10 Reasons Why I’m Bullish on $CAKE for the Next Bull Market:
1. Strong management team—$CAKE is Binance’s golden child. With CZ stepping away from CEX operations, DEXs might become his new playground.
2. CZ is ambitious and doesn’t walk away easily. He’s not the type to retire quietly like Li Lin. His move abroad hints that he still has big plans.
3. CZ and Justin Sun are cut from the same cloth—ambitious leaders who won’t sit still. With CZ out of Binance’s CEX, there’s a good chance he’ll get involved with $CAKE. Meanwhile, figures like Li Lin and Bao Er Ye have settled for a quiet life, enjoying their wealth.
4. $CAKE already has a significant market cap and leads the DEX scene. Its high popularity and activity levels suggest strong momentum.
5. Future potential is huge—$CAKE hit $42 at its peak in the last bull run. Today, it’s trading under $2, giving it a 20x upside.
6. Current accumulation levels are aligned with institutional buyers. We’re building positions at the same prices as the whales.
7. Watch for spikes in volume during quiet markets. Retail isn’t buying in low-volume markets—that’s when institutions accumulate. With $CAKE’s team committed to the project, and a market cap hovering around $500M, the upside is massive.
8. It’s heavily undervalued—with the potential to hit $5B-$10B in future bull cycles, and possibly $50B-$100B long term.
9. The key player is still unknown—it could be Binance whales or CZ himself. Either way, it’s clear big money is involved.
10. Massive bullish candle just broke through resistance recently—a one-stick-three-breakout, indicating strong upward momentum.
Don’t sleep on $CAKE —this one is primed to explode in the next bull run!
🔥 Ripple Swell 2024: Key Insights and Potential XRP Price Movement
Ripple Swell 2024 was a huge success, bringing together some of the most respected crypto industry leaders, politicians, and decision makers to discuss XRP and cryptocurrencies in general.
Major events have historically caused XRP prices to rise, and while the cryptocurrency has not risen this week, analysts expect it to rise and reach new local highs this month.
#XRP #Ripple
{spot}(XRPUSDT)
🚀🚀 𝗠𝗔𝗥𝗞𝗘𝗧 𝗠𝗢𝗩𝗘𝗥𝗦 🚀🚀
$FLOKI , $LUNA and $DOGE are all feeling the pressure from shifting market trends! 📊 Recent analysis reveals how these cryptocurrencies are reacting to changing investor sentiments and external market influences. Floki's strong community engagement and meme appeal are driving its interest, while Terra Luna grapples with its recovery path after past controversies. Meanwhile, Dogecoin continues to thrive on its dedicated fanbase, even amid market volatility.
As these dynamics unfold, the question remains: will these tokens find their footing or continue to face challenges? 🤔
Source: Coin Turk by Fatih Uçar
pSTAKE introduces yield-optimized Bitcoin LST on Babylon
#pSTAKE launches yield-optimized #Bitcoin LST $YBTC on #Babylon. $YBTC is a yield-enhanced liquid staked token that generates yields via native BTC staking, restaking, and liquidity farming across various #DeFi ecosystems. $YBTC focuses on yield opportunities, interoperability and minimizing risks.
pSTAKE is a Bitcoin Yield and liquid staking protocol. The project is backed by Binance Labs, Coinbase Ventures, The Spartan Group, Sequoia Capital and others.
👉 x.com/pStakeFinance/status/1846944134965129220
**Crypto News Flash: Trump Token Tumbles, Ethereum Centralization Concerns, and More!**
- **Trump's Token Flop**: Despite the hype, Donald Trump's World Liberty Financial (WLFI) token launch didn't quite hit the mark. With only $12.7 million in sales, a whopping $287 million worth of tokens remain unsold. Oops! 🚀
- **Ethereum Centralization Woes**: Investors are raising eyebrows as two block builders, Beaverbuild and Titan Builder, produced 88.7% of Ethereum blocks in early October. Centralization much?
