Ethereum, the second most valuable cryptocurrency by market | BLOCKSAYS na Binance Square

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Ethereum, the second most valuable cryptocurrency by market cap, also began the day on a downward trend. The coin's current price is $3,206.

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$DADDY $TRWP $BTC Daddy Tate (DADDY), the memecoin created by notorious influencer Andrew Tate, lost only 5.64 percent of its value as Bitcoin dropped to $53,500. Real Nigger Tate (RNT), another male-dominated rapper, dropped more than 17% at the same time. New token plans revealed by Andrew Tate There are more than 50,000 DADDY holders, and the capitalization has surpassed $115 million, according to DEX Screenr. Tate promises that the amount will soon reach $1 billion, hinting at even more ambitious plans. In addition, the influencer's education business is supporting an airdrop of the TRW token. According to Tate, the monthly profits of the company amount to around $20 million, and this sum is directly proportional to TRW's value.

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$BTC $TON $DOGE Prices of the first cryptocurrency rose back up to $56,000 on Friday night, July 5. The asset has gained 4% in the previous day. The "green zone" was entered by each of the top ten digital assets by market capitalization. In just one day, Toncoin (+14.5 percent), Dogecoin (+12.4 percent), and Solana (+8.2 percent) saw the most increased value. Digital asset market capitalization is $2.18 trillion. $BTC $DOGE

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Pepe (PEPE), a widely used memcoin, saw a 36% decline in value over the previous seven days. Many long positions in the coin on the derivatives market were liquidated as a result of this. When a trader's position is forcibly closed by the exchange to avoid additional losses, this is called a liquidation. A precipitous decline in price prompts the selling of long positions. If this happens, traders who were banking on price increases will have no choice but to sell their holdings. $PEPE

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In the past week, the value of Shiba Inu (SHIB) has dropped by 23%. Participants in the market have also seen a precipitous decline in demand for SHIB. This is demonstrated by the fact that the coin's accumulation/distribution indicator (A/D Line) has decreased. It assesses the forces of accumulation and distribution in the marketplace. When prices are falling, it means sellers are putting more pressure on the market. The A/D line is currently worth 815.99 billion. There was an 86% drop from 6 trillion on July 1 to this week alone. $SHIB

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The value of Dogecoin, a prominent memecoin, has dropped by 24% in the last seven days. Levels not seen by DOGE since February have been reached. But the token's price dropped below the 20-day EMA on June 7 and has remained below it ever since. The 20-day exponential moving average (EMA) shows how much a coin has averaged over the past 20 trading days. When prices fall below this level, it means sellers are starting to have more power than buyers. This indicates a rise in sales and the continuation of a downward trend. $DOGE

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