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Solana $SOL is back.
Solana has reached a crucial crossroads, clutching onto the $150 price threshold. A make-or-break point for Solana, a support level where it needs to gather its strength for a breakthrough and gaining a foothold. Securing this spot is vital; it is the point of a previous breakdown that has to be turned into support.
However, the path ahead is not clear. A resistance is at $151, a line that Solana has flirted with but has not yet crossed with conviction. Pushing past it could signal a rally, but falling short might mean a struggle to find footing again.
Looking at the chart, if Solana breaks past the $151 resistance, the next target to watch would be around $166.57. Reaching and staying above this level could be the boost Solana needs to confirm its bullish stance in the market. Conversely, if Solana cannot gather the strength to climb over this resistance, it may retest the waters around the $138.69 support level.
#Write2Earrn #SolanaInvesting #BullorBear
Solana has reached a crucial crossroads, clutching onto the $150 price threshold. A make-or-break point for Solana, a support level where it needs to gather its strength for a breakthrough and gaining a foothold. Securing this spot is vital; it is the point of a previous breakdown that has to be turned into support.
However, the path ahead is not clear. A resistance is at $151, a line that Solana has flirted with but has not yet crossed with conviction. Pushing past it could signal a rally, but falling short might mean a struggle to find footing again.
Looking at the chart, if Solana breaks past the $151 resistance, the next target to watch would be around $166.57. Reaching and staying above this level could be the boost Solana needs to confirm its bullish stance in the market. Conversely, if Solana cannot gather the strength to climb over this resistance, it may retest the waters around the $138.69 support level.
#Write2Earrn #SolanaInvesting #BullorBear
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Shiba Inu Joins CDSA to Battle AI-Driven Concerns Using Shibarium -
Shiba Inu is the first layer 2 blockchain to join the media and entertainment association to develop blockchain technology for content security and distribution.
Shiba Inu is partnering with the Content Distribution and Security Association (CDSA) to propose and develop blockchain technology for media and entertainment, with a focus on security and content distribution.
The collaboration aims to use blockchain technology to address concerns in the AI sector, such as deepfakes and plagiarism.
Shiba Inu developers will propose and develop blockchain technology specific to media and entertainment, such as security and content distribution. CDSA is an international nonprofit organization that was founded in 1998 to provide best practices for the delivery and storage of entertainment, software and information technology.
Blockchains could help alleviate concerns around deepfakes and plagiarism within the emergent artificial intelligence (AI) sector, Shiba Inu developers said in the release Most AI models are trained on publicly available content, creating a cause of concern among researchers.
$SHIB #Memecoins #BullorBear #Write2Earrn #crypto #CryptocurrencyAlert
Shiba Inu is the first layer 2 blockchain to join the media and entertainment association to develop blockchain technology for content security and distribution.
Shiba Inu is partnering with the Content Distribution and Security Association (CDSA) to propose and develop blockchain technology for media and entertainment, with a focus on security and content distribution.
The collaboration aims to use blockchain technology to address concerns in the AI sector, such as deepfakes and plagiarism.
Shiba Inu developers will propose and develop blockchain technology specific to media and entertainment, such as security and content distribution. CDSA is an international nonprofit organization that was founded in 1998 to provide best practices for the delivery and storage of entertainment, software and information technology.
Blockchains could help alleviate concerns around deepfakes and plagiarism within the emergent artificial intelligence (AI) sector, Shiba Inu developers said in the release Most AI models are trained on publicly available content, creating a cause of concern among researchers.
$SHIB #Memecoins #BullorBear #Write2Earrn #crypto #CryptocurrencyAlert
Bitcoin Price Signals Bearish Continuation, Why BTC Could Drop Below $60K
Bitcoin price started a fresh decline from the $62,000 resistance zone. BTC is declining and remains at a risk of more losses below the $60,000 level.
Bitcoin started a fresh decline after it failed near $62,000.The price is trading below $61,000 and the 100 hourly Simple moving average.There was a break below a bearish flag pattern with support near $60,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could gain bearish momentum if there is a close below the $60,000 level.
Bitcoin Price Signals Breakdown
Bitcoin price found support near the $60,250 zone and started a recovery wave. BTC was able to recover above the 23.6% Fib retracement level of the downward move from the $63,217 swing high to the $60,250 low.
However, the bears were active near the $61,800 resistance zone. They defended the 50% Fib retracement level of the downward move from the $63,217 swing high to the $60,250 low. There was a fresh bearish reaction below the $61,200 support zone.
There was a break below a bearish flag pattern with support near $60,950 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $61,000 and the 100 hourly Simple moving average.
Immediate resistance is near the $61,200 level. The first major resistance could be $62,000 or the 100 hourly Simple moving average. The next key resistance could be $62,500. A clear move above the $62,500 resistance might send the price higher.
The main resistance now sits at $63,500. If there is a close above the $63,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $65,000.
More Downsides In BTC?
If Bitcoin fails to climb above the $61,200 resistance zone, it could continue to move down. Immediate support on the downside is near the $60,500 level.
The first major support is $60,000. If there is a close below $60,000, the price could start to drop toward $58,500. Any more losses might send the price toward the $56,650 support zone in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $60,500, followed by $60,000.
Major Resistance Levels – $61,200, $62,200, and $62,500.
#write2earnonbinancesquare #write2earn🌐💹
$BTC
#ETFvsBTC #BitcoinAwareness #bitcoin
Bitcoin started a fresh decline after it failed near $62,000.The price is trading below $61,000 and the 100 hourly Simple moving average.There was a break below a bearish flag pattern with support near $60,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could gain bearish momentum if there is a close below the $60,000 level.
