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#BinanceLaunchpool
SAGA entry price prediction and entry guidance
#SAGA $SAGA
😍SAGA is listed on Binance’s Launchpool today
🤩The excavation continues. This time it is the 51st issue. I personally think it is an auspicious number.
SAGA, which will be launched on the mainnet in April, is connecting the three major public chain systems of Polygon, Avalanche, and Celestia, and creating a thousand-game ecosystem in the field of games and entertainment.
It should be noted that in the past two years, more than 350 game and entertainment projects have entered the Saga protocol. Among them, 80% are games, and entertainment and DEFI account for 10% each
Based on my understanding of SAGA's white paper, I personally think that the currency that can be compared is the leading currency in the GAMEFI sector, which is a hot topic in the currency circle.
According to non-small data, the supply of GALA is currently 35.2 billion, the current price is $0.055, and the supply market value is $1.936 billion.
After SAGA goes online, the circulation volume accounts for 9%. With a circulation volume of 1 billion, 90 million are in circulation
If it reaches the market value of the leader of the GAMEFI sector, the price will be $21.5. Of course, this price may be a target price for SAGA in the future. I personally think that if the price of SAGA reaches $10 during the opening FOMO phase, which is half of the market value of the equivalent GALA supply, it may be sold off
From the perspective of Binance Launchpool, the quota is 45 million BNB. As of the afternoon of April 5, the total amount of BNB pledged is 17,585,114, and the BNB mining pool has 36 million SAGA. According to the past income of Launchpool, the yield of staking for three days is generally around 1.5%. Then according to the current staking ratio, the average price of SAGA on the opening day is $4.17
$FDUSD $BTC $BNB #Memecoins #Sagatoken
SAGA entry price prediction and entry guidance
#SAGA $SAGA
😍SAGA is listed on Binance’s Launchpool today
🤩The excavation continues. This time it is the 51st issue. I personally think it is an auspicious number.
SAGA, which will be launched on the mainnet in April, is connecting the three major public chain systems of Polygon, Avalanche, and Celestia, and creating a thousand-game ecosystem in the field of games and entertainment.
It should be noted that in the past two years, more than 350 game and entertainment projects have entered the Saga protocol. Among them, 80% are games, and entertainment and DEFI account for 10% each
Based on my understanding of SAGA's white paper, I personally think that the currency that can be compared is the leading currency in the GAMEFI sector, which is a hot topic in the currency circle.
According to non-small data, the supply of GALA is currently 35.2 billion, the current price is $0.055, and the supply market value is $1.936 billion.
After SAGA goes online, the circulation volume accounts for 9%. With a circulation volume of 1 billion, 90 million are in circulation
If it reaches the market value of the leader of the GAMEFI sector, the price will be $21.5. Of course, this price may be a target price for SAGA in the future. I personally think that if the price of SAGA reaches $10 during the opening FOMO phase, which is half of the market value of the equivalent GALA supply, it may be sold off
From the perspective of Binance Launchpool, the quota is 45 million BNB. As of the afternoon of April 5, the total amount of BNB pledged is 17,585,114, and the BNB mining pool has 36 million SAGA. According to the past income of Launchpool, the yield of staking for three days is generally around 1.5%. Then according to the current staking ratio, the average price of SAGA on the opening day is $4.17
$FDUSD $BTC $BNB #Memecoins #Sagatoken
U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
The U.S. jobs market continues to exhibit strength with the government reporting the addition of 303,000 jobs last month. That's the strongest headline number since May 2023 and easily topped economist forecasts for 200,000 and February's 270,000 additions (revised from a previously reported 275,000).
The unemployment rate in March dipped to 3.8% against expectations for 3.9% and February's 3.9%.
The price of bitcoin {{BTC}} fell about 0.5% in the minutes following Friday morning's report to $66,000. In traditional markets, U.S. stock index futures gave up a chunk of earlier gains, but are still modestly higher. The 10-year U.S. Treasury yield rose 6.5 basis points to 4.38% and the dollar index added 0.5%.
Coming into 2024, markets had priced in as many as five or six U.S. Federal Reserve rate cuts to begin as soon as March. The economic data, however, hasn't cooperated. Inflation has actually risen somewhat in the first quarter of the year and job growth has remained robust.
March has obviously come and gone with no rate cut and traders ahead of today's numbers had moved expectations of the first rate cut to June or July, according to the CME FedWatch Tool. A total of just three rate cuts are expected for the full year and even that could be too much.
Speaking yesterday, Minneapolis Fed President Neel Kashkari suggested the possibility of no rate cuts at all in 2024. His remarks prompted a sharp reversal in stocks, with the major averages closing down more than 1%. Just following today's numbers, swaps trading indicated expectations for the first rate cut had moved out to September.
