A heartfelt thank you to BINANCE for the amazing gift!#Binance #BNB #BTC #binancepizza #crypto2023

What gives value to a cryptocurrency?
What pumps value into a cryptocurrency isn't just one thing; it's a mix. Here's the rundown:

Supply and Demand:
Classic economics. If lots of people want it but there's not much of it, the price goes up.

Utility:
If you can actually use it for something cool or useful, like buying goods, accessing services, or even as a ticket into the blockchain world for projects or smart contracts, it's got value.

Security:
How secure is it? The tougher it is to hack or counterfeit, the more trust it gains, and up goes its value.

Perception:
This is all about how people see it. If folks believe it's valuable and has potential, that belief alone can boost its price.

Tech Behind It:
The smoother and more innovative the blockchain tech it's built on, the better its chances of gaining value.

Regulation and Legal Stuff:
If governments and laws are crypto-friendly, that can give it a leg up.

Market Sentiment:
What's the vibe? Positive news, hype, and trends can push values up, while bad news or panic can pull them down.
#bitcoinhalving #Megadrop #Token2049 #BullorBear #Memecoins

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What are the benefits of investing in Bitcoin? Please only answer if you actually do,

The main benefits are:

Decentralized network - No single point of failure. The risk of losing your funds from a hack is minimal (nonexistent) as long as you don't store your funds on an Bitcoin bank (exchange)

No Counterparty Risk - You can easily do Self-Custody with no risk, which is impossible with any other asset without adding a lot of additional costs (For example, gold etc)

Fixed supply - Most people can’t think in those terms since there is nothing with a fixed supply, especially not in the digital world.

Additional benefits include being accessible, fast, and cheap to transfer large amounts of wealth, hard to manipulate, and hard to confiscate.#BinanceLaunchpool #cpi #bitcoinhalving #BullorBear #Memecoins

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Knowledge is powerful tool in any field of life, so here is some knowledge about managing crypto risk……
Manage your risk

If you’re trading any asset on a short-term basis, you need to manage your risk, and that can be especially true with volatile assets such as cryptocurrency. So as a newer trader, you’ll need to understand how best to manage risk and develop a process that helps you mitigate losses. And that process can vary from individual to individual:

Risk management for a long-term investor might simply be never selling, regardless of the price. The long-term mentality allows the investor to stick with the position.
Risk management for a short-term trader, however, might be setting strict rules on when to sell, such as when an investment has fallen 10 percent. The trader then strictly follows the rule so that a relatively small decline doesn’t become a crushing loss later.
Newer traders should consider setting aside a certain amount of trading money and then using only a portion of it, at least at first. If a position moves against them, they’ll still have money in reserve to trade with later. The ultimate point is that you can’t trade if you don’t have any money. So keeping some cash in reserve means you’ll always have a bankroll to fund your trading.
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#cpi #bitcoinhalving #BullorBear #BinanceLaunchpool #WIF

RIPPLE CEO BRAD GARLINGHOUSE URGES REGULATORY CLARITY AMID XRP LAWSUIT

While delivering a speech at the Paris Blockchain Week recently, Ripple CEO Brad Garlinghouse highlighted the fact that before the conclusion of the XRP lawsuit, the blockchain industry truly requires proper regulatory clarity. Brad Garlinghouse’s comments have received a lot of feedback in the cryptocurrency community and thus have shown Ripple’s general position on regulatory matters as well as the company’s strategic plans.

Brad Garlinghouse urges patience for crypto ETFs

Garlinghouse underlined the importance of having such regulations in place to provide investors with clarity and assurance to fuel innovation. In this regard, he stressed that well-comprehensible and transparent rules are designed to gain the stakeholders’ trust and lift the industry. As a result, he presented the difference between Ripple(XRP) and Bitcoin and specified that Ripple(XRP) is not considered ‘security’, which is why it is different from other ones.

Enumerating the barriers preventing the establishment of cryptocurrency exchange-traded funds (ETFs) in the United States, Brad Garlinghouse admitted that there are regulatory difficulties put forward by the U.S. Securities and Exchange Commission (SEC). In spite of these challenges, he exhibited confidence that ETFs would eventually be introduced.

Therefore, he appealed for patience and tolerance in building a regulatory framework that could facilitate the introduction of ETFs. Furthermore, Garlinghouse revealed Ripple’s intent to release a USD stablecoin at the end of the year, indicating its ambition to extend its product range while staying within the regulatory framework.

