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💥@Richard Teng , CEO of Binance makes a prediction on the next price of Bitcoin
💥Richard Teng, the Chief Executive Officer of the cryptocurrency exchange Binance, forecasts that Bitcoin will have a prosperous future and that the price of Bitcoin will approach or perhaps surpass the $80,000 level.
💥The United States government's decision earlier this year to authorize the formation of a Bitcoin exchange-traded fund (ETF) stimulated interest among institutional investors and resulted in the influx of fresh funds. Teng made this statement when he was speaking at an event in Bangkok: "We are just getting started."
💥In a previous prediction, Teng anticipated that Bitcoin would end the year at around $80,000. Despite this, he is now of the opinion that it will be higher than this amount since the supply is diminishing while demand is still high. This prognosis was Teng's own view, and he cautioned that the rally would not be a straight line. Teng underlined that this forecast was his personal opinion. He went on to say that the market would profit from both the highs and the lows.
💥Since the launch of exchange-traded funds (ETFs) for spot Bitcoin in the United States in January, there has been a steady stream of investment. Teng is anticipating that more foundations and family offices would raise their allocations to Bitcoin exchange-traded funds (ETFs) in the medium to short term.
#HotTrends #BTC #Binance
💥Richard Teng, the Chief Executive Officer of the cryptocurrency exchange Binance, forecasts that Bitcoin will have a prosperous future and that the price of Bitcoin will approach or perhaps surpass the $80,000 level.
💥The United States government's decision earlier this year to authorize the formation of a Bitcoin exchange-traded fund (ETF) stimulated interest among institutional investors and resulted in the influx of fresh funds. Teng made this statement when he was speaking at an event in Bangkok: "We are just getting started."
💥In a previous prediction, Teng anticipated that Bitcoin would end the year at around $80,000. Despite this, he is now of the opinion that it will be higher than this amount since the supply is diminishing while demand is still high. This prognosis was Teng's own view, and he cautioned that the rally would not be a straight line. Teng underlined that this forecast was his personal opinion. He went on to say that the market would profit from both the highs and the lows.
💥Since the launch of exchange-traded funds (ETFs) for spot Bitcoin in the United States in January, there has been a steady stream of investment. Teng is anticipating that more foundations and family offices would raise their allocations to Bitcoin exchange-traded funds (ETFs) in the medium to short term.
#HotTrends #BTC #Binance
#MarketSentimentToday
#Binance Leads 2024 Q1 with 6.3 Million App Downloads
🔶Binance stands apart in the ever-changing cryptocurrency industry. As the first quarter of 2024 ends, Binance has dominated the crypto race. Binance is leading the market with 6.3 million app downloads.
🔶Unmatched crypto growth🔶
Binance's first-quarter app downloads show growing interest and confidence in Binance as the global crypto transaction platform. This remarkable figure shows Binance's worldwide dominance. Binance has over six million downloads, proving it's the top option for traders of all levels.
🔶Why Binance?🔶
What makes Binance unique in the turbulent and competitive crypto market? User-friendly interfaces, strong security, and new features keep people coming back. Binance has seized on the worldwide crypto boom by delivering an app that anticipates user wants.
🔶Every Cryptophile Needs It🔶
Binance's app is a versatile tool for traders, investors, and crypto enthusiasts. It's a doorway to understanding and engaging in digital currencies' financial transformation, not just trading.
🔶Innovation and security at the forefront🔶
Binance drives crypto, not simply rides it. The app's cutting-edge security lets consumers shop with confidence. Binance continually innovates, adding new, more efficient, and safer methods to trade digital assets.
🔶Future Looks Bright🔶
As Binance celebrates this milestone, the future looks bright. Binance is well-positioned to capitalize on the crypto mania and maintain its leadership. The massive downloads are an indication that the world is ready to accept cryptocurrency and a success for Binance.
#bitcoinhalving #Megadrop #BullorBear
#Binance Leads 2024 Q1 with 6.3 Million App Downloads
🔶Binance stands apart in the ever-changing cryptocurrency industry. As the first quarter of 2024 ends, Binance has dominated the crypto race. Binance is leading the market with 6.3 million app downloads.
🔶Unmatched crypto growth🔶
Binance's first-quarter app downloads show growing interest and confidence in Binance as the global crypto transaction platform. This remarkable figure shows Binance's worldwide dominance. Binance has over six million downloads, proving it's the top option for traders of all levels.
🔶Why Binance?🔶
What makes Binance unique in the turbulent and competitive crypto market? User-friendly interfaces, strong security, and new features keep people coming back. Binance has seized on the worldwide crypto boom by delivering an app that anticipates user wants.
🔶Every Cryptophile Needs It🔶
Binance's app is a versatile tool for traders, investors, and crypto enthusiasts. It's a doorway to understanding and engaging in digital currencies' financial transformation, not just trading.
🔶Innovation and security at the forefront🔶
Binance drives crypto, not simply rides it. The app's cutting-edge security lets consumers shop with confidence. Binance continually innovates, adding new, more efficient, and safer methods to trade digital assets.
🔶Future Looks Bright🔶
As Binance celebrates this milestone, the future looks bright. Binance is well-positioned to capitalize on the crypto mania and maintain its leadership. The massive downloads are an indication that the world is ready to accept cryptocurrency and a success for Binance.
#bitcoinhalving #Megadrop #BullorBear
#Binance Selects Bitcoin Restaking Chain As Its Initial Project On Its New "Megadrop" Token Launch Platform
One of Binance's latest "megadrop" token launch platforms is BounceBit (BB), a Bitcoin (BTC) "restaking" chain.
The biggest cryptocurrency exchange in the world by trading volume has now announced a new platform called Binance Megadrop. This platform will allow investors to access assets that are not yet listed on the market, and it connects with Binance Simple Earn and Binance's Web3 Wallet.
Additionally, according to Binance, the Megadrop will showcase BounceBit's native asset in addition to Web3 missions that provide prizes.
"Binance Megadrop is here to shake things up! It's a new token launch platform that includes airdrops and Web3 quests. Before your tokens are listed on the Binance Exchange, users can subscribe BNB to locked products and complete tasks in their Web3 Wallet to get early access to rewards from selected Web3 projects."
Bitcoin holders may receive income from a variety of sources using BounceBit's architecture, which is based on both centralized and decentralized finance.
BounceBit's strategy is predicated on the premise that enhancing Bitcoin should primarily include using assets in a way that does not modify the Bitcoin blockchain.
Effectively combining the capabilities of centralized finance (CeFi) and decentralized finance (DeFi), BounceBit provides access to financing rate arbitrage and creates on-chain certificates for re-staking and mining.
The native asset of the project may be staked, used as a gas charge payer and governance token, distributed as a validation incentive, and stored or exchanged for other assets.
According to Binance, the token will have a maximum supply of 2.1 billion, with only 168 million (or 8% of that total) designated for the Megadrop.
#Megadrop #BullorBear #bitcoinhalving
One of Binance's latest "megadrop" token launch platforms is BounceBit (BB), a Bitcoin (BTC) "restaking" chain.
The biggest cryptocurrency exchange in the world by trading volume has now announced a new platform called Binance Megadrop. This platform will allow investors to access assets that are not yet listed on the market, and it connects with Binance Simple Earn and Binance's Web3 Wallet.
Additionally, according to Binance, the Megadrop will showcase BounceBit's native asset in addition to Web3 missions that provide prizes.
"Binance Megadrop is here to shake things up! It's a new token launch platform that includes airdrops and Web3 quests. Before your tokens are listed on the Binance Exchange, users can subscribe BNB to locked products and complete tasks in their Web3 Wallet to get early access to rewards from selected Web3 projects."
Bitcoin holders may receive income from a variety of sources using BounceBit's architecture, which is based on both centralized and decentralized finance.
BounceBit's strategy is predicated on the premise that enhancing Bitcoin should primarily include using assets in a way that does not modify the Bitcoin blockchain.
Effectively combining the capabilities of centralized finance (CeFi) and decentralized finance (DeFi), BounceBit provides access to financing rate arbitrage and creates on-chain certificates for re-staking and mining.
The native asset of the project may be staked, used as a gas charge payer and governance token, distributed as a validation incentive, and stored or exchanged for other assets.
According to Binance, the token will have a maximum supply of 2.1 billion, with only 168 million (or 8% of that total) designated for the Megadrop.
