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#DODO is at the bottom of an ascending channel and has a good position.
According to the history of this currency, it has given huge profits to its buyers. This time, you can at least expect 100% growth and the price to reach the ceiling of the channel. This goal can be easily achieved because the price is well compressed and ready for a huge jump.
It is advisable to keep a close watch on this price movement .
According to the history of this currency, it has given huge profits to its buyers. This time, you can at least expect 100% growth and the price to reach the ceiling of the channel. This goal can be easily achieved because the price is well compressed and ready for a huge jump.
It is advisable to keep a close watch on this price movement .
Trump's Crypto Wallet Surges Amid Legal Verdict
Donald Trump's cryptocurrency wallet surged to $14 million following a New York jury's verdict finding him guilty of 34 counts of falsifying business records.
His largest holding, the Maga Memecoin ($TRUMP), experienced significant volatility. After the verdict, $TRUMP dropped from $13.50 to $11.20 before soaring to $17.50, marking a 26.92% increase in 24 hours, according to CoinMarketCap.
Other meme coins linked to Trump and the Republican Party also saw increased volatility. Supporters viewed the ruling as political persecution aimed at preventing him from winning elections. Trump, a known supporter of cryptocurrencies, has begun accepting them for campaign contributions and fundraising.
Meanwhile, on Polymarket, a blockchain-based betting platform, the wager "Trump in jail before election day?" has attracted over $900,000, with bettors estimating a 16% chance of imprisonment before November 5.
Donald Trump's cryptocurrency wallet surged to $14 million following a New York jury's verdict finding him guilty of 34 counts of falsifying business records.
His largest holding, the Maga Memecoin ($TRUMP), experienced significant volatility. After the verdict, $TRUMP dropped from $13.50 to $11.20 before soaring to $17.50, marking a 26.92% increase in 24 hours, according to CoinMarketCap.
Other meme coins linked to Trump and the Republican Party also saw increased volatility. Supporters viewed the ruling as political persecution aimed at preventing him from winning elections. Trump, a known supporter of cryptocurrencies, has begun accepting them for campaign contributions and fundraising.
Meanwhile, on Polymarket, a blockchain-based betting platform, the wager "Trump in jail before election day?" has attracted over $900,000, with bettors estimating a 16% chance of imprisonment before November 5.
President Joe Biden has vetoed bill SAB 121, which sought to overturn the SEC's controversial bulletin establishing accounting standards for firms that custody cryptocurrency.
In a statement to the House, Biden stressed the importance of protecting consumers and investors.
Earlier, the House and Senate had voted in favor of repealing SAB 121 with bipartisan support. However, overriding a presidential veto requires a two-thirds majority from both chambers, posing a significant challenge.
In a statement to the House, Biden stressed the importance of protecting consumers and investors.
Earlier, the House and Senate had voted in favor of repealing SAB 121 with bipartisan support. However, overriding a presidential veto requires a two-thirds majority from both chambers, posing a significant challenge.
Lackluster Trading Dampens Bitcoin Price After Hong Kong ETF Launch
Bitcoin's price dipped below $62,000 following the launch of Asia's first spot Bitcoin and Ether ETFs in Hong Kong. The long-awaited debut saw disappointing trading volumes, failing to provide the expected boost to the cryptocurrency's price.
😑😔
$BTC #dump
Bitcoin's price dipped below $62,000 following the launch of Asia's first spot Bitcoin and Ether ETFs in Hong Kong. The long-awaited debut saw disappointing trading volumes, failing to provide the expected boost to the cryptocurrency's price.
😑😔
$BTC #dump
EigenLayer Confirms Airdrop for Community
The EigenLayer team has confirmed a significant airdrop for its community, allocating 45% (approximately 0.75 billion tokens) of the total $EIGEN supply. Here's a breakdown of the distribution:
Stakedrop: 15% will be distributed to users who participated in staking $ETH on the EigenLayer protocol.
Ecosystem Development: 15% will be dedicated to initiatives that foster growth within the EigenLayer ecosystem.
Community Engagement: 15% will be awarded to users who actively contribute to the EigenLayer community.
Stakedrop Details:
The airdrop for stakers will be distributed in two phases:
Phase 1 (May 10th, 2024):
5% of the $EIGEN supply will be claimable by eligible users based on a snapshot taken on March 15th, 2024.
Phase 2 (June 2024):
The remaining 10% will be distributed in a second phase, with specific details to be announced soon.
$ETH #EigenLayer #Airdrop
The EigenLayer team has confirmed a significant airdrop for its community, allocating 45% (approximately 0.75 billion tokens) of the total $EIGEN supply. Here's a breakdown of the distribution:
Stakedrop: 15% will be distributed to users who participated in staking $ETH on the EigenLayer protocol.
Ecosystem Development: 15% will be dedicated to initiatives that foster growth within the EigenLayer ecosystem.
Community Engagement: 15% will be awarded to users who actively contribute to the EigenLayer community.
Stakedrop Details:
The airdrop for stakers will be distributed in two phases:
Phase 1 (May 10th, 2024):
5% of the $EIGEN supply will be claimable by eligible users based on a snapshot taken on March 15th, 2024.
