Educational Post
What is Scalping?
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Scalping is one of the quickest trading strategies out there. Scalpers donât try to take advantage of big moves or drawn-out trends. Itâs a strategy that focuses on exploiting small moves over and over again. For example, profiting off of bid-ask spreads, gaps in liquidity, or other inefficiencies in the market.
Scalpers donât aim to hold their positions for a long time. Itâs quite common to see scalp traders opening and closing positions in a matter of seconds. This is why scalping is often related to High-Frequency Trading (HFT).
Scalping can be an especially lucrative strategy if a trader finds a market inefficiency that happens over and over again, and that they can exploit. Each time it happens, they can make small profits that add up over time. Scalping is generally ideal for markets with higher liquidity, where getting in and out positions is relatively smooth and predictable.
Scalping is an advanced trading strategy that isnât recommended for beginner traders due to its complexity. It also requires a deep understanding of the mechanics of the markets. Other than that, scalping is generally more suitable for large traders (whales). The percentage profit targets tend to be smaller, so trading larger positions makes more sense.
đ„đ„Binance will list MiCA-approved stablecoin
Binance exchange announced that it will list the new coin. The platform announced that it will list #Eurite (#EURI ), one of the first stablecoins, permanently on MiCA on Wednesday, August 28.
Binance announced that it will list Eurite (EURI) on Wednesday, August 28 at 10:00 UTC. Eurite, which is pegged to the Euro, the official currency of the #European Union and the MiCA system, will be available for trading in EUR/EURI and EURI/USDT pairs.
EURI deposits have started, while withdrawals will officially start on August 29 at 10 UTC.
Eurite (EURI), which is a permanent coin by the MiCA rules officially fixed for the regulation of cryptocurrencies last year, is also important in terms of the EU's non-compliance.
#binance #stablecoin
3 Tech Stocks With More Potential Than Any Cryptocurrency
Many cryptocurrencies rallied back over the past year as expectations for lower rates drove investors toward speculative investments again. Moreover, the approvals of the first spot price exchange-traded funds (ETFs) for Bitcoin and Ether, Ripple's victory against the U.S. Securities and Exchange Commission (SEC), and Bitcoin's halving in April all brought more bulls back to this segment of the market.
It might be tempting to jump on the crypto bandwagon again, but investors should realize those tokens still mainly trade on market hype instead of sustainable long-term strengths. Instead of placing big bets on the volatile crypto market, it might be smarter to invest that cash in a few high-risk and high-reward plays in the tech sector instead.
I believe these three tech stocks -- AST SpaceMobile (NASDAQ: ASTS), Serve Robotics (NASDAQ: SERV), and Lumen Technologies (NYSE: LUMN) -- have the potential to generate bigger gains than any cryptocurrency over the next few years. Let's find out a bit more about these stocks.
AST SpaceMobile
AST SpaceMobile develops low-earth orbit (LEO) satellites for cellular communications. Unlike SpaceX's Starlink, which provides medium-range coverage through mid-band spectrums, AST's satellites provide lower-band connections which can be directly accessed by every day 2G, 4G, and 5G smartphones across wider regions.
AST SpaceMobile was founded seven years ago and went public by merging with a special purpose acquisition company (SPAC) in 2021. It launched its first BlueWalker 3 prototype satellite for 4G and 5G connections in September 2022, and it secured cellular broadband agreements with AT&T and Verizon Communications this May.
AST has a market cap of $5.2 billion, but it hasn't generated any meaningful revenue yet. That's because investors expect its revenue to soar after it successfully launches its first commercial satellites. It's scheduled to launch its first five commercial Block 1 BlueBird (BB) satellites next month.
Bitcoin (BTC) has begun to recover, sparking renewed interest in its broader ecosystem, with assets like Sats and Ordi leading the way. This surge in BTC's ecosystem is bringing attention to other projects connected to Bitcoin and DeFi, including BADGER.
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BADGER has experienced prolonged market downturns, positioning it near the bottom of the market cycle. However, this project, which is deeply involved in DeFi and the BTC ecosystem, is showing promising signs. With the upcoming launch of cbBTC, a project beneficial for both DeFi and BTC fractals on Ethereum, the potential for BADGER to perform well is increasing. BADGER is fully circulated with a relatively low market cap, making it a prime candidate for significant price movements. Historically, BADGER has seen rapid surges, often multiple times in short periods, underscoring its volatility and potential for gains.
In terms of project progress, BADGER has gained support from Gitcoin, which backs the Grants plan for $BADGER, emphasizing community-driven growth for Bitcoin in DeFi. This support could further enhance its position within the ecosystem, making it a noteworthy contender in the DeFi space.
#BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
Better Cryptocurrency to Buy Right Now: Bitcoin vs. XRP
Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are two very different types of cryptocurrencies. Bitcoin, the world's top cryptocurrency, is often considered a "blue chip" coin that is less volatile than smaller altcoins. XRP, the native cryptocurrency of the Ripple payment platform, is a much smaller token that has largely traded on the drama surrounding a U.S. Securities and Exchange Commission (SEC) lawsuit over the past four years
Over the past 12 months, Bitcoin's price jumped 134% as XRP's price rose 14%. Over the past five years, Bitcoin's price surged 487% while XRP's price climbed 116%. So is it smarter to simply stick with Bitcoin than to bet on XRPs future growth?
The differences between Bitcoin and XRP
Bitcoin is often compared to physical metals such as gold because it's digitally mined through an energy-intensive proof-of-work PoW process. Its miners use powerful ASIC chips to process calculations and earn Bitcoin rewards from its blockchain
That process gets more challenging every four years with scheduled "halvings," which reduce the rewards for mining Bitcoin by half. As of this writing, nearly 19.8 million Bitcoins (out of its maximum lifetime supply of 21 million) have already been mined. But due to the increasing difficulty of mining Bitcoin, experts don't expect the final Bitcoin to be mined until 2140. It's a tightly controlled long-term inflation policy
Bitcoin's blockchain doesn't support smart contracts or decentralized apps (dApps) like the proof-of-stake (PoS) blockchains used by Ethereum, Solana, and Cardano. However, its simple approach to mining, its scarcity, and its increasing adoption for mainstream payments make it more comparable to gold, silver, and other precious metals than many other cryptocurrencies
XRP is a token that was digitally minted instead of mined. Its parent company, Ripple, minted its entire supply of 100 billion tokens prior to its market debut, and it initially locked up 55 million of those tokens in escrow accounts across its blockchain.$SOL
Five Easiest Ways to Make Money with Cryptocurrencies in the 2024 to 2025 Bull Market
Buy and Hold
One of the simplest strategies is to buy promising cryptocurrencies and hold onto them for the long term. Look for projects with strong fundamentals, a clear use case, and a solid team behind them. During bull markets, the prices of these cryptocurrencies tend to increase significantly, allowing investors to realize substantial gains over time.
Staking
Staking involves holding cryptocurrencies in a wallet to support the operations of a blockchain network. In return, stakers receive rewards in the form of additional coins. Many cryptocurrencies offer staking rewards, providing investors with a passive income stream during the bull market.
Lending
Cryptocurrency lending platforms allow users to lend their digital assets to borrowers in exchange for interest payments. This can be a lucrative way to earn passive income during the bull market, as interest rates are often higher than traditional savings accounts.
Trading
Trading cryptocurrencies involves buying and selling digital assets with the aim of profiting from price fluctuations. While it requires more active management and carries higher risks, trading can be highly profitable during bull markets when prices are rising steadily.
Participating in Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs)
ICOs and IEOs are fundraising mechanisms used by cryptocurrency projects to raise capital. By participating in these offerings, investors can purchase tokens at a discounted price before they are listed on exchanges. If the project is successful, the value of the tokens can increase significantly, resulting in substantial profits for early investors.
Happy trading , good luck.
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Crypto Market Has Seen 0 Days of Correction in 2023 & 2024 So Far
Crypto has experienced 62 days of market correction from 2014 to date, which makes up a minor 1.6% of the time during this period. The average crypto market correction across these days was -13.0%, which is just 3 percentage points above the technical cutoff definition for a market correction.
Crypto was hit by the highest number of 18 market corrections in 2018, which is double the next highest 9 days of market correction recorded in 2017. The frequency of crypto market corrections in 2018 was likely due to the volatile bearish conditions then, as crypto cooled off from a bull run that gained the asset class greater mainstream recognition.
Notably, crypto saw 0 days of correction in 2023, as the market consolidated and made a gradual recovery despite a challenging macroeconomic environment. Bitcoin and Ethereum similarly did not experience any days of price correction last year.
While both the global crypto market and Bitcoin have yet to experience any days of correction so far this year, it remains to be seen if that will be the case for the rest of 2024. On the other hand, Ethereum has already seen 2 days of price correction this year, namely -10.1% on March 20 and -10.0% on August 6, 2024.
#bitcoin #BTC
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Five best ways that helped me earn free $1,000 In crypto from BINANCE without any risk
1. Binance Megadrop
Binance Megadrop campaigns are periodic events where users can participate to win free cryptocurrency. To get involved, keep an eye on the Binance announcements for upcoming Megadrop events. Typically, you'll need to complete specific tasks such as trading a certain volume, referring friends, or participating in social media challenges. The rewards can be substantial, offering a great way to boost your crypto holdings.
