Blum Crypto Launches Pre-Market Listing on Gate.io
Blum Crypto ($BLUM) has officially commenced its pre-market listing on the crypto exchange Gate.io, providing traders an early opportunity to engage with the token before its public launch. The pre-minting process started on Oct. 16, 2024, at 2:00 p.m. UTC, allowing users to stake USDT to mint Blum Pre-Tokens. Pre-market Pre-Token spot trading subsequently began at midnight on Oct. 17. This initiative allows users to stake USDT to mint Blum Pre-Tokens, facilitating early trading activity. The pre-market listing is designed to attract investors who are interested in capitalizing on potential price movements before the token becomes more widely available. Gate.io users can benefit from minting opportunities, which enable them to create Blum tokens through USDT staking. As the pre-market trading is now live, participants can trade the minted tokens on the $BLUM/USDT market. This trading phase often presents unique opportunities due to the volatility typically observed in the initial stages of a token's market presence. Early investors may acquire tokens at lower prices, which can be advantageous as prices stabilize post-launch. For Indonesian traders, this pre-market engagement offers a chance to monitor trades closely and refine their strategies in response to rapid price fluctuations. The announcement from Gate.io contains further details regarding the listing and trading process for interested users. In addition to trading opportunities, the pre-market listing is expected to generate interest among the broader crypto community, particularly those looking to maximize profits through strategic staking and trading practices. For comprehensive information, users are encouraged to consult the official Gate.io announcement regarding Blum’s pre-market listing. This initiative marks a significant step for Blum Crypto as it prepares for its official market debut.
ETH posted the biggest loss out of the top 10 cryptocurrencies, down 1.7% on the day to $2,552, falling from a 24-hour high of $2,620. It had climbed to a two-month high of $2,750 on Oct. 21 before dropping. Onchain data shows Ethereum’s high transaction fees are disincentivizing activity on the blockchain, which reduces the demand for ETH staking and could be damping investor optimism.
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QCP Capital Analysts Highlight Impact of US Elections on Crypto Markets
QCP Capital’s latest market update highlights the influence of the upcoming U.S. elections on financial markets, with a particular focus on cryptocurrencies like bitcoin (BTC). Analysts predict increased volatility as the elections near, with potential outcomes shaping investor sentiment and price movements. QCP Analysts Link U.S. Elections to Crypto Market Movements QCP Capital‘s analysts observe that the U.S. elections are now driving market dynamics, with just two weeks to go. Betting markets are showing a significant lead for Donald Trump over Kamala Harris, which has fueled discussions around new economic policies. The market update notes that a possible Trump presidency could lead to increased tariffs and tax reductions, contributing to a rally in the U.S. dollar and pushing U.S. bond yields higher. QCP’s market analysis states:
The QCP update further emphasizes the importance of upcoming U.S. economic data, particularly the Non-Farm Payrolls (NFP) report, which will be released next Friday. As the last labor market report before the Federal Reserve’s next meeting, QCP’s analysts believe it could shape expectations on future interest rate decisions, adding to market uncertainty and potential shifts in asset prices. “All eyes are on the NFP release next Friday as uncertainty around the labor market persists,” QCP said. “As the last NFP report before the next Fed meeting, it will play a critical role in shaping expectations for the Fed’s next move on interest rates.”
Crypto is getting hammered today and Bitcoin has dropped to $65,000
The cryptocurrency market is experiencing a downturn, closely mirroring the decline in the stock market. On Wednesday, Bitcoin saw a significant drop of over 2.5% in the past 24 hours, with its price hovering around $65,000. This decline has dashed hopes of breaking the $70,000 threshold, which had gained traction just a week prior. The downward trajectory underscores the growing volatility in the crypto market and highlights the interconnectedness between cryptocurrencies and traditional financial markets.
