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🚀 Exciting News for Notcoin (NOT) Holders! 🌟
Notcoin has just burned 210 million NOT tokens ($3 million), signaling a bullish outlook for its ecosystem! This move makes Notcoin even more community-oriented, with 94.18% of tokens held by 11.5 million people across traders, miners, and stakers. Only 5.82% remains in the treasury for development.
Moreover, $4.2 million worth of Notcoin will be awarded to Gold and Platinum users of Notcoin Explore, driving demand and enhancing user engagement. This initiative underscores Notcoin's active user base of 40 million, poised to benefit from project incentives.
From a technical analysis standpoint, experts predict a bullish breakout for Notcoin, potentially reaching up to $0.038, surpassing its previous ATH of $0.028.
📈 With these developments, Notcoin continues to strengthen its position in the crypto market. Stay tuned for more updates on this promising project!
#Notcoin👀🔥 #CryptoNews🔒📰🚫 #TokenBurn #NOT🔥🔥🔥 #Notcion
Notcoin has just burned 210 million NOT tokens ($3 million), signaling a bullish outlook for its ecosystem! This move makes Notcoin even more community-oriented, with 94.18% of tokens held by 11.5 million people across traders, miners, and stakers. Only 5.82% remains in the treasury for development.
Moreover, $4.2 million worth of Notcoin will be awarded to Gold and Platinum users of Notcoin Explore, driving demand and enhancing user engagement. This initiative underscores Notcoin's active user base of 40 million, poised to benefit from project incentives.
From a technical analysis standpoint, experts predict a bullish breakout for Notcoin, potentially reaching up to $0.038, surpassing its previous ATH of $0.028.
📈 With these developments, Notcoin continues to strengthen its position in the crypto market. Stay tuned for more updates on this promising project!
#Notcoin👀🔥 #CryptoNews🔒📰🚫 #TokenBurn #NOT🔥🔥🔥 #Notcion
🔥🔥🔥 $7,000 Price Claim for Ethereum ($ETH ): Experts Discuss
The launch of Ethereum spot ETFs appears imminent, with industry insiders suggesting a potential rollout before July 4th. Following VankEck's form 8-A filing, Bloomberg Intelligence analyst Eric Balchunas sees this as a positive indicator for a launch around July 2nd.
Lekker Capital's Quinn Thompson views the current bearish sentiment among crypto investors as potentially setting the stage for bullish developments. Thompson predicts a period of calm as sellers exhaust their positions, followed by a significant market realization. He anticipates a potential catalyst from positive flows into spot #ETHETFS at launch or competitive fee offerings among ETF issuers. Thompson boldly forecasts Ethereum reaching $7,000 and Bitcoin aiming for its first attempt at $100,000 by the November elections.
Bitwise's Matt Hougan projects Ethereum ETFs could attract $15 billion in net flows within their first 18 months, drawing insights from established crypto ETF markets in Europe and Canada. While this figure is lower than the $56 billion in US #BitcoinETF investments, Hougan sees it as a notable milestone. However, he warns of initial net outflows as investors transition from Grayscale's Ethereum Trust.
QCP in Singapore looks to the potential Bitcoin ETF launch for market indicators, suggesting a possible 60% rally post-launch, which could position Ethereum around $5,430 in subsequent months.
Joe Lubin, Ethereum co-founder, anticipates increased ETH demand post-ETF approval, foreseeing supply constraints driving higher prices. Bernstein analysts project spot Ethereum ETFs could boost ETH prices by 75% to $6,600, drawing parallels with Bitcoin ETFs' impact on market dynamics.
*This information is provided for informational purposes and does not constitute investment advice.
Source - en.bitcoinsistemi.com
#CryptoMarket #BinanceSquareAnalysis #CryptoNews🔒📰🚫
The launch of Ethereum spot ETFs appears imminent, with industry insiders suggesting a potential rollout before July 4th. Following VankEck's form 8-A filing, Bloomberg Intelligence analyst Eric Balchunas sees this as a positive indicator for a launch around July 2nd.
Lekker Capital's Quinn Thompson views the current bearish sentiment among crypto investors as potentially setting the stage for bullish developments. Thompson predicts a period of calm as sellers exhaust their positions, followed by a significant market realization. He anticipates a potential catalyst from positive flows into spot #ETHETFS at launch or competitive fee offerings among ETF issuers. Thompson boldly forecasts Ethereum reaching $7,000 and Bitcoin aiming for its first attempt at $100,000 by the November elections.
Bitwise's Matt Hougan projects Ethereum ETFs could attract $15 billion in net flows within their first 18 months, drawing insights from established crypto ETF markets in Europe and Canada. While this figure is lower than the $56 billion in US #BitcoinETF investments, Hougan sees it as a notable milestone. However, he warns of initial net outflows as investors transition from Grayscale's Ethereum Trust.
QCP in Singapore looks to the potential Bitcoin ETF launch for market indicators, suggesting a possible 60% rally post-launch, which could position Ethereum around $5,430 in subsequent months.
Joe Lubin, Ethereum co-founder, anticipates increased ETH demand post-ETF approval, foreseeing supply constraints driving higher prices. Bernstein analysts project spot Ethereum ETFs could boost ETH prices by 75% to $6,600, drawing parallels with Bitcoin ETFs' impact on market dynamics.
*This information is provided for informational purposes and does not constitute investment advice.
Source - en.bitcoinsistemi.com
#CryptoMarket #BinanceSquareAnalysis #CryptoNews🔒📰🚫
👉👉👉 Trader #JasonPizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year
A well-regarded analyst predicts that altcoins demonstrating relative strength during the recent crypto downturn will be the first to reach new highs this year.
