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nice info about airdrop bro!
Profiting from Airdrops: A Beginner's Guide
There are many ways to earn crypto tokens without having to spend any money. One popular way is through airdrop. Airdrop is a free distribution of crypto tokens to certain digital wallet holders. This can be an interesting opportunity for beginners to get started in the world of crypto. This article will discuss what airdrops are, how to participate, and tips for making good use of airdrops.
### What is Airdrop?
Airdrop is a way in which crypto projects share their tokens with a specific community for free. The main goal is to expand reach and increase awareness about the project. Airdrops often involve simple tasks such as following a project's social media, joining a Telegram group, or performing other promotional tasks.
### What is Airdrop?
Airdrop is a way in which crypto projects share their tokens with a specific community for free. The main goal is to expand reach and increase awareness about the project. Airdrops often involve simple tasks such as following a project's social media, joining a Telegram group, or performing other promotional tasks.
nice info about airdrop
W3LAB Crypto News IT and Marketing Agency
·
--
How to search for promising Airdrop yourself
The crypto market is full of platforms that make Airdrop for active users. Our experts tell you how to identify a promising project based on three criteria
Airdrop has become an extremely popular trend in the cryptocurrency market. On the one hand, users are migrating en masse to second-tier networks in the expectation of hunting for future Airdrops there. On the other hand, projects everywhere announce the release and distribution of tokens in advance in order to attract the audience.
Thus, the market is in a hype, which greatly disperses the attention of users. Previously, there were only a few projects on the public ear, for the manifestation of activity in which you should expect a solid distribution of tokens. Now, since money and time are limited. And there are a lot of options - we have to choose which Airdrop is really worth hunting for.
The first and foremost criterion in selecting a project is the amount of investment involved in that project
There are several reasons for this. First, the presence of large financial injections indicates a potentially high valuation of the project in the future. This directly affects the rate of the future token and, consequently, the size of the eirdrop in terms of dollars.
Secondly, the presence of large investors is also a kind of guarantor that there are no fraudsters behind the platform. As a rule, investment funds do know where they put their money. The identities of the developers are known, where they live, where they are registered. This significantly reduces the risk that the founders of the project will be able to misappropriate the assets of users and hide with them. Since in this case it will be easier for the police to find them.
Third, significant investment is a resource for both creating a good product and organizing a successful marketing campaign.
It is especially good when the investors are well-known large investment funds. For example, such as Binance Labs, Blockchain Capital, a16z and others. These are titans of the crypto market who know their business and usually support projects at the development stage and beyond.
Second criterion is the number of users and competition in this Aridrop
The presence of large investments and big names among investors is not enough. At least because the project may fail and not pay off. But another reason could also be "overfarming". When there are too many users hunting for a giveaway. And the allocation of tokens for each may turn out to be too small.
So, if you have chosen a few projects with good investments. Then you should check them for the number of users chasing the future Airdrop. Or check what you need to do to get at least into the first 50% of the user rating.
To do this is not so easy, projects do not always give transparent information on this matter. So you have to look for it in roundabout ways. Here are two options:
Today, many projects have introduced a points system, on the basis of which future tokens will be distributed. As a rule, the project publishes a rating of users by the number of points they have accumulated. Having analyzed this rating, you can estimate what you will need to do to get ahead of most of your competitors.
If, say, to get into the top 20-30% of users will require a huge effort - probably, the project is "overfarmed", and it is not worth spending time and money on it. And vice versa: the easier and cheaper it is to gain points and move higher in the ranking. The greater the potential of the airdrop size specifically for you.
Another example: the derivatives platform Satori.
Despite the huge number of users, get into the first 10 thousand by rating. And it is enough to invest on the platform a couple of thousand dollars for a few weeks.
In the second option and when working in the networks of the second level, the analytical platform Dune will help you. It allows you to see statistics on different blockchains for all wallets. You can find out how much users have invested. And how many transactions they made and for how much, how many days and months they were active.
Based on this information, you can figure out what you need to do to outperform most of your competitors in terms of activity. Our experts recommend trying to get at least into the first 30% of the rating. It is likely that those who are not in the top 50% will be left without an Airdrop or receive a low allocation.
Third criterion is the time the project has been in existence and the expected time to Airdrop
We have selected a few projects with large investments - then we have weeded out those with large competition - now we need to understand how long we have left to wait for a potential Airdrop. If there is a high probability that the distribution will be in a month or two, it is better to skip this project for two reasons.
First, you risk not having enough months of activity to get an eirdrop.
Secondly, even if you know that airdrop is a month away and the snapshot hasn't been made yet - it's still debatable to stop on this project. You'll be way behind in points from early users and won't have time to gain much allocation. Therefore, it only makes sense to participate in such giveaways if there are no alternatives. It is better to strive to join the project at an early stage.
Conclusions
It is not easy to find interesting projects with good airdrop potential, but it is not so difficult. Yes, you need to spend time, gather statistics and analyze them. But this is the job of an " airdrop hunter", and it is important to do it. It will help you avoid an extremely unpleasant situation. And in which you will not only waste money and time on an empty project. And you'll also miss out on another good giveaway.
Of course, you can do simpler and focus on airdrop, which are known to everyone. This is also a working solution: if a huge community is hunting for a particular giveaway, it's for a reason. However, by following the masses and Influencers, you are more likely to arrive at an "overfarmed" project and later than others.
Your main task is to find a project with good investments, enter it before the majority. And when it becomes famous - move to the next potential airdrop.
#Airdrops #Airdrop_Opportunity
Airdrop has become an extremely popular trend in the cryptocurrency market. On the one hand, users are migrating en masse to second-tier networks in the expectation of hunting for future Airdrops there. On the other hand, projects everywhere announce the release and distribution of tokens in advance in order to attract the audience.
Thus, the market is in a hype, which greatly disperses the attention of users. Previously, there were only a few projects on the public ear, for the manifestation of activity in which you should expect a solid distribution of tokens. Now, since money and time are limited. And there are a lot of options - we have to choose which Airdrop is really worth hunting for.
The first and foremost criterion in selecting a project is the amount of investment involved in that project
There are several reasons for this. First, the presence of large financial injections indicates a potentially high valuation of the project in the future. This directly affects the rate of the future token and, consequently, the size of the eirdrop in terms of dollars.
Secondly, the presence of large investors is also a kind of guarantor that there are no fraudsters behind the platform. As a rule, investment funds do know where they put their money. The identities of the developers are known, where they live, where they are registered. This significantly reduces the risk that the founders of the project will be able to misappropriate the assets of users and hide with them. Since in this case it will be easier for the police to find them.
Third, significant investment is a resource for both creating a good product and organizing a successful marketing campaign.
It is especially good when the investors are well-known large investment funds. For example, such as Binance Labs, Blockchain Capital, a16z and others. These are titans of the crypto market who know their business and usually support projects at the development stage and beyond.
Second criterion is the number of users and competition in this Aridrop
The presence of large investments and big names among investors is not enough. At least because the project may fail and not pay off. But another reason could also be "overfarming". When there are too many users hunting for a giveaway. And the allocation of tokens for each may turn out to be too small.
So, if you have chosen a few projects with good investments. Then you should check them for the number of users chasing the future Airdrop. Or check what you need to do to get at least into the first 50% of the user rating.
