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Sui Price Surges As Tencent Cloud Expands Mysten Labs Partnership.
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Solana Price Prediction: Will SOL Break Above $200? After an impressive breakout last week, Solana (SOL), a rapidly growing layer one (L1) blockchain with many decentralized finance (DeFi) protocols, is gaining significant bullish momentum. Currently valued at about $98 billion, with a daily trading volume averaging around $4.6 billion, this large-cap altcoin has recently retested its support/resistance level above $161, signaling a potential upward movement. Trading at around $168 at the time of writing, Solana’s price is now just 35% away from its all-time high (ATH). From a technical standpoint, SOL needs to consistently close above its July 2024 peak of about $190 to prevent a possible retracement to the support level of approximately $120, which has held steady during the past seven months of consolidation. Why Solana Bulls Remains Undefeated At the heart of the Solana network is the vibrant online community of developers and investors. With around 2,223 validators, the Solana network has scaled to over 330 billion transactions since its inception. In the last 24 hours, the Solana network registered over 7.6 million active addresses, compared to about 350k on the Ethereum (ETH) network. Driven by increasing demand for Solana’s services, including staking, the total value locked (TVL) in the network has reached a multi-year high of about $6.41 billion. Additionally, Solana’s stablecoin market cap has surged to over $3.58 billion. DeFi Activity on the Rise The recent increase in Solana’s DeFi activity can be largely attributed to the meme coin market, which has a valuation of around $11.2 billion and a daily trading volume of about $2.6 billion. #SOL #Solana #ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections $SOL $BTC $ETH

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Crypto Markets Erase Weekend Gains as Rising Treasury Yields Dampen Risk Assets Bitcoin and Ethereum caught a boost over the weekend after the SEC approved options trading for Bitcoin ETFs. Crypto markets turned sharply lower on Monday, erasing weekend gains fueled by the SEC’s approval of options trading for Bitcoin exchange-traded funds (ETFs). On Oct. 18, the SEC granted accelerated approval to 11 spot Bitcoin ETFs to list and trade options on the New York Stock Exchange (NYSE). This move gives investors a new way to hedge their exposure to Bitcoin through listed derivatives, potentially boosting institutional interest in the world's largest cryptocurrency. Bitcoin (BTC) dropped 1.5% to $67,000, while Ethereum (ETH) reversed into the red after trading as high as $2,760. Solana (SOL) rose 4%, while Polkadot (DOT) dipped 3%. The approval also coincided with a surge in total net flows for the U.S.-based spot Bitcoin ETFs, which crossed the $20 billion mark on Oct. 17, highlighting the growing institutional demand for Bitcoin. This comes as Bitcoin dominance, the ratio of Bitcoin’s market cap to the overall crypto market cap, reached 58%, its highest level since April 2021. The global crypto market cap is $2.3 trillion, with Bitcoin alone accounting for $1.34 trillion. BTC ETF Inflows Remain Strong Spot Bitcoin ETFs have been a significant driver of market sentiment this week, with consistent inflows. On Oct. 19, Bitcoin ETFs logged $203 million in inflows, marking a six-day winning streak. The combined value of Bitcoin held by twelve funds stands at $66.1 billion, surpassing the previous record of $62.6 billion set in early June, according to SoSoValue data. This figure now represents 4.89% of Bitcoin's total market cap. “With the SEC’s approval for BTC ETF options to be listed on the NYSE, we believe this will provide the ETF with the needed liquidity to attract sustainable inflows,” QCP Capital analysts wrote. #UptoberBTC70K? #SCRSpotTradingOnBinance #APESurge #Bitcoin #BTC $BTC $ETH $BNB

