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China Prepare to Use Blockchain for Verifying its Citizens Identity ✔️
China launches RealDID using blockchain to verify 1.4 billion identities, amidst global concerns and U.S. security measures.
A new initiative called RealDID has been announced in China. This initiative intends to use the blockchain to verify the identities of China’s 1.4 billion people.The initiative is led by China’s Ministry of Public Security along with China's Blockchain-based Service Network (BSN).
RealDID will allow users to register and log in to websites without revealing personal information. This service uses DID addresses and private keys, intending to keep business data separate from personal details.
China's major social media platforms require popular content creators to show their real names. This rule applies to those with over 500,000 or 1 million followers. They aim to increase credibility and public oversight.
RealDID is the world's first national-level real-name decentralized identity system, BSN stated. BSN China is operated by the National Information Center, China Mobile, and China UnionPay, with BSN Global managing international operations separately. #BinanceTournament #BTC
China launches RealDID using blockchain to verify 1.4 billion identities, amidst global concerns and U.S. security measures.
A new initiative called RealDID has been announced in China. This initiative intends to use the blockchain to verify the identities of China’s 1.4 billion people.The initiative is led by China’s Ministry of Public Security along with China's Blockchain-based Service Network (BSN).
RealDID will allow users to register and log in to websites without revealing personal information. This service uses DID addresses and private keys, intending to keep business data separate from personal details.
China's major social media platforms require popular content creators to show their real names. This rule applies to those with over 500,000 or 1 million followers. They aim to increase credibility and public oversight.
RealDID is the world's first national-level real-name decentralized identity system, BSN stated. BSN China is operated by the National Information Center, China Mobile, and China UnionPay, with BSN Global managing international operations separately. #BinanceTournament #BTC
Binance Indonesian Cryptmas Challenge 🔥
Join this event with simply reply at comment and share it! just go to attach post below 👇
Hint: Not just a Wallet, but a Digital safe
Answer: Web3 Wallet
Good luck everyone! wish best for you!
Please like this post for ranked, thank you all 😅
#CryptmasEmojiChallenge
Join this event with simply reply at comment and share it! just go to attach post below 👇
Hint: Not just a Wallet, but a Digital safe
Answer: Web3 Wallet
Good luck everyone! wish best for you!
Please like this post for ranked, thank you all 😅
#CryptmasEmojiChallenge
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Binance Indonesian
--
🎄Tantangan Emoji Cryptmas - Hari ke-2 ☃️
Kode emoji hari ini adalah 👛💳💼👝
🧩Petunjuk: Bukan hanya dompet, tapi brankas digital
Catatan: Jawaban akan berupa 1-2 kata dalam bahasa Inggris
Pastikan untuk melakukan hal berikut:
❄️Ikuti kami, suka, dan sebarkan untuk memenuhi syarat.
❄️Balas dengan jawaban Anda di komentar dalam 8 jam ke depan!
Jika Anda mendapatkan 5 dari 7 dengan benar, Anda akan memenangkan bagian dari 500 USDT! Hanya satu tebakan per hari.
Ingat, 5 postingan teratas tentang tantangan ini dengan tagar #CryptmasEmojiChallenge yang mendapatkan 'suka👍' emoji tertinggi (emoji lain tidak akan dihitung) akan mendapatkan hadiah Binance Swag.
Syarat & Ketentuan Berlaku.
Kode emoji hari ini adalah 👛💳💼👝
🧩Petunjuk: Bukan hanya dompet, tapi brankas digital
Catatan: Jawaban akan berupa 1-2 kata dalam bahasa Inggris
Pastikan untuk melakukan hal berikut:
❄️Ikuti kami, suka, dan sebarkan untuk memenuhi syarat.
❄️Balas dengan jawaban Anda di komentar dalam 8 jam ke depan!
Jika Anda mendapatkan 5 dari 7 dengan benar, Anda akan memenangkan bagian dari 500 USDT! Hanya satu tebakan per hari.
Ingat, 5 postingan teratas tentang tantangan ini dengan tagar #CryptmasEmojiChallenge yang mendapatkan 'suka👍' emoji tertinggi (emoji lain tidak akan dihitung) akan mendapatkan hadiah Binance Swag.
Syarat & Ketentuan Berlaku.
Bitcoin Mining Revenue Hits Yearly High Amid ETF-Fuelled Rally 🔥
According to Decrypt : Bitcoin mining revenue has hit a new yearly high, as the price of the cryptocurrency surged this week amid widespread excitement surrounding the possible approval of a U.S. spot Bitcoin ETF by the SEC.
Per data from Blockchain.com, BTC mining revenue hit $42,386,514.038 on November 9, topping its previous yearly high of $41,744,197.067 set on May 8, 2023. For context: That's even higher than mining revenue was during the #ordinals craze in May.
The spike in mining revenue came as $BTC 's price surged to more than $37,000 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC).
#BTC price currently stands at just over $37,200, up 7.5% on the week.
"Bitcoin miners earn more when two main factors come into play: the price of BTC itself and how busy the Bitcoin network is," Blockchain.com President Lane Kasselman told Decrypt.
