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Binance Square Official
--
Predict BTC Price & Win up to $300 USDC!
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
$88k
Binance Square Official
--
Predict BTC Price & Win up to $300 USDC!
🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next?
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Drop your prediction for this week's $BTC closing price in the comments of this post 👇
🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now!
*Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC)
‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions:
This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
My own Journey from December 2022 to December 2024 🥺❤️. I entered Broke when $BTC Bitcoin was at $16k and Today it touched $100k. Now I'm independent and happy, also it's all because of good platform. #BinanceSquareFamily #BTC100K! #Write2Earn!
HAHAH👿😈💸 when you Know!!!
$BTC Trump or Harris?? For BITCOIN the elections only need to happen!!
🖊️
November 08, 2016 U.S. election → Bitcoin reached a cycle top 399 days later.
November 03, 2020 U.S. election → Bitcoin topped 371 days later.
You're suggesting that, based on this pattern, after the November 05, 2024 election, we could expect Bitcoin's next cycle top around November 10, 2025 (approximately 371–399 days post-election).
While this model provides a general timeframe based on historical data, it doesn't account for other macroeconomic factors or unpredictable events that can influence market behavior. However, it's a valuable strategy to monitor for longer-term investors, keeping an eye on the cycle timing. Would you like to explore any adjustments or other indicators?
#BinanceLaunchpoolHMSTR #bitcoin☀️
🖊️
November 08, 2016 U.S. election → Bitcoin reached a cycle top 399 days later.
November 03, 2020 U.S. election → Bitcoin topped 371 days later.
You're suggesting that, based on this pattern, after the November 05, 2024 election, we could expect Bitcoin's next cycle top around November 10, 2025 (approximately 371–399 days post-election).
While this model provides a general timeframe based on historical data, it doesn't account for other macroeconomic factors or unpredictable events that can influence market behavior. However, it's a valuable strategy to monitor for longer-term investors, keeping an eye on the cycle timing. Would you like to explore any adjustments or other indicators?
#BinanceLaunchpoolHMSTR #bitcoin☀️
$BTC Trump or Harris?? For BITCOIN the elections only need to happen!!
🖊️
November 08, 2016 U.S. election → Bitcoin reached a cycle top 399 days later.
November 03, 2020 U.S. election → Bitcoin topped 371 days later.
You're suggesting that, based on this pattern, after the November 05, 2024 election, we could expect Bitcoin's next cycle top around November 10, 2025 (approximately 371–399 days post-election).
While this model provides a general timeframe based on historical data, it doesn't account for other macroeconomic factors or unpredictable events that can influence market behavior. However, it's a valuable strategy to monitor for longer-term investors, keeping an eye on the cycle timing. Would you like to explore any adjustments or other indicators?
#BinanceLaunchpoolHMSTR #bitcoin☀️
🖊️
November 08, 2016 U.S. election → Bitcoin reached a cycle top 399 days later.
November 03, 2020 U.S. election → Bitcoin topped 371 days later.
You're suggesting that, based on this pattern, after the November 05, 2024 election, we could expect Bitcoin's next cycle top around November 10, 2025 (approximately 371–399 days post-election).
While this model provides a general timeframe based on historical data, it doesn't account for other macroeconomic factors or unpredictable events that can influence market behavior. However, it's a valuable strategy to monitor for longer-term investors, keeping an eye on the cycle timing. Would you like to explore any adjustments or other indicators?
#BinanceLaunchpoolHMSTR #bitcoin☀️
$XRP
XRP seems to have a low time frame and a high time frame to make a new trend change.XRP has been a long time in the breakdown.. This year seems XRP to add a new change in the trend for the first time.On the low time frame, XRP seems to make a new increase level, which can allow XRP to return to the first target of $ 0,74 followed by a target up the $1.
#BinanceTurns7 #BinanceTournament #XRPGoal
XRP seems to have a low time frame and a high time frame to make a new trend change.XRP has been a long time in the breakdown.. This year seems XRP to add a new change in the trend for the first time.On the low time frame, XRP seems to make a new increase level, which can allow XRP to return to the first target of $ 0,74 followed by a target up the $1.
#BinanceTurns7 #BinanceTournament #XRPGoal
Prediction: Crypto Prices Will Surge After the Sell-Off, Seize Your Chance to Buy Now.
Crypto prices are down recently and the highly anticipated boost from the Bitcoin halving is nowhere to be seen. Here why you should see this price drop as a promising buy-in opportunity.
