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You will make some profit just by listening to this guys!
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Trading Insight
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$BTC heat chart and RSI index recorded new numbers that need attention.
đThe RSI index is continuously decreasing and is currently at the "OVERSOLD" threshold in the warning stage, but not yet a red alert. So there is still a chance for RSI to continue to decrease, meaning BTC can continue to decrease...
đThe heat chart assesses that BTC can reach the lowest price in the Month and Year frames at 38,000 - 43,000. To be able to move towards a further target at 80,000-100,000$
Information and data for reference only, not for allin
đThe RSI index is continuously decreasing and is currently at the "OVERSOLD" threshold in the warning stage, but not yet a red alert. So there is still a chance for RSI to continue to decrease, meaning BTC can continue to decrease...
đThe heat chart assesses that BTC can reach the lowest price in the Month and Year frames at 38,000 - 43,000. To be able to move towards a further target at 80,000-100,000$
Information and data for reference only, not for allin
đ¶UPDATE $ARB on December 17
+ On December 16th $ARB had a mild FUD because the Arbitrum network had high traffic.
+Analyzing chart D, last week the price tried to go up from $1.3 but stopped at the old peak of $1.25, there is a high possibility that the fish will shake off the goods so they can collect more and give it away.
âĄïž We can see that when measuring with Fibo, there are 2 areas that we expect to have a high probability of falling: the 0.5 and 0.618 Fibo areas, which can go down and shorten up, creating a higher bottom than the previous bottom. You can also not withdraw letters to retailers you have lost trust in to get rid of the goods and then MM will give them to you.
âĄïž But I'm still confident that the more I go down, the more I collect, what do you think?
#BinanceSquareInsight #BinanceResignation #BinanceSquare #Arbitrum #tradinginsight
+ On December 16th $ARB had a mild FUD because the Arbitrum network had high traffic.
+Analyzing chart D, last week the price tried to go up from $1.3 but stopped at the old peak of $1.25, there is a high possibility that the fish will shake off the goods so they can collect more and give it away.
âĄïž We can see that when measuring with Fibo, there are 2 areas that we expect to have a high probability of falling: the 0.5 and 0.618 Fibo areas, which can go down and shorten up, creating a higher bottom than the previous bottom. You can also not withdraw letters to retailers you have lost trust in to get rid of the goods and then MM will give them to you.
âĄïž But I'm still confident that the more I go down, the more I collect, what do you think?
#BinanceSquareInsight #BinanceResignation #BinanceSquare #Arbitrum #tradinginsight
đą$BTC updated on December 17, 2023:
1. Update $BTC :
- $BTC frames the day as a short body candle, continuing to show balance. Short-term trend of reduced preferred usage.
- H4 frame price has broken the trend line. However, the breakout signal was not supported when the RSI was 47. It is very possible that this breakout was a false breakout and the price continued to move down, trending down.
- The daily bullish frame remains supported in the medium and long term. However, in the short term, the bears are supported, the price may correct around 40k7â - 41k6.
General conclusion:
With the current situation, BTC may have a downward trend to the 40k7â - 41k6 zone. But BTC.D also tends to support the bears, although not strongly, so altcoins are not affected much. Minimize the decrease amplitude of BTC which is not strong yet, many good altcoins with beautiful charts are even increasing.
#BinanceSquareInsight #BinanceSquareBTC #tradinginsight #BTCđ„đ„
1. Update $BTC :
- $BTC frames the day as a short body candle, continuing to show balance. Short-term trend of reduced preferred usage.
- H4 frame price has broken the trend line. However, the breakout signal was not supported when the RSI was 47. It is very possible that this breakout was a false breakout and the price continued to move down, trending down.
- The daily bullish frame remains supported in the medium and long term. However, in the short term, the bears are supported, the price may correct around 40k7â - 41k6.
General conclusion:
With the current situation, BTC may have a downward trend to the 40k7â - 41k6 zone. But BTC.D also tends to support the bears, although not strongly, so altcoins are not affected much. Minimize the decrease amplitude of BTC which is not strong yet, many good altcoins with beautiful charts are even increasing.
#BinanceSquareInsight #BinanceSquareBTC #tradinginsight #BTCđ„đ„
Why is the cryptocurrency market bullish today (May 29)?
1. Total Market Cap (TOTALCAP):
TOTALCAP creates a bullish weekly candle.
Despite the bullish candle, the direction of the trend remains undetermined until TOTALCAP breaks through $1.17 trillion or breaks down to $1.03 trillion instead.
