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For you Following Trending RichBeak News [EN] @richbeaknewss Follow  Solana Labs debuts on Bond's customer loyalty blockchain platform Solana Labs, the company behind the Solana Level 1 blockchain, may soon be bringing many more native, non-cryptocurrency brands and their customers to Web3 without many of them even realizing it. As of June 12, the firm officially launched Bond, its new blockchain-based customer engagement platform aimed at helping brands "achieve long-term loyalty." Solana Labs says the new platform will address "critical limitations" in today's loyalty programs, namely the loss of connection with the end customer if a product is ever resold or gifted. While Bond is blockchain-based, it differs from some of the firm's other recent launches, such as Solana Mobile - it doesn't prioritize cryptocurrency. Solana Labs described it as "a seamless user experience where customers won't even realize it's Web3." Solana promises that brands will also not be required to have any experience with blockchain, as the service will be available through a single app programmatic interface. Blockchain allows brands to create collectible "digital twins" and limited-edition digital products that are combined with their actual products, which Solana says can "drive repeat interactions and increase overall value for customers." Digital product identification can also allow customers to verify the authenticity of a product, while brands can also track their products, even if they end up being resold or do #Write2Earn! #writetoearn solana $SOL
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Solana Labs debuts on Bond's customer loyalty blockchain platform Solana Labs, the company behind the Solana Level 1 blockchain, may soon be bringing many more native, non-cryptocurrency brands and their customers to Web3 without many of them even realizing it. As of June 12, the firm officially launched Bond, its new blockchain-based customer engagement platform aimed at helping brands "achieve long-term loyalty." Solana Labs says the new platform will address "critical limitations" in today's loyalty programs, namely the loss of connection with the end customer if a product is ever resold or gifted. While Bond is blockchain-based, it differs from some of the firm's other recent launches, such as Solana Mobile - it doesn't prioritize cryptocurrency. Solana Labs described it as "a seamless user experience where customers won't even realize it's Web3." Solana promises that brands will also not be required to have any experience with blockchain, as the service will be available through a single app programmatic interface. Blockchain allows brands to create collectible "digital twins" and limited-edition digital products that are combined with their actual products, which Solana says can "drive repeat interactions and increase overall value for customers." Digital product identification can also allow customers to verify the authenticity of a product, while brands can also track their products, even if they end up being resold or do

