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Bullish
🚀 YOU WILL LOSE ALL YOUR INVESTMENT! 🚀 Unless You Understand The Psychology of the Crypto Market Bitcoin hits $69k and the next halving is just 41 days away! 🌙 Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.💰 Ready to ride the wave? I hate to state this but many are still going to f>ck this up.🤷 For real. Let's break down the psychological phases: 🚀 PHASE 1 - Accumulation 💰 During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets. 📈 PHASE 2 - Momentum 📈 Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.😍👻💵 🚀 PHASE 3 - Euphoria/Excess 🚀 Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see👀 the crash coming. ⤵️ PHASE 4 - Massive Crash/Long Reeeeed candles😭😭 ⤵️ Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the 💰 for another two-three years -- the worst position to be in. DON'T DO THAT! Tips for Success: ✅ Invest wisely and patiently. ✅ Dollar-cost average. ✅ Take profits on the way up. ✅ Diversify and avoid overexposure. ✅ Be cautious of hype and scams. ✅ Watch for market sentiment changes. ✅ Hedge positions strategically. ✅ Keep cash reserves for opportunities. The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! 🌐💸 #TrendingTopic #BTC #ETH #sol #SHIB >CryptoBullRun >Bitcoin <InvestWisely 🌟
🚀 YOU WILL LOSE ALL YOUR INVESTMENT! 🚀 Unless You Understand The Psychology of the Crypto Market

Bitcoin hits $69k and the next halving is just 41 days away! 🌙

Experts predict a new bull run peaking in late 2025 - That is 12-18 months from the Halving in April 2024.💰

Ready to ride the wave? I hate to state this but many are still going to f>ck this up.🤷 For real.

Let's break down the psychological phases:

🚀 PHASE 1 - Accumulation 💰
During this phase, crypto Whales and OGs will have bought or be buying at discounted rates, new projects emerge, but skepticism lingers. To be clear, this was more like last year when $BTC was down to $15,000 and there was blood on the streets.

📈 PHASE 2 - Momentum 📈
Here, as we are currently witnessing, prices climb, excitement builds, HODLers rejoice, FOMO kicks in, and altcoins surge.😍👻💵

🚀 PHASE 3 - Euphoria/Excess 🚀
Greed takes over, prices soar daily, mainstream attention, bizarre market behavior, scams alert! For the Noobs, when ever the Bitcoin Fear and Greed Index makes a reading of 90, begin to manage your crypto position. Be SMART or you wont see👀 the crash coming.

⤵️ PHASE 4 - Massive Crash/Long Reeeeed candles😭😭 ⤵️
Here, you will witness a massive downtrend. Prices crash, panic selling, media negativity, Whales and new investors exit, veterans buy the dip. Noobies are left holding the 💰 for another two-three years -- the worst position to be in. DON'T DO THAT!

Tips for Success:
✅ Invest wisely and patiently.
✅ Dollar-cost average.
✅ Take profits on the way up.
✅ Diversify and avoid overexposure.
✅ Be cautious of hype and scams.
✅ Watch for market sentiment changes.
✅ Hedge positions strategically.
✅ Keep cash reserves for opportunities.

The coming months bring excitement, risks, and rewards. Navigate wisely, and you could be on your way to life-changing wealth in this crypto revolution! 🌐💸
#TrendingTopic
#BTC #ETH #sol #SHIB
>CryptoBullRun >Bitcoin <InvestWisely 🌟
You might never see a 500x Bullrun like this again!If you're new to the crypto world, you might have heard about "Bull run" and imagined making insane gains. Well, let's clear things up a bit. Bull run doesn't mean investing $50 and magically becoming a millionaire. That's more of a meme coin thing, not the case with utility coins backed by something real. Bull run happens when there's a surge in demand for Bitcoin due to technicalities and rewards distribution. This upward trend can last for over a year and a half. Altcoins also join the party during this time, and we call that "AltSeason." The Altseason starts after Bitcoin has had a good run up the hill and starts consolidating or making slow declines. Around this time, many investors who have made massive gains from Bitcoin rotate their profits into Altcoins for further gains. This massive capital injection can lead to moonshots and immense liquidity in Altcoins led by $ETH and $SOL . Now, brace yourself because there's a prediction. With big money flowing into Bitcoin and institutions buying billions of dollars worth of it, $BTC might hit $100,000-$170,000, possibly by late 3rd to early 4th quarter of 2024. And when Bitcoin hits that mark, many altcoins could skyrocket, like 10x-500x. No 🚀 science here, just the basics – value, quality upgrades, scarcity and adoption are key. So, stay calm, avoid getting too emotional about market fluctuations, and think long term. There might be some ups and downs, but in the next 6 months-11months, there could be some massive value shifts. Whether you bought in at $0.005 or $15, you might regret missing out on these moonshot opportunities. Here's the kicker – experts are saying you might never see a Bullrun like this again in your life. Therefore, plan wisely, control your emotions and let's see where this crypto journey takes us! 🚀🌟 #NotFinancialAdvice #CryptoEducation #WinningWithCrypto #Write2Earn

You might never see a 500x Bullrun like this again!

If you're new to the crypto world, you might have heard about "Bull run" and imagined making insane gains. Well, let's clear things up a bit.
Bull run doesn't mean investing $50 and magically becoming a millionaire. That's more of a meme coin thing, not the case with utility coins backed by something real.
Bull run happens when there's a surge in demand for Bitcoin due to technicalities and rewards distribution. This upward trend can last for over a year and a half. Altcoins also join the party during this time, and we call that "AltSeason."
The Altseason starts after Bitcoin has had a good run up the hill and starts consolidating or making slow declines. Around this time, many investors who have made massive gains from Bitcoin rotate their profits into Altcoins for further gains. This massive capital injection can lead to moonshots and immense liquidity in Altcoins led by $ETH and $SOL .
Now, brace yourself because there's a prediction. With big money flowing into Bitcoin and institutions buying billions of dollars worth of it, $BTC might hit $100,000-$170,000, possibly by late 3rd to early 4th quarter of 2024.
And when Bitcoin hits that mark, many altcoins could skyrocket, like 10x-500x. No 🚀 science here, just the basics – value, quality upgrades, scarcity and adoption are key.
So, stay calm, avoid getting too emotional about market fluctuations, and think long term. There might be some ups and downs, but in the next 6 months-11months, there could be some massive value shifts. Whether you bought in at $0.005 or $15, you might regret missing out on these moonshot opportunities.
Here's the kicker – experts are saying you might never see a Bullrun like this again in your life. Therefore, plan wisely, control your emotions and let's see where this crypto journey takes us! 🚀🌟
#NotFinancialAdvice
#CryptoEducation
#WinningWithCrypto
#Write2Earn
Willy Woo Says Bitcoin Could Surge Further Before Hitting a Peak Based on Readings from this VWAP Oscillator Renowned crypto analyst, Willy Woo, recently explained on X the Volume-Weighted Average Price (VWAP) Oscillator for Bitcoin, hinting at significant upside potential. The VWAP is a crucial indicator that calculates an asset's average price based on both price fluctuations and trading volume, giving more weight to prices with higher trading activity. Woo's focus, however, is on the VWAP Oscillator, which tracks the ratio between Bitcoin's spot price and its VWAP, oscillating around zero. This metric has been in negative territory for the past few months but is showing signs of upward movement. Historically, when this oscillator rebounds from a negative bottom, Bitcoin tends to experience bullish momentum. The chart below illustrates the VWAP Oscillator's trend over the past two years. As seen in the graph, the oscillator is approaching the neutral mark after a period of negativity. If this trend continues, Bitcoin could see further price increases. Woo notes that previous rebounds from negative territory have led to significant price surges, usually lasting until the oscillator peaks in positive territory. "Still a lot of room to run before reversal or consolidation," Woo states, suggesting that Bitcoin bears might be in a tough spot. Retail Investors Piling In Adding to the bullish sentiment, CryptoQuant's Axel Adler Jr. reported that retail investors have purchased $135.7 million worth of Bitcoin over the past month. This influx of new investors could further fuel the rally. Currently, Bitcoin is trading around $65,000, marking a 5% increase over the last week. #CMEBitcoinSpotTrading #BTC #bitcoin #buythedip #BinanceLaunchpool $BTC
Willy Woo Says Bitcoin Could Surge Further Before Hitting a Peak Based on Readings from this VWAP Oscillator

Renowned crypto analyst, Willy Woo, recently explained on X the Volume-Weighted Average Price (VWAP) Oscillator for Bitcoin, hinting at significant upside potential. The VWAP is a crucial indicator that calculates an asset's average price based on both price fluctuations and trading volume, giving more weight to prices with higher trading activity.

Woo's focus, however, is on the VWAP Oscillator, which tracks the ratio between Bitcoin's spot price and its VWAP, oscillating around zero. This metric has been in negative territory for the past few months but is showing signs of upward movement. Historically, when this oscillator rebounds from a negative bottom, Bitcoin tends to experience bullish momentum.

The chart below illustrates the VWAP Oscillator's trend over the past two years. As seen in the graph, the oscillator is approaching the neutral mark after a period of negativity. If this trend continues, Bitcoin could see further price increases. Woo notes that previous rebounds from negative territory have led to significant price surges, usually lasting until the oscillator peaks in positive territory.

"Still a lot of room to run before reversal or consolidation," Woo states, suggesting that Bitcoin bears might be in a tough spot.

