#BTC CONFIRMS ANOTHER HIGHER-HIGH AND HIGHER-LOW 🚨 STAY CAL | MiconCrypto on Binance Square

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#BTC CONFIRMS ANOTHER HIGHER-HIGH AND HIGHER-LOW 🚨
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Binance Announcement May Trigger Another Reversal In EigenLayer (EIGEN) Price Crypto exchange pioneer Binance has once again reverberated optimism for EigenLayer (EIGEN) across the broader market on Wednesday, expanding offerings for the token. Intriguingly, the exchange revealed that it is adding the crypto to loanable assets and VIP loans, sparking investor enthusiasm globally. Meanwhile, market watchers speculate whether the enhanced offering could propel a reversal in the coin’s price, given it traded down nearly 4% in tandem with the announcement. Binance Announcement On EIGEN Sparks Investor Enthusiasm As per an official Binance announcement dated October 16, EigenLayer has been integrated into the exchange’s ‘Loans (Flexible Rate) and VIP loans’ starting today. This announcement has set off optimistic waves, offering market participants enhanced exposure when dealing with the asset. Flexible rates allow users to borrow funds at a variable interest rate, adjustable periodically based on market conditions. VIP loans on the platform primarily cater to high-volume users, providing more favorable terms or larger borrowing limits. Altogether, the leading crypto exchange’s announcement fuels optimism on the asset’s future prospects as it magnetizes more investors to the digital asset. Simultaneously, it’s also worth noting that the exchange’s previous plans to bolster the same project have injected additional optimism into the crypto. MiconCrypto recently reported that Binance modified leverage and margin tiers for the abovementioned token. Simultaneously, another report revealed that the exchange introduced trading bots services for EIGEN/TRY. Overall, the enhanced offerings underscore the leading exchange’s support to the project, sparking optimism. Follow Us Like Share Comment Repost

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If a LTC ETF Is Approved? How high could it go in the 2025 bull run with an ETF behind it? Litecoin price experienced a huge boost on Oct. 15 after news of a spot Litecoin ETF application by Canary Capital hit the crypto space. LTC price exploded in one huge 8% 30-minute candle and is still in an uptrend. Litecoin enthusiasts saturated X, taking the opportunity to boast of their early predictions of a Litecoin ETF in 2024. The highest LTC price has ever gone was $410 in May 2021 during the bull run. How high could it go in the 2025 bull run with an ETF behind it? STAY Tuned Follow Us X / trend / IG Like / Share Comment Repost

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Avalanche Price Analysis: $440 Is a Dream, But $160 Is A Reality AVAX Price If An Avalanche ETF Is Approved🧐🧐🧐 The asset is consolidating after a prolonged downtrend, currently trading within a Fibonacci retracement zone, around the 0.786 Fib level (~$23). The recent price action indicates a bottoming pattern, with multiple weekly candles finding support in the $20-$30 range. This suggests the potential for a trend reversal. The first resistance target is the 0.27 Fibonacci extension level (~$74), followed by further targets at $110 and $165 as the AVAX price aims to reclaim higher levels. In the short term, a breakout above $34 would confirm the bullish reversal, with the first short-term target at $62-$74. There is strong support at the 0.786 Fibonacci retracement level (~$23), as this level has historically acted as a reversal point after extended corrections. If AVAX bears decide to push the price below the 0.786 fib levels (~$23), it would signal market weakness and turn the whole setup bearish. The Avalanche price would find lower support around $16, $11, and $8. Can AVAX ETF Boost Avalanche While the approval of an Avalanche-inclusive ETF could significantly boost the AVAX price, the actual impact will depend on various factors, including market conditions, trading volume, and investor demand. Historical trends from Bitcoin and Ethereum’s ETF approvals suggest that AVAX could see substantial gains, with potential price targets ranging from $160 to $440 in an optimistic scenario. Follow Us X / trend / IG like Share Comment

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🚨How High Could AVAX Price Go If an Avalanche ETF Is Approved? AVAX Price If An Avalanche ETF Is Approved Grayscale’s move could potentially boost Avalanche’s price due to increased demand from institutional investors. Additionally, the Digital Large Cap Fund, which includes BTC, ETH, SOL, XRP, and AVAX, is bound to tie the price movements of these four assets together such that NetFlow into the ETF results in the price increase of all four assets. The Avalanche price is trading at $27.75, down 2.6% in the last 24 hours. The asset did not react the same way the LTC price did following the news of the Litecoin ETF application. To better understand how AVAX price might perform after an ETF approval, we can explore how BTC and ETH prices reacted following the approval of their ETFs. When the U.S. SEC approved the spot Bitcoin ETF on January 10, the BTC price jumped 5% before retracing as investors sold the news. However, the asset later rose 57%, topping out at $73,000. As of Oct. 16, the BTC price is trading at $66,000, a 33% increase since the ETF approval. The Ethereum price performance fell short compared to Bitcoin. After the approval of its spot ETF, ETH surged 21% in under 48 hours, nearly reaching $4,000. However, its price action in the months that followed was rather lackluster. We can use the percentage gains from BTC and ETH as benchmarks. Bitcoin’s market cap is 109 times larger than Avalanche’s, and Ethereum’s is 28 times bigger. If AVAX were to react similarly, its price could theoretically surge to $2,943 and $756, respectively. However, adjusting for differences in trading volume, more realistic targets for Avalanche are $440 and $231. Follow Us Like Share Comment

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Immutable X (IMX) Among the other Ethereum tokens, the Immutable X (IMX) shows a steady recovery resonating within two converging trendlines of wedge patterns. A recent reversal from the pattern’s lower trendline has updated the asset from $1.36 to $1.56, registering a 14.3% increase while the market cap surged to $2.54 Billion While the chart setup typically recuperates the bearish momentum for the next breakdown, the buyers could invalidate the thesis if they challenge the overhead trendline. The IMX price is 25% away from surpassing the upper resistance trendline and drives a sustained recovery trend. Follow Us X / trend / IG Like Share Comment Repost

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