🐻 Why the Market Fell Again

Yesterday, BTC failed to sustain levels above $67,000, leading to a drop below the $65,000 mark and triggering a market-wide decline.

📉 Firstly, this retracement is linked to capital outflows from ETFs. The previous day saw an outflow of $120.6 million from ETFs, with BlackRock's ETF recording zero inflow for the first time. Additionally, Grayscale continued selling BTC, totaling $130 million. These factors contributed to the cryptocurrency's decline.

🗣 Moreover, the arrest of Keonna Rodriguez, the head of Samourai Wallet, by the US Department of Justice added to market uncertainties and further influenced the downward movement.

💬 However, a significant portion of this market movement stems from post-halving uncertainties. The market currently requires catalysts for significant movements, implying that BTC may react to even minor local news in the upcoming days.

$BTC $ETH $BNB #CryptocurrencyMarket #MarketAnalysis 📉

The scam started with an investment opportunity in a cryptocurrency project that promised high returns. The website and social media channels looked professional, and the team seemed responsive to my questions.

They offered a rebate on my initial investment, which I received promptly. However, soon they asked me to invest more, promising even higher returns. I was skeptical, but they showed me fake profit statements and convinced me to invest again.

Next, they asked me to make a 'security deposit' to 'activate' my account and unlock higher returns. That's when I realized something was off. The deposit was supposed to be a small amount, but they kept asking for more and more. I tried to withdraw my funds, but they disappeared with my money.

Looking back, I realize that the rebate was just a tactic to gain my trust, and the requests for more investment and security deposits were all part of the scam. The scammers used high-pressure tactics, creating a sense of urgency and fear of missing out (FOMO) to manipulate me into investing more.

Some red flags I missed at the time include:

- The project's website and social media channels were newly created and had very few followers

- The team members' profiles seemed fake, with no verifiable information or credentials

- The project's whitepaper was vague and lacked technical details

- The promises of high returns were unusually high and seemed too good to be true

By sharing this detailed account of the scam pattern, I hope to help others recognize the tactics used by scammers and avoid falling into the same trap.

#ScamRiskWarning #Megadrop

If you're holding any of these coins on Binance, exercise caution.

Binance is delisting six coins. It's crucial to sell them if you're holding any.

Check out the announcement below for more details:

"Following our latest reviews, Binance will delist and halt trading on the following spot trading pairs:

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🤯🤯 3 Most Underrated Meme Coins to Buy in 2024 🔥

1. #floki Inu (FLOKI)
- FLOKI's price shows a larger retracement phase but hints at a potential breakout rally within a falling channel on the 4H chart.

- The price surge of nearly 50% in the last 30 days brings FLOKI close to the psychological threshold of $0.00020.

- A breakout rally could drive FLOKI to a potential bull run target of $0.000040, increasing excitement around the meme coin.

2. #pepe (PEPE)
- PEPE MEME coin is on an upward trend after a breakout rally, potentially returning 10x in 2024 if the broader market recovers.

- The coin has surged by 60% in the last six days, surpassing a falling channel and targeting the 50% Fibonacci level at $0.000008966.

- A breakout rally could push PEPE to the $0.0000177 mark or higher according to retracement levels.

3. Memecoin (#MEME )
- MEME token presents a bullish reversal opportunity as a newcomer in the meme coin sector, with a recent value increase of 23% in seven days.

- The coin is challenging the 50D EMA and may soon confront the resistance trend line, supported by a bullish trend indicated by MACD and the signal line.

- If the bullish momentum persists, Memecoin's price could climb to $0.10 in the coming months.

#Memecoins #CryptocurrencyInvesting #BullishTrend 🚀

🔥Tesla's Announcement Brings Relief to Bitcoin Investors

#Tesla , led by #ElonMusk as CEO, has unveiled its first-quarter balance sheet, easing concerns for Bitcoin investors. The US electric vehicle giant Tesla revealed its Q1 balance sheet for 2024, confirming its continued holding of Bitcoin assets without any sales.

