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Dogecoin leads meme coin rebound after investor optimism A day after Elon Musk's article, Dogecoin has been a top trending cryptocurrency. DOGE may retake a significant support level, which might have two results. If DOGE breaks $0.110, it might rally heavily. Doge (DOGE) is leading the meme coin sector on a rally, up more than 8% on Monday. The top meme currency might surge massively if it completes a crucial move inside a collapsing wedge. DOGE trends after Musk's post Santiment data shows Dogecoin as a top crypto market trending token in the previous 24 hours. Elon Musk's article on DOGE, the Department of Government Efficiency, boosted DOGE's social media presence. Dogecoin users linked Musk's tweet to the parody currency DOGE. Musk's comments appeared to buoy DOGE, which pushed the meme coin sector to an 8% surge in 24 hours. DOGE moved into a big accumulation zone where investors bought almost 60 billion tokens. A climb over this crucial zone might provide considerable support for DOGE. DOGE might surge massively if it breaks crucial resistance. Monday's Dogecoin price is $0.103, up 8%. DOGE has had $2.45 million in liquidations in 24 hours, $175,450 of which were long and $2.27 million short. DOGE is in a 12-hour falling wedge. This pattern of even lower tops and bottoms shows bears are losing steam and buyers are entering the market. As the top meme currency rallies, $0.111 price resistance is important. DOGE may climb toward $0.142 if it breaks this level without a pullback. DOGE might challenge six-month resistance at $0.175 if it breaks this level. DOGE's open interest is important for rallying. Open interest in a derivatives market is the number of unfilled long and short contracts. To maintain purchasing momentum, DOGE's OI must expand from $480 million. The RSI is above its midline at 59, suggesting bullish momentum. The Stochastic Oscillator is oversold, predicting a temporary price correction. #DOGE #CPI_BTC_Watch #BNBChainMemecoins $DOGE

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Crypto community prepares for presidential debate, interest grows Crypto community members are excited about the presidential election, with Polymarket odds favoring Trump. CNBC said that analysts expect Bitcoin's price to soar if Trump wins. Trump tokens rose after Tuesday's presidential debate excitement. Trump led polymarket odds on Monday, reflecting increased expectation for the November US presidential election. Bernstein experts anticipate that this year's election may determine the US crypto industry's destiny. Presidential election excites crypto community Crypto community members are interested in Donald Trump's November presidential election triumph, according to Polymarket statistics. Trump has a 6% edge against Kamala Harris in the prediction market. Following allegations of a supposed anti-crypto Harris government, Donald Trump has led Polymarket for over two weeks. Today, Kamala Harris revealed her policy plan, "A new way forward." The Harris platform pledges to foster American leadership in several technologies, but not crypto. Taxes and rate reduction were priorities. PolitiFi meme coins featuring both presidential candidates changed prices after the publication. KAMA fell almost 3% while STRUMP rose 17%. Crypto community members await Tuesday's presidential debate, which may determine November's election result. Some members think the discussion may boost Bitcoin and the crypto market if Trump wins. Bernstein analysts also forecasted Bitcoin price movements with alternative election results. CNBC experts say a Trump victory may boost Bitcoin's price by $80K-90K. Harris' triumph might drop BTC to $40K-30K. The crypto business has contacted both parties, but experts say Trump and his campaign look more likely to promote crypto if elected. The GOP has been increasingly crypto-friendly throughout the election. Democrats still lack crypto community trust. #Trump #Harris #CPI_BTC_Watch #CryptoMarketMoves

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Michael Saylor Predicts Bitcoin Will Reach $13 Million, Date In an exclusive interview with CNBC on Monday, MicroStrategy co-founder and Executive Chairman Michael Saylor repeated his optimistic opinion of Bitcoin. Saylor predicts Bitcoin price Saylor, known for guiding his firm toward large BTC purchases to capitalize on its development, predicted a staggering Bitcoin worth. Saylor predicted Bitcoin will reach $13 million per coin. Saylor said in the interview that Bitcoin comprises 0.1% of global money and expects it to rise to 7%. This momentous change might push Bitcoin to $13 million by 2045, he said. Saylor provided a four-year BTC market assessment to explain the cryptocurrency's rise. Saylor argued that Bitcoin outperformed established financial indexes with an average yearly growth rate of 44%, tapering to 40%, 35%, and 30% in the future. Saylor expects BTC to exceed the S&P by 8% and overtake the market value of the top 500 US publicly listed firms, highlighting its potential to disrupt global financial markets. Saylor also noted the cryptocurrency's unique promise as a counterparty-free asset throughout the conversation. Saylor said that Bitcoin is a safe haven for risk-averse investors, highlighting the need for security and stability. Market Trend and Support A research by crypto expert Doctor Profit examined the BTC market and predicted future price changes. The article asks: will the market continue to fall or break out? In 2022, Bitcoin stayed above $16,000, defying projections of a decline below $10,000. Doctor Profit warns against waiting for a lower price point. Doctor Profit's research focuses on the 50-day exponential moving average (EMA), which is 2% below the market price of $55,400, suggesting traders might profit from a cryptocurrency rebound. The expert also notes a second support level 10% below the current price around $48,000, which might prevent additional drops, as it did during the August 5 collapse that sent BTC below $49,000. #Saylor #CPI_BTC_Watch #CryptoMarketMoves $BTC

