The Pi Network is a cryptocurrency project launched in 2019 by a team of Stanford graduates. It aims to create a user-friendly and energy-efficient cryptocurrency that can be mined using mobile devices. Here's an overview:
Key Features:
1. Mobile Mining:
Unlike traditional cryptocurrencies like Bitcoin, Pi can be mined on smartphones without draining battery or requiring significant computational power.
2. User Growth:
Pi Network has millions of users worldwide, often referred to as "Pioneers."
3. Mainnet Launch:
Pi is transitioning from a testnet to a mainnet phase. This involves moving users' mined Pi coins to a secure blockchain with real-world utility.
4. Use Cases:
The project aims to build an ecosystem where Pi can be used for goods, services, and decentralized applications (dApps).
5. KYC Verification:
Users must complete Know Your Customer (KYC) to move their Pi to the mainnet, ensuring security and legitimacy.
Current Status:
Value: Pi is not yet tradable on major exchanges, as the project is still in its development phase.
Roadmap: Full decentralization and ecosystem development are in progress. #Write2Earn
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
#MarketPullback #TrumpMarketInsights Signal!!! $XRP The market has been dump high after the trump inauguration so lets hope to see everything good after the dump .
Trading Signal:
Entry Point(s):
Buy Zone: Between $3.00 - $3.05, as it is near strong support and the lower Bollinger Band.
Stop-Loss Placement:
Place the stop-loss at $2.95, slightly below the lower Bollinger Band and psychological support at $3.00, to minimize downside risk.
Take-Profit Target(s):
First Take-Profit: $3.16 (midline of Bollinger Bands, minor resistance).
Second Take-Profit: $3.32 (upper Bollinger Band, stronger resistance).
Extended Target: $3.40 (recent high if bullish momentum strengthens).
Risk-to-Reward Ratio:
Entry: $3.02 (average)
Stop-Loss: $2.95 (risk of $0.07)
Target 1: $3.16 (reward of $0.14, R:R = 2:1)
Target 2: $3.32 (reward of $0.30, R:R = 4.3:1) #Write2Earn
didn't remember that my target hit yesterday as I was so sick but if you all show support will give more and more signals thank you my all target has been hit. #Write2Earn #Xrp🔥🔥
Aggressive Buy (Momentum Continuation): Enter above $2.86, only if the price breaks out with strong volume and candlestick confirmation (e.g., bullish candle closing above resistance).
Conservative Buy (Pullback): Wait for a retracement toward the support at $2.77-$2.78. Look for confirmation of reversal (e.g., bullish candlestick patterns like hammer or engulfing) before entering.
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2. Stop-Loss Placement:
Aggressive Entry Stop-Loss: Place below the breakout level at $2.78.
Conservative Entry Stop-Loss: Place below the next support level at $2.70 to protect against deeper pullbacks.
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3. Take-Profit Targets:
1. Target 1: $2.89 (recent high and key resistance).
Signal🚨🚨 🪙:$XRP A very interesting and money making move for xrp holders as the price starts to pump high and high it will sky rocketin few months as the good things rake time we need to hold patiently to cross 3$ 📊🚀
Trading Signal for Intraday Trading
1. Entry Point(s):
Buy Entry: Around 2.4800–2.4900, aiming to buy the dip as the price retraces slightly.
Breakout Entry: Above 2.6050, if the price breaks and sustains above the resistance.
2. Stop-Loss Placement:
For a dip buy, place the stop-loss at 2.4400 (below immediate support).
For a breakout trade, place the stop-loss at 2.5700 (below the breakout zone).
3. Take-Profit Target(s):
First target (T1): 2.5500 (near minor resistance).
Second target (T2): 2.6000 (retest of the recent high).
1. Stronger-than-Expected U.S. Economic Data: Recent robust employment figures have reduced expectations for Federal Reserve interest rate cuts. This has strengthened the U.S. dollar and increased Treasury yields, creating a challenging environment for cryptocurrencies.
2. Elevated Treasury Yields: The 10-year Treasury yield has risen to its highest level since November 2023, exerting pressure on risk assets, including cryptocurrencies. Analysts suggest that if Bitcoin breaches a $92,000 support level, it may drop to $90,000.
3. Regulatory Uncertainty: The lack of clear regulatory frameworks continues to pose risks to investors and industry participants, contributing to market instability.
4. Market Sentiment and Speculation: Negative news, such as potential government sales of seized Bitcoin, can lead to panic selling and increased volatility in the crypto market.
5. Technical Risks and Failures: Security concerns, including hacking incidents involving major exchanges, can lead to a lack of confidence in the security of cryptocurrencies, resulting in massive withdrawals and price drops.
6. Overleveraging and Liquidations: A significant portion of the crypto market is driven by margin trading. When the market falls, leveraged positions may be liquidated, pushing prices even further down in a cycle.