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Harris’ Crypto Proposal Will Change Market Balance, According to Bitwise!
#crypto
Harris emphasized in a speech on Monday that he would support a regulatory framework that would protect black men’s cryptocurrency investments and ownership.
The proposal coincided with the Bitcoin price rising 5% and $555.8 million flowing into Bitcoin exchange-traded funds (ETFs). This was the highest total since June 4.
Hougan wrote in his blog post:
This small bit of positive news was significant enough to send Bitcoin up 5%. It caused more than $500 million to flow into Bitcoin ETFs. It was enough for people to start thinking about whether the cryptocurrency could finally start reaching new all-time highs.
Beyond what Harris said, he noted that today’s price action shows that there is a lot of capital waiting to enter the market.
#crypto
Harris emphasized in a speech on Monday that he would support a regulatory framework that would protect black men’s cryptocurrency investments and ownership.
The proposal coincided with the Bitcoin price rising 5% and $555.8 million flowing into Bitcoin exchange-traded funds (ETFs). This was the highest total since June 4.
Hougan wrote in his blog post:
This small bit of positive news was significant enough to send Bitcoin up 5%. It caused more than $500 million to flow into Bitcoin ETFs. It was enough for people to start thinking about whether the cryptocurrency could finally start reaching new all-time highs.
Beyond what Harris said, he noted that today’s price action shows that there is a lot of capital waiting to enter the market.
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Santiment Gave 10 Altcoins: These Are the Most Interested Among the Top 200!
$TURBO $MINA $CHZ
On-chain analysis platform Santiment shared the 10 altcoin projects that have experienced the most volume growth.
In its X post dated October 15, Santiment included 10 altcoin projects. It was emphasized that these 10 altcoins are the ones that have experienced the most volume growth in recent days among the top 200 altcoin projects in the market.
The list shared by Santiment included the following projects, in order:
LEO Token (LEO)
BOOK OF MEME (BOME)
Wrappd Staked Ethereum (WSTETH)
Mina (MINA)
Chiliz (CZH)
Turbo (TURBO)
Ethena (ENA)
Brett (BRETT)
The Graph (GRT)
Fasttoken (FTN)
Analysts noted that increases in trading volume indicate both small and large investor interest
Increases in trading volume are traditionally an indication of increasing crowd recognition and are not necessarily a sign of more buyers or more sellers. Gradual growth is usually a sign of support that the coin’s price direction will continue. A sudden, isolated increase usually signals that a price reversal is expected.
$TURBO $MINA $CHZ
On-chain analysis platform Santiment shared the 10 altcoin projects that have experienced the most volume growth.
In its X post dated October 15, Santiment included 10 altcoin projects. It was emphasized that these 10 altcoins are the ones that have experienced the most volume growth in recent days among the top 200 altcoin projects in the market.
The list shared by Santiment included the following projects, in order:
LEO Token (LEO)
BOOK OF MEME (BOME)
Wrappd Staked Ethereum (WSTETH)
Mina (MINA)
Chiliz (CZH)
Turbo (TURBO)
Ethena (ENA)
Brett (BRETT)
The Graph (GRT)
Fasttoken (FTN)
Analysts noted that increases in trading volume indicate both small and large investor interest
Increases in trading volume are traditionally an indication of increasing crowd recognition and are not necessarily a sign of more buyers or more sellers. Gradual growth is usually a sign of support that the coin’s price direction will continue. A sudden, isolated increase usually signals that a price reversal is expected.
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Avalanche Recovers 1.9 Million Tokens from Luna Wreckage: Price Moves!
$AVAX $LUNA
Avalanche Foundation has reached an agreement to buy back tokens sold to Luna Foundation Guard (LFG).
The Terra (LUNA) crash had a profound impact on the cryptocurrency sector in 2022. While many projects were destroyed under this debris, large amounts of assets of large projects were also trapped.
According to the statement made by the Avalanche Foundation, an agreement has been reached to buy back all AVAX tokens sold to Luna Foundation Guard (LFG) before April 2022.
It was noted that approval from the bankruptcy court is awaited at the final stage. When the foundation receives the return of 1.9 million AVAX, it will continue to hold them in its own wallets and use them for ecosystem developments when necessary.
This action returns 1.97 million AVAX to the Foundation’s assets, while ensuring that LFG will not violate the restrictions of the original agreement regarding token use and protecting the tokens from the complexities of a bankruptcy trustee liquidation. This further enhances the Foundation’s ability to support the ongoing growth and development of the Avalanche ecosystem.
$AVAX $LUNA
Avalanche Foundation has reached an agreement to buy back tokens sold to Luna Foundation Guard (LFG).
The Terra (LUNA) crash had a profound impact on the cryptocurrency sector in 2022. While many projects were destroyed under this debris, large amounts of assets of large projects were also trapped.
According to the statement made by the Avalanche Foundation, an agreement has been reached to buy back all AVAX tokens sold to Luna Foundation Guard (LFG) before April 2022.
It was noted that approval from the bankruptcy court is awaited at the final stage. When the foundation receives the return of 1.9 million AVAX, it will continue to hold them in its own wallets and use them for ecosystem developments when necessary.
