DogWifHat (WIF) is emerging as one of the top meme coins in the market, currently testing a critical liquidity level that could propel the price to new highs. As the broader crypto market navigates a period of volatility and uncertainty, traders eagerly search for confirmation of a potential rally. WIF, which has gained significant traction in recent months, is now at a crucial point where the next move could define its short-term future. Prominent analyst and investor Ali Martinez has shared insightful data suggesting a bullish outlook for DogWifHat. Metrics point toward a rise in price action, which could lead to a breakout, with WIF potentially surging to the $4 mark if momentum continues to build. However, the coming days will be key in determining whether a bull trend can be confirmed as market participants await signs of sustained upward movement. All eyes are on WIF to see if it can capitalize on this moment and rally to new heights. DogWifHat Turning Point DogWifHat (WIF) is at a critical turning point, with its price hovering just above the $2.5 mark, a crucial psychological level for confirming an ongoing uptrend. Investors and traders are closely watching this level, as its ability to hold will determine whether WIF pushes to new highs or retraces to lower demand zones. Top analyst Ali Martinez recently shared a technical analysis on X, revealing that a buy signal has appeared for WIF on a key indicator, the TD Sequential. The TD Sequential, known for accurately predicting trend reversals in the crypto market, has previously been spot-on for DogWifHat. According to Martinez, this new buy signal could be the catalyst that sends WIF into a bullish phase, fueling optimism among investors. The overall sentiment in the market is also leaning toward a potential surge as volatility continues to rise and other major cryptocurrencies show signs of life. Martinez’s analysis supports the growing belief that WIF could be on the verge of a breakout, especially if it holds the $2.5 level. However, if the price fails to maintain this support, investors expect a drop to lower demand levels. In the coming weeks, WIF’s price movement will be pivotal in determining whether the meme coin continues its upward trajectory or faces further corrections. WIF Technical Analysis WIF is currently trading at $2.62 after experiencing a few days of volatile price action within a sustained uptrend. On Monday, the price set a new high at $2.97 but has since retraced slightly and is now testing crucial demand at a previous resistance level of around $2.5. This level is key for bulls, as holding above $2.5 would maintain the upward momentum and set WIF up to target the $3 mark, in line with the broader market’s continued push upward. However, should WIF fail to hold the $2.5 level and close below it, this could indicate a shift in the price structure and signal the start of a correction. Traders are keeping a close eye on these levels, as a drop below $2.5 would suggest weakening bullish momentum and the potential for a pullback to lower support areas. The next few days will determine whether WIF continues its uptrend or faces a short-term retracement. Featured image from Dall-E, chart from TradingView

XRP price is still struggling to clear the $0.5550 zone. The price must settle above the $0.5550 resistance to start a steady increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5435 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Holds Support XRP price made another attempt to clear the $0.5550 resistance zone. However, the bears remained active below $0.5550 and there was no upside break. The price corrected some gains like Bitcoin and Ethereum. There was a move below the $0.5500 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high. However, the bulls are active and protecting more losses below $0.540. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5435 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high. On the upside, the price might face resistance near the $0.5500 level. The first major resistance is near the $0.5520 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5650 resistance. Any more gains might send the price toward the $0.5840 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level and the trend line. The next major support is near the $0.5350 level. If there is a downside break and a close below the $0.5350 level, the price might continue to decline toward the $0.5265 support in the near term. The next major support sits near the $0.5180 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5400 and $0.5350. Major Resistance Levels – $0.5500 and $0.5550.

Bitcoin has been experiencing a notable increase in network activity, as indicated by a surge in active addresses. Data shows that the cryptocurrency has seen a resurgence in user engagement following a sluggish performance during July and August since the start of September. With this uptick in activity, it is worth assessing Bitcoin to see what this development could spell for the asset’s price trajectory. The Increase In Active Addresses A CryptoQuant analyst, who goes by the pseudonym Crazzyblockk, recently highlighted this trend on the CryptoQuant QuickTake platform, emphasizing that the spike in active addresses is a promising sign for Bitcoin. According to the analyst, the “Bitcoin Active Address Momentum” metric, which compares monthly and yearly moving averages of active addresses, has shown a significant rise, indicating a positive shift in network activity. For context, the Bitcoin Active Address Momentum metric is used to track changes in the level of user activity on the network. By comparing monthly and yearly moving averages, the metric helps detect increased or decreased engagement patterns. In this case, Bitcoin’s active addresses have surged above both the monthly and yearly moving averages, marking a potential turning point for the network. What This Surge In Active Addresses Means For Bitcoin Crazzyblockk explained that while it is challenging to correlate the rise in active addresses with price performance directly, this growth represents a broader trend of renewed interest in Bitcoin. Historically, spikes in active addresses have been associated with increased demand, often preceding or occurring during bullish market cycles. This surge in user participation may signal a growing demand for Bitcoin, potentially fueling a more sustained upward movement in price. Meanwhile, although Bitcoin’s price performance throughout the summer months was lackluster, increasing active addresses may catalyze a renewed bullish phase. The analyst further noted that increased network activity is often critical to long-term price growth. Therefore, this spike in active addresses is a positive development that should be monitored. Network activity is often viewed as a key indicator of market sentiment and investor interest. The market may be gearing up for another expansion phase, with user engagement increasing. This could also impact other cryptocurrencies, as Bitcoin’s price trends often influence the entire crypto market. So far, Bitcoin seems to be gradually reflecting the implication of this increase in network activity. Over the past week, the top crypto has risen by nearly 10% as it trades above the $67,000 price. Featured image created with DALL-E, Chart from TradingView

Ethereum price is consolidating gains above the $2,550 resistance. ETH could gain pace if it clears the $2,650 resistance zone. Ethereum started a fresh increase above the $2,550 and $2,580 resistance levels. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $2,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Eyes More Upsides Ethereum price remained stable above the $2,550 pivot level like Bitcoin. ETH cleared the $2,600 and $2,620 resistance levels. The price even spiked above $2,650 before there was a downside correction. The price is again rising and trading above the $2,600 level. The bulls were able to clear the 50% Fib retracement level of the downward wave from the $2,685 swing high to the $2,538 low. There is also a connecting bullish trend line forming with support near $2,610 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,600 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,635 level. The first major resistance is near the $2,650 level or the 76.4% Fib retracement level of the downward wave from the $2,685 swing high to the $2,538 low. A clear move above the $2,650 resistance might send the price toward the $2,680 resistance. An upside break above the $2,680 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,750 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920. Another Drop In ETH? If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,610 level and the trend line. The first major support sits near the $2,575 zone. A clear move below the $2,575 support might push the price toward $2,550. Any more losses might send the price toward the $2,475 support level in the near term. The next key support sits at $2,450. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,575 Major Resistance Level – $2,650