#Write2Earn! #writetoearn solana $SOL
[Win up to 10000 bnb](https://s.binance.com/8GpZ7vhu) #earntowrite The thrill of earning to write on Binance! As a writer, I've always dreamed of earning a living from my passion. And what's more exciting than writing about the world of cryptocurrencies and blockchain? With Binance, I can monetize my writing skills and share my expertise with the world. The platform offers a unique opportunity to earn BNB tokens, which can be converted into fiat currency or other cryptocurrencies. This means I can earn a steady income while doing what I love – writing about the latest trends and developments in the crypto space. I'm excited to share my knowledge and insights with the Binance community, and to learn from others who are passionate about crypto and blockchain. The platform's vast user base provides a huge opportunity for exposure and growth. As I write, I'll be keeping an eye on market trends and analyzing the latest news and developments. My articles will be informative, engaging, and easy to understand, making it accessible to readers of all levels. My goal is to become a top writer on the platform, earning a steady income while sharing my expertise with the world. Who knows, maybe one day I'll be able to quit my day job and focus on writing full-time! With Binance, the possibilities are endless, and I'm excited to see where this journey takes me!
Win up to 10000 bnb #earntowrite The thrill of earning to write on Binance!
As a writer, I've always dreamed of earning a living from my passion. And what's more exciting than writing about the world of cryptocurrencies and blockchain? With Binance, I can monetize my writing skills and share my expertise with the world.
The platform offers a unique opportunity to earn BNB tokens, which can be converted into fiat currency or other cryptocurrencies. This means I can earn a steady income while doing what I love – writing about the latest trends and developments in the crypto space.
I'm excited to share my knowledge and insights with the Binance community, and to learn from others who are passionate about crypto and blockchain. The platform's vast user base provides a huge opportunity for exposure and growth.
As I write, I'll be keeping an eye on market trends and analyzing the latest news and developments. My articles will be informative, engaging, and easy to understand, making it accessible to readers of all levels.
My goal is to become a top writer on the platform, earning a steady income while sharing my expertise with the world. Who knows, maybe one day I'll be able to quit my day job and focus on writing full-time!
With Binance, the possibilities are endless, and I'm excited to see where this journey takes me!
The Rise of Cryptocurrencies: A New Era in Finance Cryptocurrencies have revolutionized the way we think about money and finance. Born from the internet, these digital currencies use advanced cryptography to secure and verify transactions, making them virtually untraceable and secure. The first and most well-known cryptocurrency is Bitcoin, created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Since then, hundreds of other cryptocurrencies have emerged, each with its own unique features and uses. One of the key benefits of cryptocurrencies is their decentralized nature, meaning they are not controlled by any government or institution. This has led to a new era of financial freedom, where individuals can buy, sell, and trade currencies without the need for intermediaries. Additionally, cryptocurrencies are often faster and cheaper than traditional payment methods, making them attractive for international transactions. However, the use of cryptocurrencies also comes with risks, such as volatility and security concerns. Despite these challenges, the popularity of cryptocurrencies continues to grow, with more and more people investing in and using them. As the market continues to evolve, it's likely that we'll see even more innovative applications of cryptocurrency technology in the future.
The Rise of Cryptocurrencies: A New Era in Finance
Cryptocurrencies have revolutionized the way we think about money and finance. Born from the internet, these digital currencies use advanced cryptography to secure and verify transactions, making them virtually untraceable and secure. The first and most well-known cryptocurrency is Bitcoin, created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Since then, hundreds of other cryptocurrencies have emerged, each with its own unique features and uses.
One of the key benefits of cryptocurrencies is their decentralized nature, meaning they are not controlled by any government or institution. This has led to a new era of financial freedom, where individuals can buy, sell, and trade currencies without the need for intermediaries. Additionally, cryptocurrencies are often faster and cheaper than traditional payment methods, making them attractive for international transactions.
However, the use of cryptocurrencies also comes with risks, such as volatility and security concerns. Despite these challenges, the popularity of cryptocurrencies continues to grow, with more and more people investing in and using them. As the market continues to evolve, it's likely that we'll see even more innovative applications of cryptocurrency technology in the future.
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Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop to $65K?
The post Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop To $65K? appeared first on Coinpedia Fintech News

Following the massive overnight recovery of 7.73%, Bitcoin price reveals exhaustion in buyers to sustain the trend. The BTC price took a 1.7% dip last night and is starting the Asian trading hours on a bearish tone. 

Trading under the $70K levels, the buyers are taking the heat from overhead supply as the bull trap reveals itself. Will the short-correction start a bearish avalanche to slide the BTC price under the $65K mark? Or is it just a retest before a massive surge to a new all-time high?

Let’s look at our detailed price analysis for a clearer view of the BTC price trend. Further, you can check out our Bitcoin price prediction to find out the chances of Bitcoin hitting the $100,000 milestone this year.

BTC Price Performance

Almost reaching an all-time high, the BTC price fails to sustain the rally above $71K, resulting in a turnaround within 24 hours. Bitcoin takes a dip of 1.77% and retests the 23.60% Fibonacci level at $68,823 with a lower price rejection. 

Tradingview

The lower price rejection bolsters the bullish point of view, and the post-retest reversal to continue the prevailing trend. Further, the bullish breakout of the flag pattern teases a jump beyond the all-time high at $73,794.

However, on closer inspection, the $71,400 level is now rejecting the bullish attempt for the third time. Hence, a high supply zone is visible and warns of a bearish turnaround. 

Currently, the BTC price trades at $69,758 with an intraday drop of 0.54%. This reflects a bearish continuation and pressures the $68,823 support. 

Bitcoin ETFs Mark 7D Positive Streak

On May 21, Bitcoin spot ETFs saw a significant inflow of $306 million, continuing a trend of seven consecutive days of net inflow. Grayscale’s GBTC had no net outflow for the day, while BlackRock’s IBIT saw a substantial single-day inflow of $290 million. 

