#USUALSpotLaunch #MarketMajorComeback #MicroStrategyVsNasdaq #BTCNextDirection? #MicroStrategyVsNasdaq
Blockchain gaming tokens are significantly undervalued compared to other crypto sectors like Layer-1s and AI.

New projects like SuperVerse, Beam, and Wild are leading the charge.

The impending altcoin season, with the Altcoin Season Index surpassing 75%, is expected to fuel significant inflows into blockchain gaming.

Blockchain gaming is emerging as a major force in the crypto world, and analyst VirtualBacon believes the sector is still greatly undervalued. While categories like Layer-1 blockchains, AI, and meme coins have seen strong growth, gaming tokens only make up 0.4% of market dominance in the current bear market.

VirtualBacon sees this as a huge opportunity for investors, especially as altcoin season heats up and gaming tokens could potentially triple their market dominance during the next bull run.

Is the Gaming Sector Lagging?
In his recent analysis, VirtualBacon noted that while Layer-1 blockchains have seen their dominance grow from 5% to 9%, and AI has surged from 0.6% to 1.2%, the gaming sector has not experienced similar growth. However, the market capitalization of gaming altcoins has crossed the $32.2 billion mark, showing a renewed interest in Web3 gaming.

This sets the stage for significant growth in the gaming sector as attention shifts to blockchain-based gaming experiences.

Top Gaming Tokens for a 3X Surge
VirtualBacon has made gaming tokens his largest portfolio allocation, now at 14%. He believes several projects have strong potential for growth:

SuperVerse (SUPER)
Starting with the standout performer, SUPER has risen from $0.20 to $2.20 since November 2023. It has consistently outperformed Bitcoin, forming higher lows on the BTC ratio chart. Staking initiatives and the TON Station airdrop are credited with fueling its rise.

The main reason for this uptrend is that altcoins are not releasing a large amount of supply to the market for early investors in the bare market, diluting supply and adding to sell pressure.

#BURNGMT #BinanceMEOpening #MicroStrategyAcquiresBTC #AltSeasonBoom? #MarketCorrection
Solana (SOL) Price Analysis

Solana (SOL) is attempting a rebound in the current trading session as buyers look to keep it above the critical $200 level. Since last week, SOL has experienced significant volatility as it struggled to break above the 20-day EMA. Last Monday, SOL fell below the 20-day EMA by nearly 5%, dragging the price to $225. On Tuesday, sellers attempted to push the price lower as the price fell to an intraday low of $215. However, it recovered from this level, gaining nearly 4% to close at $234. On Wednesday, buyers attempted to break above the 20-day EMA but were unsuccessful as sellers pushed the price down by 1.98% to $229. On Thursday, volatility increased significantly as buyers and sellers tried to gain control. Buyers eventually prevailed, and SOL rose nearly 3% to close at $236.

On Friday, as SOL reached an intraday high of $246, buyers attempted to break through the 20-day moving average. However, after reaching this level, they lost momentum and fell back, with SOL only seeing a small rise to $238. As SOL approached resistance, it could only see a small rise on Saturday, rising to $238. On Sunday, SOL fell into losses and saw a small decline. On Monday, bearish sentiment increased significantly, and SOL fell to an intraday low of $203, and then stabilized at $217 after falling nearly 9%. The decline also caused SOL to fall below the key support level of $220. SOL fell slightly in the current trading session as buyers and sellers struggled to establish control. Sellers will try to push the price towards $200, while buyers will try to reclaim $220.

w#BinanceMEOpening #BuyTheDipOrWait #BURNGMT #MicroStrategyAcquiresBTC #BuyTheDipOrWait
Ethereum (ETH) Price Analysis

Ethereum (ETH) also fell sharply this week as the cryptocurrency market crashed. ETH had a fairly bullish start last week, falling nearly 2% to close at $3,645. On Tuesday, sellers maintained control, with ETH falling 0.76% to close at $3,617. Despite facing considerable selling pressure, ETH recovered somewhat on Wednesday, rising more than 6% to break $3,700 and close at $3,844. ETH faced huge volatility on Thursday as buyers and sellers struggled to establish control. As a result, ETH fell to an intraday low of $3,644, rose to an intraday high of $3,957, and then closed at $3,787 after falling 1.48%.

