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SEC Says Crypto Mining Devices Are SecuritiesThe SEC has decided that crypto mining devices sold by Green United LLC are securities.  Green United couldn’t convince a federal court to dismiss the civil fraud case brought by the SEC, which accused the company of misleading investors. The lawsuit claims that the company’s mining hardware, known as “Green Boxes,” was part of a securities deal. The alleged fraud The devices were sold along with hosting agreements, where the company would operate the Green Boxes for investors, promising them huge returns. The U.S. District Court for the District of Utah, led by Judge Ann Marie McIff Allen, agreed with the SEC. Allen explained that the SEC had successfully argued that these Green Boxes, combined with the hosting agreements, constituted securities under law.  The SEC accuses Green United of scamming its investors. According to them, Green United didn’t actually mine any digital tokens with its equipment, despite promises made to investors. The company collected $18 million from people hoping to profit from mining cryptocurrencies. Instead of delivering on those promises, it purchased unmined tokens and deposited them into investors’ accounts. This was allegedly done to fake a successful mining operation. The currency being mined, called “GREEN,” had no actual value, according to the SEC.  It wasn’t being traded in any secondary market, which made it worthless. This kind of scam has become familiar in recent SEC enforcement actions, where fraudulent activity is disguised under the banner of crypto. Green United rebuts SEC’s claims, says no investor lost money In response to the SEC’s claims, Green United pushed back, saying that no investors lost money and that the SEC’s accusations were baseless. The company argued that the SEC was trying to rewrite the law by classifying hosted mining as a security, something they say is a common practice even among public companies. The SEC’s lawsuit is based on the Howey test, a legal standard that determines whether something is a security. This test comes from a 1946 Supreme Court ruling in SEC v. W.J. Howey Co.  The question is whether an investor is putting money into a “common enterprise” with the expectation of making profits through the efforts of someone else.  The SEC claims that Green United’s setup fits this definition perfectly.

SEC Says Crypto Mining Devices Are Securities

The SEC has decided that crypto mining devices sold by Green United LLC are securities. 

Green United couldn’t convince a federal court to dismiss the civil fraud case brought by the SEC, which accused the company of misleading investors.

The lawsuit claims that the company’s mining hardware, known as “Green Boxes,” was part of a securities deal.

The alleged fraud

The devices were sold along with hosting agreements, where the company would operate the Green Boxes for investors, promising them huge returns.

The U.S. District Court for the District of Utah, led by Judge Ann Marie McIff Allen, agreed with the SEC.

Allen explained that the SEC had successfully argued that these Green Boxes, combined with the hosting agreements, constituted securities under law. 

The SEC accuses Green United of scamming its investors. According to them, Green United didn’t actually mine any digital tokens with its equipment, despite promises made to investors.

The company collected $18 million from people hoping to profit from mining cryptocurrencies. Instead of delivering on those promises, it purchased unmined tokens and deposited them into investors’ accounts.

This was allegedly done to fake a successful mining operation. The currency being mined, called “GREEN,” had no actual value, according to the SEC. 

It wasn’t being traded in any secondary market, which made it worthless. This kind of scam has become familiar in recent SEC enforcement actions, where fraudulent activity is disguised under the banner of crypto.

Green United rebuts SEC’s claims, says no investor lost money

In response to the SEC’s claims, Green United pushed back, saying that no investors lost money and that the SEC’s accusations were baseless.

The company argued that the SEC was trying to rewrite the law by classifying hosted mining as a security, something they say is a common practice even among public companies.

The SEC’s lawsuit is based on the Howey test, a legal standard that determines whether something is a security. This test comes from a 1946 Supreme Court ruling in SEC v. W.J. Howey Co. 

The question is whether an investor is putting money into a “common enterprise” with the expectation of making profits through the efforts of someone else. 

The SEC claims that Green United’s setup fits this definition perfectly.
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Now You can Calculate you HMSTER IN $ and Tell meImagine, if you will, a digital coin priced at a modest $0.015. It's one of many in the ever-expanding universe of cryptocurrency, often overlooked amidst more prominent names. However, what if this seemingly inconspicuous digital token were to skyrocket by 100 times its current value? Today, let's embark on a speculative journey with a hypothetical coin which we'll call the "FutureCoin." Currently valued at just 1.5 cents, FutureCoin isn't something that grabs headlines. Yet, this digital sleeper could potentially awaken a financial revolution. Let's break down the numbers: at $0.015, FutureCoin is within reach for any investor, from those dipping their toes into crypto waters to seasoned traders looking to diversify their portfolios. But here's where it gets interesting—if FutureCoin were to surge by 100x, its price would catapult to $1.50. For someone holding 1,851 coins, like in our initial scenario, their modest investment would bloom to an astounding $2,776.5. Why might such a surge occur? There are numerous catalysts in the crypto world that could lead to such exponential growth. These include technological advancements, strategic partnerships, or significant shifts in regulatory landscapes. More so, a surge in investor confidence or wider acceptance of cryptocurrencies as payment methods could send its value soaring. However, this scenario is not just about impressive numbers. It poses fundamental questions about the nature of investment and speculation in digital currencies. What drives the value of a digital token? Is it the technology behind it, the community that supports it, or the potential applications it has in the real world? Investing in cryptocurrencies, especially lesser-known ones, carries inherent risks. The volatility of digital currencies is legendary, with prices capable of plunging just as swiftly as they soar. Potential investors should tread with caution, arming themselves with research and a strong understanding of market trends. So, whether you're a veteran investor or a curious onlooker, the tale of FutureCoin offers valuable lessons. It's a reminder of the unpredictable beauty of the cryptocurrency market, where today's underdog can become tomorrow's champion. And who knows? Maybe, just maybe, the next digital coin you scroll past could be the next big thing. #BinanceLaunchpoolHMSTR #CATIonBinance #NeiroOnBinance #TerraformLabsBankruptcy

Now You can Calculate you HMSTER IN $ and Tell me

Imagine, if you will, a digital coin priced at a modest $0.015. It's one of many in the ever-expanding universe of cryptocurrency, often overlooked amidst more prominent names. However, what if this seemingly inconspicuous digital token were to skyrocket by 100 times its current value?
Today, let's embark on a speculative journey with a hypothetical coin which we'll call the "FutureCoin." Currently valued at just 1.5 cents, FutureCoin isn't something that grabs headlines. Yet, this digital sleeper could potentially awaken a financial revolution.
Let's break down the numbers: at $0.015, FutureCoin is within reach for any investor, from those dipping their toes into crypto waters to seasoned traders looking to diversify their portfolios. But here's where it gets interesting—if FutureCoin were to surge by 100x, its price would catapult to $1.50. For someone holding 1,851 coins, like in our initial scenario, their modest investment would bloom to an astounding $2,776.5.
Why might such a surge occur? There are numerous catalysts in the crypto world that could lead to such exponential growth. These include technological advancements, strategic partnerships, or significant shifts in regulatory landscapes. More so, a surge in investor confidence or wider acceptance of cryptocurrencies as payment methods could send its value soaring.
However, this scenario is not just about impressive numbers. It poses fundamental questions about the nature of investment and speculation in digital currencies. What drives the value of a digital token? Is it the technology behind it, the community that supports it, or the potential applications it has in the real world?
Investing in cryptocurrencies, especially lesser-known ones, carries inherent risks. The volatility of digital currencies is legendary, with prices capable of plunging just as swiftly as they soar. Potential investors should tread with caution, arming themselves with research and a strong understanding of market trends.
So, whether you're a veteran investor or a curious onlooker, the tale of FutureCoin offers valuable lessons. It's a reminder of the unpredictable beauty of the cryptocurrency market, where today's underdog can become tomorrow's champion. And who knows? Maybe, just maybe, the next digital coin you scroll past could be the next big thing.
#BinanceLaunchpoolHMSTR #CATIonBinance #NeiroOnBinance #TerraformLabsBankruptcy
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Chainlink (LINK) Price Set for Explosive Breakout As Whale Activity SoarsNAIROBI (CoinChapter.com) — Chainlink began trading in 2024 on a positive trajectory and has since failed to hold on to the bullish run after peaking at a yearly high of $18.12 in March. Following a massive pullback, LINK started rising on Aug 5 and even managed to make a higher low in Sept. Such a pattern may indicate a possible breakout from the long-term corrective channel meaning the token seeks to resume an upward move. LINK/USD price chart. CoinMarketCap As of now, LINK trades at $12.44, reflecting an increase of 8.24% in the past day and 19.71% over the last week. Chainlink highlights onchain finance’s transformative potential. Source: X On Sept. 24, Chainlink announced a partnership with ARK Invest and 21 Shares to integrate its Proof-of-Reserve (PoR) technology into their products. The partnership aims to enhance the transparency and security of exchange-traded products (ETPs). This would align with the broader trend of increased demand for Bitcoin and Ethereum spot ETFs. Whale Activity Surges Following Major Token Unlock Decentralized oracle network Chainlink (LINK) has seen a surge in whale activity over the last 48 hours. According to IntoTheBlock data, Chainlink is reporting a 293% increase in large transaction volume. This amounted to $82 million over the last 24 hours, or 7.28 million LINK in crypto terms. This spike in whale activity followed Chainlink’s recent token unlock. The platform unlocked and transferred 18.75 million LINK from five noncirculating supply wallets. 18.125 million LINK, worth approximately $207 million, was sent to Binance. Since 2022, Chainlink has moved over $1.29 billion worth of LINK tokens to Binance on a quarterly basis. Chainlink (LINK) Open interest (OI) chart. Source: CoinGlass On the derivatives side, Chainlink’s trading volume has increased by 45.60%, bringing it to $398.52 million. Additionally, open interest in LINK derivatives rose by 14.42% to $186.42 million. Chainlink Eyes Breakout: Analyst Predicts Bullish Shift at $12.70 The weekly time frame shows that the LINK price started a five-wave increase in June, culminating with March’s yearly high of $22.87. After a period of sideways trading, LINK is approaching resistance at $12.35, identified by the Fibonacci retracement from $18.12 to $10.08, indicating potential volatility. LINK/USD 1-day price chart. Source: TradingView Technical indicators reveal a mixed bag of signals. The Relative Strength Index (RSI), resting at 47.84, suggests LINK has breathing room before entering overbought or oversold territories, hinting at continued opportunity for price advancement. Meanwhile, the Money Flow Index (MFI) at 0.12 underscores a tepid buy pressure that could pivot should investor sentiment bolster. Chainlink (LINK)price chart. Source: Crypto Rand Meanwhile, Crypto Rand, a pseudonymous analyst, pointed out on X that Chainlink could trigger a bullish reversal across timeframes if it breaks above the $12.70 resistance. He pointed out that this level is key across multiple timeframes, and a confirmed close above it could trigger a bull reversal. If LINK holds above $12.70, it could pave the way for a rise toward the next resistance near $18, a level reached earlier this year. However, if it fails to stay above $12.70, the price may retreat to around $10. The post Chainlink (LINK) Price Set for Explosive Breakout as Whale Activity Soars appeared first on CoinChapter.

Chainlink (LINK) Price Set for Explosive Breakout As Whale Activity Soars

NAIROBI (CoinChapter.com) — Chainlink began trading in 2024 on a positive trajectory and has since failed to hold on to the bullish run after peaking at a yearly high of $18.12 in March. Following a massive pullback, LINK started rising on Aug 5 and even managed to make a higher low in Sept. Such a pattern may indicate a possible breakout from the long-term corrective channel meaning the token seeks to resume an upward move.

LINK/USD price chart. CoinMarketCap

As of now, LINK trades at $12.44, reflecting an increase of 8.24% in the past day and 19.71% over the last week.

Chainlink highlights onchain finance’s transformative potential. Source: X

On Sept. 24, Chainlink announced a partnership with ARK Invest and 21 Shares to integrate its Proof-of-Reserve (PoR) technology into their products. The partnership aims to enhance the transparency and security of exchange-traded products (ETPs). This would align with the broader trend of increased demand for Bitcoin and Ethereum spot ETFs.

Whale Activity Surges Following Major Token Unlock

Decentralized oracle network Chainlink (LINK) has seen a surge in whale activity over the last 48 hours. According to IntoTheBlock data, Chainlink is reporting a 293% increase in large transaction volume. This amounted to $82 million over the last 24 hours, or 7.28 million LINK in crypto terms.

This spike in whale activity followed Chainlink’s recent token unlock. The platform unlocked and transferred 18.75 million LINK from five noncirculating supply wallets. 18.125 million LINK, worth approximately $207 million, was sent to Binance.

Since 2022, Chainlink has moved over $1.29 billion worth of LINK tokens to Binance on a quarterly basis.

Chainlink (LINK) Open interest (OI) chart. Source: CoinGlass

On the derivatives side, Chainlink’s trading volume has increased by 45.60%, bringing it to $398.52 million. Additionally, open interest in LINK derivatives rose by 14.42% to $186.42 million.

