Although things can sometimes be calm in the cryptocurrency world, when memecoins come on the scene, things can get hectic all of a sudden. Here, the#mememarket value, which was $28.43 billion at the beginning of September, skyrocketed to $44.40 billion as of October 21! This rise shows that the winds blowing on social media and the speculative interest of investors have caught a new wave.
The influence of big players (whales) cannot be ignored in memecoins. For example, 97% of #CorgiAI's total supply is in the hands of whales.#Dogecoinalso draws attention in this regard with 42%. The intense presence of whales can affect liquidity and cause sudden price fluctuations. In other words, memecoins are perfect for those who like to swim in choppy seas!
#Bitcoin hasn't even tested this area since March 13, 2023 when it broke the red band.
In its correction movement from the 73k region to the 49k region, it switched from a "buy" position to a "wait" position, but never switched to a "sell" position.
While the small investor said, "I'm done for" when it fell, the fathers put their hands on their necks and continued to watch.
In short, are you a trader or an investor? If you are a trader, there will definitely be declines, be careful. If you are an investor, sit back and enjoy. #BTC$BTC $ETH $BNB #BnbAth
Ethena: Changing Dynamics, Trust and Future Perspectives
#Ethena protocol has experienced remarkable changes in the market in recent months, experiencing both growth and decline. On-chain data provides critical clues for investors to shape their strategies, while also providing important signals about the future of the protocol. Let's analyze #ENA's latest performance and data and examine how user trust and market dynamics are shaped.
1. TVL Drop: Risk or Opportunity? Ethena’s Total Locked Value (TVL) has fallen from a peak of $3.6 billion in July 2024 to $2.5 billion in October. This decline may indicate a decline in user confidence or fluctuations in market conditions. However, recent signs of recovery suggest that investors are starting to show interest again. The change in locked value plays a key role in measuring liquidity and user confidence in the protocol.
Solana co-founder Anatoly Yakovenko recently shared vital survival tips for startups on the X platform.
He emphasized that the primary cause of startup failure is running out of funds, and avoiding this can help ensure the company’s survival. Yakovenko warned entrepreneurs to be very careful with long-term contracts, such as office leases or data center agreements, because they are akin to debt. He advised keeping contract expenses below 20% of total expenses, and said that exceeding this threshold is extremely risky.
Yakovenko also emphasized that large teams can burn through funds quickly. He suggested that each employee should be justified by profit or revenue. If a company has 18 months of cash reserves, it should reach profitability or refinance within 6-12 months. If profitability is not reached within six months, a 33% reduction in expenses may be required; after nine months, a 50% cut may be required. Given that contract expenses cannot be reduced, this can lead to layoffs of 50% to 70%.
The Federal Reserve’s Federal Open Market Committee (FOMC) has removed a key statement from its latest statement. It previously removed language indicating that it would not be appropriate to lower the target range for interest rates until there was greater confidence that inflation was moving toward the 2% target.
This change in language signals a possible shift in the Federal Reserve’s approach to managing inflation and interest rates. The removal of this language could signal a more flexible stance on monetary policy that allows for adjustments based on changing economic conditions, rather than strictly adhering to the 2% inflation target.
Market analysts and investors are closely following this development as it could signal future changes in the Federal Reserve’s policy direction. The omission of this statement could lead to increased speculation about the timing and magnitude of potential interest rate adjustments.
The Federal Reserve’s decision to change its communication strategy comes amid ongoing economic uncertainty and changing inflationary pressures. By not explicitly tying interest rate decisions to the 2% inflation target, the FOMC may be trying to give itself more flexibility to respond to a variety of economic scenarios.
Overall, the removal of this key statement from the #fomc statement represents a significant shift in the Federal Reserve’s message and could have significant implications for future monetary policy decisions.
Data tracked by Hyblock Capital on September 14 shows that market depth, which covers buy and sell orders close to or far from market prices, was depleted over the weekend. This pattern typically occurs at market turning points and suggests that Bitcoin’s downtrend from its peak above $65,000 in late August has ended.
Market depth represents liquidity and measures the market’s ability to absorb large trading orders without affecting prices. It usually depends on a variety of factors, including time of day, current market events, and specific price levels.
Market bottoms are characterized by difficulty for investors to take decisive action, resulting in fewer buy and sell orders and reduced liquidity.
“By analyzing aggregate spot order books, particularly those with depths of 0%-1% and 1%-5%, we found that low order book liquidity often coincides with market bottoms,” Shubh Verma, co-founder and CEO of Hyblock Capital, told CoinDesk. These low order book levels can be early indicators of price reversals, which often precede bullish trends.”