Bitcoin Price Signals Breakdown
Bitcoin price found support near the $60,250 zone and started a recovery wave. BTC was able to recover above the 23.6% Fib retracement level of the downward move from the $63,217 swing high to the $60,250 low.
However, the bears were active near the $61,800 resistance zone. They defended the 50% Fib retracement level of the downward move from the $63,217 swing high to the $60,250 low. There was a fresh bearish reaction below the $61,200 support zone.
There was a break below a bearish flag pattern with support near $60,950 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $61,000 and the 100 hourly Simple moving average.
Immediate resistance is near the $61,200 level. The first major resistance could be $62,000 or the 100 hourly Simple moving average. The next key resistance could be $62,500. A clear move above the $62,500 resistance might send the price higher.
The main resistance now sits at $63,500. If there is a close above the $63,500 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $65,000.
More Downsides In BTC?
If Bitcoin fails to climb above the $61,200 resistance zone, it could continue to move down. Immediate support on the downside is near the $60,500 level.
The first major support is $60,000. If there is a close below $60,000, the price could start to drop toward $58,500. Any more losses might send the price toward the $56,650 support zone in the near term.
Technical indicators:
Hourly MACD – The MACD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.
Major Support Levels – $60,500, followed by $60,000.
Major Resistance Levels – $61,200, $62,200, and $62,500.
#write2earnonbinancesquare #write2earn🌐💹
$BTC
#ETFvsBTC #BitcoinAwareness #bitcoin
Ethereum Price Fluctuations Examined :
Recently, Ethereum (ETH) witnessed a price drop below $3,000, aligning its movement with other alternative cryptocurrencies in the market. Despite this downturn, the overall market sentiment remains optimistic, with potential breakthroughs on the horizon continuing to pique investor interest. This analysis delves into Ethereum’s current market dynamics and evaluates scenarios for its future price trajectory.
Analyzing Ethereum’s Recent Downtrend
Ethereum’s trading patterns suggest a temporary stabilization, as indicated by a pause in ETH outflows from exchanges in the last 24 hours. Historical trends show that such periods are often followed by significant price movements, either upward or downward. The current situation might allow Ethereum to reestablish the $3,000 level as a foundational support if bullish momentum resumes.
Forecasting the Rebound Potential
The Market Value to Realized Value (MVRV) ratio, a metric to gauge market profit and loss, currently stands at -8% for Ethereum. This level suggests that many investors are at a loss, potentially setting the stage for a buying spree. Historical data supports this, as recoveries often occur when MVRV is between -4% and -10%, indicating a possible accumulation phase ahead.
Ethereum’s price stabilization at current levels could attract buying interest.The MVRV ratio suggests a prevalent investor loss, historically associated with subsequent price recoveries.A break above the $3,000 resistance could trigger a 27% price surge, potentially revisiting the $4,000 mark.
In light of these observations, Ethereum appears to be at a critical juncture. Its ability to maintain support around $2,985 and possibly rebound from this base could determine its short-term market position. The potential for a significant rally exists if it breaks past the current resistance, with targets as high as $4,000. Conversely, a failure to hold support could see its value slip further, testing lower thresholds near $2,740.
Thus, both current Ethereum holders and prospective investors should closely monitor these developments, as the upcoming days could be crucial in setting the tone for Ethereum’s market performance in the near future.
$ETH #write2earnonbinancesquare #ethurum #Write2Earn
Analyzing Ethereum’s Recent Downtrend
Ethereum’s trading patterns suggest a temporary stabilization, as indicated by a pause in ETH outflows from exchanges in the last 24 hours. Historical trends show that such periods are often followed by significant price movements, either upward or downward. The current situation might allow Ethereum to reestablish the $3,000 level as a foundational support if bullish momentum resumes.
Forecasting the Rebound Potential
The Market Value to Realized Value (MVRV) ratio, a metric to gauge market profit and loss, currently stands at -8% for Ethereum. This level suggests that many investors are at a loss, potentially setting the stage for a buying spree. Historical data supports this, as recoveries often occur when MVRV is between -4% and -10%, indicating a possible accumulation phase ahead.
Ethereum’s price stabilization at current levels could attract buying interest.The MVRV ratio suggests a prevalent investor loss, historically associated with subsequent price recoveries.A break above the $3,000 resistance could trigger a 27% price surge, potentially revisiting the $4,000 mark.
In light of these observations, Ethereum appears to be at a critical juncture. Its ability to maintain support around $2,985 and possibly rebound from this base could determine its short-term market position. The potential for a significant rally exists if it breaks past the current resistance, with targets as high as $4,000. Conversely, a failure to hold support could see its value slip further, testing lower thresholds near $2,740.
Thus, both current Ethereum holders and prospective investors should closely monitor these developments, as the upcoming days could be crucial in setting the tone for Ethereum’s market performance in the near future.
$ETH #write2earnonbinancesquare #ethurum #Write2Earn
Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst
$ETH
A widely followed crypto strategist says that Ethereum (ETH) is likely gearing up for a big upside move as the leading smart contract platform shows “serious strength” in the charts.
Pseudonymous analyst and trader Bluntz tells his 257,000 followers on the social media platform X that ETH is looking strong both in its USD and Bitcoin (ETH/BTC) pairs.