To do this is not so easy, projects do not always give transparent information on this matter. So you have to look for it in roundabout ways. Here are two options:
Today, many projects have introduced a points system, on the basis of which future tokens will be distributed. As a rule, the project publishes a rating of users by the number of points they have accumulated. Having analyzed this rating, you can estimate what you will need to do to get ahead of most of your competitors.
If, say, to get into the top 20-30% of users will require a huge effort - probably, the project is "overfarmed", and it is not worth spending time and money on it. And vice versa: the easier and cheaper it is to gain points and move higher in the ranking. The greater the potential of the airdrop size specifically for you.
Another example: the derivatives platform Satori.
Despite the huge number of users, get into the first 10 thousand by rating. And it is enough to invest on the platform a couple of thousand dollars for a few weeks.
In the second option and when working in the networks of the second level, the analytical platform Dune will help you. It allows you to see statistics on different blockchains for all wallets. You can find out how much users have invested. And how many transactions they made and for how much, how many days and months they were active.
Based on this information, you can figure out what you need to do to outperform most of your competitors in terms of activity. Our experts recommend trying to get at least into the first 30% of the rating. It is likely that those who are not in the top 50% will be left without an Airdrop or receive a low allocation.
Third criterion is the time the project has been in existence and the expected time to Airdrop
We have selected a few projects with large investments - then we have weeded out those with large competition - now we need to understand how long we have left to wait for a potential Airdrop. If there is a high probability that the distribution will be in a month or two, it is better to skip this project for two reasons.
First, you risk not having enough months of activity to get an eirdrop.
Secondly, even if you know that airdrop is a month away and the snapshot hasn't been made yet - it's still debatable to stop on this project. You'll be way behind in points from early users and won't have time to gain much allocation. Therefore, it only makes sense to participate in such giveaways if there are no alternatives. It is better to strive to join the project at an early stage.
Conclusions
It is not easy to find interesting projects with good airdrop potential, but it is not so difficult. Yes, you need to spend time, gather statistics and analyze them. But this is the job of an " airdrop hunter", and it is important to do it. It will help you avoid an extremely unpleasant situation. And in which you will not only waste money and time on an empty project. And you'll also miss out on another good giveaway.
Of course, you can do simpler and focus on airdrop, which are known to everyone. This is also a working solution: if a huge community is hunting for a particular giveaway, it's for a reason. However, by following the masses and Influencers, you are more likely to arrive at an "overfarmed" project and later than others.
Your main task is to find a project with good investments, enter it before the majority. And when it becomes famous - move to the next potential airdrop.
#Airdrops #Airdrop_Opportunity
nice info about airdrop
W3LAB Crypto News IT and Marketing Agency
·
--
How to search for promising Airdrop yourself
The crypto market is full of platforms that make Airdrop for active users. Our experts tell you how to identify a promising project based on three criteria
Airdrop has become an extremely popular trend in the cryptocurrency market. On the one hand, users are migrating en masse to second-tier networks in the expectation of hunting for future Airdrops there. On the other hand, projects everywhere announce the release and distribution of tokens in advance in order to attract the audience.
Thus, the market is in a hype, which greatly disperses the attention of users. Previously, there were only a few projects on the public ear, for the manifestation of activity in which you should expect a solid distribution of tokens. Now, since money and time are limited. And there are a lot of options - we have to choose which Airdrop is really worth hunting for.
The first and foremost criterion in selecting a project is the amount of investment involved in that project
There are several reasons for this. First, the presence of large financial injections indicates a potentially high valuation of the project in the future. This directly affects the rate of the future token and, consequently, the size of the eirdrop in terms of dollars.
Secondly, the presence of large investors is also a kind of guarantor that there are no fraudsters behind the platform. As a rule, investment funds do know where they put their money. The identities of the developers are known, where they live, where they are registered. This significantly reduces the risk that the founders of the project will be able to misappropriate the assets of users and hide with them. Since in this case it will be easier for the police to find them.
Third, significant investment is a resource for both creating a good product and organizing a successful marketing campaign.
It is especially good when the investors are well-known large investment funds. For example, such as Binance Labs, Blockchain Capital, a16z and others. These are titans of the crypto market who know their business and usually support projects at the development stage and beyond.
Second criterion is the number of users and competition in this Aridrop
The presence of large investments and big names among investors is not enough. At least because the project may fail and not pay off. But another reason could also be "overfarming". When there are too many users hunting for a giveaway. And the allocation of tokens for each may turn out to be too small.
So, if you have chosen a few projects with good investments. Then you should check them for the number of users chasing the future Airdrop. Or check what you need to do to get at least into the first 50% of the user rating.
To do this is not so easy, projects do not always give transparent information on this matter. So you have to look for it in roundabout ways. Here are two options:
Today, many projects have introduced a points system, on the basis of which future tokens will be distributed. As a rule, the project publishes a rating of users by the number of points they have accumulated. Having analyzed this rating, you can estimate what you will need to do to get ahead of most of your competitors.
If, say, to get into the top 20-30% of users will require a huge effort - probably, the project is "overfarmed", and it is not worth spending time and money on it. And vice versa: the easier and cheaper it is to gain points and move higher in the ranking. The greater the potential of the airdrop size specifically for you.
Another example: the derivatives platform Satori.
Despite the huge number of users, get into the first 10 thousand by rating. And it is enough to invest on the platform a couple of thousand dollars for a few weeks.
In the second option and when working in the networks of the second level, the analytical platform Dune will help you. It allows you to see statistics on different blockchains for all wallets. You can find out how much users have invested. And how many transactions they made and for how much, how many days and months they were active.
Based on this information, you can figure out what you need to do to outperform most of your competitors in terms of activity. Our experts recommend trying to get at least into the first 30% of the rating. It is likely that those who are not in the top 50% will be left without an Airdrop or receive a low allocation.
Third criterion is the time the project has been in existence and the expected time to Airdrop
We have selected a few projects with large investments - then we have weeded out those with large competition - now we need to understand how long we have left to wait for a potential Airdrop. If there is a high probability that the distribution will be in a month or two, it is better to skip this project for two reasons.
First, you risk not having enough months of activity to get an eirdrop.
Secondly, even if you know that airdrop is a month away and the snapshot hasn't been made yet - it's still debatable to stop on this project. You'll be way behind in points from early users and won't have time to gain much allocation. Therefore, it only makes sense to participate in such giveaways if there are no alternatives. It is better to strive to join the project at an early stage.
Conclusions
It is not easy to find interesting projects with good airdrop potential, but it is not so difficult. Yes, you need to spend time, gather statistics and analyze them. But this is the job of an " airdrop hunter", and it is important to do it. It will help you avoid an extremely unpleasant situation. And in which you will not only waste money and time on an empty project. And you'll also miss out on another good giveaway.
Of course, you can do simpler and focus on airdrop, which are known to everyone. This is also a working solution: if a huge community is hunting for a particular giveaway, it's for a reason. However, by following the masses and Influencers, you are more likely to arrive at an "overfarmed" project and later than others.
Your main task is to find a project with good investments, enter it before the majority. And when it becomes famous - move to the next potential airdrop.
#Airdrops #Airdrop_Opportunity
Airdrop has become an extremely popular trend in the cryptocurrency market. On the one hand, users are migrating en masse to second-tier networks in the expectation of hunting for future Airdrops there. On the other hand, projects everywhere announce the release and distribution of tokens in advance in order to attract the audience.
