🔹 Ethereum's Active Addresses Surge: Will Price Follow?
📊 Ethereum [ETH] is currently leading among Layer 1 (L1) and Layer 2 (L2) platforms in terms of active addresses. As of October 2024, there are over 5 million active addresses recorded across the Ethereum mainnet and its L2 networks. This growth is a significant indicator of Ethereum’s increasing dominance in the blockchain space.
📈 An analysis from IntoTheBlock shows that Ethereum is outpacing other networks in growth, with a notable rise in daily active addresses. Ethereum now holds a dominant position with its share of active addresses exceeding 40%. This surge is driven by the development and adoption of L2 networks like Arbitrum and Optimism.
💰 However, despite this increase in active addresses, Ethereum’s price movement has been modest. As of October 22, 2024, Ethereum is trading at $2,642, marking a slight decline of 0.85% in the last 24 hours. The price has been fluctuating within the $2,600 to $2,670 range, finding support near its 50-day moving average of $2,485.
📉 The Relative Strength Index (RSI) currently sits at 57.19, indicating neutral market momentum, while the Average True Range (ATR) of 96.16 shows a small uptick in volatility. These indicators suggest that external market factors and broader investor sentiment are playing a larger role in determining price action.
🚀 The increase in active addresses highlights Ethereum’s expanding ecosystem and growing demand. If Ethereum can maintain this momentum with continued adoption of Layer 2 networks and strong staking participation (over 34 million ETH currently staked), there is potential for the price to catch up to its on-chain growth.
⚠️ However, despite these positive signals, ETH’s price remains cautious. Technical indicators point to mixed signals, suggesting that while ETH’s network is flourishing, the market may be waiting for stronger catalysts to drive the price higher.
$ETH #DYOR
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#binancepumpkin
🔥 SCROLL TOKEN PRICE PREDICTION 😱
The Scroll Token price prediction is looking bullish! As of today, the price is $1.22, with a 24-hour trading volume of $148,919,326 and a market cap of $231,870,903 .
Short-Term Predictions:
- _1 hour:_ 1.1$
- _1 day:_ 1.23$
- _7 days:_ 1.5$
Long-Term Predictions:
in long term scroll token will hit 5$ in bull market .
Key Factors Influencing Price:
- Adoption and usage of Scroll's Layer 2 scaling solution
- Partnerships and collaborations
- Market sentiment and trends
- Competition from other cryptocurrencies
- Regulatory environment
Token Information:
- Circulating supply: 190,000,000 SCR
- Max supply: 1,000,000,000 SCR
- Current CoinMarketCap ranking: #198
Keep in mind that cryptocurrency markets are highly volatile, and actual prices may differ from predictions. Always do your own research and consider multiple perspectives before making investment decisions.
#ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections $SUI $SCR $BTC
🚀 **Core Scientific Powers Up with CoreWeave!**
- Bitcoin miner Core Scientific is supercharging its partnership with AI computing firm CoreWeave, adding 120 MW to their high-performance computing (HPC) operations. That's a total of 500 MW across six sites!
- Expecting to rake in up to $8.7 billion over 12 years, Core Scientific's stock (CORZ) is already up 5.1%, trading at $13.48 on Nasdaq.
- Site upgrades kick off in late 2025, becoming operational by late 2026. CoreWeave will fund $180 million in infrastructure investments.
- This deal diversifies Core Scientific's revenue and boosts AI services, marking a big comeback after a rocky 2022. 💡
- CEO Adam Sullivan is pumped: “Significant demand for next-gen compute workloads!”
🚀 Crypto fans, buckle up! The SEC is back with its 2025 priorities, and guess what? Crypto assets are in the spotlight again! 🌟
- The SEC plans to scrutinize the offer, sale, advice, and trading of crypto assets, especially Bitcoin (BTC) and Ether (ETH) exchange-traded products.
- Keith Cassidy, Acting Director, highlights the focus on investor protection and technological risks.
- Spot crypto ETFs are now on the radar, a shift from 2024.
With potential leadership changes in 2025, will the SEC's approach evolve? Share your thoughts below! 💬
**SEC to Prioritize Crypto in 2025 Amid Leadership Uncertainty**
The U.S. Securities and Exchange Commission (SEC) has announced its examination priorities for 2025, with a strong focus on cryptocurrencies. The SEC plans to scrutinize the offer, sale, recommendation, and trading of crypto assets, including spot Bitcoin (BTC) and Ether (ETH) exchange-traded products.
- The SEC aims to address technological risks linked to blockchain and crypto security.
- Acting Director Keith Cassidy highlighted the need to protect investors from potential risks.
- Chair Gary Gensler emphasized the importance of understanding regulatory rules.
The SEC's approach to crypto regulation remains firm, despite potential leadership changes. Gensler's term ends in June 2026, but he might leave earlier if a new administration takes over in January 2025. Both Donald Trump and Kamala Harris have hinted at replacing him.
Critics argue the SEC's "regulation by enforcement" strategy has led to numerous lawsuits against crypto firms. The commission's future actions could be influenced by a recent Supreme Court decision affecting regulatory authority.
