$SOL comes back to life oracle of oracles meme coin wars
After the red candle of the past few days, altcoins may be ready to start resurrecting. The Solana ecosystem has some prime candidates to take the lead. $SOL comes back to life
Solana (SOL) made a strong comeback in late 2022 from the depths of despair. Dropping to a low of $8 in late December of that year, many called for the failure of the $SOL token, as well as the entire network. However, this was indeed the bottom and $SOL traded sideways all year long before really starting to rise towards the end of September.
Source: Trading Views Since then, fortunes have taken a rather astonishing turn. $SOL surged 260% over the next few months, hitting a local high of $68 on November 16. After two pullbacks to $51, forming a double bottom, it now appears that $SOL may be one of the first altcoins to break free of the bear market shackles of the past few days. Price looks to have formed a higher low, falling to the bottom of the golden pocket between the 0.618 and 0.786 Fibonacci levels.
oracle of oracles Pyth Network (PYTH) is an oracle built on the Solana blockchain, but has more than 380 data sources across more than 40 blockchains (in comparison, Chainlink (LINK) can only span 5 blockchains use).
$PYTH has staged a nice, healthy 30% reversal from local highs of $0.55. This puts it in perfect contact with the 0.618 Fibonacci level at $0.38, where the price is currently trying to break out of the bull flag.
The flag targets a price close to $0.65, where PYTH launched on the exchange. With the fundamentals it possesses, it certainly wouldn’t be surprising to see $PYTH reach and surpass these heights.
meme coin wars $BONK could be the Solana equivalent memecoin of Ethereum’s $PEPE. However, being a newcomer on the meme block may have the advantage of the hype that comes with it.
At the end of the day, meme coins are table stakes at the casino table, and traders should be very aware of this. Risk management, including stop losses, should be used and trading should be done with caution.
In 2013, James Howells, an IT employee living in the UK, sold his laptop on eBay but kept the hard drive where he mined Bitcoin.
But while he was cleaning his house, he mistakenly threw the hard drive into a landfill in Newport, South Wales. The hard drive contained approximately 7,500 Bitcoins, the price of which in 2018 had soared to approximately $615 million.
Now, more than four years later, he wants to retrieve the hard drive from the garbage dump, but there are already 350,000 tons of garbage in it. The city council rejected his request to rummage through the rubbish pile, saying it was illegal and dangerous. What an unlucky Mr. Howarth! $BTC $ETH $BNB
The first Bitcoin Embassy opened in Atlanta, USA in April 2018
The first Bitcoin Embassy opened in Atlanta, USA in April 2018$BTC $ETH Jeffrey Tucker, editorial director of the American Institute for Economic Research (AIER), has always had an idea to build a Bitcoin embassy in his hometown of Atlanta. The city of Atlanta has many Bitcoin companies, hardware infrastructure, Bitcoin practitioners and fans, but there is currently no opportunity to bring these people together, so he was inspired to put this idea into practice.
▲ Bitcoin Embassy in Tel Aviv Jeffrey Tucker said he was inspired by a visit to Tel Aviv, Israel. He saw a Bitcoin Embassy opposite the Tel Aviv Stock Exchange, where both senior cryptocurrency scholars and newcomers to the industry could discuss and exchange opinions freely in its atmosphere.
Market analysis on the afternoon of December 3: $BTC $ETH BTC: Although it failed to break through the 40,000 mark yesterday, it has reached the 39,700 position. Although it has fallen back today, it is still fluctuating at a high level.
According to today's four-hour line, it will rise slightly to around 39550. You can go short in ambush. The first target is 39000. If it falls below the second target of 38550, you can backhand and go long.
ETH: Now we can go short to around 2080. If we rebound, we can backhand and go long, and we can see around 2020.
Market analysis on the afternoon of December 2: $BTC $ETH Although BTC was sucked by the Three Musketeers yesterday, the trend in the second half of the night was still strong and broke through new highs, reaching around 39,000. Although there has been a retracement, it is still oscillating at a high level until now. Judging from the current trend, it is only a matter of time before it breaks through 40,000.
Today, based on the four-hour line, it is currently oscillating at a high level. The upper pressure level is still around 39,000. If it can break through, it can see 42,000. The support below is quite stable. The first support is around 38,400, and the second support is around 38,000. According to the daily line, it is a concussive upward trend, but the strength of the increase is not obvious.
Recommended operation: wait until 38600 is firmly established and go long - near 42000. If 38600 is not firmly established, you can ambush long positions at the first and second supports.
