El fenómeno Snek: cómo cambiará las Memecoins para siempre | Cryptos Headlines en Binance Square

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El fenómeno Snek: cómo cambiará las Memecoins para siempre
#SNEK   #ADA   #CARDANO   #EthereumETF   #Polkadot   $SNEK $BTC  $ETH 

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Crypto Markets Erase Weekend Gains as Rising Treasury Yields Dampen Risk Assets Bitcoin and Ethereum caught a boost over the weekend after the SEC approved options trading for Bitcoin ETFs. Crypto markets turned sharply lower on Monday, erasing weekend gains fueled by the SEC’s approval of options trading for Bitcoin exchange-traded funds (ETFs). On Oct. 18, the SEC granted accelerated approval to 11 spot Bitcoin ETFs to list and trade options on the New York Stock Exchange (NYSE). This move gives investors a new way to hedge their exposure to Bitcoin through listed derivatives, potentially boosting institutional interest in the world's largest cryptocurrency. Bitcoin (BTC) dropped 1.5% to $67,000, while Ethereum (ETH) reversed into the red after trading as high as $2,760. Solana (SOL) rose 4%, while Polkadot (DOT) dipped 3%. The approval also coincided with a surge in total net flows for the U.S.-based spot Bitcoin ETFs, which crossed the $20 billion mark on Oct. 17, highlighting the growing institutional demand for Bitcoin. This comes as Bitcoin dominance, the ratio of Bitcoin’s market cap to the overall crypto market cap, reached 58%, its highest level since April 2021. The global crypto market cap is $2.3 trillion, with Bitcoin alone accounting for $1.34 trillion. BTC ETF Inflows Remain Strong Spot Bitcoin ETFs have been a significant driver of market sentiment this week, with consistent inflows. On Oct. 19, Bitcoin ETFs logged $203 million in inflows, marking a six-day winning streak. The combined value of Bitcoin held by twelve funds stands at $66.1 billion, surpassing the previous record of $62.6 billion set in early June, according to SoSoValue data. This figure now represents 4.89% of Bitcoin's total market cap. “With the SEC’s approval for BTC ETF options to be listed on the NYSE, we believe this will provide the ETF with the needed liquidity to attract sustainable inflows,” QCP Capital analysts wrote. #UptoberBTC70K? #SCRSpotTradingOnBinance #APESurge #Bitcoin #BTC $BTC $ETH $BNB

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Bitcoin dominance surges to 58% as ETF as institutional inflows continue This week has been a pivotal one for the crypto world, with Bitcoin (BTC) experiencing a notable surge of 10.48%, peaking at $69,000. As it approaches the significant psychological threshold of $70,000, there’s a sense of optimism among investors, especially since no major economic reports are anticipated to hinder its progress in the coming week. A key driver behind Bitcoin’s impressive rally was the recent approval by the U.S. Securities and Exchange Commission (SEC) for Bitcoin ETF options to be traded on the New York Stock Exchange (NYSE). This move is expected to enhance liquidity for the ETF, drawing in more stable investments. Over the week, Bitcoin ETFs attracted substantial inflows, culminating in a total of $203.3 million in assets by Friday, marking a successful six-day streak. The ongoing institutional interest is evident from these consistent inflows, as highlighted by QCP broadcast. Additionally, Bitcoin’s market dominance has climbed to a multi-year high of 58%, a level not seen since April 2021. As it nears the 60% resistance mark, analysts predict a potential rebound for layer 1 (L1) coins, which have not kept pace with Bitcoin’s gains. Ethereum (ETH), in particular, is viewed as primed for a rebound, currently sitting 45% below its all-time high, while Bitcoin is just 7.9% away from its peak. #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance #USRetailSalesBoost #BinanceLabsInvestsLombard $BTC $ETH $SOL

