đ Russia's Crypto Revolution is Just Around the Corner! đ·đș
Hold on tight, crypto enthusiasts! Russia is about to shake up the global financial scene with a groundbreaking move next week. Theyâre gearing up to embrace #cryptocurrency for international transactions, navigating around Western sanctions like never before. đđ„
Imagine this: #Bitcoin and other digital currencies taking center stage in Russia's trade strategy, offering a decentralized and resilient alternative to traditional finance. This isn't just a rippleâitâs a potential tsunami in the economic world! đđ°
What does this mean for you? A new era of financial sovereignty could be on the horizon, with far-reaching implications for global crypto adoption. Or could it stir the pot in international relations? đ€
Stay ahead of the curve and watch closely as this unfolds. Russiaâs bold step could be a pivotal moment for #blockchain technology and international trade. And remember, this might just send shockwaves through the CryptoMarkets, so keep those trading strategies sharp! đđ„
#Binance #CryptoRevolution #GlobalFinance #TradeStrategy #FinancialSovereignty
Shiba Inu: How High Can SHIB Surge in September 2024? #shibaâĄ
The Shiba Inu (SHIB) ecosystem has endured a difficult month throughout August. With more falls than upticks, the meme coin suffered. The asset dipped to a low of $0.00001108.
While the community was hoping that Shiba Inu would eliminate a zero, it dropped by close to 14% over the past 30 days. Despite this, the market seemed optimistic and was hoping for an eventful September 2024
Current Market Status and Predictions
At press time, the meme coin was trading at $0.00001487, a drop of 1.12% over the past 24 hours. This dip comes as a surprise to many, as the network announced its recent inclination towards decentralization.
SHIB is currently the 13th largest cryptocurrency, with a market capitalization of $8.85 billion. The asset demonstrates its wide acceptance and significant market presence.
Investor Sentiment and Market Data
The cumulative Long Liquidation Leverages demonstrated investorsâ confidence. According to Coinglass data, there were more longs than shorts on the previous day. This disparity implies that traders are expecting the price of SHIB to increase. But predictions for the next month could spell a whole new
Experts in the cryptocurrency market predict that after examining Shiba Inuâs price, the SHIB rate will surge to a high of $0.0000242 in September 2024.
While this shatters the assetâs plans to eliminate a zero, the upcoming high is still a notable spike from its current price levels. However, the meme coin might fall to a low of $0.0000169.
In addition, the estimated average Shiba Inu for September 2024 is close to $0.0000206. Thus, it seems that the asset will undergo a bullish September.
$SHIB
#CryptoMarketMoves #BlackRockETHOptions #TelegramCEO #BTCâ
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Investments in Bitcoin Reach 5-Week HighâIs a Bull Rally Coming?
Last week, bitcoin investment products had their greatest inflows in five weeks, according to Coinshares.
This spike comes as investors expect US Federal Reserve interest rate decreases, which might affect global markets, including cryptocurrencies.
Bitcoin Drives Crypto Asset Fund Flows
CoinShares reported $533 million in digital asset investment product inflows from August 18 to 24, indicating a market change.
Most of these inflows ($543 million) went to Bitcoin-related ETPs.
Bitcoin investment interest soared after Federal Reserve Chair Jerome Powell spoke at the Jackson Hole Symposium on August 21, according to the research.
Powell said the first interest rate decreases may come in September 2024, prompting investors to restructure their portfolios for a better climate for risk assets like cryptocurrencies.
According to CoinShares, Bitcoin alone benefited from this revived investor interest, driving most inflows into Bitcoin-related ETPs. BlackRock's iShares Bitcoin Trust (IBIT) dominated the week with $318 million inflows.
Bitcoin's susceptibility to interest rate predictions was shown by Friday's majority of inflows after Jerome Powell's dovish remarks.
Ethereum Fund Flow Performance
Ethereum-related investment products fared poorly throughout the same time. Despite new Ethereum ETF issuers attracting investors, Ethereum-related products lost $36 million.
