With the market correction still felt by most of the altcoin market, Aptos rose through the ranks clutching a win for investors and traders. APT bulls pulled through, with the latest market data marking an 18% uptick in value since last week, a sign that the token might continue to push through the bearish onslaught plaguing the broader market. Although APT’s movement has garnered much-deserved attention, it remains to be seen whether the sudden flip in sentiment is a solid move toward a better position. Recent developments have shown that Aptos’s recent price move is the start of an upward trajectory that will place the token at the forefront of investors’ and traders’ attention. Aptos Q2 Performance Boosts Retail Interest Recently, Messari released an ecosystem review on Aptos. The quarter posted excellent growth across almost every metric on the platform. DeFi numbers have also been up on Aptos. TVL on the platform has risen by 123% QoQ. As of writing, Aptos stands proud with $716 million in TVL and increased more than 11% in the last 24 hours. This growth was primarily due to the gradually growing user base of the platform. Average daily new addresses have been recorded to have grown by 43% QoQ, which indicates a considerable level of growth in users since the launch. In a recent interview, Aptos CEO and Co-founder Mo Shaikh revealed that the platform is operating for over 20 million addresses in only under two years. The growth experienced by the platform is largely due to an emphasis on user experience with Aptos capable of handling over 10,000 transactions per second, being one of the fastest L1s available in the market. Rejection On $10.41 Inevitable, Swings Momentum To Short Positions Despite APT’s astonishing movement in the past 24 hours, APT bulls are in the middle of a breakthrough attempt on the $10.41 resistance level that will inevitably reject the current attempt before the token stabilizes above $9.31 in the medium term. With the token’s relative strength index (RSI) maxed out, APT’s short-term trajectory can only point downward. As it currently stands, the token will remain at its current $9.31-$10.41 trading range with the bulls targeting $10.41 in the medium term. However, investors and traders should still exercise caution as the token’s RSI signals that the token’s value will fall. As of writing, the bears aim to flip the $9.31 support to resistance with a long-term target of $7.90. If APT does fall below $9.31 in the medium term, investor sentiment will take a hit possibly leading to a deeper fall. Featured image from Asia Crypto Today, chart from TradingView

According to data from SoSoValue, the US-based spot Bitcoin ETFs have recorded over $300 million in net inflows over the past week, representing a return to the market’s positive trajectory after a bearish first week in Q4 2024. Meanwhile, the Spot Ethereum ETFs still retain a negative performance despite a reduction in net outflows. Spot Bitcoin ETFs Halt Three-Day Decline With $254 Million Inflow Following the $300 million net outflow recorded in the first week of October, the spot BTC ETF market opened last week on a positive note recording net inflows of $236.19 million on Monday, October 7. However, these investment funds soon experienced a three-day downturn resulting in cumulative outflows of $179.98 between October 8-10. On Friday, October 12, these Bitcoin ETFs registered aggregate inflows of $253.54 million, representing the highest daily capital investment over the past two weeks. The majority of these gains came from Fidelity’s FBTC which attracted inflows of $117.10 million. Ark & 21 Shares ARKB also saw inflows of $97.58 million, while Bitwise’s BITB garnered $38.81 million from investors. Meanwhile, VanEck’s HODL and Invesco’s BTCO also recorded significant inflows of $14.26 million and $7.88 million. All other Bitcoin spot ETFs including BlackRock’s IBIT experienced zero inflows, except Grayscale’s GBTC which produced a net outflow of $22.09 million. Following the recent weekly gains, the total net assets of the spot Bitcoin market increased to $58.66 billion, representing 4.71% of the BTC market cap. BlackRock’s IBIT accounts for about 40% of these assets holding 369,640.1 BTC, valued at $23.30 billion. Grayscale’s GBTC initially ranked as the largest Bitcoin spot ETF holding 600,000 BTC tokens. However, massive levels of outflows valued at $20.19 billion allow the fund to sit second with 220,177.5 BTC valued at $13.85 billion. Spot Ethereum ETFs Maintain Negative Return Streak In other news, the spot Ethereum ETFs produced another dismal performance in the past week, recording net outflows of $5.22 million. While this value represents a $25.47 million reduction from the figures reported in October’s first week, it marks the 10th week of negative returns in the 12 trading weeks for the Spot Ether ETFs. Interestingly, these funds only recorded a single day of daily inflow ($3.06 million) in the past week. The total net outflows of spot Ethereum ETFs are currently valued at $558.88 million. Meanwhile, the total value traded in this market stands at $143.54 million. At the time of writing Ethereum trades at $2,459 with a 0.78% gain in the last day, while Bitcoin remains valued at $62,725 following a 0.22% price rise in the same period. Featured image from Crypto Valley Journal, chart from Tradingview

The Bitcoin price has been relatively quiet in October, but things seem to be looking up after the premier cryptocurrency broke the $63,000 mark on Saturday, October 12. However, the crypto has to scale a major resistance level if the current bull run is to get back on track. $64,000 The Resistance Level To Watch: Analyst In a Quicktake post on CryptoQuant, an analyst with the pseudonym ShayanBTC has put forward an interesting prognosis for the Bitcoin price in the short term. According to the crypto expert, $64,000 and $55,000 are two crucial levels that every BTC investor should watch over the coming days. This analysis is based on the Realized Price Unspent Transaction Output (UTXO) age bands. This on-chain metric is relevant for assessing Bitcoin market behavior, as it measures the holding pattern of different investor groups through a set of different realized prices. The UTXO age bands metric highlights the average price at which Bitcoin holders acquired their coins while considering how long they’ve held the assets. The most notable age bands in this metric are the 3-month to 6-month (short-term) cohort and the 6-month to 12-month (long-term) cohort. ShayanBTC highlighted in their post that the realized prices of Bitcoin holders in the short-term and long-term cohorts have served as critical support or resistance levels in the past. Historically, when the Bitcoin price struggles to breach the average purchase price of these cohorts, it implies a bearish trend for the flagship cryptocurrency. ShayanBTC added: According to data from CryptoQuant, the Bitcoin price is currently hovering between the realized prices of these two cohorts. As of this writing, the realized price for short-term holders stands at $64,000, while the realized price for long-term holders stands at around $55,000. As it stands, the price of Bitcoin seems set to test the resistance level and 3-6 month holders’ realized price of $64,000. ShayanBTC noted that a successful breakthrough above this price level could indicate further bullish momentum and potential resumption of the bullish trend. On the flip side, if the Bitcoin price fails to breach this $64,000 level, it could signal fresh selling pressure from short-term holders. Ultimately, this could lead to a deep correction toward the $55,000 level. Bitcoin Price At A Glance As of this writing, Bitcoin is valued at $63,249, reflecting a mere 1.1% increase in the past day. According to data from CoinGecko, the flagship cryptocurrency is up by more than 2% in the last seven days.

