👀Has everyone noticed how Musk has started shilling Doge again? Even more than before.
(Screen from Musk's Twitter)
Musk previously stated that through the DOGE department, he could help reduce the annual expenses of the US government by $2 trillion if Trump becomes president.
NOTcoin, DOGS, HMSTR and TON are among the TOP-30 most popular cryptocurrencies of the week.
🐝 Objective reality
Unfortunately, the popularity of most of them is connected with active discussions about selling the drop. And again we return to the lack of money in this segment. If there were fat degens in TON, all these four tokens would feel much better.
🔭 Question: where can I get them?
The answer is actually simple - to start active expansion into money regions. Until now, TON covers mainly a number of Asian countries, the CIS and Africa. There were attempts in China, were they successful - rather no than yes. But there are objective reasons for that (Durov's arrest), the start was good.
American TV channel HBO has made a new documentary that claims to have uncovered the true identity of Bitcoin's pseudonymous creator Satoshi Nakamoto. The film is due out on October 8.
👾 Spoilers:
Galaxy Digital's head of research said he heard an HBO documentary claim that Nakamoto's real identity is Len Sassaman.
Despite all the success of the tokens, of all the coins in the TON ecosystem, only TON remains firmly in the TOP-100 by capitalization.
🤑 NOTcoin: has been in a purely downward trend since July 3. It is already trading cheaper than at the time of listing and is preparing to fall out of the TOP-100 - it is currently in 99th place.
Peter Schiff claims that Bitcoin is trying to keep up with gold's impressive performance, but failing. Bitcoin's market cap is currently around $1.22 trillion, while gold's market cap is over $17.7 trillion.
Gold has reached an all-time high of $2,614, while Bitcoin hasn't hit a new high since March 2023.
🗣If you had to choose between investing $10,000 in Bitcoin or gold right now, which would you choose and why?
I won't gloat and shout: "But I spoke from the very beginning, and you didn't listen", although I have every right to do so)
I hope this news item will become a colorful lesson, and now we will finally focus only on projects that deserve your time, without wasting it on slag and traffic pimps. Drophunting is not just a hobby or entertainment. It is an exchange of your time for money, like a regular job, only not in an office and not physical labor. But the essence of "business" relations is the same. Where you can invest your time:
🎁 Also, information appeared that we will receive the first rewards on November 4, 2024. For now, we are just farming points in the application. We are waiting for updates and news.
Digging Deeper: Are NOT and DOGS of No Use to Anyone?
It is no coincidence that I raised the issue of the number of traders on DEX exchanges in the context of the TON blockchain. Although TON is in the TOP-5 in terms of the number of participants, the trading volumes are disproportionately small. Something is not right here, is it? Let's figure it out now:
⚙️ Trader profile
Let's dig a little deeper and see what kind of traders are trading on the TON blockchain. About 95% of these traders are engaged in NOT and DOGS coins. But there is one BUT: in fact, these are not traders, they are ordinary drop sellers:
Binance Moonbix — let's enter the game from the Binance exchange!
The official announcement was, ... Perhaps, as in the case of OKX Racer, who leaked the link to the public earlier. Therefore, we enter the project first, while others are sleeping.
The largest exchange Binance, following the listing of Khomyak, announces the listing of Catizen. Let's go through the details and why it is profitable to buy BNB now
🐈⬛️ Cats is coming to Binance: details
There will be 1 billion CATI tokens issued, and Binance Launchpool will allocate 90 million, a record 9% of the total supply. Users will be able to stake their BNB and FDUSD (Binance's stablecoin) to receive bonus CATI tokens starting September 16 and running until September 19.
The largest exchange Binance announced the listing of Hamster Kombat Let's figure out what pros and cons this event brings, and what is the emission of tokens?
🎉 Details:
Hamster Kombat will have a total supply of 100 billion HMSTR tokens, and Binance Launchpool will allocate 3 billion (3% of the total supply). Users will be able to stake their BNB and FDUSD (Binance stablecoin) to receive bonus HMSTR tokens starting on 2024-09-19.
