Cryptocurrency - Page 147 of 151

Crypto Market Feels The Pain of September

In this article [Gen-Z summary]:

Bitcoin’s been on a rollercoaster ride. After the halving, prices took a nosedive. We’re in a crypto slump, and September’s not helping. But hey, when everyone’s freaking out, it might be a good time to buy.

Usually the crypto market uptrends after the halving events of Bitcoin. In 2016 and 2020, Bitcoin continued to rise above the price of halving day.

But this time is a different scenario. Bitcoin was at $63.5k on the halving day of April 2024 and now $BTC is trading at $57,000. This bitcoin trend is dragging the whole crypto market down. Will this pain continue throughout September? Let’s find out.

Screenshot 2024 09 05 at 1.06.31 AM Bitmala

September is probably the worst month for not only crypto but also for stocks. However, we should be alert that the bottom is nearby as September passes.

Screenshot 2024 09 05 at 1.15.02 AM Bitmala

Fear & Greed Index is at 29. Last month was extreme fear at 17.

In these times, we need to remember one thing: “buy when everyone is fearful, and sell when everyone is greedy”. Is it the right time to buy or sell? Decide.

Everyone must remember what happens after September ends in halving the year of Bitcoin. If you don’t know this, check out the chart of Bitcoin on a monthly timeframe.

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Trump Family’s New Crypto Project Sparks Concern After Past Failure

4th September, 2024, Wyoming

The Trump family after the failure of their previous attempts are starting a new crypto project called World Liberty Financial, which is a lending and borrowing DeFi platform based on Aave and Ethereum. This can be seen as this project is quite similar to what they have done in Dough Finance that was vulnerable to a hack in July that saw the team lose $2 million.

When officially launched by Donald Trump and his sons, Eric, Don Jr. and Barron, the platform will include a governance token dubbed WLFI. However, the project has creates some controversy due to its resemblance to the previous project known as Dough Finance and the community is curious as to whether this project will go the same way.

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Kaspa’s Crypto Journey: Will It Skyrocket in 2024-2025?

4th September, 2024, Wyoming

If you are interested in the next groundbreaking in crypto, Kaspa should be prominent. While people are talking all about Bitcoin and Ethereum, Kaspa is steadily rising.

What do the Analysts predict?

Analysts believe it can be the next superstar in the crypto space.

But what sets KAS apart?

The interesting feature that sets Kaspa apart from any other blockchain project is the Proof-of-Work (PoW) mechanism. Kaspa is scalable, unlike Bitcoin, with the capability of handling huge transactions a second. It’s like Bitcoin’s twin, a faster, younger version.

What’s Kaspa doing now?

Analysts are divided in the buzz of Kaspa’s future. A few think that KAS can quickly skyrocket in the same way as Bitcoin. Some are cautious that the crypto market is unpredictable.

Consensus?

Kaspa is an interesting project, it will be further developing and drawing attention to the market.

If you are looking to diversify your crypto, then perhaps it is time to look at Kaspa. With its specific tech and increasing social aspect, Kaspa is promising and growing in 2024 and the following years.

But as you already know the world of crypto is quite risky, therefore, always do your research. Watch the developments of Kaspa: it may be the start of something big!

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Solana’s August Dip: What’s Next?

4th September, 2024, Wyoming

Is Solana (SOL) in a rough patch? SOL network transactions dropped to a multi-month in several months in August. Non-vote transactions dropped to almost 63% of its highest level recorded in July at 1.31 billion to 485.61 million. The mark is the lowest since September 2023.

What’s behind the dip? Some analysts believe it is a temporal slowdown, while others see a big problem.

But here’s the twist: Even if the U. S. Federal Reserve lowers rates in September, Solana may prevail says analysts.

Automated trading can only increase the coin’s liquidity, which might be enough to put SOL above Bitcoin and Ethereum.

Solana’s price has been lowering in the recent past. Likewise, key projects are striking, such as Solayer’s new staking window. This could attract more invested funds and therefore influence the Solana token’s value. Also, the DEX on Solana is expected to remain volatile. This creates the potential for Solana to experience a price hike in September.

But do not forget about unpredictability: the crypto game. It’s a rollercoaster that is best to watch from the sidelines. Watch this space because Solana could well turn the tables around.

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Bitcoin ETFs: $50 Billion Step Toward the Next Big Thing

3rd September, 2024, Wyoming

Is $50 billion baby steps towards something huge that Bitcoin’s making to recover?

Crypto enthusiasts are excited as such ETFs are preparing the market for mainstream adoption. But what does this all mean for the future of BTC?

These Bitcoin ETFs are a revolution, and they make things easy for traditional investors without having to hold the coins. $50 billion is just the beginning and this hints about Bitcoin’s potential to become an essential factor in traditional finance.

This is more than a trend! This indicates that Bitcoin is no longer a dizzy player, but is a major player in the global economy.

