Solana trimmed gains and traded below the $172 support zone. SOL price is consolidating and might struggle to recover above the $165 resistance. SOL price started a fresh decline after it struggled near the $175 zone against the US Dollar. The price is now trading below $170 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a decent upward movement if it stays above the $155 and $150 support levels. Solana Price Extends Losses Solana price struggled to clear the $180 resistance and started a fresh decline like Bitcoin and Ethereum. There was a drop below the $175 and $172 support levels. The bears even pushed the price below $165 and tested the $155 support zone. A low was formed at $155 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $173 swing high to the $155 low. Solana is now trading below $162 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $160 level. The next major resistance is near the $162 level. There is also a key bearish trend line forming with resistance at $162 on the hourly chart of the SOL/USD pair. The main resistance could be $165 or the 50% Fib retracement level of the downward move from the $173 swing high to the $155 low. A successful close above the $165 resistance level could set the pace for another steady increase. The next key resistance is $172. Any more gains might send the price toward the $180 level. More Losses in SOL? If SOL fails to rise above the $165 resistance, it could continue to move down. Initial support on the downside is near the $155 level. The first major support is near the $150 level. A break below the $150 level might send the price toward the $135 zone. If there is a close below the $135 support, the price could decline toward the $124 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is losing pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $155 and $150. Major Resistance Levels – $162 and $165.

Bitcoin, often influenced by long-term holders’ (LTH) decisions, has witnessed significant selling activity among this investor group over the past week. While the reason behind the long-term holders offloading Bitcoin is not certain, the move appears to have impacted BTC, resulting in the recent correction in its price dropping below the $70,000 price mark. Bitcoin’s Long-Term Holders Begins To Cash Out According to an analysis shared by Crypto analyst Maartunn, long-term holders sold approximately 177,617 BTC within the last seven days. Based on data from IntoTheBlock, this trend shows a pattern in which Bitcoin’s long-term investors tend to reduce their holdings during price increases, a behavior often perceived as a “contrarian indicator” in the crypto market, Maartunn reveals. Typically, these LTHs, who hold Bitcoin with a longer investment horizon, tend to buy during downturns and sell during price upticks. Maartunn pointed out that similar patterns were visible during previous bull markets in 2018, 2021, and 2024, indicating a possible strategic response to Bitcoin’s recent price movement. With Bitcoin’s price recovering and returning to levels above $68,000, the distribution of holdings among long-term investors suggests cautious positioning, even as many anticipate a potential upward continuation. Technical Analysis Indicates Key Levels to Watch for Bitcoin As Bitcoin continues to trade around crucial levels, another prominent analyst, known as CryptoBullet, has shared his outlook on the asset’s recent performance and potential upcoming movements. Despite Bitcoin’s brief dip below the $70,000 mark, CryptoBullet expressed limited concern, noting that the asset has maintained three weekly closes above a major resistance line, which indicates resilience. According to his analysis, although Bitcoin has not swept past the previous high set in March, the current consolidation phase is not necessarily a cause for concern. CryptoBullet further highlighted a few significant price zones, particularly between $65,000 and $66,000, which he considers pivotal for determining Bitcoin’s near-term trend. Should Bitcoin fail to hold at these levels, a drop to the $60,000 to $61,000 range could be expected. However, he remains optimistic about a long-term bullish outcome, suggesting that once these levels are tested, Bitcoin could resume its upward trajectory and eventually reach new all-time highs. Featured image created with DALL-E, Chart from TradingView

XRP price is holding the $0.500 support zone. The price is consolidating and aiming for a fresh increase while Bitcoin is trimming gains. XRP price is eyeing a decent increase above the $0.5100 zone. The price is now trading below $0.5095 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $0.5090 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5135 resistance zone. XRP Price Eyes Upside Break XRP price extended losses below the $0.5000 support zone. The price even declined below $0.4980 before the bulls emerged, but losses were limited compared to Bitcoin and Ethereum. A low was formed at $0.4948 and the price started a fresh increase. There was a move above the $0.4985 and $0.500 resistance levels. It cleared the 50% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The price is now trading below $0.5100 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5065 level or the 61.8% Fib retracement level of the recent decline from the $0.5137 swing high to the $0.4948 low. The first major resistance is near the $0.5090 level. The next key resistance could be $0.5135. A clear move above the $0.5135 resistance might send the price toward the $0.5200 resistance. Any more gains might send the price toward the $0.5250 resistance or even $0.5265 in the near term. The next major hurdle might be $0.5350. Another Decline? If XRP fails to clear the $0.5090 resistance zone, it could start another decline. Initial support on the downside is near the $0.500 level. The next major support is near the $0.4950 level. If there is a downside break and a close below the $0.4950 level, the price might continue to decline toward the $0.4880 support in the near term. The next major support sits near the $0.4740 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now near the 50 level. Major Support Levels – $0.5000 and $0.4950. Major Resistance Levels – $0.5090 and $0.5135.

Willemstad, Curaçao, November 4th, 2024, Chainwire EarnBet.io, a leading online crypto betting platform, proudly announces that it has surpassed the $2 billion mark in player winnings and rewards. This achievement underscores the platform’s rapid growth and unwavering commitment to delivering a unique gaming experience. EarnBet is a dedicated and innovative gambling platform that’s been providing a seamless, player-friendly gaming experience since 2017. The site has uniquely distinguished itself as one of the best betting platforms, known for wildly-entertaining original games, a commitment to transparency, and best-in-class player rewards programs. Last year, EarnBet processed over $20 million in money rains, rakeback, leaderboard rewards, and buy backs to its EBET token for users all over the world. Recently, the platform has launched more fan-favorite in-house games to go along with their cutting-edge digital currency wallet system, helping players consistently streamline their deposits and withdrawals with minimal downtime and maximum satisfaction. Massive Site Improvements EarnBet originally launched as the first fully decentralized casino—a platform built entirely on a blockchain. While innovative and technologically impressive, the team realized that the platform’s blockchain infrastructure was holding it back from its true potential as a top ten global casino. In 2023, EarnBet tripled its developer team and overhauled the site, merging the best parts of blockchain and crypto functionality with a more robust architecture that could scale to meet the needs of its rapidly growing player base. This revamped site is exceptionally user-centric, featuring hassle-free sign-ups, instant withdrawals and deposits, and a generous player rewards system. $15 Million Processed In Rakeback Rewards this Year Introducing an industry-leading rakeback system, EarnBet.io offers players up to 62.5% cashback on every bet—win or lose. This year, over $15 million in rakeback rewards have been processed, rewarding player loyalty. The rakeback program takes advantage of EarnBet’s new Profile Leveling Progression (PLP) system, making instant cash-back rewards available to each player regardless of level. The more users play, the more Experience Points (XP) they receive, and the higher the rakeback percentage. If players want to increase their rewards even faster, they can stake EarnBet’s EBET token to turbocharge their rakeback level. On top of these rewards, EarnBet also offers a unique VIP Members Club, offering additional rewards and perks for larger players, including direct access to the team. An Expanded Portfolio of 5,000 Adrenaline-Pumping Games Demonstrating its commitment to player enjoyment, EarnBet.io has added over 5,000 new interactive games, including slots, poker, baccarat, blackjack, and live games. Collaborations with top-tier game developers like BGaming, Betsoft, Gameart, Mascot, Mancala, Evolution, Pragmatic Play, Red Tiger, NoLimit City, and many others ensure a rich and thrilling gaming experience. A Revitalized Focus on Community EarnBet recently launched a chat tipping feature to help players connect with each other by sharing rewards and achievements. They also have some exciting PvP games planned for the future to further bolster the social aspect of the platform. About EarnBet Since its inception, EarnBet has continuously strived to push the boundaries of what an online crypto betting platform can be. They are among a handful of reputable and licensed platforms that have continuously thought outside the box to combine blockchain technology with an innovative player rewards programs and a streamlined depositing and withdrawing process. The launch of their revamped website marks a major milestone in their journey to become a dominant force in the crypto casino space, with more exciting releases planned for 2025. To experience the next level of crypto betting users can visit www.EarnBet.io and join the community today. Contact EarnBet Team [email protected]

