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BSC Chain shockingly debuts: X314 soars 500 times! Market value of $15 million is just the beginning, and it is expected to exceed $200 million! Is it the next crazy hot spot or a huge bubble?After the crazy "Dogcoin" market on Solana chain came to an end, the latest hot spot on the chain came to BSC chain again. This time, a new protocol that has attracted much attention has emerged on the BSC chain, which is said to be another innovative work after the Ordinals protocol. This protocol is hailed as a phenomenal product, and its increase has reached 500 times since its launch, but its market value is only 15 million US dollars, which has not yet reached its peak. According to the current trend, it is expected to exceed 200 million US dollars in market value. First, let's take a look at X314: X314 is an innovation in the blockchain field. It is the first peer-to-peer, decentralized, two-way interactive underlying protocol. As a revolutionary, disruptive and creative technology, X314 will bring new possibilities to the entire blockchain industry. X314 platform coin will become the core token of this underlying protocol and will soon be launched in multiple ecological fields, including launch pads, farms, cross-chain bridges, etc. This will provide users with a wider range of application scenarios and more interactive opportunities.

BSC Chain shockingly debuts: X314 soars 500 times! Market value of $15 million is just the beginning, and it is expected to exceed $200 million! Is it the next crazy hot spot or a huge bubble?

After the crazy "Dogcoin" market on Solana chain came to an end, the latest hot spot on the chain came to BSC chain again. This time, a new protocol that has attracted much attention has emerged on the BSC chain, which is said to be another innovative work after the Ordinals protocol. This protocol is hailed as a phenomenal product, and its increase has reached 500 times since its launch, but its market value is only 15 million US dollars, which has not yet reached its peak. According to the current trend, it is expected to exceed 200 million US dollars in market value.

First, let's take a look at X314:
X314 is an innovation in the blockchain field. It is the first peer-to-peer, decentralized, two-way interactive underlying protocol. As a revolutionary, disruptive and creative technology, X314 will bring new possibilities to the entire blockchain industry. X314 platform coin will become the core token of this underlying protocol and will soon be launched in multiple ecological fields, including launch pads, farms, cross-chain bridges, etc. This will provide users with a wider range of application scenarios and more interactive opportunities.
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Recent hot topics Story reimagining: TIA, ALT, MANTA Exploration of the next generation of public chains: SUI, APT, SEI, TON Next level technology revolution: STRK, OP, ARB Emerging forces in the mortgage field: LDO, SSV, ETHFI New trends in distributed storage and mobile applications: FIL, MOBILE Blockchainization of physical assets: MKR, POLYX, RIO, ONDO Star in TON Ecosystem: UP Gems of the Solana Ecosystem: RAY, PYTH, JUP, JTO The new wave of meme culture: PEPE, WIF, BOME #solana
Recent hot topics
Story reimagining: TIA, ALT, MANTA
Exploration of the next generation of public chains: SUI, APT, SEI, TON
Next level technology revolution: STRK, OP, ARB
Emerging forces in the mortgage field: LDO, SSV, ETHFI
New trends in distributed storage and mobile applications: FIL, MOBILE
Blockchainization of physical assets: MKR, POLYX, RIO, ONDO
Star in TON Ecosystem: UP
Gems of the Solana Ecosystem: RAY, PYTH, JUP, JTO
The new wave of meme culture: PEPE, WIF, BOME
#solana
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What the Bitcoin Halving Means for Ordinal and BRC-20 TokensWith just hours until the Bitcoin halving and the associated rollout of the Rune-based fungible token standard, collectors on the top chains may be wondering: what does this have to do with Ordinals NFT-like inscriptions on-chain? And what about BRC-20 fungible tokens built on the Ordinals protocol? Unlike Ethereum’s “merge” transformation in late 2022, there is no reason to worry about what will happen to the on-chain Bitcoin asset after the halving. The halving simply refers to the reduction in mining rewards every four years, which slows the supply of new Bitcoins entering the market and often leads to an eventual price surge.

