The Bitcoin price could see its price surging dramatically to $200,000, with the formation of a new Cup and Handle pattern. While the pioneer cryptocurrency has been slowly recovering from bearish trends to reach the $70,000 mark, a rally to $200,000 would mark a historical milestone and a new All-Time-High (ATH) for BTC. Technical Pattern Signals $200,000 Rally Ahead Popular crypto analyst, Mags has unveiled a new technical pattern in the Bitcoin price chart. According to his post on X (formerly Twitter), Bitcoin is currently forming “a massive cup and handle pattern,” indicating a potential for a major rally. Mags revealed that the Bitcoin price has just moved past the handle portion in the technical pattern, indicating a positive signal for a breakout that could start a bullish phase. As its name suggests, a Cup and Handle pattern is a key technical chart pattern that resembles a cup and handle. In this chart pattern, the cup is in the shape of a U and is considered a bullish signal, while the handle represents a slight downward drift, which indicates a potential buying opportunity to go long. Mags observed that since Bitcoin has just broken past the handle, the next level is to watch the “neckline” which serves as a resistance point. If Bitcoin can break through the neckline, it’s price could surge dramatically or like the analyst says “go vertical.” This bull rally could see Bitcoin’s price driving towards $200,000, marking a new all time high for the cryptocurrency. Currently, the price of Bitcoin is trading at $66,972, reflecting a slight 2.02% decrease in the past seven days, according to CoinMarketCap. While Mags has projected a $200,000 price increase for Bitcoin, the analyst has also forecasted even higher price targets in previous X posts, suggesting that a $200,000 price level may be conservative for the world’s first and largest cryptocurrency. Bitcoin Price Peak Set At $300,000 In another X post on October 24, Mags disclosed that Bitcoin is about to enter its price discovery, suggesting an imminent breakout to new levels. Price discovery is the process by which an asset’s true market value is determined, and for Bitcoin, it suggests when its price could reach fresh highs. Sharing a historical Bitcoin price chart, the analyst pinpointed instances where the cryptocurrency entered a price discovery before reaching a peak. In 2014, BTC hit a peak, then bottomed out in 2015 before reaching another price high in 2018. A similar price action occurred between 2019 and 2024, with BTC achieving a bottom in 2019 and peaking in 2021. Following this historical price trend, Mags indicated that Bitcoin hit its bottom in 2023 and is now about to enter its price discovery. Once the cryptocurrency does, it could signal a surge to a new all-time high, which Mags has set at an impressive $300,000.

Analysts said that Bitcoin prices could drop slightly in the short term as whale accumulation reached a new record high. Whale’s Bitcoin holdings have reached 670,000 BTC, the largest accumulation of the digital currency in history. Impact Of Whale Accumulation Crypto analysts said that one of the positive impacts of whales buying large volumes of Bitcoin is it helps stabilize the market. As a result, the crypto’s price could go down a little bit or become more stable. Reducing the volume of Bitcoin in the market could possibly make prices less susceptible to volatility. In previous whale accumulations, it was observed that BTC price usually behaves in a specific way, in which on most occasions, BTC goes flat or slightly decreases. This period of BTC accumulation could also signal that whales have no immediate intent to sell their digital assets. It might be an indicator that whales are looking at capitalizing on Bitcoin in the long term so the accumulation phase is a strategic move. Real Indicator Of Bitcoin Growth CryptoQuant said the whale accumulation could be seen as the ‘calm before the storm’ in the long term, saying that Bitcoin prices move sideways or experience a moderate fall during the accumulation phase. However, CryptoQuant noted that there is no doubt that in the long run, this is an ‘optimistic sign.’ The crypto analyst said that the ‘real’ growth in Bitcoin happened after the whales decided to dispose of their holdings and reached a negative percentage change value. According to CryptoQuant, Bitcoin’s price movement during the accumulation phase usually paved the way for significant growth in BTC. “Historically, after whales reduce their holdings and a negative percentage change is reached, a strong surge in Bitcoin prices often follows,” CoinNess Global said in a post. US Elections Could Be A Factor Analysts said that whale activity is a key driver in the crypto market, however, they said that a price shift in BTC does solely rely on whales since several factors have an impact on Bitcoin prices, and the US presidential election is one of them. Many Bitcoin analysts are looking ahead to the US national election, which could be a defining moment for the digital currency market. This is the presidential election wherein crypto-friendly policies have been a key part of the candidates’ political agendas. However, some investors are betting that no matter who wins the coveted seat in the White House, Bitcoin price will experience an upsurge and potentially hit $80,000 by November. Featured image from Harbor Breeze Cruises, chart from TradingView

Bitcoin has had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. Following weeks of strong bullish momentum, the market has now cooled, and BTC is consolidating just below the crucial $70,000 level. This key threshold is seen as a trigger for intensified buying pressure if Bitcoin manages to break above it. According to CryptoQuant data, there’s still room for further growth, as short-term holder (STH) coins are trading at a 6.2% net asset value (NAV) premium. This premium is often viewed as a gauge of market sentiment, reflecting the optimism of short-term holders who are willing to pay above the current market value to acquire Bitcoin. A higher NAV premium generally suggests that investors expect continued price appreciation and are positioning themselves for future gains. As BTC stabilizes in its current range, all eyes are on the $70,000 mark as a potential breakout level that could pave the way for a fresh rally. With positive market sentiment and supportive data, Bitcoin’s outlook for the coming weeks remains encouraging, fueled by both technical signals and strong buyer interest. Retail Buying Bitcoin (Again) Bitcoin is experiencing growing demand from short-term holders as its price consolidates below key supply levels, close to all-time highs. Analyst Axler Adler recently shared critical insights on X, showing that Bitcoin’s net asset value (NAV) premium among short-term holders has climbed to 6.2%. This 6.2% NAV premium indicates that Bitcoin’s current market price is trading 6.2% above the average acquisition cost for short-term holders. Essentially, these investors are valuing Bitcoin at a premium, suggesting optimism about the potential for further gains. Adler explains that this metric acts as a bullish signal, highlighting room for continued price growth. An NAV premium of 25% or higher typically points to an overheated market, implying that demand has yet to reach excessive levels. According to Adler’s analysis, the NAV premium is an important gauge of market sentiment. A moderate premium like 6.2% reflects healthy demand among short-term holders, aligning with an accumulation phase rather than a peak. This is especially relevant as Bitcoin’s price consolidates under significant resistance levels, potentially setting the stage for a breakout. Bitcoin’s consolidation below its key supply levels and rising demand among short-term holders reflects a favorable environment for potential price appreciation. If short-term holder demand continues to grow, it could fuel BTC’s ascent to new highs. The balance between premium demand and manageable NAV levels could signal sustained upward momentum. There is a potential rally on the horizon if buying pressure strengthens at current levels. Technical Level To Watch Bitcoin is trading at $66,900 after establishing solid support around $65,000. The price action signals resilience as it consolidates above this crucial level. This support around $65,000 marks a significant pivot, as holding above it reflects underlying strength and fuels optimism among investors. However, for Bitcoin to keep bullish momentum, a push above $70,000 is essential to confirm the uptrend. If Bitcoin loses the $65,000 level, analysts foresee a retrace toward the 200-day moving average (MA) at $63,274. This level is relevant as a long-term support zone. A pullback to this area could attract new buyers, reinforcing it as a major support if tested. Investors view the 200-day MA as a key anchor for Bitcoin’s bullish structure. If BTC can hold above $65,000 and eventually break $70,000, it would indicate a continuation of the current bullish phase. Conversely, a dip below these supports would shift focus to the 200-day MA. Holding above this moving average is crucial to prevent a bearish reversal. Featured image from Dall-E, chart from TradingView

