đ Bitcoin to the Moon? Maybe by 2025! đ
- Bitcoin (BTC) is eyeing a whopping $87,000 by early 2025, according to the Power Law Corridor, a favorite tool among long-term hodlers. Titan of Crypto says BTC is gearing up for this target, consolidating like a champ.
- Trader Tardigrade chimes in, noting BTC has been cozy in the Gaussian Channel since January 2023. Once it leaves, a Massive Bull Run could follow.
- But hold your horses! BTC needs to break the $59.6K resistance first. Analysts say we might see some choppy waters until October.
Stay tuned, folks! đ
đ Bitcoin Aiming for the Moon: $87K by 2025? đ
Hold onto your crypto wallets, folks! Bitcoin (BTC) is gearing up for a stellar breakout, potentially hitting $87,000 by early 2025, according to the Power Law Corridor. Popular analyst Titan of Crypto shared on X that BTC is consolidating and eyeing this ambitious target.
But wait, there's more! Trader Tardigrade also sees a massive bull run on the horizon, thanks to the Gaussian Channel support since January 2023.
However, BTC needs to break through the $59,600 resistance first. Will it happen soon? Analysts predict some choppiness until October.
What do you think? Share your thoughts below! đŹ
ICP: The Internet Computer's Bull Run is Here
Is ICP poised to defy the odds and surge towards new heights?
In the ever-shifting sands of the cryptocurrency landscape, Internet Computer Protocol (ICP) has emerged as a beacon of innovation, promising to reshape the way we interact with the web. With its unique approach to decentralized computing and a growing ecosystem of dApps, ICP is gaining traction among investors and developers alike.
A New Era of Decentralized Computing
ICP's groundbreaking technology allows developers to build and host applications directly on the blockchain, eliminating the need for intermediaries. This not only enhances security and privacy but also opens up new possibilities for decentralized finance (DeFi), gaming, and social media.
A Bull Run on the Horizon?
While the crypto market is notoriously volatile, there are signs that ICP may be on the cusp of a significant bull run. Increased institutional interest, growing adoption of dApps, and ongoing technological advancements are all contributing factors.
Join the ICP Revolution
If you're looking to invest in a project with the potential to disrupt the internet as we know it, ICP may be worth considering. However, as with any investment, it's essential to do your own research and understand the risks involved.
Let's build a brighter future together. Take a look at our bio @EliteDailySignals for more crypto insights.
#ICP. #InternetComputer #ICP/USDT #Icpusdt #TrendingTopic $ICP @InternetComputer @EliteDaily
{spot}(ICPUSDT)
đ€ Feel free to Give a Tip if it doesn't hurt your wallet.
Follow us for more crypto insights and investment opportunities.
**Bitcoin Eyes $87K by 2025, Faces Short-Term Resistance**
Bitcoin (BTC) could hit $87,000 by early 2025, according to popular analyst Titan of Crypto, who cited the Power Law Corridor in an Aug. 29 post. This model measures the correlation between Bitcoin's price and time, often used by long-term holders.
Other analysts, like Trader Tardigrade, also predict a bullish trend, noting Bitcoin's support from the Gaussian Channel since January 2023.
However, BTC faces a crucial short-term resistance at $59,600. Breaking this level could trigger an upward move, but consolidation might delay the breakout until October, according to market analyst Elja Boom.
Investors should conduct their own research before making any decisions.
Top 5 Cryptocurrencies to Invest in Before 2025: Secure Your Future in the Crypto Market
1. Bitcoin (BTC): The Market Leader
Bitcoin remains the undisputed king of the cryptocurrency world. With its widespread adoption, institutional backing, and proven resilience, Bitcoin is the go-to asset for both beginners and seasoned investors. Its limited supply and strong market presence make it a must-have in any diversified crypto portfolio. As the digital gold standard, Bitcoin continues to pave the way for the entire cryptocurrency market.
{future}(BTCUSDT)
2. Ethereum (ETH): The Backbone of Decentralized Finance
Ethereum is more than just a cryptocurrencyâit's a platform that hosts a wide range of decentralized applications (dApps) and smart contracts. With the transition to Ethereum 2.0 and its proof-of-stake consensus mechanism, ETH is set to become more scalable, secure, and sustainable. This makes it an attractive investment for those looking to capitalize on the future of decentralized finance (DeFi) and (NFTs).