What the Bitcoin Halving Means for Ordinal and BRC-20 Tokens

With just hours until the Bitcoin halving and the associated rollout of the Rune-based fungible token standard, collectors on the top chains may be wondering: what does this have to do with Ordinals NFT-like inscriptions on-chain? And what about BRC-20 fungible tokens built on the Ordinals protocol?

Unlike Ethereum’s “merge” transformation in late 2022, there is no reason to worry about what will happen to the on-chain Bitcoin asset after the halving. The halving simply refers to the reduction in mining rewards every four years, which slows the supply of new Bitcoins entering the market and often leads to an eventual price surge.
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The 4 Most Profitable Solana Meme Tokens During HalvingToday is the last day before Bitcoin’s fourth halving, which will cut the block reward from 6.25 BTC to 3.125 BTC. As many predicted, the cryptocurrency market has gone through a correction zone. As a result, most cryptocurrencies lost their current gains and entered a downtrend. However, today, crypto assets began to recover, including the Solana meme coin. In the past few months alone, Solana has become the most popular network for meme coins, which is why many coins have been launched on this network. In this blog, let’s discuss the most profitable Solana meme coin right now (a few hours before Bitcoin halving).

The 4 Most Profitable Solana Meme Tokens During Halving

Today is the last day before Bitcoin’s fourth halving, which will cut the block reward from 6.25 BTC to 3.125 BTC. As many predicted, the cryptocurrency market has gone through a correction zone. As a result, most cryptocurrencies lost their current gains and entered a downtrend. However, today, crypto assets began to recover, including the Solana meme coin.
In the past few months alone, Solana has become the most popular network for meme coins, which is why many coins have been launched on this network. In this blog, let’s discuss the most profitable Solana meme coin right now (a few hours before Bitcoin halving).
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GALA is the native cryptocurrency that powers Gala Games' blockchain-based gaming platform. Players can use GALA cryptocurrency to create, own, and trade in-game assets. This Metaverse token based on a decentralized ecosystem is gradually gaining market attention. According to forecasts, by the end of 2024, the price of GALA could reach $0.0877, showing its potential as a cryptocurrency worth buying.
GALA is the native cryptocurrency that powers Gala Games' blockchain-based gaming platform. Players can use GALA cryptocurrency to create, own, and trade in-game assets. This Metaverse token based on a decentralized ecosystem is gradually gaining market attention. According to forecasts, by the end of 2024, the price of GALA could reach $0.0877, showing its potential as a cryptocurrency worth buying.
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Bitcoin will be halved tomorrow. What are Degens betting on?Where are Bitcoin bulls making leveraged bets? BTC Beta. The Bitcoin halving is coming up on Saturday, April 20, but for crypto enthusiasts, holding Bitcoin is far from an exciting activity! What can you do to gain high beta exposure to BTC ahead of this event and potentially capture enhanced upside (or downside)? Historically, Bitcoin halvings have coincided with significant price increases in Bitcoin as the inflationary block reward reduction reduces selling pressure from miners and allows Bitcoin to enter price discovery mode.

Bitcoin will be halved tomorrow. What are Degens betting on?

