Goatseus Maximus (GOAT) has surged into the top 100 cryptocurrencies by market capitalization, currently holding the #81 position. The memecoin has experienced a remarkable 27% increase in the last 24 hours and an impressive 174% gain over the past week. With a market capitalization hovering around $823 million, the $1 billion milestone appears to be within reach. The recent price surge comes amid a major announcement from crypto exchange OKX. The platform stated that it would list USDT-margined perpetual futures for Goatseus Maximus (GOAT) starting at 9:00 am UTC on October 24, 2024. Binance also announced that it will launch GOAT/USDT perpetual contract with up to 75x leverage at 21:30 UTC+8 on October 24, 2024. The origins of GOAT trace back to March 2024, when developer Andy Ayrey launched “The Infinite Backrooms,” an endless dialogue between two AI models. During these interactions, the concept of “GOATSE GNOSIS” emerged—a meme inspired by the classic internet goats meme. This idea laid the foundation for what would become the Truth Terminal. By June, Ayrey had transformed content from these AI conversations into Truth Terminal, an AI agent that interacts with users and generates content on Twitter. Initially operating under the radar, the project gained significant attention after venture capitalist Marc Andreessen donated $50,000 in Bitcoin in July to support its development. This generous contribution acted as a catalyst, propelling the project into the crypto spotlight. The Truth Terminal continued to disseminate the “Goatse Gospel” across X, which eventually led to the creation of the GOAT memecoin. The token went viral, rapidly ascending to its current market capitalization. Currently, the Truth Terminal wallet holds 315 tokens, with SCOOP memecoin making up the largest share at 51%, valued at over $6 million. GOAT memecoin is the second-largest holding, worth $1.5 million, followed by FARTCOIN, valued at $1.47 million, making it the first millionaire AI agent. Despite its rapid ascent, GOAT has not been without controversy. The token experienced a 50% drop amid suspicions that the Truth Terminal account might be controlled by a human rather than an AI. These doubts were sparked by a typo in one of its tweets, leading some to question the authenticity of its AI origins. Addressing the concerns, Andy Ayrey explained, “Such errors stem from the limitations of AI models. Large language models attempt to predict the next word, which can result in mistakes.” His clarification reassured the community about the project’s legitimacy . Analyst Perspectives: Is GOAT A Buy Or Sell? The crypto community on X remains divided on GOAT’s future trajectory. Crypto analyst Jake Pahor expressed optimism, stating, “At this point, I wish I’d bought more GOAT. What an incredible run. I believe we might see a pullback, which could offer some nice entry points. However, it might just continue pumping to a $1 billion+ market cap and prove me wrong.” On the other hand, analyst Astronomer (@astronomer_zero) has chosen to exit his position after significant gains. “GOAT is up 4x in a few days; that’s it, I’m out!” he remarks. “I know it sounds controversial—’don’t sell all, keep a moon bag’—but I was too heavily allocated to leave the open profit on the table. We bid $0.20 a few days ago; it was the bottom, and now we have the luxury to sell four times higher without much drawdown.” The analyst also draws a comparison with PEPE, which experienced a similar sharp rise. “Wanted $1–$2 because PEPE topped out on its first leg at a comparable market cap. But I think we’ve held long enough, and I’m fine leaving the final potential 2x or 3x to the top snipers.” Meanwhile, analyst cryptic (@crypticd22) remains bullish on GOAT’s prospects. “GOAT leads. It’s going to break $1 billion and likely do more,” he predicts. “A PEPE or Wif-type run could be on the cards here. Even if you’re not in GOAT, the wealth effect of this will mark the start of on-chain mania—in fact, it already has. GOAT will then consolidate. That’s when the rest of AI memes move. Maybe some will get front-run, but it will come. Patience.” At press time, GOAT traded at $0.79.

The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation. ETH Triangle Breakout Targets $10,000 Trader Tardigrade has predicted Ethereum’s next price target to $10,000 based on an ascending trendline and symmetrical triangle pattern. To be more precise, the analyst has confirmed that the Ethereum price has been following a distinctive ascending trendline and is now forming a key symmetrical triangle pattern, which often indicates an imminent price breakout. In light of these developments, Trader Tardigrade has revealed that, historically, Ethereum has experienced explosive rallies to new highs after breaking out of symmetrical triangle patterns. Sharing an Ethereum price chart confirming this observation, Trader Tardigrade revealed that from June 2022 to the present, the Ethereum price has broken out of multiple symmetrical triangle patterns while playing on an ascending trendline. Before April 2023, the cryptocurrency’s price broke out of a symmetrical triangle, which led to a massive 70.73% price increase to new highs. Similarly, from around October 2023 to the beginning of 2024, the cryptocurrency experienced its second breakout, triggering a massive 140.4% price rally. Based on these historical bullish trends, Trader Tardigrade has noted that Ethereum is approaching its third breakout from its current symmetrical triangle pattern. In the last breakout, the cryptocurrency had doubled its gains, jumping 70% from the first breakout to 140%. With this in mind, the analyst has projected that this next breakout could result in a 280% price increase for Ethereum, doubling its 140% jump from the second breakout. Moreover, if Ethereum’s price increases by this projected 280% rally, then its price could potentially reach $10,000. Update On The Ethereum Price Action Despite bullish projections suggesting that Ethereum could be gearing up to hit new all-time highs, the cryptocurrency has been under significant downward pressure, experiencing major declines and slow growth. To the dismay of Ethereum investors, the cryptocurrency has declined again by 2.20% in the last 24 hours, after experiencing a 4.1% decrease over the past week, according to CoinMarketCap. The ongoing decline in Ethereum has also prompted significant backlash from many crypto community members, with analysts ranking it as one of the most underperforming assets from the previous market cycle. While other crypto members emphasize how disappointing the cryptocurrency’s price performance has been lately. As of writing, the Ethereum price is trading at $2,517, with many predicting that the cryptocurrency could drop even lower and possibly trigger a downturn for other altcoins in the market if it fails to maintain the 0.038 BTC/ETH level.