Retail Investors Piling In
Adding to the bullish sentiment, CryptoQuant's Axel Adler Jr. reported that retail investors have purchased $135.7 million worth of Bitcoin over the past month. This influx of new investors could further fuel the rally. Currently, Bitcoin is trading around $65,000, marking a 5% increase over the last week.
#CMEBitcoinSpotTrading #BTC #bitcoin #buythedip #BinanceLaunchpool $BTC
✨Lower US Inflation Propels BTC to $66K:🚀 Can the CPI sustain the crypto market rally or is it just a deadcat bounce?🤷 Bitcoin has surged to $66,000 following the release of US consumer price data on May 15, sparking a wave of excitement across the crypto market. The core consumer price index (CPI), a key measure of underlying US inflation, rose by just 0.3% from March to April, marking its slowest increase in six months. This slowdown in inflation has raised hopes for potential interest rate cuts, fueling optimism among investors. Despite the positive inflation news, Fed Reserve Chair Jerome Powell emphasized the need for more data before considering any rate cuts, urging patience as current policies take effect. Some policymakers even doubt rate cuts will happen this year. However, the crypto market reacted swiftly. BTC's price shot up from $62,000 to $66,000, a 7% jump in just 24 hours. Major altcoins followed suit, with ETH climbing 4.4% and Sol soaring 12.3%. Overall, the total cryptocurrency market capitalization grew by 6.7%, reaching $2.5 trillion, CoinGecko reveals. Beyond easing inflation, other factors at play in BTC's recent surge include lower selling pressure from short-term holders and traders. For this rally to continue, demand needs to accelerate. While there are signs of increased demand from long-term holders and large investors, it needs to pick up pace. Additionally, spot Bitcoin ETF purchases remain low, and stablecoin liquidity growth has yet to improve. Moreover, Bitcoin’s current price is still undervalued from a miner's profitability perspective. The recent Bitcoin halving event in late April 2024 halved miners' rewards, putting financial pressure on them. Historically, low miner profitability often signals price bottoms, suggesting potential for future growth.🥺 Despite the challenges, analysts remain bullish on BTC’s long-term prospects. As the crypto market evolves, macroeconomic conditions, regulatory developments, and political factors will play critical roles in shaping its future. #MarketSentimentToday #ETFvsBTC $BTC
✨Lower US Inflation Propels BTC to $66K:🚀 Can the CPI sustain the crypto market rally or is it just a deadcat bounce?🤷

Bitcoin has surged to $66,000 following the release of US consumer price data on May 15, sparking a wave of excitement across the crypto market. The core consumer price index (CPI), a key measure of underlying US inflation, rose by just 0.3% from March to April, marking its slowest increase in six months.

This slowdown in inflation has raised hopes for potential interest rate cuts, fueling optimism among investors.

Despite the positive inflation news, Fed Reserve Chair Jerome Powell emphasized the need for more data before considering any rate cuts, urging patience as current policies take effect. Some policymakers even doubt rate cuts will happen this year.

However, the crypto market reacted swiftly. BTC's price shot up from $62,000 to $66,000, a 7% jump in just 24 hours. Major altcoins followed suit, with ETH climbing 4.4% and Sol soaring 12.3%. Overall, the total cryptocurrency market capitalization grew by 6.7%, reaching $2.5 trillion, CoinGecko reveals.

Beyond easing inflation, other factors at play in BTC's recent surge include lower selling pressure from short-term holders and traders.

For this rally to continue, demand needs to accelerate. While there are signs of increased demand from long-term holders and large investors, it needs to pick up pace. Additionally, spot Bitcoin ETF purchases remain low, and stablecoin liquidity growth has yet to improve.

Moreover, Bitcoin’s current price is still undervalued from a miner's profitability perspective. The recent Bitcoin halving event in late April 2024 halved miners' rewards, putting financial pressure on them. Historically, low miner profitability often signals price bottoms, suggesting potential for future growth.🥺

Despite the challenges, analysts remain bullish on BTC’s long-term prospects. As the crypto market evolves, macroeconomic conditions, regulatory developments, and political factors will play critical roles in shaping its future.
#MarketSentimentToday #ETFvsBTC $BTC
🔥Core CPI Figures to Make Crypto Go Up: Bitcoin Price Set to Surge if These CPI Projections Hold True🚀 Today's US Consumer Price Index (CPI) data, set for release at 8:30 am ET, could significantly impact Bitcoin prices. Bitcoin has recently shown a strong reaction to macroeconomic news, making this report a key event for crypto investors. The CPI measures inflation by tracking changes in prices of consumer goods and services. After three months of higher-than-expected inflation, analysts now expect a slight slowdown for April. This could influence monetary policy and financial markets. CPI Expectations - Year-on-Year Increase: Expected to be 3.4%, down from March's 3.5%. - Month-to-Month Increase: Projected at 0.3%, a decrease from the previous 0.4%. - Core CPI (excluding food and energy): Expected to drop from 3.8% to 3.6% year-on-year, with a monthly increase slowing to 0.3% from 0.4%. Economists at Goldman Sachs predict core CPI will continue to decline, stabilizing around 3.5% year-on-year by the end of 2024, with core Personal Consumption Expenditures (PCE) inflation expected at 2.7% by December 2024. The CPI data typically has a significant impact on market dynamics, often more so than the Producer Price Index (PPI). With PPI data released today, market reactions to both reports will be closely watched. Crypto analyst Ted (@tedtalksmacro) warns of potential market volatility, noting that PPI often leads CPI numbers, which could trigger a stronger market response if expectations are missed. BTC's Reaction? BTC and the crypto market have been highly sensitive to inflation figures and Federal Reserve policies. Analyst Ted suggests that a slowdown in inflation could boost Bitcoin prices, stating, "This is the first time in a while we are likely to see inflation data slow. That'll be good for risk assets like Bitcoin if true." Softer inflation data could lead to more favorable monetary policies for Bitcoin and could set the stage for the next big move in Bitcoin. #BTC #bitcoin #CPI #altcoins #Memecoins $BTC
🔥Core CPI Figures to Make Crypto Go Up: Bitcoin Price Set to Surge if These CPI Projections Hold True🚀

Today's US Consumer Price Index (CPI) data, set for release at 8:30 am ET, could significantly impact Bitcoin prices. Bitcoin has recently shown a strong reaction to macroeconomic news, making this report a key event for crypto investors.

The CPI measures inflation by tracking changes in prices of consumer goods and services. After three months of higher-than-expected inflation, analysts now expect a slight slowdown for April. This could influence monetary policy and financial markets.

CPI Expectations
- Year-on-Year Increase: Expected to be 3.4%, down from March's 3.5%.
- Month-to-Month Increase: Projected at 0.3%, a decrease from the previous 0.4%.
- Core CPI (excluding food and energy): Expected to drop from 3.8% to 3.6% year-on-year, with a monthly increase slowing to 0.3% from 0.4%.

Economists at Goldman Sachs predict core CPI will continue to decline, stabilizing around 3.5% year-on-year by the end of 2024, with core Personal Consumption Expenditures (PCE) inflation expected at 2.7% by December 2024.

The CPI data typically has a significant impact on market dynamics, often more so than the Producer Price Index (PPI). With PPI data released today, market reactions to both reports will be closely watched.

Crypto analyst Ted (@tedtalksmacro) warns of potential market volatility, noting that PPI often leads CPI numbers, which could trigger a stronger market response if expectations are missed.

BTC's Reaction?
BTC and the crypto market have been highly sensitive to inflation figures and Federal Reserve policies. Analyst Ted suggests that a slowdown in inflation could boost Bitcoin prices, stating, "This is the first time in a while we are likely to see inflation data slow. That'll be good for risk assets like Bitcoin if true."

Softer inflation data could lead to more favorable monetary policies for Bitcoin and could set the stage for the next big move in Bitcoin.
#BTC #bitcoin #CPI #altcoins #Memecoins $BTC
Investors Scoop Up 70,000 BTC Before Key US Inflation Report Ahead of the US inflation report, investors have snapped up 70,000 Bitcoin, betting on its strength as a hedge against economic uncertainty. This surge in BTC buying comes on the heels of a massive 1 million BTC sell-off at the end of 2023, marking a renewed confidence among long-term holders. The move highlights a strategic shift towards cryptocurrency amidst fears of rising inflation and the diminishing value of fiat currencies. On-chain data from Glassnode indicates a deliberate and strategic accumulation of Bitcoin, reflecting investor faith in its stability, especially as it holds above $60,000. The US Consumer Price Index (CPI) climbed 0.4% in March, hitting 3.5% over the past year—well above the 0.8% inflation rate a decade ago. With the Federal Reserve unlikely to cut rates, the May 15 inflation report has investors bracing for more economic volatility. Neil Bergquist, CEO of Coinme, underscores Bitcoin’s fixed supply of 21 million BTC as a major draw. “Bitcoin’s supply is hard-coded and immutable, making it an inflation-resistant asset unlike fiat currencies,” he explains. Core inflation, excluding volatile food and gas prices, remains high due to rising shelter and service costs. According to Bank of America, higher energy prices are expected to push the headline CPI even higher. Bergquist highlights the advantages of Bitcoin in an inflationary environment. “Holding dollars during rising inflation reduces your purchasing power, whereas storing value in Bitcoin can protect it,” he concludes. As inflation worries persist, Bitcoin is poised to solidify its role as a decentralized financial hedge, offering a reliable alternative to traditional currencies. #ETFvsBTC #buythedip #BinanceLaunchpool #bitcoin #altcoins $BTC $
Investors Scoop Up 70,000 BTC Before Key US Inflation Report

Ahead of the US inflation report, investors have snapped up 70,000 Bitcoin, betting on its strength as a hedge against economic uncertainty.

