BNB Coin Price Prediction: Can Bulls Push it to $606?
BNB Chain’s 29th quarterly token burn on November 1 removed 1.77 million BNB (over $1 billion), reducing total supply and sparking investor optimism. With BNB’s goal to eventually cap supply at 100 million tokens, this scarcity could drive up value.
Positive Sentiment & Key Levels The Balance of Power (BoP) indicator suggests bullish momentum, with BNB trading around $576. On-chain data also shows positive sentiment, supporting potential price growth. If BNB maintains support at $573, targets are set at $596 and $606, while a drop below $563 could see it head to $543.
With supply tightening, BNB’s price rally has strong potential if bullish momentum continues.
With Bitcoin climbing and the U.S. election on the horizon, investor excitement is at an all-time high! 🏛️ Many think a Trump win could push Bitcoin even higher due to his pro-crypto stance. BlackRock’s Bitcoin ETF just saw $2.2 billion in inflows, signaling huge institutional interest. It’s also Uptober—Bitcoin’s historically strong Q4 season—fuels bullish predictions with BTC currently around $69,638. Could it reach $86,764 this month? With rising futures interest and lower volatility, all signs point to gains ahead! #bitcoin☀️ #BitcoinETFBoom #Uptober #Bitcoin❗ #BTC☀ $BTC
AVAX Set for Potential 12% Rally as Bulls Take Charge
Avalanche’s AVAX token may see a 12% rise, potentially reaching $28.50, as long as it holds above its key support at $24.50. Technical indicators are optimistic: the token is nearing oversold RSI levels, which could spark buying interest, and a rising trendline since August 2024 continues to reinforce support.
Technical & On-Chain Insights AVAX trades below its 200-day EMA, with the $24.50 level acting as critical support. On Binance, a 2.83 Long/Short ratio shows 73.91% of traders are long on AVAX, indicating strong market sentiment.
Key Levels Upside Target: $25.45 (could trigger $875k in short liquidations)Downside Risk: $24.35 (may lead to $2.94M in long liquidations)
AVAX’s uptrend could sustain if it keeps the $24.50 support intact, setting the stage for a potential rally.
Polygon Ecosystem Token (POL) Drops to New Low: What’s Next?
Polygon’s POL token (formerly MATIC) has seen a sharp drop, breaking below $0.35 and reaching $0.30. This downtrend shows potential for further decline if sellers continue to dominate.
Price and Technical Outlook Currently trading at $0.31, POL remains below key moving averages, pointing to bearish momentum. Support is at $0.28 if selling pressure holds. On the 4-hour chart, a break below $0.30 could accelerate this trend, while a move above the 21-day SMA may spark a recovery.
Why Bitcoin Price is Rising Amid Key Market Events
Bitcoin’s price is rallying, supported by favorable economic factors, ETF inflows, and election anticipation. Here’s a quick breakdown:
Key Drivers of BTC's Surge
US Jobs Data: A lower-than-expected rise in October payrolls strengthens the likelihood of a Fed rate cut. Rate cuts typically drive riskier assets, like Bitcoin.
Election Impact: With the upcoming U.S. election, investor sentiment is optimistic. Regardless of the outcome, Bitcoin could gain momentum, with some speculation that a Trump win might boost it even more due to his crypto-friendly stance.
"Uptober" Trend: Historically, Bitcoin performs well in October and Q4, adding to bullish sentiment as BTC aims for a new high.
Price Prediction: Currently at around $69,638, analysts expect BTC to potentially reach $86,764 this month. With steady futures interest and lower volatility than some major stocks, Bitcoin seems well-positioned for further gains.
Bitcoin (BTC) is close to its all-time high, but signs of weakening buying momentum suggest potential consolidation or a minor correction. The Directional Movement Index (DMI) shows BTC’s ADX trend strength has fallen to 29.26 from over 40, signaling reduced upward force. Currently, selling pressure has a slight edge, with the -DI line at 24.5, overtaking the buying strength at 20.6.
The Net Unrealized Profit/Loss (NUPL) indicator also shows a small decline in unrealized profits, indicating investor caution. While Bitcoin’s short-term moving averages still signal a bullish trend, the narrowing gap shows slowing momentum. If BTC holds support at $65,503, a push to new highs above $73,618 is possible. However, if it breaks, a pullback to $62,043 could occur, marking an 11.4% dip.
Will BTC reach new highs or face a temporary dip? Market sentiment will be key in the coming weeks.
Binance Burns 1 Billion LUNC Tokens Amid Terra Classic Optimism
Binance recently burned over 1 billion Terra Luna Classic (LUNC) tokens in its 27th burn, bringing the total LUNC burned by the community to nearly 137 billion tokens. Binance’s ongoing burns, totaling 66.66 billion LUNC, are part of a community-driven push to reduce token supply and potentially boost LUNC’s value.
