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💥@Richard Teng , CEO of Binance makes a prediction on the next price of Bitcoin
💥Richard Teng, the Chief Executive Officer of the cryptocurrency exchange Binance, forecasts that Bitcoin will have a prosperous future and that the price of Bitcoin will approach or perhaps surpass the $80,000 level.
💥The United States government's decision earlier this year to authorize the formation of a Bitcoin exchange-traded fund (ETF) stimulated interest among institutional investors and resulted in the influx of fresh funds. Teng made this statement when he was speaking at an event in Bangkok: "We are just getting started."
💥In a previous prediction, Teng anticipated that Bitcoin would end the year at around $80,000. Despite this, he is now of the opinion that it will be higher than this amount since the supply is diminishing while demand is still high. This prognosis was Teng's own view, and he cautioned that the rally would not be a straight line. Teng underlined that this forecast was his personal opinion. He went on to say that the market would profit from both the highs and the lows.
💥Since the launch of exchange-traded funds (ETFs) for spot Bitcoin in the United States in January, there has been a steady stream of investment. Teng is anticipating that more foundations and family offices would raise their allocations to Bitcoin exchange-traded funds (ETFs) in the medium to short term.
#HotTrends #BTC #Binance
💥Richard Teng, the Chief Executive Officer of the cryptocurrency exchange Binance, forecasts that Bitcoin will have a prosperous future and that the price of Bitcoin will approach or perhaps surpass the $80,000 level.
💥The United States government's decision earlier this year to authorize the formation of a Bitcoin exchange-traded fund (ETF) stimulated interest among institutional investors and resulted in the influx of fresh funds. Teng made this statement when he was speaking at an event in Bangkok: "We are just getting started."
💥In a previous prediction, Teng anticipated that Bitcoin would end the year at around $80,000. Despite this, he is now of the opinion that it will be higher than this amount since the supply is diminishing while demand is still high. This prognosis was Teng's own view, and he cautioned that the rally would not be a straight line. Teng underlined that this forecast was his personal opinion. He went on to say that the market would profit from both the highs and the lows.
💥Since the launch of exchange-traded funds (ETFs) for spot Bitcoin in the United States in January, there has been a steady stream of investment. Teng is anticipating that more foundations and family offices would raise their allocations to Bitcoin exchange-traded funds (ETFs) in the medium to short term.
#HotTrends #BTC #Binance
Bitcoin Bull Run to Return Following US Liquidity Spike of $1.4 Trillion, According to Crypto Billionaire Arthur Hayes
If crypto investor Arthur Hayes is correct in his prediction that next week the economy will see liquidity return as a result of Janet Yellen's policies Bitcoin might see a bull run revival.
Potentially reviving Bitcoin's fortunes are recent changes in the US economy. According to Hayes, Bitcoin and altcoins should now be watching Treasury Secretary Janet Yellen rather than the Federal Reserve's decision to keep interest rates unchanged.
Bitcoin Bull Run: Hayes's Thoughts on "Ignoring the Fed"
The US Treasury is scheduled to issue its quarterly refunding documents, which include liquidity management methods, on April 29. Within this paperwork, Hayes stresses the significance of two liquidity sources the Reverse Purchase Agreement (RRPS) and the Treasury General Account (TGA).
According to Hayes, Yellen is in a pivotal position within his hypothesis that calls for more money creation in the US before, during, and after the next presidential election. A possible $1.4 trillion infusion of liquidity might be generated by a $1 trillion outflow of TGA and $400 million in RRPs, which he brought forth.
Hayes predicted that the crypto bull market will re-accelerate and stock prices would rise if any of the three scenarios played out. "You should respect Yellen because she is a bad person and the Fed is unimportant."
The cryptocurrency's price has been rising steadily since its introduction to the public. Even if Bitcoin ETFs had the most successful launch ever there is still room for development.
Eric Balchunas an ETF analyst for Bloomberg, views the current decline in investment in BlackRock's iShares Bitcoin Trust (IBIT) as an inevitable development.
According to Balchunas "IBIT currently ranks 2nd in YTD flows" among all 10,698 registered funds in the USA, which includes ETFs, mutual funds and CEFs.
Cathie Wood, CEO of ARK Invest, thinks Bitcoin may go over $1 million and expects additional increases in this current trend.
#BTC #bitcoin
If crypto investor Arthur Hayes is correct in his prediction that next week the economy will see liquidity return as a result of Janet Yellen's policies Bitcoin might see a bull run revival.
Potentially reviving Bitcoin's fortunes are recent changes in the US economy. According to Hayes, Bitcoin and altcoins should now be watching Treasury Secretary Janet Yellen rather than the Federal Reserve's decision to keep interest rates unchanged.
Bitcoin Bull Run: Hayes's Thoughts on "Ignoring the Fed"
The US Treasury is scheduled to issue its quarterly refunding documents, which include liquidity management methods, on April 29. Within this paperwork, Hayes stresses the significance of two liquidity sources the Reverse Purchase Agreement (RRPS) and the Treasury General Account (TGA).
According to Hayes, Yellen is in a pivotal position within his hypothesis that calls for more money creation in the US before, during, and after the next presidential election. A possible $1.4 trillion infusion of liquidity might be generated by a $1 trillion outflow of TGA and $400 million in RRPs, which he brought forth.
Hayes predicted that the crypto bull market will re-accelerate and stock prices would rise if any of the three scenarios played out. "You should respect Yellen because she is a bad person and the Fed is unimportant."
The cryptocurrency's price has been rising steadily since its introduction to the public. Even if Bitcoin ETFs had the most successful launch ever there is still room for development.
Eric Balchunas an ETF analyst for Bloomberg, views the current decline in investment in BlackRock's iShares Bitcoin Trust (IBIT) as an inevitable development.
According to Balchunas "IBIT currently ranks 2nd in YTD flows" among all 10,698 registered funds in the USA, which includes ETFs, mutual funds and CEFs.
Cathie Wood, CEO of ARK Invest, thinks Bitcoin may go over $1 million and expects additional increases in this current trend.
#BTC #bitcoin
💰💰💰As Community Revises Burn Tax, Can Terra LUNA Classic Reach $100?
Even if the community changed the token's burn tax, Terra LUNA Classic is falling below its 21DMA.
#LUNA
After failing to break above its 21DMA for four days, LUNC was trading slightly around $0.0001050.
The LUNC burn tax modification didn't raise mood, perhaps because the burn rate stayed at 0.5%.
The recently approved proposal altered what happens to burnt tokens.
LUNC's Oracle Pool gets 10% of burnt tokens. Previously, 10% went to “rewards”.
As the crypto market suffers, Terra LUNC Classic may fall lower.
The macro background has hurt crypto prices this month. The latest Core PCE report indicates persistently strong US inflation.
It has caused investors to reduce Fed rate decrease wagers. Rising US bond rates and the dollar have hurt cryptocurrencies, like LUNC.
Terra LUNA Classic is down 34% this month and 60% from March's $0.00002550 highs.
Bearish technicals signal the sell-off may continue.
Terra LUNA Classic Price Prediction: LUNC's Future
Chat research reveals Terra LUNA Classic bears dominate the market.
The 21DMA has been a solid barrier since late March. The Terra LUNA Classic pricing has since fallen.
This week, LUNC saw heavy resistance from the March low, which it broke below in mid-April.
These are significant evidence of LUNC price cuts. In weeks, April lows just over $0.00007, a 30% decline from present levels, may be retested.
May LUNC Reach $100?
LUNC might hit $100 if the community burned enough tokens.
Assuming LUNC retains its $600 million market worth, $100 would be 6 million tokens.
The LUNC token supply exceeds 5.8 trillion. Burn 99.99999% of the token supply to reach 6 million.