#Megadrop #BullorBear #bitcoinhalving
#MarketSentimentToday
The Top 3 Meme Coins to Purchase Prior to Doge Day: Penetration of the Meme Coin Market
The Meme Coin Titans Include the Shiba Inu (SHIB)
Inspired by Dogecoin, Shiba Inu $SHIB has become one of the most popular meme currencies in the cryptocurrency world.
The Shiba Inu price increased from $0.000011 to $0.000023 in only the last year. From $6.82B to $13.67B, that's the increase in its market cap. There are positive indicators in the meme coin's technical analysis as well.
Therefore, specialists have forecasted a positive price movement for Shiba Inus. Their prediction is that it will hit $0.000033 in the second quarter of 2024. With this price forecast in mind, Shiba Inu is one meme coin to keep an eye on leading up to Doge Day.
RichQUACK (QUACK) Could Be a Meme Coin That Goes Boom Soon
Traders have been drawn to RichQUACK (QUACK), one of the best meme currencies that have emerged lately, due to its intriguing approach. With 340,000 active users on X (Twitter) and more than 146,321 token holders.
The QUACK token, RichQUACK's most distinctive feature, is that it is a meme currency with practical uses. On top of that, helping others is KangaMoon's number one priority.The price of a single QUACK token has increased by 100% from the beginning of 2024, and it is now merely $0.000000001175.
One Meme Coin Riding the Bullish Wave: Dogwifhat (WIF)
Finally, we can't leave out Dogwifhat (WIF), a meme currency that's getting a lot of attention right now. $WIF supporters are anticipating Doge Day with great anticipation, thinking that this may be the day it really shines. Dogwifhat, to rephrase, is a meme currency that any portfolio would be remiss to not have.
The market capitalization of Dogwifhat jumped from $100 million to $2.86 billion in only the last year, while the price of the cryptocurrency rose from $0.17 to $2.87. Looking at the data from a technical analysis standpoint, Dogwifhat crypto might keep going up in value.
#SHIB #WIF #RichQUACK🐤 #Memecoins
The Top 3 Meme Coins to Purchase Prior to Doge Day: Penetration of the Meme Coin Market
The Meme Coin Titans Include the Shiba Inu (SHIB)
Inspired by Dogecoin, Shiba Inu $SHIB has become one of the most popular meme currencies in the cryptocurrency world.
The Shiba Inu price increased from $0.000011 to $0.000023 in only the last year. From $6.82B to $13.67B, that's the increase in its market cap. There are positive indicators in the meme coin's technical analysis as well.
Therefore, specialists have forecasted a positive price movement for Shiba Inus. Their prediction is that it will hit $0.000033 in the second quarter of 2024. With this price forecast in mind, Shiba Inu is one meme coin to keep an eye on leading up to Doge Day.
RichQUACK (QUACK) Could Be a Meme Coin That Goes Boom Soon
Traders have been drawn to RichQUACK (QUACK), one of the best meme currencies that have emerged lately, due to its intriguing approach. With 340,000 active users on X (Twitter) and more than 146,321 token holders.
The QUACK token, RichQUACK's most distinctive feature, is that it is a meme currency with practical uses. On top of that, helping others is KangaMoon's number one priority.The price of a single QUACK token has increased by 100% from the beginning of 2024, and it is now merely $0.000000001175.
One Meme Coin Riding the Bullish Wave: Dogwifhat (WIF)
Finally, we can't leave out Dogwifhat (WIF), a meme currency that's getting a lot of attention right now. $WIF supporters are anticipating Doge Day with great anticipation, thinking that this may be the day it really shines. Dogwifhat, to rephrase, is a meme currency that any portfolio would be remiss to not have.
The market capitalization of Dogwifhat jumped from $100 million to $2.86 billion in only the last year, while the price of the cryptocurrency rose from $0.17 to $2.87. Looking at the data from a technical analysis standpoint, Dogwifhat crypto might keep going up in value.
#SHIB #WIF #RichQUACK🐤 #Memecoins
@CZ says ;
👉btw, we moved the goal post a little bit again since a few weeks ago. We are starting at a much earlier age now, 2-3 year olds.
👉Start at the beginning, instead of somewhere in the "middle", and hopefully keep growing with our community, for 18 (or more) years...
👉Initially, our dev capacity may lag behind a bit, but we intend to catch up once we get to the scaling phase.
#GiggleAcademy
👉btw, we moved the goal post a little bit again since a few weeks ago. We are starting at a much earlier age now, 2-3 year olds.
👉Start at the beginning, instead of somewhere in the "middle", and hopefully keep growing with our community, for 18 (or more) years...
👉Initially, our dev capacity may lag behind a bit, but we intend to catch up once we get to the scaling phase.
#GiggleAcademy
#MarketSentimentToday
When 💰XRP💰 price dropped by this amount in 2020, during the halving year, it surged by around 850% to an all-time high of $1.9669
Because the Ripple ecosystem was in litigation with the US Securities and Exchange Commission (SEC), the price of Ripple (XRP) remained rangebound for some time. The payment token has reportedly been unable to break through critical resistance levels and has been stuck below $0.50.
The monthly ripple price Although XRP holders have been in a state of chaos due to the Ripple price for quite some time, a major shift could be on the horizon as the Bollinger Bands exhibit the tightest contraction ever. The preceding year of Bitcoin's halving was 2020. Above the Bollinger indicator's midline (20-period SMA), the price of XRP is maintaining its position.
Squeezing or contracting the bands is the fundamental idea behind the Bollinger Bands indicator, which analyzes the price volatility of an asset. Squeezing signifies a time of little volatility. The indicator's fundamental principles are:
Traders may use range-bound tactics when Bollinger Bands are narrow. This means they will purchase near the lower band and sell near the higher band, hoping that the price will stay within the range.
Narrow Bollinger Bands may indicate a possible reversal in the present trend or consolidation before the trend restarts, which is important information for trend-following traders. When the Bollinger Bands are quite narrow, traders should proceed with caution and wait for confirmation signs before making any transactions.
Nevertheless, it is crucial to acknowledge that volatility does not support a flattening trend, even when the RSI, AO, and MACD indicators suggest low velocity. That is just not how it works.
Although a big rise is on the horizon, this research does not support XRP achieving triple- or even double-digit increases similar to May 2020.
#XRP $XRP #Ripple #bitcoinhalving
When 💰XRP💰 price dropped by this amount in 2020, during the halving year, it surged by around 850% to an all-time high of $1.9669
Because the Ripple ecosystem was in litigation with the US Securities and Exchange Commission (SEC), the price of Ripple (XRP) remained rangebound for some time. The payment token has reportedly been unable to break through critical resistance levels and has been stuck below $0.50.
The monthly ripple price Although XRP holders have been in a state of chaos due to the Ripple price for quite some time, a major shift could be on the horizon as the Bollinger Bands exhibit the tightest contraction ever. The preceding year of Bitcoin's halving was 2020. Above the Bollinger indicator's midline (20-period SMA), the price of XRP is maintaining its position.
Squeezing or contracting the bands is the fundamental idea behind the Bollinger Bands indicator, which analyzes the price volatility of an asset. Squeezing signifies a time of little volatility. The indicator's fundamental principles are:
Traders may use range-bound tactics when Bollinger Bands are narrow. This means they will purchase near the lower band and sell near the higher band, hoping that the price will stay within the range.
Narrow Bollinger Bands may indicate a possible reversal in the present trend or consolidation before the trend restarts, which is important information for trend-following traders. When the Bollinger Bands are quite narrow, traders should proceed with caution and wait for confirmation signs before making any transactions.
Nevertheless, it is crucial to acknowledge that volatility does not support a flattening trend, even when the RSI, AO, and MACD indicators suggest low velocity. That is just not how it works.
Although a big rise is on the horizon, this research does not support XRP achieving triple- or even double-digit increases similar to May 2020.
#XRP $XRP #Ripple #bitcoinhalving
nuco.cloud is Undergoing a Rebranding in Order to Become the Leader in Cloud Computing on a Global
nuco.cloud, a major pioneer in cloud computing solutions, has announced a comprehensive rebranding and an ambitious product roadmap, further strengthening its trajectory to become a leader in the worldwide cloud computing industry.
This adjustment in strategic thinking is a significant step forward for the organization in terms of achieving widespread expansion and expanding its market impact. "Our new brand identity symbolizes our evolution and relentless determination to empower future technologies by harnessing the world's untapped computing power," according to Mike Storm, chief operating officer of nuco.cloud. "This rebranding signals our intent to propel nuco.cloud to the forefront, aligning our mission of making innovation more accessible and sustainable globally."
