How to invest in the cryptocurrency market intelligently? Let's talk about FLy Launchpad
By 2027, the expected market value of cryptocurrencies is expected to reach $24 trillion, equivalent to 10% of global GDP. So, we can clearly say that digital assets are booming. Many companies use cryptocurrencies. For example, in the financial and technological sectors. Tesla and Square have invested $1.5 billion and $50 million in Bitcoin respectively, while giants such as JP Morgan, Citigroup, Wells Fargo, and PNC are implementing blockchain for the infrastructure to support various digital assets.
At the time of writing, the price of #avalanche is trading at just under $28. Hence, the recent volatility in Avalanche shows a bullish correction in the cryptocurrency. This allowed it to re-enter the $27 support and stay above the defined value area below $26. Although one might imagine this rally continuing, Avalanche's short-term trend remains bearish. In the medium to long term, Avax's trend appears to still be bullish. However, it is increasingly worrying, as evidenced by the 50- and 200-day moving averages, which are both above the cryptocurrency price and both trending lower. Unsurprisingly, in terms of Avalanche's momentum, you can see that it has declined significantly, as evidenced by its price.#Binance #solana
Standard Chartered Bank, one of the largest banks in the world, announced the launch of a spot trading desk for Bitcoin and Ethereum. This initiative represents a major breakthrough in integrating cryptocurrencies into the traditional banking sector
Hypotheses about Avalanche price #AVAX If Avalanche price remains above $25, one can expect the rally to continue at the $30 level. The next resistance to consider will be at the $35-$40 level. If the upward movement continues, this could mean reaching the $50 level. At this point, that would represent an increase of over 80%. If Avalanche price fails to stay above $25, we can envision a return at around $22 or even $21. The next support to consider, if the downward movement continues, will be around $19. Below, we can see support at $16. At this point, that would represent a decline of about 42%.
A big announcement has just been made in the markets: the US Securities and Exchange Commission has officially approved Bitcoin spot ETFs. This decision, long-awaited by investors, marks a turning point in the history of Bitcoin. However, despite expectations, the impact of this news on the market was not as great as expected.$BTC #solana #Binance #bitcoin #fakhr
Direct Swapping Between BNB Chain And ShareLedger Is Now Available, After ShareRing Released an ID F
ShareRing recently launched the Near Field Communication (NFC) technology and they improved the functionality of the FaceMatch feature.
In an earlier announcement, ShareRing divulged that access to NFC technology and revamped FaceMatch will only apply to users who register using their government-issued documents like passport and national identity cards, thereby permitting them to use any of ShareRingâs tools, including ShareRing ID and ShareRing Vault.
In laymanâs terms, futures trading is an agreement to buy or sell an asset at a predetermined price later, whether physical or digital. Futures trading is a standard trading method on stock exchanges and other platforms, but cryptocurrency exchanges have incorporated it as a trading option on DeFi. Futures trading is widely accepted in cryptocurrency and is set to become fully mainstream in the DeFi summer of 2020. Despite being in a bear market for the better part of a year, futures trading vol
What is the importance of encrypted heatmap? A cryptocurrency heatmap is a visual representation of the performance of different cryptocurrencies. It uses different colors to indicate the rise or fall in value of these digital assets over a specific period of time. The warmer the color, the higher the price movement, and vice versa. It's a quick and easy way to understand market dynamics at a glance.
Cryptocurrency heat maps are especially useful for traders and investors who need to keep their finger on the pulse of the market. It provides an overview of market activity, helping users identify trends and patterns. This information can be crucial in making informed decisions about buying, selling or holding a particular cryptocurrency.
However, it is important to note that although cryptocurrency heatmaps may provide valuable insights, they should not be the sole basis for investment decisions. It is always a good idea to conduct thorough research and consider multiple sources of information before making any investment decisions in the volatile world of cryptocurrencies.$DOGE $PEOPLE
Concerning inflation Jerome Powell surprised observers during his speech at the Economic Club in Washington, D.C., when he stated that the Federal Reserve will not wait until inflation reaches 2% before cutting interest rates. This announcement represents a turning point in US monetary policy.
The Fed Chairman justifies this position by pointing to the "long and variable delays" of monetary policy. He believes that waiting too long could push inflation below the 2% target. As a result, the Fed is now seeking "greater confidence" in bringing inflation back to its target. This more flexible approach could stimulate the economy more quickly.
#solana The industry expects a quick launch of the spot Ethereum ETFs. Eric Balchunas, senior analyst at Bloomberg, mentions a probable window around July 23. He specifies:
âThe SEC has asked issuers to submit their revised S-1 forms by July 16. This suggests a potential launch as early as the following week.â
Predictions are optimistic regarding the adoption of these new products. Tom Dunleavy, an institutional investor, anticipates massive capital inflows:
#BTC $BTC Bitcoin Whales Unfazed by Mt. Gox Distribution Over 36% of the Bitcoin owed to Mt. Gox creditors have been distributed, but Bitcoin whales continue to accumulate despite potential sell pressure. The data was given by CryptoQuant on their X post. In the post, they highlight that Mt.Gox trustee currently holds 141,686 BTC, which will be distributed in the future and 36% of BTC is already distributed to the former holders.
Binance Square: Share links and complete tasks to get up to 100 USDT in rewards
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Binance Announcement
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Binance Square: Share links and complete tasks to get up to 100 USDT in rewards!
This is a public announcement. The products and services referenced here may not be available in your area. Dear Binance members, [Binance Square](https://www.%suffixOrigin%/%locale%/feed) is pleased to introduce the new â[شاع٠ŮتعبŘ](https://www.%suffixOrigin%/%locale%/square/share-to-win)â activity, where verified users can participate to receive over 100 USDT in rewards. . Activity period: 05-23-2024 at 09:00 (UTC) to 06-06-2024 at 09:00 (UTC)