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Godfather of Signals
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Polymarket, a decentralized prediction platform, achieved a significant milestone by hitting $100 million in monthly trading volume for the first time in June. This surge in activity coincides with growing interest in the 2024 U.S. presidential election, drawing gamblers to place substantial bets on the race's outcome. As of now, the "Presidential Election Winner 2024" market on Polymarket has amassed $203.3 million in bets across 17 different prediction markets, featuring "Yes" or "No" options. Former President Donald Trump leads the pack with 62% odds, attracting $24.7 million in wagers. Current President Joe Biden trails with $23.9 million in bets and has seen his odds drop from 34% to 21% following a less-than-stellar debate performance on June 28. Speculation is also rising around other potential Democratic candidates. Figures like Gavin Newsom, Kamala Harris, and Michelle Obama have gained traction, especially as some pundits suggest Biden might consider withdrawing from the race. This has led to increased betting activity on markets predicting Biden's potential dropout, with "Biden drops out of presidential race" and "Biden drops out by July 4" seeing 43% and 9% odds, respectively, and over $10 million in bets. Meanwhile, markets for long-shot candidates like Kanye West and Elizabeth Warren show less than a 1% chance of winning the presidency, though they still attract some betting interest. Polymarket's June trading volume reached $109.9 million, driven by its operation on the Ethereum sidechain Polygon. This is a substantial increase from the $38.9 million to $63 million range observed between January and May, marking a 620% jump compared to the previous five months (August-December 2023). The platform's total value locked (TVL) has also seen a significant rise, now standing at $40.2 million, up nearly 69% in the last 30 days, according to Token Terminal data.
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BREAKING !!!
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$ENS is on fire today, surging 3.7% & market cap explodes to $1.01B (up 30%)! This DeFi leader shows no signs of slowing down. Still Holding it! #ENS #DeFi
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🚨If I only had $5K, here’s where I'd put my money right now 🚨 **Coin #4: $STG** $STG is a versatile omnichain native asset bridge powered by LayerZero Protocol. It's currently priced at an astonishingly low $0.4074, up 10.55%. This project boasts significant backing from major funds like Delphi Ventures. With a market capitalization of just $75 million, there's ample opportunity to acquire it at favorable prices, and only 20% of its coins are currently in circulation. Consider this: If you invest $1,000 in $STG at $0.37 per token, your investment could be worth approximately $21,000 if the price hits $8. And if it reaches its peak of $20, you'd be looking at around $54,000! 🤑 Hit like and subscribe for more insights. In the coming days, I’ll reveal another project worth a $1K investment. Good luck! #STG #AltcoinBoom #alt
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YOU COULD LOSE ALL YOUR INVESTMENT! Unless You Understand the Psychology of the Crypto Market Experts are forecasting a new bull run peaking in late 2025, starting from June. Here’s a breakdown of the key phases to watch out for: **PHASE 1 - Accumulation:** Big investors start buying crypto at low prices while most people remain hesitant. Remember last year when Bitcoin was around $15,000? That was accumulation in action. **PHASE 2 - Momentum:** Currently, prices are climbing, excitement is mounting, and more buyers are entering the market. Fear of missing out (FOMO) is strong, and altcoins are gaining attention. **PHASE 3 - Euphoria/Excess:** Greed takes over, prices skyrocket, and everyone is buzzing about crypto. This is a critical time to be cautious. When the Bitcoin Fear and Greed Index hits 90, it's wise to consider managing your investments to mitigate potential losses. **PHASE 4 - Massive Crash:** A severe downturn hits, prices plummet, panic selling ensues, and negative media coverage spikes. Experienced investors buy the dip while newcomers might face significant losses. **Tips for Success:** - Invest wisely and exercise patience. - Utilize dollar-cost averaging (investing small amounts regularly). - Take profits as prices rise. - Diversify your investment portfolio. - Be wary of hype and scams. - Monitor changes in market sentiment. - Strategically hedge your investments. - Keep cash on hand for new opportunities. Stay informed and make smart decisions to potentially achieve life-changing wealth in the upcoming crypto wave. #BinanceTournament #WriteToEarn #IntroToCopytrading #MtGoxJulyRepayments #LayerZero
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