Cryptocurrency market sees positive inflow for third consecutive day. XRP price nears $0.560 resistance, trading at $0.54. Technical indicators show mixed signals, with potential targets at $0.630 or $0.4880. Ripple’s XRP finds itself at a critical juncture as the cryptocurrency market enters the third week of October on a positive note. With the broader market experiencing its third consecutive day of positive inflows, major tokens have regained upward momentum in their valuations. XRP, currently trading at $0.54, stands on the verge of a potential breakout from its crucial resistance zone around $0.560. With a trading volume of $1.198 billion and a market capitalization of $30.7 billion, XRP maintains its position as a significant player in the cryptocurrency ecosystem. XRP technical indicators shows mixed picture Technical indicators present a mixed picture for XRP’s near-term prospects. The 50-day and 200-day Exponential Moving Averages (EMAs) have shown a notable downtrend in recent days, acting as resistance to price action. The potential formation of a “Death Cross” – where the short-term moving average crosses below the long-term moving average – suggests weakening buying pressure in the market. Further complicating the technical landscape, the Relative Strength Index (RSI) has struggled to breach the neutral point on the daily timeframe. This failure, coupled with a sharp decline in RSI values, hints at the possibility of a bearish crossover. These technical signals collectively point towards a potentially negative outlook in the short term. Looking ahead, XRP’s price trajectory hinges on its ability to overcome the $0.560 resistance zone. A successful breakout could pave the way for a rally towards the $0.630 level in the coming weeks, aligning with the optimistic “Uptober” sentiment.

ETH breaches $2,579 resistance, triggering movement of dormant coins. Age consumed metric spikes 400%, reaching 66.42 million. Potential price targets: $2,320 if bearish, $3,102 if bullish momentum continues. Ethereum has reached a critical juncture as its price surpassed the $2,579 resistance level on Monday, catalyzing a significant shift in market dynamics. This breakthrough has prompted a wave of activity among long-term holders, with older, less active coins suddenly changing hands. The movement of these dormant assets, particularly their apparent flow towards cryptocurrency exchanges, raises questions about Ethereum’s short-term price trajectory. The broader cryptocurrency market has witnessed a sentiment shift from neutral to greed, accompanied by increased trading activity. Ethereum’s price has responded with a surge recently. However, this price rally has had an unexpected consequence: the reactivation of long-held coins. Ethereum’s age consumed metric shows surge Santiment’s data reveals a remarkable 400% spike in Ethereum’s age consumed metric, reaching 66.42 million – its highest level since October 4. This surge indicates a substantial movement of previously inactive coins, suggesting that long-term holders are seizing the opportunity presented by the recent price appreciation. However, the concurrent increase in Ethereum’s exchange netflow volume paints a potentially concerning picture. On Monday alone, 51,881 ETH coins, valued at over $135 million, were transferred to cryptocurrency exchanges. Source: Glassnode This influx of coins to trading platforms often signals an increase in selling pressure, as more investors appear to be liquidating their holdings than acquiring new positions. Looking ahead, Ethereum’s price action may hinge on the balance between this emerging selling pressure and potential new demand. If selling activity intensifies, ETH could retest the $2,579 level as support. A failure to hold this threshold could lead to a further decline towards $2,320, representing a 10% drop from its current value of $2,616. Conversely, if selling pressure subsides and fresh demand enters the market, Ethereum could invalidate the bearish scenario and continue its upward trajectory. In this optimistic scenario, ETH’s next major resistance lies at $3,102, presenting a significant upside potential for the asset.

Ethereum (ETH) has surged above $2,500, now testing a critical supply level that could spark a massive rally for both ETH and altcoins. After several days of anxiety and uncertainty, yesterday’s market surge has reignited optimism across the crypto space. Investors and traders are closely watching Ethereum’s price action, as a break above this crucial zone could signal the start of a significant upward trend, potentially setting the stage for an Altseason. Top analysts and investors await confirmation that ETH is poised to rally soon. Carl Runefelt, a well-known analyst and investor, has shared his technical analysis on Ethereum, suggesting that the long-awaited rally may be just around the corner. According to Runefelt, ETH’s breakout from the current supply zone could lead to a substantial price surge, attracting bullish momentum for Ethereum and a broader range of altcoins. The next few days are critical for Ethereum’s price action as the market awaits signals that could define the direction of this potential rally. Investors remain optimistic, anticipating that ETH could lead the market into its next major bullish phase. Ethereum Testing Crucial Supply Ethereum has been trading within a bullish triangle formation since early August, and the moment of truth for a potential breakout may be close. ETH has underperformed BTC throughout the year, causing many investors and traders to question ETH’s strength during this cycle. This trend led to a shift in confidence as Bitcoin continued to dominate, leaving Ethereum behind. However, during yesterday’s market pump, Ethereum showed renewed strength, outperforming Bitcoin for the first time in a while, signaling a possible shift in market dynamics. Prominent crypto analyst Carl Runefelt recently shared a technical analysis on X, highlighting Ethereum’s imminent breakout from the bullish triangle pattern. According to Runefelt, Ethereum is approaching a key moment, and a breakout from this pattern could lead to a major rally. He suggests that once ETH breaks through, the next supply zone to target is around $3,400, representing a significant upward move from current levels. This optimistic outlook comes from renewed positive sentiment across the market and Ethereum’s improved price action. Traders and investors are closely watching the next few days, as a successful breakout could mark the beginning of Ethereum’s long-awaited bullish trend and re-establish its strength relative to Bitcoin. ETH Technical Levels To Watch Ethereum is trading at $2,611 after a notable 7% surge yesterday. This upward momentum allowed the price to break past the $2,500 mark, a critical resistance level pushing the price down since the beginning of October. Now, Ethereum is less than 8% away from the 200-day exponential moving average (EMA), currently at $2,806. For bulls to gain control and establish a sustained uptrend, ETH must reclaim this 200-day EMA and close above the $2,800 level. Doing so would signal a continuation of bullish momentum and set the stage for a potential rally to higher price levels. On the other hand, if Ethereum fails to hold above the $2,500 support level, a deeper correction may be on the horizon. In that case, the price could return to $2,300, where stronger demand may help stabilize the market. The next few days are crucial for Ethereum, as traders and investors are watching closely to see whether the price can hold its recent gains and break through key resistance levels. Featured image from Dall-E, chart from TradingView

