1. Market dynamics


1. BTC fell less than the US stock market. Altcoins fell across the board, but on-chain local dogs were active.


2. U.S. stocks fluctuated upward, with Nvidia leading the rise in technology stocks. The Bank of Japan plans to raise interest rates in December.


2. Market focus


1. MEME’s NEIRO, TURBO, BABYDOGE, etc. have increased. These are all Bn new coins, and NEIRO is the first.


2. MOODENG (SOL), SPX, Harry Potter BITCOIN, GIGA and other on-chain local currencies have surged, with the latter three hitting new highs. MOODENG on the SOL chain has rebounded and regained the Hippo Dragon One. MEME has begun to be excavated. SPX and Harry Potter BITCOIN are both old MEMEs of CULT cult culture. SPX has obviously changed dealers. If MEME had not opened contracts on the exchange, the rise would have been even stronger.


3 popular altcoins that will take off in 2024! Do you own one?


UN


OKB is trading at $42.87, up 1.58% in the past 24 hours. OKB has been performing well over the past 30 days, closing higher than opening 21 out of 30 days, a success rate of 70%. Currently, the token is trading close to its cycle highs, indicating strong market activity. As of October 8, 2024, the overall market sentiment remains bullish, supported by 23 technical indicators showing positive momentum.


OKB is expected to trade in a wider range of $40.21 to $56.86 for the rest of 2024. If the upper target is reached, the token could surge by a massive 33.88% to $56.86.


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BNB


Binance recently announced the listing of Scroll (SCR) on its Launchpool and pre-listing platform. Users can receive an SCR airdrop in two days by locking BNB and FDUSD. Scroll is an Ethereum zkEVM layer 2 solution and marks Binance’s first pre-listing project.


Binance Coin (BNB) is trading at $583, up 0.71% in the past 24 hours. In the past year, BNB has gained 180%, outperforming 76% of the top 100 cryptocurrencies, including Bitcoin and Ethereum. The stock is currently up 9.09% from its 200-day simple moving average (SMA) of $532.14, indicating strong momentum.


BNB has been performing steadily, with 19 green days in the past 30 days, equivalent to 63%, showing high liquidity relative to its market capitalization. According to the forecast, the price of BNB may increase by 21.22% and may reach $696.57 by November 7, 2024. The current sentiment remains bullish, supported by the neutral Fear and Greed Index of 49.


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MSEK


Maker (MKR) is currently priced at $1,412, up 0.88% in the past 24 hours. Over the past year, the price has increased by 3%. In addition, Maker has 15 green days (50% of the past 30 days) with daily closing prices higher than the opening price.


Looking at the short-term price prediction, Maker is expected to remain between $1,417.37 and $1,960.37 this week, with the potential for a 38.31% increase by October 14, 2024, if the upper price estimate is reached. For the following week, the forecast range is $1,960.37 to $2,602.04, with the potential for a 32.73% increase by October 21, 2024, if the higher prediction holds true.


In the long term, Maker could trade between $1,412 and $4,181.71. If MKR reaches the high end of this range, it would represent a 195.54% increase from the current price. These forecasts provide insights into short-term and year-end expectations, offering investors a wide range of potential outcomes.


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