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Bull market\crypto overall FOMO market has four stages
There are only three things you need to realize as a trader:
Identifying each bull market stage
Maximize your profits
Avoid the most common pitfalls
/ The first stage: accumulation stage
Terra collapse, FTX collapse, Binance regulation, BUSD removal, USDC decoupling
The price is in a weak small fluctuation phase, with no active liquidity and more of a game among crypto enthusiasts.
Perform operations: layout, planning investment sectors, and acquiring knowledge.
1. Increase the number of chips, including but not limited to: 1. Projects with long-term Roadmap. 2. A novel concept with a relatively low market value. 3. Projects with small token selling pressure or strong market competitiveness.
2. Study a lot and invest in research to prepare for the FOMO period.
3. Hold a certain amount of stable currency to invest in newly launched, relatively excellent concept tokens.
4. Monitor Federal Reserve data and exchange liquidity changes.
/ The second stage: early bull market\first bull market surge
When the price starts to rise significantly, the market will still be skeptical, but whether you believe it or not, Bitcoin has risen to a new top position of 70,000 US dollars. Most people will be cautious because of the inertia of the bear market, which has led to a decline in yields. Considering possible future risks, and due to liquidity and environmental factors, this is not enough to bring about a real bull market.
We are at this stage.
Factors that trigger the second stage may include:
-BTC’s halving narrative
-BTC ETH spot ETF
-The rate cut is coming
-The explosion of Hong Kong concepts, Japanese concepts, and Korean concepts
-Reduced regulatory pressure
-The emergence of a new economic model: Defi2.0?
Perform actions:
1. Partial profit taking, you cannot guarantee that your purchase price can make a perfect profit in this small bull market, so take the profit part.
2. Sell those tokens that have not experienced breakthrough gains in this market. Various potential factors prevent them from completing their gains in the rising market. These unknown reasons lead to high risks of long-term holding.
3. Do not use any leverage.
4. Don’t ignore any MEME and decentralized IDO, this may be a 100x or 1000x opportunity.
5. Pay close attention to cultural leaders such as Musk, Buterin, SAM, NFT artists, etc. They may influence the high degree of fomo of certain concepts.
6. Reduce the investment range, concentrate on 2-3 tracks, continue to study and become professional, and ensure your high level of awareness of the track.
/ The third stage: Super bull market\unimaginable bull market
When retail investors pour into the crypto market, the third stage of the bull market is officially announced, and huge fomo will sweep everything. BTC is likely to be FOMOed to 100,000 or even 200,000.
FOMO emotions will create a positive feedback loop that the bull market will never end, constantly pushing up the market bubble, and all traders are excited. Some people will even sell real assets and buy Bitcoin.
Execution operation: We need to find this top signal and stop profit in time.
Top signal: 1. Everyone thinks that this round of bull market is different from the past, and that the market will tend to be stable and low-opportunity in the future.
2. Mainstream media began to pay a lot of attention to cryptocurrencies.
3. Everyone is showing off their multiples and achievements.
We need to stop profit in time. If you don’t make a profit, the market will ruthlessly take back most of your efforts.
/ Phase 4: Falling Market\Liquidity Declining Market
When the inflow of funds cannot support the bubble cashing out, we enter the falling market stage.
Many holders will think that Bitcoin has become a mainstream asset and will enter a long cycle.
At this time, most projects have been launched, and Ponzi, project narratives (metaverse), and application landing will be mentioned.
Execution operation:
1. Return to life, as the number one player said: Although reality is extremely terrible, only reality can eat a decent meal.
2. And simply participate in new narratives and applications, and plan the career and direction of the new cycle.
3. The external environment is still in a period of leverage accumulation. It is necessary to restrain the layout of traditional assets and observe the development curve of inflation, monetary policy and leading industries.
4. Wait for the arrival of the next bull market cycle.
There are only three things you need to realize as a trader:
Identifying each bull market stage
Maximize your profits
Avoid the most common pitfalls
/ The first stage: accumulation stage
Terra collapse, FTX collapse, Binance regulation, BUSD removal, USDC decoupling
The price is in a weak small fluctuation phase, with no active liquidity and more of a game among crypto enthusiasts.
Perform operations: layout, planning investment sectors, and acquiring knowledge.