ADA faces significant resistance at $0.39 with 2 billion tokens held by 161,740 addresses. Recent surge in profit-taking, with 4 billion ADA transacted on October 14. Head and shoulders pattern suggests potential pullback to $0.31, unless buying pressure increases. Cardano (ADA) finds itself at a critical juncture as it approaches a formidable resistance level, despite recent price appreciation. This resistance stems from a substantial number of addresses holding ADA at unrealized losses, potentially poised to exit their positions. The current market sentiment remains divided, with the possibility of a correction or consolidation looming if ADA fails to breach this barrier. The In/Out of Money Around Price (IOMAP) model reveals a significant resistance zone at $0.39, where approximately 161,740 addresses hold over 2 billion ADA tokens. This concentration of “out of the money” addresses suggests a potential sell wall, as holders may be inclined to liquidate their positions to mitigate losses. The strength of this resistance could prove challenging for ADA to overcome without substantial buying pressure. Cardano experiences surge in profit taking Adding to the bearish signals, Cardano has experienced a surge in profit-taking. Santiment data indicates that daily on-chain transactions in profit spiked to 4 billion ADA on October 14, representing approximately $1.44 billion in realized gains. This increase in selling activity could potentially outweigh upward momentum, making it difficult for ADA to sustain further price appreciation. Source: Santiment Technical analysis of ADA’s daily chart reveals the formation of a head and shoulders pattern, typically interpreted as a bearish reversal signal. This pattern suggests that Cardano’s recent uptrend may be nearing its conclusion, potentially leading to a price retracement towards the $0.31 level. However, the bearish scenario could be invalidated if a substantial surge in buying pressure materializes. For ADA to overcome the current resistance and continue its upward trajectory, trading volume would need to match or exceed the levels observed at the $0.39 resistance point. In such a scenario, Cardano could potentially rally towards $0.45, reversing the bearish pattern and resuming its upward movement.

The reason behind the stagnant XRP price growth has remained a mystery, with many crypto analysts pointing to legal disputes and market volatility as key factors holding back its momentum. However, even during favorable market conditions and after gaining legal clarity following multiple Ripple Court wins against the United States Securities and Exchange Commission (SEC), XRP has still failed to experience a notable upward surge. As a result, investors have questioned the cryptocurrency’s sluggish price growth, prompting a crypto analyst to provide a detailed explanation of why XRP remains at a low price, barely showing signs of a feasible rally. Why XRP Price Struggles To Gain Momentum On October 13, a crypto analyst and researcher known as ‘Crypto Tank’ took to X (formerly Twitter) to discuss the reasons why the XRP price is not moving. In the lengthy X post, the analyst explained that the XRP price was determined by dividing the volume of XRP actively being used on the ledger by its circulating supply. According to Crypto Tank, XRP investors have this misconception that the total XRP in circulation is about 56 billion. However, this figure is misleading as a large portion of XRP’s supply is held in various private wallets by large-scale holders, also called “Whales.” This means that most of XRP’s supply is not actively being used in the market, but is held firmly in these wallets. The analyst revealed that what truly matters for XRP’s price movements is how much of the circulating supply is used to actively engage in transactions on the XRP ledger. Currently, only about 20% of the total XRP supply is actively engaged on the XRP Ledger daily. For XRP to be used to execute transactions, it often needs to be paired with Automated Market Makers (AMMs), which provide liquidity during trades. These liquidity pools are important for XRP to conduct global settlements, as only ample liquidity can facilitate these enormous transactions which extend to trillions of dollars. This need for substantial liquidity in the XRP Ledger is what limits its price movements. Following the analyst’s report, it is clear that XRP’s price struggles are more complicated than mere market volatility. Its ongoing legal dispute with the SEC also adds uncertainty to any potential price increases in the future. Analyst Unveils XRP Road Map To $500 While discussing the reasons why XRP’s price has remained stagnant, Crypto Tank also unveiled a road map for how XRP could reach $500. The analyst explains that if XRP could become widely adopted for global settlements like SWIFT, it could potentially reach this price target. He disclosed that an increase in market capitalization or retail investors does not matter, as XRP would only surge to the projected $500 price if it can handle large institutional transactions through deep liquidity pools and AMMs.

As the year draws to a close, the crypto market experiences significant shifts, with traders searching for the most promising crypto purchases for optimal returns. Bitcoin’s price forecast remains a key topic, as the market prepares for potential sharp movements, signaling an eventful year-end. The AVAX price review also presents a complex interplay of declines and advances, indicating a challenging yet active trading environment. In the presale sector, BlockDAG continues to expand, seemingly unaffected by market shifts. Its mining sales have reached over $5.2 million, while total presale revenue has nearly hit $97 million. This growing interest from miners suggests that BlockDAG is thriving, not only in presales but also in the mining sector. Will Bitcoin’s Price Forecasts Exceed Expectations? The cryptocurrency sector closely monitors Bitcoin, especially during times of high volatility. Currently, the focus is on whether Bitcoin’s price trends will show significant movements, prompted by substantial upcoming liquidation levels that may drive major trading decisions. Last week, Bitcoin saw numerous long positions accumulate on major exchanges, creating large liquidation pools. The critical Bitcoin price forecast positions the cryptocurrency near $60K, with a two-week analysis indicating a possible climb towards the $67K mark. As market conditions evolve, Bitcoin maintains its resilience, staying above key support levels and potentially climbing higher. AVAX Price Review: Assessing Recent Market Movements AVAX has demonstrated fluctuating performance, with prices ranging between $24.21 and $29.39. Recent AVAX price reviews show a modest rise of about 2.5% over the last week, with a near 14% increase over the past month, demonstrating some stability. However, AVAX also sees a notable 42% drop over the past six months. Should AVAX surpass the $31.84 resistance level, it could achieve higher prices. Conversely, a drop below the $21.48 support could lead to further declines, marking crucial points for future market directions. BlockDAG Mining Revenue Crosses $5.2M as Presale Approaches $100M BlockDAG has become increasingly popular among crypto miners. Mining sales have climbed to $5.2 million, with presale figures nearing $100 million. This milestone reflects growing confidence among crypto traders and miners, with a significant influx into BlockDAG’s mining community and sales of over 13,000 mining units. This indicates that BlockDAG is redefining standards in crypto mining. Crypto miners are gravitating towards BlockDAG due to the user-friendly nature of its X series mining rigs, known for their advanced capabilities and ease of use, making mining accessible to both veterans and beginners alike. Moreover, BlockDAG’s focus on user-friendly features and mobile accessibility enhances the mining experience, enabling users to participate in mining seamlessly from anywhere. This inclusiveness is proving profitable, especially for early miners benefiting from the platform’s initial stages. The presale’s momentum continues to build, with total sales now at almost $97 million. BDAG coins are currently priced attractively at $0.0206 in Batch 24 of the presale, with over 14.1 billion coins sold and early buyers seeing a 1960% ROI, highlighting BlockDAG’s strong appeal. Where to Invest as The Year Ends? As the year concludes, the cryptocurrency market is filled with uncertainties. Bitcoin’s price forecast hints at potential spikes, suggesting an unpredictable yet promising future. Similarly, AVAX’s market review depicts fluctuations, while BlockDAG’s mining sales have soared to $5.2 million and presale to almost $97 million. BlockDAG is earning trust among traders and miners, becoming a favored choice for mining promising cryptocurrencies, poised for significant growth post-launch. With time limited for this opportunity, interested parties should consider acting swiftly. 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.

