BTC Below $60k Again 🌡 Sellers have seized the initiative | TopCryptoNews on Binance Square

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BTC Below $60k Again 🌡

Sellers have seized the initiative after news of the SEC's lawsuit against cryptocurrency market maker Cumberland for operating without a license.
#BTC #Bitcoin $BTC 

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⭐️ Top Real World Assets Coins to Invest in October: Key Players to Watch Avalanche(#AVAX ) typical transactions are significantly faster Avalanche has consequently evolved as a major rival of Ethereum, with its major specialty areas being dApps and bespoke blockchain environments. Used with the breakthrough Architecture for scalable blockchains, Avalanche brings scalability without compromising the number of transactions it can handle challenged by other solutions with as much as 6,500 TPS. The network’s unique structure comprises three specialized blockchains: The X-chain, the C-chain, and the P-chain, with the last three letters referring to ‘Chain.’ This significantly differs from the homogeneous node validation methods used by Ethereum and Bitcoin. Also, Avalanche uses various consensus types suitable to each chain while increasing efficiencies. Chainlink(#LINK ) has added to its decentralized Oracle network However, the Chainlink that is known today was only founded in 2017 and has a key role in the development of new technologies in this segment. Consequently, as a decentralized oracle network, it allows blockchains to respond to external data, which is mostly necessary for complicated smart contracts. With Chainlink’s increasingly diverse community, there are data suppliers, node runners, and developers to guarantee public involvement. This strong network benefits smart contracts and solidifies Chainlink as a driving force in blockchain integration. VeChain(#VET ) is Implementing Blockchain Technology VeChainThor has been established as an enterprise-grade Layer 1 smart contract platform for deploying real-world utility solutions. Founded in 2015 the IoT chain aims to solve several issues in industries by developing IoT combined with blockchain. VeChain operates under a multisig wallet system with VET and VTHO to balance costs and make user gas fee payouts. This makes the platform more attractive for onboarding businesses and individuals into the Web3 world with unique apps like VeBetterDAO in cooperation with the Boston Consulting Group.

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🐸 PEPE Targets $0.000010 as Meme Coins Gain Fresh Interest The meme coin market is experiencing a resurgence. Over the past month, the sector’s capitalization has grown by 24%, indicating a spike in trading activity. This general rally is driving an interest in frog-themed PEPE, which has seen a gradual spike in demand. The popular meme coin currently trades at $0.0000092, noting a 4% uptick over the past week. 🔸 Pepe Sees Renewed Interest PEPE’s price daily active address (DAA) divergence has steadily increased, suggesting growing accumulation among market participants. Tthe metric’s value stands at 35.16%. DAA compares an asset’s dynamics with the changes in its number of daily active addresses. Investors use it to track whether network activity supports the price movements. A rising, positive value suggests that an increasing number of unique addresses are becoming active on the network and trading the asset. PEPE’s gradual price rally over the past week, combined with its positive daily active address (DAA) divergence, is a bullish indicator of growing interest in the coin and confirms market demand for the meme coin. Additionally, PEPE’s Mean Coin Age has been on the rise, currently sitting at 31.44, reflecting a 2% increase over the past two days. This metric tracks the average age of coins in circulation, measuring how long they have been held without being moved or spent. An increase in Mean Coin Age signals network-wide accumulation, indicating that investors are confident in PEPE’s future value and are choosing to hold rather than sell. 🔸 PEPE Price Prediction: Meme Coin Sets Sight on $0.000010 The continued preference for accumulation over distribution by PEPE holders is likely to sustain its upward trend. If the bullish sentiment surrounding the meme coin intensifies, its price could rise toward the next major resistance at $0.000010. However, this outlook would be invalidated if buying pressure diminishes. In that case, PEPE’s price could lose its recent gains and drop to $0.0000083. #Pepe