Chainlink Eyes Breakout: Analyst Predicts Bullish Shift at $12.70

The weekly time frame shows that the LINK price started a five-wave increase in June, culminating with March’s yearly high of $22.87.

After a period of sideways trading, LINK is approaching resistance at $12.35, identified by the Fibonacci retracement from $18.12 to $10.08, indicating potential volatility.

LINK/USD 1-day price chart. Source: TradingView

Technical indicators reveal a mixed bag of signals. The Relative Strength Index (RSI), resting at 47.84, suggests LINK has breathing room before entering overbought or oversold territories, hinting at continued opportunity for price advancement. Meanwhile, the Money Flow Index (MFI) at 0.12 underscores a tepid buy pressure that could pivot should investor sentiment bolster.

Chainlink (LINK)price chart. Source: Crypto Rand

Meanwhile, Crypto Rand, a pseudonymous analyst, pointed out on X that Chainlink could trigger a bullish reversal across timeframes if it breaks above the $12.70 resistance. He pointed out that this level is key across multiple timeframes, and a confirmed close above it could trigger a bull reversal.

If LINK holds above $12.70, it could pave the way for a rise toward the next resistance near $18, a level reached earlier this year. However, if it fails to stay above $12.70, the price may retreat to around $10.

The post Chainlink (LINK) Price Set for Explosive Breakout as Whale Activity Soars appeared first on CoinChapter.
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Liquidity Injection by China and US to Boost Crypto MarketsPBoC’s liquidity injection and housing market boost could drive asset price growth.   U.S. yield curve widening reflects rising optimism for economic recovery and growth.   Justin Sun predicts China’s economic actions could positively impact the crypto market.  The People’s Bank of China (PBoC) and the US Federal Reserve are adding liquidity to the market, increasing hopes for asset price growth. Crypto markets are likely to benefit from this positive environment as digital economies expect more financial easing. Alongside the positive outlook, the PBoC has also taken strong measures to address its slowing economy, particularly in its housing and equity markets. On Monday, the PBoC rolled out policies to support the housing sector and increase liquidity in the asset market. As a result of these proactive measures, the Chinese A50 futures jumped by 8%, with mainland Chinese and Hong Kong indices marking significant gains. A key measure has been a 500 billion RMB swap facility, previously available only to national banks, which now lets non-bank financial institutions purchase Chinese shares. Read also: Justin Sun Thinks China Will Spark a Crypto Bull R
 The post Liquidity Injection by China and US to Boost Crypto Markets appeared first on Coin Edition.

Liquidity Injection by China and US to Boost Crypto Markets

PBoC’s liquidity injection and housing market boost could drive asset price growth.  

U.S. yield curve widening reflects rising optimism for economic recovery and growth.  

Justin Sun predicts China’s economic actions could positively impact the crypto market. 

The People’s Bank of China (PBoC) and the US Federal Reserve are adding liquidity to the market, increasing hopes for asset price growth. Crypto markets are likely to benefit from this positive environment as digital economies expect more financial easing.

Alongside the positive outlook, the PBoC has also taken strong measures to address its slowing economy, particularly in its housing and equity markets. On Monday, the PBoC rolled out policies to support the housing sector and increase liquidity in the asset market.

As a result of these proactive measures, the Chinese A50 futures jumped by 8%, with mainland Chinese and Hong Kong indices marking significant gains. A key measure has been a 500 billion RMB swap facility, previously available only to national banks, which now lets non-bank financial institutions purchase Chinese shares.

Read also: Justin Sun Thinks China Will Spark a Crypto Bull R


The post Liquidity Injection by China and US to Boost Crypto Markets appeared first on Coin Edition.
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🚹 Hamster Kombat (HMSTR) Token Price Prediction: Final Countdown!Get ready, HMSTR warriors—the token launch is about to shake up the market! With 63% of the total supply already in circulation and massive pre-market price movements from $0.001 to $0.14, the battle is on. But what's next? 🧐 Key Insights: - Tokenomics: 63% in circulation at TGE, 12% airdrop-locked—watch for potential selling pressure. - Market Comparisons: Similar projects hit FDVs of $800-$900M. If HMSTR reaches $1B, we could see $0.015! đŸ”„ - Launch Price Estimate: Likely to land around $0.008-$0.009, with a $500M-$600M market cap on day one. - Volatility Warning: Hype-driven speculation and Binance Launchpool excitement could drive wild price swings. Investor Checklist: - Monitor circulating supply dynamics and early trading patterns. - Stay cautious and set realistic expectations—stabilization between $0.01 and $0.05 seems likely. - Keep an eye on partnerships and the potential for a token burn! Potential Price Ranges: - Conservative: $0.008-$0.009 - Moderate: 0.01-$0.05 - Optimistic: $0.015 Will HMSTR hit the $1B mark? đŸč Only time will tell—*wiselstay informed and invest wisely! #BinanceLaunchpoolHMSTR #hmstrprediction #CATIonBinance #Write2Earn!

🚹 Hamster Kombat (HMSTR) Token Price Prediction: Final Countdown!

Get ready, HMSTR warriors—the token launch is about to shake up the market! With 63% of the total supply already in circulation and massive pre-market price movements from $0.001 to $0.14, the battle is on. But what's next? 🧐

Key Insights:
- Tokenomics: 63% in circulation at TGE, 12% airdrop-locked—watch for potential selling pressure.
- Market Comparisons: Similar projects hit FDVs of $800-$900M. If HMSTR reaches $1B, we could see $0.015! đŸ”„
- Launch Price Estimate: Likely to land around $0.008-$0.009, with a $500M-$600M market cap on day one.
- Volatility Warning: Hype-driven speculation and Binance Launchpool excitement could drive wild price swings.

Investor Checklist:
- Monitor circulating supply dynamics and early trading patterns.
- Stay cautious and set realistic expectations—stabilization between $0.01 and $0.05 seems likely.
- Keep an eye on partnerships and the potential for a token burn!

Potential Price Ranges:
- Conservative: $0.008-$0.009
- Moderate: 0.01-$0.05
- Optimistic: $0.015

Will HMSTR hit the $1B mark? đŸč Only time will tell—*wiselstay informed and invest wisely!

#BinanceLaunchpoolHMSTR
#hmstrprediction #CATIonBinance #Write2Earn!
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Hamster Kombat Prepares for Its Wallet Launch and Payments in HMSTRHamster Kombat might launch its wallet for users ahead of its planned HMSTR launch. Key Notes Hamster Kombat has sparked a new intrigue with a potential wallet service launch.The Telegram-based game is set to launch its HMSTR token this week.The Hamster Kombat team has implemented systems to avoid cheating in its planned token distribution. 🔾A recent post on its official #Telegram channel suggests that Hamster Kombat is preparing for its wallet launch and payment using its native token, HMSTR. On September 24, the Telegram-based Tap-to-Earn (T2E) game acknowledged that “Things are in motion”. If confirmed, this new wallet suggests #HamsterKombat is likely to evolve beyond its T2E status into an infrastructure service provider. This transition is ideal for sustainable ecosystem growth. Hamster Kombat Season 1 and HMSTR Tokenomics The crypto community and members of the TON ecosystem are highly expectant of the HMSTR airdrop scheduled for September 26. So far, #Hamster Kombat has done a great job providing updates to its players and the public. On September 22, the T2E game revealed the result of the snapshot it conducted on September 20. Out of the 300 million players it has amassed since March 26, 2024, when the game launched, only 131 million qualified for the long-awaited airdrop. This is equivalent to only about 43.7% of its entire player base. The team behind the game discovered that 2.3 million players were cheaters. Another 30.8 million who qualified have yet to choose the withdrawal method for their tokens. The total supply of $HMSTR is 100 billion, and 75% of this is allocated to the community. However, only 60% will be distributed after Season 1. From this 60% of users, 88.75% will be issued to them during the airdrop, while 11.25% will be vested and locked ten months after the listing. The other 15% for the community will be distributed in Season 2. It is worth noting that Season 1 already on September 20. Note: If you find this post helpful then don't forget to like post and follow #MU_Traders #BinanceLaunchpoolHMSTR

Hamster Kombat Prepares for Its Wallet Launch and Payments in HMSTR

Hamster Kombat might launch its wallet for users ahead of its planned HMSTR launch.
Key Notes
Hamster Kombat has sparked a new intrigue with a potential wallet service launch.The Telegram-based game is set to launch its HMSTR token this week.The Hamster Kombat team has implemented systems to avoid cheating in its planned token distribution.
🔾A recent post on its official #Telegram channel suggests that Hamster Kombat is preparing for its wallet launch and payment using its native token, HMSTR. On September 24, the Telegram-based Tap-to-Earn (T2E) game acknowledged that “Things are in motion”.
If confirmed, this new wallet suggests #HamsterKombat is likely to evolve beyond its T2E status into an infrastructure service provider. This transition is ideal for sustainable ecosystem growth.
Hamster Kombat Season 1 and HMSTR Tokenomics
The crypto community and members of the TON ecosystem are highly expectant of the HMSTR airdrop scheduled for September 26. So far, #Hamster Kombat has done a great job providing updates to its players and the public. On September 22, the T2E game revealed the result of the snapshot it conducted on September 20.
Out of the 300 million players it has amassed since March 26, 2024, when the game launched, only 131 million qualified for the long-awaited airdrop. This is equivalent to only about 43.7% of its entire player base. The team behind the game discovered that 2.3 million players were cheaters. Another 30.8 million who qualified have yet to choose the withdrawal method for their tokens.
The total supply of $HMSTR is 100 billion, and 75% of this is allocated to the community. However, only 60% will be distributed after Season 1. From this 60% of users, 88.75% will be issued to them during the airdrop, while 11.25% will be vested and locked ten months after the listing. The other 15% for the community will be distributed in Season 2.
It is worth noting that Season 1 already on September 20.

Note: If you find this post helpful then don't forget to like post and follow

#MU_Traders #BinanceLaunchpoolHMSTR
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Solana Price Set to Hit $165 Level Soon, Here’s WhyThe post Solana Price Set to Hit $165 Level Soon, Here’s Why appeared first on Coinpedia Fintech News Solana (SOL), the fifth-biggest cryptocurrency by market cap appears bullish and poised for a massive upside rally following its consolidation breakout. After consolidating in a tight range between $141 and $150 for the last five days, SOL has finally broken out of that zone and is now ready for the rally. Solana (SOL) Current Price Momentum  At press time, SOL is trading near $153.2 and has experienced a price surge of over 7.2% in the past 24 hours. During the same period, its trading volume increased by 25%, indicating growing participation from traders and investors amid the recent breakout. Solana Technical Analysis and Upcoming Levels CoinPedia’s technical analysis suggests that SOL is bullish, as it is trading above the 200 Exponential Moving Average (EMA) on a daily time frame. The 200 EMA is a technical indicator that crypto experts use to determine whether an asset is in an uptrend or downtrend. Source: Trading View Based on the historical price momentum, if SOL closes its daily candle above the $151.5 level, there is a strong possibility it could soar by 13% to reach the $165 level or even higher if sentiment remains unchanged. This bullish thesis will only hold if SOL closes its daily candle above the $151.5 level, otherwise, it may fail. SOL’s Bullish On-chain Metrics  Currently, this positive outlook is further supported by on-chain metrics including SOL’s future open interest and Long/Short ratio. According to Coinglass, SOL’s long/short ratio currently stands at 1.021, indicating strong bullish sentiment among traders. Source: Coinglass Additionally, its future open interest has jumped by 4.9% in the last 24 hours and has been steadily rising since September 10, 2024. Source: Coinglass Traders and investors often use the combination of rising open interest and long/short ratio above 1, while building long positions. Currently, 50.5% of top traders hold long positions, while 49.5% hold short positions.

Solana Price Set to Hit $165 Level Soon, Here’s Why

The post Solana Price Set to Hit $165 Level Soon, Here’s Why appeared first on Coinpedia Fintech News

Solana (SOL), the fifth-biggest cryptocurrency by market cap appears bullish and poised for a massive upside rally following its consolidation breakout. After consolidating in a tight range between $141 and $150 for the last five days, SOL has finally broken out of that zone and is now ready for the rally.

Solana (SOL) Current Price Momentum 

At press time, SOL is trading near $153.2 and has experienced a price surge of over 7.2% in the past 24 hours. During the same period, its trading volume increased by 25%, indicating growing participation from traders and investors amid the recent breakout.

Solana Technical Analysis and Upcoming Levels

CoinPedia’s technical analysis suggests that SOL is bullish, as it is trading above the 200 Exponential Moving Average (EMA) on a daily time frame. The 200 EMA is a technical indicator that crypto experts use to determine whether an asset is in an uptrend or downtrend.

Source: Trading View

Based on the historical price momentum, if SOL closes its daily candle above the $151.5 level, there is a strong possibility it could soar by 13% to reach the $165 level or even higher if sentiment remains unchanged.

This bullish thesis will only hold if SOL closes its daily candle above the $151.5 level, otherwise, it may fail.