Jason Pizzino, addressing his 108,800 followers on X, states that he is monitoring altcoins displaying bullish higher low setups.
“Strong #Altcoins👀🚀 continue to hold their higher lows. If they maintain these levels, they will be the first to break out into new, fresh highs and/or all-time highs in the second half of 2024.”
In a recent video update, Pizzino shared a list of altcoins that are performing better amid the market correction, highlighting two in particular.
“I’ve got some stronger stuff… #Solana is definitely one of those… Pendle is also holding above its 50% retracement level, showing a reasonable weekly close above $5.60.”
Pizzino suggests that the current decline in altcoin prices provides a prime opportunity for long-term investors to accumulate promising projects in anticipation of a rally later this year. He emphasizes that although deep drawdowns have occurred in the past, resilient altcoins typically experience substantial gains once market conditions improve.
“It’s happened before. We got there in the end. Solana, I think, is a great one. If you don’t believe, look back at some of these charts that dropped 80% over four to six months… and then see how they have surged since then. And that surge can last quite a while.”
Source - cointelegraph.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
A well-regarded analyst predicts that altcoins demonstrating relative strength during the recent crypto downturn will be the first to reach new highs this year.
Jason Pizzino, addressing his 108,800 followers on X, states that he is monitoring altcoins displaying bullish higher low setups.
“Strong #Altcoins👀🚀 continue to hold their higher lows. If they maintain these levels, they will be the first to break out into new, fresh highs and/or all-time highs in the second half of 2024.”
In a recent video update, Pizzino shared a list of altcoins that are performing better amid the market correction, highlighting two in particular.
“I’ve got some stronger stuff… #Solana is definitely one of those… Pendle is also holding above its 50% retracement level, showing a reasonable weekly close above $5.60.”
Pizzino suggests that the current decline in altcoin prices provides a prime opportunity for long-term investors to accumulate promising projects in anticipation of a rally later this year. He emphasizes that although deep drawdowns have occurred in the past, resilient altcoins typically experience substantial gains once market conditions improve.
“It’s happened before. We got there in the end. Solana, I think, is a great one. If you don’t believe, look back at some of these charts that dropped 80% over four to six months… and then see how they have surged since then. And that surge can last quite a while.”
Source - cointelegraph.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
👉👉👉 What is zero-knowledge proofs? Understanding our digital shields
Zero-Knowledge Proofs (ZKPs) are pivotal in safeguarding online identities, particularly within Web3, using cryptographic protocols to verify statements without divulging sensitive data. Originating from the 1980s, ZKPs by Goldwasser, Micali, and Rackoff underpin digital privacy in transactions and communications, extending into physical asset verification.
In Web3, ZKPs uphold privacy in financial transactions by proving asset ownership without exposing full financial histories. They also secure identity verification across multiple chains, mitigating identity theft risks.
In physical transactions like real estate or art, ZKPs authenticate ownership or attributes without disclosing personal details, enhancing trust and privacy. They also benefit healthcare by protecting sensitive information, such as verifying student disabilities while preserving privacy.
ZKPs empower Web3 projects by enabling fair voting and token distribution without revealing identities, fostering democratic processes and preventing fraud.
As ZKPs gain adoption across industries, they promise to fortify digital interactions against data breaches and identity theft, becoming essential in the Web3 ecosystem.
Source - cryptobriefing.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks #Web3
Zero-Knowledge Proofs (ZKPs) are pivotal in safeguarding online identities, particularly within Web3, using cryptographic protocols to verify statements without divulging sensitive data. Originating from the 1980s, ZKPs by Goldwasser, Micali, and Rackoff underpin digital privacy in transactions and communications, extending into physical asset verification.
In Web3, ZKPs uphold privacy in financial transactions by proving asset ownership without exposing full financial histories. They also secure identity verification across multiple chains, mitigating identity theft risks.
In physical transactions like real estate or art, ZKPs authenticate ownership or attributes without disclosing personal details, enhancing trust and privacy. They also benefit healthcare by protecting sensitive information, such as verifying student disabilities while preserving privacy.
ZKPs empower Web3 projects by enabling fair voting and token distribution without revealing identities, fostering democratic processes and preventing fraud.
As ZKPs gain adoption across industries, they promise to fortify digital interactions against data breaches and identity theft, becoming essential in the Web3 ecosystem.
Source - cryptobriefing.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks #Web3
"TerraClassicUSD (USTC) Rockets Up by 301%, Setting the Stage for a Historic Climb to $1"
TerraClassicUSD (USTC), the algorithmic stablecoin of the Terra ecosystem, has soared 301% amid a confluence of bullish fundamentals.
Read more on: https://thecryptobasic.com/2023/11/27/terraclassicusd-ustc-goes-parabolic-with-301-surge-road-to-1-ahead/
#Terra.Classic #TerraClassicUSD #LUNC #LUNC/USTC #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/27/terraclassicusd-ustc-goes-parabolic-with-301-surge-road-to-1-ahead/
#Terra.Classic #TerraClassicUSD #LUNC #LUNC/USTC #CryptoNews🔒📰🚫
👉👉👉 #tether CEO Paolo Ardoino Reveals His Next Big Project
Tether (USDT) CEO Paolo Ardoino has revealed that the company is gearing up to unveil its tokenization platform to the public.
Ardoino made the announcement via its official X account, hailing the platform as a "masterpiece" poised to redefine the #Tokenization landscape with its innovative features. Notably, the platform will operate on a non-custodial basis, granting users complete control over their assets.
In line with its vision, the platform is designed to support a diverse array of chains and #asset types, catering to a broad spectrum of user requirements. From traditional assets like bonds, stocks, and funds to unconventional items like coffee shop reward points, users will have the flexibility to tokenize virtually anything.
