Futures trading is considered haram (forbidden) in Islamic finance and law (Shariah) for several reasons
1. *Speculation*: Futures trading involves speculating on the future price of an asset, which is considered a form of gambling (Maysir). Islamic law prohibits gambling and any transactions that involve excessive uncertainty
2. *Lack of physical possession*: In futures trading, the underlying asset is not physically possessed or exchanged, which goes against the Islamic principle of ownership and possession
3. *Excessive leverage*: Futures trading often involves high levels of leverage, which can lead to excessive debt and financial risk, contradicting Islamic finance's emphasis on prudent risk management and debt avoidance.
4. *No inherent value*: Futures contracts have no inherent value and do not represent a tangible asset, which conflicts with Islamic finance's focus on real economic activity and asset-backed transactions.
5. *Potential for exploitation*: Futures trading can involve exploitative practices, such as manipulating prices or taking advantage of asymmetric information, which goes against Islamic ethics of fairness and justice
#BTCBreaks66K #10MTradersLeague #FutureOfTrading

Jasmy Embodies the convergence between the Internet of Things (IoT) and blockchain, offering a decentralized solution for managing personal data. This Japanese project stands out for its ambition to place users at the center of the digital economy, giving them full control over their information.
On its side, the crypto Tron (TRX) positions itself as a key player in the decentralization of online content. Since its creation in 2017, the blockchain developed by the Tron Foundation seeks to end dependence on web giants by allowing creators to be paid directly by their audience. Through its smart contracts and dApps, Tron promises a more agile and less costly alternative to Ethereum, enhancing its appeal to developers looking to escape the limitations of traditional blockchains.
Ethena (ENA), for its part, offers a bold approach with its synthetic dollar and “Internet Bonds.” By eliminating dependence on traditional banking institutions, this crypto aims to become a pillar of decentralized finance, appealing to both savers and institutional investors seeking new alternatives.
#BTCUptober #BTCBreaks66K #DoYouHoldBNB

Trader Moe noted that the realistic target for XRP in this season is $5. XRP is worth around $0.5908 as of today. This $5 outlook translates to a massive ROI of 745% from current
Essentially, Moe anticipates that as Bitcoin rallies by 81% to a new ATH at $115K, XRP would see more commendable growth, seeing near eight-fold price gains.
It is worth noting that in the last bull run, Bitcoin registered a cumulative growth of 721%. XRP largely experienced a similar growth trajectory, registering a 942% gain when its bull run encountered resistance at $1.96.
While this gain is commendable, XRP enthusiasts believe XRP would have performed even better, save for the SEC lawsuit at the time, which scared many away from XRP.
However, this lawsuit has ended, and the popular belief is that XRP will see explosive growth once again, similar to 2017.
Additionally, Moe is bullish on other top altcoins, including Chainlink (LINK), with a target of $125, Binance Coin (BNB) at $1,000, and Avalanche (AVAX), which he expects to reach $300.

$XRP
#MemeCoinTrending #10MTradersLeague #xrp

Key Takeaways
The FLOKI price reached a new all-time high in June 2024 but decreased afterward.
FLOKI has been one of the best performers in 2024.
Our Floki price prediction suggests the token could reach $0.00045 next
How Do We Make a FLOKI Price Prediction?
Here are the Floki price predictions from CCN, made on Oct. 2, 2024. While we take the utmost care with our price predictions, they can turn out to be wrong
FLOKI Price Prediction 2025
With more maturity in the FLOKI ecosystem and broader crypto adoption, the price is expected to stabilize and grow. A stronger bull market cycle could propel the price to an average of $0.00028 and potentially reach a high of $0.00045. However, market corrections and external pressures may still bring the price to a low of $0.00015 during the year.
#10MTradersLeague #FanTokensRising #FLOKISKYROCKET $FLOKI

Ripple price today: $0.530
Ripple hovers near $0.530 on Wednesday, technicals point to a decline ahead.
Canary Capital has officially filed for an XRP ETF with the US SEC.
XRP’s long-to-short ratio trades below one, suggesting a bearish move on the horizon.
Ripple (XRP) stabilizes around $0.530 on Wednesday after facing rejection from its daily resistance level on Monday. Canary Capital’s official filing for an XRP Exchange Traded Fund (ETF) with the US Securities and Exchange Commission (SEC) on Tuesday is generally a positive development. However, technical analysis and on-chain metrics indicate a potential short-term correction for Ripple.

