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CryptoManiac007
CryptoManiac007
followers

CEFI VS DEFI :- let’s end the debate 🚀🚀 So there is always a debate going on which is best cefi or defi ? So in this post we will look into positives as well as drawbacks of Both so that you can yourself decide which is best Let’s start with The defination CeFi or centralized finance is a concept that has been in the use for many years in this a centeralised agency such as bank facilities any kind of transaction that you perform and also holds custody over your money. Same with Centeralized exchanges they are just like traditional Stock market exchanges Your exchange helds your funds and helps you in trading and use other crypto features Positivies :- 1. Your funds are more safer here . 2. features such as simple crypto transfer 3. More ways to purchase crypto 4. only genuine cryptos are listed. 5. Easier to use Negatives :- 1. Risk from any regularity actions 2. Your funds are not in your hands DeFi - Decentralized finance is much newer then Cefi . In this transactions happen between Peer to peer and there Are no mediators just like buying and selling anything from a buyer for money in form of crypto , cash :) Dex are based on decentralized mechanism and people get total control over there funds. They can buy or sell Even after being anonymous. Dex is like wallets , Decentalized exchanges Features :- 1. control over funds 2. You can trade even being anonymous 3. More profits as u have to pay lesser fees 4. Peer to peer transactions negatives :- 1. lesser security as compared to cex 2. Even scam projects are there 3. Lesser features as compared to cex 4. Hard to understand and use So here we have given a complete breakdown on Dex vs Cex , And please tell us in comments whixh one do you like 😊 #DeFiCeFi

about 4 hours ago
Top Crypto Small-Cap Movers: BLS -23.84%, BNANA -18.04%, D2T -11.93%, AITECH -10.73%, ROTTO -10.28%
MinMax AI
MinMax AI
about 10 hours ago
Crypto market
Crypto market
followers

What Makes Crypto Go Up and Down? Markets Explained What makes crypto go up and down? When will crypto go back up? Here’s a brief explanation of how crypto markets function. RELATED TOPICS Blockchain Cryptocurrency DeFi DEX Finance Market Insights Trading like any other goods people trade. Generally speaking, if the demand outpaces the supply, the value increases.  Most cryptocurrencies implement mechanisms to limit supply and prevent inflation. For instance, Bitcoin (BTC) is designed to have a fixed maximum supply (21 million BTC), after which mining more becomes impossible. Demand depends on the number of people investing in crypto. As interest in cryptocurrencies and crypto investments grows, so does the demand, driving the value up.  Similarly, if investors consider the investment too risky, they may pull out and reduce the demand, causing a drop in value. If you’ve ever asked yourself, “Why is the crypto market down this summer,” it is primarily due to external circumstances like gas prices and inflation causing investors to pull out. Crypto Market Perception The market perception of a product, asset, or service is the amount of value an individual assigns to it. Although not the same concept as market value, it is closely related; the higher one’s market perception, the more one is willing to pay for it. In other words, if you’re asking yourself, “Why is crypto going up,” it is because an increasing number of people have a positive market perception of it. A famous example occurred in November 2021, after the launch of the first Bitcoin exchange-traded fund. This event caused Bitcoin to reach its all-time high of $65,000. However, the inverse is also true. When crypto markets are going down, it is typically because specific coins have lost market perception due to negative events, such as bad publicity, unethical behavior from project leaders, or security breaches. Losing market perception reduces the demand for a cryptocurrency and drives its value down. #BTC #crypto2023 #DeFiChallenge