In the latest burn, covering fees from September 30 to October 30, Binance sent 1.048 billion LUNC to the burn address, with a $95,073 burn cost. Meanwhile, LUNC prices have fallen by 8% following this burn, reflecting a broader market dip, while USTC also dropped by 10%.
As the community watches for potential burns from Terraform Labs, many are hopeful that consistent burns could support a future LUNC price recovery. Will these efforts lead to a rally? Only time will tell.
TRON INTEGRATES CHAINLINK TO ENHANCE DEFI SECURITY
TRON has partnered with Chainlink to integrate secure, tamper- resistant data feeds into its DeFi ecosystem, enhancing the reliability of platforms like JustLend and JustStable. Chainlink’s oracles provide essential off-chain data for accurate smart contract transactions, adding security across TRON’s $6.5 billion in total value locked (TVL).
Replacing WINkLink with Chainlink’s infrastructure, TRON joins other blockchains in adopting Chainlink’s proven oracle solutions. Through the SCALE program, TRON will cover initial transaction costs, helping developers build without high fees. This partnership underscores TRON’s push to advance DeFi while fostering a secure, developer-friendly environment.
BlackRock’s IBIT spot Bitcoin ETF is on a hot streak! 💥 With a massive $318 million inflow on October 31st, even as Bitcoin dipped to $68,800. And that’s not all—October 30th saw a record-breaking $875 million inflow, pushing IBIT’s weekly inflows past $2 billion! While Valkyrie and Fidelity’s Bitcoin ETFs saw outflows, IBIT is dominating, holding nearly $30 billion in assets and leading seven consecutive days of net inflows. BlackRock’s ETF isn’t just resilient—it’s rewriting the rules! #Bitcoin #CryptoBoom #BlackRock #BTC☀ #NovCryptoOutlook #BitcoinETF💰💰💰 #ETF $BTC
Cardano (ADA) Struggles to Break Resistance at $0.36
Cardano (ADA) faces challenges breaking resistance around $0.34 to $0.36, with several indicators pointing toward potential downward pressure. Data shows that roughly 260,000 addresses hold ADA within this range, with many holders likely to sell at breakeven, adding resistance.
Short-term holders also appear to be selling, which may increase selling pressure and limit ADA’s price rise. Additionally, ADA has formed a bearish head-and-shoulders pattern on the daily chart, which could signal a potential decline to $0.32. However, if bulls defend $0.34 and break resistance, ADA could rally to $0.42.
Pepe (PEPE) Poised for a 300% Rally Amid Whale Activity
Pepe (PEPE) is showing strong rally potential, with experts predicting gains of up to 300%. After a recent dip, PEPE has rebounded sharply, driven by a 14% surge in trading volume and significant whale activity. On October 28, a whale moved 1.2 trillion PEPE tokens (worth around $11.5 million), signaling high investor interest and hinting at a possible breakout. If this momentum holds, PEPE could see a major price increase, potentially
MakerDAO (MKR) Eyes 40% Upside After Trendline Breakout
MakerDAO (MKR) shows signs of recovery, gaining 2% recently and 10% over the past week. Positioned near a key descending trendline, MKR could rally up to 40% if it breaks resistance at $1,441. Momentum indicators like the RSI and Awesome Oscillator point to potential continued growth, while the MVRV ratio at -25% suggests MKR may have bottomed out. However, closing below $1,000 could weaken this outlook.
In a related update, the MakerDAO community will soon vote on rebranding decisions, with a poll set for November 4. If momentum continues, MKR could see strong gains ahead.
BlackRock's IBIT Fund Dominates Spot Bitcoin ETF Market
BlackRock's IBIT spot Bitcoin ETF is capturing investor interest with inflows hitting $318 million on October 31, even as Bitcoin dropped to $68,800. This follows a record-breaking $875 million inflow on October 30, with IBIT’s weekly inflows now exceeding $2 billion, far surpassing competing ETFs like Valkyrie’s BRRR and Fidelity’s FBTC, which saw significant outflows.
Despite market challenges, BlackRock's IBIT has helped keep U.S. Bitcoin ETFs on a growth streak, marking seven consecutive days of net inflows. IBIT now holds nearly $30 billion in assets, cementing BlackRock’s dominance in the Bitcoin ETF space and driving major growth in the market.
Shiba Inu (SHIB) Price: Bullish Trend or Temporary Stability?
