LIVECarlmsg
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The scenario is reversing: Banks have revised Fed forecasts
Forecasts for the Fed's interest rate cut have changed significantly following employment data released on Friday. The Fed, which is preparing for the soft landing, is now said to be forced to land hard.
According to the Wall Street Journal, employment data released on Friday, which shook the markets, was the main concern of those who guided economic policy in Washington, and the scenario for the U.S. economy is reversing. It is stated that Fed officials, who are preparing for a soft descent during this year, may have to go to the hard descent in the light of the latest data.
Investors are concerned about the possibility that the Fed is late. An effect of this was also seen with declines in exchanges. On the other hand, instead of when the Fed will start lowering the interest rate, it has started to be discussed what size a reduction will be made in September.
Bank analysts also revised their forecasts for the interest rate cut. Citigroup and JPMorgan expect the Fed to cut 50 basis points in September, 50 in November and 25 basis points in December, reducing interest by a total of 125 basis points before the end of the year.
The interest rate decision next month will be announced on September 18. Before this meeting, employment data for August will be published on September 6th and inflation data will be published on September 11th.
Forecasts for the Fed's interest rate cut have changed significantly following employment data released on Friday. The Fed, which is preparing for the soft landing, is now said to be forced to land hard.
According to the Wall Street Journal, employment data released on Friday, which shook the markets, was the main concern of those who guided economic policy in Washington, and the scenario for the U.S. economy is reversing. It is stated that Fed officials, who are preparing for a soft descent during this year, may have to go to the hard descent in the light of the latest data.
Investors are concerned about the possibility that the Fed is late. An effect of this was also seen with declines in exchanges. On the other hand, instead of when the Fed will start lowering the interest rate, it has started to be discussed what size a reduction will be made in September.
Bank analysts also revised their forecasts for the interest rate cut. Citigroup and JPMorgan expect the Fed to cut 50 basis points in September, 50 in November and 25 basis points in December, reducing interest by a total of 125 basis points before the end of the year.
The interest rate decision next month will be announced on September 18. Before this meeting, employment data for August will be published on September 6th and inflation data will be published on September 11th.
A panic wave has grown in Bitcoin and altcoins:
Causes of Declines
The declines in the cryptocurrency market since the start of the week have deepened on the last day of the week. More than one factor is thought to be effective behind the big retreat.
The cryptocurrency market is having a turbulent Sunday. While the number one cryptocurrency is withdrawn to the levels of 57 thousand dollars, many altcoins have double-digit declines.
The steady decline in Bitcoin since the beginning of the week deepened as the week ended. The total market capitalization of cryptocurrencies has declined from $2 trillion to $126 billion today to $1 trillion 975 billion. $150 billion was deleted in just a few hours. The loss, which has been seen in market value since the beginning of the week, reached 500 billion dollars.
It is estimated that there is multiple factors behind the declines. Friday's employment data had fueled fears of recessions in the U.S. economy. After that, significant losses were recorded in major indices such as the S&P 500, Nasdaq, and the cryptocurrency market took its share of it. It is considered that the other feet of the falls are the geopolitical tensions, as well as the chances of Trump winning the election begin to decline.
In addition to all this, Jump Crypto's transactions may have hit the market. Jump Crypto, the crypto subsidiary of Jump Trading, which specializes in algorithmic trading, has transferred over $400 million in ETH to exchanges in the last two weeks. “The reason for the crazy sales in crypto seems to be Jump Trading, which receives a margin call in traditional markets and therefore needs liquidity over the weekend or shuts down the crypto business for legal reasons,” says entrepreneur Julian Hoss
According to ZeroHedge, the decline in the cryptocurrency market is the result of a large sell order issued by a time-set algorithm. The news noted that the same algorithm was activated during the opening of the U.S. exchanges in each of the last 7 trading days and was left open over the weekend.
$BTC
$ETH
Causes of Declines
The declines in the cryptocurrency market since the start of the week have deepened on the last day of the week. More than one factor is thought to be effective behind the big retreat.
