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Ethereum (ETH) Technical Analysis: Bearish Pressure MountsAs of August 19, 2024, Ethereum (ETH) is trading at [2584] against Tether (USDT). Based on the provided chart, there are several technical indicators suggesting a potential bearish trend. $ETH {spot}(ETHUSDT) Key observations: Descending Triangle Pattern: The price action appears to be forming a descending triangle pattern, characterized by a series of lower lows and a horizontal resistance level. This pattern often signals a bearish breakdown.Resistance Levels: The 200-day moving average (MA) and the ascending trendline are acting as resistance levels.A break below these levels could further strengthen the bearish outlook.Relative Strength Index (RSI): The RSI is currently hovering near the oversold zone, suggesting that the price might be due for a rebound. However, a prolonged stay in the oversold zone could indicate continued selling pressure.Volume: A decline in trading volume could accompany a breakdown from the descending triangle, indicating a lack of buying interest. While these technical indicators point towards a potential bearish scenario #cryptocurrencyearn urrency #ETH #BearishPhase

Ethereum (ETH) Technical Analysis: Bearish Pressure Mounts

As of August 19, 2024, Ethereum (ETH) is trading at [2584] against Tether (USDT). Based on the provided chart, there are several technical indicators suggesting a potential bearish trend.
$ETH

Key observations:
Descending Triangle Pattern: The price action appears to be forming a descending triangle pattern, characterized by a series of lower lows and a horizontal resistance level. This pattern often signals a bearish breakdown.Resistance Levels: The 200-day moving average (MA) and the ascending trendline are acting as resistance levels.A break below these levels could further strengthen the bearish outlook.Relative Strength Index (RSI): The RSI is currently hovering near the oversold zone, suggesting that the price might be due for a rebound. However, a prolonged stay in the oversold zone could indicate continued selling pressure.Volume: A decline in trading volume could accompany a breakdown from the descending triangle, indicating a lack of buying interest.
While these technical indicators point towards a potential bearish scenario
#cryptocurrencyearn urrency #ETH #BearishPhase
Celestia's TIAUSD token exhibits promising utility within its ecosystem, primarily serving network security through staking, participating in governance decisions, and incentivizing data availability and validation. Moreover, TIA facilitates transaction fees and rewards, ensuring participant compensation for their contributions.Support and Resistance Analysis:Currently, TIAUSD holds strong support at $4.9. If this level holds, we could see substantial gains. Should this support break, the next critical support lies near $3.6, a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs.Market Outlook:The approval of Ethereum ETFs is likely to spark a rally in altcoins, including TIAUSD, a relatively new project listed in late 2023. Historically, new projects introduced shortly before a bull market often experience significant rallies. We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge.Price Targets:Based on our calculations, the minimum target for TIAUSD during the bull run is $146. If this resistance is flipped by January 2025, we could see a maximum target of $186. Bull markets typically exhibit unexpected price pumps, and we expect similar volatility for TIAUSD. However, monitoring support and resistance zones is crucial to maintain an active trade strategy.Exit Strategy:Traders should aim to exit long positions between March and August 11, 2025, as the bull run and altcoin season are expected to end during this period.Follow us on binance for more in-depth analysis and timely updates on TIAUSD and other cryptocurrencies. Share this idea with your friends and family to maximize profits. Comment below and let us know if you found this analysis helpful. Thank you! #TIAUSD #Celestia {future}(TIAUSDT) #cryptocurrencyearn #EthereumETF #bullrun2024📈📈
Celestia's TIAUSD token exhibits promising utility within its ecosystem, primarily serving network security through staking, participating in governance decisions, and incentivizing data availability and validation. Moreover, TIA facilitates transaction fees and rewards, ensuring participant compensation for their contributions.Support and Resistance Analysis:Currently, TIAUSD holds strong support at $4.9. If this level holds, we could see substantial gains. Should this support break, the next critical support lies near $3.6, a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs.Market Outlook:The approval of Ethereum ETFs is likely to spark a rally in altcoins, including TIAUSD, a relatively new project listed in late 2023. Historically, new projects introduced shortly before a bull market often experience significant rallies. We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge.Price Targets:Based on our calculations, the minimum target for TIAUSD during the bull run is $146. If this resistance is flipped by January 2025, we could see a maximum target of $186. Bull markets typically exhibit unexpected price pumps, and we expect similar volatility for TIAUSD. However, monitoring support and resistance zones is crucial to maintain an active trade strategy.Exit Strategy:Traders should aim to exit long positions between March and August 11, 2025, as the bull run and altcoin season are expected to end during this period.Follow us on binance for more in-depth analysis and timely updates on TIAUSD and other cryptocurrencies. Share this idea with your friends and family to maximize profits. Comment below and let us know if you found this analysis helpful. Thank you!

