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US Government Transfers 4,000 BTC to ExchangeKey Insights: The US government controls a Bitcoin wallet from the Silk Road seizure.The government's Bitcoin assets are currently valued at approximately $13.3 billion. A crypto wallet known to be controlled by the US government recently transferred around 3,940 Bitcoin (BTC), worth $241 million, to Coinbase, according to data from Arkham Intelligence. The wallet currently holds approximately $13.3 billion worth of Bitcoin. This is ash is tied to the seizure of Bitcoin from Silk Road, a notorious dark web marketplace that was shut down in 2013. Previous Transfers: In April, the government allegedly transferred 30,175 BTC, worth about $2 billion, from the same wallet to Coinbase. The transaction was split into three parts, starting with a small test transfer of 0.001 BTC ($65) to a Coinbase Prime deposit address, followed by a main transfer of 1,999 BTC (around $130 million) to Coinbase. The remaining 28,176 BTC was sent to another government-controlled wallet, likely for a planned sale. Market Impact: Bitcoin's bearish momentum, which has been building since earlier this week, could be exacerbated by these large-scale transfers. On Monday, the trustee of Mt. Gox, a defunct exchange, announced it would start its $9 billion repayment plan next month, potentially increasing selling pressure as victims receive payouts in Bitcoin and Bitcoin Cash. Additionally, the German government transferred 400 BTC to Coinbase and Kraken yesterday, with an additional 500 BTC moved to an untagged address. These moves have drawn significant attention from the crypto community, leading to speculation about the government's strategy for managing and selling its Bitcoin holdings. Following the latest transfer, Bitcoin experienced a slight dip, hitting a low of $60,800 before recovering to around $61,000, according to CoinGecko’s data. Conclusion: This is a developing story, and updates will be provided as more information becomes available. The market is closely watching these large transfers, as they could significantly impact Bitcoin's price and overall market sentiment. $BTC {spot}(BTCUSDT) #Write2Earn!

US Government Transfers 4,000 BTC to Exchange

Key Insights:
The US government controls a Bitcoin wallet from the Silk Road seizure.The government's Bitcoin assets are currently valued at approximately $13.3 billion.
A crypto wallet known to be controlled by the US government recently transferred around 3,940 Bitcoin (BTC), worth $241 million, to Coinbase, according to data from Arkham Intelligence. The wallet currently holds approximately $13.3 billion worth of Bitcoin. This is ash is tied to the seizure of Bitcoin from Silk Road, a notorious dark web marketplace that was shut down in 2013.

Previous Transfers:
In April, the government allegedly transferred 30,175 BTC, worth about $2 billion, from the same wallet to Coinbase. The transaction was split into three parts, starting with a small test transfer of 0.001 BTC ($65) to a Coinbase Prime deposit address, followed by a main transfer of 1,999 BTC (around $130 million) to Coinbase. The remaining 28,176 BTC was sent to another government-controlled wallet, likely for a planned sale.
Market Impact:
Bitcoin's bearish momentum, which has been building since earlier this week, could be exacerbated by these large-scale transfers. On Monday, the trustee of Mt. Gox, a defunct exchange, announced it would start its $9 billion repayment plan next month, potentially increasing selling pressure as victims receive payouts in Bitcoin and Bitcoin Cash.
Additionally, the German government transferred 400 BTC to Coinbase and Kraken yesterday, with an additional 500 BTC moved to an untagged address. These moves have drawn significant attention from the crypto community, leading to speculation about the government's strategy for managing and selling its Bitcoin holdings.
Following the latest transfer, Bitcoin experienced a slight dip, hitting a low of $60,800 before recovering to around $61,000, according to CoinGecko’s data.
Conclusion:
This is a developing story, and updates will be provided as more information becomes available. The market is closely watching these large transfers, as they could significantly impact Bitcoin's price and overall market sentiment.
$BTC

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Beware: Ripple to Unlock 1 Billion XRP Tokens for July Sell-offsRipple, the company behind the XRP Ledger, will unlock 1 billion XRP tokens worth $470 million on July 1. This move is part of Ripple's monthly sell-offs and could negatively affect XRP's price in the coming weeks. Historical Context Since 2017, Ripple has been unlocking 1 billion tokens every month through escrows. As of May 2024, the company uses 'Ripple (24)' and 'Ripple (25)' wallets to manage these escrows, which will continue until January 2025. On July 1, 'Ripple (24)' will unlock 500 million XRP in two escrows (100 million and 400 million), while 'Ripple (25)' will unlock a single escrow of 500 million tokens. June Unlock Analysis On June 1, Ripple unlocked 1 billion XRP from 'Ripple (24)' and 'Ripple (25)' accounts. The company reserved 200 million tokens for sell-off and re-locked the rest until September 2027. Ripple added 200 million extra XRP for the sell-off, resulting in the largest monthly dump in its history. By June 20, Ripple had sold the entire 400 million XRP reserved for that month. XRP Price Impact Ripple's sales have historically impacted XRP's price due to the supply pressure on the market. In 2024, only five out of 14 sell-off days saw positive price action. Most of the time, XRP experienced local crashes following Ripple's token sales. Additionally, XRP had a negative monthly performance in four of the first six months of 2024. The price action has been notably negative since the June 1 unlock. Conclusion The upcoming 1 billion XRP unlock on July 1 could continue this trend of price pressure on XRP. Investors should monitor Ripple's activities closely as these sell-offs typically lead to significant market impacts. $XRP {spot}(XRPUSDT) #Write2Earn!

Beware: Ripple to Unlock 1 Billion XRP Tokens for July Sell-offs

Ripple, the company behind the XRP Ledger, will unlock 1 billion XRP tokens worth $470 million on July 1. This move is part of Ripple's monthly sell-offs and could negatively affect XRP's price in the coming weeks.
Historical Context
Since 2017, Ripple has been unlocking 1 billion tokens every month through escrows. As of May 2024, the company uses 'Ripple (24)' and 'Ripple (25)' wallets to manage these escrows, which will continue until January 2025. On July 1, 'Ripple (24)' will unlock 500 million XRP in two escrows (100 million and 400 million), while 'Ripple (25)' will unlock a single escrow of 500 million tokens.
June Unlock Analysis
On June 1, Ripple unlocked 1 billion XRP from 'Ripple (24)' and 'Ripple (25)' accounts. The company reserved 200 million tokens for sell-off and re-locked the rest until September 2027. Ripple added 200 million extra XRP for the sell-off, resulting in the largest monthly dump in its history. By June 20, Ripple had sold the entire 400 million XRP reserved for that month.
XRP Price Impact
Ripple's sales have historically impacted XRP's price due to the supply pressure on the market. In 2024, only five out of 14 sell-off days saw positive price action. Most of the time, XRP experienced local crashes following Ripple's token sales. Additionally, XRP had a negative monthly performance in four of the first six months of 2024. The price action has been notably negative since the June 1 unlock.

Conclusion
The upcoming 1 billion XRP unlock on July 1 could continue this trend of price pressure on XRP. Investors should monitor Ripple's activities closely as these sell-offs typically lead to significant market impacts.
$XRP

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Cardano Network Successfully Fends Off DDoS AttackLate Tuesday, the Cardano network faced a distributed denial of service (DDoS) attack aimed at disrupting its operations through a surge in malicious activities. The blockchain’s robust mechanisms successfully mitigated the attack, ensuring continued stability and operation. Details of the Attack The attack began on block 10,487,530, with each transaction executing 194 smart contracts of the REWARD type, spending 0.9 ADA per transaction. The strategy aimed to overload the network by filling each block with complex transactions, creating a backlog and degrading performance. Response and Neutralization Philip Disarro, founder of Cardano development firm Anastasia, played a key role in neutralizing the threat. His prompt public response on X influenced the attacker to cease their activities. Disarro noted that the attacker’s funds were already being pillaged, ironically ending up funding the open-source smart contract development work at Anastasia Labs and Midgard. Community Reaction The Cardano community closely monitored the situation. Prominent content creator Big Pey reassured the community via X, emphasizing that the network remained resilient and did not crash. This sentiment was widely echoed, highlighting confidence in the network’s stability and security measures. Technical Insight Jason Matias, founder of The Art of Selling Art, visually described the impact of the DDoS attack. He explained how spam transactions created larger, more difficult-to-process blocks. Cardano’s use of the extended Unspent Transaction Output (eUTxO) model was crucial in mitigating the attack's impact. This model allows for independent processing of each transaction, preventing malicious activity from compromising the network's integrity. The architectural choice of the eUTxO model ensures better scalability and security, allowing the Cardano network to maintain high throughput and reliability even under duress.$ADA {spot}(ADAUSDT) #Write2Earn!

Cardano Network Successfully Fends Off DDoS Attack

Late Tuesday, the Cardano network faced a distributed denial of service (DDoS) attack aimed at disrupting its operations through a surge in malicious activities. The blockchain’s robust mechanisms successfully mitigated the attack, ensuring continued stability and operation.
Details of the Attack
The attack began on block 10,487,530, with each transaction executing 194 smart contracts of the REWARD type, spending 0.9 ADA per transaction. The strategy aimed to overload the network by filling each block with complex transactions, creating a backlog and degrading performance.
Response and Neutralization
Philip Disarro, founder of Cardano development firm Anastasia, played a key role in neutralizing the threat. His prompt public response on X influenced the attacker to cease their activities. Disarro noted that the attacker’s funds were already being pillaged, ironically ending up funding the open-source smart contract development work at Anastasia Labs and Midgard.
Community Reaction
The Cardano community closely monitored the situation. Prominent content creator Big Pey reassured the community via X, emphasizing that the network remained resilient and did not crash. This sentiment was widely echoed, highlighting confidence in the network’s stability and security measures.
Technical Insight
Jason Matias, founder of The Art of Selling Art, visually described the impact of the DDoS attack. He explained how spam transactions created larger, more difficult-to-process blocks. Cardano’s use of the extended Unspent Transaction Output (eUTxO) model was crucial in mitigating the attack's impact. This model allows for independent processing of each transaction, preventing malicious activity from compromising the network's integrity.
The architectural choice of the eUTxO model ensures better scalability and security, allowing the Cardano network to maintain high throughput and reliability even under duress.$ADA