The cryptocurrency market is having a turbulent Sunday. While the number one cryptocurrency is withdrawn to the levels of 57 thousand dollars, many altcoins have double-digit declines.
The steady decline in Bitcoin since the beginning of the week deepened as the week ended. The total market capitalization of cryptocurrencies has declined from $2 trillion to $126 billion today to $1 trillion 975 billion. $150 billion was deleted in just a few hours. The loss, which has been seen in market value since the beginning of the week, reached 500 billion dollars.
It is estimated that there is multiple factors behind the declines. Friday's employment data had fueled fears of recessions in the U.S. economy. After that, significant losses were recorded in major indices such as the S&P 500, Nasdaq, and the cryptocurrency market took its share of it. It is considered that the other feet of the falls are the geopolitical tensions, as well as the chances of Trump winning the election begin to decline.
In addition to all this, Jump Crypto's transactions may have hit the market. Jump Crypto, the crypto subsidiary of Jump Trading, which specializes in algorithmic trading, has transferred over $400 million in ETH to exchanges in the last two weeks. “The reason for the crazy sales in crypto seems to be Jump Trading, which receives a margin call in traditional markets and therefore needs liquidity over the weekend or shuts down the crypto business for legal reasons,” says entrepreneur Julian Hoss
According to ZeroHedge, the decline in the cryptocurrency market is the result of a large sell order issued by a time-set algorithm. The news noted that the same algorithm was activated during the opening of the U.S. exchanges in each of the last 7 trading days and was left open over the weekend.
$BTC
$ETH
Why crypto currency market Down 🤔?
The cryptocurrency market experienced a significant downturn on August 3, 2024, due to several key factors:
1. Regulatory Pressures: Increased regulatory scrutiny in major markets, including potential new regulations in the US and Europe, has spooked investors, leading to a sell-off.
2. Macroeconomic Concerns: Recent economic data points to a potential slowdown, causing investors to move away from riskier assets like cryptocurrencies.
3. Market Sentiment: A drop in trading volumes and negative sentiment have exacerbated the decline.
4. Liquidations: A wave of liquidations as investors sought to cut their losses further contributed to the downturn
These combined factors have led to a sharp drop in cryptocurrency prices, affecting major coins and tokens across the board.
The cryptocurrency market experienced a significant downturn on August 3, 2024, due to several key factors:
1. Regulatory Pressures: Increased regulatory scrutiny in major markets, including potential new regulations in the US and Europe, has spooked investors, leading to a sell-off.
2. Macroeconomic Concerns: Recent economic data points to a potential slowdown, causing investors to move away from riskier assets like cryptocurrencies.
3. Market Sentiment: A drop in trading volumes and negative sentiment have exacerbated the decline.
4. Liquidations: A wave of liquidations as investors sought to cut their losses further contributed to the downturn
These combined factors have led to a sharp drop in cryptocurrency prices, affecting major coins and tokens across the board.
😱🚀🚀Top 3 Solana meme coins with big breakout potential
The First Solana Dog: Bonk ($BONK )
BONK, is marketed as the first dog-themed token on the Solana blockchain “for the people, by the people,” with 50% of its total supply airdropped to members of the Solana community. #BONK launched in December 2022, and its launch caused $SOL to gain 34% in 48 hours. The project’s goal is to bring liquidity back to Solana-based decentralized exchanges.
Dogwifhat ($WIF )
Dogwifhat (WIF) is another Solana superstar worth buying now. Over the past two weeks, this top dog gained over 39% and trades for $2.56. The token quickly became a fan favourite, amassing a market cap of over $2.5 billion. #WIF suffered heavily in the recent market downturn but has stabilized and looks ready for a rally.
BOOK OF MEME ($BOME )
$BOME’s unique and experimental approach blends memes, decentralized storage solutions and gambling into a unified space, aiming to disrupt Web 3 culture. While the novel idea is left field, the project has received immense support from its community, showcasing the innovative and creative nature of memecoins. #BOME is one-of-a-kind and may just be the unicorn the industry has been searching for.
