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#Btc trading Signals
recentlyheardcom · 3 months
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Bitcoin $110,000 Target Holds, Breaking These Key Levels Crucial To Avoid Crash
Bitcoin (BTC) experienced a significant drop, reaching as low as $56,700 on Thursday. This price level has not been seen since May 1st, as Bitcoin faces several challenges, including US political uncertainties and the ongoing sell-off of BTC seized by the German government. These factors have contributed to a nearly 20% price correction for Bitcoin, causing concern among investors. Unraveling The…
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chrismmcrypto · 2 years
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#BTC TRADE: UPDATE!
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unpluggedfinancial · 2 months
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Major Crypto Events This Week: Impact on Bitcoin and Ethereum Prices
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In a week filled with significant developments, the crypto market is abuzz with anticipation and excitement. With former President Donald Trump and Vice President Kamala Harris set to speak at the BTC Nashville convention and a massive $1 billion inflow into the Ethereum ETF, the potential impact on Bitcoin, Ethereum, and the broader cryptocurrency market cannot be overstated. Let’s delve into these events and explore their potential ramifications.
Anticipating Trump and Kamala Harris at BTC Nashville Convention
Background
The BTC Nashville convention is a major event in the cryptocurrency community, drawing attention from investors, policymakers, and enthusiasts worldwide. This year, the convention is set to be particularly noteworthy, with high-profile speakers such as former President Donald Trump and Vice President Kamala Harris scheduled to address the attendees.
Potential Content of Trump’s Speech
Given Trump’s influential status, his speech at the BTC Nashville convention could be a game-changer. Speculation is rife about what he might discuss. Could he be hinting at a pro-crypto stance, potentially advocating for the inclusion of Bitcoin in the U.S. Treasury reserves? Such a move would likely send shockwaves through the market, boosting investor confidence and driving up prices.
Potential Content of Kamala Harris’s Speech
Vice President Kamala Harris’s speech is equally anticipated. As a key figure in the current administration, her views on cryptocurrency regulation and policy could shape the future landscape of the market. If Harris signals a supportive regulatory framework, this could pave the way for greater institutional adoption and integration of cryptocurrencies.
Possible Market Impact
The speeches by Trump and Harris could significantly influence market sentiment. A supportive stance from both could lead to a bullish trend, driving up the prices of Bitcoin and other cryptocurrencies. Conversely, a critical or cautious approach could introduce volatility and uncertainty. Investors will be closely watching for any hints of policy changes or endorsements that could impact their portfolios.
$1 Billion Trading Volume Ethereum ETF
Overview
The Ethereum ETF represents a major step forward for institutional investment in cryptocurrencies. An ETF, or Exchange-Traded Fund, allows investors to gain exposure to Ethereum without directly purchasing the cryptocurrency. This provides a more accessible and regulated way for large investors to enter the market.
Details of the Inflow
Yesterday, the Ethereum ETF saw a staggering $1 billion in volume traded, marking a significant milestone. This influx of capital indicates strong institutional interest and confidence in Ethereum’s future. Notable investors, possibly including hedge funds and large financial institutions, are likely behind this substantial investment.
Market Reaction
The market reacted positively to the news of the $1 billion inflow, with Ethereum’s price experiencing a noticeable uptick. This surge in investment not only boosts Ethereum’s price but also underscores the growing acceptance and legitimacy of cryptocurrencies in mainstream finance.
Long-term Impact
In the long term, this significant investment could lead to sustained price growth for Ethereum. As more institutional investors flock to Ethereum ETFs, the increased demand could drive prices higher. Additionally, the influx of institutional capital can lead to greater stability and reduced volatility, making Ethereum a more attractive asset for a broader range of investors.
Broader Market Implications
Investor Sentiment
These events are likely to have a profound impact on investor sentiment. The potential for supportive speeches from Trump and Harris, combined with the substantial inflow into the Ethereum ETF, could bolster confidence in the market. Positive sentiment often translates into increased buying activity, driving up prices across the board.
Regulatory Outlook
The regulatory landscape is a crucial factor in the future of cryptocurrencies. If Trump and Harris signal a favorable regulatory environment, this could lead to increased adoption and integration of cryptocurrencies in traditional finance. On the other hand, hints of stringent regulations could introduce uncertainty and caution among investors.
