Options on BTC and ETH will expire today. How will this affect asset prices?
Options are derivative contracts that allow traders to buy or sell an asset at a specific price on a specific expiration date.
The notional value of the expiring 69,179 BTC contracts and 908,754 ETH contracts is $4.7 billion and $3.4 billion, respectively.
According to Deribit, the put to call ratio on BTC remains at 0.61. This means traders are still bullish and the number of calls, or long contracts, is outnumbering the number of puts, or short contracts.
It is quite difficult to predict how the market will behave on the expiration day of a large number of contracts.
However, traders need to monitor the situation closely to ensure that increased volatility does not trigger unwanted stop losses.
The impact of option expiration on the price of the underlying asset is short-term. As a rule, the very next day the market will return to its normal state, and strong price deviations will be compensated. #BTC #Bitcoin #Ethereum #EarnFreeCrypto2024 $BTC $ETH
The weekly growth of the asset was almost 130%. Its capitalization reached $1.22 billion with a trading volume of $1.29 billion.
🌐 Despite the decline in the asset after listing, it continues to win back positions. CryptoQuant analysts linked this dynamic to the NOT distribution model.
A significant portion (69.59%) of the NOT airdrop was distributed through on-chain withdrawal, and 22.87% was allocated to incentivize the community.
™ An initial “market overreaction” caused a correction, but a combination of holder accumulation and community encouragement provided the potential for recovery.
As I expected, the project is so powerful that it will continue to gain momentum. Therefore, I hold part of the NOTs that were received upon listing for the long term and expect that they will bring much more profit.
On May 22nd, this day in 2010, programmer Laszlo Heinich bought two Papa John's pizzas for 10,000 BTC! – at the time of writing they are worth ~$698 million.
In May 2020, Laszlo said that he “mined a total of 100,000 BTC and spent half on pizza, and gave away the other half or sold it for other things. He made a few thousand dollars from all this, but that was enough to save for a new computer.”
🔗After the market, especially Alta, showed growth, we switched to a slight sideways trend, which is both wonderful and scary.
Great➡️because for us this is another opportunity to purchase at reasonable prices.
Scary 🙇🏻♂️ this is for those guys who have now entered the market without experience and want to make money relatively quickly... most likely they will end up at a loss without waiting for the rocket to take off.
📊Flat, aka Bokovik, is super necessary on the market. He is very good 💁🏻♂️ at marinating investors with his boredom. Knocks out “weak hands” from the market that are not ready to wait and gives an opportunity to far-sighted investors.
❗️If you want to win in this game, 🫴🏽 you need to act strictly on strategy and while there is an opportunity to buy the market in several orders, which is what we do.
🍑What does the $BTC chart tell us:
At the moment, there are no signs of buyer strength, one of the signs of a sideways trend.
While there is price weakness, I expect a decline in the Weekly block, where 1D IMB 64614 - 62971 is located, from where I would consider a new spot position.
Remember, for an investor, temperament is much more important than intelligence. 🐳🐳🐳$BTC #flat #binance #Bitcoin
⚠ Starting June 3, Telegram Wallet will tighten KYC rules
KYC (Know Your Customer or Know Your Client) is the operating principle of financial institutions, which obliges them to identify a person’s identity before he can carry out transactions.
To perform all operations except withdrawals, you will need to provide your name, date of birth and phone number. #Telegram #wallet #binance
Due to problems with bots, the developers of the Telegram game Tapswap addressed users with the following announcement:
🚨We have an important update for you: the launch of the pool is postponed until July 1st!
The main reason for this delay is that we have discovered many bots 🤖🤖🤖 that have earned an unrealistic amount of shares. To maintain fairness in the distribution of 💰 tokens, we are taking measures to stop and ban these bots.
Our top priority is to ensure that TAPS are distributed fairly and that those who earn them fairly are rewarded. We appreciate your patience and understanding as we work to keep our community intact🙏.
PS. Newcomers, this is your chance to fill your pockets with Stocks, while early TapSwap users can see their whale status rise even higher!
BLUM launched relatively recently and is gaining great popularity, having recently surpassed the mark of 3 million active users.
Everyone knows that at the moment the number of invites (the number of friends you can invite) is limited to 10. This is a very smart move, and now I will tell you why.
On the official website blum.io in the Blog section, there is a section where Blum is looking for ambassadors for the project. That is, popular bloggers, etc., who will represent Blum and thereby develop its popularity
In this way they want to collect the maximum number of ambassadors for the development of the project, which is a very reasonable decision.
Latest news from developers:
- Soon the restrictions on the number of invites will be lifted, namely in the second quarter of 2024, that is, until the end of June.
- Soon in Drop Game (a game where we collect snowflakes) it will be possible to collect real cryptocurrency.
- There will be tasks for completing which you can earn coins from various eco-systems, including TON.
- In the third quarter it is planned to launch an MPC wallet, with the possibility of full trading, like on exchanges #blum #BTC #ETH #Bitcoin #binance
Cryptocurrencies are typically based on blockchain technology, which describes a way of recording transactions in time-stamped blocks. This is a rather complex technical process, which results in a digital ledger of cryptocurrency transactions that is sufficiently resistant to hacking.
Unfortunately, there is an increase in the number of crimes related to cryptocurrency. Cryptocurrency scams can take one of the following forms. Fake websites. Scam sites with fake reviews and crypto jargon, promising huge guaranteed returns with continued investment.