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Bitcoin dominance surges to 58% as ETF as institutional inflows continue This week has been a pivotal one for the crypto world, with Bitcoin (BTC) experiencing a notable surge of 10.48%, peaking at $69,000. As it approaches the significant psychological threshold of $70,000, there’s a sense of optimism among investors, especially since no major economic reports are anticipated to hinder its progress in the coming week. A key driver behind Bitcoin’s impressive rally was the recent approval by the U.S. Securities and Exchange Commission (SEC) for Bitcoin ETF options to be traded on the New York Stock Exchange (NYSE). This move is expected to enhance liquidity for the ETF, drawing in more stable investments. Over the week, Bitcoin ETFs attracted substantial inflows, culminating in a total of $203.3 million in assets by Friday, marking a successful six-day streak. The ongoing institutional interest is evident from these consistent inflows, as highlighted by QCP broadcast. Additionally, Bitcoin’s market dominance has climbed to a multi-year high of 58%, a level not seen since April 2021. As it nears the 60% resistance mark, analysts predict a potential rebound for layer 1 (L1) coins, which have not kept pace with Bitcoin’s gains. Ethereum (ETH), in particular, is viewed as primed for a rebound, currently sitting 45% below its all-time high, while Bitcoin is just 7.9% away from its peak. #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance #USRetailSalesBoost #BinanceLabsInvestsLombard $BTC $ETH $SOL

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PEPE Price Sees Breakout And Retest: Could It Gain 60% in 2024 Pepe (PEPE) crypto has witnessed slow and steady growth over a wider time frame. Since June, the PEPE price has declined due to resistance from a descending trendline. Additionally, the price triggered a breakout from the trendline, and a retest was observed. During the retest, it smashed the key moving averages. After the retest, the momentum has slowed, holding over the 20-day exponential moving average (EMA). It needs substantial volume to trigger a bullish momentum for a more extended period. Let’s see how the PEPE crypto price performs after the breakout. Could PEPE Price Trigger Another Breakout? Crypto Bulls God (@CryptoBullGod) is optimistic about the PEPE price. He holds the belief that the PEPE coin might be beneficial for the future. He claimed that the price action might repeat history as it has formed another symmetrical triangle pattern weekly. If it triggers a breakout, another bullish momentum can be seen. Technical Analysis of PEPE Price Over 1-D Timeframe Pepe crypto was trading at $0.0000103, which has dropped by 2.37% over the past 24 hours. The market capitalization was $4.36 Billion, and the 24-hour trading volume was $488.77 Million. The bearish trend halted in August, and the momentum slowly shifted toward the buyers’ hands. Since August, the price has been continuously pushed down by the downside. Moreover, the price has departed from the 200-day EMA. If the digital asset price surpasses the last swing high, it could generate a bullish signal. Suppose the PEPE coin price manages to sustain over the $0.0000130 hurdle; strong buying momentum can be seen. If the trading volume remains strong, the price has the potential to gain 60% in the next few months. On the other hand, if the PEPE price doesn’t gain momentum, sellers could dominate soon. Suppose the crypto price starts trading below the 200-day EMA; sellers may dominate further. #pepe #Pepecoin #MemeCoinTrending #WhichMemeCoin? #WhichMemeCoin? $PEPE $BTC $BNB

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Why Is The ApeCoin Price Up 100% Today? ApeCoin (APE), a fundamental asset within the Yuga Labs ecosystem, has witnessed a remarkable price surge of over 100% today. This increase in value is attributed to the recent launch of new technological advancements and incentive programs that will enhance user engagement and expand utility across its network. ApeCoin Price Skyrockets Due to LayerZero Integration ApeCoin has recently upgraded its smart contract to integrate with Layer Zero’s Omnichain Fungible Token (OFT) standard. This development allows APE to function as a utility and governance token and as the native gas on its blockchain, ApeChain. More so, the integration ensures that APE can transfer across ApeChain, Ethereum, and Arbitrum. This sets a new standard for token interoperability and functionality. Moreover, the introduction of a Native Yield mechanism, developed in collaboration with Decent.xyz, is another notable enhancement. It enables ApeCoin holders to automatically earn yields on their tokens without manual intervention. This feature is the default for all externally owned accounts (EOAs), where yields accrued are added directly to the user’s balance with each new block. Market Response and Liquidity Boost The market has responded positively to these updates, with ApeCoin’s trading volume surging over 6,400% to reach $1.84 billion. The positive market response and ApeCoin price surge is reflected in its market cap, which has crossed the $1 billion mark increasing over 100% in 24 hours. In addition, the liquidity on ApeChain has been boosted by the introduction of bridges that facilitate the migration of APE, ETH, and various stablecoins between networks. This capability has enhanced the fluidity of asset movement, attracting both developers and investors to the ecosystem. Similarly, ApeChain’s performance since the update has been impressive, with over $25 million in volume traded within the first 12 hours. #Apecoin #APE #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance $APE $BTC $BNB

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