š Market Insight: $VANA is exhibiting strong bullish momentum following a breakout from a key resistance level. The price action suggests potential for a continued rally, with increasing volume and RSI supporting an upward trajectory.
š” Strategy Recommendation:
Enter between $17.10 - $17.50.
Secure profits at TP1 and consider trailing your stop-loss for TP2.
Maintain proper risk management protocols to protect capital.
š¢ Market Tip: Keep an eye on momentum indicators like RSI and MACD to confirm trend strength before entering. Patience pays in volatile markets!
SUI has broken out of the descending channel with strong volume, signaling a potential shift in momentum. However, it's currently facing resistance from the Ichimoku Cloud, which has rejected further upward movement.
A retest of the channel's breakout level is possible, and a successful break above the Ichimoku Cloud resistance could confirm the start of a bullish trend.$SUI #TON #DOGSONBINANCE #PowellAtJacksonHole #SUIš„
Historically: $BTC rally after halving with new ATH.
But this time it was different. We went down, not up.
Is it over for Bitcoin? Were $73k the forever high?
Here's Why it happened and When will $BTC hit $100k š§µš½
The 4th $BTC halving has occurred, marking a unique milestone with significant institutional investment participation ($BTC ETF) for the first time.
Historically, Bitcoin halvings are linked with a notable event ā a subsequent rise in $BTC price, typically observed post-halving.
As for the 2024 Bitcoin halving, while it remains to be seen if it will follow this established pattern, there are already noticeable differences.
Since the 1st Bitcoin halving, the rate of new Bitcoin creation has decreased, but demand has continued to grow.
Despite Bitcoin's status as the largest crypto by market capitalization and its pioneering role, it appears to have fewer users compared to the broader financial ecosystem.
According to Technopedia, ~2.7% of the global population is estimated to own Bitcoin as of 2024.
In contrast to previous cycles, where significant price increases typically occurred after the halving, this time there has been notable price appreciation leading up to the halving itself.
We thought post-halving price should be much higher ā¾ We all bought before halving.
One of the notable distinctions of the 4th Bitcoin halving in 2024 is the extraordinary price growth observed before the event.
In the previous Bitcoin halving cycle in 2020, Bitcoin did not surpass its previous ATH of $20,000 until about 10 months after the halving event.
Some experts, like investment researcher Lyn Alden, believe Bitcoin could reach new highs in 2024 due to factors beyond just the halving and US ETFs.
99% of experts still believe in 2024-2025 rally to $100,000 at least.
#BTC chart to break on the downside? I know this pattern is for trend continuation and we are in short term downtrend.
But don't worry We have multiple evidences that the market is going up very soon
GERMANY OUT OF BITCOINS
The sell pressure for Bitcoin from big holders is relatively nil. The price saw a dip to $54k support which was backed really strongly by the bulls
INCREASING ETF INFLOWS
Total inflows since July 8 is close to almost 10k for BTC. While some were selling the ETF news has kept everyone really positive.
BLACKROCK ARE BUYING MORE When such big giants are buying more there is no need to be worried. The recent purchase from #BlackRock is over 2000 Bitcoin
MARKET CYCLE HISTORY
When we speak of the bearish nature of ascending triangle, its worth noting that they can break on the other side especially when other factors are strong
The Market is yet to peak and the long term plans of holders can easily dominate short term
EXTREME FEAR IS BULLISH
When we are in a larger uptrend, the best opportunities are there in short to medium term dips where the fear is the most.
This is the area where big players come in and sell pressure is heavily reduced BULLISH DIVERGENCE The confirmation of this event last week has been pretty useful in the short term. This signal popped up in October 2023 where #BTC finally made new high after a breakout. Something similar is possible once again
Standard Chart Patterns are there to be taken seriously but we have to understand that they can only give us an idea.
There are multiple factors which play a strong role and we should be aware about them
Here's how he will start historical bull run š§µš
ā¹ Trumpās Victory = Catalyst for the Start of a New Bull Cycle
ā¹ Recent statements by Donald Trump about cryptocurrency have caused a stir among the crypto community
ā¹ Here are several reasons that prove Trumpās victory in the US elections will trigger explosive growth!
ā¹ Why is Trump interested in cryptocurrency?
ā¹ Trump has long spoken positively about the cryptocurrency system and its convenience, but...
