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Bitcoin's halving event, scheduled for 2024, is a significant milestone in the cryptocurrency's history. This event involves a reduction in the block reward, the number of new bitcoins mined per block, by 50%. This halving mechanism is designed to regulate the supply of bitcoins and maintain its value over time.
The 2024 halving is expected to have several implications. Firstly, it will reduce the rate of new bitcoin issuance, potentially leading to increased scarcity and higher prices. Secondly, it could impact the mining industry, as miners will receive fewer rewards for their computational efforts. This may lead to adjustments in mining operations, such as increased efficiency or a shift towards more energy-efficient mining hardware.
While the exact impact of the 2024 halving is uncertain, it is likely to be a catalyst for further discussion and analysis within the cryptocurrency community. As the event draws closer, market participants will closely monitor its potential effects on bitcoin's price, mining dynamics, and overall network security.
#BinanceLaunchpoolVANA $BTC
🚀 Dogecoin (DOGE) is on the brink of a major breakout, with analysts predicting a potential 200% surge that could finally push it past the $1 mark! While this excites the DOGE community, savvy investors are eyeing projects with real-world applications. Enter Rexas Finance (RXS), a standout in asset tokenization, raising $24.6M in a viral presale. With a focus on transparency and liquidity, RXS offers a promising alternative for those seeking exponential returns. 🌟
What are your thoughts on DOGE's potential and Rexas Finance's rise? Share in the comments!
🌟 Exciting News from Vietnam! 🌟 MEXC, a global crypto trading leader, is set to host the grand finale of MShow on December 14. This vibrant event celebrates creativity and innovation, spotlighting Vietnam's trendsetters. Since October, over 500 participants have showcased their talents, with the top 15 finalists ready to dazzle the judges.
🎉 Expect an electrifying concert, interactive games, and exclusive prizes! MShow bridges the gap between crypto and non-crypto communities, empowering local youth and enhancing MEXC's engagement in Vietnam.
Join the conversation! What are your thoughts on MEXC's role in the crypto ecosystem? 💬
BlackRock on Bitcoin: 2% allocation reasonable for portfolios
BlackRock has recommended a Bitcoin allocation size for the first time, likening the digital asset
According to a new BlackRock report, allocating 1-2% of a multi-asset portfolio to Bitcoin Bitcoin
btc
-0.65%
Bitcoin represents a “reasonable range,” as spot BTC exchange-traded funds have amassed $113 billion in assets under management.
The $11.5 trillion asset manager envisions an ideal portfolio split 60-40 between stocks and bonds. BlackRock suggests padding the stock segment with Alphabet (Google), Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla—referred to as the Magnificent 7—while maintaining the same risk weight as a 2% BTC allocation.
“Why not more? Going beyond that would sharply increase Bitcoin’s share of the overall portfolio risk,” per the world’s largest wealth manager and spot BTC ETF issuer.
This marks the first time BlackRock has explicitly specified how much investors should allocate to BTC. Bloomberg’s Eric Balchunas noted that the report likely addresses frequent “how much?” inquiries. As of December 12, BlackRock’s IBIT dominated the spot BTC ETF market, managing $53.8 billion in investments.
$BTC
{future}(BTCUSDT)
#BitcoinKeyZone
*Here's the latest analysis update for REIUSDT:*
Current Price and Trend
The current price of REIUSDT stands at $0.04289, which is a crucial level for determining the short-term trend.¹ If the price fails to maintain this level, the next support zone to watch is at $0.0380.
Technical Indicators
The MACD is hovering near the zero line, indicating a balance between buying and selling pressures. The RSI is positioned at around 48, which is neutral, suggesting there's room for upward or downward movement.
Resistance and Support Levels
Resistance levels are identified at $0.04700 and $0.05666, while support levels are at $0.0380 and $0.04289. Monitoring these levels can help traders and investors anticipate potential price movements.
Breakout Possibilities
A breakout above the resistance level with increased volume could be a signal to consider a long position, aiming for the next resistance levels. Conversely, a breakdown below the green support line might indicate a shift to bearish sentiment.
Caution and Disclaimer
Please keep in mind that this analysis is not financial advice, and you should always do your own research before making investment decisions.
$REI
{future}(REIUSDT)
#BTCReclaims101K
LayerZero — If it starts to run, it'll be massive!
ZRO broke out of a lengthy sideways consolidation just a few days ago. On top of that, the price tested the breakout level successfully and seems to be ready for a massive move.
The chart reminds me a lot of $DOT in 2021: a lengthy sideways consolidation, breakout, and massive pump. At that time, Polkadot surged more than 800%.
Of course, we can't simply mirror that to ZRO. But the token has a strong community, growing social buzz, and finally, a chart that screams for a push.
$ZRO #LayerZero
{spot}(ZROUSDT)
Magic Eden ($ME): A Hidden Gem with Massive Potential?
