Oracle service provider Chainlink is once again seeing strong trading activity! The $LINK price has jumped a staggering 6.5% in the last 24 hours shooting all the way to $16, while the broader market continues to consolidate. Jumping to the 12th spot by market cap, LINK is now eyeing a spot among the top ten cryptocurrencies.

In a recent analysis, crypto market analysts provides insights into the potential trajectory of Chainlink, indicating a likelihood of a bullish breakout.

Key factors supporting this prediction include:

Liquidity Absorption: Chainlink has absorbed liquidity through a dip to the $12.20 level.
Resistance Testing: The cryptocurrency has undergone multiple tests of resistance, suggesting potential upward movement.
BTC and ETH Dynamics: The Bitcoin ($BTC) pair for Chainlink is showing signs of bottoming, while Ethereum ($ETH) is displaying increased activity.

suggestions say that considering these factors, $LINK could experience a positive breakout in the near future, with a projected price range of $25 to $30 in the coming months. Traders and investors are advised to monitor these developments for potential opportunities in the $LINK market.

What’s Next for LINK?
The price of LINK has exhibited a consistent upward trend, signaling increasing bullish momentum. Encouragingly, the Cross EMA 50/200 day indicates a high likelihood of a Golden Cross, pointing towards significant price action in the upcoming days.

The Moving Average Convergence Divergence (MACD) presents a continuous green histogram, indicating a prevailing bullish sentiment in the cryptocurrency market. Additionally, the moving averages depict a sustained upward trajectory, suggesting a continued rise in the LINK price in the days ahead.

If bulls successfully drive the price beyond the resistance level of $15.411, it would pave the way for Chainlink to test its upper resistance level at $16.477. Moreover, maintaining stability at this level could potentially position LINK to challenge its resistance level of $17.677 in the near future.

#Write2Earn #Chainlink

Terraform Labs said on Tuesday that its recent bankruptcy filing will enable it to pursue a "do-or-die" appeal in a securities fraud case brought by the U.S. Securities & Exchange Commission.

The blockchain company's statement, made in a bankruptcy court filing, refers to a ruling in December by a federal judge that found Terraform Labs and its founder Do Kwon violated U.S. law by failing to register two digital currencies whose collapse roiled cryptocurrency markets in 2022.

Trials will begin in March on the SEC's remaining fraud claims, but Terraform Labs said in the court filing that it likely could not afford to pay the yet-to-be-determined judgment or pursue an appeal.
"The exact size of a money judgment remains unknown, but it could very well outstrip the debtor's assets," Terraform's head of company operations Chris Amani wrote in a court filing.
The company has access to about $28 million in Bitcoin, $7 million of various other cryptocurrencies, and about $87 million in its own token, Luna, per its court filings.

Terraform Labs intends to argue on appeal that the SEC has no authority over the company because its cryptocurrency tokens are not "securities."

Such an appeal would normally require the company to post bond of 110% of the total judgment value before it can proceed. But a Chapter 11 bankruptcy may enable the company to appeal without posting a bond, according to Terraform Labs.

"Without the protection of chapter 11, the Debtor would likely have to liquidate after the trial," Amani wrote.

An SEC spokesman declined to comment Tuesday.

Terraform says it intends to continue developing tools and applications for the new Terra blockchain that it created in the wake of its 2022 collapse. The company is building its own products, like its crypto wallet "Station" and also encouraging third-party development of applications for its Terra blockchain.

Terraform was at the center of the so-called "crypto winter" of 2022, when collapsing asset prices bankrupted many other crypto companies.

#Write2Earn #lunc

Bitcoin Spot ETFs' Market Impact

Despite the significant development of cryptocurrencies in recent years and growing interest in the field, the scale of the cryptocurrency market remains relatively small compared to traditional finance. The approval of a Bitcoin spot ETF represents mainstream market acceptance and recognition, which is likely to further enhance Bitcoin's acceptance among investors.

The approval of a Bitcoin Spot ETF is expected to attract a larger influx of capital, increasing liquidity in the entire cryptocurrency market. It represents the significant exposure and popularization of Bitcoin, allowing more users to become acquainted with, understand, and participate in the cryptocurrency space.

