In today's article, we will focus on why the technology on #Arbitrum is so exceptional and why so many projects are being built on it. It can be expected that Arbitrum has a truly great future ahead, and we will look at the main reasons why this is the case. Arbitrum is a blockchain technology designed to improve the scalability and efficiency of #Ethereum , a leading platform for smart contracts. Arbitrum achieves its goals through a technique called "rollups," which allows transactions to be processed off the main Ethereum blockchain ("off-chain") and then submits only summarized data back to the main network ("on-chain"). Here's how it works: 1. Off-Chain Computations: Transactions and computations are carried out off the main Ethereum blockchain in an "off-chain" layer. This means that instead of every transaction being processed and verified by all participants of the Ethereum network, these steps are carried out off the main network. 2. Rollups: The rollup technique summarizes the results of these transactions into a single data packet, which is then sent back to the Ethereum blockchain. This significantly reduces the amount of data that needs to be processed and stored on the main network, increasing its scalability and efficiency. 3. Security and Consensus: Although most transactions occur off-chain, the security of #ARB rollups is still ensured by the security of the Ethereum blockchain. This means that even though transactions are carried out off-chain, the final consensus and confirmation still depend on the Ethereum network. 4. Interoperability with Ethereum: Arbitrum is designed to be fully compatible with Ethereum. This means that developers can easily migrate existing smart contracts from Ethereum to Arbitrum without needing significant code modifications. 5. Price prediction: With Michaël van de Poppe’s bullish perspective and Arbitrum’s current trajectory, the crypto community keenly observes the token’s progress. The anticipation revolves around whether Arbitrum can sustain its growth and achieve the projected $2 milestone in short term. Arbitrum’s recent surge and the projections by Michaël van de Poppe highlight a moment in the cryptocurrency market. Near term target $5 and 2024 target $10-15. Thanks to these features, Arbitrum enables faster and cheaper transactions without compromising the security and decentralization provided by the Ethereum network. This makes it an attractive choice for developers and users looking for more efficient solutions for executing smart contracts and blockchain-based applications. 💥If this article caught your interest, don't forget to follow us and give a like. Throughout this year, we will bring you the most interesting analyses and tips to help you get rich🐳
Solana’s meteoric rise in recent months hit a snag on Thursday, plunging 8% as the price slipped below $100. This crash is a stark reminder of the crypto market’s volatility and was partly fueled by profit-taking from some of Solana’s biggest whales. A single whale, identified by Lookonchain, dumped 303,756 SOL ($38.2 million) on Binance, likely triggering a wave of selling. This was also not this whale’s first time, as data shows this particular whale has a history of strategic SOL trades, reaping hefty profits along the way.
In September, the whale withdrew SOL at $20, then deposited it again at $43 in November, pocketing a cool 115% profit. Even after this recent sale, the whale still holds a sizable stake worth over $17 million. Despite recently flipping XRP on the market cap rankings and surging past BNB to #4, these transactions pushed SOL down enough for BNB to surpass it again in the rankings. However, this wasn’t a solo act. Social media buzz from whale trackers indicates further large SOL transfers from private wallets to exchanges, suggesting widespread profit-taking or risk reduction among whale investors. Two particularly notable transactions included the movement of $183 million in SOL to Coinbase and $11.5 million to the same exchange from another private wallet. These transactions, coupled with traders shifting funds from SOL into stablecoins, created a domino effect, sending the price crashing before settling at $98. Can Solana (SOL) Recover? Despite the dip, it’s important to remember the bigger picture. The SOL community has witnessed tremendous growth this year, and even with $18.6 million in liquidations, mostly through long positions, Solana has already clawed back to $105.88, showing a 6.57% in 24 hours, demonstrating its enduring bullish momentum. Solana has also experienced a 6.39% surge in trading volume. Its current trading volume of $45 billion shows the bulls doing their best to keep their digital asset afloat and not yielding any ground to a further decline. The recent surges have shown that SOL has potential, and this performance is enough to strengthen the faith of the Solana community despite this minor setback. Some of the top crypto analysts recently revealed the reasons for their bullish stance on Solana and three other cryptocurrencies, and it will be intriguing to see how Solana’s recovery progresses as we enter the new year. #SOL #Solana
Understanding candles - How To Grow Your Trading Accuracy - Practical Tutorial
Intraday trading is a method of investing in cryptocurrencies where the trader buys and sells cryptocurrencies on the same day without any open positions left by the end of the day. Hence, intraday traders try to either purchase a cryptocurrency at a low price and sell it higher or short-sell a cryptocurrency at a high price and buy it lower within the same day. This requires a good understanding of the market and relevant information that can help them make the right decisions. In the cryptocurrency market, the price of a cryptocurrency is determined by its demand and supply among other factors.Tools such as candlestick chart patterns offer great help to traders. We will talk about these Candlestick Charts and offer steps to help you read them.What are Candlestick Graphs/Charts? Candlesticks are a visual representation of the size of price fluctuations. Traders use these charts to identify patterns and gauge the near-term direction of price in the cryptocurrency market.Composition of a Candlestick ChartThis is how a candlestick chart pattern looks like:As you can see, there are several horizontal bars or candles that form this chart. Each candle has three parts:The BodyUpper ShadowLower ShadowAlso, the body is colored either Red or Green. Each candle is a representation of a time period and the data corresponds to the trades executed during that period.A candle has four points of data:Open – the first trade during the period specified by the candleHigh – the highest traded priceLow – the lowest traded priceClose – the last trade