Future Trends
Looking ahead, these events could set the stage for significant trends in the crypto market. Increased institutional investment, regulatory clarity, and mainstream acceptance are all potential outcomes. As Bitcoin and Ethereum continue to gain traction, we could see a broader shift towards digital assets as a staple in investment portfolios.
Conclusion
This week’s events hold immense potential for the cryptocurrency market. The anticipated speeches by Trump and Harris at the BTC Nashville convention and the substantial $1 billion inflow into the Ethereum ETF could shape the future trajectory of Bitcoin, Ethereum, and the broader crypto ecosystem. Investors should stay informed and consider these developments when making investment decisions, as the market could be poised for significant movements.
Call to Action
What are your thoughts on these upcoming events and their potential impact on the crypto market? Share your insights in the comments below. For more updates and in-depth analyses, subscribe to our blog and stay ahead of the curve in the ever-evolving world of cryptocurrencies.
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harinibw · 2 months
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XRP is drawing significant attention from market experts and investors, with analyses suggesting a potential major rally. Crypto analyst Dark Defender highlighted XRP/BTC's critical juncture, indicating "No Room Left" for further decline without a market reaction, suggesting an imminent upward move. Analyst The Moon is also optimistic, forecasting a rise towards the $0.56 resistance level, supported by a bullish flag formation. XRP is consolidating within a triangle pattern, indicating a possible surge once the upper resistance line is breached.
Analyst JD noted several bullish signals for XRP in 2024. The Stochastic RSI has crossed above 20, indicating bullish momentum, and the RSI has moved above the moving average. Additionally, the MACD turned green for the first time this year, signaling positive momentum. XRP recently dipped into a support area, presenting a good Dollar-Cost Averaging (DCA) opportunity for investors. Trading at $0.5266, XRP shows a minor decline of 0.54% but is poised for significant changes in the coming weeks.
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biguclub88 · 8 months
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Crypto Predictions: Seven Top Coins Post Bitcoin ETFs Correction
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The recent cryptocurrency market upheaval, seemingly influenced by the "buy the rumor, sell the news" trend, highlights the impact of heightened expectations surrounding the approval of exchange-traded funds (ETFs) for the primary cryptocurrency. This phenomenon draws parallels with the legal cannabis market, where anticipatory hype led to market losses post-legalization. However, the groundbreaking nature of cryptocurrencies, unlike cannabis, suggests a potential for more substantial shifts in the financial landscape.
The recent crypto selloff, attributed in part to FTX's bankruptcy and subsequent liquidation sale, has prompted market scrutiny. CoinDesk suggests a potential optimistic trajectory now that this event is behind us, signaling the possibility of brighter days ahead. Here are insights into seven key cryptocurrencies amidst these developments:
Bitcoin (BTC-USD): Bitcoin has dipped below the significant $40,000 mark, marking a seven-week low, attributed to FTX's liquidation sale. CoinDesk suggests a potential easing of bearish pressure, opening avenues for bullish sentiments, especially among contrarians. However, caution is advised as BTC currently trades below the 50-day moving average, emphasizing the importance of monitoring the market dynamics.
Ethereum (ETH-USD): Ethereum, closely following Bitcoin's market movements, has faced a 7.5% dip in the past seven days. While trading near its 50-day moving average, investors should be cautious in interpreting this as corrections occurred pre-Bitcoin's ETF approvals. Monitoring major fund outflows will be crucial for predicting potential recovery and identifying discount opportunities.
Tether (USDT-USD): Tether, functioning as a stablecoin, plays a vital role in the crypto ecosystem as a pegged liquidation mechanism. The deviation from its one-to-one peg, currently at 0.999 to the dollar, underscores a shift in the value dynamics between fiat and crypto dollars. Observing this trend reversal is crucial for strategic re-entry into the virtual currency space.
Solana (SOL-USD): As an alternative cryptocurrency, Solana has faced a substantial downturn, slipping over 7% in the past 24 hours and nearly 16% in the trailing seven days. Its challenge to maintain the 50-day moving average raises questions about a potential long-term discount. Patience is advised, considering historical rebounds after similar downturns.
XRP (XRP-USD): XRP's legal battles with the SEC have led to uncertainties, reflected in its recent market struggles. A deviation below the 200-day moving average and a 9% loss in the past seven days pose challenges. Patience is key, given previous recovery trends, but careful monitoring is essential to gauge a genuine bottoming level.