XRP is currently testing a crucial resistance level that will shape its price action in the coming weeks. After the euphoria surrounding the Federal Reserve’s interest rate cuts in late September, the market is experiencing uncertainty and anxiety. While some investors remain optimistic, the recent price movements of XRP have led to a sense of caution. Top crypto analyst Amonyx has shared insights into the potential for an unexpected XRP rally. In his analysis, he suggests that the altcoin might surprise skeptics with gains surpassing 1,000%. According to Amonyx, this resistance level could be a launching pad for XRP if the price breaks above it. With significant market fluctuations, investors are keeping a close eye on XRP’s ability to hold above key price points. The anticipation surrounding XRP’s future has created a mix of hope and skepticism as traders weigh the possibility of a breakout against the risks of a further decline. As XRP continues to navigate this critical juncture, all eyes will be on its performance to determine the next steps for this altcoin. XRP Analyst Sets Optimistic Targets XRP is at a turning point as analysts await a signal that could propel its price higher amidst market uncertainty. Top analyst and investor Amonyx recently shared a compelling technical analysis on X, offering an optimistic outlook for XRP’s future. His analysis features a chart illustrating a potential ascending bull pennant pattern that has been forming since June 2018. This pattern suggests a buildup of buying pressure, signaling that XRP may be poised for a breakout. If XRP successfully breaks above the resistance defined by this bullish pattern, Amonyx predicts a remarkable surge in price, potentially targeting levels as high as $70 and even $500. While these predictions are ambitious, they underscore the market’s inherent volatility and the potential for dramatic price shifts. Amonyx points out a critical factor influencing market sentiment: many investors believe XRP is unlikely to rise again. This prevailing skepticism may set the stage for a significant upward movement, as market psychology often plays a crucial role in price dynamics. In the coming weeks, all eyes will be on XRP as traders assess whether this anticipated breakout will materialize, potentially changing the narrative for the altcoin and its investors. Technical Analysis XRP is currently trading at $0.53, having recently lost both the 1D 200 moving average (MA) and the 200 exponential moving average (EMA). The price is struggling to close above the MA, which is $0.54. For bulls to regain momentum, XRP must surge past these levels to retest local highs around $0.66. However, if the price fails to secure a close above the MA and EMA, a deeper correction could be near. Analysts are closely monitoring this critical juncture, as a breakdown below $0.53 could lead to further declines, potentially targeting support levels around $0.48 or lower. Related Reading: Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint As traders watch for confirmation of either a bullish reversal or a bearish continuation, XRP’s price action will be pivotal in shaping market sentiment in the coming days. Featured image from Dall-E, chart from TradingView

Sui (SUI) has been one of the most popular crypto assets of 2024, with notably high market gains and drastic price losses over the year. The altcoin is currently moving sideways following a recent price rally in the last week. As usual, these consolidative movements draw much speculation on the token’s next price action. SUI To Record ATH At $2.50, Analyst Says In an X post on Saturday, market analyst Michaël van de Poppe dropped a new price target for SUI based on its current bullish momentum. According to data from CoinMarketCap, SUI recorded a 30.01% profit in the last seven days, emerging as the second-highest weekly gainer in the crypto market. Amidst this price gain, the digital asset already notched a new all-time high of $2.28. However, Van de Poppe’s forecast projects the altcoin to maintain its current uptrend and attain a new peak between $2.30 – $2.50. However, looking at the SUI daily chart, certain indicators present an alternative view. For example, the asset’s price is well above its 100-day simple moving average indicating it is potentially overbought and may be due for a price correction. This position is further backed by the token’s RSI which is well in the overbought zone. Generally, SUI is one of the best-performing coins of 2024 with an overall price gain of 182.5% since the start of the year. However, it has been a bipolar market experience for the layer-1 asset which lost about 71.5% of its value between April and August. Current market sentiments around the altcoin are largely bullish with investors confident of long-term profitability. Interestingly, SUI has been tipped by analysts to emerge as the diamond of the upcoming bull season with the potential to replicate Solana’s performance in 2021. If this projection proves true, it could rise as high as $70 over the next 12-18 months. Open Interest Reaches $664 Million In tandem with the recent price growth, the Open Interest on SUI has grown by 27.10% in the last 24 hours reaching around $664.29 million. For context, Open Interest measures the value of all active trading positions either long or short in the market. Interestingly, the daily long/short ratio currently stands at 1.0665, indicating traders are slightly more confident of SUI experiencing a price gain in the future. At the time of writing, SUI trades at $2.22 reflecting a 9.62% gain in the last day. Meanwhile, the token’s daily trading volume is up by 12.55% and is valued at 1.12 billion.

