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Crypto De Nostradame

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Solana (SOL) could rise by 2000 percent: The chart is ready to explode! Can Solana ($SOL ), which is winking at the bull run with its technical structure, experience a 2000 percent increase? Cryptocurrency analyst Peter Brandt stated that Solana (SOL) has formed a cup and handle formation on the weekly chart. The cup-handle pattern develops when the price undergoes a U-shaped recovery that resembles a cup, followed by a consolidation period that resembles a handle. The handle usually signals a moment of indecision as investors gauge whether the uptrend will continue. This is how market psychology looks lately, with the price of $SOL consolidating in the $100-200 range since March 2024. As a rule of technical analysis, the cup-handle formation usually resolves when the price breaks above the common neckline resistance (currently $205) and rises to the maximum distance between the cup's trough and the neckline. The technical structure in question brings SOL's cup and handle target for 2025-2026 to approximately $4,500, an increase of more than 2,000 percent from the current level. However, it is also important to consider the historical possibilities of the cup-handle formation. For example, a study conducted by experienced analyst Thomas Bulkowski, who examined 913 cup-handle charts on the stock market, found that 61 percent of charts with this structure reached their targets. In other words, the cup and handle do not always guarantee a full rise. Tuna Kaya, known for his cryptocurrency analyses, attracted attention with his $SOL analysis on October 21. Tuna Kaya stated that the $163 resistance was finally overcome. According to the analyst, the $190-200 range can be targeted for SOL. The support zones can be followed as $163 - $150 and $140, respectively. The most critical support zone will be the $126 - $120 range. #CryptoDeNostradame #ParrotBambooCrypto

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Memecoins shared by famous name hit rock bottom: Crisis grows! A large portion of memecoins supported by social media phenomenon Andrew Tate have been reset to zero. Andrew Tate was previously accused of insider trading and manipulating the cryptocurrency market. Most of the memecoins supported by the controversial social media figure hit rock bottom, raising concerns about the possibility of insider trading. Tate joined the memecoin movement on the Solana network on June 7 and shared more than 10 tokens on his social media account. However, according to Bubblemaps' X post on October 19, most of these tokens lost 99 percent of their value shortly after Tate's post. Andrew Tate first bought $GER (Germany Token). He held 30 percent of the supply and the price fell 99 percent in two months. Not only Tate, but also many memecoins shared by celebrities such as 50 Cent, Caitlyn Jenner, and Iggy Azalea have fallen to zero. Most other cryptocurrencies backed by Tate have lost over 90 percent of their value. These include FTRISTAN, TopG (TOPG), RNT (RNT), and Daddy Tate (DADDY). In June, more than 30 celebrity-backed tokens produced on the Solana network saw their prices drop by 73.23 percent. UFC competitor Khamzat Chimaev’s Smash (SMASH) token was also the target of insider allegations after it was revealed that 78 percent of the token supply was purchased by wallets related to the project team and the developer. The vast majority of celebrity-backed memecoins have fallen by at least 66 percent in the first week of their launch. These include Caitlin Jenner (JENNER), Timeless Davido (DAVIDO), and Rich The Kid (RICH). $BTC $ETH $BNB #CryptoDeNostradame #ParrotBambooCrypto

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“Bitcoin Should Be Banned or Taxed” The Minneapolis Federal Reserve Bank has suggested that if the government bans or taxes Bitcoin, it will run permanent budget deficits. The Minneapolis Fed’s October 17 report suggested that Bitcoin would be problematic at a time when governments are trying to run permanent deficits using nominal debt. According to the report, governments should tax or ban assets like Bitcoin in order to sustain budget deficits. “Bitcoin is a problem for governments” The Minneapolis Fed claimed that Bitcoin has created a “balanced budget trap,” an alternative situation where governments are forced to balance their budgets. The research report included the following statements; “A potential ban on Bitcoin could create a unique application of permanent primary deficits. Bitcoin could also be taxed.” The primary deficit occurs when governments spend more than they collect in taxes and other revenues. The term “permanent” used for the primary deficit means that the government plans to continue spending more than its revenue indefinitely. The total accumulated national debt of the United States has exceeded $35.7 trillion. On the other hand, the primary deficit, which is the annual difference between tax revenues, is around $1.8 trillion. Reuters reported that this year’s deficit, the largest outside of the COVID-19 period, is related to treasury costs. The news reported that interest costs on treasury debt increased by 29 percent to $1.13 trillion. Matthew Sigel, head of digital asset research at VanEck, commented on the Minneapolis Fed’s rhetoric regarding Bitcoin. Sigel noted the following; “The government dreams of a ‘legal ban’ and extra taxes on $BTC to ensure that its debt remains the ‘only risk-free security.’” $ETH $BNB #CryptoDeNostradame #ParrotBambooCrypto

