BTC is crashing! Retail investors are panic selling… but the whales, Michael Saylor and Elon Musk are accumulating more BTC! Are you really going to sell your BTC to them? Or worse, buy it from them? What whale you do?
Isn’t the traditional market unfair?
After GameStop missed out on Wall Street’s estimates for quarterly revenue due to store closures and heightened competition over digital sales, Hedge Funds reportedly started to short the stock. Retail investors eventually took notice and started going against these hedge funds as GameStop climbed to a high of $347.51 on 27 January and Hedge funds such as Melvin Capital and Citron closed their short positions at a loss. The very next day, chaos ensued. Robinhood, alongside several other brokerages and trading platforms, started to impose trading restrictions for GameStop and a handful of other stocks as the regulatory deposit amount for settling the securities skyrocketed. The restriction went on for days and retail investors could not close their positions as a lowered trading volume sent GameStop’s stock prices plummeting by more than 80%.
The GameStop and Robinhood saga has shown us evidence that when it comes to centralised finance, retail investors, us, will always end up losing. The saga further amplified how we are already fighting a losing battle once we place an order on a centralised exchange.
Retail investors vs Hedge Funds
David vs Goliath
David beats Goliath. That’s just a fictional story. What about the present, real physical world. How can David achieve the same result?
Spiking, the #1 Stock Trading Platform for Legal Insider Trading, has demonstrated to us how we can actually beat these hedge funds through technology and algorithms that were tested and proven.
In the cryptocurrency space, whales are similar to hedge funds. The term “whale” refers to a company or individual holding a large amount of a cryptocurrency, where a single transaction can cause the cryptocurrency to increase or decrease drastically. On 21 February 2021, Bitcoin suffered a 20% correction after touching a new all-time high of $58,300. 600,000 traders had their leverage positions alongside more than $5 billion in Bitcoin futures were liquidated. Data Analytics firm, Santiment, reported that a single Bitcoin address cashed out 2,700 Bitcoin, which equated to $156 million — beating the price crash in the nick of time.
Going where the money flows
The example above has exemplified how important it is to stay ahead of the pack.
Most recently, Big Data Protocol (BDP) had retail investors burnt. Big Data Protocol is a new initiative for obtaining commercially valuable data from Data Providers, which tokenizes the value and makes it liquid. Just two days after its liquidity mining incentives on the protocol were launched, the total liquidity for the protocol skyrocketed to $6.1 billion dollars, with 4 big whales holding 41% of the total volume. The parabolic increase led to retail investors jumping on to the hype as the total liquidity for the protocol continued to increase.
Unfortunately, these whales started to take profit after retail investors started joining in, causing the price of the protocol to plummet by close to 80%. There again, retail investors got burnt.
Throughout the history of cryptocurrency, we have seen cryptocurrency price spike and dip in a matter of hours. Some of us missed the ride to the moon by a hair, but on other occasions, we rode the train back down to where we started or even to the deep, red sea — only to find out after that whales were cashing out at a certain price level.
Staying ahead is crucial and important for survival. As the underdogs, we need something to aid us in this fight, to defy odds and see… green…
Hello Whales!
Since its inception, SpikeSwap was built and conceptualised to track whale trades before it actually occurs.
In order for this to happen, SpikeSwap will need an on-chain liquidity to provide data to Spiking. This will enhance Spiking’s ability to decipher data and thus, allowing users to stay ahead of whales. Hence, SpikeSwap is a decentralised exchange built on Ethereum with an Automated Market Maker (AMM) function and will operate seamlessly with core functionalities as per other Ethereum-based DEXes.
Unlike your usual common DEXes (Uniswap and SushiSwap etc.), SpikeSwap will be complementary to DEXes. This means that SpikeSwap DEX will tap on the likes of Uniswap to facilitate whale tracking. Developers and teams, who are frequently responsible for the dumps of their respective cryptocurrency, can be tracked through SpikeSwap’s features.
With support from Spiking, SpikeSwap is able to import important features from the plethora of Spiking products, including Spiking’s Robobull, an AI robot that creates a portfolio of different whales based on a trader’s risk/reward ratio. How cool is that?
SpikeSwap also offers Spiking DeFi watch, a feature that is built on top of SpikeSwap to provide real-time signals on potential movements.
Imagine staying ahead of the price crash on 21 February. How good would that have been?
Our governance token
ySpike, the governance token for SpikeSwap, is an ERC20 token. It incentivises SpikeSwap’s liquidity pool providers and additionally, qualify token holders to vote in the decentralisation process of SpikeSwap.
For more information, you can check out our medium on A Brief Introduction to SpikeSwap — https://spikeswap.medium.com/a-brief-introduction-to-spikeswap-a7dbe48737e9
Spiking’s success is a testament to SpikeSwap’s potential in the DeFi space
Executing legal insider trading has been made simple and easy with Spiking. Spiking provides necessary information for retail investors to stay ahead of the market. Spiking users can see the top 20 shareholders of a company and the price and quantity of their latest transactions. Spiking’s platform and mobile application also allow users to ‘follow’ their favourite counters or celebrity investors, while consolidating recent news headlines, announcements, tweets and buy/sell activity of the companies and investors.
Spiking also dedicates investment coaching by training students to make the best use of the algorithms provided by Spiking. More Testimonials on Spiking can be found here — https://www.feefo.com/en-US/reviews/spiking?displayFeedbackType=BOTH&timeFrame=YEAR
More updates coming soon!
Public sales and token generation events are coming up soon we’re excited for the future of DeFi and in particular, SpikeSwap.
