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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.
Polygon’s (POL) re-brand struggles to gain traction, while Ethereum fails to retest its previous all-time high. However, Lunex Network continues to impress, standing out with its innovative features and investor appeal. As established cryptos face setbacks, Lunex Network’s momentum shows no signs of slowing. Lunex Network’s 1800% price projections positions it as a rising star. Polygon (POL) Recovers After Recent Rebrand Polygon’s rebranded token, POL, is on a positive trend. POL currently trades at $0.431 with a market cap of $3.1 billion. Additionally, Polygon’s trading volume surged to $121 million. The recent transition from MATIC to POL has created positive momentum for Polygon. This excitement grew when Binance made a crucial announcement this month. Binance revealed that POL would be included in various products such as Earn, Buy Crypto, Convert, Margin, and Futures. Polygon experienced a nearly 15% price increase as the exchange listed it. Before Binance’s announcement, Polygon struggled to break the $0.39 resistance level. POL had lingered between $0.38 and $0.35 since early September, close to its all-time low of $0.345. However, the recent listing news prompted a 17.3% price increase. This surge pushed Polygon above the $0.44 zone. Can Ethereum (ETH) Bounce Back? Ethereum recently reclaimed the $2,600 level after a rally following months of stagnant price action. However, Ethereum is largely flat on the monthly time frame and is down over 0.3% this month. Ethereum has climbed back to 14% to reclaim its previous levels after it had slipped lower against the ETH/BTC pair. This recovery has given many Ethereum bulls the desired hope of a higher climb which might take ETH to the $4,000 mark and even beyond. Ethereum is closely being monitored to indicate whether it can perform a bullish run in the subsequent weeks. Lunex Network (LNEX) Offers More DeFi Features As Investors Pile In Lunex Network allows users to trade cryptocurrencies across multiple blockchains instantly with no personal information or wallet connections required. Lunex Network offers users ultra-low fees to make crypto trading more accessible to a broader audience. Lunex Network provides a robust portfolio tracker and an advanced subscription service called Lunex Pro to support asset management. This premium service offers features like AML wallet checks, cashback on every transaction, and additional tools tailored for serious investors. Lunex Network also stands out to institutional investors through its interoperable blockchain bridge. This innovative feature enables businesses to accept cryptocurrency payments, which are instantly converted using the Lunex B2B payment gateway. This approach not only fosters widespread adoption of cryptocurrencies but also broadens Lunex Network’s global reach. Lunex Network offers a revenue-sharing model for token holders. By holding $LNEX tokens, investors can earn up to 18% APY in passive income. With a presale price of $0.0012 and an expected 18x return before launch, investors are rushing to add $LNEX to their portfolios. As momentum builds, now is the perfect time for investors to get involved before the price surges further. You can find more information about Lunex Network (LNEX) here: Website: https://lunexnetwork.com Socials: https://linktr.ee/lunexnetwork
Polygon Fails To Capitalize On (POL) Re-Brand – Ethereum Fails To Test Previous ATH – Lunex Network Fails To Disappoint!With the crypto market showing signs of a bullish season, more rallies could be up ahead as FTX is set to begin distributing $16B to its creditors next week. With most of the liquidity coming back to altcoins, Nervos Network, which has surged by over 500% in the YTD price metric, could be set to retest its ATH once again. In the same vein, Cutoshi , a new crypto platform that combines the fun of a meme coin with DeFi, has continued to draw the attention of Nervos Network whales who have joined the project to triple their profits. Backed by a limited supply of 440M tokens, CUTO has become one of the investors’ favorite tokens ahead of the upcoming altcoin season. Whales Move in Drove to Cutoshi Ahead of the Altcoin Season With the altcoin season drawing closer, Cutoshi has become a talking point with some analysts rating it as the next 100x meme coin. The project, which is drawing inspiration from the Chinese Lucky Cat and the Teachings of Satoshi Nakamoto, is developing an ecosystem that gives control and decision-making powers to token holders. According to the crypto ICO white paper, Cutoshi is a tribute to decentralized finance, embodying the values of decentralization, monetary freedom, and privacy. Going forward, Cutoshi is more than a meme coin. At the core of the project is a decentralized exchange that ensures the privacy and security of investors’ assets. Another thing that can be found in the ecosystem is Cutoshi Academy, which will help shape the project’s future and bring DeFi closer to the masses. There is also Cutoshi farming, in which investors are rewarded for completing quests and other community activities. It is a great avenue to earn in the ecosystem. The native currency of the ecosystem is CUTO. Outside being used for all transactions in the ecosystem, it is a deflationary token with a buy-and-burn mechanism. Investors can buy it for $0.015 at the ongoing presale. Some analysts believe it will rival established meme coins such as Dogecoin and Bonk in the coming months. Nervos Network Continues To Make Giant Strides After Upbit Listing Nervos Network (CKB), the open-source, public block that allows individuals to access secure blockchain services, has experienced a strong rally in the past few weeks, reaching the $0.015 mark for the first time since June 11. This rally, which is attributed to its recent listing on South Korea’s Upbit, has seen the Nervos Network market cap move from $363M in early September to over $740M. However, recent data suggest the market rally may be losing steam with the 7% drop in price value in the past week and the declining market activity. Meanwhile, tradingview data shows Nervos Network price is still trading above its 50-day and 200-day SMA and could be set to retest the $0.019 price point that it tested in early June. While the CKB price trajectory shows optimism, the Nervos Network ecosystem has continued to witness growth having launched the CKB Fiber Network Protocol testnet full version in the past week. With the new features, the platform will offer fast, low cost decentralized multi token payments. Backed by a growing ecosystem, CKB price might surpass the $0.020 mark in Q4. Which Cryptos To Buy Ahead of Q4? A recent analysis by Ali Martinez suggests that the altcoins market cap is about to breakout which could lead to a bullish market. This signals growing investors’ confidence in altcoins such as Cutoshi and Nervos Network. While Cutoshi is still in the early stages, experts think this could be the best time to join the project. 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