2. Bitcoin (BTC) Trades Below $29,800 Resistance Area
Similar to TOTALCAP, Bitcoin price created a bullish candle last week (green icon) ending the previous drop that started in April. However, BTC is still trading below the key resistance area at $29,800.
Whether BTC price breaks through the $29,800 level or gets rejected, the upcoming action will likely determine the future trend. In it, a breakout can lead to a rally towards $33,000 while a breakdown can lead to a sharp drop.
#tradinginsight #trend #bitcoin #btc
TOTALCAP creates a bullish weekly candle.
Despite the bullish candle, the direction of the trend remains undetermined until TOTALCAP breaks through $1.17 trillion or breaks down to $1.03 trillion instead.
2. Bitcoin (BTC) Trades Below $29,800 Resistance Area
Similar to TOTALCAP, Bitcoin price created a bullish candle last week (green icon) ending the previous drop that started in April. However, BTC is still trading below the key resistance area at $29,800.
Whether BTC price breaks through the $29,800 level or gets rejected, the upcoming action will likely determine the future trend. In it, a breakout can lead to a rally towards $33,000 while a breakdown can lead to a sharp drop.
#tradinginsight #trend #bitcoin #btc
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đPredict the price of Renzo (REZ) token when listed đ
âïžTotal supply: 10,000,000,000 EZ .Launchpool token reward: 250,000,000 EZ (2.5% of total supply) .Total initial circulating supply: 1,050,000,000 EZ (10.5% of total supply)
đąWith a total of 2B points, the OTC point price is about $0.16/1 point.
âĄïžConversion is 2B ez points/800M tokens= 2.5 ezpoints/1 $REZ. Then 1 $REZ is 0.38-0.4$
âĄïžThe ratio is relatively equal compared to the price on OTC ezETH Point: 0.16 $ and $REZ: 0.38-0.4 $
đBased on the current and potential transaction data of the project, the OTC price of $REZ is currently around 0.4$, so it is very likely that the price will be around 350-400m$ cap equivalent to a price of about 0.25$-0.3 $/ 1 token.
â ïžBinance listed REZ token at 9:00 p.m. on April 30 with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY.
$BTC $BNB $SOL #binance #tradinginsight
âïž Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#binance #launchpool
âïžTotal supply: 10,000,000,000 EZ .Launchpool token reward: 250,000,000 EZ (2.5% of total supply) .Total initial circulating supply: 1,050,000,000 EZ (10.5% of total supply)
đąWith a total of 2B points, the OTC point price is about $0.16/1 point.
âĄïžConversion is 2B ez points/800M tokens= 2.5 ezpoints/1 $REZ. Then 1 $REZ is 0.38-0.4$
âĄïžThe ratio is relatively equal compared to the price on OTC ezETH Point: 0.16 $ and $REZ: 0.38-0.4 $
đBased on the current and potential transaction data of the project, the OTC price of $REZ is currently around 0.4$, so it is very likely that the price will be around 350-400m$ cap equivalent to a price of about 0.25$-0.3 $/ 1 token.
â ïžBinance listed REZ token at 9:00 p.m. on April 30 with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY.
$BTC $BNB $SOL #binance #tradinginsight
âïž Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#binance #launchpool
Ethereum Price Prediction as ETH Surpasses $3,000 Resistance â Whatâs the Next Target?
The Ethereum network is prospering
The worldâs second-biggest cryptocurrency by market capitalization, Ethereum (ETH), is holding the fort above $3,000 after crossing this psychologically important threshold yesterday afternoon, according to data by CoinGecko.
Due to its high-functionality contracts, Ethereum is cryptoâs most commercially successful blockchain.
If we go by total value locked (TVL), according to DefiLlama, the amount of money strapped into the network is currently an eye-watering $48 billion, up 50% from 30 days ago.
Ethereumâs biggest rival, market leader Bitcoin (BTC), is down more than 2% in the last 7 days. It fell 1% in the last 24 hours.
Binanceâs BNB is the only other one of the ten biggest cryptocurrencies by market cap posting a rally today. BNB is up 10% in the last seven days and currently trades for $387.37.
A couple of other top projects are down bad, including Avalanche (AVAX), Cardano (ADA) and Solana (SOL). All of them have fallen more than 8% short of their prices this time last week.
Ethereumâs resilience to the broader market-wide pullback could be attributed to anticipation over spot Ethereum ETFs coming soon.
In January, the US Securities and Exchange Commission (SEC) approved ten different spot Bitcoin ETFs to begin trading on exchanges.
ETFs are regulated investment products that buy, store, and track the price of their underlying asset.
The Bitcoin ETF narrative was the main driver of crypto prices before and after the round of SEC approvals on January 10 this year.
