What you need to know as #ApeCoin gears up for another token unlock

According to Token Unlock, the event will see 15.6 million #Ape tokens, worth an estimated $20.28 million, released to the ecosystem. 

Information from the data provider showed that the unlock distribution would include the release of 2.2 million $APE to #yugalabs founders, 278,000 to charity, 7.34 million to the project’s treasury, 4.17 million to Yuga Labs, and a cumulative 1.5 million APE to all launch contributors. 

APE continues to maintain #bullish stance-

At its current value, APE exchanged hands at a price mark last observed on 8 September.
Thanks to the general market growth in the last month, APE’s price rallied by 20% between 2 and 29 October, after which it peaked at $1.4. At $1.36 at the time of writing, APE’s value has since dropped by 3%.

According to readings observed from the token’s price movements on the daily chart, the bullish sentiment that has overwhelmed the market in the last month pushed APE’s Chaikin Money Flow (#CMF ) to a 10-month high. 

Cardano faces a tough battle against declining prices despite a surge in DEX activity. While daily DEX volume topped 23 million ADA, the TVL has plummeted to $230 million, suggesting waning interest in dApps and NFTs.

ADA's price has been bearish, hitting $0.4489 with a potential reversal if it breaks below $0.512. Technical indicators like #RSI and #CMF point towards negative momentum and declining investment in $ADA .
#Dex #ADABullish

🔥🔥🔥 #ElSalvador's Bitcoin Bonds Approved, Launch Expected in Early 2024 🔥🔥🔥

El Salvador has received regulatory approval for its highly anticipated Bitcoin bonds, paving the way for a launch in early 2024. This move represents a significant advancement in the country's adoption of Bitcoin as legal tender & could have far-reaching implications for the cryptocurrency world.

Key Points:

1. Regulatory Approval: El Salvador's Financial Market Commission (#CMF ) has granted the necessary approvals for the Bitcoin bonds.

2. Early 2024 Launch: The bonds are expected to launch in the first quarter of 2024.

3. $1 Billion Offering: The initial offering will be for $1 billion, with half allocated for buying Bitcoin & the remaining half for infrastructure projects.

4. 6.5% Coupon Rate: The bonds will offer a 6.5% annual coupon rate, making them potentially attractive to investors.

5. Tokenized on the Liquid Network: The bonds will be issued as tokenized securities on the Liquid Network, a sidechain of Bitcoin.

6. Potential Impact: The success of these bonds could further legitimize Bitcoin & encourage other countries to consider similar initiatives.

Potential benefits of the Bitcoin bonds include:

- Increased investment: Attracting new capital into El Salvador's economy.

- Reduced borrowing costs: Potentially achieving lower interest rates than traditional bonds.

- Enhanced financial inclusion: Providing a new investment opportunity for citizens.

- Boosting Bitcoin adoption: Encouraging wider acceptance & use of Bitcoin globally.

However, there are also potential risks to consider:

- Volatility: Bitcoin's price volatility could impact the value of the bonds.

- Regulatory uncertainties: Evolving regulations surrounding cryptocurrency could pose challenges.

- #cybersecurity threats: The bonds' dependence on blockchain technology necessitates robust security measures.

El Salvador's Bitcoin bonds experiment is closely monitored globally. The outcome may shape Bitcoin's future and global adoption.

#CryptoNews🔒📰🚫 #BinanceSquareBTC $BTC

CMF Phone 1 sold more than 100,000 units in less than 3 hours! 📱

Known for its transparent design phones, Nothing recently introduced the first phone model of its sub-brand CMF, the CMF Phone 1. Despite its price of only $200, this phone offers impressive features like a Dimensity 7300 processor and 8GB of RAM, breaking a record by selling 100,000 units within the first 3 hours of its release.

📍Price-Performance Beast: CMF Phone 1

The CMF Phone 1, launched in the European and Asian markets, quickly garnered significant interest. The device, starting at $191 for the 6GB/128GB version, goes up to $306 for the top-tier model with 8GB/256GB. It features a 6.67-inch Super AMOLED display with Full HD+ resolution and a 120Hz refresh rate. Additionally, it has a 50 MP main camera and a 2 MP depth sensor on the rear.

📍Power and Durability Combined

Powered by the MediaTek Dimensity 7300 processor, the CMF Phone 1 offers long-lasting usage with its 5000 mAh battery and 33W fast charging support. These features make the device stand out in the price-performance category. The CMF Phone 1 is an attractive option for tech enthusiasts and those seeking a budget-friendly phone.

#CMF #CMFphone1 #Smartphone

Ethereum Approaches the $3,200 Level! Is There a Bull Season Ahead?

ETH is heading towards breaking a long-term resistance level. If this move is successful, the leading altcoin will rise towards the $3,200 price level. Currently, ETH is trying to break above the resistance and the bulls are supporting this uptrend with a series of signs spotted on the daily chart. Altcoin Ethereum (ETH) is poised to break above the upper line of its descending channel, indicating a decrease in selling pressure.

Currently at $3,140, ​​the value of the coin has increased by almost 10% in the past week. This growth reflects the rise in the overall crypto market over the past seven days. The total value of the global cryptocurrency market increased by 9% during this period.

When the price of an asset continues to make lower highs and lower lows, a descending channel is formed, indicating a broad downtrend. #ETH started trending within this channel on March 12, causing its price to drop by 20% since then.

The market has witnessed a surge in new liquidity inflows as the cryptocurrency moves towards the upper line of the channel, which has formed a resistance level since March. Confirming this was ETH's Chaikin Money Flow, which recently broke above the zero line and is in an uptrend at the time of writing. This indicator measures the flow of money into and out of the coin market.

When an asset's #CMF rises like this, it indicates that there is more buying pressure than selling pressure in the market. This is usually because the asset's price makes new highs due to an increase in trading volume. According to data from Santiment, ETH's daily trading volume increased by 40% in the last seven days.
$BTC $ETH $BNB