🤗🤗The crypto market encountered a setback yesterday as Bitcoin (BTCUSD) fell short in its attempt to reach $70,000. Despite this, several other cryptos managed to maintain their positions on the list of altcoins trending today.😘😘
Among these, some coins showcased solid performance, while others trended for different reasons despite not delivering strong results. As of today, October 22, the top three trending altcoins on CoinGecko are Scroll (SCR), Solidus Ai Tech (AITECH), and KOALA AI (KOKO).
SCROLL (SCR)
Scroll tops the list of altcoins trending today due to its native token, SCR. On Monday, October 21, Scroll, a leading zero knowledge rollup built on Ethereum, announced the launch of SCR. According to its official statement, the launch also comes with an airdrop for contributors and its community.🤗🤗
For example, a pseudonymous user with the handle Picolas Cage noted that this allocation means that the project has lost a six-figure DeFi user.
Meanwhile, as seen above, SCR launched at approximately $1.70.📈📈 However, its value has dropped in the last 24 hours and is currently trading at $1.24. In addition, it might be too early to predict SCR’s next price movement, as it seems to still be in price discovery mode.
SOLIDUS AI TECH (AITECH)
This is the third time AITECH is on BeInCrypto’s trending altcoins list. This time, the price did not increase as it has seen a modest 3% decline in 24 hours. However, it remains on this list due to the broader market interest in the project
On the daily chart, the Relative Strength Index (RSI) has dropped below the 50.00 neutral region. This suggests that the momentum around the token is bearish, and the recent downturn can accelerate.💯💯
If that remains the same, then SCR’s price might retrace to$0.080 from $0.094, where it currently stands. However, if buying pressure increases, the prediction might invalidated, and the trending altcoin’s value might jump to $0.12.🎯🎯
KOALA AI (KOKO)
KOALA AI is another altcoin that has previously appeared on this list. Like the previous time, KOKO is trending because of its massive price increase.
Over the last 24 hours, KOKO’s price has increased by 125% and currently sits at $0.0000067. 🥰🥰Based on the daily chart, the Bollinger Bands (BB) has expanded, indicating a high level of volatility around the cryptocurrency.
However, the upper band of BB has touched KOKO’s price, indicating that it is overbought and a decline looms. Assuming the lower band tapped the price, it would have been termed oversold. ✅✅
Considering this current condition, the altcoin’s value might drop by 20% to $0.0000055. On the other hand, if bulls continue to buy the token, it might sustain the uptrend and could rally to $0.0000084.
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

📶📶Solana (SOLUSD)price is up today, buoyed by a modest recovery in the broader cryptocurrency market. SOL’s rebound follows Bitcoin’s (BTCUSD) recovery to 2021 record highs as a number of technical and onchain indicators hint at more gains ahead.

Data from some sources revealed that SOL’s price was $169, up more than 6% in the last 24 hours and 41% from its local low of around $120, established on Sept. 6.🎗🎗
(SOLUSD) has performed well over the last few days, rising more than 14% over the last week and up 66% year-to-date. Its market capitalization is $79.5 billion, making it the fifth-largest crypto by market value.
Let’s look at the factors driving Solana price up today.
SOLANA TVL REACHES 30-MONTH HIGH
Some data shows Solana’s total value locked (TVL) increased to $6.4 billion on Oct. 21. The last time the TVL on Solana reached $2 billion was in January 2022.💎💎
In the shorter timeframe, Solana’s TVL has increased by over 24.7% over the last 30 days, beating other top layer-1 protocols such as Ethereum and BNB Chain (BNB), which have seen 4% and 2% increases, respectively.
The rising TVL reflects traders’ interest in Solana’s DeFi ecosystem and shows Solana continuing to attract new users because of its lower traction costs, particularly those seeking to launch new projects.📶📶
Data from Solscan shows that Solana’s fees remain consistently low, at an average of 0.000091 SOL (~$0.015). This is considerably lower than transaction fees on Ethereum, which currently stand at an average of $0.5286.
MEMECOIN HYPE IS RETURNING
Data released by the Solana Foundation earlier this year revealed that the Solana network has a robust developer community, with over 2,500 active monthly developers, highlighting its appeal as a blockchain ecosystem.
Data from Electric Capital’s blockchain development tracker, Developer Report, corroborates this. It shows that as of July 1, 2024, Solana’s developer count was 2,856, rising from a low of 2,479 on Jan. 1, 2024. This suggests that Solana’s developer count has been rising throughout 2024, reaching an 18-month high of 3,391 in April. ✍️✍️
This significant increase in Solana developer community activity was driven by an uptick in the development of new memecoins. At the time of writing, there are more than 610 memecoins built on Solana. 💎💎
Notably, Solana’s rally on Oct. 14 coincides with an ongoing recovery in the prices of memecoins on its network. Most are posting double-digit daily gains.
This rise in the prices of memecoins accompanies a surge in onchain activity within the Solana ecosystem, which increases demand and, eventually, the price of SOL.🥰🥰
SOL PRICE INVERSE H&S PATTERN POINTS TO A BREAKOUT
SOL’s price is trading above the neckline of what appears to be an inverse head-and-shoulders (IHS) pattern.
The (IHS) pattern is a bullish reversal technical setup that forms after an extended downtrend. It comprises a head, a left shoulder and a right shoulder that are upside down and placed below a neckline. 📈📈

