"Ride the Kaia Wave" is a campaign associated with Kaia, a blockchain-based platform that aims to revolutionize how people connect and interact. It emphasizes the idea of using technology to enhance human relationships and foster creativity.
Mini DApps: Kaia focuses on developing mini decentralized applications (DApps) that can be integrated into platforms like LINE. These DApps are designed to enhance user experiences, provide new functionalities, and foster a more engaging and interactive community.
Creator Economy: Kaia aims to empower creators by providing them with tools and platforms to monetize their content and directly connect with their audience. The platform enables creators to launch projects, offer rewards, and receive support from their fans.
Community Building: The "Ride the Kaia Wave" campaign encourages users to join the Kaia community, participate in discussions, and contribute to the development of the platform. It emphasizes the importance of collaboration and shared creativity. Blockchain Technology: Kaia leverages blockchain technology to ensure transparency, security, and decentralization. This enables trustless interactions between users and creators, as well as the secure management of digital assets.
MANA is rebounding from the horizontal demand zone with significant volume. The Ichimoku Cloud is acting as a resistance barrier above the price action. A decisive breakout or breakdown is needed to confirm the next directional move.
3️⃣ MicroStrategy and US spot ETFs each acquired approximately 200,000 BTC.
This shows a significant redistribution of BTC supply, with institutions and short-term investors stepping in to fill the gap left by long-term holders.
🥇 #BTC -- Long/Short-Term Holder Supply Ratio Drops to Cycle Low
According to data from Glassnode, BTC sell-offs have accelerated over the past 30 days, indicating a shift in market sentiment where holding BTC is no longer the default behavior for participants.
The Long/Short-Term Holder Supply Ratio has dropped to 3.78, marking the lowest point of this cycle. This highlights a significant shift in the balance between long-term and short-term holders in the market.
💰 #ETH -- Ethereum open interest on CME has reached a record-breaking 1 million ETH! This milestone highlights growing institutional interest and increased activity in the ETH derivatives market.
Recent market trends suggest that Ethereum (ETH) has indeed been on a bullish trajectory, with several factors contributing to its potential for further growth:
Record ETF Inflows: Ethereum ETFs have seen record-breaking inflows from institutional investors, indicating growing interest and confidence in the cryptocurrency. Stronger Preference Over Bitcoin: Investors seem to be favoring Ethereum over Bitcoin, as evidenced by the increasing ETH/BTC ratio and decreasing Bitcoin dominance. Bullish Sentiment: Options market data suggests a stronger bullish sentiment for Ethereum compared to Bitcoin, with traders positioning themselves for potential price appreciation. Technical Analysis: Ethereum has broken above key resistance levels and is showing strong momentum, suggesting further upside potential. However, it's important to note that the cryptocurrency market is inherently volatile, and price predictions are subject to various factors, including market sentiment, regulatory developments, and technological advancements.
While Ethereum's current trajectory appears promising, it's crucial to conduct thorough research and consider consulting with financial advisors before making any investment decisions.
For those how don’t know about #BURNGMT is a community-driven initiative to burn 500 million GMT tokens from the unlocked reserves of the GMT DAO. The goal is to reduce the circulating supply of GMT and increase its value. Voting on the proposal will be open to all GMT holders.
The total cryptocurrency market cap has reached a new all-time high after a decisive breakout from the super ascending triangle pattern, supported by significant volume. The Ichimoku Cloud signals strong bullish momentum, indicating the potential for further market-wide gains.
#BTC By monitoring the Fear and Greed Index, you can gain insights into potential market trends and make informed trading decisions. However, it's essential to combine this information with other technical and fundamental analysis tools for a comprehensive view.
#BTC Bitcoin's price is driven by hype and speculation rather than fundamental value. As market sentiment shifts, so too will its price, making it difficult to predict long-term trends. In my opinion #BTC will never touch 100K US$.
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