🧙‍♂️Binance Labs announced that it has invested in Pluto St | Crypto De Nostradame on Binance Square

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🧙‍♂️Binance Labs announced that it has invested in Pluto Studio, the publisher of the Telegram-based Catizen.

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Dogwifhat (WIF) gave a bearish signal: Selling pressure is increasing. Solana-based memecoin Dogwifhat ($WIF ) is at risk of a sharp price correction. While the Bitcoin ($BTC ) price is trying to push the $68,000 resistance level, the WIF price fell and made investors nervous. Although the Bitcoin price increased by 3 percent on Wednesday, the WIF price lost value at the same rate. Experienced crypto traders who foresaw this negative picture opened short (bearish) positions on WIF. Due to the high market value of WIF, some investors are worried that it may be difficult to make big profits from this memecoin. On the other hand, investors are also turning to alternative memecoins such as Dogecoin (DOGE) and Bonk (BONK). During the same period, DOGE gained 10 percent and BONK gained 5 percent. WIF, one of the most popular memecoins, left its mark on the market with a market value of $2.5 billion. Moreover, WIF is one of the few memecoins listed on Binance's spot market. However, with the latest developments, the market trend seems to be reversing. While Bitcoin is testing $ 68,000, WIF's price has fallen below $ 2.60. Popular crypto trader CrediBULL Crypto announced on his X account with 427 thousand followers that he opened a short position after dogwihfat peaked at $ 2.90 on Monday. Since then, the memecoin has lost more than 12 percent of its value. CrediBULL predicts that WIF's price could fall to $ 1,765 and that a short-term recovery could be seen at this level. However, he states that he will continue to keep his short positions open until the price drops below $ 1. Similarly, cryptocurrency exchange Bybit trader Bluntz detected a bearish divergence in the WIF price chart, indicating a downward trend. Bluntz is optimistic about WIF in the long term, but he thinks the short-term downtrend will continue. Bluntz also noted that he saw a similar bearish divergence in the Popcat price chart. In fact, Popcat's price lost 10 percent on Wednesday.

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Bitcoin (BTC) price prediction from artificial intelligence: Watch out for October! While the price of Bitcoin ($BTC ) has shown an upward trend during Halloween in past years, AI-supported analysis tools indicate that this trend may continue in 2024. Bitcoin, which has been rising breathlessly since breaking $ 60,000, has excited crypto investors. As in previous Octobers, the upward momentum in BTC continues. Bitcoin has traded higher than the previous year on every Halloween day except for 2018 and 2022. PricePredictions' AI algorithms were used to understand whether there will be a similar rise this year. According to the AI analysis, Bitcoin may break a new record by reaching $ 73,977 on Halloween, October 31, 2024. This target means an increase of approximately 10 percent compared to Bitcoin's current price. The AI’s Bitcoin price prediction was created using technical analysis indicators such as the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the Bollinger Bands (BB). The AI tool provides strong clues about the future movements of the market with the data obtained from these metrics. If the predicted price is realized, $BTC will continue its Halloween performance in previous years and break records in 2024. Bitcoin, which was traded at $34,500 in 2023, is estimated to exceed this price by 115 percent in 2024 and reach $73,977. This positive expectation also coincides with the fact that many financial experts set the $70,000 level as the minimum target for Bitcoin by the end of October. Leading experts think that the ‘Uptober’ rally, in which Bitcoin gains value every October, will be repeated this year.

