Kim Grauer, die Forschungsleiterin von Chainalysis, erklärt im Interview mit Cointelegraph, warum Hackerangriffe auf Krypto-Projekte aktuell so erfolgreich sind wie nie zuvor.
CoinStats Review: its pros, cons, and how it works
With the massive increase of cryptocurrencies today, it is becoming harder and harder for crypto investors to independently keep track of every cryptocurrency on their crypto portfolio and that is where crypto portfolio trackers like CoinStats come in.
CoinStats allows crypto investors to manage their crypto and DeFi portfolio from one place. It eliminates the need to jump from your crypto wallet to your crypto exchange of the DeFi platform to manage your crypto holdings, transactions, and trades.
Here is a comprehensive review of how this platform works including its pros and cons.
How it works
It is no doubt that CoinStats makes it easy to track cryptocurrencies on the market thus making it a great tool for crypto investors, especially those focused on areas of Ethereum and decentralized finance (DeFi). Besides being compatible with several crypto exchanges, it also allows you to sync your MetaMask, Ledger, and any other Ethereum-compatible wallet directly with the tracker.
All you need to start using CoinStats is to register for an account. You can choose to use the free plan which offers many free features although to get the most from the platform, you can choose between CoinStats Pro and CoinStats Premium plans. CoinStats has Android and iOS apps so you don’t have to worry if you don’t have access to a desktop or personal computer; you can access your account via a mobile device.
Once you create your account and sync it with your crypto wallets and crypto exchanges, you can access several tools like transaction analytics, fast trading, and instant notifications. You also get up-to-date news which is a big plus for traders since it gives an outlook of what to expect from the market movements.
CoinStats also has its own crypto wallet called CoinStats wallets that allows to access several decentralized finance (DeFi) features including staking.
CoinStats pricing
CoinStats offers a lot of powerful features for free. However, to unlock additional features, users can choose between the two paid plans: CoinStats Pro and CoinStats Premium.
The CoinStats Pro plan starts at $3.49 per month and allows users to connect up to 10 cryptocurrency exchanges and 10 different crypto wallets. Users are also allowed to track up to 1,000 transactions per month. There is also access to coin insights including propriety reviews and analysis.
CoinStats Premium on the other hand starts at $13.99 per month and allows users to connect an unlimited number of exchanges and wallets. Users can also track up to 100,000 transactions per month. Then, in addition to market insights, users also get personal account managers to help with the crypto portfolio.
There is an additional option called CoinStats Community that allows cryptocurrency trading communities to access special packages of the features included in CoinStats Pro and CoinStats Premium accounts at a discounted rate. This could be a big plus, especially if you want to save some money.
Exchanges supported by CoinStats
CoinStats supports a lesser number of crypto exchanges compared to what its competitors like Blockfolio support. The exchanges that CoinStats currently supports include Binance, Bitfinex, BitMax, BitMEX, Bitso, Bitstamp, Bittrex, CEX.io, Coinbase, FTX (native support), Gemini, HitBTC, Huobi, IDEX, Liquid, Kraken, Kucoin, Poloniex.
CoinStats, however, supports any type of trading especially if it touches on Ethereum or Ethereum-based dApps.
Pros and Cons of CoinStats
Pros
It offers free and paid plans thus allowing you to choose what to use depending on the features you want to use.
It allows any type of crypto trading.
It has mobile apps for both Android and iOS devices which allows users to track their crypto portfolios on the go.
It supports a majority of Ethereum-based tokens and crypto wallets making it a go-to crypto portfolio tracker for those involved with altcoins.
It provides 24-hour cryptocurrency reports which are very useful for daily recaps.
Users can get discounts on paid plans (CoinStats Pro and CoinStats Premium) through the CoinStats Community.
It provides users with unrivalled data and analytics that help them to trade and correct mistakes.
It provides up-to-date alerts allowing traders to capitalize on market trends.
It allows users to stake their crypto assets through the CoinStats wallet and earn staking rewards of up to 20% APY.
Cons
The free plan does not allow access to some key features meaning you have to choose one of the paid plans to access these features.
CoinStats does not support many major BTC wallets.
CoinStats does not support many crypto exchanges compared to its competitors.
Why you should use CoinStats
If you are focused on Ethereum-based altcoins then CoinStats could be a good choice for a portfolio tracker. CoinStats has focused on the Ethereum ecosystem which has set it apart from most of its competitors who have generalized their approach.
You can basically add any Ethereum wallet to your CoinStats account and trade or invest in any ERC-20 token.
CoinStats also does not limit the types of crypto trades or investments thus providing a fair playing ground especially if you want to diversify your crypto investment. You also get some market insights including analysis to help you invest better in crypto.
Final verdict
While CoinStats is not the most popular crypto portfolio tracker, it has made a name for itself within the Ethereum ecosystem making it one of the best portfolio trackers for crypto investors focused on ERC-20 tokens.
Besides the wide variety of features and relatively affordable paid plans, CoinStats have mobile apps that allow users to track their portfolios on the go.Ethereum
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Aave jumps by a weekly 10%. Is it attractive now?
