Will Notcoin Surge 60% Next Week?
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Notcoinâs price trend has been showing a consistent decline on the daily chart, forming lower highs and hitting a resistance trendline that limits bullish growth. The price has also fallen below the 50-day EMA, indicating a correction.
However, a recent sudden increase in the crypto market hints at a potential bounce for Notcoin. This raises the question of whether a bullish reversal could lead to a breakout rally, pushing the price up to $0.031.
Notcoin Price Analysis and Breakout Potential
With a market cap of $1.442 billion, Notcoin is currently trading at $0.01605, showing an intraday rise of 4.56%.
This bullish reversal hints at a rounding bottom formation that could challenge the overhead resistance trendline.
Additionally, Notcoin appears to be forming an inverted head and shoulders pattern, with the resistance trendline acting as the neckline. This pattern, combined with shifting market sentiment, suggests increasing chances of a breakout.
The intraday bullish engulfing candle further supports the potential for an upward move, countering the previous dayâs decline.
RSI:Â The daily Relative Strength Index (RSI) is below the 50% level, indicating a possible reversal. The sideways trend during the downturn also strengthens Notcoinâs potential for a price increase.
MACD: The MACD and signal lines are moving sideways on the daily chart, with growing chances for a positive crossover. This suggests that momentum indicators are supporting the likelihood of a bull run for Notcoin.
#NOT #altsesaon #TelegramCEO #Notcoin #Toncoin $NOT $BTC $SOL
DOGS Token Listing Price Prediction: What to Expect
Based on recent market trends and analysis, the expected listing price for the DOGS token is projected to be in the range of $0.005 to $0.01. This prediction is informed by the token's trading performance on pre-market platforms, where it recently traded around $0.0055 and reached a peak of $0.007328. The price range reflects a realistic expectation considering the current market conditions, the active support from the Telegram community, and its listings on major cryptocurrency exchanges such as Binance, Bitget, Bybit, OKX
While some optimistic projections suggest that DOGS could reach $0.01 to $0.02, this would depend on several factors, including broader market conditions, the token's adoption rate within the Telegram ecosystem, and successful implementation of its proposed utility. For now, a more conservative and believable estimate for the DOGS token's initial trading price would be around $0.005 to $0.01, with potential for future growth if the project meets its developmental goals and market conditions remain favorable.
Could Dogecoin (DOGE) Surpass Its All-Time High? Analyze Recent Trends and Future Potential.
Recently, Dogecoin has experienced a slight uptrend, with its price hovering around $0.1121, increasing its market value to around $16.3 billion. Its trading volume has also reached around $945 million, indicating an increase in demand. In particular, over the past week, DOGEâs value has increased by over 11 percent, with a 4 percent increase in the last 24 hours. Despite these positive indicators, the token remains well below its all-time high (ATH) of $0.7376 recorded on May 8, 2021, sparking discussions on the reasons for this stagnation.
One of the main challenges for Dogecoin is the cautious and neutral approach that prevails in the cryptocurrency market. This serious perspective has particularly affected #Bitcoin and various altcoins, limiting investor interest and growth potential for tokens like DOGE. Additionally, the increasing competition in the meme coin sector with the entry of new tokens is causing $DOGE to struggle to gain attention in an increasingly crowded space.
The current bear period in the overall crypto market also poses another layer of difficulty for Dogecoinâs price action. While the market was in a bull run, especially during the #ATH period, the current market climate is less favorable, reinforcing the perception that DOGEâs growth is stagnating. Equally important is the lack of recent technological upgrades on the Dogecoin network, which is reducing its appeal in a sector defined by rapid innovation and development.
As the political environment changes with the upcoming US presidential election, attention is being drawn to cryptocurrency regulations. The support of influential figures such as Donald Trump and Kamala Harris in particular seems likely to lead to positive changes in the regulatory environment. Analysts predict that these developments could rekindle interest in #Dogecoin and lead to price increases.
Will Notcoin (NOT) Recent Woes Continue to Drive Holder Exodus?