The decline in Bitcoin can be attributed to mounting pressure on technology stocks, particularly Tesla (TSLA-2.01%), which is set to release its latest earnings after the closing bell. Analysts anticipate that Tesla will report earnings per share of 60 cents, a decrease from 66 cents a year ago, although the figure marks an improvement from 52 cents in the previous quarter, according to estimates from FactSet (FDS-0.28%). Revenue is projected to hit $25.4 billion, compared to $23.3 billion in the third quarter of 2023 and $25.5 billion in the preceding quarter.
Meanwhile, the yield on the benchmark 10-year U.S. Treasury note has continued its upward climb, reaching 4.23%—a level not seen since July. Higher bond yields traditionally create downward pressure on equity valuations. When Treasury yields rise, it suggests that investors are increasingly concerned about the economic outlook, leading them to favor safer investments like bonds over stocks. Other significant cryptocurrencies have also faced losses. Ether, the second-largest cryptocurrency by market capitalization, has experienced a decline of over 3% in the last 24 hours, currently trading around $2,500. Cardano fell by more than 3.5%, Avalanche dropped by over 4.5%, and the popular meme coin Shiba Inu decreased by approximately 3%. Overall, the global cryptocurrency market capitalization has contracted by 2%, now standing at $2.2 trillion, according to data from CoinMarketCap.
As i have mentiond on my previous post that btc going down and touches 65k level and i have prove this btc 1 day chart, today bitcoin is in very critical stage, prices may go down towards support level and today btc broke many supports but still btc is in good condition, why i am saying this?
Technically BTC go down very fastly but i am surprised to see that btc move towrds 65k-63k very slowly, its going down and some pump again and then going down and some pump again, when i look at 24h voulme then i shocked to see that it touches 27B, 50% down as compared to next week. But it's not going down very fastly that was pending of approval of FED cuts rates, many buyers wait for approved fed 5% cut rates after this buying pressure increases by more then 3% and btc confirmed jump to 8%+. Still BTC is in very good zone because many buyers buy btc and wait for massive pump so as my opinion btc never goes down more then 65k-63k.
As you have seen in pics btc going 40° degree upward direction and you see support level at some point and after complete research i am confirmed that next alphabet is M, when you look at my chart analysis you also confirmed about that.
BTC buying zone will be 65k-63k, never be emotional, when btc going below 65k then just look at next support if btc remain in between 65k-63k then you have to open long position and wait to see btc at 73k+, not be emotional you make good profit if you are not in trap of dump market.
The first major support is near the $66,500 level. The next support is now near the $66,200 zone. Any more losses might send the price toward the $65,500 support in the near term.
Technical indicators: Major Support Levels – $66,800, followed by $66,500. Major Resistance Levels – $67,100, and $68,000.
In next post i will tell you about Solana and BNB, solana and BNB analysis is different BNB in downrad form and solana follow upward direction.
X Empire has introduced a convenient process for users to convert their NFTs into $X tokens just in time for the upcoming listing. This guide will help you understand how to easily convert your NFT to $X tokens and prepare for the anticipated X Empire listing date and price on major exchanges like Bitget. The process is simple, and users can follow these steps to ensure a smooth conversion and withdrawal.
X Empire Listing Date: How to Convert NFT to $X Tokens To convert your X Empire NFT to $X tokens, you need to follow a few easy steps:
Send Your NFT Voucher: Begin by transferring your NFT voucher to the specified address provided by X Empire. You can copy the provided address, ensuring accuracy when making the transfer. The NFT voucher serves as the key to unlocking the conversion of your NFT into $X tokens. Check Your Token Balance: After sending the NFT voucher, within 24 hours, the $X tokens should appear in your wallet. Ensure that your wallet is connected to the on-chain system to view your updated balance. The conversion process is designed to be quick and efficient, ensuring users can access their tokens without delay. X Empire Listing Date and Token Withdrawals Starting on October 24, 12:00 UTC, users can begin withdrawing their $X tokens on-chain. The X Empire listing date and time is an important milestone for the platform, and the X Empire listing price will be influenced by the initial trades on exchanges like Bitget. The X Empire listing exchange is expected to attract significant attention, and early withdrawals and trades may see some fluctuation due to market activity.
