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We have seen, the history of the NFT market development and how it happened on ETH and other blockchains like SOL and Canto. Now it's BTC's turn... What does history teach us and what is in store for us with ordinals? 📊

➡️ If a project's main advantage is its platform, it will fade over time as attention shifts to new projects and platforms. Any NFT bought solely because it is on a "hype" blockchain will end up rekt.

➡️ Ordinals in general have a lot of potential, but most collections do not have their own uniqueness. You might think that all ordinal collections today would be valuable because they are "early". However, there is little demand for most early NFTs.

↪️ People value relevance 100 times more than historical value.

Just look at the chart of early NFT projects and see how many of them you know. Valuable projects like Cryptopunks and Autoglyphs are exceptions. They were also notable technical innovations.

➡️ The ability to attract attention is the only thing that matters. "Early" and "technologically innovative" are the real agendas that draw attention to some ordinal projects, and they will raise their value to the sky. Outside of that, the money flows where the noise is created.

For example, $PEPE took off because there were 80k owners who benefited from promoting it.

Ordinals tend to be projects with hundreds of holders and they can't compete in a war for attention with other NFT projects that have thousands of holders.

❔ Do you believe that NFT on BTC will be able to overtake ETH in terms of the number of holders?

👍 - Yes

👎 - No

#ETH #NFTS #BTC

In case anyone doesn't know, with the help of the altcoin index, investors determine by how much the growth of the first cryptocurrency differs from its competitors.

The higher the index score, the stronger the gap for altcoins:

0-45 means bitcoin season;

45-55 means parity in growth;

60 and above means a change in trend.

💬 Seasons are cyclical. With the index, investors assess what stage the cryptocurrency markets are in. This information is useful for assessing the likelihood of price movements and opening trades. For example, if the altseasons index is close to a maximum, traders begin to lock in profits and move trades into bitcoin.

#Binance #altseason #crypto2023

In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), Ripple has achieved another victory. The judge overseeing the case denied the SEC's motion to seal documents related to a 2018 speech by former SEC director William Hinman. The judge ruled that these documents are judicial documents subject to public access. Ripple CEO Brad Garlinghouse hailed this decision as a win for transparency. The outcome has been positively received by XRP holders, leading to an 8% surge in XRP prices. A final verdict is expected by summer, with significant implications for the crypto industry and SEC regulation.

#Binance #crypto2023 #xrp

The first five months of 2023 have been nothing short of exhilarating in the world of cryptocurrencies. After a challenging year in 2022, major digital assets have staged an impressive rebound, revitalizing the market and reigniting investor optimism.

However, amidst this renewed vigor, it is fascinating to observe how the spotlight has also found its way to some lesser-known and more affordable cryptocurrencies.

As we approach June 2023, Finbold conducted a market analysis and hand-picked 5 cryptocurrencies priced below $0.10 that investors should keep an eye on.

Pepe (PEPE)

Unsurprisingly, Pepe (PEPE), the new meme coin sensation, sits at the top of the list.

Inspired by ‘Pepe the Frog,’ this crypto token witnessed one of the most impressive price surges on record, with its gains reaching +5,000,000% at one point.

But the meme coin has dropped notably since reaching its peak of $0.00000431 on May 5. At press time, PEPE is changing hands at $0.00000142, down over 11% in the past week and more than 67% from its all-time high.

2) TRON (TRX)

Another cryptocurrency that’s been stealing the headlines in recent days is TRON (TRX). Issued by Justin Sun’s Tron Foundation, TRX has topped AltRank’s list of cryptocurrencies on May 24 – which combines an asset’s social and market activity against the rest of the crypto market.

At the time of writing, TRX is trading at $0.08, up around 0.19% on the day. Over the past week and month, the cryptocurrency gained 9.6% and 17.9%, respectively.

3)Stellar (XLM)

Stellar (XLM) has been among the favorite altcoins among crypto investors for a while now, due to its strong reputation as an established blockchain project.

The blockchain firm has recently forged a significant partnership with MoneyGram and the United Nations High Commissioner for Refugees (UNHCR) to provide financial aid to Ukrainian refugees affected by war through the utilization of Circle’s USD Coin (USDC).

At the time of publication, XLM was trading at $0.09, up around 0.3% in the past 24 hours. In the past month, the cryptocurrency lost around 6.7% and could be trading at a bargain price given its potential to rise on recent partnership deals.

4)VeChain (VET)

VeChain (VET) is a blockchain-based platform focused on transparency, traceability, and immutability for supply chain data, enabling businesses to enhance efficiency, reduce counterfeiting, and improve product authenticity.

The project’s team announced that their recently-launched VeWorld mobile wallet would become a part of Apple’s TestFlight program.

At the time of writing, VET was changing hands at $0.02, up 1.86% in the past week. Over the past 30 days, though, the crypto declined more than 11%.

5)Hedera (HBAR)

Hedera (HBAR) is popular among crypto investors due to its unique distributed ledger technology known as the Hedera Hashgraph. This technology offers high throughput, low fees, and robust security, making it attractive for various decentralized applications (dApps) and enterprise use cases.

After closing deals with tech giants like LG, Google, IBM, and Tata, members of the Hedera community are hoping that this growing corporate adoption could help propel HBAR’s price soon.

At the time of publication, HBAR stood at $0.06, up 0.28% on the day. Over the past month, the crypto token dropped almost 15%.

#Binance #BTC #memecoins #HBAR #crypto2023

Considering that over 500 million people in Africa live in rural communities out of reach of main power grids, mining Bitcoin (BTC) has been a challenge. However, it has also sparked some creative solutions that might not only solve the problem of Bitcoin mining but also provide reliable electricity access in general.

