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The Best Digital Currencies for Long-Term Investment in July 2024
Investing in Cryptocurrencies: A Strategic Game of Chess
Investing in #Cryptocurrencies for the long term is similar to playing a strategic game of chess. Each cryptocurrency, like each chess piece, has distinct roles and potential contributions to achieving financial success. From presales like EarthMeta to well-known cryptos like Ethereum, understanding and leveraging each cryptocurrency's unique attributes can lead to significant financial gains.
Understanding the Board and Pieces
The chessboard represents the cryptocurrency market, which is vast, dynamic, and filled with opportunities and challenges. The various cryptocurrencies are like the chess pieces, each with unique characteristics, strengths, and weaknesses. Just as a chess player needs to understand the capabilities and limitations of each piece, a crypto #investor must understand the fundamentals and potential of each cryptocurrency.
Key Players in the Crypto Market
Meme Coins (Pawns): These are often smaller and less established, lacking solid projects or well-thought-out tokenomics.Bitcoin (King): If #Bitcoin fails, the entire market is likely to suffer significantly.Altcoins like Toncoin (Queen): These can be highly valuable with the right strategy and can lead to substantial gains.
Staying Informed and Strategic
Just as a chess player must be aware of the entire board, a crypto investor must stay informed about market trends, regulatory developments, and technological advancements. This knowledge allows investors to make strategic moves, such as reallocating assets to hedge against market volatility or capitalizing on emerging sectors poised for growth.
Preparing for a Bull Run
For newbies, it's important to note that the cryptocurrency market is showing signs of an impending bull run, as numerous analyses indicate. Experts are noting key indicators that suggest the market is gearing up for significant upward movement. For investors, this represents an important moment to position yourself strategically.
Understanding a Bull Run
A bull run refers to a period where the prices of assets rise continuously over a prolonged period. In the context of cryptocurrencies, this can mean substantial gains for those who invest early and wisely. Historically, bull runs in the crypto market have lasted several months to over a year, allowing ample time for prices to peak.
Current Market Conditions
Current market conditions show patterns similar to previous pre-bull run phases. Increased trading volumes, rising interest in crypto assets, and positive regulatory news are all contributing factors.
Strategic Long-Term Investing
Investing in cryptocurrencies during a bull run requires a long-term perspective. The market is volatile, with prices fluctuating significantly even during bullish phases. A strategic approach involves identifying and investing in cryptocurrencies with strong fundamentals and long-term potential.
By understanding the unique attributes and potential of each cryptocurrency, staying informed about market trends, and positioning yourself strategically, you can navigate the cryptocurrency market effectively, much like a skilled chess player.
List of 10 Best Digital Currencies for Long-Term Investment in July 2024
EarthMeta ($EMT) – AI-driven metaverse platform.Ethereum ($ETH ) – Leading smart contract blockchain.Ripple ($XRP) – Efficient cross-border payments.Binance Coin ($BNB ) – Native token of the largest crypto exchange.Toncoin ($TON) – High-capacity Telegram blockchain.Cardano ($ADA) – Secure, scalable blockchain platform.Solana ($SOL ) – High-speed, low-cost blockchain.Polkadot ($DOT) – Interoperable multi-chain network.Avalanche ($AVAX) – High-performance blockchain platform.Chainlink ($LINK) – Decentralized oracle network.
#Bitcoin_Coneference_2024 #BinanceTurns7
Investing in #Cryptocurrencies for the long term is similar to playing a strategic game of chess. Each cryptocurrency, like each chess piece, has distinct roles and potential contributions to achieving financial success. From presales like EarthMeta to well-known cryptos like Ethereum, understanding and leveraging each cryptocurrency's unique attributes can lead to significant financial gains.
Understanding the Board and Pieces
The chessboard represents the cryptocurrency market, which is vast, dynamic, and filled with opportunities and challenges. The various cryptocurrencies are like the chess pieces, each with unique characteristics, strengths, and weaknesses. Just as a chess player needs to understand the capabilities and limitations of each piece, a crypto #investor must understand the fundamentals and potential of each cryptocurrency.
Key Players in the Crypto Market
Meme Coins (Pawns): These are often smaller and less established, lacking solid projects or well-thought-out tokenomics.Bitcoin (King): If #Bitcoin fails, the entire market is likely to suffer significantly.Altcoins like Toncoin (Queen): These can be highly valuable with the right strategy and can lead to substantial gains.
