Flare’s price surged 16%, defying bearish market conditions.

Total Value Locked (TVL) nears all-time high, boosting investor confidence.

Despite an anticipated bullish “Uptober,” the cryptocurrency market has taken a bearish turn, with the global market cap down 2% and trading volume plunging 21%. Top cryptocurrencies are feeling the pressure, with Bitcoin down 3% and Ethereum facing a 6% dip. However, Flare (FLR) has defied the trend, experiencing a 8% surge, trading at $0.01747. The token’s market cap also increased by 8% to $846K, with a trading volume spike of 386%. It reached a three-month high of $0.01808.

Flare’s performance has caught investors by surprise, especially as the token had been consolidating for over a month. The total value locked (TVL) in Flare surged to $16.6 million, approaching its all-time high (ATH) of $16.85 million, reflecting strong network fundamentals and growing investor confidence.

Moreover, the bullish sentiment is further supported by technical indicators. The Chaikin Money Flow (CMF) plotted a reading of 0.15, signaling an influx of liquidity into the market. Analysts believe FLR has bottomed out and may be on the verge of a breakout. It has been in a tight range for two months.

Positive sentiment continues to build, with experts forecasting a potential surge if investor interest remains strong. One crypto analyst tweeted that FLR’s momentum could lead to a significant price increase, with potential for a bullish reversal in the coming sessions.

What is FLR’s Next Resistance?

On the technical front, FLR’s 9-day Exponential Moving Average (EMA) sits at $0.01588, with a neutral Relative Strength Index (RSI) of 53. Resistance stands at $0.01935 and $0.02105, with support at $0.01204.

FLR Price Chart, Source: Sanbase

Onlookers are now focused on whether Flare can sustain this upward trajectory or face a pullback, as the broader market remains unpredictable. Traders are urged to watch for any shifts in momentum as FLR navigates critical resistance levels.

Highlighted News Of The Day

Ethereum (ETH) Price Falls to Previous Support Amid Selloffs

The cryptocurrency buzz can be heard due to the happenings taking place and the current developments. There have been a few important things that have happened in the last few weeks. The much-anticipated Shiba Inu (SHIB) finally displayed hope with a huge bullish run, the Grayscale XRP Trust looks to be on the verge of declaring an ETF and even more impressively Rexas Finance (RXS) is making noise after hitting over $1.7M on presale. 

Let us look at where the changes are taking us and their importance.

Shiba Inu (SHIB) Bullish Signs, No More Hibernation

Shiba Inu (SHIB), which is one of those meme coins in the evolving ecosystem of cryptocurrency, is back in the headlines again. Shiba Inu went silent for a while and retested the $0.00001125 support level before an 86.01% jump. This increase from the recent low captured the attention of traders and analysts of a possible uptrend. For the investors of SHIB, this may be the beginning of the great as the token seems to lose its weakness and start upturn on the market.In the past few months, SHIB has made some gains due to market trends and interest in meme tokens. Also, since its wallets made their transitions, additional work on projects such as ShibaSwap and NFTs brings the investors more utility of the token. This price increase has given the SHIB Army a glimmer of hope that this token may now be free from historical trends and standing a good chance of recording substantial profits over the next few months.

Grayscale XRP Trust Could Pave the Way for an ETF

In the background, the news about the establishment of the Grayscale XRP Trust is a potential shift for the whole cryptocurrency space. This is especially so for a properly forecasted XRP ETF that in the view of many fans is a more thorough game than a trust which has a lower scope of investors. An XRP ETF would require approval from the U.S. Securities and Exchange Commission (SEC) and according to those in favor of the trust, one day such approval would be given.Grayscale’s XRP Trust is meant to facilitate the acquisition of XRP by institutional investors without physically holding the cryptocurrency. Yet, in light of the recent legal resolution over XRP’s role after its partial victory over the SEC, it is logical to think about an ETF next. It would create UX for everyone allowing the exchange of XRP and this would take the adoption of the currency to its next level.As the developments of an XRP ETF are lauded, the prospect of even more Thatcher could shift focus on optimism again over the dynamics of the crypto market. An XRP ETF will be the first of its kind on the wider market but more if other crypto ETFs are approved.

Rexas Finance (RXS) Presale Makes More Than $1.7M Within What Seems Like Minutes.

Market focus seems to be on SHIB and XRP but Rexas Finance (RXS) is busy upgrading the RWA tokenization market. All in all, the Rexas Finance presale has been quite a remarkable raising over and above the $1.7 million mark, within days. Stage 3 of the presale is now 70.39% complete with 45,756,676 RXS tokens sold in total since the presale went live and $1,790,531 raised.The presale journey of Rexas Finance has been great. It started the presale at the price of $0.030 in Stage 1, which increased to the token for $0.040 in Stage 2 and is presently holding the price of $0.050 in Stage 3. If RXS is issued for about $0.20, then early investors are sitting on the returns of their investment which could be upward of 300%. The sale of RXS tokens has been tremendous, with the presales setting new records daily.One of the biggest advantages of Rexas Finance is the fantastic ability to tokenize real-world assets in a new creative way. If you are looking to invest in a luxury apartment in New York or buy a piece of a vineyard in Italy, Rexas Finance makes it easier even if you are in the comforts of your home. Structures that allow the purchase of assets like real estate and its derivates based on the extent to which one is willing to invest. 

In addition, the founders of Rexas Finance did not seek venture capital for growth but have opted for ease for citizens wanting to invest early. For the citizens concerned, this is a rare period when individuals are likely to be part of the potential project with the capability of transforming the RWA market forever while enjoying good returns.

Conclusion

The meme token status of Shiba Inu seems to have finally been left behind. It is still fresh in memory that Grayscale’s XRP Trust intends to break ground by offering a game-changing ETF. A case in point is Rexas Finance which has had a highly successful presale and if this is anything to go by, tokenizing real estate assets is the next big thing in Blockchain. For whatever circumstances you seek new horizons in investment portfolios and want to play new trends now taking shape in crypto, it would be logical to note Rexas Finance. A presale price was set at $0.050, yet the projected launch price is at $0.20; hence it’s understandable that the RXS Token is fast on its way to selling out. Fasten your belt, this journey is just beginning!

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Bitcoin briefly surpassed $62,000 but quickly fell back, currently trading around $61,271.

BTC has risen over 7% this September, a notable change from its usual average loss of about 6% for this month.

Bitcoin recently showed a modest rise above $62K on October 2, but this rally quickly faded, reflecting a broader dip in the cryptocurrency market. Other major coins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) faced declines of 5% to 10% over the past day. Analysts from QCP warn that if the situation in the Middle East escalates further, Bitcoin could drop to around $55,000. However, the $60K zone has provided solid support thus far.

After a geopolitical sell-off, Bitcoin’s bounce back was halted at $62,357 during the U.S. session, with prices dipping back below $60K later on. At the time of writing, Bitcoin trades around $61,271, displaying a slight rebound despite a more than 20% drop in daily trading volume.

