Good News! After the Binance Lawsuit, Cryptocurrencies Crypt | Crypto De Nostradame on Binance Square

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Good News! After the Binance Lawsuit, Cryptocurrencies
Cryptocurrencies have experienced positive developments following the Binance lawsuit. Despite initial concerns about the impact on the market, the situation has taken a turn for the better
#News #KriptoTerimleri #Gem #BinanceTournament #CryptoDailyDigest

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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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Cardano (ADA) longing ends: Is the big rise near? Cardano, which continues its horizontal movement despite Bitcoin's progress towards the top, has increased expectations. The major coin, which has been fluctuating in a short price range for about four months, may experience a breakout soon. The popular Layer-1 project Cardano has shown a horizontal movement in the last four months. ADA, which has remained silent despite the rise in Bitcoin, has naturally increased expectations. As of the writing of the news, Cardano is trading at $ 0.353 and has a market value of $ 12.37 billion. With the upward breakout of the symmetrical triangle structure, ADA can target levels of $ 0.4570 and $ 0.5217. According to Santiment data, the 30-day MVRV ratio recently fell below -5.72k. Generally, a negative value indicates that the short-term investor is at a loss. This scenario usually attracts long-term investors. Historically, a drop below -5% of the MVRV ratio is considered a bottom. Investors holding 1 million to 10 million $ADA have recently seen a 3.59% growth, increasing their holdings from 5.57 billion to 5.77 billion ADA. This statistic shows that long-term investors continue to expect more. However, Bitcoin’s price and dominance will play a significant role in Cardano’s long-term price structure. #CryptoDeNostradame #ParrotBambooCrypto

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“TURBO must defend this key level!” TURBO, which has increased by nearly 140 percent since October 3, has retreated to an important support level. Bitcoin’s ($BTC ) positive price structure has paved the way for altcoins. Many altcoins have managed to reach all-time highs. TURBO, one of the altcoins in question, has shown a striking performance since the beginning of October. The memecoin, created through the artificial intelligence chatbot ChatGPT, has retreated to an important support level of $0.01 after its bull run. In the analysis prepared by AMBCrypto, it was stated that the memecoin could show a strong rise if it protects $0.01. TURBO, one of the pioneers of the memecoin craze, has made remarkable gains in recent days. TURBO, which excites investors and is discussed whether it will be the next SHIB, has lost nearly 10 percent in the last 24 hours. It has been suggested that the decline in the popular memecoin is a correction of the bull run it has been carrying out since the beginning of the month. AMBCrypto commented on the pullback in TURBO as follows; “According to the current outlook, TURBO's pullback from the $ 0.013 level is a temporary setback. The popular memecoin will be in an uptrend as long as it does not fall below the $ 0.01 level. If this support level is broken, investors may face a major decline.” According to the graphic analysis created in the AI-themed memecoin, if the price starts to rise, the $ 0.013434 resistance can be tested. Breaking this resistance can carry the price to $ 0.01515. On the other hand, losing the $ 0.01 support can drop the price to $ 0.008918 in a short time. The intermediate support zone of $ 0.008918 can determine whether the uptrend will continue. #CryptoDeNostradame #ParrotBambooCrypto

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