during the period specified by the candleHow to Analyze Candlestick Chart for Cryptocurrencies The body of the candle in a candlestick chart represents the opening and closing price of the trading done during the period for a particular cryptocurrency. Understanding this is crucial for candlestick trading. Traders can quickly see the price range of the cryptocurrency for the said period by looking at the chart. Moreover, the color of the body indicates whether the price is rising or falling. For instance, if a candlestick chart for a month with each candle representing a day has more consecutive red candles, then traders know that the cryptocurrency's price is falling.Vertical lines called wicks or shadows above and below the body show the highs and lows of the traded price of the cryptocurrency. Traders can use this information to analyze the sentiment of the market towards the cryptocurrency.Candlestick Chart Patterns Candlestick charts are an excellent way of understanding investor sentiment and the relationship between demand and supply, bears and bulls, greed and fear, etc., in the cryptocurrency market. Traders must remember that while an individual candle provides sufficient information, patterns can be determined only by comparing one candle with its preceding and next candles. To benefit from them, it is important that traders understand patterns in candlestick charts.Let's divide the patterns into two sections:Bullish PatternsBearish PatternsAnalyzing these patterns can help traders make informed decisions about buying or selling cryptocurrencies.Bullish PatternsHammer patternThis is a candle with a short body and a long lower wick. It is usually located at the bottom of a downward trend. It indicates that despite selling pressures, a strong buying surge pushed the prices up. If the body is green, it indicates a stronger bull market than a red body.Inverse Hammer patternThis is a candle with a short body and a long upper wick. It is usually located at the bottom of a downward trend too. It indicates buying pressure followed by selling pressure. It also indicates that buyers will soon have control.Bullish Engulfing patternThis is a pattern of two candlesticks where the first candle is a short red one engulfed by a large green candle. It indicates a bullish market that pushes the price up despite opening lower than the previous day.Piercing Line patternThis is a two-candle pattern having a long red candle followed by a long green candle. Also, the closing price of the second candle must be more than half-way up the body of the first candle. This indicates strong buying pressure.Morning Star patternThis is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reduction of the selling pressure and the onset of a bull market.Three White Soldiers patternThis is a three-candle pattern that has three green candles with small wicks. These candles open and close higher than the previous day. After a downtrend, this is a strong indication of an upcoming bull trend.Bearish Patterns Hanging Man patternThis is a candle with a short body and a long lower wick. It is usually located at the top of an upward trend. It indicates that the selling pressures were stronger than the buying thrust. It also indicates that bears are gaining control of the market.Shooting Star patternThis is a candle with a short body and a long upper wick. It is usually located at the top of an upward trend too. Usually, the market opens higher than the previous day and rallies a bit before crashing like a shooting star. It indicates selling pressure taking over the market.Bearish Engulfing patternIn candlestick chart analysis, this is a pattern of two candlesticks where the first candle is a short green one engulfed by a large red candle. It usually occurs at the top of an upward trend. It indicates a slowdown in the market rise and an upcoming downtrend. If the red candle is lower, the downtrend is usually more significant.Evening Star patternThis is a three-candle pattern that has one candle with a short body between one long red and a long green candle. There is usually no overlap between the short and the long candles. This is an indication of the reversal of an upward trend. This is more significant if the third candle overcomes the gains of the first candle.Three Black Crows patternThis is a three-candle pattern that has three consecutive red candles with short wicks. These candles open and close lower than the previous day. After an upward trend, this is a strong indication of an upcoming bear market.Chart patterns can be used to understand trends and sentiment of the cryptocurrency markets. There are several other patterns to explore in order to gain a deeper understanding of market movements. Use this as a starting point and continue to learn and refine your analysis skills.Happy trades and successful investments! #candles #learning #tradingStrategy $BTC $ETH $BNB
Could Solana's Record-Breaking Performance push Its Price to $200?
A new milestone was just hit by Solana in the month of December, as the cryptocurrency maintains its pattern of unprecedented growth throughout this year. Because of the nearly twofold increase in price that Solana has seen since the beginning of the month, its popularity among consumers has increased. Along the same lines as this pattern, the Solana blockchain has seen an amazing rise in the amount of user involvement over the course of this month. Although there is still one week left in the month, the monthly activity level of Solana's addresses has surpassed its previous highest point this year, achieving a new milestone of over 16.45 million in December. This is despite the fact that there is still one week left in the month. In the meantime, data that is stored on the blockchain indicates that the total number of new addresses that have been created in this month alone has surpassed 7.23 million. This rise in the number of new users flocking to the network may be an indication that the price of SOL is likely to reach $200 in the near future. Solana's Increasing Activity and Utilization of the Network More than most people would have anticipated, Solana's popularity has increased this year. Solana's market value increased as a direct consequence of this, and it quickly surpassed both XRP and BNB to become the most valuable cryptocurrency in the world. On-chain statistics from The Block indicates that the number of active addresses associated with Solana has been increasing since October, peaking at 981,380 daily transactions on December 21. This represents a new yearly record for the cryptocurrency. In the meanwhile, the number of transactions that took place in December attained a new all-time high of 16.45 million, exceeding the total of 15.24 million that was recorded in January.
