Gmgmgmgm Square Fam! Welcome to the 61st episode of The #ICP Pulse Season 3, your daily dose of all things on ICP. This is your weekly recap🙂 But, before we start... I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing. This will help me provide you with more quality information, thank you🫶 Now, without further ado, Let's get into today's episode🚀
1️⃣ $ICP Price action
Meh, the price action was performing well until BTC suddenly decided to flush out some over-leveraged traders and slid below 100K😐 Now, in terms of the weekly chart, these are the numbers that I am looking into. Support: 10.5 - 11 USD [a wick to hit the low at 10 USD] Resistance: 11.7 -12.28 USD [Now the range is strong as we slid again] Additional requirements: high volume candles + hold the support range until a bottom out occurs. I am anticipating that this weekly candle will close at around 10.2 -10.4 USD and chop for some time until we find a local bottom before playing out the above scenario. Now, we wait✊ As always, NFA so DYOR ⚡
Now we head to,
2️⃣Onchain Stats Sources: IC Dashboard, ICTerminal, icpzone and @Token Terminal 🟪Internet Identity Stats
Well folks, this week the IC saw around 3.3K entities onboarding the ecosystem. Very interesting👏
🟪Burned ICP Stats
We saw 40.6K ICP vanishing from the circulation supply, which amounts to a staggering 406K USD
This is 🔺+110% of growth in terms of this metric, compared to the previous week⚡
🟪Mcap vs Fees [Weekly]
According to this metric from tokenterminal, the IC generated an impressive 525.9K USD in fees, while handling a stable marketcap within the week.
🆕🟪Cycles Burn Rate
The cycles burn rate remained a chill guy today, as folks prepare for vacation. this accounts for 392 ICP being burned every hour at this rate.
🟪Number of New Addresses
Within this week ICP folks collectively activated 12.6K new addresses, as of press time. LFG
5️⃣Inside the ICVerse🧑🚀 🟪4 Voting Proposals in the NNS. 🟪2 Voting Proposals in the BoomDAO SNS. 🟪1 Voting Proposal in the catalyze SNS.
🟪TVL on NNS: 3.182 Billion USD [🔻21.3%] 🟪TVL on ICP DeFi By DefiLlama: 54.26M USD [🔻7%]
🟪Updates from the DFINITY Foundation🔮 ➡️The foundation is all set for today's Global Town Hall 3.0 powered by ICPHUBS ➡️The recap video of yesterday's ICP Year in Review 2024 livestream is now readily available. ➡️The foundation is prepping to activate the performance-based node rewards program.
6️⃣Updates from the ICP ecosystem ➡️bitfinitynet to host an AMA today with oooo_money ➡️tokenterminal publishes standardized on-chain metrics on OpenChat ➡️bioniqMarket completes new feature integration to prod. ➡️BlockchainPill announces new video series ➡️icto_app ships SNS proposal ➡️windoge_98 to ship something exciting soon👀 ➡️Personal_DAO is reportedly working on some improvements to their UX
➡️DistriktApp announces the arrival of new devs to work on the OG project. ➡️The_Swop officially commences the DAO-liday party.
So, Here I wrap up for the day😇 Hats off for staying this far🫡 Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our #BTCNextMove fam. As usual, the quiz will be allocated today, so stay tuned✊ I have decided to take a break and will be back on the 1st of January 2025, with your daily dose on ICP :)
In the cryptocurrency world, some people make money while others lose money. So many people have been liquidated in the past few days, so it’s time to make money.
In the case of an overall correction, ZEN's performance is quite eye-catching. It was allowed to go long on December 6 and is currently close to the fourth target. 🚀🚀🚀 This is a medium- to long-term plan. The ultimate expectation is to get a big bull top. If it falls again, you can re-enter the market.
Recently, partners who were eager to enter the market must be crying their hearts out, beating their chests and regretting not acting sooner. Just a few days ago, the price levels you could hardly imagine have already arrived, haven’t they? I have repeatedly reminded players who are positioning in the cycle spot market to place orders at the monthly 5-10 day lines, etc. To summarize the recent suggestions I have given to many partners regarding order placements, some have already filled the first layer, and those who haven't should continue to wait. 1. ETH, 3500, 3327, 3085 2. SOL, 200, 185, 175 3. DOGE, 0.34, 0.28, 0.22 4. UNI, 14, 12, 9 5. LINK, 23, 18, 15 6. SUI, 4.0, 3.5, 2.9 7. ENA, 0.88, 0.65 8. NIERO, 1444, 1332, 1203 (stuck) 9. LTC, 110, 100, 90 10. WIFL, 2271, 1.923 There are many more that I won't list one by one. In this market, you always have the opportunity to make money or get stuck. What truly allows you to continue making profits is patience and not being greedy. $BTC #加密市场回调 #美联储放鹰
A good time to gradually enter during a decline, patiently waiting for a rebound.
