đ Exciting News from Korea Blockchain Week 2024! đ
Get ready for KBW2024: IMPACT, the premier blockchain event in Asia, happening on September 3-4 at the Walkerhill Hotel & Resort in Seoul. This yearâs lineup is stellar, featuring over 300 experts, including Mark KarpelĂšs, former CEO of Mt. Gox, and Chris Dixon from Andreessen Horowitz.
- **Mark KarpelĂšs**: A blockchain pioneer since 2009, now CTO at EllipX.
- **Chris Dixon**: Author and VC, headlining the Kickoff Event on September 1st.
Join us to explore the latest in blockchain, Web3, and AI. Share your thoughts in the comments! đŹ
#KBW2024 #Blockchain #Web3 #Crypto
According to the Crypto Basic Analytics:
Analyst Says Bitcoin $BTC to $250K as Most Powerful BTC Bull Run Phase Begins
As Bitcoin struggles at the $60,000 territory, market analyst Aurelien Ohayon recently asserted that its most powerful bull run has just begun.
Ohayonâs recent calls attention to an interesting pattern in Bitcoinâs long-term price movements. With this, he suggested that the most potent phase of the current bull run is just beginning.
Notably, the accompanying chart traces Bitcoinâs historical tops and bottoms across three previous market cycles. Each cycle features a steep climb to a new all-time high, followed by a significant decline and a period of consolidation before the price surges once again.Â
This pattern was evident from Bitcoinâs first major peak on the chart, attained in November 2013 when the price soared to $1,163. After reaching this peak, Bitcoin underwent a steep correction, eventually bottoming out at $152 in January 2015.
From this low, Bitcoin embarked on a remarkable recovery, culminating in a second peak of $19,666 in December 2017.
Notably, during previous cycles, Bitcoin never reached a new all-time high before a halving event. However, the March 2024 all-time high came up a month before the latest halving event in April. Some have attributed this to the advent of institutional investors through the spot Bitcoin ETFs, launched in February.
Despite this impressive gain, Ohayon suggests that Bitcoin has not yet reached its peak for this cycle. The chart indicates that the most powerful phase of the bull run is still ahead, with the potential to drive Bitcoinâs price to an astonishing $250,000.Â
The analyst based this projection on the assumption that Bitcoin will follow a similar trajectory to previous cycles, with the final stage of the bull run featuring exponential gains. Market Veteran Brandt had previously asserted that $73K was the top for this cycle. Nonetheless, he recently reviewed his analysis, projecting another pump to $92K.
Current Statu
DOGS is at $0.0011 with strong trading volume of $910 million, despite a recent 5% dip.
Market Overview
With a market cap of $728.89 million and 516.75 billion coins in circulation, DOGS is in the top 100 cryptocurrencies.
Whale Activity & Sentiment
Bullish whale activity and positive market sentiment are fueling excitement.
Key Developments
The upcoming Binance listing could boost DOGSâ visibility and trading volume. Gains on exchanges like MEXC and Uniswap are also expected.
Analyst Predictions
Analysts are optimistic, forecasting a 118.84% price increase by mid-September, but hitting $0.5 would be a major leap.
What to Watch
- Market sentiment and whale trades.
- Exchange listings, especially on Binance.
- Overall crypto trends.
In summary, DOGS is set for a thrilling ride. Whether it reaches $0.5 remains uncertain, so stay informed and trade wisely!
$RARE /USDT
Understanding support and resistance levels is crucial for any trader or investor. **Support** refers to a price level where a stock or asset tends to find buying interest, preventing it from falling further. It's like a floor that prices bounce off. On the other hand, **resistance** is a price level where selling pressure prevents the price from rising further, acting like a ceiling.
Identifying these levels helps traders make informed decisions. When a price approaches a support level, traders might look to buy, anticipating that the price will bounce back. Conversely, when a price nears resistance, they might sell, expecting the price to fall back.
The **"it spot"** is a key area where support or resistance levels are likely to influence the price action significantly. This zone is where traders often see high volumes of transactions, as many market participants are watching these levels closely.
In practice, support and resistance are not exact prices but zones. Prices can fluctuate slightly above or below these levels before reversing. Understanding these concepts allows traders to set better entry and exit points, manage risk, and increase their chances of making profitable trades.#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole
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đąđą $SUN is moving toward Sky đ
$SUN is shining bright today! đ Currently trading at $0.03653, up by +11.27%! This surge is reflected in the impressive 4-hour chart, which shows a strong upward momentum.
đ Price Action: $SUN has broken through recent resistance levels, hitting a 24-hour high of $0.03720. The price momentum over the past few hours suggests that bulls are in control, pushing the price up by +6.28% in the latest session.
đ„ Market Sentiment: With a 7-day gain of +14.05% and a stunning 90-day performance of +197.89%, SUN is showcasing resilience and strong bullish behavior. The long-term trend remains highly positive with a 1-year growth of +595.81%.
Traders should watch for the next resistance around $0.03720. A sustained move above this level could indicate further upside potential.
