$BONK Price Shoots 20%, Traders Are Preparing For Another M | Owonikoko1 on Binance Square

Trending Articles

Bookmarked and Liked

--

Bullish

$BONK Price Shoots 20%, Traders Are Preparing For Another Mega-Rally
After a strong selling pressure in BONK price, buyers have turned active once again hinting at a potential trend reversal.
#BTC #Launchpool #ETH #etf #MemeCoinAnalysis $BONK #HALVING #CZ

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

BONK

0.00002318

-6.98%

238

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@Square-Creator-8c1228299

Explore More From Creator

3AC Must Face Lawsuit Over DeFiance Capital Asset Claims

--

Binance Will List Jupiter (JUP) with Seed Tag Applied

--

Terraform Labs said on Tuesday that its recent bankruptcy filing will enable it to pursue a "do-or-die" appeal in a securities fraud case brought by the U.S. Securities & Exchange Commission. The blockchain company's statement, made in a bankruptcy court filing, refers to a ruling in December by a federal judge that found Terraform Labs and its founder Do Kwon violated U.S. law by failing to register two digital currencies whose collapse roiled cryptocurrency markets in 2022. Trials will begin in March on the SEC's remaining fraud claims, but Terraform Labs said in the court filing that it likely could not afford to pay the yet-to-be-determined judgment or pursue an appeal. "The exact size of a money judgment remains unknown, but it could very well outstrip the debtor's assets," Terraform's head of company operations Chris Amani wrote in a court filing. The company has access to about $28 million in Bitcoin, $7 million of various other cryptocurrencies, and about $87 million in its own token, Luna, per its court filings. Terraform Labs intends to argue on appeal that the SEC has no authority over the company because its cryptocurrency tokens are not "securities." Such an appeal would normally require the company to post bond of 110% of the total judgment value before it can proceed. But a Chapter 11 bankruptcy may enable the company to appeal without posting a bond, according to Terraform Labs. "Without the protection of chapter 11, the Debtor would likely have to liquidate after the trial," Amani wrote. An SEC spokesman declined to comment Tuesday. Terraform says it intends to continue developing tools and applications for the new Terra blockchain that it created in the wake of its 2022 collapse. The company is building its own products, like its crypto wallet "Station" and also encouraging third-party development of applications for its Terra blockchain. Terraform was at the center of the so-called "crypto winter" of 2022, when collapsing asset prices bankrupted many other crypto companies. #Write2Earn #lunc

--

Oracle service provider Chainlink is once again seeing strong trading activity! The $LINK price has jumped a staggering 6.5% in the last 24 hours shooting all the way to $16, while the broader market continues to consolidate. Jumping to the 12th spot by market cap, LINK is now eyeing a spot among the top ten cryptocurrencies. In a recent analysis, crypto market analysts provides insights into the potential trajectory of Chainlink, indicating a likelihood of a bullish breakout. Key factors supporting this prediction include: Liquidity Absorption: Chainlink has absorbed liquidity through a dip to the $12.20 level. Resistance Testing: The cryptocurrency has undergone multiple tests of resistance, suggesting potential upward movement. BTC and ETH Dynamics: The Bitcoin ($BTC) pair for Chainlink is showing signs of bottoming, while Ethereum ($ETH) is displaying increased activity. suggestions say that considering these factors, $LINK could experience a positive breakout in the near future, with a projected price range of $25 to $30 in the coming months. Traders and investors are advised to monitor these developments for potential opportunities in the $LINK market. What’s Next for LINK? The price of LINK has exhibited a consistent upward trend, signaling increasing bullish momentum. Encouragingly, the Cross EMA 50/200 day indicates a high likelihood of a Golden Cross, pointing towards significant price action in the upcoming days. The Moving Average Convergence Divergence (MACD) presents a continuous green histogram, indicating a prevailing bullish sentiment in the cryptocurrency market. Additionally, the moving averages depict a sustained upward trajectory, suggesting a continued rise in the LINK price in the days ahead. If bulls successfully drive the price beyond the resistance level of $15.411, it would pave the way for Chainlink to test its upper resistance level at $16.477. Moreover, maintaining stability at this level could potentially position LINK to challenge its resistance level of $17.677 in the near future. #Write2Earn #Chainlink

--

Bitcoin Spot ETFs' Market Impact Despite the significant development of cryptocurrencies in recent years and growing interest in the field, the scale of the cryptocurrency market remains relatively small compared to traditional finance. The approval of a Bitcoin spot ETF represents mainstream market acceptance and recognition, which is likely to further enhance Bitcoin's acceptance among investors. The approval of a Bitcoin Spot ETF is expected to attract a larger influx of capital, increasing liquidity in the entire cryptocurrency market. It represents the significant exposure and popularization of Bitcoin, allowing more users to become acquainted with, understand, and participate in the cryptocurrency space. More importantly, the approval of a Bitcoin Spot ETF signifies legal recognition of Bitcoin as a financial product by U.S. regulatory authorities, marking another milestone in the development of Bitcoin. Although the SEC has yet to approve any Bitcoin Spot ETF applications, the entry of traditional large financial institutions like BlackRock indicates a shift in the landscape. These developments are pushing regulatory bodies to urgently refine regulatory frameworks. The eventual approval of a Bitcoin Spot ETF is just a matter of time.

--

Latest News

Bitcoin(BTC) Drops Below 67,000 USDT with a 3.42% Decrease in 24 Hours

--

ASIC Accuses Former Mine Digital CEO Of Fraud

--

Grayscale ETHE Sees Significant Outflow While ETHV Records Inflow

--

Meta Platforms To Use Facial Recognition To Combat Celebrity Scam Ads

--

LayerZero Introduces OFT Standard As Native Solution For Arbitrum Orbit Chain

--

Trending Articles

Ethereum Price Prediction: Crypto Analyst Says Things Are ‘About To Get Interesting’

Crypto Breaking

💸 Cashing Out Millions in Crypto? Here'

Is This the End for $NEIRO ? 🚨 Brother

The Dumbest Way to Trade Cryptocurrencies—and How to Avoid It

BREAKING: SEC PROPOSES SETTLEMENT WITH RIPPLE – XRP POTENTIALLY WORTH $29.19 EACH!

Cookie Preferences

ba-one-trust-cookie