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$Bitcoin ETF Approval: My Insights on the Milestone and its Implications for Blockchain Adoption.
The US capital markets regulator SEC approved 11 spot bitcoin ETFs, including those by BlackRock, Vanguard, Franklin Templeton, Valkyre, Fidelity, and Invesco, on January 10.
On Friday 12 Jan 2024, investors started trading ETFs, and approval of ETFs is a watershed moment in the crypto market. ETFs will bring more stability to the price of bitcoin and liquidity risks will be reduced over time.
First, let’s start with what is Bitcoin ETF?
Bitcoin ETFs are instruments that are traded publicly on a stock exchange that enable investors to gain exposure to Bitcoin without actually owning it. An ETF is an investment fund that tracks the performance of underlying assets and moves up and down depending on asset value.
When you invest in a bitcoin ETF, you are not directly purchasing it but instead buying units in a mutual fund that holds bitcoin. Since ETFs are regulated, it is easier for investors to gain exposure to Bitcoin’s price movement, the complexity of digital currency and wallets, and the security and risk associated with it. Even without opening an account on a crypto exchange or setting up digital wallets like Trust Wallet, Binance, and Metamask for asset storage, which is a complex process,
So if we look at the ETF definition, it is simply bringing centralization to a decentralized world. That is right and much needed for the security of assets and avoiding fraud in the crypto market. But I don’t know why crypto investors are so hyped about it. ETFs are good for regulators and governments because now they can control the price of ETFs and have tighter AML/KYC rules to avoid fraudulent transactions and money laundering in the economy. ETFs are going to solve that KYC/AML issue, and now Bitcoin or other cryptocurrencies that will have ETFs in the future will be more stable and will become one of the asset classes like gold.
$BTC
#ETFvsBTC #BinanceLaunchpool #ETHETFS #altcoins #BTC
The US capital markets regulator SEC approved 11 spot bitcoin ETFs, including those by BlackRock, Vanguard, Franklin Templeton, Valkyre, Fidelity, and Invesco, on January 10.
On Friday 12 Jan 2024, investors started trading ETFs, and approval of ETFs is a watershed moment in the crypto market. ETFs will bring more stability to the price of bitcoin and liquidity risks will be reduced over time.
First, let’s start with what is Bitcoin ETF?
Bitcoin ETFs are instruments that are traded publicly on a stock exchange that enable investors to gain exposure to Bitcoin without actually owning it. An ETF is an investment fund that tracks the performance of underlying assets and moves up and down depending on asset value.
When you invest in a bitcoin ETF, you are not directly purchasing it but instead buying units in a mutual fund that holds bitcoin. Since ETFs are regulated, it is easier for investors to gain exposure to Bitcoin’s price movement, the complexity of digital currency and wallets, and the security and risk associated with it. Even without opening an account on a crypto exchange or setting up digital wallets like Trust Wallet, Binance, and Metamask for asset storage, which is a complex process,
So if we look at the ETF definition, it is simply bringing centralization to a decentralized world. That is right and much needed for the security of assets and avoiding fraud in the crypto market. But I don’t know why crypto investors are so hyped about it. ETFs are good for regulators and governments because now they can control the price of ETFs and have tighter AML/KYC rules to avoid fraudulent transactions and money laundering in the economy. ETFs are going to solve that KYC/AML issue, and now Bitcoin or other cryptocurrencies that will have ETFs in the future will be more stable and will become one of the asset classes like gold.
$BTC
#ETFvsBTC #BinanceLaunchpool #ETHETFS #altcoins #BTC
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Share your #CryptoWatchMay2024 to win up to 500 FDUSD!
Join the #CryptoWatchMay2024 campaign and win up to 500 FDUSD! Make your list of top 5 tokens to watch on Binance in May 2024, providing insightful information about the projects, their price movements and future predictions. Make sure to feature at least one of the recent Binance additions: Renzo, BounceBit, Saga, Tensor, or Wormhole.
Campaign Period: 2024-05-03 00:00 to 2024-05-08 23:59 (UTC)
To Participate:
Use #CryptoWatchMay2024 while sharing your top 5 crypto list on Binance Square. Make sure to feature at least one of the recent Binance additions: Renzo, BounceBit, Saga, Tensor, or Wormhole.
Include:
1. Information about each project;
2. Recent price movements;
3. Future price predictions.
Guidelines:
Make certain your content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Four posts generating the most interaction will each be rewarded with 125 FDUSD.