Bluntz is a known practitioner of Elliot Wave Theory, an approach to technical Analysis that states corrections often happen in three parts, or “A-B-C” waves. According to his chart, Bluntz is suggesting that Ethereum completed its three-wave correction when it hit $2,800 and is likely beginning a new leg of its bull run.
The trader’s chart also suggests that there is now a bullish divergence between ETH/BTC’s price action and its relative strength index (RSI), a momentum indicator. A bullish divergence signals the possibility of a trend reversal as it indicates that an asset’s momentum is on the up and up while price continues to move down or sideways.
At time of writing, Ethereum is trading at $3,183, down over 3% in the last 24 hours.
Bluntz also has his eye on an under-the-radar, lower market-cap altcoin that he says just flashed a rare bullish signal.
The trader says Helium (HNT), a Solana-based Internet of things-focused blockchain project, has likely bottomed out while showing a bullish divergence with its RSI.
“Very nice bullish divergence on HNT here after sweeping both a major range high and now range low, in fact the first one it’s had since 2022.
#written2earn #ethurum #ether
$ETH
A widely followed crypto strategist says that Ethereum (ETH) is likely gearing up for a big upside move as the leading smart contract platform shows “serious strength” in the charts.
Pseudonymous analyst and trader Bluntz tells his 257,000 followers on the social media platform X that ETH is looking strong both in its USD and Bitcoin (ETH/BTC) pairs.
Bluntz is a known practitioner of Elliot Wave Theory, an approach to technical Analysis that states corrections often happen in three parts, or “A-B-C” waves. According to his chart, Bluntz is suggesting that Ethereum completed its three-wave correction when it hit $2,800 and is likely beginning a new leg of its bull run.
The trader’s chart also suggests that there is now a bullish divergence between ETH/BTC’s price action and its relative strength index (RSI), a momentum indicator. A bullish divergence signals the possibility of a trend reversal as it indicates that an asset’s momentum is on the up and up while price continues to move down or sideways.
At time of writing, Ethereum is trading at $3,183, down over 3% in the last 24 hours.
Bluntz also has his eye on an under-the-radar, lower market-cap altcoin that he says just flashed a rare bullish signal.
The trader says Helium (HNT), a Solana-based Internet of things-focused blockchain project, has likely bottomed out while showing a bullish divergence with its RSI.
“Very nice bullish divergence on HNT here after sweeping both a major range high and now range low, in fact the first one it’s had since 2022.
#written2earn #ethurum #ether
Top Cryptos to Watch in May 2024 : part - 4
#3 MATIC (Polygon)
Current Price: $0.72
Performance Last Week: +1%
MATIC, now rebranded as Polygon, has garnered attention for its role in addressing scalability issues on the Ethereum network. With its Layer 2 solutions gaining traction, MATIC has enjoyed a steady uptrend in recent months. While its performance over the past week has been relatively modest, MATIC's underlying technology and strategic partnerships position it as a cryptocurrency to watch closely in May 2024.
#Polygen #Write2Earrn $POLYX
#3 MATIC (Polygon)
Current Price: $0.72
Performance Last Week: +1%
MATIC, now rebranded as Polygon, has garnered attention for its role in addressing scalability issues on the Ethereum network. With its Layer 2 solutions gaining traction, MATIC has enjoyed a steady uptrend in recent months. While its performance over the past week has been relatively modest, MATIC's underlying technology and strategic partnerships position it as a cryptocurrency to watch closely in May 2024.
#Polygen #Write2Earrn $POLYX
Top Cryptos to Watch in May 2024 : part - 3
#2 Solana (SOL)
Current Price: $138
Performance Last Week: -8%
Solana has emerged as a formidable competitor in the blockchain space, boasting high throughput and low transaction fees. Despite a recent pullback in its price, Solana's fundamentals remain strong, with growing adoption and a vibrant ecosystem supporting its long-term potential. As it adjusts following significant gains, Solana presents an intriguing opportunity for investors seeking exposure to promising altcoins.
$SOL #Write2Earrn #Solanawallet
#2 Solana (SOL)
Current Price: $138
Performance Last Week: -8%
Solana has emerged as a formidable competitor in the blockchain space, boasting high throughput and low transaction fees. Despite a recent pullback in its price, Solana's fundamentals remain strong, with growing adoption and a vibrant ecosystem supporting its long-term potential. As it adjusts following significant gains, Solana presents an intriguing opportunity for investors seeking exposure to promising altcoins.
$SOL #Write2Earrn #Solanawallet
Top Cryptos to Watch in May 2024 : part - 2
#1 Bitcoin (BTC)
Current Price: $63,260
Performance Last Week: -3%
Despite recent price fluctuations, Bitcoin maintains its position as the flagship cryptocurrency, with a market dominance that continues to influence the broader market trends. While its performance over the past week has dipped slightly, Bitcoin remains a bellwether for the crypto market as a whole, making it a crucial asset to watch in May 2024.#BullorBear $BTC #Write2Earrn #BitcoinAwareness
#1 Bitcoin (BTC)
Current Price: $63,260
Performance Last Week: -3%
Despite recent price fluctuations, Bitcoin maintains its position as the flagship cryptocurrency, with a market dominance that continues to influence the broader market trends. While its performance over the past week has dipped slightly, Bitcoin remains a bellwether for the crypto market as a whole, making it a crucial asset to watch in May 2024.#BullorBear $BTC #Write2Earrn #BitcoinAwareness
Top Cryptos to Watch in May 2024 : part - 1
Are Cryptos Up in 2024?
