After the initial readings, $JUP has pumped more than 25% already 😀
JUP was moving in a support zone for quite some time and now it's finally looking to break out. If the breakout is confirmed, we could see even more pumps. But for now, $JUP needs to stabilize around the $1.2 zone and look for new resistance hunting. This current price action looks very promoting and we could see very good movement from here. 🚀
$JUP ‘s performance has been noteworthy in the past few weeks. JUP has been continuously giving the swing traders to take good profit in this range. Current resistance looks pretty strong as JUP has failed to break this line in the past month.
We have seen similar movement around SOL's chart as well. If we see any sorta movement around $SOL , we can see a good push of the price of JUP as well. Solana based tokens are waiting for that exact moment.
Market has been pretty stale in the past few weeks so it's only fair to see price action jump from support to resistance as this does drop some trading opportunities.
As of the current situation, if $BTC hits 73K, almost 1.5B worth of shorts will be liquidated. On the other hand, around 50M is on the risk if BTC falls down to 55K. This should give you an idea about how much long and shorts are currently opened in the market. And because of this, the market is often manipulated into liquidation hunting. In that scenario, price quickly pushes towards the manipulation goal and stabilizes later on. Would suggest everyone to trade with caution. ⚠️
In just 30 days, the cryptocurrency market has witnessed the launch of over a million new tokens. This extraordinary rise indicates the quick development and growing demand for digital assets.
Since April 1st, Ethereum ( $ETH ) has seen a total of 372,642 new tokens, of which 88% are on Base, the layer-2 blockchain operated by Coinbase. Meanwhile, the success of memecoins has resulted in a notable influx of new tokens onto Solana ( $SOL ). This extraordinary activity shows the cryptocurrency landscape's ongoing development.
In the meantime, 643,227 additional tokens have been created on Solana in the same amount of time, with 466,914 of those being memecoins. This means that more than 20,000 brand-new Solana tokens are produced each day.
Few days back, I made a post about $PEPE being close to ATH, and look at the chart. It actually hit ATH for a brief moment today. Could it be temporary? I don't think so. From the movement it looks as if, the price action is trying hard to stay in place and gather some support. And if that's a success it will go for a new ATH hunt. In the last 24hrs, PEPE's trading volume has grown almost 250% standing at strong $1.5B. It's currently #9 on the list as of today.
This is such a great news for the PEPE community. Hope this keeps up
$PEPE has been showing great movement in the past couple of days and this is amazing!
PEPE is currently only 30% down from it's ATH and I think this is very touchable once again. BTC has been stable in the past couple of days and PEPE's movement is masking that. The current uptrend on the chart is definitely helping and I personally think, PEPE will touch new heights if the volume holds up.
Binance announced the 54th project on Binance Launchpool - #NOTCOIN ( $NOT ). $NOT is a community token which onboarded users into web3 through a tap-to-earn mining mechanic.
$JUP ‘s performance has been noteworthy in the past few weeks. JUP has been continuously giving the swing traders to take good profit in this range. Current resistance looks pretty strong as JUP has failed to break this line in the past month.
We have seen similar movement around SOL's chart as well. If we see any sorta movement around $SOL , we can see a good push of the price of JUP as well. Solana based tokens are waiting for that exact moment.
Market has been pretty stale in the past few weeks so it's only fair to see price action jump from support to resistance as this does drop some trading opportunities.
Binance Assists Law Enforcement in ZKasino Scam Arrest 🔥
Binance, a leading cryptocurrency exchange, has played a key role in the arrest of a suspect involved in a major crypto scam. The scam centered around a gambling platform known as ZKasino, which lured investors with the promise of high returns on their investments. However, ZKasino had no intention of honoring these promises and instead stole the invested funds.
Binance's investigations team played a critical role in bringing the perpetrator to justice. By leveraging their expertise in blockchain analysis, they were able to trace the movement of the stolen funds. This crucial information was then relayed to law enforcement agencies, who were able to apprehend the suspect.
The arrest marks a significant development in the ongoing investigation into ZKasino's fraudulent activities. Law enforcement officials have also managed to seize over $12 million worth of assets, which are likely to be returned to the defrauded investors. However, it is believed that other individuals may have been involved in the scam, and the investigation is still ongoing.
This incident highlights the importance of vigilance and due diligence when investing in cryptocurrency ventures. Investors should always thoroughly research any platform before committing their funds and be wary of promises that seem too good to be true. Binance's intervention in this case demonstrates the cryptocurrency industry's growing commitment to combating fraud and protecting investors.
$PEPE has been showing great movement in the past couple of days and this is amazing!
PEPE is currently only 30% down from it's ATH and I think this is very touchable once again. BTC has been stable in the past couple of days and PEPE's movement is masking that. The current uptrend on the chart is definitely helping and I personally think, PEPE will touch new heights if the volume holds up.
Here is some basic knowledge on the market cycle if you're interested to learn more about the market. This has helped me tremendously. Share with someone who needs to learn this👊
The market's a thrilling ride, not a steady climb. Imagine a rollercoaster! After a drop (accumulation), cautious investors see an opportunity and buy-in, keeping prices stable. Then comes the exciting climb (markup) fueled by optimism, where everyone jumps in. But like any party, it can't last (distribution). Savvy investors cash out, and warning signs appear. Don't get stuck at the top! Finally, the gut-wrenching drop (markdown) hits, punishing those who held on too long. Recognizing these cycles (accumulation, markup, distribution, markdown) is your ticket to smarter investing, but remember, the market can be unpredictable.