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The excitement surrounding Notcoin (NOT), a once-promising Telegram-based tap-to-earn project, has significantly declined in recent weeks. This dip in sentiment is likely tied to the tokenâs disappointing price action.Â
Once a top performer among the top 100 cryptocurrencies, NOTâs value has dropped by 30.76%. But instead of buying the dip, the cryptocurrency holders appear to be abandoning the ship.
Investors Flee Notcoin Following Month-Long Decline
On August 19, Notcoinâs price jumped to $0.011. This increase sparked speculation that the token could hold onto the hike. However, BeInCryptoâs on-chain analysis found what led to the short-lived upswing.
According to IntoTheBlock, the average holding time of transacted coins on Notcoinâs network has dropped by nearly 62% over the past week. Additionally, the volume of transacted coins over the last 30 days has declined.
The âCoins Holding Timeâ metric tracks how long a cryptocurrency is held before being sold or transacted. When this metric rises, it suggests holders are reluctant to sell, leading to price stability or growth.
However, the decrease in NOTâs holding time reflects growing selling pressure and diminished confidence in its short-term potential.
Furthermore, blockchain analytics reveal that retail investors arenât the only ones selling NOT. The Bulls and Bears indicator shows more bears than bulls, signaling increased selling activity.
In this context, bulls represent addresses that bought 1% of the total trading volume, while bears are those selling 1% of the volume. If this trend persists, Notcoin may struggle to recover from its 30% decline.
#Nitcoin #altsesaon #TelegramCEO #CryptoNews #NOT $NOT $TON $BTC
This Is How Short-Term Holderâs Exit Could Benefit Notcoin (NOT)
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The price of Notcoin (NOT) may not showcase a bullish momentum that could trigger a rally.
However, it is showing sufficient strength to potentially break through the downtrend.
This could reinvigorate the altcoin with enough strength to breach the three-week-old barrier.
Notcoin Investors Change the Tone
Notcoinâs price has been failing to note a recovery largely because the altcoin has witnessed no considerable bullishness yet. The Moving Average Convergence Divergence (MACD) indicator substantiates the same.
The indicator has been displaying green bars on the histogram, which is a sign of optimism towards recovery. However, the lack of price growth has subdued this hope, although there is just enough momentum to break out of the downtrend potentially.
The reason NOTâs rise was subdued is the broader market cues and the recent surge in short-term investors.
Towards the beginning of last week, short-term holdersâ dominance rose from 24% to 38%.
This is a bad sign as these investors tend to hold for less than a month, making them susceptible to selling.
Their domination above 25% is a bearish signal.
However, on the flip side, it has now dropped to 23%. This change could positively impact the price of the altcoin.
NOT Price Prediction: Rise Ahead
By the looks of it, Notcoinâs price could now initiate a recovery rally, as this downtrend has subdued the altcoinâs rise in the past. A confirmation sign of the initiation of recovery would come once the NOT token manages to flip $0.013 into support.
#Not #not #Notcoin #Memecoins #altsesaon $NOT $TON $BTC
Bitcoinâs Buying Window Closes
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Renowned cryptocurrency analyst Rekt Capital has alerted investors that the favorable period for purchasing Bitcoin (BTC) has ended.
The strategist, known for accurately predicting the 2024 pre-halving market correction, remarked that Bitcoin is close to reclaiming its consolidation range.
Bitcoinâs Downtrend Concludes?
In a recent update on social media platform X, Rekt Capital emphasized Bitcoinâs historical resilience upon re-entering its consolidation range.
The analyst highlighted that this recurring pattern indicates the end of a downward phase and the cessation of discounted buying opportunities. âThe downward deviation has ended. The cheap buying period is over.
Bitcoin is on the verge of confirming the weekly consolidation range,â he stated.Â
Additionally, Rekt Capital pointed out that Bitcoin appears poised to challenge a significant diagonal resistance trend line, which has suppressed its price since March. Overcoming this resistance could lead to a potential upward movement, with a crucial weekly close above $61,500 signaling a breakout.
Can Bitcoin Break $71,500?
At the time of writing, Bitcoin was trading around $64,000, with the analyst believing that BTC has returned to an upward trajectory. Rekt Capital expressed optimism, noting that Bitcoin could sustain this momentum after recuperating from a drop to $48,000 earlier in the month.