Indeed, the crypto market has witnessed a significant uptrend since the dawn of 2024, with notable gains across various digital assets. Despite periodic bouts of volatility, both Bitcoin and numerous altcoins have delivered substantial returns to investors. However, recent price stagnation has led some to question whether this upward momentum will persist or if a market correction is imminent.
Will Crypto Crash?
The specter of a crypto crash is ever-present, as the market remains susceptible to sudden downturns and sharp corrections. It's crucial for investors to remain vigilant and monitor key support levels, which serve as critical indicators of market sentiment and potential price movements. For example, Bitcoin's pivotal $60,000 price mark looms large as a key level to watch; a breach below this threshold could signal further downward pressure on prices. However, it's essential to recognize that fakeouts, where prices briefly breach support levels before reversing course, are not uncommon in the crypto market, underscoring the need for careful analysis and risk management.
#Write2Earrn #crypto #CryptocurrencyAlert
Are Cryptos Up in 2024?
Indeed, the crypto market has witnessed a significant uptrend since the dawn of 2024, with notable gains across various digital assets. Despite periodic bouts of volatility, both Bitcoin and numerous altcoins have delivered substantial returns to investors. However, recent price stagnation has led some to question whether this upward momentum will persist or if a market correction is imminent.
Will Crypto Crash?
The specter of a crypto crash is ever-present, as the market remains susceptible to sudden downturns and sharp corrections. It's crucial for investors to remain vigilant and monitor key support levels, which serve as critical indicators of market sentiment and potential price movements. For example, Bitcoin's pivotal $60,000 price mark looms large as a key level to watch; a breach below this threshold could signal further downward pressure on prices. However, it's essential to recognize that fakeouts, where prices briefly breach support levels before reversing course, are not uncommon in the crypto market, underscoring the need for careful analysis and risk management.
#Write2Earrn #crypto #CryptocurrencyAlert
Binance Chain sees revenue jump 70%: Will it push BNB higher?
BNB does well
However, despite facing these issues, the BNB network continued to show growth. In the first quarter of 2024, the network saw a massive increase in revenue, totaling $66.8 million, marking a significant 70% rise from the previous quarter’s revenue of $39.2 million.
Q1 of 2024 outperformed any quarter in 2023 in terms of revenue generation. However, this surge in revenue was largely driven by the appreciation in the value of BNB.
Gas fees from DeFi transactions remained the primary source of revenue, contributing 76,200 BNB, a 1.7% increase from the previous quarter.
DeFi transactions accounted for 46% of total revenue. Notably, stablecoins experienced the largest QoQ revenue growth, climbing from 19,500 to 25,100 BNB, a 29% increase.
Conversely, the Gaming and Infrastructure categories saw significant declines in revenue.
In terms of overall activity, a 9% decrease in average daily transactions from Q4 was seen. Average daily active addresses also witnessed a significant 26% increase from 1.0 million to 1.3 million.
Additionally, several protocols on the BNB Smart Chain experienced upticks in average daily transactions. USDT emerged as one of the stablecoins with 619,300 daily transactions, up 22% from the previous quarter.
It nearly doubled the transactions of the second-ranking protocol, PancakeSwap, which averaged 345,200 daily transactions and was up by 4%.
USDT and PancakeSwap accounted for 74% of protocol transactions, a 10% increase from the previous quarter. Overall, daily average transactions involving protocols increased by 5% from 1.2 million to 1.3 million.
Appetite for short positions grows
At press time, BNB was trading at $607.05 and its price had declined by 1.41% in the last 24 hours. Additionally, the volume at which BNB was trading at had also fallen by 9% during this period.
Despite the positive performance showed by the BNB network, the trader sentiment around the BNB token remained cynical. Over the past few days, an overwhelming majority of traders decided to short the BNB token.
Percentage of short positions around BNB had grown to 52%. It remains to be seen whether the bears turn out to be right about BNB’s future.
#Write2Earrn $BNB
However, despite facing these issues, the BNB network continued to show growth. In the first quarter of 2024, the network saw a massive increase in revenue, totaling $66.8 million, marking a significant 70% rise from the previous quarter’s revenue of $39.2 million.
Q1 of 2024 outperformed any quarter in 2023 in terms of revenue generation. However, this surge in revenue was largely driven by the appreciation in the value of BNB.
Gas fees from DeFi transactions remained the primary source of revenue, contributing 76,200 BNB, a 1.7% increase from the previous quarter.
DeFi transactions accounted for 46% of total revenue. Notably, stablecoins experienced the largest QoQ revenue growth, climbing from 19,500 to 25,100 BNB, a 29% increase.
Conversely, the Gaming and Infrastructure categories saw significant declines in revenue.
In terms of overall activity, a 9% decrease in average daily transactions from Q4 was seen. Average daily active addresses also witnessed a significant 26% increase from 1.0 million to 1.3 million.
Additionally, several protocols on the BNB Smart Chain experienced upticks in average daily transactions. USDT emerged as one of the stablecoins with 619,300 daily transactions, up 22% from the previous quarter.
It nearly doubled the transactions of the second-ranking protocol, PancakeSwap, which averaged 345,200 daily transactions and was up by 4%.
USDT and PancakeSwap accounted for 74% of protocol transactions, a 10% increase from the previous quarter. Overall, daily average transactions involving protocols increased by 5% from 1.2 million to 1.3 million.
Appetite for short positions grows
At press time, BNB was trading at $607.05 and its price had declined by 1.41% in the last 24 hours. Additionally, the volume at which BNB was trading at had also fallen by 9% during this period.