Nervos Network (CKB) Whales Join Cutoshi (CUTO) Presale To Triple Their ProfitsDogwifhat has shown impressive price momentum, surging 34% in the past week and currently trading at $2.30. This remarkable achievement positions $WIF as the fourth largest meme coin in the market. Many market analysts are speculating that it may be on the verge of breaking through key short-term resistance levels, opening the door for potential gains. Investors are closely monitoring whether this upward trend will result in a new all-time high (ATH). Cryptocurrencies prices have declined significantly since the conclusion of Q2 2024. However, following several months of inactivity, the market is anticipated to experience resurgence. With the Federal Reserve cutting interest rates last week, investors are regaining confidence in their financial decisions. Bitcoin (BTC) reacted favorably to the news of nearing the $66,000 mark, gaining 3.84% over the last week. The total crypto market cap has increased from $2.06 trillion to $2.3 trillion, reflecting an approximate rise of 11.65%. Many altcoins have experienced even more substantial gains during this time. $WIF Crypto Price Prediction The meme coin market cap has surged 5.1% in the last 24 hours, surpassing $55 billion and returning to levels seen before the August crash. Although established tokens like $DOGE and $SHIB still lead in market cap, Solana-based meme coins have excelled in 30-day performance, with $WIF delivering a 41% monthly return on investment (ROI). As of now, Dogwifhat is priced at $2.30, with a 24-hour trading volume of $1.55 billion and a market cap of $2.30 billion. Over the past 24 hours, $WIF has seen a -2.11% decline. Should the bullish momentum persist, $WIF may test resistance levels at $2.55 and $2.85. However, if the trend shifts downward, the price could drop to support levels around $1.61 and $1.34. Dogwifhat’s 14-day relative strength index (RSI) stands at 73.58, signaling that $WIF is currently undervalued. Check out the video above for an in-depth price prediction analysis of Dogwifhat, and subscribe to his YouTube channel . You can also join Jacob Crypto Bury’s Discord group for trading insights and the latest updates on upcoming crypto presales . Conclusion The upcoming altcoin season could play a pivotal role in current market, as many analysts anticipate a bullish shift in the market, particularly for Bitcoin. As the Bitcoin halving cycle indicates historical price rallies, the atmosphere is ripe for Dogwifhat and similar coins to gain traction. Analysts emphasize the importance of selecting fundamentally sound projects, steering clear of those plagued by excessive token printing that could dilute value. Coins like Dogwifhat, highlighted as favorable options for investors seeking opportunities in the current market landscape. The sentiment is that strategic positioning in these altcoins could yield positive returns as the market begins to shift. Related Dogwifhat Price Prediction: WIF Soars 29% In A Week, But Experts Say Consider This Meme Coin Rival For Parabolic Gains Dogwifhat Price Prediction: WIF Surges 15%, But Experts Say This Meme Coin Casino Token Could 10X Dogwifhat Price Prediction: WIF Tops Gainers With 12% Pump, But Traders Pivot To This Latest Meme Coin With A 953% APY Next Cryptocurrency to Explode, September 20 — Solar, Jupiter, dogwifhat, Altlayer
Dogwifhat Climbs 32% in a Week – Will $WIF Reach New ATH Soon?Bitcoin price pumps towards next $66,000 target rippling bullish sentiment across market. The crypto market sees this momentum reflecting in many other altcoin price charts. Realio Network’s RIO is ready for a massive bullish surge as chart patterns indicate. Bitcoin price is almost at $66,000 and many altcoins have already begun to follow its upward momentum. With bullish price chart indicators prevailing on almost every altcoin alongside Bitcoin (BTC), the promise of a glorious green bullish Q4 seems closer than ever for the crypto market. Specifically, altcoins like JasmyCoin (JASMY) FET, SHIB, DOGE, SUI, VET and many other popular altcoins have already begun to amass gains of over 10% in under a day. Presently, one altcoin seems to be taking the lead for RWA tokens. This asset is Realio Network’s RIO. The asset set an ATH of $5.12 about 4 years ago. RIO Rises as Possible 10x Altcoin Analysts expect RIO to hit a higher ATH of $10 or above this bull cycle. Presently, according to CoinMarketCap analytics, the price of RIO is $1.35 meaning the altcoin is up by over 6% is the last day and over 22% over the last week. It also boasts a total market cap of $8,864,900 and a 24-hour trading volume of $8,443,240. 👑 $RIO – @realio_network – The KING of RWA👑 LONG TERM BULLISH OUTLOOK In the coming months we'll likely see a similar type of crazy run as $RIO had back in January 2023 & October 2023! I'd say a $10-20 $RIO is a reasonable target range for a potential Bull Run top. This… pic.twitter.com/AZcYfhtBiN — ParabolicPump (@ParabolicPump) September 27, 2024 RIO Price Could Pump Between $10 – $20 ATH According to this RIO enthusiast, the altcoin can easily set an ATH between $10-$20 this bull cycle. He believes these gains are very much a high possibility as RIO is still sitting below a total market cap of $100 million. Earlier this year, the asset almost pulled a 10x before heading back to a correction phase. $RIO is getting ready for a massive break! $10 confirmed! pic.twitter.com/Fv20tSkTog Read CRYPTONEWSLAND on google news — Dami-Defi (@DamiDefi) September 26, 2024 Meanwhile, another RIO enthusiast shares the altcoins price chart and the formation of a massive invested head and shoulders bullish pattern. This once again supports RIO’s bullish trajectory towards setting a new ATH of $10 or above in the coming bull run phase of the ongoing 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.
$10 – $20 RIO ATH Price Possibility Comes Into Play as Bullish Inverted Head and Shoulders Pattern FormsBitcoin (BTC) prepares to hit the next trend high of $66,000 rallying bullish sentiment. The pioneer crypto asset makes its way to break through the next crucial target of $68,000. If this breakthrough occurs, the price of BTC could set an ATH of $88,000 to $90,000. Bitcoin price holds strong over the $65,000 price target and is moving bullishly towards the $66,000 price mark. Analysts expect the price of Bitcoin to surpass $80,000 soon and believe the pioneer crypto asses even has the chance to set a new ATH of $100,000 before the US Presidential elections in 6 weeks. Bitcoin (BTC) Prepares to Breakthrough $68,000 Target To hit these bullish high targets, Bitcoin (BTC) must first breakthrough its next crucial resistance level which is $68,000. According to the post below, one BTC analysts says the BTC bulls have taken over and the time to test this resistance level will arrive sooner than expected. $BTC bulls are Currently in full Control! Bitcoin is approaching a 68k Crucial Resistance level. – If the Bulls successfully reclaim this area and Broadening Wedge breaks to the upside, Bitcoin could Potentially reach the 88–90k by the end of December. – In the Worst case, if… pic.twitter.com/ijlrhNrhkQ — Captain Faibik 🐺 (@CryptoFaibik) September 28, 2024 A Breakthrough Could Set the Next BTC ATH Target Moreover, the analyst goes on to share a bullish and bearish case for Bitcoin in the coming days. He says if the bulls successfully reclaim this level and the broadening wedge breaks to the upside, then Bitcoin could potentially reach the $88,000 to $90,000 price high by the end of December. #Bitcoin Massive Rally Incoming? 🚀 A bullish engulfing candle is forming on the monthly timeframe. Previous occurrences have led to massive rallies for #BTC . 3 days left before the monthly close. 👀 pic.twitter.com/zAB06fnzUG Read CRYPTONEWSLAND on google news — Titan of Crypto (@Washigorira) September 27, 2024 However, in the worst-case scenario if bulls fail to recover this then BTC price could drop to $57,000. Despite this possibility, sentiment for a bullish Q4 is higher than ever as another analyst shares the high probability of a bullish engulfing candle forming on the monthly time frame for BTC pointing to massive rallies ahead. All in all, it seems a bull market flip is in play and major pumps are ahead. 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.
