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Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen
Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (âPluto Studioâ), the GameFi publishing platform that launched Catizen.
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in todayâs Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.Â
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital âMeowverseâ, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.
âBinance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (âPluto Studioâ), the GameFi publishing platform that launched Catizen.
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in todayâs Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.Â
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital âMeowverseâ, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.
âBinance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (âPluto Studioâ), the GameFi publishing platform that launched Catizen.Â
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in todayâs Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.Â
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital âMeowverseâ, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.Â
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.Â
âBinance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (âPluto Studioâ), the GameFi publishing platform that launched Catizen.Â
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in todayâs Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.Â
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital âMeowverseâ, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.Â
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.Â
âBinance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
SEC Claims âCrypto Asset Securityâ Term Was Only Shorthand
The U.S. Securities and Exchange Commission (SEC) has stated that it used the term âcrypto asset securityâ as a linguistic shortcut and not as a specific identification of any particular token as a security.
The clarification came as a footnote within the agencyâs proposed amended complaint against Binance about the latterâs sale of these assets and the broader set of contracts and understandings related to these sales.
The SEC pointed out that it apologizes for any inconvenience that may have been caused and that it shall not use the term in the future. It has attracted much criticism from the major players in the cryptocurrency industry, especially the SECâs credibility.
The agency pointed to its position in the Telegram case but said its language might have confused. SECâs decision has created more doubts regarding the SECâs approach toward digital assets, with many people citing inconsistencies in previous statements.
SECâs Shifting Crypto Terminology Sparks Backlash
The SECâs effort to explain its stance further has attracted a lot of backlash from significant players in the crypto space. In its motion to dismiss, Coinbaseâs Chief Legal Officer, Paul Grewal, noted that the SEC had once described XRP as a cryptocurrency in its complaint against Ripple Ltd.
This statement contrasts with the current position of the SEC, which stated that âcrypto asset securityâ was not intended to classify each token as a security. Also, Rippleâs Chief Legal Officer Stuart Alderoty complained that the agency has been taking contradictory stances.
The SECâs problem was to prove that some of these digital assets fall under the Howey test to determine that an investment contract is a security. Galaxy Digitalâs CEO said that the SECâs changing language erodes its authority in regulating the crypto market.
#SEC #XRP #Ripple #CryptoNews #BinanceLaunchpoolCATI $XRP $BTC $BNB
The U.S. Securities and Exchange Commission (SEC) has stated that it used the term âcrypto asset securityâ as a linguistic shortcut and not as a specific identification of any particular token as a security.
The clarification came as a footnote within the agencyâs proposed amended complaint against Binance about the latterâs sale of these assets and the broader set of contracts and understandings related to these sales.
The SEC pointed out that it apologizes for any inconvenience that may have been caused and that it shall not use the term in the future. It has attracted much criticism from the major players in the cryptocurrency industry, especially the SECâs credibility.
The agency pointed to its position in the Telegram case but said its language might have confused. SECâs decision has created more doubts regarding the SECâs approach toward digital assets, with many people citing inconsistencies in previous statements.
SECâs Shifting Crypto Terminology Sparks Backlash
The SECâs effort to explain its stance further has attracted a lot of backlash from significant players in the crypto space. In its motion to dismiss, Coinbaseâs Chief Legal Officer, Paul Grewal, noted that the SEC had once described XRP as a cryptocurrency in its complaint against Ripple Ltd.
This statement contrasts with the current position of the SEC, which stated that âcrypto asset securityâ was not intended to classify each token as a security. Also, Rippleâs Chief Legal Officer Stuart Alderoty complained that the agency has been taking contradictory stances.
The SECâs problem was to prove that some of these digital assets fall under the Howey test to determine that an investment contract is a security. Galaxy Digitalâs CEO said that the SECâs changing language erodes its authority in regulating the crypto market.
#SEC #XRP #Ripple #CryptoNews #BinanceLaunchpoolCATI $XRP $BTC $BNB
dogwifhat (WIF) Price Prediction 2024, 2025, 2026-2030
#DogWifhat #WIF #Memecoins #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR $WIF $DOGS $BTC
#DogWifhat #WIF #Memecoins #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR $WIF $DOGS $BTC
Although Volatility has Peaked, the XRP Price Rally is Expected to Remain StableâHereâs Why!
Although Volatility has Peaked, the XRP Price Rally is Expected to Remain StableâHereâs Why!
