Top Coins to Watch in Altcoin Season. (Part 1: Memes)
The final days of 2024 are getting more interesting as the US presidential election takes place. The race between Harris and Trump is getting more and more intense as the G hour approaches. At the same time, the cryptocurrency market is becoming more exciting than ever as it is the center of debates between billionaire Donald Trump and his billionaire supporter - Elon Musk. The world's focus on the future of cryptocurrency is a sign of an upcoming altcoin season. Let's take a look at some of the prominent meme coins with Meinya Spotlight channel.
🚀Every day that passes, dozens of coins increase in price one after another. Continuously buying and selling to capture opportunities will prevent you from accurately assessing risks. And greed will lead you to devastating losses in a bull market. 💎Patience is the most important piece in investing. No one will get rich after sleeping, investing is a long process that includes success and failure.
Reasons why the cryptocurrency market is more active in supporting Mr. Trump: 1. Trump openly supports cryptocurrency, although it is still unclear whether this is a ploy to attract the community. However, it can be seen that the community has responded positively to the values promised by future policies. 2. Removal of SEC Chairman Gary Gensler. Although faced with criticism from many, I personally feel that Mr. Gary's term occurred in a chaotic context. From the collapse of FTX and Luna, alarm bells about instability in cryptocurrency have sounded. Additionally, the political situation is also unstable, so policies need to protect the value of the USD. 3. Help reduce electricity prices in the US to the lowest in the world. This will help boost the economy. (And also indirectly support BTC mining). 4. Turn the United States into a leading country in cryptocurrency, directly competing with BRICS. (This competition is relatively healthy for the market as it will make cryptocurrency gradually more public in the community). #USElections2024Countdown
Transparency in listing projects is an unwavering commitment of Binance.
Faced with the situation of newly listed projects having poor performance and receiving a lot of FUD. Yi He, co-founder of Binance, has made clear Binance’s unwavering commitment to transparency in project listings and airdrop rules. She asserted that: “If a project does not pass the screening process, regardless of the amount or number of coins, it will not be listed.” Yi He’s assertion is a testament to Binance’s commitment to transparency and resilience as it navigates the complex and competitive landscape of the cryptocurrency market.
BTC.D is approaching resistance on the long-term chart. -If a breakout occurs, it could take $BTC to its golden age with a market dominance rate of 70% in the cryptocurrency market. Altcoins may be completely swallowed in the short to medium term. -In the meantime, if BTC.D cannot break through and declines, two scenarios may occur: 1. This is a negative signal indicating a complete market downturn. 2. Market share returns to Altcoins, the legend of Altcoin Season officially begins... #NovCryptoOutlook #BTCdominance
Grayscale has announced that Grayscale XRP Trust is now welcoming qualified and accredited investors who wish to access $XRP . Grayscale's decision comes against the backdrop of increasing interest in digital assets and the demand for reliable investment vehicles in the cryptocurrency market. In addition to Grayscale, the XRP ETF is also the focus of 21Shares, Bitwise, and Canary. #GrayscaleXRPTrust
The BNB Chain ecosystem has successfully completed the 29th token burn of BNB. This token burn event, announced by the BNB Foundation, has removed 1,772,712.363 BNB from circulation, worth approximately 1.07 billion US dollars. It is known that $BNB remains the core of BNB Chain's decentralized finance and Web3 ecosystem. This latest burn marks another important milestone in BNB Chain's journey towards controlling the token supply and preserving value, as the chain continues to grow in the future. #29thBNBBurn
It's hard to sleep tonight, right everyone? BUT, don't forget to trust in what you have researched. Don't forget why you entered the market. Don't let small short-term fluctuations shake your long-term vision. And most importantly, don't forget the experiences you have gone through. "Be strong and keep moving through the cold winter, instead of collapsing and burying yourself in the cold ground." #Tâmlýthịtrườnghômnay #MarketDownturn #Meinya #MeinyaSpotlight
Support for Mr. Trump has sharply declined in recent days after The New York Times urged voters not to vote for the Republican candidate. The actions of The New York Times are being criticized by supporters of Mr. Trump and other newspapers. Most major companies and news outlets remain neutral in the White House race. The betting odds on the Polymarket are also shifting towards balance. Notably, there are only a few days left before the results are announced. #CryptoPreUSElection
The world's leading stablecoin issuer Tether has announced the launch of a stablecoin pegged to the United Arab Emirates dirham, which will be released on The Open Network (TON) blockchain. This new development follows the UAE's decision to approve a licensing framework for stablecoins. The new regulations will clarify the rules regarding the issuance, licensing, and supervision of dirham-backed payment tokens. This development marks a significant step for Tether as it expands its range of stablecoins to include a tie to the national currency of the UAE. #TetherAEDLaunch #ToncoinSurge
The mining cost of $BTC has been steadily increasing each day despite market fluctuations. On Sunday, November 1, 2015, the average mining cost per BTC was 177.28 USD. After 9 years, on Thursday, October 31, 2024, the average mining cost per BTC is 77,682.6 USD. An increase of approximately 438.19 times.
