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ETH The Potential Downfall of EthereumThe recent developments involving a giant whale associated with Vitalik Buterin depositing a significant amount of 2,013 ETH to OKX, combined with Ethereum Co-Founder Vitalik Buterin expressing concerns about the security of over $40 billion worth of staked ETH, present potential reasons for a decline in Ethereum's value. The deposit of such a substantial amount by a prominent figure like Vitalik Buterin's associate raises questions about market dynamics. It could imply a potential sell-off or a lack of confidence in the future performance of Ethereum. Large-scale transactions like these often have a psychological impact on investors and traders, potentially leading to increased selling pressure. The expressed concerns of Vitalik Buterin regarding the vulnerability of over $40 billion worth of staked ETH highlight potential security risks within the Ethereum ecosystem. Such concerns can erode investor confidence and create uncertainty about the overall stability and reliability of the Ethereum network. If investors perceive Ethereum as susceptible to theft or hacking, it may lead to a loss of trust and a subsequent decrease in demand for the cryptocurrency. When a co-founder of a project raises concerns about its security, it can generate negative sentiment among the community and wider market participants. This negative sentiment may result in increased caution or even withdrawals from staking, further impacting Ethereum's price. My Price Target for ETH Ethereum is now $1750, close to the 200 Moving Average on the Daily Timeframe. Looking forward to read your opinion about it.
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by TopgOptions
Meme Coins VS Web 3.0 Cryptocurrencies !I'm writing this article during the crypto selloff, almost as a joke, taking inspiration from the story of a trader who purchased a cryptocurrency known as SAFEMOON, basically a shitcoin: After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million. What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then. So he made $47.5 million with only $2.5 thousand invested, and now the project is dead! I remember this SHIB signal back in the days: I still consider it worthless, even if i bought it back then. I don't see any difference between SHIB, SAFEMOON, FLOKI, KEKE, and other crypto projects that are solely based on a community rather than focusing on developing the infrastructure of Web 3.0, similar to larger projects. There`s no intrinsic value in any of those. But opportunities will come!
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by TopgOptions
SHIB Shiba Inu Whales are Selling !If you haven`t bought SHIB here: Or sold it here: Then you should know that another notable transaction was reported on June 9 by Blockchain tracker Whale Alert, involving the transfer of 4 trillion Shiba Inu tokens to Binance. This transfer, worth $31.7 million, incurred a minimal fee of only $1.78 before the price of Shiba Inu experienced a decline. Following the transaction, there have been various reactions from market participants, with some highlighting that it resulted in a 1% increase in Shiba Inu's circulating supply to 578.9 trillion tokens. It appears that whales are engaging in selling activities. My price Target for SHIB is $0.00000500. Looking forward to read your opinion about it!
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by TopgOptions
3
Why is APEcoin still in Top 100 Cryptocurrencies?!?!If you haven`t read the APE Coin Growth Thesis: Then you should know that APEcoin's current market cap of $2.3 billion and its position within the top 100 cryptocurrencies seem overinflated and unjustified. The project's reliance on non-fungible tokens (NFTs) raises concerns about its intrinsic value and utility within the broader crypto ecosystem. Unlike other cryptocurrencies that offer tangible benefits, APEcoin's NFTs fail to provide significant value. While NFTs have gained popularity, their long-term sustainability and practical applications remain questionable. APEcoin's NFTs lack a compelling narrative or clear use case that would justify its market capitalization. In contrast to APEcoin, top-ranking cryptocurrencies have solid underlying fundamentals, offering functionalities such as decentralized applications, smart contracts, or efficient cross-border transactions. APEcoin's limited value proposition puts it at a disadvantage in the highly competitive crypto market. Considering these factors, a market correction or revaluation for APEcoin appears likely. A more realistic price target of $1.04 is in line with its current value and potential market demand. Looking forward to read your opinion about it.
