#MarketBuyOrHold? Bitcoin? Memecoin? | highlander072024 on Binance Square

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#MarketBuyOrHold? 
Bitcoin? 
Memecoin? 

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Dogwifhat Memecoin Could Surge Significantly Utilizing Elliott Wave Theory, Zeberg forecasts a notable upward movement for WIF. This theory posits that assets typically follow a five-wave pattern, where the third wave is the most substantial. He noted that WIF has completed its second wave and is now poised for a significant price increase. Currently trading at $2.97, WIF has seen an 11.1% decline over the past 24 hours, with a market cap of $2.9 billion, positioning it as the 52nd largest cryptocurrency. Zeberg warns that the ongoing cryptocurrency bull market may be nearing its end, cautioning against reliance on prolonged bullish forecasts #MarketBuyOrHold

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#MarketBuyOrHold? #marketdownturn #CryptoExplorerFiesta Crypto Market Downturn: Dogecoin and Solana Hit at the Heart! Dogecoin and Solana See Record Losses Market Wide Impact and Liquidations Economic Indicators and Market Outlook What is the future of crypto investors? The crypto marketplace has entered a phase of correction, wiping out several billion in total market capitalisation. In association with all other major cryptos, Dogecoin (DOGE) and Solana (SOL) led this decline. High leverage, increased selling and broader macro uncertainty, they say, exacerbate the loss. WhatsApp Image 2024 11 04 at 08.16.30 Dogecoin and Solana See Record Losses Dogecoin $DOGE currently trades at $0.3756 and has witnessed around 12% price drop, one of the largest in this crypto market correction. Price recovery couldn’t take place in spite of 60.9 billion DOGE transacted in 24 hours due to enormous selling pressure. Large transactions increased 41.2% but didn’t help DOGE investors. Solana $SOL followed with a 10% drop to $227. Overbought conditions and general market correction is crushing the token. Token market cap on Solana has lost over $100 billion in a day. Although, Solana’s trading volume increased 43.2% but that’s just a sign of more selling and not good market sentiment. Market Wide Impact and Liquidations Other major cryptos like BTC and ETH are also down. BTC lost 6.1% and ETH 4.5%. The altcoins which got affected the most include Cardano’s ADA and XRP, which were both down 14.7% and 10.7% respectively. During the last 24 hour, the total cryptocurrency market cap went down by a hefty 5% as it comes down to about $3.2 trillion. source: coinmarketcap. com

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THENA Price Jumped 500% Following Binance Listing Announcement THENA has been making waves, with its price going absolutely crazy in the last 24 hours. It shot up 500% after Binance announced its listing, and over two days, it’s up an unbelievable 1,758.74%. The token $THE went from just $0.20 to a peak of $3.126 Now the big question is—can it keep this up, or are we looking at a short-lived rally? source: coinmarketcap. com #TipsTradingFuture #marketdownturn #CryptoExplorerFiesta

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$BNB Surges With the broader market witnessing a pullback as Bitcoin drops under $95k, the BNB price trend falls under $650. Now $BNB is trading around $632.67 increased 2.29% in last 24H. Amid the changing landscape, the Binance Coin (BNB) price prediction remains solid, with the new all-time high target at $1041. However, the underlying uncertainties with the global tensions raise questions like, “Is Binance safe or not?” or “Will Binance go higher in end of 2024?” Tell me in comment section #marketdownturn #MarketBuyOrHold #CryptoExplorerFiesta

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Are Memecoins Really Driving Crypto Adoption? Coinmarketcap. com Memecoins like Dogecoin and Shiba Inu thrive on their ability to capture widespread attention through humour and pop culture. By tapping into internet memes and trends, these coins have become highly shareable on platforms such as Twitter, Reddit, and TikTok, where viral content often leads to increased visibility. High-profile endorsements, particularly from figures like Elon Musk, have amplified this reach. Musk’s tweets, for instance, have spurred significant price spikes for Dogecoin, making headlines and drawing millions of curious observers into the crypto space. Memecoins often serve as the first step into the cryptocurrency world for many newcomers. Their low cost compared to established coins like Bitcoin or Ethereum makes them an affordable and less intimidating entry point. For example, while a single Bitcoin may be priced in the tens of thousands, memecoins like Shiba Inu or Dogecoin allow investors to buy hundreds or even thousands of tokens for just a few dollars. As of November 7, 2024, Dogecoin had over 7 million individual wallet addresses, and Shiba Inu has attracted over 1.4 million holders. The memecoin space is also plagued by scams and “rug pulls,” where project creators abandon their tokens after raising funds, leaving investors with worthless assets. This problem is exacerbated by the low barrier to entry for launching memecoins. Scammers often manipulate trending lists on platforms like CoinGecko, creating an illusion of popularity before disappearing with investors’ money. (See an X user recounting an experience of these nefarious acts below). Memecoins undoubtedly introduce millions to the world of cryptocurrency. They simplify the onboarding process, provide an engaging entry point, and highlight the power of blockchain technology to create global movements. However, their contribution to long-term adoption is less certain. #MemeWatch2024 #marketdownturn #CryptoExplorerFiesta #MarketBuyOrHold

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