Since November, when the trading volume for Solana was $86.86 billion, the current trading volume for this month is $183.99 billion, representing a 111% growth from that amount. Additionally, the blockchain has exceeded Ethereum in terms of DEX volume for a period of seven days for the very first time in history. The entire value that is locked on Solana's DeFi protocols is estimated by DeFiLlama to be $1.492 billion, which is a 580% increase over the $210.47 million that was locked on January 1.
What Possible Effects Could Increased Network Usage Have On The Price Of Solana Solana's popularity and worth are soaring as a result of the increasing number of individuals that engage with the network on a daily basis. The usefulness of Solana is increased, and the SOL token becomes more valuable and useful as a result of the active addresses' ability to carry out transactions, stake SOL, and engage with decentralized applications (dApps) on the blockchain. Within a period of thirty days, the price of BONK, which is Solana's first dog-themed meme token, has increased by 314%. This surge is particularly noticeable in BONK in particular. On the other hand, Solana just achieved a new maximum price for the year, which was $117. Due to the fact that the cryptocurrency has not been able to achieve this price level since November 2021, reaching $200 would be a significant milestone for SOL. Although the present indicators indicate that there will be more activity in order to reach this price point in the near future, the first level of resistance is located around the price level of $116, and the next level is located around $136. With a significant break over $136 and a strong overall optimistic feeling in the cryptocurrency industry in 2024, Solana would have the opportunity to continue going higher without any restrictions. #sol #BinanceWish #BinanceTournament $SOL
Explore beyond Bitcoin, these 10 Altcoins are set to offer potential gains while diversifying your portfolio. As we brace ourselves for the potential bull run of 2024, the cryptocurrency landscape buzzes with hidden gems waiting to erupt. While established players like Bitcoin and Ethereum hold their thrones, smaller altcoins also hold the potential for explosive growth. Forget "safe bets" – let's explore 10 under-the-radar altcoins poised for a mind-blowing 1000x surge in the coming year! Also read: 5 Cryptocurrencies to Buy Before 2023 Ends 1. Cosmos (ATOM) Current Price: $10.54 Market Cap: $4.29 billion
Interoperability Maestro: Cosmos is the conductor of blockchain harmony, enabling seamless communication and data exchange between disparate blockchains. This groundbreaking interchain technology bridges the fragmented crypto ecosystem, uniting isolated networks and unlocking limitless possibilities for cross-chain collaboration. Imagine DeFi protocols seamlessly interacting with gaming dApps on different blockchains – Cosmos makes it a reality.The Rising Stars of the Interchain Cosmos: Nestled within the Cosmos ecosystem are burgeoning projects like Osmosis (OSMO), Juno (JUNO), and Secret Network (SCRT), each specializing in unique DeFi, governance, and privacy solutions. As Cosmos gains traction, these interoperable tokens within its orbit are poised to rise alongside it, benefiting from the network's collective success.Community-Driven Symphony: Cosmos thrives on its passionate and engaged community. The Tendermint consensus mechanism empowers token holders to actively participate in network governance, fostering a sense of ownership and shared responsibility. This strong community is the fuel that propels Cosmos forward, attracting developers and users, further strengthening its ecosystem and propelling ATOM's value. 2. Near Protocol (NEAR) Current Price: $3.56 Market Cap: $3.90 billion Breaking the Language Barrier: Near Protocol tackles the fundamental roadblock to mass crypto adoption – human-readable smart contracts. Existing blockchains rely on complex hexadecimal codes, alienating everyday users. Near's innovative account names and readable smart contracts bridge this gap, making blockchain interactions as intuitive as sending an email.Building the Future of Web3: With its user-friendly design and developer-centric tools, Near attracts ambitious projects building the next generation of decentralized applications (dApps). Social platforms, marketplaces, and even DAOs are thriving on Near, creating a vibrant ecosystem brimming with potential. As Web3 blossoms, Near is positioned to be a cornerstone platform, boosting NEAR's value.Sharding Scalability Symphony: Near utilizes innovative sharding technology to handle high transaction volumes without compromising decentralization. This scalability ensures smooth user experience even as Near's adoption explodes. With the scalability challenge tackled, Near can cater to millions of users, paving the way for NEAR's meteoric rise. 3. Harmony (ONE) Current Price: $0.01 Market Cap: $278.53M Quantum-Fueled Scalability: Harmony isn't just another sharded blockchain; it's a symphony conducted by the groundbreaking Ethereum Virtual Machine (EVM) on a sharded stage. This unique architecture allows Harmony to inherit the vast ecosystem of Ethereum dApps while achieving mind-blowing transaction speeds and minimal fees. Imagine running your favorite DeFi protocols on a platform 10,000 times faster and cheaper than Ethereum – that's the Harmony promise.Bridging the Worlds: Harmony isn't content with just Ethereum; it embraces a multi-chain future. Its innovative cross-shard bridges connect Harmony to blockchains like Bitcoin and Binance Smart Chain, unlocking even more possibilities for interoperable DeFi and asset exchange. As the need for seamless interaction across blockchains intensifies, Harmony's bridge-building expertise positions ONE for explosive growth.Community Symphony of Builders: Harmony boasts a vibrant and inclusive community, attracting developers and users with its developer-friendly tools, hackathons, and generous grant programs. This community-driven growth fosters innovation and attracts ambitious projects, creating a virtuous cycle that reinforces ONE's value. With dedicated builders creating the future of DeFi and GameFi on Harmony, the stage is set for ONE's grand crescendo. 