📊 ANALYSIS: Four years ago, MicroStrategy embraced the #Bit | TopCryptoNews on Binance Square

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📊 ANALYSIS: Four years ago, MicroStrategy embraced the #Bitcoin standard. Since then, Michael Saylor's initiative has outperformed all key assets, companies, and indices in terms of growth dynamics.
#MicroStrategy $BTC 

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📊 $5 Million Outflow Puts Immutable X (#IMX ) Price In Trouble Again Immutable X price seemed to be trading in green after experiencing a bloodbath in the last five sessions. IMX has slipped downwards wiping out nearly 20% in the period. It is now trying to stabilize near the monthly lows. At the time of writing, Immutable X was exchanging hands at close to $1.198, recording a 2.33% rise intraday. Recent on-chain data shows a drop in Open Interest contracts in the recent sessions. Let’s analyze the possible trajectory of IMX Price for September and find out whether Immutable may head for a recovery or if the losses will expand. 🔸 Immutable Futures Traders Stepping Back From the Market In the recent sessions, Bitcoin slipped below $60K, triggering panic among investors. The panic in the broader market put pressure on the altcoins, with Immutable losing nearly 20% in less than a week. Moreover, in tandem with the price drop, the futures traders stepped back from the long side. As per the data obtained from an on-chain analytics website Santiment, the Open Interest contracts have dropped from $28.1 Million to $23 Million, a nearly 17% drop over the week. Nearly 5.1 Million positions have been liquidated in recent sessions, indicating a long unwinding among the short term traders. Moreover, the volume to market cap ratio at 2.24% suggests low volatility in the crypto. Also, the 24 hour active addresses seemed to be constant in the recent sessions, whereas the 7 day active address was observed to be decreasing constantly indicating a drop in the user engagement. The active addresses reflect the change in number of users that have taken part in any transaction in a given period of time. An increasingly active address often leaves a positive impact on the price and vice versa. 🔸 Immutable X Price To Crash to a New Annual Low or Recover? The price action analysis showcases buyers’ failure. Recently, the bulls attempted a recovery after stabilizing near the lows. However, the price suffered rejections near the 50 day EMA and slumped.

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🤔 Dogecoin Price Hits $0.1, Will Elon Musk’s Backing Push DOGE To $1? Dogecoin price surged over 10% to cross the brief $0.1 mark, fueled by Elon Musk's backing and other market trends, sparking speculation about a potential rally to $1. Dogecoin price has surged more than 10% today, crossing the brief $0.1 mark, fueling market interest. Recently, the backing from the tech mogul Elon Musk has sparked market optimism towards the leading dog-themed meme coin. In addition, the Dogecoin lawsuit update has also gained notable attention from market participants, raising bets over a potential rally to $1 in the coming days. 🔸 Why Is #Dogecoin Price Rising Today? The recent surge in DOGE price has sparked discussions in the crypto market over the potential reasons behind the recent rally. Here we explore some of the top reasons that might have helped gains in the meme coin. 🔸 Elon Musk’s Dogecoin Lawsuit Win Sparks Market Optimism Recently, Tesla CEO Elon Musk has secured the dismissal of a federal lawsuit accusing him and Tesla of manipulating the Dogecoin price for personal gain. The Dogecoin lawsuit, filed in Manhattan federal court, alleged insider trading and publicity stunts to inflate the crypto’s price by 36,000%. However, the recent dismissal, issued by US District Judge Alvin Hellerstein, comes after investors failed to substantiate their claims across five versions of the lawsuit. The news may be contributing to DOGE’s recent price surge, as the crypto market reacts to the removal of legal uncertainty surrounding Musk’s involvement. 🔸 Elon Musk’s Recent Backing Of DOGE Elon Musk has been actively backing the top meme coin recently, fueling market speculations. In a recent X post, the Tesla CEO said that he would like to add Dogecoin as a payment option for Tesla merchandise. This comment has fueled discussions about whether the company would also start accepting #DOGE as a viable payment option for its vehicles. #ElonMusk

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🔹 #Chainlink Has started a good upward lag and is on the way to correction, reaching 9.622 - 9.902 is suitable for buying and you can buy it for higher prices and get a good profit. The targets we expect to be touched in the short term are 10.820, 11.482 and the rest. The targets in the chart are clear that those targets can be considered for the long term, although this scenario is valid until the price candle does not close below 9.276. #LINK

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⚠️ DON'T MISS THE X'S! While some investors are making hypotheses and waiting for the right moment to buy #BTC , others are making millions on GEMS! The main idea is to find nugget projects and buy their tokens at an early stage at a low price. After entering the exchange, such tokens fly to the moon, and their investors fix tens and sometimes hundreds of X's. Crypto Archaeologist - found hundreds of such projects. In his channel he regularly publishes such statistics with a transparent report on each.

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🟠 Michael Saylor compares #Bitcoin to Apple in 2011, saying it makes no sense to trade when you know it will go up by a factor of 100 $BTC #MichaelSaylor #BTC

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