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📢Crypto derivatives platform #Paradigm cuts salaries by 15 percent.
The OTC firm blamed the pay reduction on contagion stemming from the collapse of the crypto exchange FTX.
Source: #Coinmarketcap
The OTC firm blamed the pay reduction on contagion stemming from the collapse of the crypto exchange FTX.
Source: #Coinmarketcap
Weekly Top #Gainers on #Coinmarketcap 🔥
Do you have any of these #tokens in your #wallet as your own?
They were certainly #pumped this past week.🚀
Do you have any of these #tokens in your #wallet as your own?
They were certainly #pumped this past week.🚀
📢Bankrupt crypto lender #BlockFi said its CEO cashed out close to $10 million from the platform to pay taxes last year as #FTX provided about $15 million in payments to certain insider accounts as part of a confidential settlement.
Source: #Coinmarketcap
#crypto2023
Source: #Coinmarketcap
#crypto2023
If I give $1000 USDT right now, which token will you buy?
#crypto2023 #marketcap #Coinmarketcap #Bitcon #CryptoArenaTeam
#crypto2023 #marketcap #Coinmarketcap #Bitcon #CryptoArenaTeam
Dogecoin Fails to Outperform Bigger Altcoins in Gains
The bulk of the crypto market has rallied behind #bitcoin in the previous day. Yet, #DogeCoin seems to have its own mind, as it has gone in the other way. The meme currency began Thursday with a loss, continuing the pattern of DOGE diverging from the overall crypto market trend during the previous week.
Dogecoin Fails to Outperform Bigger #Altcoins in Gains
Dogecoin has failed to match the increases of prominent cryptocurrencies like Ethereum and XRP. Over this period, the meme currency has maintained a pretty limited trend, losing over 3% in the early hours of Thursday while other cryptocurrencies, such as Bitcoin, have recovered.
This is not the first time DOGE has moved in the other way in a short period of time. Earlier this week, Bitcoin's price plummeted below $30,000, dragging the rest of the market down with it. DOGE, on the other hand, has proven strong in the face of this bear trend, with billionaire Elon Musk reiterating his support for the digital asset.
Musk had moved his location to X with the shift of Twitter to X, but he had also added the famed #DOGE sign. This action generated anticipation that Dogecoin will be introduced into the social networking site as a payment option, and the price rose as a consequence.
As a result, while the values of other digital assets were decreasing, Dogecoin was seeing double-digit daily increases. With the projected cool-off from its earlier gain, the meme coin's divergence during the market rebound comes as no surprise.
Despite the fact that Dogecoin has not followed the market rise, the meme currency has maintained its market position. DOGE is the seventh-largest cryptocurrency, having a market capitalization of $11.1 billion. This puts it ahead of Cardano, which fell behind the meme currency after DOGE's several rallies this week.
DOGE, on the other hand, is now experiencing a substantial halt in its momentum, as seen by a steep fall in daily trading volume. According to #Coinmarketcap , Dogecoin's daily trading volume has dropped more than 45% in the previous day to $678 million at this moment.
This drop in trading volume suggests that investors are already fleeing the asset, believing that the surge has ended. Considering this, the meme currency may struggle to make a comeback at this point. Yet, if Musk discusses the currency in the next days, it will rebound regardless of the decrease in momentum.
Dogecoin Fails to Outperform Bigger #Altcoins in Gains
Dogecoin has failed to match the increases of prominent cryptocurrencies like Ethereum and XRP. Over this period, the meme currency has maintained a pretty limited trend, losing over 3% in the early hours of Thursday while other cryptocurrencies, such as Bitcoin, have recovered.
This is not the first time DOGE has moved in the other way in a short period of time. Earlier this week, Bitcoin's price plummeted below $30,000, dragging the rest of the market down with it. DOGE, on the other hand, has proven strong in the face of this bear trend, with billionaire Elon Musk reiterating his support for the digital asset.
Musk had moved his location to X with the shift of Twitter to X, but he had also added the famed #DOGE sign. This action generated anticipation that Dogecoin will be introduced into the social networking site as a payment option, and the price rose as a consequence.
As a result, while the values of other digital assets were decreasing, Dogecoin was seeing double-digit daily increases. With the projected cool-off from its earlier gain, the meme coin's divergence during the market rebound comes as no surprise.