Here are the important headlines in the cryptocurrency world for August 19, 2024:
1. US Political Developments: The Democratic Party's 2024 platform was released today and it was striking that#cryptocurrencieswere not mentioned at all. This situation caused uncertainty about cryptocurrencies. There is a clear difference between this situation and the Republican Party's positive stance on cryptocurrencies.
2. Market Movements:#Bitcoin(#BTC) is currently trading at around $59,100, while#Ethereum(#ETH) is around $2,600. The global crypto market cap has decreased by 1.4% in the last 24 hours.#XRPand#TRXare among the biggest gainers, while Cardano (#ADA) has fallen out of the top 10 in market cap.
3. Corporate News: Investment giant BlackRock has surpassed Grayscale to become the largest crypto exchange-traded fund (#ETF) provider in terms of assets under management. This situation shows that institutional interest in Bitcoin in particular is increasing.
4. Regulatory Changes: The Federal Reserve and FinCEN plan to revise the definition of “money” in the Bank Secrecy Act to include cryptocurrencies. This move could have significant implications for compliance and reporting requirements for crypto businesses and users.
5.#DeFiand #NFTs: The DeFi sector continues to grow, with total value locked (TVL) up 3.5% in July. Meanwhile, trading volume in the#NFTmarket has declined, with large Ethereum collectibles falling significantly, while Solana-based NFTs have shown some growth.
Vulnerabilities and Lost Values Decentralized Finance (DeFi) stands out as a space that has the potential to revolutionize the crypto world. However, this innovative financial ecosystem is also facing serious security vulnerabilities and major losses. DeFi Exploits Dashboard data provides an in-depth look at security breaches and losses in this dynamic ecosystem, contributing to the understanding of the current situation. Total Value Lost in DeFi
Arkham:#DecentralizedBlockchain Analysis and Information Platform
• Arkham is an analysis platform that deanomizes blockchain data, making on-chain transactions more transparent. It uses advanced tools to correlate cryptocurrency activities with real-world assets and provide users with clear and actionable insights.
• Arkham provides transparency by analyzing blockchain data and provides users with the information they need to make more informed decisions.
• This platform aims to establish a delicate balance between privacy and transparency in the crypto ecosystem, revealing users' activities by monitoring transactions in the decentralized world.
✅ Strategic Partnerships and Integrations #Arkham; It works integrated with leading blockchain networks such as #Bitcoin #ETH , #Binance , #Polygon, #Avalanche,#Arbitrumand #Optimism. It can therefore track a wallet across almost any network.$BTC $BNB $ARKM
✅ AI-Powered Crypto Analysis Arkham's AI-powered algorithm called#Ultraanalyzes blockchain addresses, associates these addresses with real-world institutions, and provides users with in-depth analysis.
This technology makes crypto transactions more transparent, while also playing an important role in detecting malicious activities such as fraud.
✅ Arkham Intel Exchange#ArkhamIntelExchangeis an on-chain marketplace that allows users to anonymously buy and sell blockchain intelligence, which they call the "intelligence economy."
✅ Who Supports The companies supporting the Arkham project include some of the most prominent investors in the crypto space and beyond. These companies and investors include: - Co-Founder of OpenAI (unnamed) - Co-Founder of Palantir Joe Lonsdale (8VC) - Tim Draper of Draper Associates - Wintermute - GSR - Bedrock Founder Geoff Lewis
Binance Introduces Toncoin on Launchpool: A New Opportunity for Crypto Enthusiasts!
As the cryptocurrency world continues to evolve,#Binancecontinues to offer exciting opportunities to its users by listing new projects. The latest addition to Binance’s impressive projects is Toncoin. Toncoin (TON), a decentralized and open Layer 1 blockchain, has been selected as the 56th project to be introduced on BinanceLaunchpool. Toncoin’s entry into Binance Launchpool is a significant moment for the crypto community, especially for those looking to expand their portfolio with promising digital assets.
Those who hold $BNB will receive $BANANA in proportion to the amount of #BNB they hold in their Binance Kazan wallet between June 23 and July 5. The important point here is Binance Earn. If you are not going to trade, be sure to keep your BNBs in the Earn section so that you do not miss the next airdrops, megadrops and launchpools!
Pay attention here, the token of the BANANA GUN project will be distributed, not BANANA, which has a similar name. Don't fall into the mindset of buying from somewhere else and selling from here, you may fall into scam projects!
Currently the price is around 70 dollars. Naturally, the amount received - in terms of pieces - will be small, but it will please us in USD. If you fold it beautifully, it won't be overpowering.
