technokhari786 (@technokhari786) • Hey
technokhari786 (@technokhari786) • Hey
Publications
- Up coming TGE event of Projects 🔥🔥🔥
- Today aftar party
- Starbucks Discontinues NFT Program to ‘Prepare for What Comes Next
Starbucks has said it will discontinue its Odyssey non-fungible token beta program and members “have until March 25, 2024, to complete any remaining journeys.” Starbucks stated on its FAQ page that it will keep its NFT community in mind and is working to find a place for its members to connect in the future.
Starbucks Prepares for What’s Next
Starbucks announced on March 15 that it was suspending its non-fungible token (NFT) program and users “have until March 25, 2024, to complete any remaining journeys.” The company said it is ending the Starbucks Odyssey Beta to “prepare for what comes next as we continue to evolve the program.”
On its updated Frequently Asked Questions page, Starbucks revealed that it will officially close the program on March 31, 2024. However, the Odyssey Discord server will close earlier, on March 19. Steve Kaczynski, the lead of the NFT program, commented on Starbucks’ decision to end the program. He said:
Starbucks has decided to sunset Odyssey. There’s a ton of uncertainty about my future now because I just lost my full-time job, but I’m doing my best to look at the positives.
Kaczynski, however, thanked Starbucks for the 15-month journey, which allowed him to work with one of his “favorite brands on the planet.” He concluded his farewell post on X by stating he would not be “commenting on behalf of Starbucks, or about the Starbucks Odyssey program, in any way.”
Meanwhile, Starbucks stated on its FAQ page that it will keep its NFT community in mind and is working to find a place for its members to connect in the future. The multinational coffee company added that the Odyssey marketplace will transition to the Nifty marketplace, where members will continue to trade Odyssey stamps.
Starbucks also said it will deliver a final benefit to Odyssey Level 1 members or higher via email at the end of the month
- NFT Market Faces 16.55% Drop in Sales Amidst Cryptocurrency Downturn
In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $ 358,080,260, a decline of 16.55% from the previous week.
NFT Sales Decline Across Leading Blockchain Platforms
This week, NFT sales dipped by 16.55%, with total sales reaching $ 358 million. Data gathered by cryptoslam.io shows that the top three blockchain platforms in terms of NFT sales volume all reported week-on-week decreases. Ethereum was at the forefront with $ 129 million in sales, yet sales of ETH-based NFTs fell by 20.98% compared to the week before. Bitcoin’s NFT sales also saw a decrease of 20.44%, with sales just over $ 124 million.
NFT sales on Solana decreased by approximately 5%, totaling $ 61.68 million last week. Polygon and BNB Chain completed the list of the top five blockchains by NFT sales volume over the seven-day span. The leading NFT collection for the week was “Uncategorized Ordinals,” capturing $ 57 million in sales, a 43% increase from the prior week. The “Bored Ape Yacht Club” (BAYC) collection followed, with sales just over $ 13 million, marking a 14% increase.Peplicator, Nodemonkes, and Mad Lads were among the top five NFT collections by sales volume. The week’s highest-priced NFT sale was “Frxethredemptionticket #158,” which sold for $ 842K, and the second-highest was an ORDI NFT, fetching $ 493K on Mar. 15. Other significant sales were recorded on the Ronin, BNB, and Solana blockchains. Despite a 16.55% decline in overall sales this week, the number of NFT buyers surged to 370,111, a significant 245% increase from the previous week.
- While Ethereum Eyes $ 5,000, BlastUP, Near Protocol and Polygon MATIC Can Surge Beyond It
PRESS RELEASE. The swiftly advancing world of cryptocurrency sees Ethereum poised to cross the $ 5000 mark. Amidst this development, crypto whales have been sighted steering their focus toward altcoins. The event paves a pathway toward understanding the potential value of altcoins poised to outpace Ethereum, suggesting an intriguing shift in crypto investments.
BlastUP Presale Hits $ 2 Million: Anticipating the Next Big Thing in Crypto
BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning debut, raising $ 2 million in a few weeks. The number of early investors who have already recognized BlastUP’s high potential is growing exponentially.
BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a rich rewards system for all those coming on board.
Currently, BlastUP is running its fourth presale stage, offering BlastUP tokens at the lowest price. Buying these tokens now at $ 0.055, you get a hefty discount of 45%, as the listing price is set at $ 0.1.
