On Chain Data Doesn't Lie! NEAR shows way stronger metrics in terms of user engagement, transactions activity and developer involvement. The number of NEAR daily active addresses outperforms those of Cardano by 71 times (1.78M vs 25.2k). That's a massive difference that outlines how much more the NEAR network is used! For what concerns the developer commits, again, NEAR demonstrates a higher number (865 vs 311). That's an important metric because it represents the frequency of updates, improvements and contributions on coding. So basically, higher commits result in faster development and innovation! Cardano, from the other side, has higher market cap ($15.4 billion vs $7.3 billion). This still indicates investor's confidence in this project. In my opinion, NEAR is way more solid and ADA is way too overvalued. Cardano urges a developer-friendly infrastructure that could attract more developers/users and more utility cases.
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1) Inflated Social Media Metrics Typically the project has an unusual high number of social media followers or Telegram/Discord members with little real engagement or interactions. A project with a massive but silent audience is very suspicious! How To Spot It? Usually I check for bots or fake engagement by analysing comments, likes and responses. There are free tools online that do it for you quickly.
2) Dubious Tokenomics Pump-and-dump schemes and dubious tokenomics exploit hype and market manipulation to enrich insiders at your expense of regular investor! What I do recommend here is to analyse the token distribution using blockchain explorers to check if a few wallets hold the majority of the supply!
3) No Locked Liquidity Here usually the liquidity pool for the token is not locked! This allows developers to withdraw funds and abandon the project (rug pull). There are tool online that can support you for this situation. If the liquidity is unlocked or only locked for a very short time, then is a major warning sign!
Part 2? 🤔Let Me Know In Comments If You Interested!
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The pin bar is a popular candlestick pattern in technical analysis that signals potential reversals or continuations in price action. It gets its name from the term "pinocchio bar" because it lies about the future direction of the market before revealing the truth. For example, imagine the price of a crypto that is steadily rising. Suddenly, it shoots up, reaching a new high. However, buyers lose steam and sellers emerge, pushing the price back down. This rapid reversal creates a long, thin candle with a small body and a long wick, resembling a pin.
The pin bar cheat sheet I draw in the picture is a valuable tool for crypto traders because they can help them to identify potential reversals and continuations in the market. And according to how the candle closes it also suggest how strong is the probability that a specific event may occurs (strongest, stronger, strong, indecision)
Let Me Know In Comments If Want More Crypto Cheat Sheets!
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Bitcoin's price surged back to $100,000 after positive U.S. economic data on December 11! The recent CPI report confirmed the expectations and many anticipate a 0.25% interest rate cut by the Federal Reserve at its December 18 meeting. Technical indicators showing strength (watch out at RSI) and it doesn't surprise me that today rally follows a 4% daily gain.
In my opinion the market is still generally bullish, with confidence in Bitcoin's continued growth! Many traders and investors are now forcasting BTC at $115,000/125,000, however keep on mind that some hedge funds may cash out before 2025! So do not over leverage and keep your profile risk under control. I expect that the beginning of the new year will be a blast. Altcoins Roadmaps will be soon released and I will post them straight on!
HODL Or Partially Take Profits? 🤔 Let Me Know In Comments!
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1) Sender AI (ASI) Sender AI, recently listed on 4 exchanges, combines the best of AI and Web3. Its core mission is to create an efficient and user-friendly blockchain experience. ASI offers a unique technology called Dynamic Solver Bidding (DSB) that is responsible to manage transactions perfectly. How? Let's make it simple. Imagine you are booking a ride by using an app; as you know the app has multiple drivers nearby. The DSB will start to analyse all nearby drivers, traffic conditions and routes. Then, it selects the driver who can reach you fastest and take the quickest, cheapest route, optimizing your experience! For Near Protocol, this technology is very precious because it enhances its entire ecosystem by addressing critical areas like the transaction efficiency!
2) Neat Protocol (NEAT) Neat, currently available on Ref Finance, is a rollup scaling protocol designed to unleash the full potential for AI applications on the NEAR blockchain! NEAT's technology concerns in leveraging off-chain indexer nodes and NEAR L1 as the data layer, eliminating the need for rollups to deploy smart contracts or perform verification logic on L1. Sounds Hard Eh? Imagine you are running a library. Instead of keeping all the books (data) in one crowded room (on-chain L1), you use a nearby storage facility (off-chain indexer nodes) to organize and manage the books more efficiently. Basically it’s like storing most of the library's books off-site but still keeping them easily accessible when needed! So, NEAT optimizes how NEAR uses its resources, making the protocol faster, cheaper and easier to use!