Where are Bitcoin bulls making leveraged bets?
BTC Beta. The Bitcoin halving is coming up on Saturday, April 20, but for crypto enthusiasts, holding Bitcoin is far from an exciting activity! What can you do to gain high beta exposure to BTC ahead of this event and potentially capture enhanced upside (or downside)?
Historically, Bitcoin halvings have coincided with significant price increases in Bitcoin as the inflationary block reward reduction reduces selling pressure from miners and allows Bitcoin to enter price discovery mode.
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The Bitcoin inscription meme coin WZRD that I chatted about in the video yesterday briefly broke through $12 and is now priced at $11.38, a 24-hour increase of 59.3% #wzrd
The Bitcoin inscription meme coin WZRD that I chatted about in the video yesterday briefly broke through $12 and is now priced at $11.38, a 24-hour increase of 59.3%
#wzrd
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Akan Today's Spot Password Recommendation B: TON Recommendation reason: TON blockchain has acquired a huge user base through integration with Telegram, creating a good environment for dApps development. Its architecture adopts advanced consensus mechanism and sharding technology to maintain technological leadership and efficiently process transactions. The ecosystem has expanded rapidly, covering TON storage, websites and DeFi applications. The project has received investment from major institutions such as DWF Labs, showing a high degree of confidence among investors, and financial support has accelerated the development of TON's infrastructure and applications.
Akan Today's Spot Password
Recommendation B: TON
Recommendation reason:
TON blockchain has acquired a huge user base through integration with Telegram, creating a good environment for dApps development.
Its architecture adopts advanced consensus mechanism and sharding technology to maintain technological leadership and efficiently process transactions.
The ecosystem has expanded rapidly, covering TON storage, websites and DeFi applications.
The project has received investment from major institutions such as DWF Labs, showing a high degree of confidence among investors, and financial support has accelerated the development of TON's infrastructure and applications.
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Omni plunged an astonishing 44%! Billions of market value evaporated overnight! Can Omni return to its peak in adversity?The Omni token price has been experiencing wild volatility recently, with its value falling sharply yesterday, dropping by 44.57%. The drop came after a key airdrop event, which caused the market value of the major blockchain platform Omni Network to evaporate by more than half. The previous trading day, the OMNI token had hit an all-time high of $54.24, followed by a sharp price correction. Omni, a layer-one blockchain platform, launched on April 17 and distributed 3 million OMNI tokens, which is 3% of its total supply of 100 million. The airdrop had a market valuation of up to $560 million, showing a strong entry of Omni Network in the cryptocurrency market. However, its market value subsequently dropped sharply to about $263 million, while at the same time, the trading volume surged 629% to a total of $538 million, reflecting a sharp increase in investor activity.

Omni plunged an astonishing 44%! Billions of market value evaporated overnight! Can Omni return to its peak in adversity?

The Omni token price has been experiencing wild volatility recently, with its value falling sharply yesterday, dropping by 44.57%. The drop came after a key airdrop event, which caused the market value of the major blockchain platform Omni Network to evaporate by more than half. The previous trading day, the OMNI token had hit an all-time high of $54.24, followed by a sharp price correction.

Omni, a layer-one blockchain platform, launched on April 17 and distributed 3 million OMNI tokens, which is 3% of its total supply of 100 million. The airdrop had a market valuation of up to $560 million, showing a strong entry of Omni Network in the cryptocurrency market. However, its market value subsequently dropped sharply to about $263 million, while at the same time, the trading volume surged 629% to a total of $538 million, reflecting a sharp increase in investor activity.
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The sudden surge to 65,000, the global market has recently experienced violent fluctuations, causing Bitcoin BTC and Ethereum ETH to fall sharply, with cumulative losses reaching as high as 230 million US dollars!The price of Bitcoin temporarily fell below $60,000, and Ethereum also plummeted to $2,900. Globally, the market liquidation losses amounted to $230 million. It's starting to explode. It's starting to pick up before I finished writing this article. Keep going up. Don't mess with me. Tomorrow (April 20), Bitcoin will undergo its fourth halving, when the block reward will be reduced from 6.25 BTC to 3.125 BTC. This halving will reduce the daily issuance from about 900 BTC to 450 BTC, and the annual issuance rate from 1.7% to 0.85%. According to Coin Metrics data, 93.7% of the total supply of Bitcoin will be in circulation by then. Bitcoin halving occurs every four years, approximately every 210,000 blocks. After the fourth halving, the network is expected to undergo 30 halvings until the last Bitcoin is mined in 2140. After that, miners' income will be entirely dependent on transaction fees and other off-chain payment methods.

