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The Power of Binance 🔥: Lessons from the $REEF Delisting
Recently, Binance, the world’s largest cryptocurrency exchange, issued a delisting notice for $REEF, causing its value to plummet dramatically. Following the announcement, $REEF experienced a staggering 1500% drop in price, emphasizing the volatility associated with low-volume and low-value tokens.
This extreme price reaction highlights the enormous influence that exchanges like Binance wield in the crypto market. A single delisting event can trigger massive sell-offs as panic sets in, particularly for tokens with low liquidity. Investors are often caught in a whirlwind of price crashes, reinforcing the need for proper research and risk management.
Why Delisting Matters
Delisting essentially removes a coin from an exchange's platform, preventing users from trading it there. Binance's delisting of $REEF sent a strong signal to the market that caused an immediate drop in value. This showcases the risks of trading in low-market-cap tokens, where price movements can be erratic and hard to predict.
Key Takeaway: Always DYOR
This case serves as a critical reminder: always Do Your Own Research (DYOR). Relying solely on market sentiment or trending coins can be risky. As crypto markets remain highly speculative, it's important to invest only in assets that have strong fundamentals and active communities. Low-volume coins, especially, are prone to manipulation and unexpected events like delistings.
For traders and investors, focusing on higher liquidity coins with solid project foundations may provide more stability. While high-risk, low-volume tokens can offer big rewards, they also come with severe risks, as evidenced by the $REEF situation.
Here's a look at the dramatic price drop of $REEF after Binance delisting announcement:
In conclusion, when trading or investing in the crypto world, always ensure you're fully informed about the assets you engage with, especially those susceptible to delisting or other market shocks. It's a volatile space where even small actions can have outsized impacts.
Recently, Binance, the world’s largest cryptocurrency exchange, issued a delisting notice for $REEF, causing its value to plummet dramatically. Following the announcement, $REEF experienced a staggering 1500% drop in price, emphasizing the volatility associated with low-volume and low-value tokens.
This extreme price reaction highlights the enormous influence that exchanges like Binance wield in the crypto market. A single delisting event can trigger massive sell-offs as panic sets in, particularly for tokens with low liquidity. Investors are often caught in a whirlwind of price crashes, reinforcing the need for proper research and risk management.
Why Delisting Matters
Delisting essentially removes a coin from an exchange's platform, preventing users from trading it there. Binance's delisting of $REEF sent a strong signal to the market that caused an immediate drop in value. This showcases the risks of trading in low-market-cap tokens, where price movements can be erratic and hard to predict.
Key Takeaway: Always DYOR
This case serves as a critical reminder: always Do Your Own Research (DYOR). Relying solely on market sentiment or trending coins can be risky. As crypto markets remain highly speculative, it's important to invest only in assets that have strong fundamentals and active communities. Low-volume coins, especially, are prone to manipulation and unexpected events like delistings.
For traders and investors, focusing on higher liquidity coins with solid project foundations may provide more stability. While high-risk, low-volume tokens can offer big rewards, they also come with severe risks, as evidenced by the $REEF situation.
Here's a look at the dramatic price drop of $REEF after Binance delisting announcement:
In conclusion, when trading or investing in the crypto world, always ensure you're fully informed about the assets you engage with, especially those susceptible to delisting or other market shocks. It's a volatile space where even small actions can have outsized impacts.
PINNED
Crypto whale's are scammers
wow this scammers manipulating the market should be arrested,like how? This is pure scam like seriously.Lost all in few minute.
Loosing trust in crypto
wow this scammers manipulating the market should be arrested,like how? This is pure scam like seriously.Lost all in few minute.
Loosing trust in crypto
5 effective ways to Protect Your Cryptocurrencies from Hacking and Maintain Security on Binance
To protect your cryptocurrencies from hacking and maintain security on Binance or any other platform, consider implementing the following strategies:
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1. Enable Two-Factor Authentication (2FA)
Why: Adds an extra layer of security by requiring a second authentication method (e.g., Google Authenticator or SMS) in addition to your password.
How to Set It Up on Binance:
Go to Security Settings on Binance.
Select Enable 2FA and follow the prompts for Google Authenticator or SMS verification.
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1. Enable Two-Factor Authentication (2FA)
Why: Adds an extra layer of security by requiring a second authentication method (e.g., Google Authenticator or SMS) in addition to your password.