Current Price Trends for Bitcoin

Despite recent volatility, Bitcoin has performed significantly this September, gaining over 7%. Historically, September has not been kind to BTC, usually averaging a loss of about 6%. This month has been a refreshing change amid global uncertainties.

The arrival of October, often called “Uptober,” initially brought disappointment for many crypto enthusiasts. Further, analyst Timothy Peterson suggests that the expected upward momentum may not kick off until after the 19th of this month. Historical patterns support a bullish outlook for Bitcoin in October, with an average gain of over 14% since 2018.

Bitcoin (BTC) Price Chart (Source: TragingView )

Based on a technical analysis of the BTC/USDT 4-hour chart, it shows a slight upward trend after Bitcoin reached a recent low of $59,996. Currently, the price sits below the 21-day moving average, and the 9-day moving average has also dipped beneath it. The RSI is at 39.48, indicating a neutral state, which supports the current price trend. 

Bitcoin must surpass the $63.5K zone. If that happens, there’s a possibility of climbing back to the $65,000 level. This could further validate the bullish sentiment for October, possibly pushing it past $68,000 or even $70,000.

Arthur Hayes took a $47K hit after dropping $500K on PEPE and MOG.

Hayes deposited 24.39 billion PEPE and 167.5 billion MOG back to Binance and Bybit.

The crypto market has been struggling to break the bearish pressure as Uptober began. The bearish sentiment drove the overall market cap to $2.14 trillion. The leading cryptocurrency, Bitcoin (BTC), dropped to $59.9K, and Ethereum (ETH) also faced a sharp downturn, falling to $2.3K. 

Amid this, the former BitMEX CEO Arthur Hayes recently announced his support for the three meme coins—PEPE, MOG, and MOTHER. It triggered the token’s price momentum. He spent an approximation of $500K on these tokens. 

According to recent on-chain data, Hayes confronted a $47K loss six days after his announcement. Hayes has deposited 24.39 billion PEPE, worth $230K, and 167.5 billion MOG, valued at $223K, back to the exchanges like Binance and Bybit. 

On the other hand, Arthur Hayes previously made a move in the crypto market by selling 350K PENDLE, worth $1.26 million, as per the on-chain data. He initially purchased 392,911 $PENDLE for $2.2 million between May 20 and June 21 at around $5.60 per token. 

Price Movements of PEPE and MOG

Hayes’ acquisition of PEPE triggered the token surge in value in the market. On September 27, PEPE spiked to the price range of $0.00001070. Currently, PEPE is trading at $0.000009274, down by 6.90% in the last 24 hours. Besides, the trading volume has dropped by 33.20% to $1.22 billion, according to CMC data. 

Looking ahead, the nearby resistance is found at $0.000009316. A bullish surge could take the price higher, while a strong bear hold may push it down to $0.000009187. 

In addition, MOG is currently trading at $0.000001391, losing over 7.15% in the past 24 hours. The trading volume of the token is down by 35.65% to $20 million. Hayes’ support made the MOG price spike to the $0.00000169 range, as per CMC data. The nearby resistance of the token might be at $0.000001447, and the immediate support can be found at $0.000001264. 

Highlighted Crypto News 

Ripple Vows to Fight SEC Appeal Over XRP Sales Ruling

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BitconeMine is a powerful ecosystem designed to tap the potential of advanced artificial intelligence and machine learning for traders and investors. With the BitconeMine platform, navigating the complex cryptocurrency market has become simpler. BitconeMine features provide reliable market data that investors can use to make informed decisions.

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 BitconeMine is a growing company, but it will soon surpass these numbers with its philosophy of keeping its users happy. Coupled with its powerful features and upcoming blockbuster news, BitconeMine is undoubtedly a cloud mining service platform worth paying attention to and is currently the most worthy choice. Choosing a reputable cloud mining platform is essential to ensure a successful experience. Due to its strong security and stability, it has long been supported by more than 3 million users. Get your hands on it and click:

Facebook: https://web.facebook.com/

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Office address: Tower 42, 25 Old Broad St, London EC2N 1HQ, United Kingdom

Company name: Bitcoin Mine

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ripple vows to fight the SEC appeal for as long as necessary.

Ripple’s legal team is evaluating a potential cross-appeal.

Ripple CEO Brad Garlinghouse has made it clear that Ripple will fight the U.S. Securities and Exchange Commission’s (SEC) appeal for as long as necessary. The SEC is appealing a court decision from July that ruled XRP’s programmatic sales were not securities. This ruling had been a partial win for the network in its long-standing legal battle with the SEC.

If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn’t protected investors and instead has damaged the credibility and reputation of the SEC.Somehow, they still haven't gotten the message: they lost on everything that… https://t.co/1hW7xVSL9b

— Brad Garlinghouse (@bgarlinghouse) October 2, 2024

Garlinghouse addressed the issue on social media, reinforcing that Ripple remains committed to the fight. He mentioned that the company has confidence in its legal position and the earlier court ruling. The case originally began in December 2020, when the SEC sued Ripple for allegedly offering unregistered securities through XRP.

Ripple’s Ongoing Legal Battle

Legal expert James K. Filan pointed out that this appeal could have major implications, not only for the network but for the entire cryptocurrency market. He highlighted that the SEC’s focus is now on gaining more authority to regulate digital assets. Ripple’s legal team is expected to counter this appeal strongly.

Ripple’s legal team, led by Stuart Alderoty, has expressed strong confidence in their case against the SEC’s appeal. Alderoty recently took to social media, reinforcing the company’s stance, stating,

 “The SEC’s decision to appeal is disappointing, but not surprising. This just prolongs what’s already a complete embarrassment for the agency.”

As the legal battle continues, Garlinghouse has reassured its supporters that the company is well-prepared for the next phase of the court process. He emphasized that they will continue their fight in the courts and will not back down.

Highlighted Crypto News TodayAptos Labs Strengthens Japan Presence with HashPalette Acquisition

Ethereum price in the past 24 hours has incurred an additional price dip of 3.61%. 

The altcoin’s daily trading volume has dipped by 18.77% as per CMC data.

Uptober’s failure to initiate the bull run yet, has caused a feeling of unrest in the crypto community. Significant cryptocurrencies have incurred major dips in the last 2 days, this has put investors in a tough spot. The decision to sell or buy the dip has been looming within the sector. Meanwhile, as aforementioned, Ethereum has shown significant price dips. 

Notably, and contrary to expectations, Bitcoin has fallen to $61,000 after its recent rally to $66K. Mirroring this price action, the largest altcoin, Ethereum exhibited an additional 3.61% price drop over the last 24 hours. Looking back, the altcoin failed to show significant increases despite Bitcoin’s recent rally. 

At the beginning of October 2, ETH traded at $2,491 before it began falling to its previous support level at the $2,300 levels. Moreover, the altcoin dipped to an intra-day low of $2,352 before attempting to recover. At the time of writing, Ethereum was trading at $2,388 as per CMC data. 

Contrastingly, the US spot ETH ETFs have shown significant inflows in the last 24 hours. According to Sosovalue data, the ETP products recorded $14.45 million in daily net inflows on October 2. Additionally, BlackRock’s spot ETH ETFs recorded the highest inflows amounting to 18.04 million.

