Crypto enthusiast at the crossroads of finance and tech. Proven track record in DeFi, trading, and blockchain. Committed to Binance's global impact and finance.
$BTC Cryptocurrency bulls say bitcoin could surge to more than $100,000 this year after the U.S. Securities and Exchange Commission made a pivotal step to approve the first-ever U.S. spot bitcoin exchange-traded fund.
Several crypto investors CNBC spoke with said they see the world’s top cryptocurrency rising in 2024, as the effects of approval of a bitcoin ETF, which would diversify the range of investors that can gain exposure to the cryptocurrency, begin to become more apparent.
Bitcoin hasn’t moved substantially since the decision Wednesday, but investors believe it’ll start to see significant gains later in the year as the effects of ETF — and an upcoming technical event known as the “halving” — become more apparent.
Shiba Inu: $1000 in SHIB Becomes $9 Million in January 2024
While the ongoing volatile crypto market has decimated portfolios across the board, early backers of meme coin Shiba Inu are still counting their blessings despite the brutal decline. Investors who took a chance on the fledgling token in its first year have managed to hold onto millionaire status even as SHIB currently trades 89% below its peak.
Shiba Inu: An Investment of $1000 in SHIB Turns Into $9 Million
Changelly data shows that a hypothetical investment of just $1000 made in August 2020, near the launch of the previously unknown Shiba Inu, is now worth a staggering $9 million. That equates to a 907599.52% return on investment over the span of three and a half years.
Such outsized gains elevated SHIB into a millionaire-making juggernaut during its gravity-defying rally in 2021. Its early backers hit a liquidity jackpot, the likes of which are rarely seen from single crypto assets.
Stories have surfaced about teachers, Uber drivers, and employees who managed to scrape together some cash to purchase SHIB tokens when they were trading for a tiny fraction of a penny, only to find themselves sitting atop a mountain of cash less than a year later.
Can Shiba Inu Reach $0.01?
Nearly all cashed out a portion of their holdings when SHIB went on its parabolic run-up to an all-time high of $0.00008816 in late October 2021. That helped them realize life-changing money despite having invested comparably tiny sums just months earlier.
To be sure, with SHIB having crashed 89% from those record levels, early investor portfolios are not worth nearly as much today as they were in late 2021. However, those who have held on have still achieved once-in-a-lifetime returns that massively outstrip gains seen in stocks, bonds, and even Bitcoin over the same timeframe.
As of press time, Shiba Inu is trading at $0.00000948, with no major movements in the last 24 hours, according to CoinMarketCap data. $SHIB #ShibaInvestment #TrendingTopic
🫨 X launches new payment account, fuels crypto speculation X introduced a dedicated account for its upcoming payments feature, triggering speculation within the crypto community about the possibility of cryptocurrency integration. 🔥
🤔Could Cryptocurrency, particularly Elon Musk's favorite '$DOGE,' be integrated?
I wanted to share my approach to trading on Binance, which has been consistently generating around $3000 in monthly profits for me. Keep in mind that the crypto market is highly volatile, and success in trading is not guaranteed. Here's my strategy:
1. Diversified Portfolio: I diversify my investments across various cryptocurrencies to spread risk. This includes both established coins and promising altcoins.
2. In-Depth Research: I spend time researching projects, staying updated on market trends, and understanding the underlying technology and fundamentals of the cryptocurrencies I invest in.
3. Technical Analysis: I use technical analysis tools to identify potential entry and exit points. Chart patterns, support/resistance levels, and moving averages are among the indicators I consider.
4. Long-Term Holds: While actively trading, I also allocate a portion of my portfolio to long-term holds in projects I believe have strong potential for future growth.
5. Adapting to Market Conditions: Markets change, and so should your strategy. I adjust my approach based on current market conditions and news.
6. Risk Management: I set clear stop-loss levels for each trade and manage my risk by only investing what I can afford to lose. Discipline in risk management is crucial.
7. Staying Informed: Continuous learning is key. I stay informed about the latest developments in the crypto space and regularly participate in discussions within the Binance community.
8. Community Insights: Engaging with fellow traders and learning from their experiences has been invaluable. Binance communities are a great resource for insights and different perspectives.
9. Taking Profits: When a trade reaches my profit target, I don't hesitate to take profits. Greed can lead to losses, so having a clear exit strategy is important.
10. Emotional Control: Emotional stability is crucial in trading. I try to remain level-headed, avoiding impulsive decisions based on market fluctuations.
Shiba Inu (SHIB) Skyrockets 1,173% as Whales Make Intriguing Move Shiba Inu (SHIB) rises 1,173% as whales embark on zero-eliminating mission
According to data from blockchain analytics platform Into The Block, the volume of large transactions involving SHIB, valued at $100,000 or more, has increased by a staggering 1,173.58% in the last 24 hours.
How do I make $100 on Binance with $30 as a beginner?💰
How do I trade cryptocurrency on Binance and make profit? I'm a beginner.
I have been trading crypto currencies on Binance for a 6+ years now.
As an experienced trader, I can tell you that trading crypto currencies on Binance has been a roller coaster of super crazy highs and lows. I have watched some crypto pairs rise 11,000%, 800%, 200%, and even 5% on some days.
At times I have managed to multiply my money 400% in a week and other times I have snagged a 5% profit in a week.
I am not a major crypto hodler.
Despite the high volatility of cryptos, I have chosen to remain a crypto trader rather than a hodler because I need my money to be circulating in and out of a venture for it to best benefit me and my situation. I simply cannot sit around as I wait months or years even for crypto to rise and for me to watch it go through these crazy highs and lows.
For these reasons, I needed a strategy that could best suit me. And after some experience, I came up with this one.
I trade my crypto on Binance. After a few months of interacting with the platform, I noticed that at least 50 different trading pairs manage a 10-20% rise daily. Some even go to crazy highs of 800% in one day. on some occasions! Some selected few manage 100% rises while others do between 40% and 80%.
My focus at this point is usually on the ones that rise 10-20% daily as they are the regular occurrences and the purpose of this story. This strategy applies only to spot trading.