Experiencing missed chances with early-stage cryptocurrencies can leave many wishing they had acted sooner. Whether it was overlooking Bitcoin or delaying Solana, the regret is common: they should have capitalised earlier. Yet, every once in a while, a fresh prospect emerges. This time, it’s BlockDAG (BDAG), a pioneering layer 1 blockchain intent on completely redefining the cryptocurrency landscape. Since its inception, BlockDAG has quickly achieved one milestone after another: accumulating $105.4 million, selling 14.6 billion coins, and providing a staggering 2100% return to its early contributors. The recent test network debut has converted skeptics into supporters, with a grand promotional code offering a 100% bonus on all BDAG coin acquisitions. This has drawn significant attention from major buyers, including single purchases over $3 million. Test Network Success: BlockDAG Proves Its Capability The testing phase is crucial for any digital currency project—this is where concepts either materialise or collapse. BlockDAG’s test network introduction was a resounding success, showcasing the network’s capability, speed, and scalability to developers and early adopters. The positive feedback from this community underscores BlockDAG’s potential to address persistent challenges in blockchain technology. This strong performance builds excitement for an early main network launch, sparking interest among developers and cryptocurrency enthusiasts globally. BlockDAG Launches BDAG100: Grab 100% Bonus Today! In light of overwhelming demand and robust community backing, BlockDAG recently unveiled a new limited-time promotional code: BDAG100. This promotion provides a substantial benefit—a 100% bonus on BDAG coin purchases, doubling the value for early participants and eager supporters. This move celebrates BlockDAG’s achievements and demonstrates its commitment to rewarding its community and boosting user involvement. By launching the BDAG100 bonus, BlockDAG seeks to attract even more users to its thriving ecosystem, further propelling its growth and cementing its status in the competitive blockchain arena. This strategic initiative underscores BlockDAG’s focus on innovation and community engagement, paving the way for continued prosperity and reach. The Stats Are In: BDAG’s $105.4M Presale & 2100% Surge BlockDAG’s presale period has been transformative. Having raised $105.4 million and with the BDAG coin price surging from $0.001 to $0.022, the presale strongly reflects the community’s trust in BlockDAG’s future prospects. This 2100% price rise since batch 1 demonstrates a solid belief in the long-term potential of BDAG. Large traders are making individual purchases of up to $3 million, and retail participants are increasing, with many joining the presale each day. As the main network launch nears and presale batches sell out quicker with each round, BlockDAG’s journey is marked by rapid progress and substantial support. Missed BDAG’s 2100% Growth? Here’s Your Next Chance! Those who joined BlockDAG in the first batch of presales are currently enjoying a remarkable 2100% gain, with BDAG’s price reaching $0.022 as batch 25 commenced. However, this doesn’t mean new participants can’t achieve impressive returns. With the upcoming main network launch and a projected price of $30, those jumping at the current price of $0.022 could see substantial profits. One thing to note: this price won’t last long. With significant purchases happening under the ongoing 100% bonus code, BDAG’s value could soar at any moment. While it might seem late to enter the presale, there’s still an opportunity to secure a share of what could be a 30,000x return—if you act swiftly. Learn About BlockDAG – Act Now Before Prices Increase: 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 recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Every so often, a new cryptocurrency emerges equipped with cutting-edge technology and the determination to rival established blockchain leaders. BlockDAG (BDAG) might just be the next contender. Its recent brand video, styled like a high-stakes Formula 1 race, encapsulates its ambitious mission to surpass current blockchain frontrunners, and the figures support its trajectory. So far, BlockDAG’s early funding has reached a staggering $104.5 million, providing early backers with a 2100% return on their contributions. Bringing the excitement to a fever pitch, the project has launched a limited-time 100% bonus on all BDAG purchases. This exceptional offer invites the community to seize the moment, maximizing their holdings while this special promotion lasts. In parallel, both XRP and Bitcoin Cash are developing in their unique ways. A noteworthy increase in decentralized exchange (DEX) activities highlights XRP’s pivot towards decentralized finance (DeFi), despite a slight decline in transaction volume. Concurrently, Bitcoin Cash is advancing through a series of technical enhancements designed to ease and expand developer capabilities. Fewer XRP Transactions, But Wallets Are Alive & Kicking Despite a recent 17.5% reduction in transaction volume, the XRP ecosystem demonstrates its robustness in other significant areas. The number of active wallets has escalated by 14%, indicating continued and growing engagement within the community. Moreover, the spike in DEX activity on the XRP network—about 18%, reaching $4.6 million—suggests a shift towards DeFi platforms among its users. Although there has been a noticeable downturn in NFT creation on the ledger, the liquidity in XRP’s Automated Market Maker (AMM) pools has experienced substantial increases, reflecting a broader adoption of decentralized trading platforms within the XRP sphere. Bitcoin Cash News: BCH Untangles Developer Constraints Bitcoin Cash (BCH) is actively addressing existing technical barriers that have hampered the development of complex applications on its blockchain. The introduction of proposals CHIP-2021-05 and CHIP-2024-07 marks significant strides towards enhancing developer interaction and adaptability. CHIP-2021-05 seeks to extend stack memory and improve operation limits, which will support the creation of larger and more complex smart contracts. Meanwhile, CHIP-2024-07 aims to incorporate native high-precision mathematical functions, facilitating more efficient and accurate calculations across the network. Why BlockDAG’s On Its Way to Becoming a Tier 1 Crypto BlockDAG’s latest brand video starts with a thrilling Formula 1-style race, where sleek cars—each representing different blockchain networks—compete fiercely on the track. Amid this intense race, one car—the representation of BlockDAG—pulls ahead with extraordinary speed and precision. This imagery vividly showcases BlockDAG’s capability to process multiple blocks concurrently, a technological edge that positions it well ahead of traditional blockchains like Bitcoin, which often struggle with speed and scalability constraints. This video is not merely a creative depiction; it serves as a powerful indicator of BlockDAG’s burgeoning influence and its strategic positioning as a potential Tier-1 leader in the blockchain sphere. The supporting data further reinforces this trajectory: with presale revenue now exceeding $104.5 million, BlockDAG has completed 24 of its planned 45 presale batches in a relatively short timeframe. Over 14.6 billion BDAG coins have already found holders, with initial batch supporters witnessing a striking 2100% growth in value. Such metrics are a testament to the strong confidence the community places in BlockDAG’s foundational technology. Riding a wave of success, BlockDAG has unleashed an exclusive 100% bonus on BDAG coin purchases with the BDAG100 code, marking an exciting new chapter for the project. This special, time-limited bonus aligns with Bitcoin’s recent rise, signaling a potential new all-time high and providing an ideal moment for BlockDAG to add to the crypto buzz. The BDAG100 promotion follows the exceptional reception of the previous BDAG50 offer, with the BlockDAG community on social media actively calling for another bonus. BlockDAG has also exceeded expectations in its presale, attracting over $100 million so far, making this new bonus offer a fitting celebration of its remarkable achievements. Market Position and Future Outlook While transaction volumes may have decreased, the XRP ecosystem continues to demonstrate vitality with an expanding base of active wallets. Concurrently, Bitcoin Cash is advancing its appeal to developers through innovative proposals aimed at easing and enhancing the development experience on its platform. BlockDAG’s aggressive advancements are positioning it for comparison with Tier-1 blockchain giants such as Bitcoin and Ethereum. With a significant $104.5 million already secured in its ongoing presale and the impact of a viral brand video generating widespread interest, BlockDAG stands out as the most talked-about crypto entity of October 2024. Learn About BlockDAG – Act Now Before Prices Increase: 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 recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

