Recently, this project $ME has really been astonishing, having raised nearly 150 million, with even COINBASE investing in it, and with such a large issuance, the performance post-launch has been a complete disaster.
It turns out that prior to the launch of ME, there were some pre-market transactions and futures contracts, allowing those who participated early to make some profit.
When ME officially launched, the price surged to around 30, and then it plummeted like going down a slide, all the way to about 3.6.
Looking at the K-line chart, during this recent period, the K-lines have been trending downward, especially from December 14 to 16, when the price dropped from 4.2 to 3.7.
There are also many long upper shadows and bearish candles, indicating that market pressure is quite high.
In terms of technical indicators, the MACD is already in the bearish zone, with both DIF and DEA being negative, and there are no signs of a potential reversal, indicating that further declines are expected.
The RSI is also nearing the oversold area; although there may be a brief rebound, overall it is still not looking good. EMA7, EMA30, and EMA120 are all lined up going downward, with the price below them, clearly showing a downward trend. EMA7 is also blocking the price from rising.
The trading volume has also decreased; after the sharp drop on December 14, trading volume diminished, as everyone is hesitant to buy and is waiting on the sidelines.
With the decrease in trading volume and the continuous price drop, it indicates that the momentum for decline has lessened a bit, but there are still no signs of stopping.
Recently, I plan to set up a position in a potential coin that is ready for a significant rise, doubling my investment seems quite easy. I am also preparing to find some potential coins to hold until the end of the year, expecting a return of over 10 times is not a problem. If you want to keep up, like + comment, and share freely.
Binance will list Velodrome Finance (VELODROME) and add seed tags to it
According to Binance's announcement, Binance will launch Velodrome Finance (VELODROME) and open VELODROME/USDT spot trading pairs at 22:00 (ET) on December 13, 2024. Users can deposit VELODROME 2 hours before the start of trading, and withdrawals will be open at 14:00 (UTC) on December 14, 2024. Seed tags will apply to VELODROME.It is reported that Velodrome Finance is the next-generation AMM DEX, aiming to become the liquidity center of Superchain.
In the cryptocurrency world, if you become a millionaire through trading coins and want to transfer this amount back to a domestic bank account, you need to be especially careful. Direct transfers may attract the attention of regulatory authorities, becoming unclear sources of property and even potentially violating laws. However, don't worry, there are still several legal avenues to explore.
The first method is: Withdraw USDT to the BiyaPay wallet, which has obtained a legal license in the United States. At BiyaPay, you can exchange digital currency for US dollars and then transfer through banks like Wise or OCBC. Although there may be certain fees during this process and potential losses in exchange rates, the source of the funds is legal, and the process is transparent. Through Wise, you can transfer US dollars back to domestic accounts like Taobao, WeChat, or Chinese banks, but be aware that Wise has an annual transfer limit. For OCBC's 360 account, the advantage is that you can directly withdraw cash domestically and are not subject to the $50,000 limit, which is particularly important for larger transfers.
The second method is to withdraw USDT through the Kraken exchange and transfer it to iFAST's UK bank account. Kraken, as a legitimate exchange, has complete licensing and can provide trading services that meet regulatory requirements. This method is also legal and suitable for users with significant transfer needs. However, it should be noted that there may be certain fees incurred throughout the process, and exchange rate losses are also unavoidable. Additionally, Kraken's speed in fund withdrawal is relatively fast and supports multiple currency transactions, making it convenient for users to operate flexibly.
The third method is to transfer through multi-level financial platforms of overseas accounts. Some platforms like Revolut and Payoneer also support converting USDT or other cryptocurrencies into fiat currencies and transferring through banking channels. Although these platforms may offer lower fees and more favorable exchange rates, it is essential to pay special attention to the platform's compliance and changes in local regulatory policies to avoid unnecessary risks due to improper operations.
Regardless of which path you choose, it is necessary to conduct compliance checks in advance and ensure that the flow of funds is transparent, avoiding legal issues due to non-compliance with regulatory requirements. Additionally, it is recommended to consult professionals through formal channels to ensure that all operations comply with laws and regulations.