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Bullish AF on DePIN! $BLZ leading the pack!
$BLZ falling wedge breaking out on daily chart🔥
RSI showing clear upward trajectory.
Next stop: $0.20? 📈 #CryptoMirror
$BLZ falling wedge breaking out on daily chart🔥
RSI showing clear upward trajectory.
Next stop: $0.20? 📈 #CryptoMirror
Bitcoin Technical Indicators Suggest Potential Short Squeeze
A recent report from 10x Research suggests that Bitcoin (BTC) may be poised for a short squeeze, fueled by improving technical indicators and potential macroeconomic catalysts.
Markus Thielen, head of research at 10x Research, highlighted that Bitcoin's Relative Strength Index (RSI) has been "bottoming out," indicating that the asset might be oversold. This, combined with a negative funding rate and increasing Open Interest (OI), suggests that short traders may be holding significant positions.
Thielen also noted that the put-to-call volume ratio is leaning towards calls, indicating that traders are more optimistic about Bitcoin's future price. This, coupled with the potential for a Donald Trump victory in the US presidential election and a potential interest rate cut by the Federal Reserve, could create a favorable environment for a short squeeze.
A short squeeze occurs when short sellers are forced to buy back their positions to avoid further losses as the price of the asset rises. In the case of Bitcoin, a short squeeze could lead to a significant price increase.
While Thielen emphasized that the market is not "massively short," the combination of technical factors and potential macroeconomic events could create the conditions for a short squeeze. However, it's important to note that the cryptocurrency market is highly volatile, and any price movement could be subject to rapid changes.
Investors should conduct their own research and consider the risks involved before making any investment decisions.
#BinanceBlockchainWeek #LowestCPI2021 $BTC #CryptoMirror
A recent report from 10x Research suggests that Bitcoin (BTC) may be poised for a short squeeze, fueled by improving technical indicators and potential macroeconomic catalysts.
Markus Thielen, head of research at 10x Research, highlighted that Bitcoin's Relative Strength Index (RSI) has been "bottoming out," indicating that the asset might be oversold. This, combined with a negative funding rate and increasing Open Interest (OI), suggests that short traders may be holding significant positions.
Thielen also noted that the put-to-call volume ratio is leaning towards calls, indicating that traders are more optimistic about Bitcoin's future price. This, coupled with the potential for a Donald Trump victory in the US presidential election and a potential interest rate cut by the Federal Reserve, could create a favorable environment for a short squeeze.
A short squeeze occurs when short sellers are forced to buy back their positions to avoid further losses as the price of the asset rises. In the case of Bitcoin, a short squeeze could lead to a significant price increase.
While Thielen emphasized that the market is not "massively short," the combination of technical factors and potential macroeconomic events could create the conditions for a short squeeze. However, it's important to note that the cryptocurrency market is highly volatile, and any price movement could be subject to rapid changes.
Investors should conduct their own research and consider the risks involved before making any investment decisions.
#BinanceBlockchainWeek #LowestCPI2021 $BTC #CryptoMirror
🍌📊 NEW LISTING 🍌📊
@BananaGunBot is now live on Token Terminal.
ICYMI: 'Banana Gun: Router 2' contract was a top 🥈 gas consumer on Ethereum in the past 30d. #CryptoMirror
@BananaGunBot is now live on Token Terminal.