In 2020, a college student in Florida stumbled upon Chainlink while diving into blockchain technology. With a portion of his savings, he invested in LINK tokens, and as Chainlink skyrocketed by securing partnerships with tech giants and expanding its ecosystem, the student’s investment multiplied tenfold. Now, the crypto market is buzzing again with the rise of a new project BlockDAG (BDAG), which holds potential for similar returns. This revolutionary hybrid network merges the best features of traditional blockchains and Directed Acyclic Graphs (DAGs). With its presale surpassing $105.5 million, the BDAG coin has grown remarkably, offering early buyers a staggering 2100% ROI. Experts predict that BlockDAG could be the next big wave in crypto, potentially yielding a 20,000x return in the future. A Student’s Journey to Success with Chainlink A college student from Florida discovered Chainlink while studying blockchain technology in 2020. Intrigued by its potential, he decided to invest $10,000 in LINK tokens, which were priced at around $11 at the time. As he followed the project closely, Chainlink began securing significant partnerships with major tech companies, enhancing its credibility and expanding its ecosystem. This increased demand drove the price of LINK higher. By 2021, Chainlink’s price skyrocketed to nearly $30, allowing his initial investment to increase to around $27,272.73. This surge in value transformed his investment into a substantial profit, enabling him to fund his remaining education. His success story is a testament to Chainlink’s potential and the power of early investments in innovative technology. BlockDAG’s $105.5M Presale & 100% Bonus Code Sets the Stage for 20,000x Returns! BlockDAG is a revolutionary hybrid technology. It merges the strengths of traditional blockchains and Directed Acyclic Graph (DAG). It offers high scalability and faster transaction processing while maintaining security. This unique combination has made BlockDAG increasingly popular among crypto enthusiasts. It has drawn the attention of crypto traders eager for innovation. The excitement around BlockDAG is evident in its record-breaking presale. It has surpassed an astonishing $105.5 million, making it the biggest presale in history. This surge in interest has driven the BDAG coin’s value to $0.022 in batch 25, up from just $0.001 in batch 1. This steady growth indicates that BlockDAG is on a promising trajectory. Early buyers have already seen a remarkable 2100% ROI, showcasing the potential for BlockDAG to explode in the market post its presale. To celebrate this surge, BlockDAG has surprised the community with a smashing 100% Bonus code. The BDAG100 bonus code is a limited-time offer designed to reward early adopters and new investors alike, doubling their purchase amount and further fueling the momentum as BlockDAG gears up to reach its $600M goal. Crypto analysts are optimistic, predicting that BlockDAG could offer returns of up to 20,000x as its presale grows rapidly. With BlockDAG’s presale expected to conclude soon, it is an exciting opportunity for buyers looking to replicate success stories like that of the Chainlink investor. For those who act quickly, BlockDAG has the potential to transform a $1,000 stake into millions. It stands as a compelling option for anyone seeking to capitalise on the rapidly evolving crypto market. The Next Success Story Awaits The college student’s Chainlink journey shows the immense potential of investing in crypto. A similar opportunity now awaits buyers as BlockDAG is gaining momentum and showing signs of huge growth. Its presale has raised over $105.5 million already and the BDAG coin has seen impressive value growth. Crypto traders have a chance to replicate such success, as BlockDAG could lead to significant returns especially with the 100% bonus code, mirroring the remarkable story of Chainlink’s rise. 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 recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Warsaw, Poland, November 1st, 2024, Chainwire Flipster, a global crypto derivatives exchange, has announced a collaboration with BNB Chain, a community-driven blockchain ecosystem, to offer fee-free withdrawals, aiming to democratize access to cryptocurrency trading. This collaboration builds on Flipster’s existing zero-fee trading model, aligning with both Flipster and BNB Chain’s shared mission to make cryptocurrency trading more user-friendly and cost-effective. By backing BNB Chain’s gas-free withdrawals initiative, Flipster users will be able to transact with ease and capitalize on market movements effectively while avoiding hidden fees and slippage. Beyond bridging the gap between traditional finance and crypto, Flipster aims to explore further synergistic initiatives that accelerate crypto adoption. This includes fostering connections within the ecosystem, providing seamless entry into the market, and enhancing the overall trading experience, to encourage greater participation in the ecosystem. Flipster’s platform is designed for rapid trade execution, deep liquidity, and zero trading fees. With the integration of BNB Chain’s fee-free withdrawals, users can withdraw stablecoins without incurring additional costs until the end of the month. Processing over $10 billion in monthly trading volume and serving over a million users, more than 98% of asset deposits and withdrawals on Flipster are stablecoins, making the zero-fee withdrawal offering on BNB Chain even more valuable for users looking to maximize their returns. For more information about the campaign, please refer to Flipster’s blog. About BNB Chain BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of: BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain. opBNB: A scalability L2 that delivers the lowest gas fees of any L2 and rapid processing speeds. BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces. Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program. About Flipster Flipster is a crypto derivatives exchange known for its lightning-fast perpetual futures listings, zero trading fees, high liquidity, and rapid trade executions. The easy-to-use platform provides users with an all-in-one trading experience with leverage of up to 100x on over 250 tokens, supporting traders globally in capitalizing on market opportunities. For media enquiries or interview requests with the team, please reach out to [email protected]. Contact Shirlyn Tan Flipster [email protected]

Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term. Ethereum started a fresh decline from the $2,720 resistance zone. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the $2,450 support zone. Ethereum Price Dives Below $2,550 Ethereum price struggled to stay above $2,650 and started a fresh decline like Bitcoin. ETH declined heavily below the $2,620 and $2,600 levels. There was a break below a key bullish trend line with support at $2,560 on the hourly chart of ETH/USD. The pair declined below the 50% Fib retracement level of the upward wave from the $2,488 swing low to the $2,719 high. The bears even pushed the price below $2,550. Ethereum price is now trading below $2,550 and the 100-hourly Simple Moving Average. It is now approaching the $2,460 support zone and the 61.8% Fib retracement level of the upward wave from the $2,488 swing low to the $2,719 high. On the upside, the price seems to be facing hurdles near the $2,550 level. The first major resistance is near the $2,580 level. The main resistance is now forming near $2,610. A clear move above the $2,610 resistance might send the price toward the $2,650 resistance. An upside break above the $2,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2.720 resistance zone. More Downsides In ETH? If Ethereum fails to clear the $2,550 resistance, it could continue to move down. Initial support on the downside is near the $2,480 level. The first major support sits near the $2,450 zone. A clear move below the $2,450 support might push the price toward $2,380. Any more losses might send the price toward the $2,320 support level in the near term. The next key support sits at $2,250. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,450 Major Resistance Level – $2,550

According to JPMorgan analysts, a win for the Republican US presidential candidate Donald Trump could further fuel Bitcoin (BTC) price momentum. Retail Investors Turn To Bitcoin For ‘Debasement Trade’ In a recent client note, analysts at JPMorgan suggested that a Trump win might provide ‘additional upside’ for both BTC and gold, as retail investors increasingly view Bitcoin as a ‘debasement trade.’ In simple terms, a debasement trade is a strategy to protect purchasing power against the steady erosion of fiat currencies due to extensive money printing. Notably, the M2 money supply – a measure of total money in circulation – sharply rose during the coronavirus pandemic. This surplus in money supply led to heightened inflation, forcing the U.S. Federal Reserve (Fed) to raise interest rates to contain it. By purchasing BTC, retail investors aim to maintain their money’s value, hoping Bitcoin will act as a hedge against currency depreciation. The JPMorgan note states: Data from SoSoValue shows that Bitcoin exchange-traded funds (ETF) have attracted a whopping $1.3 billion in inflows over the past two days alone. As of October 30, the cumulative net inflow to US-based spot BTC ETFs is $24.18 billion. October’s total ETF inflows alone amount to $4.4 billion, marking it the third-highest month for BTC ETF inflows since their launch earlier this year. However, institutional investors appear to have slowed down on BTC futures activity recently, with analysts noting that Bitcoin futures have entered overbought territory, potentially introducing vulnerability for BTC’s near-term outlook. The client note highlights that credit and prediction markets lean toward a Trump win, unlike equities, foreign exchange (FX), and rates markets. The analysts conclude: Where Is BTC Headed? Analysts Share Their Outlook Bitcoin is trading within 2% of reaching a new all-time high (ATH), driving renewed optimism among crypto analysts. For instance, crypto analyst Timothy Peterson recently posited that BTC could surge to as high as $100,000 by February 2025. Meanwhile, crypto options trading data indicates that traders remain confident BTC will hit $80,000 by the end of November 2024, regardless of the election outcome. Veteran trader Peter Brandt, however, has urged caution, advising BTC bulls that a daily close above $76,000 is critical for confirming a true breakout. At the time of writing, BTC is trading at $71,798, down 0.1% in the past 24 hours.

The second-biggest cryptocurrency exchange in the world based on trading volume, Bybit, is pleased to announce the debut of its fully localized platform (bybit.kz) for the Kazakhstan market. Bybit is prepared to provide Kazakhstan users with a customized, secure, and easy trading experience at bybit.kz after receiving complete license from the Astana Financial Services Authority (AFSA). Tailored Trading for Kazakhstan Residents of Kazakhstan may now use Bybit Kazakhstan (bybit.kz), which was created especially to satisfy the demands of the local market. With features tailored to guarantee a seamless user experience for the Kazakhstan crypto community, the platform provides the same top-notch services that are accessible worldwide. Key Features of Bybit Kazakhstan: Simplified Registration Procedure Bybit.kz allows users to create new accounts with ease using their email addresses; this service is only accessible to citizens of Kazakhstan. For a smooth and rapid start to trading, the onboarding procedure is simplified and compliant with regional norms. Diverse Trading Options With the wide variety of cryptocurrency trading services that Bybit Kazakhstan provides, traders of various skill levels may participate in the market with confidence. With the platform’s functionality for spot trading, customers may purchase and sell a range of cryptocurrencies with real-time liquidity. Bybit Kazakhstan offers derivatives trading to more experienced traders, allowing them to trade complex financial instruments including futures and a variety of trading strategies. There is also the option of margin trading, which allows traders to use leverage to increase their holdings and optimize possible gains in both rising and declining markets. Bybit also provides cryptocurrency loans, which let customers borrow against their cryptocurrency holdings for individuals looking for liquidity without having to liquidate their assets. Upcoming Fiat Gateway for Kazakhstan Tenge (KZT) Furthermore, a fiat gateway for Kazakhstan Tenge (KZT) is being introduced by Bybit Kazakhstan in partnership with regional banks. Users will be able to deposit and withdraw money in KZT with ease thanks to this connection. Faster access to money and hassle-free transactions are guaranteed by the collaboration with regional banking institutions, offering increased convenience that is especially suited to Kazakhstan’s financial ecosystem. Localized Customer Support Bybit Kazakhstan ensures that customers may get help in their favorite language by offering specialized support in Kazakh, Russian, and English. Our local support staff is prepared to answer customer questions and fix any problems while abiding by Kazakhstan’s legal requirements. User-Friendly Experience The user experience is the primary focus of the bybit.kz platform’s design. Both novice and experienced traders may easily use the whole range of services thanks to the customized interface, smooth navigation, and straightforward registration procedure. From account setup to sophisticated trading strategies, the platform guarantees a seamless experience. Security and Safety Bybit Kazakhstan maintains the highest security requirements as a platform approved by the AFSA. The platform’s industry-leading security mechanisms guarantee complete protection of user assets and data. Additionally, Bybit provides a secure and law-abiding environment for all users by adhering to stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) rules. A New Era for Crypto Traders in Kazakhstan Bybit’s launch of bybit.kz marks an important turning point in the exchange’s ongoing worldwide expansion. The Kazakhstan crypto community will be empowered by this specialized platform’s innovative, safe, and dependable trading services that cater to regional demands. Visit bybit.kz for further details or contact our local support staff for help.