BNB trading at $592, up 87% YTD but 18% below all-time high. Technical indicators show formation of bullish ascending triangle. Price targets: potential rise to $730, or drop to $564 if $602 resistance holds. Binance Coin (BNB) appears poised to mirror Solana’s impressive price action, despite its larger market capitalization. Technical indicators suggest BNB could be on the cusp of a significant breakout that would propel it beyond its previous peak reached in July. While the broader cryptocurrency market shows signs of hesitation, Solana has demonstrated strength with a 4% gain in the past 24 hours. This decoupling from general market sentiment has caught the attention of analysts, who see similar potential in BNB’s current market position. Source: Santiment Interestingly, BNB’s Weighted Sentiment has entered negative territory, according to Santiment data. This contrarian indicator often precedes significant price movements, as excessive pessimism can signal a potential reversal point. The divergence between market sentiment and technical indicators creates an intriguing setup for potential price appreciation. BNB’s CMF shows rising strength Supporting the bullish case, the Chaikin Money Flow (CMF) on BNB’s daily chart shows increasing strength. This technical indicator, which measures buying and selling pressure through capital flows, suggests sustained accumulation rather than distribution. Such patterns typically precede upward price movements, potentially supporting a push beyond the $600 mark. Technical analysis reveals an ascending triangle formation in BNB’s price structure. This bullish continuation pattern, characterized by a horizontal resistance line and rising support trendline, often signals growing buyer strength. The pattern’s persistence suggests limited downside risk, though the 61.8% Fibonacci resistance level at $602 remains a crucial hurdle. Should buying pressure persist and overcome the $602 resistance, BNB could potentially surge 25% to reach $730. However, market participants must remain vigilant to the possibility of rejection at this key level, which could trigger a retracement to $564.

The current state of cryptocurrency, macro events, and trading indications from spot trade activity as well as futures, options, and perpetual contracts are all covered in our weekly crypto derivatives analytics report. Despite an overall decreasing trend in implied volatility, at-the-money implied volatility for 14-day tenor options has increased with only two weeks to go before the election. As a result, the term structure is noticeably steep. Numerous important indicators show that sentiment is still favorable, including rising open interest in futures and call options as well as positive funding rates for all tokens under observation, not just BTC and ETH. The market is anticipated to remain quiet as the U.S. election draws near, which means that Bitcoin’s 70K may not be seen until after November. Please review the highlights of the report. All Tokens Show Strong Funding Rates Sources: Bybit, Block Scholes A noticeable accumulation of optimistic sentiment across the cryptocurrency ecosystem is evident from the constantly high and positive funding rates for perpetual contracts shown by all tokens. One important trend to keep an eye on is the buildup of long positions looking for leveraged exposure, which is one of the first obvious indications that traders are preparing for the election. Despite the funding rate costs, traders are still hungry for leveraged long exposure even as spot prices have retreated from the early October rise. BTC Call Options Dominate Sources: Bybit, Block Scholes The most prominent open positions are BTC call options, which further reflects the election-related bullishness. Implied volatility is significantly influenced by this occurrence, as seen by the large spike in 14-day tenor options over the preceding week. On the other hand, implied volatility for all other tenors has been trending down. 7D Option Implied Volatility Plunges Sources: Bybit, Block Scholes Interestingly, there have been significant swings in 7-day implied volatility, which has led to generally lower levels and a fairly steep term structure. With only two weeks left until the election, market players are giving the event’s possible effects more weight than immediate fluctuations.

Recent activity in the cryptocurrency market has been intriguing. Tron and Dogecoin have experienced notable price surges. At the same time, Cybro’s presale is generating significant buzz among investors. These developments beg the question: could these be early signals of a wider market trend? Delving into these events may offer clues about the market’s future trajectory. CYBRO Presale Achieves $3 Million Milestone: A One-in-a-Million Investment Opportunity CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $3 million. This cutting-edge platform 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 an exciting development, CYBRO has also launched a referral program, offering 12% from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are sent weekly in USDT, and referees earn double CYBRO Points on their first deposit using the referral code. In addition to tokens, CYBRO introduces exclusive Points, providing even greater benefits for investors. These Points grant automatic entry into the CYBRO Airdrop, where the number of tokens you receive is proportional to the Points you hold. Up to 1 million Points are distributed weekly, earned by investing in CYBRO’s DeFi Vaults. 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%<<< TRON (TRX): Decentralizing Content Sharing and Empowering Creators TRON (TRX) is a decentralized blockchain platform aimed at transforming content sharing. Developed to give full ownership rights to digital content creators, it eliminates middlemen like YouTube or Apple. This allows creators to receive direct rewards from consumers, increasing their share of income. TRON supports smart contracts and decentralized applications (dApps), providing a platform for developers to build various blockchain solutions. Its transaction model is similar to Bitcoin’s UTXO, ensuring transparency through a public ledger. By enabling anyone to create and share content without worrying about transaction fees, TRON serves as an alternative to Ethereum, promoting a decentralized Internet and empowering content creators. Dogecoin: From Meme Coin to Major Crypto Player Dogecoin began as a fun alternative to traditional cryptocurrencies. With a Shiba Inu dog as its logo, it stands out in the crypto world. Unlike Bitcoin’s limited supply, Dogecoin is abundant, with 10,000 new coins mined every minute. Its value surged, placing it among the top cryptocurrencies by market cap, exceeding $50 billion. This rise was driven by social media influence and support from figures like Elon Musk. Created by Billy Marcus and Jackson Palmer as a joke, Dogecoin quickly gained popularity. It highlights the strength of community and social media’s role in financial markets. Conclusion While TRX and DOGE have shown recent gains, their short-term potential seems limited. In contrast, CYBRO offers investors exceptional opportunities to maximize earnings through AI-powered yield aggregation on the Blast blockchain. With features like high staking rewards, exclusive airdrops, and cashback on purchases, CYBRO ensures a superior user experience with seamless deposits and withdrawals. Its focus on transparency, compliance, and quality sets it apart, attracting significant attention from major investors and industry influencers. CYBRO’s innovative approach and strong fundamentals position it as a promising project in the current market, suggesting a shift in investor interest toward more advanced DeFi platforms. 