#ETHOnTheRise The hourly chart of ETH shows a strong uptrend, peaking at $3780,$ before retracing to $3658. The price remains above the 200 EMA, signaling sustained bullish momentum, although it is testing the 50 EMA for support. The MACD indicates a slowdown in bullish momentum, while the RSI is cooling off from overbought levels. Bulls need to reclaim 3700,$ to continue, while 3600,$ serves as a key support. Will ETH sustain its rise or take a break? Keep a close eye on the levels! 🚀
Paxos Releases First USDG Attestation Report According to PANews, stablecoin issuer Paxos has released its inaugural attestation report for USDG. The report reveals that as of 5pm on October 31, 2024 Singapore time (UTC+8), the USDG contract on the Ethereum network held 10,750,140 tokens. The fair value of the buyback assets is at least equal to or greater than $10,750,140, ensuring that the number of USDG tokens does not exceed the reported buyback asset balance. Previously, it was reported that USDG is a Singapore-compliant stablecoin launched through a collaboration between Paxos and DBS Bank. DBS Bank is responsible for managing the US dollar reserves backing the stablecoin. #BSCOnTheRise
Does this herald the quiet arrival of the altcoin season? This week, the US Ethereum (ETH) spot exchange-traded fund (ETF) experienced significant net inflows of capital, totaling as much as $466.5 million, equivalent to a net increase of 132,772.03 ETH. Lin Chen, the Asia Pacific Business Director of Deribit, mentioned in a recent update that the ETH ETF performed strongly this week, attracting a large influx of capital, with weekly net inflows reaching $466.5 million, which corresponds to a net increase of 132,772.03 Ethereum. Notably, on Friday alone, BlackRock managed a net inflow of 69,913.08 ETH. Meanwhile, the Grayscale Ethereum Trust (ETHE) maintained a stable position on Wednesday and Friday, with no changes occurring. Lin Chen further pointed out that the current price of Ethereum has surpassed the $3600 mark, and the ETH/BTC exchange rate has also risen to 0.0382, a trend that undoubtedly underscores the market's growing confidence in Ethereum.
The first day of December, wishing everyone good luck this month! Today is Sunday, we recharge our energy, and tomorrow we will get things done together!
#AIAndGameFiBoom Here's why AI agents will reach a market cap of over $100 billion.
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#AIAndGameFiBoom
AI (Artificial Intelligence) and GameFi (Game Finance) are transforming the gaming industry by merging blockchain technology, gaming, and decentralized finance (DeFi). Here’s how AI and GameFi are driving innovation:
AI’s Role in GameFi:
1. Enhanced Player Experience: AI improves in-game environments and NPC (Non-Player Character) behaviors, offering more immersive gameplay. 2. Personalized Gaming: AI analyzes player preferences to provide tailored recommendations for in-game purchases or strategies. 3. Fraud Detection: AI monitors transactions and user behavior in GameFi platforms to prevent scams and secure blockchain-based economies .
GameFi Boost from AI Integration:
1. Play-to-Earn Models: AI helps optimize rewards distribution by analyzing user activity, ensuring a fairer distribution of earnings. 2. Efficient Asset Management: AI enables predictive analytics for virtual asset valuation, aiding players in maximizing their returns on investments. 3. Scalability: AI streamlines blockchain operations, making GameFi platforms more scalable and reducing transaction bottlenecks during high traffic .
By combining AI’s analytical power with GameFi’s blockchain infrastructure, developers are creating ecosystems where players can enjoy enhanced gaming experiences while earning cryptocurrency or NFTs. This synergy is expected to propel the industry into new dimensions of innovation and financial opportunities.
In the past month, we have also gained a lot. Now that a new month has begun, it marks a new chapter. Taco wishes everyone to have a good mood, good mindset, and good gains every day in the new month.
The market has returned to the usual weekend tranquility and has started to oscillate slightly, with the support level around 96300 and the resistance level at the 98000 mark, showing an upward oscillating trend.
Ethereum's resistance remains around 3720, with support around 3620, fluctuating up and down by 100 points. We are just one step away from the critical 4000 level. With the continuous net inflow of Ethereum ETFs in the US stock market, the possibility of reaching this position is very high. When that happens, altcoins will be in a frenzy again.
Another charm of this circle lies in its uncertainty. The negative news of unemployment benefits for three consecutive weeks indicates a strong US economy. The likelihood of negative impacts on next Friday's unemployment rate and non-farm payrolls is greater than positive impacts.
There are many opportunities, but the premise is that you must be able to hold your positions until the opportunity arises. During the rebound next week, make sure to reduce positions, travel light, and in the face of potential risks, maintain more initiative.
$SUI $BTC $BNB Hello everyone❤️❤️ The market is very active this week, with constant ups and downs, I think this is a good sign and a harbinger of a new rise. #WeAreAllSatoshi
The commission is the biggest cost in our trading process. Let's take the commission of the perpetual contract of a certain exchange as an example:
For example: principal 1000u 10 times leverage, that is 10000u, 10000U*0.05%=5u commission Do 1 contract: Opening commission 5u, closing commission 5u, total 10u.
