Trading is a game of self-competition 🏆. Loving the challen | CryptoWatchers on Binance Square

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Trading is a game of self-competition 🏆. Loving the challenge 💪, where you are your only rival 👥, is key to succeeding. It's not about fighting the market 📈, it's about mastering yourself 👨‍🎓.
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Manta Network, a platform dedicated to building scalable decentralized applications, has recently gained significant attention due to its $MANTA token airdrop and subsequent token issuance. The airdrop, which took place on January 18, 2024, was a gesture of gratitude to the long-term supporters of Manta's two networks, Manta Pacific and Manta Atlantic. The total supply of #MANTA at Genesis is set at 1,000,000,000 tokens, with a yearly minting rate of 2% starting from Token Genesis. However, the network was hit by a distributed denial of service (DDoS) attack shortly after the token issuance, causing communication issues and delays in transactions. The MANTA token, which went live on Thursday, quickly reached a market capitalization of nearly $550 million. The #airdrop and token issuance have sparked both positive and negative reactions within the #crypto community, with the network's growing prominence leading to increased scrutiny and attention.

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Franklin Templeton, one of the companies for which the SEC accepted the spot #Bitcoin ETF application, has shared positive words about Ethereum and Solana. The company's CEO, Jenny Johnson, expressed her admiration for Ethereum and Solana during a recent interview. While she did not explicitly mention a Solana ETF, the possibility of a #Solana ETF being next is a topic of discussion in the crypto community. Franklin Templeton's positive sentiment towards #Ethereum and Solana could be a sign of the company's interest in exploring more opportunities in the crypto space. The company's involvement in the Bitcoin ETF approval process demonstrates its commitment to the crypto market and its potential for growth. However, it is essential to note that the approval of a Solana ETF is not guaranteed, and the company's interest in Ethereum and Solana does not necessarily mean an #ETF is imminent.

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Solana Mobile is preparing to launch a second #cryptocurrency smartphone that will be more affordable than its predecessor, the Saga. The new phone will have the same basic features as the Saga, including an onboard crypto wallet, custom Android software, and a "dApp store" for crypto applications, but at a cheaper price point. The saga phone was initially priced at $1,000 but later reduced to $599 after the device struggled to attract buyers. However, the phone's price surged in December when the price of the Solana-based #memecoin bonk went parabolic, presenting an arbitrage opportunity given the device came with 30 million of the tokens. #Solana $SOL Mobile's decision to release a new and more affordable cryptocurrency smartphone was inspired by the unexpected success of the Saga phone, which eventually gained a loyal following in the crypto community and caught the attention of investors. The new phone will have updated components and specifications, including a potentially faster processor, better cameras, and other improvements.

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Bitcoin ( $BTC ) has stabilized at around $44,000, reflecting a state of consolidation driven by conflicting fundamentals and a reduction in network activity. The SEC is on the brink of approving the first spot #Bitcoin ETF in the U.S. after 10 years of failed applications, with analysts predicting a mixed impact on the crypto market if approval is granted. The price of Bitcoin initially surged past $44,000, recording a yearly high in large transactions. Better Markets, a non-profit organization, opposes the approval of Bitcoin spot ETFs, considering it a "historic mistake" that will almost certainly result in negative consequences. Despite the opposition, many #crypto analysts remain positive about a potential approval, predicting increased demand for Bitcoin. The approval of a Bitcoin #ETF is expected to have a significant impact on the crypto market, potentially leading to a surge in institutional investment.

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This week in the #cryptocurrency world, there have been several notable developments: Solana Network: As of December 25th, the number of active addresses on the #Solana Network for December surpassed 15.6 million, showing an increase of around 50% compared to November and exceeding the 15.2 million in January. Avalanche Foundation: The Avalanche Foundation announced plans to buy and hold certain #memecoins as part of its "culture catalyst" initiative. The foundation aims to better position #Avalanche to cultivate and support new forms of culture and lifestyle that blockchain technology can enable. PancakeSwap: The PancakeSwap community approved a proposal to remove 300 million $CAKE tokens from the supply, reducing the maximum supply to a maximum cap of 450 million #CAKE . The updated maximum token supply figures for CAKE are expected to be officially reflected on major like CoinGecko and CoinMarketCap by January 4th. These updates highlight the ongoing developments and growth in the cryptocurrency space, with a focus on blockchain projects and their native tokens.

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