1. Increase the number of chips, including but not limited to: 1. Projects with long-term Roadmap. 2. A novel concept with a relatively low market value. 3. Projects with small token selling pressure or strong market competitiveness.
2. Study a lot and invest in research to prepare for the FOMO period.
3. Hold a certain amount of stable currency to invest in newly launched, relatively excellent concept tokens.
4. Monitor Federal Reserve data and exchange liquidity changes.
/ The second stage: early bull market\first bull market surge
When the price starts to rise significantly, the market will still be skeptical, but whether you believe it or not, Bitcoin has risen to a new top position of 70,000 US dollars. Most people will be cautious because of the inertia of the bear market, which has led to a decline in yields. Considering possible future risks, and due to liquidity and environmental factors, this is not enough to bring about a real bull market.
We are at this stage.
Factors that trigger the second stage may include:
-BTC’s halving narrative
-BTC ETH spot ETF
-The rate cut is coming
-The explosion of Hong Kong concepts, Japanese concepts, and Korean concepts
-Reduced regulatory pressure
-The emergence of a new economic model: Defi2.0?
Perform actions:
1. Partial profit taking, you cannot guarantee that your purchase price can make a perfect profit in this small bull market, so take the profit part.
2. Sell those tokens that have not experienced breakthrough gains in this market. Various potential factors prevent them from completing their gains in the rising market. These unknown reasons lead to high risks of long-term holding.
3. Do not use any leverage.
4. Don’t ignore any MEME and decentralized IDO, this may be a 100x or 1000x opportunity.
5. Pay close attention to cultural leaders such as Musk, Buterin, SAM, NFT artists, etc. They may influence the high degree of fomo of certain concepts.
6. Reduce the investment range, concentrate on 2-3 tracks, continue to study and become professional, and ensure your high level of awareness of the track.
/ The third stage: Super bull market\unimaginable bull market
When retail investors pour into the crypto market, the third stage of the bull market is officially announced, and huge fomo will sweep everything. BTC is likely to be FOMOed to 100,000 or even 200,000.
FOMO emotions will create a positive feedback loop that the bull market will never end, constantly pushing up the market bubble, and all traders are excited. Some people will even sell real assets and buy Bitcoin.
Execution operation: We need to find this top signal and stop profit in time.
Top signal: 1. Everyone thinks that this round of bull market is different from the past, and that the market will tend to be stable and low-opportunity in the future.
2. Mainstream media began to pay a lot of attention to cryptocurrencies.
3. Everyone is showing off their multiples and achievements.
We need to stop profit in time. If you don’t make a profit, the market will ruthlessly take back most of your efforts.
/ Phase 4: Falling Market\Liquidity Declining Market
When the inflow of funds cannot support the bubble cashing out, we enter the falling market stage.
Many holders will think that Bitcoin has become a mainstream asset and will enter a long cycle.
At this time, most projects have been launched, and Ponzi, project narratives (metaverse), and application landing will be mentioned.
Execution operation:
1. Return to life, as the number one player said: Although reality is extremely terrible, only reality can eat a decent meal.
2. And simply participate in new narratives and applications, and plan the career and direction of the new cycle.
3. The external environment is still in a period of leverage accumulation. It is necessary to restrain the layout of traditional assets and observe the development curve of inflation, monetary policy and leading industries.
4. Wait for the arrival of the next bull market cycle.
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If you are kind by nature, then you will not have a good life since you are old enough to understand.
Why? Because you can't protect your own interests at all.
Once the people around you find out your kindness, they will come to share your interests.
Even in elementary school, classmates will borrow things from you and not return them, or when they see that you have a good thing, they will find a way to take it over and break it for you.
This is human nature.
Until one day, you start to pay attention to your own interests. But at this time, you are still thin-skinned and don't know how to refuse. So you are still taken advantage of. But you already have a flame of dissatisfaction in your heart.
Later, through your own practice and constant competition, you slowly learn how to protect your own interests. But at this time, you are not selfish enough. You are still concerned about the interests of others. You just learned not to let them take advantage of you.
Finally, one day, you completely find the right posture.
Your wealth is also slowly accumulating.
From then on, you use self-centeredness to guide your words and deeds. Self-interest is the bottom layer and deep logic of all your actions.
At the same time, you also begin to evaluate the interests of others, keeping those that are beneficial to you and cutting off those that are not.
