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Wondering what's wrong with $SUI ? well, Sui (SUI) will unlock about 64.19 million tokens at 12:00 AM UTC on November 1, representing 2.32% of the circulating supply, worth approximately $116 million. The unlocking of 64.19 million Sui (SUI) tokens could have several implications for the token and its market 1. Increased Supply: The release of these tokens increases the circulating supply, which can lead to downward pressure on the price if demand does not keep pace with the new supply. 2. Market Sentiment: If investors perceive the unlocking as a sign of confidence from the team or as necessary for ecosystem growth, it could positively impact sentiment. Conversely, if they view it as a potential sell signal, it might lead to bearish reactions. 3. Liquidity: The additional tokens could enhance liquidity in the market, allowing more trading opportunities. This could be beneficial for price stability if managed well. 4. Potential Selling Pressure: If a large portion of the unlocked tokens is sold quickly, it could create significant selling pressure, potentially driving the price down in the short term. 5. Long-Term Impact: If the tokens are used to support ecosystem growth (e.g., funding projects, partnerships), it could foster long-term value, even if there are short-term price fluctuations. In conclusion, the unlocking of SUI tokens could lead to short-term volatility, and its impact will largely depend on market sentiment and the actions of token holders following the unlock. #Dyor2024
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Do you agree with economist Alex Krüger? “Trump winning would be positive for altcoins. I’m not bearish on ETH/USD. But there are many other coins to long. So what will take to turn fundamentals around, change the trend? What will make ETH deflationary again? What’s the argument for betting on ETH rather than BTC + SOL? Gensler out would help enable ETH ETFs (exchange-traded funds) to stake the ETH in custody, making the ETFs more attractive. But it would also open the door for SOL ETFs. I’m no maxi. Welcome others trying to change my mind.”
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Shareholders are increasingly pushing for companies like Microsoft to invest in Bitcoin, viewing it as a potential hedge against inflation and a way to enhance corporate asset diversity. Advocates argue that Bitcoin's price appreciation could significantly benefit shareholder value, especially in a volatile economic environment.However, Microsoft is discouraging this move. The company’s board is urging shareholders to reject a proposal to invest corporate cash in Bitcoin during the upcoming annual meeting. They argue that Microsoft already has effective asset management processes in place, with a Global Treasury team that regularly evaluates various investment opportunities, including cryptocurrencies. The board believes that a public assessment of Bitcoin investment is unnecessary, asserting that such moves could jeopardize shareholder value rather than enhance it. The fact that shareholders are agitating for BTC adoption by Microsoft is good news.
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People lie about news affecting crypto prices primarily to manipulate the market. By spreading false information, they create fear and uncertainty, prompting panic selling and driving prices down. This allows them to profit from short positions. The lack of regulation makes it easier for misinformation to spread without immediate consequences. Social media plays a significant role in amplifying these lies, as misleading information can quickly gain traction and influence investor behavior. Ultimately, the combination of profit motives and the viral nature of information fuels the spread of false news in the crypto space. To navigate this landscape effectively, it's essential to verify information from reliable sources. Consider following reputable news outlets and analysts, and engage in discussions within trusted communities. This approach can help you distinguish between genuine news and misinformation, allowing for more informed investment choices. #NoToBullshitNews
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Buy spot $SUI today and hold till march 2025. Forget about the short term fluctuations.
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