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Foggi_Crypto
Bullish
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At the end of this month, i thought SOL will go pass 200. Will you believe me 🤩 $SOL
At the end of this month, i thought
SOL
will go pass 200. Will you believe me 🤩
$SOL
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We are still positive on the daily chart, but a pullback may be necessary according to the 4-hour chart. In the short run, a retreat is likely given the chance presented by the false breakout of the wedge in Figure 2. Opportunities are opportunities, of course. I advise against shorting. Your long orders might simply be fulfilled by intraday traders. Any level is waiting to take control here for a retreat. It's a positive trend if the retreat stays below 65K. It's still a positive pullback. There shouldn't be anything to complain about because this wave of optimism has been increasing steadily~🤔 Bullishness is the only feeling, regardless of BTC or ETH. Is it unclear?$BTC
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Near price has broken through the trend line and $7.8 resistance. This consolidation above looks positive. Must continue growing from there.$$NEAR
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First Mover Americas: BTC, ETH Little Changed Ahead of Ether ETF Decision Bitcoin (BTC) and ether (ETH) were little changed, suggesting a consolidation after last week's rally. BTC traded at around $67,000 while ETH held steady about $3,100. The wider digital asset market as measured by the CoinDesk 20 Index (CD20) has added 0.3% in the last 24 hours. This week, attention will turn to the SEC's decision on the approval of ether exchange-traded funds (ETFs), with the deadline for a response to VanEck's and Ark/21 Shares' applications due on May 23 and May 24, respectively. Traders may be keeping their powder dry until then.$ETH
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The Approval of Spot Ethereum ETFs Is Not Going as Planned The approval of spot Bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission (SEC) in January 2024 triggered a substantial rise in the bitcoin price. Also, interest in the proposed spot Ethereum ETF has increased. If approved, it could spark another rally in the cryptocurrency market. Are there any opportunities to make money on the eve of the decision to approve the spot Ethereum ETFs scheduled for 23 May 2024? Octa broker's analysts discuss in the article. Understanding Spot Ethereum ETFs Before discussing the features of spot Ethereum ETFs, it is essential to emphasise that they have yet to be approved for trading in the U.S.—but futures Ethereum ETFs have been available for quite some time. Therefore, it is essential to understand the difference. In a spot market, assets such as commodities, currencies, and securities are exchanged for immediate delivery. The same is true for the much-anticipated spot Ethereum ETFs, as they offer a more straightforward and transparent approach than futures ETFs, which buy derivatives without directly owning the asset. By purchasing cryptocurrency directly, the fund tracks the price of the benchmark cryptocurrency more accurately. Due to the more straightforward purchase process, such an investment offers greater profitability and lower management costs. This is the reason for the public excitement around the approval of the spot Ethereum ETF, scheduled for 23 May 2024. #ETHETFS #ETFvsBTC #Write&Earn #writetoearn
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Crypto trader turns $3K into $46M in one month as PEPE price soars A savvy trader made $46 million in profit, which is an eye-watering 15,718-fold return on his initial $3,000 investment. The unknown wallet bought 4.9 trillion PEPE for $3,000 on April 15, which is currently worth over $56 million. The trader sold 1.41 trillion PEPE for $7.4 million and is currently sitting on 3.5 trillion PEPE, worth $38.9 million, according to a May 15 X post from Lookonchain. PEPE’s market capitalization was around $4.5 billion on May 15, making it the third-largest memecoin behind Dogecoin (DOGE) and Shiba Inu (SHIB). Vitalik Buterin proposes Ethereum gas model overhaul Ethereum co-founder Vitalik Buterin has proposed Ethereum improvement protocol, EIP-7706, which introduces a new gas model for transaction call data. This new fee would be separate from the existing gas fees for transaction execution and data storage. The proposal aims to reduce costs for transactions that are data-heavy but not computationally intensive by setting separate charges for call data, distinct from the costs of executing contract code or storing data in “blobs.” If the proposal is accepted, the Ethereum network will be responsible for setting the call data costs independently of other costs. #ETHETFS #Shib #PEPEATH #Write&Earn #writetoearn
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