Thus, the market is in a hype, which greatly disperses the attention of users. Previously, there were only a few projects on the public ear, for the manifestation of activity in which you should expect a solid distribution of tokens. Now, since money and time are limited. And there are a lot of options - we have to choose which Airdrop is really worth hunting for.
The first and foremost criterion in selecting a project is the amount of investment involved in that project
There are several reasons for this. First, the presence of large financial injections indicates a potentially high valuation of the project in the future. This directly affects the rate of the future token and, consequently, the size of the eirdrop in terms of dollars.
Secondly, the presence of large investors is also a kind of guarantor that there are no fraudsters behind the platform. As a rule, investment funds do know where they put their money. The identities of the developers are known, where they live, where they are registered. This significantly reduces the risk that the founders of the project will be able to misappropriate the assets of users and hide with them. Since in this case it will be easier for the police to find them.
Third, significant investment is a resource for both creating a good product and organizing a successful marketing campaign.
It is especially good when the investors are well-known large investment funds. For example, such as Binance Labs, Blockchain Capital, a16z and others. These are titans of the crypto market who know their business and usually support projects at the development stage and beyond.
Second criterion is the number of users and competition in this Aridrop
The presence of large investments and big names among investors is not enough. At least because the project may fail and not pay off. But another reason could also be "overfarming". When there are too many users hunting for a giveaway. And the allocation of tokens for each may turn out to be too small.
So, if you have chosen a few projects with good investments. Then you should check them for the number of users chasing the future Airdrop. Or check what you need to do to get at least into the first 50% of the user rating.
To do this is not so easy, projects do not always give transparent information on this matter. So you have to look for it in roundabout ways. Here are two options:
Today, many projects have introduced a points system, on the basis of which future tokens will be distributed. As a rule, the project publishes a rating of users by the number of points they have accumulated. Having analyzed this rating, you can estimate what you will need to do to get ahead of most of your competitors.
If, say, to get into the top 20-30% of users will require a huge effort - probably, the project is "overfarmed", and it is not worth spending time and money on it. And vice versa: the easier and cheaper it is to gain points and move higher in the ranking. The greater the potential of the airdrop size specifically for you.
Another example: the derivatives platform Satori.
Despite the huge number of users, get into the first 10 thousand by rating. And it is enough to invest on the platform a couple of thousand dollars for a few weeks.
In the second option and when working in the networks of the second level, the analytical platform Dune will help you. It allows you to see statistics on different blockchains for all wallets. You can find out how much users have invested. And how many transactions they made and for how much, how many days and months they were active.
Based on this information, you can figure out what you need to do to outperform most of your competitors in terms of activity. Our experts recommend trying to get at least into the first 30% of the rating. It is likely that those who are not in the top 50% will be left without an Airdrop or receive a low allocation.
Third criterion is the time the project has been in existence and the expected time to Airdrop
We have selected a few projects with large investments - then we have weeded out those with large competition - now we need to understand how long we have left to wait for a potential Airdrop. If there is a high probability that the distribution will be in a month or two, it is better to skip this project for two reasons.
First, you risk not having enough months of activity to get an eirdrop.
Secondly, even if you know that airdrop is a month away and the snapshot hasn't been made yet - it's still debatable to stop on this project. You'll be way behind in points from early users and won't have time to gain much allocation. Therefore, it only makes sense to participate in such giveaways if there are no alternatives. It is better to strive to join the project at an early stage.
Conclusions
It is not easy to find interesting projects with good airdrop potential, but it is not so difficult. Yes, you need to spend time, gather statistics and analyze them. But this is the job of an " airdrop hunter", and it is important to do it. It will help you avoid an extremely unpleasant situation. And in which you will not only waste money and time on an empty project. And you'll also miss out on another good giveaway.
Of course, you can do simpler and focus on airdrop, which are known to everyone. This is also a working solution: if a huge community is hunting for a particular giveaway, it's for a reason. However, by following the masses and Influencers, you are more likely to arrive at an "overfarmed" project and later than others.
Your main task is to find a project with good investments, enter it before the majority. And when it becomes famous - move to the next potential airdrop.
#Airdrops #Airdrop_Opportunity
nice information!
Bitcoin continues its downward path? 3 altcoins worth buying in the market decline!
Bitcoin fell below $65,000 again today as investors aimed at new highs. The daily loss was more than three percent. This kind of decline is dangerous for altcoins and quickly leads to gains being wiped out. We may see important support levels being broken again in the next few hours. So what is Bitcoin's next target?
Bitcoin (BTC) As of the time of writing, the price of Bitcoin (BTC) is $64,303. The recent decline has caused altcoins to fall back to the support area, which may trigger more losses. Although BTC has recovered after yesterday's data, the fact that it cannot break through new highs shows a lack of interest from investors.
Bitcoin has strong demand below $60,000, but cannot find the strength to overcome the $67,300 resistance level. Friday's PCE data may trigger a new breakout. If the data is lower than expected, the first interest rate cut target in September will be withdrawn due to the optimism of inflation data in April and subsequent months.
At this stage, historical data cannot provide enough guidance. While the halving did not see a big drop, geopolitical risks and global economic issues have added to its pressure. Bitcoin ETF spot volumes are nowhere near the impressive levels we were accustomed to in March. Perhaps, as some experts say, the big surge we experienced in the first quarter was just early pricing for the halving. For now, investors will remain cautious about altcoins.
BTC and Cryptocurrency Forecast
The drop in Bitcoin price to $64,732 explains why we haven't seen a rapid rise in altcoins. If this move is supported by net outflows from investors in the ETF channel, BTC could start looking for new lows by the daily close. April 24 ETF entry and exit data will be available shortly before the daily close.
In the short term, support is at $59,700, and a close below $61,200 leads to support at $57,000. If there is heavy volume, a plunge to $51,170 is possible. This would mean a decrease of about 20%. Among altcoins, its counterparts have the potential to rise by 50%.
In the opposite scenario, a close above $67,300 could start a new attempt towards $69,700 and $71,300.Then, the ever-mentioned targets of $73,777 and $76,000 will be discussed.
The 3 altcoins worth buying at the bottom when the market drops
PEPE
As a memecoin, Pepe’s value is inherently tied to its transactional use, demand, and popularity, rather than to utility. Pepe Coin has strong momentum and outstanding market performance. Prices are trading near all-time highs and well above the 200-day moving average. Market sentiment analysis shows that the Greed Index is as high as 80, indicating investor enthusiasm for the token. This surge in demand is attributed to Pepe’s deflationary strategy, ensuring the token’s scarcity and keeping pace with the widely popular meme token trend, significantly boosting its popularity and demand, which in turn pushed the its value.
AR
Recently, the value of AR has climbed significantly, the market has shown a bullish trend, and the halving event has further consolidated its dominant position. The price rose 16% to $32.26, showing buyers entering the market at this level. Currently, AR’s market capitalization is approximately $2.1 billion, and its trading volume reached approximately $123 million in the past 24 hours. Arweave sits firmly at 50th place in the cryptocurrency market capitalization rankings.
With the rise of Web3 technology and the popularization of its applications, the demand for decentralized storage is expected to experience explosive growth in the future. As a digital asset that keeps pace with the times, the development prospects of AR are widely optimistic, and it is expected to show even more outstanding performance in the future.
