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@monkey004
一个会耍猴的交易员。X平台可关注monkey_004BA
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GMT's generous donation of hundreds of millions of dollars, will it sink into oblivion or stir up waves?
Recently, GMT announced its burning plan, giving away hundreds of millions of dollars in this burning plan activity. The reason is that GMT also wants to reflect its own value among many cryptocurrencies. Is GMT valuable? Is there a better development prospect in the future? Let's explore it together.
GMT burning purpose:
Reduce inflation: Burning tokens reduces the total supply, increasing the scarcity and potential value of tokens.
Incentivize user participation: Attract more users to participate in the ecosystem through governance mechanisms, and increase community activity and participation.
Promote long-term development: Ensure the sustainable development of the project through reasonable decision-making and token economic models.
GMT burning purpose:
Reduce inflation: Burning tokens reduces the total supply, increasing the scarcity and potential value of tokens.
Incentivize user participation: Attract more users to participate in the ecosystem through governance mechanisms, and increase community activity and participation.
Promote long-term development: Ensure the sustainable development of the project through reasonable decision-making and token economic models.
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THE may be the next explosive point and an opportunity to get rich quickly
In the past two years, the MEME track has been very popular. Perhaps many friends have also caught the opportunity and made a lot of money in the MEME track. Now there are often 200+ players competing in the MEME track. Where there is competition, there will be accidents. I believe that accidents are coming, perhaps at the end of January or mid-February in 2025. Friends always believe that the bubble is big and beautiful, but the bubble will eventually explode. Believe in a truth that there is no eternal interest. After Chuan Jianguo came to power in 2024, I knew that the bubble would be blown up very big. I have been exploring whether there is a new track to replace the MEME players until THE appears.
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Impact $10! $TIA
Detailed Explanation of TIA, Empowering Financial Freedom!
Understanding TIA:
1. Project Launch at the Beginning of 2023: Tomi Network was launched by a group of anonymous developers and decentralized organizations, aiming to provide a decentralized internet environment based on blockchain technology, with a particular focus on privacy protection and resistance to censorship.
2. TIA Token Issuance: TIA, as the native token of the Tomi Network, was introduced to provide economic incentives for network participants. TIA tokens are used to pay for network services, purchase bandwidth, and other resources.
3. DAO Governance Mechanism: Tomi Network adopts a DAO governance mechanism, allowing TIA token holders to participate in network management and decision-making through voting. This mechanism helps promote the community-driven development of the project.
1. Project Launch at the Beginning of 2023: Tomi Network was launched by a group of anonymous developers and decentralized organizations, aiming to provide a decentralized internet environment based on blockchain technology, with a particular focus on privacy protection and resistance to censorship.
2. TIA Token Issuance: TIA, as the native token of the Tomi Network, was introduced to provide economic incentives for network participants. TIA tokens are used to pay for network services, purchase bandwidth, and other resources.
3. DAO Governance Mechanism: Tomi Network adopts a DAO governance mechanism, allowing TIA token holders to participate in network management and decision-making through voting. This mechanism helps promote the community-driven development of the project.
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A group in free fighting!
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Such a strong promotion! By February 2025, it is highly likely to reach above the 1 dollar price level! $GMT
GMT's generous donation of hundreds of millions of dollars, will it sink into oblivion or stir up waves?
Recently, GMT announced its burning plan, giving away hundreds of millions of dollars in this burning plan activity. The reason is that GMT also wants to reflect its own value among many cryptocurrencies. Is GMT valuable? Is there a better development prospect in the future? Let's explore it together.
GMT burning purpose:
Reduce inflation: Burning tokens reduces the total supply, increasing the scarcity and potential value of tokens.
Incentivize user participation: Attract more users to participate in the ecosystem through governance mechanisms, and increase community activity and participation.
Promote long-term development: Ensure the sustainable development of the project through reasonable decision-making and token economic models.
GMT burning purpose:
Reduce inflation: Burning tokens reduces the total supply, increasing the scarcity and potential value of tokens.
