**2021 at A Glance: What Happened in Crypto**


2021 was an incredible year for cryptocurrency. Nearly every coin and token on the market discovered new all-time highs, and cryptocurrency adoption has achieved its highest point in history. In this piece we will look at some of the amazing things that happened within cryptocurrency!

 

**Ethereum**

![erc20.jpg](https://duj27fxoqhxbb.cloudfront.net/erc20_818d2b74fa.jpg)

 

One of the most important events that took place within this last year didn’t happen all at once, but rather gradually, over a long period of time. Ethereum managed to outperform its sole larger peer, Bitcoin. Ethereum’s growth in market capitalization is an economic milestone, as it is indicative of the hypothetical “flippening” event, in which Ethereum eventually surpasses Bitcoin as the world’s most valuable cryptocurrency. Since Ethereum is an open source, smart contract development platform, it may have more overall potential than Bitcoin, which is only used as a store of value beyond its rudimentary smart contract capabilities.

 

**Bitcoin in El Salvador**

![btc thermal mine.jfif](https://duj27fxoqhxbb.cloudfront.net/btc_thermal_mine_96d3d79370.jfif)
*Bitcoin being mined in El Salvador using geothermal energy*

 

Perhaps the most important thing which happened in cryptocurrency was El Salvador’s adoption of Bitcoin as a national currency. It has been long predicted that if one nation were to adopt a cryptocurrency project as national currency, it will only be a matter of time before other nations do the same. In the case of El Salvador, Bitcoin has not only been adopted as government money, it is also being mined in mass quantities, using geothermal energy. The geothermal mining industry has become a major revenue stream for not only El Salvador, but many countries throughout Latin America. 

 

**The Metaverse**

![metaverse2.jpg](https://duj27fxoqhxbb.cloudfront.net/metaverse2_0061b71723.jpg)
*Electric Daisy Carnival in the Roblox metaverse as the first ever digital music festival*

 

One of the most interesting phenomena which occurred within the past year was the degree to which the concept of the metaverse affected cryptocurrency. Although the majority of the metaverse boom occurred right around the end of the year, it still played an important role in how we use crypto, as well as how cryptocurrency is viewed by the public. The way that the metaverse is growing along with cryptocurrency, it is conceivable that gamers may very well be playing videogames on various blockchains rather than various gaming councils.

 

**NFTs**

Over the course of this last year, we have seen a lot of wild things happen. One of the wildest things to occur in 2021 was the rise of the NFT. NFTs can range in use cases from some of the most expensive pieces of digital art with the laziest of design schemes, to more palpable purposes, such as securely transferring legal documents and medical records. This piece for example is the most expensive NFT to have ever been purchased by one individual investor for a whopping $69 Million. 

 

![69 nice.png](https://duj27fxoqhxbb.cloudfront.net/69_nice_365d36afaf.png)
*Most expensive NFT sold to a singular person for $69 Million*

 

NFTs have also become incredibly important to the gaming world, as almost every ownable item within the metaverse is an NFT. Many games, such as Axie Infinity, revolve entirely around NFTs, although we are also seeing NFTs sneak their way into quite a few other, more traditional kinds of videogames, such as Shiny Pokémon.

 

**Conclusion** 

Cryptocurrency has grown to do some truly amazing things within the last year, which is why we here at Killer Whale believe that crypto is going to play an incredibly pivotal role in the future of technology and finance. Although crypto may be incredibly volatile and far less understood by the majority of people than traditional markets, using [**Killer Whale Signals and Strategies**](https://killerwhalecrypto.com/) is one of the safest and most intelligent financial decisions one could choose to make. With crypto growing the way that it is, technical analysis indicates that we may very well be looking at the million-dollar Bitcoin in less than 10 years!

 

# Killer Whale Crypto
**CHANGE THE WAY YOU TRADE**

A lot of growth has happened in crypto over the course of the last year. El Salvador has adopted Bitcoin as a national currency, NFT culture has exploded, and Ethereum managed to outperform Bitcoin. in this piece we look at some of the most profound things that have happened within crypto over the course of the last year.

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2021 at A Glance: What Happened in Crypto

**All About Exchange Tokens**

There are all sorts of coins and tokens in crypto these days. There are store of value cryptocurrencies like Bitcoin. We have Development platforms like Ethereum. We even have stablecoins, such as USDT, that are backed by assets such as gold, silver, and fiat currencies. Amongst this cornucopia of different crypto projects, we also have what is known as exchange tokens. In this piece, we will take a look at this unique and fast-growing sector of cryptocurrencies!

 

**What are Exchange Coins/Tokens**

Simply put, exchange coins and tokens are digital assets created by cryptocurrency exchanges and companies. These assets primarily serve as utility tokens within exchanges and other similar projects. Even though the projects which these tokens represent are primarily based on both the store of value and development cryptocurrencies that we are more familiar with, exchange tokens have evolved into an asset class in and of themselves.

 

**Why are Exchange Coins/Tokens Valuable**

Since each of these cryptocurrency assets are a direct reflection of the exchanges and crypto companies that they represent, they hold an intrinsic value from the moment they are created. Their market cap is directly correlated with the number of active users that are using their respective exchanges and projects. As these assets are used for a multitude of purposes within the projects that they represent, their market cap increases whenever their backing projects gain more users.

 

**How are Exchange Coins/Tokens Used**

Most often, this particular asset class is most often used for the transfer of value within exchanges and other cryptocurrency companies, although they are also commonly used for staking purposes. Crypto.com Coin (CRO) is a great example of a coin that checks both boxes. Crypto.com Coin is integral to nearly every aspect of the Crypto.com network, as users are required to stake CRO in order to apply for Crypto.com metal visa debit cards. CRO is also what users receive as a means of reward from using Crypto.com products.

 

**Other Exchange Coin/Token Benefits**

Although each of these assets varies from project to project, one of the commonalities between many of these exchange assets is how they are used to reward users for staking various other cryptocurrencies within their platforms. Under many occasions Exchange tokens such as KuCoin’s KCS and Binance’s BNB have been rewarded to users in various ways for staking or holding certain coins and tokens within specific junctures. Many exchanges will often reward users for participating in a variety of different programs.

 

**Conclusion**

Exchange tokens are one of the most important asset classes which exists within cryptocurrency. Some exchange tokens have even made it into the top 10 large cap cryptocurrencies, such as the ones which [**Killer Whale Large Cap Sector Strategy**](https://killerwhalecrypto.com/product/large-cap) thrives on! Be sure to check out the [**Killer Whale Products Page**](https://killerwhalecrypto.com/
) to find out which Killer Whale Signals and Strategies are right for you!

 

# Killer Whale Crypto
**CHANGE THE WAY YOU TRADE**

Exchange coins and tokens are digital assets that are created by cryptocurrency exchanges, as well as other cryptocurrency companies. Exchange coins and tokens are typically used for staking and rewards within exchanges. Exchange tokens have even made their way into the top 10 large cap cryptocurrency projects at various points!

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All About Exchange Tokens

**Cryptocurrency Charities: How to Donate in Crypto**

It’s no secret that 2021 has been a fantastic year for cryptocurrency. For those of you who may like to take some of those crypto gains and donate them to charity over the holidays, you’re in luck! in this piece, we will discuss how you can donate to various charities, using cryptocurrency.

 

**Giveth**

Donating money in crypto has some major advantages over donating money in traditional fiat currency. Giveth is a crypto project which operates on the Ethereum blockchain, and allows users to create any type of charity project they want. Unlike similar business models that utilize fiat currencies, Giveth donations can be tracked via Etherscan, allowing its users to verify that their donations are going to the right place. One of the biggest problems with traditional charities that allow people to create their own projects is the number of scammers that take advantage of the lack of difficulty of traceability of fiat currency. Since Etherscan watches everything taking place on the Ethereum blockchain, Giveth users can rest assured that their transactions are making it into the intended hands.

 

**The Giving Block**

The Giving Block is a nonprofit organization designed to make it easier for nonprofits to accept crypto. The Giving Block was founded in 2018 by Alex Wilson and Pat Duffey and is undoubtably the biggest crypto charity platform and provides an important serves a vital role for many various charity organizations. 

For most charities, it is usually cheaper and faster to send cryptocurrency. Sending crypto to various corners of the world is also considerably faster than fiat. The third biggest advantage of using cryptocurrency for charity work is the fact that it is far easier and cheaper to convert into local native fiat currencies.

 

**Empowa**

Empowa describes itself as the first ever Real-Fi project in the world, which aims to increase the amount of affordable housing in Africa, beginning with the country of Mozambique. In layman’s terms, Empowa aims to build 50 million homes in Mozambique, Africa, by becoming a decentralized property developer. The houses will be built using the Empowa token, EMP. Users who contribute to the project by buying the EMP token will be secured a cut of the future rental income from the properties built by the Empowa project. Killer Whale wrote an article dedicated to the Empowa project earlier this year, as the innerworkings and preliminary funding are highly complex. If you would like to learn more about the project, [**click here**](https://killerwhalecrypto.com/article/the-empowa-project) Empowa is a good example of how cryptocurrency can be effectively used to aid the developing world and falls right in line with many of the adoption goals of Cardano.


 

**Conclusion**

There is a number of different cryptocurrency charities that have popped up within the last few years. at this rate, cryptocurrency enabled charities may very well become the new norm!

Be sure to check out the [**Killer Whale Products Page**](https://killerwhalecrypto.com/) to find the Killer Whale products that are right for you!

 

# Killer Whale Crypto
**CHANGE THE WAY YOU TRADE**

Crypto charities are becoming more and more popular each year! Not only is cryptocurrency more convenient than fiat for charity work, it is also far faster and more easily converted to native currencies.

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Cryptocurrency Charities: How to Donate in Crypto

**Are Stablecoins a Threat to the US Dollar**

Stablecoins are undeniably one of the most vital loadbearing pillars of the cryptocurrency economy. Stablecoins make it possible for us to use a wide variety of exchanges, while still allowing us to park our crypto gains in a relatively stable store of value. The incredible value of stablecoins however, has led them to become one of the most scrutinized forms of cryptocurrency. In this piece, we will be taking a look at whether stablecoins are either threatening or benefiting fiat currencies like the US dollar.

 

**Why Governments are Concerned With Stablecoins**

The US Federal Reserve and Treasury have been concerned with stablecoins since their inception, but are these concerns justified? Unlike other types of cryptocurrencies, the majority of stablecoins are pegged to real-world assets. More often than not, the real-world assets that stablecoins are pegged to are fiat currencies.

Governments claim that stablecoin holders may be putting their faith in a currency that can’t actually be redeemed for its pegged value. Although this might be a valid concern in certain cases, there has so far been no evidence that any of these claims are justified. Most likely, governments dislike the idea of stablecoins because they interfere with emerging Central Bank Digital Currencies.


 

**Central Bank Digital Currencies**

Central Bank digital Currencies, or CBDCs are fully centralized digital assets created by governments, as an alternative to their own fiat currencies. CBDCs behave like fiat-backed stablecoins in many ways, however they are far more susceptible to government interference. Governments can control every aspect of their respective CBDCs on a whim, increasing or decreasing the supply instantaneously. Governments can of course print more fiat currency as well, but in the case of fiat, there is a delay from when it is printed to when it enters and exits the economy. Furthermore, fiat currencies are typically held by individuals in banks. CBDCs on the other hand, are controlled directly by the central bank, meaning they are not actually under the control of whoever is holding them in their possession.

 

**Do Stablecoins Strengthen Fiat Currencies?**

A number of top crypto executives attended a hearing yesterday to discuss the potential risks commonly associated with cryptocurrency. Stablecoins was one of the most heated points of discussion. This hearing was attended by the likes of Jeremy Allaire, Sam Bankman Fried, Brian Brooks, Charles Cascarilla, Denelle Dixon, and Alesia Jeanne Hass.

CEO of Paxos, Charles Cascarilla stated that stablecoins are not harmful to the US dollar, but rather empower the US dollar by inviting more people to participate in a dollar-based economic system. As Charles Cascarilla stated:
“I actually don’t think that it’s contradictory at all. What people want is s a US dollar bank account. Everyone in the world wants to be able to have US dollars, and actually, that’s the hardest thing to get. Crypto is a tool for a lot of different things including bringing communities together, but what people want for their everyday spending is dollars. If you’re in Argentina you want dollars, if you’re somebody anywhere in the world you want to have access to dollars and that’s the hardest thing to get access to right now and that’s why tokenized dollars is so valuable because you don’t need a bank account yet you can have access to the dollar-based system, which is a very important tool for inclusion.”

 

Be sure to check out the [**Killer Whale Products Page**](https://killerwhalecrypto.com/) to discover which Killer Whale Signals and Strategies are right for you!

 

# Killer Whale Crypto
**CHANGE THE WAY YOU TRADE**

Stablecoins are one of the most controversial varieties of cryptocurrency within the crypto space. they are incredibly useful for cryptocurrency traders, however governments are still apprehensive towards their existence. That being said, stablecoins may actually have a positive influence on traditional fiat currencies    

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 Are Stablecoins a Threat to the US Dollar

**All About Stablecoins**

 

Stablecoins have become immensely popular in the last few years. So, what are Stablecoins and how do they work? In this article, we will be discussing the three basic varieties of stablecoins.

