$BAL /USDT
**Understanding Spot and Resistance in Trading**
Spot and resistance are crucial concepts in technical analysis for traders. The "spot" price refers to the current market price at which an asset can be bought or sold. It's essentially the real-time value that reflects the immediate demand and supply in the market.
On the other hand, "resistance" refers to a price level where an assetâs upward movement tends to slow down or reverse due to selling pressure. This happens because traders often view the resistance level as a signal to sell, anticipating that the price may not easily rise above this level. As a result, resistance acts as a psychological barrier where many traders set their sell orders, leading to increased supply that prevents further price increase.
Identifying resistance levels is vital for traders because it helps them make informed decisions about entry and exit points. When a price breaks above a resistance level, it may indicate a bullish trend, suggesting a potential rise in price. Conversely, if the price fails to breach the resistance level, it could signal a reversal or continuation of a bearish trend.
Understanding these concepts helps traders navigate the market with greater precision, enabling them to capitalize on potential price movements and manage risks effectively.#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole
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#CryptoMarketMoves NFTs: Building Loyalty and Bridging Experiences
Zhen Yu Yong, CEO of crypto wallet creator Web3Auth, told Cryptonews that brands are also increasingly recognizing how NFTs can foster customer loyalty.
#LOYALBINANCIANS
For instance, Yu Yong explained that Web3Auth collaborated with McDonaldâs Singapore to launch the âGrimace NFT.â Holders can participate in games and activities, unlocking real-life rewards redeemable at McDonaldâs locations.
#VOTEme
âThis approach not only incentivizes repeat visits to physical stores, but also strengthens the connection between the brand and its customers,â Yu Yong said. âAs NFTs continue to evolve, they are becoming powerful tools for bridging digital and physical experiences, enhancing their appeal.
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Yu Yong further remarked that the collectible aspect of NFTs still holds significant appeal.
âThis is especially the case in fandoms or niche communities where owning the NFT itself serves as a badge of honor,â he said. âUtility-driven NFTs can help sustain engagement over time.
#UnitySeed
Celebrities Join the NFT Movement
#NFTDrama
A number of celebrities have also launched NFT collections this year. For example, Yu Yong shared that Web3Auth partnered with âCollect Trump Cardsâ to launch an NFT series called âAmerica Firstâ Edition.
$BNB
Yu Yong explained that Trump NFT holders can join Presidential candidate Donald Trump for a GALA dinner, creating a sense of exclusivity and interaction.
$BTC
âAdditionally, NFTs make it easier to bootstrap and sustain communities by token-gating them; only token holders can participate, which fosters a more dedicated and aligned community.
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Caitlyn Jenner recently tokenized and auctioned her 1976 Olympic gold medal as an NFT on the Base blockchain. Sources have noted that NFT holders will receive a âdeedâ tied to the digital collectible
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Regulatory Uncertainty and the Future of NFTs
While itâs notable that brands and even celebrities continue to show interest in NFTs.
đš Must-Know Crypto Updates: End of Summer Edition!
1ïžâŁ Scammers Revamp Tactics in 2024
A new #Chainalysis report reveals that crypto scammers have adapted their methods in 2024, opting for short-term, high-profit scams. With a focus on smaller targets, the average lifespan of these schemes has dropped by over 50% since 2023.
2ïžâŁ Elon Musk Beats $258B Dogecoin Lawsuit
A massive victory for Elon Musk! The Tesla founder and X (formerly Twitter) owner just won the dismissal of a $258 billion lawsuit accusing him of hyping #Dogecoin. The court ruled in Musk's favor, putting an end to investor claims of fraud and insider trading.
3ïžâŁ Australia's Crypto ATM Boom đŠđș
Australia is making waves in the crypto world with a 16-fold increase in cryptocurrency ATMs in just two years. Now boasting nearly 1,200 machines, Australia ranks third globally in crypto ATM adoption.
4ïžâŁ Londoner Charged for Unregistered Crypto ATM
In a UK first, a man from London faces charges for operating a crypto ATM without FCA registration. A stern reminder that regulation is tightening in the crypto space.
5ïžâŁ Rippleâs Legal Battle with the SEC âïž
Rippleâs Chief Legal Officer is going head-to-head with the SEC. Following OpenSea CEO Devin Finzer's announcement of a Wells Notice, Ripple is stepping up its challenge against the regulatory giant.
đ Remember to always Do Your Own Research (DYOR) before making any crypto investments.
