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CoinQuest
CoinQuest
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Bitcoin's Price Forecast: Prepare for Sub-$50k Crash, $140 Billion at Risk🤯 Bitcoin's surge past $50,000, fueled by ETF inflows and an upcoming halving, hints at a looming correction. The TD Sequential indicator suggests a potential -10% downturn, historically preceding significant corrections. This could mean a substantial reduction in Bitcoin's market cap, possibly around $138 billion, with the total market cap dropping to $865 billion and Bitcoin's price around $45,000. Despite a remarkable 74% surge in recent months, the absence of FOMO suggests a lack of buying pressure, potentially leading to a downturn. Currently trading at $51,023, Bitcoin has seen a 3.39% decline in the past 24 hours and a 1.26% decrease over the week, contrasting with the 25.02% gains over the past month. While technical indicators remain bullish, only time will tell if the TD Sequential sell signal holds true or if Bitcoin continues defying expectations. $BTC #Write2Earn #TrendingTopic

about 7 hours ago
Kri
Kri
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As Bitcoin exchange-traded funds (ETFs) inflows pushed the Bitcoin (BTC) price above the $50,000 mark and Bitcoin halving on the horizon, there are indications that another price correction may be imminent.  As the TD Sequential indicator suggested, this potential correction could be significant, with a projected reduction of around -10% for the leading cryptocurrency. Specifically, the TD Sequential indicator has recently signaled a sell on the 3-day chart for Bitcoin. It’s worth noting that when this indicator signaled bearish conditions in previous instances, BTC experienced a price correction of approximately -10%, as highlighted in a post on X by cryptocurrency analyst Ali Martinez on February 21. This would mean a considerable reduction in maiden crypto’s market cap, which recently surpassed the $1 trillion mark. Implications from a slump in Bitcoin price and possible cause Given its prominent position in the cryptocurrency market and its interdependency with various altcoins, a potential -10% correction in Bitcoin’s price could result in substantial reductions.  Specifically, this correction would decrease BTC’s market capitalization by approximately $138 billion. Consequently, the total market capitalization would shrink to $865 billion, with Bitcoin’s price correcting to around $45,000. This potential slump in price can explained by that despite Bitcoin’s remarkable price increase of 74% over the past four months, the typical crowd fear of missing out (FOMO) often associated with such surges has been notably absent.  While there was undoubtedly heightened interest in BTC in the weeks preceding and following the SEC’s approval of 11 ETFs, the absence of new greed within the space can be interpreted as expecting a further price increase. Bitcoin price chart At the time of press, Bitcoin price today is trading at $51,023, reflecting a decline of -3.39% over the past 24 hours. This adds to the losses sustained throughout the week, totaling -1.26%. These recent declines contrast with the impressive gains of 25.02% achieved over the past month. Despite recent outflows and price reductions, technical indicators are unfazed, granting the flagship cryptocurrency a ‘buy’ rating based on 13 evaluations. Moving averages are even more optimistic, signaling a ‘strong buy’ rating in 12 instances. Meanwhile, oscillators indicate a ‘neutral’ rating in 8 cases. Only time will reveal whether TD Sequential’s sell sign proves accurate again or if Bitcoin defies this technical indicator and soars to new highs. #Write2Earn #btc $BTC

about 9 hours ago
Altcoin Daily
Altcoin Daily
CNBC Bitcoin Today: Chaos ERUPTS! Bitcoin Price to 150k?
about 1 hour ago
Trading Education2024
Trading Education2024
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SHHH🤫‼️New Pattern Identified⚡⚡ A Golden chance to recover your loss🏅 Check if your chart is eligible for recovery🔄 Have you ever wondered why the whole market crashes once every 2-3 months, You remember how the crash affected BTC taking it all the way down to 35 K, Do you still remember yourself losing plenty of trades even with proper SL & TP? SL hunt is common nowadays, So how do you get stopped out even after carefully placing the SL? Out of the total supply ,the majority of any coin is owned by exchanges ,large firms & crypto whales who control the whole movement of the coin ,SL hunting happens when any of them sell, this affects all small traders stopping them out,Here is how you can save yourself HOW IT WORKS❓ When whales sell, it will create a sudden price drop. You will sell the coin thinking that it will drop more, this is what the whales exactly want ,after they sell at highs, they are still waiting to buy the coin again at a much lower price. If you immedeatly sell you may miss the price hike on whale entries & lose profits WHAT TO DO❓ Never sell immediately on price drop /loss, the market always works on patterns ,the more you identify a pattern & play along, the higher the profit you will generate ,Incase of loss, there is always a hidden chance that can save you,Check the chart for any long pattern formation (around 3-6 days),if you find such pattern ,higher the chance that you might recover the loss & make profits PATTERN IDENTIFICATION,SELL/ HOLD❓ Shrink the chart & identify the long pattern, Do not sell if the price is travelling within the identified pattern range, Unless it breaks the pattern, there are high chances of price reversal/recovery, but if price breaks the pattern sell immediately & save the remaining money 🔥I have identified some long patterns which I think can help you recover your losses & give you significant profits. Check the below charts & recover now, You may use my limits for reference. Never trade unless you are confident with these charts🔥 #TrendingTopic #Write2Earn #strk #BTC

