Bitcoin (BTC) Surpasses 69,000 USDT with a 1.11% Increase in 24 Hours
On Oct 20, 2024, 10:04 PM (UTC), according to Binance Market Data, Bitcoin (BTC) crossed the 69,000 USDT benchmark and is now trading at 69,035.960938 USDT, with a narrowed 1.11% increase in 24 hours.
$REEF Price Prediction: REEF Plummets 55% As Analysts Say This New ICO Might Be The Best Crypto To Buy Now
Reef Price Prediction REEF saw a massive price drop in the last day and a half, going from a resistance at 0.010 to several supports, all of which ended up broken. The project first broke the $0.0075 level, only to continue to spiral down past $0.0050, and now, it is balancing just above $0.0020.
Meanwhile, the project’s RSI value kept fluctuating between the start of the oversold zone at 30 and the beginning of the overbought area at 70, showing that the bulls and the bears are fighting for control.
For the moment, the support at $0.0020 is still holding, with the token balancing slightly above it, as mentioned. However, with the investors’ and traders’ faith in REEF seriously shaken by the recent market activity, there is no certainty right now that REEF won’t continue its descent in hours, or even days to come.
$XRP facing uncertainty : Whales and the Ripple-SEC trial weigh on the market
XRP has experienced a decline of nearly 2 % in just 24 hours. Indeed, it is the strategic movements of whales that are shaking the market. Their influence on prices is not insignificant and can tip forecasts in an instant. Yesterday, Friday, October 18, 2024, the massive sales of several million tokens by these key players reminded us how fragile the market dynamic can be.
Whales on the offensive in XRP The massive movements of XRP tokens observed in recent days have put considerable pressure on the market, with a drop in the crypto’s price. According to the latest data, several large-scale transactions were made by “Ripple whales.” For example, one of these whales transferred no less than 20 million tokens to the Kraken platform, a transaction valued at approximately $10.98 million. Another major transaction saw 28.3 million tokens, or nearly $15.39 million, sent to the Bitso exchange. The massive sales, occurring in such a short period of time, have created a shockwave among investors, raising concerns about future massive sales that could further weaken XRP’s price. This increased selling pressure comes in an already tense context for Ripple, as the ongoing legal case between the company and the United States Securities and Exchange Commission (SEC) continues to drag on. The uncertainty surrounding the outcome of this litigation makes market forecasts for XRP even more challenging. Some investors believe that this situation could delay the token’s recovery, even under more favorable market conditions. Thus, the current situation mixes both technical movements linked to these massive sales and legal uncertainty that plunges XRP into a phase of prolonged volatility.
The market momentum is strong, pushing CTXC close to its 24h high of $0.2464. Here's a look at key targets:
🎯 Target 1: $0.2464 (Short-term) Breaking above the 24h high could signal continued bullish momentum, with traders eyeing quick profits in this range.
🎯 Target 2: $0.2620 (Mid-term) If buying pressure persists, we could see a rally towards this level. Watch for sustained volume support to confirm the breakout.
🎯 Target 3: $0.3000 (Long-term) With strong market depth and rising interest, this psychological level could attract more investors, driving the price further up.
Key Indicator:
SAR (0.02, 0.2) shows support at $0.1627, signaling a solid base for potential upward movement.
Bitcoin founder died in 2014, his friend Adam Back remained.
The emergence of Bitcoin founder will change the course of Bitcoin.
October 8 is a big day, either we go to the top or we fall to large numbers.
There are rumors on the Internet that the founder of Bitcoin has been identified and the news will be released soon Bitcoin could return to zero with this news or head to imaginary numbers.
The American media company HBO, will soon release a documentary about Bitcoin and its real founder will appear in the film, this is what HBO said.
An American businessman said in an interview that he knows the founder of Bitcoin and he is a corrupt person God knows, I don't think so, because BlackRook knows who the founder of Bitcoin is.
