Elon Muskâs and Dogecoin Price Expectations
One of the biggest factors in this rise could be Elon Muskâs recent tweet. Elon Musk announced in his post that he wants to serve DOGE. This is expected to lead to an increase in DOGEâs price. The Moving Average Convergence Divergence (MACD) further supports this potential bullish momentum. The indicator shows an increase in overall bullish momentum. This process indicates that market sentiment is starting to shift upwards and there is potential for a recovery in Dogecoinâs price.
Expectation
Dogecoinâs price is approaching a breakout from a bullish descending wedge pattern, trading at $0.1059. The formation suggests a 90% increase ahead for the memecoin, with a target of $0.20. The aforementioned factors indicate that this rally may take some time as the breakout has not yet been confirmed.
This will happen by turning $0.1168 into support to enable a rise to $0.1286. Still, there is a possibility that this breakout could fail, as it did in mid-July. This could lead to Dogecoinâs price dropping to $0.10 or lower, invalidating the bullish thesis and causing the pattern to fail.
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đ Binance Labs invests in four projects from BNB Chain's season 7 MVB program
âŸïžBNB Chainâs MVB (Most Valuable Builder) Program attracted over 700 applications this season, with less than 2% being accepted.
đžAggregata: Unifies AI data, models, and computing into a seamless, one-stop platform.
đžOpinion Labs: Building dynamic opinion and continuous prediction markets.
đžSidekick: The consolidation hub for social, games, and beyond.
đžVooi: A cross-chain perp DEX aggregator supporting both EVM and non-EVM chains.
#MtGoxRepayments #BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek #BinanceHODLerBANANA
âĄïž @MagicEden Foundation unveils its plans to launch the $ME token
Magic Eden has revealed its #ME token, which will be launched through the upcoming @MagicEdenWallet. However, the firm hasn't disclosed the token launch and distribution details. Earlier this year, Magic Eden announced plans to launch a fungible token with the #NFT ticker in partnership with Non-Fungible DAO. Magic Eden is one of the largest cross-chain NFT marketplace platforms, backed by @Paradigm, @Sequoia, @GreylockVC, and @lightspeedvp with a total raise of $159.5M.
đ
For this week's vote, the CWG is proposing a budget to fund multiple pre-trial WGs, and rapidly iterate towards developing the execution engines of the Jupiverse.
Up until now, Trials were the main way for community members to participate in the WorkGroup system.
However, they are a major commitment, often lasting 3-6 months and are a very intensive work-in-public process.
In order to allow community members and the DAO to experience more iteration cycles and gain faster feedback, the CWG is suggesting the creation of this microgrant system.
This draft proposal contains a request for $150K USDC to fund up to 30 of these microgrants for $5k-$10k each, over a 3-6 months period.
This would allow new potential WGs to apply for a grant and prove their capabilities before they could apply to be a Trial WG.
Read the full proposal and leave your feedback here: https://t.co/oWoP2eZXJz
Over the next 24 hours, the CWG will be conducting a Discord Town Hall, and analysing the feedback from Discord, Twitter, and the Jupresearch Forum. They will use this information to adjust their proposal before the final version is posted this time tomorrow. The vote will begin right after.
See you at the Discord Town Hall at 4 PM UTC / 12 AM EST!
Hear from @weremeow, @KEMOS4BE & @SlorgoftheSlugs at the yesterday's planetary call!
Your friend's story of panic selling during a market crash, only to see prices rebound the next day, is a common one in crypto. Here's how to avoid making the same mistake:
### Embrace Volatility
Crypto is known for its price swings. Accept that volatility is normal, and donât let it trigger panic every time the market moves unexpectedly.
### Stay Calm in Downtrends
Downtrends are a natural part of the market cycle, often leading to healthy corrections. Use these moments to find buying opportunities rather than panic selling.
### Invest Wisely
Only invest money you can afford to lose. This way, you won't be forced to sell at a loss during downturns and can hold until the market recovers.
### Think Long-Term
Focus on the long-term potential of your investments. Selling in a crash could mean missing out on significant future gains.
### Use Dollar-Cost Averaging
DCA helps you avoid the pressure of timing the market by spreading out your investments, especially during dips, to achieve a better average price.
### Seek Advice
Talk to experienced friends or experts for guidance. Their insights can help you stay grounded during market turbulence.
Following these strategies can help you avoid panic selling and make more informed decisions in the volatile crypto market.
#MtGoxRepayments #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #BinanceBlockchainWeek
Fed Member Collins Discusses Interest Rate Cuts..
Volatility in cryptocurrencies continues, and BTC price is around the $61,000 mark. Yesterdayâs minutes were extremely positive. Now, Fed member Collins is making some important statements. Although unemployment data came in higher than the previous month, BTC saw some selling before the US stock markets opened. If demand does not increase at the market opening, a similar decline could occur in a few hours.
Fed Statements and Crypto
Investors are tired of the price dropping at the end of every rise and now it needs to reverse. For now, BTC is around the $61,000 mark, but $61,400 is a safe zone. On the other hand, belief in interest rate cuts is strengthening. Collins stated in his recent announcement that the time has come for interest rate cuts.
The labor market is generally quite healthy, and we want to maintain this.
Unemployment is still low, and unemployment claims indicate a regular rebalancing.
The Fed is generally in a healthy position, and maintaining this is important.
The employment market is healthy despite revisions.
Inflation data is consistent with greater confidence that inflation will return to 2%.
The time has come to start cutting interest rates.
After switching to a different policy stance, a gradual and methodical pace of reduction will be appropriate.
We still see some ongoing resilience among consumers, although there are also stress points.
We do not see red flags in consumption data.
Inflation and employment have reached a better balance.
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SatLayer, a Bitcoin restaking protocol built on Babylon, has secured $8 million in an oversubscribed pre-seed round co-led by Hack VC and Castle Island Ventures. The round also saw participation from Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, and CMS Holdings. Initially planning to raise $4 million, the round was structured as a simple agreement for future equity (SAFE) with token warrants.
SatLayer allows users to restake their Bitcoin on platforms like Solv Protocol and Lombard. The protocol currently offers rewards in the form of points and has yet to formalize plans for a token. This development coincides with the launch of Babylon's self-custodial mainnet, which has already locked 12,720 stakers performing over 20,610 staking delegations.
$BANANA
{spot}(BANANAUSDT)
{future}(BANANAUSDT)
the asset is still under bearish pressure. The Relative Strength Index (RSI) is at 44.19, which suggests that the market is approaching oversold conditions, but not quite there yet. The Moving Average Convergence Divergence (MACD) is showing a negative histogram, indicating that bearish momentum is still present, although it may be weakening.
Bullish Scenario:
If BANANA/USDT manages to break above the 200-period MA and sustain its upward movement, it could signal a reversal to the upside. Traders might then target higher resistance levels around $50.00 and $55.00 as potential upside targets.
Bearish Scenario:
If the price continues to stay below the 200-period MA and declines further, it could indicate a continuation of the bearish trend. The next significant support levels to watch are around $44.00 and $40.00, where buyers might step in to enter the market.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research before making any investment decisions.
#6thTrade #MarketSentimentToday #BecomeCreator #Market_Update
đ Altcoin This Week
The main altcoin of the current week with growth of more than 17% over the last 7 days is TRX.
đ The reason why TRX recorded such active growth was the launch of the memecoin creation platform on the Tron SunPump network, on which about 25,200 memes have already been created.
đ SunPump platform generated $585,000 in revenue in 24 hours, surpassing Solana's pump.fun . Justin Sun reported that TRON's revenue reached a record $5.33 million, putting it first among all blockchains.
đ» #TRX hit a three-year high for 2021 at $0.16. While most alts are trading below their highs, TRX is up more than 100% for the year.
{spot}(TRXUSDT)
Prom Explaining: Blockchain Interoperability
Exploring what stands behind one of the main terms associated with Layer 2 solutions and what it means for the modern blockchain landscape.
đCore Description:
Blockchain interoperability refers to the ability of different networks to communicate and seamlessly interact with each other.
Interoperability enables diverse blockchains to transfer assets, data, and information across one another.
đWhy It Matters:
Interoperability enhances liquidity by allowing assets to move freely between different networks and fosters innovation by enabling developers to leverage functionalities from multiple networks.
This connectivity reduces fragmentation, allowing users to benefit from the strengths of various networks without being locked into one.
đRole of L2 Solutions:
L2 solutions play a crucial role in enhancing blockchain interoperability. They alleviate congestion on the main blockchain and often include mechanisms for cross-chain communication, helping bridge different L1.