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 recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Do you know how crucial is October for Bitcoin? Let’s rewind 16 years. On the 31st of this month, a pseudonymous developer named Satoshi Nakamoto released the teaser of the revolution — the Bitcoin whitepaper. Was he aware of how this technology would take form to challenge traditional finance? Who knows. But he/she/group is indeed a great rebel. Bitcoin (BTC) turned out to be the dominant digital currency, intriguing people globally with its mission of “banking the unbanked.” Several events and instances associated with he asset and its tech are worth noting. In this article, you will find the “firsts of Bitcoin” which transformed the route for the crypto industry’s journey. Waste no minute and delve in! First On-chain Transaction DATE: January 12, 2009 SUMMARY: The first-ever Bitcoin transaction occurred between creator Satoshi Nakamoto and Hal Finney. This First moment of Bitcoin can not be missed from the list. A transaction of 10 BTC from one wallet to another on blockchain became the world’s first proof of a peer-to-peer transaction digitally. It involved the pseudonymous creator Satoshi Nakamoto and cryptographer Hal Finney. With this transaction, Finney was noted on the records as the second person to download and run Bitcoin’s software. They unleashed a groundbreaking revolution in the financial realm. First Commercial Bitcoin Transaction DATE: May 22, 2010 SUMMARY: 2 Pizzas were purchased with a payment of 10,000 BTC! Sixteen months after Bitcoin’s inception, the world observed the usage of a huge amount of BTC as a payment for food. On May 22, 2010, Floridian programmer Laszlo Hanyecz bought two large pizzas from Papa John’s for 10,000 BTC, worth nearly $40 at the time of the transaction. Today, those Bitcoins are valued at $669.3 million, and at the all-time high (ATH) day this year, they would have been worth $737.5 million. Interestingly, there’s a fact we should note. Hanyecz publicized this transaction two after Satoshi’s message: “I don’t mean to sound like a socialist, I don’t care if wealth is concentrated, but for now, we get more growth by giving that money to 100% of the people than giving it to 20%. Now and into the future, this day is celebrated as “Bitcoin Pizza Day,” remembering the first commercial Bitcoin transaction in the world. First Bitcoin ATM DATE: October 29, 2013 SUMMARY: The world’s first Bitcoin ATM was installed in a coffee shop in Canada. US ATM maker Robocoin successfully installed the world’s first Bitcoin ATM in a coffee shop — The Waves Coffee House — in Vancouver, Canada. This machine allowed users to swap Canadian dollars (CAD) for Bitcoins and withdraw cash equivalents of BTC. Users had to scan their wallet QR code, use their private key as PIN, and initiate the transaction. Canadian exchange VirtEx carried out the swapping of CAD for BTC. Sources reported that this ATM recorded 348 transactions, worth $100,000, in its first week of operations. Reportedly, this ATM was removed when the maker Robocoin ceased its operations in January 2016. According to data from Coin ATM radar, over 38,160 installed Bitcoin ATMs are currently located across 67 countries worldwide. First Bitcoin Exploit DATE: August 15, 2010 SUMMARY: Over 184.4 billion BTC were created through the “overflow bug” in the Bitcoin blockchain This exploit was one of the most shocking but slightly heroic events in crypto history. An anonymous hacker exploited a bug in “block 74638” the Bitcoin blockchain and created 184.4 billion BTC! (184,467,440,737 BTC to be exact!) on 15 August 2010. Do we remember the figures for Bitcoin’s total supply correctly? Of course, we would! It is 21 million! This exploit was popularly known as the “overflow bug.” A Bitcoin developer and now CEO of Bloq, Jeff Garzik, was the first to spot and flag this hack. However, this chaotic event did not turn out to be a disaster. Bitcoin creator Satoshi Nakamoto jumped in for the rescue. Five hours after the exploit, Satoshi was able to reset the blockchain to how it was before by initiating a soft fork. Fortunately, this incident did not disturb BTC’s market dynamics at that time. First Bitcoin Exchange Hack DATE: June 13, 2011 SUMMARY: Over 25,000 BTC were stolen from Mt.Gox, the once-largest-but-now-defunct Bitcoin exchange. The initial years saw multiple hacks, but this one wrecked the space by ending Bitcoin’s 2011 bull run. Mt. Gox (formerly Magic:The Gathering Online Exchange) suffered its first hack on June 13 of that year. Hackers stole over 25,000 BTC, worth $400K at the time of the hack and $1.682 billion currently, from 478 user accounts. Scammers frequently targeted the defunct exchange, exploiting vulnerabilities in its back-end software to loot several Bitcoins. The exchange did not clearly reveal the details of the hack to the public. First Legal Adoption DATE: September 7, 2021 SUMMARY: El Salvador became the first country to adopt Bitcoin as the legal tender. El Salvador, facing extreme poverty and food insecurity since 2019, drew attention by making Bitcoin legal tender in September 2021. After the confirmation, it created and launched Chivo, a crypto wallet for its natives to hold BTC. President Nayib Bukele, an extreme Bitcoin maximalist, initiated a strategy of “buying 1 BTC per day” in November 2022 following the dip caused by the FTX collapse. But later in 2022, the pro-Bitcoin nation’s debt ceiling hit its 30-year-high of $25 billion. The country kept its Bitcoin accumulation in the shadows. In March 2024, the nation disclosed its holdings held in its “Bitcoin piggy bank.” As of October 24, 2024, the nation’s wallet holds around 5,912.76 BTC. This year, the International Monetary Fund (IMF) strongly recommended El Salvador to revoke Bitcoin’s status as a legal tender. First Macro Recognition DATE: August 19, 2013 SUMMARY: Germany became the first country to declare Bitcoin “private money” and acknowledge the cryptocurrency as a “unit of account.” Crypto regulations have been and still are an uncertain phenomenon in the macroeconomy. However, in 2013, Germany signaled a legally certain and friendly stance towards cryptocurrencies. The nation’s Ministry of Finance (Bundesministerium der Finanzen) recognized Bitcoin (BTC) as a “unit of account” (Rechnungseinheit) in its Banking Act. Also, the authority called BTC “private money”, not e-money or functional currency. Moreover, Germany also has exempted tax on cryptocurrencies in various aspects. If an individual holds crypto holdings for more than a year, his investments are exempted from the existing 25% capital gains tax. Furthermore, generating income from crypto (not exceeding 256 euros a year), gifting crypto (max. 20K euros), and making donations are also tax-exempt. First Bitcoin Ban PERIOD: December 2013 SUMMARY: China (mainland) was the first country to ban banks from handling crypto transactions and entities from dealing with Bitcoin exchanges. On December 5, 2013, the People’s Bank of China (PBoC) and other regulators of China issued a notice, announcing the ban on handling Bitcoin and crypto transactions via banks. Markedly, the segment in the notice read: Significantly, this ban did not restrict citizens from trading cryptocurrencies. But on December 16 of the same year, Chinese authorities directed entities to refrain from doing business with Bitcoin exchanges. Consequently, some exchanges had to halt yuan deposits. After 4 years, on 4 September 2017, the country announced its ban on ICOs (initial coin offerings), labeling them as illegal fundraising mechanisms. The next ban was directed towards crypto mining and trading in May 2021. Finally, in September 2021, Mainland China banned crypto trading completely. The ban has not been lifted since.