{future}(ETHUSDT)
3. Dogecoin (DOGE): The People's Cryptocurrency
What started as a meme has grown into a widely recognized and loved cryptocurrency. Dogecoin, with its strong community and frequent endorsements from high-profile figures like Elon Musk, has proven that it's more than just a joke. Its low transaction fees and fast processing times make it ideal for microtransactions and tipping. it presents a unique investment opportunity for those willing to embrace its playful yet potent potential.$BTC $ETH $DOGE
4. Cardano (ADA): The Green Blockchain
Cardano is a third-generation blockchain platform that prioritizes sustainability, scalability, and security. Its innovative proof-of-stake consensus mechanism makes it one of the most eco-friendly. With a strong focus on academic research and peer-reviewed development,ada aims to create a secure and scalable infrastructure for the future of decentralized applications and financial services #DogecoinâŹâ© #Bitcoinâ #ETHETFsApproved #CryptoNewss #CryptoMarketMoves
{future}(ADAUSDT)
Laszlo Hanyecz: The Unsung Bitcoin Legend Who Spent $2.4 Billion on Pizza đđ
In April 2010, a Florida-based Mac programmer named Laszlo Hanyecz stumbled upon something that would change the worldâBitcoin, which was trading at less than a penny. đ» At the time, Bitcoin was only running on Windows, but Laszlo quickly translated Satoshi Nakamotoâs code to MacOS, expanding the networkâs reach. Within a week, his work was already helping new users dive into this revolutionary technology.
Laszlo didn't just write code; he made history. đ He became one of Satoshiâs most trusted collaborators, deeply involved in shaping Bitcoinâs future. Together, they discussed everything from Bitcoinâs value to how its payments should work.
But Laszloâs contributions didnât stop there. As one of Bitcoinâs first five developers, he was at the forefront of its development, even earning Satoshiâs praise for his work on the third version of Bitcoin's software. đ
Not just a coder, Laszlo was also a pioneering miner. He was the first to harness the power of GPUs for mining, dramatically increasing the network's hashpower. In just two months, he mined over 35,000 BTC, watching his balance soar to over 80,000 Bitcoin. đČ Thatâs over $2.4 billion today!
Yet, Laszlo wasnât in it just for the money. When Satoshi expressed concerns about mining becoming too centralized, Laszlo didnât quit. Instead, he decided to give back. He dusted off an idea from Satoshiâs own playbook and posted an offer that would become legendary: 10,000 BTC for two pizzas. đ At the time, 10,000 BTC was worth a mere $41.
That transaction? Itâs now the most famous pizza delivery in history.
Laszlo Hanyecz may have spent what is now billions on pizza, but his legacy in the crypto world is priceless. đ
Avalanche: How important is the $22.84 level for AVAX? #Avaxđ„đ„
AVAX experienced a sustained decline over the past 30 days, but a rally can take place on one condition.Â
âą AVAX has experienced a decline over the past 30 days, dropping by 11.89%
âą Analysts expect massive sell-offs if prices decline below the $22.84 support level.
Over the last 30 days, Avalanche [AVAX] experienced a considerable decline of over 11.89%. However, there was a slight recovery over the last seven days, reporting a 1.61% gain on the weekly charts.
Despite these developments, AVAXâs price remained relatively low from the recent high of $33.02 and 85% below ATH recorded three years ago.
#ATH.
The current market conditions have left analysts eyeing further gains. Inasmuch, Crypto analyst Trade Devils saw a rally after the altcoin formed a bullish pattern.
In his analysis, Trade Devils pointed to the inverse head and shoulder patterns that recurred across the altcoin market. If the prices break out of the stubborn resistance level of $22.84, the altcoin will rally.
$BTC
However, the analyst sees massive sell off if it fails to hold above $22.84 support level.
$ETH
Based on this analysis, the AVAX will make further gains since it has already passed its point of possible selling pressure.
What AVAXâs charts suggest
$BNB
AMBCrypto then took at look at AVAXâs price charts. Notably, in the last four days, the altcoin had experienced a sharp decline in its price to trade at $23.74. This marked a 1.29% drop in the past day.
Prior to the last five days of decline, AVAX was rising from a low of $19.79 to a high of $28 at press time.
{spot}(AVAXUSDT)
Broadly, AVAXâs market sentiment remained bearish. Looking at the Relative Strength Index (RSI), it had declined over the past 24 hours to 48.
Also, the RSI-based MA at 51 remained above RSI, which showed high selling pressure.
