ELON MUSK MADE A NEW ANNOUNCEMENT, THIS ALTCOINS ARE ON A RISE!

Dogecoin (DOGE) supporter Elon Musk, who is widely talked about with his shares and moves, announced that the xAI company he founded will make Grok open source this week.

This week, @xAI will open source Grok

After this post by Elon Musk, some altcoins experienced significant increases.

At this point, an altcoin named GROK increased by over 30%, while another altcoin named XAI also increased by 35%.

SOL currently faces a major rejection at $150, a level not seen in over the last two years.

Solana (SOL) Price Eyes A Two-Year Breakout

As Solana (SOL) inches closer to the significant threshold of $150, excitement brews among crypto enthusiasts. According to insights from on-chain data provider Santiment, this potential milestone marks the first time since January 16th, 2022, that Solana has approached this price level.
Crowd sentiment surrounding Solana appears to be leaning slightly bullish, considering its position as the 5th largest cryptocurrency by market capitalization. However, analysts note that the sentiment lacks the fervor often associated with the fear of missing out (FOMO), which could potentially dampen a rally.
Historically, doubt has served as a catalyst propelling prices higher in the cryptocurrency market. As Solana’s price stands at the brink of a crucial price point, market observers await further developments to gauge the trajectory of its ascent.

SOL Price Rally Ahead

Several market analysts have been predicting a strong rally for Solana going ahead moving to $200, and much beyond. The strong trading activity by Solana-based meme coins such as Dogwifhat provides major support for the SOL price rally ahead.
On the other hand, big market players have been showing growing interest in acquiring Solana at the current price. On Thursday, March 7, Pantera Capital announced its decision to raise a staggering $250 million to buy all the Solana holdings of FTX. The fund’s purpose is to acquire heavily discounted Solana tokens from the estate of FTX, a digital asset exchange that has filed for bankruptcy.
Even with its current upward trajectory, SOL still lags 43% behind its previous all-time high (ATH) of $259, reached in November 2021. Yet, according to crypto analyst Altcoin Sherpa, there’s optimism that SOL will surpass its previous ATH in the current market cycle, with the only variable being the extent of the breakthrough. He further added that the Solana price rally to $1,000 in the next bull run is not out of the question.

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READ THIS POST BEFORE JOINING A PRESALE

Investing in presale tokens can potentially be profitable, but it also carries significant risks. Here are some points to consider when dealing with presale tokens:

1. **Profit Potential**: Participating in a presale can sometimes provide you with access to tokens at a lower price than what they might be worth once they hit the open market or after they are listed on exchanges. If the project is successful, the value of the tokens you acquire during a presale could increase significantly, allowing you to make a profit.

2. **Risks**: Presale tokens are usually high-risk investments. The projects associated with presale tokens may be in early stages, lacking a proven track record or product. There is a possibility that the project might not succeed, leading to a loss of your investment.

3. **Liquidity Concerns**: Presale tokens often come with lock-up periods during which you may not be able to trade or sell them. This can restrict your ability to access your funds when needed.

4. **Regulatory Compliance**: It's essential to ensure that the presale you are considering is compliant with relevant regulations to avoid legal issues.

5. **Scams**: The crypto space is known for its prevalence of scams and fraudulent projects. Be cautious and do thorough research before investing in any presale to avoid falling victim to scams.

In summary, while there is potential to make money with presale tokens, it's crucial to conduct extensive research, understand the risks involved, and only invest funds that you can afford to lose. It's advisable to seek advice from financial experts before making investment decisions in the cryptocurrency market.

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BREAKING: $DOGE is up +15% after Elon Musk says Tesla will use $DOGE payments at some point.

He also shouted "#Dogecoin to the moon!"
$DOGE #elonmusk #TrendingTopic #BTC🔥🔥

The cryptocurrency market can experience fluctuations for various reasons, including but not limited to:

1. Market Sentiment: Market sentiment plays a significant role in the price movements of cryptocurrencies. Negative news, uncertainty, or fear in the market can lead to selling pressure and downward trends.

2. Regulatory Changes: Regulatory announcements or actions by governments or regulatory bodies can impact the crypto market. News of potential bans, restrictions, or unfavorable regulations can lead to a sell-off.