To ensure a smooth withdrawal, it’s important to use the same wallet for the withdrawal process that you used to convert the NFT. This helps to avoid any potential delays or technical issues during the withdrawal.
In conclusion, the X Empire listing date Binance and other exchanges will soon bring new opportunities for token holders. Users can convert their X Empire NFTs to $X tokens with ease, enabling them to participate in the platform’s growth and trading activities.
What is the Scam? Fraudulent scheme targeting Pi Network users, posing as representatives, asking for personal info via fake links/sites. How the Scam Works 1. Phishing emails/messages appearing to be from Pi Network 2. Urgent KYC verification requests with false deadlines/threats 3. Requests for identification docs, bank details, passwords Signs of a KYC Scam 1. Unsolicited emails/messages 2. Urgent deadlines 3. Suspicious links 4. Requests for excessive personal info Protect Yourself 1. Verify source: Check official Pi Network website/social media 2. Be cautious of urgent requests 3. Avoid suspicious links 4. Report suspicious activity to authorities Stay Safe! Be vigilant and informed to avoid falling victim to this scam. #PiNetwork
The DOGS Superstorm is Here! 🌪️ The wait is over. The testing is over. In the past couple of months we've showered you with over $3M worth of $DOGS 🐶 And today, the $DOGS Superstorm is here. Get your umbrella and start playing! DOGS Superstorm🌪️ in Drop Game: - Tap Play: You’ve got just 30 seconds to collect those BPs & $DOGS! 🕐 - Avoid the Bombs: Don’t worry—bombs will only hit your BPs, so your precious $DOGS are safe! 💣 - Check Your Wallet: After the game, see how many $DOGS you’ve collected! 🤑 The DOGS Superstorm 🌪️ Drop will last a couple of days, so act swiftly! To Qualify: - Have an active TON wallet connected to Blum with at least 1 outgoing transaction 🤝🏼 - Your wallet must be activated before Oct 21, 8 AM UTC ✔️ - DOGS Rain (test phase) participants are not eligible this time And remember! This ain't our upcoming Memepad. It's just more $DOGS for more of You! What are you waiting for? Tap Play Now 🕹
$CATI /USDT TRADE SIGNAL – HIGH VOLATILITY AHEAD! 🚨
Time Frame: 4H Chart
CATI is experiencing a pullback after a recent spike, creating key levels for potential entries and exits. The price could either stabilize or continue its downward trend.
Current Price: 0.4391 USDT
💡 CRITICAL Levels to Watch: 💡
Resistance: 0.4991 USDT – The recent high. A break above this level could ignite another strong upward move. Support: 0.4282 USDT – Immediate support. A break below this level could lead to further downside.
Trade Setup:
Entry: 0.4400 USDT (look for stability near support before entering)
Investing $500 in These 5 Cryptos Could Secure You a Porsche by 2025!
Top Picks:
It's mix of promising Layer 1 and Layer 2 projects, plus XRP, which is well-established in cross-border payments, and a meme coin for speculative upside. Here's a brief look at each:
1. Sui ($SUI): A Layer 1 blockchain aiming to improve scalability and transaction efficiency. It's positioned to grow as more applications adopt it.
2. Starknet ($STRK): A Layer 2 solution for Ethereum, focused on improving scalability and reducing gas fees, which could see rising demand as Ethereum grows.
3. Arbitrum ($ARB): Another Ethereum Layer 2, Arbitrum has gained popularity due to its low-cost transactions and growing ecosystem of DeFi projects.
4. XRP: Known for its cross-border payment solutions, XRP has strong institutional backing and could thrive if regulatory clarity increases, particularly in the U.S.
5. Meme Coin: Depending on market sentiment, meme coins can surge unexpectedly, driven by social media and community engagement, but they carry high risk.
