This Ethereum candlestick has me confused; could this be the largest head and shoulders pattern in history? Although this chart looks overly idealized, the fact is that Ethereum has indeed fallen to a strong support level just above 1700.
Back in 2021, during the great crypto crash, ETH also dropped from 4000 to just over 1700, testing the 1700 level three times. Ultimately, after the London upgrade a month later, it reversed its losses, first rising to 2700, then to 4000, and finally reaching 4877, with a dramatic turnaround.
Now, in April, there happens to be another Prague upgrade; can Ethereum replicate that reversal?
The real data shows that Ethereum tends to have a surge with each upgrade, but this time we should lower our expectations. I'm not looking for huge profits; if we can make a small gain or just break even, I think that would be sufficient. 😢
The BSC Golden Dog is about to arrive. People have mixed feelings about BSC; they complain while still investing!
Previously, it was analyzed that, on the surface, BSC does not have much competitive advantage in the memecoin market compared to the SOL chain. From the perspective of project teams, since $TRUMP launched on the SOL chain, it has attracted a large number of foreign celebrities and project teams.
Most Golden Dog projects have emerged on Solana, and domestic projects have not gained traction; the meme market still relies on these foreigners.
From the users' perspective, the frequent emergence of Golden Dogs naturally attracts user traffic. In terms of beneficial effects, SOL has already far surpassed #BSC.
But does BSC really have no chance at all? Not really. Players who genuinely engage in meme coins do not care which chain they are on; rather, they care about where the Golden Dog appears. CZ's shift from previously looking down on the MEME market to now leading MEME indicates a change in his attitude towards the market. Whether it’s $TST, $TCC, or the highly anticipated DOG mentioned by CZ, the Golden Dog effect is already showing. CZ is definitely aiming for something big this time.
With the Golden Dog effect in play, most users are concerned with just two issues.
First, many people complain about the numerous traps and insider trading on BSC. This is because the market has not yet developed. Similar to the development of a city, if the population base is insufficient, it is naturally difficult to upgrade infrastructure. If the market genuinely develops to the scale of SOL now, derivative tools will naturally emerge, continuously improving over time.
Second, there’s the cross-chain issue. Many people have become accustomed to trading on the SOL chain, with funds stored there. To frequently participate in BSC's meme coin projects, they must go through cumbersome cross-chain processes. Often, Golden Dogs do not wait for anyone, and if the operation is slow, one might miss out entirely.
Today, the BNBCHAIN official also recommended UseUniversalX as the best tool for cross-chain meme coin trading on BSC. You can easily buy tokens on BSC with assets from the SOL chain without cross-chain hassle. If you haven't registered yet, make sure to do it quickly!
According to CZ's tweets, a big Golden Dog is sure to emerge on BSC in the next few days. Prepare your positions, keep a close eye on the market, and get ready for BSC meme coin trading!
What kind of coin is this $BERA ? It’s so powerful. I only have 0.0009 bnb, which is worth 0.5U, but I was given this coin worth 0.2. Then the big bnb holders must have made a lot of money. It’s too crazy to directly give away half of the BNB warehouse😳😳😳😳😳
Miner machine cost? Local rent? Technical only salary?
Crypto飞哥
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I asked some miner friends
The current mining cost is basically between 40,000 and 60,000 yuan (depending on the electricity fee). If the electricity fee can be reduced to less than 0.12 yuan, the cost can basically be no more than 50,000 yuan. After all, it has now been involved in the fields of new energy and clean energy such as nuclear power/radio/geothermal energy. In the long run, the electricity fee will be further reduced.
If calculated according to the normal distribution, the current miner cost after halving is about 52,000 yuan, that is, the point of 52,000 when the market closed on August 5 last year is a very strong "cost bottom".
It has always been said that the price of cake is difficult to be lower than the average cost price of miners, and even 15% above it will have a large inflow of funds. This is also the reason why it was difficult to break 15,000 when the bottom price was estimated at the end of 22. Of course, it may also be a cost estimation error. After all, the variance of electricity fees of various companies is too large.
If there is a chance to break 6 in the next bear market, you must prepare funds to buy spot Bitcoin.
