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koinmilyoner
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Bullish
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Based on the knowledge I have gained over the years about
#cryptocurrency
markets đš, the next
#Bitcoin
bull cycle will probably occur in 3 monthsâ¨
#CryptoMarketMoves
#BullRun
#koinmilyoner
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Institutional Investors Are Looking For Bitcoin To Cross $80,000 By The End Of November
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Last Time Dogecoin Volume Crossed $4 Billion SHIB and DOGE Went Parabolic As anticipated by analysts, the November entry marked the start of the Bitcoin bull market. Bitcoin is close to a new all-time high, but a last push remains. DOGE, the memecoin leader, burst out of its four-month high with record volume. Shiba Inu rebounded 19% in four days after the short-term adjustment. Most altcoins are also rising, making this a fantastic time to add foundational currencies to your portfolio. The recent price behavior of DOGE and SHIB and a prospective hot name will be discussed. DOGE Aims High With Multi-Week Breakout After almost six months of market decline, DOGE's weekly chart breakthrough reassured investors. Dogecoin volume has trended after exceeding $4 billion intraday. After months of decline, Dogecoin volume soared, demonstrating substantial trading engagement. In 24 hours, Dogecoin volume surpassed $3.30 billion with a 5% price gain. DOGE encountered a slight roadblock at 1 FIB based on the Fibonacci extension. Upcoming resistance is $0.20, and immediate support is $0.131. Ichimoku Cloud Channel Supports Shiba Inu, Uptrend Ahead? Recently, SHIB has done badly compared to DOGE, with little movement in the previous 30 days. Since September, Shiba Inu has failed to maintain momentum and returned to the Ichimoku channel. SHIB rose 15% from support to $0.000018. If DOGE keeps rallying, Shiba Inu will follow. If anything goes wrong, traders should stick to their stop loss. SHIB's monthly breakthrough level of $0.000021 is key resistance. #DOGE #SHIB #Memecoins $DOGE
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What's Driving Demand for Tether's $1 Billion USDT Mint on Tron? In a busy week, Tether allowed the minting of another 1 billion USDT tokens, bringing the total to $33 billion in a year. The company's treasury wallet received the extra tokens shortly after Tron created them, according to blockchain data. Last Tuesday at 20:43 UTC, Whale Alert verified the current transaction. The company's newest replenishment purchase has raised concerns about rising demand and prices. Tether CEO Says New Mint Is âAuthorized But Not Issuedâ Tether CEO Paolo Ardoino stated this new mint order as âauthorized but not issued.â The Tron network's freshly generated USDT tokens are in the company's inventory, not circulating. In summary, they are stored for future chain swaps and issuance requests. The corporation revealed the minting order on its transparency website. USDT lists $1.05 billion in freshly created tokens under âauthorized but not issuedâ. Last year, Tron generated more Tether tokens due to rising demand. As of October 29, Tron has created $20 billion in tokens. Tron accounts for almost half of USDT tokens in circulation. TradingView.com: BTCUSD daily chart @ $72,275 Latest data shows $120 billion Tether tokens in circulation, with over 51% and 61.7 billion on Tron. Ethereum is the second-largest USDT reserve at 45% of $55 billion. With approximately 67% of stablecoins in circulation, Tether dominates the field. Next for Tether? Tether's USDT coins' future is uncertain with the latest mint order. Stablecoins may have increased due to the current bitcoin price jump. âwhen they print, we go higher,â one social media user said, referring to minting more tokens to satisfy future issuance needs. In optimistic crypto markets, stablecoin minting and deployment indicate rising demand. Increased stablecoin supply frequently drives crypto prices. After falling below $50,000, Bitcoin's price steadied until Tether issued $3 billion in USDT tokens in August. #BinanceBlockchainWeek #Tether #Tron @Justin SunĺĺŽć¨ $TRX
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