🚀 YOU WILL LOSE ALL YOUR INVESTMENT! 🚀 Unless You Understand The Psychology of the Crypto Market

Bitcoin hits $69k and the next halving is just 41 days away! 🌙

Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.💰

Ready to ride the wave? I hate to state this but many are still going to f>ck this up.🤷 For real.

Let's break down the psychological phases:

🚀 PHASE 1 - Accumulation 💰
During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.

📈 PHASE 2 - Momentum 📈
Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.😍👻💵

🚀 PHASE 3 - Euphoria/Excess 🚀
Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see👀 the crash coming.

⤵️ PHASE 4 - Massive Crash/Long Reeeeed candles😭😭 ⤵️
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the 💰 for another two-three years -- the worst position to be in. DON'T DO THAT!

Tips for Success:
✅ Invest wisely and patiently.
✅ Dollar-cost average.
✅ Take profits on the way up.
✅ Diversify and avoid overexposure.
✅ Be cautious of hype and scams.
✅ Watch for market sentiment changes.
✅ Hedge positions strategically.
✅ Keep cash reserves for opportunities.

The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! 🌐💸
#TrendingTopic
#BTC #ETH #sol #SHIB
>CryptoBullRun >Bitcoin <InvestWisely 🌟

Ethereum ETFs Poised for $10 Billion Growth in First Year, Sygnum Bank

Ethereum exchange-traded funds (ETFs) could accumulate up to $10 billion in assets under management (AUM) during their first year, according to Sygnum Bank.

Katalin Tischhauser, Head of Investment Research at Sygnum Bank and former Goldman Sachs executive, shared her insights in an interview with Cointelegraph. She based her projections on anticipated inflows into spot Bitcoin ETFs, predicting they could reach $30 billion to $50 billion within their first year. Ethereum ETFs are expected to follow this trend, although at a slower pace due to Ethereum's lower name recognition compared to Bitcoin.
"With Ethereum’s market capitalization a third of Bitcoin’s, we expect relative inflows to be in the 15-35% range versus Bitcoin, resulting in a forecast of $5 to $10 billion in the first year," Tischhauser explained.

Tischhauser highlighted the advantages that Ethereum ETFs offer over direct crypto investments for traditional investors. ETFs provide a regulated, familiar product that simplifies investment exposure to Ether without the complexities of trading and managing cryptocurrencies directly.

Unlike Bitcoin, which is often seen as digital gold, Ethereum's value is tied to its revenue and cash flow from its vast array of applications. This makes it more relatable for traditional investors seeking tangible financial metrics.

Despite the launch of Ether ETFs, the asset's price hasn't seen significant gains. Tischhauser believes this is because the market hasn't fully priced in potential positive inflows, leading to potential strong price reactions to any unexpected positive surprises. As net flows turn positive and accelerate, they could significantly drive Ether's price.

She noted that if Ethereum inflows mirror those of BTC ETFs in the early months, ETH prices could surge to $6,000. Tischhauser also emphasized that substantial ETF inflows could have a more significant impact on Ethereum than Bitcoin due to current bearish sentiment around ETH ETF inflows.
#ETHETFsApproved #ETH $ETH

Dogwifhat Faces 28% Drop in Open Interest as Traders Brace for Critical $1.50 Support Retest

Dogwifhat, a Solana-based memecoin, has seen a significant decline in open interest (OI) amid falling prices and investor caution. Since July 27, the open interest for Dogwifhat futures contracts has dropped by 28%, from $353.4 million to $252.5 million as of August 3, according to CoinGlass data. This decrease in OI reflects a broader market trend, with traders anticipating a potential retest of the $1.50 support level.

As of August 3, Dogwifhat (WIF) was trading at $1.67, marking a 35.48% decline from its July 27 price, based on CoinMarketCap data. Market sentiment suggests a near-term test of the critical $1.50 support level, which traders believe could be pivotal for the coin's future price movements.

Crypto analyst Cryptorphic highlighted the potential for further declines, stating on August 2 that "WIF is in a correction phase and likely to move toward the lower support trendline between $1.50 and $1.70." Similarly, commentator Scient observed that the price is "correcting towards the daily support zone," while CryptoJack, with 337,000 followers, noted the likelihood of a retest at $1.50.