How to Set It Up on Binance:
Go to Security Settings on Binance.
Select Enable 2FA and follow the prompts for Google Authenticator or SMS verification.
Why Is Aptos (APT) Price Pumping?
The price of Aptos (APT) has been experiencing a notable pump due to several factors:
1. Increased On-Chain Activity: Over the past month, Aptos has seen a surge in user engagement, with daily active addresses rising by 115% and transaction volume growing by 373%. This reflects heightened activity in its decentralized finance (DeFi) ecosystem, where the total value locked (TVL) has climbed 67%, reaching $909 million.
2. Technicals and Market Sentiment: Technical indicators like bullish EMA
1. Increased On-Chain Activity: Over the past month, Aptos has seen a surge in user engagement, with daily active addresses rising by 115% and transaction volume growing by 373%. This reflects heightened activity in its decentralized finance (DeFi) ecosystem, where the total value locked (TVL) has climbed 67%, reaching $909 million.
2. Technicals and Market Sentiment: Technical indicators like bullish EMA
On November 20, 2023, Bitcoin's price closed at $37,555.87, reflecting its steady consolidation during that period.
Fast forward to today, November 20, 2024, Bitcoin is trading at approximately $92,850, marking a dramatic surge of over 147% in just one year. This rise reflects renewed institutional interest, ETF approvals, and increased adoption across financial markets. Such growth highlights Bitcoin’s volatility and potential as a store of value.
The significant jump in price also aligns with broader trends in the cryptocurrency market, where global macroeconomic conditions and digital asset adoption continue to play key roles.
$BTC
Fast forward to today, November 20, 2024, Bitcoin is trading at approximately $92,850, marking a dramatic surge of over 147% in just one year. This rise reflects renewed institutional interest, ETF approvals, and increased adoption across financial markets. Such growth highlights Bitcoin’s volatility and potential as a store of value.
The significant jump in price also aligns with broader trends in the cryptocurrency market, where global macroeconomic conditions and digital asset adoption continue to play key roles.
$BTC
What happens when Bitcoin Hits 100k
When Bitcoin hits $100K, the crypto world will erupt in celebration! 🌍 This milestone will likely bring:
1. Massive Media Attention: Mainstream headlines will ignite curiosity among the masses.
2. Increased Adoption: Retail and institutional interest could skyrocket.
3. Altcoin Rally: Bitcoin's surge often boosts the entire market.
4. Regulatory Spotlight: Governments may step up their scrutiny.
5. Wealth Effects: Early adopters may cash out, while new money flows in.
It will solidify Bit
1. Massive Media Attention: Mainstream headlines will ignite curiosity among the masses.
2. Increased Adoption: Retail and institutional interest could skyrocket.
3. Altcoin Rally: Bitcoin's surge often boosts the entire market.
4. Regulatory Spotlight: Governments may step up their scrutiny.
5. Wealth Effects: Early adopters may cash out, while new money flows in.
It will solidify Bit
Goldman Sachs To Spin Out Crypto Platform
Goldman Sachs is preparing to spin out its crypto platform and create a new company focused on creating and trading financial instruments on various blockchain networks. The bank revealed it is speaking to potential collaborators to add to the platform’s capabilities and help develop new offerings. Mathew McDermott, Goldman’s Head of Digital Assets, said the spinout would be completed in 12-18 months, depending on regulatory approvals, stating it was in the market's best interest to have something industry-owned. He also revealed Goldman Sachs was planning to create marketplaces for tokenized real-world assets and focus on the “fund complex” in the United States and European debt markets.
The bank will target large financial institutions over retail investors, and the new products will depend entirely on permissioned blockchains
#COSSocialFiRevolution #Write2Earn $BNB
Goldman Sachs is preparing to spin out its crypto platform and create a new company focused on creating and trading financial instruments on various blockchain networks. The bank revealed it is speaking to potential collaborators to add to the platform’s capabilities and help develop new offerings. Mathew McDermott, Goldman’s Head of Digital Assets, said the spinout would be completed in 12-18 months, depending on regulatory approvals, stating it was in the market's best interest to have something industry-owned. He also revealed Goldman Sachs was planning to create marketplaces for tokenized real-world assets and focus on the “fund complex” in the United States and European debt markets.