A $500 investment diversified across these assets could indeed bring gains by 2025, but the crypto market is highly volatile. Make sure to assess your risk tolerance and track market trends!
Candlesticks help predict future price action based on historical patterns
Candlestick charts originated from Japanese rice trading and have become a staple tool for traders globally. The patterns formed by the candlesticks help predict future price action based on historical patterns. 1. Bullish Reversal Patterns These indicate a potential change from a downtrend to an uptrend: Hammer: Small body with a long lower shadow; signals a bullish reversal after a downtrend. Bullish Engulfing: A larger green candlestick fully engulfs a prior red candlestick. Piercing Line: A gap down followed by a green candle closing above the midpoint of the previous red candle. Morning Star: A three-candle pattern with a large red candle, a small body, and a large green candle signaling reversal. Three White Soldiers: Three consecutive green candlesticks with rising prices. 2. Bearish Reversal Patterns These signal the possibility of a reversal from an uptrend to a downtrend: Shooting Star: A small body with a long upper shadow; indicates a bearish reversal. Bearish Engulfing: A red candlestick completely engulfs a prior green candle. Dark Cloud Cover: A green candle followed by a red one that closes below the midpoint of the green. Evening Star: The opposite of the Morning Star, indicating the start of a downtrend. Three Black Crows: Three consecutive red candlesticks with falling prices. 3. Continuation Patterns These patterns suggest the current trend will continue: Rising Three Methods: Three small red candlesticks within the range of two large green candles, signaling the uptrend will continue. Falling Three Methods: The opposite, signaling the continuation of a downtrend. Data Points from Candlestick Patterns: Hammer/ Inverted Hammer: When these appear after a downtrend, they signal a bullish reversal. Traders may look for confirmation with a green candlestick after the hammer. Doji: Represents indecision in the market, where the open and close prices are nearly identical. It can indicate a reversal if seen after a long trend. Engulfing Patterns: Large shifts in sentiment, with the new candle overpowering the previous one. Three White Soldiers/Black Crows: Indicate strong continuation in trend direction, whether bullish (soldiers) or bearish (crows). Importance for Traders Candlestick patterns, when combined with other technical indicators (e.g., RSI, MACD), can provide a stronger trading signal. Timing Entry/Exit: Recognizing patterns like the Morning Star or Evening Star helps traders enter or exit at key market points. Risk Management: Patterns like Doji and Engulfing serve as early warning signals of market indecision or possible reversal, which helps in setting stop-losses effectively. In conclusion, candlestick patterns provide traders with actionable insights into market sentiment. By understanding and using these patterns, traders can better anticipate future price movements and make informed decisions on buying, selling, or holding assets.
In 2009, Norwegian engineer Kristoffer Koch stumbled upon Bitcoin while working on his master’s thesis about encryption technology. Out of sheer curiosity, he decided to buy some Bitcoin, spending about 150 Norwegian kroner (around $27 USD) on 5,000 $BTC . At the time, Bitcoin was practically worthless and mostly unknown, so Koch didn't think much of his small investment.
*above image is AI generated* For years, he forgot all about his Bitcoin wallet, as the cryptocurrency remained under the radar of mainstream finance. Then, in 2013, when Bitcoin started making headlines and its price was soaring, Koch recalled his forgotten investment. Intrigued, he dug up his old files and managed to recover his digital wallet password. To his astonishment, the 5,000 Bitcoins he had purchased for just $27 were now worth over $880,000 USD! Kristoffer was able to cash out a portion of his Bitcoin fortune and used it to buy a luxury apartment in an upscale area of Oslo. While he didn’t sell all of his Bitcoins at that time, he secured financial freedom with what had once been a tiny, almost forgotten investment. Koch’s story is often shared as one of the most striking examples of how early adopters of Bitcoin, even with modest investments, saw extraordinary returns as the cryptocurrency's value skyrocketed. His experience emphasizes the unpredictability and potential of investing in emerging technologies. Give a follow if you liked the story.