This action returns 1.97 million AVAX to the Foundation’s assets, while ensuring that LFG will not violate the restrictions of the original agreement regarding token use and protecting the tokens from the complexities of a bankruptcy trustee liquidation. This further enhances the Foundation’s ability to support the ongoing growth and development of the Avalanche ecosystem.
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#SPX
Altcoin Whale Multiplies His Money by 289: Earns $14 Million and Starts Selling
A giant altcoin whale with a wallet worth tens of millions of dollars has started selling after multiplying his money by 289.
A giant whale in the cryptocurrency market has started selling 19.15 million SPX tokens (about $15.7 million) for profit. According to Lookonchain, the whale made about $14 million in profit from the SPX tokens, a 289-fold return on that investment.
Selling pressure may continue
The whale spent $48,400 to buy 19.15 million SPX on the Solana network between January 29 and March 21. He then moved all of his SPX holdings to the Ethereum network and started selling on October 3. He has sold 4.15 million SPX for 708 ETH (approximately $1.71 million) and still has 15 million SPX (approximately $12.3 million).
These sales, along with the high profits the whale has realized, could put significant pressure on the price of SPX. Investors are closely watching how such large sales will affect price movements in the market.
Altcoin Whale Multiplies His Money by 289: Earns $14 Million and Starts Selling
A giant altcoin whale with a wallet worth tens of millions of dollars has started selling after multiplying his money by 289.
A giant whale in the cryptocurrency market has started selling 19.15 million SPX tokens (about $15.7 million) for profit. According to Lookonchain, the whale made about $14 million in profit from the SPX tokens, a 289-fold return on that investment.
Selling pressure may continue
The whale spent $48,400 to buy 19.15 million SPX on the Solana network between January 29 and March 21. He then moved all of his SPX holdings to the Ethereum network and started selling on October 3. He has sold 4.15 million SPX for 708 ETH (approximately $1.71 million) and still has 15 million SPX (approximately $12.3 million).
These sales, along with the high profits the whale has realized, could put significant pressure on the price of SPX. Investors are closely watching how such large sales will affect price movements in the market.
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As Altcoins Rise, Ethereum’s Bearish Signal Again: Rival Project Will Hit Back!
$ETH
Uniswap’s decision to launch its own blockchain, Unichain, could seriously threaten Ethereum’s revenue stream and network operations.
DeFi researcher and educator Wajahat Mughal stated that Uniswap’s (UNI) decision to introduce its own blockchain network, Unichain, is a negative sign for Ethereum (ETH) in 2024.
Mughal emphasized that Uniswap (UNI) could charge some fee classes on its new network, which would endanger Ethereum’s economic structure and network operations. As it will be recalled, Uniswap had recently created a shock effect in the ecosystem by announcing its Unichain project.
Uniswap (UNI) will be able to collect transaction fees (gas) and MEV fees after moving to its own chain. Although it is not yet clear how much of the operation will shift from the Ethereum (ETH) network to the new blockchain, it is thought to be significant.
This will reduce Ethereum's network activities, which will affect the speed at which Ethereum tokens are burned. Directing the fees directly to the Uniswap (UNI) team will also weaken Ethereum's revenue stream.
It is stated that Uniswap's (UNI) migration to its own blockchain weakens Ethereum's promise in many ways. It is reported that Uniswap, which is the largest application in the DeFi field in terms of revenue, has decided to keep this revenue for itself, which has led to an interesting discussion that questions where Ethereum is today.
With lower L1 (Layer 1) activity, less GWEI, and falling cash flow, there are experts who state that Ethereum is not an "ultra-sound money".
According to CoinGecko data, Ethereum, which has increased by 2% in the last 24 hours, is traded at $2,444 at the time of writing.
$ETH
Uniswap’s decision to launch its own blockchain, Unichain, could seriously threaten Ethereum’s revenue stream and network operations.
DeFi researcher and educator Wajahat Mughal stated that Uniswap’s (UNI) decision to introduce its own blockchain network, Unichain, is a negative sign for Ethereum (ETH) in 2024.
Mughal emphasized that Uniswap (UNI) could charge some fee classes on its new network, which would endanger Ethereum’s economic structure and network operations. As it will be recalled, Uniswap had recently created a shock effect in the ecosystem by announcing its Unichain project.
Uniswap (UNI) will be able to collect transaction fees (gas) and MEV fees after moving to its own chain. Although it is not yet clear how much of the operation will shift from the Ethereum (ETH) network to the new blockchain, it is thought to be significant.
This will reduce Ethereum's network activities, which will affect the speed at which Ethereum tokens are burned. Directing the fees directly to the Uniswap (UNI) team will also weaken Ethereum's revenue stream.
It is stated that Uniswap's (UNI) migration to its own blockchain weakens Ethereum's promise in many ways. It is reported that Uniswap, which is the largest application in the DeFi field in terms of revenue, has decided to keep this revenue for itself, which has led to an interesting discussion that questions where Ethereum is today.
With lower L1 (Layer 1) activity, less GWEI, and falling cash flow, there are experts who state that Ethereum is not an "ultra-sound money".