Key Metrics: Token Name: Banana Gun (BANANA) Total Token Supply: 8,900,000 BANANA Max Token Supply: 10,000,000 BANANA HODLer Airdrops Token Rewards: 800,000 BANANA Current Circulating Supply: 2,420,000 (27% of total supply) Circulating Supply upon Listing on Binance : 3,220,000 BANANA (36% of total token supply)$BTC
The Ethena protocol has seen a noticeable increase in the supply of its stablecoin USDe; The supply increased from 1.3 billion at the beginning of 2024 to 3.5 billion by July. This growth points to the protocol's promise of high returns to its users.
USD Supply
Transaction volumes on the rise: Daily volumes reached up to $4.2 billion on June 10, 2024. This high level of activity indicates strong user interaction and liquidity within the protocol.
Active addresses for USDe,#ENAand SUDE increased significantly; USDe's active addresses increased from 8 in January to 3,834 by April 10, 2024. This increase shows that interest and adoption of the Ethena protocol is increasing.
There are many methods of making money in the industry. Trade, study and airdrop are the main ones.
Although there are many cost-free options on the airdrop side, this area is also a method used by scam projects to create a community. That's why we prioritize activities that require even a small amount of capital. The most important of these is the MegaDrops organized in cooperation with #Binance #web3 wallet.
Megadrop, unlike launchpool, prevents you from winning by only $BNB with web3 tasks. In addition, since BNB imposes a limit on staking points, it provides a good opportunity for users with no capital or low capital. For example, 800k was determined as the upper limit in the Lista peoje. No matter if he stakes millions of bnb, no one can earn more LISTA.
In this sense, even if you do not stake BNB, you can participate in airdrop with a total budget of 10 dollars by just doing the WEB3 task. Since you will get back the BNBs you will use for the staking task, the real cost will be 0.10 dollars.
I definitely recommend you to take a look at the MegaDrop event, which is in its final days.
As a security warning, it is not possible to obtain $IO other than staking BNB or#FDUSDthrough the #Binance launchpool
Recently, 85% has been allocated to the $BNB pool and 15% has been allocated to the $FDUSD pool. The staking process has started and will last for 4 days!
Now let's come to the details of the project:
$IO ; is a decentralized AI computing and cloud platform. io.net aggregates GPU supply from underutilized sources, creating a network that gives machine learning (ML) startups access to nearly unlimited computing power at a fraction of the cost of the traditional cloud.
Let's add that it raised $30 million from the Series A round held on March 5, 2024, led by HackVC, as well as many Tier 1 funds such as Delphi Digital and Multicoin Capital.
🔹Maximum Token Supply: $800,000,000IO 🔹Total Token Supply in Genesis 500,000,000 IO 🔹First Circulation Supply: 95,000,000 IO (19% of total token supply in Genesis)
#Bitcoin When Does This Cycle See Ath Level? When to Buy Altcoins?
We have experienced 4 halving periods so far. The 5th Halving will probably take place on May 22, 2028.
When we look at previous halvings, 11 months after the 1st halving 16 months after the 2nd halving Cycle peaks (#ATH) levels were seen 16 months after the 3rd halving.
Again, if we take the 16th month as a basis, there is time until September 2025. However, we saw satisfactory increases for most projects in April 2021, which was the 10th month in the last cycle. In the next Ath journey, the bottoms generally collected horseshoes. Naturally, when it reaches the 150k region, which is my estimate (2x compared to the previous ath level), it will be time to go out slowly.
While all this is happening, we will definitely keep an eye on dominance.
Again, when previous cycles are examined, #BTC.D value is 2x. Although the alts rallied after the halving, there was no significant rally on the #Bitcoin side. What is meant here is not the#bitcoinprice, which has increased approximately 5x from the bottom, but the Dominance crush.
If we examine the bear period, yes, $BTC rose by 150% as dominance and a correction came. wrapped horizontally. thanks. However, a dominance rally accompanying the BTC rally was not observed. At this stage, I foresee that we can earn higher returns by protecting the amount of BTC we have and adding as much as possible to BTC.
Our plan is this: As I have been saying for months, even these prices are still a buying opportunity for BTC. Even if we invest in altcoins, our main balance - excluding scalp or day trade balances - should be in BTC. On the dominance side, we should switch to horses when we see a solid peak on the BTC.D/ OTHERS.D chart.
The data says that bitcoin will also go to the bottom. However, it does not say that altcoins will go further. He says that BTC may be faster, but in the worst case scenario, it is not worth taking the risk as it will provide a return at par with #altcoins.
I hope everyone will have a season with lots of wins.