Leading digital assets institution Nexo today announced a significant rebranding and platform makeover, completing its transformation from a pioneer in crypto lending to the first all-inclusive and compliant digital assets wealth platform. This move, which was made public on Bitcoin Whitepaper Day, is a reflection of Nexo’s expansion and overarching strategic goal of enabling progressive investors to increase, protect, and make use of their money. With a new logo, website, and improved user experience, Nexo’s redesigned platform, which follows 20 months of client research involving 5,000 users across 23 countries, addresses the rising need for complex but adaptable digital asset solutions. As Nexo continues on its goal to propel the next generation of wealth, this development is in line with the demands of individuals who understand the potential of cryptocurrencies to generate long-term value. Nexo evolves as the cryptocurrency market matures Kosta Kantchev, Co-founder and Executive Chairman of Nexo stated: The introduction of Bitcoin spot ETFs highlights how quickly the digital asset market has changed from a niche to a disruptive force in the financial sector. The increasing interest in digital assets is a reflection of this momentum; 72% of retail investors believe that digital assets are crucial for accumulating wealth, and 65% of institutional investors are prepared to join the market. At the front of this development has been Nexo. Moreover, Nexo has gained the confidence of institutional and retail investors in more than 200 countries because of its varied offerings and strong business approach. Its remarkable history, which includes more than $320 billion in transactions handled, $8 billion in cryptocurrency credit extended, and $945 million in interest paid out, solidifies its new focus on influencing the prosperity of the future generation. A fresh style for a new era In keeping with the discerning tastes of cryptocurrency owners, Nexo’s new visual identity and brand represent its mature, targeted goal, which is “Driving the next generation of wealth.” The redesigned logo combines movement and accuracy to represent Nexo’s dedication to customer success and innovative solutions. Two fundamental ideas are at the heart of the upward-flowing logo pattern: exponential development, symbolized by mathematically exact diagonals, illustrates the limitless potential of digital assets, while human resilience, symbolized by a spiral, alludes to the tenacity and adaptability inherent in human DNA. In order to capitalize on today’s potential, the new identity, which was inspired by the contemporary, busy lifestyle of Nexo’s clientele, combines dynamic greens with gentle greys and beiges. Flowing designs and accurate details communicate security and flexibility, appealing to Nexo’s consumers, who expect creativity and dependability in their financial management. Elitsa Taskova, CPO of Nexo stated: Platform evolution: a collection for the progressive investor According to Nexo’s poll of 5,000 users in 23 countries, which was conducted after 20 months of client research, 69% of Bitcoin holders consider it as a reliable store of value, and 67.9% of high-net-worth people see digital assets as long-term wealth solutions. Sophisticated investors’ attitude to wealth has changed significantly, choosing digital-first tools and a seamless, omnichannel ecosystem for round-the-clock access. These needs and offerings are excellently met by Nexo’s 360° product suite: Grow your savings: Yield generation that is both flexible and fixed-term, as well as dual investment with an easy-to-use interface that is available on all devices around-the-clock. Manage your assets: Alternative growth options are made possible by crypto-backed Credit Lines, 1,500 market pairings, crypto Futures, Target Price Swaps, and sophisticated analytics. Spend anywhere: Liquidity and easy-to-use spending choices, guaranteeing Nexo Card access to funds. Furthermore, the Nexo platform empowers its customers with 24/7 client support teams, customized services for high-net-worth clients, and tiers of loyalty benefits. With an eye toward the future, Nexo is developing its suite of digital asset wealth solutions, paying particular attention to security and compliance systems that are designed for long-term stability. In order to maintain its position as the top digital assets wealth platform globally, the firm is pursuing strategic alliances and global development. Go to https://nexo.com/ to learn more about Nexo’s ‘Wealth Forward’ approach.

Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $70,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing a few bearish signs and might test the $68,500 support zone. Bitcoin Price Trims Gains Bitcoin price failed to trade to a new all-time and started a downside correction from the $73,500 resistance zone. There was a move below the $72,500 and $72,000 support levels. The price dipped below the 50% Fib retracement level of the upward wave from the $65,531 swing low to the $73,575 high. Besides, there was a break below a key bullish trend line with support at $70,000 on the hourly chart of the BTC/USD pair. The price is down over 5% and there was a move below $70,000. Bitcoin price is now trading below $70,000 and the 100 hourly Simple moving average. It is now approaching the $68,500 support zone and the 61.8% Fib retracement level of the upward wave from the $65,531 swing low to the $73,575 high. On the upside, the price could face resistance near the $70,000 level. The first key resistance is near the $70,500 level. A clear move above the $70,500 resistance might send the price higher. The next key resistance could be $71,200. A close above the $71,200 resistance might initiate more gains. In the stated case, the price could rise and test the $72,500 resistance level. Any more gains might send the price toward the $73,200 resistance level. Any more gains might call for a test of $73,500. More Downsides In BTC? If Bitcoin fails to rise above the $70,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $68,800 level. The first major support is near the $68,500 level. The next support is now near the $67,400 zone. Any more losses might send the price toward the $66,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $68,500, followed by $67,400. Major Resistance Levels – $70,000, and $71,200.