about 3 hours ago
Crypto Daily™
Crypto Daily™
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Nvidia, the world leader in AI computing, is expected to have a poor earnings report later today. With this news weighing heavily on traditional stock markets, will this also lead to a crash in the bitcoin price? A local top for bitcoin? Bitcoin is currently down around 3% from the yearly high of $53,000 that it made only yesterday. Could this have been the local top for bitcoin? Or is the impending expected bad earnings report for Nvidia (NVDA) going to be a nothing burger for crypto? A nothing burger it most certainly will not be. Bitcoin and crypto are still correlated to the traditional stock markets, and a crash here is definitely going to lead to repercussions in the crypto market. Nvidia earnings  It’s still not known how bad the Nvidia earnings report is going to be, or even if it will be particularly bad, but Nvidia has been one of the major factors driving the US stock market over recent years, and will be anticipated with some dread. Nvidia has performed spectacularly Source: Coingecko/Trading View The $NVDA chart is nothing short of spectacular. The stock has gone up thousands of percent to reach the nearly $700 it is before opening today. A pull-back that could even get back to the support of $500 is certainly on the table.  BTC/NVDA in bitcoin’s favour Source: Coingecko/Trading View Charting $BTC against $NVDA things do not look too bad at all for the king of the cryptocurrencies looking out into the future. A bottom could be in, and there looks to be a huge amount of upside that $BTC can make from here against the highest performing stock. Nasdaq breaks trend Source: Coingecko/Trading View Looking at the Nasdaq top 100 technology stocks, it can be seen that the upward trend could be breaking, and this will surely have something to do with Nvidia.  BTC not immune to pull-back Bitcoin is also obviously in the technology sector, and in recent years it has been quite closely correlated with the Nasdaq. In fact, technology (AI) and crypto have been the only two sectors that have outperformed over the last year at least, and it might be expected that this will continue into the future. Yes, there may be a dip in $NVDA, which will probably spill over into the Nasdaq and the stock market as a whole. Also, $BTC is not likely to remain resistant to a big stock market pull-back. That said, this is probably going to be a healthy correction, of which the extent still remains to be seen. For those in for the long run, it will likely just be another bump in the road, and there will probably be more of those to come. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

about 15 hours ago
Crypto Daily™
Crypto Daily™
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Today's crypto market showed exceptional volatility, as Bitcoin was wavering in its attempt to solidify its position above the $52,000 threshold. Meanwhile, Ethereum briefly grazed the $3,000 mark, only to experience a minor setback. This uncertain dance of numbers led to a cautious approach from investors, who seem to be riding a short-term buying wave amidst an underlying bullish momentum. Adding to the intrigue, Ethereum's imminent mainnet launch of the 'Dencun' upgrade in March is drawing more attention than Bitcoin. This upgrade, tested meticulously on testnets, is expected to significantly smoothen the path for Ethereum's contribution to a promising Web3 future, thus creating a bubbling anticipation within the market. Amidst this whirlwind, other major players in the crypto space like Polygon (MATIC) and Cardano (ADA) were not immune to the market's fluctuations. MATIC recorded a minor dip of less than 1%, whereas ADA took a steeper plunge, dropping over 3%. This contributed to the overall crypto market cap slipping to $1.96 trillion. In contrast to these established coins, the emerging ScapesMania (MANIA) is stirring up its own wave of anticipation. Although its presale stage has concluded, the crypto community is eagerly awaiting its coming Token Generation Event (TGE) and DEX listing, expected to open doors for a broader spectrum of crypto investors to engage with MANIA. Ride The Wave of Innovation with ScapesMania The ScapesMania public sale wrapped up, becoming the talk of the crypto community. The project managed to secure over $6,125,000 at an unprecedented rate and there’s a strong probability that the token's value might increase exponentially in the future. The spotlight has shifted to the Token Generation Event (TGE) coming up on February 25 – March 09. The pool of tokens is smaller than it was before, the conditions are better than the market average, so the chance to maximize your potential returns is quickly diminishing. Letting it slip now would be a huge waste, especially since your chance to join is only a click away. Your Last Chance to Boost Potential Returns Post Listing The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters while also ensuring a high level of community engagement. Through DAO governance, backers will be able to influence and benefit from a growing industry. Moreover, the token's utility is impressive. It's not another meme coin whose success relies heavily on trends and hype. ScapesMania ($MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. As a player in the multi-billion casual gaming industry, it leverages the market's growth potential. Post-debut, holders can anticipate greater liquidity and easier trading. A solid token management plan will further increase longer-term growth potential.  The community's excitement about the project is evident so far: the follower count has reached 60K+. Also, the growing interest from crypto whales with deposits of $20,000+ might expedite ScapesMania's transition from niche to mainstream. ScapesMania's smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the PancakeSwap listing is on the horizon, with CEX listings still in the works. ScapesMania is also notable for a great cliff vesting structure to prevent token dumping, making sure that supply and demand are well-matched for potential growth. Make sure you don't pass up the opportunity to leverage all discounts and potentially beat the market with the TGE fast approaching. Be quick if you want to be the first one in line for all the post-listing opportunities, which might be quite lucrative. >>> TGE ALERT – Keep Up With Latest News <<< Polygon (MATIC) Price Analysis Polygon (MATIC) recently displayed remarkable resilience in the face of market volatility, successfully reclaiming the psychologically significant $1 mark. This achievement came on the heels of a nearly month-long rally, during which MATIC initiated a robust recovery trendline. Polygon's (MATIC) journey began in late January with a bounce back from $0.722, exhibiting a V-shaped recovery that is often interpreted as a strong indication of buyer dominance. This momentum propelled MATIC's price by nearly 40% within a month, breaching the $1.01 mark and effectively surpassing both the $0.945 resistance and the 61.8% Fibonacci retracement level of the previous correction. Polygon (MATIC) Technical Outlook Technically, Polygon (MATIC) is currently positioned between the first support at $0.8784 and the first resistance at $1.0604, suggesting a delicate balance in market forces. Source: TradingView The Exponential Moving Averages (EMAs) indicate a positive trend, with the 10-day EMA at $0.9921 slightly above the 50-day EMA at $0.94, and both well above the 200-day EMA at $0.8651, reinforcing the bullish sentiment. The Commodity Channel Index (CCI) at 30.07 aligns with a burgeoning bullish scenario, and the MACD level at 0.0193, though modest, supports this view. The Relative Strength Index (RSI) at 51.95 is hovering around the midline, suggesting a neutral market sentiment. However, the Stochastic %K at 67.26 points to a slightly overbought condition, while the Average Directional Index (ADX) at 25.21 indicates a lack of strong trend. Polygon (MATIC) Price Forecast In the bullish scenario, if MATIC maintains its foothold above the newly established support-turned-resistance level of $0.9458, we could witness a further ascent towards $1.0604, and potentially challenge the higher resistances at $1.1212 and $1.3032. The key to this scenario lies in the sustenance of buyer momentum and Polygon's (MATIC) ability to withstand any negative spill-over effects from Bitcoin's movements. Conversely, in a bearish outcome, if MATIC succumbs to the selling pressure, particularly influenced by Bitcoin's performance, it might retest $0.8784. A breach below this level could see the coin drift towards the lower supports at $0.7572 and $0.5752, potentially erasing the gains accrued in the recent rally. Cardano (ADA) Price Analysis Recently, Cardano (ADA) was on a path to potentially reclaim its previous support levels above the $0.65 mark. Despite a sluggish recovery over the past month, ADA's bullish momentum remained underpinned by active participation. Analyst Ali Martinez, a well-known figure in the crypto market, drew parallels between Cardano's (ADA) current chart patterns and those observed during the 2020 pandemic-triggered crypto market crash. Martinez's analysis suggested that if ADA replicated this 2020 pattern entirely, it could enter a consolidation phase that would last until April 2024. Consolidation is a phase where the cryptocurrency stagnates between two levels as the market exhibits indecision about its long-term direction. Cardano (ADA) Technical Outlook From a technical standpoint, Cardano (ADA) is currently trading between its first support at $0.544 and first resistance at $0.662. Source: TradingView The EMAs for 10, 50, and 200 days are $0.611, $0.597, and $0.551 respectively, suggesting a tussle between short-term volatility and longer-term stability. The RSI at 41.2, combined with a low Stochastic %K of 16.5, points towards potential undervaluation, signaling room for an upward price movement. However, the CCI at -246.4 and a negative Momentum of -0.028 imply bearish pressures. The ADX at 26 indicates a lack of strong trend, aligning with Martinez's consolidation theory. Cardano (ADA) Price Forecast In a bullish scenario, if ADA's patterns align closely with those from 2020, there's a chance for a significant upward trend, potentially reaching the $0.704 and $0.812 price levels. In the long run, Cardano (ADA) can even hit the elusive $8 mark for the first time this year, as per Martinez's analysis. Conversely, the bearish outlook is fueled by the current negative market sentiment, as highlighted by on-chain data. The overall crypto market, including ADA, is experiencing a more negative crowd sentiment than historical averages, as reported by Santiment. In this case, Cardano (ADA) could experience a downturn, pushing it to retest the next defense lines at $0.488 and $0.38. Bottomline In today’s volatile crypto market, Polygon (MATIC) and Cardano (ADA) have each charted their unique courses.  MATIC, demonstrating resilience, recently rebounded impressively, surpassing key resistance levels and showcasing strong bullish indicators in its technical analysis. The path ahead for Polygon (MATIC), though optimistic, isn't without potential pitfalls as it navigates the ebb and flow of market forces and Bitcoin's influence.  Meanwhile, ADA, currently fluctuating between significant support and resistance levels, faces a critical juncture. Cardano's (ADA) journey could mirror its 2020 pattern, potentially entering a prolonged consolidation phase, yet there's still room for an upward trajectory if market sentiment shifts. As investors and traders weigh these analyses of MATIC and ADA, the crypto market continues its unpredictable move, with each coin carving out its destiny in this dynamic financial landscape. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