Lido Finance, the largest DeFi platform by assets under management, is expanding. The liquidity staking platform said it now supports the deployment of its stETH value-accruing token on Optimism, a layer-2 solution for Ethereum. Expansion to Optimism: What It Means In a blog post, Lido Finance said the decision will allow its users to benefit from daily staking rewards. At the same time, the platform said, those who choose to deploy their stETH on Optimism will have a seamless bridging experience while concurrently unlocking other multichain opportunities. The deployment means Lido Finance is expanding in line with its multichain strategy. By offering stETH and wstETH on multiple layer-2 platforms on Ethereum, including on Arbitrum, the liquidity staking solution gives users a more flexible way to stake their ETH. Moreover, because Ethereum layer-2 solutions are designed to be scaled, all transactions, Lido Finance said, will be cheap. Lido Finance is among several liquidity-staking platforms that allow users to stake their ETH and earn a yield. This is possible because Ethereum successfully migrated from a proof-of-work consensus to a staking system in 2022 after the Merge. Once developers powered off the proof-of-work system, the network was migrated to the Beacon chain. In this new chain, validators secured and processed all transactions. With validators in the equation, those who sought to operate full nodes and compete for a part of the 3 ETH block reward and fees had to lock in 32 ETH. This threshold was out of reach for most users. Accordingly, the platform allows users to stake ETH without having the 32 ETH required to run a full node. Related Reading: Dogecoin Sees Sharp Decline: Over 106,000 Wallets Abandon The Memecoin Lido Finance Manages Over $25 Billion, LDO Down 72% In 9 Months As of October 16, DeFiLlama data shows that Lido Finance had a total value locked (TVL) of over $25 billion. Over the last year alone, the protocol has generated over $845 million in the last year and more than $1.8 billion since launching. Although the protocol helps secure the Ethereum mainnet, ETH holders of several layer-2s, including Arbitrum, Base, Linea, and Scroll, can stake directly from these off-chain solutions. Despite Lido Finance growing its ecosystem, LDO prices are struggling for momentum. Even after gains of October 14, the token is yet to break above September highs and reverse losses of the last nine months. After peaking in March, LDO is down 72%.

Quantity Funds and Return Stacked introduced the STKD Bitcoin and Gold ETF. By pooling Bitcoin and Gold into one ETF, investors will have access to two scarce assets. The US-based Bitcoin and Gold Exchange-Traded Fund (ETF) is the latest offering by Quantity Funds, giving investors access to two distinct asset classes via one investment vehicle. Market gurus, such as Peter Schiff, are debating which of these assets is more valuable to investors, and this new information emerges at the same time. In a press release, Quantity Funds and Return Stacked introduced the STKD Bitcoin and Gold ETF. By pooling Bitcoin and Gold into one ETF, investors will have access to two scarce assets that might provide protection against currency debasement and inflation in the future. Helping Diversify Portfolio In fact, these assets, notably Bitcoin, may serve as a safeguard against potential monetary debasement and inflation in the future. Bitcoin’s value will skyrocket as a result of inflation driven by conflict, according to BitMEX co-founder Arthur Hayes. Unlike other funds, this one promises full investment in both Bitcoin and gold, as stated in the release. Investing in Bitcoin futures and ETPs, the Bitcoin strategy aims to capture every price return of BTC. Investing in Gold futures and ETPs is another way the Gold approach plans to profit from the asset’s price increase. In establishing a diverse portfolio, the “bitcoin vs. gold” debate has gained traction, as mentioned in the press release. Quantity Funds, on the other hand, claims that this debate overlooks the broader function that both assets may provide for investors seeking a combination of portfolio hedging and capital appreciation. Notable economist and gold advocate Peter Schiff has maintained his role as a catalyst for the Bitcoin vs. gold discussion. According to his X post, everyone is engrossed in the “meaningless, Trump-inspired Bitcoin pump” and has failed to see the importance of Gold reaching a new record high over $2,680. Highlighted Crypto News Today: Tron Network Sees Explosive 170% Revenue Growth in 2024

Bitcoin price climbed further higher above the $67,500 resistance zone. BTC is now consolidating and might clear the $68,350 resistance to continue higher. Bitcoin remained stable and extended gains above the $68,000 zone. The price is trading above $67,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $68,000 resistance zone. Bitcoin Price Remains Supported for More Upsides Bitcoin price remained supported and extended its increase above the $67,500 resistance. BTC cleared the $67,800 resistance to move into a positive zone. The price even rallied above the $68,000 and $68,200 resistance levels. The price traded as high as $68,328 and currently consolidating gains. There was a minor decline below the $68,000 level. The price dipped and tested the 23.6% Fib retracement level of the upward move from the $64,686 swing low to the $68,328 high. Bitcoin price is now trading above $67,200 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $66,800 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $68,000 level. The first key resistance is near the $68,350 level. A clear move above the $68,350 resistance might send the price higher. The next key resistance could be $68,800. A close above the $68,800 resistance might initiate more gains. In the stated case, the price could rise and test the $70,0200 resistance level. Any more gains might send the price toward the $72,000 resistance level. Another Drop In BTC? If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $66,800 level and the trend line. The first major support is near the $66,500 level and the 50% Fib retracement level of the upward move from the $64,686 swing low to the $68,328 high. The next support is now near the $66,500 zone. Any more losses might send the price toward the $65,400 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $66,800, followed by $65,400. Major Resistance Levels – $68,000, and $68,350.