Is Ethereum (ETH) Price Anticipating Further Dips? 

Over the past week, Ethereum has incurred a 8.18% price decrease as per TradingView data. In the beginning of the week, the altcoin traded at the $2,600 levels which resulted from a modest price dip during the time. Additionally, the token’s monthly performance stands at an approximate 5% dip while its YTD price increase is struggling to remain positive and is currently at 4.77%. 

ETH/USDT Daily Price Chart (Source: TradingView )

 Meanwhile, several Ethereum whales have shown selling activity in the past few weeks. The token’s RSI standing at 41.32 indicates the persistent selling pressures in the market. Furthermore, the token’s bull power indicator stands at 2.13 while the bear power indicator stands at 3.86 highlighting the bearish dominance. 

Moreover, the token in case of continuing with the bearish trend might fall to a support of $2,215. However, for Ethereum to turn the price action towards the positive, it might require significant propellants. 

Highlighted Crypto News Today: 

Bitwise Officially Files Form S-1 for Spot XRP ETF with US SEC

Aptos Labs acquires HashPalette, expanding its blockchain presence in Japan.

Palette Chain integrates into Aptos for improved scalability and global access.

Aptos Labs, the developer behind the Layer-1 blockchain Aptos, announced on October 3 its acquisition of HashPalette, a subsidiary of HashPort and the developer of Palette Chain. The acquisition signifies a strategic partnership between Aptos Labs and HashPort, integrating Palette Chain’s NFT distribution platform into Aptos’ ecosystem.

Palette Chain, known for its focus on NFT distribution, gained recognition after its Palette Token (PLT) became Japan’s first Initial Exchange Offering (IEO) on Coincheck in 2021. The IEO raised ¥930 million, with applications exceeding ¥22.45 billion. However, with the recent downturn in the cryptocurrency market, PLT’s value has fallen below its initial public offering price.

BIG NEWS: We've agreed to acquire @hashpalette_en, the pioneers behind Japan's Palette Chain! This is a game-changer for Japan & the Aptos ecosystem. This underscores our commitment to Japan, supercharging their booming digital economy with @Aptos cutting-edge tech pic.twitter.com/NjAYhT7ez1

— Aptos Labs (@AptosLabs) October 3, 2024

Moreover, HashPalette’s blockchain has also been used for innovative projects such as the EXPO2025 Digital Wallet, supporting initiatives for the Osaka-Kansai Expo in 2025. With the migration to Aptos, two of Japan’s five IEO projects will transition to Aptos’ high-performance blockchain network.

Leaders’ Optimism

Mo Shaikh, CEO of Aptos Labs, emphasized the importance of the Japanese market, stating that the integration would enhance scalability, security, and ease of access to global Web3 markets. This acquisition is also a key element of Aptos Labs’ expansion into Asia, reflecting its ambition to advance blockchain adoption in innovative digital economies.

HashPort’s Chairman, Yoshihiro Yoshida, expressed optimism, highlighting that Aptos’ global infrastructure would accelerate the social implementation of Web3 services. The collaboration is expected to drive mass adoption of Web3 in Japan, especially with the upcoming Expo 2025.

Additionally, Aptos Labs has partnered with Franklin Templeton to integrate the Franklin OnChain US Government Money Fund on Aptos. It showcases its commitment to bridging TradFi and DeFi worlds through real-world asset tokenization.

Highlighted News Of The Day

Bitwise Officially Files Form S-1 for Spot XRP ETF with US SEC

Kresus, an industry-leading cryptocurrency wallet provider, has collaborated with Christie’s to transform the way art collectors prove and manage their ownership. As part of Christie’s esteemed sale, “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina,” happening on October 2nd at Christie’s Rockefeller Center, Kresus will distribute blockchain-based Certificates of Ownership for more than 130 auction lots for the first time.

As part of this innovative partnership, Kresus will mint unique digital certificates for each of the 132 lots sold at auction. These certificates will serve as an immutable record of ownership on Coinbase’s Base blockchain. By integrating with the Kresus wallet, collectors will have a more contemporary means of authenticating and managing their physical art with easy access to digital Certificates of Ownership.

Trevor Traina, founder of Kresus said:

“Blockchain enables many things. As an art collector, I am well aware of the burden of managing and maintaining provenance and proper documentation- often in paper form and in file cabinets. This partnership with Christie’s exemplifies how technology can enhance the experience for collectors, providing a secure, digital way to manage physical assets. We are excited to launch this initiative and set a new standard for art provenance in the digital age.”

Nicole Sales Giles, VP, Director, Digital Art Sale added:

“At Christie’s, we are always looking for innovative ways to support and elevate the experience of our collectors. Working with Kresus to offer blockchain-based certificates of ownership is a natural evolution of our commitment to authenticity and transparency in the art world. This pilot program is an exciting step forward for the integration of art and technology.”

Aligning physical works with digital certificates to provide transparency and security for art collectors, this pilot initiative signifies a major advancement in the art world’s acceptance of blockchain technology. While Christie’s has given a sneak peek at the photographic collection, Kresus is highlighting the sale’s novel usage of blockchain for Certificates of Ownership.

Recognized artists including Robert Frank, Cindy Sherman, William Eggleston, and Diane Arbus have works from the postwar and contemporary periods up for sale. Topics such as the rise of female photographers and the development of color photography are prominent in Ambassador Traina’s collection, which focuses on the mid-century. For Arbus’s “Identical Twins, (Cathleen and Colleen), Roselle, New Jersey, 1966,” a lifetime print sold at Christie’s in May for $1.2 million broke the previous record.

Secure access to decentralized apps is Kresus’s forte; the platform also offers digital asset management and crypto wallets. In order to help people and organizations confidently traverse the ever-changing web3 landscape, Kresus has integrated state-of-the-art blockchain technology into user-friendly solutions. Kresus is revolutionizing the digital administration of physical assets with its upcoming launch of Certificates of Ownership, which are built on the blockchain.

At the time of writing, XRP is trading at $0.5548, down 6.96% in the last 24 hours.

If the price breaks below $0.54 level, then it will likely test $0.50 support level.

An XRP Spot ETF has been proposed by Bitwise Asset Management, a cryptocurrency fund manager based in the United States. This is seen by Ripple advocates as a major step forward.

The SEC has accused Ripple of generating $1.3 billion via unregistered XRP transactions. And the firm has been involved in continuing legal disputes with the agency. The filing comes during this ongoing legal struggle.

With the recent accumulation of hundreds of millions of XRP tokens by “whales,” market volatility skyrocketed. Concurrent with the submission of a Bitwise ETF application, this accumulation took place. But these preparations were thwarted when the SEC, perhaps unable to wait any longer, chose to appeal the ruling in the Ripple case today.

Intense Selling Pressure

Earlier, after the court determined that sales on the secondary market were not securities, the United States Securities and Exchange Commission (SEC) took a major hit. If the SEC wanted to appeal the decision, they had until October 7th to do so. This latest turn of events implies that the regulator and Ripple’s protracted legal dispute will resume.