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past weekâs trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.Â
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.Â
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.Â
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past weekâs trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.Â
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.Â
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.Â
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
Although Volatility has Peaked, the XRP Price Rally is Expected to Remain StableâHereâs Why!
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past weekâs trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.Â
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.Â
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.Â
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past weekâs trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.Â
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.Â
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.Â
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
Bitcoin Once this level is broken, the rise will accelerate, and altcoins will surge.Â
#BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #GrayscaleXRPTrust #DOGSONBINANCE
#BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #GrayscaleXRPTrust #DOGSONBINANCE
Bitcoin Price Faces Potential Decline as Key BTC Metrics Signal Warning
đ„AIG Airdrop Is Live đ„ Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Onlineâ
Bitcoinâs price trends have captured the attention of market analysts as it teeters around a critical threshold. According to Ali Martinez, a crypto analyst, historically when Bitcoin falls below the Realized Price-to-Liveliness Ratio, set at $51,600, further price declines often follow.Â
This drop can push Bitcoin down to its Realized Price, which stands at $31,500. With Bitcoinâs at press time priced at $54,414.30, and a minor 0.27% increase in the last 24 hours, the market is closely watching its next move.
Bitcoinâs Market Performance and Key Metrics
As per DefiLlama data Bitcoinâs trading activity has remained steady, with a 24-hour volume of $16.6 billion. The total value locked (TVL) within the Bitcoin ecosystem stands at $483.58 million, reflecting the capital invested across its decentralized landscape.Â
Over the past 24 hours, Bitcoin has generated $408,744 in network fees and processed a trading volume of $5,482. These figures, coupled with 666,660 active addresses, showcase the extensive and active user base supporting the Bitcoin network.
Social Trends Correlating with Bitcoinâs Decline
Recent analysis reveals that social trends are playing a role in Bitcoinâs price movements. Santiment data shows a steady decline in Bitcoinâs price despite occasional fluctuations.
Social dominance has spiked during several key points, but overall remains stable. This suggests that while there is heightened activity and attention surrounding Bitcoin, it is not enough to shift the current downward trend. The social volume reflects periodic increases, often aligning with the spikes in social dominance.
#Bitcoin #Altcoins #CryptoNews #BTC #USNonFarmPayrollReport $BTC $ETH $USDC
đ„AIG Airdrop Is Live đ„ Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Onlineâ
Bitcoinâs price trends have captured the attention of market analysts as it teeters around a critical threshold. According to Ali Martinez, a crypto analyst, historically when Bitcoin falls below the Realized Price-to-Liveliness Ratio, set at $51,600, further price declines often follow.Â
This drop can push Bitcoin down to its Realized Price, which stands at $31,500. With Bitcoinâs at press time priced at $54,414.30, and a minor 0.27% increase in the last 24 hours, the market is closely watching its next move.
Bitcoinâs Market Performance and Key Metrics
As per DefiLlama data Bitcoinâs trading activity has remained steady, with a 24-hour volume of $16.6 billion. The total value locked (TVL) within the Bitcoin ecosystem stands at $483.58 million, reflecting the capital invested across its decentralized landscape.Â
Over the past 24 hours, Bitcoin has generated $408,744 in network fees and processed a trading volume of $5,482. These figures, coupled with 666,660 active addresses, showcase the extensive and active user base supporting the Bitcoin network.
Social Trends Correlating with Bitcoinâs Decline
Recent analysis reveals that social trends are playing a role in Bitcoinâs price movements. Santiment data shows a steady decline in Bitcoinâs price despite occasional fluctuations.
Social dominance has spiked during several key points, but overall remains stable. This suggests that while there is heightened activity and attention surrounding Bitcoin, it is not enough to shift the current downward trend. The social volume reflects periodic increases, often aligning with the spikes in social dominance.
