Top 5 Potentially Best Cryptocurrency You Can Trade amid Financial Crisis

That thing called “best cryptocurrency” is a myth.

It is because each bad and top cryptocurrency brings out its share of risks. Some have sustained longer in the market than others, such as Bitcoin, which makes investors trust it more. Then some newbie tokens appear out of the womb of promising blockchain startups, like Ethereum, and become an alternative to Bitcoin.

But these cryptocurrencies all rise and fall aggressively, benefitting only those who use their wild price fluctuations to spot profitable entry and exit levels. 

There is also a class of HODLERS – a slang for crypto holders. They don’t trade regularly but hold what they believe are the most profitable cryptocurrencies for longer timeframes.

CoinStats has curated a list of top 5 cryptocurrencies that fits both the long-term and short-term investment models. Meanwhile, we have measured these tokens against the ongoing global financial meltdown caused by the fast-spreading coronavirus pandemic.

But one needs an overview of the situation first. The cryptocurrency market, on the whole, lost $197 billion between February 14, 2020, and March 13, 2020. The massive crash surfaced alongside a global market rout, wherein everything, be it stocks, indices, or commodities, fell drastically.

So it appears, investors wanted cash: to cover their margin positions and test it as their last safe-haven when even Gold was falling. Later, the U.S. Federal Reserve injected trillions of dollars into the market, removing the cash strain. That helped almost every market recovery.

The cryptocurrency market alone added $163 billion to its capitalization.

That shows the Fed remains THE boss during the pandemic. And its future policies will decide whether or not one’s profitable cryptocurrency bets would stay the same for the rest of the year.

Keeping that in mind, let’s dive right in the best potentially profitable cryptocurrency one can trade amid a financial crisis.

#1 Privacy-Centric ZCash as Governments Track People

Crypto users may need a lot of financial privacy as coronavirus becomes a tool for governments to spy on their citizens.

In South Korea, police scan smartphone data to find if its owner has met someone with COVID-19 symptoms. Israel is using the technology it uses to find terrorists to track down potential coronavirus patients. A hacker even went ahead and exposed an Indian COVID-19 tracking app for spying on users’ mobile data.

On the other hand, China has clarified that it wants to use his coronavirus tracing system to know people’s drinking and smoking habits.

What if all of that leads to more surveillance – that may include keeping a unique eye on one’s financial transactions? Dangerous, right?

That is why ZCash tops our list of tokens that one must own heading further into 2020. The privacy-centric cryptocurrency holds the ability to shield people’s transactions from spying eyes, making it an excellent addition to one’s investment portfolio.

Its growing demand is already visible in the way it has outdone most of its peers on its year-to-date timeframe. CoinStats data finds ZCash’s yearly profits sitting 70 percent higher, with technical indicators supporting a credible bull rally ahead.

ZCASH price-performance | Source: CoinStats

All and all, making a cryptocurrency bet on ZCash could yield more profits as the demand for privacy booms.

#2 More Internet Users Means More Basic Attention Token (BAT) Investments

Basic Attention Token, or BAT, deserves attention as workspaces move online amid the pandemic.

The token’s price appreciation model is simple. An internet browser called Brave uses BAT to pay its users to watch content. The end goal is for internet users to become the direct beneficiaries of the online ad industry, not giants with centralized advertising models.

As more people go online in 2020 amidst lockdown, Brave’s ability to rope potential Basic Attention Token investments is high. That allows the cryptocurrency to become an official ad cryptocurrency in the coming future.

BAT price-performance | Source: CoinStats

On the trade front, BAT is up 13 percent YTD – underperforming under the pressure of large-cap cryptocurrencies. But its sustainable business model could yield steady and long-term returns for its investors.

So is BAT token a good investment? Definitely, but if you like thrilling price moves, better not add a Basic Attention Token stock to your portfolio.

#3 The Partnership-Friendly Chainlink (LINK)

Chainlink (LINK) is outright speculative – no shame in admitting that. But the cryptocurrency remains one of the top performers in and outside the crypto space.

The LINK/USD exchange rate has surged 114 percent YTD, with its year-on-year gains at 203.58 percent. Chainlink is among the few cryptocurrencies that have delivered steady profits, which points to a lower dumping rate by its team.