The price recovered on Friday, breaking through $4,000 and reaching an intraday high of $4,093. However, buyers lost momentum after reaching this level, and ETH eventually closed at $4,003, up nearly 6%. As sellers were active at this level, ETH fell slightly on Saturday, falling below $4,000 and closing at $3,999. On Sunday, sellers tried to lower the price, and ETH fell to a low of $3,924. However, it recovered from this level and closed at $4,007 with a small increase. ETH faced huge selling pressure at the beginning of the week due to the market crash. As a result, ETH fell to an intraday low of $3,504 due to a significant increase in selling pressure. However, buyers supported the price from this level and ETH eventually closed at $3,716, down more than 7%. ETH is up slightly on the current trading day as both buyers and sellers look to establish control.

If buyers maintain control, ETH could break through the $3,800 mark and push towards $4,000. On the other hand, if sellers regain control, ETH could drop to $3,600 or $3,500.

#BURNGMT #AmazonBitcoinMove #BinanceMEOpening #MicroStrategyAcquiresBTC #TokenUnlocks:APT,ADA,ENA Bitcoin (BTC) Price Analysis

Bitcoin (BTC) has significantly fallen against the backdrop of a major downturn in the cryptocurrency market, greatly increasing the losses for cryptocurrency traders. The decline can be attributed to escalating geopolitical tensions and deteriorating risk sentiment due to uncertainty over US interest rates. Additionally, after breaking through the coveted $100,000 mark, BTC faced a substantial amount of profit-taking. Traders also locked in profits from other major altcoins. The cryptocurrency market has received positive signals from several developments, such as the nomination of cryptocurrency-friendly candidates to key cabinet and regulatory positions. However, doubts have arisen about how much regulatory support Trump can provide, and analysts have dismissed the idea of establishing strategic reserves under Trump's leadership.

BTC's price chart shows that the asset has significantly declined over the past several trading days, falling below key support levels. The bullish sentiment for the asset has weakened in recent trading days, especially after reaching an all-time high last week, as traders locked in profits and geopolitical developments affected market sentiment. BTC opened lower last week, dropping 1.25% on Monday, then saw a slight decline on Tuesday, closing at $95,751, briefly falling below the 20-day moving average. However, on Wednesday, it rebounded strongly, gaining nearly 3% and closing at $98,851. On Thursday, BTC experienced unprecedented volatility, breaking through the critical $100,000 mark and reaching an all-time high of $103,900. However, buyers quickly lost momentum after reaching this level, leading to a price drop below the 20-day moving average, hitting a low of $92,285, before rebounding and closing at $97,093.

#BURNGMT #MicroStrategyAcquiresBTC #BinanceHODLerMOVE #BinanceMEOpening #AmazonBitcoinMove
This week has been a rough start for the cryptocurrency market, with Bitcoin (BTC) falling back to $94,000 at one point. The market has seen a complete bloodbath, with $1.5 billion in crypto derivatives positions being liquidated as a result of BTC’s decline. Prices eventually recovered to briefly climb above $98,000 before falling slightly below $97,000 to its current price of $96,878. BTC’s sudden crash has rocked the cryptocurrency market, with other altcoins seeing even bigger drops.

While BTC has fallen nearly 3% in the past 24 hours, Ethereum (ETH) has plunged more than 6% after failing to break $4,000 and is currently trading just below $3,700. Ripple (XRP) fell more than 13% to its current price of $2.14. Meanwhile, Solana (SOL) fell more than 7% as bearish sentiment persisted, with its price dropping to $215. Dogecoin (DOGE), Cardano (ADA), Tron (TRX), Avalanche (AVAX), Toncoin (TON), Chainlink (LINK), Polkadot (DOT), Stellar (XLM), Uniswap (UNI), and Litecoin (LTC) also saw significant declines, all posting double-digit losses. The cryptocurrency market cap fell sharply, dropping nearly 6% to $3.44 trillion.