#Bitcoin #Altcoins #CryptoNews #BTC #USNonFarmPayrollReport $BTC $ETH $USDC
Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle
Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle
đ„AIG Airdrop Is Live đ„ Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Onlineâ
Key PointsSwan Bitcoinâs CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoinâs CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippstenâs predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The modelâs median target for early 2025 is $115,000, closely aligning with Klippstenâs prediction. However, itâs important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoinâs price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
đ„AIG Airdrop Is Live đ„ Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Onlineâ
Key PointsSwan Bitcoinâs CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoinâs CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippstenâs predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The modelâs median target for early 2025 is $115,000, closely aligning with Klippstenâs prediction. However, itâs important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoinâs price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle
đ„AIG Airdrop Is Live đ„ Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Onlineâ
Key PointsSwan Bitcoinâs CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoinâs CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippstenâs predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The modelâs median target for early 2025 is $115,000, closely aligning with Klippstenâs prediction. However, itâs important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoinâs price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
đ„AIG Airdrop Is Live đ„ Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Onlineâ
Key PointsSwan Bitcoinâs CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoinâs CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippstenâs predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The modelâs median target for early 2025 is $115,000, closely aligning with Klippstenâs prediction. However, itâs important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoinâs price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally
Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally
Bitcoinâs price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEXâs co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset âmightâ rise in the following days due to Janet Yellenâs weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
Bitcoinâs price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEXâs co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset âmightâ rise in the following days due to Janet Yellenâs weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally
Bitcoinâs price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEXâs co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset âmightâ rise in the following days due to Janet Yellenâs weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
Bitcoinâs price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEXâs co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset âmightâ rise in the following days due to Janet Yellenâs weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
Ripple CTO Breaks Silence on RLUSD Stablecoin Rumors
Ripple CTOÂ David Schwartz recently addressed speculation surrounding the RLUSD stablecoin. In a tweet, Schwartz indicated that RLUSD might likely be accessible only to institutions, at least initially.
In his tweet, Schwartz stated, âIt will probably only ever be available directly to institutions. Can you get USDC from Circle or USDT from Tether? Because I canât.â
Schwartz was responding to an X user who asked if RLUSD could be only available, at least initially, to institutions and not crypto retail.
The X user proposed that restricting RLUSD to institutional access could protect it from risks linked to other stablecoins, like USDT, which has been criticized for alleged connections to money laundering and concerns over its stability.
Schwartz further addressed concerns about potential manipulation of the RLUSD stablecoin, stating, âI donât think thatâs likely to happen except maybe in very early test phases before anyone is really using it to move or store value.â
Ripple USD (RLUSD) is currently being tested in private beta on XRP Ledger and Ethereum mainnet. As reported, the Ripple CEO Brad Garlinghouse at a recent XRPL event indicated that the Ripple stablecoin was gearing much closer to its release, suggesting a timeline of âweeks.â
As RLUSD moves closer to its anticipated launch, Schwartzâs statements offer insight into Rippleâs cautious approach to rolling out RLUSD.
Ripple USD stablecoin
In April, Ripple announced plans to introduce a stablecoin tied 1:1 to the USD on XRP Ledger and Ethereum.
This initiative is intended to broaden Rippleâs reach into institutional and DeFi markets, diversify use cases and improve its payments infrastructure, bringing traditional and decentralized finance closer together.
#RLUSD #USD #Ripple #XRP #CrypoNews $XRP $BTC $ETH
Ripple CTOÂ David Schwartz recently addressed speculation surrounding the RLUSD stablecoin. In a tweet, Schwartz indicated that RLUSD might likely be accessible only to institutions, at least initially.
In his tweet, Schwartz stated, âIt will probably only ever be available directly to institutions. Can you get USDC from Circle or USDT from Tether? Because I canât.â
Schwartz was responding to an X user who asked if RLUSD could be only available, at least initially, to institutions and not crypto retail.
The X user proposed that restricting RLUSD to institutional access could protect it from risks linked to other stablecoins, like USDT, which has been criticized for alleged connections to money laundering and concerns over its stability.
Schwartz further addressed concerns about potential manipulation of the RLUSD stablecoin, stating, âI donât think thatâs likely to happen except maybe in very early test phases before anyone is really using it to move or store value.â
Ripple USD (RLUSD) is currently being tested in private beta on XRP Ledger and Ethereum mainnet. As reported, the Ripple CEO Brad Garlinghouse at a recent XRPL event indicated that the Ripple stablecoin was gearing much closer to its release, suggesting a timeline of âweeks.â
As RLUSD moves closer to its anticipated launch, Schwartzâs statements offer insight into Rippleâs cautious approach to rolling out RLUSD.
Ripple USD stablecoin
In April, Ripple announced plans to introduce a stablecoin tied 1:1 to the USD on XRP Ledger and Ethereum.
This initiative is intended to broaden Rippleâs reach into institutional and DeFi markets, diversify use cases and improve its payments infrastructure, bringing traditional and decentralized finance closer together.
#RLUSD #USD #Ripple #XRP #CrypoNews $XRP $BTC $ETH
Analysts Foresee XRP Price Surge
On December 20, 2020, Ripple encountered an unexpected and prolonged lawsuit from the SEC centered around XRP.