 

**Stablecoin Basics**

Stablecoins are price-stable, digital assets which bridge the gap between the cryptocurrency market and other markets. Most often, stablecoins mimic fiat currencies. The most common example of this is Tether’s USDT, which is a traditional collateral stablecoin that mimics the US dollar, while allowing it the mobility of cryptocurrency. There are, however, a variety of other stablecoins out there which serve a variety of different purposes. There are three main categories of stablecoins.

 

**These Categories are:**

-	Traditional collateral stablecoins
-	Crypto collateral stablecoins
-	Commodity-backed stablecoins

 

**Traditional Collateral Stablecoins**

Traditional collateral stablecoins are cryptocurrencies that are backed by fiat currencies at a 1:1 ratio of value. Using USDT as an example, one USDT is worth one USD. The issuer of a stablecoin – in this case Tether – is required to keep one USD, or an equivalent off-chain asset in a bank account before they can issue one USDT token. Aside from Tether’s USDT, there are a variety of other USD stablecoins on the market. These include the Paxos Dollar (UDSP), True USD (TUSD) and Circle’s (USDC) stablecoin.

 

**Crypto Collateral Stablecoins**

Crypto collateral stablecoins are similar to traditional collateral stablecoins, except instead of being backed by fiat currencies, they are backed by other cryptocurrencies. With crypto collateral stablecoins, there is no need for a central issuer, as the entire process occurs on chain and is mitigated by smart contracts. Another difference between crypto collateral stablecoins and traditional collateral stablecoins is their backing ratio. Because cryptocurrency is generally more volatile than fiat currency, crypto collateral stablecoins are backed at a 2:1 ratio. As an example, if you wanted 100 DAI tokens – which are linked to the price of the US dollar – and you were placing ETH in a smart contract in order to unlock the DAI tokens, you would need to deposit $200 of ETH in the smart contract. This 2:1 ratio for crypto collateral stablecoins is intended to buffer against market fluctuations.

 

**Commodity Backed Stablecoins**

commodity backed stablecoins are backed by physical assets, such as property, oil, and precious metals. The most common commodity backed stablecoins are those backed by gold, such as Tether Gold (XAUT). and Pax Gold (PAXG). Commodity backed markets provide a convenient solution for traders who are looking to trade physical assets, while simultaneously taking advantage of the financial mobility which comes with cryptocurrency.

One of the other benefits which come with commodity backed stablecoins is the fact that they can directly be exchanged for the specific commodity that they represent. As an example, Pax Gold will exchange their tokens for physical gold, although the number of tokens this requires is significant. Each PAXG token is equivalently worth the same amount as one ounce of gold, and Pax Gold will not exchange any amount less than 430 oz of gold bars, for 430 PAXG tokens.


 

**Conclusion**

Stablecoins have gained a significant amount of popularity within the last several years. in fact the total stablecoin market value has increased by nearly 300% within the last year. Hopefully this article has helped you understand a little more about how these useful stablecoins work, and how much potential the stablecoin market can unlock in the future! 

Stablecoins play a major role in each of our [**Killer Whale Products**](https://killerwhalecrypto.com/)! The cryptocurrency market has ben growing exponentially for years! That being said, be sure to check out [**Killer Whale Large Cap Sector Strategy**](https://killerwhalecrypto.com/product/large-cap), as well as any other Killer Whale signals and or strategies that you believe in!

 

# Killer Whale Crypto
**CHANGE THE WAY YOU TRADE**

Stablecoins are cryptocurrencies which usually reflect the price action of fiat currencies, as well as commodities. In this article, we will be taking a look at the top three varieties of stablecoins!

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All About Stablecoins

**Hard and Soft Forks**

The world of cryptocurrency is unquestionably the wild west of high finance. As the most popular crypto projects gain popularity, the governance of these projects becomes more specified to the goals which these projects are aiming to achieve. Sometimes however, the governors of these cryptocurrency coins and tokens find themselves in a state of disagreement whenever radical changes to the network are proposed. These changes are referred to as “Forks.” They can come in the form of both “hard forks” and “soft forks.” In this article, we will be looking at the difference between hard and soft forks. We will also discuss why cryptocurrencies sometimes fork, as they evolve.

 

**Why the Fork**

Cryptocurrency forking represents a clash between how a cryptocurrency is currently governed, compared to how it could be governed in the future. as cryptocurrency grows, the mining and validating industry which backs cryptocurrency will tend to have varying opinions regarding how the tokenomics and overall mechanics of the cryptocurrencies in question work. If certain aspects within the tokenomic or governance parameters of a decentralized cryptocurrency project come into question – or even need to be updated to facilitate greater functionality and/or efficiency – the developers create a “fork” of the cryptocurrency in question. When a fork of a cryptocurrency is created, the majority of either miners or validators need to come to a consensus, when determining which network changes they support, versus which protocols they are willing to dismiss.

 

**Forks in Proof of Work vs Proof of Stake Cryptocurrencies**

Proof of Work cryptocurrencies often consolidate forks more efficiently than their Proof of Stake counterparts. This is due to the competitive nature of Proof of Work mining. In contrast, Proof of Stake cryptocurrencies – as well as many of the cryptocurrencies which utilize validation-based consensus mechanisms that are similar to Proof of Stake – tend to have problems with forks. This is due to the fact that Proof of Work miners are competing to process the latest and greatest version of the currency which they mine. For this reason, the weaker side of the cryptocurrency fork tends to phase itself out of the mining equation. The competitive nature of Proof of Work mining tends to favor validation solutions which yield the highest return.

Proof of Stake cryptocurrencies on the other hand, tend to become divided during forking events. Proof of Stake cryptocurrencies do not depend on their validators nearly as much as Proof of Work cryptocurrencies depend on their miners. This means Proof of Stake platforms can potentially spawn the creation of a new cryptocurrency if enough of the validators decide not to participate in the new fork.
 
 

**Hard or Soft**

The difference between a hard fork and a soft fork is minimal on the technological level. Both represent a dramatic change in the code that the original cryptocurrency uses. The primary difference between the two is that a hard fork creates an additional blockchain, while a soft fork creates an additional cryptocurrency that is meant to exist on a blockchain with its parent cryptocurrency. Some of the most recognized hard forks within cryptocurrency history include Bitcoin Cash (BCH)’s separation from the original Bitcoin blockchain, and Ethereum Classic (ETC)’s separation from the Ethereum blockchain.

 

**Conclusion**

Hard forks are a normal part of the cryptocurrency ecosystem. Because hard forks are so common, it is best to invest in the tried-and-true cryptocurrency projects, which exist today. [**Killer Whale Large Cap Sector Strategy**](https://killerwhalecrypto.com/product/large-cap) is a fantastic option for traders who wish to benefit from the advantageous market action of the highest valued cryptocurrencies. Many of these coins have not only survived forking events in the past but continue to flourish in nearly every market condition. If this product is not exactly what you are looking for, be sure to check out the [**Killer Whale Products**](https://killerwhalecrypto.com/) page to find any and all of the signals and strategies you need to flourish in the world of trading!

 

# Killer Whale Crypto
**CHANGE THE WAY YOU TRADE**

Hard and soft forks are an important component of cryptocurrency. Hard forks represent the creation of a new blockchain, while soft forks represent the creation of a cryptocurrency which inhabits a preexisting blockchain. In this article we will look at the similarities and differences between hard and soft forks! 

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Hard and Soft Forks

**Happy Birthday to Cryptocurrency’s Leading Indicator: Google!**

There are a multitude of ways to discover new cryptocurrencies these days; however, that was not always the case. Before stablecoins, DeFi, exchanges, NFTs, and even canine themed altcoins, there was only Bitcoin. Although this is common knowledge for anyone who has ever dabbled in cryptocurrency for even five minutes, there is a crucial part of the crypto timeline which is often overlooked: How did so many people find out about Bitcoin?
As the search engine Google turned 23 years old on Monday, September 27, 2021, we decided to give them a tip of the proverbial hat. In this article, we will discuss the crucial role that Google played in the early days of Bitcoin, as well as the role Google still plays in cryptocurrency as a whole!

 

**Why is Google Important to Crypto**

Before there were any other resources available for the public to discover cryptocurrency for the first time, there was Google. Google had been established as a search engine for over a decade by the time Bitcoin made the transition from theory to reality. For this reason, many of the first Bitcoin investors discovered this pioneering cryptocurrency technology through the Google search engine.

Even as other cryptocurrency projects developed through the years, the Google search engine continued to serve as the educational gateway for countless individuals. Even today, Google is the most common means for the general public to educate themselves on almost everything crypto. In fact, Google has become so intwined with the growth of cryptocurrency that the inclusion of Google’s search engine analytics in sentiment analysis-based market indexes is now taken for granted. You would be hard pressed to find a sentiment analysis-based indicator that does not include Google web search analytics.

 

**Conclusion**

Google has been an important tool in the adoption of cryptocurrency from the very beginning, and It will likely continue to be the first tool which new crypto investors use in the future. Google has undoubtedly been a valuable tool for many of our Killer Whale users, when they were searching for the best in algorithmic intelligence-based strategies and hand placed trades! Killer Whale appreciates Google’s cryptocurrency adoption efforts; however, Killer Whale appreciates our users most of all!

 

# Killer Whale Crypto
**CHANGE THE WAY YOU TRADE**

Google has played a crucial role in cryptocurrency from the beginning. Google was the gateway into Bitcoin for many of the original cryptocurrency's first investors. Even now, Google continues to serve as the most predominant cryptocurrency trend indicator!

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Happy Birthday to Cryptocurrency’s Leading Indicator: Google!

**The World’s Most Important Cryptocurrencies (Other Than Bitcoin)**

Since Bitcoin was created in 2009, many other cryptocurrency projects have developed over the years. As of January 1st, 2021, there are reportedly over 4,000 standalone cryptocurrency projects, existing on their own native networks. Although many of these projects are similar, every once and a while a groundbreaking project emerges, changing the game once again. In this article, we will look at the most influential cryptocurrency projects which are worth investing into today!

 

**Ethereum (ETH)**

It is becoming a commonly known fact amongst even the general public that Ethereum is doing more to further the advancement of cryptocurrency than most projects. As we discussed in our last article – [**All About ERC-20 Tokens**](https://www.killerwhalecrypto.com/article/all-about-erc-20-tokens) – the Ethereum blockchain is host to over 200,000 other tokens besides ETH. Ethereum’s creator - Vitalik Buterin – is one of the most active members of the crypto community, when it comes to cryptocurrency education and mainstream adoption. 

Killer Whale specifically created the [**Gain ETH Strategy**](https://www.killerwhalecrypto.com/product/gain-eth) for those who are aiming to gain as much ETH as possible. With the majority of the W3 next generation web Dapps being created on the Ethereum blockchain, holding Ethereum may be the modern equivalent to investing in the next internet.


 

**Litecoin (LTC)**

Litecoin is currently the 15th most popular cryptocurrency in the world and was one of the first cryptocurrencies ever created, back in 2011. Litecoin was conceived – just after Bitcoin (BTC), and the now forgotten Namecoin (NMC) – by MIT graduate Charlie Lee and has been referred to as “the silver to Bitcoin’s gold” on many occasions.

Litecoin is a cryptocurrency fork of Bitcoin, therefore the Litecoin network shares many of the same characteristics as Bitcoin. Litecoin uses a shorter block generation time than Bitcoin, as well as a different cryptographic algorithm. Litecoin became popular early on, as the cryptocurrency offers lower transaction fees than Bitcoin, and its popularity has remained ever since. 


 

**Cardano (ADA)**

In the same way that Litecoin shares many similarities with Bitcoin, Cardano (ADA) shares many similarities with Ethereum (ETH). Cardano was founded by Charles Hoskinson, one of the same developers as Ethereum. Cardano is sitting at rank number 3 – right below Bitcoin and Ethereum – and is soon to enable smart contract capabilities. This is however where the similarities between Ethereum and Cardano end.

Cardano is a project which utilizes an Ouroboros Proof of Stake consensus mechanism and created it’s blockchain using rigorous development techniques. All of Cardano’s protocols have been peer reviewed by a research team which has written over 90 papers, spanning every topic which falls under the category of blockchain technology.

Cardano’s ADA coin has shown fantastic performance in recent months, trading at a recent all time high of $3.00, compared to its price of $0.31 at the beginning of January 2021.

 

**Chainlink (LINK)**

Chainlink is a joint-creation between Sergey Nazarov and Steve Ellis – which exists as an ERC-20 token – and currently ranks as the 12th largest cryptocurrency by market cap.

Chainlink is a decentralized “oracle” network, which bridges smart contracts with external data and applications. Chainlink takes advantage of the fact that blockchains inherently cannot connect with outside sources, such as weather tracking applications or data regarding pollution monitoring, as sited in an example from Chainlink’s blog. By connecting a Chainlink “oracle” between smart contracts and data regarding such things as pollution, the smart contract could monitor and potentially fine companies that are polluting too much. In a similar manner, a Chainlink “oracle” could combine smart contract capabilities with weather tracking data to efficiently release flood warnings, or other natural disaster warnings to affected towns and cities. Sufficed to say, Chainlink is one of the most lucrative cryptocurrency projects in the crypto space.

