*Top 3 Altcoins to Watch Before Crypto Prices Surge in November*$SUI
$MKR
As Bitcoin breaks above $70,000, altcoins are poised for potential rallies. Consider accumulating:

1. *SUI*: Impressive rallies, 200%+ price increase between January-March, and 400%+ spike between August-mid-October. Faster transaction speed than Solana, with lower market cap.

2. *ENQAI*: Artificial intelligence program with uncensored, unbiased AI models. Strong technical analysis, 600%+ price spike in September, and recovering from support level.

3. *MKR (Maker)*: Governance token of MakerDAO and Maker Protocol. 200% rally in early 2024, correlated with Bitcoin's direction. Potential breakout toward $2,000.

*Key Considerations:*

- High-risk investment; only invest what you can afford to lose.
- Research and due diligence essential.
- Diversification crucial.
- Market volatility expected.

*Stay Informed:*

1. Monitor crypto market trends and analysis.
2. Follow expert insights and news.
3. Adjust investment strategies accordingly.

*Resources:*

1. CaptainAltcoin
2. CoinMarketCap
3. Binance Square
4. eToro (user-friendly platform and mobile app)

*Disclaimer:*

Investing in cryptocurrencies carries risks. This article is for informational purposes only and should not be considered financial advice.

Would you like more information on these altcoins or other investment opportunities?#SUI🔥 #SuiFundamentalUsedCase #MKR📈 #BinanceBlockchainWeek #16thBTCWhitePaperAnniv

#MKR📈

1. Technical Indicators Analysis
Current Price: $1,285
Moving Averages:
MA(60) at $1,273, indicating the price is above this longer-term trend line, suggesting bullish momentum.
Short-term moving averages (MA(5) and MA(10)) are also rising, reinforcing the upward trend.
MACD:
The MACD line is close to the zero line, suggesting a potential crossover. A crossover above zero indicates a bullish trend continuation, while a crossover below would signal weakness.
Volume: Increasing volume alongside price movement indicates strong buying pressure.
2. Long and Short Trading Strategies
Long Trade
Entry Point: Consider entering around $1,280–$1,285 if the price remains above the MA(60) with strong buying volume.
Take Profit (TP): $1,315 (first target), $1,350 (second target).
Stop Loss (SL): Place the SL at $1,260, below the MA(60), to protect against a potential reversal.
Short Trade
Entry Point: Enter a short if the price closes below $1,270 with a decrease in volume, signaling bearish momentum.
Take Profit (TP): $1,250 (first target), $1,220 (second target).
Stop Loss (SL): Set an SL around $1,295 to limit risk if the price resumes an upward trend.
3. Trade Duration
Given the current setup, this trade could span a few hours to a day, depending on market conditions and volume changes.
4. Contingency Plans (Plan A, B, C, D)
Plan A: Long Trade Adjustment
If the price approaches $1,270 (near the SL) but doesn’t break below it, hold the trade and observe for a possible rebound near the MA(60).
Plan B: Short Trade Adjustment
If the price nears $1,295 (short SL) but lacks momentum, watch for a potential double-top pattern or resistance rejection at that level. If it consolidates below $1,285 again, consider re-entering short with a tight SL.
Plan C: Exiting on False Signal
If either long or short trades trigger the SL due to a spike but then reverse back in your favor, re-enter with confirmation (e.g., price closing above MA(60) for long, below MA(60) for short).
Plan D: No Clear Direction
If price remains between $1,270 and $1,295 without a decisive breakout, avoid taking any new positions. Wait for a clear trend direction to emerge and re-evaluate your entry points.
This analysis provides a strategy based on the current chart and indicators. Ensure to monitor for any fundamental news or sudden changes in volume, as these can affect price movements significantly.
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$MKR

(Tuesday 13 August 2024, 02:48 PM GMT):
The cryptocurrency market saw a notable movement today as MakerDAO's governance token, $MKR , experienced a surge of +4.39%, bringing its trading price to approximately $2,100. This positive price action comes on the heels of a significant announcement by Grayscale, a leading asset management firm in the crypto space.
Grayscale has launched a new fund called the Grayscale MakerDAO Trust. This closed-end fund is designed to provide accredited individual and institutional investors with exposure to MKR. However, similar to Grayscale's other single-asset trusts, investors won’t be able to withdraw their assets directly, which could lead to a difference between the fund's share price and the actual market price of MKR.

MakerDAO is a heavyweight in the decentralized finance (DeFi) world, overseeing more than $7 billion in cryptocurrencies and real-world assets. The protocol is also known for issuing DAI, a popular stablecoin with a market cap of $5 billion.
In addition to the MakerDAO Trust, Grayscale has recently introduced similar single-asset funds, including one for Bittensor’s TAO token and another for the Layer-1 blockchain Sui (SUI). They’ve also rolled out a fund focusing on cryptocurrencies powering decentralized AI projects, showcasing Grayscale’s commitment to expanding its range of investment options in the crypto world.
#MakerDAO #MKR📈 #Grayscale