$66,000 BTC Price Nears as Bulls Take Full Control, Bitcoin Races Towards Next $68,000 Crucial Resistance LevelAnalysts convene over the future of XRP and the altcoin’s new ATH that could arrive soon. One analyst believes an 888.88% price pump could take XRP price to $27 – $31. Another analyst expects monumental pumps for XRP in the coming months. As Bitcoin nears the $66,000 price target and makes its way towards breaking through its next crucial resistance level of $68,000, sentiment for a new ATH target in the coming weeks grows closer. More excitingly, altseason seems to be on the horizon as more and more altcoin price charts mirror BTC bullish lead. In detail, many altcoin price charts have shared multiple bullish chart formations from inverted head and shoulders patterns, golden crosses, bullish pattern breakouts , and many more. Some altcoins like FET, VET, RIO, SHIB, DOGE, JASMY, and many other assets are already pumping. Impressive 888.888% Price Pump for XRP #XRP 888.88% – The Secret Behind the 8's ♾: Check out the chart below 📊 — it’s presenting a crucial pattern showing #XRP is echoing the chart behavior from 2017! 🌟 Back then, the Red Ascending Support Line was tapped 4 times before sparking the legendary 2017 #BullRun . 🐂… pic.twitter.com/dXPeZisHmA — EGRAG CRYPTO (@egragcrypto) September 27, 2024 One altcoin preparing for a massive rally is Ripple’s XRP . One analyst shares a very unique observation in the XRP price chart which could lead to a phenomenal 888.88% price pump. As we can see from the post above, this analyst believes XRP is setting up a similar price chart to that of 2017 when XRP pumped parabolically. $27 – $31 ATH Expected for XRP Price He expects XRP to hit a new ATH of $27 and $31 which would be a pump of 888.88% from the asset’s previous ATH of $3.84, according to CoinMarketCap analytics. In 2017, XRP pumped by 4,500%. The analyst highlights the next major target zones for XRP which are $6.5 and $31 charting big potential for the future of XRP. Read CRYPTONEWSLAND on google news #XRP : THEY’RE TRYING TO KEEP THIS FROM YOU !! pic.twitter.com/RI9OIzGVcL — STEPH IS CRYPTO (@Steph_iscrypto) September 27, 2024 Similarly, another popular analyst shares his thoughts on how high XRP could go. He highlights BTC price action and how it will positively influence XRP’s pump . Despite differing targets, both analysts are certain about XRP making massive moves in price for the coming months. 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.
888.88% Price Pump to $27 – $31 XRP ATH Price Target Grows Closer as Analyst Breakdown Unique PossibilitySHIB has broken out of a consolidation phase, nearing the resistance level at 0.00002004. Technical indicators show bullish momentum, including a positive MACD crossover and above the 50-day EMA. A successful breakout could drive SHIB toward 0.00002813, while a rejection may see it fall back to 0.00001472. Shiba Inu is seen to have an outstanding increase in price during the week, making its market movements highly discussed. The cryptocurrency is approaching a vital resistance level, which may define its future course of action. Price Action and Breakout In a recent post by SHIB KNIGHT, he addressed his 443K followers in X Space that SHIB is nearing critical resistance with the possibility of recording a new ATH. SHIB has been trading within a defined range for many months, within which 0.00001472 has provided robust support. Recently, the price has broken out of its consolidation phase to climb toward the 0.00002004 resistance zone. $SHIB is ready for a New ATH! 👀 pic.twitter.com/BdXdsCQS4P — $SHIB KNIGHT (@army_shiba) September 26, 2024 The resistance zone has been tested a couple of times, and attempts to break higher previously did not go through. Historical data from early 2024 shows a sharp drop from 0.00003717, forming the current resistance range from 0.00002004 to 0.00002300. Source: Trading View Technical Indicators: EMA, MACD SHIB is currently above its 50-day EMA. That condition tends to be seen as one in which the market is in an uptrend. Furthermore, the MACD indicator has also provided a bullish crossover as the MACD line crossed above the signal line, an indication that momentum was on the rise. This crossover gets further validation with rising histogram bars that indicate increased buying interest as SHIB approaches resistance. Read CRYPTONEWSLAND on google news Resistance and Support Analysis This was tested repeatedly for several months and already has given a solid base to the buyers; on the other side, for this memorandum, the 0.00002004 resistance level has been regarded as a crucial bar. The successful breakou t above this level can drive SHIB into the resistance zone at 0.00002813, whereas the inability to break correctly through this resistance might lead to the pullback at 0.00001472 support level. Outlook of the Market and Trading Volume Their moves are closely followed by the market participants, especially now that the price is closing in on the 0.00002004 resistance. A high-volume breakout will indicate further upside momentum, while rejection here sends the price back into local support. Since technical indicators, together with main price levels, point to the same conclusion, the market direction for SHIB depends on the result of the test of resistance. At the time of writing, SHIB is trading at 0.00001901, marking 16.8% in the last 24 hours and lying just below resistance. Its price action in the next few days will be particularly crucial to the coin. 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.
