Predict the closing price of Notcoin's H1 candle when $NOT is listed on @Binance on May 16 to grab ⤵️
🎁 Prize: $100 USDT for 5 members who have the closest prediction in the comment section before snapshot time will receive the reward (max deviation percentage: 20%) 🤑
Rules✅ 1. Like and share the post on Binance Square 2. Share this post with your Binance Square price prediction to receive the price
🗞Here is one of the cryptocurrencies to follow for 2024:
👉🏼ALPH/USDT 🥇
For what ? - First extensible layer 1 Blockchain. - Improves the concepts of Proof of Work and UTXO. - Capacity of 10,000 transactions per second - New sharding algorithm (BlockFlow) - More programmable and more energy efficient than Bitcoin - Safer and more scalable than Ethereum - More decentralized and more reliable than Solana - Advantageous tokenomics
> Exchanges start today. Based on Binance Launchpool history, $BB could list between $0.70 and $1.5, potentially generating a profit of $100 to $120 for users.
> Binance's Web3 MegaDrop campaign is now complete. All eligible users received $BB tokens.
> No need to claim anything. Rewards automatically sent to your Binance Spot wallet.
> Each user received a minimum of 79 $BB tokens, an excellent return for a Bitcoin investment.
Launch of the BounceBit (BB) Token: A New Era for Cryptocurrencies😱
Today we are witnessing a milestone in the world of cryptocurrencies with the official launch of the BounceBit (BB) token. This May 13, 2024, the BounceBit mainnet is activated, and with it, a new promise of blockchain technology and decentralized finance.
The BB token, at the heart of this innovation, is distributed for the first time to early adopters via an airdrop, rewarding the community who believed in this project from its beginnings. With its unique dual staking mechanism, BounceBit positions itself as a potentially disruptive player in the crypto landscape.
While BB's price rate is not yet established, the anticipation around its value is palpable. Investors and blockchain enthusiasts are eagerly waiting to see how BB will be received by the market.
Stay tuned for more information and get ready to be part of BounceBit history.
🗞Here is one of the cryptocurrencies with very high potential to follow for 2024:
👉🏼POLYX/USDT 🥇
For what ? - Explosive RWA sector - One of the only layer 1 blockchains in this sector - Forecast of 26.1 billion dollars of liquidity in this sector in 2030 (1.2 billion at present) - Make tokenization of real-world assets more efficient. - 500 million Polyx stacked - Transactions with low fees and fast - Little capitalized layer 1 blockchain. - Advantageous tokenomics
When it comes to investing in Bitcoin, Bitcoin ETFs and directly purchasing BTC present themselves as two distinct strategies. Here is a brief comparison to enlighten new investors.
Bitcoin ETF - A Regulated Route:
- Accessibility: Ideal for those who prefer the simplicity of traditional markets. - Security: Provides regulatory protection against market risks. - Practicality: Easy purchase and sale via known exchange platforms.
Disadvantages:
- Fees: Management costs can eat into profits. - Distance: You do not have direct possession of the BTC.
Direct Purchase of BTC - Absolute Control: - Ownership: You own and control the BTC, with all the prerogatives that come with it. - Potential: Direct exposure to the volatility and growth opportunities of Bitcoin.
Disadvantages:
- Complexity: Requires an understanding of blockchain technology and security measures. - Risk: More exposed to market fluctuations and security issues.
Verdict for Investors: Bitcoin ETFs are suitable for investors looking for a familiar and regulated experience. Buying BTC directly is for those who are ready to dive into the world of cryptocurrencies with a more active and personal approach.
#ETFvsBTC In the world of cryptocurrency investing, the comparison between Bitcoin ETFs and buying Bitcoin directly is crucial for investors. Each of these options has its advantages and disadvantages, and understanding these differences is essential to making informed decisions.
Bitcoin ETFs provide ease of access for those new to cryptocurrencies. They are simple to purchase, making them an attractive option for those looking to invest in Bitcoin without having to navigate the technicalities of acquiring it. Additionally, being regulated, ETFs provide some regulatory certainty, which can reassure investors about the legitimacy of their investment. Additionally, ETFs provide diversification by investing in a basket of cryptocurrencies, which can reduce risk for investors.
However, Bitcoin ETFs also have drawbacks. They include management fees that can reduce investors' returns. Additionally, investors do not actually own the BTC when investing in ETFs, thus limiting their control over the use of the funds.
On the other hand, purchasing BTC directly provides investors with complete ownership over cryptocurrencies. This means they have full control over their investment and can decide how to use their funds. Additionally, purchasing BTC directly has higher value potential as investors directly benefit from Bitcoin's appreciation in value.
However, there are also disadvantages to purchasing BTC directly. It can be complex to purchase and secure BTC, requiring some technical expertise. Additionally, Bitcoin is known for its volatility, meaning investors may be exposed to significant price fluctuations.
📊Using the unrealized profit/loss indicator, we can identify the classic euphoria phase of a bull market where unrealized profits exceed more than half the size of the market capitalization (NUPL > 0.5).
During the 2020-21 cycle, this phase was triggered 8.5 months after the Bitcoin halving and saw a sustained rise for almost 10.5 months thereafter.
🚨However, during this cycle, NUPL exceeded 0.5 approximately 6.5 months before the halving. This distinct change highlights the importance of US ETFs in accelerating price action by introducing strong demand to the market.🇺🇸