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Seeking a knowledgeable mentor to guide me on trading and investing on Binance. If you're experienced and willing to share your expertise, I'd love to connect! #BinanceAlphaAlert #BitEagleNews #LearnTogether #TrendingTopic
Everyday glossaryđ»day 11
Eclipse Attack - When the majority of peers on the network are malicious and monopolize the network in order to prevent specific nodes from receiving information from honest nodes.
Efficient Market Hypothesis (EMH) - aneconomic theory stating financial markets reflect all available information on the price of assets at any time.
#LearnTogether #learn2earn #Write2Earn
Eclipse Attack - When the majority of peers on the network are malicious and monopolize the network in order to prevent specific nodes from receiving information from honest nodes.
Efficient Market Hypothesis (EMH) - aneconomic theory stating financial markets reflect all available information on the price of assets at any time.
#LearnTogether #learn2earn #Write2Earn
How to Succeed in Crypto: The Simple Secret No Oneâs Telling You đ€«
When it comes to crypto, everyone wants the magic formulaâthe secret sauce that guarantees massive gains. But let me break it to you: there isnât one. And the influencers who tell you theyâve cracked the code are either delusional, riding the hype wave, or just outright lying to you.
Youâve probably heard the conflicting hot takes:
âąâThe bull run is over, sell now!â
âąâBTC is going to $200K; this is your last chance!â
The truth? Nobody knows. Not the âexperts,â not the influencers, not the guy who made a fortune buying DOGE at the right time. So letâs stop pretending anyone has a crystal ball and focus on what actually matters.
Timing the Market Is a Foolâs Game. YOU CANNOT TIME THE MARKET.
Let me save you some heartache: you will never catch the exact top or bottom of the market. Itâs impossible. Crypto moves too fast, too unpredictably, and often without logic.
Instead of stressing over timing the market, you should shift your focus to a far more important concept: time in the market. The longer youâre in the game, the better your chances of success. The key is having a strategyâone that doesnât rely on luck or market timing.
And this brings me to two crucial strategies for anyone serious about crypto investing. One youâve likely heard of, and the other? Itâs criminally underrated.
Strategy 1: DCA In (Dollar-Cost Averaging)
Dollar-cost averaging (DCA) is the OG strategy for entering any market, and it works beautifully for crypto. Hereâs how it works:
Instead of throwing all your money into a token at once, you buy it in smaller, consistent amounts over time. This spreads out your risk and helps you avoid buying at a peak. For example, if you have $1,000 to invest, you could allocate $100 per week for 10 weeks.
DCA smooths out the volatility. Itâs simple, effective, and reduces the anxiety of âDid I buy at the wrong time?â
Strategy 2: DCA Out (The Strategy Nobody Talks About)
Hereâs the real kicker: most investors only focus on buying. But what about selling?
This is where almost everyone messes up. You see, 95% of investors either:
1.Hold forever because theyâre convinced their token will âmoonâ one day, or
2. Panic sell during dips, locking in losses.
The problem? They have no exit strategy.
Let me introduce you to DCA Out. The idea is simple: instead of trying to sell everything at the perfect top (which, again, is impossible), you sell slowly at different price targets.
For example:
âąIf your token hits 2x your investment, sell 25%.
âąIf it hits 5x, sell another 25%.
âąKeep a small âmoon bagâ (maybe 10-20%) in case the token goes 100x to avoid FOMO.
This way, you lock in profits while still leaving room for potential upside. Trust me, profits never hurt.
Why Most People Fail
Most people lose money in crypto not because they bought the wrong token, but because they had no plan. They either panic sell, get greedy, or cling to a dream that their coin will make them a millionaire overnight.
Crypto isnât a lottery ticket. Itâs a market that rewards strategy, patience, and discipline. DCA In and DCA Out are the foundation of this approach.
Final Thoughts
This bull run might retire your familyâor it might not. Thatâs the reality of crypto. But if you understand what Iâve just shared, youâre already ahead of 95% of investors.
Make a plan. Stick to it. And donât get caught up in the noise of influencers shouting predictions. No one knows the top or bottom. What you can control is your strategy, your mindset, and your ability to take profits.
So go ahead, stack those sats, take those profits, and secure your future. Remember: the only way to win in crypto is to play the long game.
