While the #crypto market is rallying strongly, some crypto currencies aren't even showing #signs of this uptrend.
This situation, especially observed in $BNX , known for its #Binance support, seems like a rug being pulled. If there is another explanation, bnx executives need to enlighten their investors.
It is possible to observe the situation better in the chart below.
Language support censorship in #Binance 's global app from #Turkey .
The #Turkish government has asked Binance to withdraw Turkish #language #support from Binance's global app. In this way, the current responsible of Turkey's #economy , which thinks that it can track users and transactions, has begun to form the basis of the taxation steps they will take in the future. Users who could not find the comfort they wanted in Binance TR started to decrease their support for the platform .
We hope that the Binance platform will produce more constructive and supportive solutions for this situation and its aggrieved users and will not let its users down...
Are there any potential buying opportunities coming?
The crypto market, which rose after the FED interest rate cut decision, has not yet seen the expected rise, and thanks to the stabilizers, volatility can now be balanced or controlled.
From now on, it is useful to foresee transactions and make them according to collective movements. Unfortunately, it is becoming more and more difficult to catch the ups and downs like before.
In the meantime, an altcoin that could not catch the rise caught my attention. $BNX . It has been constantly rising and falling after the decision. By the way, #BNX is the native token of the #BinaryX platform and is a cryptocurrency used especially in the GameFi field. Initially developed as a decentralized derivatives trading platform, BinaryX later evolved into a GameFi platform that offers blockchain-based "play-to-win" games like CyberDragon.
I can't say I have much knowledge, but I think it deserves a rise. Let's see if I can catch it, it seems worth considering, or am I wrong? what do you think? If you have any opinions I would like to hear them. I have some money and I don't know what to do 🤷🏻
It is useful to take a look at the supply and demand rates on the chart. The buyers do not tend to sell much and there seems to be a serious buyer capacity. However, this situation is not reflected in the prices.
WIF Coin, also known as #Dogwifhat (WIF), is a meme coin based on #Solana . It was launched in November 2023 and attracted great attention despite its simple structure.
Its performance in the market is quite remarkable. WIF #Coin has increased by 1,150% since its launch, reaching $ 2.46, but later its price started to fluctuate between $ 1.74 and $ 2.08. #Binance is traded on major exchanges such as Pionex and TokoCrypto (source: CoinGecko). Working on the Solana blockchain offers advantages such as faster transaction times and lower fees compared to its competitors.
Well, $SOL is such a project. The reason for many units to be on the market today... 🙂
What do you think? Are these supply/demand values for WIF a sign of an increase?
NOTE: My articles are definitely not investment advice. Everyone makes their transactions with their own free and independent will.
While it is announced that the 'Bull' season (#Bullish ) has started in some places, fluctuations and stops create question marks. If we think we are in the bull season and encounter a 'Bear' movement (#Bearish ), this situation may not be pleasant at all.
Remember, volatility is quite high in the crypto market. Therefore, do not take on loads that are too big for you to handle.
If we list the signs of the bull market, which is the main subject of our article, with a few items:
1. Price Movements: Long-term price increases, the formation of new peaks and an increase in trading volume.
3. Market Sentiment: Positive mood on social media, investor confidence and increased positive news in the media.
4. Macroeconomic Factors: Low interest rates and rising inflation may increase interest in cryptocurrencies.
These items are generally important signs for understanding the bull market, but it is worth noting that it may not always give definite results. Therefore, you should make your own decisions with your own risk level. Whether you act or not according to this article is the result of your own free will, it is not investment advice.
Finally, the stability and decline in the price of #Solana , which I have been following for a while, has given way to a lush rising graph.
Let's see if $SOL , which proved that it did not break away from the race by finally seeing 142 after 132, 135, 136-38, will hold on to its new prices and evolve higher?
The #fibonacci series I made a few days ago has now come to nothing at #Binance . We need to make a new one 🙂
Do you think it will take too long to hold on to 141 and reach 145? If it is 145, is it easier to see 150 or... Putting these questions aside, what is expected from Solana is definitely much more than 140...
