Investors Trust Volume Increase in Dogecoin.
Cryptocurrency market has recently
entered a significant decline. Especially Bitcoin's (BTC) impact on markets dragged other assets along. Dogecoin (DOGE) experienced a notable price drop, while its trading volume increased significantly.
Dogecoin Investors Trust Volume Increase.
Dogecoin fell by 6.25% in the last 24
hours to $0.09925. Despite this price
drop, investors see the 25% increase in
trading volume as a positive signal.
Reaching a total trading volume of
over $668 million, DOGE is known as a
speculative cryptocurrency, but
investor interest remains strong.
During this volatile period for DOGE, other meme coins like Shiba Inu (SHIB) and PEPE) suffered larger losses. SHIB fell by 7.2% and PEPE by 9.23%.
Strong Recovery Expected Despite Price Drop.
Dogecoin stands out as a favorite among large investors, known as whales. After weeks of resisting at a critical support level, the price eventually fell. However, the intense interest from whales and more than 70% of profitable Dogecoin addresses lead investors to stay with DOGE despite the market's tough conditions.
This situation especially raises the possibility that a short-term recovery in Bitcoin could also lift Dogecoin's price. Market players expect Dogecoin to benefit positively if Bitcoin regains strength.
Recovery in Memecoins Could Affect DOGE.
Since Dogecoin is the king of meme coins in the cryptocurrency world, any movement in meme coins brings the possibility of a recovery for Dogecoin. Although Dogecoin has fallen below $0.1, it is expected to rise above this level again with market activity.
Despite the ongoing price fluctuations in Dogecoin, the increase in volume is valuable for investor hopes. Looking at the market as a whole, DOGE's future path seems largely dependent on the performance of meme coins and Bitcoin.
Cryptocurrency market has recently entered a significant decline. Dogecoin fell by 6.25% in the last 24 hours to $0.09925. Dogecoin's future path depends on meme coins and Bitcoin's performance.
đ Introducing $G: The Heartbeat of Gravity and Galxe Ecosystems! đ $Gravity
Exciting times are ahead with $G, the native token powering both the Gravity and Galxe ecosystems! Here's why $G is a game-changer and what the future holds:
Benefits and Rights of $G Holders:
Staking Rewards: By staking $G, you not only secure the Gravity network but also unlock exclusive rewards from Galxeâs applications. Itâs a win-win for active participants.
Governance Power: As a $G holder, youâre part of the G DAO, influencing key decisions and shaping the future of both ecosystems in a transparent, decentralized manner.
Transaction Facilitation: $G serves as the gas token on the Gravity Chain, streamlining and powering all on-chain transactions.
Future Prospects for the Gravity Chain:
Gravity is set to redefine cross-chain interactions with its robust Layer 1 omnichain platform. Its efficient, scalable, and secure infrastructure positions it well for mass adoption, elevating user and developer experiences across Web3. Expect increased transaction speeds, lower costs, and a more interconnected blockchain environment.
The Future of Galxe Powered by Gravity:
With Gravityâs advanced capabilities, Galxe will enhance its utility and scalability. $G will seamlessly integrate into Galxe applications like Galxe Quest, Passport, and Score, creating a more cohesive and efficient ecosystem. The collaboration promises innovative solutions and expanded functionalities for all users.
Like share and stay tuned to be part of the revolution! đ
#CryptoNewsCommunity #DefiMonДy #GravityAlphaMainnet #Gravity #writetoearn @Gravity
đ Ethereum Foundation's ETH Sales đ
$ETH đ‎ïžđȘ
[Go on VOTEđ NOW đ„đ„đ](https://app.binance.com/uni-qr/cpro/Valorus123?l=en&r=387299788&uc=app_square_share_link&us=copylink)
{spot}(ETHUSDT)
The Ethereum Foundation has deposited 35,000 ETH ($94.07M) to Kraken, which has since decreased in value by 8.8% to $2,450. This sale is part of a larger trend, as the foundation has sold 239,000 ETH ($654M) since January 1, 2021.
đ Key Points:
1. _Recent Sale_: 35,000 ETH deposited to Kraken 5 days ago, now valued at $2,450, down 8.8%.
2. _Total Sales since 2021_: 239,000 ETH sold, equivalent to $654M.
