BREAKING. . . EOS DECIDED TO BURN🔥 Half OF ITS SUPPLY.
Allegedly, EOS decided to burn half of its supply.

The development was announced by EOS Foundation CEO Yves La Rose, who shared a post on his official X account. In the post, there is a phrase like “EOS:2” and a Sesame Street character in flames is observed in the image. However, details for the burning in question have not yet been shared.

EOS, one of the older generation altcoins, has long been criticized for its poor performance. The altcoin hit an all-time high of $22.89 in 2018. At the time of writing this article, it is trading at $1.32, with a huge 27% increase after the development.

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Meme coins like PEPE, SHIB, and DOGE have surged as much as 26% in the past 24 hours due to a “spillover effect” from the growth of Bitcoin and Ethereum.

Traders have been using meme coins as a proxy bet on Ethereum’s growth since late February, and the bullish demand for ETH has been increasing since mid-January due to expectations of a spot ETF approval in the U.S.

Pepecoin (PEPE), shiba inu (SHIB) and dogecoin (DOGE) jumped as much as 26% in the past 24 hours as ether (ETH) inched towards $4,000, a level it previously saw in December 2021.

PEPE jumped 26% on renewed optimism, while DOGE and SHIB reversed Thursday’s losses to rise 10%. The meme coin category tracked on CoinGecko showed an 8.6% sector growth on average, as CoinDesk 20, a broad-based index of various tokens, rose 2.53%.

As reported, traders have used meme coins as a proxy bet on Ethereum’s growth since late February.

“As bitcoin and ether rise, a spillover effect is caused where coins deployed on ethereum and solana also surge - including meme coins,” shared Slater Heil, co-founder and COO of DeFi platform Blueberry Protocol, in a message to CoinDesk.

“Investors will take advantage of bullish conditions as much as possible, and meme coins are one way for them to do so. In the short-mid term, I expect a transition back to ‘fundamentally driven’ altcoins,” Heil cautioned.

Bullish demand for ether started to increase in mid-January amid expectations that it would be the next major token after bitcoin (BTC) to get a spot exchange-traded fund (ETF) in the U.S.

Coinbase premiums for Ethereum ecosystem tokens were higher than usual in the past week, suggesting recent demand was led by U.S. investors, as per CryptoQuant.
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#write2earnAnalyst accurately predicted $ETH ’s rise to $4000, following buy calls at $1000 and $2000 regions.
Despite previous accurate forecasts, many investors showed FOMO (Fear Of Missing Out) at higher prices.
New prediction suggests $ETH could reach 6-7K within the next 60 days, urging investors to consider the potential.
In the world of cryptocurrency, accurate predictions are like gold dust. One analyst has proven their mettle by accurately forecasting Ethereum’s (ETH) price movements, not just once but multiple times. Initially, when $ETH was hovering around the $1000 and $2000 marks, this expert shared buy calls, signaling a bullish outlook. However, many seemed to overlook these recommendations, possibly doubting the cryptocurrency’s potential for further growth.

Seems many people ignored my buy calls for $ETH at $1000 and $2000 region and are FOMO buying hard now

I even warned you two weeks ago at $3000 that $4000 is coming in next few days, and was right again.

Now I tell you 6-7k coming in 60 days

— Doctor Profit March 7, 2024
Fast forward to two weeks ago, the same analyst warned that Ethereum was on its way to hit the $4000 mark in the coming days—a prediction that materialized much to the regret of those who ignored the earlier advice. This series of accurate forecasts showcases not only the volatility and growth potential within the crypto market but also highlights the analyst’s understanding and analysis capabilities.

Now, the prediction horizon has been extended further, with the analyst suggesting a staggering rise to 6-7K for Seth within the next 60 days. This bold forecast comes at a time when the crypto market is witnessing significant interest and investment, driving up the prices and market cap of major cryptocurrencies, including Ethereum.
now watching closely, wondering if this new prediction will come to fruition, if the market will take a different turn. Regardless, the importance of thorough research, market analysis, and sometimes a bit of intuition, is underscored in the volatile world of crypto.
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Even though the bullish sentiment in the wider cryptocurrency sphere has started to slow down, many assets are not yet losing steam, including Solana (SOL), which has continued to trade green on its daily chart, and machine learning and artificial intelligence (AI) algorithms predict more advances.

Specifically, Solana might continue to grow its price during March, perhaps reaching the level at $149.18 by March 31, 2024, according to the most recent forecast by the advanced machine learning algorithm over at the crypto analytics platform PricePredictions retrieved on March 7.

Indeed, should the algorithm based on indicators such as moving average convergence divergence (MACD), average true range (ATR), Bollinger Bands (BB), relative strength index (RSI), and others prove correct, it would mean an increase of 6.98% for the fifth-largest crypto asset by market capitalization.

Solana price analysis

Currently, Solana is changing hands at the price of $139.46, suggesting an increase of 6.38% on the day, as well as gaining 8.80% in the last week and pushing upwards 48.59% on its monthly chart, according to the latest data obtained by Finbold on March 7.
At the same time, the sentiment on Solana’s 1-week technical analysis (TA) gauges is exceptionally bullish, suggesting a ‘strong buy,’ based on oscillators in the ‘buy’ zone at 2 and moving averages (MA) pointing at a ‘strong buy’ at 12, as per the recent TradingView data.

Bullish factors

It is also worth noting that Solana has recently broken out of an ascending triangle it has been making for over two months, “retested in uncomfortably deep and then turbo-bounced,” and it could take off “HARD from here,” as observed by crypto analyst CryptoJelleNL on March 6.

On top of that, Solana has also been recording impressive results in other areas, including achieving the best week ever in terms of volumes on Solana-based decentralized exchanges (DEXs), having reached $11.24 billion between February 25 and March 2, as Finbold reported.
#Write2Earn‬ #Writ2earn:

The team behind memecoin project Floki has unveiled the date to burn 2% of the token’s circulating supply following the governance approval from the DAO.

Taking to its official X account, the project said it plans to actualize the decision of the Floki DAO to take off a total of 190,918,585,431.84 FLOKI from circulation. Per the update, the burning event is slated for March 9, 2024, at 4 PM UTC.

Burning off a sizable chunk of a token’s supply is a deflationary measure that may help drive price growth, should it be accompanied by sustained demand in the long term.
Floki Ready to Ride the Bull Wave

As reported earlier by The Crypto Basic, Floki switched its focus last year when it launched the TokenFi platform.

Designed to help the project capture a share of the fast-growing tokenization sector, TokenFi has helped reposition Floki, adding it to the list of memecoins that have more to offer than hype.

With this added utility and the advances Floki has made in its staking venture, it has solidified the interest and demand for its native token, giving more credence to the 400% surge in the past month.

Hi
how are you. . . . .
let me explain some things which I will like to share. first of all I'm a trader and some time I use to share my mind and opinions here on square .
some time I share some predictions about some coin which only the result of my analysis, and they may work for short term like for daily position etc,
but remember these predictions are not the instruction for you to take a position these are only my analysis about some coins .
#Write2Earn‬