Bitcoin Sell Risk Hits 2024 Low
During periods of cryptocurrency price volatility, especially during the last few months, the price of Bitcoin has suffered some drops. But overall, few people seem willing to give in to that. Despite prices hovering around fifteen percent from their all-time highs, Bitcoin sellers are now at “minimums.” Data indicates that the risk on the sell side is at its lowest level since the beginning of 2024.
Meanwhile, a promising new cryptocurrency gains prominence in the market. The Crypto All-Stars pre-sale is on the rise and has caught the attention of investors and memecoin traders.
Bitcoin selling risk reaches “minimum zone”
CryptoQuant contributor Axel Adler Jr. revealed that the number of potential sellers has declined since BTC/USD's all-time high in March, according to his analysis of the sell-side risk metric.
In a ppublishing on X On September 25, he commented: “Since peaking at $73K, the number of people willing to sell Bitcoin has dropped to a low in the last 6 months.”
The sell-side risk ratio calculates all profits and losses for the day and divides them by the Bitcoin limit. This creates potential selling pressure, values of which are currently below 20,000. By comparison, the metric measured nearly 80,000 during the March surge.
While still a fraction of March's record $3.6 billion, on-chain profit and loss figures show a daily net total of around $500 million.
On average, Bitcoin generates approximately $571 million in profits daily, while losing approximately $115 million. The average expected net profit for investors is $456,000,000 per day.
Bitcoin Price Support Guarantees Returns
The total cost basis of various groups of Bitcoin investors determines the support and resistance of Bitcoin's price. Short-term holders, also known as Bitcoin speculators, are currently “in the black” after going through a long period of uncertainty and distributing their assets to the market, often making a loss as a result.
Data from statistical resource BGeometrics indicates that the base cost of STH is currently approximately $63,637.
Earlier this week, X account The Bitcoin Researcher claimed to be in a “crucial state” of the market for BTC and STH entities.
The successful pre-sale of a promising new cryptocurrency. Crypto All-Stars is recording impressive fundraising, and early investors can expect big gains.
Currently on pre-sale Crypto All-Stars is one of the most promising cryptocurrencies
The new Crypto All-Stars project has attracted attention from the community. Especially for those who invest in memecoins. This is due to its promise to unify memecoin staking with a single tool. MemeVault uses the ERC-155 standard based on Ethereum.
So far, the Crypto All-Stars ($STARS) pre-sale has raised over $1.5 million and counting. This was achieved within a few weeks of launch.
Crypto All-Stars ($STARS) created MemeVault, an innovative unified staking platform, which contributes to the success of the project. Users can stake multiple memecoins on different blockchains with the multi-chain platform.
Crypto All-Stars covers a wide range of promising cryptocurrencies. Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPECOIN), Floki ($FLOKI), Brett ($BRETT), MOG, Milady Meme Coin ($LAYDS), Turbo, Toshi ($TOSHI), Coq Inu ($COQ) and Bonk ($BONK) are examples of tokens that make up the group.
$STARS tokens will be distributed at a rate of 2,801.44 $STARS tokens per ETH block. These rewards will take place over a period of two years. The tokens can be recovered once the claim begins.
The Crypto All-Stars tokenomics was carefully planned. As a result, it allocated 20% of $STARS to pre-sale, 20% to pre-sale staking, 20% to marketing, 10% to CEX/DEX and 20% to the MemeVault ecosystem.
Additionally, the project has undergone a successful audit by SolidProof and Coinsult. The review found that there were no significant errors in the integrity of its code.
How to pre-order $STARS
$STARS tokens are selling for $0.0014652 in the current pre-sale round. As pre-sales progress to subsequent phases, this value should increase.
To get $STARS on presale, connect your cryptocurrency wallet and exchange $STARS for ETH, USDT or BNB. A widget available on the official Crypto All-Stars website also allows bank card payments.
The aim of the project is not only to bring together several popular memecoin communities, but also to offer an innovative way to earn money. Rewards decrease as more tokens are staked on the platform. For this reason, interested investors should not waste any time.
Investors continue to trust successful ICOs like Crypto All-Stars. Even given the general circumstances of the cryptocurrency market. This indicates that the project may be heading towards success. Especially for those who are looking for promising cryptocurrencies and high yields at the moment.
Disclaimer: This article is for informational purposes only, and does not constitute investment advice or an offer to invest. CriptoFácil is not responsible for any content, products or services mentioned in this article.