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Massimo Junior
@Thebitcoinfuture
In #Crypto space since 2014,Sharing market review on a Daily basis #Btc #Alts
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I do not recommend that anyone base their decisions on my analysis. We only predict market movements, which may work sometimes but not always.
$TRB
has had a good pump, and the price is currently consolidating. If you look at the 15-minute chart, the price is repeatedly touching the same area. From here, the price could move upward, but if it doesn’t, it may go down for SL (stop-loss) hunting.
has had a good pump, and the price is currently consolidating. If you look at the 15-minute chart, the price is repeatedly touching the same area. From here, the price could move upward, but if it doesn’t, it may go down for SL (stop-loss) hunting.
#AUCTION/USDT
This chart shows a clear uptrend followed by a consolidation phase where the price is moving within a narrow range. The support zone has been tested and respected three times, signaling a strong demand zone. The price is now rebounding from support, suggesting a potential pump for buyside liquidity. If the price breaks through resistance, a significant upward move could follow.
Fundamentally, there is no major news currently impacting $AUCTION (AUCTIONUSDT). The recent movements appear to be technically driven without significant updates or announcements.
This chart shows a clear uptrend followed by a consolidation phase where the price is moving within a narrow range. The support zone has been tested and respected three times, signaling a strong demand zone. The price is now rebounding from support, suggesting a potential pump for buyside liquidity. If the price breaks through resistance, a significant upward move could follow.
Fundamentally, there is no major news currently impacting $AUCTION (AUCTIONUSDT). The recent movements appear to be technically driven without significant updates or announcements.
My plan is to sell $BTC after market manipulation. Institutions will sell, but the news will encourage people to buy.
#Btc #FOMC #CPI_BTC_Watch
#Btc #FOMC #CPI_BTC_Watch
$XRP
Ripple escrow timelock expired on Monday, and one billion XRP tokens were unlocked.
The one billion token unlock is part of Ripple’s unlocks scheduled till January 2025.
XRP hovers around $0.48 on Tuesday, adding more than 1% to its value on the day.
Ripple escrow timelock expired on Monday, and one billion XRP tokens were unlocked.
The one billion token unlock is part of Ripple’s unlocks scheduled till January 2025.
XRP hovers around $0.48 on Tuesday, adding more than 1% to its value on the day.
Bitcoin trades near key levels
The possibility of higher-for-longer U.S. borrowing costs has dampened enthusiasm for the cryptocurrency market, with bitcoin being the world’s biggest cryptocurrency.
A series of Federal Reserve officials have made it clear that they need to see more progress in taming inflation, even after last week’s weaker-than-expected U.S. inflation data, resulting in the U.S. central bank forecasting only one interest rate cut this year, compared to the prior forecast for three cuts.
At the same time, recent data, including Tuesday’s U.S. retail sales release, suggested that consumers are feeling the pinch of the elevated interest rates.
Activity is likely to be limited Wednesday, with the U.S. celebrating the Juneteenth holiday, but bitcoin could be trading near key levels that could determine the short-term trajectory of the largest crypto asset.
Bitcoin now exhibits the potential to rebound toward $67,000, according to the analytics platform Glassnode.
However, this level may create resistance, and overcoming it could set the digital currency on a path toward an even higher target of $69,500. On the flip side, the $65,000 mark is being watched as a crucial psychological support level, one that could play a pivotal role in maintaining investor confidence.
Bitcoin hit a record of $73,797.68 on March 14, and it last tested that level at the beginning of June.
63300 & 59800 is our support levels 👍🏻
The possibility of higher-for-longer U.S. borrowing costs has dampened enthusiasm for the cryptocurrency market, with bitcoin being the world’s biggest cryptocurrency.
A series of Federal Reserve officials have made it clear that they need to see more progress in taming inflation, even after last week’s weaker-than-expected U.S. inflation data, resulting in the U.S. central bank forecasting only one interest rate cut this year, compared to the prior forecast for three cuts.
At the same time, recent data, including Tuesday’s U.S. retail sales release, suggested that consumers are feeling the pinch of the elevated interest rates.
Activity is likely to be limited Wednesday, with the U.S. celebrating the Juneteenth holiday, but bitcoin could be trading near key levels that could determine the short-term trajectory of the largest crypto asset.
Bitcoin now exhibits the potential to rebound toward $67,000, according to the analytics platform Glassnode.
However, this level may create resistance, and overcoming it could set the digital currency on a path toward an even higher target of $69,500. On the flip side, the $65,000 mark is being watched as a crucial psychological support level, one that could play a pivotal role in maintaining investor confidence.