London, UK, November 4th, 2024, Chainwire WebZero has announced the full agenda for its conference sub0 reset, inviting developers, investors and innovators to join Polkadot founder Dr Gavin Wood, along with industry leaders from Parity and the Web3 Foundation, to work on building JAM, a new paradigm paving the way forward for writing and securing Web3 applications. The three day event from 9-11 November in Bangkok is dedicated to the most exciting innovation of the Polkadot ecosystem: advancing Gavin Wood’s visionary JAM chain project into the implementation stage and showcasing the most innovative projects built on Substrate. JAM takes Polkadot’s current architecture to a new level of flexibility, in which Polkadot’s cores can be used for any verification task, whether for smart contracts or sovereign blockchains, maximizing the potential of the cores. It seeks to offer a real solution to the scalability vs coherency dilemma in Web3. sub0 reset kicks off with a dedicated education day. Attendees can learn from industry greats such as Polkadot founder Robert Habermeier and Avail’s Anurag Arjun, and join barcamp deep-dives focused on Substrate. Day two is Modularity Day, with discussions from leading innovators at Avail, R0gue, Midnight and Parity Technologies. Day three is JAM & Scalability day, building out Polkadot’s founder Gavin Wood’s vision to transform the ecosystem into the world’s first global computer. The venue’s 24/7 hackerspace will give new teams the chance to co-work and compete for 10k USD in prizes. Agenda highlights Saturday 9th Interoperability deep-dive from Anurag Arjun 12:00pm, main stage Keynote from Robert Habermeier, 12:30pm, main stage Sunday 10th Workshop: Building on Polkadot – Shawn Tabrizi, Parity 14:00-15:00 Building bespoke Web3 gaming experiences, John Linden, Mythical Games 16:30-17:10 JAM Day – Monday 11th Demystifying Jam – Kian Paimani, Parity 11:00am Keynote speech on JAM from Dr. Gavin Wood – 17:00-18:00pm JAM Toaster: developers can test and optimise JAM implementations on a full-scale simulation of the network with 1,023 nodes at full capacity and 16,384 AMD CPUs. – All day The Venue Spectacular five-floor industrial venue 24/7 hackerspace with bounties and $10k prize Rooftop oasis Free catering and drinks from a private chef Practical details: Sub0 reset is taking place at 127 Na Ranong Rd, Khlong Toei, Bangkok from 9-11 November, 2024. A limited supply of free tickets for sub0 reset are available here. The event runs from 10 AM until late each day. Make sure to subscribe to the WebZero Luma for full scheduling opportunities. The hackerspace runs 24 hours a day, ensuring developers can build at all hours of the night with food and beverages provided free of charge. Media lounge and recording rooms are provided. The event will be streamed on the Polkadot Youtube channel. For any further media enquiries, please contact [email protected] About WEBZERO WebZero is a developer experience builder that is establishing a hybrid between event production and developer relations, based on its own unique vision and methodology. About Polkadot Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future. Contact Manager of comms / PR Jonathan Duran Distractive [email protected]

