otunsk (@otunsk) • Hey
A crypto enthusiast...
Publications
- Whale Loses Over $ 8,430,000 After Capitulating on Ethereum
- Gm Gm Frens 💙
I love walking in historical narrow streets 💙
- Crypto Billionaire Joseph Lubin Says SEC’s Anti-Crypto Agenda To Have ‘Chilling Effect’ on Ethereum Users – Here’s Why
Ethereum co-founder Joseph Lubin is issuing a warning about the U.S. Securities and Exchange Commission (SEC), saying the regulator’s current policies on crypto will have a lasting effect on the industry.
In a new interview with Wired, Lubin says that if ETH is declared a security by the SEC, people in the US won’t be able to buy it, and developers won’t be able to develop Ethereum or build any more applications on top of the protocol.
Earlier this year, SEC Chair Gary Gensler refused to confirm whether or not he sees ETH as a security.
Says Lubin,
“If the SEC is able to make it stick, it will have a chilling effect on users of Ethereum across America…
If the US has its way, it might use its long arm of the law to reach into different countries around the world and create pressure to reduce access to decentralized protocols and financial disintermediation.
We don’t want to feel like we are being pushed out by an irrational or imprudent regulator. We need to stand our ground.”
- Photographer captures a photo of the exploding mortar tube that killed her.
- Vive la bot-résistance ✊ in the age of AI 👾
https://cointelegraph.com/news/the-battle-against-bots-how-to-secure-social-media-in-the-age-of-ai
https://cointelegraph.com/news/the-battle-against-bots-how-to-secure-social-media-in-the-age-of-ai
- 🤍🤍🤍
- GM Farcaster! 💜 Your Phaver posts now reach not only the 50k active Phaverians and the rest of Lens but also Farcaster, bringing posts the highest reach in all of Web3! 🔥
Let's update Phaver from App/Play store, and restart once. Make your first Phaver cast, the Supergraph fuses everything in one post! 🚀
And that's not all! Here's what's new in Release 7.3.0:
🔹 Added: Lens Momoka/Onchain quota to My Accounts page
🔹 Added: Character length indicator while posting, bottom right
🔹 Added: Protocol badges are added to posts and comments
🔹 Added: Protocol and level badges are added to profile avatar on feed, comment and other user lists
🔹 Added: Custom feed filter to quick filter row
🔹 Improvement: Filter out KOL Communities from Holder Communities
🔹 Fixed: Comment navigation bug
Keep Phavering! 🦄
- With just 80000000 total supply of DIT incentivised token mining, mining will end of the 5th of May ie four days from now. Join now and mine the rest four days for maximum benefits.
https://www.dit.top/#/pages/index/index/?c=t3o1je51
Invitation Code: t3o1je51
- Zinaida Portnova, known for having taken the lives of more than 100 Nazis by poisoning their food at just 16 years of age. She was captured by the Gestapo and while being interrogated, she disarmed the Nazi detective and shot him in the head. In her attempt to escape, she executed 2 more Nazis.
- ✍️
- More days added for wallet submission on Satoshi App for OEX withdrawal.... May 10 would be the final
- 𝗞𝗨𝗥𝗔𝗣𝗔𝗦𝗦 𝗜𝗦 𝗡𝗢𝗪 𝗟𝗜𝗩𝗘 ⛩️ @everyone
Time to use your $KURACOINS and trade some traits! The Argent pack is now available 🎉
👉 https://starkurabu.com/kurapass
How do you get it and use it? 👇
https://x.com/Starkurabu/status/1781321891699122605
https://discord.com/channels/1025416762835095674/1204085797872078918/1230880698739724384
- Interesting... we're in for a loooong ride
- To arrive at a favourable life's destinations, vital sacrifices we must necessarily make if abundant fruitfulness is our end goal....
- DAY 5
@GeckoTerminal🦎, one of the top DEX analytics tools, has now integrated OpenEX (Core) protocols!(soon #OEXMainnet) This means projects listed on #OpenEX will gain more visibility. 🎉What’s more, we all love the adorable gecko! 🦎#DeFi #OEX #Meme
- THE NECESSITY OF BLOCKCHAIN NETWORKS BACKED BY INDIVIDUALS
Running a blockchain can be a complicated task. The solution? A user-centric blockchain network that utilizes lightweight full nodes.
Blockchain technology offers new horizons in terms of user governance and digital interaction between parties. It evolves with each iteration, adding new use cases and better functionality along the way. However, the technical requirements of becoming a participant in any given blockchain network, along with the complex nature of the technology itself, often prevents newcomers from running a node and becoming a validator.
Lowering those barriers should be priority number one for the whole blockchain ecosystem. If we can’t get more users to run nodes, we can’t drive decentralization, as this would force people to rely on other services to interact with blockchains. Blockchain nodes should be light enough so anyone can run them without dedicated equipment. The node software should also be simple enough so that non-technical users have no trouble operating with it.
- DAY 3
📢GM #OEXCommunity! We've just rolled out #OEXApp version 0.1.9-pre-release with crucial updates:
✅ Fixed the issue where backup info wasn't displayed for some users.