#CryptoNews #dyor #ripple #Cryptoscam #ElonMusk #crypyocurrency
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đ„ FLOKI Tanks 21% to $0.0001224âBut Is a Massive Rebound on the Horizon? đ„
The beloved dog-themed memecoin FLOKI has taken a heavy hit, plummeting over 21% in a single day! Now trading at **$0.0001224**, FLOKI is the biggest loser in this market downturn, with its market cap sliding to **$1.172 billion**. This drop has allowed **Bonk Inu (BONK)** to overtake FLOKI, claiming the fifth spot among meme coins with a **$1.209 billion** valuation.
### đ **The Sell-Off That Shook FLOKI** đ
What triggered this steep decline? **Spot On Chain** data reveals intense market activity behind FLOKIâs fall. A mysterious wallet, dormant since early 2022, suddenly offloaded **15 billion FLOKI tokens**âworth a staggering **$2.3 million**âonto Binance just hours before the crash. This massive sell-off unleashed a flood of tokens into the market, overwhelming demand and sending prices spiraling downwards.
### đš **The Crucial $0.0001096 Support Level Approaches** đš
FLOKI is now dangerously close to retesting the **$0.0001096** support level, a critical juncture that could dictate its short-term future. Having recently breached the **$0.0001441** resistance, FLOKIâs sell-off has been relentless. The **Relative Strength Index (RSI)** is diving, signaling further potential declines ahead.
### đ„ **A Rebound to $0.00021?** đ„
But all hope is not lost! Crypto analyst **CryptoJelleNL** sees a potential silver lining. If FLOKI can bounce back from this support level, we could witness a powerful rally, potentially surging past **$0.00021**âa level last seen in July. This could mark a major comeback for the memecoin, restoring critical support and setting the stage for a bullish breakout.
**FLOKI**âs journey is far from over. Will it collapse further, or is a dramatic reversal in the cards? The next few days could be decisive, so keep your eyes peeled and your strategy sharpâFLOKIâs fate hangs in the balance! đđ
#FLOKI? #CryptoCrash #Memecoinsđ€đ€ #CryptoNews #BullishOrBearish
The number of #Bitcoin millionaires jumped by 111% over the past year, with 85,400 people now owning over $1 million in $BTC , says Henley & Partners survey.
The repost also shows that 172,300 people worldwide have more than $1 million in crypto, a 95% increase from last year.
#TrendingTopic #BitcoinMillionaire
Why Brands Still Care About NFTs #NFTBNB
NFTNFT PlatformOpensea
$SOL
Despite a decline in NFT sales, brands continue to recognize the potential of NFTs.
Amidst a dip in NFT sales this year compared to the highs of summer 2021, brands like Casio and celebrities such as Caitlyn Jenner are demonstrating continued faith in the potential of digital collectibles.
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Statistics show that NFT transactions are significantly lower this year. In addition, once valuable NFTs are now being sold for much less than what they were purchased for a few years ago.
$BNB
For example, CryptoPunk #5822, which holds the record for the most expensive CryptoPunk sale, sold for 8,000 Ether in 2022, valued at around $23 million at the time.
On August 19, the NFT was transferred to an anonymous crypto wallet for an undisclosed amount. However, this downward trend hasnât deterred everyone from engaging with NFTs.
$ETH
Brands Embrace NFTs Despite Market Fluctuations #nftfuture
Despite declining interest in digital collectibles, brands continue to launch NFT collections.
The Japanese multinational electronics company Casio recently announced a collection of NFT sneakers. Casio teamed up with STEPN GO, the Web3 lifestyle app, to launch the sneakers as part of the âvirtual g-shockâ project.
A limited number of 800 sneakers were made available through a raffle mint event held during August 26 to 29 on the Mooar gamified marketplace. #sneakers
Yawn Rong, Co-Founder of FSL â the Web3 product platform that launched STEPN GO on the Apple app store â told Cryptonews that the âG-SHOCK x STEPN GOâ NFT sneakers are unique. Rong noted this is because they are the first-ever tradable Genesis Sneakers within the STEPN GO ecosystem. #ecosystemgrowth
âThis gives them intrinsic value and rarity, making them highly sought-after by both collectors and players,â Rong said. âThese NFTs also integrate utility within the STEPN GO app, allowing owners to earn rewards.â #NFTRewards
đ Top Cryptocurrency Predictions: XRP, Solana, and Shiba Inu Set to Soar! đ
As 2024 unfolds, three digital assets are capturing the spotlight with their potential to redefine the crypto landscape: **XRP**, **Solana (SOL)**, and **Shiba Inu (SHIB)**. Each is carving its path toward monumental growth, and the crypto community is buzzing with excitement.