Incentivize user participation: Attract more users to participate in the ecosystem through governance mechanisms, and increase community activity and participation.
Promote long-term development: Ensure the sustainable development of the project through reasonable decision-making and token economic models.
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Opportunity to get rich quickly! $THE
THE may be the next explosive point and an opportunity to get rich quickly
In the past two years, the MEME track has been very popular. Perhaps many friends have also caught the opportunity and made a lot of money in the MEME track. Now there are often 200+ players competing in the MEME track. Where there is competition, there will be accidents. I believe that accidents are coming, perhaps at the end of January or mid-February in 2025. Friends always believe that the bubble is big and beautiful, but the bubble will eventually explode. Believe in a truth that there is no eternal interest. After Chuan Jianguo came to power in 2024, I knew that the bubble would be blown up very big. I have been exploring whether there is a new track to replace the MEME players until THE appears.
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#GAS Where should GAS go?
GAS is really a love-hate relationship. I love it because it brought me $700,000 in profits in 2023, and I hate it because it gave me back $400,000 in profits. After closing the position at $28 (the best price in history was $32 in 2018), I started to go long at $16, which resulted in the current contract being held.
Is GAS a human or a ghost? GAS coin is a native token in the NEO blockchain ecosystem, mainly used to pay transaction fees on the network and the cost of executing smart contracts. It is a component of the NEO dual token system, and together with the NEO token, it constitutes the economic incentive model of the entire blockchain.
From the perspective of GAS functions and application scenarios, I personally am optimistic about its great potential in the long run.
Current market data (in US dollars)
Current price: about US$5.7 (as of press time)
24-hour fluctuation range: 5.50 - 5.80
52-week fluctuation range: $2.50 - $9.00
Technical indicator analysis
1. Support level:
The short-term support level is $5.50, which is the lowest price in recent times. If it falls below, it may further drop to $5.00.
The medium- and long-term support level is about $4.50, which is the key rebound point in the past few months.
2. Resistance level:
The first resistance level is $6.00, which is the upper edge of the recent consolidation area.
The second resistance level is $7.50, which is the main high point of the rebound in 2024.
3. Relative Strength Index (RSI):
The current RSI is around 45, indicating that the market has not yet entered the oversold or overbought range, and the short-term trend may tend to fluctuate.
4. Trading volume:
The 24-hour trading volume is about $22 million, indicating that the market trading enthusiasm is medium to low, and it is difficult to see large fluctuations in the short term.
Overall, the crypto market sentiment has warmed up, and mainstream coins have driven the overall rise.
Target price: If it breaks through $7.50, it may move towards $9.00 (52-week high).
Falling range: If it loses $5.00, it may fall further to $4.00-$4.50.
$GAS
GAS is really a love-hate relationship. I love it because it brought me $700,000 in profits in 2023, and I hate it because it gave me back $400,000 in profits. After closing the position at $28 (the best price in history was $32 in 2018), I started to go long at $16, which resulted in the current contract being held.
Is GAS a human or a ghost? GAS coin is a native token in the NEO blockchain ecosystem, mainly used to pay transaction fees on the network and the cost of executing smart contracts. It is a component of the NEO dual token system, and together with the NEO token, it constitutes the economic incentive model of the entire blockchain.
From the perspective of GAS functions and application scenarios, I personally am optimistic about its great potential in the long run.
Current market data (in US dollars)
Current price: about US$5.7 (as of press time)
24-hour fluctuation range: 5.50 - 5.80
52-week fluctuation range: $2.50 - $9.00
Technical indicator analysis
1. Support level:
The short-term support level is $5.50, which is the lowest price in recent times. If it falls below, it may further drop to $5.00.
The medium- and long-term support level is about $4.50, which is the key rebound point in the past few months.
2. Resistance level:
The first resistance level is $6.00, which is the upper edge of the recent consolidation area.
The second resistance level is $7.50, which is the main high point of the rebound in 2024.
