Which coin would be better to buy at this time #CRYPTOAMA

#BTCMarketPanic #MarketDownturn
The current crypto market downturn can be attributed to several factors:

_Causes:_1. *Global economic uncertainty*: Inflation, interest rate hikes, and geopolitical tensions.2. *Regulatory scrutiny*: Increased government oversight and potential regulations.3. *Liquidity crisis*: Reduced trading volume and market liquidity.4. *Overvaluation*: Previous market surge led to overvalued assets.5. *Security concerns*: Hacks, scams, and security breaches._Strategies to navigate the downturn:_1. *Diversification*: Spread investments across asset classes and industries.2. *Risk management*: Set stop-losses, limit positions, and maintain cash reserves.3. *Long-term perspective*: Focus on fundamental value and potential for growth.4. *Research and education*: Stay informed about market developments and trends.5. *Rebalancing*: Periodically review and adjust your portfolio.6. *Dollar-cost averaging*: Invest fixed amounts at regular intervals.7. *Hedging*: Consider options or futures to mitigate potential losses.8. *Selectivity*: Focus on high-quality assets with strong fundamentals.9. *Patience*: Avoid impulsive decisions based on short-term market fluctuations.10. *Professional advice*: Consult with financial experts or investment advisors.Remember, crypto markets are known for their volatility. It's essential to stay informed, adapt to changing conditions, and maintain a well-thought-out investment strategy.#MarketDownturn

#$ETH On Crypto Banter’s ‘The Sniper Trading Show’ the analyst started by gauging the audience’s excitement and positivity about the bull market. He then discusses market emotions and stages, noting that altcoins are not even at the ‘Hope’ stage yet, but are still in a stage of disbelief. This, he suggested, means the altcoin rally phase is approaching, typically occurring towards the end of the bull cycle.
The analyst added that he believes altcoins are still approaching a key phase in the market cycle and are poised to begin their rally, which typically signifies the later stages of the bull cycle. 
He then pointed out that Ethereum is currently at the peak, around 3.68 (Fibonacci levels), which correlates with the top of $4,900. Using Fibonacci levels from the top to the bottom provided all the necessary levels for analysis. Once Ethereum passed the initial levels, it indicated the next play. If it didn’t break through, it typically returned to the previous level, showing where to buy back if profits were taken at those zones.
For Ethereum, the analyst has set targets at $7,000, $11,000, and $15,000. He believes that if this is a true bull run, Ethereum should reach the 3.618 Fibonacci level, which it has done in every previous bull market. Therefore, he is preparing for a potential high of $15,000, with interim targets at $7,000 and $11,000. At the time of writing, ETH is trading at $3,698 and is down by three percent in the last 24 hours.
However, the analyst also issued a warning about the cryptocurrency market and said that despite reaching billion-dollar market caps, the real value might only be a fraction of that, around $300 million. This discrepancy arises from the euphoria and excitement surrounding the market, leading to inflated prices. 

Top crypto enthusiast Asiwaju Lerry highlights the prominence of certain meme-based tokens, like Shiba Inu (SHIB), in the current crypto ecosystem. 

Lerry emphasized that it is impossible to overlook Shiba Inu and three other memecoins, such as Dogecoin (DOGE), Floki (FLOKI), and Bonk (BONK). The expert mentioned that Shiba Inu has surpassed a billion-dollar market capitalization alongside these three canine-themed tokens. 

Notably, Lerry’s statement serves as a call for investors to pay attention to these memecoins due to their notable popularity and influence within the broader crypto market. 

Valuation of Top Canine-Themed Tokens 

It bears mentioning that the four memecoins mentioned in the tweet are referred to as canine-themed tokens due to their use of dog-related imagery in their branding. The memecoins in the list have surpassed a billion-dollar market cap. 
Dogecoin, which tops the memecoin ranking, currently boasts a valuation of $21.37 billion. Shiba Inu is the second-biggest memecoin, with a market cap of $14.06 billion. Floki and Bonk are ranked as the fifth and sixth largest memecoins, valued at $2.8 billion and $1.92 billion, respectively. 
These memecoins have continued to attract investors’ attention, with whales (large investors) shuffling huge amounts of these tokens. 

