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🦊 7 Trillion Shiba Inu (SHIB) in 24 Hours: Is Shiba Finally Surging?
With the dull performance of the Shiba Inu network on the weekend and Monday, we are finally seeing some resurgence, with the activity of whales ascending. Almost eight trillion Shiba Inu were transacted between various entities.
New data shows that the Shiba Inu network has experienced a notable increase in the quantity of large transactions. The number of large transactions has increased significantly over the past 24 hours, totaling 153 compared to the seven-day low of 101.
This increase in activity points to a resurgence of interest among the major players on the market — also known as whales. Significant amounts of SHIB are being moved by these whales, suggesting potential phases of accumulation or strategic positioning. In the course of this 24-hour period, more than 7.53 trillion SHIB were moved.
This indicates that the market is seeing a surge in liquidity and activity as it has made a significant recovery from the seven-day low of 1.36 trillion SHIB. This newfound interest was anticipated after the market reached a seven-day high of 161 trillion SHIB on June 5, but the volume today shows that key players are still actively involved. SHIB is currently trading slightly below its 100 EMA at about $0.000022.
SHIB is having difficulty hanging onto important support levels, as the recent price action suggests. The increase in big transactions may be a harbinger of future increases. SHIB may breach present resistance levels and aim for higher targets if the whales are gathering.
$SHIB #SHIB
With the dull performance of the Shiba Inu network on the weekend and Monday, we are finally seeing some resurgence, with the activity of whales ascending. Almost eight trillion Shiba Inu were transacted between various entities.
New data shows that the Shiba Inu network has experienced a notable increase in the quantity of large transactions. The number of large transactions has increased significantly over the past 24 hours, totaling 153 compared to the seven-day low of 101.
This increase in activity points to a resurgence of interest among the major players on the market — also known as whales. Significant amounts of SHIB are being moved by these whales, suggesting potential phases of accumulation or strategic positioning. In the course of this 24-hour period, more than 7.53 trillion SHIB were moved.
This indicates that the market is seeing a surge in liquidity and activity as it has made a significant recovery from the seven-day low of 1.36 trillion SHIB. This newfound interest was anticipated after the market reached a seven-day high of 161 trillion SHIB on June 5, but the volume today shows that key players are still actively involved. SHIB is currently trading slightly below its 100 EMA at about $0.000022.
SHIB is having difficulty hanging onto important support levels, as the recent price action suggests. The increase in big transactions may be a harbinger of future increases. SHIB may breach present resistance levels and aim for higher targets if the whales are gathering.
$SHIB #SHIB
Yesterday, $IO launched successfully, but is it smart to buy now? Some people warned against buying right after the launch. It's a bit of a gamble - you might get stuck for a while or make a quick profit. For example, I bought some for $198 and sold for $122 within an hour, but I was okay with potentially forgetting about that money for a few months. If you're looking for quick profit, buying right after the launch was the move. However, I don't foresee a huge spike from this point. If you're thinking long-term, it might be wise to wait for the first dip before jumping in. If this advice helps, consider liking and following me. Always remember to Do Your Own Research (#Dyor2024 ).
$IO crushing it on Binance launch! Unlike some other tokens (looking at you $OMNI !), IO isn't having a dramatic first day dip.
Sure, it hit a high of $4.622 before finding its footing around $3.837 now. But hey, that's crypto! 🤷😅
The coolest part? The trading volume is crazy - over $1 billion in the last 24 hours! 🔥
There might be some folks selling (around $2 million worth), but the big boys seem to be buying in (almost $1.5 million!). 👊😎
This could be a good sign for IO's future.?! Keep an eye on it! 💻👀 DYOR! #IO #altcoins
Sure, it hit a high of $4.622 before finding its footing around $3.837 now. But hey, that's crypto! 🤷😅
The coolest part? The trading volume is crazy - over $1 billion in the last 24 hours! 🔥
There might be some folks selling (around $2 million worth), but the big boys seem to be buying in (almost $1.5 million!). 👊😎
This could be a good sign for IO's future.?! Keep an eye on it! 💻👀 DYOR! #IO #altcoins
Notcoin has revoked the rights to the token
The rights to the token have been revoked, and now the issue cannot be increased in any way. The name of the token cannot be changed and neither can its image.
The project is now decentralized. Sasha “Notcoin” will no longer be able to print more coins, change the code or take NOT from you. All you can do now is burn coins, which will lead to a deflationary scenario. But there will be no dramatic growth from this burning. Burning is long term growth. Notcoins became limited after the clicker shutdown, and now there are fewer and fewer of them every day.
What is a revocation of rights to a token?
The token now has no owner, the rights to the token cannot be restored.
