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What’s Happening ? $1 Billion Ethereum Transfer Shocks Crypto Community. Earlier this Thursday, Whale Alert sent shockwaves across the cryptocurrency market with a $1 billion Ethereum transfer that was sent from an unknown wallet to Coinbase Institutional. According to Eric Balchunas, Bloomberg's senior ETF analyst, this is a transfer from Grayscale's ETHE to its mini-product. The latter will have ultra-competitive fees that will allow the crypto asset manager to compete with the likes of BlackRock and Fidelity. That is a new variable that market participants did not have in the Bitcoin ETF race that started in January. The SEC recently gave Ethereum ETFs its final nod, and these much-awaited products can start trading as soon as today. According to Coinbase, the approval of Ethereum ETFs marks "another important milestone" for the industry, helping to catalyze further growth. Jay Jacobs, the U.S. Head of Thematic and Active ETFs at BlackRock, praised Ethereum's utility, pitching it as a global platform for decentralized applications. Ethereum (ETH) is currently trading in the red despite the upcoming ETF launch, according to CoinGecko. On Monday, a rare Ethereum transfer took place, with a dormant wallet transferring 977 ETH for the first time in nine years.
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Will Notcoin Reach $0.05 USD Next Week? Currently priced at $0.020493, Notcoin has shown positive momentum with its recent price increase. To reach $0.05, its value would need to more than double. This level of growth is feasible if Notcoin continues to gain popularity and is increasingly used in applications and platforms like gaming and DeFi. The trading chart shows significant fluctuations, but an overall upward trend has been maintained. This trend is encouraging for investors seeking potential growth. If market sentiment remains positive and adoption of Notcoin increases, reaching $0.05 could be within reach in a reasonable timeframe. In conclusion, while the cryptocurrency market is inherently volatile, Notcoin has shown promising signs. If current trends persist and adoption rises, it is possible for Notcoin to reach $0.05. It's essential to stay informed and closely monitor market developments.
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$SOL $ETH Top 3 Cryptocurrencies Under $0.05 for a $1000 Portfolio Recommended 🚀 1. Smooth Love Potion $SLP SLP 0.004425 +15.35% Dedication: $400 Current Price: $0.0044 per token Quantity: Approximately 90,909 SLP tokens 🚀 Potential: Smooth Love Potion (SLP) is an in-game currency used within the Axie Infinity ecosystem, a popular blockchain-based game. With the game's rising popularity and the increasing adoption of non-fungible tokens (NFTs), SLP has the potential for significant growth as more players join the ecosystem and demand for in-game assets increases. 2. Alien Worlds $TLM TLM 0.0208 +9.12% Dedication: $400 Current Price: $0.022 per token Quantity: Approximately 18,182 TLM tokens 🚀 Potential: Alien Worlds (TLM) is a blockchain-based gaming metaverse where players can mine for in-game resources and compete for ownership of virtual land. As interest in blockchain gaming continues to grow, TLM could see increased demand, especially with its unique play-to-earn model and expansive virtual world. 3. SPELL Token $SPELL SPELL 0.001305 +20.04% Dedication: $200 Current Price: $0.0012 per token Quantity: Approximately 166,666 SPELL tokens 🚀 Potential: SPELL Token is a key component of the Spells of Genesis blockchain-based trading card game. With its low price and the game's potential for growth, SPELL presents an opportunity for significant gains as the project gains traction within the gaming and blockchain communities. This diversified portfolio of under $0.05 tokens offers exposure to different segments of the crypto market, from gaming to decentralized finance (DeFi), and holds potential for substantial returns as these projects evolve and gain adoption. 🌟 Disclaimer: Research Yourself before investing, use only risk-worthy funds, and take full responsibility for your decisions.
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$ETH Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Facing correction after ETFs led rally CRYPTOS | 05/30/2024 07:55:23 GMT Bitcoin price is unable to overcome the $69,712 to $71,907 area of resistance. Ethereum price will likely pullback into the major support level of $3,360. Ripple price could end the consolidation between $0.463 and $0.572 range. Bitcoin (BTC) price continues to consolidate in a range that offers a buying opportunity, while other major cryptocurrencies, such as Ethereum (ETH) and Ripple (XRP), look set for a potential price correction. ETH and XRP rallied 10% and 5%, respectively, right after the US Securities and Exchange Commission (SEC) approved Ethereum’s spot Exchange Traded fund (ETF). Bitcoin price eyes for a rally Bitcoin price rallied 8% on May 20, but such an impulsive move could lead to a retracement. As seen in the chart below, BTC is currently being rejected by the order block between $69,712 and $71,240, which also harbors the weekly close at $71,280. Sideline investors looking for buying opportunities could do so at the following levels: The volume profile high node range that extends from $67,090 to $66,035. The 100-day Exponential Moving Average (EMA) is currently at $62,533, coinciding with the bullish order block range between $62,985 and $61,427. If BTC bounces off the $62,533 level, it could rally 10% to the local top formed at $69,712. The Relative Strength Index (RSI) and Awesome Oscillator (AO) indicators support the aforementioned bounce, which are firmly present above their respective mean values of 50 and 0, suggesting that the bulls are in control. BTC/USDT 1-day chart On the other hand, if Bitcoin's price closes below $58,271, it would invalidate this bullish thesis by producing a lower low in the higher timeframe, leading BTC to crash an extra 10% and hitting the previous support level of $52,400. #altcoins
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Is Bitcoin really going to $1 million? When it comes to valuing Bitcoin, the focus should be on mainstream Bitcoin adoption. In other words, what are members of the ecosystem doing to make Bitcoin more useful in everyday life? In this case, "utility" means more than just a lot of people buying spot Bitcoin ETFs. It means people using Bitcoin as part of a decentralized financial system that empowers individuals, reduces fees, and lowers barriers to entry. Jack Dorsey is on to something when he talks about Bitcoin's collaborative ecosystem. He has experience building tech companies and designing innovative technologies and platforms. He understands how important community and collaboration are to the success and mainstream adoption of any new technology. While I'm still unconvinced that Bitcoin will hit the mythical price of $1 million by 2030, I am convinced that Bitcoin is currently undervalued at its current price of $63,000. That's because too many investors are focused on Bitcoin as a financial asset, and not as a digital technology capable of disrupting the modern financial system. With that in mind, I'm bullish on Bitcoin's long-term outlook. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $566,624!* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*
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The Long/Short Ratio for The BTC/USDT Perpetual Contract is 1.85, Funding Rate at 0.0043%
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