October's historically positive trend for Bitcoin ("Uptober") is being challenged by current bearish market sentiment.

More to your point, Bitcoin has seen price increases in 9 out of the last 11 Octobers but it is down 4.7% so far this month.

However even today some can take into account a short-term comeback at mid-October patterns if any.

The early days of the month of October indicate that the frequency of using the word Uptober, a bull name for the BTC and other altcoins, has significantly reduced. Santiment, a provider of on-chain analytics, has shown data according to which traders expect less of the typical October rally and demonstrate overall bearishness in the market. This change in sentiment follows several months of month-on-month decline which prompted some to dub it ‘Selltober’ or ‘Octobear’.

https://twitter.com/santimentfeed/status/1841985637525733712 Bitcoin's Historical Performance in October

Historically, October has been a favorable month for Bitcoin. Over the past 11 years, Bitcoin has seen price increases in nine of those Octobers, with significant gains recorded in the last five consecutive years. In some cases, the cryptocurrency has posted monthly growth rates ranging between 5.5% and 40%, even during broader market downturns. 

This pattern of October price increases led to the term “Uptober,” highlighting the month’s historically positive trend for Bitcoin.Despite this historical precedent, the current market conditions seem far less favorable. And bitcoin has already declined by about 4.7% since early October. 

The cryptocurrency has slid from a monthly high of $64,000 to this price level just above $60,000. The broader crypto market has also been on a rough workout as its market cap has decreased by roughly $200 billion from the beginning of the month. This means that the total value in the market has fallen by 8 percent and the market capitalization is back to where it was mid-September.

Declining Sentiment But a Potential Rebound?

However, there are signs that we may see a bull run soon in the short timeframe, according to Maksim Balashevich, the founder of Santiment. Balashevich points to the pattern ‘’Uptober’‘ in previous years, but notes that uncertainty about the end of downtrend. 

There are reports from analysts waiting to know if this year is going to follow a similar pattern as mid-October is usually seen as the ‘crypto market bounce back’ period. “I expect a fluctuation in this year depending on investors’ response to externalities and basic market benchmarks.

The post Crypto Traders Brace for ‘Selltober’ as Market Sentiment Sours appeared first on Crypto News Land.

Bitcoin’s price drop and the SEC’s appeal in the Ripple case has led to a fall in sentiment.

One analyst explains why and how the SEC’s appeal cannot trigger a prolonged bear market.

He goes on to list the many bullish indicators that will result in a high XRP price.

Bitcoin’s dip and the SEC appeal in the Ripple case has led some traders to FUD expecting a prolonged bear reversal for the crypto market. While most analysts highlight bullish indicators like completed bullish chart signals, the Fed rate cut, the US Presidential elections, and many more signs, one analyst goes on to explain why XRP alone won’t cause a bear fall. 

https://twitter.com/Bobby_1111888/status/1841942353298538983 The SEC’s Decision and Repercussions 

Despite the SEC’s decision to appeal the Ripple case, macro trends suggest that this won’t trigger a long-term bear market for XRP. Historically, XRP has surged even amid legal challenges, such as during the 2020 lawsuit when its price rose from $0.11 to $1.95. Technical indicators show that XRP has been consolidating and building a macro base for nearly seven years, positioning it for another potential price rally.

XRP Remains Bullish Despite the Challenges

The Bollinger Bands, a key volatility indicator, are tighter than ever in XRP’s history, signaling that a large price move could be imminent. Past trends suggest that initial moves following periods of low volatility are often deceptive, designed to catch traders off guard. However, these movements have historically resulted in significant upward momentum for XRP.

Additionally, XRP’s legal clarity and upcoming ETF make it a strong contender for mass adoption, which could propel its price even higher. On the political front, if Donald Trump wins the upcoming U.S. election, it’s likely that current SEC Chair Gary Gensler will resign, potentially leading to market optimism, particularly for XRP.

While the SEC’s actions may temporarily suppress XRP’s price, charts suggest it won’t be long before XRP breaks out, potentially marking the end of the SEC’s influence on the asset’s value. Investors are advised to focus on long-term trends and remain patient, as XRP continues to present opportunities for substantial growth.

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Institutional investors drive growth, viewing cryptocurrency as a hedge against traditional market risks, boosting liquidity.

Retail investors return, encouraged by stabilizing Bitcoin and Ethereum prices and easier access through user-friendly platforms.

Ethereum dominates DeFi space, with rising demand for decentralized applications and NFTs, bolstered by scalability upgrades.

According to CoinMarketCap’s latest report, the cryptocurrency market experienced strong growth in Q3 of 2024. The crypto market despite the inflationary pressures and global economic challenges, remained resilient. The growth was fueled by rising institutional investments and rising demand for decentralized finance solutions. 

However, Bitcoin and Ethereum made major contributions to this upward trend. Additionally, the increased involvement of retail investors helped boost trading volumes, and it helped improve the overall market performance.

Surge in Institutional Cryptocurrency Investments

Institutional investments increased considerably during the third quarter, playing an important role in the market's growth. More financial institutions and organizations have begun investing resources in digital assets. They see cryptocurrency as an important hedge against traditional financial market risks. 

This change has added major liquidity to the market. Consequently, Bitcoin remains the preferred option for many institutional investors. Its reputation as a digital store of value has strengthened its position in global portfolios.

Retail Investors Return to the Market

The report also highlights the increasing trend of retail investment. A number of individual investors have returned to the market and are showing greater confidence that cryptocurrency will prosper in the future. Major cryptocurrencies such as Bitcoin and Ethereum have drawn the retail traders back by their stabilizing prices. 

Though smaller than institutional inflows, this influx of smaller investments has been driving the market forward. Furthermore, user friendly trading platforms have made it easier for new participants to access the market.

Ethereum’s Role in DeFi and Blockchain Development

According to the report, Ethereum also continues to dominate the decentralized finance space. As decentralized applications and financial services take shape, its blockchain infrastructure continues to be at the center of this development. More users are looking to access DeFi projects and NFTs so the demand for Ethereum, Tron, and Solana has increased. 

Source: CoinMarketCap

Ethereum upgrading to improve scalability has also seen increased investor interest. This has positioned it to occupy a prime position in the overall crypto market environment, especially as blockchain continues to advance.

Q4 Stability and Bitcoin Surge Ahead

Looking ahead, Q4 could bring more stability to the crypto market, with predictability being a key focus. Events like the U.S. election in November may help reduce uncertainty, setting the stage for a stronger market. 

Historically, Bitcoin has performed well in Q4, averaging a 90.33% price increase over the past decade. Given the relatively low price entry into this quarter, there's a strong possibility of a significant price surge, potentially driving Bitcoin toward a new all-time high.

The post Cryptocurrency Market Sees Significant Growth in Q3 2024 Despite Global Economic Pressures appeared first on Crypto News Land.

