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Crypto De Nostradame
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Will BONK be able to accompany the memecoin bull? BONK, one of the most popular memecoins on the Solana blockchain, signaled a bull run by rising 33 percent in the last 30 days. The rise of the leading crypto Bitcoin ($BTC ) to $ 68,000 has stirred altcoins. Many altcoins have increased by nearly 50 percent from their lows. Memecoins have left their mark on the bull market. The total market value of memecoins has increased from $ 38.19 billion to $ 54.60 billion in the last month. During the same period, the transaction volume in memecoins has increased by nearly 300 percent. The Solana blockchain has hosted the memecoin craze. BONK, which is located on Solana, has increased by 35 percent in the last month. AMBCrypto examined whether BONK will continue its rise. AMBCrypto stated that the BONK price is giving positive signals, while Market Prophit reported that the sentiment in memecoin has turned positive. The analysis suggested that memecoin has broken through the 200-day moving average (EMA) and has gained strong upward momentum with the said move. According to the analysis, if market conditions are positive, BONK price can turn into support at $ 0.00002086. If the support area is maintained, the price can reach $ 0.000025 in a short time. The analysis noted the following; “Simply put, Bonk has recently gained strong upward momentum and is experiencing positive sentiment. If market conditions remain positive, memecoin will challenge the next resistance level. If $ 0.000025 is broken, memecoin can reach $ 0.00003003.” BONK recorded a trading volume of $ 426 million in the last 24 hours. Memecoin's market value reached $1.536 billion. #CryptoDeNostradame #ParrotBambooCrypto
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FLOKI is approaching a potential breakout. Having lost nearly 5 percent in the last 24 hours, Floki (FLOKI) has entered an accumulation phase that points to a potential rally. The Viking-themed memecoin has lost 11.88 percent since October 1. FLOKI was one of the worst performers of the month. Investors’ attention has shifted to new-generation memecoins rather than $SHIB , FLOKI, and DOGE. WIF and NEIRO were some of the most preferred memecoins. AMBCrypto reported that the outlook for the popular memecoin has begun to change. According to the analysis, there was an increase in the amount of FLOKI held by decentralized crypto wallets. The analysis commented, “A savings frenzy was seen that could indicate a potential rally.” FLOKI, which gained 12 percent on October 14, fell 5 percent the other day. The decline was interpreted as an effect of profit taking and uncertainty in the market. The correction in price pulled the Weighted Sentiment data, an important metric, to neutral. The data in question indicated that traders were “undecided.” “There was a decrease in the amount of $FLOKI on centralized exchanges. Investors moved their memecoins to decentralized wallets. This development shows that investors believe in a possible bull.” The analysis, which stated that the selling pressure in FLOKI has decreased, stated that key support levels will be decisive. FLOKI may need to test critical support levels in order to rise again. According to AMBCrypto’s graphic analysis, $FLOKI is trading within a potential rising channel. The memecoin, which lost 5 percent in the last 24 hours, entered the buying zone between $ 0.00145 and $ 0.000135. The price is expected to recover with the buying appetite that may occur in this region. According to the analysis, if the FLOKI price maintains $ 0.00014, it may reach $ 0.00018 again. If the formation breaks downwards, the price is expected to drop to $0.000125. #CryptoDeNostradame #ParrotBambooCrypto
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Tesla transfers $770 million worth of Bitcoin (BTC). Tesla, the electric vehicle giant whose CEO is Elon Musk, has caused panic with a $770 million Bitcoin ($BTC ) transfer. According to on-chain data platform Arkham Research, Tesla moved 11,509 Bitcoins worth $770 million to new addresses. The company, which invested $1.5 billion in Bitcoin in February 2021, moved approximately $770 million worth of BTC to seven new addresses during the night. Tesla made its first wallet activity since selling most of its BTC holdings in 2022. As of October 15, Tesla had 9,720 BTC worth approximately $650 million. However, Arkham stated that Tesla had 11,509 BTC in 68 addresses. This amount corresponds to $770 million according to the current $BTC price. According to BitcoinTreasuries, Musk’s space travel company SpaceX is