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What are Crypto Rug Pulls? How to Avoid Meme Coin Rug Pulls? Just Imagine, You have invested in any meme coin but suddenly all of your investment become zero. This is the clear sign of Rug pull where 99% and sometimes 100% of your money vanish within couple of seconds. In this post, I will explain you how can we identify the rug pulls before investing in any cryptocurrency. Major Signs of Rug Pulls. Invesment Disappeare within seconds You are in front of your mobile screen and dreaming about big profit because you just invested in meme coin. But all of sudden your invesment gone and you are surprised, what happened? The answer is, You have become the victim of Rug Pull. Lack of Liquidity. You are watching the meme coin price is going high and You just pressed the sell Button but you are unable to sell it because there is no buyer in the market and your funds become devalue. This is called lack of liquidity or No Liquidity. How to identify Rug Pull Traps High Token Holding Sometime creator/team hold large quantity of coins. They can sell it for profit. Once they sell large portion of the coins then panic selling starts and you funds start to loose its value. Mintable Tokens Creator of the token enable the option to mint unlimited tokens in future while creating the token. They mint more and more tokens over the time and value of your investment decrease. Tax Manipulation in buy and sell. You spent 100 dollars to buy token. Order executed but you got the tokens worth of 20 dollars or less. What does it means? Creator of the token can modify the tax percentage anytime and your funds evaporates How to Avoid Rug Pull Always check the liquidity, smart contract, maximum and supply of the tokens. You can check it through rugcheck or bireye tools. You must check the number of wallets who are holding the coins. if few wallets are holding large chunk of the coins then this is a red alert Check the presence on social media platfrom like twitter, instagram or youtube of meme coin. If there is not active community then avoid it @Binance #Binance
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Solana VS Ethereum: Could Solana overtake Ethereum in 2024? Everyone is talking about Solana now a days. In the bearish cycle Solana is performing well than Ethereum which is most popular cryptocurrency and currently ranking at 2 by its market cap. Many Market experts are believing if Solana coin price jumps above $200 then Solana price will become unstoppable. On the other hand volume is also increasing in both crypto assets Ethereum and Solana which shows institutional investors are having interest in both of them. Well who will wins this race in 2024? Let's see the technical aspects of both cryptocurrencies. Solana VS Ethereum Solana was launched in 2020 while Ethereum was born in 2015. Both platform support smart contracts but both have different strengths and weakness. Let's dive Into it Transaction Speed ( sol VS Eth) Ethereum handles 45 transactions per second while Solana can handle up to 29,000 TPS. Here Solana wins Transaction Fees Transaction fees for Ethereum can be several dollars while Solana transaction fees is few cents. Solana again stand up here. Consensus Mechanism Ethereum uses PROOF OF stake and Solana uses the POH ( proof of history) + POS mechanism. Solana has a upper hand here too Ecosystem Here Ethereum wins, Ethereum has a large, well established ecosystem and Solana is a growing blockchain and usually focus on speed and low cost Stability Ethereum blockchain is generally stable, but Solana has to experienced downtime sometime. As we can see both have their own strength and weakness. Let's see their price actions Solana and Ethereum Price Action. Solana's Current price is $154 and Ethereum is currently trading at $2650. In this long bearish cycle, Solana is recovering rapidly in term of price than Ethereum. Market Analyst believe, if Solana price break above $200 then next Target can be above 350 dollars in 2024 while Ethereum is having stiff resistance at $2950. Solana can outperform in 2024. Both Crypto Assets are available for trading on Binance Exchange. @Binance
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Hamster Kombat Binance Listing on Sep 26: HMSTR Price Prediction 2024 Hamster kombat token finally hit to Binance Exchange. Many experienced traders are watching the HMSTR token with different perpectives. Many traders are going to sell it immediately and many traders are thinking to hold hmstr token for long term. Should we hold HMSTR Token for long term or sell it for short term gains? First we need to understand its Tokonomics system HMSTR Tokonomics, 63% of the token supply will be in circulation at TGE while 12% was locked for binance launchpool. As you are experiencing some selling pressure right now after the launching of HMSTR token. Get Ready for high volatality, After the listing of coins on exchanges, some traders want to book profit immediately. At First, we can see severe selling pressure. After few days selling pressure will start to cool off