SHIB Breaks Consolidation Phase, Eyes Resistance at 0.00002004Analyst Markus Thielen from 10x Research forecasts a sharp rise in Bitcoin’s price to $70,000 imminently. He asserts that Bitcoin could reach a new all-time high by the end of October. Thielen attributes this potential surge to increased stablecoin liquidity and China’s recent stimulus measures. Expert predictions indicate Bitcoin could hit unprecedented heights, driven by market liquidity and macroeconomic factors. Bitcoin Price Set for Major Upswing to $70,000 In his latest market update, Markus Thielen of 10x Research has projected that Bitcoin’s price is likely to surge to $70,000 within two weeks. This forecast follows Bitcoin’s successful breakout above the $65,000 level, signaling a departure from its prior downtrend. Thielen emphasizes that this momentum could propel Bitcoin beyond its current all-time high of $73,000 by the end of October. The Role of Stablecoin Liquidity Thielen’s analysis highlights a significant rise in stablecoin minting, particularly from major issuers like Tether and Circle. Since late July, approximately $10 billion in stablecoins have been minted, with Circle accounting for 40% of these new stablecoin inflows. This influx reflects growing institutional involvement in the crypto market, suggesting that large-scale investors are preparing for substantial movements in Bitcoin’s price. China’s Economic Policies as a Catalyst The report also delves into the impact of China’s monetary easing policies. China’s recent $278 billion stimulus plan could lead to substantial capital outflows into the cryptocurrency market. Historically, China’s involvement in the Bitcoin market has been notable, with the majority of currently mined Bitcoins originating from Chinese pools. Thielen contends that the country’s economic stimulus measures could significantly drive Bitcoin’s price upwards, leveraging past trends where Chinese financial maneuvers influenced crypto market dynamics. Potential Market Influencers: Donald Trump and Global Economic Policies Furthermore, Thielen speculates that political developments, such as the potential reelection of Donald Trump, might further influence the Bitcoin market. Trump could advocate for aggressive economic stimulation, potentially pressuring the Federal Reserve to lower interest rates, thereby increasing liquidity in the market. This scenario could extend the Bitcoin rally well into the next year. Implications of Fed Rate Decisions on Crypto Market Dynamics Despite the bullish outlook on Bitcoin, Thielen notes a potential downside risk: the cryptocurrency’s market dominance. Post the recent Federal Reserve’s 50 basis points rate cut, Bitcoin’s dominance has slightly decreased, with increased activity in altcoins like Ethereum, where gas fees have surged. This shift suggests that if the Fed continues to signal readiness for additional rate cuts, the trend of decreasing Bitcoin dominance in favor of altcoins could persist. Conclusion In summary, Bitcoin’s anticipated rise to $70,000 and potential new ATH are backed by strong indicators such as increased stablecoin liquidity and China’s economic stimulus. However, investors should remain cautious of market dynamics, including the impact of Fed rate decisions and shifting dominance within the crypto ecosystem. The projections paint a promising picture, but the market’s inherent volatility warrants a measured approach. In Case You Missed It: Ethereum Outperforms Bitcoin Amid Market Dynamics Shift Post Fed Rate Cut
Bitcoin Rally Prediction: BTC Set to Hit $70,000 and New ATH by Late October, Says Markus ThielenThe market is on fire, and there are talks of another 50 basis points rate cut by the Federal Reserve. A soft Core PCE index reading has everyone betting on it. The Core PCE, which the Fed loves to look at, came in at 2.6% year-over-year, slightly lower than the 2.7% forecast. So right now, the odds are split—53% for a 50 bps, and 47% for a smaller 25 bps cut. The Dow Jones surged, climbing 137.89 points, and setting a new all-time high. Stimulus from China’s central bank PBoC has also given stock markets a much-needed jolt, helping risk assets rally even harder. The pressure on markets Political developments in Japan are other reasons too. Shigeru Ishiba, who’s known for being critical of the Bank of Japan’s super loose monetary policies, is likely to become the next prime minister. With him in charge, many expect Japan’s central bank to permanently abandon its low-interest-rate policy. Back in the U.S., everyone’s got their eyes on the next round of labor market data. We’re talking about the JOLTs report, the ADP payroll numbers, and the unemployment rate. If these reports come in strong, it’ll give the Fed even more reason to deliver that 50 bps cut in November, and we could see crypto soaring even higher. See also Telegram bot Banana Gun promises to reimburse victims after a $3 million hack Chairman Jay Powell has already hinted that the Fed will do what it takes to keep the labor market strong while getting inflation under control. He’s sticking to that 2% inflation target, but it’s been a tough ride after inflation hit levels we haven’t seen in years. Despite Powell’s efforts, the recent rate cut faced harsh criticism from Republican presidential nominee Donald Trump, who’s been blaming the Biden administration for the inflation surge. Meanwhile, Biden is trying to flip the script, pointing to Friday’s numbers and saying they show we’re heading back to pre-pandemic levels. The University of Michigan’s consumer sentiment index hit its highest level since April, coming in at 70.1 for the month. That’s a somewhat solid sign that Americans are starting to feel a little better about where things are headed. St. Louis Fed president Alberto Musalem said he wants the Fed to ease into these rate cuts more gradually. He was one of the officials backing a slower approach, penciling in more than one quarter-point cut for the rest of the year. He’s worried that the economy could overheat if the Fed moves too fast. “It’s about easing off the brake,” Musalem said. Meanwhile, Bitcoin ETFs saw massive inflows throughout the week, closing Friday with $494.4 million. See also Bitcoin's climb to $70k could trigger $1.6 billion in short liquidations Ether’s might’ve been slow at first, but they’re catching up, closing the week with $58.7 million in inflows. Bitcoin has reclaimed the $66k mark, while Ethereum is holding steady around $2.7k. Implied volatility for ETH has jumped by 8%, which shows that the market is still far from stable. But for now, ETH/BTC remains solid above the 0.04 mark.
