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In the realm of multi-faceted communication applications, WeChat dominates the Asian market, while Telegram's adoption is lower. However, Telegram's decision to make TON its primary Web3 infrastructure could enhance long-term competition, with short-term opportunities hinging on its continued dominance as a Web3 communication platform.
The tokenomics of the TON environment directly link Telegram's active user base to active wallet addresses for TON services and payment functionalities. This could potentially drive the price up, especially with steady adoption in under-banked and unbanked regions like Africa. With a current supply of 5 billion coins and an inflation rate of 2 percent, leading to an estimated 10 billion coins in 35 years, steady price increases are likely in the long run.
Price analysis over one year and a 90-day percentage return indicates steady growth in TON adoption, with increasing activity and demand for the TON coin. This trend is primarily driven by Telegram's limited features, suggesting continued upside in the token.
In conclusion, the TON coin is comparable to Chainlink. While Chainlink serves as a bridge for chains, TON aims to be the bridge for multi-faceted modern communication channels.
The tokenomics of the TON environment directly link Telegram's active user base to active wallet addresses for TON services and payment functionalities. This could potentially drive the price up, especially with steady adoption in under-banked and unbanked regions like Africa. With a current supply of 5 billion coins and an inflation rate of 2 percent, leading to an estimated 10 billion coins in 35 years, steady price increases are likely in the long run.
Price analysis over one year and a 90-day percentage return indicates steady growth in TON adoption, with increasing activity and demand for the TON coin. This trend is primarily driven by Telegram's limited features, suggesting continued upside in the token.
In conclusion, the TON coin is comparable to Chainlink. While Chainlink serves as a bridge for chains, TON aims to be the bridge for multi-faceted modern communication channels.
Bitcoin's price is showing strong resilience, nearly recovering from a 22% drop from its all-time high, with a robust support level at $60,000. This is largely influenced by the behavior of new and old whale cohorts.
Analyzing the realized price (RP) trends among different Bitcoin address cohorts provides valuable insights into market dynamics and potential future price implications. New whales, represented by addresses holding over 1,000 BTC with an average coin age of less than six months, have seen their RP rise significantly, closely mirroring Bitcoin's market price. This indicates continuous accumulation at higher prices.
On the other hand, old whales, represented by addresses holding more than 1,000 BTC with an average coin age of over six months, have a relatively flat RP trend. This suggests these holders have a stable, lower average cost basis and are not significantly affecting recent liquidity changes.
Finally, addresses with balances exceeding 10,000 BTC have seen a steady RP increase, aligning with the overall bullish trend. The alignment of new whales' RP with Bitcoin's market price, particularly following the SEC's approval of Bitcoin spot ETFs, indicates sustained buying pressure from this cohort. This analysis paints an optimistic picture of the market's future trajectory.
Analyzing the realized price (RP) trends among different Bitcoin address cohorts provides valuable insights into market dynamics and potential future price implications. New whales, represented by addresses holding over 1,000 BTC with an average coin age of less than six months, have seen their RP rise significantly, closely mirroring Bitcoin's market price. This indicates continuous accumulation at higher prices.
On the other hand, old whales, represented by addresses holding more than 1,000 BTC with an average coin age of over six months, have a relatively flat RP trend. This suggests these holders have a stable, lower average cost basis and are not significantly affecting recent liquidity changes.
Finally, addresses with balances exceeding 10,000 BTC have seen a steady RP increase, aligning with the overall bullish trend. The alignment of new whales' RP with Bitcoin's market price, particularly following the SEC's approval of Bitcoin spot ETFs, indicates sustained buying pressure from this cohort. This analysis paints an optimistic picture of the market's future trajectory.
In a significant development, transactions exceeding $1M USD are now dominating the on-chain volume of TON. This trend has been observed following the rise of Toncoin in 2024, indicating a growing interest from whales and a surge in network activity among these participants.
The number of high-value transactions has also seen a proportional increase, undeniably contributing to the rise in Toncoin's price. This suggests that TON has evolved into a robust blockchain with a high value transfer capacity.