Following its bearish start to October, Bitcoin has since shifted momentum, rising as high as $69,000 in the last two weeks. Despite this significant price rally, Bitcoin retail investors remain hesitant to engage the market. In its weekly crypto report on Friday, blockchain analytics firm CryptoQuant shared an interesting insight into this low retail activity in the Bitcoin market. Bitcoin Retail Investors’ Holding Grows At Historically Slow Pace – Report According to CryptoQuant, retail investors’ holdings have grown by 18,000 BTC valued at $1.2 billion over the last four months reaching a total new value of 1.753 million BTC worth $112.7 billion. While this development demonstrates a rising market interest by these small investors, the analytic firm notes the pace of accumulation is significantly slow compared to historical data as retail investors only acquired a net 1,000 BTC valued at $66.31 million, in the last 30 days. Notably, the retail investor accumulation rate has been on a consistent decline since May 2023, when their holdings rose by 27,000 BTC worth $1.79 billion Therefore, CryptoQuant reports that these Bitcoin individual investors have only increased their investments by 30,000 BTC valued at $1.99 billion in 2024, which pales in comparison to the whale investors whose holdings have grown by 173,000 BTC worth $11.50 billion in the same period. During periods of price gain, low retail investor activity as discussed above can be concerning as it represents decreased market liquidity or even a lack of market confidence in the asset’s ability to sustain its current bullish trajectory. Alternatively, this lack of interest from small-scale investors also presents positive indications. For example, CryptoQuant reports that low retail activity includes these small investors holding onto their Bitcoin rather than selling. The analytics firm notes that Bitcoin transfer to exchange in January 2023 has decreased from a daily average of 2,700 BTC to 1,400 BTC in 2024, thus there is reduced selling pressure on the token. In addition, transfer activity among retail investors remains low, with transaction volume dropping to $326 million on September 21, the lowest level recorded since 2020. While reduced transfer activity may indicate limited market volatility, CryptoQuant states that low retail activity has historically preceded significant price gains for Bitcoin. Bitcoin Price Overview At the time of writing, Bitcoin trades at 66,896 following a 1.11% decline in the last day due to reports of an alleged investigation into Tether, the issuer of stablecoin USDT, and conflict in the Middle East. However, Bitcoin’s daily trading volume is up by 34.29% and is valued at $42.10 billion.

Toncoin (TON) has undoubtedly been one of the best performers in the cryptocurrency market in 2024, enjoying a meteoric rise in the first half of the year. However, the altcoin has struggled to keep up the pace just as the other large-cap assets in recent months. In its latest downturn, the Toncoin price lost its hold above the psychological $5 level for the first time in over a month on Friday, October 25. However, a popular analyst on X has predicted that the cryptocurrency may not stay beneath this level for long. Analyst Sounds Buy Alarm For TON — Here’s Why In a recent post on X, prominent crypto analyst Ali Martinez shared that the price of TON might be gearing for a rebound more quickly than anticipated. This positive projection came after the altcoin succumbed to intense bearish pressure to fall below $5. According to Martinez, the “Tom Demark” (TD) Sequential has sounded a buy alarm for the Toncoin price on its 12-hour chart. The TD Sequential, an indicator used in technical analysis, can help traders identify potential points and times of trend exhaustion and price reversal. The TD Sequential is made up of two major phases known as the TD Setup phase and the TD Countdown phase. As shown in the chart below, the price of TON on the 12-hour timeframe appears to have completed the TD Setup phase. The Setup phase comprises nine candles of the same polarity (bearish or bullish). In a bullish Setup phase, the starting number “1” is plotted on a candle that closes higher than the close of the candle four periods prior. A bearish Setup phase, on the other hand, is marked by the starting number “1” on a candle that closes lower than the close of the candle four periods before. A possible point of price reversal can be identified when the TD Sequential plots figure “9” on the top or bottom of a candle in a bullish or bearish trend. As seen in the Toncoin 12-hour chart, the figure “9” appeared on the last bearish candlestick, meaning that altcoin might be gearing up for a rebound. If this projection does hold, investors could see the TON price return to $5 as soon as possible. Toncoin Price At A Glance As of this writing, the price of Toncoin stands at around $4.74, reflecting a disappointing 7.4% decline in the past 24 hours. This brings the altcoin’s wobbly performance on the weekly timeframe to a 10% price fall.

An emerging AI-powered token is drawing interest with its potential to climb from $0.035 to $100. Could this digital asset overtake prominent coins like TRX and Solana in the expected altcoin boom of 2025? With artificial intelligence at its core, this cryptocurrency may be set to revolutionize the industry. The crypto community watches as this new player aims to reshape the market. CYBRO: Your Gateway to Unmatched Crypto Gains! Welcome to the world, where CYBRO is redefining the rules of crypto investing and putting GIGA PROFITS within your reach. Built on the revolutionary Blast blockchain, CYBRO maximizes your crypto earnings like never before. Whether you’re farming yield, stacking ETH, or just HODLing for those epic returns, this is the token for those who know how to win. CYBRO’s Presale is Hot and Approaching $3 Million! CYBRO’s presale is skyrocketing and inching toward the $3 million mark — and there’s a reason for that. At just $0.035, you’re getting in at a massive discount before the token hits the market at $0.06. That’s an easy 140% ROI for those who jump in early. Over 9,000 holders have already joined the alpha squad, and they’re stacking rewards like never before! Why CYBRO? Because Winning is the Only Option. Here’s why the community is rallying around CYBRO: Yield Farming: Top-tier user interface with multiple strategies to farm APY and Points. Built on Blast: Native yield with an APY of 4% for ETH and 5% for stablecoins. Effortless Deposits and Withdrawals: Easy in, easy out, so you’re always in control of your funds. AI-Powered: Create AI-tailored portfolios, built for your preferences and optimal performance. Early Investors Win Big Don’t wait until prices soar! By investing now, you’ll not only benefit from immediate growth potential but also unlock weekly ETH rewards and participate in community-driven airdrops. Early adopters are already seeing gains, and you can too! Join CYBRO today and secure your place in this fast-growing ecosystem. The future belongs to those who act now—don’t miss your chance before prices skyrocket! >>Get in Early, Reap the Rewards with CYBRO!<< TRON (TRX) Shows Steady Growth: Will It Reach $0.17 Soon? TRON (TRX) is trading between $0.15 and $0.16, showing steady growth over the past 6 months with a 36.58% increase. The 10-day and 100-day simple moving averages are both at $0.16, indicating a stable trend. The Relative Strength Index (RSI) is 54.31, suggesting the coin is neither overbought nor oversold. The nearest resistance level is $0.17; if TRX breaks this, it could see further gains. With a recent 5.57% rise over the past month, TRX might aim for the second resistance level. However, if the price dips below $0.15, the next support is at $0.14. Solana Nears Resistance Level, Potential for Further Growth Solana (SOL) is trading between $153.50 and $174.52. In the last week, it gained over 9%. Over the past month, it increased by about 17%. The price is approaching the resistance level at $181.71. If it breaks this level, it may reach the next resistance at $202.73, which is about a 12% increase from the current price. The RSI is near 60, showing the market is not overbought yet. The 10-day and 100-day simple moving averages are close, suggesting steady growth. The MACD level is slightly negative, indicating possible consolidation. Solana could see further growth if it moves past the resistance. Conclusion In the midst of the current bull run, CYBRO emerges as a standout in the crypto space. Unlike TRX, SOL, ADA, and DOT, which show less potential for rapid gains in the short term, CYBRO offers investors exceptional opportunities. Its AI-powered yield aggregation on the Blast blockchain maximizes earnings efficiently. Features such as generous staking rewards, exclusive airdrops, and cashback on purchases enhance the user experience. Seamless deposits and withdrawals add to its appeal. With a strong focus on transparency, compliance, and quality, CYBRO attracts significant interest from crypto whales and influencers. This positions CYBRO as a leading project poised to surpass its competitors in the upcoming altcoin boom. Site: https://cybro.io Twitter: https://twitter.com/Cybro_io Discord: https://discord.gg/xFMGDQPhrB Telegram: https://t.me/cybro_io 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.

Solana (SOL) has shown strong performance, climbing over 12% in the past week. The global crypto market faced selling pressure, leading to a 2% decline in market cap in the past 24 hours. The crypto market has faced a wave of selling pressure, with many major digital assets slipping into the red over the last 24 hours, leading to a 2% dip in the total market cap. This week has been marked by sharp price swings, as October’s rally began to lose steam and left bulls struggling to hold their ground. Among the turmoil, however, a few altcoins have still managed to stand out, with Solana (SOL), TRON (TRX), and Uniswap (UNI) showcasing notable performances over the past week. Solana has been one of the stronger performers despite the broader market correction. Over the past week, SOL surged more than 12%, hitting a high of $179 before pulling back to around $168.64 at the time of writing. While it has retraced from a weekly high, this latest price shows a slight recovery from its intraday low of $160.04. The trading volume for SOL also jumped by over 44%, reaching a remarkable $44.95 billion, reflecting continued investor engagement. Can Solana Overcome Short-Term Pressure On the technical front, the current MACD setup for Solana, with the MACD line at 0.53 below the Signal line at 1.76 but both above the Zero line at -1.24, suggests a temporary dip in momentum within a broader uptrend. This setup indicates that while Solana may experience short-term bearish pressure, the overall trend remains positive, potentially signaling consolidation before another upward move. Solana (SOL) Price Chart (Source: TradingView) Next the Relative Strength Index (RSI) at 58.25, SOL is in a neutral-to-slightly-bullish zone, suggesting moderate buying interest and the potential for further gains if demand picks up. Key support for Solana is currently around $155, and if it breaks through the $180 resistance, it could set its sights on reaching $193 or even $220. While there may be some short-term pressure, the long-term outlook for SOL appears strong. Highlighted News Of The Day Vitalik Buterin Maps Ethereum’s Next Phase with The Purge

Curve Finance is not new to scams, with previous fake apps targeting its user base. Users are urged to verify app sources to safeguard their cryptocurrency assets. Curve Finance is a well-known decentralized exchange (DEX) for stablecoins, earning significant trust within the crypto community. A deceptive app mimicking Curve Finance has made its way onto the Apple App Store, quickly climbing into the top 100 finance apps. Despite clear user warnings, this imitation app, “Curve defi v3,” is gaining traction. It is posing risks to unsuspecting users in Europe, Latin America, New Zealand, the United States, and Southeast Asia. In response, community members have raised alarms on social media. They urge users to report and avoid downloading the app. Ongoing Scams Targeting Curve Finance The official Curve Finance team has echoed these warnings, advising users to access the platform only through verified sources. However, user reviews reveal a stark reality, with the app predominantly receiving one-star ratings. Many users have reported it as a scam, raising alarm over data security breaches and potential theft of funds. Moreover, the app’s description misleads users by stating they can “arrange blocks to make a perfect row,” creating a false impression of gameplay instead of financial utility. This misleading information makes it challenging for casual users to differentiate between real and fake applications. The app also boasts about having “over 30 million global users,” a tactic aimed at building a facade of credibility. Unfortunately, this is not an isolated incident. Earlier in the year, another fake app attempted to impersonate Curve Finance, demonstrating a troubling pattern of scams targeting its user base. As the decentralized finance (DeFi) sector expands, users must remain vigilant and educated about potential threats to protect their assets and trust in the crypto ecosystem. Highlighted Crypto News Today Vitalik Buterin Maps Ethereum’s Next Phase with The Purge

