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<h1>Coq Inu (COQ): The Trending Avalanche Meme Coin of 2024</h1><h2>Key Takeaways</h2><ul><li>Coq Inu (COQ) is a rooster themed meme coin that launched on the Avalanche blockchain in December 2023.</li><li>It has a total supply of 69.420 trillion tokens, with no presale or fixed allocations for investors.&nbsp;</li><li>Like most meme coins, COQ has no utility beyond its status as a meme, and is a purely speculative asset.</li></ul><h2>What Is Coq Inu (COQ)?</h2>Coq Inu (COQ) is a meme coin, designed around the theme of a rooster and named after the French word for rooster, "Coq." Launched on the Avalanche blockchain on December 7, 2023, it has since surged in value, emerging as one of the most prominent meme coins in 2024, captivating the attention of the cryptocurrency community.&nbsp;<h2>How Does Coq Inu (COQ) Work?</h2>Coq Inu (COQ) runs on the Avalanche C-Chain and has quickly risen to prominence as one of the leading meme coins in this ecosystem. Unlike many cryptocurrencies that are developed to address specific financial or technological challenges, Coq Inu is designed purely for its meme appeal, lacking functional utility or intrinsic value.&nbsp;COQ is uniquely community-driven, with no allocations for founders, no presales, and imposed taxes. The team has committed to a decentralised vision by fully renouncing control over its contract and locking its liquidity permanently, ensuring fairness and transparency in its operations.<h3>Coq Inu (COQ) Tokenomics&nbsp;</h3>Like many meme coins, COQ’s tokenomics feature a playful nod to popular numeric jokes, with a fixed total supply of approximately 69.42 trillion coins. These tokens were made fully available at the time of launch, with no presale or pre-allocations to investors.&nbsp;<h2>Why is Coq Inu (COQ) so Popular?</h2>COQ has surged in popularity primarily due to its engaging and viral nature, a hallmark of meme-driven cryptocurrencies. Drawing inspiration from a French rooster and the Japanese word 'Inu', meaning dog, COQ plays into the successful trend set by other dog-themed meme coins like <a href="https://coinstash.com.au/shib/buy" rel="noopener noreferrer" target="_blank">Shiba Inu</a>. These coins capture the fascination of enthusiastic online communities and often offer a low cost of entry, making them particularly attractive despite their volatile and speculative nature.&nbsp;COQ’s launch in late 2023 was well-timed, coinciding with a bullish turn in the crypto market. This timing, combined with a surge in value shortly after its release, fueled extensive media coverage and social media buzz. Stories of traders turning modest investments into significant gains further fueled interest, propelling the token's price upward. The ongoing attention and discussion surrounding COQ by influential crypto personalities have kept it in the spotlight, sustaining its popularity well beyond its initial surge.<h2>How to Buy COQ Inu (COQ) With Coinstash</h2>Buying <a href="https://coinstash.com.au/coq/buy" rel="noopener noreferrer" target="_blank">COQ</a> with Coinstash is easy and safe. Simply <a href="https://coinstash.com.au/auth/signup" rel="noopener noreferrer" target="_blank">create your Coinstash account</a> for free and verify your personal details in just a few minutes.&nbsp;Once registered, log into your account, deposit funds using one of our various deposit methods, and then you're ready to make your first COQ purchase.<h2>Should You Buy Coq Inu (COQ)?</h2>COQ has quickly become a prominent meme coin within the Avalanche (AVAX) ecosystem, experiencing a price increase of over 6,000% in just a few months. This remarkable growth underscores its popularity in the crypto space. However, it’s crucial to recognise that COQ is a highly speculative asset with no inherent value.The appeal of meme coins like COQ often comes from their potential for high returns, but these assets are also prone to significant volatile price fluctuations. While the possibility of substantial profits can be attractive, the risk of sudden financial losses is equally real. Investors should approach meme coins with caution, only investing what they are willing to lose.&nbsp;<h2>Closing Thoughts</h2>As the cryptocurrency landscape continues to evolve, meme coins like Coq Inu will remain a fascinating phenomenon to watch. While they offer an interesting blend of humor and investment potential, it's crucial for investors to approach these assets with caution and conduct thorough research before participating in the meme coin market. <h2>Frequently Asked Questions</h2>

CompactFAQ

Disclaimer: This article and its contents are intended for informational purposes only, and do not constitute financial advice from TWMT Pty Ltd, trading as Coinstash AU ("Coinstash"). Coinstash is not a licensed financial advisor and does not provide financial advice. You should consider seeking financial, legal, tax or other professional advice to check how the information relates to your unique circumstances. Coinstash shall not be held responsible or liable for any losses, whether due to negligence or otherwise, stemming from the use of, or reliance upon, the information provided directly or indirectly in this article.

What is Coq Inu (COQ) Meme Coin?