3. Relative Strength Index (RSI):
The current RSI is around 45, indicating that the market has not yet entered the oversold or overbought range, and the short-term trend may tend to fluctuate.
4. Trading volume:
The 24-hour trading volume is about $22 million, indicating that the market trading enthusiasm is medium to low, and it is difficult to see large fluctuations in the short term.
Overall, the crypto market sentiment has warmed up, and mainstream coins have driven the overall rise.
Target price: If it breaks through $7.50, it may move towards $9.00 (52-week high).
Falling range: If it loses $5.00, it may fall further to $4.00-$4.50.
$GAS
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Just after Trump expressed this attitude, BTC officially released a photo of the cloud! Is this going to cause trouble? Air Force, please pay attention to stop loss! There is action! $BTC $BTC
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The method you need!
[In-depth Analysis] Guide to Cash Out and Cash U in Mainland China
Previously, I provided a buying guide for cryptocurrency friends, which has been read by over 100K people. In the buying guide, I mentioned the current chaotic situation of C2C, especially pointing out that most C2C merchants on the Binance platform do not operate according to the corresponding C2C rules, leading to attacks by a small number of merchants, which was expected. From the previously published articles, it also reflected the obstacles to purchasing and the difficulties in cashing out faced by cryptocurrency friends. Today, I will deeply analyze the issues of cashing out U and cash out in mainland China.
I. Legal Issues Faced
The People's Bank of China has explicitly prohibited token issuance financing (such as ICOs) and the operation of virtual currency exchanges since 2017 with the announcement on preventing the risks of token issuance financing. In 2021, the notice on further preventing and addressing the risks of virtual currency trading speculation further strengthened this regulation. It clearly states that overseas virtual currency exchanges providing services to residents in mainland China through the Internet are also considered illegal financial activities, and financial institutions and non-bank payment institutions may not provide services for virtual currency-related business activities. The notice emphasizes a strict crackdown on illegal operations, financial fraud, and other criminal activities related to virtual currency business activities.
I. Legal Issues Faced
The People's Bank of China has explicitly prohibited token issuance financing (such as ICOs) and the operation of virtual currency exchanges since 2017 with the announcement on preventing the risks of token issuance financing. In 2021, the notice on further preventing and addressing the risks of virtual currency trading speculation further strengthened this regulation. It clearly states that overseas virtual currency exchanges providing services to residents in mainland China through the Internet are also considered illegal financial activities, and financial institutions and non-bank payment institutions may not provide services for virtual currency-related business activities. The notice emphasizes a strict crackdown on illegal operations, financial fraud, and other criminal activities related to virtual currency business activities.
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[In-depth Analysis] Guide to Cash Out and Cash U in Mainland China
Previously, I provided a buying guide for cryptocurrency friends, which has been read by over 100K people. In the buying guide, I mentioned the current chaotic situation of C2C, especially pointing out that most C2C merchants on the Binance platform do not operate according to the corresponding C2C rules, leading to attacks by a small number of merchants, which was expected. From the previously published articles, it also reflected the obstacles to purchasing and the difficulties in cashing out faced by cryptocurrency friends. Today, I will deeply analyze the issues of cashing out U and cash out in mainland China.
I. Legal Issues Faced
The People's Bank of China has explicitly prohibited token issuance financing (such as ICOs) and the operation of virtual currency exchanges since 2017 with the announcement on preventing the risks of token issuance financing. In 2021, the notice on further preventing and addressing the risks of virtual currency trading speculation further strengthened this regulation. It clearly states that overseas virtual currency exchanges providing services to residents in mainland China through the Internet are also considered illegal financial activities, and financial institutions and non-bank payment institutions may not provide services for virtual currency-related business activities. The notice emphasizes a strict crackdown on illegal operations, financial fraud, and other criminal activities related to virtual currency business activities.