Despite some hope for recovery, futures traders remain cautious. A recovery to $1.80 could jeopardize $11.89 million in short positions, while a further 10% drop to $1.50 might result in the loss of $7.55 million in long positions.

Dogwifhat's current situation contrasts sharply with earlier optimism, such as former BitMEX CEO Arthur Hayes' prediction in March that WIF could reach $10. However, since hitting $3 in March, the price has struggled to regain momentum. In June, Dogwifhat briefly dropped out of the top 50 cryptocurrencies by market cap but has since climbed back to rank 47, just above Sui (SUI).

Investors are urged to remain vigilant and conduct thorough research, as the cryptocurrency market is inherently volatile.
#July_NonFarmPayrolls_Shock #US_Job_Market_Slowdown #VanEck_SOL_ETFS #WIF $WIF

Pick Winning Tokens Before They are Listed on Crypto Exchanges: This Report Reveals How

Currently, major exchanges like Binance list only about 2.5% of over 15000 tokens, with about 378 cryptocurrencies available on its platform.

On-chain analytics firm Nansen and Bitget crypto exchange released a report titled "Discovering Token Potential for Trading and Exchange Listing" for evaluating which tokens to list.

The report explains how the firm assess tokens differently based on stage of development. For early-stage tokens, focus on off-chain metrics and traction, while for established tokens, they rely on on-chain metrics. This approach ensures a comprehensive evaluation of both current performance and future potential.

Key Criteria for Token Listings
Consider the following several core principles for token listing:
- Growth Potential: Evaluating the potential for token appreciation.
- Popularity: Quickly listing trending assets.
- Comprehensive Options: Offering a wide range of tokens for users.

Bitget has implemented an automated on-chain data monitoring system to assess tokens across five dimensions:
1. Market Traction
2. Community Engagement
3. Technological Innovation
4. Token Economics
5. Security

The report stresses strict control to avoid high-risk listings, particularly concerning smart contract security and token distribution. It warns against projects where the team holds more than 50% of tokens, as highly risky.

Exchanges vary in listing standards, often keeping these criteria secret for competitive advantage. Factors like wealth effect, trading demand, and risk assessment are crucial. Lee highlights both on-chain and off-chain tools for evaluating projects:
- Off-Chain Tools: Trendx, Rootdata, Messari, and DefiLlama.
- On-Chain Tools: DEX Screener, Dextools, Pump.fun, etc.

As smaller exchanges cannot list every token due to liquidity constraints, one should pay attention to liquidity potential by prioritizing those with reliable backing to reduce the risk of delistings.
#ETHETFsApproved #ETH_ETFs_Approval_Predictions #BTC #bitcoin $BTC $ETH

Bitcoin Set for ‘Explosive Move’ as Bollinger Bands Tighten to 12-Month Low

Bitcoin may be on the verge of a significant price movement as a key volatility indicator, the Bollinger Bands, has tightened to its lowest point in 12 months. This suggests a major breakout could be imminent.

Crypto trader and analyst Matthew Hyland highlighted this development in a July 31 analysis video, pointing out that Bitcoin's Bollinger Bands are at their third tightest point in history on the weekly chart since January 2009. Hyland stated, "A move is almost imminent."

Hyland is not alone in recognizing this pattern. Crypto trader MaxBecauseBTC noted that the weekly Bollinger Bands have only been this tight twice before — in April 2016 and August 2023. Kristoph Jeffers, Chief Operating Officer of Three Jay Partners, also commented on the anomaly, saying, "It’s wild to me that the Bitcoin weekly Bollinger Bands are tighter than the daily Bollinger Bands right now."

Since 13 March, BTC has been consolidating within a narrow range of about 25%, between a high of $73,679 and a low of $55,849. However, Hyland believes this prolonged period of consolidation is nearing its end. "Now it is starting to squeeze, so the moment is coming, it will probably come within a month at this point," he said.

Traders often note that the longer the consolidation, the more substantial the breakout tends to be. Hyland compared the current pattern to July 2023, which preceded a 20% surge in Bitcoin over the next four months.