Terawulf sold its 25% stake in Nautilus Bitcoin mine to Talen Energy for $92 million.

Terawulf will reinvest in a 20MW AI and HPC facility at its Lake Mariner site.

Terawulf aims to reach 13 EH/s by Q1 2025 with ongoing projects in New York.

Terawulf, a Bitcoin mining company, recently sold its 25% stake in Pennsylvania's Nautilus Bitcoin mine. The mine is powered by nuclear energy. The $92 million deal was signed with Talen Energy, its joint venture partner. Moreover, the partnership allows Terawulf to focus on expanding its Bitcoin mining and AI operations.

https://twitter.com/WuBlockchain/status/1842022907486371988 Details of the Terawulf Transaction

On Thursday, the company completed the sale and confirmed it occurred before the power contract, which offers a competitive rate of $0.02/kWh and expires in June 2027. Additionally, the sale includes $85 million in cash and 30,000 Bitcoin miners valued at $7 million. The money will be used to build a 20 megawatt facility called CB-1 at Terawulf's Lake Mariner location in New York. The move comes as the Chinese Bitcoin mining pools continue to dominate the global hashrate.

Focus on AI and Bitcoin Mining

Terawulf plans to host HPC and AI data centers at the CB-1 facility, which is expected to open by Q1 2025. This move aligns with the company's strategy to expand its power capacity and venture into both AI and Bitcoin mining.

The Nautilus joint venture produced around 20% of Terawulf’s total Bitcoin output. In August, Terawulf mined 147 BTC from its fully owned Lake Mariner facility and 37 BTC from the Nautilus JV. It also generated 16 BTC equivalent through demand response activities. The total hashrate from the Nautilus facility was approximately 1.65 exahashes per second (EH/s). The company has contributed to the growing US mining pools which have grown to 40% of the total global hash rate.

Expansion Plans in New York

Terawulf has not yet revealed how it plans to allocate or relocate the existing hashrate from the Nautilus site. However, the company reiterated that construction is ongoing at the MB-5 mining site in New York. This development is expected to help Terawulf reach its target of 13 EH/s by the first quarter of 2025.

As of August 30, Terawulf had around 10 EH/s of installed hashrate, including the production from Nautilus. In addition, the company also reported an average power cost of $0.044/kWh, demonstrating its cost-efficient operations.

The post Terawulf Sells $92M Stake in Nautilus Bitcoin Mine to Focus on AI and HPC Expansion appeared first on Crypto News Land.

Near Protocol (NEAR) and Tron (TRX) are both down this week in sudden reversals of previous rallies. These reversals have investors dumping their holdings and looking for other top altcoins to rotate capital in. Many have turned to Rollblock’s (RBLK) crypto presale. This crypto casino just made headlines with a 200% gain for early adopters and another 100x growth projected for 2024 alone.

Cloud Computing Insufficient to Save Near Protocol

The Near Protocol price had been enjoying a resurgence this week before it was suddenly cut short. Near Protocol was up over 10% on the week before yesterday’s reversal sent it to 12% down for the week instead.

The Near Protocol price rally was driven by the hope that it could break away from the dominance of the top two Layer 1 blockchain ecosystems. However, it now appears that Near Protocol’s cloud computing specialization will not be enough to spare it from the same fate as most other small Layer 1 blockchains. Currently, Near Protocol sells for $4.50 with a 5.4% intraday decrease.

Tron’s GameFi Resurgence Cut Short by Reversal

The Tron price rally this week was driven by action in a completely different sector. The GameFi sector has been shaken up recently by legal trouble for the Telegram Open Network (TON) that Tron was positioned to exploit.

TON had been eating into Tron’s market share for weeks before its sudden legal trouble sent it tumbling. However, the resulting 10% increase in the Tron price for the week, completely evaporated yesterday in a sudden reversal.

Rollblock’s ERC20 Gambling Token Set to Change the Game

These reversals for Near Protocol and Tron happened just as Rollblock’s crypto presale was going viral. This top altcoin recently hiked its price by 15% going into its seventh presale stage, which marked a 200% return for its earliest adopters.

Investors drawn in by these presale returns were even more surprised that this ERC20 token is marked for the largest growth in what is left of 2024.

Rollblock’s staggering growth estimates are the result of it being poised to revolutionize the $500 billion global gambling industry. Rollblock already has over 20,000 players enjoying 7,000 different games on its crypto casino platform, and hundreds more are joining each day.

New investors are most excited to learn about the amazing potential of Rollblock’s unique ERC20 gambling token.

Rollblock realized that profit sharing was the best source of player growth and that any diverted revenue would be easily recouped from the additional players it drew in.

That is why Rollblock pumps 30% of the casino’s own daily revenue back into its ERC20 token through open market buybacks. Half of these tokens are burned immediately to enforce a deflationary trend, while the other half are held back to use as staking rewards with generous APYs.

Rollblock is now in the seventh stage of its crypto presale and selling tokens for $0.03.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino 

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The post NEAR And Tron Price Reversal Drives Masses To ERC20 Token Up 200% For Early Holders appeared first on Crypto News Land.

Bitcoin (BTC) price dips to $61,000 leading to one analyst predicting another bottom.

He expects BTC to dip to $57,000 before heading towards setting trend highs. 

Altseason with new altcoin ATHs expected to arrive Q1 2025.

Bitcoin price dropped to the $61,000 price range opening a not-very-bullish start to Q4. The crypto market, especially in Bitcoin Halving years, is expected to make bullish green waves in Q4. This time, crypto analysts are expecting the price of Bitcoin to set new highs possibly between the $80,000 to $100,000 region. 

Bitcoin Signals Another Bottom Before a Higher High

https://twitter.com/CryptoBullet1/status/1841835050809139540

According to one analyst, Bitcoin (BTC) may print one more dip this month before shooting up to set new cycle and trend tops. As we can see from the post above, the reputed analyst Crypto Bullet shares his expectation for the pioneer crypto asset’s next big move before its inevitable pump for Q4.

In detail, the price of BTC is exploring the analyst’s Blue Zone ($59,000-$60,000) that he pointed out 5 days ago when BTC was trading at $65,000 and everyone was bullish. Now the analyst believes BTC price can go a bit lower, possibly after a small bounce. He hopes to see the BTC price of the September 16 low at $57,500 taken out and expects that the $57,000 dip will be the ultimate low for the month.

https://twitter.com/CryptoCon_/status/1841871403567514106 Bitcoin’s Q4 Bull Pump Means a Q1 Altcoin Pump

Meanwhile, another analyst declares that the bull market will begin in 2 months that is November 28, 2024 to be exact. This will likely be a wave followed by the US Presidential elections. Also, the chart predicts a repetitive pattern that’ll lead to a major price pump for Bitcoin (BTC), and eventually the greater crypto market.

