Here's a concise revision of the article with an added analysis:
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The total USTC burns have now reached 3,136,813,332 units. These burns occurred in several stages:
- Following Terra’s collapse, two major burns were initiated, totaling 1,445,874,000 units. - Three additional burns were executed based on community votes, burning 796,109,900, 726,370,000, and 46,358,000 units, respectively. Together, these community-driven burns amounted to 1,568,837,900 units.
The USTC burns reflect an effort to restore value and stabilize the token post-collapse. By reducing supply, the Terra community aims to decrease inflation and rebuild trust in the ecosystem. Community involvement through votes demonstrates decentralized governance in action, driving the recovery process. Whether this strategy will significantly improve USTC's long-term outlook remains to be seen, as market confidence and future burns will play a critical role.
Robert Kiyosaki, author of *Rich Dad Poor Dad*, recently warned of a significant financial crash, predicting Bitcoin (BTC) could plunge to $5,000 before potentially soaring to $500,000 by 2025. He believes a global economic crisis, fueled by rising bankruptcies, unemployment, and inflation, will lead to a collapse in confidence in the U.S. dollar. Kiyosaki advocates for investing in gold, silver, and Bitcoin, which he refers to as "real money" in contrast to fiat currency, which he deems "fake".
Kiyosaki has consistently forecasted economic downturns, encouraging investors to shift their portfolios towards these assets as a hedge against the looming crash. Despite his warning of a massive correction, Kiyosaki remains bullish on Bitcoin long-term, positioning it as a safeguard against financial instability. #BTC☀ #TrumpDeFi #MemeCoinTrending #USStockEarningsSeason #BTCUptober $BTC
$SCRT Regarding SCRT (Secret) today, the sentiment leans bullish based on current market momentum and recent developments. Secret’s focus on privacy, particularly with its unique features around secure smart contracts, is appealing in a growing DeFi sector. This could attract more adoption, especially as privacy concerns become more prominent in the blockchain space.
Given the price of 0.5884, the immediate market sentiment is positive with potential for growth. Target Price: 0.63 – 0.65 USD in the short term, as more users and developers take advantage of its privacy features.
Buy Price: The current price of 0.5884 USD seems to be a good entry point, as a rebound from recent lows could push the price upwards.
Correct Price: The fair value may fluctuate between 0.55 and 0.65 USD, with the bullish trend continuing if momentum holds.
Keep an eye on broader market conditions for better timing.$SCRT
$LUNC LUNC (Luna Classic) has been showing signs of volatility in the market, leading to a cautious outlook. Despite some positive developments around its ecosystem, including staking rewards and community-led burns, it has struggled to maintain sustained momentum. Today's price action suggests a bearish short-term sentiment, as LUNC struggles to stay above the $0.000112 support level.
Bullish or Bearish? Bearish for the short-term. If LUNC fails to hold $0.000112 and shows continued downward pressure, we could see further declines to $0.0001.
Target Price: $0.00010 (for the short-term).
Buy Price: $0.000112, with caution for potential drops.
Current Price: $0.00011248. If it holds this level, there might be some recovery opportunities.
LUNC's short-term trajectory looks uncertain, and investors should be cautious, looking for stronger support around $0.0001 before considering a long-term position.
$FTM As of today, Fantom (FTM) appears to be in a bullish phase. The overall market sentiment is positive, and FTM has shown resilience, maintaining strong support levels. The recent bullish momentum, paired with growing DeFi adoption, indicates that the coin could continue to see upward movement.
With its solid foundation in decentralized finance and fast transaction speeds, FTM's value could rise further. The current price of 0.6951 seems favorable for entry, as it is close to support, making it a good opportunity to buy before any potential breakout.
Should FTM hold this level, a steady increase could be on the horizon, aiming for a breakthrough into higher resistance zones. Keep an eye on market conditions for any changes that might shift sentiment.$FTM
$USTC USTC (TerraClassic USD) has shown some volatility recently, but it still faces strong resistance around the 0.022–0.023 range. As a result, I lean towards a bearish short-term outlook due to ongoing market uncertainties and a lack of major positive catalysts to drive price momentum upwards. However, USTC has the potential to see some consolidation if it can hold above its current levels, but breaking through this resistance would require a market-wide shift or specific developments for the TerraClassic ecosystem.
Market Sentiment: The general sentiment remains cautious, and it’s advisable to keep an eye on any news from the Terra ecosystem that could trigger a change in trend.$USTC
$KAIA Based on the current market sentiment and technical indicators, KAIA is showing signs of cautious optimism. The recent price of $0.1570 suggests that it is holding steady, but there are some key levels to watch. While overall sentiment in the crypto space is fluctuating, KAIA has had a solid performance recently, supported by increasing volume and interest.
Bullish Analysis: KAIA has managed to maintain support around the $0.15 mark, with potential for upside if it breaks past resistance levels at $0.1600. The overall market environment could support its growth, especially if it taps into new use cases or increases adoption.