Neiro (NEIRO) and Rexas Finance (RXS) surged into the limelight a few weeks ago. During this period, NEIRO had an over 5500% price gain, thanks to its listing on Binance. Similarly, Rexas Finance grew through 4 presale phases, raising over $3.9 million with a quick 100% price gain. Today, both coins’ fates are telling a different story. Neiro has faced over 14% decline in the past week owing to profit taking, and its future hangs on a thread. However, Rexas Finance continues its impressive presale record as whale accumulation surged following its recent listing on CoinMarketCap. Moving on, experts advise you to sell NEIRO and buy more Rexas Finance. Here is why. NEIRO Whales Are Taking Profits: Time to Sell? After a 5,500% rally in early September, Neiro (NEIRO) has lately shown a somewhat declining trend. Originally considered a meme coin powerhouse, the coin has dropped 14% in value over the past 24 hours and is presently trading at $0.0020. The rising trading volume, which increased by 12% to $685 million, indicates panic selling rather than a typical correction. More worrying is the flight of whale investors. In just one week, big NEIRO holders—those in charge of between one million and 100 million tokens—have cut their exposure by five percent. This notable decline in whale addresses shows that huge players are losing faith in the future of the coin, thereby increasing its volatility.Furthermore, depressing are the technical signs. With the MACD line falling below the signal line, NEIRO’s MACD (Moving Average Convergence Divergence) provides a negative signal, implying a continuation of the declining trend. Should this continue, NEIRO may experience a further reduction of up to 55%, accompanied by a likely price drop of $0.00091.Overall, the timing to sell Neiro before more losses become significant seems perfect as the market trend becomes bearish and whales leave. Rexas Finance (RXS) Sees Rapid Adoption as Presale Fund Nears $4M Rexas Finance (RXS) is showing great promise even as Neiro struggles. Currently, in its presale phase, Rexas Finance is concentrated on tokenizing real-world assets (RWA), a market that might transform asset ownership all around. With almost $4 million raised, the presale has already attracted great momentum. Currently valued at $0.06, the RXS token has seen constant demand. Early investors could find significant profits once the presale ends, and a listing price of $0.20 rocks popular exchanges. Rexas Finance is joining a unique and profitable sector. The platform provides access to markets once restricted by substantial entrance barriers. It allows users to tokenize assets such as real estate, commodities, and artwork. Rexas Finance is unique among other projects because of this democratization of asset ownership.A significant step towards confirming its legitimacy, RXS has recently obtained a listing on CoinMarketCap. The CoinMarketCap listing allows possible investors to track the value and market performance of the coin, bringing openness and confidence to the project. Moreover, Rexas Finance has declared a $1 million giveaway, which will inspire even greater project interest. Each of the twenty lucky winners will get $50,000 worth of RXS tokens, attracting additional players and raising the profile of the initiative.Accessible for both individuals and institutions, the Rexas Token Builder also lets users quickly tokenize their assets. Meanwhile, Rexas Finance provides more than mere tokenization. Features like yield farming, staking, and a dedicated launchpad for new tokenized projects let the ecosystem provide investors with several income sources. Given the trillion-dollar markets Rexas Finance seeks to challenge, its opportunities are rather extraordinary. RXS is a buy for investors wishing to get early on a project with long-term growth potential since the presale is creating great interest and the ecosystem provides several utilities. Rexas Finance is the Stronger Play Going into the upcoming bull run, Neiro clearly faces major difficulties. Selling Neiro makes sense, given its decreased whale attraction, technical signals pointing to more losses and declining prices. Rexas Finance, on the other hand, is producing good presale performance and something unique aimed at the large RWA market. Investors should take advantage of this exciting possibility and think about joining the RXS presale before prices climb any higher. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

LBank, leading global cryptocurrency exchange, has officially launched its “Spooky Season” Halloween Campaign, running from October 22 to November 3, 2024. With a total prize pool of $7,000 USDT, this festive event invites crypto enthusiasts to engage in a series of activities that celebrate the Halloween spirit while promoting visibility for participating projects. Participants can join the excitement through LBank and the various communities of collaborating projects, including 4CHAN, Turbo, Neiro On Ethereum, Xi Jinpeng, BlackFort BXN, Bad Idea AI, and MetaMUI, across Twitter and Telegram. The campaign’s centerpiece is a series of exclusive Twitter Spaces, where each meme project hosts its own event. Participants can join these lively discussions with project leaders, share insights, and win prizes. Each session will offer $200 USDT in rewards, providing opportunities for listeners to earn while connecting with these projects. Event Details: Join the Halloween festivities with a variety of thrilling activities: Exclusive Twitter Spaces: Participate in a series of Twitter Spaces hosted by each meme project, where you can engage in lively discussions with project leaders. Each session offers $200 USDT in prizes, creating a unique opportunity for participants to earn while learning about the projects directly. Quick Giveaways: Throughout the campaign, there will be seven Quick Giveaways, each offering $150 USDT. These flash events are designed to reward active participants and encourage community involvement. Halloween Special Spooky Airdrop: Get ready for six spooktacular Galxe Airdrop events and even more chances to win big! LBank will team up with six meme projects to host a special Halloween-themed joint airdrop, featuring a chilling total prize pool of $2400. Complete simple tasks to secure your share of these exciting rewards. By uniting multiple meme projects, this Halloween campaign fosters deeper connections within crypto space, while offering participants a chance to enjoy festive rewards and engaging conversations. About the 7 Collaborating Projects 4CHAN: This meme token is inspired by the infamous 4chan internet forum, known for its raw, chaotic culture. The project embraces the spirit of decentralization and online freedom, with a strong community backing and engagement. Turbo: Turbo Coin (TURBO) is an innovative meme coin characterized by its unique frog mascot. The project began as an experiment initiated by its founder, who challenged GPT-4 to create a meme coin with just a $69 budget. TURBO features a total supply of 69 billion tokens, which are distributed fairly without any transaction taxes. The project’s commitment to transparency and simplicity, including the transfer of the contract, distinguishes it from other cryptocurrencies. Neiro on Ethereum: $NEIRO is a newly launched cryptocurrency with a total supply of 1 billion tokens, designed to foster community engagement through a zero buy/sell tax policy and no allocation of tokens to the development team. This approach emphasizes transparency and decentralization, positioning it as a significant opportunity within the crypto market. Neiro draws parallels to the rise of Dogecoin, capitalizing on its community-driven ethos and potential for meme-inspired growth. Xi Jinpeng: A meme cryptocurrency NOT AFFILIATED WITH ANY POLITICAL ENTITIES, aimed at transforming finance and empowering individuals to invest in their future. BlackFort BXN: BlackFort Exchange Network (BXN) is a Layer 1 EVM-compatible blockchain that utilizes the Proof-of-Staked-Authority (POSA) consensus algorithm. It offers a comprehensive ecosystem with various utilities, including a multichain wallet, payment solutions, and decentralized exchanges. Bad Idea AI: Bad Idea AI ($BAD) is a decentralized project that fuses Blockchain, AI, and DAOs. It explores the potential of AI as both a benefit and a risk to humanity, engaging the community in decision-making. With an emphasis on collaboration, $BAD aims to ensure that AI technology is used for the greater good. The token supply is verified by data aggregators, ensuring transparency and security in its management. MetaMUI: MetaMUI is an innovative identity-based blockchain developed by Sovereign Wallet, designed to create a more inclusive financial ecosystem. It enables digitization of essential infrastructures like identity and transactions, allowing for self-sovereign finance without traditional paper reliance. By supporting privacy-preserving digital currencies and balancing decentralization with efficiency, MetaMUI addresses the limitations of previous blockchain systems, paving the way for a more equitable financial future. Embracing the Meme Revolution Meme tokens have gained significant momentum in the cryptocurrency market, fostering creativity, community engagement, and rapid market growth. Their playful nature attracts a diverse range of participants eager to explore new opportunities. LBank is leading this movement by enhancing its platform to support the meme token ecosystem. Initiatives like the Halloween Campaign celebrate community spirit and encourage participation, paving the way for exciting new projects and partnerships. Through initiatives like the “Spooky Season” campaign, LBank continues to support the growth of this dynamic space.By partnering with meme projects such as 4CHAN, Turbo, Neiro On Ethereum, Xi Jinpeng, BlackFort BXN, Bad Idea AI, and MetaMUI, LBank demonstrates its commitment to driving innovation and community engagement within the meme sector. This proactive approach facilitates a vibrant exchange of ideas, creating valuable connections among users. As the meme token phenomenon evolves, LBank is positioned to be a key player, empowering its community to ride the wave of this dynamic trend. About LBank Founded in 2015, LBank is a leading global cryptocurrency exchange, serving over 12 million registered users in more than 210 countries and regions. With daily trading volumes surpassing $20 billion and support for over 800 cryptocurrencies, LBank is committed to delivering a comprehensive and user-friendly trading experience. Through innovative trading solutions, LBank has helped users achieve average returns of over 130% on newly listed assets. As a pioneer in the Meme coin market, LBank has listed over 240 mainstream Meme coins and 40 Meme gems, with several achieving gains of over 500%. As the industry leader in first-time Meme coin listings, LBank has become the go-to platform for Meme coin investors. For more information, visit Website | Twitter | Telegram | LinkedIn | Discord 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.

