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The Skyrocketed coin By 200% Over Last Week; Shall You Buy? The formation of a bullish reversal pattern amid key developments in the Network Hints a prolonged rally in UMA price  By  Sahil Mahadik UMA, the native token of the Universal Market Access Protocol, has garnered significant attention from cryptocurrency investors, particularly due to its impressive performance in a market fraught with uncertainty. Over the past four days, the UMA price has skyrocketed by 212%, achieving a remarkable 20-month peak at $6.73. This surge represents a decisive breakout from a prolonged period of accumulation, marking the emergence of a bullish reversal trend that could pave the way for sustained future growth. UMA Price Escape From Accumulation Trend Hints New Rally Ahead A rounding bottom pattern governs the current recovery trend in UMA price.  A rising price may face overhead supply at $6.92, followed by $8.87 and $13.3 The intraday trading volume in UMA is $553.7 Million, indicating a 33% loss. UMA Price| TradingView Chart For the past 20 months, the UMA Price had been largely trading in a lateral movement, struggling to maintain its value above the key resistance level of $4.25. However, this scenario changed dramatically earlier this week when altcoin experienced a substantial influx of investment. This surge led to a remarkable escalation in its price, soaring from $1.92 to $5.98 – a staggering 210% growth within a week. #BTC #UMA+4.78% #TrendingTopic $BTC $ETH $UMA
The Skyrocketed coin By 200% Over Last Week; Shall You Buy?

The formation of a bullish reversal pattern amid key developments in the Network Hints a prolonged rally in UMA price 

By  Sahil Mahadik

UMA, the native token of the Universal Market Access Protocol, has garnered significant attention from cryptocurrency investors, particularly due to its impressive performance in a market fraught with uncertainty. Over the past four days, the UMA price has skyrocketed by 212%, achieving a remarkable 20-month peak at $6.73. This surge represents a decisive breakout from a prolonged period of accumulation, marking the emergence of a bullish reversal trend that could pave the way for sustained future growth.

UMA Price Escape From Accumulation Trend Hints New Rally Ahead

A rounding bottom pattern governs the current recovery trend in UMA price. 

A rising price may face overhead supply at $6.92, followed by $8.87 and $13.3

The intraday trading volume in UMA is $553.7 Million, indicating a 33% loss.

UMA Price| TradingView Chart

For the past 20 months, the UMA Price had been largely trading in a lateral movement, struggling to maintain its value above the key resistance level of $4.25. However, this scenario changed dramatically earlier this week when altcoin experienced a substantial influx of investment. This surge led to a remarkable escalation in its price, soaring from $1.92 to $5.98 – a staggering 210% growth within a week.

#BTC #UMA+4.78% #TrendingTopic $BTC $ETH $UMA
#SOL - Long After hitting the POI zone, $SOL executed a V-shaped recovery. This pattern typically indicates a fundamental shift in market sentiment. This is backed by this morning's positive inflation data. A divergence on the hourly chart also suggests a rebound. In an alternate wave count with a larger triangle, we saw an ABC pattern break to the downside. The correction seems to have completed. I expect a rebound and a push to a new local high soon. Entry: $159 - $153 TPs: $170, $207 Stop: $136$ $SOL $BTC $ETH #altcoins #BTC #TopCoinsJune2024
#SOL - Long

After hitting the POI zone, $SOL executed a V-shaped recovery. This pattern typically indicates a fundamental shift in market sentiment. This is backed by this morning's positive inflation data.

A divergence on the hourly chart also suggests a rebound. In an alternate wave count with a larger triangle, we saw an ABC pattern break to the downside.

The correction seems to have completed. I expect a rebound and a push to a new local high soon.

Entry: $159 - $153
TPs: $170, $207
Stop: $136$ $SOL $BTC $ETH
#altcoins #BTC #TopCoinsJune2024
BTC Update The price of the first cryptocurrency decreased. However, there is a positive dynamics, but only locally On the timeframe of 4 hours, the price fell to the support level at ~$66,700. It reached it during yesterday's "shedding" in the market The price started to bounce upwards from the mentioned support. A "bullish engulfment" candlestick pattern was formed, but it is on low volume. Thus, we can draw a horizontal "price channel" here There is a pretty good chance that price will start to move up from the lower boundary of the channel. Most likely, this channel is transforming into a "bullish flag". To confirm it, we need a breakdown of the midline #BTCFOMCWatch #CPIAlert #BTC $BTC $ETH $SOL
BTC Update

