On February 15, 2025, Argentine President Milei announced the launch of the Meme Coin LIBRA, triggering a sharp rise and fall in coin prices, making the future direction of the cryptocurrency market full of uncertainties.
In the short term, investor trust has been damaged, leading to panic selling, price declines, and a cooling of trading.
In the long term, the market will tend to rationality, with funds flowing towards fundamentally sound projects. From a regulatory standpoint, the event has exposed regulatory loopholes, leading to increasing calls for stricter regulations in various countries, which may promote global regulatory coordination and cooperation in the future.
In terms of technology and innovation, to mitigate risks, the upgrade of blockchain technology and the exploration of innovative applications will accelerate. Regarding industry development, there will be an accelerated reshuffling, with weaker projects being eliminated, and self-regulation within the industry will continue to strengthen.
Follow me to stay updated on the latest information and consultation in the cryptocurrency market.
Gmgmgm Square Fam! This is the 93rd edition of #ICP Pulse [Season 3], your daily dose of all things Internet Computer. We are just a week ahead on wrapping up this season💪 The key is to educate the masses on gud tech🚀 However, It's time for our weekly recap, so buckle up as we head towards the trenches for advanced alpha and stats. Let's go🫡
1/ $ICP Price Action
Gladly, this week's candle remains green, thanks to the traders. Last week, after dipping to as low as 5.6 USD, we are now at 7.2 USD, accounting for a 30% increment since that event. Now into the numbers: Support: 6.8 -7.1 USD Resistance: 7.3 - 8.0 USD Other conditions: RSI casually sitting at 42, heading towards the neutral zone. In addition, we must close this week's candle at least around 7.3 - 7.4 USD; otherwise, we must look out for next week's candle to continue the upward scenario. Also, open interest is at its lowest level at 51M, with net positive funding rates as of press time.
Do note that we are discussing long-term price action here, due to the massive volatility in the cryptocurrency market. Now, we wait🫡 As always, remember to do proper research before aping in AS THIS IS NFA🙏
2/ Onchain Stats Sources: ICP Dashboard, TokenTerminal and ICTerminal
🟪Internet Identity Count
Hmm. Not bad btw. This week, although we saw a slight dip in this metric, the Internet Computer was able to onboard around 2.4K+ entities into the ecosystem.
🟪Burned ICP Stats
Well, another parabolic week on the Internet computer, where we saw 68K+ ICP, worth at least 497K USD vanishing from the circulation supply.
🟪Canisters Stats
Well, devs continue to cook🍳 As a result, this week we saw 8K+ canisters being activated in order to boost usage and utility across the Internet Computer Mainnet. LFG
🟪Mcap vs Fees [Weekly] | tokenterminal
Steady marketcap and gud curve of fees, which is nice. This results in 438K USD in fees, within this calendar week on ICP while ranging in an impressive 3.5B - 3.9B marketcap.
🟪Number of Active Addresses | ICTerminal
Activity keeps growing, and so did the active address count, resulting in 61K+ active addresses roaming across the ICP mainnet this week.
5/ Inside the ICVerse🧑🚀 🟪9 Voting Proposals in the NNS. 🟪1 Voting Proposal each in the OpenChat, NFID, and GoldDAO SNSs.
Note: analytics are calculated on weekly indicators. 🟪TVL on NNS: 1.694 Billion USD [🔺5.4%] 🟪TVL on ICP DeFi By DefiLlama: 34.2M USD [🔻3.74%]
Updates from the DFINITY Foundation🔮 ➡️The pattern-matching library for the Motoko programming language is now live. ➡️An explanation of how files can be directly stored on ICP is live via icp ninja. ➡️An algorithm that calculates BTC addresses through the ckBTC canister is now live, thanks to community dev mr_research_ag ➡️In addition, this week was full of excitement, from the SF office launch to Dr Jan Camensich and PierreSamaties' keynote speeches in the US🦅
6/ Updates from the ICP ecosystem ➡️FuelEV completes SNS swap with over 200K ICP being committed. ➡️DecideAI_ releases their new reputation system. ➡️A prediction market is in the works on kongswap. ➡️nobleblocks will be at web3amsterdam next march. ➡️OpenFPL publishes info on their upcoming rebranding along with many important updates. ➡️junobuild pepares to ship v0.0.44 to production.
