Market Participants Assess Predictions for SHIB, AVAX, and SOL Coins
Analysis of Shiba Coin
Shiba Coin investors have encountered significant selling pressure after failing to regain support at the $0.00002084 parallel channel. Contributing to this downturn, the recent pullback in BTC prices led to a 26% loss over six days during the second attempt. Although there was a rise from the $0.00001550 support, sales above $0.00001810 are currently restraining further increases.
AVAX Price Forecast
Despite reaching higher peaks on August 24 and September 28, AVAX has again lost momentum. Presently, the price needs to reclaim channel support at $31.63, which is above the current level of $26. After a 55% rise from the August low, it is poised for new support tests due to the halt in making higher peaks.
Solana (SOL) Insights
As a major competitor to Ethereum $2,431, SOL Coin maintains high hopes for rising prices, differentiating itself from many other cryptocurrencies. Bulls have avoided prolonged closes below $125 but are currently encountering resistance around $162. Investors trading between these levels have made substantial gains over the past 178 days, although those holding SOL Coins are frequently returning to their original positions.

Dogecoin $0.00000012311399 (DOGE) has drawn significant attention. This trend, along with the observed increase in DOGE’s price, may herald a potential rise in the meme coin’s value in the upcoming period.
Martinez highlighted the breakout from a multi-year descending triangle, followed by a 200% increase and a subsequent 60% pullback. Historically, Dogecoin (DOGE) has followed this model to rally. After another 65% pullback, Martinez believes the meme coin may be poised for the next significant rise.

Currently, DOGE is trading at 0.112 dollars, reflecting a 1.69% increase, with a daily trading volume surge of 103.1%, reaching 700.54 million dollars. Over the last 24 hours, DOGE has seen a high of 0.1152 dollars and a low of 0.1095 dollars. Furthermore, the open interest for DOGE futures has increased by approximately 5%, rising to 554.1 million dollars.

Technical Analysis and Resistance Levels
Bitcoin’s four-hour chart indicates a retest of the daily resistance area, which ranges from $63,987 to $65,044. A rejection at this level may result in a 1.4% correction, bringing BTC closer to support levels of $61,837 and $60,346.Relative Strength Index (RSI) Status
The RSI indicator hovers around the 60 level and has not yet reached the overbought zone. This situation indicates that traders might expect a short-term correction, allowing BTC to potentially revert to the stated resistance area. A correction that might occur on October 9 or 10 could lead Bitcoin’s price to drop to the $60,000 support level.

Analysts Anticipate an Uptrend
Analyst Jay recently shared on X platform that Bitcoin $63,046 could reach $77,700 by the end of October, reflecting a 30% increase. Based on historical data, Jay emphasized that BTC typically follows a strong upward trend after forming a bottom at the beginning of October.

Bitcoin Price Today at 62 Thousand Dollars
On Friday, Bitcoin $62,134 showed a 2.20% increase and is now trading at the 62 thousand dollar level. As weekends often experience low liquidity,
BlackRock Highlights Bitcoin’s Value as a Hedge Against USD
BlackRock, the world’s largest asset manager, emphasized the importance of Bitcoin at the 2024 Digital Assets Conference in Brazil. The firm noted that the purchasing power of the US dollar has dropped from 1 dollar in 1913 to 0.03 dollars in 2023.
BTC Price Outlook: Is More Decline Expected?
The three-day BTC price chart indicates a trend shift attempt, with higher lows and peaks formed in September. If Bitcoin surpasses the 65.5 thousand dollar level, a rally towards 70 thousand dollars is anticipated.
The daily chart shows that BTC buyers are attempting to revisit the resistance area between 63.9 thousand and 65 thousand dollars. Breaking through this area could increase Bitcoin’s potential to reach new all-time highs.

With a market value of 1.3 trillion dollars, Bitcoin is still in early stages compared to gold and US bonds. It is also viewed as an inflation hedge, serving as an alternative to the weakening purchasing power of the US dollar.