Welcome to the 32nd edition of the Crypto Chronicle, brought to you by <a href="https://imperialwealth.com/consultation/crypto/coinstash" rel="noopener noreferrer" target="_blank">Imperial Wealth</a>.You can listen to todays episode <a href="https://open.spotify.com/episode/1vGtZBZipyFFoXmfZzjDdd?si=hBo9YcFXRHKoyRlkzQMmYw" rel="noopener noreferrer" target="_blank">here</a><a href="https://open.spotify.com/episode/0b39ruuit7QjyYV999i7xq?si=xHOfeQv-TH6UV2Y0Zg4oag" rel="noopener noreferrer" target="_blank">.</a><h2>News</h2><h3>March Sees Spot Bitcoin ETF Trading Volume Surge to $111 Billion</h3>In March, spot Bitcoin exchange-traded funds (ETFs) witnessed a remarkable surge in trading volume, reaching $111 billion, nearly tripling the volume from February, with Grayscale and BlackRock ETFs leading the market.&nbsp;BlackRock’s Bitcoin ETF, IBIT, remained dominant in trading volume, while Grayscale’s GBTC and Fidelity’s FBTC closely followed.&nbsp;Bloomberg ETF analyst Eric Balchunas highlighted IBIT’s increasing dominance over GBTC in market share. However, despite profitable hits, IBIT’s lead in volume solidified its position as the “GLD of Bitcoin.”&nbsp;On April 1, Farside Investors reported cumulative net outflows of $86 million for spot Bitcoin ETFs, with IBIT experiencing inflows of $165.9 million, overshadowed by Grayscale’s $302.6 million outflows. Additionally, Fidelity’s FBTC saw significant inflows of $44 million on the same day.&nbsp;Despite these trends, Grayscale’s GBTC has faced substantial outflows, with assets under management declining by 46% to $22 billion according to Coinglass data.Read more here:&nbsp;<a href="https://imperialwealth.com/news/march-sees-spot-bitcoin-etf-trading-volume-surge-to-111-billion" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/march-sees-spot-bitcoin-etf-trading-volume-surge-to-111-billion</a><h3>DOJ Transfers $2 Billion in Seized Silk Road Bitcoin to New Wallet</h3>Around $2 billion worth of Bitcoin, seized by the US authorities from the Silk Road marketplace, was recently moved to a new address.&nbsp;Associated with the US Justice Department, the wallet performed a transaction of 0.001 BTC to a Coinbase Prime address before transferring 30,174 BTC to the new location.&nbsp;These coins were seized from James Zhong, convicted for his involvement in Silk Road’s illicit activities. In March 2023, US authorities sold approximately 9,861 BTC for $215 million, leaving about 40,000 BTC.&nbsp;This transfer coincided with a 7% drop in Bitcoin’s value.&nbsp;The Silk Road platform, notorious for illegal trade, led to the imprisonment of its founder, Ross Ulbricht, in 2013.&nbsp;The strategy for selling the remaining BTC remains undisclosed.Read more here:&nbsp;<a href="https://imperialwealth.com/news/doj-transfers-2-billion-in-seized-silk-road-bitcoin-to-new-wallet" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/doj-transfers-2-billion-in-seized-silk-road-bitcoin-to-new-wallet</a><h3>Morgan Stanley Aims to Outpace UBS in the Race to Become the Premier Bitcoin ETF Provide</h3>The emergence of spot Bitcoin exchange-traded funds (ETFs) in the US has sparked competition among investment banks, with Morgan Stanley aiming to lead ahead of UBS.&nbsp;Crypto enthusiast Andrew reported that Morgan Stanley may announce Bitcoin ETF approval soon.&nbsp;Eric Balchunas from Bloomberg noted neither Morgan Stanley nor UBS has integrated Bitcoin ETFs yet.&nbsp;Both banks seem to wait for the other to act first. Andrew mentioned UBS plans to introduce Bitcoin ETFs between April 8 and April 12.&nbsp;This speculation follows reports of Morgan Stanley’s impending approval of Bitcoin ETFs. Despite hurdles, traditional finance (TradFi) appears to embrace Bitcoin.Read more here:&nbsp;<a href="https://imperialwealth.com/news/https-imperialwealth-com-news-morgan-stanley-aims-to-outpace-ubs-in-the-race-to-become-the-premier-bitcoin-etf-provide" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/https-imperialwealth-com-news-morgan-stanley-aims-to-outpace-ubs-in-the-race-to-become-the-premier-bitcoin-etf-provide</a><h3>Ripple Set to Introduce Stablecoin Tied to US Dollar, Targeting Competition Against USDT and USDC</h3>Ripple plans to introduce a USD-backed stablecoin to compete with Circle and Tether, aiming to tap into the growing market projected to exceed $2 trillion by 2028.&nbsp;Chief Technology Officer David Schwartz disclosed the stablecoin’s issuance on the XRP Ledger and Ethereum blockchain, emphasising transparency in asset backing and regulatory compliance, echoing USDC’s approach.&nbsp;Schwartz highlighted Ripple’s intention to prioritise market share over risky manoeuvres.&nbsp;Auditing of reserve assets will be performed monthly. Leveraging its credibility, Ripple aims to establish a significant presence in the stablecoin sector.&nbsp;The stablecoin complements Ripple’s existing offerings, enhancing liquidity and capitalising on market opportunities.Read more here:&nbsp;<a href="https://imperialwealth.com/news/ripple-set-to-introduce-stablecoin-tied-to-us-dollar-targeting-competition-against-usdt-and-usdc" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/ripple-set-to-introduce-stablecoin-tied-to-us-dollar-targeting-competition-against-usdt-and-usdc</a><h3>CEO of Australian Monochrome Anticipates the Launch of an Australian Spot Bitcoin ETF Within the Next Two Months</h3>Monochrome, an Australian asset manager, plans to launch its primary spot Bitcoin ETF on Cboe Australia after filing in July 2023.&nbsp;If approved, it would be Australia’s first ETF to directly hold Bitcoin. While two existing ETPs on Cboe Australia offer exposure to spot crypto assets, they don’t hold Bitcoin.&nbsp;Monochrome gained ASIC approval and expects Cboe to approve its application by June. Initially slated for ASX, Monochrome CEO Jeff Yew believes Cboe aligns better with their goals.&nbsp;The move follows the U.S. SEC’s approval of 11 spot BTC ETFs, sparking global interest in similar products.Read more here:&nbsp;<a href="https://imperialwealth.com/news/ceo-of-australian-monochrome-anticipates-the-launch-of-an-australian-spot-bitcoin-etf-within-the-next-two-months" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/ceo-of-australian-monochrome-anticipates-the-launch-of-an-australian-spot-bitcoin-etf-within-the-next-two-months</a><h3>BlackRock Enhances Bitcoin ETF with Addition of Five Wall Street Firms</h3>BlackRock updated its Bitcoin ETF prospectus on April 5, adding five major Wall Street firms as authorized participants.&nbsp;These include ABN AMRO Clearing, Citadel Securities, Citigroup Global Markets, Goldman Sachs, and UBS Securities.&nbsp;The Securities and Exchange Commission’s stance on cash creation and redemption aims to curb market manipulation risks. This mechanism, adopted by BlackRock and others, allows ETF shares to be created or redeemed solely through cash transactions, deviating from the traditional in-kind model.&nbsp;The move seeks to prevent intraday price manipulation and aligns with recommendations from industry leaders like Hashdex.&nbsp;Despite a surge in March trading volume to $111 billion, some reports suggest cooling demand for Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust remains dominant in both trading volume and assets under management, followed by Grayscale and Fidelity’s funds. As of April 1, BlackRock’s IBIT assets totalled $17.6 billion.Read more here:&nbsp;<a href="https://imperialwealth.com/news/blackrock-enhances-bitcoin-etf-with-addition-of-five-wall-street-firms" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/blackrock-enhances-bitcoin-etf-with-addition-of-five-wall-street-firms</a><h3>SEC Case Finds Terraform Labs and Do Kwon Guilty of Fraud</h3>A jury found Terraform Labs and co-founder Do Kwon liable for defrauding investors in a civil case with the SEC.&nbsp;The verdict, announced by SEC Enforcement Director Gurbir Grewal on April 5, held them accountable for deceiving investors about the stability of Terra USD and the platform’s payment application.&nbsp;The SEC trial began on March 25, with Kwon absent due to his stay in Montenegro. The jury also found Terraform guilty on six charges, describing its conduct as “reckless.”&nbsp;The outcome may impact crypto firms.&nbsp;Meanwhile, Kwon’s extradition remains uncertain following a decision by Montenegro’s Supreme Court, facing criminal charges in both the U.S. and South Korea.Read more here:&nbsp;<a href="https://imperialwealth.com/news/sec-case-finds-terraform-labs-and-do-kwon-guilty-of-fraud" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/sec-case-finds-terraform-labs-and-do-kwon-guilty-of-fraud</a><h3>In March, Binance’s Trading Volumes Peak for the Year, Reaching $1.12 Trillion</h3>Binance’s spot trading volume surged to its highest level since May 2021, hitting $1.12 trillion in March, with a 121% rise reported by CCData.&nbsp;The exchange’s combined market share reached 44.1%, up 1.04% from the previous month. CCData highlighted Binance’s recovery post a $4.3 billion settlement with the US DOJ, noting an 89.7% spike in derivatives trading to $2.91 trillion.&nbsp;Binance’s dominance in spot markets increased by 2.3%, reaching 38.0% of spot trading volumes on centralized exchanges (CEXs).&nbsp;The overall trading volume on CEXs surged by 92.9% to $9.12 trillion, with cryptocurrency derivatives reaching $6.18 trillion.&nbsp;This surge coincided with Bitcoin’s rally towards new all-time highs, reflecting growing investor interest despite regulatory challenges and setbacks faced by exchanges like FTX.Read more here:&nbsp;<a href="https://imperialwealth.com/news/in-march-binances-trading-volumes-peak-for-the-year-reaching-1-12-trillion" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/in-march-binances-trading-volumes-peak-for-the-year-reaching-1-12-trillion</a><h2>Technical Analysis</h2>Last week when the Chronicle was released saw a dump from $69k to $66k with important points stressed.The main being – that $65k was our most integral line of support until far lower (&lt; $59k).“In any case, the first level of support that interests me is still the Golden Pocket at $65,000/USD.Under that comes $59k and then $48-$50k as shown in prior weeks.”It is that exact structural level we found support/demand and have bounced from just briefly below $65k, and have pumped to as high as almost $73k overnight.A reminder of this chart here:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02163229/BTCUSD.P_2024-04-02_17-32-17_9ac65.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02163229/BTCUSD.P_2024-04-02_17-32-17_9ac65.png"></a>And now the updated.Please see the chart below:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09165110/BTCUSD.P_2024-04-09_16-50-56_855f4.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09165110/BTCUSD.P_2024-04-09_16-50-56_855f4.png"></a>Picture perfect, huh? Pays to do the analysis.Also pays to have conviction in the TA, whilst understanding that most of the market become scared at support, expect lower, and usually the opposite happens.As a result, were able to grab two buys in the market last week for the&nbsp;<a href="https://imperialwealth.com/crypto/trading/trading-academy" rel="noopener noreferrer" target="_blank">Trading Academy.&nbsp;</a>We now seek higher targets for now. A break below $65k would present bearishness, but for now, I have my eyes set on ATHs, $75-$77k and $82k.Please see the chart below:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09170542/BTCUSD.P_2024-04-09_17-05-31_cde74.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09170542/BTCUSD.P_2024-04-09_17-05-31_cde74.png"></a>Let’s wait and see! For now we are rejecting under the daily candle highs.I would like to see $69.3k hold for now, but I am expecting higher targets to come, including Fresh All Time Highs.That $69.3k support is the range golden pocket – and obviously represents our prior 2021 ATH.If this is a bullish move, if we retrace to that level, I want it to hold – $66-$67k should be support under that if its lost.Irrespective, as a result of recent bullish movements… Our Day Traders continue to kill it.Here is an excerpt from our&nbsp;<a href="https://imperialwealth.com/crypto/trading-education/crypto-day-trading-course" rel="noopener noreferrer" target="_blank">Day Trading Course</a>&nbsp;Discord:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09165931/Screenshot-2024-04-09-165846.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09165931/Screenshot-2024-04-09-165846.png"></a>That is the conviction you require against the rest of the market to nail it.<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09171730/Screenshot-2024-04-09-171709.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/09171730/Screenshot-2024-04-09-171709.png"></a>And our students nailed it!<h2>Cryptocurrency Mining</h2>Bitcoin continues to improve its hashrate sitting at 646EH with block rewards sitting at around 6.5 on average leading into the halving.We are seeing a stabilisation of metrics which is common leading into the halving as people are sitting firm and deployment delays across the industry due to machine manufacturer delays.We did a small drop in network difficulty which has been welcome.Around the grounds:Doge continues to see a drop in hashrate which saw a 14% drop.Along with LTC doing a smaller 6% drop seeing the Scrypt algo getting some nice rewards. This has seen L7s shoot to above $10,000 for new machines.Kaspa continues to rise in difficulty and hashrate due to the new KS5 and newer machines from Iceriver etc. Seeing a 5% jump in hashrate.Dash remains stable with a smaller drop of 4% in network hashrate.CKB is the standout with a 75% price jump with minimal drop in hash or rise.That’s it for this weeks edition, stay tuned for next weeks!Thanks!

