Altcoin Opportunities

Category: crypto

  • Best Crypto Discord Group: November 2023

    Best Crypto Discord Group: November 2023

    Hand picked list of the best crypto Discord groups (updated October 28 2023), with a comprehensive guide of the communities we feel are the best crypto Discord groups for 2023.

    Cryptocurrency was a growing market, attracting a large number of investors, traders as well as scammers and fake gurus.

    With the rise of crypto and ChatGPT generated crap, we all need reliable, human reviewed, up-to-date cryptocurrency information with practical how to tutorials from people who are actually trading Crypto, Defi, Metaverse, NFTs, Staking, Liquidity, and working with new Web3 projects!

    What are Crypto Discord Groups?

    Crypto Discord groups are online communities where members can discuss various aspects of cryptocurrency. These groups provide a platform for members to exchange information, ask questions, and share their thoughts on different cryptocurrencies. They also serve as a hub for news, analysis, and trading signals.

    Learn online with this list of best crypto discord groups

    Why join a Crypto Discord Group?

    Joining a crypto Discord group can provide several benefits for traders and investors. Some of the benefits include:

    • Access to up-to-date information and analysis on different cryptocurrencies
    • Opportunity to ask questions and get answers from experienced traders and investors
    • Ability to share and learn from others’ experiences and insights
    • Opportunity to network and collaborate with like-minded individuals

    How to find the best Crypto Discord Group?

    There are numerous crypto Discord groups available, and choosing the right one can be a daunting task. To help you find the best crypto Discord group, consider the following factors:

    • Size of the group: A larger group will likely have a more active community and more resources available.
    • Type of information: Some groups focus on specific cryptocurrencies, while others cover a wider range of topics. Choose a group that aligns with your interests and needs.
    • Community culture: Some groups have a more relaxed atmosphere, while others have strict rules and regulations. Choose a group that has a culture that you are comfortable with.
    5 Reasons To Automate Your Crypto Trading

    Top 5 Crypto Discord Groups for 2023

    1. Tom Crown Crypto: over 84000 youtube subscribers and one of the best known crypto discord community loaded with current trading strategies and techniques. This active group has many members sharing their experiences and insights, as well as receive trading signals.
    2. Digital Currency Traders: Best For Learning About AltSeason and Crypto Trends. Digital Currency Traders is a small community of experienced traders and investors who share insights on Altcoin Season trends. This group also provides personal education and coaching for all trade signals.
    3. CryptoRand: Best for social crypto connections. CryptoRand is a community of old-guard crypto followers who come together to discuss and analyze the crypto market. This group provides a platform for members to exchange information, ask questions, and share their thoughts on different cryptocurrencies.
    4. Crypto Investments: Best For Long-term Investors, this community focused on providing comprehensive fundamental information and analysis on different cryptocurrency projects and technologies. This group also offers investment strategies and educational resources for members.
    5. FingerPrints DAO: Best For NFTs is a large and active community of cryptocurrency enthusiasts. This group provides a wealth of information on various NFT platforms, as well as news and analysis.

    We are always reviewing Crypto Discord Servers! Please leave a comment below if you know of a group that should be included!

    Learn crypto trading online

    DigitalCurrencyTraders Author Discord Communities

    Do you trade crypto?

    The DigitalCurrencyTraders publication is intended to provide new and experienced crypto traders a place to talk about how your approach is working for you.

    Do you teach crypto?

    This publication is intended to help crypto schools, crypto protocols, metaverse worlds, NFT market places and trading instructors to grow your cryptocurrency business with SEO friendly links back to your website and social profiles.

    Become a respected authority for your special focus in crypto!

    DigitalCurrencyTraders is a unique and topic-focused publication on Medium inviting new contributing writers to grow with us on Medium. We are seeking to add new writers bringing different perspectives about crypto, investing and personal wealth building. Our editorial team embraces diversity, values our writers, and helps them find their writing voice in a collaborative platform.

    After you apply to join our diverse team, we’ll upgrade your status in our crypto community on Discord. This moderated public community is optional for our writers. We value personal and authentic experiences from new and seasoned voices in crypto, NFTs, DeFi, the Metaverse and so much more!

    What is the best crypto signals group?

    Cryptocurrency is a relatively new and rapidly growing market, and with that comes a lot of uncertainty and misinformation. The crypto market is full of scams, misleading information, and inaccurate signals, making it difficult for traders and investors to make informed decisions. Fortunately, there are also reliable crypto signals groups that we use and have listed.