- The name of the token cannot be changed.
- The logo also remains forever.
- Fixing the maximum number (supply) of coins. Issue cannot be increased. Now only burning and reducing the total supply. The deflationary model will be fully functional.
This is always good for the token and its development in general
The rights to the token have been revoked, and now the issue cannot be increased in any way. The name of the token cannot be changed and neither can its image.
The project is now decentralized. Sasha “Notcoin” will no longer be able to print more coins, change the code or take NOT from you. All you can do now is burn coins, which will lead to a deflationary scenario. But there will be no dramatic growth from this burning. Burning is long term growth. Notcoins became limited after the clicker shutdown, and now there are fewer and fewer of them every day.
What is a revocation of rights to a token?
The token now has no owner, the rights to the token cannot be restored.
- The name of the token cannot be changed.
- The logo also remains forever.
- Fixing the maximum number (supply) of coins. Issue cannot be increased. Now only burning and reducing the total supply. The deflationary model will be fully functional.
This is always good for the token and its development in general
$RNDR is not looking promising at the moment. it is heading towards the next important 7.5$ support level amid bearish trends. Expect a reversal in the near term, with Render poised to rule alongside $BTC in the next bull rally.
We've seen a 570% profit rise in the past rally.
We've seen a 570% profit rise in the past rally.
Attention investors!
Attention investors! Please be aware of the following important economic events on June 12 and 13 to make informed decisions and avoid potential losses.
June 12:
1. US Core Consumer Price Index (CPI) by month: This index measures the prices of a basket of goods and services purchased by households, excluding food and energy. It provides insights into inflation trends and consumer spending patterns.
2. US Consumer Price Index (CPI) by month: Similar to the core CPI, this index tracks the prices of a broad range of goods and services purchased by households, including food and energy. It is a widely followed indicator of inflation in the US economy.
3. US Consumer Price Index (CPI) by year: This dataset provides a historical perspective on inflation trends in the US, allowing investors and policymakers to analyze long-term patterns and make informed decisions.
June 13:
1. US Federal Funds Interest Rate: The Federal Funds Rate is the interest rate at which depository institutions lend to each other overnight. It is a crucial benchmark for monetary policy decisions and has a significant impact on short-term interest rates in the US economy.
2. Economic Forecast of the Federal Open Market Committee (FOMC): The FOMC is responsible for setting monetary policy in the US, including adjusting interest rates. The economic forecast provides insights into the committee's expectations for inflation, economic growth, and other key indicators.
3. Federal Open Market Committee (FOMC) Statement: The FOMC statement outlines the committee's monetary policy decisions and provides a detailed explanation of the rationale behind those decisions. It is closely watched by investors and analysts for its implications for interest rates and the overall direction of monetary policy.
4. Press Conference of the Federal Open Market Committee (FOMC): Following the release of the FOMC statement, committee members hold a press conference to answer questions from the media and provide further clarification on their decisions. This event offers valuable insights into the committee's thinking and can influence market sentiment.
Please note that these events are subject to change and may not be comprehensive. It is essential to stay informed and conduct thorough research before making any investment decisions.
June 12:
1. US Core Consumer Price Index (CPI) by month: This index measures the prices of a basket of goods and services purchased by households, excluding food and energy. It provides insights into inflation trends and consumer spending patterns.
2. US Consumer Price Index (CPI) by month: Similar to the core CPI, this index tracks the prices of a broad range of goods and services purchased by households, including food and energy. It is a widely followed indicator of inflation in the US economy.
3. US Consumer Price Index (CPI) by year: This dataset provides a historical perspective on inflation trends in the US, allowing investors and policymakers to analyze long-term patterns and make informed decisions.
June 13:
1. US Federal Funds Interest Rate: The Federal Funds Rate is the interest rate at which depository institutions lend to each other overnight. It is a crucial benchmark for monetary policy decisions and has a significant impact on short-term interest rates in the US economy.
2. Economic Forecast of the Federal Open Market Committee (FOMC): The FOMC is responsible for setting monetary policy in the US, including adjusting interest rates. The economic forecast provides insights into the committee's expectations for inflation, economic growth, and other key indicators.
3. Federal Open Market Committee (FOMC) Statement: The FOMC statement outlines the committee's monetary policy decisions and provides a detailed explanation of the rationale behind those decisions. It is closely watched by investors and analysts for its implications for interest rates and the overall direction of monetary policy.
4. Press Conference of the Federal Open Market Committee (FOMC): Following the release of the FOMC statement, committee members hold a press conference to answer questions from the media and provide further clarification on their decisions. This event offers valuable insights into the committee's thinking and can influence market sentiment.