- **DeFi Market**: Memecoin Cat in a Dog’s World (MEW) leads the pack, up 51%, followed by Ethena’s Ena (ENA) token, up 40%. DeFi is still wagging its tail strong!
Stay tuned for more crypto capers next week!
🚀 **Crypto Chronicles: Trump Token Stumbles, Ethereum Centralization Woes & More!** 🚀
- **Trump's Token Tumble:** Despite the hype, Trump's World Liberty Financial (WLFI) token launch was more of a fizzle than a bang. Only $12.7M worth of tokens sold, leaving a whopping $287M unsold. Ouch! 😅
- **Ethereum Centralization Concerns:** Two block builders, Beaverbuild and Titan Builder, produced 88.7% of Ethereum's mainnet blocks in early October. Centralization much? 🤔
- **Ledger Phishing Alert:** Beware! Scammers are targeting Ledger users with fake "Clear Signing" emails. Stay vigilant and don't click suspicious links!
Dive into the comments and share your thoughts! 💬
🚀 BlackRock's BUIDL Token Set to Shake Up Crypto Derivatives Trading! 🚀
- BlackRock is reportedly pushing its BUIDL token to be used as collateral in crypto derivatives trading, aiming to integrate with major exchanges like Binance, OKX, and Deribit.
- The move could challenge stablecoins like Tether's USdT, currently dominating the collateral scene.
- With crypto derivatives making up over 70% of September's trading volume, this could be a game-changer!
- BUIDL is already accepted by FalconX and Hidden Road, and has a market cap of $547.7M.
- Stay tuned as the CFTC considers allowing digital assets as collateral in traditional markets by year-end!
#CryptoNews #Blockchain #BUIDL
**Crypto News Flash:**
**Trump Token Flops**
- Former President Donald Trump’s World Liberty Financial (WLFI) token launch fell short of expectations.
- Only $12.7 million worth of tokens sold on the first day, leaving $287 million unsold.
**Ethereum Centralization Concerns**
- Two block builders, Beaverbuild and Titan Builder, produced 88.7% of Ethereum blocks in early October.
- This raises worries about centralization on the Ethereum network.
**Ledger Phishing Scam**
- Ledger users targeted by phishing emails urging them to activate a fake security feature.
- Emails direct users to a malicious link, posing a significant security risk.
**Pump-and-Dump Allegations**
- Fracture Labs sues Jump Trading, alleging a pump-and-dump scheme with its DIO gaming token.
- Jump Trading accused of profiting millions by manipulating token prices.
**SUI Insider Selling Claims**
- Sui token’s 120% rally sparks allegations of insider selling.
- Wallets linked to the SUI ICO reportedly sold over $400 million worth of tokens during the rally.
Stay tuned for more updates in the dynamic world of cryptocurrency!
**News Flash: BlackRock Eyes Crypto Derivatives Market with Digital Token**
BlackRock is making waves in the crypto world! The asset management giant is reportedly pushing its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) token to be used as collateral in cryptocurrency derivatives trading. Talks are underway with major crypto exchanges like Binance, OKX, and Deribit, with brokerage firm Securitize also in the mix.
This move aims to expand BUIDL's role, competing with stablecoins like Tether's USDT, which are commonly used as collateral. Notably, crypto derivatives accounted for over 70% of the total trading volume in September, hitting about $3 trillion.
BUIDL is already accepted by top crypto brokers FalconX and Hidden Road and has a market cap of $547.7 million. The token is primarily backed by US Treasurys and other liquid assets, and it's available only to qualified institutional investors.
In a related development, a CFTC subcommittee recently voted to recommend allowing digital assets as collateral for commodities and derivatives trading, potentially opening the door for tokens like BUIDL to be used in traditional markets.
Stay tuned as BlackRock continues to bridge the gap between traditional finance and the crypto world!
📊SKL/USDT Chart Analysis and prediction 📈
Bollinger Bands (BB) Indicator
• The current price of SKL/USDT is $0.04134, which is above the upper Bollinger Band at $0.04036, indicating overbought conditions. This suggests that a pullback might occur soon as the price has gone beyond normal volatility.
