for the muslim community crypto future trading is haram
In Islamic finance, the permissibility of financial transactions hinges on several principles rooted in Shariah law. Futures trading, particularly in the cryptocurrency market, raises certain concerns under Islamic law. Here are the main reasons why it is often considered haram (forbidden): 1. Gharar (Uncertainty and Speculation): Futures trading, including crypto futures, involves a high level of speculation and uncertainty (gharar). Traders are betting on the future price movement of assets, often without taking ownership of the actual asset. This speculative nature conflicts with Islamic principles, which require transactions to be grounded in tangible value and real assets. 2. Riba (Interest): Many futures contracts involve leverage or borrowing, where the trader essentially borrows funds to increase the size of their position. Often, these borrowed funds accrue interest if held overnight. Since charging or paying interest (riba) is explicitly prohibited in Islam, leveraged trading with interest-bearing accounts is typically seen as haram. 3. Lack of Asset Ownership: In futures trading, contracts are traded without the intention of owning the underlying asset, which goes against the Islamic principle of having a real interest in a tangible item. Shariah-compliant transactions usually require that there be actual possession of the asset being traded, not just a derivative. 4. Unethical Risk: Cryptocurrency futures trading is highly volatile, and participants can lose large amounts of money in a short period. Islam encourages avoiding unnecessary risks or transactions that could lead to financial ruin or harm, which makes this kind of trading ethically questionable under Shariah. 5. Gambling (Maisir): Due to its speculative nature, futures trading can resemble gambling. In Islam, gambling (maisir) is forbidden, as it is seen as an unproductive activity that depends largely on luck rather than actual skill, labor, or real economic contribution. Given these reasons, many Islamic scholars and authorities conclude that crypto futures trading, like other forms of speculative derivatives, falls under prohibited activities in Islam. However, there are nuanced views, and some scholars argue that certain forms of trading, if structured differently, could potentially be permissible.
#CryptoAMA As you know $SUI is set to token unlock in 4days how would the price react?will it drop further now and the hype of $BTC surge fades away ?
The sui market is on a roller coaster that can go either-ways i think its gonna be bearish soon till it reaches the upper resistance of 2.47 Let me know what do you think #SUI🔥
SUI Breaks Through Resistance: Bulls Take Charge as Bears Retreat
The crypto market loves its wild swings, and $SUI has just delivered a big one. After weeks of battling resistance, SUI has finally broken through, leaving bearish traders scrambling and signaling that the bulls are getting ready for a major move. The breakout has people buzzing, and it looks like a pump could be just around the corner. SUI’s Journey: From Under the Radar to Center Stage $SUI the native token of the Sui blockchain, hasn’t always been the hottest name in the crypto space, but that’s quickly changing. When it launched, it turned heads with its promises of scalability and low-latency performance, making it a potential competitor to giants like Ethereum and Solana. But after its initial hype, SUI spent weeks stuck in a tug-of-war between buyers and sellers, constantly testing major resistance levels. For a while, it seemed like sui just couldn’t break free. Bears were calling for a price drop, expecting the momentum to fade. But the SUI community stayed strong, and that persistence has paid off. The Bears Get Blindsided Lately, things have shifted in a big way. SUI didn’t just tap the resistance levels this time—it smashed right through them. The breakout caught bearish traders off guard, especially those shorting the token, expecting it to dip. Instead, SUI surged, triggering what looked like a wave of panic as bearish positions were quickly covered. In a matter of hours, sentiment flipped, and SUI was off to the races. This breakout didn’t just invalidate the bearish outlook; it was a clear signal that SUI had real momentum behind it. It’s become one of those “I told you so” moments for the bulls who believed in the project from the start. Are We on the Verge of a Bullish Pump? Now that #sui has broken through resistance, the big question is: what’s next? A lot of eyes are on SUI right now, and there’s growing buzz that a significant pump could be on the horizon. Broader Crypto Market Rally: With Bitcoin and Ethereum showing strength, the overall crypto market is in a