#BinanceHODLerBANANA #conceptofBanana
Banana Gun (BANANA) token:

What Is BANANA?

BANANA is the ecosystem token of Banana Gun. It serves several purposes:

Voting on Proposals: Holders can participate in governance decisions.

Burning BANANA: Burn tokens for extra features within the bot.

Holder’s Chat Access: Holding BANANA grants access to exclusive chat channels.

Real Yield: Holders receive yield generated by the trading bot1.

Airdrop and Listing:

Binance launched BANANA on its Airdrops Portal.
The airdrop ran from June 23 to July 5, 2024.
BANANA is set to be listed on Binance on July 20, 2024, in multiple trading pairs: BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY.

Note that BANANA is categorized as a seed token due to its risks and volatility2.

Price Surge:

Within the past 24 hours, BANANA surged over 26% in value, currently trading at $72.85 with a market cap of $174.8 million. Since the beginning of the year, BANANA’s price has skyrocketed by more than 550%2.

Controversies:

The Banana Gun project faced a critical smart contract error in September 2023, temporarily impacting the token’s value.
Despite this, traders remain intrigued, seizing the price momentum.

$BANANA

DOGS (Telegram Memecoin):

Description: DOGS is a Telegram-native memecoin gaining adoption in the TON ecosystem. It draws inspiration from Spotty, the mascot of Russian social networking site VK, which was drawn by Telegram founder Pavel Durov during a charity auction.

Current Status: As of August 9, 2024, DOGS is actively traded within the Telegram community.
Read more about DOGS2.

Pre-Market Trading:

Overview: Pre-market trading allows investors to buy and sell new tokens at expected prices and quantities before the tokens officially get listed.

Example: The DOGS (DOGS) Pre-Market provides early access to investment opportunities by trading ahead of the official DOGS release.

#dogs #telegramAirdrop

FACTORS THAT CONTRIBUTED TO BITCOINS DOWNFALL

Bitcoin has experienced a notable decline over the past few days due to several factors:

1. Economic Concerns: Broader economic issues, such as fears of a recession, rising inflation, and increasing interest rates, have led investors to move away from riskier assets like cryptocurrencies.

2. Market Sentiment: Negative market sentiment has been prevalent, with many investors selling off their holdings in response to the economic uncertainty.

3. Federal Reserve Decisions: The recent Federal Open Market Committee (FOMC) meeting did not result in the anticipated interest rate cuts, which disappointed many investors and contributed to the sell-off

4. Stock Market Correlation: Bitcoin’s price often moves in tandem with traditional financial markets. Recent declines in global stock markets have also impacted the cryptocurrency market.

These combined factors have created a challenging environment for Bitcoin and other cryptocurrencies.

#Bitcoin❗ #Bitcoinfall #MarketDrop

#BTC_MarketPanic_Dip

$BTC $ETH $BNB

As we enter into the month of August we begin to see a large decline in the Markets. Is this the best time to buy coins and hope that they would rise back to the way they were? Or is this the time to short coins and believe that they will keep on declining in price?

Tell me what you think is the best option right now. Either to buy coins for storage or short coins.

#HugeMarketDecline

As we see a lot of Bearish trends in the market today, do you think it will be like this tommorow or will there be a bullish trend tommorow? Tell me what you think n the comment section.

Wait for my post tommorow and we will see who got it right. Follow, like and comment 😊.

$BTC $ETH $BNB

#BearishTrend #BullishTrend #FluctuationInMarket

Today as of the 3rd of August there was a great decline in the market as most crypto currencies went red including most of the new listings.

#CryptoTrends2024

The Babylon Mainnet is a significant upgrade for the Radix Public Network, which was successfully completed in September 2023. Here are the key highlights:

Smart Contract Functionality: The Babylon upgrade enables powerful smart contract functionality for the Radix network. It introduces intuitive “asset-oriented” programmability using Scrypto and a new execution environment called Radix Engine v2.

End to Blind Signing: The upgrade brings an end to blind signing, enhancing security and providing a safer DeFi experience for users through native assets.

Radix Wallet: The Babylon Wallet marks a transformative leap in DeFi and Web3.0 user experiences. It’s a mobile wallet available for iOS and Android, allowing users to manage accounts, hold assets (such as tokens or NFTs), and log in to Web3.0 applications securely without passwords. The wallet also features a better way to view and sign transactions using the Transaction Manifest

#Babylon_Mainnet_Launch

#July_NonFarmPayrolls_Shock

July Nonfarm Payrolls Report: Unexpected Slowdown in Hiring

The US Nonfarm Payrolls report for July caught economists by surprise, as hiring growth fell significantly short of expectations. Here are the key points:

Job Growth: The US economy added 114,000 jobs in July. While this is still positive, it’s well below the anticipated increase of 175,000.

Unemployment Rate: The Unemployment Rate remained unchanged at 4.1%, indicating stability in the labor market.

Wage Growth: Average Hourly Earnings rose by 3.7% year-on-year, reflecting continued wage growth.

