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What is volatility?
Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.
In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.
It is important to always take this factor into account; however, you’ve probably already realized that =)
Simply put, volatility is the up-and-down “jumps” of an asset; it is a measure of how much the price of a cryptocurrency changes in a short period of time.
In cryptocurrencies, volatility is particularly high, which means sudden and frequent price changes. This can be both an opportunity for high profits and a risk of loss.
It is important to always take this factor into account; however, you’ve probably already realized that =)
Unicorn hunting
Based on the slang term “unicorn”, it’s easy to guess that “unicorn hunting” is the process of searching for a unicorn that has yet to reach a valuation worth $1 billion.
Of course, this is a risky strategy: You need to find a project that’s at an early stage, study it carefully, and only then invest. The project must offer something absolutely cool/innovative/necessary for the market and be able to realize it.
Therefore, you won’t be able to “catch the unicorn” without some serious analytical skills.
📈Crypto_Ocean
Based on the slang term “unicorn”, it’s easy to guess that “unicorn hunting” is the process of searching for a unicorn that has yet to reach a valuation worth $1 billion.
Of course, this is a risky strategy: You need to find a project that’s at an early stage, study it carefully, and only then invest. The project must offer something absolutely cool/innovative/necessary for the market and be able to realize it.
Therefore, you won’t be able to “catch the unicorn” without some serious analytical skills.
📈Crypto_Ocean
SHIB Whale Influx: Bullish Momentum Builds
The sudden influx of large-holder buying is a strong bullish indicator, and suggests that whales see value in SHIB and are positioning themselves for potential gains.But is this all hype, or is there substance behind the wag? While SHIB’s future remains uncertain, several factors are bolstering its case:Community Strength: SHIB boasts a passionate and vocal community, often credited with driving its price rallies through sheer enthusiasm and social media presence.Exchange Listings: The meme coin has secured listings on major exchanges like Kraken and Coinbase, increasing its accessibility and mainstream appeal.ShibaSwap Ecosystem: The SHIB team is actively developing its own decentralizedexchange (ShibaSwap) and other projects, potentially adding utility and long-term value.
What is copy trading?
It’s a trading strategy in which a user (a copy trader) copies or mimics the trades of a leading trader (lead trader).In other words, you can go to a special platform, choose a successful lead trader based on their rating, and repeat their trades.And many platforms allow you to automate this process.The pros and cons of copy trading are quite obvious.On the plus side, it’s easy to enter the world of trading, and there is no need to learn complex trading skills.On the downside, however, no trader is successful 100% of the time, and of course, there are no guarantees of profitability.
Simple tips to avoid crypto scams
Exercise caution with promises of big profits, double investments, or free money.
Check for communication errors.
Avoid transactions with unclear details.
Stay alert for contracts and manipulation tactics.
Question unusual endorsements from influencers.
Adopt vigilance and research before considering any investment.
Exercise caution with promises of big profits, double investments, or free money.
Check for communication errors.
Avoid transactions with unclear details.
Stay alert for contracts and manipulation tactics.
Question unusual endorsements from influencers.
Adopt vigilance and research before considering any investment.
Crypto fear and greed index rises
Meanwhile, the crypto fear and greed index tracked by CoinMarketCap, has jumped to the greed area of 66. It had remained at the neutral point of below 60 in the past three weeks as Bitcoin price and daily volume eased.
Meanwhile, the crypto fear and greed index tracked by CoinMarketCap, has jumped to the greed area of 66. It had remained at the neutral point of below 60 in the past three weeks as Bitcoin price and daily volume eased.
Top 3 Cryptocurrencies to Track in 2024
Bitcoin
First in line is Bitcoin (BTC), the leading cryptocurrency known for steering overall market trends. Bitcoin has already witnessed an impressive increase of over 170% year-to-date in 2023, and its upward trajectory continues into 2024. The ongoing momentum of Bitcoin, resilient even in the face of recent cryptocurrency market fluctuations, establishes a positive tone for the broader market sentiment. Additionally, analysts highlight upcoming factors that could potentially trigger a more substantial bullish trend for Bitcoin.
Ethereum
Advancing this storyline is Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Moreover, the smart contract platform has experienced a noteworthy 95% increase in value year-to-date, closely mirroring Bitcoin’s upward trend in recent months. With both Bitcoin and the broader cryptocurrency market preparing for the upcoming bullish phase, Ethereum appears well-situated to maintain its alignment with its primary counterpart.
