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Can we trust Bitcoin's recent jump? 😱
Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders.
Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual.
On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000.
The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation.
Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns.
What do you think?
#Binance
#crypto2023
Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders.
Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual.
On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000.
The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation.
Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns.
What do you think?
#Binance
#crypto2023
Breaking News- Shiba Inu: Is the burn rate showing signs of improvement?
2min Read
#ShibaInu burn sees mixed burn rates-
As of 22 October, Shiba Inu’s burn statistics revealed a substantial #surge in the token’s burn rate, which reached 53.5% at the time of this report.
This increase in burn rate marked a positive development, particularly in light of the recent decline in the weekly burn rate, which stood at -2.5% as of the same point in time. The negative weekly burn rate indicated a decrease in burns when compared to the previous week.
The heightened daily #burn suggested a potential for the weekly burn rate to improve in the near future. Additionally, factors such as the token’s price may also contribute to enhancing the overall burn rate.
$SHIB veers off the march to bullish trend-
On a daily timeframe, #SHIB displayed a notable trend of three consecutive days of price increases, with the most recent increase exceeding 2%. Nevertheless, at the time of this report, the price trend had stalled, and the asset was trading with a slight loss of less than 1%.
2min Read
#ShibaInu burn sees mixed burn rates-
As of 22 October, Shiba Inu’s burn statistics revealed a substantial #surge in the token’s burn rate, which reached 53.5% at the time of this report.
This increase in burn rate marked a positive development, particularly in light of the recent decline in the weekly burn rate, which stood at -2.5% as of the same point in time. The negative weekly burn rate indicated a decrease in burns when compared to the previous week.
The heightened daily #burn suggested a potential for the weekly burn rate to improve in the near future. Additionally, factors such as the token’s price may also contribute to enhancing the overall burn rate.
$SHIB veers off the march to bullish trend-
On a daily timeframe, #SHIB displayed a notable trend of three consecutive days of price increases, with the most recent increase exceeding 2%. Nevertheless, at the time of this report, the price trend had stalled, and the asset was trading with a slight loss of less than 1%.
$BONK #BONK❓ #BONK/USDT
Recently #BONK. has observed a tremendous popularity and price cascade because of it's association with dog related #Memecoins like $DOGE and $SHIB ; which are also experiencing an impressive #surge .
I told you all to buy at 1324. And it has grown to 2494 gradually.
Those who took the trade are almost in tempting profit and still more to come.
Recently #BONK. has observed a tremendous popularity and price cascade because of it's association with dog related #Memecoins like $DOGE and $SHIB ; which are also experiencing an impressive #surge .
I told you all to buy at 1324. And it has grown to 2494 gradually.
Those who took the trade are almost in tempting profit and still more to come.
LIVEBsPutinArmy
--
$BONK #BONK❓ #BONK/USDT #BonkCoin #Write2Earn #TrendingTopic
🚀 Price Action Update 🚀
If the cryptocurrency market continues to expand in 2024, driven by an anticipated bull run, BONK may reach a wider audience.We're currently witnessing the third largest meme coin by market cap, $BONK has seen an extraordinary increase. With a successful breakout above the 1324 resistance level, we could potentially see a bullish run towards the $1755 - $1775 range.
🎯 Targets 🎯
Our technical analysis shows that our first main target for $BONK tocken will be ranging between 1450 to 1575
Our second main target lies between the range 1600 and 1800, indicating substantial upside potential.
And the full bull market target is projected to be around 2000, representing significant growth opportunities.
Stop loss below 1100
🔮 Outlook 🔮
The increasing demand for NFTs, DeFi, and other crypto innovations, requires high-performance and low-cost blockchain infrastructure. It's definitely worth considering adding this coin to your portfolio. Keep an eye on developments for further insights and do your own research.
Feel free to share your thoughts and insights! 🚀💰
🚀 Price Action Update 🚀
If the cryptocurrency market continues to expand in 2024, driven by an anticipated bull run, BONK may reach a wider audience.We're currently witnessing the third largest meme coin by market cap, $BONK has seen an extraordinary increase. With a successful breakout above the 1324 resistance level, we could potentially see a bullish run towards the $1755 - $1775 range.