A key highlight of the platform, as highlighted by Ardoino, is its extensive customization options. Users will have the ability to tailor their experience to suit their specific preferences, ensuring a truly user-centric platform.
Ardoino emphasized that the platform will embody the technical prowess of Tether's technology, which underpins USDT, a digital asset with a market capitalization exceeding $107 billion.
(Note: This is not investment advice.)
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Tether (USDT) CEO Paolo Ardoino has revealed that the company is gearing up to unveil its tokenization platform to the public.
Ardoino made the announcement via its official X account, hailing the platform as a "masterpiece" poised to redefine the #Tokenization landscape with its innovative features. Notably, the platform will operate on a non-custodial basis, granting users complete control over their assets.
In line with its vision, the platform is designed to support a diverse array of chains and #asset types, catering to a broad spectrum of user requirements. From traditional assets like bonds, stocks, and funds to unconventional items like coffee shop reward points, users will have the flexibility to tokenize virtually anything.
A key highlight of the platform, as highlighted by Ardoino, is its extensive customization options. Users will have the ability to tailor their experience to suit their specific preferences, ensuring a truly user-centric platform.
Ardoino emphasized that the platform will embody the technical prowess of Tether's technology, which underpins USDT, a digital asset with a market capitalization exceeding $107 billion.
(Note: This is not investment advice.)
#CryptoNews🔒📰🚫 #BinanceSquareTalks
**Starknet Foundation's Token Distribution Plan** 💼: The Ethereum layer 2 network Starknet (STRK) Foundation is gearing up to distribute 1.8 billion tokens as rewards and transaction rebates. Key details are still in coordination. Here's the breakdown:
- Provisions Committee: 900 million STRK for user compensation.
- Second Committee: 900 million STRK to cover transaction fees for network users.
- Third DeFi Committee: $50 million to stimulate DeFi protocol activity.
The foundation had previously announced issuing 10 billion STRK tokens, with 50% retained by the foundation and the rest allocated to core developers, ecosystem contributors, and the community. 🚀🌐 #CryptoNews🔒📰🚫
- Provisions Committee: 900 million STRK for user compensation.
- Second Committee: 900 million STRK to cover transaction fees for network users.
- Third DeFi Committee: $50 million to stimulate DeFi protocol activity.
The foundation had previously announced issuing 10 billion STRK tokens, with 50% retained by the foundation and the rest allocated to core developers, ecosystem contributors, and the community. 🚀🌐 #CryptoNews🔒📰🚫
BITCOIN BULLRUN ACTIVATED
BULLRUN KEY FACTORS
Wow...44.3k reached! That's pretty amazing and it's marking the real bullrun season start!
The most amazing bullrun factor is Qatar sovereign Weath Fund
The $500 billion investment, if realized, could have profound implications for the cryptocurrency market. Potentially boosting Bitcoin’s value and cementing its status as a mainstream investment option. This move by QSWF also reflects a growing trend of institutional investors diversifying their portfolios by allocating funds to digital assets. Recognizing the potential for high returns and long-term value.
More About Qatar’s Sovereign Wealth Fund
Qatar’s Sovereign Wealth Fund (QSWF) is known for its meticulous and strategic investment decisions. It often focuses on assets with long-term growth potential. By entering the Bitcoin market, QSWF is making a bold statement about its confidence in the longevity and resilience of digital currencies. This move could also catalyze other sovereign wealth funds and institutional investors to explore opportunities within the cryptocurrency space.
1. Institutional Adoption: The increasing adoption of Bitcoin by institutional investors, such as hedge funds, asset managers, and publicly traded corporations, has significantly boosted its credibility and legitimacy. These large-scale investments attract more attention from the mainstream financial industry, further solidifying Bitcoin's position as a legitimate asset class.
2. Global Macroeconomic Factors: Bitcoin is increasingly viewed as a safe haven asset, similar to physical gold. During periods of global economic uncertainty, investors seek out assets that can protect their wealth from inflation and market volatility. Bitcoin's limited supply and decentralized nature make it an attractive option during such times.
3. Regulatory Developments: Positive regulatory developments could also fuel a Bitcoin bull run. The United States Securities and Exchange Commission (SEC) is currently reviewing several applications for Bitcoin ETFs, which could provide easier access to Bitcoin for retail investors and further legitimize the cryptocurrency.
4. Technological Advancements: Ongoing technological advancements in the Bitcoin ecosystem, such as the Lightning Network, could improve the scalability and usability of Bitcoin, making it more attractive to mainstream users.
5. Increased Adoption by Businesses: Businesses increasingly recognize the potential benefits of integrating Bitcoin into their operations. This includes accepting Bitcoin as a payment method, using it for remittances, or utilizing blockchain technology for various use cases.
6. Media Attention and Social Media Buzz: Positive media coverage and increased social media buzz surrounding Bitcoin can attract new investors and generate excitement in the market, potentially fueling a bull run.
7. The Next Halving Event: The Bitcoin halving, a scheduled event that reduces the reward for mining new blocks by half, is expected to occur in 2024. This event has historically preceded periods of strong price appreciation for Bitcoin.
8. Overall Market Conditions: The overall health of the cryptocurrency market could play a significant role in determining whether or not Bitcoin experiences a bull run. If other cryptocurrencies are performing well, it could provide positive sentiment and encourage investors to look towards Bitcoin as well.
It's important to note that these factors are not guarantees of a bull run, and the cryptocurrency market is highly volatile and unpredictable. However, the combination of these factors suggests that Bitcoin has the potential to experience another significant price rally in the coming years.