Although the long-term outlook for BTC is quite favorable, a price drop is likely if it cannot surpass the 65 thousand dollar resistance level in the short term. It is crucial for market participants to monitor price movements closely.

Some experts state that Bitcoin is gaining importance as a store of value under current economic conditions and could be a suitable option for portfolio diversification

DEGEN’s Ascendancy
DEGEN aims to reward users within the Farcaster ecosystem who share quality content, bridging online contributions with real-world value. This blockchain protocol facilitates the creation of social networks and promotes interactions among users.Integration with Farcaster Ecosystem
Coinbase also added the Solana $140-based io.net (IO) altcoin to its listing plans, which enhances the potential for these altcoins to trade on the leading U.S. cryptocurrency exchange. io.net is a decentralized AI computing network designed to ease the work of machine learning engineers by providing access to distributed cloud clusters at lower costs. However, unlike DEGEN, IO has experienced a 0.6% decline in the last 24 hours, trading at $1.75 with a weekly loss of 17%.

The inclusion of DEGEN in Coinbase’s listing roadmap is viewed as a positive signal for memecoins, while io.net holds long-term potential in AI and cloud computing. The performance of altcoins listed on exchanges fluctuates based on the size of the exchange and overall market conditions, suggesting that DEGEN’s short-term gains may increase investor interest.

Anatoly Yakovenko, co-founder and CEO of Solana $138, recently delivered strong criticisms against the Biden administration. After Solana (SOL), one of the largest smart contract networks following Ethereum $2,369, faced labeling as a security by the SEC in several lawsuits, Yakovenko expressed his discontent regarding the U.S. government’s failure to create new job opportunities and stimulate local employment.Solana’s Creator: Disappointment in the U.S.
He highlighted that many jobs within the Solana ecosystem could be positioned in the U.S., especially in California, yet they are being relocated overseas. Yakovenko stated that the Biden administration has continuously Countries like the UAE and Qatar are leveraging this situation to attract numerous cryptocurrency companies with clearer regulations. However, companies in the U.S. struggle to open bank accounts to pay their customers due to pressures from the Federal Reserve.

Yakovenko’s Critique of the U.S.
Yakovenko’s remarks come at a time when new reports reflect a slowdown in job growth within the U.S. labor market. Recent JOLTS data from the U.S. Department of Labor indicates that job postings have dropped to 7.7 million, below the predicted 8.1 million, signaling a cooling labor market that may prompt a softer stance from the Federal ReserveFedera, the Strategy Director of the Solana Foundation, discussed the increasing opportunities within the Solana ecosystem, emphasizing that there are currently 237 job listings related to Solana.

Yakovenko insisted that workers for the Solana network should be employed within U.S. borders but expressed frustration over the government’s shortcomings making this increasingly impossible. He underscored the existing challenges in the U.S. labor market and the growth potential within the tech sector, highlighting the adverse impact of the Biden administration’s policies on American job seekers.

Last month, the U.S. Securities and Exchange Commission (SEC) approved options for BlackRock’s Bitcoin $60,446 ETF. Novogratz believes that this product will attract significant interest given Bitcoin’s high volatility, potentially raising its price. While options may increase liquidity, they could disrupt the traditional cyclic patterns seen in cryptocurrencies. Trends that used to develop based on investor demand in the spot market are now becoming much shorter, compelling large capital seeking speculative trades to track spot prices closely.

MicroStrategy Example
Novogratz believes that the trading volume of MicroStrategy illustrates the accumulated demand for Bitcoin ETF options.

Spot Bitcoin ETFs Suffer Major Losses
U.S.-based spot Bitcoin ETFs closed the previous day with losses amounting to $91.7 million. The majority of these losses stemmed from three major fund companies. The most significant withdrawal was noted from Ark Invest’s ETF, which saw an outflow of $60 million. Grayscale’s fund followed with a $27 million outflow, while BlackRock’s ETF closed the trading day with a $13 million withdrawal.
contrast, Fidelity’s ETF managed to attract $21 million in investments, demonstrating that some funds still garnered interest despite the general negativity surrounding spot Bitcoin ETFs.

