đ **Crypto News Flash!** đ
- A mysterious group of developers has forked the Samourai Wallet code, launching the "Ashigaru Open Source Project" on Sept. 20.
- Ashigaru aims to create user-friendly, secure, and private mobile wallets, emphasizing censorship resistance.
- The project uses public domain code and other crypto projects, promoting private and voluntary commerce.
- The developers, former Samourai Wallet users, have no ties to the original team.
- This comes after Samourai Wallet founders were arrested in April 2024 on money laundering charges.
Stay tuned for more crypto updates! đ
**News Flash: New Crypto Wallet Emerges Amid Controversy**
A mysterious group of developers has launched a new mobile wallet under the "Ashigaru Open Source Project," building on the Samourai Wallet code. Announced on Sept. 20, Ashigaru aims to provide free, open-source software with a focus on security, privacy, and ease of use.
The developers, former users of Samourai Wallet, emphasize the importance of private, censorship-resistant commerce. They have no ties to the original Samourai team, who are currently facing legal issues.
In April 2024, Samourai Wallet founders Keonne Rodriguez and William Hill were arrested for alleged money laundering, involving over $2 billion in unlawful transactions. The DOJ has seized Samourai's assets, and the case is ongoing.
âïž Top 5 TON Tokens Have 29 Million Users: How Much of Those Are Fake?
Recently, the TON blockchain has attracted a lot of attention especially when looking at the user base of its most popular tokens. A total of 29 million addresses are shared by the top five tokens on the TON chain: #TON , USDT, #CATI , #NOT and #DOGS .
With regard to TON, they have 19.39 million, USDT 1.54 million, CATI 1.09 million, NOT 2.86 million and DOGS 5 million. In contrast to PEPE, the leading meme coin on Ethereum with 280,000 addresses, the TON ecosystem obviously has a significant number of wallets.
đž Problem with user count
There is a catch though. The truth is that some of these tokens such as CATI, NOT and DOGS encourage spamming and wallet farming. Even though these numbers may at first glance appear impressive, they might not represent reality.
The top five tokens on the TON chain are TON, USDT, CATI, NOT, DOGS, with 19.39 million, 1.54 million, 1.09 million, 2.86 million, and 5 million addresses on the chain. In comparison, Ethereum's top Memecoin PEPE has only 280k addresses on the chain, which shows the huge number. â Wu Blockchain (@WuBlockchain )
In essence, one individual can create an artificially inflated user count by owning multiple wallets. This means that even though the TON network looks to have a huge user base, a significant percentage of users may be greatly inflated as a result of these farming techniques.
However, because actual users are using TON and USDT for valid reasons, these tokens continue to be extremely popular and frequently used on the network. TON is indeed expanding, but it's important to remember that it still pales in comparison to industry titans like Ethereum and Solana.
đž TON has long way to go
The larger and more established ecosystem of Ethereum is reflected in its total value locked (TVL), which is approximately 100 times larger than that of TON. With TVL figures roughly 10 times higher than TON's, Solana also outperforms TON by a considerable margin.
{spot}(TONUSDT)
SOLUSDT,
1. **Exponential Moving Averages (EMA)**:
- EMA(7) is at **144.161** (yellow line), EMA(25) is at **144.239** (pink line), and EMA(99) is at **145.362** (purple line).
- The price is currently at **143.781**, which is slightly below all three EMAs, indicating a bearish trend in the short to medium term.
2. **Volume**:
- The trading volume seems relatively low compared to prior sessions, which could suggest weaker market participation, especially after a recent downward movement. This often implies a lack of strong buying interest.
3. **Moving Average Convergence Divergence (MACD)**:
- The MACD shows a slight bearish crossover, with the DIF (yellow) below the DEA (purple), and the histogram in the negative territory. This suggests weakening momentum and a bearish bias.
4. **Relative Strength Index (RSI)**:
- RSI(6) is at **37.219**, RSI(12) is at **44.095**, and RSI(24) is at **45.001**.
- The RSI values are below 50, with RSI(6) near 37, indicating that the asset is edging closer to oversold conditions but not quite there yet. There is potential for further downside unless buyers step in.