Thanks for reading, following and supporting guys! 🙏
#airdropking #BTC/Update: #CryptoNews🔒📰🚫 #BinanceTrends
Wow...44.3k reached! That's pretty amazing and it's marking the real bullrun season start!
The most amazing bullrun factor is Qatar sovereign Weath Fund
The $500 billion investment, if realized, could have profound implications for the cryptocurrency market. Potentially boosting Bitcoin’s value and cementing its status as a mainstream investment option. This move by QSWF also reflects a growing trend of institutional investors diversifying their portfolios by allocating funds to digital assets. Recognizing the potential for high returns and long-term value.
More About Qatar’s Sovereign Wealth Fund
Qatar’s Sovereign Wealth Fund (QSWF) is known for its meticulous and strategic investment decisions. It often focuses on assets with long-term growth potential. By entering the Bitcoin market, QSWF is making a bold statement about its confidence in the longevity and resilience of digital currencies. This move could also catalyze other sovereign wealth funds and institutional investors to explore opportunities within the cryptocurrency space.
1. Institutional Adoption: The increasing adoption of Bitcoin by institutional investors, such as hedge funds, asset managers, and publicly traded corporations, has significantly boosted its credibility and legitimacy. These large-scale investments attract more attention from the mainstream financial industry, further solidifying Bitcoin's position as a legitimate asset class.
2. Global Macroeconomic Factors: Bitcoin is increasingly viewed as a safe haven asset, similar to physical gold. During periods of global economic uncertainty, investors seek out assets that can protect their wealth from inflation and market volatility. Bitcoin's limited supply and decentralized nature make it an attractive option during such times.
3. Regulatory Developments: Positive regulatory developments could also fuel a Bitcoin bull run. The United States Securities and Exchange Commission (SEC) is currently reviewing several applications for Bitcoin ETFs, which could provide easier access to Bitcoin for retail investors and further legitimize the cryptocurrency.
4. Technological Advancements: Ongoing technological advancements in the Bitcoin ecosystem, such as the Lightning Network, could improve the scalability and usability of Bitcoin, making it more attractive to mainstream users.
5. Increased Adoption by Businesses: Businesses increasingly recognize the potential benefits of integrating Bitcoin into their operations. This includes accepting Bitcoin as a payment method, using it for remittances, or utilizing blockchain technology for various use cases.
6. Media Attention and Social Media Buzz: Positive media coverage and increased social media buzz surrounding Bitcoin can attract new investors and generate excitement in the market, potentially fueling a bull run.
7. The Next Halving Event: The Bitcoin halving, a scheduled event that reduces the reward for mining new blocks by half, is expected to occur in 2024. This event has historically preceded periods of strong price appreciation for Bitcoin.
8. Overall Market Conditions: The overall health of the cryptocurrency market could play a significant role in determining whether or not Bitcoin experiences a bull run. If other cryptocurrencies are performing well, it could provide positive sentiment and encourage investors to look towards Bitcoin as well.
It's important to note that these factors are not guarantees of a bull run, and the cryptocurrency market is highly volatile and unpredictable. However, the combination of these factors suggests that Bitcoin has the potential to experience another significant price rally in the coming years.
Thanks for reading, following and supporting guys! 🙏
#airdropking #BTC/Update: #CryptoNews🔒📰🚫 #BinanceTrends
**🚀 CoinMeerkat Success Update** 📈: CoinMeerkat, operated by fintech startup Make Delta, reports a doubling of billing users since its October upgrade, offering enhanced features like strategy cards, auxiliary indicators, and improved usability, aiming to facilitate mobile-friendly chart analysis and trading for individual investors. 💱📊 #CryptoNews🔒📰🚫
BINANCE LABS invests in many projects, but did you know about KINZA FINANCE? Let's deep dive into the project and see how can we be eligible for their future possible airdrop! #airdropking #CryptoNews🔒📰🚫 #BTC #InvestorAlert $BNB $BTC $ETH
"Expert Dismisses Ripple IPO and Settlement Impact on XRP's Fortunes"
Renowned crypto author Panos Mekras dismisses the prevailing belief that events like the Ripple IPO and Settlement, which are eagerly anticipated, carry substantial importance for XRP.
Read more on: https://thecryptobasic.com/2023/12/18/expert-says-ripple-ipo-and-settlement-do-not-matter-enough-for-xrp/
#RippleUpdate #Ripple-XRP #XRPBreakout #CryptoWatchlist #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/18/expert-says-ripple-ipo-and-settlement-do-not-matter-enough-for-xrp/
#RippleUpdate #Ripple-XRP #XRPBreakout #CryptoWatchlist #CryptoNews🔒📰🚫
Bitcoin Will November Be BULLISH. [price statistics]
Analyzing November's Cryptocurrency Trends
As we head into November, it's a good time to review some monthly statistics for cryptocurrencies. Let's take a closer look at what to expect historically.
Monthly Analysis: A Historical Perspective
I've compiled data from all the Novembers dating back to the inception of Bitcoin. However, I excluded November 2009 since there wasn't enough data to analyze. That month had an opening and closing price of zero, leaving us with little to work with.
Of the 13 Novembers in Bitcoin's history, eight of them were positive, meaning they closed higher than they opened. On average, these winning Novembers saw gains of around 78.75%. But it's essential to note that one significant outlier was November 4, which experienced an almost 500% gain. If we remove this extreme outlier, the average return for winning Novembers would be closer to 22.75%, which is a more conservative estimate.
On the other hand, when November was a losing month, the average loss amounted to approximately 17.75%. However, there's more to this story.
Adding Context to the Data
Let's add some nuance to these statistics. If you've been following crypto trends, you might recall that I previously mentioned that November tends to be a good month for Bitcoin. While there were some doubters, history supports this idea.