 

**Tether (USDT)**

Last on this list we have Tether. Tether was one of the first stablecoins to emerge on the market. Tether pegs its market value to external reference points, such as the US dollar. Tether allows cryptocurrency users to facilitate the use of fiat currencies in a digital manner. This allows cryptocurrency technologies to transact in traditional fiat currencies in a far less complicated manner. Tether’s USDT is the fifth largest cryptocurrency, with a market cap of nearly $67.5 billion

 

**Which Killer Wale Products Capitalize on These Cryptocurrencies?**

Many Killer Whale products capitalize on these monumental cryptocurrency projects. Killer whale [**Premium Signals**](https://www.killerwhalecrypto.com/product/premium) and Killer Whale [**Bank Robber Signals**](https://www.killerwhalecrypto.com/product/bank-robber-signals) are both fantastic options for those of you who are aiming to take advantage of these cryptocurrencies, using a signal service. For those of you who are looking to take advantage of these cryptocurrencies using one of our strategies, Killer Whale [**Large Cap Sector Strategy**](https://www.killerwhalecrypto.com/product/large-cap) is a great option!

Keep in mind, Bitcoin is still the strongest performing coin of all time and does not show any plans of stopping. Bitcoin is best served at lower prices, so get it now, before it becomes even hotter with our Killer Whale [**Gain BTC**](https://www.killerwhalecrypto.com/product/gain-btc) Strategy!

 

## **Killer Whale Crypto**
**CHANGE THE WAY YOU TRADE**

Bitcoin, BTC, Ethereum, ETH, Litecoin, LTC, Cardano, ADA, Chainlink, LINK, Tether, USDT, Crypto, Cryptocurrency

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The World’s Most Important Cryptocurrencies (Other Than Bitcoin)

**Ripple vs. Stellar**

Ripple and Stellar both share many similarities. In fact, they have so much in common that people have mistakenly been led to believe that Stellar’s XLM token was a fork from Ripple’s XRP. In this article we will dive into the similarities and differences between Ripple XRP and Stellar XLM.

 

**Project Goals**

Both Ripple and Stellar are both cryptocurrencies which share a similar codebase. They are both cross-border payment systems which aim to facilitate growth and adoption within the crypto-space, and both projects were heavily influenced by Stellar’s founder, Jed McCaleb. Where the projects begin to differ is in their target markets.

Ripple goes after corporations, payment providers and financial institutions such as banks. Stellar – on the other hand – is aimed at providing low-cost financial services, geared towards aiding developing countries. Essentially, Ripple focuses on big targets, while Stellar focuses on the individual. They both however want to build fast and secure cross-border payment networks, and both projects are disruptive to the ecosystem of traditional payment systems.

 

**How Does Ripple Work?**

Ripple functions within a closed source network known as RippleNet. RippleNet is a somewhat newer addition to the Ripple ecosystem, which is a combination of its xRapid (where XRP gets its name) and xCurrent technologies. If you were familiar with Ripple in its early days, these are two names you will likely remember, as they are also independent products. RippleNet essentially offers frictionless access to global payments, payout options and on demand liquidity for over 40 different currencies, through a decentralized system for transactions. Payments on the RippleNet are processed through pre-validated transactions, which keeps costs at a minimum for worldwide transactions.

 


**How Does Stellar Work?**

Stellar is an open source and ownerless network. Stellar’s claim to fame is that it allows any user to settle payments, issue assets, or trade on the network. Stellar is designed for its users to be able to interact with international markets, by operating above local economies. Stellar’s network is also currency-agnostic, which means it can interact with any currencies, including fiat currencies. The Stellar network essentially makes it so its users are not limited by their borders. Like Ripple, Stellar is also incredibly cheap to use. Stellar’s network makes it easy to send payments across the world, as stellar transactions are performed on a peer-to-peer basis.

 

**Ripple’s Consensus Protocol**

Ripple uses what is referred to as the XRP Ledger for its consensus mechanism. The XRP ledger focuses on three principals:

 

-	Agreement

-	Correctness

-	Forward Progress

 

Participators on the XRP network select a server. Each server is responsible for participating in the consensus protocol and consists of validator nodes. Servers use their validators to agree upon the transactions included in that ledger. A transaction is approved when a large enough number of validators agree that the transaction is valid. If 80 percent of the validators on the network agree, then consensus is achieved. If less than 80 percent of the validators agree, the network does not make progress.

 

**Stellar’s Consensus Protocol**

The Stellar Consensus Protocol, or SCP behaves somewhat differently, yet utilizes some structural similarities. Within SCP, well-behaved nodes can sustain transactions, even in the presence of potentially nefarious nodes. This consensus protocol is commonly referred to as a Federated Byzantine Agreement System. Progress on this type of network stops in the presence of a partition and once again resumes when consensus is reached.

SCP can be broken down into four key identifiers:

 

-	Asymptomatic Security 

-	Flexible Trust

-	Decentralized Control

-	Low Latency

 

**XRP Supply and Distribution**

XRP is a pre-mined token with a maximum supply of 100 billion. XRP was created in 2012, and 20 billion tokens were divided amongst the developers. Ripple placed 55 billion tokens into an escrow – AKA impound account – in 2017. This account sells one billion tokens – every month – to users over a 55-month period. The remainder of what has been sold from each month’s one-billion-dollar sale offering is redeposited into the escrow account to add to the remaining balance within the account for later disbursement.

Ripple has been in hot water over their XRP utility token, as many regulators argue that it is technically an unregistered security, rather than a cryptocurrency. Rulings have been made in many parts of the world, legally classifying XRP as a cryptocurrency, although the United States SEC lawsuit against Ripple is yet to be resolved.

 

**XLM Supply and Distribution**

In a similar fashion to XRP, 100 billion XLM tokens were pre-mined in the genesis phase of Stellar. The Stellar Foundation oversees the distribution of XLM. Over the next decade or so, Stellar plans on giving away 50 percent of its remaining XLM tokens to Stellar users, in an effort to make the cryptocurrency more decentralized. Stellar also plans on giving another 25 percent of its remaining tokens to nonprofit organizations across the world which may not have the same financial ease of access as others. Furthermore, Stellar plans on donating 20 percent of their remaining tokens to both BTC and XRP holders, as the Stellar project believes it owes a gratitude to these cryptocurrencies. Stellar will continue to hold five percent of the remaining supply for the purposes of its own research and development.


 


**In Conclusion**

The big takeaway from this article is that Ripple and Stellar are both unique projects. The XRP and XLM tokens are utilized for different purposes, even though they share many of the same similarities. Both Ripple and Stellar are fantastic projects which have shown incredibly bullish action in the past, and even continue to show bullish action in the market, as it is now!

 

## Killer Whale Crypto

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Ripple vs. Stellar

**Crypto Wallet Top Picks**

Anyone who has dabbled in cryptocurrency for even a day is aware that there are a vast number of crypto wallets to choose from. Experienced crypto users eventually find wallets that work well for their purposes; however, finding the right wallet can be filled with a fair amount of trial and error for those of us who are new to crypto. In this article, we will take a look at some of our favorite wallets and what each of them is designed to do.

Before we dive into our favorite crypto wallets, it is important to mention that all software wallets are only as secure as the device they are installed on. The same goes for banking software. It is always a good idea to use a secure device when you have money on the line. There are plenty of antivirus companies that offer great products at a low cost. That being said, let’s get started!


 


**KuCoin**

![KuCoin.jpg](https://duj27fxoqhxbb.cloudfront.net/Ku_Coin_4f8ace85af.jpg)

Although KuCoin is technically an exchange, it is still on this list because of its unparalleled security. KuCoin keeps all its user’s funds in cold storage, making KuCoin nearly as secure as keeping your crypto on a hardware wallet. KuCoin also gives its users access to an incredible variety of coins and tokens, even compared to other crypto exchanges. KuCoin operates best on your computer; however, the KuCoin mobile app offers a wide variety of advanced tools and functionality to its users as well. KuCoin is the preferred exchange of Killer Whale Crypto, therefore if you have not yet set up an account with KuCoin, we highly recommend you give them a try!

If you would like to learn more about KuCoin, click on this link [**here!**](https://www.killerwhalecrypto.com/article/ku-coin)


 


**Crypto.com**

![Screenshot 2021-07-25 221925.com.jpg](https://duj27fxoqhxbb.cloudfront.net/Screenshot_2021_07_25_221925_com_5380e66c72.jpg)

If you are looking for a wallet that facilitates the swapping of crypto to and from fiat currency with ease, then look no further than Crypto.com. The Crypto.com wallet offers a relatively large basket of cryptocurrencies which users can easily exchange with one another for no trading fees. Crypto.com makes it easy to purchase everyday goods and services, with their Crypto.com Pay feature. This allows users to buy gift cards with their crypto. Crypto.com made its name known within the crypto community by off a selection of Visa debit cards that allow you to instantaneously exchange your crypto for fiat currency. This means you can use your crypto to make purchases anywhere that accepts Visa just as easily as if you were using a bank issued debit card.

If you would like to learn more about Crypto.com, click on this link [**here!**](https://www.killerwhalecrypto.com/article/crypto-com) 


 



**MetaMask**


![metamask fox.jpg](https://duj27fxoqhxbb.cloudfront.net/metamask_fox_298f4a80a7.jpg)


If DeFi is your thing, look no further than MetaMask. Unlike the other wallets we have mentioned so far, MetaMask is specifically designed to interface with the Ethereum Blockchain. The MetaMask wallet is a web3 browser extension which makes interfacing with Dapps built on the Ethereum blockchain both easy and secure. MetaMask works seamlessly with your current internet browser, making it easy to explore and build upon the vast world of the next generation internet.

If you are interested in trying MetaMask for yourself, keep in mind that this wallet is designed to specifically work with the Ethereum blockchain, meaning you can only use tokens minted on the Ethereum blockchain. Sorry, but there is no Bitcoin here. That being said, MetaMask is a fantastic wallet for interfacing with Ethereum Dapps; however, we would recommend using it in conjunction with another wallet. MetaMask is more of a tool for secure web3 browsing than it is for trading and hodling crypto.


If you would like to learn more about MetaMask click on this link [**here!**](https://www.killerwhalecrypto.com/article/ethereum-dapps-worth-looking-into-meta-mask)


 


**In Conclusion**

There are many fantastic wallets out there; these are just three of the wallets that stand out to us. Some other great wallet options include: 

- **Exodus** – which is sleek, to the point and great for beginners

- **Atomic Wallet** – which offers great staking options and completely anonymous wallet addresses

- **Trust Wallet** – which is the official wallet of the Binance exchange



 


**If you like this article, check out:**

[**What to Know About Hardware Wallets**](https://www.killerwhalecrypto.com/article/hardware-wallets)



 


## Killer Whale Crypto

this article highlights some of the best crypto wallets for beginners and intermediate crypto users

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Crypto Wallet Top Picks

**Quantum (QTUM) Coin Review**

Quantum (QTUM) is an open-source cryptocurrency project, which is both developed and maintained by the Quantum foundation. Created in 2016 by Patrick Dai, Jordan Earls, and Neil Mahl; this cryptocurrency project combines Bitcoin’s blockchain model and Ethereum’s smart contract capabilities to create a reliable and flexible coin. In this piece, we will be discussing Quantum (QTUM)



 



**What is Quantum?**

Quantum coin (QTUM) was built with a simple purpose: To create a cryptocurrency that combines the best aspects of Bitcoin and Ethereum, all the while becoming a secure exchange for business-centric decentralized apps. The highlighting features of Quantum coin are borrowing Bitcoin’s UXTO system. Think of the UXTO model as a type of accounting system used by Bitcoin that provides users a high level of transactional security. The UXTO system provides a receipt for unspent and unused coins after a transaction. The Quantum Foundation took this system and reworked the code to use for its own platform. The cryptocurrency also borrows its smart contract capabilities from Ethereum.



 




 **Making QTUM leaps**

While Quantum boasts two incredible features, it differs from both of its cryptocurrency counterparts. Quantum employs a system which they refer to as the Account Abstraction Layer (AAL). This technology enables the use of smart contracts in conjunction with the Bitcoin UXTO model. The Account Abstraction Layer enables the UXTO and smart contracts to interact with one another. It decouples applications from the underlying protocol. Quantum maintains the notorious performance of Bitcoin’s blockchain while lending the ability to add additional future smart contract capabilities.

Quantum coin utilizes the proof-of-stake (PoS) consensus model, as opposed to the proof-of-work (PoW) model used by Bitcoin. The proof of work method used by Bitcoin is often resource-intensive with computer networks mining the coins, consuming more energy than the proof-of-stake mechanism. With the Proof of stake approach, mining is a simplified process. Within Quantum’s Proof of stake system, the miners are chosen to verify blocks within the system, based on the amount of QTUM they have staked; as opposed to the competitive proof-of-work mechanism, in which miners compete to be the first to solve complex math equations. Essentially, the bigger the stake, the greater the miner’s chance of getting selected to aid in verifying the transactions.

Quantum also utilizes a Decentralized Governance Protocol (DGP). This allows specific blockchain settings to be modified through the utilization of smart contracts. If the block size of Quantum coin needs to be increased, this can be achieved without the need for a hard fork or ecosystem disruption. This Decentralized Governance Protocol allows for automated smart contracts to be held to a vote, within a system of governance. This allows for the ability to monitor the status of the blockchain and automatically propose and vote for changes within Quantum’s protocol. This allows Quantum to be a self-regulating and self-modifying cryptocurrency.
 


