Altcoin
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Injective surges by 18% in 7 Days: Is a new ATH of $100 on the horizon?
3min Read
$BTC
Injective has made significant movements over the past 7 days. On weekly charts, INJ has surged by 18% leaving analyst eye a new ATH.Â
Through the X page, the analyst shared his analysis stating that,
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âINJ is finally on the verge of a Falling Wedge Breakout. Once the Falling Wedge successfully breaks out, it could hit the $100 mark in Q4.â
This means that while Injective has been declining in the recent past, the current conditions and price movements prepare the altcoins for historical gains.
#BinanceEarnProgram
What INJ price charts indicate
CryptoFaibiki price analysis predicts the altcoin will reach a new all-time high after recent movements. The question is do other metrics support this analogy?
For starters, the Relative Vigor Index (RVGI) is positive at 0.219 above the signal line. This shows that the closing prices are higher than the opening prices suggesting there is upward market momentum.
This upward movement is further supported by the Directional Movement Index (DMI). At press time, the positive index of 25.4 is above the negative index of 22.8. This shows that the upward movement is relatively strong further.
Looking further, AMBCryptoâs analysis of Coinglass shows long position liquidation has declined for the past 2 weeks. Since the August 5th market crash, long position liquidation has declined from $780k to $72k.
This shows that investors are confident with the altcoinâs future prospects and willing to pay a premium to hold their positions.
Equally, the altcoinâs OI-weighted funding rate is positive as of this writing. This shows that there is increased demand for long positions which is a bullish market sentiment.
Therefore, with a breakout from a descending channel, shows increased market favorability towards INJ. Thus if the current market conditions hold, the altcoin will challenge the next significant resistance level around $25.8 in the short term.
{spot}(INJUSDT)
There May Be a Clear Bullish Signal in These 2 Meme Coins
{future}(1000FLOKIUSDT)
1. Floki (FLOKI):
Floki ($FLOKI) has gained attention recently for its work on RWA (Real World Assets) tokenization, all while riding the memecoin trend. Despite Bitcoin's short-term recovery, FLOKI has continued its upward momentum, reaching a price of $0.0001551. With a 6.67% increase in the last 24 hours, the token has brought its market capitalization to $1.49 billion, with a trading volume approaching $250 million.
2. Bonk (BONK):
{future}(1000BONKUSDT)
Bonk ($BONK), the first dog-themed memecoin on the Solana ecosystem, has shown resilience by quickly recovering from its recent decline. The ongoing memecoin trend within the Solana network has certainly worked in BONKâs favor. With a 1.55% increase in the last 24 hours, BONK is currently priced at $0.0002107, boasting a market capitalization of $1.47 billion and a daily trading volume of $109 million.
Vote For @Technical_Jafar and show your Support.
#JOE has fully realized the bat harmonic pattern that we've envisioned. As we've initially predicted that this token would get rejected in between 61.80%-78.60% from the total retracement, it has exceeded this expectation as it went to 78.60% directly. Upon further review, this key level strongly suggests the price would severely weaken and would be the area of distribution where the price surge would most likely get halted. Albeit, if this key level breaks, we can expect a breakout built upon strong foundation of supports.
Stay wise, trade cautiously.
{future}(JOEUSDT)
{future}(RIFUSDT)
{future}(HFTUSDT)
$JOE $HFT $RIF
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RNDR (Render Token) is a cryptocurrency token that powers the Render Network decentralized rendering platform. Here are some key points about RNDR:$RENDER
_Key Features:_
1. _Decentralized rendering platform_: RNDR enables a decentralized platform for rendering 3D models, videos, and images.
2. _Token-based incentives_: RNDR holders can earn rewards by contributing rendering power to the network.
3. _Decentralized governance_: RNDR has a decentralized governance model for community decision-making.
4. _Rendering services_: RNDR provides rendering services for various industries, including architecture, gaming, and film.
5. _GPU resource sharing_: RNDR enables sharing of GPU resources for efficient rendering.
