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Daily Market Overview May 11, 2024 #BTC price trades around $60K In the past 24 hours , 59,316 traders were liquidated (85.2%Long), the total liquidations comes in at $158.40 million #bitcoinhalving #buythedip #altcoins #ETFvsBTC

Daily Market Overview

May 11, 2024

#BTC price trades around $60K

In the past 24 hours , 59,316 traders were liquidated (85.2%Long), the total liquidations comes in at $158.40 million

#bitcoinhalving #buythedip #altcoins #ETFvsBTC

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🔥DON'T SCROLL ! LAST CHANCE TO GET FREE $NOT🔥 Only 12 hours left to farm NOT on Binance Launchpool 1. Stake $BNB and $FDUSD 2. Earn free $NOT Trust me. You don’t want to miss it ! The current market situation is on a downward trend due to being affected by macroeconomic factors: the FED adjusting interest rates only 1 time (or not) this year, The war broke out everywhere around the world along with the risk of global financial recession,... Given the recent lack of significant success of Binance Launchpool projects (experiencing considerable price drops post-listing with no signs of abating), along with the rather unfavorable market conditions due to the aforementioned reasons, In my opinion, after listing, the market capitalization of $NOT will likely only range between 500M-600M. With Initial Circ. Supply 102,7B (100% of total supply) $NOT price will be around $0.004868 to $0.005842 I understand that the current price prediction might seem bearish and could disappoint the #notcoin community. However, let's consider the realities: there's currently very little liquidity, newcomers are hesitant to enter, and major ETF funds are limiting their inflows into the crypto market. Additionally, there's a significant decline in FOMO surrounding Binance Launchpool projects at the moment. If you're considering investing in NOT early on, it might be wise to wait and observe the market trend after the release of the US CPI index at 8:30 am today. This index is crucial and will largely determine the short-term market direction until the next FOMC meeting. If the CPI index is favorable and lower than expected (<3.4%), the entire market will definitely be green, with all coins pumping, and vice versa. Of course, in the long term, I'm extremely bullish on NOT with a very strong and large community, along with innovative farming mechanisms, backed by positive support from the TON community. The market capitalization of NOT could easily x5-x7 during the next bull run in 2025, but that's a story for the future. #NotcoinLaunchpool #BinanceLaunchpool #NOTLAUNCHPOOL
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