Bitcoin is the only option for the United States to pay off its national debt of $34 trillion. Once Bitcoin reaches $13 million, the United States would only need to hold 2.6 million Bitcoins to pay off 100% of its $34 trillion debt. We must strive to create a strategic Bitcoin reserve to save America. 🇺🇸 $BTC #US_Job_Market_Slowdown #Babylon_Mainnet_Launch #BinanceHODLerBANANA #BinanceTurns7 #SOFR_Spike
There is hysteria among Americans everywhere with headlines claiming, "Saudi Arabia has informed the Biden administration that it will not renew the petrodollar agreement."
I believe the first thing we will notice is the fluctuation of stablecoins pegged to the US dollar, such as USDT, USDC, and other stablecoins. Consequently, people will flee these currencies to buy Bitcoin in the cryptocurrency markets and will escape from the dollar to buy gold and silver in global markets. Notably, the latest report indicated massive gold purchases by China in recent months, as if they are preparing for something imminent.
I don't think events will unfold rapidly overnight, so we will have to wait and see the market's reaction from Monday and over the coming weeks. Since there are future contracts that will be settled in dollars between countries, the impact might be delayed and not as immediate as some exaggerate.
🔺 Avalanche raises $250M for Avalanche9000 upgrade
Avalanche secured $250 million through a token sale to support the launch of its Avalanche9000 upgrade. This update will reduce blockchain deployment costs by 99.9% and transaction fees by 25x, while also enhancing scalability
💰 Investors include Galaxy Digital, Dragonfly, and ParaFi Capital. The mainnet launch is scheduled for December 16, with over 500 projects already in the ecosystem, spanning DeFi, gaming, and tokenized real-world assets $AVAX #Avax🔥🔥 #MarketMajorComeback
Ethereum has rebounded, followed by other altcoins ✅
The $3,500 level has turned into a strong support zone, and I don’t believe there will be an attempt to retest it anytime soon.
The recent dip two days ago was beneficial for the market, as it helped cool down the futures market and liquidate high-leverage traders, which supports the continuation of the upward trend.
Now, God willing, Ethereum will begin its journey to discover new highs. We have strong liquidity available up to the $4,700 level.
Ethereum's movement towards that liquidity will have a directly positive impact on altcoins, especially Ethereum-based coins, God willing.
GMT: A Pioneering Ecosystem and the Initiative to Burn 600 Million Tokens
@GMT DAO has announced a historic initiative to burn 600 million GMT tokens purchased for 100 million USD. This move aims to enhance trust and reduce the available supply in the market, significantly supporting the token’s value. GMT is a digital currency launched through the Binance Launchpad and forms the foundation of the GMT DAO ecosystem, which supports innovative projects such as: • STEPN: A fitness app built on blockchain technology.
PEPE has climbed to #20 in the crypto rankings, surpassing big names like $UNI $LTC and $NEAR with a market cap of over $11 billion. #AltcoinMarketWatch #Memerally
1. #Bitcoin Dominance: • Dropped to 55% from its peak of 61%. 📉 • Indicates a potential strong rise for altcoins. 🌟
2. Fear & Greed Index: • At 81 (Extreme Greed). 😱 • Market might see a correction soon, or the momentum could drive prices higher. 📈
3. #Altcoinseason2024 Indicator: • Currently at 73, signaling the start of a powerful altcoin season. 🤑
4. #Altcoins Years Indicator: • At 43, suggesting significant room for altcoins to grow. 🌱 • Historically, levels below 50 indicate a continuing bullish trend for altcoins. 📊
5. Total Value Locked (TVL): • Stands at $134.4 billion, with the previous peak still intact. 💰 • Breaking the peak could unleash major inflows into DeFi projects. 🔓
6. #ETF Inflows: • Bitcoin: $766.7M, Ethereum: $428.5M. 🏦 • Strong institutional backing could push prices to new highs. 🌌
7. $JTO Token Unlock: • Token unlock worth $496.71M. 🪙 • May cause selling pressure unless there’s enough demand to absorb it. ⚖️
Future Outlook 🔮
• Altcoins: Positioned for a strong rally as their season gains momentum. 🚀 • Bitcoin: Institutional support ensures stability with room for further growth. 🏔️ • DeFi Projects: Could see explosive growth if the TVL peak is broken. 🔥 #CryptoHistoricMoment $JTO