PEPE EXPLOSION 💣💣💣
STILL ON📈

the price of Pepe Coin has once again captured the attention of traders. This meme coin has risen due to its strong correlation with Ethereum $2,635. PEPE has been following Ethereum’s price movements closely for some time.

Increase in Ether Burn Rates
According to LookonChain data, the daily Ether burn rate has significantly increased in the past week. This surge may also contribute to the rise in Ethereum’s price. LookonChain reports that daily ETH burn has increased by 163% over the last week. If the network remains inflationary due to a decline in transaction fees but revives activity and continues to see burns, it may become deflationary again.

PEPE Analysis
PEPE’s 60-day correlation with ETH stands at 0.92, which is higher than its correlation with Bitcoin $65,209. The price of PEPE shows recovery signals as it breaks out of a rising triangle formation, with potential to rise to $0.00001250. Additionally, PEPE may find support at levels of $0.00000080 and $0.00000070, but a drop below these levels may signal weakness for bulls.

Bitcoin is attempting to surpass the $65,800 mark and destroy strong selling liquidity, which is positive for PEPE Coin. With ETH starting to close above $2,650, BTC is trying to establish $65,500 as support. If PEPE Coin experiences double-digit gains, it could open the door to all-time high attempts similar to those seen in previous months.

As noted in earlier market assessments, strong expectations from traders in bull markets have led to higher consolidation levels for assets like PEPE Coin and FLOKI. This offers them the potential for better performance in similar rising environments.

In light of this information, closely monitoring developments in the Pepe Coin and Ethereum markets could provide an advantage for traders. The dynamic nature of both assets can vary based on market conditions.

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DOGE News: Elon Musk’s ‘The Dogefather’ Post Sparks DOGE Price Rally

Market sentiments orbiting Dogecoin (DOGE) price appear to have taken a paradigm shift on Thursday, turning bullish against the backdrop of on-chain data and Elon Musk’s comments. Crypto market analyst Ali Martinez revealed that Dogecoin whale accumulations soared remarkably in recent days as over 1.40 billion tokens were sacked. Simultaneously, the dog-themed crypto’s price also topped the crucial resistance level of $0.111 lately, solidifying a bullish stance amid Musk’s ‘Dogefather’ comments.

DOGE News: Elon Musk Posts “Dogefather,” Whale Accumulations Soar
American billionaire Elon Musk today took to X, posting a picture of the dog behind Dogecoin, saying ‘Dogefather.’ This development, in light of the rising Dogecoin whale accumulations and the token’s price upswing past its resistance, has garnered additional investor curiosity surrounding the digital asset.

According to whale data streamlined by Ali Martinez on X, dated September 26, DOGE whales have made news, sacking over 1.40 billion Dogecoin tokens in the past 48 hours. These massive accumulations boast a total market value of approximately $140 million. Notably, the surge in whale accumulation underscores a bullish sentiment for the coin prevailing within the market.

Dogecoin price has sprinted past the crucial resistance of $0.111. Roughly 62K addresses hold over 36 billion DOGE on this resistance level. Concerning this, should the dog-themed meme coin hold a break above the mentioned resistance, doge confirms a bullish breakout ahead.

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PEPE Technical Analysis: $0.00001250 Next Stop

PEPE price is in a recovery phase after a downtrend, showing a bullish breakout from an ascending triangle pattern. The upward price movement and breakout above resistance suggest further bullish momentum with key resistance levels around $0.000001269 and beyond.

On the flip side, PEPE may find support around $0.00000080 and $0.00000070 in case of a pullback.

The ascending triangle is a continuation pattern, and its breakout signals an impending upward move. The measured move (height of the pennant) targets a price of around $0.000001269, representing a 45.15% potential upside from the breakout level.
If the Pepe coin price falls below $0.00000080, it would signal market weakness, making the asset bearish. PEPE price would find lower support around $0.00000070.

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Shiba Inu Exec Hints At SHI Stablecoin Launch on Shibarium

Shiba Inu marketing lead Lucie’s recent comments on the SHI stablecoin have garnered noteworthy attention across the global crypto landscape. On Thursday, the marketing lead revealed how the stablecoin is a game-changer for Shibarium, staging as a developmental key for stability and utility for Layer 2. Although not launched yet, its introduction to the meme coin’s ecosystem is expected to be pivotal.