The cryptocurrency, which was performing exceptionally well at the time, saw its value plummet, dropping below $1 and remaining in that range for an extended period. Since then, XRP has only surpassed the $1 mark once, raising questions about when it might achieve this level again.
Despite the current market trends, analysts continue to hold optimistic expectations for XRPâs future.Analystsâ Positive Outlook
Analyst opinions play a crucial role in understanding different perspectives on cryptocurrencies. Recently, three analysts shared their bullish expectations for XRP, regardless of its ongoing price volatility.
First, EGRAG CRYPTO, known for his optimistic views on XRP, garnered attention with his comments. He stated, â#XRP 540 Days Since March 13, 2023! If you are shaken by these small moves, you donât deserve the BIG MEGA RALLY coming! #XRPArmy STAY ALERT.â
Which Level Needs to Be Broken?
Another market analyst, Crypto Michael, highlighted a critical level for XRP. He noted that a significant price increase could occur once XRP breaches the $0.55 mark, potentially leading to a sharp rise.
Lastly, Amonyx, a closely followed analyst on X, excited investors with his positive outlook. He emphasized that patience is more crucial than the size of the investment when it comes to XRP.
Current Status and Key Insights
Despite the bullish sentiments, current indicators do not fully reflect this optimism:
XRP is trading at $0.5292 with a 0.12% increase in the last 24 hours. The coin experienced a 5.36% drop in the past week. XRPâs market cap stands at $29.8 billion. Trading volume has decreased to $491 million, showing a decline in interest.
These observations suggest that while analysts are hopeful, market conditions remain cautious.
#SEC #Ripple #Altcoins #CryptoNews $XRP $BTC $ETH
On December 20, 2020, Ripple encountered an unexpected and prolonged lawsuit from the SEC centered around XRP.
The cryptocurrency, which was performing exceptionally well at the time, saw its value plummet, dropping below $1 and remaining in that range for an extended period. Since then, XRP has only surpassed the $1 mark once, raising questions about when it might achieve this level again.
Despite the current market trends, analysts continue to hold optimistic expectations for XRPâs future.Analystsâ Positive Outlook
Analyst opinions play a crucial role in understanding different perspectives on cryptocurrencies. Recently, three analysts shared their bullish expectations for XRP, regardless of its ongoing price volatility.
First, EGRAG CRYPTO, known for his optimistic views on XRP, garnered attention with his comments. He stated, â#XRP 540 Days Since March 13, 2023! If you are shaken by these small moves, you donât deserve the BIG MEGA RALLY coming! #XRPArmy STAY ALERT.â
Which Level Needs to Be Broken?
Another market analyst, Crypto Michael, highlighted a critical level for XRP. He noted that a significant price increase could occur once XRP breaches the $0.55 mark, potentially leading to a sharp rise.
Lastly, Amonyx, a closely followed analyst on X, excited investors with his positive outlook. He emphasized that patience is more crucial than the size of the investment when it comes to XRP.
Current Status and Key Insights
Despite the bullish sentiments, current indicators do not fully reflect this optimism:
XRP is trading at $0.5292 with a 0.12% increase in the last 24 hours. The coin experienced a 5.36% drop in the past week. XRPâs market cap stands at $29.8 billion. Trading volume has decreased to $491 million, showing a decline in interest.
These observations suggest that while analysts are hopeful, market conditions remain cautious.
#SEC #Ripple #Altcoins #CryptoNews $XRP $BTC $ETH
Top Analyst See BTC Potential Drop to $31,500? Hereâs Why
Despite early hopes for a steady price rise with the start of a typically bullish Q4, Bitcoin is struggling to hold its ground, recently dropping to $54,000. Due to its ongoing bearish trend, prominent crypto analyst Ali Martinez has warned that Bitcoin could decline further, potentially dropping to $31,500. Hereâs why analysts predict this drop.Â
Stark Warning: BTC Plunging To $31,500
In a recent tweet post, Ali Martinez pointed out that historically, Bitcoin tends to experience further declines once it falls below the Realized Price-to-Liveliness Ratio. This key metric, currently at $51,600, is an important indicator that tracks the cost basis of Bitcoin holders and the overall market activity.Â
If Bitcoin breaks below this level, Martinez believes the next stop could be $31,500, which is the Realized Price, an average price at which all Bitcoins in circulation are bought. This pattern has been observed in previous market cycles.Â
When Bitcoin drops below the Realized Price-to-Liveliness Ratio, it tends to continue its drop further until it reaches the Realized Price which is at $31,500.Â
Meanwhile, Martinezâs warning comes as Bitcoin has been struggling to maintain momentum after a recent market downturn, and the crypto market is closely watching these critical levels.
