Ethereum (ETH): 20% Rise Is Imminent â perspective by CoinPedia
The price of Ethereum broke below the support at $2500, which revived the possibility of a restest of the next support at $2200. Therefore, a structural higher low is going to form in a deep value zone following a breakdown from the rising wedge. The bulls have halted the bearish trend with a reversal above $2500 while the next price action remains uncertain. If the bulls maintain a healthy upswing, a rise above $2700 may elevate the levels to $3000. As the crypto winters are about to begin, the bullish probability remains within a limited range.Â
Therefore, if the price loses the current support zone between $2350 and $2416, then a drop close to $2000 could be imminent. This move may attract the required liquidity, which may revive a strong ascending trend.Â
The ETH price is still trading above the EMA 50 support level in the longer time frame and hence there could be a possibility of a price capitulation. Therefore, the sluggish phase is expected to go on where the price may continue its trade within a narrow range. Hence, the Ethereum (ETH) price is believed to maintain a range-bound trade for a few more weeks, which may result in a bullish breakout beyond $3000.Â
#TON #DOGSONBINANCE #TelegramCEO #EthereumPower #ETHđ„đ„đ„đ„
$ETH
đ **Bitcoin Bounces Back! Will September Be a Game-Changer?** đ
Bitcoin has shown incredible resilience, surging from $45,500 to over $64,000âa 40% recovery! This bullish trend is fueled by potential interest rate cuts hinted by Fed Chairman Jerome Powell, which could boost volatile assets like crypto.
đ **Key Highlights:**
- **Macro Impact:** Powell's remarks suggest a cooling job market and sustainable inflation, paving the way for lower interest rates.
- **Institutional Trust:** Bitcoin ETFs saw a net inflow of $17.86 billion in August, indicating strong market confidence.
- **Market Dynamics:** Stablecoins' market cap rose by $6 billion, showing robust liquidity.
đŹ **What are your thoughts on Bitcoin's future? Share in the comments!**
đ Meme Coin Market Downturn đ
$PEPE $BONK $WIF đ‎ïžđȘ
{spot}(WIFUSDT)
{spot}(BONKUSDT)
{spot}(PEPEUSDT)
The meme coin market is experiencing a significant downturn đ, with WIF, PEPE, and BONK being among the poorest performers đ€. This "meme coin bloodbath" đ is characterized by substantial price drops đž, leaving investors and enthusiasts wondering about the future of these coins đ€.
đ Causes of the Downturn:
1. đȘïž Market Volatility: Cryptocurrency markets are inherently unpredictable đ€Ż, and meme coins are no exception đ
ââïž. Price fluctuations can be drastic and unpredictable đ.
2. đ Lack of Fundamental Value: Meme coins often rely on community sentiment đŹ, hype đŁ, and speculation đź rather than inherent value or utility đĄ. This makes them vulnerable to market whims đ„.
3. đ€Ż Over-Saturation: The proliferation of meme coins has led to a dilution of interest and investment đ. With so many options, investors may become disenchanted đ and move on đ.
đ Statistics:
1. đ WIF: Down by 70% in the past week đ°ïž, indicating a severe loss of value đž.
2. đ PEPE: Decreased by 60% in the past fortnight đ, showing a steady decline đ.
3. đ BONK: Fallen by 50% in the past month đ, demonstrating a consistent downward trend đ.
đĄ Future Implications:
1. đȘ Market Correction: This downturn may be a natural correction after a period of hype and speculation đź. The market may be adjusting to a more realistic valuation đ.
2. đ Community Resilience: The strength of the community and investor sentiment will be tested during this challenging time đ€. Will the community rally behind their favorite meme coins? đ€
đ Conclusion:
Investors and enthusiasts must remain cautious and informed in these volatile markets đ. It's essential to understand the risks and rewards associated with meme coins and to make informed decisions đ€.
đ DOGS Token: Whatâs Next on the Horizon? đŸ
With DOGS now making waves on major exchanges like Binance and Bybit, the big question is: Will it rise or keep slipping? Letâs dive in!
đ Recent Highlights:
- Initial Surge: DOGS burst onto the scene on MEXC at $0.014, quickly spiking to $0.015 thanks to soaring excitement and trading volumes.
- Sharp Drop: Post-peak, it tumbled to around $0.00129 as early investors cashed in, marked by a sea of red candlesticks.
- Current Stability: Settling at around $0.0013, the token shows signs of calm with reduced trading activity.
đ Whatâs Next?
