The post Triple Top Spotted on BNB, Eyes on 18% Price Decline appeared first on Coinpedia Fintech News

Following an impressive price surge of over 25%, Binance Coin (BNB) now appears bearish and a price decline may be seen in the coming days. The negative outlook for BNB is likely due to the formation of a bearish price action pattern on the daily chart and concerning on-chain metrics.

BNB Technical Analysis and Upcoming Levels

According to CoinPedia’s technical analysis, BNB has formed a bearish triple-top price action pattern on its daily chart, which investors and traders consider a negative sign. Based on the data, when an asset forms a triple-top pattern over a longer period, a significant price decline typically follows. 

Source: Trading View

In addition to this pattern, BNB has been forming a bearish evening star candlestick pattern near the resistance level of $605. The evening star is a bearish reversal pattern that suggests a potential shift from an uptrend to a downtrend. This combination of a bearish pattern and the evening star on the asset has begun to shift market sentiment among traders.  

Based on historical price momentum, there is a strong possibility that the BNB price could decline by 18% to reach the $480 level in the coming days. However, this bearish thesis will only hold if BNB remains below the $620 level, otherwise, it may fail.

BNB’s Bearish On-chain Metrics 

Besides this technical analysis, the current negative outlook is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, BNB’s Long/Short ratio currently stands at 0.869, the lowest since August 27, 2024. This indicates a strong bearish sentiment among traders.

Source: Coinglass

Additionally, its open interest declined by 7% in the last 24 hours, indicating growing fear among traders, likely due to the bearish price action pattern. Currently, 53.71% of top traders hold short positions, while 46.29% hold long positions.

While combining all of BNB’s on-chain metrics with its price action, it appears that bears are dominating the assets and may cause a significant price decline in the coming days.

Current Price Momentum 

At press time, BNB is trading near $590 and has experienced a price decline of over 2.75% in the last 24 hours. Meanwhile, its trading volume has declined by 12% during the same period, indicating lower participation from traders and investors.

The post Is the Bitcoin Bull Run Over? Sharpe Ratio Hits ‘High Risk’ Zone appeared first on Coinpedia Fintech News

A crypto technical analyst, Ali Martinez, recently sparked debate on X by sharing a revealing Bitcoin Sharpe Ratio chart. According to the data, Bitcoin entered a ‘high-risk’ zone in March 2024, raising concerns about potential market repercussions. But what does this mean for Bitcoin’s price, and should we expect a correction soon?

Let’s dive into the data and assess whether this looming correction is something we need to prepare for.

Are We Facing a Bitcoin Price Drop?

Martinez’s post ignited widespread conversation among crypto enthusiasts, with many speculating about Bitcoin’s future. A majority of opinions suggest that Bitcoin could be on the verge of a price correction. The shared sentiment is that the market’s entrance into the ‘high-risk’ zone on the Sharpe Ratio chart could indicate a bumpy road ahead.

But is it too early to draw such conclusions?

Check out this chart and answer these questions:1⃣ What typically happens when the #Bitcoin Sharpe Ratio enters "high risk" territory? 2⃣What have we seen over the past 10 years?3⃣ What will happen now that the $BTC Sharpe Ratio entered "high risk" in March? pic.twitter.com/0jfvH6Brov

— Ali (@ali_charts) September 24, 2024

Bitcoin Sharpe Ratio Analysis 

Before we delve deeper, it’s important to understand the Sharpe Ratio. This metric evaluates an asset’s returns relative to the risks involved. It’s a key tool used to determine whether the market is compensating investors for the risks they’re taking on.

In March 2024, the Sharpe Ratio for Bitcoin hit 2.2835—an important figure, as the last time it reached such heights was in April 2021, at 2.3679. Interestingly, in November 2022, it dropped to a staggering low of -2.0142. This sharp contrast shows the volatility Bitcoin can experience when the ratio reaches its extremes.

Historical Trends: What Does the Data Show?

Looking at past data, Bitcoin’s price often experienced volatility when the Sharpe Ratio peaked. Significant dates like March 2013, November 2017, and January 2021 showcase similar trends, where the ratio’s high values preceded price corrections or downtrends. Could history be repeating itself?

Also Read :

  Bitcoin Bull Run 2024: Crypto Expert Eyes $64K as Dollar Weakens

  ,

While it’s clear that Bitcoin’s entry into the ‘high-risk’ zone on the Sharpe Ratio is a significant event, it’s important to approach predictions cautiously. The data suggests that a price correction could be on the way, but market factors are ever-changing.

As always, careful analysis and a watchful eye are key for any investor navigating these volatile waters.

The post Hamster Kombat’s Roadmap For 2025, Web3 Gaming, NFT Rewards, Token Buybacks and More appeared first on Coinpedia Fintech News

Hamster Kombat has revealed an ambitious roadmap for 2025 following its token launch on The Open Network (TON). Its Plans include new Web3 gaming expansions, NFT rewards, and a token buyback strategy, signaling big changes for the hit Telegram game. It also revealed Web3 Gaming Plans for 2025. 

Hamster Kombat’s Ambitious Roadmap

In October, Hamster Kombat plans to launch the second season of the game and will look to rapidly expand its game library with new titles.

The developers are also looking to integrate “external payment systems” to help create an on-ramp into the game. This will help once the game integrates NFTs into the game in November. Also, Hamster Kombat will look to publish its first “cohort of games” created by third-party developers.

These games are likely to be found within the upcoming Hamster Kombat progressive web app (PWA) for iOS, Android, and desktop, which would mark the start of the game becoming less reliant on Telegram.

How To Engage Users Post-airdrop

On Sept. 23, the Hamster Kombat team revealed the allocations for its anticipated airdrop event. Out of its 300 million users, only 131 million are eligible to receive their airdrop, which represents only 43% of its total users.

The team behind Hamster Kombat also has strategies in place for keeping users engaged after airdrops. The team said that “11.25% of tokens distributed after Season 1 will be vested and unlocked 10 months after the listing. Given the project’s rapid development, the value of these tokens can be comparable to the initial unlock.”

The team would focus on the value proposition related to games within its ecosystem and not just earnings. “This approach is different from the traditional one, where Web3 developers are paying airdrop hunters,” they added. 