Bitcoin has recently shown significant momentum, reaching its highest level since July, briefly touching $67,900 and recovering 7%. This surge follows a dip to $58,900 at the end of last week, further fueling bullish sentiment among investors optimistic about the cryptocurrency’s potential to reach new heights before the end of the year. However, according to research from multinational bank Standard Chartered, this optimistic outlook may be realized even sooner than expected. Key Factors Behind BTC’s Price Surge Geoff Kendrick, the head of digital asset research at Standard Chartered, recently estimated that the Bitcoin price could hit $73,800 ahead of the US presidential election on Tuesday November 5 , representing a 10% increase from current levels. particularly in relation to one of the largest public BTC holders, MicroStrategy, which recently increased its holdings to 252,000 BTC, led by the vision of co-founder and renowned Bitcoin bull Michael Saylor. Historically, MicroStrategy and Bitcoin have traded in tandem; however, Kendrick notes that MicroStrategy’s stock has recently outperformed Bitcoin, suggesting a developing premium that could drive Bitcoin prices higher in the coming days. Two key factors underpin this bullish outlook. The first is the news, reported by Bitcoinist last month, that BNY Mellon has received an exemption from SAB 121, a regulation that requires financial institutions to list cryptocurrencies on their balance sheets. Kendrick explains that such regulatory relief is often seen as a positive signal for the broader Bitcoin market, potentially encouraging wider institutional adoption and therefore acting as a bullish catalyst for the ongoing rally seen in recent days. The second factor relates to MicroStrategy’s declared intention to evolve into a “Bitcoin bank,” which would involve offering Bitcoin capital market instruments. Kendrick believes that future exemptions could enable the firm to generate yield by lending out its Bitcoin holdings. The analyst argues that as the digital asset ecosystem gains legitimacy and accessibility, MicroStrategy’s valuation should rise, further benefiting BTC’s price over the long term. Both Presidential Candidates Could Boost Bitcoin price Regarding the upcoming presidential election, Kendrick views the outcome as secondary to these fundamental factors. He asserts that regardless of whether Donald Trump or Kamala Harris wins, the broader digital asset ecosystem is increasingly poised to become mainstream. While Kendrick has previously suggested that a Trump presidency would be the most beneficial scenario for BTC, with notable proposals for the industry including the establishment of a Bitcoin reserve for the country, he maintains that both candidates could positively impact the asset in the long term. In fact, Kendrick projects that if Trump regains the presidency, the Bitcoin price could soar to as high as $125,000 by the end of 2024. At the time of writing, BTC trades at $67,000, still holding to some of its gains of 2% in the 24-hour time frame despite quickly retracing before hitting $68,000. Featured image from DALL-E, chart from TradingView.com

