Binance Square
LIVE
LIVE
TopCryptoNews
--12.8k views
⚡️ What awaits us in May April is coming to an end and now is the time to prepare for May, which will be full of a lot of events that could have an impact on the market: ✅ 01.05 - Fed meeting, Powell's speech ✅ 03.05 - Unemployment in the USA ✅ 15.05 - CPI data ✅ 22.05 - Nvidia earnings report ✅ 22.05 - STX Nakamoto ✅ 05.24 - Launch of AI coin ASI ✅ 27.05 - Solana update 📈 These events are potential catalysts for market movements in May, so save this post and be prepared for market movements in advance. #CRYPTO #sol

⚡️ What awaits us in May

April is coming to an end and now is the time to prepare for May, which will be full of a lot of events that could have an impact on the market:

✅ 01.05 - Fed meeting, Powell's speech

✅ 03.05 - Unemployment in the USA

✅ 15.05 - CPI data

✅ 22.05 - Nvidia earnings report

✅ 22.05 - STX Nakamoto

✅ 05.24 - Launch of AI coin ASI

✅ 27.05 - Solana update

📈 These events are potential catalysts for market movements in May, so save this post and be prepared for market movements in advance.

#CRYPTO #sol

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
0
Réponses 7
Découvrez les dernières actus sur les cryptos
⚡️ Prenez part aux dernières discussions sur les cryptos
💬 Interagissez avec vos créateur(trice)s préféré(e)s
👍 Profitez du contenu qui vous intéresse
Adresse e-mail/Numéro de téléphone
Créateur pertinent
LIVE
@TopCryptoNews

