*#BTC 🔥🔥🔥🔥🔥 #dump (Bitcoin is falling into Hell)**
**Three Pieces of Bad News: Straight Talk**
Friends, I have three pieces of very bad news for you at once. I don't like to upset you, but honesty and trust are the main thing here, so let's get straight to the point.
**Binance's Deletion and Bitcoin's Fall**
First: Binance deleted my previous post about Bitcoin falling. As a result, it fell by 1k during this time. But I won't stop and say it again - the current rise is just a manipulation so that big players can fix their profits before an even bigger fall.
**The Crucial $67,300 Level**
Secondly: there is only one important level that matters right now, and that is $67,300. If bitcoin goes up and overcomes it, my idea will be invalidated. Even in this case, I can say for sure that we should not expect a strong growth of bitcoin and new ATH in the near future, at best there will be a range for a few months.
**Combatting Scams and Maintaining Integrity**
Third: I already wrote that today I saw a fake account with my name and photo in social platforms. I'll say it again, I'm a lone wolf 🐺 and I don't like publicity... but I don't like scams even more. For over 10 years now I have been making money from trading, algorithms and have several businesses related to it. So I will never ask you for money, and I will never sell scams, everything I give is always free. Good luck and as always, be careful not to be manipulated in or out of the market...
#**🐸 The Meme Coin Market is Oversaturated 🐶: Now High Risk, Low Reward 😅**
**The Bull Run Nostalgia: 2020-2021**
Remember the bull run of 2020-2021, when meme coins like Dogecoin, Shiba Inu, and FLOKI soared? Well, the crypto market has changed, and those high-flying dogsh*t meme coins might not be the best bet anymore.
**The Crowded Landscape**
Think about it this way: the meme coin landscape has become too crowded. In the past, meme coins thrived because they had limited competition and tons of retail investors jumping in. But now, anyone can create a new coin, making the market flooded with options.
**The Rise of New Coins**
Deploying an ERC-20 token used to be a challenge. Today, anyone can do it. Last month, 138 new meme coins were listed on CoinMarketCap, compared to just 18 in April 2023. This explosion of new coins makes it hard for any single coin to stand out.
**Entering a Volatile Market**
Investing in meme coins today means entering a crowded and highly volatile market. The odds of striking it rich are slim, and the chances of losing everything are high. Without a diversified portfolio, you could lose your entire investment in a heartbeat.
**Diversification Dilemma**
If you want to play the meme coin game, you need lots of diversification. But even then, a 20x on one coin might not make much of a difference if your portfolio is too spread out. Besides, the market dynamics have changed. During the meme coin boom, demand outpaced supply. Now, it's the other way around—there are too many coins and not enough buyers. Prices can drop fast, leaving investors holding the bag with significant losses.
**The Slim Pickings of Profit**
No doubt, meme coins still offer big returns, just that the risks have gone up considerably. Currently, only a few meme coins out of thousands will turn a profit. So, maybe ask yourself whether you'd be better off holding Bitcoin or other blue-chip cryptos.
**Whales Shift 767 Million DOGE on Robinhood Amid Price Slip**
In a shockwave curating development witnessed today, May 7, Dogecoin whales have once again nabbed significant attention, shifting nearly 767 million coins amid DOGE’s price slip. Coming in tandem with Robinhood’s receiving of a Wells notice by the U.S. SEC (Securities and Exchange Commission), the massive amounts of DOGE tokens shuffled from the crypto exchange took the broader crypto market by storm.
These massive whale transactions follow remarkable gains noted by Dogecoin recently, primarily imputed to Tesla’s acceptance of DOGE as a payment method. Collectively, this chronicle has stirred a whirlpool of speculations among crypto market participants over future price movements as DOGE’s price trajectory illustrated a noteworthy dip today. Topping the $0.16 mark briefly in the past 24 hours, the token again slipped to the $0.15 level, aligning with broader market trends.
**Whales Shuffle 767 Mln DOGE Via Robinhood: Report**
According to the insights streamlined by Whale Alert, 767 million DOGE was collectively shifted through 4 massive transactions in the past 24 hours. While a majority of these transactions illustrated the accumulation of DOGE tokens, a colossal dump undermined these accumulations. Notably, data spotlighted three DOGE accumulations by unknown addresses, worth 79.18 million, 123.81 million, and 163.92 million DOGE tokens. On the other hand, 400 million DOGE was moved to Robinhood by an unknown address, birthing contrasting sentiments over Dogecoin’s price action ahead.