LIVE
独领风骚必暴富
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This market situation has probably stunned many people! At this moment, no one is asking if that low entry point can be reached anymore. Instead, it's more about 'I've been stuck again!' Sending good luck 🧧, pay attention to Brother Sao's updates and listen to the live broadcast! I will guide you on position management and asset allocation! A downturn is an opportunity! If you haven't joined Brother Sao's exclusive Binance KOL chat room, just directly enter using the articles with yellow text!
Everything will rise back up. Babies, what you need the most right now is to wait. The more intense the drop is now, the more exciting the rise will be later. $BTC $ETH $BNB #币安Alpha项目公布 #加密市场回调 #萨尔瓦多增持BTC #比特币战略储备 #圣诞行情预测
Follow the Binance Square live streamer “Finance Golden Army pro” for the wealth code, make sure to give a follow and a thumbs up 👍, and earn millions every day 🤩 ⚠️ Every morning at 8:00: Cryptocurrency morning news ~ market trend analysis, current market layout, trading strategies and tips…
Binance ETH Ethereum short-term operation strategy (2024.12.20)
1. Ethereum follows the trend of the big bitcoin market, and the medium and short cycles resonate with the downward trend. In the 1-hour small cycle, use the head and shoulders bottom pattern layout and short the price at highs;
2. Near the right shoulder pressure level of 3540, enter the market with a single ambush and light position;
3. Add positions near the double top pressure level of 3700 to unwind;
⚠️The above analysis is for reference only. Please fasten your seat belt when entering the market and take stop loss and three unwinding protection measures;
After years of trading cryptocurrencies, my deep feeling is that ensuring survival is more important than anything else! Predictions are very difficult, or rather, no matter how perfect the prediction is, it cannot completely eliminate the possibility of mistakes, and a single fatal mistake can ruin everything. Compared to making accurate predictions, good defense is much easier to achieve. That is to say, regardless of whether the predictions are correct or not, the first step is to ensure sufficient defense, trying to guarantee that no matter how correct or incorrect one's operations are, one will not go bankrupt due to mistakes. For contracts, pushing the liquidation price to an almost impossible position is more important than anything else. Of course, I do not advocate holding onto losing positions; no one wants to do that, but I definitely do not want to go bankrupt after over-leveraging. You tell me not to over-leverage? Nonsense! What I need to do now is, Powell, shout however you want, Mentougou, sell or not, Grayscale and BlackRock, buy or not, it doesn't matter whether I make money or not. At least I can ensure that no matter how you shout, how you pump or dump, I won't go bankrupt, and I can sleep peacefully. This is all I want to do now; the rest will be left to fate. As the saying goes, planning is up to man, but success is up to heaven. I'll focus on surviving first, and leave the rest to destiny, after all, great wealth relies on fate, and cannot be controlled by human effort. If it’s not in your fate, no matter how high-frequency trading you do, it’s all nonsense. $BNB
Everything will rise back up. Babies, what you need the most right now is to wait. The more intense the drop is now, the more exciting the rise will be later. $BTC $ETH $BNB #币安Alpha项目公布 #加密市场回调 #萨尔瓦多增持BTC #比特币战略储备 #圣诞行情预测
The essence of trading is actually a profound dialogue with one's own humanity. What you think trading is may be staring at the screen, relying on various technical indicators and strategies to decide buy and sell, as if engaging in an intense battle with the market. But the real trading world tells you that this is actually an inner battle. You need to overcome your own greed, conquer fear, rid yourself of the impatience during profits and hesitation during losses, and also avoid the impulse to blindly follow the crowd. All of this is actually unrelated to the market itself, but is deeply rooted in your own heart. Therefore, rather than saying that trading is a game against the market, it is more accurate to say that in the process of trading, we are always struggling with our own humanity. Trading often requires us to act against the instincts of human nature.
This is when people start to panic. Will the market go back below 90,000? Are you holding on to your long orders? Set a good stop loss! This market trend is not that fast.
Listened to Saoge's live broadcast and watched Saoge's updates to get it done.
LIVE
独领风骚必暴富
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Good luck before going to bed🧧Let's share good luck together! Pay attention to Brother Sao and keep an eye on this wave of layout. You must get big profits during the Spring Festival! $ETH
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