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Shiba Inu Price Prediction as SHIB Falls 4.6% Overnight – Time to Buy the Dip?
SHIB has dropped by 5% in the past 24 hours, with the Shiba Inu price slipping to $0.00001769 as the wider crypto market takes a 3.5% hit today.
The meme token is now also down by 18.5% in the past week and by 32% in the last 30 days, although it holds onto a 140% increase in the past year.
Given that SHIB hasn’t taken a lot of punishment in recent weeks, it’s now in a good position to rebound in the near future.
Indeed, transfer data suggests that whales have begun accumulating the coin again, taking advantage of its discounted price.
Shiba Inu Price Falls 4.6% Overnight – Time to Buy the Dip?
SHIB looks pretty weak right now, but the implication of this is that it can take only so many losses before its reduced price begins to entice buyers all over again.
Its indicators would also suggest that it’s due a rebound very soon, with its relative strength index (purple) bouncing from a low of 30 earlier this morning,.
Source: TradingView
Likewise, SHIB’s 30-day moving average (orange) continues to fall below the 200-day average (blue), nearing a point when it has to bottom out and bring the coin back up.
One negative feature of Shiba Inu’s chart is that its resistance (red) and support (green) levels continue to decline in parallel, indicating an ongoing downtrend.
As noted above, there’s some indication that large traders are already beginning to come to SHIB’s aid.
This signals a growing belief that the Shiba Inu price is getting closer to a rebound, with market factors and fundamentals pointing to such a scenario.
On the market side, pretty much all major coins have taken enough pain in the past few weeks, with the incoming launch of Ethereum ETFs likely to boost demand across the board.
Inflation has also been falling in numerous major economies, raising the likelihood of rate cuts in the next couple of months.
In turn, this will drive money into markets, including the crypto market.
As for SHIB itself, it still boasts some of the strongest fundamentals of any meme token.
It has a number of updates and launches planned for the next 12 months, including the launch of its own layer-three network.
Taken together, such developments should boost the usage of SHIB, which in turn will push the Shiba Inu price higher.
It could reach $0.000025 in the next few weeks and $0.000050 by Q4.
#shib #shiba #meme #binance #tradinginsight
The meme token is now also down by 18.5% in the past week and by 32% in the last 30 days, although it holds onto a 140% increase in the past year.
Given that SHIB hasn’t taken a lot of punishment in recent weeks, it’s now in a good position to rebound in the near future.
Indeed, transfer data suggests that whales have begun accumulating the coin again, taking advantage of its discounted price.
Shiba Inu Price Falls 4.6% Overnight – Time to Buy the Dip?
SHIB looks pretty weak right now, but the implication of this is that it can take only so many losses before its reduced price begins to entice buyers all over again.
Its indicators would also suggest that it’s due a rebound very soon, with its relative strength index (purple) bouncing from a low of 30 earlier this morning,.
Source: TradingView
Likewise, SHIB’s 30-day moving average (orange) continues to fall below the 200-day average (blue), nearing a point when it has to bottom out and bring the coin back up.
One negative feature of Shiba Inu’s chart is that its resistance (red) and support (green) levels continue to decline in parallel, indicating an ongoing downtrend.
As noted above, there’s some indication that large traders are already beginning to come to SHIB’s aid.
This signals a growing belief that the Shiba Inu price is getting closer to a rebound, with market factors and fundamentals pointing to such a scenario.
On the market side, pretty much all major coins have taken enough pain in the past few weeks, with the incoming launch of Ethereum ETFs likely to boost demand across the board.
Inflation has also been falling in numerous major economies, raising the likelihood of rate cuts in the next couple of months.
In turn, this will drive money into markets, including the crypto market.
As for SHIB itself, it still boasts some of the strongest fundamentals of any meme token.
It has a number of updates and launches planned for the next 12 months, including the launch of its own layer-three network.
Taken together, such developments should boost the usage of SHIB, which in turn will push the Shiba Inu price higher.
It could reach $0.000025 in the next few weeks and $0.000050 by Q4.
#shib #shiba #meme #binance #tradinginsight
Bitcoin#hotTrends $BTC $BNB $SOL
RSI is approaching its highest level since 2021 What will happen first? Pump to $100k or a major correction!