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Bitcoin Hashrate Hits ATH Despite Bearish Price: Miners Betting on Rally? On-chain data reveals that the Bitcoin Mining Hashrate has reached a new ATH despite the asset's downward trend. Recent Increase in 7-Day Bitcoin Mining Hashrate The “Mining Hashrate” measures the overall computational power of all miners linked to the Bitcoin network. BTC employs a Proof-of-Work (PoW) consensus process, where validators compete to solve mathematical problems to add the next block to the chain, hence miners require this computer power. The hashrate might indicate how miners see the coin. The measure may be rising because validators are finding the asset appealing, attracting new miners and expanding their facilities. A drop suggests some miners have left the network, maybe because BTC mining is no longer economical. This chart displays the 7-day average Bitcoin Mining Hashrate during the previous year-long trend: As seen in the graph above, the 7-day average Bitcoin Mining Hashrate established a record around the end of July. The indicator dropped rapidly after this peak and didn't recover until the second part of August. The indicator retraced to the lows at the conclusion of the month after a prolonged recovery. Why these patterns occurred may be explained by BTC price movement. Block subsidies from solving network blocks are Bitcoin miners' main source of revenue. The chain's rewards are set in BTC value and paid at a specified period. Thus, their only variable is the cryptocurrency's USD value. Thus, miners' income grows with prices. The late July Hashrate high happened as BTC soared near $70,000, whereas the subsequent dip occurred when the price sharply declined. The 7-day average Bitcoin Mining Hashrate has been climbing since September, even if the price has been falling. This shows that the miners are daring and have extended their facilities in preparation of a rally. The Hashrate had previously displayed a similar pattern earlier in the year, leading to BTC's rise to the ATH. #CPI_BTC_Watch #BTC #PowellAtJacksonHole #CryptoMarketMoves

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Act Fast! 3 Altcoins to Buy While You Still Have the Chance nuco.cloud (NCDT): Their solutions to revolutionize how we source, access and monetize computing power. Shiba Inu (SHIB): Despite the surge in burn rate, SHIB’s inherent volatility and massive double-digit drop in value in the past month make it a risky bet for long-term investors. Axie Infinity (AXS): Once a leader in blockchain gaming, Axie Infinity faces declining sector interest and significant value losses. nuco.cloud (NCDT) nuco.cloud: Pioneering the Future of Decentralized Computing nuco.cloud is the world's first decentralized mesh hyperscaler, and it was developed on the Ethereum network. It is transforming the way computing power is supplied, accessed, and sold. When it comes to sharing and using computer resources, nuco.cloud provides a platform that is both safe and frictionless, thanks to the use of blockchain technology. SKYNET, PRO, and GO are the three distinct elements that set this platform apart from others. With all of these capabilities together, nuco.cloud is a solution that is both adaptable and inventive. It makes high-performance computing more accessible to more people while simultaneously creating a digital economy that is more inclusive. Shiba Inu (SHIB) Shiba Inu is among the most popular meme coins and has garnered a considerable online following. However, despite its popularity, it remains a remarkably speculative bet, more likely to burn investor value than not. Axie Infinity (AXS) Axie Infinity was once considered a giant in blockchain gaming. Its multi-faceted metaverse allowed players to engage with over 500 NFT-based creatures. #nucocloud #SHIB #AXS #BNBChainMemecoins #CPI_BTC_Watch

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Ultime notizie

US 10-Year Treasury Yield Falls to Lowest Level Since June 2023

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Solo Miner Wins $181,000 Bitcoin Block Reward

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TZero Group Joins Prometheum As Special Purpose Crypto Broker Dealer

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Ethernity Launches $10 Million Grant Program To Revolutionize Entertainment And Creator Economy

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Paypal And Venmo Integrate Ethereum Name Service For Crypto Transactions

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