#BullCyclePrediction
Youâve probably heard the conflicting hot takes:
âąâThe bull run is over, sell now!â
âąâBTC is going to $200K; this is your last chance!â
The truth? Nobody knows. Not the âexperts,â not the influencers, not the guy who made a fortune buying DOGE at the right time. So letâs stop pretending anyone has a crystal ball and focus on what actually matters.
Timing the Market Is a Foolâs Game. YOU CANNOT TIME THE MARKET.
Let me save you some heartache: you will never catch the exact top or bottom of the market. Itâs impossible. Crypto moves too fast, too unpredictably, and often without logic.
Instead of stressing over timing the market, you should shift your focus to a far more important concept: time in the market. The longer youâre in the game, the better your chances of success. The key is having a strategyâone that doesnât rely on luck or market timing.
And this brings me to two crucial strategies for anyone serious about crypto investing. One youâve likely heard of, and the other? Itâs criminally underrated.
Strategy 1: DCA In (Dollar-Cost Averaging)
Dollar-cost averaging (DCA) is the OG strategy for entering any market, and it works beautifully for crypto. Hereâs how it works:
Instead of throwing all your money into a token at once, you buy it in smaller, consistent amounts over time. This spreads out your risk and helps you avoid buying at a peak. For example, if you have $1,000 to invest, you could allocate $100 per week for 10 weeks.
DCA smooths out the volatility. Itâs simple, effective, and reduces the anxiety of âDid I buy at the wrong time?â
Strategy 2: DCA Out (The Strategy Nobody Talks About)
Hereâs the real kicker: most investors only focus on buying. But what about selling?
This is where almost everyone messes up. You see, 95% of investors either:
1.Hold forever because theyâre convinced their token will âmoonâ one day, or
2. Panic sell during dips, locking in losses.
The problem? They have no exit strategy.
Let me introduce you to DCA Out. The idea is simple: instead of trying to sell everything at the perfect top (which, again, is impossible), you sell slowly at different price targets.
For example:
âąIf your token hits 2x your investment, sell 25%.
âąIf it hits 5x, sell another 25%.
âąKeep a small âmoon bagâ (maybe 10-20%) in case the token goes 100x to avoid FOMO.
This way, you lock in profits while still leaving room for potential upside. Trust me, profits never hurt.
Why Most People Fail
Most people lose money in crypto not because they bought the wrong token, but because they had no plan. They either panic sell, get greedy, or cling to a dream that their coin will make them a millionaire overnight.
Crypto isnât a lottery ticket. Itâs a market that rewards strategy, patience, and discipline. DCA In and DCA Out are the foundation of this approach.
Final Thoughts
This bull run might retire your familyâor it might not. Thatâs the reality of crypto. But if you understand what Iâve just shared, youâre already ahead of 95% of investors.
Make a plan. Stick to it. And donât get caught up in the noise of influencers shouting predictions. No one knows the top or bottom. What you can control is your strategy, your mindset, and your ability to take profits.
So go ahead, stack those sats, take those profits, and secure your future. Remember: the only way to win in crypto is to play the long game.
#BullCyclePrediction
Fundamental Analysis in Crypto: What is it? class 2
The concept of fundamental analysis in the context of cryptocurrency. Fundamental analysis is a method used to evaluate the intrinsic value of a cryptocurrency by examining various factors, such as the underlying technology, team, whitepaper, token economy, potential profitability, community, use cases, and external factors like market conditions and estimated product demand.
The primary goal of fundamental analysis is to determine whether a cryptocurrency is undervalued or overvalued, enabling investors to make informed decisions about which assets to invest in. This approach requires expertise, a clear methodology, and time to research the project thoroughly and understand its long-term growth potential.
The article highlights that fundamental analysis is more suitable for long-term investors who aim to profit from project growth and price appreciation. In contrast, technical analysis, which focuses on technical indicators, is more commonly used by short and medium-term traders who speculate on market trends and price swings.