Why? Because you can't protect your own interests at all.
Once the people around you find out your kindness, they will come to share your interests.
Even in elementary school, classmates will borrow things from you and not return them, or when they see that you have a good thing, they will find a way to take it over and break it for you.
This is human nature.
Until one day, you start to pay attention to your own interests. But at this time, you are still thin-skinned and don't know how to refuse. So you are still taken advantage of. But you already have a flame of dissatisfaction in your heart.
Later, through your own practice and constant competition, you slowly learn how to protect your own interests. But at this time, you are not selfish enough. You are still concerned about the interests of others. You just learned not to let them take advantage of you.
Finally, one day, you completely find the right posture.
Your wealth is also slowly accumulating.
From then on, you use self-centeredness to guide your words and deeds. Self-interest is the bottom layer and deep logic of all your actions.
At the same time, you also begin to evaluate the interests of others, keeping those that are beneficial to you and cutting off those that are not.
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This wave of rebound focuses on bottom-fishing sol and sol ecological coins
and meme coins on the sol chain, they performed the best!
The following are the SOLANA sectors that can be focused on:
Focus on the Solana ecological sector [SOL, JTO, JUP, PYTH, BOME, BONK]
1️⃣The cross-chain bridge from Solana to Bitcoin is expected to be launched in the third quarter of 2024. The Zeus network will launch the Zeus Program Library (ZPL) connecting the two ecosystems in the third quarter of 2024.
2️⃣"These ZPL assets open up a world of opportunities for Solana," Zeus Network wrote on Medium on May 1. "Promote activities such as DeFi, GameFi, SocialFi, DePIN, which were previously challenging on the Bitcoin blockchain."
3️⃣Zeus programs consist of a set of Solana Virtual Machine (SVM) programs that enable developers to integrate native Solana support into decentralized applications. In turn, these programs power transactions across multiple blockchains. According to Zeus Network, ZPL assets can take the form of cryptocurrencies or NFTs. In addition, the network has received support from Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali.
4️⃣ Subsequently, the Solana Bitcoin Bridge will allow users to deposit Bitcoin and receive ZPL-wrapped zBTC tokens in return. These tokens can be used to participate in decentralized exchanges, NFT markets, lending, games, and SocialFi within the Solana ecosystem.
A series of positive factors give us reason to focus on this sector and lay out early!
and meme coins on the sol chain, they performed the best!
The following are the SOLANA sectors that can be focused on:
Focus on the Solana ecological sector [SOL, JTO, JUP, PYTH, BOME, BONK]
1️⃣The cross-chain bridge from Solana to Bitcoin is expected to be launched in the third quarter of 2024. The Zeus network will launch the Zeus Program Library (ZPL) connecting the two ecosystems in the third quarter of 2024.
2️⃣"These ZPL assets open up a world of opportunities for Solana," Zeus Network wrote on Medium on May 1. "Promote activities such as DeFi, GameFi, SocialFi, DePIN, which were previously challenging on the Bitcoin blockchain."
3️⃣Zeus programs consist of a set of Solana Virtual Machine (SVM) programs that enable developers to integrate native Solana support into decentralized applications. In turn, these programs power transactions across multiple blockchains. According to Zeus Network, ZPL assets can take the form of cryptocurrencies or NFTs. In addition, the network has received support from Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali.
4️⃣ Subsequently, the Solana Bitcoin Bridge will allow users to deposit Bitcoin and receive ZPL-wrapped zBTC tokens in return. These tokens can be used to participate in decentralized exchanges, NFT markets, lending, games, and SocialFi within the Solana ecosystem.
A series of positive factors give us reason to focus on this sector and lay out early!
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Before the interest rate cut, some things will happen:
1. The US dollar index fell, and the price of stablecoins fell back to below 7.
2. Bitcoin broke a new high and hit 80,000 US dollars.
3. The SOL sector will continue to hype.
4. Bitcoin L2 and BRC20 can still be expected to be listed on Coinbase. The current wash can be seen as a similar control before Binance listed ORDI.
5. The Ethereum exchange rate rebounded from the bottom.
6. When the interest rate is cut, the position of Bitcoin will most likely be above 80,000. After the interest rate cut, it will rise in the short term. You need to pay attention to the risk of short-term correction within a week.