"The weekly Bollinger Bands reached their tightest points last year at the end of July," Hyland explained. "We are seeing the same thing once again." Between July and November 2023, Bitcoin rose by about 20%.

If Bitcoin follows a similar trajectory, its current price of $63,845 could surge to a new all-time high of $76,614 by November, according to CoinMarketCap data. Hyland suggested that while it might take a few more weeks, Bitcoin is on the brink of an "explosive move."
#US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #BTC $BTC

DeFi is Booming Again As Active Loans & TVL Skyrocket in 2024

Decentralized finance (DeFi) is experiencing a significant resurgence, as key indicators such as active loans and total value locked (TVL) show remarkable growth from their 2023 lows. According to crypto market analytics platform Token Terminal, DeFi is making a strong comeback. As of July 31, active loans in DeFi have rebounded to early 2022 levels, reaching approximately $13.3 billion.

DeFi lending allows investors to lend their cryptocurrency to borrowers while earning interest, making lending and borrowing activity crucial for assessing DeFi participation and market health. Active loans peaked at $22.2 billion during the crypto bull run of 2021 when BTC and ETH hit highs of $69,000 and $4,800, respectively. However, these numbers fell significantly, dropping to $3.1 billion by January 2023.

Since last year’s low, DeFi lending has recovered substantially, suggesting a potential increase in leverage that could signal an upcoming bull market. Similarly, DeFi's TVL suffered a dramatic decline in 2023, plummeting 80% from its November 2021 peak of $180 billion to $37 billion by October 2023.

Yet, the sector has bounced back, with TVL surging approximately 160% to $96.5 billion, according to DeFiLlama. In the first half of 2024 alone, TVL doubled from $54 billion to a peak of $109 billion in June.

Discussing the overall growth, Kain Warwick, founder of the DeFi protocol Synthetix, stated to Cointelegraph that while the infrastructure has been ready, the user base is primarily enthusiasts. Synthetix has introduced an "on-chain gateway" named Infinex, dubbed the “UX Layer” of DeFi, to facilitate asset bridging across blockchains.

Taiki Maeda, founder of Humble Farmer Academy, noted on July 30 that the sector is entering a “DeFi renaissance” after years of underperformance. He highlighted Aave, a DeFi lending platform, as particularly promising due to the rising supply of its native stablecoin, GHO, and strategic moves by the Aave DAO to reduce costs and introduce new revenue streams.

🥺Altcoin Season at Risk As Ethereum ETF Approval Fails to Ignite Surge: New Altcoin Season Index Signals A Grim Outlook🤷

Despite initial signs of a bullish cycle, the anticipated altcoin season has yet to take off. Recent data suggests a shift that could extinguish hopes for its arrival.

The approval of spot Ethereum ETFs was expected to boost altcoins, but they remain stagnant. Can this trend be reversed?

Previously showing an uptrend, the Altcoin Season Index reached a high of 33, far from the 75 needed to confirm a true altcoin season. Currently, the index stands at 18, the lowest since June and November 2023, indicating that altcoins are struggling to outperform Bitcoin, which has recently reclaimed $70,000.

The decline in the index reflects waning investor interest in altcoins. Without renewed interest, altcoin prices may continue to drift sideways or lower, further delaying the season.

Some market participants, like Ty Blackard, co-founder of Magnify Labs, remain optimistic. Blackard believes that once Ethereum surpasses its all-time high, the market will pivot to altcoins, particularly those with strong utility or fundamentals.

Despite differing views, analysis of the altcoin market suggests that the season can occur with or without Ethereum's influence. Market caps for altcoins excluding Bitcoin and Ethereum (TOTAL2 and TOTAL3) show similar trends, indicating that Ethereum's price may not be as pivotal as in 2021. However, capital flowing from Bitcoin into altcoins could still trigger a season.

In summary, while current data paints a bleak picture for an immediate altcoin season, shifts in market dynamics and investor sentiment could still turn the tide.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions $ETH

VanEck's Shocking $52.4 Million Bitcoin Price Projection by 2050😳

American investment firm VanEck has made headlines with a bold projection: BTC could hit $52.4 million by 2050. This staggering forecast, which far exceeds most market expectations, has captivated the crypto world. Here’s how VanEck justifies this seemingly astronomical target.