Please note that these events are subject to change and may not be comprehensive. It is essential to stay informed and conduct thorough research before making any investment decisions.
When starting to trade, it's crucial to understand that you may experience significant losses in the initial stages. Trading involves competing against highly skilled individuals in a zero-sum game, where one person's gain is another's loss. To succeed, it's essential to be disciplined, careful, and objective, while also avoiding greed. Learning from experienced traders, reading relevant books, and watching educational videos can significantly improve your chances of success in the trading world. By preparing and educating yourself before starting to trade, you can potentially beat more experienced traders and achieve your financial goals.
Notcoin has allocated 40 million $NOT (~$1 million) to compensate early users who purchased vouchers during the pre-market.
The first 5867 voucher buyers are included in the snapshot. These early buyers purchased vouchers at high prices due to limited supply. Although these were user actions (prices were determined by the P2P market), the developers thought it would be right to support these people.
As a result, 6900 #NOT ($170) will be deposited today as compensation for one voucher (automatically sent to the wallet).
#NOT🔥🔥🔥
The first 5867 voucher buyers are included in the snapshot. These early buyers purchased vouchers at high prices due to limited supply. Although these were user actions (prices were determined by the P2P market), the developers thought it would be right to support these people.
As a result, 6900 #NOT ($170) will be deposited today as compensation for one voucher (automatically sent to the wallet).
#NOT🔥🔥🔥
$BTC surpasses the $70,000 level and continues the push higher towards the next resistance area around $71,250. Price experiences a rejection and a retest back to $68,000 is expected before moving up.
$NOT
Good news from notcoin
At the beginning of the pre-market, people bought the vouchers for a huge price because of the limited supply. While it was all user actions (P2P market defined the price), we thought that it will probably be a right thing to support these people. 40M Notcoin ($1M USD) will be sent today to the snapshotted addresses for those who bought or held the first 5867 vouchers before the pre-market was open or everyone. 6900 Notcoin (~$170 USD) for each voucher. Thank you for your patience, friends. It took us some time to get back to it, but we keep the promise.
Congratulations to early supporters - you deserve the profit you will soon receive. 🎉
Good news from notcoin
At the beginning of the pre-market, people bought the vouchers for a huge price because of the limited supply. While it was all user actions (P2P market defined the price), we thought that it will probably be a right thing to support these people. 40M Notcoin ($1M USD) will be sent today to the snapshotted addresses for those who bought or held the first 5867 vouchers before the pre-market was open or everyone. 6900 Notcoin (~$170 USD) for each voucher. Thank you for your patience, friends. It took us some time to get back to it, but we keep the promise.
Congratulations to early supporters - you deserve the profit you will soon receive. 🎉
What is DYOR? How to Perform Effective DYOR?
DYOR stands for "Do Your Own Research." It is a phrase commonly used in the cryptocurrency and financial communities, encouraging individuals to thoroughly investigate and understand an investment opportunity before making a decision.
Performing effective DYOR involves the following steps:
1. Educate yourself: Start by learning the basics of the investment you're interested in. This could include understanding the underlying technology, reading about its history, and learning about its potential risks and rewards.
2. Gather information: Look for reliable sources of information about the investment, such as official websites, whitepapers, and articles from reputable news outlets or financial analysts. It's also a good idea to read reviews and forums where people discuss their experiences with the investment. Compare different sources: Don't rely on a single source of information. Instead, gather information from multiple sources to get a well-rounded understanding of the investment.
4. Consult with experts: If you have the opportunity, consult with financial advisors, analysts, or other experienced investors who have knowledge about the investment you're considering. They can provide valuable insights and help you make a more informed decision.
5. Stay up to date: Keep an eye on news and developments related to the investment. This will help you stay informed about any changes that could impact its value.
By following these steps, you can perform effective DYOR and make more informed decisions about your investments. Remember, it's always important to do your due diligence and thoroughly research any investment opportunity before making a decision.
#dyor
Performing effective DYOR involves the following steps:
1. Educate yourself: Start by learning the basics of the investment you're interested in. This could include understanding the underlying technology, reading about its history, and learning about its potential risks and rewards.
2. Gather information: Look for reliable sources of information about the investment, such as official websites, whitepapers, and articles from reputable news outlets or financial analysts. It's also a good idea to read reviews and forums where people discuss their experiences with the investment. Compare different sources: Don't rely on a single source of information. Instead, gather information from multiple sources to get a well-rounded understanding of the investment.
4. Consult with experts: If you have the opportunity, consult with financial advisors, analysts, or other experienced investors who have knowledge about the investment you're considering. They can provide valuable insights and help you make a more informed decision.
5. Stay up to date: Keep an eye on news and developments related to the investment. This will help you stay informed about any changes that could impact its value.