Sosovalue

Overall, the total net asset value of Bitcoin spot ETFs reached $58.910 billion. This consistent inflow indicates strong investor confidence and interest in Bitcoin through these ETFs.

Bullish Funding Rates Ignore The Trap

Over the last 7 days, the Open Interest of Bitcoin has surged by 15.5% to reach $16.76 billion, indicating increased market liquidity and volatility. On the other side, the funding rate at 0.00803132 signifies that the long traders are dominant, supporting the bullish viewpoint. Hence, the derivatives data suggest an overall stronger bullish side for the BTC price trend.

On-Chain Reveals Investors’ Confidence

Bitcoin’s transfer volume has increased by 106.44% to hit 924,412.09 over the past 7 days, reflecting a boom in transaction activity. In support, the Binary CDD value of 0.28571428 indicates that long-term holders refuse to book profits, reflecting a strong underlying confidence in Bitcoin. Thus, the data supports a bullish outlook, with a potential BTC price surge coming soon.

Will The BTC Price Sustain Above $68K?

Despite the bullish reversal from the $71K levels and the breakdown of $70K, the overall sentiment for Bitcoin remains bullish. As the talks of the Ethereum ETF fill up the market, the BTC price is expected to continue the uptrend, with growing attention on the crypto world. 

Moreover, the retest story might soon play out to prolong the upside rally in Bitcoin and break past the $74K mark. In such a case, the next stop this month could be $79K.

However, a reversal crashing under the $68K level might retest the $65K zone. 
The Rise of Cryptocurrencies: A New Era in Finance Cryptocurrencies have revolutionized the way we think about money and finance. Born from the internet, these digital currencies use advanced cryptography to secure and verify transactions, making them virtually untraceable and secure. The first and most well-known cryptocurrency is Bitcoin, created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Since then, hundreds of other cryptocurrencies have emerged, each with its own unique features and uses. One of the key benefits of cryptocurrencies is their decentralized nature, meaning they are not controlled by any government or institution. This has led to a new era of financial freedom, where individuals can buy, sell, and trade currencies without the need for intermediaries. Additionally, cryptocurrencies are often faster and cheaper than traditional payment methods, making them attractive for international transactions. However, the use of cryptocurrencies also comes with risks, such as volatility and security concerns. Despite these challenges, the popularity of cryptocurrencies continues to grow, with more and more people investing in and using them. As the market continues to evolve, it's likely that we'll see even more innovative applications of cryptocurrency technology in the future.
The Rise of Cryptocurrencies: A New Era in Finance
Cryptocurrencies have revolutionized the way we think about money and finance. Born from the internet, these digital currencies use advanced cryptography to secure and verify transactions, making them virtually untraceable and secure. The first and most well-known cryptocurrency is Bitcoin, created in 2009 by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Since then, hundreds of other cryptocurrencies have emerged, each with its own unique features and uses.
One of the key benefits of cryptocurrencies is their decentralized nature, meaning they are not controlled by any government or institution. This has led to a new era of financial freedom, where individuals can buy, sell, and trade currencies without the need for intermediaries. Additionally, cryptocurrencies are often faster and cheaper than traditional payment methods, making them attractive for international transactions.
However, the use of cryptocurrencies also comes with risks, such as volatility and security concerns. Despite these challenges, the popularity of cryptocurrencies continues to grow, with more and more people investing in and using them. As the market continues to evolve, it's likely that we'll see even more innovative applications of cryptocurrency technology in the future.
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Coinpedia
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Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop to $65K?
The post Bitcoin Below $70K Reveals Bull Trap, Will BTC Price Drop To $65K? appeared first on Coinpedia Fintech News

Following the massive overnight recovery of 7.73%, Bitcoin price reveals exhaustion in buyers to sustain the trend. The BTC price took a 1.7% dip last night and is starting the Asian trading hours on a bearish tone. 

Trading under the $70K levels, the buyers are taking the heat from overhead supply as the bull trap reveals itself. Will the short-correction start a bearish avalanche to slide the BTC price under the $65K mark? Or is it just a retest before a massive surge to a new all-time high?