In a strategic move to increase its influence in the political landscape, US-based cryptocurrency exchange Coinbase has committed an additional $25 million to Fairshake, a political action committee (PAC), as it prepares to support pro-crypto candidates ahead of the 2026 midterm elections. Coinbase CEO Armstrong Commits $25M To Fairshake Coinbase CEO Brian Armstrong confirmed the investment during the company’s third-quarter earnings call, stating, “We’re not going to slow down post-election. We know we need to have pro-crypto legislation passed in this country.” Fairshake, which has garnered backing from major players in the digital asset sector, including Ripple Labs and Andreessen Horowitz, aims to ensure that both Republican and Democratic candidates recognize the importance of cryptocurrency in their platforms. The committee is poised to spend over $40 million in the lead-up to the 2024 elections, having already invested $140 million in various congressional races across the nation. In the current political climate, Republican nominee Donald Trump has shifted his stance on cryptocurrency, now embracing the industry after previously labeling it as a scam, with promises including firing the Securities and Exchange Commission (SEC) chair Gary Gensler and Bitcoin as a strategic reserve asset for the nation. Conversely, Democratic Vice President Kamala Harris has pledged to support a regulatory framework for digital assets if elected. Armstrong noted, “We get the US election results in six days, and no matter how you slice it, it will be the most pro-crypto Congress ever.” Coinbase’s CEO emphasized the growing influence of the “crypto voter,” suggesting that their impact will only continue to expand. Despite these political developments, Coinbase’s stock faced significant pressure following the company’s recent earnings report, which fell short of expectations. Analysts Call Current Crypto Market Dip A ‘Temporary Unwind’ Coinbase shares dropped 14.3% on Thursday, marking the steepest decline since May 2022. This downturn was exacerbated by a broader market decline and disappointing earnings from other crypto-related firms, including Robinhood, which saw its stock tumble 15% after reporting weak results. However, analysts are viewing the current market conditions as a temporary setback. Devin Ryan of JMP Securities described the situation as a “temporary unwind” in crypto stocks, suggesting that long-term investors may find opportunities amidst the volatility. The analyst further pointed out that upcoming events—such as the US elections and rising crypto prices—could positively impact Coinbase’s fourth-quarter revenue if trends continue. Owen Lau, an analyst at Oppenheimer, also noted that the recent stock decline might be tied to concerns about subdued trading volumes and the potential impact of lower US interest rates on Coinbase’s stablecoin revenue. At the time of writing, COIN shares were trading at $179 after hitting a three-month high of $223 last Tuesday. Featured image from DALL-E, chart from TradingView.com

An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level. OG, short for “original gangster” or “original gangsta,” is a slang expression for someone who is exceptional, unique, or “old-school.” The BTC supporter also suggested that the coin is moving in the direction that will allow the crypto to outshine gold, the US dollar, and other major assets soon. Rising Over Gold, Greenback ShapeShift CEO Erik Voorhees, an early investor of Bitcoin, sees that the cryptocurrency would surpass the major assets in the upcoming months, saying that the coin has “high potential” to eclipse fundamental assets such as gold, the US dollar, and even oil. In a post, Voorhees pointed out that when the appetite for gold rises, gold production will surge while if the demand for oil rises, more oil will be extracted. He added that more US dollars are printed, once the demand for the greenbacks soar, saying that supply for these assets would not run out in the upcoming years. However, the founder of the Venice.AI project hinted that it is not the same case with Bitcoin when demand for it increases. It is an indication that additional BTC cannot be produced because Satoshi Nakamoto, the creator of Bitcoin, only designed the cryptocurrency not to exceed 21 million coins. Bitcoin-Gold Relationship Earlier, another Bitcoiner, Max Keiser, believed that there is a relationship between the price of gold and Bitcoin price, saying that BTC price could soar because of gold. Keiser explained that for every $1 increase in gold prices, BTC prices also experienced a hike of $20, adding that since gold prices hit a record amount, Bitcoin prices are more likely to follow suit. Expecting A Bitcoin Surge Voorhees is already telling the cryptocurrency community to keep an eye on Bitcoin because he predicts that all aspects of the coin will move upward including its price. The ShapeShift executive remarked that this attribute of Bitcoin would be the main factor why demand for the coin will soar quickly. In the past few days, several crypto experts have already projected the inevitable growth of Bitcoin, saying that its price will breach the six-figure level. 19 Million BTC Mined Reports have shown that over 19 million BTC circulating in the crypto market today, is the highest it has ever been. Analysts said many of these coins have been stored in “cold wallets” for numerous years, saying that a portion of these BTCs are owned by Bitcoin EFTs. A Chinese cryptocurrency journalist estimated that over 5% of all Bitcoins in the market are in the possession of Bitcoin EFTs with an approximate net value of $72.545 billion. Featured image from Pexels, chart from TradingView

Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum’s implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereum’s scalability and economic dynamics. “Many people arguing about blobs, but so far no one has simulated how they respond to demand… until now,” Robinson stated. “TL;DR: Blobs are insanely bullish for ETH long term.” Why Blobs Are ‘Insanely Bullish’ For Ethereum Price Blobs, introduced in Ethereum Improvement Proposal (EIP)-4844, are large data structures designed to enhance the network’s capacity by efficiently storing and processing data off-chain. This mechanism is pivotal for Layer 2 (L2) scaling solutions, enabling them to offer lower transaction fees while maintaining security through Ethereum’s consensus. Robinson’s simulation projects Ethereum operating at 10,000 transactions per second (TPS), burning 6.5% of its total ETH supply annually, with L2 transactions costing an average of $0.06. This scenario involves 16 MB of blobs per block, aligning with Ethereum co-founder Vitalik Buterin’s medium-term goals outlined in his latest “The Surge” post. “Yes, that’s Ethereum operating at 10k TPS, burning 6.5% a year while L2 transactions cost an average of $0.06, with 16 MB of blobs per block,” Robinson elaborated. “You thought L2’s were parasitic and Vitalik didn’t think this through? Ah, sweet summer child, little do you realize how insane this will get when the Ethereum ecosystem really kicks into high gear.” A key insight from Robinson’s research is the rapid escalation of ETH burning as blob usage increases. “It’s interesting how quickly blobs go from being free to burning a ton of ETH. It seems almost everyone doesn’t understand this tipping point. It also makes me think there might be a better pricing mechanism,” he observed. Robinson provides a simulation tool illustrating the ETH burn rate‘s exponential growth as TPS scales from the current ~180 TPS to 400 TPS. The data shows burned ETH increasing from roughly 4 ETH per day to 1,832 ETH per day. The scalability potential is further enhanced by the implementation of Peer Data Availability Sampling (PeerDAS), which allows blob capacity to scale with the number of validators. “Because total blob capacity scales with total validators, after PeerDAS is implemented, blobs can scale as high as needed,” Robinson explained. “There are 10k+ nodes to shard the load between them. While other ecosystems struggle under load, Ethereum will supply the world with cheap, abundant block-space while being extremely deflationary.” An intriguing feedback loop identified by Robinson is the inverse relationship between ETH price and the burn rate. “Another interesting feedback loop is the lower the ETH price, the higher the burn! As transaction prices are lower, more transactions are made, and the burn soars,” he noted. “See how different the burn is with ETH at $2k vs ETH at $10k”. Addressing the question of value accrual for ETH, Robinson stated, “So how will ETH accrue value? Being the most useful, scarce, deflationary asset with 10,000+ teams using Ethereum to grow their products will probably do it. Long term, ETH has the best fundamentals in the world; it just takes time for them to play out.” The research sparked enthusiasm and discussions within the ETH community. Mat (@materkel) commented on X: “Will be extremely interesting once we hit blob capacity. My guess is a lot of L2s still need to figure out how to handle this case and properly fee their users. There will be a lot of inefficiencies to fix; we just didn’t really have multiple competing L2s in this scenario before. Once the dust settles, we’ll have proper price discovery both for fees on L2s together with blobs on L1.” Robinson responded, emphasizing the importance of proactive analysis: “Yeah, absolutely! I’m trying to bring the data so we can solve any problems before we get there. The market becomes more stable with more blobs, but in the early days, fees could be quite volatile.” At press time, ETH traded at $2,638.