By following these steps, you can perform effective DYOR and make more informed decisions about your investments. Remember, it's always important to do your due diligence and thoroughly research any investment opportunity before making a decision.
#dyor
$NOT
Notcoin, a cryptocurrency, has the potential to reach significant value in the coming years. By 2024, it could potentially rise to $0.1 to $0.3, provided it continues on its current trajectory. If the project attracts sufficient investors, Notcoin could reach $0.5 to $1 by 2025-2026. In the long term, with continued growth and the implementation of better projects, Notcoin could potentially reach $2 to $5 or even more in 2027 and beyond. However, it's important to note that cryptocurrency prices can be unpredictable and subject to change over time. As such, any investment in Notcoin carries inherent risks, and investors should be cautious and only invest what they can afford to lose.
#NOT🔥🔥🔥
Notcoin, a cryptocurrency, has the potential to reach significant value in the coming years. By 2024, it could potentially rise to $0.1 to $0.3, provided it continues on its current trajectory. If the project attracts sufficient investors, Notcoin could reach $0.5 to $1 by 2025-2026. In the long term, with continued growth and the implementation of better projects, Notcoin could potentially reach $2 to $5 or even more in 2027 and beyond. However, it's important to note that cryptocurrency prices can be unpredictable and subject to change over time. As such, any investment in Notcoin carries inherent risks, and investors should be cautious and only invest what they can afford to lose.
#NOT🔥🔥🔥
Bitcoin on the Rise: Aiming for New Peak Post-Halving
Bitcoin, the world's leading cryptocurrency, has seen significant growth in recent times, reaching a value of $67,600. With its increasing popularity and adoption, many experts are predicting that Bitcoin could reach new heights in the near future. In this article, we will explore the potential for Bitcoin to reach a peak of $130,000 to $150,000 by late next year, based on previous post-halving cycles.
Previous post-halving cycles
Bitcoin halvings occur approximately every four years and mark a significant event in the cryptocurrency's history. These halvings have historically marked almost perfectly symmetrical bullish cycles. In his June 2 report, Peter Brandt, a well-known cryptocurrency trader, explained that the recent Bitcoin halving on April 20 has followed this trend.
Peter Brandt's analysis
Brandt's analysis suggests that the most recent Bitcoin bull market began roughly 16 months after the halving event. If this trend continues, Bitcoin could experience a significant surge in value, reaching a peak of $130,000 to $150,000 between late August and early September of next year.
Factors driving Bitcoin's growth
Several factors are driving Bitcoin's growth, including increasing adoption, decreasing supply, and growing interest in cryptocurrencies. The halving event has reduced the supply of newly minted Bitcoins, which has led to increased demand and higher prices.
Conclusion
In conclusion, Bitcoin's recent growth and its potential to reach a peak of $130,000 to $150,000 by late next year are based on previous post-halving cycles. With its increasing popularity and adoption, Bitcoin is poised for continued success in the future. As the world continues to embrace digital currencies, the potential for Bitcoin to reach new heights is vast and exciting.
#BTC☀
$BTC
Previous post-halving cycles
Bitcoin halvings occur approximately every four years and mark a significant event in the cryptocurrency's history. These halvings have historically marked almost perfectly symmetrical bullish cycles. In his June 2 report, Peter Brandt, a well-known cryptocurrency trader, explained that the recent Bitcoin halving on April 20 has followed this trend.
Peter Brandt's analysis
Brandt's analysis suggests that the most recent Bitcoin bull market began roughly 16 months after the halving event. If this trend continues, Bitcoin could experience a significant surge in value, reaching a peak of $130,000 to $150,000 between late August and early September of next year.
Factors driving Bitcoin's growth
Several factors are driving Bitcoin's growth, including increasing adoption, decreasing supply, and growing interest in cryptocurrencies. The halving event has reduced the supply of newly minted Bitcoins, which has led to increased demand and higher prices.
Conclusion
In conclusion, Bitcoin's recent growth and its potential to reach a peak of $130,000 to $150,000 by late next year are based on previous post-halving cycles. With its increasing popularity and adoption, Bitcoin is poised for continued success in the future. As the world continues to embrace digital currencies, the potential for Bitcoin to reach new heights is vast and exciting.
#BTC☀
$BTC
Beginner's Guide to Investing in Cryptocurrencies
Introduction
Cryptocurrencies, also known as digital or virtual currencies, have gained immense popularity in recent years. They offer a new way of conducting transactions and storing value, making them an attractive investment opportunity for many. However, for those new to the world of cryptocurrencies, understanding how they work can be overwhelming. This article aims to provide a beginner's guide to investing in cryptocurrencies, covering the basics, popular cryptocurrencies, and tips for new investors.