In February 2021, Tesla acquired 43,200 BTC, later reducing it to 9,720 BTC through two sales. Since July 2022, Tesla has maintained these 9,720 Bitcoins on its balance sheet, valued at over $600 million at present rates. A Missed Opportunity for Bigger Gains

Had Tesla retained its initial 43,200 BTC without selling, the company would have realized substantial profits today. Tesla invested $1.5 billion initially, and the current value of the 43,200 BTC surpasses $3 billion.

Challenges Faced by Tesla

While Tesla's Bitcoin holdings remain steady, its Q1 revenue figures fell below expectations, marking a 9 percent decline and the first significant drop since 2012. Additionally, Tesla's shares have plummeted over 40 percent in 2024 due to heightened competition in the electric vehicle industry since October.

#BTC #BinanceTopPicks #Token2049

Thirteen years ago today, on April 23, Satoshi Nakamoto left his final instructions for the Bitcoin (BTC) ecosystem, marking a crucial moment in the cryptocurrency's history.

This came shortly after Nakamoto's last public statement in December 2010, signaling a significant shift for the world's leading digital currency.

In emails shared by former Bitcoin Core developer Mike Hearn, Nakamoto conveyed a sense of passing the torch, mentioning, "I've moved on to other things.

It's in good hands with Gavin and everyone." This statement sparked discussions about Nakamoto's motives for stepping back from the project. Some speculated a divergence in vision, especially concerning Bitcoin's association with initiatives like WikiLeaks donations.

Others cited external pressures, such as the CIA's reported interest in Gavin Andresen, a prominent figure in the crypto community.

Despite the reasons behind Nakamoto's departure, Bitcoin experienced a remarkable rise in prominence afterward. Starting from its modest beginnings, Bitcoin gained immense popularity, captivating tech enthusiasts and investors alike.

Its value surged to unprecedented levels, revolutionizing digital finance and establishing a new era in economic systems.

Today, Bitcoin stands as a testament to Nakamoto's vision, representing a decentralized force challenging conventional financial norms and reshaping economies globally.

While many have tried to uncover Nakamoto's true identity, it remains an enigma, adding to the allure of Bitcoin's origin story.

Whether Nakamoto will ever step forward and reveal himself remains one of the most captivating mysteries in the cryptocurrency space.

#bitcoinhalving #BinanceLaunchpool #Megadrop

Binance Launches Megadrop: Token launch platform with Airdrops and Web3 tasks.

Opportunity to catch delicious water after #launchpool

👉 What is Binance Megadrop?

✔ Binance Megadrop is a new token issuance platform that seamlessly integrates Binance Simple Earn and Binance Web3 Wallet, improving users' airdrop experience.

✔ Megadrop gives users early access to select Web3 projects before they are listed on Binance.

✔ This unique combination of engagement, education, and rewards has made Megdrop a great interactive experience within both Binance and the broader crypto ecosystem.

👉 How to get started with Binance Megadrop:

✍ Log in to your Binance account.

✍ Register for BNB Locked Products and/or complete Web3 Tasks to accumulate points.

To complete the Web3 Quest, make sure you have at least one active Binance Web3 Wallet.

Sign up for a Binance account and create your first Web3 Wallet now if you haven't done so already here to get 20% off lifetime trading fees:

✍ Complete registration of $BNB Locked Products on Simple Earn to accumulate points.

✍ Visit #Megadrop on #BinanceApp (coming soon) and complete all specified Web3 Tasks to accumulate points and get point multiplier.
✍ Get a reward of #Megadrop based on your Total Points.

👉 #Megadrop mechanism based on scores:

✍ The Megadrop reward for each qualified user will be based on the user's Total Points relative to the Total Points of all qualified users.

🫂 Remember: A lot of Hardwork goes into providing you Best Investment Articles. Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.

🚨 New #BinanceLaunchpool Exciting Opportunity Ahead 🤑

⛏️ Dive into Farming and Start Earning 💸

Introducing the Renzo Protocol ($REZ) project.

Binance Launchpool is a platform for introducing new web3 tokens to Binance users. Stake your existing coins (#BNB or #FDUSD) for a 6-day period and automatically receive new project tokens before they hit the Binance market.