Staying Informed and Strategic
Just as a chess player must be aware of the entire board, a crypto investor must stay informed about market trends, regulatory developments, and technological advancements. This knowledge allows investors to make strategic moves, such as reallocating assets to hedge against market volatility or capitalizing on emerging sectors poised for growth.
Preparing for a Bull Run
For newbies, it's important to note that the cryptocurrency market is showing signs of an impending bull run, as numerous analyses indicate. Experts are noting key indicators that suggest the market is gearing up for significant upward movement. For investors, this represents an important moment to position yourself strategically.
Understanding a Bull Run
A bull run refers to a period where the prices of assets rise continuously over a prolonged period. In the context of cryptocurrencies, this can mean substantial gains for those who invest early and wisely. Historically, bull runs in the crypto market have lasted several months to over a year, allowing ample time for prices to peak.
Current Market Conditions
Current market conditions show patterns similar to previous pre-bull run phases. Increased trading volumes, rising interest in crypto assets, and positive regulatory news are all contributing factors.
Strategic Long-Term Investing
Investing in cryptocurrencies during a bull run requires a long-term perspective. The market is volatile, with prices fluctuating significantly even during bullish phases. A strategic approach involves identifying and investing in cryptocurrencies with strong fundamentals and long-term potential.
By understanding the unique attributes and potential of each cryptocurrency, staying informed about market trends, and positioning yourself strategically, you can navigate the cryptocurrency market effectively, much like a skilled chess player.
List of 10 Best Digital Currencies for Long-Term Investment in July 2024
EarthMeta ($EMT) – AI-driven metaverse platform.Ethereum ($ETH ) – Leading smart contract blockchain.Ripple ($XRP) – Efficient cross-border payments.Binance Coin ($BNB ) – Native token of the largest crypto exchange.Toncoin ($TON) – High-capacity Telegram blockchain.Cardano ($ADA) – Secure, scalable blockchain platform.Solana ($SOL ) – High-speed, low-cost blockchain.Polkadot ($DOT) – Interoperable multi-chain network.Avalanche ($AVAX) – High-performance blockchain platform.Chainlink ($LINK) – Decentralized oracle network.
#Bitcoin_Coneference_2024 #BinanceTurns7
In a Friday tweet, Kiyosaki said Bitcoin holders would likely get richer when the Fed changes its monetary policy and begins to print more money. #Binance #robertkiyosaki #bitcoin #investor #dyor
Stochastic Indicator in Trading: A Complete Guide
As a trader, you may have come across various technical indicators that help you make informed decisions on when to enter and exit trades. One of such indicators is the stochastic oscillator, commonly referred to as the stochastic indicator. In this article, we will provide you with a complete guide on the stochastic indicator in trading.
What is the Stochastic Indicator? The stochastic indicator is a momentum indicator that measures the level of the closing price of an asset relative to its price range over a particular period. It is based on the premise that as prices trend upwards, closing prices will be closer to the high end of the range, and as prices trend downwards, closing prices will be closer to the low end of the range.
The stochastic oscillator consists of two lines, %K and %D, and oscillates between 0 and 100. The %K line is the primary line and is calculated as follows: %K = [(Closing price - Lowest price in n periods) / (Highest price in n periods - Lowest price in n periods)] x 100
The %D line, also known as the signal line, is calculated by smoothing the %K line with a simple moving average (usually 3 periods).
How to Interpret the Stochastic Indicator
The stochastic indicator has two main levels, the oversold level (20) and the overbought level (80). When the stochastic oscillator crosses above the oversold level, it is a signal that the asset may be oversold, and it may be time to buy. Conversely, when the stochastic oscillator crosses below the overbought level, it is a signal that the asset may be overbought, and it may be time to sell.
Another way to interpret the stochastic indicator is by looking for divergences between the indicator and the price. For example, if the price is making higher highs, but the stochastic oscillator is making lower highs, it may be a sign of weakness in the trend and a possible reversal.
Stochastic Indicator Strategies There are several strategies that traders use when trading with the stochastic indicator. Here are a few:
Stochastic Crossover: This strategy involves looking for when the %K line crosses above or below the %D line. When the %K line crosses above the %D line, it is a signal to buy, and when it crosses below the %D line, it is a signal to sell.
Stochastic Divergence: This strategy involves looking for divergences between the stochastic oscillator and the price. When there is a bullish divergence, it may be a signal to buy, and when there is a bearish divergence, it may be a signal to sell.