Market cap growth may minimize the number of token burns needed to reach $100 for LUNC.
In May 2022, the Terra environment failed, rendering LUNC useless.
$LUNC is become a speculative shitcoin. Random 2-3x pumps may occur as risk appetite rises.
However, it is unlikely to become a multi-billion dollar currency.
#LUNC may hit $100
#TerraLunaClassic
Even if the community changed the token's burn tax, Terra LUNA Classic is falling below its 21DMA.
#LUNA
After failing to break above its 21DMA for four days, LUNC was trading slightly around $0.0001050.
The LUNC burn tax modification didn't raise mood, perhaps because the burn rate stayed at 0.5%.
The recently approved proposal altered what happens to burnt tokens.
LUNC's Oracle Pool gets 10% of burnt tokens. Previously, 10% went to “rewards”.
As the crypto market suffers, Terra LUNC Classic may fall lower.
The macro background has hurt crypto prices this month. The latest Core PCE report indicates persistently strong US inflation.
It has caused investors to reduce Fed rate decrease wagers. Rising US bond rates and the dollar have hurt cryptocurrencies, like LUNC.
Terra LUNA Classic is down 34% this month and 60% from March's $0.00002550 highs.
Bearish technicals signal the sell-off may continue.
Terra LUNA Classic Price Prediction: LUNC's Future
Chat research reveals Terra LUNA Classic bears dominate the market.
The 21DMA has been a solid barrier since late March. The Terra LUNA Classic pricing has since fallen.
This week, LUNC saw heavy resistance from the March low, which it broke below in mid-April.
These are significant evidence of LUNC price cuts. In weeks, April lows just over $0.00007, a 30% decline from present levels, may be retested.
May LUNC Reach $100?
LUNC might hit $100 if the community burned enough tokens.
Assuming LUNC retains its $600 million market worth, $100 would be 6 million tokens.
The LUNC token supply exceeds 5.8 trillion. Burn 99.99999% of the token supply to reach 6 million.
Market cap growth may minimize the number of token burns needed to reach $100 for LUNC.
In May 2022, the Terra environment failed, rendering LUNC useless.
$LUNC is become a speculative shitcoin. Random 2-3x pumps may occur as risk appetite rises.
However, it is unlikely to become a multi-billion dollar currency.
#LUNC may hit $100
#TerraLunaClassic
A Signal to Buy? Bitcoin Facing Pressure, But Whales Own More Than $331 Billion in BTC!
The on-chain data reveals something different, even if Bitcoin prices are stuck in a tight range and are struggling to gain momentum. One expert points out that the biggest cryptocurrency holders, known as "whales," are aggressively amassing the coin with the greatest market value, which brings us to X.
Bitcoin Extremavors Amassing Wealth Despite Market Decline
When this information was made public, Bitcoin whales had 5.1 million BTC, which was worth an incredible $331 billion. That there is still demand when the coin moves in a narrow range flies in the face of recent market weakness and skeptics betting on even more price dumps.
The current price of Bitcoin is between $60,000 and $73,800, firmly within a range. Even after the Halving on April 20, the currency has not been able to climb further, failing to breach beyond $70,000 despite general market optimism. Prices may be solid, but the lack of action after April 21 and 22 suggests they are weak.
If the price of BTCUSDT were to break over the middle BB, the market may see a dramatic explosion. The coin's momentum may take it to new heights if the recent surge is supported by good underlying developments.
When sellers start buying again, however, Bitcoin's price can fall considerably more. A negative signal was given by the strong rejection of bulls on April 24. So, this may trigger a series of lower lows, bringing the currency down to its April 2023 lows or perhaps lower.
Fearful Traders Record Massive Losses
Two of the largest cryptocurrency exchanges in terms of trading volume, Binance and OKX, have seen panic sellers unload 5,137 BTC worth of cryptocurrency at a loss over the last two weeks, according to data from parallel markets. Prices have been swooping downward over this period, according to the statistics, and bulls have been unable to halt the selloff, particularly after two consecutive losses on April 12 and 13.
#bitcoinhalving #BTC #Whale $BTC
The on-chain data reveals something different, even if Bitcoin prices are stuck in a tight range and are struggling to gain momentum. One expert points out that the biggest cryptocurrency holders, known as "whales," are aggressively amassing the coin with the greatest market value, which brings us to X.
Bitcoin Extremavors Amassing Wealth Despite Market Decline
When this information was made public, Bitcoin whales had 5.1 million BTC, which was worth an incredible $331 billion. That there is still demand when the coin moves in a narrow range flies in the face of recent market weakness and skeptics betting on even more price dumps.
The current price of Bitcoin is between $60,000 and $73,800, firmly within a range. Even after the Halving on April 20, the currency has not been able to climb further, failing to breach beyond $70,000 despite general market optimism. Prices may be solid, but the lack of action after April 21 and 22 suggests they are weak.
If the price of BTCUSDT were to break over the middle BB, the market may see a dramatic explosion. The coin's momentum may take it to new heights if the recent surge is supported by good underlying developments.
When sellers start buying again, however, Bitcoin's price can fall considerably more. A negative signal was given by the strong rejection of bulls on April 24. So, this may trigger a series of lower lows, bringing the currency down to its April 2023 lows or perhaps lower.
Fearful Traders Record Massive Losses
Two of the largest cryptocurrency exchanges in terms of trading volume, Binance and OKX, have seen panic sellers unload 5,137 BTC worth of cryptocurrency at a loss over the last two weeks, according to data from parallel markets. Prices have been swooping downward over this period, according to the statistics, and bulls have been unable to halt the selloff, particularly after two consecutive losses on April 12 and 13.
#bitcoinhalving #BTC #Whale $BTC
By April, can BNB reach $700? The race begins!
Despite the crypto market's decline, Binance's major cryptocurrency, BNB, has grown. BNB rose 18.4% to $607 after bottoming at $512 on April 17. This extraordinary comeback puts BNB in a strong position for a bullish pennant breakthrough and a higher token price.
The current developments surrounding BNB are one reason for its positive outlook. WuBlockchain announced the BNB Foundation's 27th quarterly token burn on Twitter. This burned 1,944,452.51 BNB tokens, worth $1.17 billion. This Foundation staking plan shows their commitment to a deflationary objective that promotes BNB's long-term development and prosperity.
According to the BNB price estimate, BNB's technical aspect bodes well. Critical indicators like EMA and DMI indicate a steady rise. BNB has received significant support from the 50-day EMA, and the bullish DMI crossing indicates rising trader confidence.
Financial professionals and analysts watch the BNB price chart's pennant formation, a technical pattern linked with strong upward movements. This often leads to an increasing trend that might drive prices higher. BNB might reach $775 if it overcomes this configuration. However, several experts are focusing on whether BNB will break $650 before month's end. Maintaining its current positive trends will be crucial to achieving this goal.
Instead, they may be external market movements or supply-related spikes. This may deviate from the trend and delay consolidation. Investors in this circumstance must be vigilant and analyze their trading techniques due to market volatility.
Other Binance network upgrades indicate a bright future and entice investors. BNB's rising use in online retail and decentralized banking shows its growing integration into the cryptocurrency and financial scene.
Its connection with the Ethereum Virtual Machine (EVM) and minimal operating and transaction costs make the Binance Smart Chain (BSC) popular among developers. As a result, Ethereum-based dApps have proliferated.
#BinanceLaunchpool #BNB $BNB
Despite the crypto market's decline, Binance's major cryptocurrency, BNB, has grown. BNB rose 18.4% to $607 after bottoming at $512 on April 17. This extraordinary comeback puts BNB in a strong position for a bullish pennant breakthrough and a higher token price.
