$SOL /USDT Analysis
Current Price: $135.50
Resistance: $147.27
Support: $115.65
Analysis:
The chart indicates that SOL/USDT has been in a downtrend, with the price recently breaking below the previous support level near $140. The current price is hovering around $135.50, with a significant risk of further downside if the bearish momentum continues.
Breakout Scenarios:
Bullish Breakout: If SOL/USDT manages to reclaim and break above the $140 level with strong volume, it could attempt to test the resistance at $147.27. A successful break above this level might signal a reversal or at least a short-term relief rally.
Bearish Breakdown: If SOL/USDT continues to slide and breaks below the current support zone around $135.50, the next key support to watch is at $115.65. A breakdown below this level could lead to further declines, potentially extending the bearish trend.
Strategy:
Traders should be cautious given the current bearish sentiment. For those considering long trades, itâs advisable to wait for a clear breakout above $140 with strong volume confirmation. Conversely, short trades might be considered if SOL/USDT breaks below $135.50, with the next target around $115.65. As always, using stop-loss orders to manage risk is crucial in this volatile environment.
Conclusion:
SOL/USDT is showing weakness, with the potential for further declines if it fails to hold the current support levels. Traders should closely monitor key levels for any signs of a breakout or further breakdown to make informed trading decisions.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #LowestCPI2021
{future}(SOLUSDT)
đ **Crypto News Flash: ETFSwap (ETFS) Set to Dominate 2024!** đ
- **ETFSwap (ETFS)** is emerging as the top Ethereum-based crypto asset for 2024, offering tokenized ETFs and real-world assets. This platform promises reduced trading fees, permissionless transactions, and 24/7 global access.
- **Polygon (MATIC)** is upgrading to POL, enhancing utility and eliminating Ethereum gas fees. This shift aims to streamline staking and transactions on the Polygon network.
- **Fantom (FTM)** ventures into the meme coin sector, allocating $6.5M to foster safer meme coin projects.
Which token excites you the most? Share your thoughts in the comments! đ
Stablecoin Inflows Hit All-Time Low Amid Bitcoin Price Drop
Recent data indicates that the amount of stablecoins entering exchanges is nearing all-time low levels. Historically, significant declines in Bitcoin's price have prompted investors to transfer large amounts of stablecoins to exchange wallets, driving up Bitcoin's price through rapid purchases. Despite Bitcoin currently being valued at $59,000 after a notable drop, stablecoin inflows remain subdued. This suggests that investors may not yet be convinced that the market downturn is over. However, the long-term outlook for the crypto market remains optimistic, with potential for recovery as confidence returns.
$ETH /USDT Analysis
Current Price: $2,497.74
Resistance: $2,800
Support: $2,220 (TP2)
Analysis:
The chart displays ETH/USDT facing resistance at around $2,800, with the price currently trading below this level. The recent drop indicates a bearish trend, and ETH is now testing the $2,497 support zone. A breakdown from this level could lead to further declines.
Breakout Scenarios:
Bullish Breakout: If ETH/USDT manages to break above the $2,600 level with strong volume, the next immediate target would be the previous resistance at $2,800. A move beyond this level could indicate a potential reversal of the current downtrend.
Bearish Breakdown: On the other hand, if ETH/USDT fails to hold the $2,497 support level and breaks below it, we could see a drop toward TP1, which is around $2,300. A further breakdown below this level could push ETH down to TP2 at $2,220, which is a key support level.
Strategy:
Traders should watch for confirmation of a breakout above $2,600 or a breakdown below $2,497. For long trades, consider entering if the price breaks above $2,600 with strong momentum. For short trades, a breakdown below $2,497 with high volume could present a good entry point, with targets at $2,300 (TP1) and $2,220 (TP2). As always, implement stop-loss orders to manage risk effectively.
Conclusion:
ETH/USDT is currently in a downward trend, with key levels identified for potential breakouts or breakdowns. Traders should stay vigilant for significant moves that could dictate the next direction for Ethereum.
