The Solana-based meme token BONK is making waves with its ambitious BURNmas campaign, aiming to burn 1 trillion tokens and achieve a jaw-dropping price target of $0.11. Here's everything you need to know about this exciting development:
โ 1 Trillion Burn Milestone:
Over 810 billion BONK tokens have already been burned since the campaign launched on November 15th.
The community is rallying to hit the 1 trillion tokens burned milestone by December 24.
โ Community-Driven Scarcity:
Every tweet using the hashtag #LetsBONK contributes 100k tokens to the burn.
This unique blend of community engagement and scarcity economics is driving optimism and excitement in the market.
โ Market Impact So Far:
BONK surged 30% in the last 24 hours, fueled by its Robinhood listing on December 20.
Current price: $0.0000339, with a 328,000% potential gain if it hits the ambitious $0.11 target.
Market cap: $2.57 billion, with trading volume reaching $851 million in the last 24 hours.
โ Unmatched Momentum in the Meme Coin Space:
BONK is the only top 10 meme coin to see 30% growth in the past 24 hours.
Its futures open interest is up 28%, with Bybit contributing a whopping $311 million to trading volume.
This bold initiative is not just about reducing supply; itโs about creating long-term value for BONK holders while proving its relevance in the fiercely competitive crypto space.
๐ Whatโs Next? The founders, Nom (@TheOnlyNom), predict BONK reaching $0.11, which would mark an incredible 328,000% gain. With strong community support and major exchange listings, BONK is gearing up to make a significant impact.
Are you ready to join the BURNmas movement? Letโs see where this journey takes us! ๐
Follow, like, and comment your thoughts on BONKโs rise. Donโt forget to use the #LetsBONK hashtag to contribute to the burn! And if you love this update, hit the โTipโ feature to support @VIKAS JANGRA .
๐ BTC Dominance Update: Whatโs Next for Altcoins?
๐น Current BTC Dominance: 58.80% BTC dominance has been moving within an ascending parallel channel since 2023, reflecting Bitcoin's growing influence in the crypto market. However, there have been significant developments recently that could shift the dynamics.
๐น Key Observation: For the first time in November 2024, the dominance broke below this channel. Fast forward to December 2024, and it has now returned to retest the lower boundary of this channel.
๐น Why This Week is Crucial: The current weekly candle will play a pivotal role in deciding the future direction of BTC dominance. A rejection at this retest point could mean the dominance will continue downward.
๐น What Does This Mean for Altcoins? If BTC dominance drops after the retest: โ We could see a massive rally in altcoins, as capital flows out of Bitcoin into alternative cryptocurrencies.
If BTC dominance reclaims the channel: ๐ซ Altcoins may face pressure, with Bitcoin continuing to dominate the market.
๐น Our View: There is a high probability that BTC dominance will decline this week, as the current structure aligns with a bearish retest. This could mark the beginning of a significant altcoin season.
๐ก Actionable Tip: Stay vigilant and keep an eye on this weekly candle. A successful rejection of BTC dominance could create opportunities for significant gains in the altcoin market.
Let us know your thoughts in the comments! Do you think this is the start of an altcoin rally?
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๐จ Bitcoin Weekly Update: Critical Levels to Watch! ๐จ
๐ Current Market Analysis:$BTC
Bitcoin has broken below the trendline support, a concerning signal for the short term. However, there's still hope as BTC holds steady at the $92K-$94K critical support zone.
๐ What This Means:
If Bitcoin stays above this range and reclaims the trendline next week, the bullish trend could continue. This would bring optimism back into the market.
However, if Bitcoin breaks below $92K, it could trigger additional selling pressure across the crypto market.
โ ๏ธ Key Takeaway: The next week will be a make-or-break moment for Bitcoin. Traders and investors should keep a close eye on price movements to determine whether the bullish momentum persists or if the bears take control.
๐ก Your Move: Stay updated, manage your positions wisely, and prepare for both scenarios. The crypto market can be unpredictable, so risk management is key!
๐ Follow us for more timely updates on Bitcoin and the crypto market.
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๐ Ethereum ($ETH) to Cross $12,000 This Cycle? Here's Why!
