Top 9 Coins with Promising Growth Potential
These cryptocurrencies boast strong fundamentals and expanding ecosystems, positioning them for steady and impactful growth:
1. @Solana_Official ($SOL )*: Rapidly building a strong DeFi ecosystem with speed and scalability.
2. @PolkadotNetwork (DOT)*: Interoperability protocol connecting various blockchains.
3. @cosmos (ATOM)*: Scalable and modular platform expanding its ecosystem.
4. @chainlink_official ($LINK )*: Leading decentralized oracle network connecting smart contracts with real-world data.
5. @Cardano_CF (ADA)*: Robust and scalable, with active DeFi and NFT development.
6. @0xPolygon ($MATIC )*: Growing adoption as a layer-2 scaling solution for Ethereum.
7. @Avalanche_CN (AVAX)*: Speedy and decentralized, expanding its ecosystem.
8. @graphprotocol (GRT)*: Decentralized data indexing and querying, crucial for blockchain applications.
9. @NEAR_Protocol (NEAR)*: Scalable solutions with an innovative approach to blockchain technology.
While not guaranteeing astronomical returns, these coins are well-positioned for steady growth. #CryptoGrowth #BinanceLaunchpoolDOGS #BinanceBlockchainWeek #BlockchainEcosystems
2024/8/23 - Chung Daily Note 🧢
Happy Friday!
💡@wasabi_protocol CultureFi, is the financialization of memes, commonly shared ideas, demand - @0xEren
Some highlights from today's note
🔸Fed's Powell remarks from Jackson Hole (The Time Has Come for Policy to Adjust / My Confidence Has Grown That Inflation Is on Path to 2% / ..) - @martypartymusic
🔸Binance founder Zhao Changpeng is expected to be released on September 29 - @WuBlockchain
🔸Wrapped BTC Market Overview - @DWFVentures
Read More Below 👇
---
📰 News
• Fed's Powell remarks from Jackson Hole (The Time Has Come for Policy to Adjust / My Confidence Has Grown That Inflation Is on Path to 2% / ..) - @martypartymusic
• Binance founder Zhao Changpeng is expected to be released on September 29 - @WuBlockchain
• Russia to launch two crypto exchanges and stablecoins linked to the Yuan and BRICS currency, Kommersant reports - @WatcherGuru
---
📖 Good Reads
• LATEST ALPHA - August 23rd, 2024 - @CryptoShiro_
• Wrapped BTC Market Overview - @DWFVentures
• Proof of Work: How We Show Up for Founders - @FranklinBi
---
🎉 New Protocols
• @soneium
• @variance_poker
• @SynopticCom
---
💰 Crypto Fundraising
• @satlayer (DeFi) - 8m Pre-Seed led by @Hack_VC @CastleIslandVC
• @vooi_io (DeFi) / @Aggregata_xyz (Blockchain Service) / @Sidekick_Labs (GameFi) / @opinionlabsxyz (Social) - $TBD investment from @BinanceLabs
• @ArchLending (DeFi) - 5m Seed led by Morgan Creek Digital @CastleIslandVC
• @g8_keep (Blockchain Service) - 1.25m Pre-Seed
---
💵 Airdrops
• @use_corn app and retro airdrop is live! - @0xFastLife
---
💡 Videos & Podcasts
• @BanklessHQ - Weekly Rollups: Can TRON Really Be The Biggest Winner This Cycle?!
• @Unchained_pod - Ethereum's Wealth Gap: Crisis or Opportunity? - The Chopping Block
Tagging the people you should follow!
@ciaobelindazhou
@Ivantok4
@mrblocktw
@toffee248
@nihaovand
@twindoges
@Stoiiic
@arndxt_xo
@CurveCap
@__eNDMan__
@Hercules_Defi
@Only1temmy
@kenodnb
@KryptoWink
@belizardd
@0xelonmoney
@eli5_defi
@arbusai
#charleshoskinson Shows His Concerns Over Kamala’s Pro-Crypto Stance
A heated debate is unfolding on social media regarding the future of cryptocurrency in the United States. Recently, Charles Hoskinson, co-founder of Cardano, made sharp comments on his official X account about Kamala Harris, the U.S. presidential candidate.
Charles Hoskinson Challenges Kamala Harris’s Pro-Crypto Stance
- Paul Matencio recently praised Kamala Harris for her pro-crypto stance, expressing more trust in her approach compared to former President #DonaldTump . Matencio believes that under Harris's presidency, the crypto industry will thrive.