A stunning new logo and a completely redesigned website that exemplifies nuco.cloud's contemporary and forward-thinking approach to cloud computing are at the heart of this revolutionary endeavor. In preparation for fast development, the firm has undergone a graphic redesign to guarantee that its brand will connect powerfully with consumers.
Nuco.cloud will unveil nuco.cloud PRO, a strong enterprise-grade solution that is meant to attract and service major enterprises who are looking for robust and scalable cloud capabilities. This launch will work in conjunction with the rebranding announcement. It is possible for nuco.cloud to produce what ought to be a strong influence on the market thanks to the smart mix of innovative product offerings and compelling branding for the company.
If we look to the future, we can see that nuco.cloud is planning to develop nuco.cloud SKYNET, which will be a disruptive "Cloud Aggregator of Cloud Aggregators." nuco.cloud SKYNET has the potential to become the ultimate gateway to a global network of decentralized computing power, which will unleash possibilities that are unequaled. This will be accomplished by striving to integrate cloud providers and data centers all over the globe in a seamless manner.
"Our goal is crystal clear – to solidify our position as a leader within the global cloud computing sector," said Mike Storm, company's chief operating officer. "This comprehensive rebranding and ambitious product roadmap represent the critical next steps of our unwavering journey towards that goal."
nuco.cloud is poised to revolutionize the cloud computing world with its newly refined brand identity, substantial business services, and breakthrough cloud aggregation technology that is on the horizon. With the beginning of this revolutionary new period, the future of the firm seems to be more promising than it has ever been.
The nuco.cloud website
nuco.cloud is a pioneering platform in the field of decentralized cloud computing. It makes use of blockchain technology to provide computing resources that are scalable, secure, and cost-effective. nuco.cloud offers a sustainable and creative alternative to typical cloud services by exploiting the underused capacity of devices and data centers all around the globe. This alternative places an emphasis on community, innovation, and environmental responsibility.
Cloud computing is being revolutionized by nuco.cloud, which was recently praised by the go-inno program of the Federal Ministry for Economic Affairs and Climate Protection (BMWK) for its innovative approach. nuco.cloud is at the vanguard of this transformation. As a result of nuco.cloud's unwavering dedication to the standards for innovation management established by ISO 56002:2021, the company is well positioned to make future-oriented products and projects successful in the cloud computing industry.
#nucocloud #NCDT #ai #crypto2024
This adjustment in strategic thinking is a significant step forward for the organization in terms of achieving widespread expansion and expanding its market impact. "Our new brand identity symbolizes our evolution and relentless determination to empower future technologies by harnessing the world's untapped computing power," according to Mike Storm, chief operating officer of nuco.cloud. "This rebranding signals our intent to propel nuco.cloud to the forefront, aligning our mission of making innovation more accessible and sustainable globally."
A stunning new logo and a completely redesigned website that exemplifies nuco.cloud's contemporary and forward-thinking approach to cloud computing are at the heart of this revolutionary endeavor. In preparation for fast development, the firm has undergone a graphic redesign to guarantee that its brand will connect powerfully with consumers.
Nuco.cloud will unveil nuco.cloud PRO, a strong enterprise-grade solution that is meant to attract and service major enterprises who are looking for robust and scalable cloud capabilities. This launch will work in conjunction with the rebranding announcement. It is possible for nuco.cloud to produce what ought to be a strong influence on the market thanks to the smart mix of innovative product offerings and compelling branding for the company.
If we look to the future, we can see that nuco.cloud is planning to develop nuco.cloud SKYNET, which will be a disruptive "Cloud Aggregator of Cloud Aggregators." nuco.cloud SKYNET has the potential to become the ultimate gateway to a global network of decentralized computing power, which will unleash possibilities that are unequaled. This will be accomplished by striving to integrate cloud providers and data centers all over the globe in a seamless manner.
"Our goal is crystal clear – to solidify our position as a leader within the global cloud computing sector," said Mike Storm, company's chief operating officer. "This comprehensive rebranding and ambitious product roadmap represent the critical next steps of our unwavering journey towards that goal."
nuco.cloud is poised to revolutionize the cloud computing world with its newly refined brand identity, substantial business services, and breakthrough cloud aggregation technology that is on the horizon. With the beginning of this revolutionary new period, the future of the firm seems to be more promising than it has ever been.
The nuco.cloud website
nuco.cloud is a pioneering platform in the field of decentralized cloud computing. It makes use of blockchain technology to provide computing resources that are scalable, secure, and cost-effective. nuco.cloud offers a sustainable and creative alternative to typical cloud services by exploiting the underused capacity of devices and data centers all around the globe. This alternative places an emphasis on community, innovation, and environmental responsibility.
Cloud computing is being revolutionized by nuco.cloud, which was recently praised by the go-inno program of the Federal Ministry for Economic Affairs and Climate Protection (BMWK) for its innovative approach. nuco.cloud is at the vanguard of this transformation. As a result of nuco.cloud's unwavering dedication to the standards for innovation management established by ISO 56002:2021, the company is well positioned to make future-oriented products and projects successful in the cloud computing industry.
#nucocloud #NCDT #ai #crypto2024
#MarketSentimentToday
Expectations for Solana Price as $6.5 Billion Trading Volume Pushes SOL Over $140
Solana exemplifies strong market performance with a price rise to $151.34 and a substantial 24-hour trading volume of $2.97 billion.
With a 5% gain in the last day, Solana's market size is now at over $67.62 billion, making it the sixth biggest by market cap.
Solana price forecasts are becoming more and more hopeful as market observers attentively track these occurrences. Let's take a look at Solana's technical outlook.
Estimate of Solana's Value
At $147.20, Solana has a pivot point; at $164.56, there is immediate resistance; and at $185.94 and $204.26, there are more barriers.
If the current trend persists, breaking these hurdles might signal a more robust bullish move for Solana.
The levels of assistance, on the other hand, are $126.23, $110.96 and $92.64. If negative pressures do materialize, these levels might serve as important support and resistance levels.
Solana is approaching oversold circumstances, which might lead to buying activity if the price drops further, according to the Relative Strength Index (RSI), which is now at 39.
Estimate of Solana's Value
Estimate of Solana's Value
Another possible obstacle might be the $156.28 50-Day Exponential Moving Average (EMA).
Given how close the exponential moving average is to the current price, it seems that Solana is approaching important technical levels.
Finally, although Solana's current price action is positive above the $147.20 pivot, a decline below this level would set off a more severe sell-off.
The market might continue to rise if these levels break, but if they don't, Solana could go back to lower support zones, so traders and investors will be keeping a careful eye on it.
The 50-day exponential moving average (EMA) provides resistance, but the question is if Solana can maintain its upward momentum in the face of overall market circumstances.
#Memecoins #sol #WIF $SOL
Expectations for Solana Price as $6.5 Billion Trading Volume Pushes SOL Over $140
Solana exemplifies strong market performance with a price rise to $151.34 and a substantial 24-hour trading volume of $2.97 billion.
With a 5% gain in the last day, Solana's market size is now at over $67.62 billion, making it the sixth biggest by market cap.
Solana price forecasts are becoming more and more hopeful as market observers attentively track these occurrences. Let's take a look at Solana's technical outlook.
Estimate of Solana's Value
At $147.20, Solana has a pivot point; at $164.56, there is immediate resistance; and at $185.94 and $204.26, there are more barriers.
If the current trend persists, breaking these hurdles might signal a more robust bullish move for Solana.
The levels of assistance, on the other hand, are $126.23, $110.96 and $92.64. If negative pressures do materialize, these levels might serve as important support and resistance levels.
Solana is approaching oversold circumstances, which might lead to buying activity if the price drops further, according to the Relative Strength Index (RSI), which is now at 39.
Estimate of Solana's Value
Estimate of Solana's Value
Another possible obstacle might be the $156.28 50-Day Exponential Moving Average (EMA).
Given how close the exponential moving average is to the current price, it seems that Solana is approaching important technical levels.
Finally, although Solana's current price action is positive above the $147.20 pivot, a decline below this level would set off a more severe sell-off.
The market might continue to rise if these levels break, but if they don't, Solana could go back to lower support zones, so traders and investors will be keeping a careful eye on it.