In a July 24 report, VanEck outlined three scenarios for Bitcoin’s future: base, bear, and bull markets. Their most optimistic scenario sees BTC reaching $52.4 million by 2050. Even their base scenario states Bitcoin could surge to $2.9 million.

VanEck’s team believes Bitcoin could settle 10% of global international trade and 5% of domestic trade by 2050. They also project central banks might hold 2.5% of their assets in Bitcoin. These assumptions hinge on global growth, rising investor demand, and Bitcoin’s increasing transaction volume.

VanEck used a velocity of money equation incorporating GDP of trade settled in Bitcoin, circulating Bitcoin supply, and Bitcoin’s market velocity. In their bull scenario, Bitcoin is envisioned as a major player in the international monetary system, capturing significant market share from traditional currencies.

VanEck suggests that Bitcoin could become a primary medium of exchange and a key store of value, even acting as a reserve currency for various countries. They argue that Bitcoin’s design could replace fiat money, offering a reliable alternative to current monetary systems dominated by "corruptible human authorities."

While their bullish target is ambitious, VanEck also presented a more conservative forecast. In their bear scenario, Bitcoin could still reach $130,314 by 2050. This conservative estimate contrasts with other financial analysts, such as those from Standard Chartered and Bernstein, who foresee Bitcoin hitting $150,000 by the end of 2024 and $200,000 by 2025, respectively.

As of now, Bitcoin is trading at $69,600, reflecting a 3.24% increase in the last 24 hours and a 4.78% rise over the past week, according to CoinMarketCap.
#BTC #bitcoin $BTC

90% Chance Bitcoin Hits New High by March 2025, Says Economist

Timothy Peterson, a renowned network economist and crypto analyst, predicts a 90% chance of Bitcoin reaching a new all-time high by March 2025. Announced on X (formerly Twitter), Peterson’s forecast is based on his extensive research and analytical framework.

Peterson's analysis, detailed in his paper “Lowest Price Forward: Why Bitcoin’s Price is Never Looking Back,” uses Metcalfe’s Law, which states that the value of a network is proportional to the square of its users. He argues that as Bitcoin's user base grows, its value will increase exponentially.

Peterson employs a unique methodology focusing on Bitcoin's historical lowest prices, termed the "Never Look Back Price" (NLB). By plotting NLB data points on a lognormal scale adjusted by a “square root time” scale, he gains deeper insights into Bitcoin's long-term growth patterns. This conservative approach minimizes the risk of overvaluation by emphasizing the lowest historical prices.

Peterson’s prediction reflects a broader confidence in Bitcoin’s sustained growth, grounded in historical trends and adoption curves. He concludes, “As long as adoption continues, Bitcoin’s value — represented by its NLB price — will go up. If adoption is hindered, then the price will stagnate or drop.”

This forecast provides a positive outlook for Bitcoin investors, highlighting the importance of continued adoption and network growth. As Peterson’s analysis shows, understanding Bitcoin’s value through a conservative, data-driven lens can offer more reliable predictions, even amidst market fluctuations and external shocks.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7 #SOFR_Spike #VanEck_SOL_ETFS $BTC

Edward Snowden: AI and Blockchain Threaten Your Bitcoin Privacy

At the recent Bitcoin Conference in Nashville, privacy advocate Edward Snowden issued a stark warning about Bitcoin’s privacy risks amid the rise of AI.

Speaking virtually on July 26, Snowden highlighted the growing threats to personal privacy posed by AI advancements. He warned that sophisticated AI models could soon analyze blockchain transactions, compromising the privacy of cryptocurrency users globally.

Contrary to popular belief, Bitcoin transactions are not fully anonymous and can often be traced back to individuals, especially through regulated exchanges. Snowden emphasized that transaction histories can reveal sensitive information about users' lives and affiliations.

“When they have your transaction history, they have your life history. They know what you read, what you buy, who you send to, who you support politically—all of that is available to them,” Snowden stated. He cautioned that governments and corporations could use AI to create detailed profiles of individuals without their consent, predicting that within 5-10 years, blockchain data could be used to track every aspect of our lives.