#TON #LowestCPI2021 #DOGSONBINANCE #TelegramCEO #PowellAtJacksonHole
{future}(ETHUSDT)
đ 2 cryptocurrencies to reach a $5 billion market cap in September
August was a challenging month for cryptocurrency investors who experienced portfolio losses in an unfavorable overall market performance. With September arriving, Finbold looked into solid cryptocurrencies that could bounce up and reach a $5 billion market cap.
Market capitalization is a popular benchmark for accessing an assetâs nominal value, multiplying the price by its circulating supply. It is particularly important in the cryptocurrency landscape, considering each crypto can have an arbitrary supply and tokenomics.
đž Litecoin (#LTC ) to retake the $5 billion market cap
First, Litecoin (LTC) is the closest cryptocurrency to the $5 billion mark, currently with a $4.90 billion market cap. LTC now trades at $65.95 per coin, having traded as low as $61.75 in the last seven days.
With a circulating supply of 74.90 million LTC, the most popular Bitcoin (BTC) fork must trade at $66.75 to reach $5 billion capitalization â an easy 1.21% upward movement.
Notably, Litecoin benefits from lower transaction fees and confirmation time than Bitcoin. It has one of the strongest network effects in the cryptocurrency industry and is highly supported by many service providers.
This increasing demand can fuel Litecoinâs positive performance, not only in September but also during an upcoming bull market.
đž Near Protocolâs (#NEAR ) promising September
Second, Near Protocol (NEAR) follows Litecoin in the 24th position by market cap, with a $4.6 billion nominal value. Its native token, NEAR, trades at $4.13 with a 1.1 billion circulating supply and continuous supply inflation.
NEAR traded as high as $4.25 and as low as $3.95 in the last seven days. Essentially, it needs to trade above $4.54 to reach the $5 billion capitalization target.
The Near Protocol offers a highly scalable layer-one network for smart contracts and decentralized applications. Its focus is currently on decentralized artificial intelligence (AI) and chain abstraction, which makes it easier to use the protocol.
Expert Predicts Timeline for Shiba Inu to Hit New ATH of $0.00023
The Upcoming Bull Run
Shiba Accumulation Phase
The chart points out an âaccumulation zone,â a phase where the price of Shiba Inu could move sideways after a downtrend. During this period, the market stabilizes, and trading volume typically decreases as fewer market participants are willing to sell at lower prices.
This phase followed a massive price spike from late February to early March, which saw SHIB hit $0.000045. Notably, the correction phase features falling prices and can be alarming to some investors. However, according to Santana, this is a normal part of the market cycle and often leads to a period of consolidation.
For this upcoming bull run, Santana expects a rally that could take Shiba
According to the chart, Santana suggests that the upcoming bull market could propel Shiba Inu to a potential ATH of $0.00023179, a staggering 17.5x increase from its current price. He estimates this could happen by 2025, assuming market conditions remain favorable.
The Perfect Shiba Trading Strategy
Santana went on to discuss the psychology of trading. He warned against trading based on excitement or emotional reactions. Instead, he advised investors to approach the market with a calm and strategic mindset.
The analyst pointed out that emotional trading, often driven by fear of missing out (FOMO), can lead to poor decision-making. This could involve buying at high prices or selling prematurely during market dips.
Santana recommended a buy-and-hold strategy for those looking to capitalize on Shiba Inuâs potential growth. He advised buying during the current accumulation phase and holding onto the investment until the bull market fully materializes.
According to him, the bull market for altcoins like Shiba Inu can last several months, providing ample opportunity for investors to plan their exits and maximize profits. Meanwhile, at press time, SHIB trades for $0.00001397, up 0.21% over the past 24 hours.
#shiba⥠#CryptoMarketMoves #TelegramCEO #DOGSONBINANCE
#BTCâ
$ORDER Definition: The intrinsic value of an order token in a DeFi context typically refers to the inherent worth of a token associated with an order on a decentralized exchange or a trading protocol. This value can be influenced by various factors, including the underlying asset's value, the utility of the token within the ecosystem, and the order's potential profitability
.Application: In some DEXs or DeFi protocols, order tokens might represent a claim on a specific trade or transaction. The intrinsic value of such a token could be derived from the expected outcome of the trade it represents.