Despite the fact that Dogecoin has not followed the market rise, the meme currency has maintained its market position. DOGE is the seventh-largest cryptocurrency, having a market capitalization of $11.1 billion. This puts it ahead of Cardano, which fell behind the meme currency after DOGE's several rallies this week.
DOGE, on the other hand, is now experiencing a substantial halt in its momentum, as seen by a steep fall in daily trading volume. According to #Coinmarketcap , Dogecoin's daily trading volume has dropped more than 45% in the previous day to $678 million at this moment.
This drop in trading volume suggests that investors are already fleeing the asset, believing that the surge has ended. Considering this, the meme currency may struggle to make a comeback at this point. Yet, if Musk discusses the currency in the next days, it will rebound regardless of the decrease in momentum.
The $21 Threshold Is Becoming Difficult For The Solana Bulls The Future...
Both buyers and sellers have been unable to get control of Solana (SOLpricing )'s recently. Daily charts have shown a narrative of uncertainty, with the emergence of doji candles indicating no clear trend. After a precipitous drop, prices have been moving more slowly, signalling that bearish momentum is ebbing.
Recent price activity has not been promising, despite cautious confidence among bulls. Buyers had a hard time breaking over the $21 resistance level. As breaking through this barrier is a significant step towards $SOL 's bullish goals, it has been a focal point for traders.
According to #Coinmarketcap , the current price of #SOL is $19.05, representing a decrease of 1.6% over the previous 24 hours and a drop of 5.2% over the last 7 days. While these numbers look bad at first glance, there is still reason to believe that the market will soon begin to trend upwards again.
Technical experts have seen a potentially inverted head and shoulders pattern on the daily time frame chart, providing some optimism despite the market's volatility. The completion of this pattern is frequently interpreted as a bullish reversal indication, suggesting that SOL may be headed for brighter times.
Left shoulder, head, and right shoulder are the three primary components of the pattern. The latest price drop in SOL is interpreted as the right shoulder being fully formed, which might lead to a rally in the near future. If SOL manages to maintain a price below $19, we may see a retest of the neckline resistance around $20.80.
The inverted head and shoulders pattern may provide some encouragement, but investors should proceed with caution. The Relative Strength Index (RSI) has been stuck below the 50 mark, indicating that bearish sentiment persists, for some days now. In addition, despite many efforts throughout the month of September, the On-Balance Volume (OBV) has been unable to break past local resistance, suggesting that sellers may still be in control.
A price research states that a compelling break of the $18.58 barrier by SOL would convert the market structure negative. Until then, a short-term consolidation range is still a distinct possibility before SOL makes a possible upward move. But, the available data implies that sellers are not yet prepared to give up control.
Although the appearance of an inverted head and shoulders pattern gives bullish traders reason to be optimistic, they should proceed with care because major indications point to continuing market instability. If SOL is going to be able to break out of its trading range and start heading upwards, the next few days will likely be decisive.
Recent price activity has not been promising, despite cautious confidence among bulls. Buyers had a hard time breaking over the $21 resistance level. As breaking through this barrier is a significant step towards $SOL 's bullish goals, it has been a focal point for traders.
According to #Coinmarketcap , the current price of #SOL is $19.05, representing a decrease of 1.6% over the previous 24 hours and a drop of 5.2% over the last 7 days. While these numbers look bad at first glance, there is still reason to believe that the market will soon begin to trend upwards again.
Technical experts have seen a potentially inverted head and shoulders pattern on the daily time frame chart, providing some optimism despite the market's volatility. The completion of this pattern is frequently interpreted as a bullish reversal indication, suggesting that SOL may be headed for brighter times.
Left shoulder, head, and right shoulder are the three primary components of the pattern. The latest price drop in SOL is interpreted as the right shoulder being fully formed, which might lead to a rally in the near future. If SOL manages to maintain a price below $19, we may see a retest of the neckline resistance around $20.80.
The inverted head and shoulders pattern may provide some encouragement, but investors should proceed with caution. The Relative Strength Index (RSI) has been stuck below the 50 mark, indicating that bearish sentiment persists, for some days now. In addition, despite many efforts throughout the month of September, the On-Balance Volume (OBV) has been unable to break past local resistance, suggesting that sellers may still be in control.
A price research states that a compelling break of the $18.58 barrier by SOL would convert the market structure negative. Until then, a short-term consolidation range is still a distinct possibility before SOL makes a possible upward move. But, the available data implies that sellers are not yet prepared to give up control.