- In response, Charles Hoskinson criticized Matencio's optimism. He pointed out Harris’s past antagonistic actions towards the crypto market over the past three years, including her promotion of anti-crypto policies and her efforts to hinder crypto legislation with misinformation. Hoskinson argued that Harris's current pro-crypto claims appear to be a tactic to garner votes from the crypto community, contrasting with her previous negative stance toward the industry.
Crypto’s Role in the U.S. Presidential Campaigns
- As the crypto industry continues to grow, it has become a significant topic in U.S. presidential campaigns. Candidates, including Trump and Harris, are positioning themselves as crypto supporters, leading to divided opinions within the community.
- While some in the crypto space back Harris's current pro-crypto rhetoric, others, including Hoskinson, remain skeptical due to her past regulatory actions against the sector. The crypto community’s sentiments are increasingly visible on social media, with many expressing their concerns and predictions about the industry’s future in light of the upcoming election.
Source - blockchainreporter.net
#CryptoNewsCommunity #BinanceSquareTalks
Jerome Powell's Speech: Key Takeaways (Positive for Crypto)
- *Economic Recovery*: COVID-19 distortions are fading, inflation has decreased, and labor market conditions have cooled.
- *Current Economic Status*:
- Inflation: 2.5% (closer to 2% target)
- Unemployment: 4.3% (less tight than pre-pandemic)
- *Monetary Policy Outlook*:
- Focus: Reduce inflation while avoiding sharp unemployment rises
- Future adjustments: Depend on ongoing data and evolving economic conditions
- *Labor Market Trends*:
- Slowed job growth
- Moderated vacancies and wage gains
- Unemployment rise due to increased worker supply, not layoffs
- *Future Policy Considerations*:
- Adjust policies based on inflation and labor market trends
- Room for policy rate cuts to support economy while aiming for stable inflation
- *Ongoing Review*:
- Review monetary policy framework later this year
- Consider lessons from pandemic and potential new ideas
Overall, the speech suggests a positive outlook for crypto, with potential policy rate cuts and a focus on stable inflation. #JeromePowell #FederalReserve #CryptoOutlook #BinanceLaunchpoolDOGS #BinanceBlockchainWeek
**Quantum Computing: The Next Big Thing in Bitcoin Mining?**
The race in Bitcoin mining hardware might soon enter a new era with the rise of quantum computing. While today's quantum computers are mostly experimental, rapid advancements in quantum chip technology and AI functions are pushing the field forward faster than expected.
**Key Points:**
- **Quantum Threats:** One major concern is quantum computers potentially cracking standard encryption, leading to new cryptographic protocols.
- **Mining Evolution:** Bitcoin mining, based on solving cryptographic puzzles, could be revolutionized by quantum systems using Grover’s algorithm.
- **Future Prospects:** Though a universal quantum computer is still decades away, hybrid quantum-classical rigs could significantly boost mining efficiency.
- **Challenges:** Quantum computers need more maturity, but cloud-based quantum services could offer interim solutions.
Stay tuned as the quantum era approaches, potentially reshaping the Bitcoin mining landscape.
The Most Straightforward Trading Strategy
Trading doesn’t need to be as complex as it’s often made out to be. Simplicity in analysis and execution can be surprisingly effective. Instead of relying on numerous indicators or complex trading algorithms, substantial profits can be achieved through straightforward strategies.
A strategy that consistently delivers results for both novice and experienced traders focuses on understanding and utilizing price action around horizontal levels: support and resistance.
Understanding Horizontal LevelsOne of the most effective and simple strategies in trading involves identifying and mastering support and resistance levels. These horizontal levels are critical as they frequently present prime trading opportunities.
Support levels represent a price point where downward momentum halts and the price begins to rise, while resistance levels indicate where upward momentum stalls. When the price interacts with these levels, it often signals a potential entry or exit point for trades, making them vital for a successful trading strategy.
Horizontal Support LevelThe horizontal support level is crucial as it marks the lowest price point that a security struggles to drop below during a significant downtrend. Observing price action closely allows traders to identify these levels where the price fails to dip further and eventually reverses upward. These levels are magnets for buyers, providing ideal entry points for long positions.
The chart above, for example, shows gold's price action. After a decline, the price reversed upward, but when sellers attempted to push it down again, they met strong resistance at the 117 level. This price action solidified the 117 level as a crucial support area, illustrating the importance of understanding and leveraging horizontal levels in trading.
#Write2Earn! #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #BlackRockETHOptions
Powell Confirms Rate Cuts Are Coming: Market Questions the Extent
1. Confirmation of Rate Cuts: Jerome Powell has officially confirmed that interest rate cuts are expected, with the Federal Reserve likely to announce them at the September meeting.