By creating engaging content, the team plans to onboard more players by combining the best of Web2 and Web3.

Hamster Kombat Plans For Token buyback and burning

Moreover, the company will launch a dedicated advertising network that will be used by games in the Hamster ecosystem, which will be released in December 2024. 

The team noted, “We’re also planning to use ad revenue to buy back tokens from the market for regular distribution to players and token burns.”

While Telegram will always be a crucial part of Hamster Kombat and its ecosystem of products, the team shared that they are looking to expand to capture the audience that isn’t on Telegram

The post MicroStrategy Outshines BlackRock’s IBIT—Unbelievable Market Shift appeared first on Coinpedia Fintech News

The launch of BlackRock’s iShares Bitcoin Trust was sensational and marked the beginning of a new trend in the cryptocurrency industry. IBIT now has the highest assets under management of $17.24B and the highest market cap of $23.02B.

At the start of the IBIT, the price was around $27.96, and it now stands at $36.64. This indicates that the market has seen at least a 31.04% rise so far. Impressive, isn’t it? Recently, an attempt has been made to compare the IBIT market with the MicroStrategy market. The outcome may leave you astounded, No doubt! 

MicroStrategy Market Growth: A General Analysis 

At the start of the year, MicroStrategy’s price was around $69.16. It experienced strong upward momentum between late January and late March, taking the price to a yearly peak of $195.15. Later, it slipped to a low of 101 on May 24.

In late May and late July, the market made strong attempts to lift the price, but it failed to cross the significant level of $190. Now, the price remains at $153.88. This implies that this year, the market has experienced a growth of at least 122%—far higher than the growth rate achieved by BlackRock’s iShares Bitcoin Trust. 

Why MicroStrategy Outperforms IBIT?

While analyzing the MicroStrategy market, we should not ignore the fact that it has a significant number of Bitcoin holdings, approximately 252,000 Bitcoins, and it does not charge a penny as a management fee. This cost-effective status of MicroStrategy is crucial, especially when iShare Bitcoin Trust charges a hefty 0.25% expense ratio.

Another important reason the MicroStrategy market stands out is its diversified business model. This indicates, simply, that MicoStrategy is less susceptible to Bitcoin market fluctuations compared to the IBIT ETF, which almost completely relies on the BTC market. 

MicroStrategy is outpacing BlackRock's $IBIT by over 3x year-to-date. A check on $MSTR's unique strategies and market dynamics set them apart in the #bitcoin investment arena. by @btcjvshttps://t.co/Ej7BnFMJsc

— CoinDesk (@CoinDesk) September 25, 2024

Financial Flexibility Gives MicroStrategy an Edge 

For its nature, MicroStrategy is free to try different innovative possibilities. Recently, it has raised funds through convertible note offerings. At this stage, IBIT cannot explore all these possibilities. IBIT’s net flow this year is $20.92B. In the last six months, it has experienced a net flow of $7.6B. In the last month, it has witnessed at least $379.63M in net flows. 

In conclusion, though the IBIT ETF has won the heart of the cryptocurrency community and attracted investors, MicroStrategy has managed to outperform the rival’s fresh charm with its cost-effective status, its higher degree of detachment from the BTC price volatility and its ability to execute innovative business strategies. 

Stay tuned to Coinpedia for more interesting comparative analysis!    

The post Visa To Launch Its Tokenised Asset Platform For Banks in 2025 appeared first on Coinpedia Fintech News

Visa plans to launch its Tokenized Asset Platform (VTAP) for banks in 2025. This platform will let banks issue fiat-backed tokens for use on the Ethereum blockchain, aiming to enhance transaction speed and security. Visa’s platform seeks to streamline banking transactions and boost security by using Ethereum’s smart contracts. One of the first financial institutions to use VTAP will be Spanish bank BBVA, which expects to roll out a live pilot in 2025.

The post Chainalysis CEO Says Stablecoin Will Institutional Adoption In Asia appeared first on Coinpedia Fintech News

Chainalysis co-founder and CEO Michael Gronager in an interview at Token2049 in Singapore stated that Stablecoins will drive institutional adoption in Asia, “even if regulators are not happy with it”. He highlighted that two-thirds of all transactions in transaction volume on blockchains are stablecoins. He also stated that while Asia has greater user adoption, the U.S. is still the more influential geography. He also shared that it won’t matter much whether Donald Trump or Kamala Harris wins the upcoming US elections.

The post VanEck Says SOL Has The Potential To Reach 50% of Ethereum’s Market Cap appeared first on Coinpedia Fintech News

With Solana being named the ‘Ethereum Killer’, VanEck has said that the network has the potential to reach 50% of Ethereum’s market cap. A recent report from its research firm notes that SOL could eventually target a $330 price, as it narrows the gap on ETH. VanEck also highlighted how Solana processes 3,000% more transactions than Ethereum at a nearly 5 million percent lower cost for transaction fees, and its daily active users are up about 1,300%. Also, the use cases in DeFi, payments, and remittances make Solana a hot contender to continue higher.

The post John Deaton Lashes Out At SEC and Gensler, Calls For Elected Leaders To Pay Attention appeared first on Coinpedia Fintech News

Mark Cuban in a tweet earlier today shared that he spoke to the Harris team today who told him clearly that they are against “regulation through litigation”.  He further mentioned, “CYA Gensler. You leaving is worth a point in GDP growth.”

Anthony Scaramucci also shared a tweet saying “Gary Gensler please resign for the sake of the country(US).”

Crypto advocate John Deaton, in a recent X post featuring both the comments admitted that he has been fighting the SEC Chair Gary Gensler and the lawyers at SEC, who have followed his lead for almost 4 years now. 

John Deaton Cites Various Instances

He remarked, “Let’s not forget, a lifelong Democratic Judge, appointed by Barack Obama, agreed with ME and the 75K holders who joined me when I intervened in the Ripple case against the SEC. “In fact, Judge Torres cited my amicus brief and referenced my pro bono efforts in her summary judgment decision,” he added.

