💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
💟 Market Health (October-15) After a wave of good news about the DeFi, NFT and Fan token markets, buying power has returned to the market now. The current money is flowing strongly into the platform coins and this will help the market to stand stable in the near term. Let's keep accumulating coins and waiting for their pump
The selling force on COMP is dominated so in next days, it could fall down sharply to 260$ from this 340$ zone. The 260$ zone is quite reliable to start a new rally up to 340$, 420$ and 520$ zone or even higher in October.
📈RED PLAN ♻️Condition : If 1-Day closes BELOW 2.2$ zone
🔴Sell : 340$
🔴Buy : 260$
🔴Sell : 340$ - 420$ - 520$
📉BLUE PLAN ♻️Condition : If 1-Day closes ABOVE 2.2$ zone
🔵Buy : 340$
🔵Sell : 420$ - 520$
❓Details 🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
Compound is an algorithmic, autonomous interest-rate protocol on the Ethereum blockchain. Compound has grown to become one of the cornerstones of the DeFi industry. As of June 25th 2020, Compound was the world’s largest DeFi protocol with more than $500 million worth of cryptoassets being locked and over $900 million being supplied.
Built for developers, Compound creates efficient money markets where assets can be supplied and borrowed by individuals without any restriction (e.g., KYC). Interest rates are compounded at a block-level on the Ethereum blockchain, and no central party is required.
Compound relies on the concept of over-collateralization: individuals can supply tokens to earn yield while borrowers can provide assets that are used as collateral to borrow other assets. For instance, someone can deposit USDC, earn the USDC lending rate, while using the USDC to borrow ETH, and pay the ETH borrowing interest rate.
The borrowing and lending rates are defined algorithmically based on real-time market dynamics. When the asset supply increases as more users deposit this asset, it leads to a decrease in borrowing/lending rates. In contrast, if the demand for borrowing an asset increases, it leads to a rise in the asset interest rates. Assets (e.g., REP) supplied in the protocol are swapped to cTokens (e.g., cREP), whose value appreciates over time to reflect the block-by-block compounding effect.
The COMP token is an Ethereum-based token, used for the governance of the protocol. Supporting a vote delegation process, COMP token-holders (and their delegates) can discuss, propose, and vote on any future changes to the Compound protocol. For instance, they can include new assets, or change asset-specific requirements on Compound (e.g., required collateralization margins)