Rekt Capital provided a final caution, stating, âThe likelihood of BTC being rejected again at $71,500 is very low.â He highlighted that a close above $64,500 in August would mark the end of the long-term downtrend. The analyst also noted the importance of surpassing lower monthly peaks to definitively break the trend line resistance.
#Bitcoin #BTC #CryptoNews #BrokeDown #Telegramceo $BTC $ETH $SOL
$ANKR /USDT
Certainly! Hereâs a 200-word post on identifying support and resistance levels in trading:
---
**Understanding Support and Resistance in Trading**
Support and resistance levels are fundamental concepts in technical analysis. They represent price points on a chart where an asset tends to stop and reverse its direction. Understanding these levels can help traders make informed decisions.
**Support** is the price level at which an asset tends to find buying interest, preventing the price from falling further. Think of it as the "floor" where demand is strong enough to halt the downward momentum. When the price reaches this level, traders often buy, expecting it to rise again.
**Resistance** is the oppositeâitâs the "ceiling" where selling pressure prevents the price from climbing higher. At this point, traders might sell, anticipating a drop in price.
Traders use these levels to plan entry and exit points. When the price breaks through support, it could signal a further decline. Conversely, breaking through resistance might indicate a continued upward trend. By identifying these levels, traders can set stop-loss orders, take profits, and minimize risks. Mastering support and resistance is essential for anyone looking to navigate the markets effectively.
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This post should be concise yet informative for those interested in trading concepts.#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
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Cardano, Algorand Eyeing Potential Decentralized AI Partnership: Details
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Cardano and Algorand may be close to cementing a sought-after partnership that might see a part of their chains merge.
Since at least last year, Cardano Founder Charles Hoskinson has been sharing a proposal for Algorand to merge as partnerchain. The conversation took a new twist on X recently, with Gary Malouf, the Chief Technology Officer at Algorand, responding in the affirmative.
The Cardano Founder hailed Algorandâs innovative technology in the recent X post.
He said the Proof-of-Stake (PoS) network is fronting a âuseful proof of work tuned to AI inference.â
According to Charles Hoskinson, this combination will likely make Algorand the greatest decentralized AI powerhouse in the industry.
Furthermore, Hoskinson proposed that it would make sense for Algorand to become a partner chain. With his proposition, he sees the Minotaur innovation pushed to its limits.
For reference, the Cardano Partner Chain innovation was introduced in November last year.
It aims to offer Layer 1 protocols an avenue to benefit from Cardanoâs strengths and amplify their uniqueness. This model is related to the Polkadot Parachains. However, it comes with its uniqueness.
The Minotaur innovation combines the strength of PoS and Proof-of-Work (PoW) consensus models. This helps any protocol flourish, regardless of its underlying model.
With the right environment, Algorand may fit positively in with Cardano as a Partner Chain. The respective network leads are now open to the idea.
The duo of Cardano and Algorand were designed to correct the flaws inherent in Ethereum.
#Cardano #Ada #Algorand #CryptoNews #TelegramCEO $ALGO $ADA $XRP
WIF Whale Increases Holdings, Profits Now Exceed $77 Million
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A major Dogwifhat (WIF) investor recently bought 800,556 WIF tokens at $1.92 each, spending 1.54 M USDC.
This purchase brought the whaleâs total holdings to 28 million WIF, now valued at $53.23 million.
The shareholderâs profits have now surpassed $77 million.
Strategic Moves Lead to Huge Gains
The Dogwifhat whale began buying WIF tokens in December 2023. The investor purchased 19.86 million WIF at $0.0114 per token, investing $226,000. This early move set the stage for large gains as the tokenâs value climbed.
In addition, the whale increased holdings significantly by purchasing 17.23 million WIF using 86,738 SOL, worth $8.92 million. The whale also registered the domain âbinance-insider.sol,â showing a deeper involvement in the cryptocurrency world.
Recent Purchases Impact Market
On August 23, 2024, the investor added another 800,556 WIF tokens to their holdings. This was after depositing 21.9 million WIF into Kamino, a decentralized finance platform. The whale borrowed 3.24 million USDC and used 2.7 million USDC to buy 1.8 million more WIF tokens.