If KAIA maintains upward momentum and surpasses resistance, the bullish outlook remains. However, it’s essential to monitor any market shifts that could lead to a more bearish correction in the near term.
$POL Polkadot (DOT) has been showing some signs of positive momentum lately, though it has faced some resistance. Given the current market sentiment and the price hovering around $0.4547, the outlook is cautiously bullish in the short term. If DOT can maintain above the $0.45 level, there's potential for further upside toward $0.50 in the coming days, as the broader crypto market remains favorable.
Polkadot's network continues to make advancements with its parachain auctions and cross-chain interoperability, which should support the price. However, any sudden market downturns could lead to a pullback below $0.45, so it's essential to monitor the broader market sentiment. Overall, the outlook seems moderately optimistic, but risk management is crucial.$POL
$ACH For today, ACH (Alchemix) is showing some positive momentum, indicating a bullish outlook. Despite some minor fluctuations in the broader market, ACH is holding its ground and showing signs of strength, supported by its ongoing development and use case.
Analysis: Bullish Sentiment: ACH is seeing increasing interest as decentralized finance (DeFi) projects like Alchemix attract more users. A strong support level around 0.022 is helping price stability. Target Price: Short-term target is around 0.025 to 0.027, with a chance to break through if bullish sentiment continues. Buy Price: 0.02268 Target Price: 0.025 - 0.027 Stop-Loss/Exit Price: 0.021 Conclusion: The market appears to favor ACH at the moment, making this a potentially good time to buy at 0.02268, with a short-term target of 0.025. Monitor for any sudden market shifts or news that could impact price action.$ACH
$MOVR Bullish on MOVR (Moonriver) - Price Analysis
As of today, MOVR is showing promising signs of bullish momentum. Trading around $11.744, it has gained significant attention due to its utility in the Polkadot ecosystem. Despite some market volatility, MOVR's consistent integration with cross-chain functionalities positions it as a strong asset for long-term holders.
In the short-term, the cryptocurrency has demonstrated solid support levels, with upward potential if it breaks above $12.00. The target price for MOVR is set at $13.00, given its current technical setup and demand within the DeFi space. For those considering entry, a buy price of $11.50 to $11.80 provides an attractive entry point.
The current market conditions suggest that MOVR can maintain bullish sentiment, with potential price targets continuing to trend upwards over the coming days, but it should be monitored for resistance near $12.50.
$BNX BNX (BinaryX) has seen notable volatility recently, and its price behavior suggests a cautious outlook. Today, I would lean towards a bearish stance, primarily due to weaker market conditions and the current price hovering near $0.4984, which is significantly lower than its previous highs. The token's recent trends indicate a lack of strong bullish momentum, with price movements consolidating at this level.
Target price: $0.4500 Buy price: $0.4700 (If the price shows signs of stabilizing above $0.4700, it could be a good entry point). Sell price: $0.5200 (Consider selling if it recovers slightly).
This price range suggests caution, as there might be further downside potential, and any upward movement will likely face resistance. Always consider market conditions and trends for more informed decisions.$BNX
$ORDI Today, ORDI shows a slightly bullish sentiment, driven by increased investor interest and its strong community backing. The price action suggests potential upward movement, with support around $36.75. However, it's crucial to watch market sentiment and broader crypto trends, as volatility remains high.
Bullish Analysis: ORDI's consistent upward momentum in recent weeks indicates that its market sentiment could push it higher. A breakout above the $37.50 resistance level would confirm further upside potential, possibly targeting $40 or higher.
With its strong fundamentals and increasing demand, ORDI could continue to rise, making it a favorable buy at the current price of $36.75. However, close monitoring of market shifts is crucial to minimize risks in such a volatile space.$ORDI
$SAGA Looking at Saga (SAGA) today, I’d lean towards a bullish outlook, with some key indicators suggesting positive price momentum. The cryptocurrency has been showing strength in recent days, and the broader market sentiment for altcoins remains favorable. However, SAGA is also facing a period of consolidation, so we could see short-term fluctuations.
Target Price: $2.10 Buy Price: $1.85 Current Price (1.8473): This price is close to the key support level, making it a reasonable entry point for those looking for a potential rebound.
As long as the price holds above the $1.80 mark, the momentum could continue toward higher levels, with $2.10 as a short-term target. Investors should keep an eye on broader market trends for confirmation.$SAGA
$EIGEN Eigen (EIGEN) presents an interesting outlook today, with a moderately bullish sentiment, as market conditions continue to favor its technology-driven potential. The token has demonstrated resilience, with support levels holding steady around $2.40, but a price of $2.486 suggests that a breakthrough above resistance could set the stage for further upside.
Bullish Outlook: If EIGEN continues to hold above the $2.40 level, it could see upward movement towards the $2.60 resistance, with the potential to break that barrier if broader market conditions support continued growth.