#Tech billionaire Elon Musk has stirred crypto community’s excitement with his new tweet, particularly of DOGE and XRP fans.

Serial tech entrepreneur Elon Musk, who runs SpaceX, Tesla and xAI, among other innovative tech companies, has published a celebratory X post related to the recent success of SpaceX.

Musk bragged about the 300th landing of Falcon 9 on X in his recent post. Falcon 9 is a reusable racket created by SpaceX in order to transport people and payloads into Earth orbit and beyond it. It is the first reusable rocket on Earth that is able to reach the orbit and return. Thanks to the design, SpaceX can reuse the most costly parts of the rocket, thus bringing down the cost of flying to space with people and/or cargo.

The cryptocurrency community took this news enthusiastically, especially XRP and Dogecoin fans. Many accounts started tweeting “420” in comments in response to Musk’s “300” X post; 420 is a number adored by Elon Musk since this is widely associated with his favorite cryptocurrency Dogecoin but also with weed. April 20 (4.20, 420) is considered to be the day of both.

$BTC $ETH

Arbitrum

Arbitrum, another Layer 2 scaling solution for Ethereum, has been gaining traction among developers and users alike. By leveraging optimistic rollups, Arbitrum enables faster and cheaper transactions while maintaining compatibility with Ethereum’s ecosystem.
The platform’s native token, ARB, is currently trading at $1.11, down 0.26% in the past 24 hours, with a 24-hour low of $1.10 and a high of $1.14. As more decentralized applications (dApps) and users migrate to Layer 2 solutions, Arbitrum’s adoption is expected to grow, potentially leading to an increase in the value of ARB.
It is crucial for investors to identify promising opportunities beyond the well-established players like Ethereum. PEPE, Optimism, and Arbitrum represent three cryptocurrencies with potential for growth, each offering unique value propositions and use cases.

The Solana community is praising liquid staking protocol Sanctum after it revealed details for its token launch and promised to ditch the predatory tactics that have marred other launches.
Sanctum said it will airdrop 10% of its tokens to early users, set aside another 30% for its community, and sell 8% through a public onchain sale.
“Projects in the past started with so little and launched with crazy inflated FDVs,” Sanctum co-founder FP Lee in an X Spaces stream outlining the launch. “We don’t want that. We want to start low and go up.”
Lee was referring to fully diluted valuation, — or FDV — the total value of a token’s supply, including those locked or yet to be distributed, and not just those that are circulating.
Sanctum also said it previously sold 13% of its token to investors, a relatively small amount compared to other projects, and reserved 25% for team members.
“It’s well done, and well-balanced between team, investors, and community,” Kasper Vandeloock, CEO of crypto trading firm Musca Capital and advisor to several DeFi projects, told DL News.
“It signals they are here for the long term, and launching a token is not them trying to find exit liquidity.”
Defi users have pushed back against projects employing what many call predatory “low float high FDV” token structures that benefit early venture investors.

Shiba Inu could breach the $0.00014 price level if it trails Ethereum price in the event that ETH clinches the $22,000 target predicted by VanEck.

VanEck Sees Ethereum at $22,000 by 2030

For context, leading asset manager VanEck recently adjusted its outlook for Ethereum, proposing a possible six times increase in price per unit and a $66 billion cash flow. As reported by The Crypto Basic, VanEck’s latest projection was fueled by the recent approval of spot Ethereum ETFs by the U.S. SEC.
With these investment products poised to introduce greater capital to the Ethereum market, industry experts believe this development could bolster Ethereum’s price, triggering a spike to greater heights. This phenomenon was recently observed with the recently-introduced spot Bitcoin ETFs, which have seen a cumulative net inflow of $15.69 billion since January.

will #pepe go up or down