In an internal letter, CZ expressed gratitude for support amid challenging times, acknowledging the difficulty of the day during legal proceedings and mentioning structural changes for Binance's future.
CZ emphasized confidence in Binance's resilience, encouraged staff to continue performing admirably.
âȘ Community âȘ Source#RichardTeng #ordinals #Blast
Will Bitcoin (BTC) Rise to $50,000 During This Bull Run? Check CHART
After a brief dip on November 16, Bitcoin (BTC) has managed to regain support, currently navigating within a neutral pattern and maintaining its position above a crucial horizontal support zone. The question arises: is a breakout imminent? The weekly chart for Bitcoin illustrates a rapid upward trajectory over the past five weeks, with BTC reclaiming the $31,000 horizontal territory in early October. Notably, this zone has consistently served as a pivotal support and resistance area since 2011. In November, Bitcoin achieved a new annual peak, reaching $37,978.
Traders keenly observe the Relative Strength Index (RSI) as a momentum indicator to discern overbought or oversold conditions, guiding their decisions to accumulate or sell an asset. A reading above 50, coupled with an upward slope, signals bullish dominance, while a reading below 50 suggests the opposite. Currently, the RSI is on an upward trajectory and positioned above 50, presenting bullish indicators.
Despite historical trends indicating that rallies in Bitcoin hashrate are often succeeded by downturns, the prevailing enthusiasm surrounding the Bitcoin ETF seems to be outweighing such concerns, leading to a recent all-time high in hashrate, as reported by CryptoQuant. $BTC $ETH $BNB #BitcoinChallenges #bitcoin #btc
SOL increased 90%, BONK exploded 1,773% in the past 30 days
The Solana ecosystem is experiencing a resurgence in activity, largely fueled by SOL's remarkable price surge, marking a 90% increase in the last 30 days. However, the standout performer within the network's meme coins is currently BONK, surpassing even the most substantial gains.
Over the past week, the price of BONK has surged by 119.5%, contributing to a staggering 1,773% return in the last 30 days, reaching an all-time high of $0.000007 before retracing to its present value of $0.0000038 at the time of this update. It's worth noting that despite the notable drop from its all-time high, the altcoin has experienced a decrease of over 15% in the last 24 hours alone.
BONK made its debut in December, a period when the Solana ecosystem was undergoing a revival following the downturn linked to the collapse of the cryptocurrency exchange FTX, closely associated with Solana. Inspired by dog-themed meme coins like Dogecoin (DOGE) and Ethereum-based Shiba Inu (SHIB), BONK quickly gained attention in early January, reigniting interest among Solana users and developers as SOL itself faced a drop to around $8.
As is common with meme coins, BONK's price exhibits considerable volatility, making it one of the most unpredictable tokens in the cryptocurrency market. While rumors circulate on social media regarding a potential listing on the leading cryptocurrency exchange Binance, there is currently no substantial evidence supporting such a move. Nonetheless, given the susceptibility of meme coins to social media sentiment, speculative discussions alone could significantly contribute to BONK's recent surge. $BOND $BTC $ETH
A whitepaper allows projects to explain their objectives and products to the public. Projects can freely choose the type of information they want to provide, but whitepapers typically include an overview of the goals, token business model, products, features, and information about the team. So whitepapers can be a good starting point when researching a specific project.
Ripple (XRP) could rise by 900% if the 2017 scenario repeats
Over the past 12 months, the native token of the fintech startup Ripple has risen in price by 67%. The strengthening of XRP was facilitated by a general improvement in the climate in the cryptocurrency market. In addition, this year Ripple scored two major victories in its case against the US Securities and Exchange Commission (SEC), restoring hope for a sustainable recovery to its supporters. At the moment, XRP soared by 95% - this was in mid-July. The price tested the area above $0.82 for the first time since April 2022, but quickly returned below the $0.5 mark, where it spent most of the time until the end of October. XRP is currently trading at $0.63, 23% below its yearly high. However, some analysts are confident that the token still has growth potential.