Bullish RAY price prediction for 2024 is $3.699 to $5.476. Raydium (RAY) price might reach $10 soon. Bearish RAY price prediction for 2024 is $1.389. In this Raydium (RAY) price prediction 2024, 2025-2030, we will analyze the price patterns of RAY by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION cat in a Raydium (RAY) Current Market Status What is cat in a Raydium (RAY)? cat in a Raydium (RAY) 24H Technicals CAT IN A RAYDIUM (RAY) PRICE PREDICTION 2024 cat in a Raydium (RAY) Support and Resistance Levels cat in a Raydium (RAY) Price Prediction 2024 — RVOL, MA, and RSI cat in a Raydium (RAY) Price Prediction 2024 — ADX, RVI Comparison ofRAY with BTC, ETH CAT IN A RAYDIUM (RAY) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ Raydium (RAY) Current Market Status Current Price $3.21 24 – Hour Price Change 0.92% Down 24 – Hour Trading Volume $85.28M Market Cap $848.35M Circulating Supply 263.85M RAY All – Time High $16.93 (On September 13, 2021) All – Time Low $0.1343 (On December 30, 2022) RAY Current Market Status (Source: CoinMarketCap) What is Raydium (RAY) TICKER RAY BLOCKCHAIN Solana CATEGORY DeFi (Decentralized Finance) LAUNCHED ON February 2021 UTILITIES Governance, Launchpad, Staking and Token Burninb Raydium (RAY) is a decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. Known for its high-speed transactions and low fees, Raydium provides liquidity and trading capabilities for the Solana ecosystem, supporting both its native tokens and various assets bridged from other blockchains. Unlike traditional AMMs, Raydium integrates directly with Serum’s on-chain central limit order book, giving it access to Serum’s liquidity and enabling traders to interact with an order book model. Raydium offers yield farming, allowing users to earn RAY tokens by providing liquidity. It also features “Fusion Pools” for staking and yield optimization. The platform aims to deliver a comprehensive DeFi experience with fast, secure, and scalable options for swapping, trading, and earning within Solana. As Solana’s DeFi space expands, Raydium remains a key player in facilitating seamless and efficient trading and liquidity solutions. Raydium 24H Technicals (Source: TradingView) Raydium (RAY) Price Prediction 2024 Raydium (RAY) ranks 71st on CoinMarketCap in terms of its market capitalization. The overview of the Raydium price prediction for 2024 is explained below with a daily time frame. RAY/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Raydium (RAY) laid out a horizontal channel pattern. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Raydium (RAY) was recorded at $3.21. If the pattern trend continues, then the price of RAY might reach the resistance levels of $3.648, and $4.353. If the trend reverses, then the price of RAY may fall to the support of $3.306, and $2.958. Raydium (RAY) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Raydium (RAY) in 2024. RAY/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Raydium (RAY) for 2024. Resistance Level 1 $3.699 Resistance Level 2 $5.476 Support Level 1 $2.334 Support Level 2 $1.389 RAY Resistance & Support Levels Raydium (RAY) Price Prediction 2024 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (RAY) are shown in the chart below. RAY/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Raydium (RAY) market in 2024. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $2.151Price = $3.369 (50MA < Price) Bullish/Uptrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 65.415 <30 = Oversold 50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak volume Raydium (RAY) Price Prediction 2024 — ADX, RVI In the below chart, we analyze the strength and volatility of Raydium (RAY) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). RAY/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Raydium (RAY). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 70.692 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 69.11 <50 = Low >50 = High High volatility Comparison of RAY with BTC, ETH Let us now compare the price movements of Raydium (RAY) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs RAY Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of RAY is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of RAY also increases or decreases respectively. Raydium (RAY) Price Prediction 2025, 2026 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Raydium (RAY) between 2025, 2026, 2027, 2028, 2029, and 2030. Year Bullish Price Bearish Price Raydium (RAY) Price Prediction 2025 $12 $0.09 Raydium (RAY) Price Prediction 2026 $14 $0.08 Raydium (RAY) Price Prediction 2027 $16 $0.07 Raydium (RAY) Price Prediction 2028 $18 $0.06 Raydium (RAY) Price Prediction 2029 $20 $0.05 Raydium (RAY) Price Prediction 2030 $22 $0.04 Conclusion If Raydium (RAY) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Raydium (RAY) price prediction for 2024 is $5.476. Comparatively, if unfavorable sentiment is triggered, the bearish Raydium (RAY) price prediction for 2024 is $0.1187. If the market momentum and investors’ sentiment positively elevate, then Raydium (RAY) might hit $10. Furthermore, with future upgrades and advancements in the Raydium ecosystem, RAY might surpass its current all-time high (ATH) of $16.93 and mark its new ATH. FAQ 1. What is Raydium (RAY)? Raydium (RAY) is a decentralized exchange (DEX) and automated market maker (AMM) built on the Solana blockchain. 2. Where can you buy Raydium (RAY)? Traders can trade Raydium (RAY) on the following cryptocurrency exchanges such as Binance, Coinbase, KuCoin, Gate.io, Kraken, OKX, Bybit, and Huobi 3. Will Raydium (RAY) record a new ATH soon? With the ongoing developments and upgrades within the Raydium platform, Raydium (RAY) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Raydium (RAY)? Raydium (RAY) hit its current all-time high (ATH) of $16.93 on September 13, 2021. 5. What is the lowest price of Raydium (RAY)? According to CoinMarketCap, RAY hit its all-time low (ATL) of $0.1343 on December 30, 2022. 6. Will Raydium (RAY) hit $10? If Raydium (RAY) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon. 7. What will be the Raydium (RAY) price by 2025? Raydium (RAY) price might reach $12 by 2025. 8. What will be the Raydium (RAY) price by 2026? Raydium (RAY) price might reach $14 by 2026. 9. What will be the Raydium (RAY) price by 2027? Raydium (RAY) price might reach $16 by 2027. 10. What will be the Raydium (RAY) price by 2028? Raydium (RAY) price might reach $18 by 2028. Top Crypto Predictions Flare (FLR) Price Prediction Kaspa (KAS) Price Prediction THORChain (RUNE) Price Prediction Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance. Ethereum started a fresh decline from the $2,550 resistance zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $2,445 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it surpasses the $2,445 and $2,500 resistance levels. Ethereum Price Extends Losses Ethereum price struggled to stay above $2,500 and started a fresh decline like Bitcoin. ETH declined below the $2,450 and $2,420 levels. It tested the $2,350 support zone. A low was formed at $2,357 and the price is now attempting to recover. There was a move above the $2,385 resistance zone. The price tested the 23.6% Fib retracement level of the downward move from the $2,583 swing high to the $2,357 low. Ethereum price is now trading below $2,500 and the 100-hourly Simple Moving Average. There is also a new connecting bearish trend line forming with resistance at $2,445 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,445 level and the trend line. The first major resistance is near the $2,470 level or the 50% Fib retracement level of the downward move from the $2,583 swing high to the $2,357 low. The main resistance is now forming near $2,500. A clear move above the $2,500 resistance might send the price toward the $2,550 resistance. An upside break above the $2,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,620 resistance zone. Another Decline In ETH? If Ethereum fails to clear the $2,445 resistance, it could start another decline. Initial support on the downside is near the $2,380 level. The first major support sits near the $2,350 zone. A clear move below the $2,350 support might push the price toward $2,285. Any more losses might send the price toward the $2,220 support level in the near term. The next key support sits at $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,360 Major Resistance Level – $2,500