Lastly, one crypto enthusiast, Lady of Crypto, reminds the market to be patient for altseason. The bullish action of Q4 is particularly for Bitcoin (BTC). The sentiment for a Q4 altseason is high but this enthusiast uses historical action to remind traders on a likely Q1 pump for altcoins.

The post Analysts Discuss Bitcoin’s Next Bottom and Timeline for Next ATHs, Altseason Could Arrive Q1 appeared first on Crypto News Land.

Sophon secures $70M with Binance Labs backing, aiming to launch a seamless, consumer-focused Layer 2 network for everyday web3 use.

With native account abstraction and gasless transactions, Sophon targets retail users, making blockchain more accessible and user-friendly.

Sophon’s partnerships with Aethir, Azuro, and Beam position it as a leader in integrating web3 into lifestyle apps like gaming and social networks.

Binance Labs has contributed to Sophon, an elastic chain based on Layer 2 zkSync, increasing its total capital to more than $70 million. This investment, made possible by a Simple Agreement for Future Tokens (SAFT), develops a Layer 2 network that is focused on the needs of its customers. The network's main goal is to incorporate web3 into apps used in daily life. With its mainnet launch set for next month, Sophon is poised to compete with ecosystems like Solana and Base.

Unlike generalist liquidity hubs such as zkSync and Arbitrum, Sophon prioritizes a seamless user experience. It aims to engage retail users by focusing on platform and product development, with features like native account abstraction and gasless transactions. Sophon's vision is to integrate decentralized applications for gaming, social networks, and ticketing, making blockchain accessible to the masses.

https://twitter.com/Crypto_TownHall/status/1841921806497939712 Key Features of Sophon's zkSync Elastic Chain

Sophon leverages Matter Labs' ZK Stack framework to differentiate itself from its competitors. Its modular, open-source design allows for flexibility in development. Moreover, Sophon introduces native account abstraction, enhancing usability by simplifying account management. Besides, its gasless transactions further improve the user experience, enabling smoother interactions with blockchain technology.

The SOPH token, set to launch alongside the mainnet, will serve as the base gas token for the ecosystem. Additionally, Sophon’s ecosystem will initially include partnerships with projects like Aethir (AI), Azuro (predictions), and Beam (gaming). Consequently, these collaborations will strengthen Sophon’s position in the web3 space.

Expanding the Ecosystem and Retail Focus

Besides the $70 million funding, Sophon’s growing team, currently at 20 people, plans to expand further. The project seeks to hire senior developers and business personnel, especially in the Asia Pacific. Significantly, Sophon's retail-driven approach and partnerships set it apart from traditional blockchain projects.

Moreover, with Binance Labs backing its development, Sophon is well-positioned to become a leading player in consumer-focused web3 applications. Hence, its ability to merge lifestyle solutions with blockchain could revolutionize user engagement in decentralized ecosystems.

The post Binance Labs Fuels Sophon’s $70M Journey Toward Retail-Focused Web3 Revolution appeared first on Crypto News Land.

Blockchain and politics may go through disruption if Satoshi Nakamoto is exposed in HBO's upcoming documentary.

A new documentary on the identity of Satoshi Nakamoto approaches release, and movement in idle Bitcoin wallets adds to the intrigue around him.

Supporters of Nakamoto's decision to remain unknown disagree, with some people remaining neutral.

Bitcoin founder, Satoshi Nakamoto is to be identified in the HBO documentary whereby on Tuesday at 9 p.m.EST the film, which is directed by Cullen Hoback, will be screened next week. Should the claims hold water, they may alter the political narrative and the Bitcoin market. Hoback became popular for his studies of the QAnon movement and intends to identify the individual who goes by the pseudonym that has confounded people all over the world since the founding of Bitcoin in 2009.

https://twitter.com/WatcherGuru/status/1841901176562094484 A New Investigation on Satoshi's Identity.

Although details are undisclosed, the documentary allegedly includes new proof. The idea in cryptography Bitcoin has developed into an asset class valued at $1 trillion. Who specifically Satoshi Nakamoto is one of the most contentious issues in the Bitcoin community.  

This story takes on even more curiosity from activity in dormant Bitcoin wallets. Wallets that had not been used since 2009 saw about 250 Bitcoin, or over $15 million, transferred recently. Although these wallets are not definitively connected to Nakamoto, their reactivation coincides suspiciously with the documentary's release.

The Implications of Revealing Nakamoto

Consequently, many are watching the cryptocurrency market closely as excitement builds around the film. Notably, Nakamoto is estimated to hold about 1.1 million BTC. This amount would make him one of the wealthiest individuals globally if he still possesses the coins. 

As speculation about Nakamoto’s identity resurfaces, the Bitcoin community is deeply divided. Some believe that revealing his identity undermines the cryptocurrency's ethos. Peter McCormack, a prominent Bitcoin podcaster, highlights this sentiment. He argues that Nakamoto's decision to remain anonymous should be respected.

Moreover, the documentary's timing raises questions about Bitcoin's future intersection with politics. Former President Donald Trump has garnered support from Bitcoin advocates. Hence, discussions surrounding regulation may intensify as the documentary unfolds. Over the years, various individuals have claimed to be Nakamoto. Notable figures include Craig Steven Wright, who failed to provide definitive proof of his identity.

The post Satoshi Nakamoto’s Identity Unveiled in HBO Film Searching Bitcoin’s Creator appeared first on Crypto News Land.

PEPE’s Bullish momentum is attracting both retail and institutional investors in droves.

SHIB whale activity surged 2,944%, indicating confidence and potential price rally ahead.

Unlocking 18.53 million ADA tokens could positively impact price and market standing.

Web 3.0 leverages blockchain technology to create decentralized protocols and applications through cryptocurrency tokens. With the anticipated rapid growth of Web 3.0 cryptos over the next decade, this guide reviews three web 3.0 altcoins to thrive in Q4 of 2024 and beyond: PEPE, SHIB, and ADA.

Pepe (PEPE): Riding the Bullish Wave

Source: Trading View 

Priced at $0.000085 as of writing, Pepe (PEPE) boasts a market cap of $3.61 billion, securing the 25th position in overall rankings. The last 24 hours have seen trading volumes soar to $1.18 billion, indicating heightened interest among investors.

PEPE’s total circulating supply stands at 420.69 trillion tokens, making up its entire supply. The fully diluted market cap mirrors this figure, suggesting stability in a volatile environment. 

After recovering from previous lows, PEPE has attracted both retail and institutional investors. Meme coins are once again gaining traction, investors are eager to explore this niche, and PEPE is emerging as a leading contender.

Shiba Inu (SHIB): Whale Activity Signals Opportunity

Source: Trading View 

Shiba Inu (SHIB) has seen a remarkable shift in whale activity, with netflow surging 2,944% in just 24 hours. This increase suggests growing confidence among large holders, hinting at a potential price rally for this popular meme coin.

