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New Dogecoin Addresses Jump 72% In One WeekâRetail Finally Here? The adoption of Dogecoin, particularly by new investors, has been rapid. On X, crypto expert Ali Martinez reported a significant increase in meme coin daily addresses. Dogecoin daily address registrations increased 72% in a week. This signals greater acceptance, which might bring fresh money into meme currency. Jumping 72% in One Week As the crypto market entered October, Dogecoin averaged 11,500 new addresses each day, matching its previous week's rates. As September ended, network activity increased significantly. Monday, September 20, the final day of the month, saw 19,630 new network addresses registered in one day. The Dogecoin price rose as the new daily address increased 72.29%. Dogecoin daily active addresses also increased, along with daily new addresses. The on-chain aggregator IntoTheBlock reported 58,180 daily active addresses, up from 43,860 last week. This increased active addresses by 37.23% in 7 days. However, Dogecoin non-zero addresses increased significantly, which might be negative. Some addresses no longer store DOGE tokens. Therefore, they may have sold all their coins or aggregated them into other wallets. The number of non-zero addresses increased 46.25% in 7 days. What's Driving Dogecoin's Rise? The current market bullishness may explain Dogecoin metrics' rise. October and the fourth quarter have been fantastic for Dogecoin. Thus, DOGE should continue its strong increase this month. Unfortunately, Dogecoin has declined more than 5% to start the month. This suggests that the meme coin's price is rising despite market expectations and may not come true. CryptoRank reports a 7.28% October return for DOGE. Despite this positive average, it is still one of the most bearish months compared to January (91.5%), April (68.2%), and December (26.4%). #DOGE $DOGE #BTCReboundsAfterFOMC
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Uptober has here; which cryptocurrencies are whales purchasing? The cryptocurrency market has a track record of success in the fourth quarter. Investors hope to recover from the annual trading and crypto buying losses in October, often known as Uptober. A lot of randomness and volatility has been going on in the cryptocurrency market as of late. A list of the top ten digital assets with a market valuation of over $2 billion was published by market intelligence platform Santiment. At the tail end of September, these tokens saw the greatest amount of whale activity. A 456% increase puts injective at the top, while a 59% jump puts optimism in tenth place. Wrapped Bitcoin (WBTC) comes in at number two, with a 421% increase in whale activity. Third place goes to Shiba Inu (SHIB), which had a 360% rise. Fourth place goes to MakerDao's DAI, which had a 147% increase. The stablecoin is tied to the US dollar in a 1:1 ratio and has a market worth of $5.3 billion. Pepe (PEPE) is worth $4.5 billion and ranked sixth after a 109% increase. Ranking seventh, eighth, and ninth, respectively, with 67%, 67%, and 62% market surges, are USDe, Dogecoin (DOGE), and Wrapped Ether (WeETH), the stablecoins created by Ethena Labs. Aside from these cryptocurrency currencies, investors have started paying attention to airdrops from games like Hamster Kombat that are based on Telegram. There is a lot of interest in the price fluctuations of Bitcoin. Compared to its all-time high of $73,000, Bitcoin is now trading in a range of $62,000 to $64,000, a decrease of almost 13%. Notably, an inactive Bitcoin whale address with 41 BTC in it has just come back online after being idle for 10.7 years. In the second phase, new whales transition into retail investors; in the third and final phase, retail investors "hodl" their Bitcoin until they develop into whales. #BinanceLaunchpoolHMSTR #IranianMissilesPlummetsBTC BTCUptober BTCPredictedNewATH $BTC
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Floki Price Drops 10% After Iran Missile Strike on Israel Floki Inu (FLOKI) fell 10% on Wednesday, October 2, as crypto market risk-off sentiment expanded after Iran's missile assault on Israel on Tuesday. Since stabilizing in the mid-$0.00013s, slightly above its 50-day moving average (DMA), Floki has given bulls confidence that the market's early September bullish momentum would continue. FLOKI fell 22% from last week's $0.00017s highs while testing its 200DMA. This momentary stability leaves the Floki price exposed to additional fall. Due to their speculative character and minimal usefulness beyond community support, meme coins are generally sold first amid market risk. Investors are wary of international tensions, especially Israel's possible military retaliation to Iran's missile assault. Israel may retaliate militarily before Friday, attracting large nations and disrupting oil supply, according to polymarket bettors. FLOKI is especially vulnerable to such uncertainty in the crypto market. Technical analysis shows FLOKI above its 50DMA, but bears fear a breach below the uptrend from August's $0.000097 lows. This bearish breakthrough might send Floki to its prior lows if Israel conducts a major attack against Iran. Oil prices might spike, complicating global inflation after central banks like the Federal Reserve lowered interest rates to curb inflation. Disruptions to oil production, notably via the Strait of Hormuz, might deplete Saudi Arabian oil supplies and cause economic chaos. Impact on worldwide markets and Floki price might be significant. This might cause meme currency investors like FLOKI to panic and sell, worsening the decline. #FLOKI $FLOKI @Floki Inu
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Will XRP's Rise Make Millionaires in 2024? Price Analysis: XRP XRP has fallen 4.5% in 24 hours to $0.6003 as the crypto market loses 5% today. XRP is up 2% a week, 9% a month, and 15% a year. After the Fed's rate reduction last month, the market looks to be correcting, with purchasers scared by Middle East aggression. Despite this drop, XRP is still on track to make a rebound and conclude the year well. Will XRP's Rise Make Millionaires in 2024? Price Analysis: XRP Positives from today include XRP's signs suggesting a correction. Its 30-period moving average (orange) has gone below its 200-period average, indicating negative. A âdeath crossâ is a forerunner to XRP's slide bottoming out, and the discount may attract buyers back to the market. Similar thing happened with XRP's relative strength index (purple), which sank to an oversold 30 this morning and is currently fighting to reach 50. With its 24-hour trading volume exceeding $3 billion, XRP is more likely to recover the longer this continues. This volume implies continuous demand for XRP, which is encouraging. Whales are now more inclined to sell XRP than acquire it, but evidence indicate a change is imminent. Today, corrective profit-taking and Middle East anxieties are pushing down prices and conventional stock markets. XRP and most other cryptos are failing because crypto and equities have a loose association. Before yesterday's geopolitical news, the XRP price was on track for an end-of-year bull run. More importantly, Ripple has been forming collaborations in the weeks after its $125 million SEC settlement, bolstering XRP's standing. Based on this, XRP might hit $0.70 by November and $1 by year's end. #XRP $XRP #BTCReboundsAfterFOMC #IranianMissilesPlummetsBTC
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