Technical Analysis Highlights:
1. Recent Trend: $ME has shown a volatile yet promising start since its launch, with a sharp initial rise to $8 followed by a correction to $4.19.
2. Indicators:
• RSI (6): At 32.8, $ME is nearing the oversold territory, signaling a potential reversal.
• MACD: Shows a bearish trend but flattening, indicating reduced selling pressure.
3. Volume: The initial volume surge hints at high market interest; however, the current decrease suggests a consolidation phase.
4. Money Flow:
• Short-term inflows remain negative, but 5-day large inflow (+34.6M) indicates strong accumulation from whales.
5. Support & Resistance:
• Support: $4, $3.8
• Resistance: $5, $6, $8
5 Potential Targets:
• Short-term: $5.2, $6.1
• Mid-term: $7.5
• Long-term: $8.2, $10+
Key Takeaway: Magic Eden ($ME) shows signs of consolidation, making it an exciting prospect for both short-term gains and long-term growth, especially as its ecosystem matures.
🚀 Binance is on a roll! With over $24 billion in inflows, it's like the crypto world's version of Black Friday shopping! 🛒
Binance's secret sauce? Global adoption, regulatory wins, and the shiny new Bitcoin ETFs. It's no wonder they’ve got nearly 250 million users worldwide!
Meanwhile, Bybit and OKX are playing catch-up with $8.2B and $5.3B, respectively. BitMEX and Robinhood are also in the mix, but some exchanges are seeing outflows. Oops! 😅
Feeling bullish on crypto's future? Share your thoughts below! Let's get the comment section buzzing! 📈
Dragonfly Capital has led a $4.25 million seed funding round for Fantasy, a decentralized card game platform, with participation from Manifold Ventures. The investment aims to enhance Fantasy's trading card game and fantasy betting experiences. Alongside the fundraising, Fantasy announced the launch of its V2 platform, featuring a new Pack Shop for diverse card collections such as Jade and Sapphire. The update also introduces advanced tactics and game modes. To celebrate, an airdrop of card fragments is available to players, offering strategic opportunities to enhance collections.
$AVA /USDT Explodes with a 315% Surge – Eyeing a Second Wind!
{spot}(AVAUSDT)
$AVA is trading at $3.1552 after an incredible 315% gain within 24 hours. The price spiked to a high of $3.5200 before facing minor pullbacks, with current support at $2.8000. Momentum remains strong, and a breakout above $3.4000 resistance could push $AVA toward new highs.
Traders can consider entering around $3.1000, targeting $3.3000 (TP1), $3.4500 (TP2), and $3.5000 (TP3) for short-term gains. A stop-loss at $2.7500 is advised to minimize risk. With such remarkable growth, AVA's trend warrants close attention for further opportunities!
#AVA #MarketMajorComeback
Chainlink price hits 3-year high as open interest spikes to all-time high
Chainlink is among top gainers on Dec. 12 as its price breaks to its highest level in nearly three years, with this coming as futures open interest spiked to an all-time high.
Data from on-chain and financial metrics provider Glassnode revealed that Chainlink Chainlink
link
0.81%
Chainlink futures open interest reached $770.27 million as LINK hit its highest levels in almost two years. OI, a measure of market activity, provides insights into investor sentiment, which appears bullish in this case.
Glassnode’s data from December 11 highlighted that Chainlink’s OI was nearly three times that of Toncoin (TON) and twice that of TRON (TRX). Specifically, TON and TRX futures open interest stood at $259 million and $356 million, respectively.
On Dec. 12, LINK’s price soared to $29.45, continuing its upward momentum after reaching levels last seen in January 2022.
This is despite the latest profit taking in the spot market. Analysts say the selling largely came from speculative traders. As speculators pushed profit taking to its highest level since February, “long-term holders stayed mostly quiet.”
As of the time of writing, Chainlink had gained 13% on the day and was up 97% over the past week and 30 days, respectively.
$LINK
{future}(LINKUSDT)
#BitcoinKeyZone
👏 @OpenOceanGlobal, a leading multichain DEX aggregator, proposes a strategic integration with StaFi #LSaaS module!
🌟Proposed Integration Structure
1️⃣Swap: Aggregate liquidity for same-chain and cross-chain transactions, delivering users the best rates for their trades.
2️⃣Bridge: Facilitate seamless cross-chain asset transfers, enabling the integration of StaFi's liquid staking derivatives into broader #DeFi ecosystems.
🌟Flexible Modes of Operation
1️⃣Free Mode: Free access to core swap and bridge functionalities.
2️⃣Business Mode: Premium services with additional features like fee sharing, customized integrations, and advanced analytics.
This proposal aims to enhance the user experience, expand StaFi #LSaaS capabilities, and unlock new opportunities for both protocols by integrating OpenOcean's cutting-edge cross-chain swap and bridge functionalities.
We'd love to hear your thoughts and feedback!
👉Full Proposal: