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Looking for making big profit, 8 rules you should know
Here are some tips for traders on Binance looking to maximize profits:
1. Understand Market Conditions
- Learn Technical Analysis: Use tools like moving averages, RSI, MACD, and Bollinger Bands to predict market trends and time entries and exits.
- Stay Updated with News: Major news can significantly impact cryptocurrency prices. Follow global events and updates from Binance.
2. Use Binance Features
- Spot Trading: Buy low and sell high. Research undervalued coins with growth potential.
- Futures Trading: Take advantage of leverage, but be cautious of high risk. Use stop-loss to limit losses.
- Staking and Earn: Use Binance’s staking, savings, and liquidity farming to earn passive income on idle crypto holdings.
- Launchpad & Airdrops: Participate in new project launches through Binance Launchpad to get tokens at early prices.
3. Practice Risk Management
- Diversify Your Portfolio: Don’t invest in a single asset. Spread your funds across multiple cryptocurrencies to reduce risk.
- Use Stop-Loss Orders: Set stop-loss orders to automatically sell when a coin drops to a specific price to minimize losses.
- Set Targets: Know when to exit trades. Set profit targets and don’t get greedy.
4. Leverage Binance Academy
- Learn from Binance Academy: Binance offers free learning resources to help you get better at trading and investing in cryptocurrencies.
5. Utilize Dollar-Cost Averaging (DCA)
- Invest a fixed amount regularly regardless of the coin's price, to reduce the impact of volatility over time.
6. Take Advantage of Low Trading Fees
- Use BNB (Binance Coin) to pay for transaction fees and enjoy a discount on your trading fees.
7. Follow Successful Traders
- Observe or copy trade successful traders through Binance's social trading features or other platforms to learn their strategies.
8. Participate in Competitions
- Binance regularly hosts trading competitions with rewards in the form of tokens or USDT. Participate in these to potentially win extra income.
Note:
By following these strategies, you can potentially increase your profits while mitigating risks. However, always remember that trading in cryptocurrencies is inherently volatile, and you should never invest more than you can afford to lose.
FOLLOW US FOR MORE❤️
1. Understand Market Conditions
- Learn Technical Analysis: Use tools like moving averages, RSI, MACD, and Bollinger Bands to predict market trends and time entries and exits.
- Stay Updated with News: Major news can significantly impact cryptocurrency prices. Follow global events and updates from Binance.
2. Use Binance Features
- Spot Trading: Buy low and sell high. Research undervalued coins with growth potential.
- Futures Trading: Take advantage of leverage, but be cautious of high risk. Use stop-loss to limit losses.
- Staking and Earn: Use Binance’s staking, savings, and liquidity farming to earn passive income on idle crypto holdings.
- Launchpad & Airdrops: Participate in new project launches through Binance Launchpad to get tokens at early prices.
3. Practice Risk Management
- Diversify Your Portfolio: Don’t invest in a single asset. Spread your funds across multiple cryptocurrencies to reduce risk.
- Use Stop-Loss Orders: Set stop-loss orders to automatically sell when a coin drops to a specific price to minimize losses.
- Set Targets: Know when to exit trades. Set profit targets and don’t get greedy.
4. Leverage Binance Academy
- Learn from Binance Academy: Binance offers free learning resources to help you get better at trading and investing in cryptocurrencies.
5. Utilize Dollar-Cost Averaging (DCA)
- Invest a fixed amount regularly regardless of the coin's price, to reduce the impact of volatility over time.
6. Take Advantage of Low Trading Fees
- Use BNB (Binance Coin) to pay for transaction fees and enjoy a discount on your trading fees.
7. Follow Successful Traders
- Observe or copy trade successful traders through Binance's social trading features or other platforms to learn their strategies.
8. Participate in Competitions
- Binance regularly hosts trading competitions with rewards in the form of tokens or USDT. Participate in these to potentially win extra income.
Note:
By following these strategies, you can potentially increase your profits while mitigating risks. However, always remember that trading in cryptocurrencies is inherently volatile, and you should never invest more than you can afford to lose.
FOLLOW US FOR MORE❤️
How to Analyze cryptocurrency market ? (Step by step)
Analyzing the cryptocurrency market involves several steps, tools, and strategies. Here's a guide to get you started:
1. Understand the Basics
- Cryptocurrencies: Learn about different cryptocurrencies, blockchain technology, and how they work.