Shiba Inu (SHIB) is trending upward, trading above key exponential moving averages (EMAs), indicating a positive but modest uptrend. The narrow EMA spacing suggests that momentum is limited. Whale activity remains stable, with around 11,000 wallets holding over 1 billion SHIB, showing cautious optimism.
SHIB’s Relative Strength Index (RSI) has dropped to 55.62, moving out of overbought territory, indicating neutral sentiment. If momentum builds, SHIB could test resistance at $0.00001959, with potential gains up to $0.00002171. If momentum fades, support could hold at $0.00001758 or $0.00001583. Traders are watching to see if SHIB breaks through or stabilizes.
Kaspa (KAS) Gains Momentum: Will the Rally Continue?
Kaspa (KAS) has shown a promising rebound, up 8% after a 50% drop from its all-time high, which has sparked renewed interest among traders. The sentiment shift is underscored by a bullish trend on trading charts, with open interest increasing, suggesting more market participants are actively trading KAS. Kaspa’s price support level at $0.11, paired with a bullish "falling wedge" pattern, hints at a potential breakout. If this momentum holds, Kaspa could rally to $0.17, though strong resistance may push the price back to around $0.10 if it’s rejected at key levels
Happy 16th Birthday, Bitcoin! 🎂 Trading at an incredible $71,864 and up 70% this year, Bitcoin’s market cap has rocketed to $1.4 trillion! With record-breaking transaction volumes of 20.1 million, Bitcoin demand is sky-high. And this year, 11 spot Bitcoin ETFs got the green light from the SEC! HBO’s new doc, Money Electric: The Bitcoin Mystery, dives into the legend of Satoshi Nakamoto. Bitcoin isn’t just a legacy—it’s a thriving revolution! #Bitcoin16 #CryptoHistory #BTC☀ #BitcoinDocumentary #16thBTCWhitePaperAnniv BTCPredictedNewATH #Bitcoin❗ $BTC
Bitcoin Celebrates 16 Years with Record Highs Near $73,000
Bitcoin, the world’s top cryptocurrency, celebrates its 16th anniversary with major milestones. Trading at $71,864 as of October 31, Bitcoin has surged 70% this year, reaching a $1.4 trillion market cap.
October Sets Records for Bitcoin Transaction volumes hit a record 20.1 million, reflecting high demand. Additionally, the SEC’s approval of 11 spot Bitcoin ETFs fueled market excitement, with BlackRock’s fund leading with $870 million in net inflows in a single day.
Bitcoin in Media An HBO documentary, Money Electric: The Bitcoin Mystery, has sparked fresh debates on Satoshi Nakamoto’s identity, keeping the mystery alive. Bitcoin’s legacy continues to grow as the pioneering force in decentralized finance.
Raydium Surges Past Uniswap as Leading DEX for Meme Tokens
Raydium (RAY) has become the most active DEX in October, surpassing Uniswap due to a surge in meme token trading on Solana. The platform recorded over 90 million active wallets in 30 days, far exceeding Uniswap’s 13.9 million.
Meme Tokens Boost Raydium’s Popularity Fueled by platforms like Pump.fun, Raydium now handles 60% of Solana’s DEX activity, reflecting Solana's rising appeal for meme tokens and decentralized trading.
Solana’s Expanding DEX Market Solana now captures 43–48% of daily DEX traffic, with Raydium driving growth through meme tokens like WIF and POPCAT, recently securing $3.14 million in fees and locking in $1.4 billion in value.
RAY Token on the Rise This surge has pushed RAY to a one-year high, with open interest climbing to $5.69 million. As Raydium grows, it reinforce Solana’s position as a decentralized trading hub.
Notcoin Price May Rebound as Selling Pressure Eases
Telegram’s Notcoin (NOT) has dropped 20% in 30 days, with 71% of holders in the red. However, on-chain data hints that the decline may soon stabilize.
Key Indicators Signal Potential Rebound Selling pressure on Notcoin has eased, and holding times are up 30%, which could support a price recovery. The Money Flow Index (MFI) is also rising, indicating increased buying interest. Bullish Pattern Emerging Technically, Notcoin shows a falling wedge—a potential bullish reversal. Currently priced at $0.0068, a breakout above $0.0077 could spark a 70% rally to $0.012. However, a rejection may see support around $0.0062.
With easing selling pressure and bullish signs, Notcoin holders have reason for cautious optimism.
Antonio Juliano, founder of dYdX, recently announced a 35% workforce reduction to align with the platform’s new strategic direction. Despite the layoffs, dYdX’s token remains steady above $1, even rising 8% this week. Juliano shared that the company now has the right team for its vision.
Interestingly, dYdX’s token price has stayed stable, showing investor confidence as the platform continues to hire for key roles in engineering and design.