about 8 hours ago
Tobe Empire
Tobe Empire
followers

I am making this post to show you the practical steps to take to earn $5000 monthly via cryptocurrency If you are not following, you better follow me, I am new here and I am here to teach and impact many in this spaceNow, in between the steps I wrote the secret in them… only the smartest ones will see it and use itIn another post, I will show you how you can replicate this same steps in other niche.1. Buy and Hold (HODL): Purchase cryptocurrencies like Bitcoin or Ethereum and hold onto them with the expectation that their value will increase over time. This is a long-term investment strategy.2. Trading: Actively trade cryptocurrencies by buying low and selling high. You can trade on cryptocurrency exchanges like Binance or Coinbase. However, trading carries risks and requires market analysis and timing. ( this is how I made over 2k$ in 2 weeks, you want to join my community read till the end)3. Staking: Some cryptocurrencies offer staking opportunities where you can lock up your coins in a wallet to support the network and earn rewards in the form of more cryptocurrency.4. Mining: If you have the technical knowledge and access to the necessary hardware, you can mine cryptocurrencies like Bitcoin or Ethereum. Mining involves validating transactions on the blockchain and earning rewards for doing so.5. Lending and Borrowing: Platforms like BlockFi and Celsius Network allow you to lend your cryptocurrencies to others in exchange for interest or borrow cryptocurrencies by providing collateral.6. Dividend and Yield Programs: Some cryptocurrencies, like certain stablecoins or tokens, offer dividend-like payouts or yield farming opportunities for holding them in specific wallets or DeFi platforms.7. DeFi (Decentralized Finance): Participate in the DeFi ecosystem by providing liquidity to decentralized exchanges (DEXs) like Uniswap or Compound, which can earn you fees or interest.8. NFTs (Non-Fungible Tokens): Create, buy, or sell NFTs, which are unique digital assets representing ownership of digital or physical items, art, collectibles, and more.9. Airdrops and Forks: Participate in cryptocurrency airdrops (free token distributions) and keep an eye out for hard forks, where you receive new tokens if you hold the original cryptocurrency.10. Work for Cryptocurrency: Some companies and platforms pay employees or freelancers in cryptocurrencies. Look for job listings that offer this option.11. Affiliate Marketing: Promote cryptocurrency-related products or services through affiliate marketing programs and earn commissions on referrals. ( this method works even when you are sleeping) 12. Crypto Faucets: Participate in cryptocurrency faucets, which are websites that give away small amounts of cryptocurrency for completing simple tasks or captcha.13. Launch Your Own Token: If you have the technical skills, you can create your own cryptocurrency token and potentially gain value through its adoption and use.Remember that the cryptocurrency market is highly volatile, and there are risks involved. It's essential to do thorough research, understand the projects you invest in, and consider seeking advice from financial professionals. Additionally, only invest what you can afford to lose, as the crypto market can experience significant fluctuationsIn my next post I will show you how you make a living with with being online and your data, so don’t forget thatI am #Tobechukwu Praise, I teach people how to become financially free and I am rooting for you. #BTC #crypto2023 #ETH