3. Market Manipulation: The crypto market is also vulnerable to manipulation due to its relatively small size compared to traditional financial markets. Whales, large investors, or coordinated groups can manipulate prices, leading to sudden drops.

4. Global Events: Economic events, geopolitical tensions, or global financial crises can spill over into the cryptocurrency market, causing investors to seek safer assets and reducing demand for cryptocurrencies.

5. Technical Factors: Technical factors like trading volumes, market liquidity, and trends can also influence price movements. Support and resistance levels, moving averages, and other technical analysis tools can impact trading decisions.

6. Profit-taking: After a period of significant gains, investors may choose to take profits, leading to a market correction or a temporary downturn in prices.

It's essential to consider a combination of these factors when analyzing why the crypto market was down on a particular day, as the market is heavily influenced by a multitude of variables.

#Bitcoin #CryptoWhale #cryptomummy

As Bitcoin achieved a new all-time high (ATH) of $72,710 on March 11, Ethereum price ascended above $4,000 for the first time since December 2021.

Investors are hopeful for new all-time highs this week, considering Ethereum price at $4,030. Establishing higher support above $4,000 would prop the token for the next move up amid positive sentiment and an upcoming protocol upgrade.

Beyond the generally positive market sentiment, several unique factors enhance Ethereum’s outlook. This analysis will delve into some of the key market movers and anchors investors are riding on to achieve maximum benefits from Ether in the long run, particularly in the bull market.

1. The Dencun Upgrade

What is the Dencun Upgrade?
The Dencun upgrade is a major upgrade also known as a “hard fork,” which introduces significant changes to Ethereum’s consensus and execution layers.

Notably, it incorporates ephemeral data blobs (protodanksharding) through EIP-4844, aimed at reducing Layer 2 transaction fees.

Why is it Important?
Dencun enhances scalability and efficiency, crucial for Ethereum’s growth.

2. Market Sentiment and FOMO

The crypto market sustained a solid bullish structure since the beginning of Q4 last year. Interest in crypto assets grew exponentially as the dream for the first spot Bitcoin ETFs in the US materialized.

Bitcoin set out on a trajectory to a new all-time high, buoying the entire market. Altcoins led by Ethereum followed in BTC’s footsteps rising to new levels, some to new record highs.

The enhanced sentiment can be attributed to the Bitcoin halving in April, which will significantly shrink supply while demand continues to rise. Due to the correlation between BTC and ETH, a bullish Bitcoin often means a parabolic rally in Ethereum price.

3. Spot ETH ETF

If approved the flow of money into Ethereum investment products will grow drastically as witnessed with Bitcoin ETFs. Increasing demand for the token while supply holds steady or falls, could ignite a rally big enough to send Ethereum above $10,000.

#Ethereum #Eth #Altcoin

According to a tweet published by the @spotonchain analytics platform, anonymous whales have transferred more than 10 million U.S. dollars worth of Shiba Inu and $4.3 million worth of PEPE to three major centralized exchanges after the prices of both meme cryptocurrencies bounced back today. Both of these whales will get a massive profit if they indeed sell their meme coins, the tweet says.

The aforementioned source ponders that the meme coin season could possibly be approaching its end now, after both SHIB and PEPE have demonstrated large rebounds.

Whales transfer billions of SHIB and PEPE to top CEXes
On-chain data platform @spotonchain shared that one of these whales was an early SHIB holder. He bought a staggering 15.2 trillion SHIB four years ago, paying 10 ETH for that meme coin lump (in 2020, ETH rose from $262 in the beginning to $590 at the end of the year).

Not long ago today, this investor transferred 200 billion Shiba Inu (worth $6.49 million) to the Gemini and Crypto.com exchanges. Now, he still has 2.6 trillion SHIB (evaluated at $85.15 million in fiat) left and an estimated profit of approximately $129 million on that amount of meme crypto.

The second whale transferred a massive 500 billion PEPE (worth $4.13 million) to the OKX exchange. If he sells this lump, the tweet states, the whale’s profit will be equal to $3.36 million (plus 30.9% rise). Curiously, the post emphasizes that the whale started his PEPE trading just 10 days ago.