🎯 Targets 🎯
Our technical analysis shows that our first main target for $BONK tocken will be ranging between 1450 to 1575
Our second main target lies between the range 1600 and 1800, indicating substantial upside potential.
And the full bull market target is projected to be around 2000, representing significant growth opportunities.
Stop loss below 1100
🔮 Outlook 🔮
The increasing demand for NFTs, DeFi, and other crypto innovations, requires high-performance and low-cost blockchain infrastructure. It's definitely worth considering adding this coin to your portfolio. Keep an eye on developments for further insights and do your own research.
Feel free to share your thoughts and insights! 🚀💰
#write2earn #TronNetwork EMERGES AS LEADING #BLOCKCHAIN FOR $USDT #transfers AMID CRYPTO #surge
$TRX
Tron, the blockchain notorious for its controversies, has found its footing as the preferred network for USDT transactions.
In the midst of a fervent crypto market, Tron, whose native TRX token ranks 12th in the digital asset realm, is witnessing record-breaking daily protocol revenues, hovering around $2 million.
Justin Sun, the enigmatic founder of Tron, proudly announced this significant achievement on X.
Tron distinguishes itself in the crypto landscape by serving as the primary platform for stablecoin transfers. While this underscores its practical utility, Tron faces skepticism and lacks widespread support within the digital asset community. For instance, Circle, the issuer of USDC, the second-largest stablecoin, recently announced its decision to cease support for the Tron blockchain.
Even Ethereum co-founder Vitalik Buterin has voiced criticisms against Tron in the past.
Despite these challenges, Tron boasts the highest number of active users among blockchains, according to data from Coin98.
Like many digital assets, TRX has experienced a surge in 2024, witnessing a 30% increase in value this year, with the token currently priced at $0.14.
$TRX
Tron, the blockchain notorious for its controversies, has found its footing as the preferred network for USDT transactions.
In the midst of a fervent crypto market, Tron, whose native TRX token ranks 12th in the digital asset realm, is witnessing record-breaking daily protocol revenues, hovering around $2 million.
Justin Sun, the enigmatic founder of Tron, proudly announced this significant achievement on X.
Tron distinguishes itself in the crypto landscape by serving as the primary platform for stablecoin transfers. While this underscores its practical utility, Tron faces skepticism and lacks widespread support within the digital asset community. For instance, Circle, the issuer of USDC, the second-largest stablecoin, recently announced its decision to cease support for the Tron blockchain.
Even Ethereum co-founder Vitalik Buterin has voiced criticisms against Tron in the past.
Despite these challenges, Tron boasts the highest number of active users among blockchains, according to data from Coin98.
Like many digital assets, TRX has experienced a surge in 2024, witnessing a 30% increase in value this year, with the token currently priced at $0.14.
Is Solana's Price Surge Linked to Ethereum's Fees and Bonk Airdrops? 📈
The #surge in Solana's SOL price by over 60% in a week to $118 seems driven by Ethereum's spiking gas fees, pushing users towards Solana's lower transaction costs.
This shift led to a 400% increase in active addresses on Solana compared to Ethereum. Additionally, recent #airdrops like Bonk memecoin and rising decentralized exchange volumes on Solana fueled the price hike.
Institutional investment flows into Solana surpassed #Bitcoin and Ethereum, with $14.1 million inflows in December. Despite technical indicators suggesting a potential bearish divergence, if SOL's price fails below $100, it might dip to $66; a rise above $130 could drive it towards $157.50.
#Binance
#crypto2023
The #surge in Solana's SOL price by over 60% in a week to $118 seems driven by Ethereum's spiking gas fees, pushing users towards Solana's lower transaction costs.
This shift led to a 400% increase in active addresses on Solana compared to Ethereum. Additionally, recent #airdrops like Bonk memecoin and rising decentralized exchange volumes on Solana fueled the price hike.
