đš Whale in Loss: ETH Sell-off!
A whale just deposited 8,825 $ETH ($24M) to Binance 32 minutes ago, likely to sellâtaking a hit with a loss of $3.96M!
This whale previously bought 8,825 $ETH for $27.96M at an average price of $3,169 from Binance between July 27 and August 3, before the market crash.
đ Address: 0x75Ba13D7d2E0B7fc0B3e2b2038209FCc778bC62f
#ETH $ETH
{future}(ETHUSDT)
đ¶đ Happy International Dog Day: Dog Meme Tokens May See Volatility đ
$DOGS $DOGE $TON đ‎ïžđȘ
{spot}(TONUSDT)
{spot}(DOGEUSDT)
{spot}(DOGSUSDT)
Today, August 26th, marks International Dog Day, a celebration of our furry friends and companions.
In the cryptocurrency world, this day may bring increased attention to dog-themed meme tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and others. As a result, these tokens might experience price volatility due to sentiment-driven trading and increased investor interest.
đŸ Factors contributing to potential volatility:
- Social media buzz: Expect a surge in dog-themed content, driving up engagement and interest in dog meme tokens.
- Influencer mentions: Whales and influencers may promote their favorite dog tokens, impacting prices.
- Community sentiment: Positive emotions and enthusiasm for International Dog Day may lead to increased buying pressure.
đ Trading considerations:
- Meme tokens are highly volatile and subject to rapid price fluctuations.
- Market sentiment can shift quickly, leading to potential price drops.
- Investors and traders should exercise caution and monitor market movements closely.
đ¶ Trading tips:
- Set clear trading goals and risk management strategies.
- Keep emotions in check and avoid impulsive decisions.
- Stay informed about market trends and news.
Remember, International Dog Day is a celebration of our canine companions, but it's essential to approach trading with a clear head and responsible strategies. Enjoy the festivities, and happy trading! đŸđž
BTC Breakout: What's Next?
Going back to our last post, $BTC crushed all our targets. Right now, it broke the range in the 1-hour timeframe, so we're going to move to a higher timeframe and look for another opportunity.
[Last Post](https://www.binance.com/en/square/post/12433977463362)
In the 4-hour timeframe, it was still within our inside Fibonacci range and respecting our levels. Where is $BTC? It's inside our golden zone, 64.2k - 61.3k. What should we look for in this case? Most of the time, there are many rejections both ways, but if we manage to break the above, we can see a possible continuation, the same if it breaks to the downside.
4H Time Frame Chart: https://www.tradingview.com/x/QSJfTSvi/
In the 1-day timeframe, we are seeing a possible diagonal resistance starting from 71.7k - 68.3k - 65.5k. We see BTC becoming weaker and weaker as it approaches that area, showing the strength of sellers. If we're looking for a possible reversal area or for BTC to reach the 61.3k level before a continuation, it's the same for the 50-MA. In the 1-day timeframe, if it's confirmed that BTC is going to get back in range, it's the same level as the bottom range, which is 59.1k.
$BTC
{future}(BTCUSDT)
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#BinanceTurns7
Polymarket users worried about Durov: How will it affect TON?
Polymarket users, a decentralized blockchain prediction platform, said that the chances of Telegram CEO Pavel Durov being released are low.
According to Polymarket data, the odds of a âyesâ bet if Durov is released by August 31 have dropped to 25 percent. Platform users initially saw the probability of his release as 50 percent. However, the statements of French authorities and the judicial process have put Durov and TON in a difficult position.
Pavel Durov was arrested over the weekend as part of a preliminary police investigation into allegations that he had authorized various crimes. It is alleged that criminal activity was allowed to continue unabated on Telegram. The platform called the allegations âabsurdâ on Sunday.
Durov holds citizenship in France, the UAE, Russia and Saint Kitts and Nevis. According to French law, he can be detained for 96 hours, after which a judge must decide whether he can be detained for longer. The French website TF1, which reported the news, said that Durov poses a flight risk because he is a billionaire with a fortune of $15.5 billion, a private jet owner and dual citizenship.
According to an unnamed investigator in the case, TF1, Pavel Durov will be arrested and sent to prison. Telegram, which made a statement in response to the events, said, âIt is absurd to claim that a platform or its owner is responsible for the misuse of that platform.â The ongoing chaos on the part of Telegram and Pavel Durov seems to continue to affect the TON price in the short term.
#TON , which had pushed $7 a few days ago, fell to $4.70 with the news about Pavel Durov. Later, the popular altcoin, which received an upward reaction, jumped above $5.50. TON is finding buyers at $5.67 with a 16.03 percent decrease in the last 24 hours. Persistence above $5.90 could carry the parity back to $7. If negative news continues or #BTC declines, sharp declines towards $4.50 may occur.
