💡 In a recent interview, bitcoin permabull Michael Saylor, executive chairman and co-founder of MicroStrategy, proposed a hypothetical strategic bitcoin reserve trade that includes gold. 🪙
📉 "If you want to put a twist on it, dump your gold, sell all the U.S. gold, and buy bitcoin. Then the trade is free because you could buy 5 million bitcoin for the cost of the gold," Saylor stressed.
🇺🇸 He highlighted that this move would demonetize U.S. enemies and bolster the nation's reserves in one fell swoop!
🔻 $TRX /USDT Technical Analysis 🔻
The $TRX /USDT pair is currently trading at $0.2671, showing a decrease of 9.30% in price. The 24-hour high was at $0.3027, while the 24-hour low was at $0.2407. The 24-hour trading volume for TRX is at 1.52 billion TRX and 409.66 million USDT.
Based on the Bollinger Bands (20, 2) indicator, the upper band is at 0.3453, the middle band is at 0.2998, and the lower band is at 0.2543.
📊 Trading Signal:
Considering the current price movement, I predict that TRX/USDT will continue to see some downward pressure in the short term.
- Target Price: $0.2407
- Stop Loss: $0.2198
{spot}(TRXUSDT)
🚀 JPMorgan is turning up the heat on Bitcoin mining stocks! Following Q3 results and a bullish Bitcoin price, the bank upgraded Cipher Mining (CIFR) and CleanSpark (CLSK) to "overweight" with new price targets of $8 and $17, respectively. MARA Holdings (MARA) also got a boost to "neutral" with a $23 target. Meanwhile, Riot Platforms (RIOT) saw its target rise to $16, maintaining its "overweight" status. 📈
JPMorgan's fresh valuation framework considers mining operations, land, power portfolios, and hodl balances. What do you think of these moves? Share your thoughts below!
Bitcoin's rollercoaster ride continues! 🎢 Prices bounced back to over $97K after a dip, despite fears over Google's new quantum chip. Analysts quickly dismissed security concerns, leaving traders in a wait-and-see mode. Meanwhile, altcoin markets are cooling off, with funding rates normalizing, offering potential entry points for savvy bulls.
As we head into 2024, keep an eye on the dollar's strength and Chinese market moves, which could impact crypto. What are your thoughts on BTC's next move? Share below! 📈
#Bitcoin #CryptoMarket #QuantumComputing
🚀 Bitcoin's rollercoaster ride continues as it recovers to over $97,000 after a dip, amid concerns about Google's new quantum chip, Willow. Analysts quickly dismissed fears of BTC security risks, leaving traders waiting for clearer market signals.
- Altcoin traders face a shake-up as perpetual funding rates normalize, offering potential entry points for disciplined bulls.
- Banks are bullish on the dollar, potentially impacting BTC and other USD-denominated assets.
- Watch for Microsoft's shareholder meeting on Dec. 10, featuring Bitcoin discussions, and the Nasdaq-100 reconstitution on Dec. 13.
Join the conversation: What are your thoughts on quantum computing's impact on crypto? 💬
🚀 Bitcoin's rollercoaster ride continues! Prices bounced back to $97K after a brief dip. Why? Google's new quantum chip had some folks worried, but analysts say, "Chill, it's not a threat... yet!" 😅
Meanwhile, altcoin traders are getting a reality check. Funding rates are cooling off, making it a prime time for disciplined bulls to pounce. 🐂
And hey, banks are getting cozy with the dollar, which might rain on BTC's parade. But fear not, crypto warriors, the market's finding its groove! 💪
Let's chat! What's your take on the quantum hype and BTC's future? Drop your thoughts below! 💬
🚀 Crypto Clash: Ripple vs. Lightchain AI! 🚀
The blockchain world is buzzing as Lightchain AI and Ripple XRP vie for dominance. Lightchain AI is shaking things up with its AI-driven blockchain, featuring an AI Virtual Machine and Proof of Intelligence. Meanwhile, Ripple XRP continues to shine in cross-border transactions, bolstered by institutional partnerships and regulatory progress.
Price Watch:
- Lightchain AI: $0.003, predicted to rise with presale demand.
- Ripple XRP: $2.59, stable with potential gains.
Which will lead the future? Share your thoughts below! 👇
𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗦𝗲𝘁𝘂𝗽 𝗼𝗳 $GMT : 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝗙𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
$GMT is currently consolidating below resistance at $0.2020, forming a descending triangle with support at $0.1927. A breakdown below $0.1927 could lead to further downward movement, targeting the next support level at $0.1800, while a reversal above $0.2020 could signal a bullish breakout.
The GMT DAO has unveiled the BURNGMT Initiative, a significant move to burn up to 600 million GMT tokens, valued at $100 million. This action underscores the team's confidence in the project's future and aims to enhance token scarcity.