The current developments surrounding BNB are one reason for its positive outlook. WuBlockchain announced the BNB Foundation's 27th quarterly token burn on Twitter. This burned 1,944,452.51 BNB tokens, worth $1.17 billion. This Foundation staking plan shows their commitment to a deflationary objective that promotes BNB's long-term development and prosperity.
According to the BNB price estimate, BNB's technical aspect bodes well. Critical indicators like EMA and DMI indicate a steady rise. BNB has received significant support from the 50-day EMA, and the bullish DMI crossing indicates rising trader confidence.
Financial professionals and analysts watch the BNB price chart's pennant formation, a technical pattern linked with strong upward movements. This often leads to an increasing trend that might drive prices higher. BNB might reach $775 if it overcomes this configuration. However, several experts are focusing on whether BNB will break $650 before month's end. Maintaining its current positive trends will be crucial to achieving this goal.
Instead, they may be external market movements or supply-related spikes. This may deviate from the trend and delay consolidation. Investors in this circumstance must be vigilant and analyze their trading techniques due to market volatility.
Other Binance network upgrades indicate a bright future and entice investors. BNB's rising use in online retail and decentralized banking shows its growing integration into the cryptocurrency and financial scene.
Its connection with the Ethereum Virtual Machine (EVM) and minimal operating and transaction costs make the Binance Smart Chain (BSC) popular among developers. As a result, Ethereum-based dApps have proliferated.
#BinanceLaunchpool #BNB $BNB
How does nuco.cloud compare to other providers in the decentralized cloud computing realm?
In the market for decentralized cloud computing, nuco.cloud distinguishes itself from its competitors by not keeping its own data centers. In its place, it makes use of the capabilities that are not being used inside the data centers that are already in existence. This helps to promote an ecologically friendly approach by eliminating the need for new physical infrastructure.
By using this method, we are able to provide competitive prices while also minimizing our effect on the environment. Additionally, nuco.cloud expands its approach to include non-public data centers, such as corporate or blockchain-specific facilities, providing these facilities with the option to monetize resources that are not being used immediately.
Due to the inclusive nature of this method, nuco.cloud's resource pool is diversified, and a wider variety of individuals are invited to become a part of its ecosystem.
What are the fundamental issues that are confronted by conventional cloud computing?
On the other hand, traditional cloud providers have substantial resource requirements for the operation and maintenance of massive data centers, which are seldom exploited to their full potential. This is made even more difficult by the fact that there is limited scalability, which necessitates the physical extension of infrastructures.
By exploiting the capacity of existing data centers that is not being used, Nuco.cloud provides an innovative solution to these difficulties. This supports a more effective use of resources and a more sustainable approach to resource management. Customers get the benefits of competitively reduced rates and the freedom to grow their resources in a flexible manner without having to be concerned about the constraints imposed by physical infrastructures.
nuco.cloud is an option in the cloud computing industry that is more cost-effective, adaptable, and environmentally friendly as a result of these tactics.
Can nuco.cloud guarantee that it will be able to satisfy the requirements of an expanding user base?
nuco.cloud has carefully integrated a huge network of big and various data centers in order to handle a rising user base. This integration ensures strong capacity and geographical diversity in order to reduce latency.
The capacity of nuco.cloud to flexibly grow its resources and better meet the ever-changing requirements of its customers is made possible by this wide network. As a reflection of our dedication to scalability and performance, we have made it a priority to continuously expand this data center pool. "The platform's decentralized hyperscaler architecture, which leverages blockchain technology for efficient and balanced resource distribution," is the fundamental component of its strategy.
A statement made by Mathias Wilhelm, Chief Technology Officer of nuco.cloud
This forward-thinking strategy eliminates bottlenecks and guarantees that nuco.cloud is capable of scaling without any disruptions, hence providing dependable cloud services that are able to adjust to the requirements of users in real time. A model like this illustrates the vision that nuco.cloud have in developing a cloud computing platform that is both scalable and efficient.
#nucocloud #NCDT #BTC #BullorBear
By using this method, we are able to provide competitive prices while also minimizing our effect on the environment. Additionally, nuco.cloud expands its approach to include non-public data centers, such as corporate or blockchain-specific facilities, providing these facilities with the option to monetize resources that are not being used immediately.
Due to the inclusive nature of this method, nuco.cloud's resource pool is diversified, and a wider variety of individuals are invited to become a part of its ecosystem.
What are the fundamental issues that are confronted by conventional cloud computing?
On the other hand, traditional cloud providers have substantial resource requirements for the operation and maintenance of massive data centers, which are seldom exploited to their full potential. This is made even more difficult by the fact that there is limited scalability, which necessitates the physical extension of infrastructures.
By exploiting the capacity of existing data centers that is not being used, Nuco.cloud provides an innovative solution to these difficulties. This supports a more effective use of resources and a more sustainable approach to resource management. Customers get the benefits of competitively reduced rates and the freedom to grow their resources in a flexible manner without having to be concerned about the constraints imposed by physical infrastructures.
nuco.cloud is an option in the cloud computing industry that is more cost-effective, adaptable, and environmentally friendly as a result of these tactics.
Can nuco.cloud guarantee that it will be able to satisfy the requirements of an expanding user base?
nuco.cloud has carefully integrated a huge network of big and various data centers in order to handle a rising user base. This integration ensures strong capacity and geographical diversity in order to reduce latency.
The capacity of nuco.cloud to flexibly grow its resources and better meet the ever-changing requirements of its customers is made possible by this wide network. As a reflection of our dedication to scalability and performance, we have made it a priority to continuously expand this data center pool. "The platform's decentralized hyperscaler architecture, which leverages blockchain technology for efficient and balanced resource distribution," is the fundamental component of its strategy.
A statement made by Mathias Wilhelm, Chief Technology Officer of nuco.cloud
This forward-thinking strategy eliminates bottlenecks and guarantees that nuco.cloud is capable of scaling without any disruptions, hence providing dependable cloud services that are able to adjust to the requirements of users in real time. A model like this illustrates the vision that nuco.cloud have in developing a cloud computing platform that is both scalable and efficient.
#nucocloud #NCDT #BTC #BullorBear
PEPE Coin rises 50% with whale support—what next?
With meme cryptocurrency PEPE rising almost 50% in seven days, the market pullback is welcome. With PEPE at $0.00000738, the bullish trend may continue. This gain is attributed to its loyal investors, notably whales, who have large holdings and have lately increased their stakes.
To far, these notable wallet holders have amassed 3.3 trillion PEPE worth $24.3 million in two weeks. The most accurate Pepe price estimate shows their holdings at 46.96 trillion tokens. These players showed their belief in this cryptocurrency's huge potential. In the current upswing, whales' aggressive purchasing has driven the coin's price higher.
BC.Game
PEPE is mostly interesting since it can turn most pennies into pricey stuff. Their determination has given meme coin the strength to rise. More than 92 trillion PEPE are reaching profitability for their investors, thus this price growth is expected to continue. Over $686 million in supplies was purchased for $0.00000700 to $0.00000890. At $0.00000738 per meme coin, this PEPE supply might be turned for profit.
They choose to hold their assets due to the higher return potential and expanding number of investors. Prices will undoubtedly rise further. Keep in mind that PEPE still has several technical issues. After bouncing off a falling wedge pattern, it confronts opposition at $0.00000826, a crucial level that has been a support and resistance zone.
This turning moment from opposition to support is crucial. If it succeeds, it will increase the likelihood of profiting from the 92 trillion PEPE and drive the digital asset to test higher resistance levels, notably at $0.00001007, if successful. This stage has 60% growth potential following a wedge pattern breakout.
However, these risks must be considered. PEPE may retreat and consider lower support if it fails to break the resistance level. This would set the currency's initial value at $0.00000633, which would significantly damage coin optimism. It might even drop to $0.00000474.