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📈 Uniswap introduces Unichain, sparking a 12% surge in UNI token Decentralized exchange Uniswap‘s UNI token surged following the announcement of Unichain, the platform’s Ethereum layer-2 network. That UNI rose over 12%, reaching $8.07—the highest it’s been in three months. This rise made UNI the top-performing digital asset in the market, which otherwise saw major tokens like Bitcoin lose about 2% of their value. As the governance token of Uniswap, a leading decentralized exchange with over $2.4 trillion in trading volume, UNI is ranked among the top 25 digital assets by market capitalization. Unichain On Oct. 10, Uniswap Labs unveiled Unichain as a key solution in advancing Ethereum’s scaling roadmap. Designed with DeFi users and protocols in mind, Unichain is built on the Optimism Superchain, an Ethereum layer-2 (L2) network utilizing Optimistic rollups. Unichain promises one-second block times, delivering near-instant transaction speeds. This enhancement improves user experience, boosts market efficiency, and reduces losses from miner extractable value (MEV). Furthermore, Unichain offers around a 95% reduction in transaction costs compared to Ethereum’s layer-1, with the potential for even lower fees in the future. Unichain also plans to introduce a decentralized validation network, allowing nodes to verify blocks. This feature will add extra security and reduce the likelihood of conflicting or invalid blocks. Unichain will support seamless multi-chain swaps, ensuring fast and secure cross-chain transactions. As part of the Optimism Superchain, it offers native interoperability while adhering to standards like ERC-7683 to make cross-chain swaps smoother. Unichain will be MIT-licensed to encourage widespread adoption of the technology. The network’s testnet is now live, with a mainnet launch expected soon. #UNI #Uniswap

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⭕️ Optimism’s 10 Million OP Airdrop Might Trigger a 64% Rally in Price Optimism (OP) price has shown signs of a bullish trend as it continues to move within an ascending triangle pattern, which often signals upward price movement. The Layer 2 chain has recently gained attention with its fifth airdrop, distributing 10.3 million OP tokens. This event has the potential to fast-track the bullish outlook for OP, offering a chance for a significant price rally. 🔸 Optimism Investors Turn Bullish Over the last 24 hours, Optimism completed its fifth airdrop. It distributed over 10.3 million OP tokens worth over $15 million to more than 54,000 addresses. This airdrop brings greater attention to the platform. Hence, some investors view it as a bullish event. While there are concerns that the increase in token supply could negatively affect the price, this impact is unlikely in the short term since many investors are choosing to hold rather than sell. The Realized Profit/Loss metric is exhibiting no spikes at the moment. Spikes above the zero line are a sign of profit-taking among investors, and the lack of the same shows resilience. OP holders will likely maintain this stance as they await a rise in price. The airdrop has generated positive market sentiment, reinforcing optimism for the token’s future performance. With investors recognizing the potential for higher profits, the likelihood of mass sell-offs remains low, allowing the price to stabilize and possibly rise further. The event has also expanded the reach of the project, potentially bringing in new participants. On the macro front, the network growth metric, which tracks the creation of new addresses, indicates strong momentum for Optimism. Following the airdrop, network growth surged by 611% in a single day, highlighting the influx of new users and heightened interest in the platform. This metric is a reliable indicator of a project’s long-term potential, and for Optimism, this surge suggests that the network is gaining significant traction. #OP #Optimism

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⚡️ Worldcoin Global Expansion Continues with Dominican Republic Launch Worldcoin has launched its World ID verification service in the Dominican Republic, continuing its expansion across multiple regions. The service aims to provide secure and efficient identity verification for users in the country. With World ID in the Dominican Republic, Worldcoin makes it easier for you to verify your identity and gives people a quicker and more accurate method for digital identification. This move is part of Worldcoin’s efforts to improve the security and efficiency of identity verification, addressing the growing concern about needing safe and private ways to confirm one’s identity online. This launch in the Dominican Republic follows Worldcoin’s earlier launch of its service in Poland. In September, the firm introduced the service in Warsaw, where users can verify their identity using orbs. Worldcoin pointed out the importance of this technology and that the goal is to provide a more secure way for individuals to prove that they are real. 🔸 Worldcoin Market Performance As of press time, the price of Worldcoin (WLD) stood at $1.75, reflecting a 6.11% decrease in value over the past 24 hours. Worldcoin’s market capitalization has also dropped, currently at $907.2 million, ranking it 71st among crypto assets. Further, Worldcoin has fallen since reaching its peak of over $3.00 in late July 2024. The token’s price made recovery attempts in mid-September, briefly rising above $2.00 before declining again. Moreover, the primary technical indicators signal a continuation of the bearish trend. At the time of writing, the RSI hovered at 49.45, below the neutral level of 50, indicating a balanced but cautious market. The MACD indicator reflects neutral sentiment, with minimal divergence between the MACD line and the signal line, suggesting a lack of momentum in either direction. #WLD #Worldcoin

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