After $BTC reached it's ATH in 2017, the correction lasted 21 days. After that, we saw a parabolic rally. After $BTC reached it's ATH in 2020, the correction lasted 21 days. After that, we saw a parabolic rally. Same scenario in 2024?
Don't take Entry Now Or enter with small amounts Only 1% Correction is expected upto 55Kā¦
It's officially Fed week, the week we've all been waiting for.
Bitcoin Price action remains quite choppy for the past 2-3 days. If we don't reclaim 70k, any bad news from any such event might have a catastrophic effect and can send btc to 60k.
Crypto Fundamental Analysis Crypto fundamental analysis involves evaluating the most intrinsic factors affecting the value of crypto projects. Similar to traditional financial analysis used for the stock market, it analyzes the unique features of crypto assets. As a new crypto investor, understanding how to evaluate crypto tokens is crucial. The objective of crypto fundamental analysis is to find the correct value of a crypto token and determine if it is overvalued or undervalued. Key Factors to Consider: Team Background: The team behind a crypto project plays a critical role in its success. Research their history, experience, and cohesion as a team.White Paper Evaluation: Read the white papers of crypto projects to understand their strategies and goals. It serves as a roadmap for the crypto token.Project State: Check if the project has an existing blockchain network, MVP (Minimum Viable Product), or proof of concept. Avoid investing in projects that havenāt started development.Website and Social Media: Visit the projectās website to learn about its features and offerings. Analyze how well they engage with their community on social media platforms like Twitter, Reddit, or Discord. Remember that the crypto market is volatile, and prices can swing significantly. Conduct thorough research before investing in any crypto project.
Remember to always do your due diligence and stay informed when investing in crypto projects. Happy investing! šš
ETHFI, the governance token of the largest liquid restaking protocolĀ Ether.Fi, debuted at $4.13 after the token was distributed via an airdrop and to participants of a Binance Launchpad round. The token has since slumped by more than 20%. At the time of writing, ETHFI is trading at $3.60 on Binance and recorded a trading volume of over $118 million in the first 45 minutes of trading. The token had a fully diluted value (FDV), the market value of a token if the entire supply ends up in circulation, of $3.6 billion. More thanĀ $2 billion worth of the FDUSD stablecoinĀ andĀ 17.3 million BNB ($10 billion)Ā were staked on the Binance Launchpad. Launchpad stakers receive an allocation of ETHFI relative to the amount they staked. Several of the recently-listed tokens on Binanceās launchpad slumped after release: ARKM dropped from its debut price of 90 cents to 30 cents, while PORTAL fell from $3.60 to $2.08 three after being issued. The max supply of ETHFI is capped at one billion, with 20 million tokens being allocated to the Binance Launchpad and 60 million tokens being set aside for āseason oneā of the token airdrop, which ended on March 15. An additional 50 million tokens will be distributed after āseason two.ā Investors will receive 32.5% of the tokenās total supply over the course of a two-year vesting schedule, whilst core contributors will receive 23.26% over three years. The initial circulating supply will be 115.2 million tokens. Ether.Fi's total value locked (TVL) has surged 117% in the last 30 days with total deposits approaching $3 billion, according toĀ DefiLlama. Restaking is a strategy used by those that stake etherĀ (ETH)Ā and want to generate additional yield. By using a protocol like Ether.Fi, stakers receive a liquid restaking token (LRT) that can be used elsewhere on other protocols, they also receive loyalty points that can be converted into a token airdrop.