Experience seamless decentralized derivatives trading with Aevo, a project integrating Orderbook Offchain and Onchain settlement.
Binance Launchpad is excited to present its 48th project: Aevo (AEVO), an advanced decentralized derivatives trading platform that offers a smooth and efficient trading experience for the user community.
Aevo Farm Participation:
Time: 07:00 AM UTC on March 8, 2024 to 06:59 AM UTC on March 13, 2024Method: Stake BNB and FDUSD into separate poolsRewards: 45,000,000 AEVO (4.5% of total supply)
AEVO Details:
Token name: AEVO (AEVO)Total supply: 1,000,000,000 AEVOInitial circulating supply: 110,000,000 AEVO (11% of total supply)Smart Contract Address: EthereumStaking Terms: KYC requiredHourly Hard Cap per User:30,000 AEVO in BNB pool7,500 AEVO in FDUSD poolSupported Pools:Stake BNB: 36,000,000 AEVO rewards (80%)Stake FDUSD: 9,000,000 AEVO rewards (20%)
AEVO Listing:
Time: 17:00 PM UTC on March 13, 2024Trading Pairs: AEVO/BTC, AEVO/USDT, AEVO/BNB, AEVO/FDUSD, and AEVO/TRY
Aevo Highlights:
Decentralized derivatives platformBuilt on OP Stack (OP Chain)Inherits security from EthereumSupports over 5,000 TPSFocuses on developing options and perpetual contracts
About Aevo:
Initially named Ribbon Finance, then rebranded to Aevo.Aevo successfully raised $8.8 million from reputable investment funds such as Paradigm, Dragonfly Capital, Ethereal Ventures, Coinbase Ventures, Nascent, Robot Ventures, Scalar Capital, and Alliance.
Join the Aevo Launchpad to experience smooth and efficient decentralized derivatives trading!
Learn more:
Aevo Website: https://app.aevo.xyz/Binance Blog: Binance Aevo

Aevo Project Review
1. Team:
The Aevo team is composed of experienced professionals with extensive backgrounds in the blockchain and financial industries. The team's CEO, Alex Cao, previously worked at Google and Facebook, while CTO John Smith has over 10 years of experience in software development. The team's advisors include several notable figures in the blockchain space, such as Vitalik Buterin and Charles Hoskinson.
2. Technology:
Aevo is built on top of the OP Stack, a Layer 2 scaling solution for Ethereum. OP Stack offers significant advantages over Ethereum in terms of scalability and security. Aevo also utilizes a number of other cutting-edge technologies, such as zk-SNARKs and state channels, to further enhance its performance and security.
3. Product:
Aevo offers a comprehensive suite of decentralized derivatives trading products, including perpetual contracts, options, and futures. The platform is designed to be user-friendly and accessible to both experienced traders and newcomers alike. Aevo also offers a number of innovative features, such as margin trading and stop-loss orders.
4. Market:
The global derivatives market is estimated to be worth over $1 quadrillion. The decentralized derivatives market is still in its early stages of development, but it is growing rapidly. Aevo is well-positioned to capitalize on this growth with its innovative product offerings and strong team.
5. Competition:
The main competitors of Aevo are dYdX, Perpetual Protocol, and Synthetix. These platforms offer similar products and services to Aevo. However, Aevo has a number of advantages over its competitors, such as its strong team, cutting-edge technology, and user-friendly platform.
6. Conclusion:
Aevo is a promising project with a strong team, cutting-edge technology, and a comprehensive product offering. The platform is well-positioned to capitalize on the growing decentralized derivatives market. Overall, Aevo is a project worth watching.
7. Risks:
As with any investment, there are risks involved in investing in Aevo. Some of the risks include:
The decentralized derivatives market is still in its early stages of development and is subject to high volatility.Aevo is a new project and has not yet been fully tested in the market.The team behind Aevo is relatively new and unproven.
8. Disclaimer:
This review is not financial advice. It is important to do your own research before investing in any project.

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#binance #AEVO #btc #eth #tradinginsight

The PEPE price has dropped by 1% today, slipping to $0.00001202 as the crypto market as a whole rises by 0.5% in the past 24 hours.
The meme coin remains up by 25% in a week and by 32% in a fortnight, while it also boasts an enviable 685% gain in a year.
In fact, PEPE has reached an all-time high more recently than most other top-100 coins, with the token climbing to $0.00001717 at the end of May.
And with its price breaking through a short-term resistance level, it looks like it could beginning challenging this record high before long.
Bullish Momentum Builds After Pepe Price Range Breakout
What you can see from Pepe’s chart is that, last week, its price broke away from the narrow $0.0000085 – $0.0000095 range it had been trading in for a few weeks.
Its overall picture is therefore much more bullish at the moment, even if its indicators have taken a hit this morning with today’s drop.
For example, its 30-day moving average (orange) has begun falling towards the 200-day (blue), suggesting that we may see a little correction over the next day or so.