This market sentiment was further supported by a negative OI-Weighted Funding Rate, suggesting an increase in demand for short positions, with many investors betting on the market to drop.
XVS/USDT: Approaching Critical Support at $6.50
#xvs $XVS
{spot}(XVSUSDT)
The XVS/USDT pair on Binance's 4-hour chart is currently trading around $6.67, positioned below the 200-period moving average (MA) of $6.78 and also slightly below the Volume Weighted Average Price (VWAP) of $6.67. This positioning below both the MA and VWAP suggests a bearish sentiment with potential downside risk in the short term.
VWAP is at $6.67, almost aligning with the current price level, indicating a phase of consolidation around this point. The price being below both the VWAP and the 200-MA suggests a bearish bias in the immediate term.Relative Strength Index (RSI) is at 38.60, which is in the lower neutral territory, indicating that the market is approaching oversold conditions but is not there yet. This reflects decreasing buying pressure with an inclination towards potential selling momentum.
(MACD) shows a bearish crossover, with the MACD line below the signal line and the histogram in negative territory. This suggests the continuation of a bearish trend if the momentum sustains.
Resistance Levels: The immediate resistance level to watch is around $7.00. A breakout above this level could lead to a further rise toward the next significant resistance zone around $8.00.Support Levels: On the downside, the primary support level is near $6.50. A break below this level could lead to further declines toward the next support zone around $6.00.
#6thTrade #BinanceBlockchainWeek #Market_Update
Disclaimer:
The information provided in this analysis is for educational purposes only and should not be considered financial advice. Cryptocurrency investments are volatile and carry a high risk. Always perform your own research before making any investment decisions.
đ Ethereum's Dencun update has sparked a layer-2 (L2) blockchain boom, with 73 L2s listed on L2beat and 82 more in the pipeline. But is this a case of too much of a good thing? đ€
Adrian Brink, CEO of Anoma, thinks so. "We need only about one-tenth of what we've got," he says. The challenge? Finding real-world applications for all this shiny new infrastructure.
Vitali Dervoed of Composability Labs agrees, warning that too many L2s could lead to less interoperability and a fragmented ecosystem.
What do you think? Are we building too much, too fast? Drop your thoughts below! đŹ
IDEX crypto price levels to watch
#IDEX_USDT
On price charts, the explosive rally that began on the 27th of August, was triggered at the 50-day EMA (Exponential Moving Average). After that, IDEX reclaimed its early 2024 support above $0.045 (marked cyan).Â
However, at the time of writing, the upswing faced rejection at the supply zone and previous Q2 support within $0.055 â $0.060 (marked red).
The cool-off was back at the previous support at $0.045, which could offer market re-entry for late bulls if it was defended.Â
The bullish targets for IDEX were the immediate supply zones at ($0.055 â $0.060) and above $0.065 (marked white).
The bullish readings on RSI (Relative Strength Index) and Stochastic RSI supported the bullish outlook.Â
#CryptoMarketAlert
However, the indicators also flashed overbought conditions. A caution for bulls. A drop below $0.045 would invalidate the bullish thesis. In such case, the dynamic support of 50-EMA would be a key level to watch out for.Â
IDEX speculators bullish, butâŠ#CryptoMarketImpact
According to Santiment, IDEX speculators were bullish, as illustrated by the massive positive surge in Weighted Sentiment.
$BTC
However, short-term holders were in profit and could be tempted to take profit, as shown by the positive reading on the 30-day MVRV (Market Value to Realized Value).Â
$ETH
Meanwhile, the most crucial resistance to watch was $0.57, the overhead supply zone on price charts. Per IntoTheBlock data, most of the IDEX tokens were bought at these level and most users were in loss.
$SOL
So, more sell pressure could be experienced at the level.Â
{spot}(IDEXUSDT)
đ **Bitcoin Rollercoaster: A Week of Highs and Lows!** đ
Hold onto your hats, Bitcoin enthusiasts! Last week was a wild ride for BTC. It started with a bang as BTC soared from $60,000 to over $64,000, thanks to bullish vibes from the US. Fed Chair Jerome Powell hinted at interest rate cuts, and RFK endorsed pro-crypto Donald Trump. đ
However, the weekend was quieter for BTC, even as the crypto world buzzed with the arrest of Telegram's Pavel Durov. TON took a nosedive, but BTC held steady.
Monday saw BTC hitting $65,000, but by Wednesday, it tumbled below $58,000. Thursday brought a brief recovery to $61,200, but BTC now hovers below $60,000.
