Learn to read the RSI indicator: The Great Lie Detector of the Market
What is RSI? The RSI is a momentum-based oscillator that captures the speed and change of price movements. It operates on a scale of 0 to 100, and if you know how to read it, it's like getting an X-ray view of market moods. The best part? It's super easy to use: just place it on any chart, on any time frame, and let it do its thing.
The numbers Above 70: Overbought Alert! If the RSI shows a reading above 70, the trading instrument may have been partying too long. Anything above 70 means it is flashing âoverbought,â like a sugar high about to crash. Traders who follow the RSI often interpret this as a signal to sell and exit the asset before the line changes course and dips back below the high water mark. Sometimes, however, the price continues to rise well above 70.
AltLayer Token: Everything you need to know before investing and Price prediction.
Hello Community! Yesterday was a super great day and feel very happy to have been able to obtain $ALT Tokens through the LaunchPool that Binance held!I will tell you about my experience, prediction price and my profits obtained by staking money that I had static! Having obtained more than 100 $ALT Tokens was impressive, maintaining a stable lateral trend of $0.30, would be talking about more than 10% profit by having participated in the LaunchPool Staking. January 25, 2024, key date for the listing on the best Binance exchange of the AltLayer token, maintaining a price between $0.25 and $0.30, seemed to me to be a successful launch!! Doing a little research, this initiative has been in development since 2022 and the first users obtained many benefits with certain products. In my personal opinion my prediction on short term -$ALT could be traded between $0.35 and $0.43, so if you entered early, acquiring this token is a matter of holding a little longer. Let me explain a little about what this great project is about and what will maintain its profitability over time. AltLayer is an open and decentralized protocol for rollups. AltLayer brings together a novel idea of Restaked Rollups which takes rollups (spun from any rollup stack such as OP Stack, Arbitrum Orbit, Polygon CDK, ZK Stack, etc.) and provides them with enhanced security, decentralization, interoperability and crypto-economic fast finality by leveraging restaking mechanism.ALT is AltLayer's native utility token and is used in the following functions:Economic bond: ALT token will be used alongside restaked assets to provide economic stake. This stake can be slashed if a malicious behavior is detected.Governance: ALT token holders can vote on governance decisions.Protocol Incentivization: Operators in the AltLayer ecosystem can earn ALT tokens as rewards for their services.Protocol Fees: Network participants will need to pay for intra-network services in ALT tokens.AltLayer has raised 22.8MM USD from two rounds of private token sales, where 18.50% of the ALT total token supply has been sold at 0.008 USD / ALT and 0.018 USD / ALT respectively.AltLayerâs investors include Polychain Capital, Binance Labs, Jump Crypto, Breyer Capital, DAO5, Balaji Srinivasan (former CTO of Coinbase and former GP of a16z), Gavin Wood (Co-Founder of Ethereum and Parity), Sean Neville (Circle Co-Founder and USDC architect) and Ryan Selkis (Founder of Messari), among others.â Twitter (520k followers) â Discord (660k members)In addition to all these benefits, it has an NFT collection launched in 2022 that maintains asset prices around 1.4ETH. In short the community behind AltLayer is super solid and its future is promising. Its price in just one day has been between $0.25 and $0.27 with a stable trend, which confirms that it has the support of a community of investors with good performance!! Anyway, I see that ALT will be one of my favorite tokens in my portfolio. #AltLayer #TrendingTopic #tradingStrategy
đčđšHMSTR Airdrop: What to Expect and Potential Rewards
đžThe upcoming majestic HMSTR airdrop will distribute 600 million coins, representing 60% of the total 1 billion tokens. Here's what you need to know:
đ°The initial price of $0.01 per token could potentially value 6 million tokens (1% of the airdrop) at $60k. However, this is a rough estimate and the actual value may fluctuate based on market demand and price movements post-launch.
Market dynamics will influence the value of the token. While the projected initial price is $0.01, fluctuations are possible once trading begins.
The HMSTR airdrop presents an opportunity to acquire tokens at a relatively low cost. Keep expectations grounded as market conditions will determine the actual value.
đčïžKey points:
- 600 million tokens available in the airdrop.
- Initial price estimated at $0.01 per token.
- Market demand and price movements may affect the actual value.
- Possible rewards for participants Stay informed and take advantage of this opportunity.
