EtherVista, a new decentralized exchange (DEX) launched on August 31, has seen its VISTA token surge over 40x in four days. 

Daily Top Performer — Sui Network (SUI)

The SPX index was down by 0.3%, as mixed labor data raised concerns about the economy and potential Fed rate cuts. Weak private payroll growth contrasted with a decline in unemployment claims, leaving investors uncertain ahead of the August jobs report. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.24%, with Bitcoin and Ether dropping by 3.52% and 3.57%, respectively in the past 24 hours.

Today's top performer is SUI, which surged 4.1% following the AUSD stablecoin launch on Sui, boosting its DeFi ecosystem and liquidity.

Sui Network (SUI), launched on May 3, 2023, is a Layer 1 blockchain designed by Mysten Labs to enhance web3 functionality and scalability, focusing on smart contract efficiency and NFT gaming development. The project is led by former Meta executives from the Novi digital wallet team. 

, enhancing Sui’s DeFi ecosystem with its first institutional-grade US dollar stablecoin. AUSD, already successful on Ethereum and Avalanche with nearly $60M minted and high daily DEX volume, adds utility and liquidity to Sui. The integration leverages Sui’s scalable infrastructure, aiming to boost DeFi innovation and accessibility. AUSD’s deployment on Sui supports its growth and expands its global network and liquidity.

Check Out the Latest Prices, Charts, and Data of 

 highlights its no-code token launchpad designed to reduce rugpulls with customizable creator fees that incentivize transaction volume. This approach helps prevent rapid sell-offs by malicious actors. The VISTA token, capped at 1 million and featuring a deflationary mechanism, benefits from protocol fees that reduce supply and bolster its value. EtherVista also plans to expand into ETH-BTC-USDC pools for lending and other financial services.

Yesterday, total outflows for BTC Spot ETFs reached $211.1 million, with $23.2 million from GBTC and $187.9 million from non-GBTC funds.

The Eigen Foundation behind Ethereum restaking protocol EigenLayer is launching a 

 on September 17, distributing 86 million tokens to users and contributors. Of these, 70 million will go to stakers and node operators, 10 million to ecosystem partners, and 6 million to early community supporters and open-source contributors. The EIGEN token isn't yet available for trading, with a target to unlock it by September 30. EigenLayer allows users to restake Ethereum across multiple blockchains to enhance security and earn additional rewards.

Beginner

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EtherVista's VISTA Token Soars with Rugpull-Resistant Launchpad Features

Explore Bybit's Q3 2024 campaigns and discover how to earn big with up to 30,040 USDT in rewards, exclusive VIP perks, and more. Don't miss out on these exciting opportunities!

As 2024 unfolds, we're finally reaping the rewards of our resilience after weathering the throes of the crypto bear market, lasting from 2022 to 2023. At Bybit, we're committed to sharing by showering our users with exciting opportunities as we thrive in this booming market. With the final leg of this quarter upon us, we've lined up an array of campaigns packed with incredible rewards just for you. Don't let this chance slide by — dive in to discover each campaign and make the most of what Bybit has to offer!

Win up to 30,040 USDT in Bybit’s 40M User Milestone Celebration

As we surpass the 40 millionuser milestone, Bybit is taking this opportunity to thank our users for showing their support. Earn up to 30,040 USDT in rewards, unlock exclusive VIP perks and enjoy a boosted Bybit Card cashback! There are 

The first event runs from Aug 14, 2024, 8AM UTC to Sep 30, 2024, 7:59AM UTC. You can unlock two perks from this event. For the first perk, simply 

 to instantly receive a 20 USDT coupon. And if you’re among the first 1,000 users to make an initial deposit of at least 100 USDT during the event period, you can earn an additional 20 USDT coupon! 

To enjoy the second perk, simply sign up for a Bybit Card to enjoy an increased 4% cashback (up from 2%).

The second event lets you unlock up to 30,000 USDT and VIP perks by depositing and trading with Bybit. The more you deposit and trade, the more you can earn. This event runs between Sep 1, 2024, 8AM UTC and Sep 30, 2024, 7:59AM UTC.

