🚀 Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
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Polygon (MATIC) Retests the Range ..Price prediction for MATIC
Over the past 24 hours, MATIC has tanked about 12.5% from highs of around $1.04 to lows of around $0.91, trading below the keenly watched $1 price point for the first time since March 5.
At the time of writing, the asset remains below the $1 price point but has rebounded from the lows to trade around $0.95. How far this momentum can go remains to be seen. Still, the price action follows a TD sequential buy signal highlighted by prominent crypto analyst Ali Martinez on the asset’s 4-hour candle chart.
Zooming out to focus on MATIC’s weekly candle chart shows that the asset is retesting the multi-month range between $0.75 and $1, which it broke out from at the end of February 2024.
How the current weekly candle closes will likely confirm whether the recent price drop is a healthy bull market correction or the beginning of a prolonged market downturn.
A close of the candle above the range, signaling a rejection, could foreshadow a move to fresh highs after a clear retest. However, a close of the candle below the former range high could see MATIC’s price chart a path to lows to around $0.75.
The fierce battle between bulls and bears could see MATIC’s price tightly range over the next few days as the market participants struggle for dominance.
Polygon (MATIC) Back Below $1, Just a Healthy Correction?
Polygon’s MATIC is back below the $1 price level. The asset appears to be retesting a multi-month range. MATIC’s recent price drop follows a market-wide correction. After a whirlwind run in recent weeks primarily led by excitement around inflows to spot Bitcoin ETFs and, most recently, the Ethereum Dencun upgrade, Polygon’s native token MATIC, like the rest of the crypto market, appears to be slowing its roll.
After running to yearly highs at $1.29 moments after the Dencun upgrade, the price of MATIC has tanked sharply and is trading below the $1 price point for the first time in two weeks.
Could this be the beginning of a prolonged downturn, or is it just a healthy correction
#HotTrends BlackRock Unveils ‘BUIDL’ Tokenized Asset Fund on Ethereum—With $5 Million Buy-In
”We are focused on developing solutions in the digital assets space that help solve real problems for our clients,” the firm said.
After leaving financial and crypto market watchers reading tea leaves to divine its next big move, investment titan BlackRock spilled the tea late Wednesday on its tokenized asset fund. Dubbed ‘BUIDL,’ it will be built on the Ethereum network and is the company's first tokenized fund issued on a public blockchain.
The BlackRock USD Institutional Digital Liquidity Fund was first registered in the British Virgin Islands last year.
“BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a blockchain, expanding investor access to on-chain offerings, providing instantaneous and transparent settlement, and allowing for transfers across platforms,” BlackRock said in its announcement.
How Much Has the Ethereum Dencun Upgrade Cut Layer-2 Gas Fees?
The Dencun upgrade has made gas fees on many Ethereum layer-2 networks near-zero. But it has yet to peel users away from the costly mainnet.
Heralded by Ethereum developers as the technical milestone they’d been “dreaming of,” last week’s Dencun upgrade was supposed to forever alter the Ethereum ecosystem—by making transactions on its layer-2 networks exponentially cheaper and thus more accessible.
One week later, how do things stand?
On the whole, Dencun has delivered exactly as promised. Across layer-2 networks that have already integrated the software update, gas fees have plummeted to unprecedented lows, in most cases by over 90%.
At writing, median transaction fees on layer-2 networks Arbitrum, Starknet, Optimism, and Optimism-based chains Base and Zora have all fallen to one cent or below, according to data from Dune and Ethereum analytics platform Grow The Pie. That’s a 91% to 95% drop in cost for each of those networks.
BlackRock Launches Its First Tokenized Asset Fund on Ethereum
BlackRock has announced its first tokenized asset fund called 'BUIDL,' which will be built on the Ethereum network. The fund aims to provide investors with benefits such as on-chain offerings, transparent settlement, and transfers across platforms. Bank of New York Mellon will serve as the custodian of the fund's assets, while Securitize Markets will act as the transfer agent.
Hopes of a spot Ethereum ETF are further eroded as reports emerge that the SEC is investigating the Ethereum Foundation.
A Wednesday report from Fortune revealed that the United States Securities and Exchange Commission (SEC) has opened an inquiry into the Ethereum Foundation. The report shows that the Wall Street top regulator is looking to classify the network’s native coin, ETH, as a security.
A February 26th post on the Ethereum Foundation’s Github repository further confirms the investigation. According to the Swiss non-profit organization’s website, it is facing a voluntary inquiry from a state authority that includes a requirement for confidentiality.
Ethereum Foundation Under the Microscope According to a person familiar with the situation, the SEC started investigating the Ethereum Foundation shortly after the Merge, an event that saw the network switch from Proof of Work (PoW) to Proof of Stake (PoS) in September 2022.