#MarketDownturn #Write2Earn! #BTC☀
Crypto prices are down recently and the highly anticipated boost from the Bitcoin halving is nowhere to be seen. Here why you should see this price drop as a promising buy-in opportunity.
#MarketDownturn #Write2Earn! #BTC☀
Ethereum ETF Launch Causing Temporary Crypto Dump!!!!.
$ETH
Last week saw the official launch of the highly anticipated Ethereum spot ETF, but markets dropped immediately after trading began. This mirrors the earlier Bitcoin spot ETF launch, which lost over 26% in the first 7 trading days. The Ethereum ETF is currently down 12% after 7 trading days.
Historically, significant crypto news often triggers market dumps. Despite the current downturn, I believe this dip is temporary. As noted in my latest BTC analysis, the green area on the chart is an ideal buying zone, anticipating a reversal in the ETF's trading direction.
#ETH_ETFs_Approval_Predictions
$ETH
Last week saw the official launch of the highly anticipated Ethereum spot ETF, but markets dropped immediately after trading began. This mirrors the earlier Bitcoin spot ETF launch, which lost over 26% in the first 7 trading days. The Ethereum ETF is currently down 12% after 7 trading days.
Historically, significant crypto news often triggers market dumps. Despite the current downturn, I believe this dip is temporary. As noted in my latest BTC analysis, the green area on the chart is an ideal buying zone, anticipating a reversal in the ETF's trading direction.
#ETH_ETFs_Approval_Predictions
$XRP
XRP seems to have a low time frame and a high time frame to make a new trend change.XRP has been a long time in the breakdown.. This year seems XRP to add a new change in the trend for the first time.On the low time frame, XRP seems to make a new increase level, which can allow XRP to return to the first target of $ 0,74 followed by a target up the $1.
#BinanceTurns7 #BinanceTournament #XRPGoal
XRP seems to have a low time frame and a high time frame to make a new trend change.XRP has been a long time in the breakdown.. This year seems XRP to add a new change in the trend for the first time.On the low time frame, XRP seems to make a new increase level, which can allow XRP to return to the first target of $ 0,74 followed by a target up the $1.
#BinanceTurns7 #BinanceTournament #XRPGoal
$BTC
What you think? Can #bitcoin☀️ Really shock us ? Please tell your thoughts in Comment a section.
#BinanceTurns7 #Write2Earn!
What you think? Can #bitcoin☀️ Really shock us ? Please tell your thoughts in Comment a section.
#BinanceTurns7 #Write2Earn!
How Airdrops Work
1. **Announcement**:
Projects announce airdrops via social media, forums, or their website.
2. **Eligibility**:
Participants must meet specific criteria like holding certain tokens or completing tasks (e.g., social media shares).
3. **Distribution**:
Tokens are sent directly to eligible wallet addresses.
4. **Verification**:
Participants may need to verify identity or task completion.
~~~Types of Airdrops~~~
1. **Standard Airdrops**:
Distributed to holders of a specific cryptocurrency.
2. **Exclusive Airdrops**:
Given to a select group based on specific criteria.
3.**Holder Airdrops**:
Based on holding a specific token in a wallet.
4. **Bounty Airdrops**:
Rewards for completing promotional tasks.
5. **Hard Fork Airdrops**:
New tokens received after a blockchain splits.
~~ Examples of Airdrops- **Uniswap (UNI)**:
Airdropped 400 UNI tokens to previous platform users.
- **Stellar Lumens (XLM)**:
Distributed tokens to Bitcoin holders and Keybase users.
- **OmiseGO (OMG)**:
Airdropped to early Ethereum holders.
Strategies to Find and Participate in Airdrops
1. **Follow Social Media and Forums**:
Monitor platforms like Twitter, Reddit, and Telegram.
2. **Sign Up for Airdrop Notifications**:
Use sites like AirdropAlert and Airdrops.io.
3. **Join Blockchain Communities**:
Participate in Discord and Bitcointalk forums.
4. **Check Project Websites**:
Regularly visit project sites for announcements.
5. **Meet Eligibility Requirements**:
Ensure your wallet meets criteria like holding specific tokens.6. **Stay Secure**:
Avoid scams by never sharing private keys and verifying announcements.
#AirdropGuide #AirdropGuide #BinanceTournament #laucnhpool
1. **Announcement**:
Projects announce airdrops via social media, forums, or their website.