#PEPE #Memecoins $PEPE
With meme cryptocurrency PEPE rising almost 50% in seven days, the market pullback is welcome. With PEPE at $0.00000738, the bullish trend may continue. This gain is attributed to its loyal investors, notably whales, who have large holdings and have lately increased their stakes.
To far, these notable wallet holders have amassed 3.3 trillion PEPE worth $24.3 million in two weeks. The most accurate Pepe price estimate shows their holdings at 46.96 trillion tokens. These players showed their belief in this cryptocurrency's huge potential. In the current upswing, whales' aggressive purchasing has driven the coin's price higher.
BC.Game
PEPE is mostly interesting since it can turn most pennies into pricey stuff. Their determination has given meme coin the strength to rise. More than 92 trillion PEPE are reaching profitability for their investors, thus this price growth is expected to continue. Over $686 million in supplies was purchased for $0.00000700 to $0.00000890. At $0.00000738 per meme coin, this PEPE supply might be turned for profit.
They choose to hold their assets due to the higher return potential and expanding number of investors. Prices will undoubtedly rise further. Keep in mind that PEPE still has several technical issues. After bouncing off a falling wedge pattern, it confronts opposition at $0.00000826, a crucial level that has been a support and resistance zone.
This turning moment from opposition to support is crucial. If it succeeds, it will increase the likelihood of profiting from the 92 trillion PEPE and drive the digital asset to test higher resistance levels, notably at $0.00001007, if successful. This stage has 60% growth potential following a wedge pattern breakout.
However, these risks must be considered. PEPE may retreat and consider lower support if it fails to break the resistance level. This would set the currency's initial value at $0.00000633, which would significantly damage coin optimism. It might even drop to $0.00000474.
#PEPE #Memecoins $PEPE
#MarketSentimentToday
The supply of stablecoins reaches more over $50 billion in Q1 of 2024, while #TRON experiences a 10% rise
The first quarter of 2024 saw a quantity of stablecoins on TRON exceeding $50 billion.
Gains were seen in TRON's market capitalization, revenue, average DEX volume, and total value locked.
Since the start of 2024, the $TRX token has had a 10% rise.
According to a research by Messari, the blockchain-based digital platform TRON (TRX) saw growth in the first quarter of 2024. Several measures, including market capitalization, revenue, and total value locked (TVL), showed rises for TRON.
Stablecoins bring in $50 million for TRON in the first quarter of 2024.
Messari, a crypto intelligence tracker, found that in the first quarter of 2024, TRON's blockchain had significant growth across many important indicators. Currency Tether (USDT) on Tron surpassed $50 billion in Q1, according to the research. Since stablecoin traffic usually signifies fiat onramps, this is significant for market players. Increases in both the demand for assets and the inflow of money (from fiat to crypto via stablecoin) are signs of a growing market for stablecoin.
Effect on the pricing of TRON @Justin Sun孙宇晨
The circulating supply of TRON is one of the measures that might influence the price of the token. Token burn and TRX payouts affect the supply that is circulating. All user transaction fees are burned by the protocol, which reduces the quantity of TRON in circulation.
The circulating supply of TRON dropped from 88.2 billion to 87.7 billion in Q1 2024, according to data from Messari's report. The yearly inflation rate for TRON is -2.6%. The token's price has risen because of this, among other things.
Since the start of 2024, the price of TRON has increased by 10%. The current price of the token on Binance is $0.1184. #BTC #BullorBear
The supply of stablecoins reaches more over $50 billion in Q1 of 2024, while #TRON experiences a 10% rise
The first quarter of 2024 saw a quantity of stablecoins on TRON exceeding $50 billion.
Gains were seen in TRON's market capitalization, revenue, average DEX volume, and total value locked.
Since the start of 2024, the $TRX token has had a 10% rise.
According to a research by Messari, the blockchain-based digital platform TRON (TRX) saw growth in the first quarter of 2024. Several measures, including market capitalization, revenue, and total value locked (TVL), showed rises for TRON.
Stablecoins bring in $50 million for TRON in the first quarter of 2024.
Messari, a crypto intelligence tracker, found that in the first quarter of 2024, TRON's blockchain had significant growth across many important indicators. Currency Tether (USDT) on Tron surpassed $50 billion in Q1, according to the research. Since stablecoin traffic usually signifies fiat onramps, this is significant for market players. Increases in both the demand for assets and the inflow of money (from fiat to crypto via stablecoin) are signs of a growing market for stablecoin.
Effect on the pricing of TRON @Justin Sun孙宇晨
The circulating supply of TRON is one of the measures that might influence the price of the token. Token burn and TRX payouts affect the supply that is circulating. All user transaction fees are burned by the protocol, which reduces the quantity of TRON in circulation.
The circulating supply of TRON dropped from 88.2 billion to 87.7 billion in Q1 2024, according to data from Messari's report. The yearly inflation rate for TRON is -2.6%. The token's price has risen because of this, among other things.
Since the start of 2024, the price of TRON has increased by 10%. The current price of the token on Binance is $0.1184. #BTC #BullorBear
#MarketSentimentToday
Research and analysis: #XRP remains above $0.51, a critical support level.
With the exception of Monday, the price of XRP remained tightly ranged between $0.5576, which served as resistance, and $0.5137, which served as support. When the resistance level is broken, XRP traders might consider the likelihood of a rally up to $0.6431, the high point on April 9. The top of the Donchian Channel meets this level.
Both the $0.50 and $0.60 levels provide psychological support and resistance, respectively, for XRP. If the latter is broken, it can indicate that the trend of the altcoin's price is changing.
When entering a trade at the current price of XRP—which is at the channel's midpoint—speculators might aim for the $0.6431 goal, representing a 20% rise.
One technical indicator that traders may use to find entry opportunities in the market and determine whether momentum is good or negative is the Moving Average Convergence Divergence (MACD). The MACD for XRP displays green bars above the neutral line, and a bullish crossing occurred on April 21. The XRP price is heading upwards, according to this indicator.
A possible trend reversal might be indicated if the price of XRP falls approaching the bottom border of the channel. If prices fall below $0.5137, which acts as support, the bullish thesis will be proven wrong, and the cryptocurrency is likely to reach its next target at $0.4717, which is the 23.6% Fibonacci retracement of the collapse from $0.6431 on April 9th to $0.4188 on April 13th.
$XRP #BTC #Ripple
Research and analysis: #XRP remains above $0.51, a critical support level.
With the exception of Monday, the price of XRP remained tightly ranged between $0.5576, which served as resistance, and $0.5137, which served as support. When the resistance level is broken, XRP traders might consider the likelihood of a rally up to $0.6431, the high point on April 9. The top of the Donchian Channel meets this level.
Both the $0.50 and $0.60 levels provide psychological support and resistance, respectively, for XRP. If the latter is broken, it can indicate that the trend of the altcoin's price is changing.
When entering a trade at the current price of XRP—which is at the channel's midpoint—speculators might aim for the $0.6431 goal, representing a 20% rise.
One technical indicator that traders may use to find entry opportunities in the market and determine whether momentum is good or negative is the Moving Average Convergence Divergence (MACD). The MACD for XRP displays green bars above the neutral line, and a bullish crossing occurred on April 21. The XRP price is heading upwards, according to this indicator.
A possible trend reversal might be indicated if the price of XRP falls approaching the bottom border of the channel. If prices fall below $0.5137, which acts as support, the bullish thesis will be proven wrong, and the cryptocurrency is likely to reach its next target at $0.4717, which is the 23.6% Fibonacci retracement of the collapse from $0.6431 on April 9th to $0.4188 on April 13th.
$XRP #BTC #Ripple
Predictions for the Shiba Inu Price: Will Meme Coin Reach $0.001 This Year?