The SEC has given companies applying for a US spot Ethereum ETF a deadline of May 23 this year.
Several in the industry believe that this is the date when the agency will make a round of approvals, based on historic precedent.
Glancing at the chart, Ethereum has been on a clear upward trend since January.
Itâs currently trading a little under its 30-day moving average, represented by the blue line, and it has a Relative Strength Index (RSI) of 45, which indicates sober market activity.
Since mid-February, things have been looking a little bullish for ETH. Frequent shallow cup-and-handle patterns indicate bursts of buying followed by short periods of market consolidation.
#eth #btc #ethereum #tradinginsight #binance
The worldâs second-biggest cryptocurrency by market capitalization, Ethereum (ETH), is holding the fort above $3,000 after crossing this psychologically important threshold yesterday afternoon, according to data by CoinGecko.
Due to its high-functionality contracts, Ethereum is cryptoâs most commercially successful blockchain.
If we go by total value locked (TVL), according to DefiLlama, the amount of money strapped into the network is currently an eye-watering $48 billion, up 50% from 30 days ago.
Ethereumâs biggest rival, market leader Bitcoin (BTC), is down more than 2% in the last 7 days. It fell 1% in the last 24 hours.
Binanceâs BNB is the only other one of the ten biggest cryptocurrencies by market cap posting a rally today. BNB is up 10% in the last seven days and currently trades for $387.37.
A couple of other top projects are down bad, including Avalanche (AVAX), Cardano (ADA) and Solana (SOL). All of them have fallen more than 8% short of their prices this time last week.
Ethereumâs resilience to the broader market-wide pullback could be attributed to anticipation over spot Ethereum ETFs coming soon.
In January, the US Securities and Exchange Commission (SEC) approved ten different spot Bitcoin ETFs to begin trading on exchanges.
ETFs are regulated investment products that buy, store, and track the price of their underlying asset.
The Bitcoin ETF narrative was the main driver of crypto prices before and after the round of SEC approvals on January 10 this year.
The SEC has given companies applying for a US spot Ethereum ETF a deadline of May 23 this year.
Several in the industry believe that this is the date when the agency will make a round of approvals, based on historic precedent.
Glancing at the chart, Ethereum has been on a clear upward trend since January.
Itâs currently trading a little under its 30-day moving average, represented by the blue line, and it has a Relative Strength Index (RSI) of 45, which indicates sober market activity.
Since mid-February, things have been looking a little bullish for ETH. Frequent shallow cup-and-handle patterns indicate bursts of buying followed by short periods of market consolidation.
#eth #btc #ethereum #tradinginsight #binance
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đ„Win an iPhone 15?
đ„Share the 4000 FDUSD bonus fund?
That's right - join the Binance Square social network right on the Binance app for a chance to win an iPhone 15 or split the extremely attractive bonus fund!
$SOL $BTC $BNB
#BinanceSquare #tradinginsight #Futures
đđđJoin now -> https://binance.com/vi/learn/vn-join-binancesquare
đ„Share the 4000 FDUSD bonus fund?
That's right - join the Binance Square social network right on the Binance app for a chance to win an iPhone 15 or split the extremely attractive bonus fund!
$SOL $BTC $BNB
#BinanceSquare #tradinginsight #Futures
đđđJoin now -> https://binance.com/vi/learn/vn-join-binancesquare
Binance Launching New Crypto Trading Platform in Japan This Summer to Comply With Regulations.
Global cryptocurrency exchange Binance says it has created a new crypto trading platform for Japan residents that will be available this summer. The new exchange will fully comply with Japanese crypto regulations and will offer trading of a limited number of tokens initially, according to the exchange.
Global cryptocurrency exchange Binance has announced that it is launching a local crypto trading platform for residents of Japan this summer.
#japan #newcryoto #vsignal #googleai #tradinginsight
Global cryptocurrency exchange Binance says it has created a new crypto trading platform for Japan residents that will be available this summer. The new exchange will fully comply with Japanese crypto regulations and will offer trading of a limited number of tokens initially, according to the exchange.
Global cryptocurrency exchange Binance has announced that it is launching a local crypto trading platform for residents of Japan this summer.
#japan #newcryoto #vsignal #googleai #tradinginsight
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â
Binance announces the 52nd project on Launchpool - Omni Network (OMNI)â
âŒïžInstructions for joining Launchpool $OMNI on Binance
âïžStep 1: Buy BNB or FDUSD on Binance
âïžStep 2: Hold BNB and FDUSD in spot wallet. Go to Binance Launchpad
=> Choose Binance Launchpool and stake $BNB and $FDUSD during the event to receive $OMNI
â Launchpool $OMNI information:
_Maximum supply: 100,000,000 OMNI
_Launchpool Token Reward: 3,500,000 OMNI (3.5% of maximum token supply)
_Initial circulating supply: 10,391,492 OMNI (10.39% of maximum token supply)
- Staking terms: KYC required
- Farm time: 2024-04-13 00:00 (UTC)
â #OMNItoken is expected to be listed on binance at 9:00 p.m. on April 17 Vietnam time.