Despite the positive performance showed by the BNB network, the trader sentiment around the BNB token remained cynical. Over the past few days, an overwhelming majority of traders decided to short the BNB token.
Percentage of short positions around BNB had grown to 52%. It remains to be seen whether the bears turn out to be right about BNB’s future.
#Write2Earrn $BNB
Bharat Web3 Association Suggests Action Plan to Empower the Web3 Sector
India’s trillion-dollar opportunity in the Web3 space.
BWA highlights that India is one of the world’s largest ecosystems, with over 1,000 Web3 firms. In 2023, it accounted for 12% of all Web 3 developers worldwide, up from 3% in 2018. In order to capitalize on this enormous potential, the government ought to launch targeted training initiatives to improve proficiency with blockchain and web3.
India can establish regulatory sandboxes to support blockchain and crypto start-ups that encourage innovation. Enable Virtual Asset Service Providers (VASPs) to fulfill their obligations under the Prevention of Money Laundering Act, 2002 (PMLA) and conduct the necessary KYC-related compliances by making E-KYC/C-KYC accessible to them. Additionally, expedite the customer onboarding process on our platforms.
#Write2Earrn #BullorBear #India'sGDP
India’s trillion-dollar opportunity in the Web3 space.
BWA highlights that India is one of the world’s largest ecosystems, with over 1,000 Web3 firms. In 2023, it accounted for 12% of all Web 3 developers worldwide, up from 3% in 2018. In order to capitalize on this enormous potential, the government ought to launch targeted training initiatives to improve proficiency with blockchain and web3.
India can establish regulatory sandboxes to support blockchain and crypto start-ups that encourage innovation. Enable Virtual Asset Service Providers (VASPs) to fulfill their obligations under the Prevention of Money Laundering Act, 2002 (PMLA) and conduct the necessary KYC-related compliances by making E-KYC/C-KYC accessible to them. Additionally, expedite the customer onboarding process on our platforms.
#Write2Earrn #BullorBear #India'sGDP
$BTC A recent report by the International Monetary Fund (IMF) has highlighted Bitcoin’s increasing role as a key financial tool, especially in regions facing economic distress or strict capital controls.
Many users in these regions turn to Bitcoin to move capital across borders more freely. The report mentioned that off-chain cross-border flows seem correlated with incentives to avoid capital flow restrictions, indicating that residents of countries like Argentina and Venezuela, which face hyperinflation and strict financial controls, are finding value in Bitcoin as a necessary financial tool.
Why Bitcoin for Cross-Border Flows?
Why Bitcoin? Because Bitcoin’s decentralized nature allows it to bypass traditional banking systems, making it a popular choice for residents of countries with restrictive financial regulations.
The report delves into on-chain and off-chain transaction data to explore trends behind Bitcoin’s cross-border usage. It indicates that Bitcoin transactions show unique characteristics compared to traditional capital flows.
On-chain Bitcoin transactions, recorded on the blockchain and offering more security, tend to be larger than off-chain transactions.
Cautions and Calls for Regulatory Oversight
While the report acknowledges the benefits of Bitcoin in enabling cross-border transactions, it also cautions against the potential risks associated with its widespread use. The anonymity and lack of oversight provided by cryptocurrencies can complicate efforts to monitor and control financial transactions to prevent illicit activities such as money laundering.
The IMF has emphasized in its report, the need for international cooperation and regulatory frameworks that encompass the unique aspects of digital assets. This would help mitigate the risks while allowing countries with restrictive financial environments to harness the benefits of digital currencies.IMF Acknowledges Bitcoin’s Role in Cross-Border Financial Flows Amid Global Instability
#Write2Earrn #BitcoinAwareness
Many users in these regions turn to Bitcoin to move capital across borders more freely. The report mentioned that off-chain cross-border flows seem correlated with incentives to avoid capital flow restrictions, indicating that residents of countries like Argentina and Venezuela, which face hyperinflation and strict financial controls, are finding value in Bitcoin as a necessary financial tool.
Why Bitcoin for Cross-Border Flows?
Why Bitcoin? Because Bitcoin’s decentralized nature allows it to bypass traditional banking systems, making it a popular choice for residents of countries with restrictive financial regulations.
The report delves into on-chain and off-chain transaction data to explore trends behind Bitcoin’s cross-border usage. It indicates that Bitcoin transactions show unique characteristics compared to traditional capital flows.
On-chain Bitcoin transactions, recorded on the blockchain and offering more security, tend to be larger than off-chain transactions.
Cautions and Calls for Regulatory Oversight
While the report acknowledges the benefits of Bitcoin in enabling cross-border transactions, it also cautions against the potential risks associated with its widespread use. The anonymity and lack of oversight provided by cryptocurrencies can complicate efforts to monitor and control financial transactions to prevent illicit activities such as money laundering.
The IMF has emphasized in its report, the need for international cooperation and regulatory frameworks that encompass the unique aspects of digital assets. This would help mitigate the risks while allowing countries with restrictive financial environments to harness the benefits of digital currencies.IMF Acknowledges Bitcoin’s Role in Cross-Border Financial Flows Amid Global Instability
#Write2Earrn #BitcoinAwareness
$XRP on fire.
XRP has caught a gust lifting it an impressive 26% higher. In just the last 24 hours, it has racked up a 12.5% gain, and over recent days, we have seen it almost hit a 30% recovery. Considering XRP's dull performance in 2024, such a strong surge in bullish volatility is a sign of strength.