_Use Cases:_
1. _Decentralized rendering services_
2. _Token-based incentives for contributing rendering power_
3. _Decentralized governance and decision-making_
4. _Rendering for architecture, gaming, and film industries_
5. _GPU resource sharing and utilization_
_Benefits:_
1. _Decentralized and community-driven platform_
2. _Token-based incentives for contributing resources_
3. _Decentralized governance and decision-making_
4. _Access to rendering services and GPU resources_
5. _Potential for value appreciation_
Render Network aims to
Trump-Endorsed Bitcoin Power Play Attacks China's BTC Mining Supremacy
Beijing-based Bitmain Technologies has dominated Bitcoin mining for years, commanding 90% of the worldwide market for specialized computers that power the cryptocurrency's decentralized network.
Bloomberg writes that Bitmain's rule is facing a âunprecedented threatâ from escalating political tensions and the possibility of a Trump presidential return.
Changing US Bitcoin Mining Landscape
Trump altered his mind on crypto throughout his first term. Now, the former president wants Bitcoin âmined, minted and madeâ in the US and suggests a Bitcoin Reserve, calling Bitmain's dominance a national security danger.
This rhetoric and fears that Bitmain's technology may be exploited for spying have allowed Bitmain's developing competitors to advance.
Rajiv Khemani, CEO of California firm Auradine and a Bitmain rival, told Bloomberg that the former president may wish to confront a single dominating Chinese mining business for national security grounds.
After China's crackdown, Bitcoin mining moved to the US, raising questions about who's mining and where the gear comes from.
US Miners Choose Domestic Options
President Joe Biden ordered MineOne, a Chinese mining corporation, to leave and sell a Wyoming site in May due to âforeign-sourced equipmentâ that may permit âsurveillance and espionage activities.â
Although the government has not shown Bitmain's rigs were used for spying, the political backdrop has allowed Bitmain's competitors to benefit.
California-based Auradine raised $80 million in April and shipped its first mining devices in late July. Marathon Digital Holdings, Bitmain's biggest customer, is a stakeholder.
After Price Suppression Rumors, Crypto Founder Calls For Ethereum Foundation Dissolution
In July, Texas-based Core Scientific announced an order from Jack Dorsey's Block, despite Bitmain being one of its largest investors.
#CryptoMarketMoves #LowestCPI2021 #BTC $BTC
{spot}(BTCUSDT)
SOL (Solana) is a cryptocurrency token that powers the Solana decentralized blockchain platform. Here are some key points about SOL:$SOL
_Key Features:_
1. _Fast and scalable blockchain_: SOL enables fast and scalable transactions with low fees.
2. _Proof-of-stake consensus_: SOL uses a proof-of-stake consensus algorithm for secure and energy-efficient transactions.
3. _Decentralized applications (dApps)_: SOL supports the development of decentralized applications (dApps) on its platform.
4. _Smart contract functionality_: SOL enables smart contract functionality for complex transactions and decentralized finance (DeFi) applications.
5. _Growing ecosystem_: SOL has a growing ecosystem of developers, users, and decentralized applications.
_Use Cases:_
1. _Fast and scalable transactions_
2. _Decentralized application (dApp) development_
3. _Smart contract functionality_
4. _Decentralized finance (DeFi) applications_
5. _Gaming and NFTs_
_Benefits:_
1. _Fast transaction times_
2. _Low fees_
3. _Energy-efficient consensus algorithm_
4. _Support for decentralized applications (dApps)_
5. _Growing ecosystem and adoption_
6. _Potential for value appreciation_
Solana aims to create a fast, scalable, and decentralized blockchain platform, with SOL playing a central role in the ecosystem.
Please note that the information available on SOL coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
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đš JUST IN : BREAKING NEWS đš
DOGS PREDICTION đŠŽ
The DOGS token, a meme-inspired cryptocurrency, is set to be listed on Binance, one of the biggest cryptocurrency exchanges, on August 26, 2024, at 12:00 UTC. This event has generated a lot of excitement, with many expecting significant price movements.
âą Total Supply: 550 billion DOGS tokens
âą Initial Circulating Supply: Around 516.75 billion DOGS tokens
âą Trading Pairs: DOGS/USDT, DOGS/BNB, DOGS/FDUSD, and DOGS/TRY
âą Tag: It carries a Seed Tag, which means itâs expected to be highly volatile.