4. Band Protocol (BAND) Current Price: $2.088 Market Cap: $253.16 million The Data Maestro of DeFi: DeFi applications rely on accurate and timely data from the real world to function correctly. Band Protocol plays the role of the data maestro, providing secure and reliable oracles that bridge the gap between blockchains and external data sources. From weather data for agricultural dApps to exchange rates for trading protocols, Band oracles ensure DeFi instruments operate with precision.Chain Agnostic Symphony: Unlike most oracles confined to specific blockchains, Band is chain-agnostic, serving data to dApps across various protocols like Ethereum, BNB Chain, and Cosmos. This versatility expands Band's reach and influence within the ever-growing DeFi landscape, solidifying its role as the go-to data solution for the industry.The Trustworthy Chorus: Decentralization is the core of Band's design. Its network of data providers and token holders ensures tamper-proof data delivery and community governance, eliminating single points of failure and fostering trust in the oracle network. This trust is vital for the smooth operation of DeFi, making BAND a critical component of the ecosystem's future success. 5. Livepeer (LPT) Current Price: $13.59 Market Cap: $271.30 million Live Video on the Blockchain Stage: Livepeer reimagines live video streaming for the Web3 era. Its decentralized network of video nodes delivers secure, scalable, and censorship-resistant streaming, empowering creators and viewers alike. Imagine live video platforms free from corporate control and monetization models that reward creators directly – Livepeer makes it a reality.Beyond YouTube: Democratizing Live Video: Livepeer's technology isn't just for entertainment; it has applications across various industries. Educational streams, virtual conferences, and even live gaming events can benefit from Livepeer's secure and transparent infrastructure. This versatility opens doors to a vast market, driving demand for LPT in the process.Tokenizing the Network for Growth: Livepeer's native token, LPT, fuels the network's operation. Node operators stake LPT to participate in video transcoding and earn rewards, while viewers use LPT to pay for access to premium streams. This token-based ecosystem aligns incentives and incentivizes network growth, creating a positive feedback loop that propels LPT's value. 6. The Graph (GRT) Current Price: $0.26 Market Cap: $1.72 billion The Semantic Search Symphony: Imagine navigating the vast ocean of data within the Web3 universe with ease. The Graph is your compass, providing a decentralized indexing protocol for blockchain data. Its subgraphs organize and curate on-chain information, enabling developers to build powerful dApps without drowning in data. Think of it as the Google of blockchains, empowering users to discover valuable insights and trends hidden within the data.DApps in Harmony with Data: As DeFi, NFTs, and GameFi continue to blossom, the demand for efficient data access will skyrocket. The Graph's subgraphs cater to this need, providing developers with building blocks to construct dApps that seamlessly interact with on-chain data. This symbiotic relationship fuels the Graph's growth, as successful dApps drive demand for reliable data indexing, pushing GRT upwards.The Curator's Chorus: The Graph's decentralized curation mechanism empowers token holders to curate subgraphs, ensuring data quality and relevance. This community-driven approach fosters a sense of ownership and incentivizes active participation, shaping the future of Web3 data indexing and solidifying GRT's role as the go-to protocol for on-chain knowledge discovery. 7. Celo (CELO) Current Price: $0.83 Market Cap: $381.85M Mobile-First DeFi Symphony: Celo tackles a fundamental barrier to widespread DeFi adoption – accessibility. Its mobile-first approach leverages phone numbers for user identification and payment, eliminating the need for complex crypto wallets and private keys. Imagine accessing DeFi protocols with the ease of sending a text message – Celo makes it a reality, opening the door to a vast unbanked population.Stablecoin Harmony for Global Finance: Celo embraces the power of stablecoins to bridge the gap between traditional and decentralized finance. Its native stablecoin, cUSD, is pegged to the US dollar, offering price stability and facilitating seamless cross-border transactions. This focus on financial inclusion and stability positions Celo as a frontrunner in the democratization of finance, boosting CELO's value on the global stage.The Impactful Chorus: Celo's commitment to social impact is woven into its very fabric. Its "Governance by Mobile" mechanism empowers token holders to vote on proposals using their phones, ensuring inclusivity and transparency in network governance. This focus on positive social impact resonates with a growing community, attracting users and investors who value Celo's mission to make DeFi accessible and impactful for all. 8. Mina Protocol (MINA) Current Price: $1.28 Market Cap: $1.30 billion The Blockchain on a Diet: Mina Protocol revolutionizes scalability by introducing "zk-SNARKs," cryptographic proofs that allow validators to verify the state of the blockchain without downloading the entire chain. This lightweight design dramatically reduces storage requirements and transaction fees, paving the way for mass adoption. Imagine running a validator node on your phone – Mina makes it possible, opening doors to a more decentralized and accessible future.Privacy Symphony for Decentralized Apps: While blockchain offers transparency, it can also compromise user privacy. Mina tackles this challenge with its unique privacy features, enabling developers to build dApps that protect sensitive data while remaining verifiable on the chain. This balance between privacy and transparency positions Mina as a leader in privacy-preserving blockchain technology, boosting MINA's value as developers flock to its platform.The Sustainable Chorus: Mina's commitment to sustainability goes beyond its lightweight design. Its consensus mechanism, Proof-of-Stake (PoS), consumes significantly less energy than Proof-of-Work (PoW) protocols, minimizing its environmental footprint. This eco-conscious approach resonates with a growing community concerned about the environmental impact of blockchain technology, making MINA a beacon of sustainable innovation. 