Although the appearance of an inverted head and shoulders pattern gives bullish traders reason to be optimistic, they should proceed with care because major indications point to continuing market instability. If SOL is going to be able to break out of its trading range and start heading upwards, the next few days will likely be decisive.
Here is a list of 🔝Ten biggest #crypto gainers 📈 in last 2️⃣4️⃣ hours⏰
Updated: October 3️⃣1️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ Polymesh - $POLYX 📈 +31,83%
2️⃣ Osmosis - $OSMO 📈 +16,04%
3️⃣ Orbs - $ORBS 📈 +13,53%
4️⃣ ThorChain - $RUNE 📈 +13,78%
5️⃣ Bluzelle - $BLZ 📈 +12,36%
6️⃣ BitTorrent - $BTT 📈 +12,30%
7️⃣ 0x Protocol - $ZRX 📈 +11,70%
8️⃣ Solana - $SOL 📈 +9,89%
9️⃣ Cosmos - $ATOM 📈 +9,81%
🔟 Pundi X - $PUNDIX 📈 +9,11%
As you can see, among the top gainers, there is a overwhelming dominance of gaming tokens. This indicates a potential trend for the upcoming #BullRun ,so be prepared for it. We are offering you a Bonus for maximum profits.
🔥Bonus % : The most anticipated presale of the year with the potential of 10000% will start soon on 🌎spacecatch.io #SpaceCatch Next-generation AR game driven by complex AI. Build your hero and protect the human Metaverse against aliens! Train your avatar, build shelters, defeat aliens, earn rewards, and show that you are more intelligent than AI!📱#Binance
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Updated: October 3️⃣1️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ Polymesh - $POLYX 📈 +31,83%
2️⃣ Osmosis - $OSMO 📈 +16,04%
3️⃣ Orbs - $ORBS 📈 +13,53%
4️⃣ ThorChain - $RUNE 📈 +13,78%
5️⃣ Bluzelle - $BLZ 📈 +12,36%
6️⃣ BitTorrent - $BTT 📈 +12,30%
7️⃣ 0x Protocol - $ZRX 📈 +11,70%
8️⃣ Solana - $SOL 📈 +9,89%
9️⃣ Cosmos - $ATOM 📈 +9,81%
🔟 Pundi X - $PUNDIX 📈 +9,11%
As you can see, among the top gainers, there is a overwhelming dominance of gaming tokens. This indicates a potential trend for the upcoming #BullRun ,so be prepared for it. We are offering you a Bonus for maximum profits.
🔥Bonus % : The most anticipated presale of the year with the potential of 10000% will start soon on 🌎spacecatch.io #SpaceCatch Next-generation AR game driven by complex AI. Build your hero and protect the human Metaverse against aliens! Train your avatar, build shelters, defeat aliens, earn rewards, and show that you are more intelligent than AI!📱#Binance
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#TrustWallet has partnered with #CoinMarketCap to bring #decentralised logins to the masses. 💙🌏
Create a #CMC account using only your Trust #Wallet to gain access to all CMC features - no email required!