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 relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules.Winners of the week will be notified before next Friday via a push notification under Creator Center > Square Assistant. The FDUSD token vouchers will be distributed within 30 working days after the activity ends. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 21 working days after the activity ends. Users may check their rewards via Profile > 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.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.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.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Campaign Period: 2024-05-03 00:00 to 2024-05-08 23:59 (UTC)
To Participate:
Use #CryptoWatchMay2024 while sharing your top 5 crypto list on Binance Square. Make sure to feature at least one of the recent Binance additions: Renzo, BounceBit, Saga, Tensor, or Wormhole.
Include:
1. Information about each project;
2. Recent price movements;
3. Future price predictions.
Guidelines:
Make certain your content is original, filled with insightful information, and based on real incidents. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Four posts generating the most interaction will each be rewarded with 125 FDUSD.
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 relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules.Winners of the week will be notified before next Friday via a push notification under Creator Center > Square Assistant. The FDUSD token vouchers will be distributed within 30 working days after the activity ends. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 21 working days after the activity ends. Users may check their rewards via Profile > 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.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.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.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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I don't have personal experiences, but I can certainly provide insights into cryptocurrency scams based on common patterns reported by users.
Cryptocurrency scams often start with enticing investment opportunities promising high returns. These schemes typically involve initial investments followed by promises of rebates or dividends. Once investors are hooked, scammers may request additional investments to unlock supposed bonuses or higher returns. Eventually, they might ask for security deposits or fees under various pretexts, ultimately disappearing with investors' funds.
To prevent falling victim to such scams, it's crucial to conduct thorough research before investing. Be wary of offers that seem too good to be true and always verify the legitimacy of investment opportunities and the parties involved. Additionally, never disclose sensitive information or send money to unknown entities without proper due diligence.
As for Binance, as a leading cryptocurrency exchange, users expect robust security measures and proactive efforts to combat scams. This includes implementing stringent verification processes for listed projects, conducting regular audits, providing educational resources to users, and promptly addressing reported scams or fraudulent activities within the platform.
#BinanceLaunchpool #BullorBear #Token2049 #Memecoins #ScamRiskWarning
Cryptocurrency scams often start with enticing investment opportunities promising high returns. These schemes typically involve initial investments followed by promises of rebates or dividends. Once investors are hooked, scammers may request additional investments to unlock supposed bonuses or higher returns. Eventually, they might ask for security deposits or fees under various pretexts, ultimately disappearing with investors' funds.
To prevent falling victim to such scams, it's crucial to conduct thorough research before investing. Be wary of offers that seem too good to be true and always verify the legitimacy of investment opportunities and the parties involved. Additionally, never disclose sensitive information or send money to unknown entities without proper due diligence.
As for Binance, as a leading cryptocurrency exchange, users expect robust security measures and proactive efforts to combat scams. This includes implementing stringent verification processes for listed projects, conducting regular audits, providing educational resources to users, and promptly addressing reported scams or fraudulent activities within the platform.
#BinanceLaunchpool #BullorBear #Token2049 #Memecoins #ScamRiskWarning
Bitcoin (BTC) vs altcoin dominance history up to January 28, 2024
Bitcoin dominance steadily declined in December 2023 to below 50 percent, amid rumors of central banks halting or potentially lowering interest rates in the future. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". Why dominance matters is because market caps of any crypto can change relatively quickly, either due to sudden price changes or a change of recorded trading volume. Essentially, the figure somewhat resembles a trading sentiment, revealing whether Bitcoin investors are responding to certain events or whether Bitcoin is losing out on functions offered by, for example, stablecoins or NFT tokens.
#BullorBear #BTC、 #Write2Profit #write2earn #BTCHalvingApril2024
$BTC
Bitcoin dominance steadily declined in December 2023 to below 50 percent, amid rumors of central banks halting or potentially lowering interest rates in the future. Within the crypto world, this so-called "dominance" ratio is one of the oldest and most investigated metrics available. It measures the coin's market cap relative to the overall crypto market — effectively showing how strong Bitcoin compared to all the other cryptocurrencies that are not BTC, called "altcoins". Why dominance matters is because market caps of any crypto can change relatively quickly, either due to sudden price changes or a change of recorded trading volume. Essentially, the figure somewhat resembles a trading sentiment, revealing whether Bitcoin investors are responding to certain events or whether Bitcoin is losing out on functions offered by, for example, stablecoins or NFT tokens.