$BNB $BTC
âïž Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#binance #launchpool #tradinginsight
âŒïžInstructions for joining Launchpool $OMNI on Binance
âïžStep 1: Buy BNB or FDUSD on Binance
âïžStep 2: Hold BNB and FDUSD in spot wallet. Go to Binance Launchpad
=> Choose Binance Launchpool and stake $BNB and $FDUSD during the event to receive $OMNI
â Launchpool $OMNI information:
_Maximum supply: 100,000,000 OMNI
_Launchpool Token Reward: 3,500,000 OMNI (3.5% of maximum token supply)
_Initial circulating supply: 10,391,492 OMNI (10.39% of maximum token supply)
- Staking terms: KYC required
- Farm time: 2024-04-13 00:00 (UTC)
â #OMNItoken is expected to be listed on binance at 9:00 p.m. on April 17 Vietnam time.
$BNB $BTC
âïž Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#binance #launchpool #tradinginsight
BITCOIN - Trending (May 29)
1. BITCOIN (BTC) D1 frame analysis:
- BITCOIN (BTC) has a series of 04 consecutive bullish daily candlesticks. While, before that, there has been no increase for more than 4 consecutive days for BITCOIN (BTC) since mid-January 2023. So today, the uptrend may slow down or even correct down.
- Bar D1 on Sunday made a breakout beyond the 20-day accumulation zone. This can be seen as the completion of a double bottom.
- BITCOIN (BTC) target could be towards the 30,000 zone.
2. Analysis of BITCOIN (BTC) H4 frame:
- The point to note now is that the latest H4 bar of BITCOIN (BTC) has closed above the upper edge of the RSI, falling into an overbought state. In that case, a downward price correction is easy.
- If BITCOIN (BTC) dips back below, it could turn the breakout into a false breakout.
#tradinginsight #bitcoin #btc #mworld
- BITCOIN (BTC) has a series of 04 consecutive bullish daily candlesticks. While, before that, there has been no increase for more than 4 consecutive days for BITCOIN (BTC) since mid-January 2023. So today, the uptrend may slow down or even correct down.
- Bar D1 on Sunday made a breakout beyond the 20-day accumulation zone. This can be seen as the completion of a double bottom.
- BITCOIN (BTC) target could be towards the 30,000 zone.
2. Analysis of BITCOIN (BTC) H4 frame:
- The point to note now is that the latest H4 bar of BITCOIN (BTC) has closed above the upper edge of the RSI, falling into an overbought state. In that case, a downward price correction is easy.
- If BITCOIN (BTC) dips back below, it could turn the breakout into a false breakout.
#tradinginsight #bitcoin #btc #mworld
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đForecast price of OMNI NETWORK token when listed đ $BNB $SOL $BTC
âïžWith total supply: 100,000,000 $OMNI, Launchpool Token Rewards: 3,500,000 $OMNI (3.5% of total supply) - Circulating supply after TGE: 10,391,492 $OMNI (10.39% of total supply)
đąWith the successful raising of $18M from huge funds like Pantera, Jump Crypto or Coinbase Ventures
đBased on current trading data and the project's potential, the OTC price of $OMNI is currently around 50$ which is quite high, so it is very likely that the price will be around 400-500m$ cap equivalent to 45-58$ $
â ïžBinance listed OMNI token at 9:00 p.m. on April 17 with trading pairs OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY.
âïž Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#Launchpoool #binance #tradinginsight
âïžWith total supply: 100,000,000 $OMNI, Launchpool Token Rewards: 3,500,000 $OMNI (3.5% of total supply) - Circulating supply after TGE: 10,391,492 $OMNI (10.39% of total supply)
đąWith the successful raising of $18M from huge funds like Pantera, Jump Crypto or Coinbase Ventures
đBased on current trading data and the project's potential, the OTC price of $OMNI is currently around 50$ which is quite high, so it is very likely that the price will be around 400-500m$ cap equivalent to 45-58$ $
â ïžBinance listed OMNI token at 9:00 p.m. on April 17 with trading pairs OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY.
