erc721 tokens NFTs ethereum

What is ERC721? It is an open standart describing how to build non-fungible tokens on the Ethereum Blockchain. ERC721 tokens are unique and collectable unlike most of the tokens. In addition to that, all ERC721 tokens are different from each other so it is so hard to trade them.

crypto collectibles ethereum erc721
What is Fungible Exactly?

Merriam-Webster.com defines it as ‘’being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account’’.

To exemplify, let’s say that you have $15 cash in your hand and go shopping. When you pay, you give the money to the cashier because the products you bought have a value of dollars. In other words, when you go to the same market with $15 dollar bill for Nike products, you will not be able to buy anything because they have different characters.

How important are ERC721 tokens?

Bitcoin or Ethereum and fiat currencies like USD and Euro are not unique so people can exchange them easily. For example, a 5 dollar bill has a value of 5 dollars or the same value of BTC or ETH. Moreover, such coins (Bitcoin, Ethererum etc) can be divided into small pieces (0,5 BTC or 0,0005 ETH). However, it is impossible to divide the ERC721 tokens.

The most popular project that has been created based on ERC-721 standard is Cryptokitties, a game to buy and sell unique cats. Decentraland and EnjinCoin are the other popular projects using the ERC721 standard.

There are also different areas that use ERC721 tokens such as Realty and Artworks etc. If you are interested in buying or selling the unique coins, you can visit Opensea.io, the biggest market for those type of digital items.

crypto.com cryptocurrency wallet mobile wallet

Crypto.com (MCO) is a payment platform that uses its own cryptocurrency (MCO). In addition to that, Crypto.com is also a company that offers a Visa credit card to buy cryptocurrencies and money. The offered products are:

  • MCO Visa Card,
  • Crypto.com (MCO) Token,
  • Mobile Wallet App,
  • MCO Invest Services.

!!!ATTENTION: Both registered users and their referrals get MCO token valued $50.

Crypto.com offers different type of credit cards based on the amount of MCO token on the users account and all cards provide to trade and spend cryptocurrencies in parallel with fiat currencies. For example, in the first series of cards issued in Singapore, the Singapore dollar (SGD) serves as the card’s “basic” currency together with the Bitcoin balance which can be used to top up the SGD via a bank transfer, debit or credit card, or crypto. There is no annual payment for the cards.

Midnight Blue Card
  • 1% MCO token rewards on ALL card spending,
  • No fee for $200 ATM withdrawal per month (2% commision thereafter),
  • $2,000 monthly exchange limit between banks (0.5% commission thereafter).
  • Plastic card
Ruby Steel
  • 2% MCO token rewards on ALL card spending,
  • Free Spotify membership ($9.99 equivalent fee),
  • No fee for $400 ATM withdrawal per month (2% commision thereafter),
  • $4,000 monthly exchange limit between banks (0.5% commission thereafter),
  • Composite metal card.
Royal Indigo & Jade Green
  • 3% MCO token rewards on ALL card spending,
  • Free Spotify account ($9.99 equivalent fee),
  • Free Netflix account ($12.99 equivalent fee -HD, 2 Screens),
  • Loungekey Airport Lounge Access,
  • No fee for $800 ATM withdrawal per month (2% commision thereafter),
  • $10,000 monthly exchange limit between banks (0.5% commission thereafter),
  • Composite metal card.
Icy White & Rose Gold
  • 4% MCO token rewards on ALL card spending,
  • Free Spotify account ($9.99 equivalent fee),
  • Free Netflix account ($12.99 equivalent fee -HD, 2 Screens),
  • Expedia discount up to $50,
  • MCO Private (click here for privileged details),
  • Loungekey Airport Lounge Access (+1 Guest),
  • No fee for $800 ATM withdrawal per month (2% commision thereafter),
  • $10,000 monthly exchange limit between banks (0.5% commission thereafter),
  • Composite metal card.
Obsidian Black
  • 5% MCO token rewards on ALL card spending,
  • Free Spotify account ($9.99 equivalent fee),
  • Free Netflix account ($12.99 equivalent fee -HD, 2 Screens),
  • Expedia discount up to $50,
  • Airbnb discount up to $100,
  • MCO Private (click here for privileged details),
  • Loungekey Airport Lounge Access (+1 Guest),
  • No fee for $800 ATM withdrawal per month (2% commision thereafter),
  • $10,000 monthly exchange limit between banks (0.5% commission thereafter),
  • Composite metal card.