Bitcoin (BTC) exchange-traded funds (ETFs) have collectively acquired over one million BTC in less than a year since their launch, reflecting strong demand for the digital asset among investors. Bitcoin ETFs Surpass One Million BTC Milestone According to a chart shared by crypto analyst Ali Martinez on X, the cumulative BTC holdings in Bitcoin ETFs have exceeded one million BTC within this short period. To recall, after a lot of deliberation, the US Securities and Exchange Commission (SEC) approved spot Bitcoin ETFs earlier this year in January. To say that Bitcoin ETFs have proven to be a resounding success won’t be an overstatement. Bitcoin ETFs have recorded a cumulative total net inflow of $24.15 billion to date. Martinez added that the total value of BTC held by these ETFs currently stands at approximately $70 billion. From a price perspective, BTC has jumped from about $41,900 on January 8 to its current price of $68,941, marking an increase of almost 65%. During this period, BTC reached an all-time high (ATH) of $73,737 in March. With over a million BTC now held in Bitcoin ETFs, roughly 5% of the total 21 million BTC supply is tied up in these financial products, reinforcing Bitcoin’s scarcity narrative. Notably, asset manager BlackRock’s IBIT spot BTC ETF leads the market, holding approximately $30 billion net assets. Grayscale’s GBTC follows with $15.22 billion, and Fidelity’s FBTC ranks third with $10.47 billion in net assets. The growing interest in Bitcoin ETFs is also highlighted in a recent CoinShares report, which found that digital asset investment products attracted inflows of over $2.2 billion last week. CoinShares attributed the recent surge in crypto product inflows to the possibility of a Republican victory in the upcoming US presidential election on November 5. Interestingly, higher inflows were seen at the beginning of the week, while outflows emerged toward the end as Democratic candidate Kamala Harris’s odds of winning improved. At the time of writing, decentralized prediction markets platform Polymarket shows Harris a 41.6% chance of winning the presidency, while Republican candidate Donald Trump remains the favorite with a 58.5% chance. Trump Win To Benefit Crypto, Experts Opine While voter opinion on other policies might be split more evenly, the overall consensus as far as crypto is concerned seems to be that a Trump victory may benefit BTC and other digital assets. Earlier this month, JPMorgan stated that retail investors increasingly view BTC as a ‘debasement trade’ to protect their assets’ purchasing power amid inflation and that a Trump win could provide ‘additional upside’ to BTC. That said, Kamala Harris, Biden’s current vice president, is reportedly taking a fresh approach to digital assets, in contrast to the current administration’s perceived cautious stance. Whether this will boost her popularity among crypto-focused voters remains to be seen. At press time, Bitcoin is trading at $68,941, up 0.8% in the past 24 hours. According to CoinGecko data, Bitcoin dominance stands at 56.7%.

Bitcoin price is struggling below the $69,500 zone. BTC is showing signs of weakness and upsides might be capped near the $69,200 level. Bitcoin started a fresh decline from the $70,000 zone. The price is trading below $70,000 and the 100 hourly Simple moving average. There is a new connecting bearish trend line forming with resistance at $68,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $69,200 resistance zone. Bitcoin Price Faces Hurdles Bitcoin price failed to start a fresh increase and extended losses below the $70,500 zone. There was a move below the $70,000 and $69,200 support levels. The price even declined below $68,000 and tested $66,800. A low was formed at $66,836 and the price is now attempting to recover. There was a move above the $67,500 resistance. The price tested the 23.6% Fib retracement level of the downward move from the $71,576 swing high to the $66,836 low. Bitcoin price is now trading below $70,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $68,200 level. There is also a new connecting bearish trend line forming with resistance at $68,400 on the hourly chart of the BTC/USD pair. The first key resistance is near the $69,200 level or the 50% Fib retracement level of the downward move from the $71,576 swing high to the $66,836 low. A clear move above the $69,200 resistance might send the price higher. The next key resistance could be $70,000. A close above the $70,000 resistance might initiate more gains. In the stated case, the price could rise and test the $71,200 resistance level. Any more gains might send the price toward the $72,000 resistance level. Another Decline In BTC? If Bitcoin fails to rise above the $69,200 resistance zone, it could start another decline. Immediate support on the downside is near the $67,400 level. The first major support is near the $66,800 level. The next support is now near the $66,500 zone. Any more losses might send the price toward the $65,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $67,500, followed by $66,800. Major Resistance Levels – $69,200, and $70,000.

The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin’s Market Value to Realized Value (MVRV) ratio, a metric often used to gauge Bitcoin’s value compared to its on-chain fundamentals. With macroeconomic factors creating uncertainty in the crypto markets, CoinLupin shared insights on the significance of MVRV for evaluating Bitcoin’s current market position. MVRV And Historical Cycle Peaks The MVRV ratio, currently around 2, indicates that Bitcoin’s market value is approximately double its on-chain realized value, reflecting the average price paid by all asset holders. CoinLupin explained that the key lies in observing trend changes within the MVRV ratio over time rather than fixating on this absolute value. Using the 365-day Bollinger Band for MVRV along with the 4-year average—a common reflection of Bitcoin’s cyclical trends—the analyst noted that the MVRV ratio is currently above the long-term average and recently exceeded its 365-day moving average. According to CoinLupin, this suggests that Bitcoin’s upward trend remains intact. CoinLupin elaborated on the potential significance of Bitcoin’s MVRV levels, particularly regarding historical cycle peaks. In previous cycles, Bitcoin has typically peaked when the MVRV ratio is between 3 and 3.6. While Bitcoin’s current MVRV of 2 does not yet approach this peak range, the upward trend in the MVRV indicates that the market may still have room for growth if historical patterns hold. Should the Realized Value (RV) remain constant, CoinLupin’s analysis projects that Bitcoin would need a price increase of around 43% to 77% to reach an MVRV level between 3 and 3.6. This translates to a potential price target range of $95,000 to $120,000, provided market conditions support upward momentum. However, the analyst also noted that the Realized Value could increase as new buying interest emerges, potentially pushing peak valuations beyond these estimated levels. Bitcoin Market Performance After several weeks and days of building momentum to surge past the $70,000 resistance, Bitcoin has again fallen below this price mark, indicating that there might not be enough momentum yet to move further to the upside. So far, the asset has declined by nearly 1% in the past week. However, BTC currently trades for $68,306, recording a slight increase in price by 1% as its 24-hour high remains at $69,317. Interestingly, despite the slight dip in price in the past weeks, Bitcoin’s daily trading volume has registered an increase over this period. Particularly, data from CoinGecko shows that BTC’s 24-hour trading volume has increased from below $30 billion last Monday to currently above $38 billion as of today. Featured image created with DALL-E, Chart from TradingView