The bank will target large financial institutions over retail investors, and the new products will depend entirely on permissioned blockchains
#COSSocialFiRevolution #Write2Earn $BNB
Trump Media In Talks To Buy Crypto Trading Platform Bakkt
Trump Media is in advanced talks to buy crypto trading platform Bakkt, sending shares of the platform soaring. The company, majority-owned by President-elect Donald Trump, also operates the Truth Social app, also saw its shares surge following the reports. Kelly Loeffler, a former CEO of Bakkt, is the co-chair of Trump’s inauguration committee. Bakkt went public in 2021 and generated over $50 million in revenue last year, according to data from FactSet. The exchange’s current market capitalization is just over $400 million.
Trump is also set to meet Coinbase CEO Brian Armstrong in the pair’s first meeting since the election. However, details on the meeting’s agenda remain unclear. The meeting comes as Trump picks his cabinet and decides on other crucial roles. The President-elect plans to appoint a Bitcoin and crypto advisory council. Armstrong has publicly supported Hester Pierce, a Trump SEC Commissioner to lead the regulator. Coinbase also contributed over $100 million to various political action committees.
$DOGE
Trump Media is in advanced talks to buy crypto trading platform Bakkt, sending shares of the platform soaring. The company, majority-owned by President-elect Donald Trump, also operates the Truth Social app, also saw its shares surge following the reports. Kelly Loeffler, a former CEO of Bakkt, is the co-chair of Trump’s inauguration committee. Bakkt went public in 2021 and generated over $50 million in revenue last year, according to data from FactSet. The exchange’s current market capitalization is just over $400 million.
Trump is also set to meet Coinbase CEO Brian Armstrong in the pair’s first meeting since the election. However, details on the meeting’s agenda remain unclear. The meeting comes as Trump picks his cabinet and decides on other crucial roles. The President-elect plans to appoint a Bitcoin and crypto advisory council. Armstrong has publicly supported Hester Pierce, a Trump SEC Commissioner to lead the regulator. Coinbase also contributed over $100 million to various political action committees.
$DOGE
Uniswap (UNI) Price Analysis
Uniswap (UNI) registered a significant decline during the previous week but has made an impressive recovery to climb above $9 at the beginning of the week. UNI surged to an intraday high of $10.77 on Tuesday but lost momentum after reaching this level, allowing sellers to take control. As a result, UNI plummeted to a low of $8.64 before recovering to settle at $8.96, a decline of just over 4%. Bearish sentiment persisted on Wednesday and Thursday as UNI fell by 3.70% and 5.31% to settle at $8.17.
Source: TradingView
UNI recovered on Friday after falling to an intraday low of $7.87, rising almost 5% to settle at $8.56. Bullish sentiment persisted on Saturday as UNI rose nearly 6% to reclaim $9 and settle at $9.06. However, the price fell back in the red on Sunday, dropping by 3.60% and settling at $8.73. Buyers returned to the market on Monday as UNI registered a substantial increase of 5.75% and settled at $9.23. The current session sees the price marginally down as buyers and sellers struggle to establish control. Sellers will look to drive UNI below $9. In such a scenario, UNI could drop to its support level of $8.50. On the other hand, if buyers regain control, we could see an attempt to move above $9.50.
$UNI
Uniswap (UNI) registered a significant decline during the previous week but has made an impressive recovery to climb above $9 at the beginning of the week. UNI surged to an intraday high of $10.77 on Tuesday but lost momentum after reaching this level, allowing sellers to take control. As a result, UNI plummeted to a low of $8.64 before recovering to settle at $8.96, a decline of just over 4%. Bearish sentiment persisted on Wednesday and Thursday as UNI fell by 3.70% and 5.31% to settle at $8.17.
Source: TradingView
UNI recovered on Friday after falling to an intraday low of $7.87, rising almost 5% to settle at $8.56. Bullish sentiment persisted on Saturday as UNI rose nearly 6% to reclaim $9 and settle at $9.06. However, the price fell back in the red on Sunday, dropping by 3.60% and settling at $8.73. Buyers returned to the market on Monday as UNI registered a substantial increase of 5.75% and settled at $9.23. The current session sees the price marginally down as buyers and sellers struggle to establish control. Sellers will look to drive UNI below $9. In such a scenario, UNI could drop to its support level of $8.50. On the other hand, if buyers regain control, we could see an attempt to move above $9.50.
