Bitcoin dips below $63K đ, shedding 1.4% in 24 hours as profit-taking from a recent rally takes its toll. Major cryptos like ETH, BNB, ADA, and XRP also saw declines, with DOGE leading the fall at 4%. Meanwhile, QCP Capital notes a bullish sentiment in the options market, but don't expect explosive moves just yet!
On a brighter note, SafePal's SFPlus update has driven SFP token prices up by 8%! đ The new staking rewards are enticing long-term holders with exclusive benefits. What do you think about the current market trends? Share your thoughts below! #CryptoNews #Bitcoin #SafePal
**Crypto Market Sees AI and Big Data Tokens Surge**
The market cap for AI and big data cryptocurrencies has skyrocketed by nearly 80% in the past three weeks, signaling renewed investor confidence.
- On Aug. 6, the market hit a yearly low of $18.21 billion, largely due to Bitcoin's slump below $50,000.
- By Aug. 25, the market cap rebounded to over $38 billion, mirroring Bitcoin's recovery.
Top tokens include:
- Near Protocol (NEAR): $5.5 billion
- Internet Computer (ICP): $3.8 billion
- Artificial Superintelligence Alliance (FET): $3.4 billion
- Bittensor (TAO): $2.8 billion
Investor sentiment has shifted from "extreme fear" to "neutral," with the Fear & Greed Index reflecting this change. Strange whale activity was noted, with one whale repurchasing FET tokens at a higher price.
DOGS Token Price Prediction: Will it Reach $0.03 by 2024?
Current Price: $0.00125
Expected Price by 2024: $0.03
Circulating Supply: 516.75B
Total/Maximum Supply: 550B
Market Dominance: 0.0292%
Market Cap: $687M
The launch of DOGS, a new meme coin backed by DWF Labs, has generated significant buzz. With a trading volume of $415 million and a market cap of $645 million within just over an hour, it's clear that this coin is one to watch.
However, given its already high market cap, I believe the potential for a 10x price increase is limited. Here's what I expect:
- Initial price drop due to airdropped token sell-offs
- Price stabilization and eventual rise
- Retail volume impact yet to be seen, with the market currently in "summer mode"
Recommendations:
- Wait for price consolidation and increased retail volume before considering a purchase
- Keep an eye on the gradual release of claim functionality for airdropped tokens, which could stabilize the price
Stay cautious and informed! #mememcoinseason2024 #DOGSONBINANCE #TelegramCEO #Launchpool $DOGS #BNBChainMemecoins #BinanceBlockchainWeek
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Bitcoin's Price: Fact or Fiction?
Will $BTC hit $55k or $70k this week? The truth is, lies and deception are rampant in the crypto space. Don't believe everything you see - not even from me! đ
If you could go back in time, would you invest in bitcoin? As for me, I think we've already reached the top of the bull market in 2024. $60-75k might be the ceiling for now.
But here's the thing: the real bear market hasn't arrived yet. And when it does, the subsequent bull run will be insane! I'm not sure how low bitcoin will drop, but history tends to repeat itself.
Remember, those who got rich in the last bull run won't want to lose their gains. They'll sell, and new investors will be left holding the bag. Always buy during the bear market!
Futures trading can be lucrative, but it's deadly without a solid plan and strategy. Patience is key in both futures and spot trading.
Good luck to all the new players in the crypto space! May your investments be wise and your profits be plentiful.
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #BTCâ #BinanceBlockchainWeek $BTC
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đ Make the Impossible Possible!
The financial world could change dramatically as the U.S. debt clock ticks faster, with over $927 billion in interest alone. This growing economic strain is pushing people to seek alternatives outside traditional financeâenter crypto.đȘđč
Crypto's Role:
- With the U.S. debt skyrocketing, investors are increasingly turning to decentralized finance (DeFi) and assets like Bitcoin, Ethereum, and stablecoins to hedge against economic instability.
- Cryptocurrencies are seen as a safeguard in times of financial uncertainty, offering potential upside as fiat currency weakens.
- The adoption of blockchain and smart contracts might redefine financial systems, offering transparency and efficiency that current systems lack.
đ DYOR before making any financial moves!
Source: "USdebtclock.org"
#cryptocurrency #DEFI #finance #bitcoin #ETH #EconomicShift #MakeTheImpossiblePossible
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WAKE-UP CALL: Cut Your Losses and Face Reality!
