#binance #DOGE:
Electric vehicle maker Tesla (NASDAQ:TSLA) has officially added meme-based cryptocurrency Dogecoin (DOGE) to its list of available means of payment.

On May 4, the company updated its website and added information that Dogecoin is accepted as payment for some products in the Tesla store. As before, only merch can be purchased with DOGE for now. As an experiment, the organization began selling goods for Dogecoin in January 2022, and, apparently, the testing was completed successfully.

The Dogecoin market practically did not react in any way to the news about the final integration of the cryptocurrency into the Tesla platform, because over the past 24 hours the coin has fallen in price by less than 1%. The bullish trend that emerged on May 1, which saw DOGE rise in price by 42%, was driven by positive sentiment in the cryptocurrency market and whale activity.

However, despite the impressive pump, it is too early to declare the end of the bearish trend. During the correction on May 5, the price of Dogecoin dropped below the downward trend line, unable to stay above this barrier. if buyers do not seize the initiative, the DOGE price will go down again and update the bottom reached on May 1.

#binance #memefi As of April 21, 2024, the meme coin sector showed significant growth - its net value increased by 9.6% compared to the previous day. The economy of such tokens is currently estimated at $55.86 billion, and global trading volume has reached $5.79 billion.

Over the past 24 hours, each of the top 10 meme coins by market value has risen, with BONK and FLOKI at the forefront of the upward movement.
BONK gained 41.8% against the US dollar, marking a 39.1% gain over the past week. And although most cryptocurrencies on the market fall weekly, memcoins are an exception.
The only exception in this category is the corgiai token (CORGIAI), which posted a weekly loss but rose 3.8% in Sunday trading. FLOKI added 18.7% and increased its value by 16.9% over the week.
The second-largest memtoken Shiba Inu (SHIB) rose 14.1% on Sunday, bringing its weekly gain to 20.6%. SHIB also holds a significant share of the $15.71 billion meme coin market. Other meme coins that have seen significant growth in recent times include WIF, PEPE, BRETT, BOME, MEME and MEW.

#binance #Bitcoin #BTCHalvingApril2024 After the halving on the Bitcoin network, which took place on April 20, meme tokens again began to be in great demand.

Instead of investing in Bitcoin, many traders chose to invest in meme-based cryptocurrencies, so their total value increased by 11% over the past 24 hours and reached $54.7 billion. Among these coins, Bonk (BONK) turned out to be the leader in the rate of appreciation , having risen in price by 42% over the past 24 hours. The second place was taken by Popcat (POPCAT), which increased in price by 35%, and the top three was closed by MOG Coin (MOG), whose rate soared by 24%.

Top 5 meme tokens by rate growth rate

The leading meme-based cryptocurrencies in terms of capitalization, Dogecoin (DOGE), Shiba Inu (SHIB) and Dogwifhat (WIF), also rose in price, but not so much. The SHIB rate increased by 26%, WIF by 10%, and DOGE by 5%. It is noteworthy that, even despite DOGE Day, which coincided with Hemp Day, which was celebrated on April 20, the king of meme tokens failed to attract a large amount of investment.
Bonk's incredible popularity can be partly attributed to the Crypto Fight Night 4 tournament taking place in Dubai on April 19th. The startup BONK sponsored this competition and advertised the cryptocurrency brand.

#binance #doge
On April 18, strong support was found on the Dogecoin market, pushing off from which the DOGE price began to recover to $0.15. Thanks to this, the forecast for the future price of Dogecoin has become more positive and bullish

According to crypto data aggregators, DOGE rose from a low of $0.14 (up 9%) to an intraday high of $0.1536 on April 18. It looks like the famous meme coin is ready for a new rally, supported by growing trading volumes and the corresponding technical configuration.

It is possible that DOGE could soon reach $1, as analysts suggest. Along with this, various new projects with potential for 25x ROI are gaining momentum.

Dogecoin Price Prediction as DOGE Sees Increased Trading Activity With DOGE's trading volume notably jumping on the day, the dog-themed meme coin may have reignited investor interest. This is highlighted by the fact that spot trading volume in one day increased by 22% to reach $2.26 billion.

#Binance #PERP I saw many likes, I continue the search section of coins that are actively accumulated by large capital, I previously discussed the HFT token in this post.
➡️Wallets with balances from 100K to 1M coins have been actively increasing their position since December 2023. In comparison, the more successful competitor of the DYDX project has much weaker savings.
➡️The largest holder of PERP tokens is the Binance exchange; they store 44M PERP in their cold wallets, which is practically 16% of the entire issue.
➡️We see a wallet that buys a token at any price and between January 4, 2024 and March 4, it withdrew 2M coins from the Coinbase exchange. Another wallet accumulated 1.3 million coins in 2 days between March 15th and 17th.
Conclusion: the trend of a decentralized derivatives exchange is promising (Head of DWF LABS previously wrote about this), the main holder of coins is the Binance exchange, the coin is actively accumulating even at current prices with better dynamics than more successful competitors . The price accumulates for about 700 days, which increases the probability of hitting the nearest $4-6 targets ❤️🚀☺️
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BITCOIN 👨‍🦳

➡️Yesterday, after the price rebounded from the level of $62,500, I warned you in a post that the descending structure at 4H has not yet been broken, therefore, it is premature to talk about the completion of the correction, the structure has not been broken and the price has decreased.

➡️A descending structure is a price movement in which the minimums are updated, but the maximums are not updated (Lower low - Lower High) - the last local maximum was $65,750, it will be possible to talk about breaking the structure only after the price goes higher.

➡️At the moment, the strong zone is $60,000, and also, a good number of liquidations are at $58,000; as part of the development of the descending structure, entry into these zones cannot be ruled out.

And I’ll express my thoughts in more detail in the daily review, don’t miss it ❤️🍋🚀
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