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$DOGE Price Prediction : $DOGE Surges 22% In A Week As This Innovative Staking Meme Coin Storms Toward $3 Million
The Dogecoin price has surged 22% in the past week even after it fell 2% in the last 24 hours to trade at $0.170 as of 00:35 a.m. EST on trading volume that plunged 37% to $2.06 billion.
Dogecoin Price Prediction: DOGE Aiming For A Bullish Rally
The Dogecoin price has been in an uptrend in October, as the bulls used the $0.11 support zone to push the price through a markup phase, according to data from GeckoTerminal. DOGE then went through a consolidation phase from mid-October within the $0.1460 range.
The Dogecoin price bulls then used the lower boundary of the sideways pattern at $0.13 as the support to push DOGE through a parabolic curve, which indicates strong momentum.
DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the price’s general bullish outlook.
The RSI is in bullish territory but not yet overbought, currently at 65, meaning there’s still potential for further gains before any risk of a reversal. If the RSI does reach overbought levels, we could see some consolidation or a pullback.
The RSI seems to be rebounding towards the 70-overbought region, indicating that the asset may be gaining momentum. If this momentum continues, the price of Dogecoin may rise, as the bulls target $0.20 .
Conversely, if the bears pick up momentum at this level, the DOGE price could plunge back to the 50-day SMA at $0.1478.
As the Dogecoin price aims for a bullish rally, the new meme coin project Crypto All-Stars is racing towards $3 million in funds raised in its ICO.
#BinanceBlockchainWeek
#CryptoPreUSElection
The Dogecoin price has surged 22% in the past week even after it fell 2% in the last 24 hours to trade at $0.170 as of 00:35 a.m. EST on trading volume that plunged 37% to $2.06 billion.
Dogecoin Price Prediction: DOGE Aiming For A Bullish Rally
The Dogecoin price has been in an uptrend in October, as the bulls used the $0.11 support zone to push the price through a markup phase, according to data from GeckoTerminal. DOGE then went through a consolidation phase from mid-October within the $0.1460 range.
The Dogecoin price bulls then used the lower boundary of the sideways pattern at $0.13 as the support to push DOGE through a parabolic curve, which indicates strong momentum.
DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the price’s general bullish outlook.
The RSI is in bullish territory but not yet overbought, currently at 65, meaning there’s still potential for further gains before any risk of a reversal. If the RSI does reach overbought levels, we could see some consolidation or a pullback.
The RSI seems to be rebounding towards the 70-overbought region, indicating that the asset may be gaining momentum. If this momentum continues, the price of Dogecoin may rise, as the bulls target $0.20 .
Conversely, if the bears pick up momentum at this level, the DOGE price could plunge back to the 50-day SMA at $0.1478.
As the Dogecoin price aims for a bullish rally, the new meme coin project Crypto All-Stars is racing towards $3 million in funds raised in its ICO.
#BinanceBlockchainWeek
#CryptoPreUSElection
$TON News : 500,000 New Holders Daily – Could Toncoin Soon Surpass Ethereum ?
Toncoin $TON was launched in 2018 by the popular messaging app Telegram, since then, the Open Network has seen a surge in its value and market adoption. The significant growth in its user base suggests that Toncoin could eventually surpass Ethereum ( $ETH ) in terms of total holders, potentially by the end of the year.
However, despite this expanding user base, Toncoin’s profitability measured by gains for investors who bought in earlier is trending downward. The growth in holders suggests opti
However, despite this expanding user base, Toncoin’s profitability measured by gains for investors who bought in earlier is trending downward. The growth in holders suggests opti
$GRASS Crypto Price Surges Over 50% After Listing
Grass ( GRASS ) appears to be one of the fastest-growing newly listed tokens outside the meme coin category.
CoinGecko data shows GRASS surged to an all-time high (ATH) of $1.10 shortly after trading began on October 28, following early fluctuations between $0.65 and $0.85.
The all-time low (ATL) of $0.655 means GRASS saw a 59.7% increase from ATL to ATH. Currently, GRASS trades at $1.05.
Is Grass a Promising Project?
Given its recent listing, it’s too early to determine GRASS’s long-term trajectory.
However, GRASS’s strong listing performance suggests positive market reception, especially considering its “most widely distributed airdrop” label.
As part of the Solana (SOL) ecosystem, Grass offers a green approach by allowing users to leverage internet bandwidth to train AI models.
Comparing GRASS to Other Recent Listings
Other projects, such as EigenLayer (EIGEN) and Scroll (SCR), have launched tokens in the past month.
EigenLayer, a liquid restaking protocol, started trading on September 30, reaching an ATH of $4.47 on October 1 before declining by 34.6% to around $2.9.
Scroll, a Layer 2 (L2) solution, launched on October 22 but faced disappointment among airdrop participants.
However, in the latest snapshot, airdrop participants found that they received fewer tokens than expected, with some even incurring losses.
SCR has since dropped 44.9% from its ATH of $1.40 to $0.7.
#BinanceBlockchainWeek
#CryptoPreUSElection
Grass ( GRASS ) appears to be one of the fastest-growing newly listed tokens outside the meme coin category.
