Entry to the Crypto, buy Token, 17-07-2024

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Entry to the Crypto, buy Token

Bitcoin monthly chart
On the monthly chart, bitcoin shows positive signals for investors. After the fourth halving was completed, the reward for miners decreased from 6.25 to 3.25 bitcoins, which reduced the number of new bitcoins on the market. This could lead to a price increase, especially given the positive news about the approval of a spot bitcoin ETF in Hong Kong.

From a technical perspective, bitcoin is in an accumulation phase, as evidenced by the green candle on the monthly chart. This indicates a potential price increase to $85,000 this autumn. After a period of decline, we can expect a return to growth.

Weekly chart of BTC
The weekly chart also shows positive trends. After a recent decline, bitcoin is showing signs of recovery. USDT’s dominance has dropped from 5.5% to 5%, indicating an outflow of capital from stablecoins to bitcoin and other cryptocurrencies. This is a positive signal for further growth.

Technical indicators point to a possible rise to new highs. It is important to follow the news and market trends to make informed investment decisions.

Daily chart of BTC (Bitcoin)
On the daily chart, we use several indicators to identify possible reversal points. The divergence indicator shows that the rate has passed the overbought zone and is now heading upwards. The MACD indicator also shows an upward trend. Fibonacci shows that the rate is moving from the red zone to the middle zone. According to the stochastic indicator, the rate is moving from the underbought zone to the overbought zone, which also indicates the possibility of continued growth.

Altcoins

Ethereum (ETH)
Ethereum continues to develop, in particular due to active staking, which has already reached 33% of the total supply. This indicates a high interest of investors in this process. Ethereum also remains one of the most popular platforms for DeFi and smart contracts.

Solana (SOL)
Solana is actively expanding its DeFi business, increasing the number of users and attracting new projects. Thanks to its high speed and low fees, Solana is becoming increasingly attractive to developers and investors. The price of SOL is expected to rise further in the coming months.

Ripple (XRP)
Ripple continues its development despite legal battles. The project remains attractive to banks and financial institutions, offering fast and cheap transactions. XRP has the potential to grow, especially after the legal issues are resolved.

Polygon (MATIC)
Polygon continues to increase its scalability with new updates. The transition from MATIC to POL is helping to increase efficiency and attract new users. The project remains one of the leading scalable solutions for Ethereum.

Avalanche (AVAX)
Avalanche attracts attention for the speed and efficiency of its transactions. The project is actively developing, attracting new projects and partnerships. The price of AVAX is expected to rise further in the coming months.

Chainlink (LINK)
Chainlink is expanding its role in the DeFi and NFT space. The project remains one of the leading oracle projects, providing reliable data for smart contracts. The price of LINK is expected to rise further in the coming months.

Near Protocol (NEAR)
Near Protocol is showing strong signs of recovery after a recent decline. The project is actively developing, attracting new projects and partnerships. The price of NEAR is expected to rise further in the coming months.

dYdX (DYDX)
dYdX is switching to its own blockchain, which helps to increase its independence and efficiency. The project remains one of the leading decentralised exchanges in the field, offering traders a wide range of opportunities. The price of DYDX is expected to rise further in the coming months.

Polkadot (DOT)
Polkadot spent $37 million on marketing, which did not meet expectations. Nevertheless, the project remains one of the leading multi-chain solutions, providing interaction between different blockchains. The price of DOT is expected to rise further in the coming months.

Binance Coin (BNB)
Binance Coin lost $1.7 billion due to bugs, but remains one of the leading tokens on the market. BNB continues to be used on the Binance platform to pay for commissions and other services. The price of BNB is expected to recover once the technical issues are resolved.

To sum up, we can say that bitcoin and altcoins are showing positive signals for investors. The monthly, weekly, and daily charts of BTC indicate that the price may rise to new highs. Other altcoins such as Ethereum, Solana, Ripple, Polygon, Avalanche, Chainlink, Near Protocol, dYdX, Polkadot, and Binance Coin are also showing positive trends and have the potential to grow in the coming months.

I recommend following the news and indicators to make informed investment decisions. Remember that this is not a financial recommendation, but only my personal opinion. I wish you success in crypto trading and investments! Don’t forget to donate to the Armed Forces and support our country in this important time.