✅ Optimized memory usage.
✅ Show total OEX Points from Satoshi App and Agiex App.
⚠️ OEX Points from Satoshi App is not fully synchronized.
🔍 FAQ Update:
❓Can I use addresses from web3 wallets like MetaMask?
💬Yes, but they must be imported to OEXApp for verification. Always download MetaMask from Google Play or App Store to avoid unsafe APKs.
❓Why does my wallet backup in OEXApp only show a private key, not a seed phrase?
💬Early versions or wallets imported via private key only support exporting the private key due to irreversible algorithms.
❓Why am I not receiving verification emails in Satoshi App?
💬High demand caused a rate limit trigger. The Satoshi App team has resolved this issue, please try again.
❓Can I only withdraw OEX Tokens in the OEX App after linking my address in Satoshi App?
💬Initially, withdrawals will be supported only through OEX App. Future updates will allow withdrawals via other Web3 wallets.
❓When will I be able to withdraw OEX Tokens?
💬Withdrawals will commence after the address linking in Satoshi App is complete and data is fully synchronized, expected to coincide with our CEX listing.
Stay tuned for more updates and ensure your apps are updated for the best experience!
#OEXApp download link:
📲 oex.to/app
- DAY 2
Guide to $OEX Address Submission on Satoshi App
The Satoshi App team is excited to announce that starting April 13, users can submit their wallet addresses for $OEX withdrawal and complete facial recognition within the app. This guide provides a detailed walkthrough of the process, ensuring you’re prepared before the April 27 deadline.
Wallet Address Submission Window: Mark your calendars:
April 13: Submission begins
April 27: Submission ends
Remember, without submitting your wallet address, withdrawing your $OEX tokens will not be possible.
Step-by-Step Withdrawal Process:
Step 1: Accessing the Address Binding Upon the withdrawal function’s activation, you’ll find the address binding option within your asset details page. Here’s how to navigate this first crucial step.
Step 2: Linking Your Withdraw Address Clicking on the ‘Link withdraw address’ button prompts you to enter your fund password. If you’ve set this up previously, you’ll move to the next phase. Remember, your fund password should differ from your login password for enhanced security.
Step 3: Finalizing Your Address After entering your binding address and fund password, know that you can modify this address until administrative confirmation. This flexibility ensures your withdrawal process is as smooth as possible.
Step 4: Completion of On-Chain Transfer With your wallet address linked, your on-chain transfer is ready to go.
Special Note on Facial Recognition: If facial authentication is required at any stage, the app will guide you through the necessary steps to ensure your identity verification is seamless and secure.
Update your app and submit your wallet address before the deadline.
- Wallet submission on for OEX on Satoshi App begins today 13/4/2024-27/4/2024.
_Go to Metamask
_Switch your network to Core
_Copy your address
_Open your Satoshi App and go to Me section
_Click on your assets
_Location OEX and click
_Then link your address copied on Metamask
Comment under post any challenges encountered...✍️
- Skip to content
EN
BTC
2.12%
ETH
1.44%
USDT
0.04%
BNB
3.94%
SOL
1.37%
XRP
1.24%
USDC
0.01%
DOGE
5.17%
TON
9.11%
ADA
1.17%
BTC
2.12%
ETH
1.44%
USDT
0.04%
BNB
3.94%
SOL
1.37%
XRP
1.24%
USDC
0.01%
DOGE
5.17%
TON
9.11%
ADA
1.17%
Home > News > Research
Published: 11/04/2024
-
Author: Kane
What is PancakeSwap and How to Use It?
Have you ever wondered: What is PancakeSwap? How can you buy coins on this platform? In this article, we will explore PancakeSwap and how to utilize it to take advantage of its unique features to earn money.
Table of Contents
PancakeSwap stands as one of the largest cryptocurrency exchanges today. It’s also a platform where cryptocurrencies that haven’t been listed on major exchanges like Binance, Huobi, etc., can still find a place. So, what is PancakeSwap? Have you grasped its operation and how to register and utilize an account on PancakeSwap? Let’s delve into these questions in this article!
What is PancakeSwap?
PancakeSwap (CAKE) is one of the top decentralized exchanges (DEX) on the BNB Chain, allowing users to directly exchange coins without the need for any intermediaries.
Launched in 2020, PancakeSwap not only provides a large liquidity pool but also offers a variety of features that are highly popular within the blockchain community. This platform enables users to trade BEP20 tokens and Binance Coin (BNB) without relying on intermediaries or worrying about losing control over their private keys.
What Is PancakeSwap
Similar to Uniswap on Ethereum, PancakeSwap operates on the Binance Smart Chain and focuses on developing BEP20 tokens, which are tokens developed by Binance.
By trading on PancakeSwap, you can directly use your wallet without the need for a centralized exchange. On this platform, you can swap BEP-20 tokens, stake CAKE in Syrup Pools, provide liquidity for automated market makers (AMM), participate in Initial Farm Offering (IFO), conduct permanent trading, and even buy or sell NFTs through the NFT marketplace.
Related: What is an NFT and how does it work?
How Does PancakeSwap Work?
AMM stands for “Automated Market Maker,” which is a mechanism where smart contracts act as intermediaries. Sellers deposit their assets into a liquidity pool, and buyers swap their assets with those in the pool through smart contracts.
DEX stands for “Decentralized Exchange,” allowing direct peer-to-peer transactions on the blockchain network without the need for intermediaries.
Therefore, similar to other AMM DEX platforms, PancakeSwap’s operation mechanism is as follows: Liquidity providers contribute their assets to the pool, and traders swap assets within the pool according to preset formulas in smart contracts, rather than using order book mechanisms like traditional exchanges.
Advantages and Disadvantages
Advantages And Disadvantages
Advantages
Built on BNB Chain: PancakeSwap is built on the BNB Chain, a blockchain by Binance, providing flexibility and high performance.
Unique Features: The platform offers unique features like Initial Farm Offering (IFO) and lotteries, creating a diverse and engaging trading experience for users.
Multichain Strategy: The multichain strategy allows trading of tokens across different blockchains, increasing access opportunities and diversifying users’ investment portfolios.
Privacy Protection: PancakeSwap does not require users to create accounts, ensuring privacy and making the trading process more convenient.
Disadvantages
Limited Token Trading: The platform only supports trading of tokens available in liquidity pools, limiting users’ choices in trading.
Cannot Directly Trade BTC: PancakeSwap does not support direct Bitcoin trading, which may be a limitation for those who want to trade directly with Bitcoin.
Risk of Scam Tokens: Due to insufficient vetting when creating pools, users may encounter scam tokens when trading on PancakeSwap.
Slow Deployment: Deployment of multichain features may be slower compared to centralized exchanges, causing delays in scaling and updating new features.
Using PancakeSwap
How to Register for a Pancake Swap
To register for a PancakeSwap account, follow these steps:
Visit the PancakeSwap website at pancakeswap.finance.
Select the “Connect Wallet” option. After successful connection, you can perform transactions and use the platform’s products. You can link with wallets like Binance Chain, Metamask, WaterConnect, Trust Wallet, and others.
Interface: What is PancakeSwap?
Guide to using Pancake Swap features
Here are some basic ways to use PancakeSwap:
Swap:
Swap
Access the PancakeSwap website.
Click on “Unlock Wallet” or “Connect” in the top right corner of the screen to unlock your Binance Smart Chain wallet.
Select the type of token you want to trade and enter the quantity.
Review the details and click “Swap.” Then click “Confirm Swap” to complete the transaction.
Liquidity:
Liquidity
Log in to your account and select “Liquidity.”
Choose “Add liquidity” in the middle of the screen.
Select the token type to add to the liquidity pool. Then, enter the token quantity and click “Confirm Supply.”
Click “Confirm” to complete the process.
Farming:
Farm
Log in and access the farming section on PancakeSwap.
Click “Connect” in the top right corner to unlock your Binance Smart Chain wallet.
Choose the Farm you want to participate in, then click “Select.”
Click “+” to stake liquidity tokens, enter the token quantity, and click “Confirm” to complete.
Conclusion
We hope that through the article “What is PancakeSwap? How to use PancakeSwap?“, you now have a better understanding of PancakeSwap, its features, and how to use them.
PancakeSwap is not just a decentralized exchange but also a large community with various features such as token swapping, staking CAKE in Syrup Pools, providing liquidity for automated market makers (AMM), participating in Initial Farm Offering (IFO), and trading NFTs through the NFT marketplace.
If you have any questions or would like to share your thoughts on PancakeSwap, feel free to leave a comment below. We look forward to hearing from you and sharing knowledge with you!
https://azc.news/what-is-pancakeswap-and-how-to-use-it-id20347/
- I am eligible 😘
- Be part of the FASTEST LAUNCHING blockchain network.
Dotchain mainnet is launching 50X to 90X faster than any other blockchain project, which allows users to earncoins using a handy device. Use this link to join and start mining DOT & Play games to Win ACE https://dotchain.network/refer/otunsk Use my invitation code(otunsk)to get 1.5/hour base rate.
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- GLYPH AIRDROP ON SATOSHI STARTS TODAY
GLYPH exchange is the flagship DEX for Bitcoin DeFi $ Inscription- Do ont he Core Blockchain. The platform drives EVM liquidity to amplify Bitcoin- powered crypto asset trading, offered a dual- product stream.
On the Bitcoin DeFi product system, Glyph Exchange leverags Uniswap V2 and V3 swaps combined with a solidify (Ve 3,3) bonding curve mechanisms for DeFi essentials, enabling the construction of highly efficient and customizable liquidity pools. Glyph Exchange is dedicated to introducing the best compatibility of EVM- customized DeFi into the Bitcoin system...
- 📣Introducing: PHAVER-UP: GENESIS EDITION!🦄
With $ 150M in NFTs connected to Phaver Cred it’s time to go on-chain with the ultimate utility NFT! 🆙🪂👀
2k limited collection on @0xPolygon & mintable for free on @MagicEden April 10th🪄
Learn more below👇
It's Happening 8th of April 2024
- OEX now on telegram!