CoinGecko data shows GRASS surged to an all-time high (ATH) of $1.10 shortly after trading began on October 28, following early fluctuations between $0.65 and $0.85.
The all-time low (ATL) of $0.655 means GRASS saw a 59.7% increase from ATL to ATH. Currently, GRASS trades at $1.05.
Is Grass a Promising Project?
Given its recent listing, it’s too early to determine GRASS’s long-term trajectory.
However, GRASS’s strong listing performance suggests positive market reception, especially considering its “most widely distributed airdrop” label.
As part of the Solana (SOL) ecosystem, Grass offers a green approach by allowing users to leverage internet bandwidth to train AI models.
Comparing GRASS to Other Recent Listings
Other projects, such as EigenLayer (EIGEN) and Scroll (SCR), have launched tokens in the past month.
EigenLayer, a liquid restaking protocol, started trading on September 30, reaching an ATH of $4.47 on October 1 before declining by 34.6% to around $2.9.
Scroll, a Layer 2 (L2) solution, launched on October 22 but faced disappointment among airdrop participants.
However, in the latest snapshot, airdrop participants found that they received fewer tokens than expected, with some even incurring losses.
SCR has since dropped 44.9% from its ATH of $1.40 to $0.7.
#BinanceBlockchainWeek
#CryptoPreUSElection
Goatseus Maximus ( $GOAT ) Making Recovery After Major Correction: What to Expect Ahead ?
In today’s cryptocurrency market, meme coins are regaining traction as Bitcoin (BTC) reaches the $71,000 level for the first time since June 2024. Riding this wave, the trending AI-based meme coin, Goatseus Maximus (GOAT), is also making a notable recovery, recording gains of over 9% in the last 24 hours, with its current trading price at $0.6519.
Goatseus Maximus (GOAT) Recovery
Like many other tokens, Goatseus Maximus (GOAT) experienced a significant correction after an initial pump, which was fueled by the Binance listing on October 24. Following this, the price of GOAT corrected by over 40%, falling from a high of $0.87 to yesterday’s low of $0.51. However, GOAT has shown resilience, bouncing back strongly from this low point to its current level.
What to Expect Ahead ?
From a technical perspective, the GOAT/USDT chart indicates a few key levels that traders should watch in the coming days:
1. Support Level (S): The $0.51 level served as a strong support zone where buyers stepped in, reversing the downward momentum. This area could act as a safety net if the price corrects again. A sustained hold above this support could encourage further buying interest.
2. Immediate Resistance (R): The price is currently approaching an overhead resistance around $0.7384. Breaking above this level would signify a continuation of the recovery trend. If bulls manage to push beyond this, the next target is marked at R1, which lies around $0.86-$0.90. This level could be pivotal, as it aligns closely with the previous high of $0.87.
3. Volume & RSI Signals: The recent surge in volume shows renewed buying interest, supporting the recovery trend. Additionally, the RSI indicator has moved from oversold levels to more neutral territory, which suggests potential for upward movement. If the RSI continues to climb toward the overbought region, it could be a signal for further bullish momentum.
#BinanceBlockchainWeek
#CryptoPreUSElection
#GOATMoments
In today’s cryptocurrency market, meme coins are regaining traction as Bitcoin (BTC) reaches the $71,000 level for the first time since June 2024. Riding this wave, the trending AI-based meme coin, Goatseus Maximus (GOAT), is also making a notable recovery, recording gains of over 9% in the last 24 hours, with its current trading price at $0.6519.
Goatseus Maximus (GOAT) Recovery
Like many other tokens, Goatseus Maximus (GOAT) experienced a significant correction after an initial pump, which was fueled by the Binance listing on October 24. Following this, the price of GOAT corrected by over 40%, falling from a high of $0.87 to yesterday’s low of $0.51. However, GOAT has shown resilience, bouncing back strongly from this low point to its current level.
What to Expect Ahead ?
From a technical perspective, the GOAT/USDT chart indicates a few key levels that traders should watch in the coming days:
1. Support Level (S): The $0.51 level served as a strong support zone where buyers stepped in, reversing the downward momentum. This area could act as a safety net if the price corrects again. A sustained hold above this support could encourage further buying interest.
2. Immediate Resistance (R): The price is currently approaching an overhead resistance around $0.7384. Breaking above this level would signify a continuation of the recovery trend. If bulls manage to push beyond this, the next target is marked at R1, which lies around $0.86-$0.90. This level could be pivotal, as it aligns closely with the previous high of $0.87.
3. Volume & RSI Signals: The recent surge in volume shows renewed buying interest, supporting the recovery trend. Additionally, the RSI indicator has moved from oversold levels to more neutral territory, which suggests potential for upward movement. If the RSI continues to climb toward the overbought region, it could be a signal for further bullish momentum.
#BinanceBlockchainWeek
#CryptoPreUSElection
#GOATMoments
Bitcoin $BTC Price Prediction : With $71,000 Under Their Belt, Bulls Set Sights on New ATHs
Analysts are optimistic about Bitcoin, pointing out that it continues to show strong signals for a bull market. The price remains above a critical support level, bouncing back and positioning itself for a possible breakout.
