LIVECoinChaser404
@Coin_Chaser
Providing expert insights and analysis on crypto trends and markets.
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Investing in Bitcoin might not make you a millionaire if you're starting with limited funds. While Bitcoin is less likely to see a 500% surge soon, altcoins like $PEPE , $SHIB , and $BONK have the potential for massive growth. For instance, BONK skyrocketed by 8000% in just one year. Now is the time to seize the opportunity and invest in these high-potential coins before it's too late. Take action and invest in PEPE, SHIB, and BONK today!
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Since my last update, smart investors quickly bought up those really cheap AI tokens. In just 2 days, $FET , $AGIX , and others have gone up by more than 25%. If you're thinking of waiting for prices to drop again before buying, you could consider gradually investing in your favorite tokens instead, while keeping an eye on how the market behaves.
Remember, markets go through ups and downs in patterns. Take a step back and look at the bigger picture on the charts.
Remember, markets go through ups and downs in patterns. Take a step back and look at the bigger picture on the charts.
💸 Top 3 Cryptocurrencies to Invest in for 2024 💸
1. $TRX (Tron)**: Currently trading at $0.1363, TRX has experienced a substantial 7450.4% increase from its lowest point. It is the primary token of the Tron blockchain system.
2. $NOT (Notcoin): Currently valued at $0.01487, NOT has surged by 222.1% from its lowest value. It is one of the successful Telegram-based crypto tokens.
3 $AMP (Ampera)**: Priced at $0.004236, AMP has risen by 202.2% from its lowest point. It is the primary token of a DeFi protocol.5. **NOT (Notcoin)**: Currently valued at $0.01487, NOT has surged by 222.1% from its lowest value. It is one of the successful Telegram-based crypto tokens.Remember to conduct thorough research and follow market trends before investing in any cryptocurrency.
1. $TRX (Tron)**: Currently trading at $0.1363, TRX has experienced a substantial 7450.4% increase from its lowest point. It is the primary token of the Tron blockchain system.
2. $NOT (Notcoin): Currently valued at $0.01487, NOT has surged by 222.1% from its lowest value. It is one of the successful Telegram-based crypto tokens.
3 $AMP (Ampera)**: Priced at $0.004236, AMP has risen by 202.2% from its lowest point. It is the primary token of a DeFi protocol.5. **NOT (Notcoin)**: Currently valued at $0.01487, NOT has surged by 222.1% from its lowest value. It is one of the successful Telegram-based crypto tokens.Remember to conduct thorough research and follow market trends before investing in any cryptocurrency.
Top Five Meme Coins on Binance to Watch Before the Next Market Upswing
1. **Dogecoin ($DOGE )**: As the original meme coin from 2013, Dogecoin enjoys a strong community and often leads price surges during bullish phases. With a substantial market cap of $15.74 billion, it remains the largest meme coin, solidifying its leadership in the sector.
2. **Shiba Inu ($SHIB )**: Launched in 2021, Shiba Inu has rapidly gained traction due to its vibrant community and significant hype. Holding a market cap of $4.7 billion, it is the second-largest meme coin on Binance, driven by its active community and continuous developments.
3. **Pepe Coin ($PEPE )**: Inspired by the cultural icon Pepe the Frog, this newer coin shows promising growth potential. With a market cap of $481.77 million, Pepe Coin appeals to a niche community and cultural trend, positioning itself for future growth.
4. **Floki Inu (Floki)**: Named after Elon Musk's dog, Floki Inu gained popularity in 2021 and continues to attract investor interest. With a market cap of $299.39 million, it is a smaller but dynamic player in the meme coin market, supported by unique branding and community backing.
5. **BONE ($BONE)**: Part of the Shiba Inu ecosystem, BONE functions as a governance token, allowing holders to participate in community decisions. With a market cap of $60.2 million, it plays a vital role within its ecosystem, offering growth potential alongside the broader Shiba Inu community expansion.
In summary, these meme coins vary in market capitalization and community engagement, making them intriguing options for investors in the meme coin market. While Dogecoin and Shiba Inu lead with their established positions and significant market caps, Pepe Coin, Floki Inu, and BONE offer unique value propositions and potential for growth.