OEX is an exchange project under Core Block chain Network. Wallet address Linking will start April 13-27, 2024.
- What is MultiBit?
Multibit (MUBI) is a cross-chain solution that enables users to move BRC-20 tokens on Bitcoin to ERC-20 tokens on EVM chains such as Ethereum, BNB Chain, etc., effectively. The goal of Multibit is to enhance the liquidity of BRC-20 tokens while fostering the development of the entire Bitcoin ecosystem.
What is MultiBit
With Multibit, the process of cross-chain token transfer from BRC-20 to ERC-20 becomes straightforward and is no longer limited by separate blockchain ecosystems. In addition to cross-chain capabilities, Multibit also develops various products to serve the goal of developing the Bitcoin ecosystem, such as Swap, Staking, Farming, etc.
How does MultiBit work?
Cross-chain process
The process of transferring BRC-20 tokens to ERC-20 tokens by users will proceed as follows:
Deposit BRC-20 tokens: Users will deposit BRC-20 tokens into a unique wallet address provided by Multibit. Multibit will verify these token transfer transactions. Users need to provide their Bitcoin wallet for use in case of token transfer back.
Mint ERC-20 tokens: After successful verification, Multibit will mint an equivalent amount of ERC-20 tokens on EVM chains such as Ethereum or BNB Chain. The equivalent amount of BRC-20 tokens will be held in Multibit’s wallet for transferring tokens from EVM chains back to the Bitcoin network.
Transaction signing: When minting ERC-20 tokens, the transaction will require the user’s signature. After signing, they will be able to receive ERC-20 tokens on EVM chains.
Work
The process of transferring ERC-20 tokens back to BRC-20 tokens proceeds as follows:
Enter quantity and fee: Users will enter the quantity of ERC-20 tokens to be transferred to BRC-20 tokens, along with a certain fee.
Burn ERC-20 tokens and transfer back to Multibit wallet: Users will sign the transaction, and the quantity of ERC-20 tokens will be burned on EVM chains. Information will be sent to the wallet managed by Multibit, with the previously stored amount of BRC-20 tokens.
Transfer BRC-20 tokens back to Bitcoin wallet: BRC-20 tokens from Multibit’s wallet will be transferred back to the Bitcoin wallet provided by the user, and they will receive the tokens back.
Multibit Ordinals AMM
Multibit Ordinals AMM (OAMM) is a decentralized exchange (DEX) specifically for trading ORDI tokens. This platform applies the principles of Automated Market Maker (AMM) to ensure liquidity, allowing users to efficiently and easily exchange ORDI tokens with other tokens.
With OAMM, users can:
Participate in liquidity providing and earn profits from transaction fees.
Execute ORDI token exchange transactions with other tokens quickly and easily.
Monitor the value and volume of transactions on the platform.
Manage and track their liquidity position.
OAMM uses advanced AMM algorithms to ensure fairness, transparency, and efficiency for all users participating. This platform contributes to enhancing liquidity and circulation of ORDI tokens in the Multibit ecosystem.
What are the features of MultiBit?
Bridge
Bridge: This is the main feature of MUBI, allowing users to convert BRC-20 tokens (on Bitcoin) to ERC-20 tokens (on EVM chains such as Ethereum, BNB Chain, Polygon). Currently, MUBI supports 3 major EVM chains.
Staking: Users can stake BRC-20 tokens on the MUBI ecosystem to receive rewards in various BRC-20 and ERC-20 tokens, with a flexible APR depending on the timing.
Farm: This is an important feature, allowing users to provide liquidity (LP) to pools to earn profits, similar to DeFi. However, this feature is still under development.
Swap: Users can swap BRC-20 tokens with each other through the MUBI DEX Ordinals AMM (OAMM), with low transaction fees. This feature has not been launched yet.
MUBI is actively developing these features to become a comprehensive DeFi ecosystem dedicated to Bitcoin and BRC-20 tokens. In addition to Multibit, the Bitcoin ecosystem also has other strong development projects, especially Merlinchain.
Related: What is Merlin Chain? Information about MERL Token?
Highlights of MultiBit
highlights
Some highlights of Multibit (MUBI) include:
Simple and secure asset conversion experience: Multibit provides a solution to convert BRC-20 tokens on Bitcoin to ERC-20 tokens on EVM chains easily and safely for users.
Expand use cases for BRC-20 tokens: Multibit allows Bitcoin users to access various DeFi solutions, helping them optimize profits with BRC-20 tokens.
Increase liquidity for Bitcoin: Features such as Bridge, Swap, Staking, and Farming of Multibit enhance liquidity for BRC-20 tokens, making it easier for users to buy, sell, and convert between BRC-20 and ERC-20/BEP-20 to adapt better to market changes.
Overall, Multibit plays a crucial role in connecting the Bitcoin ecosystem with EVM chains, opening up many new opportunities for Bitcoin users in the DeFi field.
What is MUBI Token?
After learning about Multibit, let’s learn about the project’s token – MUBI
Basic information about MUBI Token
Token Name: MultiBit
Ticker: MUBI
Blockchain: Bitcoin, Ethereum, BNB Chain, Polygon
Token Contract: Ethereum: 0x38e382f74dfb84608f3c1f10187f6bef5951de93
Total Supply: 1,000,000,000 MUBI
Circulating Supply: Updating
Use cases of MUBI Token
Governance: MUBI token holders have governance rights in the Multibit ecosystem. They can participate in decision-making processes, such as voting for platform upgrade proposals, new token listings, fee structures, and other important decisions. This demonstrates decentralization and community participation in shaping the development of Multibit.
Staking: Users can stake MUBI tokens to receive rewards in various BRC-20 and ERC-20 tokens. Additionally, individuals can stake MUBI to become Validators of the Multibit system, contributing to maintaining and securing the network.
Allocation of MUBI Token
Allocation
MUBI Token Release Schedule
Vesting
Buying, selling, and storing MUBI Token
Currently, MUBI Token can be traded on various CEX exchanges such as: MEXC, Biget, HTX, Gate, …
Roadmap
November 2023: Token Generation Event (TGE) event: Multibit launches its own token through TGE, providing opportunities for users to participate and purchase tokens.
Q1/2024: Improve interface and user experience: Multibit focuses on improving the interface, making it more direct and user-friendly to enhance the overall experience.
Q1/2024: Integrate more DeFi protocols: Multibit integrates with more DeFi protocols, allowing users to use converted tokens to perform activities such as lending, borrowing, profit farming, and decentralized trading.
Q1-2/2024: Collaboration and alliances: Multibit establishes collaborations and alliances with other blockchain projects, exchanges, and DeFi platforms to expand the scope, increase liquidity options, and promote integration capability.
Above, we have learned about what Multibit is. However, the decision to invest in Multibit or any other project depends on various factors such as investment goals, risk appetite, personal financial situation, etc.
This article is intended to provide information and knowledge about Multibit and is not specific investment advice. Before making a decision, readers should conduct thorough research, assess risks, and consider carefully.
https://azc.news/what-is-multibit-information-about-mubi-token-id20113/
- Festac 77
- Selamlar Frens! 💜 Did you notice that now you can read the best crypto news directly on Phaver and in 🇹🇷
Hoşgeldiniz @lens/cointelegraphtr, @lens/coinkolik, @lens/btchaber to Phaver! Go, follow and check them out to get latest news! 🫡
- Proudly a Teacher!
- EDUARDO GALEANO
History never really say bye bye, it say see you later
- EDUARDO GALEANO
"History never really say bye bye, it says see you later"
- Probe your vision 😀
- Now it gets more confused 😅
- Keep Phavering....
- AI Agents: The Next Big Buyers in Crypto, Predicts Palantir's Joe LonsdaleThis week, Joe Lonsdale, a founding partner of Palantir, engaged in a dialogue about artificial intelligence (AI) on CNBC’s “Squawk Box.” During this discussion, he highlighted the significant role AI will play in enhancing productivity. Furthermore, Lonsdale pointed out the potential for AI agents to utilize cryptocurrency in economic transactions, suggesting that bitcoin, ethereum, and solana could emerge as the leading assets in such a scenario.
The Unforeseen Buyer — Palantir Co-Founder Suggests AI Agents Could Drive Cryptocurrency Adoption
Joe Lonsdale, co-founder of the data analytics and software firm Palantir Technologies, recently appeared on “Squawk Box” to talk about AI. During the show, he touched on the potential use of digital currencies by AI agents. A staunch advocate for AI, Lonsdale elaborated on its tangible benefits, particularly in boosting profit margins. He specifically cited the healthcare billing sector, noting, “AI is going to be able to double the margins in that area, which means you pull $ 100 billion of spend out of the economy.”
The discussion then shifted towards bitcoin and crypto assets, where Joe Kernen, often referred to as “Joe Squawk,” shared his perspective. He opined that astute investors who entered the market when bitcoin was valued at $ 800 or even $ 8,000 made a timely move, implying that it might now be too late for others. Lonsdale responded by hinting at the possibility of an unforeseen buyer, specifically mentioning autonomous AI agents.
“There’s not going to be a whole new financial story driving it from the side of buyers necessarily,” the Palantir co-founder said. “Although, there’s one type of buyer that’s very important here — AI agents are going to start to do a lot of things in our economy and AI agents that coordinate with incentive systems are probably going to use crypto. So, if this AI story works out in consumer areas … everything to AI
CNBC host Andrew Ross Sorkin responded, “Well they are not going to be using bitcoin. They might be using ethereum, they might be using solana” or some other crypto. “Those are the three they might use, and they’re probably all correlated at the end of the day,” Lonsdale replied to Sorkin. The Palantir co-founder is not the only one who believes AI and crypto could combine forces. Grayscale, a prominent leader in digital asset management, recently released a study underscoring the burgeoning convergence of AI and cryptocurrencies.