Dogecoin is currently in a consolidation phase following days of sharp volatility and wild price swings. Since the start of October, the meme coin has been trading within a tight sideways range, leaving some investors concerned about whether the anticipated rally for DOGE will ever materialize. The uncertainty in the market has heightened fears that Dogecoin’s price might stagnate further, as bullish momentum seems to have cooled off. However, new data from Santiment offers a glimmer of hope for DOGE enthusiasts. The platform’s key metrics show that active addresses on the Dogecoin network have surged to their highest level in eight months. Analysts often consider this spike in network activity as a positive sign, as increased participation and interest can drive price action upward. As traders keep an eye on these developments, this uptick in active addresses could serve as the catalyst needed for the next significant Dogecoin rally. The question remains: will this trend be enough to reignite the bullish sentiment around DOGE, or will it remain stuck in its current range? Dogecoin Network Activity Rising Dogecoin is at the center of intense speculation as investors and analysts debate its future price action. After enduring weeks of volatility and sharp price swings, the meme coin has mirrored the unpredictable nature of the broader crypto market. Currently consolidating above the key $0.10 level, Dogecoin traders are closely watching for signals that could trigger a rally. Investors are eager for a clear bullish confirmation, but so far, the market remains in a state of uncertainty. Critical on-chain data offers some hope for Dogecoin enthusiasts despite the lack of immediate upward momentum. According to Santiment data, shared by crypto analyst Ali on X, active Dogecoin addresses recently surged to 133,880, marking the highest level in eight months. This spike in network activity is often interpreted as a positive sign, suggesting that more traders are engaging with the asset, potentially indicating rising demand. Higher active addresses generally signal increased transaction participation, which can create upward pressure on prices if sustained. As this trend unfolds, many investors are hopeful that this increased network activity could serve as a catalyst for the next significant DOGE rally. Whether this surge in activity will translate into higher prices or whether DOGE will continue its sideways consolidation remains to be seen. DOGE Price Action: Key Levels To Watch Dogecoin is currently trading at $0.111 after spending the last 12 days in a narrow range between $0.101 and $0.115. This period of consolidation has kept traders on edge, as the price remains just 5% below the daily 200 exponential moving average (EMA), which sits at $0.116. For bulls to initiate a rally and break out of this sideways trend, the price must first surpass this critical resistance level. However, if DOGE fails to maintain momentum and cannot push above the 1D 200 EMA in the coming weeks, a deeper correction could be on the horizon. In such a scenario, traders should watch for potential support at lower demand levels. The next key support level is around $0.098, with a worst-case scenario declining to $0.088. The coming days will be crucial for determining whether Dogecoin can break out of its current range or face further downside. Investors are closely monitoring the price action and network activity for signs of a potential rally or a continued slide to lower support levels. Featured image from Dall-E, chart from TradingView

The combined value of the market for the largest USD-backed stablecoins has risen to $169B. Tether USD (USDT), is largely responsible for this expansion. Record highs in stablecoin dynamics have increased market liquidity in the cryptocurrency sector. Bitcoin (BTC) and the whole cryptocurrency sector might take heart from this, since past performance indicates that more liquidity usually leads to higher prices. According to a new analysis by CryptoQuant, the combined value of the market for the largest USD-backed stablecoins has risen to $169 billion, a 31% gain or $40 billion since the start of the year. The value of stablecoins, a measure of market liquidity, hit an all-time high in late September due to this rise. Favorable Correlation Greater stablecoin holdings on centralized exchanges are indicative of the growing liquidity. The stablecoin market leader, Tether USD (USDT), is largely responsible for this expansion. With a growth of 54% or $8 billion so far this year, the total USDT (ERC20) balances on centralized exchanges reached a new high of 22.7 billion this month. An encouraging indicator, according to CryptoQuant, is that centralized exchanges already hold around $8.5 billion USDT issued on the Tron network. The market analytics platform has said that there is a favorable correlation between larger holdings of stablecoins on exchanges and higher Bitcoin and crypto prices. There has been an unprecedented 146% growth, from $9.2 billion to $22.7 billion, in the total quantity of USDT (ERC20) on centralized exchanges since the beginning of this bull cycle in January 2023. With USD Coin (USDC) coming in second with 21% of the stablecoin market, USDT has accumulated 71% of the market. USDC’s market value is $36 billion, reflecting a 44% rise, or $11 billion growth year-to-date, while USDT’s cap is approaching $120 billion, an increase of 30%, or $28 billion, since the beginning of 2024. Highlighted Crypto News Today: Charles Hoskinson Slams Craig Wright’s Lawsuit as Abuse of Legal System

Hoskinson implied that Wright’s ongoing litigation was an abuse of the justice system. Wright had harsh words for Hoskinson and the Cardano initiative last year. Charles Hoskinson, founder of Cardano, wasted no time criticizing Craig Wright after his most recent legal move—a massive £911 billion lawsuit against Bitcoin Core and Square. An influential crypto figure, Hoskinson, has voiced his displeasure with Wright’s continuing legal proceedings. He wanted to know why the authorities keep letting these legal manipulations happen. Additionally, he implied that Wright’s ongoing litigation was an abuse of the justice system. What drives this, in his view, are irrational assertions and acts of delusion. Abusing the Legal System In a massive lawsuit filed against Bitcoin Core and Square in particular, Charles Hoskinson, founder of Cardano, has released Craig Wright’s next legal volley, a massive £911 billion ($1.2 trillion) lawsuit. According to the CaseBoard, Wright has filed a massive lawsuit of around £911 billion over “falsely representing that Bitcoin Core Vision/BTC is the original Bitcoin.” The contentious individual persists in claiming, in spite of ongoing disagreements and suspicion, that they are the genuine Bitcoin inventor. Concerned that Wright was “abusing the legal system” with his “fantasies and sociopathic delusions,” Charles Hoskinson took to Twitter to express his displeasure and ask why the man wasn’t behind bars. The widespread dislike of Wright’s contentious legal methods is emphasized by this harsh criticism. Among the crypto community’s more vocal voices, Charles Hoskinson wondered aloud why authorities let Wright keep abusing the courts. There is a lengthy history of animosity between the founder of Cardano and the controversial entrepreneur. Wright had harsh words for Hoskinson and the Cardano initiative last year. He said that by casting doubt on his contributions to the area, he was misleading the community. Highlighted Crypto News Today: US SEC Delays Decision on Options Linked to Spot Ether ETFs

