Is a Crypto Ban Possible?

By Stormgain | Stormgain | 25 Mar 2022


We all know that due to ongoing geopolitical unrest, a lot of rumours have appeared in the media that some countries are considering banning or restricting crypto activity.

 

Is this already happening?

Yes, there was a ban in China that has caused the summer 2021 crypto market collapse. However, Chinese citizens are still trading using different decentralised exchanges (DEX-SWAPs), VNPs to bypass China's Great Firewall and different protocols that provide transfer policy to cover their tracks.

 

Can this happen in the US or Europe?

That would be hard to see since five US states have a legal framework for crypto businesses and crypto mining. This actually could be the end of the crypto era, however. In 2021, reports emerged that more than 15,000 people are working in the US crypto industry, with 8,000 job openings available. The same applies to Europe, where specialists are hard to come by.

 

Which crypto networks provide privacy?

The best blockchain/network where privacy is the number one focus is Monero (XMR), a blockchain project that aims to be a better version of Bitcoin. Its special features are higher transaction speeds and lower costs than Bitcoin. Most importantly, it is known for its privacy credentials, which make it nearly impossible for people to track transactions.

 

Chart Analysis: 

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Important analysis conclusions: 

  • We can clearly see that Monero (XMR) is recovering. 
  • Powerful support at $130-$140, which was rejected three times in the past two months. 
  • The Awesome Oscillator is beginning to rise despite BTC's volatility 
  • The 9/26 MA cross occurred on 7 March and isn't showing any signs of switching back to a bearish trend.

 

How to trade and invest with StormGain

Potential profit based on the last 12 months:

Current price: $185-$195

All-time high: $520 (180% potential profit) 

Potential profit on StormGain (without leverage): $1,800 return with a $1,000 investment

Potential profit on StormGain:

(1:30 leverage): $54,000 with a $1,000 investment

(1:10 leverage): $18,000 return with a $1,000 Investment

(1:5 leverage): $9,000 return with a $1,000 investment 

 

Which other instruments can be used if a crypto ban happens? 

As mentioned earlier, some countries already have a crypto ban in place. However, their residents always find a way to buy/sell crypto instruments on DEXs, which include: 

UniSwap,a protocol that can be used to exchange ERC-20 tokens on the Ethereum platform through smart contracts without a centre or administrator.

Potential profit based on the last 12 months:

Current price: $8-$9

All-time high: $45 (560% potential profit) 

Potential profit on StormGain (without leverage): $5,600 return with a $1,000 investment

Potential profit on StormGain:

(1:30 leverage): $168,000 with a $1,000 investment

(1:10 leverage): $56,000 return with a $1,000 Investment

(1:5 leverage): $28,000 return with a $1,000 investment 

 

SushiSwap, a decentralised exchange similar to Uniswap. However, several new features were added. It was created by forking Uniswap and described this new protocol as an evolution of Uniswap. A new metaverse feature was added on Sushi, making it a good trading opportunity. 

Potential profit based on the last 12 months:

Current price: $2.70-$3.20

All-time high: $22.5 (830% potential profit) 

Potential profit on StormGain (without leverage): $8,300 return with a $1,000 investment

Potential profit on StormGain:

(1:30 leverage): $249,000 with a $1,000 investment

(1:10 leverage): $83,000 return with a $1,000 Investment

(1:5 leverage): $41,500 return with a $1,000 investment 

 

Pancake, a decentralised exchange (DEX). It allows users to swap BEP-20 tokens, which are tokens built on top of the Binance Smart Chain that don't have their own blockchain. Because the platform is built on Binance Smart Chain instead of Ethereum, it has a number of advantages, such as speed, clarity and very low fees.

Potential profit based on the last 12 months:

Current price: $5.30-$5.60

All-time high: $42 (790% potential profit) 

Potential profit on StormGain (without leverage): $7,900 return with a $1,000 investment

Potential profit on StormGain:

(1:30 leverage): $237,000 with a $1,000 investment

(1:10 leverage): $79,000 return with a $1,000 Investment

(1:5 leverage): $39,000 return with a $1,000 investment 
 

Crypto can't be stopped for now. Don't miss out on these 4 opportunities that can be traded on StormGain.

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Stormgain
Stormgain

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets.


Stormgain
Stormgain

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets. Available on any device, StormGain allows you to start trading the most popular and most capitalised coins with a multiplier of up to 200x, or you can just buy and hodl crypto.

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