The Fascinating Stories Behind Five Major Currency Symbols
1. The dollar sign traces back to the Spanish peso, known as the *peso de ocho* or "piece of eight," used globally from the 15th century onward. After the United States was formed, its currency was modeled after the peso. The $ symbol likely evolved from the abbreviation "ps" for pesos, with the "S" placed on top of the "P." Over time, the curved portion of the "P" was dropped, resulting in the familiar $ sign we see today. The U.S. officially adopted the dollar sign in 1785.
2. Introduced in 2002, the euro replaced the French franc, German mark, and Italian lira among others. The euro symbol (âŹ) was inspired by the Greek letter epsilon (Đ) and the first letter of "Europe." The two parallel lines represent stability. The designer of the symbol remains undisclosed by the European Commission.
3.The pound sterling (ÂŁ) is one of the oldest currencies still in use, with roots in the Latin word "libra," meaning scales or balances. The symbol ÂŁ comes from the letter "L" in *libra*. The pound was in use well before 928 C.E., and by 1489, the first pound coin was minted during the reign of Henry VII.
4.Japanâs yen and Chinaâs yuan both share the symbol „, with slight variations in pronunciation and usage. The yen was introduced during Japan's 1871 monetary reform, with the word "yen" meaning "round object." The symbol, a capital Y with two horizontal lines, sometimes appears with only one line.
5.Oldest currencies, the Indian rupee can be traced back to the 6th century B.C.E. However, it didnât have an official symbol until 2010, when a design contest was held in India. The winning symbol (âč) was created by D. Udaya Kumar, blending elements of the Devanagari script (used for many Indian languages) and the Roman alphabet. The parallel lines at the top represent India's tricolor flag and the equal sign.
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#Write2Earn! #PowellAtJacksonHole #CryptoMarketMoves #MarketDownturn #SahmRule $BTC
{spot}(BTCUSDT)
$PEPE
{spot}(PEPEUSDT)
$NOT
{spot}(NOTUSDT)
đšđšđ Hidden Gems: Why $RARE, $SYS, $DAR, and $FLUX are the Hottest Tokens Right Now! đđ Trending Crypto Tokens to Watch
Several tokens are making waves in the crypto space right now. Letâs dive into whatâs hot about $RARE, $SYS, $DAR, and $FLUX.
đ SuperRare ($RARE)
âSuperRare is a leading NFT marketplace for high-quality digital art.
âRecent Surge: $RARE has seen a 12% price increase in the past week, thanks to the growing interest in NFTs.
đ„ Why $RARE?
âNFT market boom
âExclusive, curated digital art platform
âĄïžđ Syscoin ($SYS)
Syscoin combines Bitcoinâs security with Ethereumâs scalability, making it ideal for decentralized applications (dApps).
âRecent Surge: $SYS surged 15% recently due to increased developer interest.
đ Why $SYS?
âScalable and secure blockchain
âStrong DeFi and cross-chain capabilities
đ Mines of Dalarnia ($DAR)
A popular play-to-earn game, Mines of Dalarnia lets players mine resources in a virtual world for real-world value.
Recent Surge: $DAR saw an 18% spike as more gamers joined.
đź Why $DAR?
âGrowing play-to-earn trend
âEngaging gameplay
⥠Flux ($FLUX)
Flux is a decentralized cloud solution for Web 3.0 applications.
âRecent Surge: $FLUX jumped 20% with rising demand for decentralized cloud infrastructure.
đ Why $FLUX?
âDecentralized cloud alternative
âGrowing Web 3.0 adoption
Keep an eye on these tokens as they continue to heat up!
$SYS
{spot}(SYSUSDT)
$RARE
{spot}(RAREUSDT)
$DAR
{spot}(DARUSDT)
#PowellAtJacksonHole #CryptoMarketMoves #LowestCPI2021 #MarketDownturn #SahmRule
Recent Whale Alert đłđł
âĄïž 2,032 #BTC was transferred from an unknown wallet to another unknown new wallet
âĄïž 30,000 $MATIC which is worth over $12,000,000 was transferred from Binance to an Unknown wallet
âĄïž 60,000,000 $MATIC was also transferred from polygon staking to an unknown wallet
âĄïž50,000,000 USDT was transferred from Bybit to an Unknown wallet today
Stay Tuned
#xmucan
Last week, digital asset investment products saw modest inflows totaling US$30 million, as recent macroeconomic data suggested the FED might not cut interest rates by 50 basis points in September.
Ethereum attracted only US$4.2 million in inflows, although this figure conceals significant activity among different providers.
On the other hand, Solana experienced outflows of US$39 million, the largest ever recorded, as it struggled with a sharp decline in trading volumes of memecoins, a key driver of its market activity.
.@primex_official is the ultimate platform for trading any asset with leverage on the spot market via decentralized exchanges (DEXs).
Starting today, they are powered by Pyth.
"By integrating Pyth's pull oracle, Primex becomes more resilient against price manipulations, flash loan attacks, inefficient arbitrage between different markets, and other malicious actions, protecting lenders and traders from these threats."
