- According to Glassnode, when BTC surges, the amount of BTC transferred from personal wallets to exchanges increases, indicating increased profit-taking activity.
2. High leverage:
- Data from Bybt shows that during the May 2021 price drop, more than $10 billion in leveraged positions were liquidated in 24 hours.
3. Market sentiment: - The Fear & Greed Index often reaches "extreme greed" levels before a sharp price correction.
4. Mining activity:
- CoinMetrics shows that miners sell a lot of BTC when the price peaks to cover costs. For example, in December 2017, the amount of BTC sold from mining wallets increased dramatically.
Trend Prediction
1. Short-term: - After the spikes, BTC may experience a price correction due to profit-taking and liquidation of leveraged positions. However, if the fundamentals remain strong, the price may recover quickly.
2. Long-term: - With increasing institutional adoption and the development of blockchain technology, the long-term trend of BTC remains positive. Experts predict that BTC may reach higher prices in the coming years, although there will be short-term fluctuations.
These predictions are based on historical trends and current market factors.
There are only 21 million $BTC in the world. ✅Maximum supply: 21 million Bitcoins.
✅Mined: 19.57 million Bitcoins. ✅Left to mine: 1.43 million Bitcoins.
🇺🇸Encryption protocol explained
Bitcoin uses a cryptographic protocol called SHA-256 (Secure Hash Algorithm 256-bit). This is a cryptographic hash function designed by the US National Security Agency (NSA). SHA-256 creates a 64-character string from any input data, and this string is unique for each different input data.
🇺🇸Key steps in Bitcoin's cryptographic protocol:
Transaction: When a Bitcoin transaction is made, it is broadcast to the network of nodes. Verification: Nodes verify the validity of the transaction by checking the digital signature and account balance. Blocking: Valid transactions are grouped into a block. Decoding: Miners compete to solve a complex SHA-256 cryptographic problem. The first one to solve it adds the new block to the blockchain and receives a reward in Bitcoin. Adding to the blockchain: The new block is added to the blockchain, and the transaction is confirmed.
🇺🇸Scarcity and value
The 21 million Bitcoin supply limit is designed to create scarcity, similar to gold. This protects Bitcoin's value from inflation and increases its value over time. Satoshi Nakamoto chose this number to ensure that Bitcoin would function well whether it became a popular currency or just a small financial instrument. #BTC☀️ #bitcoin☀️
1. Real-Time Data Current Price: $0.4001 USD 24-hour Volume: $382,381,429,191,673.38 USD 2. Technical Analysis RSI Indicator: The RSI (Relative Strength Index) is currently above the neutral zone of 30-70, indicating that DOGE is overbought. Moving Averages (MA): The 50-day and 200-day moving averages are both sloping up, which could be an important support level for DOGE in the future. Ichimoku Cloud: DOGE is trading between the Tenkan-sen and 100 EMA on the 4-hour time frame, with important resistance at the daily Ichimoku Cloud. 3. Price Prediction Based on S2F Model The Stock-to-Flow (S2F) model is based on the ratio between the total amount of assets that have been produced (stock) and the amount of new ones produced (flow) each year. Based on this model: 2025: Dogecoin price could reach around $0.50 USD if the S2F ratio continues to increase and market demand remains stable. 2030: Dogecoin price could reach $1.48 USD or higher. 4. US President-elect: Major political events such as the US President-elect can create huge volatility in the cryptocurrency market. Uncertainty and new policies can either boost or slow down the growth of Dogecoin. Elon Musk and Tesla: Tesla and SpaceX CEO Elon Musk has repeatedly expressed his support for Dogecoin on social media platforms. His statements often cause large fluctuations in the DOGE price. Continued support from influential figures like Musk could boost the value of Dogecoin in the future.
Stock-to-Flow (S2F): This model measures the ratio between the existing amount of an asset (stock) and the amount of new assets produced (flow). For Bitcoin, “stock” is the total number of Bitcoins in existence and “flow” is the number of new Bitcoins mined each year. The S2F model predicts that as this ratio increases, the value of Bitcoin will also increase.