ā¹ āI see more and more people wanting to pay with bitcoins, which is interesting. Some regulation will be needed. I could live with that,ā noted Trump
ā¹ Regulation, according to Trump, is necessary before the full implementation of cryptocurrency
ā¹ At recent conferences, Trump stated that cryptocurrency will play an important role in the ātechnological breakthrough of the countryā
ā¹ The overall approval of digital assets by authorities has numerous advantages:
ā¹ Trumpās speeches at Bitcoin 2024:
ā¹ The politician plans to speak at the Bitcoin 2024 conference, which will open on July 27 in Nashville
ā¹ The main goal of the speech is to win over businesses oriented toward the crypto sphere and US citizens
ā¹ Earlier, Trump stated that more and more compatriots are using $BTC to pay for goods and services
ā¹ Support for $BTC among Republicans
ā¹ In June, Paradigm conducted a survey of more than 1000 people on the topic - āYour attitude towards Trumpās ācrypto futureā?ā
ā¹ According to the survey results, more than a quarter of Republicans (28%) showed interest in cryptocurrencies, investing their money in them
He launched the first memecoin created by AI with only $69
Now it's a memecoin with $250M mc ($670M mc peak)
Here is a story on how he launched a meme coin using ChatGPT š§µš
Rhett Mankind or @rhett is a Digital Art Experimenter, was a little-known influencer
One day, he decided to experiment with creating a meme coin using ChatGPT and $69
Now it turned out to be a coin - $TURBO with $250M mc
Let's dive in š He went to ChatGPT, said he had a budget of $69, and asked it to create the next great meme coin, aiming for a top 300 ranking on Coingecko The first thing ChatGPT suggested was to create a concept, story, ticker, etc Among all ChatGPT's ideas, and through voting, TurboToad was chosen Since Rhett knew nothing about blockchain code, a problem arose
He told ChatGPT that he didn't know anything about coding and literally asked it to write the code for him
Which ChatGPT did
That concluded the first day of creating the token
Ofc, the code had a bunch of errors that weren't fixed even after using ChatGPT, and ChatGPT advised getting an audit
With this, Rhett turned to his community, and as a result, a couple of developers reviewed it and suggested a few updates
But after the launch, a problem arose: "Project over budget and failed on DEX launch."
The first token failed, but community forced him to push forward
He told ChatGPT that his budget was now $0 and it gave him a list of ideas
He decided to shorten the ticker to $TURBO, made a website, and a Twitter account
The next problem was the budget for creating a liquidity pool
With the help of the community, he organized a fair launch where 50 people donated to him for the creation of the token
This resulted in 69 billion $TURBO, 50 holders, and +3.5 ETH (USD $6669) Waking up the next day, he saw a $10,000,000 market cap, and literally three hours later, it was already $25,000,000 with $6,900,000 in volume Now it's $250M mc($670M mc peak)
Key dates to remember through this thread: - 25th September 2020 - $9.83 - 11th July 2024 - $12.90
Ready to be shocked? š§µš
Without an argument, Chainlink has brought so many benefits to the #crypto space, but even with all these benefits, why is the token price the same after 4 years? 4 years ago from now the #token price was $9.83 and today we do not see much of a difference.
The total supply for #Chainlink is 1 billion tokens, with only a portion of 608 million actually being the circulating supply.
Here is where things get interesting.
September 27, 2020 the circulating supply of Chainlink was at 371 million tokens. Based on the #supply #chart below, we can see that gradually more and more tokens were supplied to the #circulation. Close to half of what the current supply of the token is.
Right after the key date of September 25, Chainlink mooned, prices went to an #ATH of $52.70. This happened on the 10th of May 2021. Now going back to the supply chart, we see an increase in token #supply. From 371 million to 420 million.
After May 10th the supply chart continiues to increase, the actual token price starts to drop at a fast pace. Exactly a year after, Chainlink drops to prices around $7. Although the quick and heavy #drop, token supply continiues to go up.
The only difference in Chainlink is the token supply. With a circulating supply that has doubled within 4 years. The value of each #individual #token has inevitably halved.
Now before you ask yourself why the heck hasnt the price of #Chainlink increased, think of the circulating #supply and what it is at that time.
If you read this full #thread make sure to leave a like and comment your opinion on what you think happened.
Norwegian student Christopher Koch learned about bitcoin while working on his dissertation about encryption.
To gain practical knowledge, he bought about $27 worth of BTC. It was 2009.
Bitcoin was not even mentioned until 2008, reacting to the global financial crisis.
The money Koch spent was enough for 5,000 tokens.