2. Binance Earn
Binance Earn provides multiple ways to grow your crypto assets, including staking, savings, and liquidity farming. By depositing your cryptocurrencies into Binance Earn, you can earn interest on your holdings. Flexible savings allow you to earn daily interest with the freedom to withdraw anytime, while locked savings and staking offer higher returns for longer commitment periods.
3. Binance Launchpool
Binance Launchpool allows you to earn new tokens simply by staking your existing Binance Coin (BNB) or other supported cryptocurrencies. Each Launchpool project has its own staking period, during which you can stake your tokens and receive rewards in the form of newly launched tokens.
4. Binance Learn and Earn
Binance Learn and Earn is an educational program that rewards you for learning about cryptocurrencies and blockchain technology. By watching videos, reading articles, and completing quizzes, you can earn small amounts of crypto. This initiative not only helps you expand your knowledge but also adds to your crypto wallet.
5. Write2Earn on Binance Square
If you enjoy creating content, Write2Earn on Binance Square is an excellent opportunity. By sharing insightful posts, tutorials, and market analyses, you can earn tips and rewards from the community. The more engaging and valuable your content, the higher your chances of earning substantial crypto rewards.
Here's How a Democratic Victory Could Affect the Cryptocurrency Market
Heading into the final stretch of the 2024 presidential campaign, the Republican Party appears to have the upper hand with pro-crypto voters. Former president Donald Trump has outlined a pro-Bitcoin (CRYPTO: BTC) agenda, even going so far as to proclaim that he wants America to become the "crypto capital of the planet."
In contrast, the Democrats don't appear to be offering much of anything. In fact, there's no mention of "crypto" or "digital assets" anywhere in the 91-page Democratic party platform. The Biden-Harris administration has largely been viewed as anti-crypto, and some of the names that are being floated as potential economic advisors in the Harris-Walz administration are also viewed as skeptical of the cryptocurrency movement. With that in mind, here's how a Democratic victory could impact the cryptocurrency market.
Bitcoin
A Democratic victory could put a cap on just how much higher Bitcoin might go during the current market cycle. Right now, the current consensus is that Bitcoin has the potential to double in price to anywhere from $100,000 to $150,000 by the end of 2025. But that robust forecast, based in part on the assumption of Trump defeating Biden, could change now that a Democratic victory is looking much more likely with Kamala Harris as the party's candidate.
It's not so much that the Harris administration is going to crack down on crypto, or that they are going to adopt anti-Bitcoin policies. It's that they are not planning to do anything new. Unless some new development forces the Harris administration's hand, that means no new comprehensive regulatory framework for crypto, no new tax policies to encourage crypto investing, and no new fiscal policies to stimulate Bitcoin mining.
This last point is worth particular attention, given that the Biden-Harris administration has generally tended to view Bitcoin mining as energy-inefficient and a drag on the nation's power grid. In September 2022, for example, the White House released a comprehensive report.
đâĄInside voluntary renewable energy certificate (REC) market
According to S&P Global's forecast the U.S. voluntary renewable energy certificates (RECs) will grow at a compound annual rate of 15.9% from 2024 to 2033, surpassing the expected 473.1 million compliance credits in 2024.
But what's driving this voluntary #REC momentum?
Reasons:
â Growth of #AI
â Corporate #sustainability goals
â Power demand for #datacenters
â Rising demand for #electrification and fast expansionof clean energy
As we witness the promising growth of voluntary RECs, it's essential to have tools that enhance market #transparency and #accessibility. Our REC trading marketplace,#TraceX, streamlines the process of buying and selling RECs, ensuring ease every step of the way. âĄ
Explore TraceX:
Hong Kong's Bitcoin Spot ETFs Surpass HKD$2B in Assets
Hong Kong's spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, surpassing 2 billion Hong Kong dollars, or approximately $256 million, in assets under management (AUM)
Despite this achievement, the ETFs have experienced a slower start compared to their counterparts in the United States. Upon their launch on April 30, the Hong Kong ETFs attracted a total of $262 million in inflows during their first week; however, most of this amount was committed prior to the official listings. Actual asset inflows during that initial week were a modest $14 million, a stark contrast to the billions that flowed into U.S. spot Bitcoin ETFs when they debuted in January.