about 16 hours ago
Binance OTC
Binance OTC
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  After passing $51,000 last Wednesday, Bitcoin encountered strong resistance at $53,000 and is currently trading sideways in the $51,000 to $53,000 range. While Bitcoin struggles to gain another leg up, the altcoin space is brimming with strong performers. The recently released text-to-video model Sora by OpenAI reignited market interest in artificial intelligence (AI). Worldcoin ( $WLD ), founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania, is one of the winners following the product's release. Sam Altman is also the CEO of OpenAI. WLD prices increased from $3.50 to $7.80 in only four days following the introduction of Sora. Livepeer ( $LPT ) has also benefited from Sora's introduction. Livepeer is a decentralized live video streaming network protocol that leverages decentralized technology to provide a viable alternative to traditional, centralized broadcasting methods. LPT's market capitalization nearly tripled in two days following the news, and it now trades at $15.Prom ($PROM) also had a volatile week, with a more than 90% increase in a few hours after DWF Labs CEO Andrei Grachev publicly confirmed his personal investment in the project. Prom is a gaming non-fungible token (NFT) marketplace and rental platform that allows for uncollateralized rentals of NFTs and mortgage services. Overall Market The above chart shows the BTC price movement since December 2021.As we discussed last week, BTC faces significant resistance above $53,000, as shown by the red zone. If BTC overcomes this resistance level, there will be no significant resistance until it reaches $59,000. As a result, the bears will try to defend this resistance level as much as they can.While BTC has been trading sideways over the last few days, inflows from Bitcoin spot ETFs remain strong. A constant $300 to $500 million in net inflows to Bitcoin ETFs per day demonstrates the high demand from investors for risk exposure to bitcoin.However, the Bitcoin price has increased by 35% last month, rising from $38,500, the lowest level since the FTX bankruptcy estate liquidated $1 billion of GBTC, to $52,000. It's not surprising that investors and traders are rotating their capital from Bitcoin to other altcoins. This capital rotation is completely normal given BTC’s significant price movement. The above chart shows the ETH/BTC price movement in the last two weeks. After Bitcoin surged and passed $51,000 last Wednesday, our desk noticed a strong demand for Ethereum. In the last seven days, the ETH/BTC price has increased from 0.0531 to 0.0572, with ETH outperforming BTC.Our desk expects this upward trend in ETH/BTC to continue in the coming weeks, as the ETH network will have the long-awaited Dencun upgrade in March.Another factor contributing to the ETH price's outperformance is the potential approval of an Ethereum spot ETF. Currently, the market expects the SEC approval in May. Options Market The above table shows the at-the-money implied volatility for BTC and ETH options with different expiries.While the implied volatilities for BTC options are all above 50%, they stay at the same level as last week. On the other hand, the implied volatilities for ETH options are around 60%, except for the 30-day expiry one.With a large difference in IVs between ETH options and BTC options in the front end, it seems options traders are buying ETH options and pushing the options in the front-end tenor to be higher. It signals that a potential large movement in ETH price in the next few days is priced in the options market.It will be interesting to monitor the IV on ETH near-term options and see if it retraces to the normal range soon. As the bulls failed to hold their ground and keep the ETH price above the $3,000 critical level, our desk expects to see both bulls and bears push forward and crash on the other side.Given the high IVs on ETH front-end options, selling covered calls and covered puts can yield nice returns. For example, selling an ETH-3000 call expiring March 1 will collect an 86.4 USDT premium, a 119% annualized yield, with a spot reference of 2940 USDT. Macro at a glance  Last Thursday (2024-02-15)In January, US retail sales fell 0.8% month on month, more than the expected 0.2% drop. The retail sales growth rate in December was revised to 0.4% from 0.6%. Core retail sales fell 0.6% on a monthly basis in January, compared to the expected 0.2% increase.US initial jobless claims remained in the low range, with 212k new claims reported last week, slightly exceeding the expected 219k.British retail sales increased by the most in nearly three years in January as consumers regained their appetite for spending, implying that the economy could recover more quickly than expected from its recession in the second half of last year. Retail sales increased by 3.4% in January, far exceeding the estimated 1.5% increase and December's 3.3% decrease.Last Friday (2024-02-16)The US PPI increased by 0.3% on a monthly basis in January, surpassing both the previous month's -0.1% and the estimated 0.1% increase. The rising PPI will put upward pressure on inflation and could lead to a later rate cut by the Fed.According to Statistics Canada, Canada's CPI fell to 2.9% year on year in January, down from 3.4% the previous month. This reading came in lower than the market's expectation of 3.3%. On a monthly basis, the CPI remained unchanged, despite the expected 0.4% increase. The annual Core CPI increased by 2.4% during the same period, down from 2.6% in December.  The disinflationary numbers in Canada raise the possibility of an early rate cut by the Bank of Canada.On Tuesday (2024-02-20)China's central bank cut the 5-year loan prime rate by 0.25 basis points to 3.95%, while leaving the 1-year rate unchanged at 3.45%. This rate cut is regarded as the latest effort to relieve pressure on the country's struggling real estate market. Convert Portal Volume Change The above table shows the volume change on our Convert Portal by zone. This week our desk observed massive trading demand on AI and Fan Token zones. The impressive 374.5% volume increase in the AI zone is mainly due to the strong demand for Worldcoin ( $WLD ). The newly released OpenAI product Sora renewed the market's enthusiasm for Worldcoin, an iris biometric cryptocurrency project founded by Sam Altman, OpenAI's CEO.The trading volume in the Storage zone also doubled. The main drivers of increased demand are Arweave ($AR) and Filecoin ($FIL). Filecoin ($FIL), a peer-to-peer file storage network, announced on Sunday that it will collaborate with smart contract platform Solana (SOL) to develop decentralized blockchain storage solutions. The announcement caused Filecoin to rise from $5.8 to $7.4 in three days. Why trade OTC?   Binance offers our clients various ways to access OTC trading, including chat communication channels and the Binance OTC platform (https://www.binance.com/en/otc) for manual price quotations, Algo Orders, or automated price quotations via Binance Convert and Block Trade platform (https://www.binance.com/en/convert) and the Binance Convert OTC API.  To access manual price quotations, you may visit our Binance OTC platform (https://www.binance.com/en/OTC-Trading/spot), where you can RFQ (request-for-quote) and trade directly with our OTC trading team via a live chat. To utilise our Algo orders features, you may visit our BinanceAlgo Orders platform (https://www.binance.com/en/OTC-Trading/AlgoTrading).  For any other inquiries on OTC trading, please reach out to us via our email at trading@binance.com for our trading desk to get in touch with you and get started.  OTC trades may also be automatically quoted on Binance Convert and via API, offering users a quick and simple way to execute trades across 60,000+ pairs with one simple click. Binance Convert supports over 350 tokens listed on the exchange including fiat pairs. Begin trading from as little as 1 USD. To start, simply navigate to the Binance Convert & Block Trade platform (https://www.binance.com/en/convert), select the coins you wish to trade, preview and confirm the quote with settlement reflecting almost instantly in your wallet balance. For details and access to Binance Convert OTC API, please refer to our Convert Endpoints (https://binance-docs.github.io/apidocs/spot/en/#convert-endpoints) and reach out to us at trading@binance.com if you have any questions or require assistance. Visit Binance OTC (https://www.binance.com/en/otc) for more information on our OTC products and solutions.  Experience the main benefits of Binance Convert and OTC Trading:  Fast & Competitive Pricing Instant settlement Widest availability of coins Bespoke service with unique market insights Zero fees and slippage  Email: trading@binance.com  Join our Telegram (https://t.me/BinanceOTC) to stay up to date with the markets!