Bitcoin has faced significant volatility and uncertainty as it approaches a pivotal week, with tomorrow’s U.S. election expected to play a key role in determining its price action. BTC is holding steady above the $68,000 mark, a critical level that has shifted from resistance to a solid demand zone. Analysts see this level as essential for maintaining bullish momentum, especially with high-stakes events on the horizon. Key data from Coinglass reveals a notable drop in Bitcoin’s open interest, suggesting that many investors are closing their positions amid the uncertainty surrounding the election and the Federal Reserve’s upcoming interest rate decision on Thursday. This decline in open interest reflects a cautious market stance as traders anticipate the election outcome and its potential influence on broader financial markets and Bitcoin’s trajectory. With BTC managing to hold above this demand zone, the coming days will be crucial for confirming its direction. A sustained hold could strengthen BTC’s outlook, setting it up for a potential breakout. Conversely, increased selling pressure tied to market reactions could put this level to the test. The week ahead could be a defining moment for Bitcoin’s price action as macro events unfold. Bitcoin Investors Preparing For This Week Bitcoin is gearing up for what could be the most defining week of this market cycle. Approaching all-time highs, BTC is facing heightened volatility as two critical events unfold: the U.S. presidential election and the Federal Reserve’s decision on interest rates. These events are poised to impact Bitcoin and global financial markets, potentially shaping global trade policies and economic stability. Recent data from Coinglass highlights that investors are bracing for a turbulent week as open interest in Bitcoin dropped significantly, with many traders opting to close their long and short positions before the election. This retreat in open interest signals caution, as the crypto market anticipates significant volatility stemming from the election results and the Fed’s rate decision. Coinglass shared an analysis on X, emphasizing that Bitcoin’s price could experience extreme swings regardless of who wins the election, likening it to a “wild rollercoaster.” This week is crucial for Bitcoin and the broader global economy, with analysts suggesting that the election could set the tone for international economic policies and trade relations in the years to come. The Fed’s rate decision, scheduled just days after the election, adds additional uncertainty, as it could dictate monetary policy direction and market liquidity. With BTC teetering near historic highs, investors are closely watching these events to learn about market direction. Whether Bitcoin breaks to new heights or experiences a pullback largely depends on the unfolding economic landscape. For now, Bitcoin remains on edge, with investors poised for a week that could define its trajectory for the months ahead. BTC Testing Crucial Liquidity Bitcoin is trading at $68,800 after falling short of breaking its all-time highs last week. This week promises heightened unpredictability for BTC’s price action, driven by major events in the global economy. Key levels will be essential to watch: if Bitcoin can maintain support above $68,000, it will likely set the stage for another attempt to surge past its record high. However, volatility may test this support, potentially shaking out “weak hands” before any significant upward momentum. Should BTC dip below $68,000, further pullbacks could follow, allowing institutional buyers to accumulate before a renewed push. If Bitcoin successfully breaks above its $73,794 all-time high, it will enter a price discovery phase, where the lack of resistance can trigger a rally fueled by FOMO (fear of missing out) among investors. This upward momentum in a price discovery zone often leads to rapid price increases as more buyers enter the market. As Bitcoin edges to this level, market participants remain watchful, anticipating a potential breakout that could redefine the broader market sentiment and establish new highs for the cycle. Featured image from Dall-E, chart from TradingView

Bitcoin mining is now a highly competitive industry that’s not just expensive but technology-intensive as well. Individuals interested in joining the growing mining industry must invest in a specialized computer system, steady internet, reliable energy supply, and a good amount of skill to manage the process. As such, miners often turn to credit facilities to fund their operations. Today, mining costs continue to grow, with some experts saying that costs have skyrocketed to $49,500 as of the second quarter. CoinShares reports that the second quarter data is $2,300 more than the first quarter when mining costs average $47,200. The investment company further explained that the miners’ cash expenses average $85,900, and prediction costs amount to $96,100. Failing to secure a credit line is now a common complaint among BTC miners, while others say rising interest rates worsen their situation. BTC Miners Fail To Capitalize On Recent Price Rallies Bitcoin mining is inextricably linked to the digital asset’s extreme volatility. For example, many of our miners failed to capitalize on the rumors of Bitcoin ETFs circulating in late 2023. In January 2024, the Securities Exchange Commission (SEC) finally approved the applications of at least 11 ETFs, pushing Bitcoin to breach the $70k level. The sudden increase in the asset’s valuation only showed that the mining industry is sensitive to these price movements, especially after the halving of rewards took effect. Today, many mining analysts are looking at models that can anticipate the asset’s continuing increase in hash rate. Current models used by most miners expect the rate to hit 765 EH/s. Time For BTC Mining To Embrace Alternative Energy Sources? One of the complaints against BTC mining is that it hurts the environment due to the massive energy requirements, not to mention the carbon footprint it emits. Experts say that if miners use alternative energy sources, we can reduce our carbon footprint by 63% by 2050. Miners should be ready to embrace these alternative energy sources since expenses grow as the hash rate increases. As Costs Rise, Some Bitcoin Miners Turn To AI Since mining efficiency is starting to fall, many miners are looking for ways to augment their revenues. For example, many experienced miners are holding tokens instead of mining them. Others turn to AI-related solutions as a potential source of revenue. It’s safe to say that the BTC mining industry is entering a new phase. When planning and moving forward, miners and other stakeholders must consider the challenges, from costs to compliance to competition. As costs continue to increase, miners must find solutions and options to remain profitable. Featured image from Dall-E, chart from TradingView

The Bitcoin price has posted five consecutive red daily candles since it stopped just short of its all-time high at $73,620 last Tuesday. As a result, the BTC price has fallen by around 7%. This decline is evident on the weekly chart, which shows a major bearish weekly candle – a gravestone doji. Chartered Market Technician (CMT) Aksel Kibar noted via X, “BTCUSD weekly candle can look similar to GOLD,” and explained that it indicates a reversal is on the horizon. However, he added, “It is not dependable as an individual candle. Best to combine it with a following weak candle as a confirmation of trend reversal. […] The market narrative is that the bulls attempt to push to new highs over the session but the bears push the price action to near the open by the session close. Bitcoin To Hit $75,000 By End Of November? Despite this, Singapore-based crypto trading firm QCP Capital remains bullish in its latest investor note, highlighting significant shifts in both political prediction markets and the BTC derivatives market. According to QCP Capital, the odds on the decentralized prediction market Polymarket have “moved closer to actual poll estimates,” with Vice President Kamala Harris and former President Donald Trump “locked in a tight race.” While Polymarket still favors Trump at 55%, this marks a decrease from 66% a week ago, indicating a narrowing margin that aligns more closely with mainstream polling data. The firm also noted a cautious sentiment prevailing in the cryptocurrency market. The “sideways price action over the weekend” and a decrease in leveraged perpetual futures positioning—from $30 billion to $26 billion across exchanges—suggest that traders are adopting a wait-and-see approach. This pullback may be due to uncertainties surrounding macroeconomic factors or the upcoming election. Despite the current market hesitancy, QCP Capital sees potential for significant upward movement in Bitcoin’s price. The firm questioned whether this is “the calm before a break from the multi-month range and push toward all-time highs.” Supporting this outlook, QCP observed an increase in topside positioning with substantial buying of end-November $75,000 call options since last Friday. This surge in call options at that strike price suggests that traders are positioning for a substantial rally by the end of November. Additionally, the firm highlighted increased activity in options tied to the election date. “Election-date options positions are also rising,” QCP noted, with Friday implied volatility exceeding 87%, even as realized volatility remains at 40%. The elevated implied volatility indicates that options traders are anticipating significant price swings around the election period. Looking ahead, QCP Capital expects Bitcoin’s spot price to remain range-bound until the US election results provide more clarity. The firm stated that they “expect spot to chop around this range until we get more clarity on the election results this week,” adding that “a Trump win is likely to cause a knee-jerk reaction higher, and vice versa if Kamala wins.” At press time, BTC traded at $68,852.