As this year comes to a close, experts are selecting top assets for 2025. Stellar (XLM) and Ripple (XRP) are trending upward despite a tough 2024. Yet, BlockDAG, with its advanced layer 1 network, is capturing the spotlight with a significant market rise. Its strong testnet has received rave reviews, even considered a potential challenger to Solana. This stellar performance has attracted significant interest in BlockDAG’s presale, drawing in major backers. With the $100 million milestone in sight, BlockDAG is positioning itself as a leading crypto and one of the most successful presales ever. Stellar (XLM): Gradual Growth in October Stellar, focusing on making international payments easier, has kept a steady presence in the market. Experts predict XLM prices will swing between $0.09 and $0.26 in 2024, with an average likely around $0.17, indicating steady, modest growth. By 2025, XLM might rise to $0.27, with chances of price changes. Looking forward to 2026, forecasts for Stellar vary greatly, with a possible high of $0.48 or a low of $0.14. Unless Stellar finds a unique market niche like Bitcoin or Ethereum, its price will likely follow general market trends. However, with a proven history and a focus on making scaling and access better, Stellar is seen as a solid long-term purchasing. Ripple (XRP): Facing Challenges in Q4 XRP has had a roller-coaster year with price fluctuations and legal challenges affecting buyer confidence. The ongoing legal issues with the SEC continue, but XRP has managed to stay resilient. Recently, XRP’s price rose by 8.7% in two weeks to $0.58. Experts think that if XRP can break past the $0.60 resistance, it might climb to $0.64, suggesting a hopeful future for holders. However, challenges lie ahead. If prices fall below crucial levels, XRP might drop to $0.50. Despite these hurdles, the expected launch of RLUSD on the Ripple blockchain and ongoing demand for international payment solutions could push XRP’s price to $0.69 by October 2024. Despite regulatory challenges, XRP’s long-term potential looks promising. Is BlockDAG (BDAG) the Ultimate Kaspa Killer? BlockDAG’s testnet, which launched on September 20, 2024, has made a big splash, demonstrating the strength and possibilities of its base blockchain technology. This advanced testnet lets users delve into features such as the Blockchain Explorer, which provides in-depth views of block data and tracks transactions. Supporting both UTXO and Account-Based addresses, the explorer ensures users have a smooth experience. Additionally, the testnet allows for the creation of BDAG coins through a blockchain faucet and for testing smart contracts, creating a dynamic environment for developers and testers. The testnet’s robust performance has ignited a lot of interest in BlockDAG’s current presale, drawing in significant support from major crypto backers. These early supporters have bought millions, quickly advancing the presale’s success. In just three days, over $10 million was raised, speeding up BlockDAG’s momentum. This influx of funds is setting BlockDAG on track to surpass the $100 million milestone, aiming to make it one of the most successful presales in crypto history. BlockDAG’s ecosystem isn’t just catching eyes for its tech skills but also for its potential to outdo competitors. Some experts are already suggesting it might outshine top cryptos like Solana in terms of scalability and efficiency. The testnet ‘s support for EVM transactions and real-time monitoring positions BlockDAG as a highly efficient and secure system that is ready to rival the best in the business. As the presale continues to build momentum, BlockDAG is quickly becoming a preferred choice for those looking for substantial returns. The mix of a high-performing testnet, solid support from big backers, and its pioneering blockchain environment has positioned BlockDAG as one of the leading cryptos to watch, increasing excitement for its full launch. The race to $100 million is progressing well, with BlockDAG gearing up to significantly reshape the crypto market. The Final Verdict While Stellar (XLM) and Ripple (XRP) are seeing predictions of steady growth, BlockDAG is emerging as the leading crypto to watch for impressive returns. Its testnet , launched in September 2024, has shown remarkable efficiency and scalability, attracting substantial backing to its presale. Within just 72 hours, it gathered over $10 million, moving the presale toward the $100 million target. With forecasts suggesting it could reach up to $30 post-launch, BlockDAG is on its way to becoming one of the most triumphant presales ever, offering a significant opportunity for those looking to buy in the next major crypto breakthrough. Join BlockDAG Presale Now: 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.

Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has issued a stark warning about an impending financial crisis that he believes will lead to a significant market downturn, including a potential Bitcoin crash to $5,000 per coin. In a post on X today, Kiyosaki elaborated on his views regarding the current economic climate, drawing parallels to the 2008 Global Financial Crisis (GFC). Why Bitcoin Could Crash To $5,000 Kiyosaki revisited the events of 2008, referring to the GFC as a pivotal moment when, in his view, “the criminals at the Fed and Treasury began printing trillions of fake dollars in an attempt to stop a Global ‘F-ing’ Depression.” He argued that these measures were taken to save “their ultra-rich friends,” while the general public was left to suffer the consequences. According to Kiyosaki, the massive influx of newly printed money led to what he describes as “The Everything Bubble,” a phenomenon where all markets began to rise artificially, “floating on a sea of fake money.” He believes that this bubble is unsustainable and is on the verge of transforming into “The Everything Crash.” He warns that “everything will crash, including gold, silver, and Bitcoin,” suggesting that the market is approaching a critical point akin to a “blow-off top.” Kiyosaki emphasizes that this impending crash could be detrimental for most people, potentially leading to a global depression that was narrowly avoided in 2008. He urges individuals not to be complacent or comfortable in what he considers a “fake bubble,” and to instead prepare for the forthcoming economic downturn. He points out that prominent investors are already taking action by selling “overpriced” assets and converting them into cash. The best-selling author cites Warren Buffett as an example, noting that Buffett has reportedly been selling his Apple shares and accumulating large reserves of US dollars. Despite the grim outlook, Kiyosaki sees the anticipated crash as an opportunity for those who are prepared. He encourages people to take proactive steps, even if they currently lack financial resources. “After the everything crash….that follows the everything bubble….the prepared will get really rich…I plan on being one of the prepared…I plan on becoming even richer….and I want you to become richer too,” Kiyosaki remarked. Specifically regarding Bitcoin, Kiyosaki predicts that the cryptocurrency could plummet to $5,000 during the crash. However, he also forecasts a dramatic rebound, with Bitcoin potentially soaring to $100,000 or even $250,000 and beyond after the market stabilizes. “Take Bitcoin for example… it may crash to $5000 a coin….then boom to $100,000 to $250,000 and higher. Obviously, I will be buying all the Bitcoin I can, as well as other assets, at bargain basement prices,” he stated. Throughout his post, Kiyosaki maintains a critical stance toward the Federal Reserve and the US Treasury, whom he accuses of perpetuating a flawed financial system that benefits a select few at the expense of the majority. He concludes, “I want you to be one of the rich…not one of the victims of the criminal Fed and Treasury.” At press time, BTC traded at $65,657.

Worldcoin (WLD) is showing signs of a strong upward push, gaining traction toward the $3.2 key resistance level. As market optimism builds, many are wondering whether Worldcoin is on the verge of a major breakout that could propel it to new highs or if current gains might face resistance in the near term. With growing momentum in its favor, this analysis explores the recent bullish momentum behind WLD and assesses whether it has the potential to trigger a major breakout. By evaluating key resistance levels, technical indicators, and overall market sentiment, we seek to determine if this rally can push the token to new highs or if a reversal is on the horizon. Analyzing Recent Gains Of Worldcoin WLD is currently trading above the 4-hour 100-day Simple Moving Average (SMA), indicating a robust bullish trend. The recent breakout above the key $2.1 resistance level further strengthens its upward momentum, suggesting that buyers are actively pushing the price higher. Should WLD maintain its position above this key threshold, it could open the door for more gains, with the next target potentially set at the $3.2 resistance level in the near future. An analysis of the 4-hour Relative Strength Index (RSI) reveals renewed bullish potential, as the RSI has surged to 77% after dipping to 52%. A reading above 70% often signals that an asset is approaching overbought conditions, indicating that WLD could experience short-term consolidation or profit-taking. However, if the buying pressure persists, it could lead to further upward movement, driving the price toward higher resistance levels. Furthermore, the daily chart shows that Worldcoin is experiencing considerable pressure on the upside, characterized by a series of bullish candlestick formations. This positive trend is underscored by the asset’s position above the critical $2.1 support level and the 100-day SMA. As WLD maintains this upward trajectory, it reinforces optimistic sentiment in the market, setting the stage for potential gains as it approaches higher resistance levels. Lastly, the RSI on the daily chart is currently positioned at 72%, well above the pivotal 50% threshold, which suggests that buying pressure significantly outweighs selling pressure in the market. Can WLD Maintain Its Uptrend, Or Will Bears Intervene? WLD is currently exhibiting strong, upbeat momentum as it approaches the $3.2 resistance level. A successful breakout above this mark could unlock additional gains, potentially driving the price toward the $5.2 resistance level. Conversely, if bears take control at the $3.2 resistance level, the price may start to decline toward the $2.1 support range. A drop below this level could trigger a deeper decline, possibly leading to a test of the $1.2 support level and beyond.