#TIAUSD
#Celestia
#cryptocurrencyearn
#EthereumETF
#bullrun2024📈📈
🎤 The Match Systems team attended Istanbul #Blockchain Week, which took place on August 13-14.  🇹🇷 Istanbul Blockchain Week stands as a premier annual event, nestled in the vibrant heart of Istanbul — a city where cryptocurrency and Web3 already play a key role in the lives of its people. 🌍 💼 The purpose of attending this event for the Match Systems team was to expand our professional #network and strengthen ties with partners, as well as to listen to a number of interesting speakers whose ideas and experiences proved valuable for the further development of our work in the field of #cryptocurrencyearn investigations. 👥 #BinanceTurns7
🎤 The Match Systems team attended Istanbul #Blockchain Week, which took place on August 13-14. 

🇹🇷 Istanbul Blockchain Week stands as a premier annual event, nestled in the vibrant heart of Istanbul — a city where cryptocurrency and Web3 already play a key role in the lives of its people. 🌍

💼 The purpose of attending this event for the Match Systems team was to expand our professional #network and strengthen ties with partners, as well as to listen to a number of interesting speakers whose ideas and experiences proved valuable for the further development of our work in the field of #cryptocurrencyearn investigations. 👥

#BinanceTurns7
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Bullish
$DOGS Token Predictions and Analysis As #DOGS prepares to list on Binance today, August 26, 2024, at 12:00 (UTC), we've analyzed its tokenomics to make some predictions: 1. Initial pricing: Expect a high of $0.001 per DOGS in the first minutes, followed by a correction. 2. Liquidity: With 5.45% liquidity, DOGS has a higher than usual liquidity pool, ensuring price stability. 3. Token distribution: Community airdrop (72.73%) and marketing (9.18%) allocations are promising, but beware of potential manipulation. Based on our analysis, here's a possible scenario: 1. Sell airdrops in the first minutes if you can. 2. If listed on more exchanges, look for price increases and consider shorting (but beware of high funding rates). 3. Be prepared for significant corrections in the days or weeks following the launch and buy low before the next pump. Remember, this is not investment advice. Always conduct your own research and consider the risks before making trading decisions. Share your predictions and insights in the comments! #dogs #cryptocurrencyearn #BinanceLaunchpoolDOGS #Write2Earn! #TelegramCEO $ETH $BTC {future}(BTCUSDT) {future}(ETHUSDT)
$DOGS Token Predictions and Analysis

As #DOGS prepares to list on Binance today, August

26, 2024, at 12:00 (UTC), we've analyzed its tokenomics to make some predictions:

1. Initial pricing: Expect a high of $0.001 per DOGS in the first minutes, followed by a correction.

2. Liquidity: With 5.45% liquidity, DOGS has a higher than usual liquidity pool, ensuring price stability.

3. Token distribution: Community airdrop (72.73%) and marketing (9.18%) allocations are promising, but beware of potential manipulation.

Based on our analysis, here's a possible scenario:

1. Sell airdrops in the first minutes if you can.

2. If listed on more exchanges, look for price increases and consider shorting (but beware of high funding rates).

3. Be prepared for significant corrections in the days or weeks following the launch and buy low before the next pump.

Remember, this is not investment advice. Always conduct your own research and consider the risks before making trading decisions.

Share your predictions and insights in the comments!