According to CoinGecko data, Ethereum, which has increased by 2% in the last 24 hours, is traded at $2,444 at the time of writing.
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Bitcoin Struggle with Last Resistance Before Bullish: Watch Out Above This Price
$BTC
In this period when Bitcoin's short-term investors are approaching their purchase prices, a move above $63,000 could trigger a short-term bull run.
In his current note, an analyst at the on-chain analysis platform CryptoQuant stated that Bitcoin is locked at $63,000. While Bitcoin has been exhibiting horizontal movements recently, the realized share of short-term investors (STH) has decreased from 55% to 40% in the last three months. It was stated that short-term investors' reactions to prices may increase.
It was stated that the realized prices of investors who have held Bitcoin for one week to six months are approaching each other.
The analyst emphasized that he calculated critical price levels, but the realized price of investors between 0 days and 1 week is not significantly different from the spot price. In his analysis, he stated that the critical price level for STHs is $62,700 and that this has not changed in the last three months.
He said that the market is currently moving around $62,000 and that if this level is exceeded, a more positive picture may emerge in the market structure.
The analyst, who stated that Bitcoin's current price is at $61,800, emphasized that a volume-supported rise above $63,000 could trigger a short-term bullish momentum.
According to CoinGecko data, Bitcoin, which has increased by 2% in the last 24 hours, is traded in dollars at the time of writing.
$BTC
In this period when Bitcoin's short-term investors are approaching their purchase prices, a move above $63,000 could trigger a short-term bull run.
In his current note, an analyst at the on-chain analysis platform CryptoQuant stated that Bitcoin is locked at $63,000. While Bitcoin has been exhibiting horizontal movements recently, the realized share of short-term investors (STH) has decreased from 55% to 40% in the last three months. It was stated that short-term investors' reactions to prices may increase.
It was stated that the realized prices of investors who have held Bitcoin for one week to six months are approaching each other.
The analyst emphasized that he calculated critical price levels, but the realized price of investors between 0 days and 1 week is not significantly different from the spot price. In his analysis, he stated that the critical price level for STHs is $62,700 and that this has not changed in the last three months.
He said that the market is currently moving around $62,000 and that if this level is exceeded, a more positive picture may emerge in the market structure.
The analyst, who stated that Bitcoin's current price is at $61,800, emphasized that a volume-supported rise above $63,000 could trigger a short-term bullish momentum.
According to CoinGecko data, Bitcoin, which has increased by 2% in the last 24 hours, is traded in dollars at the time of writing.
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Meme Coin Sold for $32K, Now Worth $18M: Still Rising!
$NEIRO
A cryptocurrency investor hastily threw away a multimillion-dollar profit opportunity.
According to data provided by on-chain analysis platform Lookonchain, an investor experienced great regret by selling the meme coin project early.
This investor spent only $1,000 worth of 0.32 ETH to buy 8.4 billion Neiro (NEIRO). Thanks to this purchase, which he made by recognizing the potential in the project early, he quickly multiplied his $1,000 by 30 times to $32,400 and sold all his NEIRO assets at this point.
However, NEIRO's upward momentum reached a different level with the Binance listing and the increasing interest. If the investor had been able to hold on to his 8.4 billion Neiro assets until today, he would have had $18 million instead of $32,000. But instead of a 690x return, he was willing to pay 30x.
According to CoinGecko data, Neiro, which has increased by 33% in the last 24 hours, is trading at $0.00241 at the time of writing.
$NEIRO
A cryptocurrency investor hastily threw away a multimillion-dollar profit opportunity.
According to data provided by on-chain analysis platform Lookonchain, an investor experienced great regret by selling the meme coin project early.
This investor spent only $1,000 worth of 0.32 ETH to buy 8.4 billion Neiro (NEIRO). Thanks to this purchase, which he made by recognizing the potential in the project early, he quickly multiplied his $1,000 by 30 times to $32,400 and sold all his NEIRO assets at this point.
However, NEIRO's upward momentum reached a different level with the Binance listing and the increasing interest. If the investor had been able to hold on to his 8.4 billion Neiro assets until today, he would have had $18 million instead of $32,000. But instead of a 690x return, he was willing to pay 30x.
According to CoinGecko data, Neiro, which has increased by 33% in the last 24 hours, is trading at $0.00241 at the time of writing.
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$ETH
This Data Is Overlooked with Ethereum's Rise: 4 Tokens Have a Big Impact!
According to the latest data, although increasing DeFi and speculative trading activities on the Ethereum network have increased transaction fees, traders do not care much about this increase with the price rally.
According to the latest report from on-chain data and analytics platform Santiment, transaction fees on the Ethereum network have started to rise slightly in recent weeks. This increase, along with Ethereum's recent 15.6% price increase, has not attracted much attention among traders.
According to the report, when prices generally move upward, traders tend to ignore higher fees. The average transaction fee is currently at $3.23, which is quite low compared to the $15 peak seen in March.
The main reason for this increase is the high trading volume of major assets in the DeFi ecosystem, such as Wrapped Ethereum (WETH). Alongside WETH, tokens such as Hana (HANA), Virtual USD (VUSD), Incept (INCEPT), and Doggo (DOGGO) also contribute significant transaction fees. Their activities in areas such as DeFi, staking, NFT, and speculative trading point to increasing activity on the Ethereum network.
