WHY ARE BITCOIN AND OTHER CRYPTOCURRENCIES CRASHING?

As for why Bitcoin and other major cryptocurrencies are dropping this morning, that’s a little harder to pinpoint for certain. However, one possible reason may be down to profit-taking. Some investors may have been alarmed by the losses in the traditional markets last week, so they are extracting their gains from their crypto investments now to help offset those losses.

Another possibility, as CNBC notes, is that if we are headed for a worsening economy and a possible recession, investors may want to get out of riskier assets before the worst of the troubles hit. The price of cryptocurrencies is historically much more volatile than stocks. And volatility equals risk, which is something investors have a reduced appetite for when the economy weakens.

Of course, for Bitcoin, it isn’t all bad news. While the 15% drop in the cryptocurrency over the past 24 hours won’t make investors happy, the world’s leading crypto is still up over 23% year-to-date.

The same optimistic assertion can’t be said for Ethereum, however. That coin’s 22% drop in the past 24 hours has wiped out all the gains it had made this year so far.
$BTC
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #Babylon_Mainnet_Launch #BinanceTurns7

Pepe Coin, a meme coin launched in April 2023, rose to fame for its rapid rise in popularity and market capitalization. Built on the Ethereum blockchain, Pepe Coin capitalized on the popularity of other meme coins like Dogecoin and Shiba Inu. Here's a quick rundown of Pepe Coin: * Meteoric Rise: Launched at a price of around $0.000000001, Pepe Coin reached a peak of $0.000004354 within a month, boasting a market cap of $1.87 billion. * Community Driven: The coin's founders remained anonymous, and the project relied heavily on its online community to fuel its popularity. * Volatility and Controversy: The transfer of a large number of tokens from the project's wallet to exchanges in August 2023 sparked community concerns and caused the price to drop. * Current Status: As of July 24, 2024, Pepe Coin trades at around $0.000008176, with a significantly lower market cap compared to its peak.Remember, Pepe Coin is a meme coin with no inherent value, and its future is uncertain.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #HamsterKombat #BinanceTurns7 $PEPE

King Doge (KINGDOGE) is a new memecoin that was launched on the Solana blockchain earlier this week, and it has huge potential.

New Solana memecoin King Doge is poised to skyrocket over 16,000% in the coming days, before it begins trading on centralized exchanges.

The memecoin currently has a market cap of around $20,000, and it can only be purchased via decentralized exchanges, such as Raydium and Jup.ag.

However, once it gets listed on centralized exchanges later this month, its market cap and price will skyrocket, because millions of new crypto traders will be able to easily buy it.

This means that smart crypto investors who purchase King Doge before its first CEX listing will make huge returns.

All of King Doge’s liquidity is burned, meaning the developers cannot take out the liquidity that they have allocated (unlike 99% of new Solana memecoins.) This a major advantage for early investors and it significantly increases its potential of generating huge gains in the coming days and weeks.

To buy KINGDOGE on Raydium or Jup.ag, users need to connect their Solflare, MetaMask or Phantom wallet, and then exchange Solana for King Doge .

If you don’t have a wallet already, you can easily create a new one and transfer some Solana to it from any centralized exchange of your choice, before swapping the Solana for KINGDOGE tokens.

#kingdoge #write2earn #writetoearn

Cryptocurrency dethrones BTC payments in Europe's biggest Bitcoin store

In a surprising event, Monero (XMR) dethroned Bitcoin (BTC) as the most used cryptocurrency in Europe’s biggest Bitcoin store. According to ShopinBit‘s monthly report, three in every four users paid with XMR in June.

Notably, the e-commerce shared this data in an X post on July 12, highlighting 74.54% of all payments made with Monero and 23.64% with Bitcoin. 1.73% of the payments used Bitcoin’s Lightning Network, while 0.08% used fiat currencies.

In this context, ShopinBit launched a challenge and will focus more on XMR if this trend continues.

Interestingly, the leading privacy-by-default cryptocurrency often trades with a premium in decentralized exchanges, creating arbitrage opportunities. Investors, traders, and users now follow further developments and economic data, looking to where this payment trend will lead Monero next.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
$BTC $XMR
#POST2EARN

7 Best crypto must buy till next BULLRUN 2024
(according to the crypto experts)

our experts have carefully analysed the market, financial data, and related factors to specify the best crypto yielding higher ROI. there is list of crypto which may accelerate your returns..

1. 5thscape (5SCAPE)
2. Darklume (DLUME)
3. Bitcoin (BTC)
4. Ethereum (ETH)
5. Chainlink (LINK)
6. Tron (TRX)
7. Doge coin

( investments will be on your own risk)

#5SCAPE #DLUME #BTC☀ #ETH🔥🔥🔥🔥 #LINKS

Lista price prediction

The live price of Lista DAO is $0.6386 per (LISTA / USD) today with a current market cap of $146.88M USD. The 24-hour trading volume is $236.51M USD. LISTA to USD price is updated in real time. Lista DAO is -10.31% in the last 24 hours. It has a circulating supply of 230,000,000 .

What will the price of LISTA be in 2025?

Based on LISTA's historical price performance prediction model, the price of LISTA is projected to reach -- in 2025.

$LISTA $BNB $BTC TC
#BinanceTournament! #Megadrop #CryptoTradingGuide #airdrop #ListaMegadrop #lista

The price is currently touching the lower trendline of the bull flag. This seems like a perfect area for a bounce and a potential breakout.

#bitcoin     #CryptoNews #crypto #btc    #crypto
#bullrun

Doge coin and its price

According to the latest data gathered, the current price of Dogecoin is $$0.17, and DOGE is presently ranked No. 8 in the entire crypto ecosystem. The circulation supply of Dogecoin is $24,351,099,552.29, with a market cap of 144,390,616,384 DOGE.

In the past 24 hours, the crypto has increased by $0.01 in its current value.

For the last 7 days, DOGE has been in a good upward trend, thus increasing by 15.6%. Dogecoin has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

During the last month, the price of DOGE has increased by 3.96%, adding a colossal average amount of $0.01 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.

Dogecoin Price Prediction 2024

According to the technical analysis of Dogecoin prices expected in 2024, the minimum cost of Dogecoin will be $0.104. The maximum level that the DOGE price can reach is $0.131. The average trading price is expected around $0.158

#dogecoin #crypto #bitcoin

$DOGE

Bitcoin miners are treading water, but no alarms of a 'total firesale'

Bitcoin miners are not “full-scale bear market level capitulating,” according to a crypto analyst.