### 1ïžâŁ XRP: **Legal Clarity & Global Dominance** đ
Ripple's battle with the SEC is more than just a legal fightâit's the gateway to XRP's global adoption! With Ripple securing a partial win, the stage is set for XRP to surge. Imagine a world where financial institutions worldwide adopt XRP for cross-border transactions, pushing its price to new heights, potentially beyond $5! The future of XRP is bright, and the countdown to a major price rally has begun.
### 2ïžâŁ Solana: **The Speed Demon of Crypto** âĄ
Solanaâs unmatched speed and scalability are turning heads. With its unique proof-of-history mechanism, Solana is attracting a wave of dApps, NFTs, and DeFi projects. As its ecosystem grows, so does the potential for SOL to hit the stratosphereâcould $300 be on the horizon? With Solanaâs ecosystem rivaling Ethereum, long-term growth is not just a possibility, it's a reality in the making.
### 3ïžâŁ Shiba Inu: **From Meme to Powerhouse** đ
Shiba Inu is shaking off its meme coin status and embracing real utility! The launch of **Shibarium** and **ShibaSwap** is set to transform SHIB into a viable currency with reduced fees and faster transactions. Backed by the passionate Shib Army, SHIBâs journey to the coveted $0.001 is closer than ever. This isn't just a coinâit's a movement!
### **A Bright Future Awaits!** đ
XRP, Solana, and Shiba Inu are not just digital assets; theyâre
#CryptoNewss
September could see significant market fluctuations due to various events. These include a potential debate between Trump and Harris, the Fed's FOMC possibly cutting interest rates, and CZ's release from prison. Additionally, major blockchain events like the Korean Blockchain Week and Singapore 2049, the largest in Asia, will also take place in September.#CryptoNewss
Chinese Crypto Market Data Provider Feixiaohao Under Police Investigation #ChinaCrypto
China Chinese Yuan. Feixiaohao
Feixiaohao is under investigation by the Inner Mongolia police which has led to the arrest of key executives of the company.Â
$BTC
Feixiaohao, a leading cryptocurrency market data provider in China, is currently under investigation by the Inner Mongolia police. The investigation, which has reportedly been ongoing for over six months, has led to the arrest of several key company executives.
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While the precise reasons behind the investigation are undisclosed, there are indications that it may involve compliance issues or disputes related to the platformâs business practices.
$BNB
Feixiaohao has been a prominent player in Chinaâs crypto ecosystem since its launch in 2017. It offers real-time data on digital assets and exchanges and is a major resource for cryptocurrency enthusiasts in the country.
Feixiaohao Investigation: What Crime Have They Committed?
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Feixiaohao, often dubbed the Chinese version of CoinGecko, was established in August 2017 and quickly became the largest simplified Chinese crypto market data website, providing extensive information on over 14,000 cryptocurrencies.
Despite its success, the platform now faces significant legal challenges.
Reports suggest that Inner Mongolia authorities may investigate Feixiaohao for promoting dubious exchanges and scam tokens, a persistent issue within the broader crypto market.
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As cryptocurrency journalist Colin Wu reported on August 28, the Inner Mongolia police investigation has raised concerns about the platformâs operations and compliance with Chinese laws.
Multiple sources, including Wuâs channel, Wu Blockchain News, indicate that many of Feixiaohaoâs exchange partners have been unable to contact the company, adding to the uncertainty surrounding its future.
Despite these legal troubles, Feixiaohao continues to operate and update its website, with the most recent articles dated August 30, 2024.
**Rhodium Enterprises Gets Creative with Bankruptcy Funding! đ€**
- Bitcoin mining firm Rhodium Enterprises, fresh from filing for bankruptcy, just got court approval to take a loan in either USD or Bitcoin.
- They can choose between $30 million or 500 BTC from Galaxy Digital, but here's the kicker: the dollar loan has a 14.5% interest rate, while the Bitcoin loan is a "bargain" at 9.5%.
- With Bitcoin's price doing the cha-cha, this move is as unpredictable as a cat on a hot tin roof!
- Filed under Chapter 11, Rhodium aims to reorganize its debts and keep the lights on.
Stay tuned for more blockchain shenanigans!