This Data Is Overlooked with Ethereum's Rise: 4 Tokens Have a Big Impact!
According to the latest data, although increasing DeFi and speculative trading activities on the Ethereum network have increased transaction fees, traders do not care much about this increase with the price rally.
According to the latest report from on-chain data and analytics platform Santiment, transaction fees on the Ethereum network have started to rise slightly in recent weeks. This increase, along with Ethereum's recent 15.6% price increase, has not attracted much attention among traders.
According to the report, when prices generally move upward, traders tend to ignore higher fees. The average transaction fee is currently at $3.23, which is quite low compared to the $15 peak seen in March.
The main reason for this increase is the high trading volume of major assets in the DeFi ecosystem, such as Wrapped Ethereum (WETH). Alongside WETH, tokens such as Hana (HANA), Virtual USD (VUSD), Incept (INCEPT), and Doggo (DOGGO) also contribute significant transaction fees. Their activities in areas such as DeFi, staking, NFT, and speculative trading point to increasing activity on the Ethereum network.
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$BTC $ETH
Matrixport, which previously knew about the decline in Bitcoin, shared its market predictions for the end of the year! Here are the details
In a report published by Matrixport, it was stated that Bitcoin (BTC) is likely to recover by the end of the year.
In a report published today, Matrixport surprised many participants in the market by stating that Bitcoin is likely to recover by the end of the year.
Matrixport: Bitcoin May Experience a Strong Recovery by the End of the Year
The report stated that Bitcoin entered a consolidation process after reaching an all-time high in March 2024, but its return has reached 49% since the beginning of 2024. This rate is very close to the 47% return estimated in light of historical data
Matrixport stated that considering Bitcoin’s performance over the last decade, if this historical trend continues, there is a high probability of a significant recovery in prices in early October.
The report predicts that the coming weeks and months will be full of exciting changes for the crypto asset market
In addition, the slight recovery in Ethereum mining fees could be an indication that the summer consolidation phase of crypto assets is coming to an end.
The Matrixport report emphasized that Ethereum revenues and mining fees should be monitored carefully, and emphasized the importance of analyzing whether the recovery momentum is sustainable.
Matrixport, which previously knew about the decline in Bitcoin, shared its market predictions for the end of the year! Here are the details
In a report published by Matrixport, it was stated that Bitcoin (BTC) is likely to recover by the end of the year.
In a report published today, Matrixport surprised many participants in the market by stating that Bitcoin is likely to recover by the end of the year.
Matrixport: Bitcoin May Experience a Strong Recovery by the End of the Year
The report stated that Bitcoin entered a consolidation process after reaching an all-time high in March 2024, but its return has reached 49% since the beginning of 2024. This rate is very close to the 47% return estimated in light of historical data
Matrixport stated that considering Bitcoin’s performance over the last decade, if this historical trend continues, there is a high probability of a significant recovery in prices in early October.
The report predicts that the coming weeks and months will be full of exciting changes for the crypto asset market
In addition, the slight recovery in Ethereum mining fees could be an indication that the summer consolidation phase of crypto assets is coming to an end.
The Matrixport report emphasized that Ethereum revenues and mining fees should be monitored carefully, and emphasized the importance of analyzing whether the recovery momentum is sustainable.
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$SHIB
Santiment: Shiba Inu Bulls Should Wait For This Before Re-Clipping
According to cryptocurrency analytics platform Santiment, Shiba Inu investors should wait for the market to calm down before the price can re-peak.
Shiba Inu (SHIB) has gained an impressive 43% in the last 9 days, with on-chain activity significantly higher than other altcoin and meme coin alternatives. According to Santiment data, trading volume, circulation, and whale movements have reached their highest levels in the last 10 weeks. SHIB’s increasing dominance on social media is also noteworthy, which suggests a serious “FOMO” (fear of missing out) effect at the moment, increasing the likelihood that this rally will peak at some point.
Santiment: SHIB bulls may need to wait a while longer
According to the Santiment team, investors are advised to wait for the extreme bullish trend currently prevailing in the market to calm down a bit in order for SHIB to surpass the $0.000043 peak it reached in February this year.
SHIB, which is ranked 14th by market value of $11.13 billion, can be expected to exhibit volatile movements in the short term due to this high FOMO effect. Investors should closely monitor the sustainability of this rally while evaluating its long-term potential.
Santiment: Shiba Inu Bulls Should Wait For This Before Re-Clipping
According to cryptocurrency analytics platform Santiment, Shiba Inu investors should wait for the market to calm down before the price can re-peak.
Shiba Inu (SHIB) has gained an impressive 43% in the last 9 days, with on-chain activity significantly higher than other altcoin and meme coin alternatives. According to Santiment data, trading volume, circulation, and whale movements have reached their highest levels in the last 10 weeks. SHIB’s increasing dominance on social media is also noteworthy, which suggests a serious “FOMO” (fear of missing out) effect at the moment, increasing the likelihood that this rally will peak at some point.