Three spot Bitcoin ETFs in Hong Kong saw a net inflow of around 247 BTC in the past week, raising their total holdings to approximately 4,450 BTC. The current AUM for these ETFs now stands at about HK$2.1 billion, equivalent to $269 million
The ETFs managed by China Asset Management and Harvest Asset Management, in collaboration with the digital asset trading platform OSL, account for more than HK$1.3 billion, or $167 million, of this total. The third ETF, which operates independently of OSL, holds HK$776 million, or $99.5 million, representing roughly 42% of the market
The slow uptake of Bitcoin ETFs in Hong Kong can be attributed to a narrower range of options available to investors compared to the 11 offerings in the U.S. market. Despite the potential for growth, many investors in Hong Kong may be hesitant to dive into the cryptocurrency space, preferring to observe from the sidelines initially. This disparity underscores the challenges Hong Kong faces in establishing itself as a global hub for cryptocurrency investments
Industry experts believe that the unique features of Hong Kong's spot Bitcoin ETFs, such as their redemption method, could attract more investors over time. Unlike American spot crypto ETFs, which are limited to cash creations, Hong Kong's ETFs allow for in-kind creations, meaning that actual cryptocurrency.
Bitcoin Double top pattern formed
$BTC continues to maintain its corrective momentum, with the price breaking through the key support level at 64,000 and entering a strong bearish trend, recording a 0.77% decline on the day. However! It's important to note that a Double Top pattern has formed, which theoretically suggests that the price may break the support neckline at 63,569 and continue to correct further.
Notably, the support neckline area at 63,569 is expected to hold for an extended period, as it represents a very strong reaction zone. But! Based on the pattern setup, there is a high probability that we may witness a BREAKOUT - RAPID DECLINE in the near future.
Based on the current model and price action, we identify the key areas as follows:
Resistance zone: 64,000 - 64,800
Support zone: 63,570 - 62,322
Given the current market structure and price action, there is a strong likelihood of capturing a significant corrective move in the market.
#MtGoxRepayments #BinanceLaunchpoolDOGS
#TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
In a recent interview with Tucker Carlson, Telegram CEO Pavel Durov revealed that US security agencies, including the FBI, have been pressuring the messaging app to weaken its encryption and privacy protections. Durov recounted an incident where US agents attempted to recruit a Telegram engineer to gain access to the app's open-source code. He also described personal encounters with FBI agents at airports, who pressured Telegram to implement surveillance-friendly tools.
Durov stressed that these efforts aimed to undermine Telegram's strong encryption. His potential arrest could have significant implications, possibly setting a precedent for how governments interact with tech companies that prioritize user privacy. For more details, watch the full interview on Tucker Carlson's website or YouTube.
$BTC Bitcoin Flirts With $65,000 on Powell Pivot, Streak of ETF Flows
(Bloomberg) -- Bitcoin touched $65,000 for the first time in about three weeks, aided by reviving demand for dedicated US exchange-traded funds amid signs that the Federal Reserve is set to loosen monetary policy.
The largest digital asset rose 1.2% to $65,030 on Monday before dipping back to $64,000 as of 1:35 p.m. in Singapore. The cryptocurrency advanced 7.4% last week, the sharpest increase for such a period since mid-July.
Fed Chair Jerome Powell on Friday gave the clearest indication yet that the central bank is on course to cut benchmark rates from a more than two-decade high, portending a more favorable liquidity backdrop for global markets.
Powellâs signal spurred a $252 million net inflow â the highest in more than a month â into a group of one dozen US spot-Bitcoin ETFs the same day, data compiled by Bloomberg show. The funds have attracted inflows for seven straight days.
âAll eyes are on the Fed,â said Cici Lu McCalman, founder of blockchain adviser Venn Link Partners, adding that a September rate cut may boost Bitcoin.
Unlike the Bitcoin portfolios, a group of US spot-Ether ETFs suffered a net outflow on Aug. 23. Ether was on the back foot on Monday, dropping as much as 1.7%. Other major tokens were little changed.
Toncoin, a token from a blockchain linked to messaging app Telegram, nursed losses after the latterâs co-founder Pavel Durov was detained in France.
--With assistance from Sidhartha Shukla.
#BinanceLaunchpoolDOGS
#ADA Price
Key Levels to Watch for Spike
The Cardano price chart shows a downward trend within a descending channel. The price is currently trading near the upper boundary of this channel, suggesting a potential resistance area around $0.40.
The 50-day EMA (green line) is below the 200-day EMA (black line), reinforcing the bearish trend. However, the price action is currently trying to remain above the 50-day EMA, indicating a possible shift in momentum. The ADA price will likely find resistance around $0.40â$0.42, and the 200-day EMA at $0.4355.
The Chaikin Money Flow (CMF) indicator is positive (0.21), indicating buying pressure. This suggests accumulation is occurring, providing a basis for a potential upward breakout if sustained.
If Cardano price closes above $0.4355 (200-day EMA) with strong volume, it could confirm a longer-term trend reversal, ideal for long-term entry. Potential targets could be around $0.50, 0.60, and $0.70 for long-term gains if the reversal is confirmed.
If the ADA price fails to hold the 50 EMA support, the channelâs midline near $0.35 is a key support level. If the price pushes further downward, it will find lower support around $0.30 at the channelâs lower boundary.
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