$UNI
Aptos (APT) Price Analysis
Aptos’s (APT) momentum has stalled over the past few sessions as it struggles to build momentum and reclaim $12. APT started the previous week on a very bullish note, surging almost 26% and settling at $13.72. However, buyers lost momentum after reaching this level, and APT registered a drastic drop on Tuesday, falling to an intraday low of $11.49 before recovering and settling at $12.36. Wednesday saw a substantial uptick in volatility as buyers attempted to regain control. Sellers ultimately gained the upper hand, and APT dropped over 5% to slip below $12 and settle at $11.73. Bearish sentiment persisted on Thursday as sellers thwarted another recovery to push APT down by 4.23% to $11.23.
Source: TradingView
APT recovered on Friday, registering an increase of 5.66% to move to $11.87. Buyers retained control on Saturday as APT reclaimed $12 and moved to $12.30 but fell back in the red on Sunday, dropping over 4% and settling at $11.78. The current week began with APT reclaiming $12 and settling at $12.04. However, the price is back in the red during the current session, down 2.46% and trading at $11.75.
$APT
Aptos’s (APT) momentum has stalled over the past few sessions as it struggles to build momentum and reclaim $12. APT started the previous week on a very bullish note, surging almost 26% and settling at $13.72. However, buyers lost momentum after reaching this level, and APT registered a drastic drop on Tuesday, falling to an intraday low of $11.49 before recovering and settling at $12.36. Wednesday saw a substantial uptick in volatility as buyers attempted to regain control. Sellers ultimately gained the upper hand, and APT dropped over 5% to slip below $12 and settle at $11.73. Bearish sentiment persisted on Thursday as sellers thwarted another recovery to push APT down by 4.23% to $11.23.
Source: TradingView
APT recovered on Friday, registering an increase of 5.66% to move to $11.87. Buyers retained control on Saturday as APT reclaimed $12 and moved to $12.30 but fell back in the red on Sunday, dropping over 4% and settling at $11.78. The current week began with APT reclaiming $12 and settling at $12.04. However, the price is back in the red during the current session, down 2.46% and trading at $11.75.
$APT
Chainlink (LINK) Price Analysis
Chainlink (LINK) has made an impressive recovery after a substantial decline the previous week. However, it is struggling to maintain its position above $15 as sellers look to lower the price. LINK began declining on Tuesday after failing to push above $15. As a result, the price fell by 6.56% and settled at $13.95. Wednesday saw a substantial increase in volatility as buyers and sellers struggled to exert control. Ultimately, buyers gained the upper hand, and LINK fell over 3% to $13.50. LINK continued to drop on Thursday, falling by 3.70% and settling at $13, a crucial support level.
Source: TradingView
LINK recovered from this level on Friday, registering an increase of 6.33% and settling at $13.83. Bullish sentiment persisted on Saturday as LINK rose by 5.02% to reclaim $14 and settled at $14.52. However, the price fell back on Sunday as buyers lost momentum, dropping over 5%, going below $14 and settling at $13.78. The current week began with bullish sentiment returning to the market as LINK soared almost 11% on Monday to go above the $15 resistance level, reaching an intraday high of $16.01 before declining and settling at $15.27. However, LINK is back in the red during the current session, with the price down by 1.37% as sellers look to drive it below $15.
$LINK
Chainlink (LINK) has made an impressive recovery after a substantial decline the previous week. However, it is struggling to maintain its position above $15 as sellers look to lower the price. LINK began declining on Tuesday after failing to push above $15. As a result, the price fell by 6.56% and settled at $13.95. Wednesday saw a substantial increase in volatility as buyers and sellers struggled to exert control. Ultimately, buyers gained the upper hand, and LINK fell over 3% to $13.50. LINK continued to drop on Thursday, falling by 3.70% and settling at $13, a crucial support level.
Source: TradingView
LINK recovered from this level on Friday, registering an increase of 6.33% and settling at $13.83. Bullish sentiment persisted on Saturday as LINK rose by 5.02% to reclaim $14 and settled at $14.52. However, the price fell back on Sunday as buyers lost momentum, dropping over 5%, going below $14 and settling at $13.78. The current week began with bullish sentiment returning to the market as LINK soared almost 11% on Monday to go above the $15 resistance level, reaching an intraday high of $16.01 before declining and settling at $15.27. However, LINK is back in the red during the current session, with the price down by 1.37% as sellers look to drive it below $15.