The sudden surge to 65,000, the global market has recently experienced violent fluctuations, causing Bitcoin BTC and Ethereum ETH to fall sharply, with cumulative losses reaching as high as 230 million US dollars!

The price of Bitcoin temporarily fell below $60,000, and Ethereum also plummeted to $2,900. Globally, the market liquidation losses amounted to $230 million.

It's starting to explode. It's starting to pick up before I finished writing this article. Keep going up. Don't mess with me.
Tomorrow (April 20), Bitcoin will undergo its fourth halving, when the block reward will be reduced from 6.25 BTC to 3.125 BTC. This halving will reduce the daily issuance from about 900 BTC to 450 BTC, and the annual issuance rate from 1.7% to 0.85%. According to Coin Metrics data, 93.7% of the total supply of Bitcoin will be in circulation by then.
Bitcoin halving occurs every four years, approximately every 210,000 blocks. After the fourth halving, the network is expected to undergo 30 halvings until the last Bitcoin is mined in 2140. After that, miners' income will be entirely dependent on transaction fees and other off-chain payment methods.
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While recent market activity has caused XRP’s value to drop by around 22% over the past week, with prices dropping from $0.60 last Thursday to $0.44 over the weekend, there are signs of recovery within the altcoin. Early this morning, XRP saw a slight uptick, gaining around 1.2% and hitting a 24-hour high of $0.50. However, as of the time of writing, the altcoin has retreated 0.4% and is currently trading at $0.49 in the market.
While recent market activity has caused XRP’s value to drop by around 22% over the past week, with prices dropping from $0.60 last Thursday to $0.44 over the weekend, there are signs of recovery within the altcoin.

Early this morning, XRP saw a slight uptick, gaining around 1.2% and hitting a 24-hour high of $0.50. However, as of the time of writing, the altcoin has retreated 0.4% and is currently trading at $0.49 in the market.
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Akan today's spot code: Recommendation B: CHZ Recommendation reason: The bottom shock is about to end, the World Cup is coming, and it will definitely rise sharply. If you want to buy the bottom, Akan will not stop you! #CHZ
Akan today's spot code:
Recommendation B: CHZ
Recommendation reason: The bottom shock is about to end, the World Cup is coming, and it will definitely rise sharply. If you want to buy the bottom, Akan will not stop you!
#CHZ
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5 Top Meme Tokens Aspiring for 20-50x Returns After Bitcoin HalvingThe cryptocurrency industry anticipates the upcoming Bitcoin halving, bringing a bullish outlook for famous meme coins. Among them, meme coins such as long Dogecoin (DOGE), Shiba Inucoin (SHIB), Dogwifhat (WIF), Pepecoin (PEPE), and Flokicoin (FLOKI) have attracted investors’ interest. While these cryptocurrencies have experienced price declines recently, they are now leading contenders for massive gains, with potential returns of 20 to 50 times their value after the halving. 1. Dogecoin (DOGE) Dogecoin (DOGE), the leading cryptocurrency inspired by the viral Shiba Inu-themed “doge” meme, has seen its value drop over the past seven days. Still, its performance in recent months has been notable.