Data from IntoTheBlock indicates that 322.7 billion SHIB tokens flowed into a whale wallet, a stark contrast to the previous day’s -10.96 billion. The surge in token transactions signifies a bullish sentiment among whales.  

Additionally, SHIB has bounced back from a six-month decline, climbing over 40% to reach a peak of $0.0000217. This shift in sentiment may suggest more positive movements ahead for SHIB.

Cardano (ADA): Unlocking New Potential

Source: Trading View 

On October 2, Cardano will unlock 18.53 million ADA tokens, roughly 0.5% of its total supply. This release is estimated to be valued at around $7.37 million, generating excitement within the Cardano community.

The implications of this token release are significant. Notably, analysts predict that this unlock could positively impact Cardano’s price and market standing.

PEPE, SHIB, and ADA stand out as promising Web 3.0 projects to keep an eye on in Q4 and beyond. Their recent developments and market trends suggest they could shine brightly in the evolving cryptocurrency landscape.

The post 3 Web3 Projects Poised to Thrive in Q4 and Beyond: PEPE, SHIB, ADA appeared first on Crypto News Land.

PEPE surged 60%, standing out amid declining altcoins like SOL and XRP.  

Strong community support and performance signal PEPE's serious investment potential in 2025.  

PEPE's resilience and growth may lead it to dominate the crypto market in 2024.  

PEPE has emerged as one of the fastest-growing in the crypto landscape. While many meme coins often soar and then plummet, PEPE is holding ground.  

In the past six months, PEPE surged by an impressive 60% while other altcoins dipped. Following its recent stellar performance, experts predict PEPE might outshine SOL and XRP to dominate the crypto market in 2025.

Pepe Coin: The Rising Star

Source: Trading View 

Pepe Coin’s journey has been nothing short of extraordinary. Its ability to maintain value amidst market volatility is a strong testament to its potential and investors have noticed. 

The coin's popularity stems not only from its meme origins but also from its community support and consistent performance. Unlike most meme coins, which often rely solely on social media hype, PEPE has cultivated a dedicated following. This enthusiasm translates into tangible value.

 As a meme coin, PEPE might seem whimsical, but its recent performance signals serious investment potential. The crypto market has seen a shift and meme coins are becoming valuable assets.

Solana: A Solid Player Losing Ground

Source: Trading View 

Solana (SOL) is popular due to its speed and efficiency. With a current price around $135, it has solidified its reputation in the crypto market. Its high transaction speeds and low fees appeal to many users. 

However, Solana may not match PEPE’s recent performance even though it boasts impressive technology. Investors seeking significant returns might find more value in PEPE than in Solana’s steady growth.

Ripple (XRP): Reliable Yet Limited

Source: Trading View 

Ripple (XRP) is a popular low-cost cross-border payment solution. Ripple's partnerships with major financial institutions has enhanced its credibility and reputation. 

Currently priced at about $0.50, Ripple has maintained stability. Yet, Ripple lacks the explosive growth potential that attracts investors to PEPE, despite its utility. 

As the crypto landscape continues to evolve, investors should carefully evaluate their options. For now, PEPE stands out as a vibrant choice, ready to lead the way in 2025.

Although SOL and XRP have their merits, PEPE is emerging as the frontrunner. With its recent performance and growing popularity, PEPE will continue dominating the crypto market in 2024 and beyond.

The post Experts Foresee PEPE Outshining SOL and XRP in 2025 appeared first on Crypto News Land.

Bitcoin dips nearly 2% as geopolitical tensions rise and whale selloffs increase.

Whales moved 5,000 BTC to exchanges, signaling potential sell pressure.

Analysts warn of further drops unless Bitcoin breaks the $71K resistance level.

Bitcoin (BTC) continues to navigate choppy waters, slipping nearly 2 percent in the last 24 hours. After rebounding above the 50-day moving average, the flagship coin retested the crucial $60K support level. 

As fear swept the market, Bitcoin's fear and greed index dropped to 37 percent, signaling growing unease among traders. As the post below suggests, the possibility of a steep selloff below $50K looms, especially as geopolitical tensions escalate.

https://twitter.com/ali_charts/status/1841625964222283916?t=4K4mP0PiEMsUpxp2yRotDw&s=19 Whale Activity and ETF Selloffs Intensify

On-chain data reveals that Bitcoin whales are on the move, with nearly 5,000 BTC, worth about $300 million, flowing into centralized exchanges. This mass migration of funds, led by Coinbase Pro, suggests looming sell pressure. 

Market watchers also point to significant outflows from the U.S. Bitcoin ETFs, with BlackRock’s IBIT seeing a net loss of $13 million. Meanwhile, Grayscale’s GBTC and ARK’s Bitcoin ETF lost $27 million and $60 million, respectively. 

This heavy bleeding suggests that institutional confidence in Bitcoin may be waning. The volatility in Bitcoin reflects more than just whale behavior. Analysts are linking the sharp movements to global uncertainty. 

Tension in the Middle East and Europe have only fueled market anxiety. With the U.S. general election on the horizon, the crypto market’s future feels uncertain. Republican candidate Donald Trump has promised to turn the U.S. into a crypto hub, which could be pivotal to Bitcoin's recovery.

Support Levels Tested, What Lies Ahead?

Technically, Bitcoin isn’t out of the woods yet. Analysts believe that unless Bitcoin consistently closes above the July peak of $71K, a drop below $50K may be inevitable. Support may emerge between $58K and $54K, but traders remain cautious.

Additionally, rate cuts in the U.S. could breathe new life into the market. The broader economic landscape, shifting under the weight of global crises and changing policies, may catalyze a bull run soon. 

With more than 50 million crypto investors in the U.S., the political and economic shifts promise to shape the next phase of Bitcoin’s journey. For now, short-term technical outlook and market sentiment remains predominantly bearish for BTC.

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BONK dropped 12.5% after failing to break key resistance.

Investors expected a 92% rally, but market sentiment shifted.

BONK now faces bearish conditions with uncertain near-term outlook.

Solana meme coin Bonk (BONK) tumbled by 12.5% to $0.0000214 after failing to surpass key resistance at $0.00002400. Investors had anticipated a 92% surge, but the bullish breakout never materialized. 

As sellers moved in, BONK missed its chance for an impressive rally. With market sentiment shifting, the coin's near-term outlook now looks uncertain. BONK faces significant challenges, leaving investors wondering where it will go next.

Rally Stumbles at Critical Point

Investors have been eyeing BONK since early September, driven by positive capital inflows. The Chaikin Money Flow (CMF) indicator reflected growing confidence, hinting at a possible price surge. 

Yet, as BONK approached $0.00002400, optimism waned. The CMF indicator showed a downturn, signaling that sentiment had shifted. As selling pressure increased, the coin failed to break through the key resistance.

