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Predictions for the Price of Cardano as Hoskinson Says Biden Is "Killing Crypto" Get Reward๐๐ฐ๐ฐ On Friday, the price of Cardano (ADA) fell 4% after it encountered heavy resistance at its 21DMA again and despite claims made by Charles Hoskinson, the cryptocurrency's inventor, that US President Joe Biden is attempting to destroy crypto. With the 21-day moving average (DMA) around $0.467, ADA has been unable to break out of its week-long rally and was last trading around $0.445. The bears clearly have the upper hand in this market because of it. Traders are keeping an eye on the statements made by Cardano's creator in addition to the price forecast. He warned crypto holders that the Biden administration's goal is to "destroy the US crypto industry" if they voted for him in November. The 2023 price of ADA was significantly affected by the SEC's explicit classification of it as a security. "Operation Choke Point 2.0" was allegedly launched by the Biden administration with the goal of debanking US crypto businesses. The SEC has used various tools, such as SAB121, to try to limit cryptocurrency. Biden has been vocal in his opposition to SAB 121, which is being challenged by the US House. Can We Expect Cardano's Price to Drop to Zero? In the short term, the price of Cardano (ADA) is not looking good. Starting in late March, the Bitcoin encountered severe resistance near its 21DMA. Retesting the current lows around $0.40 seems probable given the bearish sentiment. As it encounters resistance at its 21DMA, the Cardano price is on the verge of a bearish breakthrough. $ADA #altcoins #ADA
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๐On May 10, the total net outflow of Bitcoin spot ETFs was $84.65 million. โขGrayscale ETF (GBTC) experienced an outflow of $103 million. โขBlackrock ETF (IBIT) experienced inflows of $12.43 million. โขFidelity ETF (FBTC) saw an inflow of $5.3 million. #BTC $BTC
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๐ Unlocking Bitcoin's Potential: A Dive into Layer 2 Innovations! ๐ 1. Introduction to BTC Layer 2 Solutions: - BTC Layer 2 (L2) solutions are built atop the Bitcoin blockchain to boost speed and reduce costs while maintaining security. 2. Types of BTC Layer 2 Solutions: - Lightning Network: Enables instant, low-cost payments through payment channels. - Sidechains: Independent blockchains allowing token transfers alongside Bitcoin. - Statechains: Facilitate off-chain transfer of bitcoin custody without third-party trust. 3. Benefits of BTC L2 Solutions: - Increased Throughput: Handles more transactions, easing congestion. - Reduced Fees: Avoids high fees during peak usage times. - Enhanced Privacy: Some L2 solutions offer improved transaction privacy. 4. Challenges and Considerations: - Complexity: May deter less tech-savvy users. - Security: Introduces new security risks. - Interoperability: Seamless interaction with main blockchain needs refinement. 5. The Future of BTC Layer 2 Ecosystem: - Crucial for long-term scalability and utility of Bitcoin. - Promises enhanced functionality for everyday transactions and complex agreements. 6. Conclusion: - Despite challenges, BTC Layer 2 solutions hold immense promise for Bitcoinโs evolution. - Stay tuned for updates as we explore and understand the impact of these innovations! ๐ Learn more: Explore the latest developments in BTC Layer 2 solutions and join the transformative journey at [SLOR Community](https://slordao.medium.com/). ๐จ Disclaimer: This is for educational purposes only. It's not financial advice or an investment recommendation. #BitcoinEducation #Layer2 #CryptoInnovation ๐๐
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$PEPE This is my Plan for Pepe! My limit are placed, now I patiently waiting for the outcome. I will take this trade on the challenge account 1H TF. Always follow your own plan and always use Stop Loss! #altcoins #Memecoins #pepe ๅ่ชฟ #pepepumping
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