The crypto market has taken a sharp downturn, as reflected in the latest price action. Leading the losses are tokens like SLF, FLOKI, and HARD, all of which have seen double-digit percentage drops in the past 24 hours. This decline appears to be driven by a combination of factors, including profit-taking after recent rallies, macroeconomic uncertainties, and a broader market sentiment shift.
SLF is down by 22.73%, FLOKI has dropped 20.22%, and HARD has lost 14.85% of its value. These significant declines signal a potential risk-off sentiment among traders, where they are moving away from riskier assets due to concerns over global economic stability and regulatory scrutiny in the cryptocurrency market.
On the other side, some tokens like $RDNT and $SUN have managed to stay in the green, with $RDNT up 11.33% and $SUN up 5.63%. These gains could be attributed to specific positive developments, such as $RDNT's recent investment from Binance Labs, which has fueled optimism about its future growth.
Traders should exercise caution in this volatile environment. For those considering new positions, it may be wise to wait for clearer signs of market stabilization before entering. Alternatively, short-term traders might find opportunities in these sharp movements, but this comes with higher risk. Keep an eye on key support levels, as a break below could signal further downside pressure across the market.
#CryptoMarketMoves #BinanceBlockchainWeek #BlackRockETHOptions #DOGSONBINANCE
đ Breaking Crypto News đ
đ„ The crypto market is buzzing with excitement as $BTC surges past $30,000, hitting its highest level in weeks! Analysts predict a strong bullish trend ahead, with major altcoins following suit. đ Ethereum is also gaining momentum, crossing the $2,000 mark.
đ The market sentiment is overwhelmingly positive, with traders eyeing potential new highs. Stay alert, this could be the beginning of a major bull run! đ°
Donât miss out on the actionâkeep your portfolios ready for quick moves!
đ· The benefits and rights of G holders :
G holders enjoy governance rights, enabling them to vote on important decisions affecting the Gravity ecosystem. They also benefit from staking rewards, exclusive access to certain features, and potential airdrops.
đ· The future prospects for the Gravity chain:
The Gravity chain is poised for significant growth, focusing on interoperability and enhanced security. Its integration with multiple blockchains positions it as a key player in the decentralized ecosystem, with expanding use cases and partnerships on the horizon.
đ· The future of Galxe powered by Gravity:
Galxe, powered by Gravity, is set to revolutionize digital identity management. With Gravityâs robust infrastructure, Galxe aims to offer seamless, secure, and user-friendly identity solutions, becoming a cornerstone of the decentralized web.#GravityAlfhaMainnet #TelegramCEO #BNBChainMemecoins #CryptoNewss #BlackRockETHOptions
Radiant Capital ($RDNT) has been showing strong momentum recently, surging over 10% following a $10 million investment from Binance Labs. This DeFi lender is making significant strides by addressing liquidity fragmentation in decentralized finance, which has positioned $RDNT as a key player in the space. The current price is hovering around $0.0743, with increasing trading volume indicating continued interest. The outlook for $RDNT is bullish, especially given the recent influx of capital and growing adoption across multiple chains.
On the other hand, Sun ($SUN), a governance token within the TRON ecosystem, has also shown positive movement, climbing 5.10% to $0.03399. The token has benefitted from renewed interest in TRON-based decentralized finance platforms, with a notable increase in trading volumes as well. As $SUN continues to gain traction as a multifunctional governance token on TRON's platform, the short-term trend appears positive, with potential further upside as the ecosystem expands.
For $RDNT, consider entering long trades above $0.0750 with targets at $0.0800 and $0.0850, placing stop-loss orders around $0.0720. For $SUN, long trades above $0.0340 look promising with targets at $0.0360 and $0.0380, while maintaining a stop-loss at $0.0320.
Monitor these levels closely and adjust positions based on market conditions. Both tokens are currently trending upward, and entering on these signals could provide favorable returns.
#CryptoMarketMoves #BNBChainMemecoins #DOGSONBINANCE #BlackRockETHOptions #Write2Earn!