7. In the RWA sector, products like ONDO and MKR will also appear.
8. Coins with high circulation rate, full circulation, and good fundamentals may have a good market.
The big cake is sideways, the cottage is bloodbathed, and the wash of a single cottage has lasted for nearly two months under the negative market. But there is a consensus: the bull market is not over, and there must be a big rise before the interest rate cut! #btc
1. The US dollar index fell, and the price of stablecoins fell back to below 7.
2. Bitcoin broke a new high and hit 80,000 US dollars.
3. The SOL sector will continue to hype.
4. Bitcoin L2 and BRC20 can still be expected to be listed on Coinbase. The current wash can be seen as a similar control before Binance listed ORDI.
5. The Ethereum exchange rate rebounded from the bottom.
6. When the interest rate is cut, the position of Bitcoin will most likely be above 80,000. After the interest rate cut, it will rise in the short term. You need to pay attention to the risk of short-term correction within a week.
7. In the RWA sector, products like ONDO and MKR will also appear.
8. Coins with high circulation rate, full circulation, and good fundamentals may have a good market.
The big cake is sideways, the cottage is bloodbathed, and the wash of a single cottage has lasted for nearly two months under the negative market. But there is a consensus: the bull market is not over, and there must be a big rise before the interest rate cut! #btc
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Next, as long as Bitcoin enters a shock and no longer hits a new low
Visually, some high-quality altcoins will be the first to get out of the downturn. First of all, don't touch the previous low in the second exploration!
Secondly, the second exploration of the currency near the previous bottom! And the altcoins that have broken the new low in the second exploration, it is recommended not to touch... Then, buy the altcoin spot in batches according to your own risk tolerance, hold it steady, and don't move.
This time, Bitcoin has hit a new low in the waterfall. Look at many strong altcoins that have not broken the new low compared to April 13. These are all good targets: such as Tia, wif, op, arPepe, etc. And many altcoins have completed the bottoming out in advance.
Next, there should be a high probability of a rebound trend. Many are rebounding in advance. Hold the spot and don't panic!
Visually, some high-quality altcoins will be the first to get out of the downturn. First of all, don't touch the previous low in the second exploration!
Secondly, the second exploration of the currency near the previous bottom! And the altcoins that have broken the new low in the second exploration, it is recommended not to touch... Then, buy the altcoin spot in batches according to your own risk tolerance, hold it steady, and don't move.
This time, Bitcoin has hit a new low in the waterfall. Look at many strong altcoins that have not broken the new low compared to April 13. These are all good targets: such as Tia, wif, op, arPepe, etc. And many altcoins have completed the bottoming out in advance.
Next, there should be a high probability of a rebound trend. Many are rebounding in advance. Hold the spot and don't panic!
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Cryptocurrency Circle Early Knowledge - Toncoin Price Analysis
Table of contents
Toncoin attracts attention from Pantera Capital
TonCoin Technical Analysis
Technical indicators:
TON short-term price prediction:
The post Toncoin Price Analysis: TON Shows Bullish Momentum as Pantera Capital Investments appears first on Coinpedia
After breaking above a key resistance level, Toncoin (TON) is showing bullish momentum following Pantera Capital’s announcement of investment in the layer-one altcoin.
Currently, TON is trading at $5.69, with a 24-hour increase of 4.11% and a 7-day increase of 7.37%. Toncoin’s 24-hour market value is $19.76B, ranking 9th in the Coinpedia market, with a 24-hour trading volume of $270.21M.
Toncoin attracts attention from Pantera Capital
TonCoin Technical Analysis
Technical indicators:
TON short-term price prediction:
The post Toncoin Price Analysis: TON Shows Bullish Momentum as Pantera Capital Investments appears first on Coinpedia
After breaking above a key resistance level, Toncoin (TON) is showing bullish momentum following Pantera Capital’s announcement of investment in the layer-one altcoin.
Currently, TON is trading at $5.69, with a 24-hour increase of 4.11% and a 7-day increase of 7.37%. Toncoin’s 24-hour market value is $19.76B, ranking 9th in the Coinpedia market, with a 24-hour trading volume of $270.21M.
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Why did the Shiba Inu (SHIB) price increase today?
