In October, the meme token sector became the growth leader again. Yes, there were results in other sectors, but the main profitability in the current market is brought by meme tokens, as well as the main loss of deposits. Here it is a matter of luck🤔
• MEME — month closed with ~20% yield
• L1 — month closed with a yield of ~10%
• DEF I - month closed with a yield of <10%
• L2 and GAMING - month closed with ~0% yield
• AI — the AI token sector lost the most, closing the month with a loss of ~10%.
#USElections2024Countdown #TetherAEDLaunch #BTCMiningRevenue #NovemberMarketAnalysis #NovemberMarketAnalysis
📈 $SNT /USDT is currently trading at $0.02438, showing a 9.13% increase in the last 24 hours. The 24-hour high is at $0.02650 with a trading volume of 161.61M SNT, while the low is at $0.02168 with a volume of 3.98M USDT.
🔍 Technical Analysis: Bollinger Bands (20, 2) indicate an upper band of $0.02437, a middle band of $0.02302, and a lower band of $0.02166. The price is currently above the middle band, suggesting a bullish trend.
📊 Trading Signal: Based on the technical analysis, SNT/USDT is showing potential for further upward movement. Traders may consider buying with a target price of $0.02650 and a stop-loss at $0.02321.
{spot}(SNTUSDT)
Bitcoin is gearing up for a wild ride as the US Presidential Election looms, with its eyes set on the elusive $69,000 mark. Traders are bracing for a "sell the news" scenario post-election, while the Federal Reserve's interest rate decision adds another twist to the plot.
Bitcoin's market dominance is flexing its muscles, hitting levels not seen since 2021, while network fundamentals are breaking records.
With liquidity levels dancing between $66K and $73K, traders are on high alert for rapid moves. Will Bitcoin hit new highs or take a breather? Stay tuned for the crypto rollercoaster! 🚀
Bitcoin is gearing up for a volatile week as the US Presidential Election looms, with its price battling to reclaim $69,000. Traders are on edge, anticipating a "sell the news" event post-election. Adding to the uncertainty, the Federal Reserve's interest rate decision is set for two days later, potentially stirring more market fluctuations. Bitcoin's market cap dominance is at its highest in over three years, signaling a strong position against altcoins. Meanwhile, Bitcoin's network fundamentals, including mining difficulty and hashrate, are set to reach new all-time highs, underscoring its robust infrastructure.
Ethereum Test of Local Support Hangs near $2,400
The Ethereum price action shows a bearish turnaround from the 100-day EMA with a 5.39% fall last Thursday. This results in an evening sharp pattern and breaks below the 50-day EMA.
The current retest of the local support trend occurs near $2,461. This is putting additional pressure over the $2,400 critical support. However, the bullish divergence in the daily RSI line increases the possibility of a rebound rally.
With the 100-day acting as the dynamic resistance, the bullish attempt to reach the $2,729 resistance level could find an in-between surge in supply. Currently, the 100-day EMA stands at $2,645, making it an area of high supply.
If the BTC price manages to reclaim the $70,000 mark, the recovery run in Ethereum is likely to challenge the $2,729 near the 200-day EMA. In case of a bullish breakout, the 50% Fibonacci level at the $3,100 mark is a potential price target.
By the end of November, a recovery run could reach the $3,500 mark. On the flip side, if Ethereum breaks below the $2,400 mark, Ethereum could reach for $2,235. $ETH
{spot}(ETHUSDT)
🔍 Proof BlackRock is Linked with Ripple? Recent Developments Unveiled! 🤔
The speculation around BlackRock's potential involvement with Ripple has intensified, but recent news clarifies their current stance. Despite being a major player in the investment world, BlackRock is reportedly stepping back from launching an XRP ETF due to the ongoing legal uncertainties surrounding Ripple's battle with the SECNasdaqCrypto News Flash.
Ripple CEO Brad Garlinghouse has criticized the SEC’s approach, particularly targeting Chair Gary Gensler, and underlining the challenges faced by the cryptocurrency industry amid regulatory scrutinyCrypto News Flash. While there may be interest in XRP from institutional investors, the current regulatory landscape remains a significant barrierNasdaq.
With XRP trading under regulatory clouds, market participants are urged to stay informed about ongoing developments. As the situation evolves, the dynamics between major financial institutions like BlackRock and Ripple could significantly impact the crypto market.
For more insights, check out articles from Crypto News Flash and Nasdaq.