ETH’s aunt went crazy this morning. Currently, it is still in an upward trend. The first support level below is around 2070, and the second support level is around 2600. If it stabilizes, we will still be bullish. The pressure level above is still looking at Near 2135.
Market analysis on the afternoon of December 1: $BTC $ETH According to the market trend of BTC last night and this morning, the market seems to have formed an upward trend. However, based on the current four-hour and daily analysis, there is a resistance near 38500-38700. Since this resistance is difficult to break through, it has affected the market. Its upward trend is very likely to pull back. If it pulls back, we can look at the support level below. The first support level can be placed near 37800 above the moving average. If it falls below, we will see the second support level near 37100.
Recommended operation: If it rises to near the 38500 pressure level, you can go short 37800-37100
ETH is slightly stronger than BTC according to the market trend in the afternoon, but it is also rising greatly with the rise of the market. At present, it is not suitable to chase higher. Although it may break through 2135 and set a new high, it is recommended to wait until it retreats to around 2030. Take long
Recommended operation: The upper pressure level is 2135-2200, and you can wait for the callback to the support level of 2030 to go long.
“This night will be written into the history of the currency circle” $BTC $ETH $BNB
This night will be written into the history of the currency circle. On the eve of this romantic festival on May 20, 2021, many people in the currency circle stayed up all night. At around 1 o'clock in the morning, a QQ group with 1,826 people in the currency circle was still "busy with people", with more than 1,000 people online.
The decline began on the morning of May 19. As of 11:07 that day, Bitcoin had fallen by 10.73%, just over 200 US dollars away from US$40,000 per coin. At the same time, the price of Ethereum also fell by 8.75 %, the price is close to US$3,000 per coin, and just a week ago, its price once exceeded US$4,000 per coin.
By noon on the 19th, the price of Bitcoin plummeted below 40,000 US dollars per coin. After 8:30 pm, it showed a "free fall" decline. At 9 or 10 pm, it once bottomed out at 31,100 US dollars per coin. Compared with the highest point this year, it has been "cut in half". Other virtual currencies were not immune. The price of Ethereum plummeted 21.02% to US$2,657 per coin, and the price of Binance Coin plummeted 28% to US$367 per coin. The previously popular Dogecoin was not immune, falling 23.79%.
Cryptocurrency prices “available”, and trading platforms cannot hold on. At 9 p.m. on May 19, the cryptocurrency trading platform Binance suspended Ethereum and ERC20 withdrawals and resumed them about an hour and a half later. At the same time, Coinbase, one of the world's largest cryptocurrency trading platforms, was disrupted and cryptocurrency trading Kraken also reported that the trading platform had a connection failure. At 10:45 that night, Huobi’s official website announced that it would suspend the withdrawal of ERC20 tokens. The liquidation volume of some platforms hit a record high. CryptoQuant data shows that the exchange’s long liquidation reached 10,525 BTC one hour late on May 19, a record high.
On May 20, Bitcoin turned from falling to rising. As of 13:45, it rose slightly by 1.4%, and the price was close to US$40,000 per coin. QKL123 network data shows that funds have currently shown a small inflow. However, the price decline of other virtual currencies has not changed, with Ethereum, Binance Coin, and Dogecoin all falling by more than 10%.
Many people in the industry lamented, “This night will be written into the history of the cryptocurrency industry.” Will this acknowledged Bitcoin bull market end?
Yesterday, our support for BTC was around 37,500, and the pressure was around 38,500.
Based on the four-hour analysis today, we will continue to look at the support of 37500 and the pressure level of 38500. We can wait for the retracement to try to take long positions at 37600-37500.
At present, the support below is not strong, and there is little sign of a breakthrough above 38,500. From the daily perspective, the upward trend is still the main trend, so the market is not big during the day, and we should pay attention to big moves at night.
Recommended operation: BTC and other retracement rebounds, support near 37500 - target near 38500
ETH's momentum today is weaker than the big pie. The first support is currently at 2020 and the second support is at 1990. If it is broken through, be careful to guard against waterfalls. The upper pressure level of the rebound is around 2080.
