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🛑🛑🛑 Urgent update breaking news
🔴 Released now:
💎 America - 🇺🇸
⚪ The general budget of the federal treasury
▪️ Previous: 236.0B-
▪️ Estimate: 244.5B
▫️ Current: 210.0B
⬅️ Result: negative for the US dollar
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#BTC #US #USD #Dollar #ETH
🛑🛑🛑 Urgent update breaking news
🔴 Released now:
💎 America - 🇺🇸
⚪ The general budget of the federal treasury
▪️ Previous: 236.0B-
▪️ Estimate: 244.5B
▫️ Current: 210.0B
⬅️ Result: negative for the US dollar
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#BTC #US #USD #Dollar #ETH
$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news
🔴 American debt is now larger than the entire American economy.. 🇺🇸
• The US government will face a big problem, especially with interest payments on debt reaching $1 trillion.
🌟 Everyone realizes the danger of what is coming, except the economists in the United States who are still arrogant.. 🇺🇸
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#BTC #USA #USD #USDollarWarning #USDTScamAlert
🛑🛑🛑 Urgent update breaking news
🔴 American debt is now larger than the entire American economy.. 🇺🇸
• The US government will face a big problem, especially with interest payments on debt reaching $1 trillion.
🌟 Everyone realizes the danger of what is coming, except the economists in the United States who are still arrogant.. 🇺🇸
♥️ Thank you for Watching my Post ♥️
♥️You can support me with tips to provide better content♥️
#BTC #USA #USD #USDollarWarning #USDTScamAlert
$BTC $ETH $BNB
🛑🛑🛑 Urgent update breaking news
🔴The US dollar has lost 25% of its purchasing power since 2020.
• Every $1 you have from 2020 is now worth $0.75 in goods.
• With the rise in US debt and rising inflation, the US dollar will continue to lose its value.
⚠️ The best solution to protect your money now is to buy gold, silver, and real estate.
🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR
#BTC #USD #USA #BNB #ETH
🛑🛑🛑 Urgent update breaking news
🔴The US dollar has lost 25% of its purchasing power since 2020.
• Every $1 you have from 2020 is now worth $0.75 in goods.
• With the rise in US debt and rising inflation, the US dollar will continue to lose its value.
⚠️ The best solution to protect your money now is to buy gold, silver, and real estate.
🛑🛑🛑 Any news or information issued by me is not advice, so do not forget to use DYOR
#BTC #USD #USA #BNB #ETH
The US dollar is performing strongly due to higher inflation and economic activity, leading to expectations of more interest rate hikes by the Fed.
#USD #interestrates #Binance #crypto2023 #BTC
#USD #interestrates #Binance #crypto2023 #BTC
Binance.US USD Withdrawals Restored, But Major Changes Announced
#Binance US news Update:
Binance.US has restored #USD withdrawals after a temporary suspension due to "extreme market conditions." However, the exchange has also announced major changes to its operations in response to the incident.What Happened?
On June 13, 2023, Binance.US announced that it would be temporarily suspending USD withdrawals due to "extreme market conditions." The exchange said that its banking partners had indicated that they would be terminating their services with Binance.US, which made it impossible for the exchange to process USD withdrawals.
What's Changed?
Binance.US has restored USD withdrawals, but the exchange has also announced major changes to its operations. These changes include:
Binance.US will no longer offer fiat-to- #crypto trading pairs. This means that users will no longer be able to deposit USD into Binance.US and then trade it for cryptocurrencies.
Binance.US will be working with a new set of banking partners. These partners are more likely to support cryptocurrency businesses, and they are less likely to terminate their services with Binance.US in the future.
Binance.US will be increasing its compliance efforts. This includes working with regulators to ensure that it is in compliance with all applicable laws and regulations.
Why Did This Happen?
The Binance.US USD withdrawal incident was likely caused by a combination of factors, including the recent decline in the cryptocurrency market and the ongoing regulatory scrutiny of the cryptocurrency industry. The USDT depeg is a separate issue, but it is related to the Binance.US USD withdrawal incident. USDT is a stablecoin that is supposed to be pegged to the US dollar. However, on June 13, 2023, USDT briefly lost its peg to the US dollar, trading as low as $0.94. This was likely due to the uncertainty surrounding the Binance.US USD withdrawal incident.