Participate and Win in Multiple Events in Bybit’s Subaccount Jackpot Fiesta

Between Aug 26, 2024, 10AM UTC and Sep 14, 2024, 10AM UTC, you can join Bybit’s 

 to trade any Derivatives contract with your UTA Subaccount and earn a portion of the 420,000 USDT prize pool. This event is open exclusively to 

 (UTA) users. Use up to four UTA Subaccounts to participate in this event to maximize your profits. 

Rankings are separated into three tiers, and are calculated based on the user’s PnL (%) 

 Silver, Gold and Platinum. You’ll need a minimum equity of $500 to participate in this competition and achieve a minimum Derivatives trading volume of $30,000 in order to be eligible for rewards. Additionally, trading up to $50,000 unlocks one Reset Card per tier, with a maximum of three Reset Cards. Reset Cards can be used to set your PnL (%) value to zero during the event period. 

On top of these rewards, you can unlock more exclusive benefits in other ways: 

Win Loss Cover Vouchers From a 120,000 USDT Prize Pool in Trading Bot Family

From Aug 16, 2024, 8AM UTC to Oct 25, 2024 11:59 PM UTC, you can try various bots from Bybit’s 

 for a chance to win Loss Cover Vouchers from a 120,000 USDT prize pool. The Bybit Trading Bot Family consists of five bots: Sammi the Spot Grid Bot, Danni the DCA Bot, Finni the Futures Grid Bot, Fenni the Futures Combo Bot and Marti the Futures Martingale Bot. Each Trading Bot is specially designed to elevate your trading experience. 

Earn up to $30 simply by trying out the bots! Essentially, you earn $5 for each bot that you create when you invest a minimum of 100 USDT, and an additional $5 when you complete all five tasks for each bot. Besides earning Loss Cover Vouchers from trying the bots, if you complete all the tasks, you also get to unlock a mysterious NFT 

Additionally, if you complete a Trading Bot Family set by collecting the five Trading Bot NFTs (Sammi, Danni, Finni, Fenni and Marti), you can win a share of the 3,000 MNT prize pool. The more sets you collect, the bigger your slice of the prize pool!

Grab Your Share of $80,000 From TOKEN2049 Treasure Express

As TOKEN2049 approaches, Bybit is turning up the heat with our very own 

 events to win the latest hot tokens and more! The event runs between Sep 5, 2024, 10AM UTC and Sep 26, 2024, 10AM UTC.

The first event is a lucky draw, in which you need to complete tasks for a chance to win two TOKEN2049 tickets and share in $50,000 worth of hot tokens — such as DOGS, PEPE and SOL — along with 30,000 USDT in Spot Coupons. The more tasks you complete, the higher your chances of winning big! TOKEN2049’s second event is a referral program in which the first 150 users who successfully invite five or more friends to register with Bybit can earn 10 USDT in airdrops. Lastly, don’t miss out on our social media giveaway with 204,900 DOGS up for grabs!

In order to be eligible for this campaign’s rewards, simply sign up with Bybit and complete Identity Verification Lv. 1.

Bybit will once again make a splash at the upcoming TOKEN2049. Besides the TOKEN2049 Treasure Express, we have even more rewards to share in celebration of this exciting event! 

From Sep 6–30, 2024, you can also be one of 10 lucky winners to receive a 10 USDT Spot trading coupon simply by spreading the word about Bybit and web3 on social media. And if you’re joining TOKEN2049 from Sep 18–19, 2024, be sure to visit Bybit’s booth (located at M50) and take a photo with us! Then, share your photo on social media and tag @

 to receive exclusive Bybit merchandise directly from our booth.

Win From Web3 Vitamin Boost’s Bonus Pool of 2,000 USDT

 program in which you can earn while learning more about crypto. 

 is one of the latest courses, with a bonus pool of 2,000 USDT that began Aug 30, 2024. New users can learn more about web3. Just read five web3 articles in the course and answer all the questions on the pop quiz correctly to receive 5 USDT worth of token airdrop. To be eligible for rewards, you’ll need to sign up with Bybit via the 

 and complete a minimum of Identity Verification Lv. 1.