about 9 hours ago
Enes
Enes
followers

Here are 50 terms you should know Airdrop: To send someone free crypto things such as NFTs or tokens. This has nothing to do with Apple's airdrop feature. Sometimes airdropping gives NFT holders something special. But usually airdropping is for giveaways or a sketchy marketing tactic. Alpha: This is another term for "insider information." If someone has "alpha," they have information the rest of the market hasn't found out about yet. Ape in: To invest a lot of money into a new cryptocurrency or NFT project without doing the proper research first. It comes from the "apes together strong" meme. Bearish: The belief that a project is going to lose value over time. Blockchain: A type of database. Information is stored in groups (blocks) that can't be changed after they're created. The entire group of groups (chain of blocks = blockchain) is copied across many different computers so the data is public and safe. Blue chip: As close to a "reliable" investment as you can get in the NFT space. These NFT projects are well-known and generally perceived as having a high value. Bored Ape Yacht Club, CryptoPunks, World of Women are considered bluechips. Bullish: The belief that a project is going to gain value over time. Binance: A popular platform to buy and sell crypto. Crypto wallet: A place (app or physical item) where you can keep your crypto holdings (NFTs, Ethereum, etc.) A wallet is necessary to buy things (NFTs) with crypto. Some popular wallets are Coinbase Wallet and MetaMask. Crypto wallet address: A public address you can give people so they can send crypto/NFTs to you. Usually it's a long alphanumeric string, but you can also purchase a shorter domain name if you want. For example, mine is aprilynne.eth. Decentralized: Power is spread across many people instead of a through a single person. DAO: Short for "decentralized autonomous organization." This group's members votes are automatically tallied and used to decide on things. Sometimes actions are automatically taken. The code for all automatic actions are publicly available so everyone can make sure things are run correctly. DAPP: Short for "decentralized application," it's an app built on the blockchain. Instead of data being collected/manipulated/sold by Big Brother (cough, cough, Meta), all data is stored publicly on the blockchain. DEFI: Short for "decentralized finance." It basically means banking but without the fees/approvals for transactions and loans. You can lend, trade, and borrow crypto through public code that automatically stores/verifies transactions. Diamond hands: Holding onto a high-risk NFT despite the pressure to sell. Sometimes people use this as justification when an NFT of theirs starts dropping in value. It originates from "diamonds are created under pressure." Doxxed: When the true identities of a team behind an NFT project are revealed. Usually used to build credibility in a project. Drop: The initial launch of a new collection or project. DYOR: Short for "do your own research." This is a disclaimer, and honestly pretty good advice,often added to the end of an opinion on an NFT project. Its pronounced like Dior the brand. DOT ETH (.eth): A personal crypto wallet address someone can purchase. For example, my Ethereum wallet address is aprilynne.eth. Ethereum: A popular blockchain used for NFTs often criticized for its slow, expensive transactions. Also home of Ether (ETH), the second most popular cryptocurrency. Flip: Buying an NFT and selling it quickly rather than holding it with the intent to try to make immediate profits. It's a pretty common yet risky strategy. Floor: The NFTs at the floor price of a collection. Floor price: The lowest market price for NFTs within a collection. Often used as a rule-of-thumb measure of the value of an NFT project. Floor sweep: When someone buys all of the NFTs of a collection at the floor price. Buyers can do this because they believe in the project. Sellers can do this to artificially inflate the floor price of the NFT collection. FOMO: Short for "fear of missing out." It's an emotional factor that drives someone to irrationally buy into a project. FUD: Short for "fear, uncertainty, doubt" and is used to express concerns about the legitimacy/value of an NFT project. For example, someone can come into an NFT Discord server and spread FUD. Gas fee: Basically a transaction fee for crypto (Ethereum) transactions. The busier the Ethereum network, the more expensive the gas fee. This is one of the most complained-about feature of the Ethereum network. GM: Short for "good morning," it's a popular greeting on NFT Twitter. It signals that someone is online. HODL: A misspelling of "hold" that caught on and earned the acronym "hold on (for) dear life." The term signals that someone is not selling, despite potential volatility and uncertainty. LFG: Short for "let's fuuking go." Usually used to hype up an NFT project. Marketplace: A platform for buying and selling NFTs. Popular NFT marketplaces include OpenSea, Rarible, and Magic Eden. MetaMask: A popular crypto wallet. MetaMask has a logo that looks like a fox. Metaverse: A virtual world where you have an avatar and you can buy things, play games, and even build businesses. Many different companies (cough, cough, Meta) are trying to make a metaverse that "wins" and will become mainstream. Minting: Taking a digital asset and putting it onto the blockchain to create an NFT. Mooning: Describes the trend when numbers go up. It means growing in price very quickly. NGMI: Short for "not gonna make it." It's used to roast people and projects that won't last long in the NFT space. OpenSea: A popular NFT marketplace. Currently only supporting NFTs on the Etherium and Polygon blockchains. Paper hands: Selling NFTs under pressure. Usually used by "diamond hands" as a roast against people who actually sell. PFP project: Short for "profile picture project." These are collections launched with the intent of being avatars that people can use as their Twitter profile picture to flex ownership. Polygon: A blockchain used for NFTs that's popular for its lack of gas fees. Technically built on top of Ethereum. Pump and dump: A nefarious scheme to artificially "pump" (drive up) the price of an NFT project before selling everything at once, effectively "dumping" the price while making a profit. P2E: Short for "pay to earn." You get paid in crypto/NFTs for playing certain kinds of games. Road map: A public general plan for an NFT project. Usually gives insight into the timeline and the utility of the project. Rugpull: An NFT project gone wrong. People lie about an NFT project in order to lure others into buying in. Once they've collected the money, they abandon the project, leave with the cash, and everyone is left sad and broke. Sharding: Breaking down a single NFT into smaller pieces, or shards so a group of people can buy and own an NFT that is otherwise too expensive to be bought in its entirety. Solana: A popular blockchain for NFTs known for its cheap, fast transactions. Smart contract: Public code attached to an NFT that runs by itself. Usually how the utility of an NFT is enforced. Useful because you don't have to trust the individual behind a project — you just need to trust the code that you can see and verify yourself. Staking: A way to earn passive income by locking up your NFTs on the blockchain for a period of time. You can earn rewards for this in the form of crypto. To the moon: A celebratory term used when prices of an NFT project are going up and up. Utility: Underlying value of an NFT. Utility is the perks, products, services, benefits, or rights associated with owning an NFT. For example, some NFTS come with 30% off of future products, membership to a private fund, access to an online course, access to private events, or copyright rights to a brand. #DeFiTrends #DeFiMeme

