#ARKM bounced off from the strong support zone of $0.51 and made a high of $0.62, which is 21.7% in profits. I hope you booked some profit with this move and buys are expected again from the same level again with TP at Resistance at $0.65 - $0.67.

What Is an Initial Game Offering (IGO)?

Initial Game Offering (IGO) launchpads are the latest trend in the crypto world and the concept is similar to Initial Coin Offering (ICO). The only difference is that in IGOs, the platform hosts gaming projects that are based on NFTs or tokens as their in-game currency and rewards.
Investors can put their funds into the gaming projects offered by IGO launchpads and expect significant ROI once that gaming project is launched on major crypto exchanges or gains popularity in the ever-increasing gaming community.

With the rise of blockchain gaming, IGOs are becoming the next big thing in the crypto space. Games like Axie Infinity (AXS), CryptoBlades (SKILL), and Alien Worlds (TLM) have thousands of daily active users. Axie Infinity is currently leading the pack with over $1.1 billion USD in sales so far in 2021. While Axie Infinity has launched its initial token sale of $AXS on the Binance launchpad, players in the game earn income primarily from its Smooth Love Potion ($SLP) token. $SLP are obtained by completing daily quests, competing with other players (PvP) and battling monsters in adventure mode (PvE). Players can trade $SLP to fiat on exchanges like Binance, and users in the Philippines can check the SLP exchange rate to PHP directly on CoinMarketCap.

Owing to this huge popularity, several IGO launchpads have surfaced, including Gamefi (GAFI), Enjinstarter (ENJINSTARTER), Gamestarter (GAME), Seedify.fund (SFUND), and others.

IGOs may seem a good investment, however, before investing in any IGO platform or projects that are in its initial game offering (IGO) phase, a few things should be considered:

See the holder benefits of the native tokens. Check the percentage of benefits and compare them with other IGOs.

—> Check whether the IGO launchpad is providing guaranteed allocation. This may cost higher than IGO launchpads that use a lottery mechanism; however, in that case, allocation is not guaranteed.

—> Evaluate the ROI of the active IGOs offered on the platform. A launchpad with a history of good projects is likely to provide major returns on most of its upcoming projects.

—> Check the launchpad's holder value which acts as a performance metric for any IGO launchpad. A high holder value amounts to a higher token valuation, which implies that investing in that IGO may prove to be beneficial.

—> Check the number of token generation events of an IGO launchpad. A higher number of events imply the platform strives to host quality initiatives to boost its overall valuation.

Here's the Analysis of #PEOPLE :

#PEOPLE is been creating a mess in price action and kinda moving inside the range of Resistance zone of $0.045 - $0.046 and Support Zone of $0.031 - $0.032. Well, PA is truly not good, and setups couldn't be taken, so wait for the price to either end of the zone, to take the opportunity. On LTF, price is creating a range, so a breakout will decide the next move of the market, so eyes of it.

#BTC made a weekly closing below the support area, showing some bearish sentiment. Price on H4 TF, tapped in the Major Support Area Once again, and kinda hodling above it. Price might again go into the consolidation for a while, as market looks more towards neutral too. Eyes on the range, as nothing can be done until the it break either side of it.

#TRX is been nearly reached to the level as mentioned and bounced from there. Price still having chances of getting there and move up right away. In case, its not then we need to wait for a another breakout either side, as getting in between is not good for a setup.

#GRT reached the support zone (Grey Box) where buys could be expected. A decent 8-10% range is available, to attempt that. Well, in this case use lower risk and take the short with stops below the previous swing low.

What Is an Initial Stake Pool Offering?

Crypto fundraising methods have undergone a notable transformation in recent years to introduce more convenient and accessible processes for developers and investors alike. Initial Stake Pool Offering (ISPO) is a promising new fundraising model that offers more advantages than the IDOs, ICOs, and other existing models.

The Initial Stake Pool Offering (ISPO) fundraising model is unique to the Cardano ecosystem. It allows project developers to start staking pools where ADA token holders stake their tokens. For each staking pool, developers can set variable margins, collect rewards, and in turn, pay the stakeholders with their project’s utility tokens. The greater the stake in a pool, the higher the likelihood of it being selected as a validator node for the next block.

However, the major difference is that, unlike other models, which require investors to buy, sell, or exchange one token to buy project-specific tokens and stake them. The ISPO model allows users to use the ADA token they already hold. Instead of staking ADA in Cardano’s proof-of-stake (PoS) ecosystem, users stake those tokens in the project’s staking pool to earn the project’s native token as a reward.

Compared to other funding options, an ISPO is more secure for investors. It is less risky because users are just giving up their ADA rewards to receive project-native rewards. The staked ADA is still theirs, and it stays in their personal, non-custodial wallets. Additionally, there is no lock-in period in an ISPO. Users not only retain full control over their assets, but they can also enjoy the flexibility of using their ADA as they want, be it unstaking, selling, trading, using the ADA to buy NFTs, or anything else.