He also urged to take into account that a federal judge, overseeing discovery in the Ripple Case had issued a ruling that stated that the lawyers at the SEC were not only being hypocrites, but they “lacked faithful allegiance to the law.” 

Deaton Criticizes Senator Warren

He emphasized that it was a “direct quote” and that it should have caused the Senior Senator from Massachusetts, Elizabeth Warren who sits on the senate committee overseeing the SEC, to do her job and protect consumers from a rogue agency that lacked faithful allegiance to the law. 

He stressed that as a private citizen, he has conducted more oversight of the SEC, through litigation and FOIA requests, than Senator Warren has done while sitting on a committee that oversees the SEC. He also added he did all that work for free and at the expense of his own business.  

“Political Agendas”

He also mentioned the Grayscale case where an appellate court found that the SEC acted “arbitrary and capricious – a very difficult standard to meet.” He underscored that instead of honoring the law, Senator Warren encouraged Gensler to ignore the appellate court and deny a spot Bitcoin ETF as it would help her own political agenda. He also included that it appears Gensler is not the only one lacking faithful allegiance to the law. 

He also noted the Debt Box case where, a federal judge sanctioned the SEC for deliberately lying to the Court and acting as the corrupt, deceitful agency it has become under Gensler’s leadership. 

He shared “What’s truly sad is that Gensler has dishonored the countless number of good people working under him and who no doubt want to do the right thing.”

Lastly, he highlighted that when leaders like Scaramucci and Mark Cuban, who are actively advising Kamala Harris and her team, are speaking out against Gensler and how he’s hurting America and American entrepreneurs and consumers, then it’s time for the elected leaders to pay attention.

The post Solana Crypto Price at $150—Here’s What to Expect From the SOL Rally as $200 Appears Too Far appeared first on Coinpedia Fintech News

Solana has been one of the hottest chains, probably more than Ethereum or Bitcoin, as the platform has been tremendously active. The activity on the platform surged massively which raised the possibility of rising above the pivotal resistance at $150. However, the bulls are again falling weak after testing these levels, and hence the possibility of testing the higher target appears pretty vague. 

The SOL-based memecoins, AI-tokens, etc have been making huge noise in the crypto markets, due to which the platform’s trading activity surged. However, this does not appear to have any major impact on the SOL price as it is unable to clear an interim barrier at $155. However, the bulls have continued to dominate the rally since the start of the month and hence they are speculated to close the trade on a bullish note. 

But how? With the technicals turning bearish, how will SOL prices maintain a healthy upswing?

The weekly price chart of SOL offers a clear picture of the current state of the token which appears to be preparing for a breakout. Ever since the rejection from the highs around $200, the token’s resistance has been declining, which has been coupled with a declining volume as well. Soon the volume is expected to face extreme compression, which usually results in a massive explosion. And this compression may end up with the end of the ‘bearish September’. 

Secondly, after withstanding consecutive bearish weeks, the bulls are trying to increase their dominance this week, as suggested in the weekly bull-bear power. The rise in the bullish strength may offer some hopes of a strong ascending trend in the days to come. However, the RSI formations may raise some concerns as it appears to be forming another lower high, hinting to trap the bulls at $150 after trapping initially at $200 and later at $175. 

Regardless of the bearish clouds hovering over the token, the bullish expectations do make some room. Therefore, the upcoming monthly close may have a huge impact, as a close above $155 to $158 may raise hopes of reaching $180 in October. Otherwise, the horizontal consolidation may persist until the start of a fresh bullish wave. 

The post Sell-off Alert! Bitcoin Whales Sold $1.28 Billion of BTC, Price Drop Coming? appeared first on Coinpedia Fintech News

Bitcoin (BTC), the world’s biggest cryptocurrency by market cap, might experience a significant price drop as whales have sold billions worth of BTC. 

Bitcoin Whales Dump 20,000 BTC 

On September 25, 2024, a prominent crypto analyst made a post on X (previously Twitter) stating that Bitcoin whales sold over 20,000 BTC, worth $1.28 billion over the past 24 hours. 

#Bitcoin whales sold over 20,000 $BTC in the past 24 hours, worth around $1.28 billion! pic.twitter.com/METXwmIxCn

— Ali (@ali_charts) September 25, 2024

This significant BTC sell-off occurred near a strong resistance level of $64,800, where there is a history of price reversals and selling pressure. Additionally, this is the second time that BTC has reached this level since August 2024. The last time it reached this level, it experienced a notable price decline of over 16%. However, traders and investors speculating about a similar price reversal reversal this time.

BTC Current Price Momentum 

At press time, BTC is trading near the $63,720 level and has experienced a price surge of over 1.35% in the past 24 hours. During the same period, its trading volume increased by 6%, indicating higher participation from traders and investors.

Bitcoin Technical Analysis and Key Levels

According to the expert technical analysis, BTC appears bearish, likely due to the $1.28 billion asset dump and the bearish double-top price action pattern on a daily time frame. In trading or investing, traders and investors often consider this pattern as a negative sign and suggest a potential price reversal.

Source: Trading View

With this pattern on a daily time frame, there is a strong possibility that the BTC’s price could decline by 10% to the $57,300 level in the coming days. However, this negative outlook will remain valid unless BTC closes a daily candle above the $66,000 level, otherwise, it may fail.

BTC’s Negative On-chain Metrics 

Currently, this negative outlook is further supported by the on-chain metrics. Coinglass’s BTC Long/Short ratio currently stands at 0.981, indicating bearish market sentiment among traders. Additionally, its future open interest has increased by 1.5% in the past 24 hours, indicating a potential buildup of short positions amid the bearish outlook.

The post Solana Price Prediction: SOL Price To Hit $180 Next Week? appeared first on Coinpedia Fintech News

Amid the ongoing bullish recovery in the crypto market, the Solana price has successfully reclaimed the $150 mark. Moreover, the altcoin is on the verge of testing its important resistance level of $155, indicating increased price action in the crypto market.

Following this, Solana-based tokens have recorded a similar price action by adding significant value to their respective portfolios within a short period. With the present market sentiments, is this the right time to invest in Solana? Dive in to find out the possible short-term price prospects.

