POPCAT hit a new record high this week, up 31% in the last 24 hours. The Solana-based meme broke through the $1 resistance level, setting a new ATH at $1.29 after struggling to break above it all week.
POPCAT/USDT Daily Chart | Source: TradingView The impetus for this sudden surge is still unclear, but if POPCAT investors avoid selling, the coin could continue its uptrend. This could lead to the formation of a new high, further boosting market sentiment.
FTX’s native token, FTT, has surprised the market by outperforming every major altcoin in the top 100 cryptocurrencies. FTT has increased by 95% over the past week and is currently trading at $2.72. This sudden increase has caught the attention of both traders and investors.
GTT/USDT Daily Chart | Source: TradingView This rally was largely driven by rumors of the start of repayments to creditors. With a distribution plan hearing scheduled for October 7, the bullish sentiment is expected to continue, potentially pushing prices higher.
Robinhood has announced the addition of three new cryptocurrencies for its New York-based users. The newly added altcoins are Uniswap (UNI), Stellar (XLM), and Tezos (XTZ). The exchange has gained more attention with recent advances in the cryptocurrency space. Following the announcement, traders have begun to speculate on the price movements of these altcoins. Listings on major exchanges usually help to strengthen market sentiment and increase the value of assets. These listings increase liquidity for the respective altcoins, so their impact can be observed in the medium to long term.
According to Artemis, Celo has surpassed Tron in the number of daily active addresses used by stablecoins recently, which could be related to the fact that MiniPay and Valora apps have developed large user bases in Africa. CELO price surges nearly 20% after Vitalik Buterin praises it for helping bring African users to crypto. Specifically, Vitalik retweeted a post about Celo's new milestone, commenting: “It's great to see this. Helping improve access to basic payment/financial services around the world has always been an important way Ethereum can benefit everyone. And it's great to see Celo getting some traction.”
Binance has assisted India’s Enforcement Directorate (ED) in investigating a massive $47.6 million gambling scam involving the Fiewin app. The exchange provided critical intelligence that allowed authorities to track the fraud network through its digital wallets, part of Binance’s forensic work to combat financial crime using its Financial Intelligence Unit.
Celestia Foundation successfully raised $100 million in a new round of funding, bringing the total investment in the project to more than $155 million. The deal was led by Bain Capital Crypto with participation from Syncracy Capital, 1kx, Robot Ventures and Placeholder Ventures. This information is received by many investors as a positive signal about the development of Celestia and the growth potential of the TIA token in the coming time.
A popular cryptocurrency analyst says past trends suggest Bitcoin (BTC) could be about to breakout. The anonymous trader known as Rekt Capital told his 501,400 followers on the media platform X that BTC had broken out of its reaccumulation range 154-161 days after the halving. “It is now 157 days after the halving. History shows this is a ‘breakout moment’ for Bitcoin.”