Market conditions further dampened hopes for a recovery. With broader sentiment turning bearish—as the post below highlights, investors pulled back. BONK’s price lost momentum, sinking instead of soaring. 

https://twitter.com/BlockStreetFi/status/1840782656776142853?t=T5FN80jeeP_Vk7NdAWBQ7A&s=19

If the price broke out, BONK might have seen an explosive 92% rally to its all-time high of $0.00004800. However, that didn't happen and the chance faded quickly.

Bitcoin Correlation Declines

The crypto landscape continues to shift, and BONK has struggled to stay afloat. BONK’s correlation with Bitcoin (BTC) fell to 0.48, marking a troubling trend. Altcoins with stronger ties to Bitcoin have benefited from its recovery. 

Unfortunately for BONK, this weaker connection leaves it adrift. Lacking Bitcoin’s broader market support, BONK struggles to find independent upward momentum.

Looking ahead, BONK's price action remains tied to key resistance levels. 

If the coin fails to hold support at $0.00002153, it risks entering a consolidation phase. That scenario could delay any potential rally, forcing investors to wait for stronger bullish signals.

According to experts, BONK must first break through $0.00002748 to regain strength. By flipping this resistance into support, BONK could exit this bearish zone. 

If the crypto market recovers, BONK might reverse course. Until then, investors should watch for any signs of a breakout to determine the next phase in BONK’s trajectory.

The post Bonk Dips 12.5% Following 92% Rally Miss: What’s Next for BONK? appeared first on Crypto News Land.

Pro-crypto voters significantly influence U.S. elections, with 92% committed to voting on November 5.  

49% of U.S. voters prioritize candidates' pro-crypto stances when evaluating their options.  

In swing states, 34% of voters support candidates crossing party lines for crypto policies.  

A new survey by Consensys and HarrisX reveals a pivotal trend in the upcoming U.S. election. As cryptocurrencies continue to reshape the financial landscape, their impact on voter behavior cannot be overlooked. 

The data shows that pro-crypto voters are becoming a powerful force in determining election outcomes. This signals a significant shift in political priorities.

https://twitter.com/EleanorTerrett/status/1841879064849625252 The Crypto Voter Surge

The findings reveal that 92% of crypto holders plan to cast their ballots on November 5. This statistic underscores the urgency and commitment within the crypto community. 

Furthermore, 49% of all U.S. voters now consider a pro-crypto stance crucial when evaluating candidates. Remarkably, voters express a willingness to cross party lines by 13% in pursuit of favorable crypto policies. 

This shift signifies an evolution in voter expectations and priorities, as the demand for supportive legislation grows. In swing states, this trend becomes even more pronounced. 

In Pennsylvania, 34% of voters are open to supporting candidates from opposing parties if they advocate for pro-crypto policies. Meanwhile, Wisconsin witnesses a surge in crypto interest among blue-collar voters. 

Here, 40% of voters believe the Republican Party will be more favorable to crypto policy. The political implications are clear: candidates must adapt or risk alienating a significant voter base.

Candidates and Crypto Policies

Support for pro-crypto stances among major candidates illustrates the growing importance of this issue. A striking 56% of voters endorse Donald Trump’s pro-crypto stance. Furthermore, one-third of those voters say they are more likely to support him due to his stance. 

In contrast, 54% of voters urge Kamala Harris to clarify her position on cryptocurrencies. The pressure mounts for candidates to articulate their strategies surrounding this rapidly evolving sector. 

As the election approaches, the power of pro-crypto voters looms large. Their collective voice may reshape traditional party lines and redefine campaign strategies. 

The intersection of cryptocurrency and politics reflects a broader societal shift. Politicians who embrace this wave might Garner immense support in the polls. In an increasingly digital age, the influence of the crypto voter will be impossible to ignore.

The post New Survey Highlights the Influence of Pro-Crypto Voters in the U.S. Election appeared first on Crypto News Land.

XRP faces critical market uncertainty amid SEC appeals, impacting investor sentiment and strategies.

Charts suggest potential recovery, highlighting key support levels for cautious investors.

Traders must adjust their strategies to navigate the shifting market dynamics.

As uncertainty looms over the cryptocurrency market, XRP faces a critical moment. The recent SEC appeal has created waves of anxiety among investors. However, the charts reveal a different narrative as the post below suggests. 

Instead of despair, the charts hint at potential opportunities for those willing to risk. The post further emphasizes that a retest is not only expected but also imminent. That said XRP investors must stay alert to navigate this evolving landscape effectively.

https://twitter.com/egragcrypto/status/1841772074685104602 Analyst’s Wake-Up Call for XRP Investors

The above post highlights that despite the prevailing negativity, XRP's chart signals a recovery. Investors often feel overwhelmed, thinking the SEC's actions spell doom for the cryptocurrency. 

Yet, the charts tell a different story. Egrag’s post underscores the range of $0.5428 to $0.5375, suggesting that this zone remains relevant. The repeated mention of “retest” may feel redundant, but it carries significant weight. 

Charts act like living organisms, breathing hints about future movements. They signal opportunities that can lead to substantial gains if interpreted correctly. 

Egrag’s analysis suggests that the critical support levels could be the lifeline XRP needs. The current price movements create an atmosphere of cautious optimism. Egrag encourages investors to keep their eyes on the prize and not to lose hope.

A Path Forward: Navigating the Uncertainty

Egrag’s insights show that the anticipated retest might offer a strategic entry point. Investors should adjust their strategies instead of succumbing to fear.

The current sentiment does not dictate future outcomes. While the SEC's appeal may seem like the end of the world, the charts reveal a different tale. 

As crypto market conditions shift, XRP could either recover or struggle. However, understanding the market dynamics is crucial for successful trading. 

Egrag's analysis can help investors navigate the complexities of this unpredictable landscape. Ultimately, staying informed and adapting to changing conditions could unlock new opportunities for those brave enough to embrace the uncertainty.

The post Beyond the SEC: Analyst’s Insights on XRP’s Path to Recovery appeared first on Crypto News Land.

Do you recall when one could only dream about such snippets of investing, available only for the ultra-rich, and be part of major physical activities like piling tangible goods that are less than the amount required to put in? It is not merely a matter of buying and selling Crypto anymore; it’s about changing how ownership and investment opportunities are structured in the digital, decimated economy.

A newcomer to the blockchain ecosystem, Qubetics is disrupting the tokenised marketplace. Qubetics offers FRWA  (fractionalised real-world assets to individuals) as an investment in real-world deployable assets that appreciate over time. As this is happening, Ethereum continues to lay its brick while Arbitrum expands through active layer-2 scaling. The different projects present a holistic perspective of the future of the blockchain industry, with each of them contributing to the advancement of the industry in different ways.

Qubetics Marketplace: Real-World Asset Tokenization for the Masses

The Qubetics platform is revolutionizing the way digital finance ventures into tangible life assets. Tokenisation is an age-long idea in finance, but Qubetics is implementing it. Indeed, markets are being made through the tokenised aspects of non-tradeable tangible assets.