>> Be Among the FIRST! Get the Exclusive Perks From BlastUP Presale <<
Holders of BlastUP tokens may benefit from a number of privileges including allocations for token sales, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
Following a simple mission to help blockchain startups grow faster and earn more, BlastUP is on its way to becoming a dominant force. The team of dedicated crypto enthusiasts behind the project are deeply committed to their vision and have ambitious plans to become a one-of-a-kind launchpad for easy and efficient blast off in the crypto space.
The comprehensive roadmap of BlastUP extends through 2026, outlining plans to launch an AI IDO screener, develop AI tools tailored for startup teams, and set up the Community Marketplace
NEAR Protocol Gains Momentum Ahead of AI Conference, Risks Remain
Interest in NEAR Protocol is on the rise, as evidenced by the run-up ahead of a significant AI conference. It has nearly doubled in a week, currently standing at $ 8.25, comfortably above 10-day and 100-day simple moving averages. Extending this momentum, we may see NEAR pushing past the second resistance level at $ 9.11, potentially reaching new heights.
However, it’s worth monitoring issues of support. The nearest support level is $ 2.97, with a further backstop at $ 2.07. Complacency in such a buoyant market could lead to a sharp correction should sentiment shift. Holding NEAR might carry short-term risk, especially if numbers start trending closer to these lower thresholds.
Polygon’s DEX milestone could boost MATIC’s price, despite market risks
Polygon’s remarkable milestone attainment in DEX could potentially fuel a significant uptick in MATIC’s price. Given positive MACD and SMA readings, this suggests bullish potential. The current $ 1.20 price might break through the nearest resistance level of $ 1.13 on the upside and aim higher, testing $ 1.27 possibly amid boosted market sentiment.
However, it’s also crucial to consider the flip side. Despite recent achievements, the token might struggle due to market unpredictability. This could lead to a downside move towards the nearest support level at $ 0.82 or even the second support at $ 0.63. Balanced risks and opportunities endow the MATIC market with a neutral action recommendation.
BlastUP’s impressive start with a $ 2M presale and commitment to empower Web3 startups with AI tools suggest robust future performance in the crypto landscape. Though NEAR Protocol and Polygon’s MATIC also exhibit potential, their journey appears a tad more precarious compared to BlastUP. This innovative project, nestled in the Blast ecosystem, not only showcases promising potential but its unique concept forms a compelling factor for investor attention.
- My favourite Rice and Saag
- Gods Unchained Goes Mobile: Play-to-Earn NFT Game Launches on Google Play and Apple App Store
On Thursday, the creators of the Immutable X-powered non-fungible token (NFT) game Gods Unchained announced that the game is now accessible on mobile devices. The Gods Unchained application has made its debut on both the Google Play Store and Apple’s App Store across the globe.
God’s Unchained Launches Mobile Application
The popular play-to-earn strategy card game, developed on the Immutable X layer two (L2) scaling solution, Gods Unchained, has now launched as a mobile app on both Google’s and Apple’s digital stores.
Since its inception in 2018, Gods Unchained has captured the attention of over 450,000 registered users during its beta phase, and its NFTs have consistently ranked among the leading collections in sales volume. In the last week, Gods Unchained was ranked as the 17th largest collection by NFT sales volume, and as of today’s 24-hour stats, it secures the 18th position.
“Mortals, we’re excited to launch the first global mobile version of Gods Unchained,” the project’s official X account stated on Thursday. “You now have the power to choose your battleground and play anywhere, anytime.”
The current functionalities of the Gods Unchained mobile app include solo and casual gameplay modes, Immutable passport logins and registrations, rewards after matches, capabilities to open packs, a tool for building decks, an arena screen, and customizable settings.
“The best is yet to come: 66k games for the pre-alpha test showed us that our community wants to play on the go,” the GU announcement details. “This launch helps fulfill that desire, with even more exciting developments on the horizon.”
- Title: Brownie visited nigerian mermaid community
@lens/monniverseofficial , @lens/cmn__
Once upon a time, in the azure depths of the Atlantic Ocean, there existed a hidden realm known as Naija Mermoria. This mystical underwater community was home to the Nigerian mermaids, a vibrant and ancient civilization that thrived beneath the waves.
In the heart of Naija Mermoria, nestled among coral reefs and swaying kelp forests, lived a young merboy named Brownie. Unlike his peers, Brownie had a peculiar trait: his tail shimmered with hues of cocoa brown, reminiscent of the rich earth above. His eyes sparkled like the sun-kissed sands of Lagos beaches, and his laughter echoed through the underwater canyons.