The First Solana Dog: Bonk ($BONK )
BONK, is marketed as the first dog-themed token on the Solana blockchain “for the people, by the people,” with 50% of its total supply airdropped to members of the Solana community. #BONK launched in December 2022, and its launch caused $SOL to gain 34% in 48 hours. The project’s goal is to bring liquidity back to Solana-based decentralized exchanges.
Dogwifhat ($WIF )
Dogwifhat (WIF) is another Solana superstar worth buying now. Over the past two weeks, this top dog gained over 39% and trades for $2.56. The token quickly became a fan favourite, amassing a market cap of over $2.5 billion. #WIF suffered heavily in the recent market downturn but has stabilized and looks ready for a rally.
BOOK OF MEME ($BOME )
$BOME’s unique and experimental approach blends memes, decentralized storage solutions and gambling into a unified space, aiming to disrupt Web 3 culture. While the novel idea is left field, the project has received immense support from its community, showcasing the innovative and creative nature of memecoins. #BOME is one-of-a-kind and may just be the unicorn the industry has been searching for.
I have not been sharing my thoughts on square alot recently. I took some steps back to watch and learn more about the market.
I followed different projects and discovered completely new ways of utilizing my tokens especially $ETH and $BNB
ETH and BNB are the most commonly used gas fees on web3 dapps. You can utilize these dapps to get into competitions, draws, or just have fun with friends while discovering new projects and communities.
Don't take my word for it. Connect your web3 wallet today and experience the magic of the future where everything will be decentralized but still shared in an amazing way.. Get into Airdrops, trade NFTs, but most importantly have some fun while you make money..
disclaimer: this is not financial advice, am just a random person on square 😉
#Dyor2024 #VanEck_SOL_ETFS #web3_binance #Megadrop
I followed different projects and discovered completely new ways of utilizing my tokens especially $ETH and $BNB
ETH and BNB are the most commonly used gas fees on web3 dapps. You can utilize these dapps to get into competitions, draws, or just have fun with friends while discovering new projects and communities.
Don't take my word for it. Connect your web3 wallet today and experience the magic of the future where everything will be decentralized but still shared in an amazing way.. Get into Airdrops, trade NFTs, but most importantly have some fun while you make money..
disclaimer: this is not financial advice, am just a random person on square 😉
#Dyor2024 #VanEck_SOL_ETFS #web3_binance #Megadrop
Happy 7th Year anniversary to #Binance
What an amazing 7 years it has been, growing from almost nothing to over 210Million users.. It's simply astonishing to imagine the heights and the future that is to come with this amazing platform.
I never knew anything about Crypto but am slowly getting the hang of it and my wallet is not performing too badly if I may add on.
Let's keep building and keep growing..
And Happy Birthday #BinanceTurns7 #BeBinance
What an amazing 7 years it has been, growing from almost nothing to over 210Million users.. It's simply astonishing to imagine the heights and the future that is to come with this amazing platform.
I never knew anything about Crypto but am slowly getting the hang of it and my wallet is not performing too badly if I may add on.
Let's keep building and keep growing..
And Happy Birthday #BinanceTurns7 #BeBinance
BATTLE OF THE MEMEDOGS... $SHIB vs $DOGE challenge has officially gotten underway on Binance.
To participate simply log in to Binance and go to the activities page, choose either Team shib or Team Doge and compete in different missions to unlock the winnings for your team.. Upto 100,000$USDC up for grabs..
Click on this link to participate BATTLE OF THE MEMEDOGS
To participate simply log in to Binance and go to the activities page, choose either Team shib or Team Doge and compete in different missions to unlock the winnings for your team.. Upto 100,000$USDC up for grabs..
Click on this link to participate BATTLE OF THE MEMEDOGS
GET FREE FDUSD HERE
#BinanceTurns7 campaign has a lot of prizes and give aways. Join the discord or Telegram channels and participate in the daily quizzes.
There is a red Packet at this link..
