‼️Big Alert‼️ Be careful guys, such pumps are usually a tra | Big dog127 on Binance Square

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‼️Big Alert‼️
Be careful guys, such pumps are usually a trap for shaky minds. Keep your money safe and invest wisely 🥂🙃
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Dogecoin (DOGE) Price Surges Amid XRP Gains and SEC Grayscale ETF Filings On Friday, Dogecoin's price rose by 3%, surpassing the $0.28 mark for the first time in ten days. This uptick is part of a notable weekly gain of 17%, driven by increased interest in ETFs after the U.S. Securities and Exchange Commission (SEC) acknowledged Grayscale's applications for XRP and Dogecoin ETFs. As short traders settled their positions, Dogecoin's open interest fell by $60 million over the past 48 hours, now totaling $2.42 billion. Technical indicators suggest that DOGE may enter another rally in the coming days. Recent changes in the presidential administration have contributed to Dogecoin's upward momentum, with heightened media attention following Elon Musk's involvement in Donald Trump's government and the establishment of the Department of Government Efficiency (D.O.G.E.). The SEC's acknowledgment of Grayscale's filings has further strengthened positive market sentiment, hinting at a potential shift in the agency's stance on altcoin-related ETFs, especially considering similar submissions were previously rejected under former Chair Gary Gensler. Currently, Dogecoin's market capitalization stands at $41.4 billion, reflecting increased investor interest and speculation influenced by ETF developments. Despite the promising gains in the spot market, the derivatives market suggests even greater upward potential for DOGE.

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Analysts predict that Solana could reach $500 soon. Currently, this would require a rise of over 115% by February 2025. While such rapid growth is possible, it depends on several factors, including significant buying volume, a sustained positive market sentiment, and strong fundamentals. A more likely scenario is that Solana will consolidate between $200 and $280 in the near term, with the potential to break out later in the year. A decisive move above $280 could pave the way for further increases. Looking ahead to 2025 and beyond, several factors may support Solana's growth, particularly the potential approval of a spot Solana exchange-traded fund (ETF) in the U.S. This would enhance accessibility for a broader range of investors, potentially injecting up to $6 billion into the Solana ecosystem and significantly boosting its market value.

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Pi Network's Open Network Transition: Opportunities and Controversies The upcoming Open Network phase of Pi Network will enable its blockchain to connect with external databases, allowing users, known as Pioneers, to transact beyond the Pi ecosystem and enhancing real-world applications. Pi Network's ecosystem includes utility-based apps, a social network for cryptocurrency users, and a blockchain designed for seamless transactions. Once the firewall is lifted, anyone can operate a node on the mainnet blockchain. However, the Pi Core Team will prioritize experienced users, inviting them to transition their nodes from the testnet to the mainnet. The desktop node interface will facilitate this process for users with high reliability ratings and consistent contributions, and node rankings will be made public. Nicolas Kokkalis, Pi Network's co-founder and Head of Technology, emphasized the platform's accessibility, allowing users to mine cryptocurrencies for free on their mobile devices and bringing crypto to millions worldwide. He noted that the blockchain offers unique identity verification for individuals and businesses, enabling smooth interactions with verified users and other applications. Despite its ambitious goals, Pi Network remains a controversial topic in the cryptocurrency community. Critics argue that its model resembles a multi-level marketing scheme rather than a genuine blockchain project, leading major exchanges to hesitate in listing the token. Recently, Bybit CEO Ben Zhou declined requests to trade the Pi Network token, citing his previous experiences in forex trading as the basis for his decision. Additionally, crypto writer Wu Blockchain has pointed out that some exchanges are distancing themselves from the initiative.

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BNB Chain Sees Record Activity on February 13 According to Nansen's statistics, a surge in memecoin activity on the BNB Chain on February 13 led to its highest level of activity, surpassing Solana in transaction fees. The BNB Chain generated over $5.8 million in fees, compared to Solana's approximately $3.3 million. Tron followed with about $1.7 million, while Ethereum recorded $1.1 million, with Tron's fees closely matching Ethereum's. Additionally, Artemis reported that the BNB Chain experienced a rise in daily active addresses, reaching 1.7 million, and daily transactions increased to 8.5 million. A significant portion of this activity was driven by PancakeSwap, a decentralized exchange primarily operating on the BNB Chain. The frenzy was sparked by CZ sharing a photo and story about his dog, Broccoli, on X, igniting excitement around memecoins on the BNB Chain.

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Bitcoin Market Performance Overview Bitcoin has struggled to regain momentum after falling below $100,000 earlier this month. Currently, its price is just over $96,000, following a week of stagnation below this six-digit mark. Impact of Liquidating Late Longs Despite the lack of significant price movement, Bitcoin continues to capture the interest of market analysts. Amr Taha, a writer for CryptoQuant, recently discussed a notable trend in his article, "Late Buyer’s Liquidation Events Happened 3 Times Under 98K," which examines the impact of long position liquidations on market dynamics. Taha defines "late longs" as traders who enter the market after substantial price surges, often driven by fear of missing out (FOMO). These high-leverage positions are particularly vulnerable to price corrections, especially when they cluster near local peaks. Liquidating these positions serves two key purposes: it reduces market open interest by eliminating excessive leverage and balances trading activity. Additionally, such liquidation events can create opportunities for seasoned traders to reposition themselves for potential price increases following forced selling. Current Market Status Bitcoin has increased by 1.3% in the last day, reaching $96,725. However, both weekly and monthly performance indicators remain negative. Despite today's price uptick, daily trading volume has declined significantly, dropping from over $50 billion last Friday to $24.7 billion now.

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