This increases scalability and efficiency and supports interoperability by facilitating smoother, faster, and more cost-effective exchanges between blockchains.
đšWhy did $BTC suddenly go down?đ€Here is the update in short âŒâŒ
[please visit my profile and vote](https://app.binance.com/uni-qr/cpro/CryptoYash?l=en&r=534203367&uc=app_square_share_link&us=copylink)đ
ââYesterday I gave you updates of 3 coins. So, a normal gain has already been taken in those coins. So, without delay, go to the profile and see the updates I have given. Also, click the yellow button and give me a vote and support. Thanks to your support, I can continue to bring signal and chart updates
đžSo BTC pumped to $61,835 today. That means a gain of 3.40% from the existing price. At the same time, all the coins in the BTC ecosystem were pumped. So we can take care of a small dump if we study the chart now. According to the 15 min chart, you can see that an imbalance has been double filled at the price of 61,384$. So this will not be a big dump. According to the 15 min chart, BTC will continue this down at 59,009$. So BTC will not go down all at once. If you have placed a long trade, there is no need to panic and close now, because BTC will start the pump again soon. At this time, everyone should pay attention to the blue area that I have given.
đž If you take the 1 hour chart, it is inevitable that BTC will go to $65,000. Because we don't have any bearish signs at the moment. Even if BTC is down, it will reverse from the resistance line below. I have previously posted chart updates of 1 day and 4 hour Big timeframes of BTC. So I won't post it here again. Have a nice day everyone. God bless you.....
#signals #freesignal
{spot}(BTCUSDT)
**UK Scraps $1.7 Billion Tech Fund, Sparking Industry Concerns**
The UK government has withdrawn its $1.7 billion pledge to advance frontier technologies, including AI and quantum computing. This decision, made after the Labour party's recent electoral win, has stirred unease in the tech community, fearing it may stifle innovation and drive startups to seek foreign investment.
Previously promised by Conservative leaders, the fund's cancellation has been met with widespread disapproval. Industry insiders worry that UK-based quantum tech firms, many of which are university spinouts, might relocate to countries offering better support, like the US.
Ashley Montanaro, co-founder of Phasecraft, voiced concerns, noting that companies are increasingly setting up international offices to find the necessary support and enthusiasm for their ambitious projects. Phasecraft itself has opened a new office in Washington, D.C. to enhance talent recruitment and networking.
The UK, home to prestigious quantum startups like Oxford Quantum Circuits and Cambridge Quantum Computing, now faces the challenge of retaining its tech talent amidst this funding cut.
$CHR
{spot}(CHRUSDT)
{future}(CHRUSDT)
The #CHR/USDT pair is currently trading at $0.1900, showing a modest increase of 0.48% in the last session. The price is approaching resistance at the 200-period moving average (MA) around $0.1934, which is a key level to watch for potential bullish momentum. The Relative Strength Index (RSI) is at 66.09, indicating that the market is nearing overbought conditions but is not yet in the overbought territory. The Moving Average Convergence Divergence (MACD) shows a positive histogram, suggesting that bullish momentum is currently present.
Bullish Scenario:
If CHR/USDT can break and sustain above the $0.1934 level (200-period MA), it could signal a continuation of the upward trend. In this scenario, traders might target higher resistance levels at $0.2100 and $0.2200 as potential upside targets.
Bearish Scenario:
On the other hand, if the price fails to break above the 200-period MA and reverses, this could indicate a resumption of bearish pressure. A decline below the support level at $0.1800 might lead to a further drop towards $0.1700, where buyers could potentially re-enter the market.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research before making any investment decisions.
#6thTrade #Marketsentimentstoday #BecomeCreator #Market_Update
đąđąNext month, Dogecoin's price is expected to remain volatile, influenced by broader market trends and any significant news related to cryptocurrencies. If the overall crypto market continues its current bullish momentum, Dogecoin could see a moderate rise. However, if Bitcoin or Ethereum faces downturns, Dogecoin might experience a drop. Some analysts suggest that Dogecoin could hover between $0.06 and $0.08, with potential spikes if there is a resurgence in retail investor interest or social media hype. On the downside, lack of significant developments or negative market sentiment could push Dogecoin toward the lower end of this range.#DogecoinCommunity #DogecoinDay #DogeStrong