âïž Donald Trump Earns Over $7 Million from NFTs, Holds Up to $5 Million in Crypto đ°
đ Former U.S. President Donald Trump has reportedly earned more than $7 million from his ventures in NFTs, and his crypto holdings are estimated to be up to $5 million. This revelation highlights Trumpâs significant involvement in the digital asset space, despite his previous criticisms of cryptocurrencies.
đŒ The earnings come from the sale of Trump-branded NFTs, which have garnered attention and substantial sales. His growing involvement in crypto demonstrates the increasing mainstream acceptance of digital assets.
đ Trump's financial interests in the crypto world add an intriguing layer to his business portfolio, reflecting the broader adoption of blockchain technology.
#MarketDownturn #BinanceLaunchpoolTON #BinanceTurns7 #Write2Earn! #BTCâ $BTC
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$ETH
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$BNB
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$1000SATS /USDT
**Spotting Trends and Building Resistance in the Market**
In the ever-evolving landscape of financial markets, identifying key price levelsâknown as *support* and *resistance*âis crucial for traders and investors. Support is the price level where an asset tends to find buying interest, preventing it from falling further. Resistance, on the other hand, is the level where selling pressure builds, preventing the asset from rising further.
Spotting these levels can be the difference between success and failure in trading. They act as psychological barriers for price movement, often indicating potential reversal points or continuation of trends. For instance, if a stock repeatedly bounces off a certain price level, that level is identified as a strong support or resistance.
However, the concept of *resistance* goes beyond just price levels; it also refers to an asset's ability to withstand selling pressure. The stronger the resistance, the harder it becomes for the price to break through.
Traders use various tools, such as moving averages, trend lines, and volume analysis, to identify these levels. Mastering the art of spotting support and resistance is fundamental to developing a robust trading strategy, allowing for better decision-making and risk management in the market.#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn #SahmRule #BlackRockETHOptions
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BNB ($539.3, +3.47%)
BNB, Binance's native token, has seen a strong upward movement today with a 3.47% increase in price. This rise may be attributed to the growing activity on the Binance platform, where BNB is used to pay for transaction fees, staking, and other utilities within the ecosystem. The price increase suggests bullish sentiment among traders, possibly fueled by recent developments or announcements within the Binance ecosystem.
BTC ($59,580.15, +0.70%)Bitcoin, the largest cryptocurrency by market cap, continues its steady climb with a modest 0.70% gain today. While this might seem small compared to other altcoins, BTC's consistent growth highlights its resilience and dominant position in the market. Factors contributing to this rise could include increased institutional interest, positive regulatory news, or the overall bullish trend in the crypto market.
ETH ($2,607.60, +0.35%)Ethereum, the leading platform for decentralized applications and smart contracts, has seen a slight increase of 0.35% today. This steady performance might be linked to ongoing developments in the Ethereum ecosystem, such as the anticipation of future network upgrades or the continued growth of decentralized finance (DeFi) and non-fungible tokens (NFTs) on the platform.
RARE ($0.271, +51.48%)RARE has been the standout performer with a massive 51.48% surge in price. Such a significant increase could be driven by a major partnership, exchange listing, or a breakthrough in the project's development. This kind of spike often indicates strong investor confidence or market speculation, making RARE a coin to watch closely in the short term.
SummaryOverall,
today's market snapshot showcases a mix of strong performances from both major cryptocurrencies like BTC and ETH, as well as significant gains from smaller altcoins like RARE. Investors should keep an eye on these trends, as they can indicate broader market sentiment and potential opportunities for trading or long-term investment.
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SuperRare is a marketplace for crypto art, specializing in the buying and selling of non-fungible tokens (NFTs). This platform features a carefully selected collection of digital artworks created by both well-known NFT artists and emerging talents, branding itself as a blend of "Instagram and Christieâs." Its emphasis on quality over quantity has given SuperRare a distinguished reputation in the NFT market.
