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Positive comment for Bitcoin: “Uptober will continue” QCP stated that the Bitcoin (BTC) price has reached $ 70,000 and spot ETFs have gained a new dimension. QCP, which published a market report on Telegram, reported that an “exciting” week was behind the crypto market. QCP drew attention to the fact that BTC touched $ 69,000 with a 10 percent increase. The report stated that the psychological resistance level at $ 70,000 has become visible. QCP evaluated whether the rally will continue next week without any macro data. According to QCP’s report dated October 19, sustainable inflows will continue with the SEC approving BTC ETF options. The QCP report stated that Bitcoin dominance is approaching 58 percent, a level seen in April 2021. The dominance, which is at its highest level of the year, is expected to reach the resistance at 60 percent and start to decline. QCP believes that this development in Bitcoin dominance will pave the way for a strong recovery in Tier-1 coins. Arguing that the general outlook in the market is positive, QCP stated that inflation in Japan continues to weaken and headline inflation has decreased from 3.0 percent to 2.5 percent. Markets are focusing on the fact that the Bank of Japan will not increase interest rates in the near future. According to QCP, the macroeconomic outlook in Japan keeps BTC strong. The report included the following statements; “The fact that US stocks are near all-time highs and the Japanese yen has entered a new weakening trend indicates that risk perception will strengthen further as the US elections approach. This will push risk assets even higher and “Uptober” will continue.” #CryptoDeNostradame #ParrotBambooCrypto
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“XRP may be thrown in the choppy sea” Bitget chief analyst Ryan Lee evaluated the course of the XRP price along with the developments between the SEC and Ripple. According to crypto analyst Lee, the latest objection made by the US regulatory body SEC against Ripple may distance market participants from XRP in the short term. The analyst thinks that XRP, which is classified as a “risky asset” due to the litigation processes, will start to lose blood. Referring to the speculations that XRP will rise, Lee argued that the popular altcoin will not be able to rise amid the current uncertainties. The analyst predicted that the XRP price will fluctuate between $ 0.50 and $ 0.80. Bitget crypto analyst Ryan Lee argued that the $XRP price will not exceed $ 0.80 for the rest of 2024. The SEC's move against Ripple shook the crypto market. The SEC appealed the case, which resulted in Ripple's victory. The move was met with a response from Ripple that “we will continue to fight.” The SEC did not appeal the decision that XRP was not a security. In its appeal, the SEC asked the court to review the decision regarding Ripple’s $XRP sales on exchanges and the personal sales of Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. The legal process, which is considered by the XRP community to have “no major impact,” could affect the XRP price, according to Lee. The analyst thinks that legal uncertainty will increase price volatility in the popular altcoin. Lee noted the following; “The price of XRP is likely to fluctuate between $0.50 and $0.80 by the end of the year, but this forecast is highly dependent on regulatory developments, especially in the US market, and changes in the crypto market.” Ripple’s chief legal officer Stuart Alderoty claimed that the litigation processes will extend until July 2025. #CryptoDeNostradame #ParrotBambooCrypto
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The five highest-rising altcoins of the day were surprising: New names! After an eventful week, these altcoins made a strong start to the weekend. Here are the best performances of the last 24 hours... Big Time (BIGTIME), a multiplayer RPG game created with an open game economy, was the highest-rising altcoin of the day. BIGTIME, which was launched with a Web3 and play-to-win model, broke its silence days later. The game project increased by 25 percent in the last 24 hours. According to CoinGecko data, BIGTIME recorded a trading volume of $292 million in the last 24 hours. BIGTIME's market value exceeded $192 million. Yield Guild Games (YGG), a community-focused Web3 game project, was another game project at the top of the day. The play-to-win token increased by 14.2 percent in the last 24 hours. YGG recorded a trading volume of $92 million in the last 24 hours, reaching a market value of $215 million. Layer-1 and smart contracts platform ZetaChain (ZETA) reached the top by increasing by 12.5 percent in the last 24 hours. ZETA, one of the highest-rising altcoins of the day, managed to