3. _Price Volatility_: The sale's value has decreased due to ETH's price drop from $2,688 to $2,450.
đ Market Implications:
1. _Supply Increase_: The sale adds to the circulating supply, potentially impacting ETH's price.
2. _Foundation's Holdings_: The Ethereum Foundation's ETH holdings have decreased, influencing their market influence.
3. _Market Sentiment_: The sale may impact investor sentiment, potentially leading to increased selling pressure.
đ Future Implications:
1. _Ethereum Foundation's Strategy_: The sales may be part of a larger strategy to diversify assets or fund development.
2. _ETH Price_: The increased supply and potential selling pressure may impact ETH's price in the short term.
3. _Market Dynamics_: The sale highlights the complex dynamics between foundations, exchanges, and market participants.
Stay informed about the Ethereum Foundation's sales and their impact on the ETH market! đđ
#RENDER
$RENDER
{spot}(RENDERUSDT)
{future}(RENDERUSDT)
The RENDER/USDT pair on Binance's 1-hour chart is showing signs of a bullish reversal following a recent dip to around $5.80. The price has managed to break above the 200-period moving average (MA), currently positioned at $5.521, suggesting a potential shift towards bullish momentum. The Volume Weighted Average Price (VWAP) is closely aligned with the 200-period MA at $5.826, indicating a consolidation phase may have ended, with upward movement likely to continue.
The Relative Strength Index (RSI) is currently at 55.64, reflecting moderate bullish momentum without entering the overbought territory, suggesting there is room for further gains. The Moving Average Convergence Divergence (MACD) histogram is above the zero line with a positive cross, indicating that bullish momentum is gaining strength. These indicators collectively suggest that RENDER/USDT could continue its upward trend, potentially testing resistance at the $6.20 level.
On the 1-hour TradingView chart, the price action displays a breakout from a consolidation range between $5.80 and $6.20. The breakout was confirmed by increased trading volume, reinforcing the bullish outlook. Currently, the price is testing a resistance level around $6.20. If the price sustains above this level, it could signal further gains towards $6.50 or higher. However, failure to break and hold above this resistance may lead to a pullback to the support level around $5.80.
Disclaimer:
The information provided in this analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and carry significant risks. Always perform your own research before making any investment decisions.
#6thTrade #BecomeCreator #Market_Update #MarketSentimentToday
#Polygone Get Ready For the BIGGEST Polygon Move!
Polygonâs $MATIC token has had a rough 2024. But the worst may be over as $MATIC bounced back strong after the flash crash. It did lead us to the main question of today, which is âIs Polygon Making a Comeback?
Polygonâs migration from the MATIC token to the POL token is coming soon. Are you ready?
After a year of flat performance and a bottoming out of 38.5 cents about 2 weeks ago, Polygon has rebounded to 52c. Thatâs a 40% move off the bottom. Is Polygon making a comeback? Letâs find out.
Token Migration
The plan right now is for the token migration to start on September 4th. In the migration, the $MATIC token will convert 1 for 1 to $POL. $POL will be a multi-utility token and have more utility and value than $MATIC currently has. One difference is that MATIC staking happens on ETH. That will change.
$POL will become the gas token and the staking token for Polygon going forward. This will make staking easier and cheaper for holders since they will not have to bridge or pay ETH gas. Staking will take place on Polygon PoS. All of this started with PIP-17. And here it is. Even if you donât read it yourself, the motivation listed here tells us a lot. It says:
#CryptoMarketMoves
{spot}(POLYXUSDT)
Polygon 2.0 will add zk proofs so it can increase available ETH blockspace across many Layer 2 chains while still inheriting ETH security. Any new chain deciding it wants to be part of EVM or build out its Layer 2 can do so with Polygonâs CDK or Chain Development Kit. They can do it faster, easier, and cheaper than ever before.
Itâs also a great foundation to use to build out your modular chain if thatâs what you want. You are using ETH security combined with Polygonâs own security and ZK encryption. So Polygon is now a realistic infrastructure play if you are bullish on modular blockchains. Celestia was one of the first and most successful. But it wonât be the only modular chain we have. And Polygon is providing the tools developer teams will need to build out these new chains.
đ Bitcoin's "Hangover" Continues: Is the Race Over?
- Bitcoin (BTC) is still feeling the effects of a wild party, lagging behind its all-time highs compared to the S&P 500.