What's Next?
It remains to be seen how the changes announced by Binance.US will impact the cryptocurrency market. However, the exchange has said that it is committed to providing its users with a secure and compliant platform to trade cryptocurrencies.
Is This a Good Time to Invest in Crypto?
The recent volatility in the cryptocurrency market has made it a challenging time to invest in crypto. However, long-term investors may still see this as an opportunity to buy into the market at a discounted price.
Conclusion
The Binance.US USD withdrawal incident and the USDT depeg have both had a negative impact on the cryptocurrency market. However, it is important to note that these are just two isolated incidents, and the overall cryptocurrency market is still growing. Investors who are considering investing in crypto should do their own research and understand the risks involved.
#opbnb #zachxbt
$BTC $SOL
$ETH
Binance.US has restored #USD withdrawals after a temporary suspension due to "extreme market conditions." However, the exchange has also announced major changes to its operations in response to the incident.What Happened?
On June 13, 2023, Binance.US announced that it would be temporarily suspending USD withdrawals due to "extreme market conditions." The exchange said that its banking partners had indicated that they would be terminating their services with Binance.US, which made it impossible for the exchange to process USD withdrawals.
What's Changed?
Binance.US has restored USD withdrawals, but the exchange has also announced major changes to its operations. These changes include:
Binance.US will no longer offer fiat-to- #crypto trading pairs. This means that users will no longer be able to deposit USD into Binance.US and then trade it for cryptocurrencies.
Binance.US will be working with a new set of banking partners. These partners are more likely to support cryptocurrency businesses, and they are less likely to terminate their services with Binance.US in the future.
Binance.US will be increasing its compliance efforts. This includes working with regulators to ensure that it is in compliance with all applicable laws and regulations.
Why Did This Happen?
The Binance.US USD withdrawal incident was likely caused by a combination of factors, including the recent decline in the cryptocurrency market and the ongoing regulatory scrutiny of the cryptocurrency industry. The USDT depeg is a separate issue, but it is related to the Binance.US USD withdrawal incident. USDT is a stablecoin that is supposed to be pegged to the US dollar. However, on June 13, 2023, USDT briefly lost its peg to the US dollar, trading as low as $0.94. This was likely due to the uncertainty surrounding the Binance.US USD withdrawal incident.
What's Next?
It remains to be seen how the changes announced by Binance.US will impact the cryptocurrency market. However, the exchange has said that it is committed to providing its users with a secure and compliant platform to trade cryptocurrencies.
Is This a Good Time to Invest in Crypto?
The recent volatility in the cryptocurrency market has made it a challenging time to invest in crypto. However, long-term investors may still see this as an opportunity to buy into the market at a discounted price.
Conclusion
The Binance.US USD withdrawal incident and the USDT depeg have both had a negative impact on the cryptocurrency market. However, it is important to note that these are just two isolated incidents, and the overall cryptocurrency market is still growing. Investors who are considering investing in crypto should do their own research and understand the risks involved.
#opbnb #zachxbt
$BTC $SOL
$ETH
Dollar index reached target zone. From here we have a situation where both scenarios have 50% chances to happen. So I won't push any of them as the main one.
🔸Bounce from that zone (which alone may take 2-3 weeks) will push #DollarIndex back to 2022 close where it will either breakout or pull back again as shown by the original drawing. During consolidation BTC can still grow, but during the bounce it will go into correction.
🔸Break through that support will result in #DXY dump towards 99.7 and maybe 98.3 - whatever will be the reasons for that #USD weakness it will be very bullish for risk assets.
🔸Bounce from that zone (which alone may take 2-3 weeks) will push #DollarIndex back to 2022 close where it will either breakout or pull back again as shown by the original drawing. During consolidation BTC can still grow, but during the bounce it will go into correction.
🔸Break through that support will result in #DXY dump towards 99.7 and maybe 98.3 - whatever will be the reasons for that #USD weakness it will be very bullish for risk assets.