#tradinginsight #BinanceSqaure #memecoin
RSI is approaching its highest level since 2021 What will happen first? Pump to $100k or a major correction!
#tradinginsight #BinanceSqaure #memecoin
We see an exponential growth curve of the #Altcoins market cap (y = 1E-49e^0.0031x).
After BTC halving, we usually observe an exponential, parabolic uptrend intersecting and overshooting the trendline.
We believe this will be the case this time soon, leading to a peak valuation of > 15 Bn USD.
Altseason has not started yet and the parabolic leg could start soon. $BTC $BNB $SOL
#binance #BTChaving2024 #tradinginsight
After BTC halving, we usually observe an exponential, parabolic uptrend intersecting and overshooting the trendline.
We believe this will be the case this time soon, leading to a peak valuation of > 15 Bn USD.
Altseason has not started yet and the parabolic leg could start soon. $BTC $BNB $SOL
#binance #BTChaving2024 #tradinginsight
Elon Musk Had Started Shilling $DOGE Every big altseason starts with a DOGE pump Be prepared for 100x altseason...
$BTC $BNB $SOL #hotTrends #memecoin #tradinginsight #DOGE
$BTC $BNB $SOL #hotTrends #memecoin #tradinginsight #DOGE
📶UPDATE $ARB on December 17
+ On December 16th $ARB had a mild FUD because the Arbitrum network had high traffic.
+Analyzing chart D, last week the price tried to go up from $1.3 but stopped at the old peak of $1.25, there is a high possibility that the fish will shake off the goods so they can collect more and give it away.
➡️ We can see that when measuring with Fibo, there are 2 areas that we expect to have a high probability of falling: the 0.5 and 0.618 Fibo areas, which can go down and shorten up, creating a higher bottom than the previous bottom. You can also not withdraw letters to retailers you have lost trust in to get rid of the goods and then MM will give them to you.
➡️ But I'm still confident that the more I go down, the more I collect, what do you think?
#BinanceSquareInsight #BinanceResignation #BinanceSquare #Arbitrum #tradinginsight
+ On December 16th $ARB had a mild FUD because the Arbitrum network had high traffic.
+Analyzing chart D, last week the price tried to go up from $1.3 but stopped at the old peak of $1.25, there is a high possibility that the fish will shake off the goods so they can collect more and give it away.
➡️ We can see that when measuring with Fibo, there are 2 areas that we expect to have a high probability of falling: the 0.5 and 0.618 Fibo areas, which can go down and shorten up, creating a higher bottom than the previous bottom. You can also not withdraw letters to retailers you have lost trust in to get rid of the goods and then MM will give them to you.
➡️ But I'm still confident that the more I go down, the more I collect, what do you think?
#BinanceSquareInsight #BinanceResignation #BinanceSquare #Arbitrum #tradinginsight
This #crypto wallet went from $3,864 to 3 million!
Let's explore how
➮ Whale's Biggest Holding is $MEME . ☩ With over 76% of his capital allocated, making him one of the top 20 holders. ☩ He started accumulating the asset in November & isn't in a hurry to press "Sell". ☩ Profit and Loss: +$368,864.76
➮ Second Huge profit came from $CGPT on BSC network ☩ He accumulated the coin by making purchases hundreds of times but in small parts. ☩ This strategy is used to keep Large whales unnoticed. ☩ Profit and Loss: +$275,675.97
➮ He scored a major profit with $MKR . ☩ In just 18 days, he raked in a substantial amount of cash. ☩ From buying on September 12th to selling on October 3rd, it was one of his quickest wins. ☩ Profit and Loss: +$266,928.54
➮ Thousands of people are making millions of dollars of Crypto every day ☩ Simply following 1% club, you'll swiftly become a part of it. ☩ Stay with me, I will present every club member to you. ☩ His address: 0x4322fd98f95a219d2aae2bba6664e3574b4c3708
#meme #binance #btc #tradinginsight #onchain
➮ Whale's Biggest Holding is $MEME . ☩ With over 76% of his capital allocated, making him one of the top 20 holders. ☩ He started accumulating the asset in November & isn't in a hurry to press "Sell". ☩ Profit and Loss: +$368,864.76
➮ Second Huge profit came from $CGPT on BSC network ☩ He accumulated the coin by making purchases hundreds of times but in small parts. ☩ This strategy is used to keep Large whales unnoticed. ☩ Profit and Loss: +$275,675.97
➮ He scored a major profit with $MKR . ☩ In just 18 days, he raked in a substantial amount of cash. ☩ From buying on September 12th to selling on October 3rd, it was one of his quickest wins. ☩ Profit and Loss: +$266,928.54
➮ Thousands of people are making millions of dollars of Crypto every day ☩ Simply following 1% club, you'll swiftly become a part of it. ☩ Stay with me, I will present every club member to you. ☩ His address: 0x4322fd98f95a219d2aae2bba6664e3574b4c3708
#meme #binance #btc #tradinginsight #onchain
📢$BTC updated on December 17, 2023:
1. Update $BTC :
- $BTC frames the day as a short body candle, continuing to show balance. Short-term trend of reduced preferred usage.
