The 8 steps to follow to succeed in the world of cryptocurrencies.
✅ 1. Deep research (DYOR - Do Your Own Research) - Before investing in any cryptocurrency, study the project, the team behind it, its purpose, its technology, and its long-term viability. This includes reading the whitepaper, researching partnerships, and the project roadmap. - Avoid falling into "hype" without solid foundations.
✅ 2. Diversification - It is not wise to put all your funds into a single cryptocurrency. It is good to diversify your portfolio by investing in different cryptocurrencies, some safer and better known like #Bitcoin or #ETH and others with emerging potential.
#ReboundRally #Usual (USUAL) grows 8.59% in 24 hours, trading at $1.38. Its market capitalization reaches $660M with a volume of $583M. Although it is 14.48% below its peak, it shows a strong upward trend in the crypto market.
#MarketRebound The market shows signs of recovery! Are we nearing a latent bullish streak? On the other hand, Bitcoin is the only one showing slight increases. Moreover, on December 30, 2024, the MiCA Regulation (Markets in Crypto-Assets) will come into effect in the European Union, establishing a regulatory framework for the issuance, offering, and services related to crypto-assets. The National Securities Market Commission (CNMV) of Spain has warned about the "significant risks" associated with investing in cryptocurrencies, highlighting that although MiCA will provide greater protection, it will not reach the level of traditional financial regulations and will not include compensation systems for fraud or bankruptcies of crypto service providers. Investors are advised to verify the authenticity of entities and their licenses, especially during the transitional period of 2025.
The#Usual(USUAL) cryptocurrency has seen remarkable performance in recent days, and I don't regret getting into that slump, driven by key factors such as its recent listing on Binance for margin trading, conversion, and futures. This move has significantly expanded its visibility and accessibility in the market. In addition, the RWA Usual stablecoin protocol managed to secure a $10 million Series A funding round on December 23, 2024, strengthening its infrastructure and underlining the interest of institutional investors in the project. With a current price of $1.38, USUAL has shown resilience, reaching intraday highs of $1.42 and overcoming important support barriers. This performance reflects growing confidence in its value proposition and an increase in adoption by different market players. In a context of growing demand and solid strategic initiatives, USUAL is positioned as an asset of interest in the current cryptocurrency landscape.
The #DEXE (Decentralized Social Trading) ecosystem aims to transform the cryptocurrency trading and investment landscape through a combination of decentralized management functionalities, social trading tools, and a robust governance system. Let’s explore the comprehensive analysis of its ecosystem in detail:
1. Main Components of the Ecosystem
the. Decentralized Social Trading
Copy trading: Allows users to follow and replicate the trades of experienced traders, known as “executives.” This democratizes access to successful trading strategies, even for people with no technical experience.
Recently, the US Securities and Exchange Commission (SEC) reached a settlement with Tai Mo Shan Limited, a subsidiary of Jump Crypto, for USD 123 million. This settlement is related to Tai Mo Shan's activities in the Terra (LUNA) ecosystem.
Furthermore, the SEC has recorded a record of financial penalties, racking up USD 8.2 billion in fines, largely due to the settlement with Terraform Labs, the entity behind Terra (LUNA).
As for the price of Terra (LUNC), it has been trending downwards in recent weeks with slight recoveries. According to data from Coinbase, the price has decreased by approximately 19.59% in the past week, standing at USD 0.000111 for #LUNC🔥 currently.
#ChristmasMarketAnalysis The cryptocurrency market has experienced notable volatility in recent days. Bitcoin, which recently surpassed $100,000, has recorded significant fluctuations, with drops that took it below $95,000.
This instability has led to massive liquidations in the market, exceeding $1.4 billion in the last 24 hours.
Despite these drops, some analysts maintain an optimistic outlook, suggesting that these corrections could precede a recovery in the short term.
In this context, the National Securities Market Commission (CNMV) has reiterated its warning about the significant risks associated with investing in cryptoassets, even with the upcoming entry into force of the MiCA Regulation on December 30, which aims to provide greater guarantees to consumers and establish stricter requirements for operators.