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Crypto Chronicle - 10/04/24

Welcome to the 31st edition of the Crypto Chronicle, brought to you by <a href="https://imperialwealth.com/consultation/crypto/coinstash" rel="noopener noreferrer" target="_blank">Imperial Wealth</a>.You can listen to todays episode <a href="https://open.spotify.com/episode/5YSLDn6xktP9SZJ8EEEObW?si=UCqhMoB0S8ev6NVgVAGUvA" rel="noopener noreferrer" target="_blank">here</a><a href="https://open.spotify.com/episode/0b39ruuit7QjyYV999i7xq?si=xHOfeQv-TH6UV2Y0Zg4oag" rel="noopener noreferrer" target="_blank">.</a><h2>News</h2><h3>BlackRock CEO, Larry Fink, ‘Very Bullish’ on Bitcoin as ETF Surpasses $17 Billion</h3>BlackRock CEO Larry Fink expressed satisfaction with the rapid growth of the iShares Bitcoin Trust (IBIT), calling it the fastest-growing ETF in history.&nbsp;IBIT amassed $13.5 billion within 11 weeks, exceeding expectations. Fink praised the liquidity and transparency of the Bitcoin market, reaffirming his bullish outlook on Bitcoin’s long-term viability.&nbsp;Meanwhile, concerns loom over smaller ETF providers’ profitability amidst fierce competition. Hashdex became the 11th entrant into the spot Bitcoin ETF market on March 27.Read more here:&nbsp;<a href="https://imperialwealth.com/news/blackrock-ceo-larry-fink-very-bullish-on-bitcoin-as-etf-surpasses-17-billion" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/blackrock-ceo-larry-fink-very-bullish-on-bitcoin-as-etf-surpasses-17-billion</a><h3>Sam Bankman-Fried Receives 25-Year Prison Sentence</h3>Former FTX CEO Sam Bankman-Fried has been sentenced to 25 years in federal prison for seven felony charges, following a hearing by Judge Lewis Kaplan in New York.&nbsp;The sentence includes time served and an $11 billion judgment. Despite Bankman-Fried’s apology, the judge emphasized the severity of the crimes. Witnesses recounted losses and criticised Bankman-Fried’s lack of accountability.&nbsp;The verdict, falling between defence and prosecution recommendations, surprised many. Other FTX associates have pleaded guilty, with Ryan Salame&nbsp;next for sentencing.Read more here:&nbsp;<a href="https://imperialwealth.com/news/sam-bankman-fried-receives-25-year-prison-sentence" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/sam-bankman-fried-receives-25-year-prison-sentence</a><h3>Bitwise Submits SEC Application for Spot Ethereum ETF Listing</h3>Bitwise has applied to the SEC for a spot Ethereum ETF, filing on March 28. The timing coincides with debates over Ether’s classification as a security, which could impact future ETF approvals.&nbsp;Bitwise intends to list the ETH ETF on NYSE Arca, following its SEC approval for a spot Bitcoin ETF in January. The SEC’s deadline for the latest round of Ethereum ETF applications is May 23, with VanEck leading.&nbsp;While optimism initially prevailed for 2023 approvals, concerns linger for potential rejections extending into 2024.&nbsp;Companies like Fidelity, Hashdex, and ARK 21Shares await SEC decisions, as the agency began approving Ethereum futures-based investment products in October 2023.Read more here:&nbsp;<a href="https://imperialwealth.com/news/bitwise-submits-sec-application-for-spot-ethereum-etf-listing" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/bitwise-submits-sec-application-for-spot-ethereum-etf-listing</a><h3>Bitcoin Exchanges Witness Nearly $10 Billion Decline in BTC Balances During 2024</h3>Since the introduction of US spot exchange-traded funds (ETFs), Bitcoin exchanges have seen nearly $10 billion worth of BTC withdrawn, with over 136,000 BTC leaving since January 11.&nbsp;<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02130048/7225c386-3f66-4f5d-a33d-ce708b07f551.webp" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02130048/7225c386-3f66-4f5d-a33d-ce708b07f551.webp"></a>This bullish trend includes mass withdrawals this quarter, despite ETFs trading for less than three months. Glassnode data reveals a combined BTC balance at its lowest since April 2018, with over 22,000 BTC withdrawn on March 27 alone.&nbsp;Market analysts predict a supply squeeze as ETF purchases outpace daily mined BTC.&nbsp;Charles Edwards anticipates significant institutional demand post upcoming block subsidy halving in April, marking a pivotal moment for Bitcoin’s value.Read more here:<a href="https://t.co/b5uFT8AJd8" rel="noopener noreferrer" target="_blank">&nbsp;https://imperialwealth.com/news/bitcoin-exchanges-witness-nearly-10-billion-decline-in-btc-balances-during-2024</a><h3>Base Achieves All-Time High DEX Volume, Exceeding $1 Billion</h3>During 2024 Coinbase’s Ethereum layer-2 solution, Base, shattered DEX trading volume records, surpassing $1 billion on March 30.<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02155232/8ca6baa2-73b7-4aae-b9d7-11312bdb5f61.webp" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02155232/8ca6baa2-73b7-4aae-b9d7-11312bdb5f61.webp"></a>The volume spiked 25% from the previous day, totalling $1.21 billion, with UniSwap dominating at 64.3%. Concurrently, daily active users surged by 12.4% to 172,000, with an average of 667,765 weekly users over six weeks.Base’s growth sparks speculation within the crypto community, with predictions of becoming a hub for meme coins.Trader Wizard of SoHo sees Base as an “early Solana,” envisioning billion-dollar meme coins.Base contributor Jesse Pollak’s survey suggests it could become the largest non-Ethereum on-chain economy within three to twelve months.Read more here:&nbsp;<a href="https://imperialwealth.com/news/base-achieves-all-time-high-dex-volume-exceeding-1-billion" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/base-achieves-all-time-high-dex-volume-exceeding-1-billion</a><h2>Technical Analysis</h2>Despite the dumping this morning from $69,000 to $66,000 – Bitcoin has held trend.Please see the chart below:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02163102/BTCUSD_2024-04-02_17-28-58_47882.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02163102/BTCUSD_2024-04-02_17-28-58_47882.png"></a>As you can see, it continues to hold that trend beginning in February, bullish.In any case, the first level of support that interests me is still the Golden Pocket at $65,000/USD.Please see the chart below:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02163229/BTCUSD.P_2024-04-02_17-32-17_9ac65.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/04/02163229/BTCUSD.P_2024-04-02_17-32-17_9ac65.png"></a>Under that comes $59k and then $48-$50k as shown in prior weeks.These are the levels I will plan my buying around!Resistance at the moment is $75-77,000/USD with the charts 123.7% extension coming in around $82k.These are major upside targets.As discussed in the Podcast at length, in the Trading Academy we employ new buys/dollar cost averaging to mitigate risk in the market and improve our profits.We will be dollar-cost-averaging this week and next and getting some new buys out.We’ll be back next week.Thanks!