### Summary:
- **Trend**: The price is below the key EMAs, indicating a bearish trend.
- **Momentum**: The MACD is showing weak bearish momentum, signaling possible continued downward pressure.
- **RSI**: Moving toward oversold territory, which could indicate a potential reversal soon if selling pressure diminishes.
It would be best to watch for stronger volume and a MACD crossover to signal any potential reversal or further downside confirmation.
BTCUSDT,
1. **Exponential Moving Averages (EMA)**:
- EMA(7) is at **63,128.9** (yellow line), EMA(25) is at **63,000.1** (pink line), and EMA(99) is at **62,930.1** (purple line).
- The price is currently around **63,106.9**, slightly above EMA(25) but hovering near EMA(7), indicating some recent consolidation after an upward movement.
2. **Volume**:
- The volume appears relatively stable, but no significant spikes suggest strong momentum either way at this moment. It seems the market is waiting for direction.
3. **Moving Average Convergence Divergence (MACD)**:
- The MACD shows a bullish crossover with the DIF (yellow) above the DEA (purple), but the histogram (green bars) is starting to reduce, which might suggest the bullish momentum is weakening.
4. **Relative Strength Index (RSI)**:
- The RSI(6) is at **50.6**, RSI(12) is at **55.9**, and RSI(24) is at **55.2**.
- These RSI values suggest the market is in a neutral zone, with neither overbought nor oversold conditions. This indicates potential sideways movement or consolidation unless a strong catalyst occurs.
### Summary:
- **Trend**: The price is near the short-term EMAs, showing some consolidation after a recent uptrend.
- **Momentum**: The MACD is still in bullish territory, but there are signs of possible weakening.
- **RSI**: Indicates neutrality, with no extreme buying or selling pressure.
It might be wise to monitor for a clearer trend breakout or a reversal signal, as the market seems to be at a decision point.
DODO: YOUR ULTIMATE GATEWAY TO DIGITAL ASSETS
DODO is the go-to decentralized exchange for effortlessly buying, selling, and creating digital assets. Thanks to its advanced tech, you get fair prices and deep liquidity!
WHY DODO STANDS OUT:
âą For Traders: Competitive pricing with minimal slippage.
âą For Liquidity Providers: Reduced risk of impermanent loss.
âą For Creators: Launch your tokens without the hassle.
DODO & THE MEME COIN EXPLOSIONDODOâs one-click token issuance is a game-changer, making it the hotspot for Meme coin creation.
Itâs fueling the Meme sectorâs rapid growth, drawing in a wave of creators.
DODO'S KEY FEATURES:
âą One-Click Token Creation: Launch your tokens with ease.
âą Self-Initiated Mining: Attract liquidity and earn rewards.
âą Stable Prices: Benefit from stable BTCFi asset prices with the Pegged Pool.
WHATâS NEXT FOR DODO?
With cutting-edge features, strong investor backing, and a low market cap, DODO is set for explosive growth.
Upcoming projects like DODOchain and cross-chain trading are setting it up to be a top player in DeFi!
#DODOEmpowersMemeIssuance
11/NN/SS/TT/AA đ trade_withsania
get free signals âïž
HOW TO FIND A SHORT TRADE::::::
A perfect short entry from a resistance level involves identifying a price point where an asset is likely to reverse after failing to break higher. Hereâs how to execute it:
1: Identify Resistance: Look for a strong, established resistance level where price has previously struggled to move higher (based on historical price action, pivot points, or Fibonacci levels).
2: Wait for Confirmation: Watch for signals like bearish candlestick patterns (e.g., shooting star, bearish engulfing) or price rejection (shadows or wicks) near the resistance level.
3: Volume Confirmation: Ideally, the price rejection should occur with decreasing volume on the approach to resistance, signaling weaker buying pressure.
4: Entry: Once the resistance holds and a bearish signal is confirmed, enter a short position just below the resistance level.
5: Stop Loss: Place a stop loss just above the resistance or recent high to protect against a breakout.
6: Target: Set a take-profit target based on nearby support levels or a risk-reward ratio (e.g., 1:2 or 1:3).