2. **Eligibility**:
Participants must meet specific criteria like holding certain tokens or completing tasks (e.g., social media shares).
3. **Distribution**:
Tokens are sent directly to eligible wallet addresses.
4. **Verification**:
Participants may need to verify identity or task completion.
~~~Types of Airdrops~~~
1. **Standard Airdrops**:
Distributed to holders of a specific cryptocurrency.
2. **Exclusive Airdrops**:
Given to a select group based on specific criteria.
3.**Holder Airdrops**:
Based on holding a specific token in a wallet.
4. **Bounty Airdrops**:
Rewards for completing promotional tasks.
5. **Hard Fork Airdrops**:
New tokens received after a blockchain splits.
~~ Examples of Airdrops- **Uniswap (UNI)**:
Airdropped 400 UNI tokens to previous platform users.
- **Stellar Lumens (XLM)**:
Distributed tokens to Bitcoin holders and Keybase users.
- **OmiseGO (OMG)**:
Airdropped to early Ethereum holders.
Strategies to Find and Participate in Airdrops
1. **Follow Social Media and Forums**:
Monitor platforms like Twitter, Reddit, and Telegram.
2. **Sign Up for Airdrop Notifications**:
Use sites like AirdropAlert and Airdrops.io.
3. **Join Blockchain Communities**:
Participate in Discord and Bitcointalk forums.
4. **Check Project Websites**:
Regularly visit project sites for announcements.
5. **Meet Eligibility Requirements**:
Ensure your wallet meets criteria like holding specific tokens.6. **Stay Secure**:
Avoid scams by never sharing private keys and verifying announcements.
#AirdropGuide #AirdropGuide #BinanceTournament #laucnhpool
$BTC
BITCOIN detailed PARABOLIC curve Pattern Long term Price movemof Analysis Of what Will Happen as Seeing #ETFInflows which are over $105 MILLION Daily on 15 Days streak 💥🔥.
#ETHETFsApproved #altcoins #BlackRock #MicroStrategy
BITCOIN detailed PARABOLIC curve Pattern Long term Price movemof Analysis Of what Will Happen as Seeing #ETFInflows which are over $105 MILLION Daily on 15 Days streak 💥🔥.
#ETHETFsApproved #altcoins #BlackRock #MicroStrategy
$INJ
INJ/USDT Technical Analysis by Cryptorphic
- Price at Time of Analysis: $26.111
Key Support Level: $25.451
Resistance Levels:
Short-term: $29.069
Major: $30.512
Long-term target: $69.785 - $70.007
◆ Chart Patterns:
- A breakout from the descending wedge pattern.
- Potential bullish movement towards the long-term target indicated in the green zone.
• Moving Averages:
- The price is currently below the 100-day moving average (purple line), suggesting a potential bullish trend continuation if it breaks the level in the coming days. This scenario is highly likely.
✓ Forecast:
- Expecting a price surge towards the $70 range, as depicted in the chart. Watch for price action around the major resistance levels for confirmation. -
Do hit the like button if you like it and share your views in the comment section.
Thank you❗
#Megadrop #ETHETFsApproved #INJTECTIVE
INJ/USDT Technical Analysis by Cryptorphic
- Price at Time of Analysis: $26.111
Key Support Level: $25.451
Resistance Levels:
Short-term: $29.069
Major: $30.512
Long-term target: $69.785 - $70.007
◆ Chart Patterns:
- A breakout from the descending wedge pattern.
- Potential bullish movement towards the long-term target indicated in the green zone.
• Moving Averages:
- The price is currently below the 100-day moving average (purple line), suggesting a potential bullish trend continuation if it breaks the level in the coming days. This scenario is highly likely.
✓ Forecast:
- Expecting a price surge towards the $70 range, as depicted in the chart. Watch for price action around the major resistance levels for confirmation. -
Do hit the like button if you like it and share your views in the comment section.
Thank you❗
#Megadrop #ETHETFsApproved #INJTECTIVE
~Dont Miss Any Buying Opportunity ~
What after #ETHETFsApproved , Same if we see at #BTCETFS market Dump after Approval news which is called Sell the news, Same Happening this Time with $ETH . We will see $ETH Soon to the news highs or also New ATH When Companies like Blackrock starts buying .
•Ethereum ETFs approved as SEC gives shocking green light to applications.
•Bipartisan US lawmakers earlier urged SEC Chair in a letter on Thursday to give the green light.
•Ethereum may rally more than Bitcoin did following ETF approval.
#ETFvsBTC
What after #ETHETFsApproved , Same if we see at #BTCETFS market Dump after Approval news which is called Sell the news, Same Happening this Time with $ETH . We will see $ETH Soon to the news highs or also New ATH When Companies like Blackrock starts buying .
•Ethereum ETFs approved as SEC gives shocking green light to applications.
•Bipartisan US lawmakers earlier urged SEC Chair in a letter on Thursday to give the green light.
•Ethereum may rally more than Bitcoin did following ETF approval.
#ETFvsBTC
$ETH
The SEC approved spot ETH ETFs on Thursday after engaging with issuers on Monday, following weeks of silence. This unexpected approval comes after asking exchanges to submit amended filings, boosting analyst approval odds from 25% to 75%. The SEC's move is seen as political, possibly influenced by President Biden after Trump’s pro-crypto stance. The SEC still needs to approve S-1 applications before ETFs launch.
Experts predict that like Bitcoin’s post-ETF approval rally, Ethereum might hit new highs. DeFi tokens could also see significant gains. However, concerns exist about potential security risks due to ETH moving into ETFs. Analysts suggest ETF inflows for ETH might be lower than Bitcoin, as investors might prefer staking rewards over ETF holdings.
#ETHETFS #ETFvsBTC
The SEC approved spot ETH ETFs on Thursday after engaging with issuers on Monday, following weeks of silence. This unexpected approval comes after asking exchanges to submit amended filings, boosting analyst approval odds from 25% to 75%. The SEC's move is seen as political, possibly influenced by President Biden after Trump’s pro-crypto stance. The SEC still needs to approve S-1 applications before ETFs launch.
Experts predict that like Bitcoin’s post-ETF approval rally, Ethereum might hit new highs. DeFi tokens could also see significant gains. However, concerns exist about potential security risks due to ETH moving into ETFs. Analysts suggest ETF inflows for ETH might be lower than Bitcoin, as investors might prefer staking rewards over ETF holdings.
#ETHETFS #ETFvsBTC
$LDO $MKR $STRK
Several DeFi and Layer 2 (L2) tokens have seen significant gains following Ethereum's recent rally, driven by optimism over potential SEC approval of spot ETH ETFs. DeFi tokens like Uniswap (UNI), Maker (MKR), Lido DAO (LDO), and Ethena (ENA) posted impressive gains of 14-23%, with AAVE also rising over 16%. Additionally, Synthetix (SNX) gained 14%. L2 tokens such as Arbitrum (ARB), Optimism (OP), and Starknet (STRK) saw increases of 11-20%.
This surge is attributed to the broader positive sentiment in the Ethereum ecosystem. Ethereum's rise is largely fueled by expectations that the SEC will approve spot ETH ETFs, which would significantly boost institutional investment in the cryptocurrency market. The increased attention on Ethereum is also benefiting DeFi and L2 tokens, which are integral parts of its ecosystem.
Uniswap founder Hayden Adams recently commented on the upcoming FIT21 bill, noting that Congress’s recognition of DeFi as fundamentally different is a major step in the right direction for the industry. This acknowledgment is seen as a positive development that could lead to more favorable regulations for DeFi projects.
Ethereum’s continued rise could further boost these tokens, creating a ripple effect that might push several DeFi and L2 tokens to new highs. DeFi led the last bull cycle from late 2020 into 2021, and its recent performance suggests it could again play a significant role in the current market dynamics.
Moreover, Bloomberg analysts have increased the approval odds for ETH ETFs to 75%, adding to the bullish sentiment. If these ETFs are approved, it would likely bring a significant influx of capital into the Ethereum ecosystem, further driving up the prices of ETH and related tokens. The evolving regulatory landscape and increasing institutional interest are key factors that could drive this growth further.
#ETFvsBTC #AltcoinGains #ETHETFS
Several DeFi and Layer 2 (L2) tokens have seen significant gains following Ethereum's recent rally, driven by optimism over potential SEC approval of spot ETH ETFs. DeFi tokens like Uniswap (UNI), Maker (MKR), Lido DAO (LDO), and Ethena (ENA) posted impressive gains of 14-23%, with AAVE also rising over 16%. Additionally, Synthetix (SNX) gained 14%. L2 tokens such as Arbitrum (ARB), Optimism (OP), and Starknet (STRK) saw increases of 11-20%.