Bitcoin investors are still dwelling in excitement in light of a recent breakout towards $66,000. This rally has reignited bullish sentiment across the market, with many traders now anticipating higher highs for Bitcoin and other cryptocurrencies. According to a crypto analyst, this breakout has seen the stochastic indicator print a signal to a rally that could send Bitcoin to the $500,000 price target. Stochastic Breakout To Send BTC Price Above $500,000 Taking to social media platform X, a crypto analyst known as Tarder Tardigrade highlighted an interesting price breakout with the Stochastic Indicator. The stochastic oscillator is a momentum indicator used in technical analysis to measure the closing price of an asset relative to its price range over a specified period. Like the RSI, it can help to identify overbought or oversold conditions. In Trader Tardigrade’s analysis, which was accompanied by a detailed BTCUSD monthly candlestick chart, he pointed out that the stochastic indicator has been steadily moving downward and remained confined within a falling wedge pattern for most of 2024. However, the recent rally in Bitcoin’s price, which was first observed in September and has now resumed in October, triggered a notable breakout from this falling wedge The analyst emphasized that this stochastic breakout coincided with the formation of a local bottom in Bitcoin’s price, around the critical $60,000 level. He further noted that this breakout is not just significant in isolation but represents the starting point for what he predicts to be a parabolic rally. According to Trader Tardigrade, this breakout sets the stage for Bitcoin to potentially surge toward the $500,000 price target. When To Expect A $500,000 Bitcoin? This interesting projection of the Bitcoin price is supported by a similar pattern following a previous breakout of the stochastic indicator, which also aligned with a local bottom in late 2016. After that breakout, Bitcoin saw an extraordinary price surge over the subsequent months, culminating in a peak of $19,600 in December 2017. Going by this previous price performance, a similar breakout would see Bitcoin continue to surge throughout the rest of 2024 and the entirety of 2025. Notably, the analyst highlighted a peak of the parabolic rally at $520,000 sometime in 2026. At the time of writing, Bitcoin is trading at $65,750 and has increased by 2.4% in the past 24 hours. A parabolic rally to $520,000 would translate to a 690% increase from the current price. In another analysis of the daily candlestick timeframe chart, Trader Tardigrade highlighted that there are no reasons to be bearish on Bitcoin at the moment. The price is demonstrating strong momentum, having flipped a key descending resistance trendline into support, and is now breaking out of another falling wedge above the descending trendline.

As blockchain-backed digital assets that are anchored to fiat currencies or other assets, stablecoins have become more popular in the global financial scene. These digital currencies promise to transform international finance by providing stable, transparent, and effective cross-border transactions. But because of their quick expansion, regulatory agencies all over the globe are now creating frameworks that strike a balance between innovation and consumer protection. Binance Research has released a report titled “Overview of Global Stablecoin Regulation” to shed light on this development. Facebook’s Libra project in 2019 marked the beginning of stablecoin regulation, which picked up speed after Terra UST’s demise in 2022. Different countries have different regulatory strategies, ranging from the EU’s extensive Markets in Crypto-Assets (MiCA) legislation to the UK’s phased measures. Frameworks for regulating this new financial product are also being introduced in other areas, such as Singapore and Dubai. These initiatives seek to promote the development of blockchain technology and provide legal certainty. There are three types of stablecoins: The most common and regulated is Real-World Asset-Linked, which is supported by fiat currencies. Digital Asset-Backed (supported by cryptocurrency assets such as Ether or Bitcoin). Due to their high risk, several governments have openly banned algorithmic stablecoins, which have lost appeal with the demise of Terra UST. Depending on their underlying assets, stablecoins are classified as either asset-referenced tokens (ARTs) or electronic money tokens (EMTs) under the EU’s MiCA framework, which provides a standardized legal environment. To avoid financial instability, MiCA has strict reserve, governance, and transparency standards. Market players like Circle, which is growing its euro-backed stablecoin EURC across Europe, have been drawn to the rule due to its clarity. In contrast, there is no one federal framework in the United States, and different agencies, such as the SEC and CFTC, implement different rules. If approved, the Lummis-Gillibrand Payment Stablecoin Act would integrate stablecoins with the current financial system, increasing stability. Guidelines allowing banks to issue stablecoins have been released by the Office of the Comptroller of the Currency (OCC), which may help close the gap between regular banking services and digital assets. Fiat-backed stablecoins are the primary emphasis of the UK’s regulatory approach, with laws for other kinds being phased in later. Singapore introduced a single-currency stablecoin regulatory environment aimed at guaranteeing value stability via strict reserve and liquidity requirements, while Japan has also established strong frameworks. Stablecoins, which are backed by reserves or trusted assets, may only be issued by licensed banks and trust businesses in Japan due to recent legal developments. Due to the implementation of certain stablecoin regimes, Dubai and the United Arab Emirates have emerged as leaders in the virtual asset industry. Regulations that differentiate between local and international stablecoins have been transferred from Dubai’s Virtual Assets Regulatory Authority (VARA) to the Central Bank of the United Arab Emirates. Regulations around stablecoins are changing quickly because of international debates over innovation and consumer protection. Cooperation between regulators and industry players will be crucial as the regulatory environment changes to guarantee that stablecoins support stability and financial inclusion.