Future Analysis: Can PEPE Reach $1?
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Current Data:
- PEPE's Market Cap: Approximately $3.78 billion
- Total Circulating Supply: 420.69 trillion PEPE
Analysis of PEPE Reaching $1:
- Required Market Cap: To reach $1 per PEPE, the market cap would need to be 420.69 trillion PEPE $1, which equals $420.69 trillion.
Likelihood of Reaching $1:
- Comparison: The required market cap of $420.69 trillion is vastly larger than PEPE's current market cap and even surpasses the combined market cap of all cryptocurrencies.
- Context: For perspective, Bitcoin, the largest cryptocurrency, has a market cap of around $500 billion. The global economy itself cannot support a market cap in the hundreds of trillions.
Conclusion:
Given the massive supply of PEPE and the market cap required, it is highly improbable for PEPE to reach $1. Even with significant market shifts, achieving such a price point would be extremely difficult.
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đŻ$BTC
High alert updateđ„
Today, Bitcoin (BTC) is showing signs of consolidation after experiencing a period of upward momentum. The current price is around ,$63,618 , and it appears to be holding steady above key support levels, which could indicate a continued bullish trend.
[Click here for VOTE](https://www.binance.com/en/square/profile/Cryptoexpert2024?ref=797615776&utm_campaign=app_square_share_link&utm_source=copylink) âââ
Potential Scenarios
đ Bullish If Bitcoin breaks above $65,000 with significant volume, it could aim for new highs, potentially reaching đđđđ$68,000đ„ or higher.
đ Bearish If it fails to break resistance and drops below $62,000, we might see a pullback towards $60,000 or lower.
đKey Points:1. Support and Resistance Bitcoin is maintaining a crucial support level around $62,000 to $63,000. If it holds, we could see another push towards the next resistance around $65,000 to $66,000. 2. Market Sentiment The market sentiment remains positive, buoyed by ongoing institutional interest and favorable macroeconomic conditions. The increase in trading volume over the past week supports this bullish sentiment.Given these factors, Bitcoinâs near-term outlook remains cautiously optimistic, but investors should watch key levels closely to gauge the next significant move.$BTC $ETH
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Todayâs Exciting News on Binance đ
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1. Binance Points Rewards:
Binance has introduced a new mission offering users the chance to earn a share of 2 million reward points by completing specific tasks. These points can be exchanged for discounts on trading fees or BNB vouchers, providing active users a fun and lucrative way to boost their earnings.
2. BNB Network Upgrade:
Binance has integrated the eRegon 3 client with the Parlia consensus protocol on the BNB network. This upgrade is designed to enhance performance, accelerate transaction speeds, and lower transaction costs, resulting in an improved user experience. The final version is slated for release in late September.
3. Strong Performance in Gaming and Web3:
Despite a downturn in token prices, Binanceâs H1 2024 report highlights notable growth in the gaming and Web3 project sectors. Investor interest remains high, particularly in artificial intelligence and meme coins.
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#BinanceBlockchainWeek #Launchpool
âFor asset managers, embracing tokenisation is necessary to remain competitive in an increasingly digital landscape: making our ecosystem more efficient, accessible, and interconnected than ever before,â highlights @SchrodersUS, a global asset manager with $978 billion in AUM, in a recent article.
Read on to discover why âa significant shift is underway in the world of financeâ:
đ Arbitrum (ARB) Nears Breakout: Analysts Predict 2x Rally đ
$ARB đ‎ïžđȘ
{spot}(ARBUSDT)
Arbitrum, a popular layer 2 scaling solution, is on the cusp of a significant breakout from its descending channel pattern.
The price has been consolidating within a narrow range of $0.59 and $0.61, setting the stage for a potential surge.
đ Analysts predict a 2x rally if the breakout is confirmed, with market analyst Captain Faibik forecasting a 2x increase within 2-3 months. This would put the price at around $1.20, a substantial gain from current levels.
đ Technical analysis suggests that:
- The descending channel pattern is weakening, indicating a potential breakout.
- The Relative Strength Index (RSI) is oversold, suggesting a bounce is imminent.
- The Moving Average Convergence Divergence (MACD) is showing bullish signals.
đ€ However, it's essential to note that:
- The cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
- Breakouts can be false, leading to a continuation of the downtrend.
đ Traders and investors are closely watching Arbitrum's price action, awaiting confirmation of the breakout. If successful, it could lead to a significant rally, but caution is advised due to market unpredictability.
