A quick dive on #RENZO $REZ the latest project on Launchpool.

There's not much to talk about Renzo if you know already about #EtherFi $ETHFI

Basically Renzo is similar to EtherFi only made simpler when it comes to ETH staking processes.

Given the 10B total supply and the 250k launchpool allotment but the initial circulating supply on Binance to be 10.5% or 1.5B (plus another 1B airdrop total), I am looking at another possible disaster here similar to $OMNI and $SAGA

Given the status of BTC slowly climbing uphill (but with tendency to slide down anytime), which could affect the price of ETH, I'm not completely convinced ETH holders would want to stake their holdings with the danger of BTC crashing down. But if BTC holds its position and continues to rise up, many would stake their ETH while waiting for the peak.

If Renzo will be true to their promise of simplifying the ETH staking process compared to EtherFi, and if the potential staking rewards are higher, then $REZ could outperform $ETHFI .

Don't buy immediately upon listing if the listing price keeps sliding downwards. Wait until price stabilizes and Bitcoin does the same.

PS. Please just quote this post instead of copy pasting and rewriting my original post. Thanks. @futurbnk

#BitcoinHalving is finally executed on the chain.

So everyone's question now is, is it time to jump in or wait a little longer? Take note, pumping or dumping won't happen overnight after halving. It could take days or weeks.

Here's my opinion: jumping in too early can make or break you.

👉 There's still tension between Iran and Israel despite the media silence about Israel contemplating on retaliating against Iran. One spark of war can again affect Bitcoin no matter what others say war has no effect.

👉 Whales still hope the price of $BTC to come down so they can accumulate more with their capital. So they don't want to enter at the current price due to the risk that once they pump it, the selling pressure could heighten and the price could go against their intention, which will have negative impact on their investments.

👉 The most influential of them whales are the big players in Bitcoin mining. Maintaining mining rigs is very costly, and due to the halving which literally gives them 50% less profit, in order to not affect their opex, they need BTC to double in price. But for that to happen, they need the whales to pump the price, which is not happening as of now.

If the opex for the miners become to unbearable, they will be forced to liquidate some of their BTC holdings which can drag the price down. And then what if suddenly the war sparks out of nowhere? Then the result for Bitcoin will be a chaos. The domino effect will be tremendous that even the whales would eventually dump their stash and wait for the bottom to replenish.

This crypto nightmare is going to be bloody hell.

The only way for Bitcoin to reach its peak and a new ATH is if Israel and Iran will sign a peace agreement, then the whales pump the prices from its current level and no other big parties will counter them through liquidation, in order to help miners appease their expenses, and give them chance probably to move their operations somewhere electricity is much cheaper. This will then give us small investors confidence to ride with Bitcoin all the way to its new heights.

If you're still undecided if the market will crash or not, I will give you a tip.

Binance just moved their #SAFU to $USDC before #Bitcoin halving tomorow.

So what does this tell you?

Even Binance has secured their assets to a stablecoin to prepare for a possible $BTC collapse. 🤔

It doesn't take rocket science to figure this out.

Now that I have given you a tip, it's time to return me the favor if you follow my advise to secure your funds to USDT etc. A 1 USDT tip will be more than enough. LOL. 😆 Just kidding.

My final advise, as what CZ said, keep your funds SAFU!

PS. Please just quote this post instead of copy pasting and rewriting my original post. Thanks. @futurbnk

One day before halving and $BTC is attempting a minor pump.

Can this be REAL or a TRAP to lure small investors to buy the pump, before the whales employ their massive dump strategy?

Share your thoughts to enlighten others.

Why do I have a feeling everything will crash after halving? I pray not. 🙏

But I think, in anticipation of that, and hopeful prevention of massive sell-off, Binance launched Megadrop ahead of halving to force participants to lock their $BNB for a longer period. Although it says it's optional, but you get less rewards if you don't opt the Locked Products.

Secondly, the first project they are launching is #BounceBit a $BTC restaking platform similar to EtherFi for $ETH which means this is another hopeful attempt to lock your #Bitcoin and prevent sell-offs.

So what's in it for you and the whales? If small players lock their BNB or BTC, while the whales will dump their holdings, you will see right before your eyes a new bloodbath unfolds while your assets are locked. Then afterwhich once panic kicks in, you will be forced to sell your assets late after the massive dumping of whales. When all of you are too late to dump, then that's the time the whales will begin restocking fresh supplies from you at very low prices.

This is not a prediction, just some wild thoughts going through my mind. I hope I am wrong and BTC will simply continue to pump for the sake of our alts.

