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Ashfaq Sourav
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Ashfaq Sourav
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Can pepe reach $1? Here's why it can't: PEPE's current price of approximately $0.00001996 and its circulating supply of 420.67 trillion tokens, achieving a price of $1 would necessitate an astronomical market capitalization of over $420 trillion. This figure far exceeds the total market capitalization of all cryptocurrencies combined, making such a scenario virtually impossible. Even reaching $0.01 would require a market cap exceeding $4.2 trillion, which is still highly improbable. Analysts suggest that while PEPE may experience price increases due to market sentiment and community engagement, expectations of it reaching $1 are unrealistic. Investors should approach such predictions with caution, recognizing the speculative nature of meme coins and the inherent volatility of the cryptocurrency market. #PEPE $PEPE
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A recent initiative in Switzerland proposes that the Swiss National Bank (SNB) incorporate Bitcoin into its reserves alongside gold. This proposal, backed by ten cryptocurrency advocates, seeks to amend existing laws and requires 100,000 signatures within 18 months to prompt a public referendum. Historically, the SNB has been skeptical about cryptocurrencies. Chairman Martin Schlegel recently expressed caution, highlighting concerns over their volatility, energy consumption, and associations with illegal activities. Switzerland's direct democracy allows citizens to influence federal laws through referendums, making this proposal a potential catalyst for national debate on Bitcoin's role in financial reserves. However, the SNB's current stance suggests that significant deliberation would be necessary before any policy shift occurs. #BitcoinInSwissReserves $BTC
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GM Friends! Hope your first day of the year spent well. #NewYearVibes
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My last Binance Square post of 2024!! Date: 31/12/2024, 9:24pm #crypto2024
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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced significant price movements in 2024. After a correction from $4,000 to below $3,400 in December, Ethereum has appreciated by approximately 46% over the year. Now, ETH's price has surged past the $3,400 mark, indicating strong investor confidence and a bullish market sentiment. Analysts suggest that Ethereum's price could rise to $8,000 by 2025, with 75% of holders being long-term investors. However, the market remains volatile, and investors should exercise caution. $ETH #ETHETFsApproved
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