Roam introduces Physical L1 model to build a decentralized Telecom Data Network, expanding market potential and leading new narratives in DePIN. The Decentralized Physical Infrastructure Network (DePIN) sector emerged in 2019 and has grown significantly over the years, with total token market capitalization reaching billions of dollars. However, DePIN still faces numerous challenges, including a mismatch between user needs and available products, scalability issues, unsustainable economic models, and limited infrastructure expansion. These obstacles have restricted the widespread adoption of DePIN projects, confining many participants to token speculation and limiting the sector’s overall impact. An exceptional DePIN project should possess the following characteristics: Real application needs User-friendly products that meet those needs Significant market potential Solid data foundation Strong industry endorsements Roam stands out as one of the few DePIN projects meeting all these criteria. With the recent launch of its Telecom Data Layer, Roam is building a decentralized telecom data network using the Physical Layer 1 (Physical L1) model to handle specific data types. This infrastructure enables the development of rich and practical applications that serve users effectively, elevating Roam beyond traditional DePIN projects. By becoming the foundational layer of DePIN, Roam significantly expands its market potential and opens up new possibilities for innovation. Addressing Real Needs with Innovative Products In today’s society, internet access is as essential as water and electricity. However, seamless connectivity is not always readily available, especially for travelers who often face poor network signals, high data fees, repetitive logins, and lengthy registration processes. Roam is committed to building a global decentralized WiFi roaming network. Utilizing Decentralized Identity (DID) and Verifiable Credentials (VC) technologies, Roam offers users a secure, seamless, and global wireless experience. Key Features of Roam: Global Free WiFi Roaming: Roam’s services are free for end-users, providing unrestricted access to WiFi networks worldwide. Global Free Data with eSIM: Users can obtain free international data within the Roam app, even in areas without WiFi coverage, ensuring constant connectivity. User-Friendly Experience: With a simple registration on the Roam app, users can connect to global WiFi networks effortlessly through Roam’s multi-chain wallet. Privacy and Security: DID and VC technologies safeguard user information, while zero-knowledge proof allows identity verification without disclosing personal data. Token Incentives: Users receive token rewards for activities like registration, referrals, and sharing. Network providers earn tokens by sharing WiFi resources or using Roam routers like the Rainier MAX 60. Comprehensive Network Infrastructure: Roam distributes hardware supporting computing, storage, and connectivity, such as WiFi routers and AP access points, forming the backbone of its network. Telecom Data Layer: Surpassing DePIN Roam’s latest initiative introduces a broader vision for future development. Traditional DePIN projects focus primarily on user adoption at the application layer. In contrast, Roam extends its focus to the physical layer. A vast network of Roam mining nodes has been established, each providing network services and generating location and time data during user interactions. This forms a decentralized telecom data layer, with core data synchronized to the blockchain in real-time and stored on Solana and other collaborative blockchains. This infrastructure unlocks broader application scenarios and offers richer services to users. Roam is not just connecting people to devices but also devices to devices (Internet of Things), devices to data, and devices to AI. While leveraging blockchain technology to build its digital ecosystem, Roam is not confined to blockchain data systems. It rapidly deploys infrastructure hardware using DePIN advantages but extends services beyond DePIN’s traditional scope. For instance, Roam can support Content Delivery Networks (CDN) and Virtual Private Networks (VPN), positioning itself at a more foundational level than the application layer. Building a Platform for Diverse Applications The Roam Telecom Data Layer, built through the Physical L1 model, establishes a global decentralized telecom data network rooted in DePIN’s foundational layer. This allows various projects to utilize Roam’s Telecom Data Network to develop richer services and diverse applications—not limited to WiFi and data traffic related to Roam. The platform supports multiple sectors, including information storage, data communication, AI computing, and edge computing, fostering a robust ecosystem. It enables data interoperability between different projects and interconnectivity between devices. Implementing a data network is more challenging than developing application layers, but Roam has made significant strides. With over 600,000 nodes synchronizing information in real-time, Roam is constructing a new, expansive Internet of Things network. The ecosystem’s data layer is based on blockchain technology, where DID usage extends beyond humans to devices and AI, advancing toward a “Blockchain of Things (BoT).” The Physical L1 model expands Roam’s market potential, evolving it from a DePIN project into a platform capable of nurturing a prosperous ecosystem and enabling new narratives. Solid Data and Strong Endorsements As of now, Roam boasts over 760,000 app users across more than 190 countries, covering over 3.5 million OpenRoaming nodes. Users have added an additional 710,000 self-built network nodes, making Roam the third-largest DePIN project on Depinscan.io. Strong Industry Endorsements: Wireless Broadband Alliance (WBA) Membership: Roam is the only Web3 Identity Provider (IDP) within the WBA, the global authority setting standards for the wireless broadband industry. Members include industry giants like AT&T, BT, Boingo, Cisco, Deutsche Telekom, KT, Orange France, True Internet, and TMN/Portugal Telecom. Technology Partnerships: Roam has established deep collaborations with leading companies and platforms such as Samsung, Cisco, Intel, and Solana. Hardware Manufacturing Collaborations: Partnering with Xiaomi’s supply chain, Roam has developed and produced high-quality WiFi routers, including the Roam Rainier MAX 60 and Roam Baker MAX 30. Significant Investment Backing: Roam has secured tens of millions of dollars in two funding rounds from investors like Anagram, Volt Capital, Comma 3 Ventures, IoTeX, Awesome People Ventures, Crowdcreate, Future Life, Slope, Stratified Capital, JDI Global, ZC Capital, Future 3 Campus, ECMC Group, SNZ, and DePIN Labs. In February 2024, Roam received strategic investment from Samsung Next. Over the past three years, Roam’s team has grown from an initial five members to over 50, with its user base approaching the one million mark. With the introduction of the newTelecom Data Layer and Physical L1 blueprint, Roam is poised to lead a new wave of innovation, fostering a more prosperous and interconnected ecosystem. For more information, please visit Website , X. 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.

