BTC Update: On the 1-hour chart, BTC is currently shaping a | Misty Widby meQh on Binance Square

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BTC Update:On the 1-hour chart, BTC is currently shaping a symmetrical triangle, indicating an imminent pattern completion. It looks set to wrap up by tonight, with expectations of a strong bullish trend starting from Monday. Traders should proceed with caution and implement risk management measures.#HotTrends #BOME #ID #BTC #ETH 

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#BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear #Memecoins ETHENA, in simpler terms, is a platform that utilizes Ethereum (ETH) as its foundation. It operates by engaging in several key activities: 1. **ETH Staking**: Users can stake their ETH in the ETHENA ecosystem, participating in a Proof-of-Stake (POS) consensus algorithm. This eliminates the need for a large upfront investment, making staking more accessible. Current returns from staking are around 3%. 2. **Profit Generation**: A significant aspect of ETHENA is its profit mechanism, primarily driven by the funding rate. By shorting ETH perpetual contracts on various centralized exchanges during bullish market conditions, ETHENA acts as a hedge fund, capitalizing on market fluctuations. This strategy enables users to profit from the difference between spot ETH and perpetual contract positions, with an annualized return of approximately 20%. 3. **Basis Trading**: ETHENA also generates income through basis trading, which involves profiting from the price difference between spot and delivery futures contracts. This results in a relatively stable annualized return of about 0.5%. ENA, the governance token of ETHENA, is distributed among core contributors, investors, foundations, and for ecological development. Additionally, 5% of the ecosystem's tokens are allocated to users through short selling.

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The fourth Bitcoin halving is set to occur on April 19, 2024, around 16:30 Turkey time (UTC+3). Hashrate Index suggests this event could impact Bitcoin's hashrate, with 3-7% potentially going offline if prices hold or rise modestly. If Bitcoin drops to around $48,000, an estimated 16% of hashrate might be affected. Unlike previous halvings, the current bull market and transaction fee activity may allow many miners to stay profitable. While the halving won't disrupt miners drastically, thin margins are expected post-event. Significant BTC price increases are necessary for miners to remain profitable, given rising production costs. Historically, halvings have kickstarted Bitcoin's bull market, and with recent ETF approval, BTC could enter a substantial bull run.#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

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In April 2024, the crypto market anticipates significant developments with the Bitcoin halving event. This event is expected to impact other assets like Solana (SOL) and Fantom (FTM). Despite Bitcoin's recent decline from its all-time high of $73,750, it has formed a bullish flag pattern suggesting a target price nearing $77,000 if the $69,715 support holds. Institutional interest and the performance of Solana's DEX Jupiter may drive SOL's price towards $250. Conversely, Fantom might experience a 20% decline due to the emergence of its first bearish signal in two months.#Memecoins #SHIB #sui #FET #APT

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Satoshi Nakamoto holds the largest stash of Bitcoins, estimated at around 1.1 million BTC, valued at approximately $47 billion as of February 2024. These coins are spread across roughly 22,000 addresses, with no known spending activity since Satoshi's departure from the project in 2010. Notable Bitcoin investors include the Winklevoss twins, who reportedly own about 70,000 BTC acquired at an average price of $10 per coin after initially investing $11 million. Another investor, Tim Draper, initially bought 40,000 BTC on Mt. Gox, but unfortunately lost them due to hacking and bankruptcy. However, he later purchased 29,656 BTC for $18.7 million in 2014 at around $632 per coin.#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

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The 2024-2026 bull run is expected to be dominated by AI-focused projects, with potential future unicorns including: - $OCEAN: Enabling data sharing and earning in a decentralized manner. - $AI: Offering an AI-driven virtual companion game with immersive story interactions. - $FET: Integrating AI, ML, Multi-Agent Systems, & DLT for the Economic Internet. - $TAO: Creating a decentralized ML network with incentivized AI markets. - $AGI: Introducing a player-owned AI MMO featuring personalized assets. - $ORAI: Providing a secure Web3 solution with decentralized AI capabilities. - $NMR: Operating an AI hedge fund trading on anonymous models. - $DEAI: Offering a DeAI platform with over 20 tools for seamless app development. - $CUDOS: Delivering scalable consensus and interoperability solutions. - $COMAI: Developing a protocol for developer collaboration and tool interoperability. - $CLORE: Establishing a GPU marketplace for AI, video rendering, and mining. - $SNS: Creating a Web3 data utility and NFT marketplace tailored for AI. - $ENQAI: Building decentralized AI for unbiased inferences. - $OFN: Establishing a decentralized AI collaboration platform.#BinanceLaunchpool #Memecoins #BullorBear #BinanceLaunchpool #BullorBear

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