Stay tuned to set sail for different thoughts and brainstorm with new analyses!
Investors who have been longing for the green color in the crypto market for a long time are wondering whether the increases that have been going on for a few hours will continue. While some argue that it will continue, others argue that it will decline, the main denominator that is agreed upon is the fact that these increases never meet expectations.
If this increase enters a pause trend, it will be far from seeing the rise of just a month ago, and maybe it will not be able to reach it for months...
As I mentioned in my previous article, #Solana continues to rise by overcoming the barriers one by one. If $SOL , which is trying to overcome the 137 resistance, can get rid of the 137 stress, its next stop is very likely to be 139.
Although there are heavy sales transactions in the 139 and 140 price bands, many users expect it to easily overcome the 139 barrier.
NOTE: This is definitely not investment advice. Everyone makes their own investments at their own will. These are expectations based entirely on opinions and estimates, and generally the opposite happens.
As the rise continues, many small investors will be able to cover their losses to a large extent. However, this rise will need to be more stable and long-lasting. In my personal opinion, Solana, which has a very good performance despite its competitors such as $ETH , is still positioned far behind where it deserves to be.
Why is $ALGO constantly showing a downward trend and not rising?
You can access information about #Algorand via #Binance . But our topic here is why #Algo is constantly falling.
To put it briefly:
One of the most important developments in the crypto market is unlocking. Before unlocking, locked tokens do not see any transactions. Token locks must be unlocked in order to be bought and sold. With token unlocking, the project's tokens also become tradable.
In general, as the number of tokens in the market increases, it causes a decrease in the token price. Therefore, the token unlocking process negatively affects the price.
Why Are Unlockings Important?
Unlockings can directly affect the price of a token by affecting its supply. If there is a big unlock and the market demand cannot meet this increase, it is quite normal for the price to fall...
We can say that Algorand is not as popular as $SOL or $ADA yet. Therefore, expecting a serious increase would be a bit of an exaggeration.
Following the interest rate decision, the decentralized (so-called) crypto market entered an uptrend. While many alt #coin kept up with this trend, other world-renowned and popular coins have not yet met the expectations of this growth.
Some popular crypto units such as $SOL , $POL , $XRP are still having difficulty exceeding certain limits and rising. While units demanded for purchase and sale in the market increased after the rise of #Bitcoin , units held in wallets for investment purposes have not yet met expectations in this rise.
While some crypto units entered an uptrend, $SOL upset wallet owners because it could not make the expected breakout yet.
When we draw a #Fibonacci chart on #Binance , if it can break the support point and rise above the 132 level and if the 140 level in the chart satisfies the buyers, it is the most logical among the probable possibilities to see higher levels.
The fact that #Solana , which meets many crypto units, could not catch an increase like other #kripto units against #Bitcoin strengthens the possibility of a movement in a few days because the market is in an expectation.
NOTE: These are definitely not investment advice. They are my own personal analyzes and usually the opposite is true.
While some authorities indicate a Solana rise and a buying level, some other authorities predict a further decline. My personal opinion is that Solana has not yet risen to the level of $KDA and is not entitled to do so.
There are big exits that should not be overlooked in the endless #BEARISH season of the crypto market. One of them is waiting with an order given in $KDA . It is possible to see these orders in the visual below over #Binance . It is useful to shape investments according to these sales. However, no matter what they do, small investors are doomed to lose in the constantly falling market. Especially those who hold long-term altcoins in their wallets. Because the decline in alt units never ends. When you look at the $BTC chart, it is confusing that altcoins are in a constant downward trend in the market fed by #Bitcoin . At this rate, small investors waiting for #BULLISH will already lose a lot of their assets. Because no analysis, investment or news has an impact on this market and it is not even possible to determine the causes of volatility...
Normally, #Kadena is expected to fall after this sale, but it is now completely impossible to predict what will happen in the crypto market, how and when...
Resistance was broken at $BNB . #Binance The resistance of BNB was broken and entered a short-term uptrend, but time passed while I was adjusting the visual of this article... How accurate do you think these graphics and analyzes can give an idea about the future?