FREE Crypto here 👇🏻👇🏻
GET FREE FDUSD here
Don't forget to share with all your friends
#BinanceTurns7 campaign has a lot of prizes and give aways. Join the discord or Telegram channels and participate in the daily quizzes.
There is a red Packet at this link..
FREE Crypto here 👇🏻👇🏻
GET FREE FDUSD here
Don't forget to share with all your friends
Hello Friends! How are you doing?. In the spirit of Binance celebrating it's seventh birthday I am giving away FREE $FDUSD to the first 100 people who use the link below to claim red Packet. LIMITED gifts are available on first come first serve basis. Thank you
Code: Q8TMZA6V
Best Wishes!! And enjoy the reward...
Code: Q8TMZA6V
Best Wishes!! And enjoy the reward...
It seems just like yesterday when begun my journey buying and selling crypto, it was Abit overwhelming for me. What was I supposed to buy? when was I supposed to buy it? what was I even buying!? A friend recommended that I try using Binance, it's trustworthy!! The statement trustworthy is something that made me join. I started off spot trading buying the hyped coins like $BTC $ETH I thought of it like a savings wallet. I just bought and HODL everything, fast forward a few years down the road and there are no complaints from me.. I proudly say today that Binance is the best and biggest crypto exchange in the world because they have delivered more than we have ever expected. Yes there are still scams here and there and glitches sometimes but it's a work in progress. I love everything I have learnt from Binance Academy, I love posting on square, I love the challenges and quizzes, I love the Airdrops(mega-drop).. I love how easy it is to use the platform and ofcourse cheers to our former CEO Changpeng Zhao the visionary, we love and support you... You helped change so many lives. To the future and beyond #BinanceTurns7
Imagine you invest $1,000 in $PEPE at its current price of $0.00001179, bagging a whopping 88,417,329 PEPE tokens. Now, experts are buzzing with forecasts that PEPE could skyrocket to $0.00008968 by December 2024. If these predictions come true, your investment would explode in value to a thrilling $7,929! That’s a mind-blowing profit of $6,929, translating to a staggering 693% increase from your initial outlay.But what could make this rocket ship take off? Regulatory policies are a major player. Governments around the world are starting to recognize the power of cryptocurrencies, and their decisions could send prices soaring—or crashing. Countries embracing or banning cryptos will definitely shake up supply and demand dynamics.Then there’s market sentiment, the heartbeat of crypto values. News stories, global events, and expert predictions can trigger wild price swings, creating golden opportunities for those ready to seize them. And let's not forget technological advancements. Breakthroughs in blockchain tech and innovative applications related to PEPE could catapult its value to new heights.Remember, this is a forecast, and the crypto market is notoriously volatile. It's a rollercoaster ride influenced by countless factors. Dive deep into research, weigh the risks against the opportunities, and make informed choices. Join the conversation in the comments to share your insights and help fellow investors navigate these thrilling waters. Happy investing, and may your returns soar beyond your wildest dreams by the end of the year!
Earning your first $100 in cryptocurrency for free is possible through various methods. Here are some strategies:
1) Airdrops:
Airdrops are promotional events where new cryptocurrency projects distribute free tokens to holders of a particular blockchain (often Ethereum). Websites like Airdrop Alert and CoinMarketCap often list upcoming airdrops.
2) Faucets:
Cryptocurrency faucets are websites that give away small amounts of cryptocurrency for free, usually in exchange for completing simple tasks or captchas. Examples include Cointiply and FreeBitcoin.
3)Staking Rewards:
Some platforms offer staking rewards where you can earn interest on your cryptocurrency holdings by participating in proof-of-stake networks. Look for platforms that offer initial staking bonuses.
4)Referral Programs:
Many cryptocurrency exchanges and platforms offer referral programs where you can earn crypto by referring friends. Examples include Coinbase, Binance, and Crypto.com.
5)Play-to-Earn Games:
Blockchain-based games like Axie Infinity and Decentraland allow players to earn cryptocurrency and in-game assets that can be sold for profit.
