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Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
Apparently, 6900 is better than 500. Crypto traders claim so, and more than a year after the launch of SPX6900 Price Trading volume in 24h Last 7d price movement , they seem right. What is SPX Crypto? I keep looking at the chart and wondering: how, when, and why? But with meme coins, you rarely have the answers. Someone decided that, yes, spx6900 is better than spx500, and in terms of performance, they were right. SPX6900 ($SPX) was born from the concept that “6900 is greater than 500,” referring to the S&P 500 Index. Bigger numbers equal better investments, no? SPX6900 seeks to challenge traditional financial logic by promoting its version of a “superior” market index, the S&P 6900. Explosive Rally For SPX6900 – Up +6000% In Just One Month ( SPXWETH ) SPX 6900, SPX , did not seem to dampen this last month. With a 60x increase, it has reached an ATH of $480 million. All this without any major price correction. Crazy. Those who are buying at these prices certainly deserve applause for their courage. High risk, high reward, right? Will it hit $1 billion market cap? If this incredible momentum continues, SPX could hit the $1 billion target before a major retrace. Don’t Miss The Possible Next 100x With Flockerz As we watch the recent explosive run of SPX 6900, we can appreciate the huge earnings potential in the meme coin market. This same growth potential is now being showcased by Flockerz, which is in its presale phase and has already raised over $500,000, signaling strong investor interest. Flockerz ($FLOCK) is an innovative meme coin project that empowers its community by allowing them to play an active role in the project. Known as “The Flock,” its community members have the ability to influence major decisions through FlockTopia, a decentralized ecosystem where users can participate in voting on critical matters. Additionally, users are rewarded with $FLOCK tokens for their engagement. What sets Flockerz apart from typical meme coins is its Vote-to-Earn model, which was introduced during the presale. With 20% of the total token supply allocated to early adopters, this system provides a compelling incentive for participation. Flockerz aims to transform the meme coin space, offering its holders not just value, but real influence over the project’s evolution. The current presale price of $1 FLOCK = $0.005724 provides a unique opportunity for early buyers to enter at a low entry point before the token potentially takes off. As we have seen with SPX6900, being a part of a project early can lead to significant gains once it catches the market’s attention. Flockerz offers staking rewards, with a current APY of 3570%, allowing investors to earn additional returns by staking their tokens. Buy FLOCK Here EXPLORE: Best Way to Diversify Your Portfolio in 2024? BlackRock Says Bitcoin Join The 99Bitcoins News Discord Here For The Latest Market Updates Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
SPX 6900 Goes Viral: Is Crypto Making Fun Of Stocks And Winning?Bitcoin (BTC) hovers at the $62,000 level yet sees no damping bullish spirit. Analysts notice a highly bullish golden cross formation for the pioneer crypto asset. BTC is now set to hit new highs starting from $73,7000 to $250,000. Bitcoin’s dip to the $62,000 price range has done nothing to dampen the bullish sentiment taking over the crypto space. Most analysts are patiently waiting for a price pump in the cryp[to market taking Bitcoin (BTC) and altcoin prices to new ATHs in the coming months of what is to become a very bullish Q4. Another Bullish Golden Cross Looms for BTC As we can see from the post below, BTC printed a death cross followed by a golden cross late last year. This move propelled the price of BTC from the $24,000 price range to the $40,000 after which Bitcoin continued to pump steadily. Presently, the same pattern seems to be in play with a death cross already printed and another golden cross pattern starting to print. #Bitcoin Weekly Golden Cross Incoming! 🌟 #BTC ’s current price action closely mirrors last year around this time: a fake death cross followed by a golden cross that triggered a 145% rally. Weekly Ichimoku golden crosses are highly significant! pic.twitter.com/GFUBeUeaTz — Titan of Crypto (@Washigorira) October 7, 2024 What’s more, the analyst in the post calls this a weekly ichimoku golden cross which can be very significant. Last time the fake death cross led to a golden cross which triggered a 145% rally for the price of Bitcoin (BTC). Similarly, another post highlights the formation of Bitcoin about to complete the golden cross pattern in the 50 days over 200 days price chart. Triple Blow-Off Wave Loads for BTC Triple blow-off wave incoming! $BTC 2019-2024 Elliottwave: (1) First Impulse (2) First Correction (Sharp) (3) Second Impulse (4) Second Correction (Flat) (5) Third Impulse, following step-like formation with Base 1 to 4. Channeling method: Target of ~$250k at 5, (5) and ⑤ pic.twitter.com/dAuBzMaQo9 Read CRYPTONEWSLAND on google news — Gert van Lagen (@GertvanLagen) October 7, 2024 Meanwhile, another popular technical analyst, Gert van Lagen, observes a specific continuity from 2019 to 2014, calling it the Elliottwave. According to this observation, BTC completed the first impulse, a sharp first correction, the second impulse, a flat correction, and is now heading into the third impulse . This leads BTC to the next ATH target of $250,000. But before BTC can work its way up to this major target, one analyst marks a price target closer to its current price, this is the target of $73,700 . This anlayst suggests that a recovery is in progress for BTC and it begins with first setting a smaller ATH. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Bitcoin Approaches Second Golden Cross Formation, Analysts Expect Pumps Towards $73,7000 – $250,000Original author: flowie, ChainCatcher The AI+Web3 track has become active again. In the past month, the AI+Web3 track has disclosed nearly 20 financings, and leading institutions such as a16z and Binance Labs have made consecutive moves. However, with the rampant high FDV projects this year, the AI+Web3 narrative favored by capital has once deterred many crypto users. In fact, with exchanges such as Binance cracking down on high FDV projects, and other participants in the crypto market reflecting on the high FDV dilemma in recent months, the market has also undergone some potential changes. Looking at the recently active AI+Web3 projects, some projects are strictly controlling FDV and making efforts to apply it, breaking away from the vicious circle of selling coins at high valuations with only narratives. Recently, KIP Protocol, a decentralized AI infrastructure layer led by Animoca Ventures and Tribe Capital, is one of them. KIP Protocol is the first underlying protocol to support the decentralized retrieval-augmented generation network (dRAG) and is also the leading project in the dRAG track. KIP Protocol attempts to solve the pain points faced by AI model makers, App developers, and data owners when trying to decentralize through dRAG, allowing knowledge and data to be protected and monetized as intellectual assets, ensuring that they interact with artificial intelligence without losing ownership. KIP Protocol is currently accelerating the application of DeAI+Education, DeAI+Entertainment and other fields, bringing millions of Web2 users into Web3, and promoting the large-scale adoption of Web3+AI. The world has long suffered from high FDV In the past year, tokens with a high FDV, low circulation model have been rampant. These tokens will continue to be unlocked after TGE, causing a large amount of selling pressure on the market, and the price performance is generally weak. In a report released in May this year, Binance Research pointed out that the FDV of tokens launched in the first four months of 2024 is close to the total number in 2023. And the market capitalization (MC) to FDV ratio of tokens launched in 2024 is the lowest, about 12.3%. The MC/FDV ratios of tokens in 2022 and 2023 are 41.2% and 26.7% respectively. Binance Research estimates that approximately $155 billion worth of tokens will be unlocked from 2024 to 2030. That is to say, without such a large influx of funds, many tokens will face huge selling pressure and there will be little room for upside. According to statistics from crypto KOL @Ryanqyz_hodl, most of the tokens listed on Binance in 2024 all fell sharply after TGE. (Data source: @Ryanqyz_hodl) This has also led to a large number of retail investors becoming victims after the TGE of many projects, and even some investors such as VCs may face the dilemma of only paper wealth due to the unlocking period. Therefore, the high FDV, low circulation model has also become the focus of criticism from a large number of community users, and is widely regarded as one of the culprits that caused this round of bull market to become a false bull market. As the high FDV and low circulation model becomes more and more controversial, the crypto exchange Binance took the lead in adjusting its listing strategy: On the evening of May 20, Binance announced a public recruitment plan for listing projects, stating that the high valuation and low circulation model would be detrimental to ordinary investors and loyal community members of the project. In order to cultivate a healthy industry ecosystem, Binance will take the lead in supporting small and medium-sized cryptocurrency projects. The founder of OKX also tweeted that exchanges should not become accomplices of high FDV and low circulation projects. With the rectification of the leading exchanges and the collective reflection of other crypto participants, pioneers such as KIP Protocol have begun to appear on