- H4 frame price has broken the trend line. However, the breakout signal was not supported when the RSI was 47. It is very possible that this breakout was a false breakout and the price continued to move down, trending down.
- The daily bullish frame remains supported in the medium and long term. However, in the short term, the bears are supported, the price may correct around 40k7 - 41k6.
General conclusion:
With the current situation, BTC may have a downward trend to the 40k7 - 41k6 zone. But BTC.D also tends to support the bears, although not strongly, so altcoins are not affected much. Minimize the decrease amplitude of BTC which is not strong yet, many good altcoins with beautiful charts are even increasing.
#BinanceSquareInsight #BinanceSquareBTC #tradinginsight #BTC🔥🔥
1. Update $BTC :
- $BTC frames the day as a short body candle, continuing to show balance. Short-term trend of reduced preferred usage.
- H4 frame price has broken the trend line. However, the breakout signal was not supported when the RSI was 47. It is very possible that this breakout was a false breakout and the price continued to move down, trending down.
- The daily bullish frame remains supported in the medium and long term. However, in the short term, the bears are supported, the price may correct around 40k7 - 41k6.
General conclusion:
With the current situation, BTC may have a downward trend to the 40k7 - 41k6 zone. But BTC.D also tends to support the bears, although not strongly, so altcoins are not affected much. Minimize the decrease amplitude of BTC which is not strong yet, many good altcoins with beautiful charts are even increasing.
#BinanceSquareInsight #BinanceSquareBTC #tradinginsight #BTC🔥🔥
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Renzo (REZ)Renzo (REZ) - What are the highlights of 💸Binance's 53rd Launchpool💬 $BTC $SOL $BNB
_Renzo is an EigenLayer-based re-staking protocol that simplifies user re-staking and manages issues of operator selection and bonus strategies.
📌Some notable REZ points include:
🟢Renzo, built on Ethereum's EigenLayer, has shown impressive Total Value Locked (TVL) performance, attracting significant market capital.
🟢In response to concerns about "ETH re-staking", Renzo balances real-time returns and risks, creatively managing locked ETH liquidity after re-staking.
🟢Renzo has secured backing from prominent investors, including OKX Ventures and Binance Labs, cementing its position in the EigenLayer ecosystem.
❤️ Token Usecase: allows users to staking wETH tokens on L2s like Arbitrum. In the future, the project will continue to expand to new L2s, to provide users with a seamless and simple experience, helping users use ezETH to participate in protocols in DeFi such as providing liquidity , swap…
#binance #launchpool #tradinginsight
⭐️ Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
_Renzo is an EigenLayer-based re-staking protocol that simplifies user re-staking and manages issues of operator selection and bonus strategies.
📌Some notable REZ points include:
🟢Renzo, built on Ethereum's EigenLayer, has shown impressive Total Value Locked (TVL) performance, attracting significant market capital.
🟢In response to concerns about "ETH re-staking", Renzo balances real-time returns and risks, creatively managing locked ETH liquidity after re-staking.
🟢Renzo has secured backing from prominent investors, including OKX Ventures and Binance Labs, cementing its position in the EigenLayer ecosystem.