SOL Crypto Price Retests Its Important Resistance Level

With a jump of ~3% in the past 24 hours with a trading volume of $2.83 billion, the Solana price has maintained its value above the $150 mark. Furthermore, it has jumped 16.92% over the past week, indicating an increase in the buying pressure for the altcoin in the market.

Despite recording a correction of ~7% during the past month, it has rewarded its long-term investors with a Year-to-Date (YTD) return of +48.04%. This highlights a high possibility of a bullish action in the coming time.

Solana Tops Daily User Activity

With the rising volatility in the crypto market, the Solana blockchain has outperformed other chains by recording 22.2 million daily active users on its chain. Notably, Tron chain has recorded the second highest active users with 15.3 million.

Solana User Activity

Other top chains include BASE with 9.8 million, followed by Ronin with 8.11 million, and Toncoin with 7.08 million. With Solana outshining major blockchains as per the data collected on 25th September, it indicates an increase in the adoption of this chain in the crypto market.

Will SOL Price Reclaim $200 This Q4?

A bullish reversal could result in the Solana crypto breaking out of its resistance level of $155 and heading toward its upper resistance level of $181 in the coming time. Maintaining the price at that level could stage this altcoin to head toward its yearly high of over $200 during the upcoming months.

However, a bearish reversal could pull the price of the SOL token toward its crucial support trendline during the upcoming time.

Curious about SOL price targets in the future? Read our Solana Price Prediction

The post Caroline Ellison Breaks Down in Court: Guilt and Regret Over FTX Fraud appeared first on Coinpedia Fintech News

Caroline Ellison, who is a key figure in the FTX collapse, voiced her deep remorse in her sentencing hearing over her role in the FTX fraud. In a cracking voice, she admitted the massive damage caused by her actions and her inability to grasp the scale of damage fully. She claimed that it was Sam Bankman-Fried’s voice in her head, that prevented her from speaking out sooner. 

Ellison also served as the CEO of Alameda Research, which was heavily involved in the FTX fraud. She made known her constant weight of guilt and her desire to congress the truth. 

Ellison Guilty Over Actions

During her hearing before the sentence, Ellison had the chance to read out a prepared text to Judge Lewis Kaplan. People attending the courtroom indicated that Ellison read it quickly and with tears. She also told the judge that on some level her brain couldn’t even comprehend the scale of the harm it caused. She further added

“That doesn’t mean I don’t try. I am so sorry. I am deeply ashamed of what we had done,”

she added, with a breaking voice. 

She expressed that it had been on her mind every day, worrying about what could happen when the truth was revealed. She shared that she was relieved that she didn’t have to lie anymore. 

“Not a day goes by when I don’t think about all the people I hurt,” stated Ellison. “Every time I thought about it, I heard Sam’s voice in my head,” Ellison told the judge, as she mentioned her ex-boyfriend Sam Bankman-Fried for the first time during the hearing. Notably, Last March, Bankman-Fried got a 25-year sentence after his conviction on several charges.

Consumed by guilt, Ellison spoke out that ignoring that voice in her head and speaking out would have been brave of her but she apologized that she was not. 

Previous Hearings

Earlier, In December 2022, Ellison had testified against Bankman-Fried, stating that she knew Alameda was given access to a borrowing facility on FTX.com from 2019 through 2022. Ellison had also pleaded guilty to seven counts of fraud and conspiracy in connection with the fall of FTX.  She had revealed to the US District Judge in Manhattan federal court that certain quarterly balance sheets were prepared that concealed the extent of Alameda’s borrowing and the billion-dollar loans that Alameda had made to FTX executives and related parties. 

Also Read :

  Rep. Waters Pitches ‘Grand Bargain’ on Stablecoin Bill, Advocates for Bipartisan Compromise

  ,

The post Caroline Ellison’s Emotional Breakdown During FTX Sentencing Hearing, Claims That She Could’nt Even Comprehend The Damage appeared first on Coinpedia Fintech News

Caroline Ellison, who is a key figure in the FTX collapse, voiced her deep remorse in her sentencing hearing over her role in the FTX fraud. In a cracking voice, she admitted the massive damage caused by her actions and her inability to grasp the scale of damage fully. She claimed that it was Sam Bankman-Fried’s voice in her head, that prevented her from speaking out sooner. 

Ellison also served as the CEO of Alameda Research, which was heavily involved in the FTX fraud. She made known her constant weight of guilt and her desire to congress the truth. 

Ellison Guilty Over Actions

During her hearing before the sentence, Ellison had the chance to read out a prepared text to Judge Lewis Kaplan. People attending the courtroom indicated that Ellison read it quickly and with tears. She also told the judge that on some level her brain couldn’t even comprehend the scale of the harm it caused. She further added “That doesn’t mean I don’t try. I am so sorry. I am deeply ashamed of what we had done,” she added, with a breaking voice. 

She expressed that it had been on her mind every day, worrying about what could happen when the truth was revealed. She shared that she was relieved that she didn’t have to lie anymore. 

“Not a day goes by when I don’t think about all the people I hurt,” stated Ellison. “Every time I thought about it, I heard Sam’s voice in my head,” Ellison told the judge, as she mentioned her ex-boyfriend Sam Bankman-Fried for the first time during the hearing. Notably, Last March, Bankman-Fried got a 25-year sentence after his conviction on several charges.

Consumed by guilt, Ellison spoke out that ignoring that voice in her head and speaking out would have been brave of her but she apologized that she was not. 

Previous Hearings

Earlier, In December 2022, Ellison had testified against Bankman-Fried, stating that she knew Alameda was given access to a borrowing facility on FTX.com from 2019 through 2022. Ellison had also pleaded guilty to seven counts of fraud and conspiracy in connection with the fall of FTX.  She had revealed to the US District Judge in Manhattan federal court that certain quarterly balance sheets were prepared that concealed the extent of Alameda’s borrowing and the billion-dollar loans that Alameda had made to FTX executives and related parties. 

The post TURBO Price Prediction 2024-2030: Will TURBO Cross $0.10? appeared first on Coinpedia Fintech News

Story Highlights

The live price of the TURBO token is  $ 0.00639516.

TURBO price could claim its potential high of $0.020 by the end of 2024.