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Here is a list of 🔝Ten biggest #crypto gainers 📈 in last 2️⃣4️⃣ hours⏰
Updated: December 2️⃣2️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ Raydium - $RAY 📈 +64,24%
2️⃣ Near Protocol - $NEAR 📈 +34,16%
3️⃣ Tellor - $TRB 📈 +26,59%
4️⃣ Centrifuge - $CFG 📈 +25,57%
5️⃣ Algorand - $ALGO 📈 +23,76%
6️⃣ Bonk - $BONK 📈 +20,13%
7️⃣ Fusionist - $ACE 📈 +20,12%
8️⃣ Oasis Network - $ROSE 📈 +20,09%
9️⃣ Solana - $SOL📈 +17,64%
🔟 Optimism - $OP 📈 +15,12%
#SpaceCatch Presale Gainer 🔥
#crypto2024SpaceCatch #crypto2024catch
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Updated: December 2️⃣2️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ Raydium - $RAY 📈 +64,24%
2️⃣ Near Protocol - $NEAR 📈 +34,16%
3️⃣ Tellor - $TRB 📈 +26,59%
4️⃣ Centrifuge - $CFG 📈 +25,57%
5️⃣ Algorand - $ALGO 📈 +23,76%
6️⃣ Bonk - $BONK 📈 +20,13%
7️⃣ Fusionist - $ACE 📈 +20,12%
8️⃣ Oasis Network - $ROSE 📈 +20,09%
9️⃣ Solana - $SOL📈 +17,64%
🔟 Optimism - $OP 📈 +15,12%
#SpaceCatch Presale Gainer 🔥
#crypto2024SpaceCatch #crypto2024catch
Do you want to receive this information every day? Give us a like❤️ and start following us🔔
Here is a list of 🔝Ten biggest #crypto gainers 📈 in last 2️⃣4️⃣ hours⏰
Updated: November 2️⃣5️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ #SpaceCatch and #CATCH token presale boosted over 20% in last 24 hours and most over 70% of community round is sold out 🤑
2️⃣ Ethereum PoW - $ETHW 📈 +27,65%
3️⃣ Sei - $SEI 📈 +25,54%
4️⃣ Magic - $MAGIC 📈 +20,54%
5️⃣ Mina - $MINA 📈 +20,34%
6️⃣ Blur - $BLUR 📈 +18,32%
7️⃣ Sui - $SUI 📈 +14,83%
8️⃣ Helium - $HNT 📈 +14,50%
9️⃣ Stepn - $GMT 📈 +14,15%
🔟 The Graph - $GRT 📈 +14,12%
Do you want to receive this information every day? Give us a like❤️ and start following us🔔
#SpaceCatch #Binance
Updated: November 2️⃣5️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ #SpaceCatch and #CATCH token presale boosted over 20% in last 24 hours and most over 70% of community round is sold out 🤑
2️⃣ Ethereum PoW - $ETHW 📈 +27,65%
3️⃣ Sei - $SEI 📈 +25,54%
4️⃣ Magic - $MAGIC 📈 +20,54%
5️⃣ Mina - $MINA 📈 +20,34%
6️⃣ Blur - $BLUR 📈 +18,32%
7️⃣ Sui - $SUI 📈 +14,83%
8️⃣ Helium - $HNT 📈 +14,50%
9️⃣ Stepn - $GMT 📈 +14,15%
🔟 The Graph - $GRT 📈 +14,12%
Do you want to receive this information every day? Give us a like❤️ and start following us🔔
#SpaceCatch #Binance
5 Reasons You Might Not Make It In Crypto 😞📰
Making it in the crypto space is very easy and can easily be complicated if you don't know what to do. These 5 tips are characteristics that could be hindering you;
1. Laziness - While most people refuse to accept the fact that they are lazy, it eventually plays out and gets to a point where you just can't deny anymore.
Accepting your weaknesses can be very hard and celebrating false strengths is the easiest.
However, for proper growth you should learn to accept your shortcomings an start seeing them as things you can improve on, once you set your mind to it. Most people in the crypto space are just too lazy to take life-changing actions, such as airdrops, promotional activities or more etc. 🐒
2. Inability to #dyor - As the name implies, Doing Your Own Research (DYOR), most users do not know how to make good research.
You do not need to be best at it, you just only need to be able to decide if investing in a project or carrying out a certain activity, is the right move.
In the early days, most people got to know about #bitcoin , but not all of them was willing to invest in it for longterm, but #cz did. This was because of the research he made and belief in the system.
Before investor in a project,you should look out for the use case and potential need for the market. The team behind the project is also a good research to make. Nowadays , there are websites that help you make research easily, such as #Coinmarketcap etc.
3. Isolated - Everyone needs a community, two good heads are far better than one good head. This is why joining Communities and following up with trends is the right way to go.
Some traders wake up and start investing with guesswork. In-depth analysis could save you from loads of liquidations and losses. Google can be the second head you need, use it well and binance feed too.
4. Rigid - This often occurs when an individual feels too attached to a certain way of doing things, even when the potential output of that activity is questionable.
So yes, there are Individuals who prefer spot trading, while others are futures traders. While these niches are profitable, been flexible could be the way for you.
All you need do is to become receptive to other opportunities out there, such as trading competitions, airdrop activities and more. These could end up making you cool funds as per beginners luck or so. 🙉
5. You Are Not Following Us Yet - Yeah, you read that right. Everyone has a lot of potentials and if there is even a 1% chance of benefitting, then you should try as much as possible to surround yourself with as much #crypto enthusiasts as possible.