Factors Influencing Intrinsic Value:Underlying Asset Value: If the order token is tied to a particular asset, its value will be directly influenced by the asset's market price.Utility: The tokenâs utility within the protocol, such as governance rights, fee discounts, or staking rewards, can add to its intrinsic value.Market Demand: The demand for the asset or the specific trade could influence the token's price beyond its face value.Challenges: Determining the intrinsic value of an order token can be complex and might involve evaluating the probability of the order being executed at favorable terms, the volatility of the underlying assets, and other market conditions.
$ORDER
#BinanceBlockchainWeek
Comparison often causes one of the most harmful emotionsâenvy. Unlike anger, which can sometimes make us act and change things, envy doesnât help us in any useful way. It mostly makes us unhappy with our lives and leads to self-pity, slowing down our growth and keeping us from enjoying our achievements.
Instead of wasting energy on comparisons, itâs better to focus on your own goals, situation, and successes, accepting the uniqueness of your life and journey.
Follow your own steps and stop compare yourself with other in most cases paper traders #motivation
In 2024, with all the buzz about meme coins and AI, the number of crypto billionaires will have surpassed 172,000
In a recent tweet on X, ETF specialist Nate Geraci reveals facts on the amount of crypto millionaires.
According to research from Barron's, the number of crypto millionaires quadrupled in 2024, reaching 172,300.
According to the Crypto Wealth Report 2024, the number of Bitcoin billionaires has more than quadrupled this year.
The number of crypto and Bitcoin millionaires has increased since last year, according to Crypto Wealth Report 2024. In response to the data, ETF Store's Nate Geraci offered some commentary. As of this writing, one Bitcoin is worth $59,062.
In 2024, there were 85,400 Bitcoin millionaires, which is twice as many as in 2023.
Crypto millionaires have more than quadrupled this year, with Bitcoin's number exceeding double.
Crypto Wealth Report 2024 was released by New World Wealth and Henley & Partners. According to the data, 172,300 people now have cryptocurrency holdings of more than $1 million. From 88,200 in 2023, the figure has quadrupled.
There was a 111% increase to 85,400 Bitcoin millionaires at that period, which is more than twice the previous high.
With a combined fortune of over $100 million, 325 people became centi-millionaires in 2024. The report's data shows that 28 new crypto millionaires were added to the mix in 2024.
In a recent tweet on X, crypto specialist and co-founder of the ETF institute Nate Geraci published the numbers.
As of this writing, one Bitcoin is worth $59,062. So far this year, the asset has gained over 40%.
The highest performing assets in 2024 were meme coins and AI tokens, according to CoinGecko's research. This is despite the fact that Bitcoin ETFs have accelerated increases in Bitcoin and probably helped the number of Bitcoin billionaires grow.
#TON #BNBChainMemecoins #DOGSONBINANCE #CryptoMarketMoves
A **bull trap** occurs when the price of a financial asset (such as a stock or cryptocurrency) appears to be moving upward, luring in traders who believe a new upward trend is beginning. However, after a short-lived rally, the price quickly reverses direction, resulting in losses for those who bought in during the initial upward movement.
In other words, it's a false signal that tricks traders into thinking that the market is going bullish (moving up), when in reality, it was just a temporary increase before a decline resumes.
Bull traps can be particularly dangerous during bear markets or periods of high volatility.
$BTC /USDT Analysis
Current Price: $58,893.80
Resistance: $64,994.34
Support: $58,000 (approximately)
Analysis:
The chart shows BTC/USDT consolidating within a tight range after a recent downtrend. The price has been oscillating between the support level at around $58,000 and resistance near $60,000. A clear breakout from this range will likely dictate the next significant move for Bitcoin.
Breakout Scenarios:
Bullish Breakout: If BTC/USDT breaks above the $60,000 resistance level with strong volume, the next immediate target would be around $62,000. If the bullish momentum continues, we could see the price pushing towards the $64,994 resistance level, which is marked as TP1 on the chart.
Bearish Breakdown: On the other hand, if BTC/USDT fails to hold the $58,000 support level and breaks below it, we could see a sharp decline towards the $54,000 level. A further drop could potentially target the $52,000 area, which aligns with the lower support zone indicated by previous price action.