Singapore, Singapore, October 15th, 2024, Chainwire Popular Memecoins continue to play an influential role in the cryptocurrency market. For exchanges like MEXC, these assets not only increase platform visibility but also provide valuable data on user activity and trading volumes. According to CoinGecko, MEXC ranks as the top platform globally for Memecoin offerings, with over 240 listed pairs, positioning it as the leader in Memecoin variety. With a comprehensive selection of cryptocurrencies, MEXC has emerged as an industry frontrunner. The exchange offers over 3,000 spot trading pairs and more than 500 futures pairs, allowing users to access a diverse range of trading options. This extensive variety appeals to the growing number of users seeking to explore different asset classes, particularly Memecoins. Understanding Memecoins Memecoins are a unique type of cryptocurrency influenced by internet culture and social media trends. Typically community-driven and high in volatility, Memecoins often embody humor or satirical elements from popular internet memes. While their value can fluctuate based on market sentiment, Memecoins remain popular among certain investor groups, though caution is advised due to their inherent risks and limited practical application. Market Movements and Earning Potential on MEXC Data from MEXC indicates notable price surges among Memecoins. For instance, the top 15 Memecoins on MEXC have recorded gains of over 1,400%, with the top 5 seeing increases exceeding 28,000%. MEXC’s rapid listing mechanism is designed to support new and emerging Memecoins, allowing users to trade these tokens in their early stages. One notable example is the BONK token, which MEXC listed in early January 2023. Initially priced at 0.075 USDT, BONK reached a high of 0.05139 USDT on its launch day, resulting in a 2,680% increase. Although the token later experienced price adjustments due to market volatility, BONK’s price surged again following its listing on Binance in December 2023, recording a significant gain from its initial price. Similarly, the recently listed NeiroCTO token saw impressive growth following its initial MEXC listing. Starting at 0.0{4}5 USDT, NeiroCTO surged to a peak of 0.00044012 USDT, yielding a 780.24% increase. MEXC users benefit from such early access, as the platform’s efficient listing process enables them to capitalize on potential market movements. Advantages of Trading on MEXC MEXC has built a reputation as a secure and reliable exchange for users around the globe. The platform offers several advantages: Extensive Token Variety: MEXC leads the industry in cryptocurrency selection, listing many assets at an early stage. This enables users to participate in emerging trends like Memecoins right from their debut. Trading Efficiency: MEXC is designed to support stable transactions and competitive spreads across various trading volumes. Competitive Fees: MEXC offers some of the lowest trading and transfer fees in the industry, allowing users to maximize their returns. MX Airdrop Rewards: Users can participate in MX token airdrops, which have an annual yield of up to 66.5%, providing additional incentives for users trading on the platform. About MEXC Established in 2018, MEXC serves over 10 million users globally, offering a wide array of cryptocurrency trading options and a reputation for low trading fees, liquidity, and industry-leading APY on MX airdrops. MEXC supports a professional trading environment with around-the-clock customer service and multilingual assistance for its user base. Disclaimer Cryptocurrency and Memecoin investments carry significant risks, and past performance is not indicative of future results. MEXC encourages traders to conduct their own research and carefully assess their risk tolerance. Contact Operation Manager Lucia MEXC [email protected]

East Hampton, United States, October 15th, 2024, Chainwire Fission Labs Announces $1.6M Pre-Seed Raise led by SALT Fund, Kraynos Capital; Launches Closed Testnet to Bring VC to DeFi Fission announced today its $1.6M pre-seed funding round led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). Fission, the first DeFi application built to bring venture capital on chain, launched its testnet today on Ethereum. The platform opens a new venue where crypto natives as well as traditional finance participants can invest in and trade private equity-backed tokens, beginning with Fission’s VC secondaries token, TECH. Fission is a global investment platform that simplifies the process of buying and trading private ventures with just a few clicks. Fission offers an end-to-end integrated technology stack that is optimized for bringing private equities on-chain—through tokenization, decentralized exchange, decentralized lending, and automated liquidity provider infrastructure. Investors can easily purchase and trade tokens, backed by top-tier VC-funded companies. Central to Fission’s mission is its robust global community. This is a hands-on opportunity for the community to build Fission’s protocol. To learn more about Fission, or to request access to Fission’s testnet, users can go to: Fission.xyz. About Fission Fission is the first DeFi application built for VC products on Ethereum that integrates tokenization, trading, lending, and automated liquidity provisioning into a simple, intuitive, end-to-end solution. The founders are seasoned CeFi and DeFi experts from Point72, MakerDAO, and Compound and our partners are market leaders in the space. Our mission is to simplify private equity investing for a global community, offering users liquidity and boosted returns. Users can follow Fission on Twitter (X) | LinkedIn Contact CEO Jonathan Shaffer Fission Labs [email protected]

Phlomis Finance plans to use Chromia‘s relational blockchain infrastructure and its custom-built Chromia Real World Assets Protocol (CRWA) to provide cutting-edge tokenization solutions for real-world assets. The project seeks to capitalize on a rapidly expanding sector and is being fostered by the Swedish blockchain firm ChromaWay. The platform seeks to provide crypto investors with access to a variety of traditional financial credit, debt, and equity instruments that have hitherto only been available via well-established financial institutions by tokenizing real-world assets. This strategy aims to lower obstacles and facilitate access to large-scale, institutional-grade assets, such as private credit offerings, climate-focused projects, and international infrastructure projects. The platform will tokenize top funds in Europe and Asia with an emphasis on “resilient investing.” The platform will increase financial and impact outcomes as well as transaction on-chain transparency. Financial markets are expected to undergo substantial changes as a result of the convergence of digital assets and conventional asset classes, including as debt, stocks, real estate, and fiat currencies. Big firms like BlackRock and Bank of America are already realizing how revolutionary this change has the potential to be. Using Chromia’s Real World Asset Protocol is a key component of Phlomis Finance’s approach. There are clear benefits to this approach for tokenizing physical assets. Henrik Hjelte, co-founder of Chromia, stated: Todd Miller, Managing Director of Phlomis, emphasized the challenges that current RWA solutions face, noting: In Q4 2024, Phlomis Finance plans to offer its first tokenized products after launching its website to the public.