Brownie’s curiosity knew no bounds. He yearned to explore beyond the familiar seaweed fields and venture into uncharted waters. His grandmother, Mama Aje, was the keeper of ancient tales. She often spoke of distant mermaid communities, their customs, and their unique ways of life.
One moonlit night, as the bioluminescent jellyfish danced, Brownie approached Mama Aje. “Grandmother,” he said, “tell me about the mermaids of other lands. I want to see the world beyond our coral gates.”
Mama Aje’s eyes twinkled. “Ah, my little Brownie,” she began, “there exists a place called Olokun’s Domain. It lies far to the west, where the ocean currents converge. There, the Nigerian mermaids gather during the Great Tides—a grand celebration of unity and culture.”
Brownie’s heart raced. “Can I go, Mama Aje? Can I visit Olokun’s Domain?”
Mama Aje nodded. “But remember, Brownie, you must respect their ways. Each community has its customs, its songs, and its secrets.”
And so, with Mama Aje’s blessings, Brownie set off on his journey. He swam through coral arches, past schools of iridescent fish, until he reached the edge of Naija Mermoria. The currents carried him westward, and soon, he glimpsed the distant glow of Olokun’s Domain.
As Brownie arrived, he marveled at the grandeur. The mermaids here wore robes adorned with cowrie shells, their hair braided with colorful beads. They sang songs of the Yoruba gods, their voices harmonizing with the ocean’s rhythm. The air smelled of spicy jollof rice and the promise of adventure.
Brownie met Ezinma, a wise mermaid with scales like burnished gold. She welcomed him with open arms. “Little brother,” she said, “our culture thrives on storytelling. Come, sit by the bonfire, and listen.”
Around the fire, Brownie learned of the Adire Mermaids, who wove intricate patterns into their tails using indigo-dyed fabric. He heard tales of the Sango Reef, where lightning danced across the water during storms, and the mermaids chanted praises to the thunder god.
Days turned into weeks, and Brownie immersed himself in Olokun’s Domain. He danced the Bata with the mermaids, tasted pounded yam dipped in spicy efo riro, and learned the art of gele tying. He even discovered the secret of the Agogoro Pearls, which granted visions of the past and future.
But it was during the Great Tides that Brownie truly understood the magic of unity. Mermaids from all corners of the ocean gathered—swirling in kaleidoscope formations, their voices merging into a symphony of belonging. Brownie sang with them, his cocoa-brown tail shimmering alongside theirs.
When the tides receded, Brownie returned to Naija Mermoria, carrying the warmth of Olokun’s Domain in his heart. He shared the stories, the dances, and the flavors with his kin. And from that day forth, the Nigerian mermaids celebrated the Great Tides together, bridging the depths between their worlds.
And so, the legend of Brownie, the little boy mermaid who connected two realms, echoed through the ocean currents—a testament to the power of culture, friendship, and the magic that binds us all beneath the waves. 🌊🧜♂️🌴
- wake up. go to lens. see bonsai. collect bonsai. repost bonsai. make bonsai. sleep. dreams bonsai. wake up. repeat.
- Loving all the creativity around the @lens/bonsai token drop! 🥰🌳🌿
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@lens/oohlala @lens/spinamp @lens/mixtape @lens/creators @lens/buttrfly
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#RainBonsai #PowerOfLens
- This is a @lens/punkess appreciation post. She's been here from day one tinkering and experimenting. All collect proceeds go to her and ofc in @lens/pointless.
- everytime i see lol, i kind of see someone drowning... random sunday after run thoughts...
〜〜lol〜〜
〜〜〜〜〜
- 2 days and 22 hours for dencun upgrade
https://www.blocknative.com/ethereum-dencun-upgrade-countdown
- especially looking for flows where there is a neat way how they show how they take privacy and data security seriously and talk about it in plain english...
- When TGE
- The $ 69,000 Bitcoin Question: Expert Forecasts When Price Will Breakout
As Bitcoin hovers near its all-time high, industry experts and investors are keenly watching for signs of its next major move. Alex Thorn, the Head of Research at Galaxy, recently shared his perspective on the Bitcoin price trajectory and the factors influencing its potential breakout. In a detailed post on X (formerly Twitter), Thorn provided insights grounded in historical data and current market dynamics.