But let's break it down. What does this surge really mean for XRP? It is a signal that bulls might be taking the reins back from bears. If XRP can keep up this pace, it might just leap over the $0.5997 resistance level, which is where it stumbled before. Getting past that would be like a high jumper clearing the bar; it shows strength and sets the stage for the next leap.
For XRP, the landing spot to watch is the $0.5561 support level. Staying above that is key because if it slips below, it could mean the surge was just an accident. But in case of a controlled and slow recovery, the price may stabilize and gain a foothold above crucial price levels.
The market is known for its surprises, and XRP's recent sprint is no exception. Will XRP's bounce turn into a full-on bullish breakout, or is it just catching its breath before another dash? Only time will tell, but for now, XRP is showing it's still got some strength left in it, despite all the issues we saw previously.
#Write2Earrn #Memecoins #BullorBear #xrp
XRP has caught a gust lifting it an impressive 26% higher. In just the last 24 hours, it has racked up a 12.5% gain, and over recent days, we have seen it almost hit a 30% recovery. Considering XRP's dull performance in 2024, such a strong surge in bullish volatility is a sign of strength.
But let's break it down. What does this surge really mean for XRP? It is a signal that bulls might be taking the reins back from bears. If XRP can keep up this pace, it might just leap over the $0.5997 resistance level, which is where it stumbled before. Getting past that would be like a high jumper clearing the bar; it shows strength and sets the stage for the next leap.
For XRP, the landing spot to watch is the $0.5561 support level. Staying above that is key because if it slips below, it could mean the surge was just an accident. But in case of a controlled and slow recovery, the price may stabilize and gain a foothold above crucial price levels.
The market is known for its surprises, and XRP's recent sprint is no exception. Will XRP's bounce turn into a full-on bullish breakout, or is it just catching its breath before another dash? Only time will tell, but for now, XRP is showing it's still got some strength left in it, despite all the issues we saw previously.
#Write2Earrn #Memecoins #BullorBear #xrp
Shiba Inu $SHIB on Verge of Massive Breakthrough.
Interesting and exciting times are here for Shiba Inu. It has come up against the 50-day exponential moving average, which now acts as a barrier between the bullish and bearish state of the meme asset. SHIB might just be gearing up for a substantial surge in price, a push that could light up the meme coin sector with bullish energy.
Why does this 50 EMA matter so much? Getting past it could mean SHIB is picking up speed, ready to leave the pack behind. It is possible that SHIB could soar above the $0.00003 mark if it breaks through this resistance. Hitting this number would be a clear signal: Bulls are back in town, ready to run.
However, SHIB's journey has not been all smooth sailing. Recently, it took a massive hit, retracing from $0.000045. Now, here it is again, facing off with the 50 EMA. If SHIB can leap over this obstacle, it is not just about higher prices; it's about the momentum and conviction of investors on the market.
If SHIB makes this breakthrough after all, the next big challenge will be to stick the landing above that crucial $0.00003 level. That is the zone where the crowd will really start cheering. But if SHIB stumbles and the price dips, it could see a slide back down to $0.000022. That would be a tough break.
#BullorBear #Memecoins #SHİB #Write2Earrn
Interesting and exciting times are here for Shiba Inu. It has come up against the 50-day exponential moving average, which now acts as a barrier between the bullish and bearish state of the meme asset. SHIB might just be gearing up for a substantial surge in price, a push that could light up the meme coin sector with bullish energy.
Why does this 50 EMA matter so much? Getting past it could mean SHIB is picking up speed, ready to leave the pack behind. It is possible that SHIB could soar above the $0.00003 mark if it breaks through this resistance. Hitting this number would be a clear signal: Bulls are back in town, ready to run.
However, SHIB's journey has not been all smooth sailing. Recently, it took a massive hit, retracing from $0.000045. Now, here it is again, facing off with the 50 EMA. If SHIB can leap over this obstacle, it is not just about higher prices; it's about the momentum and conviction of investors on the market.
If SHIB makes this breakthrough after all, the next big challenge will be to stick the landing above that crucial $0.00003 level. That is the zone where the crowd will really start cheering. But if SHIB stumbles and the price dips, it could see a slide back down to $0.000022. That would be a tough break.
#BullorBear #Memecoins #SHİB #Write2Earrn
$BTC #USDTQuickGrab #BTCHalvingApril2024 #BitcoinAwareness
As the countdown to the highly anticipated Bitcoin halving event inches closer, Tether, the prominent issuer of USDT, has made a notable move by minting an additional one billion USDT on the Ethereum network. This maneuver by Tether comes at a crucial point, with the Bitcoin halving set to occur in mere hours, now less than 100 blocks away.
The minting of one billion USDT has sparked widespread interest and speculation within the crypto community, raising questions about its potential impact on the market dynamics leading up to and following the historic Bitcoin halving.
Paolo Ardoino, CEO of Tether, shed some light on the matter, revealing that while the transaction has been authorized, the newly infused USDT is pending issuance, earmarked for future inventory and chain swaps on the Ethereum Network.
This move by Tether comes amid heightened activity, with USDT's market capitalization already surpassing $109.55 billion, solidifying its position as the third-largest asset on the crypto market. The injection of additional USDT is expected to further bolster liquidity, potentially influencing trading dynamics in the run-up to the Bitcoin halving event.
$BTC #Write2Earrn
As the countdown to the highly anticipated Bitcoin halving event inches closer, Tether, the prominent issuer of USDT, has made a notable move by minting an additional one billion USDT on the Ethereum network. This maneuver by Tether comes at a crucial point, with the Bitcoin halving set to occur in mere hours, now less than 100 blocks away.
