#lets know coin - Bittensor

Current Price: $376

Market Cap: $2.77 billion

1W Trading Volume: $785 million

Percentage change in Price (1W): +32.5%

Analysis:
Bittensor (TAO) has experienced a downward trend since reaching its all-time high in March 2024, now trading over 50% below that peak. Recently, the price has shown signs of bottoming out, offering some hope for a reversal. Currently, TAO is trading above its 50-day Exponential Moving Average (EMA) but just below the 200-day EMA. A breakout above the 200-day EMA could attract bullish attention.
TAO has been moving within a defined range, with support at the lower end of the $225 to $250 zone. To regain bullish momentum, it needs to break above the upper end of this range, around $365 to $400 - which TAO price is within currently. If this resistance is surpassed successfully, TAO could rally to $470 by month’s end and possibly achieve a new all-time high by the close of 2024, following broader crypto trends. On the downside, the $225 to $250 zone is expected to provide solid support, as it has done in recent weeks.

$TAO

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let's talk about coin

#ethereum

current price: 2309

current development :-

$ETH $SOL $BNB

Google Cloud has launched a new Blockchain Remote Procedure Call (RPC) service. This will enhance crypto development and improve the reliability of decentralized applications (DApps). This service supports the Ethereum mainnet and testnet, aiming to simplify how developers interact with blockchain dat

#lets know about one more coin -

BinaryX

📢Current Price: $1.6

Market Cap: $595 million

1W Trading Volume: $105 million

Percentage change in Price (1W): +42%

Any News Around the Token:

This is one of the strongest-performing major tokens so far in 2024, having gained nearly 440%, in 2024 YTD. Interestingly, this is an altcoin that has gained the most amount in the past couple of months, between April to September 2024 - effectively the time when the rest of the market has been seeing weakness and a sideways price action.

Analysis:

BinaryX is one of the top-performing tokens among the top 100 cryptos by market capitalization, showcasing remarkable resilience despite recent overall market weakness. The altcoin's robust performance may continue if the current bullish trend persists, potentially leading to a bullish crossover between the 50-day and 200-day EMAs, reversing over a year of bearish sentiment. Currently, BinaryX is trading near the R1 Fibonacci level for September 2024. If this upward momentum holds, BNX could reach price targets of $1.75 and even approach the key psychological resistance level of $2 by month-end. Conversely, the $1 mark is anticipated to act as a support level, providing a safety net should the price decline. This ongoing strength underscores BinaryX's potential for further gains if the positive trend continues.

$ binary

$BTC $ETH $SOL

It's time to know about another coin

Nervos Network

Current Price: $0.0156

Market Cap: $704 million

1W Trading Volume: $3.35 billion

Percentage change in Price (1W): +81.5%

Analysis:
Nervos Network, recently joining the top 100 cryptos by market capitalization, has experienced a significant rally in recent days. Over the past week, CKB price surged nearly 90%, and over 120% from September's lows to highs. While a slight price correction has occurred, it is expected after such a steep climb. CKB has broken through all Fibonacci resistance levels for September and could continue its rally to reach $0.02 before month's end. A positive golden crossover of the 50-day and 200-day Exponential Moving Averages is anticipated, reversing the death cross caused by the mid-April 2024 correction. Additionally, strong support for Nervos Network price is expected near the psychological $0.01 level, which aligns with both the 50-day and 200-day EMAs $BTC $ETH $SOL $CKB

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Dragonfly Capital Seeks $500 Million For Fourth Fund

According to BlockBeats, Dragonfly Capital, a cryptocurrency venture capital firm, is aiming to raise $500 million for its fourth fund, which will focus on early-stage projects.

As of now, the firm has successfully secured $250 million and plans to complete the fundraising by the first quarter of next year.

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Spending 2.61 billion coins on the KYC card upgrade sparks a debate about its true value.
At level 25, it generates 633 coins per hour, but is it really efficient for your strategy?

Key considerations:

Long-term stability:
The KYC card offers consistent income, but the ROI might not be the best

.Upgrade costs:
High costs could indicate major boosts or hidden advantages.

ROI analysis: Calculating the return is crucial to see if it justifies the investment.

Who benefits? Players with large resources may find it worthwhile, while others should focus on cards that provide more efficient gains.

Strategic combos: The KYC card’s stable earnings may be boosted through game mechanics or combining it with other cards.For optimal progression, take into account

Better alternatives: Look for cards with superior returns and lower costs.
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#MyFirstSquarePost New to Binance Square, thrilled to share and connect with everyone here!