Stochastic Overbought/Oversold: This strategy involves looking for when the stochastic oscillator crosses above or below the overbought or oversold levels. When the oscillator crosses above the overbought level, it may be a signal to sell, and when it crosses below the oversold level, it may be a signal to buy.
Limitations of the Stochastic Indicator Like all technical indicators, the stochastic oscillator has its limitations. It is a lagging indicator, meaning that it relies on past price action to generate signals. Therefore, it may not always be accurate in predicting future price movements.
In addition, the stochastic indicator may generate false signals during periods of low volatility or trendless markets. It is, therefore, essential to use other technical indicators and tools to confirm the signals generated by the stochastic indicator.
Conclusion The stochastic indicator is a popular technical indicator used by traders to measure momentum and identify possible trend reversals. It is easy to use and interpret, and traders can use it to develop trading strategies based on their trading styles and risk tolerance.
#crypto2023 #tradingStrategy #investor
What is the Stochastic Indicator? The stochastic indicator is a momentum indicator that measures the level of the closing price of an asset relative to its price range over a particular period. It is based on the premise that as prices trend upwards, closing prices will be closer to the high end of the range, and as prices trend downwards, closing prices will be closer to the low end of the range.
The stochastic oscillator consists of two lines, %K and %D, and oscillates between 0 and 100. The %K line is the primary line and is calculated as follows: %K = [(Closing price - Lowest price in n periods) / (Highest price in n periods - Lowest price in n periods)] x 100
The %D line, also known as the signal line, is calculated by smoothing the %K line with a simple moving average (usually 3 periods).
How to Interpret the Stochastic Indicator
The stochastic indicator has two main levels, the oversold level (20) and the overbought level (80). When the stochastic oscillator crosses above the oversold level, it is a signal that the asset may be oversold, and it may be time to buy. Conversely, when the stochastic oscillator crosses below the overbought level, it is a signal that the asset may be overbought, and it may be time to sell.
Another way to interpret the stochastic indicator is by looking for divergences between the indicator and the price. For example, if the price is making higher highs, but the stochastic oscillator is making lower highs, it may be a sign of weakness in the trend and a possible reversal.
Stochastic Indicator Strategies There are several strategies that traders use when trading with the stochastic indicator. Here are a few:
Stochastic Crossover: This strategy involves looking for when the %K line crosses above or below the %D line. When the %K line crosses above the %D line, it is a signal to buy, and when it crosses below the %D line, it is a signal to sell.
Stochastic Divergence: This strategy involves looking for divergences between the stochastic oscillator and the price. When there is a bullish divergence, it may be a signal to buy, and when there is a bearish divergence, it may be a signal to sell.
Stochastic Overbought/Oversold: This strategy involves looking for when the stochastic oscillator crosses above or below the overbought or oversold levels. When the oscillator crosses above the overbought level, it may be a signal to sell, and when it crosses below the oversold level, it may be a signal to buy.
Limitations of the Stochastic Indicator Like all technical indicators, the stochastic oscillator has its limitations. It is a lagging indicator, meaning that it relies on past price action to generate signals. Therefore, it may not always be accurate in predicting future price movements.
In addition, the stochastic indicator may generate false signals during periods of low volatility or trendless markets. It is, therefore, essential to use other technical indicators and tools to confirm the signals generated by the stochastic indicator.
Conclusion The stochastic indicator is a popular technical indicator used by traders to measure momentum and identify possible trend reversals. It is easy to use and interpret, and traders can use it to develop trading strategies based on their trading styles and risk tolerance.
#crypto2023 #tradingStrategy #investor
THIS IS WHY MOST OF NEW CRYPTO #INVESTORS FAIL: DO THESE TO BE SUCCESSFUL
As a new #investor in the #crypto industry, you don't need to continue investing in where may not be #profitable for you.
If you want to make money with crypto then you should do these three things:
1. Don't wait for new crypto to come to exchange before you can invest. Better get the early access to it before it is listed in popular exchanges.
2. Do your own research as well as possible on any crypto to understand it utilities and abilities to stay
3. Alway invest what you can afford to lose. Investing in new projects is a game of risk, you don't have to invest what you can't afford to lose.
If you are not risking it, you are are risking more!
As a new #investor in the #crypto industry, you don't need to continue investing in where may not be #profitable for you.