While Bitcoin's trajectory appears bullish, other cryptocurrencies are showing mixed signals. Ethereum is playing out a short-term bullish divergence, indicating possible upward momentum in the near future. On the other hand, Solana is struggling around a resistance level, which could limit its potential for immediate gains.
World is currently watching the critical BTC resistance levels at approximately $69,200, $70,000, and $72,000. If Bitcoin breaks above these levels, it could pave the way for new all-time highs. Here’s why:
$69,200: This level has historically served as a point of resistance, and a breakthrough here could signal stronger upward momentum.
$70,000: Crossing this psychological barrier is crucial, as it may trigger increased buying activity and potentially lead to a short squeeze.
$72,000 and above: Additional resistance is noted just below this level, with further challenges expected around the previous all-time high of approximately $73,500.
However, at the time of writing, Bitcoin is up by more than five percent and is trading slightly above the $71k levels.
Long-Term Indicators
On the weekly chart, Bitcoin's RSI has broken through a significant descending resistance line, a move that historically led up to major bull runs. This pattern suggests a bullish momentum over the next year, even as the market experiences short-term fluctuations.
Potential Short Squeeze
Recent trading activity indicates the potential for a short squeeze, especially if Bitcoin can break above $71,000. This scenario would add buying pressure as short positions get liquidated, potentially driving prices higher.
#BinanceBlockchainWeek
#BTCBreak71K #BTC67KRebound
Analysts are optimistic about Bitcoin, pointing out that it continues to show strong signals for a bull market. The price remains above a critical support level, bouncing back and positioning itself for a possible breakout.
While Bitcoin's trajectory appears bullish, other cryptocurrencies are showing mixed signals. Ethereum is playing out a short-term bullish divergence, indicating possible upward momentum in the near future. On the other hand, Solana is struggling around a resistance level, which could limit its potential for immediate gains.
World is currently watching the critical BTC resistance levels at approximately $69,200, $70,000, and $72,000. If Bitcoin breaks above these levels, it could pave the way for new all-time highs. Here’s why:
$69,200: This level has historically served as a point of resistance, and a breakthrough here could signal stronger upward momentum.
$70,000: Crossing this psychological barrier is crucial, as it may trigger increased buying activity and potentially lead to a short squeeze.
$72,000 and above: Additional resistance is noted just below this level, with further challenges expected around the previous all-time high of approximately $73,500.
However, at the time of writing, Bitcoin is up by more than five percent and is trading slightly above the $71k levels.
Long-Term Indicators
On the weekly chart, Bitcoin's RSI has broken through a significant descending resistance line, a move that historically led up to major bull runs. This pattern suggests a bullish momentum over the next year, even as the market experiences short-term fluctuations.
Potential Short Squeeze
Recent trading activity indicates the potential for a short squeeze, especially if Bitcoin can break above $71,000. This scenario would add buying pressure as short positions get liquidated, potentially driving prices higher.
#BinanceBlockchainWeek
#BTCBreak71K #BTC67KRebound
X Empire Token Analysis : Will $X Token Gain Momentum ?
The highly anticipated launch of $X Empire’s X token on The Open Network ( $TON ) parked significant discussion in the crypto community.
The Elon Musk-themed Telegram game’s token debuted at a price notably below predictions, leading to mixed reactions among investors and players alike.
Priced initially at around $0.000096, the token fell sharply from its expected $0.0002, causing uncertainty about its future performance.
This article provides a comprehensive analysis of the X token’s initi
The Elon Musk-themed Telegram game’s token debuted at a price notably below predictions, leading to mixed reactions among investors and players alike.
Priced initially at around $0.000096, the token fell sharply from its expected $0.0002, causing uncertainty about its future performance.
This article provides a comprehensive analysis of the X token’s initi
7 Beginner Crypto Investing Mistakes to Avoid
This massive growth is luring many people who want to start their trading journey to the market. However, it is essential to understand that beginners are prone to making mistakes. These basic mistakes can cause them to incur significant losses in the short and long term. So, to help you, this article will discuss the seven mistakes beginner crypto traders make and how to avoid them.
Starting Your Journey in Crypto Trading
There are things that you try for the first time, and crypto trading
Starting Your Journey in Crypto Trading
There are things that you try for the first time, and crypto trading
Have Memecoins Lost the Plot—What to Expect from DOGE and SHIB in November 2024 ?
The crypto markets are trying hard to validate a decent upswing before the end of the month. Meanwhile, the memecoins have also displayed a tendency to close the monthly trade on a bullish note as the most dominant one, Dogecoin is manifesting extreme strength. Besides, Shiba Inu and Pepe prices are failing to generate the required momentum which may have helped them to follow the DOGE price rally. Now that the trade is approaching the monthly close here is what to expect next.