about 17 hours ago
Voice Of Crypto
Voice Of Crypto
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  • Worldcoin has experienced a remarkable 200% price increase over the past week and an impressive 322% surge over the last year. - Concerns arise as Alameda holds 25 million tokens, potentially leading to a crash in price. - Volatility is anticipated even in the medium to long term, signaling a need for cautious investment strategies. Following a staggering rally of 322% over the past year and approximately 200% in just a week, Worldcoin (WLD) Token has experienced a slight bout of profit booking. Adding to potential concerns for WLD Token holders is the revelation that bankrupt Alameda Research holds a significant 19% share of the total token supply. Should the courts compel Alameda Research to sell, there's a possibility of the entire 25 million tokens being offloaded, mirroring a similar scenario with BitDAO. Worldcoin's Remarkable Price Rally A glance at Worldcoin's one-year chart reveals a predominantly bearish trend in the latter half of 2023, with a failed rally starting in late November of that year. However, the current surge from $2.1 to $7.8 commenced around February 7, 2024, coinciding with news of Sam Altman's pursuit of $7 trillion funding for his semiconductor-based microchip venture. The cryptocurrency has seen a remarkable gain of 188% within a month and approximately 140% within a week as of press time. The Catalysts Behind Worldcoin's Surge The substantial rally in Worldcoin can be attributed to two significant factors. Firstly, its daily wallet users surpassed 1 million on February 17, 2024, as announced by Worldcoin's X account on the same day. A closer examination of user growth illustrates a steady increase since the previous year, despite regulatory challenges from investigative authorities in various countries due to concerns over iris scans. Further investigation revealed that Sam Altman's new business venture played a pivotal role. The billionaire and co-founder of OpenAI intends to raise $7 trillion in funding for a chip development and manufacturing company poised to compete with industry giants like Nvidia, Intel, and Qualcomm. This venture even aims to rival Neuralink, backed by Elon Musk, known for its development of bionic chips. Notable Caution for Buyers During the current press time, Worldcoin exhibits early signs of profit booking, with a 5% decline compared to the previous 24-hour period. Given that only 1.31% of the total Worldcoin (WLD) token supply is in circulation, equivalent to 131 million tokens out of 10 billion WLD tokens, caution is warranted. Moreover, the presence of 25 million Worldcoin tokens in the possession of bankrupt Alameda Research presents additional cause for concern. Should You Consider Buying? At present, we advise users to exercise caution regarding this cryptocurrency. Even for those inclined to take high risks, we recommend refraining from heavy investment. Two primary reasons support this recommendation. Internally, Worldcoin (WLD) token holds over 98% of its total token supply in reserve, raising the possibility of founders supplying tokens to the market for quick profits. Externally, the threat lies in the potential scenario where bankruptcy courts mandate Alameda Research to sell its stake, likely resulting in a significant price crash. Even if a gradual selling scheme is imposed, the token price could remain suppressed. Disclaimer: While Voice of Crypto aims to provide accurate and current information, it disclaims responsibility for any missing facts or inaccuracies. Given the high volatility of cryptocurrencies, it is imperative to conduct thorough research and make informed financial decisions. #Worldcoin #Wld #Crypto2024 #cryptocurrency $WLD
about 20 hours ago
无界俱乐部
无界俱乐部
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[Club Without Borders: Flash Crash After New Highs] Yesterday, BTC and ETH both reached new highs. BTC exceeded 5.30,000, and ETH also exceeded 3,000. However, after these two tokens broke through, the market suddenly experienced a flash crash. Altcoins generally fell by 5%, showing a Blood sucking quotes. Grayscale's currency selling is still ongoing. In this wave, about 3,000 pieces of pie were sold. Although the quantity is not large, the currency selling will not end for a day, and the market will still be suppressed by the selling pressure of currency selling. Judging from the data on the chain, the transaction volume on the chain is not very good, but the optimism is: the price of ETH is gradually rising. Only when ETH rises can we see various new ecological explosions on the chain. In terms of Binance’s new currency, PIXEL was officially launched the day before yesterday. The token rose sharply. At its peak, it was about to exceed 0.7. However, due to the plummeting market, the current performance is not very good. The price has reached around 0.52. The club predicts: around 0.5 PIXEL is a target that you can try to buy, because the current returns of Binance launchpool are very good, so there may still be a possibility of PIXEL pulling the market tomorrow, or later today. Another Binance new coin: STRK, was officially launched on Binance yesterday, and the trend of the listing was also very beautiful. However, it then experienced a big decline. If the market opens, everyone’s cost should be around 2.3, but The drop was still very fierce, with the lowest reaching 1.85. The reason for the drop was still due to airdrop shipments. Club prediction: If STRK falls below around 2, it should be a good opportunity. In terms of airdrops, the project I highlighted before: QnA3, released a growth tweet early this morning to introduce some of its airdrop details. QnA3 is a project that has been in development for a long time. It is also a project that has been supported by Biance Labs for a long time. It is a project that has a great opportunity to log into Binance Launch. The airdrop details are announced this time. The airdrop is expected to be launched soon. Congratulations on participating. Arrived partner.