SOL’s Bullish On-chain Metrics 

Currently, this positive outlook is further supported by on-chain metrics including SOL’s future open interest and Long/Short ratio. According to Coinglass, SOL’s long/short ratio currently stands at 1.021, indicating strong bullish sentiment among traders.

Source: Coinglass

Additionally, its future open interest has jumped by 4.9% in the last 24 hours and has been steadily rising since September 10, 2024.

Source: Coinglass

Traders and investors often use the combination of rising open interest and long/short ratio above 1, while building long positions. Currently, 50.5% of top traders hold long positions, while 49.5% hold short positions.
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Bitcoin Pushes Past $64K As Monetary Ease Expectations GrowChina overnight joined in what's now a near global monetary easing campaign by the major economies. Bitcoin took aim at rising past $65,000 for the first time since early August. A breakout above the $65,000 level is likely necessary to confirm a bull move, said one analyst. The price of bitcoin {{BTC}} took aim at more than a one-month high during U.S. afternoon trading hours on Tuesday as the tailwind of what's shaping up to be a near global monetary easing cycle continued to push crypto markets higher. Bitcoin at press time was ahead nearly 2% over the past 24 hours at $64,300. The price hasn't been above $65,000 since the first week in August. China overnight joined nearly all other major global economies in easing monetary policy to combat a slowdown in the economy. The news sent the Shanghai Composite higher by more than 4%, but provided only a small and brief bump in the price of bitcoin. Prices actually dipped under $63,000 in the U.S. morning hours after the Conference Board reported a sharp decline in consumer confidence in September, its headline index tumbling to 98.7 from 105.6 – the steepest monthly fall since August 2021. "Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further," said the Conference Board's Dana Peterson. "Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income." The news though, sent expectations of the U.S. Federal Reserve cutting its benchmark interest rate by another 50 basis points at its November meeting to 61% from 50% a day earlier, according to CME FedWatch. Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin's sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce. With today's advance, bitcoin is now higher by more than 10% from week-ago levels, but it's hard to say there's been an upside breakout when the price remains below the level of just a few weeks ago. "Very psychologically difficult to flip from looking to trim on pops during chop to letting your winners ride," wrote well-followed analyst Will Clemente. "A confirmed change in market structure above $65,000 on BTC is the threshold for risk on and switching this bias in my opinion."

Bitcoin Pushes Past $64K As Monetary Ease Expectations Grow

China overnight joined in what's now a near global monetary easing campaign by the major economies.

Bitcoin took aim at rising past $65,000 for the first time since early August.

A breakout above the $65,000 level is likely necessary to confirm a bull move, said one analyst.

The price of bitcoin {{BTC}} took aim at more than a one-month high during U.S. afternoon trading hours on Tuesday as the tailwind of what's shaping up to be a near global monetary easing cycle continued to push crypto markets higher.

Bitcoin at press time was ahead nearly 2% over the past 24 hours at $64,300. The price hasn't been above $65,000 since the first week in August.

China overnight joined nearly all other major global economies in easing monetary policy to combat a slowdown in the economy. The news sent the Shanghai Composite higher by more than 4%, but provided only a small and brief bump in the price of bitcoin.

Prices actually dipped under $63,000 in the U.S. morning hours after the Conference Board reported a sharp decline in consumer confidence in September, its headline index tumbling to 98.7 from 105.6 – the steepest monthly fall since August 2021. "Consumers’ assessments of current business conditions turned negative while views of the current labor market situation softened further," said the Conference Board's Dana Peterson. "Consumers were also more pessimistic about future labor market conditions and less positive about future business conditions and future income."

The news though, sent expectations of the U.S. Federal Reserve cutting its benchmark interest rate by another 50 basis points at its November meeting to 61% from 50% a day earlier, according to CME FedWatch.

Shortly after, the latest figures showed a sizable jump in the U.S. M2 money supply in August. The combination of easier China and U.S. monetary policies and rising money supply appeared to be the catalyst for bitcoin's sustained rise throughout afternoon trading. Gold too, liked the news, jumping 1.4% to yet another record high of $2,690 per ounce.

With today's advance, bitcoin is now higher by more than 10% from week-ago levels, but it's hard to say there's been an upside breakout when the price remains below the level of just a few weeks ago.

"Very psychologically difficult to flip from looking to trim on pops during chop to letting your winners ride," wrote well-followed analyst Will Clemente. "A confirmed change in market structure above $65,000 on BTC is the threshold for risk on and switching this bias in my opinion."
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Interview with Ekin GĂŒltepe, General Manager of MANTRA Chain MENA Region and TĂŒrkiye, about Mantra. Real World Assets (RWA) sector has been making waves in the crypto ecosystem since 2023, and its upward trend in 2024 has solidified its importance in the market. This growth has also expanded the global reach of companies offering blockchain services. Key players in the RWA market include the USA, Switzerland, Singapore, Germany, and Turkey, establishing themselves as strong contenders in the global crypto market. Mantra Chain has emerged as a notable success in this space, particularly in the first 8 months of 2024. Ekin GĂŒltepe, Mantra Chain's General Manager for the Mena region and Turkey, provides insights into the company's position in the RWA market. What are the strategic advantages for Mantra in high-level sponsorship in Turkey? Why is Turkey important? Do you have other goals in the Turkish market? Why is Turkey an important market? At MANTRA, our sponsorships and marketing efforts in Turkey reflect our deep commitment to fostering long-term relationships in a market that is highly engaged with crypto and blockchain technology. Turkey has one of the most active and enthusiastic crypto communities in the world, making it a strategically important region for us. High-level sponsorships, such as our recent involvement with events like Binance TR, allow us to build trust and brand awareness among local investors and traders while providing value to a growing audience of crypto enthusiasts. We believe that strong brand awareness of MANTRA in Turkey will be opening doors for partnerships with local institutions, developers, and even potential government initiatives in the blockchain space. We definitely have other goals in Turkey. While brand recognition and community engagement are critical, our goals go beyond sponsorships. We aim to establish deeper relationships with Turkish builders and entrepreneurs, encouraging them to develop on MantraChain. Our ecosystem is designed to support decentralized applications (dApps), and we see tremendous potential in Turkey's tech talent and entrepreneurial drive. We also focus on expanding OM token adoption, growing our user base, and working closely with Turkish partners to ensure MANTRA's ecosystem aligns with the local market's needs. Additionally, Turkey’s importance as a hub for crypto traders aligns with our long-term strategy of increasing liquidity, enhancing OM’s trading volume, and providing better DeFi services to both retail users and institutional players in the country. Turkey is one of the most crypto-savvy nations in the world, with a high percentage of the population already familiar with and using digital assets. This makes it an ideal market for innovative blockchain projects like MANTRA. With its young, tech-savvy population and rising interest in decentralized finance, Turkey represents a significant growth opportunity for us. Beyond this, Turkey’s strategic geographical position between Europe and the Middle East makes it a key market as we expand our global footprint. The country's potential for blockchain adoption across various sectors, from finance to tech, is a compelling reason for us to prioritize Turkey in our roadmap. What are the major updates and new features expected in Mantra in 2025? What technological innovations will you focus on after 2025? What could be their impacts? As we move towards 2025, MANTRA is set to deliver several key updates that align with our commitment to innovation and community growth. One of the most significant updates will be the continued expansion of MantraChain Mainnet, our dedicated blockchain for decentralized finance (DeFi) applications. We will introduce enhanced interoperability features, allowing for seamless integration with other blockchains and broader ecosystem development. This will enable developers to build more sophisticated decentralized applications (dApps) on our network while expanding the use cases for OM, our native token. In addition, we're focusing on advanced liquidity solutions and yield optimization strategies for institutional partners, alongside the introduction of new DeFi tools that cater to both retail and institutional investors. Expect to see an improved user experience across our staking and lending platforms, including more intuitive interfaces, higher efficiency, and better rewards mechanisms for users. What are Mantra's long-term vision and big goals? In which areas do you expect Mantra to grow in the future? Will there be changes in Mantra's business model in the near future? MANTRA's objective is to become the ledger of record for RWAs, to be the home for RWAs and a global leader in decentralized finance, offering a wide range of innovative financial tools that empower individuals and institutions alike. A major goal is to make MANTRA the ecosystem that serves as a hub for decentralized applications, giving developers a powerful platform to build their projects, while ensuring that users have access to the best DeFi tools in the market. We also envision MANTRA becoming a trusted partner for institutions looking to tokenize their assets and join the DeFi movement, which will bring significant liquidity and value into the blockchain ecosystem. In the future, we expect MANTRA to expand its presence across key global jurisdictions, launching its own DEX, fostering local partnerships and engaging regulatory bodies to ensure sustainable growth. While the core focus of our business model is to offer a secure, regulatory friendly and scalable L1 for RWA tokenisation projects, the shift towards institutional DeFi and Web3 infrastructure could lead to strategic collaborations with both traditional financial institutions and tech companies, expanding our impact beyond the typical crypto space. What are Mantra's strategies for community management and increasing user engagement? What tools are you considering using? Community management is at the heart of MANTRA’s success, and our strategy revolves around fostering engagement, education, and transparency. We’re planning to enhance our current tools and introduce new ways to connect with our community. For instance, Collecting KARMA and our leaderboard is a major focus, offering rewards and airdrops for user participation, staking, and governance involvement. By making DeFi more interactive and rewarding, we hope to attract a broader range of users. Lastly, educational initiatives, such as webinars, AMAs, and in-person events, will remain key pillars of our community strategy, ensuring that all users—from beginners to experts—can grow alongside the MANTRA ecosystem. #Mantra #MantraChain #RWA #OM $OM #RealWorldAssets @MANTRA_Chain

Interview with Ekin GĂŒltepe, General Manager of MANTRA Chain MENA Region and TĂŒrkiye, about Mantra.

