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$BTC
3️⃣ This is the third day I have been predicting the correct price of Bitcoin. You can check in my earlier posts.
📈 Today's
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forecas will be in the range of $60,200 - $60,600. Current price #BTC $60,030
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Dogecoin Nears Rare Golden Cross After One-Year Wait: Details Dog-themed cryptocurrency Dogecoin (#DOGE ) is on the verge of achieving a potential "golden cross," a chart pattern that occurs when a short-term moving average, usually the daily SMA 50, crosses above a long-term moving average such as the daily SMA 200, often seen as a bullish signal. As noted on its daily chart, Dogecoin's 50-day SMA has turned up and appears to be moving above the 200-day SMA in the next few days, indicating a potential "golden cross." The pattern implies that short-term price momentum is outpacing long-term momentum, which may lead to a bull run. Dogecoin's last golden cross was recorded in November 2023. Interestingly, this was not the first time Dogecoin experienced this phenomenon in November. The cryptocurrency also achieved a golden cross in November 2022, marking two consecutive years when this bullish signal appeared in the same month. From current market indications, it seems likely that Dogecoin's next golden cross might occur in November once again. If this happens, it would be the third consecutive November in which Dogecoin has seen a golden cross. 🔸 Bullish November? With previous golden crosses occurring in November 2022 and November 2023, the possibility of a third consecutive golden cross in November 2024 is generating considerable interest. Crypto analyst Ali predicts a parabolic bull run for Dogecoin in November upon a sustained close above $0.20. However, the moving average-based crossover is often criticized for being a lagging indicator that might trap traders on the wrong side of the market. This was the case in the event of Dogecoin's golden cross in November 2022, as DOGE reported losses of 16%. In November 2023, Dogecoin surged 22% over the course of the month, posting positive performance. The market will watch closely in the coming days as the potential for another golden cross adds to the intrigue and speculation surrounding Dogecoin's price performance. #Dogecoin
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⚠️ Cardano Rolls out Major Node Update in Anticipation of Chang 2: Details Chang 2, the second controlled Chang hard fork is anticipated to complete the metamorphosis of Cardano to the age of Voltaire. The current roadmap saw a prerelease of Cardano node v10 for testing. In line with ongoing preparations for the Chang 2 hard fork, Cardano Node 10.1.1 has just been released. The process to enact the Chang upgrade is expected to begin in November, ushering in a critical phase for Cardano’s governance evolution. Chang #2 requires five governance actions to be successfully enacted on-chain. Cardano node 10.1.1 release published and approved for mainnet usage! This is the version for HF to Chang#2. Please make sure to get your nodes updated, especially on preview which we plan on forking later this week. Details here: — Samuel Leathers 🎾 (@therealdisasm) October 30, 2024 In this bootstrap phase of governance, the ICC (Interim Constitution Committee) and SPOs (stake pool operators) will be required to vote accordingly. DReps do not vote during the hard fork process; they only become part of governance after Chang #2 has been enacted. While governance is in bootstrap mode, the decision to upgrade will be made when Cardano's stake pool operators (SPOs) meet the required threshold, and the Interim Constitution Committee (ICC) votes "yes." Should the community ratify the hard fork, the upgrade will be enacted five days later (one epoch), bringing on Cardano's final governance features as defined by CIP-1694. About node 10.1.1 The new Cardano Node 10.1.1 is a mainnet release of the Cardano node that is capable of crossing the Chang 2 hard fork. According to GitHub documentation, the Node version includes several improvements to the governance system, including support for SPO delegation to predefined voting options and auto-abstain DRep votes, supplanting abstaining via rewards address delegation. It also enables new Plutus primitives specified in CIP-0122, CIP-0123 and CIP-0127. #ADA #Cardano
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🔥 Celestia’s (#TIA ) 176 Million Token Unlock Stirs Market Unrest TIA’s price has slumped over the past 24 hours, following Celestia’s 176 million token unlock on Wednesday. This substantial influx of tokens has intensified downward pressure, leading to a nearly 10% drop in TIA’s value. With bearish sentiment growing, the altcoin appears likely to face further declines. This analysis examines the factors behind this trend. 