The price of the first cryptocurrency decreased. However, there is a positive dynamics, but only locally

On the timeframe of 4 hours, the price fell to the support level at ~$66,700. It reached it during yesterday's "shedding" in the market

The price started to bounce upwards from the mentioned support. A "bullish engulfment" candlestick pattern was formed, but it is on low volume. Thus, we can draw a horizontal "price channel" here

There is a pretty good chance that price will start to move up from the lower boundary of the channel. Most likely, this channel is transforming into a "bullish flag". To confirm it, we need a breakdown of the midline

#BTCFOMCWatch #CPIAlert #BTC $BTC $ETH $SOL
Binance is going to launch a new product how
Binance is going to launch a new product how
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Binance to Launch New Product on November 8th, Aiming to Onboard Next Billion Users
Binance, the world's largest cryptocurrency exchange, is set to launch a new product on November 8th, 2023. The company has not yet revealed what the product is, but it has teased that it will be pivotal for onboarding the next billion users to the crypto ecosystem.This announcement has sparked speculation among the crypto community, with many speculating that the new product could be a payment solution, decentralized exchange (DEX), or lending and borrowing protocol.Binance has been working on a number of payment initiatives in recent months, including the launch of its own Binance Pay service in 2021. A new payment product would be a major step forward for the crypto ecosystem, making it easier for people to use crypto for everyday purchases. It would also help to boost the adoption of Binance's own BNB token.A DEX would allow users to trade cryptocurrencies directly with each other without the need for a centralized intermediary. This would be a more secure and decentralized way to trade cryptocurrencies, and it would also give users more control over their funds.A lending and borrowing protocol would allow users to lend their cryptocurrencies to others in exchange for interest. This would be a way for users to generate passive income from their crypto holdings, and it would also help to increase liquidity in the crypto market.Whatever the new product is, it is clear that Binance is committed to making crypto more accessible to everyone. The company has a long track record of innovation, and it is one of the most trusted brands in the crypto industry.My ThoughtsI believe that Binance's new product has the potential to be a major catalyst for crypto adoption. If the company can successfully launch a product that makes it easy and convenient for people to use crypto for everyday purchases, it will go a long way towards onboarding the next billion users to the crypto ecosystem.What do you think Binance's new product will be?#BNBecosystem #ECOSYSTEM
Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in Three to Five Years Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in 3 to 5 yrs Strategists at a Wells Fargo subsidiary think the US could design and release a central bank digital currency (CBDC) within the next five years. In a new report, Wells Fargo Advisors’ head of real asset strategy John LaForge and investment strategy analyst Mason Mendez say that the US is studying the potential of a CBDC after President Joe Biden signed an executive order authorizing the Federal Reserve to begin looking into CBDC technology. The Fed formally started studying the potential of FedNow in September 2013 – nearly 10 years before its release. While we are not expecting a CBDC release to take 10 years, we do believe it could be a few more years before a final design is reached.” The Wells Fargo Advisors’ analysts say that debate over a potential US CBDC will only continue to increase. “CBDCs are programmable, which means that they have the potential to be tracked, monitored, and shut down by authorities. While clearly no formal CBDC design has been set, many elected officials have begun to voice their concerns over personal privacy. This is the case with many Presidential candidates, too, so expect to hear the term CBDC regularly with the 2024 election approaching.” On whether the world’s largest economy needs a CBDC, the two Wells Fargo Advisors’ analysts say, “In our view, a strong case has yet to be made that Americans ‘need’ a CBDC. Central authorities, such as the Fed and Treasury, could certainly benefit from traceable money. CBDCs could give them valuable insights into not only the American economy but the global economy, too, with the US dollar as the world’s reserve currency. Better monetary intelligence for central planners, however, must be weighed against the potential loss of individual privacies in a country founded on individual rights.” #Meme #etf #gbtc #fomo #crypto2023
Wells Fargo
Says an American CBDC Could Be Designed, Approved and Launched in Three to Five Years

Wells Fargo Says an American CBDC Could Be Designed, Approved and Launched in 3 to 5 yrs

Strategists at a Wells Fargo subsidiary think the US could design and release a central bank digital currency (CBDC) within the next five years.

In a new report, Wells Fargo Advisors’ head of real asset strategy John LaForge and investment strategy analyst Mason Mendez say that the US is studying the potential of a CBDC after President Joe Biden signed an executive order authorizing the Federal Reserve to begin looking into CBDC technology.

