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Wondering why the market is fluctuating? #EarnFreeCrypto2024 As we kick off a short week, investors in a range of speculative assets are seeing selling pressure build. Of course, there are plenty of macro reasons for this trepidation. Some rather important inflation readings are due later this week, which could impact everything from growth stocks to commodities to cryptocurrencies. Everything is tied to interest rates these days. In the crypto world, Bitcoin $BTC , Ethereum $ETH , and Dogecoin $DOGE are among the megacap tokens seeing declines today. Over the past 24 hours, these three top tokens have slumped 3.8%, 3.5%, and 4%, respectively, as of 2:30 p.m. ET. Let's dive into what's driving today's price action in these top tokens. Enthusiasm over key catalysts wears off Investors in these three megacap tokens have certainly had quite the run over the past few weeks, and really since the beginning of the year. Bitcoin started the party off with the approval of a dozen spot exchange-traded fund (ETF) products, which conjured up some significant demand for its token. In combination with a halving event, which saw the amount of newly minted Bitcoin slashed in half, this created a supply-and-demand dynamic investors liked. Ethereum recently saw similar catalysts take hold, with the Securities and Exchange Commission (SEC) approving spot Ethereum ETFs last week as well. Additionally, previous upgrades have resulted in Ethereum becoming less inflationary, and depending on the day, deflationary based on token burn metrics relative to transaction volumes. As a more speculative asset, Dogecoin has ridden market momentum higher. But with these catalysts now seemingly in the rearview mirror (it's really amazing how quickly the market adjusts to news, particularly in this space), some investors may be looking to sell into this news and wait patiently for another catalyst to take hold. A similar "sell the news" effect took place immediately following the anticipated approval of spot Bitcoin ETFs earlier this year.

$MANTA Manta announced the launch of CeDeFi on May 19, describing the product as generating both CeFi and DeFi yields in parallel. Yields are earned through a combination of DeFi yields on the Manta Pacific chain alongside stablecoin funding rate arbitrage on centralized exchanges. Custody services are provided by Ceffu, formerly Binance Custody. Binance Custody launched in December 2021 and rebranded to Ceffu in February 2023. Assets deposited to Manta CeDeFi are held by Ceffu, with users receiving on-chain “liquid custody tokens” representing their holdings on Manta Pacific that can be used for on-chain DeFi. Funds are also “mirrored” to represent assets on the Binance centralized exchange via Ceffu’s MirrorX service, facilitating the execution of CeFi strategies. “Ceffu generates revenue through Delta-neutral, low-risk trading strategies enabled by MirrorX,” 1. Research the Project: Understand what $MANTA is, its purpose, technology, team, and roadmap. Look for reputable sources of information. Manta CeDeFi currently supports deposits in the form of ETH, StakeStone’s Ether liquid staking token, STONE, Bitcoin tokens wBTC and BTCB, and the stablecoins USDT, USDC, and wUSDM. 2. Evaluate the Team: Assess the team's experience, expertise, and track record in the industry. 3. Analyze the Market: Look at the market demand for the project's solution and the potential for growth. 4. Assess Risk: Consider the risks associated with investing in $MANTA, such as regulatory, technological, and market risks. 5. Diversify Your Portfolio: Don't put all your funds into a single asset. Diversify across different assets to spread risk. 6. Use Dollar-Cost Averaging: Instead of investing a lump sum, consider investing a fixed amount regularly over time to reduce the impact of market volatility. 7. Set Realistic Expectations: Understand that all investments carry some level of risk, and there are no guarantees of $MANTA #MantaRWA

Has P2E evolved? South Korean toilet turns excrement into power and digital currency literally "Poop to earn". Cho Jae-weon, an urban and environmental engineering professor at the Ulsan National Institute of Science and Technology (UNIST), has designed an eco-friendly toilet connected to a laboratory that uses excrement to produce biogas and manure. The BeeVi toilet - a portmanteau of the words bee and vision - uses a vacuum pump to send faeces into an underground tank, reducing water use. There, microorganisms break down the waste to methane, which becomes a source of energy for the building, powering a gas stove, hot-water boiler and solid oxide fuel cell. "If we think out of the box, faeces has precious value to make energy and manure. I have put this value into ecological circulation," Cho said. An average person defecates about 500g a day, which can be converted to 50 litres of methane gas, the environmental engineer said. This gas can generate 0.5kWh of electricity or be used to drive a car for about 1.2km (0.75 miles). Cho has devised a virtual currency called Ggool, which means honey in Korean. Each person using the eco-friendly toilet earns 10 Ggool a day. #P2E #alts #ETHETFsApproved #BullRunAhead $BTC $ETH $BNB

Ethereum $ETH #ETHETFS expectations According to IntoTheBlock's research, 95% of current ETH positions are now profitable, with its price increasing by 30% over the past seven days. This level of profitability has not been observed since November 2021, when ETH prices soared to an all-time high. There is minimal resistance to the volume of ETH purchased at prices higher than current levels. Specifically, 3.57 million ETH were bought in the price range of $3,800 to $4,800, compared to 53.54 million ETH purchased between $2,160 and $2,650. ETH whales have also begun to make significant moves, following the increased odds of ETF approval. On Tuesday the 21st, ETH recorded an on-chain trading volume of $15.98 billion, marking the highest volume recorded since June 13, 2022. Of the $15.98 billion in trading volume recorded, $14.33 billion came from transactions exceeding $100,000, typically conducted by whales. This represents 90% of the total traded volume for this day. This trend could be expected to accelerate now that the ETFs have indeed been approved. The approval of the ETH ETFs marks a significant milestone in cryptocurrency acceptance, likely influencing increased activity among ETH whales as reflected by recent large-volume transactions. The shifting landscape, underscored by substantial on-chain trading volumes, suggests a growing institutional and investor confidence in Ethereum.

Ethereum$ETH and Bitcoin $BTC Correlation: Will Ether Price Pick Up Pace? BTC/ETH correlation coefficient The BTC/ETH correlation refers to the price relationship between Bitcoin (BTC) and Ethereum (ETH), typically expressed in terms of BTC. For example, if Bitcoin is priced at $60,000 and Ethereum at $3,000, the ratio is 0.05, meaning it costs 0.05 BTC to buy one ETH. If ETH's price increases faster than BTC's, the ratio rises, indicating it costs more BTC to buy ETH. Another measure of this relationship is the correlation coefficient, ranging from -1 to 1. A coefficient of 1 indicates that BTC and ETH move in the same direction, -1 indicates they move in opposite directions, and 0 signifies no correlation. For instance, during periods of negative correlation, if BTC's price rises, ETH's price would fall, and vice versa. Thus, the BTC/ETH correlation shows the price relationship between the two assets, while the correlation coefficient measures how their prices move relative to each other. Both metrics are crucial for efficiently trading the BTC/ETH correlation. Historic correlation Historical data shows that Ethereum tends to be priced higher during bull markets. For instance, ETH was priced above 0.05 BTC during the bull runs of 2018 and 2021. After 2021, the 0.05 BTC level has consistently served as a strong support region. Conversely, the 0.08 BTC level has acted as significant resistance on three separate occasions. During the BTC bull run, the correlation had been steadily growing, peaking on March 14, when the BTC price reached an ATH. #Bitcoin #Ethereum

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