"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of #BTC ."
According to Decrypt : Bitcoin mining revenue has hit a new yearly high, as the price of the cryptocurrency surged this week amid widespread excitement surrounding the possible approval of a U.S. spot Bitcoin ETF by the SEC.
Per data from Blockchain.com, BTC mining revenue hit $42,386,514.038 on November 9, topping its previous yearly high of $41,744,197.067 set on May 8, 2023. For context: That's even higher than mining revenue was during the #ordinals craze in May.
The spike in mining revenue came as $BTC 's price surged to more than $37,000 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC).
#BTC price currently stands at just over $37,200, up 7.5% on the week.
"Bitcoin miners earn more when two main factors come into play: the price of BTC itself and how busy the Bitcoin network is," Blockchain.com President Lane Kasselman told Decrypt.
"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of #BTC ."
Changelly, a leading company in price predictions and on-chain analytics, has forecasted a potential 15% increase for #XRP in the coming week. According to Changelly's predictions, Ripple's native token could reach $0.7075 USD on November 12, reflecting a nearly 15.5% increase from its current price of $0.614 USD.
Nevertheless, the cryptocurrency market is highly volatile, and such predictions might not ensure a sudden 20% surge for $XRP in the next two days. Therefore, investors should take these forecasts as guidance rather than guarantees.
The market is susceptible to various factors, including conflicts and other developments like the US Federal Reserve's interest rates. #dyor
Nevertheless, the cryptocurrency market is highly volatile, and such predictions might not ensure a sudden 20% surge for $XRP in the next two days. Therefore, investors should take these forecasts as guidance rather than guarantees.
The market is susceptible to various factors, including conflicts and other developments like the US Federal Reserve's interest rates. #dyor
Dave the Wave: Bitcoin (BTC) Primed To Explode by Over 400% ↗️↗️↗️
A crypto strategist who accurately called the May 2021 Bitcoin ($BTC ) crash believes that the flagship digital asset is poised for a big burst to the upside.
The pseudonymous analyst Dave the Wave tells his 140,900 followers on the social media platform X that, based on his charts, Bitcoin could potentially surge to around $50,000 before correcting to the support level of just under $35,000.
Following the deep corrective move, the analyst predicts that Bitcoin could rally to a price of up to $180,000 – a gain of about 424% from current levels. Dave the Wave appears to suggest that the six-figure price target for #BTC will be reached by April 2025...
A crypto strategist who accurately called the May 2021 Bitcoin ($BTC ) crash believes that the flagship digital asset is poised for a big burst to the upside.
The pseudonymous analyst Dave the Wave tells his 140,900 followers on the social media platform X that, based on his charts, Bitcoin could potentially surge to around $50,000 before correcting to the support level of just under $35,000.
Following the deep corrective move, the analyst predicts that Bitcoin could rally to a price of up to $180,000 – a gain of about 424% from current levels. Dave the Wave appears to suggest that the six-figure price target for #BTC will be reached by April 2025...
SynFutures co-founder : Bitcoin could reach $47,000 by the end of November✔️
According to The Block : #BTC🔥🔥 price could reach $47,000 by the end of November, according to Rachel Lin, co-founder of the multi-chain decentralized exchange SynFutures.
"Last week has cemented October's reputation as 'Uptober,' with bitcoin witnessing nearly a 29% increase in value," Lin said in a statement shared with The Block.
"Even more interesting is that when we look at historical data, November tends to be even better than October, with an average return of over 35% in bitcoin. If this November were to deliver similar returns, we could see $BTC reach around $47,000."
Beyond the price increase, the crypto market is also witnessing a rise in the number of users and transactions, according to Lin, a further positive sign for the ecosystem.
According to The Block : #BTC🔥🔥 price could reach $47,000 by the end of November, according to Rachel Lin, co-founder of the multi-chain decentralized exchange SynFutures.
"Last week has cemented October's reputation as 'Uptober,' with bitcoin witnessing nearly a 29% increase in value," Lin said in a statement shared with The Block.
"Even more interesting is that when we look at historical data, November tends to be even better than October, with an average return of over 35% in bitcoin. If this November were to deliver similar returns, we could see $BTC reach around $47,000."
Beyond the price increase, the crypto market is also witnessing a rise in the number of users and transactions, according to Lin, a further positive sign for the ecosystem.
4.4 Trillion SHIB Withdrawn from Exchange to Unknown wallet!!! ✔️
Blockchain tracker Whale Alert reported in a recent X post that an enormous move of over four trillion Shiba Inu has been made as these meme coins got withdrawn from a major crypto exchange Bitvavo located in Amsterdam. In the meantime, Shytoshi Kusama just recently introduced a new update on Shibarium, which expands the range of opportunities for its users and allows them to protect their digital identity.
Whale Alert spread the word that a total of 4,464,530,677,374 $SHIB were withdrawn from Bitvavo to an undisclosed wallet. This multi-trillion-#SHIB transfer is the equivalent of $33,914,658 in fiat.
However, Whale Alert then provided details of the transaction, stating that the receiver wallet also belongs to Bitvavo, therefore in was an internal transfer of this crypto trading platform.