As the project evolves, its long-term potential remains strong, though short-term volatility should be anticipated. Investors should monitor this price range closely for potential entry or exit points, staying alert to overall market trends.$EIGEN
$RDNT As of today, RDNT (Radiant) appears to be in a bullish trend, showing strong momentum with increasing buying interest. The current price of $0.0596 is relatively low, which could present a buying opportunity for those looking for a short-to-medium-term position. The support levels have held steady, while indicators like RSI and moving averages are suggesting further upside potential.
Given the current market sentiment, RDNT may target the $0.0650-$0.0700 range in the near future, assuming sustained bullish momentum. However, if it falls below the $0.0550 mark, a shift to bearish territory could occur.
Target Price: $0.0700 Buy Price: $0.0590 Sell Price: $0.0700 (with caution for possible pullbacks)
Investors should keep an eye on the broader crypto market to ensure RDNT maintains its upward trajectory, as market-wide shifts can influence altcoin performance.$RDNT
$ARKM Arkham (ARKM) has been showing some bullish potential today. The token has experienced moderate buying pressure, with positive sentiment in the market. Analysts point to the recent growth in Arkham’s user base and the increasing demand for its blockchain-based intelligence services as potential drivers for price momentum.
Analysis: Bullish Sentiment: Arkham’s unique proposition in the blockchain analytics space is gaining traction, positioning it as a potential long-term play. Target Price: $2.10–$2.20 in the short-term. Buy Price: Consider entering around $2.02–$2.05, aligning with the current support level. Sell Price: A good exit point could be around $2.15, targeting a 5–10% short-term gain. Conclusion: Given the current market conditions and Arkham’s position, I would lean toward a bullish stance today, with a watchful eye on broader market conditions.$ARKM
$RARE As of today, RARE (Rare) appears to be facing some volatility, but the overall sentiment is leaning slightly bullish. The current price of $0.1182 is showing signs of support, which could indicate a potential buying opportunity if it holds steady above this level. Traders should keep an eye on broader market movements, as RARE has been influenced by the broader crypto market's sentiment.
For a buy price around $0.12, with a target price in the range of $0.14 to $0.15 in the short term, depending on market sentiment and broader trends. A move beyond $0.15 could signal further upward momentum. However, if it falls below $0.11, it may signal a bearish trend, with a potential drop to $0.08 as the next support level.
It's important to stay updated on market developments, as any sudden changes could lead to price adjustments in either direction. Keep risk management strategies in place!$RARE
$HARD For HARD (HARD Protocol), considering the current market conditions, my analysis leans slightly bearish today. The price has faced some resistance around $0.1540, and there is potential for further downside unless significant positive news emerges. However, it’s important to watch key support levels closely, as a breakout above $0.1550 could signal a short-term bullish reversal.
Price Analysis (October 18, 2024): Current Price: $0.1540 Target Price: $0.1600 (if market sentiment turns positive) Buy Price: Look to buy near $0.1530 for a better entry point. Sell Price: $0.1580 – $0.1600 for short-term traders. Article: HARD Protocol’s recent price movement shows signs of consolidation around $0.1540, which has acted as a key level of resistance. While market sentiment remains cautious, a break above $0.1550 could push prices higher towards the $0.1600 range. However, the downside risks remain prevalent, especially if broader market sentiment weakens. Watch for key support at $0.1500.
$CHZ Today, Chiliz (CHZ) shows a bullish trend, supported by its growing use in sports and entertainment sectors, particularly with fan tokens and partnerships with prominent clubs. The broader cryptocurrency market’s recovery also contributes positively to its outlook.
The current price of CHZ is around $0.0749, with a short-term target price of $0.078 - $0.080, driven by increasing adoption and potential upcoming developments. This price level aligns with CHZ’s previous resistance zone and shows promise for a breakout if momentum holds.
Buy Price: $0.0749 (Current Price) Target Price: $0.078 - $0.080 Sell Price: If CHZ breaks above $0.080, target further towards $0.085 in the next few weeks.
If the market takes a downturn, watch for support around $0.070 as a potential entry point for buyers.
Analysis: The bullish sentiment is driven by increased utility and adoption, though some volatility is expected in the short term.$CHZ
$ETHFI As of today, ETHFi (ETHFI) shows a slightly bearish sentiment due to the broader market conditions and reduced volatility in the Ethereum-based DeFi space. Despite this, ETHFi has shown resilience in previous downturns and could benefit from upcoming Ethereum network upgrades or improved DeFi conditions. If Ethereum shows bullish signs, ETHFi could see positive momentum.
Target Price: $2.05 Buy Price: $1.85 Current Price: $1.858
Given the price stability around $1.85, a cautious approach is recommended. If the price maintains above this level, it could continue consolidating. However, any sharp drop below $1.80 might suggest a bearish trend in the short term. Watch for ETH's market trends and developments within Ethereum-based protocols to guide investment decisions.$ETHFI