Snowden urged the crypto community to prioritize securing BTC transactions to protect user privacy. “We’re running out of time to fix this, and the consequences of ignoring it are a whole lot worse,” he warned.

Snowden also advised the crypto community to be cautious of politicians seeking their support. “Cast a vote, but don’t join a cult. They have their own interests and values. Try to get what you need from them, but don’t give yourself to them,” he said.
Snowden’s warning comes at a time of increased government scrutiny of privacy blockchains, with the US government particularly targeting protocols like Tornado Cash due to concerns over their potential misuse.
#Bitcoin_Coneference_2024 #ETH_ETFs_Trading_Today #BinanceTurns7 #SOFR_Spike #BTC $BTC

Top 4 Token Unlocks to Watch This Week: Do Not Become Exit Liquidity for VCs

Token unlocks release previously restricted tokens, carefully scheduled to avoid market disruptions. However, factors like liquidity and investor actions can impact prices. Here's a look at four notable token unlocks this week:

1. Optimism ($OP )
- Unlock Date: July 31
- Tokens Unlocked: 31.34 million OP
- Current Supply: 1.1 billion OP

Optimism, a Layer-2 scaling solution for Ethereum, will release 31.34 million OP tokens, primarily to core contributors and investors. This unlock increases the circulating supply, influencing governance and network decisions.

2. Sui ($SUI )
- Unlock Date: August 1
- Tokens Unlocked: 64.19 million SUI
- Current Supply: 2.5 billion SUI

Sui, a high-performance Layer-1 blockchain, will unlock 64.19 million SUI tokens, allocated to Series A and B participants, community reserve, and the Mysten Labs treasury. This release could significantly impact SUI's market dynamics.

3. ZetaChain (ZETA)
- Unlock Date: August 1
- Tokens Unlocked: 53.89 million ZETA
- Current Supply: 284.81 million ZETA

ZetaChain, known for cross-chain communication, will release nearly 54 million ZETA tokens. These will support user growth, ecosystem expansion, core contributors, and liquidity incentives, potentially enhancing its cross-chain capabilities.

4. Wormhole ($W )
- Unlock Date: August 3
- Tokens Unlocked: 600 million W
- Current Supply: 1.8 billion W

Wormhole, a bridge between Solana and other networks, will unlock 600 million W tokens. This release has sparked mixed reactions, with concerns about market impact versus benefits for liquidity and ecosystem growth.

Other noteworthy unlocks include Echelon Prime (PRIME), dYdX (DYDX), Manta Network (MANTA), Galxe (GAL), and Ethena (ENA), totaling over $340 million in value. While often seen as bearish, strategic unlocks aligned with milestones can strengthen projects, motivate teams, and boost community engagement.
#ETH_ETFs_Trading_Today #BinanceTurns7 #Bitcoin_Coneference_2024 #SOFR_Spike #VanEck_SOL_ETFS

Grayscale Launches AI Fund Featuring These Top 5 Altcoins🚀

Grayscale Investments has launched a new fund, Grayscale Decentralized AI Fund LLC, featuring leading altcoins and focusing on decentralized AI assets.

Grayscale’s new fund targets "decentralized AI" as a major opportunity for investors. The fund offers exposure to AI protocols within the crypto industry.

Rayhaneh Sharif-Askary, Grayscale's Head of Product and Research, emphasized the potential of blockchain-based AI protocols: “These protocols embody decentralization, accessibility, and transparency. They can mitigate risks associated with AI technology proliferation.”

The fund includes five top-weighted tokens based on their roles in AI development:
- TAO: Decentralized AI services like chatbots and image generation.
- FIL & LPT: Solutions for AI-related issues like bot checks, deep fakes, and misinformation.
- NEAR & RNDR: Infrastructure for AI tech, including data storage, GPU computation, and 3D rendering.

Following the announcement, FIL & RNDR prices rose 7%, while LPT and TAO saw gains of 13% and 11%. NEAR also experienced a slight increase of 0.3%.

Grayscale’s new fund comes after AI trends spurred the crypto market in early 2024. Sectors such as "smart contract platforms" and "service crypto" showed significant growth, addressing AI challenges and supporting AI development.