more bullish phase, creating the perfect environment for altcoins like SUI to take off. DeFi and NFTs: Sui is rapidly expanding into decentralized finance (DeFi) and non-fungible tokens (NFTs), two of the hottest areas in crypto right now. These developments could further boost the token’s value. Institutional Interest: As SUI gains more attention, it’s starting to catch the eye of bigger players. Institutional investors jumping on board could be the catalyst for the next leg up. Bulls in Control: What’s Next? It’s clear that SUI has turned the tables on bearish sentiment, and right now, the bulls are running the show. While the market is always unpredictable, the momentum behind SUI suggests that the token could see significant gains in the near future. Investors should watch for key support levels as SUI continues to climb and be mindful of any market volatility. For now, though, the bulls are in charge, and SUI’s breakout could be the start of something much bigger. Whether you’re a long-time believer or just starting to watch, it’s hard to ignore the buzz surrounding SUI right now. Buckle up, because the pump may just be getting started! $SUI This ain’t a financial advice Dyor #SUI🔥
$SUI has been all over the place lately. Right now, it’s sitting at about $1.91, which is a bit of a drop from the recent high of $2.36. It seems like it’s trying to stabilize, but it’s unclear whether it’ll push back up or dip further. The key level to watch is $1.87—if it holds above that, there could be a shot at moving back toward $2, maybe even higher. $SUI But if it falls below $1.87, it might slide down to $1.70 or lower. Volume is going to be crucial here—if there’s a spike in buying, it could signal confidence, but if the volume dries up or selling increases, we might be looking at more downside. This week is probably going to be pretty telling. If it breaks through that $2 resistance again, it could bring back some bullish momentum. But if it can’t hold the $1.87 support, things could get bearish fast. Definitely a time to watch closely. My own prediction would say sui will recover very fast and head toward 2.1 2.2 and if the pump goes bullish it may 3 to 4 $ This year sui will definitely reach this price but when no one knows but what i do know right now is a good place to buy and hold $SUI #SUI🔥
Scroll $SCR is currently trading at around $1.31, having launched in October 2024. It has significant growth potential, particularly as it gains more adoption as a Layer 2 Ethereum scaling solution. Analysts predict SCR could see a steady rise in the next few years. By 2026, its price could reach $4.81, with continued growth expected to push it as high as $9.83 by 2030 . $SCR The token’s low circulating supply (19% of its total supply) suggests room for future market expansion. While it is down from its initial highs, the long-term forecast indicates potential strong gains, possibly reaching $18 or more by 2032 . $SCR In the short term, Scroll could face volatility, but its long-term outlook is optimistic for those considering holding the token for multiple years. A pump is coming once the presale is done be ready #Scr
Now is a good time to stack on Sui buy and hold !!
Talking about the potential price of $SUI (SUI) is interesting because it’s so dependent on market conditions, the broader crypto space, and the project’s development. Right now, SUI is around $2.02 to $2.07, but where it could go is still debated. In the short term, if adoption picks up or if Sui launches some major partnerships or features, we could see the price jump up to $3-$5, possibly even more if the entire market sees another bull run. The fact that $SUI focuses on things like parallel processing and low transaction fees gives it an edge in scalability, so those features could drive demand if more developers and users flock to the platform. In the longer term, if $SUI really solidifies its place in decentralized finance (DeFi) or gaming, which are growing sectors, some predictions place it anywhere between $10 and $20 by 2030. This is where it gets speculative because it would depend on how successfully it can compete with giants like Ethereum or Solana, as well as how the market overall matures. Some analysts believe that if the crypto space hits mainstream adoption, projects like Sui with strong technology foundations will benefit the most. However, these are optimistic scenarios. If the market takes a downturn or competitors outshine Sui, the price could stagnate or even drop. Also, the upcoming token unlocks might flood the market with SUI tokens, temporarily driving the price down due to increased supply . #SUI🔥 One of the best projects of the year 💸💸
The polygon ecosystem package definitely will gain in this year and the next!!!
