Raoul Pal Predicts Banana Zone Cometh for Bitcoin and SolanaCryptocurrencyPublished 04/29/2024, 01:10 PMUpdated 04/29/2024, 06:30 PMRaoul Pal Predicts Banana Zone Cometh for Bitcoin and SolanaView all comments (1)1BTC/USD-ETH/USD-SOL/USD-U.Today - Popular crypto influencer Raoul Pal has recently shared his insights into the current state of the market, shedding light on the trajectory of Bitcoin (BTC) and Solana (SOL). Pal pointed out a significant pattern evident in the charts of both cryptocurrencies, resembling a bullish flag formation.
In his analysis, the expert anticipates the onset of what he terms the "Banana Zone," a phase characterized by heightened market activity and potential for exponential growth. He foresees this phenomenon extending well into 2025, marking the onset of summer and fall.
According to Pal, the Banana Zone typically signifies a period of intense market fervor, akin to the final days of spring, before transitioning into a phase of exuberance. During this time, altcoins tend to surge, with Ethereum (ETH) emerging as a frontrunner in outperforming Bitcoin. Solana, in particular, is expected to accelerate its outperformance against both BTC and ETH, says Pal.
He further emphasized the importance of scrutinizing projects based on genuine traction and network effects, rather than falling to hype and narratives alone. The expert cautions investors against excessive leverage, predicting a couple of significant corrections amid the euphoria of the Banana Zone.
As the market gears up for summer, Pal urges patience and rationality, warning against irrational exuberance and the allure of unproven narratives. With memes reaching absurd valuations and unverified concepts garnering unwarranted attention, the message for investors is to maintain a level-headed approach above all.
This article was originally published on U.TodayRaoul Pal Predicts Banana Zone Cometh for Bitcoin and SolanaView all comments (1)1Latest commentsPostComment Guidelines Experts, politicians call for scrutiny of Venezuela's use of cryptocurrencyCryptocurrencyPublished 04/29/2024, 01:12 PMUpdated 04/29/2024, 01:15 PMExperts, politicians call for scrutiny of Venezuela's use of cryptocurrencyView all comments (1)1USDT/USD- (Reuters) - Venezuela's use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will require greater scrutiny by regulators and law enforcement, experts said on Monday.  Venezuela's state oil company PDVSA plans to increase cryptocurrency transactions for its crude and fuel exports as the U.S. reimposes oil sanctions on the country, sources told Reuters earlier this month. It is unclear if payments in digital currency Tether by PDVSA will be targeted by Washington from June 1. Venezuelan opposition politician Leopoldo Lopez and expert Kristofer Doucette presented a report on Monday detailing transactions since Venezuelan President Nicolas Maduro took office. Democratic governments should counter his attempts "to exploit cryptocurrency for moving illicit proceeds into the international financial system," the report said. "Structures must be set up to combat this type of money laundering," said Doucette, national security leader at Chainalysis, a New York-based provider of research and software to governments, exchanges, banks and insurance firms to secure safe transactions with cryptocurrency. 
Technology for digital transactions is changing fast and transactions are rapidly growing in developing regions including Latin America and Africa benefiting people without access to the banking system. But some corrupt governments are moving faster, making it difficult to prevent fraud, the experts said. Doucette and Sigal Mandelker, a lawyer who previously worked at the U.S. Treasury Department, said during a conference organized by the Wilson Center in Washington that the U.S. administration is making efforts to increase regulation and encourage other countries to improve supervision.   Experts, politicians call for scrutiny of Venezuela's use of cryptocurrencyView all comments (1)1Latest commentsPostComment Guidelines Fantasy Metaverse Darklume - Presale is LIVECryptocurrencyPublished 04/29/2024, 01:58 PMUpdated 04/29/2024, 02:31 PMFantasy Metaverse Darklume - Presale is LIVEView all comments (0)0 Casal Di Basso CS, Italy, April 29th, 2024, Chainwire
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"At Darklume, we are committed to pushing the boundaries of virtual entertainment and fun," said the CEO of Darklume. "With Darklume VR, we are not only redefining the immersive metaverse experience but also unlocking new possibilities for creativity, collaboration, and exploration within the virtual realm."Key features of Darklume VR include:DLUME currency: Use DarkLume's native currency, DLUME, to engage in any of the activities within the DarkLume VR. It serves as the primary medium of exchange. The more DLUME coins the user has, the higher the rate of fun and enjoyment. Country citizenshipEvery country within the DarkLume Metaverse offers citizenship by holding a minimum specific token. 
Maintaining the citizenshipTo maintain citizenship in the country, the user has to pay the taxes levied on them; otherwise, their citizenship will be revoked. 
Users can spend their DLUME Coins on various activities and earn them within Darklume VR by engaging in social activities. Another interesting fact here is that every user without any sources of income will be receiving unemployment wages, but they cannot be used for personal gain. 
To celebrate the launch of Darklume VR, Darklume is offering a special airdrop worth $15000. Users can visit the DarkLume VR Twitter (X) handle, complete the small task, and become part of their dream world. 
About DarklumeDarkLume VR presents a unique virtual metaverse concept combining social interaction, fantasy elements, and a gamified ecosystem. Through its native tokens, DLUME, users can fulfill their unfulfilled desires in the Virtual world. The elements include monthly unemployment wages, tipping each other, helping society, and engaging in social activity. DarkLume is pushing its boundaries to offer fun, fantasy, and entertainment of another level, along with beautiful games to explore. With the continuous support of loyal investors and an active community, DarkLume VR strives to achieve a level beyond one can imagine. 
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ContactOsvaldo <PRESIDIO_ANONYMIZED_EMAIL_ADDRESS>
This article was originally published on ChainwireFantasy Metaverse Darklume - Presale is LIVEView all comments (0)0Latest commentsPostComment Guidelines


посмотри на эту новость, твоя задача определить, как эта новость может повлиять на курс криптовалюты TON в временном промежутке от часа до дня,
 твоим ответом должен быть коэффициент от 0 до 1, где 0 означает что приведет к резкому падению на указанном временном промежутке, а 1 что к резкому росту,
  а 0.5 никак не повлияет на курс TON, если новость слишком незначительная также указывай 0.5
Ответ должна содержать **ТОЛЬКО** коэффициент