What did you learn from crypto? #BinanceTournament | Bilal Ashraf en Binance Square

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¿Qué aprendiste de las criptomonedas?
#BinanceTournament 

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Teenage DOGE millionaire bets on defi platform DTX to recapture wins

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Dogwifhat drops 38% in the last seven days and leaves the top 50. Due to a 38% decline in price over the last seven days, Solana memecoin Dogwifhat (WIF) has left the top 50 cryptocurrencies by market capitalization. In a 12-hour period on June 23, Dogwifhat's market cap dropped by 9% to $1.60 billion. As a result, Fantom FTM tickers down $0.57 surpassed Dogwifhat to take the top spot among the top 50 cryptocurrencies by market size, jumping 2.24% to $1.65 billion. The anonymous cryptocurrency trader Blockgraze stated in a June 23 X post, "A lot of people are talking about how WIF is in their accumulation zone, but I just checked the chart and it doesn't seem like anyone is accumulating." Dogwifhat, which is ranked below PEPE ~PEPE tickers down $0.000011}, which has approximately three times the market value of Dogwifhat at $4.57 billion, is still the fourth largest memecoin by market cap. According to CoinMarketCap data, Dogwifhat is currently trading at $1.62, down 38% over the previous seven days, as of the time of posting. It appears that futures traders are hesitating to place bets on Dogwifhat's short-term trajectory due to the price drop. According to CoinGlass statistics, the total value of all outstanding or unsettled Bitcoin futures contracts across exchanges, or Open Interest (OI), has decreased by 25% to $209.64 million within the same time period. A 13% recovery to the price of $1.81 from two days earlier would wipe out almost $13.53 million of short bets. Over the past few months, opinions have drastically changed. A few months ago, when Dogwifhat was trading at $3, there were calls for a treble increase in price. Arthur Hayes, the current chief investment officer at Maelstrom and the former CEO of BitMEX, projected that Dogwifhat, a memecoin headquartered in Solana, will rise to $10 on March 14, the day it crossed $3 for the first time. Hayes wrote on March 14 on X, "The hat stays on while I count to $10." #BinanceTournament #CPIAlert #CertiKvsKraken #LayerZero

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This Is The Reason Behind Altcoin Investors' Struggle Even With Bitcoin Nearing Yearly Highs

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💵Want to become Millionaire with crypto here are some important tips for it. How to Become a Successful Crypto Trader Diversify Your Portfolio. To minimize risk, it is crucial to spread your investments across multiple cryptocurrencies. Cost Management. Flexible Trading Schedule. Stay Informed. Technical Analysis. Risk Mitigation. Education and Research. Practice with Demo Accounts #ETHETFsApproved #CertiKvsKraken #MicroStrategy #CryptoTradingGuide #Megadrop

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Though There Are Concerning Signs, the Crypto Market Is Still in a Bull Cycle 🤯 In the midst of severe losses from bitcoin (BTC) and altcoins, the cryptocurrency market is in the red. BTC is circling important levels and has dropped below traders' on-chain realized price of $65,800. As of right now, there is no positive impetus. The poor growth in bitcoin whale demand and low stablecoin liquidity are clear signs of the absence of bullish momentum in the crypto market. Large Bitcoin holders' demand is increasing at a rate of 4.8% per month and shows no signs of abating. The current rate is still far from the 6%–10% experienced in the first quarter of this year, when BTC surged to its all-time high, even though it is slightly higher than the 2.4% observed in late May. Furthermore, on-chain data indicates that traders' desire for Bitcoin has not yet rekindled, indicating that they are not buying the asset at this time. Since the price of bitcoin hit $70,000 in late May, this group of individuals has begun selling off their holdings. Bitcoin Might Reach $60K Additionally, as seen by the fact that the Coinbase Premiums for Ethereum and Bitcoin have remained below zero since May 20, the demand for ether (ETH) and bitcoin among US investors is still at an all-time low. Growth in U.S. investor demand is a major factor driving the price of ETH and Bitcoin. Spot Bitcoin ETFs are another indicator of the poor demand from US investors; they have been losing money since June 13. Over the last week, the funds have lost more than $100 million on each trading day combined. Given that it is now below traders' on-chain realized price, Bitcoin may drop to $60,000 in the interim. #BinanceTournament #Megadrop #CertiKvsKraken #ETHETFsApproved #LayerZero

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