the market to solve the high FDV encryption dilemma. Adhering to the principle of low FDV, the popularity of KIP community exceeded expectations Web3+AI is one of the most favored tracks by capital this year. The involvement of too many investment institutions and institutional funds can easily give rise to highly valued projects. According to CoinGecko data, as of September 24, the FDV of the open source AI project Bittensor has reached US$11.5 billion, and the FDV of the decentralized GPU infrastructure Aethir has also reached US$2.6 billion. Among the Web3+AI concept projects that recently announced financing, Sahara AI and Vana received financing amounts of US$43 million and US$25 million respectively, which are bound to correspond to extremely high valuations. In comparison, KIP Protocol is very restrained in financing, and its valuation is also at a relatively low level among a number of Web3+AI concept projects. Recently, KIP Protocol announced that it has completed a $5 million private equity financing led by Animoca Ventures and Tribe Capital. According to the token economic model published in the KIP Protocol white paper, the Private Sale accounts for 10% of the total token issuance, which estimates that the current valuation of KIP Protocol is about $50 million. According to KIP Protocols previous node sales model, it provides lower potential FDV for early participants by introducing lower-level nodes at the beginning of the sale. KIP takes out 20% of the total tokens for node rewards, and the corresponding valuation of Tier 1 nodes is also 50 million US dollars, which is much lower than the corresponding valuation of Tier 1 nodes of projects such as Aethir, Sophon, and Carv. As one of the current leaders in the dRAG track, KIP has an impressive team background and is backed by top investment institutions. It may be beyond everyones expectations that it can insist on a low valuation in such a broad sense. According to public information, KIP co-founder and CEO Julian Peh is a serial entrepreneur and investor who has experienced multiple Internet cycles, spanning the Internet Web1, Web2 and entering We 3 in 2016. Julian Peh also had a high starting point in Web3: he founded a consulting company that provides research and communication services, and has provided services to venture capital firms such as Animoca Ventures. In addition, Dr. Jennifer Dodgson, who founded the well-known AI project Eigenform, is currently KIPs Chief AI Strategy Officer. She has provided AI consulting services to many large clients. According to the official website, the KIP team also brings together talents with diverse backgrounds such as AI, payment, data analysis, and investment, and most of the team members come from the leading companies in these fields. KIPs technical solutions and application value have also been initially recognized. At the 2023 Chainlink Hackathon, KIP stood out from more than 18,500 participating projects and won the Tencent Cloud Award. The teams own experience and strength in AI, data services and other fields also make community users have high expectations for KIP. In April this year, the Genesis NFT sold by KIP received a high level of participation, and 3,888 NFTs were quickly minted out within 4 minutes of the public sale. KIP node sales also exceeded market expectations. In the previous community node sales, 400 nodes each from Tiers 1 to 3 were sold out in about 2 hours. Judging from the teams solid industry background and previous operating performance, KIPs ability to maintain a low valuation may also be due to the potential for future applications of its decentralized RAG protocol. KIP does not need to dump tokens through a high valuation model, but instead focuses on the long-term value and large-scale application of its decentralized RAG protocol, providing users with real use cases to complete the business closed loop. Get rid of the vicious circle of only talking about narrative and not talking about application Behind this round of bull market relying on the high FDV, low circulation model is the fact that the Web3 capital market has created a false prosperity without creating real value. Crypto KOL Ryanqyz reflected on the X platform that all participants in the crypto industry have fallen into a vicious cycle of creating unreal stories, not doing practical things, and just wanting to sell coins. When the narrative-driven model of the crypto market no longer works, what should we do next? Ryanqyz believes that the market needs to enter the real application cycle and return to a venture capital environment similar to the traditional Web2 field that prefers projects with real income and real use cases. As a team that has experienced the complete cycles of Web1 and Web2 and has successful entrepreneurial experience, the KIP team has had in-depth thinking on the applicability of technology and business models since its inception: KIPs decentralized RAG (retrieval-augmented generation) technology is in high demand in fields that require the latest and sensitive data sources, such as games, education, healthcare, and asset management. Julian Peh, co-founder and CEO of KIP, once shared in Space how KIP can help the education sector solve the problems of intellectual property rights and profit distribution. Julian Peh mentioned that the three core elements that KIP focuses on are models, apps, and data. Suppose there is a university textbook that has intellectual property (IP). KIP can put this textbook into a knowledge base, then process this knowledge through a model, and provide an APP to help students answer questions, or use this textbook to generate test papers, forming a complete AI product. At the same time, KIP can solve the problem of these AI assets deployed on Web3 so that each creator can retain their ownership. KIP will also connect all parties to generate interactions and answers, and solve the problem of profit distribution among all parties through smart contracts. Deeply cultivate DeAI + Education and DeAI + Entertainment to promote the large-scale adoption of Web3 + AI Currently, KIP has started from the fields of education and entertainment to accelerate the application of its technology. In the field of DeAI + Education, in April this year, KIP Protocol reached a cooperation with Open Campus, a leading Web3 education project. Open Campus and the education company behind it have received investment support from Animoca Brands and Binance Labs, and Open Campus has also been launched on Binance Launchpad. Through this collaboration, KIP helped Open Campus integrate KIP’s decentralized Retrieval Augmented Generation infrastructure, enabling educators to provide students with their 24/7 digital AI “twin” versions that adapt to students’ learning progress in real time. At the same time, KIP helps educators create and control their AI assets (“KnowledgeKeys”) and enjoy complete digital property rights and reasonable returns. In addition to business-level cooperation, KIP Protocol has also received funding and strategic support from Open Campus: In early August, KIP Protocol announced that its OCP-12 proposal was passed unanimously, and obtained the management rights of the $10 million fund established by Open Campus to continue building the decentralized AI learning platform Open Campus U (OCU), which aims to transform the education industry through AI and Web3 technologies, affecting 250 million students worldwide and covering 23,000 universities. According to the approved proposal, KIP has set specific strategic goals in the next 18-24 months, including recruiting 400 professors, offering 900 selected courses, and attracting 1 million new learners to join Open Campus. From the all-round cooperation between KIP and Open Campus, it is not difficult to see their close relationship. KIP Protocol should be one of the most core AI encryption service providers of Open Campus. In addition to the education field, KIP has also recently expanded into the DeAI + Entertainment field: In July, KIP Protocol reached a strategic cooperation with Moemate, a well-known Entertainment AI project. Moemate is an AI Agent platform with over 3 million users. It has built an ecosystem of mixed reality AI Agents from chatbots to AR/VR, including personalized AI companions that can play games with users, and AI NPCs in games. KIP will help Moemate gradually decentralize its architecture, such as supporting account abstraction, tokenization and trading of roles, skills and models, community-driven AI asset investment and crowdfunding, and fiat and cryptocurrency payments. By empowering Moemate, KIP will lead more than 3 million Web2 AI users into the Web3 field. KIP also has its own advantages in ecological expansion. As the core AI project in the Animoca ecosystem, KIP is rapidly expanding its ecosystem by leveraging the network effect of hundreds of Animoca projects. It is expected that more application cases will be implemented in the second half of the year. Conclusion At present, the market generally believes that the advent of the traffic era and the change in Binance listing aesthetics will be huge opportunities for Web3 projects with healthy FDV and focus on applications. Among a number of Web3+AI narrative projects, KIP, as one of the first representative projects to maintain low FDV, is using its decentralized RAG protocol to help platforms seeking decentralized AI solutions, such as Open Campus, the leader in Web 3 education, and Moemate, the leading project in Entertainment AI, to solve their problems, in order to promote the large-scale application of DeAI + Education and DeAI + Entertainment, and bring millions of Web2 AI users into Web3. With the arrival of the interest rate cut cycle and the start of a larger bull market, KIP is expected to release greater value and potential.