Launched in 2018, SuperRare focuses exclusively on art-centric NFTs, typically excluding NFTs related to digital gaming assets, domains, or music. The platform showcases a diverse range of artistic styles, from photorealistic illustrations to psychedelic and conceptual pieces. Initially, SuperRare functioned as a high-end art gallery, featuring exclusive NFT collections from renowned artists vetted by its core team. However, in 2021, the platform introduced the RARE token to enable community governance, evolving into a decentralized autonomous organization (DAO) managed by its network of artists and collectors. SuperRare has attracted significant investment from notable figures and entities, including Samsung Next, Mark Cuban, and Ashton Kutcher. #RARE/USDT. $RARE
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BITCOIN TODAY'S TREND $BTC $ETH
Bitcoin is currently showing signs of a potential uptrend.
1. It's trading above $59,000, suggesting some bullish momentum.
2. Increasing institutional demand, with more hedge funds buying Bitcoin ETFs, could further drive the price up.
However, it's important to be cautious.
1. The market is still volatile, and altcoins are showing mixed performance, indicating uncertainty.
2. Bitcoin recently failed to break through the $62,000 resistance level, which could suggest potential selling pressure at higher prices.
Overall, the current Bitcoin movement suggests a possible upward trajectory, but it's crucial to stay informed and monitor market developments closely.
#Write2Earn! #BinanceSquareFamily #BTCâ #MarketDownturn #BinanceSquareCreatorAward
Bitcoin's $59K Price Could Swing Drastically Amid Election Year Parallels đłïžđ
đ Analysts are warning that Bitcoin's price, currently hovering around $59,000, could see significant volatility as the U.S. election year approaches. Historical patterns suggest that election years often bring heightened market uncertainty, which could lead to sharp price swings in Bitcoin and other cryptocurrencies.
đ The parallels drawn between past election years and the current market conditions indicate that traders should brace for potential fluctuations. With the added unpredictability of the crypto market, the coming months could be especially turbulent for Bitcoin investors.
đ As the election season heats up, all eyes are on how political developments will impact the broader financial markets, including cryptocurrencies.
#MarketDownturn #BinanceLaunchpoolTON #BinanceTurns7 #Write2Earn! #BTCâ
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COTI is a fast and light confidentiality layer on Ethereum, utilizing the advanced cryptographic protocol Garbled Circuits. Secured by Ethereum, COTI aims to offer the most sophisticated and compliant solution for data protection on public blockchains. By doing so, COTI is paving the way for the next wave of Web3 innovation and adoption. The platform seeks to enable new use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
COTI, driven by Garbled Circuits, claims to provide a privacy solution that is 1000 times faster and 250 times lighter than current options, compatible with any device, and provides a seamless user experience.
According to the project, one significant barrier to the widespread adoption of the Ethereum Virtual Machine (EVM) is its lack of confidentiality, as it leaves all data publicly accessible. This transparency does not meet the expectations of businesses, communities, and individuals who require privacy. To address this, COTI has introduced the gcEVM, an extension to the EVM that offers confidentiality by allowing private data management and operations without exposing the data, unless required by the execution itself.
COTI's native cryptocurrency $COTI operates on three distinct blockchains. Users pay transaction fees with COTI and can stake it to earn rewards. COTI supports various use cases on the Trustchain, such as e-commerce, remittances, micropayments, and more. #COTIUSD $COTI #SquareCreator
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How Chinese Traders Bypass Crypto Bans?
Despite China's stringent bans on cryptocurrency, Chinese traders and miners continue to operate using creative methods. They utilize peer-to-peer (P2P) trading on platforms like OKX and Binance, often accessing these through VPNs. While crypto transactions exist in a legal gray area, they are not outright illegal, allowing some level of participation.
Mining persists as well, with China still contributing over 20% of the global Bitcoin hashrate, despite the 2021 ban. Airdrop farming has also become widespread, with traders earning significant sums by using bots and other tactics.