Pull, donât push đź
5 Key Bitcoin Insights This Week:
Bitcoin is under pressure, with forecasts hinting at a potential dip to $50,000 as traders brace for lower support.
The spotlight is on the U.S. Federal Reserve's Jackson Hole symposium, where markets are eyeing hints on interest rate cuts.
Bitcoin miners are holding onto their reserves, showing stability despite the recent price drops.
Bitcoin's market dominance is declining, opening the door for a possible altcoin rally as it retreats from recent highs.
Sentiment is still bearish, with Bitcoin trading below its 200-day moving average, signaling caution among traders.
$JST
{spot}(JSTUSDT)
In the latest trading session, #JST/USDT showed strong upward momentum, driving the price to $0.02807. This rise has been steady and consistent, staying within a well-defined range, indicating potential for further growth as the upward trend continues. The market responded positively to a recent breakout above key resistance levels. However, caution is advised as price action behave
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
#Marketupdate #6thTrade #BecomeCreator #MarketSentimentToday
#XRP: WHY IS THE PRICE RANGING FROM 0.28-0.04 RANGE?
If you're looking for an in-depth analysis for XRP and the possible causes as to why there are still no signs of breakouts, you're in the right place.
Here it goes...
Every time everyone talks about XRP, they get the idea that it's the token with the longest years of law cases with SEC. Some also knows how valuable XRP is and how its price could potentially boost to more than double or triple its current value today. However, there is just one lingering fact that keeps XRP from moving up. This is, the fear that halts the demand. As more cases are filed against XRP, many traders remove themselves from the narrative of this token. Even with piling up current and incoming demands, there is still a higher road that this token has to take. As speculations of a higher value for this token are in rumors, many also take into account the possibility of more law cases against Ripple which could eventually lead to another decline. However, many have already theorized as to the possible causes for these law cases that goes beyond to what it has on paper. Theories such as XRP is accumulating and the law cases are part of the script. As the predicament piles up for XRP, accumulation of strength will also continue and as such, once an alert for the price surge happens, everyone will definitely hop in and those who have HODL'd for the longest time will definitely reap the rewards.
Stay wise, trade cautiously.
{future}(NOTUSDT)
{future}(BTCUSDT)
{future}(XRPUSDT)
**Ether Price Slumps Despite Historic ETF Launch**
Ether (ETH) has been on a downward spiral, dropping over 24% in the past month to $2,572 as of August 19, according to Cointelegraph. This decline comes despite the much-anticipated launch of the first Ether-based exchange-traded funds (ETFs) in the U.S.
- **ETF Impact**: The new Ether ETFs have seen a cumulative $420.5 million in net outflows, adding selling pressure.
- **Supply Surge**: Since the ETF launch on July 23, Ether's supply has increased by 60,555 ETH, worth over $155 million.
- **Dencun Upgrade**: Ethereum's Dencun upgrade aimed to reduce transaction fees but hasn't boosted prices. ETH supply has risen by 197,000 ETH since the upgrade, and prices have fallen by 35%.
Crypto experts suggest a potential breakout in early 2025, but for now, Ether continues to struggle.
Binance has prepared a massive $64M reward pool in collaboration with TON, making now the perfect time to farm $TON safely and securely. With the market currently calm, focusing on stable earning methods is crucial, and the new earning opportunity with TON stands out.
The Open Network (TON) is a fast, secure, and scalable blockchain capable of handling millions of transactions per second. Its ecosystem has grown rapidly, with a total value locked (TVL) surpassing $600M. Binance, the worldâs largest digital asset exchange, has recognized TONâs potential, introducing its first-ever Binance Launchpool and Super Earn event for a mature ecosystem token, following the listing of Toncoin last week.
The total reward pool for this event is an impressive 9M $TON , with Binance distributing 382,500 Toncoin daily to BNB and FDUSD stakers through its Launchpool. Additionally, Binance has launched the TON Community â Binance Super Earn, offering special annual percentage rates (APRs) and 1.35M Toncoin in rewards.
After several hours of research, I discovered an alternative method during the SuperEarn event that could potentially yield even higher returns. From August 16th to 22nd, there is an opportunity to earn up to 300% APY, providing a lucrative chance to solidify your gains.
With TONâs growing ecosystem and Binanceâs support, this event offers one of the best opportunities for consistent earnings in the current market. Donât miss out on this chance to maximize your returns during the SuperEarn event.
BTC/USDT đ
1. **Price Movement:**
- The price shows a sharp drop to around $57,787.30, followed by a significant green candle, indicating a strong upward push, bringing the price to $58,450.64.
- The recent candle shows a recovery, but the overall trend before this was downward.
2. **Moving Averages (MA):**
- MA(7) is at $58,127.02 (yellow line).
- MA(25) is at $58,403.48 (pink line).
- MA(99) is at $59,104.89 (purple line).
- The price is currently below the 25 and 99-period MAs, suggesting a short-term bearish trend, but it's now above the 7-period MA, indicating a potential short-term reversal.
3. **Volume:**
- There is a significant increase in volume during the latest green candle, indicating strong buying pressure.
