cryptovipsignalta

September 30, 2023, 14:13

Three major company Bitcoin ETF second deadline is 17 October. We may see some volatility near this date. The final deadline for major BTC is Q1 2024. We may see approval of BTC ETF in 2024.

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cryptovipsignalta

September 30, 2023, 9:24

The DXY has broken through its resistance area and is currently undergoing a retest. This may indicate a bullish trend for the DXY, assuming it can stay above the 105 level. It's unclear how the Dollar Index will perform in the coming week, so it's recommended to use a tight stop loss on all existing positions.

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cryptovipsignalta

September 30, 2023, 5:32

The daily candle for BTC broke out and closed above the downtrend line, which could lead to upward movement in the market if it remains at this level. Monday may see some increased activity in the market.

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cryptovipsignalta

September 29, 2023, 17:58

PENDLE analysis:

The price has surpassed the $0.70 resistance area and is presently testing the downtrend line. A break above the $0.745 level would be considered a bullish signal and could propel the price toward the $0.84-$0.85 resistance area. It is advisable to wait for a clear break above the downtrend line before initiating a new long position.

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Educational Post

What Is PAX Gold (PAXG)?

PAX Gold (PAXG) is an ERC-20 stablecoin backed by physical gold reserves, held in custody by the Paxos Trust Company. Each PAX Gold token equals one troy ounce of a 400-ounce London Good Delivery gold bar housed in secured gold vaults, such as Brink’s. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.

PAXG is regulated and approved by the New York State Department of Financial Services. To ensure that Paxos maintains its reserves, a third-party auditing firm performs monthly checks to verify that Paxos’ gold reserve matches the supply of PAXG tokens, and these attestation reports are released on Paxos’ official website. PAXG’s developers conduct regular smart contract audits to identify potential bugs and vulnerabilities.

In addition, all Paxos customers’ assets, including PAXG, are protected from bankruptcy and held separately from company assets.

How does PAXG work?

PAX Gold runs on the Ethereum blockchain. As an ERC-20 token, PAXG is compatible with Ethereum-based wallets, can be integrated with DeFi DApps and DEXs on Ethereum, and can be traded on cryptocurrency exchanges like Binance.

Compared to owning physical gold bars, owning PAXG doesn’t require any vault storage or custody fees. Each PAXG transaction only incurs a small transaction fee of 0.02% and some ETH as gas fees. It lowers the entry barrier to gold investment by letting users own fractions of physical gold bars without the burden of fees, storage, or transportation costs.

PAXG tokens are allocated serial numbers that match those of individual gold bars. Holders can find their physical gold’s serial number, value, and other characteristics by entering their Ethereum wallet address on the PAXG lookup tool. They can also redeem their PAXG anytime for fiat currency, another crypto asset, or allocated and unallocated gold bullion bars from gold retailers at the current market price of gold.

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cryptovipsignalta

September 26, 2023, 11:40

QNT continues the downtrend after the break below the $90 support level. This is the reason we tell you to wait for new positions. The next major support is the $65-$68 area on the weekly chart. Better to stay away for a while.

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