📣 Elon Musk : Excessive government spending is causing infl | TopCryptoNews on Binance Square

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📣 Elon Musk : Excessive government spending is causing inflation and leading the US to bankruptcy🕑
#ElonMusk #ElonMuskUpdates 

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📣 Ripple Case Closed: Ripple Chief Legal Officer Ripple's chief legal officer Stuart Alderothy makes a major announcement, highlighting that the company's years-long lawsuit against the U.S. Securities and Exchange Commission has concluded. Yesterday, in a post by X Alderoti, he stated that “the Ripple case is over.” Ripple CLO’s comment suggests that the lawsuit has finally reached its conclusion. #XRP #Ripple

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📊 Cryptocurrency Investors Prioritize Price Predictions In the early September cryptocurrency market, investors faced challenges with Bitcoin‘s unexpected decline. The leading digital currency, Bitcoin (BTC), briefly tested the $60,000 benchmark but quickly fell back to $59,650. As market volatility continues to trouble traders, attention has shifted towards the price forecasts for several altcoins, including LUNA, FLOKI, PEPE, SHIB, and CEEK, especially in light of upcoming decisions regarding interest rates by the Federal Reserve. 🔸 What Lies Ahead for #LUNA Coin? LUNA Coin is in the spotlight amid ongoing legal investigations. The uncertainty around Do Kwon’s potential extradition to the U.S. or his native country has added to LUNA Coin’s woes. With various fraud allegations shadowing its leadership, LUNA faces long-term risks. However, if it surpasses the critical $0.41 mark, there is a possibility for the coin to ascend to new heights, potentially ranging between $0.473 and $0.69. Conversely, bearish circumstances could see its value dip to $0.32. 🔸 How is #FLOKI Coin Performing? FLOKI Coin has kept its investors optimistic, maintaining strength in bullish trends. It has managed to hold onto some of its earlier gains, steadfast at the support level of $0.00010016. The coin tested the $0.00016276 level in late August and could revisit or surpass this point in early October, aiming for an all-time high beyond $0.00032518. 🔸 Key Observations and Predictions – LUNA Coin’s potential growth hinges on surpassing $0.41, with possible targets between $0.473 and $0.69. – FLOKI Coin holds promise, with potential upward movement towards $0.00032518 in the near future. – Market volatility and Federal Reserve decisions remain crucial factors impacting cryptocurrency predictions. Despite the turbulent environment, cryptocurrency traders remain focused on strategic price levels and market developments.

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👀 Binance Invites Controversy With Hamster Kombat Listing, Eyes 200 Million Player Base Binance recently announced its plans to list Hamster Kombat (HMSTR) as the 58th project on its Launchpool. This declaration sets the stage for trading to start on September 26, 2024, at 12:00 UTC. 🔸 Is Binance Trying to Onboard Hamster Kombat Users? Binance will apply a seed tag to HMSTR, indicating it as a volatile project. To trade tokens marked with this tag, users must pass quizzes every 90 days. Amidst the announcement, Binance issued a caution. 💬 “Any claims to offer this token for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds,” Binance warned. Meanwhile, the Hamster Kombat launch on Binance ignited a storm of backlash, notably on social media platforms like X (Twitter). This is because Hamster Kombat has been plagued by controversies, including its tap-to-earn model, frequent airdrop delays, and internal conflicts. Critics argue that such projects might fail to meet the high expectations of their vast player base. 💬 “Binance listing Hamster Kombat. This only makes me believe that Binance ain’t special anymore,” crypto enthusiast Joshyy said. However, Binance’s decision to list HMSTR might be a strategic step towards capturing the massive user base of Hamster Kombat, which boasts over 200 million players. A significant portion of these players are newcomers to the cryptocurrency ecosystem. By listing HMSTR, Binance opens the door to a new wave of crypto enthusiasts. Furthermore, Binance is expanding its focus beyond individual tokens to the broader Telegram crypto ecosystem. This includes Binance Labs’ investment in Blum, a decentralized exchange (DEX) that functions as a Telegram mini-app. Not to mention, Telegram’s platform, with its 950 million monthly active users, has become a fertile ground for developers launching mini-apps aimed at this vast audience. #BinanceLaunchpoolHMSTR #HamsterKombat

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📊 Aptos reports record on-chain activity, but skepticism over bot activity lingers ● Aptos clocked in a whopping 5.4 million active monthly addresses and also hit a high note with 578 million user transactions last month. ● The following is an excerpt from The Block’s Data and Insights newsletter. The Layer 1 blockchain Aptos is showing signs of growth amidst a tepid crypto market. But as with all things in the world of blockchain, the devil is in the details—and the data. Aptos recorded 5.4 million active monthly addresses last month, a figure that rivals even some of the more established chains. The platform also hit a high note with 578 million user transactions last month, suggesting a hive of activity buzzing within its ecosystem. Meanwhile, the APT token has shown resilience, with a modest but positive 4.9% uptick in the past 12 months—no small feat in a market that's seen its fair share of ups and downs. While these numbers paint a picture of a thriving ecosystem, it's crucial to approach on-chain metrics with a healthy dose of skepticism: ● Bot activity or airdrops can sometimes inflate high transaction counts and active addresses. ● A high number of transactions doesn't necessarily equate to meaningful economic activity. It’s another fan-favorite metric, but we must always be mindful of how easy it is to mislead. ● Promotional activities and token distributions can cause temporary spikes in activity. It’s always interesting to track to see if volumes and activities continue post-airdrop or if the hype dies down. ● Rapid growth can be exciting, but sustainable ecosystems need a balance of new users and retained, engaged participants. As we navigate the sea of blockchain data, it's essential to remember that numbers, while illuminating, don't tell the whole story. The true measure of a blockchain's success lies in its ability to solve real-world problems, foster innovation, and build a sustainable ecosystem. #APT #Aptos

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📈 Bitcoin Eyes $60K and Likely Have More Room to Rally, Analyst Says Bitcoin, ether (ETH) advanced 2%-3% over the past 24 hours on strong day for cryptos. BTC bottomed last week and should rise further based on daily cycles theory, according to chartist Bob Loukas. The Federal Reserve is expected to lower interest rates next week, but market participants are divided on the size of the cut. Cryptocurrencies rallied on Friday with bitcoin (#BTC ) nearing the $60,000 level, buoyed by strong gains across the board on traditional markets. Bitcoin tumbled some 1% to $57,600 earlier during the day after software company MicroStrategy announced the purchase of 18,300 BTC for $1.1 billion. The largest crypto quickly recovered the losses and rose sharply later in the session, up 2.2% over the past 24 hours at $59,700. Ethereum's ether (ETH) reclaimed the $2,400 level, up 2.7% during the same period. Crypto analytics firm noted that Ethereum's revenues from fees rose nearly 60% in the past week as blockchain activity picked up. The price action happened as U.S. stocks climbed higher, with the S&P 500 less than 1% away from its July record high a few hours before the market close. Gold continued to break record highs, hitting $2,600 per ounce for the first time ever. A decline in the U.S. dollar against major currencies supported the rally across asset classes. Bitcoin's rally may have more fuel in the tank based on the asset's daily cycles analysis, well-followed trader and analyst Bob Loukas noted. Cycles theory in technical analysis argues that prices move in waves and have certain periodicity between local peaks and troughs. According to a chart shared on X, bitcoin likely found a local bottom below $53,000 on September 6 and is only on its 7th day in a fresh cycle. The previous daily cycle lasted over sixty days and topped on the 24th day, leaving plenty of time for BTC to make news highs before rolling over. "These cycles have time left should remain strong into FOMC," Loukas said.

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