❤️ Token Usecase: allows users to staking wETH tokens on L2s like Arbitrum. In the future, the project will continue to expand to new L2s, to provide users with a seamless and simple experience, helping users use ezETH to participate in protocols in DeFi such as providing liquidity , swap…
#binance #launchpool #tradinginsight
⭐️ Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
Why is the cryptocurrency market bullish today (May 29)?
1. Total Market Cap (TOTALCAP):
TOTALCAP creates a bullish weekly candle.
Despite the bullish candle, the direction of the trend remains undetermined until TOTALCAP breaks through $1.17 trillion or breaks down to $1.03 trillion instead.
2. Bitcoin (BTC) Trades Below $29,800 Resistance Area
Similar to TOTALCAP, Bitcoin price created a bullish candle last week (green icon) ending the previous drop that started in April. However, BTC is still trading below the key resistance area at $29,800.
Whether BTC price breaks through the $29,800 level or gets rejected, the upcoming action will likely determine the future trend. In it, a breakout can lead to a rally towards $33,000 while a breakdown can lead to a sharp drop.
#tradinginsight #trend #bitcoin #btc
TOTALCAP creates a bullish weekly candle.
Despite the bullish candle, the direction of the trend remains undetermined until TOTALCAP breaks through $1.17 trillion or breaks down to $1.03 trillion instead.
2. Bitcoin (BTC) Trades Below $29,800 Resistance Area
Similar to TOTALCAP, Bitcoin price created a bullish candle last week (green icon) ending the previous drop that started in April. However, BTC is still trading below the key resistance area at $29,800.
Whether BTC price breaks through the $29,800 level or gets rejected, the upcoming action will likely determine the future trend. In it, a breakout can lead to a rally towards $33,000 while a breakdown can lead to a sharp drop.
#tradinginsight #trend #bitcoin #btc
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📉Predict the price of Renzo (REZ) token when listed 📈
✔️Total supply: 10,000,000,000 EZ .Launchpool token reward: 250,000,000 EZ (2.5% of total supply) .Total initial circulating supply: 1,050,000,000 EZ (10.5% of total supply)
🟢With a total of 2B points, the OTC point price is about $0.16/1 point.
➡️Conversion is 2B ez points/800M tokens= 2.5 ezpoints/1 $REZ. Then 1 $REZ is 0.38-0.4$
➡️The ratio is relatively equal compared to the price on OTC ezETH Point: 0.16 $ and $REZ: 0.38-0.4 $
🔗Based on the current and potential transaction data of the project, the OTC price of $REZ is currently around 0.4$, so it is very likely that the price will be around 350-400m$ cap equivalent to a price of about 0.25$-0.3 $/ 1 token.
⚠️Binance listed REZ token at 9:00 p.m. on April 30 with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY.
$BTC $BNB $SOL #binance #tradinginsight
⭐️ Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#binance #launchpool
✔️Total supply: 10,000,000,000 EZ .Launchpool token reward: 250,000,000 EZ (2.5% of total supply) .Total initial circulating supply: 1,050,000,000 EZ (10.5% of total supply)
🟢With a total of 2B points, the OTC point price is about $0.16/1 point.
➡️Conversion is 2B ez points/800M tokens= 2.5 ezpoints/1 $REZ. Then 1 $REZ is 0.38-0.4$
➡️The ratio is relatively equal compared to the price on OTC ezETH Point: 0.16 $ and $REZ: 0.38-0.4 $
🔗Based on the current and potential transaction data of the project, the OTC price of $REZ is currently around 0.4$, so it is very likely that the price will be around 350-400m$ cap equivalent to a price of about 0.25$-0.3 $/ 1 token.
⚠️Binance listed REZ token at 9:00 p.m. on April 30 with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY.
$BTC $BNB $SOL #binance #tradinginsight
⭐️ Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#binance #launchpool
SoonVerse Celestial Pass NFT Collection Review - Unlocking the Future of Web3 Investment
The SoonVerse Celestial Pass NFT collection is a groundbreaking initiative tailored exclusively for SOONDAO members, offering a unique opportunity to become stakeholders in the SoonVerse ecosystem. As the core assets of SoonVerse, the Celestial Pass represents more than just ownership; it opens the door to a plethora of long-term benefits, shaping the narrative of Web3 investment.