_Key Points:_
- Fundamental analysis evaluates the intrinsic value of a cryptocurrency by examining various factors
- The primary goal is to determine whether a cryptocurrency is undervalued or overvalued
- This approach requires expertise, a clear methodology, and time to research the project
- Fundamental analysis is more suitable for long-term investors
- Technical analysis is more commonly used by short and medium-term traders
_Summary:_
Fundamental analysis is a method used to evaluate the intrinsic value of a cryptocurrency by examining various factors. This approach helps investors determine whether a cryptocurrency is undervalued or overvalued, enabling them to make informed decisions. Fundamental analysis is more suitable for long-term investors, while technical analysis is more commonly used by short and medium-term traders.
#NFPCryptoImpact #BinanceAlphaAlert #fundamentalanalysis #LearnTogether #LearnAndEarn"
$DOGE
The concept of fundamental analysis in the context of cryptocurrency. Fundamental analysis is a method used to evaluate the intrinsic value of a cryptocurrency by examining various factors, such as the underlying technology, team, whitepaper, token economy, potential profitability, community, use cases, and external factors like market conditions and estimated product demand.
The primary goal of fundamental analysis is to determine whether a cryptocurrency is undervalued or overvalued, enabling investors to make informed decisions about which assets to invest in. This approach requires expertise, a clear methodology, and time to research the project thoroughly and understand its long-term growth potential.
The article highlights that fundamental analysis is more suitable for long-term investors who aim to profit from project growth and price appreciation. In contrast, technical analysis, which focuses on technical indicators, is more commonly used by short and medium-term traders who speculate on market trends and price swings.
_Key Points:_
- Fundamental analysis evaluates the intrinsic value of a cryptocurrency by examining various factors
- The primary goal is to determine whether a cryptocurrency is undervalued or overvalued
- This approach requires expertise, a clear methodology, and time to research the project
- Fundamental analysis is more suitable for long-term investors
- Technical analysis is more commonly used by short and medium-term traders
_Summary:_
Fundamental analysis is a method used to evaluate the intrinsic value of a cryptocurrency by examining various factors. This approach helps investors determine whether a cryptocurrency is undervalued or overvalued, enabling them to make informed decisions. Fundamental analysis is more suitable for long-term investors, while technical analysis is more commonly used by short and medium-term traders.
#NFPCryptoImpact #BinanceAlphaAlert #fundamentalanalysis #LearnTogether #LearnAndEarn"
$DOGE
this reward from Learn and earn . if you can't find it just search in the service. this reward eligible only the use who never stacking the token before .
#learn2earn
#LearnTogether
#learn2earn
#LearnTogether
batom:
Thank you, brother.
Everyday glossaryđ»day 10
Digital signature - a cryptographic tool to verify the authenticity and integrity of digital data, ensuring the security of data communication and cryptocurrency transactions.
Do Your Own Research (DYOR) - a valuable piece of advice. It's always wise to research a coin or token yourself instead of following what others say.
#LearnTogether #learn2earn
Digital signature - a cryptographic tool to verify the authenticity and integrity of digital data, ensuring the security of data communication and cryptocurrency transactions.
Do Your Own Research (DYOR) - a valuable piece of advice. It's always wise to research a coin or token yourself instead of following what others say.
#LearnTogether #learn2earn
Lets learn Fundamental Analysis Class 1.
What's Open Interest đ€ ? Complete easy guide below đ
Don't forget to follow me for further update !
let's tart đ
What's Open Interest in crypto market and how its impact the market ?
This is a great example that helps understand the concept of Open Interest. The example shows three traders trading in a newly established market. Initially, the market has an Open Interest of 0 and a price of $100. Trader A takes a long position, while Trader B takes a short position. As a result, the Open Interest becomes 1 because a long and a short position have been opened simultaneously.
The market price rises to $150, and Trader C also takes a long position. Trader A exits their position and matches Trader C's position. The question is, has the Open Interest changed? No, the Open Interest remains 1 because a long position has exited, and a new long position has been opened.
The market price continues to rise and reaches $200. Trader B exits their position and matches Trader C's position. As a result, both traders' positions are closed, and the Open Interest returns to 0.
This example illustrates that there are three possible outcomes for Open Interest:
1. If both buyers and sellers increase, Open Interest will increase.
2. If both buyers and sellers close their positions, Open Interest will decrease.
3. If one side opens new positions while the other side closes their positions, Open Interest will remain the same.
This example also shows how the underlying asset price changes when every buyer has a corresponding seller and vice versa. This is a complex topic, but this example helps understand the concept.