Price prediction: According to the S2F model, Bitcoin price could reach between $100,000 and $288,000 in the current bull cycle. This is based on the increasing scarcity of Bitcoin as the number of new Bitcoins mined decreases with each halving.
Historical Accuracy: The S2F model has accurately predicted previous Bitcoin bull cycles, including the major rallies in 2013 and 2017.
Scarcity: Bitcoin has a limited supply of 21 million $BTC , which increases its scarcity and value over time, especially as demand continues to increase.
✅Strong demand from US ETFs: Exchange-traded funds (ETFs) have created a large amount of demand for Bitcoin. ✅Expectations of the Federal Reserve (Fed) to cut interest rates: Many investors expect that the Fed will soon start a rate cut cycle. 🇺🇸Donald Trump's victory in the US presidential election: This victory has created a wave of optimism among the investor community. ✅Supply scarcity: After the recent halving, the number of new Bitcoins appearing on the market has decreased significantly. ✅Positive market sentiment: The Crypto Fear & Greed Index is currently at 52, indicating that market sentiment is neutral. 💻Big Data Analysis: On-chain analysis: Data from the Bitcoin blockchain shows an increase in the number of transactions and active wallet addresses, reflecting the growth in economic activity on the Bitcoin network. Google Cloud’s BigQuery: Enables detailed analysis of transactions and activity on the Bitcoin blockchain, providing insights into underlying economic factors and market trends.
📈These factors have combined to create a strong bull run for Bitcoin, pushing the price above $90,000.
$BTC uptrend still strong 🇺🇸📈 Based on Fibonacci retracement levels for Bitcoin price:
Low: $85,730.35 High: $91,827.09 Current price: $91,219.40 Important Fibonacci level: 0.236 retracement: $90,401.79 0.382 retracement: $89,420.69 0.5 retracement: $88,778.72 0.618 retracement: $88,136.75 0.786 retracement: $87,155.65 Analysis: Current price is above 0.236 retracement, indicating that the uptrend is still strong.
If the price declines, potential support levels are 0.382 and 0.5 retracement.
♻️BLUM is holding a big airdrop program, allowing users to receive free $BLUM tokens by participating in their ecosystem on Telegram. To participate, users need to connect their wallets and complete simple tasks such as clicking “Start Farming” every 8 hours and completing social tasks.
♻️ Listing Price Prediction $BLUM's price prediction when listed on major exchanges in late September or early October 2024 is as follows: End of 2024: $0.20 2025: $1.00 2050: $50.00
♻️Predictions from reputable platforms: 💱CoinMarketCap: $BLUM price prediction can reach $0.25 by the end of 2024 and $1.50 by 2025 thanks to the popularity of the “tap-to-earn” model and support from the Telegram community. 💱Crypto.com: Comments that $BLUM can reach $0.30 by the end of 2024 and $2.00 by 2025 thanks to derivatives trading and platform expansion. 💱 Binance Research: Appreciates BLUM’s participation in MVB Season 7 and predicts a steady growth in the price of $BLUM, possibly reaching $0.35 by the end of 2024 and $2.50 by 2025 as the project continues to grow and expand. 💱 Market Trend: Growing interest in DEX projects and the “tap-to-earn” model could push $BLUM’s price even higher. However, the volatility of the crypto market is also a factor to consider. #BLUM #Telegram #BinanceWeb3Wallet
Price Forecast $DOGS End of 2024 Big Data plays an important role in analyzing and forecasting the price of DOGS. Analysis methods include:
- Technical Analysis: Using indicators such as RSI, MACD to predict price fluctuations. For example, when DOGS RSI exceeds 70, it may indicate an overbought state and a possible price correction.
- Fundamental Analysis: Assessing the intrinsic value of DOGS based on supply and demand, financial performance. If DOGS has a low number of circulating tokens but high demand, the value may increase.
- Market Sentiment Analysis: Using sentiment from social media and news to understand investor sentiment. When there are many positive articles about DOGS, the price often increases.
- Network Analysis: Assessing the development and operation of the DOGS blockchain. The sharp increase in daily trading volume could be a sign of bullish potential.