5 Top Meme Tokens Aspiring for 20-50x Returns After Bitcoin Halving

The cryptocurrency industry anticipates the upcoming Bitcoin halving, bringing a bullish outlook for famous meme coins. Among them, meme coins such as long Dogecoin (DOGE), Shiba Inucoin (SHIB), Dogwifhat (WIF), Pepecoin (PEPE), and Flokicoin (FLOKI) have attracted investors’ interest.
While these cryptocurrencies have experienced price declines recently, they are now leading contenders for massive gains, with potential returns of 20 to 50 times their value after the halving.
1. Dogecoin (DOGE)
Dogecoin (DOGE), the leading cryptocurrency inspired by the viral Shiba Inu-themed “doge” meme, has seen its value drop over the past seven days. Still, its performance in recent months has been notable.
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What’s Next for TON Price?Toncoin is a major player in the cryptocurrency space, and its cryptic hints about a major upcoming announcement have stirred excitement among market participants. Notably, this teaser, unveiled by the Ton Foundation in a recent X-post, has sparked discussion and speculation within the crypto community, with all eyes on Ton’s next move and its potential impact on TON’s price. Toncoin's mysterious tease sparks speculation The Toncoin cryptocurrency has attracted investors’ attention today with its recent X post. Notably, the post has sparked speculation in the cryptocurrency community about the possible actions that the project may take in the coming days.

What’s Next for TON Price?

Toncoin is a major player in the cryptocurrency space, and its cryptic hints about a major upcoming announcement have stirred excitement among market participants. Notably, this teaser, unveiled by the Ton Foundation in a recent X-post, has sparked discussion and speculation within the crypto community, with all eyes on Ton’s next move and its potential impact on TON’s price.
Toncoin's mysterious tease sparks speculation
The Toncoin cryptocurrency has attracted investors’ attention today with its recent X post. Notably, the post has sparked speculation in the cryptocurrency community about the possible actions that the project may take in the coming days.
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Bitcoin BTC loses 60,000 as suspense intensifies: will it soar to 70,000 or fall to 50,000? The halving event will be a key turning point!As the Bitcoin halving event approaches, the market predicts that the value of Bitcoin may surge to $50,000 or even $70,000. This important event, expected to take place on April 20, 2024, has attracted much attention for its significant impact on Bitcoin supply and demand. Currently, the global cryptocurrency market is in a sluggish performance, and Bitcoin has not yet recovered to its historical highs, causing investors to worry about potential fluctuations in its price. Against this backdrop, analysts and investors are paying close attention to key technical indicators such as support and resistance levels that will help reveal Bitcoin’s likely future direction.

Bitcoin BTC loses 60,000 as suspense intensifies: will it soar to 70,000 or fall to 50,000? The halving event will be a key turning point!