 



**In conclusion**

Quantum has taken a major step in the blockchain industry by implementing the Decentralized Governance Protocol, along with adopting some of the most notable features of the world’s foremost cryptocurrency giants. Quantum is using smart contracts to transform the traditional methods by which blockchain software is maintained. Quantum hopes to revolutionize the cryptocurrency game.


 



**If you like this article, check out:**

[ALGO coin review](https://www.killerwhalecrypto.com/article/algo-coin-review)

[NANO Coin Review](https://www.killerwhalecrypto.com/article/nano-coin-review)

[THETA Review](https://www.killerwhalecrypto.com/article/theta-review)

[Ethereum 2.0](https://www.killerwhalecrypto.com/article/ethereum-2-0)

[THETA 3.0 Update](https://www.killerwhalecrypto.com/article/theta-3-0-update)



 



## Killer Whale Crypto

This article describes the Quantum (QTUM) coin 

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Quantum (QTUM) Coin Review

**Terra (LUNA): A Cryptocurrency Project Worth Looking Into**

Terra is a cryptocurrency project which was originally created three years ago by Korean software company, Terraform Labs. Terraform Labs was founded by Daniel Shin and Do Kwon. The Terra project is designed to support a basket of stablecoins. What separates the Terra project from other similar cryptocurrency projects is that the Terra project is designed to operate as the backend protocol for the implementation of the cryptocurrency apps and products designed by Terraform Labs. Many of the cryptocurrency projects designed within the cryptocurrency space simply do not have the advantages of corporate backing, in the same way that Terra does. Terra is considered one of the few cryptocurrency projects which looks outward – rather than inward – regarding the project’s approach to growth and adoption. In this article, we will be looking at the innerworkings of the Terra project, as well as Terra’s native token, LUNA.


 



**What is Terra?**

The Terra mainnet was launched in 2019, and allows the creation of stablecoins, which are pegged to fiat currencies. The most common stablecoin created on the network is the UST token: UST is an algorithmically balanced stablecoin which represents the price of USD. UST is implemented in the same way that tokens such as USDT are utilized, however its value is not backed by the traditional 1:1 ratio of USD against each coin minted.

To mint UST on the Terra blockchain, the creator of the stablecoin needs to burn the equivalent amount of Terra’s native token LUNA. One of the most intriguing functions of Terra, is that the UST stablecoins created on its blockchain can respectively be burned by the network, in exchange for LUNA tokens. This ability to burn the network’s stablecoin – UST – in exchange for the native LUNA token is what stabilizes the UST tokens created on the Terra blockchain. The ability to burn the LUNA token at its current value, as well as burn the network’s UST stablecoins at their current value, gives Terra users the unique opportunity to profit from each coin’s rebalancing. A user can potentially burn a Terra token, against the UST stablecoin on the network – or vice versa – to benefit from the difference in whichever token is inaccurately balanced. This ability to burn both UST stablecoins and LUNA utility tokens – in exchange for one another – stabilizes the supply and demand ratio of each, thus reenforcing the stability of the network. 

The validators of the Terra network also provide Oricle services in order to confirm that the prices of both the LUNA token and the UST stablecoins are being rebalanced accurately. It is also important to mention that any discrepancies between the valuation of the LUNA token and the UST stablecoin are incredibly uncommon. This is due to the high number of network participants who are consistently arbitraging the value of both cryptocurrencies against one another.


One of the biggest factors behind the value of the LUNA token can be contributed to the fact that a small percentage of each LUNA token which is used for the minting of stablecoins, is not burned; rather, this small percentage of LUNA goes directly to the Terra community treasury. The holders of the LUNA token are responsible for determining how these tokens are spent. LUNA also acts as a governance token, in that its holders are also tasked with voting on the implementation of changes to the function of the Terra blockchain.


All of these factors which balance the LUNA token against the stablecoins built within the Terra blockchain – along with the network governance system for the project – work harmoniously to sustain Terra’s delicate balance of gravitational stability. This is both a highly functional and monumental achievement for the Terra project: Especially considering the unique tokenomics behind the LUNA token.




 



**Genesis of the LUNA Token**

The LUNA token was not released to the public as a traditional ICO; rather, the token was privately sold to a relatively small number of private investors, during its genesis. These investors included Binance, OKEx, Huobi, and a few other smaller names within the cryptocurrency community. The exact number of LUNA tokens sold during this period is debatable; however, it likely lies between 210M to over 380M tokens. Each of these privately sold tokens ranged between $0.16 to $0.80 per coin, which is a dramatic difference in comparison to its current price of nearly $22.00 at the time of writing this article.

During the genesis of the LUNA token, less than 5% was available for purchase by the average investor. Approximately 10% of the tokens were kept by Terraform Labs, 20% was given to the contributors and employees. 25% was allocated to the original backers of the project, and 20% was used for the project’s stability reserves. The remaining 20% of the supply was issued to the Terra Alliance, which represents a group of 16 investment banks, operating in 40 countries around the world. The reason these Genesis tokens were divided as such was to ensure the Terra project’s ability to properly support algorithmically balanced stablecoins, during times of high volatility within the cryptocurrency market.



 


**In Conclusion**

Terra is a project that appears to be doing everything right. Although the staking rewards for LUNA are currently sitting at a somewhat unimpressive 1.5% return per year, the fact that the Terra blockchain can settle transactions within approximately six seconds – as well as LUNA’s fantastic price action – certainly weigh the benefits in Terra’s favor.


 




## Killer Whale Crypto

This article describes the fundamentals of the Terra project and it's native token LUNA

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Terra (LUNA): A Cryptocurrency Project Worth Looking Into

**Polygon-Hermez Merger**

Polygon released an announcement which has made crypto history. Polygon (MATIC) informed the public that they have purchased the rollup platform Hermez – a unique Proof of Donation blockchain application – for $250M, which will be paid entirely in MATIC tokens. Polygon’s purchase of Hermez is the first and only complete blockchain merger to have ever taken place. In this article, we will discuss the details regarding how this merger is taking place, as well as how each of these merging blockchains contribute to the cryptocurrency ecosystem.

The Polygon network will be absorbing Hermez into the Polygon ecosystem, under the name “Polygon Hermez.” The $250M payment in MATIC tokens is based on the value of the MATIC token, as it was recorded on August 4th, of this year. All of Hermez’s employees and technology will be incorporated into the Polygon platform, as well as Hermez’s native token, HEZ. Holders of the HEZ token will be able to exchange their tokens at a rate of 3.5 MATIC tokens for every 1 HEZ token. Other cryptocurrency projects in the past have executed partial mergers – such as the partial merger of Ethereum projects Keep and NuCypher earlier this year – although none of these quantify as a complete merger, as both projects have continued to keep their companies and brands separate.



 



**What Exactly is Polygon (MATIC)?**

The Polygon (MATIC) network was founded in 2017 by experienced software developers: Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. Jaynti Kanani is one of the original architects of More Viable Plasma (MVP), which is essentially an improved version of the Plasma scaling solution, which was originally conceived by Ethereum founder, Vitalik Buterin. Simply put, the Plasma technology makes it so that nodes on the Ethereum blockchain are not required to confirm all the data which was initially required during the conclusion of smart contracts. MVP works by periodically creating copies of the Ethereum blockchain, called child-chains and periodically sends snapshots of their states to the parent chain. In this case the parent chain is the Ethereum blockchain.

The Polygon (MATIC) network is similar in nature and application; however, it was designed to be an agnostic blockchain technology. This means that the Polygon (MATIC) technology can be used on any blockchain that allows smart contracts, rather than only operating on the Ethereum blockchain. The Polygon (MATIC) network is certainly capable of carrying its weight, as it can handle somewhere between seven to ten thousand transactions per second.
Polygon (MATIC) was originally called the Matic network, however when the company re-branded to Polygon, the direction of the company shifted as well. Polygon (MATIC) – as we know it now – is aiming to become “Ethereum’s internet of blockchains” in their own words. Currently Polygon is focused on building other layer 2 protocols on top of the Ethereum blockchain, aside from its MVP functionality. It is no wonder why Polygon (MATIC) was eager to purchase and absorb Hermez, due to the nature of the functionality of the technology backing the company.


 


**So What is Hermez?**

Hermez is a digital asset transferring service, which is also built upon the Ethereum blockchain. Ethereum needs to be looked at as a public database to be fully understood. This database contains records of every transaction that takes place within its network. These transactions are both saved and verified by thousands of computers which are spread out across every inhabited part of our spherical earth.

Many of us know that Ethereum has its drawbacks. For those of us who are new to crypto, the famous problem which the Ethereum network faces, is high transaction fees, AKA gas fees. These gas fees are a necessary component to a decentralized public database; however, when network activity is high, the gas fees often increase to a price which discourages individuals from participating in the network.

Rather than sending unique transactions through the Ethereum network – which require individual validation and are the root cause of high gas fees – the Hermez technology compresses and aggregates thousands of transactions into single transactions. This batching of transactions makes token transfers on the Ethereum network considerably cheaper than individual transactions. Individuals who use Hermez to transfer tokens on the Ethereum blockchain are paying at least 90% less in gas fees, compared to those who directly transfer tokens through the Ethereum blockchain.

Hermez is a network which is run by coordinators who implement hardware to verify and batch transactions. These verified and batched transactions are then recorded within the Ethereum blockchain. These coordinators bid against each other in an auction style model, using HEZ – Hermez’s utility token – during the bidding process. The winner of the auction is then allowed to prosses as many transactions as possible, over the course of a ten-minute slot. At the end of this slot, the transactions are processed through the Ethereum network and the coordinator who processed the transactions is rewarded with the transaction fees paid by the individuals who submitted the transactions.

40% of the winning coordinators bid goes to the Ethereum development community. This is how Hermez aligns its incentives in such a way that both Hermez coordinators and Ethereum developers both benefit from batching transactions. This is the fundamental basics behind Hermez’s Proof of Donation system.



 



**In Conclusion**

Due to the currently unavoidable problem of exponentially increasing Ethereum gas fees – because of the perpetual bottlenecking of the Ethereum blockchain – second-layer rollup platforms are likely to be the most practical solution. Hermez – being the only decentralized rollup platform – has incredible potential to perpetuate the scalability of the Ethereum blockchain, just based on its own merits. The combination of the Polygon (MATIC) network and the vital capabilities of the Hermez project are exactly the type of merger that push cryptocurrency and blockchain technology forward. Progresses such as this merger are the steppingstones which allow the future of decentralization to cross from unconventional to commonplace, as the world of cryptocurrency applications are built; one block at a time.



 


## Killer Whale Crypto

This article describes the merger between Polygon and Hermez. This article also describes how Polygon and Hermez contribute to the cryptocurrency ecosystem

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Polygon Absorbs Hermez: The First Blockchain Merger in History! 

**Big News for Cardano!**

The Cardano (ADA) team will be releasing an official date for the Alonzo Purple hardfork on Friday! The Alonzo Purple upgrade has been long awaited by many within the crypto community, as it is the third and final Cardano update for the foreseeable future. The upgrade will bring smart contract capabilities to Cardano, putting the cryptocurrency on par with Ethereum capability-wise. 



This is big news for the future of Cardano’s price action! Currently 70% of the supply of Cardano tokens are staked, leaving only 30% of the tokens in circulation. This circulating 30% of tokens is likely to be eaten up incredibly quickly once Cardano’s smart contract capabilities go live, as they will then be used as utility tokens for the network. A significant amount of the Cardano tokens are also likely to be locked up in various Dapps and smart contracts, much in the same way Ether is used on the Ethereum blockchain.


 The price of Cardano has already risen by approximately $0.20, discovering a two-month high since the Cardano team announced that they would have an official announcement regarding the release date. It is also likely that we will see another rise in price after Friday if we continue to follow the pattern of FOMO that we have seen recently after the Cardano team made their pre-announcement. It is clear that the Cardano team has successfully rallied some major hype around the project within the last few months.

The Alonzo Purple hardfork could not have come at a better time. The Cardano team is wise to release their smart contract capabilities now. Excitement seems to be flooding back into cryptocurrency, as we work our way out of the mini-bear market of the last few months. It would appear that the Cardano team is capitalizing on this perfect storm that has been developing within the cryptocurrency community. The current hype surrounding Cardano is similar to the recent hype we have seen around Ethereum.


Cardano is one of the most well designed and rigorously tested cryptocurrencies ever created. Between Cardano’s listing on greyscale trust and now allowing smart contract capabilities, it is apparent that Cardano’s founder and co-creator of Ethereum Charles Hoskinson truly created a gem!


 

**If you liked this article, check out:**

[**Cardano (ADA) on Grayscale!**](https://www.killerwhalecrypto.com/article/cardano-ada-on-grayscale)


[**Ethereum vs. Cardano**](https://www.killerwhalecrypto.com/article/ethereum-vs-cardano)

[**Bitcoin Taproot Upgrade**](https://www.killerwhalecrypto.com/article/bitcoin-taproot-upgrade)



 


## Killer Whale Crypto

this article discusses Cardano's new smart contract capability

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Big News for Cardano!