#USJoblessClaimsDrop #BinanceAlphaAlert #fundamentalanalysis #Openinterest #LearnTogether
What's Open Interest đ€ ? Complete easy guide below đ
Don't forget to follow me for further update !
let's tart đ
What's Open Interest in crypto market and how its impact the market ?
This is a great example that helps understand the concept of Open Interest. The example shows three traders trading in a newly established market. Initially, the market has an Open Interest of 0 and a price of $100. Trader A takes a long position, while Trader B takes a short position. As a result, the Open Interest becomes 1 because a long and a short position have been opened simultaneously.
The market price rises to $150, and Trader C also takes a long position. Trader A exits their position and matches Trader C's position. The question is, has the Open Interest changed? No, the Open Interest remains 1 because a long position has exited, and a new long position has been opened.
The market price continues to rise and reaches $200. Trader B exits their position and matches Trader C's position. As a result, both traders' positions are closed, and the Open Interest returns to 0.
This example illustrates that there are three possible outcomes for Open Interest:
1. If both buyers and sellers increase, Open Interest will increase.
2. If both buyers and sellers close their positions, Open Interest will decrease.
3. If one side opens new positions while the other side closes their positions, Open Interest will remain the same.
This example also shows how the underlying asset price changes when every buyer has a corresponding seller and vice versa. This is a complex topic, but this example helps understand the concept.
#USJoblessClaimsDrop #BinanceAlphaAlert #fundamentalanalysis #Openinterest #LearnTogether
Everyday glossaryđ»day 9
Decryption - the act of reverting an encryption process so that unreadable data (ciphertext) can be converted into readable data (plaintext).
Delisting - The removal of an asset from an exchange either as a request from the project team or as a decision made by the exchange.
#LearnTogether #learn2earn
Decryption - the act of reverting an encryption process so that unreadable data (ciphertext) can be converted into readable data (plaintext).
Delisting - The removal of an asset from an exchange either as a request from the project team or as a decision made by the exchange.
#LearnTogether #learn2earn
#LearnTogether
Upcoming project đ
Upcoming project đ
Binance Academy
--
What Is Solv Protocol (SOLV)?
Disclaimer: This article is for educational purposes only. The information provided through Binance does not constitute advice or recommendation of investment or trading. Binance does not take responsibility for any of your investment decisions. Please seek professional advice before taking financial risks.
Key Takeaways
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), enabling Bitcoin users to maximize the value and utility of their holdings.
Solv Protocol bridges Bitcoin to DeFi, enabling staking and yield generation through tools like SolvBTC and Liquid Staking Tokens (LSTs).
The Staking Abstraction Layer (SAL) allows seamless Bitcoin staking across blockchains, enhancing interoperability and user experience.
Introduction
Bitcoin has long been considered a good store of value and a hedge against fiat depreciation. However, its utility in the Web3 ecosystem has been limited due to the lack of cross-chain compatibility and accessible financial instruments.Â
Solv Protocol aims to change that by introducing tools and infrastructure that enable Bitcoin to be used more actively in the Web3 and decentralized finance (DeFi) space.
What Is Solv?
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), allowing Bitcoin holders to unlock the full potential of their assets.Â
With Bitcoin being the biggest cryptocurrency in the world, its integration into DeFi can offer users opportunities to earn yields, engage in new financial strategies, and benefit from blockchain interoperability.
At its core, Solv Protocol provides Bitcoin holders with the ability to stake, earn yields, and leverage financial products, all without sacrificing liquidity or control over their assets.
Key Features of Solv Protocol
1. SolvBTC: a Bitcoin reserve token
SolvBTC is a central component of Solv Protocol. Itâs a Bitcoin reserve token backed 1:1 by BTC. This token acts as a bridge, enabling Bitcoin holders to participate in DeFi activities on various blockchains.
In other words, Bitcoin holders deposit their BTC into Solv Protocol, where it is converted into SolvBTC. This token represents their Bitcoin holdings and serves as a gateway to DeFi opportunities.
By holding SolvBTC, users can:
Access yield opportunities in the DeFi space.
Participate in staking programs.
Trade or provide liquidity across multiple chains.
SolvBTC ensures that users retain the value of their Bitcoin while engaging in financial strategies that were previously unavailable to them.