In a recent report, Grayscale highlighted AI crypto coins as high-potential tokens for Q3 2024. The new fund includes assets like NEAR and RNDR, which were also featured in the report.

Grayscale has been expanding its crypto-focused offerings, including the Grayscale Dynamic Income Fund (GDIF) launched earlier this year. GDIF focuses on crypto staking and includes tokens like APT, TIA, and ATOM.

These moves underscore Grayscale’s commitment to leveraging the synergies between AI and blockchain. “Blockchain can democratize access to AI, lowering barriers for developers to build and monetize their work, enhancing AI innovation and competition,” said Will Ogden Moore, Grayscale’s Research Associate.

18 Top Cryptos Outperform Bitcoin: Could the AltCoin Season Be Lurking Around The Corner?

As anticipation builds for the launch of Ethereum ETFs, many speculate this could kickstart the altcoin season, marked by altcoins outperforming Bitcoin.

Altcoin season typically begins when 75% of the top 50 altcoins outperform Bitcoin over three months. Currently, only 18 have surpassed Bitcoin’s performance in the last 90 days, suggesting the early stages of an altcoin season.

Maker (MKR): Maker's price surged 33% in the past week, currently trading at $3,024. Crossing above its 50-day SMA indicates a positive momentum shift, potentially driving the price to $3,277 if the trend continues.

Bonk (BONK): Bonk has gained 19% over the past 90 days, with a 20% rise in the last month, reaching $0.00002836. Indicators like the Elder-Ray Index and Directional Movement Index (DMI) show strong bullish signals, suggesting the price could climb to $0.000031.

Ripple (XRP): Ripple’s XRP jumped 38% in the past week to $0.61, its highest since April 12. However, with an RSI of 77.21 indicating it's overbought, a short-term decline to $0.56 is possible before potentially reaching $0.66.

The market cap of top altcoins is rising, supporting the altcoin season theory. As Ethereum ETFs launch, Bitcoin's dominance may decline, increasing volatility and driving altcoin prices higher. However, Bitcoin reaching new highs could delay the altcoin season.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions $ETH $BNB

⭐SEC Approves Grayscale and ProShares Ethereum ETFs🚀: Approved ETFs Still Have To Await Final Steps

The SEC has approved two new spot Ethereum ETFs: Grayscale Ethereum Mini Trust and ProShares Ethereum ETF. Both funds will be listed on the New York Stock Exchange's Arca platform, following a Form 19b-4 filing approval.

Although approved, these ETFs can't start trading immediately. The SEC still needs to review comments on the ETFs' S-1 filings.
“The Commission finds that the Proposals are consistent with the Exchange Act and applicable rules for a national securities exchange,” the SEC stated.

Grayscale Ethereum Mini Trust, evolving from the Grayscale Ethereum Trust (ETHE), marks a significant shift towards more accessible investment products. Bloomberg ETF analyst James Seyffart highlighted the strategic asset allocation to provide stability and cushion against potential outflows.
“The mini Ethereum ETF will launch with 10% of ETHE’s assets, helping to alleviate some of the likely Grayscale outflows,” Seyffart said.

ProShares Ethereum ETF enters slightly later, part of a broader wave of eight spot Ethereum ETFs awaiting final SEC approval. This follows extensive discussions between issuers and the SEC, ensuring rigorous scrutiny for investor protection.

The financial structure of these ETFs aims to attract investors, with most new Ethereum ETFs offering an initial 0% fee period. However, Grayscale’s funds will maintain a higher fee structure, similar to its Bitcoin funds, at 2.5%, reflecting its brand's premium and expertise in cryptocurrency investment.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #VanEck_SOL_ETFS #MtGoxJulyRepayments $ETH

Altcoin Season Fever Grips Market with Bold New Guess-stimations: Will Altcoins Outperform Bitcoin Till Year End?

The market is buzzing with anticipation of an altcoin season, as altcoin prices have shown significant gains in recent weeks. However, not all top altcoins have kept pace with the uptrend, leading to varied estimations.

Michaël van de Poppe, founder of MN Trading, suggests that Bitcoin will lag behind altcoins for the rest of the year. He notes that historically, the second half of the year favors altcoins over Bitcoin.