#Ripple #BlackRock #XRP #CryptoNews #Binance
🚨💥 LONG TRADE ALERT: $SNT /USDT – POTENTIAL UPSIDE INCOMING! 💥🚨
The $SNT /USDT pair has shown a strong upward momentum, breaking out from recent lows and signaling a possible continuation of this surge. With current bullish sentiment, let’s look at the key levels for this long trade opportunity.
Entry Point: 0.02450
💡 Targets:
• 🎯 Target 1: 0.02580
• 🎯 Target 2: 0.02650
• 🎯 Target 3: 0.02720
📉 Stop Loss: 0.02340
Analysis: $SNT /USDT has gained over 9% in the last 4 hours, a clear sign of bullish strength. If momentum holds, we could see the price hitting our targets, providing a solid gain for traders entering now. However, keep a close eye on the support level for any potential reversal.
{spot}(SNTUSDT)
#29thBNBBurn #BTCMiningRevenue #TetherAEDLaunch #USElections2024Countdown #16thBTCWhitePaperAnniv
Bitcoin (BTC) Rejects Price Below $68k
Following a bullish failure to surpass the $73,600 resistance level last week, the BTC price took a re-test of the $68,000 level. The BTC price is now below the 78.60% Fibonacci level and is currently trading at $68,607.
With a doji candle information, the possibility of a Morningstar reversal is shaping up. However, amid the rising uncertainties due to the U.S. presidential election, a potential re-test of the 67.80% Fibonacci level at $66,167 is possible.
While the daily RSI line shows no significant divergence, the 50-day EMA is rising towards the 67.80% Fibonacci level to provide dynamic support. Hence, despite the downside risk, the Bitcoin technical indicators project a high possibility of a bullish post-retest reversal. $BTC
{spot}(BTCUSDT)
$USTC
1. Growth of Margin Debt (USTC):
24h: The growth has been significant, indicating a strong bullish sentiment in the market. The increase of 50.24% suggests that traders are actively leveraging their positions to potentially capitalize on further price appreciation.
30d: This metric shows a more moderate increase of 20.08% over the past month. While it still indicates a bullish trend, the pace of growth has slowed down compared to the 24-hour period.
2. Margin Long-Short Positions Ratio (USTC):
24h: The ratio has fluctuated but has remained relatively high, suggesting a higher proportion of long positions compared to short positions. This further supports the bullish sentiment in the market.
30d: The ratio has been steadily increasing over the past month, indicating a growing confidence among traders in the upward price movement of USTC.
3. Isolated Margin Borrow Amount Ratio:
24h: This ratio has decreased slightly, which could indicate a reduction in leverage used by traders. However, it's important to note that the overall level remains relatively high, suggesting that traders are still actively utilizing margin to increase their exposure to USTC.
30d: The ratio has been declining over the past month, suggesting a potential decrease in leverage usage. This could be a sign of traders becoming more cautious or a shift towards less leveraged trading strategies.
Overall Trend:
The charts generally point to a bullish trend for USTC. The significant increase in margin debt and the high long-short positions ratio indicate strong buying pressure and a positive market sentiment. However, the recent decline in the isolated margin borrow amount ratio suggests a potential decrease in leverage usage, which could moderate the upward momentum.
Disclaimer: This analysis is based solely on the information provided on the charts and does not constitute financial advice. It is crucial to conduct thorough research and consider consulting with a financial advisor before making any investment decisions
🚀 Brad Garlinghouse: Ripple Bull Run Confirmed! XRP Price Prediction 🔮
Ripple CEO Brad Garlinghouse is fueling excitement in the crypto community as he predicts a bullish trend for XRP. With the recent approval of Bitcoin and Ethereum ETFs, Garlinghouse believes that XRP ETFs are "inevitable," which could significantly impact the marketCoinGape.
Garlinghouse's confidence stems from Ripple's favorable outcomes in its ongoing legal battles with the SEC, particularly the ruling that XRP is not considered a security in secondary markets. This clarity could lead to increased institutional investment and price appreciation for XRP, currently holding around $0.54 to $0.58.
Analysts are watching key support levels closely, and a bullish breakout could see XRP soaring beyond its current price. The market is poised for potential growth, and Garlinghouse's insights indicate a promising future for XRP as regulatory environments continue to evolve.
Stay tuned for more updates as we monitor the developments around Ripple and XRP!
#XRP #Ripple #BradGarlinghouse #CryptoNews #Binance
The $SNT /USDT 15-minute chart reveals an impressive upward push, with the current price sitting around 0.02519.
This surge reflects strong buying interest, with immediate resistance anticipated at 0.02553. Breaking above this resistance could lead to further gains in the short term.
