$EIGEN best time to short | Syed Omer Hussain on Binance Square

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$EIGEN best time to short 

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$FET (Artificial Superintelligence Alliance) 🔹 Signal: 📈 Buy Signal 🔹 Price: $1.66 🔹 Open Position: Buy 🔹 Take Profit (TP): $1.80 📊 🔹 Stop Loss (SL): $1.55 ⚠️ 🔹 Reason: Strong momentum with a 3.64% daily change and continuous uptrend. #BURNGMT #Write2Earn! #MarketMajorComeback #BinanceSquareFamily

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XRP surges 370% post-Trump victory: What’s driving the rise? XRP has jumped an astonishing 370% since Donald Trump’s U.S. election win, far outpacing other major cryptocurrencies. Bitcoin rose just 46% during the same period, while XRP overtook Solana to become the third-largest cryptocurrency, behind only Bitcoin and Ethereum. XRP was created in 2012 as the token for the XRP Ledger, which powers Ripple’s international payment systems. Even though Ripple focuses on global payments, most of its business 95% happens outside the U.S. Ripple owns a big chunk of XRP, which has raised concerns with regulators over the years. Ripple has been in a long legal fight with the SEC (Securities and Exchange Commission). Last year, a judge ruled that XRP isn’t a security when sold to regular investors but is an unregistered security when sold to big institutions. Recently, XRP has been gaining momentum thanks to several positive developments. Edul Patel, CEO of Mudrex, noted, “XRP has gone up close to 300% in just a month, driven by growing interest in banking tokens. The recent approval of Ripple’s stablecoin - RLUSD provided another boost to XRP’s price, taking it over the $2 mark.” He added that a pro-crypto SEC chair is also expected to bring a friendlier stance to cases like Ripple’s, further boosting market sentiment. This week, XRP reached a market capitalization of $140 billion, outshining global companies like Sony ($128.6 billion), Nike ($115.57 billion), Starbucks ($112.6 billion), Spotify ($97.51 billion), PayPal ($90.23 billion), Dell ($86.75 billion), and Ferrari ($80.92 billion). The rally follows Ripple’s regulatory approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin. Ripple CEO Brad Garlinghouse celebrated the milestone on X (formerly Twitter), saying, “We have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.”

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MicroStrategy to eclipse Starbucks, Nike market cap if Bitcoin rallies to $138K MicroStrategy’s (MSTR) stock prices are up 546% for the year, with its market cap currently at $99.4 billion. Its Bitcoin (BTC) reserve is a major reason for its significant year-to-date yields, as the organization added 249,850 BTC in 2024, taking its total tally to 439,000 BTC. With its market cap on the brink of breaking the $100 billion threshold, MicroStrategy will take over major American companies if Bitcoin hits higher price targets. MicroStrategy’s market cap will eclipse Starbucks and Nike if BTC hits $138K With 439,000 BTC in its treasury, MicroStrategy is the largest corporate holder of Bitcoin, surpassing Marathon Digital’s tally of 40,435 BTC by 985%. Thus, monitoring BTC’s price gives a direct outlook of MSTR’s market cap potential. Based on MicroStrategy’s net asset value (NAV) worksheet, its fully diluted market cap is $114 billion, with the derived MSTR NAV at around $40 billion. With respect to MicroStrategy’s BTC holding, every time the crypto asset moves $1,000 in either direction, MSTR’s market cap gains approximately $440 million. Starbucks's current market cap is $105.5 billion, and Nike's is $115 billion. Therefore, a mere 11% rally for Bitcoin to $118,810 will allow MicroStrategy’s market cap to surpass Starbucks in the valuation rankings. A 32% uptick to $140,000 per BTC would take MSTR’s market cap ahead of Nike. Surpassing Nike’s market cap assumes that MicroStrategy does not add to its current BTC holdings. Related: MicroStrategy buys 15.3K Bitcoin for $1.5B, holdings reach 439K BTC MicroStrategy will go bankrupt if an asteroid hits Earth, says analyst MicroStrategy’s Bitcoin playbook effectively entails buying Bitcoin at a higher level, where the company issues debt and utilizes the proceeds to buy Bitcoin, which drives BTC price higher. MicroStrategy’s method does have detractors, one being Chainlink advocate Zach Rynes, who said he was “deeply uncomfortable” with the organization's “debt-based acquisition.”

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Elon Musk Strikes PEPE Community With Unexpected Hot Tweet Tech billionaire and innovator Elon Musk, who is known for his love for memes, has published a post on his account on the X social media platform that he owns. This post featured a popular internet meme, Pepe the Frog, which last year inspired the creation of the PEPE meme cryptocurrency. The community, including many PEPE enthusiasts, enthusiastically reacted to his post. This is not the first Pepe the Frog-related post published by the tech magnate this week. One of them even caused the aforementioned meme coin to surge by more than 14% at the start of the week. Musk's PEPE tweet triggers community Elon Musk published a post about the way X users take in information and news published on this social media giant. While “normal people,” the meme published by Musk says, understand that two multiplied by two equals four, other people demand: “Source?” as one of the many ways to deny the news or data that is assumed to be trustworthy. “Normal people” in that post were depicted using a Pepe image. Many X users responded to that tweet with PEPE memes, supporting Musk’s assumption. In light of the recent U.S. presidential election and Musk actively supporting the newly elected political leader, X and its owner came under fire from the opposite side, the political left, which lost the presidential election in November. Musk publishes multiple PEPE memes this week Before November and now, Musk has been claiming that his X platform has become the only trustworthy source of news, while mainstream media were controlled by left-leaning political forces. As for Musk’s earlier PEPE posts this week, on Monday he retweeted an image of Pepe the Frog in an image of an ancient Roman general standing in the Coliseum. That tweet was called "Kekius Maximus," with a clear reference to the "Gladiator" and "Gladiator 2" movies directed by Ridley Scott and released in 2000 and 2024. That publication coincided with the meme coin PEPE surging by roughly 14%.

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Day Trading: The Basics and How To Get Started There was a time years ago when the only people able to trade actively in the stock market were those working for large financial institutions, brokerages, and trading houses. The arrival of online trading, with the instantaneous dissemination of news, has leveled the playing field. Easy-to-use trading apps and the 0% commissions of services like Robinhood and Charles Schwab have made it easier than ever for retail investors to trade. Day trading can be lucrative as long as you do it properly (though there is never a guarantee). However, it's typically challenging for novices and often a losing way for newer investors to trade. The only way to improve these odds is to learn the ins and outs of technical strategies and other crucial parts of the market, while also picking the right day trading platform. KEY TAKEAWAYS Day traders buy and sell stocks or other assets during the trading day to profit from the rapid fluctuations in prices. Day trading employs various techniques and strategies to capitalize on these perceived market inefficiencies. Day trading is often informed by technical analysis of price moves and requires a high degree of self-discipline and objectivity. Day trading employs various techniques and strategies to capitalize on these perceived market inefficiencies. Day trading is often informed by technical analysis of price moves and requires a high degree of self-discipline and objectivity. Technical analysis: Focuses on past prices and trading patterns to predict coming trends. Momentum trading: Capitalizes on short-term trends and reversals to capture quick gains. Unlike long-term investors, day traders are less concerned with the fundamental value of the securities and more focused on capturing immediate gains from market fluctuations.

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