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Recent Bitcoin price volatility, including a drop below $50,000, has raised doubts about the viability of a proposed federal Bitcoin strategic reserve, advocated by politicians like Donald Trump and Robert F. Kennedy Jr. Experts, including Cerus Markets CEO Michael Brescia, argue that Bitcoin's high-risk nature makes it unsuitable for national reserves, which aim to ensure economic stability.
While supporters claim Bitcoin's scarcity offers a better hedge against inflation than traditional assets like gold and silver, critics emphasize that these traditional assets provide greater stability and have historically strengthened the U.S. economy. Currently, Bitcoin's price has fallen 27% from its March 2024 peak of $74,000, contrasting with 20% and 22% increases in gold and silver futures, respectively.
Although interest in a Bitcoin reserve is growing, including a bill from Senator Cynthia Lummis, the proposal faces significant opposition and is unlikely to succeed. Brescia concludes that Bitcoin's current volatility and size—only about one-fifteenth that of gold—render it impractical for national reserves at this time.
#MarketDownturn #BinanceTurns7 #BTC☀
While supporters claim Bitcoin's scarcity offers a better hedge against inflation than traditional assets like gold and silver, critics emphasize that these traditional assets provide greater stability and have historically strengthened the U.S. economy. Currently, Bitcoin's price has fallen 27% from its March 2024 peak of $74,000, contrasting with 20% and 22% increases in gold and silver futures, respectively.
Although interest in a Bitcoin reserve is growing, including a bill from Senator Cynthia Lummis, the proposal faces significant opposition and is unlikely to succeed. Brescia concludes that Bitcoin's current volatility and size—only about one-fifteenth that of gold—render it impractical for national reserves at this time.
#MarketDownturn #BinanceTurns7 #BTC☀
FalconX reports a clear trend of institutional investors buying the dip in cryptocurrency following a market downturn that wiped out approximately $230 billion. Interest in Bitcoin remains high, with institutions purchasing nearly three times more Bitcoin than Ethereum.
David Lawant, head of research at FalconX, noted that various investor types—including proprietary trading desks (57% of buy-side flows), hedge funds (63%), venture funds (61%), and retail aggregators (72%)—have acted as net buyers during this correction. The sell-off, triggered by broader market declines due to disappointing U.S. jobs data, led many crypto investors to liquidate positions.
Despite this, Bitcoin has rebounded about 13% from its lows to approximately $56,400. Lawant emphasized that institutional investors see the current dip as an opportunity to strengthen their positions, maintaining a positive long-term outlook for the cryptocurrency market.
The trend of institutions buying the dip indicates renewed confidence in cryptocurrencies, particularly Bitcoin, as they leverage lower prices to enhance their market presence.
#BTCMarketPanic #BTC☀ #bitcoin☀️
David Lawant, head of research at FalconX, noted that various investor types—including proprietary trading desks (57% of buy-side flows), hedge funds (63%), venture funds (61%), and retail aggregators (72%)—have acted as net buyers during this correction. The sell-off, triggered by broader market declines due to disappointing U.S. jobs data, led many crypto investors to liquidate positions.
Despite this, Bitcoin has rebounded about 13% from its lows to approximately $56,400. Lawant emphasized that institutional investors see the current dip as an opportunity to strengthen their positions, maintaining a positive long-term outlook for the cryptocurrency market.
The trend of institutions buying the dip indicates renewed confidence in cryptocurrencies, particularly Bitcoin, as they leverage lower prices to enhance their market presence.
#BTCMarketPanic #BTC☀ #bitcoin☀️
Bitcoin has fallen below $55,000, reaching a three-week low due to rising macroeconomic uncertainties and geopolitical tensions. Key factors include the upcoming U.S. election, interest rate fluctuations, and escalating conflicts in the Middle East.
Over the weekend, Bitcoin dropped approximately 10%, falling under $60,000 for the first time since July 13. Total liquidations reached $620 million, with long positions accounting for 90% of this total, according to CoinGlass data.
