#EGLD/USDT 🔴 SHORT 🔺Entry🔻: 39.14 - 39.49 ⭐️ Target: 3 | Airdrop Hunter TR on Binance Square

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Bullish

#EGLD/USDT

🔴 SHORT

🔺Entry🔻: 39.14 - 39.49

⭐️ Target: 38.97 - 38.80 - 38.53 - 38.25 - 38.01 - 37.43

♦️ StopLoss : 40.03

🔱 Leverage: 20x

#ETHETFS  #altcoins  #BlackRock  #MicroStrategy

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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5 popular altcoins that will be unlocked next week. Cryptocurrency markets appear to be declining after the rise on the first day of the week, giving back half of their gains. While cryptocurrencies generally continue their downward trend on the last business day of the week, the reported lock openings have the potential to put additional pressure on the relevant altcoins. According to Token Unlocks' report, a total of $376.27 million worth of crypto assets are planned to be unlocked in the coming week. Among the major altcoins whose supply will increase with the lock opening between May 27 and June 2, #Optimism (OP), Sui (SUI), #Ethena (ENA), #1inchCard (1INCH), dYdX (DYDX) are at the top. According to the report, OP tokens worth $82.12 million, representing 2.88% of the circulating supply on the Optimism network, will be released on May 31. It is expected that this activity may increase the volatility of the altcoin due to the high amount of OP to be unlocked. On June 1, $70.35 million worth of #SUI will be released, accounting for 2.78% of the circulating supply. Additionally, 11.91% of DYDX's circulating supply and $47.97 million worth of ENA tokens will be unlocked on the same date. Effect of lock openings on altcoin prices While altcoin investors have been closely monitoring the tokens to be unlocked recently, the prevailing idea is that these activities, which will increase the supply of the relevant crypto asset, may put pressure on the price of the asset. Both the expectation of a sale and the situation of buyers selling these assets can sometimes negatively affect the price of the unlocked altcoin. $OP $1INCH $SUI #ETHETFsApproved #FIT21 #EarnFreeCrypto2024 #PEPE‏ #btc70k

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Crypto – Ethereum ETF: Despite approval, price doesn’t rise! Why? 🕵️ The recent approval of Ethereum ETFs has been met with anticipation by the crypto community. However, contrary to expectations, the price of Ether has not seen a significant increase. Here’s why! Technical and Psychological Factors After a long wait, Ethereum ETFs were finally approved by the SEC, marking a victory for the crypto industry. However, the price of Ether remains stable, with an increase of barely 1% on its price. Several factors can explain this phenomenon. Firstly, it is important to understand that the crypto market is influenced by a multitude of technical and psychological factors. The approval of Ethereum ETFs was a widely anticipated event, and it is possible that the price had already factored in this news beforehand, following the logic of “buy the rumor, sell the news.” Furthermore, the market’s reaction can be compared to that observed during the approval of Bitcoin ETFs. Although positive, it was more moderate than expected. Investors might thus adopt a more cautious approach, having learned from past events. Crypto: Regulatory Uncertainties on Ether Regulatory uncertainties also play an important role. The SEC has shown a cautious approach towards cryptos, and questions still remain regarding the classification of Ether as a security or a commodity, which could affect investment decisions. Despite this, the approval of Ethereum ETFs is a step forward towards wider acceptance of crypto. It offers traditional investors a regulated and more accessible way to invest in Ether, which could eventually support a price increase. Finally, while the approval of Ethereum ETFs is a positive development, the crypto market remains complex and unpredictable. Investors must stay informed and cautious, taking into account the multiple factors influencing prices. #ETHETFS #ETH #ETHETFsApproved #FIT21 #EarnFreeCrypto2024

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