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$ADA Cardano (ADA) — a blockchain platform created by Input Output Hong Kong (IOHK) and Charles Hoskinson, a former co-founder of BitShares, Ethereum, and Ethereum Classic. The system is focused on launching smart contracts, decentralized applications, sidechains, and multiparty computations. The internal cryptocurrency of Cardano is called ADA. The platform is named after Gerolamo Cardano, and the cryptocurrency is named after Ada Lovelace.
Ether rose in price by less than 1% from February 14 to 21. Volatility of the second-largest cryptocurrency remains quite weak. ETH trading was held in a narrow range of $2,605-$2,849.5 all week. $ETH
#VIRTUALWhale The term "whales" refers to investors who are large holders of digital assets. For example, they include the car manufacturer Tesla, which owns 43 thousand bitcoins worth $1.7 billion, as well as the software manufacturer MicroStrategy, which owns 92 thousand digital coins worth $3.7 billion at the current rate at 13:40 Moscow time.
The actions of "whales" can often lead to various events in the crypto market. The recent collapse of the Bitcoin price to $30 thousand occurred against the background of the fact that a rumor was spreading on Twitter about the sale of digital coins by Tesla. Later, Tesla CEO Elon Musk denied this information and said that the company has not sold a single digital coin since March of this year, when it recorded a profit in cryptocurrency of $101 million.
#ActiveUserImpact Millions of people in the world have cryptocurrency. How many of them use it a16z estimated the number of active cryptocurrency users in the world at 30-60 million people. According to the annual report called State of Crypto from a16z crypto, there are about 617 million cryptocurrency users in the world, but only 5-10% of them are truly active. Most owners prefer to passively hold cryptocurrency in wallets.
#PriceTrendAnalysis Cryptocurrency analysis is the study and evaluation of the cryptocurrency market with the aim of determining their value and potential. This is an important process for trading and investing in cryptocurrencies.
Various methods and tools are used in the course of cryptocurrency analysis. These methods include technical analysis, fundamental analysis, and sentiment analysis.
#TokenMovementSignals Cryptocurrency signals are signals that cryptocurrency experts from various organizations give to traders. These are trading ideas or suggestions that these experts give after detailed market analysis. Most of these signals are based on either technical analysis and various indicators, or some providers rely on sentiment analysis for long-term trades.
#MarketSentimentWatch Technical analysis or TA is a method of researching financial markets, including the cryptocurrency market, through the analysis and interpretation of historical price data.
Technical Analysis is based on the assumption that the history of price movement can help in forecasting future market trends and global trends. In technical market analysis, there is no need to study fundamental factors such as economic indicators or news about companies or the market. Instead, technical analysts focus on price and certain patterns in chart movement.
TA helps maintain disciplined trading and overcome emotions, which is the main problem for all traders. As soon as you start making real trades, emotions immediately take the lead, while reason and objectivity take a back seat.
#OnChainInsights Unlike traditional banking infrastructure, blockchain-based digital electronic records are publicly visible and easily auditable. This transparency is a goldmine of information, allowing virtually anyone to gain insight into transaction patterns, whale movements, and underlying trends.
#WalletActivityInsights Transactions in Bitcoin and most other cryptocurrencies can be tracked. The entire history of transfers is stored in the blockchain and is available for analysis. There are many tools that allow you to track the path of cryptocurrency from one address to another. Do you think this is good or bad?