These moves increased the whaleâs total holdings to 27.2 million WIF, worth $44.36 million. The investorâs actions have had a noticeable effect on the WIF market, helping drive a 17.69% increase in price over the past week.
Community Reactions and Whatâs Next
The whaleâs ongoing activities have caught the attention of the cryptocurrency community. Crypto School, a well-known voice in the space, identified Dogwifhat as a leading memecoin, noting its strong performance and the importance of the $1.5 price level as key support.
#WIF #DogWifhat #Memecoins #Toncoin #TelegramCEO $WIF $TON $BTC
Bitcoin (BTC) Price Stands Close to $64K, Toncoinâs (TON) Downfall Continues (Weekend Watch) !!
#BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek After tapping $65,000 yesterday, bitcoinâs price actions calmed, and the asset remained relatively still at around $64,000.
The business week started on a negative note for the primary cryptocurrency as it failed to overcome the coveted $60,000 level and the subsequent rejection pushed it south by two grand on Monday. However, it recovered most losses on Tuesday and Wednesday and even attempted a breakout above $60,000 but to no avail, at least until Friday.
Thatâs when the bulls took complete control of the market and propelled an impressive rally that drove bitcoin from around $60,500 to $64,000 before the asset exploded further on Saturday morning to $65,000. Some of the possible reasons behind this notable price surge can be found here.
Nevertheless, BTC failed to maintain its run and retraced by around a grand in the following hours. As of now, it struggles to remain confidently above $64,000. Its market capitalization, though, stands strong at over $1.260 trillion on CG.
Bitcoinâs dominance over the altcoins is also on the run as it has neared 54% once again. Recall that the metric had fallen to 53.3% earlier this week.
TON Slumps Hard
The biggest news in social media and related to the crypto industry in the past 12 hours or so came from France. Local media reported that Telegramâs CEO, Pavel Durov, was arrested after he left his private jet. In the following hours, TONâs price tumbled hard by over 20% now to under $5.4.
Most other larger-cap alts are slightly in the red. ETH, BNB, XRP, ADA, AVAX, SHIB, BCH, and DOT have all produced minor daily losses, while SOL and TRX are with insignificant gains.
The total crypto market cap has shed about $20 billion since yesterday and sits at just under $2.350 trillion on CG.
XRP Unexpected Price Drop Wipes Millions in Volume
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A drop in trading volume was caused by the sudden and severe price drop that XRP recently suffered.
Many traders and investors were taken aback by this abrupt change, which has caused them to worry about the state of the market and XRPâs prospects going forward.
With a nearly 2% decline, the price of the digital asset dropped from $0.61 to about $0.6. The implications are more profound when taking into account the trading volume, which also fell dramatically during this time, even though a 2% decline might not seem disastrous at first.
The weaker weekend trading session when market activity typically tends to be lower could be the cause of the volume decline. But this is not the only thing at work. Its inability to overcome the crucial $0.61 barrier, which has served as a psychological barrier for the asset, is primarily to blame for XRPâs recent difficulties.
Since it presented XRP with its first significant obstacle following its attempt to breakout earlier this year, this resistance level has proven to be a formidable barrier.
There is now more selling pressure as a result of the inability to maintain momentum and break through this crucial level, which has also reduced buying support. As a result of this situation, traders are becoming less confident in the market and are retreating from their positions, which has resulted in the volume decline mentioned earlier.
The marketâs response points to a growing lack of confidence regarding XRPâs ability to overcome the $0.61 barrier and maintain any upward momentum in the near future. The market is keeping a careful eye out for any indications of fresh buying interest as XRP remains close to the $0.60 mark.
#XRP #Ripple #SEC #CryptoNews #TelegramCEO $TON $XRP $BTC
đź Sony Enters the Blockchain Space with Ethereum Layer-2!đź
[Plese don't forget to vote me to day](https://app.binance.com/uni-qr/cpro/imran_raii?l=en&r=104591637&uc=web_square_share_link&us=copylink)
Sony is making a significant move into the blockchain world by launching its own Ethereum Layer-2 network. This innovative step showcases Sonyâs commitment to embracing blockchain technology, which could lead to groundbreaking applications in gaming, digital assets, and beyond. By utilizing Ethereum's Layer-2 solutions, Sony aims to provide faster, more scalable transactions, paving the way for new possibilities in the tech industry.