Institutional investment flows into Solana surpassed #Bitcoin and Ethereum, with $14.1 million inflows in December. Despite technical indicators suggesting a potential bearish divergence, if SOL's price fails below $100, it might dip to $66; a rise above $130 could drive it towards $157.50.
#Binance
#crypto2023
Answer me this: Iiis it true ✅ that #marketcap reflects growing investor confidence, and it #signals a prosperous environment for #BULLS ?
No cause if it is, let's look at the crypto market cap increase in the last 4️⃣ months... from 1,08T USD on 01/23 to 1.61T USD of last Friday. It is a 💥 of ~45%. ~40% if you exclude #BTC🔥🔥 , proving the 👑 again. $BTC .
And for a favourite of mine ... $SOL 's #surge from 8.8B USD to 40.8B USD? Shall we talk about that? up to ThreeHundredSixty-something % 💦
$BNB right there!!! with ~40% increase to 46.4B USD. Let's go Binance 🟡 💪
No cause if it is, let's look at the crypto market cap increase in the last 4️⃣ months... from 1,08T USD on 01/23 to 1.61T USD of last Friday. It is a 💥 of ~45%. ~40% if you exclude #BTC🔥🔥 , proving the 👑 again. $BTC .
And for a favourite of mine ... $SOL 's #surge from 8.8B USD to 40.8B USD? Shall we talk about that? up to ThreeHundredSixty-something % 💦
$BNB right there!!! with ~40% increase to 46.4B USD. Let's go Binance 🟡 💪
🔻🔻 Stay updated on ENA news and developments 🔥
ENA has soared by 61.17% in the past 24 hours, surpassing the 0.9 USDT mark.
Considering this rapid increase, it might be a good time to consider selling ENA.
Signal strength: HIGH
Signal time: 2024-04-03 10:32:08 GMT
#ENA #surge #peak #ENAUSDT #SignalAlert
Remember to always do your own research. This isn't financial advice, but rather our perspective on the likely movement of the asset given the current situation.
ENA has soared by 61.17% in the past 24 hours, surpassing the 0.9 USDT mark.
Considering this rapid increase, it might be a good time to consider selling ENA.
Signal strength: HIGH
Signal time: 2024-04-03 10:32:08 GMT
#ENA #surge #peak #ENAUSDT #SignalAlert
Remember to always do your own research. This isn't financial advice, but rather our perspective on the likely movement of the asset given the current situation.
A recent substantial purchase of Ripple’s XRP (XRP) token has been detected by the crypto tracking platform Whale Alert.Whale Alert reported a transfer of 66,666,659 XRP, worth approximately $33,065,809, from Binance to an undisclosed wallet. The move has sparked speculation about its potential price impact.In the XRP ecosystem, there have been recent transfers of substantial amounts of XRP into secure escrow accounts by Ripple. Notably, 300,000,000 XRP, worth roughly $146,927,854, and an additional 500,000,000 XRP, worth roughly $244,748,526, have been placed in escrow. 66,666,659 #XRP (33,065,809 USD) transferred from #Binance to unknown wallet
The moves come amid the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC). Ripple’s legal representatives have recently issued a response to the SEC concerning its appeal against Judge Analisa Torres’ July ruling that XRP is not a security when sold to the general public.Ripple’s legal team argued that the prerequisites for an interlocutory appeal were not met and urged the court to either dismiss the appeal or impose a stay.Related: SEC vs. Ripple: Pro-XRP lawyer urges Clayton, Hinman testimonyXRP has experienced significant increases in use recently, with a seven-month high in on-chain transactions and a three-month peak in circulation. These metrics indicate a rising level of engagement and activity within the XRP ecosystem, potentially stimulating increased demand. While the road to a $1 XRP price remains uncertain, events associated with the XRP ecosystem persist in impacting the token’s price and investor speculation.Magazine: Get your money back: The weird world of crypto litigation
#sparks #speculation #transfers #surge #XRP #Alert #Whale
The moves come amid the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC). Ripple’s legal representatives have recently issued a response to the SEC concerning its appeal against Judge Analisa Torres’ July ruling that XRP is not a security when sold to the general public.Ripple’s legal team argued that the prerequisites for an interlocutory appeal were not met and urged the court to either dismiss the appeal or impose a stay.Related: SEC vs. Ripple: Pro-XRP lawyer urges Clayton, Hinman testimonyXRP has experienced significant increases in use recently, with a seven-month high in on-chain transactions and a three-month peak in circulation. These metrics indicate a rising level of engagement and activity within the XRP ecosystem, potentially stimulating increased demand. While the road to a $1 XRP price remains uncertain, events associated with the XRP ecosystem persist in impacting the token’s price and investor speculation.Magazine: Get your money back: The weird world of crypto litigation
#sparks #speculation #transfers #surge #XRP #Alert #Whale
#CardanoADA s #DeFi ecosystem is booming, with #tvl surging past $440 million, a new all-time high. 💥
The surge in DeFi activity has boosted Cardano's $ADA token price, which is up 17% in 24 hours and 80% in the month.