Table of contents
BTC whale accumulation effect
Japan launches massive burns of Shiba Inu
Following significant developments this week, Shiba Inu has recovered to $0.00002501. In the past 24 hours, Shiba Inu’s market cap reached $0.00002501. The crypto asset is up 9.4% from the previous day’s low of $0.00002266.
The Shiba Inu managed to recover all of the week’s losses and is currently performing well this week due to the bullish market. The Shiba Inu is trading at $0.00002501, up 20.76% from Wednesday’s low of $0.00002071, which will follow the upcoming new developments.
BTC whale accumulation effect
Japan launches massive burns of Shiba Inu
Following significant developments this week, Shiba Inu has recovered to $0.00002501. In the past 24 hours, Shiba Inu’s market cap reached $0.00002501. The crypto asset is up 9.4% from the previous day’s low of $0.00002266.
The Shiba Inu managed to recover all of the week’s losses and is currently performing well this week due to the bullish market. The Shiba Inu is trading at $0.00002501, up 20.76% from Wednesday’s low of $0.00002071, which will follow the upcoming new developments.
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Information on Tesla's website shows that Dogecoin has been added as a payment method. Tesla stated on its website that some products support payment with Dogecoin. Such products will display the Dogecoin symbol next to the order button. Buyers only need to transfer Dogecoin to the Tesla Dogecoin wallet and pay. According to PANews verification, the products currently supported by Tesla's official website for purchase with Dogecoin do not include Tesla cars, but mainly small peripheral products such as clothing and toys, such as children's electric four-wheelers, hats, stainless steel whistles, and commemorative belt buckles. These products are not sold through official channels in China. According to Wayback Machine, the last snapshot of the "Payment, Checkout and Pricing" page on Tesla's official website occurred on February 28 of this year, and the Dogecoin FAQ page existed in January 2022. $DOGE
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How should users respond in the current market environment:
1. Pay close attention to fully diluted valuation (FDV) and saturation rate.
2. Pay close attention to the development of ETFs and areas with heavy institutional participation, such as RWA. In the next few years, these may have different tracks and even more favorable dynamics.
3. In a market flooded with altcoins, don't just look at the dollar value of the project. Comparing altcoin valuations with Bitcoin valuations can more accurately assess the strength of altcoins.
4. Work harder and gain advantages. This is not just about increasing assets, but also about improving knowledge, skills, and connections.
1. Pay close attention to fully diluted valuation (FDV) and saturation rate.
2. Pay close attention to the development of ETFs and areas with heavy institutional participation, such as RWA. In the next few years, these may have different tracks and even more favorable dynamics.
3. In a market flooded with altcoins, don't just look at the dollar value of the project. Comparing altcoin valuations with Bitcoin valuations can more accurately assess the strength of altcoins.
4. Work harder and gain advantages. This is not just about increasing assets, but also about improving knowledge, skills, and connections.
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Why hasn’t the copycat season returned yet, and how should investors respond?
After Bitcoin halving, altcoins all soared, which was a "rule" in previous bull markets, but the much-anticipated "altcoin season" has not yet appeared. The author analyzes the reasons for this phenomenon and provides investors with suggestions for optimizing strategies.
What is "Copycat Season"?
When altcoins outperform Bitcoin and prices surge across the board, it’s called the altcoin season. This is a period of booming growth driven by optimism, just like a rising tide lifts all boats. The altcoin season has driven the development of almost all sectors, and the massive influx of liquidity into the market is its driving force.
What is "Copycat Season"?
When altcoins outperform Bitcoin and prices surge across the board, it’s called the altcoin season. This is a period of booming growth driven by optimism, just like a rising tide lifts all boats. The altcoin season has driven the development of almost all sectors, and the massive influx of liquidity into the market is its driving force.
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After three bull and bear cycles, here are 23 things I learned from my 7 years of trading experience
After three rounds of bull and bear markets, I have suffered a lot of losses and also made a lot of profits. There were several times when my account retreated by 97%, and now the overall return rate is about 300%. The following are 23 trading experiences he shared over the past 7 years.
1. Investing in riskier projects after making a profit is not a profit
If you make some money, it is best to buy more Bitcoin or Ethereum and keep the funds in a stable place for future opportunities.
I’ve been getting a lot of messages like this lately: “I’ve amassed some crappy MEME coins, what do I do now?”
Don't make any high-risk trades. It's almost impossible to change anything with this kind of investment.