Bitcoin hit a record of $73,797.68 on March 14, and it last tested that level at the beginning of June.
63300 & 59800 is our support levels 👍🏻
Bitcoin price triggered a quick 2.05% downtick on Friday.
Despite being a small downturn, altcoins took a massive hit and are down by double digits.
BTC’s uncertainty has created a dilemma on whether they should buy the dip or sell.
The cryptocurrency market has been extremely sensitive to Bitcoin (BTC) price moves lately. The recent crash caused altcoins to register double-digit losses. While some argue this could be a good opportunity to buy the dip, others warn of an impending sell-off.
Bitcoin price moves have been key in controlling the crypto market sentiment. But lately, the altcoin sector has become extremely sensitive to pioneer crypto. On Friday, BTC shed 2.05%, which caused major altcoins to slide 20%.
Due to this highly sensitive connection between BTC and altcoins, the Open Interest (OI) dropped from $50.93 billion on Thursday to $46.85 billion on Sunday. This drop indicates that $4.21 billion in OI was wiped due to the move on Friday.
As a result of Friday's market crash, $300 million worth of positions were wiped out. Of this, $254 million belong to the bulls.
Despite being a small downturn, altcoins took a massive hit and are down by double digits.
BTC’s uncertainty has created a dilemma on whether they should buy the dip or sell.
The cryptocurrency market has been extremely sensitive to Bitcoin (BTC) price moves lately. The recent crash caused altcoins to register double-digit losses. While some argue this could be a good opportunity to buy the dip, others warn of an impending sell-off.
Bitcoin price moves have been key in controlling the crypto market sentiment. But lately, the altcoin sector has become extremely sensitive to pioneer crypto. On Friday, BTC shed 2.05%, which caused major altcoins to slide 20%.
Due to this highly sensitive connection between BTC and altcoins, the Open Interest (OI) dropped from $50.93 billion on Thursday to $46.85 billion on Sunday. This drop indicates that $4.21 billion in OI was wiped due to the move on Friday.
As a result of Friday's market crash, $300 million worth of positions were wiped out. Of this, $254 million belong to the bulls.
Ethereum open interest surges by 50%, SEC Chair says ETH ETF launch will take more time
Ethereum ETFs ‘will take some time’ before they launch, according to SEC Chair.
ETH's open interest on exchanges surged 50% to a new all-time high after SEC’s U-turn towards ETH ETFs.
New accumulating addresses holding 10-10K and 10K-100K ETH have grown steadily after ETH ETF 19b-4 approvals.
Ethereum (ETH) price hovered around $3,860 on Wednesday following Securities & Exchange Commission (SEC) Chair Gary Gensler expressing his opinion that the launch of spot ETH ETFs may be delayed. Meanwhile, Ethereum derivatives products on exchanges have seen a surge in open interest (OI).
Daily digest market movers: ETH ETFs delay, rising open interest, new accumulating addresses growth
In an interview with CNBC on Wednesday, SEC Chair Gary Gensler said spot ETH ETFs would "take some time" before they go live on exchanges, indicating S-1 approvals are not imminent. He noted that his agency is still working on disclosure measures with exchanges.
Ethereum ETFs ‘will take some time’ before they launch, according to SEC Chair.
ETH's open interest on exchanges surged 50% to a new all-time high after SEC’s U-turn towards ETH ETFs.
New accumulating addresses holding 10-10K and 10K-100K ETH have grown steadily after ETH ETF 19b-4 approvals.
Ethereum (ETH) price hovered around $3,860 on Wednesday following Securities & Exchange Commission (SEC) Chair Gary Gensler expressing his opinion that the launch of spot ETH ETFs may be delayed. Meanwhile, Ethereum derivatives products on exchanges have seen a surge in open interest (OI).
Daily digest market movers: ETH ETFs delay, rising open interest, new accumulating addresses growth
In an interview with CNBC on Wednesday, SEC Chair Gary Gensler said spot ETH ETFs would "take some time" before they go live on exchanges, indicating S-1 approvals are not imminent. He noted that his agency is still working on disclosure measures with exchanges.
$BTC #BTC
NYSE president commends Bitcoin ETFs amid skeptical views from financial advisors
Lynn Martin, the New York Stock Exchange group president, says you can't argue with the success of Bitcoin ETFs.
US financial advisors remain skeptical of Bitcoin ETFs amid market enthusiasm.