Alright, let’s talk about the Polygon ecosystem and why it’s worth keeping an eye on in 2024. You’ve probably heard a lot about Polygon (MATIC) already. It’s a Layer 2 scaling solution for Ethereum that’s been around for a while and has steadily become a favorite for developers looking to avoid Ethereum’s infamous high fees and slow transactions. But what’s really exciting is what’s happening within the Polygon ecosystem itself. MATIC: The Backbone $POL First up is MATIC, the core token that powers the Polygon network. It’s used for staking, governance, and paying transaction fees. Now, what’s making MATIC interesting heading into 2024? For one, Ethereum is still the king of decentralized finance (DeFi) and NFTs, but its scaling problems haven’t gone away. Polygon swoops in with faster transactions and lower fees, and with Ethereum still working on its upgrades, Polygon is well-positioned to continue absorbing that extra demand. Polygon’s also attracting some big names outside of crypto—think Meta (Instagram) for NFTs, Adobe for content verification, and even DraftKings. So if mainstream adoption of blockchain tech ramps up, MATIC could easily benefit. QuickSwap (QUICK): DeFi Heavyweight $QUICK let’s talk QuickSwap. It’s like Uniswap but optimized for Polygon, which means you get to trade with a fraction of Ethereum’s gas fees. With DeFi expected to keep growing in 2024, having a platform like QuickSwap on Polygon is crucial. People looking for cheaper, faster DeFi trades will flock to it, which could drive more usage—and value—into the QUICK token. Aavegotchi (GHST): The Fun Side of Crypto $GHST Then there’s Aavegotchi, which merges gaming, DeFi, and NFTs in a pretty unique way. Imagine owning a virtual pet that earns you yield based on what you stake inside it—yeah, it’s like Tamagotchi meets yield farming. Aavegotchi has built a solid community, and it’s tapping into the whole metaverse trend, which could explode even further in 2024. If NFTs and blockchain gaming continue gaining steam,GHST could see a rise as well. Why 2024 Could Be Massive for Polygon Tokens So what ties all of these tokens together? It’s the fact that Polygon isn’t just resting on being “Ethereum’s sidekick.” The network has grown into a full-blown ecosystem with everything from DeFi to gaming and even NFTs, which gives it a ton of versatility. Whether it’s solving scalability issues for Ethereum, offering cheaper trades for DeFi users, or becoming the go-to for NFT marketplaces, the Polygon ecosystem has its hands in a lot of pies. With these different sectors growing and Polygon’s ecosystem expanding, there’s a real chance for tokens like MATIC, QUICK, GHST, and to benefit in 2024. Whether you’re into DeFi, gaming, or NFTs, Polygon seems to have a role to play, and that makes it a network—and a group of tokens—worth watching closely. What do you think? Does it sound like a network ready for takeoff next year?
Aptos, Sui, Sei near protocol and Arbitrium, : Can These Blockchains Skyrocket in 2024? The crypto world is always buzzing with new projects, but some stand out more than others due to their unique innovations and potential for growth. Among them, Aptos, Sui, Sei, are making waves. These Layer 1 and Layer 2 blockchains each bring something fresh to the table, and their potential to see explosive growth in 2024 is real. Let’s dive into why. 1. Aptos (APT): The Diem Legacy $APT was created by developers who worked on Meta’s (formerly Facebook) blockchain project Diem. When Diem shut down, these developers took their experience and created Aptos, a blockchain built for speed, security, and scalability. Why It Could Blow Up: • Blazing Fast: Aptos can process thousands of transactions per second, thanks to its Move programming language, which was originally developed for Diem. This could attract a ton of decentralized finance (DeFi) projects looking for speed and low costs. • Heavy Investment: Backed by big names like a16z and FTX Ventures, Aptos is well-funded, giving it the resources to grow its ecosystem rapidly. With its ability to handle large-scale applications, 2024 could see Aptos grabbing a lot more attention, especially from developers seeking a blockchain that’s faster than most of its competitors. 2. Sui (SUI): The New Kid on the Block $SUI Another blockchain that was born out of the ashes of Diem, Sui is all about flexibility. It’s a Layer 1 blockchain that uses an innovative object-based model, allowing for more efficient transaction structures. Why It Could Take Off: • Parallel Transactions: One of the key reasons Sui stands out is its ability to process multiple transactions at the same time, which can be a game-changer for gaming, NFTs, and DeFi projects that need fast and complex transactions. • Expanding Ecosystem: Sui is quickly building out its ecosystem, with new DeFi platforms, NFT projects, and partnerships launching. If this momentum continues, Sui could easily gain traction. Sui’s technical strengths and growing ecosystem make it one of the most exciting new Layer 1 chains to watch in 2024. 3. Sei (SEI): Built for Trading