Rich Rosenblum, co-founder of GSR, noted that while signs suggest a potential second phase of the bull market, a macro or geopolitical collapse—similar to March 2020—could heavily impact crypto assets. He indicated that such a downturn might present a strong buying opportunity as increased monetary stimulus typically follows economic distress, making assets like Bitcoin more attractive.
Political dynamics are shifting, with Vice President Kamala Harris gaining ground against former President Donald Trump, following President Biden’s exit from the race. This uncertainty, combined with tensions in the Middle East, where Israel is preparing for potential attacks from Iran and Hezbollah, adds to market volatility.
Ryan McMillin, chief investment officer at Merkle Tree Capital, pointed out that cryptocurrencies often sell off during weekends. However, he believes the worst may be over, positioning Bitcoin at the lower end of its five-month range as a potential buying opportunity.
In summary, while the crypto market faces significant challenges, the interaction of macroeconomic conditions and geopolitical developments may create future investment opportunities.
#BTC_MarketPanic_Dip #US_Job_Market_Slowdown #BTC☀ #Bitcoin❗ #bitcoin☀️
Over the weekend, Bitcoin dropped approximately 10%, falling under $60,000 for the first time since July 13. Total liquidations reached $620 million, with long positions accounting for 90% of this total, according to CoinGlass data.
Rich Rosenblum, co-founder of GSR, noted that while signs suggest a potential second phase of the bull market, a macro or geopolitical collapse—similar to March 2020—could heavily impact crypto assets. He indicated that such a downturn might present a strong buying opportunity as increased monetary stimulus typically follows economic distress, making assets like Bitcoin more attractive.
Political dynamics are shifting, with Vice President Kamala Harris gaining ground against former President Donald Trump, following President Biden’s exit from the race. This uncertainty, combined with tensions in the Middle East, where Israel is preparing for potential attacks from Iran and Hezbollah, adds to market volatility.
Ryan McMillin, chief investment officer at Merkle Tree Capital, pointed out that cryptocurrencies often sell off during weekends. However, he believes the worst may be over, positioning Bitcoin at the lower end of its five-month range as a potential buying opportunity.
In summary, while the crypto market faces significant challenges, the interaction of macroeconomic conditions and geopolitical developments may create future investment opportunities.
#BTC_MarketPanic_Dip #US_Job_Market_Slowdown #BTC☀ #Bitcoin❗ #bitcoin☀️
Bybit has announced its withdrawal from the French market effective August 13, limiting user transactions to fund withdrawals only. This decision follows increasing regulatory pressures as the European Union implements its Markets in Crypto-Assets (MiCA) regulation, which aims to establish a comprehensive framework for cryptocurrency providers.
The French financial commission, AMF, previously warned that Bybit was operating without proper registration as a digital asset service provider (DASP), labeling the exchange as illegal under French law. Bybit's compliance issues in France have been ongoing, and the platform has faced scrutiny since being blacklisted in 2022 for non-compliance.
Bybit’s exit from France is part of a broader trend, as the exchange has also withdrawn from markets in Canada and the U.K. due to tightening regulations. Currently, Bybit is not planning to serve several major markets, including the U.S., U.K., and China, while simultaneously expanding its operations in more compliant jurisdictions like the Netherlands.
The introduction of MiCA in the EU, which includes stringent regulations for stablecoins and oversight measures for cryptocurrency service providers, reflects an evolving regulatory landscape. While these changes are aimed at enhancing consumer protections and combating financial crime, they present challenges for exchanges like Bybit that seek to operate across multiple jurisdictions.
Despite these setbacks, Bybit remains a significant player in the crypto exchange market, ranking as the second-largest by trading volume, with over $5.5 billion traded recently. This position underscores the exchange's adaptability and continued relevance in the global crypto landscape, even as it navigates regulatory hurdles in key markets.
#Bybit #Market_Update #Bitcoin❗ #BTC☀
The French financial commission, AMF, previously warned that Bybit was operating without proper registration as a digital asset service provider (DASP), labeling the exchange as illegal under French law. Bybit's compliance issues in France have been ongoing, and the platform has faced scrutiny since being blacklisted in 2022 for non-compliance.