Crypto.com has both website and app for iOS and Android to follow and buy cryptocurrencies online. AS A REMINDER, both registered users and their referrals get MCO token valued $50.

Click here to register on Crypto.com

According to our previous Bitcoin Price Prediction, we have predicted three support areas (click here to see previous prediction). During a week, the price kept going down by our first support area then slightly rose. So, ones who waited the price to fall have won. It seems to us that Halving situation does not allow the price to fall deeply (click here to see the countdown). Economical and stock market problems in the world (especially in the USA recently) may lead people to look for a safe investment. Limited moneys such as Bitcoin, Gold and Silver are the most important ones for that. This is because gold and silver have always been money for thousands of years and Bitcoin is a new decentralized concept for money and no one can manipulate it. After those small information, let’s start our Weekly Bitcoin Price Prediction.

Interpretation: The price is almost at the first support area as we drew last week. Short term moving average (blue line) is below long term moving average (red line). Moreover, the price is above 100-day moving average (purple line). RSI started to rise slightly during a week.

Bitcoin Price Prediction: The short term-long term moving average situation states that the price will keep falling. 100-day moving average line is a good support point for the fall. If the price turns into a start channel, we may possibly see a cup handle formation (orange and purple arches).

As long as the stock market goes down in the world, it is possible to see that invest in Bitcoin rises and cup handle formation may possible be formed in 2-3 weeks. In case of fall, 100-day moving average line is a good stop-loss point. Below 100-day moving average, unwanted huge falls can be possible.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

Bitcoin started to fall as we predicted last week (click here to see previous prediction). The rising channel had been broken down last week already. Therefore, the price kept falling up to $8,800 for now. In our opinion, that fall is normal because people who bought Bitcoin earlier started to take their profit. The good news and what makes Bitcoin still trustworthy is that no political issue or epidemic (corona virus) can affect the price directly. So, this fall is not related to falls in the stock markets recently. Halving situation seems like a reason to rise for middle-term investors (click here to see the countdown). Let’s start our Weekly Bitcoin Price Prediction (27/02/2020) to see what is waiting for us.

Interpretation: As we stated before, we are not in the rising channel anymore (turquoise line). In addition to that, short-term moving average (blue line) is below long-term moving average (red line). RSI is also falling with the falling price.

Weekly Bitcoin Price Prediction: The purple, green and orange boxes show where the price felt before and started to rise later. So, our opinion is that the price may fall by those prices again and then start to rise. Because of that, the price in those orange, purple and green boxes are support values.

For ones who want to buy Bitcoin, it is a smart idea to wait until RSI falls by the red box. When the RSI is in the red box, the price trend may possibly change from falling to rising trend.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

Bitcoin price started to fall as we have predicted (click here to see our previous prediction). There is no exact reason for that fall. In our opinion, Bitcoin has risen enough for a while and we may start to see some falls because people want to get their profit. If you put our stop-loss point, that fall did not affect you badly. Halving is still on so rising in the price is a normal position for middle term investment (click here to see the countdown). However, we must know that the halving situation will not affect altcoins directly. So let’s start our Weekly Bitcoin Price Prediction (20/02/2020).

Interpretation: Unfortunately, we are not in the rising channel trend anymore for 2 days (turquoise lines). As we predicted last time, the price has risen up to the purple line then started to fall not breaking the resistance to go up. However, short term moving average (blue line) is still above long term moving average (red line). In addition, RSI decreased breaking its rising trend to fall as well (orange line).

