HAVE YOU NOTICED WHAT YOU CHASE DOESN'T BENEFIT YOU?
If you're looking for an explanation as to why most of the time your expectations on a trade seem to always fail, you're in the right place.
Here's why.
In the crypto market, the most volatile crypto tokens have the highest demand and are the most talked about due to its potential to provide high profits. This can be proven by just simply looking at tokens such as #RARE, #VIDT, #SUN, #BANANA, #POPCAT, #ALPACA and many more. However, how do we really identify the chase that would hurt our capitals?
Here's how.
In the initial surges of a particular token especially after its listing in Binance. The tendency is it will gain more than 10%-20% increase that will then be a ping to traders as a signal for possibly rally. As this particular token gets traded and talked about, more and more traders joins the fray, a struggle to get more profit. As more traders continue to hop in with the hype, the tendency for the token's price to increase will intensify as greater demands will be present.
This is where chasing the price doesn't benefit almost every trader.
First, the ones who would most likely benefit are those who entered at the bottom and once it reaches a surge of more than 10%-20%, they'd already gain a whooping amount of profit. Second, as the chance for higher prices continue, many would lose their funds in the process as the hype would lure many to enter at an inconsiderate price that is highly likely to rekt their capitals. Finally, once the hype surrounding the token being chased is over, it will eventually have its wings cutoff and after carefully reviewing, many would be trapped at the peak of the clipped wings of such token.
Stay wise, trade cautiously.
{future}(BTCUSDT)
{future}(VIDTUSDT)
{future}(SUNUSDT)
#BinanceSquareCreatorAward
#BecomeCreator
#GAINERSPACK
$VIDT $SUN $BANANA
Changpeng Zhao Transferred to New Facility, Still Incarcerated
On Thursday, speculation spread on social media that Changpeng Zhao, the co-founder and former CEO of Binance, had been released from prison early.
Contrary to these claims, Zhao has not been fully released but has been moved to a different facility.
Rather than a complete release, Zhao has been transferred to an administrative facility in the Greater Los Angeles area, just 38 days ahead of his scheduled release. The U.S. Federal Bureau of Prisons (BOP) has updated his status to show he is now under the jurisdiction of the Residential Reentry Management (RRM) Long Beach field office, which manages federal offenders in central and southern California.
Zhao’s legal issues originated from his guilty plea in November for violating the Bank Secrecy Act (BSA). He received a prison sentence in April that was shorter than what prosecutors sought, yet longer than those given to other cryptocurrency leaders for similar violations.
Previously, Zhao was serving his sentence at Lompoc II, a low-security federal prison in Santa Barbara County, California. This situation is quite different from that of Sam Bankman-Fried, the former CEO of FTX, who is serving a 25-year term at New York’s Metropolitan Detention Center (MDC).
In November, Zhao resigned from Binance and admitted to a felony charge as part of a settlement with U.S. regulators, which also included a $4.3 billion fine for Binance and a ban on him holding executive roles in cryptocurrency companies in the future.
Despite online rumors, there is no verified information suggesting Zhao has been released following his transfer. The BOP website still lists his release date as September 29.
#MtGoxRepayments #BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021
Good morning dear friends, I hope you will have a nice market. Good moves continue in the #crypto market. We say that the increase in 60K support will continue gradually towards the summit prices. If we see the pricing again below 60K, we follow 55K as an important support. Grade collection operations can be evaluated in pricing approaching 55 thousand support levels. #Altcoins are ready to move a little, some move a little slower, some move faster and upward momentum continues. I wish a beautiful and snowy day. Thanks for your gifts and donations.
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@Captain_Jack_Cem
I hope you have found this research useful.
Leave a comment and share to avoid losing.
If you have questions, you can add it to the tweet.
#Binanceblockchainweek #binance #bitcoin #usdt #eth
Everyone doesn’t care about security… until it's too late 🤷♂️
On Starknet, numerous security measures are in place to protect our users.
✅ Limited Approval: Authorizes dApps to use only what the user needs to execute a transaction, not a penny more. If you see unlimited approvals on Starknet, don’t hesitate to contact a StarkWare team member or the Foundation
✅ 2FA and 3FA Features: Offered by Starknet native wallets Argent and Braavos, with Ledger integration available.
✅ Daily Spending Limit: A feature offered by Braavos.