Crypto Markets Take a Bum

Bitcoin (BTC) suddenly took a nosedive, with its price dropping to $94,000. While the price has recovered somewhat, it is still struggling to regain its footing above $97,000 and is currently trading at around $96,700. BTC’s fall had a knock-on effect on the market, with prominent altcoins seeing even bigger declines. Sellers still dominated as Ethereum (ETH) fell more than 6% and Ripple (XRP) dropped a staggering 13%. Dogecoin (DOGE), Polkadot (DOT) and other altcoins also plunged as crypto markets fell across the board.

Crypto derivatives markets were also hit hard, leaving them stunned. More than $1.5 billion in long and short positions were wiped out, according to Coinglass. Of that, $1.38 billion was in long positions, with the bloodbath affecting 514,384 traders as major altcoins took the bulk of the losses. The plunge was a stark reminder of the inherent volatility of the crypto ecosystem, where rapid price swings can wipe out gains and significantly amplify losses in a matter of minutes.

El Salvador scales back Bitcoin (BTC) ambitions

El Salvador is close to a $1.3 billion loan deal with the IMF. However, it must change its use of BTC as legal tender and reduce the government deficit. An IMF team is already in El Salvador to finalize the deal with Nayib Bukele’s government. The deal will receive $1 billion each from the World Bank and the Inter-American Development Bank. The loan will allow El Salvador to return to the international financial arena after years of isolation following its adoption of BTC as legal tender. The IMF strongly opposed the move, saying it endangers financial stability and integrity, and urged Bukele’s government to stop accepting cryptocurrencies as legal tender. Under the terms of the deal with the IMF, El Salvador will voluntarily let businesses accept BTC as a form of payment. It will also commit to reducing its budget deficit by three percentage points of GDP through spending cuts and tax increases. It will also have to pass an anti-corruption law and increase reserves from $11 billion to $15 billion.

#BURNGMT #AmazonBitcoinMove #MicroStrategyAcquiresBTC #BinanceMEOpening #MOVEOpening $BTC
As Bitcoin becomes increasingly popular, Anton Tkachev, a representative of the New People party in the State Duma of Russia, has officially proposed the establishment of a Strategic Bitcoin Reserve (SBR).

According to Russian state media, the proposal has been submitted to the Russian Minister of Finance, Anton Siluanov.

Will Russia establish a Strategic Bitcoin Reserve?

After the proposal by Anton Tkachev, a representative of the New People party in the State Duma of Russia, the country may join the growing number of nations considering the use of Bitcoin (BTC) for strategic purposes. The proposal has been sent to Minister of Finance Anton Siluanov, emphasizing the asset's potential as a hedge against sanctions, a financial stabilizer, and an investment tool amid geopolitical and economic uncertainty.

"Due to the sanctions against the country preventing the use of traditional international payment systems, cryptocurrency has almost become the only tool for international trade. The Central Bank of Russia is already prepared to launch a cryptocurrency cross-border payment experiment."

The Deputy Chairman of the State Duma emphasized that Bitcoin has the potential to facilitate international trade for countries with restricted access to traditional financial markets and payment systems. The proposal states,

"I ask you, dear Anton Germanovich, to assess the feasibility of establishing a Bitcoin Strategic Reserve in Russia, similar to the national reserves of traditional currencies. If this initiative is approved, I ask you to submit it to the Government of the Russian Federation for further implementation."

Russia's Shift to Cryptocurrency

The proposal aligns with Russia's strategy to counter sanctions and maintain financial independence through decentralized digital assets. Previously, Russian President Vladimir Putin also praised Bitcoin. At the VTB Investment Forum, Putin stated that no one can prohibit Bitcoin, calling it a necessary development for global finance. Russia recently exempted cryptocurrency mining from value-added tax and recognized the necessity of cryptocurrency mining.

Trader Peter Brandt announces the "most powerful chart" in cryptocurrency, believes major altcoins may follow suit

Veteran trader Peter Brandt believes that the recently surging major altcoins have one of the most bullish charts in cryptocurrency.

Brandt told his 760,700 followers on the social media platform X that the cross-border payment solution XRP is on the verge of a major breakout.

The trader shared a chart indicating that XRP's market capitalization has broken through the diagonal resistance of a massive triangle pattern that has kept the market bearish for over seven years.

