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Will the decline in the Floki (FLOKI) price end? The decline in the leading crypto Bitcoin ($BTC ) accelerated the outflow of money from memecoins. Memecoins, which had achieved sharp increases throughout October, lost blood as the outlook for BTC turned negative. FLOKI, which is closely followed by crypto investors, fell by nearly 20 percent in November. AMBCrypto stated that FLOKI has entered a potential accumulation phase and that the downtrend may soon end. In its graphic analysis, AMBCrypto placed a Fibonacci between the highs of July and the lows of August. The indicator in question highlighted the $ 0.00012 level as a short-term support point. “If signs of recovery are seen in Bitcoin after the US elections, FLOKI's $ 0.00012 support may work successfully. This support point could help stop the price decline. AMBCrypto predicted that FLOKI could fall to $0.000069 if the market decline continues after the elections. The indicated support point stands out as the lowest level of August. In the analysis, it was stated that on-chain measurements indicate an accumulation phase. $FLOKI may gain upward momentum with the market sentiment turning positive and the successful conclusion of the accumulation phase. In the graphical analysis, $0.00014 and $0.000153 levels were shown as important resistance points. If $FLOKI overcomes the resistance points, it may touch $0.00016 in a short time. According to CoinGecko data, FLOKI recorded a trading volume of $201 million in the last 24 hours. The popular memecoin is trading at $0.0001229. #CryptoDeNostradame #ParrotBambooCrypto
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Solana network bullish: Active addresses hit record. Solana reached its highest monthly user count in history in October, with over 123 million active addresses. According to The Block’s data, the number of addresses on Solana increased by over 42 percent compared to September. In January of this year, Solana had under 12.7 million active addresses. Analysts say this recent surge in activity on Solana is due to the increasing popularity of memecoins, which has recently been fueled by the memecoin creation platform Pump.fun. At the same time, a16z’s State of Crypto report released in October shows that Solana has over 100 million monthly active addresses, surpassing the approximately 57 million addresses on Ethereum and other EVM chains. The data suggests that Solana is experiencing a significant increase in user engagement. Pump.fun generated over $30.5 million in revenue in October, while Raydium saw over $30 billion in transaction volume in the same month. These platforms are at the center of activity on Solana, according to DefiLlama data. “Pump.fun saw record tokenization in October, while Raydium saw its highest monthly volume in the same month,” said Eden Au, The Block’s Director of Research. Solana’s future and user interest “Solana has a wide range of applications and infrastructures, from DeFi to DePIN, and it looks set to continue to exist despite the rise of blockchains competing for liquidity and user activity,” Au said. Justin D’Anethan, Head of Business Development at Keyrock APAC, said Solana is considered an alternative to Bitcoin and Ethereum, with speed and cost efficiency at the forefront. “While Ethereum and Layer-2 solutions remain important to the broader DeFi ecosystem, Solana’s low-fee, high-performance network is attracting users who need fast and cost-effective transactions,” he said. $BTC $SOL #CryptoDeNostradame #ParrotBambooCrypto
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They knew $70,000: Bernstein's new prediction for Bitcoin! Bernstein, who predicted that Bitcoin would reach $70,000 in February, made a price prediction for the US elections. Research and brokerage firm Bernstein evaluated how the crypto market would shape after the US elections. Bernstein analysts predicted that the Bitcoin (BTC) price could reach $200,000 by the end of 2025. Analysts stated that BTC would gain short-term volatility as a result of the US elections. Bernstein analysts predicted that BTC would reach $70,000 in February. After the analysis in question, the BTC price exceeded $70,000 twice. Bernstein, who has been appreciated for his successful analyses, touched on the effects of Kamala Harris and Donald Trump on the crypto market. Bernstein: Bitcoin will be $200,000 Bernstein stated that if Harris wins the election, the Bitcoin (BTC) price could drop to $50,000. Analysts predicted that Trump's election victory would price $BTC between $80,000 and $90,000. According to Bernstein, Republican candidate Trump is