Phase 2 (June 2024):
The remaining 10% will be distributed in a second phase, with specific details to be announced soon.
$ETH #EigenLayer #Airdrop
Will Bitcoin Surge into Summer? Analyst Sees Bullish Signal
Bitcoin is poised to end April with a bearish closing, marking the first red candle after seven months of gains. While this might seem discouraging, crypto analyst TechDev offers a contrasting perspective in a recent post on Twitter.
TechDev analyzes a two-month Bitcoin price chart and identifies a pattern potentially mirroring November 2020. This pattern, if it holds, could propel Bitcoin's price towards $100,000.
My question is;
Should we take this prediction seriously? 🤔
$BTC #TradingPredictions #LongTermCrypto
Bitcoin is poised to end April with a bearish closing, marking the first red candle after seven months of gains. While this might seem discouraging, crypto analyst TechDev offers a contrasting perspective in a recent post on Twitter.
TechDev analyzes a two-month Bitcoin price chart and identifies a pattern potentially mirroring November 2020. This pattern, if it holds, could propel Bitcoin's price towards $100,000.
My question is;
Should we take this prediction seriously? 🤔
$BTC #TradingPredictions #LongTermCrypto
$0.66-$0.69 Resistance Test: Wait for Confirmation
The price is currently encountering resistance at the $0.66-$0.69 zone. A breakout above this area would be a bullish signal, indicating a potential price increase. Additionally, a minor uptrend line is providing support below.
For traders: A confirmed break above the resistance area is ideal before entering new long positions. This confirmation could be a daily or weekly close above the resistance zone.
$W #TradingPredictions #PatienceWins
The price is currently encountering resistance at the $0.66-$0.69 zone. A breakout above this area would be a bullish signal, indicating a potential price increase. Additionally, a minor uptrend line is providing support below.
For traders: A confirmed break above the resistance area is ideal before entering new long positions. This confirmation could be a daily or weekly close above the resistance zone.
$W #TradingPredictions #PatienceWins
Shift in Stablecoin Landscape: USDC Takes Lead in Transactions
Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time.
However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million.
$USDC $USDT #StablecoinRevolution
Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time.
However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million.
$USDC $USDT #StablecoinRevolution
Shift in Stablecoin Landscape: USDC Takes Lead in Transactions
Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time.
However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million.
$USDC $USDT #StablecoinRevolution
Circle's USDC stablecoin has overtaken Tether's USDT, the long-dominant player, in terms of monthly transactions. Visa analysis shows USDC processed 166.6 million transactions in April 2024 compared to USDT's 163.6 million. This trend started in December 2023, with USDC edging out USDT for the first time.
However, USDT maintains its top position in market capitalization, sitting at $110.3 billion compared to USDC's $33.4 billion. Similarly, USDT boasts a significantly higher user base with over 34.2 million unique addresses in April, compared to USDC's 9.57 million.
$USDC $USDT #StablecoinRevolution
Bitcoin surged after the launch of BTC ETF trading on the Hong Kong exchange, but it's facing resistance and cooling off. It's unclear if it can break through to the $64,000-$65,000 range. Support and resistance levels remain unchanged.
Remain calm and stay positive
#Bitcoin Trade Update 🚨
👉 Target 1 Reached ✅
👉 Pumped 4% from Entry
We entered at near 62k range & it pumped to 64.5k range from there
$BTC #TradingPredictions
Remain calm and stay positive
#Bitcoin Trade Update 🚨
👉 Target 1 Reached ✅
👉 Pumped 4% from Entry
We entered at near 62k range & it pumped to 64.5k range from there
$BTC #TradingPredictions
WEEKLY TRADING MOTIVATION
Adaptability and Growth
Every week, we face market volatility head-on, showcasing the importance of resilience in your trading strategy. Despite the fluctuations, our focus on strategic adaptation helped us navigate the challenges and capitalize on opportunities.
Here's what made the difference:
Adaptable Strategies: We adjusted our approach based on market dynamics, mitigating losses and maximizing profits.
Constant Monitoring: By closely monitoring market trends and signals, we identified favorable opportunities and made informed trading decisions.
The ever-evolving crypto market demands both resilience and adaptability. We remain committed to success, providing valuable insights and strategies to help you navigate its complexities.
Above all, always remember, you are not in the loss alone 😄😄, that should cheer you up a bit.
#SuccessStrategies #motivation
Adaptability and Growth
Every week, we face market volatility head-on, showcasing the importance of resilience in your trading strategy. Despite the fluctuations, our focus on strategic adaptation helped us navigate the challenges and capitalize on opportunities.
Here's what made the difference:
Adaptable Strategies: We adjusted our approach based on market dynamics, mitigating losses and maximizing profits.
Constant Monitoring: By closely monitoring market trends and signals, we identified favorable opportunities and made informed trading decisions.
The ever-evolving crypto market demands both resilience and adaptability. We remain committed to success, providing valuable insights and strategies to help you navigate its complexities.
Above all, always remember, you are not in the loss alone 😄😄, that should cheer you up a bit.