Gomble Games, the blockchain division of 111%, has unveiled Launchpool #2, an immersive gaming experience that combines solo gameplay with social team strategies. The GOMBLE SQUAD, a vibrant social gaming platform that fosters teamwork, and EggDrop, a popular hyper-casual game with over 650,000 monthly active players, are integrated in this fresh initiative. The latest iteration, which follows the success of the first Launchpool, includes a dual mechanism that merges the gameplay of EggDrop with the social gaming portal GOMBLE SQUAD. In addition to the overall accomplishments of their SQUAD in GOMBLE SQUAD, players can earn rewards depending on their success in EggDrop. By combining team strategy with individual talent to create engaging and rewarding gameplay, Gomble hopes to increase player engagement. Chris Chang, CBO at Gomble Games stated: Players must carefully drop eggs in EggDrop, an entertaining and very casual game on Telegram that blends simplicity and intense rivalry. The monotonous tap-tap format is broken up with EggDrop, which adds rewards and a strategic PVP gaming aspect. Players may create teams, or SQUADs, using the social gaming portal GOMBLE SQUAD, which is compatible with all of Gomble Games’ games and ecosystem. Players may collaborate, plan, and get rewards depending on the success of their team thanks to this platform’s innovative features. Chris stated: Gomble Games is still committed to fusing cutting-edge Web3 technology with classic gaming. Gomble upholds its goals of providing players with engaging gaming, encouraging community development, and optimizing rewards via Launchpool #2.

New York, New York, October 15th, 2024, Chainwire With the cryptocurrency market entering the final quarter of the year with major bullish momentum, the emerging altcoin platform DTX Exchange (DTX) has made a strong impact. The DeFi platform has raised over $4.75 Million weeks earlier than expected. This early success reflects growing interest in platforms that offer access to a diverse range of assets, including cryptocurrencies, equities, and real-world assets (RWA), under a unified trading system. Innovative Multi-Asset Platform Meeting Market Demand Despite the entry of financial giants like Blackrock and Morgan Stanley into the decentralized world, there is still a lack of a unified platform that integrates conventional assets like equities, stocks, and bonds with decentralized assets like cryptocurrencies. DTX Exchange has aimed to bridge the gap between traditional and decentralized financial markets by allowing users to trade over 100,000 assets on a single platform. This innovative solution makes it possible for traders to access a wide variety of assets under a single platform with minimal trading fees. The global cryptocurrency industry is worth $2 trillion alone, with the broader equities market having over $90 trillion worth of assets. By enabling the trading of these assets, DTX provides traders with the chance to enhance liquidity. The DTX team aims to attract the attention of millions of retail and enterprise traders through this unique feature. Notable Presale Participation and Platform Development DTX Exchange’s presale has seen considerable early participation across its initial rounds. The first round raised approximately $300,000 in a short period, while the second phase exceeded $1 million in total funds raised. The third presale round concluded ahead of schedule, with the platform raising over $4.75 million across all rounds to date. During this time, the token price increased from $0.01 to $0.08, reflecting initial interest in the platform’s offerings. Platform Features and Future Product Expansion DTX Exchange credits its early adoption to its unique product offerings, including: VulcanX Blockchain – This privacy blockchain powers the DTX ecosystem and is the first unified blockchain to support conventional financial assets. With a throughput of over 100,000, this blockchain is expected to power the next decentralized applications of the future. DTX Unified Wallet – The DTX Unified Wallet is the first crypto wallet to support forex, equities, and crypto assets under a single secure application. The product is expected to add features like P2P asset trading and portfolio management tools. Enterprise RWA Platform – DTX is onboarding conventional assets on the blockchain through the Real World Assets (RWA) builder platform. DTX Exchange Sells Out Round 3 In Days In the most recent development, the ongoing presale has sold over 50 million tokens and raised $3 million to sell out the 3rd round weeks ahead of schedule. The DTX team is now raising the token price, giving investors another opportunity to join the presale and secure DTX tokens before they launch on public exchanges. Open Public Trading and Ecosystem Expansion DTX Exchange has outlined its plans to make DTX tokens available for open public trading following the launch of the VulcanX blockchain. With a growing community of over 70,000 members, the platform is preparing for broader accessibility, which may help increase its reach and user base significantly upon public launch. Additionally, DTX also has an active developer community that is actively developing new products. Exploring the DTX Ecosystem – Key Products Aside from offering a suite of trading features, DTX Exchange is expected to offer a wide range of products to developers and enterprise players in the finance world. Some notable products include the Real World Asset (RWA) tokenization tool that allows stakeholders in the Real Estate industry to tokenize assets and introduce new models of investment in illiquid assets. Additionally, DTX is expected to launch the DTX Unified Wallet, which allows holding stocks, cryptos, and forex assets. Additionally, future plans include holding the Digi-Hackathon to improve platform security and integrity. DTX Exchange: Unifying Digital Assets with Strong Growth Potential With the unique approach DTX Exchange has taken to unifying digital assets, its presale performance comes as no surprise. Built on the VulcanX blockchain, the platform is designed to improve transaction capacity compared to many layer-1 blockchains. Given the rapid pace of the presale sold, the altcoin could mirror the past trajectory of other cryptos that had exponential rallies. In the past, projects like Solana, Cardano, Polygon, and Dogecoin have all surged from small-scale altcoins into multi-billion dollar projects that have become household names. DTX Exchange aims to fulfill its potential and turn into a major powerhouse in the coming months. Investors can still become an early part of the DTX Exchange community. With a current price of $0.08 and a listing price of $0.20, investors are poised to enjoy growth in value in the coming months. With broad applications for the financial sector, DTX aims to become the cornerstone of the DeFi industry and carve out a sizeable portion of the $2 Trillion trading industry. Users can learn more: Users can buy Presale here Users can visit DTX Website here Users can join The DTX Community Contact DTX Exchange [email protected]