    What are Crypto Signals Groups?

    Crypto signals groups are communities of traders and analysts who share information, tips, and insights about the crypto market. These groups are usually formed on social media platforms, such as Telegram or Discord, and are comprised of members from around the world who are passionate about the crypto market. The primary goal of these groups is to provide accurate and reliable signals about the market, so that members can make informed trading decisions.

    How do Crypto Signals Groups Work?

    Crypto signals groups typically operate by having a team of analysts and traders who study the market and provide signals to the members. These signals can be in the form of technical analysis, fundamental analysis, or both, and are usually accompanied by detailed explanations and insights about the market. The members then use this information to make trades and investments. Some groups also provide additional services, such as trading education, market news and updates, and crypto portfolio management through the altcoin seasons.

    How to Determine the Best Crypto Signals Group

    With so many crypto signals groups available, it can be difficult to determine the best one. However, there are a few key factors to consider when choosing a crypto signals group:

    1. Performance: One of the most important factors to consider is the performance of the group. You want to choose a group that has a proven track record of success and consistently provides accurate signals.
    2. Transparent Methodology: The best crypto signals groups are transparent about their methodology and provide detailed explanations of their signals. This helps you understand the reasoning behind their signals and make informed decisions.
    3. Easy to Follow: Busy people want crypto signals with no clutter and trivia. The signals should have a dedicated thread so you can focus on notifications that matter.
    4. Community: The crypto signals group should have an active and engaged community of traders who are willing to help and support each other. A strong community can provide valuable insights and help you make better trades.
    5. Cost: The cost of a crypto signals group can vary widely, from free to hundreds of dollars per month. You want to choose a group that provides value for money and has a pricing model that works for you.
    6. Leadership: The leadership of the group is also important. Choose a group that has a positive approach to learning. Leadership should be supportive and encouraging to new members and should be well-respected by the members of the community.

    In conclusion, crypto signals groups can be a valuable resource for traders and investors looking to make informed decisions in the crypto market. By considering factors such as performance, transparent methodology, community, cost, and reputation, you can determine the best crypto signals group for your needs.

    FAQs

    1. What is a crypto signals group? A crypto signals group is a community of traders and analysts who share information, tips, and insights about the crypto market.
    2. How do crypto signals groups work? Crypto signals groups typically operate by having a team of analysts and traders who study the market and provide signals to the members. The members then use this information to make trades and investments.
    3. How do I determine the best crypto signals group? When choosing a crypto signals group, consider factors such as performance, transparent methodology, community, cost, and reputation.
    4. Are crypto signals groups expensive? The cost of a crypto signals group can vary widely, from free to hundreds of dollars
  • New DeFi dApps To Watch For 2023

    New DeFi dApps To Watch For 2023

    Injective also offers a platform on which a wide range of new DeFi dApps are being created – this makes INJ Token one of the best cryptocurrencies to watch in 2023!

    New DeFi projects are now releasing industry-disrupting derivative products, including futures, options, and perpetual swaps. These derivatives can be traded on a variety of underlying assets, such as cryptocurrencies, commodities, and stock indices. This allows for a high degree of flexibility and customization in terms of risk management and trading strategies.

    Another key feature of dApps created on Injective is its use of non-custodial trading. This means that users retain full control over their own assets at all times, as they are stored in a personal wallet rather than being held by a centralized exchange. This greatly reduces the risk of hacking or theft, as there are no central points of failure.

    INJ Price Chart

    INJ/BTC Price Chart by TradingView

    INJ/BTC is another one of the 300+ tokens in the Crypto SmartWatch model portfolio tracker.

    January 2023 ay provide a clear bottom for the ALT/BTC pairs. Risk control is always top of mind at the start of a trade.

    It is important to pay close attention to the ebb and flow of altcoin seasons.

    The cryptocurrency sector trends together and must be an important part of choosing when to hold or release the INJ/BTC token.

    Injective has built the largest and fastest growing Web3 financial ecosystem. Here are a few interesting new DeFi dApps working to create a truly free and inclusive financial world.

    Aperture

    Aperture is a cross-chain strategy hub for decentralized finance (DeFi) built on the Injective Protocol. It aims to provide a platform for users to access and participate in a variety of DeFi strategies and products across different blockchain networks.

    One of the key features of Aperture is its support for cross-chain trading. This allows users to access and participate in DeFi strategies and products on different blockchain networks, such as Ethereum and Binance Smart Chain, from a single platform.

