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Bitcoin: The Bullish Outlook Persists
#BitcoinKeyZone
Fundamental Analysis:
* Institutional Adoption: Major corporations and financial institutions are increasingly embracing Bitcoin, signaling its legitimacy as a valuable asset class.
* Network Strength: Bitcoin's network continues to grow stronger, with increased hash rate and difficulty, making it more secure and resilient.
* Deflationary Nature: Bitcoin's limited supply and halving events contribute to its potential as a long-term store of value.
Technical Analysis:
* Bullish Trend: $BTC is currently in a strong uptrend, breaking above key resistance levels.
* Golden Cross: The 50-day moving average has crossed above the 200-day moving average, a bullish signal.
* Relative Strength Index (RSI): The RSI is above 50, indicating bullish momentum.
Disclaimer: Not financial advice. Do your own research!
Let's discuss your thoughts on Bitcoin's future in the comments! I also #followback everyone !
#BitcoinKeyZone
Fundamental Analysis:
* Institutional Adoption: Major corporations and financial institutions are increasingly embracing Bitcoin, signaling its legitimacy as a valuable asset class.
* Network Strength: Bitcoin's network continues to grow stronger, with increased hash rate and difficulty, making it more secure and resilient.
* Deflationary Nature: Bitcoin's limited supply and halving events contribute to its potential as a long-term store of value.
Technical Analysis:
* Bullish Trend: $BTC is currently in a strong uptrend, breaking above key resistance levels.
* Golden Cross: The 50-day moving average has crossed above the 200-day moving average, a bullish signal.
* Relative Strength Index (RSI): The RSI is above 50, indicating bullish momentum.
Disclaimer: Not financial advice. Do your own research!
Let's discuss your thoughts on Bitcoin's future in the comments! I also #followback everyone !
Dear All,
😊
Market fluctuations like this can be challenging, but it's important to remember that they are a natural part of the crypto ecosystem. This temporary downturn also presents a unique opportunity for strategic investors to buy at lower levels.
Do check out $YFI at these levels!
Stay focused on the bigger picture and your long-term goals. Crypto Mama is here to support you through these times with secure and reliable analysis. Together, we’ll navigate this and emerge stronger. Diamond 💎 Hands
#DiamondHandsDebate #followback
😊
Market fluctuations like this can be challenging, but it's important to remember that they are a natural part of the crypto ecosystem. This temporary downturn also presents a unique opportunity for strategic investors to buy at lower levels.
Do check out $YFI at these levels!
Stay focused on the bigger picture and your long-term goals. Crypto Mama is here to support you through these times with secure and reliable analysis. Together, we’ll navigate this and emerge stronger. Diamond 💎 Hands
#DiamondHandsDebate #followback
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💰ENA Price Analysis💰
Introduction
• As promised, I will do my analysis on $ENA and what are the potential targets for the ENA coin.
• The price of Ethena (ENA) exceeded one dollar per token, while the market capitalization of ENA exceeded one billion dollars.
Calculation of the current price
• The current price of ENA can also be accurately calculated by dividing the total market capitalization of ENA by the current supply ($1.58 billion ÷ $1.43 billion), which equals $1.10489 per ENA.
Potential market capitalization and price
• Now comes the fun part: Ethena is likely to reach a market cap of $15 billion, so $15 billion ÷ $1.43 billion = $10.4895 per ENA.
long term goal
• So my long-term goal for ENA is $10 per ENA.
Denial of responsibility
• Again, this is not financial advice: always do your own research before investing in anything.
• I just did some basic calculations to set a precise goal.
😉 Follow me or tip me, I'm hungry hahaha 😂 :861520183 ⏳#ENA#ear #followback
Introduction
• As promised, I will do my analysis on $ENA and what are the potential targets for the ENA coin.
• The price of Ethena (ENA) exceeded one dollar per token, while the market capitalization of ENA exceeded one billion dollars.