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Blur (BLUR) Price Prediction for Next Week 2024 and 2025Current Market Overview: Current Sentiment: BearishFear & Greed Index: 40 (Fear)Current RSI: 30.73 (Neutral)Price Volatility (30 days): 20.13%Recent Performance: 30% green days out of the last 30 daysShort-Term Predictions: Next 7 Days: Price Range: $0.212248 - $0.256575Potential Increase: Up to 20.88%, reaching $0.256575 by July 1, 2024 Next 14 Days: Price Range: $0.256575 - $0.31145Potential Increase: Up to 21.39%, reaching $0.31145 by July 8, 2024 30-Day Prediction: Expected Price: $0.315876 by July 4, 2024Potential Increase: 48.82% 2024 Predictions: July 27, 2024: Blur predicted to rise by 229.33% to $0.00 (Note: This may be a typographical error; further clarification needed)Year-End Price Range: $0.212248 - $1.007378Maximum Potential Increase: 370.36% to reach $1.007378 Technical Indicators: 200-Day SMA: Expected to drop to $0.00 by July 27, 202450-Day SMA: Expected to hit $0.00 by July 27, 2024RSI: Currently at 30.73, indicating a neutral market position Popular Moving Averages (as of June 27, 2024): Simple Moving Average (SMA)Exponential Moving Average (EMA) Analysis and Summary: Currently, the sentiment for Blur (BLUR) is bearish, with most technical indicators signaling bearish trends. Despite recent price increases, the overall market sentiment and technical indicators suggest it is not an optimal time to buy Blur. The short-term price predictions show potential increases, but the long-term predictions indicate a highly volatile market with significant potential gains if the upper targets are reached. Note: These predictions are for informational purposes only and are not investment advice. Conduct thorough research before making any investment decisions $BLUR {spot}(BLURUSDT) #Write2Earn!

Blur (BLUR) Price Prediction for Next Week 2024 and 2025

Current Market Overview:
Current Sentiment: BearishFear & Greed Index: 40 (Fear)Current RSI: 30.73 (Neutral)Price Volatility (30 days): 20.13%Recent Performance: 30% green days out of the last 30 daysShort-Term Predictions:
Next 7 Days:
Price Range: $0.212248 - $0.256575Potential Increase: Up to 20.88%, reaching $0.256575 by July 1, 2024
Next 14 Days:
Price Range: $0.256575 - $0.31145Potential Increase: Up to 21.39%, reaching $0.31145 by July 8, 2024
30-Day Prediction:
Expected Price: $0.315876 by July 4, 2024Potential Increase: 48.82%
2024 Predictions:
July 27, 2024: Blur predicted to rise by 229.33% to $0.00 (Note: This may be a typographical error; further clarification needed)Year-End Price Range: $0.212248 - $1.007378Maximum Potential Increase: 370.36% to reach $1.007378
Technical Indicators:
200-Day SMA: Expected to drop to $0.00 by July 27, 202450-Day SMA: Expected to hit $0.00 by July 27, 2024RSI: Currently at 30.73, indicating a neutral market position
Popular Moving Averages (as of June 27, 2024):
Simple Moving Average (SMA)Exponential Moving Average (EMA)
Analysis and Summary:
Currently, the sentiment for Blur (BLUR) is bearish, with most technical indicators signaling bearish trends. Despite recent price increases, the overall market sentiment and technical indicators suggest it is not an optimal time to buy Blur. The short-term price predictions show potential increases, but the long-term predictions indicate a highly volatile market with significant potential gains if the upper targets are reached.
Note: These predictions are for informational purposes only and are not investment advice. Conduct thorough research before making any investment decisions
$BLUR

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Radicle (RAD) Price Prediction and OverviewCurrent and Recent Performance:Current Price: $1.57Price Last Week: $2.13 (+33.02% in the past week)24-Hour Change: +35.57%Market Cap: $79.21MCirculating Supply: 100.00M RADTrading Volume (24h): $97.16M2023 Performance: Radicle has experienced significant price movements in 2023. Despite recent volatility, long-term sentiment remains bullish with RAD expected to hit $3.63 by 2025. However, the trading volume has decreased by -7.89% over the past 30 days. Historical Context: All-Time High (ATH): $157.06Change From ATH: -98.99%Change Over 6 Months: -16.20% Short-term Price Prediction: Using AI technology, the short-term price prediction for Radicle considers past hourly prices and current market trends. The exact future price may vary. Long-term Price Prediction: Here’s an overview of Radicle’s long-term price predictions from 2024 to 2050, based on past price behavior, current events, and public opinion. 2024 Price Prediction: Trading Range: $0.08931 to $145.13Expected Year-End Price: $0.009089The outlook for 2024 is positive, maintaining a bullish sentiment. Detailed Monthly Predictions for 2024: January: $0.08931 - $145.13February: $0.08931 - $145.13March: $0.08931 - $145.13April: $0.08931 - $145.13May: $0.08931 - $145.13June: $0.08931 - $145.13July: $0.08931 - $145.13August: $0.08931 - $145.13September: $0.08931 - $145.13October: $0.08931 - $145.13November: $0.08931 - $145.13December: $0.08931 - $145.13 Note: These predictions are for informational purposes only and should not be taken as investment advice. It’s essential to conduct your own research before making any investment decisions. $RAD {spot}(RADUSDT) #Write2Earn!

Radicle (RAD) Price Prediction and Overview

Current and Recent Performance:Current Price: $1.57Price Last Week: $2.13 (+33.02% in the past week)24-Hour Change: +35.57%Market Cap: $79.21MCirculating Supply: 100.00M RADTrading Volume (24h): $97.16M2023 Performance:
Radicle has experienced significant price movements in 2023. Despite recent volatility, long-term sentiment remains bullish with RAD expected to hit $3.63 by 2025. However, the trading volume has decreased by -7.89% over the past 30 days.
Historical Context:
All-Time High (ATH): $157.06Change From ATH: -98.99%Change Over 6 Months: -16.20%
Short-term Price Prediction:
Using AI technology, the short-term price prediction for Radicle considers past hourly prices and current market trends. The exact future price may vary.
Long-term Price Prediction:
Here’s an overview of Radicle’s long-term price predictions from 2024 to 2050, based on past price behavior, current events, and public opinion.
2024 Price Prediction:
Trading Range: $0.08931 to $145.13Expected Year-End Price: $0.009089The outlook for 2024 is positive, maintaining a bullish sentiment.
Detailed Monthly Predictions for 2024:
January: $0.08931 - $145.13February: $0.08931 - $145.13March: $0.08931 - $145.13April: $0.08931 - $145.13May: $0.08931 - $145.13June: $0.08931 - $145.13July: $0.08931 - $145.13August: $0.08931 - $145.13September: $0.08931 - $145.13October: $0.08931 - $145.13November: $0.08931 - $145.13December: $0.08931 - $145.13
Note: These predictions are for informational purposes only and should not be taken as investment advice. It’s essential to conduct your own research before making any investment decisions.
$RAD

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Pendle( PENDLE )Price Prediction 2024-2030Key Takeaways: 2024 Prediction: Pendle is expected to reach a minimum level of $8.14.2027 Prediction: The price is forecasted to reach a maximum level of $29.32.2030 Prediction: PENDLE could reach a maximum level of $88.70, with an average price of $73.69. Pendle’s Innovative Approach Pendle (PENDLE) is revolutionizing the DeFi space by enabling the trading of future yields, maximizing returns through advanced smart contracts and seamless integration with other DeFi platforms. Recent progress, including smart contract updates and strategic partnerships, marks its growth and commitment to innovation. Current Market Analysis Pendle is experiencing a bearish market, with its price declining to $5.52. Resistance is currently at $5.89, while support is at $5.51. The overall trend is downward, indicating higher selling pressure than buying interest. 1-Day Analysis: Selling pressure around the $5.52 level suggests continued bearish sentiment. The MACD shows a slight positive divergence, indicating potential bullish momentum, while the RSI at 48.47 indicates a neutral zone.4-Hour Analysis: Pendle faces bearish sentiment within the $5.50 to $5.65 range. The MACD indicator shows a bearish crossover, and the RSI at 42.35 suggests the market is neither oversold nor overbought. Pendle Price Predictions: 2025: Minimum price of $11.84, maximum of $14.22, and average of $12.18.2026: Minimum price of $16.87, maximum of $20.43, and average of $17.36.2027: Minimum price of $24.35, maximum of $29.31, and average of $25.22.2028: Minimum price of $33.98, maximum of $42.04, and average of $35.24.2029: Minimum price of $50.96, maximum of $58.43, and average of $52.72.2030: Minimum price of $71.58, maximum of $88.70, and average of $73.69. Conclusion Pendle’s unique approach to tokenizing and trading future yields makes it a compelling investment in the DeFi sector. The ecosystem shows strong community trust, with significant TVL, market cap growth, and endorsements from industry veterans. While the current market sentiment is bearish, the long-term predictions indicate substantial growth potential, making Pendle a promising investment opportunity. Recent News: Arthur Hayes purchased 92,339.6 $PENDLE through Wintermute’s algorithm trading platform, highlighting confidence in the token’s potential.$PENDLE {spot}(PENDLEUSDT) #Write2Earn!