2. Liquid Staking Tokens (LSTs)
Liquid Staking Tokens are another innovative feature of Solv Protocol. These tokens allow Bitcoin holders to stake their assets while maintaining liquidity. In traditional staking, assets are locked up, making them inaccessible for other uses. LSTs solve this problem by representing staked assets, which means LSTs can then be used in other applications.
Solv users can stake their SolvBTC to earn LSTs, allowing them to continue generating staking rewards while using their assets in DeFi platforms, such as liquidity pools or decentralized exchanges.
In addition, SolvBTC and LSTs can be traded, lent, or used to provide liquidity on supported DeFi platforms, further enhancing earning opportunities.
3. Staking Abstraction Layer (SAL)
The Staking Abstraction Layer (SAL) is an infrastructure that simplifies Bitcoin staking. SAL serves as a unified interface, enabling users to stake BTC across multiple ecosystems. As such, SAL allows users to access various staking protocols across different blockchains.Â
With this abstraction, they can participate in yield-generating activities without the need to interact directly with multiple networks and systems.
Key benefits of SAL include:
Enhanced interoperability between blockchains.
Easy access to diverse yield streams.
A simplified user experience, eliminating the complexities of managing multiple staking protocols.
SOLV Token
The SOLV token is the native utility token of the Solv Protocol, designed to facilitate governance, incentivize participation, and enhance the overall functionality of the ecosystem. It serves as a multi-purpose asset that enables users to actively engage with the protocol.
Key use cases of the SOLV token include:
Governance: SOLV holders can participate in the decision-making process by voting on proposals related to protocol upgrades, parameter adjustments, and new feature implementations.
Staking incentives: Users can stake their SOLV tokens to earn rewards, further enhancing their earning potential within the ecosystem.
Fee discounts: SOLV tokens can be used to pay for transaction fees within the protocol, offering users reduced fees as an incentive for using the native token.
Reward distribution: The SOLV token is also used to reward contributors, such as validators and liquidity providers, who play an important role in maintaining and expanding the Solv Protocol network.
Why Solv Protocol Matters
Enabling Bitcoin to participate in DeFi unlocks the earning potential of the world's most popular cryptocurrency. Solv made it possible for Bitcoin holders to generate yields on their holdings instead of leaving them idle.
In addition, the protocol is expanding DeFi participation, making it easy for Bitcoin users to access DeFi opportunities without unnecessary technical barriers. With tools like SolvBTC, LSTs, and SAL, users of all experience levels can benefit from a new set of strategies and financial products.
SOLV Airdrop on Binance Megadrop
Binance has announced Solv Protocol (SOLV) as the third project on the Binance Megadrop platform. The Megadrop is scheduled from January 7, 2025, 00:00 UTC to January 16, 2025, 23:59 UTC. Participants can earn SOLV token rewards by staking BNB in Locked Products or completing designated Web3 Quests.Â
Following the Megadrop period, the SOLV token will be listed with the Seed Tag on January 17, 2025, at 10:00 UTC. The trading pairs include SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Closing Thoughts
Solv Protocol is a transformative platform that brings Bitcoin into the world of decentralized finance. By offering solutions like SolvBTC, Liquid Staking Tokens, and the Staking Abstraction Layer, the protocol enables Bitcoin holders to unlock new earning opportunities while contributing to the growth of blockchain ecosystems.
Further Reading
What Is Binance Megadrop and How to Use It?Â
What Is a Crypto Wallet and How to Choose the Right One?
What Is Simon's Cat (CAT)?
Disclaimer: This content is presented to you on an âas isâ basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Key Takeaways
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), enabling Bitcoin users to maximize the value and utility of their holdings.
Solv Protocol bridges Bitcoin to DeFi, enabling staking and yield generation through tools like SolvBTC and Liquid Staking Tokens (LSTs).
The Staking Abstraction Layer (SAL) allows seamless Bitcoin staking across blockchains, enhancing interoperability and user experience.
Introduction
Bitcoin has long been considered a good store of value and a hedge against fiat depreciation. However, its utility in the Web3 ecosystem has been limited due to the lack of cross-chain compatibility and accessible financial instruments.Â
Solv Protocol aims to change that by introducing tools and infrastructure that enable Bitcoin to be used more actively in the Web3 and decentralized finance (DeFi) space.