**Bitcoin Mining Firm Rhodium Gets Court Nod for Unique Loan Amid Bankruptcy**
Rhodium Enterprises, a Bitcoin mining company that recently filed for bankruptcy, has received court approval to secure a loan in either USD or Bitcoin. The firm can borrow $30 million or 500 Bitcoin from Galaxy Digital, led by Mike Novogratz. The USD loan carries a 14.5% annual interest, while the Bitcoin loan is cheaper at 9.5%.
- Rhodium can repay the Bitcoin loan in USD based on market prices at repayment time.
- This approval is unusual due to Bitcoin's price volatility.
- Rhodium filed for Chapter 11 bankruptcy on Aug. 24, revealing liabilities up to $100 million.
- The filing includes six subsidiaries and allows the company to reorganize its debts while continuing operations.
Bitcoin miners are under financial strain due to reduced rewards and mounting debts. Despite these challenges, some firms like Bitfarms are expanding, recently acquiring Stronghold Digital Mining for $125 million.
đ Bitcoin Bull Run 2024: What's Next? đ
The highly-anticipated 2024 Bitcoin bull run hasn't hit the $100,000 mark yet, despite breaking its 2021 all-time high earlier this year. đ
Several factors could still propel BTC to new heights by the end of 2024. Market sentiment and investor confidence are key. A shift towards optimism, characterized by increased trading volumes and positive news, could restore faith in Bitcoin. đ
Regulatory developments also play a crucial role. The approval of spot BTC ETFs was a good start, but more supportive regulations could follow, especially after the US elections. đłïž
Global adoption and economic conditions are equally important. Increased BTC adoption for transactions and financial services, along with favorable macroeconomic conditions like lower interest rates, could drive prices higher. đđž
Stay tuned, Bitcoin enthusiasts! The journey to $100,000 might still be on the horizon. đ
Bitcoin's circulating velocity, a key metric indicating the speed at which coins move through the market, is calculated by dividing the total amount of coins moved in a year by the total supply. Historically, an uptick in this velocity has preceded major bull runs, driven by significant on-chain activity from whale investors.
Currently, the velocity remains relatively unchanged due to uncertainties surrounding the US presidential election and macroeconomic conditions, which deter large-scale investments. However, the increasing supply of stablecoins presents a positive outlook. Should these external factors stabilize, the potential for a bullish rally remains strong.
Bitcoin's Circulating Velocity: A Key Indicator for Market Trends
Bitcoin's circulating velocity, calculated as the total amount of coins moved in a year divided by the total supply, serves as a crucial indicator of market activity. Historically, an increase in this velocity has preceded significant bull runs, driven by large-scale turnover among whale investors.
Currently, the velocity remains stable due to uncertainties surrounding the US presidential election and macroeconomic conditions, which have deterred whale investors. However, the continuous increase in stablecoin supply signals potential for a bullish rally if these external factors are resolved.
Overall, the market outlook remains optimistic.
FA (36) seorang pemuda asal Bandung, ditangkap setelah membobol akun kripto senilai ratusan juta Rupiah. Aksinya bermula setelah membeli handphone (HP) bekas secara online pada Juli 2024. HP tersebut, yang ternyata milik korban berinisial RE, hilang sejak 28 Mei 2024 dan dijual di salah satu marketplace dengan mekanisme pembayaran cash on delivery (COD).
Setelah menguasai HP tersebut, FA menemukan akun Crypto Binance milik korban di dalamnya. Menyadari adanya aset kripto, FA masuk ke akun tersebut dan melakukan penarikan aset senilai Rp311.332.221 ke akun Indodax. Uang hasil penarikan tersebut kemudian ditransfer ke dua rekening berbeda yang juga milik FA.
Akibat tindakannya, FA dijerat dengan Pasal 30 ayat (1) juncto Pasal 46 ayat (1) dan/atau Pasal 32 ayat (1) juncto Pasal 48 ayat (1) UU Nomor 1 Tahun 2024 tentang Perubahan Kedua Atas UU Nomor 11 Tahun 2008 tentang Informasi dan Transaksi Elektronik.
#BINANCE #Crypto #Dogs #Airdrop #BNB
CAMPAIGN ALERTâ
Since memecoins have been picking up steam lately in CT, we're celebrating with a Meme Makeover Madness Campaign. đ€©
Would it be Pengu with Trump's hair, Pengu wif hat, Pengu riding Doge, or perhaps a drooling Pengu? It's all up to your imagination.