Santiment: SHIB bulls may need to wait a while longer
According to the Santiment team, investors are advised to wait for the extreme bullish trend currently prevailing in the market to calm down a bit in order for SHIB to surpass the $0.000043 peak it reached in February this year.
SHIB, which is ranked 14th by market value of $11.13 billion, can be expected to exhibit volatile movements in the short term due to this high FOMO effect. Investors should closely monitor the sustainability of this rally while evaluating its long-term potential.
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$BTC $SOL
Bitcoin and Solana Lead the Meme Coin Craze: What Are the Potentials?
HashKey discussed the potential of the meme coin craze on the Bitcoin (BTC) and Solana (SOL) networks.
HashKey OTC CEO Li Liang drew attention to the improvement in funding rates as one of the signs of recovery in crypto markets.
According to Liang, the Solana and Bitcoin ecosystems were the pioneers of this recovery, while meme coins growing on these networks attracted significant interest in the market.
While meme coins on the Solana and Bitcoin networks in particular stood out with the increase in liquidity, meme coins such as Pepe (PEPE) and Shiba Inu (SHIB) on Ethereum also began to attract attention.
However, the rise of meme coins on Ethereum was not as rapid as on the Solana and Bitcoin networks.
In addition, the fact that Conflux was seen as the “Ethereum of China” also led to liquidity-based movements in the markets.
In addition, the fact that the Conflux protocol launched stablecoin support thanks to its partnership with WUSD was welcomed positively by investors. Although WUSD is a small stablecoin, many new products have been launched in the stablecoin field recently.
UStb offered by Ethena Labs and BitGo’s new stablecoin USDS are among the announcements that the market reacted positively to. This increasing popularity of stablecoins also increases optimistic expectations for the crypto markets.
Bitcoin and Solana Lead the Meme Coin Craze: What Are the Potentials?
HashKey discussed the potential of the meme coin craze on the Bitcoin (BTC) and Solana (SOL) networks.
HashKey OTC CEO Li Liang drew attention to the improvement in funding rates as one of the signs of recovery in crypto markets.
According to Liang, the Solana and Bitcoin ecosystems were the pioneers of this recovery, while meme coins growing on these networks attracted significant interest in the market.
While meme coins on the Solana and Bitcoin networks in particular stood out with the increase in liquidity, meme coins such as Pepe (PEPE) and Shiba Inu (SHIB) on Ethereum also began to attract attention.
However, the rise of meme coins on Ethereum was not as rapid as on the Solana and Bitcoin networks.
In addition, the fact that Conflux was seen as the “Ethereum of China” also led to liquidity-based movements in the markets.
In addition, the fact that the Conflux protocol launched stablecoin support thanks to its partnership with WUSD was welcomed positively by investors. Although WUSD is a small stablecoin, many new products have been launched in the stablecoin field recently.
UStb offered by Ethena Labs and BitGo’s new stablecoin USDS are among the announcements that the market reacted positively to. This increasing popularity of stablecoins also increases optimistic expectations for the crypto markets.
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Is Dogecoin Ready for a Rally with Elon Musk’s Support? 1.4 Billion DOGE Whale Accumulation
$DOGE
Market sentiments orbiting the Dogecoin price seem to have undergone a paradigm shift on Thursday. DOGE surged on the backdrop of on-chain data and Elon Musk’s comments. Veteran crypto analyst Ali Martinez drew attention to Dogecoin whale accumulation. At the same time, the popular meme coin managed to break through a key resistance level, thus solidifying its bullish stance amid Musk’s ‘Dogefather’ comments.
Market sentiments orbiting the Dogecoin price seem to have undergone a paradigm shift on Thursday. DOGE surged on the backdrop of on-chain data and Elon Musk’s comments. Veteran crypto analyst Ali Martinez drew attention to Dogecoin whale accumulation. At the same time, the popular meme coin managed to break through a key resistance level, thus solidifying its bullish stance amid Musk’s ‘Dogefather’ comments.
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Is XRP Ready to Explode? Experts Target $1!
$XRP
XRP saw a huge surge in price following Ripple’s victory over the SEC, but then it gave back its gains and has been stuck in a tight range for a long time. However, some crypto experts believe that XRP is a ticking time bomb and predict that the altcoin will head towards $1.
XRP: A Time Bomb Ready to Explode
A crypto expert by the pseudonym Mikybull Crypto says that XRP is set for a major breakout based on its technical indicators. XRP’s 50-period SMA has broken above the 200-period SMA, which typically signals a bullish signal. The RSI fluctuated between 40 and 60, indicating that XRP has some momentum
XRP Technical Analysis: Targeting $1
The altcoin price is consolidating in a narrow range and the RSI is neutral. A break above the $0.60 resistance would indicate that XRP could start an upward move. However, if it falls below the $0.58 support, XRP could move in the opposite direction. Another analyst predicts that XRP will reach $1 by October or November based on Elliott Wave Theory.
Ripple’s FedNow Project Could Strengthen XRP
In Ripple’s latest statement, it was stated that the US Federal Reserve’s FedNow project, which aims to combine traditional banking with DeFi, will transform payments, which will strengthen XRP adoption.
XRP looks like a bomb ready to explode when technical indicators and analyst predictions are taken into account. The altcoin is expected to move towards $1. However, as always, one should do their own research and make investment decisions carefully.