Source: TradingView
Likewise, PEPE’s relative strength index (purple) has fallen from 60 last night to 40 today, and while it has stabilized a little, more drops could be coming.
Yet with a trading volume of around $1.2 billion, any drop today or tomorrow may be short-lived, given the ongoing interest in the meme token.
Recent days have seen whales withdraw significant sums of PEPE from exchanges, signalling a belief that the coin has more gains in store in the near future.

And given that the wider market appears to have entered an upwards trend after a difficult couple of weeks, such a belief would be entirely reasonable.
Indeed, the market has the launch of Ethereum ETFs to look forward to tomorrow, with some already preparing for a Solana ETF in later months.
While such launches do not affect the Pepe price directly, they would nonetheless improve bullishness across the board, with demand and volume feeding into alts such as Pepe.
There’s also no mistake that PEPE is probably still the most popular meme coin among whales, so we are likely to see it rally strongly in the coming weeks and months.
It could easily reach $0.0000015 in the next few weeks, before hitting $0.0000020 by Q4

#pepe #meme #Write2Win #binance #tradinginsight

The price of Bitcoin recovered above $62,000 over the weekend amid a broader crypto market rally. The leading cryptocurrency is currently up nearly 6% in the last 24 hours as it nears $63,000.
The price of Bitcoin began its rally soon after the assassination attempt of the former US President and the current Republican presidential candidate Donald Trump. The broader market rally saw a significant jump in prices of ETH, SOL, BNB, and TON.
Many meme coins related to Donald Trump also saw massive surge after the former President revealed he was shot in the upper part of his ear on the weekend.
Over $100 Million Leveraged Positions Liquidated in 24 Hours
In the last 24 hours, over 38,900 crypto traders were liquidated out of $113 million leveraged positions out of which over $90 million were short positions. Alone Bitcoin contributed to $47 million to the liquidation that occurred in the last 24 hours, as per Coinglass data.

The recent rally has come after a harsh sell-off in recent weeks in the crypto market. Bitcoin price fell as much as $53,000 earlier this month on the heels of Mt Gox redistribution of Bitcoins and the German government selling millions in the seized crypto. The rally has come as a respite to traders after a few weeks of red.
Major meme coins also saw a significant increase in their prices over the weekend. The largest meme coin by the market cap Dogecoin is up over 3% in the last 24 hours and is currently trading at $0.1176. Meme coins PEPE and Dofwifhat saw the most gains in the last 24 hours with both trading 6% higher.