- Market Dynamics: Understand supply and demand, market capitalization, and trading volume.
2. Fundamental Analysis (FA)
- Project Evaluation: Research the project behind a cryptocurrency. Look at its whitepaper, team, use case, and partnerships.
- Market Sentiment: Use tools like social media analysis, Google Trends, and forums to gauge public opinion and interest.
- On-Chain Data: Analyze on-chain data such as wallet addresses, transaction volumes, and network activity.
3. Technical Analysis (TA)
- Price Charts: Study historical price movements using candlestick charts. Platforms like TradingView offer detailed charting tools.
- Indicators: Use technical indicators like Moving Averages (MA), Relative Strength Index (RSI), MACD, and Bollinger Bands to identify trends and market momentum.
- Support and Resistance Levels: Identify key price levels where the price tends to stop and reverse.
4. Sentiment Analysis
- News and Media: Track news sources and social media for market-moving announcements, regulatory changes, or significant events.
- Fear and Greed Index: This index helps assess market sentiment and investor behavior, often signaling potential turning points in the market.
5. Portfolio Analysis
- Diversification: Spread investments across different cryptocurrencies to manage risk.
- Risk Management: Determine your risk tolerance and set stop-loss levels to minimize potential losses.
6. Use Analytics Tools
- Glassnode: Provides on-chain data and metrics for various cryptocurrencies.
- CoinGecko/CoinMarketCap: Offers market data, rankings, and detailed information on different coins.
- CryptoCompare: For comparing the performance of different cryptocurrencies.
- Santiment: Provides insights into social and on-chain data.
7. Stay Updated
- News Feeds: Follow platforms like CoinDesk, The Block, and CryptoSlate for news.
- Social Media: Engage in communities on Twitter, Reddit, and Telegram to stay informed.
8. Regulation Awareness
- Legal Landscape: Stay aware of the regulatory environment in different countries as it can significantly impact the market.
9. Machine Learning & AI
- Sentiment Analysis: Implement machine learning models to predict market sentiment based on text data from news articles and social media.
- Price Prediction: Use AI algorithms to forecast future price movements, although this requires advanced knowledge and a reliable dataset.
10. Backtesting
- Historical Data: Test your strategies on historical data to assess their effectiveness before applying them in real-time trading.
11. Economic Indicators
- Global Markets: Understand the impact of traditional financial markets, economic indicators, and geopolitical events on cryptocurrency prices.
12. Correlations
- Compare with Other Assets: Analyze the correlation of cryptocurrencies with other assets like gold, stocks, and fiat currencies.
By combining these methods, you can gain a comprehensive understanding of the cryptocurrency market and make more informed decisions.
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1. Understand the Basics
- Cryptocurrencies: Learn about different cryptocurrencies, blockchain technology, and how they work.
- Market Dynamics: Understand supply and demand, market capitalization, and trading volume.
2. Fundamental Analysis (FA)
- Project Evaluation: Research the project behind a cryptocurrency. Look at its whitepaper, team, use case, and partnerships.
- Market Sentiment: Use tools like social media analysis, Google Trends, and forums to gauge public opinion and interest.
- On-Chain Data: Analyze on-chain data such as wallet addresses, transaction volumes, and network activity.
3. Technical Analysis (TA)
- Price Charts: Study historical price movements using candlestick charts. Platforms like TradingView offer detailed charting tools.
- Indicators: Use technical indicators like Moving Averages (MA), Relative Strength Index (RSI), MACD, and Bollinger Bands to identify trends and market momentum.
- Support and Resistance Levels: Identify key price levels where the price tends to stop and reverse.
4. Sentiment Analysis
- News and Media: Track news sources and social media for market-moving announcements, regulatory changes, or significant events.
- Fear and Greed Index: This index helps assess market sentiment and investor behavior, often signaling potential turning points in the market.
5. Portfolio Analysis
- Diversification: Spread investments across different cryptocurrencies to manage risk.
- Risk Management: Determine your risk tolerance and set stop-loss levels to minimize potential losses.
6. Use Analytics Tools
- Glassnode: Provides on-chain data and metrics for various cryptocurrencies.
- CoinGecko/CoinMarketCap: Offers market data, rankings, and detailed information on different coins.