The cryptocurrency market’s recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. This change prompts inquiries regarding market dynamics and investor sentiment. Bitcoin’s dominance has been a critical indicator of whether the market is in a bull or negative cycle throughout history. As Bitcoin’s dominance is growing, usually, it means a defensive market where investors would prefer the relatively safer alternative of Bitcoin rather than altcoins. Whereas a fall usually means the investor is likely to increase his risk and very often prefers to invest in altcoins for possible higher returns. Crypto analyst Alan Santana identified three significant warning signals for Bitcoin’s dominance in an X post on Tuesday, as retail investors resumed trading after an extended period of inactivity. The Increase In Retail Activity As Bitcoin’s supremacy wanes, retail investors are getting increasingly active. Usually, this rise in retail involvement comes with a decline in Bitcoin’s market share since these investors transfer to altcoins in search of better earnings. The current situation is reminiscent of previous cycles, during which the increase in retail interest resulted in a substantial decrease in Bitcoin’s dominance. For example, Bitcoin’s dominance declined significantly during the 2021 bull market as new altcoins gained momentum, diverting attention from the original cryptocurrency. General Shift In Investor Mood Market experts say that this trend isn’t just a one-time thing; it’s a sign of larger changes in how investors act. As non-fungible tokens (NFTs) and decentralized finance (DeFi) have grown, altcoins have become more appealing. A lot of investors think that networks like Ethereum, which support smart contracts and decentralized apps, are more flexible than Bitcoin these days. This change could be a sign of a bigger shift in how people think about and use cryptocurrencies. Fluctuation Trends Bitcoin has seen a trend of fluctuations in dominance since its inception in 2009. Starting with an almost 100% market share, it began to decline slowly with the introduction of more altcoins. Bitcoin fell crucially during both the ICO boom of 2017 and the DeFi surge of 2021, at which time it fell to below 40% dominance. Given such historical precedents, this might represent another such phase where altcoins do outperform Bitcoin, especially when retail interest is growing. Experts believe that this can cause the crypto markets to become even more volatile in the future if this continues. Declines in dominance are often precursors to speculative trading, which subsequently causes prices of both Bitcoin and altcoins to fluctuate wildly. The current level of Bitcoin dominance functions as a gauge of the general market sentiment. Many speculators are reassessing their strategies as it continues to decline. Featured image using Dall.E, chart from TradingView

Bitcoin has rebounded strongly from the $65,000 mark after a 6% dip from Monday’s high of around $69,500. Despite the recent pullback, BTC remains in a bullish trend that has been in place since early September. This rebound shows resilience, helping maintain the bullish market structure. Key data from CryptoQuant reveals that the average funding rate has steadily grown since September, indicating that bullish sentiment is increasing as more traders actively engage in the market. The coming two weeks will be pivotal for Bitcoin as it approaches March’s all-time high. Investors and analysts closely watch price movements as BTC builds momentum toward breaking key resistance levels. If the bullish trend continues, Bitcoin could be poised for another significant rally, with the potential to set new highs shortly. However, any failure to hold current levels could bring renewed volatility. Bitcoin Showing Strength Despite a recent dip, Bitcoin remains strong above key demand levels, maintaining the overall bullish structure. Analysts and investors are closely monitoring the price action for confirmation that the current phase is simply a bullish consolidation before the next leg up. CryptoQuant analyst Axel Adler shared data on X, highlighting the BTC futures perpetual funding rate, which has shown steady growth since Bitcoin reached the $60,000 level. This indicates a growing number of bulls entering the market, with optimism rising as the price pushes higher. Adler suggested that bullish momentum will likely continue as long as this funding rate increases, reinforcing that BTC is in a healthy consolidation phase. However, this doesn’t guarantee an immediate breakout. There is still a significant chance that Bitcoin may trade sideways over the next few days. Sideways price action could be essential for building liquidity, allowing the market to gather strength for a larger move. While the market sentiment remains optimistic, especially with the ongoing increase in bullish activity, investors should prepare for potential fluctuations. The next major price action could go in either direction, but the steady support above key levels is a positive indicator for those betting on further upside in Bitcoin’s price. BTC Holding Above Key Demand Bitcoin is holding strong above the $66,000 level after finding support around $65,000. Currently trading at $67,100, the market seems to be in a consolidation phase, and it may take some time before a breakout above the crucial $70,000 level. For the bulls to maintain momentum, it’s essential that the price holds above $65,000 or finds support around the $64,300 mark, where both the 4-hour exponential moving average (EMA) and moving average (MA) align. If Bitcoin fails to maintain these support levels, a deeper correction could be expected, with the price potentially retracing to lower demand zones around $60,000. On the other hand, if BTC manages to break and hold above $70,000 in the coming days, this could trigger a strong rally toward challenging all-time highs. With investors closely monitoring key support and resistance levels, the next few days will be crucial for determining Bitcoin’s direction. Featured image from Dall-E, chart from TradingView

A massive surge is on the horizon for the crypto market this December. Five specific cryptocurrencies are set to soar, offering the chance for extraordinary returns—potentially multiplying investments by 5,000 times. This article reveals these promising digital assets and delves into why they’re primed for explosive growth. 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: 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!<< ex-MATIC (POL) Hovers Near Support Amid Downward Trend ex-MATIC (POL) is trading between $0.37 and $0.39, close to its support level at $0.35. In the past week, the price dropped by about 2.8%, and over the past month, it declined over 10%. Technical indicators like the RSI at 37.73 and the Stochastic at 22.55 suggest the coin is nearing oversold territory. If the price holds above $0.35, a rebound toward the resistance level at $0.40 is possible. Breaking above $0.40 could target the next resistance at $0.43. However, if the price falls below $0.35, it may test the second support at $0.33. Arbitrum (ARB) Approaches Key Support Level: Is a Rebound Possible? Arbitrum’s price currently sits between $0.55 and $0.65, edging close to its support level at $0.48. The 10-day and 100-day simple moving averages are nearly identical, around $0.57 and $0.58, indicating a steady short-term trend. The Relative Strength Index is at 40.11, suggesting the token is not yet oversold but approaching that territory. If the price moves upward, the first resistance is at $0.68. Surpassing this could lead to the next resistance at $0.79, offering a potential increase of over 20%. Despite a slight gain this week, the coin has dropped about half its value in six months. This may present an opportunity for a price rebound if conditions improve. Injective’s Price Nears Resistance: Will INJ Break Through or Slip Back? Injective (INJ) is trading between $20.21 and $23.94. The price is approaching the resistance level at $25.70. If it breaks this barrier, it could rise to $29.43, the next resistance. The Relative Strength Index is at 39.74, indicating the coin is not overbought. The MACD level is -0.24, suggesting downward momentum. Over the past