WITH ABOUT 402 CRYPTOCURRENCIES LISTED ON BINANCE, 11 FIAT CURRENCIES AND ABOUT 1591 TRADING PAIRS AS MARKETS, IT'S OBVIOUSLY DIFFICULT TO GET A CRYPTOCURRENCY FOR ON A PARTICULAR DAY FOR A NOVICE TRADER.
WHAT I USUALLY DO IS TO LOOK FOR GAINERS FROM 3% TO 15% THAT ARE SHOWING SIGNS OF PUMPING AND BUY... THEN MONITOR AND SELL AFTER A GAIN OF 5% TO 10%.
REMEMBER NOT TO BE GREEDY ! IF YOU HAVE MADE SOME LITTLE PROFIT, THAT'S BETTER THAN LOSES.
DISCLAIMER : This is not investment advice . Crypto markets are risky. DYOR.
Yes! the heading says it all. It is the caption of Donald Trump Junior's image post on X.
The image features the world's richest billionaire Elon Musk, USA president elect Donald Trump and the Son Donald Trump Junior and RFK Junior as they shared a McDonald meal en route to New York.
What's the expectations of crypto enthusiasts following that Elon the business mogul as well as the man behind the Dogecoin cryptocurrency and Trump are in good books and are all supporters of the crypto world ?
Trump was reportedly ahead of Kamara Harris by 1:00 PM Central African Time.
The 277 lead against Harris's 224 confirms that Trump is the winner of he 2024 USA presidential elections.
But does this mean for Africa, Middle East and Ukraine? Well, we may not predict but what is obvious is that Iran may not be happy to see Trump return to the White House. The same is true for Zelenzky.
As for Africa, their fate is unknown as Trump is not a fun for Aid.
What the world may be celebrating about right now is the bright future of crypto markets during Trump's tenure of office.
Yes! As of today, Bitcoin is seen to reach it's All Time High - ATH of above $74,000!
WARREN BUFFET - IN APPLE SHARES SELL-OFF! SOARES TO OVER $325 BILLION
Billionaire Warren Buffett's Beckshire cash was just reportedly up to over $325 billion following Apple SELL-OFF of shares.
Does this signal any crush of stock markets or anticipating any global meltdown? Could it be like that because of the elections in the USA?
Whilst you and I are wondering what the motivation is Buffett's decision, we can only watch and wait to see what lies ahead. However, caution needs to be taken by any trader, be it stocks or cryptocurrency trading . Mind you Buffet is amongst the top ten world's richest people and whatever they do pertaining to financial markets leaves an impact.
Meanwhile the USA elections are around the corner, with Harris reportedly being ahead of Trump from several opinion polls. Trump however, is never short of drama as he made his supporters wonder when he Said that he shouldn't have left the White House in the first place.
On the other hand, Harris was recently reported in several tabloids for having sudden support for cryptocurrency trading even in the USA.
The question is which cryptocurrency will continue dominating trade volumes? Is it $BTC , $SOL , $BNB or the yet to be listed cryptocurrency with a so much built up ecosystem $Pi Network?
Blackrock Inc, which is the world's leading asset manager, posted it's assets under management (AUM) to have risen to a record high of $10.65 Trillion by the close of the second quarter of 2024. The rise is attributed to rising client portfolios and large inflows into its Exchange Traded Funds - ETFs. CEO and Chairman of Blackrock, Larry Fink said this in a conference call that he foresees tremendous unbelievable growth opportunities for their clients and shareholders for 2024 and beyond. Will t
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BTC to hit $200K Following the halving of BTC, Bernstein, a company that predicted the surge of Bitcoin to $150,000.00 has revised it's forecast.
Bernstein in it's recent analysis, has revised it's target to $200,000 in a Thursday research note despite the current resistance Bitcoin is facing. Despite reaching an ATH of $73,000, the price of BTC has been oscillating between $59k and $70k and this may come as a surprise to many traders as many expected a surge by May 2024 following the halving event.
Bernstein's analysis follows the anticipation that BTC sport ETFs will have $190 Billion in assets under management (AUM) by December 2025 from the current $53 Billion reported I January.