Just hours away from the US presidential elections, PolitiFi tokens have seen a remarkable boost. The sector has experienced a nearly 10% surge in the last 24 hours, with Trump-themed memecoins leading the way. Following the recent performance, some investors forecast a massive rally for these tokens in the coming days. Trump-Themed Memecoins See 30% Jump The PolitiFi sector gained popularity after several memecoins inspired by US politicians registered a massive performance earlier this year. Some tokens had their market capitalization break above the $100 million mark, with a couple still holding the feat. Memecoins inspired by the former US President and Republican candidate Donald J. Trump have led the sector throughout his presidential campaign. The tokens recorded massive rallies this year, hitting their peak during Q2. Cryptocurrencies like MAGA (TRUMP) and Doland Tremp (TREMP) hit the $17 and $1.5 marks, respectively, as their all-time high (ATH), fueled by Trump’s crypto-friendly statements. However, most of these cryptocurrencies have retraced significantly since June, pulling back over 70% in most cases. Now that the elections are just hours away, the PolitiFi sector is soaring again, surging around 10% in the last 24 hours, while the crypto market sees a 1.5% retrace. Memecoins themed after Trump held their lead, registering green performance during the past day. TRUMP has seen a 26% surge in the last 24 hours, trading above the $3.8 range. Meanwhile, MAGA Hat (MAGA) records a 32.6% price jump in the same timeframe, nearing a $90 million market cap earlier today. MAGA’s daily trading activity has also increased nearly 30%, registering a $41.7 million trading volume on the last day. PolitiFi Tokens In The Hands Of The Election The sector’s rally is seemingly fueled by the anticipation surrounding the elections. Notably, volatility is forecasted to peak in the following days as speculation about the election’s outcome increases. Some investors believe the PolitiFi token’s rally will continue in the following days, with Trump-themed memecoins expected to skyrocket in case of Trump’s victory. Just 10 hours before the election, the Republican candidate’s winning odds are considerably higher than the Democratic nominee, Kamala Harris. Polymarket’s live forecast shows that Trump leads the prediction market with a 15% gap. Following the presidential debate, the former president lost ground to the US Vice President in early September. At the time, the Democratic nominee surpassed Trump’s winning odds by 4%. However, these have seen a significant retrace in the last month. The Republican candidate regained his lead in October, recording a considerable 33% gap between his winning odds and Harris’. By the end of the month, Trump led the predictions market with a 66% chance of winning, which has now retraced to 57%. Amid Trump’s winning odds, the memecoins inspired by the US VP have recorded a considerable decrease in the past day. Kamala Horris (KAMA), the largest Harris-inspired token, retraced nearly 25% in the last 24 hours, seeing a 34% decrease in daily trading activity.

The price of TRON (TRX) has been on an impressive run of late and established a double-top technical formation. Technical analysts typically utilize this pattern to forecast a trend reversal when an asset reaches its peak. Tron is currently trading close to its all-time high level, which has attracted traders’ attention to the double-top. TRX is selling at $0.1654, and currently with a price projection of 67% in the next three months, CoinCheckup data reflect. However, the estimate permits some safety line, traders are starting to get more worried due to the changes in the market. Increase In Sales Volume Raises Concerns In a recent post, analyst Alan Santana saw a significant increase in selling volume, which raised concerns about market pressure. High selling volume typically indicates that upward momentum is beginning to wane, particularly when paired with pessimistic sentiment. This pattern may be concerning for TRX traders as it suggests that a decline may be imminent. Experts believe such a reduction could occur even in the coming weeks or months, despite the pattern being harder to predict. In addition to these worries, there isn’t enough good buying volume. Peak purchasing activity typically comes before price growth in a healthy market. Regretfully, TRX hasn’t been like this recently. It is evident from the present trading activity that buyers are not entering the market with sufficient zeal, which could be short-term bad news for TRON investors. TRON Holding Period Down TRX investors have been holding TRON coins for a shorter period of time as the holding period fell by a whopping 70% as of lately. The downtime can be seen as a thanks to the lack of faith investors have in the coin’s value in the future. The number of people who have a habit of keeping their TRON coins for a longer duration has also fallen. This has happened due to the fact that more investors have started selling their coins. The CMF indicator, which is the measure of the pulled push activity, also makes this view stronger. Will TRX Make It Big In 6 Months? TRX is currently down 2.02% over the past day. This could be due to traders being cautious. In light of this double top and the rise in selling volume, traders should exercise caution in order to anticipate and seize the trend reversal and subsequent decline. Even though these are short-term concerns, TRON still has the chance to overcome them with great optimism in the long run. Experts believe that TRON will grow by 141% in six months, showing strength, and it may go up to a surprising number at one year with 180% growth. Traders should continue to watch for external shocks from market volatility and economic factors that could affect their investment as TRX approaches these respective milestones. Featured image from Coins.ph, chart from TradingView

Victoria, Seychelles, November 4th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, has launched “Pitch n Slay,” a special initiative under its Blockchain4Her program organized to provide exposure for female entrepreneurs in the blockchain space. Building on Bitget’s larger $10 million Blockchain4Her project, the program extends targeted support to promising women-led startups by offering them a chance to secure up to $100,000 in funding by Foresight Ventures. This funding is accompanied by valuable mentorship from experienced professionals in the blockchain industry. The “Pitch n Slay” program, created in partnership with organizations such as World of Women, Women in Web3, and Bitget Wallet, is structured to offer a pathway for women entrepreneurs to receive the capital, guidance, and exposure necessary to scale their projects. Additional partnerships with Foresight Ventures and Morph highlight Bitget’s emphasis on uniting resources and mentorship from leaders within the blockchain ecosystem. Throughout the program, selected participants will undergo a rigorous mentorship and development journey. After an initial pitching round, finalists will receive support in market strategy, scaling, and technology, led by industry experts including Gracy Chen, CEO of Bitget, Taya A, CEO of World of Women, Min Xue, Partner of Foresight Ventures, Tess Hau, Founder of Tess Ventures, and other prominent Web3 leaders. Hosted on 15th November, in Bangkok, Thailand the “Pitch n Slay” program finalists will present their refined projects to a panel of investors and judges. Out of the shortlisted women-run startups top 3 winners will get grants to further their startup journey. The first winner takes home $5000, the second place will be rewarded with $3000 and the third will get $2000 subsequently. All three will be qualified for further pitching to Foresight Ventures, if the deal goes through each can receive funding up to $100K in pre-seed. Bitget’s constant focus on supporting women in Web3 is part of its strategy of creating accessible pathways for funding and growth for women entrepreneurs led by the company’s CEO, Gracy Chen “Bitget is a proudly gender-inclusive organization, with over 45% of our management roles held by women. Through Blockchain4Her, it’s our honor to support women founders with opportunities for exposure, mentorship, and funding. We’ll continue to expand this platform, creating pathways for growth and amplifying women-led startups in Web3,” said Chen. The Pitch n’ Slay initiative directly addresses the underrepresentation of female entrepreneurs in blockchain, providing both the financial and professional support essential for success in a competitive landscape. Applications are open for eligible women-led startups. For more details, visit the application page here About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: [email protected] Risk Warning: Digital asset prices are subject to fluctuation and may experience volatility. Investments should only be made with funds that can be afforded to lose. The value of investments may be impacted, and there is a possibility of not achieving financial goals or recovering the principal investment. Independent financial advice should be sought, and personal financial experience and standing should be carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any losses incurred. This information is not intended as financial advice. Contact PR team [email protected]