Real World Assets (RWA) sector has been making waves in the crypto ecosystem since 2023, and its upward trend in 2024 has solidified its importance in the market. This growth has also expanded the global reach of companies offering blockchain services.
Key players in the RWA market include the USA, Switzerland, Singapore, Germany, and Turkey, establishing themselves as strong contenders in the global crypto market.
Mantra Chain has emerged as a notable success in this space, particularly in the first 8 months of 2024. Ekin GĂŒltepe, Mantra Chain's General Manager for the Mena region and Turkey, provides insights into the company's position in the RWA market.
What are the strategic advantages for Mantra in high-level sponsorship in Turkey? Why is Turkey important? Do you have other goals in the Turkish market? Why is Turkey an important market?
At MANTRA, our sponsorships and marketing efforts in Turkey reflect our deep commitment to fostering long-term relationships in a market that is highly engaged with crypto and blockchain technology. Turkey has one of the most active and enthusiastic crypto communities in the world, making it a strategically important region for us. High-level sponsorships, such as our recent involvement with events like Binance TR, allow us to build trust and brand awareness among local investors and traders while providing value to a growing audience of crypto enthusiasts. We believe that strong brand awareness of MANTRA in Turkey will be opening doors for partnerships with local institutions, developers, and even potential government initiatives in the blockchain space.
We definitely have other goals in Turkey. While brand recognition and community engagement are critical, our goals go beyond sponsorships. We aim to establish deeper relationships with Turkish builders and entrepreneurs, encouraging them to develop on MantraChain. Our ecosystem is designed to support decentralized applications (dApps), and we see tremendous potential in Turkey's tech talent and entrepreneurial drive. We also focus on expanding OM token adoption, growing our user base, and working closely with Turkish partners to ensure MANTRA's ecosystem aligns with the local market's needs.
Additionally, Turkey’s importance as a hub for crypto traders aligns with our long-term strategy of increasing liquidity, enhancing OM’s trading volume, and providing better DeFi services to both retail users and institutional players in the country.
Turkey is one of the most crypto-savvy nations in the world, with a high percentage of the population already familiar with and using digital assets. This makes it an ideal market for innovative blockchain projects like MANTRA. With its young, tech-savvy population and rising interest in decentralized finance, Turkey represents a significant growth opportunity for us.
Beyond this, Turkey’s strategic geographical position between Europe and the Middle East makes it a key market as we expand our global footprint. The country's potential for blockchain adoption across various sectors, from finance to tech, is a compelling reason for us to prioritize Turkey in our roadmap.
What are the major updates and new features expected in Mantra in 2025? What technological innovations will you focus on after 2025? What could be their impacts?
As we move towards 2025, MANTRA is set to deliver several key updates that align with our commitment to innovation and community growth. One of the most significant updates will be the continued expansion of MantraChain Mainnet, our dedicated blockchain for decentralized finance (DeFi) applications. We will introduce enhanced interoperability features, allowing for seamless integration with other blockchains and broader ecosystem development. This will enable developers to build more sophisticated decentralized applications (dApps) on our network while expanding the use cases for OM, our native token.
In addition, we're focusing on advanced liquidity solutions and yield optimization strategies for institutional partners, alongside the introduction of new DeFi tools that cater to both retail and institutional investors. Expect to see an improved user experience across our staking and lending platforms, including more intuitive interfaces, higher efficiency, and better rewards mechanisms for users.
What are Mantra's long-term vision and big goals? In which areas do you expect Mantra to grow in the future? Will there be changes in Mantra's business model in the near future?
MANTRA's objective is to become the ledger of record for RWAs, to be the home for RWAs and a global leader in decentralized finance, offering a wide range of innovative financial tools that empower individuals and institutions alike.
A major goal is to make MANTRA the ecosystem that serves as a hub for decentralized applications, giving developers a powerful platform to build their projects, while ensuring that users have access to the best DeFi tools in the market. We also envision MANTRA becoming a trusted partner for institutions looking to tokenize their assets and join the DeFi movement, which will bring significant liquidity and value into the blockchain ecosystem.
In the future, we expect MANTRA to expand its presence across key global jurisdictions, launching its own DEX, fostering local partnerships and engaging regulatory bodies to ensure sustainable growth.
While the core focus of our business model is to offer a secure, regulatory friendly and scalable L1 for RWA tokenisation projects, the shift towards institutional DeFi and Web3 infrastructure could lead to strategic collaborations with both traditional financial institutions and tech companies, expanding our impact beyond the typical crypto space.
What are Mantra's strategies for community management and increasing user engagement? What tools are you considering using?
Community management is at the heart of MANTRA’s success, and our strategy revolves around fostering engagement, education, and transparency. We’re planning to enhance our current tools and introduce new ways to connect with our community. For instance, Collecting KARMA and our leaderboard is a major focus, offering rewards and airdrops for user participation, staking, and governance involvement. By making DeFi more interactive and rewarding, we hope to attract a broader range of users. Lastly, educational initiatives, such as webinars, AMAs, and in-person events, will remain key pillars of our community strategy, ensuring that all users—from beginners to experts—can grow alongside the MANTRA ecosystem.
#Mantra #MantraChain #RWA #OM $OM #RealWorldAssets @MANTRA
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Shiba Inu Burn Rate Skyrockets 5,975%, Ripple Prepares for Stablecoin Launch With New Burns, Bitc...Take a look at what happened in the world of crypto by reading U.Today’s top three news stories. Shiba Inu burn rate skyrockets 5,975% as SHIB price jumps Shiba Inu dog-themed cryptocurrency ended last week with a remarkable surge in its burn rate; according to the Shibburn X handle, on Sunday, Sept. 22, this metric registered a rise by an astonishing 5,975%. Over that period, a total of 1,729,224 SHIB tokens were burned. The increase in burn rate coincides with a rise in SHIB's price, which has climbed 2.74% to $0.0000147; currently, SHIB is changing hands at $0.0000146, up 1.28% over the past 24 hours. This upward trend follows a broader cryptocurrency market rally after the Federal Reserve lowered rates by half a percentage point for the first time in more than four years. card Ripple prepares for stablecoin launch with new burns XRP enthusiasts have been eagerly anticipating the launch of Ripple's stablecoin, RLUSD, which could occur within the next few weeks, according to CEO Brad Garlinghouse. Currently, RLUSD is in beta testing. Until then, Ripple continues burning the token, with recent activities including the burning of 24 RLUSD on the XRP Ledger and 64 RLUSD on the Ethereum blockchain. Ripple's stablecoin aims to operate on both networks, with the potential for future launches on additional blockchains still under consideration. The company seeks to capture a share of the stablecoin market, projected to reach $2.8 trillion by 2028, despite the current overall crypto market cap being just over $2 trillion. card Bitcoin's historical trend foreshadows epic rally in Q4 According to a recent observation by crypto analyst Ali Martinez, Bitcoin's price action in 2024 is mirroring the crypto's behavior in 2016 and 2020. Martinez pointed out that in Q4 of 2016, BTC gained 61%, and in 2020 171%, suggesting that Bitcoin may be poised for another major rally similar to its previous Q4 surges. Currently, Bitcoin has increased nearly 10% in weekly gains, reaching a high of $64,712 amid a rally influenced by a significant rate cut by the U.S. Federal Reserve. Also, Bitcoin's recent halving in April reduced mining rewards and has historically correlated with significant price increases, following previous halvings in 2012, 2016 and 2020. Market observers are noticing similarities between BTC's current price corrections and the patterns seen during its previous halving years, which sparks speculation about the possibility of a rally in the final months of 2024.

Shiba Inu Burn Rate Skyrockets 5,975%, Ripple Prepares for Stablecoin Launch With New Burns, Bitc...

Take a look at what happened in the world of crypto by reading U.Today’s top three news stories.

Shiba Inu burn rate skyrockets 5,975% as SHIB price jumps

Shiba Inu dog-themed cryptocurrency ended last week with a remarkable surge in its burn rate; according to the Shibburn X handle, on Sunday, Sept. 22, this metric registered a rise by an astonishing 5,975%. Over that period, a total of 1,729,224 SHIB tokens were burned. The increase in burn rate coincides with a rise in SHIB's price, which has climbed 2.74% to $0.0000147; currently, SHIB is changing hands at $0.0000146, up 1.28% over the past 24 hours. This upward trend follows a broader cryptocurrency market rally after the Federal Reserve lowered rates by half a percentage point for the first time in more than four years.

card

Ripple prepares for stablecoin launch with new burns

XRP enthusiasts have been eagerly anticipating the launch of Ripple's stablecoin, RLUSD, which could occur within the next few weeks, according to CEO Brad Garlinghouse. Currently, RLUSD is in beta testing. Until then, Ripple continues burning the token, with recent activities including the burning of 24 RLUSD on the XRP Ledger and 64 RLUSD on the Ethereum blockchain. Ripple's stablecoin aims to operate on both networks, with the potential for future launches on additional blockchains still under consideration. The company seeks to capture a share of the stablecoin market, projected to reach $2.8 trillion by 2028, despite the current overall crypto market cap being just over $2 trillion.

card

Bitcoin's historical trend foreshadows epic rally in Q4

According to a recent observation by crypto analyst Ali Martinez, Bitcoin's price action in 2024 is mirroring the crypto's behavior in 2016 and 2020. Martinez pointed out that in Q4 of 2016, BTC gained 61%, and in 2020 171%, suggesting that Bitcoin may be poised for another major rally similar to its previous Q4 surges. Currently, Bitcoin has increased nearly 10% in weekly gains, reaching a high of $64,712 amid a rally influenced by a significant rate cut by the U.S. Federal Reserve. Also, Bitcoin's recent halving in April reduced mining rewards and has historically correlated with significant price increases, following previous halvings in 2012, 2016 and 2020. Market observers are noticing similarities between BTC's current price corrections and the patterns seen during its previous halving years, which sparks speculation about the possibility of a rally in the final months of 2024.
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Dogwifhat makes a comeback after WIF rallies 25% in a week — What is next?Dogwifhat (WIF), a Solana-based memecoin, has surged 15% over the last 24 hours, reaching a high of $1.98 on Sept. 24. The rebound comes after WIF price dropped 60% from its all-time high of $4.85 six months ago. Data from Cointelegraph Markets Pro and TradingView shows WIF rose from a low of $1.44 on Sept. 18, climbing 37% to trade at $1.96 on Sept. 24. WIF/USD daily chart. Source: TradingView In comparison, the total memecoin market capitalization is up 0.33% to $2.3 trillion, with most of the largest memecoins by market capitalization posting gains on Sept. 24, according to data from CoinGecko. Price performance of 10 largest memecoins. Source: CoinGecko Mean reversion or an isolated rally? Several crypto traders expect Dogwifhat to build on the current momentum to initiate a sustained recovery toward all-time highs. “$WIF is slowly climbing, and we have been silently accumulating it since support last month,” altcoin analyst Sjuul wrote in a Sept. 24 post on X. Meanwhile, crypto technical analyst Crypto Jobs said the WIF price was breaking out of a 180-day falling wedge, with $1.98 and $2 being key resistance levels to watch.  The descending trendline of the falling wedge $1.75 is acting as immediate support for the memecoin. The relative strength index has risen from 53 to 66 between Sept. 22 and Sept. 23, suggesting that the buyers were dominating the market.  WIF/USD daily chart. Source: TradingView It is worth noting that WIF’s latest rally has seen it flip crucial levels into support, including the 50-day, 200-day and 100-day EMAs at $1.70, $1.80 and $1.85, respectively. Increased buying from these buyer congestion zones is likely to push WIF higher toward the bullish target of the prevailing chart pattern at $2.55. Meanwhile, futures traders are doubtful of a quick rebound, with $10.91 million in short positions at risk if the price recovers to $2.02. A further 10% decline down to $1.80 would wipe out $13.63 million in long positions. WIF exchange liquidation heatmap. Source: Coinglass Increasing open interest backs WIF’s upside The surge in the price of Dogwifhat on Sept. 24 comes after a significant jump in its open interest (OI).  Open interest is a key metric that traders and analysts use to assess market sentiment and anticipate future price movements.  WIF’s OI rose to $315.95 million on Sept. 24, approximately 30.45%, up from $232.82 million a day prior on Sept. 23, according to CoinGlass data. WIF open interest across all exchanges. Source: Coinglass Additional data from Coinglass reveals increasing demand for leveraged long positions in WIF over the last few days, as indicated by perpetual futures funding rate. WIF average perpetual contracts 8-hour funding rate. Source: Coinglass Note that the current 0.0073% eight-hour rate translates to a 0.05% cost over a seven-day period, which is not significant for traders building futures positions. Typically, when there is an imbalance driven by excessive optimism, the rate could easily exceed 1% per week over the next few days. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Dogwifhat makes a comeback after WIF rallies 25% in a week — What is next?

Dogwifhat (WIF), a Solana-based memecoin, has surged 15% over the last 24 hours, reaching a high of $1.98 on Sept. 24. The rebound comes after WIF price dropped 60% from its all-time high of $4.85 six months ago.

Data from Cointelegraph Markets Pro and TradingView shows WIF rose from a low of $1.44 on Sept. 18, climbing 37% to trade at $1.96 on Sept. 24.

WIF/USD daily chart. Source: TradingView

In comparison, the total memecoin market capitalization is up 0.33% to $2.3 trillion, with most of the largest memecoins by market capitalization posting gains on Sept. 24, according to data from CoinGecko.

Price performance of 10 largest memecoins. Source: CoinGecko

Mean reversion or an isolated rally?

Several crypto traders expect Dogwifhat to build on the current momentum to initiate a sustained recovery toward all-time highs.

“$WIF is slowly climbing, and we have been silently accumulating it since support last month,” altcoin analyst Sjuul wrote in a Sept. 24 post on X.

Meanwhile, crypto technical analyst Crypto Jobs said the WIF price was breaking out of a 180-day falling wedge, with $1.98 and $2 being key resistance levels to watch. 

The descending trendline of the falling wedge $1.75 is acting as immediate support for the memecoin. The relative strength index has risen from 53 to 66 between Sept. 22 and Sept. 23, suggesting that the buyers were dominating the market. 

WIF/USD daily chart. Source: TradingView

It is worth noting that WIF’s latest rally has seen it flip crucial levels into support, including the 50-day, 200-day and 100-day EMAs at $1.70, $1.80 and $1.85, respectively. Increased buying from these buyer congestion zones is likely to push WIF higher toward the bullish target of the prevailing chart pattern at $2.55.

Meanwhile, futures traders are doubtful of a quick rebound, with $10.91 million in short positions at risk if the price recovers to $2.02. A further 10% decline down to $1.80 would wipe out $13.63 million in long positions.

WIF exchange liquidation heatmap. Source: Coinglass

Increasing open interest backs WIF’s upside

The surge in the price of Dogwifhat on Sept. 24 comes after a significant jump in its open interest (OI). 

Open interest is a key metric that traders and analysts use to assess market sentiment and anticipate future price movements. 

WIF’s OI rose to $315.95 million on Sept. 24, approximately 30.45%, up from $232.82 million a day prior on Sept. 23, according to CoinGlass data.

WIF open interest across all exchanges. Source: Coinglass

Additional data from Coinglass reveals increasing demand for leveraged long positions in WIF over the last few days, as indicated by perpetual futures funding rate.