#dogs #cryptocurrencyearn #BinanceLaunchpoolDOGS #Write2Earn! #TelegramCEO

$ETH $BTC
🔥🔥🔥🔥 hi fellows 🙋‍♂️ here is news for u..⬇️ 👉Ethereum Shows Signs of Rebound Ethereum (ETH), a leading cryptocurrency, has seen a notable uptick, surging over 9% and setting its sights on the $2,871 resistance level. 🕵️‍♂️😳🏄 👉This recovery is particularly noteworthy as it positions Ethereum close to the 100-day Simple Moving Average (SMA), a pivotal metric in both short-term and long-term charts. 👉 Investors are closely tracking these developments, hinting at a potential shift in market sentiment.🕵️‍♂️ ➡️ Positive Momentum on the Horizon? Despite trading below critical indicators like the 100-day SMA and trend line, 📉 👉Ethereum's technical analysis suggests upward momentum. 📈 The Relative Strength Index (RSI) remains above 50, indicating a possible continuation of the recent price surge. 👉Additionally, the Moving Average Convergence Divergence (MACD) aligns with this optimistic outlook, trending towards the neutral zone from above the zero line. ➡️ Key Resistance and Support Levels 👉Ethereum faces significant price thresholds, with resistance levels at $3,250 and $3,355, and a notable support level at $2,819. 👉 A breakthrough above $3,250 could propel ETH towards higher resistance, while failure to surpass current barriers might lead to a decline towards the $2,819 support level, potentially triggering further selling pressure. ➡️ Strategic Insights for Investors 👉Sustained recovery hinges on Ethereum maintaining its position above the 50 RSI mark. Vigilance around the $2,819 support level is crucial, as breaching it could prompt significant sell-offs. 👉Investors should also watch for a stable MACD crossover above the zero line as a bullish signal. 👉In a volatile crypto market, Ethereum's recent gains and positive technical indicators suggest a path towards recovery, making it an asset to watch closely. 👉for more updates please do like share and follow #ETH_Update #EthereumPower #cryptocurrencyearn
🔥🔥🔥🔥 hi fellows 🙋‍♂️
here is news for u..⬇️
👉Ethereum Shows Signs of Rebound
Ethereum (ETH), a leading cryptocurrency, has seen a notable uptick, surging over 9% and setting its sights on the $2,871 resistance level. 🕵️‍♂️😳🏄
👉This recovery is particularly noteworthy as it positions Ethereum close to the 100-day Simple Moving Average (SMA), a pivotal metric in both short-term and long-term charts.
👉 Investors are closely tracking these developments, hinting at a potential shift in market sentiment.🕵️‍♂️

➡️ Positive Momentum on the Horizon?
Despite trading below critical indicators like the 100-day SMA and trend line, 📉
👉Ethereum's technical analysis suggests upward momentum. 📈
The Relative Strength Index (RSI) remains above 50, indicating a possible continuation of the recent price surge.
👉Additionally, the Moving Average Convergence Divergence (MACD) aligns with this optimistic outlook, trending towards the neutral zone from above the zero line.

➡️ Key Resistance and Support Levels
👉Ethereum faces significant price thresholds, with resistance levels at $3,250 and $3,355, and a notable support level at $2,819.
👉 A breakthrough above $3,250 could propel ETH towards higher resistance, while failure to surpass current barriers might lead to a decline towards the $2,819 support level, potentially triggering further selling pressure.

➡️ Strategic Insights for Investors
👉Sustained recovery hinges on Ethereum maintaining its position above the 50 RSI mark. Vigilance around the $2,819 support level is crucial, as breaching it could prompt significant sell-offs.
👉Investors should also watch for a stable MACD crossover above the zero line as a bullish signal.

👉In a volatile crypto market, Ethereum's recent gains and positive technical indicators suggest a path towards recovery, making it an asset to watch closely.
👉for more updates please do like share and follow
#ETH_Update #EthereumPower #cryptocurrencyearn
#ElonMusk is a prominent figure in the world of #cryptocurrencyearn known for his involvement and influence within the industry. As the CEO of Tesla and SpaceX, Musk has garnered significant attention for his interest and support of digital currencies like $BTC  and $DOGE . While his statements and actions have had a notable impact on the market, it is important to approach his involvement with a critical lens, considering the volatile nature of cryptocurrencies. Musk's tweets and public endorsements have often led to significant price fluctuations, causing both excitement and concern among investors. #mememcoinseason2024 #altcoins
#ElonMusk is a prominent figure in the world of #cryptocurrencyearn known for his involvement and influence within the industry. As the CEO of Tesla and SpaceX, Musk has garnered significant attention for his interest and support of digital currencies like $BTC  and $DOGE . While his statements and actions have had a notable impact on the market, it is important to approach his involvement with a critical lens, considering the volatile nature of cryptocurrencies. Musk's tweets and public endorsements have often led to significant price fluctuations, causing both excitement and concern among investors.

