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What is Digital Dollar ?
A digital dollar refers to a digital form of the United States dollar (USD) that exists solely in electronic or virtual form. It represents an evolution in the way currency is issued, stored, and transacted. While physical cash remains the primary form of money in circulation, the concept of a digital dollar aims to harness the benefits of technology and provide an alternative digital representation of the USD.
Back in May 2021, the Digital Dollar Project was announced, according to which five U.S. central bank digital currency pilots will be launched in the near future, in an effort to promote the US dollar as a form of digital currency around the world.
By digitizing the dollar, it becomes possible to conduct transactions electronically, without the need for physical cash or traditional banking systems. This can potentially streamline payment processes, reduce transaction costs, and enhance financial inclusion by making digital transactions more accessible to individuals who may not have access to traditional banking services.
A digital dollar could be implemented using various technologies, with blockchain being one of the most commonly considered options. Blockchain technology provides a decentralized and transparent ledger system that ensures the security and integrity of transactions. It enables the issuance, tracking, and verification of digital dollar transactions, creating a tamper-proof and auditable record.
The benefits of a digital dollar extend beyond convenience and accessibility. It could also enable the government to have better visibility into the flow of money, enhance anti-money laundering measures, and facilitate the distribution of government benefits and stimulus payments more efficiently. Additionally, a digital dollar could support the development of smart contracts and programmable money, opening up new possibilities for automated transactions and financial innovation.
However, the implementation of a digital dollar also raises important considerations and challenges. Privacy, security, and regulatory frameworks need to be carefully addressed to ensure user protection and prevent illicit activities. Questions regarding the role of intermediaries, central bank control, and monetary policy implications also need to be carefully examined.
This Chart shows Realized price of short-term holders, and long-term holders and The weighted average value reflecting short-term holders' holding value is $26,200, and long-term holders' holding value is $37,370. Overall, we've let with strong hand in the market.
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#BlackRock just re-filed its #Bitcoin #ETF, adding #Coinbase as the exchange 🚀🚀
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What is Double Top ?
Double top is a technical chart pattern commonly used in trading analysis. It is a bearish reversal pattern that forms after an uptrend, indicating that the market may be ready to reverse its direction.
The pattern forms when the price of an asset reaches a high point, then retreats, and then rallies again to the same high point as before. However, it fails to break through this level and retreats again, forming a second peak at the same price level. The two peaks are usually connected by a line, forming a horizontal resistance level.
This pattern signals that the buying momentum has been exhausted, and the bears are gaining control of the market. Traders who recognize this pattern may look to sell their long positions or short the asset, betting on a potential price decline.
Largest Decline of Bitcoin Inflows and Supply in History
"Since March 2020, #Bitcoin reserves on exchanges dropped over 30%."
Our whales holding COOHA above 100%!!! Making sure our members made huge profits again!!🔥🚀🚀
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3rd wave incoming!! Buy he dip and hold this gem for maximum profits!!
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1 minute left, the next message will be the coin to buy!
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10 minutes left.
We expect our coin to be the Number 1 Top Gainer on Kucoin for at least 24 hours, which means millions of outside traders around the world will keep buying and pushing the price higher, we’ll be holding to our 2,000%+ target
10 minutes left.
We expect our coin to be the Number 1 Top Gainer on Kucoin for at least 24 hours, which means millions of outside traders around the world will keep buying and pushing the price higher, we’ll be holding to our 2,000%+ target
3 hours left until the Kucoin Mega Pump.
This is a basic step-by-step-strategy for new members:
1. Ten minutes before 17:00 PM GMT have Kucoin.com, Telegram open.
2. At exactly 17:00 PM GMT, there will a message including the name of our coin in our Telegram channel.
3. After the announcement, you already know what to do (review our guide and tips).
IMPORTANT: This coin will ONLY be available on KUCOIN and on USDT pair, get ready for huge profits!
6 hours left!! IMPORTANT TIPS:
- Our target will be very high profit today (Aiming at a minimum 3,000%+). We will be using the Kucoin exchange to pump.
- We will be using the USDT pairing to buy, make sure you have USDT in your account to buy the coin.