More importantly, the approval of a Bitcoin Spot ETF signifies legal recognition of Bitcoin as a financial product by U.S. regulatory authorities, marking another milestone in the development of Bitcoin.

Although the SEC has yet to approve any Bitcoin Spot ETF applications, the entry of traditional large financial institutions like BlackRock indicates a shift in the landscape. These developments are pushing regulatory bodies to urgently refine regulatory frameworks. The eventual approval of a Bitcoin Spot ETF is just a matter of time.

Bitcoin Spot ETF Application Timeline
Bitcoin ETF applications.

In 2013, the Winklevoss brothers submitted an S-1 document to the SEC, formally indicating their intention to launch an ETF linked to Bitcoin. In 2018, they submitted another application, but both applications were rejected by the SEC.

In August 2018, the asset management company VanEck submitted a Bitcoin Spot ETF application, withdrew it in September and then resubmitted applications in March 2021 and June 2022, all of which were rejected by the SEC.

In April 2021, the asset management company Valkyrie Investments submitted a Bitcoin Spot ETF application, which was rejected by the SEC in December.

In May 2021, Fidelity submitted a Bitcoin Spot ETF application, which was rejected by the SEC in February 2022.

In June 2021, ARK Invest collaborated with the Swiss ETF provider 21Shares to submit an application for the ARK 21Shares Bitcoin ETF. This application was rejected by the SEC in April 2022. They submitted it again in May of the same year, but it was once more rejected in January 2023.

In July 2021, New York fund management company Global X submitted an application which was rejected by the SEC in March 2022.

In October 2021, Bitwise submitted its first Bitcoin Spot ETF application. It was rejected by the SEC in June 2022.

On October 19, 2021, the U.S. approved the first Bitcoin futures ETF.

Grayscale simultaneously applied to convert GBTC to a Bitcoin Spot ETF. The application was rejected by the SEC in June 2022, citing insufficient efforts by the company to prevent potential fraud. Grayscale took the SEC to court and won in August 2023.

In December 2021, WisdomTree submitted a Bitcoin Spot ETF application, which was rejected in October 2022.

In April 2023, ARK Invest and 21Shares submitted their third Bitcoin Spot ETF application.

In June 2023, BlackRock, Valkyrie submitted Bitcoin Spot ETF applications.

From July to August 2023, WisdomTree, VanEck, Fidelity/Wise Origin, Bitwise, Global X submitted applications to the SEC once again.

What is A Bitcoin Spot ETF?

In 2013 and 2018, the Winklevoss twins submitted Bitcoin Spot ETF applications twice, both of which were rejected by the SEC. As of 2023, an increasing number of financial institutions are joining the queue to apply for Bitcoin Spot ETFs.

Why is there a growing interest in applying for Bitcoin Spot ETFs, and why are Bitcoin Spot ETFs attracting so much attention? These are the questions this article will analyze and answer.

What is Bitcoin Spot ETF?

ETF stands for Exchange Traded Fund, which is a type of investment fund similar to stocks that can be traded on a securities exchange.

ETFs use a form of physical collateralization to securitize specific assets. Investors only need to purchase shares of the fund issued by the institution, allowing them to indirectly hold the corresponding exposure to the underlying investments.

A Bitcoin ETF refers to an exchange-traded fund that holds Bitcoin as its underlying asset. When users purchase a Bitcoin spot ETF, they are essentially buying Bitcoin, but in reality, they do not directly hold Bitcoin. As of now, there is still no actual Bitcoin spot ETF available.

Bitcoin Spot ETF Advantages

1. Regulatory Compliance: Bitcoin Spot ETFs are traded on traditional securities exchanges and are subject to regulatory oversight by relevant institutions. Regulated markets instill more confidence and provide assurance for investors.

2. Low Investment Threshold: There is no need to learn and master crypto specifics, like using digital wallets. Packaging Bitcoin ETFs as traditional financial product trading methods reduces entry barriers for investors.

3. Cost-Effective: Bitcoin Spot ETFs typically incur lower costs compared to directly buying BTC, making it attractive for cost-conscious investors.

4. Security: Users acquiring Bitcoin Spot ETFs do not actually hold physical Bitcoins. While earning profits from fluctuations in Bitcoin prices, they are free from the risk of loss or theft associated with digital wallets.

