HODLing – Ethereum Classic (ETC)

To find out if can you get a best crypto loan without collateral, you should learn more about the types of earnings. P2P trading is the exchange of cryptocurrencies to fiat or vice versa, where payment is made directly between users and funds are not stored on the trading floor. Peer-to-peer p2p exchanges are a natural extension of the concept to remove some of the limitations of conventional BTC exchanges. Online exchanges have been the primary tools for dealing with cryptocurrency throughout bitcoin’s existence.

Buying and selling currency is an important part of the crypto economy. As the need for peer-to-peer transactions with a wide range of available payment methods grows, top crypto exchanges, including Binance, Bybit, OKX, Huobi, MEXC, KuCoin, are implementing this capability.

Seeing the many shortcomings of centralized market systems, community members have transformed the market by creating a new way to exchange – decentralized peer-to-peer systems controlled by software, not people.

However, people also play an important role. In case of a conflict situation with a seller/buyer, the user appeals – tech support reviews the transaction, accepts evidence of rightness or wrongness from both sides, and decides whether to hand over the money to one of the parties.

Cryptocurrency Lending

This method of making money from cryptocurrency is alr.

Shiba Inu (SHIB)so called cryptocurrency lending. The mechanism is simple – the trader transfers some of his cryptocurrency to the platform, which uses the funds received to provide credit to other users. In return, the trader receives a percentage of the deposit. The terms may vary. For example, on some platforms, the interest is paid monthly, on others only after an agreed period has elapsed and the deposit is withdrawn.

For example, on the Binance exchange, there are many lending programs at 7-15% per annum. You can lend BTC, ETH, XMR, DASH, and other currencies, it depends on the site. The minimum deposit also differs, it may be, for example, 300 XMR or 50,000 USDT. The term of the deposit is usually 14 days. The longer the period, the higher the earnings. Landing does not require anything from the user, except funds. Guarantee is determined by the status of the site.

Advantages: you do not need anything but the starting deposit, you can choose several credit programs at once to increase earnings.
Disadvantages: you will need a large deposit to make good money.

Now let’s move on to the well-known meme-cryptocurrencies.

Dogecoin (DOGE)

Blockchain: own + Binance Smart Chain
Rate: $0.2742
Market capitalization: $36,207,839,906

Dogecoin is the very first meme-cryptocurrency, which remained the only one for a long time. It operates on its blockchain, created in the image and likeness of bitcoin. It is based on the Proof-of-Work algorithm, so the coin can be mined. Dogecoin has the support of Elon Musk, to whom it owes much of its price growth in the last year.

Blockchain: Ethereum
Rate: $0.00005562
Market capitalization: $30,510,852,370

A token that in just a few months of existence was able to grow into a complete ecosystem, including the decentralized ShibaSwap exchange, the NFT incubator, and a reward system. Some of the tokens were sent to Vitalik Buterin as a burn after the initial coinage, and he subsequently used them for charity: funding the fight against COVID in India.

Dogelon Mars (ELON)

Blockchain: Ethereum / Polygon
Rate: $0.000001791
Market capitalization: $999020,796

Dogelon Mars appeared on the Uniswap platform on April 22, 2021, with a price of less than $0.00000000002, but soon rose to $0.00000208. This gave early investors a 100,000% return and brought attention to the coin. Like Shiba Inu, the project sent half of the tokens to Vitalik Buterin. Nothing more can be said about it – there is no product, no idea, no White Paper, and no advantages over other сoins.

Samoyedcoin (SAMO)

Blockchain: Solana
Rate: $0.1831
Market capitalization: $499604,581

The first meme coin on the Solana blockchain. The developers call it the main symbol of the Solana community and ecosystem and name its purpose: to be a kind of mascot, attracting people to this ecosystem. The dog breed chosen was not the hackneyed Shiba Inu, but a Samoyed. The token is present on several major exchanges as well as Solana DEX.

Hoge Finance (HOGE)

Blockchain: Ethereum, Binance Smart Chain
Rate: $0.0004845
Market capitalization: $195,302,476

A decentralized project with a lot of focus on brand development, which is reflected in its motto – “We meme business”. HOGE community aims at the simultaneous growth of the economy and the well-being of its participants using cooperation with different companies and alternative financial structures. The team promotes its own NFTs and merch and holds events.

