Mpox (formerly known as monkeypox) has emerged as a global health concern, but unlike Covid-19, the likelihood of a pandemic is seen as lower due to its lower transmission rate and the availability of effective vaccines. However, if the outbreak were to escalate, it could cause economic instability similar to what was experienced during the Covid-19 pandemic, particularly in countries with limited healthcare infrastructure.
On the macroeconomic front, a global Mpox outbreak could generate uncertainty, affecting supply chains and increasing healthcare costs, which would pressure governments to adopt economic stimulus measures. These events could contribute to inflation and slow economic growth, impacting sensitive sectors like tourism and transportation.
Regarding the cryptocurrency market, a new global health crisis could trigger both volatility and opportunities. During crises, cryptocurrencies are seen by some investors as safe-haven assets, potentially driving up prices temporarily. However, prolonged uncertainty could bring instability, devaluing cryptocurrencies and exacerbating the already high market fluctuations.
Ultimately, the market's reaction will largely depend on the severity and global response to Mpox, but the impact could be significant, even if not to the level of Covid-19.
The current price of the Book of Meme (BOME) cryptocurrency is around $0.007, with significant volatility in recent months. Since its all-time high in March 2024, where it reached $0.028, the value has fallen by more than 75%, reflecting the volatile nature of meme-based assets.
In terms of future prospects, the market expects a possible appreciation due to the growing interest in meme-based cryptocurrencies, such as BOME, which operates on the Solana blockchain. Forecasts for 2025 indicate an average of $0.04, with a possible increase of up to $0.20, depending on factors such as wider crypto adoption and technological advances.
However, it is important to note that these projections are speculative, and the cryptocurrency market, especially for meme coins, is extremely volatile and high-risk. For those looking to invest, it is crucial to conduct careful analysis and be aware of the unpredictability of these trends.
Psychological breakout: A breakout of a price level that many consider important (such as $60,000 for BTC). Fakeout: A false exit, where the price breaks the level but does not stay above it, suggesting that the movement may not be genuine. Manipulation: A sign that big players may be influencing the market, making it seem like the price will continue to rise, but in fact they sell after the breakout. The advice is to always consider the broader context before concluding that the market movement is legitimate, avoiding impulsive decisions based solely on a resistance break.#MarketDownturn
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Não dá pata precisar se estamos no fundo de mais e é a hora entrar, porque se tratando de baleias e índices graficos não existe momento certo pra subir ou para descer os grandes players estão dominando a direção e jantando seu dinheiro #MarketDownturn #Binance #bitcoin #analises