Increased Interest in Spot Ethereum ETFs
Despite the outflows in spot Bitcoin ETFs, spot Ethereum ETFs continued to attract investor attention. Recent data indicated an inflow of $14 million into spot Ethereum ETFs, with BlackRock’s fund leading the charge, receiving $18 million.

Bitcoin’s Expected Parabolic Rise
MartyParty’s Bitcoin price forecast suggests that the largest cryptocurrency is approaching a parabolic rise following a correction due to escalating conflict in the Middle East. Currently, Bitcoin’s price stands at $61,717. According to the analyst, a further drop to $60,000 may be necessary to initiate this potential parabolic rise.Highlighted Altcoins
MartyParty noted in his analysis based on the Wyckoff Accumulation model that Bitcoin is currently in Phase D, approaching the support level around $60,000. A breakout from the consolidation zone towards $67,000 would indicate the model’s final phase, with potential for prices to exceed $89,982.

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Reef Coin and Dogwifhat Compared to Bitgert
Reef Coin
Reef Coin is a multi chain smart contract blockchain focused on decentralized finance (DeFi), NFT and gaming. Additionally, Reef Coin has several applications like Reefscan blockchain explorer, Reef Wallet, etc. which makes it rather attractive to users who want to try out diverse investments across the crypto shelf.

However, despite being a reputed name in the blockchain world, Reef Coin remains an altcoin whose performance is sometimes marred by transaction speeds and costs. Reef Coin cannot be compared to Bitgert’s high speed and low fees blockchain. So, Reef Coin is not as scalable or effective as Bitgert’s infrastructure.Dogwifhat
Dogwifhat is yet another memecoin, marking its bet in a rather fun approach to investments in crypto. Community driven growth, in this case, has made Dogwifhat popular in its own right. However, similar to the rest of the memecoins, the price of Dogwifhat remains highly susceptible to speculation and lacks utility based fundamentals prevalent in Bitgert.

Dogwifhat might be a fun memecoin but presents no robust technological architecture like that of Bitgert or even Reef Coin. Moreover, as Bitgert keeps rolling out new blockchain solutions, Dogwifhat will face difficult times.

Get ready – October 2024 is shaping up to be a significant month for token unlocks. Celestia ($TIA) is releasing 91.94% of its circulating supply, and Solana ($SOL) is unlocking over $364 million worth of tokens. But that’s just part of the story – this month features some major unlocks that could influence the market in the long run. Our latest unlock report covers all the key details you need to stay ahead. Dive in, and make sure you're prepared.

(BTC) $63,681 remained around the $63,000 level, while leading cryptocurrencies such as Ethereum (ETH) $2,638, Solana $158 (SOL), and XRP exhibited fluctuating trends. In contrast, Bittensor (TAO) and Sui (SUI) achieved significant gains despite the overall market trend.Status of Bitcoin and Major Cryptocurrencies
While Bitcoin’s price dipped to $63,000 after staying above $66,000, ETH, SOL, and XRP displayed daily volatility. The market capitalization of BTC was recorded at $1.26 trillion, showing a slight decrease in market dominance at 55.93%.General Status of the Cryptocurrency Market
The total value of the cryptocurrency market dropped by 0.77% to $2.25 trillion, whereas the total market volume surged by 38.6% to $80.68 billion. This fluctuation has led to speculation among traders.

Bittensor (TAO) rose approximately 9% in the last 24 hours, reaching $605.86. Similarly, SUI increased by over 10%, hitting $1.91. Meanwhile, a decline was observed in the prices of JasmyCoin and Celestia.

These fluctuations in the cryptocurrency market stem from various factors. Notably, large-scale transactions and ETF flows are significant elements influencing market movements.