MicroStrategy, an American Software Company has been identified as BTC whale 🐋, holding probably the most BTC at cooperate level. To this, Bernstein highlighted MicroStrategy as an "active liveraged" bet on BTC compared to the passive nature of sport ETFs.
The question is, what is driving the prediction to $200k? Well, Microstrategy owns about $14.3 Billion worth of BTC and is not selling but has plans to sell it's debt to acquire more BTC. The acquisition of more BTC in this post halving period will make BTC more scarce, thereby causing a high demand the coin due to limited supply.
Also knowing that cloud mining of BTC on Binance is currently underway, and HODLed for almost a year, this is yet another hint to would be traders of BTC to consider.
PLEASE NOTE THAT THIS IS NOT INVESTMENT ADVICE, CONSIDER DOYR!
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SAUDI ARABIA DITCHES THE PETRO-DOLLAR AGREEMENT ANY IMPACT ON CRYPTO MARKETS ?
What is the PETRO-DOLLAR agreement?
On June 8th, 1974, Saudi Arabia agreed to sell crude oil 🛢️🪔 and all oil products in the United States Dollars in favor of receiving military assistance and equipment from the United States of America.
However, in a drastic sentimental shift, Saudi Arabia has not renewed the 50 year agreement entered into, the move where Saudi Arabia is ending her dependency on the USA dollar, shifting to a multi currency sales system for oil.
This however cannot just come without the input of BRICS countries, a 10 member group of Nations with a different ideology to the new world order. The BRICS countries includes Russia, China, Brazil, India, South Africa as well as new member Nations like Iran and Saudi Arabia.
Is the economic block about to launch it's currency to replace the use of the USA dollar for international trade?
BRICS countries have not yet come up with a common currency for use in the block but have hinted on a Blockchain technology based system for it's cross border payments. Does this pose any significant impact on the dollar? How is this going to affect crypto markets in the long run?
Following that most cryptocurrencies are traded for stable coins especially USDT whose value seems to be tied to that of the dollar, any significant depreciation of the USA currency I personally feel will impact the crypto markets as well whether positively or negatively.
Will this move lead to Biden and the USA political elites support the despised cryptocurrencies?
We can only wait and see.
In the meantime, although there are down trends in prices, $BNB , $SOL and $BTC are cryptocurrencies worth investing your money in.
Remember, DOYR. this is not investment advice.
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USA former president Donald Trump has been convicted on all 34 felony charges. The former president was found guilty of falsifying business documents
The verdict was read by a jury in the Manhattan courtroom where trump has been on trial since April 15.
However, the verdict could not be assimilated by fuming Trump who accused the Judge to be corrupt in such a conflicted case and the trial was a rigged one and disgraceful.
President Donald Trump not guilty to the 34 charges for falsifying business documents in relation to a hush money payment made in his behalf by his former lawyer, Cohen Michael to adult film star Stormy Daniels in final weeks of the 2016 presidential elections.
However, it's not yet known whether Trump will appeal the verdict. Trump on the presidential list was seen to be popular however experts he'll have a tough time maintaining his popularity.
Will the price of Bitcoin,$BTC expected to go up further or will come down knowing that president Trump is a strong
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Back to the question. How can we identify cryptocurrency scams? Well below are some of the identifying traits of crypto scams:
1. POOR OR NO WHITE PAPER A white paper about a cryptocurrency gives details about how that particular coin was designed and how it will operate. It must be detailed and must make sense.
If doesn't make sense and worse if doesn't even exist, just be careful and I can tell you such a coin will be highly risky.
2. PROMISES OF HIGH RETURNS What is the red flag here? Well, any offering about crypto which promises high returns is most likely a scam.
You will do well to look for ratings of such a website on the internet and see if it's flagged or poorly rated.
Yes cryptocurrencies can make you a fortune but not as fast as scammers put it. Infact prices of crypto fluctuate so it's not always that your investment will immidiately go up, you may even make loses but all in all, prices eventually go up.
3. OFFERING OF FREE MONEY Just tread with caution. Yes new cryptocurrencies may come with airdrops but the amounts are usually minimal and require your input too to earn them.