Ripple
Completing the trio is Ripple’s XRP token. Ripple continues to onboard new financial institutions, capitalizing on its streamlined blockchain infrastructure for cross-border payments and global money transfers. The expanding practical use of XRP beyond mere speculative demand brings distinctive advantages. The enduring possibilities arising from the acceptance of Ripple’s offerings in traditional finance position XRP as a focal point of interest, paving the way for the potential next cryptocurrency boom.
While the inherent uncertainties associated with cryptocurrencies persist, the combined inclusion of Bitcoin, Ethereum, and XRP presents a diversified exposure to the anticipated upcoming growth phase in blockchain. Although predicting precise price targets remains challenging, the risk-reward ratio appears favorable for these top cryptocurrency selections as optimism reignites at the outset of 2024.
Bitcoin
First in line is Bitcoin (BTC), the leading cryptocurrency known for steering overall market trends. Bitcoin has already witnessed an impressive increase of over 170% year-to-date in 2023, and its upward trajectory continues into 2024. The ongoing momentum of Bitcoin, resilient even in the face of recent cryptocurrency market fluctuations, establishes a positive tone for the broader market sentiment. Additionally, analysts highlight upcoming factors that could potentially trigger a more substantial bullish trend for Bitcoin.
Ethereum
Advancing this storyline is Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Moreover, the smart contract platform has experienced a noteworthy 95% increase in value year-to-date, closely mirroring Bitcoin’s upward trend in recent months. With both Bitcoin and the broader cryptocurrency market preparing for the upcoming bullish phase, Ethereum appears well-situated to maintain its alignment with its primary counterpart.
Ripple
Completing the trio is Ripple’s XRP token. Ripple continues to onboard new financial institutions, capitalizing on its streamlined blockchain infrastructure for cross-border payments and global money transfers. The expanding practical use of XRP beyond mere speculative demand brings distinctive advantages. The enduring possibilities arising from the acceptance of Ripple’s offerings in traditional finance position XRP as a focal point of interest, paving the way for the potential next cryptocurrency boom.
While the inherent uncertainties associated with cryptocurrencies persist, the combined inclusion of Bitcoin, Ethereum, and XRP presents a diversified exposure to the anticipated upcoming growth phase in blockchain. Although predicting precise price targets remains challenging, the risk-reward ratio appears favorable for these top cryptocurrency selections as optimism reignites at the outset of 2024.
Crypto Chronicles: The Top 3 Cryptocurrencies to Keep Tabs On in 2024
The cryptocurrency landscape is buzzing with excitement due to the potential approval of spot exchange-traded funds (ETFs) for Bitcoin and Ethereum, capturing widespread attention. The anticipated regulatory approval is infusing a new wave of optimism into the digital assets realm, signaling the possibility of a further upswing in the ongoing bull market for digital assets.
Amid optimistic forecasts for 2024, investors are closely monitoring developments in the blockchain industry. Here, we highlight the three key cryptocurrencies to observe as we approach the anticipated surge in crypto growth in the coming year.
The cryptocurrency landscape is buzzing with excitement due to the potential approval of spot exchange-traded funds (ETFs) for Bitcoin and Ethereum, capturing widespread attention. The anticipated regulatory approval is infusing a new wave of optimism into the digital assets realm, signaling the possibility of a further upswing in the ongoing bull market for digital assets.
Amid optimistic forecasts for 2024, investors are closely monitoring developments in the blockchain industry. Here, we highlight the three key cryptocurrencies to observe as we approach the anticipated surge in crypto growth in the coming year.
This Trader Achieved 171x Returns on Solana (SOL) With Memecoins – Here’s How
An altcoin trader earned a 171x return on an investment of 1.23 Solana (SOL) in a memecoin Anita Max Wynn (WYNN). They had a 56% win rate from betting on 25 crypto assets with equal amounts of SOL as the Solana Foundation eyes Brazil for further growth.
An altcoin trader earned a 171x return on an investment of 1.23 Solana (SOL) in a memecoin Anita Max Wynn (WYNN). They had a 56% win rate from betting on 25 crypto assets with equal amounts of SOL as the Solana Foundation eyes Brazil for further growth.