Rumors of China reversing its crypto ban are unfounded, as the government focuses on promoting its central bank digital currency, the digital yuan. This suggests that the ban will remain in place for the foreseeable future.
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$NOT
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**Bitcoin Dominance: Analysts Weigh In on Future Trends**
A popular crypto analyst, Benjamin Cowen, doubts Bitcoin dominance will hit the highs seen in December 2020. Back then, Bitcoin's market cap surged 220% in three months. Cowen, founder of Into The Cryptoverse, predicts Bitcoin dominance will cap at 60%, not 70%.
Cowen notes that Bitcoin dominance dips during major altcoin seasons but slowly recovers. This cycle, he believes Bitcoin won't reclaim past dominance levels, leaving room for Ethereum and other cryptocurrencies. He expects Bitcoin to hit 60% dominance between September and December.
Currently, Bitcoin dominance stands at 57.36%, up 4.25% since mid-July. However, trader Kaleo argues Bitcoin dominance may have peaked at 57.50%, signaling a potential altcoin season when it drops below 50%.
In 2020, Bitcoin dominance hit 70.23% before a price surge to $61,283. Cowen highlights that today's market is different due to the larger stablecoin market cap. He suggests combining Bitcoin and Tether (USDT) dominance for a "flight to safety" metric, which currently sits at 63.07%.
SuperRare ($RARE ) is still on fire, surging over 70% today đ alone and a whopping 250% in the past week. This digital art marketplace is undeniably gaining traction. đ„đ
However, let's dig a little deeper. Despite the impressive price action, there were only 35 sales totaling around $24K on the #RARE platform in the past week. đ€ź This suggests that the price increase might be signals of market manipulations. đ€
Furthermore, the broader NFT market is still struggling. Overall NFT sales have dropped significantly since their peak in December 2023. đ©ïžđ
While RARE's surge is exciting, it's crucial to approach it with caution (we insist!!). đThe current market conditions and limited trading activity on the platform raise concerns about the sustainability of this price rally. đ€
What do you think about RARE's recent price surge? đ€· Is it a sign of a long-term trend or just a short-lived pump? DYOR! #Altcoins #LowestCPI2021
$LINK 's holding steady, down a mere -0.03% in the last 24 hours to $10.09. The coin's showing a neutral bias, with a slight edge to the bulls (50.78% of days closing in the green). Although we're still far from the all-time high of $50.07, set 3 years and 3 months ago, the current price action suggests a potential stabilization. We've seen a significant -79.85% drop from that peak, but LINK's resilience is noteworthy. With the price consolidating, a breakout above $12 could signal a fresh uptrend. Keep a close eye on this level, traders - a move above could be the start of a major recovery for Chainlink!
#SahmRule #MarketDownturn #BinanceTurns7 #Write2Earn! #shabana $BTC
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$ADA 's on the rise, up 1.39% in the last 24 hours to $0.3344! The coin's showing a slight bullish bias, with nearly half of its trading days closing in the green (49.68%). Although we're still far from the glory days of $2.98, set 2 years and 11 months ago, the current price action suggests a potential reversal. We've seen a steep -88.76% drop from that all-time high, but ADA's resilience is impressive. With the price gaining momentum, a breakout above $0.40 could signal a fresh uptrend. Keep a close eye on this level, traders - a move above could be the start of a major comeback for Cardano!
#MarketDownturn #BinanceTurns7 #Write2Earn! #shabana $BTC
$NOT 's in a slump, slipping 1% in the last 24 hours to $0.0107. The coin's struggling to gain traction, with a bearish bias evident in its price action (only 39.56% of days closing in the green). We're seeing a significant pullback from the 2-month high of $0.0238, with a steep -55.08% drop from that peak. However, this could be an opportunity to scoop up some NOT at a discount. With the price consolidating, a breakout above $0.012 could signal a fresh rally. Keep a close eye on this level, traders - a move above could be the start of a major turnaround!