I. Legal Issues Faced
The People's Bank of China has explicitly prohibited token issuance financing (such as ICOs) and the operation of virtual currency exchanges since 2017 with the announcement on preventing the risks of token issuance financing. In 2021, the notice on further preventing and addressing the risks of virtual currency trading speculation further strengthened this regulation. It clearly states that overseas virtual currency exchanges providing services to residents in mainland China through the Internet are also considered illegal financial activities, and financial institutions and non-bank payment institutions may not provide services for virtual currency-related business activities. The notice emphasizes a strict crackdown on illegal operations, financial fraud, and other criminal activities related to virtual currency business activities.
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#BTC☀ Just now, the official account released a thought-provoking image on platform X, depicting a rabbit holding a Bitcoin hieroglyph. After searching for news, it seems BTC might have significant movements tonight, possibly breaking the $100,000 mark!
News:
Recently, the U.S. economy has shown solid performance, with the annual GDP growth rate for the third quarter reaching 2.8%. Consumer spending and non-residential fixed investment are the main driving factors. Although residential investment has decreased, strong exports and government spending have supported economic growth. The Federal Reserve's monetary policy still has a significant impact on the market, with an inverted yield curve persisting, but the economy remains resilient, and the likelihood of a recession in the short term is low.
Global stock markets have been significantly influenced by U.S. policies and factors in the Chinese market recently. The Federal Reserve may consider interest rate cuts in future policy meetings, which could provide potential benefits for global stock markets. Meanwhile, investors are closely monitoring the geopolitical situation and the further impact of the U.S. presidential election results on market sentiment.
Bitcoin's price movement prediction for the next two days:
1. Macroeconomic environment and market factors: The Federal Reserve's potential interest rate cuts could support risk assets, including Bitcoin. Additionally, Bitcoin's historical cycles indicate that following halving events, there is typically a strong price increase trend. Currently, Bitcoin is in an upward range and may continue to push towards the $100,000 target.
2. Short-term volatility: In the current high-volatility environment, influenced by macroeconomic data, U.S. policy adjustments, and market sentiment, Bitcoin's price may maintain high volatility characteristics over the next two days. Support is expected at $89,000, while resistance may be close to $100,000.
Attached: Officially released image
$BTC
News:
Recently, the U.S. economy has shown solid performance, with the annual GDP growth rate for the third quarter reaching 2.8%. Consumer spending and non-residential fixed investment are the main driving factors. Although residential investment has decreased, strong exports and government spending have supported economic growth. The Federal Reserve's monetary policy still has a significant impact on the market, with an inverted yield curve persisting, but the economy remains resilient, and the likelihood of a recession in the short term is low.
Global stock markets have been significantly influenced by U.S. policies and factors in the Chinese market recently. The Federal Reserve may consider interest rate cuts in future policy meetings, which could provide potential benefits for global stock markets. Meanwhile, investors are closely monitoring the geopolitical situation and the further impact of the U.S. presidential election results on market sentiment.
Bitcoin's price movement prediction for the next two days:
1. Macroeconomic environment and market factors: The Federal Reserve's potential interest rate cuts could support risk assets, including Bitcoin. Additionally, Bitcoin's historical cycles indicate that following halving events, there is typically a strong price increase trend. Currently, Bitcoin is in an upward range and may continue to push towards the $100,000 target.
2. Short-term volatility: In the current high-volatility environment, influenced by macroeconomic data, U.S. policy adjustments, and market sentiment, Bitcoin's price may maintain high volatility characteristics over the next two days. Support is expected at $89,000, while resistance may be close to $100,000.
Attached: Officially released image
$BTC
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Replace the status of USDT on Binance Exchange.
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TokenInsight 中文
--
Binance launches BFUSD, promising APY "will never be less than zero"
According to The Block, Binance is about to launch BFUSD, a "rewarded margin asset" designed to provide passive income.
The cryptocurrency exchange promised that the annual percentage yield (APY) of BFUSD "will not be less than zero" to protect holders from negative yields.
Binance officially launched BFUSD on Tuesday, this "rewarded margin asset" allows users to earn passive income by holding or trading futures, and the product is scheduled to go live on Wednesday (Asia time).
