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The Pump and Dump Process in the Cryptocurrency Market

The goal of this market is not technology but making money. Despite being labeled "good technology," "huge funding rounds," the cryptocurrency market actually operates based on trust and psychological cycles. In a downtrend, all technologies hit bottom, and Altcoin is just a financial game for the "big fish" to make huge profits.

Basic operational cycle:

1. Accumulation phase:

Big players accumulate at the bottom, where the price has been sideways for a long time.

The main source of supply comes from retail investors selling in desperation.

2. Price push phase:

Big players do not push the price "to the ceiling" immediately but divide it into phases to create liquidity.

A light push creates FOMO (fear of missing out), attracting new buyers. Investors who bought at the bottom panic and take profits early, creating opportunities for the big players to accumulate more.

3. Peak formation phase:

The price continues to be pushed step by step, occasionally shaking to weed out impatient investors.

When the entire market is euphoric, accounts increase by 20-30% daily, people believe that prices will continue to rise forever.

4. Dumping phase:

Big players slowly offload when retail investors believe that all corrections are just "temporary."

When there are no more buying forces, the price begins to drop sharply, free-falling, and returning to the bottom, starting a new cycle.

Note: This cycle repeats in the order: BTC > ETH > top coins > junk coins. Participants need to stay alert, avoid FOMO, and manage emotions to avoid becoming "prey" for the big players.

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SHIBA INU "REMOVE THREE ZEROS" - FACT OR RUMOR?

The CEO of Shiba Inu has just announced that the project is working to "remove three zeros" - referring to the strong price increase of the token. Currently, SHIB is at 0.00002397 USD (-6.94%), but this information has sparked optimism in the community, with hashtags like #shibastrong and #ThreeZerosGone flooding social media.

In 2021, SHIB increased by over 60,000,000%, removing six zeros and becoming a cryptocurrency phenomenon. Will history repeat itself, or is this just a strategy to attract attention? The community is eagerly awaiting the answer. Do you believe SHIB can do it?

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Analysis of Binance Coin (BNB)

Moving Average (MA): The price of BNB is trading above both the 50-day and 200-day SMA, indicating a strong upward trend.

RSI Indicator: Reached a level of 63, near the overbought zone, suggesting that there is still growth momentum but it may face selling pressure.

MACD Indicator: Positive divergence, reinforcing solid growth signals.

Support/Resistance: Strong support at $700 and important resistance at $750.

Assessment: BNB has the potential to test the $750 threshold in the near future. However, traders need to be cautious of the risk of short-term adjustments as the market approaches the important resistance zone.

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Technical analysis of BTC, BNB, ETH (12/19/2024)

Bitcoin ($BTC)

MA: Trading above the 50-day and 200-day SMA, sustainable upward trend.

RSI: 65, strong upward momentum but nearing overbought territory.

MACD: Positive, MACD line above the signal line.

Support/Resistance: $95,000 / $100,000.
Analysis: BTC may test $100,000 but caution is needed for the possibility of a short-term correction.

Ethereum ($ETH)

MA: Above the 50-day and 200-day SMA, stable upward trend.

RSI: 60, upward momentum not overbought.

MACD: Positive, reinforcing the upward trend.

Support/Resistance: $3,800 / $4,050.
Analysis: ETH has the potential to break $4,050 if it holds above $3,800.

Binance Coin ($BNB)

MA: Trading above the 50-day and 200-day SMA, bullish signal.

RSI: 63, close to overbought territory.

MACD: Positive divergence, confirming growth.

Support/Resistance: $700 / $750.
Analysis: BNB may test the $750 level, but traders need to be aware of the risk of a short-term correction.

Conclusion: Both BTC, ETH, and BNB are showing strong upward trends. Keep a close watch on support and resistance levels and overbought conditions to manage risk effectively.

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🔥 The multi-chain trend is emerging strongly. Many projects originating from BSC are launching on Ethereum and are now expanding to Solana – particularly attractive in the fields of entertainment, imagery, branding, or memes. This is a clear testament to the growing appeal of Solana.

✨ Looking back at the end of 2021 and the beginning of 2024, Solana experienced a significant boom with a large-scale effect, especially in memecoins, surpassing many other categories. The flexibility and scalability make Solana stand out compared to ETH or SUI.

🎯 Is the $300 milestone for SOL in 2025 feasible? With this growth momentum, I believe Solana will continue to affirm its position thanks to its long-term vision and synchronized ecosystem.

💎 What opportunities are there for us? Let's search for the "rough diamonds" in the Solana ecosystem to not miss out on this potential wave!

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Elon Musk, the tech billionaire and CEO of Tesla and SpaceX, has publicly acknowledged owning three major cryptocurrencies:

Bitcoin (BTC): Both Tesla and SpaceX hold a significant amount of Bitcoin, demonstrating Musk's strong confidence in the most popular digital currency in the world.

Ethereum (ETH): Musk has confirmed that he also owns Ethereum, the second-largest cryptocurrency in the market and seen as the foundation of many blockchain applications.

Dogecoin (DOGE): As a well-known supporter of Dogecoin, Musk frequently expresses his fondness for this coin and has asserted that he holds it.

Although Elon Musk has never disclosed the specific amounts of cryptocurrencies he owns, it is clear that he is one of the major investors and has a significant influence in this field. Musk's moves often create a substantial impact on the cryptocurrency market.

#ElonMusk
#ElonMuskNews #torik

$MEME has surged to 0.0073 USD, supported by increasing trading volume, indicating strong momentum for its upward trend. With the advancements of Memetoon and the positive impact from $LPT, the next target at 0.018 USD is gradually becoming a reality. This growth momentum confirms the potential of $MEME to deliver greater returns, attracting strong interest from investors looking for short-term growth opportunities.

Follow me for the latest updates and opportunities in this promising market!

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🚀 4 Potential Altcoins Under $0.10 That Could Surge 5000% by 2025

1️⃣ VeChain (VET):

💡 Current Price: $0.02 - $0.05

Why It's Promising: Leading the supply chain revolution, partnering with Walmart, BMW, DHL.

2025 Prediction: Blockchain development in logistics could drive VET's price up.

2️⃣ Hedera Hashgraph (HBAR):

💡 Current Price: $0.05 - $0.09

Why It's Promising: Next-gen blockchain, fast, efficient, backed by Google, IBM, Boeing.

2025 Prediction: Leading in enterprise-level blockchain applications.

3️⃣ StormX (STMX):

💡 Current Price: $0.02 - $0.04

Why It's Promising: Crypto rewards for shopping, partnerships with major brands.

2025 Prediction: More popular in retail, driving strong growth for STMX.

4️⃣ Alien Worlds (TLM):

💡 Current Price: Below $0.10

Why It's Promising: Pioneer of Play-to-Earn, combining metaverse, NFTs, and DeFi.

2025 Prediction: Boom alongside the metaverse trend, attracting a large user base.

🌟 Act Now!
Crypto history always rewards early investors handsomely. Don't miss the chance to trade on Binance and turn a small investment into substantial profits by 2025!

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