The minting of one billion USDT has sparked widespread interest and speculation within the crypto community, raising questions about its potential impact on the market dynamics leading up to and following the historic Bitcoin halving.
Paolo Ardoino, CEO of Tether, shed some light on the matter, revealing that while the transaction has been authorized, the newly infused USDT is pending issuance, earmarked for future inventory and chain swaps on the Ethereum Network.
This move by Tether comes amid heightened activity, with USDT's market capitalization already surpassing $109.55 billion, solidifying its position as the third-largest asset on the crypto market. The injection of additional USDT is expected to further bolster liquidity, potentially influencing trading dynamics in the run-up to the Bitcoin halving event.
$BTC #Write2Earrn
Best Cryptocurrency Picks to Save Your Finance for an Uncertain Tomorrow (part-3)
Aptos $APT Price Fluctuations and Forecast
Aptos (APT) recently experienced a significant decline, with its price dropping over 29% in the last week and 36% in the past month. Despite this, the coin has grown by approximately 93% over the past six months. APT’s price fluctuates between $6.03 and $13.79, and the recent price movements appear to be a corrective phase following an earlier uptrend.
Looking forward, APT could potentially rebound, although it faces some hurdles. The price currently sits above its 10-day average of $9.48 but below the 100-day average of $10.33, indicating investor uncertainty. If investor sentiment improves, the resistance level at $17.98 might be challenged. Conversely, further declines could push the price down to or even test the support level at $2.46. The RSI is moderate, suggesting there is potential for movement in either direction.
#Write2Earrn #BullorBear #aptos/usdt
Aptos $APT Price Fluctuations and Forecast
Aptos (APT) recently experienced a significant decline, with its price dropping over 29% in the last week and 36% in the past month. Despite this, the coin has grown by approximately 93% over the past six months. APT’s price fluctuates between $6.03 and $13.79, and the recent price movements appear to be a corrective phase following an earlier uptrend.
Looking forward, APT could potentially rebound, although it faces some hurdles. The price currently sits above its 10-day average of $9.48 but below the 100-day average of $10.33, indicating investor uncertainty. If investor sentiment improves, the resistance level at $17.98 might be challenged. Conversely, further declines could push the price down to or even test the support level at $2.46. The RSI is moderate, suggesting there is potential for movement in either direction.
#Write2Earrn #BullorBear #aptos/usdt
#Best Cryptocurrency Picks to Save Your Finance for an Uncertain Tomorrow (part-2)
Solana Crypto Price Trends and Stability
Currently, Solana’s price oscillates between $118.70 and $184.63. Over the last week, SOL has seen a decrease of approximately 14.68%, with a slightly greater monthly fall of 16.74%. In contrast, a review of the past six months reveals an impressive growth of 539.46%. SOL’s price patterns exhibit a combination of volatile swings and stabilizing adjustments. The recent movements indicate a pullback from its peak values.
Predictions for SOL’s price must account for the recent downturn alongside the significant rise experienced in the prior six months. With an upcoming resistance level at $217.68, there is potential for upward movement if market conditions are favorable. However, maintaining above the support level of $85.82 is crucial for sustaining its upward trajectory. The mixed signals from technical indicators, such as the RSI and Stochastic point to moderate momentum. Moreover, the moving averages suggest a stable market view. It’s potentially leading to a period of consolidation before any major price changes occur.
$SOL #bitcoinhalving #CryptocurrencyAlert #Write2Earrn
Solana Crypto Price Trends and Stability
Currently, Solana’s price oscillates between $118.70 and $184.63. Over the last week, SOL has seen a decrease of approximately 14.68%, with a slightly greater monthly fall of 16.74%. In contrast, a review of the past six months reveals an impressive growth of 539.46%. SOL’s price patterns exhibit a combination of volatile swings and stabilizing adjustments. The recent movements indicate a pullback from its peak values.
Predictions for SOL’s price must account for the recent downturn alongside the significant rise experienced in the prior six months. With an upcoming resistance level at $217.68, there is potential for upward movement if market conditions are favorable. However, maintaining above the support level of $85.82 is crucial for sustaining its upward trajectory. The mixed signals from technical indicators, such as the RSI and Stochastic point to moderate momentum. Moreover, the moving averages suggest a stable market view. It’s potentially leading to a period of consolidation before any major price changes occur.
$SOL #bitcoinhalving #CryptocurrencyAlert #Write2Earrn
Best Cryptocurrency Picks to Save Your Finance for an Uncertain Tomorrow (Part-1)
Ethereum Price Analysis: Gradual Rise Amid Caution
Ethereum has been fluctuating within a broad range from approximately $2,771 to $3,638 lately. This past week, the cryptocurrency experienced a decline of about 5.92%, with a larger drop of 13.19% over the past month. However, it has still managed to increase significantly, by over 100%, in the last six months. The recent price trends appear to be a correction following a period of substantial gains.
Looking forward, Ethereum presents prospects for growth, potentially reaching the initial resistance level of around $4,117. However, a cautious approach is advisable. A more distant resistance goal could be near $4,983. Conversely, support might be found near $2,384 if the price declines. An additional safety net is at approximately $1,517. Current indicators like the RSI show robust price momentum. Yet, the high Stochastic value warns that Ethereum might be overbought, suggesting a potential retracement in price.