$LINK
Injective (INJ) Price Analysis
Injective (INJ) has seen significant volatility over the past week as buyers attempt to push the price above $27 and sellers look to drive it below the moving averages. INJ started the previous week on a bullish note, rising almost 5% to settle at $26.89. However, with sellers active at this level, INJ dipped nearly 9%, falling to an intraday low of $23.47 before recovering and settling at $24.50. INJ registered a substantial increase in volatility on Wednesday as it surged to an intraday high of $27.08 and fell to an intraday low of $22.34 before settling at $24.15. Buyers attempted a recovery on Thursday, pushing INJ to an intraday high of $25.87. However, they lost momentum after reaching this level, and sellers took control, driving the price down by 3.62% to $23.27.
Source: TradingView
Despite overwhelming selling pressure, INJ recovered on Friday, rising by 5.66% and settling at $24.59. Bullish sentiment persisted on Saturday with INJ rising just over 5% and settling at $25.84. INJ surged to an intraday high of $27.20 on Sunday as buyers attempted to break past the resistance. However, sellers overwhelmed buyers, and INJ fell back in the red, dropping by 5.02% and settling at $24.54. The current week began positively, as buyers returned to the market, helping INJ register an increase of 4.78% and settle at $25.72. INJ is marginally down during the ongoing session as buyers and sellers struggle to establish control
$INJ
Injective (INJ) has seen significant volatility over the past week as buyers attempt to push the price above $27 and sellers look to drive it below the moving averages. INJ started the previous week on a bullish note, rising almost 5% to settle at $26.89. However, with sellers active at this level, INJ dipped nearly 9%, falling to an intraday low of $23.47 before recovering and settling at $24.50. INJ registered a substantial increase in volatility on Wednesday as it surged to an intraday high of $27.08 and fell to an intraday low of $22.34 before settling at $24.15. Buyers attempted a recovery on Thursday, pushing INJ to an intraday high of $25.87. However, they lost momentum after reaching this level, and sellers took control, driving the price down by 3.62% to $23.27.
Source: TradingView
Despite overwhelming selling pressure, INJ recovered on Friday, rising by 5.66% and settling at $24.59. Bullish sentiment persisted on Saturday with INJ rising just over 5% and settling at $25.84. INJ surged to an intraday high of $27.20 on Sunday as buyers attempted to break past the resistance. However, sellers overwhelmed buyers, and INJ fell back in the red, dropping by 5.02% and settling at $24.54. The current week began positively, as buyers returned to the market, helping INJ register an increase of 4.78% and settle at $25.72. INJ is marginally down during the ongoing session as buyers and sellers struggle to establish control
$INJ
Solana (SOL) Price Analysis
Solana (SOL) started the week positively, surging past $225. However, it faces considerable resistance at $250, with sellers preventing a move above this level. SOL lost momentum the previous week after starting it positively, rising almost 6% and settling at $222. Sellers took control on Tuesday as SOL dropped by 4.69% and settled at $211. Sellers continued influencing the price on Wednesday as SOL dropped to an intraday low of $201. However, it recovered from this level to register an increase of 1.69% and ended the day at $215. Buyers attempted to build on Wednesday’s momentum as SOL reached an intraday high of $222 on Thursday. However, the price fell after reaching this level, dropping almost 3% to $209.
Source: TradingView
SOL recovered on Friday as it attempted to break out of its trading range, rising over 4% and settling at $218. The weekend began with a decline as SOL dropped 1.30% on Saturday and settled at $215. However, bullish sentiment returned on Sunday as SOL rallied over 10% to surge past $225 and settle at $237, ending the weekend on a bullish note. Bullish sentiment persisted on Monday as SOL rose to an intraday high of $248, with bulls setting their sights at $250. However, with sellers active at this level, SOL fell back to settle at $239, an increase of 1.04%. The current session sees SOL marginally up, trading at $241 as buyers look to build momentum and retest the resistance at $250. On the other hand, sellers will attempt to retake control and drive the price below $225.