Bybit’s exit from France is part of a broader trend, as the exchange has also withdrawn from markets in Canada and the U.K. due to tightening regulations. Currently, Bybit is not planning to serve several major markets, including the U.S., U.K., and China, while simultaneously expanding its operations in more compliant jurisdictions like the Netherlands.
The introduction of MiCA in the EU, which includes stringent regulations for stablecoins and oversight measures for cryptocurrency service providers, reflects an evolving regulatory landscape. While these changes are aimed at enhancing consumer protections and combating financial crime, they present challenges for exchanges like Bybit that seek to operate across multiple jurisdictions.
Despite these setbacks, Bybit remains a significant player in the crypto exchange market, ranking as the second-largest by trading volume, with over $5.5 billion traded recently. This position underscores the exchange's adaptability and continued relevance in the global crypto landscape, even as it navigates regulatory hurdles in key markets.
#Bybit #Market_Update #Bitcoin❗ #BTC☀
The Bank of International Settlements (BIS) and the Bank of England have unveiled a new initiative called Pyxtrial, designed to enhance the monitoring of stablecoins by providing near real-time data on their liabilities and the assets backing them. This project aims to address significant regulatory challenges faced by financial authorities in verifying the reserves claimed by stablecoin issuers.
Pyxtrial incorporates features that enable regulators to directly access data from issuers' systems, facilitating the verification of on-chain liabilities. This capability is essential in the wake of past controversies surrounding stablecoin reserves, particularly following the collapse of the FTX exchange in 2022. Many issuers have resorted to self-regulation, publishing "proof of reserves" to mitigate concerns about their backing.
Tether Ltd., the issuer of the largest stablecoin, regularly provides attestations regarding its reserves, although it acknowledges potential discrepancies in real-time data related to circulating tokens.
The modular and customizable design of Pyxtrial allows for adaptation to various regulatory environments worldwide, suggesting its potential applicability beyond stablecoins to other tokenized products backed by real-world assets. As a proof of concept, Pyxtrial has demonstrated its ability to support regulators in tracking liabilities and assets effectively, overcoming the limitations of traditional data collection methods.
While the initiative has shown promise, further testing and refinement are necessary before full deployment. Successful implementation will require skilled personnel to support system users and ensure effective interaction with both on-chain and off-chain data.
#Ftx❓ #usdoller #stableBTC #BTC☀
Pyxtrial incorporates features that enable regulators to directly access data from issuers' systems, facilitating the verification of on-chain liabilities. This capability is essential in the wake of past controversies surrounding stablecoin reserves, particularly following the collapse of the FTX exchange in 2022. Many issuers have resorted to self-regulation, publishing "proof of reserves" to mitigate concerns about their backing.
Tether Ltd., the issuer of the largest stablecoin, regularly provides attestations regarding its reserves, although it acknowledges potential discrepancies in real-time data related to circulating tokens.
The modular and customizable design of Pyxtrial allows for adaptation to various regulatory environments worldwide, suggesting its potential applicability beyond stablecoins to other tokenized products backed by real-world assets. As a proof of concept, Pyxtrial has demonstrated its ability to support regulators in tracking liabilities and assets effectively, overcoming the limitations of traditional data collection methods.
While the initiative has shown promise, further testing and refinement are necessary before full deployment. Successful implementation will require skilled personnel to support system users and ensure effective interaction with both on-chain and off-chain data.
#Ftx❓ #usdoller #stableBTC #BTC☀
In a recent New York Times article, economist Paul Krugman expressed strong opposition to the growing Republican support for Bitcoin, specifically targeting Donald Trump and his VP pick, JD Vance. Krugman characterized the enthusiasm for cryptocurrencies as indicative of a misguided alignment with “paranoid” Silicon Valley figures, arguing that Bitcoin remains “economically useless” despite being introduced 15 years ago.
