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💫 The most popular cryptocurrencies of the day according to social activity.

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BONK opens up to institutions: Is there a rise coming? BONK, which is preparing to launch the first memecoin product (ETP) traded on an exchange in the US, is facing a potential rise. The BONK ETP, announced at the Solana Breakpoint event, is expected to be launched by the end of the year. The project team, which partnered with Osprey Funds, has taken action for the first memecoin fund to be traded on the US exchange. Commenting on BONK's progress based on the development in question, AMBCrypto said the following: “This move has excited investors, and BONK's price is expected to increase by more than 200 percent.” According to AMBCrypto's analysis, BONK's price increased by more than 182 percent from April to May. Stating that BONK is preparing for an important development, AMBCrypto said the following: “With the announcement of the Bonk ETP, which could pave the way for the first memecoin ETF, the upward trend in the popular coin is increasing. The Bollinger Bands on the daily timeframe are tightening, indicating a potential breakout.” The analysis indicated that the price outlook is positive and funding rates are giving positive signals. The outlook formed in the BONK/USDT parity indicated that $BONK , which reached its lowest levels in six months, may rise. The moving average convergence divergence (MACD) indicator also showed that buying momentum increased and risk appetite was formed. It was reported that the sentiment turned positive in BONK, which is trading above the Bollinger Bands average. The analysis stated that another factor supporting the bullish signal is Open Interest (OI). The OI rate, which shows that long-term investors are optimistic that BONK can rise, reached the level of 0.0006 percent. According to AMBCrypto, the increasing confidence of traders may carry BONK to new heights. #KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions

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The expected breakout in Floki (FLOKI) has arrived: It could shake the market! Floki (FLOKI), which is closely followed by Turkish crypto investors, has finally broken the downtrend. Floki, one of the popular names of dog coins, has broken the downtrend that started on July 22. Memecoin, which has been pricing downwards for two months, seems to have made a good breakout and tested the trend line. If we also consider that Bitcoin is above $63,000, Floki's rise may continue. The popular altcoin, which has swept a period, is winking at the bull with its technical structure. Floki, which has ridden a two-month downtrend, may see a bull again with the strengthening of the memecoin craze. However, which memecoins will come to the fore in this process will be critical. For example, the recent cat memecoin craze has almost sucked the liquidity in this area. The parity will target higher levels as the memecoin craze turns to dog projects. Memecoin, which is trading at $0.00013093 at the time of writing, may test $0.00024558 - 0.00026711 - 0.00031351 and $0.00034861 respectively if it breaks $0.00017391. The performance of ETH, BTC and the memecoin market will be decisive in this process. In a negative scenario, $FLOKI may experience declines to $0.00011073 and $0.00009591. Although it seems difficult for the popular memecoin to experience bullishness again at the moment, the technical structure indicates an upward movement. In any process where the downward trend is underway, selling pressure may show itself. In addition to these, the news flow regarding the parity will affect the price. #KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions

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Analyst's bullish comparison: Gold or Bitcoin? Experienced analyst Peter Brandt suggested that the Bitcoin (BTC) price will gain value against gold in the coming months. According to Brandt's technical analysis, BTC's market value is about to gain momentum against gold, a traditional investment tool. BTC has increased by 350 thousand percent since its launch. The analyst, who claimed that BTC will gain nearly 400 percent against gold, supported his prediction with the graphic analysis he created. Peter Brandt, who examined the BTC/GLD chart, argued that BTC will rise against gold in 2025. Referring to the formation called Inverse Head and Shoulders (IH&S), the analyst stated that the formation in question indicates a breakout. According to the IH&S formation, the price of 1 BTC may be equal to 123 ounces of gold in 2025. Current data shows that 1 BTC is equivalent to 24 ounces. A bull flag is seen in the chart created by Brandt. The formation in question indicates a sharp rise in the event of a breakout. The “1 BTC = 32 ounces” level was shown as an important resistance point. According to the analysis, while BTC is gaining strength, gold’s loss of blood may facilitate the breakout. Estimates that BTC, shown as digital gold, will surpass gold have been associated with the performance of spot Bitcoin ETFs. ETFs have hosted over $17.69 billion in inflows since January. Based on these inflows, experts predict that spot $BTC ETFs could grow to $220 billion by 2027. Anthony Scaramucci, on the other hand, predicts that $BTC will surpass the market value of gold with its limited supply and portability advantages. #KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions

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Ethereum network fees are on the rise: A signal for an altcoin bull! Ethereum transaction fees have increased as the altcoin market has begun to recover. Despite this statistic, which also increased the amount of ETH burned, the number of active addresses on the network has fallen to its lowest level since the beginning of the year. At the beginning of September, the average transaction fee on the network had fallen below $1 for the first time since July 2020. The fact that $ETH has been losing value against $BTC for a long time and the lack of spot ETFs has naturally affected network activity. However, recent statistics show that the needle has turned in the opposite direction. The seven-day moving average transaction fee on Ethereum has started to increase. According to data from The Block, its last value in September 2021 was $3.52, more than three times its value of $0.85 on September 1. The recovery in transaction fees has also increased Ethereum's burn rate. Uniswap led the list of smart contracts that consumed the most gas on the network in the last 30 days, while its V2 variant was also on the list. Telegram-based crypto and NFT bots Maestro and Banana Gun were also on the list. Ether transfers and transactions involving stablecoins Tether (USDT) and Circle’s USD Coin were also on the list. Despite the increase in transaction fees and burns, the seven-day moving average of active accounts on the network fell 11 percent from its value at the beginning of the month, the lowest level since the beginning of the year. Increased network activity, an upward trend in the ETH/BTC chart, and net inflows in spot ETFs will strengthen the signals for altcoin bulls. #KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions

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XRP Fails to Hold: “One of the Worst Performers” Amid the rise in the crypto market, the XRP price falling below $0.60 drew attention. It was surprising that $XRP did not accompany the crypto rise that started with the US Fed lowering interest rates after four years. Ripple's coin XRP, which won its legal battle with the SEC for years, was shown as one of the “worst performing” cryptocurrencies. While XRP increased by only 3 percent in the last week, it has lost 4.22 percent since the beginning of 2024. Crypto analyst Bill Morgan made striking comments about XRP. According to analyst Bill Morgan, the $0.60 level is of great importance for XRP. Commenting on the level in question, the analyst said: “The failure to break $0.60 means that the price may soon fall below the 20-day EMA (moving average). This price level has become a strong resistance point.” Emphasizing that the outlook for XRP is weak, Morgan also touched on speculations that have become the focus of discussions. Many community members are speculating that the XRP price will rise to triple-digit levels following the SEC victory. Morgan, who warned investors against such speculations, argued that it is necessary to monitor whether the $ 0.60 resistance will be broken. David Schwartz, one of Ripple's executives, stated that he had no idea what factors increased the XRP price. Schwartz, who denied the price manipulation allegations, said that he was also an XRP investor and would increase the price if he could. According to CoinGecko data, XRP lost 1.55 percent in the last 24 hours. The popular altcoin has a market value of $ 33.143 billion. #KIP #KIPprotocol #CryptoDeNostradame #MOGUL #Mogulproductions

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