This trend was driven by $118 million withdrawals from the Grayscale Ethereum Trust (ETHE), which outweighed newer Ethereum ETF inflows.
Recently launched Ethereum ETFs have received $3.1 billion in inflows despite these withdrawals since July 23. Grayscale's ETHE outflows of $2.5 billion largely offset this.
The CoinShares study also showed regional investment flows, with the US dominating with $498 million. Hong Kong and Switzerland also experienced $16 million and $14 million inflows.
#CryptoMarketMoves #PowellAtJacksonHole #BinanceBlockchainWeek $BTC $BNB
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đ Donât Let Go of Your $DOGS: The Secret to Maximizing Gains Post-Binance ListingThe buzz around $DOGS is undeniableâitâs just landed on Binance, and the crypto community is on fire! But before you hit that sell button, letâs talk strategy.Why Selling Right Now Might Not Be Your Best Move:When coins like $DOGS, which were distributed via free airdrops, hit major exchanges, thereâs often a rush to cash in. This can trigger a quick dip in price, as eager sellers flood the market. But hereâs where things get interestingâ$DOGS isnât your average meme coin.What Makes $DOGS Different?- Mega Support: Backed by Telegramâs CEO, Durov, and driven by a passionate community, $DOGS has something special.- No Strings Attached: No tokenomics reveal, no lock-up, and no vesting periods. $DOGS is playing by its own rules.- Big Market Potential: With the right moves, we could be looking at a market cap of 1 billion, 3 billion, or even 5 billion in just monthsâmaybe even weeks.The Smart Play? Hold and Strategize!Sure, you could sell now, but why not consider a gradual approach? Hereâs a pro tip: Divide your $DOGS into three parts. Sell them over the next 3-5 months to ride out the waves and potentially cash in on even greater gains.Remember: Timing is everything. Patience pays. Donât just follow the crowdâoutsmart it. Your future self might thank you!If this insight resonated with you, show some love with a vote or content creator award. Check the pinned comment for details! đđŒ
#BNBChainMemecoins #TelegramCEO #CryptoMarketMoves #Raiteam
$BICO /USDT
**Understanding IT Spot and Resistance Levels**
In trading, understanding IT (Information Technology) spot prices and resistance levels is crucial for making informed decisions. The IT spot price refers to the current market price at which a particular asset, such as a stock or commodity in the tech sector, is bought or sold for immediate delivery. Spot prices fluctuate based on supply and demand dynamics, and are influenced by various factors like market sentiment, economic indicators, and technological advancements.
Resistance levels, on the other hand, are price points at which an asset struggles to move higher. These levels are identified through technical analysis and represent areas where selling pressure overcomes buying pressure. When an asset approaches a resistance level, it often faces difficulty breaking through, as many traders may choose to sell at this point, expecting the price to drop.
For IT stocks, identifying spot prices and resistance levels is essential for timing entry and exit points. Traders use these indicators to anticipate price movements, manage risks, and optimize profits. Successfully navigating IT spot and resistance levels requires a deep understanding of market trends, chart patterns, and economic factors that impact the technology sector. By mastering these concepts, traders can enhance their strategies and improve their trading outcomes.#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
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đ„đ„đ„ #bitcoinâïž Holds Steady at $63,000: Analysts Weigh In on Next Steps
Bitcoin Nears $66,000 Amid Rebound Phase, Analysts Eye Key Technical Levels
Bitcoin seems to be entering a rebound phase, with its price nearing the $66,000 mark after briefly touching a 24-hour high of $64,893 earlier today. The cryptocurrency has since pulled back slightly, trading at $63,786, reflecting a minor 0.2% decline over the past day. Despite this small dip, analysts are divided on Bitcoinâs immediate future, focusing on critical technical levels that could determine its next significant move.
What's Next for Bitcoin?
Crypto analyst Emperor noted that Bitcoin bounced from the $58,000 support zone, which he identified as a key buy zone. He highlighted that Bitcoin has reclaimed the 200-day EMA on the 4-hour chart, seeing this as a positive sign.