Qubetics Tokenized Marketplace: A Game-Changer for the Digital Economy

The Qubetics marketplace is based on RWA (real-world assets) tokenisation, which is how a claim over tangible assets such as property, commodities and even intellectual property is made liquid in digital tokens and allows for fractional ownership and trading. For example, let’s take a hypothetical case of investing in a real estate development project on a beachfront property. In the past, such investment opportunities were only available to big institutions and the rich. However, with Qubetics, minor persons can invest in such properties by buying specific portions of a tokenised asset.

Revolutionizing Ownership

Consider a real-life situation: one of the investors is willing to take equity in an upcoming tech park project. The entry barriers, regarding regulation and capital, would be pretty prohibitive to such an investor. However, with Qubetics, the investor can get part of the asset through fractionalisation and make returns as the property’s value appreciates. This feature changes the concept of investment opportunities from one embraced by the few to one in which the whole community is actively participating. They are common stocks, bonds, and real estate trusts or commodities that can easily be bought or sold without having the constraints of real estate transactions.

This new paradigm provides market access and sells her assets quickly. Suppose an investor in one of the tokens would like to leave and sell their token; neither of these activities would be prosaic because they would just make these transactions in the Qubetics marketplace. Such a situation brings another dimension to real estate or any other investment, as there is an increased appraised value of assets that has not previously existed in these activities.

A Long-Term Vision for the Future

In the next 5 to 10 years, Qubetics plans to reshape the digital economy by integrating the physical and digital investment spheres. Qubetics’s user base encompasses not just land or buildings but also a crowd of noisy exchanges—anyone with a mobile phone can easily step into trading with tangible, valuable assets. It bears witness to what is achievable with using blockchain technology in real situations and, more specifically, connecting the old and new financial systems.

Ethereum’s Latest Upgrade Brings Efficiency and Stability

Owing to its smart contract functionality and growing ecosystem, Ethereum is among the most dominating blockchains in the crypto space. A recent update made the network more effective and reduced user activity costs.

Ethereum Cancún-Deneb Upgrade

Ethereum finally declared its showcase Cancún-Deneb (Dencun) upgrade that the project enthusiasts have longed for. To ease congestion for the network users, some augments will be taken that will proceed with the current improvements, especially the proto-dank sharding. The Dencun upgrade marks a new milestone in the direction of Ethereum development, which concerns the two audiences – developers and end-users.

The timing of this upgrade could not have been more perfect than now, when the issues of scalability and soaring gas prices are bothering the ETH community. With the proto-dank sharding in place, it is hoped that enough transactions will be more efficiently and cheaply processed on the network. This upgrade is expected to lower the data price for rollups targeting dApps and make them cheaper to build and operate.

Still the most preferred platform by developers and enterprises, Ethereum has demonstrated that it is a highly adaptable platform by continually improving. As it adapts and grows within the blockchain ecosystem, it provides a perfect model for many innovations in developing smart contracts and DEFIs.

Arbitrum’s Continued Growth in Layer-2 Scaling Solutions

Arbitrum, a secondary solution to Ethereum, has developed quicker than others with its novel approach to solving the scalability problem. It does this by offering the option of processing some transactions off-chain, thus decreasing the traffic on the Ethereum mainchain while still providing adequate security and transparency.

Arbitrum Boosts DeFi Engagement with Nitro

Recently, Arbitrum activated the Nitro upgrade, which has changed the dynamics of their roll-ups, increasing their speed and efficiency levels. This has resulted in more DeFI activities as the various decentralized finance applications attracted more users owing to Lower fees and quicker processing. The more compressed the data is, the more the layer two solution achieves its real purpose. Yet, the spare parameter for the nitrogen upgrade is also data transmission. 

The effects of Nitro are already being felt as most projects have incorporated Arbitrum as their layer-2 solution. In improving DeFi applications, Arbitrum improves the DeFi user experience and, most importantly, encourages people to embrace DeFi by making DeFi applications more affordable and quicker. Considering that DeFi is gaining more users from mainstream adoption, it is easy to see where Arbitrum fits. Its ability to contribute will be invaluable in meeting the demands without any performance or security concerns.

Qubetics, Ethereum, and Arbitrum - Paving Diverse Paths for the Future

Qubetics, Ethereum, and Arbitrum can each be considered as having a role in improving blockchain technology and the digital economy in general. Still, each one, of course, has its touch. Qubetics, on the other hand, is aiming at bringing real-world assets into its revolutionary sword with its tokenised marketplace, opening up investments that were previously out of reach for anyone without these properties. Many improvements still seem to be made on Tetranode, as the latter focuses on continuously enhancing Ethereum as a platform to implement decentralized applications and is looking mainly at the Dencun upgrade as a bonus to this effort. At the same time, Arbitrum makes sure to strengthen the use of Ethereum through the relatively low-cost and efficient scaling solution.

Those who want to presale crypto nowadays can go with the TICS token, which is offered by Qubetics and is pretty appealing for raising funds. In what promises to be the most radical shift in the understanding of asset holders, do not waste time in the Qubetics presale. Be quick; the one who joins the presale will be a pioneer in the forthcoming change in the blockchain world.

For More Information

https://www.qubetics.com/

https://ethereum.org/

https://arbitrum.io/

Disclaimer and Risk Warning

This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.

The post Qubetics Marketplace Powers Up as Ethereum and Arbitrum Push Blockchain Boundaries appeared first on Crypto News Land.

Those DeSci projects are applying NFT in changing the ways scientific financing and research cooperation are conducted.

These initiatives are as varied as the missions in the lifetime extension, to the extra-terrestrial, and beyond.

By using blockchain technology, the transparency of the scientific process is being improved and the inclusion is enhanced.

Decentralized science (DeSci) projects have emerged in popularity in 2024, with multiple attempts to build on the blockchain and NFT concepts to revolutionize science and funding. This piece takes us through five extraordinary DeSci projects that are quickly becoming prominent in the crypto and scientific worlds.

VitaDAO: Pioneering Longevity Research

VitaDAO is at the cutting edge of extending human lifespans, with its use of a decentralized autonomous organization (DAO) to underwrite and drive anti-aging research. Thanks to this efficient model, token holders can vote on the distribution of funds for research themselves. As for the subject matter, VitaDAO holds NFTs that indicate investors’ shares in potential longevity solutions, which makes science combined with owning tokens.

AntidoteDAO: Reshaping Drug Discovery

AntidoteDAO is an organization that aims to provide access to drug discovery for anyone through the adoption of blockchain solutions. AntidoteDAO provides a decentralized way to share data and pharmaceutical development by creating tokens for research findings and ideas. Their NFTs act as funding vehicles and incentives for contributions and may transform society’s means of discovering new drugs and delivering them to the world.