We share contents around airdrops, crypto news, and other educational contents like these. Do well to stick around if you find these interesting.💥
Bonus Tips:
#Binance academy has a ton of educational materials to help you through your Crypto journey. Make sure to use it to the fullest, you can also earn a free NFT certificate 👏
Follow ✅
Like ✅
Share✅
Comment your thoughts below 👍
Thanks for reading 🙏✍️
1. Laziness - While most people refuse to accept the fact that they are lazy, it eventually plays out and gets to a point where you just can't deny anymore.
Accepting your weaknesses can be very hard and celebrating false strengths is the easiest.
However, for proper growth you should learn to accept your shortcomings an start seeing them as things you can improve on, once you set your mind to it. Most people in the crypto space are just too lazy to take life-changing actions, such as airdrops, promotional activities or more etc. 🐒
2. Inability to #dyor - As the name implies, Doing Your Own Research (DYOR), most users do not know how to make good research.
You do not need to be best at it, you just only need to be able to decide if investing in a project or carrying out a certain activity, is the right move.
In the early days, most people got to know about #bitcoin , but not all of them was willing to invest in it for longterm, but #cz did. This was because of the research he made and belief in the system.
Before investor in a project,you should look out for the use case and potential need for the market. The team behind the project is also a good research to make. Nowadays , there are websites that help you make research easily, such as #Coinmarketcap etc.
3. Isolated - Everyone needs a community, two good heads are far better than one good head. This is why joining Communities and following up with trends is the right way to go.
Some traders wake up and start investing with guesswork. In-depth analysis could save you from loads of liquidations and losses. Google can be the second head you need, use it well and binance feed too.
4. Rigid - This often occurs when an individual feels too attached to a certain way of doing things, even when the potential output of that activity is questionable.
So yes, there are Individuals who prefer spot trading, while others are futures traders. While these niches are profitable, been flexible could be the way for you.
All you need do is to become receptive to other opportunities out there, such as trading competitions, airdrop activities and more. These could end up making you cool funds as per beginners luck or so. 🙉
5. You Are Not Following Us Yet - Yeah, you read that right. Everyone has a lot of potentials and if there is even a 1% chance of benefitting, then you should try as much as possible to surround yourself with as much #crypto enthusiasts as possible.
We share contents around airdrops, crypto news, and other educational contents like these. Do well to stick around if you find these interesting.💥
Bonus Tips:
#Binance academy has a ton of educational materials to help you through your Crypto journey. Make sure to use it to the fullest, you can also earn a free NFT certificate 👏
Follow ✅
Like ✅
Share✅
Comment your thoughts below 👍
Thanks for reading 🙏✍️
Here is a list of 🔝Ten biggest #crypto losers 📉in last 2️⃣4️⃣ hours⏰
Updated: October 3️⃣0️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ ssv.network $SSV 📉 -4,72%
2️⃣ Galxe - $GAL 📉 -4,64%
3️⃣ Enjin Coin - $ENJ 📉 -4,16%
4️⃣ Aragon - $ANT 📉 -3,76%
5️⃣ ApeCoin - $APE 📉 -3,51%
6️⃣ Biconomy - $BICO 📉 -3,48%
7️⃣ Ocean Protocol - $OCEAN 📉 -3,23%
8️⃣ Decentraland - $MANA 📉 -3,11%
9️⃣ EOS - $EOS 📉 -3,10%
🔟 Aave - $AAVE 📉 -2,98%
Do you want to receive this information every day? Give us a like❤️ and start following us🔔
#SpaceCatch #CATCH #Binance
Updated: October 3️⃣0️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ ssv.network $SSV 📉 -4,72%
2️⃣ Galxe - $GAL 📉 -4,64%
3️⃣ Enjin Coin - $ENJ 📉 -4,16%
4️⃣ Aragon - $ANT 📉 -3,76%
5️⃣ ApeCoin - $APE 📉 -3,51%
6️⃣ Biconomy - $BICO 📉 -3,48%
7️⃣ Ocean Protocol - $OCEAN 📉 -3,23%
8️⃣ Decentraland - $MANA 📉 -3,11%
9️⃣ EOS - $EOS 📉 -3,10%
🔟 Aave - $AAVE 📉 -2,98%
Do you want to receive this information every day? Give us a like❤️ and start following us🔔
#SpaceCatch #CATCH #Binance
#$1,000+ Working For #Coinmarketcap 👇
I got an opportunity to work for Coinmarketcap and ended up becoming one of their Top KOLs for the month.
