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Tamilnadu Crypto News
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By @tamil_btc
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#TOTAL MARKET CAP ANALYSIS

The total market cap is showing strength with consistent bullish solid weekly candle closes. The MACD crossover indicates bullish momentum. Now, all eyes are on the weekly candle close.

A strong candle close would signify the continuation of the upward movement to reach the marked high. In the event of a retracement, a retest of the horizontal support could be a possible scenario.
Top 10 Blockchain Protocols by Total Value Locked

Total Value Locked (TVL) is the most important indicator to evaluate the adoption scale of a Crypto Blockchain Protocols by calculating the total value (USD) locked in the corresponding smart contracts. So let’s consider the top 10 best Blockchain Protocols by current Total Value Locked.
Top 10 Blockchain Protocols by Total Value Locked

Total Value Locked (TVL) is the most important indicator to evaluate the adoption scale of a Crypto Blockchain Protocols by calculating the total value (USD) locked in the corresponding smart contracts. So let’s consider the top 10 best Blockchain Protocols by current Total Value Locked.
Top 10 Promising Projects with Market Capitalization Under $5 million

This time we made a list of the top 10 projects, in our opinion, with a current market cap under $5 million, which you can take a closer look at.
Top 1 project from each ecosystem by Total Value Locked

The blockchain ecosystem can provide true decentralization, immutability, transparency, accountability and flexibility to day-to-day operations. Let's look into some of the top ecosystems and their best project by Total Value Locked.
Top 10 Decentralized Exchange Tokens by Market Capitalization

Decentralized exchanges, or DEXs, allow users to trade with one another in a permission less manner and without any intermediaries. Let's consider the Top 10 DEX tokens by Market Capitalization.
Top 10 Promising Projects with Market Capitalization Under $10 million

This time we made a list of the top 10 projects, in our opinion, with a current market cap under $10 million, which you can take a closer look at.
Top 10 Promising Projects with Market Capitalization Under $35 million

This time we made a list of the top 10 projects, in our opinion, with a current market cap under $35 million, which you can take a closer look at.
DUSK analysis:

The price broke the resistance area and is now trading above it. You can open long positions near the support area with tight stop loss. We may experience a continuation of the upward movement in the coming days.

Support Area: $0.291-$0.300

Resistance Area: $0.332-$0.339
Educational Post

What is Market Momentum?

The term market momentum refers to the ability of a particular market to maintain a continuous increase or decrease in price within a certain timeframe. Essentially, market momentum is what creates a market trend. Since the market momentum is a result of the variations in the market price of an asset, it also reflects the current market sentiment.

As such, market momentum can be used in technical analysis (TA), helping traders identify trading opportunities. These opportunities may arise during bullish or bearish trends (when market momentum is getting stronger) or during reversal points (when market momentum is getting weaker).

However, market momentum is not only related to the price changes but also to the trading volume. This means that high volumes of trading activity indicates a stronger market trend and, thus, a stronger and more reliable market momentum.

Many traders and chart analysts make use of TA indicators to measure market momentum and try to spot possible market trends. Some examples of these tools include the Relative Strength Index (RSI), the Stochastic RSI, the Volume Weighted Average Price (VWAP), and the Moving Average Convergence Divergence (MACD).
Bitcoin has seen a significant rise in value and has broken through its resistance level with high trading volume. As a result, many people are experiencing FOMO (fear of missing out) and there is a lot of hype in the market. If the price of Bitcoin can remain above the $55,000 level, we may see it move towards the key level of $60,000. It is recommended that open positions have a stop loss in place.
Daily dollar cost averaging bitcoin, stocks, bonds, and gold, starting from the day of the $69k $BTC all time high:

- Bitcoin: +107%
- Nasdaq: +31%
- S&P 500: +19%
- Gold: +9%
- Bonds: -9%
🇺🇸 Spot #Bitcoin ETFs bought over 9,000 #BTC yesterday, while miners only produced ~900 BTC.
#ChiefTrollGrok a vibrant ecosystem fueled by memes, mischief, and a touch of disruption, is coming to #MEXCKickstarter 🚀

🗳Vote with $MX to share massive airdrops
📈 $CTG/USDT Estimated Trading: 2024-02-29 06:00 (UTC)

Details: tamilbtc.com/mexc
According to bitinfocharts, Google Trends for #Bitcoin  is now back to 2015 levels (when Bitcoin was $200).

It’s over $50,000 now.
93.5% of all the #bitcoin has been mined successfully as of today.
BAL Analysis:

The price of BAL is currently attempting to surpass the resistance area. Confirmation of a breakout will be signalled by a candle closing above this resistance level. Conversely, a rejection from this area may lead to a downward movement towards the support zone.

Support Area: $3.50-$3.70

Resistance Area: $4.55-$5.00
BTC Longs Vs Shorts - Exchange Wise ✔️
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After a week of remarkable price movements and substantial capital inflows, the Bitcoin Realized Cap has nearly fully recovered, reaching $467.2 billion. Our current value is only -0.22% shy of the all-time high of $468.3 billion.