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BITCOIN UPDATE! 👀👀😎😎 Bitcoin has once again dropped to the support area and is currently holding this level. The testing of the support area is positive, and we may anticipate some sideways movement around the support area. This could potentially represent the final dip before the next significant movement. #BinanceTournament #AirdropGuide #bitcoin #BTC #BlackRock

Educational Post for #BinanceSquareFamily What Is Chain Abstraction? Chain abstraction is NEAR’s idea of simplifying how users interact with blockchain technology by separating it from the user experience (UX). The goal is that users should not be aware of the specific blockchain they are interacting with or even realize that they are using a blockchain. How Does Chain Abstraction Work? Efficiency Imagine if you could only send messages from an iPhone to another iPhone but not to Android phones. That would be inefficient and impractical. Similarly, users should be able to interact with decentralized applications (DApps) across different blockchains without unnecessary hurdles. The goal of chain abstraction is to remove or hide the complexities of blockchain technology, allowing users to focus on the functionality and benefits of the DApps they use. For instance, if Sarah wants to use a new DApp called XYZ, she should not have to worry about which blockchain it is built on. From a user perspective, she just wants it to work well and fulfill its purpose. Similarly, millions of people use the internet every day, but only a smaller percentage understand the technology behind it and how it works. As long as it works as intended and adds value to users, there is no reason for the average user to fully grasp its technical details. Transactions Imagine using a DApp that allows you to easily transact across multiple networks and navigate different services. For instance, imagine that Sarah opens the XYZ app on her phone, orders a coffee, and sees a discount for her favorite clothing store. She buys a pair of shoes, earning rewards that are stored as non-fungible tokens (NFTs) on Ethereum. Later, she notices a special offer tied to her reward and buys tickets to an event, which are also NFTs, but on BNB Smart Chain (BSC). All these transactions could happen in a single app, removing the need for Sarah to manage multiple wallets, switch networks, or directly handle transaction fees. #BinanceTournament #bitcoin #BTC #AirdropGuide

Nvidia Surpasses Microsoft in Market Cap, Becoming Most Valuable Public Company ! Nvidia is now the world's most valuable public company, surpassing Microsoft with a market cap of $3.33 trillion. The company's shares have surged over 170% this year due to its dominance in AI chips used by major tech companies. Nvidia's rise has significantly boosted co-founder Jensen Huang's net worth to $117 billion. #Nvidia #Nvidia's #Microsoft #BinanceTournament

These 11 crypto tokens #mememcoinseason2024 fit the cycle’s narrative while most altcoins bleed in Q2 2024. Crypto analyst notes that 8% of altcoins noted positive performance in Q2 2024. Eleven tokens in the meme coin, AI, DePin and other categories fit the narrative of the cycle could offer gains to holders. Crypto is currently facing a bloodbath, with most tokens extending their losses on Tuesday, market cap drops under $2.5 trillion. The crypto market has experienced a decline in prices this week, most altcoins wiped out their gains in the past 24 hours. Bitcoin is ranging close to $65,000, while narratives like meme coins, Artificial Intelligence (AI), DePin and others gain traction in this cycle. Research by analyst Crypto Koryo shows that only 8% of altcoins have shown positive performance in Q2 2024. Of this 8%, 11 tokens are aligned with the narrative and could see recovery. Top 11 tokens for the ongoing cycle Crypto Koryo, analyst and researcher, analyzed several categories of altcoins in Q2 2024 and listed the best and worst-performing altcoins. Eleven tokens from various narratives like Gaming, AI, meme coin, DePin, Real World Asset (RWA) tokenization, among others, are best fitted to perform this cycle, per Koryo’s analysis. #BRETTmania #BRETT #CryptoNewss

DOGE sees high liquidations as meme coin sector bleeds heavily DOGE sees nearly $60 million in long liquidations following 18% dive.DOGE could see support at the $0.109 level based on on-chain data.Meme coin sector is down more than 16% as WIF, BRETT, MAGA take heavy losses. Dogecoin's (DOGE) sharp decline earlier on Tuesday wiped off nearly $60 million from the crypto market as tokens in the meme coin sector struggled with huge losses. DOGE liquidations nears that of Bitcoin Dogecoin long traders took a heavy hit on Tuesday as DOGE's 18% dive within 3 hours triggered long liquidations worth about $60 million. This marks DOGE's largest daily liquidation since May 2021. As a result, DOGE open interest (OI) declined by 11% in the past 24 hours. The increased DOGE liquidations are quite notable, considering they approached levels usually seen in Bitcoin and Ethereum, which have larger market caps and trading volumes. #mememcoinseason2024 #doge⚡ #wifhatdog #pepe⚡ #MAGA

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