SOL
Solana (SOL) is currently trading at $157, up 2% from yesterday, with trading volume of $3.17 billion in the past 24 hours, solidifying its position as the fifth largest crypto with a market capitalization of approximately $67.14 billion. Solana's price trajectory is increasingly optimistic. Technical analysis shows a pivot point at $147.20 with resistance at $164.56, $185.94, and $204.26, which if broken would indicate strong bullish momentum.
Solana was able to hold support above the $147.20 pivot point, potentially signaling further gains!
#Solana #Meme代币 #PEPE✈️ #BNB币
Bitcoin fell below $65,000 again today as investors aimed at new highs. The daily loss was more than three percent. This kind of decline is dangerous for altcoins and quickly leads to gains being wiped out. We may see important support levels being broken again in the next few hours. So what is Bitcoin's next target?
Bitcoin (BTC) As of the time of writing, the price of Bitcoin (BTC) is $64,303. The recent decline has caused altcoins to fall back to the support area, which may trigger more losses. Although BTC has recovered after yesterday's data, the fact that it cannot break through new highs shows a lack of interest from investors.
Bitcoin has strong demand below $60,000, but cannot find the strength to overcome the $67,300 resistance level. Friday's PCE data may trigger a new breakout. If the data is lower than expected, the first interest rate cut target in September will be withdrawn due to the optimism of inflation data in April and subsequent months.
At this stage, historical data cannot provide enough guidance. While the halving did not see a big drop, geopolitical risks and global economic issues have added to its pressure. Bitcoin ETF spot volumes are nowhere near the impressive levels we were accustomed to in March. Perhaps, as some experts say, the big surge we experienced in the first quarter was just early pricing for the halving. For now, investors will remain cautious about altcoins.
BTC and Cryptocurrency Forecast
The drop in Bitcoin price to $64,732 explains why we haven't seen a rapid rise in altcoins. If this move is supported by net outflows from investors in the ETF channel, BTC could start looking for new lows by the daily close. April 24 ETF entry and exit data will be available shortly before the daily close.
In the short term, support is at $59,700, and a close below $61,200 leads to support at $57,000. If there is heavy volume, a plunge to $51,170 is possible. This would mean a decrease of about 20%. Among altcoins, its counterparts have the potential to rise by 50%.
In the opposite scenario, a close above $67,300 could start a new attempt towards $69,700 and $71,300.Then, the ever-mentioned targets of $73,777 and $76,000 will be discussed.
The 3 altcoins worth buying at the bottom when the market drops
PEPE
As a memecoin, Pepe’s value is inherently tied to its transactional use, demand, and popularity, rather than to utility. Pepe Coin has strong momentum and outstanding market performance. Prices are trading near all-time highs and well above the 200-day moving average. Market sentiment analysis shows that the Greed Index is as high as 80, indicating investor enthusiasm for the token. This surge in demand is attributed to Pepe’s deflationary strategy, ensuring the token’s scarcity and keeping pace with the widely popular meme token trend, significantly boosting its popularity and demand, which in turn pushed the its value.
AR
Recently, the value of AR has climbed significantly, the market has shown a bullish trend, and the halving event has further consolidated its dominant position. The price rose 16% to $32.26, showing buyers entering the market at this level. Currently, AR’s market capitalization is approximately $2.1 billion, and its trading volume reached approximately $123 million in the past 24 hours. Arweave sits firmly at 50th place in the cryptocurrency market capitalization rankings.
With the rise of Web3 technology and the popularization of its applications, the demand for decentralized storage is expected to experience explosive growth in the future. As a digital asset that keeps pace with the times, the development prospects of AR are widely optimistic, and it is expected to show even more outstanding performance in the future.
SOL
Solana (SOL) is currently trading at $157, up 2% from yesterday, with trading volume of $3.17 billion in the past 24 hours, solidifying its position as the fifth largest crypto with a market capitalization of approximately $67.14 billion. Solana's price trajectory is increasingly optimistic. Technical analysis shows a pivot point at $147.20 with resistance at $164.56, $185.94, and $204.26, which if broken would indicate strong bullish momentum.
Solana was able to hold support above the $147.20 pivot point, potentially signaling further gains!
#Solana #Meme代币 #PEPE✈️ #BNB币
bnb
Will Binance Burn Fuel the BNB Price to Achieve $700?
The post Will Binance Burn Fuel The BNB Price To Achieve $700? appeared first on Coinpedia Fintech News
The Binance Foundation on 24th April completed its 27th quarterly BNB token burn by the BNB Chain. During this process, a total of 1,944,452.51 BNB tokens were burned which were valued at approximately $1.17 Billion at the time of burn.
The Binance burn is a quarterly process and is completed automatically with the help of the Auto-Burn formula. The ultimate goal of this process is to reduce the total supply of BNB tokens to 100 Million. Currently, the total supply stands at 149,532,856 BNB tokens.
Impact Of The BNB Burn On Binance Price:
The BNB coin price displayed a neutral trend by trading in a closed range between $278 and $345.5 until mid-February. As the volatility in the market grew, this altcoin jumped approximately 110%, before facing rejection at $635. Since then, the price has been trading in a consolidated range between $506.5 and $635.
TradingView: BNB/USDT
Positively, the Binance token has added 11.43% within the past seven days and 10.12% over the past 30 days. Moreover, its Year-to-Date (YTD) stands at 94.58%, indicating a strong bullish price action for the Binance coin price during the upcoming months.
The technical indicator, MACD, shows a rising green histogram, indicating increased buying pressure in the crypto market. Furthermore, the averages display a bullish convergence, suggesting a positive outlook for the BNB price in the coming time.
Will Binance Coin Price Rise Back Up?
If the bulls continue gaining momentum, the BNB coin price will test its resistance level of $635 by the upcoming weekend. Moreover, if the market holds the price at that level, the Binance token will attempt to test its previous all-time high (ATH) of $690.9.
Conversely, if a trend reversal occurs, the BNB token will lose momentum and fall to test its support level of $569.5. Further, if the bears continue to dominate the market, the Binance token will plunge and prepare to test its lower support level of $506.5 during the upcoming weeks.
The Binance Foundation on 24th April completed its 27th quarterly BNB token burn by the BNB Chain. During this process, a total of 1,944,452.51 BNB tokens were burned which were valued at approximately $1.17 Billion at the time of burn.
The Binance burn is a quarterly process and is completed automatically with the help of the Auto-Burn formula. The ultimate goal of this process is to reduce the total supply of BNB tokens to 100 Million. Currently, the total supply stands at 149,532,856 BNB tokens.
Impact Of The BNB Burn On Binance Price:
The BNB coin price displayed a neutral trend by trading in a closed range between $278 and $345.5 until mid-February. As the volatility in the market grew, this altcoin jumped approximately 110%, before facing rejection at $635. Since then, the price has been trading in a consolidated range between $506.5 and $635.
TradingView: BNB/USDT
Positively, the Binance token has added 11.43% within the past seven days and 10.12% over the past 30 days. Moreover, its Year-to-Date (YTD) stands at 94.58%, indicating a strong bullish price action for the Binance coin price during the upcoming months.
The technical indicator, MACD, shows a rising green histogram, indicating increased buying pressure in the crypto market. Furthermore, the averages display a bullish convergence, suggesting a positive outlook for the BNB price in the coming time.