Solana is testing a crucial supply level around $160 following a strong 15% surge since last Friday. The crypto market is experiencing heightened volatility as optimism grows, increasing token prices. In recent weeks, Solana and other major cryptocurrencies have been on a rollercoaster ride, and the coming weeks promise continued uncertainty as volatility shows no signs of slowing down. Key metrics from DefiLlama reveal that Solana’s total value locked (TVL) has reached a new yearly high, now at around $6 billion, its highest level since September 2022. This TVL increase signals confidence in Solana’s ecosystem and decentralized finance (DeFi) offerings. Investors and traders are closely watching the market, with Solana’s performance likely to serve as a key indicator for broader market sentiment. As Solana tests this crucial resistance level, the next few days will determine whether the token continues its upward momentum or faces another round of volatility. Solana Testing Crucial Resistance Solana is flirting with a 5% surge, poised to challenge local highs and potentially confirm a long-term uptrend. As the broader crypto market experiences a shift, investors and traders are eagerly searching for signals that Solana is ready to break into new highs. Key data from DefiLlama shows that Solana’s total value locked (TVL) has reached a new yearly high of $6 billion. TVL measures the total value of assets deposited into a blockchain project and is a key indicator of user confidence and engagement. A rising TVL suggests that more users are locking their funds into Solana’s decentralized applications, a sign of growing trust in its ecosystem. This increase in TVL further supports the bullish outlook that many investors hold for Solana. The platform’s expanding DeFi offerings and solid infrastructure make it a strong contender in the altcoin space. As Solana continues to push toward new highs, such fundamental data reinforces optimism about its future price action. A confirmed surge above key resistance levels could begin a sustained upward trend for Solana, positioning it as one of the top performers in the market. Investors are watching closely to see if the current price movement can translate into a longer-term rally. Key Levels To Watch Solana is currently trading at $155 after a volatile session yesterday. The price successfully retested and now holds above the 200-day moving average (MA) at $151, signaling strong support for the asset. This level has been a key indicator for traders, and maintaining it is crucial for sustaining the current bullish momentum. For bulls to keep the momentum going, SOL must stay above this 200-day MA and break through the $160 level. Such a move would likely confirm a bullish trend and propel Solana to test its yearly highs around $210. This would mark a significant upward move, reflecting optimism in the market and increasing confidence among traders and investors. However, the bullish momentum could weaken if the price fails to close above $160 and holds above the 200-day MA. In this case, a retracement is likely, with the price potentially dropping to lower demand levels around $140. This correction would serve as a consolidation phase before any further upward moves. Traders are closely watching these key levels as they will dictate Solana’s next major move in the market. Featured image from Dall-E, chart from TradingView

SUI has lately attracted a lot of interest and peaked in its development. It finished the week at its all-time high price of $2.30 and ranked higher than top altcoins such as Polkadot (DOT), therefore ranking itself among the top 15 cryptocurrencies. Among those who support SUI, this achievement has inspired hope since they believe it will become a major competitor in the market. DeFi noted SUI’s price surge and $1 billion Total Value Locked (TVL). The coin ranks higher than Avalanche (AVAX) and Polygon (MATIC). Investors are noting SUI’s growing position in the DeFi market, with SUI projections showing a continuous positive trend and a whopping 240% increase over the next three months, At the time of writing, SUI was trading at $2.04, down 4.3% in the last 24 hours, but sustained an 8.7% in the last seven days, data from Coingecko shows. Valuation Inquiries Arise The rapid rise of SUI has evoked excitement among many but it has also raised doubts. In fact, some analysts are questioning whether there is a justification in the prevailing market capitalization of the token to its real fundamentals. The rising value has sparked a debate because people are trying to measure SUI’s market capitalization in order to come up with underlying problems. Such an occurrence is not unusual for coins and even tokens on the rapid expansion corner; however, it also tends to instill some doubts into potential buyers. Insider selling is another worry. Significant transactions from a foundation wallet during the token’s recent rise have raised questions about its price sustainability. Divesting during a price spike may indicate insider insecurity, making investors doubt long-term prospects. Comparison Of Fully Diluted Valuation The complexity of SUI’s current condition is exacerbated by its Fully Diluted Valuation. The FDV of SUI is $1.2 billion, far lower than Solana’s $4.7 billion. Several market experts claim that Solana could be mispriced because the fully diluted valuation of Solana is less than one-third that of Ethereum. This has led some to conclude that SUI is overvalued at this time. Such a comparison also raises the issue of possible mispricing in the market, which makes it necessary for investors to weigh the pros and cons before getting involved. At present, there is a competition among various cryptocurrencies and knowing the valuation of such projects relative to other tokens makes one comprehend better each of the tokens. What’s Next For SUI? Despite the concerns, SUI’s pictured development in the near future is optimistic. The examination of the movement of prices points out that an upward trend will occur since the estimates show that there will be a substantial increase in the market size in a few months. In the coming three months, the price of SUI is expected to shoot up by 244%, which attracts many hopeful investors. It is advisable for the investors to be careful. Considering the high volume of insider sales and concerns on valuations, the future might not be so rosy as it has been projected. Keeping track of market dynamics and technical analysis will be very important for addressing the risk that comes with the rapid rise of SUI. Featured image from Boxmining, chart from TradingView

Dogecoin (DOGE), the world’s largest meme coin has recently seen a sharp decline in its holder base, with new data confirming that the number of active long-term holders has fallen to a six-month low. Amidst this bearish development, a crypto analyst remains optimistic about Dogecoin’s price outlook, believing that it can reach new All-Time Highs (ATH) of $10 soon. Dogecoin Holder Base Sees Rapid Decline Santiment, a Market Intelligence platform has unveiled a rather bearish trend involving Dogecoin investors and holders. The platform revealed in an X (formerly Twitter) post on October 15 that the number of active Dogecoin holders is falling at a significantly rapid pace. Based on its reports, there has been a net loss of approximately 106,600 non-empty wallets since Tuesday, October 8. A non-empty wallet here refers to a crypto wallet that contains at least some DOGE tokens. Sharing a chart illustrating the decline in the Dogecoin holder base, Santiment revealed that the total number of Dogecoin holders is estimated currently at 6.62 million. This figure marks the lowest the DOGE holder base has ever been since April 25, 2024. The net drop of 160,600 indicates that more people are either selling off or withdrawing the DOGE tokens from their wallets than those buying the meme coin. In light of this, Santiment has noted a shift in investors’ sentiment and interest in Dogecoin. The market intelligence platform has disclosed that many traders who had invested in Dogecoin are expressing frustration about the meme coin’s poor market performance. As a result, traders, especially those looking for short-term gains, are moving away from Dogecoin in search of a cryptocurrency that might offer rapid price increases. As of writing, Dogecoin is trading at $0.12, experiencing slight upticks over the weeks, according to CoinMarketCap. It appears the meme coin’s 10% surge and 17% increase in the past week and month respectively, has not been enough for many investors. As the top meme coin in the market, many expect a dramatic DOGE surge to occur in order to reap immense benefits. However, the cryptocurrency’s recent fluctuating performance and inability to reach the coveted $1 mark has left many investors concerned. Analyst Doubles Down On $10 Price Target For DOGE Amidst the decline in the Dogecoin holder base, a crypto analyst remains highly bullish on the meme coin price outlook. Dima James Potts, an analyst on X has doubled down on his earlier prediction that Dogecoin is headed to $10. In a previous X post on August 8, Potts predicted that Dogecoin is gearing up for a major price increase in 2025. At the time, the analyst based his forecast on DOGE’s historical patterns and past performance, highlighting that in the two previous market cycles, Dogecoin had surged 9,000% and 18,000% in 2017, and 2021 respectively. Now the analyst is reinforcing his earlier prediction, emphasizing that history cannot be changed, while asserting that a $10 price surge for Dogecoin was seemingly inevitable.