Moreover, there is a gradual increase in participation from large investors, further strengthening the network. This positive trend in the market reflects the growing confidence in the blockchain industry and the potential of TON.
The number of high-value transactions has also seen a proportional increase, undeniably contributing to the rise in Toncoin's price. This suggests that TON has evolved into a robust blockchain with a high value transfer capacity.
Moreover, there is a gradual increase in participation from large investors, further strengthening the network. This positive trend in the market reflects the growing confidence in the blockchain industry and the potential of TON.
In a positive turn of events, Bitcoin whales have shown a resurgence in buying interest after a two-month decline since March. This renewed vigor in purchasing demonstrates that current prices are deemed suitable for acquisition and accumulation, despite prevailing market apprehensions. This trend indicates a strong bullish sentiment among large-scale investors, which could potentially drive the market upward. The return of such buying force is a promising sign for the blockchain industry, suggesting a robust and resilient market outlook.
In the realm of blockchain, the Gini coefficient serves as a crucial indicator of wealth distribution among token holders. Recently, the TON Blockchain has exhibited a declining Gini coefficient, signifying a more equitable distribution of wealth among TON token holders.
The Gini coefficient is a measure of inequality, with values closer to 0 indicating a more equitable distribution, and values closer to 1 indicating a more unequal distribution. The decreasing Gini coefficient on the TON blockchain suggests a diminishing concentration of wealth, implying that more individuals or addresses are acquiring TON tokens in a more balanced manner.
This trend can be interpreted as an increase in participation and resource distribution within the TON network, a positive sign of enhanced decentralization and community inclusion. The TON Blockchain's increasing decentralization over time is a promising development for the blockchain industry, reflecting a healthy and inclusive growth trajectory.
The Gini coefficient is a measure of inequality, with values closer to 0 indicating a more equitable distribution, and values closer to 1 indicating a more unequal distribution. The decreasing Gini coefficient on the TON blockchain suggests a diminishing concentration of wealth, implying that more individuals or addresses are acquiring TON tokens in a more balanced manner.
This trend can be interpreted as an increase in participation and resource distribution within the TON network, a positive sign of enhanced decentralization and community inclusion. The TON Blockchain's increasing decentralization over time is a promising development for the blockchain industry, reflecting a healthy and inclusive growth trajectory.
In a recent analysis, the relationship between NUPL (Net Unrealized Profit/Loss) and market price was explored. NUPL, calculated by comparing market value and realized value, can signal potential local bottoms when it falls below 0. This is due to the last bitcoins sent being considered expensive, leading to a decrease in selling and price stabilization.
When NUPL rises above 0, it indicates an increase in market value, exceeding the unrealized value. This can psychologically initiate a rise or pullback at each quarter crossing. In bullish trends, NUPL typically hovers between 0.5 and 0.75, with the bull market ending when NUPL reaches 0.70 and above.
Currently, in a bull market, price increases are likely as long as NUPL stays within the 0.5 to 0.75 range. Pullbacks are considered buying opportunities. However, caution is advised when entering the greed phase at 0.75, as deep corrections may occur.
The EMA 121 was also included in the analysis, indicating areas of momentum gain and loss. It often acts as support and resistance, with deviations showing when to turn positions. The analysis concluded that the bull market is still ongoing, with no excess yet observed.
When NUPL rises above 0, it indicates an increase in market value, exceeding the unrealized value. This can psychologically initiate a rise or pullback at each quarter crossing. In bullish trends, NUPL typically hovers between 0.5 and 0.75, with the bull market ending when NUPL reaches 0.70 and above.
Currently, in a bull market, price increases are likely as long as NUPL stays within the 0.5 to 0.75 range. Pullbacks are considered buying opportunities. However, caution is advised when entering the greed phase at 0.75, as deep corrections may occur.
The EMA 121 was also included in the analysis, indicating areas of momentum gain and loss. It often acts as support and resistance, with deviations showing when to turn positions. The analysis concluded that the bull market is still ongoing, with no excess yet observed.