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PEPE Price Sees Breakout And Retest: Could It Gain 60% in 2024 Pepe (PEPE) crypto has witnessed slow and steady growth over a wider time frame. Since June, the PEPE price has declined due to resistance from a descending trendline. Additionally, the price triggered a breakout from the trendline, and a retest was observed. During the retest, it smashed the key moving averages. After the retest, the momentum has slowed, holding over the 20-day exponential moving average (EMA). It needs substantial volume to trigger a bullish momentum for a more extended period. Let’s see how the PEPE crypto price performs after the breakout. Could PEPE Price Trigger Another Breakout? Crypto Bulls God (@CryptoBullGod) is optimistic about the PEPE price. He holds the belief that the PEPE coin might be beneficial for the future. He claimed that the price action might repeat history as it has formed another symmetrical triangle pattern weekly. If it triggers a breakout, another bullish momentum can be seen. Technical Analysis of PEPE Price Over 1-D Timeframe Pepe crypto was trading at $0.0000103, which has dropped by 2.37% over the past 24 hours. The market capitalization was $4.36 Billion, and the 24-hour trading volume was $488.77 Million. The bearish trend halted in August, and the momentum slowly shifted toward the buyers’ hands. Since August, the price has been continuously pushed down by the downside. Moreover, the price has departed from the 200-day EMA. If the digital asset price surpasses the last swing high, it could generate a bullish signal. Suppose the PEPE coin price manages to sustain over the $0.0000130 hurdle; strong buying momentum can be seen. If the trading volume remains strong, the price has the potential to gain 60% in the next few months. On the other hand, if the PEPE price doesn’t gain momentum, sellers could dominate soon. Suppose the crypto price starts trading below the 200-day EMA; sellers may dominate further. #pepe #Pepecoin #MemeCoinTrending #WhichMemeCoin? #WhichMemeCoin? $PEPE $BTC $BNB

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Why Is The ApeCoin Price Up 100% Today? ApeCoin (APE), a fundamental asset within the Yuga Labs ecosystem, has witnessed a remarkable price surge of over 100% today. This increase in value is attributed to the recent launch of new technological advancements and incentive programs that will enhance user engagement and expand utility across its network. ApeCoin Price Skyrockets Due to LayerZero Integration ApeCoin has recently upgraded its smart contract to integrate with Layer Zero’s Omnichain Fungible Token (OFT) standard. This development allows APE to function as a utility and governance token and as the native gas on its blockchain, ApeChain. More so, the integration ensures that APE can transfer across ApeChain, Ethereum, and Arbitrum. This sets a new standard for token interoperability and functionality. Moreover, the introduction of a Native Yield mechanism, developed in collaboration with Decent.xyz, is another notable enhancement. It enables ApeCoin holders to automatically earn yields on their tokens without manual intervention. This feature is the default for all externally owned accounts (EOAs), where yields accrued are added directly to the user’s balance with each new block. Market Response and Liquidity Boost The market has responded positively to these updates, with ApeCoin’s trading volume surging over 6,400% to reach $1.84 billion. The positive market response and ApeCoin price surge is reflected in its market cap, which has crossed the $1 billion mark increasing over 100% in 24 hours. In addition, the liquidity on ApeChain has been boosted by the introduction of bridges that facilitate the migration of APE, ETH, and various stablecoins between networks. This capability has enhanced the fluidity of asset movement, attracting both developers and investors to the ecosystem. Similarly, ApeChain’s performance since the update has been impressive, with over $25 million in volume traded within the first 12 hours. #Apecoin #APE #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance $APE $BTC $BNB

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SOL Overtakes ETH As Analyst Forecasts Solana Price To Hit $1,400 SOL has overtaken ETH in weekly and daily DEX volume as crypto analyst Titan of Crypto predicts that the Solana price can reach $1,400. Solana has overtaken Ethereum in weekly and daily DEX volume, a development that has further strengthened predictions that SOL could flip ETH or challenge its dominance in this cycle. Interestingly, crypto analyst Titan of Crypto has predicted that the Solana price can rise to as high as $1,400 in this bull run. Solana Overtakes Ethereum In DEX Volume Artemis data shows that the Solana network has overtaken Ethereum in weekly and daily decentralized exchange (DEX) volume to rank number one above all chains. Solana has witnessed a trading volume of $8.6 billion in the last seven days and $1.3 billion in the last 24 hours. At the same time, Ethereum has come in second place with a weekly trading volume of $8.2 billion and a daily trading volume of $772 million. This metric tracks the trading volume witnessed on all DEXs on these networks. Therefore, this development is significant as it indicates that Solana is generating more user interest than Ethereum. Such fundamentals are also bullish for the Solana price since this sustained trend could help trigger rallies for the crypto. This development has also fuelled further conversations that Solana could flip Ethereum or challenge its dominance in this market cycle. Ethereum is known to boast the top DeFi protocols, a narrative that boosted the ETH price during the 2021 bull run. However, with that narrative looking to change, SOL could easily be the runner in this cycle and threaten ETH’s position as the second-largest crypto by market cap. Analyst Forecasts SOL To Hit $1,400 Crypto analyst Titan of Crypto has predicted that the Solana price can reach $1,400. The analyst explained that a “massive Bull Flag” might be unfolding for SOL in the coming weeks and months, which indicates that the crypto could reach this price level. #Solana #SOL #Ethereum #MemeCoinTrending #BTCBreaks66K $SOL $ETH $BTC

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