On the daily time frame, the coin has broken out of the descending channel pattern and has breached the resistance trend line of the pattern. The 50 days MA indicator acts as support for the current price movement, providing upward momentum. A retest of the broken resistance trend line may occur, and if the retest is successful, it will confirm the upward momentum. We could see a move towards the main resistance area at $750.
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ā¼ļø Beware of "Honeypot Scams" in Web3 ā¼ļø Did you know there's a type of scam called "Honeypot Scam" in the Web3 world? šš° What is a Honeypot Scam? It's a trap set by fake smart contracts to lure you into investing, then prevents you from withdrawing your money after depositing. Simply put, things seem great at first, but in the end, you're stuck in a trap and can't get out. š” How to protect yourself? 1. Check the smart contracts! š Use platforms like Etherscan and BscScan to inspect contracts before interacting with them. 2. Avoid overly tempting offers! š« If the offer seems too good to be true, there's a high chance it's a trap. 3. Use reliable wallets! š Use well-known wallets like Binance Wallet that provide additional layers of protection against fraud. š¤ Have you ever encountered such scams? Share your experience in the comments, and always make sure to review every step before making any investment. Always stay vigilant and protect your money in the Web3 world! #Web3 #Web3Security #HoneypotScams $BTC $ETH $BNB #BinanceHODLerSIGN #BinanceAlphaPoints #dinnerwithtrump #EthereumFuture
The recent shakeup in the altcoin market may have already occurred with Bitcoin's market share rising to 66% and then correcting from the resistance trend line.
#XRPETF ļæ½ The Concept of Mining in the World of Digital Currencies
š¹ What is Mining? Mining is the process of verifying digital transactions and adding them to a public ledger known as the Blockchain. Miners use powerful computers to solve complex mathematical equations; the first to succeed in solving is rewarded by adding a new āblockā to the network and receives rewards in digital currencies and transaction fees.
š¹ Importance of Mining: ⢠Enhancing Security: It secures the network by verifying the validity of transactions and preventing any manipulation. ⢠Supporting Decentralization: It distributes the power of the network among many miners around the world, reducing the risk of control. ⢠Creating New Currencies: It is the primary source for producing new digital currencies across various networks.
š¹ Advice for Investors: Before considering entering the world of mining, make sure to carefully evaluate the costs: ⢠Cost of equipment ⢠Electricity consumption ⢠Increasing mining difficulty Mining is not profitable for everyone, so study its feasibility carefully.
#XRPETF Technical Analysis: ⢠The current price is approximately $0.1905 with a daily decline of 5.35% and a 7-day decline of -31%. ⢠However, the currency recorded an increase over 30 days of +207% and over 90 days of +84%, reflecting renewed interest from investors recently. ⢠The highest price in 24 hours reached $0.2020, and the lowest price was $0.1904, with a noticeable decline in trading volumes after a sharp jump. ⢠Technically, the stock is going through a correction phase after a strong price explosion, but as long as it maintains support in the area of $0.18$ - $0.17, the medium-term trend remains upward. ⢠Note: The stock has risen over 30 days by more than 185%, which may enhance the chances of additional corrections before resuming the rise.
āø»
Summary: ⢠Fundamentally, a strong project with real applications in the institutional market. ⢠Technically, despite the current correction, holding above support areas may open the door for a new upward attempt. ⢠Be cautious of short-term volatility and monitor support closely.
#XRPETF Technical Analysis: ⢠The current price is approximately $0.1905, with a daily decrease of 5.35% and a 7-day decrease of -31%. ⢠However, the currency recorded an increase over 30 days of +207% and +84% over 90 days, reflecting renewed interest from investors recently. ⢠The highest price in the last 24 hours was $0.2020, and the lowest price was $0.1904, with a noticeable decline in trading volumes after a sharp spike. ⢠Technically, the stock is undergoing a correction phase after a strong price explosion, but as long as it maintains support in the range of $0.18$ - 0.17, the medium-term trend remains bullish. ⢠Note: The stock has risen over 30 days by more than 185%, which may enhance the chances of additional corrections before resuming the upward movement.
āø»
Summary: ⢠Fundamentally, a strong project with real applications in the institutional market. ⢠Technically, despite the current correction, holding above support areas may open the door for a new upward attempt. ⢠Be cautious of short-term volatility, and monitor support closely.
Technical Analysis: ⢠The current price is approximately $0.1905 with a daily drop of 5.35% and a 7-day drop of -31%. ⢠However, the currency recorded an increase over 30 days of +207%, and +84% over 90 days, reflecting renewed interest from investors recently. ⢠The highest price in 24 hours reached $0.2020, and the lowest price was $0.1904, with a noticeable decline in trading volumes after a sharp jump. ⢠Technically, the stock is undergoing a correction after a strong price explosion, but as long as it maintains support in the area of $0.18$ - $0.17, the medium-term trend remains bullish. ⢠Note: The stock has risen over 30 days by more than 185%, which may enhance prospects for further corrections before completing the ascent.
āø»
Summary: ⢠Fundamentally, it is a strong project with real applications in the institutional market. ⢠Technically, despite the current correction, holding above support areas may open the door for a new attempt at rising. ⢠Be cautious of short-term volatility, and monitor support closely.
š¹ Fundamental Analysis: ⢠The AERGO project is an open-source blockchain platform specifically designed for enterprise applications, combining public and private networks (Hybrid Blockchain). ⢠Backed by Blocko, a South Korean company supported by Samsung, which has implemented solutions for major clients such as: Lotte Card, Shinhan Bank, Hyundai Motors, and Korea Exchange. ⢠The platform provides smart contracts that support Lua and SQL, facilitating the development of decentralized applications (DApps). ⢠Use cases include biometric authentication, identity management, and smart financial systems, giving AERGO a solid foundation in the enterprise market. #xrpetf #BinanceAlphaPoints #BinanceAlphaAlert #dinnerwithtrump CryptoMarketCapBackTo$3T#BinanceAlphaPoints $BTC $ETH $BNB
šØ Urgent: A historic step shakes the arena! The company "Digital Commodity Capital," listed on the NASDAQ, officially announces the addition of currency #XRP to its stock portfolio, sending a strong message that the future is for digital currencies! As Ripple approaches the end of its legal battle with the U.S. Securities and Exchange Commission, this public support from a public company ignites expectations for a new launch of #XRP towards broader horizons! Get ready... the next phase will be fiery! #XRP #RLUSD šš $XRP $ETH $SOL #BinanceAlphaPoints #TariffPause #INitOnBinance #INitOnBinance #INitOnBinance