The Collapse of Stablecoin Projects: Real USD Lost Investor’s $131,000 in a Single Transaction👇
On October 11, the cryptocurrency community was rattled by a crisis in the stablecoin sector. Real USD (USDR), a real estate-backed stablecoin project, took a serious hit, leading to the vanishing of an investor's $131,000 investment. This incident unfolded when the investor attempted to exchange their USDR tokens for USDC, and they did so at a time when the value of USDR had plummeted by approximately 50% due to liquidity issues.
While the investor faced significant losses, an arbitrage bot operating in the ecosystem capitalized on the situation, making an impressive $107,000 in profit. This occurrence illustrates the vulnerability of stablecoins and the substantial price swings that can occur when liquidity is compromised in DeFi protocols. Such situations often see arbitrage bots step in, adding a layer of complexity to the market.
This isn't the first time such a situation has arisen. In September 2022, an investor sold cUSDC worth $1.8 million through the Uniswap DEX V2 and received a mere $500 worth of assets in return. A robot known as MEV profited over $1 million in that instance. It's essential to emphasize that these incidents don't involve hacking attacks but rather weaknesses within the system.
In the aftermath of this crisis, USDR announced its withdrawal from the market. Despite corporate backing, only 15% of the $45 million company assets were allocated to support the token at its launch, with the rest backed by tokenized real estate assets.
These incidents serve as a stark reminder of the challenges and uncertainties that continue to surround the world of cryptocurrencies. While crypto offers exciting opportunities, it's vital for investors to remain informed and cautious. The stability of stablecoins may not always be as rock-solid as we hope. #cryptocurrency #crypto2023 #USD #opbnb #Layer2
On October 11, the cryptocurrency community was rattled by a crisis in the stablecoin sector. Real USD (USDR), a real estate-backed stablecoin project, took a serious hit, leading to the vanishing of an investor's $131,000 investment. This incident unfolded when the investor attempted to exchange their USDR tokens for USDC, and they did so at a time when the value of USDR had plummeted by approximately 50% due to liquidity issues.
While the investor faced significant losses, an arbitrage bot operating in the ecosystem capitalized on the situation, making an impressive $107,000 in profit. This occurrence illustrates the vulnerability of stablecoins and the substantial price swings that can occur when liquidity is compromised in DeFi protocols. Such situations often see arbitrage bots step in, adding a layer of complexity to the market.
This isn't the first time such a situation has arisen. In September 2022, an investor sold cUSDC worth $1.8 million through the Uniswap DEX V2 and received a mere $500 worth of assets in return. A robot known as MEV profited over $1 million in that instance. It's essential to emphasize that these incidents don't involve hacking attacks but rather weaknesses within the system.
In the aftermath of this crisis, USDR announced its withdrawal from the market. Despite corporate backing, only 15% of the $45 million company assets were allocated to support the token at its launch, with the rest backed by tokenized real estate assets.
These incidents serve as a stark reminder of the challenges and uncertainties that continue to surround the world of cryptocurrencies. While crypto offers exciting opportunities, it's vital for investors to remain informed and cautious. The stability of stablecoins may not always be as rock-solid as we hope. #cryptocurrency #crypto2023 #USD #opbnb #Layer2
US foreign currency debt ratings being downgraded, but the negative impact should not be long-lasting 🤨
To further ‘rub salt in the wound’, Fitch Ratings announced after the market-close that it has cut its long-term foreign-currency issuer rating on the US to AA+, stating “the repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management”. While the headlines sound ominous, we would caution against any over-reaction against the headlines, as the S&P’s last rating cut back in 2011 actually led to a drop in US yields and a rise in the USD as a counter-intuitive “flight to quality” reaction. We would be surprised to see any lingering and negative price impact on bond yields from this action alone.
#US #currency #debt #market #USD
To further ‘rub salt in the wound’, Fitch Ratings announced after the market-close that it has cut its long-term foreign-currency issuer rating on the US to AA+, stating “the repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management”. While the headlines sound ominous, we would caution against any over-reaction against the headlines, as the S&P’s last rating cut back in 2011 actually led to a drop in US yields and a rise in the USD as a counter-intuitive “flight to quality” reaction. We would be surprised to see any lingering and negative price impact on bond yields from this action alone.