about 22 hours ago
CoinQuest
CoinQuest
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Rational Bitcoin Price Prediction for This Cycle, According to Trader Who Called May 2021 Collapse🤯 The trader who accurately called the May 2021 crypto market crash is predicting a price pattern for Bitcoin (BTC) in the current market cycle using a model with historical reliability. Pseudonymous analyst Dave the Wave tells his 145,100 followers on the social media platform X that he expects Bitcoin to continue to trade within the upper and lower bounds of his version of the logarithmic growth curve (LGC). The LGC is an investing model that aims to forecast Bitcoin’s market cycle highs and lows while filtering out short-term volatility. According to Dave the Wave, it makes much more sense for Bitcoin to continue trading within the LGC in the long term as opposed to invalidating the model that has stood the test of time so far. “The speculators in this space can roughly be divided into those that believe in diminishing returns and those that don’t. Adherents to the DM (diminishing marginal returns) principle would roughly agree that price will track the channel as sketched in the first chart. Those rejecting the principle see price transgressing it as in something like the second chart, and possibly breaking to both sides. The first seems a lot more rational to me for at least it has something empirical and historical to go on.” The analyst first shares a chart suggesting that BTC will print higher highs and higher lows over the years while trading inside the LGC. Dave the Wave’s second chart shows BTC breaking above the upper bound of the LGC before witnessing a steep corrective move that sends the crypto king below the lower bound of the model. The trader also uses the Fibonacci extensions to predict a $180,000 price target for BTC in 2025. Fibonacci extensions are used in technical analysis to estimate profit targets and price pullbacks. They are based on Fibonacci ratios. “BTC Fib extension gives target of $180,000.” Bitcoin is trading for $51,966 at time of writing. $BTC #Write2Earn #TrendingTopic #AmanSaiCommUNITY

