Cryptologo777

80% of the coins are in the hands of others with only 20% sold to the poor what did you expect...you gave your money away to people who are already super rich 🙈 nice charity

Morocco?

congratulations excellent prediction👏👏👏👏 if it reaches 10k man will already be extinct 🤣🤣

you gave charity to rich people

if you like giving money to these people who are already very rich ... 🙈 rather give it to the poor by doing charity to them...

with a 20% offer to the public what did you expect 😂😂😂...investors? Don't call them that, it's not the right name..

gambling garbage.....casinos always win 😂

While desperation reigns supreme, there is still good news brewing. Yes, the #crypto world is still getting caught up in the #bearish sadness, perhaps forgetting that this should be the week of a historic OK of #SEC for this very sector. Unless all the experts (who also have access to the most credible rumors) are wrong, this will in fact be the key week for Ethereum.

In fact, the SEC's OK to #ETF Ethereum should arrive this week, the definitive OK that will launch these products on the US markets. Is this an issue that has already been taken for granted and therefore has little impact on the markets? There are some points that we would like to analyze with you, our readers, to understand what type of impact this further evolution will have for the crypto market and specifically for Ethereum. It is an OK that comes after all the managers, as requested by the same SEC, sent the necessary updates. There are two requests to be approved, we remind our readers, with the first ok which arrived already on May 23rd and the second which should arrive between today and next Monday at the latest. Who knows. We don't yet know how ready the managers are to advertise the product. In all likelihood there will be demand, somewhat tempered by a summer period which is historically characterized by much lower volumes.

So? Because it is important?
Firstly because only a few weeks ago it was believed that certain products would never be approved, at least as long as Gary Gensler was there to hold the balance. Also opening the doors, who knows, to other ETF products on cryptocurrencies.#ETHEREUM
$ETH

#Bitcoin❗️ COLLAPSES after news coming from Japan: 142,000 BTC distributed (and sold?) by MT.GoxThe (many) Bitcoins of #MtGox will begin to be distributed to their legitimate owners starting from July. This is what is circulating in the #crypto environment, for news that is based on an official statement from the Trustee who is following the operations.

It should be a sum of approximately 142,000 #BTC‬ and approximately 143,000 bitcoin cash #BCH , together with a sum of approximately 500 million euros in yen, at least according to the most credible estimates recently also confirmed by The Block. It is news that has contributed to worsening an already terrible situation, as it is believed that an important part of those Bitcoins will be sold on the market by subjects who had acquired the rights at a discounted price. In other words, a take profit worth millions of dollars, which could bring negative pressure on the Bitcoin market.
$BCH $BTC

A wallet linked to Justin Sun acquired 9,338 #Ether , worth over $30 million. A purchase that demonstrates greater confidence in the future performance of #Ethereum(ETH) . In contrast, the #Bitcoin whales, influenced in particular by the German government, continue to liquidate their positions, increasing downward pressure on the market. Likewise, #Etf Bitcoin faces massive outflows. In contrast, Ethereum appears to be gaining renewed confidence, potentially setting the stage for a rise in altcoins. According to Michaël van de Poppe, Ethereum's resilience could herald a new era for #altcoin . The well-known analyst points out that the ETH/BTC pair, which has recently shown signs of strength, could trigger a significant rally in altcoins after more than two and a half years of downtrend. Van de Poppe believes that as long as the ETH/BTC pair holds above the key 0.05 level, a reversal of the trend will be possible. This analysis is based on on-chain data revealing increased Ethereum accumulation by whales, in contrast to Bitcoin liquidations. This technical signal indicates that the price of the Ethereum cryptocurrency could rise exponentially against the US dollar, resulting in positive dynamics for the entire altcoin market.

Institutional interest in cryptocurrencies other than Bitcoin continues to grow, as evidenced by the upcoming launch of Solana's Exchange Traded Product (ETP) in Canada. This trend reflects a diversification of institutional investment portfolios, once largely dominated by Bitcoin, towards alternative cryptocurrencies with attractive growth prospects.

Even BTC's dominant position, measured in terms of relative market share, is ready for a major trend reversal; it could favor a rotation of investors' liquidity towards altcoins and therefore amplify their performance.towards altcoins and amplify their performance.

#Polygon : the #MATIC token towards renaming to #POL The Polygon network has proposed a technical update to rename the native MATIC token to POL, as part of the roadmap towards version 2.0 of the Polygon network, the popular side-chain of Ethereum, as well as one of the its main scaling solutions, proposed to the community a technical update to rename the native MATIC token to POL.

The step is one of many on the path that will bring the chain to its 2.0 version, and would consist of the conversion of the MATIC token into Polygon (POL), to make the future possibility of staking the asset on multiple platforms more organic, secure and intuitive. ecosystem chain.

The main objective of the update, moreover, is to guarantee the scalability of the ecosystem without compromising its security.