At the time of writing, XRP is trading at $0.5548, down 6.96% in the last 24 hours as per data from CMC. Moreover, the trading volume is down 20.68%. The price decline is due to the recent appeal by the SEC, which has caused a negative sentiment among investors.

After failing to cross above $0.66 level on September 29, XRP has been under selling pressure, which has only been intensified by the latest development.

If the price continues to fall and breaks below $0.54 level, then it will likely decline further to test $0.50 support level. However, if the price manages to climb above $0.58, then it will likely test $0.60 resistance level.

As the dust settles on recent crypto fluctuations, Cardano is shining through, increasing its market cap by 6%. The Graph also promises subtle gains, with projections pointing upward. But the spotlight is on BlockDAG, where a limited-time 50% bonus on coin purchases has enthusiasts scrambling as the October 14 deadline approaches. 

This big news has spiked demand for BlockDAG, with this bonus drawing people in and pushing presale towards a massive $78.5 million. With these coins gaining huge attention, analysts are watching which project will emerge as the frontrunner.

Cardano’s Steady Climb in the Crypto World

Cardano’s recent surge has elevated its market cap as after a massive drop over the past six months, the token’s value started to pick up, showing a positive trend. This improvement reflects a renewed interest among investors, moving Cardano up the ranks.

Despite challenges and criticism regarding its appeal, Cardano’s performance this week paints a brighter picture. The Cardano market cap increased by 6%, overtaking Tron. This rise highlights Cardano’s potential stability in the volatile market, marking a subtle yet noticeable recovery in its valuation.

The Graph Price Trends: A Snapshot

Looking at The Graph price prediction for October 2024, there might be a slight bump in its value. Experts are pointing towards a possible high of $0.627, with a potential dip to around $0.184. The average expected value is projected to settle around $0.405. 

For January 2025, The Graph price prediction suggests a high of $0.202 and a low of $0.158, with an average value likely hovering around $0.180. This forecast gives a peek into the expected range of values, offering a heads-up to those keeping an eye on The Graph’s movements without nudging them toward any investment decisions.

Grab a 50% Bonus on BDAG Coins Before Time Runs Out!

BlockDAG has recently launched a 50% bonus on all coin purchases, sparking excitement among cryptocurrency enthusiasts. As the deadline of October 14th draws near, the rush to acquire BDAG coins has pushed pre-sale figures to an impressive $78.5 million. 

BlockDAG is launching a new website and platform on the same day. This has left many wondering about the potential innovations the new platform will introduce and how it could elevate its assets.

This limited-time offer represents a golden opportunity for existing and new users to enhance their BDAG holdings. With the offer set to expire soon, it’s a perfect moment to jump in. Early adopters have seen a staggering 1820% increase in their coin’s value and are optimistic about future gains.

New users still have a great chance to join in. The coin is priced at only $0.0192, making it a good time to get started before the price increases. By joining BlockDAG now, you can grab a 50% bonus and get on a platform that’s ready to grow.

Summing Up!

While Cardano continues to recover, regaining its place in the top 10, and The Graph shows promise with upward trends, BlockDAG is stealing the show. Its 50% bonus offer, valid until October 14, has stirred a rush, with presale figures surging to $78.5 million marking its spot in the top 10 crypto presales. 

This limited-time deal draws the attention of crypto enthusiasts eager to take advantage. As BlockDAG gains momentum, this offer is seen as a golden opportunity to join a rapidly growing platform before the window closes.

Learn More About BlockDAG:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

The ChainLink price surge is setting the pace in the crypto market, signalling a robust upturn that draws attention across the board. As investors and enthusiasts dissect this trend, the Filecoin (FIL) network is not far behind, gearing up with the F3 upgrade to enhance transaction speeds and revolutionise data storage capabilities.

Meanwhile, BlockDAG captures headlines with its testnet launch and an impressive presale figure of $78.5 million, positioning it among the top crypto coins of 2024. BlockDAG offers a limited-time 50% bonus to celebrate these achievements, stirring excitement within the crypto community. As the deadline of October 14th gets closer, the excitement and interest in BlockDAG’s offer keep growing.

Exploring ChainLink’s Recent Performance

Recent analysis sheds light on the factors behind the ChainLink price surge. Large investors have acquired 8.5 million LINK tokens over the past six weeks, driving key developments. This buying spree and several positive market indicators have propelled ChainLink’s upward trend.Social interest in ChainLink has risen, with discussions and engagements rising since mid-2024. Additionally, ChainLink’s performance against Bitcoin has strengthened, showcasing a solid recovery from its previous lows. This improvement is marked by a nearly 28% increase in the ChainLink price surge from earlier valuations. 

Filecoin (FIL) Network Boosts Speed with F3 Upgrade

The Filecoin (FIL) network is set to experience a major upgrade with the introduction of Fast Finality (F3), designed to cut on finalisation times. With F3, this time will reduce drastically to just a few minutes, marking a 450x increase in speed and enhancing overall efficiency.

This update will speed up transactions and improve the Filecoin (FIL) network’s developers’ usability. The introduction of GossiPBFT, a new consensus protocol, promises faster finality while maintaining high security and resilience against attacks. As the Filecoin (FIL) network prepares for a full implementation later this year, it stands to revolutionise its capacity for handling on-chain storage and retrieval.

Deadline Alert: BlockDAG’s 50% Bonus Until October 14th 

BlockDAG is currently making headlines with the successful launch of its testnet, an event that marks a significant step forward for this rising star in the crypto world. To celebrate this milestone, BlockDAG is offering a substantial 50% bonus on purchases of BDAG coins, but hurry—this offer ends on October 14th. 

How can enthusiasts take advantage of this 50% bonus? It’s simple: buy BDAG coins before the deadline and use the code BDAG50 at checkout. This limited-time promotion is a fantastic opportunity for crypto enthusiasts to increase their holdings and get involved with one of the top crypto coins 2024 has to offer.The excitement around BlockDAG’s presale is palpable, with sales surging to a remarkable $78.5 million. This impressive figure has solidified BlockDAG’s position as a top contender in crypto presales and has accelerated the sale of BDAG coins, with over 13.2 billion coins already snapped up by eager traders.

As demand continues to rise, so does the value of BDAG coins. The current batch is almost sold out at $0.0192, and the next batch is expected to see a price increase. From the first batch, priced at $0.001, to the current price in the 23rd batch, early buyers have seen an incredible 1820% ROI, showing the phenomenal potential of BDAG.

According to crypto analysts, holding BDAG coins could be one of the smartest moves a crypto trader makes this year, mirroring the success of well-established coins. Missing out on this could be a missed opportunity for those looking to make their mark in the crypto market.

Who Took the Crown in Crypto for 2024?

As the digital currency domain evolves, the ChainLink price surge and Filecoin (FIL) network’s advancements highlight the dynamic nature of the crypto market. While ChainLink demonstrates robust growth and Filecoin enhances transactional efficiencies, BlockDAG emerges as a compelling contender among the top crypto coins of 2024. 

