richpouyan (@richpouyan) • Hey
richpouyan (@richpouyan) • Hey
Publications
- 🔥🔥 I was ready to write this and $BONSAI exploded this weekend!
I need to update and check work now so it doesn't come across that I'm just shilling my bags!! My little stack got a fair bit bigger 👀👀
- the pfp is so good i had to make some smolcoders tribute of it the minute i saw it 😍🚬🍺💻
- Let’s gooooo someone help this builder ploxx
- 🫧How is your $BUBBLE farming?
🧑🌾I farmed 91k rainbow Bubbles by staking my 15 NFTs (IO & IR)
✅Confirmed #Airdrop
👇4 ways
1️⃣Hold NFT
2️⃣Stake NFT
3️⃣Play game
4️⃣Social farming
💯3&4 Free
🧵Follow my video guide if u r new
📸Post your screenshot in comments
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1774292334919999584?t=ew4n4U8vuw8aIsLYYTbuXQ&s=19
- wen that huge turbulence hits i donnow if i should feel scared or enjoy it as a roller coaster 🥲😭 yoooooooo we’re jumping up and down
- Happy new week and month my frens ✌️
BTC halving this month ,let's see how it plays out 🤩
- GM! Have a beautiful spring day 🍀☀️🌼
- Have a nice week and a nice day for everyone 🤗🌹
- Gm, Halstatt🦆🦢
- The weather is so nice, is it just me who doesn't want to go to work? 🤔
- 🥎💖❤️ NFT ART ❤️🥎💖 @lens/nasirhussain72
- Bitcoin Technical Analysis: Upper Resistance Holds Strong Amidst Consolidation Phase
As bitcoin flirts with the $ 69,556 mark, its oscillation between $ 68,900 and $ 71,391 within the last 24 hours suggests a battleground for bulls and bears alike. Amidst a trading volume of $ 27.37 billion, the cryptocurrency giant showcases a current market capitalization of $ 1.36 trillion.
Bitcoin
Bitcoin’s current trading landscape, through the lens of oscillators and moving averages, presents a complex picture. Oscillators, including the relative strength index (RSI) and Stochastic, remain neutral, while the moving average convergence divergence (MACD) level suggests a bearish signal, contrasting with the bullish indications from both exponential (EMAs) and simple moving averages (SMAs) across various time frames. This divergence underscores the market’s uncertainty and the latest tug-of-war between buyers and sellers.
A significant sell-off on BTC’s 1-hour chart marks a sudden bearish turn, with prices plummeting from around $ 71,391 to a low of $ 68,900 per unit. This movement suggests an immediate bearish momentum, advising caution for traders considering long positions. Potential entry points for shorts could emerge if the price retests the breakdown area, with exits planned around the $ 68,900 mark to mitigate further downside risks.Bitcoin’s 4-hour chart delineates a phase of indecision post a sharp decline, hinting at possible consolidation or a forthcoming reversal. Traders eyeing a bullish reversal should await a clear bullish candlestick pattern or a breach above the $ 69,500 range. Conversely, a continued failure to surpass recent highs could offer a ripe opportunity for short positions, emphasizing the importance of setting strategic exit points to navigate the volatile market.
On a broader scale, BTC’s daily chart indicates that the recent sell-offs are part of a larger, volatile trading range, with no definitive long-term trend in sight. Entry strategies should, therefore, hinge on pronounced bullish or bearish signals, with long positions seeking confirmation through bullish patterns and shorts watching for sustained bearish momentum
Bull Verdict:
Despite the short-term volatility and bearish momentum indicated by the 1-hour chart, the overwhelming support from moving averages across broader time frames paints a promising picture for bitcoin. The majority of moving averages signaling a buy, combined with the market’s resilience in maintaining a high valuation, suggests underlying strength.