9. Akash Network (AKT) Current Price: $3.93 Market Cap: $554.77M The Cost-Conscious Cloud Concerto: Cloud computing is a behemoth, but its centralized nature and hefty price tags raise concerns. Akash Network offers a decentralized alternative, leveraging a global network of idle computing resources to provide on-demand, pay-as-you-go cloud services. Imagine slashing your cloud computing costs while contributing to a secure and distributed network – Akash makes it a reality. Scalability Without Compromise: Akash's secret weapon is its unique market-based mechanism. Providers compete for user jobs, driving down prices while ensuring high resource availability. This dynamic system scales effortlessly, eliminating bottlenecks and catering to growing demand for affordable cloud computing power. As the need for scalable and cost-effective computing solutions rises, AKT is poised to rise in tandem.Community-Driven Crescendo: Akash is more than just a decentralized cloud platform; it's a community-governed ecosystem. AKT token holders actively participate in network governance, voting on proposals and shaping the future of the platform. This shared ownership fosters a sense of responsibility and incentivizes community involvement, propelling Akash's growth and solidifying AKT's value. 10. Polkadot (DOT) Current Price: $7.74 Market Cap: $11.44 billion Connecting the Fragmented Blockchain Landscape: Blockchain fragmentation is a major roadblock to widespread adoption. Polkadot emerges as the conductor, uniting disparate blockchains under one roof. Its innovative parachain architecture allows independent blockchains to connect and interact seamlessly, fostering collaboration and unlocking limitless possibilities. Imagine DeFi protocols on one chain interacting with NFTs on another – Polkadot makes it a reality.Scalability Symphony Beyond Imagination: Polkadot tackles the scalability challenge head-on. Its parachain structure distributes transaction load across independent chains, enabling the network to handle massive volumes without compromising decentralization. This inherent scalability positions Polkadot to become the central hub of a thriving multi-chain ecosystem, driving demand for DOT as the network's fuel.The Governance Chorus: Polkadot empowers its community through a robust on-chain governance system. DOT holders actively participate in decision-making, shaping the network's future and ensuring its continued development. This democratic approach fosters trust and attracts users and developers who value community-driven innovation, further strengthening Polkadot's position as the leading interoperability solution. Which Cryptocurrency Should You Buy in 2024? Remember, this journey is not about blindly chasing moonshots. It's about delving into the depths of innovation, understanding the technology, and making informed decisions. Do your research, tread with caution, and above all, embrace the spirit of exploration. (Photo by Art Rachen on Unsplash )
This Solana Trader Turns 3 SOL into $250,000 in Less than 24 Hours. Here’s how
The crypto world witnessed a remarkable feat recently, as an investor transformed a modest $242 investment into a staggering $250,000 in less than 24 hours. This impressive return on investment, achieved through skillful maneuvering in the newly launched Solana-based meme coin MELON, shows the power of the crypto market and why meme coins should not be overlooked. This remarkable achievement was shared by Lookonchain (@lookonchain), a blockchain analytics platform on X. Lookonchain traced the investment back to its origin, when the investor acquired 38.5 million MELON tokens. The investor traded in 3 SOL for these tokens, planting the seeds for what would become a harvest worth hundreds of thousands of dollars within a few hours. A Remarkable Series of Events Unlike a trader who missed a $70 million opportunity with Shiba Inu (SHIB), this investor walked away with an insane profit. The investor made the purchases in two transactions. He purchased 21,538,158 MELON with 1.5 SOL in the first transaction and 16,951,948 additional MELON with another 1.5 SOL in the second. With a well-stocked portfolio of MELON, the investor patiently awaited the opportune moment to reap the rewards. As the market began to move in MELON’s favor, the investor began a series of calculated transactions. The first phase, commencing at 9 AM and extending until noon, witnessed the sale of 22.5 million MELON tokens, bringing 1,562 SOL ($143,000). Despite the massive profit he had just acquired, the investor was not done. He began a second round at 9 PM, selling an additional 16 million MELON, earning $107,000. After these transactions, the investor locked the final profit in two secure wallets, holding a profit of $107,000, and 16 million MELON. If MELON surges again, this investor could become a millionaire. This investor’s identity is unknown, and many in the community believe he is a developer of the MELON tokens. However, if these transactions were made by an investor without insider knowledge, the crypto community would have much to learn from his methods. This story is reminiscent of another investor who recently turned 1.5 SOL to $1.55 million in 16 days. The trader also bought into a new meme coin. If meme coins can keep up these amazing performances, they could be the best trading option for the coming bull run. ⚠️Disclaimer This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #Solana #SOL $SOL
Litecoin: Why the FUD around LTC may not be all bad for investors
LTC may rebound far higher than $72 in the coming days.
Long-term holders have hesitated from liquidating their LTC positions.
Litecoin [LTC] is one of the major altcoins experiencing intense negative sentiment, according to data from Santiment. AMBCrypto checked the crypto analysis tool and found out that the coin’s Weighted Sentiment was down to -2.415.
Weighted Sentiment measures the unique social volume concerning the perception the market has about a project.
So, the decline in the metric implies that the broader market was not bullish on LTC. It might seem like the market is right to lower their expectations for LTC.
Source: Santiment
This is because the coin has been consolidating between $70 and $73 for the last few days.