Will Binance Coin Price Rise Back Up?
If the bulls continue gaining momentum, the BNB coin price will test its resistance level of $635 by the upcoming weekend. Moreover, if the market holds the price at that level, the Binance token will attempt to test its previous all-time high (ATH) of $690.9.
Conversely, if a trend reversal occurs, the BNB token will lose momentum and fall to test its support level of $569.5. Further, if the bears continue to dominate the market, the Binance token will plunge and prepare to test its lower support level of $506.5 during the upcoming weeks.
nice information!
Crypto Breaking
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Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why
Crypto analyst Crypto Banter has provided insights on whether or not it is the right time to buy altcoins. Specifically, the analyst had reservations about the idea that it was best to buy altcoins that showed quick recovery after a market decline like the one experienced over the weekend.
Not The Best Time To Buy Altcoins
In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far.
Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market. Therefore, he noted that the best strategy to deploy in investing at this point is to use dollar cost average (DCA) in altcoins that have shown strength while being wary of the ones with bad tokenomics.
He again warned against investing in altcoins that have recovered quickly, stating that this doesn’t mean those crypto tokens have “relative strength.” He further elaborated that to gauge the relative strength of a crypto token, one has to look at how much it dropped and how much it recovered after that.
How To Make Your Buy List
Crypto Banter also provided a guide that crypto investors could follow when compiling an altcoin buy list. He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap.
He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength. Although it experienced a drawdown of 47%, it has recovered and is now just about 6% down from its peak. Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak.
On the other hand, he highlighted RUNE as a “really cheap” crypto token, as it is down about 52% from its peak. He added that RUNE also happens to be a good recovery token. Crypto Banter also mentioned Arweave (AR) as another quality and cheap token, noting that it is about 41% down from its peak, meaning that one could get a good bargain from it.
Meanwhile, he added crypto tokens that have been unaffected by the dips as the third category of tokens that crypto investors could add to their buy lists.
Total market cap continues to drop | Source: Crypto Total Market Cap on Tradingview.com
Featured image from Coinposters, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Source: NewsBTC.com
The post Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why appeared first on Crypto Breaking News.
Not The Best Time To Buy Altcoins
In a live video on his YouTube channel, Crypto Banter warned crypto investors against “sheepishly” buying altcoins, especially crypto tokens that recovered quickly after the flush. He claimed that anyone who buys these tokens might fall into a “classic trap.” To avoid this trap, he advised that it might be best not to buy these altcoins now despite their impressive recovery so far.
Crypto Banter made these statements based on his belief that the bearish sentiment isn’t over and that there will still be a lot of “tensions” in the market. Therefore, he noted that the best strategy to deploy in investing at this point is to use dollar cost average (DCA) in altcoins that have shown strength while being wary of the ones with bad tokenomics.
He again warned against investing in altcoins that have recovered quickly, stating that this doesn’t mean those crypto tokens have “relative strength.” He further elaborated that to gauge the relative strength of a crypto token, one has to look at how much it dropped and how much it recovered after that.
How To Make Your Buy List
Crypto Banter also provided a guide that crypto investors could follow when compiling an altcoin buy list. He suggested that the key was to choose between the altcoins that have recovered the quickest and are showing relative strength and the ones that are relatively still cheap.
He gave the example of Ondo (ONDO) as one crypto token that has shown relative strength. Although it experienced a drawdown of 47%, it has recovered and is now just about 6% down from its peak. Toncoin (TON) also falls under this category, as he showed how the crypto token dropped down over 30% recently but has already recovered and is just 9% from its peak.
On the other hand, he highlighted RUNE as a “really cheap” crypto token, as it is down about 52% from its peak. He added that RUNE also happens to be a good recovery token. Crypto Banter also mentioned Arweave (AR) as another quality and cheap token, noting that it is about 41% down from its peak, meaning that one could get a good bargain from it.
Meanwhile, he added crypto tokens that have been unaffected by the dips as the third category of tokens that crypto investors could add to their buy lists.
Total market cap continues to drop | Source: Crypto Total Market Cap on Tradingview.com
Featured image from Coinposters, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Source: NewsBTC.com
The post Crypto Analyst Says Don’t Buy Altcoins Just Yet – Here’s Why appeared first on Crypto Breaking News.
nice info about solana
CoinChapter
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Solana Price Is Falling — but Are SOL Bulls Giving Up Yet?
Key Takeaways:
SOL price is down over 40% from the $210 high.
A crucial bullish trend line is forming with support at $120 on the weekly chart.
Solana could stage a fresh increase unless there is a weekly close below $120 and $110.
Solana Price is Falling — But Are SOL Bulls Giving up Yet? Read CoinChapter.com on Google News
NEW DELHI (CoinChapter.com) — Solana trimmed most gains and traded below $150. SOL is now trading near a major support and might attempt a fresh increase.
Solana Price Reaches Key Juncture
Earlier this year, we saw a massive increase in Solana prices from the $10 zone. SOL jumped over 15x and even broke the $200 level. Finally, it traded as high as $210 and recently started a major decline like Bitcoin and Ethereum.
It declined below the $180 and $162 support levels, as discussed in the last analysis. There was a clear move below the 23.6% Fib retracement level of the main increase from the $7.92 swing low to the $210 high. SOL is down over 40% and there was even a drop below the $130 level.
Solana price daily chart | Source: SOL/USD on TradingView.com
However, Solana managed to stay above the $100 pivot level and is also well above the 50-week simple moving average (blue). The price is now testing a crucial bullish trend line with support at $120 on the weekly chart.
If the SOL price stays above the trend line support, the bulls might attempt a fresh increase. Immediate resistance on the upside is near the $145 level, and the first major resistance is near the $162 level.
If the bulls pump the price above the $162 resistance, the SOL price could start another rally. The next target for the bulls could be $185. Any more gains might send Solana toward the $200 handle.
More Losses In SOL?
Conversely, the SOL price might struggle to recover above the $145 resistance and continue to move down. Immediate support is near the $130 level. The first major support sits at $120 and the trend line. The main support is now forming near the $110 level. It is close to the 50% Fib retracement level of the main increase from the $7.92 swing low to the $210 high and coincides with the recent spike support.
A weekly close below the $120 and $110 support levels might spark strong bearish moves. In the stated scenario, Solana could revisit the $85 level. The next target for the bears might be $55.
The Solana ecosystem continues to evolve. A recent example was its successful integration with Pundi X Labs. Users can now buy USDT using Solana-supported wallets.
XPOSOPOSFollowing a Pundi X community governance vote, Solana has been integrated with @PundiXLabs XPOS payments platform!Learn more https://t.co/lnIiwcWm7Y
— Solana (@solana) April 17, 2024
Overall, the SOL price reaches an important support zone at $110-$120. If the bulls protect the $110 support, there could be a fresh increase. If not, Solana might start nosedive toward the $85 support.
The post Solana Price is Falling — But Are SOL Bulls Giving up Yet? appeared first on CoinChapter.
SOL price is down over 40% from the $210 high.
A crucial bullish trend line is forming with support at $120 on the weekly chart.
Solana could stage a fresh increase unless there is a weekly close below $120 and $110.
Solana Price is Falling — But Are SOL Bulls Giving up Yet? Read CoinChapter.com on Google News
NEW DELHI (CoinChapter.com) — Solana trimmed most gains and traded below $150. SOL is now trading near a major support and might attempt a fresh increase.