TURBO price may reach a high of $0.35 by the end of 2030.

The crypto market is on the verge of a bull run, so the Meme and AI tokens are the top-performing coins. With toes in both realms, Turbo is a meme coin created by AI.

With the power of AI and the high-spirited meme coin community, Turbo shows a robust underlying potential of 10x gains. So, let’s dive into this AI meme coin’s price analysis and future scope in our TURBO Prediction 2024-2030!

Table of contents

Overview

TURBO Price Prediction October 2024

TURBO Price Prediction 2024

TURBO Crypto Price Prediction 2025

TURBO Price Prediction 2026 – 2030

TURBO Price Forecast 2026

TURBO Price Forecast 2027

TURBO Price Prediction 2028

TURBO Crypto Price Forecast 2029

TURBO Coin Price Forecast 2030

What Does The Market Say?

CoinPedia’s TURBO Price Prediction 2024

Historical Market Sentiments 

FAQs

Overview

Cryptocurrency Turbo Token TURBO Price  $ 0.00639516 3.99% Market cap  $ 412,423,862.0511 Circulating Supply  64,490,000,000.00 Trading Volume   $ 113,541,709.8034 All-time high  $ N/A All-time low  $ N/A 24 High Coming soon 24 Low Coming Soon

*The statistics are from press time. 

TURBO Price Prediction October 2024

With the long-coming resistance trendline breakout, the Turbo meme coin shows a strong recovery rally. Exceeding the descending triangle pattern and ending the pullback phase, the meme coin has increased by almost 65% in the last ten days. 

Currently, it is trading at $0.0062. Based on the Fibonacci levels, the recovery rally will face a crucial resistance at the 50% level of $0.0076. However, a potential breakout will likely occur with the broader market recovery anticipated in October 2024. 

With the breakout trend gaining momentum, the meme coin is likely to hit the $0.012 mark by the end of October. On the flip side, the crucial support for the meme coin stands at the $0.0050 psychological mark.  

Month Potential Low Average Price Potential High October $0.0050 $0085 $0.012

TURBO Price Prediction 2024

The TURBO meme coin is gaining trend momentum, with the recent breakout event surpassing a long-coming resistance trendline. As TURBO’s price trend is teasing a rounding bottom reversal, it could rise to a maximum of $0.020 by the end of 2024. Conversely, minimum levels are projected at $0.0050 and an average of $0.0125.

Year Potential Low Average Price Potential High 2024 $0.0050 $0.0125 $0.020

TURBO Crypto Price Prediction 2025

With the boom in the meme coin segment and the AI segment, in 2025, traders and investors can find a significant rise in demand for TURBO. It will be driven by broader adoption, increased utility, and a community sentiment boom. Thus, TURBO could expand dramatically, increasing the price to a maximum of $0.15.

Conversely, crucial support for the meme coin is present at $0.020. Therefore, considering the bullish and bearish targets, the average price can be $0.085.

Year Potential Low Average Price Potential High 2025 $0.020 $0.085 $0.15

Also Read: As TURBO is based on Solana, check out our Solana (SOL) Price Prediction 2024-2030.

TURBO Price Prediction 2026 – 2030

Year Potential Low Average Price Potential High 2026 $0.010 $0.025 $0.035 2027 $0.0085 $0.020 $0.030 2028 $0.10 $0.15 $0.20 2029 $0.30 $0.40 $0.50 2030 $0.15 $0.25 $0.35

TURBO Price Forecast 2026

Following the 2025 bull, TURBO is likely to witness a correction phase in 2026. This will potentially lower the TURBO price to a minimum of $0.010. However, the market may stabilize, with an average price of $0.025, and the maximum may only reach $0.035.

TURBO Price Forecast 2027

In 2027, TURBO will continue to face a surge in selling pressure. Hence, the TURBO price could dip as low as $0.0085, with an average of $0.020 and a potential high of $0.030.

TURBO Price Prediction 2028

In 2028, a fresh wave of bullish momentum is expected, with a broader market recovery. Thus, the TURBO price will likely fluctuate between $0.10 and $0.20, with an average of $0.15.

TURBO Crypto Price Forecast 2029

In 2029, with the broader market rising to new heights, TURBO will soar higher. The Turbo prices are expected to range from $0.30 to $0.50, with an average of $0.40. 

TURBO Coin Price Forecast 2030

Another correction phase is likely for TURBO prices in 2030. The correction phase will bring the TURBO price down to $0.15 as the average price may hover around $0.25, with the maximum reaching $0.35.

What Does The Market Say?

Source 2024 2025 Trading Beasts $0.01074 $0.1552 Wallet Investor $0.001279 $0.01614 Digital Coin Price $0.001079 $0.01669

CoinPedia’s TURBO Price Prediction 2024

TURBO has a strong community and a unique back story with a mix of AI and meme coin. Thus, with a reasonably good roadmap planning, growth in its dynamic community will boost the AI meme coin. 

According to CoinPedia’s prediction, the price of TURBO could reach $0.020 by the end of 2024. In contrast, the TURBO price may fall below $0.0050, making an average price of $0.0125.

Year Potential Low Average Price Potential High 2024 $0.0050 $0.0125 $0.020

Historical Market Sentiments 

Ready to unlock Bonk’s true potential? Dive into the latest Coinpedia BONK price prediction for 2024 to 2030 and stay ahead in the meme coin game.

FAQs

What is the current price of the TURBO token?

At the time of writing, the price of one TURBO token was $0.00615.

How much will TURBO be worth by the end of 2024?

TURBO’s price could go as high as $0.020 by the end of 2024.

How high can TURBO go by the end of 2025?

TURBO price could surge to a maximum of $0.15 by the end of 2025.

What will the maximum price of TURBO (TURBO) be by the end of 2030?

With a potential surge, the TURBO price could achieve as high as $0.35 by the end of the year 2030.

Is TURBO worth buying?

Considering the associated risks, TURBO is undoubtedly a good long-term investment.

Where can I buy TURBO?

TURBO is available for trade across prominent exchanges such as Binance, KuCoin, OKX, etc. 