Dogecoin ( $DOGE ) Price Analysis
Dogecoin price is trying to validate a parabolic recovery by rising above the crucial 200-day MA
The price has surged to reach the upper bands of Bollinger while the possibility of a huge explosion remains pretty high
The RSI is incremental which supports a bullish narrative and hence a rise to $0.15 may lead the levels to reach $0.169 in a short while
As the volume has not remained within the required range, the price is believed to remain consolidated above the gains at around $0.17 for a while and later trigger a breakout to the 2024 highs above $0.2
Shiba Inu ( $SHIB ) Price Analysis
The Shiba Inu price has been maintaining a consolidated ascending trend within a rising parallel channel
The token appears to have slightly lost track but the bulls are trying hard to revive a rise beyond the average bands of the channel
The RSI has triggered a bullish rebound while the MACD displays a drop in the selling pressure, being within the positive range
Hence, the SHIB price is believed to maintain a steep ascending trend and eventually test the upper resistance of the channel at around $0.00002 in a short while from now
#BinanceBlockchainWeek
#CryptoPreUSElection
#mememcoinseason2024
The crypto markets are trying hard to validate a decent upswing before the end of the month. Meanwhile, the memecoins have also displayed a tendency to close the monthly trade on a bullish note as the most dominant one, Dogecoin is manifesting extreme strength. Besides, Shiba Inu and Pepe prices are failing to generate the required momentum which may have helped them to follow the DOGE price rally. Now that the trade is approaching the monthly close here is what to expect next.
Dogecoin ( $DOGE ) Price Analysis
Dogecoin price is trying to validate a parabolic recovery by rising above the crucial 200-day MA
The price has surged to reach the upper bands of Bollinger while the possibility of a huge explosion remains pretty high
The RSI is incremental which supports a bullish narrative and hence a rise to $0.15 may lead the levels to reach $0.169 in a short while
As the volume has not remained within the required range, the price is believed to remain consolidated above the gains at around $0.17 for a while and later trigger a breakout to the 2024 highs above $0.2
Shiba Inu ( $SHIB ) Price Analysis
The Shiba Inu price has been maintaining a consolidated ascending trend within a rising parallel channel
The token appears to have slightly lost track but the bulls are trying hard to revive a rise beyond the average bands of the channel
The RSI has triggered a bullish rebound while the MACD displays a drop in the selling pressure, being within the positive range
Hence, the SHIB price is believed to maintain a steep ascending trend and eventually test the upper resistance of the channel at around $0.00002 in a short while from now
#BinanceBlockchainWeek
#CryptoPreUSElection
#mememcoinseason2024
Vitalik Buterin Introduces a Roadmap to Reduce Ethereum’s $ETH Data Storage Burden
Ethereum co-founder Vitalik Buterin has presented a roadmap addressing the platform’s growing complexity and “bloat” issues. In a piece published on October 26, Buterin outlined a solution named “The Purge,” aimed at reducing unnecessary data load on the network.
Reducing Data Storage Burden with “The Purge”
Buterin emphasized that a node operating on the Ethereum network currently requires approximately 1.1 terabytes of disk space. He highlighted that it is unnecessary for each node to store all historical data. By eliminating this requirement, running a node could become more cost-effective. He stated, “If we can increase the number of nodes to 100,000 and each node randomly stores 10% of historical data, every piece of data would be copied 10,000 times, achieving the same replication factor as a network with 10,000 nodes storing all data.”
Buterin pointed out that the growing account balances, contract codes, and storage on the Ethereum network could be limited over time. This is aimed at preventing the long-term increase in storage requirements for clients.
Steps Towards Ethereum’s Future
“The Purge” stands out as the fifth installment in Buterin’s series of writings discussing Ethereum’s future. In October, he also introduced “The Scourge,” which aims to tackle centralization risks associated with the proof-of-stake model, and “The Verge,” which seeks to enhance the efficiency of running nodes. Buterin stressed that these initiatives are significant steps towards Ethereum’s long-term scalability, technical sustainability, and security.
Roadmap aims to establish Ethereum as a sustainable and stable platform in the long run, declaring, “Defining this general path for Ethereum and achieving a stable outcome in the long term is the ultimate endeavor concerning Ethereum’s long-term scalability, technical sustainability, and security.”
#BinanceBlockchainWeek
#CryptoPreUSElection
#BTCETFDemandSurge
Ethereum co-founder Vitalik Buterin has presented a roadmap addressing the platform’s growing complexity and “bloat” issues. In a piece published on October 26, Buterin outlined a solution named “The Purge,” aimed at reducing unnecessary data load on the network.
Reducing Data Storage Burden with “The Purge”
Buterin emphasized that a node operating on the Ethereum network currently requires approximately 1.1 terabytes of disk space. He highlighted that it is unnecessary for each node to store all historical data. By eliminating this requirement, running a node could become more cost-effective. He stated, “If we can increase the number of nodes to 100,000 and each node randomly stores 10% of historical data, every piece of data would be copied 10,000 times, achieving the same replication factor as a network with 10,000 nodes storing all data.”
Buterin pointed out that the growing account balances, contract codes, and storage on the Ethereum network could be limited over time. This is aimed at preventing the long-term increase in storage requirements for clients.
