🎣 Has binance published something official about the ongoing reduction of APR in fixed staking (simple earn) products? ❓️

#SimpleEarn #BNBHODLer

I would like to understand the reasoning behind it and know what APR I can expect in the next time for my simple earn products.

The most distinct reduction for me is for $BNB . Until April APR was about 3,5%.
Now, after steady reduction, it's only at 0,34%.

Other rewards that decreased for me is SOL, from 8,5% to 5,6%, ATOM from 15% to 13% (and I think this will be lowered even more soon), APT, RAY (don't know the specific values for these).

For BNB the airdrops and launchpools are a very welcome (over)compensation for the reduced APR. But for the other named tokens it's simply less attractive for me to hold it in simple earn now.

🤓 What is your experience with it? Have your simple earn products seen similar developments? Tell me your insights please!

$WLD - It's getting really bad.
After I made my post yesterday about worldcoin, I was not expecting seeing this coin again in the TOP losers list, 2nd from last. It's on a day where the market looks very positive. Which shows even more how weak (and scammy) this project looks meanwhile.

Binance added the monitoring tag to some coins today. Why not to worldcoin? It looks like it's in equal bad territory.
#monitoring

🔻 $WLD - probably one of the biggest disappointments of 2024.

The daily charts give an impressive idea. An enourmous hype turned into massive desperation and a selloff. Only few retail investors are still above water. Those who bought in the short period when it was below $2.

I am lucky that I am not involved in it. Although I considered investing when it pushed towards $5. Lucky me also had in mind that Sam Altman is somewhat shady and I have little sympathy for the project itself. And so I discarded this idea.

If it gets worse and even $1 seems to be reached, I would expect a significant (dead cat) bounce. #deadcatbounce

🏄‍♀️ We want a new #Launchpool‬

Now that APR for $BNB is down to just 0.34% I demand that this decline is compensated with more launchpools 😁
I would like one or two launchpools per month until the end of the year. There were 4 in January. But only one so far in June.

❓️ How is hodling BNB for you? Are you satisfied with the benefits?

#Megadrop is a nice addition. I like that it offers a multiplier to the reward system 🤤

It's going as planned: #BTCdominance vanishes 💢

After bouncing around the 55% mark, bitcoin dominance fell lower and seems to head towards 53% now.

Although the price of bitcoin declined from 64k to 60k today, most #Altcoins👀🚀 did lose less, percentagewise 😎 I expect that alts will rise with fast pace when #btc starts to have gains again. That is what I described in my earlier post.

Happy hodling to all of you. It's coming to a good end in 2025 🤑

🏄‍♀️ Finally the ties between $BTC and alts have been cut.
By this I mean alts aren't falling anymore when BTC goes down. They do the opposite!
This might be the long awaited comeback of #AltCoinSeason 🤠

I was making a statement about this situation in an earlier square post:BTC Dominance chart.

During the last two days it seems to have become even more obvious that the phase of total BTC dominance might have come to an end. There is now a triple top and the decline since Wednesday is pretty steep. Do you agree with me?

I've bought $GRT and $ADA at the local low. Wish you all best of luck and strong hands!

BTC #Dominance topped.

It's the third time $BTC dominance was near or at 57%. The last two times that this happened it decreased over the following days towards 53,5%.
It does not sound like much. But in such phases altcoins were able to gain significantly. Because their marketcap is so much lower than bitcoin's, in a phase where bitcoin dominance decreases by 3%, alts are usually able to gain in the range of 20% to 50%.

Honestly I am relieved to see that the markets downturn haltet for the moment. And it should continue to be good for #Altcoinseason2024 for a couple of days considering how bitcoin's dominance started decreasing.
I hope you did not panic sell during the last couple of days. I was lucky to buy into $GRT at the low.

Hold strong! We are in the oversold area.

In general, I recommend not selling this year. #PatienceWins

#altcoins gave away 50% or more off their March highs. In a very short time frame. If you want to sell, don't do it now. At least let the counter movement unfold for a month. Gains of 30% to 40% of current prices are very likely. Why do I think that?

$BTC hit the same support line today that it touched when it dropped to 56k in May. It's next movement will be back towards 72k and it will drag prices of alts with it, if that happens.

It's also a good chance to get more $BNB right now. Binance is doing everything in their means to stabilize it around $600.

It's a contest about #patience.

I decided not to buy #TON. It's not a good opportunity right now.

And with NOT, well there were so few coins in the green yesterday that it was inevitable that people would strive for some last ressorts. Which were $RPL , $NOT , and to some extend $IO .
There seems to be an increased trust in tokens that are launched lately. Whyever.

I could restrain myself from buying more altcoins. But the fomo is there.
I didn't see a 15m candle on bitcoin yet which would signal a bullish turnaround. I mean that one yesterday at 6pm (UTC+2) was quite high in volume. But for me, a clear turnaround would be something like thrice that volume. If I see that, I dca another 500€ into $GRT or something promising.
Short term I am feeling that we will have another leg down. Long term I am still seeing the bullrun into 2025.
It's a contest about patience.