You may be wondering how to buy cryptocurrency safely. This usually happens in three stages. Step 1. Select a platform The first step is to choose a platform to use. Typically, you can choose between a traditional broker or a specialized cryptocurrency exchange. Traditional brokers. These are online brokers offering the purchase and sale of cryptocurrency, as well as other financial assets: stocks, bonds, ETFs. These platforms typically offer lower trading fees but fewer cryptocurrency features.
Cryptocurrency. Definition and Description Cryptocurrency is any type of currency in digital or virtual form; To protect transactions in cryptocurrency, encryption (cryptography) is used. There is no central authority to issue or regulate cryptocurrencies. A decentralized system is used to record transactions and issue new units.
Types of cryptocurrencies - what they exist and how they differ
First of all, it should be noted that there is only one cryptocurrency that has the status of a separate asset outside of the main categories - Bitcoin (BTC). Bitcoin is the first and most popular cryptocurrency that is traded on Binance and other exchanges. This cryptocurrency is considered one of the main objects of investment for users, as well as the leader among all cryptocurrencies in terms of capitalization. The first historical cryptocurrency is often seen as a digital alternative to fiat currencies and gold.
⛏Mine Upgrade cards that will provide the opportunity for passive income.
⏰ Profit per hour The exchange will work for you independently, even when you are not in the game for 3 hours. Next you will need to re-enter the game again.
📈LVL The more coins you have on your balance, the higher the level of the exchange. The higher the level, the faster you can earn even more coins
👥Friends Invite your friends and you will receive bonuses. Help your friend move to the next leagues and you will receive even more bonuses.
🪙 Token listing At the end of the season, a token will be released and distributed among players. We will announce the dates in our announcement channel. Follow the news!
Link to the game, by following this link you will receive bonuses: https://t.me/hamster_koMbat_bot/start?startapp=kentId6958066889 #binance #HAMSTERCOIN #hamster_kombat
Right now, hamster players are waiting for the so-called “airdrop” - the distribution of tokens. It is assumed that the more the user clicked, the more he will receive.
The developers are just planning the release of their token. The timing is unknown, but, as they write on the Internet, one of the largest crypto exchanges, BingX, has already announced itself as a partner of the project. In theory, this should provide a guarantee that everything will be okay and there will be money.
But at the moment it is impossible to withdraw the “earned” money - you need to wait for the release of the “hamster” cryptocurrency. Most likely, such an opportunity will appear in the future, similar to other similar crypto games.
So, we can recall the experience of the Notcoin clicker, created by Telegram itself. You can find reviews on the Internet that someone even managed to earn money there and withdraw money through the exchange. In addition, Notcoin actually carried out the so-called listing and “distributed” TONs to its users. The cost of one at one point was six dollars, and, according to some active players, they managed to earn 15 thousand rubles in six hours of play.#hamsterkombat #binance #listing
💎 Toncoin is a first-level decentralized blockchain developed in 2018 by the ✅Telegram messenger. Since 2020, the technology has been developing thanks to a non-profit group of supporters and an independent community of enthusiasts who called themselves the TON Foundation. Toncoin, formerly known as Gram, is the native cryptocurrency of the $TON network.
If you open your eyes 👀, this is Durov’s project. Now there is 🫴🏽 full implementation of the token in the messenger + constant hype, Notcoin, Dubai2049... the project is definitely GEM💎 and the great growth that we have recently seen is just the beginning!
🍑 What the project schedule tells us:
The price showed strong growth in March 🌿 and formed equal highs. At the moment, the price has entered the imbalance zone, from where the position is being gained.
Below we have an area of interest; if the price falls below $5.5, I will add to the position.
I expect the price to rise, 💁🏻♂️ the target for the first fixations is the level at $7.7.
We accumulate assets, show patience 👈🏽 because this is one of the main qualities of a successful investor! 🪴#TONUSDT #Notcoin👀🔥
An event is planned in May to generate Hamster Kombat tokens, after which they will be divided among players. The exact date of the token listing is still unknown, but the developers promise to publish information in the community.
It is also expected to collaborate with a blockchain network to issue tokens, although a specific partner has not yet been named. According to the roadmap, the HMSTR currency is planned to be launched in June 2024. Let's consider where it can appear.#EarnFreeCrypto2024 #binance
👀 What's in Andreessen Horowitz's portfolio (a16z)
The company manages $42 billion. Investments in crypto are handled by a special division - a16z crypto. It includes 4 funds focused on various digital segments.
The total amount of funds intended for the development of the crypto industry exceeds $7.6 billion. a16z crypto invests money in promising startups in the early stages and holds the coins that are released. Many of them have already brought profit to the company.
Top 5 coins by capitalization in the a16z crypto portfolio:
- The largest asset in a16z’s portfolio remains Ethereum (ETH). Since January 2024, the price of the coin has increased by 30.65%. In total, since 2015, this investment has brought x9442.87.
- The second cryptocurrency in the a16z portfolio is Solana (SOL). Since the beginning of 2024, the coin has risen in price by 57.68%. Retail ROI since launch is x716.38.
- The third place in the company’s portfolio is occupied by Ripple (XRP). The XRP price is down 17.68% since the start of 2024. In total, since its launch, the asset has brought 19220.9%.
- In fourth place is Avalanche (AVAX). Investments in the project brought a16z x68.14.
This is indicated by data from CoinDance analysts who noticed the platform’s preparatory measures.
❕ They noted that on May 22, the Toncoin ticker was discovered in the Binance application programming interface (API). This may be part of the preparation for listing the asset on the platform.
The information is unofficial. There has been no confirmation from Binance yet. But if the listing does take place, we can expect another massive increase in TON.#TONUSDT #binance #EarnFreeCrypto2024