This development could revolutionize how blockchain technology is integrated into mainstream applications, particularly in entertainment and digital content distribution. Keep an eye on how Sony's entry might influence the blockchain landscape.
đĄ Stay updated with Binance to explore how these technological advancements can impact your crypto journey!
#Sony #Blockchain #Ethereum #BinanceLaunchpoolDOGS #CryptoMarketMoves
Notcoinâs weekend â What to expect from its latest breakout?
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OI spikes over the past month were unsuccessful in the attempt to break the $0.012 resistance
Hike in buying pressure on this breakout attempt meant the chances of success may be higher
The social media engagement behind Notcoin [NOT] has been highly negative since mid-July. In fact, over this period, the altcoinâs value dropped from $0.0174 to $0.118 â A 32% drop.
The losses in early August were much heavier as NOT has pulled itself upwards considerably since then. The token showed positivity in the Futures market, but is this enough to flip the bearish market structure?
The Open Interest has climbed from $83 million to $105 million since Thursday, 22 August. During this period, NOT gained by just over 11% on the charts. Generally, a price and OI hike indicate strong bullish sentiment.
While this is true for the prevailing price move, the recurring pattern in August favored the bears. The strong Open Interest surges on 31 July and on 14 and 19 August were followed by sharp price declines.
This indicated that the earlier OI spikes were fake breakouts past the $0.012 resistance zone.
The funding rate seemed to be steadily climbing to indicate that the long trade was increasingly popular.
The long/short ratio also stood above 2 to signify hefty bullish expectations.
They did not signal a reversal is due or that the market is overextended, but captured the firm bullish sentiment in the Futures market.
Zooming out to the 1-day timeframe, we can see that the market structure was still bearish at press time. The $0.0127-level marks the recent lower high that Notcoin must break to flip the market structure bullishly.
#NOT #Notcoin #TelegramCEO #cRYPTOnEWS #BinanceLaunchpoolDOGS $NOT $BTC $ETH
URGENT UPDATE REGARDING $DOGE $BTC $PEPE
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DOGE (Dogecoin): DOGE is experiencing a decline of 3.05% to $0.10893, indicating a potential correction. To reverse this trend, DOGE must break above the $0.115 level and close above $0.120. Failure to do so could lead to further downside.
 BTC (Bitcoin): BTC is showing a slight decline of 0.53% to $63,900.93. To continue its upward trend, BTC must break above the $65,000 level and close above $66,000. Failure to do so could lead to consolidation.
 PEPE (Pepe Coin): PEPE is facing a minor decline of 0.55% to $0.00000898. To reverse this trend, PEPE must break above the $0.00000950 level and close above $0.00001000. Failure to do so could lead to further consolidation.
KEY LEVELS TO WATCH:
DOGE: $0.105 (support), $0.115 (resistance)BTC: $63,000 (support), $65,000 (resistance)PEPE: $0.00000850 (support), $0.00000950 (resistance)
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#LUNA2USDT đđđđđđđđ
Terra price today is $âŻ0.405075 with a 24-hour trading volume of $âŻ198.75M, market cap of $âŻ303.89M, and market dominance of 0.01%. The LUNA price increased 7.64% in the last 24 hours.
Terra reached its highest price on May 27, 2022 when it was trading at its all-time high of $âŻ18.87, while Terra's lowest price was recorded on Aug 5, 2024 when it was trading at its all-time low of $âŻ0.252361. The lowest price since it's ATH was $âŻ0.252361 (cycle low). The highest LUNA price since the last cycle low was $âŻ0.435058 (cycle high). The Terra price prediction sentiment is currently bullish, while Fear & Greed Index is showing 54 (Neutral).