What Is Solv?
Solv Protocol is a platform that bridges Bitcoin with decentralized finance (DeFi), allowing Bitcoin holders to unlock the full potential of their assets.Â
With Bitcoin being the biggest cryptocurrency in the world, its integration into DeFi can offer users opportunities to earn yields, engage in new financial strategies, and benefit from blockchain interoperability.
At its core, Solv Protocol provides Bitcoin holders with the ability to stake, earn yields, and leverage financial products, all without sacrificing liquidity or control over their assets.
Key Features of Solv Protocol
1. SolvBTC: a Bitcoin reserve token
SolvBTC is a central component of Solv Protocol. Itâs a Bitcoin reserve token backed 1:1 by BTC. This token acts as a bridge, enabling Bitcoin holders to participate in DeFi activities on various blockchains.
In other words, Bitcoin holders deposit their BTC into Solv Protocol, where it is converted into SolvBTC. This token represents their Bitcoin holdings and serves as a gateway to DeFi opportunities.
By holding SolvBTC, users can:
Access yield opportunities in the DeFi space.
Participate in staking programs.
Trade or provide liquidity across multiple chains.
SolvBTC ensures that users retain the value of their Bitcoin while engaging in financial strategies that were previously unavailable to them.
2. Liquid Staking Tokens (LSTs)
Liquid Staking Tokens are another innovative feature of Solv Protocol. These tokens allow Bitcoin holders to stake their assets while maintaining liquidity. In traditional staking, assets are locked up, making them inaccessible for other uses. LSTs solve this problem by representing staked assets, which means LSTs can then be used in other applications.
Solv users can stake their SolvBTC to earn LSTs, allowing them to continue generating staking rewards while using their assets in DeFi platforms, such as liquidity pools or decentralized exchanges.
In addition, SolvBTC and LSTs can be traded, lent, or used to provide liquidity on supported DeFi platforms, further enhancing earning opportunities.
3. Staking Abstraction Layer (SAL)
The Staking Abstraction Layer (SAL) is an infrastructure that simplifies Bitcoin staking. SAL serves as a unified interface, enabling users to stake BTC across multiple ecosystems. As such, SAL allows users to access various staking protocols across different blockchains.Â
With this abstraction, they can participate in yield-generating activities without the need to interact directly with multiple networks and systems.
Key benefits of SAL include:
Enhanced interoperability between blockchains.
Easy access to diverse yield streams.
A simplified user experience, eliminating the complexities of managing multiple staking protocols.
SOLV Token
The SOLV token is the native utility token of the Solv Protocol, designed to facilitate governance, incentivize participation, and enhance the overall functionality of the ecosystem. It serves as a multi-purpose asset that enables users to actively engage with the protocol.
Key use cases of the SOLV token include:
Governance: SOLV holders can participate in the decision-making process by voting on proposals related to protocol upgrades, parameter adjustments, and new feature implementations.
Staking incentives: Users can stake their SOLV tokens to earn rewards, further enhancing their earning potential within the ecosystem.
Fee discounts: SOLV tokens can be used to pay for transaction fees within the protocol, offering users reduced fees as an incentive for using the native token.
Reward distribution: The SOLV token is also used to reward contributors, such as validators and liquidity providers, who play an important role in maintaining and expanding the Solv Protocol network.
Why Solv Protocol Matters
Enabling Bitcoin to participate in DeFi unlocks the earning potential of the world's most popular cryptocurrency. Solv made it possible for Bitcoin holders to generate yields on their holdings instead of leaving them idle.
In addition, the protocol is expanding DeFi participation, making it easy for Bitcoin users to access DeFi opportunities without unnecessary technical barriers. With tools like SolvBTC, LSTs, and SAL, users of all experience levels can benefit from a new set of strategies and financial products.
SOLV Airdrop on Binance Megadrop
Binance has announced Solv Protocol (SOLV) as the third project on the Binance Megadrop platform. The Megadrop is scheduled from January 7, 2025, 00:00 UTC to January 16, 2025, 23:59 UTC. Participants can earn SOLV token rewards by staking BNB in Locked Products or completing designated Web3 Quests.Â
Following the Megadrop period, the SOLV token will be listed with the Seed Tag on January 17, 2025, at 10:00 UTC. The trading pairs include SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY.