"This is the most powerful chart in the entire cryptocurrency world XRPUSD."$XRP #BURNGMT #BinanceMEOpening #MarketCorrection #BuyTheDipOrWait #MOVEOpening

#BURNGMT #MicroStrategyAcquiresBTC #MarketCorrection #AltSeasonBoom? #MicroStrategyAcquiresBTC
As of this writing, Bitcoin is trading at $99,137, down slightly over the past 24 hours.

Arkham also revealed that the asset management giant is also rapidly gobbling up top smart contract platform Ethereum (ETH).

According to Arkham, BlackRock has bought $500 million worth of Ethereum last week, boosting its Ether balance by 50% over the past 30 days.

As of this writing, Ethereum is trading at $3,935, down 1.33% over the past 24 hours.

Arkham also revealed the BTC holdings of billionaire Elon Musk’s two tech companies, SpaceX and Tesla. According to the blockchain analytics firm, SpaceX and Tesla’s Bitcoin holdings are nearly 3 times higher than their average cost basis.

“Elon Musk’s company’s Bitcoin is now worth $2 billion.

Tesla: 11,509 Bitcoin ($1.17 billion);

SpaceX: 8,285 Bitcoin ($842 million).

The average purchase cost of these Bitcoins was $34,980 per Bitcoin, which means they made a profit of $1.3 billion (186%) on these purchases.”

BlackRock bought $2.6 billion worth of Bitcoin (BTC) in just one week: Arkham

New data from blockchain analytics firm Akham shows that asset management giant BlackRock has begun buying Bitcoin (BTC) in a big way.

In a new post on social media platform X, Arkham said that BlackRock, which manages more than $10 trillion in assets, bought billions of dollars worth of BTC in less than a week.

"BlackRock bought $2.6 billion worth of Bitcoin this week. The purchases are over $500 million a day."#BURNGMT #BinanceMEOpening #AmazonBitcoinMove #MicroStrategyAcquiresBTC #BinanceHODLerMOVE
$BTC $XRP $ETH

#BURNGMT #BinanceMEOpening #TokenUnlocks:APT,ADA,ENA #MOVEOpening #MarketCorrection
$SOL Florida Looking to Build Strategic Bitcoin Reserve with $185.7 Million Pension Fund, Political Strategist Says

Political strategist and Florida Blockchain Business Association (FBBA) President Samuel Armes says the Sunshine State is looking to launch a strategic Bitcoin (BTC) reserve.

Armes said in a post on social media platform X that with the support of pro-Bitcoin leaders, Florida is likely to build its own reserve of the leading crypto asset.

“There’s a good chance that Florida could build a strategic Bitcoin reserve this session, which starts in the first quarter of 2025.”

Armes said Florida could use a small portion of the state’s pension fund, which is already invested in Bitcoin and crypto-related assets, to build its crypto reserves.

“[We could] use our $185.7 billion pension fund (the fourth largest in the U.S.) to allocate a small portion of that to Bitcoin as a hedge against inflation… Just investing 1% of our pension fund in Bitcoin would give us $1.857 billion.”

Florida could also use its budget surplus to invest in Bitcoin without cutting back on basic services, he said.

“Inflation and time will eat away at any budget surplus we have. Investing just 1% of our surplus would give us $1.165 billion.”

Last month, Florida’s chief financial officer Jimmy Patronis said the state government already has $800 million worth of crypto-related investments and could potentially accumulate more.

“Cryptocurrency is not going away. It’s not going to shrink. It’s going to continue to expand, and I think we’d be fools if we weren’t prepared to do everything we can to take advantage of the opportunities that are out there.”

iYield was founded by Gentleman James, a crypto native and experienced DeFi investor.

Driven by his need for a better way to manage and track his crypto, including DeFi yields, and frustrated by juggling spreadsheets and multiple dashboards, James built iYield for investors like himself.

Unlike portfolio trackers that only display asset values, iYield reveals a full financial picture by also supporting debts, incomes and expenses – in both crypto and fiat.

iYield’s dashboard lets users compare returns from their DeFi positions side by side, eliminating uncertainty and offering them the clarity needed to make smarter, more informed decisions.