As investors and traders, we've all been there - holding onto a failing investment, hoping it will rebound. But it's time to face the truth: stop listening to those who tell you to hold indefinitely!
These voices are often from individuals trying to justify their own losses, bought during hype-driven rallies. The belief that "If I haven't sold, I haven't lost" is a dangerous myth.
Recognize when an investment is failing and move on! The market offers new opportunities daily. Holding onto a sinking asset means missing out on better ones.
Consider this: would you turn down a 30% return on a new property just because your current 10% yield is underperforming?
Acknowledge your mistake, learn from it, and move forward. Don't let stubbornness hold you back from greater gains.
Share your thoughts, like, and comment below! Your support helps me educate others about the crypto market.
Tips are appreciated too! #BNBChainMemecoins #DOGSONBINANCE #PowellAtJacksonHole #LowestCPI2021 #PowellAtJacksonHole
Ray Youssef, CEO of the Bitcoin P2P marketplace NoOnes, claimed that Binance has seized all funds from Palestinian users at the request of the Israel Defense Forces (IDF).
Binance responded, clarifying that only a small number of accounts linked to illegal activities have been restricted, and these users are banned from trading.
The seizures were made under Israelâs Anti-Terrorism Law, citing intelligence that the funds were connected to a declared terrorist organization.
ANOTHER TOKEN LISTED TODAY AND IT DIDN'T PERFORM LIKE THE OTHER NEWLY LISTED TOKENS
If you're looking for an in-depth analysis of #NULS, then, you're in the right place.
Here's why.
We've observed and analyzed the price action of NULS and before it got listed it surged just like all the other newly listed tokens before they got listed. Albeit, the key difference between NULS and the other tokens is the fact that it hasn't sustained enough strength right after it got listed. Thus, taking this fact into account, we've plotted the possible selloff key levels using the Fibonacci tool in order to verify where it would most likely get rejected.
We've also found out this 1 secret about NULS.
Since NULS have surged with more than 100%, we've verified the existence of different supports it has created. These supports have held the price of NULS for too long and the price would possibly steadily increase with the usual markup market structure after the accumulation that happened which caused the surge.
Stay wise, trade cautiously.
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$BTC $NULS $ETHFI
#BinanceSquareCreatorAward
#BecomeCreator
#GAINERSPACK
đ Despite ETH's recent dip against BTC, there's still plenty to be excited about in the DeFi and Web 3 space! đ
1/ ETH has dropped 25% against BTC since 2024 started, hitting a 40-month low. But hey, every rollercoaster has its ups and downs! đą
2/ The ETH/BTC pair is now more closely tied to the U.S. Dollar Index (DXY). As the dollar weakens, traders are favoring BTC. đ
3/ Bitcoin ETFs are booming with $17.86B inflows, while ETH ETFs saw $465M in withdrawals. Ouch! đŹ
4/ Fed's dovish stance might push ETH/BTC lower, but remember, the crypto market loves a good plot twist!
What are your thoughts? Comment below! đŹ
đ **Resistance Dog Token (REDO) Surges Amid Social Media Frenzy!** đ
- **REDO Skyrockets:** Following Telegram founder Pavel Durov's arrest, REDO, a Ton-based asset, soared over 100% in a day!
- **Community Support:** The crypto community rallied, with Ton X and CoinGecko changing their icons to REDOâs logo, symbolizing a stand against censorship.
- **Technical Breakout:** REDO broke out from a bullish symmetrical triangle, reaching $0.9 before a slight pullback.
- **Volatility Ahead:** Overbought signals suggest possible short-term consolidation. Current price: $0.6360, market cap: $65M.
đŹ **What are your thoughts on REDO's future? Comment below!**
$DOGS Token Takes a Major Hit!
The $DOGS token saw a sharp decline, falling 30% to $0.00131 right after its highly anticipated Binance listing on August 26, 2024. This drop came as a surprise to many, especially given the buzz surrounding International Dog Day and the excitement from a successful airdrop. Despite the enthusiasm, the token's price fell significantly, leaving investors questioning what the future holds.
đ Please [CLICK HERE & VOTE](https://www.binance.com/en/square/profile/Crypto_Queen_Pak7?ref=826352268&utm_campaign=app_square_share_link&utm_source=copylink) to share your thoughts on the future of $DOGS!