The filing states that the agency’s ruling deadline has been extended from Oct 19 to Dec 3. Cboe requested permission to offer options in August in their filing with the SEC. According to a filing made on October 11th, the US Securities and Exchange Commission (SEC) has once again delayed. Deciding on whether or not an exchange list options linked to spot Ethereum ETFs. According to the filing, the SEC has postponed deciding on a rule change proposal. That would allow Cboe Exchange to offer options linked to many popular spot ETH funds. The filing states that the agency’s ruling deadline has been extended from October 19 to December 3. Clearance Anticipated by Year’s End The iShares Ethereum Trust ETF (ETF) by BlackRock, the Fidelity Ethereum Fund, the Grayscale Ethereum Trust, and the Grayscale Mini Ethereum Trust were among the nine ETFs that Cboe requested permission to offer options on in August in their filing with the SEC. Moreover, a comparable rule change request by Nasdaq’s electronic exchange to offer options on iShares Ethereum Trust was postponed by the SEC in September. Option listings for BlackRock’s iShares Bitcoin Trust (IBIT), an exchange-traded fund (ETF) focused on bitcoin, were greenlit by the SEC on September 20. Prior to their listing, the Bitcoin options are awaiting final approvals from the CFTC and the Options Clearing Corporation. US options on Bitcoin exchange-traded funds (ETFs) are expected to debut in the first quarter of 2025. This is according to Bloomberg Intelligence analyst James Seyffart. The analyst predicts that options might be available by year’s end, with Q1 2025 being the most probable window. Options are agreements that provide the right to purchase or sell, or “call” or “put” as it is called in the trading world, an underlying asset at a predetermined price. The US OCC steps in to resolve trade disputes when one side does not comply with the agreement. Highlighted Crypto News Today: Scroll’s Binance Listing Sparks Decentralization Debate in Crypto Community

There were voices wondering whether the initiative was watering down its decentralized stance. Scroll co-founder said that the move was an effort to broaden the project’s reach. The recent listing of the Ethereum layer-2 project Scroll on the centralized crypto exchange Binance has sparked a discussion over centralization within the crypto community. Although some saw the listing—announced on October 11—as aligning with centralized corporations, others saw it as having the ability to increase growth. There were voices wondering whether the initiative was watering down its decentralized stance. According to X user Zeng Jiajun, Scroll is “kneeling” before a centralized exchange (CEX) by deciding to list on Binance. Jiajun characterized the move as difficult but raised doubts about its long-term consequences. Strategic Decision Scroll co-founder Ye Zhang said that the move to team up with Binance was an effort to broaden the project’s reach, especially in developing economies. Zhang stated: According to Zhang, Binance’s on-ramp and off-ramp services would streamline the process by which users may deposit and withdraw funds from the Scroll network. Despite Zhang’s best efforts, not all members of the crypto community shared his view. The possible impact of Scroll’s relationship with Binance on its decentralization initiatives was a source of worry for some. Others on X stated that Binance should not have been the first exchange to list Scroll. By their logic, Binance would have listed the chain independently if it had sufficient user activity and interest, they said. Highlighted Crypto News Today: US Bitcoin ETFs See $253M Inflows on October 11, Ending 3-Day Streak

The cryptocurrency world is in turmoil due to Bitcoin’s drop to a two-week low of $61,800, causing $350 million in sell-offs and affecting thousands of traders. Meanwhile, Ethereum might be heading for a downturn similar to its end-of-2016 slump, potentially lowering its price in the upcoming months. Amidst these downward trends, BlockDAG continues to attract attention with its unaffected performance. BlockDAG’s presale is nearing $94 million, propelled by a 50% bonus that is drawing enthusiasts as it approaches the $100 million milestone. With the bonus period ending soon, anticipation is high for what could be a leading crypto project in 2024. Bitcoin’s Price Drop Triggers Millions in Sell-Offs Bitcoin’s value suddenly fell, reaching a two-week low of $61,800, which led to $350 million in sell-offs. This affected approximately 120,000 traders in the last day as the market experienced significant fluctuations. After a brief recovery to $64,000, negative forces drove the price down again. This downturn followed an announcement by Fed Chair Jerome Powell about two upcoming rate cuts by the US central bank before year’s end. Other cryptocurrencies also suffered, with ETH losing over 3%, SOL by 3.6%, and DOGE by more than 5%. Although Bitcoin has seen some recovery, the market’s instability continues to cause substantial losses for many traders who took on too much risk. Ethereum’s Price Outlook Reminiscent of 2016 Ethereum seems poised to replicate its late 2016 behavior, indicating possible price reductions in the fourth quarter of 2024. Despite a strong September, significant sales by major holders are pressuring Ethereum’s value. Recent ETF withdrawals totaling $48.6 million and global tensions further darken the outlook. With these elements in play, the market is closely monitoring Ethereum for signs of repeating its previous downturn. While the future remains uncertain, the growth potential still exists depending on market developments. Last Chance to Maximize BDAG Holdings with a 50% Bonus! Time is ticking for crypto fans to grab BlockDAG’s amazing 50% bonus, which offers a rare chance to significantly boost BDAG holdings. The presale is on the brink of hitting $94 million, with the $100 million milestone within close reach for BlockDAG. The success of its Testnet showcases BlockDAG’s tech-savvy, making it the current star of the blockchain universe. The window for the 50% bonus is swiftly closing, with just two days left for traders to cement their spot in this promising project. Early participants are already reaping big rewards, with each new release pushing the presale even higher, and momentum continues to build. As the final dash for this 50% bonus starts, BDAG’s value is expected to skyrocket. Market experts suggest that BDAG could hit an impressive $20 by 2027, potentially multiplying early buyers’ holdings by up to 20,000 times. Priced at $0.0206 in batch 24, those who joined early have already enjoyed a 1960% increase in returns since the first batch. Those seizing the 50% bonus to snag more BDAG are setting themselves up for huge potential profits, especially as time to take advantage of this offer dwindles. BlockDAG is gearing up to be a major player in the 2024 crypto scene, and missing out now could mean passing on one of the most promising ventures in blockchain history. Best Crypto to Buy Before Year Ends As Bitcoin’s latest sell-off wave calms, traders are closely monitoring market trends and bracing for potential changes. Ethereum’s pricing outlook calls for caution, influenced by significant holder sales and ETF withdrawals. Still, the standout opportunity is BlockDAG’s 50% bonus, currently a hot ticket in the market! With just two days to go, crypto enthusiasts are hurrying to secure their BDAG before the bonus period shuts. As the presale approaches $94 million, BlockDAG is poised to be one of the top crypto projects for 2024, with experts forecasting an astonishing $20 price by 2027. 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.