Krugman highlighted that the primary utility of Bitcoin appears to be in facilitating illicit activities such as money laundering and extortion. He criticized Vance for his pro-crypto stance, noting that Vance disclosed ownership of Bitcoin valued between $100,000 and $250,000, which may have appreciated significantly. Vance is also reportedly drafting legislation aimed at creating a more favorable regulatory environment for the crypto industry.😡
Trump's recent comments at the Bitcoin 2024 conference, where he suggested that Bitcoin could surpass gold in value and proposed a "strategic Bitcoin stockpile," further fueled Krugman's skepticism. The economist views these statements as a potential government bailout for an industry he describes as “value-destroying” and environmentally harmful.
Krugman, rooted in Keynesian economics, advocates for active government spending and monetary policy management to stimulate economic growth. He dismissed the notion that cryptocurrencies serve as a hedge against inflation, instead labeling them as a “Ponzi scheme” that largely evades regulation.
In addition, Krugman ridiculed the Republican Party's claims to end what they describe as an "unlawful and un-American crypto crackdown," suggesting that such rhetoric resonates with only a minimal segment of the electorate. Meanwhile, Democrats are increasingly aware of their need to engage with the crypto community, recognizing its potential as a significant voting bloc in upcoming elections.
#BTC☀ #MtGoxJulyRepayments
Krugman highlighted that the primary utility of Bitcoin appears to be in facilitating illicit activities such as money laundering and extortion. He criticized Vance for his pro-crypto stance, noting that Vance disclosed ownership of Bitcoin valued between $100,000 and $250,000, which may have appreciated significantly. Vance is also reportedly drafting legislation aimed at creating a more favorable regulatory environment for the crypto industry.😡
Trump's recent comments at the Bitcoin 2024 conference, where he suggested that Bitcoin could surpass gold in value and proposed a "strategic Bitcoin stockpile," further fueled Krugman's skepticism. The economist views these statements as a potential government bailout for an industry he describes as “value-destroying” and environmentally harmful.
Krugman, rooted in Keynesian economics, advocates for active government spending and monetary policy management to stimulate economic growth. He dismissed the notion that cryptocurrencies serve as a hedge against inflation, instead labeling them as a “Ponzi scheme” that largely evades regulation.
In addition, Krugman ridiculed the Republican Party's claims to end what they describe as an "unlawful and un-American crypto crackdown," suggesting that such rhetoric resonates with only a minimal segment of the electorate. Meanwhile, Democrats are increasingly aware of their need to engage with the crypto community, recognizing its potential as a significant voting bloc in upcoming elections.
#BTC☀ #MtGoxJulyRepayments
Democratic Efforts to Secure Kamala Harris for Upcoming Crypto Conference
In a notable development within the cryptocurrency landscape, prominent Democratic donors are actively advocating for Vice President Kamala Harris to participate in the upcoming Permissionless conference, organized by Blockworks, scheduled for October 9-11. This initiative underscores a growing recognition of the political significance of cryptocurrency as the U.S. approaches the presidential election, which many view as a pivotal moment for the mainstream acceptance of digital assets.
Blockworks founder Jason Yanowitz revealed that the conference organizers are exploring avenues to engage with Harris's representatives, motivated by the support from influential Democratic donors. These donors have expressed a willingness to facilitate connections between Harris's team and the conference organizers, indicating a strategic effort to align the event with key political figures who can influence the future of cryptocurrency policy.
Notably, the involvement of Mike Novogratz, CEO of Galaxy Digital and a prominent figure in the Democratic party, adds another layer of complexity to these discussions. Novogratz has been vocal in encouraging the crypto community to maintain a positive relationship with Harris, though Yanowitz refrained from confirming whether Novogratz is directly negotiating her potential attendance.
The political dynamics surrounding cryptocurrency are further complicated by the contrasting approaches of different political figures. Former President Donald Trump's recent pro-crypto speech at the Bitcoin 2024 conference illustrates a significant shift in his stance, as he now advocates for a strategic Bitcoin stockpile and promises to take decisive actions against the current SEC leadership. This pivot reveals the increasing importance of cryptocurrency in political discourse, with both parties recognizing its potential impact on their platforms.
Blockworks is also actively pursuing a bipartisan approach for the Permissionless conference, aiming to feature a diverse array of speakers from both the Democratic and Republican parties. This strategy stands in contrast to the Republican-heavy focus observed at recent cryptocurrency events, such as Bitcoin 2024. Yanowitz emphasized the importance of presenting a balanced narrative, reflecting the multifaceted nature of cryptocurrency policy discussions.