Markets bet on another 50bps Fed cut as PCE softens; DOW makes new ATHBitcoin’s correlation with Wall Street has been climbing for the past several months and, earlier this week, hit a multi-year peak. This comes at an intriguing time since a few of the largest and most prominent US stock market indexes charted new all-time highs this week. BTC-Wall Street Correction Rises The Fed’s interest rate cut from last week didn’t impact positively just crypto as Wall Street headed north as well. Additionally, the Friday US macro data shows that inflation has slowed to 2.2% from August last year. This came from the Personal Consumption Expenditures Price Index, which some people believe is a more accurate inflation gauge for individuals. The Dow Jones Industrial Average reacted immediately with an increase from 41,921 to 42,616 to register a new all-time high. Despite retracing slightly by the trading day’s end, the Dow was still slightly in the green. The S&P 500’s performance was similar, as it pumped from 5,722 to over 5,760 to paint a new ATH of its own before correcting to 5,738 at closing bells. The Nasdaq Composite failed to break its ATH marked in July and even finished the day with a minor retracement. At the same time, BTC’s price surged past $66,500 on Friday for the first time in two months. According to IntoTheBlock data, these developments increased the positive correlation between Wall Street and bitcoin, pushing the metric to a two-year high. When BTC New ATH? CryptoPotato reported recently that bitcoin’s correlation with gold had also increased to a multi-month peak. The yellow metal’s price has been on a roll as well in 2024, charting fresh peaks frequently. The latest was on Thursday at just shy of $2,690/oz. As such, the logical question arises: when will BTC break its March all-time high of $73,800? With such a high correlation with assets that have done just that in the span of a week, BTC remains more than 10% away from its own. Historically, Q4 has been predominantly positive for the largest cryptocurrency, with an average return of roughly 90% in the past decade. Moreover, October and November are the two most bullish months for BTC, which, coupled with the aforementioned data, could mean that a new all-time high is just around the corner.
Bitcoin’s Correlation With US Stock Markets Reaches 2-Year High, What Does This Mean for BTC?The XRP community has been buzzing following a tweet by the digital currency platform Uphold that hinted at an extraordinary price level for XRP. This prediction has sparked heightened excitement and equally intense skepticism within the crypto community. A notable quote stated, “XRP just hit $1,000. What are you tweeting?” which fueled the discussion. Is a $1,000 XRP Price Realistic? Here’s What the Experts Say XRP Price Dynamics: Unveiling the Current Trends As of now, XRP is trading around $0.60, showing a strong upward trajectory with a 3.6% gain in the past week and an 11% increase over the past month. Despite this strong performance, the digital asset remains significantly below its all-time high (ATH) and is trailing behind other major cryptocurrencies on a year-to-date basis. The Historical Perspective: Bold Predictions and Skepticism The excitement around XRP began to escalate last year when WallStreetBulls, a prominent financial blog, forecasted that XRP could soar to $1,000. The blog asserted, “XRP reaching $1,000 is no longer an unreachable dream and could happen within a few months if not weeks.” This prediction found support from personalities like Crypto Tank, who emphasized XRP’s utility in global financial systems. On the flip side, critics argue that such a price point would necessitate a market cap surge to $100 trillion—a feat seen as implausible given that Apple’s market cap stands at approximately $3.30 trillion and Bitcoin’s at around $500 billion. Factors That Could Propel XRP to Unprecedented Heights While a $1,000 target may seem overly ambitious, several factors could drive significant growth for XRP. Market sentiment, technological advancements, and institutional investments have historically influenced crypto prices. For XRP, deeper integration into cross-border transactions and banking infrastructures could be pivotal. Ripple-partner SBI Holdings’ recent involvement in Project Agora—a joint initiative with the Bank for International Settlements (BIS) and several central banks—brings optimism about XRP’s future role in global finance. The Role of SWIFT in Cross-Border Transactions SWIFT (Society for Worldwide Interbank Financial Telecommunication) processes an average daily messaging volume of $5-$7 trillion, making it central to international transactions. However, SWIFT’s current system is criticized for its speed and cost inefficiencies. RippleNet offers a compelling alternative, promising near-instantaneous transaction settlements at significantly reduced costs. Analyst Crypto Tank suggests that if XRP captures just 10% of SWIFT’s daily transaction volume, it could potentially reach a valuation of $100. Analyst Opinions: Is Selling XRP a Mistake? Crypto analyst Alex Cobb believes that selling XRP now would be a poor investment decision. He points to several bullish indicators, including a breakout above a long-standing resistance level and recent positive closes against Bitcoin. Cobb, along with analyst Tony Edward, foresees a potential XRP bull run in the near future. The resolution of the SEC’s case against Ripple also adds to the favorable outlook for XRP. Conclusion While the prospect of XRP reaching $1,000 remains highly speculative, the digital asset’s integration into financial systems and potential technological advancements present a promising future. For now, even modest price targets like $1 or $5 would be significant achievements for XRP holders. The trajectory of XRP’s value will largely depend on its adoption and utility in global financial systems. In Case You Missed It: Changpeng Zhao Shifts Focus from Binance to Global Education with Giggle Academy Launch
XRP Price Prediction: Could XRP Really Skyrocket to $1,000?Bitcoin (BTC) has smashed through the $65,000 price target and holds strong. The top crypto asset has now broken historic bearish levels for its September performance. Analysts believe a new ATH target for BTC of $100,000 can arrive in the next 40 days. Bitcoin has smashed through the $65,000 price level leaving the crypto market in a happy bullish state and has pushed the Crypto Fear & Greed Index to a score over 60 in a Greed sentiment. This has laid a strong foundation for what many crypto analysts believe to be a heavily bullish Q4, especially considering this a Bitcoin Halving year. Bitcoin Breaks Historic September Performance Records Historically, Bitcoin (BTC) tends to have a bullish green Q4 during Bitcoin Halving years and is often followed by red August and September months. However, there have been years where green September months have led to an even more bullish green Q4 for crypto. Presently, Bitcoin is greener than it has been for September in a long time. As we can see from the image above, Bitcoin (BTC) is setting new records for its performance this September and has broken bearish historical records. Many analysts observe that if Bitcoin closes over $59,000 in September , the month will close in bullish records. So far, as September approaches its end, the price of Bitcoin is much higher than expected hinting at a great bullish surge in Q4. $100,000 BTC ATH Before US Elections? This paired with other bullish factors like FED rate cuts, a $140 billion liquidity injection from the People’s Bank of China, and the upcoming US Presidential elections, the future of crypto and its activity in Q4 seems to be quite promising leading to many analysts predicting a new BTC ATH at $100,000 by the time of the US elections. #Bitcoin to $100k before US elections ? $100k is our Q4 target, but it could be reached before the elections. The U.S. 🇺🇸 elections are just 40 days away (appx 6 weeks). Reaching $100k from here requires only a 54% increase, which translates to 1.35% daily for 40 days or 9%… pic.twitter.com/SwdRHeWgCP — Coin Signals (@CoinSignals_) September 26, 2024 As we can see from the post above, one analyst believes the $100,000 BTC ATH could arrive before the US elections will begin which is set to take place in about 40 days. For BTC to hit this price it must pump by 54% a 1.35% per day for 40 days or 9% weekly gains. He concludes by saying there is a strong possibility for this event to occur further fueling bullish sentiment in the crypto space. Read CRYPTONEWSLAND on google news 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.