Let’s look at our detailed price analysis for a clearer view of the BTC price trend. Further, you can check out our Bitcoin price prediction to find out the chances of Bitcoin hitting the $100,000 milestone this year.

BTC Price Performance

Almost reaching an all-time high, the BTC price fails to sustain the rally above $71K, resulting in a turnaround within 24 hours. Bitcoin takes a dip of 1.77% and retests the 23.60% Fibonacci level at $68,823 with a lower price rejection. 

Tradingview

The lower price rejection bolsters the bullish point of view, and the post-retest reversal to continue the prevailing trend. Further, the bullish breakout of the flag pattern teases a jump beyond the all-time high at $73,794.

However, on closer inspection, the $71,400 level is now rejecting the bullish attempt for the third time. Hence, a high supply zone is visible and warns of a bearish turnaround. 

Currently, the BTC price trades at $69,758 with an intraday drop of 0.54%. This reflects a bearish continuation and pressures the $68,823 support. 

Bitcoin ETFs Mark 7D Positive Streak

On May 21, Bitcoin spot ETFs saw a significant inflow of $306 million, continuing a trend of seven consecutive days of net inflow. Grayscale’s GBTC had no net outflow for the day, while BlackRock’s IBIT saw a substantial single-day inflow of $290 million. 

Sosovalue

Overall, the total net asset value of Bitcoin spot ETFs reached $58.910 billion. This consistent inflow indicates strong investor confidence and interest in Bitcoin through these ETFs.

Bullish Funding Rates Ignore The Trap

Over the last 7 days, the Open Interest of Bitcoin has surged by 15.5% to reach $16.76 billion, indicating increased market liquidity and volatility. On the other side, the funding rate at 0.00803132 signifies that the long traders are dominant, supporting the bullish viewpoint. Hence, the derivatives data suggest an overall stronger bullish side for the BTC price trend.

On-Chain Reveals Investors’ Confidence

Bitcoin’s transfer volume has increased by 106.44% to hit 924,412.09 over the past 7 days, reflecting a boom in transaction activity. In support, the Binary CDD value of 0.28571428 indicates that long-term holders refuse to book profits, reflecting a strong underlying confidence in Bitcoin. Thus, the data supports a bullish outlook, with a potential BTC price surge coming soon.

Will The BTC Price Sustain Above $68K?

Despite the bullish reversal from the $71K levels and the breakdown of $70K, the overall sentiment for Bitcoin remains bullish. As the talks of the Ethereum ETF fill up the market, the BTC price is expected to continue the uptrend, with growing attention on the crypto world. 

Moreover, the retest story might soon play out to prolong the upside rally in Bitcoin and break past the $74K mark. In such a case, the next stop this month could be $79K.

However, a reversal crashing under the $68K level might retest the $65K zone. 
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Unlock a reward by opening a link

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PEPE Coin is currently experiencing a surge in popularity. However, the vast number of PEPE Coins in circulation makes it challenging to balance supply and demand, preventing the price from reaching $1, a feat that is almost impossible under current circumstances. For a cryptocurrency to increase in value, a limited supply is crucial, which PEPE Coin lacks. Additionally, the intense competition in the cryptocurrency market means projects like PEPE Coin generally do not attract significant attention from large investors. These investors typically prefer stable and promising coins, while meme coins often fall outside this category.

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The cryptocurrency market is also known for its high volatility. While meme coins can quickly gain popularity on social media, this trend is usually short-lived. For a cryptocurrency to sustain long-term value, it needs to have multiple use cases. In contrast, PEPE Coin relies heavily on speculation, hindering its ability to achieve a lasting increase in price.

Therefore, caution is advised when investing in PEPE Coin. Although it shows promise, it also carries significant risks.

*Disclaimer: This is not financial advice. Please conduct thorough research and stay informed.*

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#ETFvsBTC: Win up to 500 FDUSD by sharing your insights!
Step into the #ETFvsBTC campaign and you could win up to 500 FDUSD! 🚀 Share your insights into the comparison between Bitcoin ETFs and direct Bitcoin purchases. Evaluate the pros and cons of each option, and provide valuable insights that could help guide new users!

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Dresniswrite
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