Historically, when September was a green month for Bitcoin, it often set the stage for a positive trend throughout the remainder of Q4 (October, November, and December). So, as September closed in the green this year, it might indicate that November is more likely to be a favorable month.
During the five times that Bitcoin saw a green September in its history, most of the Q4 months were in the green as well. While there were a couple of exceptions, in general, the odds of a positive November are higher.
Given that this September was indeed a green one for Bitcoin, it may be more reasonable to expect a positive November. While an average return of 200% may be unlikely, it's reasonable to anticipate gains that push Bitcoin into the low $40,000 range, possibly achieving new all-time highs.
As always, remember that these trends depend on the closing price for October, but based on historical data, there's a high probability of a positive November.
Analyzing Current Trends
Looking at the current trends, Bitcoin is hovering around the 80% historical return range. This suggests that Bitcoin is consolidating, which can continue for some time, especially given the extended consolidation period we've seen recently.
Typically, after a big breakout like the one we witnessed recently, the following week tends to be a consolidation week. The breakout has been significant, and this consolidation indicates the potential for further upward movement. The weekly close is essential, and a close above $32,500 will be a strong indicator of a bullish continuation.
Additionally, the weekly stochastic momentum is still trending higher, maintaining its bullish bias. For now, as long as Bitcoin remains above $28.000, the uptrend remains intact.
In summary, based on historical data and the current market conditions, November has a high likelihood of being a positive month for Bitcoin. While extreme gains are possible, a more conservative estimate places Bitcoin in the low $40,000 range. However, remember that cryptocurrency markets are highly volatile, and these trends are not guaranteed.
Stay tuned for the November closing price for a clearer picture of what lies ahead in the world of cryptocurrencies. In the meantime, happy Halloween and happy trading!
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly speculative and come with significant risks. Make informed decisions and consult with a financial advisor before investing.
#BTC🔥🔥 #CryptoNews🔒📰🚫
As we head into November, it's a good time to review some monthly statistics for cryptocurrencies. Let's take a closer look at what to expect historically.
Monthly Analysis: A Historical Perspective
I've compiled data from all the Novembers dating back to the inception of Bitcoin. However, I excluded November 2009 since there wasn't enough data to analyze. That month had an opening and closing price of zero, leaving us with little to work with.
Of the 13 Novembers in Bitcoin's history, eight of them were positive, meaning they closed higher than they opened. On average, these winning Novembers saw gains of around 78.75%. But it's essential to note that one significant outlier was November 4, which experienced an almost 500% gain. If we remove this extreme outlier, the average return for winning Novembers would be closer to 22.75%, which is a more conservative estimate.
On the other hand, when November was a losing month, the average loss amounted to approximately 17.75%. However, there's more to this story.
Adding Context to the Data
Let's add some nuance to these statistics. If you've been following crypto trends, you might recall that I previously mentioned that November tends to be a good month for Bitcoin. While there were some doubters, history supports this idea.
Historically, when September was a green month for Bitcoin, it often set the stage for a positive trend throughout the remainder of Q4 (October, November, and December). So, as September closed in the green this year, it might indicate that November is more likely to be a favorable month.
During the five times that Bitcoin saw a green September in its history, most of the Q4 months were in the green as well. While there were a couple of exceptions, in general, the odds of a positive November are higher.
Given that this September was indeed a green one for Bitcoin, it may be more reasonable to expect a positive November. While an average return of 200% may be unlikely, it's reasonable to anticipate gains that push Bitcoin into the low $40,000 range, possibly achieving new all-time highs.
As always, remember that these trends depend on the closing price for October, but based on historical data, there's a high probability of a positive November.
Analyzing Current Trends
Looking at the current trends, Bitcoin is hovering around the 80% historical return range. This suggests that Bitcoin is consolidating, which can continue for some time, especially given the extended consolidation period we've seen recently.
Typically, after a big breakout like the one we witnessed recently, the following week tends to be a consolidation week. The breakout has been significant, and this consolidation indicates the potential for further upward movement. The weekly close is essential, and a close above $32,500 will be a strong indicator of a bullish continuation.
Additionally, the weekly stochastic momentum is still trending higher, maintaining its bullish bias. For now, as long as Bitcoin remains above $28.000, the uptrend remains intact.
In summary, based on historical data and the current market conditions, November has a high likelihood of being a positive month for Bitcoin. While extreme gains are possible, a more conservative estimate places Bitcoin in the low $40,000 range. However, remember that cryptocurrency markets are highly volatile, and these trends are not guaranteed.
Stay tuned for the November closing price for a clearer picture of what lies ahead in the world of cryptocurrencies. In the meantime, happy Halloween and happy trading!
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly speculative and come with significant risks. Make informed decisions and consult with a financial advisor before investing.
#BTC🔥🔥 #CryptoNews🔒📰🚫
👉👉 #SamBankman-Fried found guilty on all seven counts of fraud and conspiracy on November 2, 2023.👈👈👈
Sam Bankman-Fried found guilty on all seven counts of fraud and conspiracy on November 2, 2023. He faces up to 115 years in prison, but is scheduled to be sentenced on March 28, 2024.
Bankman-Fried is the founder and former CEO of FTX, a cryptocurrency exchange that collapsed last year. Prosecutors said that Bankman-Fried orchestrated a scheme to steal as much as $10 billion from his users. He is accused of mismanaging customer funds to enrich himself and his family.
Bankman-Fried's conviction is a major blow to the cryptocurrency industry. He was once one of the most respected figures in the space, and his downfall has raised concerns about the regulation of cryptocurrency exchanges.
The latest update on Bankman-Fried's case is that he is being held at the Metropolitan Detention Center in Brooklyn, New York, while he awaits sentencing. His defense attorneys have said that they plan to appeal the verdict.