The 50-day exponential moving average (EMA) provides resistance, but the question is if Solana can maintain its upward momentum in the face of overall market circumstances.
#Memecoins #sol #WIF $SOL
#MarketSentimentToday
Bitcoiners Spend Record $2.4 Million On Block 840,000 for Halving Block
Many Bitcoin users are fiercely fighting for halving blocks, paying excessive fees to mine a single block after the fourth-year halves cycle.
Block fees cost Bitcoin mining pool almost $2.4 million
The anticipated Bitcoin halving event began today with the 840,000th block uploaded to the system. The halving raised transaction fees to record highs, but BTC prices did not.
In the fierce battle, ViaBTC mined the 840,000th Bitcoin block. Bitcoin users spent $37.7 BTC, or $2.4 million, on mining fees, the most ever paid for a block.
Mempool reported that ViaBTC automatically cut miners' rewards in half after the 840,000th block, from 6.25 BTC to 3.125 BTC. ViaBTC got 40.7 BTC, worth $2.6 million, for mining the landmark block in addition to the fees.
While spending almost $2.4 million on a single block may seem like Bitcoin miners went all out, the 840,000th block was significant in the cryptocurrency world. The first Satoshis, or ‘sats,’ the lowest units of BTC after the halving, may be in the historic Bitcoin block.
Several "epic sats," which occur after the halving event, are sought for by cryptocurrency collectors. Others believe these Bitcoin bits may be worth millions.
In addition to the hoopla around these fragmented BTC, the new Runes Protocol, which debuted at the same time as the Bitcoin halving, has spurred rivalry for Bitcoin blocks.
Degens rush forinfamous rune tokens
Casey Rodamor, a Bitcoin developer, devised the Runes Protocol, which has shocked the cryptocurrency industry as degens compete to etch and mint tokens on Bitcoin.
Degens paid $4.95 million for the rarest Runes with 78.6 BTC whilst mining pools mined fresh Bitcoin blocks. Increased Bitcoin network growth and activity are evident in this unprecedented exponential fee rise.
According to Ord.io, a ‘Decentralized’ Rune cost 7.99 BTC, or $510,760. Another named ‘Dog-Go-To-The-Moon’ cost 6.73 BTC, valued $429,831.
#bitcoinhalving #BullorBear $BTC
Bitcoiners Spend Record $2.4 Million On Block 840,000 for Halving Block
Many Bitcoin users are fiercely fighting for halving blocks, paying excessive fees to mine a single block after the fourth-year halves cycle.
Block fees cost Bitcoin mining pool almost $2.4 million
The anticipated Bitcoin halving event began today with the 840,000th block uploaded to the system. The halving raised transaction fees to record highs, but BTC prices did not.
In the fierce battle, ViaBTC mined the 840,000th Bitcoin block. Bitcoin users spent $37.7 BTC, or $2.4 million, on mining fees, the most ever paid for a block.
Mempool reported that ViaBTC automatically cut miners' rewards in half after the 840,000th block, from 6.25 BTC to 3.125 BTC. ViaBTC got 40.7 BTC, worth $2.6 million, for mining the landmark block in addition to the fees.
While spending almost $2.4 million on a single block may seem like Bitcoin miners went all out, the 840,000th block was significant in the cryptocurrency world. The first Satoshis, or ‘sats,’ the lowest units of BTC after the halving, may be in the historic Bitcoin block.
Several "epic sats," which occur after the halving event, are sought for by cryptocurrency collectors. Others believe these Bitcoin bits may be worth millions.
In addition to the hoopla around these fragmented BTC, the new Runes Protocol, which debuted at the same time as the Bitcoin halving, has spurred rivalry for Bitcoin blocks.
Degens rush forinfamous rune tokens
Casey Rodamor, a Bitcoin developer, devised the Runes Protocol, which has shocked the cryptocurrency industry as degens compete to etch and mint tokens on Bitcoin.
Degens paid $4.95 million for the rarest Runes with 78.6 BTC whilst mining pools mined fresh Bitcoin blocks. Increased Bitcoin network growth and activity are evident in this unprecedented exponential fee rise.
According to Ord.io, a ‘Decentralized’ Rune cost 7.99 BTC, or $510,760. Another named ‘Dog-Go-To-The-Moon’ cost 6.73 BTC, valued $429,831.
#bitcoinhalving #BullorBear $BTC
#MarketSentimentToday
Shiba Inu Price Rises on 1.4 Million Holder Support
Shiba Inu (SHIB), the “Dogecoin Killer,” is back in the news. The dog-themed meme currency is showing signs of life in the first part of 2024 after a tumultuous 2023.
SHIB may rise with a rising holding base, strategic support network, and recent price spike. Investors are wary due to sale pressure and the shadow of its all-time high.
Shiba Inu Draws Strength From Numbers
SHIB is growing in popularity. Shiba Inu holders on Ethereum have topped 1.4 million, demonstrating the coin's growing popularity.
This increase in holdings suggests a growing community of SHIB believers, which might make the market more stable and robust.
Shiba Inu Creates Price Stability Support
SHIB has a strategic support strategy to protect against price swings in addition to its growing holder base. The “support clusters” at $0.00001 and $0.000014 concentrate purchasing pressure zones.
Many holders acquired Shiba Inu at these prices, thus if the price drops below these levels, many tokens will be bought again.
Blockchain research tools provide “In & Out of the Money” metrics to encourage holders to hang onto their tokens rather than sell at a loss.
All-Time High Shiba Inu Barks
SHIB remains cautious despite encouraging advances. The price is securely above the support clusters, however it is far lower than its 2021 meme coin frenzy high of $0.00008616.
Although the recent price uptick is promising, spot markets still have greater sale pressure than purchase pressure. This mismatch shows investors are willing to pay out, which might slow a price rise.
The Future of Meme Coin
Shiba Inu's future is unknown. Although recent trends are cautiously positive, the meme currency market is notoriously unpredictable. Several variables outside its holding base and support system determine SHIB's success.
A sustained price gain requires good cryptocurrency market developments, increasing SHIB token usefulness, and reduced sell pressure.
#Memecoins #SHIB $SHIB #Shibarium
Shiba Inu Price Rises on 1.4 Million Holder Support
Shiba Inu (SHIB), the “Dogecoin Killer,” is back in the news. The dog-themed meme currency is showing signs of life in the first part of 2024 after a tumultuous 2023.
SHIB may rise with a rising holding base, strategic support network, and recent price spike. Investors are wary due to sale pressure and the shadow of its all-time high.
Shiba Inu Draws Strength From Numbers
SHIB is growing in popularity. Shiba Inu holders on Ethereum have topped 1.4 million, demonstrating the coin's growing popularity.
This increase in holdings suggests a growing community of SHIB believers, which might make the market more stable and robust.
Shiba Inu Creates Price Stability Support
SHIB has a strategic support strategy to protect against price swings in addition to its growing holder base. The “support clusters” at $0.00001 and $0.000014 concentrate purchasing pressure zones.
Many holders acquired Shiba Inu at these prices, thus if the price drops below these levels, many tokens will be bought again.
Blockchain research tools provide “In & Out of the Money” metrics to encourage holders to hang onto their tokens rather than sell at a loss.
All-Time High Shiba Inu Barks
SHIB remains cautious despite encouraging advances. The price is securely above the support clusters, however it is far lower than its 2021 meme coin frenzy high of $0.00008616.
Although the recent price uptick is promising, spot markets still have greater sale pressure than purchase pressure. This mismatch shows investors are willing to pay out, which might slow a price rise.
The Future of Meme Coin
Shiba Inu's future is unknown. Although recent trends are cautiously positive, the meme currency market is notoriously unpredictable. Several variables outside its holding base and support system determine SHIB's success.
A sustained price gain requires good cryptocurrency market developments, increasing SHIB token usefulness, and reduced sell pressure.
#Memecoins #SHIB $SHIB #Shibarium
#MarketSentimentToday
This billionaire expects Bitcoin to cost $10 million.
Venture capitalist Tim Draper, who invested in Skype and Tesla, is again causing controversy with his high Bitcoin prediction. In a recent interview, Draper predicted that widespread acceptance and a falling US dollar may push the world's most renowned cryptocurrency over $10 million.
“Now, $250,000 or a million, or $2 million, or even $10 million are the numbers that are probably going to happen,” Draper added.