**Ethereum vs Cardano: Similarities and Differences**

Ethereum and Cardano are two of the most exciting cryptocurrency projects created. Ethereum is ranked right behind Bitcoin as the largest adopted cryptocurrency in existence. Cardano is ranked just below Ethereum at number five. In this article, we will look at some of the similarities and differences between Ethereum (ETH) and Cardano (ADA).

 

Each of these cryptocurrencies have been the subject of much focus amongst many of the cryptocurrency news pages for some time now. Even though both of these projects are well known in the cryptocurrency community, ETH and ADA have seen a particularly large amount of media-focus within the last several months. These cryptocurrency projects have been doing a lot to further their own development and it has certainly caught the attention of the public.


 


**Ethereum EIP 1559**

EIP 1559 is all over the media at the moment, as it is one of the most profound things to happen to the ETH token since Ethereum Classic hard forked off the Ethereum Blockchain. EIP 1559 is currently being heavily reported on, at the time of writing this article, therefore, I will spare you the details; however, if you are unaware of what EIP 1559 entails, you can read all about it in our article – highlighting all of the awesome features of EIP 1559 – by clicking on [This Link Here!](https://www.killerwhalecrypto.com/article/ethereum-london-hard-fork-eip-1559-goes-into-effect-on-august-4th)


 


**Cardano Grayscale Adoption**

On July First of this year, Greyscale adopted ADA as it’s third largest holding, making up 4.26% of Grayscale’s balance sheet. Grayscale is the largest digital asset manager on wall street, boasting $46B assets under management. If you would like to learn more about ADA’s listing on Grayscale trust, you can read all about it by clicking on [This Link Here!](https://www.killerwhalecrypto.com/article/cardano-ada-on-grayscale) 


 

**Differences Between ETH and ADA**

ETH and ADA aim to accomplish the same long-term goals, although they both go about achieving these goals in considerably different ways. The adoption and development of both cryptocurrencies is where you will see the largest degree of discrepancy between projects. Both ETH and ADA are geared towards smart contracting; however, ADA is much further behind ETH when it comes to Dapps built within its ecosystem.

The ADA blockchain is yet to enable its smart contract capabilities, while ETH – in contrast – hosts the largest ecosystem of Dapps ever created. This is because ETH puts practice before theory when it comes to on-chain development. Although this has caused some hiccups for ETH along the way, it has also given ETH a significant first mover advantage in the DeFi and Dapp marketplace. 

Despite being so far behind ETH in the development of its Dapp ecosystem, ADA quickly climbed the ladder to become a top ten cryptocurrency early on and has remained a large cap coin throughout much of its existence. ADA is taking its time with implementing its smart contract capabilities. ADA is trying to work out as many bugs as possible, by rigorously testing its network before release through peer-review. ADA aims to accomplish all the same goals which ETH has already accomplished, by avoiding many of the same problems which ETH has faced over the years. Problems such as the high gas fees on the ETH blockchain, which require system improvement proposals, such as EIP 1559 and EIP 3554. 

Another big difference between these two cryptocurrencies lies within their unique approaches to mainstream adoption. ETH has traditionally catered its network to the markets of developed parts of the world, which can be evidenced by the types of Dapps which have gained popularity on the ETH blockchain. Much of the ETH Dapps consist of DEXs and asset management Dapps. 

ADA is banking its mainstream adoption on its ecosystems ability to benefit less developed countries, such as Ethiopia and Tanzania. ADA has focused much of its efforts towards partnering with local governments and public institutions, by using its infostructure to solve some of the problems that are commonly associated with using current fiat currency systems for the allocation of relief funds.


 


**In Conclusion**

ETH and ADA are both incredibly bullish cryptocurrency projects. It would be a difficult decision for an investor to determine which of these cryptocurrency projects will eventually hold more long-term value. ETH is one of the most bullish projects in the cryptocurrency marketplace. The value of ADA is likely to increase exponentially, over a longer period of time. We here at Killer Whale believe that both projects can generate both short-term and long-term gains. Only time will tell which cryptocurrency will inevitably come out on top, but you can be assured that Killer Wale will be here to guide you, every step of the way!

 

## Killer Whale Crypto

This article explains some of the major differences between ETH and ADA

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Ethereum vs. Cardano

*In this article, we will discuss why Ethereum may eventually overtake Bitcoin as the worlds predominant cryptocurrency.*




 




Bitcoin currently encompasses more than half of the total value of cryptocurrency. Although Bitcoin was not the first cryptocurrency created, it behaves as if it has the first mover advantage. Bitcoin is at the front of the pack because it offered the first opportunity for investors to participate in a decentralized marketplace. In a sense, Bitcoin defined DeFi. 




Although Bitcoin is currently the standard for cryptocurrency, it has some shortcomings when you compare it to many other cryptocurrency projects. Bitcoin’s greatest competition is Ethereum. This is old news for anyone who has dabbled in cryptocurrency for even a day. Ethereum is a far more functional cryptocurrency than Bitcoin. Ethereum is the first successful multi-layered cryptocurrency, because it allows users to create smart contracts on its blockchain. Ethereum has shown the world how powerful decentralized finance and decentralized applications (Dapps) can be. 


 


**Where Does the Value of Ethereum Come From?**


Ethereum is valued by the vast number of smart contracts and Dapps which it's blockchain hosts. The Ethereum blockchain tackles many of the same goals that the websites and applications hosted on traditional local internets aim to accomplish. What makes Ethereum different from the traditional web, is that Ethereum applications are built directly on the blockchain, rather than being built on a second application layer, which only utilizes the functionality of the underlying protocol.




Consider how websites and applications work on top of the TCP/IP protocol, which make the World Wide Web a reality. The TCP/IP protocol only acts as a thin layer for these applications to be built on. Although the TCP/IP protocol is the fundamental building block of the internets that make up the World Wide Web, it has failed to capture the value of the websites or applications that it hosts. Most of the value which exists on the World Wide Web, lies within each website or application that it hosts. Essentially, the application layer is massive, while the protocol layer is incredibly thin. Ethereum on the other hand, has a massive protocol layer. The applications created on Ethereum are tied directly into the Ethereum blockchain. This in turn adds to the bullish nature of the ETH token.




 




**In Conclusion**


Although Bitcoin and Ethereum have many similarities, Ethereum has a fighting chance at becoming the world’s predominant cryptocurrency. Bitcoin continues to hold tremendous value, however it may eventually drop into second place, behind Ethereum. the biggest driving factor for the evolution of cryptocurrency does not lie in its price action, but how the technology behind it can be adopted into everyday life.


When Bitcoin inevitably passes the torch, it is likely that Ethereum will be the one to take its place.




 




## Killer Whale Crypto

This article explains why Ethereum may eventually become the world's predominant cryptocurrency

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"The Flippening"

Hardware wallets, or cold wallets have been around for quite some time, relative to cryptocurrency. They offer the highest level of security, compared to every other crypto storage solution, because they are not connected to the internet when they are not in use. In fact, most hardware wallets must be physically plugged into a computer, to access the stored crypto on the device. In this article we will discuss how hardware wallets work and which hardware wallets are recommended right now.

 

**What is the Difference Between a Hardware Wallet and a Flash Drive?**

Hardware wallets may resemble USB memory sticks, or external hard drives at first glance. Flash drives and hardware wallets do in fact share many similarities. The difference between hardware wallets and flash drives, is that hardware wallets are far more secure. After all, hardware wallets are built and programed to be the absolute safest storage solutions for cryptocurrency.


A flash drive can be used to keep cryptocurrency in cold storage, however, it is not a good idea for a plethora of reasons. First, the memory on a USB flash drive will deteriorate over time. If left unattended for long periods, any cryptocurrency keys being stored on a flash drive may become too corrupted to use. If this happens, your cryptocurrency keys are useless and the crypto is essentially gone. Furthermore, some flash drives are highly susceptible to water damage and damage from dust particles, which would also render any cryptocurrency keys stored on the device useless. The security of your cryptocurrency on a USB flash drive, when it’s plugged into the computer is the greatest concern of all. Simply put, flash drives are not meant for cryptocurrency.


Hardware wallets on the other hand, are protected by a variety of different security measures; both physically as well as within the software of the hardware wallet itself. The most important feature of a hardware wallet is that your private key is stored directly inside the device itself. That means no typing it out on the keyboard, or copy/pasting it to authorize a transaction. When transacting cryptocurrency between two wallets, using a plugged-in hardware wallet, the security key is entered by pressing a physical button on the hardware wallet itself. This keeps your private key completely secure from hackers using keylogger software to copy your keystrokes. With a hardware wallet, you will never see your private key, nor will you ever type it.

 

**Finding the Right Hardware Wallet**

No matter what, any reputable hardware wallet, bought from a reputable supplier, is going to be a secure option for storing your crypto. There are a variety of hardware wallets on the market to choose from. Hardware wallets come in many shapes and sizes, at all sorts of price ranges. Modern hardware wallets usually come with other additional features, such as the ability to sync your hardware wallet to an associated cloud-based wallet, in the same way one would utilize a savings and a checking account. Utilities like this are a nice convenience, but what it really boils down to is picking the correct hardware wallet for your level of experience, as well as your preference on how many cryptocurrencies you are planning on keeping in cold storage.

 

**Best Hardware Wallet Companies**	

 

**ColdCard BTC Only Wallets** -- If top-notch security is your highest priority, ColdCard is at the top of the list. ColdCard offers the following features, which are all completely optional

-	A 13 attempt login feature

-	A “Brick Me” PIN: which the user inputs to fry the security element of the device, making it inoperable in the event of a physical attack. The crypto can then be recovered using your “seed words”

-	A “Duress” PIN: which opens a new wallet, with a minimal amount of funding. In the event of a physical attack, you may only end up parting with a small amount of crypto. Somewhat like carrying an extra wallet with a few dollars in it, to keep your regular wallet safe in the event of getting mugged.

 

**Ledger Hardware Wallets** -- Leger wallets fantastic for the price, they are lightweight and so far, un-hackable. Keep in mind however the Leger company itself was hacked in July of 2020, exposing the email addresses, telephone numbers and names of 272,000 customers, although no cryptocurrency was lost as a result of this. Leger wallets offer the following features:

-	Leger supports 1,500 cryptos, across 3 to 6 application platforms

-	Ledger is the original hardware wallet company

-	Ledger hardware wallets are less expensive than most, ranging in price from $60 to $120

 


**Trezor Hardware Wallets** -- Trezor wallets take the cake for ease of use, as well as the number of cryptocurrencies they support, although they do come with a slightly higher price tag than that of the competition. Trezor wallets offer the following features:

-	Trezor is the most user-friendly wallet on the market


-	Trezor supports over 1,600 cryptocurrencies



-	Trezor hardware wallets integrate seamlessly with the Exodus wallet.


 

**Hardware Wallet Safety**

When picking a hardware wallet, it is always important to keep a few things in mind. First, always buy your hardware wallet from a trusted source. Wallets purchased directly from the manufacturer are your safest bet. Second, avoid buying a hardware wallet from a company you just heard about yesterday: Do your own research before you entrust your cold storage to a specific brand. Lastly, the less people who know about your hardware wallet, the better. That being said, Picking out new gadgets is always fun! I wish you all luck in picking out the right hardware wallet for you!




 


## Killer Whale Crypto

This article describes the benefits of hardware wallets and why crypto holders should own one

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What to Know About Hardware Wallets

KuCoin is one of the most advanced and secure cryptocurrency exchanges and is the preferred exchange of Killer Whale Crypto. Based in Singapore, KuCoin exchange was launched on September 15th, 2017, although it was initially founded in 2013, by Michael Gan, Eric Don, Top Lan, Kent Li, John Lee, Jack Zhu, and Linda Lin. In this article we will discuss the fantastic toolbox of features and attributes which separate KuCoin from the pack. Currently KuCoin handles approximately $672.27 million trading volume every 24 hours.

 

**KuCoin Wallet** 

The wallet offered by KuCoin is protected by both multi-layer encryption, and offline cold storage through funds escrow. Furthermore, KuCoin wallet comes with KuCoin profit sharing among holders of KuCoin’s exchange token KCS. Keep in mind this feature is only available for KCS holders, who are storing their KCS tokens in a KuCoin exchange wallet.

 

**Fiat Deposits to KuCoin**

KuCoin makes adding fiat currency to your trading account easy, by accepting deposits in the form of over 50 fiat currencies. The majority of exchanges accept a traditional basket of fiat currencies, which users can deposit to fund their account. These baskets usually consist of USD, EUR, GBP, CAD, and so forth. KuCoin – offering such a wide array of fiat deposit options – is both convenient for users who live in less financially accessible parts of the world, as well as those who are entering into the world of cryptocurrency for the first time. 

KuCoin offers a “Fast Buy” option, which allows users to purchase BTC, ETH, or USDT in just “one click.” Although the basket of fiat currencies which KuCoin accepts for their “Fast Buy” option are limited – In comparison to adding funds using the standard method – this feature does make it convenient for a sizeable portion of their customers to turn their fiat currencies, into crypto.