So, Here I wrap up for the day😇 Hats off for staying this far🫡 Now, before we wind up, feel free to share this with everyone who might lack some ICP Alpha, especially to our #BNBRiseContinues fam.
And finally, before you go... I've put a lot of effort and time into this series, so if you don't mind, please consider liking this episode and supporting me by subscribing. This will help me provide you with more quality information, thank you🫶
Now go unplug those wallets, and revoke your permissions as we meet the weekend 🥳 Btw, stay tuned for today's educational quiz✌️
I'll see ya next week with your daily dose on ICP🫡 Until then, Take care👋
Today's market is likely to be good, free big family strategy channel, long order assignments have been issued early in the morning Today is Valentine's Day again ETH red envelopes🧧Let's go Brother Hunter㊗️Brothers' love Like a perfect transaction Accurate and full of benefits😃
Why did it rise so well, only to suddenly fall? The tradition in this circle is that the market always drops during meetings. Tonight, Mr. Powell will speak again, and his speech has directly shaken the market's upward momentum.
Before the market is about to correct, Taco promptly reminds us to reduce overall positions. After reducing, the market began to pull back; it seems that Bitcoin has not yet stabilized and is still in a recovery state.
At 11 o'clock, the line changes; Bitcoin must stabilize above the 97,000 mark to stop this round of decline. During this process, there may still be spikes, coupled with the uncertainty of Mr. Powell's speech, so be prepared for both upward and downward spikes.
Today we reduce positions to first avoid Mr. Powell's speech, fearing sudden negative news could hit the crypto market, and to avoid dropping below the CPI data tomorrow at 9:30. Friends who opened positions these past two days need to be particularly cautious and prepare for risk management.
Continue to follow Taco, align with the trend, and help you judge the current market trend, future market direction, and potential hot coins. These are all areas where Taco excels, and you just need to click follow to be informed immediately.
🧧👇Yesterday, Monday, we executed a total of 2 contract strategies, both being BTC long strategies, one intraday and one for sleeping, with 2 take profits and 0 stop losses.
The 1st order was: an impulsive market buy for BTC at 95800 during the day, reaching the take profit target of 98188 before going to sleep at night, with 100x leverage, resulting in a profit of over 200%.
The 2nd order was: a long BTC strategy at 97500 for sleeping, which broke even after taking a 20% position profit at 98000 but continued to enter at a point that was a breakout after 98000, with a small stop loss, which can also be considered as a profit. 👉马前炮无脑看多BTC策略 flipping the account 👉返来
BNB coin, the native cryptocurrency of the Binance ecosystem, has come a long way since its launch in 2017!
Initially created as a utility token for discounted trading fees on the Binance exchange, BNB has evolved into a powerhouse fueling the entire Binance ecosystem!
Here are some key use cases:
- *Discounted Trading Fees*: Get up to 25% off trading fees on Binance - *Binance Smart Chain*: Use BNB as gas for transactions on BSC - *Binance NFT*: Purchase exclusive NFTs with BNB - *Travel and Entertainment*: Book flights, hotels, and entertainment services with BNB
With its growing adoption, burning mechanism, and increasing demand, BNB's potential for long-term growth is immense!
It’s another weekend day, and I still haven’t rested, choosing to work overtime. The weather has turned colder, the chill becoming more pronounced, as if reminding me that winter has not yet passed. Soon, the school bell will ring again, signaling the start of a new semester, and how long will this round of market fluctuations continue?
Currently, the market seems to show signs of rebounding after a round of decline, but the pressure above should not be underestimated. BTC's support around 95,000 is still relatively solid for now, but the resistance at 99,000 and 100,000 is significant, and a breakthrough will require time and strength. And now, BTC has seen five consecutive bearish candles; it can't really be practicing a set of “Nine Yin True Classic”...
I still look forward to a few days of positive gains, to the moment when capital rises back to 10,000 U. At present, I have already closed the program, allowing it to enter a pending order and closing state, to avoid the risk of a small rebound followed by another downward sell-off. The current top priority remains to recover the principal; this is the foundation to stand on.