đ„TOKEN2049: Global Crypto Assembles at Singapore for Mega Event
đ TOKEN2049 at Marina Bay Sands features 300+ exhibitors, 400+ side events, and top speakers like Vitalik Buterin on blockchain and DeFi.
TOKEN2049, the worldâs largest annual cryptocurrency event, is all set to begin at Marina Bay Sands in Singapore on September 18th and 19th, 2024.This major conference will attract over 20k people from more than 7k companies.
Itâs a key gathering for industry leaders, entrepreneurs, and crypto enthusiasts to discuss and shape the future of cryptocurrency. With more than 300 exhibitors and over 400 side events, TOKEN2049 is a hub for learning, innovation, and networking.
Attendees will hear from notable speakers like Vitalik Buterin, Anatoly Yakovenko, and Arthur Hayes, who will share their insights on blockchain, decentralized finance (DeFi), Web3, and more.
The event features hands-on workshops and panel discussions designed to inspire and drive progress in the crypto space. Attendees will have excellent networking opportunities, with over 70% being top executives, founders, and decision-makers.In addition to the main events, includes side festivals, hackathons, and exclusive parties, adding to the vibrant atmosphere.
This conference is essential for anyone involved in the cryptocurrency industry, offering valuable insights and new opportunities for collaboration.
TOKEN2049 is set to be a game-changer for the crypto world, offering unmatched opportunities for learning and networking. With top speakers and numerous events, itâs the ultimate venue for exploring the future of cryptocurrency.
Unfortunately could not attend, logistics costs are very expensive, was hoping to go to the event 20-21 September next Solana Break Point, but they didn't take me into account, I made free content for them almost 3 months and they are not interested.
Tell me, you planning to go to the Token 2049 event? If so, leave your photos from the event and share with the community.
đȘHamster Kombat (HMSTR) is making waves in the cryptocurrency market! Currently, the token's pre-market value has fluctuated between $0.001 and $0.1, HMSTR is gaining attention and could be a great opportunity for investors.
đ€Why invest in HMSTR?
1. Growth potential - With the listing on Binance, HMSTR has the potential to reach new heights.
2. Growing ecosystem - The Hamster Kombat project is constantly evolving, bringing new features and partnerships.
3. Active community - An engaged community can boost the value of the token.
đ€šIs it possible to become a millionaire?
While it is possible to earn a significant amount of coins by playing Hamster Kombat, becoming a millionaire depends on several factors, including the future value of HMSTR and the number of coins accumulated. As with any investment, it's important to be aware of the risks and do your due diligence.
The cryptocurrency market is volatile, but with great risk comes great reward.
đ€ #catizen they just distributed their airdrop and all users find that the amount of tokens distributed is very, very far from what we expected. (I mean very little)
đĄ In the end they based the tokens distributed on whatever their creators wanted and they didn't take into account anything they said in their White-paper.
đ€ The amount distributed to each user is absurd and you don't even get back what you invested in this shitty airdrop. You also lost time and money.
đ° Anyway, they made money with monetization of their Telegram channel, what a disappointment this Airdrop is.
đŸ Do you think the same? Do you think you can get more $CATI tokens in the Binance LaunchPool?
đȘ CATI, as Catizen's governance/utility token, has a total supply of 1 billion, which will never increase.
đĄAccording to Catizen's whitepaper I was able to gather this information:
â Airdrop and ecosystem 43%- Airdrop 34%15% TGE 100%, for Season 1 player reward. 19% TGE 0%.
The remaining part of the airdrop will be used for the quarterly seasonal airdrop campaign, which will reward players in future seasons.
đ°9,900,000 tokens (0.99%) will be released at the beginning of Q2. This number will increase by 10% each quarter until Q7, after which the release will be linear.
đThe entire airdrop process will be completed within 12 quarters after TGE.- Launchpool 9%, TGE 100%
â Liquidity 5%, TGE 100%
â Treasury 15%, TGE 10%, 12-month cliff, 48-month linear release
â Team 20%, TGE 0%, 12-month cliff, 48-month linear release
â Investors 10%, TGE 0%, 12-month cliff, 48-month linear release
â Advisors 7%, TGE 0%, 12-month cliff, 48-month linear releaseAccording to this model, during the TGE phase, we will release 30.5% of the total supply, with the players' airdrop share being 15%, which represents 50% of the initial total supply.