Explaining Why Everyone Is Googling ‘Bitcoin Halving’
The billionaire has challenged Bitcoin before. He correctly anticipated the Bitcoin will break $10,000 in 2017. Draper blamed regulatory hurdles and slow mainstream adoption for his 2022 price projection of $250,000.
That time, he said:
Maybe my hubris got the best of me.
Bitcoin Needs a Global Village, Not a Niche
Draper expects crypto to become a ubiquitous payment method. He envisions a society where Bitcoin pays for groceries, clothes, and taxes, eliminating traditional currencies. Draper believes widespread adoption will raise prices due to increasing demand.
Is a BTC-powered utopia realistic? Experts disagree. The halving occurrence yesterday may be a spark.
History shows that Bitcoin prices rise after halving the amount of new coins. Recently approved BTC exchange-traded funds (ETFs) are also positive for general acceptance.
Governments worldwide struggle to implement a decentralized currency into their financial systems due to regulatory issues.
The Future of Bitcoin: Boom or Bust?
The $10 million prediction by Draper raises eyebrows. His bullish view may be excessively rosy, but his tech trend identification skills are credible.
Like always, the truth is probably in between. The crypto asset's future depends on its capacity to overcome technological obstacles, get regulatory acceptance, and most significantly, convince consumers to ditch their credit cards for complex cryptographic codes.
We'll see if Bitcoin reaches $10 million or stays on the investing edge.
#bitcoinhalving $BTC #BTC
This billionaire expects Bitcoin to cost $10 million.
Venture capitalist Tim Draper, who invested in Skype and Tesla, is again causing controversy with his high Bitcoin prediction. In a recent interview, Draper predicted that widespread acceptance and a falling US dollar may push the world's most renowned cryptocurrency over $10 million.
“Now, $250,000 or a million, or $2 million, or even $10 million are the numbers that are probably going to happen,” Draper added.
Explaining Why Everyone Is Googling ‘Bitcoin Halving’
The billionaire has challenged Bitcoin before. He correctly anticipated the Bitcoin will break $10,000 in 2017. Draper blamed regulatory hurdles and slow mainstream adoption for his 2022 price projection of $250,000.
That time, he said:
Maybe my hubris got the best of me.
Bitcoin Needs a Global Village, Not a Niche
Draper expects crypto to become a ubiquitous payment method. He envisions a society where Bitcoin pays for groceries, clothes, and taxes, eliminating traditional currencies. Draper believes widespread adoption will raise prices due to increasing demand.
Is a BTC-powered utopia realistic? Experts disagree. The halving occurrence yesterday may be a spark.
History shows that Bitcoin prices rise after halving the amount of new coins. Recently approved BTC exchange-traded funds (ETFs) are also positive for general acceptance.
Governments worldwide struggle to implement a decentralized currency into their financial systems due to regulatory issues.
The Future of Bitcoin: Boom or Bust?
The $10 million prediction by Draper raises eyebrows. His bullish view may be excessively rosy, but his tech trend identification skills are credible.
Like always, the truth is probably in between. The crypto asset's future depends on its capacity to overcome technological obstacles, get regulatory acceptance, and most significantly, convince consumers to ditch their credit cards for complex cryptographic codes.
We'll see if Bitcoin reaches $10 million or stays on the investing edge.
#bitcoinhalving $BTC #BTC
#MarketSentimentToday
👉Bullish #Cardano Metric Predicts 75% Rally to $1
🌟Analyst has alerted the Cardano (ADA) community to a key indicator that could boost the price. According to his analysis, the crypto asset might rally to $1.
🌟Cardano Price Could Rise 75% Soon
🌟An X (previously Twitter) analyst predicted “another impressive rebound” for Cardano with its Market Value to Realized Value (MVRV) below -22%. He remarked that ADA's price soared over 75% when the MVRV ratio dropped below -22%. For Cardano to reach $1, it must rally above 75%.
🌟A crypto analyst suggested Cardano may reach $1. He wrote on X that the crypto currency might reach this price in 1 to 3 months if it can hold $0.44. In a prior X article, he said Cardano's bull run might resume if its price rises above $0.54.
🌟Trend Rider previously claimed Cardano might reach $3 if history repeats itself. He referenced October 2020, when Cardano dropped to $0.10 and rose to $3. He predicted this may happen again once the crypto coin approaches its “ultimate support test.”
🌟Current crypto market cap: $2.261 trillion. TradingView chart
Cardano's support level may be preventing a parabolic price explosion. Alan Santana, a crypto analyst, suggested that ADA could drop to $0.34 to establish support before turning bullish again.
🌟Still no Cardano season
🌟Crypto Capital Venture founder Dan Gambardello called Cardano's price “frustrating” because it's not “Cardano Season.” He believes the crypto asset will “really do well” at its season. The expert warned ADA holders that Cardano's power shift might take months.
🌟Gambardello said Cardano may fall below the “lower 30s,” as crypto prices fell over fears of an Israel-Iran war. The analyst also predicted that ADA and other crypto assets would “bounce like crazy” after this scare period.
#ada $ADA #BullorBear
👉Bullish #Cardano Metric Predicts 75% Rally to $1
🌟Analyst has alerted the Cardano (ADA) community to a key indicator that could boost the price. According to his analysis, the crypto asset might rally to $1.
🌟Cardano Price Could Rise 75% Soon
🌟An X (previously Twitter) analyst predicted “another impressive rebound” for Cardano with its Market Value to Realized Value (MVRV) below -22%. He remarked that ADA's price soared over 75% when the MVRV ratio dropped below -22%. For Cardano to reach $1, it must rally above 75%.
🌟A crypto analyst suggested Cardano may reach $1. He wrote on X that the crypto currency might reach this price in 1 to 3 months if it can hold $0.44. In a prior X article, he said Cardano's bull run might resume if its price rises above $0.54.
🌟Trend Rider previously claimed Cardano might reach $3 if history repeats itself. He referenced October 2020, when Cardano dropped to $0.10 and rose to $3. He predicted this may happen again once the crypto coin approaches its “ultimate support test.”
🌟Current crypto market cap: $2.261 trillion. TradingView chart
Cardano's support level may be preventing a parabolic price explosion. Alan Santana, a crypto analyst, suggested that ADA could drop to $0.34 to establish support before turning bullish again.
🌟Still no Cardano season
🌟Crypto Capital Venture founder Dan Gambardello called Cardano's price “frustrating” because it's not “Cardano Season.” He believes the crypto asset will “really do well” at its season. The expert warned ADA holders that Cardano's power shift might take months.
🌟Gambardello said Cardano may fall below the “lower 30s,” as crypto prices fell over fears of an Israel-Iran war. The analyst also predicted that ADA and other crypto assets would “bounce like crazy” after this scare period.
#ada $ADA #BullorBear
💰💰💰#BNB Resilience: Maintaining a Solid Position at $560
The price of $BNB is displaying clear indications of reversing course and is now holding above its prior low. After a period of declining value, the native token of the Binance Smart Chain is attempting to recover and return to its previous high.
All Signs Point to a Long-Term Uptrend in BNB Prices
Several indicators can be utilized to evaluate the chart and determine the potential future move of the BNB price:
Looking at the MACD indicator from a technical perspective, we can see that the histograms are trending above zero, and the MACD line and the Signal line have crossed and are moving towards zero, suggesting a bullish trend. This is known as the 4-hour MACD. You can see this in the image up there.
Looking at the 4-hour alligator indicator, we can see that BNB is trading above the alligator lines. The alligator's teeth and lip have crossed over the jaw, indicating that the price might be starting a new rally.
As of this writing, the price of BNB has risen 1.35 percent and was trading at approximately $561 within the past 24 hours. The price of BNB is displaying bullish indicators and is also creating a base above the support level of $508.1. Furthermore, on the 4-hour chart, the price is trading above the negative trend line but below the 100 Simple Moving Average (SMA).
Last Remarks
One key support level at $508 and one big resistance level at $635 have been established by the preceding decline in BNB price. The price of BNB is now approaching this resistance level; a breakthrough there would trigger further price increases, perhaps leading to a new all-time high.
In contrast, a new negative trend might begin if the price is able to break below this support level; a reversal and a decline toward its prior support would ensue if it is unable to break over this significant barrier.
#Megadrop #BullorBear
The price of $BNB is displaying clear indications of reversing course and is now holding above its prior low. After a period of declining value, the native token of the Binance Smart Chain is attempting to recover and return to its previous high.