then potential buyers will come ahead and will start to buy the HMSTR tokens. HMSTR Token Buying Range? Well this is very hard to predict its exact buying range in short term. But in my personal point of view, Prices can settle down between $0.007 to @0.018 Hamster KOmbat Price Prediction in 2024 Hamster Kombat is the most viral telegram based mini game. Long term investors are seeking similar opportunities like Shiba inu token. HMSTR token is going to list on world,s major exchanges like Binance. Many huge partnerships could lead the price upto $0.025 in 2024 HMSTER Price in 2025 In 2025 Hamster Kombat will introduce the token burn mechanism, as they mentioned in roadmap. Supply will sequeeze and prices can surge upto $0.04 to $0.05 HMSTR Price in 2026 With the continue gaming adoption and NFT integrations and more partnership with Metaverse platform, HMSTR price can climb upto $0.09 in 2026 DISCLAIMER, Not a Financial Advice. These are my personal review. I will not be responsible for anyone,s profit or loss. Trade HMSTR token on Binance Exchange #HMSTRprediction @Binance
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How to Earn Hamster Kombat (HMSTR) on Binance Launchpool. Great News, The world's Biggest cryptocurrency Exchange Binance is going to launch Hamster Kombat token on their Binance Launchpool. I will show, how can you earn bigger amount of FREE $HMSTR tokens on binance launchpool. Let,s dive into it. On September 23, HMSTR token is going to hit on Binance Launchpool. You can earn free hamster token by simply stake your BNB or FUSD tokens. I would prefer to stake BNB tokens to earn bigger amount of HMSTR coins. How? Let me explain Total supply of HMSTR = 10 BILLIONS Binance will distribute the 3% of the total HMSTR token supply = 3 Billion 85% of these rewards will be distributed among BNB stakers and 15% reward will be sent to FUSD stakers. Hamster KOmbat launchpool will be concluded on 26 september and Binance will list the HMSTR tokens on exchange on the same day. How to Earn HMSTR token on Binance Launchpool? 1. You need to have a Binance Account Register Here 2. BNB or FUSD tokens in your spot wallet. if you do not have it then buy it 3. click on binance launchpool, see the picture below 4. stake your BNB or FUSD 5. Earning Reward will distribute on 26 September in your spot wallet ( Please Note you can unstake your BNB or FUSD tokens anytime during the event) = KYC IS REQUIRED TO PARTICIPATE IN BINANCE LAUNCHPOOLS Hamster kombat is a tap 2 earn game built on Telegram mini app. Users can mine tokens by playing the games. Players will get free airdrop based on gaming activities. To boost their earning players must complete the daily combo cards, Daily cipher codes and various games. For more details about HMSTR token on Binance launchpool Please Visit this Page #BinancelaunchpoolHMSTR #Binance @binance #HamsterKombat #Hamstercombo #FreeAirDrop @Hamster Kombat
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What is Fed interest rate? How do Fed interest rates affect cryptocurrency prices? Many traders who are new to the world of crypto often confused about the connection between FED interest rate and its impact on Cryptocurrency prices. Well Let's make it simple The United Stated Federal Reserve often known as FED acts as the central bank of the United States. One of the main responsiblity of U.S central bank is to manage the interest rate of the country. Lower Interest rate can stimulate the economic growth, make borrowing cheaper and attract the people and companies to invest and spend more. Cryptocurrency prices often hike if FED cut the interest rate. Increase in Interest rate often rise the inflation within the country and people are less likely to borrow or invest. Crypto prices like bitcoin also loose its value. Impact of FED interest Rates on Crypto Market In most cases, Crypto market reacts in this way, High interest rate = Crypto prices low Low interest rate = Crypto prices bullish People often don't take any risk to trade in cryptocurrency market when fed interest rates rise due to its high volatile nature. People attract to invest in low risk assets like bonds. Demand of cryptocurrency decreases, pushing prices down. Margin trading or Leverage trading is gaining popularity these days, Traders borrow money to sky rocket their profits. Hence leverage trading is the most riskier. When the rates get high the traders have to borrow money at higher cost. As a result of this people have to sell their positions to meet the obligations which led the crypto prices downwards. On the contrary when fed interest rate decrease, people are willing to invest more, banks offers loans at cheap prices, money inflow to crypto, tends the prices high. Well, connection between FED interest rates and financial markets are very complex. In short term we may observe the huge fluactions but in long term investors are more optimistic for crypto investment. This is not 100% guaranteed that rise in interest rate can cause the crypto prices down or vise versa. @Binance
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