4. TOO MUCH MARKETING Every business does marketing but fraudsters overdo it. Be careful with a highly marketed site.
5. UNKNOWN TEAM MEMBERS OR FOUNDERS There must be transparency as to who the team members are and preferably knowing their addresses and must have public support and customer care services.
6. PRESSURE TO INVEST You may also notice some pushy behaviour, pushing you to invest quickly with promises of high profits. When you see such, identify it as a red flag.
IF YOU SEE THE ABOVE MENTIONED OR SOMETHING SIMILAR, PLEASE BE CAREFUL NOT TO INVEST YOUR MONEY. SPEND TIME TO DO MORE RESEARCH.
Meanwhile, the top crypto to invest in include $BTC , $BNB , $SOL and #ETH
Before reading, please click on the follow button above and help support more research. Thanking you in advance.
Back to the question. How can we identify cryptocurrency scams? Well below are some of the identifying traits of crypto scams:
1. POOR OR NO WHITE PAPER A white paper about a cryptocurrency gives details about how that particular coin was designed and how it will operate. It must be detailed and must make sense.
If doesn't make sense and worse if doesn't even exist, just be careful and I can tell you such a coin will be highly risky.
2. PROMISES OF HIGH RETURNS What is the red flag here? Well, any offering about crypto which promises high returns is most likely a scam.
You will do well to look for ratings of such a website on the internet and see if it's flagged or poorly rated.
Yes cryptocurrencies can make you a fortune but not as fast as scammers put it. Infact prices of crypto fluctuate so it's not always that your investment will immidiately go up, you may even make loses but all in all, prices eventually go up.
3. OFFERING OF FREE MONEY Just tread with caution. Yes new cryptocurrencies may come with airdrops but the amounts are usually minimal and require your input too to earn them.
4. TOO MUCH MARKETING Every business does marketing but fraudsters overdo it. Be careful with a highly marketed site.
5. UNKNOWN TEAM MEMBERS OR FOUNDERS There must be transparency as to who the team members are and preferably knowing their addresses and must have public support and customer care services.
6. PRESSURE TO INVEST You may also notice some pushy behaviour, pushing you to invest quickly with promises of high profits. When you see such, identify it as a red flag.
IF YOU SEE THE ABOVE MENTIONED OR SOMETHING SIMILAR, PLEASE BE CAREFUL NOT TO INVEST YOUR MONEY. SPEND TIME TO DO MORE RESEARCH.
Meanwhile, the top crypto to invest in include $BTC , $BNB , $SOL and #ETH
MY PREDICTIONS OF POPULAR COINS PRICES BY DECEMBER 2024
1. $BNB $900
2. $BTC $90,000
3. $ETH $5,400
4. $SOL $400
5. #Pi Network (Unlisted) $314
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WHY INCLUDING PI NETWORK ON THE LIST ?
Well, Pi Network is currently targeting Ten Million KYC'd wallets and with coins migrated to the MAINNET. There are currently close to 50 million users world wide mining the Pi network cryptocurrency which the pi core team announced the coin will be available for trade within 2024.
Some predict that the so many people holding the Pi network cryptocurrency will rush to sell their coins, thereby causing a crash of the Pi on its launch. However, others argue that the coin will gain so much value compared to the likes of Bitcoin because the Pi network core team is so strategic such that they're not releasing all the mined Pi coins at once, thereby still maintaining the value of the coin.
Another aspect of the Pi network cryptocurrency is it's ecosystem. The coin is poised to be used not only for trade on exchanges but also be used to pay for Ads, gaming, Online Shopping and maybe even to be withdrawn from ATMs.
As of today, the Pi network cryptocurrency has an IOU price of about $42 as tracked by Binance on its Crypto price Index Page.
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Last year, May 2023, the price of $BTC - Bitcoin was around $28,000. This year, 2024, $BTC reached an All High Price of about $73,000.
After halving, this BTC price you see hovering around $61,000 will soon skyrocket and you will be regretting why you didn't buy BTC! Another coin you need to hold at all cost is $BNB
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