“We Will Climb the Wall of Worry,” Thorn proclaimed, setting the tone for his analysis. Bitcoin’s recent price action saw it reaching $ 69,324 on Coinbase on Tuesday, marking its first all-time high since November 10, 2021. This milestone came after an 846-day period of anticipation and speculation, only for the price to retract 14.3% to an intraday low of $ 59,224. This volatility, exacerbated by $ 400 million in long liquidations within an hour, underscores the cryptocurrency’s unpredictable nature.
Despite the pullback, Bitcoin recovered, trading back at $ 67,000. Thorn remarked, “Volatility is back, and it’s likely to remain as we scale the wall of worry.” He compared the current situation to 2020 when Bitcoin first approached its then all-time high of approximately $ 20,000 from December 2017.
BTC faced initial resistance, experiencing a 12.33% drop after tapping the barrier twice, before ultimately surging ahead. This pattern highlights the psychological and technical challenges at previous all-time highs, a natural resistance point for any asset class. A similar (second) move could be necessary this time to shake all sellers out of the market.Describing the “Wall of Worry,” Thorn explained, “By my count, from Jan. 1, 2017 to the Dec. 17, 2017 all-time high of ~$ 20k, Bitcoin experienced 13 drawdowns of 12%+ (12 were 15%+, and 8 were 25%+). The same story played out in 2020. Between the Mar. 12, 2020 Covid low ($ 3858) and the Apr. 14. 2021 ATH of $ 64,899, there were 13 drawdowns of 10% or more (7 of them were 15% or more).Notably, Bitcoin already had two 15%+ retracements since the spot ETFs launched on January 11. This week was the second one, the first major drawdown was directly after the ETF launch, with price plunging roughly 20%.Why Bitcoin Is Just Getting Started
In his analysis, Thorn also touched upon the role of ‘old coins’ or long-held Bitcoin in shaping market movements. “Some old coins did revive and probably sell, possibly helping to create the intraday top,” he explained, pointing to blockchain data that indicated movement of coins mined as far back as 2010. This shift from old to new hands is characteristic of bull markets in Bitcoin, facilitating its broader distribution and acceptance.
Highlighting the significance of market sentiment and investment flows, Thorn noted, “And Tuesday was the Bitcoin ETFs largest ever day of inflows and second largest day of net inflows (+$ 648m) since DAY 1.” This impressive influx of capital into Bitcoin ETFs underscores the growing interest and confidence in the cryptocurrency, even amidst volatility.
Thorn remains bullish on Bitcoin’s future, suggesting that the current price dynamics are typical of the cryptocurrency’s bull markets, known for their non-linear progression and numerous corrections. He underscored the resilience and potential for growth despite the hurdles, stating, “nothing about yesterday’s price action makes me think we aren’t going higher
In conclusion, Thorn’s analysis provides a nuanced view of Bitcoin’s journey towards breaking its all-time high. By comparing current events with past market behaviors, Thorn offers a compelling case for Bitcoin’s continued ascent, but after a potential phase of consolidation with several taps of the all-time high before a definitive breakout. “Buckle up, folks. We are still just getting started,” he advises.
At press time, BTC stood at $ 66,821.
- Title: @lens/cmn__
Brownie and Star fish
Once upon a time, in the shimmering depths of the azure sea, there lived a little merboy named Brownie. Unlike other merfolk, Brownie had a mop of unruly chestnut hair and eyes that sparkled like sun-kissed coral. His tail was a blend of emerald green and sapphire blue, and he loved to explore the hidden nooks and crannies of the underwater world.
Brownie’s best friend was an ancient starfish named Stella. Stella wasn’t your typical starfish; she was enormous, with arms that stretched wide like celestial rays. Her body was adorned with iridescent hues, shifting from midnight blue to silver, as if she held the secrets of the cosmos within her spiny skin.
The merfolk whispered tales about Stella, calling her the “Monster of the Abyss.” But Brownie knew better. Stella was wise and kind, her five arms cradling the mysteries of the deep. She would tell Brownie stories of distant galaxies, of shooting stars that streaked across the night sky, leaving trails of stardust in their wake.
One moonlit night, as Brownie swam near the coral reefs, he noticed a shadow lurking in the shadows. It was a fearsome creature—a giant squid with eyes as big as ship portholes. The squid had tentacles that writhed like serpents, and its beak could crush the toughest seashells.