A Binance spokesperson told The Block: "BFUSD is a margin asset designed for futures trading that also provides passive income." He added: "BFUSD holders will enjoy a daily accumulated base APY, even if they do not trade futures, and eligible USDⓈ-Margin futures trading users will enjoy a higher enhanced APY on that day."
The cryptocurrency exchange promised that the annual percentage yield (APY) of BFUSD "will not be less than zero" to protect holders from negative yields.
Binance officially launched BFUSD on Tuesday, this "rewarded margin asset" allows users to earn passive income by holding or trading futures, and the product is scheduled to go live on Wednesday (Asia time).
A Binance spokesperson told The Block: "BFUSD is a margin asset designed for futures trading that also provides passive income." He added: "BFUSD holders will enjoy a daily accumulated base APY, even if they do not trade futures, and eligible USDⓈ-Margin futures trading users will enjoy a higher enhanced APY on that day."
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I have opened the X platform, my account is monkey_004BA, those interested in communication can try to follow.
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#meme板块关注热点 Bubble Scam! Last night I joined the meme live stream at Binance Square, and many people feel they are still deeply involved. As #CZ said, 'meme has become distorted,' small animal coins pop up from time to time. A word of advice for those investing in meme coins: beware of the bubble explosion in the meme sector!
Currently, the hot meme coin market reflects the diversity and speculation in the cryptocurrency field. However, its future development trend needs to be analyzed from the following perspectives:
1. Market Sentiment Driven
Meme coins are usually driven by social media trends and community support, such as DOGE (Dogecoin) and PEPE. These types of coins are susceptible to short-term market sentiment fluctuations. If future market enthusiasm for fun or socially driven tokens wanes, their value may quickly decline.
2. Increased Regulatory Pressure
As countries strengthen regulations on cryptocurrencies, meme coins may face stricter restrictions. Due to the lack of practical application scenarios and transparent development backgrounds, they are often seen as high-risk assets or even breeding grounds for scams.
3. Ecosystem and Practicality
If meme coins can find practical application scenarios (such as payment, NFT, or DeFi integration), or find entry points in emerging fields like the metaverse, they may achieve longer-term development. Otherwise, relying solely on speculation will be difficult to maintain long-term value.
4. Community and Cultural Influence
The core of meme coins is their community. If they can continuously attract more users and establish a loyal user base (such as DOGE gaining attention due to Elon Musk's support), their influence may persist in the long run.
5. Risks and Bubbles
The high volatility of the meme coin market attracts a large number of speculators but also brings significant risks. Most meme coins may fade away as the hype diminishes, and only a few projects with innovation or strong community support can survive.
Conclusion
In the future, the meme coin market may polarize: some innovative projects may stand out, while most will disappear as the market bubble bursts. For investors, it is crucial to carefully assess risks and avoid blindly following trends. If you are interested in meme coins, it is recommended to pay attention to projects with high community activity and strong team transparency, while also managing risks well.
Aside from doge, which has corresponding value in practical scenarios, other meme sector coins are not recommended for long-term investment. $DOGE
Currently, the hot meme coin market reflects the diversity and speculation in the cryptocurrency field. However, its future development trend needs to be analyzed from the following perspectives:
1. Market Sentiment Driven
Meme coins are usually driven by social media trends and community support, such as DOGE (Dogecoin) and PEPE. These types of coins are susceptible to short-term market sentiment fluctuations. If future market enthusiasm for fun or socially driven tokens wanes, their value may quickly decline.
2. Increased Regulatory Pressure
As countries strengthen regulations on cryptocurrencies, meme coins may face stricter restrictions. Due to the lack of practical application scenarios and transparent development backgrounds, they are often seen as high-risk assets or even breeding grounds for scams.
3. Ecosystem and Practicality
If meme coins can find practical application scenarios (such as payment, NFT, or DeFi integration), or find entry points in emerging fields like the metaverse, they may achieve longer-term development. Otherwise, relying solely on speculation will be difficult to maintain long-term value.
