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PoloTrade365 Review – Is PoloTrade365 Scam or Legit?

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PoloTrade365 Review - Is PoloTrade365 Scam or Legit?

Account Types9.2

Trading Speed9.4

Customer Service9.5

Safety9.3

Read our PoloTrade365 review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this PoloTrade365 review before you sign up with the broker.


PoloTrade365 Review

PoloTrade365 logo

If you are looking for a reliable and reputable broker, PoloTrade365 is a good option that offers a wide range of financial instruments for trading including forex, stocks, indices, commodities, and more. PoloTrade365 offers a user-friendly trading platform and a variety of account types to suit the needs of different traders.

The company also provides 24/7 customer support and a comprehensive education centre to help traders learn about the financial markets and develop their trading skills. Read more in this PoloTrade365 review.

What Is PoloTrade365?

PoloTrade365 is an online broker offering clients a wide range of services. These include online trading in various financial instruments and providing research and analysis tools to help them make informed decisions about their investments. It is one of the fewest brokers that support the Arabic language.

The broker offers a variety of trading platforms to suit different needs and preferences and provides customer support 24 hours a day. Clients can always get in touch with someone if they have any questions or problems.

Services Offered by PoloTrade365

PoloTrade365 is an online platform that offers a wide range of services to its users. These services include online trading, asset management, and market research. The platform has a straightforward layout and a variety of investment tools to assist customers in making educated choices. The platform also offers a range of educational resources to help users understand the markets and the investment process.

PoloTrade365 website

Customer Support

Polotrade365 is one of the leading online trading platforms in the world. They offer customer support through a variety of channels, including live chat, email, and phone. Their customer support team is available 24/7 to help traders with any questions or concerns they may have.

In addition, PoloTrade365 offers a comprehensive FAQ section on its website that covers a wide range of topics.

Device Accessibility

PoloTrade365 is a mobile trading app available for Android and iOS devices. The app is designed to allow users to trade forex, CFDs, and cryptocurrencies on the go. The app is available in both English and Chinese and provides a variety of features to help users make the most of their trading experience. The app is free to download and is available now in the App Store and Google Play.

Deposit and Withdrawals

If you’re looking for an online broker that makes it easy to deposit and withdraw funds, then PoloTrade365 is an excellent choice. PoloTrade365 is an online trading platform that allows users to deposit and withdraw funds from their accounts.

When it comes to withdrawing your profits, you can do so quickly and easily with a few clicks. Plus, there are no hidden fees or charges.

Security

Polotrade365 is a secure online platform that enables you to buy and sell cryptocurrency. The platform uses the latest security technologies to protect your account and personal information.

All data is encrypted and stored securely. You can rest assured that your account and personal information are safe with PoloTrade365. They use SSL certificates and 2-factor authentication to protect your account. They also have a dedicated security team that monitors for any suspicious activity.

Educational Resources

PoloTrade365 provides educational resources to help people trade easily. The website offers a variety of resources, including tutorials, videos, and articles, that explain how to trade different types of assets.

PoloTrade365 also provides a demo account so users can practice trading before investing real money. The educational resources on PoloTrade365 are designed to help users learn about the financial markets and how to trade them.

Trading Tools

PoloTrade365 is an online trading platform that provides users with a variety of powerful trading tools. With these tools, users can trade a variety of financial instruments, including stocks, bonds, options, and futures. The platform also provides users with access to real-time market data and news, as well as a variety of research tools. The platform offers a variety of charts and indicators that can be used to identify trends and make predictions about future price movements.

Conclusion

PoloTrade365 is an online trading platform that offers a variety of financial instruments to its clients. These include forex, CFDs, stocks, options, and more. Overall, PoloTrade365 is a reliable and reputable broker offering excellent service to its clients. If you are looking for an online trading broker, then PoloTrade365 is worth considering.

Account Types9.2

Trading Speed9.4

Customer Service9.5

Safety9.3

Read our PoloTrade365 review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this PoloTrade365 review before you sign up with the broker.


Tokenhell.com produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: info@tokenhell.com. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.