Solana Price Reaches Key Juncture
Earlier this year, we saw a massive increase in Solana prices from the $10 zone. SOL jumped over 15x and even broke the $200 level. Finally, it traded as high as $210 and recently started a major decline like Bitcoin and Ethereum.
It declined below the $180 and $162 support levels, as discussed in the last analysis. There was a clear move below the 23.6% Fib retracement level of the main increase from the $7.92 swing low to the $210 high. SOL is down over 40% and there was even a drop below the $130 level.
Solana price daily chart | Source: SOL/USD on TradingView.com
However, Solana managed to stay above the $100 pivot level and is also well above the 50-week simple moving average (blue). The price is now testing a crucial bullish trend line with support at $120 on the weekly chart.
If the SOL price stays above the trend line support, the bulls might attempt a fresh increase. Immediate resistance on the upside is near the $145 level, and the first major resistance is near the $162 level.
If the bulls pump the price above the $162 resistance, the SOL price could start another rally. The next target for the bulls could be $185. Any more gains might send Solana toward the $200 handle.
More Losses In SOL?
Conversely, the SOL price might struggle to recover above the $145 resistance and continue to move down. Immediate support is near the $130 level. The first major support sits at $120 and the trend line. The main support is now forming near the $110 level. It is close to the 50% Fib retracement level of the main increase from the $7.92 swing low to the $210 high and coincides with the recent spike support.
A weekly close below the $120 and $110 support levels might spark strong bearish moves. In the stated scenario, Solana could revisit the $85 level. The next target for the bears might be $55.
The Solana ecosystem continues to evolve. A recent example was its successful integration with Pundi X Labs. Users can now buy USDT using Solana-supported wallets.
XPOSOPOSFollowing a Pundi X community governance vote, Solana has been integrated with @PundiXLabs XPOS payments platform!Learn more https://t.co/lnIiwcWm7Y
— Solana (@solana) April 17, 2024
Overall, the SOL price reaches an important support zone at $110-$120. If the bulls protect the $110 support, there could be a fresh increase. If not, Solana might start nosedive toward the $85 support.
The post Solana Price is Falling — But Are SOL Bulls Giving up Yet? appeared first on CoinChapter.
nice info bro
There are two very critical points for Bitcoin right now:
1) $64,000 level
2) $67,000 level
If the $64,000 level is literally broken, a journey to $60,000 could begin.
At the moment, the $BTC price continues to hold around $64,000 but people are hesitant to open long positions because it has fallen so sharply.
The volume was not high on the way to $67,000, nor was the volume on the way down.
This shows that the number of buyers and sellers in the market has dwindled considerably.
With May coming, it is possible that we will see this volume decline in a more serious way because there is always an expected volume decline that starts in May and continues through the rest of the summer months.
Also, if there is a serious close above $64,000, we could see a revisit to $67,000.
At the moment, I am still holding my short position open and I am betting on it reaching the $60,000 level.
1) $64,000 level
2) $67,000 level
If the $64,000 level is literally broken, a journey to $60,000 could begin.
At the moment, the $BTC price continues to hold around $64,000 but people are hesitant to open long positions because it has fallen so sharply.
The volume was not high on the way to $67,000, nor was the volume on the way down.
This shows that the number of buyers and sellers in the market has dwindled considerably.
With May coming, it is possible that we will see this volume decline in a more serious way because there is always an expected volume decline that starts in May and continues through the rest of the summer months.
Also, if there is a serious close above $64,000, we could see a revisit to $67,000.
At the moment, I am still holding my short position open and I am betting on it reaching the $60,000 level.
solana info
Kri
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AI predicts Solana price for May 1, 2024
The global cryptocurrency market experienced a volatile period earlier today as tensions escalated in the Middle East. Despite initial price drops, the market recovered quickly after it became apparent that the conflict resulted in minimal damage.
Notably, Solana (SOL) showed a similar trend, experiencing a notable decline followed by a swift recovery.
At the press time, Solana price today was trading at $144.68, reflecting a nearly 9% increase over the past 24 hours, surpassing even the value before Israel’s retaliatory attack on Iran.
SOL 1-day price chart. Source: Finbold
However, it is important to note that SOL price remains lower over longer time frames, with a 14.94% decrease over the past week and a 17.13% decrease over the last month.
Despite these short-term fluctuations, Solana has seen remarkable growth over the past year. The token’s value has surged by an impressive 639%, outperforming most of the top 100 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).
Nevertheless, Solana’s network has faced challenges with outages and congestion, particularly during the first week of April.
This congestion is largely attributed to the increasing number of users and their activity on the blockchain, especially with the rise of meme coins and decentralized exchange (DEX) transactions.
AI forecasts SOL price potential trajectory
Solana is currently trading between a support level at $123.41 and the resistance level at $157.96.
Machine learning algorithms, which rely on technical analysis (TA) indicators such as relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB),, and average true range (ATR), forecast a bullish short-term trend for SOL, however they anticipate a bearish outlook in the long term.
According to the AI prediction model, SOL’s price of $144.68 as of April 19 will decrease by almost 9% to a price of $132.08 on May 1, so it will still be with its current support and resistance range.
SOL Prediction, May 1, 2024. Source: PricePredictions
Crypto expert shares insights on SOL price
Beside AI predictions, crypto expert Andrew Kang shared on X (formerly Twitter), on April 19, his belief that Solana presents a buying opportunity, with an anticipated price of $130 in the near future.
Kang predicts that the worldwide acceptance of crypto exchange-traded funds (ETFs), inspired by the US initiative, will initiate a subsequent surge in ETF investments, stating:
“We will have an onslaught of ETF approval headlines as the rest of the countries follow the lead of the US. The second wave of ETF inflows will kick in as wealth/asset management teams are cleared to solicit new customers for the ETF and rumors of mainland China access to BTC ETF start to bubble up.”
Moreover, Kang also acknowledged Solana’s current network problems that have impacted its price, but he expressed confidence that these issues will be resolved, creating opportunities for Solana’s recovery.
Notably, Solana (SOL) showed a similar trend, experiencing a notable decline followed by a swift recovery.
At the press time, Solana price today was trading at $144.68, reflecting a nearly 9% increase over the past 24 hours, surpassing even the value before Israel’s retaliatory attack on Iran.
SOL 1-day price chart. Source: Finbold
However, it is important to note that SOL price remains lower over longer time frames, with a 14.94% decrease over the past week and a 17.13% decrease over the last month.
Despite these short-term fluctuations, Solana has seen remarkable growth over the past year. The token’s value has surged by an impressive 639%, outperforming most of the top 100 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).
Nevertheless, Solana’s network has faced challenges with outages and congestion, particularly during the first week of April.
This congestion is largely attributed to the increasing number of users and their activity on the blockchain, especially with the rise of meme coins and decentralized exchange (DEX) transactions.
AI forecasts SOL price potential trajectory
Solana is currently trading between a support level at $123.41 and the resistance level at $157.96.
Machine learning algorithms, which rely on technical analysis (TA) indicators such as relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB),, and average true range (ATR), forecast a bullish short-term trend for SOL, however they anticipate a bearish outlook in the long term.
According to the AI prediction model, SOL’s price of $144.68 as of April 19 will decrease by almost 9% to a price of $132.08 on May 1, so it will still be with its current support and resistance range.