This was life changing for me as I was only a newbie and just got into the crypto space .
Here are some tips for everyone struggling out there:
1. Making it in crypto is very very easy.
2. All you need is the confidence and willingness to put in the work
3. There are tons of ways to earn, not just by trading.
4. Try to network and do lots of research. This would help you analyse easily.
5. Stay hungry and humble.
These are some key characteristics that helped me alot. This experience is one of my #GOATMoments in crypto, and many more in my portfolio 📈📉.
What's one of your Goat Moments?
Have you felt proud in crypto before?
Follow us 📍
Like and share post 📍
I got an opportunity to work for Coinmarketcap and ended up becoming one of their Top KOLs for the month.
This was life changing for me as I was only a newbie and just got into the crypto space .
Here are some tips for everyone struggling out there:
1. Making it in crypto is very very easy.
2. All you need is the confidence and willingness to put in the work
3. There are tons of ways to earn, not just by trading.
4. Try to network and do lots of research. This would help you analyse easily.
5. Stay hungry and humble.
These are some key characteristics that helped me alot. This experience is one of my #GOATMoments in crypto, and many more in my portfolio 📈📉.
What's one of your Goat Moments?
Have you felt proud in crypto before?
Follow us 📍
Like and share post 📍
LIVEAkahilz Academy
--
10 Reasons A Coin Pumps 📈😮
This strategy has made people Crypto millionaires and learning it today could help you in your journey of attaining financial freedom.
It's good to know the reasons why a coin will pump, as this can help you position for gains or create an opportunity to prevent losses.
Fundamental reasons a token appreciates in value
These reasons are:
Increased demand. As with any asset, the most basic reason for a token to appreciate in value is if there is an increase in demand for it. This could be driven by a number of factors, such as increased adoption of the token's underlying platform, increased interest in the token's use cases, or simply speculation that the token's price will continue to rise.
Decreased supply. If the supply of a token decreases, while demand remains the same or increases, then the price of the token will likely appreciate. This could happen if tokens are burned, if they are locked up in smart contracts, or if they are simply lost.
Improvements to the underlying platform. If the underlying platform of a token is improved, then the token's value may also appreciate. This is because improvements to the platform could make it more attractive to users, which could lead to increased demand for the token.
Positive news about the token or its underlying platform. Positive news about a token or its underlying platform could also lead to an increase in the token's value. This could include news about partnerships, new features, or upcoming events.
FOMO (fear of missing out). FOMO, or fear of missing out, can also drive up the price of a token. This is when investors buy a token because they are afraid that they will miss out on potential gains if they don't buy it.
Speculation. Speculation is another factor that can drive up the price of a token. This is when investors buy a token in the hope that they will be able to sell it for a profit in the future.
Adoption by large institutions. If large institutions, such as banks or hedge funds, start to adopt a token, then this could lead to an increase in demand and an appreciation in value.
Regulation. In some cases, regulation can also lead to an appreciation in the value of a token. This is because regulation can provide investors with confidence in the token and its underlying platform.
Changes in the overall cryptocurrency market. The overall cryptocurrency market can also have an impact on the value of a token. If the overall market is bullish, then this could lead to an increase in the value of all tokens, including the token in question.
Technological advancements. Technological advancements can also lead to an appreciation in the value of a token. This is because technological advancements can make the token more useful or efficient, which could lead to increased demand.
Summary :
It is important to note that the value of a token can also decrease for a number of reasons. These include decreased demand, increased supply, negative news about the token or its underlying platform, and a lack of confidence in the token's future.
Ultimately, the value of a token is determined by supply and demand. If there is more demand for a token than there is supply, then the price of the token will likely appreciate. However, if there is more supply than demand, then the price of the token will likely decrease.
Feedback :
Let's hear your thoughts below 👇
Which other factors can make a coin pump?
Which #crypto2023 coins do you think will pump soon?
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Disclaimer :
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It's good to know the reasons why a coin will pump, as this can help you position for gains or create an opportunity to prevent losses.