✅ Real Time Fraud detection: the ability of Starknet native wallets to identify suspicious behaviors or patterns that may indicate fraudulent activity (even with this, it's important to be careful about your on-chain activities)
✅Social Recovery by Argent: allows you to regain access to your wallet without the need for a seed phrase: meaning you won’t be rekt anymore in case you lost your seed phrase.
And not to mention that Validity Rollups (what Starknet is) are objectively more secure than Optimistic Rollups… Mathematics > Incentives! 🧑🔬
Want more about security?
Basecamp X kicked off in full force with over 180 participants across the globe attending the first two sessions. 🧠🚀
So far we've covered:
- The Fundamentals. The importance of Cairo, Starknet, and smart wallets.
- The architecture of Starknet, transaction types and fifecycle, proof recursion, and more.
Coming up next:
The next three sessions focus on hands-on experience in Starknet smart contracts and frontend.
It’s not too late to join Basecamp X. Sign up here 👇
**Toncoin Sees Surge in Trading Activity After Telegram CEO's Arrest**
Toncoin (TON), the native cryptocurrency of The Open Network, experienced a significant spike in trading activity following the arrest of Telegram CEO Pavel Durov. Durov was detained at Bourget airport near Paris on August 24, facing serious charges including terrorism and money laundering.
- **Market Reaction**: Following the news, Toncoin's Open Interest (OI) surged by 32% to $303.09 million, indicating heightened trader activity.
- **Price Drop**: TON's price plummeted 14.71% to $5.71, as per CoinMarketCap.
- **Trader Sentiment**: Many traders are betting on further price declines, with a notable increase in short positions.
Crypto analysts suggest caution, noting potential volatility ahead, especially if Durov is released.
What's Next For TON?
TON dropped ~20% after the news that Telegram founder Pavel Durov was arrested in Paris. The arrest followed investigations that focused on a lack of moderators on Telegram.
According to French media, Durov faces a possible indictment on Sunday. Overall, the case is quite complex since Durov also holds Russian citizenship.
Let's take a look at the chart!
Once the news came out, TON started a free fall. Shorts/hedges undoubtedly contributed most of the decline.
However, the sharp decline was stopped by the long-term uptrend line similar to the drop in May and the beginning of August.
Depending on the details of today's indictment, we might see another move to the downside. However, the level between 4.6 and 4.8 should serve as solid support.
Although it is always risky to catch a falling knife, the market seems to be overreacting, and we should see a reversal soon. With
BNB
, any Binance FUD was usually a buy and saw the same price action and shorts going in. These things do tend to take some time to play out so don't expect a full retrace the same day
#MtGoxRepayments #TelegramCEO #BinanceLaunchpoolDOGS #PowellAtJacksonHole #BinanceBlockchainWeek
$SOL /USDT PULLBACK: WILL SUPPORT HOLD OR WILL BEARS TAKE OVER?
[Click here to vote](https://app.binance.com/uni-qr/cpro/Samina_khan?l=en&r=252877207&uc=app_square_share_link&us=copylink)
SOL/USDT recently surged to 162.30 USDT but is now pulling back around 156.85 USDT. The price is below the 7-period moving average, indicating short-term bearish momentum. If it falls below 154.00 USDT, further declines could follow. However, if it rebounds above 158.26 USDT, the uptrend could resume, targeting a retest of 162.30 USDT. Watch these key levels and volume changes for the next move
#solonapumping #BinanceLaunchpoolDOGS #PowellAtJacksonHole #TelegramCEO
Shiba Inu Forecasted To Surge 60%: Here’s When Shiba Inu: A 60% Surge Is Possible, Explains Analyst #shiba⚡
Shiba Inu trades around the $0.000014 level, with little to no price spurts in the charts. This development is testing investors’ patience, as
SHIB is on the brink of adding an extra zero. The overall markets are also moving at a snail’s pace and have yet to kickstart a bull run.
Even Bitcoin is finding it hard to climb above the $62,000 mark despite receiving millions of inflow from institutional investors through ETF investments.
However, a leading analyst took to TradingView and predicted that Shiba Inu’s price could surge 60%. That’s a bold prediction, considering the last SHIB’s price skyrocketed in March 2024.
It’s already been five months since the dog-themed token has experienced a burst in price. Let’s decode what the analyst predicts and why he believes SHIB will rise 60% despite currently being on the back foot
How is a 60% Surge Possible?