Price Predictions:
1. Market Cap of $800 Million:
âą Expected Price: $0.00145 per DOGS token.
2. Market Cap of $1 Billion:
âą Expected Price: $0.00182 per DOGS token.
Could DOGS List at $0.01?
If DOGS were listed at $0.01, its market cap would start at approximately $5.17 billion. This is a high target, but itâs possible given the current hype.
If Market Cap Grows to $6 Billion: The price could rise to around $0.0116.
If Market Cap Drops: The price might fall below $0.01, depending on market conditions.
Summary:
The listing of DOGS on Binance could see rapid price changes, especially considering its popularity and the current market buzz. If DOGS lists at $0.01, it would need strong community support and favorable market conditions to maintain or increase its value. However, due to its high volatility, prices could fluctuate significantly.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #DOGS
IMX (Immutable X) is a cryptocurrency token that powers the Immutable X decentralized platform for NFTs (non-fungible tokens). Here are some key points about IMX:$IMX
_Key Features:_
1. _Decentralized NFT platform_: IMX enables the creation, trading, and storage of NFTs on a decentralized network.
2. _Token-based incentives_: IMX holders can earn rewards by participating in the platform and providing liquidity.
3. _Decentralized governance_: IMX has a decentralized governance model for community decision-making.
4. _Scalable and secure_: IMX aims to provide a scalable and secure solution for NFTs.
5. _Carbon-neutral_: IMX prioritizes environmental sustainability, aiming to be carbon-neutral.
_Use Cases:_
1. _Decentralized NFT creation and trading_
2. _Token-based incentives for platform participation_
3. _Decentralized governance and decision-making_
4. _Scalable and secure NFT storage_
5. _Carbon-neutral NFT ecosystem_
_Benefits:_
1. _Decentralized and community-driven platform_
2. _Token-based incentives for participation_
3. _Decentralized governance and decision-making_
4. _Scalable and secure NFT solutions_
5. _Carbon-neutral and environmentally sustainable_
6. _Potential for value appreciation_
Immutable X aims to create a decentralized ecosystem for NFTs, with IMX playing a central role in the platform's operations.
Please note that the information available on IMX coin is subject to change, and it's
Hamster Kombat Airdrop Alert! đš
Want to grab some Hamster Kombat tokens? Hereâs how you can qualify for the airdrop:
1. Hold HAM Tokens: Make sure you have HAM tokens in your wallet.
2. **Follow Hamster**: Stay updated by following Hamster on Twitter, Telegram, and other social media.
3. **Join the Community**: Engage with the Hamster community on Telegram, Discord, or other platforms.
4. **Complete Tasks**: Finish all assigned tasks like retweeting, joining groups, and inviting friends.
Each task you complete boosts your chances for airdrop rewards and exclusive benefits. Dive in now and be part of the Hamster Kombat universe! đ
#hamsterkombat24
QUICK (QuickSwap) is a cryptocurrency token that powers the QuickSwap decentralized platform. Here are some key points about QUICK:$QUICK
_Key Features:_
1. _Decentralized exchange (DEX) platform_: QUICK enables decentralized trading of cryptocurrencies.
2. _Token-based incentives_: QUICK holders can earn rewards by providing liquidity and participating in the platform.
3. _Decentralized governance_: QUICK has a decentralized governance model for community decision-making.
4. _Cross-chain compatibility_: QUICK supports multiple blockchain networks.
5. _Liquidity provision and yield farming_: QUICK enables users to provide liquidity and earn yield through farming.
_Use Cases:_
1. _Decentralized trading and exchange_
2. _Token-based incentives for liquidity provision and participation_
3. _Decentralized governance and decision-making_
4. _Cross-chain compatibility and interoperability_
5. _Liquidity provision and yield farming_
_Benefits:_
1. _Decentralized and community-driven platform_
2. _Token-based incentives for participation_
3. _Decentralized governance and decision-making_
4. _Cross-chain compatibility and interoperability_
5. _Liquidity provision and yield farming opportunities_
6. _Potential for value appreciation_
QuickSwap aims to create a decentralized ecosystem that enables decentralized trading, token-based incentives, and decentralized governance, with QUICK playing a central role in the platform's operations.