In a recent analysis of Coinbase netflow data, substantial Ethereum netflows were observed on three separate days in 2024, with figures reaching 134K, 120K, and 132K respectively. This pattern bears a striking resemblance to the large Bitcoin netflows witnessed prior to the approval of Bitcoin Spot ETFs, suggesting a potential correlation with the upcoming decision on the Ethereum Spot ETF.
The data also reveals a divergence between Coinbase and other exchanges, indicating a heightened interest in Ethereum among US investors compared to the rest of the world. It is speculated that unnamed institutions may be behind these significant daily purchases, as it seems unlikely that individuals are making such large investments.
The similarities in Coinbase-specific Bitcoin and Ethereum netflow data before the Spot ETF decision, coupled with the increased interest in Ethereum among US investors, paint an optimistic picture for the future of the cryptocurrency market. The final decision on the Ethereum Spot ETF is expected to be made this Friday.
The data also reveals a divergence between Coinbase and other exchanges, indicating a heightened interest in Ethereum among US investors compared to the rest of the world. It is speculated that unnamed institutions may be behind these significant daily purchases, as it seems unlikely that individuals are making such large investments.
The similarities in Coinbase-specific Bitcoin and Ethereum netflow data before the Spot ETF decision, coupled with the increased interest in Ethereum among US investors, paint an optimistic picture for the future of the cryptocurrency market. The final decision on the Ethereum Spot ETF is expected to be made this Friday.
In the latest blockchain market analysis, Net Taker Volume, a key metric measuring the difference between buying and selling volume facilitated by market orders, has shown significant activity in Ethereum. Market orders, which prioritize positioning over price, often indicate traders' willingness to pay more for immediate execution.
This trend was particularly evident following ETF Specialist James Settfort's announcement of a 75% likelihood for an Ethereum ETF. Binance traders responded swiftly, going long on Ethereum in substantial quantities. In a single trading period, Taker Buy Volume surpassed Taker Sell Volume by a staggering $530 million, marking the largest such differential ever recorded.
This surge in trading activity underscores the market's optimistic response to the potential Ethereum ETF. Binance traders, in particular, have shown enthusiasm for the Ethereum ETF news, exhibiting a fervor that suggests a strong belief in the future of Ethereum. This optimism bodes well for the overall health of the blockchain market.
This trend was particularly evident following ETF Specialist James Settfort's announcement of a 75% likelihood for an Ethereum ETF. Binance traders responded swiftly, going long on Ethereum in substantial quantities. In a single trading period, Taker Buy Volume surpassed Taker Sell Volume by a staggering $530 million, marking the largest such differential ever recorded.
This surge in trading activity underscores the market's optimistic response to the potential Ethereum ETF. Binance traders, in particular, have shown enthusiasm for the Ethereum ETF news, exhibiting a fervor that suggests a strong belief in the future of Ethereum. This optimism bodes well for the overall health of the blockchain market.
The Open Network (TON) Token, a leading layer one cryptocurrency, has outperformed Bitcoin by +118% since the start of the year. Analyzing trading sessions reveals investor sentiment towards TON. American investors are notably bullish, with significant price increases during their trading hours. Conversely, European traders are more bearish, with multiple instances of negative price changes. Asian traders show a balanced approach, aligning with past price trends. For short-term trading, long positions during US sessions are recommended, while shorting is advisable during the EU session.
The 60-Day Realized to Market Capitalization Variance (RCV) is a novel metric designed to scrutinize the disparity between Bitcoin's realized and market capitalization over a 60-day span. This variance is normalized by the average market capitalization, providing a transparent perspective on the correlation between these two pivotal financial indicators.
The RCV metric is composed of three components: Realized Capitalization, the aggregate market values of all Bitcoin at the last moved price, offering a more stable and less speculative value compared to market capitalization; Market Capitalization, the total market value of all circulating Bitcoin, calculated by multiplying the current price by the total supply; and RCV Calculation, the difference between the 60-day moving averages of market and realized capitalization, divided by the average market capitalization. This ratio aids in pinpointing significant discrepancies between speculative market value and a more intrinsic value based on actual transaction prices.