Bybit is not just 40 million users strong: of these, 10 million are Bybit Web3 wallet users, highlighting the rapid adoption of web3! After reading and earning from Web3 Vitamin Boost, take your next step into the web3 revolution by joining the

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, one of the biggest games on Telegram, and 

, a cross-chain DEX with its own security protocol.

To participate in this tournament, you’ll first need to create your Bybit Cloud Wallet or Seed Phrase Wallet, or import an existing Seed Phrase Wallet into Bybit Wallet. Then, complete simple tasks for each protocol to win various exciting rewards. This event runs from Aug 30, 2024, 7AM UTC through Sep 28, 2024, 7AM UTC.

 from Aug 6, 2024, 10AM UTC to Sep 30, 2024, 10AM UTC. Trade on the MT5 platform and enjoy up to 20% in trading fee rebates up to a maximum rebate of 4,000 USDT. Please note that you need to accumulate at least $50,000 in trading volume during the event period to be eligible for the 20% trading fee discount.

Explore the Latest Crypto Slang and Earn in Learn the Lingo

From Aug 30 to Sep 30, 2024, you can earn a share of a 10,000 USDT prize pool and exclusive NFTs by completing simple tasks on Bybit’s 

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Even if you aren’t a Bybit VIP and can’t join our star-studded 

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), share how Bybit has changed your life in a public post and fill out 

Learn more about the premium experience a Bybit VIP enjoys by reading 

As we close out Q3 2024, Bybit continues to lead the charge in the crypto space by offering a wealth of opportunities for users to earn big rewards. Whether you're participating in milestone celebrations, engaging in trading challenges or exploring new platforms, such as web3 and MT5, there’s a campaign tailored for everyone. 

With generous prize pools, exclusive perks and exciting events, Bybit ensures every user can thrive in this booming market. Don't miss out! Take advantage of this quarter’s top campaigns, and make the most of what Bybit has to offer.

bybit campaigns.png

Q3 Roundup: How to Earn Big With Bybit’s Top Campaigns!

If you’re interested in trading crypto, forex and/or CFDs with Bybit’s MT5 trading platform, follow our detailed step-by-step guide to get started right away.

MetaTrader 4 has long been one of the most widely used platforms in the trading world. With the introduction of MetaTrader 5 (MT5), it’s expected that more people will transition to this upgraded version to take advantage of its enhanced capabilities. 

Bybit's MT5 platform is designed to navigate the intricate financial markets with ease, allowing users to trade cryptocurrencies, forex and CFDs on metals, oil and indices. Equipped with top-tier liquidity, competitive fees and dedicated 24/7 customer support, Bybit MT5 offers an unparalleled trading experience.

Bybit MT5 is a state-of-the-art trading platform that allows users to engage in multi-asset trading. This includes cryptocurrencies, forex and contracts for difference (CFDs) across various commodities like metal, oil and indices. What sets Bybit MT5 apart is its ability to provide traders with advanced technological tools, including more than 90 indicators for thorough market analysis; flexible order management systems; and the ability to automate trades using Expert Advisors (EAs).

Traders can enjoy unparalleled benefits such as 500x leverage, 0-pip spreads and access to over 100 popular trading pairs. Bybit's commitment to ensuring optimal trade execution is evidenced by its emphasis on providing deep liquidity and ensuring minimal price impact on trades. Additionally, the platform offers tailored fee structures that reward traders with competitive rates, enhancing their overall trading experience.

How to Get Started With Bybit’s MetaTrader 5 Trading Platform

If you’re interested in trading crypto, forex and/or CFDs with Bybit’s MT5 trading platform, you’re in the right place! Follow our detailed step-by-step guide below to get started right away.

 and complete your account verification with at least KYC Level 1 or KYB.

: Once you’re logged in to your Bybit account, click on 

: Enter your MT5 Master Password and click on 

: Download and install the MT5 client to your desktop from the Bybit MT5 page.