If you want to make money with crypto then you should do these three things:
1. Don't wait for new crypto to come to exchange before you can invest. Better get the early access to it before it is listed in popular exchanges.
2. Do your own research as well as possible on any crypto to understand it utilities and abilities to stay
3. Alway invest what you can afford to lose. Investing in new projects is a game of risk, you don't have to invest what you can't afford to lose.
If you are not risking it, you are are risking more!
- #bitcoin market currently shows extreme apathy and exhaustion, with historically low volatility and on-chain indicators hitting all-time lows.
- Digital asset #market trading in $29k-$30k range, displaying top-heavy nature with Short-Term Holder supply and cost basis concentrated around current spot price.
- Realized Cap metric indicates around $16B (+4.1%) flowed into Bitcoin Year-to-Date (YTD), suggesting a modest pace compared to previous uptrend.
- Short-Term Holder cohort's wealth increased by $22B, while Long-Term Holder cohort saw near-equivalent decrease of -$21B this year.
- Price volatility for BTC at historical lows causing changes in #investor spending behavior.
- Bitcoin supply categorized into Hot, Warm, and Single-Cycle Long-Term Holder supplies, each with different holding conviction and trading behavior.
- Bitcoin market likely to remain slow, choppy, and sideways due to apathy, exhaustion, and underwater investments of many holders.
- A significant crypto holder ("whale") sold 1.07 trillion PEPE tokens worth around $1.33 million.
- The sale occurred five hours ago, resulting in a loss of approximately $62,000.
- The whale initially bought the #PEPE tokens for 750 #ETH (about $1.39 million) six days ago.
- The tokens were sold for 250 ETH (around $457,000) and 876,000 USDC.
- The whale also acquired 11.26 million TOSHI tokens on the Base chain with a 294 ETH investment (about $53.8 thousand).
$PEPE $SHIB $BTC
- Digital asset #market trading in $29k-$30k range, displaying top-heavy nature with Short-Term Holder supply and cost basis concentrated around current spot price.
- Realized Cap metric indicates around $16B (+4.1%) flowed into Bitcoin Year-to-Date (YTD), suggesting a modest pace compared to previous uptrend.
- Short-Term Holder cohort's wealth increased by $22B, while Long-Term Holder cohort saw near-equivalent decrease of -$21B this year.
- Price volatility for BTC at historical lows causing changes in #investor spending behavior.
- Bitcoin supply categorized into Hot, Warm, and Single-Cycle Long-Term Holder supplies, each with different holding conviction and trading behavior.
- Bitcoin market likely to remain slow, choppy, and sideways due to apathy, exhaustion, and underwater investments of many holders.
- A significant crypto holder ("whale") sold 1.07 trillion PEPE tokens worth around $1.33 million.
- The sale occurred five hours ago, resulting in a loss of approximately $62,000.
- The whale initially bought the #PEPE tokens for 750 #ETH (about $1.39 million) six days ago.
- The tokens were sold for 250 ETH (around $457,000) and 876,000 USDC.
- The whale also acquired 11.26 million TOSHI tokens on the Base chain with a 294 ETH investment (about $53.8 thousand).
$PEPE $SHIB $BTC
📈 $BTC long-short ratio surge to 2.86 on #Binance Futures signals strong #investor confidence.
🚀 Despite a slight #Bitcoin price dip, the rise from last week's 0.86 shows growing optimism, especially after the approval of multiple #BitcoinETFs
🚀 Despite a slight #Bitcoin price dip, the rise from last week's 0.86 shows growing optimism, especially after the approval of multiple #BitcoinETFs
📈 Bitcoin’s net unrealized profit/loss, indicating #investor profit ratio, has jumped above 0.5 for the first time since December 2021!
💰 This suggests most $BTC investments are now in #profit - making selling pressure at current highs more likely.
#Bitcoin #Bitcoininvestment
💰 This suggests most $BTC investments are now in #profit - making selling pressure at current highs more likely.
#Bitcoin #Bitcoininvestment
Who are the institutional and qualified investors?
An institutional #investor is a legal entity that holds private #money and invests it in securities, real estate, precious metals and other assets, including #cryptocurrencies.
An institution can be a bank, pension fund, insurance company or investment fund. Private investors entrust their funds to institutions because they provide professional management and have access to a broader segment of financial instruments.
A qualified investor is a status assigned to an individual or a legal entity and gives the right to carry out financial transactions with assets that are not available to unqualified investors.