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MICROSOFT REJECTS $BTC ! 🚨 Is It A Bearish Signal? 👇
Microsoft shareholders just voted against a proposal to add Bitcoin to the company's treasury holdings! The proposal included the possibility to explore Bitcoin as a hedge against inflation, however the shareholders decided to focus on Core Business. Why? Keep on mind that Microsoft holds $78 billion in cash and marketable securities, so they may not see an urgent need to diversify into a volatile asset like Bitcoin, especially when they are already well positioned financially! Will Bitcoin Drop Now That Microsoft Rejected It?
In my opinion, rejecting the Bitcoin investment proposal is not necessarily a bad news for BTC! Bitcoin’s value and future are not reliant on any single company! And despite Microsoft’s decision, there is still significant institutional interest in Bitcoin. I believe that what mostly stopped the shareholders of Microsoft to adopt Bitcoin is related to its volatility. Microsoft runs a very conservative financial management style and as we know well, Bitcoin's price fluctuations are significant, making it a risky investment for them!
What Level Will BTC Hit Before Its Bounce To A New ATH? 🤔 Let Me Know In Comments!
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3 Signals Your Trusted Guru Trader Is A Newbie 🤡 👇
1. He uses a leverage above 3x High leverage (above 3x) is often a sign of overconfidence an thus a lack of proper risk management. Hedge Funds never ever exceed 3x! Coincidence? Lower leverage allows you to endure adverse price movements without catastrophic losses! Your goal is to preserve your capital while staying in the market for the long-term!
2. He only trades on Centralized Exchanges Exclusively using Centralized Exchanges (CEXs) indicate limited familiarity with the broader crypto ecosystem. Trading on Decentralized Exchanges (DEXs) offer several benefits such as lower fee. Also DEXs are powered by the AMM Model, which enables trades to be executed instantly against liquidity pools (no need for order matching!)
3. He never hedge his position & never mentions options A trader who avoids or is unaware of options (e.g dual investment binance tool) shows lack in advanced trading knowledge! Hedging is a risk management strategy used to offset potential losses. For example, you can buy a protective puts to sell an asset at a specific price. This will limit the downside risk while allowing the asset to benefit from price increases!
4. Let Me Know In Comments!
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Today Near Protocol has announced a collaboration with DOGE! People will now be able to swap Dogecoin (DOGE) with NEAR by using the platform DOGEFi! But why is important for Near? Because it highlights its interoperability and by enabling Dogecoin swaps, it showcases in fact that Near Chain has the ability to bridge various blockchain ecosystems (cross-chain transactions)! This will enhances NEAR’s visibility and attract more users to its network! This will solidify its its position as a key player in the DeFi space! In my opinion, this collaboration not only demonstrates NEAR's technological capabilities but also enhances its ecosystem by connecting with a widely recognized crypto like DOGE, which has a broad and massive active user base to get in touch with!
Is NEAR Set To Break Its Previous ATH ($20.41) Next Week? 🤔 Let Me Know In Comments!
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MicroStrategy has just acquired another 15,400 BTC for $1.5 billion at $95,976 per Bitcoin and has so achieved BTC Yield of 38.7% QTD and 63.3% YTD. Currently they hodl 402,100 BTC acquired for $23.4 billion at $58,263 per bitcoin!
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MASSIVE! 🔥 NEW $NEAR PARTNERSHIP! 🚨 Literally A Game-Changing! 👇
Compute Labs and NEAR Protocol just teamed up! They are now working together to change the way computing power is accessed and shared. They will be converting the GPUs into digital tokens, known as GNFTs. This will allow people to buy, sell or use GPU resources more easily within NEAR’s blockchain ecosystem! To make it simple, just imagine the GPU as a car and tokens as the seats in the car. If the car has 10 seats, then buying one token lets you use one seat, or 10% of the car's capacity. You can use it to go somewhere (do your computing task), or you can let someone else use your seat by selling your token. It’s a way to share and trade GPU power easily!
By integrating NEAR’s Chain Signature technology, this partnership will enable cross-chain operations, allowing GPU resources to be used across multiple blockchains seamlessly. In my opinion, this is signalong a major shift in how compute resources are utilized in the blockchain world, creating new opportunities for AI-driven projects and decentralized finance!
Will NEAR Reach $20 Soon? 🤔 Let Me Know in comments!