$100,000 Bitcoin ATH Within Reach as BTC Prepares to Close September in Historically High Green SignalBitcoin price surges over $65,000 fueling strong sentiment for a bullish altseason. As the crypto market heads towards a bullish Q4, many altcoins show high surge potential. SHIB price has pumped by over 30% in the last 7 days and is preparing for major price surge. Bitcoin’s breakout from the $65,000 price target has pumped new ATH possibilities for BTC and altcoins to greater expectations ahead of entering Q4. So far many altcoins like SHIB, DOGE, ADA, JASMY, XRP, VET, and many others have begun to show bullish signals on their price charts. In fact, some altcoins like FET and SHIB have already started to pump in price. In particular, according to CoinMarketCap data, the price of Shiba Inu (SHIB) is $0.00001912. This means the altcoin, once a memecoin, is up by 16.5% over the last 24 hours and up by almost 33% in the last 7 days. SHIB Price Pumps Over 30% in 7 Days Moreover, Shiba Inu ’s total market cap is up by 16.6% and stands at $11,272,905,227 while its 24-hour volume is up by 150% standing at $1,351,419,847. SHIB set an ATH price of $0.00008845 three years ago and analysts hope to see SHIB set a new ATH this bull cycle, a possibility that could come true. $SHIB (Shiba Inu)'s prices are now starting to display MAJOR STRENGTH after breaking out of a sizable Falling Wedge Pattern and this may only be the early stages of a significant upside move! With a larger target at $0.000081 that is in play, an over 360% upside remains on the… https://t.co/qrJZlIzPPj pic.twitter.com/qIL84bdgMd — JAVON⚡️MARKS (@JavonTM1) September 26, 2024 How High Will SHIB Go This Bull Run? The sentiment for SHIB at the moment is incredibly bullish and the post above explores the analyst’s thoughts on the matter and what to expect next. In detail, this analyst believes that SHIB price is currently displaying major strength after breaking out of a sizeable falling wedge pattern. Furthermore, he believes that this signifies the early stages of a significant upside move. He shares his larger target for SHIB which is set at $0.000081. This would need a pump of over 360% of upside movement for SHIB to accomplish. Ultimately, the analyst hopes to see a major upside taking SHIB to possible new highs in the coming months. Read CRYPTONEWSLAND on google news 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.
Shiba Inu Volume Pumps by 150% While SHIB Price Surged Over 16% in a Day and Almost 33% in a WeekBTC’s average October return of 22.90% could push its price to $79,000, topping its previous ATH. Breaking Bitcoin’s previous ATH of $69,000 may clear resistance levels, accelerating a possible price surge. A $79,000 target in October could set up a move for Bitcoin in November, continuing its upward movement. BTC’s price performance in October could set the step for a breakthrough, with market data showing an average return of 22.90% for the month. If the cryptocurrency shares a similar 22% price increase this October, BTC will hit a price point of approximately $79,000. This would not only exceed its earlier ATH but could also break resistance levels, possibly initiating a curved move into November. Potential Impact of a 22% Bitcoin Pump According to Lark Davis post via the X Space, if BTC reaches the predicted $79,000, it would mark a key moment for the cryptocurrency market. The previous ATH of Bitcoin stands at around $69,000, achieved in November 2021. The average return for Bitcoin in October is 22.90% If we see a 22% pump from current prices, it would take $BTC to $79,000. If that happens, Bitcoin would not only break its previous ATH, but also key resistance levels to set the stage for a parabolic move in November. pic.twitter.com/MlbqUOGOCC — Lark Davis (@TheCryptoLark) September 26, 2024 A 22% pump would mean Bitcoin crossing the $69,000 threshold, clearing technical barriers in the process. Historically, such breaks have often led to increased momentum, drawing more attention and capital to the market. Resistance Levels and Parabolic Move Setup Breaking past $69,000 could lead to an effect where Bitcoin continues its upward trajectory by breaking further resistance levels. Notably, $75,000 is considered another major resistance point. Read CRYPTONEWSLAND on google news Once Bitcoin crosses that mark, the path to a figurative move in November becomes more likely. Historically, November has been a strong month for Bitcoin’s performance, and with the digital asset already on an upward trend, these gains could accelerate further. While the 22% price increase is not assured, the historical movements and data provide an event where Bitcoin will reach new heights in the coming months. A move to $79,000 would set the stage for even more developments in November, which could lead to a broader cryptocurrency market surge. 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’s October Rally Could Push Prices to $79,000, Breaking ATHLitecoin (LTC) has been making headlines recently with a noticeable boost in its price. This positive movement has grabbed the attention of many investors, who are now hopeful that LTC could regain its $76 price level. But what's driving this upward trend, and what could be next for Litecoin? In this Litecoin Price Prediction article, we’ll explore the factors behind Litecoin’s recent surge, what it could mean for its future, and whether this momentum can continue. How has the Litecoin (LTC) Price Moved Recently? LTC/USD Daily Chart- TradingView Litecoin (LTC) is currently valued at $69.44 , with a 24-hour trading volume of $727.72 million. It has a market cap of $5.21 billion and holds a market dominance of 0.23%. In the past day, LTC's price has risen by 2.29%. Litecoin hit its all-time high on May 10, 2021, reaching $410.76, while its lowest recorded price was $1.11374 on January 14, 2015. Since then, the lowest price point after its ATH has been $40.47 (cycle low), with a recent cycle high of $114.49. The current sentiment for Litecoin’s price prediction is neutral, and the Fear & Greed Index indicates a level of 61 (Greed). At present, there are 75.01 million LTC in circulation, out of a maximum supply of 84 million LTC. Over the past year, the supply inflation rate stood at 1.78%, resulting in the creation of 1.31 million new LTC tokens. Why Litecoin (LTC) Price is Rising? LTC/USD 1 Hr Chart- TradingView Litecoin's (LTC) recent price increase can be attributed to a combination of its established reputation, widespread adoption, and favorable market dynamics. Often referred to as the "silver" to Bitcoin’s "gold," Litecoin offers practical advantages like faster transaction times and lower fees, which make it a preferred choice for day-to-day transactions. These features have enabled LTC to remain a strong contender in the market, even as new cryptocurrencies emerge. Its longevity and established use cases give it credibility, drawing attention from investors and traders, especially as more merchants and platforms adopt LTC as a payment option. The upward price movement is also supported by technical and market factors. Litecoin has been able to maintain crucial support levels, which signals strength and confidence in its market performance. With robust liquidity and consistent bullish sentiment, LTC is positioned for a potential upward trajectory, possibly rebounding to the $76 mark. The increased market activity around Litecoin, coupled with its strong fundamentals, drives its price higher. As investors seek reliable assets amidst broader market volatility, LTC's appeal grows due to its stability and practical use. Looking forward, if Litecoin continues to hold above key technical thresholds, it may attract even more attention, driving the price up further. Traders should keep a close watch on market indicators like trading volume and support levels to anticipate the next price surge. Given the current sentiment and liquidity, there is a good chance that Litecoin’s positive trend will continue in the short to medium term, possibly setting the stage for new highs if it maintains momentum. How high can Litecoin (LTC) Price go? The potential for Litecoin (LTC) to see significant price gains largely depends on a mix of its market performance, liquidity, and broader crypto market trends. Over the past year, Litecoin has experienced a modest price increase of around 8%, with 20 out of the last 30 days showing positive price movements (67% green days). This