🚀 TAO’s 106% Surge: Key Highlights and Market Insights 😲👀
📈 Strong Market Performance
Bittensor (TAO) has surged 106.8% over the past 30 days, reaching $649 per token with a market cap of $4.79 billion.
🧠 Nvidia’s Impact on AI Tokens
Nvidia’s 15.4% stock rally fueled growth across AI-related cryptocurrencies, pushing the total AI-crypto market cap to $29.8 billion.
🏦 Institutional Adoption
Grayscale launched a TAO-focused fund with $4.9 million AUM, significantly raising TAO’s allocation from 2% to 31%—boosting investor confidence.
📊 Futures Market Momentum
TAO’s open interest hit a new peak of $220 million on October 14, a dramatic increase from $46.8 million in September, reflecting growing demand in the futures market.
🔗 Increased On-Chain Activity
Active accounts climbed from 127,000 to 134,000 within a month, while total staked TAO exceeded 5.9 million tokens, signaling increased network engagement.
🔮 Analyst Outlook
With institutional backing, sustained market momentum, and rising adoption, analysts expect TAO’s upward trend to continue in the near future.
TAO’s rally showcases the growing influence of AI-related assets in the crypto space—investors are keeping a close eye on its potential for further gains.
{spot}(TAOUSDT)
#MemeCoinTrending #GrayscaleConsiders35Cryptos #BTCUptober #USStockEarningsSeason #BTCSurges67K
Satoshi-era Bitcoin wallet stirs: Is a decline coming?
A wallet that bought Bitcoin just five days after the first block was created in 2009 transferred another $630,000 to crypto exchange Kraken.
Onchain data platform Arkham Intelligence shared in an X post dated October 14 that a Bitcoin whale from 2009 transferred $5.47 million worth of $BTC to Kraken in the last two months. Arkam stated that despite the whale's recent actions, the whale's wallet still holds $75.23 million worth of BTC. The remaining 1,127 BTC in the wallet after the transfer was transferred to a new address.
Early players entering the blockchain world may be looking to cash out their Bitcoins. The development in question came after a different early Bitcoin investor, who Arkham said had been dormant for at least a decade, transferred 10 BTC worth $610,000 to Kraken on October 3.
In September, Arkham shared that a 15-year-old BTC wallet had moved $16 million worth of BTC to Kraken. Bitcoin gained 7.45% last week to over $67,000. This could be a possible reason why whales are moving to sell some of their assets.
Ethereum whales have not yet made a move. The increase in net inflows from spot ETFs may have whetted the appetite of BTC whales. However, the weak trend in Ethereum continues. The continued decline of the ETH/BTC parity and the lack of expected data from spot ETFs may lead to further pullbacks in the altcoin market.
#CryptoDeNostradame #ParrotBambooCrypto
#HomeofRWAs
🔥🔥 MANTRA (OM) PRICE PREDICTION 😱
Mantra token (OM) price predictions are looking bullish! By the end of 2024, OM's price is expected to range from $1.44 to $2.16, with an average price of $1.80 ¹. This is a significant increase from its current price of $1.53.
Short-Term Price Predictions:
- October 24, 2024: $1.63 (range: $1.52-$1.75)
- November 8, 2024: $1.74 (range: $1.62-$1.86)
- December 2024: $1.78 (range: $1.65-$1.90)
Long-Term Price Predictions:
- 2025: $2.09 (range: $1.67-$2.51)
- 2026: $2.48 (range: $1.98-$2.97)
- 2027: $2.92 (range: $2.33-$3.50)
- 2030: $4.34 (range: $3.47-$5.21)
It's essential to note that these predictions are based on technical analysis and historical data, but the cryptocurrency market is highly volatile. Always do your own research and consider multiple sources before making investment decisions.
#TrumpDeFi #MemeCoinTrending #TeslaTransferBTC #BTCSoarsTo68K $OM $BTC $SUI
$SCR
$SCR is currently trading at 1.32, down 8.33% from its recent high of 1.44 and 6.25% below its recent low of 1.40. The cryptocurrency is experiencing a pullback after failing to sustain above the 1.40 level.
1. Trend: Short-term downtrend
2. Support: 1.30, 1.25, 1.20
3. Resistance: 1.40, 1.44, 1.50
4. RSI (14): 41.12 (Neutral)
5. MACD (12, 26): Bearish crossover
6. Moving Averages:
- 50-day MA: 1.38
- 200-day MA: 1.42
*Analysis:*
The recent high of 1.44 was rejected, indicating a lack of buying pressure. The pullback to 1.32 suggests that sellers are taking control. The RSI is neutral, but the MACD's bearish crossover indicates a potential downtrend.