Basics of Cryptocurrencies
Cryptocurrencies are decentralized digital currencies that use cryptography to secure their transactions and control the creation of new units. They operate on blockchain technology, which is a distributed ledger that records transactions across a network of computers. This decentralized nature of cryptocurrencies makes them different from traditional currencies, which are controlled by governments or financial institutions.
Popular Cryptocurrencies
Bitcoin, the first and most widely recognized cryptocurrency, was launched in 2009. It operates on a decentralized network and allows users to send and receive money without the need for intermediaries like banks. Ethereum, another popular cryptocurrency, was launched in 2015 and is known for its smart contract functionality, which enables the creation of decentralized applications (DApps).
Other popular cryptocurrencies include Ripple, Litecoin, and Cardano, each with its own unique features and use cases. It's important for new investors to research and understand the differences between these cryptocurrencies before investing.
Tips for New Investors
Investing in cryptocurrencies can be a lucrative opportunity, but it also comes with risks. Here are some tips for new investors to keep in mind:
1. Research and understand the basics: Before investing in cryptocurrencies, it's essential to have a basic understanding of how they work. This will help you make informed decisions and avoid common pitfalls.
2. Diversify your portfolio: Investing in a single cryptocurrency can be risky. It's recommended to diversify your portfolio by investing in multiple cryptocurrencies to reduce risk.
3. Use reputable exchanges: When buying or selling cryptocurrencies, it's important to use reputable exchanges that offer secure and reliable services. Always research the exchange before using it.
4. Keep your investments secure: Cryptocurrencies are stored in digital wallets, so it's crucial to keep your investments secure. Use strong passwords, enable two-factor authentication, and regularly back up your wallet.
5. Stay updated with market trends: Cryptocurrency markets can be volatile, so it's essential to stay updated with market trends and news. This will help you make informed decisions and avoid potential losses.
Conclusion
Investing in cryptocurrencies can be an exciting and rewarding experience, but it's important to approach it with caution and knowledge. By understanding the basics of cryptocurrencies, researching popular options, and following tips for new investors, you'll be well on your way to a successful cryptocurrency investment journey.
Cryptocurrencies, also known as digital or virtual currencies, have gained immense popularity in recent years. They offer a new way of conducting transactions and storing value, making them an attractive investment opportunity for many. However, for those new to the world of cryptocurrencies, understanding how they work can be overwhelming. This article aims to provide a beginner's guide to investing in cryptocurrencies, covering the basics, popular cryptocurrencies, and tips for new investors.
Basics of Cryptocurrencies
Cryptocurrencies are decentralized digital currencies that use cryptography to secure their transactions and control the creation of new units. They operate on blockchain technology, which is a distributed ledger that records transactions across a network of computers. This decentralized nature of cryptocurrencies makes them different from traditional currencies, which are controlled by governments or financial institutions.
Popular Cryptocurrencies
Bitcoin, the first and most widely recognized cryptocurrency, was launched in 2009. It operates on a decentralized network and allows users to send and receive money without the need for intermediaries like banks. Ethereum, another popular cryptocurrency, was launched in 2015 and is known for its smart contract functionality, which enables the creation of decentralized applications (DApps).
Other popular cryptocurrencies include Ripple, Litecoin, and Cardano, each with its own unique features and use cases. It's important for new investors to research and understand the differences between these cryptocurrencies before investing.
Tips for New Investors
Investing in cryptocurrencies can be a lucrative opportunity, but it also comes with risks. Here are some tips for new investors to keep in mind:
1. Research and understand the basics: Before investing in cryptocurrencies, it's essential to have a basic understanding of how they work. This will help you make informed decisions and avoid common pitfalls.
2. Diversify your portfolio: Investing in a single cryptocurrency can be risky. It's recommended to diversify your portfolio by investing in multiple cryptocurrencies to reduce risk.
3. Use reputable exchanges: When buying or selling cryptocurrencies, it's important to use reputable exchanges that offer secure and reliable services. Always research the exchange before using it.
4. Keep your investments secure: Cryptocurrencies are stored in digital wallets, so it's crucial to keep your investments secure. Use strong passwords, enable two-factor authentication, and regularly back up your wallet.
5. Stay updated with market trends: Cryptocurrency markets can be volatile, so it's essential to stay updated with market trends and news. This will help you make informed decisions and avoid potential losses.
Conclusion
Investing in cryptocurrencies can be an exciting and rewarding experience, but it's important to approach it with caution and knowledge. By understanding the basics of cryptocurrencies, researching popular options, and following tips for new investors, you'll be well on your way to a successful cryptocurrency investment journey.