In a blog post, Arthur Hayes, the co-founder and former CEO of Bitmex, delved into the potential demand for bitcoin by autonomous AI agents. He posited that if bitcoin and these AI entities join forces, the value of the digital asset could soar to $ 760,000 within the next two to three years. Hayes further emphasized that “bitcoin is the monetary instrument closest to representing pure energy.”
- 💥We are waiting for you feedback about Phaver App💥
✅ https://forms.gle/vCVbgS235GbMuojq8
✨Form will be closed 28th of January, at 9 pm UTC.
Let's improve Phaver together!
Let's keep Phavering! 🦄
https://docs.google.com/forms/d/e/1FAIpQLSd1-DqDrE8vJl-JizPSgxbQZRdvlfXQz_yDiB6fnji0EbGv5w/viewform?usp=send_form&usp=embed_facebook
- Bitcoin to copy the S&P 500 bull run, analyst forecasts Kevin Svenson, a prominent cryptocurrency analyst and trader, has made a compelling prediction regarding the potential trajectory of Bitcoin (BTC) in relation to the S&P 500.Bitcoin’s potential surge to a new all-time high
In his YouTube video entitled “BITCOIN WILL FOLLOW S&P 500 INTO ALL TIME HIGHS,” Svenson discusses the possibility of Bitcoin reaching new all-time highs, drawing parallels to the performance of the S&P 500, stating that the S&P has consistently led Bitcoin in all-time high breaks, and this is promising as Bitcoin is still below 40% it’s all-time high while the S&P is approaching its peak.
This prediction is based on his analysis of market trends and indicators, suggesting that Bitcoin could experience a significant surge in the coming months, potentially mirroring the record highs of the S&P 500.
According to Svenson, the S&P 500’s position serves as a key factor in his projection for Bitcoin’s future performance. He suggests that Bitcoin may be just months away from achieving a new all-time high, aligning with the upward momentum of the S&P 500.
Citing his analysis, there is a possibility of Bitcoin experiencing further upward movement before the next Bitcoin Halving. He also noted a historical pattern where a dip occurred before a bull run preceding the previous Bitcoin Halving events.
He elaborated that should the S&P 500 surpass its All-Time High, Bitcoin might also follow suit.
In October, Svenson predicted that Bitcoin’s value could soar to $ 70,000, contingent upon certain key developments.
According to Svenson, his prediction is backed by data-driven insights and pivotal market shifts.
First was the crucial resistance level of $ 32,000, an increase in Bitcoin’s price volatility following the establishment of $ 32,000 and the now-approved spot Bitcoin ETF (exchange-traded fund).
He further emphasized that even if Bitcoin doesn’t immediately breach its all-time high, we should anticipate significant price fluctuations, particularly around the $ 32,000, from this analysis, the cryptocurrency market could soon witness Bitcoin breaking past the $ 70,000 threshold.
Notably, Svenson didn’t base his forecast solely on market patterns. He also draws attention to the approval of the spot Bitcoin ETF (exchange-traded fund).More volatility expected
Bitcoin, the world’s most popular cryptocurrency, has been on a rollercoaster ride in recent years. One of the most significant events that could impact Bitcoin’s price is the upcoming Bitcoin halving, which is scheduled to occur in 2024.
The halving is a process that occurs every 210,000 blocks, or roughly every four years.
When a halving occurs, the reward for mining a block of Bitcoin is cut in half. This means that fewer new Bitcoins are being created, which can lead to an increase in demand and price.
Historically, Bitcoin has always pumped after halving. In 2012, the price of Bitcoin increased from around $ 12 to over $ 266. In 2016, the price of Bitcoin increased from around $ 400 to over $ 1,900. And in 2020, the price of Bitcoin increased from around $ 7,000 to over $ 60,000.
At the time of writing, Bitcoin is trading at around $ 41,617, with a market cap of over $ 815 billion, according to CoinGecko
- A preview of lens related airdrops in my wallet. Courtesy of @lens/cmn__ of Monniverse, @lens/jessyjeanne of Jessyfries Academy and @pointless.lens.
I believe the drops will become smth good in the long-run. How about you?
- I wanna go back to sunny lands 😥🌧️
I should listen to you @lens/elifok and stay in Adana 😍😂
- Who @gasheroofficial game UI/UX is super amazing guys....
Hopefully @lens/phaver will have good news for us on Wednesday 2p.m UTC during the space of a campaign to battle together in the games.
@lens/sidneyakpaso @lens/sunnysidetech @lens/bolaji877 @lens/aweezy @lens/fkaycollectionz @lens/hrsskea @lens/princeozee @lens/kinggdawn @makadesh @thompson007 let's form an alliance against any team before hand 👌...
Can't wait for the AMA...
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- Today's OVER WALLET QUIZ IS A SURVEY...
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LETS BE CONSISTENT LAUNCH IS 1ST QUARTER GUYS
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- Bitcoin Technical Analysis: BTC Traders Brace for Potential ETF Approval
The crypto community is abuzz with expectations as bitcoin’s pricing reflects a sophisticated dance between investor sentiment and analytical forecasts. The prospective green light for a spot bitcoin exchange-traded fund (ETF) from the U.S. Securities and Exchange Commission (SEC) is a hot topic, with traders mulling over whether it’ll catalyze a “buy the rumor sell the news” scenario or herald a significantly bullish turn.
