💎 This Top 10 Crypto Gem Is Still Under The Radar.

Welcome fren,

State of the Market

Donald Trump's speech at the Bitcoin 2024 conference was a crypto spectacle, emphasizing his support for cryptocurrency and a grand vision for Bitcoin’s future in the U.S. He pledged to "send Bitcoin to the Moon," maintain the nation’s Bitcoin holdings and even suggested firing SEC Chair, Gary Gensler. Not stopping there, Trump expressed his support for Ross Ulbricht, the Silk Road founder. Despite the enthusiastic crowd, Bitcoin’s price barely budged, briefly fluctuating before settling slightly lower. 🎢🪙

Price Predictions: To the Moon? Senator Lummis and Trump's bullish rhetoric has sparked a frenzy of predictions. He proposed integrating Bitcoin into the U.S.'s strategic reserves and hinted that Bitcoin could eventually surpass gold in market cap, while Senator Lummis is proposing a bill to make Bitcoin a Treasury reserve. Some analysts are starry-eyed, predicting Bitcoin could skyrocket to $800,000 if this vision becomes reality, while the more cautious set a conservative target of $100,000. These predictions hinge on legislative moves and Trump’s vow to cement Bitcoin's role in the U.S. economy. 🌟💰

Critical Week for Crypto Markets. Hold onto your hats, crypto enthusiasts! This week is a rollercoaster ride for the market, packed with pivotal events like the FOMC interest-rate decision, Jerome Powell’s speech, and the release of U.S. job data. These could steer Federal Reserve policies and ripple through the financial and crypto markets. Investors are on edge, eyeing potential rate cuts in 2024 and parsing Powell’s every word and the upcoming unemployment figures for clues. The outcomes could significantly sway market sentiment and shape future investment strategies. 🎢💼

Chart of the day

Bitcoin's price action is getting crypto traders buzzing, forming a bullish wedge pattern that suggests a potential trend reversal upwards. Bitcoin could break out and hit a price target of $85,000 — about 25% higher than its current level.

What’s a Bullish Wedge? 🤔

A bullish wedge pattern is like a tightly coiled spring ready to pop. It typically signals a reversal, with the price making lower highs and lows but with the gap between highs and lows narrowing over time. This pattern hints at a buildup of buying pressure ready to unleash an upward surge.

Current Market Dynamics 🌐

Right now, Bitcoin is trading at around $68,000. A move towards $69,000 could be the catalyst that triggers significant liquidations of short positions, adding fuel to the bullish fire. If target holds true, Bitcoin enthusiasts might be in for a thrilling ride up to $85,000.

Most Important News Today

Highlights from the Bitcoin Conference 🌐📈

Michael Saylor of MicroStrategy dropped some serious knowledge bombs, suggesting that the first country to buy Bitcoin by issuing currency will gain a significant edge. He believes Bitcoin could be the magic potion to solve many of the world's economic woes, especially for nations drowning in debt. 🌍💡

U.S. presidential candidate Robert F. Kennedy Jr. made waves by announcing plans to issue Bitcoin-related executive orders if he gets elected. Although he's trailing behind Kamala Harris and Donald Trump in the polls, his crypto enthusiasm is clear. 🔜

Edward Snowden, the whistleblower extraordinaire, urged Bitcoin enthusiasts to vote responsibly and not just follow any leader or ideology blindly. He also sounded the alarm on the privacy risks posed by advancing AI technologies. 🕵️‍♂️⚠️

As Kamala Harris emerges as the presumptive Democratic nominee, the crypto world is buzzing with speculation about her potential influence on Bitcoin and the broader sector. 💼🔍

Donald Trump has vowed to create a strategic Bitcoin reserve and to dismiss SEC Chair Gary Gensler if he wins the election, aiming to give a major boost to the domestic digital asset industry. 🔄

Senator Cynthia Lummis introduced legislation to establish a 1 million Bitcoin strategic reserve, starting with the 210,000 Bitcoin currently held by the U.S. government. 🏛️📜

A Gemini survey reveals that a significant portion of U.S. crypto owners will consider presidential candidates' positions on crypto in the upcoming election. The survey also indicates that concerns about regulatory clarity are a major barrier for many potential market entrants. 🗳️🔍

Our Daily Pick 🤑

The Open Network (TON)

The Open Network (TON) is a snazzy, decentralized, layer-1 blockchain platform that’s all about speed and affordability. Originally crafted by the Telegram team, it’s now in the hands of the community after some regulatory hiccups. TON aims to be the superhero of blockchains, offering a super-fast, scalable, and secure infrastructure for all your decentralized app (dApp) dreams.

What is it used for? 🎯💰

TON's versatility makes it a Swiss Army knife in the crypto world. Here’s what you can do with it:

• Payments: Zip through transactions faster than a caffeinated cheetah.

• Decentralized Finance (DeFi): Build and use financial apps that don’t need banks.

• Smart Contracts: Create self-executing contracts that are as reliable as your morning coffee.

• Non-Fungible Tokens (NFTs): Turn your unique digital assets into one-of-a-kind blockchain treasures.

• Gaming: Develop and play blockchain-based games that could make Mario jealous.

Who is behind the project? 👥💼

A passionate community of developers and crypto enthusiasts drives TON. The TON Foundation, a non-profit organization, is like the wise old mentor, guiding its development and support.

Tokenomics: The Lowdown on Toncoin 💎📈

• Token: Toncoin (TON)

• Circulating Supply: 2,516,581,416 TON

• Total Supply: 5,109,700,865 TON

• Market Cap: $16,617,224,157 (Ranked #9)

The Open Network's Superpowers 🦸‍♂️🚀

• Scalability: Handles a massive number of transactions like a champ.

• Speed: Faster than your Wi-Fi on a good day.

• Security: Keeps your assets safer than Fort Knox.

• Decentralization: Immune to censorship and centralized control.

What problem is solved with its implementation? 🛠️💡

TON aims to solve the age-old blockchain issues of scalability and speed, providing a sleek, efficient platform for decentralized applications to thrive.

Use Cases 🎮💼

From payments to DeFi, NFTs, gaming, and beyond, TON has a broad spectrum of applications. It’s like the Swiss Army knife of blockchains.

Final Thoughts 🧠💭

TON is making waves with its focus on scalability and speed. However, the volatile nature of the crypto market means it’s crucial to keep an eye on how the project navigates its roadmap and the challenges it faces. As with any investment, doing your homework and assessing the risks is key.