#Write2Earn! #BinanceTournament! #Megadrop #TipMeAndRich #Top_Gainers
1. **Dogecoin ($DOGE )**: As the original meme coin from 2013, Dogecoin enjoys a strong community and often leads price surges during bullish phases. With a substantial market cap of $15.74 billion, it remains the largest meme coin, solidifying its leadership in the sector.
2. **Shiba Inu ($SHIB )**: Launched in 2021, Shiba Inu has rapidly gained traction due to its vibrant community and significant hype. Holding a market cap of $4.7 billion, it is the second-largest meme coin on Binance, driven by its active community and continuous developments.
3. **Pepe Coin ($PEPE )**: Inspired by the cultural icon Pepe the Frog, this newer coin shows promising growth potential. With a market cap of $481.77 million, Pepe Coin appeals to a niche community and cultural trend, positioning itself for future growth.
4. **Floki Inu (Floki)**: Named after Elon Musk's dog, Floki Inu gained popularity in 2021 and continues to attract investor interest. With a market cap of $299.39 million, it is a smaller but dynamic player in the meme coin market, supported by unique branding and community backing.
5. **BONE ($BONE)**: Part of the Shiba Inu ecosystem, BONE functions as a governance token, allowing holders to participate in community decisions. With a market cap of $60.2 million, it plays a vital role within its ecosystem, offering growth potential alongside the broader Shiba Inu community expansion.
In summary, these meme coins vary in market capitalization and community engagement, making them intriguing options for investors in the meme coin market. While Dogecoin and Shiba Inu lead with their established positions and significant market caps, Pepe Coin, Floki Inu, and BONE offer unique value propositions and potential for growth.
#Write2Earn! #BinanceTournament! #Megadrop #TipMeAndRich #Top_Gainers
🚨🚨🚨 ALERT: Whales Amass Chainlink ($LINK ): What’s Their Strategy?
Recently, large investors known as whales have been actively purchasing Chainlink ($LINK ), prompting questions about their intentions and potential market impact. On July 14, Lookonchain monitoring revealed that 93 new wallets have collectively withdrawn 12.75 million $LINK from Binance since June 24. This large withdrawal, worth around 167 million US dollars, indicates significant accumulation of LINK by these new wallets.
The reasons behind this accumulation are still speculative. Large-scale movements like this often lead to discussions about possible market manipulation or strategic actions that could influence LINK's market dynamics. Investors and traders are closely watching these developments to understand the potential consequences.
In summary, the substantial LINK withdrawals by these new wallets highlight a notable market trend. As the situation evolves, market participants will be closely observing any further actions by these whales and their potential impact on LINK's price and trading volume.
Recently, large investors known as whales have been actively purchasing Chainlink ($LINK ), prompting questions about their intentions and potential market impact. On July 14, Lookonchain monitoring revealed that 93 new wallets have collectively withdrawn 12.75 million $LINK from Binance since June 24. This large withdrawal, worth around 167 million US dollars, indicates significant accumulation of LINK by these new wallets.
The reasons behind this accumulation are still speculative. Large-scale movements like this often lead to discussions about possible market manipulation or strategic actions that could influence LINK's market dynamics. Investors and traders are closely watching these developments to understand the potential consequences.
In summary, the substantial LINK withdrawals by these new wallets highlight a notable market trend. As the situation evolves, market participants will be closely observing any further actions by these whales and their potential impact on LINK's price and trading volume.
I have recently invested $500,000 in $BTC , anticipating that its value may rise to $70,000. Given current market projections and trends, this investment presents a promising opportunity.
$FET is on an upward trend. Those who took long positions at the recommended time are now seeing good profits, with more potential gains ahead. The $FET /USDT Perpetual pair is currently priced at $1.4802, up 11.44%. Over the past 24 hours, prices ranged from $1.3147 to $1.4859, with trading volumes of 100.16M FET and 141.47M USDT.
For long positions, consider entering around $1.3637, near recent support, with a target of $1.4850. For short positions, an entry at $1.4859, the recent high, with a target of $1.3147 may be advantageous. Monitor the 15-minute to 1-hour timeframes for optimal trading opportunities, as the high trading volume indicates active market participation.