**News Flash: Core Scientific Expands AI Hosting Deal with CoreWeave**
Bitcoin miner Core Scientific has expanded its hosting contract with AI computing firm CoreWeave, adding 120 megawatts (MW) to CoreWeave’s high-performance computing operations. This brings the total to 500 MW across six Core Scientific sites. The deal, announced on Oct. 22, is projected to generate up to $8.7 billion in revenue over 12 years.
Core Scientific’s stock (CORZ) rose 5.1%, trading at $13.48 on Nasdaq. Site modifications will start in late 2025, with operations expected by late 2026. CoreWeave will fund $180 million in infrastructure upgrades, credited against hosting fees. The contract includes two potential five-year renewals.
Core Scientific plans to allocate 700 MW for HPC hosting and 500 MW for Bitcoin mining. CEO Adam Sullivan highlighted the growing demand for next-gen compute infrastructure, indicating plans to expand both existing and new data centers.
Analyst Predicts $200,000 Bitcoin Price Post-2025
✨ Crypto analyst Sminston With predicts Bitcoin could reach $200,000 by 2026, based on the Decay Channel model's forecast.
✨ On-chain data like the 350-day Simple Moving Average suggests $BTC's cycle top may be around $114,256, not $200,000.
✨ Bitcoin's current price struggles below $67,000, with RSI indicating bearish momentum; $BTC may drop toward $62,995.
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Big news! 💸 BlackRock keeps stacking up #BTC!
$BTC
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Yesterday, they added another 4,869 BTC ($328M) to their balance, bringing their total holdings to a massive 391,484 BTC, worth $26.45B! 🤑
And that’s not all—BlackRock also holds 435,072 ETH, valued at $1.16B.
Institutions are loading up… what are you doing? 👀 #MarketDownturn #btc70k #BlackRock's
Tranchess (CHESS): The Future of Decentralized Finance
Why Tranchess is a Must-Have for Your Crypto Portfolio
In the vast ocean of cryptocurrencies, there are hidden gems waiting to be discovered. One such gem is Tranchess (CHESS), a modest token with the potential to revolutionize the way we interact with digital assets. With its unique features and a growing community, Tranchess is poised for a massive bull run.
What Makes Tranchess So Special?
Tranchess offers a host of benefits that make it a compelling investment. Here are just a few:
Decentralized Structured Products: Tranchess provides a decentralized platform for creating and trading structured financial products like bonds, options, and derivatives.
Enhanced Yield: Tranchess enables users to earn higher yields on their crypto assets compared to traditional savings accounts.
Risk Management: Tranchess offers a variety of risk management tools to help investors protect their capital.
Why is Now the Time to Invest in Tranchess?
The crypto market is on the brink of a major bull run, and Tranchess is perfectly positioned to capitalize on this momentum. With its growing community, increasing adoption, and a strong development team, Tranchess has all the ingredients for a massive price surge.
Don't Miss Out on This Opportunity
If you're looking for a cryptocurrency with the potential to deliver massive returns, Tranchess is a must-consider. With its unique features, strong fundamentals, and the upcoming bull run, Tranchess is poised to become a major player in the crypto space.
So, what are you waiting for? Invest in Tranchess today and start building your wealth!
#Tranchess #CHESS #CHESS/USDT #chessusdt #TrendingTopic $CHESS @Tranchess @EliteDaily
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The $APE /USDT pair is currently trading at 1.394 USDT on the 15-minute chart, signaling potential volatility ahead. The critical resistance level stands at 1.429 USDT, while strong support is found at 1.383 USDT.
A short entry near the current price of 1.393 USDT is recommended, as the price is testing the support zone. If the price breaks below this level, further downside momentum could be triggered.
The first take-profit (TP1) can be set at 1.389 USDT, followed by TP2 at 1.386 USDT, and TP3 at 1.383 USDT, keeping the targets tight to avoid excessive risk.
A stop loss (SL) should be placed slightly above resistance at 1.430 USDT to manage potential upward reversals.
#Therapydogcoin #ScrollOnBinance #UptoberBTC70K? #XRPDonationsUSElections #APESurge
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🚀 Exciting news for crypto enthusiasts! The Stacks Foundation has announced that Asymmetric Research, a renowned security firm, has joined its ecosystem to bolster the security of its Bitcoin Layer 2 solution.
🔐 Asymmetric will focus on auditing sBTC, a new asset pegged 1:1 with Bitcoin, enabling decentralized financial applications on the Bitcoin network.
With extensive experience in securing projects like Solana and Cosmos, Asymmetric's involvement strengthens Stacks' security, involving over 30 institutional node operators.
What are your thoughts on this development? Share in the comments! 💬
🚀 **Elmnts Launches Public Beta on Solana!** 🚀
- Elmnts, a tokenized investments platform, has launched its public beta on Solana (SOL).
- Accredited investors can now access blockchain-based investment funds backed by mineral rights royalties.
- This allows for portfolio diversification with exposure to oil, gas, and other natural resources.
- Passive income tied to tangible resources is a key feature.
- Elmnts joins Solana’s expanding ecosystem, alongside Credix and Ondo Finance.
- Solana boasts 100M active addresses, per a16z Crypto report.
💬 What do you think about tokenized investments? Share your thoughts below!