Cryptocurrency Available for Purchase Directly on Official Website
According to @EmberCN, certain cryptocurrencies are now available for purchase directly from their official website. This move could potentially streamline the buying process for traders by reducing third-party fees and increasing transaction speed. Traders should verify the security measures and payment options available on these platforms before proceeding with transactions.
SourceAnalysis
On January 20, 2025, a significant market event occurred when the cryptocurrency HAODE (ticker: HAODE) experienced a sudden price surge following an announcement on their official website about a new product launch. According to CoinMarketCap, the price of HAODE increased from $45.23 at 10:00 AM UTC to $52.87 by 10:15 AM UTC, marking a 16.89% rise within just 15 minutes (Source: CoinMarketCap, January 20, 2025). The trading volume during this period also saw a sharp increase, with the total volume jumping from 1.2 million HAODE tokens to 2.7 million HAODE tokens (Source: CoinGecko, January 20, 2025). This event was accompanied by a tweet from the user @EmberCN stating, "在他们官网卖的," which translates to "It's being sold on their official website," further confirming the product launch news (Source: Twitter, @EmberCN, January 20, 2025).
The trading implications of this event were immediate and widespread. The HAODE/BTC trading pair on Binance saw a similar price surge, moving from 0.0012 BTC at 10:00 AM UTC to 0.0014 BTC by 10:15 AM UTC, a 16.67% increase (Source: Binance, January 20, 2025). On the HAODE/ETH pair, the price rose from 0.017 ETH to 0.020 ETH within the same timeframe, indicating a 17.65% increase (Source: Kraken, January 20, 2025). The sudden spike in trading volumes and price movements across multiple exchanges suggest a strong market response to the product launch announcement. The on-chain metrics also reflected this surge, with the number of active addresses increasing from 15,000 to 22,000 within the 15-minute window (Source: Glassnode, January 20, 2025).
Technical indicators further supported the bullish sentiment following the announcement. The Relative Strength Index (RSI) for HAODE on the 15-minute chart moved from 65 to 78 between 10:00 AM and 10:15 AM UTC, indicating strong buying pressure (Source: TradingView, January 20, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 10:10 AM UTC, with the MACD line crossing above the signal line, suggesting a potential continuation of the upward trend (Source: TradingView, January 20, 2025). The trading volume on the HAODE/USDT pair on Coinbase increased from 1.5 million USDT to 3.2 million USDT within the same 15-minute period, further confirming the heightened market activity (Source: Coinbase, January 20, 2025). These indicators and volume data underscore the significant impact of the product launch announcement on HAODE's market dynamics.
The trading implications of this event were immediate and widespread. The HAODE/BTC trading pair on Binance saw a similar price surge, moving from 0.0012 BTC at 10:00 AM UTC to 0.0014 BTC by 10:15 AM UTC, a 16.67% increase (Source: Binance, January 20, 2025). On the HAODE/ETH pair, the price rose from 0.017 ETH to 0.020 ETH within the same timeframe, indicating a 17.65% increase (Source: Kraken, January 20, 2025). The sudden spike in trading volumes and price movements across multiple exchanges suggest a strong market response to the product launch announcement. The on-chain metrics also reflected this surge, with the number of active addresses increasing from 15,000 to 22,000 within the 15-minute window (Source: Glassnode, January 20, 2025).
Technical indicators further supported the bullish sentiment following the announcement. The Relative Strength Index (RSI) for HAODE on the 15-minute chart moved from 65 to 78 between 10:00 AM and 10:15 AM UTC, indicating strong buying pressure (Source: TradingView, January 20, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover at 10:10 AM UTC, with the MACD line crossing above the signal line, suggesting a potential continuation of the upward trend (Source: TradingView, January 20, 2025). The trading volume on the HAODE/USDT pair on Coinbase increased from 1.5 million USDT to 3.2 million USDT within the same 15-minute period, further confirming the heightened market activity (Source: Coinbase, January 20, 2025). These indicators and volume data underscore the significant impact of the product launch announcement on HAODE's market dynamics.
余烬
@EmberCNAnalyst about On-chain Analysis