đ Big news from Capitol Hill! Senators Schumer, Lummis, and Scott are pushing for crypto legislation to pass through Congress by the end of 2024. This could be a game-changer for the industry, providing clear guidelines and reducing regulatory uncertainty. đ
At the recent SALT Wyoming Symposium, Lummis and Scott suggested the best route is via the Senate Agriculture Committee. But with limited working days left, will it happen? đ€
What do you think? Will Congress finally deliver the much-needed crypto regulations? Drop your thoughts below! đ #Crypto #Blockchain #Legislation
đ **Crypto Legislation on the Horizon?**
Senators Chuck Schumer, Cynthia Lummis, and Tim Scott are pushing for crypto legislation to move through Congress this year. With the crypto industry craving clear regulations, this could be a game-changer. The Senate Agriculture Committee might be the key to passing the bill, but with limited working days left, it's a race against time. Will we see new crypto laws by the end of 2024? Share your thoughts in the comments! đŹ
Stay tuned for more updates and join the conversation! #CryptoNews #Blockchain #Legislation
Airdrops on Binance often paint a familiar picture: an initial surge in price followed by a slow and steady decline. While no one can predict if $DOGS will follow this script, caution is key. Instead of riding the wave of hype, consider letting the token find its footing and establish a stable base price before jumping in.
With 51 million participants now holding $DOGS, we might see a flurry of sell-offs as traders look to lock in gains or exit when the price peaks. Just take a look at the Pepe chartâitâs a powerful reminder that stability is crucial for long-term success. By watching these trends, you can gain valuable insights and make smarter, more informed investment choices.
#dogsday #DOGSONBINANCE #TelegramCEO #Write2Earn
Binance Excites Solana Community by Introducing "BNSOL" âĄđ€©
On August 29, 2024, Binance posted "BNSOL coming soon" on X, sparking speculation in the Solana community. One theory suggests "BNSOL" could mean "Binance Staked SOL," potentially indicating Binance's entry into Solana network staking services.
This move could boost liquidity and network security. Despite the buzz, SOL's price hasn't shown significant movement yet. Investors are watching closely for potential price action as more details emerge.
The crypto community eagerly awaits clarification on what "BNSOL" entails and its potential impact on the Solana ecosystem and investors. While exciting, new developments always come with both opportunities and risks.
As Binance and Solana prepare to unveil "BNSOL," the community anticipates how it might reshape Solana-based services and investments.
#BNSOL #Binance #SOL #solana
Is Bitcoin Nearing Its Bottom? Hash Price Hits All-Time Lows, Echoing the Past
In recent days, the Bitcoin hash priceâa crucial indicator of miner revenue per terahashâhas plunged to unprecedented lows, hitting $0.042. This decline has reignited speculation that Bitcoin may be approaching a bottom, a pattern we've seen play out before.
Historically, as noted by on-chain analysis platform CryptoQuant, when the hash price bottoms out, Bitcoin's price often follows suit, suggesting that the current market might be on the brink of a significant turning point. The chart below vividly illustrates this relationship, with the yellow line showing the hash price dipping while the black line reflects Bitcoinâs price trajectory. Past occurrences where the hash price fell to its lowest levels have often signaled the bottom for Bitcoin.
But that's not the only story in the data. According to CryptoQuant CEO Ki Young Ju, thereâs a glimmer of hope as we approach the fourth quarterâa period historically marked by bullish momentum, especially in years following a halving. Ju points out, âThe bull rally in the last Bitcoin halving cycle started in the fourth quarter. Whales wonât allow the fourth quarter to be boring with a flat performance on an annual basis.â
So, what does this mean for traders on Binance? While the hash price may be signaling a bottom, the approaching fourth quarter could be the spark that ignites the next big Bitcoin rally. Stay sharp, stay informed, and keep an eye on the trends as they unfold.
đš Could Bitcoin Skyrocket to $10 Million? Robert Kiyosaki Thinks So! đš
đ¶ A Bold Prediction
Robert Kiyosaki, the legendary financial guru, has dropped a bombshell: Bitcoin could surge to an astronomical $10 million per coin! With the U.S. drowning in debt and the dollar's future looking shaky, Bitcoin's finite supply of 21 million coins might be the lifeboat we all need. đđ„
đ¶ **Michael Saylor Doubles Down**
Not just Kiyosaki, but Michael Saylor, the brain behind MicroStrategy, is even more bullishâpushing his prediction to a jaw-dropping **$13 million** per Bitcoin! To him, Bitcoin is "perfect money," a safe haven from the endlessly printed U.S. dollar. đđ
đ¶ **A Dream or Reality?**
Sure, a $10 million Bitcoin sounds like a dream, but with the growing economic turbulence, Bitcoin's role as a hedge against chaos is more important than ever. Even if it doesn't reach that peak, the potential for massive gains is undeniable! đĄïžđž
**Bottom Line:**
Bitcoin might just be the long-term powerhouse your portfolio needs. Will you be ready when it takes off? đŠđ
â ïžÂ BREAKING UPDATE REGARDING $SHIB $SUI $WIF
SHIB (Shiba Inu)
Support Level:Â $0.00001350Resistance Level:Â $0.00001450
Analysis:Â The major support level for SHIB is at $0.00001350, which has been a crucial point for buyers. On the resistance side, $0.00001450 is the key level to watch. If SHIB can break above this resistance, it could see further gains. However, a drop below $0.00001350 might lead to a pullback towards $0.00001300.