ApeCoin is holding steady at the crucial $1 support level, fueling speculation on whether the bulls are ready for a comeback as it maintains its position above this key mark. Recent bearish pressure has driven the token to a point where a recovery might be on the horizon, yet the critical question is: can buyers defend this level and push prices higher? With momentum shifting and market sentiment in flux, the scene is set for either a breakout on the upside or a breakdown. This article aims to analyze ApeCoin’s resilience at a critical support level, exploring whether current market dynamics could spark a rebound. Through a breakdown of technical indicators and recent price action, we seek to analyze the possibility of a bullish reversal or signs of continued downward pressure on ApeCoin. Technical Analysis: Signs Af A Rebound Or Breakdown? APE’s price on the 4-hour chart is consolidating above the 100-day Simple Moving Average (SMA) and the key $1 support level, indicating market indecision. While the position above the SMA suggests an optimistic trend, this consolidation could lead to a rally or strong decline, depending on whether bulls or bears take control. Meanwhile, the 4-hour Composite Trend Oscillator for ApeCoin shows bearish signals, as its SMA line edges toward a crossover below the signal lines near the zero level. This crossover attempt is typically seen as a bearish indicator, suggesting that downside momentum may be gaining steam. A successful crossover below the signal lines could confirm a shift in trend, potentially signaling more selling pressure on APE in the near term. On the daily chart, APE is in a consolidation phase while showing downbeat strength as it nears the $1 mark. Although it trades above the 100-day SMA, the increasing selling pressure raises concerns about its ability to stay above the $1 level. This combination of consolidation and bearish momentum could indicate a struggle to maintain its position, potentially leading to a decline if the bearish trend continues. A detailed analysis of the 1-day Composite Trend Oscillator shows that ApeCoin is overbought, indicating possible extended losses. The signal line is attempting to cross below the SMA line, which usually signals a shift in momentum toward the downside and increasing selling pressure. If this crossover happens, it could reinforce the likelihood of continued declines, leading traders to reconsider their positions amid the weakening bullish sentiment. Risk Vs. Reward: What’s Next For ApeCoin? Based on the analysis, ApeCoin’s price appears poised for a drop toward the $1 support level. A breakdown below this mark could lead to additional losses for the cryptocurrency, which could push it down to the $0.660 support level and beyond. However, if ApeCoin breaks above the $1 mark, the price is likely to move upward toward the $1.7 resistance level. Furthermore, a breach of this level could trigger further upward movement, potentially leading to the $2.1 resistance level and beyond.

Technical analysis suggests the days of the Ethereum price consolidation might be over very soon. At the time of writing, Ethereum is trading with a 0.07% gain in the past 30 days, which reveals the current consolidation situation it finds itself under. However, according to a technical analysis on TradingView, the Ethereum price could be well on its way to reaching a new all-time high after 12 weeks of consolidation. Ethereum Price Completes Bottom Formation According to a technical analysis of the Ethereum price in the weekly candlestick timeframe, the cryptocurrency is currently in its 12th week of consolidation after a decline that ended in the first week of August. Interestingly, analysis reveals that the consolidation is at the bottom of the lower trendline in a Channel Up trend in the weekly timeframe that started as far back as June 2022. Particularly, a close look at this Channel Up trend reveals that the Ethereum price action has been confined between its upper and lower trendlines in the past two and a half years. Fortunately, the trend is a bullish one with the creation of higher highs and higher lows, which suggests a bullish outlook for the Ethereum price. As it stands, the Ethereum price has been on an uptrend since the beginning of the week, essentially reversing last week’s declines. Consequently, the price has flipped from bearish to neutral on the weekly outlook and is now moving towards bullish. The only thing left is for the Ethereum price to keep pushing on this uptrend and flip above the weekly MA50 (50-Day Moving Average). A successful push above this level, according to crypto analyst InvestingScope, would not only signal an end to Ethereum’s prolonged consolidation but also set the stage for a rally toward the channel’s upper trendline. ETH On The Journey To Recording New Highs As it stands, the 1W Relative Strength Index has already crossed over its MA, lending charge to the momentum. All that’s left now is an Ethereum price break above the weekly MA50. A break above the MA50 on the weekly timeframe would confirm the shift from consolidation to bullish momentum, draw in fresh buying interest and open up Ethereum’s path to creating a higher high within the Channel Up structure. The Channel Up structure is structured in such a way that the creation of a new higher high at this point would necessitate a break above the current all-time high of $4,900. A touch of the upper trendline in the Channel Up would see the Ethereum price peaking above $5,500 before undergoing any major correction. “When that happens, aim for no lower than the All Time High (TP = 4,900),” the analyst said. At the time of writing, Ethereum is trading at $2,631.

