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$NOT (NOT) might continue to rise ¹ - *Weekly gains*: The price of NOT has risen by 150% in the last week, and its market cap has increased by more than $640 million. - *New all-time high*: NOT's price has hit a new all-time high of $0.012 with a market cap of $1.218 billion. - *Rising popularity*: The rising popularity of Notcoin, a play-to-earn Web3 game hosted on Telegram, has led to significant interest from Telegram’s expansive user base. - *Increasing holders*: NOT has 1.6 million on-chain holders, more than popular meme coins like Shiba Inu, BONK, and Pepe. - *Daily trading volume*: The daily trading volume for NOT has surged by 18% and has passed $1.2 billion. - *Liquidations*: The recent surge of Notcoin has triggered a wave of liquidations with over $5.9 million in short positions liquidated in the last 24 hours. DYOR #writetoearn #write2earn
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*Crypto Market Update: Bearish Trend Continues as ETH, SOL, XRP, DOGE, and PEPE Prices Fall* - The global crypto market cap is $2.53 trillion, a 1.23% decrease over the last day - Bitcoin is at $67,939.10, a 0.40% increase in the last hour - Ethereum is at $3,741.27, a 0.22% increase in the last hour - XRP is at $0.5203, a 0.52% increase in the last hour - Dogecoin is at $0.1594, a 0.39% increase in the last hour *Current Market Updates:* - The crypto market is expected to remain shaky ahead of Friday’s U.S. inflation report, which may lead to a rate hike and further market volatility. - CHZ has surged over 20% in seven days, the third-biggest gain among the top 100 cryptocurrencies by market value, due to its increasing adoption in the sports and entertainment industry. - BlackRock’s Bitcoin ETF has surpassed Grayscale’s GBTC to become the largest spot Bitcoin product, indicating growing institutional interest in cryptocurrencies. - Bitcoin price prediction: BTC nears $68,000; BlackRock’s $20B fund boosts investor confidence, as the market anticipates a potential price surge. *Current News:* - China’s central bank on offshore CNY market and cross-border transaction: The People's Bank of China (PBOC) has announced new regulations to strengthen its control over the offshore yuan market and cross-border transactions, which may impact cryptocurrency trading in the region. - Joint global tax group issues crypto risk indicators to financial institutions: The OECD has released a report highlighting the risks associated with cryptocurrency transactions and providing guidelines for financial institutions to identify and mitigate these risks. - PayPal’s PYUSD stablecoin on Solana introduces ‘confidential transfers’ for enhanced privacy: PayPal has launched a new feature for its stablecoin, allowing users to make confidential transactions and protecting their identities. #writetoearn #Write2Earn! #cryptobearish
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Robinhood Welcomes Wormhole (W) & Jupiter (JUP) Trading in Europe Robinhood Crypto has announced that it is facilitating Wormhole (W) and Jupiter (JUP) trading for European customers. This move marks a significant expansion of the platform's cryptocurrency offerings. Rewards for Trading The crypto exchange is offering rewards for trading, including a €500 reward with up to a 10% bonus on net purchases during the first 30 days of user sign-up. JUP & W Prices Fall, What’s Next? Despite the optimistic listing chronicle, JUP’s price showed signs of a pullback, dipping 7.11% in the past 24 hours to $1.10. W’s price chart showed a fall of 6.76% over the past day to $0.5751. The slump in prices primarily follows the broader market’s movement. About Wormhole (W) - Wormhole is a popular bridge connecting various blockchains. - W is the governance token of the cross-chain blockchain protocol Wormhole. - Wormhole plans to distribute 10 billion W tokens over four years, with an initial release of 1.8 billion. About Jupiter (JUP) - Jupiter is a DEX aggregator on Solana that is designed to help users discover the "best price" in one place. - JUP is the native token of Jupiter. - Jupiter offers additional services and features including a limit order swap feature that allows users to set preferred conditions for their transactions, along with dollar-cost averaging (DCA), enabling users can to set up periodic purchases over a time period. Additional Points - Wormhole raised $225 million in funding from Coinbase Ventures, Multicoin Capital, Jump Trading, and more, valuing the company at an impressive $2.5 billion. - Jupiter was launched in 2021 and is dedicated to creating a platform for DeFi enthusiasts on the Solana network. - Jupiter claims to process an average of $350 million worth of crypto assets trades daily from over 100,000 unique wallets. #Write2Earn! #writetoearn
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$XRP Ripple's Legal Battle Heats Up: 51M XRP Coins Moved as SEC Reply Looms_ - A whale transferred 51 million XRP coins, worth approximately $18.5 million, amid Ripple's ongoing legal battle with the US Securities and Exchange Commission (SEC). - The transfer was made from an unknown wallet to another unknown wallet, sparking speculation about the intentions behind the move. - Ripple has submitted a reply letter to the SEC's claims, arguing that XRP is not a security and should not be regulated as such. - The legal battle between Ripple and the SEC continues, with implications for the future of XRP and the broader cryptocurrency market. - The price of XRP has been volatile, with some analysts predicting a potential surge if Ripple succeeds in its legal battle. #xrp #writetoearn #write2earn
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Market Dip: Uncovering the Reasons Behind the Recent Crypto Slump_ Here are some reasons for the recent crypto market dip: - _Investors are still long on Crypto_: More and more retail and institutional investors wait on the sidelines for dips in price and then buy more crypto. This creates a higher price floor for cryptos, particularly the top ones like Bitcoin and Ethereum. - _Capital Gains Taxes_: Tax deadlines force many investors to take money out of the market to meet their obligations. If you use your income to pay your bills and pay your income tax, that means you don’t have as much money to invest once you pay taxes on your capital gains. - _Institutional Investors Taking Profit_: Institutional investors who bought Bitcoin at a low price are cashing out their profits now that the price has increased. - _Elon Musk's tweets_: Elon Musk's tweets about Dogecoin led to an investor rally on Reddit and other social media platforms. This led to a surge in price and then a fall once investors took profits. - _Futures Deleveraging_: Futures deleveraging, or the liquidation of over $1.6 billion worth of crypto futures contracts, led to a brief market correction and a dip in crypto prices. - _Blackout in Xinjiang_: A blackout in the Xinjiang region of China led to a 50% decline in Bitcoin’s hash rate. This led to a decline in value. These factors combined have led to the recent market dip, but it's important to remember that the crypto market is highly volatile and can fluctuate rapidly. DYOR #writetoearn #write2earn #crypto
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