The pattern typically resolves after the price rallies above the neckline, indicating that the downtrend has completely reversed.
🥰🥰SOL rose above the neckline at $163 on Oct. 20, flipping the level into support. If the price holds above the neckline, it will suggest the bulls’ ability to sustain higher levels.
That will increase the odds of a break above $180. A decisive daily candlestick close above $180 could lead the (SOLUSD)pair toward the technical target of the pattern at $207, representing a 24% uptick from the current price.🎗🎗
Additionally, the relative strength index remains elevated at 66, validating the market’s buyers’ dominance. The simple moving averages now-positioned below the spot price suggest that SOL sits on relatively robust support, adding credence to the bullish outlook.
NOT A FINANCIAL ADVICE (DYOR) ✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

The altcoin risks falling by double digits in the near term if demand remains low. This analysis explains why. 🥈🥈
TONCOIN INVESTORS STAY AWAY
Toncoin’s market value to realized value (MVRV) ratio, which measures the overall profitability of all its holders, shows that the altcoin has been undervalued in recent weeks. As of this writing, the token’s 30-day and 90-day MVRV ratios are -0.26% and -5.38%, respectively.
Negative MVRV ratios historically represent a buying signal. They signal that the asset is being traded below its historical acquisition cost and may be due for a rebound. However, this has not been enough motivation for Toncoin investors to accumulate the token. 😘😘
Over the past week, Toncoin’s large holders’ netflow has plummeted by 115% despite a 1% uptick in its price. Large holders, or addresses holding over 0.1% of an asset’s circulating supply, are critical indicators of market trends. Their netflow, the difference between what they buy and sell over a set period, can offer insight into market sentiment.💯💯
When an asset’s large holder netflow declines, it indicates that whales are offloading their holdings — a bearish signal that suggests selling pressure and the potential for a price drop.
Toncoin’s short-term holders (STHs) have also reduced their holding time, amplifying the risk of a downturn. According to IntoTheBlock, their holding period has decreased by 7% over the last month.✅✅

STHs, who typically hold assets for less than 30 days, may sell when seeking to lock in profits or avoid losses from a predicted price drop. A reduction in STH holdings often signals decreased demand, adding further downward pressure on the asset’s price.🤗🤗
TON PRICE PREDICTION: DOUBLE-DIGIT PRICE DECLINE IMMINENT
Currently, Toncoin is trading at $5.33, just shy of the $5.35 resistance level. If its whales and STHs continue reducing their positions, a breakout above this resistance will likely be out of reach.
🎗🎗Failure to surpass this level could trigger a 17% drop, bringing Toncoin’s price down to $4.44, a price last seen on September 6.
On the other hand, if market sentiment improves and demand for Toncoin rises, it could break through the $5.35 resistance and rally toward $6.81.
NOT A FINANCIAL ADVICE (DYOR) ✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