Bitcoin Price Action
As of now, bitcoin price is trading around $54,340, reflecting a rise of 1% seen in the past 24 hours. Despite this BTC trading volume has seen a drop of 62%, currently hovering at $18 billion, with a market cap of $1.07 trillion. At the same time, Bitcoinâs dominance in the market has dropped slightly to 56.81%, reflecting a 0.09% decrease in the last day.Â
Meanwhile, recent data from Soso shows Bitcoin ETFs experienced a major outflow of $706.19 million by September 6, the largest since these exchange-traded products were launched this year.
#Bitcoin #BTC #Cryptonews #USNonFarmPayrollReport #TON $BTC $ETH $BNB
Despite early hopes for a steady price rise with the start of a typically bullish Q4, Bitcoin is struggling to hold its ground, recently dropping to $54,000. Due to its ongoing bearish trend, prominent crypto analyst Ali Martinez has warned that Bitcoin could decline further, potentially dropping to $31,500. Hereâs why analysts predict this drop.Â
Stark Warning: BTC Plunging To $31,500
In a recent tweet post, Ali Martinez pointed out that historically, Bitcoin tends to experience further declines once it falls below the Realized Price-to-Liveliness Ratio. This key metric, currently at $51,600, is an important indicator that tracks the cost basis of Bitcoin holders and the overall market activity.Â
If Bitcoin breaks below this level, Martinez believes the next stop could be $31,500, which is the Realized Price, an average price at which all Bitcoins in circulation are bought. This pattern has been observed in previous market cycles.Â
When Bitcoin drops below the Realized Price-to-Liveliness Ratio, it tends to continue its drop further until it reaches the Realized Price which is at $31,500.Â
Meanwhile, Martinezâs warning comes as Bitcoin has been struggling to maintain momentum after a recent market downturn, and the crypto market is closely watching these critical levels.
Bitcoin Price Action
As of now, bitcoin price is trading around $54,340, reflecting a rise of 1% seen in the past 24 hours. Despite this BTC trading volume has seen a drop of 62%, currently hovering at $18 billion, with a market cap of $1.07 trillion. At the same time, Bitcoinâs dominance in the market has dropped slightly to 56.81%, reflecting a 0.09% decrease in the last day.Â
Meanwhile, recent data from Soso shows Bitcoin ETFs experienced a major outflow of $706.19 million by September 6, the largest since these exchange-traded products were launched this year.
#Bitcoin #BTC #Cryptonews #USNonFarmPayrollReport #TON $BTC $ETH $BNB
Why Dogecoin Price May Retest $0.10 After Elon Muskâs Post
Elon Muskâs cryptic âD.O.G.Eâ post has once again breathed life into Dogecoin (DOGE), offering a potential recovery from its recent downturn. The billionaire CEO of Tesla has made similar posts on several occasions, and nearly every time, these mentions spark a rise in the meme coinâs value.
However, DOGEâs uptrend after similar events tend to be short-lived. This analysis explores whether the current situation might follow the pattern.
Elon Musk Continues to Give Dogecoin a Hand
On September 7, Musk posted again about the Department of Government Efficiency on X and followed it up with an AI-generated image featuring him and the acronym â D.O.G.E.â Saturday was not the first time Musk, who also doubles as the owner of the X social media platform made such a post.
In August, BeInCrypto reported a similar development that affected Dogecoinâs price, causing it to jump by 6%. Furthermore, the post appears to be in line with the speculation that Musk might play a role in Donald Trumpâs administration if he wins the November US election.
From an on-chain perspective, Muskâs recent action triggered a notable surge in the cryptocurrencyâs social dominance. This spike implies an increase in the active discussion around DOGE.Â
Read more:Â How To Buy Dogecoin (DOGE) and Everything You Need To Know
Dogecoin Social Dominance. Source:Â Santiment
Historically, depending on the broader market condition, this sudden surge positively impacts the price. Consequently, DOGE has been able to notch a price increase while trading at $0.095.
However, according to data obtained from the top 20 exchanges, the meme coin might be able to sustain the price increase this time. According to IntoTheBlock, the broader market seems prepared to bid (buy) over 500 million coins, which are valued at over $50 million.
This value is much more than the 399 million coins allocated to be sold (ask). If the buy orders continue to outpace the sell side, DOGEâs price could begin a move higher than $0.095.