11.29 Today’s Analysis: BTC has continued to rise this week. The trend is to break through 40,000. It has now reached the 38,000 mark. Whether it can continue to break through depends on the strength of the main players entering the market. According to today's four-hour chart analysis, the three lines are scattered upward. Although There is a retracement trend but the intensity is not strong. The overall trend is still bullish and gradually rising. The overall performance of ETH is a bit weak compared to the big pie. It has been below the 2060 pressure level. If it breaks through the long order, there is a chance to get on board. Easy operation: BTC is recommended to be bullish near 38,000 - the target is near 38,500 Lower support 37500-37700 ETH is recommended to be bullish near 2060 - target around 2095 Lower support 2030-2015
According to Bloomberg, Bhutan’s investment arm and Wu Jihan’s mining company Bitdeer Technologies Group plan to find investors for a fund worth up to $500 million, which will be used to develop green cryptocurrency mining in the Himalayas.
Financing for institutional investors will begin by the end of May this year, with the goal of establishing carbon-free digital mining using Bhutan’s abundant hydropower, according to a joint statement on Wednesday. In addition, according to a regulatory filing, Bitdeer expects to build a 100-megawatt power plant in Bhutan, with construction scheduled to start in the second quarter of this year and be completed from July to September this year.
As previously reported, the Kingdom of Bhutan has been using its renewable energy to operate Bitcoin mining operations for many years, and talks on hydropower projects have begun in 2020. Bitdeer was listed on Nasdaq on April 14.
11.28 market analysis: Yesterday, BTC experienced a huge blood suck from USTC, which caused the market to weaken, reaching a minimum of around 3670 to stop falling and rebound. Judging from the 4-hour line today, it is currently in range oscillation. Although there are signs of rebound, it is not strong. It is recommended that you wait for the retracement to buy. Operation suggestions: BTC falls back to support around 36,700 - rebounding pressure near 37,400 ETH buying price is around 2000 - target price is around 2150
11.27 market analysis: $BTC $ETH BTC is below the moving average according to the 1-hour and 4-hour lines, but it is above the daily and weekly moving averages. The market is currently oscillating at a high of 37,000. We can analyze it like this. We are still bullish on the trend, but we must beware of the risk of inserting pins.
Operation suggestion: BTC is short-term today. The upper pressure level is 37500, and the take-profit level is around 3690.
The upper pressure level of ETH is 2060, and the take-profit level is 2015.
The newbies in the cryptocurrency circle will learn the little-known facts in seconds (must read)
$BTC $ETH $BNB $$$ The big guys in the currency circle tell you how to make money, and use their experiences of losing money to tell you how to avoid pitfalls and prevent scams. The following 15 tips will help novices understand the currency circle in seconds Explanations of terms that you must know when entering the currency circle (a must-read for beginners) Regarding the explanation of terms in the currency circle, friends who are just getting started can take a look.
1. What is fiat currency? Legal currency is legal currency, which is issued by the country and the government and is only guaranteed by government credit, such as RMB, US dollars, etc. 2. What does .Token mean? Token is usually translated as pass. Token is one of the important concepts in the blockchain. It is more commonly known as "token", but in the eyes of professional "chain circle" people, its more accurate translation is "pass", which represents the area. A proof of equity on the blockchain, not a currency. In the traditional value system, only things that can be recorded on the ledger can be exchanged for value and circulated. Therefore, accounting is the basis for generating wealth. However, in the real world, most things cannot be quantified, and the things that can be accounted for are extremely limited. But "Token" does. The magic thing about this is that Token can record physical assets and virtual digital assets digitally.
In 2023, you can find 10,000x coins that are rare to find! $$BTC
Currently, there are 14 types of AI artificial intelligence tokens on the market: DBC, AGIX, FET, NMR, CTXC, VLX, ORAI, MAN, CND, AIT, KAT, DTA, BTO, and CNTM. In the last wave of AI craze, these tokens all performed well, with basically an increase of more than 5 times.
As for which token will stand out in the next round of "heat", it also depends on which team can apply artificial intelligence in crypto transactions more widely and conveniently. As the teams behind these AI artificial intelligence continue to innovate and iterate, there may be dazzling star projects in the future. For now, the most dazzling among them is none other than AIDOGE.
As a non-project token, AIDOGE is just an experimental token and ancillary gifts of the airdrop of ARB. However, because it mainly relies on the influence of AI trends, with the help of the huge foundation of Arbitrum ecology and its "deflation", it has been nearly 20% since it was launched on the platform. A 300-fold increase.
From this we can see the ferocity of the AI craze. At present, the next 10,000-fold token is most likely to be born from the combination of AI and cryptocurrency. Personally, I suggest you consider buying some AIDOGE appropriately when "ambushing".
Use your golden thumb to like and follow Laoshuai to recommend more useful information to everyone!