Crypto Chronicle - 02/04/24

Welcome to the 30th edition of the Crypto Chronicle, brought to you by <a href="https://imperialwealth.com/consultation/crypto/coinstash" rel="noopener noreferrer" target="_blank">Imperial Wealth</a>.You can listen to todays episode <a href="https://open.spotify.com/episode/0b39ruuit7QjyYV999i7xq?si=xHOfeQv-TH6UV2Y0Zg4oag" rel="noopener noreferrer" target="_blank">here.</a><h2>News</h2><h3>BlackRock Initiates Asset Tokenisation Through Debut of Digital Liquidity Fund</h3>BlackRock, the world’s largest asset manager, has introduced asset tokenisation with the launch of its Digital Liquidity Fund, marking a significant step in the realm of digital assets.&nbsp;This move underscores BlackRock’s recognition of the growing importance of blockchain technology and its potential to revolutionise traditional finance.&nbsp;The fund, which operates on the Ethereum blockchain, aims to enhance liquidity and accessibility for institutional investors.&nbsp;By leveraging blockchain technology, BlackRock aims to streamline processes and unlock new opportunities in the asset management landscape.Read more here:<a href="https://t.co/Q3725PKcVE" rel="noopener noreferrer" target="_blank">&nbsp;https://imperialwealth.com/news/blackrock-initiates-asset-tokenisation-through-debut-of-digital-liquidity-fund</a><h3>SEC Extends Deadline for VanEck’s Spot Ethereum ETF Application</h3>The SEC postponed its decision on VanEck’s spot Ethereum ETF application, extending the review period until May 23.&nbsp;This follows the extension of deadlines for other Ether ETFs. Speculation suggests future Ether ETF applications could face rejection.&nbsp;Reports indicate the SEC is investigating companies linked to the Ethereum Foundation, raising doubts about ETH ETF approvals.&nbsp;Despite approving Ether futures products, the SEC is delaying spot Ether ETF decisions, opening them to public comments.&nbsp;Senators urge SEC Chair Gary Gensler to reject Ether ETFs due to potential risks for retail investors, following the approval of spot Bitcoin ETFs in January.Read more here:<a href="https://t.co/EYtndrCV74" rel="noopener noreferrer" target="_blank">&nbsp;https://imperialwealth.com/news/sec-extends-deadline-for-vanecks-spot-ethereum-etf-application</a><h3>Report: SEC Seeking to Classify Ether as a Security</h3>The SEC has reportedly subpoenaed multiple companies regarding efforts to classify Ether as a security, potentially leading to regulatory action.&nbsp;An investigation into the Ethereum Foundation by the SEC might grant it authority over Ether’s classification.&nbsp;U.S. firms received subpoenas related to transactions with the Foundation. SEC Chair Gary Gensler hasn’t directly addressed Ether’s status, despite previous statements.&nbsp;Prometheum’s plan to offer Ether custody services has intensified pressure on the SEC. Regulation of Ether may conflict with the U.S. Commodity Futures Trading Commission, with lawmakers yet to clarify roles.Read more here:<a href="https://t.co/ptS6SwzMO3" rel="noopener noreferrer" target="_blank">&nbsp;https://imperialwealth.com/news/report-sec-seeking-to-classify-ether-as-a-security</a><h3>Ethereum’s Dencun Upgrade Reduces Transaction Costs for Layer 2 Solutions</h3>Dencun, Ethereum’s recent upgrade, shows promising early results by aiming for faster and cheaper transactions via layer 2 solutions like Arbitrum and Optimism.&nbsp;Brian Gallagher underscores its timely launch amidst rising competition from chains like Solana.&nbsp;Despite Ethereum’s historical scaling challenges and past upgrades like the Merge, which transitioned to proof-of-stake, transaction fees remain a concern.&nbsp;Dencun’s focus on layer 2 interactions seems effective, with transaction costs significantly reduced.&nbsp;Encouragingly, platforms like Arbitrum and Optimism report substantial transaction volume increases.&nbsp;Gallagher stresses the importance of Dencun’s long-term impact on DeFi.&nbsp;While challenges remain, Ethereum’s upgrade signals a positive shift in the market.Read more here:<a href="https://t.co/cyuONJ9sgB" rel="noopener noreferrer" target="_blank">&nbsp;https://imperialwealth.com/news/ethereums-dencun-upgrade-reduces-transaction-costs-for-layer-2-solutions</a><h3>Hedge Fund Clients at Goldman Sachs Are Reentering Crypto Markets Strongly This Year</h3>Goldman Sachs has seen a resurgence in client interest in cryptocurrencies, driven by the endorsement of Bitcoin and the introduction of ETFs.&nbsp;Head of digital assets, Max Minton, reports that many prominent clients are entering or considering the crypto space, largely due to recent ETF approvals.&nbsp;Despite managing $2.8 trillion in assets, Goldman currently offers only crypto derivatives, not spot products.&nbsp;Clients, especially hedge funds, are using derivatives to navigate crypto volatility. Minton predicts increased interest in Ether if a spot ETF is approved.&nbsp;Goldman aims to expand its crypto services to a wider client base, including asset management funds and banks.Read more here:<a href="https://t.co/ouaFzp0Ib1" rel="noopener noreferrer" target="_blank">&nbsp;https://imperialwealth.com/news/hedge-fund-clients-at-goldman-sachs-are-reentering-crypto-markets-strongly-this-year</a><h3>Australian Corporate Regulator Developing Crypto Policies That Are ‘Outcome Based’</h3>ASIC is finalizing regulatory reforms for the cryptocurrency sector, aiming to balance consumer protection, market integrity, and financial innovation.&nbsp;Commissioner Alan Kirkland emphasized fostering responsible innovation while mitigating risks.&nbsp;The ASIC aims for clear rules to maintain market integrity, enforceable mechanisms, and effective enforcement. They’ve received proposals for regulating tokenization of real-world assets, intending to regulate through existing or proposed frameworks.The Treasury’s October 2023 consultation paper suggested crypto exchanges obtain a financial services license if holding over AU$5 million or AU$1,500 per individual. Responses varied, with the Treasury clarifying the paper seeks feedback on proposed regulations.Read more here:&nbsp;<a href="https://imperialwealth.com/news/australian-corporate-regulator-developing-crypto-policies-that-are-outcome-based" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/australian-corporate-regulator-developing-crypto-policies-that-are-outcome-based</a><h3>Collaborative Effort between Avalanche and Chainlink for On-Chain Asset Settlement in Australasia</h3>ANZ and Chainlink Labs unveiled outcomes of their recent partnership, focusing on connecting Avalanche and Ethereum blockchains for on-chain settlement solutions.&nbsp;Using Chainlink’s cross-chain interoperability protocol (CCIP), ANZ demonstrated seamless access, trading, and settlement of tokenised assets across various networks and currencies.&nbsp;The process involved acquiring tokenized assets on Ethereum and settling transactions on Avalanche, aligning with the “Delivery versus Payment (DvP)” principle.&nbsp;ANZ’s utilisation of its Evergreen Subnet showcases its commitment to blockchain innovation. ANZ aims to revolutionise conventional settlement procedures and extend blockchain solutions to its global clientele.&nbsp;The collaboration signifies the convergence of traditional finance and DeFi, with ANZ poised to deploy blockchain solutions on mainnets, alongside initiatives like Citigroup’s partnership with Ava Labs for tokenising private equity funds on Avalanche.Read more here:&nbsp;<a href="https://imperialwealth.com/news/collaborative-effort-between-avalanche-and-chainlink-for-on-chain-asset-settlement-in-australasia" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/collaborative-effort-between-avalanche-and-chainlink-for-on-chain-asset-settlement-in-australasia</a><h3>Bitcoin Aims For its First-Ever Seven-Month Winning Streak</h3>According to TradingView data, Bitcoin may see its seventh consecutive monthly green candle by March’s end, with the condition that it maintains a price above February’s closing value of $61,130.&nbsp;<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/03/25135745/BTCUSD_2024-03-25_14-34-33_cbb90.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/03/25135745/BTCUSD_2024-03-25_14-34-33_cbb90.png"></a>This achievement would mark Bitcoin’s first seven-month uptrend.&nbsp;Previously, it showed six consecutive green candles from October 2020 to March 2021, rising by 445%.&nbsp;AllianceBlock’s Matthijs de Vries predicts potential price surges, especially with spot Bitcoin ETF inflows and nearing halving cycles.Amidst a significant sell-off by spot Bitcoin ETFs, investors remain resilient, as observed by Willy Woo, indicating continued confidence in Bitcoin.Read more here:&nbsp;<a href="https://imperialwealth.com/news/bitcoin-aims-for-its-first-ever-seven-month-winning-streak" rel="noopener noreferrer" target="_blank">https://imperialwealth.com/news/bitcoin-aims-for-its-first-ever-seven-month-winning-streak</a><h2>Technical Analysis</h2>Last weeks TA theme was around planning for support levels around the blood that was occurring in the market, in which the very first level of roughly $60k was hit and we have bounced significantly.As I stated:“Ultimately, still remaining really positive. Regardless of any dump from here. As long as we don’t present bearish market structure by breaking our HTF bullish market structure, we are sweet in my eyes.We have pumped over 4-5x from the bottom and get scared of a -10%, -20% pullback? No, not here at IW.”And boom, we have pumped to over $70k after sitting briefly at $60k.Please see the chart below:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/03/26153526/BTCUSD_2024-03-26_16-35-16_49907.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/03/26153526/BTCUSD_2024-03-26_16-35-16_49907.png"></a>You can see we cleanly held trend and have continued to bounce as much as 17.5%.For now locally, we face a pivot high and the local .786 for resistance. If we clear this, I expect new ATHs to come.Please see the chart below:<a href="https://d3vyioym9096bm.cloudfront.net/uploads/2024/03/26154441/BTCUSD_2024-03-26_16-43-58_a86d2.png" rel="noopener noreferrer" target="_blank"><img src="https://d3vyioym9096bm.cloudfront.net/uploads/2024/03/26154441/BTCUSD_2024-03-26_16-43-58_a86d2.png"></a>That’s generally how I see things for now as I remain patient!We’ll be back next week.Thanks!