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2 EXPLOSIVE $NEAR DEFI SOLUTIONS TO ABSOLUTELY KNOW 🔥👇
1) Ref Finance (REF) is the top decentralized exchange (DEX) and liquidity hub built on top of Near Protocol. It offers a range of DeFi services like token swaps, yield farming and liquidity provision. What makes Ref Finance unique? It allows users to exchange one crypto for another directly, without a centralized intermediary, using so an automated market maker (AMM) model! Centralized exchanges still use the order book model which has several disadvantages (e.g. higher fees and geographic restrictions), while on Ref Finance (DEX) you can trade at any time without waiting for a matching order to appear. A DEX also allows instant execution of trades because they don't rely on matching buy and sell orders.
2) Burrow (BRRR) is a decentralized, non-custodial and open-source borrowing and lending protocol built on the NEAR Protocol. It allows users to supply assets in order to earn interest and to borrow assets against their supplied collateral. Yes, Okay, I knew that! What else? Did you know that by using a lending protocol you get Tax Advantage! What?! Yes, you likely pay taxes only on the interest earned from lending your assets and not on the act of depositing liquidity itself! Also, borrowing is generally not taxed! However if you fail to repay and your collateral is liquidated, you may owe taxes on any resulting gains!
Did You Know That Ref Finance Is Running A Meme Season Currently? 🤔 Let Me Know In Comments!
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Scheduled on 26 November 2024 at 16:30 UTC, this meeting will focus on advancements of the intersection of artificial intelligence and blockchain technology. Basically they will explore topics like the decentralized AI infrastructure, the user-owned AI ecosystems and applications! Is a partnership ahead?
NEAR Protocol has been positioning itself as a leader in integrating AI with Web3, emphasizing transparency and open-source development. This could massively interest Tether, because NEAR offers tools or innovations that might help Tether to optimize its blockchain operations, including transactions and scalability. Also, let's not forget that NEAR's commitment to multi-chain solutions and interoperability resonates with Tether’s cross-blockchain utility. So Ardoino (CEO) might be interested in how NEAR’s AI tools can facilitate smoother integration of Tether’s stablecoins across the ecosystems, particularly for AI-powered dApps!
However, only after this meeting we will know for sure what's gonna happen! Thus, I'll update you after the conference finishes! Stay Tuned!
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9.7 BILLION ARE JUST IN! 🔥 Is This The Reason $BTC Will Hit 100k Soon? 👇
Recent reports showed a record of $9.7 billion in stablecoins that has just flowed into the crypto exchanges this month, signalling a strong investor interest and increasing liquidity. As you know, stablecoins serve as a gateway for investors for entering in the crypto market and their large inflows often indicate a growing buying pressure! In my opinion, this trend combined with consistent inflows into Bitcoin-focused ETFs, sets the stage for a massive price rally. I expect that by the end of November, Bitcoin’s price will finally hits $100,000!
Will BTC Reach 100k By The End Of This Week Or By The End Of This Month? 🤔 Let Me Know in comments!
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Meteor Wallet, one of the top wallet on Near Protocol, has just announced its Meteor Master Card! This card will enable users to spend cryptos from their self-custodial wallets directly at over 100 million merchants worldwide! This is massive because it will simplify even more the crypto adoption and increases its utility in real world scenarios! But will it be without KYC?
Currently, you can book your card without providing any personal information; However, keep on mind that Mastercard operates under strict regulatory frameworks, requiring adherence to anti-money laundering (AML) and KYC laws. So, almost certainly, during the shipping process, users may will have to provide some personal information!
Did You Know Meteor Wallet Is Actually Running An Airdrop? 🤔 Let Me Know in comments!
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Bitcoin is moving closer to its ATH of $93,450, showing a strong momentum with a 11% increase over the past week and a 30% rise on the month. Currently, there are many traders predicting a potential surge to $125,000 with bullish patterns (daily pennant) on the chart signaling continued growth. For who may doesn't know, this pattern is often associated with strong upward moves that suggests a 40% increase from its current levels if a breakout may occurs. So, is 125k ahead for real?
In my opinion, Bitcoin has found support from its ascending trendline and key moving averages, including the EMA 50 and EMA 100. A decisive breakout above $93,450 could mark a new uncharted phase of price. I see 100k as more probable in the near-term due to its psychological importance, closer proximity to current prices and expected resistance at this milestone. 125k is attainable but it will require a stronger momentum and additional time!
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$XRP BREAKS OUT! 🔥 Is It A Pump & Dump Or The Real Deal?👇
XRP surged 17%, outperforming many cryptos, fuelled by optimism around regulatory changes and a potential crypto-friendly Trump administration. But What Are The Real Key Factors That Started This Rally? Key factors include increasing speculative interest, a lawsuit against the SEC by 18 U.S states and expectations of favourable regulatory clarity for Ripple Labs (XRP's issuer). In addition, technical indicators like breaking a multi-year trendline and rising open interest signal bullish momentum. Many analysts are predicting further growth for XRP, with some suggesting that it could reach $1 or more soon if favourable market conditions continue.