Data shows the Bitcoin market sentiment has nearly turned to extreme greed as the cryptocurrency’s price has rallied to the $68,000 mark. Bitcoin Fear & Greed Index Is Currently Inside The Greed Region The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. This index makes use of the data of the following five factors in order to determine the sentiment: trading volume, volatility, social media sentiment, market cap dominance, and Google Trends. Once found, it represents the market mentality as a score between 0 and 100. When the metric has a value greater than 53, it means the traders as a whole share a sentiment of greed right now. On the other hand, it being under the 47 mark implies the dominance of fear in the market. The territory in-between these two corresponds to a net neutral mentality. Besides these three main sentiment zones, there are also two special regions called the extreme fear and the extreme greed. The former of these occurs at 25 and under, while the latter at 75 and above. Now, here is what the latest value of the Bitcoin Fear & Greed Index has been like: As is visible above, the indicator has a value of 73, which suggests that the investors are currently showing a significant amount of greed. This is a notable change from how the mood in the market was last week, as the index had declined into the fear zone then. The below chart shows how the value of the Bitcoin Fear & Greed Index has changed over the past year: From the graph, it’s visible that this latest uplift in the sentiment, which has come as a result of the asset’s rally to $68,000, has taken the index to the highest value since the end of July. Back then, the high sentiment values had led to a top for the cryptocurrency. This type of pattern is something that has actually been witnessed throughout history. It turns out that Bitcoin has a tendency to move in the direction opposite to what the crowd is expecting and the probability of such a contrary move increases the more the traders lean towards one side. In the extreme regions, this likelihood is the strongest, so tops and bottoms have often formed when the investors have shared these sentiments. The current value of the index is just outside the extreme greed zone, so a top could become likely for the asset should the investor mentality continue to improve. The sentiment may also not even have to improve further for such a scenario to follow out, as the top back in July had occurred when the index had a value of 74, only one unit greater than the current one. BTC Price At the time of writing, Bitcoin is trading at around $68,000, up more than 9% over the last week.

Bitcoin (BTC) has made a bold move, breaking past the crucial $65,000 level and sparking renewed hope of reaching its all-time high. As bullish momentum builds, the market is watching closely to see if this breakthrough could be the start of a larger rally. With previous resistance now behind it, can Bitcoin continue its upward journey and reclaim its record peak? Or will market forces pull it back before reaching new heights? The aim of this article is to explore BTC’s impressive move past the $65,000 level and evaluate its prospects of hitting a new peak. This piece will offer a comprehensive outlook on whether BTC can sustain its rally or face resistance as it approaches record territory through a detailed look at current market dynamics, rising power, and potential challenges. What Breaking The $65,000 Barrier Means For Bitcoin Currently, on the 4-hour chart, Bitcoin is sustaining its position after successfully surpassing the $65,000 mark while trading above the 100-day Simple Moving Average (SMA). By maintaining its position above the $65,000 mark and the 100-day SMA, BTC demonstrates resilience and potential for further upward momentum toward its all-time high of $73,811. An analysis of the 4-hour Relative Strength Index (RSI) shows a significant surge, climbing to 77% after dropping to 50%, indicating strong bullish pressure for Bitcoin. While this increase signals growing positive market sentiment, it also raises concerns about the sustainability of the rally, as a possible price correction could occur if profit-taking ensues. Furthermore, the daily chart indicates that Bitcoin is trading above the 100-day SMA, which is a strong signal of upbeat momentum. This upward movement is marked by a rebound at the $65,000 level, demonstrating significant buying interest from investors. The fact that BTC is consistently above the 100-day SMA suggests a solid trend and that the bulls are eager to push prices higher, potentially leading to more upside movement if pressure continues to build. Lastly, the RSI on the daily chart is currently positioned at 66%, significantly above the pivotal 50% threshold, which indicates a bullish trend for Bitcoin. At 66%, the RSI indicates that BTC’s positive pressure will likely persist, supporting the possibility of continued price gains in the near term as it has not yet reached the overbought territory. Technical Outlook: What Charts Indicate About BTC’s Next Move A technical outlook for Bitcoin indicates a cautiously optimistic trajectory as the cryptocurrency maintains its position above key support levels. Thus, the next resistance level to monitor is its current all-time high of $73,811. A successful breach above this level could pave the way for Bitcoin to reach new heights, potentially setting the stage for a new record. However, if bears take control at the $73,811 resistance level, the price may start to decline toward the $65,00 support range. Additionally, a drop below this level could trigger a deeper decline, possibly leading to a test of the $60,000 support level and beyond.

According to a technical analysis from analyst Xanrox, the Bitcoin price is on the road to reaching the $130,000 mark in the next few months. Notably, this bullish price target might go unnoticed as one of many positive predictions that have surrounded the Bitcoin price in recent times. However, Xanrox’s prediction is intriguing as it also comes with a bearish outlook after the price target is fulfilled. To support his forecast, Xanrox relied on a combination of Fibonacci extensions and Elliott impulse waves, two of the most popular analysis tools. Together, these tools allowed Xanrox to not only pinpoint a journey to the $130,000 target but also a sharp retracement to $60,000, Bitcoin Price Roadmap To $130,000 Taking to TradingView to share his views, crypto analyst Xanrox highlighted that the Bitcoin price is now on its way to playing out the fifth Elliot impulse wave, having already completed the fourth impulse wave in August. Impulse waves, which are five in total, are a part of the two main types of waves in the Elliot Wave theory, with the other being corrective waves. An impulse wave is a strong, directional movement in the market that goes in the direction of the overall trend. These waves are divided into five sub-waves, labeled 1 one through 5. The odd-numbered waves (1, 3, and 5) represent the driving forces behind the trend, while the even-numbered waves (2 and 4) are periods of consolidation that provide a pause before the next leg of the trend. According to Xanrox’s analysis, Bitcoin officially kicked off Wave 5 after it hit a correction low of $49,000 in August. This marked the end of Wave 4, which had acted as a consolidation period following the dramatic rally seen during Wave 3, with the Bitcoin price reaching a new all-time high. Now, with the final impulse wave underway, the focus has shifted to how high Bitcoin might climb. To predict the potential peak of Wave 5, Xanrox employed Fibonacci extensions. Interestingly, when the Fibonacci extension is applied from the Wave 4 low, the 0.618 Fib extension aligns perfectly with a major trendline that has marked the peaks of both Wave 1 and Wave 3. As such, this suggests that the 0.618 Fib extension could play a pivotal role in the next phase of Bitcoin’s price action. At the point of this intersection lies a price target of $130,000, which represents a significant 100% increase from the current levels. What Next After $130,000? Xanrox’s outlook doesn’t end with just a bullish price target. The analyst also cautioned and highlighted the possibility of a sharp reversal after Bitcoin reaches its fifth-wave peak. Drawing on patterns, he noted that Bitcoin’s previous waves have experienced significant corrections between 70% and 80% once the impulse wave cycle concludes. For this reason, Xanrox predicted that Bitcoin could crash rapidly to $60,000 after reaching $130,000, likely by January 2025.