#mememcoinseason2024 #altcoins
BTCUSD New Breakout⚠️ BTCUSD has recently broken out of the strong support zone at $63,000 as marked on the chart. In the short term, this cryptocurrency continues to favor sellers as signals from EMA and resistance levels support new selling waves, with profit-taking around the $61,000 area as the Bearish side begins to control the trend. Wishing you happy trading, and don't forget to leave your comments below✨ #tradingtechnique #cryptocurrencyearn #BTC #CryptoWatchMay2024
BTCUSD New Breakout⚠️

BTCUSD has recently broken out of the strong support zone at $63,000 as marked on the chart. In the short term, this cryptocurrency continues to favor sellers as signals from EMA and resistance levels support new selling waves, with profit-taking around the $61,000 area as the Bearish side begins to control the trend.

Wishing you happy trading, and don't forget to leave your comments below✨

#tradingtechnique #cryptocurrencyearn #BTC #CryptoWatchMay2024
Unlocking the Power of Binance: A Guide to Locking Assets for Enhanced Trading" Introduction Binance, one of the world's leading cryptocurrency exchanges, offers a unique feature called "Lock Assets" that allows users to enhance their trading experience. By locking assets, users can access exclusive benefits, increased security, and improved trading flexibility. In this article, we will explore the concept of Lock Assets on Binance, its advantages, and how to use it effectively. What is Lock Assets on Binance? Lock Assets is a feature on Binance that allows users to lock a portion of their assets for a specified period, typically 15 or 30 days. During this time, the locked assets are temporarily unavailable for trading or withdrawal, but they can still be used as collateral for margin trading or borrowing. Advantages of Lock Assets on Binance Locking assets on Binance offers several benefits, including: - Increased security: Locking assets adds an extra layer of protection against unauthorized withdrawals or trading. - Enhanced trading flexibility: Locked assets can be used as collateral for margin trading or borrowing, allowing users to access more funds for trading. - Exclusive benefits: Binance offers special rewards and discounts to users who lock their assets, such as increased interest rates on savings accounts or priority customer support. How to Lock Assets on Binance Locking assets on Binance is a straightforward process: 1. Log in to your Binance account 2. Go to the "Wallet" section 3. Select the asset you want to lock 4. Choose the lock period (15 or 30 days) 5. Confirm the lock Tips and Strategies for Using Lock Assets Effectively - Lock assets during periods of high market volatility to protect your funds - Use locked assets as collateral for margin trading to access more funds - Take advantage of exclusive benefits and rewards offered by Binance - Consider locking assets for longer periods to access higher interest rates on savings accounts #Binanceefutures - #cryptocurrencyearn - #BITCOINUSD - #EthereumRival - #TradingShot
Unlocking the Power of Binance: A Guide to Locking Assets for Enhanced Trading"

Introduction

Binance, one of the world's leading cryptocurrency exchanges, offers a unique feature called "Lock Assets" that allows users to enhance their trading experience. By locking assets, users can access exclusive benefits, increased security, and improved trading flexibility. In this article, we will explore the concept of Lock Assets on Binance, its advantages, and how to use it effectively.

What is Lock Assets on Binance?

Lock Assets is a feature on Binance that allows users to lock a portion of their assets for a specified period, typically 15 or 30 days. During this time, the locked assets are temporarily unavailable for trading or withdrawal, but they can still be used as collateral for margin trading or borrowing.

Advantages of Lock Assets on Binance

Locking assets on Binance offers several benefits, including:

- Increased security: Locking assets adds an extra layer of protection against unauthorized withdrawals or trading.
- Enhanced trading flexibility: Locked assets can be used as collateral for margin trading or borrowing, allowing users to access more funds for trading.
- Exclusive benefits: Binance offers special rewards and discounts to users who lock their assets, such as increased interest rates on savings accounts or priority customer support.