WIF average perpetual contracts 8-hour funding rate. Source: Coinglass

Note that the current 0.0073% eight-hour rate translates to a 0.05% cost over a seven-day period, which is not significant for traders building futures positions. Typically, when there is an imbalance driven by excessive optimism, the rate could easily exceed 1% per week over the next few days.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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New Bitcoin Whale Stuns Binance With Staggering BTC WithdrawalAccording to the Smart Money tracker on the X platform, @lookonchain, slightly more than an hour ago, a new Bitcoin whale emerged on the market as tens of millions worth of Bitcoin went from the Binance exchange to a new cryptocurrency wallet. The wallet ends in -4DaAXS, and its owner withdrew a massive $64.47 million in crypto (1,015 Bitcoin worth) from the world’s largest centralized crypto trader, Binance. Someone created a new wallet and withdrew 1,015 $BTC($64.47M) from #Binance 1 hour ago.Address:12993NM9fV8dSSQgbWDZSBVgqtPw4DaAXS pic.twitter.com/PGwd3AbrmK — Lookonchain (@lookonchain) September 24, 2024 This transaction was also observed by popular blockchain sleuth Whale Alert. Aside from that, Whale Alert had noticed several other big Bitcoin transfers. A whopping $208,589,207 in Bitcoin (the equivalent of 3,309 BTC) was withdrawn from the Kraken exchange to an anonymous digital wallet. Cumulatively $238.4 million worth of Bitcoin (1,736 BTC and 2,025 BTC) was transferred between anonymous blockchain addresses. Over the past week, the world’s primary cryptocurrency, Bitcoin, has seen a substantial price increase of almost 11% as it soared from $57,600 last Tuesday to the $63,890 zone on Monday. This rally was largely influenced and supported by the large interest rate cut announced by Fed Reserve chairman Jerome Powell at the FOMC meeting on Wednesday. The interest rate was slashed by 50 basis points, while many expected it to go down only as low as 25 bps. Now, the Chinese central bank (PBOC) has also confirmed its intention to cut multiple interest rates this year. Many financial experts now believe that China’s announcement will become yet another trigger that will propel Bitcoin to reaching new highs, probably even this year. The most recent all-time high was reached by Bitcoin in March at the $73,750 price level. Currently, BTC is trading 13.82% below that historic price peak. This year, it was reached before the halving took place in April. card Dormant Bitcoin wallet reactivated with huge gains According to the aforementioned Whale Alert blockchain tracking platform, a dormant Bitcoin wallet returned to active life containing 81 Bitcoins. This amount of BTC is currently worth $5,189,542, while back in 2013 it was the equivalent of $44,707. At the time of this writing, in 2024, BTC is changing hands at $63,320 per coin. đŸ’€ A dormant address containing 81 #BTC (5,189,542 USD) has just been activated after 10.9 years (worth 44,707 USD in 2013)!https://t.co/0QTLIfzk6K — Whale Alert (@whale_alert) September 23, 2024 This change in value constitutes an impressive 11,507% profit increase after almost 11 years of inactivity.

New Bitcoin Whale Stuns Binance With Staggering BTC Withdrawal

According to the Smart Money tracker on the X platform, @lookonchain, slightly more than an hour ago, a new Bitcoin whale emerged on the market as tens of millions worth of Bitcoin went from the Binance exchange to a new cryptocurrency wallet.

The wallet ends in -4DaAXS, and its owner withdrew a massive $64.47 million in crypto (1,015 Bitcoin worth) from the world’s largest centralized crypto trader, Binance.

Someone created a new wallet and withdrew 1,015 $BTC($64.47M) from #Binance 1 hour ago.Address:12993NM9fV8dSSQgbWDZSBVgqtPw4DaAXS pic.twitter.com/PGwd3AbrmK

— Lookonchain (@lookonchain) September 24, 2024

This transaction was also observed by popular blockchain sleuth Whale Alert. Aside from that, Whale Alert had noticed several other big Bitcoin transfers.

A whopping $208,589,207 in Bitcoin (the equivalent of 3,309 BTC) was withdrawn from the Kraken exchange to an anonymous digital wallet. Cumulatively $238.4 million worth of Bitcoin (1,736 BTC and 2,025 BTC) was transferred between anonymous blockchain addresses.

Over the past week, the world’s primary cryptocurrency, Bitcoin, has seen a substantial price increase of almost 11% as it soared from $57,600 last Tuesday to the $63,890 zone on Monday. This rally was largely influenced and supported by the large interest rate cut announced by Fed Reserve chairman Jerome Powell at the FOMC meeting on Wednesday.

The interest rate was slashed by 50 basis points, while many expected it to go down only as low as 25 bps. Now, the Chinese central bank (PBOC) has also confirmed its intention to cut multiple interest rates this year. Many financial experts now believe that China’s announcement will become yet another trigger that will propel Bitcoin to reaching new highs, probably even this year.

The most recent all-time high was reached by Bitcoin in March at the $73,750 price level. Currently, BTC is trading 13.82% below that historic price peak. This year, it was reached before the halving took place in April.

card

Dormant Bitcoin wallet reactivated with huge gains

According to the aforementioned Whale Alert blockchain tracking platform, a dormant Bitcoin wallet returned to active life containing 81 Bitcoins.

This amount of BTC is currently worth $5,189,542, while back in 2013 it was the equivalent of $44,707. At the time of this writing, in 2024, BTC is changing hands at $63,320 per coin.

đŸ’€ A dormant address containing 81 #BTC (5,189,542 USD) has just been activated after 10.9 years (worth 44,707 USD in 2013)!https://t.co/0QTLIfzk6K

— Whale Alert (@whale_alert) September 23, 2024

This change in value constitutes an impressive 11,507% profit increase after almost 11 years of inactivity.
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$DOGS Announces End of Airdrop and Upcoming Token Burn EventCommunity-Driven Meme Coin, $DOGS, Concludes Airdrop and Prepares for Token Burn to Enhance Value and Support Charitable Causes 24 September 2024 — $DOGS, the rapidly growing Telegram-native meme coin, is excited to announce the conclusion of its claim event on September 19th, 2024, with the final claimants receiving tokens this week. In alignment with its commitment to decentralisation and community empowerment, $DOGS will initiate a token burn event, with the exact number of unclaimed tokens to be determined by a community vote. Additionally, a noticeable chunk of the unclaimed tokens will be donated to charitable organisations, continuing $DOGS’ dedication to social responsibility. Key Highlights: End of Airdrop: The final distribution of airdropped $DOGS tokens concluded on September 19th, 2024. The total amount of Tokens Distributed was over 380B Tokens Total number of Claimers over 20.5m No vesting or locks: Tokens are available for withdrawal from day one. Community Vote on Token Burn: Holders will play a crucial role in a vote to decide the number of unclaimed tokens to be permanently removed from circulation. Your participation is key to shaping the future of $ DOGS. Charitable Contribution: A portion of unclaimed tokens will be donated to charities selected by the community. Opportunity for Investors: With the airdrop ending and a token burn imminent, this period represents a strategic entry point for new investors. Empowering the Community Through Decentralisation $DOGS has placed its community at the forefront of decision-making from day one. By allowing token holders to vote on the extent of the token burn, $DOGS reinforces the principles of decentralisation and collective governance that are fundamental to the cryptocurrency space. “Our community is the backbone of $DOGS,” says the community representative of $DOGS. “By involving them directly in the token burn decision, we ensure that the future of $DOGS aligns with the interests of those who believe in our mission.“ Enhancing Token Value Through Scarcity The upcoming token burn is a strategic move to reduce the total supply of $DOGS tokens, potentially increasing their value due to scarcity. This deflationary mechanism rewards long-term holders and stabilises the token’s market dynamics post-airdrop. Continued Commitment to Charitable Giving In keeping with its ethos of social responsibility, $DOGS will donate a noticeable portion of the unclaimed tokens to charities focused on supporting stray dogs, orphans, and other charitable causes. Previous donations exceeding $300,000 have been made to organisations such as: Save the Children (https://www.savethechildren.org/) Save an Orphan (https://www.saveanorphan.org/) Animal Charity Evaluators (https://animalcharityevaluators.org/) The community will once again have the opportunity to vote on which charities will receive the donations, ensuring that contributions reflect the values and priorities of $DOGS holders. What this means for potential new buyers With the airdrop concluding and the token burn on the horizon, this period presents a unique and exciting opportunity for new and existing investors to join the $ DOGS community. Market Positioning: Post-airdrop sell-offs may lead to favourable entry prices. Reduced Supply: The impending token burn will decrease circulating supply, potentially enhancing token value and offering a promising outlook for investors. Active Community Engagement: Participation in upcoming votes allows investors to influence key decisions. Stay Informed and Participate To stay updated on the token burn event, community votes, and charitable initiatives, follow $DOGS on official channels: Telegram Twitter/X Instagram About $DOGS $DOGS is a meme-based cryptocurrency inspired by Pavel Durov’s beloved mascot, Spotty. Emphasising freedom, self-expression, and social responsibility, $DOGS has quickly become a prominent player in the meme coin space. With over 17 million token holders and 20 million followers across social media, the token has already been listed on major cryptocurrency exchanges and is committed to building a strong, engaged community that shapes its future.

$DOGS Announces End of Airdrop and Upcoming Token Burn Event

Community-Driven Meme Coin, $DOGS, Concludes Airdrop and Prepares for Token Burn to Enhance Value and Support Charitable Causes

24 September 2024 — $DOGS, the rapidly growing Telegram-native meme coin, is excited to announce the conclusion of its claim event on September 19th, 2024, with the final claimants receiving tokens this week. In alignment with its commitment to decentralisation and community empowerment, $DOGS will initiate a token burn event, with the exact number of unclaimed tokens to be determined by a community vote. Additionally, a noticeable chunk of the unclaimed tokens will be donated to charitable organisations, continuing $DOGS’ dedication to social responsibility.

Key Highlights:

End of Airdrop: The final distribution of airdropped $DOGS tokens concluded on September 19th, 2024.

The total amount of Tokens Distributed was over 380B Tokens

Total number of Claimers over 20.5m

No vesting or locks: Tokens are available for withdrawal from day one.

Community Vote on Token Burn: Holders will play a crucial role in a vote to decide the number of unclaimed tokens to be permanently removed from circulation. Your participation is key to shaping the future of $ DOGS.

Charitable Contribution: A portion of unclaimed tokens will be donated to charities selected by the community.

Opportunity for Investors: With the airdrop ending and a token burn imminent, this period represents a strategic entry point for new investors.

Empowering the Community Through Decentralisation

$DOGS has placed its community at the forefront of decision-making from day one. By allowing token holders to vote on the extent of the token burn, $DOGS reinforces the principles of decentralisation and collective governance that are fundamental to the cryptocurrency space.

“Our community is the backbone of $DOGS,” says the community representative of $DOGS. “By involving them directly in the token burn decision, we ensure that the future of $DOGS aligns with the interests of those who believe in our mission.“

Enhancing Token Value Through Scarcity

The upcoming token burn is a strategic move to reduce the total supply of $DOGS tokens, potentially increasing their value due to scarcity. This deflationary mechanism rewards long-term holders and stabilises the token’s market dynamics post-airdrop.

Continued Commitment to Charitable Giving

In keeping with its ethos of social responsibility, $DOGS will donate a noticeable portion of the unclaimed tokens to charities focused on supporting stray dogs, orphans, and other charitable causes. Previous donations exceeding $300,000 have been made to organisations such as:

Save the Children (https://www.savethechildren.org/)

Save an Orphan (https://www.saveanorphan.org/)

Animal Charity Evaluators (https://animalcharityevaluators.org/)

The community will once again have the opportunity to vote on which charities will receive the donations, ensuring that contributions reflect the values and priorities of $DOGS holders.

What this means for potential new buyers

With the airdrop concluding and the token burn on the horizon, this period presents a unique and exciting opportunity for new and existing investors to join the $ DOGS community.

Market Positioning: Post-airdrop sell-offs may lead to favourable entry prices.

Reduced Supply: The impending token burn will decrease circulating supply, potentially enhancing token value and offering a promising outlook for investors.

Active Community Engagement: Participation in upcoming votes allows investors to influence key decisions.

