šøWell Bitcoin Dominance did how I anticipated and Altcoins are having some best times of their lives. Everyone is fomoing thinking they'll multiply their portfolio overnight. Well guess what, here lies the Btc Dominance's Area of Interest.
šøI can see many influencers calling it the ultimate Alt season & calling for dominance to doom towards 40 directly. Such Analysts are either to stupid to see the bigger picture or really fool their userbase. Don't get trappe
Ripple CTO: RLUSD is Expected to be in Low Supply at the Beginning of its Launch
On December 16, #Ripple CTO David Schwartz said that Ripple's dollar-pegged stablecoin may be "short in supply" in the early stages of its launch, but he warned investors not to "FOMO." He expects RippleUSD (RLUSD) to see large fluctuations $XRP immediately after launch, and although the token is designed to maintain a 1:1 peg with the US dollar, there are still several large orders. He pointed out that before the launch, some small initial pre-listing bids for the currently unissued RLUSD arti
āØThousands of $RLUSD Trustlines are being activated every minute, with billions of $RLUSD flowing in. Exchanges are gearing up ā $XRP is about to skyrocket! š
Thereās a common misconception that Iām going to clear up for you today.
When a new coin launches, and you see a percentage increase based on the low of the first candle and the current price, like $VANA being up 2400%, many people believe that some individuals bought it at $1 and others at $25.70.
Hereās the truth: When Binance adds a new coin, they must provide three prices before trading begins:
1. Opening price
2. High of the day
3. Low of the day
For example, #VANA had a low of $1, a high of $25.70 on the first candle, and an opening price around $21.79. The low price is typically based on the coin's ICO or launchpad price, while the high is either random or based on CoinMarketCap if the coin is already trading on other exchanges. Sometimes, both the low and high are arbitrary numbers, depending on the market cap at the time of launch.
The percentage you see is simply the difference between the ICO/launchpad price and the current market price. It reflects the returns made by ICO or seed investors.
As I mentioned, Binance has to set those three prices before trading starts, so thereās no way anyone bought it at $1 or $25.70 when trading began. Everyone buys at the price where trading starts.
Donāt be impressed by these numbers. Understand how things actually workāitās important.
š„New Ethereum-based memecoin $CULT hit a peak FDV of $845M on launch day, stabilizing at $630M shortly after.
šFDV gives insight into a token's total potential valueā$CULT's numbers are making waves.
š±Mogcoin ($MOG) claws its way to the top, dethroning Popcat as the largest cat-themed coin with a $1.46B market cap, clinching the #9 spot on the meme coin sector!
Litecoin ($LTC) and Ripple ($XRP) charts are nearly 100% identical, following a precise 6-step sequence:
1ļøā£ Consolidation at mid-rally. 2ļøā£ Rally continuation to the all-time high (ATH). 3ļøā£ Rounding bottom accumulation (Adam & Eve for LTC). 4ļøā£ Distribution phase marking a temporary peak. 5ļøā£ Ascending triangle accumulation, signaling upcoming strength. 6ļøā£ Rally breakout above the monthly horizontal resistance.
š Key Insight: Both #LTC #XRP interact with the mid-zone levels consistently, s
$LTC almost 100% Identical to XRP chart with few exceptionsšāāļø
1 Step - consolidation in the middle of the rally 2 Step - rally continuation to ATH 3 Step - rounding bottom accumulation (Adam & Eve for LTC) 4 Step - distribution 5 Step - ascending triangle accumulation 6 Step - rally and breakout of monthly horizontal resistance
Also pay attention how š° Litecoin accurately interacts with a mid-zone just as š° Ripple doesš¤
It's time to release the rally and complete the 6th Stepš Fol
š Binance has unveiled its 62nd Launchpool initiative ā VANA! Beginning December 14, 2024, users can stake their BNB and FDUSD to earn VANA tokens through airdrops over a two-day period.
šļø Key Dates: Farming Begins: Dec 14, 2024, 00:00 (UTC) Binance Listing: Dec 16, 2024, 10:00 (UTC)
"IMO, corrections willĀ happen with in 2 weeksĀ and a flash crash is likely to happen inducing a massive liquidation crash across Altcoins. You can use those as an opportunity to get into the markets only if you have some liquidity to buy dips. Treat them as blessing"
Result:- In just 6 days, 260 billion wiped out from the Altcoin Market Cap in a single candle. They made you buy every dip over the last few days and all the normies got liquidated now in a single candle.
That's why I say, choose your influencer carefully.
We'll start scaling In Altcoins as in bull Market, these are opportunities
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Ethereum managed to tag 4000 psychological resistance and hit our first Mid term Target. I feel March 2024 highs should give it a pause and we must visit my First point of interest below $3.6k.
What i feel is going to happen is market makers may tag above 4k one more time, probably 4.1k, make everyone Bullish, gather aggresive late longs & then final flush with alts tanking more or we simply & slowly fall from here to 3600 region, consolidate there a little & then bounce back
The $Bitcoin price chart indicates a critical triangle pattern, suggesting a pivotal moment ahead:
Breakout Signal:
A daily close above 104,268 will confirm bullish momentum, potentially leading to a significant upward pump. This level is the key resistance defining the breakout.
Breakdown Risk:
Conversely, a daily close below 90,775 could trigger a dump scenario, with bearish pressure accelerating the decline.