Farming process begins tonight

🧑 Farming (lock): 6 days

🗓️ $REZ listing on Binance: April 30, 2024

🫂 Remember: A lot of Hardwork goes into providing you with the Best Investment Articles. Your Generous Tips would Empower our Mission and help us to work even Harder to provide the Best Investment Advice.
#Renzo

🚀 Binance Unveils the Altcoin Chosen for its 53rd Launchpool Project! 🤯

BNB Responds Vigorously to the Announcement!

Binance, the world's leading cryptocurrency exchange, has introduced the 53rd edition of the Binance Launchpool, a dynamic liquidity farming mechanism designed to boost user engagement in the crypto market. This time, they have unveiled #RENZO (#EZ) as the featured project.

Binance Launches Renzo (EZ) on Launchpool

The Launchpool page for Renzo (EZ) is set to go live in approximately 5 hours, right before the Launchpool commencement.

Users will be able to stake BNB and FDUSD tokens in separate pools to earn EZ tokens over a six-day period, starting from 00:00 on April 24, 2024.

Listing Details

Following the farming phase, Binance will list EZ tokens for trading on April 30, 2024, starting at 12:00.

EZ will be paired with various trading options, including EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, and EZ/TRY. EZ will receive the Seed Label upon listing.

EZ Launchpool Information

- Token Name: Renzo (EZ)
- Maximum Token Supply: 10,000,000,000 EZ
- Launchpool Token Rewards: 250,000,000 EZ (2.5% of max token supply)
- Initial Circulating Supply: 1,050,000,000 EZ (10.50% of max token supply)
- Smart Contract: Ethereum
- Staking Conditions: KYC required
- Fixed Upper Limit per User:
- 147,569.44 CRUSH in the BNB pool
- 26,041.67 EZ in the FDUSD pool
- BNB Stake Rewards: 212,500,000 EZ (85%)
- FDUSD Stake Rewards: 37,500,000 EZ (15%)
- Duration: April 24, 2024, 00:00 – April 29, 2024, 23:59

Binance emphasizes that it will be the first platform to list EZ tokens, with trading starting at 12:00 on April 30, 2024. Any claims offering EZ tokens for sale before this time are deemed misleading.

Binance advises users to conduct thorough research to safeguard their assets.

Please note: This is not investment advice.

#Binance #BinanceLaunchpool #BNB⁩

How to Earn Free USDT on Binance 🤑

1. Go to the Binance homepage and type "Airdrop" in the search bar.

2. Choose the Web3 Airdrop option from the search results.

3. Explore the available newly listed airdrops.

4. Participate in any airdrops that catch your interest.

If luck favors you, you might receive new coins in the future. I recently acquired some ENA coins.

Follow me for updates on more earning opportunities.

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Binance Megadrop: The Token Launch Platform is Coming 🪂

🎯 How to Participate:

1. Accumulate airdrop points by:
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🔸 Completing missions on Web3

2. Acquire tokens before they are listed on Binance 🔥

💰 Don't miss out on this opportunity to generate passive income on Binance while sleeping. Take full advantage of this new platform on Binance to earn extra income from your crypto.

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#Token2049 #Megadrop #bitcoinhalving

Earn from Dual Mining with Megadrop 🪂

Start dual mining with Megadrop and earn rewards effortlessly.

Dual Mining Option 1: Stake BNB whenever Binance initiates new coin mining. Your BNB stake automatically joins the new coin mining process, and once completed, the newly mined coin is deposited directly into your spot wallet.

Dual Mining Option 2: Stake BNB and complete specific tasks to mine BB tokens.

Staking BNB comes with lock-up periods of:
- 15 days
- 30 days
- 60 days
- 90 days
- 120 days.

❤️ LIKE 🫂 FOLLOW 🗳 REQUOTE OR RESHARE
⌨️ COMMENT

Remember: Our team puts in a lot of hard work to provide you with the best investment advice. Your generous tips empower our mission and motivate us to work even harder for you.

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🚨🚨 Important Binance Announcement Regarding All Users: Details

#Binance is scheduled to undergo a system upgrade on April 23-24, potentially causing disruptions to various services, including trading and user logins.

The exchange routinely updates its platform, with recent additions including new trading options and loans, while halting others and introducing new assets.