BlockDAG captures market attention with an impressive $78.5 million in presales and a limited-time 50% bonus offer, presenting a strategic opportunity approach ahead of the October 14th deadline. This scenario underscores a pivotal moment for those looking to diversify and strengthen their portfolios with promising digital assets.

Discover More About BlockDAG:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

In a market driven by the constant search for growth, crypto enthusiasts always look for the next game-changing opportunity.

As ICP price recently broke through resistance levels, hinting at a potential 40% surge, Aptos prediction suggests it could soon cross the $10 mark.

However, BlockDAG is leading the way with its explosive presale momentum and $1M Mega Giveaway. By holding just $100 worth of BDAG coins, participants can win $20,000, positioning BlockDAG as one of the top trending crypto projects.

With the presale accelerating and growth surging, experts predict BDAG will reach $30 by 2030, offering early backers up to 30,000x ROI potential.

ICP Price: Momentum Builds Toward 40% Surge

Internet Computer (ICP) is gaining momentum, with its price currently at $9.057 after breaking the key resistance level of $8.825. Over the past week, ICP has gained 11.23%, showing sustained growth despite being down 32.79% year-to-date. 

Market analysts predict that if ICP can maintain its position above $8.825, it may surge toward the next target of $11.30, and $13.910, representing a 40% upside from current levels.

However, despite this short-term growth, ICP is still down 32.79% year-to-date, which raises investors’ concerns. Additionally, its price has struggled to maintain stability, and a drop below the $8.825 support could result in a further decline toward $6.625.

Aptos Prediction: Bullish Pattern Targets $10+ Rally

The recent chart formation of an inverse head-and-shoulders pattern suggests Aptos’s (APT) upward movement is on the horizon. Aptos saw a remarkable 29.98% increase over the past week, though the pace has slowed, with only a 1.59% gain over the last week.

The Relative Strength Index (RSI) recently touched 74, signalling overbought conditions, but has since adjusted to 70.25. If this drop doesn’t pick up the speed it could lead to further decline.

BlockDAG’s $1M Giveaway: Boosting Early Backers’ Potential

BlockDAG is shaking up the crypto world with its $1M giveaway, drawing huge attention to its ongoing presale. To participate, all that’s needed is to hold $100 worth of BDAG coins. The giveaway offers 50 lucky winners a chance to split the $1M prize, but that’s not all.

Participants can increase their odds by completing a few tasks and referring friends. With over 4,794 entries, crypto enthusiasts are flocking to BlockDAG’s presale, driving demand for BDAG coins to new heights.

The presale, which has now raised a staggering $78 million, has put BlockDAG in the spotlight as one of the top trending crypto projects of 2024. Early backers are seeing their funds growing.

The BDAG coin price has surged from an initial value of $0.001 to $0.0192 by batch 23—a gain of 1,820%. Traders who got in early are now in a great position as the coin’s value continues to climb with each presale batch.

With rapid presale expansion and increasing growth, the current batch is about to sell out, leading to a notable rise in BDAG coins price. This surge has led experts to predict that BDAG could hit $30 by 2030, potentially delivering 30,000x ROI to early supporters. So, securing a part in the project now could be the perfect time before the prices rise and get out of reach.

Today’s Top Trending Crypto

The current trends in the crypto market are clear—coins like ICP, Aptos and BlockDAG are gaining traction with the potential for significant price rallies. ICP price is eyeing a 40% surge, while Aptos prediction suggests a breakout above $10 could be imminent.

However, BlockDAG is the real standout. Its $1M giveaway has turbocharged presale momentum, making it a magnet for crypto enthusiasts. With over $78 million raised and 30,000x ROI potential for early backers, BlockDAG’s presale offers a powerful opportunity for those looking to maximise their holdings.

Join BlockDAG – Act Now Before Prices Increase:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion.

Additional Middle East escalation may send prices down to as low as 55,000.

Some market analysts are worried that the market is becoming frothy due to the recent increase in open futures contracts for Bitcoin. Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion, a mark that has traditionally been associated with local price peaks.

One important indicator that investors use to gauge market mood and predict future price fluctuations is Bitcoin OI. It is the total amount of Bitcoin futures contracts that have not yet been settled or expire.

Rising Geopolitical Tensions

According to CoinGlass statistics, the Bitcoin OI hit $35.52 billion on September 27th. The highest since June 7th, when it hit $37.69 billion. In the 30 days after that, Bitcoin’s price fell from $70,759—close to its all-time high—to $58,239, a decline of about 18%.

That might lead to the market overheating, according to the experts. The open interest in Bitcoin has decreased by 9.1% to $32.32 billion since September 27th. While the price of BTC has dipped near $60,000 due to rising Middle Eastern tensions. Bitfinex experts see the drop as being within a range that will not halt the positive trend.

Their opinion was that OI might be reset with a small 5-10% drop that wouldn’t halt the general advance. According to some analysts, the Middle East tensions have only just begun to escalate, and the worst is yet to come.

Trading company QCP Capital recently informed its Telegram channel users that cryptocurrency took a worse fall compared to oil and stocks. They mentioned that the asset seems to have discovered a level of support near 60,000. But the report warned that additional escalation may send prices down to as low as 55,000.

Highlighted Crypto News Today:

Ripple Mints Additional 1.35 Million RLUSD Stablecoin on XRPL

Ripple is gearing up for a crucial period of regulatory reviews and market integration.

To maintain parity, Ripple has been simultaneously minting RLUSD on the Ethereum network.

In an effort to make sure the stablecoin works well when it launches, Ripple has minted an additional 1.35 million RLUSD to the XRP Ledger. Ripple is gearing up for a crucial period of regulatory reviews and market integration, which is when this development occurs.

With 2.45 million RLUSD created in October alone, Ripple Labs has been ramping up the minting of its RLUSD stablecoin. The most recent minting, which took place on the XRP Ledger, included the minting of 1.35 million RLUSD and was one of four separate batches. Up until this point, this massive tranche has been the most noteworthy issuance. It also shows that the Ripple team is trying to increase liquidity and put RLUSD through its paces in different environments.

Getting Ready Ahead of Regulatory Clearance

Previous mints by the firm included smaller batches, such as the 80,000 RLUSD stablecoin that was recently minted, in addition to the 1.35 million tokens. All of these moves point to the corporation being ready to launch RLUSD, pending clearance from regulators.

To maintain parity, Ripple has been simultaneously minting RLUSD on the Ethereum network and the XRP Ledger (XRPL) network. One way to improve scalability is to split token distribution across these two blockchains. It also guarantees that the stablecoin will work well in a scenario where many chains are active.

A lesser number of tokens, including a 500,000 RLUSD tranche, were created on Ethereum, however the XRPL has issued the vast bulk of tokens.

The complete launch of RLUSD is still contingent upon regulatory clearance, even though minting has advanced. In light of the recent legal challenges encountered by other stablecoin issuers, such as Paxos and TrueUSD, the firm is eager to guarantee that the stablecoin adheres to U.S. legislation.

