Crypto X

Binance has announced the 40th project on Binance Launchpool - Fusionist (ACE). ACE is the native token of Endurance, a decentralized game/social blockchain that will be housing Fusionist, a web3 AAA game. Users will be able to stake their BNB and FDUSD into separate pools to farm ACE tokens over 5 days, with farming starting from 2023-12-13 00:00 UTC. Binance tentatively set to list ACE at 2023-12-18 06:00 UTC and open trading with ACE/BTC, ACE/USDT, ACE/BNB, ACE/FDUSD, and ACE/TRY trading pairs. https://www.binance.com/en/support/announcement/2cb7b8a617b548e5b765bcb0f3beb680

Investment manager VanEck said it expects Immutable’s IMX token “to become a top 25 coin by market cap” thanks to the expected release of new big-budget video games like Illuvium. https://www.theblock.co/post/266840/imx-token-surges-as-vaneck-says-release-of-new-blockchain-based-video-games-like-illuvium-next-year-could-boost-value

SHORT #1000LUNCUSDT from $0.199661 stop loss $0.199662 1h TF. After the growth, the instrument began to consolidate, forming an inclined resistance from limit sellers and horizontal levels. A cascade of 5 0.199661. behind which are the stops of market participants. In the case of compression and trading near the specified level, you can expect a breakdown in the execution of stops and the collection of liquidity behind it. The minimum take potential is 2-5%

LONG #BTCUSDT from $43 670 stop loss $43 600 15m TF. Expecting the breakout of the slope. The volumes are rising while DV is high enough to grab liquidity. Be ready to participate in long impulse on the next approach to the level. Open long position on high activity. Target - 44200

VanEck 15 Crypto Predictions for 2024 1. The US recession will finally arrive, but so will the first spot Bitcoin ETFs. Over $2.4B may flow into these ETFs in Q1 2024 to support Bitcoin’s price. 2. The 4th Bitcoin halving in 2024 will see minimal market disruption and a post-halving rise in Bitcoin's price, with significant gains for some low-cost miners. 3. Bitcoin will make an all-time high in Q4 2024, potentially spurred by political events and regulatory shifts following a US presidential election. 4. Ethereum won’t flip Bitcoin in 2024 but will still outperform major tech stocks. 5. Post EIP-4844 implementation, Ethereum Layer 2s will capture the majority of EVM-compatible TVL and trading volume. 6. NFT activity will rebound to an all-time high with Ethereum leading and Bitcoin gaining traction via the Ordinals protocol, shifting the ETH-to-BTC NFT issuance ratio to 3-1 by the end of 2024. 7. Binance will lose the 1 position for spot trading, with competitors like OKX, Bybit, Coinbase, and Bitget contending for leadership. Coinbase's futures market may exceed $1 billion daily volume as regulated index inclusion becomes key. 8. Stablecoin market cap will reach a new all-time high above $200 billion. USDC will reverse market share losses, indicating a shift towards more institutional adoption, especially on emerging Layer 2 chains. 9. DEXs will hit all-time highs in spot trading market share, driven by fast blockchains like Solana and wallets enabling automated transactions, promoting on-chain trading and self-custody. 10. Remittances will boost blockchain use, with "Bitcoin Staking" on the Lightning Network offering yield opportunities through new, user-friendly staking tools. 11. A breakout blockchain game may surpass 1 million daily players. Immutable X is poised to climb market cap ranks with key releases and the Immutable Passport, streamlining wallet usage and enabling wider adoption. 12. Solana is projected to become a top 3 blockchain by market cap, TVL, and users, potentially surpassing Chainlink's TVS with its Pyth oracle, as DeFi TVL surges and ETF interest grows. 13. DePin networks, especially Hivemapper and Helium, will see increased adoption, with Hivemapper mapping significant distances and Helium's 5G network expanding rapidly, offering cost-effective alternatives to traditional infrastructures. 14. New accounting standards will boost corporate crypto holdings. Coinbase will report Layer 2 revenue as Base Protocol grows. By 2025, a major financial entity may launch a quasi-public blockchain with public chain connectivity. 15. KYC-compliant DeFi apps, led by Uniswap, will likely surpass non-KYC ones, attracting institutional volume and enhancing protocol fees, which may boost Uniswap's token value. https://x.com/vaneck_us/status/1732811502602559912

