đ Crypto Comeback! đ
Bitcoin (BTC) surged to $64,000 and Ethereum (ETH) hit $2,765 on Aug. 24 after Fed Chair Jerome Powell hinted at potential rate cuts in September. The total market cap of all coins rose by nearly 5% to over $2.26 trillion!
đ Risk of Short-Lived Gains?
- "Buy the rumor, sell the news" could apply here. Rate cuts are already priced in, so stocks and crypto might retreat post-announcement.
- Historical trends show markets often dip after the Fed starts cutting rates.
đ Market Trends
- Bitcoin has been forming lower highs since March. A bullish breakout needs BTC to clear $73,800.
- Money market funds are still seeing inflows, holding over $6.2 trillion.
What are your thoughts on this trend? Share in the comments! đŹ
The double top pattern is a technical analysis chart pattern used in trading to signal a potential reversal in a security's price trend. It is characterized by:
Two Peaks: The pattern consists of two prominent peaks at approximately the same price level, separated by a trough or dip.
Support Level: A support level is formed at the lowest point between the two peaks, known as the "neckline."
Bearish Reversal Signal: After the formation of the second peak, if the price breaks below the support level (neckline), it often signals a bearish reversal and a potential downtrend.
Traders use this pattern to predict that an uptrend may be ending, and the price might start to decline.
Kamala Harris is considering appointing Gary Gensler, the current SEC Chairman known for his stringent stance on crypto regulations, as the next Treasury Secretary if she wins the 2024 election. This move could spark significant backlash, particularly from Republicans.
Representative Tom Emmer from Minnesota, who has been critical of Gensler, has stated that Gensler should "move on" and that his government career should end. Emmer criticized Gensler for being overly litigious without achieving substantial victories.
Republican Senate staffers are prepared to oppose Genslerâs nomination, fearing that his appointment could negatively impact the economy, especially if he brings his regulatory approach from the SEC to the Treasury.
On the Democratic side, there might be some support for Gensler from figures like Elissa Slotkin of Michigan and Ruben Gallego of Arizona. However, their stance on crypto has been generally critical, leaving their support uncertain.
Thereâs also speculation that Gensler might resign from the SEC before the election, allowing Joe Biden to appoint a new chairperson. If Gensler does become Treasury Secretary, it could lead to increased scrutiny and tougher regulations for crypto firms and financial institutions, potentially driving crypto innovation out of the U.S.
#SEC #Elections2024 #trump #KamalaHarris2024 #Biden
Cryptocurrency Exchange Sued by the SEC Makes a Statement: âA Victory for Usâ â Explained Why
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Krakenâs Chief Legal Officer Marco Santori announced that the cryptocurrency exchange has won a significant victory against the U.S. Securities and Exchange Commission (SEC).
According to their statement, a federal court has ruled that tokens traded on Kraken are not securities, dealing a blow to the SECâs ongoing regulatory approach to the crypto industry.
Santori noted that, as in the Ripple case, the court distinguished between the status of tokens themselves and the agreements surrounding their sale. âA token is not a security, but agreements around a token can be,â Santori explained.
Santori noted that the SEC has âdefinitively lostâ its core argument that all tokens are inherently securities and that theory can no longer be relied upon.
This decision follows an earlier decision by Judge William H. Orrick, who denied Krakenâs request to dismiss the SECâs lawsuit.
Judge Orrick noted that the SEC had reasonably argued that some crypto transactions at Kraken could be considered investment contracts and therefore subject to securities laws.
Despite this, the latest ruling clarified that Krakenâs token listings themselves do not qualify as securities under current law.
According to Santori, the court criticized the SECâs approach, calling the concept of âcrypto asset securityâ âvague at best and confusing at worst.â The court also questioned the SECâs tactics, noting that Kraken has consistently mischaracterized its legal stance, which the court found misleading.
#SEC #Kraken #Bitcoin #CryptoNews #MtGoxRepayments $BTC $ETH $SOL
$DOGE $SHIB $PEPE
Former Goldman Sachs analyst Murad Mahmudov has suggested that Dogecoin (DOGE), the leading meme cryptocurrency, might be surpassed by another meme coin in 2024. He noted on social media, "the biggest trick they played on you is to convince you that DOGE cannot be flipped."
This prediction has fueled speculation about which meme coins could potentially dethrone Dogecoin. Currently, Dogecoin is the only meme cryptocurrency in the top 10 rankings.