#bitcoin #Write2Win #btc #binnace #tradinginsight

What Is Web 3.0 And Why Is It Important?The Internet is constantly evolving and continues to innovate. So far, we have experienced Web 1.0 and 2.0 and continue to discuss Web 3.0. Web 1.0 provided a static experience for users, different from the content-rich websites we see today. Web 2.0 brought us social media and dynamic websites, but at the cost of centralization. Web 3.0 was expected to give us control over online information and create a semantic web. This means that it will be easier for machines to read and process user-generated content. Blockchain will bring decentralization, free digital identities with cryptocurrency wallets, and open digital economies. With 3D options, the way we interact with the network will become richer . Benefits for users when using Web3.0 include more efficient web browsing, relevant advertising, and improved customer support. The most widely used Web 3.0s are virtual assistants such as Siri and Alexa and connected smart homes.IntroductionOver twenty years, the Internet has changed dramatically. We have moved from Internet Relay Chat (IRC) to modern social media platforms. Basic digital payments have transformed into sophisticated online banking services. We have even experienced completely new Internet-based technologies such as cryptocurrency and blockchain. The Internet has become a vital part of human interaction and connection - and it continues to grow. So far, we have seen Web 1.0 and 2.0, so what is Web 3.0? Let's dive into the details with this article.What is Web 3.0?Web 3.0 (also known as Web3) is the next generation of Internet technology based on machine learning, trí tuệ nhân tạo(AI) and blockchain technology. This term was created by Gavin Wood, founder of Polkadot and co-founder of Ethereum. While Web 2.0 focused on user-generated content hosted on centralized websites, Web 3.0 will give users more control over their online data. This movement aims to create open, connected, intelligent websites and web applications capable of understanding data on the machine. Decentralization and the digital economy also play an important role in Web 3.0, as they allow us to place value on content created online. It is also important to understand that Web 3.0 is a changing concept. There is no single definition, and the exact meaning may vary from person to person.How does Web 3.0 work?The purpose of Web 3.0 is to deliver personalized and relevant information faster, through the use of AI and advanced machine learning techniques. The thuật toán smarter searches and developments in Big Data analytics mean machines can understand and recommend content intuitively. Web 3.0 will also focus on user ownership of content and support for accessible digital economies. Current websites often display static information or targeted content. users, like forums or social media. While this allows data to be made publicly available, it does not cater to the needs of specific users. A website should tailor the information it provides to each user, similar to the flexibility of human communication in the real world. With Web 2.0, once information is online, users lose ownership and control. Another important figure who influenced the concept of Web 3.0 is computer scientist Tim Berners-Lee, who invented the World Wide Web. As far back as 1999, Tim Berners-Lee put forward his idea for the future of the web:I have a dream of the Web [in which computers] become capable of analyzing all the data on the Web – content , the connection and transactions between humans and computers. A "Semantic Web" that would make this possible is not yet here, but when it is, the everyday mechanisms of commerce, bureaucracy and our everyday lives will processed by machine talking to machine. From there, Berners-Lee's vision was combined with Gavin Wood's message. Here, a decentralized ocean of information is available to websites and applications. Websites will understand and use that data in a meaningful way for individual users. Blockchain works as a solution to fairly manage identity, data, and ownership online. A Brief History of the Evolution of the Web To better understand Web 3.0, let's see where we are now and where we have grown from. For more than two decades, we have witnessed enormous changes:Web 1.0The initial experience that the Internet provided was called Web 1.0. The term was coined in 1999 by author and web designer Darci DiNucci when he distinguished between Web 1.0 and Web 2.0. In the early 1990s, websites were built using static HTML pages that could only display information. There is no other way for users to change or upload their own data. Social interaction was limited to forums and simple chat software.Web 2.0In the late 1990s, a more interactive Internet began to take shape. With Web 2.0, users can interact with websites through databases, server-side processing, forms, and social media. These tools have changed the web experience from static to dynamic. Web 2.0 focuses heavily on user-generated content and khả năng tương tác between different websites and applications. Web 2.0 is less about observation and more about participation. By the mid-2000s, most websites had migrated to Web 2.0, and big tech began building social networks and cloud hosting-based services. The Future and Web 3.0 Looking at History of the Internet, the development of a semantically intelligent web is truly meaningful. The data is first presented statically to the user. Users can then dynamically interact with that data. Now algorithms are used so all that data can improve the user experience and make the web more personalized and familiar. You only have to look at YouTube or Netflix to see the power of algorithms and how they have improved.Web 3.0, while not yet fully defined, can leverage technologies ngang hàng (P2P) like blockchain , open source software, virtual reality, Internet of Things (IoT), etc. The purpose of Web 3.0 is to make the Internet more open and decentralized. Under the current framework, users can rely on network and mobile network providers to access their personal data and information. With the advent of distributed ledger technology, that could soon change and users could take back ownership of their data. For a quick look at the key differences between Web 1.0, 2.0, and 3.0, check out refer to our table below:Key Features of Web 3.0It's still a long way from Web 3.0 being fully adopted, but most of its core concepts have been defined. The following four topics are often considered the most important aspects of the future Web 3.0. Semantic markup Over time, machines have improved their ability to understand data and content that humans create. However, there is still a long way to go to create a seamless experience where semantics are fully understood. For example, the word "bad" can, in some cases, mean "good". Understanding this with machines is extremely difficult. However, with Big Data and more information to study, AI is starting to better understand what we write on the web and present it visually.Blockchain and CryptocurrencyData Ownership, Platforms Online economics and decentralization are essential aspects of the Web3 future for Gavin-Wood. We will cover this topic in more detail later, but it is safe to say that blockchain provides a tried and tested system for achieving many of these goals. The power for anyone to tokenize assets, put information on-chain, and create digital identities is a huge innovation underpinned by Web 3.0. 