šøHello guys, today let's review 12hour price chart for BONK. Outlook remains bullish currently pullback in progress, however buying low still is a perfect trade setup.
šøBONK is one of the top rated solana meme coins. currently undergoing correction and still not complete, however risk/reward is shifting in bulls favor already.
šøRecommended strategy bulls: Price action contained within bullish channel. get ready to buy low near 2500, TP is 7500 +300% gain. BUY/HOLD setup for patient traders. keep in mind that BONK already got a heavy valuation, so do not expect miracle overnight gains.
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Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.Ā
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:Ā 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair.Ā 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).Ā
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.Ā
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.Ā
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid.Ā Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub.Ā Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Ā
The price of Bonk (BONK) can fall for a number of reasons .
BONK. 1. Profit-takingInvestors may sell their BONK to take profits, especially during periods of high price volatility.2. Negative sentimentA general negative attitude towards meme coins can cause downward pressure on BONK.3. Market uncertaintyGeopolitical concerns and developments in the US, such as inflation and the presidential debate, can make the market uncertain and negatively impact the price of digital assets.Ā $BONK #BONKš„š„
The price of Bonk (BONK) can fall for a number of reasons .
BONK. 1. Profit-takingInvestors may sell their BONK to take profits, especially during periods of high price volatility.2. Negative sentimentA general negative attitude towards meme coins can cause downward pressure on BONK.3. Market uncertaintyGeopolitical concerns and developments in the US, such as inflation and the presidential debate, can make the market uncertain and negatively impact the price of digital assets.Ā $BONK #BONKš„š„
XRP continues to dig new local bottoms as the asset slumped to a multi-day low of under $2 twice in the past 24 hours.
This comes just a few days after some analysts speculated that Rippleās token had already peaked during this cycle.
Recall XRPās massive price surge that started shortly after Donald Trumpās victory in the US presidential elections and intensified when current SEC Chair Gary Gensler said he will depart from his position on January 20, 2025.
The cross-border token skyrocketed by over 400% within the span of a month, going from under $0.6 to almost $3 to chart its highest price tag since January 2018.
However, this is where the landscape changed for the asset as it quickly started to lose momentum even though the community was anticipating a break through $3 and potentially a new all-time high above $3.4.
CryptoPotato reported on December 5 that XRP had dumped by 17% in just two days, and many started to speculate that it had already peaked during this cycle and will continue to retrace in the following days.
They justified their position by attributing the substantial gains charted during most of November to the hype around the changes coming in the States and in the SEC, in particular. Once Trump made his announcement about the new SEC Chair, who is indeed pro-crypto, XRP started to dump hard ā a classic āsell-the-newsā event.
Rippleās coin had dropped to $2.2 at this point. It managed to bounce off to $2.6 in the following days but has been in a freefall state since the start of the current business week. Minutes ago, it slipped below $2 for the second time since yesterday evening.
As of now, itās losing the battle for the third spot in terms of market cap to Tether, as its own has dumped to $114 billion ā $24 billion shy of USDTās.
Moreover, XRP is among the few larger-cap alts with double-digit price dumps on a daily scale. In fact, itās the poorest performer from the top 15 alts, aside from Shiba Inu.
XRPUSD. Source: TradingView
The post Why Is Rippleās (XRP) Price Down by 17% Today? appeared first on CryptoPotato.
Test Your BTC Intuition and Win Up To $5,000 USDC in Rewards!
Think you can predict the BTC market? Put your intuition to the test and grab your share of the $5,000 USDC reward pool! Join our daily āBullish vs Bearishā voting campaign and connect with the crypto community by sharing your market sentiment. Campaign Period: 2024-08-08 00:00 to 2024-08-14 23:59 (UTC)
How To Participate: Vote on $BTC Direction and Share Insights: Option 1: Visit the BTC trading page and vote whether the day will be bullish or bearish. Share your insights and reasoning behind your vote in an accompanying post.
Option 2: Create a post through the ā+ā posting button on Binance Square, adding the $BTC cointag, and vote bullish or bearish in the content editor.
Winning Criteria: Bullish Votes Win: If the BTC price at the end of the day (daily close price) is higher than the price at the beginning of the day (open price).Bearish Votes Win: If the BTC price at the end of the day (daily close price) is lower than the price at the beginning of the day (open price). Eligibility:Ā Only the first prediction per day will be considered if a user makes more than one prediction.Voting and posts made between 21:00-24:00 UTC will not be counted as eligible entries.
Reward Structure: Daily Challenge Participate in our daily task! Users who post and vote in the correct direction will be eligible to share a $500 USDC prize pool each day. Join every day and predict correctly to win! *Individual cap: $2 USDC per participant per day. Extra Rewards: Make correct predictions for several days and earn additional rewards!
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for the votes to count.Ā Each day runs from 00:00 (UTC) to 23:59 (UTC).Ā Rewards will be distributed in the form of token vouchers to eligible users within 21 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub.Ā Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Ā Binance reserves the right to cancel a userās eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.