The POL token, specifically, will work on all Polygon protocols, including Proof of Stake (PoS), #zkEVM and Supernet. And consequently allowing Polygon validators to protect transactions across different chains. Operationally, however, the update should have "simple" implications with respect to users, who would be required to send their MATICs to a specific smart contract and then have them returned in a equivalent measure of POL

The new life of Polygon
With respect to the timing of the update, Polygon has proposed a "grace period" of at least four years, to allow holders to complete the process without any rush or imposition, and allowing the community to adapt to the new token The community itself will now have to approve the update. And the vote, therefore, will determine the future steps of #chain , with the migration to POL which could begin within a few months, but with a pace determined step by step by the consensus of the community itself.$MATIC

Despite FTX's collapse, centralized #exchange are key to mass crypto adoption
Hybrid, non-custodial crypto exchanges could help restore confidence in the #crypto sector, while remaining key to attracting new users. Centralized cryptocurrency exchanges (CEX) are still the key to attracting more users mainstream retail, as the sector recovers from the collapse of the FTX exchange.
Despite the collapse of the infamous exchange, which caused the loss of at least $8.9 billion in user funds, CEXs remain the first level of interaction for retail users purchasing their first cryptocurrencies.
According to Ruslan Fakhrutdinov, founder and CEO of cryptocurrency trading platform X10, the next 100 million retail users will likely enter the industry through CEXs. Speaking exclusively to Cointelegraph, Fakhrutdinov said centralized exchanges will likely drive user adoption:

“For now, centralized exchanges are leading the pack. However, as new users enter the industry, it is much easier to move them from a centralized exchange to a hybrid one, rather than introducing them to a completely new context.” The main reason why new investors opt for CEX is the element of trust in the underlying company, as well as a more intuitive #trading experience.#DeFi

Price of #Polygon (MATIC) recovering after the 8-month low. Time to invest? In the last 24 hours the entire cryptocurrency market seems to have changed direction, in some cases quite sharply. In the previous phase we witnessed a general decline, during which Polygon recorded a major decline that pushed it down to an 8-month low.

Now, however, it could be the time for a recovery of the entire sector, with several cryptocurrencies having recorded an opposite movement in the last few hours which could be a first step towards a bullish trend.

Among these we find Chainlink (#link ), Uniswap (#UNI ), Near Protocol (#near ) and also Polygon (#MATIC ), which have all recorded an increase of around 5% in the last 24 hours. In the case of Near, the recovery was particularly interesting, having exceeded 7%.

But as regards Polygon (MATIC), we note that the price has been decreasing since the beginning of March, and a real trend reversal has not yet occurred. What we are seeing in these hours, however, could herald the start of an important recovery phase. At the time of writing this post, the price of MATIC stands at around $0.571, therefore still below $0.60, having suffered a significant decline in recent days. Among other things, the token recently hit its 8-month low.

Currently, however, the forecasts are positive, in fact if we consider the price level of $0.53 as the next critical support, given that MATIC is currently trading around $0.57, both a rebound from this support and a continuous recovery could trigger an increase until reaching a consolidation range between $0.75 and $0.64.

The problem is that otherwise, i.e. if MATIC were to break the support, then a bearish scenario would open up which would see the Polygon token fall below the $0.50 price level, heavily compromising the thesis of the imminent rise.$MATIC

#ETHEREUM at $10,000 is the 'most asymmetric' bet on the #Cryptocurrencies market, an analyst claims According to the well-known crypto-analyst Tyler, the odds that #Ethereum(ETH) will reach $10,000 are surprisingly high. In a post on X on June 16 he wrote:

“To date, the most asymmetric bet in the crypto market is Ethereum at $10,000. As irritating as it is, this is the current state of the market. Our goal is to trade with logic, not emotion.”

Will #Etf be able to push #eth up?
Despite bullish forecasts, Ether is struggling to surpass the psychological threshold of $4,000. Furthermore, the price is currently down around 30% from its all-time high of $4,891, reached in November 2021. A hypothetical rise towards $10,000 would therefore imply a surge of almost 3x from current levels.

The upcoming launch of Ether spot ETFs in the US could help in this regard. Eric Balchunas, ETF Analyst at Bloomberg, expects trading of these ETFs to begin on July 2. But officially, the United States Securities and Exchange Commission has provided a rather vague time horizon: by the end of September. The price of Ether could undergo a breakout also thanks to a potential supply squeeze, given that the number of $ETH on exchanges reached its lowest levels in eight years. What do you think?? 😁🤔

#POL #Polygon #MATIC✅ #MATIC #MATIC🔥🔥 MATIC's bearish week turns bullish? Analysts predict a surge to $4-5 🤔🚀 ❓️❔️Polygon was testing a critical support level of a bullish pattern, hinting at a massive bullish rally in the coming days.Polygon has been consolidating within the pattern since 2021 .investors could see a massive bullish rally. In fact, the rally could even push MATIC towards $4 or $5 in the coming months.
$MATIC What do you think??