Different countries set their own requirements for obtaining this status, such as certain experience in the financial sector, passing special examinations, a minimum amount of funds under management, etc.
An institution can be a bank, pension fund, insurance company or investment fund. Private investors entrust their funds to institutions because they provide professional management and have access to a broader segment of financial instruments.
A qualified investor is a status assigned to an individual or a legal entity and gives the right to carry out financial transactions with assets that are not available to unqualified investors.
Different countries set their own requirements for obtaining this status, such as certain experience in the financial sector, passing special examinations, a minimum amount of funds under management, etc.
■ #Solana pulls back from the crash to $120, holds above $170 as bulls eye $200.
■ #Floki reignites the meme coin hype after reaching a new all-time high.
■#Notcoin proves that select newer coins have immense potential and can outperform older #crypto projects.
#Cryptocurancy #investor #trending #NewsAboutCrypto #BnbAth
■ #Floki reignites the meme coin hype after reaching a new all-time high.
■#Notcoin proves that select newer coins have immense potential and can outperform older #crypto projects.
#Cryptocurancy #investor #trending #NewsAboutCrypto #BnbAth
Reason behind Top 7 cryptocurrencies.
👉These crypto are the best for future generation.
👉You can see the details behind every crypto.
👉Each crypto have own unique value.
1.BITCOIN :—Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
#bitcoin is first crypto.
2.ETHEREUM :— Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (D Apps).
#ETH most of the time used for transaction
3.TETHER :—Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money.
4.BINANCE :—BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on #binance Exchange, making in-store payments, and many more.
5.USDC(Coinbase) :—USD Coin (USDC) is a stable coin fully backed by the US dollar and developed by the CENTRE consortium.
6.CBCD(Indian) :—Central bank digital currencies (CBDCs) are the digital form of a government-issued currency that isn’t pegged to a physical commodity. They are issued by central banks, whose role is to support financial services for a nation’s government and its commercial-banking system, set monetary policy, and issue currency.
7.XRP :—XRP is used for Censorship-Resistant Transaction processing, Fast, Efficient Consensus Algorithm, Finite XRP Supply, Responsible Software Governance, Secure, Adaptable Cryptography, Modern Features for Smart Contracts, On-Ledger Decentralized Exchange.
👉Try to be smart, If you are a #investor in crypto then understand the basic technology ,future growth of #crypto.
👉You can see the details behind every crypto.
👉Each crypto have own unique value.
1.BITCOIN :—Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
#bitcoin is first crypto.
2.ETHEREUM :— Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (D Apps).
#ETH most of the time used for transaction
3.TETHER :—Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money.
4.BINANCE :—BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on #binance Exchange, making in-store payments, and many more.
5.USDC(Coinbase) :—USD Coin (USDC) is a stable coin fully backed by the US dollar and developed by the CENTRE consortium.
6.CBCD(Indian) :—Central bank digital currencies (CBDCs) are the digital form of a government-issued currency that isn’t pegged to a physical commodity. They are issued by central banks, whose role is to support financial services for a nation’s government and its commercial-banking system, set monetary policy, and issue currency.
7.XRP :—XRP is used for Censorship-Resistant Transaction processing, Fast, Efficient Consensus Algorithm, Finite XRP Supply, Responsible Software Governance, Secure, Adaptable Cryptography, Modern Features for Smart Contracts, On-Ledger Decentralized Exchange.
👉Try to be smart, If you are a #investor in crypto then understand the basic technology ,future growth of #crypto.
1. **Worldcoin Token Distribution:** The #Worldcoin TFH team and investor address 0x0d4c have distributed 90 million #WLD tokens, equivalent to $152 million, to eight new addresses.
2. **Significant Recent Transfers:** Over the last five days, the address 0x0d4c has transferred a substantial amount of WLD #tokens , totaling $490 million, to 26 different #investor addresses.
3. **Dynamic Token Movements:** The distribution and movement of WLD tokens highlight active and sizable transactions involving the Worldcoin TFH #team and the address 0x0d4c, indicating significant activity within the Worldcoin ecosystem.
$BTC $BNB $WLD
2. **Significant Recent Transfers:** Over the last five days, the address 0x0d4c has transferred a substantial amount of WLD #tokens , totaling $490 million, to 26 different #investor addresses.
3. **Dynamic Token Movements:** The distribution and movement of WLD tokens highlight active and sizable transactions involving the Worldcoin TFH #team and the address 0x0d4c, indicating significant activity within the Worldcoin ecosystem.