Fundamental reasons a token appreciates in value
These reasons are:
Increased demand. As with any asset, the most basic reason for a token to appreciate in value is if there is an increase in demand for it. This could be driven by a number of factors, such as increased adoption of the token's underlying platform, increased interest in the token's use cases, or simply speculation that the token's price will continue to rise.
Decreased supply. If the supply of a token decreases, while demand remains the same or increases, then the price of the token will likely appreciate. This could happen if tokens are burned, if they are locked up in smart contracts, or if they are simply lost.
Improvements to the underlying platform. If the underlying platform of a token is improved, then the token's value may also appreciate. This is because improvements to the platform could make it more attractive to users, which could lead to increased demand for the token.
Positive news about the token or its underlying platform. Positive news about a token or its underlying platform could also lead to an increase in the token's value. This could include news about partnerships, new features, or upcoming events.
FOMO (fear of missing out). FOMO, or fear of missing out, can also drive up the price of a token. This is when investors buy a token because they are afraid that they will miss out on potential gains if they don't buy it.
Speculation. Speculation is another factor that can drive up the price of a token. This is when investors buy a token in the hope that they will be able to sell it for a profit in the future.
Adoption by large institutions. If large institutions, such as banks or hedge funds, start to adopt a token, then this could lead to an increase in demand and an appreciation in value.
Regulation. In some cases, regulation can also lead to an appreciation in the value of a token. This is because regulation can provide investors with confidence in the token and its underlying platform.
Changes in the overall cryptocurrency market. The overall cryptocurrency market can also have an impact on the value of a token. If the overall market is bullish, then this could lead to an increase in the value of all tokens, including the token in question.
Technological advancements. Technological advancements can also lead to an appreciation in the value of a token. This is because technological advancements can make the token more useful or efficient, which could lead to increased demand.
Summary :
It is important to note that the value of a token can also decrease for a number of reasons. These include decreased demand, increased supply, negative news about the token or its underlying platform, and a lack of confidence in the token's future.
Ultimately, the value of a token is determined by supply and demand. If there is more demand for a token than there is supply, then the price of the token will likely appreciate. However, if there is more supply than demand, then the price of the token will likely decrease.
Feedback :
Let's hear your thoughts below 👇
Which other factors can make a coin pump?
Which #crypto2023 coins do you think will pump soon?
Have you benefitted using this coin pump strategy before?
The newbies are reading your comments.
Also, feel free to ask any question
Follow us 📍
Like and Share Post 📍
Cheers 🥂
Disclaimer :
This post is not a financial advice and only for #educational purposes. Please always do your own research 🙏
Here is a list of 🔝Ten biggest #crypto gainers 📈 in last 2️⃣4️⃣ hours⏰
Updated: October 2️⃣8️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ Bitcoin SV - $BSV 📈 +51,64%
2️⃣ Skale - $SKL 📈 +30,11%
3️⃣ EthereumPoW - $ETHW 📈 +26,59%
4️⃣ BitTorrent - $BTTC 📈 +25,32%
5️⃣ Arbitrum - $ARB 📈 +25,31%
6️⃣ AAVE - $AAVE 📈 +22,73%
7️⃣ Lido Dao - $LDO 📈 +21,58%
8️⃣ Optimism - $OP 📈 +20,94%
9️⃣ eCash - $XEC 📈 +18,75%
🔟 Chainlink - $LINK 📈 +17,17%
Presale Gainer: #SpaceCatch #CATCH
#crypto2024SpaceCatch
Do you want to receive this information every day? Give us a like❤️ and start following us🔔
Updated: October 2️⃣8️⃣
#Coinmarketcap 🔝2️⃣0️⃣0️⃣
1️⃣ Bitcoin SV - $BSV 📈 +51,64%
2️⃣ Skale - $SKL 📈 +30,11%
3️⃣ EthereumPoW - $ETHW 📈 +26,59%
4️⃣ BitTorrent - $BTTC 📈 +25,32%
5️⃣ Arbitrum - $ARB 📈 +25,31%
6️⃣ AAVE - $AAVE 📈 +22,73%
7️⃣ Lido Dao - $LDO 📈 +21,58%
8️⃣ Optimism - $OP 📈 +20,94%
9️⃣ eCash - $XEC 📈 +18,75%
🔟 Chainlink - $LINK 📈 +17,17%
Presale Gainer: #SpaceCatch #CATCH
#crypto2024SpaceCatch
Do you want to receive this information every day? Give us a like❤️ and start following us🔔