#Write2Earn! #CryptoNewss #BinanceSquareFamily #AltcoinRally #TradingAlert
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đ Binance is back on track! After a slight delay, the exchange is now ready to support Cardano's (ADA) Chang hard fork on Sept. 1.
- Deposits and withdrawals on the Cardano network will be paused to avoid technical hiccups.
- Binance will handle all the techy stuff, ensuring ADAâs smooth transition.
- Charles Hoskinson, Cardanoâs founder, says this upgrade kicks off the âAge of Voltaire,â aiming for fully decentralized governance.
So, buckle up, ADA holders! The future looks decentralized and bright. đ
Source: Charles Hoskinson
Polygon Bear Cycle Warns $MATIC Price Drop To $0.38! - CoinPedia Analytics
Following the bullish breakout of a falling channel pattern, the MATIC price failed to surpass the $0.60 peak. Last week, the altcoinâs price jumped 27.43%, resulting in a massive bullish engulfing candle in the one-week chart. However, the increased market volatility led to a quick downfall in Polygon. The growing bearish momentum quickly undermines last weekâs recovery run and accounts for an 18.86% drop this week. Furthermore, the MATIC price lost dominance over the $0.50 psychological mark, and the crypto price today is at $0.4256. In the daily chart, the MATIC price action reveals a series of five bearish consecutive candles, testing the broken resistance trendline.Â
With the bearish continuation, the MATIC price could slip back into the falling channel pattern and put $0.38 at risk. A bearish breakdown could result in an extended fall to the support trendline near $0.3470. However, on a bullish front, a double-bottom reversal from the $0.38 support level is a potential hope for buyers. As it remains a crucial demand zone known for reverting the MATIC price, the bullish divergence in RSI will be a positive indicator.
đ Telegram Coins SUN, DOGS & NOTCOIN Steal Spotlight From Solana
Telegram coins like #SUN , #DOGS , and #NOT have recently gained popularity, diverting attention from Solana. But Solana price can stage a rebound soon.
Telegram meme coins have been in the spotlight for a while due to the overly successful mini-Apps technology on the messaging platform. In the past few days, Tron (TRX) and Ton (TON) have been sharing the limelight with their top meme coins: Sun Token (SUN), Dogs (DOGS), and Notcoin (NOT), while Solana hype reduced drastically as volume moved to these two chains. However, Solana may have found robust support and may rebound soon.
đž Telegram Coins Threaten to Break Ton Network
On August 26, Dogs, a Telegram mini-app coin, launched in the Ton blockchain. While the launch was a success, it left the network in tatters as congestion caused transactions to get stuck.
According to Ton Stat, the image to the left shows a Ton blockchain on a normal day, while the one to the right shows the network during the DOGS launch. The white vertical lines here indicate all the issues and delays (latency) experienced while using TON-related services during the launch.
Finally, the Ton Foundation called on validators to restart their nodes with specific flags to re-establish consensus, temporarily suspending deposits and withdrawals to and from crypto exchanges.
Similarly, the launch of Notcoin in May led to a more than 40% increase in the price of #TON , though in terms of network congestion, NOT was relatively easy on the main chain.
Following the launch, the price of DOGS stagnated as the market awaited news on the release of Telegram founder Pavel Durov, who was imprisoned in France.
On August 28, DOGE price experienced a slight spike after reports of Durovâs release surfaced on the crypto X space. However, once it became clear that he would face official charges, DOGS entered a consolidation phase, fluctuating between $0.0016 and $0.0014.
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South Korean Tech Giant Naver Partners with Chiliz to Launch Crypto Wallet
The wallet marks Naver's first push into the cryptocurrency space.
South Korean technology giant Naver has announced the launch of its first-ever cryptocurrency wallet, Naver Pay Wallet, in collaboration with the sports-centric blockchain platform Chiliz.
The wallet, which is currently in its beta phase, marks Naverâs first push into the cryptocurrency space.
In a recent post on X, Chiliz, a Layer 1 blockchain known for its support of fan tokens, revealed that it has been selected as the inaugural blockchain for the Naver Pay Wallet.
33 Million Naver Users to Gain Access to Crypto Wallet
The move will potentially give over 33 million Naver users access to the wallet, signaling a major integration of blockchain technology into South Koreaâs digital ecosystem.
Naver, often referred to as âthe Google of South Korea,â operates the nationâs most widely used search engine.
According to Similarweb, Naver was the most visited website in South Korea last month, boasting 1.7 billion visits.
The management of the Naver Pay Wallet will be handled by Naverâs subsidiary, Naver Pay, which currently serves over 97,000 merchants. @Chiliz $CHZ
A whale wallet claimed all 30,007 #ETH ($78.67M) and deposited 24,007 ETH ($61M) to #Coinbase over the past 3 days, leaving 6,000 ETH ($15.16M).
Meanwhile, a new wallet withdrew 21,912 #Ethereum ($55.32M) from Coinbase and staked it in #Lido .
Are these two wallets related?