4. Community and Cultural Influence
The core of meme coins is their community. If they can continuously attract more users and establish a loyal user base (such as DOGE gaining attention due to Elon Musk's support), their influence may persist in the long run.
5. Risks and Bubbles
The high volatility of the meme coin market attracts a large number of speculators but also brings significant risks. Most meme coins may fade away as the hype diminishes, and only a few projects with innovation or strong community support can survive.
Conclusion
In the future, the meme coin market may polarize: some innovative projects may stand out, while most will disappear as the market bubble bursts. For investors, it is crucial to carefully assess risks and avoid blindly following trends. If you are interested in meme coins, it is recommended to pay attention to projects with high community activity and strong team transparency, while also managing risks well.
Aside from doge, which has corresponding value in practical scenarios, other meme sector coins are not recommended for long-term investment. $DOGE
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[Guidelines for Buying U, Withdrawing, and Exiting U in Mainland China] The following points can help avoid risks! (Purchase Section)
Recently, I often hear friends in the cryptocurrency circle mention that purchases and withdrawals have led to conversations with the hat uncle, and even penalties. Especially since the implementation of the anti-telecom fraud law in the mainland in December 2023, with stricter penalties starting in December 2024, patiently reading this article may be helpful for you!
Common methods used in the mainland:
1. Purchase with Bank Card
This method mainly targets large amounts and is the easiest to be exploited by criminals. Currently, major exchanges do not have strict audits for new merchants, and many criminals purchase others' identity information and bind bank cards to merchants.
Common methods used in the mainland:
1. Purchase with Bank Card
This method mainly targets large amounts and is the easiest to be exploited by criminals. Currently, major exchanges do not have strict audits for new merchants, and many criminals purchase others' identity information and bind bank cards to merchants.
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Dear fans, if it breaks 1.15, you can go long in the short term to 1.37
About #PNUT走高 here are useful data and indicators for you to analyze future development trends!
Recently, some fans asked me to discuss the trend of this cryptocurrency. To be honest, I have always considered this cryptocurrency to be a scam coin, and I personally do not have high hopes for it! Since fans made the request, I will share my personal opinion.
Punt is a virtual currency based on the Nutbox platform, associated with the Steem blockchain ecosystem. A review of the data clearly shows that Punt mainly relies on the community to realize its value, and in terms of investors and staking, Punt's performance is not impressive. This is also one of the important reasons why I am not optimistic! So let's take a simple look at the indicators and analyze the trend of this cryptocurrency using indicators.
In the past 30 days, the volatility reached 83%, and the current price around 1.1 is also below the 200-day moving average, indicating that it is under pressure to decline.
The current RSI is around 70.8, showing that it is in an overbought state, which also indicates a risk of correction. If market sentiment remains stable and the enthusiasm does not diminish, Punt may hold above the 1.1 price level. If market sentiment cools down, the price may test the support level of 1 dollar, with a lower support level at 0.75 dollars.
In summary, if market sentiment remains stable and high, the price of Punt is very likely to stay above 1.1 dollars. If BTC and ETH experience a significant correction, Punt may test the 1 dollar support level, with the strongest correction testing the 0.75 dollar support level.
If you find my brief message helpful, click follow to receive my information in a timely manner.
PS: In the future, pay close attention to ETH, with a favorable price around 4062 dollars, and BTC may correct to around 89000 dollars.
$BTC
$ETH
$SOL
Recently, some fans asked me to discuss the trend of this cryptocurrency. To be honest, I have always considered this cryptocurrency to be a scam coin, and I personally do not have high hopes for it! Since fans made the request, I will share my personal opinion.
Punt is a virtual currency based on the Nutbox platform, associated with the Steem blockchain ecosystem. A review of the data clearly shows that Punt mainly relies on the community to realize its value, and in terms of investors and staking, Punt's performance is not impressive. This is also one of the important reasons why I am not optimistic! So let's take a simple look at the indicators and analyze the trend of this cryptocurrency using indicators.
