đš $ETH /USDT Market Watch! Ethereum is currently trading at $2,583.49, seeing a slight decline of 2.10% today. With market movements showing a bearish trend recently, Ethereum touched a low of $2,564.77 earlier. Investors and traders should watch this support level closely as it may signal potential buy zones if the price stabilizes or rebounds.
{spot}(ETHUSDT)
On the flip side, resistance stands firm at $2,673.50. A break above this level could signal bullish momentum, potentially leading to more upward movement. Keep your trading strategies ready and monitor these crucial price thresholds to make informed decisions!
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #FOMC
**Curve Finance Considers Dropping TrueUSD Amid Regulatory Concerns**
Curve Finance, a decentralized exchange (DEX), is mulling over the removal of TrueUSD (TUSD) as collateral for its stablecoin, crvUSD. This comes after U.S. regulators charged TrueCoin, TUSDâs issuer, with securities law violations.
- **Proposal Details**: On Sept. 25, Wormhole, a cross-chain messaging protocol, suggested reducing crvUSDâs TUSD backing to zero due to regulatory risks and solvency concerns.
- **Current Limits**: Users can mint up to $10 million worth of crvUSD with TUSD. The proposal also recommends reducing the mintable amount with Paypalâs stablecoin, PYUSD, from $15 million to $5 million.
- **Regulatory Actions**: On Sept. 24, the SEC settled charges against TrueCoin and TrustToken for fraudulent and unregistered sales of investment contracts involving TUSD. The SEC alleges that 99% of TUSDâs reserves were invested in a speculative offshore fund.
- **Collateral Overview**: crvUSD is backed by various cryptocurrencies, including Ethereum (ETH) and Wrapped Bitcoin (WBTC). WBTC holds the largest share, with over $68 million in total value locked (TVL), followed by Wrapped Staked Ether (wstETH) at around $60 million.
The proposal highlights the need for a diverse range of collateral to mitigate risks associated with minor stablecoins like TUSD.
#Bitcoinâ at Key FrontierđŹ
Based on the recent buybacks on the market, it is observed that the level of $63,300 is a key support level (it is not for nothing that we have been trading near this level for several days now). If we successfully consolidate above these values, most likely we will get growth to at least $65,500, BUT if we fail to consolidate, there is a high probability of falling down to the nearest support level in the range of $61,000 - $60,000.
This factor is an addition to this post.
We already have two significant indicators that should determine the further path of Bitcoin in the coming days.
#Bitcoinâ #bitcoinâïž #BinanceLaunchpoolHMSTR #CATIonBinance
$BTC $ETH $BNB
đ1000SATS/USDT Bullish Alert!đ
Folks, weâre seeing some exciting movements with 1000SATS/USDT today! đ The price has surged to $0.0003147, showing a healthy +4.14% increase. Let's dive into some key details:
Current Price: $0.0003147
24h High: $0.0003190
24h Low: $0.0002999
Support Levels to Watch:
- First Support: $0.0002999 (recent low)
- Second Support: $0.0002850 (if a larger pullback occurs)
Resistance Levels to Break:
- Immediate Resistance: $0.0003190 (todayâs high)
Trading Strategy:
- Long Entry: If we see a stable move above $0.0003190, consider entering a long position. Itâs a signal that buyers are still pushing hard.
- Profit Targets: Set your sights on higher resistance levels at $0.0003250 as your first target, followed by further highs.
- Stop Loss: Keep it tight around $0.0002999 to protect your investment from any sudden drops.
This could be a great opportunity to ride the bullish wave if the momentum holds up. Keep an eye on these levels, and letâs make some smart moves together! đĄ
#1000SATS #CryptoTrading #Binance
{spot}(1000SATSUSDT)
âŽïž Dogwifhat (#WIF ) to $80: Epic Top Solana Meme Coin Price Prediction Revealed
Henrik Zeberg, a trader known for his thunderous predictions regarding the cryptocurrency market, in particular forecasting the biggest crash since 1929, has suddenly turned his attention to probably the most popular meme token on Solana, dogwifhat (WIF).
According to Zeberg, WIF can expect to grow by more than 3,500% and even 4,000% by November of this year. As you can see on the price chart attached to the post, the analyst thinks dogwifhat can expect to see $80 opposite its price mark.
Zeberg uses waves in his analysis, and in the case of WIF takes as his base the action demonstrated by the popular Solana meme coin earlier this year. Back then, the price of dogwifhat went from literally zero to $4.6 billion in market capitalization.
đŹ Are you onboard?
It is breaking out of long ABCDE-consolidation.
The potential is amazing đ â Henrik Zeberg
Now, Zeberg believes that dogwifhat has the potential to go to $80 as well, which would mean a market cap of $79.9 billion. For example, all other things being equal, this would put WIF in the top five of the largest cryptocurrencies.
Furthermore, Solana (#SOL ) itself currently has a market cap of just over $70 billion.
On the one hand, the popular trader's forecast seems overly optimistic. It is difficult to believe that an asset whose only appeal is that its logo features a cute dog in a knitted hat can be valued as high as all of PayPal.
However, history already saw this three years ago with #DOGE and #SHIB , and #WIF itself has already shown similar results in 2024, albeit on a smaller scale.
{spot}(WIFUSDT)
đ +93 % en lâespace de 3 mois : pourquoi @aave superforme-t-elle le reste du marchĂ© crypto ?
Ce succĂšs est liĂ© Ă un regain dâintĂ©rĂȘt pour la #DeFi đ, Ă sa dominance dans le secteur du lending (12,6 Mds de $ en TVL), et Ă la chute de son concurrent Curve Finance.
Ses mises Ă jour, comme lâintroduction de son stablecoin $GHO et son expansion vers les layer 2, ont Ă©galement renforcĂ© son attrait.
đ Render (RENDER) Token Surges Amid Whale Accumulation! đ
- Render, a decentralized GPU-based rendering provider, is bouncing back as large wallets accumulate its native token.
- After dropping to $4.50 on Sept. 7, RENDER has reclaimed support above $6.00.
- Market intelligence from Santiment shows a 33% price rise in the past week, driven by whale and shark accumulation.
- On-chain data reveals 902 addresses holding 100,000+ tokens, controlling 91% of the supply.
- Retail investors also joined the buying spree, adding 3.6% to their portfolios.
What are your thoughts on this bullish trend? Share in the comments! đŹ
đ **Blockchain Transparency: Reducing Speculation?**
Vibhu Norby, CEO of DRiP, shared insights at Solana Breakpoint, using a quirky propâa bag with a purple wigâto illustrate blockchain transparency. He emphasized that blockchain tech, with its open ledger, minimizes speculation by providing everyone with the same information.
- **Key Points:**
- Traditional markets thrive on incomplete info, leading to speculation.
- Blockchainâs public ledger makes every transaction visible.
- On-chain lending requires full collateral, reducing guesswork.
- Faster blockchains like Solana enable quick price discovery.
đŹ What do you think? Share your thoughts in the comments!