Steps Towards Ethereum’s Future
“The Purge” stands out as the fifth installment in Buterin’s series of writings discussing Ethereum’s future. In October, he also introduced “The Scourge,” which aims to tackle centralization risks associated with the proof-of-stake model, and “The Verge,” which seeks to enhance the efficiency of running nodes. Buterin stressed that these initiatives are significant steps towards Ethereum’s long-term scalability, technical sustainability, and security.
Roadmap aims to establish Ethereum as a sustainable and stable platform in the long run, declaring, “Defining this general path for Ethereum and achieving a stable outcome in the long term is the ultimate endeavor concerning Ethereum’s long-term scalability, technical sustainability, and security.”
#BinanceBlockchainWeek
#CryptoPreUSElection
#BTCETFDemandSurge
$GOAT Token Hits Headwinds in the Market, Drops 32% From Highs
Goatseus Maximus (GOAT), the latest cryptocurrency to take the meme coin market by storm, has begun to experience significant drawdowns, causing shifting sentiments. The recent impressive rally of the meme cryptocurrency ran into a roadblock, with a steep 32% slide from its peak price of $0.8837.
According to analytics platform Santiment, bearish sentiment is rising. For the first time in weeks, sentiment indicators have plunged below neutral territory—a sharp contrast to the upbeat outlook that has characterized trading sentiment until recently.
The funding rate of GOAT still remains above zero, but its gradual decline amidst a growing open interest suggests that traders are increasingly hedging their positions through short contracts. This growing bearish positioning could add further downward pressure on prices.
Currently, eyes are on the critical resistance at $0.62. If prices remain contained below, it could unleash a wave of sell orders and might plunge prices further down, as low as $0.46 if it were to close below this level. That would be an enormous squashing for investors who bought into GOAT during the recent rally.
Despite those disappointments, some market players have seen the current pullback as a healthy correction after GOAT's tremendous, astronomical rise.
#GOATMoments
#CryptoPreUSElection
Goatseus Maximus (GOAT), the latest cryptocurrency to take the meme coin market by storm, has begun to experience significant drawdowns, causing shifting sentiments. The recent impressive rally of the meme cryptocurrency ran into a roadblock, with a steep 32% slide from its peak price of $0.8837.
According to analytics platform Santiment, bearish sentiment is rising. For the first time in weeks, sentiment indicators have plunged below neutral territory—a sharp contrast to the upbeat outlook that has characterized trading sentiment until recently.
The funding rate of GOAT still remains above zero, but its gradual decline amidst a growing open interest suggests that traders are increasingly hedging their positions through short contracts. This growing bearish positioning could add further downward pressure on prices.
Currently, eyes are on the critical resistance at $0.62. If prices remain contained below, it could unleash a wave of sell orders and might plunge prices further down, as low as $0.46 if it were to close below this level. That would be an enormous squashing for investors who bought into GOAT during the recent rally.
Despite those disappointments, some market players have seen the current pullback as a healthy correction after GOAT's tremendous, astronomical rise.
#GOATMoments
#CryptoPreUSElection
Bitcoin ( $BTC ) ETFs Break Records With $63 Billion in Holdings, Surpassing Gold ETF's Historic Launch
Spot Bitcoin ETFs have rallied to be powerhouse investment vehicles, accumulating 938,000 Bitcoin worth $63.3 billion in the first year of trading. That represents 4.5% of Bitcoin's total circulating supply, with wider crypto investment funds pushing the total to 1.1 million Bitcoin.
According to a report by Binance Research, the first Gold ETF that went live in 2005 drew in a then-record $1.5 billion in its first year. In contrast, Bitcoin ETFs have already captured more than $21 billion in inflows in just 10 months of action with unparalleled investor appetite.
Market leadership has consolidated among three players, BlackRock's IBIT, Grayscale's GBTC, and Fidelity's FBTC, who together hold 84% of the ETF market. BlackRock's offering has amassed the lion's share of new investments, underlining the firm's leading position in the space.
But most unexpectedly perhaps, it is retail investors that currently lead the charge, accounting for 80% of the money put into Bitcoin ETFs so far. Institutional participation is, however, gathering pace: well over 1,200 institutional investors are now on board, with big-name entrants including Goldman Sachs, Morgan Stanley, and the State of Wisconsin Investment Board.
Meanwhile, that success story hasn't played out for all cryptocurrency ETFs. Ethereum spot ETFs have failed to gain much traction, recording more than $103 million in outflows since their launch, with negative flows dominating eight of the 11 weeks of trading.#BinanceBlockchainWeek
#CryptoPreUSElection
#BTC67KRebound
Spot Bitcoin ETFs have rallied to be powerhouse investment vehicles, accumulating 938,000 Bitcoin worth $63.3 billion in the first year of trading. That represents 4.5% of Bitcoin's total circulating supply, with wider crypto investment funds pushing the total to 1.1 million Bitcoin.