Terrified, Brownie darted toward Stella’s rocky hideaway. He found her nestled among the coral, her arms outstretched, tracing constellations in the water. “Stella!” he gasped. “There’s a monster out there—a squid!”
Stella’s eyes twinkled. “Ah, my dear Brownie,” she said, “not all monsters are what they seem. Come, let us investigate.”
Together, they swam toward the squid. Its tentacles reached out, but Stella gently touched one with her spines. “Greetings, fellow traveler,” she said. “Why do you haunt these waters?”
The squid’s eyes blinked in surprise. “I seek the lost city of Atlantis,” it rumbled. “Legend has it that its ruins hold the key to eternal life.”
Brownie’s curiosity piqued. “Eternal life?” he echoed.
Stella nodded. “Perhaps,” she said. “But true immortality lies in the memories we create, the friendships we cherish.”
The squid hesitated, then lowered its tentacles. “I am Inkara,” it confessed. “I’ve roamed the abyss for centuries, seeking answers.”
Brownie grinned. “Well, Inkara, you’re not alone anymore. We’ll help you find Atlantis.”
And so, the unlikely trio—Brownie the merboy, Stella the starfish, and Inkara the squid—set off on an epic adventure. They swam through phosphorescent caves, battled sea serpents, and deciphered ancient runes. Along the way, they laughed, shared secrets, and created memories that would last forever.
As they reached the sunken spires of Atlantis, Inkara’s eyes widened. “This place,” it whispered, “it’s not about immortality. It’s about connection—the threads that bind us across time and space.”
And so, beneath the ruins, they danced—a merboy, a starfish, and a squid—celebrating life, friendship, and the magic of the deep sea. Brownie realized that monsters could be friends, and legends could be rewritten.
From that day on, the merfolk no longer feared Stella. Instead, they marveled at her wisdom and courage. And as for Inkara, it decided to stay by Stella’s side, unraveling the mysteries of the universe together.
And so, in the heart of the ocean, where the sun’s rays barely touched, Brownie, Stella, and Inkara forged a bond stronger than any legend—a tale of unlikely companionship that echoed through the tides, inspiring generations of merfolk and sea creatures alike.
And that, my dear reader, is how a little merboy named Brownie and a monster starfish named Stella turned darkness into constellations and fear into friendship beneath the waves. 🌊✨🌟
- Jeju Island, South Korea, Eyes NFT-powered Growth
Jeju Island, a subtropical province off the South Korean mainland’s south coast, says it wants to use non-fungible tokens (NFTs) to transform its economy.
According to CNB News, the island – which has its own legal and administrative status – wants to use NFTs to spark growth in the tourism industry, agricultural, livestock, and fisheries sectors.
Jeju Island Revamps Crypto Hopes?
Jeju officials have been trying to use the island’s legal system to foster crypto-powered growth since 2018.
Little has come of such efforts so far, however. Seoul has thus far refused to budge on its hardline stance on ICOs, play-to-earn games, and NFT regulation.
However, it appears politicians are now ready to make a fresh bid for change in Jeju.
The Jeju Island Governor Oh Young-hoon told attendees at an IT-related forum this week:
“This year, we are gradually making preparations to focus on digital transformation. The core of all this is Web3. We can apply Web3, including the use of NFTs, to all areas of the government. This will be a step forward.”
Oh added that provincial officials and private sector representatives were “discussing ways to make further progress together.” The Governor added:
“We have a goal of turning Jeju into an ‘NFT city.’ We are even thinking about ways to make payments convenient for everyone – both South Korean and overseas visitors – everywhere in Jeju.”
How Could NFTs Help Boost Jeju Economy?
NFT technology, Oh suggested, could help Jeju Island achieve this goal. Kwon Soo-ho, the head of the Korea Blockchain Industry Promotion Association’s educational operations, also claimed that blockchain technology and NFTs could be used throughout Jeju.
Kwon said that NFT-related innovations could be “applied to various fields” in Jeju, including payments and traceability in the agricultural and “livestock products” industries.
Attendees also suggested using NFTs for hikers and walkers on the Jeju Olle Trail, a 437 km network of footpaths on the island’s coastline.
The trail is a major draw for foreign and domestic tourists. Speakers suggested awarding discount-bestowing NFTs to visitors who complete certain sections of the trail.
Other speakers suggested that NFTs could be used to promote sales and subsidies in the agriculture and fisheries sectors.
They also said that officials could use NFTs to help Jeju producers prove the authenticity of their goods and foodstuff.