Interestingly, $DOGs has strong liquidity, with 93.95% of its total supply already circulating. The airdrop attracted millions of participants, highlighting the community's strong interest. In response to some participants unfairly capitalizing on the airdrop, Binance took swift action to freeze the accounts involved, demonstrating its commitment to a fair and transparent process.
What sets $DOGs apart is its unique connection to Telegram, leveraging the appâs vast user base to gain traction. This strategy has led to comparisons with other successful meme tokens like Dogecoin and Shiba Inu. Initially, there were high hopes that the price would climb to $0.002 or beyond. However, the recent downturn has cast doubt on these predictions, and the token's future remains uncertain.
As trading continues, all eyes are on $DOGs to see if it can recover or if the struggles will persist. The coming months could be pivotal for $DOGs holders, with many believing a potential turnaround could lead to significant gains.
COMING MONTHS COULD BE SUPER GREEN FOR $DOGS HOLDERS, IN MY OPINION! đđ»đ„
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #LearnToEarn #Babylon_Mainnet_Launch
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TON developers support this memecoin: Price soars
The memecoin Resistance Dog (REDO), the largest memecoin on the TON blockchain, has surged over 140 percent thanks to developer support.
The largest memecoin on the TON blockchain, the memecoin Resistance Dog (REDO), has increased by over 140 percent with the support of developers.
Things got chaotic with the arrest of Telegram founder and CEO Pavel Durov. Although there were initial sharp declines in memecoins in the TON ecosystem, this situation was reversed with the arrest process. The support of TON developers for the popular memecoin Resistance Dog (REDO) triggered a sharp increase in the parity.
This rise in #REDO in a short time naturally increased the interest in the TON network. Crypto investors have already started to research which memecoin the new REDO will be.
Core developers have indicated that they are embracing Resistance #Dog on platforms like the official Telegram channel and the X account. The move comes after Telegram founder and key figure in the Ton blockchain Pavel Durov was arrested in France over the weekend.
âIn support of DigitalResistance, we are updating Toncoinâs logo and profile pictures on #TON community channels to the Resistance Dog symbol,â the team said in a statement on Monday. Following the announcement, the token surged by more than 140% on Monday, from $0.35 to over $0.85. The tokenâs current market value is $65 million, according to Dexscreener data.
#Durov was taken into police custody in France on Saturday amid a cybercrime investigation into charges of providing services and tools, according to the Tribunal Judiciaire de Paris. There have been previous reports of Telegramâs inadequate cooperation with law enforcement over content moderation issues.
đŽ The dollar is still suffering from Jerome Powell's statements in Jackson Hole, in which he indicated that it is time to cut interest rates.
âą However, he did not specify the timing and quantity, meaning whether to cut 50 points or 25 points.
âą But in general, the dollar still has some decline this week as an early pricing for the interest rate cut.
âą The Japanese yen fell against a basket of global currencies, continuing its losses for the second day in a row against the US dollar.
âą Today, the markets are awaiting the Consumer Confidence Index, and the statement will have an impact on the financial markets.
DOGS Airdrop Disrupts Telegram Wallet Services.
Telegram Wallet recently informed the community about storage overload issues as over 10 million DOGS users engaged in swaps and on-chain activities. DOGS, a mini-game on The Open Network, was inspired by Telegram founder Pavel Durov's mascot, Spotty.
Cryptocurrency exchanges like Bybit reported service disruptions after the project airdropped approximately 440 billion tokens to participants. Binance also encountered challenges during a pre- distribution upgrade a few hours before the distribution. While normal operations quickly resumed on exchanges like Binance and Bybit, Telegram Wallet was still rolling out fixes at the time of reporting.
Meanwhile, MEXC came under scrutiny for listing the token and starting trading ahead of other exchanges. Reports indicate that the exchange began trading DOGS at least an hour before other platforms. This early listing led to price discrepancies and volatility, frustrating users who were still waiting for their airdropped tokens to be exchangeable.
DOGS Surpasses Bitget's $550 Million FDV Prediction.
Bitget anticipated that DOGS would quickly reach a fully diluted valuation (FDV) of $550 million, which reflects the value of a token based on its total supply.
However, data indicates that the FDV for the TON-powered web3 gaming token is actually $707 million. The digital asset is trading at approximately $0.0012, aligning with its pre-market trading price prior to the airdrop.