All Signs Point to a Long-Term Uptrend in BNB Prices
Several indicators can be utilized to evaluate the chart and determine the potential future move of the BNB price:
Looking at the MACD indicator from a technical perspective, we can see that the histograms are trending above zero, and the MACD line and the Signal line have crossed and are moving towards zero, suggesting a bullish trend. This is known as the 4-hour MACD. You can see this in the image up there.
Looking at the 4-hour alligator indicator, we can see that BNB is trading above the alligator lines. The alligator's teeth and lip have crossed over the jaw, indicating that the price might be starting a new rally.
As of this writing, the price of BNB has risen 1.35 percent and was trading at approximately $561 within the past 24 hours. The price of BNB is displaying bullish indicators and is also creating a base above the support level of $508.1. Furthermore, on the 4-hour chart, the price is trading above the negative trend line but below the 100 Simple Moving Average (SMA).
Last Remarks
One key support level at $508 and one big resistance level at $635 have been established by the preceding decline in BNB price. The price of BNB is now approaching this resistance level; a breakthrough there would trigger further price increases, perhaps leading to a new all-time high.
In contrast, a new negative trend might begin if the price is able to break below this support level; a reversal and a decline toward its prior support would ensue if it is unable to break over this significant barrier.
#Megadrop #BullorBear
🤝🤝🤝🤝Bitcoin Halving 2024 Completed! What to Expect
Bitcoin has completed its fourth halving event, halving miners' block rewards from 6.25 to 3.125 BTC. The Bitcoin halving (also known as “the halvening”) occurs every 210,000 blocks, or four years.
Bitcoin creation will decelerate due to miners receiving 50% fewer BTC. Miners will create 450 BTC per day, down from 900 BTC before the halving.
The 2012, 2016, and 2020 halvings dramatically reduced mining earnings over the last decade. The first halving event in 2012 reduced block mining rewards from 50 to 25 BTC.
Bitcoin's second halving is projected at 1,050,000 (presumably in the first quarter of 2028) instead of 840,000. The halvening will continue until the last Bitcoin is minted in 2140.
How Will Bitcoin Halve Affect Crypto?
One of the most anticipated cryptocurrency events of 2024 was the Bitcoin halving. Given its potential impact on their main revenue source, BTC mining companies have been prepared for this scenario.
Bitcoin miners in the US are adjusting to life after the Bitcoin halving, as detailed on Bitcoinist weeks ago. For profitability, these corporations are relocating their outdated mining equipment out of the US and upgrading to more efficient ones, according to the research.
There have also been many intriguing speculations about how the current halvening will affect Bitcoin prices. Historically, the top cryptocurrency performs well during the halving year.
Due to this, the crypto community has seen some ambitious bullish Bitcoin price predictions this year. Jan3 and Bitcoiner CEO Samson Mow thinks BTC might reach $1 million after the halving.
However, post-halving negative forecasts for the market leader exist. Leading investment bank JPMorgan predicts Bitcoin could drop to $42,000 after halving owing to manufacturing costs and mining issues.
Bitcoin has struggled to reproduce its Q1 performance in recent weeks, but investors hope the halving event would help it achieve its early promise.
#bitcoinhalving #BullorBear #BTC $BTC
Bitcoin has completed its fourth halving event, halving miners' block rewards from 6.25 to 3.125 BTC. The Bitcoin halving (also known as “the halvening”) occurs every 210,000 blocks, or four years.
Bitcoin creation will decelerate due to miners receiving 50% fewer BTC. Miners will create 450 BTC per day, down from 900 BTC before the halving.
The 2012, 2016, and 2020 halvings dramatically reduced mining earnings over the last decade. The first halving event in 2012 reduced block mining rewards from 50 to 25 BTC.
Bitcoin's second halving is projected at 1,050,000 (presumably in the first quarter of 2028) instead of 840,000. The halvening will continue until the last Bitcoin is minted in 2140.
How Will Bitcoin Halve Affect Crypto?
One of the most anticipated cryptocurrency events of 2024 was the Bitcoin halving. Given its potential impact on their main revenue source, BTC mining companies have been prepared for this scenario.
Bitcoin miners in the US are adjusting to life after the Bitcoin halving, as detailed on Bitcoinist weeks ago. For profitability, these corporations are relocating their outdated mining equipment out of the US and upgrading to more efficient ones, according to the research.
There have also been many intriguing speculations about how the current halvening will affect Bitcoin prices. Historically, the top cryptocurrency performs well during the halving year.
Due to this, the crypto community has seen some ambitious bullish Bitcoin price predictions this year. Jan3 and Bitcoiner CEO Samson Mow thinks BTC might reach $1 million after the halving.
However, post-halving negative forecasts for the market leader exist. Leading investment bank JPMorgan predicts Bitcoin could drop to $42,000 after halving owing to manufacturing costs and mining issues.
Bitcoin has struggled to reproduce its Q1 performance in recent weeks, but investors hope the halving event would help it achieve its early promise.
#bitcoinhalving #BullorBear #BTC $BTC
After halving #DOGE Day excitement, will Dogecoin reach $0.2?
Dogecoin price maintains above an ascending trendline amid rising overhead pressure.
Altcoins may soar after Bitcoin halving and $DOGE Day.
A rising wedge formation is hurting Dogecoin, but bullish narratives could help.
Despite market slowdown, Dogecoin (DOGE) price is consolidating along an ascending trendline. As DOGE Day approaches, Bitcoiners and cryptocurrency fans celebrate the fourth Bitcoin halving, which could benefit Dogecoin.
DOGE may rise on Dogecoin Day.
In conjunction with the Bitcoin halving on April 20, the DOGE community is celebrating Dogecoin Day, a social media effort to enhance awareness and value.
The 2013 "Doge" meme picturing a Shiba Inu dog inspired Dogecoin, which has a large community.
Dogecoin price holds above the ascending trendline, which provides downward support, and the 200-day SMA on the 12-hour period. The Relative Strength Index (RSI) crossed over the yellow band of the signal line, signaling a buy. Same crossover on Moving Average Convergence Divergence (MACD) above orange signal line band.
If DOGE bulls follow the buy signal, Dogecoin price could push north to face resistance at $0.1718, the 100-day SMA. If this moving average fails, meme coins' Bitcoin could break through to the 50-day SMA at $0.1830. Dogecoin might reach $0.2000, 33% above current values, in a bullish scenario.
Dogecoin's ascending wedge would expire if the 12-hour timeframe broke and closed above $0.2000.
Dogecoin price could fall below the ascending trendline if the $0.2000 barrier fails to break. If the DOGE price falls below the 200-day SMA at $0.1278, it could test the psychological $0.1000 market bottom.
#Memecoins #SHIB
Dogecoin price maintains above an ascending trendline amid rising overhead pressure.
Altcoins may soar after Bitcoin halving and $DOGE Day.
A rising wedge formation is hurting Dogecoin, but bullish narratives could help.
Despite market slowdown, Dogecoin (DOGE) price is consolidating along an ascending trendline. As DOGE Day approaches, Bitcoiners and cryptocurrency fans celebrate the fourth Bitcoin halving, which could benefit Dogecoin.
DOGE may rise on Dogecoin Day.
In conjunction with the Bitcoin halving on April 20, the DOGE community is celebrating Dogecoin Day, a social media effort to enhance awareness and value.
The 2013 "Doge" meme picturing a Shiba Inu dog inspired Dogecoin, which has a large community.
Dogecoin price holds above the ascending trendline, which provides downward support, and the 200-day SMA on the 12-hour period. The Relative Strength Index (RSI) crossed over the yellow band of the signal line, signaling a buy. Same crossover on Moving Average Convergence Divergence (MACD) above orange signal line band.
If DOGE bulls follow the buy signal, Dogecoin price could push north to face resistance at $0.1718, the 100-day SMA. If this moving average fails, meme coins' Bitcoin could break through to the 50-day SMA at $0.1830. Dogecoin might reach $0.2000, 33% above current values, in a bullish scenario.
Dogecoin's ascending wedge would expire if the 12-hour timeframe broke and closed above $0.2000.
Dogecoin price could fall below the ascending trendline if the $0.2000 barrier fails to break. If the DOGE price falls below the 200-day SMA at $0.1278, it could test the psychological $0.1000 market bottom.