An interview conducted by CNBC suggests that advisors are not recommending Bitcoin ETF investments, citing clients' safety as a reason.
Five months after the approval of Bitcoin ETFs, financial investors still show restraint in recommending the largest digital asset. However, Lynn Martin, President of the New York Stock Exchange (NYSE), praised the ETFs' resounding success in an interview on Friday.
Lynn Martin, the president of the New York Stock Exchange (NYSE), commended Bitcoin ETFs' current successes in an interview with CNBC on Friday.
"I think you can't argue with the success of Bitcoin ETFs and the liquidity it has brought to the underlying markets," Lynn said.
Lynn had earlier revealed her views on digital assets on Wednesday, stating her openness to cryptocurrencies and the NYSE's consideration for trading them if only the crypto market had clearer regulations.
Meanwhile, US financial advisors still have skeptical views on investments in Bitcoin ETFs. Despite the enthusiasm surrounding Bitcoin ETFs, including its recent feat of hitting 1 million BTC in assets under management (AUM), these experts still hold reservations about the number one cryptocurrency.
According to a CNBC report, most advisors stated that they are "neither initiating conversations nor fielding client inquiries about the ETFs." CNBC had surveyed a dozen members of an advisor council, including Baker. The results pointed out two major concerns of these individuals: volatility and regulatory uncertainties.
Before the launch of Bitcoin ETFs, these advisors had previously cited Bitcoin's high volatility as a reason for their skepticism.
However, many of these advisors believe that consistent inflows in the ETFs over the years would lower Bitcoin's volatility, making it more adoptable.
NYSE president commends Bitcoin ETFs amid skeptical views from financial advisors
Lynn Martin, the New York Stock Exchange group president, says you can't argue with the success of Bitcoin ETFs.
US financial advisors remain skeptical of Bitcoin ETFs amid market enthusiasm.
An interview conducted by CNBC suggests that advisors are not recommending Bitcoin ETF investments, citing clients' safety as a reason.
Five months after the approval of Bitcoin ETFs, financial investors still show restraint in recommending the largest digital asset. However, Lynn Martin, President of the New York Stock Exchange (NYSE), praised the ETFs' resounding success in an interview on Friday.
Lynn Martin, the president of the New York Stock Exchange (NYSE), commended Bitcoin ETFs' current successes in an interview with CNBC on Friday.
"I think you can't argue with the success of Bitcoin ETFs and the liquidity it has brought to the underlying markets," Lynn said.
Lynn had earlier revealed her views on digital assets on Wednesday, stating her openness to cryptocurrencies and the NYSE's consideration for trading them if only the crypto market had clearer regulations.
Meanwhile, US financial advisors still have skeptical views on investments in Bitcoin ETFs. Despite the enthusiasm surrounding Bitcoin ETFs, including its recent feat of hitting 1 million BTC in assets under management (AUM), these experts still hold reservations about the number one cryptocurrency.
According to a CNBC report, most advisors stated that they are "neither initiating conversations nor fielding client inquiries about the ETFs." CNBC had surveyed a dozen members of an advisor council, including Baker. The results pointed out two major concerns of these individuals: volatility and regulatory uncertainties.
Before the launch of Bitcoin ETFs, these advisors had previously cited Bitcoin's high volatility as a reason for their skepticism.
However, many of these advisors believe that consistent inflows in the ETFs over the years would lower Bitcoin's volatility, making it more adoptable.
#pepe #btc $PEPE could set a new all-time high after large holders refused to book profit
Large holders are still holding onto PEPE despite its recent all-time high.
PEPE is on the brink of a new all-time high after an 8% rally.
Investors must exercise caution as few addresses control 65% of the token's supply.
PEPE is showing signs of a rally on Friday despite the refusal of large holders to sell. Other key on-chain data also support this move.
PEPE is up nearly 8% on Friday, aiming to set a new all-time high above $0.000017.
In May, PEPE rallied nearly 130%, setting and flipping new all-time highs along the way. The meme coin flipped Polygon (MATIC) and Litecoin (LTC) during its rise, making it the 21st largest cryptocurrency with a market cap of $6.55 billion.
However, PEPE's historical concentration shows that most whales are still holding onto their positions despite the meme coins reaching an all-time high on Monday. Hence, it hasn't experienced a huge correction.
Large holders are still holding onto PEPE despite its recent all-time high.
PEPE is on the brink of a new all-time high after an 8% rally.
Investors must exercise caution as few addresses control 65% of the token's supply.
PEPE is showing signs of a rally on Friday despite the refusal of large holders to sell. Other key on-chain data also support this move.