Please note that the information available on QUICK coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
That's FRONT (Frontier Token). Here are some key points about FRONT:
_Key Features:_
1. _Decentralized finance (DeFi) platform_: FRONT enables decentralized lending, borrowing, and yield farming.
2. _Token-based incentives_: FRONT holders can earn rewards by participating in the platform.
3. _Decentralized governance_: FRONT has a decentralized governance model for community decision-making.
4. _Cross-chain compatibility_: FRONT supports multiple blockchain networks.
5. _Decentralized asset management_: FRONT offers decentralized asset management and investment solutions.
_Use Cases:_
1. _Decentralized lending and borrowing_
2. _Token-based incentives for platform participation_
3. _Decentralized governance and decision-making_
4. _Cross-chain compatibility and interoperability_
5. _Decentralized asset management and investment_
_Benefits:_
1. _Decentralized and community-driven platform_
2. _Token-based incentives for participation_
3. _Decentralized governance and decision-making_
4. _Cross-chain compatibility and interoperability_
5. _Decentralized asset management and investment solutions_
6. _Potential for value appreciation_
Frontier Token aims to create a decentralized ecosystem that enables decentralized finance, token-based incentives, and decentralized governance, with FRONT playing a central role in the platform's operations.
Please note that the information available on FRONT coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
Tuesday Update #56âŒïž Really I'm sorry to say this, but this is what's coming next.. USE Stop Loss đ„Č
â
As predicted in our last update, I mentioned that "Now, there's a possibility of a a small correction BTC towards $62.5k, which could trigger some liquidations around $63400. After that, BTC may pump again to $63k, $63.5k, and $65k." and it has followed this expectation and perfectly hit $62500 yesterday night.
Check previous BTC update how perfectly our previous analysis has played out!
Now, there's a possibility of a a small correction BTC towards $62k, which could trigger some liquidations around $62000 - $61800. After that, BTC may pump again to $62.8k, $63k, and $63.2k.
âïž The price action respected the 4-hour Bearish Fair Value Gap (FVG) and, as anticipated, we saw a rejection that led BTC to pull back into the 4-hour Bullish FVG. The market perfectly retraced to our key support zones around the 50% and 61.8% Fibonacci levels (62.5k-62.3k). This area acted as a strong support, and we're now seeing a small bounce.
đą Moving forward, if BTC can hold above this $62.5 Bullish FVG + 50% Fib and break through the 63.8k resistance again, we could see a push towards the next major resistance around 65.6k. However, if the price struggles to break above this level, a period of consolidation within the current range is likely.
đŽ Keep a close eye on how the price reacts around these levels, especially with the psychological level at 62k still in play. A break below this could signal a deeper correction $58300, so itâs crucial to stay vigilant.
âïž if you like my analysis please do vote đ my rank down... now at 81. please push into above 70 thanks. from today Binance count every casted vote for 2 counts plz vote support me.
BNX (BinaryX) is a cryptocurrency token that powers the BinaryX decentralized platform. Here are some key points about BNX:$BNX
_Key Features:_
1. _Decentralized gaming platform_: BNX enables decentralized gaming, NFTs, and metaverse experiences.
2. _Token-based incentives_: BNX holders can earn rewards by participating in the platform.
3. _Decentralized governance_: BNX has a decentralized governance model for community decision-making.
4. _Cross-chain compatibility_: BNX supports multiple blockchain networks.
5. _Decentralized finance (DeFi) integration_: BNX offers DeFi services like lending and borrowing.
_Use Cases:_
1. _Decentralized gaming and metaverse experiences_
2. _Token-based incentives for platform participation_
3. _Decentralized governance and decision-making_
4. _Cross-chain compatibility and interoperability_
5. _DeFi services like lending and borrowing_
_Benefits:_
1. _Decentralized and community-driven platform_
2. _Token-based incentives for participation_
3. _Decentralized governance and decision-making_
4. _Cross-chain compatibility and interoperability_
5. _DeFi services and integration_
6. _Potential for value appreciation_
BinaryX aims to create a decentralized ecosystem that enables decentralized gaming, NFTs, metaverse experiences, and DeFi services, with BNX playing a central role in the platform's operations.
