#IO is facing continues decline after gaining around 100% of it's listing price. Now it has falled to it's listing price. The big question is Will it rise from here or it may drop more?
As per the current crypto market trend, it may drop more or may fall to 2 or less. If $BTC rise and continue rising then only chance of IO recovery.
Many of the new listed tokens on binance showing the same pattern. Rise and fall to their listing price or less. This is not a good sign for crypto market and binance too. It makes new #cryptocurrencies for short term profit machine not for long term bull.
Nowadays I am seeing that Binance is listing new tokens very quickly. This is the reason why even good tokens are not able to move.
Short term traders invest more in new tokens because volatility is more in new tokens and the chance of making more profit in a short time is very high, so traders also withdraw their money from good tokens or coins and invest in these newly listed tokens which give them a chance to earn profit quickly.
I could get more benefits in less time. I appeal to Binance to reduce the frequency of listing new tokens so that the old tokens and coins can continue their growth.
I have posted about #high about a week ago that this token is going to hell slowly and consistantly. Many were saying and trolling my analysis. They were hoping that #high will come back to it's previous price or even higher.
Now Its going down nd down like a loser. It could be delisted too ifthe similar drop behavioir will be continued.
🔥🔥Secret Reasons for the Recent Crypto Market Dump🔥🔥
The #cryptocurrency market experienced a sharp downturn, with #Bitcoin dropping from $70,000 to near $64,000 overnight. This decline impacted altcoins, which fell by 15%-40%.
Here are the key reasons behind this sudden market dip:
🪙 1. Miner Capitulation
Lower Miner Revenues: Miner revenues have decreased by 55%, forcing miners to sell more Bitcoin to cover costs.Increased Transfers to Exchanges: More Bitcoin is being moved from miners' wallets to exchanges, indicating increased selling activity and driving prices down.
IssuanceStablecoin Market Stagnation: There's been no new issuance of stablecoins like USDT and USDC, meaning less new money is entering the crypto market. This reduces liquidity and increases price volatility.
📉 3. Outflows from #ETF Funds
Significant Withdrawals: Major ETFs like Fidelity and Grayscale are experiencing significant outflows. For instance, Fidelity saw an outflow of over 1,384 #BTC on June 17th, adding selling pressure to the market.
😟 4. Fear Among Short-Term Investors
Investor Anxiety: Short-term investors (holding Bitcoin for less than 155 days) are selling off due to these pressures, fearing further price drops.
📊 5. Spent Output Age Bands (%)
Selling Pressure from Older Coins: 40% of the Bitcoins being sent are from the 3-6 month holding range, 20% from the 6-12 month range, with the remaining portion mixed. These transactions contribute to the selling pressure.
These factors combined to create a perfect storm, leading to the significant market drop.
🔥🔥Hold Steady: Why You Shouldn’t Sell Your Cryptocurrencies in a Bearish Market ❗️❗️❗️
📈 READ IT CAREFULLY📈
The cryptocurrency market is well known for its volatility, with prices swinging dramatically in short periods.
During a bearish market, fear and uncertainty can drive many investors to sell their assets. However, selling during a downturn might not be the best strategy.
Here’s why holding onto your cryptocurrencies through a bearish market could be the wisest decision you’ll ever make.
1. 📉 You Haven't Lost Until You Sell
One of the fundamental principles of investing is that a loss isn't realized until you sell. Market downturns are a natural part of the crypto lifecycle, and history shows that the market often recovers. By holding onto your assets, you're positioned to benefit from the eventual upswing. Remember, patience is key.
2. 💪 The Power of HODLing
The term "HODL" (Hold On for Dear Life) has become a rallying cry within the crypto community. It’s a reminder to resist the urge to sell during market dips. Many of the most successful crypto investors are those who have weathered multiple market cycles, holding through the bad times to reap the rewards during the good times.
3. 🚫 Avoid Panic Selling
Panic selling during a bearish market can lock in your losses. Emotional decisions often lead to regret. Instead of selling, take a step back and reassess your long-term goals.
4. 🛍️ Opportunities in a Bear Market
Bear markets can present unique opportunities. While prices are low, it’s a chance to accumulate more of your favorite cryptocurrencies at a discount. Historically, those who invest during bearish periods often see significant gains when the market recovers.
5. 🔍 Focus on Fundamentals
During market downturns, it’s crucial to focus on the fundamentals of the projects you’ve invested in. If the underlying technology and team are strong, the project is more likely to weather the storm and emerge stronger.
By holding steady and not succumbing to panic, you will be in profit always
From $9.7 to $1.9, $HIGH is Bleeding Continuesly. 😰😰😰
Is there any hope of breakout? 🤔🤔🤔
#High is bleeding and dropped from top to bottom in just one week. Those who are still holding may suffer more loss if crypto market continue the selling momentum.
Few people message me that they are still holding High for a hope of price up.
In current situation, the only hope is crypto market stablity.
In the past 24 hours, a lot of #traders (193,241) have liquidated due to sudden price changes, totaling $482.96 million in losses.