Pendle( PENDLE )Price Prediction 2024-2030

Key Takeaways:
2024 Prediction: Pendle is expected to reach a minimum level of $8.14.2027 Prediction: The price is forecasted to reach a maximum level of $29.32.2030 Prediction: PENDLE could reach a maximum level of $88.70, with an average price of $73.69.
Pendle’s Innovative Approach
Pendle (PENDLE) is revolutionizing the DeFi space by enabling the trading of future yields, maximizing returns through advanced smart contracts and seamless integration with other DeFi platforms. Recent progress, including smart contract updates and strategic partnerships, marks its growth and commitment to innovation.
Current Market Analysis
Pendle is experiencing a bearish market, with its price declining to $5.52. Resistance is currently at $5.89, while support is at $5.51. The overall trend is downward, indicating higher selling pressure than buying interest.
1-Day Analysis: Selling pressure around the $5.52 level suggests continued bearish sentiment. The MACD shows a slight positive divergence, indicating potential bullish momentum, while the RSI at 48.47 indicates a neutral zone.4-Hour Analysis: Pendle faces bearish sentiment within the $5.50 to $5.65 range. The MACD indicator shows a bearish crossover, and the RSI at 42.35 suggests the market is neither oversold nor overbought.
Pendle Price Predictions:
2025: Minimum price of $11.84, maximum of $14.22, and average of $12.18.2026: Minimum price of $16.87, maximum of $20.43, and average of $17.36.2027: Minimum price of $24.35, maximum of $29.31, and average of $25.22.2028: Minimum price of $33.98, maximum of $42.04, and average of $35.24.2029: Minimum price of $50.96, maximum of $58.43, and average of $52.72.2030: Minimum price of $71.58, maximum of $88.70, and average of $73.69.
Conclusion
Pendle’s unique approach to tokenizing and trading future yields makes it a compelling investment in the DeFi sector. The ecosystem shows strong community trust, with significant TVL, market cap growth, and endorsements from industry veterans. While the current market sentiment is bearish, the long-term predictions indicate substantial growth potential, making Pendle a promising investment opportunity.
Recent News: Arthur Hayes purchased 92,339.6 $PENDLE through Wintermute’s algorithm trading platform, highlighting confidence in the token’s potential.$PENDLE

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Bitcoin Price Weekly Close Signals Potential for Historic HighsKey Takeaways: Bullish Patterns Indicate Breakout Potential: Bitcoin shows signs of a breakout with bullish RSI patterns and tightening Bollinger Bands, suggesting increased volatility and potential for significant price movements.Strategic Trading Opportunities: Look for a breakout above the upper Bollinger Band with increased volume for confirmation of trend strength, and set stop-loss orders just below recent lows.Support and Resistance Levels: Short-term support around $63,900 and resistance near $64,000 are crucial for traders to monitor.Double-Bottom Formation Signals Bullish Reversal: Multiple double-bottom formations suggest that selling pressure may be exhausting, pointing to a potential bullish reversal.Volatility Preparedness: Traders should use tight stop losses and clear profit targets to manage expected spikes in volatility effectively. Bitcoin is showing strong signs of a potential breakout, suggesting that new all-time highs might be on the horizon. Recent market movements and key technical indicators point to a significant surge in Bitcoin price, making it a crucial time for traders and investors to pay attention. Bullish Indicators in Play for Bitcoin Price Bitcoin's price movements have been closely watched by traders and analysts. The recent bullish patterns observed in the RSI are particularly noteworthy. The RSI shows bullish divergence, which occurs when the RSI fails to reach new lows while the price tests lower levels, indicating potential accumulation of bullish momentum. Additionally, the tightening of Bollinger Bands suggests an impending spike in volatility. Historically, such tightening precedes major price shifts. Key Support and Resistance Levels Recent Bitcoin price action highlights short-term support around $62,000 and resistance near $64,000. These levels are critical as benchmarks for potential breakouts or breakdowns. The chart identifies multiple double-bottom formations, a classic bullish reversal pattern, suggesting that selling pressure is exhausting and an upward move is likely. Trading Strategies for Different Scenarios Given the presence of both bullish and bearish patterns, traders might consider strategies that accommodate rapid price shifts. For Bullish Traders: Monitor for a stable breakout above the recent double-top formation. Look for increased volume, a bullish MACD crossover, or a high RSI reading for confirmation.For Bearish Traders: Look for rejections at key resistance levels and confirmations of double top patterns. Set stop-loss orders above recent highs to mitigate risks associated with sudden price spikes. The tightening Bollinger Bands highlight anticipated volatility, emphasizing the need for tight stop-loss orders and clear profit targets. Conclusion Bitcoin's recent market activity, coupled with key technical indicators, suggests a substantial surge could be imminent. The bullish patterns in the RSI and tightening Bollinger Bands indicate a potential breakout. Traders should remain vigilant, watching for a breakout above the upper Bollinger Band with increased volume. Setting stop-loss orders just below recent lows can provide protection against downturns. As Bitcoin’s weekly close approaches, the potential for new all-time highs becomes increasingly plausible. Understanding and leveraging these technical indicators can significantly enhance trading strategies and help navigate the volatile world of crypto trading.$BTC {spot}(BTCUSDT)

Bitcoin Price Weekly Close Signals Potential for Historic Highs

Key Takeaways:
Bullish Patterns Indicate Breakout Potential: Bitcoin shows signs of a breakout with bullish RSI patterns and tightening Bollinger Bands, suggesting increased volatility and potential for significant price movements.Strategic Trading Opportunities: Look for a breakout above the upper Bollinger Band with increased volume for confirmation of trend strength, and set stop-loss orders just below recent lows.Support and Resistance Levels: Short-term support around $63,900 and resistance near $64,000 are crucial for traders to monitor.Double-Bottom Formation Signals Bullish Reversal: Multiple double-bottom formations suggest that selling pressure may be exhausting, pointing to a potential bullish reversal.Volatility Preparedness: Traders should use tight stop losses and clear profit targets to manage expected spikes in volatility effectively.
Bitcoin is showing strong signs of a potential breakout, suggesting that new all-time highs might be on the horizon. Recent market movements and key technical indicators point to a significant surge in Bitcoin price, making it a crucial time for traders and investors to pay attention.
Bullish Indicators in Play for Bitcoin Price
Bitcoin's price movements have been closely watched by traders and analysts. The recent bullish patterns observed in the RSI are particularly noteworthy. The RSI shows bullish divergence, which occurs when the RSI fails to reach new lows while the price tests lower levels, indicating potential accumulation of bullish momentum.
Additionally, the tightening of Bollinger Bands suggests an impending spike in volatility. Historically, such tightening precedes major price shifts.
Key Support and Resistance Levels
Recent Bitcoin price action highlights short-term support around $62,000 and resistance near $64,000. These levels are critical as benchmarks for potential breakouts or breakdowns.
The chart identifies multiple double-bottom formations, a classic bullish reversal pattern, suggesting that selling pressure is exhausting and an upward move is likely.
Trading Strategies for Different Scenarios
Given the presence of both bullish and bearish patterns, traders might consider strategies that accommodate rapid price shifts.
For Bullish Traders: Monitor for a stable breakout above the recent double-top formation. Look for increased volume, a bullish MACD crossover, or a high RSI reading for confirmation.For Bearish Traders: Look for rejections at key resistance levels and confirmations of double top patterns. Set stop-loss orders above recent highs to mitigate risks associated with sudden price spikes.
The tightening Bollinger Bands highlight anticipated volatility, emphasizing the need for tight stop-loss orders and clear profit targets.

Conclusion
Bitcoin's recent market activity, coupled with key technical indicators, suggests a substantial surge could be imminent. The bullish patterns in the RSI and tightening Bollinger Bands indicate a potential breakout. Traders should remain vigilant, watching for a breakout above the upper Bollinger Band with increased volume. Setting stop-loss orders just below recent lows can provide protection against downturns.
As Bitcoin’s weekly close approaches, the potential for new all-time highs becomes increasingly plausible. Understanding and leveraging these technical indicators can significantly enhance trading strategies and help navigate the volatile world of crypto trading.$BTC
Guide to Relative Strength Index: How To Trade Using RSI?Introduction Seasoned traders often use the Relative Strength Index (RSI) to identify ideal entry and exit points in crypto trading. This guide explores how RSI can enhance trading strategies and maximize profits by providing insights into market momentum and potential reversals. What is the Relative Strength Index (RSI) Indicator? Developed by J. Welles Wilder Jr., the RSI is a momentum oscillator that measures the speed and change of price movements. It helps identify overbought (above 70) and oversold (below 30) conditions in the market. Key Points of the RSI Indicator for Crypto Trading Overbought and Oversold Conditions: RSI pinpoints overbought and oversold levels, indicating potential market reversals.Divergence Analysis: RSI divergence occurs when price moves opposite to RSI, signaling possible trend reversals.Support and Resistance Levels: RSI helps identify these levels, aiding in strategic entry and exit planning.Enhanced Trade Decisions: Combining RSI with other tools like moving averages or MACD improves trading decisions. Benefits of Using RSI for Crypto Trading Timely Market Insights: Provides prompt market condition insights.Versatility: Applicable across various time frames for short-term and long-term strategies.Risk Management: Identifies overbought and oversold conditions, aiding in risk management. How to Use Relative Strength Index to Trade? Using RSI in crypto trading offers valuable insights for making informed decisions: Identifying Overbought and Oversold Conditions: When RSI rises above 70, it indicates overbought conditions, and when it falls below 30, it indicates oversold conditions.Spotting Divergence: Divergence between RSI and price action can signal trend reversals.Utilizing RSI Levels for Support and Resistance: RSI levels can act as support and resistance zones.Combining RSI with Other Indicators: Use RSI alongside other tools like moving averages or MACD to confirm signals and reduce false positives. Conclusion The RSI is an essential tool in crypto trading, providing insights into market momentum and potential price movements. By understanding and utilizing RSI, traders can enhance their strategies, manage risks better, and achieve more precise entry and exit points, leading to improved trading outcomes. #CryptoTradingGuide

Guide to Relative Strength Index: How To Trade Using RSI?

Introduction
Seasoned traders often use the Relative Strength Index (RSI) to identify ideal entry and exit points in crypto trading. This guide explores how RSI can enhance trading strategies and maximize profits by providing insights into market momentum and potential reversals.
What is the Relative Strength Index (RSI) Indicator?
Developed by J. Welles Wilder Jr., the RSI is a momentum oscillator that measures the speed and change of price movements. It helps identify overbought (above 70) and oversold (below 30) conditions in the market.
Key Points of the RSI Indicator for Crypto Trading
Overbought and Oversold Conditions: RSI pinpoints overbought and oversold levels, indicating potential market reversals.Divergence Analysis: RSI divergence occurs when price moves opposite to RSI, signaling possible trend reversals.Support and Resistance Levels: RSI helps identify these levels, aiding in strategic entry and exit planning.Enhanced Trade Decisions: Combining RSI with other tools like moving averages or MACD improves trading decisions.
Benefits of Using RSI for Crypto Trading
Timely Market Insights: Provides prompt market condition insights.Versatility: Applicable across various time frames for short-term and long-term strategies.Risk Management: Identifies overbought and oversold conditions, aiding in risk management.
How to Use Relative Strength Index to Trade?
Using RSI in crypto trading offers valuable insights for making informed decisions:
Identifying Overbought and Oversold Conditions: When RSI rises above 70, it indicates overbought conditions, and when it falls below 30, it indicates oversold conditions.Spotting Divergence: Divergence between RSI and price action can signal trend reversals.Utilizing RSI Levels for Support and Resistance: RSI levels can act as support and resistance zones.Combining RSI with Other Indicators: Use RSI alongside other tools like moving averages or MACD to confirm signals and reduce false positives.