However, the absence of Harris at previous events, particularly the recent Bitcoin conference, has drawn criticism from attendees and organizers. While some expressed disappointment at her lack of engagement, it is important to consider logistical constraints, particularly in light of the recent transition in presidential leadership. Experts suggest that adequate preparation and advance notice are essential for high-profile appearances, further complicating the timeline for her participation.
As Permissionless approaches, it is poised to become a significant gathering for the cryptocurrency community, with ticket sales surpassing expectations. This event may serve as a critical platform for shaping the conversation around cryptocurrency policies and the political landscape as the 2024 elections draw closer. The ongoing efforts to secure high-profile speakers, including Harris, signal the increasing recognition of cryptocurrency's relevance in U.S. politics and the need for informed dialogue across the political spectrum.
#bitcoin☀️ #Bitcoin❗ #CryptoNewss #BinanceTurns7 #Bitcoin_Coneference_2024
Blockworks founder Jason Yanowitz revealed that the conference organizers are exploring avenues to engage with Harris's representatives, motivated by the support from influential Democratic donors. These donors have expressed a willingness to facilitate connections between Harris's team and the conference organizers, indicating a strategic effort to align the event with key political figures who can influence the future of cryptocurrency policy.
Notably, the involvement of Mike Novogratz, CEO of Galaxy Digital and a prominent figure in the Democratic party, adds another layer of complexity to these discussions. Novogratz has been vocal in encouraging the crypto community to maintain a positive relationship with Harris, though Yanowitz refrained from confirming whether Novogratz is directly negotiating her potential attendance.
The political dynamics surrounding cryptocurrency are further complicated by the contrasting approaches of different political figures. Former President Donald Trump's recent pro-crypto speech at the Bitcoin 2024 conference illustrates a significant shift in his stance, as he now advocates for a strategic Bitcoin stockpile and promises to take decisive actions against the current SEC leadership. This pivot reveals the increasing importance of cryptocurrency in political discourse, with both parties recognizing its potential impact on their platforms.
Blockworks is also actively pursuing a bipartisan approach for the Permissionless conference, aiming to feature a diverse array of speakers from both the Democratic and Republican parties. This strategy stands in contrast to the Republican-heavy focus observed at recent cryptocurrency events, such as Bitcoin 2024. Yanowitz emphasized the importance of presenting a balanced narrative, reflecting the multifaceted nature of cryptocurrency policy discussions.
However, the absence of Harris at previous events, particularly the recent Bitcoin conference, has drawn criticism from attendees and organizers. While some expressed disappointment at her lack of engagement, it is important to consider logistical constraints, particularly in light of the recent transition in presidential leadership. Experts suggest that adequate preparation and advance notice are essential for high-profile appearances, further complicating the timeline for her participation.
As Permissionless approaches, it is poised to become a significant gathering for the cryptocurrency community, with ticket sales surpassing expectations. This event may serve as a critical platform for shaping the conversation around cryptocurrency policies and the political landscape as the 2024 elections draw closer. The ongoing efforts to secure high-profile speakers, including Harris, signal the increasing recognition of cryptocurrency's relevance in U.S. politics and the need for informed dialogue across the political spectrum.
#bitcoin☀️ #Bitcoin❗ #CryptoNewss #BinanceTurns7 #Bitcoin_Coneference_2024
From an analyst's perspective, the launch of Unbound's Bitcoin-based "Golden Visa" investment avenue is poised to have significant implications for the cryptocurrency market, particularly Bitcoin.
Firstly, the introduction of this investment vehicle provides a legitimate and regulated pathway for foreign investors to acquire Portuguese and EU citizenship through Bitcoin investments. This could enhance Bitcoin's status as a viable asset class, attracting a new demographic of investors who may have previously been hesitant to engage with cryptocurrencies due to regulatory uncertainties.