Key Features and Utilities:
Ownership and Governance: Acquiring the SoonVerse Celestial Pass not only means owning a piece of the project but also grants automatic membership to SOONDAO. This membership comes with governance rights, providing holders with a voice in the decision-making processes that will shape the future of the SoonVerse platform.Pro-Function Privileges: Celestial Pass holders enjoy priority access to upcoming features and functions within the SoonVerse ecosystem, ensuring they stay ahead in experiencing the latest innovations.Exclusive Launchpad Access: The Celestial Pass provides privileged entry to web3 games and metaverse projects launched on SoonVerse. From airdrops to whitelist allocations, holders receive priority benefits associated with early participation in projects incubated by SoonVerse.Ece-Airdrop Rewards: Holders stand a chance to earn substantial rewards through SoonVerse ecosystem projects. Airdrops of whitelist spots, NFTs, and tokens are exclusive to Celestial Pass holders, enhancing the overall value proposition.Hold to Earn with $SOON Token Airdrops: Celestial Pass holders are eligible for exclusive $SOON token airdrops, further bolstering the potential for passive income through their investment.
Mint Schedule and Distribution:
Total Supply: Limited to 3,600 Celestial Pass NFTs, with none reserved for the team.Freemint WL:Eligibility: 2,400 Celestial Pass Freemint slots available.Snapshot Period: Jan 1st — Mar 31st, 2024, with random daily snapshots.Mint Time: April 1, 2024, 10 AM UTC.Important Note: Holders with more $SOON in on-chain wallets during the snapshot period have a better chance of obtaining more WLs.Public Mint:Price: 0.2 Eth.Mint Time: April 1, 2024, 11 AM UTC.Mint Amount: Unlimited.
Investment Potential and Future Outlook:
The SoonVerse Celestial Pass NFT collection holds immense promise for investors seeking a foothold in the burgeoning Web3 landscape. With an emphasis on community governance, exclusive benefits, and strategic partnerships, owning a Celestial Pass positions investors at the forefront of the SoonVerse ecosystem's growth. The upcoming launch, coupled with the unique opportunities for early adopters, makes the Celestial Pass a compelling investment choice in the dynamic world of NFTs and decentralized platforms.
For more detailed information and regular updates, interested parties are encouraged to visit SoonVerse's official channels and follow their social media platforms.
🚀 About SoonVerse: SoonVerse stands as a pioneer in the integrated Web3 game and Metaverse accelerator and incubator space. Its mission revolves around seamlessly onboarding Web2 users into the immersive world of Web3, promising a transformative experience for investors and participants alike.
#web3 #binance #NFT #tradinginsight #Altcoin
Key Features and Utilities:
Ownership and Governance: Acquiring the SoonVerse Celestial Pass not only means owning a piece of the project but also grants automatic membership to SOONDAO. This membership comes with governance rights, providing holders with a voice in the decision-making processes that will shape the future of the SoonVerse platform.Pro-Function Privileges: Celestial Pass holders enjoy priority access to upcoming features and functions within the SoonVerse ecosystem, ensuring they stay ahead in experiencing the latest innovations.Exclusive Launchpad Access: The Celestial Pass provides privileged entry to web3 games and metaverse projects launched on SoonVerse. From airdrops to whitelist allocations, holders receive priority benefits associated with early participation in projects incubated by SoonVerse.Ece-Airdrop Rewards: Holders stand a chance to earn substantial rewards through SoonVerse ecosystem projects. Airdrops of whitelist spots, NFTs, and tokens are exclusive to Celestial Pass holders, enhancing the overall value proposition.Hold to Earn with $SOON Token Airdrops: Celestial Pass holders are eligible for exclusive $SOON token airdrops, further bolstering the potential for passive income through their investment.
Mint Schedule and Distribution:
Total Supply: Limited to 3,600 Celestial Pass NFTs, with none reserved for the team.Freemint WL:Eligibility: 2,400 Celestial Pass Freemint slots available.Snapshot Period: Jan 1st — Mar 31st, 2024, with random daily snapshots.Mint Time: April 1, 2024, 10 AM UTC.Important Note: Holders with more $SOON in on-chain wallets during the snapshot period have a better chance of obtaining more WLs.Public Mint:Price: 0.2 Eth.Mint Time: April 1, 2024, 11 AM UTC.Mint Amount: Unlimited.