#MarketDownturn #BinanceTurns7 #Write2Earn! #shabana $BTC
â ïž Critical Updates Regarding  $RARE $SYN $BANANA
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The cryptocurrency market is known for its volatility, and RARE, SYN, and BANANA are no exceptions. Despite their recent significant price increases - RARE has surged over 150% since its futures launch, SYN is also on the rise, and BANANA is steadily climbing - many investors are still wary of shorting these coins.
đŽThe Risks of Shorting:
Shorting can be a risky strategy, especially if not managed properly. Many investors have lost thousands of dollars by shorting RARE, SYN, and BANANA, only to see their prices continue to rise. It's crucial to understand that shorting is not suitable for everyone, especially those who don't comprehend the risks and rewards.
đŽManage Risk and Reap Rewards:
To navigate this bullish market, it's essential to:
1. Set clear goals: Define your investment objectives and risk tolerance.
2. Use proper risk management: Employ strategies like stop-losses and position sizing.
3. Stay informed: Continuously educate yourself on market trends and analysis.
đŽAdditional Insights:
- Bullish momentum: RARE, SYN, and BANANA are currently experiencing strong upward momentum.
- Potential for further growth: These coins may reach even higher prices before a potential correction.
- Stay cautious: Always prioritize risk management and never gamble with your investments.
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#RAREBULLISH #BANANA #alert #BinanceLaunchpoolTON #Write2Earn!
âŠïžThe TON Ecosystem: A New Frontier in Blockchain Technology
The TON ecosystem, short for The Open Network, is a multi-blockchain platform designed to provide high-speed, scalable transactions and user-friendly applications. Initially developed by Telegram, the project has since been handed over to the open-source community, which continues to develop and expand its capabilitiesÂČ.
Notcoin: Pioneering Tap-To-Earn
Within the TON ecosystem, Notcoin stands out as a trailblazer. It pioneered the Tap-To-Earn trend, creating a seamless experience for users to earn rewards directly within the interface. This innovation has set the stage for widespread adoption and growth within the ecosystem.
Investment Funds and Expansion
Major investment funds have recognized the potential of TON, contributing to its rapid expansion. As the ecosystem gains momentum, it's capturing the attention of crypto enthusiasts worldwide. Keep an eye on TONâit's a rising star in the blockchain space!
Feel free to save this post for future reference, and don't forget to cast your vote! Your support matters, and together, we can climb to the top! đłïžđ«
Remember, buddy your single vote holds immense value! đ€đđ€â€ïž.#RCT_TRADERS #BlackRockETHOptions #SahmRule #LowestCPI2021 #Write2Earn!
$1000SATS is feeling the pressure, down 4% in the last 24 hours to $0.000282. The coin's struggling to find its footing, with a bearish bias evident in its price action (45.16% of days closing in the red). We're seeing a significant pullback from the 7-month high of $0.000817, with a -65.49% drop from that peak. However, this could be an opportunity to buy the dip. With 1000SATS consolidating, a breakout above $0.00035 could signal a fresh rally. Keep a close eye on this level, traders - a move above could be the start of a major reversal!
#MarketDownturn #BinanceTurns7 #Write2Earn! #shabana $BTC
$DOGE is on the rise, surging 1.49% in the last 24 hours to $0.1024! Although the coin's still a far cry from its glory days, with a near-even split of up and down days (47.33%), the current uptick is a promising sign. We're talking a significant -85.17% drop from the all-time high of $0.6905, set 3 years and 3 months ago, but this could be an opportunity to buy the dip. With DOGE's price gaining traction, a breakout above $0.12 could signal a fresh rally. Keep a close eye on this level, traders - a move above could be the start of a major comeback for this meme coin!