Canary Capital files for Ripple ETF with US SEC
Canary Capital officially filed for an XRP ETF with the SEC on Tuesday, following a similar move by Bitwise last week. Despite ongoing regulatory challenges, ETF fillings by big investment companies are generally positive signs for Ripple in the long term, as an ETF can make it easier for traditional investors to gain exposure to XRP without needing to purchase and store the cryptocurrency directly. Moreover, approving an ETF could lend more legitimacy to XRP and increase liquidity.
#Ripple💰 #ETFApprouval #XRP_ETF

As the cryptocurrency market continues to evolve, speculation about upcoming tokens and their potential impact is rampant. One such token generating buzz is the MBIX coin, commonly referred to as Moonbix.
Currently, there are speculations suggesting that the MBIX coin may be announced for listing on Binance in Q4 2024 or early 2025. However, it’s essential to approach this information cautiously, as there has been no official confirmation regarding the exact listing date or any specific details about the coin itself.
Understanding the Current Speculations
While the excitement surrounding the Moonbix token is palpable, it's important to note that, thus far, all discussions about the listing have been speculative. The cryptocurrency community is abuzz with theories about what the MBIX coin might offer, including potential rewards in popular cryptocurrencies such as BNB, USDC, or FDUSD. However, these are merely possibilities, and without an official announcement, it's crucial for investors and enthusiasts to remain vigilant.
Potential Listing Price Predictions
According to Binance Moonbix Airdrop Snapshot Date Leaked, the airdrop is expected to take place sometime between October and November 2024. However, if we consider trends from similar projects, several factors could influence the initial price. The overall market sentiment, the backing from significant trading platforms, and the coin's utility within its ecosystem will all play pivotal roles.
For example, if the MBIX coin garners substantial interest leading up to its launch, we might see a higher initial listing price. Conversely, if investor interest is tepid, the price could be more modest. It's also essential to factor in the price movements of other cryptocurrencies like BNB and USDC, as these could influence how MBIX is perceived upon launch.
Caution Is Key
In the fast-paced world of cryptocurrency, it's vital for potential investors to exercise caution. While the buzz around the MBIX coin is exciting, everything discussed about its listing and rewards should be taken with a grain of salt until more official information becomes available. The absence of a clear announcement from the developers means that any predictions or speculations should be carefully considered.
What your opinion?
Tell me in comment's
#moonbix #BTCUptober #NeiroOnBinance

Options trading involves buying or selling options contracts as a form of leverage, while margin trading involves borrowing money to buy more stocks or other securities than you could with just your available cash
Margin trades increase your asset buying power directly. Options trading increases your buying power indirectly.
#moonbix #BTCUptober #MarginTradingTips
#OptionTrading

Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu named Kabosu.
Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also crash unexpectedly when traders turn their attention to the next meme coin.
Another typical characteristic of meme coins is their huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices
#mememcoinseason2024 #BinanceLaunchpoolHMSTR

Futures are derivative contracts to buy or sell an asset at a future date at an agreed-upon price. Futures contracts allow players to secure a specific price and protect against future price swings. You can buy futures on commodities like coffee, stock indexes like the S&P 500 or cryptocurrencies like Bitcoin.
Steps to follow to make a trade
1. Learn About Futures: Futures are contracts to buy or sell something (like oil or gold) at a set price on a future date.
2. Choose What to Trade: Decide on the asset you want to trade, like commodities (food, oil) or financial products (stocks, currencies).
3. Find a Broker: You need a broker (a company that helps you trade) to open an account. Look for one that fits your needs.
4. Deposit Money: Once you have an account, put some money in it. This money acts as a security for your trades.
5. Analyze the Market: Check how prices are moving. Look at charts and news to help you decide when to buy or sell.
6. Make a Trade: Decide if you want to buy (go long) or sell (go short) a futures contract. Use your broker’s platform to place your order.
7. Monitor Your Trade: Keep an eye on how your trade is doing. Prices can change quickly, so be ready to act if needed.
8. Close Your Trade: You can close your trade anytime before the contract ends to take your profit or limit your losses.
9. Settlement: When the contract ends, you either get the cash difference or receive the actual asset.
10. Review Your Trades: After finishing, think about what went well and what didn’t to improve your trading skills next
Future trading involves learning about contracts, choosing what to trade, finding a broker, depositing money, analyzing the market, making and monitoring trades, closing trades, settling contracts, and reviewing your performance. It’s important to practice and understand the risks involved.
#FutureOfTrading #TCUptober #HBODocumentarySatoshiRevealed