indicates that LTC has been relatively stable in recent market conditions, showing consistent upward momentum. Despite these positive signs, Litecoin has underperformed compared to other top 100 crypto assets, lagging behind 79% of them, as well as being outpaced by market giants Bitcoin and Ethereum . This underperformance highlights both the opportunity for growth if LTC can close the gap and the challenge it faces in gaining a larger market share. The high liquidity and relatively low yearly inflation rate (1.78%) work in Litecoin's favor for potential price growth. These factors indicate that LTC is supported by a healthy market structure, which could fuel future price increases if demand picks up. However, it's currently trading below its 200-day simple moving average, a critical technical indicator often used to identify market trends. Trading below this level suggests that LTC is in a long-term downtrend, and breaking above this moving average would be an important signal for a potential rally. With its price down 83% from its all-time high of $410.76, Litecoin has considerable room for growth, assuming favorable market conditions and increased investor interest. From a predictive standpoint, if Litecoin manages to hold onto its recent positive momentum and break key resistance levels, it could gradually regain its value and potentially aim for the $76 mark in the short to medium term. Sustained positive sentiment, increased use cases, and strategic adoption by merchants could act as catalysts for a price surge. However, reclaiming its all-time high would require not only strong performance from LTC itself but also a more favorable macroeconomic environment and increased interest in the broader cryptocurrency market. While the path to reclaiming its peak may be challenging given its current position relative to its historical highs and market competitors, Litecoin has the liquidity and market fundamentals to see significant upward movement. If LTC breaks past the 200-day moving average and aligns with a stronger bullish market trend, a climb beyond the $76 resistance is possible, with the potential for a longer-term rally if conditions remain favorable. Traders and investors should keep an eye on key market indicators, macroeconomic trends, and broader crypto sentiment, as these will heavily influence Litecoin's capacity to achieve new price milestones.
Litecoin (LTC) Price is Rising: What's Ahead?In its latest analysis, cryptocurrency analytics firm CryptoCon has identified November 2024 as the expected time for Bitcoin (BTC) to reach its all-time high (ATH). The firm based its forecast on historical data and technical indicators, particularly the 2-week Ichimoku Cloud, which it claims has been a reliable predictor in previous market cycles. According to CryptoCon, over the last two Bitcoin cycles, the 2-week Ichimoku Cloud has accurately timed new ATHs via a bullish crossover following the red cloud in the middle of the cycle. This crossover signaled the start of a major rally, eliminating the need to wait for traditional moving averages to cross. Instead, CryptoCon claims that it highlights the importance of prominent openings within the Ichimoku Cloud, providing an early signal of an incoming price rally. Related News Analytics Firm Reveals Critical Level Bitcoin Needs to Hold For Bullish Sentiment to Continue The firm notes that the current Bitcoin cycle is ahead of schedule compared to previous ones. Historically, no cycle has reached new ATHs before November 28 in the Blue Year, the term used for the post-halving phase of the cycle. This pattern suggests that BTC could be on track to break new price records in November, but the real fireworks are not expected until March 2024, according to the firm. *This is not investment advice.
Analysts Give Date for Bitcoin’s New All-Time HighA crypto analyst has just confirmed an impending Bitcoin (BTC) crash , pointing to the formation of a bearish descending triangle formation on the cryptocurrency’s price chart. With Bitcoin’s price holding strong above the $60,000 mark, the key question now is how low this anticipated downturn is. Analyst Confirms Incoming Bitcoin Crash TradingView crypto analyst, Alan Santana has published a report warning of potential risks in Bitcoin’s current price behavior , pointing to a possible price crash driven by the formation of a new descending triangle. Santana noted that currently, the price of Bitcoin is trading above $60,000, which is about 20% lower than its March 2024 All-Time High (ATH) of more than $73,000. The analyst hypothesized that if Bitcoin were trading at a lower price level of $37,000, this would represent a 50% decline from its March ATH. In such a case, this price would be seen as a strong correction from all-time highs . Santana also revealed that trading at $37,000 would be advantageous for Bitcoin , especially before a major political event like the upcoming United States (US) Presidential elections in November. This means that by trading below $40,000 or $37,000, Bitcoin would be due for a significant recovery to new highs . However, since BTC is currently trading at $63,635, a price mark close to a critical resistance level, this indicates a strong momentum. As such, if an unexpected event or market shakeout occurs, it could potentially trigger a massive price decline for the cryptocurrency . Moreover, Bitcoin has formed a descending triangle pattern , which the analyst has flagged as a bearish signal. He revealed that on the cryptocurrency’s monthly chart, this pattern broke to the downside, ultimately confirming an impending price crash . As a result, Santana has warned that investors should expect a Bitcoin crash , citing the cryptocurrency’s prolonged sideways movement with a bearish bias over the past six months. He further disclosed that BTC has been printing lower highs in the short-term and mid-term for more than six months, highlighting that lower highs were an indication of a bearish trend. Based on the cryptocurrency’s market behavior, descending triangle pattern and current price, Santana has predicted that Bitcoin could dip below $49,000 . He noted that the next Fibonacci retracement level below $49,000 sits around $40,000 to $43,000, meaning the main target for this bearish forecast could be even lower. BTC Uptrend Hinges On $70,000 Breakout While emphasizing the potential for Bitcoin to crash below $49,000, Santana also disclosed that Bitcoin could witness a major uptrend if its price can successfully break above the $70,000 mark. He revealed that a strong confirmation above this price is necessary to consider BTC bullish this cycle. Specifically, if the cryptocurrency can achieve a one or two weekly or monthly close above $70,000, it could spark a bullish turnaround for the market. However, while Bitcoin is rising and maintaining a price above $60,000, the market is only seeing over-leveraged traders being liquidated and the growth of altcoins. BTC bulls push price higher | Source: BTCUSD on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com
Bitcoin Descending Triangle Formation Says A Crash Is Coming, How Low Can It Go?As the leading cryptocurrency Bitcoin (BTC) oscillates between $64,000-$63,000, it may be just a stone’s throw away from a new ATH. Bitget chief research analyst Ryan Lee stated that if history repeats itself, Bitcoin could test the new ATH in about a month, from the third week of October to November. Stating that the data points to an increase in Bitcoin, Lee added that there may be fluctuations in the price. Lee stated that although Bitcoin has started to rise, there may be occasional corrections, and the intensity of these corrections and sales may change depending on the US elections. “If history repeats itself, Bitcoin is likely to retest its all-time high above $73,750 during the third week of October into November. However, this rising wave will occasionally be accompanied by corrections that will be reflected as a selling wave. The intensity and extent of these corrections will depend on the US elections, as investors may be hesitant to sell in anticipation of a bullish rally if they are more confident that a pro-Bitcoin president will be elected. Lee stated that optimism among investors increased after the FED lowered interest rates by 50 basis points and the People's Bank of China by 30 basis points, and that risky assets such as Bitcoin became more attractive after these moves. *This is not investment advice.
