Crypto News

• The digital yuan began to be tested in China schools
• Exchanges show support for Terra's revival by planning to list new LUNA token
• The launch of the new Terra network could take place as early as May 26
• Cryptocurrency companies have created a new demand for commercial real estate in Hong Kong
• The adoption of cryptocurrencies by companies has a positive effect on their image

Market Review
To profitably purchase a currency, click on its name
(Price changes are per week)

1️⃣ Bitcoin (BTC): $29 548 (-3.2%)
2️⃣ Ethereum (ETH): $1 954 (-6.7%)
3️⃣ Tether (USDT): $0,999 (-0.1%)
4️⃣ Binance Coin (BNB): $326,6 (6.6%)
5️⃣ USD coin (USDC): $1 (-0.1%)
6️⃣ Ripple (XRP): $0,4044 (-7.9%)
7️⃣ BinanceUSD (BUSD): $0,999 (-0.2%)
8️⃣ Cardano (ADA): $0,512 (-11.6%)
9️⃣ Solana (SOL): $47,9 (-16.4%)
🔟 Polkadot (DOT): $0,08596 (2.1%)
🔹 Nominex (NMX): $1,43 (1.1%)

Market Cap: $1 321 340 275 323 (0.3%)
BTC Domination: 42.7%

Farming level is now active in all farming pools with NMX

There are currently 3 pools on Nomiswap:
🔹 NMX/USDT
🔹 NMX/BNB
🔹 NMX/BUSD

The farming level is a status that depends on the amount of funds deposited in the pool. The larger it is, the more the user receives additional rewards.

There are 6 levels in total, and at the maximum you get deductions of 10% from direct referral farming and 20% from team farming.

📖 More about the referral program and farming level:
https://support.nominex.io/ru/article/203-gajd-po-referalnoj-programme-nominex

In the near future, a discount on trading fees up to 100% will also be implemented.
That is, you will actually be able to perform all trading operations for free due to cashback in NMX tokens.

📖 More about cashback:
https://support.nominex.io/en/article/199-ezhednevnyj-keshbek-v-nmx

👍 More Profitable Farming:
Nomiswap.io/farms

+2 million dollars of liquidity in a couple of days

For Nomiswap users, the red market is not a hindrance to moving forward 😉

👍 Earn with Nomiswap.io

What is NFT and how to create it?
Submit your NFTs in the comments!

NFT (non-fungible token) is a blockchain asset, which is an intangible and unique digital object that cannot be replaced by other assets. Each NFT is unique and limited.

🖼 NFTs are distinguished by metadata and unique identifiers such as barcodes. The ownership of the NFT is registered on the blockchain platform, is immutable, and no one can encroach on it.

NFTs are stored and transferred in the same way as other digital currencies, but the difference is that each unit of non-fungible tokens has its own value.

The most common types of NFTs on the market are:

• artistic and digital images;
• music;
• films;
• game objects;
• collection and business cards;
• domain names;
• memes;
• virtual fashion items;

You can create your own NFT on the respective site by uploading your artwork to the auction and paying a fee.

Would you like to see NFT in the Nominex ecosystem? 😉

#tutorial

How to start trading?
Real practice on a demo account is a great way!

The #tutorial for those who want to learn how to compete with other traders and win. Check how good you are at trading without risking anything!

🔹 Each participant receives 10,000 virtual USDT in their demo account at the beginning of each round of the tournament.
🔹 The higher your profit (ROI), the higher you rank on the leaderboard and the larger your prize.

Participation in the tournament 24/7.

Track statistics of your tournament in real time!

🏆Participate:
https://nominex.io/en/tournaments/arenas/demo/

🔢 Nomiswap DEX in numbers
TOP-5 pools by liquidity

Invite friends using your referral link and earn together!

👍 Referral page:
nomiswap.io/referrals

The online support service on the Nominex website is working again

Some time ago, on the side of the administration that provides the functionality of live chat, there were difficulties, and users could not contact us in the usual way, transferring their messages to telegram.

✅ Now the service is active again, which speeds up the analysis of tickets and greatly simplifies the work with them.

If you have any questions for the support team, we invite you to live chat on the exchange website!

We make every effort to ensure that users get the most positive experience with Nominex.

👍 We wish you pleasant and comfortable trading at Nominex.io

🤔 Critics argue that Elliott Wave Theory is not an undeniable theory due to its highly subjective nature and relies on a vaguely defined set of rules. However, there are thousands of successful investors and traders who have managed to apply the Elliott principles and make a profit.

Are you familiar with this theory? What tools do you use to navigate the market?

📖 More about Elliott Wave Theory:
https://nominex.io/blog/education/elliot-wave/

The #DeFinitions section will help you quickly navigate the world of cryptocurrency. Send cards to friends and keep them up to date

A selection of books about stock trading and investment

🔮 "Stock magicians. Interviews with top traders". Jack D. Schwager
One trader made 250,000% in 16 years, turning 30,000 into 80 million!

📊 Trading for a Living: Psychology, Trading Tactics, Money Management. Alexander Elder
It helps you discipline your Mind, shows you the Methods for trading the markets, and shows you how to manage Money in your trading accounts.

🔎 “Technical analysis of financial markets”. John J. Murphy
The author explains the origin of the "philosophy of technical analysis" and reveals the advantages of this approach.

💰 The Warren Buffett way. Robert Hagstrom
The author has been studying and analyzing the financial statements of Buffett's company for a long time.

📈 "The Fibonacci Sequence: Applications and Strategies for Traders". Robert Fisher
The laws of nature are based on the Fibonacci sequence, and it is also popular in trading.