#SuccessStrategies #motivation
Australian Stock Exchange Considers Spot Bitcoin ETFs by Year-End
Australia's main stock exchange, ASX, might list its first approved Bitcoin #ETFs✅ directly tied to Bitcoin's price by the end of this year, according to Bloomberg.
Applications submitted: Several firms, including VanEck, BetaShares, and DigitalX, have already applied for these ETFs earlier this year.
ASX dominance: ASX controls roughly 80% of Australian stock trading and boasted a domestic market value of $2.73 trillion in March.
Existing options: Australian investors have already had access to spot Bitcoin ETFs for a while, though currently traded on CBOE Australia.
#Australia #StockMarketTrends
Australia's main stock exchange, ASX, might list its first approved Bitcoin #ETFs✅ directly tied to Bitcoin's price by the end of this year, according to Bloomberg.
Applications submitted: Several firms, including VanEck, BetaShares, and DigitalX, have already applied for these ETFs earlier this year.
ASX dominance: ASX controls roughly 80% of Australian stock trading and boasted a domestic market value of $2.73 trillion in March.
Existing options: Australian investors have already had access to spot Bitcoin ETFs for a while, though currently traded on CBOE Australia.
#Australia #StockMarketTrends
Bitcoin Bull Run May Be Over, Analyst Says
Peter Brandt, a technical analyst, believes the bull market might have peaked in March at $73,800.
He bases this on the concept of "exponential decay," where growth slows down over time.
Historically, Bitcoin has followed a roughly four-year cycle, often tied to halvings (reduction in new coin creation). Since the first bull run, each subsequent one has seen about 80% less price growth, according to Brandt.
If this pattern holds true, the March 2024 peak of $73,800 could be the highest point, w
He bases this on the concept of "exponential decay," where growth slows down over time.
Historically, Bitcoin has followed a roughly four-year cycle, often tied to halvings (reduction in new coin creation). Since the first bull run, each subsequent one has seen about 80% less price growth, according to Brandt.
If this pattern holds true, the March 2024 peak of $73,800 could be the highest point, w
$Solana co-founder disagrees with $Ethereum founder on the value of meme coins
$SOL Raj Gokal, recently defended meme coins in a twitter post, challenging criticisms from OGs in the crypto community.
$ETH Gokal took aim at Ethereum's Vitalik Buterin, sharing a low reputable photo of him, suggesting that even Ethereum had unconventional beginnings.
Gokal argues that dismissing meme coins as trivial overlooks their role in driving innovation within permissionless systems. He highlights the importance of adaptability in the rapidly evolving crypto landscape, implying that those resistant to change may face challenges in succeeding.
This underscores the ongoing rivalry between Ethereum and Solana.
#EthereumPower #Solana’
$SOL Raj Gokal, recently defended meme coins in a twitter post, challenging criticisms from OGs in the crypto community.
$ETH Gokal took aim at Ethereum's Vitalik Buterin, sharing a low reputable photo of him, suggesting that even Ethereum had unconventional beginnings.
Gokal argues that dismissing meme coins as trivial overlooks their role in driving innovation within permissionless systems. He highlights the importance of adaptability in the rapidly evolving crypto landscape, implying that those resistant to change may face challenges in succeeding.
This underscores the ongoing rivalry between Ethereum and Solana.
#EthereumPower #Solana’
Todays dump in bitcoin could be due to two things
ANALYSIS says bitcoin exited the triangle pattern in a downward direction, hinting at a potential shift towards the significant support range of $59,000-$60,000
WHILE
MY INSTINCT says it may just be a normal bitcoin dump to scare retail buyers.
Despite this, the market shows minimal movement and maintains its sideways trajectory.
Apparently, I like to follow my instinct because it has made me a lot of 💸 . If you did like to join me
#BITCOIN Long Setup
👉Entry : 62,300
👉SL : 58,000
👉TP 1 - 64550
👉TP 2 - 66500
👉TP 3 - 69000
👉TP 4 - 71300
👉TP 5 - 73500
👉TP 6 - 75500
👉TP 7 - 78000
Looks like a good point to enter as it contains a good Trendline support here
But still my suggestion is do not use High Leverage, go with the basics only (2-3x)
#Patienttrader 😏 #BTC_MARKET_UPDATE
ANALYSIS says bitcoin exited the triangle pattern in a downward direction, hinting at a potential shift towards the significant support range of $59,000-$60,000
WHILE
MY INSTINCT says it may just be a normal bitcoin dump to scare retail buyers.
Despite this, the market shows minimal movement and maintains its sideways trajectory.
Apparently, I like to follow my instinct because it has made me a lot of 💸 . If you did like to join me
#BITCOIN Long Setup
👉Entry : 62,300
👉SL : 58,000
👉TP 1 - 64550
👉TP 2 - 66500
👉TP 3 - 69000
👉TP 4 - 71300
👉TP 5 - 73500
👉TP 6 - 75500
👉TP 7 - 78000
Looks like a good point to enter as it contains a good Trendline support here
But still my suggestion is do not use High Leverage, go with the basics only (2-3x)
#Patienttrader 😏 #BTC_MARKET_UPDATE