The post Chainlink Price Jumps 20%, LINK Price Eyes To Hit $17? appeared first on Coinpedia Fintech News

The cryptocurrency market is currently valued at $2.24 Trillion with a jump of 0.68% in the past 24 hours. Moreover, the altcoin leader, Ethereum price has reclaimed the $2.6K mark. This highlights a positive outlook for the altcoin market in the coming time.

With this, ETH-based tokens have recorded a similar trend. On the other hand, the Chainlink price has successfully retested its major support level, indicating increased bullish action.

LINK Crypto Records Increased Bullish Action

With the rising bullish sentiment in the cryptocurrency market, the Chainlink price has jumped 6.77% in the past day with a trading volume of $346.40 million. Moreover, it has added 17.70% to its portfolio over the past week, indicating increased bullish action for the altcoin in the market.

Despite recording a correction of ~18% this year, this Ethereum-based altcoin has managed to stay within the list of top 15 cryptocurrencies with a market capitalization of $7.714 billion.

Chainlink Technical Sentiment

The SMA indicator has recorded a bullish convergence in the 1D time frame. This suggests an increase in the buying pressure for the LINK crypto in the market.

Further, the Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram in the Chainlink price chart. Moreover, its averages record a bullish rise, suggesting a positive outlook for the altcoin in the crypto space.

Will LINK Price Hit $20 This Q4?

If the market continues to favor the bulls, the Chainlink price will prepare to test its resistance level of $14. Maintaining the price at that level will set the stage for it to head toward its upper high of $17 in the coming time.

On the contrary, if a bearish reversal occurs, the LINK coin price will retest its support level of $11. Furthermore, if the bearish sentiment intensifies, this altcoin could plunge toward its new yearly low.

For long-term price projections, read our Chainlink (LINK) Price Prediction.

The post Top 5 Polkadot (DOT) Rivals to Turn $1000 Into $2M by Jan 2025 appeared first on Coinpedia Fintech News

With the cryptocurrency market constantly evolving, certain digital assets are showing immense promise. Investors eyeing rapid gains are turning their attention to Polkadot alternatives. This article delves into five potential contenders poised for significant growth by January 2025. Discover which coins could transform a $1000 investment into a remarkable $2M fortune.

CYBRO Defies Market Headwinds, Empowering DeFi Investments with Smart AI Solutions

CYBRO is revolutionizing the DeFi landscape by harnessing the power of artificial intelligence to maximize earning potential on the Blast blockchain. Though still in its early stages, this groundbreaking project has already captured the imagination of crypto enthusiasts, driving its presale past the $2.5 million mark.

CYBRO offers unparalleled yield farming solutions that cater to a wide range of strategies, thriving in any market condition. At the heart of the platform is the CYBRO token, a high-utility asset poised to become indispensable in the crypto world. With its current undervaluation, experts predict a staggering 1200% growth potential, making CYBRO tokens a must-have for savvy investors.

CYBRO token holders enjoy a range of exclusive benefits designed to enhance their investment potential. With competitive staking rewards averaging 10%, investors can maximize their returns regardless of market conditions. Additionally, CYBRO owners gain access to airdrops, allowing them to participate in free token distributions. Furthermore, holders benefit from reduced trading and lending fees, as well as a comprehensive insurance program, ensuring a secure and rewarding experience on the platform.

With only 21% of the total tokens available for this presale and approximately 80 million already sold, the supply of CYBRO tokens is rapidly diminishing. This is your golden opportunity to secure a stake in a project that’s truly one in a million.

>>Join CYBRO and aim for future returns up to 1200%<<

Polygon Ecosystem Token (POL): The Next Big Thing in Altcoin Season

The Polygon Ecosystem Token, or POL, is making waves in the crypto world. As a key utility token within Polygon’s network, it plays a major role in staking, governance, and access to exclusive services. Holders can lock their tokens to secure the network and earn more in return.

They also get a say in the project’s future through voting. POL acts as a gateway to unique features in the Polygon ecosystem, setting it apart from the crowd. With its wide range of uses and the ongoing growth of Polygon, POL looks like a strong contender in the current altcoin season. If you’re eyeing the next big thing in crypto, POL could be it.

Kaspa: The Future of Fast and Secure Cryptocurrencies

Kaspa is gaining attention as a promising proof-of-work cryptocurrency. It uses the GHOSTDAG protocol to allow parallel blocks to coexist. This results in fast transaction speeds with very low confirmation times. Aiming for up to 100 blocks per second, Kaspa shows potential for high scalability.

Its advanced features like Reachability, block data pruning, and SPV proofs make it an attractive option for future layer 2 solutions. As the crypto market looks for the next big thing, Kaspa stands out with its innovative tech and growth vision. Now could be the perfect time to consider adding Kaspa to your portfolio.

NEAR Protocol: Your Gateway to Scalable and Efficient Decentralized Apps

NEAR Protocol aims to boost the development and launch of decentralized applications. It uses sharding for better efficiency and scalability. Founded by Alex Skidanov and Illia Polosukhin, NEAR has raised over $20 million. It boasts Nightshade for scalable solutions, the Rainbow Bridge for Ethereum token transfers, and Aurora, a Layer 2 solution for enhanced performance and lower fees.

With these strong features, NEAR looks promising and attractive in the current market cycle, making it a hot candidate for the next altcoin season surge.

MANTRA – A Game-Changing Blockchain for Real-World Applications

MANTRA is designed with top-notch security and real-world regulatory needs in mind. This blockchain is built using Cosmos SDK and can handle up to 10,000 transactions per second. It supports CosmWasm and is secured by its own PoS validator set. MANTRA is perfect for institutions and developers, offering an easy way to create, trade, and manage assets that comply with regulations.

With its user-friendly interface, even non-tech users can join the Web3 revolution. As we enter the altcoin season, MANTRA stands out as a promising investment thanks to its advanced technology and strong focus on compliance.

Stellar (XLM) Could Soar During Altcoin Season

Stellar (XLM) is set to shine. It’s a decentralized network for fast, cheap transfers, working with any currency, even digital ones. Launched in 2014, it’s already processed billions of deals and partnered with big names. Unlike many cryptocurrencies, it aims to boost, not replace, current financial systems. With Stellar, you can move money globally and companies can build blockchain apps.