- Mike McGlone from Bloomberg Intelligence suggests the "fastest horse" might be signaling the end of the race.
- BTC/USD is now 11 times the value of the S&P 500, down from its peak of 15 times in early 2020.
- Despite a recent dip to $58,000, traders like Crypto Chase see potential for a trend break to new highsâor a buying opportunity if it drops further.
Stay tuned, crypto enthusiasts! đ
đ Bitcoin's Rollercoaster: Is the Ride Over? đą
Bitcoin (BTC) is still feeling a bit woozy, struggling to regain its all-time highs. Bloomberg's Mike McGlone suggests the crypto party might be winding down. BTC is now 11x the value of the S&P 500, down from its 15x peak in 2020.
McGlone quips, "Is the fastest horse signaling the race is over?" With BTC hovering around $60,000, traders are eyeing either a breakout to new highs or a dip as a buying opportunity.
What do you think? Is Bitcoin just catching its breath or is the race really over? Drop your thoughts below! đŹ
**Bitcoin Struggles Amid Market Uncertainty**
Bitcoin's performance continues to lag, with its value relative to the S&P 500 falling short of previous highs. Bloomberg Intelligence's Mike McGlone suggests that Bitcoin might be experiencing a "hangover" from past peaks.
- **Current Status**: BTC/USD is about 11 times the value of the S&P 500, down from a peak of 15 times in early 2020.
- **Market Sentiment**: McGlone hints that the "fastest horse" in the race might be slowing down, predicting a potential drop to 7 times the S&P 500.
- **Price Action**: Bitcoin's price hovers around $60,000, with recent fluctuations causing concern among traders.
Despite the uncertainty, some see potential buying opportunities if Bitcoin hits lower lows. As always, investors should proceed with caution.
đš Binance Banned Palestinians Account ! FUD OR REALITY ?
In a shocking development, Binance has blocked a number of user accounts linked to illicit funds, sparking a wave of confusion and misinformation across the crypto community.
[Click here and vote MU_Traders and claim your reward in SOL token from pinned post.](https://app.binance.com/uni-qr/cpro/MU_Traders?l=en&r=530473962&uc=app_square_share_link&us=copylink)
#Binance , the worldâs largest crypto exchange, has swiftly addressed the situation, clarifying that these actions were taken solely to comply with internationally accepted anti-money laundering (AML) regulationsâjust like any other financial institution. Contrary to the rumors, only a few accounts were affected, and the platform remains safe and secure for all legitimate users.
Binance is now intensifying efforts to educate users on safe and compliant transactions, reaffirming its commitment to maintaining a trusted environment for everyone. As the crypto industry evolves, such measures are crucial to safeguarding the community. Stay informed, and donât let the #FUD take hold!
If you find this post helpful then don't forget to like it and share. Don't forget to vote @MU_Traders . Follow @MU_Traders for more news. Thanks for supporting âșïž.
#TON #DOGSONBINANCE #MU_Traders
đ±đšCrypto company CEO attacked and stabbed in court: Condition unclear
There were approximately 16 thousand people in South Korea. The CEO of #HaruInvest , who appeared in court today on the allegation of stealing cryptocurrencies worth close to 1 billion, fell and was stabbed during the hearing.
The CEO, who was left on the ground covered in blood, was quickly removed, while the parts are stated to be unclear.
Haru Invest CEO Hugo Hyungsoo, who was caught in South Korea in February and detained and later released on bail, was attacked with a knife in court.
Lee, who was stabbed in the neck, remained in the blood. The medical teams quickly healed and lifted Lee, but it was stated that the CEO's entire body was unclear.
According to the news in the South Korean media, the incident took place at the hearing in the Seoul Southern District Court. It was reported that the attacker was among those watching the hearing and injured Lee with a pocket knife-style knife coming from the back rows.
The South Korean media wrote that his surname was Kang, that the attacker was captured at the time of the incident and is currently being interrogated.
The money of Haru Invest, a crypto lending company, was seized in an operation in February of this year. CEO Lee was held in custody until July, then released on bail.
It is stated that Haru Invest stole a total of $16,000 worth of cryptocurrencies, around $826 million, and that their funds were also embezzled.