Conclusion
The RSI is an essential tool in crypto trading, providing insights into market momentum and potential price movements. By understanding and utilizing RSI, traders can enhance their strategies, manage risks better, and achieve more precise entry and exit points, leading to improved trading outcomes.
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Lista DAO (LISTA) Short-Term Price PredictionCurrent Prediction According to our current price prediction for Lista DAO, the price is expected to rise by 230.68% and reach $0.00 by July 25, 2024. Based on technical indicators, the current sentiment is bullish, and the Fear & Greed Index is at 30 (Fear). Over the last 30 days, Lista DAO has recorded 1 out of 5 green days, indicating some volatility. Short-Term Predictions Tomorrow Prediction: Lista DAO is predicted to gain 0.00% and reach $0.745628. This Week Price Range: $0.745628 to $0.973374.Potential Increase: 30.54% if the price reaches $0.973374 by June 30, 2024. Next Week Price Range: $0.973374 to $1.150759.Potential Increase: 18.22% if the price reaches $1.150759 by July 7, 2024. 2024 Prediction Lista DAO is forecasted to trade within a range of $0.745628 and $3.56. If the upper price target is reached, LISTA could increase by 420.25% and reach $3.56. Technical Analysis The sentiment is bullish with 4 technical indicators signaling bullish signals and none signaling bearish signals. Moving averages (both simple and exponential) are often used to gauge price trends over time, though they lag behind current price action. Conclusion Based on the current data and predictions, Lista DAO shows a bullish outlook, making it a potentially good time to buy. However, as with all investments, it's important to consider both the technical indicators and market conditions before making a decision.$LISTA {spot}(LISTAUSDT) #Write2Earn!

Lista DAO (LISTA) Short-Term Price Prediction

Current Prediction
According to our current price prediction for Lista DAO, the price is expected to rise by 230.68% and reach $0.00 by July 25, 2024. Based on technical indicators, the current sentiment is bullish, and the Fear & Greed Index is at 30 (Fear). Over the last 30 days, Lista DAO has recorded 1 out of 5 green days, indicating some volatility.
Short-Term Predictions
Tomorrow
Prediction: Lista DAO is predicted to gain 0.00% and reach $0.745628.
This Week
Price Range: $0.745628 to $0.973374.Potential Increase: 30.54% if the price reaches $0.973374 by June 30, 2024.
Next Week
Price Range: $0.973374 to $1.150759.Potential Increase: 18.22% if the price reaches $1.150759 by July 7, 2024.
2024 Prediction
Lista DAO is forecasted to trade within a range of $0.745628 and $3.56. If the upper price target is reached, LISTA could increase by 420.25% and reach $3.56.
Technical Analysis
The sentiment is bullish with 4 technical indicators signaling bullish signals and none signaling bearish signals. Moving averages (both simple and exponential) are often used to gauge price trends over time, though they lag behind current price action.
Conclusion
Based on the current data and predictions, Lista DAO shows a bullish outlook, making it a potentially good time to buy. However, as with all investments, it's important to consider both the technical indicators and market conditions before making a decision.$LISTA

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Bitcoin Left Behind! Is Ethereum the New Crypto King?Story Highlights Ethereum’s Stability vs. Bitcoin’s Decline: Ethereum’s price has remained relatively steady, while Bitcoin has experienced a drop.Skeptical Analysts: Some analysts are cautious about Ethereum’s rise due to the performance of past ETFs and potential stock market corrections.Positive Short-term Outlook: While it’s too early to declare Ethereum as the new crypto king, its short-term prospects appear favorable. The Rise of Ethereum Historically, Ethereum (ETH) has been seen as a secondary player to Bitcoin (BTC). However, recent trends suggest a shift in market sentiment favoring Ethereum. Here's why this change might be coming: Why is Ethereum Shining? In the current volatile market, Ethereum has shown impressive stability. Following the approval of the long-awaited Ethereum ETF, its price has only dipped by 8% to $3,367, compared to Bitcoin's nearly 12% drop to $60,950 during the same period. Technical Analysis ETH/BTC Pair According to crypto analyst Flow, Ethereum has rebounded strongly against Bitcoin from multi-year lows. If ETH maintains this upward momentum and breaks out of its historical downtrend against BTC, it could attract significant interest from large investors, potentially leading to further price increases. SOL/ETH Pair The SOL/ETH trading pair has reached a critical point. Solana (SOL) has repeatedly tested its all-time high against ETH, but recent price action suggests that SOL/ETH may be facing resistance. This indicates a potential shift in bullish momentum towards other assets. Impact of the Ethereum ETF The imminent launch of ETH ETFs, expected in July or August, has reinforced Ethereum’s upward momentum. This development promises to enhance Ethereum’s appeal among institutional investors, potentially attracting substantial capital. Notably, German investors are showing more confidence in Ethereum compared to Bitcoin. The Flip Side Despite the positive outlook, analysts remain cautious. There is skepticism surrounding ETH ETFs, particularly due to their underperformance in Hong Kong compared to spot Bitcoin ETFs. Additionally, potential corrections in major indices like Nasdaq, where stocks such as NVIDIA are influential, could impact the broader market and Ethereum’s price. Conclusion While it’s too early to declare Ethereum as the new crypto king, its recent price movements and the anticipated launch of ETH ETFs offer promising opportunities for investors. With catalysts on the horizon and a generally positive market environment, Ethereum appears poised for growth. Investors are adopting strategies that reflect cautious optimism, ready to adjust as market conditions evolve. $ETH {spot}(ETHUSDT) #CryptoTradingGuide

Bitcoin Left Behind! Is Ethereum the New Crypto King?

Story Highlights
Ethereum’s Stability vs. Bitcoin’s Decline: Ethereum’s price has remained relatively steady, while Bitcoin has experienced a drop.Skeptical Analysts: Some analysts are cautious about Ethereum’s rise due to the performance of past ETFs and potential stock market corrections.Positive Short-term Outlook: While it’s too early to declare Ethereum as the new crypto king, its short-term prospects appear favorable.
The Rise of Ethereum
Historically, Ethereum (ETH) has been seen as a secondary player to Bitcoin (BTC). However, recent trends suggest a shift in market sentiment favoring Ethereum. Here's why this change might be coming:
Why is Ethereum Shining?
In the current volatile market, Ethereum has shown impressive stability. Following the approval of the long-awaited Ethereum ETF, its price has only dipped by 8% to $3,367, compared to Bitcoin's nearly 12% drop to $60,950 during the same period.
Technical Analysis
ETH/BTC Pair
According to crypto analyst Flow, Ethereum has rebounded strongly against Bitcoin from multi-year lows. If ETH maintains this upward momentum and breaks out of its historical downtrend against BTC, it could attract significant interest from large investors, potentially leading to further price increases.
SOL/ETH Pair
The SOL/ETH trading pair has reached a critical point. Solana (SOL) has repeatedly tested its all-time high against ETH, but recent price action suggests that SOL/ETH may be facing resistance. This indicates a potential shift in bullish momentum towards other assets.
Impact of the Ethereum ETF
The imminent launch of ETH ETFs, expected in July or August, has reinforced Ethereum’s upward momentum. This development promises to enhance Ethereum’s appeal among institutional investors, potentially attracting substantial capital. Notably, German investors are showing more confidence in Ethereum compared to Bitcoin.
The Flip Side
Despite the positive outlook, analysts remain cautious. There is skepticism surrounding ETH ETFs, particularly due to their underperformance in Hong Kong compared to spot Bitcoin ETFs. Additionally, potential corrections in major indices like Nasdaq, where stocks such as NVIDIA are influential, could impact the broader market and Ethereum’s price.
Conclusion
While it’s too early to declare Ethereum as the new crypto king, its recent price movements and the anticipated launch of ETH ETFs offer promising opportunities for investors. With catalysts on the horizon and a generally positive market environment, Ethereum appears poised for growth. Investors are adopting strategies that reflect cautious optimism, ready to adjust as market conditions evolve.
$ETH

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Bitcoin Dominance Plunges: Is It the Right Time to Buy Altcoins?Key Takeaways Bitcoin Dominance Decline: Bitcoin's market dominance is falling, potentially signaling a rise for altcoins.Emerging Altcoin Season: Crypto experts suggest the possibility of an upcoming altcoin season, with buying signals emerging. Current Market Dynamics Bitcoin's price is declining, and its dominance has dropped by 2%, indicating a positive outlook for altcoins. According to crypto expert Dami-Defi and data analysis platform Dune, this trend might signal the start of an altcoin season. Historically, when Bitcoin's dominance decreases, liquidity often shifts to altcoins, which can lead to their price increases. Expert Insights Dami-Defi: Observed a decline in Bitcoin (BTC) and a rise in altcoins. BTC dominance has dropped by 2% over the past 24 hours. Total 3, representing the total market cap of all cryptocurrencies excluding Bitcoin and Ethereum, is maintaining local support and showing potential for a reversal.Community Opinions: While some see this as an early sign of altcoin season, others, like user favoriteluckybanjo, suggest caution, noting that significant advancements in projects like $avax and $link could indicate future potential. Another user speculates that the altcoin season might start in October. Altcoin Buying Signal Dune's altcoin dashboard suggests a buying signal for altcoins. This system, similar to an RSI oscillator, considers various market metrics to provide a market overview. TOTAL3 (the total market cap excluding BTC and ETH) showing support hints at a possible shift in investor interest towards altcoins. Bitcoin's Technical Performance Daily Technical Chart: Bitcoin's price is showing weakness, breaking below the 50 EMA level. At the time of analysis, BTC was supported at the 200 EMA level around $61,644, indicating buyer presence at lower levels.Weekly Performance: Bitcoin's price dropped by 8.22%, showcasing bearish trends on the daily technical chart.Technical Indicators: Both EMA and RSI are in the bearish zone, indicating negative signals. Conclusion The current market trends suggest a crucial moment for investors. With Bitcoin's dominance decreasing and altcoins gaining traction, there might be an opportunity for a potential altcoin season. The 2% drop in BTC dominance and steady support for Total 3 indicate a shift in investor interest towards altcoins. While some analysts, like Dami-Defi, see this as a buying opportunity, others urge caution, noting that it might be premature to declare the start of an altcoin season. Ultimately, whether this is the right time to buy altcoins depends on individual risk appetites and thorough analysis of market conditions.$ETH {spot}(ETHUSDT) #CryptoTradingGuide

Bitcoin Dominance Plunges: Is It the Right Time to Buy Altcoins?