Dogecoin (DOGE-USD): Despite its origins as a joke, Dogecoin has evolved into a top-performing cryptocurrency, resilient to market fluctuations. With a modest 3% loss in the past 24 hours, it stands out for its community-driven support. While caution is advised, overlooking Dogecoin's unique position in the crypto landscape might disregard its significance as a decentralized investment class.
In navigating the post-Bitcoin ETFs correction landscape, investors are urged to exercise patience, monitor key indicators, and carefully assess the distinct dynamics of each cryptocurrency for informed decision-making.
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abtechsorg · 2 years
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MetaTdex Obtains Groundbreaking License from DMCC: A Step Forward for the Mainstream Adoption and Legitimacy of Cryptocurrency
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MetaTdex, a decentralized exchange based in Dubai, has made history by becoming the first decentralized exchange to obtain a license from the Dubai Multi Commodities Centre (DMCC). This achievement marks a significant milestone for the company, as it now has legal and regulatory backing to provide all encrypted digital asset exchange services in Dubai, including Bitcoin (BTC), Ether (ETH), USDT token and more.
The license (No. DMCC-870791) means that MetaTdex has obtained the authority to provide these services in a compliant and secure manner, ensuring that users can participate in Web 3.0 finance with confidence. This is a major step forward for the industry, as it promotes the mainstream adoption of cryptocurrency and blockchain technology.
MetaTdex established an operation center in Dubai in August 2022, and in just four months since moving into their new office, the company has already secured both a US MSB (Money Services Business) and Dubai DMCC license. This rapid progress is a testament to the hard work and dedication of the MetaTdex team, as well as the favorable regulatory environment in Dubai for cryptocurrency and blockchain technology.
Furthermore, MetaTdex is not content to rest on their laurels, and they are actively working on obtaining more licenses such as Dubai MTL (Metals and Minerals trading License), VARA (Virtual Asset Service Provider), DIFC (Dubai International Financial Centre), ADGM (Abu Dhabi Global Market). This indicates their goal to open up the connection between cryptocurrency and traditional stock markets, allowing users to gain more benefits in a compliant and secure Web 3.0 finance environment.
The development of the blockchain and cryptocurrency ecosystem in Dubai is something that is worth paying attention to. The DMCC license granted to MetaTdex is an indication that the government is committed to creating an environment that is favorable for blockchain technology and cryptocurrency. With a rapidly advancing regulatory environment, we can expect to see more companies following in MetaTdex’s footsteps and obtaining licenses to operate in Dubai.
In conclusion, the success of MetaTdex in obtaining a license from the DMCC is a significant achievement not only for the company but also for the entire blockchain and cryptocurrency industry. It is a clear signal that Dubai is open to innovative technologies and is working to create a favorable environment for their development. This is an encouraging development and it will be interesting to see how the ecosystem in Dubai continues to evolve in the coming years.
Join our Community to get the latest update on MetaTdex: Main Group: https://t.me/MetaTdex_group MetaTdex Twitter https://mobile.twitter.com/MetaTdex
Start your web3.0 journey with MetaTdex. www.metatdex.com
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The Significance Between The Divergence Of The Bitcoin Hashrate And Prices
The divergence between Bitcoin's hash rate and price could signal a potential rally in prices, according to historical data.
September's counter-seasonal price trend has already started to show signs of this divergence trend playing out.
Publicly traded miners have increased their market share post-halving by raising their computing power and started accumulating bitcoin, potentially reducing market supply and raising a chance of upside to the price.
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coineagle · 1 day
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Aave Surges Ahead of BTC but Encounters Hurdles: Could a Trend Reversal Be Looming?
Key Points
Aave has been outperforming Bitcoin, but faces resistance, despite strong fundamentals.
Aave’s stablecoin, GHO, has surpassed $150 million, driving bullish momentum.
Aave [AAVE] has been making waves in the cryptocurrency world, leading despite questions regarding the revenue models of Decentralized Finance (DeFi) blue chips. There are calls for a reevaluation of what constitutes earnings and expenses in decentralized systems as these are not traditional corporate entities.
The AAVE/USDT pair recently broke a significant 800-day range, leading to a two-month upward trend. This performance has outshined that of Bitcoin [BTC] during the same period.
Aave Faces Resistance
From 18th June, AAVE/BTC has been showing higher highs and higher lows. However, it recently encountered strong resistance near the 0.003 BTC zone. This, coupled with Bitcoin’s recent performance, has slowed the pair’s rise. Despite this, Aave is expected to continue its upward trend due to strong fundamentals, although its pairing with Bitcoin may face challenges in the near future.