The crypto space can’t seem to calm down after a well-known whale, who previously showed a lot of activity in both Ethereum (ETH) and Binance Coin (BNB), returned. On his return, he backed a new ICO—IntelMarkets (INTL). This rising star is now in its third presale phase, which has been amazing. It has raised over $1M and may hit $2M before this month ends. While ETH and BNB are rising on the price charts, all attention is on INTL. Some experts even hint that it has the potential to surge by 3,000% as it combines AI with blockchain technology. Ethereum (ETH) To Kick-Off a New Rally Ethereum (ETH) is one of the top crypto coins in the market. CoinMarketCap data shows that the Ethereum price surged over 5% on the monthly chart. Crypto analyst Mikybull also made a bold prediction about this altcoin. According to his X post, Ethereum is now in its next wave of a rally to $5,000 in the short term. In other news, Ethereum (ETH) proposed EIP-7781, which will improve the speed of transactions on this network. The slot times will be reduced from 12 to 8 seconds to accomplish this. The Ethereum coin is also trading above its 10-day EMA of $2,433. Due to all these factors, other experts are also bullish in their Ethereum price prediction. They foresee a value of $2,600 before this quarter ends. Binance Coin (BNB) May See Price Discovery Soon Binance Coin (BNB) is another top 5 cryptocurrency with good growth. Over the past 30 days, the price of Binance Coin increased by around 15%, according to CoinMarketCap. Currently, the Binance Coin crypto trades between $507 and $577. However, crypto analyst Sjuul says this altcoin is having trouble breaking through its resistance level of $600. If it does happen soon, there will be little resistance to $700 and potential price discovery. The Binance Coin (BNB) technicals are also showing positive signs. Binance Coin is trading above its 20-day EMA ($568) and its 100-day EMA ($555). Market analysts note all these factors when making their Binance Coin price prediction. Thus, they predict a potential pump of $600 before November starts. IntelMarkets (INTL) Seen As the Best ICO Right Now IntelMarkets (INTL) is making headlines now thanks to its presale performance. It has given early buyers a 200% return in a few short months. Not only that, demand is sky-high, with over 11M INTL tokens already sold. This level of attention is rare in the crypto space. In essence, IntelMarkets aims to tap into the growing AI market, which Statista projects may be worth $826B by 2030. To accomplish this, it will launch an AI-powered smart trading platform. This combination will make IntelMarkets stand out from the rest. For instance, traders on IntelMarkets will be able to use AI-based cost averaging, auto-investment strategies, and self-learning trading robots. Additionally, a 1000x leverage will help maximize traders’ profit while minimizing their risk. All these features have made countless traders rush to the IntelMarkets ICO event. In it, people can buy the INTL for just $0.027. But this altcoin price will jump to $0.036 after phase four begins—a 33% return for those who buy it now. Experts predict another 3,000% surge after a Tier-1 CEX lists INTL soon. They think that this project may be the best crypto ICO event. What Will the Future Bring for Ethereum (ETH), Binance Coin (BNB) and IntelMarkets (INTL)? The crypto market is on a good trajectory with tokens like Ethereum (ETH), Binance Coin (BNB) and IntelMarkets (INTL). Thanks to exciting developments, all three of them may surge. However, IntelMarkets gets the upper hand as it has a smaller market cap than the rest. Therefore, this altcoin price will rise faster since it needs less new money to do so. Discover More About IntelMarkets: Presale: https://intelmarketspresale.com/ Telegram: https://t.me/IntelMarketsOfficial Twitter: https://x.com/intel_markets 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 whales have stockpiled $90 billion in BTC since May, a period marked by range-bound market conditions. According to an open disclosure by Axel Adler Jr. of CryptoQuant, investors holding over 1,000 BTC have seen rapid growth in their balances. Whale Appetite Grows Over the past six months, they accumulated about 1.5 million BTC, representing a massive inflow of capital worth approximately $90 billion at an average price of $60,000. However, these tokens came from weaker hands that sold at a loss. Data shows significant growth among whales, who held only 335,000 BTC in early May when Bitcoin traded between $60,000 and $65,000. While prices remained in that range, whales continued to accumulate, and now hold around 1.9 million BTC, indicating strong short-term confidence among high-net-worth investors. Netflow Metrics Of Large Holders Recent data shows that accumulation sprees haven’t cooled off, despite recent price corrections. For example, yesterday, BTC fell below $59K for the first time this month, leading to massive liquidations. Yet, large holders, who account for 0.1% of the circulating supply, netted +629 BTC yesterday. Two days ago, this figure was even higher, with an influx of 2,480 BTC. Furthermore, CryptoQuant statistics indicate that Bitcoin’s exchange reserve has fallen from 2.576 million tokens at the start of October to 2.571 million tokens, reflecting ongoing accumulation. Price Prediction And Market Implications As of this writing, Bitcoin was pegged at $61,690 having lost 1.68% for the week. DMI had +DI standing at 18.3 with -DI placed at 23.3, which were a couple of points above but declining continuously. It simply means that despite the relentless selling pressures, they are somewhat weak. As it currently stands at -40.74, Williams %R is on the neutral side. From this, Bitcoin might get stuck in this range until strong buying or selling pressure will come up. Experienced analyst Peter Brandt holds that Bitcoins will reach an all-time high of $150,000 for this cycle but warns that inability to break out of the current range will cause the price to shatter and will go way down, 75% at worst. Featured image from Pexels, chart from TradingView