week and month, the price has fallen by 4.78% and 6.14% respectively. The price is below the 100-day moving average of $21.49 but close to the 10-day average of $20.36. If the price fails to break the resistance, it may drop to the support levels at $18.25 or even $14.53. Optimism (OP) Eyes 12% Gain as Price Approaches Key Resistance at $1.92 Optimism (OP) is trading between $1.70 and $1.86, slightly above its 10-day and 100-day moving averages of $1.70 and $1.72. The Relative Strength Index is at 58.70, indicating neutral momentum. The Stochastic indicator is at 79.59, nearing overbought levels. If the price breaks above the nearest resistance at $1.92, it could reach the next resistance at $2.08, representing a potential rise of around 12%. Over the past month, OP’s price has increased by 2.29%, showing gradual upward movement. However, it’s still down 28.46% over six months. The current price action suggests possible growth, but it remains to be seen if OP can sustain this momentum. Conclusion In summary, while coins like POL, ARB, INJ, and OP show promise, their short-term potential appears limited. In contrast, CYBRO stands out as an exceptional opportunity for investors. This advanced DeFi platform on the Blast blockchain offers AI-powered yield aggregation to maximize earnings. Features such as lucrative staking rewards, exclusive airdrops, and cashback on purchases enhance the user experience. Seamless deposits and withdrawals add to its appeal. Emphasizing transparency, compliance, and quality, CYBRO has attracted strong interest from crypto whales and influencers. It presents unparalleled opportunities for those looking to maximize returns during the current market surge. 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 recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Covalent is advancing Ethereum’s decentralization through the Ethereum Wayback Machine (EWM) Light Clients, a critical DePin-powered infrastructure designed to preserve Ethereum’s historical data. As Ethereum continues to evolve, Covalent’s EWM ensures that the network’s history remains decentralized, accessible, and resilient, protecting it from centralization risks. The EWM Light Client is a key step in building decentralized infrastructure where participants validate and secure Ethereum’s data. As part of the RUN EWM campaign, it serves as a critical component that allows anyone to contribute to Ethereum’s mission. By running EWM Light Clients, individuals will support the Covalent Network and remove the reliance on centralized data centers, helping Ethereum maintain its decentralized integrity as it scales. Key Updates: 400+ participants live on the EWM Light Client Testnet, contributing to Ethereum’s decentralized infrastructure. Due to high demand, testnet capacity has been increased from 250 to 500 spots, allowing more individuals to participate. Three version updates have been successfully rolled out, addressing bugs and improving the user experience. Over 2 million Data Availability Samples (DAS) have been verified, demonstrating the strength of the EWM’s decentralized infrastructure. 7,000+ participants are on the waitlist, showing the growing excitement around this DePin-powered initiative. Please note, there is no selection process to participate in the EWM Light Client Testnet. The waitlist is being processed in sequential batches, and participants will be onboarded accordingly. For those who have not yet received an email, patience is appreciated as the waitlist is being worked through. The Road Ahead As the mainnet launch approaches, Covalent aims to scale the network to 2,500 participants, supported by a 15-20% APY rewards profile on mainnet. This expansion is crucial for building a robust decentralized infrastructure that preserves Ethereum’s historical data while enabling the network to grow securely and transparently. Join the Movement: Be Part of Ethereum’s Future Join the thousands already on the waitlist, and be part of the future of decentralized infrastructure with the EWM Light Client. Together, we’re proving that decentralization isn’t just a theory—it’s a reality we’re building today. Learn more: Dive deeper into the EWM Light Client and its role in the Ethereum Wayback Machine by exploring the whitepaper. Join the Community: Stay connected with the community and get the latest updates by joining the Telegram and Discord community. Long Live Ethereum! Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Italy has raised the capital gains tax on cryptocurrencies from 26% to 42%, effective January 1, 2025. The Italian government expects to generate €68 million (around $73M) from the increased tax to boost revenue. Italy has officially introduced a major tax hike on cryptocurrency gains, raising concerns among investors. As part of the country’s 2025 Budget Law, capital gains on Bitcoin and other cryptocurrencies will be taxed at 42%, up from the current 26%. This significant increase, signed into law by President Sergio Mattarella, is part of the government’s broader effort to boost revenue by regulating the rapidly growing crypto sector. Measures regarding the taxation of digital services and crypto activities (Source: Affaritaliani) The law comprises 144 articles and outlines several budgetary measures. Article 4 specifically addresses the taxation of digital services and crypto activities. Starting January 1, 2025, this new tax will impact investors engaging in crypto trading. Many are now questioning the future of crypto investments in Italy. Previously, Deputy Minister of Economy Maurizio Leo announced the new tax law, explaining that the government expects to generate around €68 million (approximately $73 million) via these stricter measures, as part of its plan to tap into new revenue sources. Additionally, the law removes the minimum revenue requirement for Italy’s Digital Services Tax (DST), which was initially introduced in the 2019 budget. Commonly referred to as the “web tax,” the DST impacts digital services provided by large tech companies operating in Italy. However, as the crypto world continues to evolve, tax policies like these could have far-reaching impacts on the global market. Highlighted News Of The Day Binance Partners with Paymonade for Seamless Crypto to Card Sales

Binance partners with Paymonade for direct credit/debit card crypto sales. The new feature simplifies converting cryptocurrencies into local currencies for users. Binance has made a significant update to its platform by partnering with Paymonade to enable users to sell cryptocurrencies directly to their credit and debit cards, enhancing the overall user experience. This new feature, announced on October 24, allows users to convert their crypto holdings into local currencies, which are then directly deposited into their bank accounts via Visa or Mastercard. To utilize this service, users must complete account verification and pass the necessary checks from Paymonade. Once verified, they can easily navigate to the “Sell Crypto” page, select Paymonade as the payment option. And confirm their sell orders. Meanwhile, this seamless integration is reportedly designed to simplify the process of selling cryptocurrencies, making it more accessible and user-friendly. It is especially for those looking to convert their assets into fiat currency without the hassle of traditional exchanges. Strategic Partnership Of Binance In addition to this new selling feature, Binance has been actively refining its offerings. The exchange recently introduced a variety of new cryptocurrency listings, including tokens related to popular meme themes, further expanding its market reach. Binance’s proactive approach in rolling out these features demonstrates its commitment to maintaining a competitive edge in the rapidly evolving crypto landscape, especially as it continues to engage with emerging markets and user needs. Overall, the market participants feel that its partnership with Paymonade reflects Binance’s strategy to maximize user appeal. And streamline operations, positioning itself as a leading player in the crypto industry. As Binance continues to innovate and expand its offerings, users can expect more enhancements that cater to their needs, keeping the exchange at the forefront of the market.