$BTC $BNB $WLD
#Write2Earn Shocking Bitcoin Move Nets Investor $13.5M in Just Days
A cryptocurrency #investor netted $13.5 million in just four days, capitalizing on Bitcoin's price volatility
Strategic investment or timely luck?
Market optimistic amid skepticism
A cryptocurrency investor managed to net approximately $13.5 million in profits within a mere four days through strategic Bitcoin transactions.
According to Lookonchain, a blockchain analytics platform, the investor initially withdrew 2,742 Bitcoins valued at $118.66 million from Binance, a leading cryptocurrency exchange, when the price of Bitcoin was $43,277.
Following a significant price increase, the investor then redeposited the same amount of Bitcoin, now valued at $132 million, back into Binance at a price of $48,193 per Bitcoin.
Strategic investment or timely luck?
This lucrative maneuver came just before Bitcoin's price witnessed a slight increase, solidifying at $48,250.37, according to the latest latest market data.
The timing of the transactions suggests a well-calculated strategy, leveraging the volatility of the cryptocurrency market to the investor's advantage.
However, some observers question whether the investor could have achieved even higher returns had they waited longer, especially considering the current market trends and the potential for Bitcoin's price to climb further.
Market #Optimistic amid skepticism
Despite the skepticism that often surrounds the #cryptocurrencymarket , analysts like Ali (@ali_charts ) emphasize that Bitcoin has maintained robust support levels.
Such support levels, they argue, could outweigh resistance in the market, potentially paving the way for Bitcoin's price to soar to higher resistance levels around $57,000. #TrendingTopic $BTC
A cryptocurrency #investor netted $13.5 million in just four days, capitalizing on Bitcoin's price volatility
Strategic investment or timely luck?
Market optimistic amid skepticism
A cryptocurrency investor managed to net approximately $13.5 million in profits within a mere four days through strategic Bitcoin transactions.
According to Lookonchain, a blockchain analytics platform, the investor initially withdrew 2,742 Bitcoins valued at $118.66 million from Binance, a leading cryptocurrency exchange, when the price of Bitcoin was $43,277.
Following a significant price increase, the investor then redeposited the same amount of Bitcoin, now valued at $132 million, back into Binance at a price of $48,193 per Bitcoin.
Strategic investment or timely luck?
This lucrative maneuver came just before Bitcoin's price witnessed a slight increase, solidifying at $48,250.37, according to the latest latest market data.
The timing of the transactions suggests a well-calculated strategy, leveraging the volatility of the cryptocurrency market to the investor's advantage.
However, some observers question whether the investor could have achieved even higher returns had they waited longer, especially considering the current market trends and the potential for Bitcoin's price to climb further.
Market #Optimistic amid skepticism
Despite the skepticism that often surrounds the #cryptocurrencymarket , analysts like Ali (@ali_charts ) emphasize that Bitcoin has maintained robust support levels.
Such support levels, they argue, could outweigh resistance in the market, potentially paving the way for Bitcoin's price to soar to higher resistance levels around $57,000. #TrendingTopic $BTC
📈 $BTC surges over 2% in the past 24 hours, reaching $69,035, as buoyant equity markets lift #investor sentiment.
Major European and UK indices are in the green, with FTSE 100 up 13.48 points and Stoxx 600 gaining 0.44%.
#BitcoinSurge #marketsentiment #bitcointrading #TrendingTopic
Major European and UK indices are in the green, with FTSE 100 up 13.48 points and Stoxx 600 gaining 0.44%.
#BitcoinSurge #marketsentiment #bitcointrading #TrendingTopic
Bitcoin Hash-Rate Hits an All-Time High, Is a Rally Impending?