- CryptoCompare: For comparing the performance of different cryptocurrencies.
- Santiment: Provides insights into social and on-chain data.
7. Stay Updated
- News Feeds: Follow platforms like CoinDesk, The Block, and CryptoSlate for news.
- Social Media: Engage in communities on Twitter, Reddit, and Telegram to stay informed.
8. Regulation Awareness
- Legal Landscape: Stay aware of the regulatory environment in different countries as it can significantly impact the market.
9. Machine Learning & AI
- Sentiment Analysis: Implement machine learning models to predict market sentiment based on text data from news articles and social media.
- Price Prediction: Use AI algorithms to forecast future price movements, although this requires advanced knowledge and a reliable dataset.
10. Backtesting
- Historical Data: Test your strategies on historical data to assess their effectiveness before applying them in real-time trading.
11. Economic Indicators
- Global Markets: Understand the impact of traditional financial markets, economic indicators, and geopolitical events on cryptocurrency prices.
12. Correlations
- Compare with Other Assets: Analyze the correlation of cryptocurrencies with other assets like gold, stocks, and fiat currencies.
By combining these methods, you can gain a comprehensive understanding of the cryptocurrency market and make more informed decisions.
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Making profit on Binance, Here's a step-by-step guide to help you
1. Choose a Trading Strategy
- Holding: Buy and hold a cryptocurrency for the long term, expecting its value to increase over time.
- Day Trading: Buy and sell within a single day, taking advantage of short-term price movements.
- Swing Trading: Hold for several days or weeks to capitalise on medium-term trends.
- Scalping: Make many small trades to profit from tiny price changes.
Analyse the Market**
- Technical Analysis: Use charts, indicators (like RSI, MACD), and historical data to predict price movements.
- Fundamental Analysis: Evaluate the underlying value of a cryptocurrency by studying the project's team, technology, partnerships, and market demand.
- Sentiment Analysis: Monitor social media, news, and community forums to gauge market sentiment.
Start Trading
- Choose a Pair: Select the cryptocurrency pair you want to trade (e.g., BTC/ETH, BTC/USDT).
- Place an Order:
- Market Order: Buy or sell immediately at the current market price.
- Limit Order: Set a specific price at which you want to buy or sell.
- Stop-Limit Order: Automatically sell or buy when a specified price is reached.
- Manage Your Trades: Set take-profit and stop-loss levels to manage your risk.
4. Manage Risk
- Never Invest More Than You Can Afford to Lose: Cryptocurrency markets are highly volatile.
- Diversify Your Portfolio: Spread your investments across different cryptocurrencies to reduce risk.
- Use Stop-Loss Orders: Protect your capital by setting stop-loss orders to limit potential losses.
Keep Learning and Adapting
- Stay Informed: Follow market news, updates from Binance, and broader financial news.
- Join Communities: Engage with online communities like Binance Academy, Reddit, or Twitter to exchange ideas and strategies.
- Practice: Consider using a demo account or small amounts to practice and refine your strategies.
Withdraw Profits Wisely
- Set Profit Targets: Know when to take profits and don’t be greedy.
- Reinvest Wisely: If reinvesting, do so strategically, based on your analysis and market conditions.
- Consider Taxes: Be aware of the tax implications of your trades and ensure compliance with local tax laws.
Review and Improve
- Analyse Your Performance: Regularly review your trades to understand what worked and what didn’t.
- Adjust Your Strategy: Adapt your trading strategy based on your performance and evolving market conditions.
Final:
- Avoid Emotional Trading: Keep emotions out of trading decisions to avoid costly mistakes.
Trading on Binance can be profitable, but it's also risky. It's essential to stay informed, manage your risks, and continuously refine your strategies.
FOLLO US
- Holding: Buy and hold a cryptocurrency for the long term, expecting its value to increase over time.
- Day Trading: Buy and sell within a single day, taking advantage of short-term price movements.
- Swing Trading: Hold for several days or weeks to capitalise on medium-term trends.
- Scalping: Make many small trades to profit from tiny price changes.
Analyse the Market**
- Technical Analysis: Use charts, indicators (like RSI, MACD), and historical data to predict price movements.
- Fundamental Analysis: Evaluate the underlying value of a cryptocurrency by studying the project's team, technology, partnerships, and market demand.