Cardano faces resistance at key supply zone, impacting potential price movement. Bullish indicators suggest short-term optimism, despite ongoing market volatility. Cardano (ADA) is trading at $0.3429, reflecting a 4% decline in the past 24 hours and hitting a weekly low of $0.3396. Over the past month, ADA has dropped by 7%. During this period, its price action has been relatively volatile, with slight declines of 5% over the past week. ADA has now entered a crucial supply zone, ranging between $0.3680 and $0.3823, which could determine its next move. Breaking through this zone is essential for the token to target the $0.4158 mark. Failure to breach it could trigger a decline toward $0.3566, which might serve as a support level. Meanwhile, Key indicators like Open Interest (OI) and Funding Rate suggest that ADA’s bullish momentum is still intact. OI has increased by 6.49% to $252.62 million, signalling heightened market interest. A rise in OI often correlates with positive price movements, indicating that traders are optimistic about ADA’s short-term prospects. Similarly, ADA’s funding rate, currently at 0.0132%, supports a positive outlook, pointing to trader sentiment favouring long positions. However, the Relative Strength Index (RSI) presents a cautionary signal. Currently at 67.36, it is nearing the overbought territory above 70, which could result in a price correction if the threshold is crossed. Cardano Traders Can Expect Rally? Despite short-term fluctuations, Cardano’s long-term price movement faces challenges. The token’s price has struggled since its first-quarter rally in 2024, with significant resistance at the $1.04 level, where over 1 million addresses hold 2 billion ADA. Additionally, Cardano’s Mean Dollar Invested Age (MDIA), an indicator of long-term holder activity, continues to rise, signalling potential stagnation in investor behaviour. While Cardano could face further dips, broader market conditions, such as a Bitcoin rally, may provide support for a recovery. Should Bitcoin break above $70,000, ADA could revisit higher levels, possibly reaching $0.61 and beyond.

Base plans to implement fault proofs on its mainnet. The upgrade allows users to independently confirm the validity of withdrawals. Ethereum Layer 2 (L2) scaling solution Base is launching fault proofs on its mainnet on October 30, 2024. This upgrade aims to decentralize by enabling permissionless validation and improving security for users on the network. Base stated: This upgrade introduces two capabilities: to propose Permissionless Output Proposals in which only a centralized proposer could create and submit output roots about the Base’s state. With the upgrade, any party can submit claims about the L2’s state. The Permissionless Challenges to Proposals enables anyone to challenge these output proposals. On the other hand, the Base team has collaborated with another Ethereum Layer 2 scaling solution, Optimism, to ensure the integration of fault proofs. This aimed at creating a seamless processing of the upgrade and ensuring the pending withdrawals were re-proven using the new fault proof system. The Fault Proof System The fault proof system will be involved in the withdrawals to prove and finalize transactions. The DisputeGameFactory contract will replace the L2OutputOracle for proposing output root statements as part of the shift. Moreover, the users withdrawing funds from L2 to L1 should undergo the standard 7-day challenge period. The new fault proof system will process withdrawals made during or after the upgrade. These transactions will take another 7 days for finalization but may face further delays if any conflicts arise. Besides, the bridge operators on the Base Mainnet must notify users about the upcoming fault proof activation. Also to ensure compatibility with bridging logic to align with new L1 contracts. Notably, these contract upgrades will be managed atomically, and no additional action is required from node operators. Within a single transaction, all the affected L1 contracts will be upgraded. Highlighted Crypto News Bitcoin (BTC) Flips Support to Resistance Signaling a Rally

Kroma is proud to unveil ZKcandy has entered into definitive agreements to become our newest strategic investor and partner. This partnership will mark an exciting new phase for Kroma as ZKcandy will assume the role of major shareholder, currently held by WEMIX Pte., after closing takes place. ZKcandy is a unique collaboration between iCandy Interactive, Southeast Asia’s largest game developer, and ZKsync, a leading Layer 2 (L2) Ethereum scaling solution. iCandy boasts over 650 full-time employees and has developed more than 300 mobile games, with over 400 million downloads worldwide. ZKcandy, operating a Layer 2 gaming zkChain, has already shown tremendous early success, registering over 2.5 million wallets within two weeks of its open testnet launch. ZKcandy is set to launch its mainnet by the end of 2024, with over 20 games already in the pipeline. This strategic partnership demonstrates ZKcandy’s confidence in Lightscale’s innovative L2 blockchain solution, Kroma, and strengthens their commitment to accelerating Kroma’s future growth and success. Kroma, built on the Superchain, is advancing the OP Stack, improving the security and efficiency of blockchain transactions. By integrating Native Account Abstraction, Kroma reduces gas fees and simplifies the user experience for both developers and end-users. Kroma is also the first OP Stack rollup featuring a ZK fault-proof system powered by the Tachyon library, which accelerates ZK proof generation while reducing costs, offering unmatched scalability without compromising security. “We look forward to welcoming ZKcandy as a strategic partner and investor,” said Taekyu Park, Founder of Kroma. “Their involvement will represent a pivotal moment for Lightscale, one that will drive Kroma’s growth and help solidify its leadership in the Layer 2 blockchain space.” With ZKcandy’s backing, as well as continued support from partners like SK Planet, Xangle, and Hexlant, Kroma is well-positioned to expand its influence across gaming, DeFi, and NFT sectors, driving the future of secure and scalable decentralized applications. About Kroma: As Asia’s leading Layer 2 solution built on the Superchain, Kroma is the first OP Stack rollup with an active fault proof system utilizing zkEVM. Kroma will transition to a universal ZK Rollup once the generation of ZK proofs becomes more cost-efficient and faster — using its original modular ZK backend library, Tachyon. Kroma plans to push for gamified web3 experience backed by its strengths in gaming, consumer applications, Asia market, and technical capabilities for true universal web3 adoption. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Crypto analyst MMBT Trader has revealed that the Bitcoin price is retesting a bullish channel at the $65,000 price level. He further mentioned what market participants should expect if the flagship crypto holds above or breaks below this bullish channel. Bitcoin Price Retesting $65,000 And What Could Come Next MMBT Trader mentioned in a TradingView post that the $65,000 support zone is now the major daily support, and market participants can expect a valid retest of the channel breakout. The analyst claimed that if the Bitcoin price holds this support, investors can expect a “heavy pump”, which could lead to a new all-time high (ATH). However, if the Bitcoin price fails to hold the $65,000 bullish channel, such a breakout to the downside would lead to a free fall to the $60,000 support level. MMBT Trader even suggested the possibility of BTC retesting $50,000 if it fails to hold above $65,000. Meanwhile, a breakdown means that the flagship crypto could range for a while before it makes another attempt to break its ATH at $73,000. Analyst Justin Bennett also recently highlighted the $65,800 range as the first test for the Bitcoin price. He had also indicated that BTC could drop to around $63,000 if it fails to hold above this level. However, a successful hold above this price range would invalidate his trade setup. The Bitcoin price has so far held well above $65,000 since it again reclaimed $67,000 after the price crash two days ago. However, Bennett indicated that BTC isn’t yet in the clear despite the bounce on October 23. He claimed there is no confirmed bottom as long as the flagship crypto is below $68,200. BTC Needs A Weekly Close Above This Level In an X post, crypto analyst Rekt Capital mentioned that a weekly close above $66,200 would be confirmed as a successful retest. He noted that the flagship crypto was showing promising signs so far, having already produced a wick below the $66,200 price level and returned above it. His accompanying chart showed that the Bitcoin price drop below $66,200 before the weekly close could lead to further breakdown below the $60,000 support level. Meanwhile, bear analyst CrediBULL Crypto predicted that the Bitcoin price could retest the $68,000 range to “bait in some final longs” before it suffers a “rug pull” to the $60,000 support level. The analyst is one of those who believe that it is still too soon to call for a new ATH for BTC based on his belief that the flagship crypto still needs to retest the lower range. At the time of writing, the Bitcoin price is trading at around $67,000, up in the last 24 hours, according to data from CoinMarketCap.