A large company that controls the world like BlackRook cannot buy Bitcoin without knowing its founder!
Currently these two are the ones who are capable in the world of making Bitcoin, they are Hal Finney and Adam Back Because they have great knowledge of cryptography and programming
There is no other person in the world except these two.
They are the geniuses in cryptography.
80% I recommend that Hal Finney is the so-called Satoshi Nakamato the inventor of Bitcoin.
Hold up, crypto fam! #Binance just dropped a bombshell—on September 16, 2024, they’re listing Neiro, Turbo, and Baby Doge Coin! 🔥
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Why GMT Could Be Positioned for a 60x Surge: A Comprehensive Analysis
Why GMT Could Be Positioned for a 60x Surge: A Comprehensive Analysis The cryptocurrency market is known for its volatility and explosive growth potential, with some assets achieving remarkable returns. One such asset gaining significant attention is GMT (STEPN Token). Here's why GMT could be on track for an impressive 60x increase, despite the inherent risks and uncertainties. 1. Innovative Concept and Utility 🚀 GMT is the native token of STEPN, a pioneering project in the Move-to-Earn (M2E) space. This innovative concept integrates fitness with blockchain technology, rewarding users for physical activity. The unique value proposition of earning rewards while staying active attracts a broad user base, positioning GMT as a token with substantial growth potential. 2. Growing Popularity and Adoption 📈 STEPN's platform has witnessed rapid adoption, driven by its gamified approach to fitness and the lucrative rewards system. As more users join the platform, the demand for GMT tokens is likely to increase. A growing user base not only enhances the utility of GMT but also contributes to its potential price appreciation. 3. Strong Community and Ecosystem Development 🌐 A vibrant and engaged community is crucial for the success of any cryptocurrency. STEPN has cultivated a strong community of fitness enthusiasts and crypto supporters, which drives organic growth and adoption. Additionally, STEPN’s plans for ecosystem expansion, including new features and partnerships, could further boost GMT’s value. 4. Strategic Partnerships and Integrations 🤝 Strategic partnerships and integrations can significantly impact a token's value. STEPN has formed alliances with various fitness and blockchain-related companies, enhancing its market presence and utility. These partnerships not only increase GMT's exposure but also provide additional use cases and functionality, potentially driving its price higher. 5. Scalability and Technological Advancements ⚙️ STEPN’s commitment to technological innovation and scalability is another positive factor for GMT. Continuous improvements to the platform, such as enhanced user experience and efficient reward mechanisms, can attract more users and investors. Technological advancements contribute to the overall growth potential of GMT. 6. Market Sentiment and Speculation 📊 Cryptocurrency markets are heavily influenced by sentiment and speculative trading. Positive news, endorsements from influential figures, and increasing media coverage can drive significant interest in GMT. As market sentiment shifts favorably, GMT could see substantial price increases driven by speculative trading and investor enthusiasm. 7. Potential for Mass Adoption 🌍 The concept of earning rewards through physical activity has broad appeal. If STEPN successfully scales its platform and captures a larger segment of the fitness and blockchain communities, GMT could benefit from widespread adoption. Mass adoption would lead to increased demand for GMT, supporting its potential for a significant price surge. Conclusion While the potential for a 60x increase in GMT's value is promising, it is important to remember that the cryptocurrency market is highly speculative and volatile. Factors such as market conditions, regulatory developments, and technological advancements will play a crucial role in determining the actual outcome. Traders and investors should conduct thorough research and consider their risk tolerance before investing. For more insights into promising cryptocurrencies and market trends, please follow and like us to stay updated with the latest information and analysis! 📈🚀
#Crypto #Alts Market Capitalization Of #Altcoins On Support And Moving Within Range Bullish Wave Can Start Once This Tiny Channel Breaks Towards Upside
Guys, this is urgent, I think there's a high chance the FED will surprise everyone and start cutting rates day after tomorrow, please buy any dips, don't get scared.