According to Whale Alert data, large-scale sell-offs took place in the ETH market, potentially affecting investor confidence. Additionally, the purchase of 107.91 BTC by Japan-based Metaplanet may signal the beginning of a bullish trend referred to as “uptober.”

Among memecoins, the prices of Dogecoin $0.00000017850983 and Shiba Inu declined, while some memecoins like dogwifhat and FLOKI gained in value. This reflects the diversity among memecoins and varying investor behaviors.

Market analyses suggest that cryptocurrencies may continue to exhibit volatility in the short term. Therefore, it is crucial for traders to closely monitor market movements.

Overall, the fluctuations in the cryptocurrency market continue to present opportunities and risks for investors. Understanding market dynamics and conducting careful analyses are critical for making informed investment decisions.

Large ETH Transfers Alarm the Altcoin Community
According to Lookonchain data, a wallet associated with Cumberland transferred around $31.88 million worth of 11,800 ETH to the exchange. Additionally, ParaFi Capital withdrew approximately $13.83 million worth of 5,134 ETH from the Lido platform, transferring these ETH to Prime shortly after.
Analyst Predicts ETH Could Reach $20,000
In the short term, crypto analyst Julien Bittel forecasts that Ethereum could rise to $20,000 by early 2025. He noted that ETH could replicate last year’s upward movement based on the 2023 trend and current data.

Bittel shared a chart illustrating Ethereum’s performance from January 2023 to March 2024, indicating that the current trajectory resembles this chart. If this model continues, ETH could achieve significant gains by the end of the year, pushing towards the $20,000 target.

Currently, ETH is trading at around $2,671, reflecting a slight increase of 0.05% in the last 24 hours. During the same period, the price fluctuated between $2,643 and $2,728.

The price chart indicates peaks around $2,700 and troughs near $2,660. Ethereum continues to show resistance at around $2,670 under market pressures.

Despite institutional sell-offs, Ethereum maintains its stability, with a slight price increase observed. The $20,000 target by 2025 appears promising amid market fluctuations, indicating Ethereum’s potential for growth in the short term.

The sell-off activities by large investors in the Ethereum market have the potential to influence overall market trends. These movements by whales are significant indicators for investors and market analysts to monitor closely.

Bitcoin Price Prediction October 2024
As the historical bearish September was overturned, the bulls are expected to have a significant dominance over the rally. The price is believed to maintain a healthy ascending trend throughout the month, withstanding the bearish pressures. By the end of the first month of the quarter, the BTC price is believed to trade close to the pivotal resistance at $68,000.

Bitcoin Price Prediction November 2024
The BTC price is believed to quickly reclaim levels above $70,000 in the first few days of the month, which may boost the confidence of the market participants. As the trade proceeds ahead, fresh liquidity is expected to enter the space, driving the prices of the token close to its ATH. The price is expected to trade around $73,500 to $73,700 by the end of the month.

Bitcoin Price Prediction December 2024
Historically, December has been a bullish month, and it may start with a new ATH above $74,500, while the token may remain within a discovery phase. As the price heads towards the end of the year, the volatility is expected to rise. This could close the yearly trade with a fresh ATH close to $75,000, offering a base to begin a fresh bull run.

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XRP’s Exchanges Reserve Soars
It appears that whales are losing interest in XRP, which may create a negative impact on its price. According to data, during the period of XRP’s consolidation, the exchanges reserve has been continuously rising, which is a negative sign. Current Price Momentum
At press time, XRP is trading near $0.585 and has experienced a price decline of over 1% in the past 24 hours. During the same period, its trading volume has increased by 3%, indicating higher participation from traders amid ongoing consolidation.

XRP Technical Analysis and Upcoming Levels
According to CoinPedia’s technical analysis, XRP is in an uptrend as it trades above the 200 Exponential Moving Average (EMA) on a daily time frame. The 200 EMA is a technical indicator that traders and investors use to determine whether an asset is in an uptrend or downtrend.
Additionally, XRP is in a consolidation zone between the $0.56 and $0.598 levels. A breakout from this zone on either side will provide a clearer picture of whether it will rally upside or crash.