Crypto Speak: Listing
“Listing” (in both the cryptocurrency and securities worlds) is the process of an asset (such as a coin or stock) “appearing” on an exchange.
If you read the phrase “Binance has listed the DOGE cryptocurrency,” it means that you can now buy and sell DOGE on Binance, whereas before the listing, you couldn’t trade the coin on that exchange simply because Binance didnt support it.
“Listing” (in both the cryptocurrency and securities worlds) is the process of an asset (such as a coin or stock) “appearing” on an exchange.
If you read the phrase “Binance has listed the DOGE cryptocurrency,” it means that you can now buy and sell DOGE on Binance, whereas before the listing, you couldn’t trade the coin on that exchange simply because Binance didnt support it.
Server Outage at Bybit and Binance During Market Correction 💥📉
Bybit and Binance servers temporarily experienced outages. 🚨
Over the past 1.5 hours, there have been massive liquidations. Currently, approximately 500 million trades in long positions have been liquidated. 💸
A total of 168,798 traders were liquidated, with the overall liquidations (both shorts and longs) amounting to a staggering 605 million USD. 💰 The largest single liquidation order occurred on Huobi with a BTC-USDT value of 14.26 million USD. 📊
The total cryptocurrency market capitalization has plummeted by 8%. Bitcoin, the leading currency in the crypto market, underwent a dramatic correction, dropping 9.1% from 45,200 USD to just about 41,000 USD within only 1.5 hours. 🔻🔍
Bybit and Binance servers temporarily experienced outages. 🚨
Over the past 1.5 hours, there have been massive liquidations. Currently, approximately 500 million trades in long positions have been liquidated. 💸
A total of 168,798 traders were liquidated, with the overall liquidations (both shorts and longs) amounting to a staggering 605 million USD. 💰 The largest single liquidation order occurred on Huobi with a BTC-USDT value of 14.26 million USD. 📊
The total cryptocurrency market capitalization has plummeted by 8%. Bitcoin, the leading currency in the crypto market, underwent a dramatic correction, dropping 9.1% from 45,200 USD to just about 41,000 USD within only 1.5 hours. 🔻🔍
BTC UPDATE
The overall bullish vector remains actual. The dump was harsh in terms of liquidations, but in face it didn’t ruin any structure:
We still have an ascending trend line, the upward movement was not engulfed and $40,000 support is still as strong as it was.
The main resistance is $44,500 for now. We must go upward from here with the target at $48,000
The overall bullish vector remains actual. The dump was harsh in terms of liquidations, but in face it didn’t ruin any structure:
We still have an ascending trend line, the upward movement was not engulfed and $40,000 support is still as strong as it was.
The main resistance is $44,500 for now. We must go upward from here with the target at $48,000
#LIQUIDATIONS
➖➖➖➖➖
🆘🆘🆘 In the past 4 hours, the total liquidations hits $540 million.
➖➖➖➖➖
➖➖➖➖➖
🆘🆘🆘 In the past 4 hours, the total liquidations hits $540 million.
➖➖➖➖➖
BIG BREAKING 🚨
Grayscale files registration of securities with SEC for its spot bitcoinETF.
#BitcoinETFs!
Grayscale files registration of securities with SEC for its spot bitcoinETF.
#BitcoinETFs!
Do you know about “Faucet”
In the cryptocurrency world, a “faucet” is a website or app that gives away small amounts of cryptocurrency for free, usually in exchange for completing simple tasks such as watching ads, completing captchas, or participating in games. The goal of a faucet is to introduce new users to cryptocurrency by giving them a small amount to experiment with.
But be careful: Some faucets can be fraudulent and used to collect personal data.
In the cryptocurrency world, a “faucet” is a website or app that gives away small amounts of cryptocurrency for free, usually in exchange for completing simple tasks such as watching ads, completing captchas, or participating in games. The goal of a faucet is to introduce new users to cryptocurrency by giving them a small amount to experiment with.
But be careful: Some faucets can be fraudulent and used to collect personal data.
Robert Kiyosaki endorses Bitcoin halving 2024
Prominent financial guru and author of popular book “Rich Dad Poor Dad” highlighted the approaching Bitcoin halving in April as an important event, urging his X followers to pay attention to it. Kiyosaki has been a vocal Bitcoin supporter and investor over the past three years. Apart from Bitcoin, he is also invested in gold and silver, predicting that all these three risk assets are likely to jump in prices within the next few years. He believes Bitcoin will likely reach $130,000 and then even $500,000 by 2025. He continues to buy Bitcoin, physical gold and silver on the dip, believing that even if the U.S. economy collapses in the future, these three assets will be of great value.