SUI (Sui)
Support Level:Â $0.8000Resistance Level:Â $0.8500
Analysis:Â The major support level for SUI is at $0.8000, which has held strong during recent market corrections. The key resistance level to monitor is $0.8500. Breaking above this resistance could lead to further upward movement. Conversely, if SUI falls below $0.8000, it might see a decline towards $0.7800.
WIF (Dogwifhat)
Support Level:Â $1.50Resistance Level:Â $1.60
Analysis:Â The major support level for WIF is at $1.50, which has been a critical point for buyers. On the resistance side, $1.60 is the key level to watch. If WIF can break above this resistance, it could see additional gains. However, a drop below $1.50 might lead to a pullback towards $1.45.
#TelegramCEO #Write2Earn! #WIF #BinanceLaunchpoolDOGS #TON
SLP (Smooth Love Potion) is the native cryptocurrency of the Axie Infinity ecosystem, a popular blockchain-based gaming platform. Here are some key points about SLP coin:$SLP
Key Features:
1. _In-Game Currency_: SLP is used as the primary currency within Axie Infinity.
2. _Breeding and Crafting_: SLP is required for breeding and crafting new Axies (game characters).
3. _Rewards and Incentives_: SLP is distributed as rewards for player achievements and contributions.
4. _Governance_: SLP holders can participate in governance decisions, shaping the platform's development.
Use Cases:
1. _Axie Infinity Gameplay_: SLP is used for various in-game activities, like breeding and crafting.
2. _Decentralized Finance (DeFi)_: SLP is used in DeFi applications, such as lending and borrowing.
3. _NFTs (Non-Fungible Tokens)_: SLP is used for creating and trading NFTs within the Axie Infinity ecosystem.
4. _Gaming and Esports_: SLP is used in gaming and esports applications, such as tournament prizes.
Availability:
SLP tokens are listed on various cryptocurrency exchanges, including Binance, Huobi, and Uniswap.
Partnerships:
Axie Infinity has partnered with notable projects
Solana (SOL) has recently underperformed, contrasting sharply with its strong gains earlier this year. After reaching a high of $200 between March and April, the price dropped to a low of $110 in early August. Since then, there has been a modest recovery, with SOL now trading around $138.01, near the $140 support level, indicating continued downward pressure.
**Key Levels to Watch:**
Major Support Level: $110 â This is the significant low reached in early August. If SOL falls below the current support levels, $110 will be a critical level. A break below this could signal further bearish movement.
**Support Levels**:
- $132: The recent low and immediate support level. Falling below this could lead to a test of the $130 level.
- $130: A strong historical support zone. A break here would suggest potential further declines.
**Resistance Levels**:
- $140: The immediate resistance level. Holding above $140 is crucial for a bullish reversal.
- $147.90: The 100-day EMA; breaking above this level would suggest increased bullish momentum.
- $150.07: The 200-day EMA is a key resistance point. A break above it could open the way for further gains.
- $170: A significant resistance and psychological level. Breaking above $170 would confirm a bullish breakout and further upward potential.
**Market Outlook:**
Technical indicators like MACD and RSI suggest that bearish momentum is weakening, setting up the possibility of a bullish reversal. If SOL maintains above the key support levels and breaks through resistances at $147.90 and $150.07, a move beyond $170 could be on the horizon. Given its current price dynamics, Solana offers a notable opportunity for gains, making it a cryptocurrency to watch for a potential breakout.#CryptoMarketMoves #Write2Earn!
Peer-to-Peer (P2P) scams in Binance or any other platform typically involve fraudulent activities where scammers exploit the P2P trading system to deceive users. Here's how it commonly happens:
1. Fake Payment Proof: Scammers may send fake payment confirmations, such as doctored screenshots or fraudulent transaction IDs, to make it appear that they've completed the payment. The victim, believing the payment has been made, releases the cryptocurrency to the scammer.
2. Reversal of Payment: After the victim releases the cryptocurrency, the scammer may use a stolen bank account or credit card to make the payment. Once the true owner of the account realizes the unauthorized transaction, they initiate a chargeback, leaving the victim without their cryptocurrency or the payment.
3. Impersonation: Scammers sometimes impersonate Binance support or other trusted figures within the platform to trick users into releasing funds or providing sensitive information.
4. Overpayment Scam: A scammer might overpay for the cryptocurrency and then request the victim to return the excess amount. After the victim returns the money, the scammer reverses the initial payment, resulting in a double loss for the victim.
5. Fake Appeals: A scammer may lodge a fake dispute or appeal within Binance after receiving the cryptocurrency, claiming they didn't receive it or that there was an issue with the transaction. This can lead to a prolonged dispute process where the victim might lose out if not careful.
How to Protect Yourself:
- Verify Payments: Always ensure that you have received the payment in your bank account or wallet before releasing cryptocurrency.
- Be Cautious with New Users: Check the trading history and reputation of the person you're trading with.
- Use Binance's Escrow Service: This service holds the cryptocurrency in escrow until both parties confirm the transaction is complete.
- Avoid Direct Contact: Keep all communications within the Binance platform to have a record in case of disputes.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole