Bitcoin whales acquire 30,000 BTC worth $1 billion in the past week, driven by increasing Bitcoin spot ETF applications. Institutional activity in BTC on the rise, with an uptick in large BTC transactions above $100,000. BTC’s recent surge brings it above $35,000, gaining 15% in the past week. On-chain data indicates Bitcoin whales have been aggressively accumulating in recent days, purchasing over 30,000 BTC worth about $1 billion over the last week. According to crypto analyst Ali, the rush of Bitcoin spot ETF applications appears to be fueling increased appetite for Bitcoin among whales and institutions. Blockchain analytics platform IntoTheBlock also shows institutional activity rising for the top cryptocurrency. The number of large BTC transactions worth over $100,000 has reached new highs in 2023. These spiked in late June following BlackRock’s ETF application and have now exceeded that level as BTC hits fresh yearly highs above $35,000. After briefly topping $35,000 for the first time since May 2022, Bitcoin has gained approximately 15% over the past week. It recently settled around $34481 at press time. Bitcoin movement shows signs of a bull run So far in 2023, BTC has risen over 66%, potentially signaling the early stage of a new bull market. Short-term momentum is accelerating, yet the BTC market value to realized value ratio indicates the bull run likely has room to continue. The recent $35,000 high marks the next resistance level for BTC. A break above could open the door to $38,000–39,000. But even if a correction occurs, analysts say support appears strong at around $30,000.

According to the latest on-chain data, wallet addresses linked to the now-bankrupt FTX exchange and Alameda Research have transferred substantial amounts in crypto assets over the past week. This series of funds movement was first brought to the limelight by prominent blockchain analytics firm Nansen, who reported that more than $60 million had been moved. However, further on-chain revelation shows that nearly $80 million has been moved from FTX- and Alameda-linked addresses in the previous week. Nansen Uncovers FTX And Alameda’s $60 Million Transfer On Friday, October 27, Nansen disclosed – via a series of posts on X (formerly Twitter) – that FTX has been transferring millions in digital assets, including Chainlink (LINK), Solana (SOL), Ethereum (ETH), Polygon (MATIC), etc, to various exchange addresses. Prior to this development, the analytics firm initially reported that around $8.6 million were moved to a Binance address. According to the latest Nansen data, FTX subsequently moved $24.3 million in various tokens to different addresses on Coinbase and Binance. The now-defunct exchange would later transfer 943,000 SOL (worth around $32 million) from its cold storage wallet on Friday. Based on Nansen’s data as of October 27, the total funds moved from FTX and Alameda wallets was above $60 million. Has There Been More Transfers? On Saturday, October 28, another blockchain data tracker, Lookonchain, offered an update on the recent transfer activities of the FTX- and Alameda-associated addresses. In a post on the X platform, the analytics platform revealed that FTX and Alameda moved an additional $20 million in crypto assets on Saturday. According to Lookonchain, FTX addresses transferred 309,185 SOL (worth around $10 million), 2 million Band Protocol tokens (equivalent to $3.15 million), 3.82 Perpetual Protocol tokens (worth about $2.3 million), amongst other crypto assets. Using Lookonchain’s data, this brings the total value FTX has moved this week to $78.7 million. While the purpose of these transfers is unknown, it remains to be seen whether they are associated with the exchange’s bankruptcy proceedings. And it comes after the FTX estate recently staked $122 million worth of Solana tokens. FTX exchange has been looking to conclude its pending Chapter 11 court case, with a recent proposal offering customers more than 90% of their missing assets toward the end of Q2 2024. Meanwhile, former CEO Sam-Bankman Fried is currently on trial for seven counts of fraud-related offenses.

Amidst the crypto market’s recent surge propelled by rumors of the Bitcoin Spot ETF approval, PEPE, a noteworthy altcoin, made a strong move by announcing the burning of over $5.5 million worth of its PEPE tokens. This smart decision resulted in a remarkable 30% surge within just 24 hours, propelling the value of PEPE to a two-month high. The surge in the crypto market triggered by the potential Bitcoin Spot ETF approval provided the perfect backdrop for PEPE’s strategic action, marking a significant upward shift in its value and indicating a resurgence in the altcoin space. PEPE’s Impressive Market Performance Recent data from crypto market tracker Coingecko highlights the impressive market performance of Pepe Coin. In the past week, the price of the meme coin has demonstrated an outstanding 61% surge, currently resting at $0.000001207, which marked a 0.84% gain at the time of this writing. This sustained upward trajectory not only underscores the coin’s resilience but also positions it as a significant player in the volatile crypto market, showcasing remarkable growth over a short period. Anticipations in the market for Pepe Coin suggest an imminent test of buyers’ resolve around the support level. Observers foresee a scenario where a substantial influx of aggressive purchases during a price dip could trigger a strong rebound for the Pepe coin. If this support indeed materializes, the coin is poised to potentially surge beyond the $0.0000019 mark. This projection not only signifies an opportunity for market momentum but also points to a critical juncture that could shape the near-future trajectory of Pepe’s value. The fervor surrounding Pepe, the memecoin sensation, intensified as the cryptocurrency surged an impressive 38% following the much-anticipated release of its latest updates. Notably, Pepe Coin unveiled a fresh team of advisors, marking a pivotal strategic move aimed at shaping the coin’s future trajectory. Amidst a week of substantial fluctuations in the crypto market, the spotlight fell on meme coins, with PEPE coin making a prominent appearance by almost doubling its value, reaching a market cap of $500. The Growing Appeal Of Meme Coins The success of PEPE coin signifies the growing influence and appeal of meme-based cryptocurrencies, which often rely heavily on online communities and social media engagement. The enthusiasm surrounding these coins is fueled by a combination of factors, including social trends, speculative trading, and the potential for quick, albeit risky, returns on investment. However, it’s important to note that the extreme volatility and speculative nature of meme coins can lead to unpredictable price swings and potential risks for investors. Elon Musk’s recent announcement regarding the incorporation of various payment methods into his platform, X, has sparked considerable interest and activity within the market. As the excitement surrounding the Bitcoin Spot ETF gradually subsided, the attention of the crypto market shifted towards meme coins. Specifically, the PEPE team’s decision to burn roughly 7 trillion tokens emerged as a key driver in the recent growth pattern. This strategic move significantly reduced the coin’s supply, potentially contributing to the increase in its value. These collective events underscore the dynamic nature of the cryptocurrency landscape, where strategic decisions and external endorsements wield substantial influence over market sentiment and value fluctuations. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock

The first stage in revealing the secret SHIB identity will be revealed on November 1, 2023. At the time of writing, SHIB is trading at $0.000008072, up 3.35% in the last 24 hours. A surprise move towards a distinct SHIB self-custodial identity has been begun by the Shiba Inu project’s developers. This news follows the successful release of Shibarium, a layer-2 scaling solution. The leading creators of the Shiba Inu project want to include Self Sovereign identity (SSI), a blockchain-based digital identification system, in any future endeavors related to the project. The developers of the self-custodial identification program are keeping its specifics under wraps, but they have announced that the last 72 hours are counting down. The first stage in revealing the secret SHIB identity will be revealed on Wednesday, November 1, 2023, with the accompanying instructions. Seismic Shift in Blockchain World Moreover, according to Kaal Dhairya, one of the developers of the Shiba Inu, the first step towards self-custodial identification on the ecosystem is imminent. Also, according to the team, this project will trigger “a seismic shift in the blockchain world.” On August 3, 2023, head developer Shytoshi Kusama announced that all Shiba Inu projects will begin using SSI Self Sovereign Identity. The SSI incorporation may serve as the basis for the forthcoming announcement. Moreover, IntoTheBlock saw a weekly spike in Shiba Inu outflow of 841%. IntoTheBlock’s Large Holders Outflow tool tracks the addresses of whales and other major holders to spot instances of frantic dumping. A fast surge in outflows might be the result of substantial withdrawals from exchanges or selling from “whale” addresses. At the time of writing, SHIB is trading at $0.000008072, up 3.35% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 8.92%. Highlighted Crypto News Today: Ripple CEO Criticizes Former U.S SEC Chairman Jay Clayton

Bitcoin’s surge past $35,000 on the 24th and 25th of October took the crypto world by surprise, as it indicated what might be the beginning of a new bullish sentiment. Trading volumes for the world’s largest cryptocurrency hit their highest levels since March, showing that interest in Bitcoin is booming once more. The entire crypto market saw an inflow of funds during the week, leading to a surge in market cap. Data from CoinGecko shows that the entire market cap increased from $1.184 trillion on Sunday, October 22, to $1.312 trillion on Wednesday, October 25. Most of this inflow went into Bitcoin, which saw its share of the cryptocurrency market increase from 49.58% to 51.47 % during this same time period. Chart From CoinGecko Daily Crypto Exchange Volumes Reach 8-Month High The recent boom in Bitcoin and cryptocurrency prices pushed Bitcoin daily trading volumes on crypto exchanges to their highest level since March. According to The Block’s data dashboard, the seven-day moving average for spot exchange volumes across multiple exchanges hit $24.12 billion on Thursday and $23.98 billion on Friday, respectively. In comparison, Bitcoin trading volume on exchanges was at $11.02 billion on the first day of the month. A similar metric from IntoTheBlock shows Bitcoin transactions reaching 1.4 million BTC as bulls looked to push Bitcoin to $35,000. Trading volumes are an important metric because higher volumes suggest greater interest and activity in a market. It means more people are actively buying and selling, leading to more liquidity and volatility. Whale activity also increased during this time period, as indicated by on-chain trackers. Whale transaction tracker Whale Alerts has shown various BTC transactions amounting to millions of dollars to and from crypto exchanges. What’s Next? More Bitcoin Movement? Bitcoin has since formed a resistance level around $35,000 and is now trading in a range. At the time of writing, Bitcoin is trading at $34,150, still up by 14.47% in a 7-day timeframe. While price action seems to be moving sideways at the moment, there are still hopes of continued momentum from the bulls to push BTC past $35,000 in the new week. Matt Hougan, CEO of crypto index fund manager Bitwise, has hinted at a further inflow of money into Bitcoin. Hougan makes this prediction on spot Bitcoin ETFs to project an inflow of around $50 billion within the first five years of its launch. Others like crypto financial services platform Matrixport have made more optimistic claims. Data from analytics platform mempool.space has shown a sustained increase in activity on the BTC network. If bulls continue to maintain a strong push, we could see Bitcoin reach as high as $45,000 in the early days of November. Featured image from Shutterstock

Another bullish prediction has come in for the XRP price which is arguably more optimistic than many would expect. This time around, a crypto analyst is expecting XRP to use up its stored energy for an explosive rally that could see the altcoin rally to $27, well above its all-time high. XRP Price Suppressed During Last Bull Run Because Of SEC Lawsuit Crypto analyst ERGAG CRYPTO recently predicted that XRP is poised for a massive 4,000% price surge. ERGAG made this prediction in an X post, detailing how this price surge can be actually possible. According to the analyst, XRP’s price was suppressed during the last major crypto bull run in 2021 due to an ongoing lawsuit from the SEC against Ripple Labs, XRP’s creator. While Bitcoin and other altcoins were hitting new all-time highs, the XRP price struggled to keep up due to fears the lawsuit could severely impact the project’s future. For instance, during this time period, Bitcoin skyrocketed by 23X, and Ethereum also went up a whopping 58X. A federal judge in the United States has since determined that the programmatic sales of XRP do not constitute the selling of securities. Now that the lawsuit seems to be coming to an end with a settlement in sight, XRP is poised to make up for lost time and shoot up with this lost energy. The analyst predicts the XRP price could rally 40 times from its current level to $27 in the subsequent bull run, which would exactly coincide with the Fibonacci 1.618 indicator from the 2017 peak to the 2020 bottom. Although a timeline for the next bull run is not known at the moment, ERGAG puts this spike to happen around mid-2024. What’s Next For XRP? The entire crypto market has witnessed gains since the middle of October, and the XRP price hasn’t been left out. Bitcoin, for instance, attained a new yearly high of $35,150. At the time of writing, XRP is trading at $0.547, up by 5.73% in the past seven days. Although its price is relatively low compared to other altcoins, XRP is still one of the strongest in the entire market, occupying the 5th spot in terms of market cap. ERGAG CRYPTO has also had some very optimistic price predictions for XRP in the past. While a $27 price point seems very overachieving, XRP could easily smash through its previous all-time high of $3.84 in the next bull market. The analyst had initially predicted that the altcoin might not see a new all-time high by July 2028.

Clayton blasted current SEC Chairman Gary Gensler for his handling of proceedings. The former SEC chairman departed the SEC days after the Ripple case was filed. When it comes to debates over corporate lawsuits and the US SEC’s role, Brad Garlinghouse, CEO of Ripple, has been vocal in his criticism of Jay Clayton, the previous chairman of the SEC. The CEO of Ripple recalls that Jay Clayton was the one who first filed the lawsuit that his company fought for over three years in response to a CNBC roundtable conversation with Jay Clayton that was posted by Cameron Winklevoss, CEO of Gemini. High-profile Legal Battle The fact that Clayton departed the SEC days after the Ripple case was filed was a big cause for worry for Garlinghouse. In an interview with CNBC, Clayton blasted current SEC Chairman Gary Gensler for his handling of enforcement proceedings against cryptocurrency businesses as an abuse of authority. Clayton told CNBC on June 29, 2023 that the US SEC could sue firms individually if it had a strong legal case to do so. He elaborated on how regulatory bodies should only provide rules and instances that they are certain would be upheld in court. Since taking over the SEC, Gary Gensler has been targeting the crypto firms. The regulator has targeted not just Kraken but also crypto exchange Coinbase and Binance on the grounds that they enabled the trade of unregistered crypto assets. Despite the SEC’s high-profile lawsuits under Gary Gensler, Clayton’s action against Ripple Labs is widely regarded as the industry’s most high-profile legal battle in recent memory. The payments company didn’t get its first big victory until July, when Judge Analisa Torres ruled that XRP’s programmatic sales are not investment contracts. Highlighted Crypto News Today: Ethereum’s Price Trading in Confined Range Eyeing Breakout

The recent price drop might be the catalyst for a subsequent price increase for SHIB. Rapid withdrawals from exchanges or sales from “whale” addresses are two possible causes. Shiba Inu had an increase of 841% in outflows last week, as reported by IntoTheBlock. The Large Holders Outflow feature of IntoTheBlock monitors the withdrawal of funds from the addresses of whales and other significant holders, making it possible to detect panicked selling. Rapid withdrawals from exchanges or sales from “whale” addresses are two possible causes of a sudden increase in outflows. During times of excessive volatility, large holders may be inclined to sell assets to avoid being forced to liquidate. Large withdrawals, however, are often due to funds leaving the exchange itself, since they are among the top holders. Cashing Out Following Bull Run The NetFlow indicator, which tracks the net change in whale holdings, reveals the whole story. Large-holder netflows have decreased for Shiba Inu by 96.69% during the last week. Net inflows from major investors falling is often a precursor to decreasing holdings or sales. On October 26 when the market started to go up, the price of a Shiba Inu hit a peak of $0.00000825, a level not seen in two months. Moreover, there was a record-breaking 715.13 billion SHIB worth of sell-off by institutional investors. This indicated that whales, or major Shiba Inu holders, cashed out following the recent bull run. Large holder outflows have fallen dramatically in the last day, reaching 274.37 billion SHIB, thanks to the rebound of Shiba Inu after its slide. After a prolonged bull run, Shiba Inu (SHIB) has joined the cryptocurrency pack and is experiencing the same minor pullback. Instead of being gloomy, this price drop might be the catalyst for a subsequent price increase for SHIB. Highlighted Crypto News Today: Binance Strengthens User Security With Launch of BNB SafeWallet

Shiba Inu is up by 12.15% in a 7-day timeframe as investors continue to accumulate cryptocurrencies in the wider crypto market. However, on-chain data has shown that accumulation has been going on for a while, with SHIB whales now accumulating $300 million in the past three months. Shiba Inu Whales Have Been Accumulating Large Amounts Of SHIB On-chain data from IntoTheBlock has shown that SHIB whales, meaning large holders, have been accumulating huge amounts of SHIB over the last few months. Large holders in the Shiba Inu ecosystem are divided into 12 whales (those with more than 1% of circulating supply) and 47 investors (those with more than 0.1% of circulating supply). These top SHIB wallet addresses have added an increase of +33.17%, around $300 million worth of SHIB in just the last 90 days. Data from the on-chain tracker Whale Alerts has shown various massive transfers during this time period. When investors accumulate large amounts, it often signals an incoming price rally. These massive accumulations by large holders point to their bullish belief in SHIB, despite the crypto having a weak momentum before the ongoing spike in the crypto market. This accumulation can, for the most part, be traced back to the introduction of Shibarium. The layer-2 solution developed by Shiba Inu, known as Shibarium, has had a good deal of success. At the time this article was written, the Shibarium blockchain had a total of 3,685,073 transactions and 1,257,858 wallet addresses. SHIB Future Outlook SHIB has had a price spike in relation to the ongoing inflow of funds into the crypto market currently being spearheaded by Bitcoin. At the time of writing, SHIB is trading at $0.00000784 after facing rejection at the $0.0000082 mark. Bulls have defended the $0.0000061 support level and $0.0000077 levels very strongly to form support after the price tested the latter level multiple times. A sustained move above $0.0000082 could send SHIB skyrocketing to its August high of $0.00001137. Large SHIB holders now hold 71% of the total circulating supply, and some of them can manipulate the price to their advantage. While whale accumulation is a positive sign, there are other things to consider regarding SHIB’s price outlook. On the other hand, the Shiba Inu developers and team leaders have pointed at upcoming projects in the ecosystem, one of which is a stablecoin based on Shibarium. If successful, a SHIB-based stablecoin could attract new investors to the Shiba Inu ecosystem, leading to a strong SHIB price spike.