Promote the real use cases of DeAI and focus on the underlying protocol of decentralized AI, KIP Protocol, to bring millions of Web2 AI users into WeThe cryptocurrency market is closely following the remarkable performance of SUI price , a Layer-1 protocol blockchain approaching its all-time high of $2.18. As SUI price continues its upward momentum, with over 123% gains in the last month, traders are eager to see whether the token will surpass its previous peak or encounter resistance. Currently, SUI price is hovering around $2, close to its ATH, making it one of today’s top gainers . By TradingView- SUI Performance Overview SUI Bullish Momentum: Is A New ATH For SUI Price on The Horizon? In recent days, SUI price surge has captured the market’s attention , particularly after an 18% gain on Monday. This surge followed a weekend bounce off a crucial support level at $1.611, setting the stage for SUI bullish momentum. Over the past 24 hours, SUI price surged again to highs of $2.13, placing it at the forefront of the altcoin market and even closer to its ATH. By TradingView - SUIUSD_2024-10-08 (1M) SUI bullish momentum is further supported by its impressive total value locked (TVL), which recently surpassed the $1 billion mark. Notably, Bybit’s Launchpool added support for SUI, marking it as the platform’s first native cryptocurrency. Additionally, daily transaction volume on the SUI blockchain has surged by 120% in October alone, rising from $4.1 million to $9 million, which indicates strong market interest. Rising Market Capitalization and Trading Activity SUI market cap has also seen a significant increase, reaching $5.64 billion and positioning it as the 18th largest cryptocurrency by market cap. Trading volume for the token surged by more than 109%, reaching $1.55 billion. This heightened activity can be partly attributed to investors capitalizing on SUI price surge and its recent gains, engaging in profit-taking as they look to maximize returns. By TradingView- SUI Price Performance Technical Indicators Point to a Potential SUI Price Correction Technical indicators for SUI price suggest possible fluctuations ahead. The RSI currently stands at 71,95 indicating that SUI is in overbought territory. When the RSI exceeds 70, it often signals a possible correction as investors may lock in profits, leading to a short-term price dip, making the SUI price correction most likely. By TradingView - SUI Technical Indicators The MACD , however, presents a more mixed picture. While the MACD line remains above the signal line, suggesting the ongoing SUI bullish momentum, the histogram shows shrinking green bars, hinting at a weakening trend. If this continues, the MACD could move closer to the zero line, indicating a potential bearish shift, the SUI price correction. What’s Next for SUI Price: Bullish Breakout or Price Pullback? Market experts are divided on SUI price next. Some analysts expect a retracement before another upward push, while others anticipate a possible breakout to new highs. Some have warned of a potential fake breakout above the ATH for SUI price , advising traders to be cautious and avoid becoming “exit liquidity” for larger players. According to analysts, SUI price might temporarily break above its all-time high, drawing in new traders before experiencing a pullback. His analysis suggests that SUI price could then drop to support levels between $1.40 and $1.10 before potentially rebounding. Should the altcoin stabilize, it may retest its ATH and even target the 1.272 Fibonacci level at $3.32 in the current October bull run. By TradingView - SUIUSD_2024-10-08 (5D) As the SUI price approaches its all-time high, the market is keenly watching for signs of a breakout or pullback. While technical indicators point to potential volatility, the increase in SUI market cap and its growing transaction volume underscore the strong interest in the cryptocurrency. Whether the SUI bullish momentum will continue or face a temporary SUI price correction, remains to be seen, but traders are prepared for both scenarios.
Is The New ATH For SUI Price On The Horizon?Bitcoin (BTC) has reclaimed the $63,000 price fueling altcoin rally action. SUI takes the lead having pumped over 120% in price over the last month alone. The asset nears its previous ATH price, analysts debate over breakthrough and retest targets. October flips green as Bitcoin surges past the $63,000 target and the sentiment is slowly seeping into a myriad of altcoins across the crypto market. Presently, all eyes are on Sui (SUI). The altcoin received praise from Cardano’s Charles Hoskinson and continues to pump in price. SUI Leads Altcoin Pump So far, SUI price stands at $1.94 and is up by 11% in the last 24 hours and up by 121% in the last month. Analysts are pleased to see SUI rise and expect it to possibly beat out its competitors in the crypto space this bull run. SUI is up by 333% this year and is expected to continue to set new ATH in the coming months. According to CoinMarketCap data, SUI set and ATH at $1.98 about six months ago. Presently, it is close to breaking past this previous ATH. Analysts expect this to occur soon following by an even greater pump taking the price of SUI to much higher highs in the thick of the coming bull run phase of the ongoing bull cycle. Will SUI Set a New ATH or Face Another Retest? Watchlist: GAME CHANGING WEEK FOR $SUI HUGE DOUBLE BOTTOM NECKLINE ONE THE WEEKLY TIME FRAME! Currently facing a major resistance. Will the breakout continue or we'll see a slight correction? @SuiNetwork pic.twitter.com/9pw1jMAJqO — CryptoBusy (@CryptoBusy) October 7, 2024 According to the post above, SUI is pumping after a correction and is facing a major resistance level. It has also printed a huge double bottom neckline on the weekly time frame leading analysts to believe that a game-changing week is unfolding got the altcoin. Adding to this expectation is another crypto analyst who shares major price predictions for SUI. Read CRYPTONEWSLAND on google news $SUI , strongest coin over the last 2 months but we have left a lot of imbalances lower on this move up. – If we get 1D retest of this confluence zone consisting of key S/R, 1D FVG, 1DEMAs, Supertrend between $1.3 – $1.42, I will be a buyer. It goes higher from here I make… pic.twitter.com/pnmhykqj3O — Scient (@Crypto_Scient) October 7, 2024 As we can see from the post above, this analyst marks SUI to be the strongest coin over the last two months and states that imbalances have been left. He expects a retest to occur for SUI where the price could drop to $1.3 or $1.42. This will lead to more dip buying further resulting in SUI’s launch to set a higher high this bull cycle. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
SUI Nears ATH Target, Will the Altcoin Breakthrough or Will it Take Another Dip Before the Q4 Altcoin Pump?SUI price pumped by 333% over the last month alone. The asset now nears its previous ATH and faces major resistance. Analyst expects SUI to breakthrough and set new ATH targets like $4. Bitcoin’s surge beyond $63,000 has led to a great start for week two in October as the BTC price movement flipped the month to green hinting at a major surge for the crypto market and the start of Uptober. Many analysts are pleased to see BTC and many altcoin like SUI to already setting green signals and heading towards previous ATH targets. Analyst Draws Light to SUI’s Unstoppable Momentum In particular for SUI , one analyst goes on to highlight how its price momentum is gaining attention, with targets of $3 in the next 7-10 days and potentially $4 by the end of October. The bullish trend for SUI began in early September when the altcoin found support around $0.80. $SUI #STRONG Target revision: $3.00 in 7-10 days. $4 by October end. Here is why and how: Starting in early September, SUI found solid support around the $0.80 level, which marked the beginning of a strong bullish structure. From there, it steadily broke through immediate… pic.twitter.com/dHg5EEFvE2 — Sarosh (@SaroshQ2022) October 7, 2024 Since then, SUI has consistently broken through resistance levels, building higher highs and higher lows, which are classic signs of strengthening momentum. Adding on, the analyst draws light to a critical moment that occurred in mid-September when SUI surpassed $1.20 and broke through the 200-day Simple Moving Average (SMA) at $1.09, indicating a shift in trend as buyers began dominating the market . Reveals Major Trend Targets and ATHs for SUI Furthermore, he states that SUI has since maintained a solid uptrend, even in the face of selling pressure. Recently, SUI hit a significant resistance trend line dating back to February, which could be a key turning point. If it manages to close above this level consistently, the stage is set for a substantial rally. Read CRYPTONEWSLAND on google news According to this analyst, the next major target for SUI is set at $2.20, which, if broken, could lead to a quick move to $3. The continued strength of SUI, despite challenging macroeconomic conditions, geopolitical tensions, and token unlocks that typically increase selling pressure, suggests that many traders are accumulating the token in anticipation of further gains. All in all, SUI’s recent price action is pointing to a bullish future. If it can break above the long-term resistance, a move toward $3 and possibly $4 by early November seems likely, setting the token up for potentially exciting moves ahead. Keep an eye on this momentum, as it could signal significant growth in the coming weeks. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