Prominent financial guru and author of popular book “Rich Dad Poor Dad” highlighted the approaching Bitcoin halving in April as an important event, urging his X followers to pay attention to it. Kiyosaki has been a vocal Bitcoin supporter and investor over the past three years. Apart from Bitcoin, he is also invested in gold and silver, predicting that all these three risk assets are likely to jump in prices within the next few years. He believes Bitcoin will likely reach $130,000 and then even $500,000 by 2025. He continues to buy Bitcoin, physical gold and silver on the dip, believing that even if the U.S. economy collapses in the future, these three assets will be of great value.
Trader sells BTC before price crash
$BTC
The fiat equivalent of that Bitcoin chunk was a whopping $140 million. The data source also stated the trader had withdrawn that BTC from Huobi exchange in early October last year, when the price tag was $20,000. The trader has sold after digital gold made a cumulative 2x increase, making impressive profit of approximately $78 million on it, which is equal to 126%, according to @lookochain (twitter) By now, BTC has recovered 2.55% from its yesterday’s 7% collapse. Bitcoin crashed after Matrixport issued an article in which it assumed that the SEC is unlikely to approve any of the dozen Bitcoin spot ETF applications submitted to it by Wall Street giants BlackRock, Grayscale, Fidelity and others. The report named various reasons for it, including internal U.S. political things and geopolitical ones.
$BTC
The fiat equivalent of that Bitcoin chunk was a whopping $140 million. The data source also stated the trader had withdrawn that BTC from Huobi exchange in early October last year, when the price tag was $20,000. The trader has sold after digital gold made a cumulative 2x increase, making impressive profit of approximately $78 million on it, which is equal to 126%, according to @lookochain (twitter) By now, BTC has recovered 2.55% from its yesterday’s 7% collapse. Bitcoin crashed after Matrixport issued an article in which it assumed that the SEC is unlikely to approve any of the dozen Bitcoin spot ETF applications submitted to it by Wall Street giants BlackRock, Grayscale, Fidelity and others. The report named various reasons for it, including internal U.S. political things and geopolitical ones.
Bitcoin Whale Makes 126% Profit Selling BTC Before Market Crash
$BTC
Bitcoin trader managed to make almost $80 million on Bitcoin before price collapsed
According to recent data published by the blockchain sleuth @lookonchain, a cryptocurrency trader transferred a large amount of Bitcoin to Binance and sold it before the price of the flagship cryptocurrency plummeted.
$BTC
Bitcoin trader managed to make almost $80 million on Bitcoin before price collapsed
According to recent data published by the blockchain sleuth @lookonchain, a cryptocurrency trader transferred a large amount of Bitcoin to Binance and sold it before the price of the flagship cryptocurrency plummeted.
XRP Price Recovers With $3.5 Billion Boost Amid 220% Volume Surge
In the past 24 hours, the crypto market experienced a significant liquidation of positions, surpassing $700 million, marking the largest event of its kind in several months. Amid this market turmoil, XRP, a well-established cryptocurrency, stood out by showcasing a remarkable resurgence in both trading activity and price recovery
According to CoinMarketCap data, XRP observed a noteworthy surge in trading volume, reaching $3.5 billion, signifying a substantial 220% increase from the previous day. This surge in trading volume has not been witnessed since mid-November.
In the past 24 hours, the crypto market experienced a significant liquidation of positions, surpassing $700 million, marking the largest event of its kind in several months. Amid this market turmoil, XRP, a well-established cryptocurrency, stood out by showcasing a remarkable resurgence in both trading activity and price recovery
According to CoinMarketCap data, XRP observed a noteworthy surge in trading volume, reaching $3.5 billion, signifying a substantial 220% increase from the previous day. This surge in trading volume has not been witnessed since mid-November.
New Crypto Tax Duty Demands Vigilance from US Citizens
If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.”
If you receive $10k or more in crypto you now have an obligation to report the transaction (including names, addresses, SS numbers, etc.) to the IRS within 15 days under threat of a felony charge.”
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