Bitcoin
There’s a tangible sense of anticipation for the SEC’s verdict, believed by many to have been factored into the past quarter’s bitcoin price movements. Approval might initiate a temporary dip in BTC’s value as traders harvest profits, yet there remains a chance for an unexpected rally, potentially driving prices north of $ 50K. Such is the double-edged sword of regulatory events in the crypto realm, highlighting how market dynamics are intricately tied to external influences.
Bitcoin’s current market position reflects a delicate balance between optimism and caution. The intraday 24-hour price range hovers between $ 43,247 and $ 45,300, with a market capitalization of $ 879 billion and a 24-hour volume of $ 22.70 billion. The crypto community is poised at a critical juncture, with the SEC’s potential approval of spot Bitcoin ETFs by the Jan. 10 deadline potentially acting as a catalyst for significant market movement.
Technical indicators present a mixed sentiment. Oscillators like the relative strength index (RSI) and Stochastic hover in neutral territory, suggesting a wait-and-see approach among bitcoin traders. Meanwhile, the bullish signals from the awesome oscillator, momentum, and moving average convergence/divergence (MACD) level indicate underlying bullish sentiment.
Moving averages (MAs) across various time frames are predominantly indicating positive action, signaling an overall bullish trend. The exponential (EMAs) and simple moving averages (SMAs), from the short-term 10-day to the long-term 200-day, all lean towards bullish sentiment, suggesting a strong underlying momentum. This trend is consistent with the optimistic outlook of long-term bitcoin traders, despite the short-term volatility and uncertainty.
Analyzing the daily chart reveals a range of price movements with significant volatility, as indicated by the alternating bearish and bullish volatility. BTC’s daily chart suggests a price rejection at higher and lower levels, portraying a market fraught with indecision. For traders, identifying potential entry and exit points becomes crucial, with bullish breakouts and support-level dips serving as key indicators.
The 4-hour and 1-hour charts offer a more granular view of the market’s mood. The former shows a consolidation pattern, hinting at less volatility and more stability, while the latter indicates a recent uptrend and a bullish momentum. These timeframes provide traders with critical insights into short-term movements, allowing for strategic entry and exit points that align with the market’s ebb and flow
Bull Verdict:
The prevailing sentiment in bitcoin’s technical analysis leans toward optimism. The consistent Buy signals across most moving averages and positive momentum from key oscillators reinforce a bullish outlook. Despite potential short-term volatility following the SEC’s decision on a Bitcoin ETF, the overarching market trends and robust support levels suggest a resilient bullish momentum.
Bear Verdict:
On the flip side, the bearish verdict acknowledges the inherent uncertainties and speculative nature of the cryptocurrency market. The potential approval of a bitcoin ETF, if largely priced in, might lead to a “sell the news” scenario, triggering a short-term price drop as early investors take profits. The neutral stance of key oscillators suggests a lack of strong buying pressure, and the significant volatility indicated by the daily chart’s large price wicks reveals a market teetering on indecision.
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- 💥Bitcoin breaks $ 45 000!!!💥
✨Good beggining of the year😉
- Happy new year Frens! 👾 I hope you have a healthy and peaceful year with your loved ones.. 🫶🏻 I wish all projects and @lens/phaver plenty of airdropped tweets in 2024. 🎈
I'm sorry but I can't bullshit about 2024, 2024 will not be your year if you don't focus, if you don't give yourself and if you don't hardwork. ❌ The blockchain literacy rate in the ecosystem has started to increase relatively, but we have a long way to go, the passion for shit tokens may continue in the background, but please let's try to be more on the producing side of this ecosystem in 2024. 🙏🏼
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mutlu senelere dostlar 👾 sevdiklerinizle sağlıklı ve huzurlu bir yıl geçirmeniz dileğiyle.. 🫶🏻 bütün projelere ve @lens/phaver e 2024’te bol airdroplu tweetler dilerim. 🎈
üzgünüm ama umut satamayacağım, 2024 odaklanmazsanız, kendinizi vermezseniz ve çalışmazsanız sizin yılınız olmayacak. ❌ ekosistemdeki blockchain okur yazarlık oranı nispeten artmaya başladı ancak daha yolumuz var, shit token sevdası arka planda devam edebilir ama lütfen 2024’te bu ekosistemin üreten tarafında daha çok olmaya çalışalım. 🙏🏼
- Avalanche (AVAX) To Go Ape? Ethereum-Rival Aims To Promote Memecoins With New Culture Catalyst InitiativeOne rival of smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens it says are inspired by internet culture and humor.
In a new announcement, layer-1 blockchain Avalanche (AVAX) says that it intends to start promoting its Culture Catalyst initiative, which launched last year and aims to support memecoins, gas tokens, non-fungible tokens (NFTs), stablecoins, Real World Assets (RWA), and governance coins
Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains.
This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity, culture, and lifestyle that blockchain enables.”
