𝗟𝗘𝗦𝗦𝗢𝗡𝗦 𝗙𝗥𝗢𝗠 𝟮𝟬𝟮𝟭 𝗕𝗨𝗟𝗟 𝗥𝗨𝗡
During the 2021 bull run, many investors profited significantly from meme coins, only to cash out at the peak and shift their funds into utility coins (those with real use cases). However, when the market turned bearish in 2022, many of these investors faced substantial losses.
Meme coins often deliver explosive returns but tend to vanish in bear markets. In contrast, utility coins generally yield lower profits but maintain their relevance, even during downturns. If a utility coin falls back to its pre-bull market price, it still retains its utility and potential benefits. For those who bought in before the bull run and took profits, there’s no need to reinvest during the bear market, as they can continue to benefit from staking rewards and airdrops.
This is why I emphasize the importance of balancing your portfolio by investing in both meme and utility coins. While meme coins may provide the potential for 100x and 1000x returns, utility coins offer stability and ongoing rewards, even after the excitement subsides.
Examples of established utility coins include Ethereum, BNB, Solana, TRON, XRP, DOT, Avalanche, Polygon, Algorand, Cardano, and Cosmos, TON all of which were strong projects before the 2021 bull run. New utility coins like Arbitrum (ARB), Optimism (OP), Sei (SEI), Sui (SUI), Kaspa (KAS), TIA, and Injective (INJ) have also emerged.
Instead of expecting massive gains from utility coins, aim for more modest profits—doubling or tripling your investment is realistic. Focus on holding a diversified portfolio; don’t allocate all your capital to meme coins. Remember, the goal is to profit during the bull run and continue earning afterward.
Cryptocurrency will persist beyond the bull run. When the noise subsides, many will return to utility coins, but by then, it may be too late to capitalize on their potential.
#BinanceBlockchainWeek #USADPSurges #BTCBreak71K #USJobOpeningsDip #USJobOpeningsDip
🚀 Hey! Here are some Morning Highlights from Binance Blockchain Week! 🚀
Our CEO, Richard, opened the day with “momentum” as the theme for 2024, celebrating a transformative year for blockchain with key milestones like ETF approvals and institutional growth.
“This is our moment to shape crypto’s future,” he shared. full article [here]
Then, Khalfan Belhoul, CEO of the Dubai Future Foundation, highlighted Dubai’s rise as a global innovation hub and praised Binance for advancing regulatory standards and driving blockchain’s evolution. full article [here]
Stay tuned for more Highlights throughout the day as we explore the future of Web3! 💡✨ #BinanceBlockchainWeek
🚀 Coinbase Q3 Earnings Miss Estimates, Shares Dip! 🚀
Coinbase's Q3 earnings report fell short of Wall Street's expectations, with revenue hitting $1.2B vs. the expected $1.26B. EPS also missed, coming in at $0.28 vs. the anticipated $0.45. Adjusted Ebitda was $449M, below the $469.2M estimate. 📉
Despite weaker market conditions, VP Anil Gupta highlighted growth in some areas and expressed overall satisfaction with the results. Transaction fees, Coinbase's main income source, fell 27% due to lower trading volumes.
What are your thoughts on Coinbase's strategy to diversify revenue streams? Share below! ⬇️ #Crypto #Coinbase
🚀 Big moves from MicroStrategy! The Bitcoin development giant, led by Michael Saylor, just unveiled their bold "21/21 Plan" to raise a whopping $42 billion over the next three years to buy more BTC! 💰
📈 With $21B in equity and $21B in debt offerings, they're aiming to boost their BTC holdings as a treasury reserve asset. Phong Le, CEO, highlighted their goal to achieve higher BTC Yield, now targeting 6%-10%, up from 4%-8%.
🔍 Despite a 10% dip in after-hours trading, MSTR shares are still up 250% YTD. What do you think about their ambitious plan? Share your thoughts below! #Bitcoin #CryptoNews
**MicroStrategy's Bold Bitcoin Plan: $42 Billion Capital Raise! 🚀**
MicroStrategy, led by Executive Chairman Michael Saylor, has unveiled an ambitious "21/21 Plan" to raise $42 billion over the next three years. The goal? To purchase more Bitcoin as a treasury reserve asset. The plan includes $21 billion in equity raises and $21 billion in debt offerings.