Zug, Switzerland, October 31st, 2024, Chainwire Chorus One, a leading provider of staking infrastructure for over 60 networks, today announced the launch of TON Pool, a new staking solution designed to simplify and optimize Toncoin staking for institutions and investors. With a focus on addressing the limitations of current staking models on the TON blockchain, TON Pool offers a flexible, cost-effective, and scalable staking solution that meets the needs of custodians, exchanges, wallets, and institutional investors. A solution to Toncoin’s current staking limitations The TON blockchain is gaining traction as a powerful platform for decentralized applications, but existing Toncoin staking mechanisms—such as the Nominator Pool and Single Nominator contracts—present significant limitations for institutional players. According to the team, high minimum staking requirements, limited delegator capacity, and the operational complexity of managing multiple pools are key challenges that prevent large institutions from efficiently staking Toncoin at scale. Currently, they add, the Single Nominator contract requires a minimum of 300,000 TON, limiting accessibility for many institutions. Moreover, both staking models restrict the number of delegators and require manual management, resulting in higher transaction fees and reduced yields due to complex pool monitoring. Recognizing these limitations, Chorus One developed TON Pool, a solution specifically tailored for large-scale staking operations that eliminates inefficiencies and provides a more seamless staking experience. Key benefits of TON Pool Optimized potential yields: By consolidating stakes and reducing transaction fees, TON Pool can maximize potential yields for institutions and their clients. Unlimited delegators: Unlike traditional staking models that limit delegator capacity, TON Pool allows institutions to stake on behalf of an unlimited number of clients. Low minimum stake: With a minimum of just 10 TON (vs. 300,000 TON in other models), TON Pool makes staking accessible to a broader range of users. Effortless integration: Institutions can easily integrate TON Pool into their platforms, simplifying staking management and improving user experience. A simpler staking flow with TON Pool Compared to traditional staking models, TON Pool offers a much more streamlined staking process. Instead of requiring operators to create and manage multiple pools, TON Pool consolidates all staking into a single address. Customers delegate once, pay one transaction fee, and the platform handles all the technical complexities of distributing and managing the stake. How to contact For more details about TON Pool and to get exclusive discounted commission rates, users can reach out at [email protected], and sign up now to be among the first to experience streamlined, scalable Toncoin staking. About Chorus One Chorus One is a leading institutional staking provider, operating infrastructure for over 60 networks, including Ethereum, Cosmos, Solana, Avalanche, Near, and others. Since 2018, Chorus One has been at the forefront of the PoS industry, offering easy-to-use, enterprise-grade staking solutions, conducting industry-leading research, and investing in innovative protocols through Chorus One Ventures. As an ISO 27001-certified provider, Chorus One also offers slashing and double-signing insurance to its institutional clients. For more information, users can visit chorus.one or follow them on X (formerly Twitter), and LinkedIn. Contact Hari Iyer [email protected]

BNB Chain’s MVB Season 8 narrows 500 applicants to 35 finalists across DeFi, Infrastructure, and Application sectors Selected projects will undergo four-week training before potential Binance Labs investment Program highlights growing focus on AI, meme coins, RWA, and Telegram applications The BNB Chain ecosystem continues its expansion through the Most Valuable Builder (MVB) program, a collaborative initiative between Binance Labs and CMC Labs designed to discover and nurture promising blockchain projects. From an initial pool of 500 applications, the program has identified 35 standout projects for its eighth season. BNB Chain will choose the worthy participants Source: Bnbchain These finalists represent diverse technological innovations across three primary sectors: Application layer solutions, Decentralized Finance (DeFi) protocols, and Infrastructure development. Season 8 notably features a significant emphasis on artificial intelligence integration, alongside emerging trends in meme token ecosystems, real-world asset tokenization, and Telegram-based applications. Participating teams will engage in an intensive four-week development program, receiving comprehensive support including technical guidance, mentorship opportunities, and access to an extensive network of industry professionals. Following this preparation phase, projects will present their innovations to Binance Labs for potential investment consideration. Gala Wen, serving as Director of Ecosystem Development at BNB Chain, emphasized the program’s enhanced curriculum structure, noting its role in equipping founders with essential resources for Web3 success. This season’s approach reflects a more selective process compared to Season 7, which evaluated 700 applications but resulted in only five successful investments. Alex Odagiu, Investment Director at Binance Labs, recently shared insights with BeInCrypto regarding investment criteria, emphasizing the importance of technological innovation, market fit, and sustainable revenue models in today’s competitive landscape. This strategic focus aligns with Binance Labs’ current investment portfolio, which Cryptorank data shows includes significant allocations to AI (22.22%), restaking protocols (16.7%), and Layer-1 solutions (11.1%), with 47 investment rounds completed this year.

Solana trades at $170, needing double digit gain to reach $200 milestone Technical indicators suggest overbought conditions with CMF above 20.0 Critical resistance at $186 poses challenge while support levels await at $161 and $155 Solana’s recent price action has captured market attention as it edges toward the significant $186 resistance level, a price point that has consistently triggered reversals since mid-May. The cryptocurrency’s journey toward the psychological $200 barrier faces mounting technical challenges despite sustained momentum. Solana Technical Indicators Paint Complex Picture The Chaikin Money Flow indicator currently hovers above the 20.0 threshold, historically signaling peak inflow conditions that often precede significant profit-taking events. This elevated reading suggests mounting pressure from investors potentially preparing to secure gains, which could impact SOL’s upward trajectory. Source: TradingView Market momentum measurements reveal concerning signals, particularly in the Relative Strength Index, which has reached the critical 70.0 level. This overbought condition typically precedes market corrections, casting doubt on SOL’s ability to maintain its bullish stance near crucial resistance zones. The five-month persistence of the $186 barrier represents a formidable challenge for SOL’s immediate prospects. Should this resistance level hold firm, market participants anticipate potential retracements to established support at $161, with a secondary cushion at $155 marking a critical threshold for maintaining bullish market structure. Nevertheless, broader market dynamics could override these technical warnings. A successful breach of the $186 resistance would invalidate current bearish signals, potentially catalyzing momentum toward the coveted $200 mark. This scenario would require significant buying pressure to overcome existing technical headwinds and established resistance levels. Trading volumes and market sentiment remain key factors in determining whether SOL can defy technical indicators and continue its upward movement. The interplay between these market forces will likely determine the cryptocurrency’s short-term price direction as it navigates this critical juncture.