The RCV metric serves as a valuable instrument for investors and analysts. It can analyze market sentiment by comparing market and realized capitalizations, assist in making informed investment decisions during periods of significant variance, and aid in risk management by understanding the divergence between market perception and actual transactional data.
In conclusion, the 60-Day Realized to Market Capitalization Variance (RCV) metric is a potent tool for anyone analyzing Bitcoin's market performance, offering a nuanced view of the market by combining both speculative and intrinsic value assessments.
The RCV metric is composed of three components: Realized Capitalization, the aggregate market values of all Bitcoin at the last moved price, offering a more stable and less speculative value compared to market capitalization; Market Capitalization, the total market value of all circulating Bitcoin, calculated by multiplying the current price by the total supply; and RCV Calculation, the difference between the 60-day moving averages of market and realized capitalization, divided by the average market capitalization. This ratio aids in pinpointing significant discrepancies between speculative market value and a more intrinsic value based on actual transaction prices.
The RCV metric serves as a valuable instrument for investors and analysts. It can analyze market sentiment by comparing market and realized capitalizations, assist in making informed investment decisions during periods of significant variance, and aid in risk management by understanding the divergence between market perception and actual transactional data.
In conclusion, the 60-Day Realized to Market Capitalization Variance (RCV) metric is a potent tool for anyone analyzing Bitcoin's market performance, offering a nuanced view of the market by combining both speculative and intrinsic value assessments.
The MVRV Z-Score, a key on-chain metric, is a reliable tool for identifying market risk based on Bitcoin's realized value, effectively pinpointing high-risk and low-risk zones for long-term investment and dollar-cost averaging (DCA). The metric recently indicated a significant peak at the $72,000 range, previously observed near Bitcoin's all-time high in November 2021. Despite the current market risk being perceived as lower, the $72,000 range remains a short-term market ceiling.
For long-term investors, particularly those using a DCA strategy, it's crucial to exercise patience within these zones (specifically within the 3-4 range of the MVRV Z-Score) and optimize entry points. These zones are identified as high-risk areas, but cannot be definitively labeled as price ceilings.
The MVRV Z-Score has multiple applications. In low-risk areas, investors can accumulate, and as market risk increases, they can proceed with managed selling or add to their average investment during price corrections. Using this metric and others derived from Realized Cap, such as Realized Price and MVRV Ratio, are optimal tools for investing and estimating actual risk in the Bitcoin market.
For long-term investors, particularly those using a DCA strategy, it's crucial to exercise patience within these zones (specifically within the 3-4 range of the MVRV Z-Score) and optimize entry points. These zones are identified as high-risk areas, but cannot be definitively labeled as price ceilings.
The MVRV Z-Score has multiple applications. In low-risk areas, investors can accumulate, and as market risk increases, they can proceed with managed selling or add to their average investment during price corrections. Using this metric and others derived from Realized Cap, such as Realized Price and MVRV Ratio, are optimal tools for investing and estimating actual risk in the Bitcoin market.
In the midst of Ethereum's recent price fluctuation, investors are keenly observing the futures market to discern potential sentiment changes. The Ethereum Open Interest metric, which tracks the number of open perpetual futures contracts across different cryptocurrency exchanges, is being closely watched. High values hint at possible market volatility and trend persistence, whereas low values suggest a slowdown in the perpetual markets.
Following a brief period of sideways consolidation, Open Interest has seen a significant increase, indicating heightened futures market activity and more assertive long or short positions. This could signal a significant price movement in the near future, contingent on the direction of these positions. If the funding rates metric also increases, the market might witness a resurgence of bullish trends in the mid-term. However, this activity might bring increased volatility, hence traders are advised to proceed with caution.