This surge in BTC buying comes on the heels of a massive 1 million BTC sell-off at the end of 2023, marking a renewed confidence among long-term holders. The move highlights a strategic shift towards cryptocurrency amidst fears of rising inflation and the diminishing value of fiat currencies.

On-chain data from Glassnode indicates a deliberate and strategic accumulation of Bitcoin, reflecting investor faith in its stability, especially as it holds above $60,000.

The US Consumer Price Index (CPI) climbed 0.4% in March, hitting 3.5% over the past year—well above the 0.8% inflation rate a decade ago. With the Federal Reserve unlikely to cut rates, the May 15 inflation report has investors bracing for more economic volatility.

Neil Bergquist, CEO of Coinme, underscores Bitcoin’s fixed supply of 21 million BTC as a major draw. “Bitcoin’s supply is hard-coded and immutable, making it an inflation-resistant asset unlike fiat currencies,” he explains.

Core inflation, excluding volatile food and gas prices, remains high due to rising shelter and service costs. According to Bank of America, higher energy prices are expected to push the headline CPI even higher.

Bergquist highlights the advantages of Bitcoin in an inflationary environment. “Holding dollars during rising inflation reduces your purchasing power, whereas storing value in Bitcoin can protect it,” he concludes.

As inflation worries persist, Bitcoin is poised to solidify its role as a decentralized financial hedge, offering a reliable alternative to traditional currencies.
#ETFvsBTC #buythedip #BinanceLaunchpool #bitcoin #altcoins $BTC $
🐶 Floki Inu (FLOKI) to Burn 15.2 Billion Tokens Worth $2.8 Million🔥 The Floki Inu community is set to burn 15.2 billion FLOKI tokens, valued at $2.8 million. This move, supported by a 2022 community vote, aims to eliminate tokens from blacklisted wallets, permanently removing them from circulation. The decision to burn these tokens comes from a consensus within the community, reflecting their commitment to maintain the integrity and value of FLOKI. The community has stressed that tokens in blacklisted wallets can only be sent to the Floki multisig, and burning them aligns with their expectations. As a goodwill gesture, the Floki DAO has promised to distribute 1% of the value of the burned tokens, approximately 154 million FLOKI, to those affected. This could incentivize more users to support future burns. The proposal has already garnered 232 votes, showing strong community backing. This isn’t the first token burn for Floki Inu. In February, the community voted to burn 190.9 billion tokens recovered from the multi-chain bridge, demonstrating the DAO’s decisive and decentralized nature. Following the burn announcement, FLOKI’s price surged over 11%, from $0.0001872 to $0.0002025. Trading volume also spiked by 235.29% in the last 24 hours, reflecting heightened market activity and investor interest. Stay tuned for more updates on how this significant burn will impact the Floki Inu ecosystem! 🐾 #Memecoins #altcoins #ETFvsBTC #buythedip $FLOKI #FLOKI
🐶 Floki Inu (FLOKI) to Burn 15.2 Billion Tokens Worth $2.8 Million🔥

The Floki Inu community is set to burn 15.2 billion FLOKI tokens, valued at $2.8 million. This move, supported by a 2022 community vote, aims to eliminate tokens from blacklisted wallets, permanently removing them from circulation.

The decision to burn these tokens comes from a consensus within the community, reflecting their commitment to maintain the integrity and value of FLOKI. The community has stressed that tokens in blacklisted wallets can only be sent to the Floki multisig, and burning them aligns with their expectations.

As a goodwill gesture, the Floki DAO has promised to distribute 1% of the value of the burned tokens, approximately 154 million FLOKI, to those affected. This could incentivize more users to support future burns. The proposal has already garnered 232 votes, showing strong community backing.

This isn’t the first token burn for Floki Inu. In February, the community voted to burn 190.9 billion tokens recovered from the multi-chain bridge, demonstrating the DAO’s decisive and decentralized nature.

Following the burn announcement, FLOKI’s price surged over 11%, from $0.0001872 to $0.0002025. Trading volume also spiked by 235.29% in the last 24 hours, reflecting heightened market activity and investor interest.
Stay tuned for more updates on how this significant burn will impact the Floki Inu ecosystem! 🐾
#Memecoins #altcoins #ETFvsBTC #buythedip $FLOKI #FLOKI
Michael Novogratz Predicts Bitcoin to Stabilize Between $55K-$75K Michael Novogratz, founder of Galaxy Digital Holdings, predicts Bitcoin will consolidate between $55,000 and $75,000 in the near future. In a recent conference call discussing his company's Q1 financial results, Novogratz highlighted that traditional finance's embrace of cryptocurrency is crucial for Bitcoin's price stability. “We are in the consolidation phase in crypto,” Novogratz stated. “Bitcoin, Ethereum, and other cryptocurrencies will likely stay between $55,000 and $75,000 until new market events push prices higher.” Bitcoin's recent bull run was driven by significant events like the launch of US spot Bitcoin ETFs and the Bitcoin halving, which historically boosts prices by reducing new Bitcoin issuance. However, the market has since stagnated, influenced by strong economic indicators that dampened expectations for Federal Reserve rate cuts. Since late February, Bitcoin’s price has hovered between $56,500 and $73,700. What Could Spark a Breakout? Novogratz suggested two potential catalysts for a breakout: - Federal Reserve Rate Cuts: If the economy slows, the Fed might cut rates, boosting Bitcoin. - Political Clarity Post-Election: The upcoming US election could clarify the crypto regulatory landscape, potentially impacting Bitcoin's price. Standard Chartered’s Geoffrey Kendrick noted that a Trump re-election could mean more lenient crypto regulations compared to the current administration, potentially encouraging global treasury holders to invest in Bitcoin. Galaxy Digital reported a stellar first quarter with net income reaching $421.7 million, a significant increase from the previous period. Their mining operations generated a record $31.5 million, a 69% rise, and trading revenue surged to $66 million, up 78%, driven by derivatives gains and positive asset price movements. What do you think? Leave your comments down below👇 #ETFvsBTC #BTC #Memecoins #altcoins #buythedip $BTC
Michael Novogratz Predicts Bitcoin to Stabilize Between $55K-$75K

Michael Novogratz, founder of Galaxy Digital Holdings, predicts Bitcoin will consolidate between $55,000 and $75,000 in the near future.

In a recent conference call discussing his company's Q1 financial results, Novogratz highlighted that traditional finance's embrace of cryptocurrency is crucial for Bitcoin's price stability.
“We are in the consolidation phase in crypto,” Novogratz stated. “Bitcoin, Ethereum, and other cryptocurrencies will likely stay between $55,000 and $75,000 until new market events push prices higher.”

Bitcoin's recent bull run was driven by significant events like the launch of US spot Bitcoin ETFs and the Bitcoin halving, which historically boosts prices by reducing new Bitcoin issuance. However, the market has since stagnated, influenced by strong economic indicators that dampened expectations for Federal Reserve rate cuts. Since late February, Bitcoin’s price has hovered between $56,500 and $73,700.

What Could Spark a Breakout? Novogratz suggested two potential catalysts for a breakout:

- Federal Reserve Rate Cuts: If the economy slows, the Fed might cut rates, boosting Bitcoin.

- Political Clarity Post-Election: The upcoming US election could clarify the crypto regulatory landscape, potentially impacting Bitcoin's price.

Standard Chartered’s Geoffrey Kendrick noted that a Trump re-election could mean more lenient crypto regulations compared to the current administration, potentially encouraging global treasury holders to invest in Bitcoin.

Galaxy Digital reported a stellar first quarter with net income reaching $421.7 million, a significant increase from the previous period. Their mining operations generated a record $31.5 million, a 69% rise, and trading revenue surged to $66 million, up 78%, driven by derivatives gains and positive asset price movements.

What do you think? Leave your comments down below👇
#ETFvsBTC #BTC #Memecoins #altcoins #buythedip $BTC
Meme Coins Waking Up, But Struggling Hard to Leave the Rest of the Crypto Market in the Dust Memecoins like Dogecoin, Shiba Inu, and Pepe are currently experiencing weak price recovery, diverging from the recent downward momentum seen in the cryptocurrency market. According to data from CoinGecko, the total market capitalization of memecoins has fluctuated by about 4-7% in the last 24 hours, leaving crypto watchers hanging in the balance. Phewwwww! Among the notable gainers, Pepe (PEPE) made the sharpest recovery with a 21% rise, followed by Floki (FLOKI) with a 14% surge, and DogWifHat (WIF) riding up by 8%. Even the leading meme token, DOGE, saw a 7% increase, bringing its market cap to ~$22 billion. Impressively, DOGE still commands a significant chunk, nearly 41%, of the memecoin market share. Its competitor, SHIB, is also facing a bullish correction, up 6% on the day, with its market cap now at ~$14 billion, securing its spot as the second most popular memecoin. What's driving the recently witnessed downturn in memecoins? 1. Weak Altcoin Market Structure: Traders have been cashing in profits, especially as the Relative Strength Index (RSI) signaled overvaluation. 2. Declining Memecoin Trading Volumes: Data from Dune indicates a significant drop in memecoin transaction volumes across all blockchains. This suggests a diminishing interest or confidence among traders. Individual memecoins like DOGE, SHIB, and PEPE have seen drastic declines in trading volumes, indicating a waning enthusiasm in the sector. 3. Market Sentiment Shifts: The recent US Federal Open Market Committee suggesting a decreased likelihood of interest rate cuts in 2024 has sparked a risk-off sentiment in the crypto market. With the US economy showing signs of strengthening, investors are turning towards safer assets like U.S. Treasuries. Consequently, investors may be reallocating profits from memecoins to other sectors within the crypto ecosystem. Remain vigilant. DYOR! #notcoin #altcoins #ETFvsBTC #Memecoins #BTC $FLOKI $PEPE $WIF
Meme Coins Waking Up, But Struggling Hard to Leave the Rest of the Crypto Market in the Dust

Memecoins like Dogecoin, Shiba Inu, and Pepe are currently experiencing weak price recovery, diverging from the recent downward momentum seen in the cryptocurrency market. According to data from CoinGecko, the total market capitalization of memecoins has fluctuated by about 4-7% in the last 24 hours, leaving crypto watchers hanging in the balance. Phewwwww!