As more ETFs roll out, we can witness the entry of institutional money into the crypto space. This may significantly increase Bitcoin’s price. But with such an opportunity, there is a level of danger looming to see the evolution of these events.

The following few months will likely be crucial in determining whether the Bitcoin ETFs are the next wave in crypto or simply a minor blip. Regardless of the outcome, Bitcoin is making its presence known and the financial world is standing up and paying attention.

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Bitcoin’s Bearish September: August Gains Wiped Out

3rd September, 2024, Wyoming

September has arrived and Bitcoin is feeling the heat! BTC had a great August but failed to deliver this month right from the start and lost all its gains. Bitcoin has had a difficult September, and things can be different this year.

Is it just a pullback? Crypto traders are closely studying if it is the beginning of a deeper dive. The sentiment in the market is changing. Some people are buckled up for the red days, while, others remain optimistic for quick recovery.

The recent dip is more captivating. The regular fluctuations of Bitcoin’s value likely makes the market volatile. As the month is still young, the following weeks will be vitally important in the overall picture of the year.

Will Bitcoin be trading in the green this week again and leave September’s catastrophe behind or will the bears return once again? Many question arises!

Well, for now, it is all about BTC. This could be the big move and if it is traders are ready for what is coming next. Bitcoin’s move up or down in September is still undefined and depends on how it reacts to the break.

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Bittensor $TAO Reaches New High; Market Analysts Predict Continued Uptrend

3rd September 2024,Wyoming

Bittensor (TAO) is all up with a new high of $516, with a 13% jump and surpassing the $500 mark. Over the past month, $TAO’s value has surged pushing its market cap to over $3 billion. The rise is loved with growing excitement around Biitensor’s decentralized AI technology.

Analysts are optimistic about BIttensor’s future. They are predicting that its value could keep rising with the use of AI technology. Market analysts also caution people that future trend depends on continued integration and the market conditions.

While it has a noticeable uptrend, they are also suggesting that further price changes are shaped by how well the project meets the expectation in evolving AI and crypto sectors.

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Ethereum’s Bumpy Ride: What’s Next After Its Worst Month in 2 Years?

3rd September 2024, Wyoming.

The question that arises now is “What’s cooking after having the toughest month Ethereum?”. The traders and investors are eager to know what is coming. Following a sharp decline in August, the fifth largest crypto coins by market capitalization, is slowly coming back on track. Although, the upcoming events remain unclear.

Can Ethereum gain its foot back, or does the turbulence still lie? Recent setbacks in the Ethereum market have halted numerous issues such as unfavourable market performance, regulatory compliances. Likewise, the ongoing transition from Ethereum 2.0 is still a struggle.

Market analysts are keen on learning about key levels of support. If Ethereum is to rebound, then it needs to find support above the $1,600 mark. But if it goes down further it will continue to drop and this will be very bad for business.

However, many people still have confidence in its long-run growth on the right side of this cryptocurrency due to the advancement and development of Ethereum and its products.

So what now? The next few months will be critical in determining Ethereum’s direction.

Whether it will begin an upward trend or stay in a decline. Like all things crypto-based, the only thing you can be sure of is the fact that one can never be too sure.

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BlockDAG x Inter Milan: Crypto’s Bold New Power Move

BlockDAG just teamed up with Inter Milan, one of the biggest football clubs in Europe. This collab is set to put BlockDAG into tier 1 crypto status, giving it a huge boost in visibility and solidifying its spot among the big names in crypto world.

With over 12.7 billion $BDAG coins sold and $69.3 million raised, BlockDAG is already on fire. Now, with this partnership with such a legendary football club, its going to raise a new high. The fans of both crypto and football can be seen merging together.

This move is certain to bring BlockDAG with a lot of opportunities and spotlight. It will easily be able to expand its community. It might open doors for new collaborations in future.

BNB Whales Eye BlockDAG’s: Skipping Kaspa for a 5500% ROI

3rd September 2024, Wyoming.

The talk of the town now, BNB whales makes a bold move, shifting their focus from Kaspa to BlockDAG.

What could be the possible reason? BlockDAG’s potential of 5500% ROI is already grabbing attention. Despite Kaspa’s popularity, BlockDAG’s innovative structure and scalability represent something bigger. These whales are golden tickets who wish to get the largest return on their investment.

BlockDAGs can handle massive transactions without any hint of draining. In general, the structure of BlockDAG makes it more prompt and secure than typical blockchains, so it will probably expand in the future. Kaspa could still exist as something, but BlockDAG is where smart shits go.

This is not just the latest trend of BNB whales but could be the discovery of the next massive crypto superstar BlockDAG. Ordinary users can benefit from the 5500% ROI potential who invested early.

Amid a fast-moving crypto environment where million-dollar gains and losses can be measured in minutes, BNB whales are putting their money on BlockDAG. And if they’re right, so the rest of the market will just move in the same direction too.

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