Summary: 10 times leverage is calculated based on 5 contracts per day Daily commission is: 10*5=50u=350 yuan Monthly commission is: 350*30=10500 yuan Annual commission is: 10500*12=126000 yuan
20 times leverage, that is 20000u, 20000U*0.05%=10u commission Do 1 contract: Opening commission 10u, closing commission 10u, total 20u. Summary: 20x leverage is calculated based on 5 contracts per day Daily handling fee is: 20*5=100u=700 yuan Monthly handling fee is: 700*30=21000 yuan Annual handling fee is: 21000*12=252000 yuan This is only calculated based on 10x and 20x leverage. If you are aggressive and use 100x leverage, the handling fee is even more amazing!
According to the above calculation, the handling fee may return tens of thousands of U in a year. What you save is what you earn. In case of improper operation and liquidation, the handling fee refund can also give us a chance to make a comeback!
Do you understand? Do you understand? If you don’t understand, ask me.
Celebrating the number of live broadcast accounts exceeding 8 million, Sent out 10,000 Bitcoin red envelopes Wish all brothers a hundred times increase in this bull market, reply: I want a hundred times increase
Market analysis: Crypto has currently fallen below the middle axis of the box at around 96700. Looking at the 4-hour closing, if it stands above 96700, there is a high probability of a rebound. If it fails to stand above 96700, it may continue to pull back. Pay attention to the lower track of the box at around 94700 to see if it can hold up.
Operational ideas: Buy on dips, pay attention to around 94700. If it cannot effectively fall below, go long, be cautious in shorting, do a good job of position management, and strictly implement stop-profit and stop-loss.
For copycats, pay attention to Ethereum Layer 2, AI sector and blockchain game sector.
⚫️⚪️🚀🚀Take off #XRP completed TP8🚀🚀 🌈🌈Medium and long term: long📈 $XRP 🌈🌈 ➖➖➖➖➖➖ Target 5: 1.63 ✅ Completed Target 6: 1.69 ✅ Completed Target 7: 1.79 ✅ Completed Target 8: 1.89 ✅ Completed 🔥🔥Public entry on the morning of the 28th! Eat eat eat brothers! Just rushed to 1.952, close to our target 8! Congratulations to all the brothers who followed and obtained more than 703.32% (20X) of income! ! ! It's stable. Set up BE now🔥🔥 ➖➖➖➖➖➖ - Don't spend money to buy strategies. Isn't our strategy free? - BINANCE30 rebate invitation code: FOHW9ZPT If you think it helps you, please like and forward it! We have red envelopes every day in our BA Plaza! @加密航海家飞鱼
Brother Nut is a very good trader, especially in short-term operations and contract operations, he can accurately grasp and control. What I appreciate most about him is that he always puts risk control first, stops profit appropriately, and then takes the remaining positions to make a layout. He is indeed a very responsible kol. Also, men who can compliment women will eventually be very successful... @Nuts坚果 $ETH $ENS $SSV #AI与GameFi市场表现 #比特币打破感恩节魔咒 #币安BNSOL质押PYTH #山寨币走势展望 #BSC生态活力释放
As demand surges, global investors are flocking to Bitcoin. The Chicago Mercantile Exchange (CME) Bitcoin futures open interest has surpassed 40,000 contracts for the first time, doubling since the beginning of this year. At the peak of Bitcoin in November 2021, open interest decreased by about 58%, to approximately 17,000 contracts. Meanwhile, Bitcoin's market capitalization reached a record of $1.94 trillion. The volatility of cryptocurrencies is not limited to price, but is also evident in sentiment. This year, the market odds for Bitcoin (BTC) reaching $100,000 soared to 85%, but dropped sharply to 64% in just the last 10 minutes. This rapid shift highlights the extreme sensitivity of the cryptocurrency market to speculative sentiment and breaking news. This is typical of emotional trading, where retail investors often end up losing. When market decisions are based on impulsive reactions to price movements or speculative optimism, it can cloud judgment and lead to significant losses. $BTC #市场回暖新机遇
Ygg broke through 0.7 for the first time, which is a cause for celebration! As the leader of the gaming sector, Ygg is of course our key target! The opening price is basically around 0.5x! This month's short-term has been milked for several rounds! In fact, in the big market in February and March, Ygg was the only investment target that Brother Lie had the confidence to call for all the friends to go all-in! I remember that the price of the coin was 0.4x at the time, and the old fans probably knew it. It was also because Brother Lie called Ygg in a nanny-like manner in the market in February and March that many people knew Brother Lie! The subsequent market also witnessed Brother Lie's foresight! Ygg reached a maximum of 1.77, and we ran away at around 1.6, which was basically nearly 4 times the original price! It can be said that the successful prediction of Ygg is the highlight moment that Brother Lie is most proud of in the first half of the year! Back to the present, the current coin price is 0.71+. Brother Lie believes that this price is still very cost-effective, and it is not too late to build a position, because in fact, according to Brother Lie's five-segment wave analysis method, ygg will start the main rising wave at the weekly level. With such a large-scale main rising wave to bless you, don't miss this opportunity!