PEPE is up nearly 8% on Friday, aiming to set a new all-time high above $0.000017.
In May, PEPE rallied nearly 130%, setting and flipping new all-time highs along the way. The meme coin flipped Polygon (MATIC) and Litecoin (LTC) during its rise, making it the 21st largest cryptocurrency with a market cap of $6.55 billion.
However, PEPE's historical concentration shows that most whales are still holding onto their positions despite the meme coins reaching an all-time high on Monday. Hence, it hasn't experienced a huge correction.
Bitcoin is gathering its strength
Market picture
The crypto market added 1.3% in 24 hours to $2.58 trillion. This is roughly the area where trading has been centred for the last week, despite attempts by speculators to rock the market.
Volatility in the market has decreased, with prices of the major coins varying between -1.3% (Toncoin) and 3.3% (Solana), while Shiba Inu shot straight up 15% to its highest since early April.
Bitcoin continues to hover near the upper edge of the descending range, building up strength before the next move. All we have to do is reiterate that an exit above $70K will break this bearish pattern. Until then, the classic development is a pullback to the lower boundary, but we see this as an alternative option, suggesting a further breakout after consolidation.
According to CoinShares, net inflows into crypto funds totalled $1.05bn last week, up from $932m a week earlier. Bitcoin investments were up $1.01bn, Ethereum was up $36m, and Solana was up $8m.
News background
Cumulative ETF investments since the beginning of the year rose to a record $14.9 billion. The total AuM of crypto funds reached $98.5 billion. Weekly trading volumes rose 28% to $13.6 billion. CoinShares noted that sentiment is becoming generally positive, which is likely due to investors interpreting the FOMC minutes and recent macroeconomic data as slightly dovish.
MicroStrategy founder Michael Saylor pointed out that 32 cryptocurrency ETFs have accumulated more than 1 million BTC (~$70bn)—or about 5% of all asset issuance. According to SoSoValue, the largest ETF is still Grayscale's GBTC, with $20bn in assets under management (AUM), almost caught up by its closest competitor, BlackRock's IBIT.
Medical technology specialist Semler Scientific announced the purchase of 581 BTCs worth $40 million. According to the company, BTCs are now "the Treasury's primary reserve asset" because they are "a reliable store of value and an attractive investment." Semler Scientific shares jumped 28%.
Market picture
The crypto market added 1.3% in 24 hours to $2.58 trillion. This is roughly the area where trading has been centred for the last week, despite attempts by speculators to rock the market.
Volatility in the market has decreased, with prices of the major coins varying between -1.3% (Toncoin) and 3.3% (Solana), while Shiba Inu shot straight up 15% to its highest since early April.
Bitcoin continues to hover near the upper edge of the descending range, building up strength before the next move. All we have to do is reiterate that an exit above $70K will break this bearish pattern. Until then, the classic development is a pullback to the lower boundary, but we see this as an alternative option, suggesting a further breakout after consolidation.
According to CoinShares, net inflows into crypto funds totalled $1.05bn last week, up from $932m a week earlier. Bitcoin investments were up $1.01bn, Ethereum was up $36m, and Solana was up $8m.
News background
Cumulative ETF investments since the beginning of the year rose to a record $14.9 billion. The total AuM of crypto funds reached $98.5 billion. Weekly trading volumes rose 28% to $13.6 billion. CoinShares noted that sentiment is becoming generally positive, which is likely due to investors interpreting the FOMC minutes and recent macroeconomic data as slightly dovish.
MicroStrategy founder Michael Saylor pointed out that 32 cryptocurrency ETFs have accumulated more than 1 million BTC (~$70bn)—or about 5% of all asset issuance. According to SoSoValue, the largest ETF is still Grayscale's GBTC, with $20bn in assets under management (AUM), almost caught up by its closest competitor, BlackRock's IBIT.
Medical technology specialist Semler Scientific announced the purchase of 581 BTCs worth $40 million. According to the company, BTCs are now "the Treasury's primary reserve asset" because they are "a reliable store of value and an attractive investment." Semler Scientific shares jumped 28%.
Bitcoin (BTC) ETFs worldwide now hold a record 1 million BTC, according to a recent X post by MicroStrategy CEO Michael Saylor. With the new milestone, Bitcoin may see a rally as Presidential candidate Donald Trump makes another pro-crypto comment
Bitcoin ETFs set new record
Michael Saylor, CEO of MicroStrategy, recently made an X post on Monday about the significant achievement across Bitcoin ETFs worldwide, stating, "32 spot Bitcoin ETFs now hold '1 Nakamoto' of BTC," referring to 1 million BTC. This milestone was attained a little more than four months after Bitcoin ETFs went live on January 10.
