read🧐 - *Ethereum (ETH) isn't bullish* because it's facing selling pressure, with a current price of $2,990.55 and a 1.53% decline. Resistance zones at $3,000-$3,100 and the 20-day EMA at $3,133 are hurdles for short-term recovery. Technical indicators like RSI and MACD show weak momentum ¹ ². - *Solana (SOL) is bearish* with a short-term sentiment score of 14/100. The first major resistance is at $142.98, and the price is currently trading at $135.93. The 14-day Relative Strength Index (RSI) is at 48.63, indicating neutral conditions ³. - *XRP isn't bullish* due to resistance at $0.55 and a lack of strong bullish momentum. A "death cross" formation on the daily chart indicates a potential decline to $1.25, a 50% drop from recent highs. The RSI is below 50, showing weak momentum 😱
Trapdoor tokens are a type of scam ERC-20 token that allows users to buy but prevents them from selling by embedding logical bugs and/or owner-only features in their smart contracts. These tokens have cost investors billions of US dollars on Uniswap, the largest decentralized exchange on Ethereum, from 2020 to 2023.
*How Trapdoor Tokens Work:*
1. *Token Listing*: Scammers list a Trapdoor token on a decentralized exchange (DEX) and create an exchange pool paired with a high-value token. 2. *Token Buying*: Investors buy the Trapdoor token by transferring the high-value token to the pool. 3. *Token Selling*: The scammer prevents investors from selling the token by triggering a malicious code or smart contract feature. 4. *Fund Retrieval*: The scammer withdraws all tokens from the exchange pool, including high-value tokens invested by users ¹.
*Red Flags to Watch Out For:*
- *Unusually Low Liquidity*: Legitimate tokens typically have consistent and reasonable liquidity proportional to their number of holders. - *Suspicious Transfers*: Abnormal transfer patterns, such as a large number of addresses receiving the token without corresponding liquidity. - *High Sell Tax*: Tokens with unusually high sell taxes may be indicative of a Trapdoor scam ².
*Examples of Trapdoor Scams:*
To avoid falling victim to Trapdoor scams, it's essential to verify contract addresses, monitor token metrics, and beware of unofficial channels. Always prioritize caution and conduct thorough research before investing in any cryptocurrency🤔
Pippin coin has been showing a high bullish trend, with its price increasing by 40.95% in the last 24 hours to reach $0.1108. The coin's market capitalization stands at $110.87 million, with a 24-hour trading volume of $101.05 million. This surge is likely due to increased hype, social engagement, and exchange visibility. Key influencers and recent listings have also contributed to the coin's price explosion ¹ ².
*Pippin Coin Key Metrics:*
- *Current Price*: $0.1108 - *Market Capitalization*: $110.87 million - *24-hour Trading Volume*: $101.05 million - *All-time High*: $0.3269 (January 11, 2025) - *Circulating Supply*: 999.99 million PIPPIN
Some analysts predict that Pippin coin could continue its upward momentum, potentially driven by short squeezes and increased demand. However, the Fear & Greed Index currently stands at 28, indicating fear in the market .🫣