about 23 hours ago
Trading Education2024
Trading Education2024
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WARNING🚨Never fall for this trap ‼️‼️ Always check this each time before you trade I hope everyone is well aware about the recent crash in the crypto market which took down $BTC to 35,000 $ giving a massive loss to all investors. The whole market was down by 20-30% with all tokens dropping significantly ,Many traders had losses which were too far from recovery. Now the market is repeating the cycle once again. Here is what you can do to avoid losses & earn significant profits. 🌐 Always make sure to check the market trend before deciding to take a position. 🌐Never go against the market trend ,even if you clearly see a different trend on the individual chart ,going against the market trend will definitely result in loss, check the market trend for additional confirmation before placing the trade. 🌐If the market shows a normal trend follow the trend of the respective charts, if market occupies a specific trend , strictly consider market trend above any individual chart trends. 🌐 When the market is bullish ,avoid trading on bearish patterns ,since the market & the individual chart patterns are opposite, this creates an uncertainty in the price movement. Taking positions on such charts might lead to loss. 🌐 Identify charts with continuous/smooth patterns ,trading on high volatile tokens may initially have favourable price movements, but there are high chances that they hit your SL before moving in the desired direction. 🌐 Strictly maintain your SL & never try to catch trades on trend reversal. If the market is bearish ,only 'sell' ,never 'buy'. 🌐Be aware of the false breakouts that occur reversing the direction of the priceflow, Do not enter the trades immedeatly, Turnaround or Price reversals are only possible when the whole market trend tends to reverse. Bonus Tip💡 In case of sudden change in market trend, take as less trades as possible, Use SL slightly more than usual to protect yourself from high price fluctuations in the changing market. #TrendingTopic #Write2Earn #priceprediction #RiskManagement

1 day ago
Cointelegraph
Cointelegraph
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Bitcoin (BTC) experienced a sharp correction on Feb. 20, sinking as much as 4% from an intra-day high of $53,019 to a low of $50,812, threatening to wipe out the gains of the past seven days. This pull-back led traders to re-evaluate the general condition of the crypto market, initiating a debate on whether the altcoin season (altseason) is here. BTC/USD daily chart. Source: TradingView What’s behind the Bitcoin price pull-back? Traders and market analysts believe the ongoing price crash is a part of the 5 phases of the Bitcoin halving cycle and that BTC might be experiencing a pre-halving retrace before entering a widely expected post-halving parabolic uptrend. Crypto trader and analyst Rekt Capital shared the following chart in a Feb. 15 post on X saying that Bitcoin has “one last Pre-Halving Retrace left” before resuming the uptrend. #BTC There is only one last Pre-Halving Retrace left (dark blue circle) $BTC #Crypto #Bitcoin pic.twitter.com/Q6qF1ieEEL — Rekt Capital (@rektcapital) February 15, 2024 Independent market analyst Sjuul noted funding rates were high for BTC warning traders to “expect some correction across the board.” “In my opinion, it's the buy-the-dip opportunity we are all looking for.” Market intelligence firm Santiment pointed out significant moves in “mid-tier traders often work as excellent signals for” profit taking and “dip buys.” “In the past 2 weeks, #stablecoin holders with $10K to $100K: Added $44.3M in $USDT.” This is an indication that they could be getting ready to buy the dip in case of a pullback. USDC and USDT 10K-100K supply holdings. Source: Santiment Bitcoin versus altcoins Altcoins have displayed great performance over the last 12 months, posting double and triple-digit gains, with some outperforming Bitcoin. Some of them have demonstrated better performance on shorter timeframes. According to data from CoinMarketCap, Bitcoin has rallied 107% over the last 12 months, Solana (SOL) has gained 308%, Avalanche’s AVAX 80%, and Chainlink's (LINK) 136%. The latest data from on-chain analytics firm Glassnode shows that while “BTC and ETH are leading the pack, with year-to-dat gains of 17.6% and 18.2%, respectively,” Bitcoin’s year-to-date performance surpasses aggregate altcoin market cap. Glassnode analyst Alice Kohn said, "the aggregate Altcoin market cap has not experienced the same performance, with YTD growth being less than half of the two majors.” Bitcoin vs. Altcoin market cap YTD performance. Source: Glassnode Glassnode notes that although Ether (ETH) began to outperform BTC following the approval of the spot Bitcoin ETFs in January, its performance fell below Bitcoin’s on Feb. 8. According to Glassnode, the performance of digital assets can also be tracked by using Realized Cap for each sector, a metric that “aggregates the cost basis value of all coins transferred on-chain.” Glassnode notes that Bitcoin continues to display dominance seeing approximately “$20B in capital inflows per month at present.” As the chart below highlights, Bitcoin’s dominance has continued to grow with a 1000% surge in relative market cap since October 2023. Market realized value next capital change. Source: Glassnode “It is evident that capital moves down the risk curve into Altcoins at a slower pace compared to the rotation between the two major cryptocurrencies, a trend which appears to be in play once again,” notes the report. “Bitcoin continues to lead with over 52% market share of the total digital asset market cap.” Related: Bitcoin holdings on Coinbase reach lowest level since 2015 as whales withdraw $1B BTC How close is altseason? On Feb. 18, independent analyst Stockmoney Lizards told his followers on the X social media platform that he believes “many #Altcoins are about to skyrocket in the next #Altseason.” The analyst shared a chart showing that the altcoin market cap had scaled above a significant support area and entered into a bull run similar to the 10x returns experienced in 2021. “We are close.” Many #Altcoins are about to skyrocket in next #Altseason. We are close. pic.twitter.com/1uvRQdWqzU — Stockmoney Lizards (@StockmoneyL) February 18, 2024 Even though some signs are there, it may still be too early to confirm the altcoin season. Glassnode’s altseason indicator has shown positive momentum since October last year and turned positive on Feb. 4 after taking a pause during the sell-the-news event triggered by the Bitcoin ETFs approval in January. Altcoin season indicator. Source: Glassnode Interestingly, the indicator has remained positive since then, an indication that the market is now in a risk-on mode, showing the confidence that the investors have in the altcoins right now. Data from Blockchain Center shows that only 59% of the top 50 altcoins have outperformed BTC during the last 90-day period. Although this index has been increasing over the last few days, it is still not enough to declare an altcoin season. For an altseason to be declared, this percentage has to move above 75%. Altcoin season index. Source: Blockchain Center Glassnode concludes, “our Altcoin Indicator suggests a more mature and possibly sustained uptick in Altcoin markets, however, it remains relatively concentrated in higher market cap assets at this time.” This means that signs of an altcoin season as starting to merge, but it might be too early to make the call. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