The people familiar with the subpoena noted that the SEC saw the switch as an avenue to classify Ethereum as a security. The persons, who pleaded that they conceal their identities, further revealed that the US top regulator had sent the Swiss-based firm several investigative subpoenas in recent weeks.
Notably, the Ethereum Foundation has gone against its commitment not to conceal any external investigation from state authorities. The footer on its website states thus:
“The Ethereum Foundation (Stiftung Ethereum) has never been contacted by any agency anywhere in the world in a way which requires that contact not to be disclosed. Stiftung Ethereum will publicly disclose any sort of inquiry from government agencies that falls outside the scope of regular business operations.”
The ongoing investigation might have hampered the hopes of the SEC approving a spot Ethereum exchange-traded funds (ETF) by the widely expected May 23. If the question of ETH being a security persists, the SEC will postpone or deny Ether ETF products.
Despite the tumultuous conditions the crypto market is currently going through, XRP has ignited a 125% increase in trading volume. Per data provided by CoinMarketCap, yesterday, XRP showed 138% growth in 24-hour trading volumes, totalling $3.96 billion.
The surge in XRP trading volume emerged during a critical time for a crypto market marked by steep drops in the value of the major digital assets, drawing the attention of both investors and analysts.
There are several factors that could have caused the spike in XRP's volume, however, the exact reason remains unknown. First, it could be investors taking advantage of lower prices in anticipation of a possible recovery. Second, the increased activity may indicate a resurgence of interest in XRP, even though the general market is experiencing a crash
The weekly price of Solana (SOL) has surged, ranging between $132 and $185, marking a notable increase of 14.02%. Presently, Solana is experiencing significant traction, with almost $4 billion in Total Value Locked (TVL) and a stablecoins market cap of $2.6 billion.
The introduction of Bilshare (BILS), an Israeli Shekel-backed stablecoin, on the Solana blockchain has garnered investor interest.
Despite the optimism surrounding Solana’s bullish uptrend, caution is advised as the Relative Strength Index (RSI) stands at 80.50, indicating that Solana (SOL) may be overbought and vulnerable to a potential reversal.
Traders are encouraged to exercise prudence and implement tight stop-loss orders to protect profits amidst market volatility.
Can Solana Break the Golden Ratio Resistance at $170?
Solana (SOL) is nearing the golden ratio resistance at $170, with the potential to retest its ATH of $260 if breached.
Bullish signals include MACD histogram uptrend on monthly chart and strong support against BTC at 0.382 Fib level.
However, bearish indicators such as potential rejection at $170 and bearish MACD on daily chart suggest mixed signals
Solana is nearing the golden ratio resistance at approximately $170, with only about a 10.6% gap to bridge. A breakthrough at this crucial level could begin a new bullish cycle for Solana, potentially leading it to retest its all-time high (ATH) of around $260.
Additionally, the Moving Average Convergence Divergence (MACD) histogram indicates an upward trend on the monthly chart, with the MACD lines in a bullish cross and the Relative Strength Index (RSI) in overbought territory. Notably, there are no signs of bearish divergence or other bearish signals at this time.
Dogwifhat (WIF) Price on Fire: Is $10 the New Target?
In the bustling world of cryptocurrency, Dogwifhat (WIF) has become the talk of the town. Surging by nearly 40%, it has soared to the $3 mark, capturing the attention of eager investors. But is this just a fleeting pump, or is WIF on the cusp of something bigger?
With crypto legend Arthur Hayes predicting a staggering $10 future, excitement is at an all-time high. Dive deeper to find out what’s driving this meme coin’s meteoric rise and whether you should join the frenzy.
The Story Behind It All Born from a meme featuring a Shiba Inu sporting a pink beanie, WIF launched in December 2023, quickly winning hearts within the community. Supporters rallied, raising over $690,000 to showcase the furry mascot on Las Vegas’ iconic Sphere. Surpassing expectations, funds poured in, lighting up the night with WIF’s emblem.
As Bitcoin climbs to new heights, crossing $73,600, meme coins like Dogwifhat are enjoying their moment in the sun. From a humble $0.0047, WIF has skyrocketed by a staggering 55,000%, echoing the broader success of meme currencies.
Also Read: Are Memecoins the Next Big Thing? PEPE, WIF, and BONK Breaking Every New All-Time Highs!
What’s Driving the Surge?
WIF’s rise mirrors the broader trend in meme coins, with smaller players like PEPE and BONK also making waves. With trading volumes soaring, the meme coin market is abuzz with optimism.
A combination of factors is fueling the frenzy. Bitcoin’s resurgence has injected newfound confidence into the crypto market, propelling meme coins to the forefront of investor interest.