âïž Register for a Binance account using the link to reduce trading fees: (remember KYC - for newbies)
https://accounts.binance.me/en/register?ref=37421358
#Launchpoool #binance #tradinginsight
đ€©The battle between two #meme routesâ
:
The recent hottest project AIPEPE made me see the return of route 1 again. They spent a year building the community. As the community continued to build, it finally received explosive attention in the past month. Basically, the users entering at each stage have obtained 10-100x profit.
â Therefore, it has accumulated a lot of loyal users and fans. Whenever there is a dip, these users who made money early will actively buy in again. I really like their slogan, Keep Building! Happy Earning! It makes me see the potential investment value, just as $DOGE $SHIB $PEPE at their very begining.
âïžThis is their official website, DYOR:https://aipepeking.vip Route 1. Memes like $Doge, $Shib, and $Pepe can be purchased at a very cheap price or through very simple mining at the beginning. I remembered that Shibâs initial liquidity in 2021 was only 10 ETH, and ETH was about 1,500 at that time. Then it takes a period of time to accumulate community and popularity, step by step from 0 to 1 to a market value of millions dollars and billions dollars. Every user who enters at each stage can earn 10-100x as long as he can hold it.
#BinanceSquareExplorers #tradinginsight
đRoute 2. Now more and more memes are becoming tricky đand turning into big capital games under the banner of memes. They no longer have the inclusive original intention of memes to make the community happy earning in the process of building. Their MCAP reached hundreds of millions of dollars in 1-3 days after going online, and then slowly declined. Through small rebounds in the decline, it continued to attract users to buy and buried them, until it returned to zero. Only sensitive users who enter in the first few hours or even minutes can make money, and it becomes a fool-proof game based on hand speed.
The recent hottest project AIPEPE made me see the return of route 1 again. They spent a year building the community. As the community continued to build, it finally received explosive attention in the past month. Basically, the users entering at each stage have obtained 10-100x profit.
â Therefore, it has accumulated a lot of loyal users and fans. Whenever there is a dip, these users who made money early will actively buy in again. I really like their slogan, Keep Building! Happy Earning! It makes me see the potential investment value, just as $DOGE $SHIB $PEPE at their very begining.
âïžThis is their official website, DYOR:https://aipepeking.vip Route 1. Memes like $Doge, $Shib, and $Pepe can be purchased at a very cheap price or through very simple mining at the beginning. I remembered that Shibâs initial liquidity in 2021 was only 10 ETH, and ETH was about 1,500 at that time. Then it takes a period of time to accumulate community and popularity, step by step from 0 to 1 to a market value of millions dollars and billions dollars. Every user who enters at each stage can earn 10-100x as long as he can hold it.
#BinanceSquareExplorers #tradinginsight
đRoute 2. Now more and more memes are becoming tricky đand turning into big capital games under the banner of memes. They no longer have the inclusive original intention of memes to make the community happy earning in the process of building. Their MCAP reached hundreds of millions of dollars in 1-3 days after going online, and then slowly declined. Through small rebounds in the decline, it continued to attract users to buy and buried them, until it returned to zero. Only sensitive users who enter in the first few hours or even minutes can make money, and it becomes a fool-proof game based on hand speed.
Spot Bitcoin ETF Approval Was a Sell-the-News Event: CryptoQuant
It has been a whole week since the U.S. Securities and Exchange Commission (SEC)Â approved Spot Bitcoin exchange-traded funds (ETFs)Â and unsurprisingly this has been a âsell-the-newsâ type of event.
Many cryptocurrency traders decided to use this event as the perfect opportunity to sell, according to South Korean data firm CryptoQuant.
The Spot Bitcoin ETF products started trading with record volumes for an ETF launch and additionally, Coinbase exchange saw record-high OTC desk transfer volumes. Most Bitcoin ETFs are trading at a premium to spot Bitcoin, reports CryptoQuant.
The data firm explains the approval of the Bitcoin ETFs would be a âsell-the-newsâ event, with price declining as much as 15% since January 11 from $48,70 to as low as $41,500.
During press time, Bitcoin was seeing support within the $41,000 and $43,000 range, although the possibility of a downtrend cannot be ruled out. Nonetheless, the crypto bellwether still maintains positive momentum, supported by several factors.
However, CryptoQuant notes that several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards. Short-term traders and large Bitcoin holders are still doing significant selling in a context of ârisk-offâ attitude.
US Spot Bitcoin ETFs See Massive InflowsÂ
The spot Bitcoin ETFs are seeing huge inflows having achieved a cumulative trading volume of nearly $10 billion within just three days, reports Ruholamin Haqshanas from Cryptonews.