In an interview with Aaron Arnold, founder of Altcoin Daily, Matt Hougan, the Chief Investment Officer (CIO) of Bitwise Asset Management, shared his optimistic outlook on Ethereum for 2025. Amidst a crypto landscape where Bitcoin and emerging high-performance blockchains like Solana, Sui, and Aptos dominate headlines, Hougan positions Ethereum as a “contrarian bet” that may offer significant returns for investors willing to look beyond current market sentiments. Why Ethereum Is The Best “Contrarian Bet” Hougan acknowledged Ethereum’s unique position within the crypto market. He describes Ethereum as “the asset that people love to hate; it’s kind of the middle child of crypto.” While Bitcoin maintains its status as the original cryptocurrency and a store of value, newer blockchains capture attention with promises of superior performance and innovative features. Ethereum, meanwhile, is often criticized for issues like high fees and the migration of activity to Layer-2’s, leading some to view it as outdated technology struggling to keep pace with its competitors. However, Hougan challenges this narrative by emphasizing Ethereum’s foundational role in some of the most critical and rapidly growing areas of the crypto industry. “When you step back and look at it, what are the killer apps of crypto outside of Bitcoin? They are things like stablecoins, DeFi [decentralized finance], and tokenization,” he notes. Despite the emergence of alternative platforms, Ethereum remains the leading blockchain supporting these applications. It is the primary choice for developers and institutions. “If you’re a large traditional financial player looking to build on a public blockchain what blockchain are you going to choose most likely? You’re going to choose Ethereum,” Hougan claims. The Bitwise CIO attributes Ethereum’s underperformance to a transitional phase in its development. “I think Ethereum has sort of passed over this year because it’s going through this complex teenage adjustment in its architecture,” he explained. This “teenage adjustment” refers to Ethereum’s ongoing upgrades. Hougan remains bullish on Ethereum’s long-term prospects, considering it a strong contrarian play for 2025. “Ethereum is the best contrarian bet in crypto right now,” he stated via X. Hougan believes that the market’s current focus on Bitcoin and newer blockchains has caused many to overlook Ethereum’s enduring strengths and potential for growth. He asserts that as the blockchain completes its architectural upgrades, it will be better positioned to capitalize on its dominant role in key sectors like stablecoins and DeFi. When asked whether he believes Ethereum will break it’s all-time highs, Hougan expressed cautious optimism. “I certainly think we could see that in 2025 if we see significant growth in the application space,” he responded. However, he emphasized that Ethereum’s ability to reach new price levels is more conditional compared to Bitcoin. “I think it’s maybe more conditional than Bitcoin,” he admitted. Key among these conditions is the enactment of favorable stablecoin legislation. “We need to see positive stablecoin legislation that helps that move aggressively into the mainstream,” Hougan stresses. Regulatory clarity and support for stablecoins could lead to increased adoption and integration into the mainstream financial system, directly benefiting Ethereum as the primary platform for these digital assets. Additionally, he points to the necessity for continued growth in decentralized applications (dApps) built on the Ethereum network. “We need to see more growth in apps that are built on the Ethereum ecosystem,” he added. Hougan advises investors to focus on the overall growth and development of the Ethereum ecosystem rather than short-term concerns like fee structures or the migration to Layer 2 solutions. “I don’t think that’s the game to play with Ethereum right now,” he remarks regarding worries about fees and network congestion. Instead, he suggests that the intrinsic value of Ethereum will become apparent as its ecosystem expands and matures. “Think about the growth of the ecosystem, and the value will sort itself out,” he asserts. Hougan stated that while he remains bullish on both Bitcoin and Ethereum, he sees a unique opportunity with Ethereum due to its current undervaluation and the market’s overlooking of its potential. “I know I just made a very bullish case for Bitcoin; now I’m making a very bullish case for Ethereum. I am bullish for both, and I think the setup for both is pretty good,” he concludes. At press time, ETH traded at $2,624.

