TST is a fraud despite the impressive market performance. I'll move to more liquid assets.
EyeOnChain
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Bearish
This trader has had enough of $TST ācalling it quits. A big investor who opened a position in TST three days ago just deposited 29.55M tokens into Binance. If sold, this would result in a $975K loss. Feb 23: The trader withdrew 19.6M TST from Binance and provided liquidity on PancakeSwap. NINE hours ago: They pulled all liquidity and added more #TST_USDT through LP, with an average price of $0.1143. Now, it looks like they're ready to exit.
Binance exchange is playing some fraudulent games with my TST/USDT spot trade by showing me losses as TST makes some gains.
I'll soon abandon this binance app .
Crypto Master 786
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Bearish
šØ $TST /USDT Short Trade Signal šØ
š» Entry: $0.0761 š Key Levels:
Resistance: $0.0850 - $0.0977
Support: $0.0720 - $0.0660
šÆ Targets:
TP1: $0.0725
TP2: $0.0690
TP3: $0.0660
š Stop Loss: $0.0820
š Market Insight: $TST saw a parabolic rise but is now experiencing heavy selling pressure. The price has broken key support levels, confirming a strong bearish trend. If the downtrend continues, we could see further declines toward deeper support zones.
š” Pro Tip:
Watch for increased volume on breakdowns to confirm momentum.
Consider scaling out profits at each TP level for risk management.
ā ļø Risk Warning: Always trade with discipline and manage risk properly!
š Momentum is favoring the bearsāstay ahead! š
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Truly revealing study about Cryptocurrency listings over the years.
Binance News
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Study Shows Over 50% of Cryptocurrencies Listed Since 2014 Have Failed
According to CryptoPotato, a recent study by CoinGecko reveals that over 50% of all cryptocurrencies listed on the platform since 2014 have met their demise. Of the 24,000+ cryptocurrencies listed on CoinGecko since 2014, 14,039 have been deemed ādeadā or āfailed.ā Most of these dead coins are linked to projects launched during the 2020-2021 bull run. During this period, 7,530 cryptocurrencies died, accounting for 53.6% of all failed assets on CoinGecko. Over 11,000 cryptocurrencies were listed on CoinGecko during this bull run, with approximately 70% having shut down since.
In comparison, the previous bull run (2017-2018) witnessed a similar failure rate, with approximately 70% of the 3,000+ cryptocurrencies listed during that period having shut down. The year 2021 stands out as the worst for project launches, with 5,724 cryptocurrencies meeting their demise as of January 2024. This represents a failure rate of over 70%, emphasizing the challenges faced by projects launched during that tumultuous year. The surge in dead coins during the 2020-2021 period can be attributed to the ease of deploying tokens and the rising popularity of meme coins.
Projects are launched without a tangible product, leading to abandonment after a brief period. The situation doesnāt improve for projects launched in 2022, where 3,520 out of approximately 5,800 listed cryptocurrencies have already failed, reflecting a failure rate of around 60%. However, there is a glimmer of hope for the tokens listed in 2023, with only 289 out of over 4,000 cryptocurrencies meeting their demise, resulting in a significantly lower failure rate of less than 10%. According to the report, various factors can render cryptocurrencies inactive on CoinGecko. Inactivity, defined as no trading activity within 30 days, is one such factor leading to deactivation. Additionally, media coverage or credible reports to CoinGecko may result in the deactivation of projects exposed as fraudulent or engaging in exit scams. One common reason cryptocurrency projects consider deactivation is when a project team decides to dissolve, rebrand, terminate, or make tokens untradable or obsolete. This prompts them to seek deactivation as they navigate through these changes.
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The next bitcoin halving is expected to occur in April 2024, when the number of blocks hits 740,000. It will see the block reward fall from 6.25 to 3.125 bitcoins. The exact date of the halving is not yet known as the time taken to generate new blocks varies, with the network averaging one block every ten minutes.
Bitcoin halvings: key events:
This list is not exhaustive. Bitcoin halvings will occur every 210,000 blocks until around 2140, when all 21 million coins will have been mined.
Date: 3 January 2009 28 November 2012 9 July 2016 11 May 2020 Expected April 2024 Expected 2028
Important Announcement for SHIB, ADA, XRP Holders on Binance
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