#Write2Earn Bitcoin hash rate reaches an all-time high of over 500 exahashes/sec, indicating enhanced network security and potential market upswing.Image Courtesy of PxhereThe #Bitcoinnetwork has recorded an all-time high hash rate exceeding 500 exahashes per second. This growth #signals a robust increase in the computational power securing the blockchain. Essentially, the hash rate measures the processing power committed to Bitcoin’s network, indicating the number of complex calculations the system can perform per second.Significance of the Hash Rate SurgeThis surge in hash rate carries profound implications for the network. Firstly, it enhances network security. A high hash rate means more computational resources are necessary to alter blockchain data, significantly reducing the odds of successful cyber attacks. Consequently, the #bitcoinecosystem becomes increasingly fortified against potential threats. $BTC hash rate ( Exahashes/ second)Moreover, this rise in hash rate reflects the growing participation of miners, suggesting a buoyant and expanding network. Additionally, Bitcoin’s protocol autonomously adjusts the mining difficulty in response to hash rate changes, maintaining a consistent block discovery rate and the predictability of Bitcoin’s supply.Miners’ Commitment and #investor ConfidenceThe increasing hash rate also demonstrates miners’ continued commitment, investing heavily in advanced mining equipment and energy. For investors, a robust hash rate is a beacon of a strong and reliable network, often translating into heightened confidence in Bitcoin’s long-term viability.Elmandjra’s Perspective from $ARK InvestYassine Elmandjra from ARK Invest has provided insights into this development. He highlights the sheer scale of Bitcoin’s computational power, dwarfing traditional metrics and benchmarks. For instance, the network’s processing capability is equivalent to executing billions of computations for each star in our galaxy. It would take millennia for the entire human population, each performing one hash per second, to match this feat. Unlike the world’s most powerful supercomputers, Bitcoin’s network stands approximately 500 times more potent.Echoing Elmandjra’s sentiments, Anthony Pompliano of Pomp Investments underscores the importance of this milestone. He reiterates the significance of this record-setting hash rate for investors, reinforcing Bitcoin’s stature as the world’s most powerful computing network.Consequently, this milestone in Bitcoin’s hash rate might suggest an impending rally in the crypto market. In addition, historically, a strong hash rate has often correlated with increased investor confidence and market growth. As the network grows stronger and more secure, it potentially sets the stage for a positive shift in Bitcoin’s market dynamics.BTC/USD Price TrendDespite the bullish implications of a high hash rate, the $BTC /USD market shows a mixed response, as evidenced by the recent price movements. Concurrently, despite a bull-bear fight for dominance in the Bitcoin market in the last 24 hours, support at the intra-day low of $41,446 held strong. BTC/USD 24-hour price chart (source: CoinMarketCap)As a result, bulls nullified the bearish trend, soaring BTC price to a 24-hour high of $41,877 before facing resistance. However, BTC was trading at $41,660.48 at press time, a 0.23% surge from the day’s low.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice.
lBitcoin at Crossroads: Analyst Eyes $43k Level for Price Direction
#sol With Bitcoin's future tied to $43k support, a drop may lead to $37k, yet regulatory shifts and global acceptance suggest $50k by Jan 2024.According to crypto analyst Ali Charts, Bitcoin’s next move is tied closely to its ability to maintain the $43k support level. A dip below this critical threshold could see the cryptocurrency sliding to $37,000. Conversely, holding above this mark may set the stage for an upward trajectory towards $47,360.Bitcoin Price AnalysisAs per the latest data from Coingape, Bitcoin trades at $43,780, a 0.15% dip from the intra-day high. However, it has seen a 3.40% increase in value over the past week. The trading volume exceeding $13 billion signifies a high level of market activity and investor interest despite the 36% dip in the last day. These figures highlight the delicate balance Bitcoin holds, teetering between potential gains and losses.BTC/USD price chartThe Impact of Regulatory Changes and PredictionsAdding complexity to Ali’s analysis is the potential approval of spot #BitcoinETFs in the U.S. Such a development could significantly boost Bitcoin and the broader crypto market. Matrixport, with a notable record in crypto forecasting, has made a bold prediction in this context. They foresee Bitcoin hitting $50,000 by January 2024, a forecast backed by their successful track record, including a prescient call in December 2022 when Bitcoin was valued at $17,000.Global Shifts in Crypto AcceptanceThe global landscape is also changing in favor of digital assets. Argentina’s recent move to allow Bitcoin in contractual agreements under President Javier Milei’s administration is a testament to this shift. Furthermore, the Central Bank of Nigeria’s reversal of its #CryptoTransactions ban marks a significant change in its approach to the burgeoning crypto market. These developments are part of a larger trend where governments are recalibrating their attitudes toward digital currencies, influencing market dynamics and #investor sentiments.🗣🗣Empower Our Mission: Tips For Dedicated Service. 🗣🗣👉Users are encouraged to support the mission by offering generous tips.🗣This empowers creators to work even harder, ensuring the continued delivery of top-notch investment advice. #NEAR @Àża 1