The anticipated launch of the Donald Trump World Liberty Financial (WLFI) token has globally faced challenges in raising the expected $300 million. Thus, the fundraising activities have been described as a total failure within two days after it was launched on 15 October since WLFI has raised only around $11 million accounting for only 4% of the target. Actually, with so much effort placed to advertise the project, which was even described as a ‘crypto bank,’ things have turned out different. Technical Issues Affect Trump Token Sales It was assumed that the WLFI token would generate a huge interest especially with Trump at the helm. Co-founder Zachary Folkman said that there were more than 100,000 people ready to put their money in. The other side of the coin however is quite different. The project’s website could not be accessed for long periods, exasperating potential purchasers who tried unsuccessfully to participate in the sale. In actual sense though, the token is really held by less than 9,300 unique wallets, a far cry from the expected investor uptake. The teething problems associated with the project not only curtailed the sales during the launch but also created viable concerns regarding the future of the project. Determining Investor Attitude And Regulatory Issues The WLFI token is described as a D regulation offering whereby it is offered to only a specific group of people known as accredited investors or individuals who either have a net worth of over $1 million or gross income of up to $200,000 annually. This limitation on investor inclusion effectively reduces the available clientele base. In addition, unlike many of the cryptocurrencies that allow for immediate trading of their tokens, WLFI tokens are non-transferable and are mainly governance tokens. Investors can vote on proposals in the platform but are relatively passive at the moment. Apart from these obstacles, Trump quite quickly after the launch published a post on social media urging his fans to invest in WLFI. He went on to say that cryptocurrency was the means to go, but his call to action did not result in an immediate upsurge of sales. A Cloudy Future Ahead? WLFI’s future is nevertheless unknown even as it battles to acquire momentum. The money gathered is meant for WLF’s treasury, but without a clear path plan or significant rewards for investors, confidence could continue to erode. Critics note that WLFI is opaque; it has not published a comprehensive white paper or business plan that seasoned investors usually demand from such initiatives. Meanwhile, despite the hiccups, Etherscan data verified that thousands of investors rushed to the Trump-endorsed DeFi project. In the first hour, 3,000 distinct addresses collected about 350 million WLFI coins in the face of the rough start. Featured image from Andrew Harnik/AP, chart from TradingView

As major cryptocurrencies like Bitcoin, Solana, and Dogecoin experience soaring prices, savvy investors are taking their profits and turning their attention to a new opportunity within the SUI ecosystem—Suirum ($SUIR). With Bitcoin recently surpassing the $68,000 mark, marking its highest level since late July, and the overall crypto market on an upward trajectory, the search for the next big investment leads to Suirum. Bitcoin’s Recent Surge and Market Dynamics Bitcoin’s recent ascent over $68,000 has been catalyzed by various factors, including significant inflows into Bitcoin ETFs and a rise in market dominance to 58.91%—a peak last observed in April 2021. This surge reflects growing investor confidence and a renewed appetite for risk in the crypto markets. However, as the giants of the crypto world continue their upward march, many investors are exploring new avenues to diversify their portfolios and maximize returns. Why Investors Are Shifting to Suirum ($SUIR) Amidst the market highs, Suirum is emerging as a compelling investment for those looking to diversify into memecoins with substantial growth potential. Unlike traditional investments, Suirum offers a unique mix of engaging community-driven dynamics and innovative financial mechanics, such as its deflationary token model which automatically reduces supply with every transaction, potentially driving up the value per token over time. Suirum: A New Era of SUI Memecoins Suirum is not just another memecoin; it’s a pioneer in the space on the SUI blockchain, offering a unique proposition with its deflationary model and robust community engagement strategies. As Bitcoin and other major cryptocurrencies are reaching new heights, Suirum presents an alternative for investors looking to capitalize on the next wave of crypto innovations. The Attraction of Suirum’s Presale The ongoing Suirum presale is rapidly gaining momentum, with over 19,000 SUI raised in just days. Investors are drawn to its low entry price and high potential for appreciation. As the crypto market thrives, the appeal of getting in early on a project like Suirum—with the prospect of significant returns—becomes increasingly attractive. The presale offers an exclusive opportunity to buy $SUIR tokens at a substantial discount before its broader market launch, where it is set to debut on major exchanges at a higher valuation. How to Invest in Suirum Investors looking to take advantage of the potential upside in Suirum can participate in the presale by following these steps: Set Up a SUI-Compatible Wallet: Ensure you have a wallet that supports the SUI blockchain, such as SUI Wallet or Suiet Wallet. Purchase $SUI: Acquire $SUI tokens from major cryptocurrency exchanges to use in the Suirum presale. Participate in the Presale: Visit suirum.com/sale to buy $SUIR tokens. Follow the straightforward instructions to send your $SUI and secure your tokens. Receive and Hold Your $SUIR Tokens: Once the presale concludes, your tokens will be airdropped to your wallet, ready for the upcoming listings and trading. Conclusion: Don’t Miss the Suirum Opportunity As the crypto market continues its bullish run, diversifying into emerging coins like Suirum could not only enhance your portfolio but also position you for exceptional gains. Suirum is poised to become a standout in the meme coin market, potentially delivering impressive returns similar to early investments in now-major coins. 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.