1 day ago
ZyCrypto
ZyCrypto
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In their usual fashion, market analysts are making bold price predictions for crypto assets, especially altcoins, at this time. Cardano (ADA) is one such asset poised to make an upward price correction in the long term. The analyst, Ali Martinez, a prominent market observer and crypto investor, has outlined his observations and expectations for the 8th most-valued digital currency by market cap. In a recent post shared with X, the analyst highlighted a chart pattern that seemed to be a repeat of a pattern spotted in 2020, when the pandemic triggered a crypto market crash that caused ADA to experience a noticeable price dip. If ADA imitates this pattern entirely, the asset could remain in a consolidation phase for the next four months, says the analyst. “Should the patterns align and Cardano mirrors its late 2020 price behaviour, we can anticipate ADA to remain in a consolidation phase until April 2024, setting the stage for its next bull rally!” — Ali Martinez. Notably, consolidation happens when a cryptocurrency stagnates and trades between two levels. At this point, the market tends to suggest indecisiveness on where the asset is headed in the long term. When the asset eventually breaks upwards or downwards, it puts an end to the consolidation phase and introduces the beginning of a new trend. ADA can sustain a bullish momentum if the patterns from 2020 are perfectly consistent with its current pattern and could result in ADA tapping $8 for the first time this year, the analyst added. For context, ADA is positioned on its way to reclaiming previous support levels over the $0.65 price point as well. Although the asset has had a rather slow recovery over the past month, ADA bulls have remained active. Meanwhile, at press time, ADA is trading for $0.6. Bulls have a long way to go as weekly, daily, hourly, and monthly losses continue to pile up. Meanwhile, on-chain data sheds light on market sentiments amongst investors and traders. According to on-chain metrics, crypto market caps lack the usual growth traders have been accustomed to since the bull cycle kicked off in October. This has stirred up a bearish sentiment that has spearheaded crypto discourse this week. Cardano (ADA) and five other assets are all uniformly in a more negative crowd sentiment range than historical averages. As Santiment further explains, “This is the first time in over 6 months that this has occurred. When traders become concerned and show FUD across multiple large assets, it is a signal that market caps have a higher likelihood of seeing an impending bounce. Markets historically move in the direction of the crowd’s least expected direction, making a rise catch many short traders off guard.”

1 day ago
White Star Invest
White Star Invest
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Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) have continued to attract investor attention since the crash in May 2022. LUNC's price has remained low since then, and USTC has remained below $1. In this blog post, I will propose a new solution to save LUNC: closed-loop burning and USTC peg. How the System Works: USTC Peg: Binance can maintain the peg by selling USTC at a fixed price of $1. Closed-Loop Burning: Binance can reduce the supply by burning the USTC it sells. This burning process can be funded by a 1.2% tax on each transaction. LUNC Burning: Burning LUNC to mint USTC can also reduce the LUNC supply. With the current burn rate (0.5%), approximately 100 million LUNC are burned daily. Advantages of the System: Can increase LUNC price Can peg USTC to $1 Can increase investor confidence in both cryptocurrencies Disadvantages of the System: Can reduce Binance's profits Can affect liquidity Can lead to speculation Feasibility of the System: The feasibility of this system is uncertain. #Binance needs to have enough USTC and LUNC to implement this system. In addition, the long-term sustainability of the system is also important. Columbus-5 Network: The system I described can reactivate the USTC peg algorithm, the Columbus-5 network, which collapsed in May 2022. Not Investment Advice: This information is not investment advice. It is important to do your own research and consider the risks before investing. Community Reactions: The LUNC and USTC communities have mixed reactions to this system. Some investors support the system, while others argue that it is risky and will not work. Supporters' Views: They believe that the system will increase the price of LUNC and peg $USTC to $1. They argue that thesystem will increase investor confidence in both cryptocurrencies. Opponents' Views: They believe that the system will reduce Binance's profits and affect system can lead to speculation. Conclusion: Closed-loop burning and #ustc peg can be a potential solution to save $LUNC . However, the feasibility, sustainability, and regulatory compliance of the system are uncertain. Investors should do their own research, consider the risks, and consider the different views of the community before investing in this system. Note: This information is not investment advice. It is important to do your own research and consider the risks before investing. Updates: Burning rates updated: 0.5% for #Lunc 1.2% for USTC. More information added on Binance's role and technical challenges. More details added on community reactions and advantages and disadvantages of the system.