Investment Potential and Future Outlook:
The SoonVerse Celestial Pass NFT collection holds immense promise for investors seeking a foothold in the burgeoning Web3 landscape. With an emphasis on community governance, exclusive benefits, and strategic partnerships, owning a Celestial Pass positions investors at the forefront of the SoonVerse ecosystem's growth. The upcoming launch, coupled with the unique opportunities for early adopters, makes the Celestial Pass a compelling investment choice in the dynamic world of NFTs and decentralized platforms.
For more detailed information and regular updates, interested parties are encouraged to visit SoonVerse's official channels and follow their social media platforms.
🚀 About SoonVerse: SoonVerse stands as a pioneer in the integrated Web3 game and Metaverse accelerator and incubator space. Its mission revolves around seamlessly onboarding Web2 users into the immersive world of Web3, promising a transformative experience for investors and participants alike.
#web3 #binance #NFT #tradinginsight #Altcoin
Everything You Need to Know About Floki and Pepe
Pepe is a digital coin based on the well-known “Pepe the frog” internet meme. It started in April 2023 and has a huge number of tokens. Pepe coin doesn’t really have any real-world value; it’s more about being fun and popular. It wants to be more famous than other similar coins, like Dogecoin and Floki. Pepe coin has a lot of fans who support it online.
Floki is another digital coin, named after Elon Musk’s dog. It began in July 2021 and has a large number of tokens too. Floki is known as Elon Musk’s favorite and helps animal charities and a gardening project started by Musk’s brother. Floki isn’t just for fun; it’s part of a bigger online system with games, art sales, finance services, and more. Floki also has many dedicated fans.
Pepe’s price is very small, and it’s worth about $307.53 million in total. Its price dropped by over 12% in a week and is considered bearish for 2024. Floki’s price is also small but a bit higher than Pepe’s, and it’s worth around $160.21 million. It’s ranked 146th in the industry in terms of crypto market cap. Floki’s price also went down by over 13% in a week’s time and analysts are also bearish on this meme coin.
Both have a limited number of tokens to keep it rare and a big group of fans who make art and videos to promote it.
But there are more downsides than the actual benefits of investing in them. First of all, they bring no real-world value and are just for fun. The prices can fluctuate drastically as they are more of Hype-driven coin offerings where people like Elon Musk can easily manipulate the prices with a few tweets. With cut throat competition from emerging coins, it’s very difficult for Floki and Pepe to sustain unless they bring something unique to their platform.
#pepe #binance #tradinginsight #trend
Ethereum Price Prediction as ETH Surpasses $3,000 Resistance – What’s the Next Target?
The Ethereum network is prospering
The world’s second-biggest cryptocurrency by market capitalization, Ethereum (ETH), is holding the fort above $3,000 after crossing this psychologically important threshold yesterday afternoon, according to data by CoinGecko.
Due to its high-functionality contracts, Ethereum is crypto’s most commercially successful blockchain.
If we go by total value locked (TVL), according to DefiLlama, the amount of money strapped into the network is currently an eye-watering $48 billion, up 50% from 30 days ago.
Ethereum’s biggest rival, market leader Bitcoin (BTC), is down more than 2% in the last 7 days. It fell 1% in the last 24 hours.
Binance’s BNB is the only other one of the ten biggest cryptocurrencies by market cap posting a rally today. BNB is up 10% in the last seven days and currently trades for $387.37.
A couple of other top projects are down bad, including Avalanche (AVAX), Cardano (ADA) and Solana (SOL). All of them have fallen more than 8% short of their prices this time last week.
Ethereum’s resilience to the broader market-wide pullback could be attributed to anticipation over spot Ethereum ETFs coming soon.
In January, the US Securities and Exchange Commission (SEC) approved ten different spot Bitcoin ETFs to begin trading on exchanges.
ETFs are regulated investment products that buy, store, and track the price of their underlying asset.
The Bitcoin ETF narrative was the main driver of crypto prices before and after the round of SEC approvals on January 10 this year.
