#NOT collapses by another 10% #Notcoin began the week with a massive 16.1% slump on May 19.
The coin, first introduced in November 2023 as a closed beta within Telegram, was a victim of an intense selloff campaign shortly after its debut.
The token collapsed 55% after launch, as airdrop farmers trooped to cash in. Last week, this selloff campaign persisted.
Still, it gave up the opportunity to recover most of these losses on May 20, when Bitcoin and the rest of the crypto market saw an upsurge.
Notcoin only increased by a meager 2.57% and then continued its downward momentum in the days that followed.
The newcomer shed off another 10.63% from its value last week, closing the week below the $0.005 price territory.
A 10.01% recovery on May 25 was not enough to offset all the losses of last week. At its current value of $0.004964, NOT is down 86.76% from the peak of $0.0370 it clinched on Binance on the day of its debut
Pepe (PEPE) has been on a sustained uptrend since mid-April despite the instability witnessed across the broader market within this timeframe. Market data confirms that the meme coin sensation has recorded four consecutive intraday gains since April 20. This trend occurred from April 20 to 23; from May 1 to 4; and from May 11 to 14. Despite failing to engineer a similar streak this week, Pepe soared by 45.86% on May 21 and 22 while the rest of the market faced a pullback. Recall that the frog-themed meme coin hit a new all-time high of $0.00001161 two weeks back. Pepe secured another all-time high last week when it rallied to $0.00001577 on May 25. This price upswing bucked the overall bearish trend in the market triggered by Bitcoin’s (BTC) retracement from the $71,000 high on May 20. Pepe has surged 75.88% over the last seven days, making it the biggest gainer among the top 100 assets during this period. The meme coin is now in a price discovery phase, commanding a 24-hour volume of $1.946 billion at press time, the seventh-largest in the crypto market. Pepe’s Accumulation/Distribution metric confirms that last week’s upsurge was triggered majorly by massive demand. The metric held a value of 615.79 trillion PEPE as of May 19, but spiked to 775.91 trillion tokens by the end of the week. PEPE now changes hands at $0.00001606, looking to secure its claim of this threshold
Ethereum vehicles attract $36m after ETF greenlight 💸💸
Ethereum ETF approvals by the U.S. SEC improved investor sentiment around crypto’s second-largest assets, leading to a two-month high in net inflows.
Ethereum (ETH) investment products recorded $36 million in inflows last week for the first time since March, according to a CoinShares report on May 28. The increase in net inflows comes as the U.S. Securities and Exchange Commission (SEC) approved 19b-4 forms, signaling a greenlight for proposed rule changes allowing national exchanges to list spot ETH ETFs.
The approval news led to a 30% jump in Ethereum’s price over the week, pushing its market cap to $450 billion market cap and nearing a $4,000 per token. This sruge marked a positive sentiment shift after 10 weeks of bearish activity.
CoinShares analysts said the surge was likely an early reaction to approval news, but a continuation of the price uptrend remains unclear with actual spot ETH ETF trading still weeks away
There are a number of options to earn crypto on Binance via their Earn section.
1..Auto invest:
Pick a coin you want to invest in, decide your investment amount and schedule a recurring plan.
Once invested, you can receive daily earnings from Flexible Savings and redeem your funds any time you wish.
2. Staking:
This is as good as a Fixed Deposit in lay man terms. You can lock in your coins for 30, 60 and 90 days mostly. Depending on the period, you would be entitled to receive interest which varies according to the coin.
3. Launchpad:
This option allows you to stake your coins to perform “Farming” of new yet to be listed coins/tokens. Stake coins can only be BNB or BUSD while the rewards will be in the form of the new coin which will be credited to your spot wallet once you “harvest” them.
There are plenty of other options as you can see but these are the one's i actively use.
My next Bitcoin target is $80k$, I have now closed 30% of my positions.
At the last dump I warned you that this is manipulation of big players and you should buy at the bottom. Those who held positions with me are in profit! 🤝