#MarketSentimentToday
Shiba Inu (SHIB), a parody coin inspired by Dogecoin, has once again set the cryptocurrency world ablaze with speculation. Armando Pantoja, a well-known Bitcoin investor, has laid down the gauntlet, saying that SHIB's price may skyrocket to $0.001 by the year 2025. Because of this lofty goal, people are talking again about SHIB's possibilities and whether or not it can break out of its meme-coin roots.
The history of SHIB is one of incredible development. Surprisingly, the meme coin's value increased by more than 80,000% in 2021. This incredible adventure captivated ordinary investors and made crypto millionaires. Nevertheless, SHIB's early value proposition was mostly fueled by its meme status and community excitement, in contrast to more established players such as Bitcoin and Ethereum.
Nevertheless, it seems like things are changing. Shiba Inu has been working hard to build its ecosystem since its creators know it needs more than simply viral appeal. With its planned debut on May 2nd, the forthcoming Shibarium hardfork is a key component of this endeavor. To improve the user experience and solve scalability issues, this release will incorporate Shibarium, a layer-2 scaling solution.
Is Shibarium the Next Ethereum?
There have been analogies made between the impending Ethereum 2.0 update and the possible effect of Shibarium. High transaction costs and network congestion have long plagued Ethereum, the second-largest cryptocurrency by market size and a victim of scaling problems.
By switching to a proof-of-stake consensus method, Ethereum 2.0 intends to solve these issues and provide reduced fees and better processing speeds. The market is lacking user-friendly alternatives, nevertheless, since its development has been delayed.
If Shibarium is successful, it may make SHIB a better choice for developers who want to create dApps. Developers concentrating on projects needing frequent interactions and reduced costs may be enticed away from Ethereum by Shibarium's quicker and cheaper transactions. Like Ethereum did when it first emerged to challenge Bitcoin's monopoly in the DeFi era, this situation might play out in a similar fashion.
Our community of innovators and developers will be empowered by a package of new features that will improve user experience. These changes will be introduced via an upcoming hard fork that is slated to be live on May 2nd.
Reaching $0.001 by 2025 is still a big deal, even if Shibarium is getting a lot of positive buzz. Because of this intrinsic volatility, the price of cryptocurrencies may be dramatically affected by unanticipated occurrences. For Shibarium to thrive in the long run, it needs developers and users to create a strong ecosystem, which in turn requires widespread acceptance.
The Shiba Inu cryptocurrency has lost 9 percent of its value in the last 24 hours, with a current price of $0.00002459. Shiba Inu prices would have to climb by almost 4,000% this year to be considered possibly more than $0.001.
In the meantime, there are those who are wary. They note SHIB's prior successes but blame the market and the dominance of Ethereum and other well-established cryptocurrencies. According to more cautious projections made by platforms like Telegaon, the highest price that SHIB may reach by 2025 is $0.0000728, which is lower than its all-time high.
#SHIB #BTC #ETH $SHIB $SHIB
Shiba Inu (SHIB), a parody coin inspired by Dogecoin, has once again set the cryptocurrency world ablaze with speculation. Armando Pantoja, a well-known Bitcoin investor, has laid down the gauntlet, saying that SHIB's price may skyrocket to $0.001 by the year 2025. Because of this lofty goal, people are talking again about SHIB's possibilities and whether or not it can break out of its meme-coin roots.
The history of SHIB is one of incredible development. Surprisingly, the meme coin's value increased by more than 80,000% in 2021. This incredible adventure captivated ordinary investors and made crypto millionaires. Nevertheless, SHIB's early value proposition was mostly fueled by its meme status and community excitement, in contrast to more established players such as Bitcoin and Ethereum.
Nevertheless, it seems like things are changing. Shiba Inu has been working hard to build its ecosystem since its creators know it needs more than simply viral appeal. With its planned debut on May 2nd, the forthcoming Shibarium hardfork is a key component of this endeavor. To improve the user experience and solve scalability issues, this release will incorporate Shibarium, a layer-2 scaling solution.
Is Shibarium the Next Ethereum?
There have been analogies made between the impending Ethereum 2.0 update and the possible effect of Shibarium. High transaction costs and network congestion have long plagued Ethereum, the second-largest cryptocurrency by market size and a victim of scaling problems.
By switching to a proof-of-stake consensus method, Ethereum 2.0 intends to solve these issues and provide reduced fees and better processing speeds. The market is lacking user-friendly alternatives, nevertheless, since its development has been delayed.
If Shibarium is successful, it may make SHIB a better choice for developers who want to create dApps. Developers concentrating on projects needing frequent interactions and reduced costs may be enticed away from Ethereum by Shibarium's quicker and cheaper transactions. Like Ethereum did when it first emerged to challenge Bitcoin's monopoly in the DeFi era, this situation might play out in a similar fashion.
Our community of innovators and developers will be empowered by a package of new features that will improve user experience. These changes will be introduced via an upcoming hard fork that is slated to be live on May 2nd.
Reaching $0.001 by 2025 is still a big deal, even if Shibarium is getting a lot of positive buzz. Because of this intrinsic volatility, the price of cryptocurrencies may be dramatically affected by unanticipated occurrences. For Shibarium to thrive in the long run, it needs developers and users to create a strong ecosystem, which in turn requires widespread acceptance.
The Shiba Inu cryptocurrency has lost 9 percent of its value in the last 24 hours, with a current price of $0.00002459. Shiba Inu prices would have to climb by almost 4,000% this year to be considered possibly more than $0.001.
In the meantime, there are those who are wary. They note SHIB's prior successes but blame the market and the dominance of Ethereum and other well-established cryptocurrencies. According to more cautious projections made by platforms like Telegaon, the highest price that SHIB may reach by 2025 is $0.0000728, which is lower than its all-time high.
#SHIB #BTC #ETH $SHIB $SHIB
User access to Terraform Labs will be severely limited in the United States after a recent verdict in an SEC complaint
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
While these holdings are being liquidated, the LUNA will be stored in a multisig wallet in anticipation of the bankruptcy.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNC #LUNA $LUNA #TerraLunaClassic
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
While these holdings are being liquidated, the LUNA will be stored in a multisig wallet in anticipation of the bankruptcy.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNC #LUNA $LUNA #TerraLunaClassic
What Are the Best Stablecoin Investments? Our 3 Favorites
The bull run made many wealthy, and these tokens will solidify that.
USDC: A major stablecoin passed the market crash test.
First Digital USD: An unique stability strategy has driven tremendous development over the last two years.
Dai: The decentralized finance stablecoin formed dependable reserves.
#USDC
When market leaders collaborate, amazing projects result. Circle and Coinbase announced USDC . Other stablecoins follow its 1:1 relation to the US dollar, which is a reliable baseline.
The cryptocurrency debuted on Ethereum (ETH-USD) in 2018 and then moved to Algorand (ALGO-USD) and Solana. The apparently trustworthy Silicon Valley Bank (SVB) posed the unexpected threat. The token briefly dipped to $0.87 in 2023. The U.S. financial sector instability hit SVB, which held Circle's $3 billion reserves. This incident is generally portrayed negatively, yet the initiative has since survived the strain and demonstrated its durability.
First Digital USD (FDUSD)
Since 2023, sophisticated crypto fans have loved the youthful and ambitious stablecoin. First Digital USD (FDUSD) goes beyond U.S. dollar-pegged digital assets. A good alternative for insurance and financial transactions without middlemen.
First Digital Trust Ltd. manages the project's reserve and dollar ratio. Cash, T-Bills, and overnight repurchase agreements (repos) replenish the reserve, boosting customers' trust in exchange rate stability. Every month, an independent audit verifies the #FDUSD reserve.
