The SQUID token created on the basis of the popular show turned out to be a scam

After that, how the creators of the cryptocurrency project inspired by the popular Netflix show "Squid Game" left the project, SQUID token price dropped to almost zero Last week the Squid Game project instantly gained popularity, and the SQUID token for 3 days grew by more than 35 000%, although cautious investors initially pointed out grammatical and spelling errors in the white paper, and the site itself was registered less than a month ago. Now the official website of the project and its Medium account are not working, and Twitter temporarily restricted the Squid Game account, motivating this with an unusual activity in him. Many users say, that the developers of the SQUID token ran away with investors' money. According to BscScan, flagged as a fraudulent address got rid of SQUID tokens and acquired BNB for millions of dollars: https://bscscan.com/address/0x34400280a169f4685193926a513618cf7fe7f0aa During the day, the SQUID rate fell to 99,99% to $0,002541, and trading volumes increased by 130%, which indicates tremendous pressure from sellers. The token is available for trading only on the decentralized platforms PancakeSwap and DODO (based on Binance Smart Chain). The official Telegram channel of the project reports, that the creators do not want to work further due to the stress of working with scammers: “Someone wants to hack our project. Developers are reluctant to work further due to stress and scammers. We will have to remove all restrictions on Squid Game transaction rules. Project …

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Glassnode: From february 2020 years, BTC was withdrawn from exchanges in the amount $38 billion

Analyst firm Glassnode said, what from the beginning 2020 the supply of BTC on cryptocurrency exchanges has been steadily declining, that is, users are rapidly withdrawing the asset According to the company, during 20 months from cryptocurrency exchanges were withdrawn 617 000 BTC, which is equivalent to the sum $37,97 billion. BTC balance on exchanges decreased from 3,09 million BTC (about $190 billion) as of february 2020 year to 2,47 million BTC (about $152 billion) as of October 2021 of the year. Less, than in two years, the volumes on the sites decreased by 20%. “BTC balance on exchanges continues to decline and has reached 2,47 million BTC, which has not been observed since August 2018 of the year. From february 2020 years, the average monthly churn is 30 850 BTC per month ", - the company informs. Separate attention is paid to this indicator, how to change the net position of BTC on exchanges, tracking the 30-day change in BTC volumes in wallets of cryptocurrency exchanges. According to Glassnode, during 2021 the outflow of funds was steady (the exception was May, June and July): “The current outflow is about 22 000 BTC ($1,35 billion) per month or 71% from the average since February 2020 года» Еще один важный показатель – asset volumes of long-term holders (keep BTC motionless for at least 5 Months). According to Glassnode, for the latest 7 …

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Cryptostrateg predicts new highs for DOGE and BNB

Crypto Strategist Smart Contracter Expects New Highs For Dogecoin (DOGE) и Binance Coin (BNB) In his opinion, we should expect a sharp rise in the Dogecoin rate to $1, that is, it is possible to predict a potential increase of more 270% from current levels.

Trader predicts the growth of three popular altcoins

Famous cryptocurrency trader Pentoshi thinks, that Ethereum is ready for a crazy rally, and also bullish on two popular altcoins He expects ETH to continue its meteoric rise, as the asset is ready to make a higher high: “ETH is on the verge of a market opening.

A well-known investor called the timing for regulators to reach a compromise with respect to cryptocurrencies

Renowned investor Raoul Pal thinks, that regulators are beginning to understand the value of cryptocurrencies and this could be the reason for a profitable compromise for the industry The CEO of Real Vision noted, that regulators are trying to apply ordinary securities laws to the complex and newly emerging crypto sector: “The traditional system tries to understand, how can these laws be applied. We saw this with the Bitcoin ETF example.. They are trying to use the current regulatory framework that is not suitable for this.. The easiest way out would be to apply the most rigid option.: everyone goes to jail and it's all illegal. ”But Pal noted, that regulators are beginning to understand the volume of the cryptocurrency market, therefore, there may be laws specifically designed to manage digital assets: “Regulators quickly realized, what amounts are behind the cryptocurrency market and how many young people (and therefore potential votes) they are interested in. I guess, that a grand compromise awaits us and it will not be a securities law, and there will be new laws on digital assets. ”According to Pal, It may still take a significant amount of time for the United States to, to sort it out: "I expect, that there will be a lot of noise and threats, but this is just a negotiation tactic, because everyone wants to bend their own line. I guess, that within 3 years a grandiose compromise will be reached. So don't expect, that everything will pass quickly "

Cryptanalyst: Bitcoin price is still on its way to $90 000

Well-known cryptocurrency analyst Mikael Van de Poppe named the main support and resistance levels for the BTC rate and is confident, that the asset is moving to a level $90 000 but, analyst warns, that Bitcoin may undergo a correction in the range between $57 623 And $59 016. Besides, for further growth, bitcoin needs to restore the resistance level $67,994,58. According to the analyst, to the beginning 2022 BTC rate should jump to $74 770,75 and the asset will remain in an uptrend until reaching a mark of $92 217. The cryptocurrency industry has undergone important changes since reaching the level $2,5 Trillion. Bitcoin should drive the market and re-test the bottom quickly, before starting a new round of growth. Furthermore, increasing interest in the asset could further push the exchange rate growth during the rest of the quarter. Previously, the upward movement of bitcoin was closely associated with the growth of user activity on the network.. Now, when there is a record surge in activity on the bitcoin network, BTC can be expected to grow rapidly to new heights.

Regulators are expected to approve more than 40 cryptocurrency ETFs

Against the background of setting new exchange rate records for BTC and ETH, the demand for digital assets from investors is growing and fund managers are making every possible effort., what to satisfy him According to Bloomberg Intelligence analyst James Seiffart, currently over 40 cryptocurrency funds or ETFs awaiting listing in the US.

Crypto strategist named entry zones for BTC and ETH

Cryptocurrency strategist Mikael van de Poppe confessed, who is not a supporter of the meme-based token Shiba Inu (SHIB), which skyrocketed this week, despite the decline in top assets, the Analyst hopes, that SHIB will soon disappear and encourages to look for other investment opportunities, rather than becoming a victim of FOMO: “In a matter of hours, the SHIB rate can be highly corrected. Hope, that you will not buy this asset, even with bouts of FOMO. There are many other investment opportunities. ". He is disappointed with, that attention to SHIB has distracted the community from worthy crypto projects, DeFi-related, DAO and NFT: "I do not regret, what missed the rise of SHIB. I have my achievements and selected assets. However, I'm starting to hate meme coins, that divert attention from worthy DeFi projects, DAO and NFT. It's sad to see such a trend. ". To draw attention to credible projects, Van de Poppe Indicates Ideal Entry Points for BTC: “If you have a desire to enter the market, then good prospects are looming in the area around $57 000. I think, that chances are looming on the horizon to return to this level ". Besides, the analyst noted a couple of key levels for those wishing to enter ETH: “Two levels between $3600 And $3900 are entry points for those, кто желает зайти …

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