Dogs Of Elon (DOE)

Blockchain: Ethereum
Rate: $0.64
Market capitalization: $122,943,442

NFT project similar to Cryptopunks – 10,000 unique NFTs were created with images of pixel dogs and Elon Musk. Some NFTs are very rare, which may raise their value. The smart contracts have been audited by CertiK, which is rare for NFT projects.

Tiger King (TKING)

Blockchain: Ethereum
Rate: $0.000193
Market capitalization: $116,277,543

It is claimed to be the officially authorized coin of Joe Exotic, a character in the Netflix series “Tiger King,” particularly popular in 2020. That is its main value, as it is unknown if there are any other coins officially authorized by celebrities. The team has plans to integrate card purchases, gaming components, and other features.

MonaCoin (MONA)

Blockchain: Proprietary
Rate: $1.62
Market capitalization: $106,634,654

MonaCoin was conceived back in December 2013 and is the first known altcoin created by a cryptocurrency in Japan. The theme is based on a popular ASCII art character, a kitty named Mona. It is a full-fledged decentralized blockchain project where users make the main decisions. MonaCoin has become a popular coin for payments in Japan.

CumRocket (CUMMIES)

Blockchain: Binance Smart Chain
Exchange rate: $0.04062
Market capitalization: $53,637,210

A platform for monetizing 18+ content. Includes chat roulette, subscription, and tip features, content libraries, and NFT tokens. CUMMIES cryptocurrency allows instant payments, and transactions are completely anonymous. A deflationary economic model is used: a 5% fee is charged for each transaction, 2.5% of which is burned.

ERC20 (ERC20)

Blockchain: Ethereum, Binance Smart Chain
Rate: $0.04719
Market capitalization: $53 255 446

ERC20 is originally a standard in the Ethereum network. This project chose such a name to be recognizable. Otherwise, it does not differ from most cryptocurrencies: it can be traded, exme.changed, paid for goods or services, and stored in decentralized web3 wallets.

Conclusion

CoinLoan is a peer-to-peer cryptocurrency lending platform based in Estonia that offers users a high loan-to-value percentage as well as attractive interest rates for those who want to earn passive inco

Ethereum Classic [ETC] sellers inflicted a relatively unhindered bearish pull over the past three months. The ongoing surge in selling pressure led the price to dip toward its vital support zone in the $21-$22 range.

The bearish pullbacks positioned ETC in a south-looking channel while keeping the long-term recovery hopes alive. However, the near-term market structure formulated a rather conducive environment for the sellers.

At press time, the alt traded at $20.41, down by 11.23% in the last 24 hours.

ETC’s decline phase kept snowballing after marking consistent reversals from the upper trendline of its descending channel (yellow). For over three months, the buyers have exhibited their willingness to bounce back from the $21.1 support mark.

A close below this mark could likely open doorways for an accelerated decline toward the lower trendline of the down channel.

Although ETC lost over half its value in its current patterned oscillation, the altcoin did not mark a substantially volatile phase on the daily chart. As a result, the price action kept strolling near the 20/50 EMA.

Going forward, a sustained close below the $21-mark level can position the coin for an immediate downside in the coming sessions. This decline would pull ETC toward its less liquidity range, as evidenced by the visible range profile.

Any decline below the boundary of the current pattern would hint at a one-sided bearish edge. The first major support level, in this case, would lie in the $16.5 region, followed by the $13.75 baseline.

If the broader sentiment marks any improvements, ETC buyers could enter into an accumulation phase. In these circumstances, the buyers could continue facing barriers near the upper trendline of the down channel in the $26-$27 range.

The Chaikin Money Flow (CMF) and On-Balance-Volume (OBV) marked a streak of higher troughs over the last few days while bullishly diverging with the price action. But the CMF still needed to find a convincing close above the zero mark to affirm a buying edge.

While the price action has been on a consistent slump since mid-August, ETC’s social dominance revealed mixed signals. Empirically, ETC has exhibited a relatively high correlation to this metric on a daily basis.

The long-term price plunge entailed a decline in social dominance as well. But ETC marked a substantial peak in its dominance during the first week of November. The price action is yet to react to this spike. Nonetheless, the metric also marked a plunge over the past day.

Buyers should keep a close eye on Bitcoin’s movement to gauge any improvement potential on this metric. More importantly, the broader market sentiment and other on-chain developments could be vital in influencing future movements.

Tag: HODLing

Cryptocurrency earning. P2P exchanges and memecoins