DAI-USD
Dai (DAI-USD) has helped users manage risks and maximize decentralized finance since 2019. Maker Foundation designed this project such that collateral always exceeds DAI tokens in circulation. MakerDAO now controls the stablecoin. Decentralised autonomous organisation (DAO) management defends the project from a small group.
Stablecoins don't always have fiat reserves. Ethereum and Wrapped Bitcoin power #DAI , for instance. Even though it started in 2014, the project is one of the most cutting-edge on the market.
#BTC #ETH
The bull run made many wealthy, and these tokens will solidify that.
USDC: A major stablecoin passed the market crash test.
First Digital USD: An unique stability strategy has driven tremendous development over the last two years.
Dai: The decentralized finance stablecoin formed dependable reserves.
#USDC
When market leaders collaborate, amazing projects result. Circle and Coinbase announced USDC . Other stablecoins follow its 1:1 relation to the US dollar, which is a reliable baseline.
The cryptocurrency debuted on Ethereum (ETH-USD) in 2018 and then moved to Algorand (ALGO-USD) and Solana. The apparently trustworthy Silicon Valley Bank (SVB) posed the unexpected threat. The token briefly dipped to $0.87 in 2023. The U.S. financial sector instability hit SVB, which held Circle's $3 billion reserves. This incident is generally portrayed negatively, yet the initiative has since survived the strain and demonstrated its durability.
First Digital USD (FDUSD)
Since 2023, sophisticated crypto fans have loved the youthful and ambitious stablecoin. First Digital USD (FDUSD) goes beyond U.S. dollar-pegged digital assets. A good alternative for insurance and financial transactions without middlemen.
First Digital Trust Ltd. manages the project's reserve and dollar ratio. Cash, T-Bills, and overnight repurchase agreements (repos) replenish the reserve, boosting customers' trust in exchange rate stability. Every month, an independent audit verifies the #FDUSD reserve.
DAI-USD
Dai (DAI-USD) has helped users manage risks and maximize decentralized finance since 2019. Maker Foundation designed this project such that collateral always exceeds DAI tokens in circulation. MakerDAO now controls the stablecoin. Decentralised autonomous organisation (DAO) management defends the project from a small group.
Stablecoins don't always have fiat reserves. Ethereum and Wrapped Bitcoin power #DAI , for instance. Even though it started in 2014, the project is one of the most cutting-edge on the market.
#BTC #ETH
#MarketSentimentToday
85% Of Altcoins In "Opportunity Zone," Santiment Says
Santiment found that over 85% of altcoins are in the historical “opportunity zone.”
MVRV Suggests Most Altcoins Should Bounce
Santiment analyzed the cryptocurrency market using their MVRV ratio methodology in a recent X article. A common on-chain indicator is the “Market Value to Realized Value (MVRV) ratio” which compares Bitcoin's market cap to its realized cap.
A typical market cap is the asset's circulating supply valued at the spot price. Meanwhile, the latter is an on-chain capitalization model that determines asset value by assuming the “true” value of each currency in circulation is the latest blockchain transfer price.
Since a coin's last transaction was likely its last, its current cost basis is its previous price. The realized cap is the cost foundation of every token in circulation.
The model may be seen as a measure of investors' total money invested in the asset. In contrast, market cap measures holders' worth.
Since the MVRV ratio compares these two models, it may indicate if Bitcoin investors own more or less than their original investment.
Tops are more likely to develop when investors are making big gains because profit-taking might rise. A majority of losses might lead to market bottoms as selling pressure fades.
Santiment created an altcoin “opportunity” and “danger” zone model based on these factors. From this MVRV model, the market looks like this chart below.
Bitcoin MVRV
This model places coins in the bullish opportunity zone when their MVRV divergence is greater than 1. The bearish danger zone is indicated by a value below -1.
MVRV divergence for most of the market is in the opportunity zone, according to the chart. The analytics company says,
The market value to realized value (MVRV) of wallets' aggregate returns across 1-month, 3-month, and 6-month cycles show that over 85% of assets we monitor are in a historic opportunity zone.
According to the model, this may be a good moment to buy altcoins.
#BTC #ETH #Altcoin
85% Of Altcoins In "Opportunity Zone," Santiment Says
Santiment found that over 85% of altcoins are in the historical “opportunity zone.”
MVRV Suggests Most Altcoins Should Bounce
Santiment analyzed the cryptocurrency market using their MVRV ratio methodology in a recent X article. A common on-chain indicator is the “Market Value to Realized Value (MVRV) ratio” which compares Bitcoin's market cap to its realized cap.
A typical market cap is the asset's circulating supply valued at the spot price. Meanwhile, the latter is an on-chain capitalization model that determines asset value by assuming the “true” value of each currency in circulation is the latest blockchain transfer price.
Since a coin's last transaction was likely its last, its current cost basis is its previous price. The realized cap is the cost foundation of every token in circulation.
The model may be seen as a measure of investors' total money invested in the asset. In contrast, market cap measures holders' worth.
Since the MVRV ratio compares these two models, it may indicate if Bitcoin investors own more or less than their original investment.
Tops are more likely to develop when investors are making big gains because profit-taking might rise. A majority of losses might lead to market bottoms as selling pressure fades.
Santiment created an altcoin “opportunity” and “danger” zone model based on these factors. From this MVRV model, the market looks like this chart below.
Bitcoin MVRV
This model places coins in the bullish opportunity zone when their MVRV divergence is greater than 1. The bearish danger zone is indicated by a value below -1.
MVRV divergence for most of the market is in the opportunity zone, according to the chart. The analytics company says,
The market value to realized value (MVRV) of wallets' aggregate returns across 1-month, 3-month, and 6-month cycles show that over 85% of assets we monitor are in a historic opportunity zone.
According to the model, this may be a good moment to buy altcoins.
#BTC #ETH #Altcoin
🔥🔥Tokens worth over $1.17 billion worth of Binance Coin (BNB) are being burned by Binance🔥🔥
🔥Cryptocurrency exchange Binance has removed $1.17 billion worth of coins from circulation, which is equivalent to 1.3% of the available value. The 27th quarterly BNB token burn exercise is a part of Binance's efforts to get over it.
🔥There was no Pioneer Bum program-related token burning here. There was no change to the BNB token price as a result of this piece of information on the burning of tokens. Compared to its previous value, the coin lost 0.9% in a single day, according to CoinMarketCap. To $600, it fell.
🔥Amidst US consideration of a three-year term for Binance founder Changpeng Zhao, the token's price rose by thirteen percent in the last week. Even though trading volumes were up 1.4%, BNB's market cap fell 2.2% to $88 billion.
🔥Right before this, at the start of the year, Binance removed around 2.14 million BNB, which was valued $636 million, from circulation. In all, the BNB burnt were worth around 1.38 percent of the asset's overall value.
🔥Burning 100 million BNB coins was a serious promise made when the cryptocurrency was released in 2017. Every three months, the auto-burn mechanism is used to calculate the results of this activity. This facilitates understanding and other relevant considerations unrelated to the transaction. Furthermore, the BNB Chain will regularly burn a portion of the blockchain's gas fees in the real world.
$BNB #BinanceLaunchpool #BNB
🔥Cryptocurrency exchange Binance has removed $1.17 billion worth of coins from circulation, which is equivalent to 1.3% of the available value. The 27th quarterly BNB token burn exercise is a part of Binance's efforts to get over it.
🔥There was no Pioneer Bum program-related token burning here. There was no change to the BNB token price as a result of this piece of information on the burning of tokens. Compared to its previous value, the coin lost 0.9% in a single day, according to CoinMarketCap. To $600, it fell.
🔥Amidst US consideration of a three-year term for Binance founder Changpeng Zhao, the token's price rose by thirteen percent in the last week. Even though trading volumes were up 1.4%, BNB's market cap fell 2.2% to $88 billion.
