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šŸ‡ŗšŸ‡ø Donald Trump says he will "end Joe Biden's war on crypto, and ensure that the future of crypto and the future of Bitcoin will be made in America."
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šŸ‹ PEPE Whale Shifts Focus To Ethereum As ETF Optimism Builds The latest on-chain insights reveal that a crypto market whale has strategically switched funds from PEPE to ETH amid optimism building up around the launch of an Ethereum ETF. Following the submission of eight S-1 amendment filings, this swap of funds has emerged, portraying optimism for ETHā€™s future price movements. Meanwhile, itā€™s worth noting that Pepe coin has also recently emerged as the talk of the crypto town, surging to unprecedented levels. So, letā€™s take a deeper dive into the whaleā€™s strategic investments and what it could mean for future market performances. šŸ”ø Whale Diverts Funds To ETH According to data revealed by EmberCN on June 28, the whale 0x837 has been recorded switching 1.4 trillion PEPE to 2,646Ā ETH. The trader transferred 1.4 trillionĀ PEPE, worth $18.01 million, to Binance. Subsequently, a withdrawal of $9.04 million worth of ETH took place from the same exchange. Itā€™s worth noting that these accumulations happened at an average price of $3,416. Also, market sentiments have tilted towards optimistic for Ethereum, primarily with the whaleā€™s massive accumulation. The whale activity also comes in light of recent optimism on theĀ ETH ETF. As mentioned above, eight firms, including BlackRock, Fidelity, 21Shares, Grayscale, Franklin Templeton, VanEck, iShares, and Invesco, have submitted S-1 amendment filings. Nate Geraci, ETFstore President, further took the stage to claim that the ETH ETF launch is imminent, expected to be in 2-3 weeks. Meanwhile, ETH & PEPE prices experienced considerable gains today. šŸ”ø ETH & PEPE Price Performance While writing,Ā PEPEā€™s priceĀ showed a 1.39% upswing to trade at $0.00001244. On the other hand, theĀ ETH priceĀ chart showed a 0.86% upswing in value to $3,453.94. šŸ”ŗ Also Read: LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders
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šŸš€ LISTA DAO makes the world of defi easier and wants to give a lot of percentage to their holders ! Lista (LISTA) is a DAO focused on liquid staking and decentralized stablecoins. Formed from the merger of Helio Protocol and Synclub, it aims to provide a unified platform for staking, liquid staking, and stablecoin borrowing, all supported by its governance token, LISTA. šŸ”ø Further, LISTA provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on Lista DAO, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. LISTA is an integral and indispensable part of Lista DAO, because without LISTA, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional LISTA will be awarded to a user based only on its actual usage, activity and efforts made on Lista DAO and/or proportionate to the frequency and volume of transactions. šŸ”ø slisBNB is the yield bearing & liquid staking token for Synclub, which appreciates against BNB in line with BNBā€™s staking APR. Unlike traditional staking, where staked assets are locked in the contract, liquid staked tokens can be transacted or used as collateral to earn yield across the DeFi ecosystem. With slisBNB, users have the freedom to earn additional yields on different DeFi platforms while earning staking rewards passively. šŸ”ø Similar to lisUSD, LISTA token is a medium of exchange in its own right, which can be swapped or put in a farming pool on a DEX at the userā€™s discretion, e.g. to maximise their capital efficiency, obtain borrowings, and/or compound their yield. Users would be able to earn $LISTA tokens for their participation and engagement with the protocol, for example depositing or staking with Lista DAO, performing transactions, and/or engaging in governance. #ListaNewEra #Lista @ListaDAO
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šŸ”„ Here is Shiba Inu Price if Bitcoin Hits $325K and ETH $22K as Predicted by VanEck Shiba Inu price could exceed $0.0001 if SHIB trails the prices of Bitcoin and Ethereum should they hit $325K and $22K as predicted by VanEck. Despite the market uncertainty, analysts at leading asset manager VanEck have made bullish price projections. These predictions are rooted on extensive research based on prevailing market conditions. Interestingly, should they materialize, they could have far-reaching effects on assets such as Shiba Inu. šŸ”ø Shiba Inu Price Correlation with BTC and ETH Due to the price correlation that exists in the crypto market, if any of both of these assets hit these levels, Shiba Inuā€™s price could react positively. IntoTheBlock data indicates that SHIB witnesses a 30-day price correlation of 85% with Bitcoin. Interestingly, the data shows thatĀ Shiba Inuā€™s price correlationĀ with Ethereum is much higher within this timeframe, sitting at 94%. This 94% correlation confirms that SHIB has followed Ethereumā€™s footsteps more. However, the price correlation of 85% with BTC is also on the high side. As a result, if Ethereum andĀ BitcoinĀ clinch their bull case targets from VanEck, Shiba Inu price could see a similar surge. The Crypto Basic assessed how much SHIB could rise if it grew at the average rate of these projected surges. Notably, the average percentage rise for VanEckā€™s projections stands at 481%. šŸ”ø Shiba Inu Price Could Breach $0.0001 Meanwhile, Shiba Inuā€™s price has changed hands at $0.00001747 amid a 1.63% rise over the past 24 hours. If SHIB increases by an average of 481% from this level, its price will breach the much-coveted $0.0001 level to hit a high of $0.0001015. So SHIB can reach $0.0001015 if Bitcoin rises to $325,000 and ETH $22,000.Ā This would mark a new all-time high for the Shiba Inu price and the elimination of one leading zero. Interestingly, multiple analysts have set the $0.0001 level as a potential target for Shiba Inu across several analyses. $SHIB #SHIB
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šŸ“£ Arbitrum (ARB) Price Poised to Chart a New All-Time Low Arbitrumā€™s (ARB) price is in for a major drawdown looking at not just the chart pattern but also the investorsā€™ behavior. Whether ARB ends up dropping to $0 or save skin before then is something to look out for. šŸ”ø Arbitrum Investors Prepared for Losses Arbitrumā€™s price could be looking at a new all-time low as the optimism among ARB holders has completely vanished. Arbitrum investors have been experiencing consistent losses on their transactions since mid-April. This ongoing trend is clearly highlighted by the Realized Profit/Loss metric, which underscores the financial challenges faced by the investors. The persistent losses have significantly impacted investor sentiment, leading to a noticeable shift in behavior. Previously, many investors adopted a HODLing strategy, holding onto their assets in anticipation of long-term gains. However, the sentiment of HODLing among Arbitrum investors has completely disappeared. The prolonged period of losses has eroded their confidence in this approach. As a result, investors are now focusing on distribution strategies, as indicated by the mean coin age metric. Mean coin age measures the average age of all coins in a network, reflecting how long theyā€™ve been held without being moved. An increasing mean coin age suggests accumulation and holding, while a decreasing age indicates higher trading activity. This shift suggests a preference for liquidating assets rather than holding onto them, reflecting a more cautious and reactive investment approach. šŸ”ø ARB Price Prediction: Forming New Lows Arbitrumā€™s price is observing the formation of a head and shoulders pattern. The head and shoulders pattern is a bearish chart formation indicating a potential trend reversal. It consists of three peaks: a higher middle peak (head) between two lower peaks (shoulders). Based on the technical pattern, the potential drawdown could send the altcoin down to $0 as the target is 100% below the neckline at $0.92. $ARB #ARB
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