#ID #SpaceID Rise above 0.685$ , Got 52% 🚀 Waiting for more | CryptoPatel on Binance Square

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14 Apr 2023

Bullish

#ID #SpaceID Rise above 0.685$ , Got 52% 🚀 Waiting for more & Follow Me ✅

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🔵 Toncoin Price Prediction: $TON Bulls Target $4.6 As VCs Pour In $400M+ Another optimistic sign is that TON’s open interest (OI) is reaching a new yearly high. According to Coinglass data, TON futures OI on exchanges has risen from $151.28 on March 26 to $192.20 million on Monday, the highest level this year. The rising OI represents new or additional money entering the market and new purchases, suggesting a rally in TON’s price is coming. #TON #Toncoin

3h

🔹 $ETH May Fall to $1,000 🤑 A Bloomberg analyst believes that ETH is highly correlated with other assets. Therefore, it may correct to $1,000 due to market volatility. Coindesk noted that the ETH/BTC pair has reached a 5-year low (since May 2020). Since the beginning of the year, ETH has fallen by 39% against BTC, and from the peak of 2024, ETH has lost 55% Fun fact: If you had invested $1,000 in ETH exactly three years ago, you would have $537 today. #ETH #Ethereum

3h

💥 Litecoin ($LTC ) Decouples From Bitcoin in Key Metric: Details The Litecoin (LTC) open interest data shows the coin has experienced a mild surge in the past 24 hours. Interestingly, the LTC open interest outlook has outpaced that of Bitcoin, a mild case of decoupling at a time when the broader digital currency ecosystem is seeing a drawdown. 🔸 Litecoin open interest data Per data from CoinGlass, Litecoin's open interest has jumped by 1.4% in 24 hours as of press time. With this uptick, futures traders have committed 5.46 million LTC, which is worth $448.71 million. Open interest figures show outstanding contracts, a sign of active trading on the derivatives market. Despite the price slump, the uptick in open interest has shown a renewed bullish shift from LTC investors. While the market is growing volatile overall, this Litecoin futures interest can help trigger a rebound in the coin's price. Per market data, Bitcoin was changing hands for $81.08, down 6.33% in the past 24 hours. Litecoin has dropped even more on longer time frames, down more than 13% over the past week and 35% in the past month. While what might fuel the coin’s rebound remains unknown, peaking open interest on Binance and OKX may help jumpstart the rally. 🔸 LTC back in spotlight As U.Today reported in the past week, Litecoin whales returned to the spotlight, with more than 107 million LTC traded in one day. This whale emergence signals sustained confidence in the top coin's longer-term outlook. While the bears are dominating the market at this time, top market experts like Peter Brandt recently spotted a buying opportunity on Litecoin’s chart. They are confident that the coin can revive its potential and soar as one of the top 10 best performers. The potential Litecoin ETF product, which has the highest approval odds, also presents a positive future outlook for the digital currency. #LTC #Litecoin

5h

💬 Elon Musk says US government has no plans to use #Dogecoin Elon Musk clarified today that the US government has no plans to use Dogecoin, addressing speculation that links the popular crypto asset—which he has long endorsed—to the Department of Government Efficiency (DOGE) project he is currently leading. 💬 “There are no plans for the government to use Dogecoin or anything, as far as I know,” Musk said, speaking at an America PAC town hall in Green Bay, Wisconsin, on Sunday. Musk revealed he initially planned to name the initiative the “Government Efficiency Commission” but changed it to “Department of Government Efficiency” following public input. 💬 “I was going to call it the Government Efficiency Commission, but that’s a super boring name,” he said. The project aims to improve government operational efficiency by 15%, according to Musk. “Really, it’s just we’re just literally trying to make the government 15% more efficient,” he stated. The confusion arises from the playful naming of the department, which coincides with Musk’s well-known association with Dogecoin as a meme crypto. Tesla’s CEO has consistently expressed enthusiasm for Dogecoin through his tweets and public statements. He previously defended Dogecoin’s inflationary model, calling it “a feature” that supports its usability for everyday transactions. 🔸 Musk to step down after leading $1 trillion government spending cut Musk said in a recent interview with Fox News that he will step down from his role in the Trump administration after achieving a $1 trillion reduction in the US federal deficit. The tech mogul is confident that most of the work required for this cost-cutting goal could be completed within 130 days. He estimated that his tenure could end at the end of May. DOGE, a small team of engineers and entrepreneurs, has aggressively cut government spending since their establishment, laying off thousands of federal employees and eliminating what they call waste, fraud, and inefficiency. #DOGE #ElonMusk

6h

🔎 The market is drawing market formations Friends, altcoin market capitalisation has perfectly tested the multi-year support line today. 95% of useless projects are gone or didn't survive in the market - this is a good sign for new growth. ❕ If you've been waiting for a good time to accumulate altcoins, I think you can buy (although most of you are probably already sitting with bags of tokens) 🐳 #Altcoin #altcoins

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