said to have 8,285 Bitcoins. Tesla is the third largest investor in Bitcoin among publicly traded companies, following MicroStrategy and MARA (formerly Marathon Digital). Tesla’s transfer of BTCs after two years has created fear in the market. This move has gained more importance with the upcoming US elections. Elon Musk’s open support for Donald Trump, who has come to the fore with his crypto-friendly statements, has the power to affect the course of Bitcoin. Crypto investors are focused on Tesla’s wallet activities. The wallet’s activation after two years coincided with a sharp increase in BTC. Whether a new wallet movement will occur in the short term is a matter of curiosity. #CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin (BTC) is getting ready to fly: The big rise is very close! Net inflows from spot ETFs and Trump's lead in the US presidential election have been a doping factor for Bitcoin (BTC). The increase in net inflows to spot ETFs and Trump's lead over Harris on Polymarket (a decentralized prediction platform) have sent Bitcoin soaring. BTC, which has been rising breathlessly since $60,000, continues to give confidence to the market and investors. The Fed's interest rate cut, the upcoming US presidential election and data from spot ETFs have been a driving force for BTC. Bitcoin, which has been priced below the falling channel since March 10, is gradually approaching a breakout. However, the falling channel structure has served as a formidable resistance in the past. If there is a re-emergence of selling pressure from this region (currently $68,000), the price may decline to $64,777 - $62,000 - $59,647 - $56,602 - $52,614 and $50,580, respectively. The $61,500-62,000 range will be decisive in the short/medium term. $BTC may be in a downtrend as long as it remains below this region. If Donald Trump outperforms Kamala Harris in the US presidential election polls or if the net inflow series in spot ETFs continues, the rise in $BTC can be expected to continue. In such a scenario, the $68,000 band will be tested first. Then, a movement towards $70,000 and $73,684 can be followed. If ATH is exceeded, the psychological resistance level of $80,000 can be targeted. Bitcoin spot ETFs saw a total net inflow of $371 million. BlackRock’s IBIT ETF attracted attention with an inflow of $289 million. Ethereum spot ETFs experienced a net outflow of $12.7 million. While Bitcoin is getting stronger every day, Ethereum’s weak outlook continues. According to decentralized prediction platform Polymarket, Donald Trump continues to widen the gap in the US presidential election. Trump has 58.1 percent of the vote in the polls. Kamala Harris, on the other hand, fell by 41.5 percent as of October 16. #CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin (BTC) is pushing the top: 5 critical elements for the bull season! $BTC , which broke $ 65,000 with net inflows from spot ETFs, tested $ 66,900 in a short time. The leader of cryptocurrencies that move upwards with dominance naturally excited investors. Bitcoin's open position (OI) weighted continuous futures funding rate reached its highest level in months. The data in question shows that the current upward trend may continue in the short term. According to CoinGlass data, the current Bitcoin OI weighted funding rate is at 0.0136 percent. This level was seen on June 7, when Bitcoin briefly reached $ 71,950. Positive funding rates generally indicate bullish market sentiment. However, it should be interpreted with caution considering the volatility in cryptocurrencies. According to data from crypto data platform CryptoQuant, Bitcoin open interest (OI) across all exchanges reached an all-time high of $19.7 billion on Oct. 15. This signals more price action as more capital flows into the market. Bitcoin’s potential to reach new record highs is evidenced by on-chain data tracking the supply of $BTC on exchanges, according to data from CryptoQuant. This supply has fallen to a nearly five-year low. As of Oct. 15, centralized cryptocurrency exchanges held approximately $2.68 million worth of BTC. This represents a 20 percent drop from the all-time high of $3.37 million reached in July 2021. This comes amid a 55 percent year-to-date growth in Bitcoin’s price. According to data from SoSoValue Investors, U.S.-based spot Bitcoin ETFs have seen positive flows in four of the last seven trading days, indicating continued interest from institutional investors in these investment products. On Oct. 14, these investment products saw their highest net inflows since June 4, collecting more than $555.8 million. #CryptoDeNostradame #ParrotBambooCrypto
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