The biggest cryptocurrencies were fluctuating to start the new week while Bernstein analysts said investors are "leaning bullish" with about two weeks to go until the US presidential election.💯💯
Bitcoin slipped about 0.1% over the past 24 hours to $68,331, but was still up more than 5% over the past seven days. Ethereum (ETH) rose 2.3% in the past day to trade at $2,709.
The total global crypto market cap was up 0.6% to $2.33 trillion. The CoinDesk Market Index was also up 0.6%.🎯🎯
"With US elections around the corner, and bitcoin (again) attempting to break out to all-time-highs, we believe the market is leaning bullish, Bernstein analysts wrote in a note to clients. "We would recommend investors to seek bitcoin long exposure via ETFs or bitcoin-related equities we cover," they said.

📈📈Bitcoin exchange-traded funds have seen six consecutive days of net positive inflows through Friday, according to data compiled by Farside Investors. Last week, investors added more than $2.13 billion. Ethereum ETFs posted a total of net $78.8 million of inflows last week.
The Federal Reserve's Beige Book is set for release on Wednesday at 2 pm ET. The qualitative summary of economic conditions gathered by each of the Fed districts will include the time periods after hurricanes Helene and Milton.🎗🎗
September existing home sales data is slated for Wednesday at 10 am and new home sales data is due at the same time on Thursday.✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

📶📶Arbitrum is set to bring back ArbiVerse to Devcon in Bangkok. The event is scheduled for Wednesday, November 13 allowing attendees to connect with builders shaping the future of Arbitrum and beyond.🥰
ARB INFO
Arbitrum is a layer 2 scaling solution designed for the Ethereum network. Its goal is to increase the scalability of Ethereum while preserving its decentralization and security.✅✅
Arbitrum operates by batching many transactions together off-chain and then submitting a single, combined proof of all these transactions to the Ethereum base layer. This greatly reduces the amount of computation and storage that the Ethereum network has to handle, allowing it to support a much higher throughput of transactions.🎗🎗

😎😎The surge in meme coins significantly contributed to Tron’s record revenue of $151.2 million in Q3 2024.

According to a report by Messari, the latest figure marks a 29% increase from the previous quarter. This growth can be largely attributed to the launch of SunPump, a platform designed specifically for launching meme coins.
Activity on SunPump started to surge on August 16 and escalated dramatically in the following two weeks. 😘😘Between August 16 and August 31, Messari estimated that more than 270.3 million TRX (approximately $42 million) was burned, representing nearly 27% of Tron’s revenue for Q3. Notably, on August 21, the amount of TRX burned reached 34.7 million, which marked the highest daily total in Tron’s history.
The heightened activity surrounding meme coins not only boosted Tron’s revenue in USD but also led to a 6% increase in revenue in TRX to 1.05 billion.Boost for Tron’s DeFi Activity.
The average daily decentralized exchange (DEX) volume surged by 150%, its highest since 2022, as a result of the launch of SunPump. 🥈🥈Messari said that SunPump’sinfluenceis particularly noticeable in the rise of volume transacted via SUN V2, which features liquidity pools for bonded meme coins linked to the platform.
In the third quarter, the average daily trading volume on SUN V2 shot up by 982% compared to the previous quarter, jumping from $2.6 million to $27.9 million.

“Essentially all DEX volumes on TRON occur on SUN. In June 2023, SUN introduced a concentrated liquidity (CL) AMM to its product suite (SunSwap V3). Q1’24 marked the first time since SunSwap V3’s introduction that the majority of volume on SUN was routed through the V3 AMM.🎗🎗
Despite the rise in volumes on SUN V2 from meme coins, this trend continued in Q3, with SUN V3 accounting for 51% of all volume on TRON (average daily of $33.3 million).”Stablecoin Usage on Tron Remains Strong
🎗🎗The stablecoin market cap on Tron has been consistently rising throughout the past year, with Q3 continuing this trend. There was a 3% increase in stablecoin market cap quarter-over-quarter, climbing from $58.02 billion to $59.97 billion.
USDT makes up the overwhelming majority of stablecoins on the network, holding steady at a 98% market share. At the end of the quarter, USDT’s market cap on Tron was $58.94 billion, which is a 3% increase from $57.06 billion. To top that, approximately 51% of all circulating USDT is on Tron, reflecting a 3% decline from the last quarter.📈📈
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥
#TRON! #MemeCoinTrending #TeslaTransferBTC