The Fed formally started studying the potential of FedNow in September 2013 – nearly 10 years before its release. While we are not expecting a CBDC release to take 10 years, we do believe it could be a few more years before a final design is reached.”

The Wells Fargo Advisors’ analysts say that debate over a potential US CBDC will only continue to increase.

“CBDCs are programmable, which means that they have the potential to be tracked, monitored, and shut down by authorities.

While clearly no formal CBDC design has been set, many elected officials have begun to voice their concerns over personal privacy. This is the case with many Presidential candidates, too, so expect to hear the term CBDC regularly with the 2024 election approaching.”

On whether the world’s largest economy needs a CBDC, the two Wells Fargo Advisors’ analysts say,

“In our view, a strong case has yet to be made that Americans ‘need’ a CBDC. Central authorities, such as the Fed and Treasury, could certainly benefit from traceable money. CBDCs could give them valuable insights into not only the American economy but the global economy, too, with the US dollar as the world’s reserve currency. Better monetary intelligence for central planners, however, must be weighed against the potential loss of individual privacies in a country founded on individual rights.” #Meme #etf #gbtc #fomo #crypto2023
Chairman of the USA SEC
Chairman of the USA SEC
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NEWS: The Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, once again warned about the risks associated with cryptocurrencies. In a speech delivered on October 26, 2023, Gensler noted that the cryptocurrency market is "very volatile" and "susceptible to fraud and scams."
Gensler highlighted the following risks:
Frauds and scams: The cryptocurrency market is an attractive target for scammers, who often take advantage of investors' lack of knowledge.
Volatility: The price of cryptocurrencies can fluctuate significantly, which can cause losses for investors.
Bankruptcies: Cryptocurrency companies are prone to bankruptcy, which can leave investors without access to their funds.
Money laundering: The cryptocurrency market has been used for money laundering and other illicit activities.
Gensler reiterated the importance of regulating the cryptocurrency market to protect investors. The SEC has taken steps to enforce existing laws, but Gensler has called on Congress to pass new laws to regulate the market.
Gensler's warnings come at a time when the cryptocurrency market is experiencing a recovery. Bitcoin price has broken through the $32,000 resistance, and the broader market is showing signs of stabilization.

What do you think about this topic, I'll wait for you in the comments😉

#SEC
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Fantom Foundation Launches Fantom Sonic Testnet With New Virtual Machine And Improved Consensus Mechanism
According to Foresight News, the Fantom Foundation has launched the Fantom Sonic testnet, which includes a new virtual machine (FVM), an improved database storage system called Carmen, and an optimized Lachesis consensus mechanism. The upgrade does not require a hard fork, and existing smart contracts, services, and tools on Fantom Opera are fully compatible with Fantom Sonic. The testnet's transactions per second (TPS) are expected to reach 2000+.

Users and developers are now allowed to access the Fantom Sonic testnet environment, which consists of two separate testnets. The closed testnet aims to demonstrate its maximum theoretical limit, while the open testnet is interactive, allowing any user to directly experience it. Additionally, the mainnet is planned to be released in spring 2024.
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Bitcoin: How Much Will 1 BTC Be Worth in 2030?
Bitcoin climbed above the $30,500 mark on Monday and is attracting buying pressure this month in October. BTC is moving around the $20,000 to $30,000 range this year giving investors opportunities to book profits in the short term. If the markets are timed well, investors could make decent returns with Bitcoin as the leading cryptocurrency remains volatile. Now that BTC is at the $30,500 mark, will it kick-start a bull runA handful of financial experts are predicting different price points for BTC by the end of the decade. In this article, we will highlight a price prediction by Google Bard on what Bitcoin could be priced in 2030.BTC: What Could 1 Bitcoin’s Price Be in 2030?The AI bot Google Bard listed a series of price predictions by financial analysts about Bitcoin’s price in 2030. While the AI bot pointed out predictions from Ark Invest that call for BTC to be worth $1 million in 2030, it also detailed other predictions showing BTC to reach $300,000. “While others maintain a more cautious stance, predicting prices around $45,000 to $60,000,” it wrote.However, leading on-chain metrics and price prediction firm CoinCodex has forecasted that 1 Bitcoin could be worth $141,600 in 2030. That’s an uptick and return on investment (ROI) of about 370% from its current price of $30,500.Whether Bitcoin will reach $141,600 in 2030 or not, only time can tell. The cryptocurrency markets are highly volatile and there is no guarantee that BTC could climb 370% in the next seven years. It is advised to do thorough research before taking an entry position into BTC as the markets remain in bear territory.At press time, Bitcoin was trading at $30,500 and is up close to 3% in the 24-hour day trade. Moreover, BTC is down nearly 56% from its all-time high of $69,044, which it reached in November 2021.#BTC #dyor
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🚀 Top Trending Coins (Today)

1. TON
2. ETH
3. BABYDOGE
4. CPRC
5. INJ
6. LINK
7. SURE

🚹 LATEST: BlackRock’s Bitcoin ETF, once approved, to be listed under the ticker $BTC.