Strategy:
Traders should watch for a decisive move outside the current range. For those looking to enter long trades, consider waiting for a breakout above $60,000 with strong confirmation. On the flip side, for short trades, a breakdown below $58,000 could provide a good entry point. Always use stop losses to manage risk, especially given the volatility observed in BTC.
Conclusion:
BTC/USDT is currently in a consolidation phase, with potential breakout points identified. Monitoring the price action closely around these levels will be key to making informed trading decisions.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #LowestCPI2021
{future}(BTCUSDT)
**AI's Corporate Future: Anthropic CEO Shares Vision**
Artificial intelligence's future might look more like a corporate hierarchy than a sci-fi robot takeover, according to Anthropic CEO Dario Amodei. In a recent Econ 102 podcast, Amodei discussed AI's potential, from military applications to replacing human workers.
Amodei highlighted Anthropic's efforts to create an efficient AI network. This involves "big models orchestrating small models," where a core AI model, like Claude, oversees smaller, specialized models for specific tasks. This structure could offer users tailored capabilities through a simple interface, revolutionizing how we interact with AI.
$DOGS Insight: Keeping It Real
This week, $DOGS is taking a bit of a pause, so itâs essential to manage our expectations. Thinking itâll hit $1 or even $0.01? Thatâs a tall order. To give you some perspective, reaching $0.01 would require a market cap almost twice that of Ethereum! A more realistic target range would be between $0.002 and $0.008, aligning with the peaks of other memecoins like WIF and $DOGE. While nothing is guaranteed, $0.0012 is shaping up as a strong support level worth keeping an eye on.
đ $WIF Review: Downtrend Persists đ
For $WIF, the downward trend isnât letting up. While there could be a bounce around $1.35, itâs wise to stay cautious. The wide gaps between support levels and $WIFâs sharper decline compared to $BTC suggest a bearish stance remains prudent.
Struggling with overtrading?
Check out my earlier post for some helpful strategies!
#TON #DOGSONBINANCE #BNBChainMemecoins #PowellAtJacksonHole #CryptoMarketMoves
{spot}(WIFUSDT)
{spot}(DOGSUSDT)
Bitcoinâs Potential $10 Million Valuation đ°
đđđ
$BTC
In addition to his intriguing 16,000% prediction, Kiyosaki has also suggested that Bitcoin could one day reach an unimaginable $10 million per coin. This bold forecast is based on several key factors:
Economic Turbulence: Kiyosaki argues that as governments continue to print money recklessly and accumulate unsustainable debt, traditional currencies will devalue, making Bitcoin an increasingly attractive alternative.
Finite Supply: Bitcoinâs capped supply of 21 million coins is crucial to its potential value surge. As demand increases and supply remains fixed, the price could experience significant growth.
Institutional Adoption: With more corporations, financial institutions, and even governments embracing Bitcoin as a store of value, demand is expected to rise, potentially driving prices to new heights.
Why This Matters to Investors đ§
Kiyosakiâs predictions, while sometimes controversial, always spark thought. His focus on Bitcoin and cryptocurrencies reflects a growing trend among investors looking to protect their wealth amid economic uncertainty. Although the idea of Bitcoin reaching $10 million may seem extreme, the underlying factors of scarcity, increasing demand, and institutional adoption make it a compelling consideration for long-term investors.
#TON #DOGSONBINANCE #TelegramCEO #PowellAtJacksonHole #BinanceBlockchainWeek
đ Bitcoin Enthusiasts, Listen Up! đ
TRM Labs has uncovered a troubling trend: crypto ATMs are becoming hotspots for illicit activities. These cash-to-crypto machines have processed a whopping $160 million in illicit transactions since 2019! đ±
In 2023 alone, 1.2% of all transactions at these ATMs were illegal, compared to just 0.63% for the broader crypto market. The lack of stringent KYC and AML protocols makes these machines attractive to fraudsters. đ
Despite this, Bitcoin's potential remains untarnished. As regulators crack down on shady ATMs, the focus on secure and compliant BTC transactions grows stronger. đ
Stay optimistic and keep HODLing! đȘ
It's easy to think data breaches won't happen to us, but the reality is different. They can affect anyone - individuals, businesses, big or small. So, don't wait for a wake-up call. Take proactive measures to shield your sensitive data. đĄïžđ»
Learn more about digital security, data breaches, and online risks: https://t.co/DCJTjhXd72
#Cyberattacks #DigitalSecurity
In Suzhou, China, a man named Li Chengming experienced a terrifying situation after depositing 640,000 yuan into his bank account.