As the US presidential election approaches, the Bitcoin price has found a stable support range between $68,000 and $69,000, just shy of its all-time high earlier this year. While the cryptocurrency has struggled to surpass this significant milestone, investor sentiment remains cautiously optimistic, with expectations for further price increases tempered by anticipated market volatility in the upcoming hours. Bitcoin Price Expected To Swing 8% Post-Election The options market indicates the Bitcoin price could see price swings of approximately 8% in either direction following the election, a notable increase compared to the typical 2% fluctuations seen on regular trading days. Caroline Mauron, co-founder of Orbit Markets, a crypto derivatives liquidity provider, noted that “no significant volatility premium is priced in after Nov. 7,” suggesting the market anticipates a relatively swift resolution to the election results. The election pits Republican nominee and former President Donald Trump against Democratic Vice President Kamala Harris, with both candidates eliciting varied responses from the crypto community. Trump’s favorable stance towards cryptocurrencies has positioned Bitcoin as part of the so-called “Trump trades,” especially in light of the regulatory crackdown experienced under President Joe Biden. As Trump’s odds have fluctuated in betting markets, the Bitcoin price has mirrored these changes, briefly nearing record highs before retreating as polls indicate a tightly contested race. The options market reflects a balanced sentiment, with an even distribution of bearish and bullish positions throughout October, indicating that traders are preparing for upward and downward movements as the election draws near. Data from the Deribit exchange suggests a potential trading range of $60,000 to $80,000 for the Bitcoin price in the weeks following the election, based on peak open interest in options contracts. Path To $100,000 Remains Viable Crypto analyst Miles Deutscher has also shared his view on social media, positing that a Trump victory could lead to an immediate Bitcoin price surge, potentially establishing a new all-time high this year. Conversely, the analyst suggests that a win for Harris might result in a price drop, delaying any new highs until Q1 2025. Regardless of the election outcome, Deutscher remains confident that Bitcoin will reach $100,000. Market expert Patric H. adds another layer of analysis, observing that Bitcoin closed the past week above a daily downtrend channel, indicating a potential reversal. However, Patrick notes that the weekly candle shows weakness, prompting market participants to de-risk before the election. His bullish thesis hinges on Bitcoin holding above $65,000; a drop below this level could signal a return to extended price volatility. From a trading perspective, data indicates that perpetual traders on Binance have withdrawn limit buy orders below $50,000, suggesting a shift in sentiment. Previously, there was substantial long interest in the “multi-billion dollar range” between $42,000 and $50,000, but traders appear to have sidelined that capital in favor of higher price levels. The next significant limit buy order is $63,800, with additional smaller orders scattered down to that level, indicating that Bitcoin may not fall significantly below this point. On the upside, the next significant resistance level for the Bitcoin price is $73,000, where substantial selling interest from Coinbase and Binance is noted. Patrick anticipates a potential rejection in the $75,000 to $76,000 range, which could precede a breakout if those levels are successfully breached. At the time of writing, Bitcoin is trading at $68,360, up 0.8% over the past 24 hours. Featured image from DALL-E, chart from TradingView.com

Abu Dhabi, UAE, November 4th, 2024, Chainwire The 2nd Pioneer Test Begins November 20, Running for 10 Days to Ensure Ecosystem Stability Exclusive Events Offer In-Game Rewards Equivalent to 5 Million NXPC The 1st Pioneer Test Achieved 82% Retention Rate and 195,000+ Transactions in 10 Days NEXPACE, an innovative blockchain company, has officially announced the date for the second Pioneer Test of MapleStory Universe. The Open Beta Test will commence on November 20, running for 10 days, with the aim of optimizing system stability and gathering user feedback ahead of the game’s official launch. To celebrate the commencement of its first-ever Open Beta Test, MapleStory Universe has prepared several exciting in-game events and with an estimated in-game reward of up to 5 million NXPC. NXPC is a utility token used to facilitate interactions and enhance the user experience within the MapleStory Universe. With the event expected to be expanded in size of the first Pioneer Test in July, Participants can look forward to: NXPC Events: Earning NXPC for gameplay achievements, such as completing daily logins and trading NFTs. The Genesis points earned may be redeemed for NXPC after the official launch, subject to applicable terms. Make Special Name (IGN event): Playing MapleStory N to collect letters and be the first to secure desired In-Game Name (IGN). Pioneer Swag: Completing the survey and quests to unlock an exclusive outfit. The first Pioneer Test, which ran from July 24 with more than 1,000 testers for 10 days, delivered impressive performance metrics. 92% of testers actively participated throughout the entire test period, resulting in an 82% retention rate. Testers logged over 45,000 hours of gameplay, averaging more than six hours per user daily. Additionally, the ecosystem processed 195,046 transactions without the presence of a premium cash shop, demonstrating the viability of its economy. MapleStory Universe is a virtual world ecosystem designed to host a variety of applications built on the backbone of the MapleStory IP. This ecosystem serves as a hub for creativity, collaboration, and community engagement, supported by integral components that form a comprehensive ecosystem. MapleStory IP boasts over 250 million+ registered users globally and thanks to the extensive resource pool from 21 years of live operations, MapleStory Universe is building a robust ecosystem where users can engage with in-game items enhanced by blockchain technology to enrich community interaction. For more information about the MapleStory Universe’s Pioneer Test, users can visit the Official Website, Discord, X, Facebook and Medium. About NEXPACE NEXPACE, an innovative blockchain company based in Abu Dhabi, pioneers an IP-expansion initiative powered by blockchain technology and NFTs to build a community-driven ecosystem. With a mission to redefine interactive entertainment, NEXPACE creates a vibrant space for exploring, sharing, and engaging with diverse content and gameplay crafted by community members. At the heart of NEXPACE’s ecosystem are principles of transparency, security, and trust, empowering creators to freely share their ideas and enabling users to enjoy immersive experiences. By fostering a culture of creative expression, NEXPACE envisions a secure, collaborative environment that unites ecosystem participants in a thriving digital community. Contact Global PR Bee Shin Wachsman [email protected]