#Fetch_ai #fet.ai #FET #FETUSD #BinanceTurns7
For long positions, consider entering around $1.3637, near recent support, with a target of $1.4850. For short positions, an entry at $1.4859, the recent high, with a target of $1.3147 may be advantageous. Monitor the 15-minute to 1-hour timeframes for optimal trading opportunities, as the high trading volume indicates active market participation.
#Fetch_ai #fet.ai #FET #FETUSD #BinanceTurns7
$DYM Technical Analysis Summary
$DYM is showing signs of upward momentum but is expected to decline if BTC falls. Currently, the $DYM /USDT pair is priced at $1.65, marking a 14.74% increase. Support levels are identified at MA(7) $1.522, MA(25) $1.389, and MA(99) $1.332. In the past 24 hours, the highest price reached was $1.679 and the lowest was $1.397, with substantial trading volumes of 9.08M DYM and 14.03M USDT. For potential long positions, consider entering above $1.679 with a target of $1.700. For short positions, entry below $1.397 targeting support at $1.332 is advised. This analysis suggests opportunities for profitable trades based on current market conditions and trends.
#DYM #marketanalysis.
$DYM is showing signs of upward momentum but is expected to decline if BTC falls. Currently, the $DYM /USDT pair is priced at $1.65, marking a 14.74% increase. Support levels are identified at MA(7) $1.522, MA(25) $1.389, and MA(99) $1.332. In the past 24 hours, the highest price reached was $1.679 and the lowest was $1.397, with substantial trading volumes of 9.08M DYM and 14.03M USDT. For potential long positions, consider entering above $1.679 with a target of $1.700. For short positions, entry below $1.397 targeting support at $1.332 is advised. This analysis suggests opportunities for profitable trades based on current market conditions and trends.
#DYM #marketanalysis.
PEPE Set for Major Movement Ahead 🐸
Following a peak market cap of approximately $7 billion in May, $PEPE underwent a significant 50% correction. Recently, it surged by 10%, reclaiming a market cap above $4 billion and currently trades around $0.0000096.
**Technical Analysis:**
- **Long-term Trend:** Uptrend, trading above the 200-day moving average.
- **Support Levels:** $0.0000078 and $0.000006.
- **Resistance Levels:** $0.0000091 and $0.0000113.
- **Momentum:** Bullish, with the MACD Histogram rising and RSI-14 indicating neutral conditions (neither overbought nor oversold).
With $ETH ETFs anticipated to commence trading soon, this development could positively impact the Ethereum ecosystem, including $PEPE as the second-largest meme coin on the network. Despite trailing behind Shiba Inu ($10.7 billion) and Dogecoin ($DOGE) ($17 billion) in market cap, $PEPE shows potential for robust growth.
Monitor the support and resistance levels closely for potential entry or exit opportunities.
Following a peak market cap of approximately $7 billion in May, $PEPE underwent a significant 50% correction. Recently, it surged by 10%, reclaiming a market cap above $4 billion and currently trades around $0.0000096.
**Technical Analysis:**
- **Long-term Trend:** Uptrend, trading above the 200-day moving average.
- **Support Levels:** $0.0000078 and $0.000006.
- **Resistance Levels:** $0.0000091 and $0.0000113.
- **Momentum:** Bullish, with the MACD Histogram rising and RSI-14 indicating neutral conditions (neither overbought nor oversold).
With $ETH ETFs anticipated to commence trading soon, this development could positively impact the Ethereum ecosystem, including $PEPE as the second-largest meme coin on the network. Despite trailing behind Shiba Inu ($10.7 billion) and Dogecoin ($DOGE) ($17 billion) in market cap, $PEPE shows potential for robust growth.
Monitor the support and resistance levels closely for potential entry or exit opportunities.
Meme Coins Poised for 5X Potential This Week
As the cryptocurrency market turns bullish and Bitcoin approaches $70,000, memecoins are witnessing substantial price surges. Leading memecoins have recorded double-digit gains, reflecting robust market sentiment.