Découvrez-en plus sur le créateur

--
🐋 Whale Activity Boosts Dogecoin Holdings Dogecoin investors, during recent market movements, saw the price drop from $0.1686 to $0.1423 and accumulated DOGE. Recently, on May 6th, DOGE moved above the price level of $0.168, which brought 5.21 million addresses into a profitable position. However, after this, the situation reversed. A minor correction in the price was observed throughout May 7th. According to on-chain data provided by Santiment, DOGE whales took advantage of this drop and purchased 265.86 million DOGE tokens. 🔸 DOGE Accumulating Whales According to data from the on-chain platform Santiment, addresses holding between 100 million and 1 billion DOGE increased their holdings by 1%, capturing 21% of the total supply on May 7th. Interestingly, the number of tokens held by these whales increased by 265.86 million DOGE, valued at approximately $41.2 million. This increase was significant in the market compared to the 342 million DOGE that left their possession the day before the whale entry. The latest data reveals that accumulation on exchanges is still ongoing. Meanwhile, recent data shared by the whale tracking platform Whale Alerts indicates that 120 million DOGE tokens, valued at 18 million dollars, were purchased from the cryptocurrency exchange Robinhood and transferred to wallets within a few hours. 🔸 The Significance of DOGE and Whale Movements Whale activity and sentiment are essential for any cryptocurrency, especially for a meme token like Dogecoin, whose value is mostly driven by hype and market sentiment rather than demand for utility. These whales typically move the market, and accumulation or selling by a few large traders can alter the sentiment of other investors. At the time of writing, DOGE was trading at $0.1448. The price correction that occurred between May 6th and May 9th seems to be continuing. Despite this, the price is still above the $0.143 level it jumped to during that period. Currently, DOGE has seen a 4% decrease in the last 24 hours and a 4% decrease over the last seven days. $DOGE #DOGE
--
🔥 Ethereum and Solana’s Market Dynamics In the volatile landscape of cryptocurrency markets, Ethereum and Solana have become notable focal points for investors and analysts alike. Ethereum, the leading altcoin by volume, and Solana, often dubbed as a significant contender, are both experiencing pivotal price movements. These fluctuations highlight the intricacies and uncertainties inherent in the market, raising questions about their future trajectories. 🔺 Insights into Solana’s Market Position Solana shows signs of gearing up for a potential rise above the $160 mark, a key resistance level identified by the 50-day Exponential Moving Average (EMA). This EMA is not only a crucial indicator of mid-term market trends but also often acts as a robust level of resistance or support. If Solana successfully surpasses this threshold, it could trigger a substantial upward price movement. However, the current bearish market sentiment and low trading volumes complicate this outlook. Historical trends suggest that reduced volumes might reflect a lack of market confidence in sustained positive momentum. 🔺 Assessing Ethereum’s Current Challenges On the other hand, Ethereum is currently struggling to breach the 100 EMA mark. Remaining below this critical point suggests a reluctance among traders to commit to a bullish stance on Ethereum. This reluctance is also mirrored by its price hovering below $3,100, distancing it further from a clear upward trajectory. Should Ethereum continue to operate below the 100 EMA, it could prompt a retest of the lower 50 EMA, potentially redefining its market strategy. 🔺 Key Takeaways for Investors ▫️ The 50 EMA and 100 EMA are critical technical indicators that could dictate the short-to-medium term price movements of Solana and Ethereum respectively. ▫️ A successful break above these levels may signify a turning point, whereas failure to do so could reinforce bearish trends. ▫️ Investors should monitor trading volumes as they provide clues about the market’s confidence and potential price directions. $SOL $ETH #SOL #ETH
--
⚠️ 𝗖𝗿𝘂𝗰𝗶𝗮𝗹 𝗥𝗶𝗽𝗽𝗹𝗲 (𝗫𝗥𝗣) 𝗠𝗼𝘃𝗲 𝗳𝗿𝗼𝗺 𝗢𝗻𝗲 𝗼𝗳 𝗝𝗮𝗽𝗮𝗻’𝘀 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 SBI Holdings, one of Japan's leading financial institutions, announced its decision to join XRP Ledger (XRPL) as a validator. The company's cryptocurrency subsidiary, SBI VC Trade, will begin operating as a node operator for the protocol starting May 10, 2024, to support the growth of the XRPL ecosystem. SBI Holdings has a long-standing history of using XRP Ledger through Ripple Payments, a blockchain payment infrastructure provider that leverages XRP to facilitate global payments. Building on this relationship, SBI Holdings has expanded its relationship with XRPL through SBI VC Trade, becoming the latest node operator to join the network. A representative from SBI VC Trade said: 💬 “𝙊𝙪𝙧 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙨𝙩𝙖𝙧𝙩𝙚𝙙 𝙪𝙨𝙞𝙣𝙜 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙨 𝙖 𝙫𝙖𝙡𝙞𝙙𝙖𝙩𝙤𝙧. 𝘽𝙮 𝙘𝙤𝙣𝙨𝙞𝙙𝙚𝙧𝙞𝙣𝙜 𝙖𝙣 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙨𝙮𝙨𝙩𝙚𝙢 𝙩𝙝𝙖𝙩 𝙧𝙚𝙛𝙡𝙚𝙘𝙩𝙨 𝙩𝙝𝙚 𝙫𝙤𝙞𝙘𝙚 𝙤𝙛 𝙓𝙍𝙋-𝙝𝙤𝙡𝙙𝙞𝙣𝙜 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧𝙨, 𝙬𝙚 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙖𝙗𝙡𝙚 𝙩𝙤 𝙪𝙨𝙚 𝙩𝙝𝙚 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙣𝙙 𝙥𝙧𝙤𝙘𝙚𝙨𝙨 𝙓𝙍𝙋 𝙩𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙢𝙤𝙧𝙚 𝙙𝙞𝙧𝙚𝙘𝙩𝙡𝙮.” Apart from joining the protocol as a validator, SBI VC Trade also aims to enter the Unique Node List (UNL), a list of trusted node operators that play an important role in ensuring the integrity of the network. However, the company's contributions and achievements as a protocol node operator will determine its eligibility for the list. $XRP #XRP #Japan
--
🔥 𝗘𝘁𝗵𝗲𝗻𝗮’𝘀 𝗡𝗲𝘄 𝗥𝗼𝗮𝗱𝗺𝗮𝗽 𝗨𝗻𝗶𝘁𝗲𝘀 𝗗𝗲𝗙𝗶, 𝗖𝗲𝗙𝗶, 𝗧𝗿𝗮𝗱𝗙𝗶 Ethena Labs presented its new roadmap, promising a convergence between DeFi, CeFi, and TradFi. Its synthetic stablecoin, USDe, aims to replicate what Tether’s USDT did in 2014 and MarkerDAO did in 2017. 🔸 𝗘𝘁𝗵𝗲𝗻𝗮’𝘀 𝗩𝗶𝘀𝗶𝗼𝗻: 𝗗𝗲𝗙𝗶, 𝗖𝗲𝗙𝗶, 𝗧𝗿𝗮𝗱𝗙𝗶 𝗖𝗼𝗻𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 According to the DeFi protocol, USDe succeeds because its reserves represent more than double the open interest in each combined perpetual DEX. Ethena explained in its roadmap that it can provide valuable ‘non-toxic’ flows to exchanges DEX and CEX by using USDe as collateral and triggering open interest. It emphasized that they act as a neutral infrastructure, which has resulted in up to $1.25 billion in protocol allocation towards USDe. 💬 “As other stable coin issuers grow and proliferate through DeFi, Ethena will expand along with them. The foundation in the futures markets is higher real yields. USDe will be the core element on which these interest rate markets will be built,” Ethena said. After launching its roadmap, Ethena’s native token, ENA, soared more than 8%, rising from $0.85 to $0.93. ENA is in a bullish rally, having risen 18.22% last week and 47.24% since its launch, with a market capitalization of $1.41 billion. $ENA #ENA #Ethena
--

Dernières actualités

Voir plus
Plan du site
Cookie Preferences
CGU de la plateforme