Despite the dips, BTC's market cap stands strong at $1.180 trillion, dominating at nearly 54%. đ
Stay optimistic, Bitcoiners! đ
**News Flash: Ethereum's Dencun Update Sparks Layer-2 Boom, But Is It Too Much?**
Ethereum's recent Dencun update has triggered a surge in layer-2 (L2) blockchains, with 73 already listed and 82 more on the way, according to L2beat. However, industry leaders like Adrian Brink of Anoma and Vitali Dervoed of Composability Labs argue that the market is oversaturated. Brink believes only a tenth of these L2s are necessary, while Dervoed warns that too many L2s could harm interoperability and fragment the ecosystem.
Both experts stress the need for more user-focused applications rather than just infrastructure. "Without compelling use cases, broader audiences wonât care about blockchain," Dervoed said. The current trend of incentivized airdrops is also criticized for creating short-term activity without long-term value.
Despite the skepticism, some like Elena Sinelnikova of Metis believe each L2 can find its niche. The debate continues, but one thing is clear: the industry needs to balance infrastructure with real-world applications to sustain growth.
IDEX crypto pumps 25% a week ahead of mainnet DEX debut - Whatâs next?#idexpump
Will the perpetual DEX mainnet debut be a 'sell-the-news' event for IDEX?
#IDEX_USDT
âą IDEX crypto exploded ahead of mainnet launch for perpetual DEX.Â
âą Will the mainnet update be a âsell-the-newsâ event?Â
Speculators have been bullish on IDEX crypto, a native token for Idex, an omnichain perpetual DEX (decentralized exchange), ahead of its mainnet launch.
The token surged nearly 25% in the past seven trading days, decoupling from the rest of the market decline.Â
$BTC
Idex has been operating on testnet since May, enabling trading for select top assets like Bitcoin [BTC], Ethereum [ETH], and Solana [SOL].Â
$ETH
Its mainnet, set to go live on the 29th of August, will add more assets and features. Traders had early positioning for the announcement, as seen by the surge in market cap from $31 million to a peak of $48 million.Â
$SOL
As a result, the mainnet debut might act as a sell-the-news event. But where are the key levels to watch as the next chapter for IDEX begins?Â
IDEX crypto price levels to watch
On price charts, the explosive rally that began on the 27th of August, was triggered at the 50-day EMA (Exponential Moving Average). After that, IDEX reclaimed its early 2024 support above $0.045 (marked cyan).Â
However, at the time of writing, the upswing faced rejection at the supply zone and previous Q2 support within $0.055 â $0.060 (marked red).
#CryptoMarketMoves
The cool-off was back at the previous support at $0.045, which could offer market re-entry for late bulls if it was defended.Â
The bullish targets for IDEX were the immediate supply zones at ($0.055 â $0.060) and above $0.065 (marked white).
#BinanceBlockchainWeek
The bullish readings on RSI (Relative Strength Index) and Stochastic RSI supported the bullish.
However, the indicators also flashed overbought conditions. A caution for bulls. A drop below $0.045 would invalidate the bullish thesis. In such case, the dynamic support of 50-EMA would be a key level to watch out for.Â
URGENT ALERT EVERYONE
Holding $G offers a unique blend of benefits and rights that sets it apart in the crypto landscape. As a $G holder, you're not just an investor but an active participant in the governance of the Gravity Chain ecosystem. This means you have a say in key decisions that shape the future of the network, from protocol upgrades to new feature implementations. Moreover, $G holders enjoy priority access to exclusive features, airdrops, and rewards, making it a token that provides both influence and tangible value.
Looking ahead, the Gravity Chain is poised for significant growth. Its innovative approach to interoperability and scalability positions it as a key player in the broader blockchain ecosystem. The Gravity Alpha Mainnet is just the beginning, as the network aims to bridge gaps between various chains, creating a seamless, decentralized web of blockchains.
Galxe, powered by Gravity, is also on an exciting trajectory. By leveraging Gravity's robust infrastructure, Galxe is set to enhance its capabilities, offering more secure, scalable, and efficient solutions for its users. The collaboration between Gravity and Galxe could lead to a future where decentralized applications (dApps) on Galxe become more powerful and accessible, further increasing the utility and value of $G. #GravityAlphaMainnet
With frictionless cross-chain interactions, $G holders are pivotal in expanding the community and driving the evolution of Gravity. Gravity Chain: A Blockchain RevolutionGravity is a pioneering Layer 1 omnichain platform, purpose-built for widespread adoption, addressing the critical issues of scalability and cross-chain interoperability. It facilitates high-efficiency transactions, with Galxeâs solutions fully integrated into its ecosystem. With an impressive volume of over 60 million transactions monthly, Gravity is poised to outpace Ethereum, establishing itself as a forefront innovator in the blockchain space.
