Kamala Harris indirectly accepts crypto for campaign donations 🙏

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📅 Today

🔍️ Market Outlook

• Overall Bias - Cautious 🙏 

• BTC broke the key $62,400 level, but failed to re-test and hold it as support.

• $56,000 is a crucial support for BTC that bulls must try to defend.

• A failure to hold this price as support would mean more consolidation for BTC, or a drop to $48,000.

• BTC also got rejected off it’s bull-market support band (20 Week SMA & 21 Week EMA)

• It is wise to not take any new leveraged positions till BTC closes above this band, and till BTC dominance reverses it’s uptrend.

Travala X Skyscanner ✈️ 

Skyscanner has partnered with Travala, a blockchain travel platform, to offer hotel bookings using over 100 cryptocurrencies, including Bitcoin, Ethereum, BNB, and AVA.

Travala brings over 2.2 million hotels in 230 countries to Skyscanner. It aims to create a transparent and decentralized booking experience, allowing users to pay with crypto.

Users can also earn up to 10% back in Bitcoin and enjoy other travel rewards via its AVA Smart Program.

Kamala Harris Warms Up To Crypto 🙏 

Kamala Harris will accept crypto donations indirectly for her Presidential campaign.

Future Forward PAC, which supports Kamala Harris, is reportedly accepting crypto donations through Coinbase Commerce.

Future Forward is a hybrid PAC, originally used for President Biden, allowing it to support the campaign directly or fund independent ads not coordinated with Harris.

While Harris’s campaign isn’t taking crypto directly, this move by Future Forward signals that Democrats may be warming up to digital currencies.

📕 Educational

Banana Gun - An Overview

Banana Gun Bot is an automated trading bot for DEXs focusing on new token listings. Launched in 2023 on Ethereum, it now supports Solana, Base, and Blast, popular for its Telegram-based sniping and trading.

Key Features :

→ Automated Trading: Customizable profit-taking and loss prevention.

→ Security: 85% success in anti-rug measures and MEV-resistant swaps.

→ User Interface: Operates via Telegram for real-time trading.

→ Sniping: Auto-snipes new tokens with first-block trading.

→ Additional Tools: Limit orders, copy trading, and anti-rug protections.

Performance Metrics :

→ $4M+ monthly revenue, $6B+ trading volume, and 250K users.

→ 17% market share among trading bots; 7% of Ethereum frontend volume.

Team and Funding :

→ Anonymous team, raised $1.3M in 2023 with no VCs.

Tokenomics :

→ 3.4M circulating supply, $125M market cap, and locked team tokens.

→ 40% of revenue shared with stakers; buybacks prevent inflation.

Competition :

→ Competes with Trojan, Photon, and Bonkbot, with USP as multi-chain support.

Opportunities :

→ Multi-chain growth and web app for a better trading experience.

On-Chain Insights :

→ $41M buy volume in 30 days, strong accumulation by Smart Money.

→ Notable investors like Galaxy Digital are accumulating, showing confidence.

📊 Resource of the day

📈 Chart of the day

Rationale & Confluences

• Cup & Handle re-test.

• High buy volume on breakout.

• Low sell volume on retracement.

• Daily equilibrium support.

• Daily horizontal support.

• RSI retraced back in buy zone.

• Stochastics oversold.

• Source : Cointraction

🤣 Meme of the day

Accurate 🤣 

That concludes our update for today!

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Disclaimer : None of the content shared in the newsletter is financial advise. Always do your own research and analysis before investing.