$PEPE has been showing great movement in the past couple of days and this is amazing!
PEPE is currently only 30% down from it's ATH and I think this is very touchable once again. BTC has been stable in the past couple of days and PEPE's movement is masking that. The current uptrend on the chart is definitely helping and I personally think, PEPE will touch new heights if the volume holds up.
Here is some basic knowledge on the market cycle if you're interested to learn more about the market. This has helped me tremendously. Share with someone who needs to learn this👊
The market's a thrilling ride, not a steady climb. Imagine a rollercoaster! After a drop (accumulation), cautious investors see an opportunity and buy-in, keeping prices stable. Then comes the exciting climb (markup) fueled by optimism, where everyone jumps in. But like any party, it can't last (distribution). Savvy investors cash out, and warning signs appear. Don't get stuck at the top! Finally, the gut-wrenching drop (markdown) hits, punishing those who held on too long. Recognizing these cycles (accumulation, markup, distribution, markdown) is your ticket to smarter investing, but remember, the market can be unpredictable.
Been studying the charts of $NEAR now and this one has a lot of hidden potential to boom still IMO. The current price is nowhere near its all time high which indicates the good times this token has had.
I've been looking at daily and 4H charts. Yes, the overall market is down and the sentiment will take time to change I think but my call is, after the reverse in sentiment we will see good jump on the price action of this token.
Good support zones are around $5 and I'm hoping this price action will take us to at least $7-$8. And this is not the end imo, this could just be the starting movement for this token.
I'm keeping my eyes peeled for this token, will definitely come back to this soon and see where this token goes.
Here are few points from this partnership: - Sui partnered with Google Cloud to address challenges in Web3 including security, scalability, developer tools and user experiences. - Google Cloud integrated Sui blockchain data into BigQuery public datasets. - Google Cloud’s Vertex AI platform was used to train Sui on the Move programming language. - Sui’s zkLogin technology allows users to connect traditional Web2 applications to decentralized Web3 applications. - Google Cloud’s infrastructure is used to power the security and high transaction throughput of Sui’s network. - Google Cloud’s Web3 Startup Program offers resources to Sui developers.
The current liquidation of $SOL map is looking pretty interesting as $400M in on the line if the price hits $160. This price target is very pushable for the current price action. On the other hand, $4M will get liquidated if the price hits around $118. Point to be noted, the price action is in a lower trend and the trend needs to be broken in order to hit the upper $160 limit which could be the deciding factor here. I'm keeping a keen eye on the market.
My RENZO farming going smooth 👀 What about yours? Over 15B+ $BNB and $FDUSD staked to farm $REZ
A quick overview of this project: Renzo is a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. It is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.
The protocol abstracts all complexity from the end-user and enables easy collaboration between users and EigenLayer node operators.
New day, New LAUNCHPOOL 🔥 Binance Launchpool's 53rd project, the liquid Restaking protocol Renzo (REZ), allows users to mine by depositing BNB and FDUSD 🙌
🚨$BTC Crash is coming. Look at the liquidity chart Around $3 billion #Bitcoin liquidation squeeze is coming. If BTC Falls to 59k-60k it will liquidate around 1B dollar from the market, and if it touch 74k it will liquidate another 2B. I’m Thinking BTC will hit 59k before another BULL RUN. Note that, Market goes towards the Liquidity. 😅
Year 30 days before Day after 2012 $10.59 $12.45 2016 $577.07 $651.30 2020 $6852.50 $8800.73 2024 ? ?
The 2024 $BTC Halving: What to Expect
Bitcoin's upcoming halving, where the block reward drops to 3.125 bitcoins, is a major turning point. It will significantly impact miners, potentially making it harder to turn a profit and driving innovation in more efficient mining tech. Past halvings suggest a temporary adjustment period as miners adapt to the lower rewards. This could affect the network's overall processing power (hash rate) and security.
Traditionally, the hash rate dips after a halving as less profitable miners stop mining. However, it usually rebounds within weeks. This is because the halving strengthens Bitcoin's scarcity, potentially increasing its price and boosting profits for remaining miners. If, like in the past, the price increase outweighs the reward reduction, mining can stay profitable even with fewer coins per block. Miners who stay in the game benefit as others leave, increasing their market share. Additionally, the halving encourages miners to invest in more efficient equipment to stay competitive. So, the hash rate might see a temporary decline but eventually rise with increased efficiency in the long run.
This is why we previously recommended underweighting bitcoin miner investments in the six months before the halving. The market often anticipates the initial cost increase for miners, leading to a price drop. Miners often spend heavily during this period. After the halving, some miners might be forced to shut down, potentially causing a short-term decrease in the network's processing power.