SOL Prediction, May 1, 2024. Source: PricePredictions
Crypto expert shares insights on SOL price
Beside AI predictions, crypto expert Andrew Kang shared on X (formerly Twitter), on April 19, his belief that Solana presents a buying opportunity, with an anticipated price of $130 in the near future.
Kang predicts that the worldwide acceptance of crypto exchange-traded funds (ETFs), inspired by the US initiative, will initiate a subsequent surge in ETF investments, stating:
“We will have an onslaught of ETF approval headlines as the rest of the countries follow the lead of the US. The second wave of ETF inflows will kick in as wealth/asset management teams are cleared to solicit new customers for the ETF and rumors of mainland China access to BTC ETF start to bubble up.”
Moreover, Kang also acknowledged Solana’s current network problems that have impacted its price, but he expressed confidence that these issues will be resolved, creating opportunities for Solana’s recovery.
read!
HASH Media
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Solana Might Break Its April Bearish Streak, Will It Regain $200?
On April 18, 2024, it appears that Solana (SOL) is poised to break its bearish streak and experience upward momentum. There are several factors supporting Solana’s upcoming bullish move. These factors include the rise in Solana’s open interest, support at a crucial level, a bullish chart pattern, and continuous accumulation of SOL by crypto whales. Together, these factors highlight the bullishness of Solana’s SOL.
Open Interest surge in Solana
At the time of writing, Solana’s SOL open interest for the first time after several periods has become positive and surged by 4.5% in the last 4 hours and 2.5% in the last 24 hours, currently standing near $1.85 billion according to Coinglass. While the open interest data of other top cryptocurrencies like Bitcoin (-1.5%) and Ethereum (-2.86%) are still negative, indicating that investors are now preferring SOL over BTC and ETH.
Solana’s technical analysis and key levels
In addition to the above bullish factors, expert technical analysis suggests that Solana’s SOL on the daily timeframe is finding support from a bullish trendline. Historical data indicates that when SOL reached this trendline, it experienced massive upward momentum. For example, on January 23, 2024, when SOL found support at this trendline, it experienced a price surge of over 23%, and on February 24, 2024, it surged more than 90% after finding support again.
Source: TradingView
Looking at the historical data, there is a similar bullish expectation at the current time, suggesting that SOL’s price could surge by a massive 50%, the same move as it showed in the past, and reach $200 again. However, if Solana’s SOL on the daily timeframe closes below this strong bullish trendline, there is a high possibility that SOL could fall to the $102 level.
In addition to all these bullish factors, over the last 24 hours, a significant amount of over $3 billion worth of SOL has moved from wallets, indicating investor and institutional participation as the data shared by on-chain transaction tracker Whale Alert.
Currently, Solana’s SOL is trading near $133, and in the last 24 hours, it experienced a decent 1% upside momentum. Looking at SOL’s performance over a longer period, it experienced a massive 22% downside momentum in the last 7 days, and nearly 35% downside momentum in the last 30 days.
Solana, the world’s 5th biggest cryptocurrency, experienced a significant and continuous price fall of over 33% in April 2024. However, Solana’s SOL is not the only cryptocurrency that experienced a price fall in April; other top cryptocurrencies like Bitcoin, Ethereum, Cardano, and others also experienced similar declines.
Open Interest surge in Solana
At the time of writing, Solana’s SOL open interest for the first time after several periods has become positive and surged by 4.5% in the last 4 hours and 2.5% in the last 24 hours, currently standing near $1.85 billion according to Coinglass. While the open interest data of other top cryptocurrencies like Bitcoin (-1.5%) and Ethereum (-2.86%) are still negative, indicating that investors are now preferring SOL over BTC and ETH.
Solana’s technical analysis and key levels
In addition to the above bullish factors, expert technical analysis suggests that Solana’s SOL on the daily timeframe is finding support from a bullish trendline. Historical data indicates that when SOL reached this trendline, it experienced massive upward momentum. For example, on January 23, 2024, when SOL found support at this trendline, it experienced a price surge of over 23%, and on February 24, 2024, it surged more than 90% after finding support again.
Source: TradingView
Looking at the historical data, there is a similar bullish expectation at the current time, suggesting that SOL’s price could surge by a massive 50%, the same move as it showed in the past, and reach $200 again. However, if Solana’s SOL on the daily timeframe closes below this strong bullish trendline, there is a high possibility that SOL could fall to the $102 level.
In addition to all these bullish factors, over the last 24 hours, a significant amount of over $3 billion worth of SOL has moved from wallets, indicating investor and institutional participation as the data shared by on-chain transaction tracker Whale Alert.
Currently, Solana’s SOL is trading near $133, and in the last 24 hours, it experienced a decent 1% upside momentum. Looking at SOL’s performance over a longer period, it experienced a massive 22% downside momentum in the last 7 days, and nearly 35% downside momentum in the last 30 days.
Solana, the world’s 5th biggest cryptocurrency, experienced a significant and continuous price fall of over 33% in April 2024. However, Solana’s SOL is not the only cryptocurrency that experienced a price fall in April; other top cryptocurrencies like Bitcoin, Ethereum, Cardano, and others also experienced similar declines.
thanks ur information
Coinstages
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Here’s What Could Make Shiba Inu (SHIB) Rally 884,000% After Bitcoin Halving
Shiba Inu’s phenomenal surge in 2021 was historic and is still referenced by analysts and investors today. Coming off the heels of the 2020 Bitcoin halving, the meme coin soared to new heights and it is yet to regain those heights. With another Bitcoin halving event in a few days, many are preparing for another massive Shiba Inu surge, hoping the halving will positively influence the meme coin.
Shiba Inu’s Launch and Rise to Prominence
While Bitcoin’s May 2020 halving event triggered a significant upswing in its price, Shiba Inu wasn’t even a player in the cryptocurrency market at that time. SHIB joined the market three months later, with a starting price containing nine decimal places before the actual number. Initially, SHIB witnessed minimal trading activity as Bitcoin embarked on its late-2020 surge.
January 31, 2021, marked a turning point for Shiba Inu. The coin experienced a significant surge in trading volume, reaching $5.7 million with a price of $0.00000001. Following this. SHIB maintained a trading volume in the thousands and occasionally millions of dollars.
Shiba Inu’s Stellar 2021
By April 2021, when Bitcoin reached $64,000 for the first time, SHIB had established its record price of $0.00000417. Interestingly, Shiba Inu managed to outpace Bitcoin in terms of percentage gains.
While Bitcoin reached a new all-time high of $68,789 in November 2021, SHIB had already hit its all-time high of $0.00008845 in October 2021. Notably, from January to October 2021, Shiba Inu witnessed a remarkable surge of 884,400%.
The Bitcoin Halving and Potential Impact on SHIB
The upcoming Bitcoin halving, estimated to happen this week, has ignited hope for a similar price revival in Shiba Inu. Enthusiasts point to historical precedents, specifically, the bullish trends that follow Bitcoin halving events. For instance, after the May 2020 halving, Bitcoin’s price embarked on a sustained upward trajectory, reaching a peak of $64,863 by April 2021.