Next Week's Potential Disruptions

Binance, the world's largest cryptocurrency exchange, will be conducting a planned system upgrade from April 23 to April 24 to enhance overall system performance and stability. The company has cautioned users about potential inconveniences during transactions via the official website or mobile application.

"The affected services encompass new user registrations, user logins, trading services, etc.," stated the company. "This includes, but is not limited to," they added.

However, Binance reassured users that all funds will remain secure during the upgrade and services will resume once the upgrade is completed.

It's important to note that Binance has indicated there will be no further announcements regarding the upgrade, advising users to exercise caution with information found online.

Previous Binance Announcements

Aside from regular system upgrades, Binance continuously adjusts its trading options to align with market trends and enhance user experience.

Earlier this year, the exchange discontinued services with Monero (XMR) and three other altcoins – Aragon (ANT), Multichain (MULTI), and Vai (VAI).

In October, Binance expanded trading options for Mexican traders by launching the USDT/MXN pair. Additionally, it introduced 18 new loanable assets, including popular meme coins like dogwifhat (WIF) and #pepe (PEPE).

The latest updates include ARB/USDC and NEO/USDC perpetual contracts with up to 50 times leverage, while FIL/USDC allows up to 75 times leverage.

#BNB #bitcoinhalving

🔥 Cardano (ADA) Could Experience a 75% Increase According to This Indicator;

Here's Why

#Cardano (#ADA), ranked tenth in terms of market capitalization among cryptocurrencies, might be gearing up for a substantial recovery based on indicators from the Market Capitalization to Realized Value (MVRV) ratio. This crucial metric, known for signaling significant price movements historically, has garnered renewed attention as it nears a critical level.

Renowned crypto analyst Ali has highlighted that ADA's Market Capitalization to Realized Value (MVV) ratio has dropped below -22%, a move historically associated with notable price surges.

The MVRV ratio is a vital gauge used to assess whether an asset is undervalued or overvalued. It compares the market value (current transaction price of ADA) with the realized value (price at which ADA coins were last moved).

A negative MVRV ratio suggests that the asset is trading below its fair value, prompting investors to consider buying in anticipation of future gains. Typically, this scenario indicates an undervalued asset with the potential for significant price recovery.

For Cardano (ADA), the current MVRV rate below -22% holds historical significance, as it has preceded substantial price movements for the cryptocurrency in the past.

According to Ali, the last time ADA experienced a similar drop in the MVRV rate, it subsequently surged by up to 75%, highlighting the market's tendency to correct undervaluation and capitalize on favorable conditions.

With the MVRV ratio signaling ADA's undervaluation and positive market dynamics supporting a bullish trend, investors are keenly monitoring signs of a potential reversal in ADA's price trajectory.

#bitcoinhalving #Megadrop #binance

🐱Curious about the CatWifHat Meme Project that's been making waves lately?

The Battle of Dogs and Cats

While dogs have been leading the memecoin scene, #Catwifhat is poised to become the first feline to rise to the top of the memecoin leaderboard! A fierce battle has begun, are you ready to join?

Community-Centric Approach

CatWifHat operates on a community-driven model, where the community actively shapes the development and future of CatWifHat throughout its journey.

Key Highlights of CatWifHat

- CatWifHat is a meme cryptocurrency inspired by the cutest cats, aiming to bring joy and amusement to the crypto community.

- Proudly representing Binance's feline side, following the trend of #dogwifhat.

- Recently, our founder catwifhat raised 9,000 SOL (~$1,600,000) in a special session, only to return it all to the community.

- We've secured the first official cat trademark approval.

- CatWifHat has gained traction on various stock exchanges.

- Our community is expanding and evolving each day.

#Memecoins #binance #solana

The latest Shibarium update marks a significant milestone for the Shiba Inu (SHIB) community, showcasing a commitment to enhancing performance and accessibility.

With major upgrades to the user interface and expanded wallet compatibility, Shibarium now supports a wide range of cryptocurrency wallets, allowing users to choose their preferred providers for transactions.

This update, announced by the official Shibarium Network account on X, promises a faster, smoother, and more versatile experience, reflecting the team's dedication to maximizing speed and user satisfaction.