Avalanche says it plans on purchasing select AVAX-based meme assets to start a collection, and says it will be choosing the tokens based on a combination of factors, including but not limited to its number of holders, its liquidity thresholds, and overall social sentiment.
“The Avalanche Foundation intends to start using Culture Catalyst to recognize and encourage the culture and fun symbolized by meme coins by purchasing select Avalanche-based memecoins to create a collection.
This move complements the Avalanche Foundation’s ongoing engagement across the Avalanche ecosystem, including NFTs, RWAs, and other types of crypto assets, broadening its portfolio to embrace a more complete spectrum of possibilities.”
The initiative was originally created in March 2022 as a collaboration between Avalanche and OP3N, an artificial intelligence (AI)-powered chat application.
AVAX is trading for $ 40.13 at time of writing, a fractional decrease during the last 24 hours.
- 30-12-2023
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- Spot BTC ETF May Reach $ 3 Billion in Initial Post-Launch Days, Trading Broker Says + More NewsDemand for Spot Bitcoin ETF May Reach $ 3 Billion in Initial Post-Launch Days, Trading Broker Says
Trading broker Market Haven’s experts noted that a green light for a Bitcoin (BTC) exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC) would pave the way for a surge in crypto adoption, given that it would integrate BTC into conventional, regulated financial avenues.
According to the press release, the crypto landscape will evolve with this new momentum.
A Market Haven spokesperson said that the anticipated launch of a spot Bitcoin ETF stands as a notable moment for the industry, adding:
The spokesperson continued. “The SEC’s approval of Bitcoin ETFs is not just a milestone, it is a catalyst that is set to electrify the entire crypto market. This fundamental decision marks a paradigm shift, signaling a wave of institutional investment and legitimizing cryptocurrencies in the mainstream financial arena.”
XRP Healthcare and Burnratty Investment Group Reveal Investment Opportunities in African Healthcare Mergers and Acquisitions
XRP Healthcare, a Pharma and Healthcare platform on the XRP Ledger, and The Burnratty Investment Group announced the launch of investment tickets for their Private Healthcare mergers and acquisitions venture in Africa.
The announcement stated that this investment opportunity offers a chance for individuals and institutions to actively participate in the growth and transformation of the healthcare sector on this continent.
With an investment range starting at $ 300,000 and reaching up to a maximum of $ 3,000,000, “this venture provides a rare opportunity for investors to contribute to the expansion and enhancement of private healthcare establishments, including clinics, pharmacies, and hospitals in Africa.”
The investment process is designed to be flexible, accepting contributions in fiat, USDT, or XRP, it added.
The raised funds will enable the acquisition and consolidation of private healthcare establishments. These entities will operate synergistically under one roof, benefitting from improved systems, access to top-tier medical professionals, and enhanced medical provisions.
The Burnratty Investment Group is focused on the consolidation of the fragmented Ugandan healthcare sector through the acquisition of small and medium-sized stable and profitable businesses.
At the core of this venture is XRP Healthcare’s blockchain technology. The native token XRPH, paired with(USDT, will play a central role in facilitating seamless and efficient transactions within the ecosystem, the companies said.
Coins.ph is the First Philippine Exchange to Support BRC-20
Coins.ph became the first Philippine crypto exchange to bring BRC-20 token services to the local market, a move that aligns with the company’s vision to provide Filipinos with greater access to digital asset services, the press release said.
“This move signifies that Coins.ph is committed to being at the forefront of digital asset innovation,” said CEO Wei Zhou. “BRC-20 has seen significant growth in activity since it launched earlier this year. We want to allow our users to participate in these opportunities whether it be through tokens like ORDI which we recently listed, or other product offerings enabled by BRC-20.”
In addition to listing ORDI, Coins.ph is looking at expanding the range of BRC-20 tokens available on its platform as these have significant traction in the market due to their unique features and innovative use cases, it argued.
The exchange also has plans to further bolster its BRC-20 offerings and be the leading provider of BRC-20 services in the Philippines, the announcement stated.
KuCoin Labs Partners with OOFP to Support All Kinds of Assets on Bitcoin
KuCoin Labs, the corporate VC arm of the KuCoin ecosystem, has joined forces with OOFP, a project within the Bitcoin ecosystem that provides value-added services for assets like inscriptions, runes, and non-fungible tokens (NFTs).
Per the press release, OOFP combines a vault pool for mining with strategies like holding, staking, and decentralized finance (DeFi) to enhance asset appreciation and growth. It “aims to create a vibrant ecosystem where participants can benefit from the increased value of their assets,” it said.
By offering value-added services and opportunities for asset appreciation, OOFP aims to attract and engage participants, contributing to the overall development and success of the Bitcoin ecosystem.
The collaboration with KuCoin Labs will enable OOFP to expand ecosystem partnership with all Bitcoin assets like BIIS, DOVI.
- 🔀🥎 Fixing money means fixing global 💥💥 💥💥 inequality, David Chaum says 🔀🥎👇👇
https://cointelegraph.com/news/fixing-money-means-fixing-global-inequality-david-chaum-says
- Wow i received NFT early fish genesis. Thank you @lens/cmn__