#BullorBear #BTC、 #Write2Profit #write2earn #BTCHalvingApril2024
$BTC
𝗣𝗘𝗣𝗘 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗛𝗼𝗹𝗱 𝗦𝘁𝗲𝗮𝗱𝘆
Despite a 26% drop recently, Pepe’s outlook appears geared towards recovery, driven by investor optimism. This sentiment is captured by the transition of tokens from short-term to mid-term holders, indicating a deeper commitment to holding onto their investments for potential future gains.
Currently, an impressive 36 trillion PEPE, valued at over $232 million, has transitioned from the hands of short-term investors—who typically hold for less than 30 days—to mid-term holders, who retain their assets for one month to a year.
This significant shift reflects a growing investor belief in the meme coin’s prospects.
#BullorBear #Memecoins #write2earn #PepeCoinPriceChallenge #PEPEPotential🚀🐸
$PEPE
Despite a 26% drop recently, Pepe’s outlook appears geared towards recovery, driven by investor optimism. This sentiment is captured by the transition of tokens from short-term to mid-term holders, indicating a deeper commitment to holding onto their investments for potential future gains.
Currently, an impressive 36 trillion PEPE, valued at over $232 million, has transitioned from the hands of short-term investors—who typically hold for less than 30 days—to mid-term holders, who retain their assets for one month to a year.
This significant shift reflects a growing investor belief in the meme coin’s prospects.
#BullorBear #Memecoins #write2earn #PepeCoinPriceChallenge #PEPEPotential🚀🐸
$PEPE
Pepe Price Prediction: Is PEPE Price On Its Way To Blast Past $0.00002 in 2024?
Key Takeaways.
•Pepe’s Current Status: As of March 13, 2024, Pepe Price is at $0.0000092, showcasing a 12% increase in the last 24 hours and a 25.2% rise over the past 7 days, with a bullish sentiment prevailing in the market.
•Market Performance: With a market cap of $3.8 billion, Pepe has experienced a significant surge of over 230% since the beginning of March and a remarkable 600% increase year-to-date, demonstrating robust market performance and a current Fear-Greed Index at 81, indicating extreme greed among investors.
•Technical Analysis: The technical analysis reveals a bullish trend of 81%, indicating a positive market sentiment. Pepe has surpassed both the 50-day and 200-day EMAs, with a chart displaying uncharted territory and potential targets at psychological levels like $0.00001 before the end of March 2024.
•Price Predictions: The PEPE price prediction for March 2024 anticipates trading within the range of $0.000009 to $0.00001, suggesting a prolonged consolidation phase with potential for stability and minor fluctuations. Future predictions project a minimum price of $0.00002 to $0.00003 in 2024, with subsequent forecasts extending into 2030, showing a steady upward trajectory.
•Future Outlook: Pepe’s future outlook remains optimistic, navigating uncharted territory and targeting psychological milestones. The market’s bullish stance, coupled with positive sentiment, positions Pepe for potential growth. However, careful observation of support levels, such as $0.000005, is advised to navigate potential downturns and ensure stability in the crypto’s trajectory.
#BullorBear #PepeCoinPriceChallenge #pepe #write2earn #Memecoins
$PEPE
Key Takeaways.
•Pepe’s Current Status: As of March 13, 2024, Pepe Price is at $0.0000092, showcasing a 12% increase in the last 24 hours and a 25.2% rise over the past 7 days, with a bullish sentiment prevailing in the market.
•Market Performance: With a market cap of $3.8 billion, Pepe has experienced a significant surge of over 230% since the beginning of March and a remarkable 600% increase year-to-date, demonstrating robust market performance and a current Fear-Greed Index at 81, indicating extreme greed among investors.
•Technical Analysis: The technical analysis reveals a bullish trend of 81%, indicating a positive market sentiment. Pepe has surpassed both the 50-day and 200-day EMAs, with a chart displaying uncharted territory and potential targets at psychological levels like $0.00001 before the end of March 2024.
•Price Predictions: The PEPE price prediction for March 2024 anticipates trading within the range of $0.000009 to $0.00001, suggesting a prolonged consolidation phase with potential for stability and minor fluctuations. Future predictions project a minimum price of $0.00002 to $0.00003 in 2024, with subsequent forecasts extending into 2030, showing a steady upward trajectory.