1. Investing in riskier projects after making a profit is not a profit
If you make some money, it is best to buy more Bitcoin or Ethereum and keep the funds in a stable place for future opportunities.
I’ve been getting a lot of messages like this lately: “I’ve amassed some crappy MEME coins, what do I do now?”
Don't make any high-risk trades. It's almost impossible to change anything with this kind of investment.
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(Long push) 2024 Q1 Crypto Industry Report: CEX spot trading volume hits a new high since Q4 2021
Following a strong performance in the fourth quarter of 2023, the total cryptocurrency market capitalization continued to rise by 64.5% in the first quarter of 2024, reaching a high of $2.9 trillion on March 13.
In absolute terms, this quarter’s growth (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion), largely due to the approval of a U.S. spot Bitcoin ETF in early January, which pushed BTC to a record high in March.
Key Highlights
Bitcoin grew by +68.8% in Q1 2024, reaching an all-time high of $73,098;
As of April 2, U.S. spot Bitcoin ETFs held more than $55.1 billion in assets under management (AUM);
In absolute terms, this quarter’s growth (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion), largely due to the approval of a U.S. spot Bitcoin ETF in early January, which pushed BTC to a record high in March.
Key Highlights
Bitcoin grew by +68.8% in Q1 2024, reaching an all-time high of $73,098;
As of April 2, U.S. spot Bitcoin ETFs held more than $55.1 billion in assets under management (AUM);
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KOL: Institutions and retail investors each have their own interests, so who will take over the altcoins?
Altcoins and VCs irritate me, especially since I’ve been involved in dozens of investments over the past few years as a founder, advisor, and investor. I’ve seen a lot of real-life stories, and today I want to share my perspective with you.
The current problem is that institutions are only rushing for mainstream coins, retail investors are rushing for local dogs, and the only "smart money" that will take over VCs has also participated in the private placement round. Who the hell is willing to take over this plate with a valuation of tens of billions or even hundreds of billions?
The first point is easy to understand. Bitcoin ETFs (and perhaps Ethereum ETFs) attract new investors. As time goes on, the flow of funds may become faster and faster as larger and more conservative funds approve the purchase of ETFs. Unlike those of us who change positions every 5 minutes, large institutions and funds are much slower. And I think that when they buy ETFs next time, they are likely to invest more in BTC.
The current problem is that institutions are only rushing for mainstream coins, retail investors are rushing for local dogs, and the only "smart money" that will take over VCs has also participated in the private placement round. Who the hell is willing to take over this plate with a valuation of tens of billions or even hundreds of billions?
The first point is easy to understand. Bitcoin ETFs (and perhaps Ethereum ETFs) attract new investors. As time goes on, the flow of funds may become faster and faster as larger and more conservative funds approve the purchase of ETFs. Unlike those of us who change positions every 5 minutes, large institutions and funds are much slower. And I think that when they buy ETFs next time, they are likely to invest more in BTC.
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The debate over the new stablecoin USDe: Will it be the next UST?
USDe is a Delta neutral stablecoin issued by Ethena. After listing on Binance, the FDV of Ethena token ENA once reached 20 billion US dollars. The founder of BitMEX strongly supports USDe to shake USDT, while the former DeFi godfather AC published an article questioning it. After the vision of decentralized stability dimmed due to UST, can USDe ignite new hope? Or is it just the next tulip?
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According to TheBlock, citing sources, the second batch of sales of Solana locked in FTX's bankruptcy assets has been completed. The auction involved 1.8 million SOLs, with bids ranging from $85 to $110 and transaction prices between $95 and $110. Sources said Galaxy Trading once again raised funds from investors to bid for Solana tokens locked in FTX's bankruptcy assets. Pantera Capital also bought more locked SOL in the latest round of auctions. The winning locked tokens are subject to a 4-year unlocking period. The next round of auctions will begin on May 1.
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Exclusive! Hong Kong spot Bitcoin, Ethereum ETFs debut with $6.3 million in volume
2024/4/30
Table of contents
Will Hong Kong Bitcoin ETF Break US Record?
Cryptocurrency Impact and Global Markets
According to local reports, the recent launch of spot ETFs in Hong Kong has set an important precedent for the region’s financial landscape. The development saw the debut of six ETFs, including three Bitcoin ETFs and three Ethereum ETFs, providing Asian investors with an opportunity to enter the dynamic world of digital assets.