#Memecoins #SHIB
The #Injective 3.0 Community Vote
Voting is currently underway on a plan to usher in a new age called Injective 3.0 and drastically alter the platform's tokenomics on the Injective Protocol blockchain, which is used for decentralized finance (DeFi) and derivatives trading.
Injective announced the proposal's availability for voting on the Injective Hub in a post made on April 19. All stakeholders and validators are welcome to join in over the following four days.
The makers of Injective 3.0 claim that their goal is to turn INJ into a deflationary asset. A significant component of this will involve managing the rate of token generation in order to decrease minting. In order to decrease the rate of token minting, the team will adjust on-chain parameters, pending community approval of the proposal.
Concurrently, Injective 3.0 intends to make the inflation rate of INJ more stake-responsive. As more INJ is staked and made scarce, inflation will decrease under this scenario.
If INJ deflates more, the network, according to the proposers, will be safer and more resilient. Rare assets typically have higher token pricing. It should be mentioned, though, that alterations to tokenomics do not instantly result in advantageous repricing of prices. Utilitarianism, fueled mostly by public interest, is necessary for price increases.
Will Prices Finally Break $30 After Burning Millions of INJ?
After being activated in August 2023, Injective 2.0 is now active. Decentralized applications (dapps) on the network are currently free to take part in token burning through an auction under the existing rules. More than 5.9 million INJ have been removed, as per the Injective Protocol.
As of this writing, INJ is still under pressure and has fallen 50% from its all-time high in March 2024. During the previous several trading sessions, the coin's movement has been horizontal.
An important resistance level is the $30 mark. If INJ prices go below $23, which is the low for the week, the coin will fall towards the $18 level, which was around the low on April 13.
#BullorBear $INJ
Voting is currently underway on a plan to usher in a new age called Injective 3.0 and drastically alter the platform's tokenomics on the Injective Protocol blockchain, which is used for decentralized finance (DeFi) and derivatives trading.
Injective announced the proposal's availability for voting on the Injective Hub in a post made on April 19. All stakeholders and validators are welcome to join in over the following four days.
The makers of Injective 3.0 claim that their goal is to turn INJ into a deflationary asset. A significant component of this will involve managing the rate of token generation in order to decrease minting. In order to decrease the rate of token minting, the team will adjust on-chain parameters, pending community approval of the proposal.
Concurrently, Injective 3.0 intends to make the inflation rate of INJ more stake-responsive. As more INJ is staked and made scarce, inflation will decrease under this scenario.
If INJ deflates more, the network, according to the proposers, will be safer and more resilient. Rare assets typically have higher token pricing. It should be mentioned, though, that alterations to tokenomics do not instantly result in advantageous repricing of prices. Utilitarianism, fueled mostly by public interest, is necessary for price increases.
Will Prices Finally Break $30 After Burning Millions of INJ?
After being activated in August 2023, Injective 2.0 is now active. Decentralized applications (dapps) on the network are currently free to take part in token burning through an auction under the existing rules. More than 5.9 million INJ have been removed, as per the Injective Protocol.
As of this writing, INJ is still under pressure and has fallen 50% from its all-time high in March 2024. During the previous several trading sessions, the coin's movement has been horizontal.
An important resistance level is the $30 mark. If INJ prices go below $23, which is the low for the week, the coin will fall towards the $18 level, which was around the low on April 13.
#BullorBear $INJ
🔥🔥🔥Why Is Participation Low Despite 81% Daily Shiba Inu Burn Rate Increase?
Shiba Inu burn rates have increased regularly, which is good news for the community. However, the burned numbers show otherwise, notably with Shiba Inu holders' SHIB burning participation.
Shiba Inu Burns 81% More
The Shiba Inu daily burn rate increased 81% in one day. Although this increase is good for meme coin, the quantity of tokens burned to produce it is low.
Shibburn reported 4.64 million SHIB token burns in the last day. For context, the tokens burned today are worth about $105.
Since this is an 81% increase, fewer tokens were burned the day before. Shibburn data show 1.9 million tokens, or $45 worth, were destroyed the day before.
Investor participation appears to be low because to this sharp drop in daily coin burning. Shiba Inu's price difficulties in recent weeks may have caused investors to be more cautious to protect their stakes.
Shib Price Drops 21%
The price and burn rate of Shiba Inu have both dropped in the recent week. Coinmarketcap reports a 15% drop in Shiba Inu prices in the past week.
After this 15% dip, the SHIB price is at $0.000023, down 50% from its March top of $0.000044. In the last day, its trading volume rose 12% to $645 million. Volume increases frequently indicate bitcoin interest. If so, the Shiba Inu price may reverse as investors wager again.
SHIB is currently trading at $0.0000228, up 4% daily. Despite its challenges, the meme coin has a market worth above $13.5 billion, making it the 11th-largest cryptocurrency and ahead of Avalanche and Polkadot.
#SHIB #Memecoins #BullorBear
Shiba Inu burn rates have increased regularly, which is good news for the community. However, the burned numbers show otherwise, notably with Shiba Inu holders' SHIB burning participation.
Shiba Inu Burns 81% More
The Shiba Inu daily burn rate increased 81% in one day. Although this increase is good for meme coin, the quantity of tokens burned to produce it is low.
Shibburn reported 4.64 million SHIB token burns in the last day. For context, the tokens burned today are worth about $105.
Since this is an 81% increase, fewer tokens were burned the day before. Shibburn data show 1.9 million tokens, or $45 worth, were destroyed the day before.
Investor participation appears to be low because to this sharp drop in daily coin burning. Shiba Inu's price difficulties in recent weeks may have caused investors to be more cautious to protect their stakes.
Shib Price Drops 21%
The price and burn rate of Shiba Inu have both dropped in the recent week. Coinmarketcap reports a 15% drop in Shiba Inu prices in the past week.
After this 15% dip, the SHIB price is at $0.000023, down 50% from its March top of $0.000044. In the last day, its trading volume rose 12% to $645 million. Volume increases frequently indicate bitcoin interest. If so, the Shiba Inu price may reverse as investors wager again.
SHIB is currently trading at $0.0000228, up 4% daily. Despite its challenges, the meme coin has a market worth above $13.5 billion, making it the 11th-largest cryptocurrency and ahead of Avalanche and Polkadot.
#SHIB #Memecoins #BullorBear
💥💥Halving Schedules for Bitcoin - Price of Bitcoin One Month After Past Halvings
The Bitcoin halving of 2024 is coming up in just a few hours. Due to a number of geopolitical developments, the market has been experiencing more volatility, leading to unexpected drops in price..
Currently, Bitcoin is trading for more than $64,000, a gain of more than 4% over the last 24 hours according to CoinMarketCap.
Whenever Bitcoin underwent a halving in its previous cycles, the price of the coin soared to new heights as a result. Now that Bitcoin has broken new all-time highs in the lead-up to the event, though, it's possible that the past won't repeat itself.
It is interesting to study the values that Bitcoin managed to reach one month after each former event, even though this halving will be somewhat different from the past ones, according to several analysts.
The 2012 halving
November 28th, 2012 was the date of the halving. Before the halving, the block reward was 50 BTC; following the event, it was reduced to 25 BTC.
About $10.26 was the price of Bitcoin one month prior to the halving. The price went up to about $13.42 after the cut.
The 2016 halving
July 9 was the date of the 2016 halving. After the occurrence, the block reward went down from 25 BTC to 12.5 BTC.
The price of bitcoin increased from $583.11 one month prior to the halving to $597.50 one month following the halving. A low of $670 was reached at the time of the halving, and by July 2017, the price had risen to $2,550.
The 2020 halving
Dated May 11, 2020, was the previous halving. From 12.5 BTC to 6.25 BTC, the block reward decreased.
The price of Bitcoin was about $6,909.95 before the halving, and it rose to over $9,850 a month after the occurrence. From around $11,000 in October 2020 to around $60,000 by March 2021, the price had a tremendous surge in late 2020.
The Bitcoin halving is scheduled for 2024
Around 10 hours from now, Bitcoin will undergo its halving event, which will reduce the rewards given to Bitcoin miners every block from 6.25 BTC to 3.125 BTC.
#bitcoinhalving #BTC $BTC
The Bitcoin halving of 2024 is coming up in just a few hours. Due to a number of geopolitical developments, the market has been experiencing more volatility, leading to unexpected drops in price..
Currently, Bitcoin is trading for more than $64,000, a gain of more than 4% over the last 24 hours according to CoinMarketCap.