6) Mining with Free Resources:
While traditional mining requires significant investment, some platforms like Honeyminer allow you to mine with your existing computer hardware, though returns are typically small.
7)Microtasks:
Websites like Bituro and Earn.com pay users in cryptocurrency for completing small tasks such as surveys, watching videos, and more.
8) Content Creation:
Platforms reward content creators with cryptocurrency based on user engagement and upvotes.
9) Bounties:
Participate in bounty programs where you can earn cryptocurrency for promoting projects on social media, creating content, or finding bugs in software.
10) Launchpad:
participate in launchpool to gain rewards by staking either $BNB or $FDUSD
1) Airdrops:
Airdrops are promotional events where new cryptocurrency projects distribute free tokens to holders of a particular blockchain (often Ethereum). Websites like Airdrop Alert and CoinMarketCap often list upcoming airdrops.
2) Faucets:
Cryptocurrency faucets are websites that give away small amounts of cryptocurrency for free, usually in exchange for completing simple tasks or captchas. Examples include Cointiply and FreeBitcoin.
3)Staking Rewards:
Some platforms offer staking rewards where you can earn interest on your cryptocurrency holdings by participating in proof-of-stake networks. Look for platforms that offer initial staking bonuses.
4)Referral Programs:
Many cryptocurrency exchanges and platforms offer referral programs where you can earn crypto by referring friends. Examples include Coinbase, Binance, and Crypto.com.
5)Play-to-Earn Games:
Blockchain-based games like Axie Infinity and Decentraland allow players to earn cryptocurrency and in-game assets that can be sold for profit.
6) Mining with Free Resources:
While traditional mining requires significant investment, some platforms like Honeyminer allow you to mine with your existing computer hardware, though returns are typically small.
7)Microtasks:
Websites like Bituro and Earn.com pay users in cryptocurrency for completing small tasks such as surveys, watching videos, and more.
8) Content Creation:
Platforms reward content creators with cryptocurrency based on user engagement and upvotes.
9) Bounties:
Participate in bounty programs where you can earn cryptocurrency for promoting projects on social media, creating content, or finding bugs in software.
10) Launchpad:
participate in launchpool to gain rewards by staking either $BNB or $FDUSD
$XRP
**BREAKING NEWS:**
Ripple collaborates with Meld Gold to tokenize precious metals like gold and silver! #XRP is set to become the new reserve currency standard! The XRPL DeFi ecosystem is about to experience a massive influx of capital, potentially in the trillions!
The leading DeFi token on XRPL, CTF token, could see an increase from 0.90 XRP to 374.25 XRP per token!
XRPL DeFi is the place where fortunes will be made. CTF token is not just the top DeFi token but also the one with the lowest supply among the top 10!
It's basic economics: Low supply, high demand = supply shock! A market cap of $20 billion could drive the CTF token from 0.90 $XRP to an astonishing 748.50 XRP per token! That’s a huge opportunity for those who are paying attention!
Don’t complain once the profits are made; do your research now!
#XRP #Write2Earn #BTC #BITCOIN
**BREAKING NEWS:**
Ripple collaborates with Meld Gold to tokenize precious metals like gold and silver! #XRP is set to become the new reserve currency standard! The XRPL DeFi ecosystem is about to experience a massive influx of capital, potentially in the trillions!
The leading DeFi token on XRPL, CTF token, could see an increase from 0.90 XRP to 374.25 XRP per token!
XRPL DeFi is the place where fortunes will be made. CTF token is not just the top DeFi token but also the one with the lowest supply among the top 10!
It's basic economics: Low supply, high demand = supply shock! A market cap of $20 billion could drive the CTF token from 0.90 $XRP to an astonishing 748.50 XRP per token! That’s a huge opportunity for those who are paying attention!
Don’t complain once the profits are made; do your research now!
