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🇭🇰 Hong Kong fund led by Ben Ng aims to raise $100 million to invest in #crypto startups.
#HongKong #BTC #crypto2023 #Binance #crypto101

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😱🤯Altcoin market was destroyed: These 4 names could not resist the sale🔻🔻🔻 1- JasmyCoin (#JASMY ) $JASMY , one of the most popular altcoins for a while, fell by 31.20 percent in the last 24 minutes. Especially frightening with futures market movements, JSMY ranked first. 2-dogwifhat (#WIF ) $WIF , one of the popular memecoins of the Solana ecosystem, lost 30 percent in value in the last 24 minutes. WIF, which was exposed to selling pressure due to open interest and the course of the market, joined the list in second place. 3- Lido DAO (#LDO ) With the increase in the trading of spot ETH ETFs, $LDO continued to increase for a short time. The popular altcoin, which lost support one by one as ETH lost $ 2500, fell by 29.15 percent and became third on the list. 4- Pepe (#PEPE ) PEPE, one of the leading memecoins of the Ethereum network, could not somehow overcome the selling pressure. Having lost 27.70 percent in the last 24 minutes, PEPE ranked 4th on the list. #altcoins

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😱🤯The wave of panic grew in Bitcoin and Altcoins: Reasons for the declines🔻🔻🔻 You can experience a turbulent Sunday in the cryptocurrency market. While a cryptocurrency is being taken back to $57,000 levels, many altcoins are seeing double-digit declines. The decline in #Bitcoin since the weekend deepened as the week ended. The total market value of cryptocurrencies decreased from 2 units of $126 billion to 1 unit of $975 billion today. $150 billion was erased in just a few times. The loss seen in the market since the week has reached $500 billion. It is estimated that there are many factors immediately behind the declines. Friday's employment data fueled fears of a recession in the US economy. Following this, major indices such as the S&P 500 and Nasdaq recorded significant losses, and the cryptocurrency market took its share. In addition to the geopolitical tension of the other legs of the declines, it is evaluated that Trump's chances of winning the election have started to decrease. In addition to all this, Jump Crypto's transactions in the market may have been hit. Jump Crypto, a crypto affiliate of algorithmic trading company Jump Trading, has transferred over $400 million in ETH to exchanges in the last two weeks. “The crazy sell-off in crypto seems to be due to the margin call area in traditional markets and therefore Jump Trading closing cryptocurrency transactions that need liquidity or are legally emerging over the weekend,” says crypto entrepreneur Julian Hosp. According to ZeroHedge, the cryptocurrency decline is the result of a large sell order placed by a timed explosion. The report noted that the birth of the same candidate’s son was 7 days old, and that the US exchanges were entered during the entry and left open over the weekend. It is alleged that this was done in order to sell high-frequency traders (HFT) and work on short assignments, as well as to close long assignments with leverage. #BTC #altcoins #binance

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😱🚀🚀Despite the market decline, these 3 Altcoins may be creating buying opportunities Optimism (#OP ): A Hidden Gem Ready to Surge in the Next Altcoin Season Optimism ($OP ) is a cryptocurrency focused on making Ethereum transactions faster and cheaper. Even with the current market slump, the patterns hint at a repeat of 2021’s bull run. OP uses a layer-2 scaling solution, which means it can handle more transactions quickly and with lower fees. If history repeats itself, this coin could be a big winner. The technology behind OP could gain more popularity, especially when the market starts to pick up again. This makes OP look very attractive in the current market cycle. $SUI : A New Contender Ready to Soar in the Upcoming Altcoin Season #SUI is a fresh and promising cryptocurrency with advanced technology. Its platform focuses on scalability and low transaction fees, making it ideal for everyday use. In the current market cycle, SUI shows remarkable potential to rise, much like some coins did in 2021. The coin’s innovative approach and solid foundation make it an attractive option for those looking to diversify their portfolio and capitalize on the next bull run. Lido (#LDO ): Unlocking Staking Rewards with Potential for Big Gains Lido ($LDO ) is a cryptocurrency used in a decentralized staking solution for Ethereum. It allows users to earn rewards while their ETH remains liquid and can be traded. With the market’s recent shake-up, LDO shows promise, recalling the positive patterns of the 2021 bull run. Its technology offers flexibility and accessibility in staking, making it attractive even in today’s market cycle. As more people look for reliable staking options, LDO could see significant growth. #altcoins

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😱🚀🚀We are examining 2 Altcoins with recovery potential that may be buying opportunities Avalanche ($AVAX ) Avalanche (#AVAX ) is currently trading between $21.82 and $31.49, showing potential for a strong rebound despite recent bearish momentum. Although bears have been dominant with a recent drop of nearly 20% in one week and over 34% in six months, there is a promising upside. If bulls can push past the $35.55 resistance, AVAX could rise to around $42.22, representing a potential 35% increase from its lower range. While caution is advised if the price dips below $22.22, which could lead to a decline towards $15.55, the overall outlook remains optimistic. The technical markers, including the RSI and MACD, indicate that with renewed buying interest, AVAX could experience significant gains. This positions AVAX for a possible strong upward move, making it an exciting opportunity for investors. TRON ($TRX ) TRON (TRX) is currently trading between $0.13 and $0.14, but it shows significant potential for a strong recovery. If TRX can break through the resistance at $0.14, it could rise to $0.15, representing a 7% increase. The Relative Strength Index (RSI) at 66.73 and the Stochastic reading at 76.39 suggest cautious optimism, indicating that while the market sentiment shows some bullish momentum, there is room for a substantial upward move. Recent price changes have been modest, with a 0.73% gain over the past month and a 7.55% rise over six months. Although there was a nearly 7% drop in the past week, this decline sets the stage for a potential robust recovery. If the bullish momentum strengthens, TRX could experience significant gains, making it an exciting opportunity for investors looking for growth. #binance #altcoins

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😱🤯Dogwifhat (WIF) crashed: Sales are increasing in Memecoins 🔻🔻🔻 According to CoinGlass systems, #Dogwifhat ($WIF ) OI has fallen by about 28 percent from $353.4 million to $252.5 million. Solana-based memecoin Dogwifhat’s open interest (OI) has fallen to lower levels following a price drop, with the move expected to see a retest of a critical support level in the near future. Cryptocurrency analysts have indicated that selling on dogwifhat (WIF) is likely to increase. WIF was trading at $1.67 at the time of publication on August 3, according to CoinMarketCap’s performance, and has fallen 35.48 percent since July 27. Several crypto analysts expect Dogwifhat to encourage a test of a critical support level at 1.50 in the near future. Cryptorphic, known for his cryptocurrency analysis, wrote in an X post on August 2, “WIF is in a recovery phase on the daily timeframe and is likely to move down towards the lower support trendline between $1.50 and $1.70.” Another crypto analyst, Scient, said, “The price is correcting towards the daily support.” Cryptocurrency investor CryptoJack wrote in a post to his 337,000 followers, “WIF price reached the previous target and is now falling again and will probably retest the $1.5 backup.” If dogwifhat tests the $1.5 band and the downward movement in BTC continues, then a pullback to $1 can be expected for the memecoin. The increasing BTC dominance every passing day, geopolitical problems and the increasing sales in BTC will have a negative impact on WIF. WIF investors first draw attention to $1.5 and then a band of dollars. #memecoins #WIFUSDT

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