But anyways, while the possible retaliation of Israel to Iran still looms, and a possibility of Bitcoin crash, I am diversifying some of my assets into Gold or Oil trading for now until the crypto market settles down. Enough of these scam coins on Launchpool, and now on Megadrop. Though I still plan to farm on Launchpool using some FDUSD to keep the peace of mind.

Wish you success and more profits as always my dear crypto traders!

Please quote this post if you want instead of cooy-pasting or rewriting it using AI. Thanks! @futurbnk

#bitcoinhalving #BinanceMegadrop #BinanceLaunchpool

So it turns out and as predicted in my previous post, $OMNI is just another $SAGA and has become a small pump and big dump coin.

Almost all my predictions were correct but I still lost a portion of my trading capital since I waited for it to reach $30 then when it pumped to $32 I thought it was the start of its upward climb. But after reaching $33 that's when it free fall again. The selling pressure was just too heavy. I saw a few whales attempted to pump but not enough power to defeat the dumpers.

My stop loss was at $28 and I was hoping it would never reach that low. But it still went lower than that.

I'm done with #OMNI it's going nowhere similar to #SAGA so I'm now waiting for the next launchpool project to review.

Finally, my overall outlook of the market is really very, very volatile, risky and unpredictable. $BTC keeps on pumping and dumping, just exchanging hands, no clear sign of its true direction.

I even read articles that #Bitcoin miners are planning to unload huge supplies after halving so the tendency of BTC to fall further is high.

In my opinion, this is not the right time to trade any coin. We need to wait after BTC settles down and moves in a consistent upward trajectory. Even staking FDUSD or USDT on Simple Earn is useless due to very low APR.

Unless you have mastered the art of scalping to benefit from the extremely wild volatility.

$OMNI is live. Buy price $30 - $35.

As I mentioned in my previous post, listing price is $30 to $50, but don't jump in too early as it can crash even lower than $30 because$BTC is at a dumping stage at the moment. Wait for Bitcoin to reverse to a favorable green.

⚠️ SCAM ALERT ⚠️

Beware of this fraudulent website: omnicoin .live

The official website of #OMNI Network is http://omni.network and their token sale has ended since 2023, and they have no ongoing airdrop but only through Launchpool.

Do not send them ETH to join their fake token sale.

The OMNI coin they give out is a fake token, make sure to compare the contract address of the real $OMNI ERC-20 Token with their fake tokens.

Binance is not the first to list OMNI, it has been listed on @Aevo already.

Extreme caution when buying #OMNI on its listing day.

The farming ratio per 1 FDUSD is too small (0.00004 per $1 per day) which means my previous prediction of its listing price of $3-$5 based on its token sale price of $1.50 is way too small.

The listing price will be x10 of my initial figures or around $30-$50 per 1 OMNI, which is also the initial listing price on #Aevo platform.

Now if the token sale price was only $1.50 then a listing price of $40 will be too tempting for the token sale participants to dump their stash, which was 20% of the token supply. $40 against their $1.50 capital per OMNI is too easy an ROI, and again the newcomers might end up as victims, similar to $SAGA

So when trading starts, try to wait and monitor the market first before jumping in.

DYOR and monitor also the trend of $BTC to help you decide.

$BTC Crash and Iran/Israel War. So what's the real deal?

Two of the hot topics today, the sudden price crash and the mid east war. Some say the crash was caused by the news of Iran attacking Israel, and some say it has nothing to do with the war and only due to the nearing halving.

In my opinion, both of them are correct. The war is forcing some mid easterners liquidate their assets in preparation for escalation such as for travel, food supplies, or even to reinvest in oil.

Those not affected by war are securing their assets in stable coins why the USDT yield rate from 7% APR is now down to 3.28% which means there's too much supply of USDT.

So what can you do in situations like this?

👉 Take advantage of the small pumps and dumps. When the dump is deep, buy. When it pumps, sell. Small profits are better than none. Tne price doesn't matter, you can always trade at whatever price to start with, just make sure it's going upwards.

👉 If you're going offline or going to bed, close all orders. It's better to keep the peace of mind than worrying if the price will rise or fall while you sleep.

👉 Keep your funds in stable coins until the war news settle down, or join the wild ride and put the high volatility to your advantage.

When everyone is dumping, the whales will take advantage. Then the price will start pumping, and everyone will join out of FOMO, only to be dumped again.

In my case, though I trade $BNB and not BTC, I always look at the charts of BTC if it will pump or dump, because every altcoin will follow.

Looking at the charts, it could form an M pattern so a dump is possible again. I think these minor pumps and dumps will continue until the actual halving period, and the situation results to a real war or a peaceful setting in the middle east.