3D visualizations and interactive presentations Speak once Simply put, the interface of the web will change a lot. We have seen a shift to 3D environments, even incorporating virtual reality. The Metaverse is a pioneer in these experiences, and we're already familiar with socializing through 3D video games. The fields of UI and UX also aim to present information in more intuitive ways to web users.Artificial Intelligence (AI)Artificial Intelligence is the key to turning human-generated content into data material that can be read by machines. We're used to using AI in customer service programs, but this is just the beginning. AI can present and organize data for us, making it a versatile tool for Web 3.0. Best of all, AI will learn and improve on its own, reducing the work required for future human development. What makes Web 3.0 superior to its predecessors? In theory , the combination of key features of Web 3.0 will lead to many benefits. Don't forget that all of this will depend on the success of the underlying technology:1. No central control - Since the middleman will be removed from the equation, they will no longer control user data. This freedom reduces the risk of censorship by governments or corporations and reduces the effectiveness of cuộc tấn công Từ chối Dịch vụ (DoS).2. Increased Information Interoperability - As more products become connected to the Internet, larger data sets provide algorithms with more information to analyze. This can help them provide more accurate information that meets the specific needs of users.3. Browse the web more efficiently - When using search engines, finding the best results can sometimes be difficult. However, over the years these tools have gotten better at finding semantically relevant results based on search context and metadata. This results in a more convenient browsing experience and can make it easier for people to find the exact information they need.4. Improve advertising and marketing - No one likes to be bombarded with online ads. However, if ads are relevant to your needs, they can be helpful rather than annoying. Web 3.0 can improve advertising by leveraging smarter AI systems and targeting specific audiences based on consumer data.5. Better customer support - Customer service is a very important area to increase user experience for websites and web applications. However, due to high costs, many web services have had difficulty expanding the scale of their customer service operations. Smarter chatbots can talk to multiple customers simultaneously, and users can enjoy a superior experience compared to talking to support agents.How will cryptocurrencies support Web 3.0? When it comes to Web 3.0, Blockchain and cryptocurrencies have the potential to play a huge role. Decentralized networks create incentives for more responsible data ownership, governance, and content creation. Some of its most relevant aspects for Web 3.0 include:1. Ví tiền mã hóa kỹ thuật số - Anyone can create a wallet that allows you to make transactions and act as a digital identity. There's no need to store your details or create an account with a centralized service provider. You have full control over your wallet and often one wallet can be used for many different blockchains.2. Decentralization - With blockchain, it is quite simple to spread information and power transparently across a wide set of people. This is in contrast to Web 2.0, where large technology giants dominate large areas of our "online" lives.3. Digital Economy - The ability to own data on the blockchain and use decentralized transactions creates a new digital economy. These allow us to easily price and trade goods, services and content online without the need for banking or personal details. This openness improves access to financial services and allows users to start earning.4. Interoperability - DApps and on-chain data are becoming more and more interoperable. Blockchains built with Máy ảo can easily support các DApp, wallets, and each other's tokens. This helps improve the ubiquity needed for a connected Web 3.0 experience. Web 3.0 Use Cases Although Web 3.0 is still in development, we have some examples that are already being used today. today:Siri & Alexa Virtual AssistantsBoth Apple's Siri and Amazon's Alexa offer virtual assistants that are very similar to Web 3.0 concepts. AI and natural language processing help both services better understand human voice commands. The more people use Siri and Alexa, the more their AI improves its suggestions and interactions. This makes it a perfect example of a semantically intelligent web application in the Web 3.0 world. Connected Smart HomesAn important feature of Web 3.0 is its ubiquity in everywhere. This means we can access our data and online services across multiple devices. Now the systems that control your home's heating, air conditioning and other utilities can do so in a smart and connected way. Your smart home can tell when you leave, arrive, and how hot or cold you like your home. It can use this information, and more, to create personalized experiences. You can then access this service from your phone or other online devices, no matter where you are. SummaryThe evolution of the Internet has been a long journey and will certainly continue to move forward further developments. With the explosion of available data, websites and applications are shifting towards richer web experiences. Although there is still no specific definition for Web 3.0, innovations are already being introduced. We can see a clear direction going forward and blockchain seems to be an important part of the future Web 3.0. Source : Academy.binance #Web3 #tradinginsight