Binance, Coinbase, Bybit and others have listed Jito (JTO). The JTO price is now trading at $2.8. https://www.binance.com/en/trade/JTO_USDT?type=spot

Elon Musk posted a picture with the caption GROK. The GROK price has increased by +20%. https://twitter.com/elonmusk/status/1732769973142003888

Binance Web3 Wallet has completed the integration of Bitcoin, Bitcoin Cash, Litecoin, Dogecoin and Sei networks. https://www.binance.com/en/support/announcement/binance-web3-wallet-completes-integration-of-bitcoin-bitcoin-cash-litecoin-dogecoin-sei-networks-1d52292eb00d414b8cbb78adc9b89a53

Upbit has listed Axelar WAXL/BTC. The WAXL price has increased by 60% in a couple of hours. https://twitter.com/Official_Upbit/status/1732650106426695747

SHORT #ORDIUSDT from $50.297 stop loss $50.298 1h TF. After the growth, the instrument began to consolidate, correcting in the range, there is a cascade of 5 levels. Inclined resistance, we are pressing towards the local 50.297, behind which are the stops of market participants. If the price starts trading at the specified level, then we can expect a breakdown for the execution of stops and the collection of liquidity behind it. Magnet 37.765

LONG #BTCUSDT from $43 300 stop loss $42 800 5m TF. After a fairly long increase, the price moved into a consolidation phase, within which we can already observe the breakdown of the structure into an ascending one in the form of bos and a successful reaction to the stb buyer's inoeresis zone. I expect the growth to continue from the current levels with the aim of breaking through and consolidating above the downward slope.

LONG #QTUMUSDT from $3.26 stop loss $3 1h TF. The price is in consolidation, within the framework of which the price is very strongly pressed to the upper boundary of the symmetrical triangle, and the structure has been scrapped to an ascending one in the form of bos. I expect an impulsive continuation of the upward movement to the local maximum of $ 3.569 through the penetration of the downward slope and resistance levels with consolidation above them.

Grayscale CEO says he's feeling optimistic following conversations with the SEC about a spot bitcoin ETF. Timelines have not been shared, Sonnenshein added. Sonnenshein was also asked by Yahoo Finance about his reaction to JPMorgan CEO Jamie Dimon telling lawmakers that he would shut down crypto if he were the government. Every executive is going to have their own opinions on new technologies, Sonnenshein said. https://www.theblock.co/post/266440/grayscale-ceo-says-hes-feeling-optimistic-following-conversations-with-the-sec-about-a-spot-bitcoin-etf

LONG #LOOMUSDT from $0.115 stop loss $0.11 1h TF. The price is in a very long accumulation, within which we showed a successful reaction to the buyer's area of interest, performed numerous manipulations over local lows and gained a foothold over the downward slope. I expect the growth to continue with impulse movements with the aim of breaking through the cascade of resistance levels in the range of 0.12-0.132$ and a test of the imbalance left above (17% net movement)

SHORT #DODOXUSDT from $0.156 stop loss $0.1561 15m TF. After the growth, the instrument began to consolidate, correcting in the range, there is a cascade of 3 levels. Inclined resistance, we are pressing towards the local 0.15600, behind which are the stops of market participants. If the price starts trading at the specified level, then we can expect a breakdown for the execution of stops and the collection of liquidity behind it. Magnet 0.12475

#RUNEUSDT (spot) features a significant $724K order at a price of  6.810. The large order is positioned 1.084% away from the spread.

LONG #SOLUSDT from $65.577 stop loss $65 15m TF. Expecting the breakout of the slope. The volumes are rising while DV is increasing as well. The setup is still valid. Be ready to participate in long impulse on the next approach to the level. Open long position on high activity. Target - 68

SHORT #MAGICUSDT from $0.914 stop loss $0.94 5m TF. After a fairly strong and rapid growth in this instrument, buyer activity decreased and a gradual tightening began under the previously left cascade of levels in the short, after which I expect to see the stops of participants who gained positions to continue growth, liquidity was removed from above for the previous maximum of $ 0.95, trading volumes fell noticeably, I expect to see a breakdown of the marked cascade with an acceleration in price and potential movement to the buyer's area of interest below the $0.8790 mark

🔥Bitcoin has reached $44,488. BTC is now trading at $43,788.