Calculation of the current price
• The current price of ENA can also be accurately calculated by dividing the total market capitalization of ENA by the current supply ($1.58 billion ÷ $1.43 billion), which equals $1.10489 per ENA.
Potential market capitalization and price
• Now comes the fun part: Ethena is likely to reach a market cap of $15 billion, so $15 billion ÷ $1.43 billion = $10.4895 per ENA.
long term goal
• So my long-term goal for ENA is $10 per ENA.
Denial of responsibility
• Again, this is not financial advice: always do your own research before investing in anything.
• I just did some basic calculations to set a precise goal.
😉 Follow me or tip me, I'm hungry hahaha 😂 :861520183 ⏳#ENA#ear #followback
Hey guys, I'll be posting outlook about potential coins every day.
Can we expand our network here?
If you #follow me, I'll definitely #followback
Let's connect!
Can we expand our network here?
If you #follow me, I'll definitely #followback
Let's connect!
See original
Greetings friends in Spanish for all Spanish speakers I will be giving away live for binace_vivo, To 5000 real people who follow me, from two to 3 dollars per person is not much but I can support them with those dollars who said I give them a like and RT To bring those little people who need that help blessings and let's move forward, I want to see you active, for this bitcoin frenzy 🚀🚀🚀🚀
#Follow_Like_Comment #followback #follow
#Follow_Like_Comment #followback #follow
WHY BITCOIN IS STILL THE KING
Not a single top 100 Alt from 2021/2022 has hit a new ATH against BTC
An Alt to BTC pair tells how a crypto asset is performing against $BTC over a period of time. Perhaps the most famous alt to btc pair is ETH/BTC and although ETH is up in USD it has never hit a new ATH against Bitcoin
In fact if you purchased ETH during the ETH to BTC ATH on June 11th 2017 you'd be up ~11X in USD on your investment. But had you bought BTC instead you'd be up over 33x.
The fact is almost every single alt will be outperformed by BTC over time and although a few alts may break that trend especially in the short term. Holding alts through multiple cycles is risky at best and foolish at worst.
If we look at the top 100 Alts from 2021, not a single alt from the
top 100 in 2021 has managed to break it's 2021 or 2022 ATH against BTC.
Now you're probably thinking one of the following. So I'll preemptively address them.
"Alt season is just getting started this isn't a fair comparison""Ya But I'm up in USD on my investment""I don't want to trade because taxes are complicated""It's safer to hold and your grandchildren will thank you""Stop trying to get people to sell""I'm not a trader I make a plan and stick to it""You're a trashy BTC Maxi"
So let's break these down one by one:
1: "Alt Season is just getting started"
BTC Dominance has definitely fallen but if you're gambling on future
gains you have to first accept it's a gamble, and the current break down
could be the farthest that it goes. If you have gains it's not a bad
thing to realize gains.
2: "Ya but I'm up in USD on my investment"
If that's you, you either purchased a long time ago in a bear market
and held through a bull market, and a bear market - and you would most
likely be up even more if you just purchased BTC. Alternatively you are a
new purchaser and you got some nice gains on the breakdown of BTC
dominance.
If you held your ALT from 2021 to today you are guaranteed to be down significantly compared to just holding BTC.
3: "I don't want to trade because taxes are complicated"
Yes, Taxes are complicated but that only matters if you're in profit.
If you hold your alt to the top and back down because "you're a long
term holder", you are simply making bad investment decisions.
4: "It's safer to hold and your grandchildren will thank you"
Please STOP with this nonsense, Long term nearly every Crypto asset
will not only bleed value against BTC but also bleed value in USD. Don't
believe me check the top 100 crypto assets in 2017, 2021, and 2024 and
count how many assets from 2017 are still in the top 100 today.
5: "Stop trying to get people to sell"
I'm not trying to get people to sell, I'm trying to get people to
stop with the the nonsense where they demonize selling. You can hold
your alt of your choice just don't reinforce the mindless selling alts
is bad philosophy.