The remaining 50% will be used for Launchpool (9%), Liquidity (5%) and Treasury (1.5%). This ensures sufficient initial circulation, but also allows for continued momentum in the long-term development of the ecosystem.
đAccording to the Binance blog: A global malware threat is currently targeting cryptocurrency users by altering withdrawal addresses, leading to significant financial losses.
đThis malicious software, known as âClipper malware,â manipulates wallet addresses copied during transactions and redirects funds to attackersâ wallets without users realizing it.
How the malware works The malware attacks the clipboard, where e-wallet addresses are stored during cryptocurrency transfers.
When a user copies and pastes a wallet address, the malware replaces the legitimate address with one controlled by the attacker. If users donât notice this change, their cryptocurrency is sent to the attacker instead of the intended recipient.
đŸThis attack has intensified recently, especially on August 27, 2024, affecting a large number of users. Binance Response The Binance Security Team is actively working to protect users by:
đčïžBlacklisting suspicious addresses: We are blocking addresses of known attackers, preventing future fraudulent transactions.
đčïžNotifying affected users: We have alerted users whose wallets may have been compromised, encouraging them to inspect their devices for malicious software.
đčïžMonitoring and combating threats: Our team continuously scans for new threats and updates security measures to stay ahead of evolving malware.
đč How many #HMSTR could you receive in the airdrop? đ„
đ°With over 200 million players in #HamsterKombat and a total supply of 100 billion HMSTR, here's an estimate of what the airdrop could look like:
đĄIf every player receives 100 HMSTR, that would mean:
200 million players Ă 100 HMSTR = 20 billion HMSTR
This would represent 20% of the total supply.
Now if they decide to reward the most active players, those with a lot of referrals or who are very engaged could get between 500 and 1,000 HMSTR, while the average user could receive around 100 to 200 HMSTR.
đ„This is just an estimate, but what do you think about these possible airdrop amounts?
The excitement around the Hamster Kombat ($HMSTR) token launch is palpable, but don't get too comfortable with the numbers shown just yet! đč
đŹWhat you need to know:
1. Airdrop Ratios: Unlike previous airdrops, the distribution of $HMSTR may involve a conversion ratio.
It's rumored that you could receive 1 $HMSTR for every 1 million in-game tokens or even more. Be prepared for potential discrepancies between the displayed and actual token amounts!
2. Supply vs. Demand: With a colossal supply of 100 billion Hamster tokens, a 1:1 conversion seems unlikely. The massive volume of tokens in the game means that not everyone will receive large amounts.
3. Market Impact: An uncontrolled token distribution could dilute the value of $HMSTR. A carefully managed ratio could help maintain the token's value after the airdrop.
đWhat's next? - Stay tuned for official updates and understand the mechanics of the airdrop. Managing expectations now could save you disappointment later.
Be prepared and stay alert - this airdrop could be more complex than it seems!
đBinance Launches Catizen (CATI) on Launchpool â Lock BNB and FDUSD to Farm CATI Tokens
Binance has officially announced the 59th project on Binance Launchpool: Catizen (CATI), a cat-themed gaming bot built on the Telegram mini-app platform. Starting September 16, 2024, users can lock their BNB and FDUSD to receive CATI airdrops for four days.
CATI trading will begin on September 20, 2024, at 10:00 (UTC), with pairs including CATI/USDT, CATI/BNB, CATI/FDUSD, and CATI/TRY.
đčHamster Kombat Tokenomics: 75% Rewards for Playersđč
According to Binance Research, the tokenomics report for the Hamster Kombat game of the TON ecosystem. The game's native token, HMSTR, has a total supply of 100 billion tokens, with an initial circulating supply of 64.375 billion tokens at the time of Binance listing. Of the total supply, 60% of HMSTR tokens are allocated to rewards for players in the first season and 15% to rewards in the second season.
Additionally, 3% will be distributed via Binance Launchpool, 4% will be allocated for liquidity, 8% will be reserved for the development team, 4% for marketing, and 6% will be dedicated to partnerships and grants. This token allocation reflects the gameâs focus on incentivizing early player participation and long-term engagement through substantial rewards.
đŹThis comes a day after a UK government bill sought to clarify that cryptocurrencies are personal property under property law.
A UK High Court has ruled that the stablecoin Tether is personal property, marking the first decision in English law on the treatment and status of cryptocurrencies following a full trial.