What to know before investing in crypto
Cryptocurrency, commonly known as crypto, has gained immense popularity in recent years due to its decentralized and secure nature. However, investing in crypto comes with its own set of risks and challenges. Here are some key things to consider before investing in crypto:
1. Understand the basics: Before diving into the world of crypto, it's essential to understand the fundamentals of blockchain technology, cryptocurrencies, and their differences. Research different types of cryptocurrencies, such as Bitcoin, Ethereum, and altcoins, and learn about their unique features, advantages, and disadvantages.
2. Set clear goals: Determine your investment goals and risk tolerance. Are you looking for short-term gains or long-term growth? Are you comfortable with high volatility or do you prefer more stable investments? Your goals will help you choose the right crypto assets and manage your expectations.
3. Diversify your portfolio: Cryptocurrency is a high-risk, high-reward investment. To minimize risk, it's crucial to diversify your portfolio by investing in a mix of cryptocurrencies and other assets. This can help you hedge against market volatility and protect your investments from significant losses.
4. Choose a reputable exchange: To invest in crypto, you'll need to use a cryptocurrency exchange. There are numerous exchanges available, ranging from reputable platforms to unregulated ones. Research and choose a reputable exchange that offers robust security features, competitive fees, and a user-friendly interface.
5. Understand the risks: Cryptocurrency investments come with inherent risks, including high volatility, market manipulation, and regulatory uncertainties. It's essential to understand these risks and be prepared for potential losses. Additionally, keep in mind that cryptocurrencies are not backed by any government or central bank, which means they can be highly volatile.
6. Stay informed: To make informed investment decisions, stay up-to-date with the latest news and trends in the crypto space. Follow reputable sources, participate in online communities, and attend crypto events to stay informed about market developments and changes in the industry.
7. Seek professional advice: Investing in crypto can be complex and involves significant risks. If you're new to crypto or unsure about how to invest, consider seeking advice from a financial advisor or crypto expert who can help you navigate the complexities of the crypto market.
In conclusion, investing in crypto can be a rewarding experience, but it's crucial to approach it with caution and a clear understanding of the risks involved. By doing your research, setting clear goals, diversifying your portfolio, and staying informed, you can make informed decisions and potentially reap the rewards of investing in crypto.
#StartInvestingInCrypto
1. Understand the basics: Before diving into the world of crypto, it's essential to understand the fundamentals of blockchain technology, cryptocurrencies, and their differences. Research different types of cryptocurrencies, such as Bitcoin, Ethereum, and altcoins, and learn about their unique features, advantages, and disadvantages.
2. Set clear goals: Determine your investment goals and risk tolerance. Are you looking for short-term gains or long-term growth? Are you comfortable with high volatility or do you prefer more stable investments? Your goals will help you choose the right crypto assets and manage your expectations.
3. Diversify your portfolio: Cryptocurrency is a high-risk, high-reward investment. To minimize risk, it's crucial to diversify your portfolio by investing in a mix of cryptocurrencies and other assets. This can help you hedge against market volatility and protect your investments from significant losses.
4. Choose a reputable exchange: To invest in crypto, you'll need to use a cryptocurrency exchange. There are numerous exchanges available, ranging from reputable platforms to unregulated ones. Research and choose a reputable exchange that offers robust security features, competitive fees, and a user-friendly interface.
5. Understand the risks: Cryptocurrency investments come with inherent risks, including high volatility, market manipulation, and regulatory uncertainties. It's essential to understand these risks and be prepared for potential losses. Additionally, keep in mind that cryptocurrencies are not backed by any government or central bank, which means they can be highly volatile.
6. Stay informed: To make informed investment decisions, stay up-to-date with the latest news and trends in the crypto space. Follow reputable sources, participate in online communities, and attend crypto events to stay informed about market developments and changes in the industry.
7. Seek professional advice: Investing in crypto can be complex and involves significant risks. If you're new to crypto or unsure about how to invest, consider seeking advice from a financial advisor or crypto expert who can help you navigate the complexities of the crypto market.
In conclusion, investing in crypto can be a rewarding experience, but it's crucial to approach it with caution and a clear understanding of the risks involved. By doing your research, setting clear goals, diversifying your portfolio, and staying informed, you can make informed decisions and potentially reap the rewards of investing in crypto.
#StartInvestingInCrypto
What is DYOR? How to Perform Effective DYOR?
DYOR stands for "Do Your Own Research." It is a phrase commonly used in the cryptocurrency and financial communities, encouraging individuals to thoroughly investigate and understand an investment opportunity before making a decision.
Performing effective DYOR involves the following steps:
1. Educate yourself: Start by learning the basics of the investment you're interested in. This could include understanding the underlying technology, reading about its history, and learning about its potential risks and rewards.