4. **MACD:**
- The MACD is currently showing bearish momentum (MACD line below the Signal line).
- The MACD histogram shows a slight reduction in bearish momentum, possibly hinting at a reversal or consolidation.
5. **RSI:**
- RSI(6) is at 64.82, indicating it's near overbought levels in the very short term.
- RSI(12) at 53.95 suggests the market is neutral but leaning towards bullish momentum.
- RSI(24) at 47.92 is close to the neutral zone.
#NMR/USDT : Momentum and Key Levels Analysis Across 4-Hour and Daily Charts
$NMR
{spot}(NMRUSDT)
{future}(NMRUSDT)
The 4-hour chart for NMR/USDT shows a significant bullish movement, with the price currently trading at approximately $14.06, a strong 14.12% increase. The price has managed to break above the 200-period moving average, which is currently at $13.14, indicating a potential shift from bearish to bullish sentiment.
On the daily chart, NMR/USDT is also showing signs of a strong reversal from its previous downtrend. The price is currently trading at approximately $13.98, with a significant increase of 15.73%. The asset has been moving within a descending channel, but the recent breakout above this channel indicates a potential change in the overall trend.
NMR/USDT is showing strong bullish signs on both the 4-hour and daily charts. The breakout above the 200-period moving average on the 4-hour chart and the potential bullish crossover on the daily MACD suggest that the asset could see further upside in the near term. However, the overbought RSI on the 4-hour chart indicates that a short-term pullback or consolidation might occur before continuing higher.
Potential Scenarios:
Bullish Scenario: If the price continues to hold above $14.00 and breaks the resistance at $15.00 on the 4-hour chart, we could see a move towards $16.00 or higher. On the daily chart, a sustained move above $16.00 could open the door to further gains towards $18.00 and beyond.
Bearish Scenario: If the price fails to hold above $13.00 on the 4-hour chart, a correction towards $11.68 or even $10.00 could be expected, especially if the overbought conditions on the 4-hour chart lead to profit-taking.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research before making any trading decisions.
#PowellAtJacksonHole #CryptoMarketMoves #6thTrade #MarketSentimentToday
Daily Update
1ïžâŁ The overall stablecoin market cap has risen by 1.62% over the past week, indicating a boost in market confidence.
2ïžâŁ The Tron network saw a surge in activity, adding more than 210,000 new accounts within the last 24 hours, highlighting its growing adoption.
3ïžâŁ According to the CEO of Better Market, the SEC is likely to win the ongoing Ripple lawsuit, a development that could have far-reaching implications for the crypto space.
4ïžâŁ U.S. government-controlled addresses now hold a total of 203,200 Bitcoin, valued at approximately $12 billion, showcasing significant institutional involvement.
5ïžâŁ A remarkable 75% of Bitcoin has remained untouched for over six months, signaling a strong HODL sentiment among investors.
6ïžâŁ Bitcoin Spot ETFs have experienced a substantial inflow this week, reflecting growing interest from the investment community.
7ïžâŁ The $SUI ecosystemâs decentralized exchange, Cetus, has surpassed a trading volume of $10 billion, marking a significant achievement.
8ïžâŁ Tether is preparing to launch USDT on the Aptos network, further expanding its reach in the crypto market.
#Write2Earn! #BinanceTurns7 #MarketDownturn #BullBanter #voteforBULLISHBANTER
$PEPE is currently facing intense selling pressure as its price dips below the critical support level of $0.00000766. This decline has sparked concerns among the community, as many had anticipated a stronger performance from this meme coin. The breach of this support level could potentially trigger a broader sell-off, with traders and investors closely monitoring the next moves in the market.
Despite the recent downturn, some within the community believe this could present a unique buying opportunity for those willing to take on the risk. With the market in flux, all eyes are on Pepe to see if it can regain momentum and turn this dip into a potential rally. Stay tuned and keep your strategy sharp, as the market continues to show its unpredictable nature.
#Write2Earn! #pepe⥠#BullBanter #voteforBULLISHBANTER #BinanceTurns7
Shiba Inu Ignites Burn Portal on Shibarium
Shiba Inu (SHIB), the popular meme coin, has taken a significant step towards reducing its circulating supply with the launch of its new burn portal, ShibTorch, on the Shibarium Layer-2 network. This development marks a pivotal moment for the Shiba Inu ecosystem, as it empowers the community to actively participate in the token's deflationary mechanism.
ShibTorch is designed to facilitate the burning of SHIB tokens, a process that permanently removes them from circulation. By burning tokens, the Shiba Inu team aims to increase the scarcity of the coin, potentially driving up its value. The burn portal operates seamlessly on the Shibarium network, leveraging its speed and efficiency to process burn transactions.
This latest development comes as a response to the community's long-standing desire for a burn mechanism. With ShibTorch now live, token holders can directly contribute to the reduction of the SHIB supply, potentially impacting the coin's market dynamics.
As the Shiba Inu ecosystem continues to evolve, the launch of ShibTorch signifies a strategic move to bolster the coin's position in the cryptocurrency market.
$SHIB
#SHIBAUSDT
$ETH