Bitcoin has once again reclaimed $34,000 even as the euphoria around the possibility of a Spot Bitcoin ETF being approved soon. Following this, there is the need to look at the predictions of certain analysts who have weighed on the future trajectory of the flagship cryptocurrency from its current price action. Where Is Bitcoin Headed From $34,000? In a post shared on his X (formerly Twitter) platform, the CEO and Founder of trading platform MN Trading, Michaël van de Poppe, stated that the crypto was fighting $34,700 as resistance and that if it were to break out from that level, the crypto token could rise to as high as $37,000 to $38,000. He also seemed to suggest that $32,600 and $33,100 were key support levels to keep an eye on as he labeled them “areas of longing.” Another crypto analyst, CryptoTony, projects that Bitcoin could still spike up to $36,000 before “rejecting and letting the range begin.” Bitcoin Halving has become an important metric in making price predictions as the event draws near. In line with this, crypto analyst CryptoCon mentioned that the 2-Year-Old Cumulative Bands MVRV (Market Value to Realized Value) indicates that the pre-halving woes have occurred. Bearing this in mind, CryptoCon seemed bullish on the crypto token as he stated that “Bitcoin has something special in store for us next.” The analyst had recently predicted that Bitcoin could hit $45,000 as early as November based on their analysis of historical data and past cycles. Another crypto analyst, Crypto Rover, also mentioned using technical analysis that a bull flag was breaking out on the charts. This suggests that the rally already experienced might be nothing compared to what is on the way. Bitcoin In A League Of Its Own Several crypto analysts have, over time, noted the correlation between BTC and the stock market. Bitcoin is said to experience a decline whenever stocks are down and an upward trend whenever these stocks are on the rise. However, recent data suggests that this trend might be over (for now, at least). In a post on the X platform, Bitcoin Magazine noted that Bitcoin has so far decoupled from the Nasdaq, S&P 500, and Dow Jones this month. Bitcoin is up by over 28% in October, while the Nasdaq and S&P500 have had a relatively quiet month with just over 3% gains this month. Bitcoin is also hitting new highs (this year) in its dominance over the broader crypto market. Data from TradingView shows that the coin’s dominance currently stands at close to 54%. The flagship cryptocurrency has enjoyed an upward trend since the year began and hasn’t seen any significant competition from Ethereum despite talks about ‘The Flippening.’ Featured image from iStock

Unfold 2023, India’s largest Web3 event organised by CoinDCX from October 19 -21, 2023, was wrapped up on a high note. The sheer scale of the event and the overwhelming success reflects the promising future of Web3 in India. This objective is no less than propelling the nation to the forefront of Web3 leadership, thereby charting the course for the next phase of the Internet revolution. Unfold 2023 witnessed a remarkable turnout of over 2,500 participants during its three-day duration. Eminent leaders from the Ministry such as Sh. Priyank Mallikarjun Kharge, Minister IT/BT Karnataka, Sh. Jayant Sinha, Chairman PSC-FINANCE and MP and Sh. Rajeev Gowda, Vice Chairman, of Karnataka Policy and Planning Commission, and former- MP, of Rajya Sabha, spoke at the event, sharing a firm belief in the potential of Web3 to generate employment opportunities and revolutionize the internet landscape. The Event featured participation both in person and virtually, with over 60 distinguished global Web3 leaders and entrepreneurs, including notable figures such as Jesse Pollak, Founder of Base; Emin Gün Sirer, Founder of Ava Labs; Raj Gokal, Co-Founder of Solana Labs; Balaji Srinivasan; Ola Doudin, Co-Founder and CEO of BitOasis; and Mo Shaikh of Aptos. Unfold 2023 hosted Asia’s largest multichain multiprotocol hackathon, drawing over 700 web developers who competed for a total prize pool of USD 85,000. The Demo Day, which was also part of the event, saw some exceptional ideas from the entrepreneurs. The perks of winning the Demo Day included a $1 million pool of funding from CoinDCX Ventures and some of the top-tier Web3 investors, including Pi Ventures, Mumbai Angels, Global Coin Research, Dorahacks Ventures, Hashed EM, Draper Dragon, and IOSG Venture. By every metric, the event stood as the grandest and most significant in the realm of Web3. CoinDCX also unveiled its upgraded app, offering Indian crypto investors and traders a seamless experience with integrated advanced features from CoinDCX Pro. The user-friendly app launched during Unfold 2023 ensures secure and compliant trading in Virtual Digital Assets (VDAs). Unfold 2023 stands as a monumental achievement, propelling India to the forefront of the global Web3 arena. With hundreds of startups, five unicorns, and a projected contribution of $1.1 trillion to India’s GDP by 2032, this event underscored the imperative of fostering a unified Web3 ecosystem. India’s pivotal role in grassroots crypto adoption, housing 11% of the global Web3 developer pool, solidifies its position as a Web3 powerhouse. Anticipating a 120% growth in blockchain talent, the nation is poised for remarkable progress. The retail and financial sectors, contributing 37% and 15% respectively, will drive Web3 and metaverse adoption, illuminating India’s dynamic potential. Unfold 2023 has firmly established India as a trailblazer in the ever-evolving Web3 landscape, marking a significant leap toward a collaborative and thriving future. About CoinDCX Established in 2018, CoinDCX is the preferred crypto exchange in India, trusted by over 1.4+ crore registered users. Our mission is simple: to provide easy access to Web3 experiences and democratize investments in virtual digital assets. We prioritize user safety and security, strictly adhering to KYC and AML guidelines. In our commitment to quality, we employ a stringent 7M Framework for the listing of crypto projects, ensuring users access only the safest digital assets. CoinDCX has partnered with Okto for India to launch a secure multi-chain DeFi app that offers a keyless, self-custody wallet. It aims to simplify the world of decentralized finance (DeFi) by providing a secure, user-friendly, and innovative solution for managing digital assets. Through CoinDCX Ventures, we have invested in over 15 innovative Web3 projects, reinforcing our dedication to the Web3 ecosystem. Our flagship educational initiative, #NamasteWeb3 empowers Indians with crypto knowledge, preparing them for the future of virtual digital assets. CoinDCX’s vision and potential have gained the confidence of global investors, including Pantera, Steadview Capital, Kingsway, Polychain Capital, B Capital Group, Bain Capital Ventures, Cadenza, Draper Dragon, Republic, Kindred and Coinbase Ventures. For more information, visit https://coindcx.com/ For media queries CoinDCX Sharjil Shaikh 9920231055 [email protected] Veritas Reputation PR Disha Guha 8388820313 [email protected] 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.

Amid the recent upsurge, the price is up 11% in the last 7 days. If the bears drive the price below $1762 level, then price will head towards $1671 level. The recent rise in Ethereum’s price is consistent with the market’s optimistic mood. The rising price of Bitcoin, driven in part by the prospect of Bitcoin ETFs, has had a salutary effect on the broader crypto industry. As a result of the market’s upbeat outlook, Ethereum, which is already a formidable competitor, has strengthened even more. During the current crypto market surge, Ethereum gained 21% but still couldn’t break the $2,000 barrier. Many investors attributed the surge in value to the price of Bitcoin. The value of the cryptocurrency has moved between $1,760 and $1,850 during the course of the previous four days. Breakout Likely Assuming ETH recovers above the breakthrough mark of $1,853, the uptrend will continue. There will be further selling pressure on Ether if the price drops below the breakthrough mark of $1,746. The price however, is consolidating eyeing for a breakout in either direction. At the time of writing, ETH is trading at $1789, up 0.59% in the last 24 hours as per data from CoinMarketCap. However, the trading volume is down 16.90%. Amid the recent upsurge, the ETH price is up 11% in the last 7 days. Source: CoinMarketCap If the price manages to go past $1852 resistance level, then it is highly likely to head towards $2000 resistance level. If bulls could push the price above this level then the price will likely test the $2123 level. However, if the bears drive the price below $1762 level, then price will head towards $1671 support level. Further decline will likely see price testing $1611 mark.

Binance claims that its wallet is a safe and simple solution for consumers. The first step is to visit the website and create a “Safe” there. Crypto exchange Binance has released the BNB SafeWallet, a multi-signature wallet based on the Gnosis Safe Protocol, in an effort to strengthen user security and management. An extra layer of safety for user funds has been added to Binance’s services with the recent news that this secure digital asset management solution is now accessible on both Binance Smart Chain (BSC) and opBNB. Gnosis Safe is a multi-sig wallet built on Ethereum’s smart contracts that need the approval of a certain number of users before a transaction may be processed. This additional safeguard is a deterrent to monetary loss or theft. Safe and Simple Solution Moreover, with the launch of the BNB SafeWallet, Binance has made significant progress in protecting its customers’ digital assets. Also, according to the company’s newest statement, the launch is in keeping with its promise to provide its customers with a reliable and intuitive solution. In the meanwhile, the BNB SafeWallet is remarkable for the security measures that make it very difficult for unauthorized users to access the stored funds. Binance has taken precautions to safeguard user funds from even the most sophisticated cryptocurrency-related attacks by including the Gnosis Safe Protocol. Binance claims that its wallet is a safe and simple solution for consumers to store and trade with digital assets. The first step is to visit the website and create a “Safe” there. Crypto aficionados who value security in their assets will appreciate this extra safeguard. By making the BNB SafeWallet available on both BSC and opBNB, Binance is able to do more than just increase user safety; it is also broadening the scope of its ecosystem. Highlighted Crypto News Today: Indian Doctor Loses INR 1.1 Crore to Facebook Crypto Scam

SOL, the native token of the Solana blockchain, has been one of the biggest winners in the crypto market lately, delivering another positive price performance over the past week. This impressive price action reflects the increased interest in the altcoin and the recent shift in the climate of the general crypto market. Interestingly, asset management firm VanEck is amongst the latest entities showing interest in the Solana token and the altcoin’s prospects. VanEck Predicts Potential 10,000% Rally For Solana In a report published on Friday, October 27, prominent asset management company VanEck created different valuation scenarios for the SOL token. This price projection revolved around the current capability and potential of the Solana blockchain. In a base case, VanEck believes that Solana can hold a 30% share in the smart contract market, a significant increase from the network’s current market share. Using this valuation framework, the asset manager projects SOL price to reach $335 by 2030. Comparatively, Ethereum can achieve a 70% market share of value transmitted across open-source blockchains, according to the report. This projection makes $11,800 a possible destination for ETH’s price by 2030. Nevertheless, VanEck presented a bull case for SOL in its analysis, putting forward a $3,211 price target for the altcoin in the best possible scenario. The asset management firm said: It would take the Solana token a massive 10,000% price rally to reach $3,211 from the current price point. Now, it is worth mentioning that there was also a pessimistic scenario for SOL in the VanEck report, with the token projected to trade below $10 in a bearish case. VanEck, one of the world’s largest asset management firms, has been an active participant in the cryptocurrency space over the past few years. The financial behemoth is one of the few companies looking to launch a Bitcoin spot exchange-traded fund in the United States. SOL Price Overview As earlier inferred, Solana has been on an upward trajectory over the past few weeks. Since initial concerns of a significant sell-off by FTX have subsided and the general market sentiment has improved, the altcoin’s price performance has been positive. As of this writing, the SOL token is valued at $32.19, reflecting a 2% in the last 24 hours. However, the cryptocurrency has maintained most of its recent profits on the weekly timeframe, with a 14% price jump in the past seven days.

