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Crypto expert comments: Ethereum (ETH) could fall by 50 percent! Experienced traders and analysts believe that Ethereum ($ETH ) could face major declines in the coming days. Crypto analyst Ali Martinez has highlighted a key technical structure in Ethereum’s price action related to the TD (Tom DeMark) setup. According to Ali, Ethereum’s behavior around TD setup trendlines has historically been a reliable indicator of future price action. “Every time Ethereum breaks above the TD setup resistance trendline, a strong bull run follows,” Ali says. “However, when ETH breaks below the TD setup support trendline, we have seen an average correction of 53 percent.” Ali Martinez noted that if ETH breaks down to $2,500, selling pressure will increase and altcoins could experience a new crash. In addition, popular trader The Moon Carl points to a breakout in the falling wedge structure on the 1-hour chart. If Bitcoin continues its downward pricing, he suggests that $ETH could quickly test the $2,200 level. Analyst Crypto Rand has highlighted a developing situation involving Ethereum seized from the PlusToken Ponzi scheme. According to Rand, the Chinese government has already sent 7,000 ETH to crypto exchanges, with a potential additional 542,000 ETH (worth around $1.3 billion) to follow. If the Ethereum is sold on the open market, it could put significant downward pressure on the price. The crypto community is now closely watching how the Chinese authorities will handle this significant amount of seized assets. #KIP #KIPprotocol #SolvProtocol #Reecoin

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Ripple (XRP) critical preparation: The countdown for the rally has begun! Ripple (XRP) has given the green light to the bull season with developments regarding exchange-traded funds (ETFs). Bitcoin and Ethereum opened the door to crypto ETFs this year, building on applications made in 2023. The Ripple community emphasized XRP's importance in the sector and its clear regulatory status, stating that it deserves to be the next crypto asset ETF. This possibility may become a reality with the latest developments in the market. In an article published on X on Wednesday, researcher Anderson touched on several points supporting the view that the market is preparing for XRP ETFs. Anderson first stated that Grayscale's decision to open an XRP Trust in September was a strategic move regarding the XRP ETF. The Ripple community is eagerly awaiting Grayscale's official ETF move, a leading asset manager. Meanwhile, other major crypto asset managers have taken official steps to list an XRP ETF. Bitwise filed its application with the US SEC on October 2. Bloomberg financial analyst Eric Balchunas believes that Bitwise’s bold move regarding the $XRP ETF is unlikely to be approved under the current SEC chairman’s administration. Therefore, the analyst believes that Donald Trump will play a more critical role in the US presidential election. However, asset manager Canary Capital has joined Bitwise in the ETF race. It filed a filing with the SEC on October 8. Notably, the initiative is Canary’s first foray into digital assets and is being led by Steven McClurg, who cited strong investor demand for alternatives to Bitcoin and Ethereum as the driving force behind the initiative. #KIP #KIPprotocol #SolvProtocol #ReeCoin

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Chiliz (CHZ) winked at the bull season with its new move! Chiliz (CHZ) attracted attention by increasing by more than 10 percent after the PEPPER airdrop distribution Chiliz, a blockchain network operating in the sports field, increased by 1 percent with the PEPPER airdrop distribution and reached $ 0.074. $CHZ , which reached its highest level in the last 90 days, naturally excited its investors and sports enthusiasts. The company announced the PEPPER airdrop on October 2. According to the details, the token distribution took place on October 10 at 03:00 Turkey time. Chiliz stated that there would be no pre-sale when announcing the project and that everyone would obtain tokens under equal conditions. Chiliz announced that 30 percent of the total supply of PEPPERs would be airdropped to users who have at least 100 CHZ staked in their wallets or on the chain. Each eligible user will receive 150,000 PEPPER for each CHZ they own. There will be four airdrops in total. The first will be on October 10, followed by the others on October 17, 24, and 31 at 03:00 Turkish time. High-volume centralized exchanges like Bitget and Binance are among those supporting the airdrop event. Crypto analyst CryptoJack noted in an X post on October 9 that the Chiliz price is about to break above a major resistance on the weekly chart. The popular altcoin could retest the $0.15 level it reached in June after breaking $0.07. The token’s price has increased by over 10 percent since the first airdrop took place today. The data shows that the CHZ market cap is over $680 million, and daily trading volume has increased by 200 percent to $391 million. #KIP #KIPprotocol #SolvProtocol #ReeCoin

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Famous memecoin trader's crypto wallet shared! Crypto detective ZachXBT shared memecoin trader Murad Mahmudov's crypto wallets worth $24 million. ZachXBT shared Mahmudov's links to various wallets in an X post dated October 8. The Onchain researcher stated that the wallets were funded from a common wallet. ZachXBT stated that Mahmudov, who he claimed, shared his crypto wallets for the benefit of the community. The crypto detective emphasized that the wallet should be monitored in case of any problems that may occur in the future. Mahmudov was previously the chief information officer of Adaptive Capital. The crypto hedge fund collapsed with the market crash in March 2020. Since then, he has supported memecoins and expanded his audience with his notable posts on X. ZachXBT had previously expressed concerns about Mahmudov's strategies and stated that the trader was earning unfair income from his followers. It was stated that the information shared by ZachXBT is public information and creates more transparency. Most crypto experts think that memecoins play an important role in attracting investors to the market. However, these memecoins that attract new investors can have a short life. Especially crypto influencers with high followers can manipulate memecoins quite easily. Due to the downward pricing of Bitcoin, the earning opportunity in cryptocurrencies has decreased. However, the opportunities in memecoins are endless. For this reason, crypto investors are taking the easy way out and turning to memecoin trading. It seems that BTC's rise again and reviving altcoins or the change in trends will create different opportunities in the sector. #KIP #KIPprotocol #SolvProtocol #ReeCoin

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Good news from Optimism (OP): The fifth airdrop has been distributed! Optimism has distributed 10.3 million $OP (worth $16 million) to 54,700 user addresses with its fifth airdrop. Optimism, a layer-2 network, has carried out its fifth airdrop and distributed 10.3 million OP. Approximately $16 million worth of tokens were sent to 54,700 user addresses. The airdrop specifically rewarded users who interacted with Superchain, a blockchain ecosystem developed with OP Stack. Activity on OP Mainnet, Base, Zora, Mode, Metal, Fraxtal, Cyber, Mint, Swan, Redstone, Lisk, Derive, BOB, Xterio, Polynomial, Race and Orderly chains was taken into account. Airdrops are available to wallets that interact with at least 20 contracts on Superchain between March 15 and September 15, 2024. Users have until February 13, 2025 to claim the tokens. “Airdrop #5 rewards strong users who contribute to the growth of the Superchain Ecosystem,” Optimism wrote. With five airdrops, Optimism has distributed 265 million $OP tokens so far. Approximately 550 million OP are available for future distributions. Optimism’s first airdrop took place on May 31, 2022, followed by a second on February 8, 2023, and a third on September 13, 2023. The third airdrop distributed 19.4 million tokens, worth $26 million at the time, to approximately 32,000 addresses participating in the Optimism Collective’s delegation activities. This was followed by a fourth airdrop in February 2020. Optimism, which attracted attention with its series of airdrops, brought some joy to its users amid the market’s downturn. #KIP #KIPprotocol #ReeCoin #SolvProtocol

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