On a normal chart, a break out of the range usually means the price dropping or rising 'according to the direction of the breakout', but because it's crypto, you get what you call 'fake breakout'.
Yet, you find people using trendlines/indicators to plan their trades.
For me, it's all about finding out the real intentions of the market makers.
What would you do if you woke up tomorrow and found that crypto is gone? Would you go back to your normal job as you did today? Would you be able to make money easily now? would you be able to make your dreams come true now?
The Pudgy Penguin Multisig wallet, which is thought to belong to the developers of the Pudgy Penguins (PENGU) altcoin, which was launched today and started with a market value of approximately $ 2.3 billion, seems to have sold 88 million PENGU tokens according to onchain data.
In addition, some more tokens were also moved by this wallet to centralized cryptocurrency exchanges. The total amount sold seems to correspond to $ 3.5 million.
The wallet in question had access to PENGU tokens very early on. However, it is not definitive that this wallet belongs to the developers and similarly, it may belong to a market maker company.
Definitive information on the subject will come in the coming days. However, there is also activity in some wallets that are considered to be related to the PENGU project or very early investors.
According to the data, 176 million PENGU, which constitutes 20% of the total tokens held by early wallets, have been sold so far.
The value of the remaining tokens was measured at approximately $ 37.71 million.
Binance announced “Binance Alpha” a new feature in the Binance Wallet, meant towards bringing investor money to early-stage crypto projects.
The feature scheduled for a launch tomorrow, is essentially a ‘pre-listing token selection pool’ designed to make the process of choosing tokens for listing on Binance Exchange more transparent.
The goal of Binance Alpha is simply to help users discover new projects that could grow well in the Web3 arena.
The tokens to be displayed are going to be carefully selected based on what the community likes, growing interest, and matching current market trends. Although there is no promise, some of these tokens might get listed on Binance Exchange later on.
“Binance Alpha is your gateway to discovering early-stage projects shaping the future of the crypto ecosystem,” said Binance.
The launch will display five tokens on December 18, with five more coming on December 19 and December 20.
Binance hints at more news after these dates, so users should keep an eye on updates from the official Binance Wallet X account.
To make things smoother, Binance Alpha is also packed with tools that make buying tokens easy. The ‘Quick Buy’ feature in Binance Wallet allows users to easily buy tokens directly; as it automatically selects the native chain token, adjusts slippage for smoother transactions, and includes an anti-MEV mechanism to secure better prices for bigger trades.
Binance Alpha also educates and informs users of new projects. It teaches how they are used and what trends make them popular.
One reason why you will see a pump in the market tonight, is the fact that tomorrow the feds will announce 0.25% cut at least from the current fund rates.
How to Create Your Own Memecoins: A Step-by-Step Guide to Using Pump.fun
The rise of memecoins has taken the crypto world by storm, with platforms like Pump.fun leading the way.
This Solana-based memecoin generator has streamlined the process of creating and launching tokens, allowing anyone to dive into this vibrant space—even those without technical expertise.
Understanding Pump.fun Pump.fun simplifies the creation of memecoins, removing the usual complexities associated with token launches.
Traditionally, launching a token required an understanding of smart contracts and liquidity management, which could be daunting for many.
However, Pump.fun automates these processes, enabling users to mint their own tokens by simply selecting a name, symbol, and image.
Creating Your Own Memecoin If you're ready to create your own memecoin, follow these simple steps:
Step #1 : Visit Pump.fun Start by heading to the Pump.fun website and connecting your Solana wallet. This wallet will handle transactions related to your new token.
Step #2 : Initiate Your Token Creation Click on the option to "start a new coin." Here, you can choose your token name, ticker symbol, and upload an image that represents your token. Providing a description can help potential buyers understand your token's purpose and value.
Don’t forget to link your social media accounts to enhance credibility.
As the creator, you can also place your buy orders early, which can help you secure your tokens before any potential bots or snipers take action.
Step #3 : Purchase Your Memecoin Once your token is set up, you’ll reach the buy page. This interface will show the current status of your token, including its position on the bonding curve.
As more tokens are purchased, the price will increase based on supply and demand dynamics. The platform also provides vital information such as holder distribution and real-time trade activity, which can give you insights into market movements. There’s even a comments section for community engagement, allowing discussions and questions around your token. #N4G
The total cryptocurrency market cap stands at $3.78 trillion, reflecting a 1.68% increase over the past 24 hours. Bitcoin remains the dominant asset, representing 56.20% of the overall market capitalization.
Why the US will adopt bitcoin vigorously in the next 4 years at least?
U.S.A has a large deposit of 200,000 BTC lying in their pocket, and with 36 Trillion dollars as national debt, the USA could use all the money it can get it's hands on.
Embracing bitcoin will only lead to a surge in the price that could surpass 250,000$-500,000$ easily or even more than that.
I know it's a dream that can hardly be reached, but it's not impossible.
All the U.S.A has to do is to treat Bitcoin like bonds or just any asset under it's command and start trading globally using bitcoin, (N4G wrote this first on binance square) enforcing bitcoin as a payment method for it's goods, and it will attract bitcoins by the hundreds of thousands.
Now, i don't believe the U.S.A will try to acquire millions of bitcoin in it's reserve as this would be a bad move owning even 10% of the supply alone,(N4G wrote this first on binance square) they need to keep bitcoin in everyone's reach so that everyone can fight over to own bitcoin to gain access to the U.S.A markets.
But lets say the U.S.A will own 1,000,000 in those 4 years term, and if the scenario mentioned in this post occur and BTC reaches 500,000$ in 4 years.
that's 500,000,000,000 (50 Billion dollars), add to that, the amount of money that will be poured into their economy as most of the crypto industry resides in the united states, so the outcome will be more than great for them.
Start reading the news, Start looking up financial gurus, Start following yahoo finance, Watch the news daily, Read the news daily, Look up for opportunities in the right places, Try to create a scenario for the future, Start building your own ideas about the market, Learn learn learn, Read and more reading, Be vigilante about your dreams,
Soon enough you will start feeling success forming.