As the fund requires a minimum investment of €500,000, it is likely to drive demand for Bitcoin as investors seek to satisfy the fund’s criteria. The structured nature of the investment—where the fund will purchase Bitcoin ETFs rather than holding Bitcoin directly—may also contribute to increased institutional interest in Bitcoin, as it aligns with traditional investment frameworks that many institutional investors are accustomed to.
Moreover, the endorsement of a regulated fund structure, which includes independent audits and strict compliance with regulatory standards, adds a layer of credibility to Bitcoin investments. This could potentially mitigate some of the concerns surrounding security and volatility that have historically plagued the cryptocurrency market.
However, it is essential to consider the broader implications of regulatory scrutiny. The involvement of the Portuguese Securities Market Commission (CMVM) and the need for compliance with the Golden Visa program's eligibility requirements could set a precedent for how cryptocurrency investments are treated in similar programs across Europe. If successful, this could lead to the proliferation of similar investment structures, further embedding cryptocurrencies into the fabric of traditional finance.
#bitcoin☀️ #Bitcoin❗ #Bitcoin_Coneference_2024
Firstly, the introduction of this investment vehicle provides a legitimate and regulated pathway for foreign investors to acquire Portuguese and EU citizenship through Bitcoin investments. This could enhance Bitcoin's status as a viable asset class, attracting a new demographic of investors who may have previously been hesitant to engage with cryptocurrencies due to regulatory uncertainties.
As the fund requires a minimum investment of €500,000, it is likely to drive demand for Bitcoin as investors seek to satisfy the fund’s criteria. The structured nature of the investment—where the fund will purchase Bitcoin ETFs rather than holding Bitcoin directly—may also contribute to increased institutional interest in Bitcoin, as it aligns with traditional investment frameworks that many institutional investors are accustomed to.
Moreover, the endorsement of a regulated fund structure, which includes independent audits and strict compliance with regulatory standards, adds a layer of credibility to Bitcoin investments. This could potentially mitigate some of the concerns surrounding security and volatility that have historically plagued the cryptocurrency market.
However, it is essential to consider the broader implications of regulatory scrutiny. The involvement of the Portuguese Securities Market Commission (CMVM) and the need for compliance with the Golden Visa program's eligibility requirements could set a precedent for how cryptocurrency investments are treated in similar programs across Europe. If successful, this could lead to the proliferation of similar investment structures, further embedding cryptocurrencies into the fabric of traditional finance.
#bitcoin☀️ #Bitcoin❗ #Bitcoin_Coneference_2024
Celebrity Meme Coins Hit By Reality Check
The initial hype surrounding celebrity meme coins launched on the Solana blockchain in June has fizzled out, leading to a dramatic decline in their value. This analysis dives into the factors contributing to this collapse.
Short-Lived Hype: The initial surge in these coins was primarily driven by community excitement and celebrity endorsements. However, the lack of underlying utility or long-term vision quickly led to waning interest.
Celebrity Involvement Raises Questions: The significant drop in value coincides with some celebrities distancing themselves from promoting their associated coins on social media. This raises concerns about the genuineness of their endorsements and the potential for exploitation.
Data Paints a Bleak Picture: Analysis by Slorg, a Web3 strategist, reveals an average decline of 94% across a sample of 30 celebrity meme coins. Individual examples highlight the severity.
The dramatic downfall of celebrity meme coins serves as a cautionary tale for investors. Hype-driven, short-term speculation often leads to significant losses. Long-term sustainability requires genuine utility and robust fundamentals. The future of celebrity involvement in the crypto space remains uncertain, but stricter regulations and a focus on real-world applications are likely to become increasingly important.
ason Derulo's $JASON: Down 80% since its peak, despite the singer's attempt to rally support.Iggy Azalea's $MOTHER: Lost 72% of its value.Andrew Tate's $DADDY: Price dropped by 60%.
#meme_coin #mememcoin #Solana_Blockchain
The initial hype surrounding celebrity meme coins launched on the Solana blockchain in June has fizzled out, leading to a dramatic decline in their value. This analysis dives into the factors contributing to this collapse.
Short-Lived Hype: The initial surge in these coins was primarily driven by community excitement and celebrity endorsements. However, the lack of underlying utility or long-term vision quickly led to waning interest.