The Bank of Israel’s Digital Shekel Challenge came to an end today at the Tel Aviv Stock Exchange with finaal presentations and awards. A judging panel was shown a state-of-the-art decentralized marketplace for Real-World Assets (RWAs) enabled by the Layer 2 privacy blockchain COTI. Alongside teams like PayPal, Fireblocks, and a dozen others with financial, privacy, and networking expertise, COTI emerged as the only blockchain initiative to make it to the Digital Shekel Challenge’s final stages. An award was given to Paypal’s salary management system. Developing a two-tier approach for issuing a CBDC with an API layer that offers a set of features for payment service providers was the main objective of the task. The solution must simultaneously protect user privacy, optimize for security and dependability, and link end users to a wide variety of cutting-edge services. To bridge the gap between web3 and conventional banking systems, COTI submitted a decentralized event ticket marketplace that allowed counterparties to deal in their local currency while using the Digital Shekel as the mediating currency. Icebreaker, a cross-border CBDC payment system created by the BIS (Bank for International Settlements), served as its model. Implementing a marketplace based on smart contracts reduced transaction costs and conversion rates, eliminated the need for middlemen, and reduced fraud. Although COTI’s demonstration was centered on concert tickets, the idea might be used in many international markets by streamlining asset exchange via a CBDC. The Digital Shekel Challenge demo from COTI is available here: There is a lot of interest in CBDCs; three nations have already introduced one, forty-four are in the testing stage, and twenty more are actively developing. COTI supports CBDC implementations that balance privacy and openness so that business may thrive without worrying about government overreach. In order to show how privacy-by-design may protect the expansion of open digital markets while upholding user privacy and financial independence, COTI submitted a proposal to the Bank of Israel Digital Shekel Challenge. COTI’s privacy-focused blockchain provides cutting-edge functionality for safely storing and transacting with CBDCs. Its quick and portable privacy solution, which can operate on any device, even mobile ones, employs a revolutionary implementation of garbled circuits and offers a far lower operating cost than current privacy solutions. CBDCs as a safe payment method might be improved by the technology. Moving forward, COTI will focus on creating more use cases that address privacy issues in CBDC design. The COTI Network is Web3’s quickest and lightest confidentiality layer. COTI presents the most sophisticated and compatible solution for data security on the public blockchain, driven by the ground-breaking cryptographic protocol Garbled Circuits. COTI opens up a whole new realm of use cases, such as decentralized identity, DeFi, artificial intelligence, and confidential transactions, paving the way for the next wave of Web3 innovation and adoption.

This week has witnessed remarkable growth in the global cryptocurrency market, spearheaded by Bitcoin. Today, the total market capitalization of the cryptocurrency market stands at $2.44 trillion, an increase of 1.61% from the previous day. Most of the digital assets are in the green zone meaning that their prices are rising and the outlook of the market is generally positive. In this latest market frenzy, one storyline is attracting attention and some analysis: while Bitcoin is outperforming the rest and retesting $73,000, Ethereum is struggling to hit its target of $4,000. The diverging performances between the two top digital assets now serve as an interesting sub-plot to an exciting week ahead for the general cryptocurrency industry. Ethereum And Bitcoin- A Contrasting Story Of Market Run As the top two cryptocurrencies by market cap, it’s natural for analysts and observers to take a second look at Ethereum and Bitcoin. While both digital assets have notched some gains, with Bitcoin rising by 1.90% and ETH by 2.59%, they still paint contradicting storylines. As the top crypto, Bitcoin has led the recent market rally, surpassing the psychological $70,000 level and hitting $72,459.92. Last Tuesday, BTC tested the $73k level again, and analysts expect it will record another all-time high soon. In contrast, Ethereum’s run has been sluggish, falling short of expectations. While ETH joined other coins in a mini-rally this week, its current price of $2,687 is still far from the analysts’ target of $4,000. ETH’s Recent Run- What Analysts Are Saying The contrasting price runs and milestones for both top cryptos have attracted some attention. For most analysts, Bitcoin’s recent price performance validates its standing as the current top digital asset. Ethereum’s struggles to hit the elusive $4k have been criticized by some traders and analysts, with many stating that Solana is now “the next Ethereum.” However, a few analysts still defend Ethereum and expect the blockchain to rebound soon. Benjamin Cowen, the founder and CEO of ITC, took to Twitter/X to say that the Ethereum blockchain “is not dying.” In the same post, he shared that he expects ETH/BTC to bottom this quarter and will make a run next year. ETFs Also Show A Similar Storyline In addition to market prices, the spot ETFs market reflects Bitcoin’s overall strength and Ethereum’s recent struggles. According to recent data, Bitcoin ETFs attracted $870.1 million, compared to Ethereum’s spot ETFs’ $7.6 million. While many are excited about Bitcoin’s next price move, some are paying attention to ETH. Ethereum is now on the analysts’ radar, and they are checking whether ETH can benefit from the same market factors pushing Bitcoin higher. Featured image from Pexels, chart from TradingView

Injective, the DeFi-centric protocol, has recently made major moves. Besides boasting of high throughput and low fees while protecting traders from maximal extractive value (MEV) bots, the platform has been striking key partnerships. Injective Integrates With Fetch.ai And ASI This week, the proposal by Fetch.ai and the Artificial Superintelligence Alliance (ASI) community to integrate Injective was passed synonymously. The proposal passed with 100% of the votes agreeing with the move. Looking at voting data, over 324 million FET voted to endorse the idea, with only 656 FET rejecting it. No one voted to abstain or veto. Voting started on October 23 and ended five days later on October 28. According to the proposal, the goal is to revive the expired IBC client for Injective under “Revive expired IBC client for Injective.” In this way, Fetch.ai, now part of the ASI Alliance, can harness the power of AI within the sprawling Injective DeFi ecosystem. This arrangement will allow Fech.ai, an AI-centric platform, to directly plug its machine learning and AI capabilities into the Injective platform. Out of this, users will benefit from streamlined and leveraged AI-enabled tools when trading. The team also said they would benefit from improved liquidity management and asset allocation. Even with this deal, Injective and ASI will continue operating independently. The integration isn’t a merger but an Injective tapping into ASI’s AI capabilities. Why Is INJ Down? Bullish as this may be, INJ prices ticked lower, looking at the events in the daily chart. Injective bulls have yet to reverse losses posted on October 25 comprehensively. Accordingly, despite the series of higher highs over the weekend and in the first half of the week, sellers are in control. So far, INJ is down 20% from October highs and continues consolidating inside a $10 zone. Clear resistance is around $25, while support is at $15. If the bulls of Q1 2024 flow back, momentum will likely pick up once buyers break above the $25 level, preferably with increasing engagement. Besides improving crypto sentiment and rising total value locked (TVL) across DeFi, INJ could benefit from Injective’s core feature. The protocol has the highest revenue-to-fully diluted valuation (FDV) ratio, even better than Ethereum. The high metric translates to Injective boasting of an efficient revenue generation mechanism that could further boost prices.