While the sentiment tilts toward Fear, Uncertainty, and Doubt [FUD], it could also be the catalyst that triggers a bounce for LTC. This is because, historically, extreme negative sentiment is a sign of a bullish recovery.
In an interesting twist, Litecoin’s bullish trait was not only shown in its short-term projection, but there was a glaring sign shown by the Liveliness.
Liveliness decreases as long-term holders accumulate to HODL. HODL is an acronym for Hold On to Dear Life, and it implies that investors buy tokens to keep for a long period.
If the Liveliness decreases, then it means long-term holders are liquidating their position. At press time, Litecoin’s Liveliness was 0.70, indicating that accumulation was more present than distribution was.
Source: Glassnode
AMBCrypto also checked the technical part of LTC if accumulation outpaced distribution.
According to the Accumulation/Distribution (A/D) indicator, there were more buy orders than sell ones for the coin. This implies that LTC has the potential to rise much more than $72 in the short term.
The 4-hour LTC/USD chart also considered the Relative Strength Index (RSI).
At the time of writing, the RSI was 56.55. This was a sign that LTC had exited its overbought state and may head southward. Should buying pressure increase for the coin, then a move in the $80 direction may now be invalidated.
Source: TradingView
Another metric to consider is the funding rate. Funding rates represent the difference between the spot price of a cryptocurrency and the perpetual futures market price.
If the funding rate is positive, it means traders are bullish on the price action. On the other hand, a negative funding rate suggests a bearish sentiment.
At press time, LTC’s funding rate was 0.023%. This reading suggests that there are more bullish positions open in the market than shorts.
The rebound prospect was also supported by social dominance. Social dominance compares the discussion around an asset with others in the top 100.
Source: Santiment
Is your portfolio green? Check the Litecoin Profit Calculator
Litecoins’ social dominance at the time of writing had dropped to 0.515%. This implies that there was not a lot of hype around the coin.
In terms of the price action, it means LTC was nowhere near its local top. Therefore, there is a high likelihood of an upside.
Shiba Inu’s Lead Developer Contemplates 99.9% Token Supply Burn
It would take a well-planned and massive withdrawal of tokens from circulation.
In theory, SHIB tokens might become more valuable due to their increased scarcity.
Shytoshi Kusama, the chief developer of the Shiba Inu (SHIB) cryptocurrency project, recently issued a remark that has the whole community buzzing. Kusama has brought up the prospect of limiting the amount of Shiba Inu in circulation to as little as 0.1 percent of its present volume. Many people, including investors and fans of the cryptocurrency, are talking and speculating about this statement.
The current circulating quantity of SHIB is 580 trillion, and if this idea were to be implemented, it would cause a significant change. Kusama made the comment in reaction to a sardonic offer by an opponent to destroy 99.9% of SHIB tokens, maybe with the money from Shibarium service fees.
Tough Task
A large portion of the Shiba Inu community has responded favorably to Kusama’s audacious claim. Many SHIB enthusiasts are eagerly awaiting the possible burning of enormous quantities of tokens. Many members of the community share this optimistic outlook and would love to see the value of SHIB rise after drastic supply cuts.
Though difficult, Kusama certainly countered that it is not impossible to accomplish such a feat. But getting to that level of dramatic decrease isn’t easy. It would take a well-planned and massive withdrawal of tokens from circulation to burn up 99.9 percent of SHIB’s supply. Token burns have been executed by the SHIB development team before, although on a lesser scale.
In theory, SHIB tokens might become more valuable due to their increased scarcity as a result of a lower supply. According to CoinMarketCap, at the time of writing, SHIB is trading at $0.00001103, up 1.17% in the last 24 hours.
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Phoenix Group Invests in Lyvely to Strengthen Technology and Web3 Portfolio
According to Foresight News, Phoenix Group has made a strategic investment in social networking and content monetization platform Lyvely to strengthen its technology and Web3 investment portfolio. Lyvely plans to develop a seamlessly integrated token into its platform, allowing anyone to profit from online content or services.
Solana is not exactly a new cryptocurrency, but it has only gained traction and widespread popularity in the last few years. Its astronomical rise upwards has attracted the attention of many investors, helping them discover the project’s high usability and incredible functionality. With so many people jumping in on the Solana foundation hype, many of them are left wondering whether the coin is a good long-term investment or if they should dump whatever coins they have bought before it plunges any deeper.Unfortunately, we cannot give you financial advice and won’t be able to tell you what to do with your coins — that is something you should decide for yourself. However, Solana is a really interesting project, and we’d like to examine the potential it may have in the near future.Without further ado, let’s take a look at our Solana price prediction!Solana Statistics :Solana Price: $93.9Solana Price Change 24h: 9.36%Solana Price Change 7d: 34.41%Solana Market cap: $13,454,634,610.64Solana Circulating Supply: 416,863,670 SOLSolana Trading Volume: $1,510,243,008.74Solana All time high: $260.06Solana All time low: $0.51Solana Price Prediction 7d: $88.03 --5.6Solana Fear-Greed Index: 70 GreedSolana Sentiment: BullishSolana Volatility: 11.09%Solana Green Days: 16/30 (53%)Solana 50-Day SMA: $58.35Solana 200-Day SMA: $30.83Solana 14-Day RSI: 67.69Our real-time SOL to USD price update shows the current Solana price as $93.9 USD.According to our Solana price prediction, SOL price is expected to have a -4.43% decrease and drop as low as by December 23, 2023.Our analysis of the technical indicators suggests that the current market feeling is Bullish Bearish 10%, with a Fear & Greed Index score of 70 (Greed).Over the last 30 days, Solana has had 16/30 (53%) green days and 11.09% price volatility.Solana (SOL) Technical OverviewWhen discussing future trading opportunities of digital assets, it is essential to pay attention to market sentiments. #sol #SolanaGems #Solana.blockchain #solanaphone
Starting November 13, we will select 3 users each week to win different Binance merchandise for simply posting trending topic content on Binance Square! Activity Period: Every Monday from 07:00 (UTC) to 07:00 (UTC) the following Monday, until January 1 2024 at 23:59 (UTC).