🔥Right before this, at the start of the year, Binance removed around 2.14 million BNB, which was valued $636 million, from circulation. In all, the BNB burnt were worth around 1.38 percent of the asset's overall value.
🔥Burning 100 million BNB coins was a serious promise made when the cryptocurrency was released in 2017. Every three months, the auto-burn mechanism is used to calculate the results of this activity. This facilitates understanding and other relevant considerations unrelated to the transaction. Furthermore, the BNB Chain will regularly burn a portion of the blockchain's gas fees in the real world.
$BNB #BinanceLaunchpool #BNB
Prediction of Bonk Price as BONK Soars 150% From Lows
Despite the muted tone of recent activity in the blue-chip cryptocurrency market, the price of Bonk (BONK) has been climbing fast over the last week. BONK has recovered from its early-month lows and is currently up over 130%.
The top Solana meme coins were trading for about $0.000028, down from a low of $0.0000124 on April 13.
After breaking north of a downtrend on Sunday, Bonk's price has been surging, spurring a flurry of technical buying. At its current level, BONK is testing the late March highs, which were at $0.000029.
There is increasing likelihood that the Bonk price may retest the levels it reached in March.
Investors in meme currency are wondering whether the dip-buying opportunity has passed now that the price has more than quadrupled from its previous monthly lows.
Bonk reached a new record high of $0.000047 on March 4th.
Those who are rushing to buy Bonk at this moment have obviously failed to notice the recent price low.
But Bonk has shown it can trade for far more than what it's selling for right now.
The possibility to purchase at a discount may so still be available.
Investors shouldn't put more money at risk than they can afford to lose since meme coins are obviously quite hazardous.
Given Bonk's apparent lack of use, its value might vanish from its present levels in an instant, perhaps by as much as 90%.
However, it should be noted that Bonk is now a very popular joke currency.
In the time after, Bonk built a sizable community—the very essence of a meme currency.
In addition to 220,000 Discord users, Bonk has 13,600 Telegram users and over 280,000 X users.
For anyone predicting that big meme currencies would maintain their value increases throughout current bull market, Bonk might be an excellent choice.
Its $1.8 billion market valuation is little in comparison to Dogecoin and Shiba Inu, for example.
The ebb and flow of fear of missing out (FOMO) means that Bonk might see profits of 10x later on in this bull market.
#Memecoins #BONK $BONK #SHIB #DOGE
Despite the muted tone of recent activity in the blue-chip cryptocurrency market, the price of Bonk (BONK) has been climbing fast over the last week. BONK has recovered from its early-month lows and is currently up over 130%.
The top Solana meme coins were trading for about $0.000028, down from a low of $0.0000124 on April 13.
After breaking north of a downtrend on Sunday, Bonk's price has been surging, spurring a flurry of technical buying. At its current level, BONK is testing the late March highs, which were at $0.000029.
There is increasing likelihood that the Bonk price may retest the levels it reached in March.
Investors in meme currency are wondering whether the dip-buying opportunity has passed now that the price has more than quadrupled from its previous monthly lows.
Bonk reached a new record high of $0.000047 on March 4th.
Those who are rushing to buy Bonk at this moment have obviously failed to notice the recent price low.
But Bonk has shown it can trade for far more than what it's selling for right now.
The possibility to purchase at a discount may so still be available.
Investors shouldn't put more money at risk than they can afford to lose since meme coins are obviously quite hazardous.
Given Bonk's apparent lack of use, its value might vanish from its present levels in an instant, perhaps by as much as 90%.
However, it should be noted that Bonk is now a very popular joke currency.
In the time after, Bonk built a sizable community—the very essence of a meme currency.
In addition to 220,000 Discord users, Bonk has 13,600 Telegram users and over 280,000 X users.
For anyone predicting that big meme currencies would maintain their value increases throughout current bull market, Bonk might be an excellent choice.
Its $1.8 billion market valuation is little in comparison to Dogecoin and Shiba Inu, for example.
The ebb and flow of fear of missing out (FOMO) means that Bonk might see profits of 10x later on in this bull market.
#Memecoins #BONK $BONK #SHIB #DOGE
#MarketSentimentToday
Dogecoin fell 8% today to $0.149 in 24 hours while the cryptocurrency market fell 5%.
The meme token rose 2% in a week after falling 25% in two weeks and 20% in a month.
It risks completing a head-and-shoulders pattern during the previous two months, which would mean a decline to $0.12.
DOGE and the market are oversold, thus it may bottom out before completing such a chart pattern.
DOGE's chart suggests the token has bottomed and will shortly return.
Its relative strength indicator (purple) dipped below 30 yesterday and is moving toward 40, where it might rise further.
DOGE's 30-day moving average (orange) has fallen below its 200-day (blue) and may soon rise.
The coin's trading volume is still low, at $1.4 billion today (compared to $9 billion in early March), so it may suffer additional short-term drops before recovering.
Interesting, its resistance (red) and support (green) levels are softly converging, which usually signals a significant move in either direction.
Several observers note that the token is creating a head-and-shoulders (or ‘Bart Simpson’) pattern, suggesting further decline.
Since whales have shifted DOGE to trading platforms in recent days, the currency may be close to completing the above pattern.
The currency has already reached an oversold position, therefore purchasers may be about to acquire it at a discount.
While the market reacts to the news that the Department of Justice wants to imprison Binance founder Changpeng Zhao for three years and the SEC wants more than $4 billion from Terra Labs and Do Kwon, it should pick up in the coming weeks once things stabilize.
Dogecoin might reach $0.2 by summer and $0.5 by year's end.
#DOGE #Memecoins #BullorBear $DOGE #elonMusk
Dogecoin fell 8% today to $0.149 in 24 hours while the cryptocurrency market fell 5%.
The meme token rose 2% in a week after falling 25% in two weeks and 20% in a month.
It risks completing a head-and-shoulders pattern during the previous two months, which would mean a decline to $0.12.
DOGE and the market are oversold, thus it may bottom out before completing such a chart pattern.
DOGE's chart suggests the token has bottomed and will shortly return.
Its relative strength indicator (purple) dipped below 30 yesterday and is moving toward 40, where it might rise further.
DOGE's 30-day moving average (orange) has fallen below its 200-day (blue) and may soon rise.
The coin's trading volume is still low, at $1.4 billion today (compared to $9 billion in early March), so it may suffer additional short-term drops before recovering.
Interesting, its resistance (red) and support (green) levels are softly converging, which usually signals a significant move in either direction.
Several observers note that the token is creating a head-and-shoulders (or ‘Bart Simpson’) pattern, suggesting further decline.
Since whales have shifted DOGE to trading platforms in recent days, the currency may be close to completing the above pattern.
The currency has already reached an oversold position, therefore purchasers may be about to acquire it at a discount.
While the market reacts to the news that the Department of Justice wants to imprison Binance founder Changpeng Zhao for three years and the SEC wants more than $4 billion from Terra Labs and Do Kwon, it should pick up in the coming weeks once things stabilize.
Dogecoin might reach $0.2 by summer and $0.5 by year's end.
#DOGE #Memecoins #BullorBear $DOGE #elonMusk
$BNB Chain will allow #BSC native liquid staking.
As the BNB Beacon Chain is shut down, BNB Chain will allow native liquid staking on its BNB Smart Chain (BSC).
BNB Chain informed Cointelegraph that the BNB Beacon Chain would close in June 2024. The firm says it would move its features to the BSC before closing.
BNB Chain claimed liquid staking on BSC would let ecosystem members protect the network while maintaining asset liquidity.
BNB Chain indicated the liquid staking functionality will launch in April or May.