Dogecoin Exchange Onchain Market Depth. Source:Â IntoTheBlock
DOGE Price Prediction: Here Comes $0.10 Again
According to the 4-hour Dogecoin chart, the meme coinâs price moved from $0.090 to $0.096 after Elon Muskâs post. While it has retraced slightly to $0.095, the Moving Average Convergence Divergence (MACD) suggests that it could move higher.
The MACD is used to analyze price trends by assessing momentum through its histogram bars. When the indicator is below the signal line, bearish momentum dominates, signaling a potential price decline.
On the other hand, when it is above the signal line, it indicates bullish momentum, suggesting the price could rise. The slight divergence between the MACD and Dogecoinâs price hints at a positive outlook for the coin.
Read more:Â 10 Best Altcoin Exchanges In 2024
Dogecoin 4-Hour Analysis. Source:Â TradingView
As such, DOGEâs price could produce a 15% increase that takes it to $0.10. However, this forecast might not come to pass if selling pressure comes into play. If this happens, Dogecoinâs value might drop to $0.094 or as low as $0.088.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
#ElonMusk #Dogecoi #USNonFarmPayrollReport #TON #CryptoNews $DOGE $BTC $BNB
However, DOGEâs uptrend after similar events tend to be short-lived. This analysis explores whether the current situation might follow the pattern.
Elon Musk Continues to Give Dogecoin a Hand
On September 7, Musk posted again about the Department of Government Efficiency on X and followed it up with an AI-generated image featuring him and the acronym â D.O.G.E.â Saturday was not the first time Musk, who also doubles as the owner of the X social media platform made such a post.
In August, BeInCrypto reported a similar development that affected Dogecoinâs price, causing it to jump by 6%. Furthermore, the post appears to be in line with the speculation that Musk might play a role in Donald Trumpâs administration if he wins the November US election.
From an on-chain perspective, Muskâs recent action triggered a notable surge in the cryptocurrencyâs social dominance. This spike implies an increase in the active discussion around DOGE.Â
Read more:Â How To Buy Dogecoin (DOGE) and Everything You Need To Know
Dogecoin Social Dominance. Source:Â Santiment
Historically, depending on the broader market condition, this sudden surge positively impacts the price. Consequently, DOGE has been able to notch a price increase while trading at $0.095.
However, according to data obtained from the top 20 exchanges, the meme coin might be able to sustain the price increase this time. According to IntoTheBlock, the broader market seems prepared to bid (buy) over 500 million coins, which are valued at over $50 million.
This value is much more than the 399 million coins allocated to be sold (ask). If the buy orders continue to outpace the sell side, DOGEâs price could begin a move higher than $0.095.
Dogecoin Exchange Onchain Market Depth. Source:Â IntoTheBlock
DOGE Price Prediction: Here Comes $0.10 Again
According to the 4-hour Dogecoin chart, the meme coinâs price moved from $0.090 to $0.096 after Elon Muskâs post. While it has retraced slightly to $0.095, the Moving Average Convergence Divergence (MACD) suggests that it could move higher.
The MACD is used to analyze price trends by assessing momentum through its histogram bars. When the indicator is below the signal line, bearish momentum dominates, signaling a potential price decline.
On the other hand, when it is above the signal line, it indicates bullish momentum, suggesting the price could rise. The slight divergence between the MACD and Dogecoinâs price hints at a positive outlook for the coin.
Read more:Â 10 Best Altcoin Exchanges In 2024
Dogecoin 4-Hour Analysis. Source:Â TradingView
As such, DOGEâs price could produce a 15% increase that takes it to $0.10. However, this forecast might not come to pass if selling pressure comes into play. If this happens, Dogecoinâs value might drop to $0.094 or as low as $0.088.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
#ElonMusk #Dogecoi #USNonFarmPayrollReport #TON #CryptoNews $DOGE $BTC $BNB
Solana (SOL) loses 12% of its value in the last seven days
Crypto Kaleo, a prominent crypto expert, forecasts that Solana (SOL) may experience a further decline to $120. This decline could perhaps serve as a foundation for a more robust upward movement, allowing for consolidation before trying to reach new record levels.
The expert accurately forecasted a decline in the price of Solana on August 27, and within three days, it dropped to $130. Today, the analyst reported that the value of cryptocurrencies has decreased by approximately 5% in the past 24 hours.
Solana reached its highest value ever (ATH) of $260 in November 2021. Earlier this year, the token reached $200, which led to discussion about a potential new ATH.