**Robinhood’s Regulatory Scrutiny Adds to Speculation**
In light of Robinhood receiving a Wells notice from the U.S. SEC, a notice that means that the regulatory body plans to bring an enforcement action against Robinhood’s crypto businesses for violating securities laws, these transactions have garnered additional interest. $DOGE #DOGE#Dogecoin#CryptoWatchMay2024
**Dogecoin Creator's Statement: Detachment from Project**
Amidst swirling speculation about an impending "big announcement" for Dogecoin, its enigmatic creator, Billy Markus, also known as Shibetoshi Nakamoto, has once again distanced himself from the current trajectory of the popular meme cryptocurrency. Markus swiftly doused any hopes, affirming his detachment from the project for the past decade, despite pioneering its inception.
**Dogecoin Price Surges by 4.5%**
Meanwhile, the price of Dogecoin has been on a notable upswing, injecting further intrigue into the speculative atmosphere surrounding the cryptocurrency. In a surprising turn of events, DOGE's value surged by 4.5% in the past several days, reaching a peak of $0.16832. Remarkably, this surge marks a staggering 30% increase since last Thursday, catapulting Dogecoin from its recent low of $0.124.
**Speculation Abounds Amid Price Surge**
The implications of Dogecoin's price surge are currently under scrutiny, with speculation abounding regarding potential catalysts for its bullish momentum. Despite the absence of concrete announcements, theories range from Tesla's rumored integration of Dogecoin as a payment option to the possibility of its adoption within Elon Musk's ventures. As Dogecoin continues to capture the attention of investors and enthusiasts worldwide, the anticipation of "big announcements" adds to the intrigue surrounding this beloved meme cryptocurrency.#CryptoWatchMay2024
As the Shiba Inu burn rate rises and the price of Dogecoin grows, BlockDAG (BDAG) presale has reached impressive levels, reaching over $23.2 million as it rapidly approaches its tenth batch sale. This increase underscores its potential to eclipse the top meme coins.
BlockDAG also announced ten new payment options for purchasing BDAG coins, allowing investors to purchase their own coins using Bitcoin, Kaspa, and other coins. While #ShibaInu and #Dogecoin have shown notable trends, BlockDAG's dramatic increase in pre-sale numbers points to more vital market traction.
**Shiba Inu Burn Rate Surges: Over 2 Million SHIB Tokens Permanently Removed**
The #ShibaInu burn rate witnessed a significant increase, increasing by 90% in just one day, resulting in the permanent removal of over two million SHIB tokens from circulation. This increase in Shiba Inu burn rate is part of ongoing efforts to make #SHIB tokens less scarce, thus potentially increasing their value.
Despite the current decline in its price amid the overall market downturn, the Shiba Inu's sustained burn rate may signal an impending recovery. Moreover, continuous development and upgrades to Shiba Inu's Shibarium platform aimed at improving trading efficiency and user experience may further complement the increase in Shiba Inu burn rate, possibly triggering a price increase in the future.
Dogecoin's price currently stands at $0.127, showing a modest daily increase of 1.84% but facing significant weekly declines of 15.49% and monthly declines of 32.10%. Despite these fluctuations, Dogecoin achieved significant annual growth of 61.58%, maintaining a strong market value of $1.92 billion and ranking 8th among cryptocurrencies
Solana emerges as a high-performance blockchain platform, aiming to revolutionize decentralized finance (DeFi) with fast, secure, and scalable infrastructure. With a current price of $142, it's projected to soar to $180 by May's end.
**2. Dogecoin (DOGE): From Joke to Serious Contender**
Initially a meme, Dogecoin has evolved into a serious player in the crypto space. With a current price of $0.1434, it's expected to reach $0.32 by May 2024.
Cardano seeks to provide a secure and scalable platform for decentralized applications and smart contracts. With a current price of $0.4563, it's forecasted to hit $0.8042 by May's end.
**5. Saga: Revolutionizing Layer 1 Protocols**
Saga introduces Chainlets, allowing for infinite horizontal scalability. Priced at $3.37, it's projected to reach $4 by May 2024.
**Engage with the Community: Share Your Picks**
Like, share, and comment to voice your favorite altcoin for May 2024. Let's build a community of informed investors and enthusiasts.