"In the past three years, altcoins have been bearish in the first half and bullish in the second half," van de Poppe explained on July 17. Currently, BTC trades at $64,706, down from $66,189 on July 17.

Van de Poppe also points to the upcoming launch of spot Ethereum ETFs as a potential catalyst for altcoin season. BeInCrypto has previously highlighted the importance of this development for validating an altcoin surge.

Top-performing altcoins out of the top 100 are already outpacing Bitcoin in gains. If this trend continues, an altcoin season may be imminent.

The TOTAL2 indicator, which tracks the market capitalization of the top 125 cryptocurrencies excluding Bitcoin, has risen from $873.11 billion to $1.07 trillion between July 8 and 17. This increase suggests strong performance from altcoins, supporting the notion of an upcoming altcoin season.

The Relative Strength Index (RSI), a momentum indicator, is also above the signal line, indicating potential for further altcoin price increases.

As the launch of Ethereum ETFs approaches, Bitcoin's dominance could decline, leading to increased market volatility and potential new highs for altcoin prices. However, if Bitcoin revisits its all-time high, it could delay the altcoin season.

The rest of the year could also be bl**dy as hell. Manage your risks accordingly.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #VanEck_SOL_ETFS $ETH

Shiba Inu (SHIB) Plummets After Hack and Surge in Exchange Inflows

Shiba Inu's price plunged 10.03% in the last 24 hours due to increased selling pressure and a shocking security breach. Currently, SHIB trades at $0.000017. Here’s what happened and what to expect next for the popular meme coin.

On June 18, digital asset security platform Cryverse Alert reported a major hack on Indian crypto exchange WazirX, with $234.90 million in cryptocurrencies stolen. Shiba Inu was the most affected, with $102 million worth of SHIB tokens moved.

Following the hack, Lookonchain alerted the crypto community that the hacker began selling the stolen assets. This led to a significant rise in exchange inflows—indicating more tokens being sent to exchanges to be sold. According to Santiment, SHIB’s exchange inflow surged to 39.72 billion tokens, nearly double from the previous day, signaling intense selling pressure.

Despite the turmoil, on-chain data suggests potential for recovery. The In/Out of Money Around Price (IOMAP) data from IntoTheBlock shows that SHIB may find support at $0.000017, with 8,480 addresses holding 4.26 trillion SHIB in profits. This group could provide the necessary support to stabilize SHIB's price and possibly push it back to $0.000018.

However, resistance is expected at $0.000018. If SHIB manages to breach this level, the price could rise towards $0.000020. Conversely, continued selling pressure could drive SHIB down to $0.000016.

Shiba Inu’s next moves will likely depend on broader market trends, including Bitcoin’s performance. A recovery in Bitcoin’s price could positively impact SHIB, while further declines could trigger additional losses.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #SHIB $SHIB

Worldcoin Slammed for Alleged Price Manipulation: Experts Call WLD the "Biggest Scam Token"

Worldcoin is under fire from crypto experts who accuse the project of manipulating its token price, labeling it the "biggest scam token of the bull run."

Since its launch, Worldcoin has faced numerous controversies while claiming to address major AI challenges. Onchain investigator ZachXBT has accused Worldcoin of being a "scam project," revealing that the team manipulated the WLD price. He called out prominent venture capitalists and team members, including Coinbase's Nick Tomaino, FTX's Sam Bankman-Fried, and 3AC, for enabling these fraudulent activities.
“Shame on all the VCs and team members complicit in this scam and doing nothing to prevent it,” ZachXBT wrote.

His critique is backed by a report from DefiSquared, a Bybit Exchange trader, which details price manipulation tactics within the Worldcoin ecosystem. The report reveals how the team maintained a $30 billion valuation while claiming no involvement in price control.

DefiSquared's research exposes Worldcoin's questionable tokenomics and market strategies. The team allegedly allocated most of its supply to market makers to stabilize prices, only to later allow a rapid 100% price increase. CEO Alex Bania denied any control over WLD price at Token2049 in Dubai.

The report also highlights Orb Operators collecting biometric data and moving large amounts of WLD to exchanges like Binance, suggesting insider trading. One operator reportedly transferred $150,000 worth of WLD to Binance every three days, coinciding with a price spike above $12 in March.

