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🚨 BIG NEWS: The Delhi High Court has asked ED and FIU 🇮🇳 to investigate the ₹2000 crore hack on #WazirX This is a big moment for the Indian crypto community! Authorities are finally looking into something other than taxes—time to find the truth. There are rumors that the hack might be an insider job, and WazirX users can now go to civil court to get their funds back. Let’s see what happens next.
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#BOMEUSDT broke out and retested the s/r zone on daily timeframe🔥 Up we go🚀 $BOME #DYOR
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🔥 How Coin Burn Helps to Correct Prices Cool Fact In 2021, Binance burned over $595 million worth of its own BNB tokens. What is Coin Burn? 🔵Coin burn is a process where cryptocurrency tokens are permanently removed from circulation. This isn't just a digital disappearance act; it's a strategic move often embedded in the crypto project’s protocol. 🔵When coins are burned, they're sent to a special address that is verifiably unspendable, effectively locking them away forever. Imagine throwing coins into a black hole from which they can never return. 🔵This process is verifiable on the blockchain through a method known as Proof of Burn (PoB), where anyone can check that the tokens have been permanently removed from circulation. Why is Coin Burn Done? 🔵Deflationary Effect: Just like reducing the supply of a rare collectible, burning coins decreases the total supply of a cryptocurrency, which can increase its value. 🔵 Rewarding Holders: By reducing the overall supply, the relative value of the remaining tokens can increase, benefiting long-term holders. 🔵 Transaction Verification: Some blockchains use coin burning as a method to verify transactions, ensuring that the network remains secure and efficient. 🔵Correcting Mistakes: If too many tokens were initially distributed or if tokens were mistakenly issued, burning them helps to correct these errors. 🔵 Community Trust: Demonstrating a commitment to the project’s long-term success, developers might burn their own tokens to show they aren’t in it for short-term gains. Summing up 🔵Many blockchains use smart contracts that automatically burn a portion of transaction fees. 🔵More and more projects are adopting this practice because reducing supply can lead to an increase in the asset's price. $BNB
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📈$LEVER (1D) Analysis: The LeverFi chart hints at a bullish trend forming in the short term with a potential breakout. A wedge pattern indicates an upward move within 30 days. Keen eyes will notice the recent consolidation, suggesting potential momentum building up. Price Targets: Look for a push towards $0.002520 initially. If strong sentiment persists, aim for the higher target around $0.003770. Keep an eye on the support near $0.001930, ensuring it holds steady. $LEVER #SCRSpotTradingOnBinance #DYOR
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📈 $AXS (12H) Analysis: AXL/USDT is forming a symmetrical triangle on the 4-hour chart, hinting at a breakout. This could lead to a significant price movement if it successfully retests the breakout. Price Targets: Watch for a potential surge to $7.37 to $9.47, a 40-80% increase if the breakout holds. Keep an eye on the price at $5.26 for entry signals. $AXS #SCRSpotTradingOnBinance #DYOR
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