- Sentiment Analysis: Monitor social media, news, and community forums to gauge market sentiment.
Start Trading
- Choose a Pair: Select the cryptocurrency pair you want to trade (e.g., BTC/ETH, BTC/USDT).
- Place an Order:
- Market Order: Buy or sell immediately at the current market price.
- Limit Order: Set a specific price at which you want to buy or sell.
- Stop-Limit Order: Automatically sell or buy when a specified price is reached.
- Manage Your Trades: Set take-profit and stop-loss levels to manage your risk.
4. Manage Risk
- Never Invest More Than You Can Afford to Lose: Cryptocurrency markets are highly volatile.
- Diversify Your Portfolio: Spread your investments across different cryptocurrencies to reduce risk.
- Use Stop-Loss Orders: Protect your capital by setting stop-loss orders to limit potential losses.
Keep Learning and Adapting
- Stay Informed: Follow market news, updates from Binance, and broader financial news.
- Join Communities: Engage with online communities like Binance Academy, Reddit, or Twitter to exchange ideas and strategies.
- Practice: Consider using a demo account or small amounts to practice and refine your strategies.
Withdraw Profits Wisely
- Set Profit Targets: Know when to take profits and don’t be greedy.
- Reinvest Wisely: If reinvesting, do so strategically, based on your analysis and market conditions.
- Consider Taxes: Be aware of the tax implications of your trades and ensure compliance with local tax laws.
Review and Improve
- Analyse Your Performance: Regularly review your trades to understand what worked and what didn’t.
- Adjust Your Strategy: Adapt your trading strategy based on your performance and evolving market conditions.
Final:
- Avoid Emotional Trading: Keep emotions out of trading decisions to avoid costly mistakes.
Trading on Binance can be profitable, but it's also risky. It's essential to stay informed, manage your risks, and continuously refine your strategies.
FOLLO US
Bullish Morning Everyone
#BTC entered bullish momentum, enjoy this time and trade safely.
If the bulls hold the value above the $62K level, the Bitcoin market price will prepare to retest its ATH of $73,750.07 mark by the end of September. Conversely, $53,446.50 is the next crucial area of support.
The cryptocurrency is expected to create a high of $140,449 with a low of $61,357. Therefore, the average Bitcoin price projection for 2025 will potentially be $95,903.
#BTC entered bullish momentum, enjoy this time and trade safely.
If the bulls hold the value above the $62K level, the Bitcoin market price will prepare to retest its ATH of $73,750.07 mark by the end of September. Conversely, $53,446.50 is the next crucial area of support.
The cryptocurrency is expected to create a high of $140,449 with a low of $61,357. Therefore, the average Bitcoin price projection for 2025 will potentially be $95,903.
SHIB’s steady price decline has caused its price to fall under its 20-day exponential moving average (EMA), which measures its asset’s average price over the past 20 trading days.
When an asset’s price falls below this level, it signals a sustained decline in buying pressure. If this trend continues, SHIB’s value may dip to $0.0000151.
When an asset’s price falls below this level, it signals a sustained decline in buying pressure. If this trend continues, SHIB’s value may dip to $0.0000151.
Ethereum hits an 8-year low
As of this writing, Ethereum was trading at around $3,540, with an increase of approximately 1.7%.
An analysis of its daily time frame shows an improvement from the previous trading session.
In the last session, its price dropped to $3,400 after declining by less than 1%. This decline followed another decline in the session before that.
Additionally, Ethereum’s Relative Strength Index (RSI) analysis showed a positive move. The chart indicated that its RSI was now close to the neutral line. This suggests that the bear trend is weakening as of this writing.
As of this writing, Ethereum was trading at around $3,540, with an increase of approximately 1.7%.
An analysis of its daily time frame shows an improvement from the previous trading session.
In the last session, its price dropped to $3,400 after declining by less than 1%. This decline followed another decline in the session before that.
Additionally, Ethereum’s Relative Strength Index (RSI) analysis showed a positive move. The chart indicated that its RSI was now close to the neutral line. This suggests that the bear trend is weakening as of this writing.
Notcoin’s price may down
It is unlikely that NOT’s volume would hit $4 billion like it did when the price hit an all-time high of $0.029 on 2 June.