about 11 hours ago
Skybaby Secrets
Skybaby Secrets
followers

🔥 🔥 🔥 😱 💯 🔥 🔥 🔥 Let's dive into a possible 🚀 100x crypto gem 💎 ! TRADER JOE XYZ (JOE) 📦 $JOE #TraderJoeXYZ is a decentralized exchange (DEX) and decentralized finance (DeFi) platform built on the ⛰️ Avalanche blockchain. It is one of the most popular DEXes on Avalanche, and offers a wide range of features. 💪 💫 Currently, it has a market cap of around 80 million dollars. The estimated market cap during the next 🙀 bull run could reach 6 to 8 billion dollars. It has a limited supply of 500 million tokens, with 67% currently in circulation. What To Do? 🤔 1. 🦕 Token swaps: Trader Joe allows users to swap tokens on Avalanche quickly and easily. It uses an automated market maker (AMM) model, which means that trades are executed automatically using liquidity provided by other users. 2. 👩‍🌾 Yield farming: Trader Joe allows users to earn rewards by providing liquidity to its AMM pools. This is a process known as yield farming, and it is one of the most popular ways to earn yield in the DeFi space. 3. 🎁 Staking: Trader Joe also allows users to stake JOE tokens to earn rewards. This helps to secure the network and provides holders with a way to generate passive income. 4. 💰 Lending and borrowing: Trader Joe has a built-in lending and borrowing platform called Joe Lending. This allows users to lend or borrow assets in exchange for interest. 5. 🏬 NFT marketplace: Trader Joe also has an NFT marketplace where users can buy, sell, and trade NFTs. #JOE is the native token of the Trader Joe platform. It is used for governance, staking, and earning rewards. 💴 Low fees: Very competitive fees, especially when compared to centralized exchanges. ⚡ Fast transaction speeds: JOE transactions are typically executed very quickly. 🧰 Wide range of features: JOE can be used on wide range of features. 🐥 Easy to use: Web-based user-friendly interface that makes it easy for beginners. Overall, Trader Joe is a 🙇 well-respected DEX and DeFi platform like Pancakeswap the No.1 DEX on BNB Chain. 🥞🤺😆 #crypto2023 #cryptonews #cryptocurrency

about 17 hours ago
Sir Crypto Trader
Sir Crypto Trader
followers

Avoid YouTube You are the target for ad revenue (finance is one of the most lucrative categories for YouTubers), for courses, trade alert services, private discord servers, and everything else You can't find a big trading channel that doesn't sell something 1 know of only 1, but it's because they used to make an estimated 1.8 mil per vear from their "mentoring" program, and they now have the audacity to say that they do everything for free u get better at trading by trading, not by watching the infinite pool of strategy, indicator videos. You want a shortcut that doesn't exist. Traders would rather watch 10 hours of trading guides than actually trade! The most popular trading videos are about simplifying the market into something simple like candlestick patterns, basic technical analysis patterns, and simple indicator strategies

about 22 hours ago
Coinpedia
Coinpedia
Could Citibank's Move Impact Bitcoin and the US Dollar? Robert Kiyosaki's Insight
3 days ago
TopCryptoNews
TopCryptoNews
followers