#US #currency #debt #market #USD
BREAKING: PayPal Launches a Stablecoin for Payments and Transfers
#PayPal is launching its own #stablecoin option. PayPal is preparing to launch PayPal USD ( #PYUSD ).
PayPal USD (PYUSD) will be issued by #Paxos Trust Co. and will be fully backed by US dollar deposits, short-term treasury bonds and similar cash equivalents.
Global online payments giant PayPal has announced the launch of its own cryptocurrency stablecoin, PayPal USD (PYUSD), to expand its crypto services and give its customers more choice.
PayPal #USD is the Paxos Trust Co., a regulated trust company and custodian of digital assets. and will be fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents.
Stablecoins are a type of cryptocurrency that are designed to maintain a stable value, often pegged to a traditional asset like a fiat currency (such as the US Dollar), a commodity (like gold), or other financial instruments. The primary goal of stablecoins is to mitigate the price volatility commonly associated with other cryptocurrencies like Bitcoin or Ethereum. This stability makes stablecoins useful for various applications, such as facilitating transactions, serving as a store of value, and enabling smart contracts on blockchain platforms. Here's a comprehensive overview of stablecoins:
Types of Stablecoins:
Fiat-Collateralized Stablecoins: These stablecoins are backed by reserves of traditional fiat currencies, typically held in a bank. Each issued stablecoin is pegged to a specific amount of the fiat currency, like 1:1 with the US Dollar. Examples include USDC (USD Coin), Tether (USDT), and TrueUSD (TUSD).
Commodity-Collateralized Stablecoins: These stablecoins are backed by physical assets like precious metals (e.g., gold) or other commodities. The value of the stablecoin is tied to the value of the underlying asset. Digix (DGX) is an example of a gold-backed stablecoin.
Crypto-Collateralized Stablecoins: These stablecoins are backed by other cryptocurrencies or digital assets. Users lock up a certain amount of cryptocurrency as collateral to mint stablecoins. MakerDAO's DAI is a well-known example, where Ether (ETH) is used as collateral.
Algorithmic Stablecoins: These stablecoins rely on smart contracts and algorithms to maintain their stability. They are not directly backed by any collateral but use mechanisms to control their supply and demand. Ampleforth (AMPL) is an example of an algorithmic stablecoin.
How Stablecoins Maintain Stability:
Collateral Reserve: In fiat and commodity-backed stablecoins, the stability is maintained by keeping reserves of the underlying asset to back the stablecoin issuance.
Over-Collateralization: In crypto-backed stablecoins like DAI, users must lock up more cryptocurrency than the value of the stablecoins they mint, creating a buffer against price fluctuations.
Algorithmic Adjustments: Algorithmic stablecoins use smart contracts to adjust the supply of coins based on market demand. If the price is too high, the smart contract may issue more coins, and if the price is too low, it may decrease supply.
Use Cases and Benefits:
Payments and Remittances: Stablecoins can be used for quick and low-cost cross-border payments and remittances, without the volatility associated with other cryptocurrencies.
Decentralized Finance (DeFi): Stablecoins are a cornerstone of DeFi platforms, enabling users to lend, borrow, trade, and earn interest on their assets without worrying about price fluctuations.
Smart Contracts: Stablecoins facilitate more predictable and reliable execution of smart contracts by minimizing the risk of price volatility during contract execution.
Store of Value: Users can use stablecoins as a digital store of value, preserving wealth without being exposed to the extreme price swings of other cryptocurrencies.
Challenges and Considerations:
Centralization Risk: Fiat-backed stablecoins are centralized as they rely on trusted custodians and banks to hold reserves.
Transparency and Auditing: Ensuring proper collateralization and auditing of reserves is essential for maintaining trust.
Regulatory Challenges: Stablecoins could face regulatory scrutiny, especially if they are perceived as acting like traditional financial instruments.
Smart Contract Risks: Algorithmic stablecoins are subject to potential vulnerabilities in their smart contract code.
Stablecoins have gained significant traction and play a crucial role in bridging the gap between traditional finance and the blockchain ecosystem. They offer stability and utility, making them valuable tools for various financial and commercial applications.