Shiba Inu Marketing Lead Spotlights SHI Stablecoin Launch

In an official X post dated September 26, Lucie revealed that the SHI stablecoin, initially unveiled in 2021 by Ryoshi, is currently in the works. She added, “The original idea for SHI is to peg it at $0.01, though the specific mechanism for achieving this peg has not been determined.” Meanwhile, ongoing community discussions continue to gauge potential options to bolster the peg seamlessly.

Meanwhile, Lucie added that Shiba Inu lead developers Shytoshi Kusama and Kaal Dhairya also stressed that SHI is currently in development and under rigorous testing. The dog-themed meme coin’s community continues to take an apprehensive approach to the stablecoin’s release to ensure seamless utility and stability within the SHIB ecosystem. Concerning this, Lucie revealed that the project constantly learns from “the challenges faced by other stablecoins to ensure that SHI will be a secure and sustainable option.”

SHI’s Significance On Shibarium
Shiba Inu marketing lead also shared vital insights into why the stablecoin is important for Shibarium, the Layer 2 blockchain. SHI remains poised to enhance price stability, utility, DeFI integration, adoption, liquidity provision, interoperability, and transaction security, among a stockpile of other things.

As development progresses, SHI is set to enhance the Shib ecosystem’s capabilities, providing a reliable framework for decentralized finance and contributing to a more resilient financial landscape..

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Pepe Coin Price Eyes Gains as ETH Burns Surge 163%

Pepe coin price is back on investors’ radars as the meme coin turned bullish in the past couple of weeks. Reacting to Ethereum, PEPE broke out of a bullish continuation pattern, complete with a retest for confirmation. PEPE-ETH correlation could cause the increased Ether burns to spur a surge in the price of Pepe Coin.

Ether Burns Spike Amid Pepe Coin Price Rise
According to data from LookonChain, the rate of Ether (ETH) burnt daily has surged significantly over the past week.

Historically, the burn rate trend shows that the Ethereum price increase coincided with a spike in the ETH burn rate. The recent growth in rate burns surpassed the June high, not including the anomaly spike observed in August.

This information is fascinating for Pepe Coin investors, as the two assets have shown a high level of correlation in the past.

The PEPE 60-day correlation with ETH was 0.92 at press time, above the correlation it shares with Bitcoin, which stood at 0.84, and an increase from June’s 0.91. The correlation values range from -1 to +1. When the reading is close to -1, prices hardly move in the same direction. However, if the reading is close to +1, prices usually head in the same direction. And that is the case with ETH and PEPE.

Should Ethereum continue to rise, the Pepe Coin price could surge, too. The PEPE price has increased by 7% in the last 24 hours and is trading at $0.000009.

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Shiba Coin 💣💣

Since its low on September 18, Shiba Coin has rallied over 20%. Although there isn’t a general surge in demand for meme coins, Shiba Coin has been a positive standout. The release of more details regarding the layer-3 trial has driven interest, with the team hinting at significant developments soon, presenting an opportunity for potential gains.
Closing above $0.00001579 could lead to a new test at $0.00001745. The parallel channel support is at $0.00002088, and without recovering this level, it may be difficult to discuss a genuine reversal at this time.

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Solana (SOL)

Solana, one of the largest competitors to Ethereum $2,622, is experiencing a resurgence. Although the price has exceeded $150, it started the day with a red candle while BTC faced resistance at $65,000. However, it is currently holding above the $144 and $148 levels, which is a positive sign. If upward momentum accelerates and BTC supports SOL Coin bulls with a new $65,000 test, a target of $162 can be revisited, with $188 resistance above that level.

SOL Coin attempted to breach the $188 mark four times this year but was unsuccessful. Despite being affected by quick shifts in overall market sentiment, hopes for the final quarter are strong, suggesting that we could see closes above the $210 resistance. Following that, the target will shift back to $256

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Dogecoin price shows potential for growth as co-founder Billy Markus dismisses involvement in future cryptocurrencies.