Evidence of this was reflected in the Relative Strength Index (RSI). The RSI is an oscillator that measures speed and changes in price movements.
A value of over 70 indicates that an asset is overbought. When it is less than 30, it means that it is oversold. In Notcoin’s case, the RSI on the daily chart had a reading of 74.27.
Simply put, the token was overbought. Thus, the price might begin a slow reversal down the chart. If this happens, the price of NOT might fall to $0.016 within a few days.
It is unlikely that NOT’s volume would hit $4 billion like it did when the price hit an all-time high of $0.029 on 2 June.
Evidence of this was reflected in the Relative Strength Index (RSI). The RSI is an oscillator that measures speed and changes in price movements.
A value of over 70 indicates that an asset is overbought. When it is less than 30, it means that it is oversold. In Notcoin’s case, the RSI on the daily chart had a reading of 74.27.
Simply put, the token was overbought. Thus, the price might begin a slow reversal down the chart. If this happens, the price of NOT might fall to $0.016 within a few days.
BONK’s price has been a rollercoaster ride lately, with significant highs and lows. In fact, the altcoin’s price has depreciated by 47% since 28 May. At the time of writing, it was close to a crucial support level at around $0.00002260, having retested it several times in the last 3 months.
The price seemed to be obeying an ascending trendline support too, one that confluences with $0.00002206. It would thus seem that BONK may have been accumulating bullish momentum, probably to the next resistance level at $0.00002940, before breaking free as it accumulates enough momentum to breach its resistance level.
The price seemed to be obeying an ascending trendline support too, one that confluences with $0.00002206. It would thus seem that BONK may have been accumulating bullish momentum, probably to the next resistance level at $0.00002940, before breaking free as it accumulates enough momentum to breach its resistance level.
❤️BTC is in bearish momentum today.
If any changes occur in the market, I will share the updates.
❤️ #BTC is anticipated to drop to these levels:
- 64600
- 64000
-63300
If any changes occur in the market, I will share the updates.
❤️ #BTC is anticipated to drop to these levels:
- 64600
- 64000
-63300
Bitcoin Turns Red Zone
Bitcoin price struggled to settle above the $70,000 resistance zone. BTC reacted to the downside after it broke the $69,200 support zone. There was a sharp move below the $68,500 level.
The price even declined below the $67,000 level. Finally, it tested the $66,000 with a bearish angle. A low was formed near $65,992 and the price is now attempting a recovery wave. There was a move above the $66,800 level.
Bitcoin price struggled to settle above the $70,000 resistance zone. BTC reacted to the downside after it broke the $69,200 support zone. There was a sharp move below the $68,500 level.
The price even declined below the $67,000 level. Finally, it tested the $66,000 with a bearish angle. A low was formed near $65,992 and the price is now attempting a recovery wave. There was a move above the $66,800 level.
Dogecoin Price Prediction
With a market cap of $30.2 Billion, Dogecoin holds its position as the 8th largest cryptocurrency as per Coinmarketcap.
However, an analysis of the higher time frame chart shows parabolic growth resembling the formation of a rounding bottom pattern. The chart pattern is often considered a sign of a downtrend bottoming and an opportunity for a new bull run to emerge.
Should the crypto market exhibit a bullish response to the anticipated halving, in line with historical trends and investor expectations, Dogecoin’s price is likely to align with the bullish pattern formation.
With sustained buying, the current rally may chase a potential target of $0.3, followed by $0.35 and $0.448
With a market cap of $30.2 Billion, Dogecoin holds its position as the 8th largest cryptocurrency as per Coinmarketcap.
However, an analysis of the higher time frame chart shows parabolic growth resembling the formation of a rounding bottom pattern. The chart pattern is often considered a sign of a downtrend bottoming and an opportunity for a new bull run to emerge.
Should the crypto market exhibit a bullish response to the anticipated halving, in line with historical trends and investor expectations, Dogecoin’s price is likely to align with the bullish pattern formation.
With sustained buying, the current rally may chase a potential target of $0.3, followed by $0.35 and $0.448
BTC will be 82k soon
In the latest analysis from the respected trader @alicharts, the Bitcoin Accumulation Trend Score indicates a robust pattern of accumulation, even as the cryptocurrency consolidates near its all-time highs.
This trend score is graphically represented through color changes, showcasing a transition from cooler to warmer tones, culminating in purple hues that signify a stronger accumulation phase.