Solana (SOL) has gained 67% in the last 30 days as per data from CoinMarketCap. If the price manages to go past $33.6 level, then it will likely test $36.9 resistance level. VanEck, a prestigious asset management company, recently released research on Solana that has generated a lot of discussion. Solana’s SOL token was given an optimistic forecast in the research, with a price increase to a whopping $3,211.28 by 2030. The report also considers a future in which Solana becomes the first blockchain to host apps with over 100 million users. Moreover, Sam Bankman-Fried (SBF), the founder of FTX, said in a recent criminal trial that he began buying Solana (SOL) tokens when they were 20 cents each. He also said that Alameda used internal cash and foreign borrowing to finance this endeavor. This information ran counter to his earlier declaration, in which he pledged to pay $3 for every SOL token. Brief Correction For the last two weeks, speculation that the spot Bitcoin ETF would soon be approved has propelled the cryptocurrency market as a whole. Solana (SOL) is one of the greatest gainers from this spike, with a price rise of 67% in the last 30 days. Source: CoinMarketCap At the time of writing, SOL is trading at $32.21, down 2.64% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is down 28.48%. If the price manages to go past $33.6 level, then it will likely rally further to test $36.9 resistance level. Breaking this level will likely see price reaching $38.9 level. Contrarily, if the price manages to go below $31.6 level, then it will likely test $30.8 support level. Further decline will likely move the price towards the $30.1 mark.

Chainlink (LINK) has emerged as one of the top cryptocurrencies in the last week following an impressive market performance which saw the token gain by 46.49% in the past seven days. Even amidst whale movements, which suggest that investors are taking profit, LINK has managed to maintain its bullish momentum, gaining by 6.10% in the last day to above the $11 mark. However, despite the positive sentiment that has currently overwhelmed the LINK market, some analysts believe the token may be due for a major retracement. LINK To Fall Below $10: Is The Bullish Run Over? In a post on X on Friday, crypto analyst Altcoin Sherpa shared a prediction that LINK may soon experience a price dip, falling as low as $9.50. However, Altcoin Sherpa notes that this potential price loss may not spell the end of LINK’s bullish phase. In fact, the analyst describes the token’s price coming down as “healthy.” According to Sherpa’s prediction, LINK’s slide below $10 could simply be a price recorrection before the token resumes its upward trajectory. If this forecast proves true, many traders could view this $9.50 region as a great entry zone. Interestingly, Cryptonary, another analyst on X, has recently shared a similar price prediction. In a post on Thursday, Cryptonary called for much caution in the LINK market, stating the crypto asset may not sustain its current high price levels for long. To back up this forecast, the analyst states the Relative Strength Index (RSI) shows that Chainlink is currently in the overbought zone, which indicates a price pullback lies on the horizon. Although many traders have opened long positions on LINK as indicated by the market’s positive funding rates, Cryptonary has advised investors against “joining the crowd” Similar to Altcoin Sherpa, the analyst predicts LINK’s price to fall to $9.67 for a short-term retracement. However, with strong selling pressure, Cryptonary states that LINK could trade as low as $8. At the time of writing, LINK trades around $11.54 with a 0.25% gain on the last day. Meanwhile, the token’s trading volume is up by 8.01% and valued at $824.92 million. Chainlink Records Partnership Streak In other news, Chainlink recently shared with the crypto community its streak of collaborations with major traditional brands in promoting the adoption of blockchain technology. In a thread posted on X on Friday, the blockchain highlighted its partnership with the Swift payment company aimed at facilitating the seamless transfer of tokenized assets across multiple chains using Chainlink’s Cross Chain Interoperability Protocol (CCIP). In addition to Swift, Chainlink also discussed its partnership with the Depository Trust and Clearing Corporation, the Australia and New Zealand Banking Group Limited, and Vodafone Digital Asset Breaker (DAB).

The doctor used his wallet address to make several purchases of BTC, ETH, and USDT. He had invested INR 1.1 crore, but only INR 79 lakh of that was his own money. A gynecologist working out of central Mumbai, Maharashtra in India lost INR 1.1 crore (approx. $1,31,872) to a Facebook imposter. A lady called Melissa Campbell, proclaiming to be a professional in crypto trading, communicated with the doctor on Facebook last year, promising him a significant return on his investment. After a year of investing, the doctor discovered he had been scammed and went to the authorities. According to investigators, the victim had transmitted cryptocurrency to Campbell’s wallet address a total of 32 times. He had invested INR 1.1 crore, but only INR 79 lakh (approx. $94,708) of that was his own money; the rest had been borrowed from his buddy. Investigation Underway Fraudulent actions under the various sections of Indian law led to the filing of a First Information Report (FIR). The authorities are trying to learn more about the cryptocurrency wallet where the victim stored the stolen funds. According to the doctor’s complaint, he followed Campbell’s directions and created a trading account on a cryptocurrency exchange, providing his personal information such as email id, driver’s license number, and mobile phone number. He used his wallet address to make several purchases of BTC, ETH, and USDT. The doctor sent his crypto holdings into another wallet in an effort to maximize his profits. He attempted to cash out his funds but was informed that he would be subject to taxes and a redemption fee. Constantly, the con artists would make the doctor an unreasonable request. Up until October 14th, this persisted. The physician understood he had been victimized by the ruthless deceit of con artists. He went to the police station and filed a report thereafter. The investigation is underway by authorities. Highlighted Crypto News Today: Gemini Sues Genesis Global To Recover 60 Million GBTC Shares