Bitcoin price surpassed its key resistance at $65K in the last 24 hours. The cryptocurrency’s daily trading volume surged 26.64% as per CMC data. Bitcoin price action is the day’s breakfast convo for crypto community members. The cryptocurrency has begun to recover to its previous price levels at the $60K range. Meanwhile, the web3 community is also awaiting several token unlocks this week, including the WLFi token from Trump’s DeFi project. When reverting attention to the market price actions, following Bitcoin, Ethereum, Solana, and XRP have also turned bullish. Meanwhile, new top performers such as SUI and WorldCoin have also experienced price breakouts in the past few days. Notably, Bitcoin has factored in an additional 1.23% price increase in the past day. Moreover, BTC crossed its significant $65,000 resistance level during the Asian evening hours of October 14. At the beginning of the day, the cryptocurrency had rallied to $64K but showed modest struggles to surpass the aforementioned resistance. However, in the following hours, Bitcoin began showing consistent upward movements to hit a 17-day high at $66,414. At the time of writing, Bitcoin was trading at $65,544 per CMC data. Relatedly, the US spot Bitcoin ETFs also recorded the highest single-day inflows since October 1. According to Sosovalue data, the ETP products witnessed $555.86 million in inflows. Fidelity Investments’ FBTC ETF recorded the highest with $239.25 million inflows among the 12 ETFs. Bitcoin Price Weekly Overview According to Bitcoin’s weekly price chart, the cryptocurrency shows a price increase of 5.12%. This increase has been accounted for as a modest bounce back from its consolidation phase at the $50K range. At the beginning of the week, Bitcoin traded at $62,180 and as the days progressed it revisited its previous support level at $58,895. However, due to the bullish takeover, the cryptocurrency moved upwards to current trading levels. Subsequently, BTC’s market sentiment depicts a buying pressure as indicated by the RSI standing at 61.65. BTC/USD Daily Price Chart (Source: TradingView) Moreover, the digital asset’s bull power indicator value of 1.53 stands above the bear power indicator value of 0.47 as per TradingView data. This highlights Bitcoin’s existing bullish trend and has been interpreted by the community as an indicator of a price rally. Finally, if Bitcoin falls in line with the market analyst predictions it can be expected to reach new trading levels that lie closer to ATH of $73,750. Highlighted Crypto News Today: Bitgert (BRISE) Sets Sights on New Highs as Bulls Charge Ahead

Ethereum enters the $2.6K range, over the past 24 hours. The Monochrome Ethereum ETF (IETH) began trading on the Cboe Australia exchange. The largest altcoin, Ethereum (ETH), has briefly recovered from the significant downside pressure. The asset’s price remains caught between crucial resistance levels; it recently surged to the $2.6K range. Notably, over the past 24 hours, ETH witnessed a moderate spike of 3.13%. At the press time, ETH traded at $2,617 with a market cap of $314 billion. Over the day, ETH recorded the lowest price at $2,529 and the highest at $2,652, as per CMC data. The market observed a liquidation of $30.22 million worth of ETH during this timeframe, as per CoinGlass data. Besides, the daily trading volume of Ethereum has increased by 29.56% to $19 billion. On the other side, Monochrome Asset Management has launched the Monochrome Ethereum ETF (IETH). This is Australia’s first exchange-traded fund (ETF) that provides direct access to Ethereum. The ETF will be available on Australian brokerage platforms, with zero transfer fees and no capital gains tax implications, assuming no change of beneficial ownership. Will the Current Momentum Persist? ETH observed a notable decline of over 7.20%, trading at a low of $2,333 in the last seven days. The asset’s price opened the week by trading at $2,431, and stood in the range-bound between $2.3K and $2.5K range. The four-hour technical chart of ETH displayed the daily relative strength index (RSI) at 59.50, staying in the neutral zone in the market. Besides, the daily frame of the asset highlights the brief bullish state as the short-term 9-day and 21-day moving averages are noted below the current price at $2,472 and $2,501, respectively. Looking ahead, Ethereum’s price might climb if the upside correction continues. The asset might rally to a high of $2,726, and possibly could target even higher. Conversely, if the asset falls below $2.5K, it may enter into a period of consolidation.

Bitgert (BRISE) has recently experienced notable upward momentum, surging by 6.53% in the last 24 hours, according to CoinMarketCap. Its current price stands at $0.0000008099, backed by a market cap of $32.05 million. The trading volume has also increased by 7.92%, reaching $1.17 million. In line with recent market sentiment, a tweet from Jeffrey highlighted the potential for a BRISE rally, supported by growing momentum and interest. Given the current market conditions, Bitgert’s price could see further upside, especially if the broader cryptocurrency market continues its upward trajectory.Bitgert (BRISE) is currently showing promising bullish momentum, with key indicators such as moving averages and RSI signalling potential for further gains. BRISE Outperforms Ethereum ETH Today Additionally, BRISE is currently moving ahead of Ethereum (ETH) today, contributing to the growing bullish sentiment surrounding this token. BRISE has managed to break above its 9-day moving average, which is currently at $0.000000770, and its 21-day moving average at $0.000000742. This shift suggests that these levels could act as new support zones, providing some stability for future price movements. The fact that the price is now trading above these moving averages indicates a bullish trend. A closer look at the Relative Strength Index (RSI), which currently sits at 54.65, shows that BRISE is in a neutral to mildly bullish zone. This level is higher than its RSI average of 40.04, indicating that buying pressure is building. The RSI isn’t yet overbought, meaning there could still be room for additional upward movement before any potential correction. For traders, the key support level to watch is $0.000000770, which aligns with the 9-day moving average. A break below this could signal a short-term retracement, possibly leading the price back to $0.000000700. However, the key resistance level is located at $0.000000884. If BRISE manages to break above this level, it could test higher resistance at $0.000000950, which would confirm further bullish momentum. Traders should monitor these levels carefully, as a clear breakout could signal another leg up for the token. Traders should be cautious, though, as the RSI, while not overbought, is approaching levels where consolidation or slight pullbacks may occur before the next move up. However, traders should keep an eye on the $0.000000884 resistance level and monitor for any breaks above or below the identified support levels to confirm the next price direction. Should the market maintain its current trajectory, BRISE could push towards $0.000000950 or higher. Highlighted Crypto News Today Metaplanet Shares Surge 16% After Major Bitcoin Acquisition