Prediction: Short term moving average (blue line) is still above long term moving average (red line). It means that we are still in rising trend. However, the price is not in the rising trend channel anymore. Therefore, it is smart to wait until the price goes up to the rising channel. In our opinion, the blue rectangular is a good support point as the price has risen to that value and started to rise a couple of times (blue rectangulars).

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

So far, we have been doing very good job for Weekly Bitcoin Price Prediction (click here to see our previous predictions). Obviously, the beginning of 2020 has been profitable for all crypto investors and most of them has earned 30% profit at least. Good thing is that not only Bitcoin but also most of Altcoins increases. Halving situation is still running the market for Bitcoin and price is going up (click here to see the countdown), which effects Altcoins positively as well. However, that rise without good support points may lead to huge falls for Altcoins. Therefore, the investors must always consider a stop-loss value. Then, Let’s start with Weekly Bitcoin Price Prediction (13/02/2020).

Interpretation: The price is still in the rising channel (turquoise lines) and Short term moving average (blue line) is still above Long term moving average (red line). In addition to those, RSI has finally passed 70 and started to form a rising triangle (orange line).

Prediction: The price is at the top of the rising channel (turquoise line) so we may see some falls for 1-2 days if it cannot exceed the channel. However, Short term vs long term moving average situation directly shows a rising trend for longer than 1-2 days. RSI is above 70 and still in the rising trend, which also shows overall rise in price.

As a result, all indicator states a rise so far. However, as you can see from the purple rectangular the price has tried to pass about $10,700-10,800 and failed a couple of times. So, we can consider that as a mighty resistance to pass. In our opinion, BTC will reach that value in this week and then decide where to go. In case of falling, $9,700 is a good stop-loss point according to the rising channel trend.

Our previous Weekly Bitcoin Price Prediction has worked and the price has risen with small falls (click here to see our last week prediction). We can shortly say that the halving event effect is still on and it seems it will continue for a while (click here to see the countdown). So let’s see what we are going to expect for Weekly Bitcoin Price Prediction (06/02/2020).

btc price prediction for 06/02/2020

Interpretation: Rising trend continues with small falls and rises (blue line). In addition, Short term moving average (blue line) has been above Long term moving average (red line) for a while. RSI also keeps its rising trend (orange line) but it seems there is a mighty resistance at 70 because RSI has been trying to exceed that point four times and failed (green line).

Prediction: Our inference from the interpretation above is that the BTC price will keep rising for a while if it exceeds 70 of RSI. So, we must always check RSI rising trend. Following this channel the price can rise by $10,300 and fall by $9,300 (as stop-loss point).

Worse case scenario is that the BTC price has tried to exceed current value before and failed with huge fall (purple square). So, we must also consider this scenario and $9,300 would be a good stop-loss price for precaution.

Our Weekly Bitcoin Price Prediction (06/02/2020) considers those 2 scenarios for next week. Although Rising price trend with rising RSI trend is a good scenario, we should always know that no price rises forever.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

Hi guys, our last Weekly Bitcoin Price Prediction has worked well again and again (click here to see last week predicton). Since last week BTC has fallen by $8,300, then risen by $9,500 and now it is about $9,300. Even our RSI prediction worked very well and it has touched the rising trend line and went up again. We can still consider this rise thanks to halving event on May (Click here to see the countdown). So, let’s start to our Weekly Bitcoin Price Prediction (31/01/2020).

Interpretation: The price keep being above falling-trend channel showed with purple lines and Short term moving average (blue line) is still above long term moving average (red line). Moreover, 100-day moving average (green line) exceeded the top purple line finally and RSI is still keeping its rising trend.

Prediction: As long as Short-Term Moving Average is above Long-Term Moving Average and we are above the falling channel, everything is fine. The current price is at resistance point for now. If it is exceeded by $10,000, we can talk about $10,600 price for short-term and $12,000 for mid-term investment . However, small falls are still possible as we are at resistance point now. Support prices would be $8,900, $8,700 and $8,000. To sum up, BTC price will keep rising with short falls if it exceeds, $10,000. However, $8,700 seems like a good stop-loss point for short-term investment.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.