The BNB Chain core development team informed Cointelegraph that switching to BSC is a network optimization effort. They said:
Implementation coincides with the BNB Chain Fusion sunset, simplifying the network, enhancing efficiency, eliminating security threats, and meeting technical needs.
The team said that the move is part of the company's expansion ambitions to make BNB Chain “more attractive to users.”
BNB Chain claimed that users may participate in decentralized finance without compromising asset usefulness since they would have liquid staking tokens reflecting their staked crypto assets.
The BNB Chain core development team informed Cointelegraph that holders may assign BNB $60 to a liquidity pool or the validator. They said:
BNB liquidity staking compensates stakers and secures the BNB Chain network. BNB holders have additional choices for staking their assets and BNB.
BNB holders may obtain liquidity provider tokens for staking their tokens in the liquidity pool, which they can employ in numerous ecosystem activities, the team noted.
The development team plans to launch liquid staking and BNB Chain MEV optimization concurrently.
“Validators with MEV enabled will have the opportunity to boost their staking returns through MEV revenue, which will count toward Liquidity Staking rewards,” the team said.
#BinanceLaunchpool #BullorBear
As the BNB Beacon Chain is shut down, BNB Chain will allow native liquid staking on its BNB Smart Chain (BSC).
BNB Chain informed Cointelegraph that the BNB Beacon Chain would close in June 2024. The firm says it would move its features to the BSC before closing.
BNB Chain claimed liquid staking on BSC would let ecosystem members protect the network while maintaining asset liquidity.
BNB Chain indicated the liquid staking functionality will launch in April or May.
The BNB Chain core development team informed Cointelegraph that switching to BSC is a network optimization effort. They said:
Implementation coincides with the BNB Chain Fusion sunset, simplifying the network, enhancing efficiency, eliminating security threats, and meeting technical needs.
The team said that the move is part of the company's expansion ambitions to make BNB Chain “more attractive to users.”
BNB Chain claimed that users may participate in decentralized finance without compromising asset usefulness since they would have liquid staking tokens reflecting their staked crypto assets.
The BNB Chain core development team informed Cointelegraph that holders may assign BNB $60 to a liquidity pool or the validator. They said:
BNB liquidity staking compensates stakers and secures the BNB Chain network. BNB holders have additional choices for staking their assets and BNB.
BNB holders may obtain liquidity provider tokens for staking their tokens in the liquidity pool, which they can employ in numerous ecosystem activities, the team noted.
The development team plans to launch liquid staking and BNB Chain MEV optimization concurrently.
“Validators with MEV enabled will have the opportunity to boost their staking returns through MEV revenue, which will count toward Liquidity Staking rewards,” the team said.
#BinanceLaunchpool #BullorBear
#MarketSentimentToday
My deepest wish is that the American justice system will prevail and that @CZ will get a probationary term next week. In addition to apologizing for his mistakes and voluntarily making the journey to America to face prosecution, CZ has also paid a hefty fine of $4.3 billion. He has not yet pled guilty, but a judge has found him guilty of violating anti-money laundering laws. In addition, the government has not asserted any charges against him relating to crimes such as market manipulation, fraud, theft, or money laundering. No one has ever accused him of being involved in fraudulent conduct or stolen money from investors or customers.
#Binance #BTC #bitcoin #BinanceLaunchpool
My deepest wish is that the American justice system will prevail and that @CZ will get a probationary term next week. In addition to apologizing for his mistakes and voluntarily making the journey to America to face prosecution, CZ has also paid a hefty fine of $4.3 billion. He has not yet pled guilty, but a judge has found him guilty of violating anti-money laundering laws. In addition, the government has not asserted any charges against him relating to crimes such as market manipulation, fraud, theft, or money laundering. No one has ever accused him of being involved in fraudulent conduct or stolen money from investors or customers.
#Binance #BTC #bitcoin #BinanceLaunchpool
XRP drops third day in a row to $0.52
Ripple drops to $0.52 Thursday, wiping off weekly gains.
Crypto expert asks Ripple CTO how stablecoin would improve XRP Ledger and native token.
Attorney Bill Morgan cautions market participants of the ramifications of a lawsuit that bans ODL XRP.
Ripple (XRP) fell below $0.52 on Thursday, erasing all gains from this week. Crypto professionals are concerned about Ripple SVP Eric van Miltenburg's views on the stablecoin and how it would help the XRP Ledger and native token XRP.
Since Tuesday, XRP has fallen after Ripple's answer to the SEC's $2 billion penalty request.
XRP lost Monday's gains after holders digested Ripple's stablecoin announcement and answer to the SEC's $2 billion fine request.
SVP informed Digital Frontier that Ripple would launch its stablecoin on the XRP Ledger, “which will ultimately be good for the ecosystem.” Polygon shows how stablecoins boosted Total Value Locked (TVL) and chain trust, supporting Miltenburg's assertion.
You should worry. A wide permanent injunction that prevents Ripple's ODL or ODL's usage of XRP is bad for XRP and the XRPL ecosystem.
A stablecoin debut and a response to the SEC's $2 billion penalty request are the biggest market movers for XRP investors.
As BTC/USDT remains inactive, XRP trades at $0.5271 on Thursday. Five days after the BTC halving, the asset failed to reach $67,000 four times. XRP and other significant cryptocurrencies are affected by bitcoin prices.
At $0.52, the XRP/USDT pair has pared its weekly gains from $0.55 on Monday. XRP is approximately 25% higher than its April 13 YTD low of $0.4188 despite the drop.
XRP price might rise to $0.60 if it breaks the 50% Fibonacci retracement line at $0.5310 from the April 9-13 collapse. This level is psychologically significant for XRP traders.
XRP's ascent is supported by a bullish MACD indicator. The crossing above the signal line also bodes well for XRP.
This week, the April 21 low of $0.5183 has provided crucial support.
#BTC #ETH #XRP $XRP
Ripple drops to $0.52 Thursday, wiping off weekly gains.
Crypto expert asks Ripple CTO how stablecoin would improve XRP Ledger and native token.
Attorney Bill Morgan cautions market participants of the ramifications of a lawsuit that bans ODL XRP.
Ripple (XRP) fell below $0.52 on Thursday, erasing all gains from this week. Crypto professionals are concerned about Ripple SVP Eric van Miltenburg's views on the stablecoin and how it would help the XRP Ledger and native token XRP.
Since Tuesday, XRP has fallen after Ripple's answer to the SEC's $2 billion penalty request.
XRP lost Monday's gains after holders digested Ripple's stablecoin announcement and answer to the SEC's $2 billion fine request.
SVP informed Digital Frontier that Ripple would launch its stablecoin on the XRP Ledger, “which will ultimately be good for the ecosystem.” Polygon shows how stablecoins boosted Total Value Locked (TVL) and chain trust, supporting Miltenburg's assertion.
You should worry. A wide permanent injunction that prevents Ripple's ODL or ODL's usage of XRP is bad for XRP and the XRPL ecosystem.
A stablecoin debut and a response to the SEC's $2 billion penalty request are the biggest market movers for XRP investors.
As BTC/USDT remains inactive, XRP trades at $0.5271 on Thursday. Five days after the BTC halving, the asset failed to reach $67,000 four times. XRP and other significant cryptocurrencies are affected by bitcoin prices.
At $0.52, the XRP/USDT pair has pared its weekly gains from $0.55 on Monday. XRP is approximately 25% higher than its April 13 YTD low of $0.4188 despite the drop.
XRP price might rise to $0.60 if it breaks the 50% Fibonacci retracement line at $0.5310 from the April 9-13 collapse. This level is psychologically significant for XRP traders.
XRP's ascent is supported by a bullish MACD indicator. The crossing above the signal line also bodes well for XRP.
This week, the April 21 low of $0.5183 has provided crucial support.
#BTC #ETH #XRP $XRP