Shortly after, he received two alarming text messages indicating that 199,818 yuan had been transferred out of his account twice. Reacting quickly, Li asked the bank to freeze his account, but the bank refused. Panicking, he contacted the police and rushed to the bank, arriving within 15 minutes, only to find his account balance had dropped to just 19 yuan.
When the bank tried to deflect responsibility, Li decided to take legal action. The investigation uncovered that Tan Jiankun, the fraudster, had help from an insiderâa bank employee who leaked Liâs personal information, facilitating the unauthorized transfers. The court discovered that the bank staff were aware of the fraud but failed to act in time to prevent it.
Due to the bankâs negligence in managing customer data and its failure to respond to the suspicious activity, they were held liable and ordered to compensate Li Chengming with 642,438.9 yuan plus interest. This case underscores the critical importance of protecting customer information and responding swiftly to any signs of fraud. It serves as a powerful reminder for financial institutions to prioritize the security and trust of their clients.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #LowestCPI2021
đšđšIris Energy Expands Bitcoin Mining Capabilities with Major Acquisitionđšđš
Iris Energy is making a significant leap in its Bitcoin mining operations by acquiring 39,000 Bitmain S21 XP Antminers, marking a major expansion in their capabilities. This strategic move is set to increase their hash rate to an impressive 30 EH/s by 2024, positioning Iris Energy as a key player in the cryptocurrency mining industry.
With this acquisition, Iris Energy is not only scaling up its operations but also reinforcing its commitment to becoming a leading force in the crypto space. The substantial boost in hash rate reflects the companyâs aggressive growth strategy and its confidence in the future of Bitcoin mining.
As the crypto landscape continues to evolve, Iris Energyâs expansion signals its readiness to capitalize on the opportunities ahead and solidify its position in the market. Keep an eye on this powerhouse as it pushes the boundaries of whatâs possible in Bitcoin mining.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole
đŽ Alarming News
Why isnât my money growing?
A lady recently asked why her $28 in Binance wasnât increasing in value. She was excited about Bitcoin but mistakenly believed that USDT (a stablecoin) would appreciate the same way. Itâs crucial to grasp the differences between stablecoins, altcoins, and Bitcoin.
Stablecoins like USDT are designed to maintain a stable price, so they wonât grow in value. On the other hand, altcoins are alternative cryptocurrencies to Bitcoin and can be just as volatile. Bitcoin itself is highly volatile, offering the potential for significant gains or losses. Tokens, including meme coins or NFTs, also carry similar volatility.
If your money is in USDT, it wonât grow unless itâs earning minimal rewards through specific programs. Stablecoins are built to maintain stability, unlike other cryptocurrencies that can fluctuate in value, though with higher risk.
Why did I lose money if I had $28 in Binance USDT and now only have $20 in my bank?
When you make a transaction on any platform, youâll incur fees ranging from 0.1% to 10%, depending on the platform and the type of currency youâre converting. This means that the amount you receive when converting to fiat (real money) will always be slightly less than what you started with.
These fees vary based on the platform and the currency youâre selling. Additionally, the person buying your coins might also charge a commission. These are standard practices in the cryptocurrency exchange world, so donât be alarmed. Itâs just part of the process, and itâs important to understand that small losses are normal when converting to fiat. It doesnât mean you were cheated; itâs simply a part of trading.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #LowestCPI2021
DeFi Protocol Threshold Proposes Merger with WBTC to Prevent Takeover by Justin Sun
The involvement of Justin Sun has raised alarms within the community
The decentralized finance (DeFi) protocol Threshold has proposed a merger between its Bitcoin wrapper token, tBTC, and Wrapped Bitcoin (WBTC) to prevent a potential takeover by Justin Sun.