If history were to repeat itself, and Bitcoin was to experience a similar 721% increase after the halving, it could climb from its current price of $63,237.93 to over $500,000. A Shiba Inu team member has revealed that Shiba Inu is on track for a super cycle. If the meme coin repeats its phenomenal 884,400% gain based on its current price of $0.00002261, it could reach $0.199.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
Shiba Inu’s Launch and Rise to Prominence
While Bitcoin’s May 2020 halving event triggered a significant upswing in its price, Shiba Inu wasn’t even a player in the cryptocurrency market at that time. SHIB joined the market three months later, with a starting price containing nine decimal places before the actual number. Initially, SHIB witnessed minimal trading activity as Bitcoin embarked on its late-2020 surge.
January 31, 2021, marked a turning point for Shiba Inu. The coin experienced a significant surge in trading volume, reaching $5.7 million with a price of $0.00000001. Following this. SHIB maintained a trading volume in the thousands and occasionally millions of dollars.
Shiba Inu’s Stellar 2021
By April 2021, when Bitcoin reached $64,000 for the first time, SHIB had established its record price of $0.00000417. Interestingly, Shiba Inu managed to outpace Bitcoin in terms of percentage gains.
While Bitcoin reached a new all-time high of $68,789 in November 2021, SHIB had already hit its all-time high of $0.00008845 in October 2021. Notably, from January to October 2021, Shiba Inu witnessed a remarkable surge of 884,400%.
The Bitcoin Halving and Potential Impact on SHIB
The upcoming Bitcoin halving, estimated to happen this week, has ignited hope for a similar price revival in Shiba Inu. Enthusiasts point to historical precedents, specifically, the bullish trends that follow Bitcoin halving events. For instance, after the May 2020 halving, Bitcoin’s price embarked on a sustained upward trajectory, reaching a peak of $64,863 by April 2021.
If history were to repeat itself, and Bitcoin was to experience a similar 721% increase after the halving, it could climb from its current price of $63,237.93 to over $500,000. A Shiba Inu team member has revealed that Shiba Inu is on track for a super cycle. If the meme coin repeats its phenomenal 884,400% gain based on its current price of $0.00002261, it could reach $0.199.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ShibaInu #SHIB
nice info bro
I lost 90% of my net worth because I was stupid and didn't take profits
In my first bull run, I lost 90% of my net worth because I was stupid and didn't take profits...
Many can tell you when to buy, but nobody says when to sell.
I spent months studying how to sell crypto at its ATH.
Here's my ultimate strategy
👇🧵
Every crypto bull run tends to follow the same pattern: 99% of people either lose everything or simply leave the market at break-even.
This happens because the crypto market is a prime example of human emotions at play, driven by FEAR, GREED, and our "dear" friend called FOMO.
While predicting every crypto move with precision is impossible, having a solid understanding of market structure and some rules can help you secure profits and close positions at the best possible times.
Today, we will delve into the following topics:
👉Market cycle model
👉When to sell BTC/ETH/altcoins/memes
👉Important rules to keep in mind
How Market Cycles Work:
The price of BTC, like any other asset, moves following specific patterns.
This cycle repeats due to human emotions, particularly FOMO.
The diagram below illustrates the emotions traders go through at different time intervals.
While minor variations may occur with each token, the underlying emotions remain consistent.
It's crucial to recognize when alts are starting to really skyrocketing.
During a bullish phase for altcoins, you could potentially earn 100x times more than with BTC or ETH, as they have the potential to yield not just 2x but up to a 1000x return.
You may know how things work in the market and in this world, but if you don't have a system and you can't manage your emotions...
You will get rekt!
Check out my list of rules that help me sell close to ATH and make consistent profits:
① ➬ Think of market profits as your paycheck, not as a lottery win.
Respect your money.
Don't treat it like you're in Las Vegas or some strip club where you can throw money around left and right.
There are no get-rich-quick schemes in this world.
Only slow and steady wins the race.
② ➬ Buy on expectations, sell on the news.
Don't be the person who shows up after the party's over.
When news breaks, it's time to sell, not buy.
By buying late, you're just feeding those who got in early and are now laughing in their new Lambos.
③ ➬ Would you buy a token from your portfolio right now if you weren't already holding it?
As humans, we don't like losses or realizing we've made poor investments, even when they're truly bad.
We often come up with countless justifications for why we're holding onto particular tokens.
You might be astonished by the amount of sh*t assets in your portfolio if you simply pose this question to yourself.
✪ ➬ BONUS
To hit the real jackpot, consider these factors when analyzing a promising token:
· What is the upside potential?
(compare the token with others in the sector)
· Who are the big holders and top VCs involved?
· What is the roadmap, partnerships, team, etc?
· Are there upcoming listings on CEXs for the token?
(listings usually lead to liquidity and price increases, especially upon announcement)
Thank you for reading this article, so please like and follow if you found it helpful
#BinanceLaunchpool #bitcoinhalving #Memecoins #InvestmentStrategies #HotTrends
Many can tell you when to buy, but nobody says when to sell.
I spent months studying how to sell crypto at its ATH.
Here's my ultimate strategy
👇🧵
Every crypto bull run tends to follow the same pattern: 99% of people either lose everything or simply leave the market at break-even.
This happens because the crypto market is a prime example of human emotions at play, driven by FEAR, GREED, and our "dear" friend called FOMO.
While predicting every crypto move with precision is impossible, having a solid understanding of market structure and some rules can help you secure profits and close positions at the best possible times.
Today, we will delve into the following topics:
👉Market cycle model
👉When to sell BTC/ETH/altcoins/memes
👉Important rules to keep in mind
How Market Cycles Work:
The price of BTC, like any other asset, moves following specific patterns.
This cycle repeats due to human emotions, particularly FOMO.
The diagram below illustrates the emotions traders go through at different time intervals.
While minor variations may occur with each token, the underlying emotions remain consistent.
It's crucial to recognize when alts are starting to really skyrocketing.
During a bullish phase for altcoins, you could potentially earn 100x times more than with BTC or ETH, as they have the potential to yield not just 2x but up to a 1000x return.
You may know how things work in the market and in this world, but if you don't have a system and you can't manage your emotions...
You will get rekt!
Check out my list of rules that help me sell close to ATH and make consistent profits:
① ➬ Think of market profits as your paycheck, not as a lottery win.
Respect your money.
Don't treat it like you're in Las Vegas or some strip club where you can throw money around left and right.
There are no get-rich-quick schemes in this world.
Only slow and steady wins the race.
② ➬ Buy on expectations, sell on the news.
Don't be the person who shows up after the party's over.
When news breaks, it's time to sell, not buy.
By buying late, you're just feeding those who got in early and are now laughing in their new Lambos.
③ ➬ Would you buy a token from your portfolio right now if you weren't already holding it?
As humans, we don't like losses or realizing we've made poor investments, even when they're truly bad.
We often come up with countless justifications for why we're holding onto particular tokens.
You might be astonished by the amount of sh*t assets in your portfolio if you simply pose this question to yourself.
✪ ➬ BONUS
To hit the real jackpot, consider these factors when analyzing a promising token:
· What is the upside potential?
(compare the token with others in the sector)
· Who are the big holders and top VCs involved?
· What is the roadmap, partnerships, team, etc?
· Are there upcoming listings on CEXs for the token?
(listings usually lead to liquidity and price increases, especially upon announcement)
Thank you for reading this article, so please like and follow if you found it helpful
#BinanceLaunchpool #bitcoinhalving #Memecoins #InvestmentStrategies #HotTrends
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