How Does an ISPO Work?

Let’s consider an example to illustrate how an ISPO works.

In general, Cardano stake pools use the PoS (Proof-of-Stake) consensus mechanism. Hence, the network relies on network validators to verify transactions and produce new blocks. Validators are effective ‘nodes’ or stake pools that allow users (delegators) to stake their funds.

Powered by the Ouroboros protocol, the network chooses the staking pool with the highest amount of stakes to distribute validator rewards. So, after every epoch (which is five days in Cardano), validator rewards in the form of ADA are divided among the delegators of the winning staking pool based on the amount of ADA staked by each user.

With the ISPO model, delegators (users) stake their ADA in staking pools that project developers create. The staking pool with the highest stakes becomes a validator node in a block and ultimately part of the Cardano network’s consensus.

Here's the Analysis of #OP :

#OP is been moving inside a consolidation range and kinda stuck between it.Price ranging between support zone around $3.00 -$3.20 and Resistance Zone of $4.08 - $4.18. Well, the range is good enough to take trades, so you can go with the range trading here, where can come from the support with stops below previous swing low.

#BTC didn't played alot of movement after tapping into the Major Support Zone but market trying to recover a bit. Well, the move seems to be very corrective, so it might reject from any point of the market nearby $43,500. Also, it stuck up into a range so its always better wait for the price to break either side of zone.

#GRT is been tapped into the support zone and bounced from there. Well, price moved around 5.6% in profits and better move stops to Breakeven. Price shifted the market structure and the range is pretty small to hodl it high. Try to book profits at Strong Resistance area and shorting too.

Notice of Removal of Spot Trading Pairs - 2024-01-19
https://www.binance.com/en/support/announcement/44f3c7f4136b40dda2c93ad0ecc2c0a9

#KLAY did what we're anticipating in a very short time, price made a huge jump and a high of $0.26, which is 40% in profits. We already hit the TP area and price is retracing. I hope you secured some profits and enjoyed. Next buys can come from $0.20 mark.

What Is an Initial Token Offering (ITO)?

Initial Token Offerings (ITOs) share a resemblance with Initial Coin Offerings (ICOs), and these terms are frequently used interchangeably. However, it's vital to recognize subtle differences.

While ICOs typically aim to raise funds for new cryptocurrencies, ITOs place emphasis on tokens showcasing either proven or unproven intrinsic utility. This utility may manifest in various ways, such as providing investors with exclusive access to a platform through a subscription model. Token holders, in turn, unlock privileges to utilize exclusive services within a given ecosystem. For instance, an exchange may offer reduced trading fees to token holders.

It's important to note that ITOs are more intricately linked with the concept of tokenization rather than crowdfunding. This signifies a shift towards leveraging tokens for their inherent utility within a specific ecosystem.

In the realm of cryptocurrencies, a crucial distinction exists between coins and tokens. Coins, such as Bitcoin, XRP, and Ethereum, operate on their proprietary independent blockchains. On the flip side, tokens function on existing blockchains, often adhering to standards like Ethereum's ERC-20.

The decline in the popularity of ICOs within the crypto industry resulted from a waning public trust caused by the revelation of scams and the subsequent devaluation of numerous projects shortly after their launch.

Here's the Analysis of #SUI :

#SUI is been building the continuous Higher High and Higher low, with that price also reached the nearby listing High and ATH price. Now , price caught up in a range between the resistance area of $1.39 - $1.42 and Support zone of $1.21 - $1.24. Now, a good buys can come from support with lower risk and a safer side would be wait for a breakout either side, to get in the setup.

#BTC didn’t moved alot and making ranges after range in a LTF. Well, right now price forming a Inverse Head & Shoulder Pattern, over the major Support Area and its a strong bullish sigh that potentially market gonna reverse. Eyes on the breakout over the resistance build up with the pattern

#KLAY forming a macro consolidation below the Resistance area, show possibility to moving down towards the support area of $0.2. Till that, we can get into shorting opportunities with lower risk and Buys after a rejection of $0.20 level.

The chart below shows an oscillator for the percent change of futures open interest. This tool can be used to spot periods of rapid change in aggregate market leverage.

🔴 High values indicate OI has increased by +2 standard deviations.
🔵 Low values indicate OI has decreased by -2 standard deviations.

We can see that there was a significant deleveraging event on 3-January where almost $1.5B of OI was closed out in a single day. Conversely, OI increased significantly between 9 and 11 January as ETF speculation peaked, and prices approached $49K.

This was greeted by a weekend sell-off back down to $40k, with new owners of ETF shares introduced to Bitcoin's 24/7 trading environment.