As the Bitcoin halving event approaches, the market predicts that the value of Bitcoin may surge to $50,000 or even $70,000. This important event, expected to take place on April 20, 2024, has attracted much attention for its significant impact on Bitcoin supply and demand. Currently, the global cryptocurrency market is in a sluggish performance, and Bitcoin has not yet recovered to its historical highs, causing investors to worry about potential fluctuations in its price. Against this backdrop, analysts and investors are paying close attention to key technical indicators such as support and resistance levels that will help reveal Bitcoin’s likely future direction.
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Hello everyone, I am Ahan from the Direction Community. Today I will talk to you about two inscription projects, Wizard and Puppet Monkey. Let's talk about Omni, which was just launched at 8 o'clock last night. It can be sold for more than 50 U in one minute. It fell badly a few hours later and is now around 24 U. Ahan recommends not to participate in the launch of new coins, and to wait and see. According to today's K-line, the main downward trend is new coins, and the altcoins are close to the bottom and are starting to pick up. Last week, the entire crypto market experienced a wave of violent fluctuations. The price correction of Bitcoin caused a wide range of impacts, and even caused many altcoins to fall sharply. In this generally bearish atmosphere in the market, several projects in the Meme sector of the Bitcoin ecosystem unexpectedly rose against the trend, especially the WZRD (Wizard) and PUPS (Puppet Monkey) concept of picture coins, which performed particularly well. These two projects not only performed well during the collective downturn in the market, but also showed strong market appeal. WZRD is an Ordinal NFT project belonging to the BTC ecosystem, launched in March 2023, with a total circulation of 1,337. The project started at 0.005 BTC, and its price has now increased 60 times. The project was inspired by the image of a wizard created by the artist mavensbot on the night of February 18, 2013, which first appeared on the Reddit forum. Initially, the "Magic internet Money" advertisement created by mavensbot not only became an iconic advertisement for Bitcoin, but also quickly became one of the most popular advertisements on the forum. To celebrate the tenth anniversary of the release of this wizard image, the Bitcoin Wizard project was born. The success of this project is not only due to its unique artistic value and cultural significance, but also due to its scarcity and enthusiastic support from the community. In the field of digital currency, the cultural heritage and creative novelty of the project are often important factors driving its value growth. PUPS is a project combining graphics and coins. PUPS is a meme coin in the Bitcoin ecosystem. A certain percentage of tokens are airdropped to NFT holders of the "Puppet Monkey Generation". 100% of the tokens are initially distributed and the team does not hold any tokens. According to the latest official information, the token PUPS is deployed on BRC-20 and SOL, with a total of 7.700 million, NFT Pups are deployed on the Ordinal protocol, with a total of 230 million, and a total of 1 billion pictures and coins. ZJ0306120 Since the image of PUPS is a puppet monkey with a Bitcoin logo, it is also called the Bitcoin version of "WIF" by the European and American communities. It can be said that most of the surge in this round of PUPS tokens is led by the European and American communities. At present, in the European and American Bitcoin ecological communities, inscriptions and tokens related to puppet monkeys have attracted much attention, forming a huge "Puppet Empire". The latest trend is that a new model represented by PUPS has emerged in the inscription market, namely the "IP Matrix" gameplay. The core of this model is to use an Ordinals NFT as the basis and then issue a BRC-20 token. It is also worth noting that PUPS will also migrate to the Runes protocol. Perhaps when the block height reaches 84 and the Runes protocol starts Mint, combined with the hype of BTC halving, the "Puppet Empire" will detonate the entire crypto market and bring another spring to the BTC ecosystem. That’s all for today’s sharing. I hope it can be helpful for your investment. See you next time!
Hello everyone, I am Ahan from the Direction Community. Today I will talk to you about two inscription projects, Wizard and Puppet Monkey. Let's talk about Omni, which was just launched at 8 o'clock last night. It can be sold for more than 50 U in one minute. It fell badly a few hours later and is now around 24 U. Ahan recommends not to participate in the launch of new coins, and to wait and see. According to today's K-line, the main downward trend is new coins, and the altcoins are close to the bottom and are starting to pick up.
Last week, the entire crypto market experienced a wave of violent fluctuations. The price correction of Bitcoin caused a wide range of impacts, and even caused many altcoins to fall sharply. In this generally bearish atmosphere in the market, several projects in the Meme sector of the Bitcoin ecosystem unexpectedly rose against the trend, especially the WZRD (Wizard) and PUPS (Puppet Monkey) concept of picture coins, which performed particularly well. These two projects not only performed well during the collective downturn in the market, but also showed strong market appeal.