#XRP #Write2Earn #BTC #BITCOIN
How many $PEPE coins you need to become a millionaire when it hit 0.01.? Assuming you invest 100$ at the current price of writing it’s 0.00001205 you will have 8,224,000 coins which is worth 822,400$ if the price will reach 0.1 It’s like a dream right? But everything is possible in crypto. It will reach 0.1 for sure . Not today , not tomorrow, but it will reach for sure more than 0.1
Don't take investment advice from a random stranger on social media. Do your own research
Don't take investment advice from a random stranger on social media. Do your own research
200M users and growing.. This is an amazing community
LIVE
Richard Teng
--
We have hit 200M users @binance ! 🎉 This milestone wouldn't have been possible without YOU - our incredible community.
From the bottom of our hearts, thank you. The journey to 1 billion users continues. 🚀 Let's keep building together.
#Binance200M
From the bottom of our hearts, thank you. The journey to 1 billion users continues. 🚀 Let's keep building together.
#Binance200M
Mr. CEO Spitting that Crypto Fire 🔥🔥🔥
We love decentralization and it's the only way to go..
FOLLOW for the best updates in the crypto industry from analysis, to fun and your next investment opportunity..
$BTC $BNB $ETH
We love decentralization and it's the only way to go..
FOLLOW for the best updates in the crypto industry from analysis, to fun and your next investment opportunity..
$BTC $BNB $ETH
LIVERichard Teng
--
“Why crypto?”
Because we’re unlocking so much potential! 🔑 From faster, cost-effective cross-border transfers to financial inclusivity for the 1.4 billion unbanked people globally.
Here's a great #Binance Blog article that covers this ⤵️
https://www.binance.com/en/blog/adoption/beyond-borders-the-power-of-crypto-in-global-money-transfers-7807503777915524943
Because we’re unlocking so much potential! 🔑 From faster, cost-effective cross-border transfers to financial inclusivity for the 1.4 billion unbanked people globally.
Here's a great #Binance Blog article that covers this ⤵️
https://www.binance.com/en/blog/adoption/beyond-borders-the-power-of-crypto-in-global-money-transfers-7807503777915524943
💰🪂 BINANCE LAUNCHPOOL 🔥🔥
HOw to #EarnFreeCrypto2024 using #BinanceLaunchPool🔥
Launchpool refers to when Binance is launching a new project and users need to stake either $BNB or $FDUSD to receive the token in their wallet.
The amount you stake multiplied by the time equals the rewards.
There is debate though about which token is best to use to stake between BNB and FDUSD but that depends entirely on what your aim is, and how much you have already in your wallet, plus the amount of new token you would like to earn.
HOw to #EarnFreeCrypto2024 using #BinanceLaunchPool🔥
Launchpool refers to when Binance is launching a new project and users need to stake either $BNB or $FDUSD to receive the token in their wallet.
The amount you stake multiplied by the time equals the rewards.
There is debate though about which token is best to use to stake between BNB and FDUSD but that depends entirely on what your aim is, and how much you have already in your wallet, plus the amount of new token you would like to earn.
$FLOKI taking over Times Square.. 🔥🔥
LIVEFloki Inu
--
We are THRILLED to announce the next phase of our Times Square takeover with a brand-new ad that leaves no doubts: $FLOKI is set to CRUSH the competition and reign as the main #memecoin this cycle, as we work towards our goal of being the world's most known and most used cryptocurrency! 🏆
Our newest ad, playing on the 1,624 square feet double-sided HD LED screen beside the Nasdaq billboard, showcases #Floki's unstoppable rise.
With 330,000 visitors passing through Times Square daily, our message is set to reach a staggering number of people, ensuring Floki's prominence in the crypto space.
This is coming just after our major announcement of the #FlokiTradingBot Closed Beta Mainnet Launch yesterday, which saw 1,200 users trying to access it within 18 hours -- 8 times more users than we initially opened the Closed Beta for.
Shortly after, FLOKI reported a record-high ecosystem TVL of over $820 million across its products. This surpasses the combined TVL of other top #memecoins and highlights Floki's strong edge in utility within the market.
Check out this breathtaking drone footage, highlighting the sheer scale and impact of our message in the heart of New York City!