    Aperture also has a built-in strategy marketplace where users can access and participate in a variety of pre-built DeFi strategies, such as yield farming, liquidity provision, and lending. These strategies are curated and managed by professional DeFi managers and can be easily accessed and executed by users.

    Another feature of Aperture is its built-in portfolio management tools, which allows users to easily track and manage their DeFi investments across different blockchain networks. This provides users with a comprehensive view of their DeFi portfolio and allows them to make informed decisions about their investments.

    Aperture also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the platform, ensuring that the direction of the project aligns with the needs and preferences of its users.

    In summary, Aperture is a cross-chain strategy hub for DeFi that allows users to access and participate in a variety of DeFi strategies and products across different blockchain networks, with the use of its own cross-chain protocol built on Injective Protocol. It also provides users with portfolio management tools, and a governance system for community participation.

    FrontRunner

    FrontRunner is a decentralized sports prediction market built on blockchain technology. It is a platform that allows users to place bets on the outcome of sporting events and earn rewards for correctly predicting the outcome.

    The platform utilizes a prediction market model where users can buy and sell shares in the outcome of a sporting event. The price of these shares fluctuates based on the perceived likelihood of the event occurring, with the final outcome determined by the total number of shares held by users.

    One of the key features of FrontRunner is its use of blockchain technology, which allows for a transparent, secure, and decentralized platform for sports betting. This eliminates the need for a centralized intermediary and reduces the risk of fraud and manipulation.

    FrontRunner also utilizes smart contracts, which are self-executing contracts with the terms of the agreement written directly into the code. This allows for automatic execution of bets and payments, without the need for manual intervention.

    Another feature of FrontRunner is its use of a token-based economic model, where users can earn and use tokens to participate in the platform. These tokens can be used to place bets, buy shares in sporting events, and access premium features on the platform.

    FrontRunner also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the platform, ensuring that the direction of the project aligns with the needs and preferences of its users.

    Decentralized Exchanges

    Injective is a decentralized finance (DeFi) protocol built on the blockchain that aims to provide a platform for cross-chain derivatives trading and decentralized exchanges. The a unique layer-2 scaling solution called “Instantaneous Settlement” allows for near-instant transaction finality and low latency trading, enabling users to trade derivatives at high speeds and with minimal slippage.

    Helix

    Helix is a decentralized crypto trading exchange that aims to provide a secure and decentralized platform for trading cryptocurrencies, with a focus on privacy and anonymity.

    One of the key features of Helix is its use of zero-knowledge proofs, which allow for the verification of transactions without revealing any information about the parties involved. This enhances the privacy and anonymity of the platform, allowing users to trade cryptocurrencies without revealing their identity.

    Helix also has a built-in decentralized liquidity pool, which allows for the trading of cryptocurrencies without the need for centralized order books. This eliminates the risk of front-running and manipulation, and provides users with a fair and transparent trading environment.

    Another feature of Helix is its use of a token-based economic model, where users can earn and use tokens to participate in the platform. These tokens can be used to pay for trading fees, access premium features, and participate in governance decisions.

    Helix also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the platform, ensuring that the direction of the project aligns with the needs and preferences of its users.

    The Injective protocol is built on the Cosmos SDK, a modular and extensible blockchain development framework. This allows for easy integration with other blockchain projects and protocols, such as the Inter-Blockchain Communication (IBC) protocol, which enables cross-chain communication between different chains.

    One of the key features of Injective is its support for cross-chain trading. This means that users can trade assets from different blockchain networks, such as Bitcoin, Ethereum, and Binance Coin, on a single decentralized exchange. This is made possible through the use of Injective’s own cross-chain protocol, which allows for the seamless transfer of assets between different chains.

    Injective also has a governance system that allows for community participation in the decision-making process. Token holders can vote on proposals and changes to the protocol, ensuring that the direction of the project aligns with the needs and preferences of its users.

    Injective’s team is composed of experienced blockchain developers and finance professionals. They have worked on several high-profile projects in the past, including the development of the Cosmos SDK.

    Overall, Injective is a promising project that aims to bring the benefits of decentralized finance to the derivatives market.

    New DeFi dApps To Watch For 2023

    Its unique combination of enabling new DeFi dApps to provide innovative cross-chain trading, non-custodial trading, and a wide range of derivative products, makes investing in the Injective platform an interesting opportunity for speculators looking to build a diversified portfolio of the best underlying cryptocurrency technologies in the 2023 altcoin seasons.