#MarketDownturn #BinanceTurns7 #Write2Earn! #shabana $BTC
$ATA 's building momentum, bouncing off the $0.06 support level and gearing up for a potential breakout! The next resistance level to conquer is $0.142, and if the bulls can push through, we could see a significant rally. However, if the momentum falters, the $0.049 level will act as a safety net, providing a secondary support zone. Notably, ATA's previous rally was a monster, with a staggering 320% gain - and we may be seeing the beginnings of a similar move. Keep a close eye on this one, traders - ATA's looking like a strong contender for a major upside move!
#MarketDownturn #BinanceTurns7 #Write2Earn! #shabana $BTC #VOTEme
Ethereum ($ETH ): The Phoenix Rising
đ„ : Bullish Flag Formation
ETH has been flexing its digital muscles lately. Picture this: a majestic phoenix rising from the ashes. That's Ethereum! đ
What's Cooking?
- ETH has been consolidating, gathering strength for its next flight.
- The bullish flag pattern suggests a potential breakout to the upside.
- Resistance at $3,000 is the gateway to the moon. đ
Prediction:
- Next month, ETH could soar past $3,200, fueled by DeFi upgrades and NFT mania.
- Keep an eye on the ETH/BTC pairâit's like watching two heavyweight champions in the ring. đ„
Binance Coin ($BNB ): The Stealthy Climber
BNB has been quietly plotting its ascent. Think of it as a ninja scaling a skyscraper! đïž
What's Brewing?
- BNB's cup and handle formation is textbook bullish.
- The handle is forming, and the breakout is imminent.
- Resistance at $600? More like a trampoline for BNB!
Prediction:
- Next month, BNB could ninja-flip past $700, riding the Binance ecosystem wave.
- Keep an ear out for CZ's tweetsâthey're like secret scrolls for BNB holders. đ
Bitcoin ($BTC ): The OG Titan
BTCâthe granddaddy of crypto! Itâs like Zeus wielding lightning bolts. âĄ
What's Brewing?
BTC's ascending triangle is electrifying.
Bulls and bears are locked in a cosmic battle.
Resistance at $65,000? BTC's eyeing it like a hungry wolf eyes the moon.
Prediction:
Next month, BTC could break free, aiming for $70,000.
Keep an eye on Elon Musk's Twitterâhe's the crypto oracle. đŠ
Remember, these patterns are like cosmic breadcrumbs. đ Trade wisely, diversify, and may the crypto gods be ever in your favor! đ.#ETHđ„đ„đ„đ„ #BNBToken #BTCâ #Write2Earn! #updates
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$SHIB 's showing a faint pulse, up 0.25% in the last 24 hours to $0.0000133. While the coin's struggling to find its footing, with a near-even split of up and down days (48.87%), the current slight gain could be a hint of a revival. We're still a far cry from the glory days of $0.0000725, set 2 years and 9 months ago, with a steep -81.65% drop from that peak. However, this could be an opportunity to buy the dip. With SHIB's price stabilizing, a breakout above $0.000015 could signal a fresh rally. Keep a close eye on this level, traders - a move above could be the start of a major comeback for this meme coin!
#MarketDownturn #BinanceTurns7 #Write2Earn! #shabana $BTC
Bitcoin Funding Rate Update: What It Means for Traders
â° Date & Time: August 18, 2024 !!
Understanding the Bitcoin funding rate is crucial for futures traders. Itâs a key indicator that adjusts the price difference between the spot market and the futures market, updated every 8 hours. Hereâs what the latest data reveals:
đ Highest Funding Rate Pairs
Bitget BGB/USDT: 0.0600%
Traders are heavily leveraging long positions, meaning more traders are betting on price increases. Long positions are paying shorts.
đ Lowest Funding Rate Pairs
Bitget RARE/USDT: -1.7981%
Short positions dominate, indicating traders expect prices to drop. Shorts are paying longs.
đ Bitcoin Funding Rate Across Exchanges
Binance: -0.0013%
OKX: 0.0011%
dYdX: 0.0071%
This indicates a slight preference for short positions on Binance, while OKX and dYdX show a tilt towards long positions. However, the rates are small, signaling minimal market imbalance.