Rexas Finance (RXS) is one of the best-rising altcoins in the market, alongside some other supportive recent trends that have provided more investment opportunities in the crypto and one such trader who had predicted it could be one of the tokens that would surpass Solana (SOL) among the rankings. Currently selling at $ 0.06 in its ongoing presale, Rexas Finance is gaining the interest of the crypto community through its unique Real World Asset (RWA) tokenization offering. Considering that the cryptocurrency industry keeps changing with the entry of new projects, RXS seems to be the token that has a good future and therefore presents a low cost for its investors with a look of upside to a much higher value. Rexas Finance (RXS): A Platform For Real-World Assets Tokenization Rexas Finance Real World Asset (RWA) tokenization is one of the most attractive features of the company. This technology selects and stores the digitalization of static and dynamic assets in the form of property and non property. Old-age assets such as real estate, artworks, or even commodities can be decomposed into thinner pieces and offered to a larger marketer. With business expansion, Rexas Finance is helping to eliminate the barriers blocking asset ownership and generate liquidity in less liquid markets. The tokenization of RWA is picking up speed late because investors are factoring toward innovative ideas to buoy their portfolios. The use of restricting technologies enhances the safety and efficiency of asset exchange, which addresses various shortcomings of conventional asset management. Rexas Finance seeks to rectify the long-term problem of high barriers to the creation and trading of tokenized assets for experienced crypto traders and beginners. Why Rexas Finance (RXS) Could Rival Solana (SOL) Solana has climbed the ladder of being one of the fastest and most scalable blockchain platforms, having superb transaction speed and a wide range of decentralized applications (dApps) on deck. Nevertheless, the real estate asset token strategy by Rexas Finance is one of the many use cases that are totally different but will probably go a long way in attracting a lot of investors as well. The Rexas Finance platform allows users to create tokens from various assets and conduct trading in a blockchain. This transaction comes with advantages such as a high level of liquidity, large geographic markets, and low costs of transactions. There is also growing interest in such assets given the growth in demand for the Rexas Finance system solutions. Furthermore, the features of the system, such as democracy and integrity guaranteed by the technology of blockchain, are likely to win more individual and institutional investors. Although Solana has done quite well with decentralized apps, Rexas Finance aims to fill the gap in the tokenized assets sector, providing an alternate solution that meets other market demands. With the growing adoption of assets over the blockchain network, it is quite feasible to envisage Rexas Finance as one of the large players in that space, making it a threat to Solana. Growing Investor Enthusiasm and Presale Success Rexas Finance has already showcased the appeal of its platform by the success of the presale. Stage 4 is in progress, which is already reflecting the rise in the token price, which was the case in the earlier stages due to the favourable sentiments from the investors. The presale has brought in $2,891,581, while 67,359,673 tokens have been sold. With the rising demand for these tokenized assets, it appears investors are making purchases of RXS in anticipation of high returns at high prices. It is apparent that the presale now fixes the price of $0.06, which is the last price discount for the ripe investors of the tokens. Due to the next presale stage promising to up the price to $0.07, many more people are anticipated to join in because of enhanced investor enthusiasm. Rexas Finance is equally encouraging such participation by conducting the Rexas Millionaire Giveaway, which is aimed at 20 participants and offers each $50,000, which heats the project. Rexas Finance RWA Tokenization Adverse Activities and Future Outlook The supporters of Rexas Finance are also stepping up as it moves to be a leader in the Real World Asset tokenization field. Rexas Finance attracts attention due to growing interest from investors and its unique strategy, and it will be able to join such giants as Solana, opening new horizons for blockchain development. In the cryptocurrency market today, the RXS token is among the most promising opportunities for investment due to the prospects of the growth of its prices as the presale moves on and the development of the platform goes on. For those investors who want to add funds to a high-potential altcoin, Rexas Finance comes as a good bet. As we peer into the future and look at the blockchain industry, projects such as Rexas Finance, which is geared towards real utility, are bound to prosper. Currently going for $0.06 below $0.10 during the presale phase, RXS is quite a rare investment opportunity to own a project that has the potential to change the future of ownership and management of assets in the digital world. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Data shows the Bitcoin Coinbase Premium Index has remained negative during the rally to $68,000. Here’s what this could mean for the asset. Bitcoin Coinbase Premium Index Is Currently Showing Red Values As explained by an analyst in a CryptoQuant Quicktake post, the BTC Coinbase Premium Index is inside the negative zone right now. The “Coinbase Premium Index” is an indicator that measures the difference between the Bitcoin prices listed on the cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). When the value of this metric is positive, it means the BTC price listed on Coinbase is currently higher than that on Binance. Such a trend suggests the former is observing a higher buying pressure (or a lower selling pressure) than the latter. On the other hand, the negative indicator implies that Coinbase users are participating in a higher degree of selling than Binance ones, as the coin is trading at a lower rate there. Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Index over the last few months: As displayed in the above graph, the Bitcoin Coinbase Premium Index has shown an interesting relationship with price until recently. It would appear that whenever the metric would assume positive values, the asset would rally, and whenever it would dip into the negative territory, the price would also plunge. This pattern extends beyond the chart window, as 2024 in its entirety has generally shown the two moving with notable correlation. The trend naturally suggests that Coinbase users have been potential market drivers, as the changes in their behavior have been inducing price action. Coinbase is the preferred platform of investors based in the US, especially large institutional entities, while Binance is the hub of global investors. As such, the index’s value tells us about how the behavior of American whales differs from the rest of the world. While the US-based institutional investors have been key for much of 2024, the pattern appears to have diverged recently. The chart shows that as the latest rally in the Bitcoin price has occurred, the indicator’s value has been red. This isn’t the only pattern that has been broken, as the index also tends to turn green whenever the spot exchange-traded funds (ETFs) witness inflows. The spot ETFs have seen significant net inflows recently, but the metric’s value has not flipped. “This raises the question of whether investors on Binance, whether retailers, institutions, or whales, are surpassing the buying pressure on Coinbase Pro,” notes the quant. It remains to be seen if the index and the price will continue to show a divergence shortly, implying a possible shift in market structure away from being Coinbase-dominated, or if it’s just a temporary deviation. BTC Price Bitcoin has continued its recent bullish push during the past day, as its price has now reached $68,000.

