🔗 Ethereum 2.0 Gains Momentum with PoS Transition 🔥 Ether | Mr_Tycoon23 on Binance Square

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🔗 Ethereum 2.0 Gains Momentum with PoS Transition
🔥 Ethereum 2.0 is increasing scalability and security with its transition to Proof of Stake (PoS), making it a key asset for 2024.
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*Top Altcoins to Stack for Next Week* With the recovery rally in Bitcoin taking a retest of the $63K mark, the anticipations for a bounce back to $70K next week are increasing. Amid the growing bull market chances, the low-cap altcoin is ready for a massive moonshot in the next week. While many are gaining momentum, some are ready for a trend reversal rally with a bullish breakout. *Top Altcoins To Buy:* 🔹*Loom Network (LOOM)* With a market cap of $77M, Loom Network has increased by 21.80% in the past 24 hours. Recording a staggering growth of 36.59% over the last seven days, the Loom token price is currently trading at $0.06269. In the weekly chart, the Loom Network shows a bullish reversal from the crucial support of $0.035, teasing a double-bottom reversal. The reversal rally will challenge a potential death cross in the 50-200-week EMA. Last week, the altcoin increased by 10%, followed by a 23% rise this week, creating two consecutive weekly bullish candles. As it heads towards the declining trend lines, the $0.10 psychological mark is a potential target for next week if the buyers can surpass the overhead dynamic resistances. 🔹 *Ardor (ARDR)* In the weekly chart, the Ardor price action reveals a bullish reversal from $0.05839. This week, the coin price has increased by 24.45% from the opening price of $0.06488 to the current market price of $0.08078. With a market cap of $81 million, the altcoin has increased by 10.75%, reveals an intraday gain of 10.75%, and teases a golden crossover between the 50-day and 200-day EMA. As on the previous swing high, the potential target for the recovery rally is $0.13807 and $0.2242.

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*History of ETH: The rise of the Ethereum blockchain* Ethereum is a blockchain that hosts a notable amount of functionality for developers building solutions on Ethereum as a base. The Ethereum blockchain has a native coin that is known as Ether (ETH) tickers down $2,582, which is used to pay for activity on the Ethereum blockchain. The coin also trades on crypto exchanges and fluctuates in value. Other assets built on the Ethereum blockchain such as ERC-20 tokens, for example, require ETH as payment for fees associated with any transactions of those assets. The Ethereum blockchain was written in the Solidity programming language. A nonprofit entity, the Ethereum Foundation, serves as one of the overseers of the Ethereum project. *Ethereum’s early days*👁️‍🗨️ Although the Ethereum blockchain has a number of founders, Vitalik Buterin was the one who initially published a white paper explaining the concept of Ethereum in November 2013. Following Buterin’s initial work, other brains jumped on board in various capacities to help bring the project to fruition. Vitalik Buterin, Gavin Wood, Charles Hoskinson, Amir Chetrit, Anthony Di Iorio, Jeffrey Wilcke, Joseph Lubin and Mihai Alisie are all considered co-founders of Ethereum. Its transition over to the consensus layer aims to solve its challenges. $ETH #etherreum

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SEI Crypto Records 2-month High, Eyes To Hit $0.65 This Uptober? With the Bitcoin price holding its value above the $63,000 mark, the crypto market continues experiencing a strong bullish recovery. Furthermore, with the recent developments in the Decentralized Finance (DeFi) ecosystem, the SEI crypto has come under the limelight. *Why is SEI Crypto rising?” and “How High will SEI price go?”.* _SEI Coin Price Hints A Bullish Breakout!_ 🚀 Amid increased market volatility, the SEI price has jumped 10.64% within the past day with a trading volume of $236.55 million. Furthermore, it has jumped 29.67% over the past week and 35.97% during the past month. Moreover, with a circulating supply of 3,524,861,111 tokens and a market capitalization of $1.35 billion, it has secured the 54th position in the global cryptocurrency market list. The Simple Moving Average (SMA) has displayed a bullish convergence in the 1D time frame. This indicates an increase in the buying-over-selling pressure for the altcoin in the market. *How High Will SEI Go In 2024?* If the market continues to gain momentum, the SEI price could breach its resistance level of $0.40 and head toward its upper level of $0.6015. Maintaining the price at that level will attain the target levels. $SEI

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*XRP/USDT* Here's today's analysis update for XRPUSDT: The current trend for XRPUSDT is slightly bullish, with a short-term increase reinforcing the basic trend. However, XRP has been in a downtrend for a long time, and some analysts suggest waiting for the price to touch a specific level before making a move. Key Levels to Watch: - Support: 0.55 USDT - Resistance: 0.63 USDT Technical Analysis: The Relative Strength Index (RSI) and other technical indicators suggest growth, with a possibility of a growth reaction from the 50% level. Trade Ideas: Consider long-term buy trades, targeting 0.65 USDT and 0.70 USDT. Short-term investors can consider sell trades, targeting 0.58 USDT and 0.55 USDT. Market Sentiment: - Bullish: 55% - Bearish: 45% Keep in mind that cryptocurrency markets are highly volatile. Always conduct thorough research and consider multiple sources before investing . $XRP

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*Altcoin Season Alert: Bitcoin’s Dominance Faces Breakdown as Altcoins Eye Explosive Rally* Bitcoin dominance shows a bearish rising wedge pattern, indicating a possible decline. Altcoins are breaking out of a falling wedge pattern, hinting at a massive rally ahead. Altcoin Season Index climbs to 45, raising speculation of an upcoming full altcoin season. The altcoin market is heating up, with a recent 5.7% surge in market cap signaling the start of a potential altcoin season. Ethereum and other major altcoins are primed for big gains as Bitcoin’s grip on the market weakens. Crypto analyst Ali Martinez has warned of a potential breakdown in Bitcoin dominance, with a rising wedge pattern indicating a bearish trend. Meanwhile, the altcoin market cap is breaking out of a falling wedge, hinting at a massive rally ahead. Could this be the moment altcoins steal the spotlight? Bitcoin Dominance To Faces Potential Breakdown According to a recent tweet by popular crypto analyst Ali Martinez, Bitcoin’s dominance in the crypto market may be on the verge of a breakdown. Martinez pointed out a rising wedge pattern forming in Bitcoin dominance, a bearish signal that often precedes a decline. This potential shift could have created opportunities for altcoins to gain more market share. Since the middle of September, Bitcoin has begun to experience a slight price increase, briefly surging past critical levels below $62,000. This price rise also affected its market dominance, but instead of solidifying its position, investors have started shifting their focus to altcoins.

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