With the quickly approaching Halloween, an interesting belief has arisen among cryptocurrency traders during this time of the year when it comes to Bitcoin (BTC), and chart patterns and machine learning (ML) algorithms indicate that there could be some truth behind this view. As it happens, the price of Bitcoin on each Halloween, with the exception of 2018 and 2022, was higher than the year before, and if the ML algorithms, patterns, and other indicators are correct, this year should be no different, according to the latest data on September 26. Specifically, the self-learning machine algorithm on the cryptocurrency market tracking platform CoinCodex has suggested that the flagship decentralized finance (DeFi) asset would grow its price by 9.56% by Halloween and trade at $28,703 on October 31, 2023. Indeed, the phenomenon known as ‘Uptober’ has demonstrated its strength even during 2022, when the entire cryptocurrency sector was under massive selling pressure due to a combination of factors that ultimately culminated with the crash of what was once one of the largest crypto exchanges in the world, FTX. In fact, by the end of the month or by Halloween 2022, Bitcoin was changing hands above the $21,000 price level, a significant increase from the $19,300 area it recorded 30 days earlier – on October 1, as Finbold reported on October 29, 2022 – despite being 66.56% lower than on October 31, 2021. Notably, on October 31, 2021, Bitcoin traded at $61,300 with a market valuation of $1.156 trillion, up 344.39% from its Halloween 2020 price of $13,794. Meanwhile, 28,488 respondents from the CoinMarketCap community bet the BTC price prediction for Halloween 2022 at $21,248. Bitcoin price analysis As things stand, Bitcoin is currently trading at the price of $26,198, which represents an increase of 0.39% in the last 24 hours, a decline of 3.49% across the previous seven days, and a 0.52% gain on its monthly chart, according to the most recent data on September 26. All things considered, Bitcoin does, indeed, demonstrate a strong possibility of reaching the predicted increase in price and continuing the tradition of ‘Uptober’ by this Halloween, as well, despite regulatory uncertainty in the United States that has triggered a mass exodus of investors from the maiden crypto asset. $BTC

2 days ago
Cryptoniteuae
Cryptoniteuae
followers

Crypto #whales are one of the best tools to prepare your altcoin portfolio. #dyor 1. #Chainlink ( $LINK )- Over the last few days its up by 9.2%. It is a Project. Chainlink is the industry-standard Web3 services platform connecting the people, businesses, and data of today with the Web3 world of tomorrow. 2. #CurveDao ( $CRV )- Over the last few days there was an upward 12% surge, Curve DAO token (CRV) is the native asset underpinning one of the world's largest decentralized finance (DeFi) platforms Curve. Finance, a decentralized exchange used to trade cryptocurrencies (especially stablecoins) without the need for a middleman. 3. #Arbitrum ( $ARB )- Arbitrum is a Layer 2 scaling solution for the Ethereum blockchain that powers fast smart contract transactions while reducing transaction costs. Layer 2 solutions can scale the base Layer 1 blockchain by delegating complex computational tasks, such as transaction processing and data storage to the second chain.

