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Elon Musk’s DOGE signal: Dogecoin bull may be near. Elon Musk surprised everyone by sharing a post coded as “#DOGE ” based on the US presidential elections. Elon Musk may come up with the idea of representing himself as the head of a new government agency if former US President Donald Trump is elected president in the November 2024 elections. As expected, Musk shared the idea on the X social media platform using an ambiguous expression referring to cryptocurrency and politics. The post featured an AI-generated image of Musk sitting behind a desktop sign with the letters “$DOGE ” on it. The image was accompanied by the text “Department of Government Efficiency.” Dogecoin reached a 24-hour peak in the hours following Musk’s post. However, as of the writing of the news, it has remained below the peaks of previous weeks for the last seven days. Trump recently promised to establish a government efficiency commission. Musk retweeted the video of Trump’s remarks with his own commentary, saying “this is needed.” The billionaire tech mogul appeared to have promised to contribute to the political committee, but refrained from saying he would accept an official government position. It is currently unclear whether #Musk is seriously considering a government position. The US presidential election in November will be very important for cryptocurrencies. Donald Trump’s positive outlook on the sector could trigger a new bull run.

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Ethereum (ETH) critical data: All eyes on altcoins! ETH liquidity on US exchanges has fallen by as much as 40 percent since spot $ETH ETFs began trading. Ether liquidity has fallen by 20 percent in US markets since the launch of nine ETFs in July. The drop in liquidity raises concerns and, more importantly, indicates greater sensitivity to large orders. With shallow market depth, it follows that even small transactions can cause large price changes. Jacob Joseph, a research analyst at CCData, said liquidity is still better than at the beginning of the year, but has fallen by almost 45 percent since its peak in June. This is mainly due to weak market conditions and seasonal effects, as fewer transactions occur in the summer months. Spot #ETH ETFs were expected to increase liquidity, as did Bitcoin ETFs launched earlier this year. However, this did not happen. Ether ETFs have seen cumulative outflows of over $500 million since their launch. This has contributed to an overall decrease in liquidity, making markets even more volatile. The decrease in liquidity is actually a challenge for both investors and traders. In low liquidity situations, slippage (the opening of the price range for buying and selling) is much higher. The big problem is that institutional investors want their markets to be stable and have good liquidity. If the number of transactions from these big players decreases, a vicious cycle of even lower liquidity and prices can begin. For now, #ETH is trading at around $2,258, down more than 4% in the last 24 hours.

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Analysts' BTC price prediction: If Trump is elected, the rally will begin! Bernstein analysts have made a Bitcoin price prediction based on who wins the US presidential election. According to analysts at research and brokerage firm Bernstein, the US presidential election could determine Bitcoin's fate. If Republican candidate Donald Trump wins, analysts expect Bitcoin to reach new highs and approach the $80,000 to $90,000 range by the end of the 4th quarter. If current Vice President Kamala Harris is elected, they predict that $BTC will break the $50,000 support and return to the $30,000-$40,000 range where the spot #ETF agenda began. Bernstein had previously set a Bitcoin price target of $200,000 for BTC by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033. Bernstein analysts have made a Bitcoin price prediction based on who wins the US presidential election. According to analysts at research and brokerage firm Bernstein, the US presidential election could determine Bitcoin’s fate. If Republican candidate Donald Trump wins, analysts expect Bitcoin to reach new highs and approach the $80,000 to $90,000 range by the end of the 4th quarter. If incumbent Vice President Kamala Harris is elected, they predict that #BTC will break the $50,000 support and return to the $30,000-$40,000 range where the spot ETF agenda began. Bernstein had previously set a price target of $200,000 for BTC by the end of 2025, $500,000 by the end of 2029, and $1 million by the end of 2033. Analysts said the crypto industry is much closer to Trump. Trump seems hellbent on making the US the #Bitcoin and crypto capital of the world. The former US president often mentions these topics in his speeches. He also touches on policies such as making the US a Bitcoin mining hub, appointing a crypto-friendly SEC chair, and creating a national strategic BTC reserve. In contrast, Harris has not touched on crypto in any of her speeches or policy statements.

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“Solana (SOL) investors should be ready to rally” Solana (SOL) is preparing for an upward rally with its bullish price action and strong on-chain metrics. “SOL’s Relative Strength Index (RSI) has formed a bullish divergence indicating a potential trend reversal,” said AMBCrypto. “Based on past price momentum, there is a high probability that Solana’s price will rise by 25% to $160.” Despite a significant decline in the past few days, SOL has managed to hold on to the $125 support. SOL, which has entered a consolidation phase in this price area, has formed a bullish expectation. According to on-chain metrics, if SOL reaches $131, $25 million worth of short (bearish) positions will be liquidated. According to AMBCrypto, SOL has shown an upward trend. The RSI measurement indicates a potential reversal from a downtrend to an uptrend. This trend reversal managed to keep the SOL price at $125. “This indicator appears when a potential bottom is found,” the analysis platform said, continuing: “Based on historical price momentum, when SOL reaches the current support level, it tends to experience a large price increase. This time, with the bullish price action, there is a possibility that the #SOL price will increase by 25 percent to $160.” The analysis examining CoinGlass’ SOL short/long chart indicated that market sentiment has increased. According to the data, $SOL investors are more optimistic. The #SOL Open Interest data, which has been steadily increasing for three days, has increased by 24 percent in the last 24 hours. “The data in question indicates a potential buying opportunity,” said AMBCrypto, adding: “Looking at this data, it seems that the bulls are currently dominant and the potential to liquidate short positions is high.” CoinGlass reported that short positions have accumulated between $125 and $131. A potential rise of SOL to $131 would liquidate approximately $25 million worth of short positions.

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Bitcoin could catch fire: The new generation's choice will be important! Famous book author and financial advisor Suze Orman stated that the new generation will play a significant role in the price of Bitcoin. Financial advisor Suze Orman, book author and host of the Women & Money podcast, explained why everyone should own Bitcoin and how the next generation of investors can determine the future of the cryptocurrency. Orman's comments came during a recent interview with CNBC. Her episode, called The Suze Orman Show, ran from 2002 to 2016 and was among the network's highest-rated finance-focused programs. In her interview, Orman went against the trend set by her contemporaries in the financial advisory sector and suggested that everyone invest in #Bitcoin . The famous author expressed her thoughts as follows: "As young people earn more money and mature, BTC will be one of their preferred investments, and this will cause the price to rise." Orman stated, "I don't think $BTC will ever be a currency or a store of value." "The younger generation has a fascination with Bitcoin. “The $BTC price could easily catch fire because people are so interested,” he added. These words of the financial advisor naturally excited the new generation. Considering that the crypto sector is still in its infancy, young people will indeed play a critical role in this area. Especially the fact that it will be the first choice as an investment tool can quickly push the #BTC price to higher levels.

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Hedera Proposes HIP-850 to Enhance NFT Supply Key Functionality

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