The cryptocurrency analyst on TradingView predicted that Shiba Inu’s price is consolidating and could catapult soon. He explained that SHIB is holding on to its resistance level of $0.00001 and has not fallen below the $0.00009 mark for a month.
This has cemented its prospects in the charts, which could lead to an upward bounce. Strong buying was witnessed at this price, which made SHIB hold on to its resistance level.
Key Factors for The Coin’s Potential Surge
According to the daily chart structure, breaking through the upper trendline of the wedge is the key to a sustained upward direction movement,” read the prediction. The analyst also forecasted that if SHIB reached $0.000022, chances remain high, but it could also reach another high of $0.000029.
A successful breakout could signal a significant price advancement, with bulls eyeing the level at $0.000022 or even at $0.000029 if the momentum continues,” read the forecast.
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{spot}(DOGEUSDT)
{spot}(PEPEUSDT)
{spot}(SHIBUSDT)
Solana’s Price Surge 🚀
Solana’s price has risen by 10% to reach $161.
This surge follows Jerome Powell’s hint of possible federal interest rate cuts in the coming months.
Crypto traders are excited about the potential rate cuts.
Jerome Powell’s Speech 🎙️
At the Jackson Hole Economic Symposium, Federal Reserve Chair Jerome Powell discussed the need for policy adjustments and addressed dwindling inflation.
While he didn’t provide specific details, Powell hinted at potential rate cuts. The timing and pace of these cuts will depend on forthcoming data and the evolving outlook.
Market Reaction 📈
Powell’s speech alone was enough to boost significant crypto markets, including Solana.
Within a few hours, Solana’s price surged from $150 to $161, representing a 10% increase in the last 24 hours.
Open Interest and Funding Rates 💹
Solana’s open interest (a measure of market participation) rose from $2.09 billion to $2.19 billion on August 24.
Funding rates (calculated every eight hours) increased from 0.0028% to 0.0054%.
Tracy Chen’s Insight 💡
Portfolio manager Tracy Chen sees this as a relief rally, confirming that Powell is on track to cut rates despite data dependency.
Symmetrical Triangle Pattern 📊
Solana’s surge is part of a larger recovery within a symmetrical triangle pattern.
This pattern suggests continuation, with Solana aiming for the upper trendline around $175.
Remember, market dynamics can be fascinating! 😊📈🌟
$SOL
{spot}(SOLUSDT)
#Write2Earn! #Solana_Blockchain #SOLUSDT!
2024 holds promise for Ethereum (ETH) and Dogecoin (DOGE) investors, with several factors potentially driving significant growth. Here's why:
1. Ethereum's Transition and Upgrades:
- The ongoing upgrades, including the transition to Ethereum 2.0, aim to improve scalability, security, and energy efficiency. These improvements could attract more developers and users to the platform, boosting ETH's value.
- Increased adoption by institutional investors and the rise of decentralized finance (DeFi) and NFTs on Ethereum could further drive demand for ETH.
2. Dogecoin’s Community and Market Dynamics:
- Dogecoin continues to benefit from strong community support and the influence of figures like Elon Musk. Any endorsement or integration with major platforms could cause price surges.
- If Dogecoin finds more utility in real-world transactions or partnerships, its value could rise significantly.
3. Broader Market Trends:
- If the crypto market enters another bullish cycle, both Ethereum and Dogecoin could see substantial price increases, driven by investor sentiment and FOMO (fear of missing out).
- As global regulations around cryptocurrencies become clearer, both assets could benefit from increased legitimacy and adoption.
While the future is never certain, the developments surrounding Ethereum and Dogecoin suggest that 2024 could indeed be a breakout year for investors. However, as always, potential investors should stay informed and consider the inherent risks in the volatile cryptocurrency market.
📊 Bitcoin Climbs to $64K Amid Strong Market Support and Positive Technical Indicators
#BTC continues its upward trajectory, breaking the $64,000 mark with a price of $64,321.86, representing a 5.33% increase within the last 24 hours. This onwards momentum comes after the coin experienced a rise in trade, which ended up pushing its market capitalisation to $1.27 trillion. This has secured Bitcoin as the leading cryptocurrency globally by market capitalisation.
Furthermore, the 24-hour trading volume has also followed the track of the coin’s increase by 67.08%, resulting in its price tag of 43.95. This has, in turn, indicated the robust trading activity witnessed in the market.