The Zig Network ($ZIG) presale has just kicked off and investors from Litecoin ($LTC) and Cardano ($ADA) are already jumping in. Zig Network has an exciting revenue sharing model and rewarding staking options, Zig Network is quickly becoming a favorite for anyone looking to grow their investments. Now’s the perfect time to get involved and be part of this game changing project. Litecoin ($LTC) Investors Look for Passive Income Litecoin ($LTC), often seen as the “silver” to Bitcoin’s “gold,” has been a reliable crypto for years. It’s known for low transaction fees and fast speeds, making it popular with both traders and long-term holders. $LTC’s price has been ranging between $65 and $68, which has led some investors to look for alternatives that might offer bigger short term returns. This is where Zig Network ($ZIG) comes in. Litecoin investors see the presale as a way to diversify their holdings and take advantage of $ZIG’s revenue sharing and staking benefits. With Zig designed to grow as more people use it, early investors stand to earn more as the rewards pile up, making Zig a smart addition to a typical $LTC portfolio. Cardano ($ADA) Investors See Growth Potential in Zig Cardano ($ADA) is known for its focus on building a secure, sustainable blockchain through a peer reviewed process. It attracts investors who care about innovation and long term security. While $ADA is still a solid crypto, its price has stayed steady around $0.3 to $0.4 for the past month, leading some to explore projects with higher short term growth potential. Zig Network ($ZIG) fits that need. With its decentralized governance and staking rewards, it has some similarities to $ADA. However, Zig stands out with its revenue sharing system, which lets holders earn as the platform grows. What’s more, $ZIG holders can take part in decision making through governance, offering Cardano investors another layer of income while sticking to familiar DeFi principles. Zig Network ($ZIG): The Future of Revenue-Sharing Blockchain The Zig Network presale has garnered a lot of attention for good reason. Unlike many other tokens currently on the market, Zig Network operates as the world’s first revenue sharing blockchain, allowing holders to earn a percentage of the platform’s fees. This creates a steady income stream for token holders, something not commonly found in the cryptocurrency space. Additionally, Zig Network’s staking system offers daily income to those who participate, while its VIP program rewards the largest holders with even more benefits. But it’s not just the revenue sharing model that makes Zig stand out. The platform is also introducing a Zig debit card, which links directly to the holder’s token account balance, enabling real world purchases. This practical application adds significant utility to the ZIG token, beyond speculative price gains. Security is a top priority for Zig Network, and the project has undergone a third party audit of its smart contract to ensure investor safety. Furthermore, the team has implemented a token lock strategy, with liquidity locked indefinitely and team tokens locked for four years, signaling their long term commitment to the project’s success. The $ZIG presale is in stage 1, where each coin is going for a discounted price of $0.01. As the presale moves forward, demand and price for $ZIG tokens is expected to increase, so now is the perfect time to get in. Early buyers not only get $ZIG at a lower price but also set themselves up to earn more as the presale proceeds and even past the official launch. Conclusion The Zig Network ($ZIG) presale is making waves, especially among Litecoin ($LTC) and Cardano ($ADA) investors. With its revenue sharing model, staking rewards and governance features, $ZIG offers an exciting alternative to more traditional cryptocurrencies. Whether you want to diversify your portfolio or get in on a new DeFi project, Zig Network is an opportunity you won’t want to miss, join the presale today. To find out more about the Zig Network presale use the links below Participate in the Zig Network Presale Read the Zignet Whitepaper Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Bonk’s price climbed from a low of $0.00002185 to a high of $0.00002509, reflecting a 14% increase. Bonk is above the crucial support level of $0.000024 and faces resistance at $0.000026, a level it struggled to break since July. The global cryptocurrency market turned positive mid-Wednesday, with Bitcoin (BTC) hitting the $68K zone for the first time in three months, sparking enthusiasm among investors. This momentum also benefited meme coins, with Dogecoin (DOGE) and Bonk recording significant gains of 12% and 14%, respectively. The Solana-based meme coin BONK is leading the crypto market with a significant gain of 14% in the last 24 hours. The meme coin price surged from a low of $0.00002185 to a high of $0.00002509. At the time of writing, BONK is trading at $0.00002433, showing a slight retracement but still above the crucial level of $0.000024, which it struggled to surpass for over two weeks. Additionally, BONK’s daily trading volume has soared by over 36%, reaching $372.60 million. BONK 24-H Technical Analysis According to Bonk’s 4-hour price chart, there is bullish momentum for the memecoin. The 50-day MA crossed above the 200-day MA, “Golden Cross,” signaling a shift from bearish to bullish sentiment. This trend suggests that BONK could maintain its upward momentum in the short to mid-term. Further, the Moving Average Convergence Divergence (MACD) is above the signal line, adding a positive outlook. BONK Price Chart (Source: TradingView) If the upward trend continues, BONK’s price could propel to new highs in the next rally. However, challenges remain. Currently, BONK sees a key resistance level at $0.000026, a threshold that must be surpassed to maintain its upward momentum. Achieving this level may be difficult, as it previously attempted to reach it on October 1, but retraced and traded between $0.000019 and $0.000023. Furthermore, the current trend has faced obstacles, with the memecoin dropping below its intraday high, which was above $0.000025. However, an RSI reading of 65 indicates that the asset is experiencing a moderately strong bullish trend. In that case, if BONK breaks through the $0.000026 level, the next targets are set at $0.000028 and $0.000035, making these crucial levels for traders and investors to monitor during the potential breakout. Conversely, if BONK fails to hold its uptrend it could establish a support level of around $0.00001975, which may act as a safety net if the price experiences a downturn. Highlighted News Of The Day Vitalik Buterin Maps Out Ethereum’s Future with ‘The Surge’