Multiple market watchers suggest that memecoin sensation Popcat (POPCAT) is about to rally towards a new all-time high (ATH).💯💯 As the token attempts to reclaim key resistance levels, some analysts warn the cat-themed memecoin could see a correction soon toward its monthly opening.
POPCAT RETEST $1.4 RESISTANCE LEVEL
Memecoin sensation Popcat has been one of the best-performing cryptocurrencies over the past three months. Despite the market retraces, the token outperformed most cryptocurrencies, becoming the first cat-themed memecoin to achieve a $1 billion market capitalization.

✅✅In the last 30 days, Popcat has seen a 108% surge, hitting three new ATHs since breaking the $1 barrier. After reaching its latest ATH of $1.56 a week ago, the cryptocurrency has been on a 7-day downtrend.
The memecoin unsuccessfully attempted to break above the trendline earlier this week, facing a correction toward the $1.2 support level. Popcat bounced 16.6% from this zone on Thursday, propelling the token’s surge toward the $1.3 resistance level.🤗
On the last day, the cryptocurrency retested the trendline twice after surpassing the $1.4 mark. A successful reclaim of this zone could propel the price toward a new ATH.😘😘
A market watcher considers that if Bitcoin’s price holds, Popcat should successfully break this level by next week. It’s worth noting that the cat-themed token followed BTC’s lead on Friday morning, surging 2.4% as the flagship cryptocurrency neared the $69,000 mark.
IS A CORRECTION LOOMING?
📈📈Crypto analyst Sanchez noted that the memecoin’s price was “running flat” in the four-chart on Friday morning. To the analyst, the cat-themed token’s performance “looked good” for another leg up but suggested the possibility of another correction ahead of the breakout.
A drop from the $1.3 mark could send Popcat’s price toward the $1.1-$1.0 mark. Trader Crypto Tony suggested that the cryptocurrency could see a retest of the monthly opening of around $1.01 in case of a rejection.🎗🎗
Despite the correction forecast, the memecoin has seen a 7% increase in the last 24 hours, trading 8.7% below its ATH. Popcat reclaimed the $1.3 mark and is attempting to confirm the breakout and regain the $1.4 resistance level.
🎯🎯Analyst CryptoGodJohn stated that the cryptocurrency “looks like it wants new ATHs and beyond this weekend” following its recent performance. Additionally, crypto trader Bluntz noted that Popcat’s price could achieve a 30% surge toward a new all-time high.
To Bluntz, a rise toward the $1.7 mark might be coming short-term after “getting real close to a biddable level” this week, but “would like to see one more sweep.”🤗🤗
As of this writing, Popcat trades at $1.41, an 8.3% surge in the weekly timeframe.
NOT A FINANCIAL ADVICE (DYOR) ✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

📶📶Altcoin season might be closer than we think. The Altcoin Season Index has dropped to its lowest level since early September, signaling a potential shift.