PayPal USD (PYUSD) will be issued by #Paxos Trust Co. and will be fully backed by US dollar deposits, short-term treasury bonds and similar cash equivalents.
Global online payments giant PayPal has announced the launch of its own cryptocurrency stablecoin, PayPal USD (PYUSD), to expand its crypto services and give its customers more choice.
PayPal #USD is the Paxos Trust Co., a regulated trust company and custodian of digital assets. and will be fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents.
Stablecoins are a type of cryptocurrency that are designed to maintain a stable value, often pegged to a traditional asset like a fiat currency (such as the US Dollar), a commodity (like gold), or other financial instruments. The primary goal of stablecoins is to mitigate the price volatility commonly associated with other cryptocurrencies like Bitcoin or Ethereum. This stability makes stablecoins useful for various applications, such as facilitating transactions, serving as a store of value, and enabling smart contracts on blockchain platforms. Here's a comprehensive overview of stablecoins:
Types of Stablecoins:
Fiat-Collateralized Stablecoins: These stablecoins are backed by reserves of traditional fiat currencies, typically held in a bank. Each issued stablecoin is pegged to a specific amount of the fiat currency, like 1:1 with the US Dollar. Examples include USDC (USD Coin), Tether (USDT), and TrueUSD (TUSD).
Commodity-Collateralized Stablecoins: These stablecoins are backed by physical assets like precious metals (e.g., gold) or other commodities. The value of the stablecoin is tied to the value of the underlying asset. Digix (DGX) is an example of a gold-backed stablecoin.
Crypto-Collateralized Stablecoins: These stablecoins are backed by other cryptocurrencies or digital assets. Users lock up a certain amount of cryptocurrency as collateral to mint stablecoins. MakerDAO's DAI is a well-known example, where Ether (ETH) is used as collateral.
Algorithmic Stablecoins: These stablecoins rely on smart contracts and algorithms to maintain their stability. They are not directly backed by any collateral but use mechanisms to control their supply and demand. Ampleforth (AMPL) is an example of an algorithmic stablecoin.
How Stablecoins Maintain Stability:
Collateral Reserve: In fiat and commodity-backed stablecoins, the stability is maintained by keeping reserves of the underlying asset to back the stablecoin issuance.
Over-Collateralization: In crypto-backed stablecoins like DAI, users must lock up more cryptocurrency than the value of the stablecoins they mint, creating a buffer against price fluctuations.
Algorithmic Adjustments: Algorithmic stablecoins use smart contracts to adjust the supply of coins based on market demand. If the price is too high, the smart contract may issue more coins, and if the price is too low, it may decrease supply.
Use Cases and Benefits:
Payments and Remittances: Stablecoins can be used for quick and low-cost cross-border payments and remittances, without the volatility associated with other cryptocurrencies.
Decentralized Finance (DeFi): Stablecoins are a cornerstone of DeFi platforms, enabling users to lend, borrow, trade, and earn interest on their assets without worrying about price fluctuations.
Smart Contracts: Stablecoins facilitate more predictable and reliable execution of smart contracts by minimizing the risk of price volatility during contract execution.
Store of Value: Users can use stablecoins as a digital store of value, preserving wealth without being exposed to the extreme price swings of other cryptocurrencies.
Challenges and Considerations:
Centralization Risk: Fiat-backed stablecoins are centralized as they rely on trusted custodians and banks to hold reserves.
Transparency and Auditing: Ensuring proper collateralization and auditing of reserves is essential for maintaining trust.
Regulatory Challenges: Stablecoins could face regulatory scrutiny, especially if they are perceived as acting like traditional financial instruments.
Smart Contract Risks: Algorithmic stablecoins are subject to potential vulnerabilities in their smart contract code.
Stablecoins have gained significant traction and play a crucial role in bridging the gap between traditional finance and the blockchain ecosystem. They offer stability and utility, making them valuable tools for various financial and commercial applications.
Dollar Index continues its travel to 2022 close. 1.5 month past since original green drawing. Adding orange scenario with breakout towards 104.8-105.5
Crypto market doesn't yet reflect that movement as many altcoins are pumping and also not meeting much sell pressure. So either its a pre-dump pump, or #DXY will get rejected here. This week we will see.