6: "I'm not a trader I make a plan and stick to it"
It's always good to stick to a plan in investments and to think
rationally but if your plan is to hold your alt for the next ten years,
just buy BTC instead.
7: "You're a trashy BTC Maxi"
I'm not a BTC Maxi I wouldn't have 45% of my crypto investments in altcoins myself if I was a BTC maxi!
-----
Another not so Fun Fact only two of the top 30 crypto assets in 2021
have hit a new USD ATH since... Solana and Tron... but both are still
down compared to their 2021 ALT to BTC ATHs.
:)
As usual, Disclaimer: This is NOT investment advice, do your OWN research as well!
#FollowBack #BitcoinBeliever
An Alt to BTC pair tells how a crypto asset is performing against $BTC over a period of time. Perhaps the most famous alt to btc pair is ETH/BTC and although ETH is up in USD it has never hit a new ATH against Bitcoin
In fact if you purchased ETH during the ETH to BTC ATH on June 11th 2017 you'd be up ~11X in USD on your investment. But had you bought BTC instead you'd be up over 33x.
The fact is almost every single alt will be outperformed by BTC over time and although a few alts may break that trend especially in the short term. Holding alts through multiple cycles is risky at best and foolish at worst.
If we look at the top 100 Alts from 2021, not a single alt from the
top 100 in 2021 has managed to break it's 2021 or 2022 ATH against BTC.
Now you're probably thinking one of the following. So I'll preemptively address them.
"Alt season is just getting started this isn't a fair comparison""Ya But I'm up in USD on my investment""I don't want to trade because taxes are complicated""It's safer to hold and your grandchildren will thank you""Stop trying to get people to sell""I'm not a trader I make a plan and stick to it""You're a trashy BTC Maxi"
So let's break these down one by one:
1: "Alt Season is just getting started"
BTC Dominance has definitely fallen but if you're gambling on future
gains you have to first accept it's a gamble, and the current break down
could be the farthest that it goes. If you have gains it's not a bad
thing to realize gains.
2: "Ya but I'm up in USD on my investment"
If that's you, you either purchased a long time ago in a bear market
and held through a bull market, and a bear market - and you would most
likely be up even more if you just purchased BTC. Alternatively you are a
new purchaser and you got some nice gains on the breakdown of BTC
dominance.
If you held your ALT from 2021 to today you are guaranteed to be down significantly compared to just holding BTC.
3: "I don't want to trade because taxes are complicated"
Yes, Taxes are complicated but that only matters if you're in profit.
If you hold your alt to the top and back down because "you're a long
term holder", you are simply making bad investment decisions.
4: "It's safer to hold and your grandchildren will thank you"
Please STOP with this nonsense, Long term nearly every Crypto asset
will not only bleed value against BTC but also bleed value in USD. Don't
believe me check the top 100 crypto assets in 2017, 2021, and 2024 and
count how many assets from 2017 are still in the top 100 today.
5: "Stop trying to get people to sell"
I'm not trying to get people to sell, I'm trying to get people to
stop with the the nonsense where they demonize selling. You can hold
your alt of your choice just don't reinforce the mindless selling alts
is bad philosophy.
6: "I'm not a trader I make a plan and stick to it"
It's always good to stick to a plan in investments and to think
rationally but if your plan is to hold your alt for the next ten years,
just buy BTC instead.
7: "You're a trashy BTC Maxi"
I'm not a BTC Maxi I wouldn't have 45% of my crypto investments in altcoins myself if I was a BTC maxi!
-----
Another not so Fun Fact only two of the top 30 crypto assets in 2021
have hit a new USD ATH since... Solana and Tron... but both are still
down compared to their 2021 ALT to BTC ATHs.
:)
As usual, Disclaimer: This is NOT investment advice, do your OWN research as well!
#FollowBack #BitcoinBeliever
what do you think about Sol?
make sure to comment to get a follow back!
#Solana #analysis #first #followback
make sure to comment to get a follow back!
#Solana #analysis #first #followback