Among the notable gainers, Pepe (PEPE) made the sharpest recovery with a 21% rise, followed by Floki (FLOKI) with a 14% surge, and DogWifHat (WIF) riding up by 8%.

Even the leading meme token, DOGE, saw a 7% increase, bringing its market cap to ~$22 billion. Impressively, DOGE still commands a significant chunk, nearly 41%, of the memecoin market share.

Its competitor, SHIB, is also facing a bullish correction, up 6% on the day, with its market cap now at ~$14 billion, securing its spot as the second most popular memecoin.

What's driving the recently witnessed downturn in memecoins?
1. Weak Altcoin Market Structure: Traders have been cashing in profits, especially as the Relative Strength Index (RSI) signaled overvaluation.

2. Declining Memecoin Trading Volumes: Data from Dune indicates a significant drop in memecoin transaction volumes across all blockchains. This suggests a diminishing interest or confidence among traders. Individual memecoins like DOGE, SHIB, and PEPE have seen drastic declines in trading volumes, indicating a waning enthusiasm in the sector.

3. Market Sentiment Shifts: The recent US Federal Open Market Committee suggesting a decreased likelihood of interest rate cuts in 2024 has sparked a risk-off sentiment in the crypto market. With the US economy showing signs of strengthening, investors are turning towards safer assets like U.S. Treasuries. Consequently, investors may be reallocating profits from memecoins to other sectors within the crypto ecosystem.

Remain vigilant. DYOR!
#notcoin #altcoins #ETFvsBTC #Memecoins #BTC $FLOKI $PEPE $WIF
✨More Realistic Price Prediction: Pantera Capital Pegs $BTC at $117,000 by August 2025🚀 Pantera Capital forecast that Bitcoin will soar to a staggering $117,000 by August 2025. This lofty but also the most practical estimate is rooted in Bitcoin halvings, where the reward for mining a block is slashed in half. According to Pantera, these events historically trigger major bull runs. Their recent report unveils a fascinating prognosis: after each halving, Bitcoin enjoys a powerful surge. Even after a post-2024 correction to $57,000, Pantera sees a familiar pattern suggesting a mega bull run by 2025. In 2023, Bitcoin hit $28,168, then shot up 1.8x by 2024. Pantera extrapolates this to a whopping 4.2x leap within 480 days post-halving, peaking at a jaw-dropping $117,482. Some optimists even dare to dream of $155,000. But it's no easy ride. Breaking through $63,000 is key, as Pantera identifies a "triple top pattern" in Bitcoin's trajectory, hinting at continued turbulence and the need to overcome significant resistance. "The $63,000 resistance is our Everest. Breaking it is the goal. Brace for volatility post-breakout," they advise. Despite the hurdles, Pantera stands firm, bolstered by past successes like nailing Bitcoin's bottom at $17,000. The stage is set for Bitcoin's next big leap. Will it reach the stars or face a rocky road ahead? Stay tuned for the thrilling ride ahead! #ETFvsBTC #BTC #buythedip #bitcoinhalving #bitcoinhalving $BTC
✨More Realistic Price Prediction: Pantera Capital Pegs $BTC at $117,000 by August 2025🚀

Pantera Capital forecast that Bitcoin will soar to a staggering $117,000 by August 2025. This lofty but also the most practical estimate is rooted in Bitcoin halvings, where the reward for mining a block is slashed in half. According to Pantera, these events historically trigger major bull runs.

Their recent report unveils a fascinating prognosis: after each halving, Bitcoin enjoys a powerful surge. Even after a post-2024 correction to $57,000, Pantera sees a familiar pattern suggesting a mega bull run by 2025.

In 2023, Bitcoin hit $28,168, then shot up 1.8x by 2024. Pantera extrapolates this to a whopping 4.2x leap within 480 days post-halving, peaking at a jaw-dropping $117,482. Some optimists even dare to dream of $155,000.

But it's no easy ride. Breaking through $63,000 is key, as Pantera identifies a "triple top pattern" in Bitcoin's trajectory, hinting at continued turbulence and the need to overcome significant resistance.

"The $63,000 resistance is our Everest. Breaking it is the goal. Brace for volatility post-breakout," they advise.

Despite the hurdles, Pantera stands firm, bolstered by past successes like nailing Bitcoin's bottom at $17,000.
The stage is set for Bitcoin's next big leap. Will it reach the stars or face a rocky road ahead? Stay tuned for the thrilling ride ahead!
#ETFvsBTC #BTC #buythedip #bitcoinhalving #bitcoinhalving $BTC
LIVE
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Bearish
📉Potential Crash Incoming As Over 20% of Top Cryptos About to Unlock and Unload on the Market⚡ A fresh study on the top 300 cryptos by market cap reveals that more than a fifth of these coins are sitting on a heap of tokens yet to hit the market.👀 This discovery is crucial for both investors and analysts, as it could shake up prices and investor confidence. Based on data from CoinGecko as of May 8, 2024, the analysis left out stablecoins and wrapped assets, focusing on the market cap to fully diluted valuation (FDV) ratio. CoinGecko clarified, "We defined low-float crypto as having a market cap to FDV ratio of 0 to 0.49, high float crypto as ratios of 0.50 to 0.99, and only crypto with a ratio of 1 as fully diluted." Alarmingly, low-float cryptos make up 21.3% of the top 300 coins, hinting at a flood of new supply on the horizon. Among them, Worldcoin takes the cake with the lowest ratio at 0.02, followed by Cheelee (CHEEL) at 0.06, Starknet (STRK) at 0.07, and Saga (SAGA) at 0.09. These coins, all launched in 2023 or 2024. This trend of low float is mainly seen in cryptos introduced in the past four years. In fact, 54 out of 64 low float large-cap cryptos were born during this period. This surge of new projects suggests a bustling crypto scene and could hint at shifts in the market as these tokens hit the market. Looking ahead, the market braces for the impact of upcoming token unlocks. For instance, Token Unlocks data shows that on May 12, Aptos will unleash 11.31 million APT tokens, worth almost $100 million, making up 2.64% of its circulating supply. On May 16, Arbitrum will release 92.65 million ARB tokens, valued over $96 million, comprising 3.49% of its circulating supply. These unlocks could create heavy selling pressure on these tokens. Also, about $3.58 billion worth of tokens are set to unlock this month across various projects. This hefty sum underlines the potential influence of these unlocks on the broader market, possibly spiking volatility. #altcoins #ETFvsBTC #buythedip #BTC #Memecoins $ARB $APT $WLD
📉Potential Crash Incoming As Over 20% of Top Cryptos About to Unlock and Unload on the Market⚡

A fresh study on the top 300 cryptos by market cap reveals that more than a fifth of these coins are sitting on a heap of tokens yet to hit the market.👀

This discovery is crucial for both investors and analysts, as it could shake up prices and investor confidence.

Based on data from CoinGecko as of May 8, 2024, the analysis left out stablecoins and wrapped assets, focusing on the market cap to fully diluted valuation (FDV) ratio.

CoinGecko clarified, "We defined low-float crypto as having a market cap to FDV ratio of 0 to 0.49, high float crypto as ratios of 0.50 to 0.99, and only crypto with a ratio of 1 as fully diluted."
Alarmingly, low-float cryptos make up 21.3% of the top 300 coins, hinting at a flood of new supply on the horizon. Among them, Worldcoin takes the cake with the lowest ratio at 0.02, followed by Cheelee (CHEEL) at 0.06, Starknet (STRK) at 0.07, and Saga (SAGA) at 0.09. These coins, all launched in 2023 or 2024.

This trend of low float is mainly seen in cryptos introduced in the past four years. In fact, 54 out of 64 low float large-cap cryptos were born during this period. This surge of new projects suggests a bustling crypto scene and could hint at shifts in the market as these tokens hit the market.

Looking ahead, the market braces for the impact of upcoming token unlocks.

For instance, Token Unlocks data shows that on May 12, Aptos will unleash 11.31 million APT tokens, worth almost $100 million, making up 2.64% of its circulating supply. On May 16, Arbitrum will release 92.65 million ARB tokens, valued over $96 million, comprising 3.49% of its circulating supply.

These unlocks could create heavy selling pressure on these tokens.