LINK price-performance | Source: CoinStats

What has worked in favor of Chainlink so far is partnerships. As a blockchain startup, it has entered strategic deals with a string of big names, including Google and Oracle. These announcements have driven LINK’s prices higher than other top peers.

Keeping a small portion of your portfolio in LINK also works because of its lower correlation with Bitcoin.

#4 Development-focused Ethereum

Ethereum is the largest and most recognized open-source decentralized software solution. Its blockchain currently powers more than 200,000 independent projects via its flagship ERC20 standard tokenization. They include VeChain, uPort, and Augur.

But 2020 is the year of decentralized finance and stablecoins. The Ethereum ecosystem now hosts 18.5 percent DeFi and 44.5 stablecoin on its blockchain, which eventually leads to rising demand for its native asset Ether. 

Ethereum has one of the best on-chain metrics that prove its long-term bull case. BitInfoCharts noted that the number of daily transactions on the Ethereum network soared in 2020. It rose from 466,000 on January 1 to 855,000 as of May 20.

Grayscale Investments also noted that institutional investments in its flagship Ethereum Trust surged to $110 million in the first quarter. Excerpts:

“Institutional investors are buying ETH. The cat is officially out of the bag. From the latest Grayscale report: [Grayscale] Ethereum Trust saw $110M in Q1 inflows. It is more than all of its previous inflows combined for the past two years ($95.8M).”

Ethereum price-performance | Source: CoinStats

Investments in Ethereum had led its price higher by 58 percent this year. With more promising technical updates ahead, including its blockchain’s switch from proof-of-work to proof-of-stake, could further increase the Ethereum investing sentiment.

#5 Best Cryptocurrency Bitcoin

Buy Bitcoin because it is THE Bitcoin – the first and the foremost cryptocurrency that started it all. Here’s an entire article about why you should stay invested in Bitcoin.

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Negative Interest Rates & Its Potential Impact on Crypto Market

“Negative interest rates? Over my dead body.”

Jerome Powell did not say that. But if one were to reimagine the Federal Reserve chairman in a superhero comic book, that is precisely how his dramatized version would have screamed about “the biggest monetary policy experiment of modern times.”

In the real world, a less-theatrical Powell conveyed the same message during a webinar last week. The finance veteran rejected negative interest rates for its prospects to aid an injured U.S. economy. Instead, he asserted that the Fed has sufficient tool kits, which include open-ended asset purchases and various lending programs, to shied the U.S. market.

But what makes negative rate cuts suddenly the hot topic on Wall Street? Let’s first get to its basics.

Negative Rate Cuts Explained

The best way to understand negative rate cuts is a savings account. When interest rates are positive, the banker pays the account holder an annual return for keeping his money in the commercial bank. Meanwhile, when rates plunge below zero, an account holder has to pay the bank for keeping his money.

Now in a macro setting, the account holder turns into a commercial bank that stores its money at the central bank. So this time, under a negative rate setting, the commercial bank pays the central bank.

The idea behind the so-called experiment is to encourage banks to loan more money instead of keeping it with the central bank. It ideally lowers the financial costs for businesses and households, and thus, stimulate the economy.

Denmark, Japan, Switzerland, and the eurozone have negative rates. The European Central Bank, which pushed the cost of lending down to minus 0.5 percent last year, noted that keeping rates over zero would have meant a 3 percent smaller economy with 2 million more unemployed

Source: FT

But negative interest remains a large scale experiment without any historical data. Christine Lagarde, president of the ECB, earlier in February 2020 admitted that she wouldn’t draw any long-term conclusion from their policy.

An Unplanned Federal Rate Cut

Powell and his teammates at the Federal Open Market Committee are not big fans of negative interest rates policies. Even the Fed’s decision to raise interest rates invited “bonehead” criticism from the orange man himself – that president called Donald Trump.

….The USA should always be paying the the lowest rate. No Inflation! It is only the naïveté of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing. A once in a lifetime opportunity that we are missing because of “Boneheads.”

— Donald J. Trump (@realDonaldTrump) September 11, 2019

The U.S. President’s rant from last year when he referred to Fed officials as boneheads

But the arrival of Covid19 changed everything for the U.S central bank. The infection spreads quickly from human-to-human or from the things that came into the infected individuals. Its fast-spreading caused nasal and respiratory disease in nearly 1.54 million Americans, killing about 90,000 of them.