  • How To Build a Crypto Portfolio

    How To Build a Crypto Portfolio

    Build a crypto portfolio at the right time you can make huge gains from each AltSeason. After plotting out every Altcoin Season over the past four years, our team came up with a list of things to consider when building out a diversified crypto portfolio in a trend following trading plan.

    Your Big Picture Plan

    Asset allocation: Use a percentage approach to diversify your total assets into different investment pools, cash savings, precious metals, revenue generating assets, stocks and an investment pool into crypto. Crypto is amazing, crypto is great… AND we also need a broad financial plan.

    Your investment pool in crypto may only represent 20% of your overall wealth. And the crypto investment strategy should include a trading plan based on price change and a distribution plan to diversify crypto profits to assure your personal long term wealth and financial security.

    If you are 100% focused on crypto, start making a plan to invest your profits into a small revenue generating asset. For example, purchase a hardware computer as a passive income generating strategy like providing computing power or cloud storage…

    Your Best Crypto Portfolio

    Risk management is our job as traders. As we plan to build the list of best cryptocurrencies to hold in 2023, we’ll start out with small position sizes across many different coins.

    Getting Set Up

    Here are a few points to check off as you prepare to build your next crypto portfolio:

    1. Position sizing: Consider smaller position sizes across more markets. Less than 2% of your crypto investment pool into any one coin or token.
    2. Risk management: Consider your stop loss order as the ‘insurance fee’ you are willing to pay to have your money watch that price chart. Our job is to limit potential losses and protect capital.
    3. Market selection: Selecting markets that pass our AltSeason TradingView Indicator are likely to continue to trend and increase the chances of holding the best performing coins in 2023.
    4. Diversify across blockchains: research the top dApp projects on each Layer1 Protocol to help improve exposure to industry disrupting technologies.
    5. Time horizon: Take time off the table when building a diversified portfolio and simply follow the ebb and flow of altcoin season.

    Your Crypto Profits

    Altcoin Seasons come and go. After every altcoin season is finished and we’ve closed most of our trades, it’s time to move those profits. Crypto seasons come and go once or twice each year and we can begin to plan that assumption into our long term financial plan of becoming a crypto millionaire.

    1. Tax implications: Tax implications of a trend following portfolio are more likely to fall under long-term capital gains. Be informed. We recommend CoinTracking as a tool that every crypto trader should use to generate sample tax reports.
    2. Rebalancing: Only rebalance your crypto portfolio as more markets are passing our Altcoin Season entry or exit signals to optimize returns over time. The Crypto SmartWatch Daily Action Matrix can save you hours of chart scanning every week!
    3. Monitoring: Regularly monitor the performance of the crypto portfolio. Send profits off exchange. Be sure to own a cold storage hardware wallet and we recommend keeping that hardware wallet in a safety deposit box in a bank vault.

    Leverage Not Required

    Avoid the use of leverage: Careful consideration should be given to the use of leverage, as it can magnify both gains and losses. The random volatile nature of crypto is enough to ruin good trades – even if you are right – when leverage is added to crypto trading.

    When To Get In

    To understand altcoin season, it’s important to understand how Bitcoin Dominance and Altcoin Season are related and what other tools may give a more clear picture.

    Watch the progression of Altcoin Season

    The following sequence of pie charts show the approach of the January 2023 mini bull market in altcoin prices. The surge of price bullishness can be observed as the number of ALERT status coins increased day by day.

    When To Get Out

    Your exit signal is the most overlooked part of the trading plan for new traders. Pro Traders know that managing risk is our only job, and must know all your exit signals as a reflexive, memorized habit.

    The Crypto SmartWatch control panel and daily action matrix make it easy to stay in tune with altcoin season as it passes.

    Let go of those coins (yes, even let go of those amazing projects) that drop below the exit criteria. Let go of them with confidence… because our trend following system will pick them up again later.

    AltSeason Waves

    The Pie Charts above can also be plotted over time to give us a deeper understanding of the Altcoin Season momentum.

    The Crypto SmartWatch is an objective crypto portfolio tool that can help us focus our attention onto the segment of the 100’s of Altcoins to find those projects that have best investor interest and perhaps build a crypto portfolio full of the best cryptocurrencies to hold for 2023.

  • Investing in Privacy Protection

    Investing in Privacy Protection

    Investing in the privacy-preserving industry is expected to grow substantially in 2023 and beyond, driven by increasing concerns about data privacy and security, and the growing adoption of decentralized technologies such as blockchain.