Aave (AAVE/USD) is currently trading for $81.59. The price represents a 10.32% increase in the past week and a 0.64% daily loss. Despite recent volatility in the crypto market, AAVE price is on an upward trajectory.
Although the sentiment could hold, the total value locked in the DeFi blockchain is on a decline. AAVE’s TVL has dipped 7% in the past week to $4.82 billion. The protocol is currently ranked fourth on DefiLlama in the TVL list, deployed across seven networks.
Besides, the whale investor activities seem not to favour AAVE. The latest data from whale alert shows that Tron’s founder, Justin Sun, transferred $50 million of USDT from Aave protocol to an anonymous wallet. Aave’s transactions in the past day have also declined. It is down 12% to $128 million in the period.
Some other fundamentals in the Aave ecosystem relate to the GHO stablecoin. The network recently released a whitepaper for digital assets. AAVE described GHO as a ‘flexible, decentralised, configurable token designed to maintain a stable value.’ From the technical outlook, AAVE struggles to clear a key resistance level.
AAVE faces resistance at $81
Source: TradingView
According to the daily price outlook above, AAVE moved from $70 on October 14 to the current price of $82. The price is a significant level that has been tested severally. Despite the MACD looking bullish with green histograms, AAVE has entered the overbought zone. Thus, it may be due for a retracement.
Concluding thoughts
Despite AAVE currently looking bullish, it is facing a hurdle at $81. However, it could not be the most appropriate price entry. First, the DeFi crypto is overbought and needs enough buyers to break above the level.
Although the MACD level looks green, AAVE is not out of the woods yet. The price must clear the current resistance to welcome a bullish sentiment. Otherwise, it could retest the immediate support level of $69.
Where to buy AAVE
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Buy AAVE with Capital.com today
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AVAX to $10? A bleak technical outlook shows why buyers have to keep off for now
Avalanche (AVAX/USD) has lost 90% of its value since the November 2021 high. The token has been falling alongside other major cryptocurrencies in the bear market. The bear momentum is still high, with the cryptocurrency trading at $15. In the past one week, AVAX has lost more than 5% and is looking to head to $10. What’s happening?
Avalanche has been touted as an alternative platform to Ethereum for DeFi and NFTs. However, the two nascent blockchain sectors have been hit this year. According to data by Dune Analytics, NFT’s weekly trading volume has dropped by a massive 98% this year. The total trading volume at the end of January 2022 was $6.2 billion but now stands at $114.
NFTs and DeFi decline has been a significant blow to blockchains like Avalanche. That’s because the blockchain had crafted a name around the evolving sectors. Consequently, it may take time before investors flock back, suggesting that a bear market could last longer. Going by the recent decline, bears are in control of AVAX, with a lower price on the horizon.
AVAX price outlook as momentum weakens
Source – TradingView
The daily chart shows AVAX trades on a system of lower lows and lower highs on a weak momentum. The MACD indicator is deep in the bear zone.
At the current level, AVAX is trading at a potential pivot point. However, momentum is weak, giving bears a chance to take the cryptocurrency lower.
What next for AVAX?
With the weak momentum, we rate a reversal chance at $15 very low for AVAX. The cryptocurrency is not a buy since it may continue to slide, finding support at $10. The support is crucial since it marks the zone where the crypto boom started in 2021.
Where to buy AVAX
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
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Ethereum price outlook: what will drive it from the bear market?
As the clock ticks, the more certain we become that a bear market is here to last. Recovery looked to have started in June and July, but the elephant in the room remains – macro uncertainty.
Consequently, Ethereum (ETH/USD) looked on its way up as it tapped $2,000 in August, doubling in value from the July lows. However, the gains have been shuttered, and ETH trades at merely $1262. That begs the question, when will the cryptocurrency bear market end?
Galaxy Digital CEO Mike Novogratz has weighed on the matter. According to him, Ethereum and other altcoins will depend on innovation to get out of the bear market. He also says that, to some extent, the macro conditions will determine. However, for Bitcoin, the CEO says the macro conditions rank first.
The comments by Novogratz come when all the markets are under pressure. Red-rot inflation and economic tightening have been the main cause. The macro factors have the upper hand in the bear market. In our assessment, they will determine the medium-term market recovery for all cryptocurrencies. Nonetheless, as Novogratz notes, innovations around DeFi and NFT will determine the long-term growth and recovery of Ethereum and altcoins.
Aside from the fundamentals, ETH looks stable, around $1250. However, buyers lack the power to take cryptocurrency to the next level.
Ethereum holds steadily to $1250
Source – TradingView
Technically, ETH trades at $1276, slightly above the support of $1250. Although that signals stability for the cryptocurrency, buyers have been unable to take it higher. Instead, the token has mainly been consolidating at the support.
Turning to the RSI, the reading is below the midpoint but not in the oversold territory. The reading suggests that bears are also active for ETH at the current level.
Should you buy ETH?
Ethereum price lacks a directional movement. The price action suggests a strong will by bulls to take ETH higher, but the macro uncertainty weighs on the token. We only encourage buying and holding for long-term gains on ETH.
Where to buy ETH
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Skilling
Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.
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