When the market is sluggish, it is indeed hard to endure; each decline feels like a double test of patience and confidence. But I always believe that it takes time to thaw the ice. As long as the heart faces the sunshine, there will always be a day to break the ice.
Stay steady, persist, and embrace the turning point.
It’s another weekend day, and I still haven’t rested, choosing to work overtime. The weather has turned colder, the chill becoming more pronounced, as if reminding me that winter has not yet passed. Soon, the school bell will ring again, signaling the start of a new semester, and how long will this round of market fluctuations continue?
Currently, the market seems to show signs of rebounding after a round of decline, but the pressure above should not be underestimated. BTC's support around 95,000 is still relatively solid for now, but the resistance at 99,000 and 100,000 is significant, and a breakthrough will require time and strength. And now, BTC has seen five consecutive bearish candles; it can't really be practicing a set of “Nine Yin True Classic”...
I still look forward to a few days of positive gains, to the moment when capital rises back to 10,000 U. At present, I have already closed the program, allowing it to enter a pending order and closing state, to avoid the risk of a small rebound followed by another downward sell-off. The current top priority remains to recover the principal; this is the foundation to stand on.
When the market is sluggish, it is indeed hard to endure; each decline feels like a double test of patience and confidence. But I always believe that it takes time to thaw the ice. As long as the heart faces the sunshine, there will always be a day to break the ice.
Stay steady, persist, and embrace the turning point.
It’s another weekend day, and I still haven’t rested, choosing to work overtime. The weather has turned colder, the chill becoming more pronounced, as if reminding me that winter has not yet passed. Soon, the school bell will ring again, signaling the start of a new semester, and how long will this round of market fluctuations continue?
Currently, the market seems to show signs of rebounding after a round of decline, but the pressure above should not be underestimated. BTC's support around 95,000 is still relatively solid for now, but the resistance at 99,000 and 100,000 is significant, and a breakthrough will require time and strength. And now, BTC has seen five consecutive bearish candles; it can't really be practicing a set of “Nine Yin True Classic”...
I still look forward to a few days of positive gains, to the moment when capital rises back to 10,000 U. At present, I have already closed the program, allowing it to enter a pending order and closing state, to avoid the risk of a small rebound followed by another downward sell-off. The current top priority remains to recover the principal; this is the foundation to stand on.
When the market is sluggish, it is indeed hard to endure; each decline feels like a double test of patience and confidence. But I always believe that it takes time to thaw the ice. As long as the heart faces the sunshine, there will always be a day to break the ice.
Stay steady, persist, and embrace the turning point.
The 'Whale's Moment' has struck again! A massive $100M+ $BTC transaction has been spotted on the blockchain, sparking speculation about the market's next move.
Will this whale's move trigger a market rally or a downturn? Share your thoughts!
Stay tuned for real-time market updates and crypto news!
As of February 9, 2025, Berachain's native token, BERA, is trading at approximately $5.84, experiencing a slight decrease of 0.10% from the previous close.
Recently, BERA has been listed on major exchanges, including Binance and BingX, which has contributed to increased trading activity and liquidity.
Analysts have varying perspectives on BERA's future performance. Some forecasts suggest a potential rise to $300 by the end of 2025, citing Berachain's innovative Proof-of-Liquidity consensus mechanism and its growing ecosystem. However, it's important to note that the cryptocurrency market is highly volatile, and such predictions should be approached with caution.
In summary, while BERA has shown promising developments and market interest, investors should conduct thorough research and consider the inherent risks associated with cryptocurrency investments.
BNB is a good big brother, recently focused on mainstream coins, no longer wanting to deal much with altcoin contracts. Altcoin contracts should mainly be small positions because their volatility is too high. Family members, don't invest large amounts in altcoins. Focus on low ETH longs, and even if profits increase, take profit in batches.
🧧👇We were not idle during the weekend. We bought TST, which has been popular in the past two days, at a low point. Most of our friends made 1 to 3 times the profit, and the small capital also turned over the position.
Next week, we need to pay attention to Trump's big hammer on tariffs. If this big hammer lands, Bitcoin will explode. #TST #翻仓 👉返佣来