Crypto Chronicle - 27/03/24

The crypto market is an exciting and volatile place. But, contrary to popular belief, there is some method to the madness. While market movements may often seem random and unpredictable, over time, they tend to follow a fairly predictable pattern.&nbsp; As a trader or investor, understanding crypto market cycles is important to make informed investment decisions. In this article, we’ll demystify crypto market cycles, the dynamics of their four phases and the factors that influence them. By the end of this you'll be well-equipped to navigate the ever-changing digital asset landscape. <h2>What is a Crypto Market Cycle?</h2>The crypto market cycle refers to the recurring price patterns and trends that characterise the movement of the market over time.&nbsp; Just like traditional financial markets, the crypto market experiences cyclical periods of growth and decline. This natural ebb and flow is fueled by various factors, including the psychology of market participants and the overarching economic landscape. However, compared to the stock market, crypto market cycles boast their own distinctive traits and can be strikingly shorter due to their inherently <a href="https://coinstash.com.au/blog/crypto-volatility-explained" rel="noopener noreferrer" target="_blank">volatile price swings</a>. You can think of the market cycle as a blueprint outlining all the stages between the peak and low of a market. It offers invaluable insights to traders and investors, serving as a popular tool to anticipate future price movements.<h2>The Four Phases of a Market Cycle</h2>To fully grasp the concept of a crypto market cycle, it's essential to understand its four distinct phases: Accumulation, Markup, Distribution, and Markdown. Each phase has unique characteristics that can help investors identify opportunities and risks.&nbsp; Let's take a closer look at each of these phases.<h2>The Accumulation Phase</h2>Accumulation marks the beginning of every crypto market cycle. Following the end of the previous cycle after a sharp rise and dramatic fall in prices, savvy investors and long-term holders start to accumulate undervalued cryptocurrencies, believing that the market has bottomed out.&nbsp; During this phase, market volume is typically lower than average, as interest remains low. With no clear trend emerging, assets usually trade within a tight range. Prices are so stable during accumulation that some refer to this stage as "consolidation." Characteristics:- Market sentiment gradually transitions from uncertainty to hopeful neutrality- Low trading volume- Low price volatility- Tight trading range Recommended Reading: <a href="https://coinstash.com.au/blog/crypto-dollar-cost-averaging-dca" rel="noopener noreferrer" target="_blank">Crypto Dollar Cost Averaging Explained</a><h2>The Markup Phase</h2>As the Accumulation Phase ends, the Markup Phase begins, marked by a significant increase in market interest and positive sentiment. New traders and investors enter the market, driving up demand for cryptocurrencies, asset prices, and trading volumes. Market conditions improve with a sustained positive trend, often fueled by media hype, increased public awareness, and a fear of missing out (FOMO) among retail investors. This stage is commonly deemed as the start of the <a href="https://coinstash.com.au/blog/bull-vs-bear-market-difference" rel="noopener noreferrer" target="_blank">bull market or bull run</a>. Characteristics:- Bullish and positive market sentiment- Demand outweighs supply- Prices trend upwards, making new all-time highs- Trading volume increases- Media hype builds Despite the overall bullish trend, not all assets will necessarily increase in price during the Markup Phase. Some will still be affected by negative news and experience major pullbacks or corrections that go against the general market trend.&nbsp; Recommended Reading: <a href="https://coinstash.com.au/blog/bull-vs-bear-market-difference" rel="noopener noreferrer" target="_blank">Bull vs Bear Market: What’s the difference?</a><h2>The Distribution Phase</h2>The Distribution Phase commences as the market reaches its peak, with bulls and bears battling for dominance. Although trading volume remains high, asset prices fluctuate within a tight trading range until one side concedes. Market sentiment transitions from optimism to mixed emotions, driven by <a href="https://coinstash.com.au/blog/crypto-fear-greed-index" rel="noopener noreferrer" target="_blank">fear, greed</a>, and hope. Towards the end of this phase, the market will move in the opposite direction. This can take weeks or several months to play out, but typically the higher the extreme highs, the quicker the pieces fall. Investors who missed selling earlier at a profit now settle to break even — or take a slight loss. Characteristics:- Market Sentiment is mixed- Demand meets supply for a time- Price volatility is low- Trading volume is consistently high Recommended Reading: <a href="https://coinstash.com.au/blog/crypto-fear-greed-index" rel="noopener noreferrer" target="_blank">Crypto Fear and Greed Index Explained</a><h2>The Markdown Phase</h2>The fourth and final phase of market cycle's is the Markdown Phase, also known as the <a href="https://coinstash.com.au/blog/bull-vs-bear-market-difference" rel="noopener noreferrer" target="_blank">bear market</a>. As supply exceeds demand, upward market momentum slows down, buying interest dries up, and no new capital enters the market. Selling pressure builds, and fear fuels the market, leading to a sharp decline in prices, hence the name Markdown. With red the candle colour of the day, many new investors exit the market or become forced sellers.&nbsp;Panic selling frequently takes hold, potentially triggering a domino effect of plummeting prices across all assets. In certain instances, this may drive asset values down to points not witnessed since the Markup Phase. Numerous investors may face considerable losses, as the market experiences a notable decline in trading volume as participants opt to bide their time on the sidelines. For those who remain patient and vigilant, the Markdown Phase can offer opportunities to accumulate cryptocurrencies at discounted prices, preparing for the next Accumulation Phase and the start of a new cycle. Characteristics:- Market sentiment is bearish- Supply outweighs demand- Price volatility is high- Trading volume is low<h2>Factors That Affect a Crypto Market Cycle</h2>While major headlines and macroeconomic data can impact the crypto space, many sector-specific factors influence prices. These features may help explain why crypto prices move up, down, or sideways.&nbsp; Bitcoin Halvings: Every four years, the issuance rate of new <a href="https://coinstash.com.au/blog/what-is-bitcoin-btc" rel="noopener noreferrer" target="_blank">Bitcoin (BTC)</a> is cut in half in an event known as “the Bitcoin Halving”.With a reduction in supply, demand for BTC can increase, which generally pushes the price of BTC higher. As the market's leading asset, when Bitcoin's price rises, most other asset prices (except Stablecoins) tend to increase too. Historically, Bitcoin's halvings have coincided with a new markup phase, making it a good indicator to pay attention to. Recommended Reading: <a href="https://coinstash.com.au/blog/what-is-bitcoin-btc" rel="noopener noreferrer" target="_blank">What is Bitcoin (BTC)? A Beginner’s Guide</a> Major Crypto News: Positive or negative news stories and media attention can influence investor perception and participation in the market, contributing to the cyclical nature of the market. Notable recent events such as Terra (LUNA) imploding or the FTX debacle have all had lasting ripple effects across the crypto industry. Regulation and policy changes: Government policies and regulations related to cryptocurrencies and crypto trading, such as taxation, security measures, or bans, can significantly influence market cycles by either encouraging or discouraging investor participation. Social Media Sentiment: Social media platforms like Twitter, Telegram, and Discord have become major hubs in the crypto community. The collective mood of investors in these spaces can greatly impact sentiment in the market and potentially indicate whether there's a bull or bear market on the horizon.<h2>How Long Does a Crypto Cycle Last?</h2>The crypto market, though relatively new, has gone through a number of market cycle patterns. These Bitcoin and crypto market cycles have ranged from a few months to several years, influenced by various internal and external factors. Take the early<a href="https://coinstash.com.au/buy/BTC" rel="noopener noreferrer" target="_blank"> Bitcoin</a> market cycle in 2013 as an example: the value jumped from $150 to over $1,150 within months before dropping back to $250 by early 2015. Another cycle started in 2017, with the Bitcoin price rising from $1,000 to a peak of $19,000 and then declining to around $3,700 by the end of the markdown phase in 2020. Observing these patterns, some investors subscribe to the "four-year cycle theory." This idea proposes that a major markup phase occurs a few months after Bitcoin's supply is halved every four years. Where crypto assets then reach unsustainable peaks before their prices drop and stabilize close to the previous cycle's highs. They remain in this accumulation phase until the next Bitcoin halving. It's important to note that while past cycles witnessed notable "booms and busts" following previous Bitcoin halvings, there's no guarantee this trend will continue next cycle. Be cautious when relying on this theory, as it's based on a small sample size and unforeseen "<a href="https://www.investopedia.com/terms/b/blackswan.asp" rel="noopener noreferrer" target="_blank">black swan events</a>”&nbsp;could invalidate it.<h2>Investment Considerations</h2>Understanding the four phases in a crypto market cycle can provide valuable insights for investors seeking to navigate the dynamic world of digital assets. While there is no surefire way to predict the future, we can better understand the bigger picture by knowing how market cycles work.&nbsp; It’s important to be aware of the state of the crypto market before you press the buy or sell button. By staying informed and maintaining a disciplined approach to investing, you can maximize potential gains and minimize losses in the ever-evolving cryptocurrency market.<h2>Start your cryptocurrency journey with Coinstash</h2>As one of Australia's leading cryptocurrency exchanges, we understand the power of crypto and its role in shaping the digital age. And with our user-friendly platform, it's easier than ever to get started. So why not explore the exciting world of crypto with Coinstash today? With our feature-packed app and industry-leading security practices, you can start building your crypto investment portfolio with confidence. Simply sign up to buy, sell, and trade crypto in minutes. <a href="https://coinstash.com.au/auth/signup" rel="noopener noreferrer" target="_blank">Click here to sign up for FREE!</a> <h2>FAQs</h2>

Crypto Market Cycles Explained

The highly retail-focused nature of the crypto market causes emotions to play a bigger role compared to traditional markets. Crypto traders and investors often succumb to fear of missing out (FOMO) during rising markets and panic sell during downturns. Understanding the prevailing sentiment is crucial for making informed decisions and can save market participants from their own emotional reactions. The crypto Fear and Greed index is a valuable tool that measures the sentiment of the crypto market using data and market indicators. In this article, we will explore what the crypto Fear and Greed index is, how it works, and how you can use it to make better investment decisions. <h2>What is the Crypto Fear and Greed Index?</h2>The crypto Fear and Greed index is a metric that tracks the emotions and sentiments of investors towards the cryptocurrency market. It was created by <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer" target="_blank">alternative.me</a>, a platform that provides insights into the cryptocurrency market. The index is a numerical representation of the degree of Fear or Greed present in the market, based on a combination of various factors. The crypto Fear and Greed index is similar to the Fear and Greed index used in the stock market, which measures investor sentiment towards stocks. Both indexes reflect Warren Buffet’s widely-cited quote: “Be fearful when others are greedy, and greedy when others are fearful”. However, the crypto Fear and Greed index is unique in that it is specific to the cryptocurrency market, which is known for its highly volatile nature.<h2>How does the Crypto Fear and Greed Index work?</h2>The crypto Fear and Greed index analyses multiple indicators to provide a metric value between 1 and 100. The index levels can be broadly separated into these categories: -A score of 1-24 represents extreme fear&nbsp;-A score of 25-49 is an indicator of moderate fear&nbsp;-A score of 50 signifies a neutral market&nbsp;-A score of 51-74 indicates moderate greed&nbsp;-A score of 75-100 represents extreme greed The crypto Fear and Greed Index is refreshed every 24 hours and delivers insights on the present day's index, as well as the previous day's score, a weekly average of the index, and a monthly average of the index. It's worth noting that the Fear and Greed Index presently focuses solely on <a href="https://coinstash.com.au/buy/BTC" rel="noopener noreferrer" target="_blank">Bitcoin</a>-related market data, rather than incorporating indicators and data for the overall cryptocurrency market. The reason for this is that Bitcoin's fear or greed sentiment tends to be closely associated with the broader digital asset market, with significant shifts in Bitcoin's price often affecting the market as a whole. *Recommended Reading: <a href="https://coinstash.com.au/blog/what-is-bitcoin-btc" rel="noopener noreferrer" target="_blank">What is Bitcoin? A Beginner’s Guide</a><h2>What does the Crypto Fear and Greed Index measure?&nbsp;</h2>To calculate the index, alternative.me uses a complex algorithm that analyses a range of factors and assigns a score to each of them. These scores are then weighted and combined to give an overall score for the index. The index looks at the following factors to calculate the value: Volatility: makes up 25% of the index and is measured by comparing Bitcoin's 30 and 90-day market volatility to drawdowns. Higher volatility is associated with fear. <a href="https://coinstash.com.au/blog/crypto-volatility-explained" rel="noopener noreferrer" target="_blank">Learn more about crypto volatility here</a>.&nbsp; Market momentum/volume: makes up 25% of the index and is measured by comparing the volume and momentum of the Bitcoin market to 30 and 90-day averages. High volume and momentum indicate negative sentiment but increase the index value, indicating greed. Social media Sentiment: accounts for 15% of the index and is measured by quantifying the total number of social media posts related to Bitcoin and their average engagement rates. High social media interactions suggest greed. Bitcoin dominance: accounts for 10% of the index and measures Bitcoin's market capitalisation compared to the overall market cap of the entire crypto market. Lower <a href="https://coinstash.com.au/blog/bitcoin-dominance-explained" rel="noopener noreferrer" target="_blank">Bitcoin dominance</a> suggests that investors are focusing on <a href="https://coinstash.com.au/blog/crypto-altcoin-season" rel="noopener noreferrer" target="_blank">altcoins</a>, indicating market greed. Google Trends: make up 10% of the index and pull data on the frequency and intensity of Bitcoin-related search terms. Higher search interest is generally associated with greed, while negatively correlated search terms may indicate fear in the market. Survey results: make up 15% of the index score, but this input is currently paused and has been for some time.<h2>Why measure Fear and Greed?</h2>With Warren Buffet’s quote as a foundation, the Fear and Greed index hinges on two fundamental assumptions - extreme fear often leads to panic and overselling, which could represent a buying opportunity, and extreme greed suggests the market could be overvaluing assets, which could signal an ideal time to sell. Many traders and investors often make decisions based on their emotions rather than logic, and fear and greed are two of the most powerful emotions that drive investment decisions. Measuring the sentiment of the market can provide valuable insights into investor behavior and help investors make more informed decisions. *Recommended Reading: <a href="https://coinstash.com.au/blog/bull-vs-bear-market-difference" rel="noopener noreferrer" target="_blank">Bull vs Bear Market: What’s the difference?</a><h2>Investment Considerations</h2>Investors should be mindful of their own emotions when making investment decisions. Fear and greed can cloud judgment and lead to irrational decisions. While the crypto Fear and Greed index can provide valuable insights into the sentiment of the market, it should not be the sole factor in making investment decisions. The index is based on a combination of factors, some of which may be subjective or difficult to quantify. Moreover, market sentiment can change rapidly and unpredictably, so it is important to take a long-term view when investing in cryptocurrencies.&nbsp;<h2>How to invest in crypto with Coinstash</h2>Want to start crypto investing but not sure how? The easiest way to start your crypto investment journey is with an online exchange like Coinstash. With low fees, low spreads and a feature-packed app, Coinstash makes it simple and safe to buy, sell and hold crypto in Australia. Not yet a client? <a href="https://coinstash.com.au/auth/signup" rel="noopener noreferrer" target="_blank">Click here to sign up for FREE!</a>