Blockchain tracker Whale Alert reported in a recent X post that an enormous move of over four trillion Shiba Inu has been made as these meme coins got withdrawn from a major crypto exchange Bitvavo located in Amsterdam. In the meantime, Shytoshi Kusama just recently introduced a new update on Shibarium, which expands the range of opportunities for its users and allows them to protect their digital identity.
Whale Alert spread the word that a total of 4,464,530,677,374 $SHIB were withdrawn from Bitvavo to an undisclosed wallet. This multi-trillion-#SHIB transfer is the equivalent of $33,914,658 in fiat.
However, Whale Alert then provided details of the transaction, stating that the receiver wallet also belongs to Bitvavo, therefore in was an internal transfer of this crypto trading platform.
Machine learning algorithm sets DOGE price for End of November 2023 🐶
According to Finbold : Along with many other cryptocurrencies, #Dogecoin ($DOGE ) has been experiencing a significant rally in the final days of October. The rally, spearheaded by #BTC🔥🔥 ($BTC ) touching $35,000 for the first time in well over a year, has traders and investors wondering if the good times are about to begin again for Dogecoin.
Seeking to answer this burning question – particularly with regard to the world’s foremost meme coin – Finbold has consulted the algorithms of PricePredictions, a cryptocurrency forecasts and analytics platform.
According to data available on November 1, #DOGE🐶💸📈📅 will be slightly above its current price at the time of publication and stand at $0.069 on November 30.
If PricePredictions’ forecast – based on a wide array of technical analysis (TA) indicators like average true range (ATR), relative strength indicator (RSI), Bollinger Bands (BB), and moving average convergence divergence (MACD) – is correct, DOGE will remain relatively stagnant compared to its November 1 price of $0.066 and below its October 26 high of $0.074.
According to Finbold : Along with many other cryptocurrencies, #Dogecoin ($DOGE ) has been experiencing a significant rally in the final days of October. The rally, spearheaded by #BTC🔥🔥 ($BTC ) touching $35,000 for the first time in well over a year, has traders and investors wondering if the good times are about to begin again for Dogecoin.
Seeking to answer this burning question – particularly with regard to the world’s foremost meme coin – Finbold has consulted the algorithms of PricePredictions, a cryptocurrency forecasts and analytics platform.
According to data available on November 1, #DOGE🐶💸📈📅 will be slightly above its current price at the time of publication and stand at $0.069 on November 30.
If PricePredictions’ forecast – based on a wide array of technical analysis (TA) indicators like average true range (ATR), relative strength indicator (RSI), Bollinger Bands (BB), and moving average convergence divergence (MACD) – is correct, DOGE will remain relatively stagnant compared to its November 1 price of $0.066 and below its October 26 high of $0.074.
The Shiba Inu burn rate has surged by over 7,400% in the last 24 hours 🔥🔥🔥
According to data provided by Shibburn, the asset’s burn rate has skyrocketed by over 7,400% in the past 24 hours, meaning more than 369 million $SHIB were sent to burn address . The total assets removed from circulation in the last week surpassed 630 million.
The burning program adopted by Shiba Inu aims to reduce the overall supply of the token and potentially make SHIB more scarce and valuable in time. Its price has been on an uptrend lately, rising over 12% on a weekly basis. #crypto2023
According to data provided by Shibburn, the asset’s burn rate has skyrocketed by over 7,400% in the past 24 hours, meaning more than 369 million $SHIB were sent to burn address . The total assets removed from circulation in the last week surpassed 630 million.
The burning program adopted by Shiba Inu aims to reduce the overall supply of the token and potentially make SHIB more scarce and valuable in time. Its price has been on an uptrend lately, rising over 12% on a weekly basis. #crypto2023
Trending
Bitcoin will try to reach $50000 at end of 2023!
Bitcoin, the world's most popular cryptocurrency, has been on a roller coaster ride in the past few years. It reached an all-time high of nearly $20k in December 2017, then plunged to below $4k in March 2020, and then soared again to over $40k in January 2021. But what will happen to Bitcoin in the next two years? Will it break the $50k barrier by the end of 2023?
There are many factors that can influence the price of $BTC , such as supply and demand, regulation, innovation, adoption, competition, and sentiment. Some of these factors are bullish for #BTC , while others are bearish. Let's take a look at some of the possible scenarios that could affect Bitcoin's price in the future.
Bullish scenarios
More institutional adoption:
One of the main drivers of Bitcoin's recent rally was the increased interest and investment from institutional players, such as MicroStrategy, Square, PayPal, and Grayscale. These companies have recognized the potential of Bitcoin as a store of value, a hedge against inflation, and a digital alternative to gold. If more institutional investors and corporations follow suit and allocate a portion of their assets to Bitcoin, this could boost the demand and price of Bitcoin significantly.
More innovation and development:
The Bitcoin network is constantly evolving and improving, thanks to the efforts of developers, researchers, and entrepreneurs. Some of the projects that could enhance the functionality, scalability, security, and usability of Bitcoin include Taproot, Schnorr signatures, Lightning Network, sidechains, and decentralized exchanges. These innovations could make Bitcoin more attractive and accessible to a wider range of users and use cases.