$SOL
Solana (SOL) started the week positively, surging past $225. However, it faces considerable resistance at $250, with sellers preventing a move above this level. SOL lost momentum the previous week after starting it positively, rising almost 6% and settling at $222. Sellers took control on Tuesday as SOL dropped by 4.69% and settled at $211. Sellers continued influencing the price on Wednesday as SOL dropped to an intraday low of $201. However, it recovered from this level to register an increase of 1.69% and ended the day at $215. Buyers attempted to build on Wednesday’s momentum as SOL reached an intraday high of $222 on Thursday. However, the price fell after reaching this level, dropping almost 3% to $209.
Source: TradingView
SOL recovered on Friday as it attempted to break out of its trading range, rising over 4% and settling at $218. The weekend began with a decline as SOL dropped 1.30% on Saturday and settled at $215. However, bullish sentiment returned on Sunday as SOL rallied over 10% to surge past $225 and settle at $237, ending the weekend on a bullish note. Bullish sentiment persisted on Monday as SOL rose to an intraday high of $248, with bulls setting their sights at $250. However, with sellers active at this level, SOL fell back to settle at $239, an increase of 1.04%. The current session sees SOL marginally up, trading at $241 as buyers look to build momentum and retest the resistance at $250. On the other hand, sellers will attempt to retake control and drive the price below $225.
$SOL
Ethereum (ETH) Price Analysis
Ethereum (ETH) failed to push above $3,400 at the beginning of last week, with sellers driving the price down considerably. However, buyers kept the price above $3,000, preventing a further decline. ETH started the previous week on a highly bullish note as the price surged almost 6% to go above $3,300 and settle at $3,373. Buyers attempted a move to $3,500 on Tuesday as ETH reached an intraday high of $3,443 before losing momentum. As a result, sellers took control and drove the price down by 3,78% to $3,246. ETH registered a significant increase in volatility on Wednesday, rising to an intraday high of $3,338 and falling to an intraday low of $3,120 before settling at $3,191, a drop of almost 2%. Bearish sentiment persisted on Thursday as ETH fell by 4.12% to $3,059, struggling to stay above $3,000.
Source: TradingView
ETH fell to an intraday low of $3,013 on Friday but recovered to register an increase of 0.99% and settle at $3,090. The weekend began with buyers in control on Saturday as the price rose to an intraday high of $3,218 before settling at $3,133. However, the price fell back in the red on Sunday, dropping almost 2% to $3,075. However, despite the selling pressure, ETH remained above $3,000. The current week began with ETH registering a significant increase of 4.37% and settling at $3,209. However, the current session sees ETH back in the red, down by 2.52% and trading at $3,130.
If sellers can drive ETH below $3,000, we could see the price drop to $2,850. However, buyers have not ceded ground to the bears and prevented a drop below this level. If buyers can retake control and build momentum, ETH could test the resistance at $3,400. A break above this level could see ETH surge past $3,500.
$ETH
Ethereum (ETH) failed to push above $3,400 at the beginning of last week, with sellers driving the price down considerably. However, buyers kept the price above $3,000, preventing a further decline. ETH started the previous week on a highly bullish note as the price surged almost 6% to go above $3,300 and settle at $3,373. Buyers attempted a move to $3,500 on Tuesday as ETH reached an intraday high of $3,443 before losing momentum. As a result, sellers took control and drove the price down by 3,78% to $3,246. ETH registered a significant increase in volatility on Wednesday, rising to an intraday high of $3,338 and falling to an intraday low of $3,120 before settling at $3,191, a drop of almost 2%. Bearish sentiment persisted on Thursday as ETH fell by 4.12% to $3,059, struggling to stay above $3,000.
Source: TradingView
ETH fell to an intraday low of $3,013 on Friday but recovered to register an increase of 0.99% and settle at $3,090. The weekend began with buyers in control on Saturday as the price rose to an intraday high of $3,218 before settling at $3,133. However, the price fell back in the red on Sunday, dropping almost 2% to $3,075. However, despite the selling pressure, ETH remained above $3,000. The current week began with ETH registering a significant increase of 4.37% and settling at $3,209. However, the current session sees ETH back in the red, down by 2.52% and trading at $3,130.