On the weekly chart, SOL seems to be exhibiting a recognizable pattern, resembling its descent from $204 to $78 in March 2022. Although the price may not decrease significantly, it will probably decline to $120 or possibly as low as $110.
Last month, the SEC classified Solana (SOL) as a possible security, affecting the launch of SOL ETFs. This has led to the Chicago Board Options Exchange (Cboe) withdrawing the 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have also led to the withdrawal of VanEck and 21Sharesâ 19b-4 forms from Cboe Global Marketsâ website.
#SOL #Solana #USDataImpact #CryptoNews #TON $SOL $BTC $ETH
Crypto Kaleo, a prominent crypto expert, forecasts that Solana (SOL) may experience a further decline to $120. This decline could perhaps serve as a foundation for a more robust upward movement, allowing for consolidation before trying to reach new record levels.
The expert accurately forecasted a decline in the price of Solana on August 27, and within three days, it dropped to $130. Today, the analyst reported that the value of cryptocurrencies has decreased by approximately 5% in the past 24 hours.
Solana reached its highest value ever (ATH) of $260 in November 2021. Earlier this year, the token reached $200, which led to discussion about a potential new ATH.
On the weekly chart, SOL seems to be exhibiting a recognizable pattern, resembling its descent from $204 to $78 in March 2022. Although the price may not decrease significantly, it will probably decline to $120 or possibly as low as $110.
Last month, the SEC classified Solana (SOL) as a possible security, affecting the launch of SOL ETFs. This has led to the Chicago Board Options Exchange (Cboe) withdrawing the 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have also led to the withdrawal of VanEck and 21Sharesâ 19b-4 forms from Cboe Global Marketsâ website.
#SOL #Solana #USDataImpact #CryptoNews #TON $SOL $BTC $ETH
DOGS Token Price Rally: Is a 35% Surge on the Horizon?
Highly publicized dog-themed meme coin based on the Telegram-backed Toncoin (TON) network, Dogs (DOGS), has played a crucial role in onboarding more users to the web3 space. In less than a week after its official trading launch on several centralized exchanges, the Dogs meme project has achieved major milestones including nearly 1 million on-chain holders.Â
As a result, the Dogs meme coin has grown to a mid-cap altcoin with a fully diluted valuation of about $608 million and a daily average traded volume of more than $440 million.Â
Dogs Impact on Toncoin NetworkÂ
The highly liquid project has marketed itself as the most Telegram-native meme coin community. The notable Dogsâ success in its initial phase has played a crucial role in democratizing the Toncoin network.
Furthermore, the Toncoin network is celebrating 1 billion transitions achieved in the past year alone. Despite the recent network outages caused by huge demand for Dogs meme coins and other tokens, the Toncoin blockchain has reassured users of scalable solutions in the future in a secure environment.
The Toncoin network is among the top-tier web3 ecosystems, with over $351 million in total value locked and more than $619 million in stablecoins supply.
Midterm Price ActionÂ
The Dogs meme coin has gained popularity among speculative traders due to its launch process that prioritized the community. As a result, the Dogs meme coin, which was inspired by Pavel Durovâs mascot dubbed Spotty, has been consolidating in preparation for a bullish breakout.Â
From a technical standpoint, DOGS price has been retesting a crucial support range around $0.0011 in the past two days, after breaking out of a four-hour falling logarithmic trend. A consistent close above $0.001166 will propel DOGS towards the next target around $0.0015, which coincided with the four-hour 0.618 Fibonacci Retracement.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #DOGS $DOGS $BTC $ETH
Highly publicized dog-themed meme coin based on the Telegram-backed Toncoin (TON) network, Dogs (DOGS), has played a crucial role in onboarding more users to the web3 space. In less than a week after its official trading launch on several centralized exchanges, the Dogs meme project has achieved major milestones including nearly 1 million on-chain holders.Â
As a result, the Dogs meme coin has grown to a mid-cap altcoin with a fully diluted valuation of about $608 million and a daily average traded volume of more than $440 million.Â
Dogs Impact on Toncoin NetworkÂ
The highly liquid project has marketed itself as the most Telegram-native meme coin community. The notable Dogsâ success in its initial phase has played a crucial role in democratizing the Toncoin network.
Furthermore, the Toncoin network is celebrating 1 billion transitions achieved in the past year alone. Despite the recent network outages caused by huge demand for Dogs meme coins and other tokens, the Toncoin blockchain has reassured users of scalable solutions in the future in a secure environment.
The Toncoin network is among the top-tier web3 ecosystems, with over $351 million in total value locked and more than $619 million in stablecoins supply.