More favorable regulation:
Regulation is a double-edged sword for Bitcoin. On one hand, it can provide clarity, legitimacy, and protection for Bitcoin users and businesses. On the other hand, it can also impose restrictions, taxes, and bans on Bitcoin activities. The regulatory environment for Bitcoin varies from country to country, and it is often uncertain and unpredictable. However, if more countries adopt a positive and supportive stance towards Bitcoin, such as Japan, Switzerland, or Singapore, this could encourage more adoption and innovation in the Bitcoin space.
Bearish scenarios
More competition and disruption:
Bitcoin is not the only cryptocurrency in the market. There are thousands of other coins and tokens that offer different features, benefits, and trade-offs. Some of these competitors are trying to challenge or surpass Bitcoin in terms of speed, scalability, privacy, or functionality. For example, Ethereum is the leading platform for smart contracts and decentralized applications (DApps), while Monero is the leading coin for privacy and anonymity. If these or other cryptocurrencies manage to gain more market share and popularity than Bitcoin, this could erode Bitcoin's dominance and value.
More technical issues or attacks:
The Bitcoin network is designed to be secure and resilient against malicious attacks. However, it is not immune to technical glitches or human errors. For example, in 2010, a bug in the Bitcoin code allowed someone to create 184 billion bitcoins out of thin air. The issue was quickly fixed and the transaction was reversed, but it showed that Bitcoin is not flawless. Moreover, there are always potential threats from hackers, scammers, or rogue actors who may try to exploit vulnerabilities or steal bitcoins from users or exchanges. If such incidents occur frequently or severely enough they could damage the trust and confidence in Bitcoin.
More negative sentiment or events:
The price of Bitcoin is also influenced by the mood and emotions of the market participants. Factors such as media coverage, public opinion, celebrity endorsement or criticism can affect how people perceive and value Bitcoin. For example in 2014 when Mt.Gox collapsed due to a massive hack that resulted in the loss of 850 thousand bitcoins worth around $450 million at that time, it caused a lot of panic and despair among the bitcoin community . Similarly if there are any major geopolitical or economic events that create uncertainty or instability in the world such as wars conflicts natural disasters pandemics or recessions this could also have a negative impact on bitcoin's price.
Conclusion
Bitcoin is a volatile and unpredictable asset that can experience significant price fluctuations in a short period of time. It is impossible to accurately predict what will happen to bitcoin's price in the future as there are many factors that can affect it both positively and negatively. However based on some of the possible scenarios discussed above it seems that bitcoin has more potential upside than downside in the long term. Therefore it is not unreasonable to expect that bitcoin will try to reach $50k by the end of 2023 if it can overcome some of the challenges and risks that it faces along the way. #crypto2023
*not financial advice
There are many factors that can influence the price of $BTC , such as supply and demand, regulation, innovation, adoption, competition, and sentiment. Some of these factors are bullish for #BTC , while others are bearish. Let's take a look at some of the possible scenarios that could affect Bitcoin's price in the future.
Bullish scenarios
More institutional adoption:
One of the main drivers of Bitcoin's recent rally was the increased interest and investment from institutional players, such as MicroStrategy, Square, PayPal, and Grayscale. These companies have recognized the potential of Bitcoin as a store of value, a hedge against inflation, and a digital alternative to gold. If more institutional investors and corporations follow suit and allocate a portion of their assets to Bitcoin, this could boost the demand and price of Bitcoin significantly.
More innovation and development:
The Bitcoin network is constantly evolving and improving, thanks to the efforts of developers, researchers, and entrepreneurs. Some of the projects that could enhance the functionality, scalability, security, and usability of Bitcoin include Taproot, Schnorr signatures, Lightning Network, sidechains, and decentralized exchanges. These innovations could make Bitcoin more attractive and accessible to a wider range of users and use cases.
More favorable regulation:
Regulation is a double-edged sword for Bitcoin. On one hand, it can provide clarity, legitimacy, and protection for Bitcoin users and businesses. On the other hand, it can also impose restrictions, taxes, and bans on Bitcoin activities. The regulatory environment for Bitcoin varies from country to country, and it is often uncertain and unpredictable. However, if more countries adopt a positive and supportive stance towards Bitcoin, such as Japan, Switzerland, or Singapore, this could encourage more adoption and innovation in the Bitcoin space.
Bearish scenarios
More competition and disruption:
Bitcoin is not the only cryptocurrency in the market. There are thousands of other coins and tokens that offer different features, benefits, and trade-offs. Some of these competitors are trying to challenge or surpass Bitcoin in terms of speed, scalability, privacy, or functionality. For example, Ethereum is the leading platform for smart contracts and decentralized applications (DApps), while Monero is the leading coin for privacy and anonymity. If these or other cryptocurrencies manage to gain more market share and popularity than Bitcoin, this could erode Bitcoin's dominance and value.