Also, about $3.58 billion worth of tokens are set to unlock this month across various projects. This hefty sum underlines the potential influence of these unlocks on the broader market, possibly spiking volatility.
#altcoins #ETFvsBTC #buythedip #BTC #Memecoins $ARB $APT $WLD
🔥Pepe Could Make a 51% Jump as Crypto Whales Snap Up $5.56 Million Worth of Tokens🚀 Big crypto players are making waves during the market downturn, scooping up loads of the meme coin Pepe to the tune of around $5.56 million. This comes as the overall crypto market takes a dip. Pepe's Potential 51% Jump Spot On Chain, a platform analyzing blockchain activity, highlighted a major crypto whale known by the wallet address 0xa14, who's been quite active. A whale recently moved 350.2 billion PEPE, worth $2.93 million, from Binance, marking their fourth such move. They've made an estimated profit of $1.63 million from these transactions, a solid 15% gain. Since March 14, 2024, this whale has withdrawn 1.449 trillion PEPE from Binance, spending around $10.86 million. They've deposited back 789.26 billion PEPE, spending $6.74 million and currently holding 660 billion PEPE, valued at roughly $5.74 million. Spot On Chain noted, "This whale has consistently profited, with a 100% win rate, totaling $955,000 from previous PEPE trading cycles." Other big traders are also joining the PEPE party. Lookonchain reported another investor, 0xa4F, buying 123.66 billion PEPE for $1.09 million. Wallet address 0x895 withdrew 101 billion PEPE, worth around $885,000, from Binance, while 0x24E3 invested $661,000 USDC to get 74.5 billion PEPE at a rate of $0.000008873. These moves come as $BTC dropped about 5% from $63,400 to $60,180 last Friday. Despite this, PEPE has shown resilience, bouncing back nearly 7% from Friday's low. PEPE's recent recovery was boosted by a breakout on May 3. On May 8, the meme coin tested the pattern's neckline at $0.00000785 and jumped up by 11%. Market analysis hints that based on the current pattern, PEPE could soar up to $0.00001330, marking a 51% increase from its current price. Price Check on Pepe (PEPE) Watch out for resistance at $0.00000890. If PEPE closes below $0.00000785, it might signal a downturn, so keep a close eye on the charts. #ETFvsBTC #Memecoins #BTC #altcoins #buythedip $PEPE
🔥Pepe Could Make a 51% Jump as Crypto Whales Snap Up $5.56 Million Worth of Tokens🚀

Big crypto players are making waves during the market downturn, scooping up loads of the meme coin Pepe to the tune of around $5.56 million.

This comes as the overall crypto market takes a dip.

Pepe's Potential 51% Jump
Spot On Chain, a platform analyzing blockchain activity, highlighted a major crypto whale known by the wallet address 0xa14, who's been quite active.

A whale recently moved 350.2 billion PEPE, worth $2.93 million, from Binance, marking their fourth such move. They've made an estimated profit of $1.63 million from these transactions, a solid 15% gain.

Since March 14, 2024, this whale has withdrawn 1.449 trillion PEPE from Binance, spending around $10.86 million. They've deposited back 789.26 billion PEPE, spending $6.74 million and currently holding 660 billion PEPE, valued at roughly $5.74 million.

Spot On Chain noted, "This whale has consistently profited, with a 100% win rate, totaling $955,000 from previous PEPE trading cycles." Other big traders are also joining the PEPE party. Lookonchain reported another investor, 0xa4F, buying 123.66 billion PEPE for $1.09 million.

Wallet address 0x895 withdrew 101 billion PEPE, worth around $885,000, from Binance, while 0x24E3 invested $661,000 USDC to get 74.5 billion PEPE at a rate of $0.000008873.

These moves come as $BTC dropped about 5% from $63,400 to $60,180 last Friday. Despite this, PEPE has shown resilience, bouncing back nearly 7% from Friday's low.

PEPE's recent recovery was boosted by a breakout on May 3. On May 8, the meme coin tested the pattern's neckline at $0.00000785 and jumped up by 11%.

Market analysis hints that based on the current pattern, PEPE could soar up to $0.00001330, marking a 51% increase from its current price.

Price Check on Pepe (PEPE)
Watch out for resistance at $0.00000890. If PEPE closes below $0.00000785, it might signal a downturn, so keep a close eye on the charts.
#ETFvsBTC #Memecoins #BTC #altcoins #buythedip $PEPE
Buy Bitcoin ETFs or Bitcoin Directly? A Deep Dive into the Pros and ConsTL;DR Spot Bitcoin ETFs track the price of Bitcoin with a nearly 1:1 correlation.If your investment focus is solely on long-term price performance, the new Bitcoin ETFs offer a compelling option.However, if you're concerned about regulatory or legal risks in the crypto space, you might prefer owning Bitcoin directly to ensure control and flexibility. It's been four months since the first spot Bitcoin exchange-traded funds (ETFs) hit the market, and they've already amassed over $20 billion in assets. These ETFs offer an easy entry point for newcomers to the crypto world, providing simple, hassle-free exposure to Bitcoin. However, some crypto enthusiasts still swear by buying Bitcoin directly from crypto exchanges. Are they right, or is this just nostalgia for the early days of crypto? Let's examine the arguments for and against buying Bitcoin ETFs versus owning Bitcoin outright. Bitcoin ETFs As A Convenient Path to Crypto Spot Bitcoin ETFs have quickly gained popularity, with their ease of use and traditional investment framework appealing to those more comfortable with stock market-style investing. They trade on centralized exchanges, offering regulated investment products that track Bitcoin's price movements. Data shows that these ETFs are quite effective at tracking Bitcoin's price. For example, from January to April, Bitcoin's value rose by about 33%, and the iShares Bitcoin Trust (IBIT 0.56%) and Fidelity Wise Origin Bitcoin Fund (FBTC 0.55%) mirrored this increase almost 1:1. If you're looking for simple exposure to Bitcoin without the complexity of crypto wallets, keys, or security risks, Bitcoin ETFs could be the way to go. However, the major Bitcoin ETFs have seen outflows lately. The Limitations of Bitcoin ETFs However, buying Bitcoin ETFs isn't the same as owning Bitcoin. When you invest in a Bitcoin ETF, you're essentially holding a financial product that tracks Bitcoin's price, but you don't own the underlying asset. This has significant implications. For instance, if you wanted to use Bitcoin for transactions—like buying an airline ticket—you'd be out of luck. You'd need to sell your ETF and then buy Bitcoin to use it as a currency. Moreover, the classic crypto saying, "Not your keys, not your crypto," comes into play. With Bitcoin ETFs, the cryptographic keys belong to the ETF issuers, not you. This setup could be risky if governments decide to regulate or restrict Bitcoin in some way. In such cases, ETF issuers, not individual investors, would make critical decisions regarding the handling of the underlying assets. Direct Bitcoin Ownership: Control with Complexity Buying Bitcoin directly from a crypto exchange gives you full control over your asset. You can use it as a currency, trade it, or hold it as an investment. This level of ownership comes with greater responsibility—you'll need to manage your own cryptographic keys and ensure the security of your holdings. Additionally, buying Bitcoin directly exposes you to greater market volatility, as Bitcoin trades 24/7 globally. For those who value autonomy and the ethos of crypto, direct ownership is the clear choice. You have complete control over your asset and can take advantage of Bitcoin's dual nature as a currency and commodity. However, this approach requires more knowledge and comfort with the underlying technology and security practices. Which Should You Choose? If you're new to crypto or prefer a more traditional investment approach, Bitcoin ETFs offer a straightforward way to gain exposure to Bitcoin without the complexities of direct ownership. They're convenient, regulated, and track Bitcoin's price effectively. But remember, you're not buying Bitcoin—you’re buying a product that reflects Bitcoin's price movements. If you prioritize control and are comfortable managing crypto security, buying Bitcoin directly is the way to go. You own the asset, have flexibility in how you use it, and don't rely on intermediaries for decisions about your holdings. This approach aligns with the core principles of decentralization and individual ownership in crypto. Ultimately, the choice depends on your investment goals, risk tolerance, and desire for control. Both options have their pros and cons, so weigh them carefully before making your decision. #ETFvsBTC #BTC #BinanceLaunchpool #ETHETFS $BTC $ETH $BNB

Buy Bitcoin ETFs or Bitcoin Directly? A Deep Dive into the Pros and Cons

TL;DR
Spot Bitcoin ETFs track the price of Bitcoin with a nearly 1:1 correlation.If your investment focus is solely on long-term price performance, the new Bitcoin ETFs offer a compelling option.However, if you're concerned about regulatory or legal risks in the crypto space, you might prefer owning Bitcoin directly to ensure control and flexibility.
It's been four months since the first spot Bitcoin exchange-traded funds (ETFs) hit the market, and they've already amassed over $20 billion in assets. These ETFs offer an easy entry point for newcomers to the crypto world, providing simple, hassle-free exposure to Bitcoin. However, some crypto enthusiasts still swear by buying Bitcoin directly from crypto exchanges. Are they right, or is this just nostalgia for the early days of crypto? Let's examine the arguments for and against buying Bitcoin ETFs versus owning Bitcoin outright.
Bitcoin ETFs As A Convenient Path to Crypto
Spot Bitcoin ETFs have quickly gained popularity, with their ease of use and traditional investment framework appealing to those more comfortable with stock market-style investing. They trade on centralized exchanges, offering regulated investment products that track Bitcoin's price movements. Data shows that these ETFs are quite effective at tracking Bitcoin's price. For example, from January to April, Bitcoin's value rose by about 33%, and the iShares Bitcoin Trust (IBIT 0.56%) and Fidelity Wise Origin Bitcoin Fund (FBTC 0.55%) mirrored this increase almost 1:1. If you're looking for simple exposure to Bitcoin without the complexity of crypto wallets, keys, or security risks, Bitcoin ETFs could be the way to go. However, the major Bitcoin ETFs have seen outflows lately.