Following a brief period of sideways consolidation, Open Interest has seen a significant increase, indicating heightened futures market activity and more assertive long or short positions. This could signal a significant price movement in the near future, contingent on the direction of these positions. If the funding rates metric also increases, the market might witness a resurgence of bullish trends in the mid-term. However, this activity might bring increased volatility, hence traders are advised to proceed with caution.
Recent blockchain data reveals that whales, or large-scale holders, have moved over $1 billion in Toncoin, indicating significant activity within the network. The majority of transactions, 99%, range from 0 to 100 TON, but their impact is minimal, moving only around 4 to 5 million TON. In contrast, transactions between 100,000 and 1 million TON account for 53% of the total volume, recently reaching 135 million TON. Transactions over 1 million TON represent 30% of the total volume.
This data suggests that TON whales have primary control over the blockchain and significantly influence the price of TONCOIN. In terms of dollar value, transactions over $1 million have set records, surpassing $1.3 billion moved in a single day. High volume spikes in these transactions tend to positively impact the price of TONCOIN.
In conclusion, TON whales play a pivotal role in the Toncoin market, significantly affecting its price. Monitoring these large transactions can provide valuable insights into the trends and fluctuations of TONCOIN's value.
#TON #TONCOIN #WHALE
This data suggests that TON whales have primary control over the blockchain and significantly influence the price of TONCOIN. In terms of dollar value, transactions over $1 million have set records, surpassing $1.3 billion moved in a single day. High volume spikes in these transactions tend to positively impact the price of TONCOIN.
In conclusion, TON whales play a pivotal role in the Toncoin market, significantly affecting its price. Monitoring these large transactions can provide valuable insights into the trends and fluctuations of TONCOIN's value.
#TON #TONCOIN #WHALE
In the blockchain market, new whales, defined as addresses holding over 1,000 BTC with a coin detention time of less than 6 months, have strategically accumulated Bitcoin around the $60,000 mark. This consistent purchasing behavior indicates that $60,000 has become a significant on-chain support level, bolstered by the substantial influx of institutional investors following the approval of Bitcoin spot ETFs. The average acquisition cost of these new whales is approximately $60,000, highlighting their entry confidence and the robustness of this price level as a floor for BTC.
In contrast, long-term whales, those holding more than 1,000 BTC for over 6 months, exhibit a stable realized price, reflecting their seasoned investment strategies and long-term accumulation approach. This stability serves as a benchmark for market stability and long-term support, often disregarding short-term market fluctuations.
The interaction between new and old whales’ realized prices presents a comprehensive view of market dynamics. The significant accumulation by new whales, supported by institutional investment and Bitcoin spot ETF approvals, reinforces the $60,000 support level. Meanwhile, the stability exhibited by long-term whales provides a foundational layer of confidence and strategic holding patterns. In summary, the $60,000 price point emerges as a critical on-chain support level, underpinned by both new whale accumulation and long-term holder stability.
In contrast, long-term whales, those holding more than 1,000 BTC for over 6 months, exhibit a stable realized price, reflecting their seasoned investment strategies and long-term accumulation approach. This stability serves as a benchmark for market stability and long-term support, often disregarding short-term market fluctuations.
The interaction between new and old whales’ realized prices presents a comprehensive view of market dynamics. The significant accumulation by new whales, supported by institutional investment and Bitcoin spot ETF approvals, reinforces the $60,000 support level. Meanwhile, the stability exhibited by long-term whales provides a foundational layer of confidence and strategic holding patterns. In summary, the $60,000 price point emerges as a critical on-chain support level, underpinned by both new whale accumulation and long-term holder stability.
In a recent analysis of Bitcoin's market movements, a clear trend of BTC outflows from exchanges to wallets has been observed, particularly following the test of the 73k zone. This trend becomes more pronounced when examining the data post-March 13.
On days represented by green candles, the number of bitcoins entering the market closely mirrors the numbers, while on the red days, there is a significant increase. This pattern of BTC movements is indicative of market sentiment.