Popular blockchain sleuth Whale Alert has also noticed a large movement of SHIB meme coins on March 11. A mammoth-sized amount of Shiba Inu was moved from a wallet belonging to crypto trading firm Cumberland to an anonymous wallet – 332,427,690,902 SHIB. SHIB and PEPE rebound from recent highs.

Both SHIB and PEPE meme cryptocurrencies have shown major rebounds over the last week.
#MemeCoinRevolution #PEPE‏ #Shibarium #

MICROSTRATEGY SELLS $800 MILLION TO BUY MORE BTC! BITCOIN PASSED $72.000!

In his post on his X account, MicroStrategy founder Michael Saylor shared that MicroStrategy has completed the $ 800 million bond offering it planned to buy more Bitcoin.

“MicroStrategy announced today that it has completed its previously announced offering of 0.625% convertible senior notes due 2030 on March 8, 2024.

Net proceeds from the sale of the notes were approximately $782.0 million, after deducting initial purchasers' discounts and commissions and estimated offering expenses payable by MicroStrategy.

MicroStrategy used the net proceeds from the sale of the notes to obtain additional bitcoins.”

MicroStrategy Completes $800 Million Offering of Convertible Notes at 0.625% Coupon and 42.5% Conversion Premium

#BTC🔥🔥 #halving #bullrun #bitcoin

Cathie Wood’s New Price Target for Bitcoin “Well Above” $1M

Cathie Wood, CEO of the investment firm ARK Invest, has significantly increased her bullish outlook on Bitcoin's price trajectory.

Cathie Wood’s New Price Target for Bitcoin “Well Above” $1M
Cathie Wood, CEO of the investment firm ARK Invest, has significantly increased her bullish outlook on Bitcoin's price trajectory. In a recent interview, she revealed that ARK has "brought forward" its previous $1 million price target for Bitcoin by 2030. Wood attributes this shift to the recent approval of spot Bitcoin ETFs in the United States. The surge in interest and investment potential unlocked by these ETFs has prompted ARK to re-evaluate Bitcoin's future.
"That target...it was before the SEC gave us the green light," Wood explained, referring to the Securities and Exchange Commission's approval of spot Bitcoin ETFs. "And I think that was a major milestone, and it has pulled forward the timeline."

While Bitcoin has already seen significant price appreciation, Wood believes the party is just getting started. Major financial institutions, like Morgan Stanley or Bank of America, have yet to fully embrace Bitcoin, according to Wood. "No platform has approved Bitcoin yet," she said. "So all of this price action has happened before they approve it, and so we haven't even begun."

This lack of mainstream institutional involvement suggests even more significant price increases are on the horizon. Wood hinted at a revised price target "well above" $1 million by 2030, but declined to provide a specific figure.

Source: https://coinmarketcap.com/academy/article/cathie-woods-new-price-target-for-bitcoin-well-above-dollar1m#BTC🔥🔥 #Ethereum #Solana

HOLD YOUR $ALTS TIGHT❗️

Here is a review on #Altcoins Market Capitalization💁‍♂️

#Alts are pumping in Three Phases🧐

Phase 1 - Breakout of accumulation and rise up to Swing High (Dead Cat Bounce)
Phase 2 - We are filling the Gap between ATH & Dead Cat Bounce
Phase 3 - We are breaking All Time High and going Wild Mode

We are now only in Phase 1 → Big Profits are still ahead🚀

🎯Bull Market Target - $1.66 Trl
🎯Bull Market Target - $2.5 Trl
$SOL $ETH $BTC #bullrun #altseason #Altcoin #Write2Earn #BTC🔥🔥

NVIDIA WIND IN CRYPTOCURRENCIES! INCREASING EXPECTATIONS MADE THESE ALTCOINS FLY

The upward trend in the cryptocurrency market continues. Although Bitcoin touched its $69,000 ATH and started to decline, the altcoin market remains active.

At this point, especially some mem tokens and artificial intelligence altcoins stand out with their rapid rise.

The fact that Nvidia, the world's number one artificial intelligence chip manufacturer, will hold a conference on March 18-21 was effective in the rise of artificial intelligence-themed altcoins.

While this conference of Nvidia increased the interest in the artificial intelligence sector, Nvidia's moves in the field of artificial intelligence also had a positive impact on the cryptocurrency market.