#DollarIndex #USD
Crypto market doesn't yet reflect that movement as many altcoins are pumping and also not meeting much sell pressure. So either its a pre-dump pump, or #DXY will get rejected here. This week we will see.
#DollarIndex #USD
$SHIB $PEPE $DOGE #USD #DOGE #pepe #SHIB #TrendingTopic
Hope this bull continue few month😍😍😍
Claim Your USDT GIFT❤️❤️❤️
Hope this bull continue few month😍😍😍
Claim Your USDT GIFT❤️❤️❤️
LIVE
CoinEdition
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SHIB Vs PEPE, DOGE Vs WIF: Who Wins the Meme Coin Race?
Meme coins including SHIB, PEPE, DOGE, and WIF registered significant jumps.
Profit-taking could lead SHIB down to $0.000018 while PEPE signaled a decline below $0.0000040.
The AO reflected possible downward momentum for DOGE but WIF might not slide under $1.
For the past few days, the price of meme coins has been increasing in a mind-blowing manner. The likes of Shiba Inu (SHIB), Pepe (PEPE), Dogecoin (DOGE), and dogwifhat (WIF) have seen their values climb by incredible figures.
While these four have led the market’s bullish wave, their performance differed. For instance, SHIB’s price has increased by 126.12% in the last seven days. DOGE, on the other hand, jumped by 64.23%. PEPE’s performance was better with a 204.18% increase, according to CoinMarketCap. Lastly, WIF’s price increased by 422.67%, making it the best meme coin of the lot.
Shiba Inu (SHIB) vs. Pepe (PEPE)
Coin Edition looked at the SHIB/USD and PEPE/USD price action on the 4-hour timeframe. According to our analysis, both meme coins shared a similar structure. It is also noteworthy to mention that PEPE and SHIB broke out of consolidating around the same period but with a little difference.
While PEPE was able to make it on February 25. SHIB had to wait three days later to pump. Furthermore, the Supertrend indicator flashed a buy signal for SHIB, indicating that the price potential remains a bullish one.
However, SHIB’s price action seemed to be retracing as the Relative Strength (RSI) showed that the token had become overbought. It was a similar case with PEPE whose price also dropped.
SHIB/USD Against PEPE/USD (Source: TradingView)
For the time being, SHIB’s rally might slow down. From a bearish perspective, the rice could drip to $0.000018 as traders might book profits in the coming days. PEPE also faced the same fate with signs that it could fall below $0.0000040.
However, a bullish return could see the prices trend much higher. In a highly bullish case, SHIB could rise to $0.000030 while PEPE might rally toward $0.000060.
Dogecoin (DOGE) vs. dogwifhat (WIF)
DOGE price at press time slipped from $0.15 to $0.13. WIF’s price also dropped from $1.70. But unlike, SHIB and PEPE, DOGE and WIF’s price action were different. For WIF, its incredible rise meant that bulls had kept bears out of the picture for a while.
However, Dogecoin bulls, despite being in control, still had bears lurking in the corner. Using the Fibonacci retracement indicator, Coin Edition observed that DOGE’s price might pull back. For instance, the 0.382 Fib level was around $0.12, indicating that the meme coin could experience a 7.69% drawdown.
DOGE/USD Against WIF/USD (Source: TradingView)
This potential decline was also evident in the Awesome Oscillator (AO). At press time, the AO displayed red bars, indicating a possible downward momentum. If this decline leads to a Dogecoin’s price decline, WIF might also be affected. However, it was unlikely for WIF to drop below $1 in the short term.
The post SHIB vs PEPE, DOGE vs WIF: Who Wins the Meme Coin Race? appeared first on Coin Edition.
Profit-taking could lead SHIB down to $0.000018 while PEPE signaled a decline below $0.0000040.
The AO reflected possible downward momentum for DOGE but WIF might not slide under $1.
For the past few days, the price of meme coins has been increasing in a mind-blowing manner. The likes of Shiba Inu (SHIB), Pepe (PEPE), Dogecoin (DOGE), and dogwifhat (WIF) have seen their values climb by incredible figures.