đ„ A disciplined approach and strong confirmation signals improve the likelihood of a successful short trade.
$TAO $PENDLE $BTC #DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #writetowin
{future}(BTCUSDT)
{future}(PENDLEUSDT)
{future}(TAOUSDT)
Bitcoin (BTC) is heating up: Critical comment from experts.
Bitcoin is currently in a long-term uptrend, but it is approaching a critical resistance area in the shorter time frame. According to Crypto World analyst Josh, the Super Trend indicator remains red. Bitcoin is still following a major downtrend and has not yet clearly entered the bull season despite the short-term gains.
The analyst said that Bitcoin is showing signs of forming higher lows, but more is needed for the bull season. A breakout above the $68,000 resistance level would give confidence to both investors and the market.
Bitcoin recently broke out of a previous area that acted as a new support between $60,200 and $61,200. However, BTC is facing resistance between $64,100 and $64,500, and has struggled to break out of this level in the past day. If Bitcoin manages to stay above this level, the next major resistance will be between $67,000 and $68,000. This level is expected to act as a strong resistance based on past price action.
In the event of a short-term pullback, Bitcoin could find support around $63,000, with the main support being between $60,000 and $61,000. The short-term trend remains bullish, but the price could sell off at key resistance levels before resuming its upward trend. In addition, industry-related news flow will play a significant role.
#KIP #KIPprotocol #CryptoDeNostradame #ParrotBambooCrypto
LFG $BNB ANALYSIS đ
BNBUSDT is signaling a potential bearish move after a trendline breakout, with a Change of Character (CHoCH) pointing to a shift in market direction. Key levels to keep an eye on:
Support: $566, $563
Resistance: $587, $590
đ RSI sits at a neutral 50.49, and the formation of a lower high, alongside the descending trendline, adds to the bearish sentiment.
Trade ideas:
đ Short-term: Look for sell opportunities targeting $563 & $558.
đ Long-term: Buy the dips, with targets at $600 & $620.
đ Bearish Sentiment: 60%
đ Bullish Sentiment: 40%
$BNB #DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #Write2Earn!
{future}(BNBUSDT)
$BNB is navigating a bullish trend, as indicated by the recent chart movements. After peaking at 590, the price has cooled down to 583.7, with the 24-hour low touching 577.1. The convergence of the MA7 and MA25 suggests that downward pressure could be on the horizon.
Although $BNB briefly touched 590, it's struggling to sustain those gains. Support is likely around 578, with resistance still holding at 590. Traders should stay cautious and watch for volume changes, as well as monitor key support levels for any potential shifts.
$BNB #DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #Write2Earn!
$BNB THE ORDER BOOK PRINCIPLE EVERY TRADER MUST KNOW
*(VERY IMPORTANT)
{future}(BNBUSDT)
đ
Have you ever wondered how crypto buying & selling really works on an exchange? Let me explain the vital role of the order book in this entire process.
Imagine the market as a human body with the order book as a beating heart, where the supply and demand meet. On every exchange platform, be it crypto or stocks, there is this order book, a dynamic list of buy & sell orders for a specific currency pair, such as BNB/USD or ETH/ USD.
So on one side we have the buy orders, where traders indicate how much they're willing to pay for a certain quantity of that crypto. On the other side we have the sell orders, where they specify the price at which they're willing to sell the crypto currency.
đȘ Now imagine you want to buy BNB. You check the order book and see that some people are willing to sell at a particular price, and others are willing to buy at another price. When the price at which you are willing to buy meets the price at which someone is willing to sell, a transaction occurs automatically. And congratulations you're the owner of that crypto.
This order book is constantly updated in real time, every time a new order is placed. It gives us an instant view of the market dynamics, allowing us to make informed decisions about our trades.
đ« Cautionary Measure
Beware that the order book can be manipulated. Some traders may place false orders to influence the market, a practice also known as "SPOOFING". It is illegal and widely practiced and poorly regulated in the crypto market.
Always remember you're in a market that resembles a forest, so forest laws apply.
Please feel free to share your opinions in the comments section.
If you find it useful, feel free to like and share as much as possible. Also follow me for more such content and other updates on crypto.
#BnbAth #BNBToken