Ethereum advances with Layer 2 scalability solutions, enhancing speed and lowering costs. Proof of Stake significantly cuts Ethereum’s environmental impact. Vitalik Buterin, co-founder of Ethereum, recently shared his insights on the protocol’s future, detailing improvements aimed at scalability, security, and user empowerment. This roadmap highlights shifts essential to Ethereum’s continued growth and its decentralized nature. The primary focus is on scalability. Buterin emphasizes Layer 2 solutions like rollups, vital for reducing transaction costs and boosting speed. This enhancement supports Ethereum’s growing applications in gaming, DeFi, and social media, ensuring these high-demand sectors operate smoothly without overwhelming the network. Another priority is data efficiency. Buterin points to “The Purge,” an initiative targeting historical data load reduction, which allows nodes to operate with minimal storage. This shift is crucial for decentralization, as it lowers the entry barrier for users who want to run nodes, reducing reliance on centralized intermediaries. Strengthening Interoperability in Ethereum Buterin’s vision also calls for a refined consensus structure. With Ethereum’s transition to Proof of Stake, decentralization is reinforced, enabling a more energy-efficient and democratic approach. This transition reduces Ethereum’s environmental impact, positioning it as a sustainable leader in blockchain technology, with over 99% reduced energy consumption. Security improvements are also essential, especially in the context of decentralized finance (DeFi). Buterin discusses upgrading Ethereum’s core infrastructure to bolster safety measures against hacks and fraud. Enhanced cryptographic security and multi-layered defense strategies protect assets, which increases trust in Ethereum for both users and institutional partners. Cross-chain compatibility remains another cornerstone. Ethereum’s interoperability initiatives aim to facilitate seamless interactions across various blockchains. By encouraging multi-chain networks and secure cross-chain bridges, Ethereum fosters an ecosystem where assets and information can flow across different platforms, enhancing innovation and inclusivity. Decentralized governance is yet another significant feature. Community-driven governance enables transparent decision-making, where users influence future updates. Buterin advocates for a governance model that remains both inclusive and adaptable, keeping the network aligned with user priorities and preventing centralization risks.

Cybro could be the cryptocurrency that exceeds all predictions by 2025, potentially reaching a $1 million valuation. It may outperform established coins like Toncoin and Uniswap. Discover what sets Cybro apart in the competitive crypto market and why it might be the key to significant returns in the near future. CYBRO Presale Soars Past $3 Million: A One-in-a-Million NeoBank Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $3 million. This cutting-edge NeoBank offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In addition to tokens, CYBRO introduces special Points, offering even more opportunities for investors. Holders of these Points will automatically participate in the CYBRO Airdrop, where the more Points you hold, the more tokens you will receive. CYBRO distributes up to 1 million Points weekly, which can be earned by investing in DeFi Vaults in the CYBRO app. Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform. With only 21% of the total tokens available for this presale and approximately 80 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million. >>>Join CYBRO and aim for future returns up to 1200%<<< Toncoin: A Decentralized Cryptocurrency with Potential Growth Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized, open-source layer-1 blockchain. It operates on a proof-of-stake consensus model, which enhances scalability and reliability. Initially developed by Telegram, the project is now supported by the TON Foundation and community enthusiasts. Toncoin aims to provide fast, secure payment services with minimal fees. Its ecosystem includes decentralized storage, services, DNS, anonymous networking, and efficient payment processing. The coin has shown significant price movements, suggesting potential growth in the cryptocurrency market. With its strong technological foundation and community support, Toncoin presents an interesting option for those interested in blockchain innovations. Uniswap’s UNI Token Enables User Governance in Decentralized Exchange Uniswap’s UNI token lets holders vote on changes to the platform, like fees and token distribution. This move came after competition from SushiSwap, aiming to keep users loyal by giving out 150 million UNI tokens to past users. Each received 400 UNI tokens worth over $1,000 at launch. Uniswap is a leading decentralized exchange on Ethereum, using an automated liquidity protocol. It allows trading without an order book and gives users full control of their funds. Its open-source nature and free token listing make it stand out from centralized exchanges. With over $3 billion in assets, Uniswap is the fourth-largest DeFi platform. Conclusion In conclusion, while Toncoin (TON) and Uniswap (UNI) may offer potential, they show less promise in the short term compared to CYBRO. CYBRO, with its advanced DeFi platform on the Blast blockchain, provides investors with unmatched opportunities to boost their earnings through AI-powered yield aggregation. Features like high staking rewards, exclusive airdrops, and cashback on purchases enhance user experience, ensuring smooth deposits and withdrawals. With a focus on transparency, compliance, and quality, CYBRO emerges as a standout project, attracting significant interest from major crypto investors and influencers. As the crypto market enters a new bullish phase, CYBRO positions itself as a superior investment poised to achieve substantial growth by 2025. Site: https://cybro.io Twitter: https://twitter.com/Cybro_io Discord: https://discord.gg/xFMGDQPhrB Telegram: https://t.me/cybro_io 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.