The nature of the virus is such that it forced people into their homes and brought the U.S. economy at a standstill. Over 36 million Americans lost their jobs, businesses filed for bankruptcy, and, in Powell’s own words, risked the U.S. growth to fall by 30 percent.

As a result, the Fed’s interest rate decision was to cut it to almost zero to boost lending. That prompted the U.S. interest rate futures market foreseeing further interest rate cuts by the Fed – all below zero. The prediction appeared because the market believes that Powell could fall under the pressure of Trump.

Powell’s interview last week with CNBC

But Powell denied Fed’s prospects venturing into a ‘below zero’ policy. He instead stressed that the U.S. Congress should introduce a new fiscal measure to help the suffering of American households and businesses. That was the superhero’s comic book moment to pressure the orange man.

“Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,” Powell said. “This trade-off is one for our elected representatives, who wield powers of taxation and spending.”

The message was loud and clear: “Negative interest rates? Over my dead body.”

Investors’ Outlook

Despite Powell’s assurances, one cannot deny that nobody can predict when the coronavirus pandemic would come to halt. Powell expects the government to raise funds via the sale of sovereign bonds, even though near-zero rates offer investors meager returns on their short and long-term investments.

Moreover, the Fed never really denied the prospects of negative rates. The FOMC meeting minutes from October shows that the central bank could “reassess the potential role of negative interest rates as a policy tool” under special circumstances.

Atop that, the Fed, and its equivalents around the globe are already running a quantitative easing/asset purchase program to help everyone from citizens to corporates, leading to the biggest debt bubble in history.

Source: FRED, Bloomberg

The sum of all the factors leads investors fear a higher inflation rate due to constant money printing.

An analyst even said that the U.S. markets could face hyperinflation due to the Fed’s open-ended stimulus policies. So far, Venezuela is the best case study on inflation economics.

Should that happen, investors could end up moving away from bonds and cash-based assets. They would consider putting their money in highly risky/safe-haven/hedging assets, such as equities, gold, and bitcoin-like cryptocurrency (or crypto).

Coincidentally, all three have risen in tandem after the launch of Fed’s $6 trillion stimulus program.

Meanwhile, a negative interest rate in the U.S. could spell trouble for any economy with existing below-zero rates. Many experts believe that Europe was able to sustain the policy because it drove investors to the safety of the U.S. bonds market that was offering better yields.

That said, institutional investors will be left with no opportunities for their clients should the Fed approach a negative rate policy. The worsening coronavirus pandemic serves as a trigger that could change Powell’s mind.

Why Crypto?

Search for better yields would greatly profit assets that have lasted a set of the financial crisis and emerged out even stronger. That includes Gold. Even Bitcoin, an emerging crypto asset, could offer a Gold-like hedge against the potential Federal Reserve’s negative rate crisis.

Part of the reason is the crypto’s part-money, part-commodity features. Also, those looking to evade the inflation caused by open-ended money printing could find hedging into bitcoin attractive for its hard supply cap of 21 million units.

Looking for a separate report on the best bitcoin hedge funds? Tell us in the comment box below.

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Bitcoin, Wall Street, and The End of Their Social Distancing

• Bitcoin attracts Wall Street investors as the stock market threatens to pause its V-shaped recovery.
• Grim economic outlook, under-performing bonds and gold, and rising number of coronavirus cases adds up to make a bullish case for bitcoin.

If Bitcoin is a Stark, then the month of March was its Red Wedding episode.

Out of nowhere, a virus stabbed the cryptocurrency market by surprise, taking away all the dignified gains it had made until mid-Q1/2020. It took bitcoin just 24 hours to fizzle by more than 50 percent. The cryptocurrency plunged and plunged – from the happy highs above $9,100 to the grim lows below $4,000.

It was a bloodbath. Traders, investors, speculators – all panicked and sold off their crypto positions in anticipation of more losses. 

Jump to May 2020 – two months after the broad sell-off – Bitcoin was among the most profitable assets across the conventional and non-conventional markets. Its price topped near $10,700 as on the 7th day of the month.