$LUNA
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Ethereumâs Vitalik Buterin Highlights Big Tech Threats While Advocating Open Source BCI
Vitalik Buterin has recently voiced his major concerns in todayâs technological world via social media. Emphasizing vulnerabilities in centralized identity systems and insecure operating systems, Buterin argues that these issues reflect a major threat that goes far beyond finance. According to Buterin, even if financial decentralization alone is achieved, privacy and security will be at risk unless these fundamental technological problems are addressed. The path to decentralized finance is closely linked to broader technological reform.
Buterin argues that achieving decentralized finance is not enough to create a secure digital environment. He believes that decentralized technologies that can address systemic risks should also be considered. He emphasizes the importance of integrating user privacy into financial transactions, citing scenarios such as privacy-preserving payment methods for VPN services. Buterinâs statements emphasize the need for a holistic approach that includes different aspects of technology in the pursuit of decentralization.
One of the most interesting aspects of Buterinâs recent comments concerns advances in brain-computer interfaces (BCIs). While acknowledging the exciting possibilities of such interfaces, such as the ability to directly decipher language in the brain through a combination of fMRI and artificial intelligence, Buterin also raises important ethical concerns. He warns that proprietary versions of this technology could contain backdoors that compromise mental privacy and leave users vulnerable to monitoring and control.
As we move toward the digital future, Vitalik Buterinâs views remind us of the importance of a multifaceted approach to decentralization. Addressing threats like centralized identity systems and the ethical implications of emerging technologies like BCIs is imperative not only for the health of the financial sector, but also to protect individual privacy.
Popcat (SOL) POPCAT
Despite recording a correction of approximately 3%, the POPCAT price has recorded a jump of 82.86% over the past week and has rewarded its long-term investors with a yearly return of 9,060.79%. With a market cap of $727.87 Million, this altcoin has secured the 89th position.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram with its averages displaying a significant rise. This highlights increased buying-over-selling pressure for the POPCAT price in the crypto market.
If the market continues trading under a bullish sentiment, the Popcat (SOL) price will prepare to test its high of $0.99730. On the flip side, a bearish action could pull the memecoin toward its lower support level of $0.38805 during the upcoming weeks.
#BinanceBlockchainWeek
France Detains Telegramâs Durov, Ignites Diplomatic Row with Russia Over Access Rights đš đ·đș
Pavel Durov, the founder of Telegram, was reportedly detained by French police after allegedly refusing to provide access to his encrypted messaging app, which boasts over 1 billion users globally.
Maria Zakharova commented:
Russia issued a diplomatic note demanding access to Durov, but France regards his French citizenship as his primary one.
Durov holds dual citizenship in Russia and France.
The Russian Embassy in Paris is demanding clarification from France and urging them to safeguard Durovâs rights.
Despite these appeals, France has yet to respond.
#TelegramCEO #BinanceLaunchpoolDOGS
The Simpsons' Astonishing Bitcoin Prediction for 2021!
đđĄ Could The Simpsons once again make a prediction that shakes the cryptosphere? đĄđ In a 2021 episode, the show hinted at a mind-boggling future for Bitcoin, suggesting its value could soar to... infinity! Yes, infinity! đ€Ż
But this isnât the first time the iconic series has surprised us with its visions of the future. Back in 2000, The Simpsons predicted that Donald Trump would become President of the United States, and history confirmed it. And thatâs not all! A few years later, an episode forecasted that Finnish economist Bengt R. Holmstrom would win the Nobel Prize in Economicsâa prediction that came true six years later.
Letâs not forget the famous 1998 prediction where the series mentioned a merger between Fox and Disney, which became reality in 2019 with a $71 billion deal!
With such uncanny predictions, one has to wonder: is Bitcoin truly destined to reach astronomical heights, even infinity? In a world where the value of traditional currencies continues to erode, Bitcoin $BTC might just hold the key to an unprecedented financial revolution.
#Bitcoin
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Dear friends, many #Altcoins in crypto markets have been lost in the dusty pages of history and will continue to be lost. In fact, some have already been lost, so let's always be in assets that can have a long-term story. Let's be careful to find and evaluate assets that can be next to $BTC in a few years. Our crypto-loving investor friends. Because they have an emotional perspective on some cryptocurrencies, they cannot see some facts, and this can cause them to experience big losses. #BeCreative
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Like, comment and SHARE to avoid losing.
