Many people wonder how to participate in the ENA project in the DEFI track. Let me show you the steps. 1. Buy ENA or USDe and transfer it to your eth wallet 2. Visit app.ethena.fi/join/v82ub 3. Select Earn to use ENA, USDe or sENA for staking (as shown in the picture) 4. After the staking is successful, return to sENA and you can see your own panel summary
Secondly, I will simply calculate my ENA 2024 second quarter income. I staked about 34,000 ENA and received about 9,700 ENA at maturity, which is as high as 28.5% of the staking token income. Currently, I staked 40,000 ENA and earned 1.76M per day. In the bull market, you can enjoy the price growth and staking income. ENA is very cheap now, so cherish it.
ENA is currently ranked 3114, earning 1.76M daily. By staking, you can enjoy both the increase in coin price and staking rewards, providing double returns. In the last quarter, 9000 ENA has been staked, approximately 4000 USDT. In the DEFI projects, ENA is considered very excellent, with a stable economic model moving forward, and is also endorsed by global asset management giant BlackRock, with a promising future.
If interested, you can use the invitation: app.ethena.fi/join/v82ub
✨Ethereum (ETH) Price Rises to $2,600, But Risks Are Troubling
Ethereum ETH USD has surpassed $2,500 for the first time since October 1. However, despite the market optimism, this upward trend may not be as smooth as it seems. In this analysis, BeInCrypto highlights several on-chain indicators that suggest that a large part of ETH's gains may be restrained.
🪐 Ethereum Still Has Problems The price of Ethereum has risen by 6% in the past 30 days. The cryptocurrency's trading volume has increased by 90% in the past 24 hours, indicating that investors are increasingly interested in Ethereum.
Despite this, data from IntoTheBlock shows that Ethereum's token holding time has decreased by 56% in the past seven days. Token holding time shows how long investors hold cryptocurrencies without selling.
Generally, the longer the holding time, the more likely the price will rise, while the shorter the holding time, usually means that the price may fall. In the case of Ethereum, the recent decrease in holding time suggests that ETH holders are still selling despite the recent price increase.
With a looming recession on everyone’s mind, rumors of government manipulation are swirling. With the US government allegedly delaying the crisis until after the election, it’s vital to stay informed.
Data Manipulation: Fact or Fiction?
Research shows that governments have manipulated economic statistics in the past, often to achieve political goals. This can include adjusting inflation rates, debt figures, or GDP growth to present a rosier picture.
Current Focus
- Liquidity injections and M2 supply increases: Is this a temporary solution or a band-aid?
- Use of the Strategic Petroleum Reserve: A smart move or a desperate one?
- Election Year Economics: Are we seeing a delayed recession?
Stay alert
As we navigate these uncertain times: - Verify information through multiple sources - Stay tuned to economic indicators - Diversify your portfolio
Have the courage to face and accept your investment mistakes, and learn from them.
From the current market of the big cake, the previous downward trend has stabilized after several attempts at the 60,000 mark, and has been effectively recovered. At present, the air situation is consolidating at the 62,000 line. The hourly MACD two lines are about to form a golden cross at the 0 axis, and form a golden cross resonance with the KDJ three lines. The subsequent air situation is likely to be further recovered. We can treat it as a low-long layout in the evening.
Short-term suggestions:
Big cake: 61700-62000 more, watch 63000-63500, and prevent 61500
Second cake: 2380-2420 more, watch 2500-2550, and prevent 2350
Every time the market rises a little, some people start shouting "the bull market is back", and when it falls, they say the bull market is gone, but I really don't understand what these people are thinking. Does a slight rise mean that the bull market has arrived? Does a slight fall mean that the bear market is coming? In fact, both bull and bear markets have ups and downs, but the magnitude and frequency of the rise and fall are different. Bull markets will also have stages of adjustment and callback, and bear markets will also have rebounds and rises. It's like a marathon. The road cannot be flat all the way. There will always be ups and downs. The key is how you grasp the direction and recognize the true trend of the market, rather than being led by the short-term fluctuations in front of you. It would be too hasty to judge that the market has entered a bull market based on the increase in a certain day. Mature investors know that the rise and fall of the market cannot be determined by just one or two days. It is necessary to combine the long-term trend and observe the general trend. Therefore, don't rush in just because the market suddenly rises, and don't panic and sell just because the market falls a little. Real masters are often those who calmly treat each fluctuation and make rational judgments instead of being swayed by emotions and short-term fluctuations.
Entering October, the Iraq-Israel missile crisis also smashed a big hole in the crypto market, which can also be said to be a "gold pit". Whales and institutions cleverly absorbed funds, especially the US non-farm data released last night. The US non-farm employment growth in September exceeded all expectations, the largest increase since March, and the unemployment rate unexpectedly dropped to 4.1, alleviating the market's concerns about the significant deterioration of the labor market, and also causing traders and investment banks to withdraw their bets on a sharp interest rate cut in November. Some traders even worry that the Fed's interest rate cut in November may be less than 25 basis points. The "Federal Reserve News Agency" said that the September non-farm data may close the door to a 50 basis point interest rate cut in November, making the 25 basis point interest rate cut on track. However, after the recent sharp fluctuations, Bitcoin broke through 62,000 US dollars in one fell swoop, and Ethereum broke through 2,400 US dollars. The white market fluctuated slightly at a high level. Pay attention to the changes in the news in operation. Try to avoid frequently unlocked and suspected delisted coins!
Pay attention to position control recently. There are too many unstable factors. It is recommended to hold a half position or a small position. Unstable factors include 1) Tomorrow is Sunday 2) Tomorrow is the Mid-Autumn Festival 3) The price of pancakes rose before the interest rate cut 4) The interest rate decision on the 18th 5) The positive impact of the interest rate cut is negative Manage your position yourself. You may miss out. Anyway, I have a small position. $BTC
Ethereum can be changed to short near 2330. After the consolidation and accumulation on Saturday and Sunday, it has a short position below 2144 and can be shorted to 2000. Be cautious when going long, and mainly short.
On Sunday, the market still fluctuated sideways in a narrow range. Bitcoin was between 53,500 and 54,500, and Ethereum was between 2,250 and 2,320, which could be used for short-term long and short operations. Long-term short orders can continue to be held, and it will break 2,150 next week.
Cognition realization: What are the Tao, Fa, Shu, and Qi of trading? Whether trading can be successful depends on whether your cognition can be realized. Many people have learned a lot of market theories and technical indicators, but they still can't do trading well and feel confused. They know that trading cognition is important, but they don't know what this cognition is and how to improve it. Today, I will introduce you to a thinking framework to help you see the whole picture of trading and your own stage. Just like practicing martial arts, if you only learn one martial art, you may only be a short-term master and cannot be respected for a long time. You need to gather the strengths of many martial arts, create your own martial arts, and establish a school. Similarly, in trading, you also need to establish your own unique trading system, and you can't stick to the old ways and read from the book. So, what is this thinking framework? In fact, it is the four underlying logics of Tao, Fa, Shu, and Qi. Tao is the essence of a thing, Fa is the principle and method of guiding doing things, Shu is the specific technology and method of doing things, and Qi is a tool to improve the efficiency of doing things. In trading, Tao is the underlying law and essence of market operation, Fa is the method of establishing strategy and risk management, Shu is market analysis and trading strategy, and Yi is K-line, technical indicators, programs, software, etc. You need to have a clear understanding of these four underlying logics to see the full picture of trading and find your own trading path. Therefore, whether trading can be successful is the process of whether your cognition can be realized. Only by establishing your own unique trading system can you be respected in this market for a long time. #BTC走势分析 $BTC