Bitcoin price recovery | Source: CoinStats

Between March and now, the market cap of Bitcoin grew from some $93 billion to $173 billion. Many factors breathed life into the Jon Snow Stark Targaryen-like cryptocurrency – and most of them pointed at Wall Street.

A Baffling Wall Street Recovery 

March’s brutal sell-off had more than one victim. Apart from Bitcoin, the month saw investors dumping their positions across the financial markets, including the U.S. Stocks, Gold, Oil, and even perceivably safer government bonds.

On the whole, the U.S. market lost about $10 trillion in a month.

DJI fell to record lows just like Bitcoin in March 2020 | Source: CNN

The crash that no one predicted came after healthcare professionals raised alarms about the global health threat from the novel coronavirus outbreak in China. Donald Trump initially downplayed the danger but had to bow down once the virus reached the American shores and its financial hubs in New York.

The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!

— Donald J. Trump (@realDonaldTrump) February 24, 2020

One of Donald Trump’s tweets before the coronavirus outbreak in the U.S.

Lockdowns ensued, businesses closed down, the number of jobless claims rose to the Great Depression levels, corporate earnings plunged, oil fell below zero, and the U.S. economy shrank. 

Nevertheless, equity investors looked past dire economic statistics and pushed all the three Wall Street indices – the S&P 500, the Dow Jones, and the Nasdaq, higher.

Wall Street indices YTD returns | Source: Statista

Interestingly, Bitcoin tailed the Wall Street rebound. After one point, the cryptocurrency even surpassed the three indices’ combined recoveries, rising more than 150 percent until May 2020.

But what led all these markets to rebound amid a weak economic outlook? A big-fat dollar injection.

$6 Trillion Enter the U.S. Economy

On the night of March 29, U.S. President Donald Trump signed a $2.2 trillion stimulus bill to slow the economic contraction caused by the coronavirus pandemic. The package offered relief to individuals, small businesses, and corporations (via loans, direct payments, and tax breaks).

A week before the “the Coronavirus Aid, Relief & Economic Security Act,” the U.S. Federal Reserve had separately announced an open-ended stimulus program to purchase assets while lowering its benchmark interest rates to near zero.

CNBC Coverage on Fed’s open-ended stimulus package on March 22 to revive the U.S. economy

The move meant an unlimited monetization of Treasury issuances that later formed the base for the $2 trillion government aid.

The vast and expanding support from the Fed propped up the S&P 500 index, the Nasdaq Composite, and the Dow Jones. So it appears, a small portion of the emergency fund also entered the Bitcoin market, pumping it far more aggressively than traditional equities.

The move uphill also marked the beginning of a new positive correlation between Bitcoin and the S&P 500. Up until May 13, the cryptocurrency was almost tailing the Wall Street benchmark.

Bitcoin in False Pump? 

Gains on Wall Street met skeptical responses from top analysts and market researchers. The fact that indices recovered faster despite the worsening economic damage led some to predict a slow and steady downfall in the U.S. stock market. And there are reasons.

First, the federal stimulus is giving false hopes of an extended recovery. The moment the cash plug goes off, it could crash the stock market.

Second, lifting lockdown won’t resume businesses back to normal and handle everyone their lost jobs again. It will take at least two years for entrepreneurs to cover their losses as social distancing would keep half of their customers away. 

another dreadful unemployment report and it's green to close the day. $spy $spx $es_f disconnect from reality remains far.

Stock market's forward looking but has blinders on. There's no economic recovery until 3 things happen:

1. vaccine
2. opened economy
3. meaningful stimulus

— Pivots and Fibs (@Pivots_and_Fibs) May 14, 2020

A trader comments on the U.S. stock market’s recovery

Third, even if the U.S. flattens its infection curve, the second wave of new coronavirus cases could emerge. Fears of surprising market downturns would keep investors on edge until a vaccine is found.

Last, the Fed can’t save an economy from falling into recession, no matter the size of the U.S. dollar it put into the banking system. Lowering interest rates and buying corporate debts does no right when people are not willing to spend the money. 

“While stimulus programs offset near-term disruption given generous unemployment benefits, lower interest rates, and falling gasoline prices, the joblessness is stunning, and it could take years to recover.” – noted Tobias Levkovich at Citi.

So does that mean that correlation between Bitcoin and Wall Street indices could crash the cryptocurrency as well? The latest signs say a hesitant No.