3 days ago
RayHan bros
RayHan bros
followers

🟢 The Future of DeFi: ⬇️⬇️ Read Carefully guys 🥰⬇️ Do you Know what is Defi? Defi is a Decentralized Finance. The bright future of DeFi, a stunning technology that has transformed the crypto industry from grass to grace, is here. 🟢 What is DeFi : Decentralized Finance (DeFi) is a financial system that operates on a network of computers rather than a single server. DeFi is a new digital financial infrastructure that eliminates the need for a central bank or government agency to authorize financial transactions. DeFi is inextricably linked with blockchain, the Decentralized, immutable public ledger on which Bitcoin is based, which allows all computers (or nodes) on a network to keep a copy of the transaction history. The concept is that no single entity has control over or can alter the transaction ledger. 🟢 DeFi Benefits: ▶️ Defi provides new and exciting financial freedoms, but they are not without risk.DeFi Based Payment Gateways, Increase in DeFi Tokens, DeFi in Banking ▶️ DeFi services are accessible to anyone with a crypto wallet and an internet connection, regardless of location. Users can also trade and move their assets around without waiting for bank transfers or paying traditional bank fees.  ▶️ transactions are carried out in real-time: When a transaction is completed, the underlying blockchain is updated, and interest rates are updated multiple times per minute.  ▶️ Users can keep control of their assets by using non-custodial cryptocurrency wallets or smart contract-based escrow.  🟢 DeFi Crypto Coins For next bull run : Dai,sui,mana, luna,dot,comp,tomo,trx,rune, Avalanche (AVAX) Uniswap (UNI) Chainlink (LINK) Lido DAO (LDO) PancakeSwap (CAKE) 1inch Network (1INCH) dYdX (DYDX) Ankr (ANKR) SushiSwap (SUSHI) Co-Founder and CTO of Unstoppable Finance, Peter Grosskopf, said.  We, humans, have a natural desire to travel through time and a fascination with future predictions. Let's see how DeFi will be in the future.  #FutureofDeFi #DeFiChallenge

3 days ago
Virtual Ngurah S
Virtual Ngurah S
followers

🚨 Breaking News: Catastrophic Crash of $ℓUSD Value $1 to $0.00003! What's Behind the 100% Drop? 😱 A seismic event has shaken the foundations of the cryptocurrency world as Hong Kong-based DeFi giant, Linear Finance, grapples with a major security breach. The consequences have been nothing short of catastrophic, as the $ℓUSD token, which once stood at $0.99, has nosedived to an astonishingly low $0.00002874 - a heart-stopping 100% decline! 🔴 With approximately 19.3 billion $ℓUSD tokens in circulation, this breach has sent shockwaves rippling through the crypto community, leaving countless investors reeling from its aftermath. 😓 In response to this dire situation, Linear Finance has taken swift action, issuing an official statement to address the breach and its severe ramifications. They are actively working to rectify the issue and extend support to those affected. 🚫 In the face of this crisis, a stark warning echoes through the digital corridors of the crypto world: DO NOT BUY $ℓUSD, DO NOT TRADE $ℓUSD. Prudence and caution should be your guiding principles in any dealings connected to $ℓUSD. ⚠️ This incident serves as a stark reminder of the ever-present risks in the world of decentralized finance and the importance of thorough security measures in safeguarding digital assets. Stay vigilant, crypto enthusiasts! 🛡️ #cryptonews #ℓUSD #DeFiChallenge

5 days ago
ilkerryildiz
ilkerryildiz
followers

Ripple ( #XRP ) rose to 0.96 USDT levels following the news of the lawsuit outcome on July 13, but then fell to 0.45 USDT levels, accompanying the decline in the entire market. The chart below shows daily price movements and liquidity levels of #Ripple . It is close to the 0.54 USDT resistance, which it was able to overcome after the news of the lawsuit. A liquidity drain at this level is also considered possible. For this reason, it may be necessary to be careful. What is Ripple (XRP)? What are its features? Ripple is a global payment network and also a cryptocurrency. The Ripple network is used by banks, payment providers and other financial institutions. Ripple's purpose is to serve as a flexible intermediary currency to facilitate the exchange of any unit of value. The features of Ripple (XRP) are: Fast: Ripple can process more than 1,500 transactions per second. This is much faster than traditional payment systems. Cheap: Ripple charges very low fees for transactions. This is much cheaper than traditional payment systems.Global: Ripple is open to participants from all over the world. This is ideal for global payments. Ripple has the potential to make traditional payment systems more efficient and cheaper. If adopted by banks and other financial institutions, Ripple could significantly transform global trade and finance. Here are some advantages of Ripple (XRP): Fast and cheap transactions: Ripple can process over 1,500 transactions per second and charges very low fees for transactions. This is much faster and cheaper than traditional payment systems.Global scalability: Ripple is open to participants from all over the world. This is ideal for global payments.Reliability: Ripple has a robust security structure. Some disadvantages of Ripple (XRP) are: Centralized: Ripple is managed by a centralized company controlled by Ripple Labs. This may be seen as a disadvantage for some users.Regulation: Ripple is under review by some regulators. This may affect Ripple's development. Ripple is a major player in the cryptocurrency market. Ripple could become a new standard for global payments. $XRP $XLM $XMR