How to Get Started? Simply publish an article on Binance Square following our daily trending topics and content guidelines detailed in this form, and submit the URL. Unlimited Entries: Multiple submissions are allowed, but each eligible user is only entitled to 1 reward per week.Content Requirements: Articles must be at least 300 words, include the trending hashtag and a relevant image. Short posts or videos are not eligible.Timely Submissions: Articles must be submitted within the active period for each specific trending topic, which resets daily from Mon-Fri at 07:00 (UTC).Engagement Matters: Your content must gather at least 5 interactions (including likes, comments, or shares) to be qualified.
Let your creativity shine – we're eagerly awaiting your entries! Check out the daily trending topics, and submit your content here.
Terms and Conditions: This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevancy, article formatting, research quality, factual sourcing, and originality to ensure authenticity. Articles must also align with campaign rules.Winners will be announced via the [Binance Square Official Account](https://www.binance.com/en/feed/profile/Binance_Square_Official) before next Friday.Winners will receive a random Binance merchandise as their reward. Winners of this week will be notified via [Square Assistant](https://www.binance.com/en/feed/secretary) push before next Friday.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any account acting against the [Binance Square Community Guidelines](https://www.binance.com/en/support/faq/binance-square-community-management-guidelines-ecb50ef2012f40b2a2c4f72eaa5b569f) or [Terms and Conditions](https://www.binance.com/en/support/faq/binance-square-community-platform-terms-and-conditions-5dfcea5fbc0d4c4c9c90c2597f3da358).
Share Your #BinanceTournament Experience on Binance Square to Grab a Share of 5,000 USDT!
Activity Period: 2023-11-27 00:00 to 2023-12-24 23:59 (UTC) Join the Futures Grand Tournament and compete for 2 Million USDT in prizes! Share your tournament insights on Binance Square and get a chance to win from an EXCLUSIVE 5,000 USDT prize pool. How to Win? Simply create an original content piece related to your tournament experience or insights on Binance Square during the Campaign Period, and mention “#BinanceTournament ".Make sure each of your posts/articles receives at least three interactions (likes, comments, or shares). Remember, share your posts to draw more interactions from your friends and other Binance Square community members. The more interactions you gather, the higher your chances of winning!
Promotion A: Community Engagement Pool (3,000 USDT in token voucher) All users who create an eligible content piece during the Activity Period will qualify for an equal share of the 3,000 USDT rewards pool.
Promotion B: Top Contents Pool (2,000 USDT in token voucher) The top 10 posts with the #BinanceTournament hashtag having the highest 'like👍' reactions (other emojis reactions will not be counted) will be rewarded as follows:
Terms & Conditions This activity may not be available in your region. Only #BinanceTournament related content pieces (including posts and articles) that include the #BinanceTournament hashtag and receive at least 3 engagements (i.e., the total number of emojis, comments, or shares) during the Activity Period, will qualify as eligible content pieces. Any cases of hashtag abuse will lead to exclusion from the campaign.Only original, new content qualifies. Previous submissions are ineligible.You can create multiple content and potentially win in both promotions. However, each user is only entitled to 1 reward in promotion B. Winners will be notified via a push notification under Creator Center > [Square Assistant](https://www.binance.com/en/feed/secretary) within 15 working days after the activity ends. The USDT token voucher rewards will be distributed within 15 working days after the activity ends. Users may check their rewards via Profile > [Rewards Hub](https://www.binance.com/en/rewards-hub). The validity period for the token voucher is set at seven days from the day of distribution. [Learn how to redeem a voucher](https://www.binance.com/en/support/faq/what-are-binance-vouchers-and-how-to-redeem-acb5e3f3e3024506b8f4cedefe334d0e).Binance reserves the right to disqualify any account acting against the [Binance Square Community Guidelines](https://www.binance.com/en/support/faq/binance-feed-community-management-guidelines-ecb50ef2012f40b2a2c4f72eaa5b569f) or [Terms and Conditions](https://www.binance.com/en/support/faq/binance-feed-community-platform-terms-and-conditions-5dfcea5fbc0d4c4c9c90c2597f3da358).Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments. Binance reserves the right of final interpretation of this activity.This Campaign and the Futures Grand Tournament is only available to users who are eligible for Binance Futures trading and may not be available or may be restricted in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements.