SUI’s 333% Pump Is Just the Beginning, Analyst Reveals Bullish ATH Targets for the Popular AltcoinBitcoin breaks bearish trends, hitting a higher high, signaling bullish momentum as it targets $66,000 in the short term. Strong support from the MA50 and bullish market sentiment boosts confidence in Bitcoin’s rise to the $66,000 region. Global liquidity recovery suggests broader market strength, further fueling Bitcoin’s bullish trajectory and capital inflows. For the first time, the price of Bitcoin is above $65,000 all-time high. Bearish experts, expecting a decline, clung to the pattern of higher highs and lower lows for weeks. Bitcoin’s price has recently increased, though, defying this theory and shocking a lot of people by demonstrating the strength of the market. A beneficial move that is primarily responsible for the present greater gain was spurred by bullish momentum and Bitcoin’s retest of the 50-day moving average (MA50). #Bitcoin – What’s Next? The big Sunday Report, all you need to know: 🚩TA/LCA/Psychological Breakdown: This week, for the first time since Bitcoin's ATH, it successfully printed a new higher high by pumping higher than past the previous high of $65k. This breaks the… pic.twitter.com/k8Nhib0jYj — Doctor Profit 🇨🇭 (@DrProfitCrypto) October 6, 2024 Technical Overview: Bitcoin Targets $66,000 Bitcoin is currently trading at around 62,106 USD , with the MA50 positioned below its price. This test of the MA50 support area demonstrates the market’s resilience and the bullish sentiment driving Bitcoin’s price higher. Additionally, premium signals provided earlier have positioned traders with long positions in the $60-61k range, already yielding profits. Long positions remain a focus, as many traders are targeting the $66,000 region in the short term. This target is based on solid market data and technical analysis. Significantly, the bullish momentum is reinforced by a positive market outlook. Doctor Profit, a well-known analyst , has set a new target of around $66,000. He plans to add more to his existing long positions around $60,400 if the market revisits this area, expecting Bitcoin to continue its upward trajectory. Read CRYPTONEWSLAND on google news Broader Market Sentiment: Global Liquidity Surge Moreover, global liquidity is forming a perfect reversal, indicating a broader bullish market for both Bitcoin and stocks. The global liquidity index, following its cyclical trend, shows signs of recovery after a significant decline in recent years. It is anticipated that this boom will last until 2026, in line with the present bull market. As a result, investors should anticipate higher capital inflows into Bitcoin, which will further bolster its positive momentum. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Bitcoin Soars to New Heights as It Defies Bearish Predictions at $65,000A dormant Bitcoin whale moved $634K to Kraken, reflecting a notable shift in market dynamics and investor sentiment. Bitcoin’s price has risen by 2.06% in the last 24 hours, with 90% of holders currently in profit, indicating strong demand. Recent trading trends show a notable increase in futures volume and a net outflow of 282.6 million BTC from exchanges. A Bitcoin whale, dormant since near Bitcoin’s genesis block, just moved $634,000 in BTC to the Kraken exchange. This transfer, flagged by crypto intelligence platform Arkham on X, comes from a wallet holding $73.4 million in Bitcoin and may signal shifts in market sentiment with the BTC price hovering around $63,870.88. This is not the first time this whale has made waves. Just a month ago, they transferred another portion of their holdings, marking their reemergence after years of inactivity. The latest market data reflects a mix of volatility and cautious sentiment across cryptocurrencies and commodities. Bitcoin’s price rose by 2.06% in the past 24 hours. Its trading volume hit approximately $29.64 billion, demonstrating strong investor interest. In addition, Bitcoin’s market capitalization is now at $1.26 trillion. The circulating supply holds at 19,764,400 BTC, with a maximum supply of 21 million BTC. Elsewhere, the broader market environment is experiencing fluctuations. Gold futures fell by 0.38%. However, the U.S. dollar Index saw slight strengthening. Bitcoin’s dominance remained steady at 56.86%, while exchange balances dropped. This decline suggests that investors are moving their Bitcoin holdings off exchanges, potentially to cold storage or personal wallets. This behavior often aligns with a decrease in selling pressure. When fewer Bitcoins are readily available on exchanges, it leads to a supply squeeze that can have a positive influence on BTC price. Source: Coinglass Trading Activity and Trends Futures trading has seen a surge lately, with a notable 53.3% increase in volume. Also, there was a sharp rise in liquidations, pointing to heightened market volatility. Funding rates paint a mixed picture of trader sentiment. While OKX’s BTC/USD pair shows a slightly bearish bias with a negative funding rate, its BTC/USDT pair indicates bullish sentiment. Both Binance and Bybit lean towards long positions with positive funding rates across their BTC/USD and BTC/USDT pairs. Long/short ratios on Binance and OKX reveal a cautious shift, with more traders choosing short positions. Technical Indicators Current technical analysis paints a bullish picture for Bitcoin. The Relative Strength Index (RSI) hovers around 56.53, indicating strong upward momentum. While not yet in overbought territory, this suggests further price increases are possible. Current technical analysis reveals intriguing insights. The Relative Strength Index (RSI) sits at 56.53, indicating that Bitcoin is nearing the upper neutral zone. While it has not yet entered overbought territory, this suggests that the asset is gaining momentum. If buying pressure continues, Bitcoin could maintain its upward trajectory. However, caution is advised as it approaches the overbought threshold. Read also: Bitcoin Whales HODLing: Are They Waiting for Retail Investors? Source: TradingView The Moving Average Convergence Divergence (MACD) further supports this bullish outlook. Although the MACD line, 572, is currently below the signal line, 781, the gap is narrowing, hinting at a potential bullish crossover. This crossover, if confirmed, could trigger a surge in buying activity. Red bars on the histogram indicate that bearish momentum exists, though it appears to be weakening. Institutional Interest Bitcoin’s October performance has shown a few promising trends. After seven days of trading, Bitcoin is in the green for the month. Historical averages from 2013 to 2024 indicate a potential increase of 21%. Plus, a rise of 15% could push Bitcoin to hit a new all-time high (ATH) this month. Bitcoin has approximately 90% of holders in profit, and its market capitalization has climbed to $1.23 trillion. What’s more, large holders now own 12% of the total supply. Just last week, transactions over $100K topped $95 billion, showing significant institutional interest. Source: IntoTheBlock The data indicates a bullish sentiment as Bitcoin experiences a net outflow of 282.6 million BTC from exchanges. This trend reflects growing confidence among investors, as many choose to hold their assets rather than sell. Notably, 71% of holders have maintained their Bitcoin for over a year, underscoring their belief in Bitcoin’s long-term potential. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Ancient Bitcoin Whale Wakes Up, Sends $634K to KrakenOn October 7th, Aethir, a decentralized GPU cloud infrastructure, announced in its official blog that it has introduced XPLA, a blockchain network founded by South Korean game publisher Com2uS, as its second partner. The two parties will jointly launch a $10 million game project ecosystem funding program. The program aims to promote the most innovative AI-driven AAA games and game studios to join their respective ecosystems. XPLA will provide fee funding, game infrastructure guidance, User Experience optimization, and token economics consulting, while Aethir will provide computing funding and cloud integration technology support. Applications for the funding program will be open soon, and more detailed information will be released in the coming period.