$XRP
XRP saw a huge surge in price following Ripple’s victory over the SEC, but then it gave back its gains and has been stuck in a tight range for a long time. However, some crypto experts believe that XRP is a ticking time bomb and predict that the altcoin will head towards $1.
XRP: A Time Bomb Ready to Explode
A crypto expert by the pseudonym Mikybull Crypto says that XRP is set for a major breakout based on its technical indicators. XRP’s 50-period SMA has broken above the 200-period SMA, which typically signals a bullish signal. The RSI fluctuated between 40 and 60, indicating that XRP has some momentum
XRP Technical Analysis: Targeting $1
The altcoin price is consolidating in a narrow range and the RSI is neutral. A break above the $0.60 resistance would indicate that XRP could start an upward move. However, if it falls below the $0.58 support, XRP could move in the opposite direction. Another analyst predicts that XRP will reach $1 by October or November based on Elliott Wave Theory.
Ripple’s FedNow Project Could Strengthen XRP
In Ripple’s latest statement, it was stated that the US Federal Reserve’s FedNow project, which aims to combine traditional banking with DeFi, will transform payments, which will strengthen XRP adoption.
XRP looks like a bomb ready to explode when technical indicators and analyst predictions are taken into account. The altcoin is expected to move towards $1. However, as always, one should do their own research and make investment decisions carefully.
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$BTC
Bitcoin Surpasses $65,000! US and China Economic Developments Affected the Rise
Bitcoin $65,661 gained value this week, exceeding the $65,000 threshold. The rise is driven by the rise in the stock market, positive US labor market data, and China's economic stimulus measures.
Stock Market Rally
Bitcoin's rise was primarily driven by the general rally in the stock market. Positive US labor market data supported the markets by increasing investor confidence.
China's Economic Stimulus Steps
On the other hand, China has lowered interest rates and increased bank liquidity in order to stimulate the economy. In addition, deflation is being combated by housing incentives and the establishment of a stock stability fund. “China will reduce the reserve requirement ratio by 50 basis points, providing more than 1 trillion yuan of liquidity to the market,” the People’s Bank of China said in a statement.
The Relationship Between Bitcoin and Global Liquidity
Bitcoin’s long-term correlation with global liquidity is quite strong. This correlation shows that Bitcoin tends to gain value when liquidity increases. “The data shows that Bitcoin’s correlation with liquidity is higher than gold and stocks,” said macroeconomic analyst Lyn Alden.
China’s liquidity-boosting efforts could contribute to Bitcoin’s long-term rally. However, in the short term, Bitcoin price movements are more likely to be affected by crypto-specific factors. Bitcoin’s current bullish trend presents an important opportunity for investors to observe the relationship between cryptocurrencies and economic indicators.
Market watchers predict that Bitcoin’s value could continue to rise due to the ongoing impact of economic data in China and the US.
Bitcoin Surpasses $65,000! US and China Economic Developments Affected the Rise
Bitcoin $65,661 gained value this week, exceeding the $65,000 threshold. The rise is driven by the rise in the stock market, positive US labor market data, and China's economic stimulus measures.
Stock Market Rally
Bitcoin's rise was primarily driven by the general rally in the stock market. Positive US labor market data supported the markets by increasing investor confidence.
China's Economic Stimulus Steps
On the other hand, China has lowered interest rates and increased bank liquidity in order to stimulate the economy. In addition, deflation is being combated by housing incentives and the establishment of a stock stability fund. “China will reduce the reserve requirement ratio by 50 basis points, providing more than 1 trillion yuan of liquidity to the market,” the People’s Bank of China said in a statement.
The Relationship Between Bitcoin and Global Liquidity
Bitcoin’s long-term correlation with global liquidity is quite strong. This correlation shows that Bitcoin tends to gain value when liquidity increases. “The data shows that Bitcoin’s correlation with liquidity is higher than gold and stocks,” said macroeconomic analyst Lyn Alden.
China’s liquidity-boosting efforts could contribute to Bitcoin’s long-term rally. However, in the short term, Bitcoin price movements are more likely to be affected by crypto-specific factors. Bitcoin’s current bullish trend presents an important opportunity for investors to observe the relationship between cryptocurrencies and economic indicators.
Market watchers predict that Bitcoin’s value could continue to rise due to the ongoing impact of economic data in China and the US.
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$WIF
Memecoin's Largest Investor Keeps Buying: Price Rises Again
The largest investor in dogwifhat (WIF), which has a market value of $2.2 billion, continues to buy.
According to the latest share by on-chain analysis platform Lookonchain, the largest holder of the WIF token borrowed 2 million USDC from Kamino again in the past hours to buy 894,854 WIF at $2.24. With this move, the whale's total WIF balance increased to 32.1 million WIF ($71 million). The whale's total profit exceeded $86 million.
Meanwhile, according to CoinGecko data, the WIF price has increased by more than 12 percent in the last 24 hours and exceeded $2.22.