**Pepe Memecoin Breakout**
$PEPE has surged by 26.31% in the past 24 hours, breaking through its resistance trendline. Technical indicators signal ongoing bullish momentum, with potential price targets of $0.00001410 if it maintains above $0.00001150, or a retest of $0.00000880 if a reversal occurs.
**Bonk Memecoin's Resistance Test**
$BONK has risen 10% in the last day, trading within an ascending channel. The RSI indicator indicates sustained bullish strength. A breakout could see Bonk aiming for $0.00003390, while a reversal might lead to a support test around $0.00002125.
#AirdropGuide #BinanceTurns7
**Pepe Memecoin Breakout**
$PEPE has surged by 26.31% in the past 24 hours, breaking through its resistance trendline. Technical indicators signal ongoing bullish momentum, with potential price targets of $0.00001410 if it maintains above $0.00001150, or a retest of $0.00000880 if a reversal occurs.
**Bonk Memecoin's Resistance Test**
$BONK has risen 10% in the last day, trading within an ascending channel. The RSI indicator indicates sustained bullish strength. A breakout could see Bonk aiming for $0.00003390, while a reversal might lead to a support test around $0.00002125.
#AirdropGuide #BinanceTurns7
🔥 Bold XRP Prediction Could Rewrite History 🔥
XRP has seen a modest 0.5% rise to $0.5316 in the past 24 hours, contrasting with a 3.5% increase across the broader crypto market. Despite a 26% decline over the past year, XRP has surged by 22% in the last week and 11% over the past month.
Despite this year's underperformance, XRP is now in the spotlight due to a bold prediction by a self-proclaimed 'prophet' forecasting a future price of $10,000. This prediction, alongside previous accurate forecasts, including a Trump assassination attempt, has generated considerable buzz around XRP.
While investors should approach such predictions cautiously, there are indications that XRP may be poised for a resurgence, especially if Ripple can settle its ongoing SEC lawsuit. Recent large XRP transfers off exchanges suggest that whales may be re-entering the market.
Brandon Briggs, the individual behind the $10,000 prediction, has linked XRP's potential rise to divine vision, comparing its potential appreciation to Apple stock over recent decades. While skepticism exists, these claims have sparked significant enthusiasm within the crypto community.
Given the rising demand, XRP could potentially reach $0.6 in the coming weeks. A favorable SEC-Ripple settlement might even propel it to $1 by year's end. What are your thoughts on these predictions? Are you optimistic about XRP's future?
$XRP #whalealerts #CPI_BTC_Watch $PEPE
XRP has seen a modest 0.5% rise to $0.5316 in the past 24 hours, contrasting with a 3.5% increase across the broader crypto market. Despite a 26% decline over the past year, XRP has surged by 22% in the last week and 11% over the past month.
Despite this year's underperformance, XRP is now in the spotlight due to a bold prediction by a self-proclaimed 'prophet' forecasting a future price of $10,000. This prediction, alongside previous accurate forecasts, including a Trump assassination attempt, has generated considerable buzz around XRP.
While investors should approach such predictions cautiously, there are indications that XRP may be poised for a resurgence, especially if Ripple can settle its ongoing SEC lawsuit. Recent large XRP transfers off exchanges suggest that whales may be re-entering the market.
Brandon Briggs, the individual behind the $10,000 prediction, has linked XRP's potential rise to divine vision, comparing its potential appreciation to Apple stock over recent decades. While skepticism exists, these claims have sparked significant enthusiasm within the crypto community.
Given the rising demand, XRP could potentially reach $0.6 in the coming weeks. A favorable SEC-Ripple settlement might even propel it to $1 by year's end. What are your thoughts on these predictions? Are you optimistic about XRP's future?
$XRP #whalealerts #CPI_BTC_Watch $PEPE
😱🚀🚀 2 Undervalued Altcoins to Buy After Bitcoin Price Explodes
XRP ($XRP )
$XRP has largely missed out on the Q1 crypto bull rally this year, showing a decline of nearly 25% over the past year and 86% from its all-time high. However, as one of the most popular and 7th largest cryptocurrencies, experts anticipate XRP could reach new highs during this bull cycle. Following Judge Analisa Torres' ruling that XRP is not a security and Ripple's sales did not violate the Securities Act, optimism remains high. With the possibility of reduced SEC intervention under a pro-crypto Trump presidency, XRP could emerge as a top performer.