Dogecoin (DOGE) price has recently experienced notable price fluctuations. Over the past week, the cryptocurrency has seen a significant uptick in value, raising interest across various trading platforms. Currently, the DOGE price is stabilizing around a key support level, suggesting potential resilience in the market.

Dogecoin Price Steady as Founder Denounces New Crypto

Shibetoshi Nakamoto, also known as Billy Markus, co-creator of the popular cryptocurrency Dogecoin, has once again clarified his position regarding his involvement in the crypto space. In an X post, Nakamoto reaffirmed that Dogecoin, which he co-created in 2013, remains the only cryptocurrency he has worked on.

He emphasized that he has not been involved in cryptocurrency projects since 2014, stating that Nakamoto’s post responds to rumors or claims of his affiliation with other cryptocurrency projects.

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Will Shiba Inu Price Hit $1 if SHIB Rallied Like in 2021?

If SHIB Rallied Like in 2021, Will Shiba Inu Price Hit $1 in 2024?
In 2021, the Shiba Inu price saw an extraordinary surge of 45000% between January and May. After a notable correction, the coin price offered another 1500% jump to mark an all-time high of $0.00008845 in October.

While a 2021-like rally could provide explosive profits to SHIB holders, hitting the $1 target seems virtually impossible. Here’s why:

Massive Circulating Supply: Despite ongoing efforts to burn tokens, there are still hundreds of trillions of SHIB in circulation. To reach the $1 target, the Shiba inu market cap needs to grow exponentially, even surpassing Bitcoin and Ethereum combined— an unrealistic scenario given the currency market condition.

Previous Rally Context: In 2021, the SHIB price rally was driven by a perfect storm of social media hype, meme culture, and an influx of retail investors. While these factors could drive the notable rally, the market may not offer a rally of similar magnitude, given the alternative investment options.

2021 Rally isn’t enough: Even if Shiba Inu price prediction shows a similar 45000% surge from its current value of $0.0000154, its worth will rise to approximately $0.00698, not $1.

Will the Shiba Inu price hit $1 if SHIB rallies like in 2021? The answer is no, given the massive supply, emerging competition, and investors’ need for better utility than just social media hype.

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Terra CEO Chris Amani Confirms Plan If Negotiations Fail🤔🤔🤔

Terraform Labs (TFL) on Wednesday revealed their plan regarding the shutdown of operations and its products and services in case negotiations with 3rd parties fail. The beleaguered company and CEO Chris Amani confirmed receiving an order from the bankruptcy court to wind down operations after the SEC settlement.

Terraform Labs Adheres to Shut Down Deadline
In an X post on September 25, Terraform Labs revealed progress with 3rd party discussions to take over operations of some of its products and services. With confirmation from Terra CEO Chris Amani, the company’s products and services will be shut down on October 30, 2024.

TFL hints that discussions with 3rd parties are likely failing. This could possibly be due to the US SEC’s scrutiny and low interest in the products. The company is selling four businesses Enterprise Protocol, Warp Protocol, Station Wallet, and Alliance Hub.

Meanwhile, the services under consideration for takeover are Finder Block Explorer, Foundation, IBC Relayers, and Mantlemint, FCD, & API services. Despite the advantages of the services in the industry, the infrastructure requirements for the services remain a challenge for potential parties. Amid this LUNC news, the community is planning to burn tokens.

This date coincides with the shutdown of Shuttle Bridge interface to burn crypto assets such as wLUNC in the contracts. Also, TFL has completed its last update and no longer has the ability to support future chain upgrades. The community-driven initiatives will manage the maintenance and operation of the chain.

LUNA and LUNC Price Action Amid the News
Terra Luna Classic community awaits Binance burn mechanism. Crypto exchange Binance has likely revised its LUNC burn mechanism as the exchange sent more tokens to the burn address.

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Terra Luna Classic approves major governance and stability proposal
#Binance's ongoing token burn.

The Terra Luna Classic community has recently approved a major proposal, sparking market speculations. According to the update, the approved proposal focuses on tackling issues related to governance and stability, fueling discussions over its potential impact on LUNC price.