According to Bloomberg analyst James Seyffart, the standout performer among the spot Bitcoin ETFs is Grayscaleâs GBTC, which recorded an impressive three-day trading volume of $5.174 billion. BlackRockâs IBIT also saw substantial engagement, reaching $1.997 billion in trading volume, while FBTC recorded $1.479 billion during the same period. Together, these three ETFs accounted for an impressive $9.771 billion in trading volume, indicating strong investor interest in the cryptocurrency market.
ETFs are the Talk of the Town in DavosÂ
Once again the social elite are gathered in Davos for the World Economic Forum (WEF) â a global event bringing together the most influential players in politics and business to discuss the upcoming trends in business. Crypto attendees are showing signs of optimism this year all due to the SEC approving the ETFs.
âThe recent ETF approval symbolizes a new era and the recognition of the potential of cryptocurrency and blockchain as a technology and as digital assets that can now be invested and supported more broadly by all types of investors,â said Sebastien Borget, COO and co-founder of The Sandbox, from Davos.
#btc #bitcoin #binance #tradinginsight #trend
Many cryptocurrency traders decided to use this event as the perfect opportunity to sell, according to South Korean data firm CryptoQuant.
The Spot Bitcoin ETF products started trading with record volumes for an ETF launch and additionally, Coinbase exchange saw record-high OTC desk transfer volumes. Most Bitcoin ETFs are trading at a premium to spot Bitcoin, reports CryptoQuant.
The data firm explains the approval of the Bitcoin ETFs would be a âsell-the-newsâ event, with price declining as much as 15% since January 11 from $48,70 to as low as $41,500.
During press time, Bitcoin was seeing support within the $41,000 and $43,000 range, although the possibility of a downtrend cannot be ruled out. Nonetheless, the crypto bellwether still maintains positive momentum, supported by several factors.
However, CryptoQuant notes that several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards. Short-term traders and large Bitcoin holders are still doing significant selling in a context of ârisk-offâ attitude.
US Spot Bitcoin ETFs See Massive InflowsÂ
The spot Bitcoin ETFs are seeing huge inflows having achieved a cumulative trading volume of nearly $10 billion within just three days, reports Ruholamin Haqshanas from Cryptonews.
According to Bloomberg analyst James Seyffart, the standout performer among the spot Bitcoin ETFs is Grayscaleâs GBTC, which recorded an impressive three-day trading volume of $5.174 billion. BlackRockâs IBIT also saw substantial engagement, reaching $1.997 billion in trading volume, while FBTC recorded $1.479 billion during the same period. Together, these three ETFs accounted for an impressive $9.771 billion in trading volume, indicating strong investor interest in the cryptocurrency market.
ETFs are the Talk of the Town in DavosÂ
Once again the social elite are gathered in Davos for the World Economic Forum (WEF) â a global event bringing together the most influential players in politics and business to discuss the upcoming trends in business. Crypto attendees are showing signs of optimism this year all due to the SEC approving the ETFs.
âThe recent ETF approval symbolizes a new era and the recognition of the potential of cryptocurrency and blockchain as a technology and as digital assets that can now be invested and supported more broadly by all types of investors,â said Sebastien Borget, COO and co-founder of The Sandbox, from Davos.
#btc #bitcoin #binance #tradinginsight #trend
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đThe first project to launch on Megadrop is BounceBit (BB), a layer 1 blockchain focused on BTC restaking that has been invested by Binance Labsđ $BTC $BNB $SOL
1ïžâŁToken name: BounceBit (BB).
2ïžâŁMaximum total supply: 2,100,000,000 BB.
3ïžâŁMegadrop token reward: 168,000,000 BB (accounting for 8% of total supply).
4ïžâŁInitial circulating supply: 409,500,000 BB (accounting for 19.5% of total supply).
đ¶BounceBit project analysis on Binance Research https://binance.com/en/research/projects/bouncebit
đ Megadrop and Binance Launchpool have some differences such as:
đąHow to participate:
_Megadrop allows users to participate by registering BNB and/or completing Web3 tasks.
_Binance Launchpool only allows users to participate by registering BNB or a specified number of tokens.
đąToken registration:
_Megadrop only uses BNB Locked Products for token registration.
_Binance Launchpool is more diverse as it allows users to register tokens using BNB Locked Products, BNB Vault or lock directly into Launchpool.
đąHow to calculate rewards:
_Megadrop rewards are based on the amount of BNB the user has locked and the lock time, plus the completion of the Web3 Quest.
_Binance Launchpool rewards are based on Launchpool registration volume.
đąEnhanced rewards:
_Megadrop allows users to boost their rewards by completing tasks in Binance Web3 Wallet.
_Binance Launchpool does not allow users to do this.