Short
by TopgOptions
TRX Potential Death Spiral similar to Terra LUNAHistory repeats itself for those who haven't learned from it. SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations. Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but... The reason for the potential collapse of TRX Tron is their stablecoin, USDD. According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%. This is the USDD collateral: TRX 10,929,535,279 BTC 14,040.6 = about $313Mil USDT 29,964,253 USDC 39,719,839 so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil. Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion. Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654. Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin". Looking forward to read your opinion about it.
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by TopgOptions
1
PEPE Coin | A Whale Sold PEPE at 52% Loss !A substantial loss was incurred by a whale who sold over 400 billion PEPE tokens at a 52% loss. The sale involved the transaction of 468.5 billion PEPE tokens, in exchange for 109 ETH valued at $190,000 and 237.5 thousand USDT. The unfortunate outcome of this transaction left the whale with a significant loss. On May 9, the whale withdrew approximately $890,000 worth of PEPE tokens from the KuCoin exchange. In my view, there appears to be a significant downward trajectory ahead. Looking forward to read your opinion about it.
Short
by TopgOptions
LTC & ADA Will Crash 90% – Bear Market Has Not Even Begun Yet!The bear market has not even begun yet for 99% of altcoins, such as Litecoin (LTC) and Cardano (ADA). I expect these coins to crash at least another 90% from where they currently are. I agree with people such as Big Cheds, Bob Loukas, Benjamin Cowen, and others that altcoins are far from having bottomed and in fact that the bear market has not even begun yet. Anyone using leverage of 1.01x or higher and who is long will surely get liquidated within the next 1-3 months. Bitcoin will crash to sub $10k as well.
KRAKEN:LTCUSDShort
by couldntcomeupwithone
13
Bitcoin repeating the post-scam cycle MxGox=FTX 1 million bet Bitcoin has been relegated in the last market by a conjunction of events related to the large frauds that have permeated the cryptographic market driven by an insane level of credit available between 2020 to 2021. This has led to a hyperbubble of all kinds of assets, crypto had to go through a purge similar to that of 2014 and with events representatively similar, such as what was the annexation of Crimea by Russia curiously between the dates of February 20 and March 20, 2014, the curious thing about this is not something else that in 2022 the turns of war would start by February 24, 2022. On the other hand, scams like FTX and other scam funds that backed the rise and fall of the biggest scam in crypto history Luna. It was very similar to the fall of MTgox , probably will have an added impact of the same magnitude. We have to understand one thing the amount of bitcoin out of circulation due to these scams, where bitcoins end up in custody of some government agency, has a strong impact on the circulating supply, because for example still not delivered assets associated with MTgox, after almost 10 years. The current rise is also explained by an ideological discourse framed in what I have given to call the Genesis block strategy, this strategy is really a puzzle and a proposal that is unfolding, that is when you look at the Genesis block, this block has a sentence that proposes a challenge , think about the categories that we conceive through the state, or the central entity and allow to think freely how to manage systems without biased supervision from " Bitcoin has faced many challenges in the last market due to a series of events that shook the crypto world. These events include massive frauds, excessive credit availability, geopolitical tensions, and ideological debates. All these factors have created a huge bubble in all kinds of assets, which eventually burst like in 2014. Interestingly, some of these events have historical parallels, such as Russia’s annexation of Crimea in 2014 and the war that started in 2022. Another similarity is how some crypto platforms like FTX and Luna turned out to be scams, just like MTgox did in 2014. These scams have taken away many bitcoins from circulation, as they are now in government hands. Some of these bitcoins have been locked up for almost 10 years, like those from MTgox. Bitcoin’s current rise is also influenced by a philosophical vision that I call the Genesis block strategy. This vision is based on a message hidden in the first block of Bitcoin’s blockchain. The message invites us to question our assumptions about governance and to explore new ways of organizing systems without central authority or interference. The universal basic income and the 15-minute cities are a currency of the same class, since they are complementary, these cities will be for those who are useless in the world of AI that we are entering.
INDEX:BTCUSDLong
by TrumpMakeBitcoinGreatAgain