Simplified financial management

iYield has integrated over 16,000 tokens across 17 blockchains, 40 top DeFi, and staking protocols, along with all fiat currencies – into one unified platform.

This gives users real-time insights into their finances, empowering them to manage everything from one secure dashboard.

iYield enables users to track a broad range of assets, from Bitcoin and Eigenlayer restaking to Solana-based tokens, traditional savings accounts and daily expenses.

The platform includes tools for budgeting, financial forecasting and cash flow monitoring, helping users enhance their financial management and plan for long-term growth.

#BURNGMT #TokenUnlocks:APT,ADA,ENA #BinanceMEOpening #MarketCorrection #BuyTheDipOrWait

After the airdrop, MOVE will be available to trade in the MOVE/BTC, MOVE/USDT, MOVE/BNB, MOVE/FDUSD and MOVE/TRY trading pairs.

Binance is attaching a seed tag to MOVE, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.

Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.

Korean crypto exchange Upbit has also announced trading support for MOVE.

Hours after launch, MOVE is trading for $0.77 at time of writing, up 13.8% since going live. With a market cap of $1.7 billion, MOVE is the 86th largest crypto project. The project’s FDV, the current token price times the total supply, is at $7,708,019,888.

Earlier this year, the project caught the attention of venture capitalist Chris Burniske, who called Movement an ecosystem that could be the one to watch in the near future.

Move is a programming language originally built by a consortium backed by tech giant Meta for the now-defunct Diem project. It was then used to develop layer-1 blockchains Sui (SUI) and Aptos (APT).

Said Burniske,

“I think it’s worth paying attention to – even though it’s very small at this point – the Move ecosystem so things like Movement, Aptos, Sui…

People are not really talking about that ecosystem right now in a way that I find interesting, because I always like to go where people aren’t talking about something much. It’s an uncrowded wave that might get very good.”#BURNGMT #BinanceMEOpening #TokenUnlocks:APT,ADA,ENA #MOVEOpening #BuyTheDipOrWait

#BURNGMT #BinanceMEOpening #MarketCorrection #BuyTheDipOrWait #BinanceHODLerMOVE The round was led by Harbour Industrial Capital, with additional participation from O-DE Capital, NLS Ventures and strategic Polkadot ecosystem partners.

This milestone marks a pivotal step in Mandala Chain’s journey to onboard the next 100 million users into Web 3.0 through its innovative blockchain infrastructure and its focus on addressing real-world challenges in emerging markets.

Mathew Paul, CEO of Mandala Chain Foundation, said,

“We are deeply grateful for the confidence our investors have shown in our vision to make blockchain technology accessible and impactful for emerging markets.

“This funding will drive our efforts to deliver scalable, real-world solutions that empower and bridge the gap between expanding and established blockchain markets.”

Max Rebol, CEO of Harbour Industrial Capital, said,

“As a Polkadot ecosystem fund, we love to invest into projects that understand how to leverage Polkadot’s next-generation technology stack to enable mass adoption of Web 3.0.

“We are therefore thrilled to support Mandala Chain in building out services that solve real problems in one of the world’s most dynamic regions.”

This funding will enable Mandala Chain to scale its operations, build strategic partnerships and expand its presence in emerging markets.

With a focus on deploying practical real-world use cases, Mandala Chain aims to drive meaningful adoption of blockchain technology, starting with key initiatives in Indonesia.

#BURNGMT #BinanceMEOpening #MarketCorrection #BuyTheDipOrWait #MOVEOpening Crypto Investment Products Break Previous Record With $3,850,000,000 in Weekly Inflows: CoinShares

Digital assets manager CoinShares says institutional investors poured a record $3.85 billion into crypto investment vehicles last week.

In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a record in net inflows that brought yearly flows to $41 billion last week, also a new record.

“Digital asset investment products saw the largest weekly inflows on record last week totaling US$3.85bn, smashing the prior record set just a few weeks ago. This has pushed total inflows year-to-date (YTD) to US$41bn and total assets under management (AuM) to a new high of US$165bn — prior cycle highs in 2021 saw inflows of US$10.6bn and an AuM high of US$83bn.”