Bear Verdict:
The immediate bearish signals observed in the 1-hour chart, coupled with the MACD’s sell indication, underscore the potential for further downside in the short term. Despite the optimistic outlook from moving averages, the inability of bitcoin to sustain above critical resistance points signals weakness that bears might exploit
- Gm Frens !!!!
New week , new drop 🪂
" Starry Night "
1 EDITION
Have a great week 🫶
- $AVAIL is close
https://twitter.com/AvailProject/status/1774768585732239539?t=1YaiDkPI4v5akzVqjw7Ndg&s=19
- hey
- GN！
👅👅👅
- Good evening, Halstatt⛰️
- Ownership is a basic freedom that means you don’t have to ask for permission to do something new
- Guru
- ANDREW KANG’S STRATEGIC ACQUISITION: THE ORIGINAL PEPE NFT
In a move that underscores the enduring allure and value of iconic digital assets, Andrew Kang, the co-founder of Mechanism Capital, has made headlines by acquiring the original Pepe the Frog NFT. The acquisition, facilitated by the prestigious auction house Sotheby’s, marks a significant moment in the NFT marketplace, reflecting both the cultural impact of digital art and the intricate dynamics of the crypto world.
Andrew Kang’s high-profile Acquisition
The Pepe the Frog NFT, known for its origin from the creator Matt Furie’s Boys Club comic series, represents one of the internet’s most recognizable memes: “feels good man.” This piece of digital art holds the distinction of being the first Pepe NFT officially authorized by Furie, making it a coveted item among collectors and enthusiasts.
The sale to Andrew Kang was part of the liquidation process of the assets belonging to the now-bankrupt crypto hedge fund Three Arrows Capital (3AC). The fund’s collapse in mid-2022 sent shockwaves through the cryptocurrency market, highlighting the interconnected vulnerabilities within the sector. The acquisition of the NFT by Kang, from the estate of 3AC, was for an undisclosed sum, adding a layer of intrigue to the transaction.
The journey of the Pepe NFT
The Pepe NFT’s journey through the market is a tale of significant value appreciation and the volatile nature of the NFT marketplace. Initially sold for 420 ETH (approximately $ 1 million at the time) in April 2021, its value skyrocketed to a 1,000 ETH transaction (worth about $ 3.5 million then) when acquired by Starry Night Capital, an investment arm of 3AC, in October 2021. This trajectory underscores the speculative and highly dynamic nature of the NFT market, where the perceived value of digital assets can experience rapid and dramatic shifts.
The downfall of Three Arrows Capital not only led to the liquidation of its assets, including prized NFTs like the original Pepe, but also had a domino effect on the broader crypto ecosystem. The collapse of 3AC was precipitated by the failure of significant crypto entities such as the FTX exchange and the stablecoin UST, along with its sister token Luna. The event triggered investigations and raised concerns over the stability and transparency of financial practices within the crypto space, affecting firms like Genesis and Gemini.
Andrew Kang’s acquisition of the Pepe NFT adds to his already impressive collection of digital assets, which includes 50 Azukis, a Fidenza, three Bored Apes, 11 Mutant Apes, and 6 CryptoDickbutts. The estimated value of Andrew Kang’s NFT holdings, according to Dappradar, stands at $ 6.69 million, highlighting his significant investment and belief in the potential of NFTs as both art and asset.
Conclusion
Andrew Kang’s purchase of the original Pepe the Frog NFT from the 3AC estate is more than a transaction; it’s a statement on the resilience and evolving nature of the NFT market. Despite the tumultuous events that have rocked the crypto world, the demand for unique, culturally significant digital assets remains strong. The acquisition not only enriches Kang’s collection but also serves as a testament to the enduring appeal and speculative interest in NFTs as a cornerstone of digital culture and investment.
- A quick note on next steps in Ethereum protocol simplification and node resource load decreases (aka "the Purge"):
https://notes.ethereum.org/@vbuterin/purge_2024_03_31
- Sitting on the higher floors is very nice in terms of view, but the electricity was cut off, so I walked up all those floors 😭
- Intelligent strong hardworking