#Gravity #GravityAlphaMainnet
#BNBChainMemecoins #CryptoMarketMoves
Luna Classic struggles to overcome key resistance: Big drop ahead? #LUNAUpdate
A short-term price bounce is expected for Terra Luna Classic, but can a range breakout follow from this?
âą Terra Luna Classic was rejected from the range highs but could see a price bounce soon.
âą The liquidity levels indicated that the token could see a double-digit percentage drop over the next two weeks.
#LUNAđ„đ„đ„
Terra Luna Classic [LUNC] retested the two-month-old rangeâs highs during the recent rally but was unable to breach the resistance level. It climbed past the mid-range level on the 21st of August when Bitcoin [BTC] jumped above the $60k mark.
The bankruptcy court order in Terraform Labsâ case meant the Shuttle Bridge could be opened to facilitate token movements between Terra and other blockchains. This could help in the companyâs restructuring efforts.
{spot}(LUNAUSDT)
The range-bound price action continues
Luna Classic has traded within the $0.0000637-$0.0000964 range since early July. Its most recent attempt the break the range highs met with failure. According to the Awesome Oscillator, the momentum was bullish but weakening.
#CryptoMarketMoves
The OBV was unable to break the highs from July, which meant the buying volume was not large enough to boost the chances of a LUNC breakout.
#BinanceBlockchainWeek
The current market price was still above the mid-range support level. It is unclear if prices can hold this level or will be headed for a deeper price drop. The liquidity charts offered some clues.
LUNC could be headed for the lows, but bears need patience #LUNARtoken
The liquidation heatmap showed that the $0.0001 and the $0.000063-$0.000071 zones were the next magnetic zones for the price.
Given the range high rejection, AMBCrypto concluded a move downward.
The cumulative liq levels delta of the past few days has been intensely negative. The conclusion here is that a short squeeze is likely before the move to the range lows can commence
The $0.000087 and $0.000091 levels were the short-term bullish targets.
đ **Binance to Support Cardanoâs Chang Hard Fork!**
Binance has announced its support for Cardanoâs (ADA) upcoming Chang hard fork, set for Sept. 1, 2024, at 20:45 UTC. Ahead of the upgrade, ADA deposits and withdrawals will be paused, but trading remains unaffected. Binance will handle all technical requirements, so users need not worry.
đ§ **Why the Chang Hard Fork Matters:**
- Part of Cardanoâs roadmap to the Voltaire era, aiming for a self-sustaining ecosystem.
- Includes governance improvements like voting and a treasury system.
đŹ What are your thoughts on Cardanoâs future? Share in the comments!
**Crypto in the Driverâs Seat this Election Season! đ**
- A recent Fairleigh Dickinson University poll shows Trump leading among crypto owners by 12 points over VP Kamala Harris in the 2024 U.S. Presidential race.
- 50% of likely crypto-owning voters back Trump, compared to 38% for Harris. Among non-crypto owners, Harris leads with 53% to Trumpâs 41%.
- 15% of registered U.S. voters have owned crypto, NFTs, or similar assets, with a higher composition of men, younger voters, and racial minorities.
- Trumpâs pro-crypto stance contrasts his 2021 criticism, aiming to make the U.S. the âcrypto capital of the planetâ if re-elected.
- Harrisâs campaign launched Crypto4Harris to engage the crypto community and counter Republican efforts.
What do you think about cryptoâs role in politics? Share your thoughts below! đŹ
đ Exciting News in Crypto & AI! đ
Qubic has just unveiled Aigarth, an innovative project merging AI with decentralized blockchain systems! đ Aigarth aims to emulate natural evolution, enabling AI to learn, adapt, and evolve autonomously. Unlike traditional AI, Aigarth's independent development could lead to more sophisticated and adaptive intelligence.
Key Highlights:
- AI evolves from basic to complex functions
- New AI security system protects creators' rights
- Potential leap towards Artificial General Intelligence (AGI)
Join the conversation! What do you think about AI and blockchain integration? Comment below! đŹ