In October 2021, Shiba Inu (SHIB) briefly overtook Dogecoin on CoinGecko's rankings. However, this surge was short-lived, and Dogecoin continues to lead significantly with a market cap of $15.3 billion, compared to SHIB's $8.3 billion.
Other contenders like Pepe (PEPE) and Dogwifhat (WIF) are mentioned as potential rivals but are still far behind Dogecoin. Some argue that surpassing Dogecoin is unrealistic due to the large market cap gap. Additionally, Dogecoin's inflationary model, with its supply growing about 3.5% annually, supports its role as a currency and provides it with an edge over non-inflationary meme coins. Even with a decreasing inflation rate over time, Dogecoin maintains a substantial advantage over its competitors.
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PayPal and Anchorage Digital have launched a rewards program for holders of PayPal's USD stablecoin (PYUSD). Introduced in 2023, PYUSD is an ERC-20 token on the Ethereum blockchain, fully backed 1:1 by US dollars and issued by Paxos Trust Company.
The new rewards program is available to clients using Anchorageâs services or the Porto institutional self-custody wallet to store their PYUSD holdings. According to Anchorage Digital, the stablecoin remains fully accessible and segregated on-chain for easy use.
This initiative offers a way to earn rewards without involving rehypothecation, staking, or lending. PYUSD aims to compete with other major dollar-backed stablecoins, such as USD Coin from Circle Internet Financial.
Will XRP Price Skyrocket Above $5 Soon?
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XRP price is bullish along with other cryptocurrency majors like Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).Â
As expected, Fed Chair Jerome Powellâs speech at the Jackson Hole Symposium in Wyoming bolstered key global markets, including crypto and stocks. Ripple price surged 2% in the last 24 hours, bringing the total seven-day increase to nearly 9%.
XRP Price To Skyrocket Above $5: Shrinking Supply on Exchanges, Bullish MVRV Ratio and Futures Market
XRP price outlook has, within 24 hours, transitioned from struggling to becoming highly bullish. Its fundamentals, starting with the balance on exchanges, are positive per Santiment data.
From the chart below, only 2.65 million XRP tokens are currently held by exchange wallets, suggesting a decline in potential selling pressure.
On-chain data based on the market value realized value (MVRV) metrics paints a more bullish picture for Ripple price. Note that an MVRV 30-day ratio increase from -2.87% to +5.33% for XRP suggests the average holder is realizing a profit spike. It means bullish sentiment and potential upward price movement.
The cross-border money remittance token is also experiencing significant spikes in futures market metrics, implying growing interest and rising price volatility.
Based on Coinglass data, the increase in volume to $1.32 billion and open interest to $722k indicates that more traders are actively participating in the market and contributing to the rising buying pressure.
Moreover, a noticeable rise in options volume to $2.04k and options open interest to $247k suggests that traders speculate on future price movements.
#XRP #Ripple #SEC #Altcoins #CryptoNews $USDC $XRP $BTC
The Biggest Mistake with Memecoins: Focusing on the Past Instead of the Future! đ«đ
Take $WIF as an example: it soared to over 1000x gains, reaching a $40M market cap. Many thought the chance had passed, but $WIF surprised everyone with another 100x increase! đ€Ż
If you think it's too late to invest, consider these points:
1. **Who's Still Holding? đ€**
- Most early investors have already cashed out at 2x-5x gains. This means there's still significant growth potential! đ
2. **Check the Liquidity! đ§**
- Assess whether big players are already in or if they could enter now. Memecoins often have low liquidity, so if you're planning a substantial investment, you may need to wait until the market cap grows to avoid causing a rapid price increase. đŠ
3. **Whatâs the Future Potential? đ**
- If the target market cap is around $300M, does it matter if you buy at $40M or $100M? A rise to $100M might just validate your belief rather than signal the end of potential gains. đŻ
Focus on the broader picture and the future potential. đ Donât get stuck on past gains; you might miss out on the next big opportunity for a 100x return! đ
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đ„Chaos erupted on Polymarket after Robert F. Kennedy Jr. announced he was suspending his presidential campaign, throwing traders into a tailspin. Many had placed nearly certain betsâ90% odds, in factâthat Kennedy would exit the race by Friday.
As an independent candidate, Kennedy's sudden announcement led to a frenzy among bettors who had wagered over $300,000 on the outcome. The wager stipulated that the market would resolve affirmatively if he "officially announces his withdrawal" from the November election.