Major cryptocurrencies, including BTC and ETH, saw significant drops, impacting sentiment in the crypto market. The U.S. federal government is investigating Tether, a major stablecoin issuer of USDT. The global crypto markets experienced a turbulent day as negative sentiments swept through the trading floor. Bitcoin (BTC) initially dipped to around $65,500 but later rebounded slightly to about $67,085. In addition to Bitcoin’s struggles, Ethereum (ETH) fell to approximately $2,471 from $2,563, marking a decline of over 7%. Solana (SOL) also faced challenges, dropping nearly 10% to around $160, while XRP saw a decrease of about 7% to settle at $0.514. The overall cryptocurrency market capitalization took a hit, decreasing by 2.48% to reach $2.28 trillion. Interestingly, despite the downturn, total market volume surged by 43%, now standing at $105.01 billion, indicating a flurry of trading activity despite the falling prices. A key reason for the market’s tense atmosphere is the ongoing investigation into Tether, a prominent stablecoins issuer of USDT. The Wall Street Journal reported on October 25 that U.S. authorities are scrutinizing Tether, causing concern among investors. However, Tether’s CEO, Paolo Ardoino, dismissed the news as “old noise,” but the uncertainty has undoubtedly rattled the market. Mixed Performance in Memecoins and Altcoins In the memecoin arena, Dogecoin (DOGE) and Shiba Inu (SHIB) also faced declines, with DOGE falling by 4.59% and SHIB by 6.17%. Other popular tokens like PEPE, WIF, and BONK witnessed losses of 8% to 12%. On a more positive note, Goatseus Maximus (GOAT) stood out as a top gainer, surging by 30% to trade at $0.8551. In contrast, Notcoin (NOT) faced an 11% drop, along with Celestia (TIA), which fell by 10% to $5.37. Additionally, the cryptocurrency markets are highly sensitive to geopolitical risks. Israel’s recent attack on Iran has contributed to a decline in prices. Investors often react swiftly to such events, leading to heightened volatility in digital asset prices. Highlighted Crypto News Today Emory University Invests Over $15M in Grayscale Bitcoin Mini ETF

Popular crypto analyst Michaël van de Poppe has highlighted vital price levels in the Ethereum (ETH) market following a massive option expiry event. This development comes amidst high whale activity on the Ethereum network. ETH To Break Out At $2,750, Analyst Says On Friday, approximately $1.02 billion worth of Ethereum options contracts were settled with the max pain point established at $2,600. Amidst this massive option expiry, the price of ETH rose by over 3% to trade at $2,547 despite fears of price decline due to increased market volatility. Following this price gain, Van de Poppe states that Ethereum now finds itself between two routes, especially as the “macroeconomic weeks” approach. Notably, the US elections are set to be held in a fortnight, the results of which are expected to wield a significant effect on the crypto market. Moreover, there is still anticipation of a Fed rate cut in November which could avail liquidity for investing in volatile assets such as Ethereum. First, the analyst postulates that ETH could produce an upward momentum reaching $2750, a significant resistance level at which the token has suffered rejection thrice since August. However, van de Poppe predicts if the second-largest cryptocurrency retests at its price zone again, it will result in a breakout rising as high as $3,350. Alternatively, the crypto analyst forecast Ethereum may experience a price drop in line with its current consolidation pattern. In this case, ETH would initially retest at $2,300. However, amidst massive bearish pressure, the altcoin could fall to $2,000. Ethereum Whale Activity Reaches Six-Week High In other news, analytics firm Santiment reports that Ethereum has recorded its highest amount of whale activity over the last six weeks amidst its price decline. Traditionally, this high market activity indicates accumulation by large holders on the Ethereum network, signaling confidence in the asset’s long-term profitability. At press time, ETH trades at $2,445 reflecting a price decline of 1.67% in the past day. However, its daily trading volume is up by 57.97% and is valued at $23.14 billion. The recent dip in ETH’s price can be attributed to a recent controversial report on USDT stablecoin operator Tether, as well as reported Israeli attacks on Iran. Ethereum remains an investors’ favorite ahead of a highly anticipated crypto bull run. Multiple analysts have recently pinpointed a $10,000 price target citing reasons including historical performances in previous bull cycles. Featured image from Forbes, chart from Tradingview

Based on price action data, the last two weeks in October are the most bullish period in the Bitcoin price history. However, why that hasn’t been the story for the premier cryptocurrency over the past two weeks seems to be the question on every investor’s mind. The price of BTC has failed to capitalize on its recent bullish momentum, falling to as low as $65,000 at some point in the past week. Interestingly, the latest on-chain observation suggests that this period of sluggishness might not be over yet for the market leader. Is The Rising Exchange Whale Ratio Bullish Or Bearish? In a recent Quicktake post on the CryptoQuant platform, an on-chain analyst pointed out that the Bitcoin “Exchange Whale Ratio” has seen a notable surge in recent weeks. The “Exchange Whale Ratio” metric measures the ratio between the sum of the top 10 largest transfers into centralized exchanges and the total exchange inflow. For clarity, it is assumed that the 10 largest inflows into exchanges are executed by whales, which are entities that wield significant influence on the market due to their substantial crypto holdings. The Exchange Whale Ratio basically assesses the level of activity of this cohort of investors compared to the rest of the market. A high Exchange Whale Ratio indicates that the top 10 largest exchange inflows dwarves the incoming transfers from the rest of the market. On the other hand, when the value of this metric is low, it suggests that the whales only make up a relatively healthy part of funds flowing into centralized exchanges. According to data from CryptoQuant, the seven-day moving average of Bitcoin’s Exchange Whale Ratio recently reached its highest value since November 2022. The Quicktake analyst pointed out that the spike in this metric could be bearish for the value of the flagship cryptocurrency, as it implies that whales might be putting a significant amount of selling pressure on the market. Inflows into centralized exchanges typically have a bearish impact on the Bitcoin price, as selling is one of the services offered by these platforms. Moreover, whales moving their funds to trading platforms can set off a sell-off cascade, as other investors often watch their moves due to their market influence. Bitcoin Price At A Glance As of this writing, the price of Bitcoin stands around $66,700, reflecting an almost 2% decline in the past 24 hours. This single-day performance underscores how sluggish the premier cryptocurrency has been in recent days. According to CoinGecko data, the price of BTC is down by over 3% in the past week. Featured image created by Dall.E, chart from TradingView