Emperor highlighted that Bitcoinâs recent price movements, including front-running the quarterly open and sweeping weekend range lows, are characteristic of a strong uptrend. Although he suggests that Bitcoin may not see continuous upward momentum this week, he remains bullish, with the next target being the monthly open. He concluded by advising caution, stating:
âI will be taking some profits on swing positions. The ultimate direction is up, but now is the time to gradually take profit on Bitcoin while bidding on alts.â
Is Another Correction on the Horizon?
While Emperor remains bullish on Bitcoin, Macro Johanning is more cautious, noting that Bitcoinâs recent peak at $65,100 might signal a temporary exhaustion of momentum, possibly leading to a dip to around $61,000 before any further gains.
Johanning highlighted the importance of upcoming economic data, including U.S. Consumer Confidence, Nvidia's earnings, Q2 GDP, Pending Home Sales, and PCE Inflation data, in influencing Bitcoinâs short-term direction. He noted $67,000 as Bitcoin's next key resistance level following its current consolidation.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareBTC #CryptoMarketTrend
đ **Crypto News Flash: Bitcoin ETFs Surge Amid Investor Confidence!** đ
- Spot Bitcoin (BTC) ETFs in the U.S. hit a record high with net inflows reaching $202.6M on Aug. 26, pushing total inflows past $18B!
- BlackRockâs IBIT led the charge with $224.1M, while Franklin Templetonâs EZBC and WisdomTreeâs BTCW saw $5.5M and $5.1M, respectively.
- Bitwiseâs BITB, Fidelityâs FBTC, and VanEckâs HODL faced outflows of $16.6M, $8.3M, and $7.2M.
- BTC price dipped 1.3%, trading at $63K. Ethereum (ETH) ETFs saw $13.2M in outflows, with ETH down 1.7% at $2,700.
đŹ What are your thoughts on these trends? Comment below!
BINANCE has announced new investments in decentralized AI ecosystem specifically in projects like Sahara AI and my Shell. These investments are part of Binance strategy to support the development of AI-powered decentralized applications DApps By backing these AI-focuse initiatives, Binance Labs aims to drive innovation in the blockchain space, enabling the creation of advanced DA pps that leverage AI for enhanced functionality, user experience, and automation. This move reflects a growing trend of integrating AI technologies within the blockchain industry, potentially leading to more intelligent and autonomous decentralized
10 #Bitcoin ETFs
NetFlow: +3,622 BTC (+$228.86M)đą
#iShares inflows 1,366 #BTC ($86.29M) and currently holds 354,209 BTC ($22.38B).
9 #Ethereum ETFs
NetFlow: -4,926 ETH (-$13.36M)đŽ
#Grayscale (ETHE) outflows 7,738 ETH ($20.99M) and currently holds 1,822,527 ETH ($4.94B).
Here are the top 3 coins for a $50 long-term investment:
1. **$BTTC (BitTorrent Chain):** Currently trading at 8.9e-7, BitTorrent Chain is a scalable blockchain platform within the BitTorrent ecosystem. Explore its use case, team, and technology to assess its potential for growth.
2. **$1000SATS:** Trading at 0.0003492, this project is linked to Bitcoin's smallest units, satoshis. Ensure it aligns with your investment strategy by researching its legitimacy and goals.
3. **$SLP (Smooth Love Potion):** Priced at 0.002574, SLP is essential to the Axie Infinity ecosystem. To evaluate its potential, consider Axie Infinity's growth and the role SLP plays in it.
Follow me for more investment insights, and letâs work together to grow your portfolio!
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
#DOGSONBINANCE DOGS Holders: Stay Calm and Keep HODLing
The Binance Listing is a Game-Changer
The recent listing of $DOGS on Binance marks a significant milestone for the project. This exposure to a massive trading platform presents incredible opportunities for holders. However, it's important to approach this moment with a level head and a long-term perspective.
Lessons from Notcoin:We can learn valuable lessons from the Notcoin $NOT experience. While NOT saw a dramatic price surge following its Binance listing, early sellers missed out on substantial gains. The key takeaway is that patience can often pay off.