𝐖𝐡𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐁𝐔𝐑𝐍𝐆𝐌𝐓 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞?
By engaging in this initiative, participants can influence the token's future and benefit from a more robust and community-driven ecosystem. The burn includes all early advisor, team, and investor allocations that remain unlocked, ensuring a fair and transparent process.
𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐆𝐌𝐓'𝐬 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦:
@GMTDAO is integral to the FSL ecosystem, operating across four blockchains: Solana, BNB Chain, Ethereum, and Polygon.
𝐒𝐓𝐄𝐏𝐍:Users earn GMT through movement, powering in-app transactions.Gas Hero: Facilitates item trades and NFT upgrades within the game.MOOAR: Enables item trades and primary sale raffle mints with partners
𝐇𝐨𝐰 𝐃𝐨𝐞𝐬 𝐭𝐡𝐞 𝐕𝐨𝐭𝐢𝐧𝐠 𝐁𝐮𝐫𝐧 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦 𝐖𝐨𝐫𝐤?
Participants can lock their GMT tokens for a 60-day period to vote on the burn proposal. In return, they receive an exclusive soulbound NFT titled "Make GMT Great Again Red Hat," documenting their voting activity and related airdrops through embedded metadata.
#BURNGMT #MOVEOpening #BinanceListMagic Eden(ME) #BuyTheDipOrWait #BuyTheDipOrWait
🚨 SHOCKING CRYPTO COLLAPSE: $1.7B Liquidated in 24 Hours – PANIC SELLING ERUPTS! 🚨
The crypto market has been rocked by its largest single-day liquidation in recent memory, with $1.71 billion wiped out, leaving traders scrambling. ETH and DOGE holders were among the hardest hit, suffering devastating losses as prices nosedived amid a relentless sell-off.
The global cryptocurrency market cap plummeted by 4.11%, falling to $3.47 trillion. Meanwhile, trading volume surged 114.40%, skyrocketing to $352.9 billion, as panic gripped investors reacting to extreme volatility.
KEY WARNING SIGNALS
• ALTCOIN CRISIS: Market analysts warn the long-awaited altcoin rally could be dead on arrival, with sentiment turning decisively bearish and recovery prospects dimming.
• CONFIDENCE SHATTERED: Panic-driven sell-offs have eroded market trust, signaling potential for further declines, especially among altcoins.
RECORD-BREAKING LIQUIDATION
According to Coinglass, the past 24 hours have marked the highest single-period liquidation event of the current market cycle. The sheer scale of trader losses highlights the vulnerability of the market in this phase of extreme volatility.
MARKET OUTLOOK: BRACE YOURSELF
With market confidence in tatters and sentiment signaling danger, analysts caution against rushing into trades. Altcoins, in particular, may face prolonged weakness, and the overall market could remain turbulent as investors navigate this high-risk environment.
⚠️ TRADER ALERT: Stay vigilant and prioritize risk management as the market teeters on the edge of further collapse.
#BURNGMT #Write2Earn! #ETHETFsApproved #megadrop #BTC☀
$IO /USDT ALERT: Breakout Imminent – Long or Short? 🔥💯
$IO /USDT is trading at $3.446, showing consolidation near resistance at $3.55, signaling potential breakout pressure.
💡 Trade Setup:
• Long Entry: Above $3.56 with targets at $3.68, $3.80, and $4.00. Stop loss: $3.45.
• Short Entry: Below $3.40, aiming for $3.20, $3.05, and $2.80. Stop loss: $3.50.
⚠️ Market Direction:
The chart shows a bullish rebound from recent lows, but failure to break $3.55 could lead to rejection and bearish retracement. Watch for volume spikes to confirm moves.
{spot}(IOUSDT)
#MicroStrategyAcquiresBTC #BuyTheDipOrWait #MarketCorrection #BinanceListMagic Eden(ME) #AltSeasonBoom?
In just a few days, $USUAL will officially debut on Binance, and the excitement in the community is palpable. Analyzing the strong market sentiment over the past two days, there’s a high probability—close to 90%—that the price could surpass $1 during the pre-market trading phase.
If this milestone is achieved, we can expect some price volatility once official trading begins. It’s natural for a pullback to occur as some traders lock in early gains. However, after this phase of consolidation and profit-taking, the price is likely to resume its upward trajectory.
Price Expectations
Based on current trends and market dynamics, my initial price target for $USUAL is $2.80 shortly after listing. However, if positive sentiment gains further momentum, the token could potentially peak around $4.50 within the first three days of trading.
Why This Listing Matters
This moment is the culmination of months of anticipation and strategic planning. For those who have held their positions, the upcoming trading window could unlock significant opportunities for profit.
Remember, the market thrives on strong sentiment and momentum. As the USUAL listing approaches, the potential for growth looks highly promising, particularly for those who carefully manage their positions.