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“Five altcoins to accumulate for the upcoming altcoin bull” Analysts have associated the strong outlook in ETH and BTC with the altcoin bull. Analysis platform Coinpedia has listed five altcoins with potential to accumulate for a possible altcoin bull. The analysis included the following statements; “The top five altcoins with the potential to dominate the crypto space in the fourth quarter” Here are those altcoins… ApeCoin (APE) ApeCoin ($APE ) has launched its blockchain initiative ApeChain. The initiative has increased the APE price by over 100 percent. Coinpedia added APE to the first row of its potential bull basket. The analysis included the following statements; “APE is currently trading 46 percent away from its yearly high. This indicates a high probability of an uptrend. The APE chart points to a bullish outlook this week.” Arbitrum (ARB) Arbitrum (ARB), a Layer-2 project, gained momentum as the ETH price exceeded $2,700. ARB reached $0.6 with a 10 percent increase in the last 24 hours. ARB, with a market value of $2.42 billion, recorded a trading volume of over $300 million in the last 24 hours. Jupiter (JUP) Jupiter ($JUP ), a decentralized exchange on the Solana blockchain, has seen significant growth in recent days. Jupiter, which increased its network activity, created its own wallet and expanded its user pool, gave a bullish signal. JUP increased by 10.68 percent in the last 24 hours. DYDX The fluctuations in the crypto market also affected the decentralized finance (DeFi) project DYDX. DYDX experienced a 2,380 percent increase in daily trading volume. The transaction increase in question was reflected positively in the price and DYDX increased by 28.41. Mina (MINA) Mina ($MINA ), which is reflected as the world's lightest blockchain, has gained remarkable momentum recently. Although MINA could not break the potential resistance level of $ 0.65, it managed to remain strong. It is thought that MINA, which is traded at $ 0.62, will continue its rise. #CryptoDeNostradame #ParrotBambooCrypto

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The ApeCoin (APE) rally has begun: The memecoin frenzy continues! The once popular altcoin ApeCoin ($APE ) has taken off with the memecoin trend. The launch of ApeChain had a critical impact on the market. According to Camelot DEX, ApeChain recorded a trading volume of $5 million in just three hours. With the memecoin frenzy on ApeChain, sharp increases were observed in the APE price. Its total volume on the chain increased by almost 3000 percent, approaching $1 billion. These figures show how quickly the market reacted, and it is clear that ApeChain has already made a big leap. The ApeCoin team announced the launch of Apechain at the ApeFest 2024 NFT event in Lisbon. Apechain is defined as a private network that facilitates decentralized applications (dApps). APE will be used in transactions on the network. Apechain will allow developers to build applications that integrate directly into the $APE ecosystem. Memecoin hunters, on the other hand, liked ApeChain a lot. The brand new network ApeChain came to the fore with the sharp rise of memecoins in the ecosystem. ApeCoin, which came to the fore with the attention ApeChain attracted and Bitcoin exceeded $ 69,000, increased by 140 percent in just two days. The popular altcoin, which has been rising breathlessly since $ 0.75, tested $ 1.80. APE, which faced selling pressure at $ 1.80, is changing hands at $ 1.60 as of the writing of the news. If ApeChain activity increases, $BTC breaks $ 70,000, or BTC dominance decreases, $ 2 can be targeted for ApeCoin. #CryptoDeNostradame #ParrotBambooCrypto

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