If sellers can drive ETH below $3,000, we could see the price drop to $2,850. However, buyers have not ceded ground to the bears and prevented a drop below this level. If buyers can retake control and build momentum, ETH could test the resistance at $3,400. A break above this level could see ETH surge past $3,500.
$ETH
Bitcoin (BTC) Price Analysis
Bitcoin (BTC) is trading around the $91,500 mark, registering an increase of just over 1% during the past 24 hours. Market watchers have mixed predictions about BTC’s future price movements. CryptoQuant has stated BTC may decline to $70,000 before resuming its uptrend or consolidate between $87,000-$93,000 before going past $100,000. ARK Invest’s Cathy Wood, a long-time supporter of BTC, has stated that despite its impressive performance, the asset has a long way to go before reaching its full p
Spot Bitcoin ETFs buying again
Finally, the U.S. Spot Bitcoin ETFs started buying again, mostly inspired by Blackrock’s IBIT fund. The fund bought nearly 1,000 BTC, bringing Monday’s total inflow to 2,830 BTC.
Finally, the U.S. Spot Bitcoin ETFs started buying again, mostly inspired by Blackrock’s IBIT fund. The fund bought nearly 1,000 BTC, bringing Monday’s total inflow to 2,830 BTC.
Bitcoin ($BTC ) is currently above the three and a half year trendline that bisects both tops of the 2021 bull market. As Bitcoin consolidates above this trendline, the final surge to $100,000 is within its sights.
Yet another huge BTC purchase for MicroStrategy
As Bitcoin consolidates at around $91,000, the institutional buying of the world’s scarcest asset goes on, and on, and on. Hardly more than several days since MicroStrategy bought a huge pile of 27,200 BTC, Michael Saylor’s company has done it again, and this time with an even bigger haul.
On Monday it was announced that MicroStrategy had bought another 51,780 BTC. In dollar terms, this was the biggest purchase ever by MicroStrategy, costing $4.6 billion. Straight away after this latest buying spree, MicroStrategy announced a $1.75 billion offer with which to buy even more Bitcoin.
$BTC
Yet another huge BTC purchase for MicroStrategy
As Bitcoin consolidates at around $91,000, the institutional buying of the world’s scarcest asset goes on, and on, and on. Hardly more than several days since MicroStrategy bought a huge pile of 27,200 BTC, Michael Saylor’s company has done it again, and this time with an even bigger haul.
On Monday it was announced that MicroStrategy had bought another 51,780 BTC. In dollar terms, this was the biggest purchase ever by MicroStrategy, costing $4.6 billion. Straight away after this latest buying spree, MicroStrategy announced a $1.75 billion offer with which to buy even more Bitcoin.
$BTC
$SOL to continue to outperform both $BTC and $ETH
In summary, it does look as though $SOL is going to outperform both $BTC and $ETH going forward. However, while SOL is a layer 1, it is not in the same niche as $BTC. That said, it certainly is occupying the same space as $ETH.
The $ETH price is more than 3x the size SOL market capitalisation, but with newer technology, and faster, and cheaper transactions which are far outnumbering those taking place on Ethereum, Solana is likely to keep reducing this gap.
$SOL
In summary, it does look as though $SOL is going to outperform both $BTC and $ETH going forward. However, while SOL is a layer 1, it is not in the same niche as $BTC. That said, it certainly is occupying the same space as $ETH.
The $ETH price is more than 3x the size SOL market capitalisation, but with newer technology, and faster, and cheaper transactions which are far outnumbering those taking place on Ethereum, Solana is likely to keep reducing this gap.
$SOL
DOT PRICE ANALYSIS
Polkadot (DOT) has made an impressive recovery after registering a substantial decline during the previous week when it fell to a low of $4.69.
DOT has gained almost 7% during the past week, recovering after finding support, and is now looking to push above $6, a key resistance level.
Polkadot (DOT) Makes Impressive Recovery From Record Lows
Polkadot (DOT) was trading as low as $3.65 at the beginning of the month. However, the altcoin has made a stellar recovery to go above key moving averages
DOT has gained almost 7% during the past week, recovering after finding support, and is now looking to push above $6, a key resistance level.
Polkadot (DOT) Makes Impressive Recovery From Record Lows
Polkadot (DOT) was trading as low as $3.65 at the beginning of the month. However, the altcoin has made a stellar recovery to go above key moving averages