More technical issues or attacks:
The Bitcoin network is designed to be secure and resilient against malicious attacks. However, it is not immune to technical glitches or human errors. For example, in 2010, a bug in the Bitcoin code allowed someone to create 184 billion bitcoins out of thin air. The issue was quickly fixed and the transaction was reversed, but it showed that Bitcoin is not flawless. Moreover, there are always potential threats from hackers, scammers, or rogue actors who may try to exploit vulnerabilities or steal bitcoins from users or exchanges. If such incidents occur frequently or severely enough they could damage the trust and confidence in Bitcoin.
More negative sentiment or events:
The price of Bitcoin is also influenced by the mood and emotions of the market participants. Factors such as media coverage, public opinion, celebrity endorsement or criticism can affect how people perceive and value Bitcoin. For example in 2014 when Mt.Gox collapsed due to a massive hack that resulted in the loss of 850 thousand bitcoins worth around $450 million at that time, it caused a lot of panic and despair among the bitcoin community . Similarly if there are any major geopolitical or economic events that create uncertainty or instability in the world such as wars conflicts natural disasters pandemics or recessions this could also have a negative impact on bitcoin's price.
Conclusion
Bitcoin is a volatile and unpredictable asset that can experience significant price fluctuations in a short period of time. It is impossible to accurately predict what will happen to bitcoin's price in the future as there are many factors that can affect it both positively and negatively. However based on some of the possible scenarios discussed above it seems that bitcoin has more potential upside than downside in the long term. Therefore it is not unreasonable to expect that bitcoin will try to reach $50k by the end of 2023 if it can overcome some of the challenges and risks that it faces along the way. #crypto2023
*not financial advice
ETHEREUM SET TO CROSS $2,500 IN NOVEMBER ??? 🔥
The world’s second-largest crypto by market cap- #Ethereum , topped by #bitcoin , has experienced its market surges over the last few years. As the year comes to a close, experts predict a rise in Ethereum market price, which might reach new levels above $2,000. Various factors will affect this bullish move and might also spill over to its altcoins.
Volatility in the crypto market is a major attribute for cryptocurrencies, and this has seen a rise and fall in market values of various crypto. Currently, experts are in talks about the $ETH price, and market data have also confirmed this. However, the question remains on whether ETH’s price will coincide with expert future market predictions.
Ethereum’s price has consolidated around $1,750 and $1,820 levels over recent weeks. Based on on-chain data trends, institutional investors have been conducting a significant number of ETH transactions in the Ethereum network. This has been the reason behind market experts’ prediction of Ethereum’s price reaching $2,500 in November 2023.
If the bulls are stronger than predicted, the digital asset will record a resistance level of around the $1,850 mark. If this happens, the price might push to the $2,005 mark, and this will show the beginning of Ethereum’s journey to the $2,500 Mark, as predicted from market data.
The world’s second-largest crypto by market cap- #Ethereum , topped by #bitcoin , has experienced its market surges over the last few years. As the year comes to a close, experts predict a rise in Ethereum market price, which might reach new levels above $2,000. Various factors will affect this bullish move and might also spill over to its altcoins.
Volatility in the crypto market is a major attribute for cryptocurrencies, and this has seen a rise and fall in market values of various crypto. Currently, experts are in talks about the $ETH price, and market data have also confirmed this. However, the question remains on whether ETH’s price will coincide with expert future market predictions.
Ethereum’s price has consolidated around $1,750 and $1,820 levels over recent weeks. Based on on-chain data trends, institutional investors have been conducting a significant number of ETH transactions in the Ethereum network. This has been the reason behind market experts’ prediction of Ethereum’s price reaching $2,500 in November 2023.
If the bulls are stronger than predicted, the digital asset will record a resistance level of around the $1,850 mark. If this happens, the price might push to the $2,005 mark, and this will show the beginning of Ethereum’s journey to the $2,500 Mark, as predicted from market data.
PEPE Price Leaps 90% As Meme Coin Reaches $1.6B Market Cap 🎉
In the meme coin realm, the last week has ignited fresh momentum, and the buzz revolves around #pepe ($PEPE ), which has witnessed a remarkable surge over the weekend. This rally has set traders’ minds racing, as they contemplate whether PEPE’s ascent could evolve into a formidable challenge to the supremacy of #SHIB ($SHIB ) and #DOGE ($DOGE ).
At the time of writing, PEPE was trading at $0.00000120, up 3.3% in the last 24 hours, and registered an impressive weekly increase of 90%, data from crypto market tracker Coingecko shows.
Just recently, Pepe had reached a market cap of $1.6 billion, sparking conversations about its potential to compete with the crypto market’s top meme coins. This rapid resurgence showcases its resilience and its enduring allure to traders and investors.
Pepecoin, drawing inspiration from the iconic Pepe the Frog meme, has carved a noteworthy niche in the meme coin arena. Its remarkable journey in early 2023, achieving a staggering $1.6 billion market cap and a rapid 100% weekly growth, hints at the potential for a price surge in Q4 2023.
In the meme coin realm, the last week has ignited fresh momentum, and the buzz revolves around #pepe ($PEPE ), which has witnessed a remarkable surge over the weekend. This rally has set traders’ minds racing, as they contemplate whether PEPE’s ascent could evolve into a formidable challenge to the supremacy of #SHIB ($SHIB ) and #DOGE ($DOGE ).