How to Lock Assets on Binance

Locking assets on Binance is a straightforward process:

1. Log in to your Binance account
2. Go to the "Wallet" section
3. Select the asset you want to lock
4. Choose the lock period (15 or 30 days)
5. Confirm the lock

Tips and Strategies for Using Lock Assets Effectively

- Lock assets during periods of high market volatility to protect your funds
- Use locked assets as collateral for margin trading to access more funds
- Take advantage of exclusive benefits and rewards offered by Binance
- Consider locking assets for longer periods to access higher interest rates on savings accounts

#Binanceefutures
- #cryptocurrencyearn
- #BITCOINUSD
- #EthereumRival
- #TradingShot
LIVE
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Bullish
$HARD $0.1176 is our current price. If we continue upward ✍️✍️, the targets based on Fibonacci levels: $0.1330 $0.1450 $0.1590 will be activated. Above this, we can follow targets of $0.1740 and $0.1890, with updates continuing up to $0.2100. $HARD #cryptocurrencyearn #BTC☀ #ETH🔥🔥🔥🔥
$HARD
$0.1176 is our current price. If we continue upward ✍️✍️,
the targets based on Fibonacci levels:
$0.1330
$0.1450
$0.1590 will be activated.
Above this,
we can follow targets of $0.1740 and $0.1890, with updates continuing up to $0.2100.
$HARD #cryptocurrencyearn #BTC☀ #ETH🔥🔥🔥🔥
Hamster Kombat Backlash: Post-Listing Expectations Community Outrage: - Unfair airdrop disqualifications - Months of grinding deemed worthless - Focus shifted to key collection, disregarding player effort - Locked tokens deemed insufficient Consequences: - Players consider uninstalling - Community demands fair review process for disqualified accounts - Trust rebuilding essential Price Projections (Post-Listing): - $0.0005 (bearish) - $0.001 (cautious) - $0.01 (neutral) - $0.05 (bullish) - $0.10 (optimistic) - $0.50 (very optimistic) - $1 (extremely optimistic) Action Items for Hamster Kombat: 1. Address community concerns 2. Implement fair review process 3. Rebuild trust 4. Improve communication Future Outlook: Hamster Kombat's success hinges on resolving these issues. Failure to address community concerns may lead to: - Decreased player retention - Negative reviews - Reduced investment interest #HamsterKombat #AirdropControversy #DOGSONBINANCE #cryptocurrencyearn #Gaming