🚀 Crypto Success Unveiled: $68 to $178,986 in 4 Days! 🌟💰
📈 Incredible Gains: My Follower Witness the journey of a crypto wallet turning $68 into a mind-blowing $178,986 within just 4 days, riding the meme coin wave with a staggering 268,897% increase! 🌊
🔍 How It Happened: - Coin of Choice: $SOL Meme coin $ANALOS - Insider Info: Secured an early position with a $68 investment - Profit: $178,986.54
💎 Strategic Moves: - Holding: 155M $ANALOS from the first purchase - Selling: Strategically sold at x1200-x1300 during parabolic growth - Current Holdings: Still holding 124M tokens (≈80%)
🔧 Tools of the Trade: - Wallet Dive: Explored wallets using @solscanofficial from 5th position - Transaction Insight: Analyzed history with @dexscreener
🤝 Partnership News: - Recent Development: @analos_coin_ announced partnership with Got-bit - Potential Impact: Speculations of leading $ANALOS to $2B market cap
🤖 Whale Strategies: - Early Buys: Smart wallets use sniper bots, like BONKbot for SOL network shitcoins
📊 Market Impact: - Early Call: @analos_coin_ skyrocketed from $4M to $100M market cap in just 4 days!
👆 Stay Ahead: - Bookmark This Thread: For valuable insights and stay ahead in the crypto game!
Perkenalan Sejak diciptakan pada tahun 2009, Bitcoin terus berkembang dan menarik perhatian orang-orang di seluruh dunia. Namun, seiring dengan popularitasnya, sejumlah mitos dan kesalahpahaman pun bermunculan. Dalam artikel ini, kami akan menghilangkan prasangka dari 15 mitos utama seputar Bitcoin, dan menjelaskan realitas di balik masing-masing mitos tersebut. Mitos 1: Bitcoin Anonim dan Cocok untuk Penjahat Berlawanan dengan kepercayaan umum, transaksi Bitcoin menggunakan nama samaran tetapi tidak sepenuhnya anonim. Sebagian besar alamat dompet Bitcoin tidak memiliki nama, namun semua transaksi dicatat di blockchain, yang berfungsi sebagai buku besar publik yang transparan. Transparansi ini menyulitkan penjahat untuk beroperasi tanpa meninggalkan jejak. Lembaga penegak hukum secara aktif menggunakan analisis blockchain untuk melacak aktivitas terlarang, sehingga menghasilkan banyak penuntutan yang berhasil. Mitos 2: Bitcoin Adalah Skema Ponzi Bitcoin sering kali dicap sebagai skema Ponzi, namun pernyataan ini menyesatkan. Skema Ponzi melibatkan penggunaan dana dari investor baru untuk membayar investor yang sudah ada, dan operator mengantongi sebagian besar dana yang terkumpul. Bitcoin, di sisi lain, adalah mata uang digital terdesentralisasi dengan kegunaan nyata. Meskipun proyek penipuan sesekali terjadi di setiap sektor keuangan, penerapan label Ponzi ke seluruh industri mata uang kripto adalah kesalahan yang terlalu menyederhanakan kenyataan yang kompleks. Mitos 3: Bitcoin Buruk bagi Lingkungan Kesalahpahaman bahwa Bitcoin pada dasarnya buruk bagi lingkungan berasal dari proses penambangannya yang boros energi. Namun, perbandingan konsumsi energi Bitcoin dengan sistem keuangan tradisional atau peralatan rumah tangga sering kali terdistorsi. Jaringan Blockchain mengkonsumsi lebih sedikit energi dibandingkan kebanyakan sistem keuangan tradisional, dan penggunaan sumber energi terbarukan untuk penambangan sedang meningkat.
Hi Binancians, The latest updates to Binance Square are available in app version 2.75. We encourage you to update your app for an improved and more efficient browsing experience. Here is a detailed overview of our new features: Reply with PicturesYou can now upload pictures when replying to, or participating in discussions under each post on Binance Square.Anti-Scam Related OptimizationBinance Square has implemented anti-scam measures for safer community interaction:Simplified Reporting Flow: Easily report scams or spams using the 3-dot menu beside posts/replies. We will notify you after our review.Note: This feature is currently available only on the website; support for the app is coming soon.Reply Restrictions: To maintain quality interactions, users without wallet assets can only reply thrice every 7 days on Binance Square.Bio Update Limit: Each user can only update their bio once per calendar year.Market News & Community Discussion on Trading PageOn the 'Square' tab under each trading page, you can find token-related news and official updates in the 'Market', alongside KOL opinions and trader insights under "Community". Feel free to engage in informative token discussions with the Binance Square community.Note: This feature is currently available only in-app, support for website is coming soon.Post Creation on Lite AppClick '+' on the 'Square' tab at the bottom right corner in the Binance Lite app to share your thoughts with the community.Show Post Count on Profile PageThe total number of posts by each creator will be displayed on their profile page.Search creators and content on WebIf you're looking for specific content or creators, simply enter keywords or the creator's name in the search bar on the Binance website.Creator Recommendations Based on Friends' FollowingThe system will automatically suggest creators to follow based on the preferences of your friends, enriching the social networking experience within the community.Web UI EnhancementThe Binance Square web interface now features a smoother user experience with the addition of a fixed navigation bar on the left side of the home page. This provides quick access to notifications, trending articles, settings, post buttons, and more for quick interaction. Stay Updated with All Things Binance Square Follow the official Binance Square account to keep up with the latest news, features, and updates, and ensure you never miss important information. Your opinion matters to us! If there's a product or feature you want to see implemented on Binance Square, don't hesitate to let us know. Submit your ideas through our customer support, and together, we'll work towards making Binance Square even better. Thank you for being a part of our community!