Price Prediction $DOGS : - According to CoinCodex, DOGS price could reach $0.003457 by October 2024. - According to Crypto News, DOGS could reach $0.0014 by the end of 2024. - According to DroomDroom, DOGS price could surpass $0.005 by the end of 2024.
Big Data helps improve prediction accuracy and early detection of investment opportunities.
The Blum project is looking very positive due to the following factors:
1. Rapid user growth: Blum reached 20 million users in just 11 days after reaching the 10 million user milestone. This shows the project's appeal and strong growth potential.
2. "Users first, products later" strategy: Blum focuses on attracting users through "free-to-earn" activities and games such as farming, completing tasks, and inviting friends. This helps build a large and loyal user community.
3. Support from Binance Labs: Blum is one of the few Telegram mini app projects selected for Binance Labs' incubation program season 7. This not only brings prestige but also provides the necessary resources and support to develop the project. 4. Clear development roadmap: Blum has announced a development roadmap with many new features such as Tribes, Memepad, and an official product launch by the end of 2024. These features will help improve the user experience and create many new opportunities in the Blum ecosystem.
Expected Blum price!. Currently, there is no official information about the price of Blum token (BLUM). However, with the support from Binance Labs and impressive user growth, BLUM is likely to be listed on major exchanges such as #binance . This can create a strong growth in the value of BLUM in the future.
You can earn BLUM Link in the comment section!. #BLUM
We can apply Fibonacci retracement to identify potential support and resistance levels. Here are some important levels:
38.2% Fibonacci support level: 0.0014348−0.00164×0.382=0.0014085$ 50% Fibonacci support level: 0.0014348−0.00164×0.5=0.0015374$ 61.8% Fibonacci support level: 0.0014348−0.00164×0.618=0.0016663$
If DOGS price continues to rise, we can expect potential resistance levels at:
Note that this is just a prediction based on Fibonacci analysis and the market is always uncertain. Please follow the DOGS price chart and consider other factors to make an investment decision. 🚀 #writetoearn
Eurite ($EURI ) has been listed by Binance and will start trading on the following trading pairs: EUR/EURI and EURI/USDT. Trading will begin on August 28, 2024, 10:00 (UTC). To celebrate the launch, Binance will run a zero-fee promotion for EURI trading pairs. Users can start depositing EURI to prepare for trading. The listing fee for EURI is **0 BNB**. EURI withdrawals will open on August 29, 2024, 10:00 (UTC). Eurite (EURI) is a regulated stablecoin under the *Markets in Crypto-Assets Regulation (MiCA)* in the European Economic Area (EEA), and it is the first stablecoin issued and backed by a bank in the EEA. It ensures safety and regulatory compliance, with fiat funds kept separate and audited to ensure transparency and safety for users. #GravityAlphaMainnet
The current DOGS price is $0.0012244, which is between the 50% and 38.2% Fibonacci retracement levels. To better understand the price trend, we will analyze the Fibonacci retracement levels based on the highest price ($0.0018) and the lowest price ($0.0005454).
Common Fibonacci retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Here are the corresponding price levels:
23.6%: $0.001463 38.2%: $0.001344 50%: $0.001173 61.8%: $0.001002 78.6%: $0.000822 Currently, DOGS price is between the 50% ($0.001173) and 38.2% ($0.001344) levels. This could indicate support at $0.001173 and resistance at $0.001344. If the price continues to rise, the next resistance level could be at $0.001344. Conversely, if the price falls, the support level could be at $0.001173.
XRP Price Prediction Algorithm in August 2024. Uptrend 💹
1. Linear Regression Suppose we have XRP price data for the last 10 days: | Date | Price (USD) | |-----|-----------| | 1 | 0.40 | | 2 | 0.42 | | 3 | 0.41 | | 4 | 0.43 | | 5 | 0.44 | | 6 | 0.45 | | 7 | 0.46 | | 8 | 0.47 | | 9 | 0.48 | | 10 | 0.49 | Using linear regression, we can predict XRP price on day 11: y = mx + b Where: ( y ) is the predicted price. ( m ) is the slope of the regression line.
( x ) is the day.