*Trading Strategy:*
*Bearish Scenario:*
1. Sell below 1.30, targeting 1.25 and 1.20.
2. Stop-loss above 1.40.
*Bullish Scenario:*
1. Buy above 1.40, targeting 1.44 and 1.50.
2. Stop-loss below 1.30.
*Recommendation:*
Caution is advised due to the uncertain market sentiment. Wait for a clear breakout above 1.40 or a bounce from the 1.30 support level before entering a trade.
*Risk Management:*
1. Position size: 2-5% of portfolio.
2. Risk-reward ratio: 1:2 or 1:3.
#scr #TrumpDeFi #MemeCoinTrending #BTCSoarsTo68K #USStockEarningsSeason
#HomeofRWAs
🔥 BNB PRICE PREDICTION 😱
Binance Coin's (BNB) price prediction is looking bullish, with an expected increase of 19.94% to reach $711.84 by November 15, 2024. This forecast is based on technical indicators, which show a current sentiment of "Bullish" and a Fear & Greed Index of 73, indicating greed .
Short-Term Price Targets:
- October 18, 2024: $609.56 (0.99% growth)
- October 19, 2024: $630.51 (4.46% growth)
- October 20, 2024: $632.73 (4.83% growth)
- October 21, 2024: $635.21 (5.24% growth)
Long-Term Price Predictions:
- 2025: BNB is expected to trade between $741.14 and $1,033.89, with an average price of $869.00
- 2026: BNB is forecasted to reach a high of $873.56 in January and a low of $690.24 in April, with an average price of $763.81
- 2027: BNB is predicted to increase by 22.12% to reach $737.08, with a potential ROI of 31.72%
✅Keep in mind that these predictions are subject to change and should not be taken as investment advice. Always do your own research and consult with a financial expert before making any investment decisions.
#TrumpDeFi #MemeCoinTrending #TeslaTransferBTC #BTCSoarsTo68K $BTC $SUI $BNB
The altcoin market has been in a brutal slump for the past couple of weeks, catching many traders off guard. While we've all witnessed the mainstream coins enjoying their moment, the alt market has been particularly harsh. However, my forecast is clear: starting tomorrow, we should expect a significant rally across the board. If we don't see a noticeable uptick within the next two to three days, then perhaps I'm missing something fundamental in this market. As of October 16th, this is where we stand.
The recent performance of altcoins has admittedly been frustrating. Nonetheless, I’m holding onto my conviction that this market is on the verge of a turnaround. Despite the current challenges, I still have a clear strategy in mind, and my confidence remains intact. While emotions are running high, I believe that the time for a recovery is right around the corner.
Now, if the market doesn't start moving upward in the next few days, then it’s time to question my understanding of the alt market. But given the patterns and signals I’ve been tracking, a surge feels imminent. The key here isn’t to focus on the reasoning behind this call but to watch and wait for the market to speak.
In short, brace yourselves for what could be a swift reversal starting tomorrow. This is not about wishful thinking; it's about reading the signs that suggest a recovery is due. Let’s see how this plays out in the days ahead.
#MemeCoinTrending #Altcoins👀🚀 #TeslaTransferBTC #BTCUptober #GrayscaleConsiders35Cryptos
🚨 INJ Breaks Trendline: Will Support Levels Hold?
$INJ has just broken the trendline, and it looks like a potential drop is coming. What are your thoughts? Possible support levels are 19.72, 19.50, and then 18.70. Let’s hope for the best.
In my opinion, the market will likely start declining either this evening or tomorrow, or at least begin showing signs of a downturn.
{spot}(INJUSDT)
ALWAYS DO YOUR OWN RESEARCH!
THIS POST IS FOR INFORMATIONAL PURPOSES ONLY.
#INJ/USDT📈 #EmperorMajesty #MemeCoinTrending #TrumpDeFi #BTCUptober
🚀 **Bitcoin Whale Activity Surges!** 🐋
Bitcoin whales are making waves! On Oct. 15, a whopping 11,697 transactions worth over $100K each were recorded, the highest in over ten weeks. The following day also saw high whale activity, signaling strong market movements.
📈 **Bitcoin Dominance Peaks**
Bitcoin's dominance hit a 3.5-year high at 58.98% on Oct. 16, overshadowing altcoins. Social media buzz is heavily BTC-focused, making up over a quarter of all crypto discussions.
💡 **Market Sentiment**
The Bitcoin Fear and Greed Index reached 73, indicating "greed." Despite short-term profit-taking, long-term metrics remain bullish. BTC hit $68,250, just shy of its previous peak.
Stay tuned, BTC enthusiasts! 🌟
Analyst warns: “Bitcoin will break a record if it exceeds this level”
Crypto analyst Ali Martinez stated that the Bitcoin (BTC) price must overcome a significant resistance level in order to reach record levels.
Addressing his followers via X, Martinez emphasized that the outlook in BTC does not create appetite. Martinez reported that the positive BTC is approaching a significant breakout. According to the analysis, the BTC price will continue to rise if it can stay above $ 67,400. Martinez thinks that BTC will reach $ 86,600 if it achieves this breakout.