If peace prevails, everything will be back to normal and possible BTC's ATH of $80k 🤞🙏

NOTE: You may find posts from other users almost similar to this original post of mine which are rewritten using AI without giving credit to me. - @futurbnk

I still read a lot of questions asking whether $SAGA is going to pump, and I see a lot of posts predicting it will be priced even higher than its peak of $7.8

I want to share this opinion of mine just to protect new investors who just learned about #Saga recently.

AVOID SAGA AT ALL COST!

Saga is going nowhere. It will just keep on pumping and dumping because once it pumps, all those who lost during the launch will simply dump to liquidate their holdings.

If you are one of those who lost, sell now your tokens and reinvest your USDT in #OMNI or other gaining coins which can help you increase your reduced capital from Saga.

Saga team scammed us all with their dumping of premined tokens, with the help of Binance, so let's just accept and live with that fact.

If you want to learn more about $OMNI check out my previous post about my technical perspective and its potentials.

Saga token unfortunately is going down the drain.

Introducing OMNI NETWORK ($OMNI) the 52nd project on Launchpool. #OMNI is a Layer 1 blockchain which plans to integrate all Ethereum Rollups into a single system. $OMNI is an ERC-20 token which will be used to pay for gas fees, network governance and staking.

First, what is a "Rollup"?

Ethereum network (L1) is facing a number of challenges right now including slow transaction (txn) processing, high gas fees, and so on. To overcome this problem, Layer 2 (L2) scaling solutions were developed, called ROLLUPs, which combine multiple Ethereum txns into a single form of data, then submit them all to the blockchain. This results to saved block space, reduced txn cost, and faster txn speed.

So basically, OMNI plans to integrate all these fragmented rollups (which degrades network performance), into a single, interoperable network. Their goal as per their whitepaper is to enable "Ethereum to return to its role as a unified network for decentralized applications".

What does it mean by "interoperable"? Simply put, OMNI provides developers a cross-rollup messaging mechanism (using CometBFT consensus) to allow diverse rollups to communicate with each other, and integrate Ethereum's liquidity and users into their applications.

OMNI uses validators, and also has a dual-staking model similar to #EtherFi to secure the network.

They launched last Q2 of 2023 and the mainnet is about to be launched Q2 of 2024. So this is an exciting moment for their roadmap, which could potentially pump the price.

TOKENOMICS
Token Supply: 100M
Token Sale: 20M (20%)
Launchpool Total: 3.5M (3.5%)
Circulating Supply upon listing: 10.39M (10.39%)

Their token sale price was $1.50 and with the small amount of supply, I estimate its listing price to be $3 - $5.

If this project is adopted by existing L2 solutions, it will bring great impact on the Ethereum ecosystem. This can have a bright future ahead similar to $ETHFI and $ENA once listed.

NOTE: You may find posts from other users almost similar to this original post of mine which are rewritten using AI without giving credit to me. - @futurbnk

Everybody's still talking about $SAGA frustrating experiences, let's forget about it for now. Here is your chance to recover your huge losses from that scam token.

I bought $BNB to be used to farm #OMNI at launchpool. Thanks to the recent crash of $BTC which brought the price of BNB down from its peak just in time for the farming.

On my next post I will deep dive on OMNI and give you my technical perspective on this new launchpool project.

Stay tuned.

Ok guys, here's my final verdict about $SAGA in its 4 days of trading.

When it launched I witnessed it at $4.7

I admit I made some profits through scalping. But after it reached $7.8 ang crashed to $7.1 I stopped scalping and began to analyze the trading pattern. Until it kept on falling down to $6.

Then I thought it will bounce already, but no it kept falling to $4.9 then stabilized at $5.1

I bought some hoping it will start rebounding. But it just kept falling again.

Then I thought it's impossible to go down to $4.7 because I witnessed some whales who bought beyond beyond $5 to $7+ so it might be illogical if they dump what they bought below $4.7 which was the starting average price.

But now it's at $4.5 and some whales are buying 100k+ in quantity at low price only to dump again after the price bounces a little. And the cycle just keeps continuing.

The question now is, who would have such a huge amount of token supply to freely dump below the starting average price of $4.7 if not the Saga team or Binance team themselves?

My gutfeel now is I think we are being played around by these teams and their seed investors. They're raking the money out of the innocent traders, they are liquidating their personal pre-mined tokens.

Since the start of trading from $4.7, I think everyone who bought high but were not able to exit early have lost their money.

I sold the tokens I bought at $5.1 to a loss of $4.7 but I'm going to buy again when the the prices goes down to $4.5 or less. But this shorting strategy is too risky so this is not an advise.

If the price keeps free falling lower than $4, then I think we've all been scammed by Saga team and Binance. It's time to move on to the next profitable coin.