If momentum picks up and key resistance levels are broken, altcoins could be primed for a powerful rally. Investors are watching closely, anticipating a rebound that could ignite significant gains across the altcoin market.
ALTCOIN SEASON INDEX IS READY FOR A REBOUND
A chart by Alphractal indicates that the Altcoin Season could be approaching soon. According to the Altcoin Season Index vs Bitcoin price, the Altcoin index has reached its lowest value since early September.😎
The Altcoin Season Index measures the percentage of altcoins outperforming BTC, and it’s currently signaling an interesting shift.
During September, a clear pattern emerged: whenever Bitcoin’s price rallied, the Altcoin Season Index also rose. ✍️✍️However, in recent days, BTC’s price has surged from roughly $60,000 to $68,000, while the Altcoin Season Index has fallen below 10%. This suggests that, despite Bitcoin’s strong rally, altcoins are lagging behind, creating the potential for a significant rebound.
In mid-September, a similar scenario led to the Altcoin Season Index jumping from below 5% to over 90% in just a few days. This could be an opportunity for altcoins to make a strong comeback.🤗🤗
MEMES AND AI ARE THE LEADING NARRATIVES
Two of the most important narratives for altcoins are currently the leading narratives in the market in terms of mindshare: AI and memes. Memes lead with 32%, while AI is at 21.84%. Other significant narratives for the Altcoin season include GameFi and DeFi, with 11.39% and 7.52%, respectively.
The interest in AI and memes indicates that traders are looking for culturally resonant coins that can generate community enthusiasm and viral growth. GameFi and DeFi, though not as dominant, still represent a vital part of the altcoin ecosystem.😘😘
If these categories are gaining more mindshare than ETFs, for example, it indicates that investors are more inclined towards altcoins rather than other crypto assets like BTC and ETH. Investors appear to be seeking out opportunities beyond the traditional giants of BTC and ETH, favoring the unique characteristics and potential of specialized altcoin projects.📶📶

The rising popularity of these narratives could signal that the market is in a phase of exploration and experimentation. The promise of high returns and groundbreaking applications is driving investor enthusiasm towards altcoins.🥰✅
ALTCOIN SEASON DEPENDS ON THIS METRIC
The crypto total market cap, excluding BTC and ETH, is currently at $620 billion, down from $777 billion in April, which was its year-high level. 🥈🥈This decline indicates a contraction in the altcoin market but also opens up possibilities for a reversal. The total market cap is likely to test the resistance at $644 billion, a level it failed to surpass between September 28 and September 30.📈📈
Breaking through this resistance could be the spark needed to trigger a new altcoin rally. That would potentially mark the beginning of the altcoin season. Such a scenario would likely bring renewed interest and momentum to altcoins.
🎗🎗If this resistance is broken, the crypto market, excluding BTC and ETH, could see a significant rally, testing market caps around $660 billion, $709 billion, and even $740 billion. This represents a potential 20% increase from current levels, highlighting the volatility and opportunity in the altcoin sector.
The market’s ability to break through these resistance levels would signal a broader shift in sentiment. 🥰🥰This would draw more investors into altcoins and set the stage for a powerful rally. This kind of momentum could fuel a more sustained altcoin season, with various projects seeing substantial gains as investors seek opportunities beyond BTC and ETH.
NOT A FINANCIAL ADVICE (DYOR) ✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

📶📶Over the past week, blue-chip assets like Bitcoin (BTC) and Ethereum (ETH), have been major topics of discussion in the cryptocurrency space — and rightfully so — after a strong positive performance week. Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have also enjoyed a fair share of the attention in the last seven days.📶📶

According to the latest on-chain data, these asset classes have been topping the social charts in the past few days, with the majority of the crypto crowd talking about them, especially after price rallies. Here’s how the rising social sentiment can impact the prices of Dogecoin and Shiba Inu.
WILL FOMO SUSTAIN THE MEME COIN RALLY?
✍️✍️In a recent post, Santiment shared that large-cap meme tokens have been drawing a great deal of social media attention in the past few days. According to the blockchain analytics firm, top meme coins like Dogecoin and Shiba Inu are seeing their most crowd discussion since May.
This on-chain observation is based on the Santiment Social Dominance metric, which reflects the share of the discussions in crypto media referring to a particular asset or phrase. Santiment said in the post. ✅✅
Indeed, this positive shift in investor sentiment might signal renewed faith in the meme coin market. However, the increasing crowd hype is often a warning sign of a potential price top, as rising FOMO (fear of missing out) can dampen the momentum of developing price rallies.💯💯
Fear of missing out, commonly called FOMO, is a phenomenon where investors hastily purchase assets in high demand out of fear of forfeiting potential gains. 🎗🎗While FOMO has been known to drive a coin to a higher value in the short term, excessive FOMO often leads to unsustainable upward trends and subsequent corrections.
Furthermore, crypto prices historically tend to move in the opposite direction of the crowd.📈📈 Hence, if the crypto crowd is paying this much attention to top meme coins, investors might want to approach the market with caution.
🥈🥈Interestingly, Santiment pinpointed top Layer 2 tokens, including Arbitrum and Optimism, as potentially lucrative investment alternatives due to their extremely low social dominance. “Speculative coins can certainly still pump a bit longer, but historical data shows that it pays to go where the crowd isn’t looking,” the on-chain firm added.🎯🎯
DOGECOIN PRICE AT A GLANCE
As of this writing, the price of Dogecoin has broken above the $0.14 level, reflecting an almost 6% increase in the past day.
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

