$BTC the reason behind the price drop:- Yesterday, the Bitcoin ETF outflow amounted to $55 million. Among the key players, Grayscale's GBTC faced a significant net outflow of $166 million, while BlackRock's IBIT saw a contrasting net inflow of $111 million. Fidelity's FBTC remained neutral with a net inflow/outflow of zero.
From past couple of hours BTC is retaining its value because of the retail investors,they are taking advantage of low price and acting bullish in market, you can clearly analyse the bullish pattern after the yesterday dump.
$BTC will retain it’s value very soon, those who are saying that BTC will dump to 55,000$ they are just making wrong assumptions without reasonable knowledge.
According to Coinglass data, the total liquidation amount across the network reached 161 million US dollars in the past 24 hours. Of this, long position liquidations were about 64.04 million US dollars and short position liquidations were about 96.89 million US dollars. Bitcoin liquidations were approximately 57.44 million US dollars, while Ethereum liquidations were around 42.96 million US dollars.
Lookonchain monitoring shows that yesterday, a whale deposited 11,275 ETH ($37.4 million) into Binance, with a loss of about $500,000. As the price of ETH rose, the whale withdrew 9,092 ETH ($31.7 million) from Binance in the past hour and borrowed 18 million USDT to buy more ETH.
#Write2Earn Sol vs ETH Solana and Ethereum are both blockchain platforms, but they have different architectures, consensus mechanisms, and goals. Here's a comparison of the two:
1.Scalability: Solana is known for its high throughput and low latency, capable of processing thousands of transactions per second (TPS). Ethereum, on the other hand, faces scalability challenges, with its current throughput limited to around 15-30 TPS. Solana's architecture is designed for horizontal scaling, allowing it to handle increased transaction volume without sacrificing performance.
2.Consensus Mechanism: Solana uses a unique combination of Proof of History (PoH) and Proof of Stake (PoS) consensus mechanisms. PoH timestamps transactions to establish a historical record, while PoS is used for block production and finalizing transactions. Ethereum currently operates on a Proof of Work (PoW) consensus mechanism but is transitioning to Ethereum 2.0, which will use a Proof of Stake (PoS) consensus mechanism to improve scalability and energy efficiency.
3.Development Environment: Ethereum has a well-established ecosystem with a large number of developers and projects. It supports a wide range of programming languages and has extensive tooling and documentation. Solana, while growing rapidly, is still newer compared to Ethereum but offers developer-friendly tools and libraries to simplify dApp development.
4.Security: Both Solana and Ethereum prioritize security, but their approaches differ. Ethereum has a large network of miners securing the network through PoW, while Solana utilizes PoS with a network of validators to achieve security.
5.Adoption and Recognition: Ethereum has been around longer and has greater recognition and adoption in the blockchain space. However, Solana has gained significant attention due to its high throughput and performance capabilities, attracting developers and users looking for scalable blockchain solutions.
Summary:- Solana excels in scalability and performance, while Ethereum has a larger existing ecosystem and recognition.
1.Never ever buy any coin on someone else predictions always do your own research.
2.Alway analysis at least 1 day chart before making the trade.
3.Try to catch yourself up with the market sentiments , always follow trends either it’s upward ,downward or in different ranges.
4.Stay away from MEME coins these coins are for those who had no brain of investing money because no one can invest in useless things and MEME coins don’t solve real world problems and don’t have any use case, out of 10 all 9 people ending up losing their money to the 10 one who gain massive high because all 9 people lose their money to the 10 one.
5.Don’t do betting, these coins are not for gambling, always remain patience in buying any coin, don’t FOMO.
6. Don’t think you’re late in market because till up to this day crypto market has reached just to 20% of its full potential, so if you make your move intelligently you’ll be rewarded. 7. Don’t panic buy or panic sell, 90% of the time coin retain its value back, you should have holding power.
8.Don’t follow some random guy signals Best of luck to all new investors.
1.Never ever buy any coin on someone else predictions always do your own research.
2.Alway analysis at least 1 day chart before making the trade.
3.Try to catch yourself up with the market sentiments , always follow trends either it’s upward ,downward or in different ranges.
4.Stay away from MEME coins these coins are for those who had no brain of investing money because no one can invest in useless things and MEME coins don’t solve real world problems and don’t have any use case, out of 10 all 9 people ending up losing their money to the 10 one who gain massive high because all 9 people lose their money to the 10 one.
4.Don’t do betting, these coins are not for gambling, always remain patience in buying any coin, don’t FOMO.
5. Don’t think you’re late in market because till up to this day crypto market has reached just to 20% of its full potential, so if you make your move intelligently you’ll be rewarded.
6. Don’t panic buy or panic sell, 90% of the time coin retain its value back, you should have holding power.
7.Don’t follow some random guy signals Best of luck to all new investors. I hope all of you will achieve your goals.
$AEVO #Write2Earn The day I make that 10$ $AEVO claim 90% of the people were posting same high high gains, The only difference is that after 5 days I realised that I was a mistake so I posted again so all who are holding it because of my post don’t make further losses I swear I sell them at loss I will try to minimise your loss if you follow me on copy trading,
#Write2Earn Solana the next big thing After digging deeper into Solana network I analysed the data and compared with its competitors Ethereum , In my opinion Solana will takeover Ethereum because Solana platform is providing fast speed to layer 1 coins and also cheaper and easily to adopt nature, Solana will perform better and more layer 1 coin will prefer Solana over Ethereum so because of this I think Solana will touch all time high in the last of this year and touch 700$ mark and can go up to 1000$ mark easily As all of you had already seen SoL price skyrocketed within last few months For all long time holders I suggest you should hold 30% of your portfolio in Solana #DYORAlways May Allah bless all of us And give us which is best for us.
#Write2Earn $AEVO jus 20 million in vol in 24 hour guys who are saying this will go up to 10 dollar are those having Aveo in their portfolio They are holding the falling wall in hope of recovering their investments and they also want other people to hold Aevo to avoid crazy dumping I advice you all should sell off this shit coin and try their luck on Solana There are 100% chances of Solana reaching 700 dollar by the end of this year. #DYOR*