#CryptoNews🔒📰🚫 #BinanceSquareTalks #Binancefeed #ftx
Sam Bankman-Fried found guilty on all seven counts of fraud and conspiracy on November 2, 2023. He faces up to 115 years in prison, but is scheduled to be sentenced on March 28, 2024.
Bankman-Fried is the founder and former CEO of FTX, a cryptocurrency exchange that collapsed last year. Prosecutors said that Bankman-Fried orchestrated a scheme to steal as much as $10 billion from his users. He is accused of mismanaging customer funds to enrich himself and his family.
Bankman-Fried's conviction is a major blow to the cryptocurrency industry. He was once one of the most respected figures in the space, and his downfall has raised concerns about the regulation of cryptocurrency exchanges.
The latest update on Bankman-Fried's case is that he is being held at the Metropolitan Detention Center in Brooklyn, New York, while he awaits sentencing. His defense attorneys have said that they plan to appeal the verdict.
#CryptoNews🔒📰🚫 #BinanceSquareTalks #Binancefeed #ftx
- Global cryptocurrency market cap: $1.95 trillion, up by 0.89% in the last day.
- Bitcoin (BTC) trading between $51,535 and $52,489, currently at $52,303, up by 0.86%.
- Major cryptocurrencies mixed; top performers include WLD (up 41%), PHB (up 34%), and CKB (up 27%).
- Binance introduces UI, Binance Earn, and Futures enhancements in January 2024 based on user feedback.
- ARK Invest sells $90 million worth of Coinbase shares following analyst upgrades.
Market movers (24h):
- ETH: $2915.06 (+3.54%)
- BNB: $351.9 (-1.46%)
- SOL: $112.19 (+1.94%)
- XRP: $0.562 (+0.92%)
- ADA: $0.6363 (+0.19%)
- AVAX: $40.07 (-0.25%)
- DOGE: $0.08638 (+2.60%)
- TRX: $0.13549 (+0.10%)
- LINK: $20.038 (-0.32%)
- DOT: $7.809 (-0.03%)
Top gainers on Binance (24h):
- WLD/USDT (+41%)
- PHB/USDT (+34%)
- CKB/USDT (+27%)
#Marketupdate #CryptoNews🔒📰🚫 #cryptopm
- Bitcoin (BTC) trading between $51,535 and $52,489, currently at $52,303, up by 0.86%.
- Major cryptocurrencies mixed; top performers include WLD (up 41%), PHB (up 34%), and CKB (up 27%).
- Binance introduces UI, Binance Earn, and Futures enhancements in January 2024 based on user feedback.
- ARK Invest sells $90 million worth of Coinbase shares following analyst upgrades.
Market movers (24h):
- ETH: $2915.06 (+3.54%)
- BNB: $351.9 (-1.46%)
- SOL: $112.19 (+1.94%)
- XRP: $0.562 (+0.92%)
- ADA: $0.6363 (+0.19%)
- AVAX: $40.07 (-0.25%)
- DOGE: $0.08638 (+2.60%)
- TRX: $0.13549 (+0.10%)
- LINK: $20.038 (-0.32%)
- DOT: $7.809 (-0.03%)
Top gainers on Binance (24h):
- WLD/USDT (+41%)
- PHB/USDT (+34%)
- CKB/USDT (+27%)
#Marketupdate #CryptoNews🔒📰🚫 #cryptopm
BlackRock Launches New Bitcoin Advertising Campaign for Legacy Finance.
BlackRock has launched an ad campaign for its iShares Bitcoin Trust (IBIT) to draw in mainstream investors, positioning Bitcoin as a viable addition to the usual mix of stocks and bonds in an investment portfolio.
This move is intended to weave Bitcoin into the fabric of traditional investment strategies, providing a way for investors to engage with the asset through BlackRock's newly introduced ETF, without needing to utilize direct ownership.
Eric Balchunas, a Bloomberg ETF Analyst, commended the "Bitcoin ETFs have landed" ad on social media for its clarity and modern flair, indicating a well-crafted appeal to a broader audience.This campaign reflects BlackRock's ambition to simplify Bitcoin for the average investor, presenting it as a legitimate option for diversifying investment portfolios.
The campaign highlights the inherent risks of Bitcoin, such as its volatility, aiming to educate potential investors about the cautious approach needed when venturing into this new asset class.
According to Balchunas, the campaign targets the "normal 60/40-ers" — investors traditionally allocating 60% to stocks and 40% to bonds — suggesting a strategic move to normalize Bitcoin as part of a balanced investment portfolio.
#BlackRockCrypto. #BlackRockCrypto. #TrendingTopic. #CryptoNews🔒📰🚫
BlackRock has launched an ad campaign for its iShares Bitcoin Trust (IBIT) to draw in mainstream investors, positioning Bitcoin as a viable addition to the usual mix of stocks and bonds in an investment portfolio.
This move is intended to weave Bitcoin into the fabric of traditional investment strategies, providing a way for investors to engage with the asset through BlackRock's newly introduced ETF, without needing to utilize direct ownership.
Eric Balchunas, a Bloomberg ETF Analyst, commended the "Bitcoin ETFs have landed" ad on social media for its clarity and modern flair, indicating a well-crafted appeal to a broader audience.This campaign reflects BlackRock's ambition to simplify Bitcoin for the average investor, presenting it as a legitimate option for diversifying investment portfolios.
The campaign highlights the inherent risks of Bitcoin, such as its volatility, aiming to educate potential investors about the cautious approach needed when venturing into this new asset class.
According to Balchunas, the campaign targets the "normal 60/40-ers" — investors traditionally allocating 60% to stocks and 40% to bonds — suggesting a strategic move to normalize Bitcoin as part of a balanced investment portfolio.