Understanding these rates can give traders an edge, revealing which side of the marketâlong or shortâis favored. Stay informed to make smarter trading decisions!
â
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đ€Ż Ethereum Price Wobbles As Inflation Sees 210,000 Added To Circulation
Recent market dynamics have again brought Ethereumâs supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow.
Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum was designed with an unlimited supply of tokens. This fundamental difference makes Ethereum an inherently inflationary asset, one that has a continuously increasing supply.
On-chain data from Ultrasound.money has shed light on the growing supply of ETH in recent months amidst notable price fluctuations for the cryptocurrency. The most recent data indicates that the total supply of Ethereum has now reached approximately 120.28 million ETH.
Over the past seven days alone, 16,039 new ETH tokens have been issued. This pace of issuance corresponds to an annual inflation rate of 0.70%. Interestingly, this data shows that 243,886 ETH has been created in the past four months since the Dencan upgrade in March.
đž What Does This Mean For Ethereum?
Ethereumâs inflationary mechanism is mostly counteracted by burning tokens. This burn mechanism was introduced as part of Ethereumâs London Hard Fork in order to introduce a deflationary mechanism to Ethereum. This mechanism aims to reduce the overall supply of ETH by burning a portion of the transaction fees, thereby introducing a deflationary counterbalance.
However, data from Ultrasound.money shows the burns are currently lagging behind issuance, and Ethereum is now on an inflationary trajectory. Particularly, 2,028 ETH were burned in the past seven days, compared to 18,075 ETH issued in the same timeframe. Such a sustained uptrend in supply growth could cause downward pressure on the price of ETH in the case of a decline in demand.
$ETH #ETH #Ethereum
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$ENS /USDT
**Understanding IT Spot and Resistance in Trading**
In trading, "IT spot" refers to a specific price point where a significant amount of buying or selling occurs, reflecting a key level of market interest. This spot is often watched closely by traders, as it can signal potential shifts in market momentum. For instance, if a stock consistently trades around a certain price (the IT spot) without moving significantly higher or lower, it indicates a level of equilibrium between buyers and sellers.
Resistance, on the other hand, is a price level at which a security or asset encounters selling pressure, preventing it from rising further. When the market approaches a resistance level, it often struggles to break through. Traders use resistance levels to identify potential selling opportunities, as these are points where the market might reverse its upward trend.
Understanding the relationship between IT spot and resistance is crucial for traders. If an IT spot coincides with a resistance level, it becomes a critical point of interest. A break above this level could indicate a strong bullish trend, while a failure to do so might signal a reversal or continuation of the current trend. Mastery of these concepts can enhance decision-making and improve trading outcomes.#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn #SahmRule #BlackRockETHOptions
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Bitcoin's 4-Hour Analysis: Key Insights for Newcomers August 18, 2024 !!
Immediate Support and Resistance
Support: Bitcoin is hovering around the $58,500 mark, a level where it previously bounced back. This suggests strong buyer interest here.Resistance: The $60,000 level is a significant psychological barrier. If Bitcoin manages to break through, it could signal a strong upward move.
RSI (Relative Strength Index)
The RSI is currently in a neutral zone (between 40-50), indicating a lack of strong momentum. If the RSI climbs above 60, expect a bullish trend. Conversely, a dip below 40 might suggest a bearish shift.
MACD (Moving Average Convergence Divergence)
The MACD shows a bullish crossover, with the blue line (MACD line) crossing above the orange line (signal line). If this trend continues, bullish momentum could increase.
Volume
Volume remains neutral, neither high nor low. Traders are in a "wait and see" mode, and a surge in volume is needed for a significant price movement in either direction.
Latest Fundamental News
No major news affecting BTC at the moment. However, global macroeconomic factors like inflation reports and central bank decisions could impact Bitcoin's price.
Will Bitcoin break through $60,000, or is a pullback imminent?
Stay tuned! đ
â
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