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#MarketSentimentToday $BTC $ETH $BNB Javier Milley confirms his support for Bitcoin and cryptocurrencies to support Argentina's economy In a recent statement, Argentine President Javier Milley reiterated his support for the use of Bitcoin (BTC) and other currencies in the national economy. #CertiKvsKraken Bitcoin and Beyond: Milly's Vision for Argentina's Free Currency Competition Milley's statement responded to Gabor Gurbacs, former director of digital asset strategy at VanEck, who responded to his tweet welcoming "Bitcoin for everyone." #CPIAlert Milley stressed that his administration would allow free competition for currencies, including Bitcoin and other assets such as West Texas Intermediate (WTI) oil and British thermal units (BTU). “There will be free competition for currencies, so if you want to use Bitcoin, there will be no problems. You can also use other units, such as WTI, BTU, and the unit that is most suitable for your business. It is more from an accounting point of view. It is solved by the functional currency method.” From a different perspective, Milley's statement can be seen as inspired by the Nayib Bukele administration in El Salvador, which allowed the free trading of Bitcoin. However, the Argentine context is slightly different from El Salvador. The country is struggling with inflation from previous years and tax uncertainty associated with cryptocurrencies. In addition, Argentina has a marked preference for stablecoins as a means of payment. Despite these challenges, Mele remains determined to institutionalize more Bitcoin in the Argentine economy, albeit “in his own way.” In December 2023, the Minister of Foreign Affairs, International Trade and Worship confirmed that the government would allow contracts in Bitcoin, raising hope in the crypto community. Milley's administration has also faced criticism.
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#MarketSentimentToday Crypto Analyst: Despite the decline, I am more optimistic about cryptocurrencies than ever $BTC Recent industry insights indicate that the future of cryptocurrencies is bullish. Continued advances in blockchain technology and favorable regulatory developments contribute to this optimistic outlook. $ETH Analysts note the great potential of cryptocurrencies to transform economic and social structures globally. #AirdropGuide Experts remain optimistic about cryptocurrencies Jeremy Allaire, CEO of Circle, expressed his increasing optimism about the future of cryptocurrencies. He attributed this confidence to the continued progress of open Internet protocols. Which has historically transformed industries and economies. #BinanceTournament He believes that encryption represents the next development in Internet infrastructure, which meets the urgent need for a layer of trust. $BNB The emergence of Bitcoin marked the beginning of this transformation, introducing the potential of digital tokens, public blockchains, and smart contracts to revolutionize economic and social structures. He pointed to the rapid progress in blockchain technology, highlighting the development of the third generation of public blockchains capable of supporting large-scale applications.
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#MarketSentimentToday Andrew Tate's currency collapses and loses 60%, despite strong momentum $DADDY Andrew Tate's new cryptocurrency, Daddy Tate Meme Coin (DADDY), has seen a sharp 35% drop in just 24 hours. This decline continues despite Tate's ambitious plans to improve the coin's utility and value. #daddy However, the excitement surrounding the interest proposals of the meme coin Dadi has not yet translated into investor confidence. While Tate continues to promote new apps and integrations, the community and potential investors remain cautious. #BNBHODLer Why Andrew Tate plans to turn Daddy into an NFT He intends to convert Dadi into a non-fungible token (NFT) to significantly reduce its exposure. "I want to reduce the supply of Dadi coins so that even if you own one, you will receive karmic benefits from the universe. I will do this by purchasing the coin with my own money and burning it at a certain market capitalization. It will have such a limited supply that it will be an honor to own any of it at all," he stated. Tate that. Furthermore, Tate plans to merge Dadi Coin with his university, Real World University. Exclusive access is proposed for Dadi meme coin holders. He also hinted at potential cache rewards for university members, where free cryptocurrency is generated every day members log in. Rafay Alavi, a cryptocurrency influencer, suggested another use for the Dadi meme coin involving a trading bot. This bot will work across multiple blockchain platforms and offer referral commissions. Users will need to deposit Dadi meme coins to activate the bot, creating ongoing demand for the token. According to DEX Screener, the coin boasts over 38,300 holders and has managed to get listed on major cryptocurrency exchanges like Gate.io and MEXC. Tate committed to buying $1 million worth of Dadi coins if the market capitalization reached $300 million and promised to burn the coins if that goal was achieved within ten days. Despite these initiatives, the Dadi meme is facing difficulties in a volatile market. The currency has fallen by about 60% from its
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Solana price falls to the lowest level in 45 days $SOL The price of Solana coin SOL fell to its lowest trading level in 45 days amid a general decline in the cryptocurrency market. This decline has raised concerns among investors and traders in the alternative digital currency, with increasing doubts about the possibility of continuing the positive performance witnessed in recent months. #solonapumping Solana retreats from major digital assets The data shows that Solana significantly lagged behind major networks such as Ethereum, Arbitrum, BNB, Polygon, Optimism, etc. This decline comes when the digital asset market is experiencing greater volatility and selling pressure due to macroeconomic uncertainty and caution on the part of traders. #SolanaUSTD For Solana coin, which has suffered a decline in price from previous highs, the 45-day low represents a turning point that has raised concerns about the digital asset's near-term prospects. Analysts attribute this decline to a combination of general market weakness and the network's difficulties, including decreased on-chain activity, a lack of demand for leveraged positions, and competition from other blockchains focused on smart contracts.
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#MarketSentimentToday PEPE meme coin rebounds from critical level $PEPE Mimi Baby Coin appears to be bouncing after drawing a series of red candles over the past two days. However, investor behavior and market conditions do not appear to support a positive outcome. #pepe⚡ Meme coin investors can choose to sell PEPE price barely stabilizes above the critical support level $0.00001146 and faces the risk of further decline. This is due to the constant flow of funds from the asset, which indicates a decrease in conviction. #PEPE_EXPERT This can be seen in Chaikin Money Flow (CMF). It is a technical analysis indicator that measures buying and selling pressure during a specific period. It uses volume and price data to measure the strength of a market trend, helping traders identify potential reversals and confirm trends. The index is currently at a two-month low, indicating that outflows are intensifying selling pressure. This is supported by the behavior of investors, especially those who are profitable. When monitoring active addresses by profitability, it can be seen that PEPE holders who observe winnings are constantly active on the network. This is worrying because these investors tend to sell their assets for profit. In general, their participation under 25% is relatively less worrying, but more than the threshold is problematic, and this is the case with PEPE. PEPE Price Prediction: Bounce Back? The PEPE price, which is trading at $0.00001195, appears to be bouncing from the support level at $0.00001146. This is a positive development for the meme coin and its investors. However, the latter's lack of conviction may cost him his recovery. A potential sell-off, as mentioned above, could result in the PEPE price losing this crucial support and falling to $0.00001007. On the other hand, a successful bounce will enable the PEPE price to rise to $0.00001369. Once this resistance level is broken, the meme coin can continue to rise towards $0.00001600.
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