- Hundreds of thousands of traders will be buying at once, make sure you buy early before outsiders do.
- If you plan to use your whole balance, you can buy using 75% of your balance initially at market price, use the remaining of your balance to place buy orders!
- When you buy the coin and it's time to sell, never sell on the buy supports! Instead sell slowly in parts as the price goes up.
- Our pump will have many waves as our whales will actively be buying with our members to support the price, there will be a lot of possibilities to make profits many times during the pump!
- After buying, we highly suggest to place buy orders below the market price as the price moves up.
- Millions of traders worldwide will be watching and buying, we have put into place a few measures to spread the word out after our signal all over social media, we will make sure our pump lasts and holds as long as possible, as always.
#TOMO goes 14.55% in favor after our call, i hope you secured some profits. Currently, price took us out at breakeven and made a range over here. If we see a closure below $1.02, then a load up some continuations.
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#TOMO build-up an consolidation range after a huge drop and waiting for breakout to take potential setups. A buys above $1.113 after closure will be good and sells below $1.024.
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#BTC just tapped and reacted over the Strong resistance area as expected and kinda rejecting it. Still, this range might continue and overall, expecting a breakout by this week. Most importantly, we'll have to wait for the weekly candle close. Let's see it it rejects then $29,850 will be the area for support.
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Here's the Analysis of #ZIL :
#ZIL is been breaking out of the major area of $0.0217 - $0.0220, which will act as major support after closing. On 4H TF, its a break and doing a retest and might move potentially to the upside towards the next resistance area of $0.0244 - $0.0249. Take the setup accordingly with stops below swing low.
Notice of Removal of Trading Pairs - 2023-07-05
https://www.binance.com/en/support/announcement/notice-of-removal-of-trading-pairs-2023-07-05-d9349160f5504b87bd7948d8c36c4615
#BTC continues to consolidate after the weekend and didn't even gave a fakeout either side. With the Global Market open, we might see some movement today and a breakout is expected within this week. Keep the stops tight in open positions.
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Here's the Analysis of #INJ :
#INJ is been trending higher and approaching towards the resistance area of $9.30 - $9.40. Daily candle forming bearish showing resistance being formed on LTF. We can expect a retest back tot support zone around $7.93 - $8.03. You can look for opportunities and confirmation over there.
Hold on tight, we’re about to go much higher!!
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The coin we are pumping today is : COOHA
Buy and hold for massive profits
https://www.kucoin.com/trade/COOHA-USDT
5 minutes left.
We have twitter and all other social media platforms ready to explode AFTER our signal, which means only our members will be the first to get the coin, keep your screens open!
10 minutes left.
We expect our coin to be the Number 1 Top Gainer on Kucoin for at least 24 hours, which means millions of outside traders around the world will keep buying and pushing the price higher, we’ll be holding to our 2,000%+ target
1 hour remaining for our biggest Kucoin Mega Pump!!
We expect the biggest volume yet, as all our whales will be constantly buying and pushing towards new highs. We’re ready for a 2,000 - 3,000% move (at least), guaranteeing the maximum profits for all our members. Make sure to hold after market buying, as the second and third waves are always the strongest (which could reach up to 4,000%, 5,000% or higher). Expect a powerful and long lasting pump today, be prepared!
This coin will ONLY be available on Kucoin and USDT Pair
3 hours left until the Kucoin Mega Pump.
This is a basic step-by-step-strategy for new members:
1. Ten minutes before 17:00 PM GMT have Kucoin.com, Telegram open.
2. At exactly 17:00 PM GMT, there will a message including the name of our coin in our Telegram channel.
3. After the announcement, you already know what to do (review our guide and tips).
IMPORTANT: This coin will ONLY be available on KUCOIN and on USDT pair, get ready for huge profits!
#OP retraces back towards the major resistance zone kinda building up the resistance now. Well, if Daily candle bearish and starting to break below the $1.32, the we can see continuation in sells and take the opportunity.
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#BITCOIN WEEKLY UPDATE :
#BITCOIN given a close above last week of the weekly resistance zone and this week price made a retest on LTF and sustaining above the level. A Closing will be considered as weak bullish, body is small. Overall, All good until Weekly Candle is above the $30,400.