At the time of writing, PEPE was trading at $0.00000120, up 3.3% in the last 24 hours, and registered an impressive weekly increase of 90%, data from crypto market tracker Coingecko shows.
Just recently, Pepe had reached a market cap of $1.6 billion, sparking conversations about its potential to compete with the crypto market’s top meme coins. This rapid resurgence showcases its resilience and its enduring allure to traders and investors.
Pepecoin, drawing inspiration from the iconic Pepe the Frog meme, has carved a noteworthy niche in the meme coin arena. Its remarkable journey in early 2023, achieving a staggering $1.6 billion market cap and a rapid 100% weekly growth, hints at the potential for a price surge in Q4 2023.
Ethereum Price Restarts Increase As Indicators Suggest Rally To $1,950 🔥
#Ethereum started a downside correction below the $1,800 level. $ETH tested the $1,750 support where the bulls emerged. A low was formed near $1,756 and the price started a fresh increase, like #BTC $BTC .
There was a move above the $1,780 and $1,785 resistance levels. The price was able to climb above the 50% Fib retracement level of the downside correction from the $1,849 swing high to the $1,756 low. There is also a key bullish trend line forming with support near $1,795 on the hourly chart of #ETH /USD.
Ethereum is now trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,825 level. It is close to the 76.4% Fib retracement level of the downside correction from the $1,849 swing high to the $1,756 low.
The first major resistance is near the $1,850 zone. A close above the $1,850 resistance could spark another rally. The next key resistance is near $1,880, above which the price could accelerate higher. In the stated case, Ether could rise toward the $1,950 level. Any more gains might open the doors for a move toward $2,000.
#Ethereum started a downside correction below the $1,800 level. $ETH tested the $1,750 support where the bulls emerged. A low was formed near $1,756 and the price started a fresh increase, like #BTC $BTC .
There was a move above the $1,780 and $1,785 resistance levels. The price was able to climb above the 50% Fib retracement level of the downside correction from the $1,849 swing high to the $1,756 low. There is also a key bullish trend line forming with support near $1,795 on the hourly chart of #ETH /USD.
Ethereum is now trading above $1,780 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $1,825 level. It is close to the 76.4% Fib retracement level of the downside correction from the $1,849 swing high to the $1,756 low.
The first major resistance is near the $1,850 zone. A close above the $1,850 resistance could spark another rally. The next key resistance is near $1,880, above which the price could accelerate higher. In the stated case, Ether could rise toward the $1,950 level. Any more gains might open the doors for a move toward $2,000.
Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval ✔️
The world’s largest cryptocurrency, #BTC ($BTC ), has risen 25% in the last month, with most of these gains accumulating during U.S. trading hours, crypto services provider Matrixport said in a note on Wednesday.
“This is a significant development and shows that U.S. institutions and U.S. investors are embracing the news that a U.S.-listed spot bitcoin exchange-traded-fund (ETF) appears imminent,” wrote Markus Thielen, head of research at Matrixport
ETFs are traded on an exchange and track the performance of an underlying asset. They are popular investment products as they are cheap to trade and allow investors to gain access to cryptocurrencies without buying the underlying digital assets themselves. Many analysts and trading houses expect spot bitcoin ETF approval to lead to a rush of mainstream money into the sector.
Matrixport notes there are about 420 million- 440 million cryptocurrency owners globally. 260 million are in Asia, 54 million in North America, 38 million in Africa, 31 million in South America and 1.5 million in Oceania. While Asia is the largest group by far, the “buying power of U.S. traders and institutions is a magnitude larger,” the report said.
The total crypto market cap has climbed back above $1.25 trillion, the note said.
The world’s largest cryptocurrency, #BTC ($BTC ), has risen 25% in the last month, with most of these gains accumulating during U.S. trading hours, crypto services provider Matrixport said in a note on Wednesday.
“This is a significant development and shows that U.S. institutions and U.S. investors are embracing the news that a U.S.-listed spot bitcoin exchange-traded-fund (ETF) appears imminent,” wrote Markus Thielen, head of research at Matrixport
ETFs are traded on an exchange and track the performance of an underlying asset. They are popular investment products as they are cheap to trade and allow investors to gain access to cryptocurrencies without buying the underlying digital assets themselves. Many analysts and trading houses expect spot bitcoin ETF approval to lead to a rush of mainstream money into the sector.
Matrixport notes there are about 420 million- 440 million cryptocurrency owners globally. 260 million are in Asia, 54 million in North America, 38 million in Africa, 31 million in South America and 1.5 million in Oceania. While Asia is the largest group by far, the “buying power of U.S. traders and institutions is a magnitude larger,” the report said.
The total crypto market cap has climbed back above $1.25 trillion, the note said.
Crypto market erupts with $110 billion surge in 24 hours ↗️↗️↗️
In addition to the renewed wave of optimism in the cryptocurrency sector triggered by the rumors of an imminent approval of a spot #BTC ($BTC ) exchange-traded fund (ETF), the industry’s total market capitalization has skyrocketed, adding $110 billion in a single day.