Final Thoughts:
This is a pivotal moment for $USUAL holders. Congratulations to everyone who stayed patient through the buildup—success is just around the corner! May this listing mark the start of a prosperous journey for all involved. Always trade responsibly and seize the opportunities ahead.
#USUALonLaunchpool #UsualToken #BURNGMT #MarketCorrection
🆘 What happened in Crypto in the last 12h? 🆘
• $BTC - Bitcoin took a big dip, touching 94K, but recovered to return to 97K. Bitcoin dominance is rebounding with relative altcoin weakness.
• MicroStrategy purchased an additional 21,550 BTC (~$2.1B) at an average price of $98,783 per $BTC.
• OpenAI has released SORA. It is available at no additional cost to ChatGPT Plus and Pro subscribers.
• $MOVE - Movement has been listed on all 1Tier CEXes including Binance since TGE and has had a successful launch. $MOVE is currently trading at FDV 7.5B
• $BAL - Balancer has announced that Balancer V3 will be available on December 11th.
• $AVAX - Avalanche has announced on its X channel that there will be a big upgrade next week. It looks like the Avalanche9000 mainnet upgrade, previously announced for December 16, will happen.
• $ACT - Act I: The AI Prophecy unveiled the Act Swap protocol for AI agent prompts. This appears to be coming soon.
• #fuel_network posted a tweet that seemed to hint at a launch tomorrow. The community is looking forward to TGE.
• $ZKJ - Polyhedra Network has announced their latest roadmap: their Layer 1 network EXPchain testnet is scheduled to launch in Dec 2024, with the mainnet planned for Feb 2025.
$CVX /USDT Analysis:
{spot}(CVXUSDT)
CVX is currently trading at $6.430, up 6.97% in the last 24 hours, following a recent high of $6.801. The 15-minute chart shows the price holding near the MA(25) at $6.458 and finding support close to the MA(99) at $6.066, suggesting a potential consolidation before another move. If the price rebounds above $6.596, it could retest $6.801 and aim for $6.900 in the short term. However, a break below $6.066 might signal further downside toward $5.900. Watch for increased volume for confirmation of the next directional move.
#CVX #CryptoAnalysis #TradingSignals #Write2Earn #Share1BNBDaily
Dogecoin, WIF and other memecoins crash hardest amid $1.7B crypto liquidations
Memecoins underperform the wider crypto market after double-digit daily losses surpass the sell-off in BTC and ETH.
Memecoins like Dogecoin DOGE $0.4127, Shiba Inu SHIB $0.00002726 and Dogwifhat WIF $2.97 were among the worst-performing cryptocurrencies on Dec.
10, wiping out a significant part of the gains made during the Donald Trump-fueled rally a few weeks ago.
Memecoin market cap takes a hit
The latest drop in memecoin prices has seen the total market capitalization of the sector shrink to reach a three-week low of $119.6 billion as of Dec. 10.
The last time the memecoin market cap was below $120 billion was on Nov. 27 when it rested at $118 billion.
The aggregate market value of cryptocurrencies in this sector is down 21% over the last 24 hours.
The total daily trading volume across the memecoin sector has nearly doubled over the same period, indicating the intensity of the selling pressure over the past 24 hours.
Dogecoin, the largest memecoin by market capitalization, led the losses, dropping 5.6% over the last 24 hours.
DOGE’s rival SHIB was down as well, recording 10.4% daily losses, while Ethereum-based Pepe PEPE $0.00002536 was the only top-cap memecoin posting gains, up 1.7%.
Memecoins OI drops sharply
The drop in memecoins on Dec. 10 was preceded by a decrease in open interest (OI), with Pnut (PNUT) leading the retreat with a 30% decline in OI over the last 24 hours.
Open interest refers to the total amount of pending derivative contracts that have not yet been settled. In a futures contract, for every seller, a buyer is required to settle the contract.
DOGE saw its IO drop by over 20% on the day to $3.1 billion, nearly six times WIF’s $519 million in OI, which had decreased by 27% over the same period. PEPE’s OI was standing at $302.4 million, down approximately 11%.
More details see in Article...
#Dogecoin #WIF #Memecoins #Cryptocurrencies #CryptoNews
Eric Trump, executive VP of the Trump Organization, recently made waves at the Bitcoin MENA event in Abu Dhabi by predicting Bitcoin will eventually reach $1 million. He praised Bitcoin as a "financial paradigm" and a "global asset," emphasizing its potential to transform the global economy. Trump highlighted Bitcoin's role as a hedge against inflation and political instability, citing its decentralized nature and limited supply of 21 million coins. Comparing Bitcoin's adoption to the slow rise of email, he urged early adoption, predicting that governments and banks will need to adapt to this digital revolution.