Bitcoin liquidates $85M shorts as bull flag sparks $100K BTC | TradeDog Research on Binance Square

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Bitcoin liquidates $85M shorts as bull flag sparks $100K BTC price target  Bitcoin upside strength causes pain for shorters, but doubts remain over whether the $BTC price rally can last much longer.  
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Daily Crypto Market Pulse Check by TDR Coinbase’s Base Reaches New Heights: 4 Million Active Addresses Let’s dive into the details: Base, @coinbase’s Layer 2 (L2) network built on the Ethereum blockchain, has recently achieved a significant milestone by surpassing 4 million active addresses, driven by its "Onchain Summer" campaign. This Onchain Summer campaign, initially launched in 2023 and revived in 2024, has been a major driving force behind @base's growth. The campaign was designed to incentivize developers and engage the broader crypto community by offering rewards, hosting events, and fostering creativity on the platform. The 2024 edition continued this momentum by offering $2 million in rewards (equivalent to 600 ETH) to developers who build on the Base network between June and August. In Terms of Future Prospects: Looking ahead, the momentum gained from Onchain Summer could continue to propel Base forward, especially if Coinbase can continue to innovate and attract developers and users to its platform. The lessons learned from this campaign, particularly in handling controversies and ensuring the integrity of blockchain-based applications, will be crucial for Base’s ongoing development. But that's not all! Let’s dive into today’s market insights: Global Crypto Market Cap: $2.2 Trillion Bitcoin Dominance: 53.4% | Ethereum Dominance: 14.2% Top Gainers: SUNDOG : +87.4% LOKA : +59.2% Top Losers: BRAINLET : -27.0% CATDOG : -25.4% Participate in major ongoing airdrops: @Curvance, @LineaBuild, @getgrass_io, @Sagaxyz__ Follow @TradedogCrypto to stay informed about the latest and most impactful developments in the world of cryptocurrency. #Coinbase #Ethereum #Layer2 #Blockchain #OnchainSummer

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Is the Metaverse Losing Its Shine? The metaverse land market in 2024 has seen a significant drop, with average prices down 72% from their peak. Average floor prices have fallen by 34% since 2023 and 55% since 2022. Major Project Highlights: @TheSandboxGame: Prices plummeted 95% from 2.86 ETH in 2021 to 0.13 ETH in 2024. NFTWorlds/TOPIA Worlds: Displayed resilience with a 45% decline, aided by community support and rebranding. @SomniumSpace: Peaked in 2023 at 0.98 ETH, driven by VR advancements. Factors Influencing Prices: Market Volatility: The broader crypto downturn significantly impacted metaverse lands. Project-Specific Developments: Innovation and unique value propositions helped certain projects maintain value. Community Strength: Strong engagement and rebranding efforts mitigated declines. External Market Influence: Trends like memecoins diverted attention from metaverse lands. Future Outlook: The future of metaverse land prices will depend on continued innovation and broader cryptocurrency trends. What do you think the future holds for metaverse land prices? Share your thoughts below! #Metaverse #VirtualRealEstate #NFT

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While everyone is talking about the storm in the stock and cryptocurrency markets, we decided to outline the situation with the NFT market. 📊 Numbers and Statistics Market Capitalization: $57.5 billion Daily Trading Volume: $9.5 billion Top Collections by Capitalization: @cryptopunksnfts : $524 million @LibertyCatsBTC: $513 million @BoredApeYC : $218 million @pudgypenguins : $178 million @Azuki : $99 million Market Corrections The NFT market saw a significant decline, with capitalization dropping to $34 billion at its lowest point, heavily influenced by the broader cryptocurrency market. Impact of Memecoins Memecoins have drawn attention and capital away from NFTs, leading to a sharp drop in market capitalization from $348 billion in January 2024 to $159 billion in March 2024. Emerging Trends UtilityDriven NFTs: Increased interest in NFTs tied to real-world asset tokenization. Gaming Integration: Major companies like Square Enix are increasingly adopting NFTs. Hybrid NFTs: Growing popularity of tokens that combine physical and digital assets. Future Outlook While the next bull run may emphasize utility-based NFTs and real-world asset tokenization, significant market growth remains uncertain due to current conditions. The NFT market is evolving, with a focus on utility and real assets, but it faces challenges from memecoins and market volatility. Let’s wait and see what happens next. Drop your thoughts below 👇 #NFTMarket #CryptoNewss #MarketTrends

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Identify Your Trading Style! Why It's Crucial: It’s essential to align your trading strategy with your personality, risk tolerance, and time commitment. Knowing whether you're a Scalper, Day Trader, or Swing Trader helps you make informed decisions, manage stress, and optimize your trading approach. Here’s a closer look at each trading style 👇 Scalper: Quick trades, high stress, high risk. Day Trader: Daily trades, moderate to high risk, requires full attention. Swing Trader: Holds positions for days/weeks, lower stress, requires patience. Overall Takeaway: Each style has unique challenges and rewards. Choose what aligns with your risk tolerance and lifestyle. Which trading style suits you best? #Trading #Scalping #DayTrading #SwingTrading

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𝗪𝗵𝗶𝗰𝗵 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝗦𝘁𝗼𝗹𝗲 𝘁𝗵𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿'𝘀 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁 𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸? Let's have a look👇 - Particle Network - A Layer 1 blockchain solution. 𝗥𝗮𝗶𝘀𝗲𝗱 𝗔𝗺𝗼𝘂𝗻𝘁: To be Disclosed - Pichi Finance - Focused on creating a trustless points trading protocol. 𝗥𝗮𝗶𝘀𝗲𝗱 𝗔𝗺𝗼𝘂𝗻𝘁: $2.5 million - Morpho Labs - Leading the way in advanced liquidity solutions and decentralized applications. 𝗥𝗮𝗶𝘀𝗲𝗱 𝗔𝗺𝗼𝘂𝗻𝘁: $50 million - Breakout - A startup focused on revolutionizing the finance and banking sectors with advanced technological solutions. 𝗥𝗮𝗶𝘀𝗲𝗱 𝗔𝗺𝗼𝘂𝗻𝘁: $4.5 million - Layer2 Financial - Aiming to bridge the gap between traditional financial systems and blockchain technology by enhancing payment systems and financial services. 𝗥𝗮𝗶𝘀𝗲𝗱 𝗔𝗺𝗼𝘂𝗻𝘁: $10.7 million These projects highlight the growing interest and investment in blockchain and decentralized finance solutions, each aiming to solve specific challenges within the ecosystem and drive further innovation. Which project do you find the most promising? Let us know in the comments! #Crypto #Blockchain #DEFİ #Investment #Innovation

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