Highlighted Crypto News Today:

Is Solana’s 7% Price Drop a Signal of a Bigger Trend?

SINGAPORE, October. 01, 2024 /— Zeebu, a leading Web3 payments and liquidity protocol, concluded its participation at TOKEN2049 Singapore as a Title Sponsor with a series of impactful events, strategic discussions, and community engagements.  

Taking place at the Marina Bay Sands from September 18-19, 2024, TOKEN2049 gathered over 20,000 attendees, 7,000 companies, and industry leaders from around the globe. Zeebu’s presence and initiatives left a lasting mark on the conference, reinforcing its position as a decentralized finance and blockchain technology pioneer. 

A Standout Presence at the Heart of TOKEN2049 

Zeebu’s omnipresence was hard to miss at TOKEN2049, from the Zeebu Stage to Padel court. With the largest booth at the venue—spanning 108 sqm plus an additional 45 sqm in the green zone, Zeebu stood out prominently. 

The Zeebu Stage featured industry heavyweights, including Sergey Nazarov, Co-Founder of Chainlink, who delivered a keynote on ‘Enabling DeFi,’ among other notable speakers. Zeebu’s founders also hosted an impactful panel discussion with Sapien Co-founder Trevor Koverko, exploring the role of Real-World Assets (RWAs) in the Web3 payments revolution. The sessions attracted large audiences, sparking vibrant discussions that reinforced the company’s thought leadership. 

“Our goal at TOKEN2049 was to demonstrate how Zeebu is driving the next wave of Web3 adoption through real-world application of DeFi and blockchain technology,” said Raj Brahmbhatt, Founder & CEO of Zeebu. “The overwhelming response from attendees and industry leaders validated our efforts and highlighted the transformative impact we are making in the space.” 

The Zeebu team engaged with key opinion leaders (KOLs), investors, and industry professionals, providing insights into how its decentralized liquidity protocol is reshaping the B2B Settlements.  

Zeebu’s Thought Leadership on Stage: Raj Brahmbhatt’s Mainstream Mission 

One of the most talked-about sessions at TOKEN2049 featured Zeebu’s CEO, Raj Brahmbhatt, who joined a panel discussion on “The Mainstream Mission – Bringing Crypto to the Masses.” Alongside other industry heavyweights such as Mike Silagadze, Michael Shaulov, and Henri Arslanian, Brahmbhatt emphasized the crucial role of user-friendly products, services and platforms in demystifying blockchain for everyday users. 

“Crypto isn’t just for the hardcore tech geeks anymore,” said Brahmbhatt. “It’s for the everyday person who knows it’s going to change their life. That’s the future we’re building at Zeebu.” 

The session explored strategies for overcoming challenges like regulatory barriers, security concerns, and user experience issues, highlighting Zeebu’s commitment to simplifying crypto adoption for mainstream audiences. 

A Full Week of Networking and Knowledge Exchange 

TOKEN2049 extended beyond just a two-day conference, and so did Zeebu’s involvement.  

The team co-hosted the exclusive, invite-only VCs & LPs Cocktail Hour on September 17, bringing together leading venture capitalists and limited partners for high-level networking. Additionally, during Connect 2049: Beyond Scaling, Dr. Raghavendra Hunasgi from Zeebu delivered a keynote, sharing insights on Zeebu’s growth and inviting attendees to sign up for the ZBU Protocol waitlist. 

Zeebu also co-organized the renowned Restaking & Infra Day, where Raj Brahmbhatt, CEO of Zeebu, delivered a powerful keynote titled “The Future of Yield: Transitioning from Inflated Rewards to Real Yields,” providing insights into sustainable yield models within the evolving DeFi landscape.  

Keshav Pandya, Co-founder & COO of Zeebu, participated in a comprehensive panel discussion, “The State of Play, Major Results, Downsides, and Future Prospects,” offering an in-depth overview of the current state of blockchain infrastructure and its future potential. This highlighted how Zeebu is paving the way for a robust, user-centric financial ecosystem. 

Reflecting on an Unforgettable TOKEN2049 

From the lively Zeebu Stage discussions and vibrant community engagements, Zeebu’s presence at TOKEN2049 was truly outstanding. The company’s ability to create a dynamic environment for learning, networking, and collaboration set it apart as a standout participant at the event. 

“TOKEN2049 is where ideas come to life, and we were thrilled to be at the center of it all,” shared Dr. Raghavendra Hunasgi, Co-Founder & CMO of Zeebu. “We look forward to building on the momentum we’ve gained here and continuing to lead the charge in transforming the Web3 payments landscape.” 

With an unforgettable week that captured the attention of the entire Web3 community, Zeebu has firmly established itself as a driving force in the blockchain space, leaving a lasting impact on everyone who attended TOKEN2049. 

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Ethervista’s 29% decline in a single day serves as more than just a statistic. It’s a clear reminder of the fragility and unpredictability that characterizes the crypto market. Meanwhile, VeChain, after briefly reaching $0.026, tumbled by 19.2%, reflecting the volatility of the space. Still, a modest 4.7% weekly recovery brings it to $0.021, highlighting resilience in a tumultuous market.

In contrast, BlockDAG is making a notable entry with its advanced DAG technology backed by PoW. The recent AMA with the CEO unveiled a mining model that combines multiple miners, sparking a rush to purchase in batch 23. Is now the time to consider BDAG coins?

Ethervista: Sudden Drop Catches Investors Off Guard

Ethervista’s rapid rise and equally fast downfall offer a stark reminder of the volatile forces at play in digital currencies. The market can be unforgiving, as even significant upward momentum can crumble in a blink.

Ethereum Classic’s recent decline has been eclipsed by Ethervista, a platform with roots in Solana’s Pump.fun and Tron’s SunPump. Ethervista recently soared to become the second-largest burner of ETH within a week, only to suffer a 29% drop in a single day. This dramatic shift reflects the high level of uncertainty that defines the cryptocurrency landscape.

VeChain: A Lukewarm Offering for Now

VeChain’s story is one of endurance and resilience, even in an unforgiving market. Despite recent challenges, the community has remained committed, casting over 13 million VOT3 tokens to approve the VeBetterDAO proposal. This collective decision isn’t just symbolic—it reinforces the belief in shared governance and highlights the trust that persists, despite the shifting conditions beneath their feet.

The proposal’s approval signals upcoming technical improvements, including X-Nodes support and the introduction of GM NFTs, marking critical steps in VeChain’s continued development.

BlockDAG: X10 and X1 Miners for the Long Game

In a crypto world filled with ambitious proposals and speculative predictions, BlockDAG is introducing a concept that goes beyond the traditional model of a better coin. It is proposing a fundamental shift in the way value is generated and distributed, offering a structure that empowers individuals directly. This isn’t just a technological advancement—it signals a larger, inevitable realignment within the blockchain ecosystem, shaped by ongoing developments across the industry.

BlockDAG’s recent AMA with CEO Antony Turner has heightened interest, particularly within the crypto-mining sector. Turner emphasized the strategic advantage for early adopters, positioning the company’s mining devices as a key opportunity to secure significant rewards before the market becomes more competitive. 