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“Solana is the biggest slap in the face for Ethereum maximalists” As the competition between the top blockchains by market value continues, Solana has been seen to have a big lead over its competitors. In the midst of the development and execution activities of Layer-1 blockchains, Ethereum’s performance below expectations has drawn attention. The scalability and validator issues of the Ethereum blockchain have shifted investor attention to Solana. According to crypto analyst Ignas, Solana’s superior performance has accelerated Ethereum’s blood loss. While the ETH price has been on a downward trend for seven months, its biggest rival SOL has been on a bull run. Ignas stated that Solana is a “slap in the face” to Ether maximalists. Ethereum ($ETH ), the second-largest crypto asset by market value, is stuck in a new monthly downtrend. The $ETH price has fallen by more than 36 percent in the last seven months, falling to $2,600. Analysts warned investors that the decline could deepen. Crypto analyst Ignas noted the following in his post on X; “In general, Ethereum could not win the layer-1 wars. The revenues from all layer-2s are not yet clear.” The analyst stated that layer-1s, which can be suitable for different use cases, have growth potential and that this competition will benefit the crypto industry. Layer-1 wars include blockchains such as Ethereum, Solana, Avalanche and Fantom. Crypto commentators evaluate the competition in terms of scalability, security and user experience. The analyst attributed another reason for Ethereum's blood loss to the fragmentation of transactions in the ecosystem by layer-2s. Ethereum scaling projects Arbitrum, Optimism and Starknet divide Ethereum's transactions. On the other hand, the Solana blockchain focuses only on $SOL . Ignas noted the following on the subject; “As more layer-2s are launched, liquidity and UX fragmentation problems get worse. With each layer-2, Solana’s monolithic approach becomes more attractive.” #CryptoDeNostradame #ParrotBambooCrypto

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A delightful comment from a famous analyst: “Bitcoin will reach $500,000!” Crypto analyst PlanB, who has nearly two million followers on X, made an outrageous price prediction for Bitcoin. Bitcoin (BTC), which has been rising rapidly in recent days, has increased expectations with positive comments from analysts. The pioneer of cryptocurrencies, which has been rising breathlessly since $60,000, seems to be targeting $70,000 for now. However, this target may be just the beginning for the BTC bull. Crypto analyst PlanB suggested that BTC could reach $500,000 between 2024-2028, based on a past prediction. PlanB, who stated in his post on June 16, 2019 that Bitcoin will exceed $50,000 after the halving and reach a market value of $1 trillion, emphasized that he was successful in his analysis with his new post. PlanB, who stated his new prediction, surprised his followers. The famous analyst thinks that $BTC will reach $500,000 between 2024-2028 and see a market value of $10 trillion. Bitcoin, which has been on an upward trend since testing $59,600, was rejected at $68,000. $BTC , which changed hands at $67,091 as of the writing of the news, will first target $70,000 if it breaks the falling channel. It is highly likely that sales-oriented transactions will increase in this region. However, breaking $70,000 will start a journey towards ATH. The end of the positive series in spot ETFs or BTC's second rejection at $68,000 will increase the selling pressure. In such a scenario, there may be pullbacks to $64,777 - 62,000 - 59,647 - 56,602 - 52,614 and $50,580, respectively. #CryptoDeNostradame #ParrotBambooCrypto

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Memecoin market made its mark on the day: The rise continues at full speed! The memecoin market, which came to the fore with Bitcoin maintaining $ 67,000, occupied the "Most Risers" list. The upward movements in memecoins continue. The memecoin market, which stepped on the gas after Bitcoin left $ 65,000 behind, made its investors happy. Sharp increases were recorded especially in cat and dog-themed projects. According to the data obtained from CoinMarketCap, the altcoin that rose the most in the last 24 hours was FTX Token (FTT) with 15.62 percent. Developments regarding the repayment plan of the bankrupt crypto exchange FTX brought $FTT to the top. The popular coin of the Solana ecosystem, Bonk (BONK), came in second with a 7.73 percent increase. Mog Coin (MOG) sat in third place with a 7.08 percent performance. Cat in a dogs world (MEW) took fourth place with a 6.44 percent increase. First Neiro on Ethereum ($NEIRO ) ranked fifth, increasing by 5.99 percent. Factors such as Bitcoin's upward pricing or the decline of BTC dominance can be decisive for the memecoin market. Joke-themed coins, which are much more volatile than other cryptocurrencies, can sign sharp price movements. In particular, the change in trends will play a critical role in the price of cryptocurrencies in this area. For example, increasing money flow into categories such as artificial intelligence or RWA can lead to a decline in memecoins.

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