 

**KCS Initial Coin Offering**

In 2017 KuCoin launched its KCS Initial Coin Offering and raised 27.5 million dollars' worth of Bitcoin. At the time of the ICO, that dollar amount equated to 5500 Bitcoin. KuCoin accumulated this money specifically to hire developers, in order to double the size of their support team, from 50 to 100 developers. At the time of the ICO, the KCS token was offered at $0.25, and since then, has skyrocketed to over $9.00, within 4 years. Looking back at the $0.66 price of KCS in January of 2021, KCS has increased in value by over 1,600% to where it is now. KCS even reached a valuation of approximately $20.00 on April 5th of this year.

 

![KCS chart for KuCoin article.png](https://duj27fxoqhxbb.cloudfront.net/KCS_chart_for_Ku_Coin_article_d3559a92d9.png)


 


**In Conclusion**

KuCoin is a fantastic exchange for new and advanced users alike. KuCoin has projected that 1 out of every 4 cryptocurrency exchange users have a KuCoin account. KuCoin has accumulated an extensive list of cryptocurrencies and has proven itself to be an efficient and powerful exchange. For these reasons, the KuCoin exchange is highly recommended by Killer Whale.

 

If you would like to know more about the data differential between exchanges, click [Here](https://www.killerwhalecrypto.com/article/data-differentials-may-surprise-you)!


 


## Killer Whale Crypto

This article describes the KuCoin cryptocurrency exchange

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KuCoin


With cryptocurrency growing immensely in popularity, applications and market cap, the idea of
regulating and having accountability for the decentralized system it's built upon seems to
be growing as well. In this article we discuss some of the issues with trying to regulate a
decentralized market.

**What exactly is cryptocurrency built upon**

Cryptocurrency, with everything from Bitcoin, to Ethereum and all in between, are run
on decentralized financial networks, or DeFi. Within these networks, investors are allowed to
engage in things such as borrowing, lending and investing while utilizing blockchain technology,
without the use of financial intermediaries, like banks. Blockchains store a secure digital log of
transactions and these individual “blocks” are all linked together in a list all of which combine to
create a blockchain. When blockchains are combined with the DeFi, this creates “smart
contracts” which are enforceable, automated agreements between individuals, all without the
influence of banks or any other unwanted intermediary. With the DeFi market growing worth
upwards of nearly $128 Billion, this shows not only a hugely growing market but hesitance for
some to call for general regulation with cryptocurrency. 
The enormous potential and utilization of DeFi is undoubtable, with it easing international trade,
making payment much more efficient and safe. A main difference is unlike a bank or financial
institution, there is no customer service hotline to call if things go awry. Investors go into
investing in cryptocurrency knowing full well the risks as well as the unique field they're
operating within, but when it comes to millions of dollars being exchanged, there is always the
risk of something nefarious happening. Everything from security failures, to hacks to even total
collapses of a network, thus a relatively new form of investing is not without issue and unlike
banks, there is no stop gap. Banks can be sanctioned or even shut down to protect its
customers, with cryptocurrency it almost feels like the wild west. Anything goes, anyone has the
opportunity to strike gold but also has the chance at being taken down. There is an inherent risk
in investing of any kind but this extra layer of the unknown may be too much for some investors
to handle.

**Can there be cryptocurrency regulation?**

This is a difficult question to answer straight away. There are a multitude of factors to consider,
many of which span continents, different financial regulations, among many other things. DeFi
systems are built on decentralized systems that distribute functions away from a central location
or general authority. Where we know JP Morgan Chase is located at 383 Madison
Avenue in New York, the same cannot be said for Bitcoin. Every node involved, that is a computer, IP or server is located anywhere in the
world and the system makes its own decision. Unlike traditional transactions,
cryptocurrency operates on a global scale, where traditional regulatory standards exist. The
uphill challenge of global coordination is apparent. While some countries have stronger financial
frameworks equipped with regulations, there are countries that are at different, varying stages of
financial development. This alone can be seen as an exploit for some platforms to gravitate
towards, seeing lesser financial regulation as an opportunity.
The answer to all of this isn't obvious but the question surely is: can this all even be regulated?
There has often been discussion of if the cryptocurrency rules set forth by the Financial Actions
Task Force, or FATF, is strong enough. When it comes to the FATF, they really only cover
licensed businesses that allow individuals to trade crypto, the financial exchanges themselves.
But DeFi platforms remain largely untouched. The idea of regulating centralized platforms
leaving others, like DeFi, to operate unperturbed not only does not make very much sense but
will limit the overall effectiveness of crypto industry regulation in general. One possible
solution in mind would be to have specific source code built into decentralized applications,
which would require the developers of the blockchain software to comply. The idea that


 **How can regulation ever be achieved**

In short, yes, but it would be increasingly difficult. Regulators would need a few things: access to
IP addresses, local internet providers cooperation to identify the physical location of people
using the system. Should they look to shut down illegal activities as well as local law
enforcement? Think of this on a global scale. From a cryptocurrency usage scale, this alone could deter
people from jumping into cryptocurrency investing. The sole goal is to dissuade illegal activity,
but it could also send massive ripple waves through the entire cryptocurrency market. While
stopping illegal activities may be the goal of this regulation, it could drive people away from
cryptocurrency investing, period, bringing into question the need for regulation in general. It is a
hard pill to swallow and one that local and international legislators are continuing to try and develop. Recently, the EU and U.S. have proposed legislation that could ban the use of the
DeFi. The Markets in Crypto-Assets Regulation (MiCA) as well as the U.S. Stable Bill were
proposed in 2020. The impossible task of regulation seems to be a little bit more of a reality.

**In conclusion**

We have covered what it would take and the undertaking accompanied with attempting to
regulate a decentralized cryptocurrency market. It does seem like we are inching closer to some
general regulation surrounding cryptocurrency. The trillions of dollars passing
through the cryptocurrency market has made it a target for local and international governments
to take notice of, and while their real target is to deter illegal activities occurring within the
cryptocurrency market, there is no denying that rocking the crypto boat may have more
negatives than positives. Weighing the efficacy of such a regulation brings in more questions
than answers. Cryptocurrency was a way to be in control of our money, be in charge of how our
money operates. No governmental oversight and ultimate financial freedom. The reality is we
are inching closer to just the opposite of that. Oversight and regulation are seemingly just over
the horizon but the question then becomes, will this be a deal breaker for new cryptocurrency
investors?

### Killer Whale Crypto

If you like this article, check out [Ethereum 2.0](https://www.killerwhalecrypto.com/article/ethereum-2-0)

Can a Decentralized Market Ever Be Regulated? 

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More often than not, when cryptocurrency is being discussed there will be one or two
misconceptions or myths tossed around. Unless you are the most savvy of crypto investors,
some of them may appear to be true. In this piece, we debunk some of the most common
cryptocurrency myths you may have heard.

 

**Cryptocurrency and Blockchain are the same exact thing**

False - While the two certainly go hand in hand, it is important to not only know the difference
but understand each role play in the growing cryptocurrency market. Blockchain is the
foundational technology for which cryptocurrency resides upon. Not only that but blockchain
allows for the utilization of many other applications. Blockchain technology is secure and
growing more widespread in its usage. From hospitals sharing medical data to record
companies using the technology to track music royalties, blockchain technology is becoming
more widespread in its utility.
When discussing cryptocurrency, it itself uses blockchain technology for secure encryption in
order to verify when funds are transferred from wallet to wallet. When a transaction happens,
first the network of nodes uses complex algorithms in order to not only verify the transaction but
also create a permanent, unalienable block that is then added to the blockchain. The two
functions help one another, without one it is hard to believe the other would thrive or even exist.

**In order to invest, you need a vast experience in tech to have a fighting chance**

False - With the world of cryptocurrency booming, it is seeing a large influx of new investors into
the game and some would say unless you are deeply entrenched into the tech world, you won't
fare well in cryptocurrency investing. In reality this couldn't be further from the truth. The ease of
investing, buying, trading and selling cryptocurrency is more prevalent today than it was even 10
years ago.
There are apps, guides, and so much helpful information out there to aid the common man
investor that you don't need to have a degree in tech to navigate the crypto world. You don't
need to roll your sleeves up and learn programming to potentially turn an investment in
cryptocurrency. Like any version of investing, it is always crucial to have an understanding of
potential risks and rewards before jumping right in but having financial know-how is more
important than learning coding.

**When it comes to cryptocurrency, all its used for is illegal activity**

False - While cryptocurrency has an unfortunate association with illegal activity with people
using the technology for nefarious reasons, largely due to its anonymity. The reality is a minute
fraction of activity surrounding cryptocurrency is criminal in nature. Analysts estimate that a
mere .34% of cryptocurrency activity was used for illegal purposes according to research from
Chainanalysts. And while there is a level of anonymity related to the blockchain technology for
which cryptocurrency is built upon. While there was a time when a majority of Bitcoin activity
was concentrated and used within black markets, it is more evident that today a majority of
activity is legitimate and legal.
With some of the few myths debunked in this article, hopefully you can feel more confident with
the state of cryptocurrency and other digital assets.

 

## Killer Whale Crypto

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Debunking Crypto Myths

**What is cryptocurrency and why is it popular?**

You have watched the news, listened to the radio, seen postings on social media. From memes, to Twitter wars to cryptocurrencies
named after dogs, there has been plenty of coverage surrounding their existence, uses and potential. A world without centralized banks managing our money, a future giving us
ultimate financial freedom. Central banks will reduce the value of your money through inflation, this is not the case with
cryptocurrency. The decentralized processing technology that is the core of cryptocurrency is
much more secure than traditional banks, and with cryptocurrency only gaining popularity and
market cap over time, it is safe to say cryptocurrency investing is not going anywhere anytime soon.
With thousands of differently named cryptocurrency floating around, it can be difficult to
forecast which cryptocurrencies to invest in. The main stagers, mineable coins such as Bitcoin
(BTC), Ethereum (ETH) and Litecoin (LTC) amongst many other protocols. Cryptocurrency
is a digital asset, and since cryptocurrency investing is relatively
new, the volatility of the market is ever present. While we hear courageous stories of people
making a fortune, there are also stories of people losing big. Investing is
always a risk and the most knowledgeable investors still make mistakes. The truth is, investing in
cryptocurrency is not foolproof. The future does look brighter as
systems and safety measures are becoming more airtight.

 

**But is it worth it?**

There is copious potential out there, if you arm yourself with knowledge and read
the fine print. Having a knowledgeability of assets is how you gain an advantage within the market. A good rule of thumb is to diversify your portfolio, by investing in assets you believe will express long term palpability. Cryptocurrency will become more widespread over
time, making it all the more valuable to own.

Companies such as Square, and PayPal offering the ability to exchange cryptocurrency within their own networks, will potentially supplement the market with capitol, which may not have effected the world of cryptocurrency otherwise. When searching for the right cryptocurrency to invest in, weighing a “get rich
quicker” cryptocurrency vs. a long term investment is often the first question investors ask
themselves. The crypto heavyweights such as Bitcoin, Ethereum and Litecoin, the general belief
is that these will not only continue to stand out but that their gaining value is the reason they are regarded as great long-term cryptocurrency investments.

If jumping into the cryptocurrency market seems too risky,
there are other ways to potentially make money on the rising cryptocurrency market. Investing in companies such as PayPal, Square, MicroStrategy, CME Group, Galaxy Digital, IBM and Coinbase, are examples of opportunities for investors to achieve traditional and institutionally backed market gains which are deeply correlated with the cryptocurrency markets.

There's no way around cryptocurrency being a risky investment. After all, cryptocurrency has only been around for north of 12 years, in comparison to the first trading day on WallStreet, which occurred 92 years ago. The fundamental difference between this newly emerging market, and its predecessors, is the wealth of knowledge which has been accumulated over time. We are fortunate to be able to enter the world of cryptocurrency at a point in time in which advanced trading tools, such as Killer Whale Signals and Strategies, are right at our digital fingertips! 

The Killer Whale team is dedicated to guiding our pod and perspective community members alike through the trials and tribulations we encounter in cryptocurrency trading. Killer Whale utilizes algorithmic intelligence and mathematics to calculate market scenarios. This gives Killer Whale members a unique advantage that puts the volatile odds of the Cryptocurrency market in our favor!

In this article, we discuss the risk/reward associated with investing in cryptocurrency and if virtual currency will be worth the potential payoff.

Cryptocurrency Investing 

Several months ago Killer Whale briefly discussed the Theta 3.0 update in our article [THETA Coin Review](https://www.killerwhalecrypto.com/article/theta-review).
For everyone who is familiar with Theta, Theta.tv, Theta Edgecast, and the Theta blockchain itself, feel free to skip ahead! For those of you who are not familiar with these topics, I’d encourage you to read our “Theta Review” article. This article highlights the most prominent aspects of Theta’s developing governance token: Theta token (THETA), as well as Theta’s utility token: Theta Fuel (TFUEL).

 

Now that everyone is up to speed, let’s get going!

 

**Enterprise Validator Nodes**

 

Back in 2019, Theta Labs operated the majority of the Validator Nodes responsible for maintaining the Theta Blockchain. This was during the 1.0 generation of the Theta mainnet. This has drastically changed within the last several years. Currently, Theta’s mainnet is approaching full decentralization. this is due to the fact that many large corporations have taken the initiative to operate Theta Validation nodes themselves. These nodes are referred to as “Enterprise Validator nodes.”