In the past 30 days, the volatility reached 83%, and the current price around 1.1 is also below the 200-day moving average, indicating that it is under pressure to decline.
The current RSI is around 70.8, showing that it is in an overbought state, which also indicates a risk of correction. If market sentiment remains stable and the enthusiasm does not diminish, Punt may hold above the 1.1 price level. If market sentiment cools down, the price may test the support level of 1 dollar, with a lower support level at 0.75 dollars.
In summary, if market sentiment remains stable and high, the price of Punt is very likely to stay above 1.1 dollars. If BTC and ETH experience a significant correction, Punt may test the 1 dollar support level, with the strongest correction testing the 0.75 dollar support level.
If you find my brief message helpful, click follow to receive my information in a timely manner.
PS: In the future, pay close attention to ETH, with a favorable price around 4062 dollars, and BTC may correct to around 89000 dollars.
$BTC
$ETH
$SOL
See original
About #PNUT走高 here are useful data and indicators for you to analyze future development trends!
Recently, some fans asked me to discuss the trend of this cryptocurrency. To be honest, I have always considered this cryptocurrency to be a scam coin, and I personally do not have high hopes for it! Since fans made the request, I will share my personal opinion.
Punt is a virtual currency based on the Nutbox platform, associated with the Steem blockchain ecosystem. A review of the data clearly shows that Punt mainly relies on the community to realize its value, and in terms of investors and staking, Punt's performance is not impressive. This is also one of the important reasons why I am not optimistic! So let's take a simple look at the indicators and analyze the trend of this cryptocurrency using indicators.
In the past 30 days, the volatility reached 83%, and the current price around 1.1 is also below the 200-day moving average, indicating that it is under pressure to decline.
The current RSI is around 70.8, showing that it is in an overbought state, which also indicates a risk of correction. If market sentiment remains stable and the enthusiasm does not diminish, Punt may hold above the 1.1 price level. If market sentiment cools down, the price may test the support level of 1 dollar, with a lower support level at 0.75 dollars.
In summary, if market sentiment remains stable and high, the price of Punt is very likely to stay above 1.1 dollars. If BTC and ETH experience a significant correction, Punt may test the 1 dollar support level, with the strongest correction testing the 0.75 dollar support level.
If you find my brief message helpful, click follow to receive my information in a timely manner.
PS: In the future, pay close attention to ETH, with a favorable price around 4062 dollars, and BTC may correct to around 89000 dollars.
$BTC
$ETH
$SOL
Recently, some fans asked me to discuss the trend of this cryptocurrency. To be honest, I have always considered this cryptocurrency to be a scam coin, and I personally do not have high hopes for it! Since fans made the request, I will share my personal opinion.
Punt is a virtual currency based on the Nutbox platform, associated with the Steem blockchain ecosystem. A review of the data clearly shows that Punt mainly relies on the community to realize its value, and in terms of investors and staking, Punt's performance is not impressive. This is also one of the important reasons why I am not optimistic! So let's take a simple look at the indicators and analyze the trend of this cryptocurrency using indicators.
In the past 30 days, the volatility reached 83%, and the current price around 1.1 is also below the 200-day moving average, indicating that it is under pressure to decline.
The current RSI is around 70.8, showing that it is in an overbought state, which also indicates a risk of correction. If market sentiment remains stable and the enthusiasm does not diminish, Punt may hold above the 1.1 price level. If market sentiment cools down, the price may test the support level of 1 dollar, with a lower support level at 0.75 dollars.
In summary, if market sentiment remains stable and high, the price of Punt is very likely to stay above 1.1 dollars. If BTC and ETH experience a significant correction, Punt may test the 1 dollar support level, with the strongest correction testing the 0.75 dollar support level.
If you find my brief message helpful, click follow to receive my information in a timely manner.
PS: In the future, pay close attention to ETH, with a favorable price around 4062 dollars, and BTC may correct to around 89000 dollars.
$BTC
$ETH
$SOL