Celebrity Involvement Raises Questions: The significant drop in value coincides with some celebrities distancing themselves from promoting their associated coins on social media. This raises concerns about the genuineness of their endorsements and the potential for exploitation.
Data Paints a Bleak Picture: Analysis by Slorg, a Web3 strategist, reveals an average decline of 94% across a sample of 30 celebrity meme coins. Individual examples highlight the severity.
The dramatic downfall of celebrity meme coins serves as a cautionary tale for investors. Hype-driven, short-term speculation often leads to significant losses. Long-term sustainability requires genuine utility and robust fundamentals. The future of celebrity involvement in the crypto space remains uncertain, but stricter regulations and a focus on real-world applications are likely to become increasingly important.
ason Derulo's $JASON: Down 80% since its peak, despite the singer's attempt to rally support.Iggy Azalea's $MOTHER: Lost 72% of its value.Andrew Tate's $DADDY: Price dropped by 60%.
#meme_coin #mememcoin #Solana_Blockchain
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📈 Experts Identify Top Altcoins for 2024
As Bitcoin (BTC) recently witnessed an upward trend, focus has shifted towards altcoins. Cryptocurrency specialists have pinpointed three altcoins that may gain traction in the upcoming months. Analysts forecast that these altcoins could become the frontrunners in 2024.
🔸 How Will NOT and DOGE Perform?
Notcoin (NOT) experienced a remarkable surge of over 28% last month. Trading within a range of $0.0175 to $0.2, NOT displayed considerable volatility in the past week. Recent growth followed an announcement about notable user adoption and new incentives. The bullish momentum suggests that NOT might be entering an upward phase.
Should this trend persist, NOT could break the $0.019 resistance level, potentially pushing its value to $0.05 or even $0.1. However, if market sentiment turns sour, the value could find support around $0.018, with a prolonged decline possibly driving it down to $0.017, underscoring the cryptocurrency market’s volatility.
Meanwhile, Dogecoin (DOGE) has been in a horizontal trend, with bulls and bears wrestling for dominance. Despite occasional sharp movements, its price has remained within a narrow range. Last week, DOGE saw a decline of over 10%, indicating a bearish sentiment among investors.
🔸 What are Ripple’s Ambitious Goals?
For Ripple (XRP), trading above $0.5 during the American session on Monday marked a significant milestone. As per 21milyon.com, its value increased by 1.4% within an hour, maintaining a 1.8% rise over 24 hours. XRP had dipped below $0.5 on Friday but recovered above $0.49, signaling a rebound over the weekend.
Experts indicate that the 20-day Exponential Moving Average (EMA) could offer support at $0.5116, as XRP forms its second consecutive four-hour bullish candle. With the relative strength index at 51, compared to the previous week’s oversold region, XRP shows potential for an upward trend towards $0.6. If this breakout happens, XRP’s price could support a larger move towards $1, driven by FOMO (Fear of Missing Out).
$XRP $DOGE $NOT #XRP
As Bitcoin (BTC) recently witnessed an upward trend, focus has shifted towards altcoins. Cryptocurrency specialists have pinpointed three altcoins that may gain traction in the upcoming months. Analysts forecast that these altcoins could become the frontrunners in 2024.
🔸 How Will NOT and DOGE Perform?
Notcoin (NOT) experienced a remarkable surge of over 28% last month. Trading within a range of $0.0175 to $0.2, NOT displayed considerable volatility in the past week. Recent growth followed an announcement about notable user adoption and new incentives. The bullish momentum suggests that NOT might be entering an upward phase.
Should this trend persist, NOT could break the $0.019 resistance level, potentially pushing its value to $0.05 or even $0.1. However, if market sentiment turns sour, the value could find support around $0.018, with a prolonged decline possibly driving it down to $0.017, underscoring the cryptocurrency market’s volatility.
Meanwhile, Dogecoin (DOGE) has been in a horizontal trend, with bulls and bears wrestling for dominance. Despite occasional sharp movements, its price has remained within a narrow range. Last week, DOGE saw a decline of over 10%, indicating a bearish sentiment among investors.
