OK, imagine the crypto world like a playground full of cool but very mysterious toys. There is Bitcoin the king of the garden who always sits on the throne, even though he sometimes slips due to the slippery floor called "volatility."
Ethereum, the smart little brother, always amazes people with its new tricks, such as NFTs and DeFi. But sometimes, he likes to mess up because the toys he creates are too complicated to make people confused and scratch their heads.
Then, there is the clown Dogecoin, which at first was just a joke, but suddenly became famous because the boss of Twitter, Elon Musk, liked to tweet about it. Every time Elon tweets, Dogecoin immediately jumps up and down with joy, making people jump to buy too, even though sometimes it ends up falling all together.
In the corner of the park, there is Solana which has just appeared and immediately become a favorite. But he often had muscle cramps, aka "network outages," making everyone have to wait patiently.
Meanwhile, there are also smaller coins that are trying hard to steal the spotlight. They are like little children who carry unique toys, but sometimes the toys explode and make everyone run away in fear.
This crypto park is indeed full of color and fun, but remember, if you want to play here, you have to wear a helmet and protective gear because you might slip or be hit by a falling toy!
Cardano Founder Says “Not Holding $ADA Is A Major Red Flag”
Charles Hoskinson responded to a sticky question on X (Twitter) to indirectly suggest people hold ADA coins amid this crypto bull run. Cardano is a popular Proof-of-Stake (PoS) scalable blockchain network, which is mainly known for its stability & innovative active development works. Charles Hoskinson, the co-founder of the Ethereum blockchain, founded Cardano in 2017 to use Cardano at the commercial level. Recently a Crypto X (formerly Twitter) user asked her followers whether she should inquire on her first date whether he holds ADA coins or not. Charles Hoskinson took the opportunity to respond to her and said that not holding the $ADA coin is a very big red flag. Cardano Foundation & blockchain voting In a recent interview, Cardano Foundation CEO Frederik Gregaard disclosed that they were approached by some US States to develop blockchain protocol to achieve a high level of transparency in the elections voting system. Frederik also said that similar kinds of efforts & inclinations toward blockchain technology are seen in the UK. As per experts’ opinion, the future of the voting system will be highly dependent on Blockchain technology, as the demand for transparency in digital works surged rapidly over the years. Now it will be interesting to see how the crypto entrepreneurs & blockchain developers will show interest in blockchain voting protocols for the government agencies. ADA price The current trade price of ADA coin is $0.57 & this trade price is 12% down over the last 7 days period. Last week, the trade price of this cryptocurrency was $0.65+ but crashed significantly because of the usual market sentiments.
#whatNext $BTC "Breaking out" refers to a significant price movement outside a previously established price range.
Price Patterns: Before a “breakout” occurs, prices usually move within a certain range for a significant period of time.
Trading Volume: A “breakout” is usually accompanied by an increase in trading volume indicating renewed interest from market participants.
Confirmation: It is important to wait for confirmation that a “breakout” has actually occurred before taking action, such as closing prices above or below a certain level for a significant period of time.
Support and Resistance Levels: Previously established support and resistance levels become important after a “breakout”.
Risk and Capital Management: While “breakouts” can provide profitable trading opportunities, the risk of loss also exists.
It is important to manage risk and capital wisely.
BlackRock Dominates Bitcoin ETF Market, Pushes Cryptocurrency to Record Highs
"BlackRock's IBIT surges ahead with a whopping $2.07 billion inflow in just one week, outpacing even MicroStrategy's Bitcoin holdings. Adding to its momentum, Fidelity's FBTC registers an impressive $700 million influx on March 12th. As the leading player among the top ten spot Bitcoin ETFs, BlackRock continues to dominate both in inflows and trading volume. This heightened interest in Bitcoin ETFs fuels a surge in cryptocurrency prices, propelling it to a new all-time high above $72,000."
$BTC $ETH BlackRock, a leading global investment management firm, has taken significant steps to manage risks associated with Bitcoin investments. In this endeavor, they have utilized Coinbase as the custodian for Bitcoin products they intend to issue as ETFs.
Additionally, BlackRock is developing a comprehensive risk management strategy for their Bitcoin ETF products, although specific details have not been openly disclosed.
The company has also forged integrations with technology and global institutions and integrated with popular crypto exchanges like Coinbase.
Furthermore, they have filed applications to establish Ethereum ETFs, offering an additional risk management strategy for crypto investments. BlackRock has also expressed intentions to release reports on crypto investments, aiding investors in risk management.
Moreover, BlackRock has identified the optimal portion of Bitcoin in investor portfolios at 84.9%, indicating their confidence in Bitcoin's long-term potential.
There are three reasons why a correction is necessary in the cryptocurrency market:
1. Addressing Overvaluation: Corrections are essential to regulate cryptocurrency market prices, ensuring they do not become excessively high or low.
2. Ensuring Market Balance: Corrections are required to help stabilize crypto assets and reduce high risks associated with elevated market prices.
3. Mitigating Risks: Corrections are necessary to mitigate the heightened risks that can occur when market prices are high, such as investment losses and unpaid loans.
The value trends of Bitcoin are often linked to global economic factors such as political instability, inflation, central bank monetary policies, and market uncertainty in traditional financial markets. For instance, some investors view Bitcoin as a hedge against potential inflation resulting from loose monetary policies adopted by central banks amidst the COVID-19 pandemic. Moreover, the increasing institutional adoption also significantly influences the crypto market. So, in the current global economic context, these factors can contribute to the potential rise in the value of Bitcoin to reach 70k or higher.
"Which contender will skyrocket to the moon?" ♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️
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Binance Announcement
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Binance Features NEXT Futures: Get Involved, Make Predictions, and Get Rewarded with Upcoming Listings on USDⓈ-M Futures
This announcement is general in nature. The products and services mentioned herein may not be available in your area. Hello Binancian, Binance is pleased to present Futures NEXT, a new platform that allows users to earn rewards by accurately predicting future token listings on USDⓈ-M Futures without incurring any fees or risks. How NEXT Futures Work Users can earn “Picks” for 1 USDT each in the NEXT Pool which can be used to predict future listings on Binance's USDⓈ-M futures market. Each user can allocate up to 100 “Picks” to each potential listing. For each successful prediction, the user is entitled to receive a USDT Futures Bonus Voucher or USDT Trading Fee Rebate Voucher based on the number of “Picks” allocated to the previous prediction. A reward multiplier will also be applied to the value of the reward voucher that users will receive. Users can also nominate new potential listings for the Futures NEXT platform with a Nomination Seed worth 2,000 USDT. Approved nominations will convert the Nomination Seed into “Picks”, thereby expanding the scope of predictions.Because users can always withdraw their “Picks” and convert them back to USDT after the Lockup Period, Futures NEXT is a risk-free platform for users to engage with the community, share market insight, and get rewards.