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By XTRAVAGANZA · Posted
The high APRs in May 2024 (especially for USDT, BTC, and ETH) are compelling evidence. It goes beyond just headline figures; it showcases the variety of projects with attractive returns. Beyond the immediate gains, I like how you cleverly point out the benefit of supporting new projects and the potential for growth as they gain traction. This adds a layer of strategic investment to using PoolX. Overall, this is a well-structured and informative piece that piques the interest of crypto enthusiasts looking for high returns and portfolio diversification. -
Crypto enthusiasts seeking high returns on their digital assets should look no further than Bitget's innovative PoolX event. This platform offers a unique opportunity to earn attractive APRs by pooling liquidity for various projects, providing participants with a chance to diversify their portfolios and maximize their earnings. In May 2024, Bitget PoolX witnessed impressive APRs across multiple projects. The image shows that USDT APR soared to 75.48%, while BTC and ETH APRs stood at 35.09% and 31.46%, respectively. These remarkable figures highlight the potential for substantial returns through PoolX participation. Other notable projects included ONG APR at 25.76%, NYAN APR at 22.25%, and APU APR at 16.61%. Even lower-ranking projects like DAOT, HODL, KATT, WSDM, and UDS offered respectable APRs, ranging from 14.9% to 12.73%. The success of the exchange PoolX lies in its ability to facilitate liquidity provision for various projects, allowing participants to earn rewards in the form of attractive APRs. By contributing liquidity to these pools, users not only support the growth of promising projects but also benefit from the potential upside as these projects gain traction and popularity. Looking ahead, the exchange PoolX is gearing up to introduce even more exciting projects in the coming months. Participants can expect a diverse range of opportunities, spanning various sectors and use cases within the crypto ecosystem. By staying up-to-date with the platform announcements and participating in these upcoming pools, users can position themselves to maximize their earnings and capitalize on the rapidly evolving crypto landscape. -
By tradinglounge · Posted
Wheat Elliott Wave Analysis Function - Counter Trend Mode - Corrective Structure -Zigzag for wave (B) Position - Wave A of (B) Direction - Wave A is still in play Details - As it appears the decline from 720’4 will most likely continue lower, we have adjusted the previous count. Price is now very likely in wave A of (B) against the 523’6 low. Wheat Elliott Wave Analysis Since late May, wheat has declined over 14% from 720, indicating that the commodity has retraced approximately half of the impulse rally that occurred between March 11th and May 28th. In the medium term, the move from March 11th remains a positive correction of the long-term bearish trend that spanned from March 2022 to March 2024—a two-year trend. Daily Chart Analysis: On the daily chart, wheat completed a bearish impulse wave from March 2022 at 523’6 in March 2024. Following this trend, a corrective phase was anticipated in the opposite direction. The impulse reaction that concluded wave (A) at the May 2024 peak is part of this larger bullish correction. Given that wave (A) is an impulse, we can expect at least a zigzag structure or possibly a double zigzag if the bullish correction extends over several months. Following the path of least resistance, a simple zigzag structure—wave (A)-(B)-(C)—is highly probable. Currently, the price is correcting wave (A) downwards in wave (B). Provided that the ongoing decline stays above 523’6, an extension higher is expected. However, wave (B) does not appear to be finished yet, as evident from the H4 chart. H4 Chart Analysis: On the H4 chart, the price seems to be in wave A of (B), which is evolving into an impulse structure. We anticipate a typical zigzag structure for wave (B). The invalidation level at 523’6 should not be breached. If it is, the long-term bearish trend from March 2022 will likely resume, confirming that the bullish correction from March 2024 has concluded. Summary: Wheat has seen a significant decline since late May, retracing half of its recent impulse rally. The medium-term trend from March 11th remains a positive correction within the context of a long-term bearish trend that lasted two years. On the daily chart, the completion of the bearish impulse wave in March 2024 was followed by a bullish correction, which is currently in wave (B) of a zigzag structure. The H4 chart suggests that wave A of (B) is forming an impulse structure, with expectations of a typical zigzag correction. Traders should monitor the key level of 523’6. If this level holds, the bullish correction is likely to continue with a potential extension higher. However, a breach below 523’6 would invalidate this scenario, signaling a continuation of the long-term bearish trend. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!
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