DefiSquared criticized this strategy as a ploy to lure retail investors. “Worldcoin timed positive news just before unlocks to drive prices up, creating liquidity for insiders to exit,” the analyst noted. There are suspicions of insider trading, with team members potentially buying ahead of news releases.

These revelations underscore the importance of thorough research before investing in any crypto project.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA $WLD

Make Fat Profits With This Simple Guide to Triangular Arbitrage Trading

Triangular arbitrage is legal in most jurisdictions. It is a strategy where traders capitalize on price differences of cryptocurrencies across different exchanges. Though it requires a keen eye and quick action, bots now make it accessible to more traders. This guide will give you a break down of how it works.

Arbitrage is the practice of buying and selling the same asset in different markets to profit from price discrepancies. For example, if Polygon’s MATIC is cheaper on Uniswap than PancakeSwap, a trader can buy low and sell high to make a profit.

Triangular arbitrage involves trading between three cryptocurrencies to exploit price differences. Here’s how it works:

For example, if MATIC, Bitcoin (BTC), and Tether (USDT) have mismatched rates on Binance, you can:
1. Buy MATIC with USDT.
2. Sell MATIC for BTC.
3. Convert BTC back to USDT.

Imagine a trader spots these rates on Binance:
- MATIC/BTC = 0.000018 BTC
- BTC/USDT = 29,500 USDT
- MATIC/USDT = 0.531 USDT (buy) and 0.535 USDT (sell)

By executing these trades:
1. Buy 18,832.61 MATIC for 10,000 USDT.
2. Sell MATIC for 0.338987 BTC.
3. Convert BTC to 10,053.95 USDT.
After fees, the trader makes a net profit of 33.90 USDT.

Triangular vs Statistical Arbitrage
- Triangular Arbitrage exploits pricing discrepancies between three currency pairs.
- Statistical Arbitrage uses historical data and statistical models to find opportunities across multiple assets.

Benefits of Triangular Arbitrage
1. Transparency: Increases market activity and liquidity.
2. Market Efficiency: Helps correct pricing imbalances.
3. Profit Opportunities: More chances to profit compared to single-market trading.
4. Risk Mitigation: Diversifies exposure across multiple assets.

Risks of Triangular Arbitrage
1. Liquidity Risk: Insufficient assets can block trade execution.
2. Market Efficiencies: Delays & volatility can disrupt timing.
3. Slippage: Rapid price changes can affect intended trade prices.
Credit: CoinTelegraph
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip

Q2 2024 Crypto Trends: Memecoins, Real-World Assets, and AI Lead the Pack

Memecoins, Real-World Assets (RWA), and Artificial Intelligence dominated the crypto scene in Q2 2024, according to CoinGecko's latest report.

Top Crypto Trends:
- Memecoins: Leading the charge, memecoins captured 14% of CoinGecko's traffic, reflecting their growing popularity and significant market impact. Solana and Base were the most popular ecosystems for these tokens, accounting for 23% of market attention.
- Real-World Assets (RWA): Tokenized assets like real estate garnered 11% of web traffic, showcasing increased interest in tangible asset digitization.
- Artificial Intelligence (AI): AI-related cryptocurrencies made up 10% of traffic, highlighting the integration of advanced tech into the crypto space.

Key Highlights:
- Top Performers: Memecoins emerged as major players, boasting an average return of 1,312% across top tokens by market cap.
- Controversy and Skepticism: Despite their success, memecoins faced criticism for potentially diverging from the core principles of cryptocurrency, with notable skepticism from figures like Tether CEO Paolo Ardoino.
- Additional Insights: Solana, Ethereum, Base, and The Open Network were among the top 15 crypto narratives, emphasizing their continued relevance and innovation.

Ether’s Inflationary Shift:
- Ethereum Network: Ether turned inflationary in Q2 2024, adding 120,000 ETH to its circulating supply while burning 107,725 ETH, primarily due to the Dencun upgrade in March 2024.

CoinGecko’s report, released on July 16, provides a comprehensive overview of these emerging trends and significant events shaping the crypto industry in Q2 2024.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #VanEck_SOL_ETFS #memecoins $DOGE $PEPE $FLOKI