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Bitcoin Finds Stability at Critical Support After Significant Crash
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Bitcoin is approximately $61,000, although Shiba Inu and PEPE have gained Bitcoin stabilizes around $61,000 on Thursday after losing gains. Shiba Inu and PEPE rise Thursday, but Dogecoin lags 7 days later. Shiba Inu, Dogwifhat, and Bonk top dog-themed meme coins in 7-day increases. After dropping 4.5% in the last week, Bitcoin (BTC) stabilizes around $61,000 on Thursday. Shiba Inu (SHIB) and Pepe (PEPE) have held onto their gains, but Dogecoin (DOGE), the top meme currency by market value, has lost 3.2%. SHIB and PEPE maintained their seven-day advances. The Coinglass Crypto Fear & Greed Index reads “fear” Thursday. Bitcoin dropped from Monday's peak over $65,000 to $61,000 now. CoinGecko data shows that dog-themed meme currencies Shiba Inu, Dogwifhat (WIF), and Bonk (BONK) are hanging onto their seven-day gains. Despite Bitcoin's chance of falling to $60,000, Shiba Inu and PEPE have held onto their seven-day gains. On-chain data from IntoTheBlock reveals 49% of SHIB holders have unrealized losses. 73% of Dogecoin holders are profitable, whereas 68% of PEPE holders are. Selling pressure on Dogecoin and PEPE may intensify if holders take gains at the present price. IntoTheBlock data suggests that market participants are indifferent on Dogecoin and PEPE but positive on Shiba Inu. DOGE, SHIB, and PEPE trade at $0.1032, $0.00001597, and $0.00000886, respectively, losing 2% to 4% of their value. #SHIB $SHIB #BTCReboundsAfterFOMC #IranianMissilesPlummetsBTC
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Could ADA Price Rise After Cardano Midnight Testnet Launch? Cardano launched Midnight Testnet. ADA is expected to rise significantly after its mainnet move, according to widespread speculation. Developers may test new features on Midnight Testnet without compromising user privacy. It is anticipated to enhance developer involvement and is a major milestone for Cardano. The 2023 Midnight Protocol aimed to create a safe, stable environment. It is also called a secure Sandbox where developers may test functionality before releasing them. Midnight Protocol prioritizes critical user data while simulating a mainnet launch. Moving to the mainnet might improve ADA's value. Trading at $0.3464, the token is down 3.88% in 24 hours. It dropped 12.19% in the previous week and rose 4.13% in the last month. Midnight Testnet launches following Chang Hard Fork. ADA holders might submit and vote, establishing a more decentralized governance framework. As developer interaction with Midnight Protocol expands, user attitude will change. Higher demand for ADA will boost the native crypto coin's value. This encourages people to buy or add the token. Bullish Cardano forecast for 30 days. It should rise 16.94% to $0.407. In the next five days, the value may drop 6.44%. Making ADA $0.326373. Long-term ADA forecasts are positive. The coin may test $0.5 support. That increase may occur by 2024, the conclusion of the year. If near-term projections are not exceeded, go closer. Trading volume, market conditions, and investor sentiment may affect ADA prices. These enhance the Cardano token's demand-supply mechanism. Investors are optimistic or neutral right now. Markets await additional rate cuts following US presidential election results. Trading volume fell 30.18% at press time. The market cap fell 4.58%. Future focus is on Midnight Protocol's mainnet debut. How well the testnet affects Cardano's environment is unknown. #Cardano #Ada $ADA #IranianMissilesPlummetsBTC
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New Dogecoin Addresses Jump 72% In One Week—Retail Finally Here? The adoption of Dogecoin, particularly by new investors, has been rapid. On X, crypto expert Ali Martinez reported a significant increase in meme coin daily addresses. Dogecoin daily address registrations increased 72% in a week. This signals greater acceptance, which might bring fresh money into meme currency. Jumping 72% in One Week As the crypto market entered October, Dogecoin averaged 11,500 new addresses each day, matching its previous week's rates. As September ended, network activity increased significantly. Monday, September 20, the final day of the month, saw 19,630 new network addresses registered in one day. The Dogecoin price rose as the new daily address increased 72.29%. Dogecoin daily active addresses also increased, along with daily new addresses. The on-chain aggregator IntoTheBlock reported 58,180 daily active addresses, up from 43,860 last week. This increased active addresses by 37.23% in 7 days. However, Dogecoin non-zero addresses increased significantly, which might be negative. Some addresses no longer store DOGE tokens. Therefore, they may have sold all their coins or aggregated them into other wallets. The number of non-zero addresses increased 46.25% in 7 days. What's Driving Dogecoin's Rise? The current market bullishness may explain Dogecoin metrics' rise. October and the fourth quarter have been fantastic for Dogecoin. Thus, DOGE should continue its strong increase this month. Unfortunately, Dogecoin has declined more than 5% to start the month. This suggests that the meme coin's price is rising despite market expectations and may not come true. CryptoRank reports a 7.28% October return for DOGE. Despite this positive average, it is still one of the most bearish months compared to January (91.5%), April (68.2%), and December (26.4%). #DOGE $DOGE #BTCReboundsAfterFOMC
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US election polls: Is Trump or Harris leading?
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