While these four have led the market’s bullish wave, their performance differed. For instance, SHIB’s price has increased by 126.12% in the last seven days. DOGE, on the other hand, jumped by 64.23%. PEPE’s performance was better with a 204.18% increase, according to CoinMarketCap. Lastly, WIF’s price increased by 422.67%, making it the best meme coin of the lot.
Shiba Inu (SHIB) vs. Pepe (PEPE)
Coin Edition looked at the SHIB/USD and PEPE/USD price action on the 4-hour timeframe. According to our analysis, both meme coins shared a similar structure. It is also noteworthy to mention that PEPE and SHIB broke out of consolidating around the same period but with a little difference.
While PEPE was able to make it on February 25. SHIB had to wait three days later to pump. Furthermore, the Supertrend indicator flashed a buy signal for SHIB, indicating that the price potential remains a bullish one.
However, SHIB’s price action seemed to be retracing as the Relative Strength (RSI) showed that the token had become overbought. It was a similar case with PEPE whose price also dropped.
SHIB/USD Against PEPE/USD (Source: TradingView)
For the time being, SHIB’s rally might slow down. From a bearish perspective, the rice could drip to $0.000018 as traders might book profits in the coming days. PEPE also faced the same fate with signs that it could fall below $0.0000040.
However, a bullish return could see the prices trend much higher. In a highly bullish case, SHIB could rise to $0.000030 while PEPE might rally toward $0.000060.
Dogecoin (DOGE) vs. dogwifhat (WIF)
DOGE price at press time slipped from $0.15 to $0.13. WIF’s price also dropped from $1.70. But unlike, SHIB and PEPE, DOGE and WIF’s price action were different. For WIF, its incredible rise meant that bulls had kept bears out of the picture for a while.
However, Dogecoin bulls, despite being in control, still had bears lurking in the corner. Using the Fibonacci retracement indicator, Coin Edition observed that DOGE’s price might pull back. For instance, the 0.382 Fib level was around $0.12, indicating that the meme coin could experience a 7.69% drawdown.
DOGE/USD Against WIF/USD (Source: TradingView)
This potential decline was also evident in the Awesome Oscillator (AO). At press time, the AO displayed red bars, indicating a possible downward momentum. If this decline leads to a Dogecoin’s price decline, WIF might also be affected. However, it was unlikely for WIF to drop below $1 in the short term.
The post SHIB vs PEPE, DOGE vs WIF: Who Wins the Meme Coin Race? appeared first on Coin Edition.
Currency against US Dollar, past month
🇿🇦 South Africa: +5.2%
🇧🇷 Brazil: +3.8%
🇬🇧 UK: +2.6%
🇦🇺 Australia: +2.1%
🇨🇦 Canada: +2%
🇪🇺 Euro: +1%
🇮🇳 India: +0.9%
🇵🇰 Pakistan: -0.6%
🇮🇩 Indonesia: -0.7%
🇨🇳 China: -1.9%
🇯🇵 Japan: -2%
🇷🇺 Russia: -4.6%
🇦🇷 Argentina: -6.4%
🇹🇷 Turkey: -18%
#USD #Marketupdate
🇧🇷 Brazil: +3.8%
🇬🇧 UK: +2.6%
🇦🇺 Australia: +2.1%
🇨🇦 Canada: +2%
🇪🇺 Euro: +1%
🇮🇳 India: +0.9%
🇵🇰 Pakistan: -0.6%
🇮🇩 Indonesia: -0.7%
🇨🇳 China: -1.9%
🇯🇵 Japan: -2%
🇷🇺 Russia: -4.6%
🇦🇷 Argentina: -6.4%
🇹🇷 Turkey: -18%
#USD #Marketupdate
What happened to #TUSD ? The #Stablecoins promoted by #Binance traded at #USD 1.20.
The stablecoin traded above the price it should hold, which is USD 1.
#crypto2023
The stablecoin traded above the price it should hold, which is USD 1.
#crypto2023
🔥Breaking News: A Whopping $453 Million in BNB Permanently Removed from Circulation!