What are Startup Projects? Startup project is a new company (<5 years old) that plans to get bigger quickly. To do that, the entrepreneurs look for funding to develop their ideas or projects. In turn, the investors funding those entrepreneurs get shares for the project. The more investment the project gets, faster the project starts.

Startup investors actually buy a piece of the company putting down capital for equity. That leads to form a partnership. If the company makes profit, the profit is shared based on the proportion of equity in the startup. However the investors lose their money if the startup fails.

As you know, every good project starts with a small step and then gets bigger. For example, if you had invested some money on Uber, Airbnb, Amazon, Dell, Apple, Microsoft etc… when they were just startup projects, you would have been a billionaire in a few years. 10-15 years ago no one could imagine that ideas such as Uber or Airbnb would value billions of dollars. You should always remember that not all startup projects are successful. Dotcom bubble is the best example for startup project failure. So, startup project investment is always risky and risk management must always be done before investing.

Risk-Reward Relationship

Investing in a project early does not mean that the project will be successful and most startup projects fail. Investors should consider that buying a startup project means buying risk as well. People who invest later buy less risk and so less profit. So, there is high risk-high reward relationship.

What are the risks?

  • Funding: Money is always the key for business. So if a startup project cannot acquire enough funding, the project fails at the beginning. Collecting enough funding is so important for the first step.
  • Market Demand: For business, market demand is also crucial. Before starting a project, investors must learn about market demand very well in order to evaluate if it is worth investing or not. Misjuding market demand may lead to failure or less profit.
  • Talented Employee or Team Members: There are thousands of people who has projects and look for investors. Investing in a project whose team members are not talented enough to conduct will lead to absolute failure. Therefore, before investing, the investors must know the project team members and their experience to decide if they are capable or not for the project.
  • Balance in Growth: All companies wants to grow in time but growing too fast or too slow may lead to failure. Growing too fast would increase staffing costs and market demand. Growing too slow would decrease momentum and miss competition. Therefore, investors must check the companies’ growth plans before investing and there must be logical steps in the plan to decrease the risk for investment.
EXAMPLE with NUMBERS

Facebook: Peter Thiel had invested $500,000 in 2004. After eight years with Facebook IPO, he earned above $1 billion. If an investor had invested in Facebook on first day trading, he would earn up to %650 by 2020.

So it is so crucial that if you plan to invest on a start-up project, you must do your own search without any recommendation coming from outside including experts. Believing that the project would make money in the future, you can invest.

Some websites to see the startup projects:

Netcapital.com: buying or selling stock in startups and private companies.

Republic.co: Lots of small projects are present to invest.

Crowdfunder.com: Big projects are present for ICO or start-up investment.

Indiegogo.com: a rewards-based website providing benefits based on the amount of money.

Investing in a startup project is briefly explained here. If you have further questions, please feel free to ask.

Hi guys, our last Bitcoin Price Prediction has worked well again (click here to see last week predicton). Since last week BTC has risen and then fell by $8,500. As long as we have halving situation on May, rising trend is supposed to continue as well as some short-term fall for arrangement.

Interpretation: As you can see from the price chart, we are still above falling-trend channel showed with purple lines. Short term moving average (blue line) is still above long term moving average (red line). However, the blue line has just changed its trend from rising to falling. In addition, 100-day moving average (green line) has just touched the top of the falling-trend channel line. RSI is in rising trend (orange line).

Prediction: Although short-term moving average is still above long-term moving average, it has been starting to go down for 3 days. So we might see a falling trend for a few days . For this fall, $8,100 is a good support because both 100-day moving average and top of falling-trend channel are at that value. So, it is a good support point. However, we do not expect that much fall unless there is a bad unexpected situation leading to fall. As long as we are not in the falling channel, the trend is always positive to rise. If short-term and long-term moving average intersect, it is possible to see a falling stage trend. As a result, what we think is that the price will fall until RSI touches to the rising trend line (orange line) and then the price start to rise again.

THOSE PREDICTIONS ARE JUST OUR IDEAS AND NOT INVESTMENT ADVICE.