The Limitations of Bitcoin ETFs
However, buying Bitcoin ETFs isn't the same as owning Bitcoin.
When you invest in a Bitcoin ETF, you're essentially holding a financial product that tracks Bitcoin's price, but you don't own the underlying asset. This has significant implications. For instance, if you wanted to use Bitcoin for transactions—like buying an airline ticket—you'd be out of luck. You'd need to sell your ETF and then buy Bitcoin to use it as a currency.
Moreover, the classic crypto saying, "Not your keys, not your crypto," comes into play. With Bitcoin ETFs, the cryptographic keys belong to the ETF issuers, not you. This setup could be risky if governments decide to regulate or restrict Bitcoin in some way. In such cases, ETF issuers, not individual investors, would make critical decisions regarding the handling of the underlying assets.
Direct Bitcoin Ownership: Control with Complexity
Buying Bitcoin directly from a crypto exchange gives you full control over your asset. You can use it as a currency, trade it, or hold it as an investment. This level of ownership comes with greater responsibility—you'll need to manage your own cryptographic keys and ensure the security of your holdings. Additionally, buying Bitcoin directly exposes you to greater market volatility, as Bitcoin trades 24/7 globally.

For those who value autonomy and the ethos of crypto, direct ownership is the clear choice. You have complete control over your asset and can take advantage of Bitcoin's dual nature as a currency and commodity. However, this approach requires more knowledge and comfort with the underlying technology and security practices.
Which Should You Choose?

If you're new to crypto or prefer a more traditional investment approach, Bitcoin ETFs offer a straightforward way to gain exposure to Bitcoin without the complexities of direct ownership. They're convenient, regulated, and track Bitcoin's price effectively. But remember, you're not buying Bitcoin—you’re buying a product that reflects Bitcoin's price movements.
If you prioritize control and are comfortable managing crypto security, buying Bitcoin directly is the way to go. You own the asset, have flexibility in how you use it, and don't rely on intermediaries for decisions about your holdings. This approach aligns with the core principles of decentralization and individual ownership in crypto.
Ultimately, the choice depends on your investment goals, risk tolerance, and desire for control. Both options have their pros and cons, so weigh them carefully before making your decision.
#ETFvsBTC #BTC #BinanceLaunchpool #ETHETFS $BTC $ETH $BNB
🔥Hold Your Crypto! Bank of America Says Don't Sell Just Yet🖖 Bank of America (BoA) is urging investors not to sell their crypto despite the upcoming Consumer Price Index (CPI) report. With inflation numbers for April 2024 set to be released soon, the bank's message is clear: HODL and keep an eye on the market. What to Expect from the Upcoming CPI Report The US Bureau of Labor Statistics is releasing the latest inflation data on May 15, and it's likely to shake things up. Analysts predict that headline inflation will increase by 0.4% and core inflation by 0.3%, keeping prices high above the Federal Reserve's 2% target. What This Means for Crypto Historically, summer has been a strong season for stocks, especially during presidential election years. BoA notes that the S&P 500 tends to rally between June and August, with average gains of 3.2%. In election years, this jumps to 7.3%, with the S&P 500 gaining 75% of the time. Bitcoin also shines in these years, boasting an average return of 23.68%. Don't Sell! BoA advises against selling right now, pointing out that the market has a tendency to heat up during summer, particularly in election years. This historical trend might mean a boost not just for stocks but for Bitcoin and other cryptocurrencies as well. Crypto is not just for retail investors anymore. Major institutions like Susquehanna International (holding $1.2 billion in Bitcoin across ten ETFs) and Hightower (with $68 million in Bitcoin through six ETFs) are showing their faith in Bitcoin. This kind of institutional backing could mean that BTC & other cryptos are seen as a hedge against inflation. Bottom Line: Keep Calm and HODL While the upcoming CPI report could bring market volatility, BoA advises caution and patience. Don't rush to sell your crypto; historical data suggests that the market could be set for a summer rally, especially with election year trends in the mix. Stay tuned for the latest inflation data, but remember, the long-term prospects for crypto could be very promising. #BinanceLaunchpool #BTC #altcoins #ETHETFS #buythedip $BTC
🔥Hold Your Crypto! Bank of America Says Don't Sell Just Yet🖖

Bank of America (BoA) is urging investors not to sell their crypto despite the upcoming Consumer Price Index (CPI) report. With inflation numbers for April 2024 set to be released soon, the bank's message is clear: HODL and keep an eye on the market.

What to Expect from the Upcoming CPI Report
The US Bureau of Labor Statistics is releasing the latest inflation data on May 15, and it's likely to shake things up. Analysts predict that headline inflation will increase by 0.4% and core inflation by 0.3%, keeping prices high above the Federal Reserve's 2% target.

What This Means for Crypto
Historically, summer has been a strong season for stocks, especially during presidential election years. BoA notes that the S&P 500 tends to rally between June and August, with average gains of 3.2%. In election years, this jumps to 7.3%, with the S&P 500 gaining 75% of the time. Bitcoin also shines in these years, boasting an average return of 23.68%.

Don't Sell!
BoA advises against selling right now, pointing out that the market has a tendency to heat up during summer, particularly in election years. This historical trend might mean a boost not just for stocks but for Bitcoin and other cryptocurrencies as well.

Crypto is not just for retail investors anymore. Major institutions like Susquehanna International (holding $1.2 billion in Bitcoin across ten ETFs) and Hightower (with $68 million in Bitcoin through six ETFs) are showing their faith in Bitcoin. This kind of institutional backing could mean that BTC & other cryptos are seen as a hedge against inflation.

Bottom Line: Keep Calm and HODL
While the upcoming CPI report could bring market volatility, BoA advises caution and patience. Don't rush to sell your crypto; historical data suggests that the market could be set for a summer rally, especially with election year trends in the mix. Stay tuned for the latest inflation data, but remember, the long-term prospects for crypto could be very promising.
#BinanceLaunchpool #BTC #altcoins #ETHETFS #buythedip $BTC
Vitalik Buterin's New Plan for Ethereum Transaction Fees Is a Mixed Bag🤷 Ethereum co-founder Vitalik Buterin has unveiled a groundbreaking plan that could change how transaction fees work on the Ethereum network. Known as multidimensional gas pricing, this new approach aims to address the inefficiencies in Ethereum's current fee structure. Gas fees are like a toll system for the Ethereum network; they measure the computational effort needed for transactions and block processing. Traditionally, Ethereum used a single metric to represent various resource demands, like calculations and storage operations. However, Buterin points out that this one-size-fits-all model has its problems, treating different resource needs as if they were the same. The new multidimensional gas pricing concept could lead to a more efficient fee structure. Essentially, it breaks down the transaction cost into different components, aligning them with the actual resource demands. This change is part of Ethereum Improvement Proposal (EIP) 4844, which focuses on more accurate resource allocation. The recent Dencun upgrade incorporated “blobs” to reduce the cost of rollups—layer-2 solutions that boost Ethereum's scalability. This upgrade has already made rollups 100x cheaper, resulting in a tripling of transaction volume on these platforms. The potential downside is that with the new upgrade, Ethereum's median transaction fee dropped by over 90%, leading to a significant reduction in the total fees burned. Since Ethereum burns a portion of its fees, this reduction could mean a shift from deflationary to inflationary currency. Ethereum's fee structure changes come at a crucial time as other blockchain networks like Solana offer lower-cost transactions. Vitalik Buterin's multidimensional gas pricing plan is set to reshape Ethereum's fee structure, making it more efficient and scalable. However, these changes could also impact Ethereum's deflationary nature, leading to broader implications for the network's economic model. #ETHETFS #altcoins #BTC #buythedip #BinanceLaunchpool $BTC $ETH $SOL
Vitalik Buterin's New Plan for Ethereum Transaction Fees Is a Mixed Bag🤷

Ethereum co-founder Vitalik Buterin has unveiled a groundbreaking plan that could change how transaction fees work on the Ethereum network. Known as multidimensional gas pricing, this new approach aims to address the inefficiencies in Ethereum's current fee structure.

Gas fees are like a toll system for the Ethereum network; they measure the computational effort needed for transactions and block processing. Traditionally, Ethereum used a single metric to represent various resource demands, like calculations and storage operations. However, Buterin points out that this one-size-fits-all model has its problems, treating different resource needs as if they were the same.

The new multidimensional gas pricing concept could lead to a more efficient fee structure. Essentially, it breaks down the transaction cost into different components, aligning them with the actual resource demands. This change is part of Ethereum Improvement Proposal (EIP) 4844, which focuses on more accurate resource allocation.

The recent Dencun upgrade incorporated “blobs” to reduce the cost of rollups—layer-2 solutions that boost Ethereum's scalability. This upgrade has already made rollups 100x cheaper, resulting in a tripling of transaction volume on these platforms.
The potential downside is that with the new upgrade, Ethereum's median transaction fee dropped by over 90%, leading to a significant reduction in the total fees burned. Since Ethereum burns a portion of its fees, this reduction could mean a shift from deflationary to inflationary currency. Ethereum's fee structure changes come at a crucial time as other blockchain networks like Solana offer lower-cost transactions.

