Technical Analysis: $TROY
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/USDT
TROY/USDT has been exhibiting strong bullish momentum, currently trading at $0.003704. With a recent surge of 46.17% in the last 24 hours, traders are keen to identify key levels to watch.
Key Levels to Monitor
1. Support Level: $0.003600
This level has proven to be a solid support area. If TROY retraces, this level will likely act as a cushion against further declines. A bounce off this level could signify continued bullish strength.
2. Resistance Level 1: $0.003800
As TROY approaches this psychological resistance, traders should observe how the price reacts. A breakthrough could pave the way for more upside potential.
3. Resistance Level 2: $0.004000
This target is critical for bullish continuation. A strong close above this level would indicate that TROY is gaining traction and could lead to further rallies.
Conclusion
Traders should keep an eye on these levels as the market develops. With TROY's current upward trajectory, the potential for gains looks promising, but risk management remains essential.
Feel free to adjust any part of this post or let me know if you need additional information!
The $HARD /USDT 15-minute chart showcases a pullback from a recent high of 0.1534, with the price currently stabilizing around 0.1402.
This setup suggests potential for a short-term recovery if buyers maintain control.
A strategic entry near 0.1400 could capture any renewed upward momentum. For profit-taking, set TP1 at 0.1430, TP2 at 0.1460, and TP3 at 0.1490 to align with a conservative target strategy. For risk management, consider a stop loss at 0.1350 to protect against unexpected declines.
This setup is balanced for traders looking to capitalize on the recent dip with gradual, closely spaced targets to secure gains efficiently.
#Therapydogcoin #USElections2024Countdown #TetherAEDLaunch #BTCMiningRevenue
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🚀 Bitcoin's historical trend suggests a post-U.S. election rally could push it past $100k! 📈 With previous elections, BTC has always surged, never returning to its election-day price. Could 2024 be the year of another crypto boom?
🔍 In 2012, BTC skyrocketed by 12,000% post-election. In 2016, it jumped 3,600%, and in 2020, it soared 478%. If this pattern holds, we might see BTC hitting $103,500 by late 2025!
💡 With BTC currently undervalued, there's potential for growth. What are your thoughts on this trend? Share your predictions in the comments!
🚀 Bitcoin's Post-Election Rally: A Historical Trend?
- With the U.S. presidential election around the corner, crypto enthusiasts are eyeing Bitcoin's potential rally. Historically, Bitcoin has surged after elections, with significant gains in 2012, 2016, and 2020.
- Analysts suggest Bitcoin might hit $100,000 by late 2025, despite current undervaluation compared to past cycles. The trend of diminishing returns continues, but a 47.8% post-election rally could be on the cards.
- What are your thoughts on Bitcoin's future? Share your predictions in the comments! 📈
$USTC
What Happened to Terra?
What Happened to Terra?
Over the course of a week’s time in 2022, the collapse of stablecoin Terra and its sister token, Luna, wiped out almost an estimated half-a-trillion USD from the cryptocurrency markets. So what is Terra and how did this happen
Terraform Labs was founded in 2018 to use blockchain technology that aimed to create a decentralized finance network. The blockchain used TerraUSD and its sister token, Luna, to create an algorithmic stablecoin system.
Terraform Labs, or Terra for short, was founded by Stanford University-educated, ex-Apple and Google Engineer, Do Kwon. The TerraUSD stablecoin, known by its ticker UST, aimed to maintain a value of 1 USD by using a parallel floating rate cryptocurrency, Luna (LUNA), to back up the target peg.
Based on the promise of the TerraUSD/Luna ecosystem and the massive crypto market run-up, LUNA achieved a high of almost $120 a token in March of 2022, spawning dedicated fans who called themselves ’Lunatics’ and Kwon was the “King of the Lunatics.”
However, in May of 2022, Terra experienced the cryptocurrency equivalent of a bank run, where depositors lost confidence in the tokens and all raced for the door at the same time. By May 16, the Terra stablecoin and Luna token were all but dead, with some media outlets calling it a Ponzi scheme while others were calling it a rug-pull scam.
blockchains and decentralization and chose to split the coin after the collapse. In its relaunch, Terra 2.0 focuses on using Luna to earn rewards for staking or purchasing digital art and paying fees. It is unclear what the future holds for this rebirth, but Do Kwon may face legal consequences.
Meanwhile, as Cardano enters this new phase, its founder, Charles Hoskinson, has engaged the community in a unique way. Following some recent public criticism, Hoskinson launched a poll on X asking, “Is Charles Hoskinson a cancer for Cardano?”
As of now, the vote is nearly split, with the “no” responses holding a narrow majority at 51% to 49%. However, the poll has sparked diverse reactions across the community. Some prominent $ADA supporters have defended Hoskinson and suggested the poll results might be influenced by bots or external factors.
💥💥💥 #bitcoin☀️ Bounces Back Above $69K, Then Slides to $68K: What's Next?
Bitcoin ($BTC ) has experienced significant volatility over the past few days, rebounding above $69K this morning before retreating back to around $68,991.46. This current price reflects a 1.86% increase over the past week, with a 24-hour market volume of $34.83 billion, marking a substantial 77.24% rise.