The SEC has given companies applying for a US spot Ethereum ETF a deadline of May 23 this year.
Several in the industry believe that this is the date when the agency will make a round of approvals, based on historic precedent.
Glancing at the chart, Ethereum has been on a clear upward trend since January.
It’s currently trading a little under its 30-day moving average, represented by the blue line, and it has a Relative Strength Index (RSI) of 45, which indicates sober market activity.
Since mid-February, things have been looking a little bullish for ETH. Frequent shallow cup-and-handle patterns indicate bursts of buying followed by short periods of market consolidation.
#eth #btc #ethereum #tradinginsight #binance
The world’s second-biggest cryptocurrency by market capitalization, Ethereum (ETH), is holding the fort above $3,000 after crossing this psychologically important threshold yesterday afternoon, according to data by CoinGecko.
Due to its high-functionality contracts, Ethereum is crypto’s most commercially successful blockchain.
If we go by total value locked (TVL), according to DefiLlama, the amount of money strapped into the network is currently an eye-watering $48 billion, up 50% from 30 days ago.
Ethereum’s biggest rival, market leader Bitcoin (BTC), is down more than 2% in the last 7 days. It fell 1% in the last 24 hours.
Binance’s BNB is the only other one of the ten biggest cryptocurrencies by market cap posting a rally today. BNB is up 10% in the last seven days and currently trades for $387.37.
A couple of other top projects are down bad, including Avalanche (AVAX), Cardano (ADA) and Solana (SOL). All of them have fallen more than 8% short of their prices this time last week.
Ethereum’s resilience to the broader market-wide pullback could be attributed to anticipation over spot Ethereum ETFs coming soon.
In January, the US Securities and Exchange Commission (SEC) approved ten different spot Bitcoin ETFs to begin trading on exchanges.
ETFs are regulated investment products that buy, store, and track the price of their underlying asset.
The Bitcoin ETF narrative was the main driver of crypto prices before and after the round of SEC approvals on January 10 this year.
The SEC has given companies applying for a US spot Ethereum ETF a deadline of May 23 this year.
Several in the industry believe that this is the date when the agency will make a round of approvals, based on historic precedent.
Glancing at the chart, Ethereum has been on a clear upward trend since January.
It’s currently trading a little under its 30-day moving average, represented by the blue line, and it has a Relative Strength Index (RSI) of 45, which indicates sober market activity.
Since mid-February, things have been looking a little bullish for ETH. Frequent shallow cup-and-handle patterns indicate bursts of buying followed by short periods of market consolidation.
#eth #btc #ethereum #tradinginsight #binance
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🔝 OMNI NETWORK - What are the highlights of 💸Binance's 52nd Launchpool💬 $BTC $BNB $SOL
📌Some notable points of OMNI include:
1️⃣Omni Network is a Layer 1 project that helps connect Layer 2 rollups such as OP, ARB, STRK. Resolve liquidity fragmentation between ecosystems
2️⃣ In addition, Omni is also one of the important pieces in EigenLayer's Restaking ecosystem
3️⃣ The project has raised $18M in capital from huge funds such as Pantera, Jump Crypto or Coinbase Ventures
❤️ Token Usecase: Omni Network solves critical challenges in the blockchain landscape, providing solutions to fragmented liquidity and distribution across diverse ecosystems. - By connecting different chains and facilitating seamless interoperability, Omni Network empowers developers as well as users to access liquidity and resources across various platforms.
⭐️ Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
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📌Some notable points of OMNI include:
1️⃣Omni Network is a Layer 1 project that helps connect Layer 2 rollups such as OP, ARB, STRK. Resolve liquidity fragmentation between ecosystems
2️⃣ In addition, Omni is also one of the important pieces in EigenLayer's Restaking ecosystem
3️⃣ The project has raised $18M in capital from huge funds such as Pantera, Jump Crypto or Coinbase Ventures
❤️ Token Usecase: Omni Network solves critical challenges in the blockchain landscape, providing solutions to fragmented liquidity and distribution across diverse ecosystems. - By connecting different chains and facilitating seamless interoperability, Omni Network empowers developers as well as users to access liquidity and resources across various platforms.
⭐️ Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#binance #launchpool #tradinginsight
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