    As more and more organizations begin to realize the importance of protecting sensitive data, the demand for privacy-preserving technologies and services is likely to continue to increase. These services provide a way for organizations to securely process and store sensitive data, while maintaining the privacy of their users.

    Investing in data privacy companies
    may provide speculators with outstanding returns.

    Investing in Data Privacy Startup Projects

    What is The Oasis Network?

    The Oasis Network is a decentralized privacy-preserving platform built on the Cosmos Hub. It aims to provide a secure and privacy-preserving infrastructure for decentralized applications and services. This infrastructure is designed to enable the development of decentralized applications that can handle sensitive data and maintain the privacy of their users.

    ROSEUSDT Chart by TradingView

    When to buy Oasis (ROSE)

    ROSE is one of the 300+ tokens in the Crypto SmartWatch model portfolio tracker.

    A trading plan that you understand from entry to exit, is all you need to successfully make profit crypto trading the altcoin seasons.

    Learn more about Crypto Trading Plan Example PDF.

    How Does Oasis Work?

    One of the key features of the Oasis Network is its use of secure enclaves, which are isolated environments for executing sensitive computations. These enclaves are designed to protect sensitive data from being accessed or tampered with by unauthorized parties. This allows for the development of decentralized applications that can handle sensitive data, such as medical records, financial transactions, and personal identification information.

    Another important feature of the Oasis Network is its use of a unique consensus mechanism called “Tendermint-based” consensus. This consensus mechanism is designed to provide fast and efficient consensus for decentralized applications, while also maintaining a high level of security.

    The Oasis Network also utilizes the Cosmos Hub, which is a decentralized network of interconnected blockchains. This allows for interoperability between different decentralized applications and services, as well as enabling the development of cross-chain privacy tools for applications.

    list of examples of decentralized applications that can be built on the Oasis Network.

    dApp Built on Oasis:

    Geniish is a platform that allows users to use their NFT (non-fungible token) as a key to unlock access to exclusive content and communities. NFTs are unique digital assets that cannot be replicated or replaced, and are typically used to represent ownership of digital items such as artwork, videos, and music.

    On the Geniish platform, users can buy or earn NFTs that act as keys to access exclusive content and communities. These NFTs can be used to unlock access to exclusive digital content, such as digital art, music, and videos, as well as to gain access to private communities of like-minded individuals.

    The idea behind Geniish is to create a new way for creators to monetize their digital content and for users to have access to exclusive and unique experiences. By using NFTs as keys to access exclusive content and communities, Geniish provides a way for creators to monetize their digital content and for users to access unique and exclusive experiences.

    The platform operates on the Oasis Network, a decentralized privacy-preserving platform built on the Cosmos Hub, which enables the development of decentralized applications that can handle sensitive data and maintain the privacy of their users.

    This allows for the creation of private communities where the users can share and interact with the exclusive content in a private and secure way.

    100s More dApps!

    1. Financial transactions: A dApp that enables secure and private financial transactions, using zero-knowledge proofs to protect sensitive financial information.
    2. Supply chain management: A dApp that allows for secure and transparent tracking of goods and products throughout the supply chain, using secure enclaves to protect sensitive information such as trade secrets.
    3. Voting: A dApp that allows for secure and transparent voting, using secure enclaves to protect the anonymity of voters.
    4. Personal identification: A dApp that allows for secure and private verification of personal identification information, using secure enclaves to protect sensitive information.
    5. E-commerce: A dApp that allows for secure and private e-commerce transactions, using secure enclaves to protect sensitive information such as payment details and personal identification information.

    These are just a few examples of the type of dApps that can be built on the Oasis Network. Better privacy is re-inventing entire industries and we can profit by investing in privacy protection.

    Preventing Data Breaches

    Invest in Data Breach Protection Services

    The privacy-preserving industry has been rapidly developing in recent years, driven by increasing concerns about data privacy and security. The rise of data breaches and cyber attacks has led to a growing demand for privacy-preserving technologies and services. Additionally, the growing adoption of blockchain technology, which enables the creation of secure and decentralized networks, has also contributed to the growth of the privacy-preserving industry.

    Another area of growth within the privacy-preserving industry has been the development of privacy-preserving platforms, such as the Oasis Network, which provide a secure and private infrastructure for the development of decentralized applications.

    Maintaining Privacy

    These platforms allow for the creation of decentralized applications that can handle sensitive data, such as medical records and financial transactions, while maintaining the privacy of their users from malicious actor and protecting individuals from the potential for mass surveillance.