Hamster Kombat Backlash: Post-Listing Expectations

Community Outrage:
- Unfair airdrop disqualifications
- Months of grinding deemed worthless
- Focus shifted to key collection, disregarding player effort
- Locked tokens deemed insufficient
Consequences:
- Players consider uninstalling
- Community demands fair review process for disqualified accounts
- Trust rebuilding essential
Price Projections (Post-Listing):
- $0.0005 (bearish)
- $0.001 (cautious)
- $0.01 (neutral)
- $0.05 (bullish)
- $0.10 (optimistic)
- $0.50 (very optimistic)
- $1 (extremely optimistic)
Action Items for Hamster Kombat:
1. Address community concerns
2. Implement fair review process
3. Rebuild trust
4. Improve communication
Future Outlook:
Hamster Kombat's success hinges on resolving these issues. Failure to address community concerns may lead to:
- Decreased player retention
- Negative reviews
- Reduced investment interest
#HamsterKombat #AirdropControversy #DOGSONBINANCE #cryptocurrencyearn #Gaming
Cryptocurrency Trader Faces $16 Million Loss After $17 Million Bet on FRIEND Token#CryptocurrencyAlert #CryptoAlert #CryptoAlerts #cryptocurrencyearn #BinanceSquareFamily Introduction In the midst of significant capital outflows in the cryptocurrency market, certain tokens have experienced notable price declines, leaving many investors with substantial losses. One such case involves the pseudonymous cryptocurrency influencer Machi Big Brother, who has reportedly incurred losses amounting to millions of dollars due to a high-stakes investment. Contents 1. Massive Losses from FRIEND Token Investment 2. Factors Behind the Decline of FRIEND 3. Concerns Regarding FRIEND's Future Sustainability 1. Massive Losses from FRIEND Token Investment According to an analysis by Lookonchain, shared in a post on X on September 9, Machi Big Brother's investment in the SocialFi project Friend. Tech (FRIEND) has led to staggering losses of $16 million. Although the precise timing of the initial investment remains undisclosed, it is noted that the influencer spent around 5,200 ETH, equivalent to $16.7 million, to acquire 11.1 million FRIEND tokens. However, due to an ongoing sell-off of FRIEND, on-chain data indicates that the value of this investment has plummeted to just $0.7 million. This loss is not an isolated incident for the influencer; back in June, it was reported that Machi Big Brother began purchasing FRIEND tokens in early May. By June 8, his total expenditure on FRIEND had reached $15.6 million, reflecting losses of $7.9 million at that time. 2. Factors Behind the Decline of FRIEND The decline of the ERC-20 token can be attributed to several decisions made by the Friend.Tech team. Notably, the team decided to abandon their control over the smart contracts, which implies a cessation of operations within a year of the platform’s launch. On September 8, management transferred control of their smart contracts to the Ethereum (ETH) null address, effectively signaling a complete shutdown. This move means that Friend.Tech will no longer be able to perform essential tasks, such as fixing bugs or enhancing features on the platform. The platform was initially designed to enable users to buy and sell shares of social media profiles. As of the latest update, FRIEND is trading at $0.0619, reflecting a 52% loss within a single day and an alarming 80% decline on the weekly chart. 3. Concerns Regarding FRIEND's Future Sustainability The losses experienced by Machi Big Brother underscore the inherent volatility in the cryptocurrency market and the critical importance of conducting thorough research prior to making investments. In the case of Friend. Tech, the centralization of control appears to be a significant factor contributing to its current predicament. The absence of a community-driven narrative may have influenced the decision to relinquish control over the smart contracts. Some market participants are even drawing parallels to a rug pull, given that the project was backed by venture capitalists. Ultimately, the question remains whether FRIEND can recover with community support or if it will continue to face ongoing losses. Conclusion and Final Thoughts The substantial losses incurred by Machi Big Brother demonstrate the high-risk nature of cryptocurrency investments, particularly in volatile markets. The decline of FRIEND serves as a cautionary tale for investors, emphasizing the need for diligent research and an understanding of the underlying dynamics of the projects they invest in. As the cryptocurrency landscape evolves, it will be crucial to monitor how FRIEND navigates its current challenges and whether it can regain traction in the market.

Cryptocurrency Trader Faces $16 Million Loss After $17 Million Bet on FRIEND Token

#CryptocurrencyAlert #CryptoAlert #CryptoAlerts #cryptocurrencyearn
#BinanceSquareFamily

Introduction

In the midst of significant capital outflows in the cryptocurrency market, certain tokens have experienced notable price declines, leaving many investors with substantial losses. One such case involves the pseudonymous cryptocurrency influencer Machi Big Brother, who has reportedly incurred losses amounting to millions of dollars due to a high-stakes investment.

Contents
1. Massive Losses from FRIEND Token Investment
2. Factors Behind the Decline of FRIEND
3. Concerns Regarding FRIEND's Future Sustainability

1. Massive Losses from FRIEND Token Investment

According to an analysis by Lookonchain, shared in a post on X on September 9, Machi Big Brother's investment in the SocialFi project Friend. Tech (FRIEND) has led to staggering losses of $16 million. Although the precise timing of the initial investment remains undisclosed, it is noted that the influencer spent around 5,200 ETH, equivalent to $16.7 million, to acquire 11.1 million FRIEND tokens. However, due to an ongoing sell-off of FRIEND, on-chain data indicates that the value of this investment has plummeted to just $0.7 million.

This loss is not an isolated incident for the influencer; back in June, it was reported that Machi Big Brother began purchasing FRIEND tokens in early May. By June 8, his total expenditure on FRIEND had reached $15.6 million, reflecting losses of $7.9 million at that time.