⚠️ Caution: Large Trader Manipulation
Be very careful in the market right now! Big traders, also known as "whales," are using tricks to make money, which can cause small traders to lose money. Here are some of the tactics they use:
📈 Pump and Dump:
Whales push prices up to attract buyers, then sell off quickly, causing prices to crash.
💼 Spoofing:
They place big orders to fake a market direction, then cancel those orders before they go through.
🔄 Wash Trading:
Whales trade with themselves to make it look like there's more activity than there really is.
Note- Stay alert and informed to protect yourself in these tricky market conditions!
In less than half a month, many #investors have lost almost half of their investments. Given this situation, who can confidently claim that #cryptocurrencies can replace fiat money to avoid #inflation ?
The #crypto_market is inundated with new cryptocurrencies, while older coins continue to lose value. Where does the money lost by investors go?
The decline is so rapid that people must constantly monitor their screens to avoid losing everything 📉.
I believe that measures should be implemented to restore and maintain investor confidence in cryptocurrencies. If the current situation persists, no one will dare to invest in cryptocurrencies in the future. While I understand that these coins are inherently risky, there must be elements investors can trust.
I am skeptical about the recovery of these coins as well. Therefore, I urge #Binance to adopt a more comprehensive approach in listing cryptocurrencies. Careful selection is crucial to ensure this market remains a beacon of hope for everyone 🌟.
In last 24 hours, #io faced a selling pressure and dropped more than 25-30℅ from 5.8 to 4.3. Investors who have long trades are curious about the price drop.
🔥The possible reason of price drop
There is a new launched token $ZK on the binance due to this, short term traders closed their positions from IO to make quick profit due to high volatility and volume will be there in the new launched token ZK.
This will not effect the long term price of $IO .
Dont worry☺☺☺
Follow me for latest updates🤑🤑🤑
Disclaimer - Cryptocurrencies are highly volatile and uncertain about the quick price changes so do your own research before investing.
The #ZK token is the native utility and governance token of the zkSync ecosystem, serving several critical functions:
Transaction Fees 💰
Used to pay for transaction fees on the zkSync network. Offers lower costs compared to the main Ethereum network due to zkSync’s efficient Layer-2 scaling solutions. Incentivizes user adoption, increasing network activity and liquidity.
Governance 🗳️
Central to zkSync’s governance framework. Token holders can vote on key proposals affecting the protocol’s future. Ensures transparent and democratic decisions on upgrades, parameter adjustments, and new features.
Network Security & Staking 🔒
Users can stake ZK tokens to support the network’s security. Stakers are rewarded with additional ZK tokens, incentivizing network security and stability. Encourages long-term commitment from participants, fostering a robust and engaged community.
Liquidity Provision 🚰
Used to incentivize liquidity provision within the zkSync ecosystem. Liquidity providers are rewarded with ZK tokens for adding liquidity to various pools. Essential for the smooth functioning of decentralized exchanges (DEXs) and other DeFi applications. Ensures sufficient liquidity for high-volume trading and financial activities.
The comprehensive use of the ZK token across transaction fees, governance, security, and liquidity underscores its importance in driving zkSync’s adoption and success.
We have seen a signicant drop in #io within last 24 hours.
It is consistantly dropping. The important support is at 4.5 (100+-) . There is a buying opportunity to consider. If drops more then next support is at 4.2 or 4.
Those who are waiting for a buying opportinity then keep in mind these strike prices.
Follow me and thanks me later.
Diaclaimer- #cryptocirrencies are highly volatile and uncertain. Do your own research before investing.
👉Early Bull Market 🐂 #Bitcoin leads the rise. #Ethereum is relatively weak. Some altcoins rise slightly, while others stagnate. Hot sectors see some growth.
👉Mid Bull Market 📈 Strong altcoins and hot sectors may peak early. Old mainstream coins become active.
👉Late Bull Market 🚀 Ethereum rises the most, leading many altcoins to their peaks. Altcoins generally see significant gains.
Market Rhythm
👉Bitcoin leads initially. 👉Ethereum leads in the late bull market. 👉Altcoins follow this rhythm.
For more insights and daily market analysis, follow me.
The #HIGH token, associated with the #Highstreet project, recently experienced a significant price dump shortly after its listing on Binance. The token’s value plummeted by over 70%, alarming investors and raising questions about the project’s stability and the team’s response.
The Highstreet team acknowledged the dump and attributed it to a combination of market manipulation and panic selling. In their update, the team emphasized their commitment to the project and assured investors that they are actively working to stabilize the #token. They highlighted several measures, including:
Enhanced Security and Monitoring: Implementing stricter security protocols to prevent future manipulations and closely monitoring market activities to detect and address suspicious transactions early. 🔒📊
Community Engagement: Increasing transparency and communication with the community to rebuild trust. They scheduled multiple AMAs (Ask Me Anything) sessions to address concerns and provide updates on the project’s progress. 💬🗣️
Development Roadmap: Reaffirming their commitment to the project’s long-term vision by sticking to their development roadmap. They outlined upcoming milestones and features to keep the community informed about the ongoing efforts and advancements. 🛤️🚀
The team is also collaborating with #Binance to investigate the dump and take necessary actions against any detected malicious activities. This proactive approach aims to restore investor confidence and ensure the project’s resilience against future market volatility.
