King

DeFi | NFT | Abstract ✳

[Abstract Ecosystem @Abstract_Eco]

You won't know when I make it, but there will be signs ✳️

[King @KraneKing_]

@KryptomonTeam @AbstractChain Common!!!

Welcome to Abstract!!!

[KMON | MMORPG @KryptomonTeam]

It’s Trick or Treat time, and we believe in kicking off Halloween with a huge treat! World of Kogaea is joining forces with @AbstractChain for their main net launch! 🎮

Here is the trick 😉 World of Kogaea will be the first MMORPG fully supported by the Abstract Ecosystem!

@Abstract_Eco’s focus on Creativity, Culture, and Community aligns perfectly with KMON and World of Kogaea’s mission to drive meaningful, player-centric experiences in Web3. Together, we’re excited to build a vibrant ecosystem for the next wave of users.

That’s not all... 👀 There might just be a hint of cuteness waddling its way into WoK soon! Stay tuned for this frosty surprise! 🐧❄️

[King @KraneKing_]

@CarlosKrypt @nodemonkes @Claynosaurz @MogCoinEth @BoDoggosNFT @reservoir0x @goldskyio @Abstract_Eco @AbstractChain Abstract is good!✳

[King @KraneKing_]

@TheBrandiesGirl @that_techieboy @AvaxNG Hot avax girl 😹🔥

[Sparkle 🦋🔺 (💫,💫) @TheBrandiesGirl]

AvalancheLagosGameNight ☺️

@that_techieboy @AvaxNG

[King @KraneKing_]

@CarlosKrypt @AbstractChain @Abstract_Eco @iamvasugupta Wen!?

[King @KraneKing_]

@_Circuit2 @AbstractChain GMabs!!✳

[King @KraneKing_]

@coincares_ Joined waitlist.

[CoinCares @coincares_]

Introducing CoinCares:

a groundbreaking crowdfunding platform designed to empower 560 million crypto users globally to donate to worthy causes.Our mission? To bridge the gap between cryptocurrency and charitable giving! 💚

Think of it as a web3 GoFundMe. #Crypto #crowdfunding

[King @KraneKing_]

@DUDEisonchain @AbstractChain @Abstract_Eco @PudgyStudio Gmabs ✳💚

[King @KraneKing_]

@CarlosKrypt @AbstractChain @Abstract_Eco Gmabs

[King @KraneKing_]

@erikqeth @AbstractChain 🔥

[King @KraneKing_]

@thatcureguy Belated Birthday Cure 🤗

[King @KraneKing_]

@_thespacebyte Q4=Bullish szn!

[spacebyte ⛓ @_thespacebyte]

⚡ Crypto Market Could Experience High Volatility Amid $1.6 Billion Options Expiry Today.

The crypto market is teetering on the edge of potential upheaval as $1.1 billion worth of $BTC options and $510 million worth of $ETH options are set to expire today, October 11, 2024. With a combined notional value of nearly $1.6 billion, these expiries could inject significant volatility into a market already facing mounting pressure.

As traders prepare for impact, analysts are closely watching key technical levels and whale movements that could determine the market's trajectory in the coming days.

————————————————————

📍 Why this is important?

Options expiries often act as catalysts for volatility, especially in a market already facing uncertainty. For Bitcoin, the expiration of 18,000 $BTC options contracts represents a notional value of over $1.1 billion, while 212,000 $ETH options expiring today account for an additional $510 million. The sheer size of these contracts alone has traders on edge, but the situation is further complicated by the market's put-to-call ratios and “maximum pain points.”

The put-to-call ratio for #Bitcoin options currently sits at 0.91, according to analysts from @GreeksLive, suggesting that the market leans towards put options, indicating a bearish sentiment. Put options give holders the right to sell BTC at a predetermined price, often acting as a hedge against declining prices.

The maximum pain point for #Bitcoin—the price level at which most options expire worthless—currently stands at $62,000. With Bitcoin currently trading at around $61,832, this level will be a critical battleground for both bulls and bears.

#Ethereum, on the other hand, shows a more bullish setup. The put-to-call ratio for $ETH options is 0.4, reflecting a more optimistic market sentiment. #Ethereum's maximum pain point is at $2,450, with $ETH currently hovering around $2,400 after gaining 1.7% over the past week. Should $ETH break above this level, it could signal a broader market recovery. However, with $510 million worth of $ETH options expiring, this price point will also be closely watched.

————————————————————

✍️ Conclusion

You should watch Key technical levels for both #Bitcoin and Ethereum. Whale activity also suggests that large players are positioning for potential downside. However, with broader macroeconomic factors potentially turning favorable and long-term accumulation continuing, a market reversal may not be far off.

[King @KraneKing_]

Heavy on @AbstractChain and @Abstract_Eco

Thank you Wizard @sauciii for the hat💚

[King @KraneKing_]

@that_techieboy @Canza_Finance @Fourtuitous1906 @avax @exk200 @InsideDHive LFG!!!🔥

[Feezy 🐝 @heisfeezy]

Defi in Africa built on Avalanche with @Canza_Finance #EP75

Join me on this episode as we explore African builders on Avalanche with @Fourtuitous1906 (CTO & Co-founder of Canza Finance). Come learn more about:
- The Genesis of Canza.
- Baki the revolutionary FX protocol aimed at providing infinite liquidity for slippage-free swaps between African currencies.
- How Baki enables users to mint overcollateralized synthetic assets known as zTokens, pegged to various African currencies like the Nigerian Naira (zNGN), West African CFA (zCFA), and South African Rand (zZAR).
- How Canza aims to transform Africa’s financial defi market.
- Forthcoming plans for Canza in the future.

Thanks to @nadim_xyz for making this epsiode possible. Link to listen on my bio.

[King @KraneKing_]

@AbstractChain @goldskyio 🔥🔥🔥