Checking other report details, the labor force participation rate rose to 62.7% from 62.5%, suggesting sizable numbers of people returning to the workforce. Average hourly earnings rose 0.3% in March, in line with expectations and up from 0.2% in February. On a year-over-year basis, average hourly earnings rose an in line 4.1%, down from 4.3% in February.
The U.S. jobs market continues to exhibit strength with the government reporting the addition of 303,000 jobs last month. That's the strongest headline number since May 2023 and easily topped economist forecasts for 200,000 and February's 270,000 additions (revised from a previously reported 275,000).
The unemployment rate in March dipped to 3.8% against expectations for 3.9% and February's 3.9%.
The price of bitcoin {{BTC}} fell about 0.5% in the minutes following Friday morning's report to $66,000. In traditional markets, U.S. stock index futures gave up a chunk of earlier gains, but are still modestly higher. The 10-year U.S. Treasury yield rose 6.5 basis points to 4.38% and the dollar index added 0.5%.
Coming into 2024, markets had priced in as many as five or six U.S. Federal Reserve rate cuts to begin as soon as March. The economic data, however, hasn't cooperated. Inflation has actually risen somewhat in the first quarter of the year and job growth has remained robust.
March has obviously come and gone with no rate cut and traders ahead of today's numbers had moved expectations of the first rate cut to June or July, according to the CME FedWatch Tool. A total of just three rate cuts are expected for the full year and even that could be too much.
Speaking yesterday, Minneapolis Fed President Neel Kashkari suggested the possibility of no rate cuts at all in 2024. His remarks prompted a sharp reversal in stocks, with the major averages closing down more than 1%. Just following today's numbers, swaps trading indicated expectations for the first rate cut had moved out to September.
Checking other report details, the labor force participation rate rose to 62.7% from 62.5%, suggesting sizable numbers of people returning to the workforce. Average hourly earnings rose 0.3% in March, in line with expectations and up from 0.2% in February. On a year-over-year basis, average hourly earnings rose an in line 4.1%, down from 4.3% in February.
According to CryptoPotato, the cryptocurrency industry appears to be entering a new bull market, with Bitcoin (BTC) reaching a new all-time high and the total market capitalization nearing its peak. The fourth halving, expected to occur in about two weeks, historically acts as a catalyst for future price increases for not only BTC but also many other assets. Consequently, numerous crypto analysts have projected impressive price predictions for Bitcoin and various altcoins.
Content creator JakeGagain, who has over 250,000 followers, is the latest to make such predictions. His tweet indicates that he expects BTC to surge to $175,000 by 2025. This forecast aligns with several others made by prominent entities like Standard Chartered and industry experts such as Tom Lee and Mark Yusko. They had set a price target of $150,000 for this year, making $175,000 in 2025 seem plausible.
Dogecoin's situation is also noteworthy. The original meme coin has garnered support from various prominent figures, including Elon Musk, and is predicted to reach $1. Although Dogecoin did not achieve this level during the previous bull cycle, many experts believe it could happen in 2024 or 2025.
Ripple's native token also has a robust community backing it. Price predictions range from $1 to $5 or $6, similar to Jake's forecast for next year. However, Ripple's ongoing legal dispute with the US Securities and Exchange Commission creates significant uncertainty for XRP. Past rulings in this legal battle have significantly impacted XRP's price, indicating potential volatility once the case concludes. If Ripple emerges victorious, XRP could indeed reach new heights.
#Bitcoin
#Ripple
Content creator JakeGagain, who has over 250,000 followers, is the latest to make such predictions. His tweet indicates that he expects BTC to surge to $175,000 by 2025. This forecast aligns with several others made by prominent entities like Standard Chartered and industry experts such as Tom Lee and Mark Yusko. They had set a price target of $150,000 for this year, making $175,000 in 2025 seem plausible.
Dogecoin's situation is also noteworthy. The original meme coin has garnered support from various prominent figures, including Elon Musk, and is predicted to reach $1. Although Dogecoin did not achieve this level during the previous bull cycle, many experts believe it could happen in 2024 or 2025.
Ripple's native token also has a robust community backing it. Price predictions range from $1 to $5 or $6, similar to Jake's forecast for next year. However, Ripple's ongoing legal dispute with the US Securities and Exchange Commission creates significant uncertainty for XRP. Past rulings in this legal battle have significantly impacted XRP's price, indicating potential volatility once the case concludes. If Ripple emerges victorious, XRP could indeed reach new heights.
#Bitcoin
#Ripple