As Bitcoin gains attention once again, the concept of “halving” has emerged as a critical factor influencing the cryptocurrency’s value and market dynamics. As a result, many market participants are providing their latest Bitcoin price forecasts.
Understanding the impact of the halving on Bitcoin is essential for investors. Bitcoin halvings occur every four years. It is an event that halves mining rewards and reduces the supply of Bitcoin. As a result, its impact is highly debated, and the leading cryptocurrency usually rises after this event. #Write2Ean #BTCUpdate
#Write2Earn: Many traders enter the world of trading to make profits and secure additional income. However, the world of trading is not without risks, as many changing factors can radically affect the performance of the market from one day to the next, which can cause huge losses for traders.
Despite the successes that can be achieved, traders often desire to trade more and more recklessly, out of greed for profits. Losses may have a significant impact on the trader's psychological state, causing him to make ill-informed trading decisions #Write2Earn:
1️⃣. Accept risks. Before you start trading, you should be aware that trading may cost you potential losses depending on the market you are trading. Accepting the possibility of loss allows you to better manage your expectations throughout your trading journey.
2️⃣. Enter the world of trading gradually. Do not take risks and do not rush your trading. Start with a demo account. This will give you the opportunity to gain skill, build confidence in your abilities, and be patient, without having to risk your capital.
3️⃣. Expand your knowledge. Whether you are a beginner or a veteran trader, continuous learning is the key to success in the world of trading, and it should not be neglected, regardless of your trading level. There are always new concepts and skills to learn, and new markets to tap responsibly. #TradeSmart #trading
BTC The price of Bitcoin (BTCUSD) presented new strong positive trades to succeed in reaching the extended positive targets, as it reached the verge of the recently recorded peak at 48961.84, and we notice that the price is showing signs of losing positive momentum now, which may put pressure on the price to turn lower during the coming sessions. Now, we prefer to remain neutral until we get a clearer indication of the next direction, noting that breaking the support 47675.00 will confirm the dominance of the bearish tendency in the upcoming trading, heading towards achieving negative targets starting at 45950.00, while breaching the resistance 48961.84 represents the key to extending the bullish wave and achieving additional gains. It reaches the 50,000.00 mark as the next positive stop. #Write2Earn: #ETHvsBTC #BTC🔥🔥
Dogecoin, a popular meme coin, is starting to show signs of a quick comeback. During the last 24 hours. It impressively rose beyond the $0.08 support level, indicating a bullish breakout. Currently, Dogecoin's price stands at $0.0805, after an encouraging increase of more than 2% over the past 24 hours. This indicates a shift towards positive market sentiment. Recently, Dogecoin has faced challenges in crossing certain resistance levels. Efforts to cross the $0.0790 threshold have been difficult. Especially since the $0.08 resistance area has proven to be a massive barrier. This struggle comes amid a broader rise in the cryptocurrency market, with Bitcoin and others seeing significant gains. Including BTC rising beyond the $45,000 resistance mark #SHIB #Dogecoin2024 #Write2Earn:
BTC Bitcoin rose more than 4% and is on track to record its highest level since March 2022, erasing January’s losses of 20%, after echoing the launch of Bitcoin ETFs. Uptrend Bitcoin jumped more than 4% on Friday to settle at $47,395. , but it is still well below its peak of $69,000 in 2021. The cryptocurrency with the highest market value in the world has surpassed its peak this year, which was just under $47,000 at the end of January, erasing the losses it incurred last month amounting to $150 billion due to selling operations, which caused the price of Bitcoin to fall to $39,000. . #Write2Earn:
BTC ↗️ The price of the digital currency Bitcoin rose clearly during trading and succeeded in penetrating the level of $47,000 for the first time since March 2022, as the most famous digital currency in terms of market value rose by more than 3% and is trading at the level of $46,922.18, according to Coin Metrics. After it had risen earlier in the session to the level of $47,708.00, #Write2Earn:
One expert predicted that the digital currency Bitcoin would rise to its highest level ever before the end of this year. The famous economist indicated that the price of Bitcoin might rise before the next halving, and then sales would occur after the expected halving, before the digital currency Bitcoin rose. Once again, it will reach its highest levels ever during the fourth quarter of 2024
Also, the famous analyst called for the need to understand the classic behavior of Bitcoin during the current year in which the expected halving process will occur, and the need to identify possible scenarios for the price movement of the cryptocurrency, and that if Bitcoin maintains its upward momentum with the support of increasing net positive flows to ETFs, it may The cryptocurrency rises to $48,000 or $49,000 ahead of the upcoming halving #Write2Earn:
1. Fast transactions: If you use BNB to trade on Binance, you will have access to the platform's matching engine which can support up to 1.4 million orders every second. You can always find a trade you like, and using BNB makes it faster and more reliable. 2. Security: Binance already has millions of cryptocurrency users and traders who rely on the platform and trust Binance's security and protection features. Binance uses a multi-block, multi-level system framework and Secure Asset Fund for Users (SAFU) to keep funds safe. 3. Discount on trading operations: BNB offers a 50% discount on trading fees, as we mentioned earlier. 4. Participation in ICOs/IEOs: Binance Launchpad is also hosting new token sales where private BNB can be used to buy a stake in a new coin coming to trading on the platform. Earlier, many of these new digital currencies were added to the Binance platform #Write2Earn
How does Binance coin work? BNB is built on the Ethereum blockchain according to the ERC20 standard and can store and retain value. The BNB digital currency cannot be mined since it has been previously mined and distributed through an ICO. BNB is used for discounted trading on the Binance trading platform. The discount rate started at 50% in the first year, but is scheduled to be cut in half each year. By year 5, there will be no discount that will affect the value of BNB. To combat the decline in value, Binance has been buying back and destroying its cryptocurrencies to reduce supply. Cryptocurrency exchange Binance plans to phase out half of its BNB coins in circulation. As we told at the beginning of the article, the main goal of BNB is to support cryptocurrency exchanges and enable the Binance ecosystem to expand further. Currently, the BNB digital currency can be used for commercial discounts and in many stores and entities that accept it as a payment currency. Binance has a lot of financial and strategic support, which can sustain the value of BNB for years to come. This means that the dominant altcoin landscape could change in the coming years. It can be a smart idea to bet on a currency backed by a platform that conducts and trades billions of dollars in transactions.
BNB was created to enable the Binance cryptocurrency platform and enhance its operations to create a sustainable ecosystem. The currency can be used for various purposes including paying listing fees, exchange fees, trading fees or any other fees that the user may incur on the platform. In the first year, Binance offered a 50% merchant discount which will decrease by half each coming year with the discount ending in year five. The coin can also be used for IEO investments listed on Binance's Launchpad section. These new currencies will then be listed on the Binance cryptocurrency trading platform, providing them with a full-featured marketplace to trade.
Binance Coin, or BNB, is a native digital currency of the Binance cryptocurrency trading platform that was created on the Ethereum blockchain using the ERC20 standard. Binance has issued a maximum of 200 million BNB. The coin was launched in July 2017, through an Initial Coin Offering (ICO) that placed 20 million BNB to angel investors, 80 million to project contributors and the remaining 100 million to several people who participated in the ICO. The funds raised by selling BNB were used for Binance platform development, branding and marketing. A percentage of the investment was also spent on adding the necessary upgrades to the Binance cryptocurrency trading platform
Solana is a decentralized, peer-to-peer currency that aims to revolutionize traditional finance. The Solana crypto protocol provides a faster, user-controlled financial ecosystem that is more cost-efficient than what financial institutions currently operate.
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