According to a report by Binance Research, the first Gold ETF that went live in 2005 drew in a then-record $1.5 billion in its first year. In contrast, Bitcoin ETFs have already captured more than $21 billion in inflows in just 10 months of action with unparalleled investor appetite.
Market leadership has consolidated among three players, BlackRock's IBIT, Grayscale's GBTC, and Fidelity's FBTC, who together hold 84% of the ETF market. BlackRock's offering has amassed the lion's share of new investments, underlining the firm's leading position in the space.
But most unexpectedly perhaps, it is retail investors that currently lead the charge, accounting for 80% of the money put into Bitcoin ETFs so far. Institutional participation is, however, gathering pace: well over 1,200 institutional investors are now on board, with big-name entrants including Goldman Sachs, Morgan Stanley, and the State of Wisconsin Investment Board.
Meanwhile, that success story hasn't played out for all cryptocurrency ETFs. Ethereum spot ETFs have failed to gain much traction, recording more than $103 million in outflows since their launch, with negative flows dominating eight of the 11 weeks of trading.#BinanceBlockchainWeek
#CryptoPreUSElection
#BTC67KRebound
Here’s Why $GOAT, $NOT, and $SCR are Trending This Weekend
Trending status doesn’t always mean price increases so understanding an altcoin is trending is important. On October 25, CoinGecko listed Goatseus Maximus, Notcoi, and Scroll as the top three trending altcoins. Let’s explore why investors are flocking to these 3 cryptocurrencies.
Goatseus Maximus ( $GOAT )
Goatseus Maximus typically captures interest due to the AI+ meme coin trend but another factor contributed to its popularity. On October 24, Binance added GOAT to the futures market, which p
Goatseus Maximus ( $GOAT )
Goatseus Maximus typically captures interest due to the AI+ meme coin trend but another factor contributed to its popularity. On October 24, Binance added GOAT to the futures market, which p
Can Chainlink ( $LINK ) Hold the Line ? Testing Key Support in an Ascending Triangle for a Potential
The cryptocurrency market has been turbulent over the last 24 hours, as rumors of a false U.S. government investigation into Tether (USDT), spread by the Wall Street Journal, combined with rising geopolitical tensions, have sparked a sell-off.
Amid this market-wide decline, Chainlink (LINK) took a sharp hit, dropping over 8% in the past two hours. This pullback places LINK at a critical support level within an ascending triangle pattern, which could either serve as a launchpad for a bullish ral
Amid this market-wide decline, Chainlink (LINK) took a sharp hit, dropping over 8% in the past two hours. This pullback places LINK at a critical support level within an ascending triangle pattern, which could either serve as a launchpad for a bullish ral
Ripple Makes Major Partnerships With IBM & Turkish Bank: Can $XRP Hit $3 ?
Ripple partnerships took a major step forward today. The company signed deals with Garanti BBVA Kripto, Turkey’s second-largest private bank, and IBM. XRP currently trades at $0.527. The international expansion deal sparked price movement talks toward $3.00.
Markets reacted fast to the Ripple partnerships, with trading volumes jumping on major exchanges. Early signs suggest strong institutional support for these new partnerships.
Exploring Ripple’s Global Expansion and Its Impact on XRP’s Futu
Markets reacted fast to the Ripple partnerships, with trading volumes jumping on major exchanges. Early signs suggest strong institutional support for these new partnerships.
Exploring Ripple’s Global Expansion and Its Impact on XRP’s Futu
Scroll ( $SCR ) joins 2024’s L2s in a race to the bottom
News of the SCR token launch was met with initial excitement. However, Scroll has found it challenging to gain market traction compared to similar projects.
Among other updates that left them underwhelmed around the time of the airdrop, they especially worried about the percentage allocated to the Binance launchpool. Ye Zhang, a co-founder of the Scroll network, defended the project’s decision to favor Binance by saying they did it for the long-term benefits.
They have since learned the hard way
Among other updates that left them underwhelmed around the time of the airdrop, they especially worried about the percentage allocated to the Binance launchpool. Ye Zhang, a co-founder of the Scroll network, defended the project’s decision to favor Binance by saying they did it for the long-term benefits.
They have since learned the hard way
Market Declines Following Geopolitical Tensions and Regulatory Scrutiny
The cryptocurrency market experienced a significant downturn. Bitcoin’s price fell by 2%, retreating to the support level of $65,500. Following Israel’s attacks on Iran’s military targets, further declines were observed in altcoins, creating renewed uncertainty in the crypto market and other risk assets.The Impact of Israel’s Strikes on Iran on the Crypto MarketTensions in the Middle East escalated with Israel’s “decisive strikes” on Iran’s military bases. Media reports indicated several powerful explosions were heard in Tehran, Iran’s capital. This development triggered panic in the crypto market, leading to a wave of selling among traders.The Effect of Tether Investigation on Bitcoin and AltcoinsThe U.S. Department of Justice’s investigation into Tether contributed to another decline in the crypto market. The issuer of the USDT stablecoin rejected these new allegations, claiming they were reported irresponsibly. However, the report led to Tether losing its USD parity, with USDT trading at $0.9983, down 0.11% at press time.This pressure on Bitcoin and altcoins caught the attention of market analysts. Benjamin Cowen indicated that altcoins might face further declines in the upcoming months. While Bitcoin has historically recovered quickly after previous attacks, altcoins appear to be more fragile.Meanwhile, Hilary Allen, a law professor at American University, commented on the implications for the crypto sector, stating that Tether’s collapse would be disastrous for the crypto economy. Jeff Dorman, Arca’s chief investment officer, suggested that the market has become resilient to such regulatory developments, predicting minimal long-term effects.Recent developments indicate that volatility in the crypto market may continue. Traders remain cautious in the face of geopolitical risks and regulatory news, making it essential for market participants to stay vigilant in this uncertain environment.
