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🔥 The top 5 altcoins by growth in 7 days include three memes: BONK, WIF and PEPE 🍴 The first two positions went to : 🔸 FTX Token of the scam exchange of the same name, which is growing on rumors about the start of compensation payments to affected users at the end of the year. The relaunch of FTX is not planned, but this dead coin is actively speculated on the news 🔸 Ethena is a clone of the LUNA scam. The project recently promised a new stablecoin UStb, tied to a tokenized BlackRock fund. BlackRock itself has nothing to do with it, anyone can buy tokenized shares of their fund, but the hype was good. At the same time, ENA is currently trading at a 74% discount from ATH - $ 1.51.
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⚠️ 4 Trading Indicators You Need for Profitable Crypto Moves 1️⃣ Relative Strength Index: The Momentum Master Among all the indicators the Relative Strength Index (RSI) is a great example of a momentum indicator. It is used to calculate the velocity and the degree of the oscillations in the price; thus, it the traders find out when the market is overbought or oversold. Because the value of the RSI is anchored on the fact that it has specific threshold values which once crossed assist in pointing towards possible reversing of trends, the indicator is very useful in trading. 2️⃣ Bollinger Bands: Volatility Visualized In this case, the MT4 indicator called Bollinger Bands gives another point of view when it comes to understanding the level of volatility in the market. These are composed of a middle layer having an upper and lower layer; they widen or narrow in response to market conditions. Bollinger Bands are used by traders to look for breakouts and determine if an asset is within their typical range of volatility. 3️⃣ Stochastic Oscillator: Momentum Meets Reversal This tool measures the difference between the current asset price and the range of prices of that asset in a predetermined period. This indicator is very good in pointing out likely reversal levels in the market about the established high or low. It is applied together with other indicators to affirm the bull or bear trend and to identify the convergence or divergence. 4️⃣ Fibonacci Retracement: The Golden Ratio of Trading Fibonacci retrace levels are derived from the famous Fibonacci sequence which is derived from the so-called golden ratio. These levels help the trader to identify where there can be support or if there is resistance. Fibonacci retracement has two advantages since it can be applied universally by many traders to determine the price level of targets as well as stops. #Crypto #Indicators
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⭐️ XRP Advocate Predicts Breakout, Cybro Shows Bullish Signals A key supporter of XRP has forecasted a significant price surge, while Cybro is displaying strong positive indicators. Cryptocurrency enthusiasts are eager to learn which digital coins are on the verge of a breakout, promising substantial gains. Dive into the world of potential high returns and discover the trends shaping the market’s future. 🔸 XRP: Exploring a Promising Tool for Seamless Payments in Crypto XRP is a cryptocurrency known for its speed and low-cost transactions. Supported by the XRP Ledger, it operates independently of banks and central authorities. This makes transactions secure and irreversible. XRP was created by Jed McCaleb, Arthur Britto, and David Schwartz. At its launch, 100 billion #XRP were created, with 80 billion given to Ripple to support its ecosystem. Ripple holds 55 billion XRP in an escrow, ensuring a controlled release. XRP serves as a tool for liquidity and aims to make currency transfers seamless. With its features, XRP holds promise in creating efficient payment solutions in the digital space.
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📊 Memecoin Mania Continues With 'Moo Deng' The memecoin industry just got more meme-able. A new hippo born in Khao Kheow Open Zoo in Bangkok, Moo Deng is now the new star among memecoin traders. At the time of writing, the meme-coin inspired by the hippo, Moo Deng reached a market capitalization of $200 million. This represents one of the quickest memecoin to reach that market capitalization in just a short period. This was also the first time a meme coin with origins from Thailand gained prominence. According to on-chain data, there are currently 19,714 token holders. With a market capitalization of $200 million, this represents an average of $10,145 per holder. Moo Deng which means bouncy pork in Thai, went viral earlier this month after an image of her began circulating online. Along with her siblings, Moo Toon and Moo Wann, both also have an unofficial meme coin associated with them but did not receive the same amount of attention that Moo Deng did. Companies like Dreamworks and UFC are leveraging Moo Deng's popularity to create memes featuring the hippo. This marks a significant shift from the usual cats and dogs. The Bangkok zoo is said to be in the process of securing copyright and trademark rights for "Moo Deng the Hippo" to support fundraising efforts. However, it has yet to recognize the memecoin or any crypto-related imagery associated with Moo Deng.
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👀 Hamster Kombat (#HMSTR ) Sees a 6.75% Drop in 24 Hours Hamster Kombat (HMSTR) has seen a significant price fluctuation, dropping by 6.75% in the last 24 hours. The current price stands at $0.005808, reflecting market volatility in the crypto space. With a market capitalization of $373,891,912, it holds a strong position, ranking at #151 on CoinMarketCap. 🔸 Market Overview Despite the price decline, the trading volume of Hamster Kombat has increased by 12.65% in the past 24 hours, reaching $225,087,038. This increased volume suggests investors are actively trading the token, likely due to market speculation. The volume-to-market-cap ratio sits at 60.48%, indicating a healthy level of liquidity and investor interest. The circulating supply of HMSTR is currently 64.38% of its total supply, which amounts to 64.375 billion out of the 100 billion maximum supply. This is a critical factor to watch as token circulation can influence price movements and market sentiment. The fully diluted market cap, which represents the total value of the asset at its maximum supply, stands at an impressive $580,802,971. 🔸 Price Movements The price chart reveals a consistent downtrend over the past 24 hours. After a peak of $0.006225, the token's value has steadily declined, reaching its current level of $0.0058. Although it saw a few small spikes, the overall trend remains bearish. This downward momentum could be attributed to broader market conditions or specific developments within the Hamster Kombat ecosystem.
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