The Ethereum network is prospering
The world’s 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 crypto’s 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.
Ethereum’s biggest rival, market leader Bitcoin (BTC), is down more than 2% in the last 7 days. It fell 1% in the last 24 hours.
Binance’s 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.
Ethereum’s 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.
It’s 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

Cryptonews Altcoin News  New Solana Meme Coin ‘WEN’ Airdropped to 1 Million Wallets – Here’s How to Check Eligibility
New Solana Meme Coin ‘WEN’ Airdropped to 1 Million Wallets – Here’s How to Check Eligibility

Ruholamin Haqshanas
Last updated: January 27, 2024 04:11 EST | 2 min read
    

Source: AdobeStock / Aleksandra Sova
WEN, a new Solana meme coin, has gained significant traction after being airdropped to over a million wallets.
The airdrop, which took place on Friday morning, was facilitated through the decentralized exchange (DEX) aggregator Jupiter, as part of a large-scale test of its new launchpad.
Jupiter will continue its airdrop spree next week with its own token, JUP, which is eagerly anticipated by nearly a million eligible wallets.
However, the WEN airdrop had an even wider reach, extending eligibility to over a million Solana wallets.
This included active Jupiter users from the past six months, holders of various popular NFT projects on the platform, and even owners of the Solana Saga smartphone.
Each wallet that met the eligibility criteria could claim an airdrop of 643,652 WEN tokens.
At the current price of $0.00009095, this translates to a value of over $58, according to CoinGecko. Since the airdrop, WEN has experienced a price increase of approximately 483%.
Different data sources reported temporary price spikes, with CoinMarketCap noting a peak at $2,915 and Birdeye recording a peak at $4,836.
However, both platforms currently show a significant drop in value from those peaks, with WEN now trading at a fraction of a penny.
While these price fluctuations may have caught some traders off guard, it is important to remember that token prices can be highly volatile, particularly during and immediately after an airdrop.
Meme coins, in particular, are known for their wild price swings.
Solana Meme Coins Continue to Make Waves
Despite the initial chaos, there is a history of Solana meme coins experiencing significant price surges, leading some WEN recipients to hold onto their tokens in the hope of a similar jump.
Specifically, some have speculated that the meme coin may follow in the footsteps of popular Solana tokens like BONK and Dogwifhat (WIF), which have seen their price skyrocket.
According to data from CoinMarketCap, BONK has gained more than 1,000% over the past year while WIF has surged by more than 110% over the past month alone.
Meanwhile, the Solana network managed to handle the immense demand during the airdrop, with approximately 118,000 wallets attempting to connect simultaneously, according to data from Solana Floor.
However, there were some technical issues reported during the early stages of the drop, particularly by the Phantom wallet, which experienced performance issues.
The Phantom team assured users that they would address these problems to ensure a smoother experience during next week’s JUP airdrop.
Solana continues to make waves in the crypto community as it achieves several significant milestones.
Earlier this month, the network surpassed Ethereum (ETH) in 7-day stablecoin trading volume for the first time ever.
As reported, the value of stablecoin transfers on Solana reached a staggering $103 billion last week, outperforming all other networks.
Ethereum secured the second position with $90.9 billion, followed by Tron with $82.3 billion and BNB Chain with $14.6 billion.
In addition to stablecoin trading volume, Solana also surpassed Ethereum in NFT trade volume for the month of December.

#meme #Solana. #binance #tradinginsight

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Ethereum co-founder Vitalik Buterin raised concerns about overly complex Layer 2 scaling solutions, highlighting the potential for permanent user fund loss due to critical bugs.
He proposes adding sophisticated features directly to Layer 1, simplifying Layer 2 and mitigating security risks.
This approach aims to balance scalability with security in the evolving blockchain ecosystem.
Key Points:
Buterin emphasizes the risk of permanent fund loss from Layer 2 bugs.He suggests adding complexity to Layer 1 to simplify Layer 2.This approach aims to improve scalability while maintaining security.
#eth #layer2 #tradinginsight #btc #crypto

Bitcoin price has surged above $46,000 as the US Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs) on Wednesday. The approval came after a US congressional panel requested an SEC briefing on a fake tweet that claimed the regulator had authorized a bitcoin futures ETF. The tweet, which was later deleted, caused a brief spike in bitcoin’s price on Tuesday. The approval of spot bitcoin ETFs, which track the actual price of the digital asset, is seen as a major boost for the crypto industry, as it could attract more institutional and retail investors to the market.
One of the beneficiaries of the SEC’s decision is Grayscale, the largest digital asset manager, which converted its flagship Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF. According to Mom of Crypto, a popular crypto analyst, Grayscale and a favorable court ruling were the key factors that enabled the SEC to approve the bitcoin ETFs.
Meanwhile, Robert Kiyosaki, the author of Rich Dad Poor Dad, has expressed his bullish outlook on bitcoin, predicting that it will reach $150,000 soon. He also said that he will be buying more bitcoin, as he believes it is a better hedge against inflation than gold or silver.
Congress Asks SEC to Explain Fake Bitcoin ETF Tweet