Indeed, one of these solutions has been to build microgrids powered by renewable energy sources, and their potential has attracted both hobbyists and companies interested in mining Bitcoin, Nigerian Bitcoiner and CEO of a Bitcoin venture capital fund Recursive Capital, Abubakar Nur Khalil, said in his Forbes piece on May 24.

Hydropower minigrids

According to Khalil, one example is the Kenyan Bitcoin mining company Gridless which deploys hydro-powered microgrids (with a capacity of under 1 MW) to power three rural communities in East Africa and has recently reached more Kenyan communities thanks to the seed funding led by Jack Dorsey’s Block and Bitcoin VC firm Stillmark.

On top of that, Gridless has also created the Green African Mining Alliance (GAMA) with three other companies – QRB Labs from Ethiopia, Sukuma Ventures from Kenya, and Trojan Mining from Nigeria – with the goal to create a standardized approach to sustainable cryptocurrency mining.

Together, these companies released the ‘Blueprint for Bitcoin Mining and Energy in Africa’ report earlier in May, featuring actionable insights for “reducing the electricity-access gap in underprivileged regions with minigrids and small-scale Bitcoin data centers.”

#BTC #Binance #Africa #News

MicroStrategy, led by executive chairman Michael Saylor, is dedicated to enhancing the Bitcoin Lightning Network. Saylor intends to offer Bitcoin wallets and Lightning addresses to all corporate account holders, streamlining the creation of Bitcoin rewards apps for stakeholders. LN adoption is flourishing in emerging markets like South America and Africa, bolstered by companies like Strike. MicroStrategy persistently explores LN-based solutions for enterprise marketing and cybersecurity. Saylor's incorporation of LN into his corporate email showcases his unwavering commitment to Bitcoin's Lightning Network.

#BTC #microstrategy #network #news

Fast order execution has become commonplace in today's market realities. But remember, whenever an asset is bought or sold, there must be someone on the other side of the transaction. Often that person is a market maker.

➡️ A market maker is a market participant whose role is to buy and sell an asset in order to add liquidity.

• A market maker places orders to buy/sell an asset which are executed either by market participants or by himself (to increase the trading volume).

➡️ What does the market maker earn from?

The MM receives the difference between supply and demand (spread) for providing the asset. For example, he might quote a selling price of $20 and a buying price of $20.05. This means that the profit per token will be $0.05.

➡️ What does the market maker risk?

In a word - sharp moves. When the market crashes, the MM is forced to buy assets that are falling in price. It also leads to a slowdown in buying as most seek to shed their positions. Buying will of course resume, but at a value lower than the average buying price of the fall.

➡️ Can a market maker "draw" a chart?

Hypothetically, the MM could place a large order of 3x the current price and buy it back himself. This would draw a high shadow of a candle on the chart, but in the end the price would instantly return to its original value.

• In addition, market makers are subject to rules that prohibit manipulating the price of assets.

❔ Did you know what a market maker is?

Yes - 👍

No - 👎

📈Crypto_Shekar

#Binance #Marketupdate #crypto2023 #token

The Markets in Crypto-Assets (MiCA) regulation has received overwhelming support from the Economic and Financial Affairs Council of the European Union. With an impressive 27 votes in favor, finance ministers from all member states have given the green light to this highly-anticipated legislation. In addition, the European Parliament has adopted two additional legislations concerning transfers of funds and certain crypto assets. MiCA establishes clear guidelines and requirements for cryptocurrencies, ensuring a secure and regulated environment. The bill's publication in the EU journal will precede its transformation into law by mid-2024.

#Binance #cryptocurrency #Finance #DigitalAssets

But not all cryptocurrencies will be sold in Hong Kong.

Criterion:

- Cryptocurrency bought by retail investors must be included in at least two indexes out of five: Galaxy, 21 Shares, Bitwise, Nasdaq and Wisdomtree.

- Market capitalization must exceed $1 billion.

➡️The following currently meet this criterion:

- Bitcoin (#BTC)

- Ethereum (#ETH)

- Litecoin (#LTC)

- Bitcoin Cash (#BCH)

- Polkadot (#DOT)

- Solana (#SOL)

- Cardano (#ADA)

- Avalanche (#AVAX)

- Polygon (#MATIC)

- Chainlink (#LINK)

#Binance #crypto2023

Renowned investor Paul Tudor Jones remains unwavering in his commitment to bitcoin, expressing his dedication to maintaining a small diversification in his investment portfolio. During an interview on CNBC's "Squawk Box," Jones acknowledged potential regulatory challenges but emphasized his positive perspective on the dominant cryptocurrency. While discussing the US economy, he suggested that inflation could decrease, which might present a challenge for bitcoin. Despite the regulatory opposition, Jones firmly stands by his belief in bitcoin's value and its potential as an investment.

#Binance #Investment #crypto2023 #BTC

Let’s get a basic understanding of these two before anyone gets rekt trying to figure them out on their own.

⚙️ Technical analysis is the study of graphs and charts. Traders look at them to spot tendencies and predict price movements for a given coin.

A major component of technical analysis is the belief that a coin’s history could indicate its future movements.

Someone wise once said, “Without the past, there is no future.”🙂

⚙️ Analyzing the fundamentals, however, entail an entirely different approach to determining the strength of a project. Analysts and crypto enthusiasts who practice DYOR comb through a project’s technology, the coin’s use cases, competitors on the market, the project’s white paper, the tokenomics, and other characteristics that could be indicators of future success (or failure).

The goal here is to analyze all of these aspects to see whether the project is undervalued or overvalued. Usually, traders conduct technical analysis, and long-term investors analyze the fundamentals.

💭Moreover, combining the two approaches could help reduce risk when investing

#Binance #crypto2023 #LearnAndEarn #Investors #FundamentalAnalysis