Sui (SUI) could witness a bullish breakout soon enough, with crypto traders betting on the crypto climbing above $2. SUI’s fundamentals also paint a bullish picture for the crypto and indicate that it could be one of the best performers in this market cycle. SUI Eyes Breakout With Traders Going Long SUI could be on the verge of a breakout, with traders betting that the crypto will rise higher. Coinglass data shows that the long/short ratio is currently at 1.3, with 56.65% of traders opening long positions on SUI compared to 43.35% of traders with short positions. Trading volume for SUI’s derivatives has surged by over 33%, indicating that these traders are very confident about the crypto rising higher. Meanwhile, open interest is also up by over 14%, further confirming the massive attention that SUI is currently gaining. These long traders already look to have the upper hand, seeing how the short terms have witnessed more liquidations. Further data from Coinglass shows that $5.14 million in short positions have been liquidated in the last 24 hours compared to $1.58 million in long positions. This is bullish for the SUI price as the breakout could easily be achieved as more short traders get shaken out of their positions. Moreover, the coin has been rallying for a while, and its fundamentals and technical analysis suggest that this upward trend could continue. SUI has already rallied over 100% in the last month, breaking into the top 20 crypto ranking in the process. Fundamentals that support a further price rally for the coin include the surging decentralized finance (DeFi) activity on the Sui network. DeFiLlama data shows that decentralized exchange (DEX) volume on the network has shot up over 50% this last week. The network’s Total Value Locked (TVL) is also rising, as it recently crossed the $1 billion mark. A Price Breakout To $2.50 Crypto expert Michael Van De Poppe predicted that the SUI price could rise to as high as $2.50 soon enough. He noted that the coin achieved a strong bounce at the $1.79 price level. In line with this, he expects the price to continue towards new highs, potentially reaching between $2.20 and $2.50. A rally to this price range is significant as it will mark a new all-time high (ATH) for the SUI price, whose current ATH is $2.18. Meanwhile, crypto analyst The Cryptomist indicated that the coin’s weekly close is likely to determine its next move. She claimed a break above $1.91 would lead to price discovery. At the time of writing, SUI is trading at around $2, up over 11% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from TradingView

A particular crypto analyst has boldly predicted that XRP price could rise to $60, driven by the influx of demand and capital from institutional investors as it taps into the market share or daily volume of the SWIFT, a global messaging solution for banking and payment. XRP Eyes $60 With SWIFT’s Volume Boost In a recent X (formerly Twitter) post, Levi Rietveld proposed a unique scenario where XRP’s price could potentially surge to $60, marking a staggering increase of approximately 11,220% from its current value of $0.53. Firstly, Rietveld referred to a 2017 paper indicating SWIFT’s daily payment processes. According to the paper, SWIFT typically manages about $5 trillion in daily transactions, accumulating to $1.25 quadrillion every year. Based on current market changes and more adoption of the network, the analyst suggested that the figure will likely rise in 2024. He disclosed that SWIFT’s daily transactions have possibly increased to $7 trillion, equating to $1.8 quadrillion annually. The analyst also noted that SWIFT’s payment message volumes are usually about 11.5 million daily, with an average payment size of around $45,000. Moreover, he reveals that the current average payment size has increased to $60,000 per transaction, highlighting the staggering amount of fees it takes to execute just one transaction. Taking these figures into consideration, Rietveld has hypothesized that if XRP can acquire just 10% of SWIFT’s overall market share, the cryptocurrency could see an “astronomical” increase in its price. Starting on a more conservative estimate, the analyst revealed that with a 5% market share which is about $239.4 billion in daily volume, XRP could see a 1,252.5X increase. This is equivalent to a 9,080.6% surge in XRP, pushing its value to new all time highs at $26.62. Rietveld further estimated that with a 10% market share, XRP’s price could rise to $52, and even surpass $200 with 20% of SWIFT’s volume. The analyst has called on crypto investors to begin accumulating XRP, stressing that his ambitious projections for the cryptocurrency are not far-fetched, given its advantages over SWIFT in terms of cost, speed, and reliability. Institutional Adoption To Drive XRP Price Even Higher While hypothesizing the extent of XRP’s price surge with a small percentage of SWIFT’s volume, Rietveld also disclosed that the cryptocurrency could see a massive price increase as adoption from institutional investors skyrockets. The analyst disclosed that the XRP market may undergo a significant supply shock when institutional investors begin accumulating the cryptocurrency. He revealed that over time, institutional investors will eventually need to buy XRP from the public supply, as the tokens locked in escrow would not be sufficient to meet demand. Considering XRP’s already limited supply, Rietveld has projected that the potential supply shock would trigger a massive price rally to about $200 in the next 10 years. Featured image from Shutterstock, chart from TradingView

