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NEW:
Bitcoin
is about 7% away from a new all time high.
Will it surpass $73K
#Write2Earn
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Watching $ILV closely! Price testing resistance at the 50 EMA with bullish momentum. MACD shows signs of strength, but RSI nearing overbought. đš Break above 50 EMA could signal further gains, but caution with tight stop-loss! đ #crypto #ILV #trading #Write2Earn [DYOR Not Financial Advice]
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Why did the bull bring a ladder to the stock market? Because it heard the bears were in a downtrend and wanted to rise above it! đđ #BullMarket #BearHugs
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đ Jack Dorsey on Bitcoin: If the internet had to choose a native currency, #Bitcoin stands out due to its principles, origin story, and resilience. đđ° #CryptoFuture #BitcoinAdvocate #Write2Earn! #ElonMusk
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A cryptocurrency trader managed to achieve an extraordinary feat by earning over $9 million in just three days through trading a Solana-based memecoin known as Numogram (GNON). This trader's initial investment was a modest $3,000, which resulted in a staggering 3,000-fold return on investment. Here's a breakdown of the event: - Investment: The trader invested approximately $3,000 to purchase 56 million GNON tokens across three wallets. - Profit: By selling parts of his holdings, he has already realized a profit of over $9 million, showcasing the volatile and potentially lucrative nature of meme coin investments. - Token Performance: Following its listing and subsequent attention, GNON experienced a significant surge, increasing by over 230% in a single day, with its price noted at $0.1505 at one point. - Market Reaction: This success story highlights the ongoing craze for memecoins, particularly those on the Solana blockchain, suggesting a trend that might positively influence the price of Solana (SOL) itself, with some market observers predicting a rally towards $180 for SOL due to increased demand for these types of tokens. - Implications: The trader's success underscores both the high-risk, high-reward nature of cryptocurrency trading, especially within the memecoin niche. It also reflects broader sentiments of disillusionment or speculative enthusiasm among younger investors, akin to cultural movements like punk music, as noted by some industry commentators. This event not only demonstrates the potential astronomical returns possible in cryptocurrency markets but also serves as a cautionary tale about the extreme volatility and speculative nature of such investments. The crypto community often discusses these instances with a mix of awe at the potential gains and concern over the sustainability and ethics of such market dynamics, particularly around the creation and promotion of new memecoins.
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đš Bitcoin to Six Figures? The chief investment officer at Bitwise hints at Bitcoin hitting $100,000 sooner than anticipated. Driven by ETFs, economic shifts, and more. Could this be the year? đ #Bitcoin #CryptoNews #Write2Earn
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