#surge #DeFiImpact
The surge in DeFi activity has boosted Cardano's $ADA token price, which is up 17% in 24 hours and 80% in the month.
#surge #DeFiImpact
🎨 **Pandora NFT Soars: Floor Price Hits 10 ETH!**
📈 **Impressive Surge:**
- The floor price of Pandora NFT has surged to an impressive 10 ETH, showcasing a remarkable 44.9% increase in the last 24 hours.
🔄 **Active Trading:**
- Trading volume has been dynamic, reaching 97.39 ETH in the past 24 hours, indicating a 21% increase compared to the previous day.
🌐 **OpenSea Insights:**
- Data sourced from OpenSea provides valuable insights into the flourishing activity and heightened demand for Pandora NFTs.
🚀 **Continued Momentum:**
- The substantial rise in floor price and increased trading volume signify sustained momentum in the Pandora NFT market.
🎨 **#TrendingTopic #nftmarket #PANDORA #surge #Write2Earn ** 🚀
📈 **Impressive Surge:**
- The floor price of Pandora NFT has surged to an impressive 10 ETH, showcasing a remarkable 44.9% increase in the last 24 hours.
🔄 **Active Trading:**
- Trading volume has been dynamic, reaching 97.39 ETH in the past 24 hours, indicating a 21% increase compared to the previous day.
🌐 **OpenSea Insights:**
- Data sourced from OpenSea provides valuable insights into the flourishing activity and heightened demand for Pandora NFTs.
🚀 **Continued Momentum:**
- The substantial rise in floor price and increased trading volume signify sustained momentum in the Pandora NFT market.
🎨 **#TrendingTopic #nftmarket #PANDORA #surge #Write2Earn ** 🚀
Can Bitcoin Halving Overcome Seasonal Weakness? 🔥
Crypto trading is hitting a slump, but buckle up for a potential Bitcoin price #surge ! Coinbase says the market craves a new hot topic, but the upcoming Bitcoin halving could light a fire.
However, there's a catch: historically, this time of year chills crypto prices. Will new investors and Bitcoin's "digital gold" status be enough to overcome the #seasonal slump?
One thing's for sure: with more people jumping in, fire #sales might become a thing of the past.
#Binance
#crypto2024
Crypto trading is hitting a slump, but buckle up for a potential Bitcoin price #surge ! Coinbase says the market craves a new hot topic, but the upcoming Bitcoin halving could light a fire.
However, there's a catch: historically, this time of year chills crypto prices. Will new investors and Bitcoin's "digital gold" status be enough to overcome the #seasonal slump?
One thing's for sure: with more people jumping in, fire #sales might become a thing of the past.
#Binance
#crypto2024
Bitcoin Bounces Back: Bulls Back in Charge After Price Surge
#bitcoin #surge #BTC🔥🔥🔥🔥🔥
B#btcitcoin (BTC) has defied recent bearish trends, surging over 4% in the last 24 hours to reclaim the $61,000 mark. This positive movement comes after a rough April, marking what could be a turning point for the world's leading cryptocurrency.