Leading figures in the crypto sector have highlighted Dogecoin as the potential top beneficiary of a victory by Donald Trump in upcoming US elections. Andrew Kang, founder and CEO of Mechanism Capital, took to X to express his insights on the matter. “One of the most interesting ways to express a ‘Trump Victory’ trade would probably be owning DOGE (and other memes),” Kang wrote. “Not only do you have high odds of a Doge ETF but the Department of Government Efficiency (DOGE) would be making headlines every week and be pushed forward by Trump,” he added. Well-known Dogecoin advocate Elon Musk has been proposed by US presidential nominee Donald Trump to lead a Department of Government Efficiency if Trump wins a second term. This commission aims to conduct a comprehensive audit of federal finances and performance, and could be in the spotlight for many months in case of a Trump victory. Imran Lakha, a seasoned professional options trader with two decades of experience, echoed Kang’s sentiments. “We mentioned this in last week’s podcast with Raoul Pal,” he commented, pointing to a deeper discussion on the topic. Why Dogecoin Could Be The Top ‘Trump Victory’ Trade Raoul Pal, co-founder of Real Vision Group and Global Macro Investor (GMI), and former head of hedge fund sales in equities and equity derivatives at Goldman Sachs, elaborated on the dynamics of memecoins and specifically Dogecoin during the podcast. “The other thing about memecoins that is really interesting is Bitcoin now there’s such a heavy narrative you go around it. You need to understand the history of money and you know blah blah blah,” Pal remarked. “And memecoins are like the meme number that goes up. Right, that’s so much easier and much less inhibiting to a 25-year-old.” Pal emphasized the appeal of memecoins to younger investors, attributing it to the straightforward allure of potential gains. “There’s a trend, so now you’re just capturing an attention trend,” he explained. “Look, don’t judge them with your kind of financial market wealth. They’re all going to get blown up; they know what they’re doing—which is attention is fleeting gambling—and I’m going to gamble how long that attention goes on for and how valuable it becomes, knowing that it’s not going to be persistent.” He also highlighted Dogecoin’s historical performance and chart patterns. “In the previous cycle, Dogecoin went to $100 billion. So there’s a lot of upside on most of them. People don’t understand that the DOGE chart is a killer weekly chart,” Pal noted. “If I just look at the weekly chart of [DOGE], there’s been a massive wedge for a few years, spike, massive wedge, spike, and it’s like this perfect thing. It’s like it’s a thing of beauty, that chart. So I’m long DOGE.” Regarding Elon Musk’s involvement, Pal suggested that the Tesla and SpaceX CEO has intentionally went silent about Dogecoin recently. He speculated that Musk, who has aligned himself with Trump, may be strategically avoiding conflicts with the Biden-Harris administration because “there’s only a certain number of battles Elon can take at once,” while planning to integrate Dogecoin into X after Trump is elected. He speculated on Musk’s strategic positioning: “I just think he doesn’t want to have that fight, but I still think it’s gonna happen. That’s why he’s chummy with Trump, right? Because if he’s chummy enough with Trump and Trump gets in, then that’ll be an easier fight for him.” Pal suggested that integrating Dogecoin into platforms like X could revolutionize global transactions. “If you were to use DOGE as the currency—because unlike Facebook Libra, he’s not launching a currency; it exists—and then we could all use DOGE payments on Twitter,” he said. “The issue is that it’s a big fight with the government when you’ve got a platform of 500 million people and you’re going to introduce a currency onto it.” At press time, DOGE traded at $0.12512.

As we gaze into the future of October 2024, the landscape of cryptocurrency continues to evolve with exciting developments. Among these are the standout platforms that have set the standard for crypto coin listings: Plus Wallet, CoinMarketCap, CoinGecko, and Kraken. CoinMarketCap and CoinGecko have long been revered as the foundational pillars in the crypto tracking sphere, praised for their meticulous approach to listing established cryptocurrencies. While they maintain a selective stance towards newcomers, they provide an invaluable resource for thorough and reliable market data. Kraken offers a suite of sophisticated tools designed for the discerning trader. This platform is tailored for those who are well-versed in the nuances of crypto trading, providing advanced functionalities that might be a bit overwhelming for beginners but are gold for experienced traders. Leading the charge with innovation in speed and accessibility is Plus Wallet. Where traditional platforms may require weeks to list new tokens, Plus Wallet streamlines this to under 15 minutes. This rapid listing capability is more than just a convenience—it’s a vital feature that enables projects to launch and scale with incredible speed, harnessing market dynamics effectively and efficiently. 1. Plus Wallet: Token Listing in Less Than 15 Minutes In the dynamic world of cryptocurrency, where each second can alter market landscapes, waiting weeks for a token listing is not just inconvenient—it’s a competitive disadvantage. Plus Wallet eradicates this barrier with a listing process that’s not only swift but revolutionary, allowing tokens to be listed in less than 15 minutes. This acceleration in listing processes means that projects can move from conception to market readiness almost instantaneously, reducing downtime and maximizing momentum. Plus Wallet doesn’t stop at speed; it also places a high priority on security and user empowerment. With state-of-the-art encryption, local storage options for private keys, and modern authentication methods like Face ID and PIN, the platform ensures that user assets are secure and protected. Furthermore, Plus Wallet embraces a philosophy of abundance with its “More is More” approach. This is exemplified in its rewarding features such as Swap to Earn and Refer to Earn, which allow users to earn rewards simply by engaging with the platform and expanding its community. These innovative features ensure that Plus Wallet users not only participate in the crypto economy but thrive within it. 2. CoinMarketCap: The Premier Platform for Established Cryptos Since its launch in 2013, CoinMarketCap (CMC) has been the cornerstone for those looking to keep a pulse on cryptocurrency prices, volumes, and market rankings. Boasting over 200 million monthly visitors, CMC is widely regarded as an essential resource in the crypto community. It offers a user-friendly interface that enables both newcomers and veterans to monitor a broad spectrum of digital assets with ease. However, it’s important to note that CoinMarketCap predominantly caters to more established cryptocurrencies. Those looking to introduce a new token to the market might find the process less than speedy, as CMC employs a thorough and meticulous vetting process. While it excels as a daily tracking tool, burgeoning projects may need to temper their expectations regarding immediate listing. 3. CoinGecko: Your Comprehensive Crypto Guide CoinGecko began its journey in 2014 and has since become akin to a detailed crypto encyclopedia. This platform tracks an impressive roster of over 17,000 cryptocurrencies and more than 500 exchanges. With a user base of 50 million monthly visitors, CoinGecko excels in providing a deep dive into the market’s nuances, featuring extensive charts, graphs, and analyses of social sentiment. This platform is celebrated for its dedication to community engagement and timely updates, making it an excellent resource for beginners and seasoned traders alike. However, similar to CoinMarketCap, CoinGecko presents certain challenges for newcomers trying to list lesser-known coins, with stringent criteria that can be tough to navigate for emerging tokens. 4. Kraken: A Haven for Expert Traders Kraken, established in 2011, stands as one of the oldest and most respected crypto exchanges. It offers a sophisticated array of trading options across two platforms: Kraken for general trading and Kraken Pro for advanced users. With capabilities like margin trading, futures, and complex order types, Kraken is tailored for traders who seek to go beyond basic transactions. It’s worth noting, however, that Kraken’s services might come at a higher price and its availability is restricted in certain areas of the U.S. Additionally, the platform’s selective listing process means that not all coins, especially newer or less-known ones, will find their way onto the exchange. The Ultimate Takeaway Here are your go-to platforms for promoting your tokens and navigating the exciting landscape of cryptocurrency. Whether you prefer the rapid listing capabilities of Plus Wallet, the established robustness of CoinMarketCap and CoinGecko, or the depth of features offered by Kraken, each platform offers unique advantages to cater to your needs. For those in search of quick market entry, Plus Wallet’s 15-minute listing process is unparalleled. Regardless of your choice, these platforms are equipped to help your token achieve visibility and traction, ensuring a bright future in the dynamic world of cryptocurrencies. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