A moving average (MA) in cryptocurrency trading is a tool that smooths out price data to identify trends. It calculates the average price over a specific time period, updated continuously.
Types of Moving Averages:
👉Simple Moving Average (SMA):
👉Average of closing prices over a set period.
Example: A 5-day SMA for prices $10, $12, $11, $13, $15 is ( \frac{10 + 12 + 11 + 13 + 15}{5} = 12.2 ).
👉Exponential Moving Average (EMA): It Gives more weight to recent prices, responding quicker to price changes.
Uses in Crypto Trading:
Trend Identification:
👉Price above MA indicates an uptrend; below indicates a downtrend.
👉Support and Resistance: MAs can act as dynamic support or resistance levels.
Crossovers:
👉Golden Cross: Short-term MA crosses above long-term MA (bullish signal).
👉Death Cross: Short-term MA crosses below long-term MA (bearish signal).
Example: Using a 50-day SMA and 200-day SMA for Bitcoin (BTC):
Golden Cross: 50-day SMA crosses above 200-day SMA (buy signal).
Death Cross: 50-day SMA crosses below 200-day SMA (sell signal).
Visualization:Traders overlay MAs on price charts to spot trends:
👉Uptrend: Prices consistently above MAs.
👉Downtrend: Prices consistently below MAs.
👉Sideways Trend: Prices oscillate around MAs.
Conclusion:Moving averages help traders identify trends and make informed trading decisions in the volatile crypto market.
In the small town of Post Falls, Idaho, a 12-year-old named Erik Finman had just received $1,000 from his grandmother.
Most kids his age would have spent it on toys or games 🎮, but Erik had a different idea. He had been closely following a new, strange digital currency called Bitcoin.
In 2011, #Bitcoin was a little-known and highly speculative investment, trading at around $10 to $12 per coin. Intrigued by its potential, Erik decided to take a chance and invest his entire $1,000 gift 💸.
Despite his family's skepticism 🤔, Erik believed in the promise of $BTC . He used his $1,000 to purchase about 100 bitcoins, a decision that would later change his life. As a young teenager, he continued to follow the cryptocurrency markets, watching his investment fluctuate wildly 📉📈.
Yet, he held firm, convinced that his decision would pay off in the long run.Years passed, and Erik's life continued like any other teenager's. He went to school, hung out with friends, and pursued his interests 🎓. Meanwhile, Bitcoin slowly started gaining traction and acceptance. By 2013, its value began to rise significantly.
Erik's investment was no longer just a curiosity; it had grown into a substantial sum. His 100 bitcoins were now worth tens of thousands of dollars 💰, but Erik wasn’t satisfied yet. He saw a future where Bitcoin's value could soar even higher 📈.In 2017, Bitcoin experienced a meteoric rise, hitting nearly $20,000 per coin at its peak 🚀.
By then, Erik was 18 years old, and his initial $1,000 investment had ballooned to almost $2 million 💵. He had become a millionaire before finishing high school, all thanks to his early bet on Bitcoin. The decision to invest and hold onto his bitcoins had paid off beyond his wildest dreams 🌟.
Erik's success wasn’t just about luck 🍀. It was also about vision, courage, and patience. He saw potential in something that others dismissed, invested in it, and resisted the urge to cash out during volatile times. His story became an inspiration to many aspiring investors.
According to recent reports from US news agencies, the altcoin market is on the brink of a massive crash, and those who are long could be wiped out. With the growing popularity of the cryptocurrency market, altcoins have attracted a large number of investors. However, the risks are now higher than ever.
📉 SEC Investigation Uncovers Violations 📉
A report from a top US financial news agency reveals that the SEC has conducted in-depth investigations into several altcoin exchanges and projects, uncovering serious violations and price manipulation. These actions have not only harmed investors but have also severely disrupted market order.
🚫 False Promises and High Risks 🚫
Altcoin exchanges and projects often lure investors with false advertising, exaggerated returns, and other misleading tactics. They also use high-leverage transactions and complex financial derivatives for speculation. When the market fluctuates, these exchanges and projects frequently take extreme measures to protect their own interests, leading to significant losses for investors.
🔍 Stricter Regulations Ahead 🔍
US regulators are closely monitoring the altcoin market and are poised to implement more stringent regulatory measures to crack down on violations. This means the altcoin market will face a tougher regulatory environment in the future, increasing risks for investors.
🚨 Investor Caution Advised 🚨
In the current market environment, investors should stay vigilant and exercise caution with altcoin investments. Those who already hold altcoins should closely monitor market trends, set stop-loss orders, and avoid further losses.
🚫 Avoid Blind Following and False Propaganda 🚫
We urge investors not to blindly follow trends or believe in false propaganda. Rational and cautious investment is key to safeguarding your assets.
In summary, US news agencies have confirmed that the altcoin market is on the verge of a significant crash. Investors should stay alert and take timely measures to manage risks. 🚀💼