seen as a crypto-friendly figure. On the other hand, Harris stands out as a candidate who can continue the Democrats' tough stance on the crypto market. Bernstein claimed that Harris would not have as bad a result as expected. According to analysts, although Harris' victory will cause a short-term decline in the crypto market, the bull run will continue in the long term. Analysts state that the most important factors triggering the price increase of BTC in the long term are the amount of debt that has reached record levels in the US and monetary expansion policies. The positive trend of spot Bitcoin ETFs traded in the US also supports BTC's upward trend. The report published by Bernstein included the following statements; “The Bitcoin genie is now out of the bottle and it is difficult to reverse this trend. “Regardless of the election results, our Bitcoin price target for the end of 2025 is $200,000.” #CryptoDeNostradame #ParrotBambooCrypto
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Famous analyst comments on Ripple (XRP): “It will reach $225!” Crypto analyst Amonyx stated that Ripple’s (XRP) chart is “ready to explode.” The crypto market had a slow start to November. Bitcoin and XRP tested support levels by falling 3.5 percent in a short time. XRP, which ranks 7th by market value, declined by 1.42 percent, 5.08 percent and 17.51 percent in weekly, monthly and annual time frames, respectively. Crypto expert Amonyx reassured his followers with his latest analysis. The analyst detected a bullish pattern in the XRP chart and stated that the popular altcoin is ready to explode. On November 2, Amonyx increased expectations for XRP with a post on X (formerly Twitter). Amony pointed out a symmetrical triangle formation in the 1-month time frame chart he shared. The crypto expert stated that $XRP will reach a new all-time high (ATH) with the formation. The analyst's chart shows an ambitious price target of $ 225.9. This means an incredible increase of 44,694 percent from XRP's current price. As you may recall, $XRP experienced a 60,000 percent increase from 2017 to 2018 and reached ATH ($ 3.31). The popular altcoin peaked when it broke out of a symmetrical triangle formation. Amonyx took its targets to even higher levels with the formation of the same formation. Although Amonyx's price target of $ 225.9 seems extreme, Ripple is still far below its fair market value. For example, capital firm Valhil Capital reported that XRP, which is ranked 7th by market value, should be $ 3,541 according to ecological systems and dynamic adoption criteria. #CryptoDeNostradame #ParrotBambooCrypto
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US elections and the Fed: How will Bitcoin react? Bitcoin (BTC) had a volatile start to the US election week. Analysts are expressing their views that the election results could create major movements in the crypto market. Speculations are increasing that Bitcoin could reach six-figure levels by the end of 2024. BTC, which approached an all-time high last week, fell to $67,000 with the sell-off that continued throughout the weekend. The decline in BTC was attributed to Kamala Harris's lead over Donald Trump in the polls. On-chain analysis platform Spot On Chain reported that the pullback in $BTC was a correction and that the price will continue to rise in the near future. The US presidential election and the Federal Open Market Committee (FOMC) meeting falling in the same week could lead Bitcoin (BTC) to enter one of its most volatile periods ever. According to Spot On Chain's market analysis based on historical data, significant increases were generally seen after the US elections. This trend could push BTC upwards regardless of who is elected president. The analysis emphasized that $100,000 is an achievable target for the BTC price. Crypto analyst Ali Martinez drew attention to the fact that BTC, which was traded below $12 in 2012, increased by 10,640 percent after the elections. Martinez emphasized that a similar scenario occurred after the 2016 elections and BTC increased by 2,698 percent during the period in question. In the last US presidential election held in 2020, the price of BTC increased from $14,000 to $69,000. Analyst Miles Deutscher suggested that the elections could have a serious impact on the market in the short term. The analyst stated that if Trump is elected president, a severe crypto bull could occur, and if Harris wins, the increases will slow down. Nevertheless, the analyst believes that the crypto bull will occur regardless of who is elected president. #CryptoDeNostradame #ParrotBambooCrypto
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