The Chaikin Money Flow (CMF) indicator also indicates traders taking profits, with money flowing out of the AAVE/BTC pair. Nevertheless, the overall trajectory remains positive, especially when traded against stablecoins. Both AAVE and Bitcoin are predicted to surge in Q4.
Growth of Aave’s Stablecoin
Fueling Aave’s bullish momentum is its stablecoin, GHO. Since its launch during a bear market, GHO has seen steady growth. In early September 2024, GHO’s supply increased by more than 6.7%, reaching a milestone of more than $150 million in outstanding supply. As GHO continues to grow, it bolsters the broader Aave protocol and its potential for long-term growth.
The OI-weighted funding rates also reflect a bullish sentiment. The rate currently stands at 0.0058%, indicating that long positions are paying shorts. This suggests a strong buying demand for Aave and aligns with its positive price outlook.
Aave’s social sentiment and mindshare are also bullish. Data from the Kaito AI platform reveals record-high levels of positivity surrounding Aave. With potential factors like Trump integration, buybacks, and the Sky partnership, Aave is set for further growth. Its overall outlook is strong, especially against stablecoins, signaling a likely rise in its price. Aave is expected to continue to perform well in the DeFi space, with higher prices on the horizon.
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blockinsider · 3 days
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Whale Investors Drive Bitcoin Price Towards $64K Resistance Level: A Rising Demand Trend
Key Points
Bitcoin’s price hits a major resistance level around $64K due to increased demand from whale investors.
Bitcoin whales, particularly miners, have significantly increased their trading activities.
Bitcoin’s price surged by 3% in the past 24 hours, reaching a high of approximately $64,082. However, the cryptocurrency encountered significant resistance around $64K, aligning with the 200-day moving average. Consequently, Bitcoin’s price fell by about 1% and was trading at approximately $63,434 during the mid-London session on Friday.
This price volatility led to the liquidation of over $50 million from Bitcoin’s leveraged market. The largest liquidation occurred on OKX, involving a $5 million trade. From a technical perspective, Bitcoin’s price could further decline in the coming days before rebounding towards its all-time high.
Market Analysis
Crypto analyst Ali Martinez suggested that the TD Sequential indicator has signaled a sell signal for Bitcoin, potentially leading to further midterm correction over the weekend. However, Martinez expects Bitcoin’s price to rally towards an all-time high if it consistently closes above the liquidity level of around $64K.
Increased Activity from Bitcoin Whales
On-chain data analysis reveals that Bitcoin whales, led by miners, have significantly increased their trading activities. In the past 30 days, the supply of Bitcoin on different cryptocurrency exchanges has decreased by over 96.6K. On both Coinbase and Binance, the supply of Bitcoin declined by 15.1K and 58.3K respectively in the past four weeks.
The significant decline on Coinbase was heavily influenced by the rising demand from spot Bitcoin ETF issuers. Over the past two weeks, US spot Bitcoin ETFs registered a net cash inflow of more than $700 million, led by Fidelity’s FBTC. On Thursday, the US spot Bitcoin ETFs registered a net cash inflow of approximately $158 million.
On-chain data also shows that several Bitcoin miners, who have been dormant for over 15 years, activated their wallets with around 250 BTCs earlier today.
Market Picture
Following the first interest rate cut by the US Federal Reserve since the COVID-19 pandemic, the Bank of Japan left its rates unchanged on Friday, as per market expectations at 0.25 percent. This ongoing global economic shift is expected to significantly boost liquidity for the crypto market in the near future, amid the ongoing crypto bull market.
The crypto industry is expected to follow the precious metal market, led by gold, in a bullish outlook. Current market data shows that the price of gold has rallied to an all-time high of over $2,609 per ounce. Given the positive correlation between gold and Bitcoin prices, the crypto market is expected to follow suit, especially during the fourth quarter bullish expectations.
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cryptosoftmalaysia · 11 days
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CRYPTO AUTO TRADING BOT SOFTWARE DEVELOPMENT
Automate your Cryptocurrency Trading with our advanced Trading Bots to achieve a wide range of trading goals. We are specialized in developing customized Trading Bots to make the fastest and secure online transaction on a digital currency exchange. Our cryptocurrency trading bot developers are well versed in developing a feature-rich crypto trading bot with the most updated technologies. Being one of the leading Cryptocurrency and Blockchain Development Companies in Malaysia, we can help fulfill your requirements in most cost-effective manner and pre-defined timeframe.