**Crypto Market Update: Ether Faces Rough Waters**
Ether (ETH) has dropped about 25% against Bitcoin (BTC) since the start of 2024, hitting its lowest in 40 months. The outlook remains bearish, especially with potential Federal Reserve rate cuts in September.
**Key Points:**
- **ETH/BTC and USD Correlation:** The ETH/BTC pair's correlation with the US Dollar Index (DXY) has surged, indicating traders are favoring Bitcoin as the dollar weakens.
- **ETF Impact:** Bitcoin-focused ETFs launched in January 2024 have seen $17.86 billion in inflows, while Ether's ETFs, launched in July, faced $465 million in withdrawals.
- **Dollar Decline:** The US Dollar Index broke key support levels, suggesting a continued downtrend, which could benefit BTC and crypto overall.
- **ETH/BTC Forecast:** A V-top pattern hints at a potential 10% decline for ETH/BTC by September, unless it rebounds from the 0.0427 BTC support level.
Stay tuned for more updates as the market evolves.
XAI/USDT Technical Outlook: Key Levels to Watch
$XAI
{spot}(XAIUSDT)
{future}(XAIUSDT)
The #XAI/USDT pair is currently trading at 0.2233, showing a recent decline after an attempt to break above the 200-period Simple Moving Average (SMA) at 0.2475, which is acting as a significant resistance. The Volume-Weighted Average Price (VWAP) is at 0.2332, indicating that the price is slightly below its average trading level.
RSI (Relative Strength Index): The RSI is currently at 40.65, which is in the bearish zone, suggesting that there is more selling pressure than buying. This indicates a potential continuation of the downtrend unless there is a strong reversal signal.
MACD (Moving Average Convergence Divergence): The MACD shows a bearish crossover with the MACD line below the signal line and a negative histogram, suggesting continued bearish momentum. The histogram is expanding in the negative territory, indicating growing selling pressure.
Bullish Scenario:
If the price manages to recover and break above the 200-period SMA at 0.2475, it could signal a potential bullish reversal towards the next resistance zone around 0.2600. A sustained breakout above this level, especially with increased volume, could push the price higher towards 0.2800 or beyond, confirming a shift to a bullish trend.
Bearish Scenario:
On the downside, if the price fails to hold above the current support level near 0.2200 and continues to decline, it could revisit the lower support zone around 0.2000. A break below this level could confirm a continuation of the bearish trend, targeting further downside towards 0.1800 or lower.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risk and may not be suitable for all investors. Always conduct your own research and consult with a financial advisor before making any trading decisions.
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Educational Post
What is a Carry?
A carry trade is a strategy in which you borrow money in a currency with a low interest rate and invest it in a different currency or asset that offers higher returns. The idea is simple: you seek to profit from the difference between those rates.
While this strategy is primarily used in the world of forex and currency trading, it can also be applied to stocks, bonds, and even commodities.
How Carry Trades Work
Here's how it typically works: You take out a loan in a currency that has low or near-zero interest ratesâthink of the Japanese yen (JPY), which has had low rates for years. Then, you convert that money into a currency with a higher interest rate, like the U.S. dollar. Once you have the higher-yielding currency, you invest it in something like U.S. government bonds or other assets that give you a good return.
For example, if you borrow a yen at 0% and invest it in something that pays 5.5%, you earn that 5.5%, minus any fees or costs. Itâs like turning cheap money into more money (as long as the exchange rates play well).
Why Investors Use Carry Trades
Carry trades are popular because they offer a way to earn a consistent return on the interest rate difference, without needing the value of the investment to increase. This makes them a favorite among large players like hedge funds and institutional investors, who have the tools and knowledge to manage risk.
Often, investors use leverage in carry trades, meaning they borrow much more money than they actually have. This can make the returns much greater â but it also means the losses can be just as great if things donât go as planned.
#LIT/USDT Navigating Current Market Trends
$LIT
{spot}(LITUSDT)
{future}(LITUSDT)
The LIT/USDT pair is currently trading at 0.743, showing signs of consolidation after a recent upward trend. The price is slightly above the 200-period Simple Moving Average (SMA) at 0.669, which is acting as a strong dynamic support, suggesting a bullish sentiment in the medium term. The Volume-Weighted Average Price (VWAP) is at 0.743, indicating that the price is currently at its average trading level, reflecting a balance between buyers and sellers.
RSI (Relative Strength Index): The RSI is currently at 55.46, which is in the neutral-to-bullish zone. This suggests that there is moderate buying pressure, and the market is not yet overbought, leaving room for further upward movement.
MACD (Moving Average Convergence Divergence): The MACD is showing a bullish crossover with the MACD line above the signal line and a positive histogram, indicating bullish momentum. However, the histogram is relatively flat, suggesting the momentum is steady but not strongly accelerating.
