Start reading the news, Start looking up financial gurus, Start following yahoo finance, Watch the news daily, Read the news daily, Look up for opportunities in the right places, Try to create a scenario for the future, Start building your own ideas about the market, Learn learn learn, Read and more reading, Be vigilante about your dreams,
Soon enough you will start feeling success forming.
If you hold $PNUT and in profit or small loss, I advise you to sell it at once.
Pnut had been recently getting some hits, with binance increasing it's collateral ratio by 10%, it usually indicate that the exchange doesn't trust the asset much and it may drop hard.
Also, the owner of #Pnut 'Mark longo' sued #Binance over allegations of an unauthorized use the image and branding associated with Peanut, violating intellectual property rights.
The lawsuit demands the removal of all materials linked to Peanut's likeness from Binance's platform by December 31, 2024.
This might lead #Binance to Delist the coin 'Just a presumtion', so i would suggest that you sell your $PNUT ASAP.
Important Binance Trading Update Concerning Peanut the Squirrel (PNUT) and Other Meme Coins.
This concerns Peanut the Squirrel ($PNUT ), 1MBABYDOGE ($1MBABYDOGE ), Eigenlayer ($EIGEN ), Reserve Rights (RSR), Movement (MOVE), and Magic Eden (ME).
The collateral ratios of the aforementioned tokens will be raised by 10% each. PNUT’s ratio will be increased from 35% to 45%, while all others will be lifted from 10% to 20%.
The collateral ratio represents the amount of assets required to secure a loan or maintain an open position. It is usually expressed as a percentage and compares the value of the collateral to the borrowed capital. A higher ratio provides greater assurance to the lender, increasing the chances of recovering funds even if the market heads south.
Let me tell you what's going to happen next on the market.
You know the saying "History repeat itself", and it's no different now.
So, the markets are bullish, everything is pumping, everyone is hyped, everyone is happy, but nothing last forever, this trend will "at some point" reverse, the question is, when?
Look back 300 days ago, 5 Feb 2024 (Check the graph) I took the chart of #HOOk as an example, look at the chart, you see the market started doing something like what we are witnessing right now.
During the period from 5 Feb to 10 March 2024 (33 days) the market increased by almost 120% and during which we experienced 2 major drops (28 Feb, 5 March) till it reached it's peak on March 10 then reversed.
Okey, Am i saying that the same thing will happen typically? No, I'm not saying that.
But this thing we are into is being run by bots, Yup Bots, robots, A.I that makes decisions based on algorithm and it's highly likely to repeat the same pattern but we have to put some things into consideration like:
- We are heading into Christmass in 23 days and it's usually a season where people cash out their money to spend on vacations and luxuries. - Macro elements like (trump's inauguration, US Unemployment Rate "Dec 6th", US CPI y/y "Dec 11", US Federal Funds Rate "Dec 18")
Let's fast forward to our time being, If i apply what i just explained into our reality, we'll see that #HOOK has made almost a 106% gains in 26 days with around 1 major drop.
So How do we use this information? Well, my guess is that we are going to see a major drop this month, but over all, we'll have a bullish month where we will end up in profits if we hold and afterward the market will reverse "Will post then"
The long boring game, they are playing dead, but they are here, looking, bots are calculating every move, and all of a sudden you will see the market pump, some will try and catch it but it would be too late.
📌📌 Major Economic Developments and Altcoin Events Coming Up!
Monday, December 16: 🟢ENA – Ethena will make an announcement. 🟢FLOKI – Floki Inu will be making a marketing announcement. 🟢STX – L2 update will be made and sBTC Phase 1 will be launched. 🔴ARB – There will be a token unlock of $83 million.
Tuesday, December 17: 🟢NEAR – Near will make an announcement.
Wednesday, December 18th: 📌22:00 – FOMC statement will be released. 🟢22:00 – FED will announce its interest rate decision. (Expectation is for a 25 basis point reduction) 📌22:30 – FED Chairman Jerome Powell will hold a press conference.
Thursday, December 19 ZRO – LayerZero to vote on fee switch implementation 🔴WBTC – Coinbase will delist WBTC.
Friday, December 20 📌16:30 – US Core Personal Consumption Price Index Monthly (Expected: 0.2%, Previous: 0.3%) 📌16:30 – US Core Personal Consumption Price Index Annual (Previous: 2.8%)