6 days ago
talktoumer
talktoumer
followers

Solana (SOL) is one of the most popular and high-performing cryptocurrencies in the market, thanks to its innovative technology and scalability. However, like most other digital assets, SOL is also subject to volatility and market fluctuations. In this article, we will analyze the recent price movements of SOL and try to predict its future trend and potential entry points for spot and future traders.SOL Price HistorySOL started the year 2023 with a price of around $20, after reaching an all-time high of $260 in September 2022. The coin then entered a correction phase and dropped to as low as $9.38 in December 2022, losing more than 96% of its value. However, SOL managed to recover from this slump and bounced back to above $20 by February 2023.Since then, SOL has been trading in a range between $15 and $25, with occasional spikes and dips. The coin reached a monthly high of $25.82 on August 23, 2023, but failed to sustain this level and fell back to below $20 by the end of the month. In September 2023, SOL showed some signs of recovery and touched a high of $20.50 on September 20, but again faced resistance and started a downtrend. As of September 23, SOL is trading at $19.38, down by 5.47% in the last 24 hours.SOL Price PredictionBased on the technical analysis of SOL's price chart, we can observe some key indicators and patterns that may help us predict its future direction. Here are some of them:- The 50-day simple moving average (SMA) is currently above the 200-day SMA, indicating a long-term bullish trend. However, the gap between them is narrowing, suggesting a possible bearish crossover in the near future.- The 14-day relative strength index (RSI) is hovering around the 50 level, indicating a neutral sentiment among traders. However, the RSI has been making lower highs and lower lows since August, indicating a weakening bullish momentum.- The price is currently below the upper Bollinger band, indicating a lack of buying pressure. However, the price is also above the lower Bollinger band, indicating a lack of selling pressure. This suggests that the price is consolidating within a tight range.- The price is also trading within a descending triangle pattern, which is typically a bearish continuation pattern. This means that the price may break below the lower trendline of the triangle and resume its downtrend.Based on these indicators and patterns, we can make the following Solana price prediction for September 2023:- If the price breaks below the lower trendline of the triangle and closes below $18.50, it may trigger a bearish scenario and target the next support levels at $17.33 (the monthly low), $15 (the psychological level), and $13.50 (the Fibonacci retracement level of 78.6%).- If the price breaks above the upper trendline of the triangle and closes above $21, it may trigger a bullish scenario and target the next resistance levels at $22.50 (the Fibonacci retracement level of 38.2%), $24 (the psychological level), and $25.82 (the monthly high).SOL Entry Points for Spot and Future TradersBased on our Solana price prediction, here are some possible entry points for spot and future traders who want to trade SOL in September 2023:- For spot traders who want to buy SOL at a lower price and sell it at a higher price, they may consider entering a long position if the price breaks above $21 and closes above it with a high volume. They may set their stop-loss below $20 and their take-profit near $25.- For spot traders who want to sell SOL at a higher price and buy it back at a lower price, they may consider entering a short position if the price breaks below $18.50 and closes below it with a high volume. They may set their stop-loss above $19.50 and their take-profit near $15.- For future traders who want to bet on the price movement of SOL without owning the coin, they may consider buying a call option if they are bullish on SOL or buying a put option if they are bearish on SOL. They may choose an expiry date that matches their time horizon and a strike price that matches their risk appetite.Disclaimer: This article is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement or any financial, investment or other advice. Seek independent professional consultation in the form of legal, financial and fiscal advice before making any investment decision.⁹Refence (1) Solana Price Prediction for 2040 & 2050: How High Can It Go?. https://coincodex.com/article/24872/solana-price-prediction-2040-2050/.(2) Emeren Group Ltd. https://bing.com/search?q=sol+cryptocurrency+price+history.(3) Solana USD (SOL-USD) Price History & Historical Data - Yahoo Finance. https://finance.yahoo.com/quote/SOL-USD/history/.(4) Solana price today, SOL to USD live price, marketcap and chart .... https://coinmarketcap.com/currencies/solana/.(5) Solana (SOL) Historical Data | CoinCodex. https://coincodex.com/crypto/solana/historical-data/.(6) Solana (SOL) Historical Prices | CoinLore. https://www.coinlore.com/coin/solana/historical-data.(7) Solana Price | SOL price charts, live trends & history - Kraken. https://www.kraken.com/prices/solana.(8) Solana (SOL) Price Prediction 2023 2024 2025 2026 - 2030 - Changelly. https://changelly.com/blog/solana-price-prediction/.(9) Solana (SOL) Price Prediction 2023, 2024, 2025–2030. https://coincodex.com/crypto/solana/price-prediction/.(10) Solana Price Prediction 2023 2024 2025 2026 - 2030 - CryptoNewsZ. https://www.cryptonewsz.com/forecast/solana-price-prediction/.(11) Solana (SOL) Price Prediction 2023, 2024, 2025-2030 - TheNewsCrypto. https://thenewscrypto.com/solana-sol-price-prediction.