BTC has recently broken out of a descending channel, resulting in a $1000+ difference. However, it failed to breach resistance, leading to a dump after reaching 65.5k. Now, BTC has broken down the pattern, suggesting a potential fall in price, possibly until 59k - 60k. Despite recent bullish signals, it's essential to note the resistance area between 63.5k - 65.2k. Before considering long positions, confirming a breakout beyond this resistance is crucial to avoid potential dumps.
**Risk Assessment: Proceed with Caution**
I've been warning about a potential dump in BTC since last week, emphasizing the need for correction, ideally around 50k-52k. It's vital to make informed decisions to protect your investments and avoid losses.
**Stay Informed, Stay Safe**
Don't overlook the importance of staying updated and making sound decisions for your investments. With volatility in the crypto market, it's crucial to exercise caution and consider all factors before taking action. Share this information with friends to help them navigate the market effectively.
**CryptoWatchMay2024: Keeping a Close Eye**
As we navigate through May 2024, it's essential to monitor developments in the crypto market closely. With hashtags like #mi_395, #BlackRock, #buythedip, and #MicroStrategy, staying informed has never been easier. Remember, knowledge is power in the world of cryptocurrency.
**Disclaimer: Proceed with Caution**
Remember, this article includes third-party opinions and does not constitute financial advice. Always refer to the terms and conditions and exercise caution when making investment decisions.
**BTCUSDT Perp: Current Status**
BTCUSDT Perp is currently at 63,220.1, showing a decrease of 1.32%. Stay updated with the latest developments to make informed decisions about your investments.
**Engage with the Community**
Share your thoughts and insights with the community. Your contributions can help others navigate the complex world of cryptocurrency investing.
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As the cryptocurrency market continues to evolve, many investors are eager to know what the future holds for their favorite digital assets. Here's a glimpse into some potential price predictions for 2025:
**Bitcoin ($BTC ): $180,000**
Bitcoin, the pioneer cryptocurrency, is forecasted to reach a staggering $180,000 by 2025, according to some analysts.
**Ethereum ($ETH ): $10,000 - $15,000**
Ethereum, the leading blockchain platform, is anticipated to see significant growth, with projections ranging from $10,000 to $15,000 per token.
**XRP: $1 - $1.5**
Despite recent controversies, XRP is expected to rebound, with price estimates ranging from $1 to $1.5.
**Cardano ($ADA): $1 - $1.5**
Cardano, known for its focus on scalability and sustainability, could potentially see its value rise to between $1 and $1.5.
**Solana ($SOL): $400**
Solana, a high-performance blockchain, is projected to reach $400, reflecting its growing popularity and utility.
**Dogecoin ($DOGE): $1**
The meme-inspired cryptocurrency, Dogecoin, is predicted to hit $1, buoyed by its enthusiastic community and widespread adoption.
**Shiba Inu ($SHIBA): $0.0001**
Shiba Inu, another meme coin, may see modest gains, with estimates placing its value at $0.0001.
**Terra ($TIA): $100**
Terra, a blockchain platform focused on stablecoins, could potentially reach $100, driven by its innovative approach to decentralized finance.
**Binance Coin ($BNB): $2,000**
Binance Coin, the native token of the Binance exchange, is expected to soar to $2,000, reflecting its integral role in the crypto ecosystem.
**Polygon ($MATIC ): $4 - $5**
Polygon, a scaling solution for Ethereum, is forecasted to see significant growth, with prices ranging from $4 to $5.
**Manta ($MANTA): $20**
Manta, a lesser-known cryptocurrency, could potentially see its value rise to $20, fueled by developments in its ecosystem.
A bullish breakout is expected, potentially forming a small triangle pattern.
**3. Key Resistance Levels:**
Key Levels: - $0.165: strong resistance level - $0.175: small key level - $0.185: more realistic price target if the breakout occurs
**4. Potential Pullback Ahead:**
I expect a potential pullback to $0.15 and $0.145 before a breakout.
**5. Bitcoin Correlation:**
Dogecoin is highly correlated to Bitcoin.
**6. Watching Bitcoin's Movement:**
If Bitcoin breaks above $64,000, Dogecoin will likely break out as well.
**7. Conclusion:**
Be prepared for a potential pullback, but a breakout above $0.165 is likely. Keep an eye on Bitcoin's price movement, as it will likely impact Dogecoin's price action.