ICYMI: This week at Oceanđ
Itâs been a big week, Oceaners!
Ocean Nodes update
With over 2250+ nodes, We kicked off the ONBs, offering a 1.5x rewards multiplier based on node uptime.
This will run until September 26th, so make sure your node stays active to maximize those rewards!â
Learn more about Ocean Nodesđ https://t.co/nkxMsqfGjD
The Crypto Factor Modeling Data Challenge has ended
We wrapped up the Crypto Factor Modeling #DataChallenge with @numerai on August 27thđ
We have many impressive submissions, participants developed multi-factor risk models to analyze cryptocurrency price varianceđ
Learn more here: https://t.co/VRuT3zMCXL
Predictoor Data Farming
DF Round 104 has concluded, and weâre gearing up for Round 105 which runs until September 5th.
Get started here đ https://t.co/SyjoFmeF1B
Ocean Zealy Campaign Season 4
And finally, weâve reached the last stretch of the Ocean Zealy Campaign Season 4! With over 2,400 participants, itâs been an incredible journey.
Donât forget to complete your remaining quests by August 31st at 12:00 PM UTC for your chance to climb the leaderboard.
Finish strong and join the funđ
https://t.co/ncLFSC3GNd
Letâs keep the momentum going! đȘ
đ Despite the crypto turmoil, there's a silver lining! Lawyers have raked in a whopping $751M in fees from crypto bankruptcies since 2022. Major firms like Sullivan & Cromwell are leading the charge, with FTX, Genesis, and Terraform cases generating the most revenue. âïž
As the market stabilizes, legal fees are slowing down, but the work isn't over yet. With ongoing SEC lawsuits and heavy lobbying, law firms continue to thrive amidst the crypto chaos. Stay optimistic, the crypto world is evolving! đ #CryptoNews #Blockchain #Web3 #Metaverse
đ Crypto may be a rollercoaster, but lawyers are having the ride of their lives! Since 2022, they've pocketed a whopping $750M from crypto bankruptcies. đž
1. **Big Bucks Breakdown**: Top firms handled 7 major Chapter 11 cases, raking in $751M. FTX, Genesis, and Terraform Labs lead the pack, generating millions monthly.
2. **Top Earner**: Sullivan & Cromwell billed $215M from FTX alone! Not quite Lehman Brothers level, but still impressive.
3. **Future Outlook**: Legal fees are slowing as the market stabilizes, but with SEC lawsuits and lobbying, law firms aren't closing shop yet.
What do you think? Share your thoughts below!
LUMOS to Surpass PEPE and SHIB? Well, Letâs Wait and See â The KING đ Is Coming đ
As KING $LUMOS prepares to make its mark, the big question is whether it can surpass giants like PEPE and SHIB. Hereâs why this could be more than just speculation:
1. Rising Potential: KING $LUMOS is positioned as a strong contender in the memecoin market, with early signs pointing to significant growth.
2. Unique Strategy: Unlike PEPE and SHIB, $LUMOS is launching with a strategic plan that includes high APR farming opportunities and upcoming listings on major exchanges.
3. Community Momentum: The $LUMOS community is growing rapidly, and their support could be the driving force behind its rise, potentially challenging even the biggest names in the space.
4. Innovative Features: With innovative features and a clear roadmap, $LUMOS is setting itself up to compete with and potentially surpass established memecoins like PEPE and SHIB.
5. Market Anticipation: The anticipation surrounding KING $LUMOSâs debut is building, and many are eager to see how it performs in comparison to PEPE and SHIB.
In summary, while PEPE and SHIB have made their mark, KING $LUMOS could be the next big name in memecoins. Whether it will surpass them remains to be seen, but one thing is certain â the KING is coming. Keep an eye on this one! Do Your Own Research (DYOR) and consider your risk tolerance. đđ
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#DOGSONBINANCE #PowellAtJacksonHole #DOGSONBINANCE #BinanceBlockchainWeek #TelegramCEO
$BTC $BNB $ETH
âš One Year Ago, A Game-Changing Court Ruling!
