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These altcoins are gaining strength: Early celebration in the US elections. Fwog (FWOG) One of the newest players on the Solana blockchain, Fwog (FWOG) was the fastest-rising altcoin of the day. The frog-themed memecoin, which quickly went viral, rose by 22.2 percent in the last 24 hours. According to CoinGecko data, FWOG recorded a trading volume of $28 million in the last 24 hours. FWOG's market value exceeded $369 million. Mask Network ($MASK ) Socialization and Web3 platform Mask Network (MASK) made a remarkable rise. Aiming to create a decentralized network, MASK increased by 17 percent in the last 24 hours. The project, which claims to be a rival to Facebook, was one of the fastest-rising altcoins of the day. MASK recorded a trading volume of $434 million in the last 24 hours, reaching a market value of $285 million. Nosana (NOS) Nosana (NOS), which focuses on artificial intelligence and GPU hardware, became the third highest-rising altcoin of the day. GPU technology, which gained popularity with Nvidia, contributed to Nosana's prominence. The popular altcoin rose by 15 percent in the last 24 hours. NOS, which has a market value of $ 275 million, recorded a trading volume of $ 6.8 million in the last 24 hours. Dogecoin (DOGE) Dogecoin ($DOGE ), the largest memecoin by market value, rose by 11 percent in the last 24 hours. DOGE, which was included in Elon Musk's statements in the US election campaign, managed to come to the fore on election day. The popular memecoin was at the top of the day. DOGE, which recorded a trading volume of $ 3.65 billion in the last 24 hours, has a market value of $ 24.67 billion. Mog Coin (MOG) One of the most popular memecoins of 2024, Mog Coin (MOG) has climbed to the top by increasing by 11 percent in the last 24 hours. MOG, inspired by the laughing cat emoji, has made a rapid recovery after the recent decline. #CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin transfer from Mt. Gox: $2.2 billion in danger. According to data from blockchain analysis firm Arkham, Mt. Gox transferred approximately 32,371 BTC ($2.19 billion) to wallets on Monday. This large transfer was recorded as the largest movement by Mt. Gox in recent months. The bulk of the $2.19 billion transfer, 30,371 BTC, was sent to the wallet address “1FG2C…Rveoy.” In addition, 2,000 BTC were transferred to Mt. Gox’s cold wallet address “1Jbez…LAPs6.” The 2,000 $BTC in question were then moved to another unmarked wallet address “15gNR…a8Aok.” It is not yet clear whether the transfer made on Monday is part of future distributions to creditors. However, similar movements in the past have occurred before refunds via exchanges such as Bitstamp and Kraken. Crypto investors are worried about Mt. Gox’s latest transfer. The downward trend in the market has made this transfer even more critical. Last month, Mt. Gox announced that it was postponing the repayment date from October 31, 2024 to October 31, 2025. This postponement is of great concern to thousands of creditors who are waiting to get their money back from Mt. Gox. Founded in 2010, Mt. Gox was the world’s largest crypto exchange until it suffered a major security breach in 2014. At least 850,000 BTC was lost as a result of this attack. Thousands of creditors have been waiting for months to get their lost Bitcoin back. It is not yet clear how this process will end. #CryptoDeNostradame #ParrotBambooCrypto
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When will the altcoin bull start? Bitcoin is on a downward trend ahead of the US presidential elections. Although the leading cryptocurrency is approaching its all-time high, it entered a downward trend with Donald Trump losing power. Altcoins that did not accompany the rise in Bitcoin were included in the said downward trend. The declines in altcoins have driven investors to despair. Analysts, who pointed out that historical cycles can repeat themselves, suggested that there may be further declines before a significant recovery in altcoins. According to analysts, the “grand finale” in altcoins will soon begin. ITC Crypto founder Benjamin Cowen touched on altcoins in a post he made on X. Cowen, who said, “The grand finale of the altcoin showdown may have finally arrived,” stated that investors should be careful. Cowen stated that the process in question will end in December 2024 or the second week of January 2025 at the latest. The famous name of the crypto sector commented, “This has been a long journey and many investors have given up along the way, but this process was inevitable.” Cowen, who predicts that sharp price movements in altcoins may soon begin, bases his predictions on 2019. On that date, the altcoin market had signed a major collapse. Altcoins, which gradually recovered in 2020, reached new peaks in 2021. Cowen thinks that a similar scenario will occur in 2025. Crypto analyst Ardizor suggested that the altcoin bull seen in 2017 and 2021 could be repeated. The analyst emphasized that the altcoin bull cycle occurred three years apart and that a new cycle could begin in 2024. Another crypto analyst Sensei excited his 60 thousand followers. Sensei made the following statements; “The biggest altcoin season ever could begin in less than 10 days” #CryptoDeNostradame #ParrotBambooCrypto
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Bitcoin (BTC) critical hours: The calm before the storm. Bitcoin volatility, which has reached its highest level in the last three months, is following a stable trend as investors await the outcome of the US elections. Bitcoin volatility is known as a measure of expected price volatility, and according to Bitfinex analysts, this situation may be the “calm before the storm.” In a market report titled “The Calm Before the Storm” dated November 5, Bitfinex analysts stated that implied volatility for Bitcoin options is trading at the following low levels, indicating a lack of confidence in the market. According to CoinGlass data, Bitcoin’s open interest rate also fell significantly as futures positions were closed. Despite the expectation of increased volatility ahead of the US elections on November 5, Bitfinex analysts stated that many investors are hesitant. However, the report stated that a large increase in volatility is still expected immediately after the elections, which could either trigger major increases or signal a deep correction for Bitcoin in the event of such a situation. This report is consistent with other market experts’ expectations that post-election volatility will increase. One trader predicted that Bitcoin could move “at least” 10% in either direction after the election results are announced. Bitcoin’s market dominance has weighed on altcoins, exceeding 60% on Oct. 29. Analysts at Bitfinex noted that the market is focused solely on Bitcoin in the run-up to the election, indicating that interest in the altcoin market has waned. “Altcoins experience major declines when $BTC pulls back,” the report said. Popular altcoins like Ethereum ($ETH ) and Solana ( $SOL ) are down about 12% from their recent peaks, while the Ethereum ETF has fallen 40% since its rally. #CryptoDeNostradame #ParrotBambooCrypto
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The US presidential election has seen increased activity in PolitiFi coins. A token named President Donald J. Trump (#TRUMP2024 ) has increased by 5280% in the last 24 hours.
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