- Bullish Scenario: Should Pavel Durov, a pivotal figure behind DOGS, get released from jail, we could see the price leap to $0.0025-$0.0030 as enthusiasm returns.
- Bearish Scenario: If Durov stays detained, negative sentiment might drive the price below $0.0010.
đ Key Levels to Watch:
- Resistance: $0.001500 - $0.002000
- Support: $0.001000 - $0.000800
âš Final Thoughts:
DOGSâ journey is closely tied to external factors, especially Pavel Durovâs legal status. Positive news could lift the token, while ongoing issues may lead to further declines.
#BinanceBlockchainWeek #BNBChainMemecoins #BlackRockETHOptions #CryptoMarketMoves #Raiteam
đđ»đđżđŒđ±đđ°đđ¶đŒđ» đđŒ đ§đąđĄ đđźđđ»đ°đ”đœđŒđŒđč đŒđ» đđ¶đ»đźđ»đ°đČ:
The TON Launchpool on Binance offers users a unique opportunity to earn rewards by staking their crypto assets. By staking $BNB or $FDUSD users can earn Toncoin ( $TON ) rewards over a set period. This initiative from Binance provides easy access to new and promising projects, making it a compelling option for both new and experienced investors.
đŽđđđđđđđđđ đđđđ đčđđđđđ
đ:
To get the most out of the TON Launchpool, users should stake their BNB, TUSD, or FDUSD in the available pools on Binance. The more you stake, the greater your potential TON rewards. Staking in a launchpool is a low-risk strategy for increasing your holdings since you can withdraw your assets anytime without losing your staked tokens. This makes it an attractive option for earning additional crypto assets with minimal risk.
đčđđđđđđđđ đ«đđđ:
The TON Launchpool runs for a specific duration, so it's crucial to keep track of the remaining days to maximize your rewards. It will end on 2 September. So only 5 days are remaining .
đŒđđ
đđđđđđđ
đđđ đđđ đčđđđđđ
đ:
The total rewards for the TON Launchpool are substantial, often totaling millions of TON tokens. The rewards are distributed based on the amount you stake, so contributing more to the pool increases your share. Participating in the TON Launchpool not only provides you with potential earnings but also gives you early access to the TON ecosystem, which could have significant future value. Donât miss outâjoin the pool before it closes!
#TONLAUNCHPOOL #SuperEarn #DOGSONBINANCE #TON #TelegramCEO
{future}(TONUSDT)
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$MATIC
Matic (MATIC) will be delisted from Binance on September 10, 2024, at 3:00 UTC . This is because Binance will support the Polygon (MATIC) token swap to Polygon (POL) .
1- *Delisting of MATIC spot trading pairs*: All existing MATIC spot trading pairs will be delisted, and pending orders will be canceled 2- *Suspension of deposits and withdrawals*: Deposits and withdrawals of MATIC tokens will be suspended at 3:30 UTC on September 10, 2024 Âč.
3- *Token swap*: MATIC tokens will be swapped to POL tokens at a ratio of 1:1 .
4- *Listing of POL trading pairs*: New POL trading pairs will be listed on September 13, 2024, at 10:00 UTC .
đ Hong Kong's Markets Authority (HKMA) just launched its tokenization 'Ensemble sandbox' and it's already buzzing with action! Major players like HSBC and Global Shipping Business Network are diving in, testing proof of concepts to future-proof the financial system. đ
Julia Leung, CEO of the Securities and Futures Commission, emphasized the sandbox's role in building a robust tokenization market. HSBC's trials include digital bonds and interbank transfers, showcasing the potential of tokenized transactions.
HashKey Group is also joining the sandbox, exploring tokenization of real-world assets. What are your thoughts on this exciting development? Drop your comments below! đŹ
Pepe (PEPE) Braces for 28% Drop as Bearish Trend Intensifies â perspective by AMBCrypto
Pepe (PEPE) has been trading within a falling wedge pattern since May 27. Currently priced at $0.0000077, its value has dropped by 52% during this period.
PEPEâs price could decline further, as it appears poised to break below the lower line of its falling wedge, which would signal a continuation of the downtrend.
A falling wedge pattern occurs when an assetâs price moves between two downward-sloping trend lines. The upper trend line serves as resistance, while the lower trend line acts as support.
Typically, despite the downtrend within the wedge, this pattern is considered bullish because the price often breaks out above the upper trend line upon completion, leading to an upward movement.