Why $DOGS is Different
DOGS stands out from projects like NOT due to several key factors:
- Unveiled Tokenomics: Unlike NOT, DOGS' tokenomics are transparent, providing investors with a clear understanding of the project's fundamentals.
- No Lock-ups or Vesting: DOGS doesn't have restrictive token lock-ups or vesting periods, giving holders more flexibility and control over their investments.
- Strong Community and Potential Support: DOGS has a passionate community and the potential backing of Telegram's CEO, Durov, which could further drive its growth.
A Strategic Approach to Selling
To maximize your potential returns, consider a strategic selling approach. Divide your DOGS holdings into three parts and sell them gradually over a period of 3-5 months. This allows you to capitalize on market fluctuations and potentially capture significant gains.
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Meme Coin Turmoil: DOGS Drops 22% as Traders Chase New Base Coin
The volatile world of meme coins is shaking things up again! DOGS, once a favorite among crypto enthusiasts, has seen its value plunge by 22% in just 24 hours. The reason? Market attention is shifting to a new base meme coin thatâs capturing the spotlight.
This fresh meme coin is drawing traders with its promise of a return to the core principles of meme coins: fun, community, and simplicity. With FOMO spreading, early adopters are driving up its price, eager to get in before itâs too late.
However, timing is crucial! The meme coin market is known for its wild swings, and those who delay might end up holding a depreciating asset.
Will DOGS make a comeback, or is it time to pivot to this new contender? Investors need to decide fast. In the ever-changing meme coin scene, only the sharpest will come out on top.
#DOGSONBINANCE #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
đ Despite a rocky start, the DOGS meme coin on Telegram is still making waves! đ
Launched on August 26, DOGS saw its market cap skyrocket to over $600M in just 10 hours, but it faced a 30% drop soon after. The arrest of Telegram CEO Pavel Durov has added to the volatility, sparking the #FREEDUROV campaign.
Trading on major exchanges like Binance and OKX, DOGS experienced a trading volume of $1.74B. The ongoing airdrop and bot issues have added strain, but the community remains optimistic.
Stay tuned as the market navigates these turbulent waters! #Crypto #Web3 #Blockchain
đ¶đ Hold onto your leashes, folks! DOGS, the meme coin barking up the Telegram tree, had a wild first day! Initially fetching a $600M market cap in 10 hours, it then took a 30% nosedive. Why? Telegram CEO Pavel Durov got collared! đŸ
#FREEDUROV is trending, but the DOGS token is feeling the bite. Despite launching on big exchanges like Binance and OKX, the arrest has spooked the pack.
Airdrop woes and bot bans added fuel to the fire. Yet, we're optimistic! Market hiccups are just part of the crypto adventure.
What do you think? Will DOGS bounce back? Comment below!
$NOT Price Prediction: The Telegram Coin Is Oversold - BeinCrypto Analytics
Yesterday, Notcoinâs price dropped to $0.0088, a level last seen during the broader market drawdown earlier this month. A further slide below this point could have spelled trouble for the cryptocurrency associated with Telegram.
However, as seen in the chart below, NOT has rebounded to $0.0093. The daily chart also highlights the Money Flow Index (MFI), showing that NOT is currently oversold. In crypto, an oversold asset often increases the likelihood of a price rebound.
For those unfamiliar, the MFI analyzes price and volume to gauge buying and selling pressure, identifying overbought and oversold conditions. An MFI reading of 80.00 or above signals overbought, while 20.00 or below indicates an oversold state.
With a current MFI reading of 18.30, Notcoin is oversold. If buying pressure builds, the cryptocurrency could aim for a short-term target of $0.012. However, if selling pressure intensifies or more negative news surfaces, like further developments in Durovâs arrest in France, NOT could decline toward $0.0077.