This surge is attributed to the broader positive sentiment in the Ethereum ecosystem. Ethereum's rise is largely fueled by expectations that the SEC will approve spot ETH ETFs, which would significantly boost institutional investment in the cryptocurrency market. The increased attention on Ethereum is also benefiting DeFi and L2 tokens, which are integral parts of its ecosystem.
Uniswap founder Hayden Adams recently commented on the upcoming FIT21 bill, noting that Congress’s recognition of DeFi as fundamentally different is a major step in the right direction for the industry. This acknowledgment is seen as a positive development that could lead to more favorable regulations for DeFi projects.
Ethereum’s continued rise could further boost these tokens, creating a ripple effect that might push several DeFi and L2 tokens to new highs. DeFi led the last bull cycle from late 2020 into 2021, and its recent performance suggests it could again play a significant role in the current market dynamics.
Moreover, Bloomberg analysts have increased the approval odds for ETH ETFs to 75%, adding to the bullish sentiment. If these ETFs are approved, it would likely bring a significant influx of capital into the Ethereum ecosystem, further driving up the prices of ETH and related tokens. The evolving regulatory landscape and increasing institutional interest are key factors that could drive this growth further.
#ETFvsBTC #AltcoinGains #ETHETFS
#ETHETFS #ETFvsBTC
Fidelity, a major U.S. asset management firm with $4.9 trillion under management, has amended its S-1 application with the SEC to increase the chances of approving its spot Ethereum ETF. Analysts now estimate a 75% probability of approval. The key change in the amendment is the removal of a clause about Ethereum staking, which had previously indicated that the fund would stake assets and treat staking rewards as taxable income for investors. By eliminating this clause, Fidelity simplifies the fund's structure and addresses regulatory concerns, potentially improving the ETF's approval prospects.
$ETH
Fidelity, a major U.S. asset management firm with $4.9 trillion under management, has amended its S-1 application with the SEC to increase the chances of approving its spot Ethereum ETF. Analysts now estimate a 75% probability of approval. The key change in the amendment is the removal of a clause about Ethereum staking, which had previously indicated that the fund would stake assets and treat staking rewards as taxable income for investors. By eliminating this clause, Fidelity simplifies the fund's structure and addresses regulatory concerns, potentially improving the ETF's approval prospects.
$ETH
According to a CoinGecko report, Solana, Sui, and Binance Smart Chain have the highest real transactions per second (TPS) among blockchain networks. Solana leads with an average of 1,053 daily TPS, followed by Sui with 854.1 TPS, and Binance Smart Chain with 378.3 TPS. The report evaluated blockchains based on transaction volume, with Solana's 1,053 TPS being just 1.6% of its theoretical 65,000 TPS. Ethereum ranks seventeenth, trailing behind most Layer 1 and Layer 2 networks. Bitcoin, processing 10.7 TPS, is in the bottom 10. The rankings were based on the top 30 blockchains by total value of assets locked (TVL) and their maximum transactions in the past year, highlighting the utility and adoption potential of these networks.
$SOL $SUI
#ETHETFS #ETFvsBTC #BSC!
$SOL $SUI
#ETHETFS #ETFvsBTC #BSC!
$BTC $DOGE
Dogecoin (DOGE) has broken above a descending trendline, signaling potential for a 15% rise to $0.18, contingent on Bitcoin (BTC) maintaining above $65,000. Bullish momentum is supported by higher lows on the Relative Strength Index (RSI) and a positive trend in the Awesome Oscillator. If DOGE surpasses the $0.16 resistance, it could reach $0.18, and potentially $0.20. However, a close below $0.12 would invalidate the bullish outlook, possibly leading to a decline to $0.11.
#DogecoinDay #BULL-RUN #Memecoins #ETFvsBTC
Dogecoin (DOGE) has broken above a descending trendline, signaling potential for a 15% rise to $0.18, contingent on Bitcoin (BTC) maintaining above $65,000. Bullish momentum is supported by higher lows on the Relative Strength Index (RSI) and a positive trend in the Awesome Oscillator. If DOGE surpasses the $0.16 resistance, it could reach $0.18, and potentially $0.20. However, a close below $0.12 would invalidate the bullish outlook, possibly leading to a decline to $0.11.
#DogecoinDay #BULL-RUN #Memecoins #ETFvsBTC