POPCAT, the Solana-based meme coin, hit an all-time high of $1.67, marking a 24.64% increase. POPCAT has seen a 31% increase in open interest in the futures market over the past 24 hours. While major cryptocurrencies like Bitcoin and Ethereum are declining, the Solana-based memecoin POPCAT (SOL) has been spotted as a top gainer, reaching an all-time high of $1.67. In the last 24 hours, the POPCAT recorded maximum gains in the market, climbing over 24.63% from a low of $1.34. The surge in the altcoin price comes after a brief dip earlier in the week, suggesting a resurgence in buying interest that has propelled POPCAT to its current peak. The recent movement signifies a substantial reversal from the bearish trend that was previously noted between POPCAT’s price and its Chaikin Money Flow (CMF). This indicator monitors the flow of capital in and out of an asset. Currently, the CMF is on an upward trajectory. That sits well above the zero line at 0.05, which reflects strong buying momentum. This synchronization between the POPCAT price and the CMF indicates strong buying interest, adding credibility to the ongoing rally. Current Market Trends for POPCAT At the time of writing, the token retraced slightly to $1.62; it remains above key support levels. Notably, there’s been a 31% increase in open interest in the futures market. That indicates heightened market activity, as per Coinglass data. POPCAT Price Chart (Source: TradingView) Adding to the optimism, the Relative Strength Index (RSI) is hovering around 57. Signaling that there’s still room for growth before entering overbought territory. Furthermore, POPCAT is trading above its 9-day Exponential Moving Average (EMA), a sign that buyers are in control and the price could continue its ascent. If the current momentum persists and demand stays strong, POPCAT could break its recent peak of $1.67 and possibly reach the $2 mark. However, investors should remain cautious as profit-taking could lead to a drop below support levels, pushing the price to $1.1975. POPCAT expected to trade between $1.25 and $1.42 before the end of October. Highlighted Crypto News Is SUI Set to Hit New All-Time High with Google Cloud Partnership?

October saw significant liquidations, revealing volatility in the market. High transaction fees on Ethereum dampen investor confidence and trading activity. The crypto market is in a state of flux, marked by significant liquidations and fluctuating investor sentiment. On October 23, 2024, total liquidations reached $261 million, predominantly affecting long positions as traders anticipated a continuation of Bitcoin’s bullish trend. Crypto Liquidation Chart, Source: Coinglass This liquidation surge ranks as the second-largest for October, following the $450 million liquidated on October 1 when Bitcoin fell approximately 5%.This spike was largely triggered by Bitcoin’s price drop below the crucial $60,000 mark. It is influenced by ongoing geopolitical tensions, particularly in the Middle East. Moreover, at that time, many traders have opted to shift their assets into stablecoins as a precautionary measure against the uncertain market conditions. Amid these dynamics, BTC saw considerable movement, peaking near $70,000 on October 21 before retreating to around $65,500 on the 23rd. It has since rebounded to about $67,386. Bitcoin Price Chart, Source: TradingView Also, the recent uptick in liquidations can be partly attributed to traders overextending themselves in the face of a bullish market. The optimism surrounding Bitcoin’s price rise led many to take leveraged long positions. Traders quickly unwound their positions when the market failed to maintain upward momentum. The latest figures reveal that 75% of recent liquidations, totaling $91 million. It originated from long bets, underscoring the prevailing bearish sentiment. Potential Crypto Market Recovery !? Interestingly, institutional interest remains robust, with U.S.-based Bitcoin exchange-traded funds (ETFs) recording a net inflow of $198.5 million on the same day, buoyed by significant investments in BlackRock’s iShares Bitcoin Trust ETF. However, other major ETFs experienced outflows, reflecting mixed sentiment among institutional investors. Looking ahead, while the crypto market continues to face volatility, certain indicators suggest potential for recovery. The ongoing scarcity of Bitcoin on exchanges may lead to upward price movements if demand stabilizes. Furthermore, developments in decentralized finance (DeFi) and other emerging sectors within the crypto space could provide catalysts for market growth. Highlighted News Of The Day Radiant Capital Hackers Bridge $52M to Ethereum After Exploi

Owing to their speed of transactions, low costs, and high scalability, Solana is now ranked among the few top blockchains. A concept somewhat different from other platforms is interesting for dApp developers and NFT creators because Solana can handle up to 65,000 transactions in one second. With the evolution of the crypto market, the price of SOL is still a major focus of investors as they are keen to see when the token will reach $500. Though market conditions, competition, and technology improvements still cause uncertainties, several price forecasts indicate a positive future for Solana over the next ten years. SOL Current Market Position and Price History First introduced in April 2020 at a low price range of $0.50 to $0.90, Solana became rather popular right away. Early in 2021, it had exceeded $10; by November of that year, it peaked. The explosive climb of the token matched the enthusiasm of the wider crypto market. However, the start of a global market downturn saw SOL’s price drop from its high and level down to lower values. Solana’s comeback in growth in 2023 resulted in a positive momentum that carried through into 2024. Technical markers point to a bright future for SOL. A recent breakout over a local diagonal resistance line and further positive signals from Moving Averages, MACD, and the Parabolic SAR point to ongoing upward momentum. Still, there are other obstacles ahead, including a “death cross,” a bearish technical indication that can endanger the continuous bull run. Forecasts of prices for 2024–2030: Will SOL reach $500? Many sources point to Solana’s long-term prospects being still bright. Wallet Investor forecasts, for instance, a consistent increase in the value of the token; projections show an average price of $178.83 by the end of 2024, $300.89 by 2025, and $545.48 by 2027. Forecasting SOL at $276.63 by 2024’s closure, $332.68 in 2025, and maybe as high as $1,030.23 by the end of 2030, DigitalCoinPrice holds the same opinion. These forecasts