#CryptoPreUSElection
The cryptocurrency market experienced a significant downturn. Bitcoin’s price fell by 2%, retreating to the support level of $65,500. Following Israel’s attacks on Iran’s military targets, further declines were observed in altcoins, creating renewed uncertainty in the crypto market and other risk assets.The Impact of Israel’s Strikes on Iran on the Crypto MarketTensions in the Middle East escalated with Israel’s “decisive strikes” on Iran’s military bases. Media reports indicated several powerful explosions were heard in Tehran, Iran’s capital. This development triggered panic in the crypto market, leading to a wave of selling among traders.The Effect of Tether Investigation on Bitcoin and AltcoinsThe U.S. Department of Justice’s investigation into Tether contributed to another decline in the crypto market. The issuer of the USDT stablecoin rejected these new allegations, claiming they were reported irresponsibly. However, the report led to Tether losing its USD parity, with USDT trading at $0.9983, down 0.11% at press time.This pressure on Bitcoin and altcoins caught the attention of market analysts. Benjamin Cowen indicated that altcoins might face further declines in the upcoming months. While Bitcoin has historically recovered quickly after previous attacks, altcoins appear to be more fragile.Meanwhile, Hilary Allen, a law professor at American University, commented on the implications for the crypto sector, stating that Tether’s collapse would be disastrous for the crypto economy. Jeff Dorman, Arca’s chief investment officer, suggested that the market has become resilient to such regulatory developments, predicting minimal long-term effects.Recent developments indicate that volatility in the crypto market may continue. Traders remain cautious in the face of geopolitical risks and regulatory news, making it essential for market participants to stay vigilant in this uncertain environment.
#CryptoPreUSElection
Solana ( $SOL ) Sees a 17% Price Surge Amid Major Whale Activity
Solana (SOL) has experienced a remarkable 17% price surge over the past week, driven by substantial activity from large holders, commonly referred to as “whales.” On-chain data reveals that in the last three days, a fresh wallet has withdrawn 150,011 SOL tokens, equivalent to $26.25 million, from Binance. The whale then proceeded to stake these tokens, adding fuel to the growing market interest surrounding Solana’s blockchain ecosystem.
According to Lookonchain, the whale activity, reflected in
According to Lookonchain, the whale activity, reflected in
Ethereum Watch : Could December Bring a Price Drop Similar to Past Cycles ?
As 2024 winds down, Ethereum (ETH) is printing bearish signals as price patterns resemble past market cycles. Year-end often brings volatility, and December might not be an exception. In 2016, Ethereum experienced major price drops in April, August, and December. Current trends suggest a similar downturn may unfold. Should traders prepare for potential declines this December ?
Key Levels to Monitor
The $2,800 price level is critical. If ETH breaks above this price, a deeper drop may be avoided
Key Levels to Monitor
The $2,800 price level is critical. If ETH breaks above this price, a deeper drop may be avoided
Bitcoin ( $BTC ) Rally to $70K Dependents on 350K New Addresses – Here’s Why
Bitcoin [BTC] has seen a significant rise over the past month, reaching a high of $69k after a local low of $58k.
However, there has been a noticeable drop in Bitcoin’s daily active addresses. The number has dipped from 1.1 million to 980k, sparking discussions among analysts.
The Importance of 350k Addresses are vital for Bitcoin to maintain an upward trend.
Increase in new Bitcoin addresses signifies a healthy market.
The 350k level is a critical point distinguishing bull and bear markets. When the number of new addresses falls below this mark, a bear season commences. Conversely, when the number remains above 350k, it indicates a strengthening bull market.
Historically, the number of Bitcoin addresses has been a significant factor in both bull and bear seasons. For instance, Bitcoin addresses have fallen below 250k three times in the past six years, each time followed by a BTC decline.
Implications for $BTC
Despite not yet reaching 350k new addresses, Bitcoin is currently on a strong upward trend. The current market sentiment favors Bitcoin for further gains.
The exchange supply ratio has seen a sharp decrease over the past week, suggesting that holders are accumulating Bitcoin off exchanges with no immediate plans to sell.
Furthermore, Bitcoin’s fund flow ratio has risen over the past week, indicating increased demand and a bullish market sentiment.