Ethereum is gearing up for a massive breakout. Once $ETH closes above the yellow resistance line, it could signal the end of the bearish sentiment. Historically, when Ethereum clears critical resistance levels, it gains momentum and starts a significant upward rally.
๐ก What Happens When $ETH Starts Pumping? Something exciting begins with "A" and ends with "N"โAltcoin Season! When Ethereum leads the charge, the entire altcoin market often follows, triggering massive gains across the board. This phenomenon happens because: 1๏ธโฃ Investors shift profits from $ETH into smaller altcoins. 2๏ธโฃ A bullish Ethereum signals confidence in the broader crypto market. 3๏ธโฃ Altcoins gain utility and attention as the ecosystem grows.
Key Levels to Watch: Once Ethereum closes above the yellow line (current resistance), a rally to $12,000 and beyond could be in play. This milestone could ignite unparalleled growth across the crypto market.
๐ What Should You Do?
Stay updated on $ETH price movements.
Research altcoins with strong fundamentals.
Position yourself wisely for the next big wave.
Donโt miss out on what could be the most lucrative opportunity this cycle!
โก๏ธ Like, comment, and share your thoughts below. Letโs discuss the potential impact of this move! ๐ธ Use the Tip feature to support more crypto insights.
๐ Crypto Market Predictions: Are These Numbers Possible?
The crypto market is buzzing with excitement and bold predictions for 2024. Here's whatโs being anticipated for some of the top cryptocurrencies:
๐ฐ Bitcoin ($BTC): Expected to skyrocket to $150,000, driven by increasing institutional adoption, the upcoming halving, and global interest in decentralized assets.
๐ก Ethereum ($ETH): Predicted to hit $8,000, fueled by continued growth in DeFi, NFTs, and its deflationary nature post-Merge.
๐ฅ Solana ($SOL): Aiming for a massive rally to $1,000, backed by its growing ecosystem and dominance in NFT marketplaces.
๐ Dogecoin ($DOGE): Could reach $10, with its loyal community and potential developments tied to Elon Musk's vision for $DOGE.
While these predictions are exciting, remember that the crypto market is volatile. Always DYOR (Do Your Own Research) and invest responsibly.
๐ What do you think? Are these numbers realistic or just hype? Letโs discuss in the comments below! ๐
Follow, Like, and Comment for more crypto insights. Use the Tip feature to support my content! @VIKAS JANGRA
SEI is currently trading around its support levels, making it a critical point to watch for traders and investors. Here's a detailed breakdown to guide your strategy:
1๏ธโฃ Current Scenario: SEI is at a key support level. If it holds, we may see a bounce back. However, if it breaks, the price might dip further.
2๏ธโฃ Key Levels to Watch:
First Support Zone: $0.37 - $0.36 If SEI drops below $0.418, this is the next potential support range.
Second Support Zone: $0.33 If the first support fails, the next level to watch is around $0.33.
3๏ธโฃ DCA Strategy: If you're looking to accumulate SEI, consider using a Dollar-Cost Averaging (DCA) approach at these key support levels to minimize risk and maximize your chances of buying at a good price.
4๏ธโฃ What to Do Next?
Monitor the price action closely.
Look for confirmation signals (bounces or breakouts).
Stay updated with market trends and news.
๐ก Pro Tip: SEI is showing potential, but patience and strategy are key when trading around support levels. Always manage your risk and trade wisely!
๐ข Share your thoughts! Do you think SEI will bounce back or break the support? Let me know in the comments!
Follow @VIKAS JANGRA for more updates, and don't forget to like, comment, and support my content with the Tip feature if you found this helpful! ๐
๐ Bitcoin Dominance Update: A Turning Point for Altcoins?
๐ Current Scenario: Today, Bitcoin dominance surged to 60%, leading to a sharp decline in Altcoinsโ performance. However, thereโs a silver liningโBitcoin dominance has begun to decline consistently.
๐ Key Levels to Watch: The next critical support level for Bitcoin dominance is 58.40%. If this level holds and dominance continues to drop, it could pave the way for a swift Altcoin recovery.
๐ก Why This Matters:
Rising Bitcoin Dominance: Typically signals funds flowing into Bitcoin, causing Altcoins to suffer.
