💫BlackRock plans to list the BUIDL token in the futures sec | Crypto De Nostradame on Binance Square

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Bullish

💫BlackRock plans to list the BUIDL token in the futures section of cryptocurrency exchanges. -Bloomberg
#CryptoDeNostradame #ParrotBambooCrypto 

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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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