Aethir to Launch $10 million Game Project Ecosystem Funding Program with XPLAOn the 3-month chart, the future of bitcoin is Bullish, and the candles are remarkable above the 2021 ATH. Reactions around $61,000, close to the previous ATH, encourage further upside movements. Some analysts have been predicting the emergence of a “God-like candle” that will push prices skyward. Looking at the Bitcoin chart , what can be singled out about its longer term chart is that it is experiencing the first signals of a new bullish phase. This may indicate an increase in large-scale prices. Bulls have been looking into the 3-month chart which has just closed another bullish candle above the ATH made in 2021. This has triggered expectations that the Bitcoin’s price may begin to rally soon. Three-Month Chart’s Positive Technical Signs The focal point of attention is the 3-month candle which is way up and converging consistently above the 2021 ATH. This particular kind of a price pattern gives analysts a clear indication of more prices to be gained in the near future. Now, despite recent fluctuations in other segments of the market, Bitcoin remains above this particular level, which serves as support here. #Bitcoin – God like candle incoming ? 🤔 While many are focused on short-term price action, the 3 month chart looks incredibly bullish. It just closed another 3M candle above the 2021 ATH. Expecting a nice reaction from here and a God like candle soon. pic.twitter.com/3SD66JTgTo — Mags (@thescalpingpro) October 6, 2024 Holding around $61,000, the assistance at the previous ATH maintains its stable support, thus strengthening general faith in the likelihood of a new price hike. And as this support level remains intact, the probability of the Bitcoin moving up starts manifesting itself. Now, price action appears to be pulling back but the vast majority of analysts expect a massive move soon. The Potential for a Massive Bullish Candle Many have speculated over what has been called the ‘God-like candle’, which is a phrase used amongst traders to refer to a bullish candle that pushes prices an awful lot higher. Since the technicals are positive for Bitcoin, some lean into the optimistic view that this next 3-month candle could indeed offer a quicker sharp break to the upside most possibly towards the highs. Read CRYPTONEWSLAND on google news Bitcoin price analysis is confirming a bullish direction for now as bullish momentum gained traction. The market looks poised to continue higher in the near term, and bulls are continuing their push to take BTC toward the next level.The 1-day Bitcoin price analysis shows BTC is in bullish momentum and is attempting to break the $62,349.66 resistance level. However, the long-term technical outlook for the world’s largest digital currency seems more promising or so it seems. The market is near its level that could bring a breakout in future, but there is some level of risk in the market due to frequent fluctuations. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Analysts See a ‘God-Like Candle’ Coming as Bitcoin Closes Above Key ResistanceCrypto firms have spent up to £130 million ($170 million) on sponsorships in the English Premier League (EPL) for the 2024/25 season. The data from sports sponsorship agency SportQuake highlights a growing relationship over the last few years. According to SportQuake , the rise in sponsorship deals between crypto companies and EPL teams marks an attempt by the crypto industry to re-establish a relationship with sports teams and rebuild the sector’s legitimacy among retail customers. This group of users has been more than skeptical after previous bankruptcies that left investors with millions in losses. A look at the chart shows that there has been a massive increase in the value of crypto sponsorships in the EPL over the last five years, going from £13.8 million in the 2020/21 season to £129.7 million in 204/25. However, the number saw a more sizable jump in the 2022/23 season when it rose from £43 million in the previous season before falling to £101.5 million in the 2023/24 season Crypto companies are leading the sponsorships, including centralized exchanges such as Kraken and OKX, which sponsor Tottenham and Manchester City, respectively. Layer-1 blockchain Tezos is equally a sponsor for Manchester United, while digital assets platform Whale Fin is a sleeve sponsor for Chelsea football club. However, crypto companies are not only splashing money on the EPL teams. Kraken is also a sponsor for RB Leipzig in the German Bundesliga and Atletico Madrid in the Spanish La Liga, while Crypto.com is a sponsor for the premier continental competition, the UEFA Champions League, until 2027. See also China's economy will outperform America mainly because its population is bigger Crypto firms are replacing gambling companies as major sponsors The rise in crypto-related sponsorships comes as the EPL organizers try to ease out gambling sponsorships and tighten the rules around acceptable gambling partnerships between EPL clubs and betting companies. There will be a ban on betting sponsors being on the front of club jerseys starting from the end of the 2025/26 season. Since gambling companies account for about 11 of all 20 EPL teams’ matchday shirt sponsors, the ban is expected to have a major financial impact on these sports teams, which need the money. However, it now appears that crypto companies will easily slot in as replacements for the betting sponsors, particularly as the industry continues to gain more legitimacy and mainstream adoption. Crypto companies have already shown that they are open to major sponsorship deals, with many usually focusing on sports such as Formula One, basketball, and gridiron football. However, football offers a cheaper alternative to reach a wider audience and push their brands, making the sport attractive enough for sponsors. Blockchain analytics firm Arkham Intelligence recently signed a 2-year sleeve deal with Turkish club Galatasaray valued at just €1.8 million euros ($2 million). This represents a significantly smaller amount than it would have spent on a similar deal with a Formula One team. Crypto.com’s partnership with Formula One was reportedly worth $100 million in 2021. See also Meme coin Neiro pumps over 50%, hits new ATH Sports teams are extra cautious with crypto companies So far, teams in the EPL appear to have embraced sponsorship deals from crypto companies, focusing simply on providing them with brand awareness without any direct marketing efforts. However, these clubs seem to have some degree of wariness in their dealings with these companies. Industry experts note that most clubs sign deals with crypto companies that require the companies to pay the entire sponsorship upfront, as opposed to spreading payment throughout the lifetime of the deal, as is usually the case with most industries. This is not entirely surprising, given how companies such as FTX had sponsorship deals with sports teams when it collapsed in 2022. In some cases, sports teams have asked for a bank guarantee or letter of credit before even agreeing to such sponsorships. However, these clubs are concerned about more than just the payment. Many also include clauses that allow them to terminate the deal for reputational harm if the company faces a significant issue that affects its image.