The US Securities and Exchange Commission (SEC) has granted accelerated approval to 11 exchange-traded funds (ETFs) for listing and trading options tied to spot Bitcoin prices on the New York Stock Exchange.
This decision follows a regulatory filing made public. In January, the SEC had approved Bitcoin ETFs to track the cryptocurrency’s value, marking a significant development for Bitcoin and the broader cryptocurrency market.💯💯
BITCOIN ETFS OFFER HEDGING OPTIONS
The approved funds include the Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Grayscale Bitcoin Trust BTC, and iShares Bitcoin Trust ETF.📶📶 These options will provide institutional investors and traders with an alternative way to hedge their exposure to Bitcoin.
Options are derivatives that allow the holder to buy or sell an asset, such as stocks or ETFs, at a predetermined price by a specific date. The SEC also recently approved options trading for BlackRock’s Bitcoin ETF.🤗🤗
BITCOIN ETFS ACHIEVE SIGNIFICANT INFLOWS
🎗🎗In June, Finance Magnates reported that on their first day of trading, the Bitcoin ETFs experienced over $4 billion in inflows, setting a record for any ETF debut. Many individual funds continued to break records in the following weeks and months.
In the past 30 years, 5,535 ETFs have been launched, with the performance of the Bitcoin ETFs surpassing that of others. Within a month, Fidelity’s FBTC accumulated nearly $3.5 billion in assets under management, while BlackRock’s IBIT attracted over $4 billion.🎯🎯
In contrast, the first gold ETF gathered $1.2 billion in its first month, and BlackRock’s Climate Conscious Fund, launched in August 2023, previously held the record for fastest inflows, reaching $2.2 billion in its initial month.
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

😘😘Real-world asset tokenization platform Ondo Finance's governance token (ONDO) spiked 8% on Friday following a report about asset manager BlackRock's push to list its tokenized money market fund BUIDL as collateral on major derivatives exchanges.
According to Bloomberg's report, BlackRock and issuance partner Securitize are in early talks with crypto exchange giants including Binance, Deribit and OKX to accept BUIDL as margin for trading derivatives.🥈🥈

Ondo's token jumped to 79 cents immediately after the report, advancing 8% in an hour before paring some of the gains. It's price was still up nearly 9% over the past 24 hours, outperforming the broad-market CoinDesk 20 Index's 2.2% daily gain.
While it is not clear how the development would impact the Ondo platform, its governance token has been a favored proxy play among crypto traders for BlackRock's tokenization push, moving abruptly on news related to the asset management giant.🎗🎗
Notably, the token jumped as much as 20% when CoinDesk reported that BlackRock filed paperwork with Securitize to create the BUIDL offering.📶📶 The token also moved when Ondo started to use BUIDL as the backing asset of its own retail-focused money market fund token (OUSG) to offer instant redemptions and conversions for Circle's USDC stablecoin.
TOKENIZED COLLATERAL PUSH
🎯🎯BUIDL is the largest tokenized offering on the market with over $550 million of assets. Its price is fixed at $1 and offers money market yield to investors without leaving blockchain rails. It's offered to institutional investors and other protocols to invest or use it as reserve asset, with a minimum investment limit of $5 million.
Tokenized U.S. Treasuries, backed by short-term government bonds, have grown to a $2.3 billion asset class within crypto assets, tripling in size in a year. Funds, businesses and protocols using them as a vehicle to park their on-chain cash and earn yield fueled the growth. The next frontier for growth might be getting accepted as on-chain collateral asset.🤗🤗
The allure of using these tokens as collateral is that it allows traders to keep earning a yield while using them for margin for a trade, as opposed to posting stablecoins for collateral.💯💯 Hashnote's $320 million USYC money market fund token got listed on Deribit as cross-margin collateral option earlier this month. Institutional trading services FalconX and Hidden Road already accept BUIDL as collateral asset.🎯🎯
State Street sees significant potential in tokenized collateral asset in traditional finance, too. Donna Milrod, the bank's chief product officer, said in an interview this month that collateral tokens could help mitigate liquidity stress during financial crises, for example allowing pension funds to post money market tokens for margin calls without selling underlying assets to raise cash.✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