A potential entry point around 0.02520 could provide a good position to capitalize on this bullish momentum. Set target levels close to each other for gradual profit-taking, with TP1 at 0.02535, TP2 at 0.02545, and TP3 at 0.02553.
For risk management, a stop loss around 0.02450 would help protect against any sudden reversal in trend, ensuring a cautious approach while riding the ongoing momentum.
#Therapydogcoin #USElections2024Countdown #TetherAEDLaunch #USEquitiesRebound
{spot}(SNTUSDT)
Once upon a time in 2010, a guy named Laszlo Hanyecz was feeling peckish. Like any regular person, he wanted pizza. But instead of using regular old cash, he thought, “Why not pay with this new thing called Bitcoin?” He posted an offer on a Bitcoin forum: 10,000 Bitcoins for two large pizzas.
To everyone’s surprise, someone took him up on it. Laszlo received two pizzas worth about $25, and he happily munched away, probably thinking he got a great deal.
Fast forward a few years, and those 10,000 Bitcoins? Worth millions of dollars. Today, they’d be worth hundreds of millions. And poor Laszlo became a legend in the crypto world as “the guy who ate the most expensive pizzas in history.” Now every year, Bitcoin enthusiasts celebrate “Bitcoin Pizza Day,” both to honor Laszlo and to remind themselves to maybe hold onto their Bitcoin just a little longer!
#ScrollOnBinance #CryptoAMA #GrayscaleXRPTrust #16thBTCWhitePaperAnniv #USPCEExceeds
🔍 Zero Knowledge Proof & Zcash: Why Isn't ZEC Performing? 🤔
Zcash ($ZEC ) has long been a pioneer in using zero-knowledge proofs (zk-SNARKs) to enable private transactions, setting it apart in the crypto landscape. However, despite its advanced technology, Zcash's performance has been underwhelming. Here are some key factors to consider:
Intense Competition: The privacy coin market is highly competitive, with strong alternatives like Monero and emerging projects using zk-STARKs. These competitors may draw investor interest away from ZcashZ.CashHacker Noon.
Regulatory Scrutiny: Privacy coins often face regulatory challenges, which can lead to delistings from exchanges and a reduction in trading volumeHacker Noon. This scrutiny can significantly affect investor confidence and price performance.
Market Awareness: Zcash struggles with mainstream recognition. Increased awareness and adoption are crucial for any cryptocurrency's market performance, and Zcash has not gained the traction that some of its competitors haveHacker Noon.
Technological Developments: While Zcash continues to innovate, such as implementing the Orchard protocol, the impact of these developments can take time to be reflected in market performanceZ.CashHacker Noon.
In conclusion, while Zcash leverages cutting-edge technology, its market performance is influenced by competitive pressures, regulatory environments, and overall market visibility. For more insights on Zcash and zero-knowledge proof technology, check out HackerNoon and Cointelegraph.
#Zcash #ZEC #ZeroKnowledgeProof #CryptoAnalysis #Binance
🚀 Kraken dives into the Aussie market with a new licensed brokerage service, targeting wholesale clients. This move lets institutional investors trade crypto-based derivatives without owning the assets. Available since Nov. 3, the service offers multi-collateral support, risk management tools, and more. But beware, Kraken warns that losses can exceed initial investments. 🧐
Kraken's expansion aligns with local regulations, as Australia remains a key player in their global operations. Meanwhile, Kraken plans to launch its own blockchain, "Ink," in 2025, aiming to simplify DeFi.
🚀 Exciting times in the crypto world! Justin Sun, founder of TRON, has raised eyebrows by accusing Coinbase of demanding a whopping 500 million TRX tokens (around $80M) for a listing. This comes after Coinbase CEO Brian Armstrong insisted they don't charge listing fees. 🤔
Adding fuel to the fire, Andre Cronje and Simon Dedic shared similar experiences, suggesting high costs for listing on major exchanges like Coinbase and Binance. Despite the drama, Binance co-founder Yi He defends their practices, emphasizing quality over cash. As the debate unfolds, the crypto community watches closely!
**Kraken Expands in Australia with New Crypto Derivatives Service**
Kraken, a major cryptocurrency exchange, has launched a licensed brokerage service in Australia, targeting wholesale clients. This new offering allows institutional and large-scale investors to trade crypto-based derivatives, which are financial products linked to cryptocurrency prices without needing direct ownership of the assets.
Available since November 3, the service can be accessed through the Kraken Pro app. It offers features like collateral flexibility and risk management tools. Kraken emphasizes the high risks involved, noting that losses can exceed initial investments.
This move aligns Kraken with local regulations, preparing for potential institutional liquidity inflows.