A selection of not the most pleasant news of the day
A selection of not the most pleasant news for the day âȘïžThe YFI token, one of the largest DeFi platforms, fell by more than 40%, presumably due to an exit scam by insiders. The token lost more than $250 million in market capitalization, now a little more $300 million.âȘïžThe popular Trader Joe's DeFi protocol was hacked. The vulnerability was in the JavaScript code on the site, which the hacker took advantage of and replaced the contract address. The team has already restored access and the protocol can be used. If you used the platform yesterday after 20:34 Kyiv / 21:34 Moscow time, then you need to cancel the permission to the contract: 0xd8ea07f43bc5045ec49ab52a3da2d0bf533581bf. You can do this on Revoke or download the Rabbit Wallet. The JOE token reacted with a fall of 15%.âȘïžSam Altman was fired from the post of CEO of the company by decision of the board of directors. He is the founder of OpenAI, the company that develops ChatGPT. Greg Brockman, president and co-founder of OpenAI, decided to leave the company based on the Sam Altvadratman decision. The Worldcoin project's WLD token (a proxy for OpenAI) reacted with a fall of 13%.âȘïžSEC postponed review applications for spot Bitcoin ETFs from Global X and Franklin Templeton. The SEC also postponed the decision on the application for spot ETH-ETF from Hashdex. If they donât give a red light, thatâs already good. Sooner or later you will have to accept it anyway. Let's wait for January#bitcoin
Don't jump into the last car, the train runs on schedule
I constantly write about the plan and the distribution of finances. At the moment, 50-65% in coins, 35-50% in stables, and every time I repeat that with this approach, it doesnât matter to you whether the fall or the bull will start today and everything will fly to the moon, in the first case, an increase in the position in the second profit But Iâm sure everyone is asking the question âbut if I didnât have time to buy and the bull started, what then?â There are a lot of options, firstly in any financial market there is no such thing as âdidnât have timeâ and âthe rocket flew off without meâ such concepts as not only ânewbiesâ can have time and an ephemeral rocket, because they mean that in order to make money in the market you need to guess the entry point, buy successfully, then guess the selling point, etc., but in reality this is not so, it doesnât matter at what stage the market is at all now what will happen tomorrow and what happened yesterday, the market is always alive, the imaginary rocket flies off and lands every day, and the train that everyone wants to catch and is so afraid of not getting on it that they jump into the last car to go almost on schedule đ. On any segment there are current coins, current classes of coins. If at the moment we are in a bearish period and the most correct thing to do while everyone is at the near-bottom marks is to stock up on more or less fundamental products, then if suddenly you did not have time to purchase and tomorrow the same Moon, then only certain projects will fly to the moon, dozens of new ones will be released in parallel, in parallel there will be coins that fire late, etc. There will always be an opportunity to purchase - THIS IS IMPORTANT TO UNDERSTAND. Secondly, there is also such a branch in investments as entering a project in the early stages, as I wrote above, if suddenly everything flies to the moon tomorrow and you have 35-50% in the stable, it shouldnât bother you fomo since the next stage of investing has just begun for you) The bull market is famous for the fact that hundreds of new projects appear every day that shoot every day, the same thing happens in the bear market, but it is not advisable to waste time on analytics of such projects when you can buy better and less risky ones, but on a bull, provided that there is free interest left, itâs time. It is important to understand that analytics, money management and risk management will naturally differ, the selection criteria will be completely different, as will the metrics, but there is nothing scary or overly complicated in this. I am writing this because There is a plan for any development and there should be no panic, there is no need to buy at inflated prices or dump with a small profit, twitch, rush and fill your head with nonsense too, the opportunity has always been, is always and will always be đ Regarding the selection of projects at an early stage stage and entering them, I will post a whole series of posts, this is a very interesting topic))