2. Factors Behind the Decline of FRIEND

The decline of the ERC-20 token can be attributed to several decisions made by the Friend.Tech team. Notably, the team decided to abandon their control over the smart contracts, which implies a cessation of operations within a year of the platform’s launch.

On September 8, management transferred control of their smart contracts to the Ethereum (ETH) null address, effectively signaling a complete shutdown. This move means that Friend.Tech will no longer be able to perform essential tasks, such as fixing bugs or enhancing features on the platform. The platform was initially designed to enable users to buy and sell shares of social media profiles.
As of the latest update, FRIEND is trading at $0.0619, reflecting a 52% loss within a single day and an alarming 80% decline on the weekly chart.

3. Concerns Regarding FRIEND's Future Sustainability

The losses experienced by Machi Big Brother underscore the inherent volatility in the cryptocurrency market and the critical importance of conducting thorough research prior to making investments.

In the case of Friend. Tech, the centralization of control appears to be a significant factor contributing to its current predicament. The absence of a community-driven narrative may have influenced the decision to relinquish control over the smart contracts.
Some market participants are even drawing parallels to a rug pull, given that the project was backed by venture capitalists. Ultimately, the question remains whether FRIEND can recover with community support or if it will continue to face ongoing losses.

Conclusion and Final Thoughts

The substantial losses incurred by Machi Big Brother demonstrate the high-risk nature of cryptocurrency investments, particularly in volatile markets. The decline of FRIEND serves as a cautionary tale for investors, emphasizing the need for diligent research and an understanding of the underlying dynamics of the projects they invest in. As the cryptocurrency landscape evolves, it will be crucial to monitor how FRIEND navigates its current challenges and whether it can regain traction in the market.
Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto's Next Big Boom #cryptocurrencyearn #BitcoinPizzaDay2024 #CryptoWatchMay2024 #solana #Binance Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stable coins, layer two technologies, and simpler onboarding processes as key factors that could drive growth in the next decade.
Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto's Next Big Boom

#cryptocurrencyearn #BitcoinPizzaDay2024 #CryptoWatchMay2024 #solana #Binance

Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stable coins, layer two technologies, and simpler onboarding processes as key factors that could drive growth in the next decade.
Here are some general trading information and tips: *Trading Information:* - Markets: Cryptocurrency markets are open 24/7, allowing for constant trading. - Volatility: Cryptocurrency prices can fluctuate rapidly and unpredictably. - Leverage: Trading with leverage can amplify gains but also increase losses. - Orders: Use limit orders to set specific prices for buying or selling. - Risk Management: Set stop-loss orders to limit potential losses. *Trading Tips:* - Educate yourself: Learn about trading strategies, technical analysis, and market trends. - Set clear goals: Define your risk tolerance and profit targets. - Diversify: Spread investments across multiple assets to minimize risk. - Stay up-to-date: Continuously monitor market news and developments. - Manage emotions: Avoid impulsive decisions based on fear or greed. *Remember:* Trading carries risks, and losses are possible. Always invest responsibly and seek professional advice if needed. - #TradingMadeEasy - #cryptocurrencyearn - #CryptoTrading. - #Investing" - #traderlife
Here are some general trading information and tips:

*Trading Information:*

- Markets: Cryptocurrency markets are open 24/7, allowing for constant trading.
- Volatility: Cryptocurrency prices can fluctuate rapidly and unpredictably.
- Leverage: Trading with leverage can amplify gains but also increase losses.
- Orders: Use limit orders to set specific prices for buying or selling.
- Risk Management: Set stop-loss orders to limit potential losses.

*Trading Tips:*

- Educate yourself: Learn about trading strategies, technical analysis, and market trends.
- Set clear goals: Define your risk tolerance and profit targets.
- Diversify: Spread investments across multiple assets to minimize risk.
- Stay up-to-date: Continuously monitor market news and developments.
- Manage emotions: Avoid impulsive decisions based on fear or greed.

*Remember:* Trading carries risks, and losses are possible. Always invest responsibly and seek professional advice if needed.

- #TradingMadeEasy
- #cryptocurrencyearn
- #CryptoTrading.
- #Investing"
- #traderlife
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