The coin’s strong market engagement has also contributed to its high circulating supply, which is currently at 19,744,443 BTC, or 94.02% of the total maximum supply capped at 21 million BTC. Moving to the price charts, a steady climb from $61,040 eventually passed $65,000 before it went on to stabilise around the $64,000 range. This sustained growth suggests strong buying pressure and market confidence in Bitcoin’s continued performance.
🔸#Bitcoin Price Action
The token has shown resilience in the face of high market volatility, leading to its current price of $64,198 with a modest 0.18% daily increase.
Moving on with the coin’s price action, the chart pattern showcases an extended XABCD structure, which overall suggests that Bitcoin may be poised for another upward move. After reaching the peak of point A earlier this year, Bitcoin retraced to point D, indicating the potential completion of the pattern.
Notably, the Fibonacci levels highlight key areas of resistance and support. The 23.60% retracement at approximately $67,188 and the 38.20% level around $65,208 are crucial zones where Bitcoin might face major selling pressure. If these levels are breached , the next target could be the 50.80% retracement level at $61,808, aligning with the current upward momentum.
{spot}(BTCUSDT)
$DOT Coin Analysis:
$DOT is experiencing a minor correction, slipping -1% in the last 24 hours to $4.82. Despite this slight downturn, DOT's historical performance remains relatively neutral, with 50.03% of days closing above the opening price.DOT is currently trading at a deeply discounted price from its all-time high of $53.31, reached 2 years and 9 months ago, with a staggering 90.96% pullback from its peak.
This significant correction may present a buying opportunity for long-term investors and contrarian traders looking to capitalize on a potential rebound.Traders should keep a close eye on DOT's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $6.00 level could indicate a potential reversal, and a retest of the $10.00 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the DOT wave and potentially profit from a significant rebound.
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC
The detention of Pavel Durov is yet another confirmation of how governments manipulate the situation to achieve their goals.
A French TV channel reported that the claims against Durov are related to Telegram. The main accusations include "lack of moderation and cooperation with law enforcement agencies," and that the messenger's tools "facilitate drug trafficking, pedophilia and fraud."
In other words, the most absurd and standard set of accusations are attributed to it. The government's goals are clear, but hardly achievable.
Panickers are dumping TON cryptocurrency, media use scandalous news to attract attention. Will Durov's arrest affect the development of Telegram or TON? Of course it will, but it will not destroy or break either of these systems.
Is it realistic to be arrested and imprisoned for long periods of time? I doubt it.
#FREEDUROV #DUROV #Telegram #PavelDurov #pavelarrested
‼️The recent market dip was nothing but a strategic play! While many retail investors panicked and offloaded their crypto, savvy institutions saw an opportunity and scooped up a staggering $14 billion worth of assets. This scenario perfectly illustrates how the wealthy capitalize on market fear, widening the gap between the rich and everyone else.
Retail investors offloaded $1 billion in crypto, which is a significant 2.5 standard deviations below the 12-month average. In contrast, institutions went on a buying spree, snapping up $14 billion worth of crypto, 2.9 standard deviations above the average. The message is clear: the big players are buying the dip, and so should you!
It's crucial to hold steady during market downturns. Panic selling only locks in losses, while a long-term perspective can lead to greater rewards. The market is already showing signs of recovery, with green shoots emerging. Now is the time to stay calm, hold your assets, and avoid making hasty decisions.
Did you find yourself panic-selling? Take this as a learning opportunity. Staying informed and maintaining a long-term view can help you make smarter investment choices in the future.#Trap #tipneeded #TelegramCEO #CryptoMarketMoves #SahmRule
$SUI Coin Market Analysis:
$SUI is experiencing a moderate pullback, down -3% in the last 24 hours to $0.9794. Despite this decline, SUI's historical performance remains relatively neutral, with 46.99% of days closing above the opening price.SUI is currently trading at a significant discount from its recent peak of $2.05, reached just 4 months ago, with a notable 52.16% pullback from its high.
This substantial correction may present a buying opportunity for traders looking to capitalize on a potential rebound.Traders should closely monitor SUI's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $1.2000 level could indicate a potential reversal, and a retest of the $1.5000 level is not out of the question.
This could be a lucrative opportunity for traders looking to ride the SUI wave and potentially profit from a significant rebound.
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC .
Top Cryptocurrencies with Promising Growth Potential
While 1000x returns are unlikely, these coins have strong fundamentals and expanding ecosystems, positioning them for steady and impactful growth:
1. Solana ($SOL) - Fast and scalable, building a robust DeFi ecosystem.
2. Polkadot (DOT) - Interoperability protocol connecting various blockchains.
3. Cosmos (ATOM) - Scalable and modular platform expanding its ecosystem.
4. Chainlink ($LINK) - Leading decentralized oracle network connecting smart contracts with real-world data.
5. Cardano (ADA) - Robust and scalable, with active development in DeFi and NFT sectors.
6. Polygon ($MATIC) - Layer-2 scaling solution for Ethereum, gaining industry adoption.
7. Avalanche (AVAX) - Fast and decentralized, expanding its ecosystem.
8. The Graph (GRT) - Decentralized data indexing and querying, crucial for blockchain applications.
9. NEAR Protocol (NEAR) - Scalable solutions with an innovative approach to blockchain technology.
These cryptocurrencies are well-positioned for growth due to their strong fundamentals and expanding ecosystems.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #BinanceBlockchainWeek
$1000SATS Coin Update:
$1000SATS is consolidating, with a minimal decline of -0.03% in the last 24 hours to $0.000397. Despite this slight pullback, 1000SATS' historical performance remains relatively neutral, with 45.88% of days closing above the opening price.Although 1000SATS is currently trading at a significant discount from its peak of $0.000817, reached 7 months ago, the 51.38% pullback from its high presents a potential buying opportunity for traders looking to capitalize on a rebound.
The current price stability could be a sign of accumulation before a potential breakout.Traders should keep a close eye on 1000SATS' next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $0.000500 level could indicate a potential reversal, and a retest of the $0.000700 level is not out of the question.
#PowellAtJacksonHole #CryptoMarketMoves #shabana #Write2Earn! $BTC
Notcoin (NOT) Prediction for August 24
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Notcoin (NOT) has gained a lot of value today, rocketing by 9.35%.
On the hourly chart, the rate of NOT is in the middle of the local channel. As almost all daily ATR has been passed, any ups or downs are unlikely to happen shortly.
On the daily time frame, one should pay attention to the bar closure.
If it happens near its peak, the upward move may continue to the resistance level of $0.01273 the upcoming week.
On the bigger chart, neither buyers nor sellers are dominating. The volume has declined, which means ongoing consolidation in the range of $0.011-$0.012 is the more likely scenario until the end of the month.
#Not #Notcoin #Toncoin #Altcoins #CryptoNews $NOT
{spot}(NOTUSDT)
$TON
{future}(TONUSDT)
$BTC
{future}(BTCUSDT)
$ADA Coin Analysis:
$ADA is experiencing a minor setback, slipping -1% in the last 24 hours to $0.3840. Despite this slight dip, ADA's historical performance remains relatively neutral, with 49.78% of days closing above the opening price.Although ADA is still trading at a significant discount from its all-time high of $2.98, reached 2 years and 11 months ago, the current price represents a potential buying opportunity for long-term investors.
The 87.10% pullback from its high could be an attractive entry point for traders looking to capitalize on ADA's potential rebound.With ADA's relatively stable price action and oversold conditions, traders may see this as a chance to accumulate before a potential breakout. Keep a close eye on ADA's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $0.5000 level could indicate a potential reversal, and a retest of the $1.0000 level is not out of the question.
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC
THOSE WHO BUY $PEPE NOW WILL HAVE A MUCH BETTER RETURN THAN SOMETHING LIKE $ETHEREUM IN THE NEXT 30 DAY.
This is why I said so👇👇
$PEPE, also known as PepeCoin, is a cryptocurrency that has gained popularity due to its association with the Pepe the Frog meme. While it's difficult to predict with certainty, here are some potential ways $PEPE could make someone rich in the next 30 days.
1. *Increased adoption*: If $PEPE gains widespread acceptance and usage, its value could rise significantly.
2. *Community growth*: A strong and active community can drive up demand and price.
3. *Partnerships and collaborations*: Strategic partnerships could increase $PEPE's utility and value.
4. *Limited supply*: $PEPE has a limited supply, which could lead to increased demand and value over time.
5. *Meme-driven hype*: As a meme coin, $PEPE's value can be influenced by social media and community sentiment.
6. *Listing on major exchanges*: Getting listed on prominent exchanges can increase visibility and liquidity.
7. *Use cases and utilities*: Development of real-world use cases and utilities can boost $PEPE's value.