6 days ago
tuNNCay
tuNNCay
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In the fast-paced and ever-evolving world of cryptocurrency, meme coins have carved out their unique niche. These digital assets, often inspired by internet memes and celebrity endorsements, have gained massive popularity and significant market capitalization. In 2023, here are the top 5 meme coins that have taken the crypto world by storm, each with its own quirky charm and appeal.1. Dogecoin (DOGE):Market Cap: $8.8 BillionOrigin and Inspiration: Dogecoin, featuring the iconic Shiba Inu dog from the "Doge" meme, was born in 2013 as a lighthearted cryptocurrency created by Billy Markus and Jackson Palmer. Initially designed for fun, it has garnered a massive following, including high-profile supporters like Tesla CEO Elon Musk.2. Shiba Inu (SHIB):Market Cap: $4.4 BillionOrigin and Inspiration: SHIB is the heart of the Shiba Inu ecosystem. Created by an anonymous developer named "Ryoshi," this meme coin gained immense popularity thanks to endorsements from figures like Elon Musk and Vitalik Buterin. It even made its way to Coinbase, one of the largest U.S.-based crypto exchanges.3. PEPE:Market Cap: $246 MillionOrigin and Inspiration: PEPE is a deflationary memecoin launched on Ethereum, paying tribute to the legendary Pepe the Frog internet meme. It has a no-tax policy, rewards long-term stakers, and employs a burning mechanism to maintain scarcity. PEPE experienced a surge in 2023, drawing attention to the meme coin phenomenon.4. Bone ShibaSwap (BONE):Market Cap: $187 MillionOrigin and Functionality: BONE is the governance token of the ShibaSwap decentralized exchange (DEX). It allows the Shiba Inu community, known as the Shib Army, to participate in decision-making and access future NFTs. ShibaSwap, where BONE plays a pivotal role, provides users with opportunities to trade and stake their tokens.5. Floki (FLOKI):Market Cap: $149 MillionOrigin and Vision: Floki is known as the people's cryptocurrency, inspired by Elon Musk's Shiba Inu. It has four flagship utility projects in the works, including an NFT gaming metaverse, decentralized finance products under the "FlokiFi" umbrella, an NFT and merchandise marketplace, and a content and education platform. The "Floki Vikings" community takes its commitment seriously, and Floki has formed partnerships with prominent crypto projects. #memecoin $DOGE $FLOKI $PEPE #opbnb

6 days ago

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