#BlackRockCrypto. #BlackRockCrypto. #TrendingTopic. #CryptoNews🔒📰🚫
#Arbitrum price readies to explode 12% if #Ethereum nicks $4,000
Arbitrum's price has rebounded nearly 50% from its yearly lows and is poised for further gains, especially if Ethereum's price surpasses the $4,000 mark. Currently, ARB is consolidating within a range, but its bullish momentum could be reignited with increased liquidity flowing into Ethereum betas like ARB.
The immediate hurdle for Arbitrum's price is the $2.2017 resistance level, marking the upper boundary of its current trading range. However, with strong support from the 50-day Simple Moving Average (SMA) at $1.8989, ARB could overcome this resistance and aim for the $2.4250 peak reached on January 11, representing a potential 12% increase from current levels.
In a highly bullish scenario, ARB could surpass this range high and target the psychological level of $2.6000. The ascending Relative Strength Index (RSI) and #bullish volume indicators further support the upward momentum, adding credibility to the bullish outlook.
On-chain metrics also support a bullish thesis for Arbitrum's price. Decreasing social dominance and social volume indicate that the ARB project is not overhyped, while an increase in daily active addresses and development activity on the network suggests growing user engagement and network progress. Additionally, spikes in whale transactions exceeding $100,000 signal strong bullish fundamentals.
However, if traders start to take profits, ARB's price could face downward pressure, potentially breaking below the 50-day SMA at $1.8989. Further declines could lead to a test of the $1.7307 support level, and a breach of this level could invalidate the bullish thesis, especially if ARB creates a lower low below the 200-day SMA at $1.6867.
Source - fxstreet.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Arbitrum's price has rebounded nearly 50% from its yearly lows and is poised for further gains, especially if Ethereum's price surpasses the $4,000 mark. Currently, ARB is consolidating within a range, but its bullish momentum could be reignited with increased liquidity flowing into Ethereum betas like ARB.
The immediate hurdle for Arbitrum's price is the $2.2017 resistance level, marking the upper boundary of its current trading range. However, with strong support from the 50-day Simple Moving Average (SMA) at $1.8989, ARB could overcome this resistance and aim for the $2.4250 peak reached on January 11, representing a potential 12% increase from current levels.
In a highly bullish scenario, ARB could surpass this range high and target the psychological level of $2.6000. The ascending Relative Strength Index (RSI) and #bullish volume indicators further support the upward momentum, adding credibility to the bullish outlook.
On-chain metrics also support a bullish thesis for Arbitrum's price. Decreasing social dominance and social volume indicate that the ARB project is not overhyped, while an increase in daily active addresses and development activity on the network suggests growing user engagement and network progress. Additionally, spikes in whale transactions exceeding $100,000 signal strong bullish fundamentals.
However, if traders start to take profits, ARB's price could face downward pressure, potentially breaking below the 50-day SMA at $1.8989. Further declines could lead to a test of the $1.7307 support level, and a breach of this level could invalidate the bullish thesis, especially if ARB creates a lower low below the 200-day SMA at $1.6867.
Source - fxstreet.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Today, I am going to post about one of the major meme coins, Floki Inu.
$Floki, one of the biggest meme coins, has yielded 500% returns in just 1 month. However, the Hong Kong Security and Futures Commission has halted Floki Inu's staking program due to promising unrealistic gains within 1 year.
Be cautious when investing in Floki Inu. While I believe it may offer good returns during the 2024-2025 bull run, I recommend trimming positions once you've secured satisfactory profits.
If you're interested in long-term investing, consider following me on Binance.
My Binance Square Link
If you want 2k-3k dollars per month then check this post:
Proof of Binance Merchant earning 2k-3k per month
#CryptoNews🚀🔥 #CryptoNews🔒📰🚫 #FLOKIINU
$Floki, one of the biggest meme coins, has yielded 500% returns in just 1 month. However, the Hong Kong Security and Futures Commission has halted Floki Inu's staking program due to promising unrealistic gains within 1 year.
Be cautious when investing in Floki Inu. While I believe it may offer good returns during the 2024-2025 bull run, I recommend trimming positions once you've secured satisfactory profits.
If you're interested in long-term investing, consider following me on Binance.
My Binance Square Link
If you want 2k-3k dollars per month then check this post:
Proof of Binance Merchant earning 2k-3k per month
#CryptoNews🚀🔥 #CryptoNews🔒📰🚫 #FLOKIINU
👉👉👉 #Ethereum Price Faces Crucial Test, Can $ETH Clear This Hurdle To Kickstart Rally?
Ethereum's price is currently consolidating above the crucial $3,450 support level, with a requirement to surpass $3,560 and $3,620 to initiate a fresh uptrend in the short term.
Presently, Ethereum is trading within a range above the pivotal $3,450 support level. It maintains its position above $3,500 and the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD, a new bearish trend line is forming, indicating resistance around $3,550.
ETH made an attempt to breach the $3,550 resistance, even reaching above $3,600, but similar to Bitcoin, it encountered resistance. The price peaked at $3,614 before retracing gains and dropping below $3,500 to reach as low as $3,476. However, it's currently rebounding and climbing back above $3,500.
There's been a move above the 23.6% Fibonacci retracement level of the recent downturn from $3,614 to $3,476. Ethereum now trades above $3,500 and the 100-hourly Simple Moving Average. Immediate resistance is anticipated near $3,550 or the 50% Fibonacci retracement level of the recent decline.
A bearish trend line is forming with resistance at $3,550. Key resistance levels include $3,620 and $3,650, with potential for a rally towards $3,720 and $3,750. Breaking above $3,820 could push Ethereum to $4,000.