I see the market just recovered a bit. After fiddling around for a while, I was about to go to sleep when I opened it up and saw $BTC making a vertical column down. Haizz... closing my eyes to sleep, who knows I might be rich tomorrow. Hahaha 😄
$ENA is showing strong momentum at the 0.35 USD area and building a decent support level. My Entry 1 (purple) and Entry 2 (green) areas are still performing quite well. The support area has been established so currently, the Entry 1 (purple) zone is relatively safe for buying. The view of adjusting once more to the Entry 2 (green) zone from the previous post does not seem to happen as the ENA force is still strong (only dropping to 0.32-0.33 USD). It is advisable to monitor current market information due to the upcoming US elections and ongoing wars. With this trend, I believe the price will soon surpass 0.5 USD in the near future, unless there are negative news that impact the market. #MeinyaSpotlight #Meinya #Uptrend #dyor
LIVE
Meinya Spotlight
--
Bullish
Hello, I would like to update the previous price forecast of $ENA .
+Basically, the price has returned to the Entry 2 area that I gave earlier at 0.27 -0.3 USD (green area in the picture) and then bounced back strongly along with the general market movement. The peak of the recent increase was at 0.46 USD.
+Regarding the movement direction, the price has now been adjusted back to the Entry 1 area (purple area) along with the market sentiment when BTC moved near the 68,000-70,000 USD area.
+Regarding the new update, I will post a separate article about ENA later to share detailed views as well as some new information about this project.
-In general, ENA's trend is still increasing in the medium-long term, temporarily adjusting to the short-term buying zone. So everyone does not need to panic. I will update the latest information later. Currently, BTC is hovering, so if you want to buy ENA, you should wait for it to fully adjust to Entry 2, otherwise skip it. Those who have bought at Entry 1 and 2 can continue to hold and buy more when it reaches Entry 2. #MeinyaSpotlight #buythedip #BTCUptober #dyor #Meinya
Scroll: From the first Pre-Market star to a major disaster.
$SCR is currently "plummeting downhill without brakes" and becoming a comet of the Pre-Market. Before the wave of boycott from suspicions of fraud, SCR lost about 60% of its value from its peak price, in just 20 days. And the decline seems to show no signs of stopping, from a personal perspective, the bottom could drop to around 0.5 USD or even lower until there are signs of recovery. #PreMarketSpot #ScrollOnBinance #dyor
Former CEO of Binance, speaker Changpeng Zhao (#CZ ) will give his speech around 6:55 PM (UTC +7) at #BinanceBlockchainWeek . 😍 You can follow along via Binance Live at the link: CZ is going live soon.
$KAIA is currently trading around 0.13 USD, with a market capitalization of about 800 million dollars. You might be wondering: "Should I FOMO in?". Personally, I say NO. Fundamentally, the market is currently waiting for BTC to break the old ATH of 73,777 USD and for BTC.d to decrease. If these two conditions cannot be met, the altcoins may drop significantly, and new coins without support will free fall. #Meinya #MeinyaSpotlight #newlistings #Dyor2024
Tether Drama Could Send Major Shockwaves Through Entire Crypto Market. Is It Just a Doubt?
USDT is one of the leading stablecoins in the cryptocurrency market, pegged to the value of fiat currencies such as the USD. Recently, on October 25, according to the Wall Street Journal citing anonymous sources, the US government is investigating Tether. Because of suspicion that the leading cryptocurrency company Tether (USDT) is likely to violate sanctions and anti-money laundering regulations. There are also rumors about funding illegal activities such as drug trafficking, terrorism, hackers, money laundering....
Although the selling pressure of most altcoins has decreased, the buying pressure is still not there. There are no clear signs of reversal from most altcoins. The FUD of "lack" of anti-money laundering measures from Tether has not been resolved yet. $ETH is stuck below $3000, so it is difficult for altcoins to have a path to lead the wave. $BTC alone rushed to $71,000. Sigh... have to wait again.