Vitalik Buterin shares updated 2024 roadmap for Ethereum

Vitalik Buterin, co-founder of Ethereum, has shared an updated 2024 roadmap for the blockchain, with “relatively few changes” from the 2023 version. 

co-founder Vitalik Buterin has shared an updated 2024 roadmap for the blockchain, outlining the core priorities for the ecosystem moving forward. 

These priorities include the Merge (a robust proof-of-stake consensus), the Surge (a goal of 100,000 transactions per second across Ethereum and its Layer 2 networks), the Scourge (mitigating risks around MEV and liquid pooling), the Verge (easier block verification), the Purge (simplifying the protocol), and the Splurge (everything else). 

Vitalik, in his thread on X, endorsed single-slot finality (SSF) as "the easiest path to resolving a lot of the Ethereum [Proof of Stake] design's current weaknesses" and praised the progress made on L2 networks and with Verkle tree implementations.

THE SCOOP

Vitalik also described how the Scourge priority has been re-oriented around fighting economic centralization in Ethereum in two key "theatres:" MEV and liquid stake pooling. The growth of Ethereum staking service Lido has raised concerns around economic centralization in Ethereum since the blockchain's transition to a proof-of-stake consensus. 

Aside from other small changes, the core priorities of the Ethereum ecosystem remain the same from last year's outline. Vitalik declined to estimate a timeline for the changes to the ecosystem, though the changes are ordered roughly according to priority. 
#ETH #BTC #BTCHALVING #SpotBitcoinETF #Launchpool $ETH $BTC $WBETH

Key Levels to Watch

While the short-term outlook for Solana looks strongly bullish, the ongoing consolidation in the largest cryptocurrency Bitcoin continues to keep an uncertain sentiment in the market. In case the SOL price breaks below the $100 mark, the coin holders can mark crucial support at the $84 and $72 mark which coincides with 38.2% and 50% FIB level respectively. Any correction below 50% would start to reflect weakness in buyers’ conviction.

Relative Strength: The daily RSI slope above 60% projects the market sentiment to be bullish.

Bollinger Band: Over the past two months, the Bollinger Band indicator has offered dynamic support to SOL price.

#BTC #SolanaTrade #BULLRUNN
$SOL

Solana Price Prediction: Should You Enter $SOL at $100 Dip?

Solana Price Prediction: The SOL price witnessed increased demand pressure at $100 support, bolstering buyers for the next leap

Solana Price Prediction: The fifth largest cryptocurrency Solana has recently reverted from the near-yearly high of $126.36 to trigger a new correction. In the last three days, the coin price plunged 21.6% to revisit the psychological level of $100 aligned closely with the 23.6% Fibonacci retracement level. Will this support replenish the exhausted bullish momentum?

Healthy Retracement Prepares SOL for the Next Leap
A bullish engulfing candle at strong support of $100 hints at a potential price reversal.
An uptick in the upper boundary of Bollinger band indicators hints that buyers continue to dominate this asset.
The 24-hour trading volume on the Solana coin is $4.49 Billion, indicating a 1% loss.

In the last four months, the SOL price has shown a remarkable recovery, where the price surged from a September mid-low of $17.3 to a new high of $126.2, registering a 626% growth. With a market cap of $46 Billion, Solana(SOL) is positioned as the 5th largest cryptocurrency.

A potential bounce back from this support would surge the SOL price 16.6% up to rechallenge the swing high resistance($126.36). A breakout above this level would give better confirmation of uptrend resumption and push the price to potential targets of $143, followed by $177.

Check out Key Levels to Watch in my next post.

$SOL #solana #sol #BullRunAdvice

#BinanceConvert ADDS NFP

Fellow Binancians,

Binance is excited to announce that NFP has been added to Binance Convert.

Users can now trade NFP against BTC, USDT and any other tokens supported by Binance Convert at zero fees.

How to Get Started:

Visit Binance on the website, click “Trade”, and select “Binance Convert” from the pop-up menu. If you are on mobile, simply open your Binance App, tap “Trade”, and then select “Convert” from the top menu.