Key Takeaways
Bitcoin Dominance Decline: Bitcoin's market dominance is falling, potentially signaling a rise for altcoins.Emerging Altcoin Season: Crypto experts suggest the possibility of an upcoming altcoin season, with buying signals emerging.
Current Market Dynamics
Bitcoin's price is declining, and its dominance has dropped by 2%, indicating a positive outlook for altcoins. According to crypto expert Dami-Defi and data analysis platform Dune, this trend might signal the start of an altcoin season. Historically, when Bitcoin's dominance decreases, liquidity often shifts to altcoins, which can lead to their price increases.
Expert Insights
Dami-Defi: Observed a decline in Bitcoin (BTC) and a rise in altcoins. BTC dominance has dropped by 2% over the past 24 hours. Total 3, representing the total market cap of all cryptocurrencies excluding Bitcoin and Ethereum, is maintaining local support and showing potential for a reversal.Community Opinions: While some see this as an early sign of altcoin season, others, like user favoriteluckybanjo, suggest caution, noting that significant advancements in projects like $avax and $link could indicate future potential. Another user speculates that the altcoin season might start in October.
Altcoin Buying Signal
Dune's altcoin dashboard suggests a buying signal for altcoins. This system, similar to an RSI oscillator, considers various market metrics to provide a market overview. TOTAL3 (the total market cap excluding BTC and ETH) showing support hints at a possible shift in investor interest towards altcoins.
Bitcoin's Technical Performance
Daily Technical Chart: Bitcoin's price is showing weakness, breaking below the 50 EMA level. At the time of analysis, BTC was supported at the 200 EMA level around $61,644, indicating buyer presence at lower levels.Weekly Performance: Bitcoin's price dropped by 8.22%, showcasing bearish trends on the daily technical chart.Technical Indicators: Both EMA and RSI are in the bearish zone, indicating negative signals.
Conclusion
The current market trends suggest a crucial moment for investors. With Bitcoin's dominance decreasing and altcoins gaining traction, there might be an opportunity for a potential altcoin season. The 2% drop in BTC dominance and steady support for Total 3 indicate a shift in investor interest towards altcoins.
While some analysts, like Dami-Defi, see this as a buying opportunity, others urge caution, noting that it might be premature to declare the start of an altcoin season. Ultimately, whether this is the right time to buy altcoins depends on individual risk appetites and thorough analysis of market conditions.$ETH

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Fetch.ai (FET) Price Prediction This Week & Next WeekOverview As of June 25, 2024, the current sentiment for Fetch.ai (FET) is bearish. The Fear & Greed Index is showing 30, indicating fear in the market. Fetch.ai recorded 8 green days out of the last 30, with a price volatility of 18.56%. Short-Term Predictions Tomorrow: Fetch.ai is predicted to lose 0.00% and reach a price of $1.660603.This Week: The price of Fetch.ai is forecasted to trade within a range of $1.660603 to $1.714129, with an expected increase of 3.22% to $1.714129 by July 1, 2024.Next Week: The price range prediction for Fetch.ai is between $1.714129 and $1.825672. If it reaches the upper price target, Fetch.ai could increase by 6.51% to $1.825672 by July 8, 2024. 30-Day Projection By July 2, 2024: Fetch.ai is projected to be trading at $1.712461, representing a gain of 3.12% over the current price. Technical Indicators Relative Strength Index (RSI): Currently at 47.40, indicating a neutral market position. Moving Averages and Oscillators Simple Moving Averages (SMA) and Exponential Moving Averages (EMA): These are used to smooth price action over a specific period and are lagging indicators, meaning they are influenced by historical price activity. Conclusion Based on the data: The short-term sentiment for Fetch.ai is bearish, making it currently a bad time to buy according to the technical indicators.There is a projected slight increase in the price over the next week and month.The overall market sentiment for Fetch.ai remains cautious with a neutral RSI and a fear indicator in the broader market. Investors should consider both technical and fundamental factors before making any decisions.$FET {spot}(FETUSDT) #Write2Earn!

Fetch.ai (FET) Price Prediction This Week & Next Week

Overview
As of June 25, 2024, the current sentiment for Fetch.ai (FET) is bearish. The Fear & Greed Index is showing 30, indicating fear in the market. Fetch.ai recorded 8 green days out of the last 30, with a price volatility of 18.56%.
Short-Term Predictions
Tomorrow: Fetch.ai is predicted to lose 0.00% and reach a price of $1.660603.This Week: The price of Fetch.ai is forecasted to trade within a range of $1.660603 to $1.714129, with an expected increase of 3.22% to $1.714129 by July 1, 2024.Next Week: The price range prediction for Fetch.ai is between $1.714129 and $1.825672. If it reaches the upper price target, Fetch.ai could increase by 6.51% to $1.825672 by July 8, 2024.
30-Day Projection
By July 2, 2024: Fetch.ai is projected to be trading at $1.712461, representing a gain of 3.12% over the current price.
Technical Indicators
Relative Strength Index (RSI): Currently at 47.40, indicating a neutral market position.
Moving Averages and Oscillators
Simple Moving Averages (SMA) and Exponential Moving Averages (EMA): These are used to smooth price action over a specific period and are lagging indicators, meaning they are influenced by historical price activity.
Conclusion
Based on the data:
The short-term sentiment for Fetch.ai is bearish, making it currently a bad time to buy according to the technical indicators.There is a projected slight increase in the price over the next week and month.The overall market sentiment for Fetch.ai remains cautious with a neutral RSI and a fear indicator in the broader market.
Investors should consider both technical and fundamental factors before making any decisions.$FET

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Shiba Inu (SHIB) Skyrockets 2,682% in Daily Burn Rate Without Significant Price MomentumShiba Inu (SHIB) recently experienced a remarkable 2,682% increase in its daily burn rate. Despite this significant rise, SHIB's price has only seen a modest increase, currently hovering around $0.000018. Key Points Burn Rate Surge:Shibburn Data: According to hourly updates from the Shibburn X account, 18,617,208 SHIB were burned in the last 24 hours, marking a 2,682.44% increase in the daily burn rate.Price Movement:Current Price: SHIB's price has increased by only 0.49% in the last 24 hours to $0.00001813.Weekly Performance: The price remains down 12% over the past week.Market Sentiment:Cryptocurrency Market: The overall sentiment in the cryptocurrency market has been lackluster, with Bitcoin dropping to its lowest point in over a month.Influence of Major Cryptos: The performance of major cryptocurrencies like Bitcoin and Ethereum often influences the broader market. Their current volatility and downward trends make it challenging for altcoins like SHIB to gain traction. Market Analysis Current Trading Range: Shiba Inu fell to lows of $0.00001696 on June 18 and has since traded in a tight range between $0.0000173 and $0.0000188.On-Chain Data: According to IntoTheBlock, 417.19 trillion SHIB are held by 25,310 addresses at an average price of $0.000018, highlighting the significance of the $0.000018 level where SHIB currently trades. Outlook Potential for Breakout: Market speculators are closely monitoring SHIB's price for signs of a potential breakout or further consolidation.Bullish Indicators: A decisive break above the daily moving averages could suggest a bullish comeback for SHIB. Conclusion While the significant increase in SHIB's burn rate is notable, the price has not responded with a similarly substantial increase. The overall lackluster sentiment in the cryptocurrency market, driven by the performance of major assets like Bitcoin and Ethereum, continues to impact SHIB's price momentum. However, with a keen eye on market trends and potential bullish signals, investors and speculators remain watchful for any significant movements. $SHIB {spot}(SHIBUSDT) #Write2Earn!

Shiba Inu (SHIB) Skyrockets 2,682% in Daily Burn Rate Without Significant Price Momentum

Shiba Inu (SHIB) recently experienced a remarkable 2,682% increase in its daily burn rate. Despite this significant rise, SHIB's price has only seen a modest increase, currently hovering around $0.000018.
Key Points
Burn Rate Surge:Shibburn Data: According to hourly updates from the Shibburn X account, 18,617,208 SHIB were burned in the last 24 hours, marking a 2,682.44% increase in the daily burn rate.Price Movement:Current Price: SHIB's price has increased by only 0.49% in the last 24 hours to $0.00001813.Weekly Performance: The price remains down 12% over the past week.Market Sentiment:Cryptocurrency Market: The overall sentiment in the cryptocurrency market has been lackluster, with Bitcoin dropping to its lowest point in over a month.Influence of Major Cryptos: The performance of major cryptocurrencies like Bitcoin and Ethereum often influences the broader market. Their current volatility and downward trends make it challenging for altcoins like SHIB to gain traction.
Market Analysis
Current Trading Range: Shiba Inu fell to lows of $0.00001696 on June 18 and has since traded in a tight range between $0.0000173 and $0.0000188.On-Chain Data: According to IntoTheBlock, 417.19 trillion SHIB are held by 25,310 addresses at an average price of $0.000018, highlighting the significance of the $0.000018 level where SHIB currently trades.
Outlook
Potential for Breakout: Market speculators are closely monitoring SHIB's price for signs of a potential breakout or further consolidation.Bullish Indicators: A decisive break above the daily moving averages could suggest a bullish comeback for SHIB.
Conclusion
While the significant increase in SHIB's burn rate is notable, the price has not responded with a similarly substantial increase. The overall lackluster sentiment in the cryptocurrency market, driven by the performance of major assets like Bitcoin and Ethereum, continues to impact SHIB's price momentum. However, with a keen eye on market trends and potential bullish signals, investors and speculators remain watchful for any significant movements.
$SHIB

