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🚀 Get Ready for the BURNGMT Initiative A Game Changer in GMT's Ecosystem ! 🚀 The GMT team is on fire! 🔥 With an incredible $100 million repurchase of 600 million GMT tokens, they are taking bold steps to secure the future of the token and its community. How? By burning 600M GMT, including all early advisor, team, and investor allocations that were yet to be unlocked. Why is this so huge? Because this burn not only reduces the circulating supply but also strengthens the token'
Cake Coin did a nice breakout recently where we had left some imbalance zones.
We are keeping our attention on the recent re-test, which was a result of the bigger liquidation movement we had bringing the price back right after filling the FVG zone.
Although we believe the price will reach it's ATHs soon, on a smaller timeframe we might see some further moves to lower zones IF we do not manage to get back and recover the recent drop we had!
🔥 Market sentiment among retail and institutional investors has been mixed as Bitcoin approaches significant price milestones, similar to past surges like in 2017 and 2021.
Retail investors often react impulsively, while institutions adopt a more strategic approach. Holding offers long term potential, but risks volatility.
Trading capitalizes on short term moves but increases exposure to market fluctuations, while diversifying spreads risk but may dilute potential returns.
Bearish divergence is visible in the RSI at the daily timeframe that could result in some price cool-off . Currently the price is supported by a local trendline support and an intermediate horizontal support .
If this breaks , there could be a possibility of the weekly support of 0.00001603 getting tested and that will be a buying opportunity.
Solana is in an interesting spot where we are seeing some signs of bullish momentum to happen (where after each fakeout below 200EMA we had a decent amount of upward movement).
Now, in order for that move to happen, we need to fully secure our buying entry zone, which would then result in the bullish move.
Now as we fad formed the fakeout, we see currently some weakness to kick in near the zone of pressure, which might lead price back below the 200EMA (resulting in a break of structure and possible further movement to lower zones from there), so as always, we wait! $SOL
Ripple XRP Price Prediction: How High Can XRP Go ⁉️🚀🔥
XRP is a digital currency designed to revolutionize cross-border payments, offering speed, scalability, and cost efficiency unmatched by traditional financial systems. As the native token of the Ripple network, XRP acts as a bridge currency, enabling seamless transfers between different fiat currencies and financial institutions. Unlike many cryptocurrencies focused on decentralization, XRP targets practical use cases in global finance, partnering with banks and payment providers to address the
💥 Market sentiment within the community and key players reflects a mix of optimism and caution, driven by strong fundamental factors like robust economic data, technological advancements, or shifts in regulations.
The recent spike in markets is often tied to positive earnings reports, geopolitical stability, or innovation breakthroughs.
Historical patterns, such as bullish trends during low interest rate periods or following periods of monetary easing, can provide insight into potential future movements, especially when similar conditions re-emerge.
Chainlink has recently had a smaller dump, resulting in MSB, which is now being tested and is in it's final stage.
We are looking for an upper order block zone to be reached where also our short entry setup is!!
Now we all remember that current markets love to liquidate everyone and we are approaching the end of the yearly candles so we might see some further upward movements just to make the already overbought markets even more overbought!
So in that case, if we break that current resistance zone, we will be looking for a steep move to upper zones, but meanwhile, we vote for that downward movement!
💥🔥🚀 Binance, one of the world's largest cryptocurrency exchanges, often hosts major airdrops for various tokens. Airdrops are free distributions of tokens to users, typically in exchange for simple tasks like holding a specific cryptocurrency or participating in certain activities.
These events are great for users to earn free tokens and explore new projects, but it's essential to stay vigilant, as some airdrops may require specific conditions.
Keep an eye on Binance's announcements and airdrop pages for the latest opportunities.
We are looking for the doge coin to have a re-test of $0.48 zone where we want to see a possible rejection.
Recently, we had a good bounce from 200EMA in a 4-hour timeframe where the price is still showing bullish signs.
Our gameplan here is simple: we want to see a price to reach that upper zone, and after what we expect to see a rejection and a fill of CME on lower zones.
After that, we expect to see a break of high zones and form new highs as well! $DOGE
🥳 Earn $10,000 with BURNGMT – No Investment Needed! 🥳
💰 Here's your chance to grab free rewards through the innovative BURNGMT initiative
Running from November 21, 2024, to January 20, 2025, this event is creating waves in the crypto world ! 🚀
🔥 What is BURNGMT⁉️
The BURNGMT initiative lets GMT holders vote to burn 600 million tokens from reserves originally allocated to advisors, investors, and the team. These tokens were donated to the GMT DAO, giving the community a say in the project’s future. 💪
💎 Participants lock GMT tokens to vote and earn rewards from a 100M GMT pool during the lock-up period.
1️⃣ Deflationary Tokenomics :
Burning 600M tokens will shrink supply, potentially boosting GMT’s value. Fewer tokens = better circulation and stronger market confidence.
2️⃣ Community Empowerment ✊:
By letting the community vote, GMT DAO reinforces its commitment to decentralization and active participation.
3️⃣ Market Impact 💹:
With only 27% of tokens in circulation over six years, GMT could see restricted supply, historically linked to price growth. #BURNGMT
Ripple coin has a good change of downward movement to happen here considering the fact that we had way too unhealthy bullish movement since the beginning of November.
We are looking for MSB and a correction of 25%, which would give us a good chance to bounce and reach new ATHs! $XRP
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The GMT team is on fire‼! 🔥 With an incredible $100 million repurchase of 600 million GMT tokens, they are taking bold steps to secure the future of the token and its community.
How?
By burning 600M GMT, including all early advisor, team, and investor allocations that were yet to be unlocked .
💥 Why is this so huge?
Because this burn not only reduces the circulating supply but also strengthens the token's value, helping to set the stage for explosive growth! 📈
Why should YOU be part of this? It's simple! The BURNGMT Initiative gives you the chance to vote on which tokens should be burned, creating a powerful community driven decision making process. But that’s not all there’s a 100M GMT reward pool for participants and a 60 day lock period to ensure stability and sustainability. You hold the power to shape the future!
GMT Ecosystem & Partners: GMT isn't just a token; it’s the heart of an entire ecosystem, driving innovation with cutting edge products and partnerships. From DeFi platforms to NFT projects, GMT is integrating with top-tier brands to create an unparalleled experience.
Tokenomics & Burn Impact: With 600M GMT tokens being burned, the impact on token distribution is massive, decreasing supply and increasing scarcity. This means more potential for value increase! 🔥 As the burn progresses, the scarcity effect will push the price up, benefiting all holders.
How to Participate: It’s easy! Simply vote on the GMT burn mechanism, lock your votes for the next 60 days, and earn rewards in the process. This is your chance to be part of something monumental and take action in shaping the future of GMT!
Don’t miss out - join the BURNGMT Initiative today and be part of the revolution! 💥