•Future Outlook: Pepe’s future outlook remains optimistic, navigating uncharted territory and targeting psychological milestones. The market’s bullish stance, coupled with positive sentiment, positions Pepe for potential growth. However, careful observation of support levels, such as $0.000005, is advised to navigate potential downturns and ensure stability in the crypto’s trajectory.
#BullorBear #PepeCoinPriceChallenge #pepe #write2earn #Memecoins
$PEPE
What is Saga (SAGA)?
Saga is an innovative Layer 1 blockchain protocol offering unique solutions for developers, particularly in gaming and entertainment. It's designed to enable the creation of “Chainlets,” which are dedicated, parallelized, and interoperable blockchain environments that can scale infinitely horizontally. This means applications can grow without encountering typical performance bottlenecks.
The platform's native token, SAGA, serves several key roles:
•Chainlet payments: Developers use SAGA to pay network validators for initializing and maintaining their Chainlets.
•Staking: Stakers secure the network and receive SAGA and other project tokens as rewards.
•Governance: Token holders have a say in network governance decisions.
Saga Protocol is decentralized and operates on a proof-of-stake (PoS) model. Each Chainlet mirrors the Saga Mainnet in security and validator sets, ensuring consistent and robust security across the platform.
Notable features of each Chainlet include:
•Scalability: Chainlets enable applications to scale their performance and speed as needed.
•Cost-effective operations: Developers can choose their preferred monetization model, with fees set by a daily reverse auction among validators.
•Ease of use: Chainlets are easy to set up with just a click in the Saga WebApp.
•Interoperability: Quick asset transfers between Chainlets and other ecosystems are possible.
•Flexibility: Developers have complete control over their Chainlets, ensuring customizability and application-specific optimization.
Saga has successfully raised $15 million through various investments and partnerships, including those of companies like Samsung and Polygon. It supports 350 projects, with a majority in gaming, and has established significant collaborations with other Layer 1 protocols for scaling solutions, most notably with Polygon, Avalanche, and Celestia.
#BinanceLaunchpool #write2earn #SAGALAUNCHPOOL #SAGA/USDT #SAGA/USDT
Saga is an innovative Layer 1 blockchain protocol offering unique solutions for developers, particularly in gaming and entertainment. It's designed to enable the creation of “Chainlets,” which are dedicated, parallelized, and interoperable blockchain environments that can scale infinitely horizontally. This means applications can grow without encountering typical performance bottlenecks.
The platform's native token, SAGA, serves several key roles:
•Chainlet payments: Developers use SAGA to pay network validators for initializing and maintaining their Chainlets.
•Staking: Stakers secure the network and receive SAGA and other project tokens as rewards.
•Governance: Token holders have a say in network governance decisions.
Saga Protocol is decentralized and operates on a proof-of-stake (PoS) model. Each Chainlet mirrors the Saga Mainnet in security and validator sets, ensuring consistent and robust security across the platform.
Notable features of each Chainlet include:
•Scalability: Chainlets enable applications to scale their performance and speed as needed.
•Cost-effective operations: Developers can choose their preferred monetization model, with fees set by a daily reverse auction among validators.
•Ease of use: Chainlets are easy to set up with just a click in the Saga WebApp.
•Interoperability: Quick asset transfers between Chainlets and other ecosystems are possible.
•Flexibility: Developers have complete control over their Chainlets, ensuring customizability and application-specific optimization.
Saga has successfully raised $15 million through various investments and partnerships, including those of companies like Samsung and Polygon. It supports 350 projects, with a majority in gaming, and has established significant collaborations with other Layer 1 protocols for scaling solutions, most notably with Polygon, Avalanche, and Celestia.
#BinanceLaunchpool #write2earn #SAGALAUNCHPOOL #SAGA/USDT #SAGA/USDT
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#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #write2earn
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#BullorBear #BinanceLaunchpool #Memecoins #BinanceLaunchpool #write2earn
Why is PEPE down today ?
PEPE is a deflationary meme coin launched in April 2023 inspired by the popular internet meme of a frog with various expressions. The coin uses the Ethereum blockchain and follows the ERC-20 standard, which means it can be stored and traded on any compatible wallet or exchange. It has a maximum supply of 420,690,000,000,000 tokens, whose value is determined by market demand and supply.
