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is still under trendline resistance. It needs to break above and hold to turn bullish.
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$ETC MAKE THE TRADE SAFE AND LEARN A LESSON I TRUST MY SIGNALS 🚀
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DON’T MISS THE 2024-25 BULL SEASON! THX $ETHFI
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#AltcoinMomentum Altcoin Momentum refers to the relative strength or performance of alternative cryptocurrencies (altcoins) compared to the market, particularly Bitcoin. Altcoins represent all cryptocurrencies other than Bitcoin, such as Ethereum (ETH), Cardano (ADA), Solana (SOL), and many more. Key Aspects of Altcoin Momentum: 1. Market Trends: Altcoin momentum often increases during periods when Bitcoin’s dominance in the market decreases, signaling investors are diversifying. 2. Correlation to Bitcoin: Altcoins often follow Bitcoin’s price movements but can outperform or underperform depending on market sentiment and developments. 3. Technical Indicators: Traders use tools like the Relative Strength Index (RSI), Moving Averages (MA), and market volume to analyze altcoin momentum. Pros of Altcoin Momentum: • Higher Gains: Altcoins can experience larger price swings, offering opportunities for higher returns. • Innovation: Many altcoins introduce unique features, driving interest and adoption. Cons of Altcoin Momentum: • Higher Risk: Altcoins are generally more volatile than Bitcoin. • Speculation: Many altcoins rely on hype rather than utility, increasing the risk of loss. Monitoring altcoin momentum is essential for traders looking to capitalize on market cycles or diversify their crypto portfolios effectively.
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$ETH Ethereum is a blockchain platform for decentralized applications (dApps) and smart contracts. It was launched in 2015 by Vitalik Buterin and his team. Unlike Bitcoin, Ethereum is not only a cryptocurrency (Ether - ETH), but also a programmable platform. Key Features: 1. Smart Contracts: They are automated and secure digital contracts. 2. dApps: Decentralized finance (DeFi) forms the basis of many applications such as games, NFTs. 3. Ether (ETH): Used for the local currency and transaction fees of the Ethereum network. Advantages: • Programmability: Provides flexibility to developers. • Broad Ecosystem: It is one of the leading platforms with numerous applications and protocols. • Security: It offers high security thanks to its decentralized structure. Disadvantages: • High Transaction Fees: “gas fee” costs may increase due to density. • Scalability Issues: Needs continuous improvement for higher processing volume. Ethereum 2.0, one of Ethereum's recent major updates, includes the transition to the Proof of Stake (PoS) model to improve energy efficiency and expand transaction capacity.
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"Last bug" move from the project that Binance will exclude from the list In the GFT project, which the Binance exchange announced that it would exclude from the list, the team took action for the last highlight. The token supply was doubled and sold by transferring to many exchanges, including Binance. While the Binance exchange announced on Tuesday that it will delist 5 cryptocurrencies, one of the projects on this list, the Gifto (GFT) team almost came. According to the information given by the on-chain "detective" ZachXBT, the Gifto team doubled the supply after Binance's dismissal announcement. The team generated another 1.2 billion tokens on BNBChain and sent these tokens to Kucoin, MEXC, Bitget, Binance, OKX and Gateio exchanges. It is considered certain that the tokens have been sold. After the spread of the news, the token value, which has been falling since yesterday, has decreased by another 40%. There was even a warning in Coingecko that the Gifto team issued new tokens.
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