The Stellar Development Foundation, backed initially by Stripe, helps keep it all running, even supporting NFTs and smart contracts. Stellar’s tech and partnerships make it a hot pick in today’s market. It looks very attractive as the altcoin season heats up.

Conclusion

While POL, KAS, NEAR, and OM show potential, CYBRO stands out with its cutting-edge DeFi platform. It uses AI to boost earnings on the Blast blockchain. CYBRO offers substantial staking rewards, exclusive airdrops, and cashback on purchases. The platform ensures easy deposits and withdrawals. It is transparent, compliant, and of high quality. Crypto whales and influencers are showing strong interest, making CYBRO a promising project.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Ripple News: ‘XRP Unleashed’ Documentary To Explore SEC Lawsuit in 105 Minutes; Who’s Featured in the Film? appeared first on Coinpedia Fintech News

Maia Pothier of Fruition Films, producer of the on XRP Unleashed Documentary, joined Jake Claver and answered some important questions about the much-awaited documentary–XRP Unleashed. She explained that they have the complete origin story of XRP and Ripple, tracing the journey all the way from the Federal Reserve to the present. She said that the film touches on key figures like Chris Larsen, David Schwartz, dives into Ripple’s early days, and covers the lawsuit’s background. 

There’s also some discussion about Ethereum’s founders, the “ETH Gate” corruption involving the SEC, Ethereum, and other entities. All of this is being packaged into an exciting feature film, currently clocking in at about 105 minutes.

She said  that they weren’t able to get many people on the technical side, despite trying. However, they did manage to speak with attorneys John Deaton and Fred Rispoli. In early August, they also connected with politician Mark Wright, aiming to include perspectives from politics, developers, lawyers, and financial experts, such as Linda Jones.

Recently, Chris Larsen went to New York to gather more information from Stephen Nerayoff and is scheduled to interview the Empower Oversight group, along with a company helping with blockchain analysis. They aim to present everything as factually as possible. There’s also a bit about Bitcoin, discussing its origins, the industry’s growth, and its value alongside Ethereum and XRP.

“We wanted to stay far away from any kind of conspiracy theories and really just present the facts and, you know, allow for the audience and the community, and the masses, to just be educated on it. They can make a decision on their own if they want to invest,” she said.

Ripple Vs SEC Appeal Deadline:

The ongoing legal battle between Ripple and the SEC continues, with speculation that the SEC may file a last-minute appeal in its case against Ripple. The SEC claims Ripple sold XRP as an unregistered security, while Ripple argues that XRP is not a security. Although Ripple has recently scored key victories, the potential appeal could prolong the legal fight, creating more uncertainty for XRP and its investors. 

The post Mt.Gox Repayments: Will $8 Billion Flood Crash the Crypto Market? appeared first on Coinpedia Fintech News

After the Mt.Gox rehabilitation trustee, Nobuaki Kobayashi, announced the commencement of the repayments of creditors funds under the rehabilitation plan in July, crypto prices registered heightened volatility. The uncertainty of how the Mt.Gox customers and creditors could use the $8 billion sent shivers to the entire crypto market in fear of the worst. 

During the first round of Mt.Gox repayments, through different exchanges led by Kraken, the Bitcoin price dropped from $63k to hovering around $53k in two weeks. 

Mt.Gox Distribution of Funds Soon

MT. GOX BTC ON THE MOVEMt. Gox emptied 4 of their wallets last night after receiving $370K in BTC from Kraken.More repayments coming soon?Mt. Gox currently holds 44,899 BTC ($2.85B). pic.twitter.com/Zh1OKQOygW

— Arkham (@ArkhamIntel) September 25, 2024

According to on-chain data analysis provided by Arkham Intelligence, Mt.Gox is preparing to make more repayments soon after making strategic wallet movements. In the last 24 hours, Mt.Gox emptied four of its wallets after receiving Bitcoins worth about $370 from Kraken exchange.

With the Mt.Gox funds, amounting to 44.89K BTCs,  now consolidated in a cold wallet, Arkham Intelligence believes more repayments are on the horizon to creditors who did not receive funds in the first quota. 

More Crypto Shakeouts in the Horizon?

Similar technical clues that were displayed on Gold before its new ath are now showing on #Bitcoin A new ath for $BTC is loading… pic.twitter.com/LTRikNjT4V

— Mikybull Crypto (@MikybullCrypto) September 25, 2024

Bitcoin price has closely mirrored the Gold price action in the past, and Wall Street analysts believe a major crypto uproar is on the horizon. As a result, the fear of further crypto capitulation has significantly diminished, with Bitcoin’s fear and greed index hovering around 59 percent, suggesting investors’ greed.

However, the Mt.Gox repayment of nearly $3 billion could trigger bearish volatility in the near term before the bullish cycle begins in the fourth quarter.

The post XRP Whales Shift 430 Million Coins in 24 Hours: Is a Market Dump Ahead appeared first on Coinpedia Fintech News

Ripple’s native token XRP is back in the spotlight as whales are making substantial transactions, moving nearly 430 million coins in just one day. This sudden surge in activity has sparked fears of a market dump, especially after Ripple co-founder Chris Larsen recently sold off a large amount of XRP. With the price still struggling below the $0.60 mark, many are wondering what this all means for XRP’s future.

Big Transfers by XRP Whales

According to data from Whale Alert, a popular tracking service, 431.08 million XRP coins were transferred between exchanges and unknown wallets within 24 hours. These transactions come shortly after Chris Larsen’s 20 million XRP dumps, leading to speculation about the market’s direction. 

Meanwhile, the transactions included an accumulation, a dump, and several transfers to unknown wallets.

Among the notable moves, an unknown address acquired 30 million XRP, worth approximately $17.68 million, from the Bybit exchange. Additionally, another well-known address sold 17.23 million XRP, valued at around $10.16 million, to Bitstamp.

17,310,000 #XRP (10,165,958 USD) transferred from unknown wallet to #Bitstamphttps://t.co/rM3uT6BZnO

— Whale Alert (@whale_alert) September 23, 2024

Additionally, a huge 383.85 million coins, worth about $224 million, were also moved between different wallets. These massive transactions have created a buzz in the crypto community, drawing attention to the recent activities of XRP whales.