Stay Informed and Participate

To stay updated on the token burn event, community votes, and charitable initiatives, follow $DOGS on official channels:

Telegram

Twitter/X

Instagram

About $DOGS

$DOGS is a meme-based cryptocurrency inspired by Pavel Durov’s beloved mascot, Spotty. Emphasising freedom, self-expression, and social responsibility, $DOGS has quickly become a prominent player in the meme coin space. With over 17 million token holders and 20 million followers across social media, the token has already been listed on major cryptocurrency exchanges and is committed to building a strong, engaged community that shapes its future.
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NEIRO Price Prediction: A Comprehensive Analysis (2024 - 2030)The cryptocurrency market is notorious for its fluctuations, and NEIRO has demonstrated a significant rise in value that investors should take note of. As of today, NEIRO is trading at $0.00120482 with a market capitalization nearing $500 million. Since its listing on Binance, it has experienced remarkable growth, surging 10x before settling at current levels and then achieving another 4x increase. With 2024 nearing its end, let’s dive into the key factors influencing NEIRO's price and outline predictions through 2030. Technical Overview 1. Moving Averages (MA): MA(5): $0.00117419 — This short-term moving average is trending above the current price, indicating recent price momentum is stabilizing after a period of volatility. MA(10): $0.00118188 — The 10-day MA is showing steady support, signaling potential near-term consolidation. MA(25) and MA(50): Longer-term moving averages like the MA(25) $0.00119936 and MA(50) $0.00104201 reflect an overall bullish trend, as the current price remains above these levels. These moving averages suggest NEIRO is maintaining bullish momentum, especially over longer time frames, even as short-term consolidation occurs. 2. Market Volume: 24h Volume: 400.16M NEIRO has experienced substantial trading volume over the last 24 hours, confirming ongoing interest from both retail and institutional investors. Higher volumes typically signal increased liquidity and indicate strong market participation, making it easier for large orders to execute without significantly moving the price. Volatility: While volume remains high, it is essential to note the price’s recent fluctuation between $0.00137618 and $0.00111360 in the last 24 hours. This shows that although NEIRO is trending upwards, there’s still notable volatility which investors should remain cautious of. Key Price Levels 1. Support Levels: The $0.00095026 price level serves as a crucial support. If the market faces significant downward pressure, this price is likely to act as a strong floor where buyers step in. 2. Resistance Levels: The recent $0.00137618 price peak represents a resistance level. Once NEIRO can break and hold above this level, it will likely see another upward leg, possibly toward $0.0015 in the near term. Fundamental Factors Supporting NEIRO’s Growth 1. Ethereum Ecosystem: NEIRO is built on Ethereum, which is a leading blockchain for decentralized applications. Leveraging Ethereum’s established framework adds credibility and potential scalability to NEIRO’s utility. 2. Popularity & Market Sentiment: The initial 10x price surge following the Binance listing signals strong market demand. NEIRO has benefited from growing visibility and investor interest, with its popularity continuing to rise as a mid-cap cryptocurrency. 3. Current Market Capitalization: With a market cap of $500 million, NEIRO remains a relatively small project compared to major cryptos. This suggests there is still room for expansion, provided that the project sustains growth and delivers on its development roadmap. NEIRO Price Prediction 2024: With the close of 2024 approaching, NEIRO’s price will likely stabilize between $0.0015 - $0.002. Current trends indicate a slight uptick as trading volume remains consistent, and positive market sentiment prevails. However, investors should be cautious about potential market corrections. 2025: As NEIRO gains further adoption, particularly within Ethereum’s ecosystem, the price could rise to $0.0025 - $0.004 by the end of 2025. This increase would be fueled by its integration into decentralized finance (DeFi) platforms, potentially driving higher demand for the token. 2026: By 2026, NEIRO may start capturing a larger share of the market as it attracts more decentralized applications (dApps) and partnerships. With the growing popularity of Ethereum-based tokens, the price could approach $0.005 - $0.008. 2027 - 2030: In the long term, NEIRO’s price will largely depend on continued innovation and broader market adoption. Assuming the project sustains its momentum and remains relevant in the DeFi space, NEIRO could reach between $0.01 - $0.02 by 2030. Growth will be subject to overall market conditions, Ethereum’s network upgrades, and regulatory developments in the cryptocurrency space. Risks and Market Considerations While NEIRO presents exciting prospects, investors should remain aware of the risks: 1. Market Volatility: High trading volume signals interest, but it also brings increased price swings. As NEIRO is still establishing its foothold, market corrections and sudden price drops may occur. 2. Dependency on Ethereum: Being an Ethereum-based project, NEIRO’s success is closely tied to Ethereum’s network performance, fee structure, and scalability issues. Any significant problems on Ethereum could impact NEIRO’s price growth. 3. Regulatory Changes: Global cryptocurrency regulations could play a significant role in NEIRO’s future, particularly as countries develop policies around decentralized currencies. Conclusion NEIRO has demonstrated significant growth potential, showing strong performance since its Binance listing and maintaining bullish trends. While its price is currently around $0.0012, NEIRO has room to grow, with projections suggesting it could reach between $0.01 - $0.02 by 2030. Investors should continue to monitor market conditions, as well as NEIRO’s adoption within the Ethereum ecosystem, to assess its long-term viability. Investors should remain informed about broader market conditions, but NEIRO remains a strong contender for long-term gains based on its current trajectory. Disclaimer: This is not financial advice. Always do your own research. #NEIRO #Super029

NEIRO Price Prediction: A Comprehensive Analysis (2024 - 2030)

The cryptocurrency market is notorious for its fluctuations, and NEIRO has demonstrated a significant rise in value that investors should take note of. As of today, NEIRO is trading at $0.00120482 with a market capitalization nearing $500 million.
Since its listing on Binance, it has experienced remarkable growth, surging 10x before settling at current levels and then achieving another 4x increase. With 2024 nearing its end, let’s dive into the key factors influencing NEIRO's price and outline predictions through 2030.
Technical Overview
1. Moving Averages (MA):
MA(5): $0.00117419 — This short-term moving average is trending above the current price, indicating recent price momentum is stabilizing after a period of volatility.
MA(10): $0.00118188 — The 10-day MA is showing steady support, signaling potential near-term consolidation.
MA(25) and MA(50): Longer-term moving averages like the MA(25) $0.00119936 and MA(50) $0.00104201 reflect an overall bullish trend, as the current price remains above these levels.
These moving averages suggest NEIRO is maintaining bullish momentum, especially over longer time frames, even as short-term consolidation occurs.
2. Market Volume:
24h Volume: 400.16M NEIRO has experienced substantial trading volume over the last 24 hours, confirming ongoing interest from both retail and institutional investors. Higher volumes typically signal increased liquidity and indicate strong market participation, making it easier for large orders to execute without significantly moving the price.
Volatility: While volume remains high, it is essential to note the price’s recent fluctuation between $0.00137618 and $0.00111360 in the last 24 hours. This shows that although NEIRO is trending upwards, there’s still notable volatility which investors should remain cautious of.
Key Price Levels
1. Support Levels:
The $0.00095026 price level serves as a crucial support. If the market faces significant downward pressure, this price is likely to act as a strong floor where buyers step in.
2. Resistance Levels:
The recent $0.00137618 price peak represents a resistance level. Once NEIRO can break and hold above this level, it will likely see another upward leg, possibly toward $0.0015 in the near term.
Fundamental Factors Supporting NEIRO’s Growth
1. Ethereum Ecosystem: NEIRO is built on Ethereum, which is a leading blockchain for decentralized applications. Leveraging Ethereum’s established framework adds credibility and potential scalability to NEIRO’s utility.
2. Popularity & Market Sentiment: The initial 10x price surge following the Binance listing signals strong market demand. NEIRO has benefited from growing visibility and investor interest, with its popularity continuing to rise as a mid-cap cryptocurrency.
3. Current Market Capitalization: With a market cap of $500 million, NEIRO remains a relatively small project compared to major cryptos. This suggests there is still room for expansion, provided that the project sustains growth and delivers on its development roadmap.
NEIRO Price Prediction
2024:
With the close of 2024 approaching, NEIRO’s price will likely stabilize between $0.0015 - $0.002. Current trends indicate a slight uptick as trading volume remains consistent, and positive market sentiment prevails. However, investors should be cautious about potential market corrections.
2025:
As NEIRO gains further adoption, particularly within Ethereum’s ecosystem, the price could rise to $0.0025 - $0.004 by the end of 2025. This increase would be fueled by its integration into decentralized finance (DeFi) platforms, potentially driving higher demand for the token.
2026:
By 2026, NEIRO may start capturing a larger share of the market as it attracts more decentralized applications (dApps) and partnerships. With the growing popularity of Ethereum-based tokens, the price could approach $0.005 - $0.008.
2027 - 2030:
In the long term, NEIRO’s price will largely depend on continued innovation and broader market adoption. Assuming the project sustains its momentum and remains relevant in the DeFi space, NEIRO could reach between $0.01 - $0.02 by 2030. Growth will be subject to overall market conditions, Ethereum’s network upgrades, and regulatory developments in the cryptocurrency space.
Risks and Market Considerations
While NEIRO presents exciting prospects, investors should remain aware of the risks:
1. Market Volatility: High trading volume signals interest, but it also brings increased price swings. As NEIRO is still establishing its foothold, market corrections and sudden price drops may occur.
2. Dependency on Ethereum: Being an Ethereum-based project, NEIRO’s success is closely tied to Ethereum’s network performance, fee structure, and scalability issues. Any significant problems on Ethereum could impact NEIRO’s price growth.
3. Regulatory Changes: Global cryptocurrency regulations could play a significant role in NEIRO’s future, particularly as countries develop policies around decentralized currencies.
Conclusion
NEIRO has demonstrated significant growth potential, showing strong performance since its Binance listing and maintaining bullish trends. While its price is currently around $0.0012, NEIRO has room to grow, with projections suggesting it could reach between $0.01 - $0.02 by 2030. Investors should continue to monitor market conditions, as well as NEIRO’s adoption within the Ethereum ecosystem, to assess its long-term viability.

Investors should remain informed about broader market conditions, but NEIRO remains a strong contender for long-term gains based on its current trajectory.
Disclaimer: This is not financial advice. Always do your own research.
#NEIRO #Super029
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HAMSTER KOMBAT Price Prediction – Going to 1 USD?! Check this!Currently, the entire market is waiting to see what price Hamster Kombat will reach at its listing. Although meme coins can offer pleasant surprises, you always need to think rationally! Recently, various price estimates have been circulating, ranging from $0.2 to $0.5 USD, with some "analysts" even predicting $1 USD per Hamster Kombat token! At this point, we need to stop and remind ourselves of the basic tokenomics. Total supply: 100 billionInitial circulating supply: 63 billion If the price of the #HMSTR token were to reach $1 USD, its market capitalization would be 63 billion, which is similar to Solana’s, the fifth-largest cryptocurrency. Any rational person knows that this is nonsense. Even a price of $0.1 USD seems highly exaggerated. You must remember that $HMSTR is just a meme coin, lacking significant utility or added value, and the biggest hype came from the airdrop itself. In contrast, there are many tokens still in pre-sale phases that also have live airdrop campaigns. For comparison, right now you have the opportunity to buy $FATTY tokens (Fatty.io ecosystem) in pre-sale for $0.022 USD, with a total supply of just 1 billion tokens. In practice, this means that if the $FATTY token were to reach the same market capitalization that $HMSTR would have at a price of $0.1 USD, 1 $FATTY token would be worth $6 USD. This translates to a gain of +27,100%! Additionally, the #Fatty token has an ongoing airdrop campaign on Zealy, where you can still participate. Why is $FATTY better than $HMSTR? #FatBot – Advanced trading bot#FatBoy – Tamagotchi play-to-earn gameUnique tokenomicsSigned multiple VCs Always remember to do your own analysis and not rely on hype or influencers, who often have their own interests in mind. While many will be watching the $HMSTR TGE, a lot of them will end up losing money.

HAMSTER KOMBAT Price Prediction – Going to 1 USD?! Check this!