The project wants to become one of the top meme-based cryptocurrencies by capitalizing on the growing popularity of meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Since its debut, the coin has continued to make headlines. And as its popularity grows, so does interest in news about the Pepe coin. PEPE news is breaking every second, with new developments and changes happening regularly.
News and events can cause PEPE prices to change drastically. Being informed on Pepe coin news is crucial for success in the crypto market, regardless of your experience level.
#BullorBear #write2earn #PEPEPotential🚀🐸
$PEPE
PEPE is a deflationary meme coin launched in April 2023 inspired by the popular internet meme of a frog with various expressions. The coin uses the Ethereum blockchain and follows the ERC-20 standard, which means it can be stored and traded on any compatible wallet or exchange. It has a maximum supply of 420,690,000,000,000 tokens, whose value is determined by market demand and supply.
The project wants to become one of the top meme-based cryptocurrencies by capitalizing on the growing popularity of meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Since its debut, the coin has continued to make headlines. And as its popularity grows, so does interest in news about the Pepe coin. PEPE news is breaking every second, with new developments and changes happening regularly.
News and events can cause PEPE prices to change drastically. Being informed on Pepe coin news is crucial for success in the crypto market, regardless of your experience level.
#BullorBear #write2earn #PEPEPotential🚀🐸
$PEPE
Pepe Price Prediction as PEPE Drops 17% Overnight – What’s Going On?
The PEPE price has dropped by as much as 17% overnight, with its fall to $0.000008854 coming as the market as a whole takes a big hit.
Despite this correction, PEPE remains up by 6% in a week and by 690% in the last 30 days, with the coin only 16% down from its all-time high of $0.00001064, which it set yesterday.
Given that today’s loss is largely the result of profit-taking from traders, PEPE has every chance of rebounding again soon enough.
And as the market continues to gain in bullishness, the meme token could even break its new ATH in the next few weeks.
#BullorBear #PEPEPotential🚀🐸 #PEPEGrowth $PEPE #write2earn
The PEPE price has dropped by as much as 17% overnight, with its fall to $0.000008854 coming as the market as a whole takes a big hit.
Despite this correction, PEPE remains up by 6% in a week and by 690% in the last 30 days, with the coin only 16% down from its all-time high of $0.00001064, which it set yesterday.
Given that today’s loss is largely the result of profit-taking from traders, PEPE has every chance of rebounding again soon enough.
And as the market continues to gain in bullishness, the meme token could even break its new ATH in the next few weeks.
#BullorBear #PEPEPotential🚀🐸 #PEPEGrowth $PEPE #write2earn
Ethena (ENA) Price Prediction: What is the Best Price to Trade?
Ethena (ENA) is not just another cryptocurrency; it stands out with its unique proposition and governance model. As the designated governance token of Ethena, a cutting-edge protocol aiming to revolutionize the decentralized finance bond system outside traditional banking, ENA is at the forefront of facilitating a novel economic ecosystem.
With the innovative approach towards creating a dollar-pegged synthetic token, Ethena showcases the potential for a new era in financial inclusivity and stability. The excitement around ENA is palpable, especially with the upcoming airdrop earmarked for participants in its shard campaign, demonstrating Ethena’s commitment to engaging and rewarding its community. Spanning from its remarkable growth post-seed round funding to the anticipation surrounding the airdrop’s 30-day window, ENA encapsulates the dynamic spirits of digital finance.
Understanding the fundamentals becomes crucial as you delve into Ethena (ENA) price prediction analyses. Equally important are the factors influencing ENA’s price, which will be comprehensively explored. This article aims to provide insights into ENA’s performance, leveraging fundamental analysis and machine learning models for nuanced price forecasting. From delving into ENA’s operational framework on Binance Launchpool to outlining strategic investment approaches, the forthcoming sections intend to offer a well-rounded perspective on navigating the possibilities that Ethena (ENA) holds for savvy investors and enthusiasts alike.
#ENA #ENA/USDT #ENALAUNCHPOOL
$ENA
Ethena (ENA) is not just another cryptocurrency; it stands out with its unique proposition and governance model. As the designated governance token of Ethena, a cutting-edge protocol aiming to revolutionize the decentralized finance bond system outside traditional banking, ENA is at the forefront of facilitating a novel economic ecosystem.