The Bitcoin price currently trades at $70576 with an intraday gain of 1%. With a higher potential of renewed recovery, the BTC price is likely to breach the pattern’s upper trendline, the post-breakout rally is likely to hit $73800, followed by $81700.
In the latest analysis from the respected trader @alicharts, the Bitcoin Accumulation Trend Score indicates a robust pattern of accumulation, even as the cryptocurrency consolidates near its all-time highs.
This trend score is graphically represented through color changes, showcasing a transition from cooler to warmer tones, culminating in purple hues that signify a stronger accumulation phase.
The Bitcoin price currently trades at $70576 with an intraday gain of 1%. With a higher potential of renewed recovery, the BTC price is likely to breach the pattern’s upper trendline, the post-breakout rally is likely to hit $73800, followed by $81700.
Shiba Inu (SHIB) faces uncertainty
Shiba Inu (SHIB) double-digit losses have triggered a decline toward $0.00002331, eliminating around 30% of its gains from the last month. Likewise, the daily trading volume of the meme coin has taken a significant hit as well, with CoinMarketCap data showing a 28.4% crash to bring its daily trading volume to $1,725,144,261.The meme coin is down more than 22% on the weekly chart as well, which has brought its market cap to $14.89 billion. As a result of this, Shiba Inu continues to lag as the 11th-largest cryptocurrency in the world as it faces an uncertain future.
Shiba Inu (SHIB) double-digit losses have triggered a decline toward $0.00002331, eliminating around 30% of its gains from the last month. Likewise, the daily trading volume of the meme coin has taken a significant hit as well, with CoinMarketCap data showing a 28.4% crash to bring its daily trading volume to $1,725,144,261.The meme coin is down more than 22% on the weekly chart as well, which has brought its market cap to $14.89 billion. As a result of this, Shiba Inu continues to lag as the 11th-largest cryptocurrency in the world as it faces an uncertain future.
Shiba Inu price analysis
Shiba Inu’s $0.000031 relief rally is facing selling at the 38.2% Fibonacci retracement level of $0.000032, indicating that the bears are trying to stage a comeback.
If the price turns down and breaks below the 20-day EMA ($0.000028), it will increase the risk of a fall to the 50-day SMA ($0.000021). Such a sharp decline is likely to delay the start of the next leg of the up move.
Conversely, if the price rebounds off the 20-day EMA with strength, it will suggest solid buying at lower levels. The SHIB/USDT pair could then rise to $0.000035 and thereafter to $0.000039.
pic- Trading view
Shiba Inu’s $0.000031 relief rally is facing selling at the 38.2% Fibonacci retracement level of $0.000032, indicating that the bears are trying to stage a comeback.
If the price turns down and breaks below the 20-day EMA ($0.000028), it will increase the risk of a fall to the 50-day SMA ($0.000021). Such a sharp decline is likely to delay the start of the next leg of the up move.
Conversely, if the price rebounds off the 20-day EMA with strength, it will suggest solid buying at lower levels. The SHIB/USDT pair could then rise to $0.000035 and thereafter to $0.000039.
pic- Trading view
FLOKI Price Prediction
It gained up to 500% in March and hasn’t strayed far from the peak despite recent price fluctuations.
Maintaining the $0.000218 level is positive, and if the $0.000260 threshold is crossed with volume, the $0.000307 target can be aimed for.
After the recent peak, FLOKI Coin will test psychological resistance levels like $0.0005. The general market sentiment in the coming month will be crucial.
It gained up to 500% in March and hasn’t strayed far from the peak despite recent price fluctuations.
Maintaining the $0.000218 level is positive, and if the $0.000260 threshold is crossed with volume, the $0.000307 target can be aimed for.
After the recent peak, FLOKI Coin will test psychological resistance levels like $0.0005. The general market sentiment in the coming month will be crucial.
Dogecoin (DOGE) Price prediction, eagerly awaited $1
DOGE, a leading digital currency renowned for its meme origins, has recently experienced a notable appreciation in value. This upturn is part of the broader positive momentum observed in the cryptocurrency sector.
In the last 24 hours alone, Dogecoin’s price soared by 18%, breaching the $0.21 mark for the first time since December 2021. Currently, the Dogecoin price hovers at $0.2124, indicating a growing interest among investors and traders alike.