Exactly 1 year ago, a U.S. court declared the SEC was wrong in rejecting #Bitcoin ETF applications. Since then, 11 ETFs have collectively amassed 776,464 BTCâproving the power of institutional adoption! đŠđ„
Yet, the struggle continues.
Meanwhile, $XRP had its own rollercoaster, initially pumping like a rocket đ with the court ruling in favor of Ripple in its battle with the SEC. But under Gary Genslerâs appeals watch, the regulatory clouds gathered again, causing XRP to fall from the sky đ§ïž. The ongoing legal saga shows just how much we need change in crypto regulations.
It's time to #FireGaryGensler and push for a fair and progressive crypto regulatory environment.đ„
Let's continue the fight for innovation and financial freedom! đȘđ
#ripple #BTC #CryptoNews #Blockchain
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đš Massive Sell Wall on $BTC
You have to survive until the FOMC on the 18th! The market is doing everything it can to shake you out!
đșđž The US Nasdaq just pulled back by -0.66%, and #Bitcoin followed suit, dropping below the critical 60K level.
Open Interest has been flushed by almost 3%, equating to nearly $1 Billion USD!
This is a typical GDP dayâhard rally, followed by a pullback to flush out late longs. Stay calm, this is nothing unusual!
#bitcoin #BTC #cryptocurrency #MarketUpdate #fomc #Nasdaq #Trading
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đ **Crypto News Flash: Financial Giants Shake Up the Digital Asset Market!** đ
Hey crypto enthusiasts! đ Big news in the digital asset world as major financial players like JPMorgan, Fidelity, and Tesla dive into cryptocurrencies, bringing legitimacy and trust to the market. Remember when Tesla bought $1.5 billion in Bitcoin? That move skyrocketed BTC's value and made waves across the industry.
But wait, there's more! BlackRock, the world's largest asset manager, is now eyeing Bitcoin-related products for its clients. This shift is introducing new market dynamics, with sophisticated strategies and long-term focus from these big players.
What does this mean for us? Expect greater regulation, more diversified financial products, and seamless integration with traditional finance. The crypto landscape is evolving, and Bitcoin is leading the charge!
What are your thoughts on these changes? Drop a comment below and let's discuss! đŹ
đ„đ„đ„ Expert Says #bitcoinâïž âWill Do Betterâ Under #kamalaHarris
As the 2024 U.S. Presidential Election approaches, Bitcoin supporters are increasingly speculating about how the election's outcome might impact the crypto market.
Among the Bitcoin maximalist community, opinions are divided on which candidate would be more favorable for Bitcoin.
One prominent Bitcoin advocate, Rajat Soni, has stirred debate by suggesting that a Kamala Harris victory could have profound effects on Bitcoin. Soni argues that under a Harris administration, the U.S. dollar might rapidly devalue, potentially leading people to turn to Bitcoin as a safer alternative. He believes that as the dollar loses value, Bitcoin's appeal as a store of wealth would increase, possibly leading to significant growth in its value compared to traditional assets like real estate.
In contrast, some community members think Bitcoin might fare better under Donald Trump. One such commenter proposed that Trump's plan to have the U.S. government buy one million Bitcoins for its strategic reserve could greatly enhance Bitcoin's value. Soni, however, expressed skepticism about Trump's commitment to such a plan & warned that it might result in a deliberate devaluation of the dollar.
The uncertainty surrounding the election is reflected in the betting markets on Polymarket, which show a tight race. As of the latest update, Trump has a slight edge with a 50% chance of winning, while Harris is close behind at 49%. This narrow margin underscores the high stakes & potential impact on the cryptocurrency market.
Adding to the speculation, a prominent crypto trader recently predicted that Bitcoin could drop to $16,000 if Harris wins the presidency. This level was last seen during the 2022 market downturn, which followed major events like the collapse of Terra & the bankruptcy of FTX.