When BTCs are transferred to exchanges, it typically creates a bearish expectation, suggesting that holders may be preparing to sell. Conversely, BTCs moving off-exchange increases the bullish expectation, implying that holders are anticipating a price increase and are therefore holding onto their assets.
This analysis, provided by KriptoBaykusV2, offers an optimistic outlook on the market, reinforcing the potential for growth and positive returns in the blockchain industry.
On days represented by green candles, the number of bitcoins entering the market closely mirrors the numbers, while on the red days, there is a significant increase. This pattern of BTC movements is indicative of market sentiment.
When BTCs are transferred to exchanges, it typically creates a bearish expectation, suggesting that holders may be preparing to sell. Conversely, BTCs moving off-exchange increases the bullish expectation, implying that holders are anticipating a price increase and are therefore holding onto their assets.
This analysis, provided by KriptoBaykusV2, offers an optimistic outlook on the market, reinforcing the potential for growth and positive returns in the blockchain industry.
In a recent analysis, the correlation between Bitcoin's price and the inflow of stablecoins into the market has been highlighted. The chart shows Bitcoin's price fluctuations over time and the amount of stablecoins entering the market. Notably, significant increases in stablecoin inflows often coincide with Bitcoin's price movements.
The recent spike in stablecoin inflows suggests a substantial increase in market liquidity. This influx can affect Bitcoin's supply and demand dynamics, potentially leading to increased price volatility. This analysis underscores the importance of monitoring stablecoin inflows as a key indicator of Bitcoin's price dynamics and market sentiment.
The recent spike in stablecoin inflows suggests a substantial increase in market liquidity. This influx can affect Bitcoin's supply and demand dynamics, potentially leading to increased price volatility. This analysis underscores the importance of monitoring stablecoin inflows as a key indicator of Bitcoin's price dynamics and market sentiment.
In a positive turn of events for the blockchain industry, the Coinbase premium is on the rise once again. This is an encouraging sign for the market, as it indicates a resurgence of buying patterns typically associated with Exchange Traded Fund (ETF) market makers.
Although the current premium level has not reached its previous peak of $200-300 seen during the acceleration phase, the re-emergence of these buying patterns is a promising indication of market recovery.
This analysis is based on on-chain data and market trends, providing a comprehensive view of the current state of the cryptocurrency market. The increasing Coinbase premium, coupled with the return of ETF market maker buying patterns, paints an optimistic picture for the future of the blockchain industry.
In conclusion, despite the volatility inherent in the cryptocurrency market, current data suggests a positive trend. The blockchain industry, it appears, is showing signs of resilience and potential growth.
Although the current premium level has not reached its previous peak of $200-300 seen during the acceleration phase, the re-emergence of these buying patterns is a promising indication of market recovery.
This analysis is based on on-chain data and market trends, providing a comprehensive view of the current state of the cryptocurrency market. The increasing Coinbase premium, coupled with the return of ETF market maker buying patterns, paints an optimistic picture for the future of the blockchain industry.
In conclusion, despite the volatility inherent in the cryptocurrency market, current data suggests a positive trend. The blockchain industry, it appears, is showing signs of resilience and potential growth.
In the wake of a significant increase in short positions alongside price rise in the crypto market, three potential outcomes are anticipated. Firstly, the price may continue to rise, leading to the liquidation of short positions. Alternatively, a persistent decline might ensue post-liquidation of short positions. Lastly, monitoring the liquidity of positions is advised as a decline is probable when short positions close.
Further, it's crucial to understand the funding rate indicator. A positive funding rate indicates a high long rate, with long position holders paying a commission to short position holders. Conversely, a negative funding rate signifies dominance of short positions, with short position holders paying a commission to long position holders. This mechanism helps maintain balance with the spot market. The market outlook remains optimistic despite these dynamics.
Further, it's crucial to understand the funding rate indicator. A positive funding rate indicates a high long rate, with long position holders paying a commission to short position holders. Conversely, a negative funding rate signifies dominance of short positions, with short position holders paying a commission to long position holders. This mechanism helps maintain balance with the spot market. The market outlook remains optimistic despite these dynamics.