The logic is straightforward—fewer participants now lead to greater returns. Turner also noted that combining the X10 and X1 miners could boost efficiency tenfold, positioning this hardware as a particularly attractive option for those focused on maximizing output.

Following the latest testnet launch, there has been a marked increase in purchasing activity, pushing the project forward through batch 23, where coins are priced at $0.0192. This makes it a more accessible financial option for a coin with robust technical backing, potentially poised to succeed Kaspa. The project has already sold over 5 million ASIC miners, underscoring the strong demand for PoW mining. With more than $78 million raised in presales, some experts suggest early adopters could realise returns up to 20,000x, with the coin’s value possibly ranging from $1 to $20.

Final Thoughts

Ethervista’s recent surge from $21.26 to a high of $27.60, only to crash to $12.44, showcases the inherent volatility of the crypto market. This unpredictability, paired with long-standing concerns, makes the case for exploring alternatives. BlockDAG has already raised $78 million in presales, signaling strong interest from both miners and buyers. 

Join BlockDAG Presale Now:

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetwork

Discord: https://discord.gg/Q7BxghMVyu

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Bitwise XRP ETF uses the cash-create technique or exchanges cash for shares.

The crypto asset manager was an early entrant in the Bitcoin spot ETF market in January.

Bitwise, a cryptocurrency asset manager, has formally applied to the US Securities and Exchange Commission to become the first spot XRP exchange-traded fund (ETF). The filing states that, after the Bitwise XRP ETF receives SEC clearance, it will provide investors access to the value of the XRP owned by the trust, less the costs of the trust’s operations and other liabilities.

Bitwise CEO Hunter Horsley said in a press statement announcing the announcement on Oct. 2 that the company believes blockchains will bring about new monetary assets that are not tied to politics. And will have permissionless uses in the 21st century.

The CEO added:

“It’s why for the past seven years we’ve helped investors access the opportunities in the space, and we’re excited to continue that work with our filing for a Bitwise XRP ETP. 

Awaiting Regulatory Clearance

Additionally, Bitwise said that the Bitwise XRP ETF uses the cash-create technique or exchanges cash for the creation and redemption of shares. According to the filing, the trust would inform shareholders if it manages to get the required regulatory clearances to permit creations and redemptions in kind.

A formal filing with the SEC was expected to follow Bitwise’s Oct. 2 filing for an XRP ETF Trust in Delaware, which was followed soon after by its ETF filing. Bitwise was an early entrant in the Bitcoin spot ETF market in January, before applying for an XRP ETF. 

Among the companies that began trading spot Ethereum ETFs in July was Bitwise. Moreover, Bitwise has not yet registered for a spot Solana ETF, whereas other crypto ETF issuers such as VanEck have.

Highlighted Crypto News Today:

Analysts Warn of Potential Price Correction Amid Bitcoin OI Surge

Bullish AKT price prediction for 2024 is $3.6740 to $8.2477.

Akash Network (AKT) price might reach $15 soon.

Bearish AKT price prediction for 2024 is $0.9207.

In this Akash Network (AKT) price prediction 2024, 2025-2030,  we will analyze the price patterns of AKT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS INTRODUCTION

Akash Network (AKT) Current Market Status

What is Akash Network (AKT)?

Akash Network (AKT) 24H Technicals

AKASH NETWORK (AKT) PRICE PREDICTION 2024

Akash Network (AKT) Support and Resistance Levels

Akash Network (AKT) Price Prediction 2024 — RVOL, MA, and RSI

Akash Network (AKT) Price Prediction 2024 — ADX, RVI

Comparison ofAKT with BTC, ETH

AKASH NETWORK (AKT) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ

Akash Network (AKT) Current Market Status

Current Price $2.58 24 – Hour Price Change 6.33% Down 24 – Hour Trading Volume $20,601,355 Market Cap $641,206,889 Circulating Supply 248,285,795 AKT All – Time High $8.08 (On Apr 07, 2021)   All – Time Low $0.1672 (On Nov 22, 2022)  

AKT Current Market Status (Source: CoinMarketCap) What is Akash Network (AKT) TICKER AKT BLOCKCHAIN Cosmos CATEGORY Cloud computing LAUNCHED ON September 2020 UTILITIES Governance, security, gas fees & rewards

Akash Network (AKT) is a decentralized cloud computing platform designed to disrupt the traditional cloud service industry. By utilizing blockchain technology, Akash Network creates a decentralized marketplace where users can buy and sell computing resources. This model aims to offer a more efficient, flexible, and cost-effective alternative to conventional cloud services provided by major players like AWS, Google Cloud, and Microsoft Azure.

The core of Akash Network’s operation is its open-source cloud network, which leverages underutilized server capacity from data centers around the world. This not only maximizes resource utilization but also reduces the cost of cloud computing services. The platform employs a proof-of-stake consensus mechanism to ensure network reliability, performance, and security. This mechanism incentivizes validators to maintain the integrity of the network by staking AKT tokens.

Akash Network 24H Technicals

(Source: TradingView)

Akash Network (AKT) Price Prediction 2024

Akash Network (AKT) ranks 100th on CoinMarketCap in terms of its market capitalization. The overview of the Akash Network price prediction for 2024 is explained below with a daily time frame.

AKT/USDT Ascending Triangle Pattern (Source: TradingView)

In the above chart, Akash Network (AKT) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows. 

If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.

At the time of analysis, the price of Akash Network (AKT) was recorded at $2.58. If the pattern trend continues, then the price of AKT might reach the resistance levels of $3.2679, and $4.7025. If the trend reverses, then the price of AKT may fall to the support of $2.5387, and $2.1684..

Akash Network (AKT) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Akash Network (AKT) in 2024.

AKT/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as the resistance and support levels of Akash Network (AKT) for 2024.

Resistance Level 1 $3.6740 Resistance Level 2 $8.2477 Support Level 1 $1.7420 Support Level 2 $0.9207

AKT Resistance & Support Levels

Akash Network (AKT) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Akash Network (AKT) are shown in the chart below.

AKT/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Akash Network (AKT) market in 2024.

INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $2.5969Price = $2.7326(50MA < Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 51.9116<30 = Oversold50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume

Akash Network (AKT) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Akash Network (AKT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

AKT/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Akash Network (AKT).

INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 37.6779 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 55.60<50 = Low>50 = High High Volatility

Comparison of AKT with BTC, ETH

Let us now compare the price movements of Akash Network (AKT) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs AKT Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of AKT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of AKT also increases or decreases respectively.

Akash Network (AKT) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Akash Network (AKT) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year  Bullish Price  Bearish Price Akash Network (AKT) Price Prediction 2025 $16 $0.9 Akash Network (AKT) Price Prediction 2026 $17 $0.8 Akash Network (AKT) Price Prediction 2027 $18 $0.6 Akash Network (AKT) Price Prediction 2028 $19 $0.4 Akash Network (AKT) Price Prediction 2029 $20 $0.2 Akash Network (AKT) Price Prediction 2030 $21 $0.08

Conclusion

If Akash Network (AKT) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Akash Network (AKT) price prediction for 2024 is $8.2477. Comparatively, the bearish Akash Network (AKT) price prediction for 2024 is $0.9207. 