These predictions illustrate how macroeconomic factors & government policies could significantly influence Bitcoin, despite its decentralized nature.
Source - thecryptobasic.com
#CryptoTrends2024 #BinanceSquareTrends
đ„ Wanna build apps that react instantly to market changes?
â
We're excited to announce our partnership with @PythNetwork, available on Sonic at launch!
â
We're bringing Pyth's oracle speed and reliability to #Sonic, enhancing the overall DeFi experience for all developers and users mainly through:
â
đč Price Feeds
Provides developers with real-time and historical financial market data for 500+ assets, contributed by reputable first-party data providers.
â
âĄïž Express Relay
Enables protocols to eliminate their MEV while gaining access to active searchers and liquidators.
â
đČ Entropy
Allows developers to quickly and easily generate secure random numbers on-chain.
â
Fueled by Pyth's data and #Sonic's speed, developers will now be able to build next-gen apps across DeFi, gaming, and more!
Hook Coin: The Hidden Gem About to Unleash Its Potential
Hook Coin (HOOK), a lesser-known gem in the vast cryptocurrency landscape, is quietly amassing a dedicated following. With its innovative approach and strong community, HOOK is poised to break out and embark on a meteoric rise.
One of HOOK's standout features is its commitment to decentralization. The project operates on a Proof-of-Stake (PoS) consensus mechanism, ensuring that power is distributed among the community rather than concentrated in the hands of a few. This democratic approach fosters trust and transparency, creating a more equitable ecosystem.
Beyond its technical prowess, HOOK boasts a vibrant community that is passionate about driving its success. The HOOK community is actively involved in development, marketing, and supporting other members, creating a positive and collaborative environment. This strong sense of camaraderie is a testament to the project's potential for long-term growth.
As the cryptocurrency market continues to evolve, HOOK is well-positioned to capitalize on emerging trends. With its focus on decentralization, community-driven development, and innovative features, HOOK has the ingredients necessary to become a major player in the industry.
Are you ready to hook onto the next big thing? Join the HOOK community and be part of the journey. Take a look at our bio @EliteDailySignals for more crypto insights.
#Hook.đ #HOOK/USDT #HOOKUSDT #HOOK/USDT #TrendingTopic $HOOK @HookedProtocol @EliteDaily
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âĄïž Will DOGE Price Hit $1 in 2024?
DOGE price faces a pivotal year after recent legal victories and market challenges. Can it surpass its previous highs amid fluctuating investor interest?
Dogecoin (DOGE) price, a meme-based cryptocurrency, has recently faced a downturn. Despite persistent bearish pressures mirroring broader market challenges, the coin is now moving toward a stabilization phase. However, with the current market corrections, Dogecoin has the potential to achieve further gains in the near future.
đž #DOGE Price Fluctuates as Musk Wins Lawsuit
Elon Musk and Tesla have been acquitted in a $258 billion class-action lawsuit alleging cryptocurrency market manipulation involving Dogecoin. The court ruled that Muskâs statements were not misleading and that investors should not rely on such remarks for investment decisions.Â
Following the verdict, the DOGE experienced a slight price drop. Despite this, the outcome marks a significant legal victory for Musk and Tesla, reinforcing their reputations amid ongoing scrutiny of cryptocurrency markets.
đž #Dogecoin Price Eyeing New Highs Amid Bearish Trend
Over the past 24 hours, the Dogecoin price has experienced fluctuations, reaching a low of $0.09854 and a high of $0.1025, indicating the volatility typical of the cryptocurrency market. At the time of writing, the DOGE price hovered at $0.1015, reflecting a 0.60% increase on the day.
The technical indicators for DOGE suggest a mixed outlook. The Relative Strength Index (RSI) hovers around the neutral zone, indicating that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) shows signs of a potential bearish, which could signal a downward trend.
Recent data from Santiment reveals a significant decline in Dogecoinâs whale transaction count and social volume over the past few months. The chart highlights a notable drop in whale transactions above $100,000 USD and a corresponding decrease in social media discussions.
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