Bullish FLOKI price prediction for 2023 is $0.00004307 to $0.0006411. FLOKI (FLOKI) price might reach $0.0001 soon. Bearish (FLOKI) price prediction for 2023 is $0.00002072 In this FLOKI (FLOKI) price prediction 2023, 2024-2030, we will analyze the price patterns of FLOKI by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION FLOKI (FLOKI) Current Market Status What is FLOKI (FLOKI)? FLOKI (FLOKI) 24H Technicals FLOKI (FLOKI) PRICE PREDICTION 2023 FLOKI (FLOKI) Support and Resistance Levels FLOKI (FLOKI) Price Prediction 2023 — RVOL, MA, and RSI FLOKI (FLOKI) Price Prediction 2023 — ADX, RVI Comparison of FLOKI with BTC, ETH FLOKI (FLOKI) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ FLOKI (FLOKI) Current Market Status Current Price $0.00003907 24 – Hour Price Change 0.46% Down 24 – Hour Trading Volume $216,966,344 Market Cap $216,963,198 Circulating Supply 9,497,016,735,318 FLOKI All – Time High $0.0003437 (On Nov 04, 2021) All – Time Low $0.00000002 (OnAug 09, 2021) FLOKI Current Market Status (Source: CoinMarketCap) What is FLOKI (FLOKI) TICKER FLOKI BLOCKCHAIN Ethereum CATEGORY Memecoin LAUNCHED ON September 2021 UTILITIES Governance, security, gas fees & rewards Floki, often referred to as Floki Inu or simply Floki, is a cryptocurrency that emerged as a meme-inspired digital asset. It gained popularity and recognition due to its association with the enigmatic Norse character, Floki from the TV series Vikings, and the broader “dog meme” coin trend that began with Dogecoin. Floki’s development and community are driven by a group of enthusiasts and developers. While its long-term viability and utility remain uncertain, it serves as a symbol of the unpredictable and speculative nature of the cryptocurrency market, attracting both fervent supporters and critics within the crypto space. FLOKI 24H Technicals (Source: TradingView) FLOKI (FLOKI) Price Prediction 2023 FLOKI (FLOKI) ranks 95th on CoinMarketCap in terms of its market capitalization. The overview of the FLOKI price prediction for 2023 is explained below with a daily time frame. FLOKI/USDT Right Angled Descending Broadening Wedge Pattern (Source: TradingView) In the above chart, FLOKI (FLOKI) laid out a right-angled descending broadening wedge pattern. A right-angled descending broadening wedge is a bullish reversal pattern. The pattern is an inverted ascending triangle because it is made up of two converging lines with a horizontal line for the resistance ad a bearish downward slant for the support. At the time of analysis, the price of FLOKI (FLOKI) was recorded at $0.00003907. If the pattern trend continues, then the price of FLOKI might reach the resistance levels of $0.00004159, and $0.00009687. If the trend reverses, then the price of FLOKI may fall to the support of $0.00003039, $0.00002085, and $0.00001532. FLOKI (FLOKI) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of FLOKI (FLOKI) in 2023. FLOKI/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of FLOKI (FLOKI) for 2023. Resistance Level 1 $0.00004307 Resistance Level 2 $0.00006411 Support Level 1 $0.00003050 Support Level 2 $0.00002072 FLOKI Resistance & Support Levels FLOKI (FLOKI) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of FLOKI (FLOKI) are shown in the chart below. FLOKI/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current FLOKI (FLOKI) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $0.00001913Price = $0.00003639 (50MA < Price) Bullish(Uptrend) Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 75.40788377 <30 = Oversold 50-70 = Neutral>70 = Overbought Overbought State Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume FLOKI (FLOKI) Price Prediction 2023 — ADX, RVI In the chart below, we analyze the strength and volatility of FLOKI (FLOKI) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). FLOKI/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of FLOKI (FLOKI). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 55.66170049 Strong Trend Relative Volatility Index (RVI) Volatility over a specific period 69.11 <50 = Low >50 = High High Volatility Comparison of FLOKI with BTC, ETH Let us now compare the price movements of FLOKI (FLOKI) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs FLOKI Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of FLOKI is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FLOKI also increases or decreases respectively. FLOKI (FLOKI) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of FLOKI (FLOKI) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price FLOKI (FLOKI) Price Prediction 2024 $0.0007 $0.000019 FLOKI (FLOKI) Price Prediction 2025 $0.001 $0.000017 FLOKI (FLOKI) Price Prediction 2026 $0.004 $0.000012 FLOKI (FLOKI) Price Prediction 2027 $0.007 $0.000010 FLOKI (FLOKI) Price Prediction 2028 $0.02 $0.0008 FLOKI (FLOKI) Price Prediction 2029 $0.06 $0.0007 FLOKI (FLOKI) Price Prediction 2030 $0.1 $0.0006 Conclusion If FLOKI (FLOKI) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish FLOKI (FLOKI) price prediction for 2023 is $0.00006411. Comparatively, if unfavorable sentiment is triggered, the bearish FLOKI (FLOKI) price prediction for 2023 is $0.00002072. If the market momentum and investors’ sentiment positively elevates, then FLOKI (FLOKI) might hit $0.0005. Furthermore, with future upgrades and advancements in the FLOKI ecosystem, FLOKI might surpass its current all-time high (ATH) of $0.0003437 and mark its new ATH. FAQ 1. What is FLOKI (FLOKI)? Floki, often referred to as Floki Inu or simply Floki, is a cryptocurrency that emerged as a meme-inspired digital asset. 2. Where can you buy FLOKI (FLOKI)? Traders can trade FLOKI (FLOKI) on the following cryptocurrency exchanges such as Binance, OKX, CoinW, Deepcoin, and Bitrue. 3. Will FLOKI (FLOKI) record a new ATH soon? With the ongoing developments and upgrades within the FLOKI platform, FLOKI (FLOKI) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of FLOKI (FLOKI)? FLOKI (FLOKI) hit its current all-time high (ATH) of $0.0003437 OnNov 04, 2021 5. What is the lowest price of FLOKI (FLOKI)? According to CoinMarketCap, FLOKI hit its all-time low (ATL) of $0.00000002 onAug 09, 2021. 6. Will FLOKI (FLOKI) hit $0.0005? If FLOKI (FLOKI) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.0005 soon. 7. What will be the FLOKI (FLOKI) price by 2024? FLOKI (FLOKI) price might reach $0.0007 by 2024. 8. What will be the FLOKI (FLOKI) price by 2025? FLOKI (FLOKI) price might reach $0.001 by 2025. 9. What will be the FLOKI (FLOKI) price by 2026? FLOKI (FLOKI) price might reach $0.004 by 2026. 10. What will be the FLOKI (FLOKI) price by 2027? FLOKI (FLOKI) price might reach $0.007 by 2027. Top Crypto Predictions Fantom (FTM) Price Prediction 2023, 2024, 2025-2030 Bitcoin (BTC) Price Prediction 2023, 2024, 2025-2030 Toncoin (TON) Price Prediction 2023, 2024, 2025-2030 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Bitcoin (BTC) surged by over 15.26% in a week, hitting yearly highs of $35,000. In the short term, Bitcoin faces immediate resistance at $34651. In a month aptly named “Uptober,” Bitcoin (BTC) keeps up to its position with a significant surge in price. Over the past week, Bitcoin has notched up substantial gains, climbing by over 15.26% to settle around $34,100 after reaching yearly highs of $35,000, a major breakthrough. The journey from a low of $26,833 on October 14th to a peak of $35,263 showcases a remarkable 31.4% ascent. This upward trajectory aligns with an increase in trading volumes and a resounding bullish sentiment, providing convincing indicators of a sustainable recovery. However, despite this newfound stability, the road ahead remains enfolded in uncertainty. The potential approval of future Exchange-Traded Funds (ETFs) could propel the market even further. Bitcoin (BTC) 24-H Analysis At the time of writing, BTC is trading at $34,120, down 0.07% in the last 24 hours, as per data from CoinMarketCap. Further, the trading volume is down 18.68%. Following the recent upsurge, the price has been up 29.24% in the last 30 days. The day saw Bitcoin reach a high of $34,155 and a low of $33,450. Bitcoin (BTC) Price Chart (Source: TradingView) Analyzing the 24-hour chart, a pivotal point emerges at $34,651, with immediate resistance revealed at $35,000. If the current bullish momentum persists, the next jump appears at $34,800 and subsequently at $35,320. On the flip side, support levels are strategically positioned at $33,910, followed by $33,760 and $33,350. When delving into the technical indicators, the Relative Strength Index (RSI) stands at 81, firmly signaling an overbought sentiment. Additionally, the price slightly hovers above the 50-day Exponential Moving Average (EMA50), suggesting a potential short-term bullish trend.