The crypto world is buzzing with excitement as Filecoin gears up for a potential 30% price surge, driven by the rising demand for decentralized storage solutions. Meanwhile, Chainlink is showing promising signs of recovery with increased whale activity and new partnerships boosting its demand. But this week’s highlight is BlockDAG’s surprise announcement of extending its highly-popular 50% bonus offer until October 21st! Due to popular demand by crypto enthusiasts, BlockDAG has decided to extend the 50% Bonus for just a few more days. Last time when the bonus was announced, whales spent $10 million in 72 hours. This is an indication of how the next few days of the bonus extension can go for BlockDAG. Filecoin Prediction: 30% Price Jump Expected? The recent Filecoin (FIL) prediction suggests a potential 30% price rise, which can push its value to $4.84. This expected growth is driven by the growing need for decentralized storage, as more people and businesses want secure ways to store their data. Filecoin’s tech offers a safe, efficient solution that doesn’t rely on traditional storage methods. With the digital data increasing daily, Filecoin is in a great spot to meet this demand. Investors are watching closely as this growth could further solidify Filecoin’s place in the market. The price increase shows that decentralized storage will play a big role in the future, and Filecoin is at the center of it. Chainlink Price Signals Surge with Whale Activity Chainlink (LINK) shows signs of a potential price recovery, thanks to increased whale activity and new partnerships. Despite the recent market dip, LINK stayed strong and even gained slightly against Bitcoin. Crypto whales have been buying up LINK tokens, which is usually a good sign that they expect the price to rise. Additionally, Chainlink’s technology is being used by Ronin, a gaming blockchain, which has boosted demand for LINK tokens. With more whales accumulating tokens and new real-world use cases, many believe LINK could see a price boost soon. Analysts predict that if LINK breaks through key resistance levels, it could rally as high as $16, making it an exciting token to keep an eye on. BlockDAG Extends 50% Bonus After Huge Demand The crypto community spoke, and BlockDAG listened! Due to the overwhelming demand, the BlockDAG team has announced an extension to its 50% bonus offer, giving everyone until October 21st to grab even more coins. Those who thought they missed out now have another shot at getting involved and stacking up their holdings. The original 50% bonus offer timeline caused a frenzy, with whales jumping in and raising a staggering $10 million in just 72 hours. Currently, BlockDAG has raised nearly $98 million in its presale with over 14.2 billion coins sold. This bonus extension could supercharge the presale even further, and with this kind of momentum, it’s only a matter of time before BlockDAG hits the $100 milestone. The whales are already locked in, and this extra time could bring even more into the BlockDAG community, pushing the project past its next big financial target. With the price of BDAG being $0.0206 in batch 24, early adopters have seen a 1960% ROI since batch 1. So it’s no surprise that crypto enthusiasts are rallying behind BlockDAG right now. For those looking for a golden opportunity in the market, BlockDAG’s 50% bonus extension is the perfect chance to join one of the top crypto projects before it takes off even further. Key Takeaways: Top Crypto to Buy Today In conclusion, the crypto scene is buzzing with exciting opportunities as Filecoin, Chainlink, and BlockDAG make big moves. Filecoin is looking at a possible 30% price jump as demand grows for decentralized storage solutions. Chainlink is also gaining traction, with whales buying up tokens and new partnerships boosting its appeal. Meanwhile, BlockDAG has extended its 50% bonus offer, creating a frenzy among traders who want to grab more coins before the deadline. With the whales already putting in a lot of capital, this could be a golden opportunity for anyone looking to jump into one of the hottest projects in crypto. One last thing to note is that the bonus is still a limited-time offer and just because BlockDAG extended it this time does not mean it will happen again. Discover More About BlockDAG: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Hermetica, the company behind USDh, the first yield-bearing synthetic dollar backed by Bitcoin, is excited to announce that its $1.7 million seed funding round has closed successfully. Key Backers In addition to strategic angels like Tycho Onnasch (founder and CEO of Zest Protocol), Robin Obermaier (founder and CEO of Liquidium), Mithil Thakore (founder and CEO of Velar), Matt Maduno (founder and CEO of Arch Network), and GM Chung (founder and CEO of DeSpread), UTXO Management led the round with support from notable investors CMS Holdings, Ethos Fund, Trust Machines SPV, Newman Capital, and Silvermine. Supporting the USDh’s Growth The USDh will expand more quickly thanks to the capital. USDh may be bought on decentralized exchanges and is natively issued on Bitcoin Layer 1 via Runes and Layer 2 via the Stacks network. USDh is well positioned for quick expansion, since the global stablecoin market has grown by more than 100% year over year to reach over $160 billion, which represents 50% of all on-chain transactions. Only 1% of Bitcoin’s $1.3 trillion market value is locked in DeFi, meaning USDh has an unexplored $1 trillion market to explore. In order to allow Bitcoin market players to safely store dollars without leaving the Bitcoin ecosystem or turning to fiat, Hermetica seeks to let Bitcoin users to hold and trade with a stable, liquid dollar asset redeemable for Bitcoin (1 USDh = 1 USD worth of Bitcoin). Smart contracts and decentralized apps may utilize Bitcoin as a safe foundation layer thanks to Stacks, a Bitcoin L2. Faster speeds and transactions supported by 100% Bitcoin finality are anticipated with the 2024 Nakamoto and sBTC releases. Hermetica Labs CEO Jakob Schillinger said: Looking Ahead The capital generated will support the expansion of USDh’s integrations across the Bitcoin ecosystem, such as scalable off-exchange settlement solutions, institutional-grade custodian collaboarations, and improved liquidity. Building on Bitcoin’s core advantages, Hermetica provides a safe, decentralized substitute for conventional stablecoins backed by fiat. Testimonials by some of our Investors: The team at Hermetica is crypto-native and has extensive knowledge of financial technology, drawing on experience at big companies like State Street and Kraken. Hermetica is committed to developing cutting-edge financial solutions that take use of Bitcoin’s transparency and security.