Current XRP Price Performance

As of now, XRP is trading at around $0.59, showing some signs of stagnation. However, bulls are optimistic about breaking through the $0.60 resistance, which could spark further interest.

Coinglass data shows a 0.78% rise in XRP’s futures open interest, now at $749.55 million. Additionally, there was a 17.52% increase in derivatives volume, climbing to $857.62 million.

The post Best Crypto Coins for Long Term: Generate 1000x Profits by January 2024 (Invest just $50 into these iconic projects) appeared first on Coinpedia Fintech News

Are you tired of running after short-term gains in the volatile market – only to see your profits vanish before your eyes? Finding a stable, long-term cryptocurrency investment in 2024 that generates passive income can feel like searching for a needle in a haystack.

But what if you could invest in carefully selected crypto coins that grow over time and create a steady stream of passive income? These coins are designed for long-term success, offering the potential for massive profits, with some even surpassing 1000x returns in the next 4 months.

By starting your passive income journey today with these top crypto coins, you are positioning yourself for financial security and exponential growth. Keep reading to discover the best crypto coins for long term that will set you up for substantial wealth in the years to come.

5 Best Crypto Coins for Long Term – Make 1000x Returns!

Below mentioned are the best crypto coins for the long term which could generate 1000x profits:

5thScape (5SCAPE)

LuckHunter (LHUNT)

Toncoin (TON)

Ripple (XRP)

Polygon (MATIC)

From 5thScape, the hottest VR crypto gem, to veteran coins like Polygon, each has some distinct points that make them the best crypto coins for long term. Let’s discuss the details! 

5thScape (5SCAPE)

5thScape (5SCAPE) is setting new standards in the crypto and virtual reality (VR) space with its groundbreaking integration of blockchain technology and VR. It offers a diverse ecosystem where users can engage in VR games, access decentralized applications, and benefit from staking rewards. The capped supply of 5.21 billion 5SCAPE tokens and its comprehensive presale strategy create a unique investment opportunity.

>> Invest In 5thScape Now <<

As the crypto market gears up for its next bull run, 5thScape’s potential for explosive growth is significant. With forecasts suggesting returns of 1500%-2500% during the next bull cycle and its innovative approach combining VR with blockchain, 5thScape stands out as a prime candidate for long-term gains. Investing now allows you to tap into its burgeoning ecosystem and potentially reap substantial rewards.

LuckHunter (LHUNT)

LuckHunter (LHUNT) is transforming online gambling with its blockchain-powered casino and sports betting platform. By integrating blockchain technology, LuckHunter ensures a transparent and secure environment where players can enjoy exclusive games and betting opportunities. 

Click here to visit LuckHunter website >>

The LHUNT token enhances the gaming experience, offering benefits like reduced transaction fees, staking rewards, and exclusive access to premium features. As LuckHunter continues to build and expand its platform, its unique value propositions and growing adoption present significant long-term potential. 

With the global online gambling market projected to grow exponentially, LuckHunter is well-positioned to capture a substantial share. Investing in LHUNT could yield 1000x returns as the platform scales leverages innovative features, and attracts a broader user base.

Toncoin (TON)

Toncoin (TON) is the native cryptocurrency of the Telegram Open Network (TON), aiming to redefine blockchain efficiency and scalability. Designed for rapid and secure transactions, Toncoin integrates seamlessly with Telegram’s vast user base, offering a unique edge in the competitive crypto landscape. It supports smart contracts, decentralized applications (DApps), and fast payments, enhancing utility and adoption.

With the TON ecosystem expanding and leveraging Telegram’s massive global reach, Toncoin is positioned for significant growth. As blockchain technology evolves, Toncoin’s role in facilitating efficient transactions and smart contract functionality becomes increasingly critical. 

Investing in TON now could yield substantial long-term profits, driven by its strong foundation and growing integration within the Telegram platform.

Ripple (XRP)

Ripple (XRP) is a leading digital asset known for its innovative approach to cross-border payments and financial transactions. Its RippleNet network facilitates faster, more cost-effective transfers between financial institutions worldwide. XRP’s unique consensus protocol and strategic partnerships with major banks and payment providers set it apart in crypto.

Despite regulatory challenges, Ripple’s technology and growing adoption position XRP as a strong contender for future growth. With its focus on improving traditional financial systems and streamlining global transactions, XRP has the potential for impressive long-term returns. 

As Ripple continues to enhance its network and address regulatory concerns, investing in XRP could offer significant gains as it drives the next wave of financial innovation.

Polygon (MATIC)

Polygon (MATIC) is a prominent Layer 2 scaling solution for Ethereum, designed to enhance transaction speeds and reduce costs on the Ethereum network. Its innovative technology allows for seamless integration with Ethereum, providing developers with a scalable and efficient platform for deploying decentralized applications (DApps) and smart contracts.

As Ethereum continues to face scalability challenges, Polygon’s role in offering faster and cheaper transactions becomes increasingly vital. Its expanding ecosystem of partnerships, integrations, and successful implementations highlights its growing importance in the crypto space. 

Investing in MATIC now offers a chance to capitalize on its pivotal role in Ethereum’s scaling solutions, with the potential for substantial long-term profits as demand for efficient blockchain solutions grows.

Concluding Thoughts On The Best Crypto Coins For Long Term 

5thScape’s VR-driven blockchain evolution and LuckHunter’s next-gen gaming revolution stand out as top contenders when building a long-term crypto investment strategy. These offer massive potential for passive income and exponential growth. 

5thScape’s fusion of VR and blockchain technology presents a one-of-a-kind opportunity in the metaverse, while LuckHunter is poised to dominate the online gambling space with its innovative platform.

Meanwhile, Toncoin, Ripple, and Polygon offer strong, established foundations with unique value propositions in scalability, cross-border payments, and Layer 2 solutions. Each of these coins provides distinct advantages for long-term investors. So, by starting your passive income journey with these best crypto coins for the long term, you are well-positioned to secure significant profits in the years to come.