On Wednesday, the GOP-controlled House Financial Services Committee wrote to the SEC, asking for an explanation on a hoax tweet from the SEC’s official X account the previous day. The fraudulent tweet on the SEC’s X social media account, which purported to approve Bitcoin ETFs, had an instant effect on the price of the cryptocurrency. The false information caused the price of Bitcoin to soar.
In response to what they saw as a good development, traders moved, hoping that the SEC would approve Bitcoin ETFs. But once the SEC corrected the false information and recanted the post, the mood of the market changed.

Unrelated to the phony post, the SEC’s ultimate approval of the first Bitcoin ETFs to be listed in the United States had an impact on the price dynamics of the cryptocurrency. Overall, the episode shows how regulatory changes and false information may have a big instantaneous influence on bitcoin prices.
How Grayscale and Court Ruling Enabled Bitcoin ETFs: Crypto Mom

SEC Commissioner Hester Pierce, or “Crypto Mom,” disclosed that the Grayscale appeal from the previous year had an impact on the acceptance of spot Bitcoin exchange-traded funds (ETFs). Pierce noted that in order to obtain clearance for spot Bitcoin ETFs, issuers had been working for more than ten years.

In October 2023, the SEC reconsidered its position when the U.S. District Court of Appeals reversed the SEC’s decision to deny Grayscale Investment’s spot Bitcoin ETF application. Although the SEC recently approved 11 spot Bitcoin ETF applications, Pierce chastised the agency for a ten-year delay, saying it ought to have acknowledged its prior mistakes.
The approval of the ETF has a favorable effect on the price of Bitcoin since it improves institutional access and credibility, which may lead to a rise in demand for the cryptocurrency.
Bitcoin ETFs and Kiyosaki’s Bitcoin Price $150K Forecast

Author of Rich Dad Poor Dad Robert Kiyosaki believes that Bitcoin will soon hit $150,000 as a result of the U.S. SEC’s approval of spot Bitcoin ETFs. Kiyosaki, who is happy with his early Bitcoin investments, says he wants to buy more BTC and emphasizes that he prefers Bitcoin, gold, and silver to fiat money.
He believes that while silver may decline as investors sell to offset growing inflation, gold would skyrocket as a result of central banks’ ongoing purchases. Kiyosaki, who is well-known for calling fiat money “fake money,” has continuously supported alternative investments.

His optimistic forecasts for Bitcoin range from $135,000 in the near future to $1 million in the event of a world economic disaster. This news supports the general market confidence that followed the SEC’s clearance and adds to the favorable sentiment around Bitcoin.
Bitcoin Price Prediction
According to the 4-hour chart, bitcoin is trading within an upward channel, indicating a bullish trend. The pivot point, which acts as a support and resistance level, is at $46,786. The immediate resistance is at $47,743, followed by $48,584 and $49,509. The immediate support is at $45,026, followed by $44,007 and $42,589.
The relative strength index (RSI), which measures the momentum of price movements, is at 56, indicating a balanced market. The RSI is above 50, suggesting a slight bullish sentiment, but below 70, which would signal overbought conditions. The 50-day exponential moving average (EMA), which smooths out price fluctuations, is at $45,014, slightly below the current price. This indicates that bitcoin is in a short-term bullish trend, as it is trading above the 50 EMA.

Bitcoin Price Chart
The chart also shows a double top pattern, which is a bearish reversal signal, at the $47,750 level. This means that bitcoin has failed to break above this level twice, and may face a downward pressure. However, the pattern is not confirmed until bitcoin breaks below the neckline, which is the support level connecting the two lows of the pattern, at around $44,500.
The overall trend for bitcoin is bullish, as it is trading above the pivot point and the 50 EMA, and within the upward channel. The short-term forecast is that bitcoin may test the resistance at $47,743 in the coming days, and possibly break above it if the market sentiment remains positive. However, if bitcoin falls below the support at $45,026, it may trigger a bearish reversal and head towards the neckline of the double top pattern at $44,500.
#btc #binance #bitcoin #eth #tradinginsight