Bitcoin Dominance is gradually decreasing, which is a positive signal for altcoins. Let's observe whether Dominance will break below the support area of 55%. This break will continue the upward trend in altcoins.
Bitcoin has rebounded after a liquidity grab and is now approaching the $65,000 resistance level. The Bitcoin halving has been completed and there hasn't been much selling activity in the market as of yet. It's possible that we may see some sideways movement over the weekend, with a potential for some significant movements on Monday.
IRAN ATTACK ON ISRAEL - Over 50 Iranian drones have been launched towards Israel - Set to take several hours before reaching Israeli airspace - Drone activity sighted over Iraq - Airspace of Iran, Jordan and Israel set to be shut - Israeli military and air defenses on high alert - First direct Iranian attack on Israeli territory
#Crypto #Market is dumping so get ready for investment. Hopefully this is good opportunity. Keep two things in mind:- 1- Always investment that amount which you can lose. 2- Always investment in Spot Tarde of strong projects if you are a small equity trader.
Bitcoin has broken above the $70,000 level and is now trading above it, with the opening of the US market bringing good upward momentum to BTC. We may see a continuation of the upward movement and possibly a break of the all-time high. The next resistance is the $75,000 level.
In short, liquid staking is the tokenization of staked assets. We can think of it as an evolved version of traditional staking.
Conventional staking involves locking assets on a Proof of Stake (PoS) blockchain for a chance to receive rewards while contributing to the network’s security. However, this process often comes with a trade-off, as staked assets are typically illiquid (locked) during the staking period.
Liquid staking addresses this liquidity issue by introducing a mechanism where users receive liquid staking tokens (LSTs) in exchange for their staked assets. For example, if you stake ETH on a platform like Lido, you will receive stETH tokens in return. This gives staked tokens more utility, as users can benefit from staking rewards without compromising liquidity.
Why Does Liquid Staking Matter?
Liquid staking addresses the liquidity issue associated with traditional staking, providing users with greater flexibility and accessibility to their staked assets.
Platforms like Lido can offer users the opportunity to tokenize their staked assets into LSTs that can then be freely traded, used in decentralized finance (DeFi) applications, or leveraged as collateral without waiting for the staking period to conclude.
In addition, liquid staking contributes to the overall growth and adoption of blockchain networks by encouraging more active participation from users who may have been hesitant to lock up their assets for extended periods.
Bitcoin has broken above the $70,000 level and is now trading above it. This indicates that we may see a move towards a new all-time high anytime soon. As expected, BTC continued to move up after the US market opened yesterday. There is strong buying pressure from spot BTC ETFs and sellers seem to be running out of coins.
#ADA/USD is experiencing a significant surge, breaking through resistance levels and establishing them as solid support. This bullish momentum suggests a potential rally towards a new all-time high of $3.5, with various key levels indicating strong upward movement. Investors are closely monitoring this development, anticipating further gains in the near future.
DOGE continues to climb following a retest, with our long position now boasting a peak profit of over 80% from our initial entry. Speculation suggests that X (previously Twitter) payments may soon embrace DOGE coin, fueling the surge. If you're holding long positions, it's advisable to implement a trailing stop loss to optimize potential gains.
#Sand coin is currently trading as an underperformer, priced at $0.6460. However, there's immense potential for a significant pump in the near future. For those holding Sand, it's advisable to remain patient as the coin has the potential to reach levels around $2 soon. Unlike other cheaper coins, Sand is considered a blue-chip coin, offering stability and promising prospects. While BTC has surged to 4.5 times its bottom levels, Sand is still trading at comparatively low levels, presenting an attractive opportunity for investors. #HotTrends #SANDUSTD $SAND
$AEVO is a decentralized derivatives exchange platform that leverages blockchain technology to provide a secure and efficient trading environment. It combines the flexibility of traditional options trading with the transparency of blockchain-based finance. Launched in 2022, Aevo aims to become the market leader in blockchain-based options trading with the support of DeFi giant Ribbon Finance. The platform uses a custom EVM roll-up that rolls up to Ethereum and operates an off-chain orderbook with on-chain settlements. This means that once orders are matched, trades get executed and settled with smart contracts. Aevo has processed over $10 billion in options trading volume since 2020. $AEVO is the native currency of the Aevo platform and it offers several benefits, such as access to the Aevo Layer 2 (L2) network, which is powered by the Aevo L2 network and utilizes the OP Stack framework. At the time of writing, the total supply of AEVO tokens is 1 billion, with a circulating supply of 110 million tokens.
If you like this post, please give like and follow us.
The global cryptocurrency market cap now stands at $2.77T, up by 2.35% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $71,635 and $73,777 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $73,413, down by -0.03%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include AEVO, WIF, and ZRX, up by 199%, 38%, and 26%, respectively.