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M Akhtar Shaheen

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https://s.binance.com/4ABz04xP

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.

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The recent surge in Dogecoin (DOGE) and Shiba Inu (SHIB) prices has caught the attention of traders and crypto enthusiasts. Let’s break it down: Dogecoin (DOGE): Price Surge: DOGE hit its highest monthly level recently, sparking increased trader activity. Catalyst: Dogecoin’s price surge acted as a catalyst for other cryptocurrencies. Traders observed a “nice base break,” indicating a bullish trend. Market Sentiment: The Crypto Fear and Greed Index shows improving market sentiment, with a “Greed” score of 741. Potential: Some believe DOGE could repeat its record-breaking performance from May 2021 when it reached $0.731. Shiba Inu (SHIB): Burn Rate: SHIB’s burn rate surged, attracting trader interest. Price Movement: SHIB followed DOGE’s lead, increasing by 3.89%. Speculative Nature: Memecoins like SHIB are highly speculative, making technical analysis challenging. In summary, both DOGE and SHIB benefited from market optimism, but caution is advised to avoid FOMO (Fear of Missing Out). Keep an eye on market trends and consider risk management strategies! Happy Trading 😊

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Highly Fluctuating Market Trading Strategies

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Be Binance: Simplifying Access To The Crypto Market For Everyday User

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In July 2024, the crypto market exhibited a mix of bullish and bearish movements. Here are some key points: Bitcoin (BTC): After five consecutive green days, BTC encountered a red day. Support was found around the $64,000 USD mark. Breaking the $65,000 USD level with volumes could lead to another leg up for BTC. Altcoins: Telegram-backed The Open Network (TON) announced a trustless DeFi bridge for Bitcoin. This development could be a bullish catalyst for TON, an already popular chain. Ethereum co-founder Vitalik Buterin expressed concerns about supporting US presidential candidate Donald Trump, emphasizing that mere crypto support isn’t sufficient reason to back a political figure. Upcoming Spot Ethereum ETFs: July 2024 is primarily focused on the potential launch of spot Ethereum ETFs. Keep an eye on developments in this area, as they could impact the overall crypto market.

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Crypto Market Trends: Current and Future Outlook

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