: MT5 uses a different login username and password from your Bybit account. You can retrieve your MT5 Account ID and password from the Bybit MT5 page. 

Congratulations! You’ve successfully created and logged in to your Bybit MT5 account.

As you aren’t able to deposit or withdraw funds directly into or out of your MT5 account, you’ll first need to deposit or transfer USDT to your 

. Once you’ve done that, you can then transfer those funds to your MT5 Account. The following guide will cover how you can transfer your funds from your Funding Account to your MT5 Account.

: Once you’re logged in to your Bybit account, navigate to the 

: Enter the amount of USDT you wish to transfer to your MT5 Account. You can also click on 

to transfer all of the USDT available in your Funding Account to your MT5 Account. Click on 

: Wait for the balance to reflect in your MT5 account.

Congratulations! You’ve successfully funded your Bybit MT5 account.

: Once your balance has been updated, log in to your Bybit account via the MT5 client on your desktop. 

: Choose the currency pairs you want to trade.

: Choose the order quantity and execution mode, and execute your trades through the MT5 client.

: Regularly check your positions and balance via the MT5 client.

How to Make a Withdrawal From Your Bybit MT5 Account

: Navigate to the MT5 Asset page and click on 

: Enter the amount of USDT you wish to transfer out of your MT5 Account. You can also click on 

to transfer all of the USDT available in your MT5 Account to your Funding Account. Click on 

Congratulations! You’ve successfully made a withdrawal from your Bybit MT5 account.

Looking to hone your trading skills further? Sign up for our Bybit MT5 Demo Account to get started! 

 uses real money and the prices are based on actual market prices, while the Bybit MT5 

 uses test coins and the prices differ from market prices.

: Once you’ve created your Bybit Testnet account, proceed to log in to the MT5 platform. The login method is similar to that of the 

Congratulations! You can now proceed to use your Bybit MT5 Demo Account! 

If you’re interested in trying out Demo Trading on Bybit, you can click 

Bybit's MT5 platform is tailored for traders who seek a robust, feature-rich trading environment. With its comprehensive set of tools and features, MT5 allows traders to effectively analyze markets, execute trades and manage their portfolios across multiple financial instruments. Whether you’re at home or on the go, Bybit MT5 ensures you’re always equipped to make informed trading decisions and maximize your trading opportunities. 

Start your journey on Bybit MT5 today and experience trading like never before, with the flexibility to trade anytime, anywhere on any device.

Intermediate

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How to Use Bybit’s MT5 to Trade Crypto, Forex & CFDs

Explore our article to find out what’s the Cipher Code for today’s Hamster Kombat’s Daily Cipher Code.

, where a new Morse code challenge awaits daily adventurers at 7PM UTC. These ciphers aren't just brain teasers — they're gateways to substantial rewards within the game's economy.

 prompting players every day at 7PM UTC to decrypt a Morse code. Success in this task is handsomely rewarded with 1 million coins to encourage precise and quick thinking.

Today’s Hamster Kombat Daily Cipher: Sep 6, 2024

 Daily Cipher for Sep 6, 2024, is as follows:

Morse Code: — — —   —•   —•—•   ••••   •—   ••   —•

Ensure each Morse sequence is entered with precision and slight pauses between letters to confirm correct execution and secure your reward.

Complete the following tasks in order to earn more coins in 

Leverage the opportunity to trade HMSTR tokens on Bybit via Pre-Market Trading, setting you up for success before the tokens are officially available. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

The Daily Cipher and other dynamic activities within 

 provide plentiful opportunities to increase both your engagement and your earnings. Successfully decoding each day’s puzzle not only boosts your coin balance, but also sharpens your cognitive abilities, enriching each session with both profits and intellectual growth.

Keep connected for daily updates and strategic guidance to maintain your competitive edge in the exciting world of 

hamster kombat daily cipher code.png

A Guide to Hamster Kombat's Daily Cipher Code (Sep 6, 2024)

Trading

Position trading may or may not be your favorite. But if you intend to invest long-term, here's what you must know about a position trade.