Fed’s Dovish Stance: The Federal Reserve’s recent decision to maintain a dovish monetary policy may have contributed to the unexpected slowdown in hiring.

Market Impact: The employment data could further impact the US Dollar, which has already been under pressure due to the Fed’s cautious approach.

In summary, the July Nonfarm Payrolls report suggests a mixed picture for the US labor market. While wage growth remains positive, the slower job growth raises concerns about the pace of economic recovery.

What is Hamster Kombat?

Hamster Kombat is a playful and engaging game where players can unleash their inner CEO by managing a virtual crypto exchange. The game runs as a Telegram Mini App (TMA) within the popular Telegram messaging app, and it has already attracted over 150 million players worldwide! Here’s how it works:

Objective:

Your goal is to climb the ranks from a shaved hamster to the grandmaster CEO of a tier-1 crypto exchange.

Gameplay: You’ll buy upgrades, complete quests, and invite friends to boost your success.

Play to Earn (P2E): Hamster Kombat offers a play-to-earn model, allowing players to earn crypto tokens as rewards for various in-game activities and missions.

#HamsterKombat

What is elf (ELF)?

aelf is a Layer 1 blockchain platform designed for high performance and scalability.

It features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology.

Founded in 2017, aelf aims to evolve blockchain with state-of-the-art AI integration, creating a smarter and self-evolving ecosystem.
Its native token is ELF.

ELF Token Details:

Total Supply: 1 billion ELF.

Use Cases: ELF coins are used for transactions and services within the aelf network.

Market Cap: Currently valued at approximately $285 million1.

Trading Information:
The live price of ELF today is around $0.36 USD with a 24-hour trading volume of approximately $18.7 million1.
ELF can be traded on various crypto exchanges.

#ELF/USDT #keeponlearning $ELF

#Beta Finance (often referred to as BETA), a fascinating project in the crypto space:

What Is Beta Finance?

Beta Finance is a permissionless money market built on the Ethereum blockchain.

It provides a platform where users can:

1. Betapto assets.
2. Lend crypto assets.
3. Short-sell crypto assets.

The goal is to create a scalable and accessible ecosystem where tokens can be listed automatically without requiring permission.

How Does It Work?

Users can participate in the money market by interacting with smart contracts.
Beta Finance allows for a wider range of assets compared to other platforms.

It’s all about enabling decentralized finance (DeFi) activities in a user-friendly manner.

The project aims to expand its services beyond Ethereum Mainnet to additional layer-1 and layer-2 solutions.
Remember, Beta Finance is just one of the exciting projects in the crypto world.

#BETA/usdt #betafinance

What Is a Blockchain?

A blockchain is a decentralized, distributed digital ledger. It consists of records called blocks, which are securely linked together using cryptographic hashes.

Here’s how it works:

Decentralization: Unlike traditional databases controlled by a central authority, a blockchain is maintained by numerous computers (nodes) distributed globally.

Blocks: Each block contains:

A cryptographic hash of the previous block.
A timestamp.
Transaction data (often represented as a Merkle tree).

Security: The cryptographic links between blocks ensure that altering any block retroactively would require changing all subsequent blocks—a practically impossible feat.

Use Cases: Blockchain technology is used for cryptocurrencies (like Bitcoin and Ethereum), supply chain management, voting systems, and more.

#Keeplearning

FUN FACTS ANOUT CRYPTO

1. The First Bitcoin Transaction for Pizza: Back in May 2010, a man in Florida paid 10,000 bitcoins for two pizzas. At the time, this was the first commercial bitcoin transaction. Those 10,000 bitcoins would now be worth over $190 million! 🍕💰.

2. Over 12,000 Cryptocurrencies Exist: As of September 2022, there are more than 12,000 digital currencies out there. While you can’t buy them all on an exchange, they do exist, with some requiring their own wallets. The top 20 virt$BTC ual currencies account for about 87% of the crypto market cap.

3. Limited Supply of Bitcoin: Bitcoin’s protocol set a limit of 21 million coins. No more new bitcoins can be created by miners after this point. The reward for mining bitcoin halves every 210,000 blocks (approximately every four years). As of September 2022, there are 19.15 million circulating bitcoins1.
Lost Bitcoins: Nearly 4 million Bitcoin tokens have been lost forever due to forgotten passwords, misplaced wallets, and other reasons. These lost coins contribute to the scarcity of available bitcoins.

4. The Mysterious Satoshi Nakamoto: The true identity of Bitcoin’s creator, Satoshi Nakamoto, remains unknown. Nakamoto’s anonymity adds to the intrigue surrounding cryptocurrencies.

5. HODL Was a Typo: The term “HODL,” commonly used in the crypto community to mean holding onto your coins, originated from a typo in a Bitcoin forum post. Someone misspelled “hold” as “hodl,” and it stuck! 🚀.

6. Crypto Wallets Store Keys, Not Coins: Contrary to popular belief, crypto wallets don’t actually store coins. Instead, they hold the private keys needed to access and manage your digital assets securely.

#funfacts #keeplearning #learnwithfun