Floki Inu Surges: Is a Bull Run on the Horizon?
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By cryptomaga · Posted
I hate to fud any project but one feature that makes this industry unique is transparency. I understand that project survival depends on making crucial and timely decisions but it should include the community. Notcoin and Dogs have set a high bar for airdrop on Ton blockchain so expect airdrop hunters to always use it as a yardstick for measuring project success. Hunters don’t care the numbers of eligible wallets nor the FDV what their care is the amount they receive and if it is not up to the anticipated price expect FUD on all social media platforms. Both Catizen and Hamsterkombat have experience this as players showed their dissatisfactions for the allocations and listing price. Well, is good that some exchanges campaigns provided succor to users and as such reduced their anger toward these projects. Campaigns like launchpool, deposit to earn, poolx, retweet to win etc have given users good reasons to continue farming Ton projects. We must understand that not all projects will cook at tge and there are many more Ton projects that will do higher airdrop than Notcoin and Dogs. We just have to keep grinding to the last. Anyway which project are you farming now and did you benefit from any of this exchanges campaigns? -
By Cryptowarrior · Posted
Bitcoin crossed the $65,000 mark on September 26, 2024, as positive market sentiment followed the latest U.S. jobs data. Investors were quick to react to the favorable economic indicators, driving BTC prices higher. Let's break down the key factors that fueled this bullish movement. U.S. Job Market Shows Strength The U.S. Bureau of Labor Statistics released new data showing a drop in weekly jobless claims. Initial unemployment claims fell by 4,000 to a seasonally adjusted 218,000. This indicates a strong and resilient labor market, a positive sign for the broader economy. Additionally, the second-quarter GDP growth for 2024 was revised up to 3.0%. This uptick in economic growth suggests that the Federal Reserve could consider further interest rate cuts, which could weaken the U.S. dollar and make assets like Bitcoin more attractive to investors. Bitcoin Miners Boost Reserves Another key trend in the market is the activity of Bitcoin miners. Over the last five days, miners have added 774 BTC to their reserves, totaling approximately $50.6 million. This move reflects growing confidence in Bitcoin’s future price trajectory, as miners tend to accumulate BTC during bullish market conditions. Price Gains and Outlook Bitcoin's price surged by 10% after the release of the U.S. jobless claims data on September 26 as per Coinpedia Markets data. By mid-day, BTC was trading above $65,000, reaching a new monthly peak of $65,166. This is the first time Bitcoin has traded at this level in over 55 days, breaking key resistance and setting the stage for further gains. Market analysts are now eyeing the $70,000 mark as the next potential target, driven by favorable macroeconomic conditions and positive on-chain data. With a strong U.S. labor market, a potential Fed rate cut, and bullish miner activity, Bitcoin seems poised for further growth. Will it hit $70,000 soon? Stay tuned for more insights and predictions by checking out the detailed Bitcoin Price Prediction article. -
By tradinglounge · Posted
MCD Elliott Wave Analysis Trading Lounge Daily Chart, McDonald’s Corp., (MCD) Daily Chart MCD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 1 DIRECTION: Completion in wave 1 DETAILS: Looking for MG1 of 300$ as upside target where we could potentially we a top in wave 1. MCD Elliott Wave Analysis Trading Lounge 1H Chart, McDonald’s Corp., (MCD) 1H Chart MCD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {v} of 1. DIRECTION: Looking upside within {v}. DETAILS: Looking for a bit of a different approach than what is present din the daily chart. Looking for upside within wave (v) of {v} to be unfolding. In this Elliott Wave analysis for McDonald’s Corp. (MCD), we will examine the trend structure across both the daily and 1-hour charts to assess the current wave progression and potential price targets. * MCD Elliott Wave Technical Analysis – Daily Chart* On the daily chart, McDonald’s is progressing through Wave 1 of a new impulsive move. The focus is on the completion of this wave, with Minor Group 1 (MG1) at $300 serving as the primary upside target. This level could potentially mark the top of Wave 1 as we approach a significant psychological and technical resistance level. Traders should watch for any signs of exhaustion as the price nears $300, indicating a potential corrective phase could begin once Wave 1 tops out. * MCD Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, McDonald’s is progressing within Wave {v} of 1, and the current wave structure suggests we are unfolding in the final leg—Wave (v) of {v}. This differs slightly from the daily chart but complements the broader trend, indicating that further upside is still expected before Wave 1 completes. The shorter-term view supports an ongoing bullish move, with price pushing toward the $300 target. Once Wave (v)completes, traders should anticipate the possibility of a correction, marking the end of Wave 1. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
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