2. Gather information: Look for reliable sources of information about the investment, such as official websites, whitepapers, and articles from reputable news outlets or financial analysts. It's also a good idea to read reviews and forums where people discuss their experiences with the investment. Compare different sources: Don't rely on a single source of information. Instead, gather information from multiple sources to get a well-rounded understanding of the investment.
4. Consult with experts: If you have the opportunity, consult with financial advisors, analysts, or other experienced investors who have knowledge about the investment you're considering. They can provide valuable insights and help you make a more informed decision.
5. Stay up to date: Keep an eye on news and developments related to the investment. This will help you stay informed about any changes that could impact its value.
By following these steps, you can perform effective DYOR and make more informed decisions about your investments. Remember, it's always important to do your due diligence and thoroughly research any investment opportunity before making a decision.
#dyor
DYOR stands for "Do Your Own Research." It is a phrase commonly used in the cryptocurrency and financial communities, encouraging individuals to thoroughly investigate and understand an investment opportunity before making a decision.
Performing effective DYOR involves the following steps:
1. Educate yourself: Start by learning the basics of the investment you're interested in. This could include understanding the underlying technology, reading about its history, and learning about its potential risks and rewards.
2. Gather information: Look for reliable sources of information about the investment, such as official websites, whitepapers, and articles from reputable news outlets or financial analysts. It's also a good idea to read reviews and forums where people discuss their experiences with the investment. Compare different sources: Don't rely on a single source of information. Instead, gather information from multiple sources to get a well-rounded understanding of the investment.
4. Consult with experts: If you have the opportunity, consult with financial advisors, analysts, or other experienced investors who have knowledge about the investment you're considering. They can provide valuable insights and help you make a more informed decision.
5. Stay up to date: Keep an eye on news and developments related to the investment. This will help you stay informed about any changes that could impact its value.
By following these steps, you can perform effective DYOR and make more informed decisions about your investments. Remember, it's always important to do your due diligence and thoroughly research any investment opportunity before making a decision.
#dyor
An Investor Strikes Gold with Shiba Inu Memecoin
In a remarkable turn of events, an investor has become a millionaire by holding onto Shiba Inu ($SHIB ) for an astonishing 3 years. This incredible journey began when the investor purchased 48 billion SHIB tokens for a mere $2,700 in January 2021, using 2 ETH.
Fast forward to May 27, 2024, the investor decided to cash out, reaping a massive profit of $1.24 million – a staggering 47,592% increase from the initial investment. At the time of sale, the price of $SHIB was $0.000026 per token.
This remarkable success story is a testament to the unpredictable nature of memecoins. Unlike other cryptocurrencies, most memecoins like Shiba Inu are considered high-risk, high-reward investments, capable of turning ordinary investors into millionaires overnight.
The investor's wallet only made two transactions in its entire lifetime – one buy order 3.5 years ago and the recent sell order that netted the investor a sum of money. This extraordinary tale serves as a reminder that even the most unlikely investments can yield extraordinary results with patience and perseverance.
$SHIB
#Shibainuholder
In a remarkable turn of events, an investor has become a millionaire by holding onto Shiba Inu ($SHIB ) for an astonishing 3 years. This incredible journey began when the investor purchased 48 billion SHIB tokens for a mere $2,700 in January 2021, using 2 ETH.
Fast forward to May 27, 2024, the investor decided to cash out, reaping a massive profit of $1.24 million – a staggering 47,592% increase from the initial investment. At the time of sale, the price of $SHIB was $0.000026 per token.
This remarkable success story is a testament to the unpredictable nature of memecoins. Unlike other cryptocurrencies, most memecoins like Shiba Inu are considered high-risk, high-reward investments, capable of turning ordinary investors into millionaires overnight.
The investor's wallet only made two transactions in its entire lifetime – one buy order 3.5 years ago and the recent sell order that netted the investor a sum of money. This extraordinary tale serves as a reminder that even the most unlikely investments can yield extraordinary results with patience and perseverance.
$SHIB
#Shibainuholder
Purchasing Tokens from Decentralized Exchanges (DEXs) Across Different Blockchain Networks
1. Avalanche (AVAX) Chain:
a) Ensure your Trust Wallet or MetaMask is funded with AVAX tokens.
b) Navigate to the TraderJoe DEX website (traderjoexyz.com) within your wallet's browser.
c) Locate and copy the contract address of the token you wish to purchase.
d) Connect your wallet and paste the contract address of the desired token.
e) Approve the Avalanche network transaction and execute the swap. It's recommended to increase the slippage tolerance to around 5% to account for potential price fluctuations.