Relative Strength Index (RSI) Analysis ⚖️
• RSI(6) is sitting at 81.74, signaling that the market is in an overbought zone, suggesting the potential for a short-term correction.
• RSI(12) at 70.23 and RSI(24) at 62.79 indicate further confirmation that the price is getting heated, with a risk of selling pressure soon.
MACD Indicator 📊
• The MACD shows very low readings with DIF at 0.00045 and DEA at 0.00017, with a slight positive divergence. However, the MACD of 0.00027 shows weak momentum, and a pullback could happen before any strong bullish continuation.
👨⚕️Doc’s Prediction 🔮
• If the uptrend holds, the next resistance is at $0.04899, which is the high reached previously.
• On the downside, $0.03479 acts as key support. A reversal here might attract buyers back in the market.
• The SKL/USDT pair is currently overbought and could see a short-term correction soon, especially given the high RSI and price exceeding the Bollinger Band. However, if momentum continues, there could be a bullish rally toward $0.048.
$SKL
{spot}(SKLUSDT)
#MemeCoinTrending #USRetailSalesBoost #SCRSpotTradingOnBinance #BNBRisesTo600 #TeslaTransferBTC
Flokitars: A Key NFT in the Floki Ecosystem
Launched in 2021, #Flokitars are a notable part of the #Floki ecosystem, selling out in just 31 minutes and raising $1.4 million for the Million Gardens Movement, a philanthropic initiative led by Kimbal Musk.
With #Valhalla, #Floki’s highly anticipated PlayToEarn MMORPG launching on the mainnet in November, Flokitars are set to play an exciting role. As more information circulates through various leaks, the in-game utility of Flokitars is becoming clearer. When a Flokitar is used in-game, it can be burned to "free" the Flokitar within the world of Valhalla, rewarding players in several ways:
- Very Rare Consumables: These include rare amulets and other consumables that are highly prized in the game;
- Viking Effect Unlocks: These unique effects are available to all testers now but can be permanently unlocked when Flokitars are used;
- Helmitars: Exclusive helmets/wearables like the Helmitar, one of many rare in-game items tied to Flokitars.
Additionally, Flokitars feature an aggressive deflationary mechanism. When used in-game, they are burned, leading to a permanent reduction in their circulating supply. This innovative use of NFTs highlights how Floki is uniquely integrating them into the gaming experience, making Flokitars a noteworthy part of the $FLOKI ecosystem.
Flokitars can be found on various marketplaces, including Blur, where collectors and gamers can explore the available listings.
💥💥 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗽𝗿𝗼𝗳𝗶𝘁𝘀 𝗶𝗻𝘁𝗼 𝘁𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗯𝗮𝗻𝗸𝗶𝗻𝗴 𝘀𝘆𝘀𝘁𝗲𝗺𝘀 💥💥
1. Caution with Crypto-to-Bank Transfers: Directly transferring crypto profits to domestic banks may trigger red flags or legal issues. Safe, compliant methods exist to avoid this.
2. Method 1: BiyaPay Wallet
Move USDT into BiyaPay (U.S.-licensed) and convert to USD.
Transfer funds to Wise or OCBC for transparency and traceability.
Wise has annual caps for transfers to banks like Taobao and Zhongg.
OCBC 360 allows more flexibility with withdrawals in China, bypassing the $40,000 limit.
3. Method 2: Kraken Exchange
Cash out USDT via Kraken (regulated exchange) and transfer to British banks like iFAST.
Fully compliant, but includes handling fees and exchange rate losses.
4. Important Considerations:
Consulting a legal expert is recommended to ensure compliance with local laws.
These methods ensure secure, legal transfer of crypto profits to traditional banks, though some costs may apply.
#MemeCoinTrending #BNBRisesTo600
#TeslaTransferBTC #BTCSoarsTo68K #BinanceLabsInvestsLombard