#Korea #binance #BTC
$PEOPLE đ has finally broken out of the triangle pattern and surpassed the dynamic resistance. The key resistance level to watch now is $0.15. If #PEOPLEUSDT can maintain its position above this level, we could see a significant bullish rally, reminiscent of previous upward trends. However, there's a caveatâif momentum doesn't push us past this resistance, a drop could occur.
In the case of a pullback, the next major support area around $0.04400 could serve as a crucial defense, with the potential for a bullish rebound from that zone. However, this is a critical juncture. Keep a close eye on the demand zone around $0.0240. A daily close below this level could invalidate the bullish outlook, paving the way for further declines.
#MarketUpdate #Signal #DOGSONBINANCE #GravityAlphaMainnet
{future}(PEOPLEUSDT)
$SOL Price Faces Double-Top Threat: Will SOL Crash to $140? - CoinPedia Analytics
The breakdown from this consolidation phase has shifted market sentiment for SOL to a bearish outlook. Moreover, SOLâs daily chart suggests the formation of a bearish double-top pattern, although this pattern is yet to be confirmed. Historically, when SOL approached the $160 level, it faced substantial selling pressure, causing its price to plummet to around $140. There is a strong possibility that SOL could experience a similar drop this time.
Supporting this bearish view, SOLâs open interest has fallen by 7% over the past 24 hours, reflecting decreased investor enthusiasm, according to CoinGlass data. However, the 200 Exponential Moving Average (EMA) still indicates an uptrend for SOL, as the price remains above this moving average. As of the latest update, SOL is trading around $153, marking a decline of over 2.5% in the past 24 hours. Its trading volume has remained stable, with a slight increase of 1.2%, according to CoinMarketCap data.
Vitalik Buterin: Airdrops Perfect for Blockchain Identity Use Cases #web3_binance
Vitalik Buterin highlighted the importance of airdrops for zero-knowledge and blockchain-based identity frameworks
According to Buterin, airdrops represent a compelling initial use case for these emerging technologies.
They align closely with the goals of developing robust blockchain identity and credentialing systems on the blockchain.
Buterin: Airdrops Key for Testing Blockchain Identity Systems #AirdropBinance
Buterin outlined several objectives for airdrops that closely match the aims of identity and credential frameworks. He mentioned that:
âą Airdrops aim to distribute tokens to genuine community members rather than random individuals who might immediately sell them.
âą They seek to reward those who have made meaningful contributions to a project, recognizing and incentivizing their efforts.
âą Airdrops strive to be reasonably egalitarian, although some level of disparity is acceptable.
âą They aim to resist adversarial farming, where users exploit the system to gain unfair advantages.#VoteForCrypto
{spot}(USDCUSDT)
These goals mirror the objectives of identity and credential frameworks, which are designed to ensure fair distribution, authenticate contributions, and prevent abuse. He also mentioned that for developers working on these frameworks, using token issuance through airdrops as a test case provides a valuable opportunity to refine their systems in a real-world, adversarial environment.
More About Airdrops & Web3 Identity
Buterin also noted that giving away tokens for free is not the only viable method. Another approach is to implement discounted sales, where individuals can purchase tokens at a reduced price based on their verified degree of membership or contribution. This strategy helps distribute token supply more widely and rewards non-financial contributors while ensuring that buyers have a stake in the system. Techniques used for airdrops, such as discounted sales, serve to achieve similar goals of fairness and incentive alignment.
Pepe (PEPE) has just started: Exciting analysis
In an analysis, it was stated that the bull flag formed on the Pepe (PEPE) chart gives a bullish signal in the short term.
In an analysis, it was stated that the bull flag formed on the Pepe (#PEPE ) chart gives a bullish signal in the short term.
PEPE, inspired by the Pepe the Frog figure and shown as a rival to #Dogecoin (DOGE), has decreased by nearly 10 percent in the last 24 hours. Despite the decline in question, it was claimed that PEPE gave a bullish signal.
In the analysis prepared by AMBCrypto, it was stated that a flag formation indicating an increase in PEPE was formed. The analysis predicted that if the formation works, the PEPE price could reach $0.00001725 and increase by nearly a thousand percent.
Popular memecoin Pepe (PEPE) has lost over 20 percent of its value since August 24. Could things be changing for PEPE, which has failed to attract the attention of memecoins?