Martinez stated that investors should closely follow the $BTC price. Uncertainty has emerged in the crypto market, which has been hosting increases for several weeks. Analysts argued that BTC must overcome significant resistance points in order to continue its rise. Many opinions insisted that a correction could be seen in the market at any time.
Crypto expert Ali Martinez shared on X that BTC is in the final phase of its consolidation phase. According to the chart, BTC, which has ended its accumulation phase, will enter a new cycle. The phase called the peak cycle was last seen in March 2024. On that date, the $BTC price reached its all-time high.
Martinez stated that the trend in $BTC is positive, but a small correction can be seen at any time. The analyst attributed the potential decline to market sentiment. Making a statement on X, Martinez noted the following;
“During the past seven months, BTC fell during the period when crypto investors were most FOMO (concern about missing out on the rise). The data in question has resurfaced. Be cautious!“
The chart shows that price declines occurred when FOMO peaked. The chart draws attention to the selling pressure that profit sales can create.
Sharing remarkable data for BTC, which is at a critical turning point, Martinez noted the following;
“Over the last eight months, 400,000 BTC worth approximately $24 billion has been withdrawn from centralized exchanges.”
#CryptoDeNostradame #ParrotBambooCrypto
Even with its reported $1.23B daily volume, Hyperliquid can’t match Binance’s scale, possibly due to inflated figures from unblocked VPN trading, while blocking airdrop claims.
Traders, especially those handling high volumes, prioritize deep order books, tight spreads, and flawless execution—areas where DEXs still fall short.
Metrics tell the story:
• DEX futures volume dropped to 3.26% in September 2024, down from its peak of 5.18% in February.
• Binance alone processed $480B of Bitcoin futures in a $1.4T monthly market, highlighting CEX dominance.
• Hyperliquid captured $1.23B of the $2.8B daily DEX volume but remains far behind leading CEXs.
@aevoxyz @HyperliquidX @Backpack @SynFuturesDefi @grvt_io @ZetaMarkets @Aark_Digital and recently @ArkhamIntel announced that they will be building their new perp DEX too.
The gap remains as DEXs have thinner order books and less seamless experiences.
The future, however, hinges on mastering cross-chain futures, refining liquidity models, and delivering user experiences that outshine CEXs.
It’s not a question of if, but when DEXs will truly challenge the status quo.
#BTC☀ #ETHETFsApproved #TON #HotTrends
📊 $EURI /USDT 15m Analysis: Ready to Breakout?
Price is consolidating just below resistance at 1.0875, showing multiple failed attempts to break above.
Current level: 1.0865 – flat movement, building tension for the next big move.
Long Entry: Buy above 1.0875 targeting 1.0900, with confirmation of a breakout.
Short Entry: Sell if rejected at 1.0875, aiming for 1.0850 and lower support at 1.0840.
Watch for volume spikes as the pattern tightens, this can signal the breakout direction!
{spot}(EURIUSDT)
#BinanceLabsInvestsLombard #BTCSoarsTo68K #MemeCoinTrending #TeslaTransferBTC #TrumpDeFi
Launchpool Markets Show Repeating Patterns: A Closer Look😩
In recent sessions, we’re witnessing strikingly similar patterns across several Launchpool markets, particularly in coins like EIGEN/USDT, POL/USDT, and HMSTR/USDT. As these coins display comparable price actions, it’s an excellent time to analyze the broader implications of these patterns.
Key Observations:
• Descending Channels: All three pairs exhibit downward channels in their short-term 15-minute charts. These channels indicate a phase of consolidation or pullback after a recent bullish rally, which is a common technical setup in launchpool tokens during periods of market indecision.
• Volume Analysis: Notice the steady trade volumes, with no sudden spikes indicating a lack of strong bullish or bearish momentum. This suggests that while prices are trending lower, there isn’t significant panic selling—pointing toward a potential accumulation phase.
• Support & Resistance Zones: The support levels have been holding up consistently, while resistance zones have capped upward price moves. This situation could lead to an imminent breakout once liquidity picks up, making these tokens highly attractive for short-term traders watching for volatility.
Why It Matters:
Launchpool projects often experience rapid shifts due to investor sentiment, particularly those tied to Binance. When multiple tokens like these develop similar technical setups, it might be signaling a synchronized move, either up or down. Traders should keep a close eye on these channels, as any deviation (breakout or breakdown) could lead to significant price movements.
What’s Next?
For those tracking these coins, stay vigilant. Watch the descending channels closely. A breakout could lead to explosive rallies, but if the bearish pressure continues, further downside could be tested. Critical support zones will serve as key levels to monitor in the coming sessions.
Stay sharp—Launchpool tokens can flip quickly!#TeslaTransferBTC #BTCSoarsTo68K #BinanceLabsInvestsLombard #BNBRisesTo600 #USStockEarningsSeason