Failure to breach $3,550 may lead to a decline. Initial support is at $3,500, followed by $3,475 and $3,420. Breaking below $3,420 may lead to $3,320 and $3,240 levels.
Analyzing technical indicators, the hourly MACD for ETH/USD indicates a loss of momentum in the bearish zone, while the hourly RSI is currently above the 50 level.
- Key Support Level: $3,475
- Key Resistance Level: $3,550
#CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency
Ethereum's price is currently consolidating above the crucial $3,450 support level, with a requirement to surpass $3,560 and $3,620 to initiate a fresh uptrend in the short term.
Presently, Ethereum is trading within a range above the pivotal $3,450 support level. It maintains its position above $3,500 and the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD, a new bearish trend line is forming, indicating resistance around $3,550.
ETH made an attempt to breach the $3,550 resistance, even reaching above $3,600, but similar to Bitcoin, it encountered resistance. The price peaked at $3,614 before retracing gains and dropping below $3,500 to reach as low as $3,476. However, it's currently rebounding and climbing back above $3,500.
There's been a move above the 23.6% Fibonacci retracement level of the recent downturn from $3,614 to $3,476. Ethereum now trades above $3,500 and the 100-hourly Simple Moving Average. Immediate resistance is anticipated near $3,550 or the 50% Fibonacci retracement level of the recent decline.
A bearish trend line is forming with resistance at $3,550. Key resistance levels include $3,620 and $3,650, with potential for a rally towards $3,720 and $3,750. Breaking above $3,820 could push Ethereum to $4,000.
Failure to breach $3,550 may lead to a decline. Initial support is at $3,500, followed by $3,475 and $3,420. Breaking below $3,420 may lead to $3,320 and $3,240 levels.
Analyzing technical indicators, the hourly MACD for ETH/USD indicates a loss of momentum in the bearish zone, while the hourly RSI is currently above the 50 level.
- Key Support Level: $3,475
- Key Resistance Level: $3,550
#CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency
👉👉👉 #Bitcoin Will Tumble After Launch of Digital Ruble, Says Russian Economist
According to Russian economist Alexander Razuvaev, the rollout of digital currencies like the digital ruble could lead to a tumble in Bitcoin prices, although he believes that #cryptocurrency won't completely disappear but rather become marginalized.
Razuvaev, a member of the supervisory board of the Guild of Financial Analysts and Risk Managers, expressed concerns about the current overheated state of the crypto markets, attributing it to unsustainable demand. While he acknowledged the potential for continued short-term price increases, he warned of unpredictable events that could occur "after April," likely referencing the upcoming #Bitcoin Halving event expected around that time.
The economist suggested that the introduction of digital currencies such as the digital ruble, dollar, and euro would create a more favorable environment for investors. He drew parallels between the current crypto market enthusiasm and historical speculative bubbles like the Dutch tulip mania of the 17th century, where tulip bulb prices soared to extraordinary levels before crashing.
However, Razuvaev argued that unlike traditional pyramid schemes, cryptocurrencies won't vanish entirely. He compared them to the notorious MMM Ponzi scheme but noted that crypto would persist albeit in a marginalized capacity.
Regarding the digital ruble specifically, Razuvaev previously speculated that Moscow might eventually mandate its use, especially among pensioners. He believes that the trend toward adopting central bank digital currencies (CBDCs ) will continue to grow over time, driven by technological advancements.
Despite Razuvaev's assertions, the Russian Central Bank Governor has stated that the digital ruble is still in pilot testing and won't be implemented before 2025.
Source - cryptonews.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
According to Russian economist Alexander Razuvaev, the rollout of digital currencies like the digital ruble could lead to a tumble in Bitcoin prices, although he believes that #cryptocurrency won't completely disappear but rather become marginalized.
Razuvaev, a member of the supervisory board of the Guild of Financial Analysts and Risk Managers, expressed concerns about the current overheated state of the crypto markets, attributing it to unsustainable demand. While he acknowledged the potential for continued short-term price increases, he warned of unpredictable events that could occur "after April," likely referencing the upcoming #Bitcoin Halving event expected around that time.
The economist suggested that the introduction of digital currencies such as the digital ruble, dollar, and euro would create a more favorable environment for investors. He drew parallels between the current crypto market enthusiasm and historical speculative bubbles like the Dutch tulip mania of the 17th century, where tulip bulb prices soared to extraordinary levels before crashing.
However, Razuvaev argued that unlike traditional pyramid schemes, cryptocurrencies won't vanish entirely. He compared them to the notorious MMM Ponzi scheme but noted that crypto would persist albeit in a marginalized capacity.
Regarding the digital ruble specifically, Razuvaev previously speculated that Moscow might eventually mandate its use, especially among pensioners. He believes that the trend toward adopting central bank digital currencies (CBDCs ) will continue to grow over time, driven by technological advancements.
Despite Razuvaev's assertions, the Russian Central Bank Governor has stated that the digital ruble is still in pilot testing and won't be implemented before 2025.
Source - cryptonews.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
"Shiba Inu Teams Up for Culinary Magic with Esteemed Football Giants - Get Ready for the Feast!"
@PB5 announces Welly’s venture into the football space, saying the Shiba Inu-themed restaurant is cooking something big for the local community.
Read more on: https://thecryptobasic.com/2023/11/27/shiba-inu-partner-cooking-something-big-with-top-football-team/
#ShibaInuUpdate #SHIBFuture #ShibaShine #CryptoAmbition #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/11/27/shiba-inu-partner-cooking-something-big-with-top-football-team/
#ShibaInuUpdate #SHIBFuture #ShibaShine #CryptoAmbition #CryptoNews🔒📰🚫