Bullish Scenario:
If the price maintains its position above the 200-period SMA at 0.669 and continues to sustain above the VWAP at 0.743, it could signal a potential continuation of the bullish trend towards the next resistance zone around 0.800. A breakout above this level, especially with increasing volume, could push the price towards 0.900 or higher, confirming a strong bullish trend.
Bearish Scenario:
On the downside, if the price fails to hold above the VWAP and the 200-period SMA, it could revisit the lower support zone around 0.700. A break below this level could confirm a bearish reversal, targeting further downside towards 0.600 or lower.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves high risk and may not be suitable for all investors. Always conduct your own research a before making any trading decisions.
#DOGSONBINANCE #BNBChainMemecoins #6thTrade #BecomeCreator
â
Ways To earn Passive Income in cryptođ€
đžEarning a passive income in crypto can be achieved through various methods. đ
[VOTE FoR me And CLaim Ur Free USDT đ€](https://app.binance.com/uni-qr/cpro/Crypto_Psychic?l=en-IN&r=70892612&uc=app_square_share_link&us=copylink)
âšïžđHere are some popular options:đđ
1. Staking: Many cryptocurrencies, like Ethereum, Tezos, and Cardano, offer staking options. You can lock up your coins in a wallet to support the network and, in return, earn staking rewards.
2.Masternodes:Some cryptocurrencies, such as Dash and Zcoin, require you to run a masternode, which involves a significant initial investment and technical knowledge but can provide substantial rewards.
3.Delegated Proof of Stake (DPoS):** In DPoS blockchains like EOS and TRON, you can vote for block producers or super representatives and earn rewards for your votes.
4.Liquidity Provision: Platforms like Uniswap and PancakeSwap allow you to provide liquidity to decentralized exchanges (DEXs) and earn fees in return.
5.Yield Farming: Participate in yield farming protocols that offer high APY (Annual Percentage Yield) by lending or providing assets on various DeFi platforms.
6.Dividend Tokens: Some crypto projects issue dividend tokens, which distribute a portion of their earnings to token holders. Examples include KuCoin Shares (KCS) and BitMax Token (BTMX).
7. Crypto Savings Accounts: Some platforms like BlockFi, Celsius, and Nexo offer interest on your deposited cryptocurrencies.
8.NFT Rentals: If you own non-fungible tokens (NFTs), you can rent them out to other users and earn income from the rental fees.
9.Meme Coins and Deflationary Tokens: Some meme coins and deflationary tokens, like SafeMoon, may offer rewards to holders through tokenomics mechanisms.
10.Airdrops: Keep an eye on new projects and airdrops, as you may receive free tokens that can generate passive income in the future.
consider factors like the project's credibility, the staking or lending terms
$BTC
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**Financial New Era: WikiFX SkyLine Guide Set to Launch**
The foreign exchange market, with its rich history and dynamic nature, continues to evolve with technological advancements and global interconnectedness. This evolution brings both opportunities and challenges, particularly in ensuring the safety and reliability of trading platforms.
WikiFX, a foreign exchange information service platform, is addressing these challenges with the upcoming release of the "WikiFX SkyLine Guide." This guide aims to provide users with authoritative and accurate local brokerage selection lists, akin to a "Michelin Guide" for forex investment.
The first edition of the SkyLine Guide will be launched in Thailand, leveraging WikiFX's extensive experience in the Thai market. The guide will focus on regulatory compliance, historical performance, user habit matching, and local influence of forex brokers.
To ensure credibility, WikiFX has assembled a panel of 100 influential figures in the Thai forex industry, including market research experts, senior traders, and key opinion leaders. The selected brokers will receive WikiFX's certification for a year, symbolizing credibility within the industry.
The launch and award ceremony of the WikiFX SkyLine Guide will take place at WikiEXPO Bangkok on September 7th, marking a significant milestone in promoting transparency and standardization in the forex market. This initiative is expected to foster healthy competition and sustainable development in the Thai foreign exchange market.
đ **Crypto News Flash!**
- **Dogecoin (DOGE) Eyes 77% Breakout!** Analyst Clifton Fx spots a bullish descending wedge pattern, predicting a potential 77% rally. DOGE is up 11.34% this week, trading at $0.114. Keep an eye on this memecoin! đ
- **Artificial Superintelligence Alliance (FET)** launches a $10M innovation lab in San Francisco to support AI startups. FET surged 50.93%, now at $1.26.
- **RCO Finance (RCOF)** hits record inflows amid AI sector revival. Its presale raised $1.55M, with potential gains up to 1,600%!
đŹ Share your thoughts below!