#crypto2023 #cryptocurrency #BTC
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5 COINS YOU WANT TO INVEST IN NOW FOR HUGE RETURN IN THE BULL RUNđŸ’„đŸš€
Hey friends , we are all waiting the start of the bull run, in this article i will mention 5 coins with huge growth potential you want to consider invest in for big return and profit.LETS DIG IN 👇1. Cardano (ADA): Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications. With a strong team and a focus on academic research, Cardano has gained attention for its innovative technology and potential for widespread adoption.2. Polkadot (DOT): Polkadot is a multi-chain platform that allows different blockchains to interoperate and share information. With its unique architecture, Polkadot aims to solve scalability and interoperability issues in the blockchain space. As more projects build on Polkadot, its value and network effects are likely to increase.3. Chainlink (LINK): Chainlink is a decentralized oracle network that connects smart contracts with real-world data and external APIs. As the demand for smart contracts and decentralized applications grows, Chainlink's role in providing secure and reliable data feeds becomes increasingly important. This has led to its widespread adoption and potential for further growth.4. Polygon (MATIC): Polygon is a layer 2 scaling solution for Ethereum that aims to improve scalability and reduce transaction costs. With its growing ecosystem of projects and partnerships, Polygon has gained popularity as a solution to Ethereum's congestion issues. As more developers and users adopt Polygon, its value is likely to increase.5. VeChain (VET): VeChain is a blockchain platform that focuses on supply chain management and enterprise solutions. With its ability to track and verify the authenticity of products, VeChain has gained traction in industries such as luxury goods, pharmaceuticals, and agriculture. As more companies adopt blockchain technology for supply chain management, VeChain's value proposition becomes increasingly relevant.
Title: The Futurity of Bitcoin Cryptocurrency: Unleashing the Power of Digital Gold Introduction: Bitcoin, the pioneer of cryptocurrencies, has taken the world by storm since its inception in 2009. Over the past decade, it has witnessed remarkable growth, attracting both enthusiasts and skeptics alike. As we peer into the future, the question arises: What lies ahead for Bitcoin and its potential impact on the world? In this blog, we explore the futurity of Bitcoin cryptocurrency and the transformative possibilities it holds. 1. Mainstream Adoption: Bitcoin's journey from obscurity to mainstream recognition has been nothing short of extraordinary. With each passing year, more individuals, institutions, and even governments are embracing Bitcoin as a legitimate asset class. The growing acceptance and integration of Bitcoin into traditional financial systems are paving the way for mass adoption. As more people recognize its potential as a store of value and medium of exchange, Bitcoin's utility and significance will continue to expand. 2. Financial Inclusion: One of Bitcoin's most promising aspects is its potential for financial inclusion. In regions with limited access to traditional banking services, Bitcoin offers an alternative financial system that operates independent of borders and intermediaries. Through decentralized technologies, individuals can securely store and transfer value, regardless of their location or socioeconomic status. Bitcoin has the power to empower the unbanked, providing them with financial freedom and opportunities for economic growth. 3. Institutional Investment: In recent years, we have witnessed a surge in institutional interest and investment in Bitcoin. Major corporations, asset management firms, and even sovereign wealth funds are recognizing Bitcoin's potential as a hedge against inflation and a portfolio diversifier. Institutional adoption of Bitcoin not only adds legitimacy but also contributes to its liquidity and stability. As more institutions allocate a portion of their portfolios to Bitcoin,
Title: The Futurity of Bitcoin Cryptocurrency: Unleashing the Power of Digital Gold

Introduction:
Bitcoin, the pioneer of cryptocurrencies, has taken the world by storm since its inception in 2009. Over the past decade, it has witnessed remarkable growth, attracting both enthusiasts and skeptics alike. As we peer into the future, the question arises: What lies ahead for Bitcoin and its potential impact on the world? In this blog, we explore the futurity of Bitcoin cryptocurrency and the transformative possibilities it holds.