7,000 $cNFP awaits the top AIGC Meme Creators! đ€©
đ
Whale Flex Gone Wrong: $PEPE Bags Take a $3M Hit
The PEPE whale just pulled a wild move, dumping 330B tokens on Kraken for $2.53M, but still clutching a cool 1T PEPE worth $7.57M.
After flipping 500B for 828B at a discount, they still caught a fat $3M L.
Whale moves always shake the market, and big dumps on exchanges like Kraken can tank prices fast.
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Meme coin world is savage, and even big fish bleed.
Stay sharp - watch the whales.
Source: The Crypto Times & Mario Nawfal
#PEPE
JST (JUST) is a cryptocurrency token associated with the JUST Network, a decentralized finance (DeFi) platform built on the TRON blockchain. Here are some key points about JST coin:$JST
Key Features:
1. _Decentralized Lending_: JUST Network offers decentralized lending and borrowing services.
2. _Stablecoin_: JUST Dollar (USDJ) is a stablecoin pegged to the US dollar, issued on the JUST Network.
3. _Governance Token_: JST is the governance token of the JUST Network.
4. _TRON Ecosystem_: JUST Network is built on the TRON blockchain, leveraging its scalability and security.
Use Cases:
1. _Lending and Borrowing_: JST is used for lending and borrowing on the JUST Network.
2. _Stablecoin Issuance_: JST is used to issue and manage the JUST Dollar (USDJ) stablecoin.
3. _Governance_: JST holders participate in platform governance, voting on proposals.
4. _Payment of Fees_: JST is used to pay fees on the JUST Network.
Availability:
JST tokens are listed on various cryptocurrency exchanges, including Binance, Huobi, and Poloniex.
Partnerships:
JUST Network has partnered with notable projects like TRON, BitTorrent, and Waves, expanding its ecosystem.
Tokenomics:
- Total Supply: 9.9 billion JST tokens
- Circulating Supply: around 4.5 billion JST tokens
JST has gained traction in the DeFi space, particularly within the TRON ecosystem.
If you have any more questions or need further clarification, feel free to ask!
Hi Guys,
$BTC To 1 Million Prediction !!!
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Bitcoin Price Prediction: Is the Next Bull Run About to Hit $1 Million?
In a recent conversation with analyst Scott Melker, Jack Mallers, the CEO and founder of Strike, a global Bitcoin app, explained why he is a Bitcoin maximalist.
He emphasized that this prediction is grounded in economic fundamentals, including the likelihood of inflation soaring and the impact of civil unrest.
Despite some recent outflows from U.S. Bitcoin ETFs, Mallers noted that global accumulation continues, with Australiaâs Bitcoin ETF leading the charge and over 110 businesses now building on Bitcoin in Africa.
Hereâs an insight into BTCâs next move amidst the looming danger of a market crash due to the debt rate rising.Â
Central Bank Policies and Money Printing
Mallers speculated that we may be entering a phase where central banks attempt to price-fix the bond market, which could lead to an unprecedented amount of money printing.
He compared this potential scale of money printing to multiple instances of the stimulus measures taken during the COVID-19 pandemic.
According to Mallers, this massive increase in money supply will likely drive up the prices of various assets such as gold, real estate, and equities.
#TON #DOGSONBINANCE #Write2Earn!
OM (Mantra DAO) is a cryptocurrency token associated with the Mantra DAO platform, a decentralized finance (DeFi) and governance platform. Here are some key points about OM coin:$OM
Key Features:
1. _Governance Token_: OM is the governance token of the Mantra DAO platform.
2. _DeFi Services_: Mantra DAO offers DeFi services like lending, borrowing, and yield farming.
3. _Staking_: OM holders can stake their tokens to earn rewards and support the platform.
4. _Decentralized Governance_: OM holders participate in platform governance, voting on proposals to shape the platform's future.
Use Cases:
1. _Governance_: OM holders participate in platform governance, voting on proposals.
2. _Staking_: OM holders can stake their tokens to earn rewards and support the platform.
3. _Payment of Fees_: OM is used to pay for fees on the Mantra DAO platform.
4. _Collateral_: OM can be used as collateral for loans on the platform.
Availability:
OM is listed on various cryptocurrency exchanges, including Uniswap, Sushiswap, and Huobi.
Partnerships:
Mantra DAO has partnered with notable projects like Polygon, Chainlink, and Aave, expanding its ecosystem and use cases.
Please note that the details may change as the project evolves.
If you have any more questions or need further clarification, feel free to ask!