    Data Privacy Industry Is Growing

    There are other projects that are similar to the Oasis Network, such as Enigma, which is also a privacy-preserving platform for decentralized applications. However, the Oasis Network differs from Enigma in that it uses secure enclaves and a unique consensus mechanism for providing a secure and private infrastructure.

    Oasis Supporting Partners

    The Oasis Network has several supporting partners, including Binance, ChainGuardian Capital, and Polychain Capital. Additionally, several industries are likely to be disrupted by the Oasis Network, including healthcare, finance, and personal identification.

    Investing in Privacy Protection

    Increasing concerns about data privacy and security has seen the privacy-preserving industry has been rapidly developing in recent years. The Oasis Network aims to provide a secure and privacy-preserving infrastructure for decentralized applications and services, through the use of secure enclaves and a unique consensus mechanism.

    The future for this industry is expected to be promising. For 2023 and beyond, investing in privacy protection will driven by the increasing adoption of IoT and AI as well as the growing demand for data security technologies and services.

  • Can We Profit From Web3?

    Can We Profit From Web3?

    Web3 refers to the third generation of the World Wide Web, which aims to bring the power of decentralized technology to the internet. To find if can profit from Web3 we need to understand where the value flows through the blockchain technology, which allows for the creation of decentralized applications (dApps) that can run on a decentralized network, rather than on a single centralized server.

    Should we invest in API3

    In the same way that it may be prudent to invest in Layer 1 Coins, as the underlying Web3 network gains more dApps, the value of the entire ecosystem grows. Explosive growth is anticipated when a large establish app chooses to relocate to a Web3 backbone because of the many efficiencies.

    While positioning before the explosive growth is a good idea – managing risk is always a first priority.

    It is important to pay close attention to the ebb and flow of altcoin seasons. The cryptocurrency sector trends together and must be an important part of choosing when to hold or release the API3 token.

    API3 is another one of the 300+ tokens in the Crypto SmartWatch model portfolio tracker.

    API3USDT Chart by TradingView

    Build on all Blockchains from one place

    API3 is a protocol that aims to make it easier to create and deploy dApps on the Web3 stack.

    Built on the Chainlink protocol for its ability to automate and streamline business processes, API3 allows developers to access the functionality of different blockchain networks, such as Ethereum, through a single API.

    Access different blockchain networks through a single protocol.

    This means that developers do not need to learn the specifics of each blockchain network they want to build on, and can instead use the API3 protocol to access the functionality they need from various blockchains.

    The API3 protocol also aims to provide a way for dApps to access data from different sources, such as web services and external databases, in a decentralized manner.

    What is a First-Party Oracle?

    Legacy third-party oracle networks and first-party oracle solutions are two different types of oracles that are used to provide data to smart contracts on a blockchain.

    A legacy third-party oracle network is a decentralized network of nodes that gather data from external sources and provide it to smart contracts on the blockchain. These oracles are typically operated by third-party entities and are not directly controlled by the smart contract creators or users. They can be used to access a wide variety of data sources, including APIs, websites, and other off-chain systems. However, because they are operated by third-party entities, there is a risk that the oracle network may be compromised, leading to inaccurate or unreliable data being provided to the smart contract.

    On the other hand, a first-party oracle solution is a system in which the smart contract creator or user directly controls the oracle and the data it provides. This can be done by hardcoding the data into the smart contract or by using a decentralized application (dApp) that interacts with the smart contract to provide the data. Because the oracle is directly controlled by the smart contract creator or user, there is less risk of inaccurate or unreliable data being provided to the smart contract.

    Learn more about first-party oracle solutions that are directly controlled by the smart contract creator or user, and how that makes them more reliable and secure.

    Web3 dApps using API3

    Here are a few dApps that are using the API3 protocol:

    1. ChainGuard: A security protocol that uses API3 to provide a secure and trustless way to access APIs.
    2. The Ocean: A protocol for data marketplaces that allows data providers to monetize their data by selling access to it through API3.
    3. OceanDAO: A autonomous organization (DAO) built on the Ocean protocol that allows its members to vote on proposals and make decisions about the protocol’s development.

    Please note the above-mentioned dApps are in development stage and their status and functionality can change over time.

    To answer the question ‘Can We Profit From Web3?‘ – the answer is a strong yes – if we time our entry with this popular AltSeason TradingView Indicator.

    As the underlying Web3 network gains more dApps, the value of the entire ecosystem will grow. Explosive growth is anticipated when a large establish app chooses to relocate to a Web3 dApp backbone because of the many efficiencies.