Position-trading.jpg

You might be wondering what do the wealthiest investors in the world have in common? The quick answer is that they use money to find more money. Instead of saving, they re-invest and envision a fortune in the longer-term. In other words, they see the bigger picture (the long-term trends) and then trade in that direction. So, if you’re thinking of position trading, good! You’re halfway there.

And you know what? Position trading helps traders to find significant trends and take advantage of long-term investing. This trading style has a competitive advantage compared to the short-term trading styles like day trading, which has many pitfalls.

Below is the guide you want to know about position trading and the main concepts to learn about this trading approach. The best part, it’s supposed to give you the idea to find potential trading positions.

Position trading is a trading style where the investor holds a position (long or short) for an extended period. With position trading, the time horizon goes from days, weeks, to even years. The main purpose behind this long-term trading strategy is to take advantage of the more prominent trends. 

Position trading is beneficial, especially compared to other trading styles, let’s say, (

); it offers the opportunity to catch larger price movements on a percentage basis. Therefore, providing more potential for profit in the long term.

Let’s be real. There’s no one size fits all kind of trading strategy, and position trading is no exception.

The key is to decide on a trading style that is aligned with the personality and profile. To give an overview of a position trader’s day-to-day life, here’s how it looks like: 

Usually, this style provides more time and less stress because you don’t have to stay glued to the screen every day, and any minor fluctuation shouldn’t affect the long-term view of the asset. The critical element that differentiates position trader and day trader is patience. Position traders rather prefer to wait for the expected movement.

Usually, position trading is more suitable for those who have more commitments outside of the market. That means it’s ideal for those who have a full-time job, family, business, or more personal obligations. Additionally, institutional traders heavily utilize this approach to build positions that could generate bigger yields in time. 

There are many ways how position trading can be applied. However, most are based on technical analysis, 

, or a mixture of both. Those two forms of analysis are essential as they are literally the pillar to make sound investment decisions.

 is slightly different from the crypto space because the cryptocurrencies don’t have the same characteristics as other assets (like stocks or forex). However, the main idea behind the fundamental analysis is to find the “fair” crypto value and define based on the current price if the cryptocurrency is undervalued or overvalued.

Some of the main factors to have into consideration are:

 is related to the study of prices and volumes, allowing for better timing for entries. Additionally, it provides objective price levels where crypto investors could define the risk, profit targets, and areas where the position can be built. There are many position trading strategies built upon technical analysis; some of them will be explained later in this article.

It is important to remember that position trading uses long-term time frames; weekly, monthly, and yearly charts are the primary reference for the position traders. That is because they can identify the long-term trends and eventually define possible entry points.

An example of this trading style can be observed in the action of Bitcoin (BTCUSD) weekly chart, where the price 

. This sample provides an idea of the potential of using a position trading approach.

Position Trading vs. Day Trading vs. Swing Trading: Differences

The main difference between day trading vs. swing trading vs. position trading is the holding period. The holding period is the duration of time between the purchase of a cryptocurrency and its sale.

Additionally, it’s relevant to notice that some of the most significant returns come from directional markets with a considerable volatility amount. Nowadays, the cryptocurrency market matches those criteria. Therefore, it would be an interesting vehicle to establish long-term positions (position trading) that can yield exciting returns.

of day trading. Mainly because position trading implies holding positions for extended periods (months to years) while day trading is entering and exiting trades during one trading day. 

Day trading requires more daily attention because the trader must be in front of the screens throughout the day. Meanwhile, the position trader only has to check the market a few times a month because the time horizon is long.

Here’s an example of how trading Ethereum (ETCHUSD) shows the difference between position trading and day trading:

Swing trading is when the trader holds a position (long or short) during days or weeks, and it differs from position trading because the holding period is lower.

Although it doesn’t require as much time of attention as day trading, a swing trader must still check the prices several times per week. A rule of thumb, you must always be aware of the medium-term fluctuations that could affect the asset.