$ETH #BullorBear #Write2Earrn
Ethereum Price Analysis: Gradual Rise Amid Caution
Ethereum has been fluctuating within a broad range from approximately $2,771 to $3,638 lately. This past week, the cryptocurrency experienced a decline of about 5.92%, with a larger drop of 13.19% over the past month. However, it has still managed to increase significantly, by over 100%, in the last six months. The recent price trends appear to be a correction following a period of substantial gains.
Looking forward, Ethereum presents prospects for growth, potentially reaching the initial resistance level of around $4,117. However, a cautious approach is advisable. A more distant resistance goal could be near $4,983. Conversely, support might be found near $2,384 if the price declines. An additional safety net is at approximately $1,517. Current indicators like the RSI show robust price momentum. Yet, the high Stochastic value warns that Ethereum might be overbought, suggesting a potential retracement in price.
$ETH #BullorBear #Write2Earrn
What is Omni Network? Binance’s 52th Launchpool Project? #BullorBear #BinanceLaunchpool #OMNILAUNCHPOOL
The world of blockchain technology is constantly evolving, and Ethereum, a leading platform for decentralized applications (dApps), is no exception.
To address its scalability challenges, Ethereum is adopting rollup solutions – technologies that bundle transactions for faster processing outside the main chain.
However, this fragmentizes the ecosystem, as users and their assets become siloed across different rollups.
Enter Omni Network, a revolutionary layer 1 blockchain designed to bridge this gap. By acting as a central hub, Omni aims to connect all Ethereum rollups into a single, unified system. This fosters a more interconnected and efficient environment for developers and users alike.
The OMNI token serves several critical functions within the Omni Network ecosystem:
Governance: OMNI token holders have voting rights on proposals that shape the future of the network. These proposals can address protocol upgrades, fee structures, and integrations with other blockchains.
Staking: Users can stake their OMNI tokens to contribute to the security of the network and earn rewards in return. Staked OMNI, alongside restaked ETH, forms the foundation of the dual staking mechanism that safeguards the network.
The total supply of OMNI tokens is capped at 100,000,000. These tokens are strategically distributed to ensure a healthy and sustainable network ecosystem. Here’s a closer look at the allocation:
Private Sale Investors: 20.06%
Public Launch Allocation: 5.77%
Binance Launchpool: 3.50%
Team: 25.25% (with a vesting schedule)
Advisors: 3.25% (with a vesting schedule)
Ecosystem Fund: 29.50%
Community Fund: 12.67%
#Write2Earrn
The world of blockchain technology is constantly evolving, and Ethereum, a leading platform for decentralized applications (dApps), is no exception.
To address its scalability challenges, Ethereum is adopting rollup solutions – technologies that bundle transactions for faster processing outside the main chain.
However, this fragmentizes the ecosystem, as users and their assets become siloed across different rollups.
Enter Omni Network, a revolutionary layer 1 blockchain designed to bridge this gap. By acting as a central hub, Omni aims to connect all Ethereum rollups into a single, unified system. This fosters a more interconnected and efficient environment for developers and users alike.
The OMNI token serves several critical functions within the Omni Network ecosystem:
Governance: OMNI token holders have voting rights on proposals that shape the future of the network. These proposals can address protocol upgrades, fee structures, and integrations with other blockchains.
Staking: Users can stake their OMNI tokens to contribute to the security of the network and earn rewards in return. Staked OMNI, alongside restaked ETH, forms the foundation of the dual staking mechanism that safeguards the network.
The total supply of OMNI tokens is capped at 100,000,000. These tokens are strategically distributed to ensure a healthy and sustainable network ecosystem. Here’s a closer look at the allocation:
Private Sale Investors: 20.06%
Public Launch Allocation: 5.77%
Binance Launchpool: 3.50%
Team: 25.25% (with a vesting schedule)
Advisors: 3.25% (with a vesting schedule)
Ecosystem Fund: 29.50%
Community Fund: 12.67%
#Write2Earrn
#bitcoinhalving #BitcoinAwareness $BTC "Many will suffer": Charles Edwards on Bitcoin (BTC) halving
In general, the halving of miner rewards is great for Bitcoin (BTC) and the entire cryptocurrency segment in the long run. At the same time, its short term outcomes might be painful for some actors within the BTC ecosystem, Capriole Investments' founder Charles Edwards says on X.
The fourth Bitcoin (BTC) halving is expected to happen April 19, 2024, at about 1:53 p.m. UTC once the largest cryptocurrency reaches 840,000 block height.
The mining rewards will drop from 6.25 BTC per block to 3.125 BTC per block. As such, some miners with less energy-efficient hardware might go underwater in the next cycle.
Bitcoin's (BTC) halving mechanism is hard-coded into the tech design of the first cryptocurrency. It reduces BTC emission by half every 210,000 blocks or roughly once in four years.
#Write2Earrn
In general, the halving of miner rewards is great for Bitcoin (BTC) and the entire cryptocurrency segment in the long run. At the same time, its short term outcomes might be painful for some actors within the BTC ecosystem, Capriole Investments' founder Charles Edwards says on X.
The fourth Bitcoin (BTC) halving is expected to happen April 19, 2024, at about 1:53 p.m. UTC once the largest cryptocurrency reaches 840,000 block height.
The mining rewards will drop from 6.25 BTC per block to 3.125 BTC per block. As such, some miners with less energy-efficient hardware might go underwater in the next cycle.
Bitcoin's (BTC) halving mechanism is hard-coded into the tech design of the first cryptocurrency. It reduces BTC emission by half every 210,000 blocks or roughly once in four years.
#Write2Earrn