đąReward distribution:
_Both Megadrop and Binance Launchpool distribute rewards to users' Binance Spot wallets.
đąProject type:
_Binance Megadrop only supports new tokens.
_Binance Launchpool supports both new and existing tokens.
#binance #tradinginsight #SHIB
1ïžâŁToken name: BounceBit (BB).
2ïžâŁMaximum total supply: 2,100,000,000 BB.
3ïžâŁMegadrop token reward: 168,000,000 BB (accounting for 8% of total supply).
4ïžâŁInitial circulating supply: 409,500,000 BB (accounting for 19.5% of total supply).
đ¶BounceBit project analysis on Binance Research https://binance.com/en/research/projects/bouncebit
đ Megadrop and Binance Launchpool have some differences such as:
đąHow to participate:
_Megadrop allows users to participate by registering BNB and/or completing Web3 tasks.
_Binance Launchpool only allows users to participate by registering BNB or a specified number of tokens.
đąToken registration:
_Megadrop only uses BNB Locked Products for token registration.
_Binance Launchpool is more diverse as it allows users to register tokens using BNB Locked Products, BNB Vault or lock directly into Launchpool.
đąHow to calculate rewards:
_Megadrop rewards are based on the amount of BNB the user has locked and the lock time, plus the completion of the Web3 Quest.
_Binance Launchpool rewards are based on Launchpool registration volume.
đąEnhanced rewards:
_Megadrop allows users to boost their rewards by completing tasks in Binance Web3 Wallet.
_Binance Launchpool does not allow users to do this.
đąReward distribution:
_Both Megadrop and Binance Launchpool distribute rewards to users' Binance Spot wallets.
đąProject type:
_Binance Megadrop only supports new tokens.
_Binance Launchpool supports both new and existing tokens.
#binance #tradinginsight #SHIB
JUST IN: Elon Musk says Tesla will enable $DOGE payments "at some point, Dogecoin to the moon."
congratulations Doge holder
0.3$/doge is coming
#hotTrends $BTC $BNB #memecoin #tradinginsight
congratulations Doge holder
0.3$/doge is coming
#hotTrends $BTC $BNB #memecoin #tradinginsight
Solana and Bitcoin Fight It Out, Ronin Wallet Update
Over the past 24 hours, the non-fungible token (NFT) market has recovered a bit, bringing a ray of light to the daily NFT news roundup.
Itâs up 11% in a day, at the time of writing, rising to $32,246,366.
Buyers and sellers are down about 1%, and transactions are up less than 1%, according to CryptoSlam.
Among the top 10 collections per sales volume, the dayâs best performers are LIGO BRC-20 NFT (+130%) and Dokyo (+29%).
Overall, Ordinals are in the first place by sales volume, with %1.49 million. CryptoPunks follows it with $1.36 million.
Daily NFT news: Bitcoin and Solana cross swords over the 2nd place among the top 10, Ronin unveils a major wallet upgrade, and Rario is set to close the current platform and launch a new one.
Bitcoin and Solana Duke It Out
Weâve recently seen Bitcoin and Solana crossing swords over the coveted second place in the top 10 blockchains per NFT sales volume.
Ethereum has been firmly holding the first place, and itâs still there. Though its volume is slightly down, it stands at $9.4 million, according to CryptoSlam.
But the second-place occupant has been shifting between two other popular chains. Just yesterday, Solana was there, and today, Bitcoin pushed it out. The latterâs higher increase in sales percentage-wise tipped the scale.
Bitcoin is up over 21% in the last day, with a current volume of $7.6 million. Very close by is Solana, at $7.42 million. Itâs up nearly 3% over the past 24 hours.
Source: cryptoslam.io
The fourth-placed Polygon, with a 65% increase, has a volume of $2.97 million.
The dayâs winners are Panini, with a whopping increase of over 1,500%, entering the top 10, and Ronin, with a 390% rise.
And speaking of RoninâŠ.
Ronin Reveals Wallet Upgrade
Ronin, an EVM blockchain crafted for developers building games with player-owned economies, announced a large upgrade to its official crypto wallet.
Sky Mavis, the company behind the popular play-to-earn NFT game Axie Infinity, is also behind the Ronin blockchain.
âThis is a chunky update which we will deploy in phases over the next 14 days,â the team said.
The existing wallets will remain accessible during this upgrade release.
Per the blog post, the team is releasing âa flurry of new featuresâ that will bring stronger security, multi-chain support (including Ethereum and other chains), an in-app browser, and more.
The new design will also allow users to see more NFT details, view individual token activity history, and receive Ronin, Axie, and Sky Mavis news.
