🌟 The Incredible $AXS Journey: From $200M to $10B in Just 5 Months! 🌟
In the last cycle, $AXS (Axie Infinity) stunned the crypto world with an unparalleled rally:
Market cap skyrocketed from $200 million to an astonishing $10 billion within just 5 months!
At its peak, the Fully Diluted Valuation (FDV) hit an eye-popping $43 billion.
This kind of exponential growth highlights the power of crypto bull runs and how innovative projects can capture the market's imagination in a short time. However, it also reminds us of the speculative nature of crypto markets.
Are we on the verge of witnessing such massive runs again?
With the crypto market heating up, some projects are already showing signs of breaking out. AXS-like stories could emerge as innovation, adoption, and market conditions align perfectly. 🚀
👉 The takeaway? Stay ahead of the curve, research deeply, and identify strong projects early to maximize the next bull cycle opportunities.
{spot}(AXSUSDT)
Do you think we’ll see similar runs soon? Share your thoughts in the comments!
Follow @vikasjangracrypto for more insights like this!
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#AXS🔥🔥🔥
$DOGS is leading the charge with impressive upward momentum, targeting $0.003. Support from $NOT and $TON , along with $BTC’s bullish indicators, create a promising outlook. If this trend persists, DOGS could experience significant price action, presenting exciting opportunities for traders in the market.
There were 120% gains tracked in the last rally.
🚀 The SEC has hit the snooze button on Franklin Templeton's Crypto Index ETF, delaying its decision until January 2025. Apparently, no one RSVP'd to their October 2024 invite for comments.
- The SEC wants more time to mull over the proposal, perhaps hoping for a lightbulb moment.
- Crypto index ETFs are seen as the next big thing, offering investors a buffet of digital assets without the headache of picking individual winners.
- Franklin Templeton isn't alone; Grayscale is also in the race, with hopes of being the first to launch a crypto index ETF in the U.S.
Stay tuned, crypto enthusiasts! 📈
🚀Crypto enthusiasts, hold onto your hats! The SEC has hit the snooze button on Franklin Templeton's Crypto Index ETF decision, pushing it to January 2025. 🗓️
- The SEC wants more time to mull over the proposal, citing a lack of public comments since October 2024.
- This delay leaves the industry eagerly awaiting the first U.S. crypto index ETF, a potential game-changer akin to the S&P 500 for digital assets.
- With Grayscale also in the ETF race, the crypto world is buzzing with anticipation.
What do you think? Will 2025 be the year of the crypto index ETF? Share your thoughts below!
🚀 Bitcoin's on a rollercoaster, flirting with $94k! 🎢 As U.S. markets open, buyers are on a dip-scooping spree, pushing BTC to new highs. Is someone catching FOMO? 🤔
Traders predict resistance around $96k before a pullback. So, are you ready for the next buying opportunity? Let us know in the comments! 📈
Meanwhile, dormant coins are waking up, hinting at a possible market peak. Are the long-term holders cashing in? 🤔
Adding fuel to the fire, BlackRock's Bitcoin ETF options are live, sparking optimism for BTC to hit $100k by year-end. Is Bitcoin cementing its place in portfolios? Share your thoughts below!
Follow these indicators: When will the Bitcoin bull run end?
Question marks have emerged regarding when the bullish cycle of Bitcoin (BTC), which has been running from record to record, will end.
The leading crypto Bitcoin continues to rise under the influence of Donald Trump and spot $BTC ETFs traded in the US. #BTC gained momentum with Trump's media company's purchase of the crypto exchange Bakkt. The BTC price broke the record by reaching $93,905 the other day.
While the bull cycle continues in the crypto market, where new investors are joining every day, investors have begun to wonder when a potential decline will come.
On-chain data platform CryptoQuant has shared five indicators that should be followed to understand whether the BTC price has peaked (the end of the bullish cycle).
It is useful to remember that the metrics in question will not provide definitive results and that the metrics should not be used as a single indicator.
MVRV Ratio
The MVRV Ratio, calculated by dividing Bitcoin's market value by the realized value (cost), has become one of the metrics that should be followed to understand whether the bullish cycle will end.
CryptoQuant emphasized that if the MVRV Ratio is above 3.7, the BTC price will reach the highest level it can reach and that point will be the end of the cycle. The data shows that the MVRV Ratio is at 2.67 levels.
In February 2021, when Bitcoin reached a historical peak of $ 60,000, the MVRV Ratio rose to 7 levels.
Fear and Greed Index
According to CryptoQuant's report, the next indicator to be followed is the Fear and Greed Index, which measures market sentiment.
CryptoQuant said that when the index score reaches 80 out of 100, BTC will reach the end of its bullish cycle. The report emphasized that the index in question would not mean anything on its own.
The index has been moving above 80 percent since November 12. The Fear and Greed Index, which reached 90 levels on November 19, reached its highest level since February 2021.
New money inflows
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#CandlestickPatterns
Candlestick formation "Hammer" is a figure on the chart of Japanese candlesticks, consisting of a single candle. The features of the "Hammer" are that this candle has a long lower shadow and a short body, that is, graphically resembles a hammer, so it is very easy to spot on the chart.
The Hammer is formed on downtrends (on an uptrend, a candlestick with the same characteristics will have the name "Hanged Man"). The Hammer marks local lows and heralds further growth. Therefore, the "Hammer" candlestick is a bullish pattern. It is also important to wait for a confirming candle.
Characteristics:
The colour of the Hammer does not matter. What matters more is the length of the shadows and the body. In order for a Japanese candle to meet the criteria to be called a Hammer, it must have the following characteristics:
- Has a small body.
- Long lower shadow (at least 2 times longer than the body).
- No upper shadow (or very small).
- Forms on a downtrend.
Also, there is an inverted hammer. The characteristic remains unchanged, just the shadow looks upwards.