$BTC The drop in the price of Bitcoin in recent days reminded of Bitcoin's ATH in 2017:
In 2017, Bitcoin experienced an unprecedented rise known as "ATH" (all-time high). From January to December, its value increased by more than 1800%, rising from $1,000 to nearly $20,000.
This surge was driven by several factors, including increased adoption of cryptocurrencies, a rise in investment in Bitcoin, and heightened attention from the media and public opinion.
ATH peaked on December 17, 2017, when Bitcoin briefly surpassed $19,000. Following this, there was a sharp decline, with the price of Bitcoin falling by more than 80% in the subsequent weeks.
The 2017 rally was a turning point for Bitcoin, marking the beginning of its journey toward broader recognition and acceptance. Although the price later corrected, it remains significantly higher than it was before the ATH.
#BTCNextMove 17 December Bitcoin rose to a historical maximum of 108,365. And the next day, the Chairman of the US Federal Reserve, Jerome Powell, did not support the idea of creating a national reserve in Bitcoin, and after that the price fell to 92232. In conditions when the value of the coin changes significantly on the statements of officials and politicians, it is difficult to make forecasts, now we can only say that the support level is in the range of $ 92,000 and $ 86,500.
BNB was initially created as a utility token to reduce trading fees on the Binance exchange. BNB holders can pay trading fees with a discount of up to 25%.
BNB is now regarded as the native cryptocurrency of the decentralized Binance ecosystem.
Binance periodically conducts airdrops of BNB for token holders and rewards those who stake their BNB.
BNB is used not only on the Binance exchange. It is also integrated with various external wallets, trading platforms, and DeFi projects.
Early investors in BNB made significant profits. The token was launched in 2017 at a price of about $0.15 and reached $500 in 2021.
Binance has allocated a burn fund for the quarterly destruction of a certain amount of BNB. This reduces the token supply, creating a potential deflationary scenario.
BNB holders can participate in the governance of the Binance ecosystem through the Binance Coin Election. They vote for validators who will manage the Binance Smart Chain network.
Binance has issued debit cards, users can pay with BNB for everyday purchases.
#MarketCorrectionBuyOrHODL During a market correction, investors have two options: buy at a discount or hold (HODL). The choice depends on personal risk tolerance, financial goals, and investment timelines. Those willing to take risks and expecting long-term growth may consider buying during the correction. Those who prefer a more cautious approach may wait for the market to stabilize before making new investments.
How will the price of Bitcoin change when its mining becomes unprofitable?
#$BTC Expected consequences of changes in Bitcoin mining profitability: 1. Decrease in mining volumes: If Bitcoin mining becomes unprofitable, miners will gradually shut down their machines, leading to a decrease in mining volume. 2. Increased block confirmation time: Since Bitcoin mining requires a certain level of computational power, a decrease in mining volumes will increase the time required to confirm blocks. This may lead to delays in transaction confirmations.
Three tokens priced under 1 USDT that could grow more than 10 times over the next 5 years.
While reviewing the charts of different tokens, I mark some as favorites and then later conduct technical analysis or read available information. Recently, I added three tokens to my favorites, which may not increase in price quickly, but over time, they may provide profit due to their growing demand and limited issuance.
Aptos Token: A Bridge Between the Future and Present of Blockchain
#Aptos is a high-performance layer one blockchain developed by former Meta (formerly Facebook) engineers, aiming to revolutionize the blockchain space with its unique architecture and powerful programming language. Its native token, $APT , is central to the Aptos ecosystem and plays a crucial role in its functioning and success.
LTC/USDT forecast for the next one to two weeks Technical analysis $LTC is trading in an uptrend after breaking the resistance level of 100 usdt. The Relative Strength Index (RSI) is currently below 70, having fallen as a result of the correction.
$LTC is likely to continue rising in the coming week. I expect it to trade above the support level of 100 usdt, with growth potential reaching 160 usdt or even higher to 185 usdt.
Short-term forecast (1-3 days) The price $SUI is currently trading around 4.1900 usdt. The pair supports a level of 2.9722 usdt, while resistance is at 4.4900 usdt. I assume that in the next 3 days, SUI will trade in this range. Medium-term forecast (1-2 weeks) If SUI breaks the resistance level of 4.4900 usdt, it could rise to the level of 5.2200 usdt.
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