Floki will leave no stone unturned as we launch the most aggressive of marketing campaigns in the comings months since we transformed the game over two years ago!
Our newest ad, playing on the 1,624 square feet double-sided HD LED screen beside the Nasdaq billboard, showcases #Floki's unstoppable rise.
With 330,000 visitors passing through Times Square daily, our message is set to reach a staggering number of people, ensuring Floki's prominence in the crypto space.
This is coming just after our major announcement of the #FlokiTradingBot Closed Beta Mainnet Launch yesterday, which saw 1,200 users trying to access it within 18 hours -- 8 times more users than we initially opened the Closed Beta for.
Shortly after, FLOKI reported a record-high ecosystem TVL of over $820 million across its products. This surpasses the combined TVL of other top #memecoins and highlights Floki's strong edge in utility within the market.
Check out this breathtaking drone footage, highlighting the sheer scale and impact of our message in the heart of New York City!
Floki will leave no stone unturned as we launch the most aggressive of marketing campaigns in the comings months since we transformed the game over two years ago!
🪂🪂 AIRDROPS 🪂🪂
Crypto airdrops are a way to earn free cryptocurrency. They involve crypto projects distributing their native cryptocurrency to their users.
Each project decides whether and how to distribute airdrop crypto. Sometimes users have to complete activities to claim the coins or tokens.
Anyone with a cryptocurrency wallet can receive or claim an airdrop, but you should always be wary of scammers.
GET FDUSD HERE
https://s.binance.com/gpeuHG70
The teams behind these projects often use airdrops to raise awareness of their project and encourage people to become users or investors. The airdropped assets are given away for free, but some airdrops require users to complete specific tasks before they can claim their tokens. Crypto airdrops became popular during the initial coin offering (ICO) boom of 2017, but are still used by many crypto projects today.
How Do Crypto Airdrops Work?
When a project announces an airdrop, it usually also sets specific criteria or requirements that participants must meet to be eligible. These requirements can include joining a specific Telegram group, following the project on social media, subscribing to a newsletter, or holding a minimum amount of a specific coin in a wallet. The airdrops may also only be given to wallets that have interacted with the project's platform before a set date.
However, these criteria are not always announced beforehand. Some famous airdrops have surprised the platform's active users by airdropping new tokens before revealing the airdrop criteria. There are no rules for airdrops, and each project may have its own method and plan.
Crypto airdrops are a way to earn free cryptocurrency. They involve crypto projects distributing their native cryptocurrency to their users.
Each project decides whether and how to distribute airdrop crypto. Sometimes users have to complete activities to claim the coins or tokens.
Anyone with a cryptocurrency wallet can receive or claim an airdrop, but you should always be wary of scammers.
GET FDUSD HERE
https://s.binance.com/gpeuHG70
The teams behind these projects often use airdrops to raise awareness of their project and encourage people to become users or investors. The airdropped assets are given away for free, but some airdrops require users to complete specific tasks before they can claim their tokens. Crypto airdrops became popular during the initial coin offering (ICO) boom of 2017, but are still used by many crypto projects today.
How Do Crypto Airdrops Work?
When a project announces an airdrop, it usually also sets specific criteria or requirements that participants must meet to be eligible. These requirements can include joining a specific Telegram group, following the project on social media, subscribing to a newsletter, or holding a minimum amount of a specific coin in a wallet. The airdrops may also only be given to wallets that have interacted with the project's platform before a set date.
However, these criteria are not always announced beforehand. Some famous airdrops have surprised the platform's active users by airdropping new tokens before revealing the airdrop criteria. There are no rules for airdrops, and each project may have its own method and plan.
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bitcoin
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hello guys 🤠
let's analyse BTC
technical analysis. Short term, Aug 2, 2024
Bitcoin has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency is testing support at points 64000. This could give a positive reaction, but a downward breakthrough of points 64000 means a negative signal. Volume has previously been low at price tops and high at price bottoms. This weakens the currency. The currency is overall assessed as technically neutral for the short term.
#bitcoin
AlertX
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BTC
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