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Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools

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50% of Bitcoin hashrate Controlled by Two Mining Pools

Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held by Foundry USA and Antpool. 

A Highly Centralized Mining Network

Foundry USA has maintained a hashrate of over 30% of the total Bitcoin network for several weeks. It became the first mining pool of non-Chinese origin to lead the list in November 2021, following the ban on Bitcoin mining in China in the middle of the same year. 

Back then, Foundry USA contributed 17% of the total Bitcoin hashrate. Today, the US-based pool averages 34.1% of the mining power, equivalent to about 104 EH/s, considering that the Bitcoin hashrate is around 300 EH/S. 

Related Reading: First Bitcoin Mining Powered By Nuclear Energy To Open In The U.S. In Q1 This Year 

Antpool comes in second with about 18.0% of the total hashrate equivalent to about 58 EH/s. The Chinese-based pool used to be the largest Bitcoin pool but was affected by the ban on crypto mining which caused several miners in the region to migrate. 

Bitcoin Pool distribution records on Dec. 29, 2022 (3-day stats)/Mempool.com

What Is Behind This Trend?

The graph shows that over 80% of Bitcoin’s mining power is concentrated among just 5 pools. This contrasts with the beginning of 2022, when these five mining pools barely exceeded 60% of the hashrate. 

Some factors could have contributed to this rise. One of which is the location of the servers of the said pools. The closer the servers are to the pools and mining facilities, the lower the information transfer latency. This means that a miner will likely get more shares in the mining process and earn more Bitcoin (BTC) by connecting to a closer server. 

Bitcoin hashrate difficulty
Bitcoin hashrate difficulty for January/CoinWarz.com

Another factor is the financial incentives offered by these major mining pools. Bigger mining pools can consistently distribute profits to their members, who pay a commission for mining with their resources, driving more miners to their ecosystem. This is evident with the high mining difficulty in recent weeks due to the bullish movement of Bitcoin, making it difficult for smaller mining pools to be profitable. 

Related Reading: Why The S&P 500 Could Help Send Bitcoin Soaring Higher

However, Bitcoin’s highly centralized mining system poses significant dangers to the cryptocurrency. The miners could agree to reject transactions that do not meet a specific parameter leading to a 51% attack. 

We’ve seen such attacks occur on other Proof-of-Work blockchains like Ethereum Classic, which could be a problem for Bitcoin. In addition, these pools are recognized companies and could face pressures from regulatory agencies trying to control activities on the Bitcoin network. 

Bitcoin Price

So far, Bitcoin is still maintaining its bullish trend, with the leading cryptocurrency up by 40% since the start of the year. As of the time of writing, Bitcoin is trading at $23,400, according to data from Tradingview.com. 

Bitcoin Price on January 28| Source: BTCUSDT on Binance, TradingView
Bitcoin Price on January 28| Source: BTCUSDT TradingView

Featured image from Pixabay, charts from Trading View, Coinwarz, and Mempool


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This week in Crypto; Axie, Aptos Record Big Gains as Ethereum Drops

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This week in Crypto; Axie, Aptos Record Big Gains as Ethereum Drops

On Sunday morning, Ethereum, the second largest crypto by market capitalization, was the only top ten coin that saw a drop in value. Other major coins have continued to record gains for the fourth consecutive week.

Meanwhile, the most popular crypto, Bitcoin, has seen 7-day gains of about 3.2%, and as of this writing, it is trading at $23,221, as per CoinGecko. This week, researchers have claimed that the ideal time to take long positions in the crypto market is during the end of the Chinese New Year’s first day.

Data on CoinGecko shows that Ethereum has dropped by 5.3% in the past seven days and is trading at $1,572. On Tuesday, Ethereum developers revealed they had achieved a significant milestone toward the network’s most anticipated update, the Shanghai Upgrade. The upgrade will allow stakers to withdraw their funds.

Aptos Records 7-day Gains of 57%

Aptos is up 57% this week, and at the time of publishing, it is changing hands for $17.10. It is difficult to tell what’s fueling the rally, but a huge portion of the token’s trading volume has been from arbitrage trading on the south Korean-based exchange, UpBit.