The PAIS Tax, implemented in December 2019, expires today, December 23, 2024, and will not be extended. This tax applied a 30% surcharge on the purchase of dollars for savings and expenses in foreign currency, including purchases with credit and debit cards abroad.
With its elimination, the "card dollar" will reduce its tax burden by 30%, dropping from approximately $1,670 to $1,355, according to the current exchange rate. However, the 30% withholding for Income Tax and Personal Property Tax will remain in effect, meaning that transactions in foreign currency will still be subject to this surcharge.
The elimination of the PAIS Tax is expected to have several impacts:
Foreign Consumption: Purchases made abroad, as well as streaming services like Netflix and Spotify, could see a reduction in their costs due to the elimination of the tax.
Imports: The removal of the tax could reflect in a decrease in import costs, potentially reducing the prices of imported products, although this effect may not be immediate or uniform.
Tourism: Travel and shopping expenses abroad will be more economical, which could encourage tourism and international purchases.
It is also important to note that, although the PAIS Tax is no longer applicable, the withholdings for Income Tax and Personal Property Tax remain in effect, so transactions in foreign currency will continue to have a 30% surcharge.
🚀 Why $DOT ? Polkadot is a multi-chain network that enables different blockchain's to transfer messages and value in a trust-free fashion. Its interoperability and scalability make it a strong contender in the blockchain space.
📊 Recent Performance: DOT has shown significant growth potential, and with the current market trends, it's a promising investment.
👉 Stay tuned for more updates and analysis on Polkadot ($DOT )!
the one from 0.001? should let you send it to that user by their name (from whom you received it).
LIVE
Mai Mh
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Guys, I need help. I participated in the "Send Funds" campaign and there are 3 users who have sent me their USD but haven't left their ID. Do you know how I can access that information to return their USD? Thank you!
recommended, the survey is short you need to watch a video and answer 10 questions in Binance Academy to qualify
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Purrgle
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Binance is offering a $3 reward of $DEXE and $EIGEN by simply learning something new, but the twist is that the assets are locked and won’t be accessible for 150 days.
While it might take a while to get your hands on it, it could still be a great opportunity to gain more knowledge about the crypto world! #BinanceAlphaAlert
#BTCOutlook Bitcoin has recorded a recent drop, hovering around $96,530 after reaching all-time highs last week. The correction reflects profit-taking and increased caution in the market. Analysts are watching key supports and potential future movements.
it happened to me with the phone, so I had to go to the PC and it got fixed
LIVE
LuckyMichiTrader
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Hello, I want to make a statement for #BINANCE . The "login" event is failing when I try to claim my daily points offered by the event. This has happened to me more than once, and I don't know why. I can't claim daily login points, and I also can't claim points from tasks.
Please, if anyone knows anything, you can let me know. Thank you, good night.
The recent drop in the cryptocurrency markets has been a reflection of a series of interconnected factors, some of which are directly linked to the regulation of the sector. A significant event was the modification in the SEC's charges against #Binance, which has generated uncertainty about the future of major exchange platforms. Such regulatory changes create an atmosphere of distrust, prompting many investors to withdraw their assets, contributing to the widespread market decline. On the other hand, the possible resignation of Gary Gensler, chairman of the SEC, adds more uncertainty. His departure could pave the way for a restructuring of how the United States government regulates cryptocurrencies, creating an environment of expectation and volatility. The crypto market, always sensitive to any movement in regulation, experiences strong fluctuations during times of uncertainty about the future direction that the SEC will take. Additionally, the year-end holidays have historically led to a decrease in market activity, as many investors seek liquidity to cover personal expenses. This, combined with external pressure from regulatory actions and political uncertainty, has created a cocktail that has affected the price of crypto assets. While these drops are a normal part of market cycles, in the current context, the dynamics between regulation, political expectations, and investors' personal needs are contributing to the volatility. The coming days could see stabilization as the market absorbs these changes, but for now, uncertainty and lack of clarity remain the dominant factors.
You need to have the futures wallet active, then as it says, open an order for the pair you want for an amount of $20. If I'm not mistaken, if you buy and sell 1 (even if you lose cents) it will validate it for you, and the last thing is to hold in flexible earn for at least 1 USDT.