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A crypto trading bot is a software application that uses an API to interact with a user’s exchange account and automatically execute trades when market conditions meet a set of predefined criteria. Trading bots can interpret and combine traditional market signals such as volume, orders, price, and time, with technical analysis signals such as moving averages, Bollinger Bands, the Ichimoku Cloud, and increasingly, with other factors such as social media sentiment.
There are a variety of platforms catering to the different needs of the crypto trading community. Some are designed for experienced traders and enable them to create complex automated strategies that can be backtested against historical crypto market data.
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We have years of experience building automated trading bots for our client that can execute in a quick and efficient manner on any crypto exchange platform. These include Coinbase, Bitbns, CoinDCX, BuyUCoin and a dozen of other premium platforms.
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zhangsanhzgb · 13 days
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### Korea Blockchain Week (KBW) Conference Highlights and Market Entry Guide
South Korea’s cryptocurrency market is growing rapidly, processing a staggering $2 billion in trading volume. This provides unique opportunities for crypto projects. At this year’s Korea Blockchain Week (KBW) conference, Zhu Su, co-founder of Three Arrows Capital, mentioned, “I heard that tickets for the blockchain conference Korea Blockchain Week (KBW) are in short supply, which is a bullish signal.” The experience of communicating with local stakeholders at this conference provided many valuable insights. The following is a key summary of the Korean market to help crypto projects develop entry strategies.
#### Overview of the Korean Ecosystem-Leading Your Crypto Journey
The structure of the cryptocurrency market in South Korea includes centralized exchanges (CEX), media, research and consulting institutions, investment institutions, projects and KOLs. According to data, about 10%-15% of Koreans (6 million-9 million people) use centralized exchanges for transactions.
**1. Centralized Exchange (CEX)**-Leading Your Crypto Journey
The main centralized exchanges in South Korea include Upbit, BitThumb and Coinone, with Upbit and BitThumb accounting for 95% of the market share. These exchanges are connected to local banks:
- Upbit connects to KBank
- BitThumb connects to Nonghyup Bank
- Coinone connects to KakaoBank
The Korean Won (KRW) has the largest trading volume among these exchanges, so crypto projects should prioritize listing trading pairs with the Korean Won. The reasons for the high trading volume include:
- South Korea's gambling culture and strong purchasing power of retail investors
- Koreans prefer to trade on centralized exchanges rather than self-custody
- Koreans view cryptocurrencies as speculative assets, focusing on hype narratives
2. Media
Language barriers make Korean users rely on local media for information. The main media platforms include:
- @official_naver
- @eBlockmedia
- @CoinnessGL
- @bloomingbit_io
- @FACTBLOCK
- @tokenpostkr
Leading Your Crypto Journey-For non-Korean projects, it can be challenging to work with these media outlets, so local consultancies can be used.
**3. Research and Consulting**
South Korea has a well-developed research and consulting ecosystem, with major companies including:
- Consultants:
- @Xangle_official
- @DeSpreadTeam
- @0x undefined_
- @INF_CryptoLab
- @Edward__Park
- @EncodingLabs
- @Whitewater_Labs
- @071_labs
- Research:
- @FourPillarsFP
- @Tiger_Research_
Choose the right company based on your goals. For example:
- Connect with Korean institutions: @Xangle_official
- Increase research exposure: @FourPillarsFP
- For Degen users: @DeSpreadTeam
- Follow local regulations: @Tiger_Research_
4. Investment
South Korea's capital market is limited in size, with major investors including:
- Venture Capital Funds:
- @hashed_official
- @nonceclassic
- @LECCAVentures
- @blocore_vc
- @ROKCapital
- @SamsungNext
- Market Makers (MMs):
- @presto_labs
- @alphanonce
- @hyperithm
**5. Project**
Projects in various fields include:
Leading Your Crypto Journey- DeFi: @MitosisOrg, @keplrwallet, @Exponents_Fi
- Ecosystem: @KaiaChain, @initiaFDN, @StoryProtocol
- Games: @delabsOfficial, @WemixNetwork, @MaplestoryU
- Validators: @dsrvlabs, @a41_allforone
**6. KOL**
The main KOLs include:
Leading Your Crypto Journey- @Edward__Park
- @kimyg002
- @0xProfessorJo
- @delucinator
#### Marketing campaign planning
For projects looking to enter the Korean market, the following are some marketing recommendations:
1. **Clear goals**: Set clear key performance indicators (KPIs) and user action items.