US Bitcoin ETFs currently hold the largest amount, totaling 855,619 BTC. Grayscale, BlackRock, and Fidelity lead the list, with a combined holding of 737,746 BTC. BTC holdings among offshore ETFs also rose significantly.
Bitcoin ETFs hit new milestone as crypto community awaits price surge
CRYPTOS | 05/27/2024 21:58:50 GMT
Spot Bitcoin ETFs hit 1 million BTC milestone, holding 5% of the total supply.
The top three Bitcoin ETF holders are Grayscale, BlackRock, and Fidelity.
Upcoming US elections may impact Bitcoin's price following Donald Trump's latest pro-crypto comment.
Bitcoin (BTC) ETFs worldwide now hold a record 1 million BTC, according to a recent X post by MicroStrategy CEO Michael Saylor. With the new milestone, Bitcoin may see a rally as Presidential candidate Donald Trump makes another pro-crypto comment.
Bitcoin ETFs set new record
Michael Saylor, CEO of MicroStrategy, recently made an X post on Monday about the significant achievement across Bitcoin ETFs worldwide, stating, "32 spot Bitcoin ETFs now hold '1 Nakamoto' of BTC," referring to 1 million BTC. This milestone was attained a little more than four months after Bitcoin ETFs went live on January 10.
US Bitcoin ETFs currently hold the largest amount, totaling 855,619 BTC. Grayscale, BlackRock, and Fidelity lead the list, with a combined holding of 737,746 BTC. BTC holdings among offshore ETFs also rose significantly.
Bitcoin ETFs hit new milestone as crypto community awaits price surge
CRYPTOS | 05/27/2024 21:58:50 GMT
Spot Bitcoin ETFs hit 1 million BTC milestone, holding 5% of the total supply.
The top three Bitcoin ETF holders are Grayscale, BlackRock, and Fidelity.
Upcoming US elections may impact Bitcoin's price following Donald Trump's latest pro-crypto comment.
Bitcoin (BTC) ETFs worldwide now hold a record 1 million BTC, according to a recent X post by MicroStrategy CEO Michael Saylor. With the new milestone, Bitcoin may see a rally as Presidential candidate Donald Trump makes another pro-crypto comment.
$ETH $BTC
Ethereum spot ETFs are good for Bitcoin, says Michael Saylor, as ETH bulls show confidence
Ethereum bulls push ETH's price as Fear and Greed Index shows investors' overconfidence.
Michael Saylor changes perspective, now believes spot ETH ETFs are net positive for Bitcoin.
Ethereum Pectra upgrade scheduled to launch in Q1 2025.
Ethereum (ETH) gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission (SEC).
Daily digest market movers: Bullish sentiment, Michael Saylor, Pectra upgrade
Following ETH's price gain on Monday, trading firm QCP Capital noted that market participants are becoming more bullish on the largest altcoin, considering potential institutional demand when spot ETH ETFs go live.
Ethereum spot ETFs are good for Bitcoin, says Michael Saylor, as ETH bulls show confidence
Ethereum bulls push ETH's price as Fear and Greed Index shows investors' overconfidence.
Michael Saylor changes perspective, now believes spot ETH ETFs are net positive for Bitcoin.
Ethereum Pectra upgrade scheduled to launch in Q1 2025.
Ethereum (ETH) gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission (SEC).
Daily digest market movers: Bullish sentiment, Michael Saylor, Pectra upgrade
Following ETH's price gain on Monday, trading firm QCP Capital noted that market participants are becoming more bullish on the largest altcoin, considering potential institutional demand when spot ETH ETFs go live.
#A large wallet investor has spent $863,000 to buy FLOKI and MAGA, since April 8.
In less than two months, the investor has gained over $3.5 million in unrealized profits, as FLOKI and MAGA prices rally.
FLOKI and MAGA have both noted an increase in active addresses and social dominance.
Crypto intelligence tracker Lookonchain identified a large wallet investor who has accumulated FLOKI (FLOKI) and MAGA TRUMP (MAGA) tokens, in exchange for Ether, since April 8. The tracker identified the wallet’s purchases and noted an unrealized gain of over $3.5 million, as the assets rallied.
Meme coins have consistently rallied in the past few weeks, likely a result of capital rotation from Bitcoin and Ethereum or rising demand among market participants.
