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⛔️ $BTC (PRICE) Breaking News ⛔️ Guys, I shared with you below the chart of BTC that now is at the $51,000 area. You Should READ this if you own any Cryptocurrency💫 🔅Two Scenarios Might Happen🔅 1️⃣ Dumps Below $50,700 Support Level: As per the chart I share with you below, BTC is starting to decline as it moves closer to the support level $50,700 which is a major support level💥 Keep an eye on this level and note the following, as per charts if BTC breaks this support level then a heavy dip will happen. A break below this level will affect the price of Altcoins as we might see a decline in Altcoins Prices. Next Support Level is $47,400💥 💸 Buying Opportunities If this Happens: Keep some USDT in your wallets just incase we had a Market dump to buy your favourite Cryptocurrencies at a low price. This might be the final correction before BTC Halving if BTC breaks this major support level💰 2️⃣ Touch $50,700 & Increase back: BTC might bounce off this support level with a slight percentage to do so, as all the Charts are showing a major correction. Next Resistance level is at the $52,600💥 Could we pump back to this, well no one knows!!! But this is only a post to keep you informed and to get you ready to the scenarios to come💫 Don't panic and again Keep some USDT on hand, that's my only advice💸 Like & Follow For MORE Exclusive News🥂 #Write2Earn #TrendingTopic #BTC #BullBear $BTC
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XRP Price Analysis: Analyst Pinpoints 2024 Bull Run That Will Take XRP to $2 The cryptocurrency community is abuzz with anticipation as XRP shows signs that point to a potential bull run in 2024. Amidst the excitement, experts call for a balanced approach, reminding investors of the unpredictable nature of the market. Recent market activities have caught the eye of investors worldwide. Notably, long-dormant whale wallets have shown signs of activity, and there’s been a noticeable uptick in capital inflows into XRP. These developments coincide with Ripple’s legal victories in its ongoing tussle with the SEC, further bolstering investor confidence. RSI and the Echoes of Past Rallies A pseudonymous crypto analyst known on X as Dark Defender has pointed out striking similarities between the current Relative Strength Index (RSI) charts for the BTC/XRP pair and those observed during the rallies of 2017 and 2021. In both instances, XRP experienced significant price surges. The patterns emerging today suggest that XRP could be on the cusp of another substantial increase, with some speculating a rise to the $2 mark. #TrendingTopic #XRP🚀 $XRP
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BTC Direction ⬇️⬆️ ? #BTC $BTC
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$XRP Ripple: Can XRP Surpass $1 Anytime Soon? Will XRP surpass $1? On the flip side, technical analyst Dark Defender recently set a target of $1.88 for XRP. Wells Fargo’s Shannon Throp previously called for an astonishing $500 per coin at one point. Hi all, here is a quick update on the daily chart of #XRP.We have the daily break confirmed for both RSI & Price.Road to $1.88Have a great weekend!#ripple pic.twitter.com/vRziRyfa2r — Dark Defender (@DefendDark) February 9, 2024 However, none of these lofty predictions have materialized so far, grounded by XRP’s huge circulating supply of over 54 billion tokens. For the coin to reach $1,000, its market cap would need to be $54.5 trillion – dwarfing crypto’s entire current valuation. Chase introduced a hypothetical scenario where XRP attains the same $1 trillion market cap as Bitcoin, but even that would only push its price to $18. While provocatively toned, it considers what’s realistically achievable. So while maximalists like Chase remain pessimistic about huge price gains for the coin, more optimistic analysts think triple-digit valuations are possible long-term. However, most concur that current challenging market conditions and lagging inflows have hindered gains for now.
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🔥💥Polygon (MATIC) Makes the Latest Bounce: Could MATIC Rally to $1.73? #Polygon recently completed the final Sunday release of its native token #MATİC laying the foundation for the adoption of Polygon 2.0. The transfer to the Matic Foundation included 273 million MATIC tokens, worth about $253 million, and was a timely milestone, since the entire MATIC supply is now in circulation. The event, which took place on the evening of February 21, 2024, also became a central point for market observers and participants. Transition to Polygon 2.0 Polygon is a leader in Ethereum scaling solutions and is always evolving to improve its ecosystem. The latest token release follows the roadmap to Polygon 2.0 by bringing an improved version of its platform. The upgrade aims to solidify Polygon's place in the blockchain industry by introducing POL, a new token that will become the central currency in the Polygon ecosystem. The transition from MATIC to POL, which is the long-term vision of the project, is expected to take four years. However, the moment after the release of the token, the value of MATIC fell to $ 0.94. Given MATIC's historic $1 resistance, this price movement was observed critically. However, at the time of writing the bearish trend calmed down and prices changed hands to $ 0.9637, down 1.38% from their intraday high. But analysts think this is a short-term obstacle and indicate that an optimistic future with superficial patterns is still appropriate. One analyst pointed out the formation of a symmetrical triangle and suggested that there could be a significant rise as long as MATIC's close continues above $ 0.96 and it could rise as high as $ 1.73. Comparative Performance and Efficient Analysts Last year, MATIC fell by 32%, and other Layer 2 tokens (OP and SKL) ranked ahead of it. But the mood in the market is positive. The analysis shows that MATIC will make a big comeback, and the forecasts give an expected wave towards the $ 1.8-2.0 line, which is influenced by market dynamics and FOMO. #Write2Earn #binance #TrendingTopic
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