Ripple CEO highlights developer attraction

Made at Paris Blockchain Week, Garlinghouse’s speech revealed a lot about the future movement and digital currency trends. He paid homage to that by underscoring how the ability to attract more developers can ultimately become a source of vast innovation and growth.#cpi #bitcoinhalving #BullorBear #Memecoins #BinanceLaunchpool

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Eid Mubarak to all my Muslim Binancians Crypto Community…
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Good Morning Binancians🥰🥰
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Robinhood Bitcoin (BTC) and Crypto Stash Grows to $23,590,032,000, Up 14% in Just Six Months

American retail trading giant Robinhood has reportedly grown its digital asset holdings substantially in the past six months, according to an on-chain expert.

Parsing through data from blockchain intelligence firm Arkham, Coinbase director Conor Grogan estimates that Robinhood’s Bitcoin (BTC) stash has grown 14%, adding to its $23.59 billion holdings.

At the same time, Grogan says Robinhood users’ Ethereum (ETH) holdings have decreased.

“Robinhood’s BTC holdings have increased by ~14% in the last 6 months; meanwhile user ETH holdings have actually decreased ~9%

Retail users are beginning to come back to crypto, just not to ETH so far.”

Grogan says that based on his analysis of Arkham’s data, Robinhood’s BTC wallet is the third biggest in existence, just behind crypto exchanges Binance and Bitfinex.

“All are estimates pulled together with Arkham’s tags as well as a few of my own

Robinhood’s cold storage address is the 3rd largest single BTC wallet, owning .69% of all BTC ever made.”#BullorBear #BinanceLaunchpool #Nonfarm #Memecoins #BinanceLaunchpool

Goldman Sachs Calls for $32 Billion Market Earthquake, Chinese Cryptocurrency Analyst Cautions Next Week for Bitcoin

Goldman Sachs announced at the beginning of April that they would rebalance the portfolios of pension funds in the United States.

Goldman Sachs predicts that pension funds could sell an estimated $32 billion in stocks by the end of the quarter to rebalance their portfolios.

This comes as stocks are poised to complete another strong quarter.

Jinze, a former analyst at Binance Research, weighed in on the situation, highlighting its potential impact on the Bitcoin Spot ETF market. “The impact of quarter-end rebalancing by large funds became evident as stocks that had previously made big gains faced selling pressure,” Jinze said.

According to Jinze, the quarter-end rebalancing could create significant demand for the Bitcoin ETF, which only launched in January. Jinze added, “Funds that want to invest have not yet had time to add to their portfolios, and next week may be a week of strong inflows.”#Memecoins #BinanceLaunchpool #BullorBear #BinanceLaunchpool #BullorBear

Will Elon Musk accept Dogecoin on X? Here's what you need to know.

Musk's favorite cryptocurrency is back in the news, soaring nearly 50% in value in the past seven days
Whether you’re interested in crypto or not, you’ve probably heard of Dogecoin. This meme-based cryptocurrency — Elon Musk’s favorite — is making headlines again.
The cryptocurrency soared nearly 50% in a week to $0.22 on rumors that Musk would add it to X as a payment method.#WIF #sui #SHIB #APT #FET

XRP Price Enters Pre-Bull Rally Phase: Crypto Analyst Reveals Next Target

The XRP price has largely left many of its enthusiasts feeling dissatisfied during this bull cycle, as it has failed to reach the $1 mark despite the bullish sentiment surrounding cryptocurrencies. However, crypto analyst EGRAG CRYPTO believes a $1 XRP price is still possible in this cycle, as he predicted a price surge in the near term. From this analyst’s technical perspective, recent price action has seen XRP forming a “W” pattern, making it ready for a massive push above $1.

XRP Price Pattern Signals A Potential Massive Move

XRP’s highest price so far this year is $0.718. The cryptocurrency now finds itself perambulating below the $0.65 price level and even falling to as low as $0.57 in the past seven days. This has prompted many investors and holders to feel frustrated and concerned about the poor price performance.

Despite this lackluster performance, many analysts continue to hold on to a bullish price action for XRP. EGRAG, who is well-known for his bullish attitude on XRP, has, for the most part, encouraged his followers on social media to maintain their positive posture on XRP. His most recent technical analysis, which he shared on social media, indicates that the price formation of XRP has now established a bullish pattern, which has been responsible for significant price increases in the past.

This price spike is particularly based on a peculiar “W” pattern, which he highlighted on a 3-day candlestick chart of the XRP price. Interestingly, a detailed look into the chart shared by EGRAG shows that XRP embarked on the formation of this “W” pattern in July 2023. Now that the formation seems complete, the analyst noted that XRP could potentially surge to $1 on a standard scale and $1.2 on a logarithmic scale.

At the time of writing, XRP is trading at $0.63. A surge to $1 and $1.2 from the current price level would mean a 58.7% and 90.47% spike respectively.#WIF #sui #SHIB #APT #FET