$SEI Unlike most general-purpose blockchains, Sei is laser-focused on decentralized finance and trading. It’s designed as a high-performance Layer 1 blockchain for decentralized exchanges (DEXs), offering 600-millisecond finality, which is super-fast. Why It Could Explode: • Optimized for DeFi: With DeFi continuing to expand, a blockchain that’s purpose-built for it could be exactly what the market needs. Sei’s fast transaction speeds and ability to handle massive amounts of liquidity make it a natural fit for DeFi applications. • Strategic Focus: By concentrating on a niche like DEXs, Sei isn’t trying to be everything to everyone. This specialization could help it capture a solid share of the DeFi market. As more decentralized exchanges look for reliable, high-speed platforms, Sei could see a surge in adoption throughout 2024. 4. NEAR Protocol (NEAR): Making Blockchain Accessible NEAR Protocol has been around a bit longer and has already established itself as one of the most user-friendly Layer 1 blockchains. It’s designed to be easy for both developers and everyday users, offering low transaction fees and high throughput. Why It Could Continue to Grow: • Scalability Through Sharding: NEAR uses a sharding technique called Nightshade that allows it to scale without losing efficiency. As the blockchain grows, it becomes more powerful, which is key for onboarding a lot of new users. • User-Friendly: One of NEAR’s main goals is to simplify blockchain interaction, making it easy for non-tech-savvy users to engage with dApps, wallets, and NFTs. This ease of use could attract millions of new users. NEAR Protocol’s focus on mass adoption and its sharding technology could help it take off in 2024, especially if blockchain usage continues to expand into everyday applications. 5. Arbitrum (ARB): Ethereum’s Right Hand As a Layer 2 scaling solution, Arbitrum is built on top of Ethereum to help solve the problem of high fees and slow transaction speeds. It uses Optimistic Rollups to batch transactions and reduce costs while keeping Ethereum’s security intact. Why It Could Boom: • Ethereum’s Scaling Solution: Ethereum remains the go-to blockchain for DeFi and NFTs, but it’s notorious for its slow speeds and high gas fees. Arbitrum fixes this, making Ethereum more usable for dApps and traders. • Widespread Adoption: Already, some of the biggest DeFi platforms, like Uniswap, are using Arbitrum. As Ethereum continues to dominate the DeFi space, Arbitrum’s importance will only grow. With Ethereum’s scaling issues continuing, Arbitrum is in a perfect position to benefit in 2024 as more projects look to Layer 2 solutions. Why 2024 Could Be a Game-Changer All of these projects—Aptos, Sui, Sei, NEAR Protocol, and Arbitrum—bring something unique to the crypto space. Whether it’s high scalability, DeFi optimization, or improving user accessibility, each blockchain addresses key challenges in the market. Here are the trends that could drive their explosive growth: • DeFi Expansion: As decentralized finance grows, platforms optimized for trading (like Sei and Arbitrum) will be in high demand. • Scalability and Speed: Aptos, Sui, and NEAR offer the kind of speed and scalability that blockchain developers crave, which could attract a flood of new projects. • Growing Ecosystems: Each of these blockchains is actively expanding its ecosystem, with new dApps, NFT platforms, and partnerships being added regularly. If they continue to deliver on their promises, 2024 could see these projects taking off in a big way. Conclusion In a rapidly evolving crypto market, projects like Aptos, Sui, Sei, NEAR Protocol, and Arbitrum are well-positioned to make major strides in 2024. Whether it’s through DeFi optimization, solving scalability issues, or making blockchain more user-friendly, each of these blockchains brings something valuable to the table. As adoption increases, their potential to explode in value looks promising, making them worth keeping a close eye on this year.