Crypto Fear and Greed Index Explained

As the world of Bitcoin and cryptocurrencies continue to grow and experience increased global adoption, there's no better time to debunk the most prevalent myths and misconceptions about this rapidly evolving industry. If you've ever believed that Bitcoin has no intrinsic value or that cryptocurrencies are too volatile to serve any practical purpose, this guide is for you. Join us as we debunk the most common Bitcoin and crypto myths, separating the fact from fiction and revealing the signal from the noise.<h2>Top 5 Myths about Bitcoin</h2><h3>Myth #1: Bitcoin is a Bubble</h3>Many critics argue that <a href="https://coinstash.com.au/buy/BTC" rel="noopener noreferrer" target="_blank">Bitcoin (BTC)</a> is a bubble, destined to burst and leave investors with significant losses. While it's true that some people invest in Bitcoin speculatively, seeking considerable returns, that doesn't automatically make Bitcoin a Bubble. Although Bitcoin has experienced <a href="https://coinstash.com.au/blog/crypto-volatility-explained" rel="noopener noreferrer" target="_blank">volatile</a> price fluctuations throughout its 14-year history, it has consistently demonstrated resilience and an ability to bounce back. Bitcoin has weathered every boom and bust price cycle it has encountered to achieve new all-time highs. Many Bitcoin enthusiasts see these price cycles as a natural feature rather than a bug, arguing that such boom and bust cycles are typical of emerging markets. Price cycles are common with new technologies as they undergo a process of price discovery, where the market determines their true worth. Similar patterns were evident with the internet and the dot-com era in the nineties. As Bitcoin continues to evolve and gain wider adoption worldwide, supporters expect less dramatic price swings and longer intervals between them, resulting in a more stable price in the future. Recommended Reading: <a href="https://coinstash.com.au/blog/crypto-market-cycles" rel="noopener noreferrer" target="_blank">Crypto Market Cycles Explained</a><h3>Myth #2: Bitcoin has No Real-world Use Case</h3>Some critics claim that Bitcoin lacks real-world utility or that it is primarily used for illicit activities. However, these claims are far from the truth. Bitcoin has a well-established history as a medium of exchange and a means of making global payments without the need for banks or payment processors as intermediaries. Moreover, it has gained traction as an inflation-resistant store of value, similar to gold, among institutional investors. Since its inception, the value of Bitcoin has experienced a <a href="https://coinstash.com.au/buy/BTC" rel="noopener noreferrer" target="_blank">highly appreciative growth trajectory</a>. Many of its proponents advocate for Bitcoin as ‘Digital Gold’ due to its similar characteristics, namely its scarce supply and durability. A growing list of prominent funds and publicly traded companies, such as Tesla, Square, and MicroStrategy, have invested millions or even billions of dollars in Bitcoin as a strategic asset management approach in recent years. Moreover, <a href="https://www.npr.org/2021/09/07/1034838909/bitcoin-el-salvador-legal-tender-official-currency-cryptocurrency" rel="noopener noreferrer" target="_blank">small countries such as El Salvador have even made Bitcoin legal tender.&nbsp;</a> While it's true that some individuals misuse Bitcoin, its illicit use pales in comparison to that of the US dollar.&nbsp;A recent report by Chainalysis shows that <a href="https://blog.chainalysis.com/reports/2022-crypto-crime-report-introduction/" rel="noopener noreferrer" target="_blank">illicit activity accounted for only 2.1% of Bitcoin transactions in 2019</a>. Furthermore, since all Bitcoin transactions occur on a transparent blockchain, tracking illicit activities is often easier for authorities compared to the traditional financial system. Recommended Reading: <a href="https://coinstash.com.au/blog/what-is-bitcoin-btc" rel="noopener noreferrer" target="_blank">What is Bitcoin (BTC)? A Beginner’s Guide</a><h3>Myth #3: Bitcoin Doesn’t Have Real Value</h3>Critics argue that Bitcoin lacks intrinsic value as it is not backed by a physical asset like gold. However, the same case could be made for the US dollar or virtually any other modern fiat currency.&nbsp; Bitcoin's value is derived from its unique properties, such as decentralisation, security, and digital scarcity. Bitcoin is hard-coded to be scarce, with a 21 million coin supply hard-cap, which helps make it resistant to inflation. Unlike fiat currencies, which can be printed infinitely at the whim of their governments and banks. Not only is the supply capped, but the amount of new Bitcoin being mined is declining over time in a predictable way. The issuance rate is cut in half approximately every four years, in an event known as ‘the halving’. This deflationary supply schedule has worked to keep the price of Bitcoin broadly trending upwards over the long-term since its creation. For a more in-depth view, read our article: <a href="https://coinstash.com.au/blog/buy-bitcoin-btc-australia" rel="noopener noreferrer" target="_blank">How to Buy Bitcoin (BTC) Easily in Australia</a><h3>Myth #4: Bitcoin will be Replaced by a Competitor</h3>Bitcoin stands as the world’s first and most widely recognised cryptocurrency. While thousands of cryptocurrencies have emerged with the promise of replacing Bitcoin with innovative new features or advantages, none have succeeded in dethroning the king. But why? Bitcoin's first-mover advantage and extensive network effect make it highly resilient against being replaced in the near future. It remains the most valuable cryptocurrency by market cap and enjoys widespread popularity, accounting for around <a href="https://coinmarketcap.com/" rel="noopener noreferrer" target="_blank">45% of the entire crypto market</a>, at the time of writing. Indeed, it's nearly impossible to replicate the unique circumstances surrounding Bitcoin's creation, its story, and distinctive features. While it's possible that other digital assets may expand their market share relative to Bitcoin and potentially overtake it, developing a superior version of Bitcoin that retains its one-of-a-kind features as a digital store of value seems highly unlikely in the near future. Recommended Reading: <a href="https://coinstash.com.au/blog/bitcoin-dominance-explained" rel="noopener noreferrer" target="_blank">Bitcoin Dominance Explained</a><h3>Myth #5: Bitcoin is Bad for the Environment</h3>Environmental sustainability has been a key topic in the ongoing debates over Bitcoin (BTC) mining, with many critics questioning the energy consumption of the biggest cryptocurrency in the world. However, recent research has indicated that the reality is very different from the perception shared by the media. A considerable portion of Bitcoin's Proof of Work (POW) relies on renewable energy sources, such as wind, hydro, and solar power. Recent research has shown that the Bitcoin mining industry uses <a href="https://bitcoinminingcouncil.com/bitcoin-mining-council-survey-confirms-year-on-year-improvements-in-sustainable-power-mix-and-technological-efficiency-in-q4-2022/" rel="noopener noreferrer" target="_blank">58.9% sustainable energy in its operations.</a>&nbsp; It can even be argued that the economic incentives intrinsic to Bitcoin mining are driving sustainable energy innovation, as miners constantly strive to boost profits by reducing electricity expenses—in a world where renewable energy is swiftly becoming the most cost-effective option. The industry is increasingly seeking greener energy sources and more efficient crypto mining methods. Bitcoins energy consumption and carbon footprint cannot be examined in a vacuum. It's important to consider Bitcoin's relative energy consumption against the industries with which it is competing, like the traditional financial systems and gold. <a href="https://ark-invest.com/search-tags/blockchain/" rel="noopener noreferrer" target="_blank">Research by New York-based Ark Investment Management</a> reveals that "Bitcoin is much more efficient than traditional banking and gold mining on a global scale."<h2>Top 5 Crypto Myths and Misconceptions</h2><h3>Myth #1: Cryptocurrencies are Only Used for Illicit and Criminal Activities</h3>One long-standing and widespread myth surrounding digital currencies is their association with illegal activities. The perceived anonymity and decentralised nature of crypto have given rise to concerns that they facilitate criminal activity. However, neither blockchain nor cryptocurrencies are inherently illicit, just as fiat currencies aren't inherently illicit despite sometimes being used for illegal purposes. All monetary assets and technologies, including cash, the internet, social media, and mobile phones, have the capacity to be used for both good and bad purposes. In reality, the majority of crypto transactions are carried out for legitimate and legal purposes. In fact, according to Chainalysis—a company that assists investigators in cryptocurrency crimes with blockchain data analysis— in 2022, a mere <a href="https://blog.chainalysis.com/reports/2023-crypto-crime-report-introduction/" rel="noopener noreferrer" target="_blank">0.24% of all cryptocurrency transaction volume was linked to illicit activities.</a><h3>Myth #2: Digital Currencies Are a Scam</h3>Cryptocurrencies have gained acceptance as a valid means of exchange among many retailers and merchants. Individuals are using them for personal transactions, and governments are working on ways to regulate them. Most cryptocurrencies do not have programming, code, or malicious intent designed to swindle money from users. However, scams do exist in the cryptocurrency world, as they do in any other financial investment area. These scams are less about the assets themselves and more about the individuals involved – the deceitful fraudster and the unsuspecting victim. For instance, <a href="https://coinstash.com.au/blog/common-crypto-scams" rel="noopener noreferrer" target="_blank">social media giveaways, phishing, romance scams and ICO rug pulls</a> have become increasingly popular.&nbsp; Despite the presence of scams, the vast majority of cryptocurrency transactions are legitimate, and regulatory enforcement continues to evolve to protect users and consumers. It's essential to remember that the potential for scams in the crypto world is not a reflection of the nature of cryptocurrencies themselves but rather the actions of malicious individuals exploiting the system. For a more in-depth view, read our article: <a href="https://coinstash.com.au/blog/common-crypto-scams" rel="noopener noreferrer" target="_blank">5 Common Crypto Scams and How to Avoid Them</a><h3>Myth #3: Cryptocurrencies aren’t Secure</h3>Cryptocurrencies are built on the foundation of blockchain technology, a distributed database secured with advanced encryption techniques. As transactions occur, they are added to the blockchain, which consists of a series of connected blocks. A network of automated systems validates the transaction data, making it extremely difficult to change the information and "steal" cryptocurrency. The real vulnerability lies in how cryptocurrency is accessed and stored, such as in cryptocurrency wallets or centralised exchanges that facilitate transactions. While sending cryptocurrency between users is secure, the platforms and software used to store and access it can be hacked or tampered with. Hence, it's crucial to choose a reliable and trusted cryptocurrency exchange like <a href="https://coinstash.com.au/" rel="noopener noreferrer" target="_blank">Coinstash</a>. Recommended Reading: <a href="https://coinstash.com.au/blog/crypto-dollar-cost-averaging-dca" rel="noopener noreferrer" target="_blank">Crypto Dollar Cost Averaging Explained</a><h3>Myth #4: Cryptocurrencies are mainly used for speculative gambling</h3>Cryptocurrencies like Bitcoin have experienced significant price volatility over the last decade, which has led some critics to label them as purely speculative assets. However, this volatility is a natural feature of new and emerging markets rather than a flaw in the crypto market. As an asset class, cryptocurrencies are still in their early stages of rapid growth, with many cryptocurrency assets being relatively young and still in the process of price discovery. This means that the market is working to determine their fair value, which can lead to price fluctuations. While certain aspects of thecrypto ecosystem are used for speculation, much of the underlying technology is reshaping the financial system as we know it. Cryptocurrencies enable various types of payments for goods and services, including micropayments, peer-to-peer transactions and cross-border payments. Projects like <a href="https://coinstash.com.au/buy/ETH" rel="noopener noreferrer" target="_blank">Ethereum (ETH)</a>, <a href="https://coinstash.com.au/buy/sol" rel="noopener noreferrer" target="_blank">Solana (SOL)</a> and <a href="https://coinstash.com.au/buy/bnb" rel="noopener noreferrer" target="_blank">Binance (BNB)</a> also support use cases such as lending, yield generation, and the buying and selling of non-fungible tokens (NFTs). By providing basic financial services to unbanked or underbanked individuals, cryptocurrencies can be a powerful force for financial inclusion and equity. Recommended Reading: <a href="https://coinstash.com.au/blog/crypto-volatility-explained" rel="noopener noreferrer" target="_blank">Crypto Market Volatility Explained</a><h3>Myth #5: Cryptocurrencies are a passing Fad</h3>There was a time when computers, the internet, and email were mere curiosities for tech enthusiasts. Fast forward to today, and they've become indispensable in our daily lives, both personally and professionally. The next few decades for cryptocurrencies might be hard to predict, but the impact of the technology they've introduced is undeniable. In fact, <a href="https://www.stuff.co.nz/business/opinion-analysis/300523741/cryptocurrency-adoption-outpaces-the-early-internet" rel="noopener noreferrer" target="_blank">the adoption of cryptocurrency has outpaced even the internet</a>, which was previously the fastest-adopted technology in history. Far from being a fleeting trend, Bitcoin and the broader crypto space have not only survived but thrived for 14 years, establishing formidable network effects. While it remains to be seen if cryptocurrencies will completely replace traditional currencies, their ongoing evolution is evident. The emergence of DeFi applications, NFTs, stablecoins, and regulatory advancements all signal a promising future for the world of cryptocurrencies.<h2>Invest in over 1,000+ Cryptocurrencies with Coinstash</h2>As one of Australia's leading cryptocurrency platforms, we understand the power of crypto and its role in shaping the digital age. And with our user-friendly exchange, it's easier than ever to get started. So why not explore the exciting world of crypto with Coinstash today? With our feature-packed app and industry-leading security practices, you can start diversifying your portfolio today. Simply sign up to buy, sell, and trade over 1,000+ digital assets in minutes. <a href="https://coinstash.com.au/auth/signup" rel="noopener noreferrer" target="_blank">Click here to sign up for FREE!</a> <h2>FAQs</h2>