11.26 Market analysis: Last night, the pie directly broke through a new high. After this strong rise, it fell rapidly and deeply. However, it did not fall below the support level, but rose back above the moving average support. According to the current market situation, it is still a bullish trend. In the short term It may be dominated by fluctuations during the period. BTC: Bullish near 37600, target price near 38550, support near 37200 ETH: Bullish near 2080, target price near 2130, support near 2025
BTC is at the 38,000 mark. Yesterday it has risen and fallen back to 37,700. The current overall shape is relatively stable, with the four-hour and daily Bollinger Bands showing an upward trend. The current pressure level is still at a new high. If it can stand above 37,900, it is expected to break through to a new high again.
ETH is currently oscillating in the 2080-2090 range after rising yesterday. It can break through the pressure level and stand above 2100 in a short period of time. It is not impossible to break new highs again.
Recommended operation: The overall trend is bullish, 38400-38500 above BTC Support below, if it falls below 37800, shorts can see 37200
ETH breaks through and stands above 2100, we can see 2140-2150 Support below, if it falls below 2040, shorts can see 1980
$$$A millionaire woman in the currency circle blew up her position and committed suicide
On June 5, several currencies that Bai Fumei Chen Xiyu was long in the currency circle were liquidated for a total of 3.71 million yuan in the gradually declining market, and he chose to commit suicide by taking medicine.
That's right, Chen Xiyu didn't even make it to June 10th...
After hearing too many contract myths, Miss Chen Xiyu entered the market with a young mentality. She gave her hard-earned money and even loans to the market within two days, but she chose to end her life! Such a beautiful young lady could have lived a relaxed and comfortable life, with so much cash in her hand, and could have asked her out every day. Why would she choose such a gambler's way? !
People have passed away, and we can't help but feel sad. The myth of ten years in the currency circle is hard to happen again! ! The contract is not a dream machine, but a bloody meat grinder. There are always some dead soldiers who still fight one after another, throwing their heads and blood to dream about building a mythical steel forest, believing in those mythical stories, but they don’t know that they are all dreams weaved by capital. , the market is cruel. . .
The dream of the cryptocurrency circle is shattered: a 90s cryptocurrency trader lost 2.5 million in six days
The currency circle’s dream is shattered: Coin speculators born in the 1990s lost 2.5 million in six days 2022-12-30 11:29 Thank you for your likes and follow
Although my country has begun to extinguish the "false fire" of virtual currency speculation since 2017, the so-called "myth of wealth creation" in the currency circle still attracts many investors. Nowadays, when supervision comes, losses will expand and ecological operations will be unable to make ends meet. What will be the outcome of this game supported by faith?
What you lose is real money and silver, and what you play is a mirror image. On December 20, U.S. time, SBF, the founder of the cryptocurrency exchange FTX, which went bankrupt due to the "explosion", was charged with eight counts by U.S. prosecutors. If convicted on all counts, he faces up to 115 years in prison. Coincidentally, on the same day, lawyers for a group of French cryptocurrency investors stated that they had filed a criminal complaint against Binance, the world's largest crypto trading platform, accusing it of misleading the public and promoting its services before the law allowed its legal services. Ann’s founder, Zhao Changpeng, the former richest man in China, is also facing unprecedented pressure.
$$11·24 Today’s analysis: BTC has an upward trend, but it has been oscillating at a high level. If the market is repaired on the four-hour line, it can be a long-term value investment. Let’s take a look at its shock position. It has been unable to break through the 37280 position, so there is a high chance of it coming. Wavelet bounce. Next, the shock position is lowered to the 37280-37250 range. We must pay attention to the fact that it cannot break at the high level and forms a downward break situation. Operation suggestion: bearish intraday trend $BTC rebounds short 37280— 38000 38000—36200 $ETH rebounds short 2060-2080-2100 2100-1990
Current BTC market: According to yesterday's market, after stabilizing at 36,500 in the evening, the main force entered the long position and started to exert force. By early morning, it had reached above 37,000. The market is currently in a correction trend, but it has been fluctuating at a high level, and the amount of short orders has increased significantly. The short and long buying trends will soon form a direct ratio,
Current ETH market: Although there is news that BlackRock has entered ETH and is predicted to push ETH to a new high, it has not broken through today. Although there are signs of rising in the market, it is still fluctuating at a high level, and there is a high possibility of a downward adjustment. Operation suggestion: short BTC rebound, support level 36000 and pressure level 38000 ETH rebounds and shorts support at 2020 and pressure at 2110