Following its price increase of more than 12% in the past week to roughly $71.50 on October 16, Litecoin (LTC) is attracting more and more interest. The action followed growing buzz about a planned Litecoin exchange-traded fund (ETF) proposal by Canary Capital Group.🥰🥰
Investors are excited, since this ETF may provide a more direct method for investing in Litecoin, allowing both individual and institutional participants to access the market.
The S-1 registration statement for the proposed ETF was filed on October 15, requesting permission from US regulators.🎯🎯
Numerous individuals regard this as a transformative development. Approval might help legitimize Litecoin and facilitate further institutional investment.
ANALYTICAL OPTIMISM
Meanwhile, Litecoin’s future prospects are bullish among cryptocurrency analysts. While it has lagged recently, being some 80% below its all-time peak of $413.65 reached in May 2021, several analysts argue that the ETF might initiate a new bull cycle.😎

Analyst 28 Crypto believes this ETF, combined with a suitable technical setup on the LTC/USD monthly chart, leads to a large jump in price. 🤗🤗Actually, the chart shows that for many years, the LTC has traded within the upward channel while often being a signal for a possible break-out.
28 Crypto hints that, from the current price perspective, a price upwards of $7,000 could well be within striking distance with long-term projections even going well to the vaunted $10,000 level.🎯🎯
He posits that the price may approach the June resistance level of approximately $88, presenting a robust entry opportunity for investors.✅
LITECOIN: TRADERS STRATEGIZE FOR PROFITS
💵💵The excitement extends beyond analysts. The open interest in the Litecoin futures market has surged to its highest point in three months, amounting to $258.94 million as of October 16. This surge signifies that traders are preparing for additional price rises, demonstrating robust bullish momentum in the market.📈📈
Despite concerns like Litecoin’s ETF’s regulatory issues, sentiment is positive. According to ETF specialist James Seyffart, Litecoin has regulatory similarities to Bitcoin but may face liquidity issues in the US futures market and policy changes.🥈🥈
On the other hand, Steven McClurg, Canary’s CEO, shows hope in LTC’s dependability and uses inside the crypto ecosystem. 🥰🥰Approved, this ETF might make LTC as the third cryptocurrency with an ETF despite its somewhat small market value of $5 billion.
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

MKR, the governance token of the leading stablecoin lender MakerDAO, has experienced a sharp decline in recent weeks. It currently trades at $1,206, noting an 11% price drop over the past week.🎗🎗
The altcoin now trades at its lowest price since September 2023. If the downward trend continues, MKR’s price could fall below $1,000 for the first time since 2023. This analysis explains why.💎💎
MAKER HOLDERS MAY BE IN TROUBLE
Since August, MKR has traded below its Ichimoku Cloud. This indicator tracks the momentum of its market trends and identifies potential support/resistance levels. 🎯🎯

When an asset’s price falls below it, it signals a shift from a bullish to a bearish trend. If the price consistently stays beneath this cloud, it strengthens the downtrend. It suggests that a recovery above the cloud may be challenging unless driven by a significant increase in new demand.🎗🎗
However, such new demand has been lacking in the MKR market for several weeks, as evidenced by its plummeting Chaikin Money Flow (CMF). This indicator, which measures how money flows into and out of an asset, is at -0.40, MKR’s lowest since August 2022.
When an asset’s CMF drops along with its price, it indicates weakening buying pressure and growing selling momentum. 📈📈This alignment between price decline and a falling CMF reinforces the bearish outlook in the market. It signals that capital is flowing out of the asset, making a recovery less likely without a shift in market sentiment.✅📈
MKR PRICE PREDICTION: SENTIMENT HAS TO SHIFT
As of this writing, MKR is trading at $1,206. Based on readings from the altcoin’s Fibonacci Retracement tool, with the increasing selling pressure, MKR’s price could fall toward $511, marking its lowest level since May 2023.🤗🤗
However, this downward projection could be invalidated if market sentiment shifts from bearish to bullish. 💯💯In that case, MKR’s price may attempt to break through the resistance levels formed by its Ichimoku Cloud at $1,954 and $2,632. A successful breakout could set the stage for a potential rally toward a six-month high of $4,118.
NOT A FINANCIAL ADVICE (DYOR) ✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