🔸 Celestia’s Token Unlock Leads to Spike in Selling Pressure On Wednesday, Celestia unlocked 176 million TIA tokens, valued at $890 million at current market prices. This influx of new tokens has increased TIA’s circulating supply and put significant pressure on its price. TIA currently trades at $4.68, shedding 9% of its value over the past 24 hours. Token unlocks often create uncertainty and fear among investors, especially if they perceive a high risk of selling pressure from token holders. This has been the case for TIA, despite clarifications that not all of the unlocked tokens would be immediately available for sale. In a post on X, Taran Sabharwal, CEO of Stix trading platform, explained that Celestia’s 21-day unstaking period means that anyone planning to sell their unlocked TIA tokens has likely already unstaked. As a result, the expected total selling pressure from the token unlock stands at 92.3 million TIA, or roughly $460 million. “This equates to a max selling pressure of ~$460M. What is also interesting here is that this accounts for <50% of the total cliff unlocks, which means that the sell pressure is half of what people have been expecting,” Sabharwal posted. 🔸 Selling Activity Underway, But There Is a Catch BeInCrypto’s assessment of the TIA/USD one-day chart confirms the uptick in selling pressure following the Celestia 176 million token unlock. As of this writing, the coin’s Relative Strength Index (RSI), which measures oversold and overbought market conditions, is in a downward trend at 38.46. #Celestia
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🐸 PEPE Coin The First Meme Coin To Trade In Japan: How Will Price. BITPoint Japan has announced the listing of PEPE coin. This marks the first time a meme coin will be available for trading in Japan. The October 30 announcement represents a major milestone in the mainstream adoption of meme coins globally. 🔸 Pepe Coin Makes its Entry in Japan BITPoint Japan is introducing PEPE across three key services: spot trading, lending, and savings. The exchange is celebrating the listing with promotional campaigns. This includes a purchase campaign offering 100,000 yen worth of PEPE to 10 lucky winners who trade more than 10,000 yen of the token. This campaign runs until November 27th at 3:59 p.m. Despite this major development, PEPE’s recent market performance has been underwhelming. 🔸 Pepe Coin Fails to Show Momentum The token has shown negative price movement across multiple timeframes. According to CoinGecko data, PEPE was down 0.2% over 24 hours, 3.2% in the past week, and a substantial 15.1% drop in the last 30 days. Technical analyst Chris McCrypto notes that while the weekly chart showed promise, recent performance has fallen short of expectations. Key technical indicators present mixed signals: The MACD has failed to complete a bull cross, while both the stochastic RSI and regular RSI have recently experienced bear crosses. However, positive factors include the price maintaining position above the breakout trend line and the wave 3 high of 0.0906, as well as recovery above the weekly 20 SMA (bull market support band) at 0.0936. 🔸 Analyst Suggests Potential Breakout for PEPE Another analyst, CryptoDoc, suggests a potential retest around support levels before a possible breakout, emphasizing PEPE’s tendency for rapid price movements. The Japanese listing comes at a crucial time for PEPE, as the token struggles to match the performance of both the broader cryptocurrency market and its meme coin peers. While the BITPoint Japan listing represents a major milestone for adoption. #PEPE #Pepecoin
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⭐️ Wall Street's Billionaire CEO, Who Donated the Most to Trump, Reveals His Bitcoin Portfolio! How Much BTC Does He Have? Howard Lutnick, CEO of Cantor Fitzgerald, which manages $13.2 billion, recently made bold statements about Bitcoin (BTC) and Donald Trump. Speaking on a recent podcast with Anthony Pompliano, Howard Lutnick said he has millions of dollars worth of Bitcoin. Reiterating that Bitcoin is not a currency but a commodity, as he stated before, Lutnick said that they see declines as opportunities and buy in every decline. Stating that he has hundreds of millions of dollars worth of BTC, the famous CEO stated that the price of Bitcoin will continue to rise and claimed that the BTCs in his possession will reach billions of dollars next year. “As I've said before, Bitcoin is not money, it's a commodity. It's like gold or oil. Its scarcity and mining nature give it enduring value and growth potential.” Lutnick said that institutional acceptance will increase further, and with increasing institutional acceptance, the price will increase even more. He Became the Biggest Donor to Donald Trump! Lutnick, known for his support for Trump, said Donald Trump is the best choice for wealthy Americans. Praising Trump’s stance, Lutnick listed the former president’s good points. Accordingly, he stated that Trump also cares about the American worker and growth in America, but also supports his being a crypto advocate and wanting to impose tariffs. Fox Business correspondent Eleanor Terrett shared on X that the crypto industry has donated more than $200 million to PACs, candidates, and political organizations. According to Terret's post, top donors to former President Donald Trump included Howard Lutnick with $6.4 million, Gemini's Winklevoss twins with $2.04 million and Kraken founder Jesse Powell with $844,943. #BTC #Bitcoin
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