He earned tens of millions of dollars thanks to Memecoin
This purchase came after another large transaction by the same whale six days ago. 6 days ago, the whale borrowed 4.5 million USDC again via Kamino to buy 2.55 million WIF at $1.76. With this purchase, the total WIF balance reached 31.2 million WIF ($57.4 million) and its total profit exceeded $74 million.
With the latest purchase, the whale strengthened its dominance in the WIF market and has a massive position of 32.1 million WIF in total. These strategic purchases increase the whale’s influence on the market and also draw attention to the WIF token.
Memecoin's Largest Investor Keeps Buying: Price Rises Again
The largest investor in dogwifhat (WIF), which has a market value of $2.2 billion, continues to buy.
According to the latest share by on-chain analysis platform Lookonchain, the largest holder of the WIF token borrowed 2 million USDC from Kamino again in the past hours to buy 894,854 WIF at $2.24. With this move, the whale's total WIF balance increased to 32.1 million WIF ($71 million). The whale's total profit exceeded $86 million.
Meanwhile, according to CoinGecko data, the WIF price has increased by more than 12 percent in the last 24 hours and exceeded $2.22.
He earned tens of millions of dollars thanks to Memecoin
This purchase came after another large transaction by the same whale six days ago. 6 days ago, the whale borrowed 4.5 million USDC again via Kamino to buy 2.55 million WIF at $1.76. With this purchase, the total WIF balance reached 31.2 million WIF ($57.4 million) and its total profit exceeded $74 million.
With the latest purchase, the whale strengthened its dominance in the WIF market and has a massive position of 32.1 million WIF in total. These strategic purchases increase the whale’s influence on the market and also draw attention to the WIF token.
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$XRP
Ripple (XRP) could reach $100: Surprising prediction from crypto expert!
Crypto analyst Levi Rietveld predicted that Ripple (XRP) could rise to $100 based on Michael Saylor's recent statements
Crypto analyst Levi Rietveld predicted that Ripple (XRP) could rise to $100 based on Michael Saylor's recent statements.
MicroStrategy founder Michael Saylor's positive views on Bitcoin came to the fore with Rietveld's XRP prediction Saylor shocked the crypto world with his Bitcoin prediction in a CNBC interview. The Bitcoin maximalist argued that BTC would grow to account for 7 percent of the world's capital. He talked about its advantages as a global, non-sovereign asset, free from the risks associated with government currencies.
Based on this, Saylor believes that Bitcoin could reach $13 million in the next 21 years. Levi Rietveld also stated that Ripple (XRP) could rise to $100 based on Michael Saylor's statements.
Jaw-dropping price prediction for XRP and BTC
At the time of writing, XRP is hovering around $0.580. However, Rietveld believes that if Bitcoin reaches Saylor's $13 million target, XRP could reach $100. Bitcoin is currently worth around $63,500, meaning it would need to increase more than 200 times to reach $13 million. At this level, Bitcoin's market share would reach $273 trillion.
Bitcoin dominates more than half of the global crypto market value. If the crypto leader reaches $13 million, the entire crypto market would be worth over $546 trillion. Rietveld believes that XRP will benefit significantly from Bitcoin’s projected 20,300 percent growth. To be exact, factoring that percentage increase into XRP’s price would push the major coin’s value to $120.
Ripple (XRP) could reach $100: Surprising prediction from crypto expert!
Crypto analyst Levi Rietveld predicted that Ripple (XRP) could rise to $100 based on Michael Saylor's recent statements
Crypto analyst Levi Rietveld predicted that Ripple (XRP) could rise to $100 based on Michael Saylor's recent statements.
MicroStrategy founder Michael Saylor's positive views on Bitcoin came to the fore with Rietveld's XRP prediction Saylor shocked the crypto world with his Bitcoin prediction in a CNBC interview. The Bitcoin maximalist argued that BTC would grow to account for 7 percent of the world's capital. He talked about its advantages as a global, non-sovereign asset, free from the risks associated with government currencies.
Based on this, Saylor believes that Bitcoin could reach $13 million in the next 21 years. Levi Rietveld also stated that Ripple (XRP) could rise to $100 based on Michael Saylor's statements.
Jaw-dropping price prediction for XRP and BTC
At the time of writing, XRP is hovering around $0.580. However, Rietveld believes that if Bitcoin reaches Saylor's $13 million target, XRP could reach $100. Bitcoin is currently worth around $63,500, meaning it would need to increase more than 200 times to reach $13 million. At this level, Bitcoin's market share would reach $273 trillion.
Bitcoin dominates more than half of the global crypto market value. If the crypto leader reaches $13 million, the entire crypto market would be worth over $546 trillion. Rietveld believes that XRP will benefit significantly from Bitcoin’s projected 20,300 percent growth. To be exact, factoring that percentage increase into XRP’s price would push the major coin’s value to $120.
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Elon Musk’s “Dogefather” Statements Increase Dogecoin Price
$DOGE $SHIB $PEPE
Market sentiment on the Dogecoin price at $0.114363 (DOGE) turned bullish on Thursday, amid on-chain data and comments from Elon Musk. Cryptocurrency analyst Ali Martinez noted that Dogecoin whale holdings have increased significantly in recent days, with 1.40 billion coins being hoarded. The price of the dog-themed cryptocurrency also recently climbed above the critical resistance level of $0.111, reinforcing the bullish trend amid Musk’s “Dogefather” comments.