Closing Thoughts
Solv Protocol is a transformative platform that brings Bitcoin into the world of decentralized finance. By offering solutions like SolvBTC, Liquid Staking Tokens, and the Staking Abstraction Layer, the protocol enables Bitcoin holders to unlock new earning opportunities while contributing to the growth of blockchain ecosystems.
Further Reading
What Is Binance Megadrop and How to Use It?Â
What Is a Crypto Wallet and How to Choose the Right One?
What Is Simon's Cat (CAT)?
Disclaimer: This content is presented to you on an âas isâ basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Everyday glossaryđ»day 8
Daemon - a process operating in the background waiting for a specific event or condition in order to be activated.
Decentralized Application (DApp) - DApps are applications that run on a P2P network of computers rather than a central database. Users can freely connect to DApps using crypto wallets.
#LearnTogether #learn2earn
Daemon - a process operating in the background waiting for a specific event or condition in order to be activated.
Decentralized Application (DApp) - DApps are applications that run on a P2P network of computers rather than a central database. Users can freely connect to DApps using crypto wallets.
#LearnTogether #learn2earn
See original
Explaining Bitcoin Mining Difficulty
Key points
The difficulty adjustment every 2,016 blocks helps maintain a consistent 10-minute block time, preventing rapid inflation and network overload.
In October 2024, Bitcoin mining difficulty reached a record high of 95.7 trillion, increasing energy consumption and putting pressure on miners' profits unless they adapt to more efficient equipment or lower energy costs.
The difficulty adjustment every 2,016 blocks helps maintain a consistent 10-minute block time, preventing rapid inflation and network overload.
In October 2024, Bitcoin mining difficulty reached a record high of 95.7 trillion, increasing energy consumption and putting pressure on miners' profits unless they adapt to more efficient equipment or lower energy costs.
Everyday glossaryđ»day 7
Crypto Protocol - a crypto protocol is a set of rules and procedures that govern behavior in a decentralized network.
Cryptography - The science of using mathematical theories and computation in order to encrypt and decrypt information.
#LearnTogether #learn2earn
Crypto Protocol - a crypto protocol is a set of rules and procedures that govern behavior in a decentralized network.
Cryptography - The science of using mathematical theories and computation in order to encrypt and decrypt information.
#LearnTogether #learn2earn
See original
How Bitcoin's growth impacts altcoins and DeFi
Key points
Bitcoin dominance reflects Bitcoin's market share in the total cryptocurrency market capitalization. It increases in bear markets when investors seek safety in Bitcoin and decreases in bull markets as speculation in altcoins rises.
Bitcoin's price is sensitive to macroeconomic factors such as interest rates and quantitative tightening. In times of high interest rates and reduced liquidity, Bitcoin behaves as a 'risk' asset, with price declines typically dragging altcoins down as well.
Bitcoin dominance reflects Bitcoin's market share in the total cryptocurrency market capitalization. It increases in bear markets when investors seek safety in Bitcoin and decreases in bull markets as speculation in altcoins rises.
Bitcoin's price is sensitive to macroeconomic factors such as interest rates and quantitative tightening. In times of high interest rates and reduced liquidity, Bitcoin behaves as a 'risk' asset, with price declines typically dragging altcoins down as well.
Everyday glossaryđ»day 6
Cloud - in computer science, a shared pool of resources, which are made available to multiple users through the Internet.
Coin - a cryptocurrency or digital cash that is independent of any other platform, which is used as an exchange of value.
#LearnTogether #learn2earn
Cloud - in computer science, a shared pool of resources, which are made available to multiple users through the Internet.
Coin - a cryptocurrency or digital cash that is independent of any other platform, which is used as an exchange of value.
#LearnTogether #learn2earn
The month has turned, it's time to do your daily check-in so you can receive your reward. Don't forget! The step-by-step is in the photos, if you need help, leave a comment. Good profits!
$BTC
$BNB
#BinanceAlphaAlert PEPE CryptoPrediction Write2Earn BTC2030
#Binance250Million
#LearnTogether
#CryptoReboundStrategy
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$SHIB đšShiba Inu to $0.00003: 45 Trillion SHIB Hurdle Needs to Be Taken Outđš
Dog-themed cryptocurrency Shiba Inu (SHIB) is eyeing the $0.00003 milestone as its price rallies to begin the year 2025. However, to achieve this target, the token must overcome a critical resistance level: a 45 trillion SHIB hurdle.