Christoph told his girlfriend about buying bitcoins, but she wasn't thrilled and gave him a hard time, thinking it was a waste of money.
"She thought I was wasting money on nonsense", ā the Norwegian recalls.
After the successful defense of the thesis, real life began with finding a job and household chores.
Bitcoin was not profitable, and Koch forgot about the purchase and moved on with his life.
At the exchange rate, the value of 5,000 bitcoins was 5 million crowns or 885,000 dollars.
Koch, having completed his doctoral studies, did not sell it all at once and retained his millionaire status. Koch withdrew 1.1 million kroner for the apartment, leaving the rest of the assets to run.
He checked the account daily, watching it grow by 50,000 kroner.
Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again", ā laughs the Norwegian.
"Even in my wildest dreams, I could not have imagined that they would soar like this".
Apple has begun actively investing in the AI sector
Missing out on this is like not buying BTC in 2009!
By 2030, the AI sector will be valued at $2T
Here are 7 tokens that will make 100X š§µš
Artificial intelligence is the 2024 theme and is here to stay.
Combining AI and cryptocurrencies could create a trillion-dollar market.
Experts predict AI investments might hit $2 trillion by 2030.
Now's the time to pay attention.
AI x Crypto sector is still in its early stages.
The crypto AI sector is just beginning to take shape, but every major global company will be pouring money into it.
For example, Apple has already integrated GPT-4.0 into the interface of the iPhone 15 Pro in a recent update.
@oraichain | $ORAI
Oraichain is the world's first AI-powered oracle aiming to revolutionize the AI, DeFi, and blockchain industries. It's a data oracle that links AI APIs to smart contracts, enabling new AI-powered dApps.
Price: $10.96 MCap: $176.9M FDV: $1906M
@real_alethea | $ALI
Alethea AI merges AI and blockchain to democratize AI ownership, ensuring equitable access and benefits distribution through innovative R&D.
Price: $0.016 MCap: $56.25M FDV: $157.6M
@Spectral_Labs | $SPEC
Spectral lets you use AI to connect online agents with Web3. You can write prompts, which help smart contracts use machine learning.
Price: $9.86 MCap: $103,755,441 FDV: $984M
@ArcBlock_io | $ABT
ArcBlock is a platform for building and deploying blockchain dApps. It bills itself as a complete blockchain 3.0 product platform to build, deploy and manage Apps easily.
Price: $3.21 MCap: $313 FDV: $590M
@verasitytech | $VRA
Verasity is a blockchain eco for trusted digital ads and payments. Features VeraWallet, VeraViews for secure txs, fraud prevention, and 'Proof of View' tech to ensure authentic video views.
This dump happens every cycle and it is ur last chance to buy alts before they go parabolic.
Here're 10 projects with 100x potential in 2024 š§µš
NFPrompt is a Web3 tool enabling users to monetize AI-generated content. By leveraging blockchain, it ensures ownership of AI art, empowers creators, and fosters an open NFT marketplace
ā Price: $0.25 ā Market cap: $62M
@SleeplessAI_Labs - $AI
ā Sleepless AI is a Web3+AI gaming platform that combines artificial intelligence and blockchain to provide immersive gaming experiences and emotional support through AI companion games
ā Price: $0.52 ā Market cap: $102M
@centrifuge - $CFG
ā Centrifuge is a platform for real-world asset tokenization, offering investors access to diverse assets and providing asset managers with tools to streamline operations and unlock new capital sources
ā Price: $0.43 ā Market cap: $213M
@blast - $BLAST
ā Blast is an Ethereum L2 offering native yield on ETH and stablecoins via auto-rebasing. It provides 4% yield on ETH and 5% on stablecoins, leveraging ETH staking and on-chain T-Bill protocols
ā Worldcoin aims to create a global identity and financial network, providing proof of personhood and a digital currency (WLD) to increase economic opportunity and privacy
ā Price: $1.8 ā Market cap: $501M
Synthetix is a decentralized protocol on ETH and Optimistic Ethereum, providing liquidity for synthetic assets. It uses SNX as collateral for synth issuance, supporting various DeFi applications and derivatives
ā Price: $1.6 ā Market cap: $534M
@Ethena_Labs - $ENA
ā Ethena is a synthetic dollar protocol on Ethereum offering a crypto-native dollar (USDe) and the 'Internet Bond.' USDe is backed by delta-hedged ETH and BTC, ensuring peg stability and wide DeFi/DeFi compatibility