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**Technical Analysis Report: $BANANA/USDT**The $BANANA/USDT pair is currently trading below the 200-day moving average, indicating a bearish trend in the medium to long term. The recent price action has seen $BANANA failing to break above key resistance levels around $1.20, suggesting strong selling pressure. The Relative Strength Index (RSI) is hovering around 40, indicating that the asset is in the lower end of the neutral zone but not yet oversold, which could suggest further downside potential.The MACD indicator is showing bearish momentum with the MACD line below the signal line and both trending downward. Support is currently found at $0.85, a level that has held in the past. However, if $BANANA fails to hold this support, the next significant support level lies around $0.70. Volume analysis shows decreasing trading volumes, signaling weakening buying interest. If $BANANA can break above the resistance at $1.20 with strong volume, it may signal a reversal to the upside. Otherwise, the overall outlook remains bearish, with traders advised to exercise caution.#BinanceBlockchainWeek #MACD #USDTfree #VOTEme
In cryptocurrencies, what does mining mean?
I will try to explain mining in very simple terms:
Letâs suppose you (Located in US) and I (Located in India) have a bank account in say HDFC Bank. Hence, HDFC bank is the one (third-party) who maintains our account, balances i.e. our ledger.
Now, I send you 10,000 USD. HDFC Charges us - 2% for this transaction.
HDFC charges us this amount for the following services:
Maintaining our ledger i.e. database.
Providing us service to transfer money from one account to another.
Now, letâs move to cryptocurrencies. Cryptoâs (like Bitcoin) are based on open-source blockchain technology with distributed database which means, their is no third party (like HDFC bank) who manages our ledger. The network is distributed.
The miners are the one who maintain the database of all transactions that happen on bitcoin network. Anyone who has downloaded the copy of all transactions can become a miner. I wonât go into mining pool and all, to keep things simple.
What these miners do? - The miners share their hash power or you could say run an algorithm to confirm/verify transactions that happen on Bitcoin network. For verifying any transaction, they get a fixed reward i.e. Bitcoins. This is how new bitcoins are generated.
I hope this answers your question. Drop a comment if you have any doubts.
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âïž Top Cosmos Projects by Staked Token Value: TIA Leads with $4.68B
Phoenix, a well-known crypto analytics firm, has recently shared the list of top Cosmos-based projects in terms of the cumulative value of staked coins. The list of Phoenix takes into account several names including $TIA, $SEI, $INJ, $ATOM, $SAGA, $DYM, $CRO, $AXL, $FET, and $ZETA. The analytics firm disclosed the details of the respective projects on its official social media account.
đž TIA Leads the Cosmos Crypto Projects Based on Staked Coin Volume
#TIA has dominated Phoenixâs list of top Cosmos-based crypto projects based on the value of staked coins. It has a total staked amount of nearly $4.68 billion worth. Its reward APY stands at 10.7% while its staking ratio has reached 72.9%. Following that, $SEI takes the 2nd position with its total value of staked coins reaching $1.95B. Its reward APY is up to 4.8% and the staking ratio of $SEI has touched 55.3%. The 3rd spot is taken by another prominent project going by $INJ with a cumulative staked value of approximately $1.33B worth.
The reward APY of $INJ has reportedly reached 15.6% with a staking ratio of up to 59.5%. After that, $ATOM obtains 4th place in the above-mentioned list with $1.29B as the cumulative value of its staked coins. It has a reward APY of almost 17.8% with the staking ratio currently standing at 60.0%. The 5th spot is seized by $SAGA with $1.26B as the cumulative amount of its staked tokens.
Along with that $SAGAâs reward APY is nearly 10.3% and the staking ratio is almost 74.2%. $DYM is the 6th project in the list with its cumulative staked value reaching $1.04B. Their reward APY and staking ratios stand at 4.3% and 59.3% respectively. The total staked value of nearly 1.02B worth has placed $CRO in the 7th position, with its staking ratio and reward APY reaching 37.1% and 7.3% respectively.
{spot}(TIAUSDT)