In a recent analysis of Bitcoin's performance, it was observed that the cryptocurrency has once again bounced from the 85% level in terms of supply in profit. This is a significant indicator in bull markets, as it often presents an opportune moment for investors to initiate scaling in.
This pattern of Bitcoin bouncing back from the 85% supply in profit level has been consistent in previous bull markets. It is a positive sign that demonstrates the resilience and potential of Bitcoin as a leading cryptocurrency.
The market's optimistic outlook is further reinforced by this trend. It suggests that despite short-term fluctuations, the overall trajectory for Bitcoin remains upward. This provides a promising landscape for investors and further solidifies the importance of blockchain technology in the financial market.
The analysis was conducted by elcryptotavo, whose insights continue to provide valuable perspectives in the ever-evolving world of cryptocurrency.
This pattern of Bitcoin bouncing back from the 85% supply in profit level has been consistent in previous bull markets. It is a positive sign that demonstrates the resilience and potential of Bitcoin as a leading cryptocurrency.
The market's optimistic outlook is further reinforced by this trend. It suggests that despite short-term fluctuations, the overall trajectory for Bitcoin remains upward. This provides a promising landscape for investors and further solidifies the importance of blockchain technology in the financial market.
The analysis was conducted by elcryptotavo, whose insights continue to provide valuable perspectives in the ever-evolving world of cryptocurrency.
In the past year, Bitcoin's MVRV ratio has consistently surpassed its price, indicating that the cryptocurrency was relatively expensive for investment purposes. However, following the correction after its all-time high, Bitcoin's price has been stuck in the $60,000 - $65,000 range, showing a relatively horizontal movement.
During this period, the MVRV value experienced a roughly 30% correction, moving from the 3 zone to the 2 zone, positioning itself below the Bitcoin price curve. This could be interpreted as a buying zone for medium and long-term investors. The data loudly suggests that "Bitcoin is cheap now!"
This analysis provides a positive outlook for the market, indicating potential growth and favorable investment conditions.
During this period, the MVRV value experienced a roughly 30% correction, moving from the 3 zone to the 2 zone, positioning itself below the Bitcoin price curve. This could be interpreted as a buying zone for medium and long-term investors. The data loudly suggests that "Bitcoin is cheap now!"
This analysis provides a positive outlook for the market, indicating potential growth and favorable investment conditions.
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Turn $10 to $500 On Binance: New Crypto Arbitrage Strategy - Earn $20 In Minutes!
A few days ago, a profitable method on CoinMarketCap was shared. There's always a profit to be made with the right strategies. Here’s a step-by-step guide to help maximize earnings using Cyber Coin on Binance.
Search Cyber Coin: Go to CoinMarketCap and look for Cyber Coin.
Market Comparison: Check the different exchanges selling Cyber. Notice the price differences.
Buy Low, Sell High: On Binance, buy Cyber with USDT at a lower price.
Sell on Binance: Sell Cyber on a different pair for a higher price. Example: Buy Cyber/USDT at $6.12 and sell Cyber/TRY at $6.29.
Conversion: Convert the Turkish Lira back to USDT.
Steps in Detail:
Open Binance: Ensure you have capital. Start with as little as $10, but more capital means more profit.
Buy Cyber: Buy Cyber/USDT. For example, $1,000 will give approximately 163.23 Cyber.
Sell Cyber: Sell Cyber for TRY. Note the amounts and set your sell limit higher than the current selling price.
Swap Back to USDT: Convert TRY back to USDT. Ensure the exchange rate is profitable.
Important Tips:
Speed Matters: Be quick to catch the price differences.
Monitor Prices: Profits can fluctuate. Always check current rates before trading.
Simulation: Always simulate trades to ensure profitability.
Stay tuned for more crypto insights! 👍 Generous contributions support the mission, enabling diligent work to provide the best investment advice. Tips are instrumental in enhancing efforts to serve better.
Disclaimer: This strategy involves risks. Ensure to understand the market dynamics before investing. Happy trading!
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