The legal status of Tether USDT was a preliminary issue in a case brought by a fraud victim, whose stolen crypto, including Tether, was liquidated through several cryptocurrency exchanges after being processed by cryptocurrency mixers.
âUSDT attracts personal property rights under English law,â Deputy High Court Judge Richard Farnhill said in the Sept. 12 ruling.
The judge added that USDT was ârather a distinct form of property not based on an underlying legal rightâ and can be âtraceable and constitute a fiduciary asset in the same way as other property.â
It highlighted a âstrong line of authorityâ that cryptocurrencies are personal property, following on from a 2019 ruling in the same court that was not decided in a trial. It was also consistent with the position of the Law Commission of England and Wales in its 2023 report on digital assets, classifying them as personal property.
The decision comes a day after a UK government bill clarified that non-fungible tokens (NFTs), cryptocurrencies and carbon credits are âthingsâ and personal property under property laws.
đĄBNB Chain Announces Meme Heroes Support for Simon's Cat
According to Foresight News, BNB Chain has announced that Simon's Cat (CAT) is the winning project of the second phase of the "Meme Heroes" support program. The "Meme Heroes" initiative aims to empower meme projects by providing them with liquidity pool (LP) support. In this second phase, BNB Chain has committed $900,000 in liquidity pool support.
Simon's Cat is an animated series created by British animator Simon Tofield in 2008. The series features a mischievous cat who often gets into funny situations while trying to get his owner's attention. Now, Simon's Cat has entered the world of cryptocurrencies through its official meme token on the BNB Smart Chain.
đVanEck and StoneX analysts estimate Ether could rise to $12k-$22k
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates. Since launching in 2015, Ethereum has generated $3 billion in fees (denominated in ETH), Sigel said. Other ETH value-accumulation mechanisms include âburningâ â or permanently removing from circulation â a portion of transaction fees and issuing new ETH to reward stakers, who deposit ETH as collateral to secure the network.
Ethereum processed roughly $4 trillion in settlement value last year and another $5 trillion in stablecoin transfers per year. So this is much larger than PayPal and is starting to approach networks like Visa.
đ»Bitcoin Price Falling: What to Expect This Week?
Markets are cautiously awaiting upcoming economic data, which could intensify cryptocurrency volatility and set the course for the coming weeks. What does the price of bitcoin have in store this week?
Inflation data is once again the focus of this week. On Wednesday and Thursday, respectively, the latest figures for the Consumer Price Index (CPI) and the Producer Price Index (PPI) in the US will be published, as stated by the eToro crypto-asset analyst.
This is why the price of BTC shows strength above its recent lows. He added that âmarkets fully anticipate a cut in interest rates at the next Fed meeting on the following Wednesday.
This would be the first cut in interest rates since they rose to multi-decade highs last year.â âIf inflation data turns out to be much lower than expected, it could influence the Fed's decision, moving from a possible 25 basis point cut to a more aggressive 50 basis point cutâ
đSolana is one of the top performing cryptocurrencies in 2024
According to Cointelegraph, the cryptocurrency closed the first half of the year with a 30.5% increase, driven by rising trading volumes and new developments in the DeFi ecosystemSolana (SOL) has been a standout in price performance and amid market developments, according to a report by Binance Research.
This year alone, the asset has risen by more than 42%, one of the best results among the top ten trading coins, according to CoinMarketCap.
Solana is a high-performance third-generation blockchain platform designed for decentralized applications (dApps) and cryptocurrencies. Like Ethereum Layer 1, it is a multi-functional blockchain capable of supporting a wide range of functionalities and smart contracts in a diverse ecosystem of decentralized applications.
Thanks to innovations such as proof-of-history and parallelization, Solana can process transactions much faster and more cheaply than Bitcoin or Ethereum layer-1 blockchains. This makes this blockchain a high-performance network, with block times of 400ms and tens of thousands of TPS, compared to Bitcoin and Ethereum block times of about 10 minutes and 15 seconds, respectively.
Furthermore, Solanaâs performance was boosted by the significant increase in trading volumes on decentralized exchanges (DEX), which grew by 42.2% in July to a total of $54.6 billion. The move was largely driven by the growing interest in trading meme coins.
âFurthermore, the Solana ecosystem continued to expand with an average of 1.7 million daily active addresses and an 18.2% increase in daily transactions, which reached 1.3 million,â the Binance report highlighted.