AMBCrypto stated that the decline in the PEPE price should not be deceiving, and that the rise has just begun. The analysis said:
âPEPE is ready for a rise in the short term as new chart formations emerge. Supportive factors have increased the likelihood of such a recovery.â
The bull flag formation formed on the price chart is known as a frequently used technical model among traders. The formation usually predicts an increase in price after a long consolidation period.
According to the analysis that addresses the formation in question, the PEPE price may reach $ 0.00001725. Increasing volume and the size of the money flow are shown among the indicators supporting the rise.
According to the Moving Average Moving Average Convergence and Divergence (MACD) indicator, individual investors' interest in PEPE has begun to increase. The analysis, which touched on the increasing bullish power of the MACD, showed that the positive zone was touched.
The Chaikin Money Flow (CMF) indicator, which has been steadily rising since August 15, also gave a positive signal. The rising CMF data indicates liquidity inflow in PEPE.
DOGS Price Prediction: Whatâs Next for the DOGS Token?
With DOGS now listed on major exchanges like Binance and Bybit, many are wondering if the token will rise or continue its downward trend. Hereâs a closer look:
đœ Recent Performance Recap:
- Initial Surge: DOGS launched on MEXC at around $0.014 and quickly hit $0.015, driven by high trading volumes and excitement.
- Sharp Decline: Following the peak, the price fell to about $0.00129 as early investors sold off, with red candlesticks marking the drop.
- Stabilization: The price has settled around $0.0013, showing reduced trading volumes and a pause in market activity.
â© Future Price Scenarios:
- Potential Upside: If Pavel Durov, a key figure behind DOGS, is released from jail, it could boost interest and potentially drive the price to $0.0025-$0.0030.
- Potential Downside: If Durov remains detained, negative sentiment might push the price below $0.0010.
đ Key Levels to Watch:
- Resistance Levels: $0.001500 - $0.002000
- Support Levels: $0.001000 - $0.000800
â ïž Final Thoughts:
DOGSâ future price depends on external factors, particularly Pavel Durovâs legal situation. Positive developments could lead to a rise, while ongoing issues may result in further declines.
Stay updated and make informed trading decisions!
Disclaimer: This information is for informational purposes only and does not constitute financial advice. Always do your own research and consult with financial professionals before making investment decisions. Cryptocurrency markets are highly volatile and investments carry risks.
Soneium Minato Testnet and Spark Incubation Program Launched #DOGSONBINANCE
Sony Block Solutions Labs has launched the Soneium Minato Testnet and Soneium Spark Incubation program to boost Web3 adoption and support developers.
These initiatives mark a significant advancement in the Ethereum layer-2 solutions landscape.
They provide crucial support for builders and innovators in the Web3 space. Letâs explore more about the Soneium Minato Testnet.
Soneium Minato Testnet: A Gateway for Developers$SOL
The Soneium Minato Testnet is a public blockchain test environment designed to facilitate the development of Web3 applications. Accessible to all developers and creators, it offers a fast, cost-effective platform that is fully compatible with Ethereum. This compatibility allows developers to leverage familiar tools and frameworks while experimenting with new ideas in a risk-free setting.
Developers can build and deploy their applications on Soneium Minato. This will provide users with the opportunity to explore and interact with various Web3 services. The testnet uses test crypto assets, ensuring that all exploration remains risk-free. This setup enables users to experience the full range of services provided by each app.
Soneium Spark Incubation: Fueling Innovation
#CryptoMarketMoves
Alongside the Minato Testnet, Sony Block Solutions Labs has launched the Soneium Spark Incubation program, designed to ignite innovation within the Web3 ecosystem. Soneium Spark aims to support forward-thinking solutions by nurturing visionary creators and builders.
Soneium Spark offers significant support, including investments of up to $100,000 USD per team. This funding is aimed at developers, creators, and projects that are ready to build and innovate on the Soneium platform. By focusing on strategic growth and innovation.
{future}(DOGEUSDT)
Andre Cronje published an article titled "Why Defi", saying: The core of finance has always been empowerment and making idle assets work. In Defi, you don't need to be a qualified investor. Defi is the core cornerstone of a decentralized society. This is just the beginning, until traditional industries (such as insurance, energy, real estate, car sales, banks, etc.) are all on-chain, free to access, transparent and open to everyone.