( b ) is the y-axis intercept.
Suppose ( m = 0.01 ) and ( b = 0.39 ): y=0.01×11+0.39=0.50USD
2. Artificial Neural Network (ANN) Artificial neural networks can learn from historical data to predict future prices. Suppose we train a neural network with the following parameters:
- Number of layers: 3 - Number of neurons per layer: 64 - Activation function: ReLU After training, the neural network predicts the XRP price on the 11th to be 0.58 USD.
3. ARIMA model Using the ARIMA model with parameters (p=1, d=1, q=1), we can predict the XRP price on the 11th to be 0.62 USD.
4. LSTM Model LSTM model can learn from long time series. After training the model with 30 days of data, the predicted XRP price on the 11th is 0.59 USD.
5. Reinforcement Learning Using the Q-learning algorithm, the model learns from the environment and optimizes the trading strategy. The predicted XRP price on the 11th is 0.60 USD.
Note that the above values are for illustration purposes only and are not actual predictions. Would you like to try another algorithm?
Today, the crypto market has experienced a sharp decline with many influencing factors. Here are the key factors:
1. **Bitcoin Volatility**: Bitcoin price has dropped sharply without the impact of Bitcoin ETFs. This caused panic and sell-off across the market. 2. **Correlation with USD index (DXY)**: The crypto market has lost its negative correlation with the USD strength index, making it difficult for investors to predict trends. 3. **Cash flow out of the market**: Many investors have withdrawn money from the crypto market and switched to other investment channels such as stocks². 4. **Huge liquidation loss**: This is the largest liquidation loss since the collapse of FTX to date, causing huge loss to investors. 5. **Unusual Technical Signals**: Technical signals are predicting Bitcoin to enter a downtrend, adding to investor anxiety. #binance #bitcoin #btc #bnb #Web3
Memecoins like Shiba and Pepe often struggle to reach $1 USD, and here are some reasons why:
1. Large supply: Memecoin usually has a huge supply. For example, the Shiba Inu has billions and billions of tokens in circulation. If Shiba reaches $1 per token, its market capitalization will far exceed the total market capitalization of all existing cryptocurrencies.
2. Lack of utility: Memecoins often lack real-world support or significant utility. They are often created as a joke or to commemorate an event. So achieving a price of 1 USD per token is difficult.
3. Market sentiment: Memecoin often depends on market sentiment and the distribution of investors. Price increases and decreases are typically not based on technical or fundamental grounds, but instead depend on community interest and non-technical factors.
However, it is not always possible to predict accurately. There are cases where memecoins have seen significant price increases, like PEPE, but achieving a price of $1 per token remains a major challenge. This also depends on the market situation and community interest in the future. 🚀 $SHIB $PEPE #Shibalnu #PEPE✈
1. **Under $10,000:** - Learn more and actively hunt for airdrops of DeFi projects and mint whitelist of NFT projects. - Build a portfolio of up to 3 coins and understand the up and down cycle for short-term trading.
2. **Under $100,000:** - Allocate medium-term investments to leading coins such as Bitcoin and BNB. - Avoid cryptocurrency margin trading and do not invest in contracts. - Search and analyze potential projects on new public and L2 chains.
3. **From 1 million to 5 million dollars:** - Focus on investing in Bitcoin and doing deeper research. - Maintain a strong mentality, do not sell short, and flexibly use the DeFi lending protocol. - Read books and spend time with family.
4. **Over 5 million to 10 million dollars:** - Hold core coins such as Bitcoin and BNB. - Invest in stable assets and avoid falling into big traps. - Increase social relationships and do not play contracts.
5. **Over $10 million:** - Implement investment strategies in leading digital assets and structure digital assets through potential fields. - The portfolio can start with Bitcoin ($BTC ), Binance Coin ($BNB ), and PEPE ($PEPE ).
Remember to always do your research before investing and maintain patience and perseverance. Wishing you success in investing in cryptocurrency! 🚀 #bitcoin #binance #PEPE✈
⚠️⚠️⚠️ Fraudulent appropriation of assets on Binance. Previously, the account "HC247" scammed and illegally accessed user accounts on the Binance cryptocurrency exchange.