1. Mainstream Adoption:
Bitcoin's journey from obscurity to mainstream recognition has been nothing short of extraordinary. With each passing year, more individuals, institutions, and even governments are embracing Bitcoin as a legitimate asset class. The growing acceptance and integration of Bitcoin into traditional financial systems are paving the way for mass adoption. As more people recognize its potential as a store of value and medium of exchange, Bitcoin's utility and significance will continue to expand.

2. Financial Inclusion:
One of Bitcoin's most promising aspects is its potential for financial inclusion. In regions with limited access to traditional banking services, Bitcoin offers an alternative financial system that operates independent of borders and intermediaries. Through decentralized technologies, individuals can securely store and transfer value, regardless of their location or socioeconomic status. Bitcoin has the power to empower the unbanked, providing them with financial freedom and opportunities for economic growth.

3. Institutional Investment:
In recent years, we have witnessed a surge in institutional interest and investment in Bitcoin. Major corporations, asset management firms, and even sovereign wealth funds are recognizing Bitcoin's potential as a hedge against inflation and a portfolio diversifier. Institutional adoption of Bitcoin not only adds legitimacy but also contributes to its liquidity and stability. As more institutions allocate a portion of their portfolios to Bitcoin,
The futurity of bitcoin to be “Gold coin “? $ Introduction: $Bitcoin, the pioneer of cryptocurrencies, has taken the world by storm since its inception in 2009. Over the past decade, it has witnessed remarkable growth, attracting both enthusiasts and skeptics alike. As we peer into the future, the question arises: What lies ahead for Bitcoin and its potential impact on the world? In this blog, we explore the futurity of Bitcoin cryptocurrency and the transformative possibilities it holds. 1. Mainstream Adoption: Bitcoin's journey from obscurity to mainstream recognition has been nothing short of extraordinary. With each passing year, more individuals, institutions, and even governments are embracing Bitcoin as a legitimate asset class. The growing acceptance and integration of Bitcoin into traditional financial systems are paving the way for mass adoption. As more people recognize its potential as a store of value and medium of exchange, Bitcoin's utility and significance will continue to expand. 2. Financial Inclusion: One of Bitcoin's most promising aspects is its potential for financial inclusion. In regions with limited access to traditional banking services, Bitcoin offers an alternative financial system that operates independent of borders and intermediaries. Through decentralized technologies, individuals can securely store and transfer value, regardless of their location or socioeconomic status. Bitcoin has the power to empower the unbanked, providing them with financial freedom and opportunities for economic growth. 3. Institutional Investment: In recent years, we have witnessed a surge in institutional interest and investment in Bitcoin. Major corporations, asset management firms, and even sovereign wealth funds are recognizing Bitcoin's potential as a hedge against inflation and a portfolio diversifier. Institutional adoption of Bitcoin not only adds legitimacy but also contributes to its liquidity and stability. To be continued
The futurity of bitcoin to be “Gold coin “?
$

Introduction:
$Bitcoin, the pioneer of cryptocurrencies, has taken the world by storm since its inception in 2009. Over the past decade, it has witnessed remarkable growth, attracting both enthusiasts and skeptics alike. As we peer into the future, the question arises: What lies ahead for Bitcoin and its potential impact on the world? In this blog, we explore the futurity of Bitcoin cryptocurrency and the transformative possibilities it holds.

1. Mainstream Adoption:
Bitcoin's journey from obscurity to mainstream recognition has been nothing short of extraordinary. With each passing year, more individuals, institutions, and even governments are embracing Bitcoin as a legitimate asset class. The growing acceptance and integration of Bitcoin into traditional financial systems are paving the way for mass adoption. As more people recognize its potential as a store of value and medium of exchange, Bitcoin's utility and significance will continue to expand.

2. Financial Inclusion:
One of Bitcoin's most promising aspects is its potential for financial inclusion. In regions with limited access to traditional banking services, Bitcoin offers an alternative financial system that operates independent of borders and intermediaries. Through decentralized technologies, individuals can securely store and transfer value, regardless of their location or socioeconomic status. Bitcoin has the power to empower the unbanked, providing them with financial freedom and opportunities for economic growth.

3. Institutional Investment:
In recent years, we have witnessed a surge in institutional interest and investment in Bitcoin. Major corporations, asset management firms, and even sovereign wealth funds are recognizing Bitcoin's potential as a hedge against inflation and a portfolio diversifier. Institutional adoption of Bitcoin not only adds legitimacy but also contributes to its liquidity and stability.
To be continued
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