The confusion deepened as Kennedy spoke in Arizona. Initially, the odds of his withdrawal plummeted from 90% to just 6% after he clarified he wasn't entirely dropping out. Instead, he stated he was merely suspending his campaign in key battleground states like Arizona.
"I'm not ending my campaign; I'm just suspending it," Kennedy explained, leaving Polymarket bettors scrambling to determine the true outcome of their wagers.#RCT_TRADERS #VOTEme #SupportNeeded #BlackRockETHOptions
đ Please Vote for BitcoinWorld to Become the Winner of the Binance Square Creator Awards 2024! đ
The Binance Square Creator Awards 2024 is here, and We need your support! đ
As a verified Binance user, you can help us to become the Square Creator of the Year! đ Itâs super simple:
Head over to my profile: @Bitcoinworld Click the [Vote] button to cast your vote
By voting, you not only support me but also unlock a share of $10,000 in Trading Fee Rebate Vouchers! Remember, you get one free vote every day, and rewards are capped at $5 per participant, so don't miss out!
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Breakout Alert! XRP Set to Skyrocket, Eyes $0.75 Level
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Rippleâs native token XRP has formed a bullish inverted head-and-should price action pattern. This bullish outlook for XRP is gaining significant attention from the crypto community.
However, this perspective emerged after a month of continuous struggles and the recent victory against the United States Security and Exchange Commission (SEC).Â
XRP Price PredictionÂ
According to expert technical analysis, XRP looks bullish as it is trading above the 200 Exponential Moving Average (EMA) on a daily time frame. The assetâs price above the 200 EMA hints that it is in an uptrend.Â
In addition to XRPâs uptrend, it has also formed an inverted head-and-shoulder price action pattern. Based on historical price momentum, if XRP gives a breakout of this price action pattern and closes a daily candle above the $0.65 level, there is a high possibility it could surge by 15% to reach the strong resistance level of $0.75.
The $0.75 level will act as a strong resistance level, as XRP has reached this level three times since 2023, each time facing significant selling pressure. However, a significant rally could follow if XRP manages to break through this level.Â
XRPâs Rising Open Interest
Following this bullish price action pattern, XRPâs open interest has skyrocketed by 12%, and it has been gradually increasing, according to the on-chain analytic firm CoinGlass. This indicates a growing interest from investors and traders as XRP approaches the breakout level.
At press time, it is trading near $0.63 and has experienced a price surge of over 5% in the last 24 hours. Meanwhile, its trading volume increased by 30% during the same period, indicating higher participation from traders.
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $SOL
As Bitcoin approaches $65,000, meme coins are gaining traction once again. The meme coin market cap, currently at $42.38 billion, could potentially reach $50 billion next week due to increased trading volume and market excitement. Here are the top meme coins to consider buying next week:
1. **BRETT (BRETT)**: Despite a recent decline of 57% from $0.18 to $0.07721, BRETT has shown a reversal with five consecutive bullish candles. The coin has surged 30% in five days, testing the 50-day EMA and reclaiming the $0.10 level. With a bullish MACD crossover and Fibonacci levels suggesting a potential rise to $0.19156, and possibly $0.4752, BRETT looks promising.
2. **Dogwifhat (WIF)**: WIF has rebounded with a double-bottom reversal pattern, and its recent six-day bullish streak is gaining momentum. Despite a potential death cross with the 50-day and 200-day EMA, the uptrend challenges the merged EMAs and might break out to test the overhead trendline near $2, according to the 23.60% Fibonacci level.
3. **POPCAT (POPCAT)**: POPCAT has experienced a 90% increase over the past week, driven by strong bullish momentum. The coin has formed a double bottom reversal pattern from the 200-day EMA, with a bullish MACD crossover. If the trend continues, POPCAT might reach the $1 mark, surpassing the 61.80% Fibonacci level and the $0.75 threshold.
HOW I MADE 12000$ USING 250$ ONLY!!!đ„
I started my cryptocurrency journey with just $250, a modest sum that marked the beginning of an exhilarating adventure. It was early 2021 when I decided to dive into the world of crypto, armed with a keen interest in market trends and a determination to succeed.
My initial steps were cautious. I spent countless hours studying price charts, learning about different cryptocurrencies, and understanding the basics of trading. I focused on honing my skills in technical analysis and future trading strategies. By analyzing patterns, trends, and market sentiment, I developed a solid foundation that would prove invaluable.