2. Rationale for Rate Cuts: Powell indicated that the decision to cut rates is driven by a decreased risk of accelerating inflation. He expressed confidence that the Consumer Price Index (CPI) is moving toward the Fed's 2% target.
3. Current Inflation Context: Despite Powell’s optimism, the latest CPI reading stands at 2.9%, which is still significantly above the Fed's target. This indicates persistent inflationary pressures.
4. Budget Deficit Concerns: The ongoing $1.8 trillion annual budget deficit contributes to a highly inflationary environment, complicating the inflation outlook.
5. Market Implications: As the Fed prepares for rate cuts in an inflationary context, assets with limited supply, such as Bitcoin, are expected to perform well. Conversely, those holding wealth in dollars may experience a decline in purchasing power.
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[Click @QAMD and VOTE me for my motivation.](https://app.binance.com/uni-qr/cpro/QAMD?l=en&r=60984690&uc=app_square_share_link&us=copylink)
Follow for updates, trends, analysis and predictions. Like and Share. Thank you.
Buy and enjoy. dyor.
$INJ
{spot}(INJUSDT)
$TIA
{spot}(TIAUSDT)
$WOO
{spot}(WOOUSDT)
#PowellAtJacksonHole #BinanceLaunchpoolDOGS #Write2Earn! #CryptoMarketMoves
#Filecoin (FIL)
With a market cap of $2.32 billion, the Filecoin price has increased by 12.34% in the last seven days. In the last 24 hours, the FIL token has increased by 4.74% and has a 24-hour trading volume of $100 million.
Filecoin-price-analysis-23-aug-2024-1024x486.png
Currently, it is trading at $4.00 and reveals a bullish cycle in motion. In the daily chart, the FIL token showcases a series of 5 consecutive bullish candles, resulting in a potential trendline breakout.
With this trendline breakout, Filecoin will suspend the long-coming downtrend over the past five months. Currently, the Altcoin is challenging the 50-day exponential moving average as it slightly exceeds the overhead resistance trendline.
A bullish sustenance above the 50-day EMA will increase the likelihood of a breakout rally. Based on the Fibonacci levels, an extension above the 23.60% level at $4.36 will increase the chances of Filecoin hitting the 61.80% level at $7.00. Hence, the upside potential in Filecoin is shortly at 78%.
#BinanceBlockchainWeek
Solana Price Movement: Can SOL Hold Above Critical Support Levels?
The #Solana price has been displaying intriguing movements on the 4-hour chart, with price action recently closing at $143.65. The chart reveals a mix of bullish and bearish signals, making it essential to carefully analyze key levels and technical indicators for a clearer trading strategy.
$SOL is currently hovering around a critical zone, with immediate resistance seen at $144.17. A move above this level could open the door to a test of the $144.53 resistance, which has previously acted as a ceiling for price action. Beyond that, $145.95 emerges as a more formidable resistance, where traders may consider taking profits if a bullish breakout occurs.
On the downside, the Solana price finds support around $143.16. Should this level fail to hold, the next significant support is at $142.30, followed by $142.16. These levels could serve as potential entry points for traders looking to go long, anticipating a bounce back toward the resistance levels.
The 9 EMA is slightly above the 20 EMA, which typically signals short-term bullish momentum. However, the narrow gap between these moving averages suggests that the momentum is not particularly strong, indicating potential consolidation or a slight pullback before any decisive move.
Meanwhile, the MACD indicator is slightly in the positive territory, with the histogram indicating a waning bullish momentum. This could imply that while there is a slight bullish bias, the strength of the move is diminishing, which might lead to a short-term correction or sideways movement.
The RSI, hovering around the 50-55 range, suggests that the asset is neither overbought nor oversold. This neutral stance aligns with the mixed signals from the EMAs and MACD, reinforcing the idea of potential consolidation before a more definitive trend direction emerges. #SOL #altcoins #TrendingInvestments The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(SOLUSDT)
**Strategies to Minimize Liquidation Risks in Margin Trading**
#BinaceSquareCreatorAward
Margin trading can be highly profitable, but it also comes with significant risks, particularly the risk of liquidation. When trading on margin, traders borrow funds to increase their buying power, but this also exposes them to greater losses. Here are some strategies to minimize liquidation risks:
1. **Use Stop-Loss Orders**: A stop-loss order automatically sells your position when the price reaches a predetermined level, limiting your losses. This helps prevent a small loss from escalating into a liquidation.
2. **Maintain Adequate Margin**: Always keep a healthy margin ratio by maintaining a buffer above the required margin. This reduces the likelihood of liquidation in case of sudden market volatility. Regularly monitor your margin level and deposit additional funds if necessary.