Common Bitcoin and Crypto Myths Debunked

Cryptocurrency market capitalisation is a valuable metric used to gauge the size and popularity of a cryptocurrency, and evaluate its value in the market. Understanding market capitalisation, how it's calculated, and the difference between small, medium, and large cap cryptocurrencies is essential for crypto traders and investors to make more informed decisions about their investments. Read on to get the details.&nbsp;<h2>What is Crypto Market Cap?</h2>Crypto market capitalisation, often referred to as “market cap”, is a measure of the total value of all the coins or tokens in circulation. It is a commonly used metric for traders and investors to assess the overall value of a cryptocurrency and its potential for growth. <h2>How is Market Cap calculated?&nbsp;</h2>Market Cap is calculated by multiplying the current market price of an asset by the number of coins or tokens in circulation.&nbsp; Current Price X Circulating Supply = Market Cap Using Bitcoin as an example:US$21,728 (Current Price) X 19,290,231 (Current Circulating Supply) = US$419,154,410,350 (Market Cap), at the time of writing. This can also be referred to as the total value of all Bitcoins.&nbsp; Thankfully, websites like <a href="https://coinmarketcap.com/" rel="noopener noreferrer" target="_blank">CoinMarketCap</a> and <a href="https://www.coingecko.com/" rel="noopener noreferrer" target="_blank">CoinGecko</a> list all the crypto market caps in real time, so you don’t have to crunch the numbers yourself.&nbsp; Market cap can also be applied to measure the total capitalisations of all cryptocurrencies in existence. The total crypto market cap is currently over <a href="https://coinmarketcap.com/charts/" rel="noopener noreferrer" target="_blank">US$1.1 trillion</a> as crypto adoption continues to grow.&nbsp;<h2>Why is Market Cap important?</h2>Price is just one way of measuring a cryptocurrencies worth, but it can be misleading, especially for new investors. Market Cap paints a more complete picture and is a more comprehensive measure of value as it helps illustrate how the world values a particular cryptocurrency and compares its dominance in relation to competing crypto assets. This metric helps traders and investors make inferences about the risk profile of a coin and its potential for long-term growth. Let’s look at an example of two fictional cryptocurrencies to demonstrate:-If Crypto A is worth $1 per coin and has 500,000 coins in circulation, it’s market cap is $500,000- If Crypto B is worth $2 per coin and has $100,000 coins in circulation, it’s market cap is $200,000&nbsp;-As you can see, even though a single coin of cryptocurrency B may be worth more than one of Cryptocurrency A, Cryptocurrency A’s market capitilisation is over double its competitor.&nbsp;<h2>Crypto classification by Market Cap</h2>Cryptocurrencies are generally classified into three main classes based on their market cap:<h3>Small-cap</h3>Small-cap cryptocurrencies tend to have market caps under US$1 billion. These assets are considered to carry the highest levels of risk and can be highly volatile, as they usually have less exchange support and lower volume. Many new cryptocurrency projects - such as <a href="https://coinstash.com.au/buy/IMX" rel="noopener noreferrer" target="_blank">IMX</a>, <a href="https://coinstash.com.au/buy/SNX" rel="noopener noreferrer" target="_blank">SNX</a> and <a href="https://coinstash.com.au/buy/CHZ" rel="noopener noreferrer" target="_blank">CHZ</a> - fall into this category<h3>Medium-cap</h3>Medium-cap cryptocurrencies range between US$1 billion to US$10 billion in market cap. These cryptocurrencies are generally considered less risky than small-cap assets, but still offer potential for growth and high reward. Medium-cap cryptocurrency examples include <a href="https://coinstash.com.au/buy/AVAX" rel="noopener noreferrer" target="_blank">AVAX</a>, <a href="https://coinstash.com.au/buy/LINK" rel="noopener noreferrer" target="_blank">LINK</a> and <a href="https://coinstash.com.au/buy/XLM" rel="noopener noreferrer" target="_blank">XLM</a>.&nbsp;<h3>Large-cap</h3>Assets with market caps greater than US$10 billion are considered large-cap cryptocurrencies. They are generally regarded as lower-risk investments since they have been well established in the market. Large-cap cryptocurrencies include some of the most well-known cryptocurrencies like <a href="https://coinstash.com.au/buy/BTC" rel="noopener noreferrer" target="_blank">Bitcoin</a>, <a href="https://coinstash.com.au/buy/ETH" rel="noopener noreferrer" target="_blank">Ethereum</a> and <a href="https://coinstash.com.au/buy/XRP" rel="noopener noreferrer" target="_blank">XRP</a>.&nbsp;<h2>Investment Considerations</h2>While market cap is a valuable metric, it shouldn’t be used in isolation when evaluating the potential of a cryptocurrency. There are many factors that need to be taken into consideration when doing your research to make a more informed investment decision. Some of these include: -Fully diluted value-Trading volume and liquidity-Utility/use-case of a project-Community and team behind it-The white paper and future road map<h2>How to invest in Crypto with Coinstash</h2>Want to start crypto investing but not sure how? The easiest way to start your crypto investment journey is with an online exchange like Coinstash. With low fees, low spreads and a feature-packed app, Coinstash makes it simple and safe to buy, sell and hold crypto in Australia. Not yet a client? <a href="https://coinstash.com.au/auth/signup" rel="noopener noreferrer" target="_blank">Click here to sign up for FREE!</a>