Through technology upgrades using NextJS and React, Shibarium has improved load times, responsiveness, and overall user interaction.

These enhancements, coupled with improved procedures and smarter error handling, demonstrate Shibarium's user-centric design and commitment to security.

The update also aligns with Shiba Inu's mission to attract both newbies and experts to the platform, emphasizing blockchain accessibility and a seamless user journey.

The ongoing efforts of the Shibarium developers highlight a continual drive to make blockchain technology more intuitive and powerful, ultimately aiming to build a strong and satisfied community.

#SHIB #MarketSentimentToday #Token2049

😱🔥Dogecoin: Has Elon Musk Made a New Acquisition?

Was $45 Million DOGE Purchased?

The cryptocurrency market has recently experienced another downturn, with its global market capitalization dropping to $2.39 trillion.

#Dogecoin (#DOGE) has also undergone a significant correction in the past few days, declining by 25.5% on weekly charts and 14.8% on 14-day charts. Despite this, the asset is still up by approximately 18% compared to the previous month.

However, amidst the correction, a recent whale purchase has stirred excitement within the Dogecoin (DOGE) community.

According to on-chain data, a whale wallet acquired 300 million DOGE valued at around $45 million. Speculation is rife about the identity of this whale, with many DOGE enthusiasts speculating that it could be Elon Musk.

Musk has been a vocal supporter of DOGE and many of his ventures accept DOGE as payment.

One reason fueling the speculation is Musk's sharing of a DOGE meme just hours before the whale purchase. This timing has not gone unnoticed by fans and investors, leading to speculation about Musk's potential involvement.

However, there is currently no concrete evidence linking Musk to the whale wallet.

Will Dogecoin (DOGE) See a Rise?
Recent market fluctuations may have prompted the whale to increase its DOGE holdings, possibly in anticipation of a price upswing. However, forecasts for DOGE are not overly optimistic.

According to COINCODEX, Dogecoin (DOGE) is expected to continue its downward trajectory over the coming weeks. The platform forecasts that the memecoin could drop to $0.133 by May 1, 2024, representing a decline of approximately 10.5% from current levels.

Additionally, CoinCodex predicts that DOGE could dip below $0.13 by mid-May.

Changelly also presents a bearish outlook for DOGE in the near future, anticipating a drop to $0.130460 by May 1, 2024. Furthermore, the platform predicts DOGE to decline further to $0.127342 by mid-May.

#Memecoins #binance #Megadrop

Earn Free AXL Tokens by Completing the Quiz! 🎉

Find all the correct answers below👇

👉Binance is thrilled to announce the upcoming round of "Binance Learn & Earn," offering users the opportunity to expand their blockchain knowledge and earn crypto rewards through courses and quizzes.

👉All users verified with KYC who haven't completed the AXL course before 2024-04-18 09:00 (UTC) are eligible for this round of "Binance Learn & Earn" to receive a set amount of AXL on a first-come, first-served basis.

👉Qualified users can start reading articles and watching videos at any time and complete quizzes until token supplies are exhausted! Remember, each course can only be completed once, and each user can qualify for a maximum of one reward per completed course.

📢Important Information:

👉Users won't be able to participate once all rewards are distributed.

👉Rewards available to eligible users will be capped per country/region.

👉AXL rewards will automatically lock in Simple Earn Locked Products for 150 days, providing users with a 10% APR.

📢ANSWERS:
1) How many validators does Axelar currently have?
Answer: 75 validators are currently active on Axelar.

2) What sets Axelar apart from other comparable cross-chain networks?
Answer: All of the above.

3) Who are adopters of Axelar technology?
Answer: All of the above.

4) What is Axelar's consensus mechanism?
Answer: Proof of Stake.

5) What analogy describes Axelar's role in today's Web3 ecosystem?
Answer: The role of overlay networks in Web3 development.

6) Define an interchain token.
Answer: An interchain token is a token that moves between chains and possesses native properties.

7) How do developers work with Axelar?
Answer: Developers use an API and a software development kit (SDK).

8) What are Axelar's installations connected to on the blockchain called?
Answer: Gateways.

#Megadrop #bitcoinhalving #BullorBear #Memecoins