A recent report by Binance Research ‘Understanding the Rise of Memecoins’ explores how economic and cultural changes have fueled the meteoric rise of memecoins as a distinct asset class within cryptocurrencies. The macroeconomic environment, including inflation and growing financial disenchantment, especially among Millennials and Gen Z, is examined first. In this setting, memecoins—which promote the values of fairness, openness, and community development—rose to prominence as high-risk, high-reward investments that take advantage of internet culture. According to the report, the simplicity and memetic value of memecoins—which often revolve on amusing or iconic themes that immediately connect with online communities—are what make them so popular. In contrast to more technologically sophisticated cryptocurrencies, memecoins place a higher priority on inclusivity and accessibility. They are often introduced without venture financing rounds or private sales, which are customary for regular crypto projects. Since everyone in the blockchain realm may join right once, this “fair launch” strategy is commended for facilitating more equal access, emulating the open access paradigm used during the 2017 ICO boom. Memecoins, however, have a number of hazards even while they make investment in digital assets easier and more accessible. According to the analysis, the majority of memecoins are very risky investments due to their poor survival rate—97% have not been able to maintain trade volume. Additionally, insider organizations, or “cabals,” control some memecoins in order to benefit from pump-and-dump scams that take advantage of gullible retail investors. The insufficient contribution of memecoins to the technical advancement of cryptocurrency is also criticized in the research. The majority of memecoins have no real use beyond speculation, in contrast to initiatives concentrating on decentralized finance (DeFi) or Layer 2 solutions, which seek to address certain blockchain scalability and interoperability problems. Concerns of market saturation have arisen as a result, as an abundance of coins with identical themes dilutes value and does nothing to spur innovation. The attractiveness of memecoins is often derived from their stories, creating groups together not by technical usefulness but by common values or amusing connections. The research contends that, in spite of these objections, Web3 developers can learn a lot from memecoins, especially about how to create communities and launch tokens fairly. Memecoins encourage grassroots support and loyalty by including users in the initiative from the beginning. The emergence of memecoins highlights the significance of building robust, welcoming communities and launching openly for technology-driven cryptocurrency ventures. Memecoins serve as an example of how blockchain may unite people across the world and provide insight into the possibilities of decentralized marketplaces in the future, where value is influenced by social and cultural narratives in addition to technical advancement. According to the conclusion, memecoins demonstrate how crypto markets may adapt to a variety of value systems, from speculative investments to ideological and cultural declarations, even if they might not improve blockchain technology. In order to avoid overcommitting to memecoins at the price of significant technical advancement, the research advises builders to concentrate on innovation. In this regard, memecoins provide a case study of how to use the decentralized nature of blockchain technology to produce assets that are available to all people worldwide and show how cryptocurrency may have a distinctive cultural resonance. The report concludes by highlighting blockchain’s ongoing contribution to financial and cultural revolutions, which have the potential to significantly influence future digital economies.

In a market overflowing with choices, Intel Markets rises as an innovative retail trading platform for both experts and newbie crypto enthusiasts. Intel Markets supports both the Ethereum and Solana blockchains along with combining superior insights from an AI-driven interface. This combination not only guarantees low latency and great security but also offers unmatched trading environment flexibility, therefore meeting the vital demands of today’s investors. Empowering Traders with Advanced Tools Intel Markets provides traders with a powerful range of tools that go beyond the basics. The platform offers a massive leverage of 1000x, thereby significantly boosting users’ potential returns. Experienced investors find this feature appealing as it allows high-risk traders wishing to profit from market swings to do so. The platform, however, not only serves the high-stakes traders but also gives teaching tools and easy-to-use interfaces first priority so newbies may navigate the complexity of crypto trading. Real-time market data, advanced charting tools, and a range of order types to properly control risk comprise the whole trading package on the platform. Customizing their dashboards to fit their tactics helps traders make sure they have the data right at hand. Adapting to the fast-paced world of cryptocurrencies, where every second counts, depends on this degree of customizing and adaptability. AI-Driven Realizations for Intelligent TradeAI-Powered Insights for Smarter Trading Intel Markets sets itself out even further by including artificial intelligence insights. Using machine learning techniques, the platform instantly analyzes enormous volumes of market data to provide insights that guide traders in making choices. These AI-driven observations not only spot patterns but also forecast possible price swings, therefore giving consumers a competitive advantage in the market. Imagine now being able to use the same sophisticated analytics used by Enterprise-Level institutions, right now used by retail investors. This capacity helps users to improve their trading plans according to actual facts instead of gut emotions, therefore improving the chances of success in a turbulent market. Cutting-Edge Security with Route X21 Initiative The value of security changes as the scene of cryptocurrencies develops. With its Route X21 project, which presents quantum-proof security mechanisms, Intel Markets is aggressively meeting this requirement. Supported by a significant $1 Million grant meant to improve blockchain security, this project seeks to protect traders’ funds from future quantum computing risks, therefore endangering conventional encryption techniques. Intel Markets gains confidence from its customers by giving security first priority as it assures them that state-of-the-art technology protects their funds and trading. In a market where security lapses may cause catastrophic losses, this degree of confidence is very important. Presale Success: A Testament to Market Confidence With its presale performance,c has raised a whopping $1.2 million and displayed great market interest. From its initial stages, the presale has witnessed a 300% increase in token price, indicating strong interest from institutional and individual investors alike. Early supporters of the platform are excited about its possibilities as Intel Markets is not just another trading venue but also a major participant in the direction of crypto trading. Those who missed out have become interested as investors who took part in the first presale phases started to reap profits. It is clear that one should become engaged as the platform is getting ready for full launch and expected more price hikes. Be a Part of the Revolution Intel Markets is opening the path for a new trading era as the cryptocurrency sector keeps evolving. For anybody trying to navigate the crypto terrain more successfully, its mix of sophisticated AI capabilities, thorough security safeguards, and user-centric approach makes it an interesting option. Intel Markets offers the tools required to flourish regardless of your level of experience trading. Don’t miss the chance to participate on this ground-breaking platform. Explore the presale options to guarantee your place in a trading ecosystem built for the future. Intel Markets lets you invest in a whole trading experience that stresses development, security, and user empowerment rather than just in a token. Discover More About IntelMarkets: Presale: https://intelmarketspresale.com/ Buy Presale: https://buy.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.