🔸 What are Ripple’s Ambitious Goals?
For Ripple (XRP), trading above $0.5 during the American session on Monday marked a significant milestone. As per 21milyon.com, its value increased by 1.4% within an hour, maintaining a 1.8% rise over 24 hours. XRP had dipped below $0.5 on Friday but recovered above $0.49, signaling a rebound over the weekend.
Experts indicate that the 20-day Exponential Moving Average (EMA) could offer support at $0.5116, as XRP forms its second consecutive four-hour bullish candle. With the relative strength index at 51, compared to the previous week’s oversold region, XRP shows potential for an upward trend towards $0.6. If this breakout happens, XRP’s price could support a larger move towards $1, driven by FOMO (Fear of Missing Out).
$XRP $DOGE $NOT #XRP
With the recent growth of decentralized finance (De-Fi), there is a project that opens up new horizons: Unchain X is building a truly decentralized financial ecosystem where everyone can participate fairly. With sufficient capital and technology, Launchpad, which opens up opportunities for everyone without a specific pre-investment group, is analyzed as a crucial reason to be a leader in the De-Fi world.
Unchain X's Launchpad(UNX) creates a stable token ecosystem by providing early users with the opportunity to acquire UNX. This allows users to enjoy various benefits such as governance participation using UNX, compensation for transaction fees and liquidity provision. Specifically, Launchpad's STARTER OPTION feature is expected to provide users with more UNX mining opportunities, maximizing liquidity and returns.🚀
Unchain X supports a wide range of cryptocurrencies based on the BSC chain, allowing for free rate-setting and repetition of participation in each round. Unchain X, mined during Launchpad, has been shown to provide incremental liquidity to create value in the market, and with this strategic approach and transparent operational policy, Unchain X is positioning itself as a project with promising potential in the De-Fi market.
With the participation of the ecosystem of Unchain X's growing crypto market right now, it is expected that the Unchain X and De-Fi investment journey will become brighter and richer.👍
Unchain X's Launchpad(UNX) creates a stable token ecosystem by providing early users with the opportunity to acquire UNX. This allows users to enjoy various benefits such as governance participation using UNX, compensation for transaction fees and liquidity provision. Specifically, Launchpad's STARTER OPTION feature is expected to provide users with more UNX mining opportunities, maximizing liquidity and returns.🚀
Unchain X supports a wide range of cryptocurrencies based on the BSC chain, allowing for free rate-setting and repetition of participation in each round. Unchain X, mined during Launchpad, has been shown to provide incremental liquidity to create value in the market, and with this strategic approach and transparent operational policy, Unchain X is positioning itself as a project with promising potential in the De-Fi market.
With the participation of the ecosystem of Unchain X's growing crypto market right now, it is expected that the Unchain X and De-Fi investment journey will become brighter and richer.👍
Unchain X's Launchpad project appears to be a very exciting project to become a leader in DeFi. The launchpad provides early users with the opportunity to secure UNX tokens, and encourages the stable settlement of UNX through a special launchpad system.
It consists of a total of five rounds, and you can participate using various crypto assets (BTC, ETH, SOL, BNB, XRP, Dogecoin, USDT, and FDUSD). In addition, the STARTER OPTION feature allows you to adjust the amount of UNX mining according to the return rate setting, which gives participants more flexibility.
UNX mined during the launchpad period will be unlocked by 10% every 30 days after the official opening to ensure liquidity.
These features suggest that Unchain X will play an important role in the DeFi ecosystem.
#UNX #UNCHAINX #DEFI #DEX #LAUNCHPAD
It consists of a total of five rounds, and you can participate using various crypto assets (BTC, ETH, SOL, BNB, XRP, Dogecoin, USDT, and FDUSD). In addition, the STARTER OPTION feature allows you to adjust the amount of UNX mining according to the return rate setting, which gives participants more flexibility.
UNX mined during the launchpad period will be unlocked by 10% every 30 days after the official opening to ensure liquidity.
These features suggest that Unchain X will play an important role in the DeFi ecosystem.
#UNX #UNCHAINX #DEFI #DEX #LAUNCHPAD