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User Loses $11 Million to Crypto Phishing Scam - How to avoid?A crypto user recently lost over $11 million worth of aEthMKR and Pendle USDe tokens due to a phishing scam, as reported by Scam Sniffer. The victim, who is a MakerDAO governance delegate according to Arkham Intelligence, fell prey to a series of fraudulent Permit signatures. This incident highlights the significant risks associated with EIP-2612, a protocol that allows for permit signatures to authorize transactions without on-chain verification. How the Scam Worked Permit Signatures:EIP-2612: This Ethereum Improvement Proposal allows users to generate authorization signatures without needing prior on-chain approval. While this can streamline transactions, it also introduces vulnerabilities.Off-Chain Authorization: These signatures can be created and used without being broadcasted to the blockchain, making it challenging to detect fraudulent activities.Phishing Attack:Fake Websites: Scammers create websites that appear legitimate to trick victims into signing permits.Deceptive Authorization: Once a victim signs a permit on these fake sites, scammers gain control over their assets without needing further on-chain interaction. Risks and Vulnerabilities Signature Risks: As highlighted by blockchain security firm SlowMist, the primary risk with permits lies in the ease with which bad actors can exploit signature authorizations. Since the transactions occur off-chain, detecting compromised signatures becomes challenging.Lack of Warnings: Some wallets do decode and display signature information, but the warnings regarding permit signature phishing are often insufficient. This gap in user protection increases the likelihood of successful phishing attempts. Recommendations To mitigate such risks, users are advised to: Verify Websites: Always ensure the legitimacy of websites before signing any permits.Understand Permissions: Carefully read and understand the permissions being granted with each signature.Use Reputable Wallets: Opt for wallets that provide detailed information and warnings about permit signatures.Stay Informed: Keep up-to-date with the latest security practices and potential vulnerabilities within the crypto space. This unfortunate event underscores the need for heightened awareness and stronger security measures to protect against sophisticated phishing scams in the cryptocurrency world.#CryptoTradingGuide

User Loses $11 Million to Crypto Phishing Scam - How to avoid?

A crypto user recently lost over $11 million worth of aEthMKR and Pendle USDe tokens due to a phishing scam, as reported by Scam Sniffer. The victim, who is a MakerDAO governance delegate according to Arkham Intelligence, fell prey to a series of fraudulent Permit signatures. This incident highlights the significant risks associated with EIP-2612, a protocol that allows for permit signatures to authorize transactions without on-chain verification.
How the Scam Worked
Permit Signatures:EIP-2612: This Ethereum Improvement Proposal allows users to generate authorization signatures without needing prior on-chain approval. While this can streamline transactions, it also introduces vulnerabilities.Off-Chain Authorization: These signatures can be created and used without being broadcasted to the blockchain, making it challenging to detect fraudulent activities.Phishing Attack:Fake Websites: Scammers create websites that appear legitimate to trick victims into signing permits.Deceptive Authorization: Once a victim signs a permit on these fake sites, scammers gain control over their assets without needing further on-chain interaction.
Risks and Vulnerabilities
Signature Risks: As highlighted by blockchain security firm SlowMist, the primary risk with permits lies in the ease with which bad actors can exploit signature authorizations. Since the transactions occur off-chain, detecting compromised signatures becomes challenging.Lack of Warnings: Some wallets do decode and display signature information, but the warnings regarding permit signature phishing are often insufficient. This gap in user protection increases the likelihood of successful phishing attempts.
Recommendations
To mitigate such risks, users are advised to:
Verify Websites: Always ensure the legitimacy of websites before signing any permits.Understand Permissions: Carefully read and understand the permissions being granted with each signature.Use Reputable Wallets: Opt for wallets that provide detailed information and warnings about permit signatures.Stay Informed: Keep up-to-date with the latest security practices and potential vulnerabilities within the crypto space.
This unfortunate event underscores the need for heightened awareness and stronger security measures to protect against sophisticated phishing scams in the cryptocurrency world.#CryptoTradingGuide
Dogwifhat (WIF) Price Prediction for Next week 2024 and 2025Dogwifhat (WIF) has shown a mixed outlook in its price movement, reflecting both bearish sentiment and indicators suggesting it may currently be oversold. Here is a detailed analysis and prediction for Dogwifhat's price for the years 2024 and 2025 based on current technical indicators and market sentiment. Current Market Overview Current Price Sentiment: BearishFear & Greed Index: 55 (Greed)Green Days: 9 out of the last 30 (30%)30-Day Price Volatility: 19.20% Short-Term Predictions Tomorrow's Prediction: (Predicted rise by 228.83%) Weekly Prediction: Price Range: $1.757909 - $2.41Change: Increase by 37.12% to reach $2.41 by July 1, 2024 Long-Term Predictions Yearly Prediction (2024): Price Range: $1.757909 - $8.33Potential Increase: 367.73% if WIF reaches the upper price target of $8.33 Yearly Prediction (2025): Price Range: $1.757909 - $8.33Potential Increase: 367.73% if WIF reaches the upper price target of $8.33 Technical Analysis Moving Averages: 50-Day SMA: $0.00 (Currently, the data suggests no change but is used to gauge intermediate trends)200-Day SMA: Not provided (used to determine long-term trends, but traders should watch for crossings above or below this average) Relative Strength Index (RSI): 14-Day RSI: 28.68 (Indicating that WIF is currently oversold) Summary Dogwifhat (WIF) presents a bearish sentiment in the short term, with the RSI indicating that the asset is oversold. This may suggest a potential buying opportunity for some investors who believe in a market correction. Despite this, the short-term predictions suggest significant price increases, which could be influenced by market volatility. In the long term, Dogwifhat holds significant potential for substantial gains by 2025, provided it reaches its upper price targets. Investors should closely monitor key technical indicators, such as the RSI and moving averages, to make informed decisions. It is also important to consider both technical factors and fundamental factors such as on-chain activity and development progress. As always, while these predictions offer a possible outlook based on historical data and technical analysis, cryptocurrency markets are highly volatile, and investors should consider these factors when making investment decisions. $WIF {spot}(WIFUSDT) #Write2Earn!

Dogwifhat (WIF) Price Prediction for Next week 2024 and 2025

Dogwifhat (WIF) has shown a mixed outlook in its price movement, reflecting both bearish sentiment and indicators suggesting it may currently be oversold. Here is a detailed analysis and prediction for Dogwifhat's price for the years 2024 and 2025 based on current technical indicators and market sentiment.
Current Market Overview
Current Price Sentiment: BearishFear & Greed Index: 55 (Greed)Green Days: 9 out of the last 30 (30%)30-Day Price Volatility: 19.20%
Short-Term Predictions
Tomorrow's Prediction:
(Predicted rise by 228.83%)
Weekly Prediction:
Price Range: $1.757909 - $2.41Change: Increase by 37.12% to reach $2.41 by July 1, 2024
Long-Term Predictions
Yearly Prediction (2024):
Price Range: $1.757909 - $8.33Potential Increase: 367.73% if WIF reaches the upper price target of $8.33
Yearly Prediction (2025):
Price Range: $1.757909 - $8.33Potential Increase: 367.73% if WIF reaches the upper price target of $8.33
Technical Analysis
Moving Averages:
50-Day SMA: $0.00 (Currently, the data suggests no change but is used to gauge intermediate trends)200-Day SMA: Not provided (used to determine long-term trends, but traders should watch for crossings above or below this average)
Relative Strength Index (RSI):
14-Day RSI: 28.68 (Indicating that WIF is currently oversold)
Summary
Dogwifhat (WIF) presents a bearish sentiment in the short term, with the RSI indicating that the asset is oversold. This may suggest a potential buying opportunity for some investors who believe in a market correction. Despite this, the short-term predictions suggest significant price increases, which could be influenced by market volatility.
In the long term, Dogwifhat holds significant potential for substantial gains by 2025, provided it reaches its upper price targets. Investors should closely monitor key technical indicators, such as the RSI and moving averages, to make informed decisions. It is also important to consider both technical factors and fundamental factors such as on-chain activity and development progress.
As always, while these predictions offer a possible outlook based on historical data and technical analysis, cryptocurrency markets are highly volatile, and investors should consider these factors when making investment decisions.
$WIF

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TRON (TRX) Price Prediction for Next week , 2024 and 2025TRON (TRX) has shown mixed signals in its recent price movement, reflecting a bullish sentiment despite short-term price predictions indicating potential declines. Here is a detailed analysis and prediction for TRON's price for the years 2024 and 2025 based on current technical indicators and market sentiment. Current Market Overview Current Price Sentiment: BullishFear & Greed Index: 55 (Greed)Green Days: 17 out of the last 30 (57%)30-Day Price Volatility: 1.74% Short-Term Predictions Tomorrow's Prediction: Price: $0.00 (Predicted drop of -2.79%) Weekly Prediction: Price Range: $0.120123 - $0.09828Change: Decrease by -18.18% to reach $0.09828 by July 1, 2024 Monthly Prediction: Price on June 30, 2024: $0.100326 (Decrease of -16.48%) Next Month's Prediction: Price by July 23, 2024: $0.00 (Decrease of -2.79%) Long-Term Predictions Yearly Prediction (2024): Price Range: $0.095201 - $0.59441Potential Increase: 395.35% if TRX reaches the upper price target of $0.59441 Yearly Prediction (2025): Price Range: $0.095201 - $0.59441Potential Increase: 395.35% if TRX reaches the upper price target of $0.59441 Technical Analysis Moving Averages: 50-Day SMA: $0.00 (Currently, the data suggests no change but is used to gauge intermediate trends)200-Day SMA: $0.00 (Used to determine long-term trends, currently indicating no change but traders should watch for crossings above or below this average) Relative Strength Index (RSI): 14-Day RSI: 59.51 (Neutral position; not overbought or oversold) Summary TRON (TRX) presents a bullish sentiment in the long term, despite some short-term bearish predictions. Technical indicators such as the RSI and moving averages suggest that while TRX might experience some fluctuations and potential short-term declines, it holds significant potential for substantial gains by 2025. Investors should pay close attention to the price movements in relation to key moving averages and RSI values to identify potential buying opportunities. Additionally, it is crucial to monitor market sentiment and technical indicators regularly, as they provide valuable insights into the market’s direction. As always, while these predictions offer a possible outlook based on historical data and technical analysis, cryptocurrency markets are highly volatile, and investors should consider these factors when making investment decisions.$TRX {spot}(TRXUSDT) #Write2Earn!

