LIVElman90
@lman91
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The sudden rise in the price of Bitcoin #BTC and then the rapid decline after that is due to several reasons. Among these reasons:
1. Increased demand due to investment funds: Bitcoin spot ETFs have greatly boosted demand. With a demand for 2800 Bitcoins per day versus the production of only 900 Bitcoins, there was a shortage in supply which caused the price to rise suddenly.
2. Market movements and speculation: After the price rises, some investors quickly take profits, which leads to selling pressure and causes the price to drop quickly. This type of behavior is common in the cryptocurrency market, as the market is highly volatile and rapid price movements are common.
3. Technical and historical factors: The market often sees rapid rises in some periods such as October, followed by corrections as the market rebalances after rapid rises.
These reasons together lead to rapid rises followed by similar declines.
1. Increased demand due to investment funds: Bitcoin spot ETFs have greatly boosted demand. With a demand for 2800 Bitcoins per day versus the production of only 900 Bitcoins, there was a shortage in supply which caused the price to rise suddenly.
2. Market movements and speculation: After the price rises, some investors quickly take profits, which leads to selling pressure and causes the price to drop quickly. This type of behavior is common in the cryptocurrency market, as the market is highly volatile and rapid price movements are common.
3. Technical and historical factors: The market often sees rapid rises in some periods such as October, followed by corrections as the market rebalances after rapid rises.
These reasons together lead to rapid rises followed by similar declines.
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Technical Analysis of: $NEIRO / USDT
The $NEIRO / USDT pair is witnessing a significant rise today, as it is currently trading at $0.00184633, recording a significant increase of 56.17%. This rise places NEIRO as one of the most prominent gainers in the meme coin category, after recording a session high of $0.00185000, compared to a daily low of $0.00117689. The large trading volume, which reached 419.73 billion NEIRO units, indicates strong investor interest and increased buying enthusiasm.
It is important for investors to keep an eye on potential resistance at session highs, and consider locking in profits or placing stop-loss orders to hedge their risks, especially in this volatile meme coin sector.
The $NEIRO / USDT pair is witnessing a significant rise today, as it is currently trading at $0.00184633, recording a significant increase of 56.17%. This rise places NEIRO as one of the most prominent gainers in the meme coin category, after recording a session high of $0.00185000, compared to a daily low of $0.00117689. The large trading volume, which reached 419.73 billion NEIRO units, indicates strong investor interest and increased buying enthusiasm.
It is important for investors to keep an eye on potential resistance at session highs, and consider locking in profits or placing stop-loss orders to hedge their risks, especially in this volatile meme coin sector.
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What about NEIRO coin?
Neiro coin is experiencing strong volatility on Binance. Currently, the NEIRO/USDT pair is trading at around $0.00108, recording a decrease of more than 11% in the last 24 hours. The price is currently at a crucial support level near $0.00106, and if this level can hold, it could provide a buying opportunity before bouncing towards the next resistance levels at $0.00111 and $0.00127.
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Bitcoin is undergoing a correction, what to expect next?
Bitcoin is undergoing a correction, what to expect next?
Last week we saw Bitcoin reach $66,500 and now, as usual, it is correcting. Markets don’t go up in a sustained manner without a temporary pullback. With this correction, the question arises about where the leading cryptocurrency will go next.
Bitcoin Technical Movement Analysis
Last week we saw Bitcoin reach $66,500 and now, as usual, it is correcting. Markets don’t go up in a sustained manner without a temporary pullback. With this correction, the question arises about where the leading cryptocurrency will go next.
Bitcoin Technical Movement Analysis
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What about these coins that are worth less than $1?
There are a number of altcoins (SHIB, ADA, DOGE, MATIC, XRP, MTAUR) that are priced below $1 and are considered popular and interesting investments. Here is a summary of some of them:
1. Shiba Inu (SHIB):
Price: Much less than one dollar.
Features: SHIB is one of the cryptocurrencies inspired by Dogecoin and has been rapidly growing in popularity. Known as a “Dogecoin killer” and focused on community and decentralization, it has also launched projects like ShibaSwap for decentralized finance (DeFi).
1. Shiba Inu (SHIB):
Price: Much less than one dollar.