The fluctuations in Bitcoin's price can be largely attributed to the fiercely contested U.S. presidential race in key swing states. This political uncertainty has driven the Bitcoin volatility index to its highest level since late July. According to TradingView, Deribit’s Bitcoin implied volatility index (DVOL) has surged to an annualized 63.24%, also the highest since late July.
Additionally, Bitcoin’s seven-day implied volatility has spiked to an annualized 74.4%, exceeding the seven-day realized volatility of 41.4%. This increase in implied volatility is closely tied to the upcoming Federal Reserve meeting on Thursday and the anticipated election results on Friday.
Earlier this week, BTC nearly touched its all-time high, climbing to $73,500 on Tuesday, buoyed by Polymarket showing a 66% probability of Donald Trump winning. However, since then, both Trump’s odds and Bitcoin’s price have retracted, with Trump’s winning probability dropping to 55% and Bitcoin falling below $68,000 early today. According to market predictions by Polymarket, Trump’s winning odds fell from 66% to 62% on October 31 and further to 53% on November 3.
#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets
🚨 Uncovering the Shocking Truth :
Indian Crypto Scam Dupes Investors of $2.7 Million! 💰💔
In a stunning development, the police force of Andhra Pradesh, India, has embarked on an investigation into a colossal cryptocurrency scam that has rocked the financial landscape. This elaborate scheme, masterminded by an individual named Ramanjaneyulu, allegedly swindled approximately 320 unsuspecting victims, raking in an eye-watering 23 crores INR, equivalent to around $2.7 million! 😱
The Alluring Promise: Too Good to Be True? 🤔
Promising a tantalizing 10% monthly return on investments, the scam lured a diverse array of investors, from ambitious businessmen to unsuspecting officials. Some were so captivated by the promise of lucrative returns that they even resorted to taking loans to buy into the scheme. Operating since 2021, this fraudulent operation underscores the perils of the rapidly expanding crypto market in India, where dreams of quick wealth can quickly turn into nightmares. 🏦💸
A Wake-Up Call for India's Crypto Enthusiasts 🚨
This incident serves as a stark reminder of the vulnerabilities in the burgeoning crypto landscape in India. As the nation witnesses a surge in cryptocurrency adoption, the authorities are doubling down on efforts to combat such scams, ensuring that the digital financial sector remains a safe space for genuine investors. 🛡️
Educating and Empowering Investors 🎓
To safeguard against such scams, it's crucial for investors to remain vigilant and informed. Understanding the principles of cryptocurrency investments, the importance of securing digital assets, and recognizing red flags in investment schemes are vital skills in today's digital age. Remember, if an investment opportunity sounds too good to be true, it probably is! 🧠💡
As the investigation unfolds, this case will undoubtedly shed light on the mechanisms of crypto scams, empowering investors with the knowledge needed to protect their digital fortunes.
Stay informed and stay safe! 📈🔍
#scamriskwarning
In 2011, a man named Martti Malmi, one of the earliest developers of Bitcoin, needed cash to move to Japan. Bitcoin was still worth very little, so he decided to sell 10,000 BTC for about $5.02 per coin. At the time, this seemed like a reasonable deal. He got a little over $50,000, which helped with his move.
Fast forward to today, those 10,000 BTC would be worth hundreds of millions. Martti is now part of the “Bitcoin millionaire club that never was.” But he’s still a good sport about it, often joking about being Bitcoin-rich in spirit. His story has become a reminder of how quickly the world of crypto can change—sometimes for the better, and sometimes just fast enough to make you wish you’d held on!
#TwinsTulip #Write2Earn! #ScrollOnBinance #CryptoAMA #USEquitiesRebound
$USTC
USTC is no longer functioning as an algorithmic stablecoin. The Terraform Labs project, which included UST, experienced a significant collapse in May 2022. Since then, the project has undergone a hard fork, resulting in the creation of the Terra Classic blockchain and the USTC token.
USTC is now essentially a remnant of the original Terra project and does not operate on an algorithmic stablecoin protocol. It no longer maintains a stable peg to the US dollar and is subject to market forces like any other cryptocurrency
source :
https://corporatefinanceinstitute.com/resources/cryptocurrency/what-happened-to-terra/#:~:text=This%20caused%20what's%20known%20as,16%2C%20the%20Terra%20stablecoin%20and
🚀 Terra Tokens Surge After Massive Burn! 🚀
The Terra community just witnessed a significant event!
- TFL's Massive Burn: TerraForm Labs completed a huge burn linked to the Shuttle Bridge, sparking interest in LUNC and USTC.
- USTC's 10%+ Gain: Following a successful burn proposal, USTC saw double-digit gains, pushing towards its de-peg recovery efforts.
- Binance Burns Over 1 Billion LUNC: Continuing its support, Binance executed its 27th batch of LUNC burns, contributing to over 66.66 billion LUNC removed from circulation.
The Terra ecosystem's efforts in reducing token supply through burns aim to revitalize LUNC and USTC, impacting market dynamics significantly. Despite recent price dips, the community's proactive approach could signal brighter days ahead for Terra tokens.
#TerraLuna #USTC #LUNC #CryptoBurns #BlockchainNews #Write2Earn