With the innovative approach towards creating a dollar-pegged synthetic token, Ethena showcases the potential for a new era in financial inclusivity and stability. The excitement around ENA is palpable, especially with the upcoming airdrop earmarked for participants in its shard campaign, demonstrating Ethena’s commitment to engaging and rewarding its community. Spanning from its remarkable growth post-seed round funding to the anticipation surrounding the airdrop’s 30-day window, ENA encapsulates the dynamic spirits of digital finance.
Understanding the fundamentals becomes crucial as you delve into Ethena (ENA) price prediction analyses. Equally important are the factors influencing ENA’s price, which will be comprehensively explored. This article aims to provide insights into ENA’s performance, leveraging fundamental analysis and machine learning models for nuanced price forecasting. From delving into ENA’s operational framework on Binance Launchpool to outlining strategic investment approaches, the forthcoming sections intend to offer a well-rounded perspective on navigating the possibilities that Ethena (ENA) holds for savvy investors and enthusiasts alike.
#ENA #ENA/USDT #ENALAUNCHPOOL
$ENA
Bitcoin Price Movement (One-Month Data)
Bitcoin set a new record of $73,750 on March 14, 2024, with a market capitalization of $1.44 trillion. Following this record, it experienced a dip, and the market is currently undergoing a correction. The market sentiment shifted from extreme greed to greed and now back to extreme greed.
Over the past week, Bitcoin has experienced a 8.28% decrease, and it is down by 8.95% from its all-time high. As of March 21, 2024, BTC is trading at $66.854 with a market capitalization of $1.31 trillion.
#Memecoins #BinanceLaunchpool #BTC、 #BitcoinTo80000
$BTC
Bitcoin set a new record of $73,750 on March 14, 2024, with a market capitalization of $1.44 trillion. Following this record, it experienced a dip, and the market is currently undergoing a correction. The market sentiment shifted from extreme greed to greed and now back to extreme greed.
Over the past week, Bitcoin has experienced a 8.28% decrease, and it is down by 8.95% from its all-time high. As of March 21, 2024, BTC is trading at $66.854 with a market capitalization of $1.31 trillion.
#Memecoins #BinanceLaunchpool #BTC、 #BitcoinTo80000
$BTC
Why Is Bitcoin Down Today?
The precise reason for bitcoin’s dip over the past 24 hours isn’t entirely clear, but it might have been set off by a flash crash on crypto exchange BitMEX, where a massive sell order caused the world’s oldest cryptocurrency to briefly bottom out at $8,900. However, the world’s other major exchanges maintained BTC prices above $60,000.
Following the overnight crash, BTC has steadily lost value, and the broader crypto market’s overall market cap has fallen more than 8%. The reason for this broader decline is most likely that the world’s altcoins are simply following bitcoin’s lead.
Bitcoin has been on a major bull run since November of last year. It climbed from $34,000 at the end of October to more than $73,000 last week.
After the U.S. Securities and Exchange Commission approved 11 new spot bitcoin exchange-traded funds, or ETFs, on January 10, bitcoin trended up, gaining more than 50% this year alone.
ETFs, like mutual funds, are baskets of securities that investors can trade as a single investment. However, unlike mutual funds, ETFs are traded directly on stock exchanges throughout the market day.
#Memecoins #BTC、 #BinanceLaunchpool #BitcoinHalvingDrama #write2earn
$BTC
The precise reason for bitcoin’s dip over the past 24 hours isn’t entirely clear, but it might have been set off by a flash crash on crypto exchange BitMEX, where a massive sell order caused the world’s oldest cryptocurrency to briefly bottom out at $8,900. However, the world’s other major exchanges maintained BTC prices above $60,000.
Following the overnight crash, BTC has steadily lost value, and the broader crypto market’s overall market cap has fallen more than 8%. The reason for this broader decline is most likely that the world’s altcoins are simply following bitcoin’s lead.
Bitcoin has been on a major bull run since November of last year. It climbed from $34,000 at the end of October to more than $73,000 last week.
After the U.S. Securities and Exchange Commission approved 11 new spot bitcoin exchange-traded funds, or ETFs, on January 10, bitcoin trended up, gaining more than 50% this year alone.
ETFs, like mutual funds, are baskets of securities that investors can trade as a single investment. However, unlike mutual funds, ETFs are traded directly on stock exchanges throughout the market day.
#Memecoins #BTC、 #BinanceLaunchpool #BitcoinHalvingDrama #write2earn
$BTC
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