As it happens, the cryptocurrency market cap has increased from $1.16 trillion to $1.27 trillion in the last 24 hours alone, which means it has skyrocketed by nearly 10%, mimicking the growth of its largest asset, according to the information retrieved from crypto monitoring platform CoinMarketCap on October 24.
In addition to the renewed wave of optimism in the cryptocurrency sector triggered by the rumors of an imminent approval of a spot #BTC ($BTC ) exchange-traded fund (ETF), the industry’s total market capitalization has skyrocketed, adding $110 billion in a single day.
As it happens, the cryptocurrency market cap has increased from $1.16 trillion to $1.27 trillion in the last 24 hours alone, which means it has skyrocketed by nearly 10%, mimicking the growth of its largest asset, according to the information retrieved from crypto monitoring platform CoinMarketCap on October 24.
Decoding SHIB’s On-Chain Data: Potential Run to Kill a Zero? ↗️
#SHIB ($SHIB ) has topped $245 million in large transactions in the last seven days, pointing to rising crypto whale activity. This has resulted in a short rebound rally for SHIB, mounting to the daily high of $0.00000728, according to CoinGecko.
SHIB held the reclaimed resistance level throughout the day with 3.6% gains, totaling the slight rebound rally to 5% in two weeks. Last week, Shiba Inu slipped away from the bear trap but was rejected twice at the $0.000007 resistance.
At press time, SHIB is changing hands at $0.00000722 with a neutral whale concentration signal, according to blockchain analytics platform IntoTheBlock. The rebound rally is highly influenced by crypto whales, who scooped up 22 billion SHIB tokens on October 19. #crypto2023
All three alternative cryptos in the Shiba Inu Ecosystem benefited from the Monday rally. Shibarium’s gas fee token Bone ShibaSwap (BONE) fetched 1.9% gains in the last 24 hours, while Doge Killer (LEASH) added 0.28%. Shiba Inu’s latest partner, the artificial intelligence and memecurrency fusion Bad Idea AI (BAD), led the race with 14.36% daily profit.
#SHIB ($SHIB ) has topped $245 million in large transactions in the last seven days, pointing to rising crypto whale activity. This has resulted in a short rebound rally for SHIB, mounting to the daily high of $0.00000728, according to CoinGecko.
SHIB held the reclaimed resistance level throughout the day with 3.6% gains, totaling the slight rebound rally to 5% in two weeks. Last week, Shiba Inu slipped away from the bear trap but was rejected twice at the $0.000007 resistance.
At press time, SHIB is changing hands at $0.00000722 with a neutral whale concentration signal, according to blockchain analytics platform IntoTheBlock. The rebound rally is highly influenced by crypto whales, who scooped up 22 billion SHIB tokens on October 19. #crypto2023
All three alternative cryptos in the Shiba Inu Ecosystem benefited from the Monday rally. Shibarium’s gas fee token Bone ShibaSwap (BONE) fetched 1.9% gains in the last 24 hours, while Doge Killer (LEASH) added 0.28%. Shiba Inu’s latest partner, the artificial intelligence and memecurrency fusion Bad Idea AI (BAD), led the race with 14.36% daily profit.
Bitcoin Set to Hit $56,000 Upon BlackRock ETF Approval 🔥
While maintaining the $30,000 mark is proving challenging for Bitcoin$BTC , there appears to be a noteworthy surge in bullish sentiment. It can be attributed in part to the increased optimism of investors regarding the potential approval of a spot Bitcoin ETF in the US.
A potential approval can push #bitcoin between $42,000 and $56,000, according to a new report.
the US Securities and Exchange Commission (SEC) has declined to grant approval for a spot Bitcoin ETF despite numerous applications. Matrixport’s latest report has weighed in on the matter, speculating on the potential impact of BlackRock’s eagerly awaited spot Bitcoin ETF approval.
The report draws a comparison to the substantial $120 billion precious metals ETF industry. If even a modest 10–20% of investors currently engaged in precious metal ETFs decide to diversify their portfolios by allocating funds to Bitcoin ETFs, this shift could channel a notable $12 billion to $24 billion into these cryptocurrency investment options.
The crypto financial services platform’s latest analysis suggests that if BlackRock’s spot Bitcoin ETF is approved, the asset could experience a significant price surge.
Tether’s market cap, often viewed as a proxy for potential ETF inflows, plays a crucial role in this scenario. A $24 billion increase in Tether’s market cap is predicted to drive Bitcoin’s price to $42,000, reflecting a conservative estimate.
However, a more substantial influx of $50 billion, accounting for a 1% allocation from Registered Investment Advisors (RIAs), could propel Bitcoin to soar to an impressive $56,000.
BlackRock stated,
“Our earlier reports analyzed the 15,000-strong US registered investor advisor (RIA) community overseeing around $5 trillion. This group holds immense potential, and even a modest 1% allocation recommendation for Bitcoin would usher in around $50 billion in inflows.”#crypto2023
While maintaining the $30,000 mark is proving challenging for Bitcoin$BTC , there appears to be a noteworthy surge in bullish sentiment. It can be attributed in part to the increased optimism of investors regarding the potential approval of a spot Bitcoin ETF in the US.