Bitcoin Halving Meets Wall Street

As stated earlier in this report, Bitcoin had many reasons to recover by more than 150 percent from its March lows. The fed stimulus was – indeed – one among them.

But the reason why investors became overly enthusiastic about Bitcoin was its third “halving” on May 12. The quadrennial technical upgrade every time cut the supply of bitcoin by half against its limited 21 million unit supply.

Since the first two halving have led the bitcoin price quintessentially higher, investors believe that its third outing will do the same, with one prediction model envisioning the price to hit $288,000 by 2022.

S2FX: $288k is the cluster center (S2F-marketvalue centroid) of next phase, like $6700 was the cluster center of last/current phase. We don't know exactly (yet) when phase 5 starts and ends, but looking at past clusters: roughly 6 months after 2020 halving, until 2024 halving+6m. pic.twitter.com/2moLsL6tvj

— PlanB (@100trillionUSD) May 12, 2020

Global media, including the likes of the Wall Street Journal, the Financial Times, Bloomberg, and CNBC, vastly covered the Bitcoin’s recovery under an additional context of halving. The hype helped the cryptocurrency to reach influential individuals on Wall Street, which were, by then, hedging their risks in traditional assets.

First, Renaissance Technologies, the renowned $160 billion quant hedge fund, stated in its SEC filing that its Medallion Funds had a go-ahead “to enter into bitcoin futures transactions.”

First reported by The Blockhttps://t.co/9D1dGJCEqr

— Frank Chaparro (@fintechfrank) May 8, 2020

That shortly followed billionaire hedge fund pioneer Paul Tudor Jones’ admission in an investment letter that he is buying bitcoin. The veteran investor, who heads a $22 million hedge fund, told CNBC that he would put 1-2 of his total allocation into bitcoin futures. Excerpts from his note:

“At the end of the day, the best profit-maximizing strategy is to own the fastest horse. Just own the best performer and not get wed to an intellectual side that might leave you weeping in the performance dust because you thought you were smarter than the market. If I am forced to forecast, my bet is it will be Bitcoin.”

Then, shortly after the halving, banking giant JP Morgan Chase & Co. announced that it is going to offer services to two U.S. crypto exchanges: Coinbase and Kraken. 

JP Morgan’s chief Jamie Dimon had called bitcoin a fraud two years ago.

The change of heart happened, nevertheless.

Moving Forward: Breaking the Correlation

The latter half of the running week saw Bitcoin breaking its short-term correlation with the S&P 500. It instead rallied alongside risk-off assets such as Gold and Silver. 

The cryptocurrency picked a different path shortly after the Federal Reserve Chairman Jerome Powell’s grim outlook on the U.S. economy Wednesday. A day later, the U.S. labor department revealed that the total number of unemployment claims topped 36 million since mid-March.

U.S. jobless claims rises to 39 million | Source: MarketWatch

The initial reaction showed investors’ willingness to stick with cryptos against a weakening financial outlook. In its totality, Bitcoin and Wall Street remains uncorrelated, which makes it attractive to big investors looking for risk-aversive hedging instruments.

The theory fits as the market runs out of options. Veteran analyst Michael Gayed saw even the least risky safe-haven, the U.S. 10-year Treasury bonds, collapsing under the crisis’s pressure.

“Risk-off is about to return in two waves — first bonds, then stocks. Two crashes,” Gayed said.

So far, it appears like an end of decade-old social distancing between Bitcoin and Wall Street.

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CoinStats Crypto Tracker App: 3 Reasons Why You Should Use It

“Behind every successful trader is a great crypto tracker app.” – CoinStats

That is because trading bitcoin – and other cryptocurrencies – is trickier than it appears. Any trader with a mere $1 in his pocket can start speculating on more than 5,000 digital assets available to trade across a total of 504 regulated and unregulated exchanges.

That $1 invested in a cryptocurrency can grow to become $2. Traders can then choose to spread the $2 capital between two cryptos. Similarly, traders could keep expanding their portfolio by adding more and more assets, reaching a point when they just can’t track all at once.

It is both the beauty and the challenge of trading cryptocurrency tokens. Their higher risk-reward turns meager investments into riches overnight. But to ensure that the riches don’t turn into serious losses, traders need more than just manually-managed excel spreadsheets to spot risks and opportunities.