3. **Leverage Cautiously**: Using high leverage can amplify gains but also increases the risk of liquidation. It’s advisable to use lower leverage, especially if you are new to margin trading. Lower leverage gives you more room to maneuver in volatile markets.
4. **Diversify Your Positions**: Don’t put all your funds into a single trade. Diversifying your positions across different assets can reduce the overall risk. If one trade moves against you, others might perform well, balancing the risk.
5. **Stay Informed**: Market conditions can change rapidly. Stay informed about market trends, economic news, and other factors that could impact your positions. Being proactive allows you to adjust your strategy before conditions worsen.
6. **Set Realistic Targets**: Don’t chase unrealistic profits. Set modest, achievable profit targets and stick to them. Exiting trades when your target is reached can help protect your gains and minimize exposure.
By implementing these strategies, traders can better manage the risks associated with margin trading and avoid the costly consequences of liquidation.#squarecreator #StopLoss: #StopLossStrategies
📊 3 Altcoins Leading the Charge in the NFT Space; Flow, Theta, Binance Smart Chain
Flow enables high-speed, secure transactions, supporting major NFT platforms like NBA Top Shot.Theta combines blockchain with video streaming, revolutionizing digital content distribution via NFTs.Binance Smart Chain offers low-cost, fast processing, attracting NFT creators and broadening their audience.
🔸 Flow (#FLOW ): The Backbone of Major NFT Platforms
Flow (FLOW), developed by Dapper Labs, is a blockchain designed specifically for NFTs and decentralized applications (dApps). It’s the technology behind NBA Top Shot, one of the most popular NFT platforms.
Flow’s architecture allows for high-speed transactions, making it ideal for the fast-paced world of NFTs. By separating the network’s roles, Flow can handle a large number of transactions without compromising security.
This makes it a go-to for NFT developers looking to scale their projects efficiently.
🔸 Theta (#THETA ): Pioneering Decentralized Streaming and NFTs
Theta (THETA) has made waves by combining blockchain technology with video streaming. It allows users to earn rewards for sharing their bandwidth and is now a leader in the decentralized video sector.
Theta’s blockchain supports NFT minting, trading, and even the creation of digital collectibles. By integrating NFTs with video streaming, Theta is enabling content creators to reach their audiences in new and innovative ways.
🔸 Binance Smart Chain (#BSC ): The Cost-Effective Hub for NFTs
Binance Smart Chain (BSC) has quickly become a favorite among NFT creators, thanks to its low transaction fees and high-speed processing. As an alternative to Ethereum, BSC provides a more affordable and accessible platform for minting and trading NFTs.
The chain supports a wide range of NFT projects, from gaming to digital art. Binance’s large user base and active community also help to drive traffic to BSC-based NFT projects.
{spot}(FLOWUSDT)
{spot}(THETAUSDT)
#KDAUSDT is currently hinting at a bullish continuation from a critical support zone at $0.40. Price follows a falling wedge pattern, and now it's gearing up to break above the descending resistance line. Internal resistance at $0.900is the next target for KDA .
If #KDAUSDT holds strong at this level, we could be on the verge of a significant bullish rally, echoing previous trends. A breakout above the key resistance at $0.900might set the stage for a run toward the next resistance zones and beyond.
However, caution is essential. If the momentum falters at this critical support, we might witness a rebound from the lower support area around $0.350–$0.400.
#BinanceLaunchpoolDOGS #P2PScamAwareness #BTC☀ $KDA
{spot}(KDAUSDT)
FOMO ? Wait read full post $BTC is on its last stage to hit $55,000. Here is full detail .
Today we will not discuss BTC with only chart pattern or some other things . Today we will explain with a new strategy why bearish is not over yet. We will use background and foreground strategy for it. Before reading further assure you must have liked post and
[give us a vote](https://app.binance.com/uni-qr/cpro/MU_Traders?l=en&r=530473962&uc=app_square_share_link&us=copylink) 🗳️☺️.
Look on chart we write 9 point on left side and 9 point on right side. Indicating low and high of each side respectively . If you look deeper you will see that same thing is happening that has happened behind on the chart. This strategy is know as Back-Fore Ground strategy . 8 point are already matched. Now it's time for 9th point. Also we have resistance between $62,000 - $62,800 for #BTC☀ . We can see sell off from here. We work with facts not hopes. We are still looking for:
1. $57,500
2. $55,300 area. We can see bounce from these ranges. We want to clear a thing here that these analysis are for interaday trading not for bull run holding. Don't sell your Bull Run holding .