In my opinion, this surge might be tied to speculation, such as optimism about a crypto-friendly regulatory environment. However it's also supported by technical indicators like increased open interest and a breakout from a long-term downtrend. If this momentum sustains and aligns with broader market developments or regulatory clarity, it may signal a real growth.
Do You Believe XRP Will Hit $1 Soon? Let Me Know in comments!
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Sweat Economy has just become the Founding Partner of the Global Running League (GRL)! GRL will be the world’s first professional team-based running league, debuting at the iconic Formula 1 tracks! But How SWEAT Will Benefit From This? As runners and fans will engage with the GRL events, they will be introduced to the SWEAT token and as a consequence SWEAT will increase its visibility and encouraging more people to become holders of the token! Also, let's not forget that today, during the debate, a notable figure was there: Sir Mo Farah, a world champion British long-distance runner. His involvement in this partnership indicates his endorsement of the brand and its mission. Thus, Sir Mo Farah, with his 1.3 million followers, has the potential to drive the adoption of SWEAT!
Besides the strategic partnership, it is also important to outline that this collaboration will inspire healthier lifestyles, promoting thus physical activity and greater engagement in wellness! This partnership bridges the gap between sports, technology and personal well-being, offering a unique opportunity for people to turn their movement into value!
Did You Try Sweat Wallet App Yet? 🤔 Let Me Know In Comments!
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$NEAR IS SET TO DESTROY THE META DOMINANCE 🔥 & Here Is Why 👇
NEAR Protocol has just announced an ambitious project to build the largest open-source AI model! Why Ambitious? Because it plans to build a 1.4 trillion parameter AI model that will disrupt the current Meta's Llama model (currently at 70 billion parameters)! Okay, But Why Parameters Are Important? Parameters can understand language, images and even perform reasoning! So that's why they are incredibly powerful and important. More parameters means better efficiency of the model to understand complexity! Basically it's like to add more pixels to an image in order to improve its quality! Yes, Cool! But How It will Do Better Than Meta?
To perform better than Meta, NEAR’s model will involve thousands of contributors in its development through a decentralized research hub! It will implement a crowdsourced approach to foster diverse inputs, rapid iterations and stronger community engagement. Financially Talking, How Much It Will Cost All Of This? The project is estimated to cost around $160 million and investors will be compensate by users who will use the AI model.
In my opinion, this project will be better for one big reason: Decentralization! NEAR has a more collaborative and innovative ecosystem than Meta! The development process is not limited to one company's goals or resources. This AI Model is open-source, meaning that it will be more accessible, transparent and developed by MANY contributors! I'm sure that a decentralized approach will lead to faster innovation, increased security and massive trust from users and developers.
Will NEAR Revisit Its Previous ATH ($20.42) In 2025? 🤔 Let Me Know in comments!
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Good Fortune Felines Good Fortune Felines is a collection that comes from the first Memecoin ever created on the Near Blockchain, NEKO. Its collection consists of a total of 1,608 NFTs and each of them brings several utilities! For example, they will make you earn NEKO tokens daily once staked ($6.50 a month at current price). These NFTs also unlocks special community-building tasks that will make holders earn even more NEKOs through specific social media activities. At last, they may ensure holders an allocation of airdrops from NEKO’s partnerships/acquisitions.
Shitzu Revival The Shitzu Revival collection comes from SHITZU, a Near Memecoin created by the Aurora Devs! This collection was minted in just 129 seconds, marking the fastest minting event on the NEAR protocol since 2022! Its supply consists of 1,000 NFTs and each Shitzu Revival provides utility to the holders who have deposited their NEAR tokens into the Shitzu validator AND to those who have staked these NFTs. What's interesting here is that stakers will not only earn NEAR tokens but also other memecoins for free (e.g: LONK, BLACKDRAGON, Etc.)
Near Tinker Union This collection of 3,333 Tinkers comes from the developers of Meteor Wallet that also have created the token GEAR. These NFTs allow holders to generate GEAR tokens once staked. GEAR tokens are currently used in the new play to earn game Moon Harvest. However, the utility of these NFTs doesn't stop here. People who hold them, also unlock the possibility to participate to raffles and get a special access to projects within the NEAR ecosystem!
So, Where Can I Find These Near Collections? Check Out My Previous Article! More Near NFT Collection? Don't Miss My Next Article!
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