Ronin Wallet will be able to connect to dapps like Uniswap, show NFTs on Ethereum and other supported chains, manage ERC-20 tokens on supported chains, send and receive crypto to supported chains, resolve usersâ RNS names to addresses on another blockchain, etc.
Rario Closes Existing NFT Product, Plans a New One
Rario, a cricket-focused NFT platform, has announced the closure of its current platform.
The team said it could not live up to the usersâ expectations due to the issues faced over the last half a year. These include the NFT sector crash, management failures, and new Web3 regulations creating industry headwinds.
Therefore, it has formed a new management team. But to make positive changes, they argued, theyâll have to sunset the current Rario product on January 29.
Wallet cash balances will be available for withdrawal until March 31.
That said, the platform has announced âa new and improved version of Rario.â In March, the team will launch a new platform with new cricket-based games.
However, the existing Rario cards will be unusable on the new gaming platform. The owners will get additional perks, with more details coming in February, the team said.
This has caused issues, with the platform acknowledging that âsomeâ users âhave experienced lossesâ from investment in these cards.
The team claims to be working with stakeholders on a compensation plan. More details should be available next week.
#nft #btc #solana #tradinginsight #binance
Itâs up 11% in a day, at the time of writing, rising to $32,246,366.
Buyers and sellers are down about 1%, and transactions are up less than 1%, according to CryptoSlam.
Among the top 10 collections per sales volume, the dayâs best performers are LIGO BRC-20 NFT (+130%) and Dokyo (+29%).
Overall, Ordinals are in the first place by sales volume, with %1.49 million. CryptoPunks follows it with $1.36 million.
Daily NFT news: Bitcoin and Solana cross swords over the 2nd place among the top 10, Ronin unveils a major wallet upgrade, and Rario is set to close the current platform and launch a new one.
Bitcoin and Solana Duke It Out
Weâve recently seen Bitcoin and Solana crossing swords over the coveted second place in the top 10 blockchains per NFT sales volume.
Ethereum has been firmly holding the first place, and itâs still there. Though its volume is slightly down, it stands at $9.4 million, according to CryptoSlam.
But the second-place occupant has been shifting between two other popular chains. Just yesterday, Solana was there, and today, Bitcoin pushed it out. The latterâs higher increase in sales percentage-wise tipped the scale.
Bitcoin is up over 21% in the last day, with a current volume of $7.6 million. Very close by is Solana, at $7.42 million. Itâs up nearly 3% over the past 24 hours.
Source: cryptoslam.io
The fourth-placed Polygon, with a 65% increase, has a volume of $2.97 million.
The dayâs winners are Panini, with a whopping increase of over 1,500%, entering the top 10, and Ronin, with a 390% rise.
And speaking of RoninâŠ.
Ronin Reveals Wallet Upgrade
Ronin, an EVM blockchain crafted for developers building games with player-owned economies, announced a large upgrade to its official crypto wallet.
Sky Mavis, the company behind the popular play-to-earn NFT game Axie Infinity, is also behind the Ronin blockchain.
âThis is a chunky update which we will deploy in phases over the next 14 days,â the team said.
The existing wallets will remain accessible during this upgrade release.
Per the blog post, the team is releasing âa flurry of new featuresâ that will bring stronger security, multi-chain support (including Ethereum and other chains), an in-app browser, and more.
The new design will also allow users to see more NFT details, view individual token activity history, and receive Ronin, Axie, and Sky Mavis news.
Ronin Wallet will be able to connect to dapps like Uniswap, show NFTs on Ethereum and other supported chains, manage ERC-20 tokens on supported chains, send and receive crypto to supported chains, resolve usersâ RNS names to addresses on another blockchain, etc.
Rario Closes Existing NFT Product, Plans a New One
Rario, a cricket-focused NFT platform, has announced the closure of its current platform.
The team said it could not live up to the usersâ expectations due to the issues faced over the last half a year. These include the NFT sector crash, management failures, and new Web3 regulations creating industry headwinds.
Therefore, it has formed a new management team. But to make positive changes, they argued, theyâll have to sunset the current Rario product on January 29.
Wallet cash balances will be available for withdrawal until March 31.
That said, the platform has announced âa new and improved version of Rario.â In March, the team will launch a new platform with new cricket-based games.
However, the existing Rario cards will be unusable on the new gaming platform. The owners will get additional perks, with more details coming in February, the team said.
This has caused issues, with the platform acknowledging that âsomeâ users âhave experienced lossesâ from investment in these cards.
The team claims to be working with stakeholders on a compensation plan. More details should be available next week.
#nft #btc #solana #tradinginsight #binance