This token is the latest in a series of mini- applications on Telegram to launch its own token, following in the footsteps of projects like Notcoin (NOT). Users are also eagerly awaiting an airdrop from the viral mini-app Hamster Kombat, though the development team has delayed it multiple times.
Celsius' bankruptcy administrator has distributed over $2.5bn to approximately 251,000 creditors as part of the companyâs bankruptcy proceedings. The distributions, made in liquid cryptocurrency and cash at January 16 prices, cover about two-thirds of eligible creditors by number and 93% by value.
However, 121,000 eligible creditors have yet to claim their distributions, with many owed small amounts, potentially reducing their incentive to act. The bankruptcy process, described as one of the most complex and ambitious ever attempted in a Chapter 11 case, aims to distribute over $3bn to around 375,000 creditors across 165 countries.
URGENT UPDATE REGARDING $DOGS $TON $FET
đ[VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR 5 USD](https://www.binance.com/en/square/profile/maidah_aw) đ
1ïžâŁÂ DOGS:
Current Price: $0.001297224-Hour Change: +137.84%
Analysis: DOGS has seen a massive surge of 137.84%. To sustain this momentum, it needs to break above the $0.0014 level and close above $0.0015. Failure to do so could lead to a correction.
2ïžâŁÂ TON:
Current Price: $5.4924-Hour Change: -2.56%
Analysis: TON is facing a slight decline. To reverse this trend, TON must break above the $5.60 level and close above $5.70. Otherwise, it may face further downside.
3ïžâŁÂ FET:
Current Price: $1.4024-Hour Change: +4.87%
Analysis: FET is experiencing a positive trend with a 4.87% increase. To maintain this momentum, it needs to break above the $1.45 level and close above $1.50. Failure to do so could result in a pullback.
Key Levels to Watch:
DOGS: $0.0012 (support), $0.0014 (resistance)TON: $5.40 (support), $5.60 (resistance)FET: $1.35 (support), $1.45 (resistance)
Support us and cast your vote that will encourage me to create more amazing content for you all đ
#TelegramCEO #Write2Earn! #BinanceTurns7 #MtGoxRepayments #BinanceLaunchpoolDOGS
đ„đ„đ„ Hereâs #Shibalnu Price If Ethereum Surpasses $3T Market Cap
Shiba Inu Could See an 8x Surge if Ethereum Hits a $3 Trillion Market Cap
Shiba Inu, a popular altcoin, stands to gain significantly from bullish trends in the crypto market. Recently, Ethereum saw a resurgence, recapturing the $2,800 price point after a 7% weekend growth, which boosted its market cap to $333.11 billion. During this period, Shiba Inu also surged by approximately 15%, reclaiming the $0.000015 range for the first time in nearly a month, with its market cap rising to $9.2 billion.
Considering Shiba Inu's tendency to mirror Ethereum's upward momentum, thereâs speculation about SHIBâs potential value if Ethereum's market cap reaches $3 trillion.
Shiba Inuâs Potential If Ethereum Reaches $3 Trillion
Currently, Ethereum trades around $2,692, with a market cap of over $334 billion. During its major bull run in November 2021, Ethereum peaked at roughly $4,800, pushing its market cap beyond $500 billion.
With Ethereumâs circulating supply at 120,298,357, a $3 trillion market cap would imply a market price of around $25,000 per $ETH , requiring an 800% increase.
If Ethereum achieves this milestone, Shiba Inu, currently priced at $0.00001477, could potentially see a similar 800% increase, bringing its value to $0.00013743. This would be a historic high for SHIB, surpassing its 2021 peak of $0.00008845 & driving its market cap to approximately $80.98 billion.
Could SHIB Surge Beyond 8x?
However, Shiba Inu could potentially exceed an 8x surge in a thriving market where Ethereum reaches a $3 trillion market cap. Historically, Bitcoin, the largest cryptocurrency by market cap, often commands more than three times the market cap of Ethereum. If Ethereum hits $3 trillion, Bitcoin could potentially reach a $10 trillion valuation, with its price nearing $500,000.
In a bullish market, Shiba Inu could see gains surpassing 800%, with potential for even higher growth based on its previous 884,400% increase.
Source - thecryptobasic.com
#CryptoMarketTrend #BinanceSquareTrends
đ PEPE Price Pulls Back To Key Hurdle: Breakout Looming?
PEPE, a popular meme cryptocurrency, saw a notable rise from the channelâs lowest trajectory. Last week, PEPE price made a double bottom formation and recovered from the support around $0.00000700.