However, PEPE may be an exception. Since August 25, the meme coinâs price has been on a downtrend, dropping by 15% and pushing it closer to the lower line of the falling wedge.Â
\When an assetâs price breaks below the lower trendline of a falling wedge, it invalidates the bullish projection typically associated with this pattern and suggests that the downtrend may continue.
PEPEâs technical setup supports this possibility. The altcoin has fallen below key moving averages, trading beneath both its 20-day exponential moving average (EMA) and its 50-day simple moving average (SMA).
If PEPE bulls fail to defend the lower line of the falling wedge, the meme coinâs price could decline to its August 5 low of $0.0000059, representing a 28% drop from its current value.
However, if the current trend reverses and PEPE resumes its uptrend, its price could rise to $0.0000086.
#TON #pepe⥠#TelegramCEO #BNBChainMemecoins #DOGSONBINANCE
$PEPE
đ The Bank of America stands as a financial powerhouse in the U.S., but when it comes to the future of finance, the spotlight shifts to Binance. đIn a world rapidly evolving towards digital assets, Binance is more than just an exchangeâit's a gateway to the new era of global finance. đ°Whether you're trading, staking, or diving into DeFi, Binance offers unparalleled tools, security, and opportunities. It's where innovation meets trust, and where your financial future is just a click away. đWhy settle for the past when you can invest in the future with Binance? đ#Binance #CryptoFuture #DigitalRevolution #FinanceRedefined
#STX/USDT Approaching Critical Resistance â What's Next ?
$STX
{future}(STXUSDT)
{future}(STXUSDT)
Technical Overview:
The STX/USDT pair on Binance's 2-hour chart shows signs of consolidation within a defined range. The current price is hovering around $1.75, just below the significant resistance zone marked by a purple rectangle between $1.75 and $1.92. This range has acted as a resistance zone multiple times in the past, indicating its importance as a price barrier.
The price is above the 200-period moving average (MA), set at $1.577, which suggests that the overall trend is still bullish. The Volume Weighted Average Price (VWAP) is slightly higher at $1.720, reinforcing the consolidation around this level.
The Relative Strength Index (RSI) is at 48.75, indicating neutral market conditions with neither overbought nor oversold levels. The Moving Average Convergence Divergence (MACD) is showing a minor bearish crossover, with the MACD line slightly below the signal line, suggesting potential weakness or consolidation in the near term.
On the2-hour published chart, the price action shows a failure to break above the $1.92 resistance level, leading to a pullback. The price is currently consolidating within the range, suggesting that a breakout or breakdown could occur depending on the next moves. A break above $1.92 could see further bullish momentum towards $2.10 or higher, while a breakdown below $1.75 may push the price back to the next support level around $1.50.
Disclaimer:
The information provided in this analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and carry substantial risk. Always perform your own research abefore making any investment decisions.
#STX #6thTrade #MarketSentimentToday #Market_Update
#MaticUSDC Upgrade MATIC to POL: Polygon Portal Now Live
Polygon has announced an important update for users holding MATIC tokens on the Ethereum blockchain
Today, users can upgrade their MATIC to POL through the Polygon Portal Interface.
This upgrade is part of Polygonâs strategic transition to enhance its networkâs functionality and efficiency. Letâs explore more about POL.
Seamless MATIC to POL Upgrade Now Available
While there is no deadline for this upgrade, all MATIC tokens on Polygonâs Proof of Stake (PoS) chain and staked MATIC on Ethereum will be automatically converted to POL-on September 4th.
For users with MATIC on Polygon PoS, the upgrade process is straightforward. No action is required on their part, as their tokens will be automatically migrated to POL. This seamless migration ensures that MATIC holders on Polygon PoS experience a smooth transition without needing to manually intervene.
For those holding MATIC on Ethereum, the process involves a manual migration. Users can upgrade their tokens by utilizing the Migration Link available in the Polygon Portal. This link provides a direct pathway for Ethereum-based MATIC holders to convert their assets to POL. The Polygon Portal Interface offers a user-friendly experience, making the manual migration process as efficient as possible.
More About POLâs Migration #ploybox.finance
Centralized exchanges (CEXs)Â will handle the MATIC to POL upgrade differently, as each exchange will implement its migration process. Users holding MATIC on centralized exchanges should consult the official communications from their respective platforms to understand the specific procedures and timelines for the upgrade. It is crucial to follow these instructions closely to ensure a smooth transition of tokens.
This upgrade to POL represents Polygonâs ongoing commitment to evolving its ecosystem and enhancing user experience. By adopting POL, users benefit from the latest advancements in Polygonâs technology, contributing to improved network performance and efficiency.