FLOKI and MAGA prices rally amidst bullish on-chain metrics
Lookonchain tracked a wallet theunipcs.eth and noted that the investor spent 276.4 Ether ($863K) to buy 4.56 billion FLOKI (currently worth $1.1 million) and 18.45 Ether ($57K) to buy 6.27 billion MAGA (currently worth $3.48 million), since April 8. Since the investor’s purchase, they are sitting on unrealized gains of $3.4 million on MAGA and $245,000 on FLOKI holdings, per the tracker.
$FLOKI
In less than two months, the investor has gained over $3.5 million in unrealized profits, as FLOKI and MAGA prices rally.
FLOKI and MAGA have both noted an increase in active addresses and social dominance.
Crypto intelligence tracker Lookonchain identified a large wallet investor who has accumulated FLOKI (FLOKI) and MAGA TRUMP (MAGA) tokens, in exchange for Ether, since April 8. The tracker identified the wallet’s purchases and noted an unrealized gain of over $3.5 million, as the assets rallied.
Meme coins have consistently rallied in the past few weeks, likely a result of capital rotation from Bitcoin and Ethereum or rising demand among market participants.
FLOKI and MAGA prices rally amidst bullish on-chain metrics
Lookonchain tracked a wallet theunipcs.eth and noted that the investor spent 276.4 Ether ($863K) to buy 4.56 billion FLOKI (currently worth $1.1 million) and 18.45 Ether ($57K) to buy 6.27 billion MAGA (currently worth $3.48 million), since April 8. Since the investor’s purchase, they are sitting on unrealized gains of $3.4 million on MAGA and $245,000 on FLOKI holdings, per the tracker.
$FLOKI
Arbitrum community opened a vote for its Gaming Catalyst Program (GCP) to boost support for game builders in the ARB ecosystem. The plan is to strategically allocate 200 million ARB to game projects within Arbitrum. The token has sustained its gains from the week.
Arbitrum sustains gains from the week as community votes on GCP
Focused on strategically allocating resources to game builders within the Arbitrum ecosystem, the community has opened a snapshot vote for the Gaming Catalyst Program.
The concept is to allocate 200 million ARB to projects within the ecosystem and evaluate whether the Decentralized Autonomous Organization (DAO) has reached a consensus.
The foundation will use time and resources to create legal entities for the Game Working Group, considered the interim custodian until the mission is defined and the DAO approval obtained.
The necessary details of the proposal will be mapped out and submitted to the DAO. The group will return with a final staffing plan and interim funding request within 30 days of the proposal’s adoption.
The proposal has majority support as seen on Tally.xyz
At the time of writing, ARB price is $1.1927, up nearly 20% since Sunday, May 12.
ARB has sustained its gains of 17.60% from the week, rallying towards the May 23 high of $1.2600.
Arbitrum sustains gains from the week as community votes on GCP
Focused on strategically allocating resources to game builders within the Arbitrum ecosystem, the community has opened a snapshot vote for the Gaming Catalyst Program.
The concept is to allocate 200 million ARB to projects within the ecosystem and evaluate whether the Decentralized Autonomous Organization (DAO) has reached a consensus.
The foundation will use time and resources to create legal entities for the Game Working Group, considered the interim custodian until the mission is defined and the DAO approval obtained.
The necessary details of the proposal will be mapped out and submitted to the DAO. The group will return with a final staffing plan and interim funding request within 30 days of the proposal’s adoption.
The proposal has majority support as seen on Tally.xyz
At the time of writing, ARB price is $1.1927, up nearly 20% since Sunday, May 12.
ARB has sustained its gains of 17.60% from the week, rallying towards the May 23 high of $1.2600.
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🚨 $ACT /USDT Potential Breakout Alert! Stay Tuned! 🚨
Currently trading at 0.7489 on the 1D timeframe, $ACT /USDT is showing strong bullish momentum with a notable rise.
The next resistance level to watch is at 0.8500; if the price manages to break through this, further gains are likely. Support is marked around 0.6500, a crucial level that needs to hold to maintain the upward trend.
For this trade setup, consider an entry around 0.7500 if bullish momentum remains steady. Target levels for taking profit are set at 0.8000 for a quick gain, 0.8500 as it approaches key resistance, and 0.9000 if the rally extends further.
To manage risk, place a stop-loss at 0.6200, just below the support. Keep a close watch on price action around each target and adjust the stop-loss accordingly to lock in profits as the price climbs.
#USUALonLaunchpool&Pre-Market #PennsylvaniaBitcoinReserve
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