2. Solana (SOL) Chain:
a) Fund your Trust Wallet or MetaMask with Solana tokens from a centralized exchange (CEX).
b) Obtain the contract address of the token you want to buy.
c) Access the Raydium DEX (raydium.io) within your wallet's browser.
d) Connect your wallet and paste the contract address of the project.
e) Approve the transaction and complete the swap.
3. Binance Smart Chain (BSC):
a) Ensure your wallet is loaded with BNB (Binance Smart Chain) tokens.
b) Locate the contract address of the project you wish to purchase.
c) Visit the PancakeSwap DEX (pancakeswap.finance) within your wallet's browser.
d) Connect your wallet and paste the contract address of the desired token.
e) Adjust the slippage tolerance as needed, approve the transaction, and execute the swap.
4. Ethereum (ETH) Chain:
a) Fund your wallet with Ethereum (ETH) tokens on the ERC-20 network.
b) Obtain the contract address of the project you want to buy.
c) Search for Uniswap (uniswap.org) or 1inch (1inch.io) within your wallet's browser.
d) Connect your wallet and paste the contract address of the desired project.
e) Increase the slippage tolerance as needed and execute the swap.
5. Phantom (FTM) Chain:
a) Ensure your wallet is funded with Fantom (FTM) tokens.
b) Locate the contract address of the project you wish to purchase.
c) Visit the SpookySwap DEX (spookyswap.finance) within your wallet's browser.
d) Connect your wallet and approve the transaction.
e) Proceed to swap for the desired token.
Remember to have sufficient gas fees (typically $3-$15 worth) available on the respective chains to ensure smooth transactions.
Remember to exercise caution and conduct thorough research on the projects and tokens you intend to purchase, as the decentralized finance (DeFi) space can be volatile and risky.
a) Ensure your Trust Wallet or MetaMask is funded with AVAX tokens.
b) Navigate to the TraderJoe DEX website (traderjoexyz.com) within your wallet's browser.
c) Locate and copy the contract address of the token you wish to purchase.
d) Connect your wallet and paste the contract address of the desired token.
e) Approve the Avalanche network transaction and execute the swap. It's recommended to increase the slippage tolerance to around 5% to account for potential price fluctuations.
2. Solana (SOL) Chain:
a) Fund your Trust Wallet or MetaMask with Solana tokens from a centralized exchange (CEX).
b) Obtain the contract address of the token you want to buy.
c) Access the Raydium DEX (raydium.io) within your wallet's browser.
d) Connect your wallet and paste the contract address of the project.
e) Approve the transaction and complete the swap.
3. Binance Smart Chain (BSC):
a) Ensure your wallet is loaded with BNB (Binance Smart Chain) tokens.
b) Locate the contract address of the project you wish to purchase.
c) Visit the PancakeSwap DEX (pancakeswap.finance) within your wallet's browser.
d) Connect your wallet and paste the contract address of the desired token.
e) Adjust the slippage tolerance as needed, approve the transaction, and execute the swap.
4. Ethereum (ETH) Chain:
a) Fund your wallet with Ethereum (ETH) tokens on the ERC-20 network.
b) Obtain the contract address of the project you want to buy.
c) Search for Uniswap (uniswap.org) or 1inch (1inch.io) within your wallet's browser.
d) Connect your wallet and paste the contract address of the desired project.
e) Increase the slippage tolerance as needed and execute the swap.
5. Phantom (FTM) Chain:
a) Ensure your wallet is funded with Fantom (FTM) tokens.
b) Locate the contract address of the project you wish to purchase.
c) Visit the SpookySwap DEX (spookyswap.finance) within your wallet's browser.
d) Connect your wallet and approve the transaction.
e) Proceed to swap for the desired token.
Remember to have sufficient gas fees (typically $3-$15 worth) available on the respective chains to ensure smooth transactions.
Remember to exercise caution and conduct thorough research on the projects and tokens you intend to purchase, as the decentralized finance (DeFi) space can be volatile and risky.
U.S. Legislators Urge SEC to Approve Ethereum Spot ETFs
According to a report from Politico, U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to approve applications for spot-based Ethereum exchange-traded funds (ETFs). This request aims to promote regulatory clarity and support for Ethereum in the financial sector.
The details of this development are still unfolding, so please stay updated as more information becomes available.
#ETHETFsApproved
According to a report from Politico, U.S. lawmakers have called on the U.S. Securities and Exchange Commission (SEC) to approve applications for spot-based Ethereum exchange-traded funds (ETFs). This request aims to promote regulatory clarity and support for Ethereum in the financial sector.
The details of this development are still unfolding, so please stay updated as more information becomes available.
#ETHETFsApproved