This bill, which has been proposed in California, targets public officials who issue memecoins in their own name or through affiliated entities. In my opinion, the key point here is that this isn’t a blanket ban on the entire memecoin market. Rather, the aim is to impose limits on tokens created primarily by politicians that are prone to serious speculation. #californiabillwouldbarofficialmemecoins
In the short term, this news may be perceived as bearish, particularly for political memecoins. However, I believe its impact on the broader memecoin market will be limited. In fact, in the long run, a reduction in the number of highly speculative and manipulation-prone projects in the market could help make the sector more reliable.
From my perspective: This news isn’t a cause for panic across the entire memecoin market; it’s more of a negative development for the “political memecoin narrative.”
Do you think this situation will reduce interest in memecoins?
Ontology is an older coin that was listed in 2023; there haven’t really been any significant developments anyway. What matters to us is the funding collected once every hour.
Yesterday, I told you that I was keeping this position open for the funding and that I was generating a steady income every hour.
The hourly funding hasn’t stopped, and I’m still making money.
Do you think I’ll make a profit when the trade closes?
Fed Chair Kevin Warsh’s comments came in more hawkish than markets expected. Warsh said inflation is still too high, the 2% PCE target is certain and fixed, and the Fed still has work to do unless inflation returns to target at a sufficient pace.
He also noted that the labor market remains stable and financial conditions are not restrictive enough. #warshsaysinflationisfedtopfocus
Following the remarks, #Bitcoin dropped around 4%.
The scenario markets feared is back on the table: rate cuts could be delayed, while future rate hikes could even become a possibility.
For Bitcoin and other risk assets, higher-for-longer rates remain one of the biggest risks. Now, all eyes are back on the next inflation data.
$LIGHT : Frankly, this coin is outdated, and I don’t think there’s any potential for hype. Its market cap is at very low levels 9M so even if there’s manipulation, it’ll eventually crash. It’s hard to predict its short-term trajectory.
$CHILLGUY : One of the Solana memecoins its time has passed but let’s not forget that coins like ACT and PIPPIN were heavily traded in their time; it might be ChillGuy’s turn now, so it’s worth a try with a small risk.
$MAGMA : I’ve mentioned this one quite a few times before. It’s been appearing regularly on the gainers list for a while now. It’s a coin in the alpha phase, but its supply is concentrated, so its upward trend could continue.
A few days ago, I shared some clear and straightforward thoughts with you. I explained that HEMI is a project well-positioned for growth, given its overall project and token status.
You can see the result. The first reason for this was that the market cap was very low and it’s still low.
Another reason was the partnerships it had formed and its token distribution; the project had really made a name for itself in this regard.
That’s why I said it would continue to rise, and the result was a 3x increase. I think there’s more to come.
In today’s update, I can clearly say that #Bitcoin has slowed down. That strong momentum seems to have faded a bit right now.
This could be a planned move it might appear as though momentum has dropped and the price is about to fall, only to continue rising again. I think this is a high probability.
As you can see in the chart, all the liquidations have settled at the lower levels; these areas might be targeted for buying. Let’s not forget this possibility.
Right now, you can see that I’m showing a significant loss in the PNL section. Actually, the situation is a bit different when you look deeper.
The funding fee is currently charged hourly. Also, at these levels which means that anyone who opens a LONG position is making a substantial profit every hour.
These amounts will be added to the PNL when the trade closes.
Do you think I’ll be able to close this trade at a profit?
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Topic Rush: It’s an interface Binance created to help us easily find categories. For example, if there’s a “cat” meme coin hype, you can search for “cat” to find the category and see the relevant coins without getting lost among thousands of them.
I’ve shared a few categories in the image as examples. Binance Wallet really offers us many features you should definitely use it.
TODAY’S GAINERS ARE LOOKING GREAT! LET’S ANALYZE THEM
$BTR Bitlayer is an old Bitcoin network project; I think it’s a coin with absolutely no future. The recent rally is entirely due to its very low price.
$TAC is moving to capitalize on the liquidity that has accumulated following its 99% drop. It’s impossible for this coin to recover.
$BMT is the only coin among these that I think has a chance of rising—the team is active, and since the coin is at low levels, I think it could continue to rise.
These are my personal opinions. Do Your Own Research (DYOR)!
According to network volume data, 385 networks have had zero volume in the last 24 hours. In other words, they are completely dead.
In addition, there are 500 networks that can’t even generate $1 million in daily volume.
In other words, the number of networks still active in the market can be counted on one hand.
Although we’ve recently been reminded to look at different networks thanks to Robinhood, we need a major reset and for these networks to be completely wiped out.
The other day, I told you that Velvet’s end was approaching.
The reason for this is that it was constantly buying up liquidity and even trying to prey on those using 2x leverage. After these moves, it was very clear that it was nearing its end.
Yesterday, it first rose to the $0.9 level and then dropped to $0.1 a nearly 90% decline but don’t worry; if we had opened a position, they would have tried to target us too.
That’s why we gained experience by observing market dynamics.
$TAC After the recent dump, the price had been trading sideways. Now it has risen above its previous high again. If it breaks above this level, the price could continue its upward trend. Let’s keep an eye on it
$ONG I have some expectations for this coin. The first reason is that its market cap is at very low levels. The second reason is that momentum is slowly rising and continues to increase, it could go up by 2x.
$BR is one of those manipulated coins that makes it onto the gainers list from time to time, but then the very next day we see it at the top of the losers list, so it doesn’t strike me as stable. I don’t see much upside potential for it.
These are my personal thoughts. This is not investment advice.
$PROM I’ve clearly stated my opinion before: It seems likely that the uptrend will continue for a while longer. However, since this is a coin intended purely for speculation, it’s better to stay away from it.
$UAI The uptrend may continue due to its market cap. It’s at the 120M level, but the fact that it has experienced a dump before is a negative.
$PORTAL As a gaming project, it’s been at the top of the list for days; I think it will drop from these levels.