ICYMI: 'Banana Gun: Router 2' contract was a top 🥈 gas consumer on Ethereum in the past 30d. #CryptoMirror
Balancing Innovation and Safety in AI Legislation
California State Senator Scott Wiener defended the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, also known as Senate Bill 1047, against criticism from Speaker Emerita Nancy Pelosi. Wiener argued that safety should not be solely entrusted to technology companies and venture capitalists. The bill requires AI developers to establish security protocols to prevent major cyberattacks. Despite facing opposition, the Assembly Appropriations Committee passed SB 1047 with significant amendments. Wiener emphasized the importance of oversight and regulation in ensuring both innovation and safety in the AI space. While some, like Pelosi and Representative Zoe Lofgren, expressed concerns about the bill, Wiener highlighted the need for state leadership in the absence of a strong federal AI safety law. The bill, which has bipartisan support, aims to foster innovation while safeguarding the public. #CryptoMirror
California State Senator Scott Wiener defended the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, also known as Senate Bill 1047, against criticism from Speaker Emerita Nancy Pelosi. Wiener argued that safety should not be solely entrusted to technology companies and venture capitalists. The bill requires AI developers to establish security protocols to prevent major cyberattacks. Despite facing opposition, the Assembly Appropriations Committee passed SB 1047 with significant amendments. Wiener emphasized the importance of oversight and regulation in ensuring both innovation and safety in the AI space. While some, like Pelosi and Representative Zoe Lofgren, expressed concerns about the bill, Wiener highlighted the need for state leadership in the absence of a strong federal AI safety law. The bill, which has bipartisan support, aims to foster innovation while safeguarding the public. #CryptoMirror
Starknet Introduces Simultaneous Transaction Processing with v0.13.2 Update
According to Foresight News, Starknet has announced the launch of Starknet v0.13.2 on its testnet, with plans to deploy it on the mainnet within a week. Starknet highlighted that traditionally, most blockchains process transactions sequentially, meaning each transaction is handled one at a time, requiring them to wait in a queue. With the new update, Starknet can now support the simultaneous execution of multiple transactions without the need for each transaction to be completed individually. Unrelated transactions can be processed concurrently as they do not interfere with each other. #CryptoMirror
According to Foresight News, Starknet has announced the launch of Starknet v0.13.2 on its testnet, with plans to deploy it on the mainnet within a week. Starknet highlighted that traditionally, most blockchains process transactions sequentially, meaning each transaction is handled one at a time, requiring them to wait in a queue. With the new update, Starknet can now support the simultaneous execution of multiple transactions without the need for each transaction to be completed individually. Unrelated transactions can be processed concurrently as they do not interfere with each other. #CryptoMirror
Brandon Cigri Joins EigenLayer Foundation Team Focusing On Ecosystem Growth And Strategy
According to Odaily, Brandon Cigri has announced on X that he is joining the EigenLayer Foundation team. Cigri will be focusing on ecosystem growth and strategy in his new role. Prior to this, he worked at Galaxy for nearly three years.#CryptoMirror
According to Odaily, Brandon Cigri has announced on X that he is joining the EigenLayer Foundation team. Cigri will be focusing on ecosystem growth and strategy in his new role. Prior to this, he worked at Galaxy for nearly three years.#CryptoMirror
🚀 Hamster Kombat Airdrop Alert! 🚀
Get ready to jump into the action with Hamster Kombat! Here’s how you can join the fun:
1. Hold the Right Crypto: Ensure you have the required amount of HAM or the designated cryptocurrency in your wallet.
2. Stay Connected: Follow Hamster on Twitter, Telegram, and other social media platforms.
3. Join the Community: Engage with the Hamster community on Telegram, Discord, and more!
4. Complete the Tasks: Finish all tasks to ensure you’re eligible for the airdrop.
Stay tuned and follow #hamsterkombat24 for the latest updates. Don’t miss out on your chance to be a part of the Hamster Kombat universe! 🌟
#BinanceLaunchpoolDOGS #MtGoxRepayments #LowestCPI2021 #CryptoMirror
Get ready to jump into the action with Hamster Kombat! Here’s how you can join the fun:
1. Hold the Right Crypto: Ensure you have the required amount of HAM or the designated cryptocurrency in your wallet.
2. Stay Connected: Follow Hamster on Twitter, Telegram, and other social media platforms.
3. Join the Community: Engage with the Hamster community on Telegram, Discord, and more!
4. Complete the Tasks: Finish all tasks to ensure you’re eligible for the airdrop.
Stay tuned and follow #hamsterkombat24 for the latest updates. Don’t miss out on your chance to be a part of the Hamster Kombat universe! 🌟
#BinanceLaunchpoolDOGS #MtGoxRepayments #LowestCPI2021 #CryptoMirror
#ETH supply in profit has hit a 2024 low, with the seven-day moving average dropping to 85.66% this week, down from 94% just three weeks ago. The decline is largely attributed to recent market sell-offs, causing ETH’s price to plummet by over 30%. This drop is pressuring recent buyers as the market corrects, highlighting the volatility in the crypto space. #CryptoMirror
$ETH
$ETH
🚨🛑✋️Dogecoin Price Tied to Trump's Election Odds_ 🚀$DOGE 🌏⤴️🪙
DOGE
0.10448
-0.8%
The price of Dogecoin is now closely tied to Donald Trump's odds of winning the 2024 US presidential election 🗳️. This unusual connection has sparked attention and speculation in the cryptocurrency community 🤔.
_Elon Musk's Endorsement_ 💡
Elon Musk's recent post on X (formerly Twitter) about serving in a hypothetical "DOGE department" in Trump's cabinet further fueled the link 📱.
_Trump's Improving Odds_ 📈
Trump's improving odds on Polymarket, a platform for betting on political outcomes, have also contributed to Dogecoin's price focus 📊.
_Sentiment and Speculation_ 🤝
This connection is largely driven by sentiment and speculation. Trump's popularity and influence could potentially boost Dogecoin's adoption and price 🚀. Additionally, Musk's involvement and endorsement add credibility and attention to Dogecoin 💸.
_Cryptocurrency Market Volatility_ 🌪️
However, it's essential to remember that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly ⏰. This unique situation adds an extra layer of unpredictability 🤯.
_Invest Wisely_ 💸
Investors should exercise caution and conduct thorough research before making decisions 📊. The connection between Dogecoin's price and Trump's election odds is a fascinating development, but it's crucial to approach it with a clear understanding of the risks and uncertainties involved 📝. #CryptoMirror
DOGE
0.10448
-0.8%
The price of Dogecoin is now closely tied to Donald Trump's odds of winning the 2024 US presidential election 🗳️. This unusual connection has sparked attention and speculation in the cryptocurrency community 🤔.
_Elon Musk's Endorsement_ 💡
Elon Musk's recent post on X (formerly Twitter) about serving in a hypothetical "DOGE department" in Trump's cabinet further fueled the link 📱.
_Trump's Improving Odds_ 📈
Trump's improving odds on Polymarket, a platform for betting on political outcomes, have also contributed to Dogecoin's price focus 📊.
_Sentiment and Speculation_ 🤝
This connection is largely driven by sentiment and speculation. Trump's popularity and influence could potentially boost Dogecoin's adoption and price 🚀. Additionally, Musk's involvement and endorsement add credibility and attention to Dogecoin 💸.
_Cryptocurrency Market Volatility_ 🌪️
However, it's essential to remember that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly ⏰. This unique situation adds an extra layer of unpredictability 🤯.
_Invest Wisely_ 💸
Investors should exercise caution and conduct thorough research before making decisions 📊. The connection between Dogecoin's price and Trump's election odds is a fascinating development, but it's crucial to approach it with a clear understanding of the risks and uncertainties involved 📝. #CryptoMirror
🔥 @binance announced the 57th project on Binance Launchpool: @realDogsHouse $DOG
🔸 Farm #DOGS by staking #BNB and $FDUSD.
🔸 $DOGS will be listed on Binance at 2024-08-26 12:00 (UTC)
Dogs is a Ton memecoin born within Telegram community:
🔐No locks or vesting.
🫂 81.5% is allocated for the community.
🏦No investors.
#DOGS #Binance #BinanceLaunchPool🔥 #CryptoMirror
🔸 Farm #DOGS by staking #BNB and $FDUSD.
🔸 $DOGS will be listed on Binance at 2024-08-26 12:00 (UTC)
Dogs is a Ton memecoin born within Telegram community:
🔐No locks or vesting.
🫂 81.5% is allocated for the community.
🏦No investors.
#DOGS #Binance #BinanceLaunchPool🔥 #CryptoMirror