Write in the comments what books you read and what you advise others to read!
____
Nominex Links

+4 million dollars of liquidity on Nomiswap over the weekend

Positive trends continue.
What pools have you been depositing funds into lately?

👍 Exchange tokens and get attractive passive income on Nomiswap.io

Lately, we have released many posts with plans for Nomiswap
Let's take another look at what the future holds for the Nominex ecosystem!

Remember that working in the market and developing new functionality is a live and flexible process. Plans can change along the way, and that's okay: an adaptive strategy is better than going ahead.

To stay up to date with the latest news and releases, follow the announcements in the channels of the Nominex Ecosystem, as well as ask questions in the chat, our support team will be happy to answer them.

Project plans:

💎 Cashback in NMX and commission reduction up to 100%
👥 Referral trading rewards
🦎 Listing of Nomiswap on CMC and CG
📊 Listing of NMX token on main exchanges
🤝 Business partnerships
🌐 Multi-chains
🚀 Boosting on Launchpools
🕹 GameFi
💰 Lending and borrowing
🤓 Copy trading

Save the post to yourself and send it to your friends to see clearly and in one place where ecosystem is heading!

🐕 Dogecoin CEO calls Elon Musk a scammer, condemning DOGE speculation
nominex.io/markets/DOGE/USDT

🌐 Former Nintendo president says metaverses are the future of videogames

🏦 Bank of America has no plans to implement cryptocurrencies in the near future

🇰🇿 The budget of Kazakhstan has replenished by $1.5 million from mining since the beginning of the year

🌠 According to Google Trends, investor interest in NFTs is falling

📉 Bitcoin forms a record bearish candlestick for the ninth week in a row
nominex.io/markets/BTC/USDT

💲 The capitalization of the cryptocurrency market increased by 5.8% per day

🇳🇬 Nigerian presidential candidate supports development of cryptocurrency industry

🔎 South Korean authorities launched a full-scale investigation into the collapse of the Terra ecosystem tokens

How to reduce trading fees?
Nominex offers 3 ways to reduce trading fees. Let's take a closer look at each of them

1️⃣ Reduced trading volume fees

This method includes increasing trading volume and holding NMX tokens. The size of the commission depends on these two factors.
On the page https://nominex.io/en/fees/, the table shows all levels and the corresponding amount of commission for each level

2️⃣ Reduced fees when paying with NMX tokens

If you hold NMX in your account and have enabled the option to pay commissions to them. Commissions in this case will be automatically deducted from your NMX balance and you will receive a 50% discount on them

3️⃣ Reduced fees for NMX holders

You need to become a liquidity provider (invest in the pool 2 currencies in half - USDT and NMX).
The amount of the discount will depend on your level of farming, i.e. the amount of funds deposited in liquidity pools for NMX farming

📖 More with examples:
https://support.nominex.io/en-us/article/66-how-to-reduce-trading-fees

And another +1 million dollars of liquidity on the exchange per day!

🚀 Nomiswap continues to gain momentum

Send your friends a promo post about the exchange so that more people know about it, and you will make your contribution to its development even more:
https://t.me/nominex_announcements/1540

Nominex supports LUNA airdrop

At the beginning of May 2022, the stablecoin TerraUSD (UST) lost its peg to the dollar. Against the backdrop of its fall, the Terra LUNA token also crashed.

We noticed a lot of questions from users, and decided to let you know that our exchange, as the official broker of Binance, also supports the LUNA airdrop.

🌙 The old LUNA token has been renamed to Luna Classic (LUNC) and the new LUNA 2.0 coin will be traded under the name LUNA.
New LUNA tokens are being given away to LUNC and USTC (UST Classic) holders.
The issue of displaying the LUNC token is currently being resolved by our developers.

Terra (LUNA) was up 90% to a local high of $11.33 before the giveaway. However, it has since fallen to $8.5 dollars.

⬆️ See the table attached to the post for details of the airdrop mechanics.

Ask additional questions in the comments, our support team will definitely answer them.

BTC analytics

Bitcoin made a bullish breakout from the sideways movement, and then rose to a local high of $32.2K.

On May 12, the value of BTC fell to $26.7K and has been making attempts to grow since then.

The price rise was preceded by bullish divergence signals (price chart deviations from indicators). Before rising, BTC made a bullish breakout from the downtrend line.

📈 At the moment, it is important that the price has recovered above the $30.5K horizontal area, which was a support zone from the beginning of the month until it was broken by the bears. In case of a successful attempt by buyers to fix this area as support, it will be possible to conclude that the previous bearish breakout was false.

If the price of Bitcoin continues to rise, the area from $37.5K to $40K can be considered the nearest resistance and growth above it can be expected.

What are your predictions for the BTC price? Do you keep holding?

AVAX #token

DeFi applications have reached a new level of development thanks to the Avalanche network. It has higher speed and lower cost of transactions, and also has compatibility with Solidity.

🖥 On the Avalanche system, you can develop your applications using private or public blockchains. Transactions on the network are provided with a special AVAX token, with which you can increase its security.

Avalanche is part of the 3️⃣ generation of networks, which means it requires less hardware for application development.

The Avalanche network consists of many integrated DeFi projects, including from the realm of digital security, NFTs, nodes, Oracle, StableCoin, trading bots and wallets. The network has its own wallet. This system contains a lot of different information: trading volume, network activity, a list of the best assets and current transactions in three chains.

The AVAX token supplies gas to the network.

Price: $26.16
Capitalization: $7,134,829,769

📊 Exchange AVAX:
nominex.io/markets/AVAX/USDT