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<h2>A Simple Way to Invest in Australia’s Top Crypto Projects</h2>Brisbane, Australia – September 5, 2023 – Coinstash, one of Australia's most trusted cryptocurrency exchanges, is thrilled to unveil the Aussie Bundle, the latest innovation in its Bundle feature lineup. This first of its kind investment package offers users the opportunity to easily invest in top-tier crypto projects that are proudly Australian. The Aussie Bundle is a collaborative effort between Coinstash and Investified, a leading crypto education platform in Australia.<h2>About the Aussie Bundle</h2>The Aussie Bundle was designed to offer Australian investors a simple way to invest in and support the best of the Australian crypto industry. It comprises a curated mix of coins that have been developed by Australian teams and projects. With heavyweights from the Gaming realm, Decentralised Finance (DeFi), and the burgeoning Metaverse included, the Aussie Bundle serves as a one-stop solution for investors seeking diversified yet focused exposure to Australia's most promising crypto ventures.<h2>The Best of Australia</h2>Fueled by a joint ambition to amplify Australia's significant contributions to the global crypto ecosystem, Coinstash and Investified collaborated to bring the Aussie Bundle to life. "Creating this bundle is a reflection of our shared belief in Australia's burgeoning crypto sector and its global impact. Together, we wanted to provide investors from our communities and beyond with a simple one-click solution to get exposure to the very best of the Australian crypto industry", expressed Grant Collins, CMO of Coinstash.<h2>How the Aussie Bundle Works</h2>Investing in the Aussie Bundle is simple. Available exclusively on Coinstash’s user-friendly app and platform, users can invest in the Aussie Bundle with AUD in one simple transaction. Once purchased, each asset within the Bundle is equally allocated to your portfolio, saving you the time and energy of buying each coin individually. One click, multiple investments - it's that simple.&nbsp;<h3>About Coinstash&nbsp;</h3>Coinstash is one of the most well established and trusted cryptocurrency exchange platforms in Australia, with over 25,000 registered clients. Founded in 2017, Coinstash is proudly Australian owned and operated, and AUSTRAC registered.&nbsp; With support for the most assets in Australia, Coinstash makes it simple and safe to buy, sell, earn, and trade over 1,000+ cryptocurrencies. With competitive fees, low spreads, and a feature-packed app, Coinstash is the go-to platform for all your crypto needs in Australia. For more information, please visit <a href="https://www.coinstash.com.au/" rel="noopener noreferrer" target="_blank">https://www.coinstash.com.au</a>.&nbsp; <h3>About Investified</h3>Investified is a leading player in the Australian cryptocurrency and stock education space. Co-founder of Investified, Zac Povolny, shared his delight about co-creating the Aussie Bundle, saying “We’re excited to create a bundle that represents the best Australia has to offer in the crypto arena. Despite often being overlooked, the Australian crypto sector is a significant global force, home to several world-renowned projects, and we're delighted to work with Coinstash to give investors an easy way of getting exposure to it." For additional information, please visit <a href="https://investified.com.au/" rel="noopener noreferrer" target="_blank">investified.com.au</a>. <h3>Media Contact:</h3>Chris GrahamGrowth Marketing Manager, Coinstashchris.g@coinstash.com.au

Coinstash Launches the ‘Aussie Bundle’ in Collaboration with Investified

We’re excited to share our new collection of backgrounds and wallpapers, exclusively crafted for the Coinstash Community.This collection features both desktop and mobile backgrounds, inspired by the colours of our newly updated brand.Choose your top picks from the collection below.Give them a try and snap a photo of your fresh new background in action. Tag us and include #CoinstashColours in your post. We're eager to see how you display your colors!<h2>Wallpaper Download Links </h2>

Coinstash Logo Wallpaper Purple Background with Laptop and Mobile View

Coinstash Purple Wallpaper: <a href="https://drive.google.com/file/d/1MMBTqPcuDOhqY63bDibW9N-mGjYqVx6_/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">DESKTOP</a> | <a href="https://drive.google.com/file/d/12r8ZoEO98q6B4xkNsWHBomRlsjttNI_r/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">MOBILE</a>

Coinstash Logo Wallpaper White Background with Laptop and Mobile View

Coinstash White Wallpaper: <a href="https://drive.google.com/file/d/1vVnIhJxyP4hC-W6J9LV9CCrZEdtdKfNV/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">DESKTOP</a> | <a href="https://drive.google.com/file/d/1DxPDtPtgm7djMFqxlITwb5whSomXFBRB/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">MOBILE</a>

Coinstash Logo Wallpaper Grey Background with Laptop and Mobile View

Coinstash Grey Wallpaper: <a href="https://drive.google.com/file/d/16oM6Fy9SmsulOSxKpmKBiv-c-40lF7T-/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">DESKTOP</a> | <a href="https://drive.google.com/file/d/11pad4aB8Efx_j2ef3jdYgBXIHXa6B2TS/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">MOBILE</a>

Coinstash Logo Wallpaper Black Background with Laptop and Mobile View

Coinstash Black Wallpaper: <a href="https://drive.google.com/file/d/1Tw7piANPqX0g5NTebK2Cp8-vAfUiM4sE/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">DESKTOP</a> | <a href="https://drive.google.com/file/d/1GaJdO5APUjoobY2nCz7Bmuz3dK1azSha/view?usp=sharing" rel="noopener noreferrer" target="_blank" style="font-size: 16px;">MOBILE</a>

New Branded Backgrounds for the Coinstash Community

Today we are excited to reveal the official brand refresh of Coinstash. We've upgraded the Coinstash you've come to know and trust, with a revitalised look, an enhanced web app, and an even more intuitive mobile experience, all designed to reflect our evolving vision and mission.&nbsp;<h2>Why Refresh the Coinstash Brand?&nbsp;</h2>The Coinstash journey began in 2017, when the cryptocurrency industry was in its infancy. Bitcoin was still emerging, Ethereum was taking its first steps, and many other blockchain concepts were just budding concepts on white papers. However, the revolutionary potential of blockchain technology was evident.&nbsp; Inspired by this potential, we saw an opportunity to provide the Australian market with a user-friendly platform to easily access and exchange their cryptocurrencies. Our mission was clear - to bridge the gap between traditional finance and the burgeoning world of cryptocurrencies. Fast forward to today, and Coinstash has made significant progress. Serving over 25,000 users, raising two successful crowd-sourced funding rounds, acquiring an AFS licensee company, and gaining numerous accolades, we've become one of Australia's foremost and most trusted crypto exchanges. But we aren't resting on our laurels. The crypto landscape has grown and changed immensely in a few short years. We've witnessed major crypto market swings, Bitcoin's (BTC) historic peak at US$69,000, the rise of Stablecoins, Decentralised Finance (DeFi), Non-Fungible Tokens (NFTs) and the Web3 space.&nbsp; As the industry evolves and matures, we embrace the need to adapt and grow alongside it. We are witnessing an exciting shift in the crypto space, with more seasoned traders and investors entering the market from traditional finance, demanding a higher degree of proficiency and trustworthiness from their chosen crypto trading platforms. Built by investors, for investors, Coinstash is more than just a crypto exchange - we are a community with a shared belief in the power of crypto to change the world. Together, we strive to empower investors to unlock the potential value of crypto to build a new, better financial future for all. To meet these shifting market dynamics, we've embarked on a strategic brand rejuvenation. This includes modernising our brand assets to resonate with our forward-looking vision and better reflect the aspirations and needs of our increasingly sophisticated clientele. This brand evolution is our commitment to meet and exceed the demands of the rapidly changing crypto industry, now and in the future.<h2>What’s Next for Coinstash?</h2>The launch of our refreshed brand is an important milestone, but it's just the beginning of an ambitious journey. This revamp is the first of many strategic steps in our product roadmap, charting the course towards delivering the best crypto investing experience possible. Coinstash will continue to launch the next generation of crypto trading and investing products. In the coming months, you can expect a host of new innovative offerings, including Coinstash Private, Automations, Derivatives and more, designed to take your crypto investing to the next-level.&nbsp; So, welcome to the new era of Coinstash. We are excited for you to join us on our journey. Together, let's build the future of crypto. The Coinstash Team

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