The proposal, introduced on August 29, aims to safeguard WBTC following concerns over a possible shift in control of the widely used Bitcoin wrapper.
The concerns stem from a recent announcement by BitGo, the custodian managing the Bitcoin reserves backing WBTC.
đ Exciting times in the crypto world! Coinbase just completed its first AI-to-AI crypto transaction, marking a huge leap in integrating AI with blockchain tech. đ€đ°
Two AI systems traded using "AI tokens," which act as computational commands. This innovative approach lets AI agents trade without traditional financial tools, using crypto wallets on the Base network with USDC.
This breakthrough could revolutionize AI capabilities, enabling them to handle real-time transactions, book services, and more. While still in its infancy, the future of AI-driven transactions looks incredibly promising! #Crypto #AI #Blockchain
A crypto trader recently struck gold, turning a modest 0.42 $SOL investment (about $59) into an astonishing 1500 $SOL (worth $235,000) in just under five minutesâa staggering 7920x return.
This impressive gain came from trading the Ethereum-based meme coin, $MBAPPE, showcasing the volatile yet potentially rewarding nature of the meme coin market.
What truly sets this trader apart isnât just a stroke of luck but a well-crafted strategy.
Over the past month, theyâve been actively involved in the meme coin market, completing around 469 trades. By spreading small investmentsâsuch as 0.21, 0.37, or 0.57 $SOLâacross different meme coins, they balanced risk while capitalizing on high-reward opportunities.
With a success rate of about 67.73%, the trader has amassed a total profit of $253,967 in just 43 days. The highlight of their trading journey was the $MBAPPE trade, where 0.42 $SOL was transformed into 1500 $SOL. This story demonstrates that while meme coin trading carries significant risks, substantial gains are possible with a well-thought-out approach.
#TON #DOGSONBINANCE #TelegramCEO #BNBChainMemecoins #BinanceBlockchainWeek
{spot}(SOLUSDT)
đ Crypto Insights in Under 2 Minutes!
Over four years in the crypto world, I've picked up some key lessons:
Regardless of market fluctuations, a small 8% of holders will always control the limited 21 million Bitcoin supply.
Financial literacy is more crucial than technical analysis or in-depth research.
Passive income isnât just a dreamâyou can earn while you sleep.
The surprising part? Bitcoin has historically averaged over 100% annual growth, yet many miss out. Why? Too many chase quick profits instead of focusing on long-term gains.
If you can't spend hours daily on crypto, simplify your strategy: put 75% in $BTC and 25% in $ETH. Learn, question everything, and take control of your choices.
Investing should add meaning to your life. If crypto resonates with you, dive in fully! Remember, crypto is now linked with the broader financial world, influenced by global economic trends.
Seize the momentâinvest wisely and shape your future!
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole
{future}(BTCUSDT)
{future}(SOLUSDT)
â ïž Breaking Updates Regarding $AAVE $FET $LTC
AAVE: The Surge
AAVE experiences a significant increase, indicating strong bullish sentiment. This upward movement suggests robust buying pressure, and a potential retest of its resistance level.
*Support: $125 (previous low)
*Resistance: $140 (next resistance level)
*Next Target: $150 (breakout level)
A breakout above the resistance level could lead to further gains, while a rejection could indicate a potential selling opportunity.
FET: The Climb
FET experiences a notable increase, reflecting strong bullish sentiment. This upward movement suggests moderate buying pressure, and a possible breakout above the resistance level.
*Support: $1.10 (previous low)
*Resistance: $1.20 (next resistance level)
*Next Target: $1.30 (breakout level)
A breakout above the resistance level could lead to further gains, while a rejection could indicate a potential selling opportunity.
LTC: The Uptrend
LTC experiences a steady rise, indicating moderate bullish sentiment. This upward movement suggests consistent buying pressure, and a potential breakout above the resistance level.
*Support: $63 (previous low)
*Resistance: $68 (next resistance level)
*Next Target: $75 (breakout level)
A breakout above the resistance level could lead to further gains, while a rejection could indicate a potential selling opportunity.
#TelegramCEO #Write2Earn! #dogs #BinanceLaunchpoolDOGS #TON