Notably, this launch comes hot on the heels of the launch of the first spot Bitcoin ETF in the United States three months ago, highlighting the global trend of mainstream acceptance and integration of digital assets in traditional financial markets.
Table of contents
Will Hong Kong Bitcoin ETF Break US Record?
Cryptocurrency Impact and Global Markets
According to local reports, the recent launch of spot ETFs in Hong Kong has set an important precedent for the region’s financial landscape. The development saw the debut of six ETFs, including three Bitcoin ETFs and three Ethereum ETFs, providing Asian investors with an opportunity to enter the dynamic world of digital assets.
Notably, this launch comes hot on the heels of the launch of the first spot Bitcoin ETF in the United States three months ago, highlighting the global trend of mainstream acceptance and integration of digital assets in traditional financial markets.
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Cryptocurrency Unlocked May 2024: Over $2 Billion in Tokens Coming Soon
May 2024 is shaping up to be a big month for crypto token unlocks, with over $2 billion worth of native tokens scheduled to be released across eight major projects.
Token unlocking could affect the prices and market dynamics of these cryptocurrencies, and investors are watching developments closely. Below is a detailed list of major token unlockings and their potential impact.
May 1: dYdX ($DYDX)
Decentralized exchange dYdX will release 10% of its circulating supply, worth about $71 million. The release represents a large portion of DYDX tokens entering the market, which may affect its price and liquidity.
Token unlocking could affect the prices and market dynamics of these cryptocurrencies, and investors are watching developments closely. Below is a detailed list of major token unlockings and their potential impact.
May 1: dYdX ($DYDX)
Decentralized exchange dYdX will release 10% of its circulating supply, worth about $71 million. The release represents a large portion of DYDX tokens entering the market, which may affect its price and liquidity.
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What are weak coins? How do we judge?
First of all, weak coins are because they are not favored by funds, so they fall sharply and rise slowly!
Secondly, these coins are extremely time-consuming and energy-consuming in the bull market, so you must stay away from these weak coins!
Judging from the trend this time, the coins with a rebound of less than 50% are all weak coins. You can gradually replace these weak coins with relatively strong coins with a rebound of more than 50% in this round!
Raise your hands and like if you understand! You will understand when you meet the big guys again!
First of all, weak coins are because they are not favored by funds, so they fall sharply and rise slowly!
Secondly, these coins are extremely time-consuming and energy-consuming in the bull market, so you must stay away from these weak coins!
Judging from the trend this time, the coins with a rebound of less than 50% are all weak coins. You can gradually replace these weak coins with relatively strong coins with a rebound of more than 50% in this round!
Raise your hands and like if you understand! You will understand when you meet the big guys again!
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A must-learn course for newcomers in the cryptocurrency circle to get rich: How to hold on?
Many family members chatted with me and said that they couldn’t hold on to the good coins they bought. They obviously bought the right coins, but they held on to them. They either sold them too early or cut their losses in the callback. I will share a few tips to help you.
1. The heavy-weight leaders must impact the bull market to get rich: Meme coins, AI and computing power, BTC ecology
2. The heavy-weight leader targets BTC BNB ETH more than 80%
3. Establish the correct information channel to find Alpha in the holdings, pay attention to the holdings and official channel websites of institutions such as Height Fund, IDG, Paradigm, etc.
4. Fully understand the underlying logic of the rise and fall of altcoins. All the rise and fall are for the purpose of harvesting leeks. Fully understand the pull-up mode, trading techniques, and the underlying logic of business. $BTC
Many family members chatted with me and said that they couldn’t hold on to the good coins they bought. They obviously bought the right coins, but they held on to them. They either sold them too early or cut their losses in the callback. I will share a few tips to help you.
1. The heavy-weight leaders must impact the bull market to get rich: Meme coins, AI and computing power, BTC ecology
2. The heavy-weight leader targets BTC BNB ETH more than 80%
3. Establish the correct information channel to find Alpha in the holdings, pay attention to the holdings and official channel websites of institutions such as Height Fund, IDG, Paradigm, etc.
4. Fully understand the underlying logic of the rise and fall of altcoins. All the rise and fall are for the purpose of harvesting leeks. Fully understand the pull-up mode, trading techniques, and the underlying logic of business. $BTC
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