In an interesting move, Cardano (ADA) has rebounded by almost 4% in the past 24 hours, in what seems to be an uptick in activity among large ADA holders. The price of ADA started the week on a bearish note and spent the majority of the week trending downwards. Particularly, the ADA price fell by about 9.5% to bottom out at $0.33260. However, the crypto has rebounded and has increased by about 6% from this low. This price rebound was accompanied by a large transaction volume, especially from large holders, also known as whales. According to data from IntoTheBlock (ITB), this transaction volume amounted to 17.33 billion ADA, worth about $6 billion. Major Uptick In Cardano Whale Activity The Large Transaction Volume metric from IntoTheBlock tracks details on transactions with a value of $100,000 or greater. Interestingly, this metric puts the worth of whale transactions at $24.18 billion in the past seven days, a notable increase from last week’s readings. A huge part of these transactions were recorded in the past three days, with $6 billion movements coming on October 11 and $5.8 billion on October 10. The uptick in whale activity appears to be closely linked to ongoing developments within the Cardano ecosystem. According to a recent report from InputOutput, Cardano has remained a major hub for blockchain developers, especially following the recent node upgrades to v.9.2.0 and the subsequent v.9.2.1. InputOutput’s data reveals that by the end of September, there were 1,376 active projects being built on Cardano, underscoring its popularity among blockchain innovators. Additionally, during September, the number of minted native tokens grew by 80,000, while the total number of transactions on the network surged by 1.34 million. ADA Price To Reach $0.5 Or Drop Again? ADA’s price action has been under intense scrutiny in recent weeks, and sentiment among investors has been more negative than usual, especially on social media. Cardano’s creator, Charles Hoskinson, addressed this sentiment on social media platform X. Hoskinson clarified that the negative outlook doesn’t reflect any failure on Cardano’s part, emphasizing that the project continues to grow. He also took the opportunity to criticize other crypto ecosystems, remarking that Cardano remains one of the few cryptocurrencies still committed to being a true decentralized currency, unlike those aligning with corporate giants like BlackRock and Wall Street. Related Reading: Bitcoin Price Crash: $1.83 Billion Makes Its Way To Exchanges, Is A Bloodbath Coming? Despite the pessimism, the ADA price has managed to hold a key support level at $0.33, which offers some relief to bullish investors. Additionally, on-chain metrics such as net network growth and positive momentum in the futures market suggest a more optimistic outlook. The recent uptick in whale activity could signal the beginning of a more sustained rise for the ADA price. At the time of writing, ADA is trading at $0.354. The first target is a significant break above $0.40 before a return to $0.50.

In line with the general crypto market, Ethereum (ETH) produced a positive price performance in the past day with a significant 4.50% gain, according to data from CoinMarketCap. Following this price rise, the altcoin moved its weekly profits to around 1.35% after what has been a turbulent trading week. However, certain market indicators signal the ETH market remains far from a bullish breakout. Ethereum MVRV Far From Critical Bullish Level, Analyst Says In an X post on Friday, crypto analyst Burak Kesmeci shared an insight on the cyclical relationship between Ethereum’s price and its Market Value to Realized Value (MVRV) ratio, which he states can be used to identify buy and sell signals. According to Kesmeci, the last two bull and bear periods in the ETH market have revealed certain MVRV points i.e. 3.00 and 0.80 as vital to understanding price movement. The analyst explains that an MVRV value above 3.00 usually results in Ethereum entering an overbought zone, presenting investors with an opportunity to sell in fear of a potential price fall. Alternatively, historical data have shown ETH to be “relatively cheap” and undervalued when the MVRV value falls below 0.80, representing an opportunity for aggressive purchases by long-term investors. However, In a more detailed analysis, Kesmeci highlights 2.25 to be a critical MVRV level in a bullish Ethereum market. The analyst states that significant price gains have been recorded whenever ETH moved past this MVRV value in the last two bull cycles. According to Kesmeci, Ethereum’s current MVRV stands at 1.22 following a decrease from 1.95 over the last 120 days. A continuous decline to below 0.80 would present a buy signal as earlier stated. However, investors should only anticipate a “serious rally” if the MVRV value moves upward and past 2.25. Key Ethereum Support Zone Revealed In other news, market analyst Ali Martinez has identified a key support level for Ethereum. According to data from IntoTheBlock, 2.4 million wallet addresses acquired $52.6 million worth of ETH at the $2,300 price mark. Therefore a price fall below this region could trigger a panic market sale, resulting in a further price loss. At the time of writing, ETH trades at $2,458 with a 4.51% gain in the past 24 hours. However, the general market sentiment towards the altcoin remains largely bearish. This is reflected in the 13.21% decline in its daily trading volume currently valued at $13.45 billion. With a market cap of $293.36 billion, Ethereum remains the second-largest cryptocurrency after Bitcoin.

BNB’s CEO, Richard Teng, recently talked about the release of Binance’s founder CZ from jail, which has gotten people excited about BNB’s future. At the same time, Immutable (IMX) is making news with a new partnership with GRAMPUS to grow in Web3 gaming. But the standout right now is BlockDAG, a new kind of network that’s catching everyone’s attention. Its testnet has gotten great feedback, and some think it might even outdo Solana. This success has helped BlockDAG’s early sales, pulling in over $10 million in just 72 hours. With nearing $94 million collected so far, BlockDAG is quickly becoming the crypto everyone wants to buy, breaking new records for early sales. BNB CEO Talks About CZ’s Future and Market Trends BNB’s CEO, Richard Teng, recently spoke about the release of Binance’s founder Changpeng “CZ” Zhao, saying CZ will decide his own future at the company. Teng also said Binance has learned a lot from past errors, which has helped build more trust. In the last week, BNB’s price went up by 10%, helped a bit by the U.S. Federal Reserve’s recent cut in interest rates. Even though it dropped 1.3% in the last 24 hours, BNB is close to hitting the important $600 mark, a level a lot of people are watching. This threshold shows the coin’s strong performance and the positive mood in the market. With these updates, BNB stays a major player in the crypto world, keeping its spot as one of the top tokens out there. Immutable (IMX) Boosts Its Web3 Gaming Plans Immutable (IMX) has made a big move in Web3 gaming by partnering with GRAMPUS CWC. This deal will add two popular games, Norma in Metaland and My Merge Chef, to the Immutable zkEVM platform. The first game, a Web3 version of Cooking Adventure, already has over 33 million players worldwide, setting the stage for Immutable’s ongoing growth in the gaming world. Run on Polygon, the Immutable zkEVM makes things smooth for both players and developers. With more than 400 games being made on the platform, the deal with GRAMPUS shows Immutable’s commitment to changing how digital ownership works in gaming. Robbie Ferguson, co-founder of Immutable, talked about how important it is for players to own their in-game items, letting them trade and sell things across different games. BlockDAG Presale Soon To Hit $100M While BNB and Immutable have established strong names, BlockDAG is becoming a hot topic in the crypto world. With the launch of its testnet and a planned update to its brand, the project is rapidly gaining traction. The BlockDAG Testnet, launched in September 2024, has earned high marks for its speed and security, with many suggesting it could compete with major players like Kaspa and Solana. The testnet lets users check out BlockDAG’s blockchain explorer, create BDAG coins, connect MetaMask wallets, and even try out smart contracts. This direct interaction has been key in building trust and excitement among developers and potential users. The focus on scalability and security has led to notable presale achievements, with over nearing $94 million collected and early supporters seeing profits of 1960%. Additionally, big buyers have invested over $10 million in just 72 hours after the testnet launched, reinforcing predictions that BlockDAG could hit a $30 value after it fully launches. If the momentum continues, analysts believe it could exceed $600 million in presale funds, potentially making it one of the most successful crypto presales ever. As more people become interested in crypto, they increase the demand and liquidity, making BDAG coins even more appealing. Currently, in batch 24, BDAG coins are priced at $0.0206, showing a huge 1960% increase for those who first bought in at batch 1 at just $0.001. For those looking for a promising opportunity, BlockDAG offers an exciting choice. Its cutting-edge technology, strong community support, and successful presale are positioning it as a major player in the blockchain arena. As the network approaches its mainnet launch, the future looks bright for BlockDAG. Key Insights While comments from BNB’s CEO about CZ and the new Immutable (IMX) partnership have generated buzz, BlockDAG has truly captured the spotlight. Its powerful testnet, known for its efficiency, has driven a record-breaking presale. Within just 72 hours, significant amounts exceeding $10 million were contributed to BlockDAG, marking it as the fastest-growing presale to date. With nearing $94 million already raised, BlockDAG is rapidly establishing itself as the top crypto to acquire. As enthusiasm grows, BlockDAG is outshining competitors like BNB and Immutable. 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.