TRON (TRX) Price Prediction for Next week , 2024 and 2025

TRON (TRX) has shown mixed signals in its recent price movement, reflecting a bullish sentiment despite short-term price predictions indicating potential declines. Here is a detailed analysis and prediction for TRON's price for the years 2024 and 2025 based on current technical indicators and market sentiment.
Current Market Overview
Current Price Sentiment: BullishFear & Greed Index: 55 (Greed)Green Days: 17 out of the last 30 (57%)30-Day Price Volatility: 1.74%
Short-Term Predictions
Tomorrow's Prediction:
Price: $0.00 (Predicted drop of -2.79%)
Weekly Prediction:
Price Range: $0.120123 - $0.09828Change: Decrease by -18.18% to reach $0.09828 by July 1, 2024
Monthly Prediction:
Price on June 30, 2024: $0.100326 (Decrease of -16.48%)
Next Month's Prediction:
Price by July 23, 2024: $0.00 (Decrease of -2.79%)
Long-Term Predictions
Yearly Prediction (2024):
Price Range: $0.095201 - $0.59441Potential Increase: 395.35% if TRX reaches the upper price target of $0.59441
Yearly Prediction (2025):
Price Range: $0.095201 - $0.59441Potential Increase: 395.35% if TRX reaches the upper price target of $0.59441
Technical Analysis
Moving Averages:
50-Day SMA: $0.00 (Currently, the data suggests no change but is used to gauge intermediate trends)200-Day SMA: $0.00 (Used to determine long-term trends, currently indicating no change but traders should watch for crossings above or below this average)
Relative Strength Index (RSI):
14-Day RSI: 59.51 (Neutral position; not overbought or oversold)
Summary
TRON (TRX) presents a bullish sentiment in the long term, despite some short-term bearish predictions. Technical indicators such as the RSI and moving averages suggest that while TRX might experience some fluctuations and potential short-term declines, it holds significant potential for substantial gains by 2025.
Investors should pay close attention to the price movements in relation to key moving averages and RSI values to identify potential buying opportunities. Additionally, it is crucial to monitor market sentiment and technical indicators regularly, as they provide valuable insights into the market’s direction.
As always, while these predictions offer a possible outlook based on historical data and technical analysis, cryptocurrency markets are highly volatile, and investors should consider these factors when making investment decisions.$TRX

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Avalanche (AVAX) Price Prediction for Short Terms , 2024 and 2025$ Avalanche (AVAX) is currently experiencing a bearish sentiment, with 22 technical indicators signaling bearish signals and only 8 indicating bullish signals. Despite this, long-term predictions suggest significant potential for price growth. Here's a detailed look at the forecast: Short-Term Forecast (2024) Tomorrow's Prediction: Price: $25.17 (No change predicted) Weekly Prediction: Price Range: $25.17 - $26.52Higher Target Increase: 5.38% to reach $26.52 by June 24, 2024 Next Week's Prediction: Price Range: $26.52 - $33.82Higher Target Increase: 27.53% to reach $33.82 by July 1, 2024 Monthly Prediction: Price on June 29, 2024: $37.39 (48.57% increase) Yearly Prediction (2024): Price Range: $25.17 - $118.96Higher Target Increase: 360.99% to reach $118.96 by the end of 2024 Long-Term Forecast (2025) Yearly Prediction (2025): Price Range: $25.17 - $118.96Higher Target Increase: 360.99% to reach $118.96 by the end of 2025 Technical Analysis Overview Current Market Sentiment: Bearish: The current market sentiment is bearish.Fear & Greed Index: Neutral at 53 Technical Indicators: 200-Day SMA: Expected to rise and hit $0.00 by July 22, 2024.50-Day SMA: Estimated to hit $0.00 by July 22, 2024. RSI (Relative Strength Index): Current Value: 30.94 (Neutral, close to oversold) Moving Averages: Simple Moving Average (SMA): Used to smooth price action.Exponential Moving Average (EMA): Provides more weight to recent prices. Summary Avalanche (AVAX) is currently experiencing a bearish phase, but technical indicators and historical data suggest potential for significant price increases in the medium to long term. The AVAX price is predicted to rise to as high as $118.96 by the end of 2024 and maintain this potential growth into 2025. Investors should be aware of the current market conditions and consider both short-term volatility and long-term growth prospects when making investment decisions.$AVAX {spot}(AVAXUSDT) #Write2Earn!

Avalanche (AVAX) Price Prediction for Short Terms , 2024 and 2025

$
Avalanche (AVAX) is currently experiencing a bearish sentiment, with 22 technical indicators signaling bearish signals and only 8 indicating bullish signals. Despite this, long-term predictions suggest significant potential for price growth. Here's a detailed look at the forecast:
Short-Term Forecast (2024)
Tomorrow's Prediction:
Price: $25.17 (No change predicted)
Weekly Prediction:
Price Range: $25.17 - $26.52Higher Target Increase: 5.38% to reach $26.52 by June 24, 2024
Next Week's Prediction:
Price Range: $26.52 - $33.82Higher Target Increase: 27.53% to reach $33.82 by July 1, 2024
Monthly Prediction:
Price on June 29, 2024: $37.39 (48.57% increase)
Yearly Prediction (2024):
Price Range: $25.17 - $118.96Higher Target Increase: 360.99% to reach $118.96 by the end of 2024
Long-Term Forecast (2025)
Yearly Prediction (2025):
Price Range: $25.17 - $118.96Higher Target Increase: 360.99% to reach $118.96 by the end of 2025
Technical Analysis Overview
Current Market Sentiment:
Bearish: The current market sentiment is bearish.Fear & Greed Index: Neutral at 53
Technical Indicators:
200-Day SMA: Expected to rise and hit $0.00 by July 22, 2024.50-Day SMA: Estimated to hit $0.00 by July 22, 2024.
RSI (Relative Strength Index):
Current Value: 30.94 (Neutral, close to oversold)
Moving Averages:
Simple Moving Average (SMA): Used to smooth price action.Exponential Moving Average (EMA): Provides more weight to recent prices.
Summary
Avalanche (AVAX) is currently experiencing a bearish phase, but technical indicators and historical data suggest potential for significant price increases in the medium to long term. The AVAX price is predicted to rise to as high as $118.96 by the end of 2024 and maintain this potential growth into 2025. Investors should be aware of the current market conditions and consider both short-term volatility and long-term growth prospects when making investment decisions.$AVAX

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Best Scalping Trading Strategy for BeginnersScalping is a popular trading strategy that involves making quick trades to capture small profits within a short timeframe. This method requires precision and discipline. In this guide, I’ll share my simple yet effective scalping strategy using an energy setup to identify high-probability trading areas. Understanding Confluence Confluence is the intersection of multiple support and resistance levels, both static and dynamic. This area is significant because it represents multiple points of interest on the chart, increasing the likelihood of successful trades. Why Confluence Matters: Higher Relevance: Confluence areas are more significant to traders as they include multiple focus points.Training Your Eye: Spotting confluence might seem complicated at first, but it becomes easier with practice. Key Components of the Scalping Strategy To effectively use this scalping strategy, we need to meet three confluence conditions: Static Support and Resistance:These levels are the foundation of technical analysis.Look at recent market swings to identify static support or resistance areas.If a line includes three or more swing points, it indicates a stronger level.Dynamic Support and Resistance (200 EMA):The 200 EMA (Exponential Moving Average) serves as a dynamic level that changes with recent price action.Unlike static levels known in advance, dynamic levels adjust, providing a moving target for potential trades.Combining static and dynamic levels offers a more reliable setup.Stochastic Oscillator:This tool helps identify divergences, signaling potential market entries.A divergence occurs when the price action differs from the oscillator’s movement.Bullish Divergence: Price forms a lower low, but the stochastic forms a higher low.Bearish Divergence: Price forms a higher high, but the stochastic forms a lower high. Implementing the Scalping Strategy Step-by-Step Process: Identify Confluence Areas:Look for areas where static support/resistance intersects with the 200 EMA.Confirm with Stochastic Divergence:Ensure there’s a divergence on the stochastic oscillator at the confluence area.Execute the Trade:Enter the trade after the stochastic lines cross.Place the stop-loss order below the confluence area.Set Profit Targets:Aim for a 2:1 risk/reward ratio.Alternatively, adjust the stop-loss to break even once in profit for a risk-free trade. Example Trades: Long Trade:Identify a static support area and its confluence with the 200 EMA.Confirm with a stochastic divergence and enter the trade after the crossover.Place the stop-loss below the confluence area.Short Trade:Find a clear resistance area and its confluence with the 200 EMA.Confirm with a stochastic divergence and enter the trade after the crossover.Place the stop-loss above the confluence area. Additional Tips for Scalping Low Spreads: Only trade instruments with the lowest spreads due to the small profit margins.Disciplined Approach: Maintain a disciplined approach and keep your charts clean.Understand Price Action: Focus on reading and understanding price movements for better decision-making. Scalping in Crypto Markets While I don’t personally trade cryptocurrencies, you can backtest this strategy on a demo account to evaluate its effectiveness. Remember that low spreads are crucial for scalping, and spreads in crypto markets can vary significantly. Conclusion Scalping requires discipline, precision, and a clear strategy. By focusing on confluence areas and using tools like the 200 EMA and stochastic oscillator, you can increase your chances of making profitable trades. Keep your charts simple and your approach disciplined to succeed in scalping. If you found this guide helpful, please consider subscribing, sharing, and liking our content for more valuable insights. Until next time, happy trading!$BTC {spot}(BTCUSDT) #CryptoTradingGuide