Dropping Dominance: Indicates that market participants are starting to shift attention back to Altcoins.
๐ Whatโs Next? The market could take one of two paths: 1๏ธโฃ Bitcoin dominance continues to drop, allowing Altcoins to bounce back quickly. 2๏ธโฃ A reversal occurs, with dominance rising again, keeping Altcoins under pressure.
๐ Stay Alert: Monitor the market closely to seize opportunities as Bitcoin dominance approaches key levels. Timing your moves could be crucial during this shift.
๐ What are your thoughts on this? Are you bullish on Altcoins recovering soon? Letโs discuss in the comments!
Follow @VIKAS JANGRA for more market insights, and donโt forget to like, comment, and show your support with the 'Tip' feature!
The Twitter account of @VivekGRamaswamy got hacked.ย ๐ฑ ย ๐ The hacker posted false news about the cooperation of D.O.G.E (Department of Government Efficiency) and the stablecoin project $USUAL. ย The price of USUAL surged 50% in the last 24 hours and is the #1 gainer on #USUALBullRun ย ๐ฐ
๐ Altcoin Market Cap Update โ Key Insights You Need to Know!
๐น Approaching Major Support: The altcoin market cap is inching closer to a crucial support level. This level has historically acted as a strong barrier, preventing further declines in altcoins.
๐น Potential for Slight Decline: As the market approaches this support, we might witness a slight dip in altcoins. However, this is a natural market behavior and part of the larger cycle.
๐น Bounce Back Likely: The chances of this major support breaking are extremely low. Based on historical trends, itโs highly likely the market will bounce back strongly from this level, offering relief to altcoin holders.
๐น What If It Breaks? If, in the rare scenario, the support fails, it could trigger a broader market downturn. However, this is an unlikely scenario, given the current market dynamics.
๐น Stay Updated: This is a pivotal moment for the altcoin market. Stay tuned for more updates as we monitor the market closely.
โจ Pro Tip: Keep an eye on this level. It could present potential opportunities for both long-term investors and short-term traders.
๐ Follow @VIKAS JANGRA for timely updates, insights, and expert analysis. Donโt forget to like, comment, and use the โTipโ feature to support quality content!
๐ Stop Loss: $0.88 (MANDATORY to minimize losses)
Key Notes
This is a well-calculated trade setup with multiple profit-taking levels to suit various trading strategies.
Always maintain a disciplined approach by sticking to the defined stop-loss level to protect your capital.
๐ฅ Disclaimer: This analysis is for educational purposes only and reflects my personal insights. I am not a financial advisor, so trade responsibly and always do your own research.
โก๏ธ Follow @VIKAS JANGRA for more trade insights and updates. Don't forget to like, comment, and support the content with the "Tip" feature if you find this helpful!
๐ Grayscale Launches Bittensor Trust: A Gateway to Decentralized Machine Learning (TAO) ๐
Grayscale Investments, the worldโs largest digital asset management firm, has introduced the Grayscale Bittensor Trust, designed to simplify investment in Bittensor (TAO) for qualified investors.
This trust eliminates the complexity of directly purchasing, storing, and safeguarding TAO tokens, offering a seamless entry into the innovative world of decentralized machine learning.
What is Bittensor (TAO)?
Bittensor is an open-source, blockchain-powered machine learning protocol where participants collaborate to train AI models. Contributors are rewarded in TAO tokens based on the value they bring to the network.
TAO serves as a utility token, enabling external access to the network for obtaining information and customizing activities to specific requirements.
Why Grayscale Bittensor Trust Matters
1๏ธโฃ Simplified Access: Investors can now engage with Bittensorโs ecosystem through securities without managing technical complexities. 2๏ธโฃ Decentralized AI Revolution: Bittensor merges blockchain technology with machine learning, paving the way for groundbreaking advancements in AI.
๐ก Note: TAO's price has dropped 16% this week and is currently 37% below its all-time high, potentially creating opportunities for long-term believers.
๐จ Disclaimer: This is not financial advice. Always conduct your research before investing.
๐ฉ What are your thoughts on Grayscaleโs latest move? Share in the comments!
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