Meanwhile, the recent LUNC burn by Binance has also bolstered the market sentiment, which could also help in the token’s rally ahead.

Terra Luna Classic Approves Crucial Proposal
The recently approved proposal, led by BLV Labs, aims to enhance the governance (GoV) module. The latest proposal update shows that the team, which consists of three experienced members from the Cosmos ecosystem, focuses on addressing challenges faced while submitting proposals in the Terra Luna Classic blockchain.

The main challenge is the deposit for creating proposals on the blockchain, which is currently set at 5 million LUNC, does not account for the price volatility. In other words, when the LUNC price fluctuates, the deposit amount may either become too low or too high, which causes problems in maintaining the proposals’ value.

However, to avoid this, BLV Labs proposes to use the Oracle module. It will help in automatically adjusting the required deposit amount based on the current LUNC price while ensuring a stable value of $500.

In addition, it is also expected to stop bad actors from spamming the network with proposals when the token’s price slumps drastically. In other words, it will aid in maintaining the integrity of the network’s governance process by stabilizing the depositing value.

Meanwhile, the approval of this proposal, with more than 85% votes cast in favor, reflects the community’s interest in it. In addition, many have speculated that it will help boost LUNC price while creating a more secure and efficient ecosystem.

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Pepe Coin Explosion 💣💣💣

Pepe Coin price is trending upwards and shows the promise of a bullish breakout. Ethereum, to which the meme coin is closely correlated, has also been surging following the overall crypto recovery led by Bitcoin.

Pepe coin to over $15 billion market cap by focusing on its relationship with Bitcoin.

PEPE might be about to explode. Historically, meme coins like Pepe coin outperformed Bitcoin during bullish market rallies. Hence,if BTC experiences significant growth, it is reasonable to expect that the Pepe coin price will also see huge increases in its price.

Pepe coin market cap could swell to $15 billion if Bitcoin price surges by 400% to $350,000.

Pepe coin price is showing signs of breaking out. However, despite these positive developments, Ethereum seems to be facing setbacks as some whales rush to book profits amid falling spot ETH ETF netflows. Can PEPE sustain a bullish run even in the face of a potential ETH sell-off?

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Russia Uses Crypto To Trade With China

Another trigger for Bitcoin price hitting $100K is the recent switch by Russian authorities to crypto to pay for trade with China. Moscow Times reported that Russia will pay China in cryptocurrency for war supplies.

Russian authorities have planned the first group of importers to be allowed to pay for Chinese goods in digital currencies under an experimental legal regime. These included electronics manufacturers, some members of the Russian Chamber of Commerce and Industry, and several banks.

The primary goal is for the BRICS Group, a bloc of countries with some of the world’s leading economies. Member countries of this group are focused on challenging the dominance of USD.

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Bitcoin Price Targets $100K On China Stimulus And Trade With Russia In Crypto.
🚨🚨

Traders target Bitcoin price at $100K as China announced massive stimulus to boost economy and Russia to pay in crypto for trade with China.⏰
Can Bitcoin Price Hit $100K As China Boosts Global Markets
People’s Bank of China (PBoC) Governor Pan Gongsheng announced on September 24 several measures to revive China’s economy amid concerns that the 2024 growth target of around 5% might be out of reach. It includes a 50 bps cut in the reserve requirement ratio, a 20 bps cut in key short-term interest rates, and monetary stimulus, reported Reuters.

The PBoC also plans to lower borrowing costs on up to $5.3 trillion in mortgages and relax rules for second-home purchases. This has boosted the Shanghai Stock Exchange by more than 4% in a day. Stock markets globally are in green today on cues from the Chinese stock market. However, Bitcoin price shows volatility amid buying in stock markets.

“This is the most significant PBOC stimulus package since the early days of the pandemic,” said Capital Economics analyst Julian Evans-Pritchard.

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Terra Luna Classic Burn Mechanism Revised By Binance, What’s Next for LUNC?