At the time of writing, BTC was trading at $67714, a 5.91% increase on monthly charts. If the current market sentiment remains, Bitcoin could potentially reach the $69400 resistance level, where it has previously faced multiple rejections.#BinanceBlockchainWeek
Bitcoin [BTC] has seen a significant rise over the past month, reaching a high of $69k after a local low of $58k.
However, there has been a noticeable drop in Bitcoin’s daily active addresses. The number has dipped from 1.1 million to 980k, sparking discussions among analysts.
The Importance of 350k Addresses are vital for Bitcoin to maintain an upward trend.
Increase in new Bitcoin addresses signifies a healthy market.
The 350k level is a critical point distinguishing bull and bear markets. When the number of new addresses falls below this mark, a bear season commences. Conversely, when the number remains above 350k, it indicates a strengthening bull market.
Historically, the number of Bitcoin addresses has been a significant factor in both bull and bear seasons. For instance, Bitcoin addresses have fallen below 250k three times in the past six years, each time followed by a BTC decline.
Implications for $BTC
Despite not yet reaching 350k new addresses, Bitcoin is currently on a strong upward trend. The current market sentiment favors Bitcoin for further gains.
The exchange supply ratio has seen a sharp decrease over the past week, suggesting that holders are accumulating Bitcoin off exchanges with no immediate plans to sell.
Furthermore, Bitcoin’s fund flow ratio has risen over the past week, indicating increased demand and a bullish market sentiment.
At the time of writing, BTC was trading at $67714, a 5.91% increase on monthly charts. If the current market sentiment remains, Bitcoin could potentially reach the $69400 resistance level, where it has previously faced multiple rejections.#BinanceBlockchainWeek
Why Ethereum ( $ETH ) is Down Today? Is Institutional Demand Shifting to Bitcoin ?
After an unsuccessful attempt to break through the resistance level of around $2760 in the past two weeks, Ethereum (ETH) price has dropped over 5 percent in the last five days to trade at about $2,495 on Friday, October 25, during the early European session. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a daily average traded volume of around $15.8 billion, has signaled further short-term consolidation before an inevitable breakout toward an all-time high.
Factors that Are Weighing Down on Ethereum Bulls in the Short Term
Rising Competition for Other Layer One Blockchains despite the Ethereum network dominating the $87 billion in DeFi space, with a total value locked (TVL) of about $46.7 billion, other layer one chains, led by Solana (SOL), have threatened to dethrone Ether. In the last 24 hours, the Solana and Tron networks registered around 4 million and 2.2 million active addresses respectively while the Ethereum network recorded around 377k.
The emergence of high-performing networks that are affordable has undeniably threatened the dominance of Ethereum in the Web3 ecosystem.
Low Demand from Institutional Investors Compared to Bitcoin
Since the approval of spot Ether ETFs and Spot BTC ETFs, it is clear that more institutional investors are more interested in Bitcoin over Ethereum as an asset class. According to the latest market data, the US spot BTC ETFs have a cumulative net assets under management of about $66 billion, while Ethereum’s only have around $7 billion after a significant bleeding from Grayscale’s ETHE.
As a result, crypto analyst Benjamin Cowen believes that Ethereum’s dominance will continue to drop in the coming weeks and most likely rebound in 2025.
Technical Analysis Aspect
From a technical analysis standpoint, Ethereum price has faced intense resistance of around $2,800 in the past few months. Which means the buyers are struggling to push above the upper boundary.
#ETHBTCNewLow
After an unsuccessful attempt to break through the resistance level of around $2760 in the past two weeks, Ethereum (ETH) price has dropped over 5 percent in the last five days to trade at about $2,495 on Friday, October 25, during the early European session. The large-cap altcoin, with a fully diluted valuation of about $300 billion and a daily average traded volume of around $15.8 billion, has signaled further short-term consolidation before an inevitable breakout toward an all-time high.
Factors that Are Weighing Down on Ethereum Bulls in the Short Term
Rising Competition for Other Layer One Blockchains despite the Ethereum network dominating the $87 billion in DeFi space, with a total value locked (TVL) of about $46.7 billion, other layer one chains, led by Solana (SOL), have threatened to dethrone Ether. In the last 24 hours, the Solana and Tron networks registered around 4 million and 2.2 million active addresses respectively while the Ethereum network recorded around 377k.
The emergence of high-performing networks that are affordable has undeniably threatened the dominance of Ethereum in the Web3 ecosystem.
Low Demand from Institutional Investors Compared to Bitcoin
Since the approval of spot Ether ETFs and Spot BTC ETFs, it is clear that more institutional investors are more interested in Bitcoin over Ethereum as an asset class. According to the latest market data, the US spot BTC ETFs have a cumulative net assets under management of about $66 billion, while Ethereum’s only have around $7 billion after a significant bleeding from Grayscale’s ETHE.
As a result, crypto analyst Benjamin Cowen believes that Ethereum’s dominance will continue to drop in the coming weeks and most likely rebound in 2025.
Technical Analysis Aspect
From a technical analysis standpoint, Ethereum price has faced intense resistance of around $2,800 in the past few months. Which means the buyers are struggling to push above the upper boundary.
#ETHBTCNewLow
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