Dogecoin ($DOGE )
Meme coins like #Doge have seen significant demand during this bull cycle, despite being down 83% from its peak. Analysts are confident in Dogecoin's potential to reach $1 this cycle, implying substantial returns for current investors. Elon Musk's endorsement of Donald Trump and discussions of a potential advisory role for Musk in a Trump administration further bolster Dogecoin's prospects. Given Musk's strong support for Dogecoin, expect significant movement as Trump's chances in the White House improve.
#binance #altcoins
$XRP has largely missed out on the Q1 crypto bull rally this year, showing a decline of nearly 25% over the past year and 86% from its all-time high. However, as one of the most popular and 7th largest cryptocurrencies, experts anticipate XRP could reach new highs during this bull cycle. Following Judge Analisa Torres' ruling that XRP is not a security and Ripple's sales did not violate the Securities Act, optimism remains high. With the possibility of reduced SEC intervention under a pro-crypto Trump presidency, XRP could emerge as a top performer.
Dogecoin ($DOGE )
Meme coins like #Doge have seen significant demand during this bull cycle, despite being down 83% from its peak. Analysts are confident in Dogecoin's potential to reach $1 this cycle, implying substantial returns for current investors. Elon Musk's endorsement of Donald Trump and discussions of a potential advisory role for Musk in a Trump administration further bolster Dogecoin's prospects. Given Musk's strong support for Dogecoin, expect significant movement as Trump's chances in the White House improve.
#binance #altcoins
🤯🚀🚀 These 3 Altcoins Could Outperform Solana in 2024
zkSync (ZK) Shows Strength with Bulls Targeting Key Resistance Levels
zkSync ($ZK ) has displayed resilience amid recent crypto market fluctuations. Trading between $0.14 and $0.18, the coin has surged nearly 13% in the past week and an impressive 75% this month. Supported by a 10-day moving average of $0.17, bulls are eyeing resistance levels at $0.20 and $0.23, potentially marking a 35% growth. With an RSI of 61.44 and Stochastic value of 72.36, zkSync appears poised for continued upward movement.
LayerZero (ZRO) Gains Traction for Potential Altcoin Season Breakout
LayerZero ($ZRO RO) has shown remarkable resilience, trading from $3.48 to $4.39 despite recent Bitcoin volatility. It's currently above both 10-day and 100-day moving averages, indicating strong upward momentum. With a monthly increase exceeding 300%, ZRO eyes breaking through $4.91 and targeting $5.83, suggesting a potential 30% rise. Favorable RSI and Stochastic indicators suggest bullish sentiment as altcoin season approaches.
Sei (SEI) Prepares for Bullish Surge Despite Market Challenges
Sei ($SEI I) has demonstrated bullish momentum, fluctuating between $0.27 and $0.37. Despite a recent 17% monthly dip, improving technical indicators signal potential upward movement. With RSI nearing 69 and Stochastic at 82, buying pressure is evident. Breakthrough above $0.41 could pave the way for reaching $0.50, translating to gains between 35% and 85% from current levels. Watch closely as SEI aims to replicate its bullish patterns from 2021.
#AltcoinStrategies
zkSync (ZK) Shows Strength with Bulls Targeting Key Resistance Levels
zkSync ($ZK ) has displayed resilience amid recent crypto market fluctuations. Trading between $0.14 and $0.18, the coin has surged nearly 13% in the past week and an impressive 75% this month. Supported by a 10-day moving average of $0.17, bulls are eyeing resistance levels at $0.20 and $0.23, potentially marking a 35% growth. With an RSI of 61.44 and Stochastic value of 72.36, zkSync appears poised for continued upward movement.
LayerZero (ZRO) Gains Traction for Potential Altcoin Season Breakout
LayerZero ($ZRO RO) has shown remarkable resilience, trading from $3.48 to $4.39 despite recent Bitcoin volatility. It's currently above both 10-day and 100-day moving averages, indicating strong upward momentum. With a monthly increase exceeding 300%, ZRO eyes breaking through $4.91 and targeting $5.83, suggesting a potential 30% rise. Favorable RSI and Stochastic indicators suggest bullish sentiment as altcoin season approaches.