Features: SHIB is one of the cryptocurrencies inspired by Dogecoin and has been rapidly growing in popularity. Known as a “Dogecoin killer” and focused on community and decentralization, it has also launched projects like ShibaSwap for decentralized finance (DeFi).
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Question: Is it possible to create a new digital currency?
Yes, you can create a new digital currency, but there are several steps and challenges related to the technical, legal, and financial aspects that must be taken into account. Here are the general steps to create a digital currency:
1. Choosing blockchain technology:
The digital currency is based on Blockchain technology. You can either:
Building your own blockchain from scratch requires a deep knowledge of programming and blockchain architecture.
1. Choosing blockchain technology:
The digital currency is based on Blockchain technology. You can either:
Building your own blockchain from scratch requires a deep knowledge of programming and blockchain architecture.
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A South Korean lawmaker has proposed an amendment to the Crypto Asset User Protection Act to ensure that investors’ funds are protected in the event of exchanges going bankrupt. The amendment would prohibit cryptocurrencies from being used to settle debts or forfeit them, ensuring that they are returned to investors first.
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Can Pepe reach $1?
Rising Prices? $1.1 Billion Buys the Dip
Can Pepe reach $1?
$PEPE Pepe price rose 4% in the last hour to $0.00000865 while the crypto market fell 4% in the previous day.
PEPE is up 12% in a week and down 7% in a month, but it is up 1,100% in the previous year.
Can Pepe reach $1?
$PEPE Pepe price rose 4% in the last hour to $0.00000865 while the crypto market fell 4% in the previous day.
PEPE is up 12% in a week and down 7% in a month, but it is up 1,100% in the previous year.
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😱🔥 Top 3 Best Performing Meme Coins This Week 🚀🚀
*😱🔥 Top 3 Best Performing Meme Coins This Week 🚀🚀**
**Shiba Inu (#SHIB) - Are you ready to jump in?**
Shiba Inu remains one of the most prominent coins in the cryptocurrency market. Recent developments show increased activity on the Shibarium network, the layer-2 blockchain, which is leading to higher transaction fees. This increase could indicate increased demand, and many expect the Shiba Inu price to reflect this soon. According to TokenPost, increased user activity could push the Shiba Inu price higher.
**Shiba Inu (#SHIB) - Are you ready to jump in?**
Shiba Inu remains one of the most prominent coins in the cryptocurrency market. Recent developments show increased activity on the Shibarium network, the layer-2 blockchain, which is leading to higher transaction fees. This increase could indicate increased demand, and many expect the Shiba Inu price to reflect this soon. According to TokenPost, increased user activity could push the Shiba Inu price higher.
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Pepe Coin (PEPE) is a cryptocurrency inspired by the popular internet meme “Pepe the Frog” created by Matt Furey. The coin was launched with the aim of capitalizing on the popularity of meme coins like Dogecoin and Shiba Inu, and seeks to establish itself as one of the most prominent meme-based cryptocurrency projects¹².
### Features of Pepe Coin:
1. **Tax-Free Policy**: PEPE does not charge any fees on transactions, making it attractive to a wider audience.
2. **Redistribution System**: This system rewards long-term stakers, encouraging users to hold the coin for longer periods.
3. **Burning Mechanism**: This mechanism aims to maintain the coin’s scarcity by permanently removing a portion of the coins from circulation.
4. **Roadmap**: It includes three stages, starting with listing on CoinMarketCap and making the coin trend on Twitter, all the way to listing on centralized exchanges (CEXs) and “Tier 1” exchange listings¹.
### Market Performance:
- **Current Price**: ~$0.000008 USD³.
- **Market Cap**: ~$3.18 Billion USD³.
- **24 Hour Trading Volume**: ~$535 Million USD¹.
### Community and Promotion:
Although the founders of PEPE are anonymous, they have managed to gain attention by using social media platforms like Twitter to promote their meme coin and create a meme coin community.
#pepecoin🐸
$PEPE
### Features of Pepe Coin:
1. **Tax-Free Policy**: PEPE does not charge any fees on transactions, making it attractive to a wider audience.