For that reason, hundreds of thousand traders use the CoinStats’ cryptocurrency tracking app to help solve the problem.

The personal finance software allows users to bring the details of all their investments on one intuitive and interactive page. It lets them set up personalized crypto portfolios that they can connect their cryptocurrency wallets and exchanges to them.

But that’s just the beginning. CoinStats offers a plethora of features and services that make cryptocurrency trading a profitable venture even for the beginners. Listed below are six of those hallmarks.

#1 CoinStats App Interoperability

A trader may have multiple accounts spread across, say, four cryptocurrency exchanges, as well as nine software and two hardware wallets. To make the matter worse, every account may contain more than 10 crypto assets.

That is how a majority of day traders operate. It is not stupid but a necessity – having a diverse range of assets helps them contain investment risks. In a way, they deserve greater interoperability between their trading portals and cryptocurrency portfolio management software.

The CoinStats crypto tracker app allows traders to connect 20 leading crypto exchanges as well as cryptocurrency wallets directly to their portfolio. All the data comes together to reflect the overall trading performance, highlighted further by the positive/negative returns of each crypto asset.

Preview of CoinStats portfolio management feature

CoinStats supports Trezor, a popular cryptocurrency hardware wallet, making it one of the few crypto tracker apps that offer cold storage integrations.

Meanwhile, CoinStats also enables traders to compare buying and selling rates across seven crypto exchanges. They can also go ahead and trade crypto tokens right from the app.

Buy/Sell crypto assets directly from CoinStats

Traders can also track their open orders across different exchanges right from their personalized CoinStats portfolio. The feature allows them to compare and strategize their position to reduce overall market risks.

#2 Cryptocurrency Analytics

Before a trader even gets to managing an investment portfolio, s/he has to decide which cryptocurrency suits him/her best. Let’s admit that more than 95 percent of crypto assets are bad long-term investments – but their higher price volatility still offers attractive intraday trading opportunities.

A trader has to act quickly to spot profitable trading opportunities. But for that, s/he needs smart analytics tools.

CoinStats tends to be more than a crypto tracker app. It enables users to stalk the latest updates of every listed cryptocurrency via news feeds. A charting tool further lists the latest price, volume, and market dominance of an asset.

The app also includes insights tool that helps traders realize an asset’s current demand, interim market bias, as well as where other traders hold the asset.

Insights tool at CoinStats

There is also a higher need to track the health of an investment portfolio. Traders need to stay updated with how their investments are doing in comparison to the rest of the market.

CoinStats has introduced a string of interactive features that enable users to compare their portfolios via color references…

…track their most profitable and non-profitable coins over different timeframes…

….and realize the total fees, deposits, withdrawals they have processed since their first trade, as well as their most traded pairs and total trade counts.

Meanwhile, CoinStats features a special 24H page that lists all the major crypto updates that took place on a 24-hour timeframe. It gives information about the best and the worst-performing assets, cryptocurrencies with the highest daily volume, and a handpicked stream of most popular news curated by leading crypto portals.

A combination of both fundamental and technical cryptocurrency data analytics help traders become better investors. CoinStats strives to partner with the learning souls so they could easily manage their portfolio risks and opportunities.

#3 Margin and Futures Accounts Support

CoinStats is also an ideal platform for traders with higher risk appetites. People who are into trading bitcoin via margin and futures accounts can utilize the app to auto-sync their profiles.

Like spot, CoinStats allows margin and futures traders to track their derivatives portfolio, manage open orders, and place new positions alongside stop losses.

The tool came to surface in CoinStats’ latest 2020 update after it noticed a rising interest in bitcoin derivatives products. The app spotted huge risks in trading via both margin and futures, wherein traders can lose more than they can bet owing to overleveraged positions.

CoinStats believe that including derivatives into the spot portfolios would allow users to better track the underlying assets’ price movements. They can further use the live data to strategize their positions in the derivatives market.

All and all, CoinStats serves as a tool that alerts traders in spotting foreseeable losses and long- and short-term gains. The app even lets users share their entire portfolio with a link – ideal for professional traders looking to share insightful trading data with their paid clients.

Behind every successful trader is a great crypto tracker app.

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