London, United Kingdom, October 16th, 2024, Chainwire Neon EVM Pioneers the Network Extension Category on Solana, Ushering in a New Era of Unified Growth. Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions fill a critical gap in the Solana ecosystem. By offering a formal category for projects that natively extend Solana’s functionalities, Neon EVM provides clarity to developers, investors, and users alike. Traditionally, the positioning resulted from the inherent nature of Neon EVM and various other projects (MagicBlock, MetaPlex, etc.) since these are not typical Layer 1 or Layer 2 blockchains. Unlike traditional rollups, L2s, or sidechains, Neon EVM is a program deployed directly on Solana’s blockchain and relies upon its settlement, consensus, and data availability. Today, this makes Neon EVM part of an emerging product category known as Network Extensions—a native, composable expansion of Solana’s core capabilities, stirring up debate. The controversy sparking the Network Extensions category Solana’s Network Extensions sparked controversy in September 2024, with co-founder Anatoly Yakovenko calling Ethereum’s L2 solutions “parasitic.” Yakovenko argued that L2s drain liquidity and fragment the ecosystem, a view echoed by Solana advocates who said L2s create a disjointed user experience. In contrast, Yakovenko claimed Solana’s Network Extensions are “natively composable” and enhance the core chain without pulling liquidity. Supporters emphasized that they are not disguised L2s but maintain a direct connection to Solana’s base layer, enabling seamless composability without Ethereum’s issues. Network Extensions differ fundamentally from L2s. Unlocking Seamless Ethereum Compatibility on Solana: Neon EVM as a Native Network Extension Solana sees its Network Extensions as specialised modules that broaden the L1 blockchain’s core functionalities. These extensions natively integrate with the Solana base layer, allowing new capabilities to be added while preserving the core performance and composability of the underlying L1 chain. Neon EVM epitomises this concept by enabling Ethereum compatibility for dApps while maintaining an execution environment with Solana. Neon isn’t a typical L2—it runs as an EVM (Ethereum Virtual Machine) on Solana’s blockchain, providing compatibility with Ethereum-based applications while remaining fully integrated with Solana’s L1. Unlike Optimistic or ZK Rollups, Neon doesn’t process transactions off-chain, but via Neon Proxy. Instead, it allows developers to deploy Ethereum dApps on Solana, leveraging Solana’s core capabilities— and no Rust coding is needed. Neon EVM seamlessly integrates with Solana at the protocol level and maps Ethereum transactions directly into Solana instructions, leveraging Solana’s advanced Sealevel transactional infrastructure. As a result, dApps running on Neon EVM benefit from Solana’s high-throughput environment and unparalleled scalability, enabling parallel processing and efficient execution. This technology positions Neon EVM as a key player in enhancing the accessibility and composability of blockchain applications to the Solana ecosystem. The Solana Foundation team has reiterated Neon EVM’s role as a Network Extension on social media platform X, as seen in the post below, while Anatoly Yakovenko, co-founder of Solana, has clearly stated that Neon EVM is definitely not an L2. Davide Menegaldo, CCO of Neon EVM and highlights the importance of network extensions, stating, “Network Extensions offer a powerful way to enhance and augment the capabilities of blockchain networks like Solana without the downsides typically associated with traditional scalability solutions.” Menegaldo further takes a deep dive and explains the key to determining Network Extensions: – Unified Liquidity: By operating within the same liquidity pool, Network Extensions prevent the liquidity fragmentation that often occurs with Layer 2s or sidechains, ensuring a more unified and efficient ecosystem. -Enhanced User Experience: The user gets to use native wallets and tools with ease, abstracting away all complexities associated with multi-chain and fragmented environments. – Remains native to the host chain, extending core functionality: Network Extensions are deeply integrated into the base layer and do not compete with or directly overlap it. They expand Solana’s capabilities by adding new features, new execution environments, storage or consensus capabilities, NFT functionalities without replacing the core functionalities of the underlying Solana environment. Projects like MagicBlock with Ephemeral rollups, and MarginFi, are creating tools, services, and infrastructure that don’t always fit into well-defined single categories of L1 and L2 terminologies. To fully comply with the definition of Network Extensions, Neon EVM will abstract away the complexities of the EVM layer, ensuring a seamless experience for users. EVM developers can fast-track their deployment on Solana without needing to chart the complexities of Rust. Solana users can interact with these dApps through their preferred wallets, such as Phantom, Backpack, or Solflare, paying gas fees in Solana-native currency. This composable and intuitive user experience ensures that while the technology behind these applications is Ethereum-compatible, the end-user will benefit from a unified user experience – without even noticing the underlying Ethereum-like codebase powering the dApps. Neon EVM drives innovation in Solana, expanding beyond traditional blockchain models Network Extensions in the Solana ecosystem are setting a new precedent for how blockchain infrastructure can evolve beyond the traditional L1 and L2 models. As Solana continues its growth trajectory with Firedancer and many upcoming updates, Neon EVM is poised to play a pivotal role in accelerating innovation, bringing unparalleled growth opportunities to developers and users alike. The future of blockchain is extensible, and Neon EVM is poised to lead the charge beyond the standard pathways. About Neon EVM Neon EVM is the first of its kind—a Network Extension on Solana—designed to seamlessly integrate Ethereum Virtual Machine (EVM) compatibility into Solana’s high-performance ecosystem. By operating natively within Solana’s base layer, Neon EVM provides Ethereum developers with a fast, high-throughput pathway to deploy their EVM dApps on Solana, without the need Rust coding, separate blockchain layers, or fragmented liquidity. It enhances the composability of dApps while preserving Solana’s core advantages. Neon EVM expands Solana’s capabilities, offering a unified experience where Ethereum-based projects can thrive with the speed and scalability Solana is known for. For more information about Neon EVM, users can visit neonevm.org and connect with the community on Twitter or Discord. Contact Marketing Manager Shailey Singh Neon EVM [email protected]