Currently, the entire market is waiting to see what price Hamster Kombat will reach at its listing. Although meme coins can offer pleasant surprises, you always need to think rationally! Recently, various price estimates have been circulating, ranging from $0.2 to $0.5 USD, with some "analysts" even predicting $1 USD per Hamster Kombat token!
At this point, we need to stop and remind ourselves of the basic tokenomics.
Total supply: 100 billionInitial circulating supply: 63 billion
If the price of the #HMSTR token were to reach $1 USD, its market capitalization would be 63 billion, which is similar to Solana’s, the fifth-largest cryptocurrency. Any rational person knows that this is nonsense. Even a price of $0.1 USD seems highly exaggerated.
You must remember that $HMSTR is just a meme coin, lacking significant utility or added value, and the biggest hype came from the airdrop itself. In contrast, there are many tokens still in pre-sale phases that also have live airdrop campaigns.
For comparison, right now you have the opportunity to buy $FATTY tokens (Fatty.io ecosystem) in pre-sale for $0.022 USD, with a total supply of just 1 billion tokens. In practice, this means that if the $FATTY token were to reach the same market capitalization that $HMSTR would have at a price of $0.1 USD, 1 $FATTY token would be worth $6 USD. This translates to a gain of +27,100%! Additionally, the #Fatty token has an ongoing airdrop campaign on Zealy, where you can still participate.
Why is $FATTY better than $HMSTR?
#FatBot – Advanced trading bot#FatBoy – Tamagotchi play-to-earn gameUnique tokenomicsSigned multiple VCs
Always remember to do your own analysis and not rely on hype or influencers, who often have their own interests in mind. While many will be watching the $HMSTR TGE, a lot of them will end up losing money.
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Neiro: Is It Setting Up for Another Rally? What Traders Should Know Before Jumping InThe world of crypto is filled with opportunities to ride explosive rallies, and NEIRO is looking like a potential candidate for just that. 🚀 After a strong breakout earlier today, it seems like the market is catching its breath. But should we expect NEIRO to surge again, or is it time to take profits and wait for the next setup? Let’s dig into the chart and see what the technicals are telling us. Right now, NEIRO is trading just above 0.00118, following a sharp dip from its earlier high. This is where things get interesting: it’s not uncommon for an asset to pull back after a strong rally, but where it stabilizes gives us important clues about what comes next. We’ve seen a test of critical support levels, and the price is hovering near some key moving averages that could act as either support or resistance. But first, let's break it down. NEIRO’s Chart: The Calm After the Storm? NEIRO's 15-minute chart shows us the aftermath of an exciting rally. The coin saw a sharp upward movement that took it to a high near 0.00140, but the price has since retraced back to the 0.00118 level, where it’s consolidating. This consolidation could be a sign that the market is catching its breath before making the next move. The question is, which way will it go? 1. Moving Averages (MA): - The 7-period moving average is currently sitting at 0.001160, just below the price, acting as immediate support. This is a good sign for short-term bulls, but the price needs to stay above this level for any continuation of upward momentum. - The 25-period MA, located at 0.001234, is slightly higher and represents a more significant resistance level that the price would need to clear to resume its rally. - The 99-period MA is resting at 0.001185, just above the current price, providing a strong indication of overhead resistance. NEIRO will need a solid push through this level to prove that the bulls are still in control. 2. MACD (Moving Average Convergence Divergence): - The MACD is flashing some mixed signals right now. After an earlier bullish wave, the MACD line (blue) crossed below the signal line (orange), indicating potential bearish momentum. However, the histogram shows that the downward momentum is weakening, which could suggest a reversal soon. - If we see the MACD line curve back up for a bullish crossover, that would be a signal for traders to jump back in, as it could spark another upward move. 3. Volume: - Volume levels were extremely high during the initial rally, confirming the bullish breakout. However, since the retracement, volume has tapered off, suggesting that traders are waiting on the sidelines for the next big move. Keep an eye on volume — if it starts to spike again, it could be the trigger for NEIRO to break through resistance. Key Support and Resistance Levels 🔑 - Support: Immediate support is found near 0.001160, right where the 7-period MA is currently holding. If this level fails, the next key support will likely be around 0.001100, where the price consolidated before the rally. - Resistance: The first major hurdle on the way up is the 99-period MA at 0.001185, which NEIRO is currently flirting with. If the price can break and hold above this level, the next significant resistance is around 0.001234, where the 25-period MA sits. Beyond that, the high of 0.00140 becomes the main target for bulls to reclaim. What’s Influencing NEIRO’s Price? đŸ€” NEIRO is relatively new on the scene, but it's already gaining traction, especially after its recent listing on Binance, which naturally brought a surge of interest and volume. Given that NEIRO runs on Ethereum and is part of the broader DeFi movement, any positive news or developments in the DeFi space could act as a tailwind. However, just like other altcoins, NEIRO is still heavily influenced by market sentiment and overall Bitcoin price action. If BTC remains stable or bullish, it’s likely that NEIRO could see more upside potential as traders rotate back into altcoins. But here’s the thing: this isn’t a set-it-and-forget-it investment. NEIRO's price action will likely remain volatile in the near term, meaning that both traders and long-term holders need to stay on their toes and react quickly to market movements. Trading Strategies: What Should You Do Now? Now that we have a better picture of NEIRO’s current setup, let's talk strategy. Whether you're a short-term trader or a long-term investor, here’s what you need to consider: For Short-Term Traders: - Range Trading: If you're into scalping, keep an eye on the 0.001160 - 0.001234 range. Buying near the 7-period MA support around 0.001160 and selling near resistance at 0.001234 can offer quick profits in this sideways market. - Breakout Play: A breakout above 0.001234 and a surge in volume would be a strong signal to go long, aiming for the recent high of 0.00140. Just make sure you have stop losses in place in case of sudden reversals. For Long-Term Investors: - Buy on Dips: If you're holding NEIRO for the long run, look to buy on any dips back to the 0.00110 support level. Accumulating at lower levels could set you up for a bigger upside if NEIRO continues its climb. - Hold Until Confirmation: If you already hold NEIRO, patience is key. Watch how the price reacts to the 99-period MA at 0.001185. A clean break above this could signal the start of the next bullish leg, but if the price struggles, consider waiting for a more solid breakout before adding to your position. Final Thoughts 💭 NEIRO is at a crucial juncture. The initial rally has paused, but it doesn’t mean the fun is over yet. The consolidation around 0.00118 suggests the market is waiting for a catalyst, whether it’s positive news, increased volume, or broader market trends. Short-term traders should watch the range and moving averages closely, while long-term investors may find buying opportunities if the price dips lower. What do you think? Will NEIRO break out again, or are we in for more consolidation? Let me know in the comments, and don’t forget to subscribe for more crypto insights and trading strategies! 📈 #NEIRO #CryptoTrading #Altcoins #DeFi #Binance

Neiro: Is It Setting Up for Another Rally? What Traders Should Know Before Jumping In

The world of crypto is filled with opportunities to ride explosive rallies, and NEIRO is looking like a potential candidate for just that. 🚀 After a strong breakout earlier today, it seems like the market is catching its breath. But should we expect NEIRO to surge again, or is it time to take profits and wait for the next setup? Let’s dig into the chart and see what the technicals are telling us.
Right now, NEIRO is trading just above 0.00118, following a sharp dip from its earlier high. This is where things get interesting: it’s not uncommon for an asset to pull back after a strong rally, but where it stabilizes gives us important clues about what comes next. We’ve seen a test of critical support levels, and the price is hovering near some key moving averages that could act as either support or resistance. But first, let's break it down.
NEIRO’s Chart: The Calm After the Storm?
NEIRO's 15-minute chart shows us the aftermath of an exciting rally. The coin saw a sharp upward movement that took it to a high near 0.00140, but the price has since retraced back to the 0.00118 level, where it’s consolidating. This consolidation could be a sign that the market is catching its breath before making the next move. The question is, which way will it go?

1. Moving Averages (MA):
- The 7-period moving average is currently sitting at 0.001160, just below the price, acting as immediate support. This is a good sign for short-term bulls, but the price needs to stay above this level for any continuation of upward momentum.
- The 25-period MA, located at 0.001234, is slightly higher and represents a more significant resistance level that the price would need to clear to resume its rally.
- The 99-period MA is resting at 0.001185, just above the current price, providing a strong indication of overhead resistance. NEIRO will need a solid push through this level to prove that the bulls are still in control.
2. MACD (Moving Average Convergence Divergence):
- The MACD is flashing some mixed signals right now. After an earlier bullish wave, the MACD line (blue) crossed below the signal line (orange), indicating potential bearish momentum. However, the histogram shows that the downward momentum is weakening, which could suggest a reversal soon.
- If we see the MACD line curve back up for a bullish crossover, that would be a signal for traders to jump back in, as it could spark another upward move.
3. Volume:
- Volume levels were extremely high during the initial rally, confirming the bullish breakout. However, since the retracement, volume has tapered off, suggesting that traders are waiting on the sidelines for the next big move. Keep an eye on volume — if it starts to spike again, it could be the trigger for NEIRO to break through resistance.
Key Support and Resistance Levels 🔑
- Support: Immediate support is found near 0.001160, right where the 7-period MA is currently holding. If this level fails, the next key support will likely be around 0.001100, where the price consolidated before the rally.

- Resistance: The first major hurdle on the way up is the 99-period MA at 0.001185, which NEIRO is currently flirting with. If the price can break and hold above this level, the next significant resistance is around 0.001234, where the 25-period MA sits. Beyond that, the high of 0.00140 becomes the main target for bulls to reclaim.
What’s Influencing NEIRO’s Price? đŸ€”
NEIRO is relatively new on the scene, but it's already gaining traction, especially after its recent listing on Binance, which naturally brought a surge of interest and volume. Given that NEIRO runs on Ethereum and is part of the broader DeFi movement, any positive news or developments in the DeFi space could act as a tailwind. However, just like other altcoins, NEIRO is still heavily influenced by market sentiment and overall Bitcoin price action. If BTC remains stable or bullish, it’s likely that NEIRO could see more upside potential as traders rotate back into altcoins.
But here’s the thing: this isn’t a set-it-and-forget-it investment. NEIRO's price action will likely remain volatile in the near term, meaning that both traders and long-term holders need to stay on their toes and react quickly to market movements.
Trading Strategies: What Should You Do Now?
Now that we have a better picture of NEIRO’s current setup, let's talk strategy. Whether you're a short-term trader or a long-term investor, here’s what you need to consider:
For Short-Term Traders:
- Range Trading: If you're into scalping, keep an eye on the 0.001160 - 0.001234 range. Buying near the 7-period MA support around 0.001160 and selling near resistance at 0.001234 can offer quick profits in this sideways market.
- Breakout Play: A breakout above 0.001234 and a surge in volume would be a strong signal to go long, aiming for the recent high of 0.00140. Just make sure you have stop losses in place in case of sudden reversals.
For Long-Term Investors:
- Buy on Dips: If you're holding NEIRO for the long run, look to buy on any dips back to the 0.00110 support level. Accumulating at lower levels could set you up for a bigger upside if NEIRO continues its climb.
- Hold Until Confirmation: If you already hold NEIRO, patience is key. Watch how the price reacts to the 99-period MA at 0.001185. A clean break above this could signal the start of the next bullish leg, but if the price struggles, consider waiting for a more solid breakout before adding to your position.
Final Thoughts 💭
NEIRO is at a crucial juncture. The initial rally has paused, but it doesn’t mean the fun is over yet. The consolidation around 0.00118 suggests the market is waiting for a catalyst, whether it’s positive news, increased volume, or broader market trends. Short-term traders should watch the range and moving averages closely, while long-term investors may find buying opportunities if the price dips lower.
What do you think? Will NEIRO break out again, or are we in for more consolidation? Let me know in the comments, and don’t forget to subscribe for more crypto insights and trading strategies! 📈
#NEIRO #CryptoTrading #Altcoins #DeFi #Binance
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Unveiling the Truth Behind Hamster Kombat Earnings: Here’s the Reality:A bizarre rumor has been floating around, claiming that if you earn a jaw-dropping $500,000 per hour (PPH) in Hamster Kombat, you'd only take home a mere $20. Let’s clear up this far-fetched myth. Here’s the Reality: Hamster Kombat is completely fictional. There is no actual "Hamster Kombat" game where players can accumulate such massive profits per hour. This wild idea likely stems from a humorous story or a misunderstanding of a different game. The concept of "profit per hour" (PPH) is a common term used to measure potential earnings in many industries, including gaming and investments. However, the idea of making $500,000 PPH in any game is far from realistic. Real-world economics still come into play. Even if such a game existed, things like inflation, taxes, and the game’s internal economic balance would drastically reduce any astronomical earnings. Key Takeaway: While the thought of earning hundreds of thousands in a fictional game is amusing, it’s important to stay practical. If you’re seeking ways to increase your income, consider real-world opportunities such as investing, launching a business, or enhancing your skills. Bottom line: There’s no magical hamster combat game that will make you a fortune overnight. Keep your expectations grounded! #BinanceLaunchpoolHMSTR #Hamstercombo #HamsterTapTap #BTCReboundsAfterFOMC #FTXSolanaRedemption

Unveiling the Truth Behind Hamster Kombat Earnings: Here’s the Reality:

A bizarre rumor has been floating around, claiming that if you earn a jaw-dropping $500,000 per hour (PPH) in Hamster Kombat, you'd only take home a mere $20. Let’s clear up this far-fetched myth.

Here’s the Reality:

Hamster Kombat is completely fictional. There is no actual "Hamster Kombat" game where players can accumulate such massive profits per hour. This wild idea likely stems from a humorous story or a misunderstanding of a different game.

The concept of "profit per hour" (PPH) is a common term used to measure potential earnings in many industries, including gaming and investments. However, the idea of making $500,000 PPH in any game is far from realistic.

Real-world economics still come into play. Even if such a game existed, things like inflation, taxes, and the game’s internal economic balance would drastically reduce any astronomical earnings.

Key Takeaway: While the thought of earning hundreds of thousands in a fictional game is amusing, it’s important to stay practical. If you’re seeking ways to increase your income, consider real-world opportunities such as investing, launching a business, or enhancing your skills.

Bottom line: There’s no magical hamster combat game that will make you a fortune overnight. Keep your expectations grounded!