A potential approval can push #bitcoin between $42,000 and $56,000, according to a new report.
the US Securities and Exchange Commission (SEC) has declined to grant approval for a spot Bitcoin ETF despite numerous applications. Matrixport’s latest report has weighed in on the matter, speculating on the potential impact of BlackRock’s eagerly awaited spot Bitcoin ETF approval.
The report draws a comparison to the substantial $120 billion precious metals ETF industry. If even a modest 10–20% of investors currently engaged in precious metal ETFs decide to diversify their portfolios by allocating funds to Bitcoin ETFs, this shift could channel a notable $12 billion to $24 billion into these cryptocurrency investment options.
The crypto financial services platform’s latest analysis suggests that if BlackRock’s spot Bitcoin ETF is approved, the asset could experience a significant price surge.
Tether’s market cap, often viewed as a proxy for potential ETF inflows, plays a crucial role in this scenario. A $24 billion increase in Tether’s market cap is predicted to drive Bitcoin’s price to $42,000, reflecting a conservative estimate.
However, a more substantial influx of $50 billion, accounting for a 1% allocation from Registered Investment Advisors (RIAs), could propel Bitcoin to soar to an impressive $56,000.
BlackRock stated,
“Our earlier reports analyzed the 15,000-strong US registered investor advisor (RIA) community overseeing around $5 trillion. This group holds immense potential, and even a modest 1% allocation recommendation for Bitcoin would usher in around $50 billion in inflows.”#crypto2023
XRP Price Jumps 10%, next pump is 0.550 ? 🔥
After forming a base above the $0.480 level, #XRP started a fresh increase. Recently, the SEC dropped its case against Ripple’s executives. It sparked a sharp increase in XRP above the $0.50 resistance.
There was a break above a major bearish trend line with resistance near $0.4885 on the 4-hour chart of the XRP/USD pair. The pair even broke the 50% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low.
$XRP price is now trading above $0.505 and the 100 simple moving average (4 hours). It is also helping #bitcoin , #Ethereum , #Solana , and other cryptocurrencies in moving higher.
On the upside, immediate resistance is near the $0.524 level or the 61.8% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low. The first major resistance is near the $0.532 level. A close above the $0.532 level could send the price toward the $0.550 resistance.
If the bulls remain in action above the $0.550 resistance level, there could be a drift toward the $0.565 resistance. Any more gains might send XRP toward the $0.585 resistance.
After forming a base above the $0.480 level, #XRP started a fresh increase. Recently, the SEC dropped its case against Ripple’s executives. It sparked a sharp increase in XRP above the $0.50 resistance.
There was a break above a major bearish trend line with resistance near $0.4885 on the 4-hour chart of the XRP/USD pair. The pair even broke the 50% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low.
$XRP price is now trading above $0.505 and the 100 simple moving average (4 hours). It is also helping #bitcoin , #Ethereum , #Solana , and other cryptocurrencies in moving higher.
On the upside, immediate resistance is near the $0.524 level or the 61.8% Fib retracement level of the key decline from the $0.5510 swing high to the $0.4730 low. The first major resistance is near the $0.532 level. A close above the $0.532 level could send the price toward the $0.550 resistance.
If the bulls remain in action above the $0.550 resistance level, there could be a drift toward the $0.565 resistance. Any more gains might send XRP toward the $0.585 resistance.
Bitcoin's long-term investors own over 76% of all BTC for the first time 🔥🔥🔥
BTC supply dynamics show all-time high percentage ownership by long-term holders, and Bitcoin investors should "do the math" as a result, analysis says.
Bitcoin is becoming scarcer than ever — if you are a $BTC price speculator or new to the market.
The latest data from on-chain analytics firm Glassnode shows a record portion of the available #BTC supply is locked up in long-term storage.
At more than 76%, Bitcoin’s long-term holders (LTHs) control more of the BTC supply than at any point in history.
Despite the supply increasing with every block, in percentage terms, the low-time preference Bitcoin investor cohort has a record market presence.
As noted by Charles Edwards, founder of quantitative #bitcoin and digital asset fund Capriole Investments, the achievement marks a first in Bitcoin’s lifespan.
“A record 76.2% of the Bitcoin network is locked up with long-term holders today,” he wrote on X on Oct. 18.
BTC supply dynamics show all-time high percentage ownership by long-term holders, and Bitcoin investors should "do the math" as a result, analysis says.
Bitcoin is becoming scarcer than ever — if you are a $BTC price speculator or new to the market.
The latest data from on-chain analytics firm Glassnode shows a record portion of the available #BTC supply is locked up in long-term storage.
At more than 76%, Bitcoin’s long-term holders (LTHs) control more of the BTC supply than at any point in history.
Despite the supply increasing with every block, in percentage terms, the low-time preference Bitcoin investor cohort has a record market presence.
As noted by Charles Edwards, founder of quantitative #bitcoin and digital asset fund Capriole Investments, the achievement marks a first in Bitcoin’s lifespan.
“A record 76.2% of the Bitcoin network is locked up with long-term holders today,” he wrote on X on Oct. 18.