With a notable follow-on buying activity of over 30% last week, the PEPE price revisited the key hurdle and cluster of $0.00001000. It looked to surpass it. Since Fed Chair Jerome Powellâs statement, memecoins, including PEPE, began the rise.
Leading the memecoin rally, the PEPE price reached the edge of a breakout zone. It is anticipated to surpass the declining trendline to flip the trend. Notably, the memecoin displayed a significant retracement and has set to breach the 100-day EMA mark.
A daily close above $0.00001000 would trigger a short covering move. Also, a much-awaited breakout rally can be seen in the short term. If the memecoin succeeds in going through the zone, the bear cartel might get trapped.
đž Where Can a Falling Channel Take #PEPE Price Ahead?
Amid the latest market recovery, meme coins are popping out again, with PEPE rising over 30% this week. Breaking out of the weekly consolidation zone, PEPE anticipated a rise and tried to breach the key hurdle of $0.00001000.
The bulls reappeared and showed strength again, looking to surpass the 100-day EMA cluster to exhibit a next bullish leg up.
However, confirmation was still due; during the intraday session, indecisiveness was observed. Buyers are looking in a dilemma and trying to make the reversal valid.
PEPE traded at $0.000009054 at press time with an intraday drop of over 0.98%. It reflected a minor decline in the chart.
The Chaikin Money Flow (CMF) declined over the last few days, standing at the midline of 0.01. This indicated that the money flowing into PEPE may rise ahead.
However, the RSI was at 53, implying that the bullish momentum around PEPE was slightly high. Also, it hadnât reached the overbought territory yet.
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RFK Jr. Exits Race, Trump Leads Betting Odds
Robert F. Kennedy Jr. has officially withdrawn from the 2024 presidential race, stepping out just before a major speech in Arizona. Speculation is rife that he might be aligning himself with Donald Trump, who recently hinted at offering RFK Jr. a role in his administration. This unexpected potential partnership could have significant implications for both politics and the crypto world.
On Polymarket, a popular betting platform, Trump has now overtaken Kamala Harris, with 51% of users betting on his victory, while Harrisâs odds have dipped to 47%. The crypto community is closely watching these developments, especially given RFK Jr.âs previous stance on backing the U.S. dollar with Bitcoin. With Trump potentially embracing RFK Jr. and his ideas, the future of global crypto regulations could see a major shakeup.
"Update on My Positions Following Pavel Durov's Arrest
In light of Pavel Durov's recent arrest, I have closed my positions on TON and NOT to mitigate potential risks.
TON: I exited at around $6, incurring a significant loss. However, I deemed it too risky to hold onto the position given the circumstances.
NOT: I closed my position at $0.1126, with a minimal loss. Unfortunately, I had tripled my NOT holdings just hours before the arrest, which would have otherwise resulted in a profit.
I wish Pavel Durov a swift release and hope for the best. Nevertheless, I believe this event will significantly set back the project's development, potentially by several years. The arrest will likely erode confidence in the project, and I see no clear solution except for Pavel's departure, which seems unlikely given his integral role in Telegram's vision and product direction.
#FREEDUROV"
TON Coin Mid Term LONG Idea
$TON coin is currently experiencing panic selling due to the founderâs arrest. However, we believe in the strength and potential of the TON ecosystem.
Technically, itâs at levels that are suitable for buying, and long-term investors may consider adding it to their SPOT wallets using the DCA strategy.
For those who prefer to avoid risk, they can wait to enter the trade after a deviation outside the range.
Take your risk, make some profit !
#BNBChainMemecoins #PowellAtJacksonHole #TelegramCEO #CryptoMarketMoves #BinanceBlockchainWeek
đ Exciting news in the blockchain world! Centrifuge has launched a groundbreaking lending market on Base, Coinbase's Ethereum layer-2 network. This market allows institutions to collateralize and borrow against tokenized U.S. Treasury-backed assets like Anemoy Liquid Treasury Fund, Midas Short Term U.S. Treasuries, and Hashnoteâs U.S. Yield Coin. đŒ
For the first time, a permissioned lending market will use Ethereum-powered Coinbase Verifications, offering instant liquidity without redeeming the underlying T-bill. What are your thoughts on this innovative use of RWAs in DeFi? Drop your comments below! #Crypto #DeFi #Blockchain