In the chart above of ETHUSD, depending on the trading style, the time of price development takes different magnitudes. In position trading (monthly chart) 15 months while in swing trading (Daily chart) 9 days.

In regards to position trading strategies, there are several methods that a crypto investor can apply. Because position trading involves tactically buying and holding cryptocurrencies for the long run, some of the technical analysis strategies used to time the market includes— 

moving average, support and resistance, breakouts, pullbacks, and range trading

The main reference for this kind of trading style will be the larger time frames, such as the weekly, monthly, and yearly charts. 

Let’s start by analyzing the trading breakout. 

Breakout trading is when the entry is placed at the point where a 

. This high could be an all-time high or a relevant level defined by the monthly or yearly chart.

The idea is that after the entry is triggered, the price must keep going. If not, the trade must be obliterated immediately.

BTCUSD is a good example; see how after the price broke the 12.473 (black dot = entry) level, it went straight up, breaking the most relevant previous structure. The 

 should have been located just below the bar that triggered the breakout.

 to identify possible continuation points after the price has reached its mean (the average) before continuing in the previous movement’s direction. Usually, this strategy yields better returns in trending markets.

One of the most used averages is the 9EMA. It is usually an indicator of momentum and provides good entry points when the momentum is strong.

For example, in the chart below the ETHUSD weekly chart, we can see how the 9EMA (black line) acted as dynamic support and eventually marked ideal entry areas to build a core position trading towards the long side (black arrows).

 is a popular yet powerful method to define entry and exit points. In essence, the support and resistance levels are key price levels on the crypto chart that tend to stop a cryptocurrency price from going any further.

Usually, when the support or resistance is tested several times, it can provide a solid area to place an order and define the risk.

In the sample above, the Litecoin weekly chart (LTCUSDT) was revolving around the 38 – 40 support area. See how previously the action was supported around this level (black dots) and eventually provide a good entry point where the risk was low compared to the possible run to the upside (Green arrow).

Pullback and retracement trading is when the trader looks for an entry on a corrective action within the context of a trend. The main idea behind pullback trading is to wait for a retracement during a trending move and use additional price action with some exhaustion action. Such as a 

 or a Fibonacci retracement to provide accurate timing.

In the weekly chart of BTCUSD, we can see two main spots to define a long entry (black dots). One after the Doji formation and one after the inside and up candle. Additionally, the stop loss should be placed below the previous swing low.

Range trading is a method that seeks to exploit trading opportunities when a 

cryptocurrency bounces between support and resistance level

, which acts as a price barrier. The price zone between the support and resistance levels is what most technicians refer to as being the range.

Usually, a price range is established when we have multiple bounces off support and the resistance level. On the price chart, this will appear like the price is being “trapped” inside a consolidation without having a clear direction.

In the context of position trading, the main idea is to play the breakout in the prevailing trend direction. For example, if Bitcoin is in a strong uptrend, you would want to 

Here in the daily chart of BTCUSD, we have identified a well-established range that eventually fueled a movement to the upside as soon as the price broke above the upper limit of the price range.

Of course, position trading is attractive. But the real deal is because it allows you to have:

Position trading also has risks associated and must be understood before applying this approach. 

The best style must suit your personality of each crypto investor and his experience in the market. For example, if you find yourself 

. You can check the market a few times per week or month to manage your positions accordingly to the medium and long-term action.

 is for you. There, you can see a daily profit and loss without stressing over an overnight position.

Usually, institutional traders and more experienced traders prefer position trading as they typically trade with big order blocks. These are buy-and-hold traders compared to retail traders who have a shorter time horizon and choose day trading or swing trading.

Position trading is a style that allows investors to participate in the major trends and eventually outperform the average trader returns. It perfectly suits traders who have limited time due to different commitments outside of the market environment (family, work, or business).

Additionally, it offers the opportunity to avoid the random “noise” usually found in lower time frames, where a minor fluctuation can shake out the trader’s positions. All and all, position trading is a great approach to participate in significant trends and increase profits exponentially.

Explained: What Is Position Trading vs. Swing Trading?

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards