✅THE INVESTMENT ONLINE PLATFORM HENBBO IS NOW AVAILABLE IN THE POLISH LANGUAGE.

Poland is one of the largest countries in Eastern Europe, with a population of nearly 38 million people, and the total number of Poles worldwide is estimated to be around 50 million.

In 2021, the cryptocurrency market in Poland was legalized, and taxes and government regulations were introduced for digital asset operations. Nevertheless, the interest in cryptocurrencies among Polish businesses and the population continues to grow, ensuring a positive market dynamic and structure.

The addition of the Polish language to the Henbbo online platform, as in other cases, brings a dual positive effect. Firstly, it makes our website more accessible to Polish speakers, allowing them to profit from our services even more seamlessly. Secondly, it helps Henbbo attract new investors who prefer to use their native language to interact with our services.

Our team aims to make the Henbbo online platform as accessible as possible to people from around the world. Adding the Polish language is one step towards achieving this goal. We at Henbbo are confident that the addition of the Polish language to our platform will be a sought-after feature that benefits the company and all our Polish-speaking investors.

Henbbo – smart investments that will change your life!

✅Litecoin Hash Rate Steady Despite Dismal Price Action: Will This Change?

Litecoin Prices Steady But Lower, Rally Incoming?

Litecoin prices, on the other hand, are firm but down in the previous week of trading. CoinMarketCap data on August 9 shows that LTC is changing hands at $83, down 5% over the past week. What’s clear is that prices are moving tightly inside a consolidation range.

Despite this dip, LTC is relatively resilient, up 17% from June 2023 lows. However, from a top-down preview, the coin is down 26% from the 2023 highs. In the medium term, LTC remains bullish since bears have failed to unwind gains posted from mid-June to mid-July 2023. Whether bulls will maintain control after halving, however, is also unclear.

If past performance guides, there is a glimmer of hope for bulls. The previous Litecoin halving in August 2019 was several months before LTC ripped to $400 in 2021. Even so, before this spike, LTC prices nearly halved from $66 to $35 in December 2019.

Unlike previous halvings, the crypto space has matured, and regulatory clarity has improved, particularly concerning Bitcoin—the foundational protocol from which Litecoin emerged. For instance, while most US regulators consider Bitcoin a commodity, the Securities and Exchange Commission (SEC) is cautious toward other altcoins.

Tracking On-Chain Metrics To Gauge Interest

Considering the above challenges and regulatory uncertainty, the interconnection between hash rate and spot prices is actively monitored. Litecoin relies on decentralized miners for security and transaction confirmation.

The network’s security is evaluated via the hash rate metric, which risks crashing since miners must allocate more resources after the network halved rewards to 6.25 LTC. A potential price decline could trigger a corresponding reduction in hash rate, forcing the network to adjust the difficulty.

How this evolves remains to be seen, and the network remains stable at spot rates. Besides the hash rate near all-time highs, the network’s activity seems unaffected. According to IntoTheBlock data, the network’s average growth is steady despite sentiment on LTC being generally negative.

✅Important! 10% deposit discount on the last three days

We happily inform you that the 10%deposit discount on the last three days. This week, many of our investors participated in the event, including all of our members and new registered users. Users who have added deposits, please check our discount sending. It is usually sent within 24 hours. If you add a deposit but do not receive a discount bonus, please contact our live support.
PlanetaryAsset management team

✅Ethereum Crosses $1,800, But How Long Will Bullish Revival Last?

On the daily chart, ETH experienced a 2% climb. A positive movement is observable on the weekly chart, although it remains relatively modest.

Despite the upward movement, there is a potential risk of waning bullish momentum if Ethereum fails to sustain its price above the immediate trading zone. From a technical standpoint, the altcoin is leaning toward bullishness, with increased buying strength apparent in recent trading sessions.

Both accumulation and demand have played a role in this positive shift. Furthermore, Ethereum’s market capitalization has grown, indicating heightened demand during the past trading sessions.