8. *Staking and yield farming*: Opportunities for staking and yield farming can attract investors and increase demand.
9. *Market trends*: Riding the wave of a bullish market trend can also contribute to wealth.
However, it's essential to remember that:
- Cryptocurrency investments are risky and volatile.
- Market fluctuations can result in losses.
- $PEPE's value can be influenced by factors beyond its fundamentals.
Investing in $PEPE or any cryptocurrency should be done with caution, thorough research, and a clear understanding of the risks involved.
PS :If you find this content helpful and educative , follow @Cryptobeans and make more money the Crypto market
What's Good Bitcoin?
Sunday starts with bearish news, low volume, and pretty strong Bitcoin (and overall market).
After the massive bullish days, we saw some negative news stopping the current upward trend on Saturday:
• Telegram founder Durov was arrested in Paris, France.
• Hezbollah launched an attack on Israel after a top commander's killing
The latter was expected to have a stronger impact on the crypto market. However, Bitcoin reacted pretty stable, still trades above 64k, and is down only 0.2%.
The rest of the market dipped slightly stronger but is doing okay, given the latest run. Moreover, Bitcoin's and the overall market volume are very low so far today.
I don't expect bigger moves today. However, I will give you an update in the evening.
$BTC
$NOT Coin Alert:
$NOT is experiencing a sharp correction, plummeting -17% in the last 24 hours to $0.00946. This significant downturn is a concern, as NOT's historical performance has been relatively bearish, with only 39.80% of days closing above the opening price.The current price is a far cry from its recent peak of $0.0238, reached just 2 months ago, with a staggering 60.23% pullback from its high.
This drastic decline may indicate a potential buying opportunity for contrarian traders, but caution is advised.Traders should keep a close eye on NOT's next moves, as it attempts to stabilize and potentially rebound. A break above the $0.0120 level could indicate a potential reversal, but a retest of the $0.0060 level is also possible. This high-risk, high-reward scenario requires careful consideration and risk management.
#CryptoMarketMoves #PowellAtJacksonHole #Write2Earn! #shabana $BTC
Token $RENDER Analyse
$RENDER performed very well today, so far it gain 11.69% growth.
Why does it perform so well? Come with me to see its potential and near-term direction.
In the first picture, we see that the futures price has been moving within the trend line, and it sprinted three times during May this year, all of which were successful. Now that the price of the currency is in front of the trend line, time is of the essence. It depends on whether this token can really break through the obstacles, and multiple trials are not ruled out.
If it can successfully break through the block, it has great potential. The increase may be 30% to 60% or even higher in about 2 to 3 months .
In the second chart, we zoom in to take a closer look at the activity near the resistance line, where buying and selling pressure is now forming a downward sloping flag shape. Then it has great potential to break through the blocking line, and we hope its backtest is successful. The results may be seen in about 6 to 12 hours.
I'm looking forward to its performance.
Finally, let’s understand the general direction of the companies behind the following tokens.
"The Render Network is the first decentralized GPU rendering platform, empowering artists to scale GPU rendering work on-demand to high performance GPU Nodes around the world. Through a blockchain marketplace for idle GPU compute, the network provides artists the ability to scale next generation rendering work at fractions of the cost and at orders of magnitude increases in speed when compared to the centralized GPU cloud."
So it is technology category token. let's see how it performs.
{future}(RENDERUSDT)
#RenderNetwork #rendertoken #CryptoMarketMoves #Write2Earn! #BinanceBlockchainWeek
Uncovering the Reasons Behind Losing Trades
Have you ever wondered why most of your trades result in losses? Let's dive into a scenario to understand the dynamics:
- 560 million crypto traders (approximate)
- 20% of traders trading the same coin simultaneously (112 million)
- Total capital traded: $1.12 billion (assuming $10 per trader)
Here's the crucial part:
- 80% of traders lose ($896 million)
- 20% of traders win ($224 million)
Now, consider traders investing more substantial amounts, like $100, $1,000, or $10,000. The likelihood of being part of the winning 20% diminishes.
To minimize losses and maximize gains, it's essential to:
- Understand market dynamics
- Set realistic expectations
- Trade cautiously
- Continuously learn and adapt
Remember, wisdom and caution are key to navigating the complex world of trading.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #BinanceBlockchainWeek $BTC
{spot}(BTCUSDT)
$LQTY