Notes:

From 2023-12-29 at 00:00 (UTC), users may purchase NFP using any of the payment options supported on Binance Auto-Invest.

Thank you for your support!

#Owonikoko1
$NFP

#BTC

No matter what is coming ETF etc. I will wait for the QMS in jan before opening Big Positions again. If BTC breaks below 40k in jan then i am ready for Correction wave or break above the highs i'll look for longs.

First 2 weeks of jan will provide the clarity about the quarterly Market structure shift.

I.e whether BTC is going towards 30K or 50k.

please tip your creator if this content was helpful 😜

#BinanceSquare #BTC!💰 #etf
$ETH $BTC $SOL

$TRX To Revolutionize Crypto Payments In Emerging Markets:

TRON DAO is fast emerging as a flag-bearer in the crypto payments landscape, as virtual assets make headway in breaking into emerging economies. These are the findings of the Messari Report: Crypto Theses for 2024. The report underscores that an increasing number of people in developing countries are shifting to USDT on TRON DAO to leverage its store of value and payment functionalities.

According to the Messari report, nearly 40% of USDT demand is driven by its use as a stable store of value and reliable payment method, especially in developing economies. This signals a pivot towards more equitable payment opportunities and stability.

The report also highlights that TRON DAO is at the forefront of this global shift towards digital payment adoption, thanks to its strong structure and easier accessibility. As of December 29, 2023, the platform has surpassed 6 billion transactions and boasts a 200-million-strong user base.

Dave Uhryniak, Ecosystem Lead of TRON DAO, said blockchain technology will play a significant role in shaping the future, emphasizing the commitment of TRON DAO contributors to creating a more inclusive and efficient global system. His remarks align with the protocol’s broader vision to make digital assets, such as USDT, an empowerment and payment inclusion vehicle.

Furthermore, the Messari report revealed how several users are switching from traditional stablecoins like USDC to USDT on TRON DAO. The shift can be attributed to the protocol’s efficiency, lower costs, and faster transaction speeds.

Similar to Bitcoin, Ethereum, and Litecoin, TRON is a permission-less blockchain protocol. In December 2021, the platform adopted a decentralized autonomous organization (DAO) model, CoinGape reported. Last November, it gave itself an ‘apolitical’ tag, claiming to have been following all regulatory frameworks and government procedures.

#BTC #TRX/USDT #Launchpool #TippingSupport #Tipsupport

$BONK Price Shoots 20%, Traders Are Preparing For Another Mega-Rally
After a strong selling pressure in BONK price, buyers have turned active once again hinting at a potential trend reversal.
#BTC #Launchpool #ETH #etf #MemeCoinAnalysis $BONK #HALVING #CZ

Fellow Binancians,

Binance is excited to announce the 42nd project on Binance Launchpool - Sleepless AI (AI), a Web3+AI gaming platform. The webpage is estimated to be available in 24 hours, before the Launchpool starts. 

Users will be able to stake their BNB, FDUSD and TUSD into separate pools to farm AI tokens over seven days, with farming starting from 2023-12-28 00:00 (UTC).

Listing

Binance will then list Sleepless AI (AI) at 2024-01-04 10:00 (UTC), and open trading with the AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD and AI/TRY trading pairs. The Seed Tag will be applied to AI.

AI Launchpool Details:

Token Name: Sleepless AI (AI)

Total Token Supply: 1,000,000,000 AI 

Launchpool Token Rewards: 70,000,000 AI (7% of total token supply)

Initial Circulating Supply: 130,000,000 AI (13% of the total token supply)

Smart Contract Details: AI Token (AI)

Staking Terms: KYC required 

Hourly Hard Cap per User: 

33,333.33 AI in BNB pool

4,166.66 AI in FDUSD pool

4,166.66 AI in TUSD pool

Supported Pools: 

Stake BNB (webpage will be available in around 24 hours): 56,000,000 AI in rewards (80%) 

Stake FDUSD (webpage will be available in around 24 hours): 7,000,000 AI in rewards (10%)

Stake TUSD (webpage will be available in around 24 hours): 7,000,000 AI in rewards (10%)

Farming Period: 2023-12-28 00:00 (UTC) to 2024-01-03 23:59 (UTC).