$SUI Current Situation: The price is sitting at $2.03, down by about 4.66% in the last 24 hours. It hit a high of $2.15 and dropped to $1.99, so there’s been a bit of a dip after reaching a recent peak. Moving Averages: There are some important trend lines here: • The 7-day average (the yellow line) is slightly higher than the current price at $2.15, meaning $SUI is a bit below its short-term trend. • The 25-day average (the red line) is around $1.90, so over the mid-term, SUI has been on an upward swing. • The long-term average (purple line) is way down at $1.14, which tells us the market has moved up a lot over the past few months and is still well above older support levels. The fact that shorter-term averages are above longer ones shows the market had some strong upward momentum, but the current dip suggests some short-term correction. Volume: The 24-hour trading volume is high, with 77.95 million SUI and 160.35 million USDT traded. High trading volume like this means there’s a lot of activity, which can indicate the market might become more volatile. Price History: • In the last week, the price grew by 12.54%, and over the past 30 days, it shot up 76.44%. • The 90-day increase is a massive 136%, which shows that despite recent pullbacks, SUI has been on a pretty strong overall upward trend. Candlesticks: The chart shows SUI had a strong climb to $2.36, but after hitting that high, it’s pulled back a bit. The price is now hovering around $2.03, which could be a sign of consolidation—basically, the market catching its breath before deciding whether to move up or down again. So, What’s Next? This could be a temporary dip before another rally, especially if the price holds above $2.00. If it pushes past $2.15 again and stays above it, we might see another upward run. Keep an eye on the trading volume and how the price behaves around these key levels to see where things are headed next. This version adds a bit more of a conversational tone and simplifies some of the technical jargon to make the analysis clearer and easier to follow. $SUI
$SEI Looking at the SEI/USDT chart you provided, here’s an analysis of the key points: Current Price and Trend: • Price: $0.4236, up 6.30% in the past 24 hours. • 24h High: $0.4330 • 24h Low: $0.3882 • The price is trending upward, with strong momentum building from the recent low of $0.3882. Moving Averages (MAs): • MA(7): $0.4223, very close to the current price, showing short-term support near this level. • MA(25): $0.4094, a good potential support zone. • MA(99): $0.4231, just below the current price, indicating that SEI is breaking above long-term resistance levels. Volume: • There’s been significant volume during this uptrend, suggesting strong buying pressure as the price moved up from $0.3882 to $0.4236. Key Levels to Watch: • Resistance: $0.4330 (24h high). If SEI can break and hold above this level, it may surge higher. • Support: $0.4094 (MA25) and $0.3882 (24h low). These are good entry points for buying during a pullback. Best Entry Points: $SEI • Optimal Entry: Around $0.41 - $0.42. If the price pulls back slightly, buying around these support levels could be a good move. • Riskier Entry: If you’re aiming to ride momentum, you could wait for a breakout above $0.4330. Will it Surge?
• Bullish Signals: The chart is showing a positive short-term trend with strong volume. If SEI can break above $0.4330, it may continue rising in the short term. • Caution: Watch for potential resistance at $0.4330. If it fails to break, a short-term pullback is likely, which would give a better entry at the lower support levels. In summary, wait for a pullback to $0.41-$0.42 for a safer entry, or look for a breakout above $0.4330 for a more aggressive trade. $SEI
Being listed as a native token on Binance can provide Scroll’s $SCR token with significant advantages, but success still depends on various factors.
1. Liquidity and Exposure: Binance is one of the largest cryptocurrency exchanges in the world. Listing SCR as a native token there means it will have higher liquidity, more trading volume, and exposure to millions of Binance users. This can boost both demand and price stability in the early stages of SCR trading . 2. Integration with Binance Ecosystem: Binance offers numerous features like staking, farming, and trading pairs, which can make SCR more appealing to users. For example, Binance’s Launchpool allows users to farm SCR tokens, which can encourage long-term holders . The deeper integration with Binance also offers potential advantages in terms of broader utility within the Binance ecosystem, such as possible fee reductions, rewards, or governance capabilities linked to holding SCR. 3. Credibility and Trust: Binance’s listing of SCR, along with its pre-market trading initiative, brings a level of credibility to the project. The exchange’s backing can signal to investors that SCR has been vetted, potentially boosting investor confidence . However, the success of SCR as a native token will still depend on the broader adoption of Scroll’s Layer 2 solution, the overall market conditions, and how well the Scroll network competes with other Layer 2 solutions like Arbitrum or zkSync . Therefore, while being native to Binance offers significant potential, long-term success will rely on sustained adoption and usage. Conclusion Today’s gonna be a wild ride for SCR there will be huge gains and huge losses $SCR but one the dust settles and the price will consolidate and will start a longterm gain Join the rollercoaster today $SCR