SCINet: Decentralized Peer Review

SCINet is wholly tailored to address the challenges in the traditional scientific peer review processes. In this platform, smart contracts as well as non-fungible tokens are used to improve the academic publication process. Reviewers receive tokens for their reviews and NFTs for valuable feedback that are designed to bring quality reviews and minimize biases in published works.

Galeon: Tokenizing Space Exploration

Indeed, Galeon takes DeSci to new heights by expanding its content niche towards space science and exploration. Their NFTs therefore are the digital tokenized titles for fractional ownership of space industry projects, from satellite launch to resource mining in space. Its new approach enables individuals to fund and stand to gain from new developments in space innovation and research.

AthenaDAO: Empowering Women in STEM

Through its funding of women-led scientific research, AthenaDAO’s mission is to diversify STEM labor markets. Their NFT collections promote and support works by female scientists, thus making their market gender-inclusive for scientific innovations. AthenaDAO’s method also helps individual scholars but is also trying to solve the problem of funding and recognition inequality in science at the systemic level.

The post These 5 DeSci Projects Are Redefining Scientific Research with NFTs appeared first on Crypto News Land.

Investing in emerging tokens can often feel like a gamble, but history has shown us that seizing opportunities at the right moment can lead to extraordinary returns. One such opportunity is the current presale of ETFSwap (ETFS), priced at just $0.03846. This moment is reminiscent of the early days of Fantom (FTM) and Polygon (MATIC), both of which were available for a mere $0.01 back in 2020. 

ETFSwap (ETFS): The Next Big Thing In Crypto Space

ETFSwap (ETFS) is not just another entry in the crowded crypto market; it represents a revolutionary approach to trading through its innovative platform. Currently, in Stage 3 of its presale, ETFSwap (ETFS) offers market-making and perpetual trading services, allowing users to engage in continuous trading without the constraints of expiration dates. 

The platform stands out with its position size options, enabling trades of up to 50x leverage, which can significantly amplify returns. Furthermore, the absence of KYC requirements makes ETFSwap (ETFS) an attractive choice for small and medium investors who wish to avoid the cumbersome processes typically associated with traditional finance.

Security and privacy are paramount for ETFSwap (ETFS). The platform employs zero-knowledge (ZK) proof technology to make transactions remain confidential and secure. Collaborating with MiCa-compliant, licensed investment banks, ETFSwap (ETFS) guarantees that tokenized assets are underpinned by real-world securities, adding a layer of trust that is often lacking in the crypto space. Furthermore, The team has also proven its dedication to transparency by successfully completing KYC requirements with SolidPROOF, which guarantee trust among potential investors. Also, the integration of blockchain technology improves ETFSwap’s reliability and integrity, enabling trustless transactions and decentralized governance. 

However, the highly anticipated beta platform rollout is imminent. The Phase 1 backend has been developed robustly, with inventive UI testing set to unveil its capabilities soon. It will allow users to participate in liquidity pools and staking mechanisms, improving overall trading experience. Also, in Phase 2, the introduction of advanced trading tools will further empower investors, making this presale an opportunity that should not be overlooked.

Fantom (FTM): A Lesson From The Past

Fantom (FTM) made waves in the crypto community when it was just $0.01 in 2020, focusing on fast, secure, and scalable solutions for decentralized applications. Like ETFSwap (ETFS), Fantom (FTM) boasts unique features that attract a dedicated user base. Its ability to process thousands of transactions per second and low fees have made Fantom (FTM) a favorite among developers and investors.

Those who recognized Fantom (FTM) early were rewarded as its value skyrocketed. As ETFSwap (ETFS) enters the market, early investment could mirror Fantom's (FTM) success. Fantom (FTM) symbolizes innovation, and its remarkable growth highlights the potential of investing in promising projects like ETFSwap (ETFS). Additionally, Fantom (FTM) reminds us of the gains possible with timely investments.

Polygon (MATIC): Another Success Story

Polygon (MATIC) is another token that saw tremendous growth after launching at $0.01 in 2020. This layer-2 scaling solution for Ethereum improves transaction speeds and reduces costs, making Polygon (MATIC) essential in the DeFi ecosystem. Investors who recognized Polygon (MATIC) early on saw their investments multiply as the project gained traction.

Polygon's (MATIC) unique approach to Ethereum's scalability issues solidified it as a cornerstone of blockchain innovation. Similar to ETFSwap (ETFS), the potential of Polygon (MATIC) was clear from the start. As demand for cost-effective solutions rises, early investments in projects like ETFSwap (ETFS) could be lucrative, showcasing Polygon's (MATIC) impact on decentralized finance.

Conclusion: Seize The Moment With ETFSwap (ETFS)

Just as early investors in Fantom (FTM) and Polygon (MATIC) benefited from their foresight, those who see the value of ETFSwap (ETFS) now could achieve similar success. 

Meanwhile, ETFSwap (ETFS) presale tokens are selling quickly. Buy yours now at $0.03846 before they are much available on exchanges.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer and Risk Warning

This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.

The post Buying ETFSwap (ETFS) At $0.03846 Now Is Similar To Buying Fantom (FTM) And Polygon (MATIC) At $0.01 Back In 2020 appeared first on Crypto News Land.

BRC-20 tokens are moving to turn BTC not only into an electronic currency for Peer-to-peer payments.

These tokens cover different requirements: privacy, as well as the representation of assets in the blockchain.

The popularity of BRC-20 tokens may have an impact on the position of Bitcoin within the ecosystem.

The Bitcoin ecosystem has been extended with the appearance of BRC-20 tokens. These tokens, based on the Bitcoin blockchain, have been popular for the features they brought and the applications that might be launched. In this article, five promising BRC-20 tokens are explored that have recently drawn interest in the cryptocurrency market.

SATS Ordinals (SATS): Fractionalizing Bitcoin

SATS Ordinals is an upgrade that brought the concept of Ordinals to the Bitcoin blockchain, meaning that it is the foundational block of Bitcoin as a digital currency and can support minute micropayments. This token is intended to extend the utility underlying functionality of Bitcoin through the provision of the possibility to make transactions involving minuscule amounts. This means that SATS Ordinals might help in putting more uses of Bitcoin into retail and P2P consumer uses.

OXBT Ordinals (OXBT): Bridging Traditional Finance

OXBT Ordinals are designed to help initiate a connection between the normal monetary world and the BTC world. They say that these tokens are to represent real-world assets on the Bitcoin blockchain so one can own a small part of the share, precious metal, shares, or property. It is possible that with such an approach of OXBT, OXBT can create new opportunities for investments and asset management in the Bitcoin space.

PIIN BRC (PIIN): Enhancing Privacy

PIIN tokens address privacy concerns within the Bitcoin network. By implementing advanced cryptographic techniques, PIIN aims to offer enhanced transaction privacy for Bitcoin users. This development could attract users seeking greater financial confidentiality while maintaining the security and transparency of the Bitcoin blockchain.