Vitalik Buterin's multidimensional gas pricing plan is set to reshape Ethereum's fee structure, making it more efficient and scalable. However, these changes could also impact Ethereum's deflationary nature, leading to broader implications for the network's economic model.
#ETHETFS #altcoins #BTC #buythedip #BinanceLaunchpool $BTC $ETH $SOL
6 Must-buy Altcoins for Huge Returns, Revealed by this Crypto AnalystAs signs of a new altseason emerge, crypto analyst Alex Wacy shares his latest forecast with his 175,000 followers on X. Wacy predicts a hyper-growth phase for altcoins, emphasizing that asset selection and market timing will be key to catching the wave. Wacy’s recent analysis points to a potential altcoin boom on the horizon. He cautions that only about 15% of altcoins will see 10-100x gains during this growth phase, which highlights the need for careful asset selection: “One slip-up, and you’re out.” The consolidation of the total altcoin market cap above $700 billion would confirm the beginning of altseason, according to Wacy. Current sentiment in the crypto market suggests fear and uncertainty, a common precursor to market recoveries. Wacy categorizes this sentiment into three types of capitulation—price, time, and growth. This prevailing fear is clearing out weak hands, which could lead to a surge fueled by FOMO and strong buying activities. Top 6 Altcoins with Massive Potential 1. Arweave (AR) Arweave, a decentralised data storage solution, is gaining attention for its strong market structure and resilience . The development of AO, a decentralized computer network, further strengthens its appeal. A consolidation above $49 could lead to an explosive growth phase. 2. Ethena (ENA) Ethena is a synthetic dollar protocol offering an alternative to traditional banking. Wacy points out that Ethena’s weekly chart pattern typically precedes major price movements, and likens ENA's current price trajectory to that of SEI. 3 & 4. WIF and PEPE Wacy spotlights WIF and PEPE as two memecoins with significant potential. “WIF and PEPE are structured similarly to DOGE during its meteoric rise”. These coins have cultivated strong communities and meme appeal, a combination that could drive them to SHIB-level success. PEPE, in particular, seems poised for a breakout, while WIF could see a swift shift in market sentiment. 5. Ondo Finance (ONDO) Ondo Finance is focused on Real World Assets (RWA) and has shown strong buy support during price dips. Wacy views ONDO as an undervalued asset with notable upside potential: “With a resilient buy floor, even slight retractions could offer lucrative entry points ahead of substantial upward trajectories,” he says. His first target for ONDO is the $1.62 price zone. 6. Echelon (PRIME) Echelon's PRIME token stands at the intersection of gaming and blockchain technology, with a trading card game and AI-powered game gaining traction. “Echelon’s innovative gameplay and decentralized features attract a broad audience,” Wacy notes. The PRIME token's current price suggests a favorable buying zone from $14.97 to $17.5. Wacy advises that the altcoin market index, TOTAL3, could reach between $2 trillion and $2.3 trillion during the altseason. He recommends considering partial profit-taking once the market hits around $1.6 trillion to avoid getting caught in the final surge of excessive greed, which often leads to substantial losses. Strategically, Wacy suggests reserving 10-15% of positions for potential further growth beyond initial targets. Recognizing signals for timely exits is crucial before the market turns bearish. #MarketSentimentToday #ETHETFS #altcoins #buythedip #Memecoins $AR $ENA $WIF

6 Must-buy Altcoins for Huge Returns, Revealed by this Crypto Analyst

As signs of a new altseason emerge, crypto analyst Alex Wacy shares his latest forecast with his 175,000 followers on X. Wacy predicts a hyper-growth phase for altcoins, emphasizing that asset selection and market timing will be key to catching the wave.
Wacy’s recent analysis points to a potential altcoin boom on the horizon. He cautions that only about 15% of altcoins will see 10-100x gains during this growth phase, which highlights the need for careful asset selection: “One slip-up, and you’re out.” The consolidation of the total altcoin market cap above $700 billion would confirm the beginning of altseason, according to Wacy.
Current sentiment in the crypto market suggests fear and uncertainty, a common precursor to market recoveries. Wacy categorizes this sentiment into three types of capitulation—price, time, and growth. This prevailing fear is clearing out weak hands, which could lead to a surge fueled by FOMO and strong buying activities.
Top 6 Altcoins with Massive Potential
1. Arweave (AR)
Arweave, a decentralised data storage solution, is gaining attention for its strong market structure and resilience . The development of AO, a decentralized computer network, further strengthens its appeal. A consolidation above $49 could lead to an explosive growth phase.
2. Ethena (ENA)
Ethena is a synthetic dollar protocol offering an alternative to traditional banking. Wacy points out that Ethena’s weekly chart pattern typically precedes major price movements, and likens ENA's current price trajectory to that of SEI.
3 & 4. WIF and PEPE
Wacy spotlights WIF and PEPE as two memecoins with significant potential. “WIF and PEPE are structured similarly to DOGE during its meteoric rise”. These coins have cultivated strong communities and meme appeal, a combination that could drive them to SHIB-level success. PEPE, in particular, seems poised for a breakout, while WIF could see a swift shift in market sentiment.
5. Ondo Finance (ONDO)
Ondo Finance is focused on Real World Assets (RWA) and has shown strong buy support during price dips. Wacy views ONDO as an undervalued asset with notable upside potential: “With a resilient buy floor, even slight retractions could offer lucrative entry points ahead of substantial upward trajectories,” he says. His first target for ONDO is the $1.62 price zone.
6. Echelon (PRIME)
Echelon's PRIME token stands at the intersection of gaming and blockchain technology, with a trading card game and AI-powered game gaining traction. “Echelon’s innovative gameplay and decentralized features attract a broad audience,” Wacy notes. The PRIME token's current price suggests a favorable buying zone from $14.97 to $17.5.
Wacy advises that the altcoin market index, TOTAL3, could reach between $2 trillion and $2.3 trillion during the altseason. He recommends considering partial profit-taking once the market hits around $1.6 trillion to avoid getting caught in the final surge of excessive greed, which often leads to substantial losses.
Strategically, Wacy suggests reserving 10-15% of positions for potential further growth beyond initial targets. Recognizing signals for timely exits is crucial before the market turns bearish.
#MarketSentimentToday #ETHETFS #altcoins #buythedip #Memecoins $AR $ENA $WIF
💥Fortune Favours the Hodler! $121 Billion Worth of BTC Stays Dormant for Over a Decade💵🤑 Bitcoin's long-term holders, who literally invested close to nothing about 15 years ago, have a shocking secret—1.75 million Bitcoin wallets have been inactive for over 10 years, holding nearly 1.8 million BTC. At today's prices, that's a whopping $121 billion just sitting there, untouched. Most of these wallets likely bought Bitcoin when it was dirt cheap, back when you could snag a coin for double-digit prices. Now, those coins are worth millions, but their owners haven't made a move in ages. So, what's happening with all this dormant Bitcoin? Recently, some of these ancient wallets have been waking up, hinting at big shifts in the Bitcoin landscape. Just this year, a wallet that hadn't seen action for 11 years suddenly transferred $30 million in Bitcoin. Another trio of wallets, silent for six years, moved a mind-boggling $230 million in November 2023. What's interesting is where these coins are heading. Many of these recently activated wallets have transferred their Bitcoin to new addresses or even to cryptocurrency exchanges, which suggests that some owners might be ready to cash out after years of holding on. The three wallets that moved $230 million in BTC in November seem to be linked to the same person or group—they all made their last transactions on the same day, back in 2017. Is this a coordinated plan, or just a coincidence? Either way, it's clear that Bitcoin's early adopters are stirring. With so much Bitcoin on the move, the crypto world is buzzing with speculation. Will these newly active wallets trigger a sell-off, or are they just reshuffling their holdings? As Bitcoin's history continues to unfold, all eyes are on these mysterious wallet owners. #ETHETFS #BTC #bitcoin #CryptoWatchMay2024 #buythedip $BTC
💥Fortune Favours the Hodler! $121 Billion Worth of BTC Stays Dormant for Over a Decade💵🤑

Bitcoin's long-term holders, who literally invested close to nothing about 15 years ago, have a shocking secret—1.75 million Bitcoin wallets have been inactive for over 10 years, holding nearly 1.8 million BTC. At today's prices, that's a whopping $121 billion just sitting there, untouched.

Most of these wallets likely bought Bitcoin when it was dirt cheap, back when you could snag a coin for double-digit prices. Now, those coins are worth millions, but their owners haven't made a move in ages. So, what's happening with all this dormant Bitcoin?

Recently, some of these ancient wallets have been waking up, hinting at big shifts in the Bitcoin landscape. Just this year, a wallet that hadn't seen action for 11 years suddenly transferred $30 million in Bitcoin. Another trio of wallets, silent for six years, moved a mind-boggling $230 million in November 2023.

What's interesting is where these coins are heading. Many of these recently activated wallets have transferred their Bitcoin to new addresses or even to cryptocurrency exchanges, which suggests that some owners might be ready to cash out after years of holding on.

The three wallets that moved $230 million in BTC in November seem to be linked to the same person or group—they all made their last transactions on the same day, back in 2017. Is this a coordinated plan, or just a coincidence? Either way, it's clear that Bitcoin's early adopters are stirring.

With so much Bitcoin on the move, the crypto world is buzzing with speculation. Will these newly active wallets trigger a sell-off, or are they just reshuffling their holdings? As Bitcoin's history continues to unfold, all eyes are on these mysterious wallet owners.
#ETHETFS #BTC #bitcoin #CryptoWatchMay2024 #buythedip $BTC
🐸The Meme Coin Market is Oversaturated🐶: Now High Risk, Low Reward😅 Remember the bull run of 2020-2021, when meme coins like Dogecoin, Shiba Inu, and FLOKI soared? Well, the crypto market has changed, and those high-flying dogsh*t meme coins might not be the best bet anymore. Think about it this way: the meme coin landscape has become too crowded. In the past, meme coins thrived because they had limited competition and tons of retail investors jumping in. But now, anyone can create a new coin, making the market flooded with options. Deploying an ERC-20 token used to be a challenge. Today, anyone can do it. Last month, 138 new meme coins were listed on CoinMarketCap, compared to just 18 in April 2023. This explosion of new coins makes it hard for any single coin to stand out. Investing in meme coins today means entering a crowded and highly volatile market. The odds of striking it rich are slim, and the chances of losing everything are high. Without a diversified portfolio, you could lose your entire investment in a heartbeat.💀 If you want to play the meme coin game, you need lots of diversification. But even then, a 20x on one coin might not make much of a difference if your portfolio is too spread out. Besides, the market dynamics have changed. During the meme coin boom, demand outpaced supply. Now, it's the other way around—there are too many coins and not enough buyers. Prices can drop fast, leaving investors holding the bag 👻with significant losses. No doubt, meme coins still offer big returns, just that the risks have gone up considerably. Currently, only a few meme coins out of thousands will turn a profit. So, maybe ask yourself whether you'd be better off holding Bitcoin or other bluechip cryptos. As meme coins overflood the market, it may be smarter to stick with more established coins. If you're a die-hard meme coins degen, be prepared for a wild ride. The high risks might not be worth the low rewards. Approach with caution and consider whether you're ready for the potential volatility and loss. #Memecoins #BTC #altcoins $DOGE $SHIB $PEPE
🐸The Meme Coin Market is Oversaturated🐶: Now High Risk, Low Reward😅

Remember the bull run of 2020-2021, when meme coins like Dogecoin, Shiba Inu, and FLOKI soared? Well, the crypto market has changed, and those high-flying dogsh*t meme coins might not be the best bet anymore.