Crypto exchange Binance performed LUNC burn mechanism multiple times this month, sparking speculation in the Terra Luna Classic community. The exchange is the largest contributor, with 64.47 billion LUNC burned until now to support the revival of chain and price.

Has Binance LUNC Burn Mechanism Revised?
Binance LUNC burn data indicates that the crypto exchange has likely revised its LUNC burn mechanism, increasing the number of burns monthly. According to an earlier announcement, the exchange burns Terra Luna Classic tokens on the first of every month. However, the exchange burned the tokens six times this month.

This has sparked speculations as Binance had earlier reduced its Terra Luna Classic spot and margin trading fees to 50% instead of 100%. It even delayed sending the Terra Luna Classic trading fee burn contribution for months. However, the exchange is burning more tokens this time.

Binance burned 1.19 billion LUNC tokens in the 25th batch of the LUNC burn mechanism, the crypto exchange burned $97,229.23 in trading fees for the period between July 31 to August 29.

In addition to the main burn, the exchange burned 199,389 LUNC tokens in five transactions until now. Some Terra Luna Classic members believe the exchange has changed the way it has burned the tokens.

Terra Luna Classic Ecosystem Tokens Jump
LUNC price climbed 3% in the last 24 hours and 7% in a week, with the price currently trading at $0.00008557. The 24-hour high and low are $0.00008188 and $0.00008622, respectively. Moreover, the trading volume has increased by 16% in the past 24 hours, indicating a rise in interest among traders.
data indicate 1000LUNC open interest on Binance and Bybit has jumped more than 5% in the past 24 hours. This indicates that derivatives traders are actively buying the crypto.

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Celestia Price Prediction: Is $8 to $10 Next?

The Moving Average Convergence Divergence (MACD) indicator exhibits a bullish crossover, with the signal line moving above the MACD line. This typically suggests potential buying opportunities for traders.

Over the observed period, as the percentage of stablecoin held by whales increases, there is a corresponding bullish trend in TIA’s price. This trend is especially notable from late August to late September, where both metrics show a sharp rise, suggesting that significant whale activity in stablecoins may fuel an upward price movement in TIA.
Celestia price has encountered notable resistance at the $7 mark. Breaking past this level could indicate a shift towards a more bullish cryptocurrency market climate. Once it overcomes this hurdle, the altcoin next target may be the $8 resistance point.

Continued momentum could push its value to $10. This follows a recent funding announcement that has invigorated investor interest.

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Bullish Signals Suggest NEAR Could Hit $8

The daily technical indicators for NEAR price on Binance show a notable uptrend in recent sessions. The Moving Average Convergence Divergence (MACD) histogram reflects this positive shift with increasing green bars, suggesting bullish momentum.

The MACD line has crossed above the signal line, affirming the uptrend. This crossover and subsequent rise indicate potential continued strength in NEAR’s price.

the NEAR Protocol derivatives market has experienced significant growth. The trading volume has surged by 198%, reaching an impressive $1.03 billion.

The open interest in these derivatives has also seen a substantial increase of 41.91%, amounting to $262.50 million. These metrics indicate a growing interest and increased activity in NEAR Protocol’s derivatives products.
Additionally, the price movement has recently broken above a consolidation pattern, suggesting a possible continuation of the uptrend if the current momentum sustains.
If bullish momentum mounts more pressure, the top altcoin could hit the $6 level, and more gain could rally above the $10 resistance level in the near term.

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#Altcoins

The biggest altcoin season of this period will begin within days. We are already witnessing the first signs. If you review history, you will see how significant Q4 has been in all past cycles.”

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Binance Announces Service Interruption Ahead Of Changpeng Zhao’s Release

The world’s largest exchange Binance on Monday said it has scheduled a major upgrade this week and users will face intermittent interruptions to all services. This coincides with co-founder Changpeng Zhao’s release from Federal Correctional Institution Lompoc facility in California on September 29.

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ONDO Coin
🥃🥃🥃🥃

ONDO Coin has witnessed a 30% drop between August 24 and September 8. After testing a low of $0.572 on September 18, ONDO is now above $0.68. If the support at $0.66 holds, we may see a rise back to $0.81, while a negative scenario could lead to another test of the lows...

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