In the crypto world, timing is everything! When trends shift, enthusiasts quickly adapt to boost their portfolios. Recently, BONK has grown by 25%, drawing attention from investors. Likewise, PEPE has surged by 39% in price. However, BlockDAG has shaken the market by extending its 50% bonus offer until October 21st. This extension follows a staggering $10 million raise in its presale funds within just 72 hours, signalling that BlockDAG is shaping up to be a game-changer for those eyeing the best long-term crypto. BONK Growth Soars 25%: Can It Beat Stability Concerns? Recently, BONK has gained considerable attention with its 25% growth in the last week, appealing to investors interested in meme-based tokens. This playful Shiba Inu-themed coin has attracted a dedicated following, helping its price rise steadily. However, despite its current momentum, there are still concerns about long-term stability. BONK’s reliance on hype could lead to unpredictable price swings, making it risky for those seeking long-term gains. While BONK’s recent performance is impressive, investors are cautious, as these gains may not be sustainable in the upcoming months. PEPE Price Surge 39%, Analysts Highlight Potential Risks PEPE has made headlines with a 39% price surge over the past month. This rise has been driven by strong community backing, helping PEPE secure a place among top-performing meme coins. However, analysts argue that this upward momentum may not last, as meme coins are prone to sharp corrections. The surge in price may be short-lived, with experts suggesting that PEPE’s potential for another parabolic run looks unlikely. Investors should consider the risk of a downturn, as PEPE’s volatility makes it vulnerable to sudden drops. BlockDAG’s 50% Bonus Offer Extended – $10M Raised in 72 Hours BlockDAG has once again captured the attention of crypto fans by extending its 50% bonus offer until October 21st. This extension allows enthusiasts to claim even more BDAG coins by using the code BDAG50 at checkout, boosting their holdings significantly. This decision follows BlockDAG’s impressive $10 million raise in 72 hours, driven by significant whale activity. With such momentum, many are eager to take advantage of this rare opportunity before it’s too late. As the extended deadline looms, speculation is building about an even greater rush to the BlockDAG network. The massive crypto fans inflow has already propelled its presale funds to over $98 million. With over 14.2 billion BDAG coins sold to over 140,000 unique holders, BlockDAG is expanding its global reach, enabling everyone to access the blockchain. BlockDAG is preparing for a major update with its website rebranding, a significant step in the project’s progress. This upgrade promises to provide users with deeper insights into BlockDAG’s innovative technology and growing ecosystem, driving even more excitement within the crypto community. As more crypto enthusiasts flock to BlockDAG, BDAG coin prices keep rising with each batch. Currently, in batch 24, the price stands at $0.0206, reflecting a massive 1960% rise from its initial offering of $0.001. BlockDAG’s rapid presale success, combined with this bonus offer, is driving intense demand for BDAG coins. With this increased demand, the current presale batch is about to sell out soon, triggering a sharp increase in BDAG coin prices. Now could be the perfect time to jump into this rapidly growing project before the bonus offer slips away and BDAG coin prices skyrocket. Best Long-Term Crypto BONK growth and PEPE price surge have made waves, with meme coin enthusiasts seeing notable short-term gains. However, these coins face uncertainty, with volatility casting doubt on their long-term potential. On the other hand, BlockDAG continues to dominate the presale market, raising $98 million and extending its 50% bonus offer until October 21st. With over 14.2 billion BDAG coins sold and prices expected to rise further, BlockDAG stands out as the best long-term crypto to buy in 2024. The current presale batch is selling out fast, making this a crucial moment to capitalise on the extended bonus offer before prices increase. Join BlockDAG – Act Now Before Prices Increase: Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetwork Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

As the broader crypto market starts to rebound, Bitcoin is once more in the forefront and crosses the $67,000 barrier. Bitcoin is trading roughly $67,150 as of October 16, a good 4% increase in just 24 hours. Given that it represents the crypto’s highest price point since late July, this spike is notable. The recent rally saw spot Bitcoin exchange-traded funds (ETFs) garner the largest single-day inflow of capital in over four months. Bitcoin jumped to $67,820 before stabilizing to the $67,000 level at the time of writing. It appears momentum is gaining, with growing attention from investors in this space. Key Factors Driving Bitcoin’s Increase The response of the global market to recent updates from China is one of the key forces behind the increase of Bitcoin. The nation has been trying hard to resuscitate its economy, and its most recent stimulus announcement begs numerous questions about whether it is sufficient. Some speculators have switched their attention from Chinese stocks to cryptocurrencies like Bitcoin since economists feel China’s attempts to control deflation are failing. Bloomberg claims that this trend points to an increasing curiosity in Bitcoin as a safer investment. Another clear indication of good momentum are flows into spot Bitcoin ETFs. Following a little period of outflows, these ETFs showed a dramatic change on October 14, topping $253 million in capital inflows. This trend suggests that there may be less selling pressure on Bitcoin, so indicating fresh investor confidence. Impact Of US Election The approaching US presidential election is also driving Bitcoin’s surge. Prediction markets today reflect a change favoring Republican candidate Donald Trump, who is pro-crypto, over Democratic Vice President Kamala Harris. Based on Polymarket’s betting statistics, consumers think Trump has a 58% chance of winning, therefore clearly surpassing Harris. Given investors’ view of cryptocurrencies as a counterpoint to conventional financial systems, this political environment adds to Bitcoin’s appeal. The sentiment of the market on the elections can inspire more speculative crypto investments, so increasing the price of Bitcoin. Liquidations And Market Perception The abrupt price increase has also driven crypto liquidations above $300 million throughout the past 24 hours. Most of these were short-BTC, meaning many traders anticipated declining prices. Many see Bitcoin as a risk asset, so a significant increase in the US stock market could have helped to inspire a fresh “hunger” for it. Meanwhile, higher stock prices along with lower Federal Reserve funding rates can be encouraging market liquidity. When Bitcoin, eventually, displays seasonal strength during the fourth quarter, then it’s only a period when the trends related with these factors would play out in the next couple of weeks. Featured image from Homebuilding & Renovating, chart from TradingView