 

Currently Theta’s Enterprise Validator Nodes are run by:

- CCA
- Google
- Sony
- Binance
- Gumi
- Blockchain.com
- An unnamed private equity investment group


 

**Theta has increased gas fees**

As the Theta network gains prominence flood spam attacks could pose a risk to Theta’s blockchain integrity. the most effective way to protect Theta is to increase the gas fee of the network protocol, to a point that a flood spam attack would be too costly to attempt. The development of NFT’s, video platform rewards/micropayments, dapps and DeFi dapps on the Theta blockchain will still be 90 to 95 percent cheaper than those developed on the Ethereum blockchain.

The Theta blockchain is currently processing 100,000 transactions per day. 4 percent of which are attributed to minting and buy/sell operations of NFT’s. Theta forecasts the network will be processing 600,000 NFT smart contract interactions per day, with the introduction of the mainnet 3.0 upgrade. As TFUEL is burned in smart contract interactions, this will lead to approximately 250 million TFUEL to be burned annually. This rate of burn will neutralize the majority of TFUEL inflation.

![theta 3.0.png](https://duj27fxoqhxbb.cloudfront.net/theta_3_0_b8f886874e.png)

 

**TFUEL burning**

One of the key protocol extensions introduced to Theta is the burning of TFUEL. Elite edge nodes will burn at least 25 percent of TFUEL used as payment to the network. Transaction fees and smart contract fees are also burned to perpetually remove TFUEL from circulation. Current transaction fees on the Theta network are 0.3 TFUEL to send transactions, 1 TFUEL to interact with a smart contract, and 20 TFUEL to deploy a smart contract.

 

![tfuel chart 3.0.png](https://duj27fxoqhxbb.cloudfront.net/tfuel_chart_3_0_cda0f6bfe0.png)

**TFUEL staking**

In addition to TFUEL burning, Theta Edge Node users will now be able to stake their TFUEL. There is a minimum staking balance of 10,000 TFUEL and a maximum staking balance of 100,000 TFUEL. To incentivize TFUEL staking, each month 300,000 TFUEL tokens will be divided and distributed to stakers of TFUEL. 

 

**Theta’s progress**

Theta now boasts 150 thousand TFUEL stakers as well as 30 thousand Elite Edge nodes. Its clear that the Theta community has high expectations for the mainnet 3.0 upgrade. These are expectations that we believe Theta will meet.

What is happening now, and what will change soon on January 30th, 2021

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THETA 3.0 update!

The history of cryptocurrencies have a long and storied origin, much of which is relatively
unknown to the public. In this article, we discuss the history of cryptocurrencies, a few
recognizable coins and the bright future for cryptocurrency.

 

## Where did cryptocurrency come from:

 

The year is 1983, the TV show ‘Wheel of Fortune’ begins its syndication. Pioneer 10 passed the
orbit of Neptune as the first man-made object to leave the vicinity of the major planets, and
American cryptographer David Chaum conceived an anonymous cryptographic electronic
money called eCash. With eCash, the user could spend the digital money at any shop accepting
eCash, without having to open an account with the vendor first, or transmitting credit card numbers.
Security was ensured by public key digital signature schemes. This allowed the new digital currency
to be untraceable by banks, the government or any third party. A currency without limitations was
conceived. Cryptocurrency was introduced to the world.

In 1996, the National Security Agency went on to publish a paper entitled How to Make a Mint: the
Cryptography of Anonymous Electronic Cash. It went on to describe an early blueprint of a
Cryptocurrency system, which was first published within an MIT mailing list. Humble beginnings for
what we know of cryptocurrency today. Fast-forward to 1998, Wei Dai, a computer engineer from the
University of Washington, published a description of “b-money”, an anonymous, distributed
electronic cash system. Soon thereafter, Nick Szabo described it as “bit gold”. Much like Bitcoin and
many cryptocurrencies following after, bit gold was described as a type of electronic currency that
required users to complete a proof-of-work function.

Now going forward to 2009, the very first decentralized cryptocurrency, Bitcoin, was created by
developer Satoshi Nakamoto. Along with its inception, it used SHA-256, a cryptographic hash
function within a proof-of-work scheme. What followed was an influx of coins that helped shape what
we know of now with cryptocurrency. Namecoin was created as an attempt at forming a
decentralized DNS, which inevitably would make internet censorship much more difficult. Soon after
that, in 2011, Litecoin was released, which used a hash function outside SHA-256. Then Peercoin
was created which used a proof-of-work/proof-of-stake hybrid. These coins helped shape and mold
much of which we know about cryptocurrency today.

 

## Too many cryptocurrencies too soon?

 

With an influx of new cryptocurrency coming in almost daily, is the dilution of cryptocurrency too
much? With Bitcoin being the ultimate trendsetter, the brand-new wave of cryptocurrencies built ondecentralized networks has not only garnered a legion of new followers but a chasm of new money.
Since Bitcoin’s rise, the next great digital cryptocurrency may pop up as early as tomorrow. It is such
a new market that many of the newer cryptocurrencies are popularized by word of mouth, or a
simple tweet if you are Elon Musk. Even for the casual observer, it is more than just about coins.
Other virtual cryptocurrencies such as Ethereum are being used to create entire decentralized
financial systems to help ease those who don’t have access to traditional financial products. Some
cryptocurrency coins boasts the ability to handle more transactions, others use algorithms like
proof-of-stake, and some other cryptocurrencies simply have been hyped beyond comprehension, it
can be hard to keep up with the ever-growing market.

In the bridging of the gap from there being only virtual cryptocurrency coins to the physical world with
credit cards associated with them, it is important to note that a vast majority of cryptocurrency
remain largely intangible. The freedom from government manipulation is partly what makes
cryptocurrency so appealing but just how long will that be a reality many wonder with the
groundwork foundational aspect of the industry coming under fire as of late. As recent as May 2021,
the U.S. Treasury Department has made calls for much stricter cryptocurrency compliance when it
comes to reporting to the IRS. In some cases we are talking about hundreds of millions of dollars,
with some chief concerns being facilitating illegal activity broadly including tax evasion. According to
the Treasury department's estimates, the difference between cryptocurrency taxes owed to the U.S.
government and those actually paid totaled nearly $600 billion in 2019 alone. With figures that astronomical, it was only a matter of time for cryptocurrency, right?

 

## What will happen next with government cryptocurrency involvement?

 

With longtime cryptocurrency expert Gary Gensler at the head of the Securities and Exchanges
Commission, or SEC, financial advice firm Raymond James expects it is only a matter of time until
Congress steps in and grants the regulator broader jurisdiction.

 

“Chairman Gensler is viewed as a potential ally for cryptocurrencies as a former professor on the
topic; however, these statements are likely to revisit debates regarding the regulatory risk to
cryptocurrencies and exchanges”

 

- Raymond James analyst, Ed Mills
While some see this as overstepping, others are quick to point out that allowing the SEC to regulate
cryptocurrency exchanges to ensure investors are protected and to halt or even prevent market
manipulation. Short term, this could send ripple waves throughout the cryptocurrency community,
however long term regulation could further add legitimacy to the cryptocurrency class, and may
provide a regulatory pathway around existing cryptocurrency exchanges. There are valid arguments
on both sides of the virtual coin.
On the opposite spectrum, with China now refusing to recognize cryptocurrency as legal tender, all
the while their banking systems are not accepting cryptocurrencies. This ban includes not offering
cryptocurrency related services, including but not limited to account openings, registration, trading,
clearing, settlement and insurance, all but reiterating a ban already set in 2017. But also making it
clear institutions must not accept virtual cryptocurrencies, or use them as a means of payment orsettlement, all the while not allowing institutions to provide services between cryptocurrency and the
yuan or foreign currencies. While some may see this as gross overstepping, others would challenge
by saying protecting people and their property. The history of cryptocurrency has shown us it can
boomerang from anything but this new blow may have lasting implications.

 

## In cryptocurrency conclusion:

 

Cryptocurrencies aren’t going anywhere anytime soon. Long before it was popular, Bitcoin made
investors realize there was a reality such as the one we enjoy today. The deepening divide between
government regulation and the desire to leave cryptocurrency untouched will only grow deeper.
Highly respected cryptocurrency such as Bitcoin are only growing in popularity, the end is nowhere in
sight. And with smaller cryptocurrency coins such as Dogecoin driving new investors into its camp
daily, fists full of new money for the coin, seasoned investors often wonder when the rocket of
popularity will land and what the ramifications may be. The history of cryptocurrency is set in stone
but the future may not be, or at least what we know of it. Cryptocurrency is ever-evolving, and if you
blink, it may pass you by.

 

# Killer Whale Crypto

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Brief History of Cryptocurrency

## Theta Review:

An elegant amalgamation of blockchain technology and video streaming

We are all familiar with the predominance of video streaming services in the world of internet media. Although the exact number is not precise due to the consistency of technological advancement, it has been projected that video streaming services currently account for 82 percent of internet traffic.
In fact, the global video streaming market size value in 2021 is worth approximately 59 billion USD but is expected to grow further. As great as this sounds, current video streaming services are struggling to provide the adequate resolution and speeds that the growing market demands. Much of this problem can be attributed to the fact that most video streaming services are built upon a centralized infrastructure.

## Enter Theta:

Theta is a project of San Francisco based software company Theta Labs. It was created in 2017 by founders Mitch Liu and Jieyi Long, in an effort to correct several issues with their previous project Theta.tv.
 The project was created to provide consistent and high-resolution video streaming by utilizing blockchain technology. Theta.tv is now capable of streaming video in both 4K and 8K resolutions with little to no buffering required. The Theta network is also designed to effectively support any higher resolutions that are expected to become available in the near future.

Traditional Content Delivery Networks (CDNs) rely on a small number of servers to relay video data directly to the viewer. Theta differs from other CDNs by broadcasting media from servers to specific users who act as nodes. 
These nodes cache the video data. Theta then uses the excess upload bandwidth of the node to share the video data with other users and viewers. This is how theta can achieve high resolution video streaming at a much lower cost than that of the traditional CDNs
Theta rewards users who contribute to the network with Theta Fuel. Theta also rewards viewers with a smaller amount of Theta Fuel for simply watching videos on the Theta.tv streaming service.

There are two native cryptocurrencies on the Theta Blockchain. Theta coin (THETA) and Theta Fuel (TFUEL).
Theta Coin is currently used primarily for staking, although it will eventually be used as a governance token
 Theta fuel is primarily used for the purpose of executing transactions within the Theta network. It functions similarly to Ethereum’s GAS, however Theta Fuel itself can be traded and held as an independent cryptocurrency. Theta fuel is also used on the Theta blockchain to pay for the minting and moving of fungible and non-fungible assets, including the minting of the Theta Coin itself. Because Theta Fuel is required for minting of Theta Coin, it has great potential to become a deflationary asset when Theta 3.0 is released on June 30th 2021

## Theta EdgeCast:

Theta EdgeCast is the worlds first fully decentralized video streaming Dapp built on Theta’s native blockchain technology. Although the project is still in beta, it already boasts a fantastic technology stack. Theta EdgeCast can capture video and transcode it in real time. This means video can be broadcasted to smartphones, laptops or smart televisions as its being recorded. The delay is only determined by network latency. There are currently over 9,000 users who act as EdgeCast nodes in operation. These are the same nodes that cache the video data for the THETA.tv streaming service.

## Theta 3.0:

The Theta 3.0 upgrade is entirely focused on adding more Edge Nodes to the EdgeCast network. As mentioned earlier in this article, current Edge Nodes are rewarded with Theta Fuel for their contribution to the Theta network. On June 30th2021 Theta will allow nodes to stake Theta Fuel. Nodes staking Theta Fuel will then become Elite Edge Nodes, which earn more Theta Fuel than regular Edge Nodes. This excess Theta Fuel will be determined by the amount of network uptime and Theta Fuel staked. Theta is doing this in the hopes of incentivizing more users to become nodes. On top of all that, 25 percent of all Theta Fuel involved in transactions on the EdgeCast network will be burned. Theta Fuel is currently 5 percent inflationary however the 3.0 upgrade will increase Theta Fuel to around 2 to 4 percent inflation.



An elegant amalgamation of blockchain technology and video streaming

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THETA Review

# NANO Coin Review

 

## Fast and free transfers

 

## There is something to be said for beauty in simplicity, especially within the world of cryptocurrency. Today we are talking about NANO.

 

## NANO formally known as Raiblocks (XRB) is a lightweight cryptocurrency that operates on Directed Acyclic Graph technology (DAGS), rather than traditional blockchain technology.

 

![Screenshot 2021-05-07 231004.png](https://duj27fxoqhxbb.cloudfront.net/Screenshot_2021_05_07_231004_ac92e1e897.png)

 

## This gives NANO a technical edge over many other coins:

 

### The NANO network settles transactions more quickly than other coins, because each individual NANO address has its own blockchain. The individual blockchain only records transaction history between itself, and the other NANO addresses it has interacted with. Because there is no complete blockchain required to process transactions between addresses, the transactions on the NANO network are settled almost instantaneously.

 

 ## The NANO network is so fast that the speed of transactions is only determined by network latency!

 

## NANO transactions are both FAST AND FREE!

 

### The team behind NANO aimed to create a cryptocurrency that would be more appealing to use than fiat currency to transfer value, regardless of the amount. NANO is fully DeFi and all 130 million tokens were minted during genesis. This means there can be no staking or mining rewards.