As SUI dips further into bearish territory, technical indicators are increasingly signaling a challenging path ahead. A key measure, the Relative Strength Index (RSI), has turned negative, suggesting that selling pressure is mounting and that more downside may be on the horizon. With SUI navigating this bearish shift, market participants are keeping a close eye on potential support levels, wondering if the asset can stabilize or if sellers will continue to drive prices lower. This analysis explores SUI’s recent entry into bearish territory, examining the implications of the RSI’s downward shift and the potential for more price declines. It also seeks to provide insights into the downside risks facing SUI by assessing key technical indicators and support levels, this piece. Market Overview: SUI’s Shift Into Bearish Territory On the 4-hour chart, SUI has shown strong bearish momentum, slipping below the 100-day Simple Moving Average (SMA) as it approaches the $1.4 mark printing multiple bearish candlesticks. The 100-day SMA, typically a significant support level, now acts as resistance, signaling a shift in sentiment where sellers have gained the upper hand. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the indicator has now dropped to a low 23% level after a previous recovery attempt failed to hold at 52%. With the RSI now in the oversold zone, selling activity may be overextended, unless a significant influx of buying interest appears, SUI could remain under pressure, potentially leading to additional drops. Also, on the daily chart, SUI is exhibiting a clear pessimistic path as it trends downward toward the $1.4 mark and approaches the 100-day SMA. The $1.4 level, alongside the 100-day SMA, acts as a crucial support area, and a break below these points could reinforce the current downtrend, potentially opening the door to further declines. Lastly, the daily RSI for SUI has dropped to 42%, significantly falling below the critical 50% threshold, which usually separates bullish from bearish territory. Typically, this decline highlights the strong bearish momentum, indicating that sellers are firmly in control and reflecting increasing pessimism about SUI’s price. Potential Price Targets: How Low Could SUI Go? As SUI continues its negative movement, traders need to pinpoint potential price targets. If the $1.4 support level is breached, SUI could fall to $1.23, where buying interest may resurface. An extended drop below this level could trigger a deeper correction toward other support levels. Conversely, should the cryptocurrency manage to hold its position above $1.4, it could indicate a potential reversal, enabling bulls to reclaim some control in the market thereby driving the price higher toward the $2.1 resistance level and beyond.

Dogecoin (DOGE) is without a doubt one of the most respected coins in the cryptocurrency community, mostly, due to its meme nature and a lot of price movements. Trading at $0.1383 at the time of writing, it is still a long distance from its all-time high (ATH) of $0.73 which was recorded in the year 2021. Even though Dogecoin is showing bullish breakout signals having gained 32.95% in the past week, another undervalued coin, Rexas Finance (RXS) could be the miracle maker as it promises much more returns before DOGE breaks 2021 highs. Dogecoin’s Bullish Momentum The market has not seen progress in recent months, but this is no longer the case. Dogecoin bulls are now in control, which has reignited interest from investors. The latest jumps are significant and show that a further DOGE run to its former highs should come as no surprise judging by the 32.95% rally that has occurred lately. This has led some fans to believe it may even reach its all-time high (ATH), which was set at $0.73, but for this to happen, it would take over 400% gains from the current price. While such a rally is possible, it’s uncertain and might take a considerable amount of time, considering the current market dynamics and resistance levels DOGE faces. Why Rexas Finance (RXS) Could Outperform Dogecoin While Dogecoin’s rise is grabbing headlines, Rexas Finance is quietly positioning itself as a standout investment opportunity. Rexas Finance offers a unique approach to real-world asset (RWA) tokenization, a market worth trillions of dollars. By enabling users to tokenize real estate, commodities like gold, and even art, Rexas Finance taps into markets with immense potential.To put this further into context, the real estate market alone has an approximate valuation of $379.7 trillion while commodities such as gold have an approximate worth of $121.2 trillion. With this great of a market, Rexas Finance intends to change how physical assets are traded by enabling the average person to buy, sell, and trade these assets with the touch of a button.Rexas Finance’s team could have easily pursued venture capitalists because of the strength of their concept. However, they chose a different path thereby making this opportunity accessible to everyday investors. Their vision goes beyond just creating a profit; it’s about empowering individuals to participate in a financial revolution. A 4,400% Pump Could Be on the Horizon. Rexas Finance has already made impressive strides in its presale. The project has raised $3,917,543 and sold out 84,459,032 RXS tokens, with the fourth stage of its presale now 76.78% completed. Early investors have already seen their holdings grow, and with the token set to launch at $0.20, analysts predict a massive surge could be on the way. Given the momentum, Rexas Finance is poised to hit $2.70 before DOGE breaks 2021 highs, which would represent a 4,400% gain from its current presale price of $0.060. This potential growth far outshines the prospects for Dogecoin in the near term, making RXS a more attractive option for those seeking exponential gains. What makes Rexas Finance truly compelling is its real-world use case. Unlike meme coins that rely on social media hype, RXS has practical value. This allows investors to purchase a fraction of real-world assets, enabling people to go into investment in high-value objects without needing access to large amounts of capital. The platform`s convenience and usability add to this perspective of the platform, allowing investors around the world to expand their investments beyond borders. Rexas Finance has also garnered positive attention due to its transparent approach. The project has been listed on CoinMarketCap enabling investors to track the performance in real time. This level of transparency, along with a strong roadmap and a committed audience, allows Rexas Finance to be positioned as a token with strong long-term potential growth. Conclusion: A Bullish Future for Rexas Finance While Dogecoin’s bulls may be getting ready for a run, it’s hard to ignore the massive potential of Rexas Finance. With its unique approach to real-world asset tokenization and a clear growth trajectory, RXS could easily pump 4,400% to reach $2.70, even before DOGE breaks its 2021 highs. While Dogecoin attempts to recover its lifetime high, Rexas Finance stays well placed to emerge on top with sustainable growth making it a great opportunity for investors who are betting on the next big opportunity in masses. Get your exclusive opportunity to get in early! For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Bitcoin (BTC) has recorded a remarkable surge in the past 14 days, nearing the $70,000 mark earlier this week. However, some market watchers shared their worries about the recent retraces, suggesting the cryptocurrency could face another correction ahead of the US Presidential election. Bitcoin To Face Another Shakeout Soon This ‘Uptober,’ Bitcoin has recorded a 12% surge from its opening price, jumping from the $60,000 support level and reclaiming key resistance zones. In the last two weeks, BTC recovered 14% from the early October shakeouts, nearing a retest of the long-awaited $70,000 mark. The cryptocurrency faced major resistance after surging above the $69,000 zone, a level not seen since late July. After the unsuccessful retest, Bitcoin’s price faced a 5.3% pullback toward the $65,000-$66,000 range, failing to reclaim the $67,000 mark until Thursday. Based on BTC’s recent performance, some analysts consider that the flagship crypto is poised to face another correction in the coming weeks. Crypto analyst Altcoin Sherpa revealed he is unsure about where Bitcoin’s “extremely chippy conditions” are headed in the short term. Sherpa shared that the cryptocurrency could see one last shakeout “sometime in November.” He suggested BTC could face another pullback toward the $62,000-$64,000 price range around the time of the US Presidential elections, scheduled for November 5. However, the analyst believes that Bitcoin will continue its bullish rally after the shakeout. Another market watcher also forecasted another correction for BTC’s near future. Analyst Crypto King stated that BTC is set to close above $70,000 this week before facing rejection from the key level. Following the rejection, Bitcoin would retrace 8% toward $64,000-$65,000, which could propel altcoins to “start moving 5-6x from the current position,” according to the analyst. Is BTC Set For A Green Weekly Close? Despite the rainy forecast, other investors remain bullish on the flagship crypto. Crypto analyst Moustache set the $67,000-$68,000 range as “insanely important support levels.” To the analyst, if BTC’s price holds its support there, it will hit $70,000 soon. After Bitcoin jumped above the $68,000 resistance on Friday morning, Crypto Yapper noted that BTC broke out of a weekly bull flag and was “ready for an exponential move.” The analyst also asserted that the next horizontal level to break before the $70,000 test is $69,000. Nonetheless, he stated that Bitcoin should make a higher high to remain bullish. Similarly, Rekt Capital pointed out that BTC’s old downtrend line is supporting, which serves as post-breakout confirmation. Per the post, the cryptocurrency would record a bullish weekly close above the $66,300 mark. The analyst also highlighted that if BTC closes above the $67,900 zone, It will register a “very bullish weekly close” ahead of October’s last week. At the time of writing, BTC is trading at $67,737, a mild 0.3% increase in the daily timeframe.