Crypto sponsorships in EPL rises to £130 million, signaling industry’s legitimacy effortsTL;DR Mantra (OM) surged over 60% in the past 30 days, hitting an all-time high of $1.50 with analysts predicting a further jump. On-chain metrics suggest continued gains, but the RSI indicates it may be overbought, signaling a possible correction. New Peak for OM Most of the leading cryptocurrencies have experienced severe ups and downs over the past several weeks. Bitcoin (BTC), for instance, fell to $60,000 at the beginning of October and later rebounded to its current $63,000 (per CoinGecko’s data). There are a few digital assets, though, whose prices have gone predominantly up as of late. One evident example is Mantra (OM), which has jumped by over 60% monthly. Earlier today (October 7), it hit a new all-time high of almost $1.50, whereas its market capitalization surpassed $1.2 billion. The token’s achievement caught the eye of multiple industry participants. The popular X user IBCIG claimed OM’s momentum is “truly unstoppable,” expecting a further rally to $2. “With its purpose-driven tokenomics and a robust Layer 1 foundation, it is by far among the best RWA projects in my portfolio,” they added. Daan Crypto Trades and Token Sherpa chipped in, too. The former said OM performed “incredibly strong during all the chaos in the past few weeks/months,” while the latter thinks the new peak is just the beginning of a major bull run. On-Chain Metrics Flash the Buy Signal Over a dozen important metrics suggest that OM’s bull run is nowhere near its end. One of those is the Momentum Indicator (MOM), which measures the asset’s rate of change and compares the current valuation with the price from previous periods. As of the moment, it is set at around 0.2, presenting a potential buying opportunity. The Simple Moving Average (on a 10-day scale), the Exponential Moving Average (on a monthly basis), and the Hull Moving Average also indicate possible gains in the near future. One of the very few metrics hinting at a potential correction is the Relative Strength Index (RSI). The momentum oscillator has surpassed a ratio of 75, entering overbought territory. This suggests that OM might be overvalued, and a pullback could occur.
Mantra (OM) Price Hits a New ATH: Further Rally in the Cards?Meme coin Neiro gained over 50% in the last 24 hours, reaching a new all-time high with its latest rally. According to data from CoinGecko , Neiro surged by over 50% in a day, with its price reaching $0.00146 during the period. The token hit a new all-time high of $0.00149 earlier in the day. Neiro hits $600 million market cap The meme coin is trading in a 24-hour range between $0.0009749 and $0.001494. At press time, it is trading at $0.001439, with a market capitalization of $600 million. A beneficiary of the recent meme coin mania, Neiro has surged by over 1700% in value over the last 30 days. The coin has deleted four zeroes from its all-time low of $0.0000002438, recorded on August 1, 2024. In just two months, Neiro has skyrocketed by 59004.5% from its lowest point. Launched on July 28, 2024, the meme coin draws inspiration from a Shiba Inu dog named Neiro, owned by Atsuko Sato, the former owner of Kabosu. The project positions itself as a community-managed initiative with a focus on charity and the motto “doing only good everyday.” Neiro’s connection with Vitalik Adding to the token’s intrigue was a brief involvement with Ethereum co-founder Vitalik Buterin. On August 3, Neiro announced that Buterin was the largest token holder, possessing 4% of the supply. However, this situation quickly changed as Buterin promptly sold all his tokens. In response to Buterin’s sale, the project posted on X requesting that he donate some of the proceeds to a stray dog shelter. See also PayPal executes first business transaction with its stablecoin Buterin later tweeted , “Charity donation done, covering all animal coins from the past year or so! That said, I appreciate it if coin holdings just get allocated to the charities directly.” Even though altcoins are showing mild price hikes, meme coins are stealing the spotlight with their surges. According to CoinGecko data, the meme coin market cap is up by over 7%. It currently stands at $54 billion, thanks to the surge of cat and dog-themed meme coins. Many coins in the meme category are up by over double to triple digits in the last 24 hours and seven days. SPX6900 (SPX) is the largest gainer with a 62% surge in the top 500 crypto list by CoinMarketCap . Neiro holds second place with its recent pump.
Meme coin Neiro pumps over 50%, hits new ATHAs the cryptocurrency landscape grows and intrigues a global audience, the lure of achieving millionaire status through smart investments is becoming increasingly enticing for many. SHIB , a cryptocurrency that has gained significant traction recently, is now in the spotlight for its potential to offer remarkable returns. How many Shiba Inu should you buy to become a millionaire? SHIB currently costs 0.0000183 US dollars. This means that each SHIB token costs an investor 0.0000183 US dollars. Like all cryptocurrencies, the SHIB price is subject to market dynamics and can fluctuate rapidly. Therefore, monitoring real-time updates is crucial for those looking to invest. The SHIB price has risen recently. New developments could potentially drive prices up further. However, due to the volatility of the crypto market , prices can adjust downwards just as quickly. SHIB ATH price: Shiba Inu peak performance Over the course of its existence, SHIB price has experienced a whole series of price fluctuations. The term "all-time high" price (ATH) refers to the peak that SHIB has reached in terms of value. According to the latest data, SHIB ATH price is $0.0000884, which is the highest price SHIB has reached in its history. How many Shiba Inu do you need to buy to become a millionaire? To determine the amount of SHIB tokens one would need to possess millionaire status, it is important to analyze the gap between its current price and its ATH. The price difference between the ATH and the prevailing price of SHIB is $0.0000884 - $0.0000183 = $0.0000701. To determine the number of SHIB tokens required, we take $1,000,000 and divide it by the price gap: $1,000,000 / $0.0000701 = approximately 14,265,335,236 SHIB. At the current SHIB price of USD 0.0000183, an investor would therefore need to buy around 14.27 billion SHIB tokens to potentially reach the millionaire mark if the price were to reach its ATH again. This would cost you around USD 261.055. Important considerations It is crucial to realize that the above calculation is based on the assumption that the SHIB price will rise to its ATH again. Nevertheless, predicting the price performance of a cryptocurrency is fundamentally uncertain and depends on a variety of factors, including market dynamics, widespread adoption and potential technological improvements.