At the time of writing, Shiba Inu is trading up 5.25% in the last 24 hours to $0.0000240 and up 13% weekly, showing a steady rise since the start of the year. The rally has been driven by renewed investor interest and the broader bullish sentiment in the crypto market.
Shiba Inu began to increase on the last day of 2024, from lows of $0.0000218, and will mark its fifth day of gains since this date if today closes in green. The rally reached highs of $0.00002492 in Saturday's session and now targets the $0.00003 level upon a sustained break of the daily SMA 50 at $0.0000255.
Shiba Inu's recent performance has already sparked optimism, with traders eyeing the key $0.00003 level as the next major milestone.
#LearnTogether
#CryptoReboundStrategy
#Write2Earn!
#Follow4more
Dog-themed cryptocurrency Shiba Inu (SHIB) is eyeing the $0.00003 milestone as its price rallies to begin the year 2025. However, to achieve this target, the token must overcome a critical resistance level: a 45 trillion SHIB hurdle.
At the time of writing, Shiba Inu is trading up 5.25% in the last 24 hours to $0.0000240 and up 13% weekly, showing a steady rise since the start of the year. The rally has been driven by renewed investor interest and the broader bullish sentiment in the crypto market.
Shiba Inu began to increase on the last day of 2024, from lows of $0.0000218, and will mark its fifth day of gains since this date if today closes in green. The rally reached highs of $0.00002492 in Saturday's session and now targets the $0.00003 level upon a sustained break of the daily SMA 50 at $0.0000255.
Shiba Inu's recent performance has already sparked optimism, with traders eyeing the key $0.00003 level as the next major milestone.
#LearnTogether
#CryptoReboundStrategy
#Write2Earn!
#Follow4more
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Candlestick Patterns
Candlestick patterns are the language of price action, helping traders anticipate market trends. Whether you're new to trading or a seasoned pro, understanding these patterns can give you an edge. Hereâs a quick rundown:
Reversal Patterns
Bullish Engulfing: Signals a potential uptrend; a larger green candle engulfs a smaller red one.Bearish Engulfing: Indicates a possible downtrend; a larger red candle overtakes a smaller green one.Hammer: A small body with a long lower wick, often found at the bottom of a downtrend.Shooting Star: A small body with a long upper wick, signaling a reversal after an uptrend.
Continuation Patterns
Doji: Neutral indecision; can lead to trend continuation or reversal.Rising Three Methods: Three small bearish candles sandwiched between two larger bullish candles.Falling Three Methods: Three small bullish candles between two larger bearish ones.
Indecision Patterns
Spinning Top: Small body with long wicks, signaling market indecision.Dragonfly Doji: Bullish indecision; looks like a "T".Gravestone Doji: Bearish indecision; looks like an inverted "T".
Candlestick patterns are most powerful when combined with other indicators like volume and trendlines.
Which pattern do you rely on the most? Or are you ready to add a new one to your trading toolkit?
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Reversal Patterns
Bullish Engulfing: Signals a potential uptrend; a larger green candle engulfs a smaller red one.Bearish Engulfing: Indicates a possible downtrend; a larger red candle overtakes a smaller green one.Hammer: A small body with a long lower wick, often found at the bottom of a downtrend.Shooting Star: A small body with a long upper wick, signaling a reversal after an uptrend.
Continuation Patterns
Doji: Neutral indecision; can lead to trend continuation or reversal.Rising Three Methods: Three small bearish candles sandwiched between two larger bullish candles.Falling Three Methods: Three small bullish candles between two larger bearish ones.
Indecision Patterns
Spinning Top: Small body with long wicks, signaling market indecision.Dragonfly Doji: Bullish indecision; looks like a "T".Gravestone Doji: Bearish indecision; looks like an inverted "T".
Candlestick patterns are most powerful when combined with other indicators like volume and trendlines.
Which pattern do you rely on the most? Or are you ready to add a new one to your trading toolkit?
#candlestick_patterns #LearnTogether #candlestick