As I became more comfortable, I started making small, calculated trades. I leveraged my knowledge to spot potential opportunities and minimize risks. Each successful trade built my confidence and expanded my understanding of the market.
Months passed, and my $250 investment began to grow. I reinvested my gains and refined my strategies, always staying ahead of market trends and news. My approach was methodical, relying on a mix of technical analysis, market research, and disciplined risk management.
To my astonishment, what started as a modest investment soon grew exponentially. By mid-2024, my portfolio had surpassed $12000. The thrill of watching my initial investment multiply was incredibly rewarding. It wasnât just about the financial gain; it was the satisfaction of seeing my hard work and analysis pay off.
Reflecting on this journey, I realize that my success came from a combination of skill, patience, and a willingness to learn. The crypto market is unpredictable, but with the right approach, it's possible to turn a small investment into significant returns. My story is a testament to the power of dedication and the exciting opportunities within the world of cryptocurrency trading.
Cardano Community Excited Amid Algorand Partnership Speculation
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Cardano founder Charles Hoskinson recently sparked speculation and excitement in the ADA community when he teased the idea of an Algorand partner chain.
In a tweet, Hoskinson praised Algorandâs technology, saying this when combined with a useful proof of work tuned to AI inference might make it the greatest decentralized AI powerhouse the crypto industry has seen.
âUnder the hood, Algorandâs tech combined with a useful proof of work tuned to AI inference would make it the greatest decentralized AI powerhouse our industry has seen. It would be cool to see it become a partner chain and push Minotaur to its limits,â Hoskinson wrote.
Hoskinsonâs insight drew attention and comments from the Cardano and Algorand communities. Gary Malouf, CTO of Algorand Technologies, replied to the Cardano founder, saying, âWeâd love to hear more about what you are thinking. Definitely not the first time weâve discussed an overlap with AI capabilities.â
While no official announcements have been made, the discussion on X among the two communities has triggered speculation and excitement, leaving the community eager for more information.
Partner chains introduced by Cardano founder Charles Hoskinson at the Cardano Summit 2023 represent a new approach to interoperability and blockchain networks, powered by Cardano.
Cardano is designed with a separation of the Cardano settlement layer (CSL) from the Cardano computation layer (CCL). Midnight, IOGâs data protection-focused blockchain, is among the first partner chains to implement this framework.
#Cardano #ada #Algorand #Altcoins #CryptoNews $ALGO $ADA $BTC
FLOKI SHOW MORE SIGNS FOR SIGNIFICANT INCREASE..
Floki Inu (FLOKI) price today accompanied Bitcoin in recovery and performed better than BTC. FLOKI experienced a nearly 52% increase compared to Bitcoinâs (BTC) 31% rise after the incredible drop on August 5. Additionally, the 1-day charts for FLOKI also indicated an upward trend. This upward trend could pave the way for the meme coin to return to price levels before the price drops started at the end of July. As of the time of writing, there was a potential 20% increase for FLOKI.
FLOKI Rise?
Looking at the price movement on the daily chart, it was seen that FLOKI started an upward movement with the break of $0.00014. During this process, it can also be seen that FLOKI tested the $0.000138 region, which could trigger a movement to the next target resistance region of $0.000176.
Despite the MACD indicator remaining below zero, FLOKIâs upward trend was reflected in the charts, and the downward momentum quickly disappeared. At the same time, the OBV, an important indicator, continued to rise throughout the past week but still did not approach the peak performance seen in July.
The current situation reflects that FLOKI may have broken the downtrend in the daily timeframe but ultimately shows that it was forced to fall. The latest example of this situation dates back to July 21, when a local resistance region was breached but the bulls could not defend this region.
FLOKI Comments
The cumulative liquidity levels delta reflected a significant difference between the liquidation levels of long and short positions in recent days, indicating a heavily positive outlook. The existing upward expectation in FLOKI could trigger a long squeeze, which could have a downward effect on the market, but this is not certain.
Despite this, the liquidation heat map for FLOKI also provided other views indicating downward expectations. The liquidation level at $0.00015 indicated a key liquidity region in the upper area, and this region was seen to have disappeared in the last 24 hours.