You can unfollow the big v who said it will drop to 30,000 or 40,000. Such people don’t understand Bitcoin and are harming other people’s futures. After 29 days, the cost of mining was more than 50,000. It is useless to say that it will reach 40,000 and blindly use technical analysis. #BTC🔥🔥🔥🔥
If it absorbs hundreds of millions, then this market shouldn't be played with. How much has the usual increased, you don't say? During the big bull in March, you didn't mention those XAI 300% gains? If you're not optimistic, then go short.
Market Cap and Price Predictions at Bull Market Highs According to the observation of market trends in the past few bull markets, the total market capitalization of the Crypto market usually falls back to the high point of the previous bull market during the bear market. For example:
2019: The market cap fell about 80% from its highs. 2022: Market cap also drops by about 80%. Assuming a similarly sharp pullback in market capitalization (approximately 65-75%) in the next bear market, the market capitalization is expected to fall to approximately $2.8 trillion. According to this extrapolation, during the peak of the bull market, the market value may reach the level of 8 trillion US dollars.
Market capitalization ratio and price speculation of the top 10 currencies Historical data shows that the market capitalization of the top 10 cryptocurrencies (excluding stablecoins) accounts for approximately 80% of the total market capitalization, or approximately $6.4 trillion. Based on the proportions of the past two bull markets, the prices of major cryptocurrencies at the high point of the bull market may be as follows:
Bitcoin (BTC): $130,000 - $140,000 Ethereum (ETH): $10,000 - $11,000 Solana (SOL): $700 - $800 Ripple (XRP): $5 Binance Coin (BNB): $3,000 - $3,200 Dogecoin (DOGE): $1.5 High prices typically only last a few weeks.
Megadrop’s 0 mission score is also too high 400,000 people came to do the task, and they all got 400 million points, and the profits from locking up bnb were divided.
0游The pledge threshold is too low. At least 0.5-1 bnb must be pledged. It can stimulate currency prices and at the same time hit studios.
If this continues, megadrop will only become a plaything of the studio.
$BNB In fact, xai, ethfi, ena, etc. have all increased by 3 or 4 times. The market has been falling in recent months. Other currencies have dropped by 6 or 7. Is there anyone complaining? Why only blame the launchpool project?
I have always been used to selling immediately after listing, but this time it sold out. The opening price is indeed low, I just sold it casually without paying careful attention.
You can unfollow the big v who said it will drop to 30,000 or 40,000. Such people don’t understand Bitcoin and are harming other people’s futures. After 29 days, the cost of mining was more than 50,000. It is useless to say that it will reach 40,000 and blindly use technical analysis. #BTC🔥🔥🔥🔥
#BTC I’d like to ask after the BTC halving, if miners switch to mining Dogecoin and then exchange it back for Bitcoin, doesn’t that mean they can ignore the reduced income after the halving?
1. Only post pictures of the % earned and never say how much money was purchased. Second, push more than ten altcoins at once, and one of them will show off its power after it skyrockets. Third, when the price plummeted, they said they were too busy and did not update. The high price was already 90% sold. Fourth, it is said every day that the contract will earn more than 100% and you will earn more than 10 U of monthly VIP group fees.
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Save a Bitcoin for your child, what will he get in the future?
Suppose your child is born today and it is 2048 when he graduates from college and enters society. The output of each Bitcoin block in 2048 is 0.048 BTC, which is 130 times less than now. According to the current cost, it is about 5 million US dollars. We are conservative About one point three million dollars.
While other people's children have graduated from college and are worrying about work and future life, your children will be financially free directly with three million US dollars.
''Dad, when you were young, Bitcoin was only $40,000, why didn't you buy more''
Is Bitcoin expensive now? No, not expensive at all
Bitcoin’s mining dfficulty has more than doubled in the past year
The cost of Bitcoin for miners is almost 40,000. The latest model 300TH mining machine sells for 11,000 US dollars and can only produce 20 US dollars a day.
To give you an example, Apple costs 10 yuan to deliver. Now the market only sells it for 10.5 yuan. Do you still imagine that it can drop to 7 yuan and 6 yuan?
In a few months, Apple's shipments will drop by half. How much will Apple sell for?