#RPL $RPL
MartClues AI Analysis: Bullish Breakout from Falling Wedge
Trade Setup:
Despite the prevailing downtrend, the price recently broke out from a Falling Wedge pattern. This breakout suggests a potential temporary bullish trend reversal with an upside potential of +15% towards the $12.00 resistance level. Set a stop loss at $9.80 to manage risk. This trade setup is riskier because it goes against the overall downtrend and represents a trend reversal rather than a continuation.
Patterns: Falling Wedge Breakout
The Falling Wedge pattern typically indicates that a downtrend is losing strength and a bullish breakout could occur. Traders generally wait for the price to break through the upper trendline of the wedge before entering a trade. A successful breakout from this pattern often leads to significant upward movement. Learn more about trading these patterns in Lesson 8.
Trend and Momentum:
Short-term Trend: Neutral (post-breakout)Medium-term Trend: DownLong-term Trend: Strong Down
Momentum is currently bullish but showing signs of weakening. The MACD Line remains above the MACD Signal Line, but the declining MACD Histogram bars suggest that bullish momentum may be diminishing. The price is in a neutral zone according to RSI-14 levels, indicating it is neither overbought nor oversold.
Support and Resistance:
Nearest Support Zone: $10.00Nearest Resistance Zone: $14.00, then $18.00
Take Action:
Monitor the price closely for further movement following the breakout from the Falling Wedge pattern. If the price continues to rise towards the $12.00 resistance, it may confirm the trend reversal. Implement a price alert and set a stop loss to manage potential risks. Keep an eye on momentum indicators and adjust your strategy as needed based on further price action and trend developments.
#Gala Games Rumored to Launch Global Rewards Program for GALA Holders
In an unexpected turn, rumors have emerged that Gala Games is preparing to launch a global rewards program for $GALA holders. It is said that the program will offer massive rewards, potentially reaching millions of dollars, to all current token holders, as well as exclusive access to the company's gaming content. The rumor suggests that this initiative will soon be rolled out and could significantly impact the value of the #GALA token, presenting an unparalleled investment opportunity. However, no official confirmation has been made by the company, so this news should be approached with caution.
#DOT $DOT
MartClues AI Analysis: Channel Down with Potential for Bullish Breakout
Trade Setup:
The price remains in a downtrend, characterized by Lower Highs and Lower Lows. Recently, it broke below the $4.80 support level from early July and reached a new low at $3.60, a key support from November 2023. Currently, the price is trading within a Channel Down pattern, which often leads to a bullish breakout and potential trend reversal. Await a breakout to confirm a shift in trend. Set a price alert to track this potential move.
Pattern: Channel Down Formation
The Channel Down pattern suggests a continued downtrend within two descending trendlines. Traders can look for a potential bullish breakout when the price breaches the upper trendline. A breakout typically leads to significant price movement in the direction of the breakout, providing an opportunity for a trend reversal.
Trend and Momentum:
Short-term Trend: DownMedium-term Trend: Strong DownLong-term Trend: Strong Down
Momentum is currently bullish but showing signs of weakening. The MACD Line remains above the MACD Signal Line, yet the declining MACD Histogram bars indicate that bullish momentum may be fading. The price is within a neutral zone according to RSI-14 levels, not overbought or oversold.
Support and Resistance:
Nearest Support Zone: $3.60Nearest Resistance Zone: $4.80, then $6.00
Take Action:
Monitor the price closely for a breakout from the Channel Down pattern. If the price breaks above the upper trendline of the channel, it could signal a bullish trend reversal. Implement a price alert to catch this move and be prepared for potential trading opportunities based on the breakout confirmation.
#FTM $FTM
MartClues AI Analysis: Bullish Breakout from Falling Wedge
Trade Setup:
Despite the prevailing downtrend, the price recently broke out from a Falling Wedge pattern, signaling a potential temporary bullish trend reversal. The price is now approaching the target level of $0.50, representing a potential +20% gain from current levels. Set a price alert to monitor this key level.
Pattern: Falling Wedge Breakout
The Falling Wedge pattern typically indicates a downtrend that can reverse upon breaking through the upper trendline. As the price nears resistance levels, it may either pause or reverse its recent advance. Resistance levels, often former support areas or previous rejection points, can act as barriers to further upward movement. Once the price breaks above these levels, it may continue to advance to subsequent resistance points.