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A whopping $420 billion in special sovereign bonds could be dropped by China to stimulate its economy, which may lead to a significant impact on the crypto world Âč. This move could potentially lead to a crypto surge, especially with the Fed's dovish tone and potential rate cuts Âč. Here are some key points to consider:
- *China's economy*: China's economy is slowing down, and the government is looking for ways to stimulate it. The $420 billion in special sovereign bonds could be a game-changer for the global economy and crypto markets.
- *Crypto impact*: The anticipated stimulus and dovish Fed could create a perfect storm for a crypto surge. This could lead to increased interest in Bitcoin and other cryptocurrencies.
- *Global focus*: All eyes are on Jackson Hole, Wyoming, where the Fed's Jerome Powell is set to speak. Traders are bracing for dovish tones and potential rate cuts, which could impact the crypto market.
- *Analyst predictions*: Arthur Hayes of BitMex predicts that China's upcoming fiscal stimulus could spark a spectacular crypto bull run next year. Other analysts also expect increased government spending, with a focus on aiding low-income groups.
Overall, China's potential move could have a significant impact on the crypto world, and it's essential to stay updated on the latest developments Âč.
#ChinaEconomy #BinanceLaunchpoolDOGS #MtGoxRepayments #BinanceBlockchainWeek #LowestCPI2021
POPCAT Price Surges 80% Post Binance Futures Announcement
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POPCAT surged after Binance Futures revealed its new USD-Margined perpetual contract.
Binance Futures will launch POPCAT and SUN perpetual contracts with 75x leverage.
Increased buying pressure followed Binanceâs announcement of a new perpetual contract for POPCAT.
The price of POPCAT has experienced a significant surge following Binance Futuresâ announcement to launch a new USD-Margined perpetual contract for the token.
On August 22, 2024, the POPCAT USDT perpetual contract went live, allowing traders to leverage their positions by up to 75 times. This move has already stirred notable market activity, with POPCATâs price soaring over 22% in the past 24 hours.
POPCATâs Impressive Market Performance
In the wake of the announcement, POPCAT saw its price reach $0.7434, accompanied by a substantial 24-hour trading volume of $156,591,547.
The token has posted a 23.50% price increase in the past day, reflecting strong buying pressure across exchanges.
Over the past seven days, POPCATâs price has surged by 80%,
demonstrating its outperformance compared to the broader cryptocurrency market, which is up by 8.60%. Furthermore, POPCAT is outperforming meme-based cryptocurrencies, which have seen a collective 20.00% rise.
This surge underscores the growing interest in the token, with traders increasingly capitalizing on the new trading opportunities presented by the upcoming perpetual contract.
Binance Futuresâ introduction of this product has contributed to this momentum, with market participants reacting positively to the increased flexibility and trading options.
#PopCat #Memecoins #Altcoins #Bitcoin #MtGoxRepayments $PEPE $DOGE $BTC
Massive Solana (SOL) Withdrawal from Binance Sparks Market Speculation
A whopping 56,000 SOL (worth millions) has been withdrawn from Binance, leaving the crypto community wondering about the intentions behind this move. Here's what you need to know:
- Supply and Demand Dynamics: Reduced supply on exchanges can lead to upward price pressure if demand remains strong.
- Investor Sentiment: Large withdrawals by whales can boost confidence in Solana, potentially leading to increased buying activity.
- Market Volatility: Such transactions can lead to short-term price swings as traders react to the news.
Possible reasons behind the move include:
- Long-Term Holding Strategy
- Staking Opportunities
- Security Concerns
The Solana network has been gaining attention for its high transaction speeds, low costs, and robust ecosystem. This whale shift could signal strong confidence in Solana's future, potentially leading to further interest and investment. However, market reaction will be crucial to watch in the coming days.
Is this a bullish signal or a precautionary move? The crypto community is eagerly waiting to find out.