 

## NANO is purely dedicated to functioning simply, smoothly and efficiently. 

 

## NANO has no second layers and no smart contracts. Due to the lack of complex architecture and blockchain, NANO is theoretically infinitely scalable in size without compromise.

 

## NANO is also energy efficient!

 

### On average, Bitcoin (BTC) transactions consume approximately 707.6 kWh of electricity per transaction. A single bitcoin transaction uses roughly equivalent to the power consumed by an average U.S. household over 24 days. NANO on the other hand only uses 0.000112 kWh of electricity to process a transaction. This makes NANO one of the most environmentally conscious coins existing within the cryptocurrency market.

 

---

 

### Now that we have some familiarity with the NANO project, lets take a look at a chart and discuss what we can speculate for the near future of NANO.

 

### Let's talk about the NANO/USDT chart below. There has been an extended period of consolidating price action since April 18th 2021. You will notice since the initial blow off there has been a quiet accumulation by the composite operators. This kind of accumulation comes when market participants are not willing to give up ground to one side or the other. In a bullish trend the bias remains in the camp of upward price action. 

 

### You will notice the bubble is where I began sending Premium signals. The moment the price action broke above the 2nd Point of Demand (white line just below the price action) on the 4hr timescale is the exact moment that the accumulation phase of this consolidative period came to an end. Now we are just waiting for the remaining supply to be absorbed, once absorbed there is little resistance on the way to the top target of $14.00. Strap in this should be a fun one!

 

![Screenshot NANO 2021-05-07 230819.png](https://duj27fxoqhxbb.cloudfront.net/Screenshot_NANO_2021_05_07_230819_9289dcf1b0.png)

 

## Stay Strong Friends!

 

# Killer Whale Crypto

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NANO Coin Review

# Algorand (ALGO) Coin Review

 

## Algorand is a secure, decentralized scalable cryptocurrency and smart contract platform that is worth getting to know! In this article we will discuss two big driving forces that put ALGO on our suggested coin list. 

 

## We will cover the usefulness of ALGO in everyday cryptocurrency transactions:

 

ALGO is a fantastic method for quick peer to peer transfers typically taking less than 30 seconds to perform a transaction. In fact, the transaction speed of ALGO is nearly instantaneous. The Algorand Blockchain achieves this by way of Atomic Transfer. Algorand Atomic Transfer is built into the first layer of the Algorand Blockchain. An Atomic Transfer is an irreducible batch transfer of assets. To put it simply, all the transactions happening within an Atomic Transfer need to go through, or none of them go through. This feature of the Algorand Blockchain guarantees safe transactions, and incredibly fast speeds!
The cost of a transaction on the Algorand Blockchain is 0.1-1 ALGO. Currently 1 ALGO is worth about $1.40 USD. This means you can use ALGO to send both large and small transactions instantaneously for around the cost of 1 USD! 

 

Now that we have covered the usefulness of ALGO, let’s discuss why The Algorand Blockchain is being used for a multitude of DeFi projects. We will also discuss how the projects being built on the Algorand Blockchain can lead to bullish price action for the ALGO coin. Previous cryptocurrencies have seen problems with security and overall usefulness their the blockchain grows in scale. Algorand is different than many other DeFi projects, in that many of Algorand’s most useful features are built in to the first level of the Algorand Blockchain. This is useful for developers who are building on the Algorand Blockchain and users alike. Basically, the Algorand Blockchain can continue to scale in size without compromising its own efficiency.

 

## Algorand’s value as a secure, scalable and decentralized platform is not it's only bullish quality: 

 

The Algorand Foundation is another big driving force. The Algorand Foundation offers grants to developers who are building on the Algorand Blockchain. The foundation has reserved $250M USD which is strictly used to fund Algorand blockchain based projects. For traders of ALGO this means grater stability of the ALGO coin.

 

Algorand is currently making some big moves in the world of smart contracts. The Republic of the Marshall Islands has selected Algorand to power its sovereign national currency known as SOV! This is the first instance of a nation adopting a standard digital currency in history! The Marshall Islands SOV currency will circulate alongside the US Dollar and is primarily intended to aid the Marshall Islands participation in the global economy. 

 

The Republic of the Marshall Islands is a small island chain, near the equator of the Pacific Ocean. It is a group of 1,100 islands, spanning over 1,207,008 square kilometers of oceanwater and has has a population of 50,000 residents. The Marshall Islands chose Algorand to host their native digital currency specifically because of its speed, scalability and security. The ALGO cryptocurrency is about to have a unique kind backing, one of a sovereign nation. This milestone moment in cryptocurrency history is taking place on the Algorand Blockchain.

 

## The team behind Algorand is impressive as well: 

 

Algorand was Founded by award winning MIT professor Silvio Micali. He is an expert in cryptography as well as secure protocols and pseudo-random generation. Silvio Micali is the cofounder of Zero knowledge proofs; a system for anonymously verifying a specific value between two parties which eliminates the risk of either party gathering any shared information beyond the specific value that both parties have agreed upon determining. Silvio Micali also has business experience as the CMO of LogMeIn: a cloud based remote work tool for IP management as well as collaboration, by giving administrators and users access to remote computers.

 

# Now lets look at a chart!

 

### The image below is ALGO/USDT and you will notice there is an Inverse Head and Shoulder Pattern. In addition to the Inverse Head and Shoulders Pattern the horizontal gold line on the chart represents resistance from 02/16/2021 that is being broken. ALGO has been in a sideways consolidation patter for over 2 months, this is a perfect example of a time based correction with coinciding factors. The price action of ALGO is above all 3 Killer Whale Points of Demand forming a discernable bullish pattern and breaking historical resistance.... hmmm. Read this > [article](https://www.killerwhalecrypto.com/article/all-about-moving-averages) to find description for Killer Whale Points of Demand. 

 

![Screenshot ALGO Chart 2021-04-30 212246.png](https://duj27fxoqhxbb.cloudfront.net/Screenshot_ALGO_Chart_2021_04_30_212246_a8f76da9bf.png)

 

## As Always Stay Strong Friends!

 

# Killer Whale Crypto

Why ALGO has a spot on our suggested coin list

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ALGO coin review

<h1>How do Crypto Trading Bots Work?</h1>

 

In the realm of cryptocurrency trading, there are a few available tools that allow users to stay on top of the market as well as potentially make some money, and one of those tools is crypto trading bots.

 

Crypto bots are software programs that execute functions using artificial intelligence based on pre-established parameters set by the user. With the parameters set, there are no more missed opportunities or missed trades. No matter the time of day, you can safely and automatically buy, sell or hold assets.

 

One of the benefits of utilizing crypto trading bots is the seamlessness of the program. Some come with an internet browsing plug-in allowing the trader to interact with the bot. Others offer standard operating systems that come as downloadable apps. And some even come in the form of specific software designed for cryptocurrency exchanges. Users simply do not have the time to constantly watch market trends or dips, it would be nearly impossible to try and track across all markets available. With bots, they track 24/7 across the global markets and can alert the trader when a certain type of crypto drops. As long as they are set with the user’s specific parameters in mind, they can make trades instantaneously. When human error can spring up, crypto trading bots can alleviate those stresses.

 

We’ve covered a little on what crypto bots are but it’s important to remember there are 4 main types of crypto trading bots: trend-trading bots, arbitrage bots, coin-lending bots, and market-making bots. 

 

<h2>What are Trend-Trading Bots?</h2>

 

Trend-trading bots attempt to capture gains through the analysis of an asset’s momentum in a particular direction track. When implementing a stop-loss, discerning trends can be useful in order to capture profits or prevent losses.

 

<h2>What are Arbitrage Bots?</h2>

 

Arbitrage bots are used to identify inefficiencies and prices across different markets. They are used to capitalize on price differences between exchanges. This difference in price is know as arbitrage. 

 

<h2>What are Coin-Lending Bots?</h2>

 

Coin-lending bots allow users to lend cryptocurrencies at advantageous interest rates with limited risk. They automate the process, mitigate volatile interest rates, and loan repayments by borrowers.

 

<h2>What are Market-Making Bots?</h2>

 

Market-making bots can turn a profit on the difference between the ask (selling price) and the bid (buying price) which is called the spread. When trading products with a spread, a trader will hope that the market price will move beyond the price of the spread. If this happens, it means that the trade can be closed for a profit. If the price doesn’t move beyond the cost of the spread, the trader could close their trade at a loss, even if the market moves in the direction they have predicted.

 

<h2>What are Inter-Exchange Arbitrage Bots?</h2>

 

While we’ve covered single exchange crypto trading bots, let’s discuss inter-exchange arbitrage. With an arbitrage bot, it involves taking advantage of the price differences of a single asset across many different trading platforms. For example, if bitcoin or another cryptocurrency is trading at $9,000 on one exchange and $8,950 on another, an arbitrage bot could buy the asset on the exchange where it’s cheaper and sell it on the one where the price is higher. Often these methods are used in conjunction with one another. 

 

The crypto trading bot programs communicate directly with crypto exchanges and place orders automatically depending on your preset conditions. By communicating directly with crypto exchanges, the bots place orders automatically and instantaneously. These bots work at an exceptional speed, much faster than any human could. And unlike humans, the bot offers emotionless trading. When it comes to trading volatile cryptocurrencies, it’s emotional work. And with emotions, comes potential judgment errors. Around 39% of manual traders are influenced by our emotional states, which may lead us to irrational decisions. While the bots offer speed, efficiency, fewer errors, and emotionless trading, there can be a downside.

 

If you are looking for a get-rich-quick scheme, trading bots are not for you. Crypto trading bots certainly can help anyone who uses them but the true intention is minimizing risks. Crypto trading bots only provide marginal returns even when used optimally. Second, many of the bots are simply not designed well. Lastly, and most crucially, the utilization of the bot requires a deep level of knowledge of digital currency markets teamed with an exceptional supporting investment plan. Markets change, strategies alter and if you put all your eggs into one basket, it could spell trouble. For investors, a crypto trading bot can become a useful tool to aid in cryptocurrency trading but always be sure to read into fees, regulations, and preferences when shopping around, not all bots are created equal. 

 

When it comes to crypto trading bots, ultimately they offer a number of advantages to users and when used optimally, it can be an incredible tool in the changing crypto markets. Having a thorough knowledge of how these bots operate will undoubtedly help you in the selection of the preferred one you like.

 

<h2>Getting started with bots?</h2> 

 

Killer Whale offers proven strategies to make money in any market condition. From Killer Whale Pro to Premium, we offer free templates that will be adjusted according to market conditions. Our signals and strategies are updated for current market circumstances as needed. If you want to learn more about our products [Click HERE](https://www.killerwhalecrypto.com/getting-started)

 

# Killer Whale Crypto

Crypto Trading Bots Can Enhance Your Experience

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How Do Crypto Trading Bots Work?

### Charts on Trading View to Keep on your Radar:

 - TOTAL (Total Cryptocurrency Market Cap)
 - TOTAL2 (Total Cryptocurrency Market Cap Excluding BTC)
 - BTC.D (Bitcoin Dominance Chart)

The principal of how these charts correlate will take your trading to the next level!!

 

### Recognizing the movements of these 3 charts will drastically improve the way you look at Cryptocurrency Markets. General rules to follow:

 - If BTC Dominance is rising Bitcoin will outperform Altcoins in the short to mid term
 - If TOTAL2 is rising Altcoins will outperform Bitcoin in the short to mid term
 - If TOTAL is rising or falling the entire Cryptocurrency Market is rising or falling

 

### That being said I would like to make a few notations:

The Chart below is the **BTC.D** on the **Daily Timescale**. This is an idea of what we could see in the near future. Bitcoin could once again take the spotlight and start to outperform Altcoins in the short to mid term future and potentially begin to for a Head and Shoulders Pattern. What this would mean is Altcoins could stay somewhat stagnant if Bitcoin decides to gain some traction in the coming weeks. 

 

![BTC.D Head and shoulders formation 2.24.21.png](https://duj27fxoqhxbb.cloudfront.net/BTC_D_Head_and_shoulders_formation_2_24_21_7d52010501.png)

 

The Chart below is the **TOTAL2** Chart on the **Daily Timescale**. Notice how the Price action is currently attempting a bounce off of the previous All Time High at $490B. So what are you worried about? Sometimes we need a little confirmation of the inevitable fact that there is a concrete floor being built where the ceiling once was. 

 

![TOTAL 2 Chart 2.24.21.png](https://duj27fxoqhxbb.cloudfront.net/TOTAL_2_Chart_2_24_21_f4206805db.png)

 

The Chart Below is the **TOTAL** Chart on the **Daily Timescale**. This Chart blows my mind every time I look at it. Yesterdays' "Drop" looks just like any other little blip on the chart. It would be completely bullish and still within the parabola line if we traveled sideways with bearish under tones for another month or two. Do we want this to happen? Well maybe, consider how much we can all learn about this **Market Cycle** if we only had another month to study!! Think about it!!

 

![TOTAL Chart 2.24.21.png](https://duj27fxoqhxbb.cloudfront.net/TOTAL_Chart_2_24_21_1193a99106.png)

 

## As Always, Stay Strong Friends!!

## Killer Whale Crypto

This recent correction is exactly what we need for the next legs of this market cycle!

How to Identify Crypto Market Cycles with Three Charts

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