Investments into the Bitwise Bitcoin ETF totaled $38.8 million. At the same time, $22.1 million was lost by the Grayscale Bitcoin Trust. US spot Bitcoin exchange-traded funds had net inflows of $253.6 million on October 11, after a string of three trading days in which they had seen withdrawals. Farside Investors data reveals that the top two bitcoin funds in terms of net inflow were the Fidelity Wise Origin Bitcoin Fund with $117.1 million and the ARK 21Shares Bitcoin ETF with $97.6 million. Investments into the Bitwise Bitcoin ETF totaled $38.8 million, the most it has received in eleven trading days. Similarly, Bitcoin ETFs offered by Invesco Galaxy and VanEck also experienced inflows. iShares Bitcoin Trust (IBIT) of BlackRock, Franklin Templeton, Valkyrie, and WisdomTree, all of which are Bitcoin exchange-traded funds (ETFs), had zero flow on the same day. Grayscale Bleeding Continues This was the third-biggest day of combined inflows while BlackRock’s IBIT was ineffective. At the same time, $22.1 million was lost by the Grayscale Bitcoin Trust. Inflows of $253.6 million more than made up for outflows of $140 million from Bitcoin ETFs during October 8th and 10th. According to CoinGecko, it followed a 7.3% increase in Bitcoin’s price to a local high of $63,360 on October 11. And is currently trading at $63,337. Net inflows to spot Bitcoin ETFs have totaled $21.7 billion for BlackRock. With Fidelity only $15 million short of the $10 billion mark. Out of all the spot Bitcoin ETF issuers, Bitwise and ARK 21Shares are the only two that have net inflows of $2B or more. With the Grayscale Bitcoin Trust’s outflow of nearly $20 billion, the total net inflows for all spot Bitcoin ETFs are at $18.9 billion. On October 11th, seven out of nine US-based spot Ether ETFs registered zero inflows. This is the third occurrence in the last five trading days. Highlighted Crypto News Today: Will Shiba Inu’s 1436% Burn Rate Surge Spark a Bullish Breakout?

Avalanche (AVAX) has regained traction, showing signs of a potential bullish resurgence as it approaches a key resistance level at $29.35. After a period of consolidation, AVAX’s price action hints at a possible breakout, which could trigger a strong upward movement. With technical indicators showing signs of strength, the market’s focus now shifts to whether Avalanche can sustain this upward momentum and push past the $29.35 barrier for a sustained move higher. This analysis aims to evaluate Avalanche’s recent price rebound and assess whether it has the momentum to break through the key $29.35 resistance level. By examining technical indicators, market sentiment, and price trends, we seek to determine if the token is poised for further gains, setting the stage for a sustained rally in the coming sessions. AVAX’s Strong Bounce: Will Momentum Continue? Following the bullish comeback at $25, AVAX’s price on the 4-hour chart has continued to gain strength to surge toward the $29.35 resistance level. AVAX is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a potential breakout. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the signal line has risen above the 50% mark and is currently sitting at 74%, indicating strong bullish momentum. As long as the RSI remains elevated and buyers maintain control, the asset could experience additional gains with the possibility of reaching new highs. Additionally, the daily chart illustrates that AVAX is showcasing a significant upward push, characterized by a positive candlestick pattern following its rebound above the 100-day SMA. The asset is currently attempting to breach the critical resistance level at $29.35. Successfully overcoming this barrier would reinforce the prevailing upward trend and boost market sentiment, signaling heightened buying interest. Finally, on the 1-day chart, a detailed examination of the RSI formation indicates that Avalanche may maintain its optimistic trajectory. The indicator’s signal line after dropping to 44% is rising again and is currently positioned at 59%, indicating that buying pressure could remain strong and potentially drive further price appreciation in the near term. What’s Next For Avalanche If $29.35 Is Breached? If Avalanche successfully breaches the critical resistance level of $29.35, it could set the stage for a significant rally toward the $42 resistance mark. A breakout above this level could lead to a series of upward targets, pushing the price toward new highs as market confidence grows. However, if Avalanche fails to maintain this strength and breaks above the $29.35 resistance level, it could result in a pullback, with the price sliding back toward the $18.85 support zone. A breakdown below this level could lead to more losses, possibly targeting lower support areas.