At this point, with Nvidia inviting the Fetch.ai team to the conference, the upward momentum in FET and other artificial intelligence-themed altcoins accelerated.

FET and RNDR Prices Skyrocketed!

While Nvidia's conference attracted great attention, the company is expected to introduce innovations in artificial intelligence chips at the conference that will start on March 18.

While this expectation also activated the cryptocurrency market, there was a great “hype” in artificial intelligence-themed altcoin projects and tremendous increases were recorded.

According to CoinMarketCap data, Fetch.ai (FET) increased by 36% in the last 24 hours, reaching $ 2.75, while Render (RNDR) price gained more than 30% in the last 24 hours, reaching $ 9.73.

Making FET and RNDR investors happy, wallet number 0x488 affiliated with the Fetch_ai team deposited 5 million FET (worth $11.2 million) to Binance about 12 hours ago. This wallet has been inactive for 6 months and still holds 1.12 billion FETs (worth $3 billion).

The $FET price soared 52% (24H) as impacted by #NVIDIA #GTC24!

— Spot On Chain (@spotonchain) March 7, 2024

*This is not investment advice.

Source: CryptoNews #Altcoin #bullrun #halving #Write2Earn $FET

Analyst explain the real reason for the decline in Bitcoin, warned investors. Looks very similar to 2020, there may be more to come.

Although the leading cryptocurrency Bitcoin experienced a new ATH, reaching $ 69,300 on some exchanges, this did not last long and BTC experienced a shock decline from there.

In the face of this decline, Bitcoin fell to $ 59,000.

While it was stated that there was sales pressure behind this decline in BTC, it was announced that the main reason for these sales was that some miners who mined in 2010 moved BTC to Coinbase.

According to Coindeks, the first Bitcoin miners are contributing to the selling pressure in BTC by sending old block rewards to exchanges.

According to data shared by CryptoQuant, just before Bitcoin reached new highs around $69,000 and then dropped to $59,000, 1,000 Bitcoins worth roughly $69 million were moved to Coinbase by addresses more than a decade old.

Stating that these addresses are linked to miners, CryptoQuant analyst Bradley Park said, “Shifting long-dormant Bitcoins to Coinbase, a major crypto exchange, could be the beginning of a sale that will continue.”

“Given that the exchange order book shows liquidity of 5-10 Bitcoins for every $100 price change, a sale of 1,000 Bitcoins is likely to trigger a significant price decline.

“Especially when investors are looking to open short positions against Bitcoin's all-time high, as was the case on Tuesday.”

CryptoQuant analyst stated that the amount of Bitcoin entering the exchanges recently reminded him of the sharp increase in BTC inflows that occurred before the 40% price drop on March 12, 2020, and warned investors against the possible decline.

Source: en.bitcoinsistemi.com

#BTCUpdate $ETH $BTC #bullrun #halving #coinbase #CryptoWhale

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How Much Should Beginners Invest in Cryptocurrencies? Part — 1

For those new to the world of cryptocurrencies, one of the most common questions is: "How much money should I start with?" The answer isn't one-size-fits-all, but there are key considerations to help you make this decision.

1. Understanding Your Financial Position
Before investing, assess your financial stability. Only use disposable income – money that you can afford to lose without impacting your day-to-day life.

2. Start Small
As a beginner, it's wise to start with a small amount. This could be as little as $10 to $100, depending on your financial situation. Starting small helps you learn without the pressure of risking substantial funds.

3. Educate Before You Invest
Before you put in any money, spend time understanding the basics of cryptocurrency and the market dynamics. Use online resources, books, and courses to build a solid foundation of knowledge.

4. Diversification is Key
Don't put all your funds into one cryptocurrency. Spread your investment across different assets to mitigate risks. This approach helps in case one of your investments doesn't perform well.

5. Beware of Volatility
The crypto market is known for its volatility. Be prepared for the value of your investment to fluctuate, sometimes drastically.

#MyFirstFeedPost Olá, Binance Square!

People instant selling because of a 10% drop hahaha. You forgot we went from 52k towards 69k in 2 weeks?

2020 cycle #BTC went 16% down when it hit ATH and even if we correct more its just part of shaking out and resetting OI.

Imo dips are for buying until proven otherwise. Stop fearing the dump of the market, get as a chance to buy more in the discount.