ghost
@simplicitas
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ghost
@simplicitas
š #PEPE has been in a downtrend since last week, with its price falling from $0.0000165 to $0.000015, finding support above $0.000014. š This 11% price drop this week has wiped out hundreds of millions of dollars from PEPE's market cap, which was at $6.25 billion. ā So why did PEPE's price capitulate in just seven days, leading the losses among several cryptocurrencies like LDO, ETC, and BONK? Mainly because its price had surged by 80% in the past month. So, it cooled off along with other ETH-related currencies that spiked after the SEC approved ETH ETF applications in May. This doesn't mean the coin will definitely continue to trend down, although it's possible it could) š¬
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ghost
@simplicitas
āŖļø ETHUSDT Thoughts on the market
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ghost
@simplicitas
As analysts note, the BTC-ETF called iShares Bitcoin Trust from BlackRock has surpassed GBTC from Grayscale in terms of the number of coins at its core. Accordingly, it is now the largest spot BTC exchange-traded fund in the United States. Bloomberg analyst Eric Balchunas confirmed the leadership of BlackRock's
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ghost
@simplicitas
The Ethereum network has seen an increase in the number of largest wallets that have at least 10 thousand ETH. Apparently, experienced investors have now moved to accumulation, which is also the case with Bitcoin. And this is a good sign for the future market.
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ghost
@simplicitas
š” Unlocking the power of blockchain technology! Beyond cryptocurrencies, blockchain has the potential to revolutionize industries like supply chain management, healthcare, and voting systems. Imagine transparent and immutable records, eliminating fraud and increasing efficiency.
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ghost
@simplicitas
How are you doing?
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