Tokenomics Intelligence: Token Burning vs. Inflation
Token burning and inflation are two opposite strategies for managing the economy. How and why do they work in different areas? Let's look at their features and impact on the markets.
🔥 What is token burning?
Token burning is a method of reducing the total number of tokens in circulation. Developers can burn a portion of tokens to create a deficit, which can potentially increase the value of the remaining coins. This process is often used to combat inflation within a project and as a way to manage the supply.
The adoption of an ETF for a token is an obvious trigger for growth, so why is Ether not growing, but rather entrenched in the 2300 region?
📉 Price collapse
After the adoption of ETH-ETF, the price reached $3500. But after the start of ETH-ETF trading (if I am not mistaken, on July 23), the price of ETH fell by more than 25%.
Everyone knows that states form so-called gold and foreign exchange reserves. Not long ago, they began to form crypto reserves, but so far only a small percentage. Let's compare the reserves:
🏅 Reserves of countries (gold)
Of all the world's mined gold reserves, approximately 17.2% are held in foreign exchange reserves by countries. This reflects the amount of gold that governments and central banks hold as part of their official reserves.
🦀 It's a pity for those who are not patient enough one step before triumph
Market cycles start from the accumulation stage. Remember how markets strive to capture liquidity for their savings. Do not consider anyone in the market your ally. Everyone wants to take possession of your assets, that's why you were brought to the market.
Bitcoin matters, and during accumulation, the puppeteers find more and more arguments to get it from you.
P.S. I saw that many do not understand the schedule: August often becomes the last month of accumulation before the upcoming growth (with a peak in 9-11 months), I wrote in more detail here 👇 #BTC #binance #Bitcoin #биткоин $BTC
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CriptoFox
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9% of time has passed until the next halving. Here is the current situation:
The Bitcoin halving took place on April 20 this year. We have covered 9% of the distance to the next, fifth halving. Let's see how things are going: is everything good?
🚀 When to expect a super breakthrough?
The chart of previous halvings clearly demonstrates that we are only, at best, a third of the way to the super-breakthrough. There are about 10 months left until the peak of the cycle.
There is a problem with meme availability. Platforms like PumpFun and SunPump are too aggressively gobbling up meme liquidity, which is what Solana always feeds on.
🚗 Easily accessible:
You can create your own meme in almost two clicks, which is being used very heavily by scammers, damaging the entire meme sphere. Of course, it is not critical and will not become so either today, or tomorrow, or in a year, or in two years, but there is a warning sign. The ever-expanding meme market has been almost at a standstill since April, slightly below the March wave.
Futures. A convenient mechanism or a casino after all!?
As the number of users who have bought crypto at least once increases, which is 350 million more than it was five years ago, demand for exchange-traded products, including futures, which promise huge profits... and risks, is also growing.
⚡️Differences from spot trading:
In spot trading, we operate on the principle of "buy today - sell tomorrow", but futures work a little differently. Futures trading is different in that you do not actually buy or receive cryptocurrency immediately. Instead, you enter into an agreement "to buy or sell a certain amount of cryptocurrency in the future at a price that you determine now". The main thing here is that you are working with a promise of a future transaction. You do not have the asset in your hands, but only its value.
During interrogation in the French capital, Pavel Durov revealed that he had been in contact with French intelligence services before his arrest, reports Libértation.
The article reveals that Durov held meetings with counterintelligence agents in Dubai and, as part of cooperation in the fight against terrorism, established official channels of communication with the French General Directorate of Internal Security (DGSI).
Three years ago, Vitalik Buterin said he had 325,000 ETH ($1.46 billion at the time) when the ETH price was $4,500. Now he has 240,000 ETH ($600 million). Over the past 3 years, he has reduced his assets by 85,000 coins.
🤔 Why is the founder selling coins?
So how can we be sure of the development of the blockchain if the founder himself is actively dumping his coins? At first glance, this may cause concern among investors and market participants. Some media outlets are very fond of picking up and inflating such information, misleading ordinary yukhers.