How many Shiba Inu do you have to buy to become a millionaire?October’s heating up, and the crypto market is already showing signs of life with some big price pumps. For one, Dogwifhat seems to be back to life, while Kaspa is trying hard to erase the losses, and perhaps even poke at that ATH quite soon. But the surprise is Cutoshi (CUTO), a fresh new meme coin that’s mixing fun with serious DeFi tools. Here’s what you need to know about these three tokens and which one is expected to pump the most this October! WIF’s comeback is loud! Dogwifhat is back in the news again, and it’s pretty clear why. In just the last two weeks, WIF jumped another 17% , flexing its muscles even while the rest of the market is still catching its breath. WIF’s fresh gains are down to, mainly, the crowd effect. The charts don’t lie and the RSI tells us one thing: investors are all-in and ready to count their profits. Not to mention, WIF’s community is bubbling, backing it up and hoping for more gains, so WIF may stay in the green zone, at least in the short term. If WIF can break the $3.00 mark, it’s got plenty of room to run. Kaspa is ready for another leap After getting back on Robinhood, KAS price doubled. The KRC-20 mainnet is live, and Kaspa has printed 200% gains this year , with over 90 million transactions processed. Investors are optimistic, especially with Kraken potentially listing KAS. But apart from that, Kaspa hit a rough patch over the last two weeks, dropping 12%, and it’s been struggling to get back on its feet since its July peak of $0.20. Right now, it’s sitting 27% below its all-time high, but with a solid $3.5 million market cap, Kaspa isn’t done yet. With its cool DAG architecture turning heads, the big question is whether it can break past resistance and make a run for $1 in the next bull market. But here is Cutoshi’s unexpected mix, where cute memes meet DeFi power tools Cutoshi’s here to drop a little digital luck, prosperity, and wealth into your crypto portfolio. Cutoshi is all about bringing decentralization, privacy, and financial freedom to the masses, all while giving a respectful nod to the legend himself, Satoshi Nakamoto. The real magic of Cutoshi lies in its multi-chain Decentralized Exchange (DEX), giving you all the DeFi essentials you need, but with a little playful edge. But there are plenty of other features in development. You’ll also find token farming, NFTs, and the Cutoshi Academy, all while the Lucky Cat mascot makes everything even more fun and inviting. It may be early days for Cutoshi, but this is no copycat of SHIB or DOGE. With its creative spin and focus on making DeFi both fun and user-friendly, Cutoshi could be leading the charge into a whole new era. And at a presale price of $0.015, with a fixed supply of 440 million tokens, there’s serious potential for gains. Analysts are already throwing around 100x predictions, but the real fireworks are expected when CUTO officially hits exchanges. WIF, KAS, and CUTO are all riding a wave this October, but if you want something new, Cutoshi’s got that extra spark. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi
Price Pumps This October: WIF, KAS And CUTO Destined For Massive GrowthsAvalanche (AVAX) has been one of the most talked-about cryptocurrencies in recent months. After a period of price drops, it seems AVAX is finally nearing the end of its downward correction. Investors and traders are now closely watching to see if it will make a strong comeback and aim for the $35 mark. But what factors are driving AVAX’s price, and what can we expect in the near future? In this Avalanche price prediction article, we’ll explore the current state of AVAX, its potential growth, and what could happen next in its price journey. How has the Avalanche (AVAX) Price Moved Recently? AVAX/USD Daily chart- TradingView Avalanche (AVAX) is currently priced at $25.90 , with a 24-hour trading volume of $611.20 million. Its market capitalization stands at $10.52 billion, giving it a market dominance of 0.49%. Over the past 24 hours, AVAX has seen a price increase of 3.70%. The highest value AVAX ever reached was $146.18 on November 21, 2021. Conversely, its lowest value was $2.79 on December 23, 2020. Since hitting that all-time high (ATH), the lowest AVAX price recorded was $8.69 (cycle low), and the highest point since that low was $65.26 (cycle high). Currently, the sentiment for AVAX's price outlook is neutral, with the Fear & Greed Index also reflecting a neutral stance at 49. At present, there are 406.05 million AVAX tokens in circulation, out of a maximum supply of 715.75 million. The yearly supply inflation rate is 14.63%, resulting in the creation of 51.81 million AVAX over the last year. Why is Avalanche (AVAX) Price UP? AVAX/USD 1 Min chart- TradingView Avalanche (AVAX) is experiencing a positive price movement, driven largely by key support levels and heightened activity from large investors, known as "whales." Recently, AVAX has reached its 50-day Simple Moving Average (SMA) of $24.66, which acts as a near-term support, indicating potential bullish momentum. Should the price break above the 20-day Exponential Moving Average (EMA) at $26.42, it would serve as a catalyst for further upward movement, possibly pushing AVAX into the $32 to $33 range. If bulls manage to sustain this momentum, a surge toward the $35 level could be on the horizon, as traders capitalize on this rally. The increased interest from large investors is evident, as whale transactions have surged by approximately 98%, amounting to $226.19 million in AVAX within a 24-hour period. This heightened activity among large holders suggests confidence in the token’s potential, even as retail investors maintain a cautious stance. The discrepancy between whale activity and the number of active addresses indicates that while large investors are positioning for a price shift, smaller participants are waiting for more definitive market signals before joining the trend. This cautious approach from retail traders could be a reflection of current market volatility, where they may prefer to see stronger confirmation before committing to AVAX. On the technical side, a failure to maintain support above the 50-day SMA could shift momentum back to the bears, potentially driving the price down to around $19.50, where strong buying interest is anticipated. However, data from Coinglass highlights a bullish perspective, with nearly $23 million worth of AVAX exposed to liquidation risks if the price reaches $31. This indicates a significant bet on short-term upward price movement, reinforcing positive sentiment among traders who expect AVAX to perform well in the near future. Overall, AVAX is in a pivotal position. The convergence of whale activity, market sentiment, and technical indicators suggests a potential for a rally if the price breaks key resistance levels. However, the market's response in the coming days, particularly from retail investors and the ability to hold key support, will be crucial in determining whether AVAX can sustain its upward trend or face downward pressure. How high can Avalanche (AVAX) Price go? Avalanche (AVAX) has demonstrated strong performance over the past year, with a price increase of 151%, outperforming 71% of the top 100 crypto assets, as well as major players like Bitcoin and Ethereum. This solid performance is indicative of growing market confidence in AVAX, as it consistently outpaces much of the market. The token is currently trading above its 200-day Simple Moving Average (SMA), which is a key bullish indicator often pointing to sustained upward momentum. With 17 green days in the last 30 days, AVAX's price movement has been predominantly positive, further bolstered by its high liquidity, which provides stability against extreme market fluctuations. However, AVAX remains 82% below its all-time high of $146.18, suggesting there is significant room for growth if the market continues its upward trend. The recent whale activity and increased trading volume hint at growing investor interest, and if this trend continues, AVAX could aim to break its $35 target in the near term. A break above this level would likely attract more traders and potentially open up the path to higher targets around $50 or more in the medium to long term, provided market conditions remain favorable. Despite these bullish signs, there are potential limiting factors to consider. The yearly inflation rate of 14.63% means a continuous increase in AVAX supply, which could exert downward pressure if demand does not keep pace. Additionally, AVAX appears to be overbought at the moment, suggesting a correction may be on the horizon. While this does not necessarily negate the overall bullish outlook, it could mean that before any significant upward movement, AVAX might experience a pullback, allowing the market to stabilize. In essence, AVAX is well-positioned to climb higher, especially if current trends of whale accumulation, positive sentiment, and technical indicators hold steady. Breaking past the $35 resistance is crucial for any substantial rally, and should the market align in favor of AVAX, targets around $50 or even higher are achievable. However, market participants should watch for potential overbought signals and be prepared for periods of correction as AVAX navigates its path toward these higher price levels.