For a reasonable amount of time, Dogecoin (DOGE) has been by far the most popular cryptocurrency that has gained massive popularity due to how it began and the sponsorship by the likes of Elon Musk. The question that has persisted in the minds of many investors is this: which year does everyone anticipate DOGE to hit one dollar? In the case of ChatGPT, DOGE dollar value can be achieved in two main conditions – at the height of hot speculation in the market or at the time of strong inflows of capital into the cryptocurrency industry. Yet in conversational exchanges with ChatGPT, there was no specific date assigned to this event occurrence.While the dream of Dogecoin reaching the $1 mark still remains elusive, there’s another crypto project gaining traction that might yield higher returns in the year 2025 – Rexas Finance (RXS). Such a utility does not apply to Dogecoin which began in a meme but Rexas finance is structured towards RWA tokenization which cuts across the boundaries of conventional finance and blockchain. Such a decentralized finance emerging project may yield more stable and profitable returns to those who invest early on. Rexas Finance’s Explosive Growth in Presale Rexas Finance has already shown incredible promise in its presale stages. Currently, in stage 4 of its presale, the price of RXS stands at $0.060, after surging by over 203% through previous stages. Investors who entered the presale early have already seen significant returns, and the token is expected to list at $0.20 once it hits the exchanges. For those who invest now at $0.060, the potential for a 4x ROI upon launch is compelling.The presale has been a tremendous success, with Rexas Finance raising over $2.9 million and selling out nearly 70 million RXS tokens. But ChatGPT’s prediction offers even more exciting potential. According to the AI, Rexas Finance could easily reach $1 after its official launch at $0.20, sometime in early 2025. If this prediction holds, that would represent a more than 16x return for investors who buy in at the current presale price. And it doesn’t stop there—ChatGPT predicts that RXS could climb even higher, potentially reaching $5, which would deliver an incredible 8,200% ROI for early adopters. The Future of Real-World Assets on the Blockchain Rexas Finance is more than another growing token where every other token seller hops on without direction. It is a project that seeks to address some of the relevant issues by making it possible for people to invest in as well as earn from the real world’s assets. If this means purchasing a slice of a commercial property or liquidizing and trading in-grade assets, say gold, the idea of Rexas Finance is empowering users to the most lucrative markets of the world at any location and any period.Due to the nature of the assets, the platform supports the launching of different types of tokens, including ERC-20, ERC-721, and ERC-1155. For those who need to tokenize real estate, bulk goods, art, etc., Rexas Finance can provide the needed features. Rexas Finance’s $1 Million Giveaway Rexas Finance is currently running a $1 million giveaway to reward its presale investors. 20 lucky winners will receive $50,000 each. Participating in the giveaway is simple: Submit your ERC-20 wallet address. Complete all the quests provided by Rexas Finance. Refer your friends and increase your chances of winning. Conclusion: Dogecoin or Rexas Finance—Which to Bet On? It is often argued that Dogecoin can pull off the remarkable feat of attaining the $1 mark. However, the only way this can ever happen is through market speculations and all the hype surrounding it. Rexas Finance on the contrary gives an opportunity with comprehensive real value through behind-the-scenes real-world asset tokenization. As predicted by ChatGPT, Rexas Finance is likely to give much better returns than that by the year 2025, more so to those who will be fast in the presale. Capitalize on the opportunity of investing in RXS and be part of this revolution of real-world assets that has the making of global transfusion. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Ethereum’s scaling phase aims for over 100,000 transactions per second. Layer 2 rollups and proto-danksharding enhance transaction efficiency. Vitalik Buterin, co-founder of Ethereum, has outlined the blockchain’s ambitious future in a two-part blog series. His latest post, “Possible Futures for the Ethereum Protocol, Part 2: The Surge, sheds light on the next major phase following Ethereum’s transition to Proof of Stake (PoS) in 2022. Known as “The Merge,” this previous milestone drastically reduced Ethereum’s energy consumption and was the first step in a broader plan to make the network more scalable and secure. In “The Surge,” Buterin highlights Ethereum’s focus on scaling solutions, specifically targeting transaction throughput. The post emphasizes the critical role of Layer 2 rollups—off-chain protocols that handle transactions before settling them on the Ethereum mainnet. Moreover, integrating shard chains and introducing proto-danksharding (EIP-4844) are key strategies for achieving Ethereum’s target of processing over 100,000 transactions per second (TPS), a significant leap from the current 30 TPS. This scaling effort is expected to make Ethereum far more efficient for decentralized applications (DApps), opening new avenues for adoption in finance, gaming, and more. Merge To Surge Buterin also addresses the future of cross-rollup interoperability and the importance of ensuring long-term security. These enhancements aim to keep Ethereum competitive in a blockchain ecosystem that increasingly demands lower fees and faster transactions. While “The Merge” laid the foundation by transitioning Ethereum to a PoS network, “The Surge” promises to build on that success by dramatically expanding the network’s capacity. Together, these phases are part of Ethereum’s broader goal to remain the leading platform for decentralized applications, while improving both performance and user experience. This road map reaffirms Ethereum’s commitment to evolving in line with the needs of its users and the broader blockchain industry. Meanwhile, ETH is trading at $2633 with a modest 0.38% surge and the trading volume is down 23%. In a week, it is up 9.45%. Highlighted News Of The Day Quantity Funds Launches Innovative US-based Bitcoin and Gold ETF

Robinhood has introduced the awaited desktop platform. It allows users to trade index options and futures on the benchmark S&P 500 index, oil and bitcoin. The fintech company Robinhood, democratized finance with commission-free trades has launched its desktop platform. The firm further introduced futures and index options trading on its mobile app, on Wednesday at HOOD Summit 2024. The firm aims to compete with the traditional brokerages. Robinhood CEO Vlad Tenev reveals that the first thousand early access spots to the firm were claimed in 46 seconds. Moreover, the trading platform offers users the capability to have up to eight charts in a single window with dozens of settings and access to the candle, line, and other chart types. Robinhood’s redesigned platform is available to users at no additional cost. Moreover, it offers advanced trading indicators with real-time data updating at sub-second intervals. Besides, it allows users to trade futures on the benchmark S&P 500 index, oil, and bitcoin, among others. Tenev further mentioned the accessibility of index options trading in the coming months, with extended-hours trading. JB Mackenzie, VP and GM of Futures and International at Robinhood mentioned that, with the lowest fees and a refined mobile user interface in the industry, it allows customers to trade quickly and efficiently. The Robinhood Gold subscribers can trade futures for as low as $0.50 per contract, while non-Gold customers should pay $0.75. Robinhood investors can benefit from the 60/40 tax rule, where 60% of gains are taxed as long-term capital gains. On the other side, the Robinhood expansion includes major cryptocurrencies such as Bitcoin and Ethereum, including Bitcoin contracts, micro Bitcoin futures, Bitcoin Friday futures, Ethereum futures, and micro Ethereum futures. Highlighted Crypto News Bitcoin Sends Buy Signals While Sustaining Uptober Price Rally

As Ethereum continues to trail behind Bitcoin’s ongoing recovery in price, it seems the second-largest cryptocurrency by market cap is experiencing some positive developments in the background. According to recent data from IntoTheBlock, large Ethereum holders, often called whales, have been actively accumulating Ethereum over the past month. The Quiet Accumulation Of ETH From Whales IntoTheBlock reported via its X account that Ethereum’s large holder net flow has increased notably over the past 30 days. Specifically, whale wallets, which hold more than 0.1% of Ethereum’s total supply, have recorded consistent net outflows, signaling “accumulation.” According to the data, net outflows were recorded on just three days in the last month, meaning these large holders were predominantly adding to their positions. In total, over 1.7 million ETH were accumulated during this period, with 175,000 ETH purchased in the last two days alone IntoTheBlock suggests that this strong accumulation behaviour from large holders typically indicates confidence in the asset’s long-term potential. Ethereum Price Performance And Outlook While large holders have been expressing confidence through their accumulation behavior, Ethereum’s price appears to be gradually reflecting this phenomenon. Over the past week, Ethereum has added around 5.9% to its value, reclaiming its ground above the $2,600 price mark. In the last 24 hours, the asset has seen a slight increase of 1.3%, bringing its current trading price to $2,616, at the time of writing. Additionally, Ethereum’s daily trading volume has also increased significantly in the past week from below $14 billion last Wednesday to currently above $18 billion as of today. Amid this price performance, crypto analyst CrediBULL shared his latest outlook on Ethereum. In a post on X, the analyst expressed concerns over Ethereum’s relative weakness against Bitcoin. CrediBULL noted that while Ethereum showed some initial signs of strength, it failed to clear local highs during the most recent rally. This underperformance has led the analyst to believe that Ethereum may continue to struggle against Bitcoin in the short term. Featured image created with DALL-E, Chart from TradingView