Best Scalping Trading Strategy for Beginners

Scalping is a popular trading strategy that involves making quick trades to capture small profits within a short timeframe. This method requires precision and discipline. In this guide, I’ll share my simple yet effective scalping strategy using an energy setup to identify high-probability trading areas.
Understanding Confluence
Confluence is the intersection of multiple support and resistance levels, both static and dynamic. This area is significant because it represents multiple points of interest on the chart, increasing the likelihood of successful trades.
Why Confluence Matters:
Higher Relevance: Confluence areas are more significant to traders as they include multiple focus points.Training Your Eye: Spotting confluence might seem complicated at first, but it becomes easier with practice.
Key Components of the Scalping Strategy
To effectively use this scalping strategy, we need to meet three confluence conditions:
Static Support and Resistance:These levels are the foundation of technical analysis.Look at recent market swings to identify static support or resistance areas.If a line includes three or more swing points, it indicates a stronger level.Dynamic Support and Resistance (200 EMA):The 200 EMA (Exponential Moving Average) serves as a dynamic level that changes with recent price action.Unlike static levels known in advance, dynamic levels adjust, providing a moving target for potential trades.Combining static and dynamic levels offers a more reliable setup.Stochastic Oscillator:This tool helps identify divergences, signaling potential market entries.A divergence occurs when the price action differs from the oscillator’s movement.Bullish Divergence: Price forms a lower low, but the stochastic forms a higher low.Bearish Divergence: Price forms a higher high, but the stochastic forms a lower high.
Implementing the Scalping Strategy
Step-by-Step Process:
Identify Confluence Areas:Look for areas where static support/resistance intersects with the 200 EMA.Confirm with Stochastic Divergence:Ensure there’s a divergence on the stochastic oscillator at the confluence area.Execute the Trade:Enter the trade after the stochastic lines cross.Place the stop-loss order below the confluence area.Set Profit Targets:Aim for a 2:1 risk/reward ratio.Alternatively, adjust the stop-loss to break even once in profit for a risk-free trade.
Example Trades:
Long Trade:Identify a static support area and its confluence with the 200 EMA.Confirm with a stochastic divergence and enter the trade after the crossover.Place the stop-loss below the confluence area.Short Trade:Find a clear resistance area and its confluence with the 200 EMA.Confirm with a stochastic divergence and enter the trade after the crossover.Place the stop-loss above the confluence area.
Additional Tips for Scalping
Low Spreads: Only trade instruments with the lowest spreads due to the small profit margins.Disciplined Approach: Maintain a disciplined approach and keep your charts clean.Understand Price Action: Focus on reading and understanding price movements for better decision-making.
Scalping in Crypto Markets
While I don’t personally trade cryptocurrencies, you can backtest this strategy on a demo account to evaluate its effectiveness. Remember that low spreads are crucial for scalping, and spreads in crypto markets can vary significantly.
Conclusion
Scalping requires discipline, precision, and a clear strategy. By focusing on confluence areas and using tools like the 200 EMA and stochastic oscillator, you can increase your chances of making profitable trades. Keep your charts simple and your approach disciplined to succeed in scalping.
If you found this guide helpful, please consider subscribing, sharing, and liking our content for more valuable insights. Until next time, happy trading!$BTC

#CryptoTradingGuide
Trending Oracle Projects: Which Tokens May Surpass Chainlink (LINK)?Oracle tokens have been trending on social media recently, with Chainlink (LINK) still leading the pack. However, competition is increasing as new tokens with simpler use cases emerge. According to Dune Analytics, oracle tokens have seen a 9% return over the past six months, with an average volume of $20 million. This trend is poised to grow as the narrative shifts from other DeFi sectors to oracles, especially with the rise of tokenized real-world assets (RWA). In May, oracle tokens began to perform better compared to Bitcoin (BTC), which had dominated the narrative earlier in the year. This shift has allowed niche oracle projects to see significant gains, while Chainlink continues to grow more steadily. Chainlink is preparing for another attempt to break above the $20 mark, potentially extending the trend further. Oracle Tokens and Their Projects: Chainlink (LINK): The primary oracle provider, connecting numerous DeFi startups and the traditional financial sector. Secures 390 projects across 17 blockchains, valued at $26.4 billion.Tellor (TRB), API3, and UMA: These oracles have shown strong dollar performance. UMA focuses on securing decentralized finance (DeFi) chains, especially Polygon, Optimism, and Arbitrum.Pyth (PYTH): Despite missing the expansion in May and experiencing a network outage, Pyth secures 194 projects across 55 blockchains and competes aggressively with Chainlink.Redstone: Links services to 55 blockchains but services only 38 projects.API3: Targets developers by building tools to add oracle data to smart contracts and recently included Injective in its blockchain list. Challenges and Opportunities: While some oracle tokens lag, the sector's leaders are highly liquid and scrutinized for real usage. The overall market cap of oracle tokens has grown to over $17 billion. Future Prospects: The oracle trend is rapidly developing, with notable gains observed in a matter of days. API3's developer-focused approach and Pyth Network's strategy of connecting with niche DeFi projects are significant growth drivers. Tellor has also secured high-profile networks like ZKSync Era and projects on the BOB blockchain. Conclusion: Chainlink remains the dominant oracle token, but the rise of specialized and competitive oracles like Tellor, Pyth, and API3 suggests a dynamic future for the sector. The growth of RWAs, DeFi, DEX trading, and new Layer 2 blockchains will continue to drive demand for robust oracle solutions. $TRB {spot}(TRBUSDT) #Write2Earn! #BinanceTournament

Trending Oracle Projects: Which Tokens May Surpass Chainlink (LINK)?

Oracle tokens have been trending on social media recently, with Chainlink (LINK) still leading the pack. However, competition is increasing as new tokens with simpler use cases emerge. According to Dune Analytics, oracle tokens have seen a 9% return over the past six months, with an average volume of $20 million. This trend is poised to grow as the narrative shifts from other DeFi sectors to oracles, especially with the rise of tokenized real-world assets (RWA).
In May, oracle tokens began to perform better compared to Bitcoin (BTC), which had dominated the narrative earlier in the year. This shift has allowed niche oracle projects to see significant gains, while Chainlink continues to grow more steadily. Chainlink is preparing for another attempt to break above the $20 mark, potentially extending the trend further.
Oracle Tokens and Their Projects:
Chainlink (LINK): The primary oracle provider, connecting numerous DeFi startups and the traditional financial sector. Secures 390 projects across 17 blockchains, valued at $26.4 billion.Tellor (TRB), API3, and UMA: These oracles have shown strong dollar performance. UMA focuses on securing decentralized finance (DeFi) chains, especially Polygon, Optimism, and Arbitrum.Pyth (PYTH): Despite missing the expansion in May and experiencing a network outage, Pyth secures 194 projects across 55 blockchains and competes aggressively with Chainlink.Redstone: Links services to 55 blockchains but services only 38 projects.API3: Targets developers by building tools to add oracle data to smart contracts and recently included Injective in its blockchain list.
Challenges and Opportunities:
While some oracle tokens lag, the sector's leaders are highly liquid and scrutinized for real usage. The overall market cap of oracle tokens has grown to over $17 billion.
Future Prospects:
The oracle trend is rapidly developing, with notable gains observed in a matter of days. API3's developer-focused approach and Pyth Network's strategy of connecting with niche DeFi projects are significant growth drivers. Tellor has also secured high-profile networks like ZKSync Era and projects on the BOB blockchain.
Conclusion:
Chainlink remains the dominant oracle token, but the rise of specialized and competitive oracles like Tellor, Pyth, and API3 suggests a dynamic future for the sector. The growth of RWAs, DeFi, DEX trading, and new Layer 2 blockchains will continue to drive demand for robust oracle solutions.
$TRB

#Write2Earn! #BinanceTournament
Tellor (TRB) Price Prediction Next Week,2024, 2025Current Forecast: Short-term Prediction: The price of Tellor (TRB) is expected to decrease by -7.27%, reaching approximately $0.00 by July 21, 2024. Despite this, technical indicators show a bullish sentiment, supported by a Fear & Greed Index score of 63 (Greed). Over the past 30 days, Tellor has had 16/30 (53%) green days with a price volatility of 7.49%, suggesting it might be a good time to buy. 2025 Price Prediction: Low Estimate: $106.01High Estimate: $132.35Potential Gain: Up to 19.02% from the current price if the upper target is reached. Technical Analysis: General Sentiment (as of June 21, 2024): Bullish, with 28 indicators signaling bullish trends and only 1 indicating bearish trends.200-day Simple Moving Average (SMA): Expected to decrease to $0.00 by July 21, 2024.50-day SMA: Also expected to hit $0.00 by July 21, 2024.Relative Strength Index (RSI): Currently at 46.59, indicating a neutral market position. Short-Term Forecast: Next 30 Days: Tellor is projected to trade at $112.96 by June 28, 2024, which is a -2.80% decrease.This Week: Expected to trade between $116.21 and $117.99, with a potential 1.52% increase by June 24, 2024, if it reaches the higher target.Next Week: Forecasted to trade between $110.46 and $117.99, with a possible -6.38% decrease by July 1, 2024, if it reaches the upper price limit. In summary, while the short-term outlook for Tellor (TRB) shows a potential decline, the long-term forecast up to 2025 suggests a possible significant increase in value, making it a potentially lucrative investment if the upper price targets are met. $TRB {spot}(TRBUSDT) #Write2Earn! #CryptoTradingGuide

Tellor (TRB) Price Prediction Next Week,2024, 2025

Current Forecast:
Short-term Prediction: The price of Tellor (TRB) is expected to decrease by -7.27%, reaching approximately $0.00 by July 21, 2024. Despite this, technical indicators show a bullish sentiment, supported by a Fear & Greed Index score of 63 (Greed). Over the past 30 days, Tellor has had 16/30 (53%) green days with a price volatility of 7.49%, suggesting it might be a good time to buy.
2025 Price Prediction:
Low Estimate: $106.01High Estimate: $132.35Potential Gain: Up to 19.02% from the current price if the upper target is reached.
Technical Analysis:
General Sentiment (as of June 21, 2024): Bullish, with 28 indicators signaling bullish trends and only 1 indicating bearish trends.200-day Simple Moving Average (SMA): Expected to decrease to $0.00 by July 21, 2024.50-day SMA: Also expected to hit $0.00 by July 21, 2024.Relative Strength Index (RSI): Currently at 46.59, indicating a neutral market position.
Short-Term Forecast:
Next 30 Days: Tellor is projected to trade at $112.96 by June 28, 2024, which is a -2.80% decrease.This Week: Expected to trade between $116.21 and $117.99, with a potential 1.52% increase by June 24, 2024, if it reaches the higher target.Next Week: Forecasted to trade between $110.46 and $117.99, with a possible -6.38% decrease by July 1, 2024, if it reaches the upper price limit.
In summary, while the short-term outlook for Tellor (TRB) shows a potential decline, the long-term forecast up to 2025 suggests a possible significant increase in value, making it a potentially lucrative investment if the upper price targets are met.
$TRB

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