Since the second week of October, there was a noticeable surge in demand for Aptos’ native cryptocurrency APT. This increased interest led to a robust phase of Total Value Locked (TVL) growth. Ultimately, this surge in demand for APT resulted in Aptos achieving its highest-ever TVL value of $74 million during the trading session on Thursday, October 26th. This surge in TVL is a crucial metric for decentralized finance (DeFi) platforms, showcasing the total value of assets, tokens, or cryptocurrencies locked within the platform’s smart contracts. Aptos TVL. Source: DefiLlama Aptos Surges Amidst Rising Investor Confidence The increase in demand for Aptos’ native cryptocurrency, APT, further demonstrates growing investor confidence and interest in the platform’s utility, potentially indicating an expanded user base or enhanced use case scenarios within the Aptos ecosystem. At the time of writing, APT was trading at $6.69, up 4.5% in the last 24 hours, and etching a notable 31.5% increase in the last seven days, according to figures by crypto market tracker Coingecko. This rally can be partially due to Aptos’ distinct position as a proof-of-stake blockchain that uses a cutting-edge smart contract programming language, to facilitate quicker and less expensive transactions on its network. For this reason, a lot of cryptocurrency fans frequently associate Aptos with certain decentralized Web3 applications, with a focus on the domain of non-fungible tokens (NFTs). AptosOne recently launched Graffio, an NFT-based art display platform. This tool simplifies NFT art creation, with standout features including waived gas fees for social media logins and the creation of an exclusive Graffio wallet. APT Price On Bullish Run With 24% Gain The announcement led to a surge in Aptos (APT) price from $4.88 to $6.03 between October 20 and 23, a nearly 24% increase, prompting experts to predict a bullish trend continuing to $7.20 around end of next month. Its current value of $6.69 reflects a notable climb of 36% since mid-October, demonstrating a robust upward trend. The increase in price underscores the promising prospects for the future of Aptos and its indigenous digital currency, APT. As Aptos achieves its all-time high in Total Value Locked (TVL), the soaring trajectory of APT’s price and the platform’s advancements in NFT technology have sparked significant optimism. The recent market surge and robust momentum hint at the potential for sustained growth and increased interest in APT. Despite concerns looming over a possible market retraction, the record-breaking TVL and the remarkable rise in APT’s value prompt a hopeful outlook, suggesting that Aptos and its native token may be well-positioned to weather potential market fluctuations and maintain their upward trajectory in the near future. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Shutterstock