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📈 Surge in NFT Trading Volume on Solana! 🚀 Solana's [SOL] NFT trading volumes have skyrocketed, outpacing both Bitcoin [BTC] and Ethereum [ETH] in the last month! 🎉 This surge isn't from blue-chip collectibles like Mad Lads or Solana Monkey Business, which actually saw price drops. Instead, the growth is driven by new, lesser-known NFTs, indicating a vibrant and expanding ecosystem. 🌱 🔍 Key Points: New NFTs: Fresh projects are fueling the volume. DEX Decline: Despite a drop in decentralized exchange (DEX) activity, Solana's Total Value Locked (TVL) remains stable. SOL Price: SOL has dipped by 26.59% since April but is showing signs of stabilization. Stay tuned for more crypto insights! 👍 Remember, your support helps us bring you the best investment advice. Tips are greatly appreciated! Disclaimer: This is not financial advice. Always do your own research. #solana #bitcoin #Binance

📈 Surge in NFT Trading Volume on Solana! 🚀

Solana's [SOL] NFT trading volumes have skyrocketed, outpacing both Bitcoin [BTC] and Ethereum [ETH] in the last month! 🎉 This surge isn't from blue-chip collectibles like Mad Lads or Solana Monkey Business, which actually saw price drops. Instead, the growth is driven by new, lesser-known NFTs, indicating a vibrant and expanding ecosystem. 🌱

🔍 Key Points:

New NFTs: Fresh projects are fueling the volume.

DEX Decline: Despite a drop in decentralized exchange (DEX) activity, Solana's Total Value Locked (TVL) remains stable.

SOL Price: SOL has dipped by 26.59% since April but is showing signs of stabilization.

Stay tuned for more crypto insights! 👍

Remember, your support helps us bring you the best investment advice. Tips are greatly appreciated!

Disclaimer: This is not financial advice. Always do your own research.

#solana #bitcoin #Binance

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🚀 Ethereum and Bitcoin Correlation: Will Ether Price Pick Up Pace? 🚀 After the SEC approved Ethereum ETFs, Ether has yet to show signs of growth. For Bitcoin, it took almost a month post-ETF approval before the price surged to an all-time high of $73,738.00. In September 2022, Ethereum moved to proof of stake (PoS), making it more secure and sustainable. PoS uses staking instead of computational power, replacing miners with validators who stake their cryptocurrency to create new blocks. BTC/ETH Correlation The BTC/ETH correlation shows the price relationship between Bitcoin and Ethereum. The correlation coefficient measures how their prices move relative to each other, ranging from -1 to 1. A coefficient of 1 means BTC and ETH move in the same direction, -1 means they move in opposite directions, and 0 means no correlation. Historical data reveals that Ethereum tends to outperform Bitcoin in bull markets and underperform in bear markets. ETH was priced above 0.05 BTC during the bull runs of 2018 and 2021, with this level serving as strong support. Conversely, the 0.08 BTC level has been significant resistance. Recent Trends A Coinbase report shows that the $BTC / $ETH correlation has been declining since early 2023. Factors like the adoption of Ethereum-based dApps, the popularity of NFTs, and Ethereum's shift to PoS are driving this divergence. According to IntoTheBlock, 95% of current ETH positions are profitable, with a price increase of 30% over the past week. ETH whales are making significant moves, especially with the increased odds of ETF approval. Recently, ETH recorded an on-chain trading volume of $15.98 billion, the highest since June 2022, with 90% from transactions exceeding $100,000. Ethereum ETFs Expectations The approval of ETH ETFs marks a milestone in cryptocurrency acceptance, likely influencing increased activity among ETH whales. The substantial on-chain trading volumes suggest growing institutional and investor confidence in Ethereum. Disclaimer: This is not financial advice. #bitcoin #Binance
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🪙 The Ultimate Guide to Holding Coins: Maximize Your Crypto Profits! 🚀
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$🚀 Discover Futures Copy Trading & Get Upgraded for Loss Protection Coverage! 🚀 🎉 Binance Futures Copy Trading has an exciting promotion where you can share up to 30,000 USDT in Loss Protection Coverage! Manage your risk with partial loss compensation on your first copy trading portfolio. Copy up to 20 portfolios at once! BTC/USDT 69,123.86 +0.60% ETH/USDT 3,759.73 +0.20% 🗓 Promotion Period: 2024-05-20 00:00 (UTC) to 2024-05-29 23:59 (UTC) Promotion A: Create Your First Copy Trading Portfolio Share 15,000 USDT Loss Protection Coverage! Register, create a portfolio, and invest at least 100 USDT to qualify. Coverage tiers based on investment: Silver: 100 - 1,000 USDT ➡️ Up to 5 USDT Gold: 1,001 - 10,000 USDT ➡️ Up to 10 USDT Platinum: >10,000 USDT ➡️ Up to 20 USDT Promotion B: Upgrade from Mock Copy Trading First 3,000 users to convert a mock portfolio to a real one with at least 100 USDT get up to 5 USDT in token vouchers. Coverage is on a first-come, first-served basis. 🔗 Join the Promotion Now! 💬 Stay tuned for more crypto insights! 👍 💡 Remember: Generous contributions support the mission, enabling diligent work and providing the best investment advice. Tips enhance efforts to serve better. 📜 Disclaimer: Products and services referred to may not be available in your region. #Binance $ETH
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