Avalanche (AVAX) Price Prediction: AVAX Price Eyeing $35?Bitcoin has been in a downtrend since its ATH in March. While the declines have been wearing on investors, 10x Research founder Markus Thielen explained the real reasons behind the declines. At this point, Thielen said that whale sales and token unlocks are behind the Bitcoin correction. What are the Reasons Behind the Bitcoin Correction? 10x Research founder Markus Thielen said in a recent report that since March, the Bitcoin price has been facing corrections due to large whale sales and massive token unlocks. Thielen noted that whale sales and token unlocks have broken and offset the bullish trend from stablecoins, spot Bitcoin ETFs, and futures leverage. “While early token holders and big whales’ sell-offs have pressured the Bitcoin price since March, strong inflows from tablecoins, spot Bitcoin ETFs, and increased futures leverage have prevented further sharp price declines. While this is unfortunate, the outlook for Bitcoin remains positive.” What Events Could Have a Major Impact on Bitcoin? Stating that he expects big movements in Bitcoin within 6 to 12 months, Thielen explained the events that could have a big impact on BTC. “An increase in US economic growth is expected to have a significant impact on Bitcoin in the next 6 to 12 months as the Fed continues to cut interest rates due to low inflation and US corporate profits remain strong.” *This is not investment advice.
Analyst Reveals Real Reason for Bitcoin's Continuous Decline Since March! Lists Major Events That Will Affect BTC!POPCAT price trades at $1.25, gaining over 24% in the last 24 hours. POPCAT topped the 24-hour gainers list, after hitting ATH. The overall crypto market is recovering from the recent dips; amid this, the cat-themed meme coin, Popcat (POPCAT), has reached its new all-time high (ATH) at $1.26. Along with the asset’s market cap surpassed $1 billion. Popcat’s price has maintained upward momentum throughout the past month till date. Over the past 24 hours, the POPCAT price has surged and spotted on top of the gainers in the market. Over the last 24 hours, the POPCAT price recorded a notable gain of 24.22%. The asset opened the day by trading at $0.99, and the intra-day high was recorded at $1.16. At the time of writing, the asset traded at $1.25 with its daily trading volume increasing by 37.40% to $187 million, as per CMC data . In addition, analysts predict that the steady and rapid increase in the asset’s price suggests the possibility of targeting higher levels. POPCAT is primed for a breakout within days, with all cat-related tokens anticipated to surge. Cats are up to catch up with the dog-themed tokens, making them a strong accumulation target. Will the Bullish Surge Of POPCAT Prevail? The upside price action of POPCAT has continued over the past month and week. In the last thirty days, the asset gained over 115%. However, the strong bullish sentiment has been reflected on its weekly chart, which displayed a 34.70% increase. The past week started trading at $0.9242, and as days progressed, it climbed to a high of $1.06. The asset’s four-hour technical chart suggests that POPCAT is in the bullish sentiment. The short-term 9-day and the long-term 21-day moving averages are found below the current price momentum at $1.10 and $1.03, respectively. Moreover, the asset is approaching the overbought zone in the market, as the daily relative strength index (RSI) is currently sitting at 68.95. POPCAT price chart (Source: TradingView ) If the uptrend of POPCAT continues, it could potentially test the nearby resistance level at $1.37. Moreover, the asset can further push the price upward to set new all-time highs. On the other hand, if the price momentum reverses in the upcoming days, the price could retrace down to $1.09 or even low from the current levels. Highlighted Crypto News Is Ethereum Poised to Lead a Bullish Rebound Amid Market Challenges?
Is POPCAT Leading Cat Coin Rally Hitting New ATH?The rivalry between Dogecoin and Shiba Inu heats up as each vies for a record high. Both have passionate backers eager for a win. However, a new altcoin on the horizon might outshine them both and turn early investors into millionaires. This article delves into which cryptos are primed for growth. 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% Dogecoin: The Fun Coin with Serious Community Power Dogecoin started as a playful alternative, taking the Shiba Inu meme and turning it into a cryptocurrency icon. Its design makes it abundant, with 10,000 new coins every minute. Initially seen as a “memecoin,” Dogecoin’s popularity soared and it achieved a massive market cap. This rise was largely due to the community and social media buzz, especially from figures like Elon Musk. Created by Billy Marcus and Jackson Palmer, Dogecoin’s journey from a “joke” to a major cryptocurrency highlights its staying power. Its community and social influence show its potential beyond a simple meme. Shiba Inu: A Memecoin with Expanding Potential on Ethereum Shiba Inu (SHIB) is a cryptocurrency inspired by Dogecoin but with unique traits. It operates on the Ethereum blockchain, benefiting from its widespread network and applications. Created by an anonymous developer called Ryoshi, SHIB started with a massive token supply, half of which was sent to Ethereum’s co-creator, Vitalik Buterin, to build trust. Buterin’s actions included donating and burning tokens, which gained attention for SHIB. Unlike Dogecoin, SHIB leverages its Ethereum roots to support projects like ShibaSwap, a decentralized exchange. There’s also potential for an NFT platform and a governance system, hinting at more possible uses within the ever-evolving crypto landscape. Conclusion DOGE and SHIB show less potential for short-term gains. The focus now shifts to CYBRO, a new DeFi platform with advanced technology. It offers AI-powered yield aggregation on the Blast blockchain. Features include lucrative staking rewards, exclusive airdrops, and cashback on purchases. Investors can expect a seamless experience with easy deposits and withdrawals. CYBRO prioritizes transparency and compliance. Strong interest from crypto whales and influencers makes it a promising project for maximizing earnings. Site: https://cybro.io Twitter: https://twitter.com/Cybro_io Discord: https://discord.gg/xFMGDQPhrB Telegram: https://t.me/cybro_io
DOGE Vs SHIB: Battle for a New ATH; This New Altcoin Could Be the Millionaire MakerA widely followed crypto analyst says that Bitcoin ( BTC ) is gearing up to reach a new all-time high (ATH) if it can break above one crucial resistance zone. In a new strategy session, pseudonymous crypto trader Inmortal tells his 216,300 subscribers on the social media platform X that if the top crypto asset by market cap were to break above the $64,000 price tag, it would skyrocket to a new all-time high. “Breakout above $64,000 = New ATH.” Source: Inmortal/X The trader goes on to say that the flagship digital asset’s latest crash, which saw it drop from about $66,000 to $60,000 from September 29th to October 2nd, “feels” like it’s forming a local bottom. He then notes that he’s only interested in going long on BTC in two spots: around the $60,000 level if BTC displays a swing failure pattern (SFP) – a reversal indicator where an asset’s price briefly surpasses prior highs or lows – or if it finds acceptance above $63,000. Source: Inmortal/X However, Kaleo, another closely followed crypto analyst, says he believes the crypto king will dip to around the $57,000 or $58,000 price tag before ultimately reversing course. He says that BTC will grind higher during the next month until the presidential election is finished, then it will “full send.” “Bitcoin. Still looking like a quick little chop to $57,000 or $58,000, followed by a grind higher the rest of the month into a full send post election.” Source: Kaleo/X According to Kaleo, even though BTC could lower, traders shouldn’t let that stop them from accumulating during this dip. Bitcoin is trading for $61,948 at time of writing, a 2.1% increase during the last 24 hours. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Featured Image: Shutterstock/80’s Child
Bitcoin Primed To Hit New All-Time High if BTC Breaks Above This Resistance Level, According to Crypto AnalystDelivery scenarios