VOYA BRC (VOYA): Facilitating Cross-Chain Interactions

In contrast, VOYA tokens are dedicated to enhancing the transaction compatibility between Bitcoin and other blockchain platforms. In this regard, VOYA seeks to complement Bitcoin’s functionality in the context of the larger blockchain industry by establishing cross-chain transaction connectivity. This functionality can enhance Bitcoin’s use in DeFi, as well as between chain asset swapping.

RATS Ordinals (RATS): Gamifying Bitcoin

RATS Ordinals bring game-like functionality within the realm of the Bitcoin network. These tokens also allow for the creation of blockchain games and collectibles on Bitcoin, perhaps drawing in an entirely new audience. The adoption of RATS might help create a completely new world of Bitcoin-based games that integrate entertainment and cryptocurrency.

The post 5 BRC-20 Tokens Reshaping the Bitcoin Ecosystem in 2024 appeared first on Crypto News Land.

Grayscale Aave Trust offers SEC-accredited investors direct exposure to AAVE, adding to its diverse crypto investment products.

Aave platform reports $12B in TVL, bolstering its reputation as a leading DeFi protocol for decentralized lending.

Following Grayscale's Aave Trust launch, AAVE price sees a 4% drop, despite recent V3 upgrade pushing TVL to $10 billion.

Grayscale Investments has launched a new fund to invest in AAVE's governance token as part of its diversification plan to expand its investment portfolios amid the growing focus on decentralized finance platforms.

The newly formed Grayscale Aave Trust is designed to offer investors accredited by the United States Securities and Exchange Commission access to AAVE cryptocurrency in a single-asset investment product to expand Grayscale’s portfolio.

https://twitter.com/Grayscale/status/1841826082481438840

This move follows Grayscale's recent launches of trusts for other major protocol tokens, including Sky (previously MakerDAO), Bittensor, and Sui. Adding AAVE to its portfolio underscores Grayscale's commitment to incorporating more diverse digital assets to cater to the evolving investor appetite in the crypto space.

Aave's Role in DeFi Lending

Aave is a well known DeFi platform for decentralized borrowing and lending without any intermediaries using smart contracts on the Ethereum blockchain for a transparent mechanism earning profits directly. This system has been embraced massively, with Aave reporting a total value locked (TVL) of almost $12 billion, which confirms the high trust and efficiency of the given platform in the DeFi sector.

In July, a proposal was approved by Aave’s token holders to modify its tokenomics, introducing a new mechanism that directs a portion of the protocol’s revenues to AAVE stakers. This move is intended to increase the intrinsic value of AAVE by involving its holders more directly in the platform’s financial success through staking rewards generated from the platform’s earning streams, primarily liquidations of loans.

Market Reaction

Despite the launch of the Grayscale Aave Trust, the market reaction saw AAVE’s price decline by 4% on the announcement day. This drop extends its weekly loss to 17%, overshadowing the positive developments such as the platform's recent upgrade to V3, which achieved $10 billion in TVL. Experts suggest that despite short-term price fluctuations in the volatile crypto market, the fundamental value of Aave and its growing role in DeFi makes it a strong investment.

Dave LaValle, Grayscale's ETFs global head, predicts a growth in the cryptocurrency ETF market, with a rise in single-asset investment products and diversified crypto indexes, likely attracting a wider investor base. Grayscale’s proactive strategy in diversifying its investment product line is set to position it advantageously within the competitive crypto fund management landscape.

The post Grayscale Launches Aave Investment Fund, Expands Crypto Offerings appeared first on Crypto News Land.

If you’ve ever reflected on Cardano’s ICO and wished you had invested, you’re not alone. Missing out on such opportunities can be frustrating, but the cryptocurrency market consistently gives new paths for growth. One such opportunity is Qubetics, a cutting-edge blockchain platform designed to empower users. With its presale launched, Qubetics could provide the kind of returns that investors dream about.

Owing to its futuristic approach, Qubetics is set to be the choice for those who regret not investing in Cardano and are seeking the next big opportunity in blockchain technology. Here’s why the $TICS token should be on your radar as a potential investment.

Qubetics Tokenised Assets Marketplace

One of the distinct applications of Qubetics is asset tokenisation, a process that turns different types of physical and digital assets into tradable digital tokens using the latest blockchain technology. This makes it easier for everyone to own a piece of valuable assets that were once hard to access. In the Qubetics marketplace, users can find a wide range of tokenized assets, including stable real estate, exciting commodities, company shares, and creative ideas. This variety appeals to a diverse group of people around the world, each with their own preferences and risk levels.

Addressing the challenges of limited liquidity and transparency that have historically plagued traditional asset markets, the Qubetics marketplace creates a secondary market for tokenized assets, facilitating seamless trading and exchange. This enhanced liquidity allows investors to manage their holdings more easily and efficiently, driving faster appreciation of asset values and offering more opportunities to realize gains. Furthermore, the platform's smart contract-powered token management system provides financial institutions with a reliable medium of exchange, ensuring stability amidst the typical volatility associated with cryptocurrencies. 

Cardano Faces Volatility Amidst Commercial Growth

Cardano has been regarded as a leader in commercial activity due to recent increases, but the ADA crypto price took a significant hit, plummeting 11% within just 48 hours. Once again, it failed to surpass the $0.40 mark, currently resting at $0.35. This drop jeopardizes the profitability of approximately 3.31 billion ADA tokens, valued at over one billion dollars.

Despite this setback, there is a glimmer of hope for investors. If Cardano can hold its support level at $0.34, a rebound to the $0.37 range becomes feasible, potentially restoring profitability. However, price predictions for ADA remain cautious. Experts at CoinCodex suggest that Cardano's crypto should stabilize between $0.36 and $0.42 throughout October, with an optimistic maximum increase of 18.8%, allowing it to reach $0.455 by the end of the month.

Conclusion:

For many, participating in Cardano’s ICO marked a pivotal moment, while those who missed out may now feel a sense of regret. However, this experience serves as a reminder that the next opportunity might be just around the corner. Qubetics stands out with its pioneering technology, feeless transactions, quantum-resistant security, and seamless interoperability, making a compelling case for the next significant success in the blockchain space.

The Qubetics presale is live, offering early investors a chance to secure $TICS tokens at a discounted rate. History shows that those who invest early in emerging blockchain projects often enjoy the highest returns. Launched on September 27th, the presale has entered its second phase, offering an exciting opportunity for early participants.

For Further Information 

Qubetics: https://www.qubetics.com/     

Cardano: https://cardano.org/ 

Disclaimer and Risk Warning

This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.

The post Didn’t Capture Cardano’s Price Growth? Qubetics $TICS Offers the Next Price Opportunity! appeared first on Crypto News Land.