Some exchanges in South Korea usually price crypto higher than other global exchanges. Many traders involved in arbitrage trading refer to this discrepancy as Kimchi Premium. It is worth noting that this is how FTX’s ex-CEO Sam Bankman-Fried started his crypto trading journey.

Launched last October, Aptos began trading at $13 before it crashed by 45% following criticism that the developer behind the blockchain did not reveal its tokenomics and failed to fulfill their promise of processing over 100,000 transactions per second. The current price means the investors have recovered their losses.

Axie Infinity is Up 25% This Week

On the other hand, Axie Infinity (AXS) recorded an increase of 25% in the past seven days. On Monday alone, the token gained about 24% following a token unlock that saw about 2.2% of the game’s total supply released to the market. According to CoinGecko, AXS is trading at $11.45 as of this writing.

Other Cryptos That Saw Notable Gains

Other top cryptocurrencies that recorded notable rallies this week include OKB. The token currently trades at $38.23, representing a 14% increase in the past seven days. In addition, Avalanche rose by 17% to change hands for $20.28, while Polygon, the tenth largest crypto by market cap, increased by 8% and is trading at $1.12.


Tokenhell.com produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: info@tokenhell.com. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.


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Bitcoin’s [BTC] price reversal might be on the cards?

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Bitcoin's [BTC] imminent price reversal might be on the cards?

  • BTC’s price has rallied by 40% since 1 January.
  • Investors have recorded significant gains, and now, a price reversal might follow. 

Exchanging hands at the $23,200 price mark at press time, the leading coin Bitcoin [BTC], currently trades at levels last seen in August 2022. On a year-to-date basis, BTC’s price has rallied by 40%, per data from CoinMarketCap.

Sharing a statistically significant positive correlation with several other assets in the market, the growth in BTC’s price has resulted in the growth in the value of several other crypto assets in the last month.

According to data from CoinGecko, global cryptocurrency market capitalization has increased by 21% in the last month.


How much are 1,10,100 BTCs worth today?


Holders are in profit, but for how long?

BTC’s rally to a five-month high in the last month has led many of its holders to log profits on their BTC holdings. An assessment of the cost basis for short-term and long-term holders revealed this.

The cost basis for any BTC holder is the average purchase price of the BTC they possess. This considers any variations in BTC’s price at the time of purchase. This cost basis determines capital gains or losses when the BTC is sold. 

According to Twitter analyst Will Clemente, the cost basis for short-term and long-term BTC holders were $18,900 and $22,300, respectively.

However, since BTC’s price has rallied beyond these points, these cohorts of investors were “no longer underwater,” Clemente said. 

Further, CryptoQuant analyst Phi Deltalytics assessed BTC’s short-term Spent Output Profit Ratio (SOPR) and found that “sentiment from Bitcoin short-term on-chain participants has reached the greediest level since January 2021.” According to the analyst, the SOPR was positioned well above the bullish threshold of one, indicating an overly stretched market.


Is your portfolio green? Check out the Bitcoin Profit Calculator


Deltalytics noted further that the bullish trend could be short-lived without an increase in stablecoin reserves on spot exchanges. 

Source: CryptoQuant

A look at Crypto Fear & Greed Index confirmed the analyst’s position. At press time, the index showed that greed permeated the cryptocurrency markets.

When the index is in the “greed” range, it means that investors have become increasingly confident and optimistic about the market and may be more willing to take on risk.

This also suggests that prices are becoming overvalued and that a market correction may be imminent.

Source: Alternative.me

An assessment of BTC’s movement on the daily chart confirmed the possibility of a price correction. Since 21 January, the king coin has traded in a tight range.

When BTC’s price oscillates within a tight range, it means that the price is not making significant moves in either direction and is staying within a relatively narrow band. 

An analysis of BTC’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) indicators raised more concerns as these technical indicators have been trending downwards since 21 January. 

The tight range of BTC’s price combined with downtrends in the MFI and CMF suggested a lack of buying momentum and potential for increased selling pressure.

This also showed that the market was likely to break down from the tight range to the downside.

Source: BTC/USDT on TradingView


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