XRP has recently witnessed a surge in blockchain activity, marked by a significant rise in the number of active sending addresses, according to latest data. This increase in active addresses comes amid the asset’s continuous struggle to register any significant rally in price. Instead, the altcoin has steadily decline now down by over 10% in its 30-day performance. XRP Active Addresses Hits 6-Month Peak According to a CryptoQuant analyst known as “maartunn,” the daily active sending addresses on XRP’s blockchain have reached a six-month high, with roughly 12,230 number of addresses transacting daily. maartunn highlighted that this resurgence in active addresses indicates a potential return of investor interest in XRP and possibly in the broader cryptocurrency market. Additionally, the increase in activity is seen as a positive development for the XRP blockchain. The CryptoQuant analyst suggested that rising user participation not only boosts XRP’s value as a blockchain asset but also enhances its appeal to investors. The analyst also noted that active usage of a blockchain is essential for its long-term viability, adding that an uptick in transaction activity typically reflects increasing interest. However, despite all these positivity the increase in active addresses indicates, the CryptoQuant analyst cautioned that it remains to be seen whether this recent momentum in active addresses can be maintained. Against The Backdrop Of Legal Developments The surge in active sending addresses comes at a time when the altcoin is seeing some notable developments in its ongoing legal battles. Recently, XRP scored a significant legal victory when a court filing confirmed that XRP is not considered a security. This ruling marked a major turning point in the long-standing legal dispute between Ripple Labs and the United States Securities and Exchange Commission (SEC). For years, Ripple has been embroiled in a case with the SEC, which argued that XRP should be classified as a security and therefore be subject to specific regulatory requirements. The recent decision has provided a new level of clarity for the altcoin, boosting confidence in the asset among market participants. In another recent legal development, Ripple Labs filed a Form C in the United States Court of Appeals for the Second Circuit. The filing challenges a recent SEC ruling, aiming to establish a legal foundation that could prevent future regulatory conflicts over XRP’s classification. Featured image created with DALL-E, Chart from TradingView

Data shows the ratio between two Bitcoin on-chain metrics has recently formed a pattern that has historically been bullish for the asset’s price. Bitcoin LTH/STH SOPR Ratio Has Crossed Above Its 90-Day MA Recently In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the recent trend in the Bitcoin SOPR Ratio. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us about whether the Bitcoin investors as a whole are selling at a profit or loss. When the value of this metric is greater than 1, it means the average holder is making BTC transactions at a net profit. On the other hand, it being under the mark implies loss-taking is dominant on the network. The SOPR Ratio, the actual metric of interest here, keeps track of the ratio between the version of the SOPR specifically for short-term holders and that for long-term holders. Short-term holders (STHs) and long-term holders (LTHs) are the two main divisions of the Bitcoin userbase made on the basis of holding time. The cutoff between these cohorts is 155 days, with investors who hold past this mark moving from the STHs to the LTHs. Now, here is the chart shared by the analyst that shows the trend in the Bitcoin SOPR Ratio and its 90-day moving average (MA) over the history of the cryptocurrency: As displayed in the above graph, the Bitcoin SOPR Ratio has seen a surge recently, which suggests the LTHs have been ramping up their profit-taking compared to the STHs. This trend is something that has historically been witnessed during bullish periods, since the LTHs are resolute entities who tend to amass large profits by the time the bull run hits in full swing. The STHs are by definition the holders who bought within the past five months, meaning that their cost basis lies somewhere around the prices that BTC was trading at inside this window. Thus, their profits are never as big as the LTHs, who often have their cost basis close to bear market lows. This is why the ratio blows up toward the LTHs in bullish periods. With the latest increase, the SOPR Ratio has reached a value of 1.8 and has surpassed its 90-day MA. In the chart, the CryptoQuant author has highlighted the past instances of this crossover. It would appear that this pattern has generally proven to be bullish for Bitcoin. Naturally, the profit-taking from the LTHs can be a concern, but as is apparent from the graph, the cycle has usually only been at risk of topping out when the ratio has broken above a value of 7. Thus, there could still be plenty of room to run for Bitcoin, with demand potentially absorbing the LTH profit-taking until the same extreme levels as the past cycles. BTC Price At the time of writing, Bitcoin is trading at around $68,200, up more than 1% over the last 24 hours.