2. **Redistribution System**: This system rewards long-term stakers, encouraging users to hold the coin for longer periods.
3. **Burning Mechanism**: This mechanism aims to maintain the coin’s scarcity by permanently removing a portion of the coins from circulation.
4. **Roadmap**: It includes three stages, starting with listing on CoinMarketCap and making the coin trend on Twitter, all the way to listing on centralized exchanges (CEXs) and “Tier 1” exchange listings¹.
### Market Performance:
- **Current Price**: ~$0.000008 USD³.
- **Market Cap**: ~$3.18 Billion USD³.
- **24 Hour Trading Volume**: ~$535 Million USD¹.
### Community and Promotion:
Although the founders of PEPE are anonymous, they have managed to gain attention by using social media platforms like Twitter to promote their meme coin and create a meme coin community.
#pepecoin🐸
$PEPE
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Ethereum and Bitcoin ETFs See Mixed Inflows in August
According to Odaily, the latest data from Lookonchain on August 23 reveals significant movements in Ethereum and Bitcoin ETFs in the United States. The report highlights that nine Ethereum ETFs saw a net outflow of 4,972 ETH, equivalent to around $13.23 million. Notably, Grayscale’s ETHE saw an outflow of 11,885 ETH, worth around $31.61 million. Grayscale currently holds 1,830,266 ETH, worth around $4.87 billion.
In contrast, ten Bitcoin ETFs recorded a net inflow of 992 BTC, amounting to around $60.84 million. Among these, iShares stood out with an inflow of 1,252 BTC, worth around $76.80 million. iShares now holds a total of 352,843 BTC, with an estimated value of $21.65 billion.
#Bitcoin
#ETF
#Ether
Responsibilities: Includes external reviews. No financial excuse. Contains sponsored content. See terms and conditions.
#Binance
#BTC
#etherreum
$ETH $BTC $PEPE
According to Odaily, the latest data from Lookonchain on August 23 reveals significant movements in Ethereum and Bitcoin ETFs in the United States. The report highlights that nine Ethereum ETFs saw a net outflow of 4,972 ETH, equivalent to around $13.23 million. Notably, Grayscale’s ETHE saw an outflow of 11,885 ETH, worth around $31.61 million. Grayscale currently holds 1,830,266 ETH, worth around $4.87 billion.
In contrast, ten Bitcoin ETFs recorded a net inflow of 992 BTC, amounting to around $60.84 million. Among these, iShares stood out with an inflow of 1,252 BTC, worth around $76.80 million. iShares now holds a total of 352,843 BTC, with an estimated value of $21.65 billion.
#Bitcoin
#ETF
#Ether
Responsibilities: Includes external reviews. No financial excuse. Contains sponsored content. See terms and conditions.
#Binance
#BTC
#etherreum
$ETH $BTC $PEPE
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61% Upside Awaits Pepe Coin
$$PEPE
61% Upside Awaits Pepe Coin, Is a Bullish Breakout on the Horizon?
With the Pepe Coin (PEPE) price holding steady below the $0.0000080 level, analysts are anticipating an imminent bullish breakout, with some even predicting that the price could retest the July highs of $0.000013, which would represent a 61% upside move.
But so far, PEPE price has been stuck in an extended downtrend since hitting its highs in May, recently settling below the 200-day moving average (DMA-200) at $0.0000085, which is currently acting as a major resistance level; But that doesn’t mean the bears have won, as Federal Reserve Chairman Jerome Powell is expected to give the green light for a series of rate cuts today.
$PEPE
$$PEPE
61% Upside Awaits Pepe Coin, Is a Bullish Breakout on the Horizon?
With the Pepe Coin (PEPE) price holding steady below the $0.0000080 level, analysts are anticipating an imminent bullish breakout, with some even predicting that the price could retest the July highs of $0.000013, which would represent a 61% upside move.
But so far, PEPE price has been stuck in an extended downtrend since hitting its highs in May, recently settling below the 200-day moving average (DMA-200) at $0.0000085, which is currently acting as a major resistance level; But that doesn’t mean the bears have won, as Federal Reserve Chairman Jerome Powell is expected to give the green light for a series of rate cuts today.
$PEPE