Also #PowellAtJacksonHole indicated a rate cut. Due to of which we saw a bounce in price from 60,500 to 62,300. But BTC unable to break resistance . Personally we bought 40% at $57,500 and holding still and waiting for Dip so we can buy 40% more at 55,300 area. For new readers we will mention again our personal buying ranges with proper ratios:
1. Buy with 40% portfolio at 57,500
2. Buy with 40% more portfolio at 55,300
Some more reason why we indicating dip from last few days:
1. 500M+ Liquidity at 55,300
2. FOMO is max after Powell today speech
Please don't forget to like post. We need your support . Give us vote 🗳️. Open our profile and give your today vote to @MU_Traders 🙏.
We will bullish once market hit our entry points. or close 1D above 62,800. By the way untill / at that time we are bearish.
#MtGoxRepayments #CryptoMarketMoves #MU_Traders
Ripple Makes Strides with RLUSD Stablecoin During Closed Beta Testing
Ripple's latest venture into the stablecoin space is making waves, as the company successfully issued 185 Ripple USD (RLUSD) during its closed beta testing phase. This issuance, recorded at 21:38 UTC, marks a significant milestone in the development of RLUSD on both the Ethereum and XRP Ledger (XRPL) networks.
The transaction has sparked lively discussions within the community, with many questioning the impact on transaction fees and XRP’s role in the RLUSD ecosystem. According to a user on social network X, transaction fees are minimal, and the primary advantage of RLUSD lies in its potential to enhance the XRPL ecosystem rather than fueling price speculation. Some skepticism was voiced about the issuance's authenticity, but online data confirms that the transaction originated from the official RLUSD issuer's account, lending credibility to the event.
Ripple has clarified that its corporate partners are conducting closed beta testing on the XRPL and Ethereum networks. This phase is crucial for identifying any potential issues and ensuring the stablecoin’s reliability and security before broader release. Ripple has emphasized that RLUSD remains in the closed testing phase, cautioning the public to be wary of any claims suggesting that the stablecoin is already available for general use.
As RLUSD continues through its testing phase, the community eagerly anticipates further developments, with the potential for Ripple's stablecoin to become a key player in the evolving digital asset landscape. $XRP
#xrp #Ripple💰
some cryptocurrencies with strong potential for significant growth, though they might not offer 1000x returns:
[VOTE Me To Visit My PROFILE](https://www.binance.com/en/square/profile/Crypto_Queen_Pak7?ref=826352268&utm_campaign=app_square_share_link&utm_source=copylink)
1. Solana ($SOL ) - With its impressive speed and scalability, Solana is quickly building a strong DeFi ecosystem.
2. Polkadot (DOT) - This protocol enables interoperability across various blockchains, opening vast potential for future integration.
3. Cosmos (ATOM) - Known for its scalable and modular design, Cosmos is steadily expanding its ecosystem.
4. Chainlink ($LINK ) - As the leading decentralized oracle network, Chainlink is crucial in connecting smart contracts to real-world data.
5. Cardano (ADA) - A standout for its robustness and scalability, Cardano is actively advancing in the DeFi and NFT sectors.
6. Polygon ($MATIC ) - This layer-2 scaling solution for Ethereum is seeing increasing adoption across the crypto industry.
7. Avalanche (AVAX) - Renowned for speed and decentralization, Avalanche is growing its ecosystem with impressive pace.
8. The Graph (GRT) - Essential for decentralized data indexing and querying, The Graph plays a critical role in blockchain applications.
9. NEAR Protocol (NEAR) - Known for its innovative approach to blockchain technology, NEAR is gaining traction for its scalability.
While these cryptocurrencies might not deliver astronomical returns, they are positioned for steady and impactful growth due to their solid foundations and expanding ecosystems.
#BinanceBlockchainWeek #Babylon_Mainnet_Launch #SahmRule #SahmRule #BlackRockETHOptions
🚀 **Cardano Delays Chang Hardfork to September 2024!** 🚀
Cardano founder Charles Hoskinson announced on X that the highly anticipated Chang hardfork will be delayed to September 1, 2024. Although the upgrade is ready, the new date allows major platforms like Binance more time to prepare.
**Why the Delay?**
- Exchanges and dApps need more time to upgrade to version 9.1.0.
- Current exchange liquidity is at 46%, below the 85% target.
**What is Chang?**
- Introduces decentralized governance and on-chain voting, marking the start of Cardano’s Voltaire era.
**Next Steps:**
- Final go/no-go decision on August 23, 2024.
- Mainnet launch potentially on August 27, 2024.
💬 Share your thoughts in the comments! How do you think this delay will impact Cardano?