Sei (SEI) Prepares for Bullish Surge Despite Market Challenges
Sei ($SEI I) has demonstrated bullish momentum, fluctuating between $0.27 and $0.37. Despite a recent 17% monthly dip, improving technical indicators signal potential upward movement. With RSI nearing 69 and Stochastic at 82, buying pressure is evident. Breakthrough above $0.41 could pave the way for reaching $0.50, translating to gains between 35% and 85% from current levels. Watch closely as SEI aims to replicate its bullish patterns from 2021.
#AltcoinStrategies
From $27 Investment to $290M: Christopher Koch's Bitcoin Journey
Christopher Koch, a Norwegian student, achieved remarkable success by investing in Bitcoin (BTC) early in its history.
In 2009, while researching encryption for his dissertation, Koch discovered Bitcoin. Intrigued, he decided to gain practical experience by purchasing approximately $27 worth of BTC, which at the time equated to 5,000 tokens.
Despite Bitcoin's nascent status—having emerged in 2008 amid the global financial crisis—Koch took the plunge. However, his enthusiasm wasn't shared by his girlfriend, who dismissed the investment as frivolous. "She thought I was wasting money on nonsense," Koch reminisces.
After completing his thesis, Koch moved on with his life, focusing on career prospects and household responsibilities. During this period, Bitcoin showed no profitability, and Koch eventually forgot about his initial investment.
Years later, Koch stumbled upon a surprising realization: his forgotten 5,000 bitcoins had surged in value to 5 million crowns, approximately $885,000. He promptly withdrew 1.1 million kroner to purchase an apartment, opting to keep the remaining assets invested.
Daily, Koch checked his account, astonished as it grew by 50,000 kroner each day. "Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again," he recalls with disbelief. "Even in my wildest dreams, I could not have imagined that they would soar like this."
Christopher Koch's journey stands as a testament to the potential windfall from early investments in innovative technologies like Bitcoin, showcasing how a modest investment can yield extraordinary returns over time. #ETH_ETF_Approval_23July #BinanceTurns7 #ETH_ETFs_Approval_Predictions #Megagrop #BTC☀
In 2009, while researching encryption for his dissertation, Koch discovered Bitcoin. Intrigued, he decided to gain practical experience by purchasing approximately $27 worth of BTC, which at the time equated to 5,000 tokens.
Despite Bitcoin's nascent status—having emerged in 2008 amid the global financial crisis—Koch took the plunge. However, his enthusiasm wasn't shared by his girlfriend, who dismissed the investment as frivolous. "She thought I was wasting money on nonsense," Koch reminisces.
After completing his thesis, Koch moved on with his life, focusing on career prospects and household responsibilities. During this period, Bitcoin showed no profitability, and Koch eventually forgot about his initial investment.
Years later, Koch stumbled upon a surprising realization: his forgotten 5,000 bitcoins had surged in value to 5 million crowns, approximately $885,000. He promptly withdrew 1.1 million kroner to purchase an apartment, opting to keep the remaining assets invested.
Daily, Koch checked his account, astonished as it grew by 50,000 kroner each day. "Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again," he recalls with disbelief. "Even in my wildest dreams, I could not have imagined that they would soar like this."
Christopher Koch's journey stands as a testament to the potential windfall from early investments in innovative technologies like Bitcoin, showcasing how a modest investment can yield extraordinary returns over time. #ETH_ETF_Approval_23July #BinanceTurns7 #ETH_ETFs_Approval_Predictions #Megagrop #BTC☀
Metaplanet Inc. Continues Aggressive Bitcoin Acquisition Strategy
Metaplanet Inc., a Japanese publicly traded company, shows no signs of slowing down its aggressive Bitcoin purchasing spree, announcing its latest acquisition today. The firm disclosed the addition of another 21.88 BTC to its holdings, bought for 200 million yen, approximately $1.26 million.
Metaplanet has been actively purchasing Bitcoin twice a month since adopting its Bitcoin for Treasury Asset Policy earlier this year. This latest purchase comes amid fluctuating pressures between bearish and bullish sentiments in the Bitcoin market.