#BinanceLaunchpoolDOGS #MtGoxRepayments #BinanceBlockchainWeek #BinanceHODLerBANANA #solonapumping $SOL
{spot}(SOLUSDT)
đđ Bitcoinâs Bull Run Has Begun! đđ
Hey Crypto Enthusiasts! đ Itâs official: Bitcoin is back in bull mode, and the markets are buzzing with excitement! đ„ After a period of consolidation, BTC is breaking free and making waves. đđ°
Weâve seen Bitcoin climb steadily, with positive momentum driving prices higher. đđ The recent surge is fueled by increased institutional interest, stronger market fundamentals, and a renewed sense of optimism. đđč
Experts are pointing to several key factors behind this bullish trend: heightened adoption rates, favorable regulatory news, and the ongoing scarcity of new coins due to the halving events. đđ Itâs a perfect storm for a potential rally, and the charts are looking promising! đđź
As Bitcoin continues to gain traction, many are wondering how high this bull run will take us. đđ Will we see new all-time highs? Only time will tell, but the current momentum suggests that exciting times lie ahead. đđ
Whether youâre a seasoned trader or new to the crypto space, now is the moment to stay informed and engaged. đđ Keep an eye on the trends, and remember: in the world of crypto, staying ahead of the curve can make all the difference. đĄđ
Letâs ride this wave together! đđȘ Share your thoughts and predictions below. What do you think will be the next big milestone for Bitcoin? đ€đŹ
#CryptoMarketMoves #MtGoxRepayments #bitcoinâïž
Floki Inu Sees Significant Price Surge
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Floki Inu (FLOKI) has demonstrated a remarkable price increase, outperforming Bitcoin (BTC) in recent market movements. FLOKIâs price surged by nearly 52%, compared to Bitcoinâs 31% rise following a significant drop on August 5.
The meme coinâs one-day charts indicate a continued upward trend, potentially restoring its value to levels observed before the late-July decline. At the time of writing, FLOKI showed promise with a possible 20% gain.
Can FLOKI Maintain Its Upward Trajectory?
Analyzing the daily chart, FLOKI initiated its rise after breaching the $0.00014 mark.
It tested the $0.000138 region, suggesting a potential move toward the next resistance target at $0.000176. Despite the MACD indicator staying below zero, FLOKIâs upward momentum was visible, as the downward pressure diminished.
The OBV indicator also showed growth over the week, though it remained below its July peak.Â
What Are Analysts Saying About FLOKI?
The current price action suggests that FLOKI might have reversed its downtrend on the daily timeframe but faced resistance around key levels.
Historical patterns, like the situation on July 21, indicate challenges in maintaining gains above local resistance regions. Analysts are closely watching these trends to gauge future price movements.
Investor Takeaways
â The delta between long and short position liquidations indicates a positive market sentiment.
â A long squeeze could potentially lead to a market downturn.
â The $0.00015 liquidation level is a critical liquidity region that has recently vanished.
â Investors should be cautious of a potential short-term decline below $0.000128, possibly leading to $0.0001.
#Floki #FlokiInu #Memecoins #Altcoins #Bitcoin $FLOKI $BTC $SOL
[VOTE AND EARN 5 DOLLARS](https://app.binance.com/uni-qr/cpro/CryptoPrincess?l=en&r=359246578&uc=app_square_share_link&us=more) đđ„”
Chaos on Polymarket as RFK Jr. Suspends Presidential Campaign
Polymarket traders had penciled in a 90% chance that Kennedy would drop out Friday.
Independent presidential candidate Robert F. Kennedy Jr. has announced the suspension of his campaign, sparking a frenzy among Polymarket bettors.
A Polymarket wager on whether Kennedy would cease his presidential campaign by Friday has caused controversy as bettors are not sure whether it is resolved or not.
The specific wager, which has attracted over $300,000, stated that the market would resolve in the affirmative if he âofficially announces his withdrawalâ from the nail-biter November election.
Kennedy Confuses Polymarket Bettors
Polymarket traders had penciled in a 90% chance that Kennedy would drop out Friday shortly before he spoke in Arizona.
However, as he addressed his supporters, the odds took a nosedive to a mere 6% after his declaration that he would not completely abandon his presidential bid but would withdraw his candidacy from critical battleground states like Arizona.
âIâm not terminating my campaign, Iâm simply suspending it,â he said.
#Laraxenteam #laraxen #LaraxenFamily
Market Manipulation: A Cautionary Tale
In the past 48 hours, the market experienced a textbook case of panic selling, fueled by fear-mongering headlines and social media rumors. Retail investors, driven by fear, sold off assets hastily, only to be taken advantage of by institutional investors and market whales.
These savvy players orchestrated the downturn, creating an environment of fear and uncertainty. As prices dropped, they bought up assets at a discount, capitalizing on the situation.