Jeju is famous for delicacies including pork products from Jeju Black pigs. Another renowned local specialty is the hallabong, a citrus fruit closely related to the satsuma.Attendees further talked about using NFTs “during currency exchange and payment” processes in Jeju.
They also resurrected talk of blockchain-powered “local currency” (aka local stablecoin) vouchers that could be pegged to the fiat KRW.
Officials said these could be used to provide subsidies and boost community spending in local outlets.
- Enjoying festival. My favourite Hobby.
- Have you Minted your Tabi Testnet Nft
- Mark Cuban: Bitcoin Demand to Outpace Supply, BTC Is a Great Store of Value
Billionaire investor Mark Cuban, a minority owner of the National Basketball Association (NBA) team Dallas Mavericks, expects the price of bitcoin to go up due to the supply-demand dynamic. “I do feel that the demand is going to exceed the number of people selling,” he explained, adding that bitcoin is “a great store of value.”
Mark Cuban Explains Why He Invests in Bitcoin
Billionaire investor Mark Cuban shared why he invests in bitcoin on CNBC Monday. Cuban is a Shark Tank star and a minority owner of the National Basketball Association (NBA) team Dallas Mavericks.
When asked how much of his portfolio is in cryptocurrency, Cuban replied: “I don’t even know how much, but it’s happy. Bitcoin, in particular. Ether … ETH to a smaller extent.” He explained: “Bitcoin is just driven by supply and demand. There’s only going to be 21 million of them.” The Shark Tank star elaborated:
The more people that buy and the fewer people that sell, that means the price is going to go up. That’s just the nature of it. It’s a great store of value. That’s why I have an investment in it, because I do feel that the demand is going to exceed the number of people selling.
Commenting on whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF), Cuban said: “ETH, we will see what happens with the ETF and whether or not that gets approved. But because of the way it works, it’s a little bit different and it’s a little bit more driven by utility, but there’s more and more applications coming for the utility.”
A decision on the approval of a spot ethereum ETF by the SEC is anticipated in May. Analysts are divided, with some, like Standard Chartered Bank, expecting a green light, while others, like JPMorgan, remain cautious.
Cuban continued: “The biggest disappointment of crypto so far has been there’s not that one application where you go to your grandma and she says, ‘I have got to get this new crypto app because all my friends are using it’ — kind of like we saw in the early days of apps with Instagram. We need that transitional application for crypto to be ubiquitous.” The billionaire concluded:
But, until then, just from an investment perspective, I’m investing in bitcoin over gold all day every day, and I have said that for years.
- At Lahore
- Next generation with Phaver Fam ❤️❤️❤️
- Top Analyst Says Bitcoin Primed for a Parabolic Rally, Updates Outlook on Solana and One Other Ethereum Rival
A widely followed crypto analyst and trader is updating his forecast on three digital assets.
Starting with Bitcoin (BTC), pseudonymous crypto strategist Bluntz tells his 244,800 followers on the social media platform X that the flagship crypto asset will rally significantly once it breaches the resistance level of around $ 69,000
BTC already had a 14% pullback from that all-time high, the next attempt sends us parabolic in my opinion.”
Bitcoin is trading at $ 67,106 at time of writing, up by around 14% from its seven-day low of $ 59,000. Bitcoin plummeted to $ 59,000 hours after revisiting the all-time high level of $ 69,000.
Turning to the fifth-largest crypto asset by market cap, Bluntz says that an upward impulse for Solana (SOL) feels “imminent”.
Based on the analyst’s chart of the Solana/US dollar pair, it appears that he is suggesting that the Ethereum (ETH) rival has completed four waves of an upward-facing five-wave bullish pattern on the daily chart and could go as high as $ 200.
According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern.
Solana is trading at $ 142 at time of writing.
Concerning the Solana/Bitcoin pair, it appears that the analyst is suggesting that SOL/BTC has completed a downward-facing three-wave pattern on the daily chart and is now about to resume the main upward trend.
Solana is trading at 0.00212200 BTC at time of writing.
Next up is decentralized finance (DeFi) platform Sei (SEI). Bluntz says that SEI has demonstrated a strong reversal at the 0.618 Fibonacci retracement level, signifying a potential bullish move ahead.
Fibonacci retracements are thought to represent natural resistance and support levels with some of the most commonly used ones being 0.382, 0.5 and 0.618.
- Me with my lovely daughter
- World's Top 10 #Bitcoin Holder