If there is a positive elevation in the market momentum and investors’ sentiment, then Akash Network (AKT) might hit $15. Furthermore, with future upgrades and advancements in the Akash Network ecosystem, AKT might surpass its current all-time high (ATH) of $8.08 and mark its new ATH. 

FAQ

1. What is Akash Network (AKT)?

Akash Network (AKT) is a decentralized cloud computing platform designed to disrupt the traditional cloud service industry. 

2. Where can you buy Akash Network (AKT)?

Akash Network (AKT) has been listed on many crypto exchanges which include  Gate.io, Coinex, Kraken, Bitrue, and  Osmosis.

3. Will Akash Network (AKT) record a new ATH soon?

With the ongoing developments and upgrades within the Akash Network platform, Akash Network (AKT) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Akash Network (AKT)?

Akash Network (AKT) hit its current all-time high (ATH) of $8.08 on Apr 07, 2021.

5. What is the lowest price of Akash Network (AKT)?

According to CoinMarketCap, AKT hit its all-time low (ATL) of $0.1672 on Nov 22, 2022.

6. Will Akash Network (AKT) hit $15?

If Akash Network (AKT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $15 soon.

7. What will be the Akash Network (AKT) price by 2025?

Akash Network (AKT) price might reach $16 by 2025.

8. What will be the Akash Network (AKT) price by 2026?

Akash Network (AKT) price might reach $17 by 2026.

9. What will be the Akash Network (AKT) price by 2027?

Akash Network (AKT) price might reach $18 by 2027.

10. What will be the Akash Network (AKT) price by 2028?

Akash Network (AKT) price might reach $19 by 2028.

Top Crypto Predictions

Polygon (MATIC) Price Prediction 

Binance Coin (BNB) Price Prediction 

PancakeSwap (CAKE) Price Prediction

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Zug, Switzerland, October 2nd, 2024, Chainwire

Poland’s second-largest bank, Pekao S.A., used the Aleph Zero L1 blockchain to tokenize and preserve internationally renowned Polish artworks.

Bank Pekao, Aleph Zero, and Degen House are proud to announce the launch of Archiv3, a project to tokenize and preserve Polish cultural heritage on the Aleph Zero blockchain, with digital reproductions securely stored in the Arctic World Archive (AWA). This initiative combines blockchain technology with a commitment to cultural preservation, ensuring the safekeeping of Poland’s artistic legacy for future generations.

With Archiv3, Bank Pekao becomes the first universal bank to tokenize historical art specifically for preservation purposes. This initiative follows the bank’s earlier “Unique” project, marking its role in integrating blockchain technology with traditional banking. It also highlights the bank’s ongoing commitment to modernizing its services and expanding the reach of digital assets. Notably, Archiv3 is the first project to tokenize artworks for long-term storage in the Arctic World Archive, known as the “Doomsday Library.” In its press release, Bank Pekao pointed out that the deciding factor in using the Aleph Zero blockchain has been not only its speed and security but also its attention to optimizing for a low carbon footprint and its carbon offset program.

“We have chosen Aleph Zero for their privacy-focused, top-class technology combined with sound experience in cooperation with large institutions,” says Michał Walęczak, Director of the Private Banking Strategy and Development Department at Bank Pekao S.A. “Minimal carbon footprint as well as low storage costs were also important factors in our decision-making process. Tokenization of art requires modern and flexible technology, unforced creativity and some out-of-the-box thinking; these features we were happy to find in co-operation with Aleph Zero.”

ARCHIV3 involves the meticulous digitization of masterpieces from iconic Polish artists, such as Jan Matejko, Stanisław Wyspiański, Wojciech Kossak, and others, facilitated by Degen House, the bank’s technological partner, who also managed the Aleph Zero integration. The process began with the creation of high-quality, museum-grade 3D scans using ultra-sensitive cameras, which capture every detail of the original artworks. These digital replicas were then minted as NFTs on the eco-friendly Aleph Zero blockchain, which ensures minimal carbon footprint during the process. The tokenized versions are subsequently archived in the Arctic World Archive, where they are expected to remain secure for at least 1,000 years.

The artworks in the Archiv3 collection span a range of historical periods, primarily featuring 19th-century works and select modern pieces, such as those by contemporary artist Lia Kimura. This initiative aims to preserve these treasures not only for their cultural and historical significance but also as a resource for future study, conservation, and potential virtual exhibitions.

Preserving Art for Future Generations

The Arctic World Archive, located on the remote Svalbard archipelago, serves as a highly secure data vault designed to protect invaluable cultural, historical, and scientific information from natural disasters, cyber threats, and other risks. Established in 2017, the archive uses advanced storage technology to ensure data longevity without the need for electricity or human intervention, making it one of the safest places in the world for preserving irreplaceable records.

The AWA already houses manuscripts from the Vatican Library, documentation from UNESCO and UNICEF, the entire GitHub code repository, as well as literary works by Nobel Prize laureates Olga Tokarczuk and Wisława Szymborska. Bank Pekao is the first financial institution to archive culturally significant artworks at the AWA, while doing the same using decentralized storage, setting a precedent for how blockchain technology can be used to bridge traditional art with new digital solutions.

For any enquiries about this release, please contact josh@serotonin.co 

About Aleph Zero

Aleph Zero is a privacy-first ecosystem of blockchain solutions that are engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via zero knowledge proofs, and offers a comprehensive toolset for development across web3 that ranges from WASM-based Rust to EVM-based Solidity environments. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero ecosystem development programs.

For more information, users can visit https://alephzero.org/ 

About Bank Pekao S.A. 

Bank Pekao S.A., founded in 1929, is one of the largest financial institutions in the Central and Eastern European region and the second-largest universal bank in Poland with assets of 316 billion PLN. With the second largest branch network, Bank Pekao serves 6.9 million customers. As a leading corporate bank in Poland, it serves every second corporation in Poland. Its status as a universal bank is based on its leading market position in private banking, asset management, and brokerage activities. Bank Pekao’s diversified business profile is supported by a leading market balance sheet and risk profile reflected in the lowest risk costs, strong capital ratios, and resilience to macroeconomic conditions (Pekao proved to be the most resilient bank in Europe, ranking first in the stress tests conducted by the EBA in 2023 amongst 70 banks). Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and participates in several local (including WIG 20 and WIG) and international indices (including MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is one of the most dividend-paying listed companies in Poland over the past 10 years, paying out a total of approx. 20 billion PLN over a decade.

About Degen House

Degen House is a full-stack blockchain solutions provider with a proven track record of collaborations spanning major CEE banks and top global blockchain ecosystems. The company offers comprehensive end-to-end solutions, from strategic consulting and product development to targeted marketing and sales.

Contact

PR ManagerJosh AdamsAleph Zerojosh@serotonin.co