The market quickly rebounded, leaving retail investors regretful of their impulsive decisions. This event highlights the importance of:
- Staying calm and patient
- Not letting emotions dictate trading decisions
- Having a clear strategy
In the world of investing, a cool head and patience can make all the difference. Don't let fear and uncertainty control your decisions. Stay informed, stay calm, and stay ahead. #BinanceSquareCreatorAward #BinanceLaunchpoolDOGS #MtGoxRepayments #BinanceBlockchainWeek #BlackRockETHOptions
Can Bulls Take Shiba Inu To $0.00002045?
Shiba Inu (SHIB) broke a major bullish trendline, boosting traders and investors' excitement. This momentum change might lead to a rally toward $0.00002045. The market is watching to see whether SHIB can extend its climb and attain this lofty objective, or will the bears stop it.
An in-depth technical analysis of Shiba Inu's breakthrough above the trendline examines if it may start a rally above $0.00002045. Additionally, it will examine price responses when SHIB approaches this key threshold.
almost the last 24 hours, Shiba Inu has gained almost 6% to $0.00001519. Crypto asset market capitalization exceeds $8.9 billion, with trading volume above $311 million. Over this time, market value rose 6.59% and trading volume rose 85.23%.
Trendline Breakout: Shiba Inu Bullish?
Since breaking above the trendline, SHIB has traded above the 4-hour chart's 100-day Simple Moving Average (SMA). Positive mood indicates strong upward momentum, indicating bulls are in charge and might take the price above $0.00002045, the next key resistance mark.
Shiba Inu's RSI is 73%, indicating overbought. Overbought conditions indicate substantial purchasing pressure, indicating market bullish momentum.
After breaking above the bearish trendline, SHIB is trying to reach the 100-day SMA on the daily chart despite a short-term retracement. A positive momentum candlestick from the previous day suggests strong bullish enthusiasm, which might boost the cryptocurrency.
Market Reactions: What If SHIB Hits $0.00002045?
Shiba Inu may breakthrough above $0.00002045 or rebound.
If Shiba Inu breaks over $0.00002045, a protracted bullish movement toward $0.00002631 may commence. A break over this level might push the stock toward the next barrier at $0.00002960, offering even greater profits.
However, a recovery around $0.00002045 resistance may bring the cryptocurrency back to $0.00001272. Breaking below this support might imply further downward momentum, pushing SHIB into $0.00000847 and probably lower levels.
#SHIB $SHIB
{spot}(SHIBUSDT)
Solana Ecosystem Tokens Experience Significant Gains
AI Summary
According to BlockBeats, on August 25, market data revealed a widespread increase in the value of Solana ecosystem tokens.
Among the notable performers, SOL saw a 24-hour increase of 12.2%, reaching a price of $161.8. ZEUS experienced a significant surge of 30.2%, now priced at $0.252.
RENDER rose by 16.1%, with a current price of $6.25. RAY increased by 13.1%, now valued at $1.94. JUP saw a 12.1% rise, reaching $0.943. FWOG had an impressive gain of 52.7%, now priced at $0.035. MANEKI increased by 23.5%, with a current price of $0.00526. WIF saw a 21.8% rise, reaching $2.
WEN experienced a 20.7% increase, now valued at $0.000099. BONK rose by 17.5%, with a current price of $0.000023. MEW saw a 15.6% increase, reaching $0.00598. Lastly, BOME experienced a 14.2% rise, now priced at $0.0084.
$WIF đŽ Trade Urgent Update:
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BUY Signal
Coin: WIF
Entry Zone: 1.60 - 1.70
The price is currently in a strong demand zone, indicating a potential reversal or bullish momentum.
đŽ Stop-Loss 1.86 (10% above entry zone)
Set your stop-loss above the demand zone to limit potential losses.
Immediate Profit Target
Target 1: 1.85
This is the next resistance level where you might consider taking some profit. A breakout above this level could signal a stronger upward trend.
Additional Profit Targets
Target 2: 1.99
For long-term holders, this is an additional profit zone based on wave structure predictions. Patience is key.
Chart Insights
This chart follows an Elliot Wave structure, signaling a potential bullish continuation.
The price has tapped into a Fair Value Gap (FVG), offering a strong entry point.
â ïž Risk Management
Always use proper risk management, setting stop-losses according to your risk tolerance.
Potential pullbacks may occur, especially at major support zones.
Time Frame: 1 Hour
â ïž Not Financial Advice
This trade signal is for informational purposes only and should not be considered as investment advice. Always do your own research (DYOR) and consult with a financial advisor before making investment decisions.
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