1 day ago
Kri
Kri
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The cryptocurrency market went red on February 20, while Bitcoin (BTC) revisited the bottom of its current range. In the meantime, some cryptocurrencies still show an overbought status, which could indicate a sell signal. Bitcoin has been trading in this range since February 14, after breaking the $50,000 psychological resistance. On February 20, BTC made new highs at $52,985, just to immediately retrace to the bottom of the range. Notably, this movement weakened other cryptocurrencies that were trending upwards but might set a trend reversal. Sui Network (SUI) is overbought In particular, Finbold spotted an overbought JasmyCoin (JASMY) at CoinGlass’s weekly Relative Strength Index (RSI) heatmap. The JASMY token currently has the highest daily RSI in the market, creating a relevant sell signal at these prices. As of writing, JasmyCoin is trading at $0.0099, up 54.24% in seven days but with a 77.49 overbought weekly RSI. Moreover, it also shows an overbought status in the daily and 4-hour time frames, with 88.05 and 81.47, respectively. Today’s overall retracement could trigger a massive correction for JASMY after this overextended bull run. Sell signal for Frontier (FRONT) Another highly overbought cryptocurrency is Frontier (FRONT). The token has a 79.39 weekly RSI, trading at $0.54 and up 6.98% by press time. This is the highest 7-day Relative Strength Index. Interestingly, FRONT has a notable divergence between its weekly status and the short-term indicators. Excluding the 71.1 daily RSI, the lower time frames are losing momentum, signaling a trend reversal. Navigating these trend indicators is crucial for investors looking to buy and sell signals. Nevertheless, having an overbought RSI does not guarantee a price crash or trend reversals. The cryptocurrency market is highly volatile, and projects usually respond aggressively to news and relevant events. Thus following leading indicators such as Bitcoin, the stock market, or other financial products. #Write2Earn

1 day ago
Crypto Ahmet
Crypto Ahmet
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🔥💥Cathie Wood supported Elon Musk, Musk shared a post. What's happening! 😳 Cathie Wood, CEO of ARK Invest, one of the companies that launched the #Bitcoin ETF, came out in support of Elon Musk, who wants to move Tesla's headquarters to Texas. Musk responded by sharing Wood's video. Elon Musk, CEO of Tesla, one of the largest electric vehicle manufacturers in the world, severely criticized the “compensation package decision” received by the Delaware court, while #ArkInvest CEO Cathie Wood received support. "Musk is one of the renaissance people of our time...” Cathie Wood, who participated in a publication of Yahoo Finance from the US media, said that the Delaware court's rejection of Musk's $ 56 billion compensation package was an unfair decision and used the following statements: “The decision taken is a decision against investing, which is one of the most important elements of America. Tesla ignores the board of directors and shareholders. Musk is one of the most important and visionary people of today, one of the renaissance people. It is not right to impose obstacles on such people.” As it is known, in 2018, a Tesla shareholder stated that Musk's compensation package was unfair and filed a lawsuit. This month, a Delaware court judge ruled that Musk's compensation package was unfair and exaggerated. Musk, on the other hand, decided to move the headquarters of Tesla and SpaceX to Texas after this decision. He shared Wood's video without comment Musk, who shared the video of Wood supporting him from the X account, drew attention to the fact that Musk did not comment. Tesla had sold $900 million worth of Bitcoin after the price drops that came after the Terra LUNA crash in 2022. The company still has Bitcoin worth close to $ 500 million in its hands. ARK Invest is also known for its Tesla shares, which it holds a significant number of. #elonMusk #binance #Tesla

1 day ago
CryptoNewsLand
CryptoNewsLand
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JASMY sees a about 25% surge in the last 24 hours, sparking community enthusiasm. Wolf of Memes Street predicts JASMY hitting $0.30, backed by Japan’s web3 VC focus. JASMY’s rally mirrors VET and VTHO’s recent impressive performances. In a sudden rally, JasmyCoin‘s native token, JASMY, has witnessed an impressive surge, making significant strides in the last few weeks. According to CoinGecko data, the token has experienced a remarkable uptrend, with a 12.1% increase in the last hour, a notable 25% spike in the last day, and an astounding 75% surge over the past two weeks. The momentum extends to the monthly chart, where the asset has soared by nearly 100%. #JASMY is much closer to $0.01. Smashing and upward from here as Japan is prep for web3 VC investors. More than $0.5b in volume. Get ready for $0.30 pic.twitter.com/KPqQ1DcyRj — The Wolf of Memes Street (@Web3Senator) February 20, 2024 Enthusiastic members of the JASMY community are expressing delight over this unexpected surge, anticipating a bullish trajectory for the asset. Notably, influential crypto enthusiast Wolf of Memes Street sees this as just the beginning, predicting that JASMY is on the verge of surpassing $0.01 Drawing parallels with Japan’s preparations for web3 venture capital investments, Wolf of Memes Street suggests that the asset’s rally has more room to grow, targeting $0.30. With an impressive trading volume exceeding $0.5 billion, the JASMY community remains optimistic about further price appreciation. However, the ultimate extent of this surge remains uncertain, leaving it to time to reveal the true potential of the asset. This sudden price movement echoes recent notable performances in the crypto market, such as VET and VTHO’s surges in the prior week. VeChain’s VET recorded a 30% increase, while VTHO outperformed with a remarkable 100% surge. The crypto community is now speculating on which assets might surprise with significant movements after a period of relative silence and slow market activity. The XRP community is particularly hopeful, expecting a similar surge for XRP in the near future. Read Also Solana’s Surging User Count Sparks Optimism: What Comes Next? Despite the FTX Crash, Bitcoin Is Unstoppable Ex-Alameda CEO Escapes Serious Allegations, To Bail $250K Shiba Inu’s Shibarium Unstoppably Achieves Continuous Milestones Shib’s Unstoppable Rally: 7 Days of Unprecedented Gains, Are You Ready for Shibarium Boost? The post Jasmy Pump Unstoppable, Surges Over 25% and Counting in 24 Hours appeared first on Crypto News Land.

1 day ago

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