it is the best time to buy sui don’t miss the bull train ☄️☄️☄️
$SUI it seems that the price is currently at $1.8002, having dropped by 5.62%. Some key things to note: • The 24-hour low is $1.7844, and the high is $1.9974. • The MA(7) is at 1.8640, indicating the short-term trend is slightly higher than the current price. • There’s been a significant rise in the past few days, but the price is now slightly retreating from its high.Given the recent pullback, a price around or just below $1.8 could be a better entry point, especially if you are looking for a short-term dip to buy into.$SUI #SUI🔥
$SUI SUI SUI SUI Is hitting its low since the surge that it made the pat 48 hours the time is the best to buy because the bull will pick it up and smash thru the ath #SUI🔥
Several cryptocurrencies show potential for surging soon, particularly those with solid ecosystems and upcoming upgrades. $APT 1. Aptos (APT) stands out as one of the most resilient cryptocurrencies, managing to stay stable despite market fluctuations. Investors are keeping a close watch, especially since its price remained stable even after token unlocks. Aptos has shown consistent strength and could be poised for further growth due to strategic partnerships and development efforts . $SUI 2. Sui (SUI) is gaining attention for its efforts in environmental sustainability. The blockchain is collaborating with initiatives to track carbon credits, positioning itself as a leader in green technology. This unique focus might spark increased interest and investment . $SEI 3. Sei (SEI) is another strong contender following its major V2 upgrade. This update has boosted its blockchain’s efficiency, incorporating Ethereum Virtual Machine (EVM) compatibility, which improves connectivity across chains. Sei’s recent surge reflects optimism among investors, and further advancements may push its value higher . And with this bearish 48 hours the prices have dropped for a good entry point don’t miss out Buy today and enjoy the ride ☄️
Arbitrum (ARB) is currently trading around $0.53 to $0.55, showing some consolidation over the past week with low volatility. It has encountered resistance at $0.62, and unless there is a strong influx of buyers, it might struggle to break past this level in the short term. The current trend for $ARB suggests that it could be forming a bullish ascending triangle pattern, which often signals upward movement. However, the technical indicators like the RSI are still leaning bearish, suggesting sellers maintain some control . In terms of larger market activity, DeFi participation on the Arbitrum network has dropped considerably, which may affect ARB’s growth potential. The number of whale transactions has also declined, further indicating that major market movers are cautious at the moment . For those looking to buy, a dip near $0.48 could offer a better entry point, especially if ARB continues to show weakness. However, if it manages to break above the $0.62 resistance with volume, it could potentially initiate a more sustained upward move.$ARB
Near protocol will surge and its the right time to buy
$NEAR As of October 2024, NEAR Protocol (NEAR) is trading at $4.71, marking a 5.51% drop in the past 24 hours. NEAR has seen significant price swings over the year, experiencing a 351.95% growth at one point, but still down 76.9% from its all-time high of $20.44 in January 2022. NEAR currently has a circulating supply of about 1.1 billion tokens and a market cap of approximately $5.2 billion, placing it in the top 25 cryptocurrencies by market capitalization. $NEAR NEAR has a robust platform focusing on scalability and usability, especially for decentralized applications (dApps). This strength in technical fundamentals has driven periodic price spikes, such as a notable 31% surge in September 2024 as bulls eyed a key psychological resistance level at $6. These types of rallies indicate NEAR’s potential for further upward movement, especially when broader market conditions or new protocol developments align favorably. $NEAR Nightshade 2.0 launch and continued innovation in its ecosystem have contributed to recent price stability and growth. However, the price volatility that has characterized NEAR’s history suggests that it is important to monitor key levels and market sentiment before making any moves. When to Buy: Considering its current level around $4.71, NEAR appears to be trading at a discount relative to its historical highs. For those looking for an entry, this range could be appealing, but it is essential to watch for dips around $4.50 and potential breakouts above the $5 mark, as this could signal renewed upward momentum. Keep in mind that NEAR is still in a highly volatile sector, and market conditions could influence its price. As always, entering at support levels with a long-term perspective might yield the best results. If NEAR continues its positive development trajectory, it could retest the $6 range or higher in future bullish cycles .