Market sentiment on the Dogecoin price at $0.114363 (DOGE) turned bullish on Thursday, amid on-chain data and comments from Elon Musk. Cryptocurrency analyst Ali Martinez noted that Dogecoin whale holdings have increased significantly in recent days, with 1.40 billion coins being hoarded. The price of the dog-themed cryptocurrency also recently climbed above the critical resistance level of $0.111, reinforcing the bullish trend amid Musk’s “Dogefather” comments.
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$BTC
Bitcoin Price Surpasses $65,000 for the First Time Since August 2
Bitcoin Price Reaches $65,000
Bitcoin price has risen to $65,000 for the first time since August 2. This rise in the cryptocurrency market has created excitement among investors. Increasing trading activities, especially in recent days, are cited as one of the main reasons for this increase in Bitcoin's value.
The general positive atmosphere in the markets has contributed to the rise of Bitcoin and other cryptocurrencies. Experts state that factors such as increasing institutional interest and limited supply are effective behind this price increase. These developments, which have attracted the attention of investors, once again reveal the potential growth in the cryptocurrency sector.
However, it is emphasized that investors should be careful. Cryptocurrency markets are known for their volatile structure and prices can change quickly. Therefore, it is stated that investors should plan their moves carefully.
In conclusion, Bitcoin exceeding $65,000 offers new opportunities in cryptocurrency trading, while also reminding us that a careful approach is necessary.
Bitcoin Price Surpasses $65,000 for the First Time Since August 2
Bitcoin Price Reaches $65,000
Bitcoin price has risen to $65,000 for the first time since August 2. This rise in the cryptocurrency market has created excitement among investors. Increasing trading activities, especially in recent days, are cited as one of the main reasons for this increase in Bitcoin's value.
The general positive atmosphere in the markets has contributed to the rise of Bitcoin and other cryptocurrencies. Experts state that factors such as increasing institutional interest and limited supply are effective behind this price increase. These developments, which have attracted the attention of investors, once again reveal the potential growth in the cryptocurrency sector.
However, it is emphasized that investors should be careful. Cryptocurrency markets are known for their volatile structure and prices can change quickly. Therefore, it is stated that investors should plan their moves carefully.
In conclusion, Bitcoin exceeding $65,000 offers new opportunities in cryptocurrency trading, while also reminding us that a careful approach is necessary.
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Is a New Phenomenon Meme Coin Like Dogecoin Born in Solana: Exceeded 100 Million!
#IntroToCopytrading #FavoriToken #AirdropGuide #TopCoinsJune2024
The meme coin project, inspired by a phenomenal hippo, continues to soar.
Born in Khao Kheow Open Air Zoo in Thailand and becoming popular in the online world, adorable hippo Moo Deng has become the star of a memecoin.
According to data from Lookonchain, this token has achieved great success by reaching a market value of $100 million in just a few months. The token, which has reached 12,400 different wallets in the last 24 hours and attracted attention with a transaction volume of over $48.5 million, continues to spread rapidly.
The meme coin project, inspired by a phenomenal hippo, continues to soar.
Born in Khao Kheow Open Air Zoo in Thailand and becoming popular in the online world, adorable hippo Moo Deng has become the star of a memecoin.
According to data from Lookonchain, this token has achieved great success by reaching a market value of $100 million in just a few months. The token, which has reached 12,400 different wallets in the last 24 hours and attracted attention with a transaction volume of over $48.5 million, continues to spread rapidly.
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Meme Coin Investor Succeeded in 12 Hours: How He Turned His $95 Into $95,000?
#IntroToCopytrading
The jaw-dropping earnings of a meme coin investor in 12 hours have become a hot topic.
According to data provided by the on-chain analysis platform Lookonchain, a meme coin investor turned his $95 into $95,000 by making his money 1,000x in just 12 hours on September 25.
This investor invested $95 in the meme coin called INCEPT, which was launched on September 25, through wallets he created just 4 days ago, and achieved this profit thanks to the huge increases that followed.
Lookonchain analysts reported that this person was probably connected to the team and may have engaged in insider trading.
Experts called on the general investor mass to be careful about such projects. While meme coin projects may promise great returns, they also carry equally great risks.
It is often emphasized that investors should do solid research before getting involved in such projects. Sudden price movements can create major losses, especially for uninformed investors.
#IntroToCopytrading
The jaw-dropping earnings of a meme coin investor in 12 hours have become a hot topic.
According to data provided by the on-chain analysis platform Lookonchain, a meme coin investor turned his $95 into $95,000 by making his money 1,000x in just 12 hours on September 25.
This investor invested $95 in the meme coin called INCEPT, which was launched on September 25, through wallets he created just 4 days ago, and achieved this profit thanks to the huge increases that followed.
Lookonchain analysts reported that this person was probably connected to the team and may have engaged in insider trading.
Experts called on the general investor mass to be careful about such projects. While meme coin projects may promise great returns, they also carry equally great risks.
It is often emphasized that investors should do solid research before getting involved in such projects. Sudden price movements can create major losses, especially for uninformed investors.