How will $VELODROME finish 2024? #Write2Earn! | AD on Binance Square

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How will $VELODROME finish 2024?
#Write2Earn! 

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Hey Fam! On December 23, 2024, Solana's network activity hit a new peak, processing a record-breaking 72.8 million transactions in a single day. This impressive feat surpassed the combined total of other major blockchains, highlighting Solana's growing prominence in the crypto space. Despite this surge in network activity, SOL's price has faced some headwinds. On December 23, SOL closed at $189.75, showing a slight dip from previous days. However, by December 25, the price had rebounded to $199.62, indicating potential signs of stabilization. Market sentiment around Solana remains cautiously optimistic. The increase in transaction volume and network activity suggests a strong and growing user base. However, the recent price fluctuations indicate that investors should stay alert and consider both the opportunities and risks associated with SOL. As always, keep an eye on the market trends and make informed decisions. Happy trading! #solana #GrayscaleHorizenTrust #MarketRebound #BTCNextMove #Write2Earn

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Hey Fam! Recent reports reveal that India has missed out on a whopping ₹6,000 crore in tax revenue as traders flock to foreign platforms. Despite the government's efforts to tighten the reins, offshore exchange activity by Indian traders has skyrocketed by 77%. Experts suggest that tweaking the tax landscape—like reducing the TDS and revising current laws—could potentially bring back between ₹9,169 crore and ₹18,338 crore over the next five years. Creating a balanced and trader-friendly tax policy is key to ensuring that India benefits from the growing crypto market. With better regulations, the government can boost investor trust, retain capital within the country, and unlock the full potential of the crypto economy. In the meantime, the crypto market remains as dynamic as ever. Bitcoin and Ethereum continue to lead the pack, with altcoins like XRP making significant moves. Market sentiment is cautiously optimistic, but as always, volatility is the name of the game. #BTCNextMove #MarketRebound #India #Write2Earn

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On December 23, ARK sold 13,040 Tesla shares, raking in about $5.6 million. This adds to the 214,031 shares they've offloaded this month, totaling over $92 million. Despite these sales, Tesla remains ARK's top holding, with 2,530,383 shares valued at a cool $1.09 billion, making up 16.13% of their portfolio. Now, you might wonder, why sell if they're still bullish? It's all about keeping the portfolio balanced. As Tesla's stock price climbs—up nearly 24.8% this month—ARK trims its position to maintain a diversified mix. It's like not putting all your eggs in one basket, even if that basket is performing exceptionally well. Cathie Wood hasn't wavered in her optimism. Earlier this year, she set a price target of $2,600 for Tesla by 2029, envisioning a significant leap from current levels. This ambitious forecast hinges on Tesla's potential dominance in autonomous vehicle technology and the anticipated growth of its robotaxi business. As of December 24, Tesla's stock is trading at $462.28, reflecting a 7.4% increase from the previous close. This surge aligns with the broader market's positive momentum, marking the onset of the Santa Claus rally. In the grand scheme, ARK's strategy showcases a dynamic approach to portfolio management, balancing immediate gains with long-term conviction. It's a dance between seizing current opportunities and staying committed to future prospects. #GrayscaleHorizenTrust #MarketRebound #BTCNextMove #Write2Earn

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Hey Fam! Since Bitcoin’s halving in April 2024, the crypto market has been buzzing with action, and while Bitcoin took center stage early on, altcoins and meme coins have been stealing the show lately. Bitcoin surged to nearly $100,000 this year, gaining 132%, driven by post-halving momentum and spot ETF excitement. But as Bitcoin’s dominance grew, investors began hunting for higher multipliers, and that’s where the real drama unfolded. Dogecoin (DOGE), the original meme coin, became a sensation yet again after Elon Musk was humorously linked to a U.S. “DOGE”-themed government role. This playful moment triggered a 150% rally in November alone, with Dogecoin closing the year up a massive 345%. Its market cap now stands at $60 billion, a testament to its enduring charm. And Pepe (PEPE) wasn’t far behind. With listings on Coinbase and Robinhood, this meme coin saw explosive growth, skyrocketing by 1,722% in 2024. It’s a reminder that in the crypto world, community hype and a touch of humor can turn a joke into a serious player. Meanwhile, more established altcoins also had a stellar year. Ethereum (ETH) climbed 62%, Solana (SOL) gained 119%, and Ripple (XRP) took the spotlight with a jaw-dropping 285% surge in the last quarter alone. Ripple’s gains were powered by regulatory wins and rumors of a spot ETF, briefly pushing it past BNB in market cap rankings. This frenzy highlights the market’s excitement following Bitcoin’s halving, but it also shows how speculative and unpredictable crypto can be. Meme coins thrive on hype and community energy, while major altcoins gain traction from real-world developments. With Bitcoin leading the charge and altcoins following in spectacular fashion, 2024 has been a year to remember. Just don’t forget—volatility is the name of the game. Trade wisely! #BinanceAlphaAlert #GrayscaleHorizenTrust #BTCNextMove #MarketRebound #Write2Earn

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Hey Binance Fam! It looks like VELODROME is experiencing a bit of a rebound, up 10.29% in the last 24 hours to $0.1919. The 24-hour high sits at $0.1977, and the low dropped to $0.1737. The trading volume also looks healthy, with a notable 102.76M VELODROME traded in the last day, suggesting solid activity in the market. On the daily chart, we can see a gradual attempt at recovery after a clear downtrend from the $0.3880 level. The price is currently hovering just below the 7-day moving average (MA7), which is at $0.1935. This could indicate the beginning of a short-term bullish push, but the lack of crossover with longer-term moving averages hints that caution is still warranted. RSI (Relative Strength Index) is sitting at 34.37, edging close to oversold territory. This suggests that the market might still be bearish but could be gearing up for a potential trend reversal. Buyers seem to be regaining control, but they’ll need to break through the resistance near the $0.2243 level for a more convincing rally. Volume analysis shows a drop in trading activity compared to earlier spikes, suggesting that momentum might not yet be strong enough to sustain a larger move. Watch for any surge in volume, as that could signal a more definitive breakout. The overall sentiment around VELODROME appears cautiously optimistic, but traders should keep an eye on macro market trends and Bitcoin's performance since altcoins often follow BTC’s lead. If you’re trading VELODROME, consider setting stop-loss orders to manage risk and look for confirmation of upward momentum before entering long positions. #BinanceLabsBacksUsual #GrayscaleHorizenTrust #MarketRebound #Write2Earn $VELODROME

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