They changed the date of CPI to June 12th 8:30 AM before the FED meeting announcement. It means they want to check this data before the final decision, they will take the good inflation data of June as an excuse to start rate cuts! There's a very high chance now.
Any drop in gold, US stock or BTC is just master manipulations which will bring billions of dollars to companies like blackrock who have connections in the inside and are now buying massively while everyone is selling..
$GLM is bullish and commanding attention today. It has established its primary support at around 0.40$. Now, it's ready to cross our next target of 1.28$ if Bitcoin remains bullish during this period. In the past, we've seen a 360% profit increase from it.
EigenLayer, After Touching Off Restaking Frenzy, Plans Own EIGEN Token
Eigenlayer, the restaking protocol that has racked up $15.7 billion in deposits, released its token whitepaper Monday, confirming plans for an EIGEN token.
According to a blog post written by the Eigen Foundation, the non-profit supporting the protocol, there will be a total supply of about 1.67 billion EIGEN tokens, and 45% of those will go toward the EigenLayer community.
The 45% is divided into three subgroups, with stakedrops, future community initiatives and ecosystem development each receiving buckets of 15%.
In the first season of the "stakedrop," as the team described the planned token release, Eigen Foundation will distribute 5% of the token supply to users based on their staking activities from March 15. The claim for these EIGEN tokens opens on May 10, and will close after 120 days.
According to the foundation, investors will be allocated 29.5% of the token supply, and 25.5% will go towards early contributors. Both groups will have a three-year lock period, “with a full lock in year one, followed by a linear unlock of 4% of their total allocation each month over the next two years.”
In addition, at the launch of the EIGEN token, users will be able to secure EigenDA, Eigenlayer’s Actively Validated Service (AVS) for data availability, with their EIGEN tokens. Other AVSs are expected to follow, the foundation wrote.
EigenLayer is at the core of a new trend known as "restaking," where users’ ether (ETH) tokens that are deposited or "staked" as security on the Ethereum blockchain can be repurposed to secure additional networks or protocols.
That restaked ETH is used collectively to secure these auxiliary AVS networks on EigenLayer.
Read more: EigenLayer and EigenDA Launch on Ethereum Mainnet
Financial Educator Robert Kiyosaki Supports Ark Invest's $2.3M Bitcoin Prediction
According to CryptoPotato, Robert Kiyosaki, a renowned American author and financial educator, has expressed his support for the $2.3 million Bitcoin (BTC) prediction made by Cathie Wood's asset management firm, Ark Invest, earlier this year. Kiyosaki stated in a tweet that he trusts Wood's predictions due to her intelligence and the potential of BTC to reach such a value under favorable conditions.
In February, Ark Invest published a research report detailing the potential impact of institutional investments and allocations from the global $250 trillion investable asset base on Bitcoin's price. The report suggested that a 1% allocation from this asset base could drive BTC's price to $120,000. Similarly, a 4.8% average maximum Sharpe ratio allocation from 2015 to 2023 could position BTC at $550,000, while a 19.4% allocation could propel the cryptocurrency to $2.3 million.
While Kiyosaki agrees with Ark's predictions, he acknowledged that the firm's analysis might be incorrect. However, he emphasized the importance of individual ownership and perception of BTC. If Ark's predictions materialize, Kiyosaki stated he would regret not purchasing more BTC. Conversely, if Ark's predictions prove incorrect, he would be content with not owning any BTC. Regardless of Ark's accuracy, Kiyosaki asserted that many people would not own any Bitcoins.
Kiyosaki also expressed his belief that BTC could reach $2.3 million. He argued that predictions like Wood's stem from the courage to make and learn from mistakes. He encouraged his followers to 'live dangerously' and buy a small amount of BTC, regardless of whether Ark's predictions come true, as it would make them more knowledgeable and wiser.
Wood, on the other hand, is confident that BTC will be worth $1.5 million by 2030. She believes that BTC reaching $2.3 million is a question of when, not if.
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