Trend and Momentum:
Short-term Trend: Up (post-breakout)Medium-term Trend: NeutralLong-term Trend: Strong Down
Momentum remains bullish but is showing signs of inflection. The MACD Line is still above the MACD Signal Line, yet the MACD Histogram bars are declining, suggesting potential weakening of momentum. The price is neither overbought nor oversold based on current RSI levels.
Support and Resistance:
Nearest Support Zone: $0.40, then $0.30Nearest Resistance Zone: $0.62
Take Action:
Monitor the price as it approaches the resistance level of $0.50. If the price breaks above this resistance, it could continue advancing towards the next resistance zone at $0.62. Implement a price alert and manage risk by setting a stop-loss if the price moves against the bullish trend. Confirm the breakout and potential continuation with additional technical indicators or price action signals before making trading decisions.
#APT $APT
MartClues AI Analysis: Bullish Breakout from Channel Down
Trade Setup:
Despite the prevailing downtrend, the price has recently broken above the resistance level of $6.50 from a Channel Down pattern. This breakout indicates a potential temporary bullish trend reversal with an upside target towards $7.75. Set a Stop Loss at $5.60 to manage risk. This setup is riskier due to its counter-trend nature but offers a potential opportunity for a short-term reversal.
Pattern: Channel Down Breakout
The Channel Down pattern generally indicates a downtrend with price movement between descending trendlines. A breakout above the upper trendline can signal a potential reversal or temporary bullish phase. The price can move significantly in the direction of the breakout, providing a trading opportunity if confirmed.
Trend and Momentum:
Short-term Trend: Up (post-breakout)Medium-term Trend: NeutralLong-term Trend: Strong Down
Momentum is currently bullish but showing signs of inflecting. The MACD Line is above the MACD Signal Line, yet the MACD Histogram bars are declining, suggesting that bullish momentum might be weakening. The price is neither overbought nor oversold based on current RSI levels.
Price Target and Risk Management:
Target Resistance Level: $7.75Stop Loss Level: $5.60Support Level: Monitor the breakout level ($6.50) for potential support if the price retraces.
Take Action:
Consider entering a long position given the bullish breakout from the Channel Down pattern, targeting $7.75. Employ rigorous risk management by setting a Stop Loss at $5.60 to protect against possible reversals. Be aware that this trade is counter-trend, making it inherently riskier. Confirm the bullish trend with additional technical indicators or price action before committing.
đ±đ„2 Real World Assets (RWA) Altcoins to Trade in September 2024đ„đ„
Pendle (#PENDLE )
Ranked as the 110th most valuable project in the crypto market, Pendle enables trading and tokenization of future yields. This makes it one of the top RWA altcoins to watch out for in September.
In addition, $PENDLE is currently undergoing daily token unlocks. While the amounts are relatively small, these unlocks can still impact the tokenâs price. However, once this period stabilizes, the RWA altcoin could see an upswing.
Over the last seven days, PENDLEâs price has already risen by nearly 20%. According to the daily chart, the token is trading within an ascending channel. Thanks to its yield potential, PENDLE may attract increased interest from market participants.
If buying pressure grows, the token could climb to $3.90 in the short term. On the other hand, if selling pressure rises, PENDLEâs value could dip below $2.
Maker ($MKR )
MKR, the governance token of the MakerDAO project, made headlines in August for positive developments. Two weeks ago, leading crypto asset management firm Grayscale added MKR to its expanding list of investment funds.
During the same period, network activity on the Maker Protocol surged, contributing to a price retest of $2,000. Currently, #MKR trades at $2,115. While it remains significantly below its all-time high, MKR stands out as one of the top RWA altcoins to watch in September.
According to the daily chart, MKR has been trading in a narrow range between $1,868 and $2,201 since August 8. Bears appear to be attempting another push below the $2,000 level, but strong support at $2,024 could help hold the price above that key threshold.
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#altcoins #RWA