📉 BTC has fallen below $58k , but old-timers believe that t | TopCryptoNews on Binance Square

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📉 BTC has fallen below $58k , but old-timers believe that those who survive the current difficult times will see another moon
#BTC #Bitcoin 

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FYI: 🟠 MicroStrategy breaks $50 BILLION market cap and is now worth more than Ford Motor Company. Ford has lost ~60% of its market cap since 2022 and holds $26 BILLION in cash, about 65% of its total market cap! The "melting ice cube" of cash holdings, eroded by inflation year after year. This is what Michael Saylor feared for his company when he decided to buy #Bitcoin in 2020. MicroStrategy's market cap is UP ~45x since then.

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🐸 72% PEPE Holders in Profit as Price Clears Zero Amid broader cryptocurrency price gains, PEPE, the frog-themed meme coin, has also recorded significant price movements. Data from IntoTheBlock shows that approximately 72% of PEPE holders have amassed profits or are "in the money," as is often stated. 🔸 Surging price boosts profits for PEPE holders Notably, the profit occurred after PEPE soared in price. The asset knocked off one zero from its price, soaring as high as $0.0000104 before stabilizing at its current market price. Analysts say the surge came as community bullish sentiment combined with general optimism in the broader crypto space. As highlighted by IntoTheBlock, 224,330 addresses were "in money," or raking in profit. These wallet holders were big winners, given the massive decline that PEPE has witnessed in recent days. Meanwhile, 20.11%, or 62,700 addresses, were "out of money" overall. Article predicted PEPE would clear one zero if the community could sustain investors’ interest. At the time, despite a declining price value, trading volume continued to soar as it looked like traders were exploiting the dip to accumulate the token. 🔸 Robinhood’s new transfer feature boosts PEPE demand Other factors that might have supported PEPE in clearing out one zero could lie with Robinhood's recent launch of the Pepe transfer feature. Notably, the European branch of the top U.S. brokerage firm rolled out live transfer options on its platform. The development allows European users to carry out transactions — withdrawals and deposits — directly on Robinhood. These transactions come with a limited offer of a 1% deposit bonus. As of writing time, bullish sentiment has held PEPE up by 9.52% to trade at $0.0000104 within 24 hours. However, its market volume has decreased by a significant 3.62% to $1.32 billion. Analysts opine that the community needs to monitor the declining market volume, as it could trigger a price retracement. #pepe #pepecoin

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⭐️ How Far Can Cardano Price Rise in November? Cardano price surges as ADA gains momentum with new upgrades, strong technicals, and increased investor interest in November Cardano (ADA) price has significantly increased in the last 24 hours, following a broader market surge. The altcoin’s positive trend comes amid increased investor interest as the cryptocurrency market rallies after the recent U.S. elections. Notably, Cardano’s surge aligns with other altcoins that have also rebounded, strongly eyeing more gain in November and further attracting attention from analysts. 🔸 Will Cardano Price Hit New Peaks in November Amid Major Upgrades? Cardano’s price has shown strong momentum recently, climbing over 10% in the past month, supported by a positive shift in the broader cryptocurrency market. This surge comes as Cardano launches Node 10.1, a significant upgrade that introduces new governance capabilities and prepares the network for the upcoming Chang 2 hard fork. Node 10.1.1 is the first mainnet node to support the Chang 2 inter-era hard fork, marking a crucial step for Cardano’s governance evolution. The release also brings enhanced delegation options, allowing stake pool operators (SPOs) to delegate to pre-defined voting choices. These advancements have spurred optimism that Cardano’s price could push higher in the coming weeks, as the network solidifies its infrastructure and prepares for new functionalities. 🔸 Analyst Predicts 70% ADA Price Rally Surge Crypto analyst ZAYK Charts has highlighted a potential bullish wave for Cardano, indicating a breakout from a falling wedge pattern on the 1-day chart. This technical formation is often seen as a reversal indicator that ADA could experience significant upward momentum. According to ZAYK Charts’ projections, the breakout could lead to a 60-70% price increase. This optimistic outlook comes as ADA investors anticipate the next move, with bullish sentiment building around the cryptocurrency. #ADA #Cardano

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💥 Analysts predict #AVAX surge as bullish trends and historical patterns align AVAX could be soaring to new highs according to analysts as several bullish developments and a historical pattern position the token for strong gains. The sentiment in the crypto market has flipped bullish as Republicans secured a historic win, putting an end to what many claim to be the last anti-crypto administration in the White House. With the development acting as a catalyst, Bitcoin printed back-to-back highs breathing new life into the altcoin market as well. Avalanche is no exception, as multiple analysts see the potential for a breakout, driven by favorable market conditions and the resurgence of investor confidence across the crypto sector. 🔸 History points to the upcoming rally According to charts shared by analyst Fabioviriba, AVAX’s recent price action is quite similar to what was witnessed before the altcoin’s 2021 rally where it surged roughly 4800% from $3 to its all-time high of $147. During the previous rally, AVAX traded within an extended accumulation period followed by a strong upswing, which then entered a corrective phase, ultimately setting up the foundation for its massive rally. This time, on the daily chart, AVAX has been in an extended accumulation phase since July 2023 and is now nearing the end of its corrective phase. According to the analyst, a breakout here could propel the token’s price as high as $347, provided bulls successfully reclaim the crucial $30 level. The path to $30 is clear according to fellow analyst Kaleo who noted that the altcoin had reclaimed a key support level at $26.50. In a similar vein, crypto trader Senior Crypto observed that AVAX had formed a triple bottom pattern on the AVAX/BTC chart, which signals a potential bullish reversal and strengthens the case for further upside beyond the $30 mark. #Avalanche

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🔥 Pepe, Bonk, and Floki Price Analysis: Can the Rally Continue? 🔸 Pepe Coin (#PEPE ) Shows Resilience Amid Recent Surge Pepe Coin has shown a 10.02% increase over the past 24 hours, with its price currently at $0.00001037. The market cap now stands at $4.36 billion, while the 24-hour trading volume has surged to approximately $1.34 billion, suggesting renewed interest among traders. A support level has formed around $0.0000095, which was recently tested before rebounding, indicating strong buying interest at this price point. On the other hand, the $0.000011 mark has been a resistance level that limited recent upward movement. Breaking past this level could continue the uptrend. 🔸 Bonk (#BONK ) Consolidates Bonk’s recent price action shows a slight decline of 1.44%, positioning its current value at $0.00002205. Its market cap is $1.65 billion, with a trading volume of $235.37 million over the past 24 hours. This volume is considerably lower than previous peaks, indicating moderated trading activity. The support level for BONK is approximately $0.0000220, which has been tested several times, showing that buyers are defending this range. The resistance near $0.0000233 has been a barrier, as the price experienced rejections at this point. If BONK can break above this resistance, it may pave the way for further gains. Conversely, a decline below the $0.0000220 support could trigger a deeper correction, signaling a potential shift toward bearish territory. 🔸 Floki (#FLOKI ) Shows Slight Gains Floki has seen a 1.16% increase over the past day, trading at $0.0001405. The market cap has reached $1.35 billion, and the 24-hour trading volume is about $236.24 million, showing a small decline. The price has found consistent support around $0.0001380, which has been tested multiple times and reinforced as a reliable floor. This level has prevented significant drops, suggesting stability. Resistance is at $0.0001480, where recent upward momentum stopped. If FLOKI breaks past this level, the token may enter a renewed bullish phase.

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