#BinanceLaunchpoolHMSTR #Hamstercombo #HamsterTapTap #BTCReboundsAfterFOMC #FTXSolanaRedemption
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Airdrop Betrayal: Why Do Players Lose With Kombat Hamster?First, each participant is supposed to get at least 10,000+ Hamster coins, especially with the 60 billion Airdrop size. But what's happening here is just a lie made up by the Kombat Hamster team. They didn't explain to people why some "cheaters" were banned while others were left to get the rewards without being banned ❌. Key points: 1. The team claimed to have banned 2.3 million people who used scripts or multiple accounts đŸ“”. But only accounts that were logging in at the same time every day were banned. 2. People who referred and were found to be cheaters were also banned. 3. They said that there were 400 accounts that linked to Binance on one account and were banned. 4. Someone who referred 2,000 people and was caught by their anti-cheat and was banned. Big questions: What about the cheaters who exploited keys and took 600+ keys illegally? 🔑 Why were they allowed to get the Airdrop even though they were cheaters? 😠 The Kombat Hamster team says that 60% of people were banned, but in the end only 131 players got the Airdrop, whether they were playing the game or not 🎼❓. Unfair distribution: People with over 50,000 referrals who didn't play the game for 6 months got the Airdrop! While the team didn't think about this point, they gave the first content creators and promoters huge rewards 🎁. We, who played the game for 6 months, got small rewards of no more than $10 or $30 💾, while the content creators and promoters got $20,000 or more! Compared to other teams: Dogs and Citizen at least gave rewards even to cheaters, unlike Kombat Hamster who gave the worst Airdrop ever 👎. Those with over 1000 referrals got the rewards they deserved, while the rest got little or nothing at all 😔. Market and conditions: Bear Market prices are no more than $0.01 on some exchanges, which means the price of the coin will be very bad 💔. DOGS and NOT teams were more generous compared to Hamster, which was abnormally bad ❗. Compensation for losses: If you want to compensate for what you lost, participate in the Binance Moonbix Airdrop to compensate for what you lost, and get a 1000 point registration bonus from my link now! Don't miss the offer 🎉. Binance Moonbix Airdrop Link: https://goo.by/hBSQuL The end: Why didn't the team move for a better distribution? In the end, I want to know your opinion. Are you satisfied with the rewards or not? đŸ€”

Airdrop Betrayal: Why Do Players Lose With Kombat Hamster?

First, each participant is supposed to get at least 10,000+ Hamster coins, especially with the 60 billion Airdrop size. But what's happening here is just a lie made up by the Kombat Hamster team. They didn't explain to people why some "cheaters" were banned while others were left to get the rewards without being banned ❌.

Key points:

1. The team claimed to have banned 2.3 million people who used scripts or multiple accounts đŸ“”. But only accounts that were logging in at the same time every day were banned.

2. People who referred and were found to be cheaters were also banned.

3. They said that there were 400 accounts that linked to Binance on one account and were banned.

4. Someone who referred 2,000 people and was caught by their anti-cheat and was banned.

Big questions:

What about the cheaters who exploited keys and took 600+ keys illegally? 🔑 Why were they allowed to get the Airdrop even though they were cheaters? 😠

The Kombat Hamster team says that 60% of people were banned, but in the end only 131 players got the Airdrop, whether they were playing the game or not 🎼❓.

Unfair distribution:

People with over 50,000 referrals who didn't play the game for 6 months got the Airdrop! While the team didn't think about this point, they gave the first content creators and promoters huge rewards 🎁.

We, who played the game for 6 months, got small rewards of no more than $10 or $30 💾, while the content creators and promoters got $20,000 or more!

Compared to other teams:

Dogs and Citizen at least gave rewards even to cheaters, unlike Kombat Hamster who gave the worst Airdrop ever 👎.

Those with over 1000 referrals got the rewards they deserved, while the rest got little or nothing at all 😔.

Market and conditions:

Bear Market prices are no more than $0.01 on some exchanges, which means the price of the coin will be very bad 💔.

DOGS and NOT teams were more generous compared to Hamster, which was abnormally bad ❗.

Compensation for losses:

If you want to compensate for what you lost, participate in the Binance Moonbix Airdrop to compensate for what you lost, and get a 1000 point registration bonus from my link now! Don't miss the offer 🎉.
Binance Moonbix Airdrop Link: https://goo.by/hBSQuL

The end:

Why didn't the team move for a better distribution? In the end, I want to know your opinion. Are you satisfied with the rewards or not? đŸ€”
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Catizen ($CATI) Coin Price Down 14% — Can It Bounce Back?The price of Catizen ($CATI) coin has dropped 14% over the last 24 hours, currently trading at $0.7596. This downturn occurred alongside a 20% decrease in trading volume, which fell to $318 million. CATI’s performance, much like other meme coins such as DOGS, has struggled to maintain positive momentum post-launch. Bearish Momentum with Signs of Recovery? Since launching on September 20, Catizen coin has followed a consistent downtrend, trading within a falling wedge pattern. The token’s price has moved from a high of $1.2 to its current support level of $0.73. Catizen Price Chart Analysis Source: GeckoTerminal.com CATI is also trading below its 50-day Simple Moving Average (SMA) of $0.8567, further showing the bearish sentiment. Additionally, a descending triangle pattern is forming on CATI’s price chart. It is a bearish indicator where the price is compressed between a flat support line around $0.73 and a declining resistance line. Decending triangle formed in CATI token price chart. Source: TradingView A breakdown below the $0.73 level could trigger a deeper drop, with $0.65 acting as a new support floor. However, if the price breaks above the descending resistance line, this could invalidate the bearish pattern and push the price higher. RSI Signals a Potential Bounce Another key indicator to watch is the Relative Strength Index (RSI), which currently sits at 42.02. This places CATI in neutral territory, having bounced back from oversold levels. A reading below 30 would indicate that the asset is oversold, but current RSI suggests that buying pressure is starting to increase. This could signal a potential price reversal if momentum continues to build. While the RSI is not yet in overbought territory (typically above 70), its upward movement could attract more bullish investors if it continues to rise. This could increase the likelihood of a price breakout. Can CATI Price Stage a Comeback? Despite the prevailing bearish signals, there is still potential for CATI to bounce back. The oversold RSI suggests that the token is undervalued, and if bullish investors take this as a buying opportunity, Catizen coin could rally toward previous highs. The key level to watch is the resistance zone between $0.77 and $0.80. Breaking above this number would invalidate the current descending triangle pattern and could trigger a more sustained upward move toward $1.2. Notably, the risk of a further drop remains there, with $0.73 being a crucial support level. If it fails, Catizen price could drop to $0.65, and continued bearish pressure could see the token face an even steeper decline. The post Catizen ($CATI) Coin Price Down 14% — Can It Bounce Back? appeared first on CoinChapter.

Catizen ($CATI) Coin Price Down 14% — Can It Bounce Back?

The price of Catizen ($CATI) coin has dropped 14% over the last 24 hours, currently trading at $0.7596. This downturn occurred alongside a 20% decrease in trading volume, which fell to $318 million. CATI’s performance, much like other meme coins such as DOGS, has struggled to maintain positive momentum post-launch.

Bearish Momentum with Signs of Recovery?

Since launching on September 20, Catizen coin has followed a consistent downtrend, trading within a falling wedge pattern. The token’s price has moved from a high of $1.2 to its current support level of $0.73.

Catizen Price Chart Analysis Source: GeckoTerminal.com

CATI is also trading below its 50-day Simple Moving Average (SMA) of $0.8567, further showing the bearish sentiment.

Additionally, a descending triangle pattern is forming on CATI’s price chart. It is a bearish indicator where the price is compressed between a flat support line around $0.73 and a declining resistance line.

Decending triangle formed in CATI token price chart. Source: TradingView

A breakdown below the $0.73 level could trigger a deeper drop, with $0.65 acting as a new support floor. However, if the price breaks above the descending resistance line, this could invalidate the bearish pattern and push the price higher.

RSI Signals a Potential Bounce

Another key indicator to watch is the Relative Strength Index (RSI), which currently sits at 42.02. This places CATI in neutral territory, having bounced back from oversold levels. A reading below 30 would indicate that the asset is oversold, but current RSI suggests that buying pressure is starting to increase. This could signal a potential price reversal if momentum continues to build.

While the RSI is not yet in overbought territory (typically above 70), its upward movement could attract more bullish investors if it continues to rise. This could increase the likelihood of a price breakout.

Can CATI Price Stage a Comeback?

Despite the prevailing bearish signals, there is still potential for CATI to bounce back. The oversold RSI suggests that the token is undervalued, and if bullish investors take this as a buying opportunity, Catizen coin could rally toward previous highs. The key level to watch is the resistance zone between $0.77 and $0.80. Breaking above this number would invalidate the current descending triangle pattern and could trigger a more sustained upward move toward $1.2.

Notably, the risk of a further drop remains there, with $0.73 being a crucial support level. If it fails, Catizen price could drop to $0.65, and continued bearish pressure could see the token face an even steeper decline.

The post Catizen ($CATI) Coin Price Down 14% — Can It Bounce Back? appeared first on CoinChapter.
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Hamster Kombat Announces Details of Airdrop, 2.3M Accounts Banned for CheatingHamster Kombat’s first season has officially wrapped up. Since its launch in March 2024, it has drawn in over 300 million users. A massive 131 million players qualified for the September 26 airdrop, with 60% of the allocation distributed immediately. 60 Billion Tokens up for Distribution The Hamster Kombat team made the announcement in a September 22 post on X. They said that 75 billion of the 100 billion HMSTR tokens available had been reserved for the community. Of that number, 60 billion will become available for distribution after the end of Season 1 of the game, with users receiving slightly more than 53 billion tokens during the airdrop. According to the post, the team will vest the remaining 6.75 billion tokens and unlock them ten months after HMSTR is listed. Furthermore, the team noted that it would airdrop the other 15% that made up the community allocation during the game’s Season 2. While the airdrop is slated for September 26, it was noted that more than 30 million users have not picked a method for withdrawing their tokens. However, such players were assured that they could still claim the allocations. Users Raise Questions Over Disqualifications In the aftermath of Hamster Kombat’s announcement, several users have expressed displeasure at how the season ended. One of the biggest points of contention revolves around the Telegram-based clicker game’s statement that it had disqualified about 2.3 million players for suspected cheating. While the post did not explain the mechanism used to check out those suspected of gaming the system, it caught many active participants off guard, including players who claim to have invested months farming keys and accumulating rewards. Several such users took to social media following the announcement, expressing their dismay over what they described as a harsh penalty. Web3 analyst Crypto Pioneer questioned why the sole criteria for excluding active users was a “key-generating bot.” The detractor claimed that although many accounts had been warned, they were not permanently banned. Many of them reportedly received a “Cheating is Bad” achievement badge, with no information on its implications for the final token issuance. Others, like crypto educator Crypto with Khan, argued that while regular players toiled building their Point Per Hour (PPH) metric, token distribution was heavily skewed toward referrals and influencers. By the time of going to press, Hamster Kombat had not responded to any of the accusations made against it. The game is currently in an “Interlude Season.” This phase allows players to earn additional rewards, particularly diamonds, which will reportedly play a major role in the game’s next phase. While HMSTR is still unlisted, it has a futures contract that was trading on OKX at $0.009279 at the time of writing. The price represents a nearly 95% plunge across one month, with the contract selling for as high as $0.010 at one point. The post Hamster Kombat Announces Details of Airdrop, 2.3M Accounts Banned for Cheating appeared first on CryptoPotato.

Hamster Kombat Announces Details of Airdrop, 2.3M Accounts Banned for Cheating

Hamster Kombat’s first season has officially wrapped up. Since its launch in March 2024, it has drawn in over 300 million users.

A massive 131 million players qualified for the September 26 airdrop, with 60% of the allocation distributed immediately.

60 Billion Tokens up for Distribution

The Hamster Kombat team made the announcement in a September 22 post on X. They said that 75 billion of the 100 billion HMSTR tokens available had been reserved for the community.

Of that number, 60 billion will become available for distribution after the end of Season 1 of the game, with users receiving slightly more than 53 billion tokens during the airdrop.

According to the post, the team will vest the remaining 6.75 billion tokens and unlock them ten months after HMSTR is listed. Furthermore, the team noted that it would airdrop the other 15% that made up the community allocation during the game’s Season 2.

While the airdrop is slated for September 26, it was noted that more than 30 million users have not picked a method for withdrawing their tokens. However, such players were assured that they could still claim the allocations.

Users Raise Questions Over Disqualifications

In the aftermath of Hamster Kombat’s announcement, several users have expressed displeasure at how the season ended. One of the biggest points of contention revolves around the Telegram-based clicker game’s statement that it had disqualified about 2.3 million players for suspected cheating.

While the post did not explain the mechanism used to check out those suspected of gaming the system, it caught many active participants off guard, including players who claim to have invested months farming keys and accumulating rewards.

Several such users took to social media following the announcement, expressing their dismay over what they described as a harsh penalty. Web3 analyst Crypto Pioneer questioned why the sole criteria for excluding active users was a “key-generating bot.”

The detractor claimed that although many accounts had been warned, they were not permanently banned. Many of them reportedly received a “Cheating is Bad” achievement badge, with no information on its implications for the final token issuance.

Others, like crypto educator Crypto with Khan, argued that while regular players toiled building their Point Per Hour (PPH) metric, token distribution was heavily skewed toward referrals and influencers.

By the time of going to press, Hamster Kombat had not responded to any of the accusations made against it. The game is currently in an “Interlude Season.” This phase allows players to earn additional rewards, particularly diamonds, which will reportedly play a major role in the game’s next phase.

While HMSTR is still unlisted, it has a futures contract that was trading on OKX at $0.009279 at the time of writing. The price represents a nearly 95% plunge across one month, with the contract selling for as high as $0.010 at one point.

The post Hamster Kombat Announces Details of Airdrop, 2.3M Accounts Banned for Cheating appeared first on CryptoPotato.
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