attract attention. ZETA, which has a market value of $320 million, recorded a trading volume of $88 million in the last 24 hours. Axie Infinity (AXS), the most popular and oldest altcoin in the play-to-win category, increased by 12.3 percent in the last 24 hours. AXS, which was activated by BIGTIME and YGG reaching the top, managed to get out of the dusty shelves of history. $AXS was one of the stars of the 2021 bull. AXS, which recorded a trading volume of $187 million in the last 24 hours, has a market value of $795 million. Decentraland ($MANA ), one of the leading names in the crypto Metaverse movement, was one of the highest-rising altcoins of the day. Focusing on the virtual universe area and creating a wide world, MANA shone in the 2021 bull. MANA increased by 11.8 percent in the last 24 hours. MANA reached a market value of $ 630 million by recording a trading volume of $ 119 million in the last 24 hours. #CryptoDeNostradame #ParrotBambooCrypto
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Memecoin bull continues: Watch out for these 5 altcoins! Bitcoin (BTC), which has exceeded $ 68,000, has triggered sharp increases in the memecoin market. Bitcoin (BTC), which has reached $ 69,000, has paved the way for major increases in the memecoin market. Four of the five highest-rising altcoins of the day were memecoins. Crypto investors seem to have increased their interest in projects in this area. 1- Popcat (POPCAT) POPCAT, the pioneer of cat memecoins, continues its rise independently of Bitcoin. The popular memecoin, which increased by 14 percent in the last 24 hours, has made its mark at the top of the list. As the cat memecoin trend continues, sharper increases can be observed in POPCAT. 2- Dogecoin (DOGE) Developments regarding Elon Musk have mobilized Dogecoin (DOGE). The popular altcoin, which increased by 10 percent in the last 24 hours, was included in the list from the second place. If Elon Musk talks about DOGE, more volatile price movements can be observed in the parity. 3- cat in a dogs world (MEW) Another popular name of cat memecoins, MEW, showed a performance of 9 percent in the last 24 hours. MEW, which has been in an uptrend for a few days, is closely following the Bitcoin price. MEW investors should focus on the price movements in BTC during this process. 4- Injective (INJ) INJ, listed on the crypto exchange UpBit, increased by 7 percent in the last 24 hours. The popular altcoin, which was included in the "Most Increased" list after a long time, gave the green light to the bull season. Developments in the Injective ecosystem seem to play an important role in the INJ price. 5- Mog Coin (MOG) MOG, which exploded with the cat memecoin craze, increased by 7 percent in the last 24 hours. MOG, which has outperformed most altcoins, has naturally excited its investors. Increasing money inflows into altcoins such as POPCAT and MEW could trigger MOG upwards. #CryptoDeNostradame #ParrotBambooCrypto
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Critical development in Worldcoin (WLD): How will it be reflected in the price? The Sam Altman-backed Worldcoin ($WLD ) project has changed its name to World Network, or World for short, as part of its rebranding. With this change, the project launched its World Chain mainnet, an Ethereum-powered Layer 2 blockchain network, on Thursday. Platforms such as Optimism, Alchemy, Uniswap, Safe, Dune and Etherscan will support the launch of World Chain. In a statement made by World to The Block, the reason for the change in the project name was explained as follows: “As the scale of the project grows along with the proof of human protocol of World ID, the name ‘Worldcoin’ no longer fully reflects our mission, our goal of empowering every human being.” The project has three main pillars: World Chain, World ID and Worldcoin. The main goal is to create a future that places humans at the center of artificial intelligence advancements by building a network of verified real humans. Worldcoin was launched in July 2023 and offers users a digital identity solution called World ID, which allows them to verify their identity online and on-chain. Users can obtain this digital passport and the project’s native token, WLD, by verifying their biometric data (such as an iris scan) via a metal sphere. World Network claims to have received more than 10 million registrations in 160 countries. The development team behind the project is led by Tools For Humanity. This team was founded by Sam Altman, who is also the CEO of OpenAI. World Network stands out as a project that aims to distinguish humans from automated actors in the digital world where $AI chatbots and assistants are increasingly common. #CryptoDeNostradame #ParrotBambooCrypto
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