This resurgence marks a significant departure from the prolonged period of stagnation that Dogecoin faced, hinting at a potential shift towards a long-term positive trend. The anticipation surrounding the upcoming halving event has contributed to this momentum, with many cryptocurrencies experiencing substantial gains since the start of the month.
Over the last month, Dogecoin’s price has skyrocketed by 123%, breaking through several resistance levels and setting the stage for further potential gains. This breakthrough has positioned Dogecoin as one of the standout performers in the market, with a staggering 44% increase in value over the past week.
If DOGE stabilizes above the crucial $0.23 resistance level, it may pave the way for a climb to $0.3 and, potentially, the eagerly awaited $1 mark. This optimistic scenario hinges on Dogecoin’s ability to overcome key resistance levels while sustaining its current momentum.
#doge #trendingtoic
DOGE, a leading digital currency renowned for its meme origins, has recently experienced a notable appreciation in value. This upturn is part of the broader positive momentum observed in the cryptocurrency sector.
In the last 24 hours alone, Dogecoin’s price soared by 18%, breaching the $0.21 mark for the first time since December 2021. Currently, the Dogecoin price hovers at $0.2124, indicating a growing interest among investors and traders alike.
This resurgence marks a significant departure from the prolonged period of stagnation that Dogecoin faced, hinting at a potential shift towards a long-term positive trend. The anticipation surrounding the upcoming halving event has contributed to this momentum, with many cryptocurrencies experiencing substantial gains since the start of the month.
Over the last month, Dogecoin’s price has skyrocketed by 123%, breaking through several resistance levels and setting the stage for further potential gains. This breakthrough has positioned Dogecoin as one of the standout performers in the market, with a staggering 44% increase in value over the past week.
If DOGE stabilizes above the crucial $0.23 resistance level, it may pave the way for a climb to $0.3 and, potentially, the eagerly awaited $1 mark. This optimistic scenario hinges on Dogecoin’s ability to overcome key resistance levels while sustaining its current momentum.
#doge #trendingtoic
BTC Price Prediction
BTC Price Prediction Sees Cycle Top At $180K
Bitcoin (BTC) price could gain another 150% during the current bull market cycle, according to Laurent Benayoun, the CEO of Acheron Trading and quantitative trading strategies expert.
Bitcoin price top at $180K?
The executive anticipates a potential cycle top of $180,000 for BTC price, based on a combination of factors, including the spot Bitcoin exchange-traded funds (ETFs), and the new supply reduction from the upcoming Bitcoin halving.
Benayoun explained:
“If we look at historical performance, with every cycle the multiple on the all-time is getting lower. So if we apply this reasoning it could be 2x to 3x what we saw in the previous cycles, so let's say around $120,000 to $180,000 per unit.”
Improving financial policy in the United States will also contribute to Bitcoin’s price appreciation, according to Benayoun:
“The market is pricing in a reduction in interest rates because they have been flatlining, so it’s reasonable to expect them to go down in the near future.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
#BTC🔥🔥🔥🔥 #Bulish #trendingtoic #copied
BTC Price Prediction Sees Cycle Top At $180K
Bitcoin (BTC) price could gain another 150% during the current bull market cycle, according to Laurent Benayoun, the CEO of Acheron Trading and quantitative trading strategies expert.
Bitcoin price top at $180K?
The executive anticipates a potential cycle top of $180,000 for BTC price, based on a combination of factors, including the spot Bitcoin exchange-traded funds (ETFs), and the new supply reduction from the upcoming Bitcoin halving.
Benayoun explained:
“If we look at historical performance, with every cycle the multiple on the all-time is getting lower. So if we apply this reasoning it could be 2x to 3x what we saw in the previous cycles, so let's say around $120,000 to $180,000 per unit.”
Improving financial policy in the United States will also contribute to Bitcoin’s price appreciation, according to Benayoun:
“The market is pricing in a reduction in interest rates because they have been flatlining, so it’s reasonable to expect them to go down in the near future.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
#BTC🔥🔥🔥🔥 #Bulish #trendingtoic #copied
El Salvador's President Nayib Bukele has announced that the country plans to buy one Bitcoin every day until it becomes impractical with traditional fiat currencies.
#HotTrends
#HotTrends