At the time of writing, ETH was priced at $1,840. It is currently nearing its immediate resistance level of $1,850, which has previously functioned as a liquidity pocket.

Approaching this level might trigger a price decrease. However, if the altcoin successfully surpasses $1,850 and establishes a trading position above the subsequent resistance at $1,870, it could signal a more prolonged period of bullish activity.

On the flip side, the support level is $1,780, followed by another at $1,760. Falling within this range might lead to further downward movement in the price.

The trading volume of ETH in the previous session was lower. However, the fact that it was in the green indicates that buyers were gradually entering the market.

Regarding buyer activity, there has been increased demand for the altcoin following a notable dip within the past 48 hours. The Relative Strength Index (RSI) climbed above the 60 mark, suggesting a revival for the altcoin and signaling buyer engagement surpassed seller activity.

Furthermore, the price remained above the 20-Simple Moving Average (SMA) line, indicating that buyers were the driving force behind the market’s price momentum.

Another observation is that ETH remained above the 200-Simple Moving Average (SMA) line (green). This suggests a substantial price surge could be anticipated before the bullish momentum wanes.

Correlating with the increase in demand, ETH exhibited buy signals on the daily chart. The Moving Average Convergence Divergence (MACD), which signifies price momentum and potential shifts, showed green histograms aligned with buy signals.

These buy signals also suggest a potential upward movement in the price over the subsequent immediate trading sessions.

Additionally, the Bollinger Bands appeared wide from each other, indicating the likelihood of price volatility, although not overly significant as the bands mainly remained parallel. These parallel bands coincide with the immediate resistance level.

✅XRP’s Price is Entering Into an Area of Interest, Reveals Analyst

The popular cryptocurrency trader and analyst Michael van de Poppe tweeted yesterday that Ripple (XRP) is entering into an area of interest on its weekly chart. According to the post, the remittance token’s price may soon present a long trade entry for the next cycle. Subsequently, the analyst tweeted that traders should prepare to buy the dip in the coming weeks.

Meanwhile, XRP’s price has dropped more than 10% in the past month following the SEC development. At press time, CoinMarketCap indicated that the altcoin’s price was down 9.50% over the past 7 days as well. Consequently, the cryptocurrency was trading hands at $0.6251.

Van de Poppe attributed the decrease in XRP’s price over the past month to long-term holders who took the opportunity to sell their holdings after the “heavy impulse” XRP experienced. Furthermore, the analyst highlighted that there is a lack of interest in the cryptocurrency markets which leads to steeper price corrections than those witnessed in bull cycles.

The past week saw XRP’s price break below the $0.6596 support level where it continued to trade at press time. Sellers attempted to drag the altcoin’s price below the next support level at $0.5890 during yesterday’s trading session, but bulls were able to defend the mark.

Nonetheless, a significant bearish flag had triggered on XRP’s daily chart this past Friday, as the 9-day EMA line crossed bearishly below the 20-day EMA line. This signaled that short-term momentum shifted in favor of bears, and XRP’s price may continue to fall in the next couple of days.

If sell volume on XRP’s chart proves to be too overwhelming for bulls, then XRP could look to test the crucial support level at $0.5380 in the upcoming week. On the other hand, a daily candle close above $0.6596 will invalidate the bearish thesis. In this scenario, XRP’s price may climb to $0.7432 in the following few days.

✅HENBBO HELD A FOUR-DAY CORPORATE EVENT AT CANNA BALI ON THE ISLAND OF BALI.

From July 25th to July 28th, the vibrant four-day corporate event "Unlock New Horizons" took place at the Canna Bali hotel complex, located on the southern coast of Bali, Indonesia. The event marked the culmination of Henbbo's work in the first half of the current year, bringing together its most active investors and partners.

Similar events by the fund have become a tradition, and a total of 156 people from around the world participated in the Bali event. The attendees mainly consisted of top investors and partners of Henbbo, and 30 vacation packages were provided through a draw for the most active fund clients. For the four-day event, Henbbo rented all the rooms at Canna Bali and provided participants with an all-inclusive stay.

The four-day "Unlock New Horizons" event began with a welcome ceremony where participants were greeted and introduced to new guests. The first day included initial meetings with guest speakers and various entertainment activities.

Over the second and third days, the Henbbo team conducted a series of trainings and seminars on cryptocurrency markets, digital assets, investments, and other equally relevant topics. Through exercises simulating different scenarios, the experts demonstrated how participants could apply the knowledge gained in practical situations.

According to the majority of guests, much of what they learned during the "Unlock New Horizons" event was truly eye-opening. Henbbo is confident that this valuable information will enable its investors to become even more successful with the fund and avoid many mistakes and missteps in the future.

The event's culmination was the final day, during which a celebratory dinner was held to honor the most successful investors. They, in turn, shared their experiences, boosting the confidence and inspiring everyone else for future achievements. The day concluded with a vibrant and unforgettable party, ending with a festive fireworks display.

The four-day corporate event at Canna Bali not only provided investors with an opportunity to relax and engage in exciting activities but also served as a platform for the further development of their businesses. The beautiful green surroundings of Canna Bali provided an ideal backdrop for this occasion.

For the Henbbo fund, the "Unlock New Horizons" event proved to be highly beneficial as well. Firstly, it offered an opportunity to closely interact with their top investors and provide them with information about the future prospects of their collaboration and the overall digital market. Secondly, during these four days, the enthusiastic participants, inspired by the chance to truly unlock new horizons, displayed extraordinary activity. Several investment and collaboration proposals worth over $27 million were sent to the Henbbo management within a few days. Most of these funds have already been accepted and are yielding returns to their owners.

Henbbo - Smart investments that will change your life!

✅HENBBO ADDED SUPPORT FOR DAI STABLECOIN ON ITS INVESTMENT PLATFORM

Henbbo Foundation continues to implement its own development program in a systematic way. As part of this we have added transaction support for DAI stablecoin on our platform.

Unlike most stablecoins, DAI is a decentralized, stable coin. Its value is fully secured by Ethereum tokens, which are frozen in smart contracts when DAI coins are issued.

The uniqueness of the DAI token is in its decentralization. Its issue depends not on the decision of a particular company, but on the desire of users. The issue is not limited by anything and is always backed by an equivalent amount of ETH.

The DAI token can be used for settlement, or to transfer funds. The unused portion of the coins is periodically burned. This stabilizes the exchange rate of the token due to the continued balance of supply and demand.

Use all the features of Henbbo investment platform to get the maximum profit!

Henbbo - smart investment will change your life!

✅Bitcoin is stuck below $30,000. Here is why and what is next

'Unprecedented' low volatility

Luuk Strijers, chief commercial officer at crypto derivatives exchange Deribit, said the exchange's volatility indexes for bitcoin and ether are trading at "unprecedentedly low levels".

Such a low volatility could be due to a lack of conviction by investors, but could also result from a lack of leverage in the system, said Adam Guren, chief investment officer at Hunting Hill Global Capital.

In 2020 and 2021, "leverage was easy in the space and it was maybe overdone," Guren said. The high amounts of leverage contributed to high volatility and price increase of bitcoin, according to Guren.

However, as several major crypto companies, such as FTX, Alameda Research, BlockFi, Celsius, Voyager and Genesis collapsed in 2022 and early 2023, many highly leveraged players were washed out of the industry.

"We're now at the other side of the pendulum where there's really difficult to get any kind of loans or leverage in the space," Guren said. "If you want to do it, it's expensive. The interest rates are really high. The collateral terms are super onerous."

Still, Guren said he expects a return of leverage in the crypto space, when the Federal Reserve starts to cut interest rates again. He also expects some companies to come up with new ways to provide more efficient leverage for the industry.

Strijers echoed the point. Investors should expect a considerable upswing in volatility in the coming months, potentially driven by any progress in BlackRock(BLK)'s spot bitcoin ETF application and the upcoming bitcoin halving event, which is expected to happen in April or May 2024.

Bitcoin halving refers to a process where the block reward given to the crypto miners is cut in half after every 210,000 blocks mined, or about every four years. The crypto has historically seen price appreciation months before and after halvings.

The volatility term structure for bitcoin is quite steep, while there is a continuing call skew, where bitcoin calls are trading at higher volatility than puts, Strijers said.

Crypto founder and a black diamond

The U.S. Securities and Exchange Commission on Monday charged Richard Heart, founder of the crypto projects Hex and PulseChain, with unregistered sale of more than $1 billion in crypto asset securities and the theft of $12 million of those funds to purchase a series of luxury goods.

The complaint says that between August 2021 and September 2022, Heart "misappropriated at least $12.1 million" of PulseChain investor assets "to fund his purchases of luxury goods, including cars and watches."

Heart allegedly spent $534,916 on a McLaren sports car, $314,125 on a "white Ferrari Roma," and more than $1 million in total on three Rolex watches.

Heart also allegedly spent $4.28 million on a 555-carat black diamond called "The Enigma," which is "purportedly the largest black diamond in the world," and did so with misappropriated PulseChain investor assets.

✅Important!10% discount on deposits!

In the past few months, we have created considerable profits for global customers. To return our members, combine our discount discounts in the previous issue we launch a deposit discount this week.

Member cash deposits can enjoy 10% discount.

Our discount bonus will be sent to the account within 24 hours after the deposit.

Discount activities will end on August 13.

Thank you again for your work. I hope we will achieve better results in future work! best wishes!

PlanetaryAsset management team

✅Sell The News? Litecoin Traders Capitulate Ahead Of Today’s Halving

This event takes place approximately every four years and the next one, which would be the third, is scheduled to happen in around five hours if data from the mining platform NiceHash is to go by.

This third halving event will reduce the cryptocurrency’s block rewards from 12.5 LTC to 6.25 LTC. Historically, these events have been important for the asset, as they mark points where the cryptocurrency’s production rate (which is nothing but the block rewards, as miners releasing these coins is the only way to mint new LTC) shrinks, and hence, the coin becomes more scarce.

As these halving events are so significant, the market naturally speculates around them, leading to the coin experiencing volatility. In a new tweet, the on-chain analytics firm Santiment has revealed how the traders have been behaving in anticipation of today’s Litecoin halving.

In the above graph, Santiment has attached the data of two metrics related to LTC: “social dominance” and the “ratio of on-chain transaction volume in profit to loss.”

The former of these tells us what percentage of discussion on social media related to the 100 largest assets in the cryptocurrency sector is coming from Litecoin alone.

From the chart, it’s visible that this indicator has observed a large spike today, showing that investors are participating in a large number of discussions related to today’s halving.

The other indicator keeps track of the ratio between the profit-taking and loss-taking volumes on the network. As displayed in the graph, this metric has taken a plunge below the 1 mark recently.

The ratio being less than 1 implies that loss-taking is the dominant force on the market at the moment. The loss volume is not only more than the profit volume right now, but it’s actually outweighing it at a ratio of more than 2:1.

This extraordinary loss-taking may be coming from the investors who purchased coins ahead of the halving believing it to be a bullish event, but as Litecoin has only gone down lower recently, the holders have panicked and are selling at losses in an attempt to avoid going further underwater. The high social dominance of the asset may also likewise be because of FUD-related discussions blowing up.

Based on these signs, it’s possible that Litecoin may be going through a classic “buy the rumor, sell the news” event.

LTC Price

At the time of writing, Litecoin is trading around $91, up 1% in the last week.