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Bitcoin price broke through the $44,000 barrier after recording its longest streak of gains since last May, as the largest cryptocurrency by market value posted a streak of gains over a 6-day period. What, rose about 16 percent, driven by bets on reducing the U.S. interest rate
If you're considering investing in cryptocurrency, here are some key coins and projects for December 2024 that show strong potential for long-term growth:
1. Ethereum (ETH): Known as the foundation of the crypto ecosystem, Ethereum powers DeFi protocols, NFTs, and other blockchain applications. The Ethereum 2.0 upgrade has improved its scalability and energy efficiency, enhancing its growth potential.
2. Polygon (MATIC): As a Layer-2 scaling solution for Ethereum, Polygon facilitates faster and cheaper transactions, making it a favorite for developers and gaming platforms.
3. Avalanche (AVAX): Known for its blazing transaction speeds and low fees, Avalanche is ideal for DeFi applications and enterprise solutions.
4. Algorand (ALGO): With features like speed, scalability, and eco-friendliness, Algorand is well-suited for DeFi and other blockchain applications.
5. Chainlink (LINK): Its decentralized oracle network enables blockchains to securely interact with external data, making it crucial for DeFi and smart contracts.6. Kaspa (KAS): This project uses a unique blockchain architecture to provide faster confirmations and greater scalability, making it a promising emerging project. #ETH🔥🔥🔥🔥 #MATIC.24小时交易策略 #Avax🔥🔥 #ALGO.智能策略库🥇🥇 #LINK🔥🔥🔥
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Ethereum rose 10 to $2,647.43 over the past 24 hours, as the currency emerged as one of the biggest beneficiaries of US regulators' decision to approve the country's first Bitcoin spot trading fund. #ETH #BTC #ENS
Binance Pool Launches Presale of Cloud Mining Products (2024-01-08) Fellow Binancians, Binance is launching a presale of Cloud Mining products for BTC mining. During the Subscription Period, users who purchase a new Cloud Mining product will stand to enjoy 30% discount on cloud mining management fees. Presale Details: Subscription Period: 2024-01-08 02:00 (UTC) to 2024-01-31 02:00 (UTC) Subscription Format: First-come, first- served basis • Estimated Mining Start Time: 2024-02- 09 04:00 (UTC) Mining Duration: 90 days
Notes: ⚫ Cloud Mining products in this presale are limited, and will be sold on a first- come, first-served basis. • Users can purchase Cloud Mining products via the Binance App homepage. ♦ If the mining hashrate cannot be delivered by 2024-02-09 04:00 (UTC) due to force majeure and other unforeseen factors, all impacted users will receive a refund on their purchases in their Spot Wallets. #BinanceGems #Binancepool
After a post on the US Securities and Exchange Commission's "X" account claimed it had approved the launch of exchange-traded funds holding the crypto asset, the price of bitcoin fell before paring its losses. Dropped to about $45,000.
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Companies looking to launch bitcoin exchange-traded funds crossed a major hurdle this week in getting approval from US regulators in the coming days. Staff at the U.S. Securities and Exchange Commission told several exchanges and ETF-listing issuers that they must file a final copy of a key document as soon as possible, according to four people familiar with the matter who spoke on condition of anonymity. Said to do because... the discussion is not announced. Two people explained that staff did not provide additional feedback on documents requested from several companies in the wake of the latest legal amendments. Caution surrounds bitcoin amid exchange-traded fund anticipation. #ETFApprovalDreams
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Introduction There are several potential benefits to investing in Cardano, some of which you may not have thought about. Many people believe that in order to invest in cryptocurrencies, they must be knowledgeable and wealthy; nevertheless, with a little study and common sense, even complete beginners may do so. In the article we have listed the top 6 reasons you should invest in Cardano.
1. Cardano Provides Practical Uses The cryptocurrency market's fastest-growing asset at the moment is Cardano. This expansion of usage in the physical world is fuelled by the blockchain technology. It is one of the few blockchains that is used by both big businesses and governments.
As was previously noted, Cardano intends to enhance the smart contract features offered on the Ethereum platform. In keeping with this, Cardano gives consumers the ability to create smart contracts without having to contract with third parties. They strive to make dApps as dependable as safe as they can. 2. Cardano has Been Growing from Inception The volatility of digital currency causes significant fluctuations. Choose a company that exhibits some signs of stability before investing. With its useful applications, Cardano has become more and more significant over time. Its significance is also reflected in this rise.
This currency has been continuously increasing since its launch in 2017 with a moderate but steady growth. Its wide range of applications is one of the factors contributing to its rising value.
In conclusion, a good investment idea is Cardano (ADA). The future can only be brighter with the technical strides it has already achieved in the short time it has been around. It is much greater because of its many practical applications. This currency is a great option for any serious investor since, unlike other outmoded ones that come and go, it is here to stay.
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Investing in cryptocurrencies can be risky, so it's important to approach it with caution. Some common strategies include:
1. Spread your investment across different cryptocurrencies to reduce risk.
2. Hold onto your investments for an extended period, ignoring short-term market fluctuations.
3. Thoroughly research the cryptocurrencies you're interested in to understand their technology, use case, and potential for growth.
4. Only invest what you can afford to lose and set stop-loss orders to limit potential losses.
5. Keep up with market trends, news, and regulatory developments that might impact the cryptocurrency market.
6. Use technical analysis tools to analyze price charts and identify potential entry and exit points.
7. Invest a fixed amount at regular intervals, regardless of the cryptocurrency's price, to average out the cost over time.
Remember, the cryptocurrency market is volatile, and there are no guaranteed profits. Always do your own research and consider consulting with a financial advisor before making investment decisions.
Nasdaq plans to reuse the technology it developed to introduce cryptocurrencies to the world on a limited basis, as the company aims to launch a comprehensive technological platform that includes design assets and carbon marketing involved in. #BTC
NEOM Saudi Arabia has entered into a strategic partnership with Animoka Brands, a company specializing in digital technology and blockchain. I have put in 50 million dollars.