By increasing its holdings, Metaplanet now holds a total of 225.611 BTC, acquired at an average price of 9,972,933 yen, totaling 2.25 billion yen or $14.197 million.
Metaplanet's approach to Bitcoin mirrors that of MicroStrategy, demonstrating that any company worldwide can adopt a similar strategy, leveraging BTC's potential without government restrictions.
These acquisitions have contributed to stabilizing Bitcoin's price within the $53,717.38 to $67,188.32 range over the past month.
Will Metaplanet continue its Bitcoin buying spree? With a smaller capital base and profit turnover, Metaplanet's exact motives for heavily investing in Bitcoin remain unclear. However, it's likely the firm will continue expanding its Bitcoin holdings to bolster long-term capital growth.
Interestingly, like MicroStrategy, Metaplanet has issued bonds to fund its Bitcoin purchases, signaling a commitment to accumulating Bitcoin until its investments yield substantial returns.
#BTC☀ $BTC #Bitcoin❗
Metaplanet has been actively purchasing Bitcoin twice a month since adopting its Bitcoin for Treasury Asset Policy earlier this year. This latest purchase comes amid fluctuating pressures between bearish and bullish sentiments in the Bitcoin market.
By increasing its holdings, Metaplanet now holds a total of 225.611 BTC, acquired at an average price of 9,972,933 yen, totaling 2.25 billion yen or $14.197 million.
Metaplanet's approach to Bitcoin mirrors that of MicroStrategy, demonstrating that any company worldwide can adopt a similar strategy, leveraging BTC's potential without government restrictions.
These acquisitions have contributed to stabilizing Bitcoin's price within the $53,717.38 to $67,188.32 range over the past month.
Will Metaplanet continue its Bitcoin buying spree? With a smaller capital base and profit turnover, Metaplanet's exact motives for heavily investing in Bitcoin remain unclear. However, it's likely the firm will continue expanding its Bitcoin holdings to bolster long-term capital growth.
Interestingly, like MicroStrategy, Metaplanet has issued bonds to fund its Bitcoin purchases, signaling a commitment to accumulating Bitcoin until its investments yield substantial returns.
#BTC☀ $BTC #Bitcoin❗
#bitcoin☀️ - price update:
- The overall trend remains bullish on the monthly and weekly charts 📈
- On the daily chart, the price is currently neutral and moving within a bearish channel
- Breaking the $65,200 - $65,000 resistance level is critical.
- We might be approaching a local peak here! 🚨
- Expect a retest of the $60,000 - $59,000 support zone 📉
- Sideways movement within the yellow box is likely for several days or weeks ⏳
Key resistance levels to monitor: 🎯
$65,200 - $69,500 - $72,000
Key local supports: 🎯
$62,900 - $58,500 - $55,800 - $53,500 - $52,000
For the long-term outlook, maintaining weekly prices above $56,000 suggests potential for a new all-time high 📈
A weekly close below $56,000 could lead to a retest of the $50,000 or $48,000 support zones ❗️
Keep a close watch on the yellow zone!
Good trading, everyone! 🐸
What are your thoughts? 👀
#trading #BTC☀ #Bitcoin❗ #BinanceSquareFamily ☀ $BTC
- The overall trend remains bullish on the monthly and weekly charts 📈
- On the daily chart, the price is currently neutral and moving within a bearish channel
- Breaking the $65,200 - $65,000 resistance level is critical.
- We might be approaching a local peak here! 🚨
- Expect a retest of the $60,000 - $59,000 support zone 📉
- Sideways movement within the yellow box is likely for several days or weeks ⏳
Key resistance levels to monitor: 🎯
$65,200 - $69,500 - $72,000
Key local supports: 🎯
$62,900 - $58,500 - $55,800 - $53,500 - $52,000
For the long-term outlook, maintaining weekly prices above $56,000 suggests potential for a new all-time high 📈
A weekly close below $56,000 could lead to a retest of the $50,000 or $48,000 support zones ❗️
Keep a close watch on the yellow zone!
Good trading, everyone! 🐸
What are your thoughts? 👀
#trading #BTC☀ #Bitcoin❗ #BinanceSquareFamily ☀ $BTC