How to gain control: 1. Buy Binance account: HC247 learned how to illegally access users' accounts on the Binance.com cryptocurrency exchange through social networks. Then, HC247 bought Binance accounts. 2. Attach phone number information (junk sim): HC247 attaches phone number information (junk sim) to the account as a communication method and sets up a link with a bank account (not the owner) to do so. payment methods. 3. Fraud via USDT trading: HC247 and his team placed an order to sell an amount of cryptocurrency (USDT) on Binance at a cheap price to attract buyers. When someone buys USDT for sale by HC247, HC247 sends a message not confirming the USDT transfer order code so that the buyer mistakenly thinks the transaction is faulty. Buyers scan the QR code provided by HC247 to support manual USDT transfer order setup. When the buyer clicks on the QR account, the HC247 group immediately takes control of the account, withdraws all the cryptocurrency in the wallet and places an order to sell all that USDT. 4. Amount of money appropriated: From the beginning of 2024 until now, this group has committed more than 50 fraud cases, appropriating about 10 billion VND from many victims in provinces and cities nationwide.
Wishing you always be careful when trading cryptocurrency! 🚀💰 : Source: VTC News Newspaper. #binance #Web3
Experts confirm that this is the time to invest in BNX!. - Short-term prediction (next week): According to CoinCodex, the price of $BNX could fluctuate between $1.013281 (low) and $1.287438 (high) on July 7, 2024. - Medium-term forecast (2024): The average price of $BNX is expected to be $1,326 in 2024, an increase of 1.28% compared to the current price. The projected maximum price for 2024 is $1,775, expected to be reached in November 2024. - Long-term prediction (to 2030): With positive trends and widespread adoption of cryptocurrencies, the average price of $BNX could reach an impressive $21.21, with a possible upper limit up to around $28.88 . However, remember that the cryptocurrency market is always volatile and predictions are for reference only. Before investing, do your research carefully and consider all relevant factors. Wish you good luck in investing!. #BNX #BNX/USDT
"Experts claim that investing $1,000 USD in cryptocurrencies today could help you buy a new home by 2025.” 🏠💰
1. CYBRO ($CYBRO): - CYBRO is a pioneering marketplace that utilizes the profit potential of the Blast blockchain. - CYBRO token raised beyond $1 million in presale, promising a strong ROI of 140%. - Investors who pledge a minimum of $1,000 USD in the presale will receive weekly ETH rewards. - After TGE in Q3 2024, CYBRO will offer benefits such as cashback, reduced trading and lending fees, staking rewards and exclusive airdrops.
2. zkSync ($ZK ): - ZK is currently trading between $0.0769 USD and $0.2769 USD. - Positive monthly trend, with an impressive increase of 74.84%. - With the RSI at 44.75 and Stochastic at 24.90, there is still room for growth. 3. Cardano ($ADA ): - ADA is between $0.35 USD and $0.41 USD, showing signs of a possible breakout. - The 10-day simple moving average stands at $0.39 USD, indicating a potential short-term uptrend.
Remember that investing is always risky, so do your own research before deciding to invest in any cryptocurrency. Wishing you luck and success in investing!. #cybro #ZK #ADA
1. 24-hour trading dynamics: - Highest price: $0.8379 USD - Lowest price: $0.6918 USD - Trading volume: 128.49 million USDT 2. Chart analysis: - Bearish signal when $LISTA falls below MA7 and MA25. - MA99 shows the need for strategic steps. 3. Fibonacci analysis. Key Fibonacci levels: - 38.2%: $0.7911 USD - 50%: $0.7649 USD - 61.8%: $0.7387 USD -> With the current price of $0.6996 USD, we can see that the price is below the 38.2% Fibonacci level. This could indicate weakness to the recent rally. 4. Market mood: - Short-term sentiment is bearish, but there could be potential bullish patterns. - Lista DAO's DeFi ecosystem can deliver long-term value.
As for whether to buy or hold, this is a decision that depends on your personal strategy. Be thoughtful and stay ahead in the DeFi space. #lista #ListaDAO