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đȘ South Korean Crypto CEO STABBED in Court Amid Fraud Trial
The CEO of Haru Invest, Hugo Hyungsoo Lee, was stabbed multiple times in the neck during a court session in Seoul. This shocking attack occurred during a trial involving Haru Invest executives accused of embezzling $826 million in cryptocurrency from around 16,000 users.
The assailant, reportedly one of Haru Invest's victims, lunged at Lee from the audience, armed with a small knife. Lee was swiftly transported to the hospital.
Background on Haru Invest Fraud Case: Haru Invest abruptly suspended withdrawals on June 13, 2023, leading to a massive fallout. South Korean prosecutors have since charged three of the firmâs top executives with misappropriating user funds. They allege that from March 2020 to June 2023, these executives falsely promoted the companyâs stability while secretly reinvesting customer deposits into high-risk ventures. Lee was arrested in connection with the case but was released in July, just before the trial.
Rise in Physical Crypto-Related Crimes: This stabbing highlights a worrying trend of physical violence linked to cryptocurrency. Just weeks ago, a gang in Thailand robbed over $2 million in crypto at gunpoint. Other incidents include kidnappings in Ukraine for Bitcoin ransoms and a machete attack in London where thieves forced a victim to transfer $2.5 million in Ether.
As crypto becomes more mainstream, both cyber and physical threats are escalating, underscoring the need for enhanced security measures in the digital asset space.
Stay updated with @Mende !
#crypto #cryptonews #bitcoinnews #blockchain #bitcoin
$BTC
đ BNB Chain has just launched a new cross-chain bridge, partnering with Celer, deBridge, and Stargate to boost interoperability, liquidity, and user experience.
- The bridge aims to grow BNB Chain's stablecoin ecosystem, allowing asset transfers from other blockchains.
- A new liquidity pool will facilitate these transfers, enhancing DeFi product development.
- DeBridge co-founder Alex Smirnov is thrilled, calling it an honor to be a canonical bridge provider.
- This move positions BNB Chain to compete in the stablecoin market, currently dominated by Ethereum and Tron.
Stay tuned for more cross-chain adventures! đ
đ Big news from the Qubic (QUBIC) team! They've just announced a major overhaul of their Quorum-based proof-of-work blockchain. This could mean big things for DeFi, BTC, ETH, and ALTCIONS! đ
đ The rework aims to enhance scalability and security, making QUBIC a more robust platform for decentralized applications. Exciting times ahead for blockchain enthusiasts!
đ With these improvements, we're optimistic about the future market performance. Could QUBIC be the next big thing in the crypto world? Let's discuss in the comments! đŹ
#DeFi #BTC #ETH #ALTCIONS #CryptoNews
Polkadot Decoded Asia 2024, a pivotal event within the Polkadot ecosystem, is set to take place on September 16-17, 2024, coinciding with TOKEN2049 Week in Singapore. This event is expected to gather key stakeholders, developers, and enthusiasts from the Polkadot community to discuss advancements, share insights, and explore future developments within the ecosystem.
The timing of Polkadot Decoded Asia 2024 during TOKEN2049 Week underscores its significance, as TOKEN2049 is a major conference that attracts a global audience interested in blockchain and cryptocurrency innovations. This alignment is likely to enhance networking opportunities and foster collaborations across the broader blockchain landscape.
Attendees can anticipate a comprehensive agenda featuring presentations, panel discussions, and workshops focused on Polkadot's technology, governance, and ecosystem growth. The event aims to provide a platform for knowledge exchange and to highlight the latest projects and use cases within the Polkadot network.
**BNB Chain Launches New Cross-Chain Bridge to Boost Interoperability and Liquidity**
BNB Chain has unveiled a new cross-chain bridge, aiming to enhance network interoperability, liquidity, and user experience. Partnering with Celer, deBridge, and Stargate, this initiative includes a liquidity pool for seamless asset transfers from other blockchains, including stablecoins.
The bridge is part of BNB Chain's strategy to expand its stablecoin ecosystem and develop a broader range of DeFi products. The integration of advanced cross-chain protocols is expected to improve capital efficiency and attract more projects to the network.
This move comes as BNB Chain seeks to compete in the stablecoin market, where it currently holds a 0.2% share compared to Ethereum's 55.7% and Tron's 37.9%. BNB Chain emphasizes that stablecoins are crucial for a robust DeFi ecosystem and aims to offer diverse stablecoin options to meet user needs.
The bridge also addresses user and developer feedback, providing a unified interface for bridging to BNB Chain.