2. **Cooperation and Translation**: Cooperate with local media and consulting companies to conduct SEO optimization and launch Korean translated research reports.
3. **KOL promotion**: Plan KOL promotion activities to expand influence.
4. **Creative Marketing**: In a saturated market, traditional marketing strategies may have limited effectiveness and must provide real value and innovative incentives.
#### Understanding Korean retail investors
Korean investors have a high level of interest in emerging things, which can be divided into the following three categories:
- **Airdrop users**: Pay attention to the actual operation steps.
- **Opportunists/Traders**: Follow market trends and narratives.
- **Infrastructure users**: more interested in the technology itself, but less common.
Therefore, customized marketing strategies and transparent, open communication methods are crucial to success in the Korean market.
#### other
**1. Large consumer applications**:
Leading Your Crypto Journey- Naver
- Coupang
- Kakao
- Samsung Pay
**2. Developer Background**:
- SKY (Seoul National University, Korea University, Yonsei University)
- KAIST (Korea Advanced Institute of Science and Technology)
**3. Other experiences**:
Leading Your Crypto Journey- Aptos and Sui are very popular in Korea.
- Many projects are hiring Korean leaders.
- Cooperation with Upbit and BitThumb is more difficult.
**Summarize**
To successfully enter the Korean market, projects need to fully understand the local ecosystem, work with local consulting firms, develop localized marketing campaigns, understand retail investor behavior, and avoid simply leveraging market volume. Be sure to pay attention to local dynamics to ensure the effectiveness of your strategy.
If there are any omissions or errors, please point them out in the comments section.
How to Buy BTC 
How to buy cryptocurrency on an exchange
Invest in BTC It has never been easier! Registering on an exchange, verifying your account, and paying by bank transfer, debit or credit card, with a secure cryptocurrency wallet, is the most widely accepted method of acquiring cryptocurrencies. Here is a step-by-step guide on how to buy cryptocurrency on an exchange.
Step 1: Leading Your Crypto Journey
You can register by email or phone number, then set a password and complete the verification to pass the registration.
Step 2: Identity verification - Submit KYC information to verify your identity
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harinibw · 2 months
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Bitcoin is trading above $58,000, signaling a positive trend for the cryptocurrency market. The top ten cryptocurrencies are performing strongly, with most in the green zone. This surge comes despite a slight drop in BTC dominance and an overall market fear index indicating extreme fear. The total market capitalization has increased by 2.99% to $2.27 trillion.
As Bitcoin rises, other major cryptocurrencies like XRP, Dogecoin, and Solana are also seeing gains of 9.34%, 3.36%, and 3.18%, respectively. Investors are showing renewed confidence despite extreme market fear.
BTC dominance has decreased slightly to 50.86%, suggesting portfolio diversification. The Fear & Greed Index remains at 25, indicating extreme fear, often a sign of potential buying opportunities.
Top gainers include Mdex (MDX) at 63.9%, LandWolf (WOLF) at 52.9%, Kava Lend (HARD) at 46.2%, Friend_tech (FRIEND) at 38.9%, and Virtua (TVK) at 35.3%. These gains reflect the market's resilience and potential growth amidst uncertainties.
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36crypto · 13 days
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Metaplanet Buys Additional Bitcoin to Increase its Balance
Metaplanet, a publicly traded Japanese company, has increased its Bitcoin holdings by acquiring an additional 38.464 BTC for ¥300 million, which amounts to approximately $2 million. The company’s latest investment follows its earlier purchase in August, further signaling its commitment to a Bitcoin-focused strategy. With this recent acquisition, Metaplanet’s total Bitcoin holdings now stand at…
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cryptotradigsignals · 15 days
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ULTIMATE BITCOIN LIVE CHART WITH PREMIUM SIGNALS #BTC #CRYPTO #BITCOIN
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digicloudm · 18 days
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Bitcoin trades under $57K, but data suggests pro traders are not bearish 
The price of Bitcoin (BTC) dropped 5.5% from Sept. 3 to Sept. 5, reaching a low of $55,860. This decline from $59,090 led to a modest $58 million in liquidated leveraged long futures, suggesting that bulls were not caught off guard. Despite this price weakness, Bitcoin derivatives signal resilience, indicating that traders are neither using excessive leverage nor displaying overconfidence. Is the…
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