But again I stand firm in my personal opinion (setting aside the token), that the Saga platform is a great tool for blockchain and game developers. That's just my technical perspective.

Wow... someone just did a massive dump on $SAGA at a major loss that's for sure. But now after causing panic he's buying again at lower price to increase his holdings. Very smart but it's causing havoc to small players giving up their money out of FUD. 😩

No wonder the price can hardly pump up to recovery, it's being manipulated by whales.

I thought we have eliminated all the weak hands and I thought the bottom was $4.9 😄

I guess the dumping saga still lives on... Lol.

Oh well, it seems we are in for a tough ride with #Saga my friends, so buckle up. 💪😄

I pity all those who have lost so much due to panic selling and massive dumping. I really do feel sorry for them. 😢 Not all traders are really the same and as tough as those with diamond hands. 🤛

Taking a break on this, be back in a few.

After I posted my previous one a few hours ago when I said I have a feeling we have touched the bottom of $SAGA at $4.9 then the price went green and stabilized at $5.1

You know why it happened?

I found out that after my post, it coincided with #Saga team conducting a Mainnet Community Call on X.

So you see, there is still hope for SAGA and all it needs is just consistent marketing activities, events, promotions and so on from the company in order to bring back and boost the confidence of their imvestors and developer community.

I will repeat, Saga is a very good project and for me it is the next best thing to happen on blockchain space. As a developer myself, I am very keen on delving into their platform to migrate my dApps into Saga. They enable developers to deploy their own L1 blockchains in just seconds, as compared to other L1 platforms where it's hard to build on top of their ecosystems.

Once Saga gets popular in the dev space (not just in the gaming world), the SAGA utility token will definitely fly high once mass adoption kicks in. And it's gonna happen sooner than you think, not years as some might think.

So my advise to you who are planning to dump their tokens, if you don't intend to hold them, then just long them, and not keep on dumping. If all of you will long your tokens, it will be the buyers who will be pressured and become impatient, which will keep the price moving upwards.

It was the sellers who got impatient which caused the price went crashing wildly. Now that the price has settled, it means we have gotten rid of most of the impatient sellers and weak hands. I hope this time, SAGA will start climbing up, slowly but confidently. 🚀🌜

Beware, you might see this original post of mine being rewritten using AI and reposted by other users without giving me credit. 🤣 @futurbnk

Why do I have this feeling that we've finally seen the bottom of $SAGA ? 🤞

This is one hellish ride and way too unusual. #Saga surely has sent shockwaves across the entire exchanges and social media space. I've seen many comments cursing Saga because of this. 🤣

Let's pray and hope everything will be green from this moment on. 🙏

A lot of early $SAGA investors are losing a lot of money due to panic selling. Here's my heartfelt observation.

This past 12 hours I've been monitoring the trading behavior of SAGA and based on my observation, technical analysis may no longer be relevant. There's just too many weak hands, panic sellers, and SAGA is way oversold!

There are far more impatient sellers than buyers. I see those who bought at $6 to $7.8 during listing, sold their entire stash lower than $6 at a loss. Buyers, knowing this kind of scenario when a lot of sellers are dumping at a loss, will just put a buy order at low prices which is the primary cause of the down trend.

I also don't see much support from #Saga team after their mainnet launch and token listing, so there's not much excitement happening to attract new investors.

The good thing though is that the chart is starting to stabilize which means the price may not dip much further, but climbing back up to $7 is going to be tough as most buyers now will take profit immediately from a slight price pump which will cause a roller coaster ride.

The only way SAGA will pump steeply is if the Saga team will attract more projects and more new investors who will participate in their staking programs.

I'm still very much positive with their platform, it's just going to take sometime before we see price surge. But $8 - $9 is still my nearest target and $10 - $12 is my most reasonable stable price based on their whitepaper and use cases.

Has $SAGA already eliminated most of the weak hands and is now getting ready for a tough climb towards $8? 💪

Whales have been preparing to see the bottom of this and now I believe we've gone through it. 🤞

Go on whales, it's your turn. 🚀

Going from red (top losers) to green (top gainers) in the next 24 hours. ✅️

Hold on to your tokens, especially $SAGA and $BNB since the price drop is only due to $BTC sudden crash. It's just too bad #Bitcoin crashed after #Saga listing day.

As you can see from the photos, the pattern is very similar.

Piece of advise: never sell during a crash!

Halving is just around the corner and the whales are trying to manipulate the price to as low as possible before the next major pump, which will drag all alts upwards. All alts will recover soon.

During a crash, just stake your tokens in Simple Earn to generate extra tokens every minute.

Follow for more tips.