A shift in macroeconomic policies around the world, particularly interest rate cuts and an increase in global liquidity, is expected to drive Bitcoin (BTCUSD) prices higher in the coming months, according to long-time Bitcoin advocate Anthony Pompliano.
📈📈Pompliano believes that the US Federal Reserve’s 50 basis-point interest rate cut on Sept. 18, along with rising global liquidity, marks the beginning of a new trend that will benefit both cryptocurrencies and the stock market.
“They are going to bring interest rates down over the next 12 to 18 months, and that is going to serve as a tailwind for all investable assets,” he said.
He argues that the combination of lower rates and more liquidity will provide strong support for Bitcoin’s growth.🎗🎗

In Pompliano’s view, this upward trend is expected to continue regardless of the outcome of the upcoming presidential election in early November, where Donald Trump and Kamala Harris are currently neck and neck in the polls. 🥈🥈
💯💯As Pompliano pointed out, the stock market has generally risen under every administration, except during George W. Bush’s presidency, which was impacted by the 2008 global financial crisis.
“Every single president, both Republican and Democrat, has overseen an upmarket in the stocks. Why is that? It’s because we devalue the dollar,” he explained.✅✅
To hear more about Pompliano’s outlook on the markets, check out the full interview on our channel—and don’t forget to subscribe!
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥

BONK price has recently seen a significant breakout from a five-month-old descending wedge pattern. Typically considered bullish, this pattern signals a potential surge in the cryptocurrency’s price. 📈📈
The meme coin market has been flourishing lately, and this could be BONK’s opportunity to push towards its previous all-time high.
BONK TRADERS ARE BULLISH
📶📶The market sentiment around BONK has recently shifted positively, as evidenced by a notable increase in Open Interest (OI). OI saw a 24% jump in the last 24 hours, climbing from $8 million to $10.19 million. This increase reflects renewed interest from traders who are returning to the market, potentially preparing for a significant rally.
Despite some previous bearish sentiment in the market, BONK’s recent rise in OI shows that traders are once again optimistic about the meme coin’s potential.💯💯
The overall macro momentum for BONK is also leaning bullish, supported by key technical indicators. 🥈🥈Indicator Moving Average Convergence Divergence (MACD) has returned to bullish territory after a brief period of bearishness. This shift in momentum is critical for BONK, as it aligns with the broader bullish trend seen across meme coins in the cryptocurrency market.
Additionally, the broader market’s bullishness has provided a tailwind for BONK, enabling it to regain lost ground. As long as these macro trends persist, BONK has a strong chance of continuing its upward trajectory, although traders must remain cautious of potential volatility.🎯🎯
BONK Price Prediction: Finding Support
BONK is currently experiencing a breakout from its descending wedge pattern, which signals a potential 92% rally. The meme coin has its sights set on $0.00004352, just shy of its all-time high of $0.00004800. 🎗🎗
However, for BONK to reach this level, it must first break through the crucial resistance at $0.00002748 and turn it into support. Achieving this would mark a multi-month high and potentially pave the way for further gains.
📶📶At the same time, it is important to note that BONK has struggled to break past $0.00002748 in previous attempts. If it fails again, consolidation under this level is likely, with $0.00002153 serving as the next significant support. This could invalidate the bullish outlook and keep the meme coin in a sideways trading range.
NOT A FINANCIAL ADVICE (DYOR) ✅✅
DON'T FORGET TO FOLLOW ME FOR FUTURES TRADING SIGNALS🔥🔥🔥