Whenever Bitcoin underwent a halving in its previous cycles, the price of the coin soared to new heights as a result. Now that Bitcoin has broken new all-time highs in the lead-up to the event, though, it's possible that the past won't repeat itself.
It is interesting to study the values that Bitcoin managed to reach one month after each former event, even though this halving will be somewhat different from the past ones, according to several analysts.
The 2012 halving
November 28th, 2012 was the date of the halving. Before the halving, the block reward was 50 BTC; following the event, it was reduced to 25 BTC.
About $10.26 was the price of Bitcoin one month prior to the halving. The price went up to about $13.42 after the cut.
The 2016 halving
July 9 was the date of the 2016 halving. After the occurrence, the block reward went down from 25 BTC to 12.5 BTC.
The price of bitcoin increased from $583.11 one month prior to the halving to $597.50 one month following the halving. A low of $670 was reached at the time of the halving, and by July 2017, the price had risen to $2,550.
The 2020 halving
Dated May 11, 2020, was the previous halving. From 12.5 BTC to 6.25 BTC, the block reward decreased.
The price of Bitcoin was about $6,909.95 before the halving, and it rose to over $9,850 a month after the occurrence. From around $11,000 in October 2020 to around $60,000 by March 2021, the price had a tremendous surge in late 2020.
The Bitcoin halving is scheduled for 2024
Around 10 hours from now, Bitcoin will undergo its halving event, which will reduce the rewards given to Bitcoin miners every block from 6.25 BTC to 3.125 BTC.
#bitcoinhalving #BTC $BTC
#MarketSentimentToday
🔥With 318 million USDT in the bank, will the price of Ignite, Ethereum's cryptocurrency, surge?
Ethereum (ETH), the second-largest cryptocurrency in the world, is experiencing a period of transformation. Even if there's a lot going on with the Ethereum network, investors are baffled by the recent precipitous drop in the price of ETH.
The recent fluctuation of Tether (USDT) brought a ray of hope. In a massive move, Tether—the creator of the most widely used stablecoin linked to the US dollar—sent $318 million in USDT from its treasury wallet to Ethereum exchanges.
Investors may be getting more interested in the cryptocurrency sector as a whole if they are selling USDT in anticipation of higher demand.
Tether has a history of minting a lot of USDT when crypto activity is high, and now there's talk that Ethereum might see another billion USDT coined shortly.
But experts warn against getting ahead of oneself. An uptick in USDT activity may be good news for Ethereum, but it won't ensure success by itself.
The price of Ethereum, however, has been incredibly uncooperative. Since yesterday, ETH's price has fallen by almost 3%, and it is now trading below the critical $3,000 mark.
If prices continue to fall below $3,000, investors may sell in a panic, further worsening the decline.
Ethereum is facing a complicated scenario right now. Although there are some encouraging developments, like as Tether's recent shift and consistent network activity, the dropping price and NFT market correction provide a different image.
An Energetic Civet Ignoring Concerns About Cost
The Ethereum network is bustling with activity, even as the price of ETH is feeling the heat. When compared to the recent decline in the Non-Fungible Token (NFT) market, the overall consistency of network utilization is striking.
This points to a change in direction within the Ethereum network. Although the ostentatious NFT community may be undergoing a short-term correction, other areas of Ethereum are stepping up to the plate.
#bitcoinhalving #ETH $ETH #BullorBear
🔥With 318 million USDT in the bank, will the price of Ignite, Ethereum's cryptocurrency, surge?
Ethereum (ETH), the second-largest cryptocurrency in the world, is experiencing a period of transformation. Even if there's a lot going on with the Ethereum network, investors are baffled by the recent precipitous drop in the price of ETH.
The recent fluctuation of Tether (USDT) brought a ray of hope. In a massive move, Tether—the creator of the most widely used stablecoin linked to the US dollar—sent $318 million in USDT from its treasury wallet to Ethereum exchanges.
Investors may be getting more interested in the cryptocurrency sector as a whole if they are selling USDT in anticipation of higher demand.
Tether has a history of minting a lot of USDT when crypto activity is high, and now there's talk that Ethereum might see another billion USDT coined shortly.
But experts warn against getting ahead of oneself. An uptick in USDT activity may be good news for Ethereum, but it won't ensure success by itself.
The price of Ethereum, however, has been incredibly uncooperative. Since yesterday, ETH's price has fallen by almost 3%, and it is now trading below the critical $3,000 mark.
If prices continue to fall below $3,000, investors may sell in a panic, further worsening the decline.
Ethereum is facing a complicated scenario right now. Although there are some encouraging developments, like as Tether's recent shift and consistent network activity, the dropping price and NFT market correction provide a different image.
An Energetic Civet Ignoring Concerns About Cost
The Ethereum network is bustling with activity, even as the price of ETH is feeling the heat. When compared to the recent decline in the Non-Fungible Token (NFT) market, the overall consistency of network utilization is striking.
This points to a change in direction within the Ethereum network. Although the ostentatious NFT community may be undergoing a short-term correction, other areas of Ethereum are stepping up to the plate.
#bitcoinhalving #ETH $ETH #BullorBear
#MarketSentimentToday
Shiba Inu Devs Release Major Shibarium Update: Details
Shibarium, the layer-2 blockchain solution created by the Shiba Inu (SHIB) token creators, released a major platform update to improve performance and accessibility. The official Shibarium Network account on X announced major user interface upgrades and wallet compatibility.
Shiba Inu: Shibarium Upgraded
The new Shibarium update supports many cryptocurrency wallets to meet a greater range of user preferences and financial ecosystems.
This update lets customers choose their wallet providers for Shibarium transactions, making it easier and more versatile.
SHIB army, we're excited to announce the new Shibarium UI—faster, smoother, and more accessible than ever! Expanded wallet compatibility enables customized Shibas connections. The Shibarium team told X that they redesigned the platform from scratch to maximize speed and user experience.
Technology-wise, the Shibarium update overhauled its underlying system architecture. The platform was redesigned from scratch using NextJS and React to improve performance. These adjustments improved load times, user interface responsiveness, and overall experience.
The update's improved procedures and reduced use of external libraries show its user-centric design. Shibarium uses less RAM for animations by using CSS instead than JavaScript, making user interaction faster. Smart contract and API error handling improvements make transactions safer and more robust.
The update also shows Shiba Inu's dedication to blockchain accessibility. Shibarium wants to attract blockchain beginners and experts by simplifying the user interface and improving the user journey.
“We’re constantly making strides towards making blockchain more intuitive and powerful,” said Shibarium developers.
Shibarium's update is essential for staying relevant and satisfying users as blockchain technology evolves. The Shibarium team says these upgrades are part of a goal to improve the platform and build a strong community.
#SHIB $SHIB #Memecoins #bitcoinhalving
Shiba Inu Devs Release Major Shibarium Update: Details
Shibarium, the layer-2 blockchain solution created by the Shiba Inu (SHIB) token creators, released a major platform update to improve performance and accessibility. The official Shibarium Network account on X announced major user interface upgrades and wallet compatibility.
Shiba Inu: Shibarium Upgraded
The new Shibarium update supports many cryptocurrency wallets to meet a greater range of user preferences and financial ecosystems.
This update lets customers choose their wallet providers for Shibarium transactions, making it easier and more versatile.
SHIB army, we're excited to announce the new Shibarium UI—faster, smoother, and more accessible than ever! Expanded wallet compatibility enables customized Shibas connections. The Shibarium team told X that they redesigned the platform from scratch to maximize speed and user experience.
Technology-wise, the Shibarium update overhauled its underlying system architecture. The platform was redesigned from scratch using NextJS and React to improve performance. These adjustments improved load times, user interface responsiveness, and overall experience.
The update's improved procedures and reduced use of external libraries show its user-centric design. Shibarium uses less RAM for animations by using CSS instead than JavaScript, making user interaction faster. Smart contract and API error handling improvements make transactions safer and more robust.
The update also shows Shiba Inu's dedication to blockchain accessibility. Shibarium wants to attract blockchain beginners and experts by simplifying the user interface and improving the user journey.
“We’re constantly making strides towards making blockchain more intuitive and powerful,” said Shibarium developers.
Shibarium's update is essential for staying relevant and satisfying users as blockchain technology evolves. The Shibarium team says these upgrades are part of a goal to improve the platform and build a strong community.
#SHIB $SHIB #Memecoins #bitcoinhalving