BNB's quarterly burn mechanism continually elevates its intrinsic deflationary value 💪, setting it apart from inflation-prone #FIAT currencies. 🚀
Counteracting Binance FUD: This another periodic monumental burn serves as a powerful antidote to ongoing market uncertainty, reaffirming BNB's robust fundamentals and long-term viability. 🛡️
More Details:25th BNB Burn
#Binance #BNB #USD #Inflation #Deflation
BNB's quarterly burn mechanism continually elevates its intrinsic deflationary value 💪, setting it apart from inflation-prone #FIAT currencies. 🚀
Counteracting Binance FUD: This another periodic monumental burn serves as a powerful antidote to ongoing market uncertainty, reaffirming BNB's robust fundamentals and long-term viability. 🛡️
More Details:25th BNB Burn
#Binance #BNB #USD #Inflation #Deflation
Last week, the stock market trading was relatively calm, and the US dollar index rose for 8 consecutive weeks😃
Last week’s quiet session ended with the USD spot index rising for an 8th straight week, the longest such run since 2005. The strength of the USD was helped by CNH’s record weakness without a lot of verbal jawboning from the PBoC, in addition with a move higher in US yields amid a rush of corporate supply and oil nearing $90 a barrel. Equities were similarly quiet, with Apple dominating most of the auction as it sold off around 6% in aggregate after China announced that it would seek to broaden the ban on iPhones across government and SOEs. In addition, the US saw the highest number of corporate defaults YTD in over 3 years, though they are expected to peak around the middle of next year and below their recent peaks despite borrowing rates being at the highest levels in 15 years.
#crypto2023 #bitcoin #BTC #USD #Stock
Last week’s quiet session ended with the USD spot index rising for an 8th straight week, the longest such run since 2005. The strength of the USD was helped by CNH’s record weakness without a lot of verbal jawboning from the PBoC, in addition with a move higher in US yields amid a rush of corporate supply and oil nearing $90 a barrel. Equities were similarly quiet, with Apple dominating most of the auction as it sold off around 6% in aggregate after China announced that it would seek to broaden the ban on iPhones across government and SOEs. In addition, the US saw the highest number of corporate defaults YTD in over 3 years, though they are expected to peak around the middle of next year and below their recent peaks despite borrowing rates being at the highest levels in 15 years.
#crypto2023 #bitcoin #BTC #USD #Stock
What is Isolated Margin?
Isolated Margin designates the margin balance designated for an individual position. The Isolated Margin mode empowers traders to manage risk on singular positions by restricting the margin allocated to each. The assigned margin balance for every position remains adjustable on an individual basis.
In the Isolated Margin mode, if a trader’s position is liquidated, solely the Isolated Margin balance is subject to liquidation, rather than the entire margin balance.
For instance, consider Alice entering a 10x leveraged long BTC position worth 1000 USD. While her margin balance is 2000 USD, she opts to risk only a portion for the specific position, setting Isolated Margin at 100 USD. Consequently, in case of liquidation, her loss won’t surpass 100 USD.
Adjustments to the Isolated Margin amount are possible for active positions. Should a position in Isolated Margin mode approach liquidation, bolstering the position’s margin can prevent liquidation.
However, modifying the margin mode for a position already opened isn’t feasible. It is strongly recommended to review margin mode settings before initiating a position. This approach enhances risk management and ensures optimal decision-making.
$BTC
#WebGTR #IsolatedMargin #Risk #USD #bitcoin
In the Isolated Margin mode, if a trader’s position is liquidated, solely the Isolated Margin balance is subject to liquidation, rather than the entire margin balance.
For instance, consider Alice entering a 10x leveraged long BTC position worth 1000 USD. While her margin balance is 2000 USD, she opts to risk only a portion for the specific position, setting Isolated Margin at 100 USD. Consequently, in case of liquidation, her loss won’t surpass 100 USD.
Adjustments to the Isolated Margin amount are possible for active positions. Should a position in Isolated Margin mode approach liquidation, bolstering the position’s margin can prevent liquidation.
However, modifying the margin mode for a position already opened isn’t feasible. It is strongly recommended to review margin mode settings before initiating a position. This approach enhances risk management and ensures optimal decision-making.
$BTC
#WebGTR #IsolatedMargin #Risk #USD #bitcoin
