🦉 Bitcoin Nears $64K as BTC Futures Attract Billions

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VENOM CARNAGE 🩸

CHART OF THE DAY
2 YEAR MOVING AVERAGE 🔬

2 Year Moving Average

The 2-Year MA Multiplier is a bitcoin chart intended to be used as a long term investment tool.

It highlights periods where buying or selling Bitcoin during those times would have produced outsized returns.

To do this, it uses a moving average (MA) line, the 2yr MA, and also a multiplication of that moving average line, 2yr MA x5.

Note: the x5 multiplication is of the price values of the 2yr moving average, not of its time period.

Buying Bitcoin when price drops below the 2yr MA (green line) has historically generated outsized returns. Selling Bitcoin when price goes above the 2yr MA x 5 (red line) has been historically effective for taking profit.

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CRYPTO VIDEO SPOTLIGHT - WHAT IS ELROND? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS TON? 💡

The Open Network (TON) is a decentralized blockchain designed by Telegram to facilitate fast, secure, and scalable transactions.

TON’s key points include its unique multi-chain architecture, allowing multiple blockchains to work in parallel for enhanced scalability. Its native token, Toncoin (TON), is used for transaction fees, staking, and securing the network through validators. The network's efficiency allows for lightning-fast transaction times at low costs, making it ideal for mass adoption.

What makes TON amazing is its focus on user-friendly integration with Telegram, creating seamless crypto functionalities for millions of users, while also pushing blockchain technology toward mainstream use with exceptional speed and efficiency.

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