Several factors are credited for the upswing:
Resilient US Labor Market: A stronger-than-anticipated US jobs report bolstered investor confidence, leading to a risk-on sentiment that spilled over to crypto markets.Reduced Tech Stock Woes: Lower expectations for tech stock revenue growth eased pressure on riskier assets like Bitcoin.Slowdown in Bitcoin ETF Outflows: A slowdown in outflows from US spot Bitcoin ETFs suggests a potential pause in investor selling.
Analyst Opinions Are Bullish:
This uptrend has ignited optimism among analysts, with some predicting a Bitcoin run above $100,000.The return to the $60,000 level has even prompted some traders to set ambitious six-figure price targets.
Whales Accumulate During Dip:
Interestingly, data shows that large Bitcoin holders, often referred to as "whales," capitalized on the recent price dip by accumulating over 47,000 BTC. This significant buying spree by whales is seen as a positive indicator for Bitcoin's future.
News Beyond the Price:
The world of Bitcoin continues to see interesting developments beyond just price movements.BlackRock, a leading investment management firm, recently expressed its belief that sovereign wealth funds and pension funds will soon invest in Bitcoin ETFs, potentially bringing a wave of institutional money into the crypto space.However, regulatory hurdles remain, with the US Securities and Exchange Commission (SEC) delaying its decision on a spot Bitcoin ETF application.Is This a Sustainable Rally?
While the recent surge is positive news for Bitcoin bulls, some analysts caution that volatility remains high. Whether this is a short-term bounce or the start of a sustained rally depends on various factors, including future economic data and regulatory actions.
Overall, Bitcoin's recent price action and the surrounding news paint a complex picture. However, one thing is clear: Bitcoin continues to be a dynamic and ever-evolving asset class, making it a captivating space to watch for investors and enthusiasts alike.
B#btcitcoin (BTC) has defied recent bearish trends, surging over 4% in the last 24 hours to reclaim the $61,000 mark. This positive movement comes after a rough April, marking what could be a turning point for the world's leading cryptocurrency.
Several factors are credited for the upswing:
Resilient US Labor Market: A stronger-than-anticipated US jobs report bolstered investor confidence, leading to a risk-on sentiment that spilled over to crypto markets.Reduced Tech Stock Woes: Lower expectations for tech stock revenue growth eased pressure on riskier assets like Bitcoin.Slowdown in Bitcoin ETF Outflows: A slowdown in outflows from US spot Bitcoin ETFs suggests a potential pause in investor selling.
Analyst Opinions Are Bullish:
This uptrend has ignited optimism among analysts, with some predicting a Bitcoin run above $100,000.The return to the $60,000 level has even prompted some traders to set ambitious six-figure price targets.
Whales Accumulate During Dip:
Interestingly, data shows that large Bitcoin holders, often referred to as "whales," capitalized on the recent price dip by accumulating over 47,000 BTC. This significant buying spree by whales is seen as a positive indicator for Bitcoin's future.
News Beyond the Price:
The world of Bitcoin continues to see interesting developments beyond just price movements.BlackRock, a leading investment management firm, recently expressed its belief that sovereign wealth funds and pension funds will soon invest in Bitcoin ETFs, potentially bringing a wave of institutional money into the crypto space.However, regulatory hurdles remain, with the US Securities and Exchange Commission (SEC) delaying its decision on a spot Bitcoin ETF application.Is This a Sustainable Rally?
While the recent surge is positive news for Bitcoin bulls, some analysts caution that volatility remains high. Whether this is a short-term bounce or the start of a sustained rally depends on various factors, including future economic data and regulatory actions.
Overall, Bitcoin's recent price action and the surrounding news paint a complex picture. However, one thing is clear: Bitcoin continues to be a dynamic and ever-evolving asset class, making it a captivating space to watch for investors and enthusiasts alike.