Please note that the information available on BNX coin is subject to change, and it's essential to stay up-to-date with market trends and regulations. As with any cryptocurrency, it's crucial to conduct thorough research and stay informed before making any investment decisions.
We're Crashing đ
Just kidding.
But that's what I saw in many social media posts during the last few hours.
Therefore, it's once again time to remind people that a pump won't last forever. However, please make sure to put everything into relation.
1âBitcoin: So far, BTC is down only 1.3%. Yes, I was hoping that the 63.5k level would hold. And yes, I would have preferred a continuation to the upside. However, we are talking about -1.3%!!
2âCertainly, altcoins are suffering worse. But again, you have to put it into context. Take $LINK as an example. Since last Tuesday, LINK has pumped more than 22%. Based on the highest close, it is now down 3.4%. Again, I would have loved to see LINK tackling the $13. But, well, this is not a question of if but when.
Therefore, stay relaxed, let the market correct, and go higher afterward.
#DOGSONBINANCE
---$VIDT
{spot}(VIDTUSDT)
**đšVIDT/USDT Perpetual â Catching the Drop Live! đš**
When I first signaled the potential for a drop, the price was at **0.04850 USDT**. Just as anticipated, look at where we are now! The price has dropped by a solid **3%** to **0.04464 USDT**. đ
### **đ Letâs Break It Down:**
- **First Image:**
- The price was hovering at 0.04850 USDT.
- We noticed the formation of a rising wedge, which I highlighted as a potential bearish pattern.
- **Second Image:**
- The price now stands at 0.04464 USDT.
- As predicted, the wedge broke down, resulting in a significant 3% drop. This move shows just how crucial it is to catch these patterns early.
### **đ Key Takeaways:**
- **Early Signals Matter:** My initial signal caught this drop right before it happened, showcasing the power of technical analysis.
- **Market Sentiment:** The bearish sentiment played out perfectly here. Watching for these early signs can help you make informed trading decisions.
### **Whatâs Next?**
Keep an eye on the next support level around **0.03958 USDT**. If this level holds, we might see some consolidation, but if it breaks, expect further downside.
---
**đ Stay tuned for more real-time signals and analyses. Follow me to ensure you donât miss the next big move! đč**
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#Crypto #VIDT #USDT #TechnicalAnalysis #CryptoSignals #MarketUpdates #Trading #PriceAction
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#CryptoMarketMoves
đš U.S. Inflation Data Next Week: Could It Spark Rate Cut Talks? đš
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Next week, all eyes are on the upcoming U.S. inflation report. Why? This data might just push the Federal Reserve closer to considering an interest rate cut. Economists are already speculating on the outcome.
Hereâs the scoop: The Fedâs favorite inflation gauge, the Personal Consumption Expenditures (PCE) price index (excluding food and energy), is expected to rise by only 0.2% in July. This would mark the second consecutive month of minimal increases.
Whatâs more, the three-month annualized rate for core inflation is likely to dip to 2.1%âjust shy of the Fedâs 2% target. This near miss could fuel expectations for a rate cut.
But there's more to the story than just inflation. Consumer spending is also in the spotlight, predicted to climb by 0.5% in July. That might not seem huge, but itâs the strongest gain in four months, showing that consumers are still confident in the economy.
Why does this matter? Steady consumer spending is crucial for economic growth, especially as the Fed tries to bring inflation down to its 2% target without triggering a recession.
Fed Chair Jerome Powell recently hinted at a potential policy shift, expressing confidence that inflation is moving in the right direction. But with inflation cooling, the focus is now shifting to the labor market. The Fedâs dual mandate of managing inflation and employment is back in play, with the job market taking center stage.
Powell also revealed that the Fed is preparing for its first formal review since the pandemic, acknowledging the lessons learned and the need for humility. The goal? To keep the U.S. economy steady while learning from the past.
Stay tunedânext weekâs data could set the stage for the Fedâs next big move. đĄ
#Inflation #FederalReserve #Economy #InterestRates #FedPolicy