WZRD is an Ordinal NFT project belonging to the BTC ecosystem, launched in March 2023, with a total circulation of 1,337. The project started at 0.005 BTC, and its price has now increased 60 times. The project was inspired by the image of a wizard created by the artist mavensbot on the night of February 18, 2013, which first appeared on the Reddit forum. Initially, the "Magic internet Money" advertisement created by mavensbot not only became an iconic advertisement for Bitcoin, but also quickly became one of the most popular advertisements on the forum. To celebrate the tenth anniversary of the release of this wizard image, the Bitcoin Wizard project was born. The success of this project is not only due to its unique artistic value and cultural significance, but also due to its scarcity and enthusiastic support from the community. In the field of digital currency, the cultural heritage and creative novelty of the project are often important factors driving its value growth.
PUPS is a project combining graphics and coins. PUPS is a meme coin in the Bitcoin ecosystem. A certain percentage of tokens are airdropped to NFT holders of the "Puppet Monkey Generation". 100% of the tokens are initially distributed and the team does not hold any tokens. According to the latest official information, the token PUPS is deployed on BRC-20 and SOL, with a total of 7.700 million, NFT Pups are deployed on the Ordinal protocol, with a total of 230 million, and a total of 1 billion pictures and coins. ZJ0306120
Since the image of PUPS is a puppet monkey with a Bitcoin logo, it is also called the Bitcoin version of "WIF" by the European and American communities. It can be said that most of the surge in this round of PUPS tokens is led by the European and American communities. At present, in the European and American Bitcoin ecological communities, inscriptions and tokens related to puppet monkeys have attracted much attention, forming a huge "Puppet Empire". The latest trend is that a new model represented by PUPS has emerged in the inscription market, namely the "IP Matrix" gameplay. The core of this model is to use an Ordinals NFT as the basis and then issue a BRC-20 token. It is also worth noting that PUPS will also migrate to the Runes protocol. Perhaps when the block height reaches 84 and the Runes protocol starts Mint, combined with the hype of BTC halving, the "Puppet Empire" will detonate the entire crypto market and bring another spring to the BTC ecosystem. That’s all for today’s sharing. I hope it can be helpful for your investment. See you next time!
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I want to take a holiday. How about going to Anji on May Day?
I want to take a holiday. How about going to Anji on May Day?
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Bitcoin Market Dynamics: Latest Price Fluctuations and Outlook On April 17, 2024, the latest developments in Bitcoin prices once again became the focus of market discussion. Currently, the cryptocurrency known as "digital gold" is trading at $61,577, down about 2.50% from the previous day, with a 24-hour trading volume of $4.2 billion. Despite the short-term price correction, Bitcoin's market value is still as high as $1.21 trillion, continuing to lead CoinMarketCap. The number of Bitcoins in circulation is currently 19,685,362, gradually approaching its maximum issuance limit of 210,000. Market analysts are closely watching the upcoming key events and their possible impact on price trends. The halving event is coming, and mining companies face new opportunities As Bitcoin prices fluctuate, related mining companies have also received widespread attention. Bitcoin's next halving event is expected to serve as an important catalyst for price increases. Bitcoin halving means halving the block reward, which will lead to a decrease in the production of new Bitcoins, and this event has historically usually triggered a rise in prices. Investors are particularly concerned about mining companies such as Riot Platforms and CleanSpark. According to Bernstein's latest research report, these companies may receive significant market returns on the eve of Bitcoin halving due to their superior mining machine computing power. Technical analysis shows that the medium and long term is still optimistic Although the current technical side of Bitcoin shows that it may be temporarily oversold, its current support level is $59,869. If it falls below this level, the next key support levels will be $57,135 and $54,359. Bitcoin's relative strength index (RSI) is currently around 32, indicating that it may still be in a downtrend in the short term. At the same time, Bitcoin's 50-day exponential moving average has formed further resistance, reinforcing the current downward trend. Market analysts expect that Bitcoin may continue to perform poorly in the short term. Historical review and future outlook Every time Bitcoin is halved, it is accompanied by sharp price fluctuations. For example, after the halving events in 2012 and 2016, Bitcoin prices experienced significant increases respectively. Although this round of halving cycle is slightly different from the previous ones, analysts still expect Bitcoin to continue to rise after the halving, and it is expected to reach a new high of $150,000 in 2025. In general, although Bitcoin may face some challenges in the short term, in the medium and long term, due to the continuous inflow of ETF funds and the promotion of halving events, Bitcoin is expected to achieve new price breakthroughs. This makes many industry insiders remain optimistic about its future trend.
Bitcoin Market Dynamics: Latest Price Fluctuations and Outlook
On April 17, 2024, the latest developments in Bitcoin prices once again became the focus of market discussion. Currently, the cryptocurrency known as "digital gold" is trading at $61,577, down about 2.50% from the previous day, with a 24-hour trading volume of $4.2 billion. Despite the short-term price correction, Bitcoin's market value is still as high as $1.21 trillion, continuing to lead CoinMarketCap.
The number of Bitcoins in circulation is currently 19,685,362, gradually approaching its maximum issuance limit of 210,000. Market analysts are closely watching the upcoming key events and their possible impact on price trends.
The halving event is coming, and mining companies face new opportunities
As Bitcoin prices fluctuate, related mining companies have also received widespread attention. Bitcoin's next halving event is expected to serve as an important catalyst for price increases. Bitcoin halving means halving the block reward, which will lead to a decrease in the production of new Bitcoins, and this event has historically usually triggered a rise in prices.
Investors are particularly concerned about mining companies such as Riot Platforms and CleanSpark. According to Bernstein's latest research report, these companies may receive significant market returns on the eve of Bitcoin halving due to their superior mining machine computing power.
Technical analysis shows that the medium and long term is still optimistic
Although the current technical side of Bitcoin shows that it may be temporarily oversold, its current support level is $59,869. If it falls below this level, the next key support levels will be $57,135 and $54,359. Bitcoin's relative strength index (RSI) is currently around 32, indicating that it may still be in a downtrend in the short term.
At the same time, Bitcoin's 50-day exponential moving average has formed further resistance, reinforcing the current downward trend. Market analysts expect that Bitcoin may continue to perform poorly in the short term.
Historical review and future outlook
Every time Bitcoin is halved, it is accompanied by sharp price fluctuations. For example, after the halving events in 2012 and 2016, Bitcoin prices experienced significant increases respectively. Although this round of halving cycle is slightly different from the previous ones, analysts still expect Bitcoin to continue to rise after the halving, and it is expected to reach a new high of $150,000 in 2025.
In general, although Bitcoin may face some challenges in the short term, in the medium and long term, due to the continuous inflow of ETF funds and the promotion of halving events, Bitcoin is expected to achieve new price breakthroughs. This makes many industry insiders remain optimistic about its future trend.
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Akan's market share today Yesterday, the price of Bitcoin briefly fell below the important psychological level of 60,000, but then successfully recovered. At the same time, Ethereum also rebounded from a low of 2,900. Market observations show that despite the correction experienced by Bitcoin, Ethereum bulls actively intervened to stabilize the market, suggesting strong support. In addition, although Bitcoin fell yesterday, other altcoins did not fully follow its trend, showing independent market performance. It is expected that the market will experience volatility before the next round of Bitcoin production cuts, and may lead to panic selling by investors. Today's crypto market outlook For Bitcoin, the market expects prices to fluctuate between 60,000 and 73,000 in the last 1.5 days before the production cut. Yesterday, Bitcoin hit a low near 60,000, and it is expected that it may rebound mainly around 64,000 in the near future, and market volatility expectations are relatively mild. In terms of Ethereum, obvious market support was found near MA120. The current market view expects Ethereum to continue to rebound from this support level, with a focus on potential pressure points near 3126.
Akan's market share today
Yesterday, the price of Bitcoin briefly fell below the important psychological level of 60,000, but then successfully recovered. At the same time, Ethereum also rebounded from a low of 2,900. Market observations show that despite the correction experienced by Bitcoin, Ethereum bulls actively intervened to stabilize the market, suggesting strong support.
In addition, although Bitcoin fell yesterday, other altcoins did not fully follow its trend, showing independent market performance. It is expected that the market will experience volatility before the next round of Bitcoin production cuts, and may lead to panic selling by investors.
Today's crypto market outlook
For Bitcoin, the market expects prices to fluctuate between 60,000 and 73,000 in the last 1.5 days before the production cut. Yesterday, Bitcoin hit a low near 60,000, and it is expected that it may rebound mainly around 64,000 in the near future, and market volatility expectations are relatively mild.
In terms of Ethereum, obvious market support was found near MA120. The current market view expects Ethereum to continue to rebound from this support level, with a focus on potential pressure points near 3126.
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