When Will the New ATH Come in Bitcoin? Famous Analyst Said "Very Close", Shared His Expectations!Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, believes the time has come for a meme coin breakout. As a result, he has added some tokens to his portfolio to maximize his returns. A series of tweets from the American entrepreneur revealed that he has been purchasing several meme coins, including Pepe (PEPE), Mother Iggy (MOTHER), and Mog Coin (MOG). Incoming Meme Coin Season? Earlier this week, Hayes posted a tweet asking American rapper and celebrity Iggy Azalea, also the creator of MOTHER, if she could be his mother – a move aimed at expressing his support for the songwriter’s token. Hayes admitted he was wrong about his prediction that the recent Federal Reserve rate cut would strengthen the Japanese yen and crash risk assets like bitcoin (BTC). Since the cryptocurrency held up well over the last weekend, he believed it was an opportunity to let the good times roll. “Time to trade some dogshit meme coins,” he added. In subsequent posts, Hayes stated that he doubled his MOTHER position, is “martingale’ing” the token, and looks forward to the meme coin’s market cap skyrocketing to $1 billion. Data from CoinMarketCap showed Mother Iggy’s market cap stands at $986 million at the time of writing. In the early hours of Friday, Hayes disclosed that he is also acquiring more MOG and PEPE, inviting his friend to join the spree. On-chain data accessed by blockchain intelligence platform Lookonchain indicated that Hayes has already withdrawn 24.39 billion PEPE worth roughly $252,680 from crypto exchange Binance. “It’s time for a memecoin breakout. I respect my $MOTHER, I $MOG like no one else, but I can’t neglect $PEPE. Yachtzee Bitches!” Hayes stated . Not Just Meme Coins A separate tweet from Lookonchain revealed that Hayes is not just bullish on meme coins. The crypto enthusiast has been purchasing millions of Aethir (ATH), the native token of the decentralized cloud infrastructure project Aethir, since mid-August. Most of the funds used to purchase ATH have come from the sales of Hayes’ Pendle (PENDLE) stash. The entrepreneur said his family office fund, Maelstrom, has been reducing its PENDLE position to fund a “special situation.” Regardless of the sales, the fund still believes PENDLE has the potential to lead the crypto interest rate derivatives market; hence, Hayes remains bullish on the asset. Following Hayes’ latest ATH purchase Friday morning, the BitMEX co-founder’s stash has grown to 116.63 million ATH worth approximately $7.5 million.
Arthur Hayes Says It’s Time for a Meme Coin Breakout: These Are His Latest BuysArthur Hayes, BitMEX founder, seems to be shifting his focus from long-term altcoin accumulation to meme coins. He recently gave a shoutout to Iggy Azalea’s MOTHER token which saw a surge of around 30% in a week. In the latest turn of events, Hayes is now heading towards PEPE after registering gains on Pendle and Aethir (ATH). Pepe, the third biggest meme coin, saw a rapid spike as Hayes decided to go after it. PEPE price surged by over 18% in the last 24 hours. However, this week proved to be pretty good for the meme crypto category as its biggest tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) printed heavy green indexes. Arthur Hayes bets big on PEPE According to the data shared by Spot On Chain, Arthur Hayes turned to accumulate PEPE after ATH. He deposited 1 million USDC to the crypto exchange Binance and then withdrew back 24.39 billion PEPE (approx. worth $252K) to his wallet. BitMEX founder even sent out a message via his X post . He wrote “It’s time for a memecoin breakout. I respect my $MOTHER, I $MOG like no one else, but I can’t neglect $PEPE.” Pepe dealing with the heavy selling pressure recorded a major breakout on Friday as it reclaimed the crucial $0.00001062 mark. The frog-themed meme coin traded above this price level in the first week of August last time. See also Meme coin market gains 19%, DOGE, PEPE indicate bullish price action Pepe is trading at an average price of $0.00001061, at press time. Its 24-hour trading volume is now up by 54%, standing at $1.31 billion. The token is now up by around 37% over the last 30 days despite facing a decline of 9% over the past 90 days. Hayes switching gears Hayes is making the meme coin frenzy intense as he earlier withdrew 30.89 million ATH (approx. worth $1.92 million) from Bybit. This move became his largest single ATH accumulation. However, he was already on the accumulation spree. BitMEX founder had withdrawn 47.37 million ATH (approx. worth $2.94 million) from multiple exchanges at the beginning of this week. He was dealing with PENDLE before jumping into the ATH buying spree. However, he moved 1.59 million Pendle (approx. worth $5.61 million) to Binance and Bybit just to make a shift over ATH. However, he also showed his interest in Iggy Azalea’s memecoin, MOTHER, citing favorable macroeconomic conditions. Hayes cheekily posted, “Iggy Azalea, can you be my $MOTHER?”
Arthur Hayes goes all in on PEPE after ATHDelivery scenarios