- **Current Holdings**: As of mid-September, MicroStrategy holds 252,220 bitcoins, worth over $18 billion at current prices.
- **Capital Raise**: The company has $891.3 million left from previous raises.
- **BTC Yield**: Target range revised to 6%-10%, with Q3 yield at 17.8%.
What do you think about MicroStrategy's bold move? Share your thoughts in the comments!
🚀 Ethereum on the Rise! 🚀
Ethereum (ETH) has broken its recent downtrend against Bitcoin, surging by 2.5% in the past 24 hours. This upward action coincided with $17 million in short positions being liquidated, hinting at a potential shift in momentum.
Despite competition from layer-2 networks, Ethereum continues to dominate the DeFi space, controlling over 55% of total value locked (TVL). This dominance, coupled with renewed market interest, positions ETH as a strong contender for further gains.
With key resistance around $2,700, traders are optimistic that ETH could push past this level and extend its rally. Keep an eye on Ethereum as it gains momentum alongside Bitcoin! 🌟
🚀 MicroStrategy's "21/21 Plan" is here to shake things up! 🎉 Despite no new BTC buys since mid-Sept, they're gearing up to raise a whopping $42B over the next 3 years to stack more Bitcoin! 💰
Led by the ever-bold Michael Saylor, they're splitting it 50/50: $21B in equity and $21B in debt. Their goal? Boost that sweet BTC Yield to 6%-10%! 📈
With 252,220 BTC already in their stash, worth over $18B, they're not slowing down. Shares dipped 10% after hours, but hey, they're still up 250% YTD! 🚀
What do you think of this bold move? Let's discuss in the comments! 💬 #DeFi #Web3 #Bitcoin
MicroStrategy has announced a $42 billion capital plan, with $21 billion specifically allocated for acquiring Bitcoin. This significant move reflects the company's strong confidence in the future of cryptocurrency.
To date, MicroStrategy has invested $9.89 billion to acquire 252,200 BTC. With this new plan, they aim to more than double their Bitcoin holdings, bringing their total investment to approximately $30 billion.
The execution of this plan is set over the next three years, indicating a long-term strategic approach. This development underscores a bullish outlook on Bitcoin's potential and market growth.
Ethereum Gains Momentum Against Bitcoin
Ethereum (ETH) has shown notable strength over the past 24 hours, breaking its recent downtrend against Bitcoin (BTC) with a 2.5% rise. This surge coincided with the liquidation of $17 million in short positions, suggesting a potential shift in ETH’s momentum.
Ether Surges Ahead of Bitcoin
ETH's recent gains are significant, especially given its previous underperformance relative to Bitcoin. The liquidation of short positions has led to a "short squeeze," potentially driving prices higher as more shorts cover their positions.
Ethereum Dominates DeFi
Despite competition from layer-2 networks, Ethereum maintains a leading role in the DeFi space, controlling over 55% of total value locked (TVL). This dominance enhances ETH’s appeal amid volatile market conditions.
Potential for Further Gains
The current short squeeze may be the beginning of further gains for ETH. With institutional interest in Ethereum-based ETFs growing, ETH could see additional upward momentum.
Key Price Levels
ETH faces resistance around $2,700, a critical level that has twice rejected upward movement. Breaking this resistance could lead to a rally toward previous all-time highs.
Ethereum’s Outperformance Potential
With renewed momentum, Ethereum may outpace Bitcoin. As market excitement builds around ETH ETFs and its DeFi dominance, traders remain optimistic about ETH’s future trajectory.
MicroStrategy has announced a $42 billion capital plan, with $21 billion earmarked for acquiring Bitcoin, signaling a significant bullish stance on the cryptocurrency market.
To date, MicroStrategy has invested $9.89 billion to acquire 252,200 BTC. The new plan aims to more than double this investment, potentially bringing their total Bitcoin holdings to approximately $30 billion over the next three years.
This strategic move underscores CEO Michael Saylor's strong belief in Bitcoin's long-term value. The phased execution of this plan over the next three years reflects a calculated approach to capital allocation in the volatile cryptocurrency market.