When Will XRP Rally?
Based on the historical price momentum, if XRP breaks out of this zone and closes a daily candle above the $0.60 level, there is a strong possibility it could soar by 20% to reach the $0.72 level. On the other hand, if it breaks down the zone and closes a daily candle below the $0.545 level, a price crash of over 14% could occur.

Currently, XRP’s open interest remains stable with no major changes observed in the last 24 hours, indicating that traders are waiting for a consolidation breakout.

A research report published by VanEck indicated that Solana $149 could rally up to $330.
Advantages of Solana Over Ethereum
According to the report from VanEck, Solana outperforms Ethereum $2,595 in several areas. The report reveals that Solana conducts 3000% more transactions and has 1300% more daily active users compared to Ethereum. Additionally, its transaction fees are significantly lower, making Solana a more efficient and scalable solution.Despite these advantages, SOL‘s market cap remains only 22% of Ether’s value. This indicates that while Solana excels in certain areas, Ethereum’s dominance persists. Although Solana offers speed and low costs, there are alternative solutions providing similar benefits. Moreover, recent updates to Ethereum’s layer 2 solutions have made them ten times more advantageous regarding fees. While Solana’s transaction fees have yet to match Ethereum’s sub-networks, Ethereum continues to make progress.

Solana Price Predictions
Following the report, SOL’s price rose by 3.23% to $151.43, reaching a peak of $153.55 in the last 24 hours. Over the past week, the cryptocurrency gained approximately 17%, indicating a renewed market focus on Solana. Additionally, data from shows that Solana’s open futures positions increased by about 1%, reaching $2.44 billion.

According to the technical analysis mentioned in the report, SOL could reach 50% of Ether’s market value, with price predictions suggesting it may hit $330. Factors driving Solana’s growth include the DeFi sector, stablecoins, and payment systems.On the other hand, decentralized exchanges (DEXs) and DEX aggregators play a significant role in the ecosystem. Their ability to offer fast and low-cost transactions makes SOL Coin more attractive to users. The ongoing expansion of DeFi could support Solana’s growth, but Ethereum remains a formidable competitor with its central position in all major DeFi protocols.

Cutoshi Blends Fun With Utility in Explosive Presale
The Ethereum token Cutoshi (CUTO) is the next memecoin to rival Shiba Inu. Its avatar, the Chinese Lucky Cat, is a famous symbol all over the world, bringing luck and prosperity.

While Cutoshi is a fun memecoin, its main focus is utility. At its core is the Multichain Cutoshi Decentralized Exchange (DEX) which gives its users unparalleled privacy and security. Because Cutoshi takes inspiration from Bitcoin creator Satoshi, it values freedom and privacy. The DEX also has the key benefit of generating revenue for the Cutoshi ecosystem, making it a real utility token.

Cutoshi will also feature NFTs, as an additional way to reward users. These NFTs will go to Cutoshi holders, who can sell them for more profit. Additionally, Cutoshi will have farming, giving even more opportunities to earn. Farming includes collecting points as quest rewards, which convert to Cutoshi tokens. Holders can also stake their tokens for high APY yields.

Currently in its presale phase, Cutoshi is available for the low price of $0.015. As the presale just started, the price will go up in stages. This means that traders who invest first will get the best price for their tokens. Cutoshi will also have merch, giving holders a fun and fashionable way to show their support for the token.

For traders who missed out on Shiba Inu, Cutoshi is a great alternative. With its cute avatar and an abundance of utility, this lucky cat could bring great rewards.

Shiba Inu Sees Huge Growth, But it’s Slowing Down
The “Doge Killer” Shiba Inu (SHIB) has had an impressive performance throughout its lifetime. It went from a small memecoin to a force to be reckoned with. With a $8.33 billion market cap, it became the 13th largest crypto. It is also the second largest memecoin, after the legendary Dogecoin.