Edit: Of course, do not act according to this graphic. This is just a test and there is a high probability that it will move back. It is definitely not a recommendation and is probably wrong data.
📌 Pay attention to #Earn transactions on the #Binance platform!!!
I just experienced a situation that I did not pay attention to and this situation prevented the sale of $AVAX .
This post is so that other users do not experience the same fate as me if they want to sell any crypto currency.
I had locked my crypto currency named Avax for a long-term Earn transaction a while ago. When I wanted to sell it due to the slight fluctuation experienced today, I had to cancel this transaction and transfer it to my #Spot wallet. When I made the transaction, I thought I would easily make a sale transaction. But I couldn't. There was no balance in my account. I learned that it would take 2 days for the transaction to be processed to my spot wallet.
Therefore, I could not make the transaction I wanted with a sudden decision.
#Sell Be careful about this situation when doing the transaction and do not share the same fate as me 😅🤦🏻♂️
Attention!!!
The instruction is given on the 14th but the transaction is carried out on the 16th!
After MATIC, which was found in wallets in #Binance , became $POL , the observed increase slowly began to reflect what was expected.
Changing MATIC to $POL is actually much more than a name change...
Here are the main reasons behind this change:
Transition to a new era!
Matic was perceived more as a cryptocurrency, but #Pol was positioned as a blockchain platform covering a wider ecosystem. With this change, it was aimed to transform into a platform that supports not only payment transactions, but also smart contracts,#DeFiapplications and more.
Brand identity and perception
The name #MATIC could not fully reflect the growth potential of the platform. The name Pol aimed to increase the brand awareness of the platform by creating a stronger, more innovative and future-oriented image.
Ecosystem expansion
Pol has transformed from being just a cryptocurrency to a blockchain platform that supports a broader ecosystem. With this transformation, the platform's areas of use have also expanded and it is aimed to reach more users.
In summary, the change from Matic to Pol can be evaluated as a result of the platform setting out with a broader vision and creating a more comprehensive ecosystem.
This change aims to increase the platform's growth potential and reach more users.
I decided to close the $FLOW book, even at a loss. Since yesterday, #Flow , which has been held at the 528 band, has now failed to exceed the 520 band. Large capital groups tend to pull it down even further.
While other alternative crypto units can make exits based on $BTC movements, Flow seems far from this. For now, I think it is much more logical to wait for an opportunity by taking cash. Because as an investor, I do not want to lose more in this constantly falling market environment...
I am lying in wait to sail to new seas 🙂 I am open to suggestions.
This is an altcoin image. The project started in 2020, was included in the #Binance platform in July 2021. And look how much it lost in percentage.
So since the day it was released, $BTC has shown an increase as a result. But in the image, $FLOW has fallen continuously. They are currently following almost the same movements in the charts.
QUESTION : What does this mean?
ANSWER : So now the fate of an altcoin is tied to #Bitcoin .
The main question that needs to be answered is; why are these crypto units devalued so much for years? Is it for them to disappear?
Normally, #Flow is not a bad project. It has a promising future. But somehow it is kept in the market and like other alternatives, it falls as it falls.
QUESTION: Which bull season can give it a value of +5000% again and bring it back to its old price?
ANSWER: Of course, unfortunately, as with many other alternatives, NONE...
Those who keep crypto in their wallets have been punished for years. How long will this continue?
If investors lose their trust and start withdrawing from the market, capital owners can play with their own bitcoins or altcoins in THEIR OWN WORLD as they wish.
Understood. After a tense week, I think they will give us a little honey and a little green rose today.
But the products have already melted in the spot wallet. We will have to go through very high green days for the loss to come out...
No matter how green the market looks, the volatility is at an incredible level. We should not forget this. Anything can happen at any time.
It is definitely not investment advice, it is an assessment of the situation and I made my own observations.
In #Binance , fixed assets such as $BTC and $ETH upset and annoyed many people in a few days. Many people lost the money they relied on. I hope this situation will be compensated with serious increases in the near future. I hope that alternative unit investors will recover soon. Although it is a very empty wish because it is a difficult situation, I hope it will get better.