Midterm Price ActionÂ
The Dogs meme coin has gained popularity among speculative traders due to its launch process that prioritized the community. As a result, the Dogs meme coin, which was inspired by Pavel Durovâs mascot dubbed Spotty, has been consolidating in preparation for a bullish breakout.Â
From a technical standpoint, DOGS price has been retesting a crucial support range around $0.0011 in the past two days, after breaking out of a four-hour falling logarithmic trend. A consistent close above $0.001166 will propel DOGS towards the next target around $0.0015, which coincided with the four-hour 0.618 Fibonacci Retracement.
#TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #DOGS $DOGS $BTC $ETH
Investors Sell Shiba Coin Due to Weak Demand
đ„BRED Airdrop Is liveđ„ Get 200,000 BRED Tokens Worth Of $200 USDT, Join Airdrop Now Official Site On: WWW.BREDTOKEN.XYZ
The growing competition among meme coins, coupled with a general lack of investor interest, has created a challenging environment.
 Bitcoin, after reaching a peak this year, has struggled to maintain demand above $70,000. Complications in the ETF market are further exacerbating overall conditions. Amid this backdrop, Shiba Coinâs position remains uncertain. What are the current trends and what can investors anticipate going forward?
Weakness in Shiba Inu (SHIB)
Despite lower-than-expected PCE data and the first Federal Reserve rate cut in 19 days, interest in altcoins remains subdued. Bitcoin has dipped below $58,000, and Shiba Coin holders continue to liquidate. The Realized Loss indicator, which peaked in August, now signals similar levels last seen during the July decline.Â
Significant realized losses are driving investors to sell, further confirming the downward trend for Shiba Coin. The Relative Strength Index (RSI) shows that SHIB has been below the neutral zone for an extended period, indicating a long-standing decline in investor enthusiasm.
What About Other Meme Coins?
Newer meme coins like PEPE Coin and FLOKI are also experiencing weakness, making Shiba Coinâs situation predictable. This trend causes any upward movement by Bitcoin to be seen as a selling opportunity for Shiba Coin and similar assets.
At present, Bitcoin is trading at $58,080, having hit a daily low of $57,946. The weekend appears bleak, known for its low trading volume.
Key Takeaways for Investors
â Monitor the Realized Loss indicator for signs of increased selling pressure.
â Watch the RSI for confirmation of downward trends.
â Be cautious of weekend trading due to historically low volumes.
â Note that Bitcoinâs movements heavily influence meme coin prices.
#ShibaInu #Dogecoin #Memecoins #CryptoNews $DOGE $SHIB $BTC
đ„BRED Airdrop Is liveđ„ Get 200,000 BRED Tokens Worth Of $200 USDT, Join Airdrop Now Official Site On: WWW.BREDTOKEN.XYZ
The growing competition among meme coins, coupled with a general lack of investor interest, has created a challenging environment.
 Bitcoin, after reaching a peak this year, has struggled to maintain demand above $70,000. Complications in the ETF market are further exacerbating overall conditions. Amid this backdrop, Shiba Coinâs position remains uncertain. What are the current trends and what can investors anticipate going forward?
Weakness in Shiba Inu (SHIB)
Despite lower-than-expected PCE data and the first Federal Reserve rate cut in 19 days, interest in altcoins remains subdued. Bitcoin has dipped below $58,000, and Shiba Coin holders continue to liquidate. The Realized Loss indicator, which peaked in August, now signals similar levels last seen during the July decline.Â
Significant realized losses are driving investors to sell, further confirming the downward trend for Shiba Coin. The Relative Strength Index (RSI) shows that SHIB has been below the neutral zone for an extended period, indicating a long-standing decline in investor enthusiasm.
What About Other Meme Coins?
Newer meme coins like PEPE Coin and FLOKI are also experiencing weakness, making Shiba Coinâs situation predictable. This trend causes any upward movement by Bitcoin to be seen as a selling opportunity for Shiba Coin and similar assets.
At present, Bitcoin is trading at $58,080, having hit a daily low of $57,946. The weekend appears bleak, known for its low trading volume.
Key Takeaways for Investors
â Monitor the Realized Loss indicator for signs of increased selling pressure.
â Watch the RSI for confirmation of downward trends.
â Be cautious of weekend trading due to historically low volumes.
â Note that Bitcoinâs movements heavily influence meme coin prices.
#ShibaInu #Dogecoin #Memecoins #CryptoNews $DOGE $SHIB $BTC