imply that if the platform keeps increasing its user base and expanding its ecosystem, $500 would be within reach for SOL during the next five years. Constant improvements in Solana’s network, including the Solana Virtual Machine (SVM), which raises interoperability with Ethereum-based distributed apps, help to accentuate Solana’s possibilities. This development can propel more acceptance, so SOL can reach important pricing targets like $500. Achieving such goals, however, would also rely on overcoming the economic environment of the larger market and the rivalry from other blockchain systems. Although Solana’s future seems bright, for those looking to optimize gains, Rexas Finance (RXS) might have even better possibilities. Rexas Finance addresses the fast-expanding market for real-world asset (RWA) tokenization, whereas Solana concentrates on general blockchain scalability. Rexas Finance solves a special market demand that can result in significant profits for investors by giving traditional assets such as real estate, commodities, and collectibles digital representation and trading capability. Rexas Finance (RXS): Another Choice Made Especially for Investors Real-world asset tokenization opens fresh investing prospects and democratizes access to markets once out of reach for many people. Enhanced liquidity and fractional ownership help more diverse types of investors engage in asset management more easily. Launching token projects is made easier by the Rexas QuickMint Bot, which facilitates token creation using popular chat apps such as Telegram and Discord. This simplicity of use can draw nontechnical consumers eager to enter the cryptocurrency market. Beyond tokenization, Rexas Finance provides solutions driven by artificial intelligence that include Rexas GenAI for NFT development and Rexas AI Shield for smart contract audits. These elements not only increase value but also enhance security and simplify processes inside the ecosystem. The project has garnered strong investor interest, raising over $4.2 million in its ongoing presale stage 4 and selling approximately 90 million tokens. With 82% of the presale completed, RXS offers early investors a promising opportunity for significant returns, targeting a potential 500x price surge post-listing. Why Might Rexas Finance Make a Better Investment? Although Solana is a respectable blockchain with a strong ecosystem, Rexas Finance distinguishes itself with its emphasis on tokenizing actual assets, a market expected to have trillions of worth. Rexas Finance serves an underprivileged niche by bridging the gap between conventional finance and the blockchain, hence maybe allowing investors more upside. The way the initiative combines artificial intelligence technologies, strategic alliances, and a creative approach to user involvement sets it even more for notable expansion. Moreover, Rexas Finance’s legitimacy in the crypto community is enhanced by its already confirmed placement on CoinMarketCap. Rexas Finance is a good substitute for investors wishing to build generational wealth as it has a lower initial investment cost than Solana, which already boasts a big market capitalization. Conclusion Driven by the technical improvements of the platform and further developments, Solana’s $500 aim could be reachable in the next years. Reaching this price will, however, need negotiating obstacles including possible bearish market indications and competition. Solana offers a good investment possibility; yet, Rexas Finance makes a more convincing case because of its emphasis on real-world asset tokenization, creative ideas, and strategic presale approach. Investors searching for the next great thing in the crypto realm should give RXS, a token with not just great market needs but also notable potential some thought. Rexas Finance might provide the generational wealth prospects many people are looking for by positioned at the junction of blockchain technology and conventional asset management. About Rexas Finance :- Website: https://rexas.com Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ethereum price has factored in a further price drop in the past day as per CMC data. The altcoin’s daily trading volume has shown increases by 29.93%. On a rare occurrence, the overall crypto market has recorded neutral price actions in the last 24 hours. When comparing the past day, Bitcoin’s returning back to the $67K level might have contributed to neutralizing price actions. Meanwhile, the market’s trading volume has surged by 19.08% in the past day. Notably, leading altcoin Ethereum has contradicted Bitcoin by turning to the bearish end. The token incurred a 1.90% price drop in the last 24 hours falling to its previous support at $2,500. ETH has shown increased volatility in the past day, as indicated by the RVI and its daily price chart. In the Asian afternoon hours of October 23, Ethereum was trading at a high of $2,672 as per CMC data. Following this, it rose to the $2,700 level momentarily before sliding downwards hitting an intraday low of $2,450. As the token’s volatility took to effect, it once again attempted to overpower the bears before reaching current trading levels. At the time of writing, ETH was trading at $2,524. Zooming out, over the past week, Ethereum shows a 3.11% price dip as the token has faced downward pressure in the past few days. Furthermore, when analyzing Ethereum’s weekly price chart, there can be seen signs of a price rally initiation. At the beginning of the week, the altcoin traded at $2.6K levels, after which it tested the $2.7K level. Will Ethereum Price Manage to Exhibit a Rally? On inferring the cryptocurrency’s price chart and technical indicators, Ethereum has shown minimal price actions these past few weeks. Despite other cryptocurrencies showing significant price increases influenced by the Uptober rally, ETH did not join the banter. Moreover, the altcoin failed to sustain the brief positive momentums that it incurred during this time. ETH/USDT Daily Price Chart (Source: TradingView) Additionally, the token’s Moving Average Convergence Divergence (MACD) signal line stands close to the MACD line awaiting a bearish crossover. In case of further declines, the MACD line might move above the signal line. Relatedly, the token’s RSI stands at 47.76 indicating a selling sentiment in the market. However, if the token does manage to overpower the bears, it can be expected to show price increases in the coming months. Meanwhile, the US spot ETH ETFs have turned bullish with inflows of $1.27 million as per Sosovalue data. Highlighted Crypto News Today: Is SUI Set to Hit New All-Time High with Google Cloud Partnership?