Think about it this way: the meme coin landscape has become too crowded. In the past, meme coins thrived because they had limited competition and tons of retail investors jumping in. But now, anyone can create a new coin, making the market flooded with options.

Deploying an ERC-20 token used to be a challenge. Today, anyone can do it. Last month, 138 new meme coins were listed on CoinMarketCap, compared to just 18 in April 2023. This explosion of new coins makes it hard for any single coin to stand out.

Investing in meme coins today means entering a crowded and highly volatile market. The odds of striking it rich are slim, and the chances of losing everything are high. Without a diversified portfolio, you could lose your entire investment in a heartbeat.💀

If you want to play the meme coin game, you need lots of diversification. But even then, a 20x on one coin might not make much of a difference if your portfolio is too spread out. Besides, the market dynamics have changed. During the meme coin boom, demand outpaced supply. Now, it's the other way around—there are too many coins and not enough buyers. Prices can drop fast, leaving investors holding the bag 👻with significant losses.

No doubt, meme coins still offer big returns, just that the risks have gone up considerably. Currently, only a few meme coins out of thousands will turn a profit. So, maybe ask yourself whether you'd be better off holding Bitcoin or other bluechip cryptos.

As meme coins overflood the market, it may be smarter to stick with more established coins. If you're a die-hard meme coins degen, be prepared for a wild ride. The high risks might not be worth the low rewards. Approach with caution and consider whether you're ready for the potential volatility and loss.
#Memecoins #BTC #altcoins $DOGE $SHIB $PEPE
✨Tellor (TRB) Soars 120% in Just a Week—Here’s Why It Could be Going to $246 Next!🚀💵 Tellor (TRB), a decentralized oracle network, has been on a roll, with its market capitalisation more than doubling in just one week. As of April 30, TRB's market cap stood at $143.32 million. Fast-forward to May 7, and it had surged to $274.11 million. Let me break down what's behind this explosive growth. Crypto analytics experts like Santiment point to a spike in crypto whale activity as the primary catalyst for this impressive rise. On May 6, there were 212 daily active addresses involving TRB, and 16 whale transactions valued at over $100,000 each. Just a week earlier, on May 1, the numbers were much lower—only 131 active addresses and no significant whale transactions. This dramatic uptick in activity suggests that big investors see potential in TRB, likely leading to a ripple effect as others jump on board. The increased interest and volume have clearly contributed to the skyrocketing market cap. Crypto analysts are bullish on TRB's future. Notable market observers believe that the current trend is just the beginning of a much larger movement. They believe that TRB could jump by over 300% from its recent lows, possibly reaching more than $246. Technical analysis seem to support this outlook. The formation of higher lows in price action, combined with lower lows on a momentum oscillator, typically signals a bullish trend. This technical setup aligns with the recent surge in whale activity, indicating strong upward momentum for TRB. As of now, Tellor is trading at $106.78, reflecting a 16.6% increase in the last 24 hours. Over the past week, the price has soared by more than 100%, a remarkable trend that has captured the attention of crypto enthusiasts and experts alike. With analysts and whales both signaling more growth ahead, Tellor (TRB) is definitely a coin to watch. If you're in the market for a promising decentralized oracle network, TRB could be the hot ticket. #CryptoWatchMay2024 #altcoins #buythedip #BTC #Memecoins $BTC $BNB $TRB
✨Tellor (TRB) Soars 120% in Just a Week—Here’s Why It Could be Going to $246 Next!🚀💵

Tellor (TRB), a decentralized oracle network, has been on a roll, with its market capitalisation more than doubling in just one week. As of April 30, TRB's market cap stood at $143.32 million. Fast-forward to May 7, and it had surged to $274.11 million. Let me break down what's behind this explosive growth.

Crypto analytics experts like Santiment point to a spike in crypto whale activity as the primary catalyst for this impressive rise. On May 6, there were 212 daily active addresses involving TRB, and 16 whale transactions valued at over $100,000 each. Just a week earlier, on May 1, the numbers were much lower—only 131 active addresses and no significant whale transactions.

This dramatic uptick in activity suggests that big investors see potential in TRB, likely leading to a ripple effect as others jump on board. The increased interest and volume have clearly contributed to the skyrocketing market cap.

Crypto analysts are bullish on TRB's future. Notable market observers believe that the current trend is just the beginning of a much larger movement. They believe that TRB could jump by over 300% from its recent lows, possibly reaching more than $246.

Technical analysis seem to support this outlook. The formation of higher lows in price action, combined with lower lows on a momentum oscillator, typically signals a bullish trend. This technical setup aligns with the recent surge in whale activity, indicating strong upward momentum for TRB.

As of now, Tellor is trading at $106.78, reflecting a 16.6% increase in the last 24 hours. Over the past week, the price has soared by more than 100%, a remarkable trend that has captured the attention of crypto enthusiasts and experts alike.

With analysts and whales both signaling more growth ahead, Tellor (TRB) is definitely a coin to watch. If you're in the market for a promising decentralized oracle network, TRB could be the hot ticket.
#CryptoWatchMay2024 #altcoins #buythedip #BTC #Memecoins $BTC $BNB $TRB
✨Cardano Founder Charles Hoskinson Proposes Merger with Bitcoin Cash🤑 Charles Hoskinson, the founder of Cardano, has made a bold proposal to merge Cardano with Bitcoin Cash. This groundbreaking initiative could lead to the creation of one of the fastest and most efficient Proof of Work blockchains to date. Hoskinson's plan involves leveraging cutting-edge technologies like Useful Proof of Work Leios, Non-Interactive Proofs of Proof of Work (NiPoPoWs), and Ergo technology. The goal is to boost both scalability and efficiency, paving the way for a more robust decentralized finance (DeFi) ecosystem. Cardano, a platform designed to be scalable and independent of venture capital, has been a significant player in the blockchain space since its launch in 2017. By merging with Bitcoin Cash, a prominent Bitcoin fork, Cardano aims to extend its capabilities and support broader blockchain interoperability. This merger could also bring significant upgrades to the Bitcoin Cash network, enhancing its appeal for DeFi applications. Hoskinson's proposal, announced on May 4, 2024, has already gained considerable traction. A poll to gauge community sentiment attracted over 12,500 responses, with 66.3% favoring the merger. The final outcome will be revealed after six days of additional voting. Bitcoin Cash, created in 2017 as a fork from Bitcoin, was designed to address Bitcoin's limitations, especially in terms of transaction speed and scalability. Since then, it has played a crucial role in promoting blockchain innovation and expanding DeFi opportunities. If the community supports the merger, this could mark a significant step toward increased blockchain interoperability and collaboration. The final decision will depend on the poll's outcome and community feedback. This proposed merger is not just a merger of technologies but also a merger of visions—creating a more cohesive blockchain ecosystem. #CryptoWatchMay2024 #BTC #ADA #altcoins #BCH $BTC $ADA $BCH
✨Cardano Founder Charles Hoskinson Proposes Merger with Bitcoin Cash🤑

Charles Hoskinson, the founder of Cardano, has made a bold proposal to merge Cardano with Bitcoin Cash. This groundbreaking initiative could lead to the creation of one of the fastest and most efficient Proof of Work blockchains to date.

Hoskinson's plan involves leveraging cutting-edge technologies like Useful Proof of Work Leios, Non-Interactive Proofs of Proof of Work (NiPoPoWs), and Ergo technology. The goal is to boost both scalability and efficiency, paving the way for a more robust decentralized finance (DeFi) ecosystem.

Cardano, a platform designed to be scalable and independent of venture capital, has been a significant player in the blockchain space since its launch in 2017. By merging with Bitcoin Cash, a prominent Bitcoin fork, Cardano aims to extend its capabilities and support broader blockchain interoperability. This merger could also bring significant upgrades to the Bitcoin Cash network, enhancing its appeal for DeFi applications.

Hoskinson's proposal, announced on May 4, 2024, has already gained considerable traction. A poll to gauge community sentiment attracted over 12,500 responses, with 66.3% favoring the merger. The final outcome will be revealed after six days of additional voting.

Bitcoin Cash, created in 2017 as a fork from Bitcoin, was designed to address Bitcoin's limitations, especially in terms of transaction speed and scalability. Since then, it has played a crucial role in promoting blockchain innovation and expanding DeFi opportunities.

If the community supports the merger, this could mark a significant step toward increased blockchain interoperability and collaboration. The final decision will depend on the poll's outcome and community feedback. This proposed merger is not just a merger of technologies but also a merger of visions—creating a more cohesive blockchain ecosystem.
#CryptoWatchMay2024 #BTC #ADA #altcoins #BCH $BTC $ADA $BCH
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