Bitcoin price factored in an additional 0.42% increase in the last 24 hours. The cryptocurrency has seen several whale movements over the past few days as per reports. As another day dawns, several firms released cryptocurrency data for Q2 and other reports. According to Aspen Digital’s research, 94% of Asian private wealth owners are interested in digital asset investments. Relatedly, in Thailand, Siam Commercial Bank became the first to offer stablecoin-based cross-border payment services. Meanwhile, reverting to the market itself, prices have sustained bullish movements, reassuring investors. The largest cryptocurrency, Bitcoin, in particular, has shown significant progress in prices. In the last 24 hours, BTC revisited $68K momentarily, eliciting much applause from the community. Bitcoin has factored in an additional 0.42% price increase in the past day. The token hit a low of $66,938 on the morning of October 16. Following this, factoring in the price fluctuations, it progressively hit $67K and is currently trading at this level. At the time of writing, Bitcoin was trading at $67,381 as per CMC data. This price action has instigated a buy signal in the cryptocurrency as indicated by several market movements. Firstly, the token’s RSI stands at 66.77 which leads to an inference of Bitcoin leaning towards a slightly overbought situation. Additionally, in the past day, several BTC whales have exhibited movements according to Whale Alert reports. Particularly, one whale showed activity after nearly 13.3 years of dormancy. What are Technical Indicators’ Specifications for Bitcoin Price? On inferring Bitcoin’s daily monthly price chart, the candles depict an ascending channel pattern. This pattern indicates an existing bullish trend in the token. Moreover, the bull run is further highlighted by the bull power indicator’s value – 1.48. Meanwhile, the bear power indicator’s value stands at 0.52 as per TradingView data. BTC/USDT Daily Price Chart (Source: TradingView) These indicators suggest a positive sentiment for Bitcoin which also falls in line with market analysts’ predictions. Furthermore, historical data suggested that bull cycles began in October thus the Uptober rally expectations. If Bitcoin price intersects with community expectations it can be expected to inch closer to its ATH in the coming months. Meanwhile, other cryptocurrencies such as Ethereum and Solana have also followed Bitcoin with bullish price movements. Highlighted Crypto News Today: Quantity Funds Launches Innovative US-based Bitcoin and Gold ETF

Following the market’s recent performance, Ethereum (ETH) attempted to break out of a bullish formation. Some analysts believe the cryptocurrency is preparing to catch up with Bitcoin and aim for March highs. Ethereum Getting Ready To Challenge BTC This week, Ethereum has successfully reclaimed the $2,500 support zone following the market’s recent performance. The second-largest cryptocurrency by market capitalization has seen an 8.6% increase in the last seven days, moving from the $2,300-$2,400 range to the $2,600 mark. In the last 24 hours, ETH has retested the $2,600 resistance level, currently holding it as support as it attempts to reclaim the $2,700 price range. This zone is the next crucial level, as the cryptocurrency hasn’t successfully broken above it in nearly three months. Market analyst CryptoWolf pointed out that Ethereum has been rejected from the local top around this level twice since August’s market crash, making it the next big resistance to break. However, once the zone is cleared, ETH’s price is “heading straight to the 3500s” since the analyst considers that the $3,000 mark “won’t stand a chance.” Similarly, crypto analyst Alex Clay suggested that the King of Altcoins is about to “catch up on BTC” and rise toward $3,500. To the analyst, Ethereum completed its local accumulation within the $2,100-$2,700 range, and “it’s ready to switch the short-term trend for the bullish.” Other market watchers also suggested that the market is near the bottom after the sideway moves, based on the ETH/BTC chart. Tony Research stated that the chart “suggests that altcoins are currently cheap relative to Bitcoin. An increase in this chart will positively affect altcoins and their prices.” As the investor pointed out, altcoins could see significant growth during Q1 2025 since Q4s have historically been Bitcoin’s best time to grow. ETH Attempts Breakout From Bullish Pattern Analyst Crypto Yapper noted that Ethereum is trying to break from its consolidating formation. The cryptocurrency has been within a three-month symmetrical triangle pattern, and it attempted to break above the upper trendline on Tuesday. Yesterday, ETH rose momentarily above the trendline after hitting $2,688 but quickly retraced to $2,550. Ethereum tried another breakout from the symmetrical triangle upper trendline on Wednesday, surging above $2,630 before settling around the $2,600 support zone. To the analyst, Ethereum will target the $2,900 mark next if it breaks out of this formation. Recovering this level could propel ETH’s price to its March highs, as the $2,900-$3,000 price range was a key support zone during the rally’s first leg. Meanwhile, season trader Peter Brandt recently highlighted an inverted Head and Shoulders (H&S) pattern on ETH’s chart. The trader signaled that an H&S bottom is forming, also suggesting a massive breakout might be imminent. As of this writing, ETH is trading at $2,612, a 1% increase in the daily timeframe.

As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle high of 58.9%. The last time the crypto market witnessed this level of BTC.D was in April 2021. After a slight pullback following Iran’s attack on Israel earlier this month, Bitcoin has risen by almost 10% in the past week, trading at $67,769 at the time of writing. Concurrently, the total crypto market cap has surged from $2.26 trillion on October 8, to $2.41 trillion on October 16, according to data from CoinGecko. However, the rise in the total crypto market cap is largely buoyed by the upward movement in BTC price. At the start of October, BTC.D hovered around 57.1%. Since then, it has risen by approximately 1.8%, showcasing Bitcoin’s strong performance relative to altcoins such as Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and others. The current level of BTC.D has cast doubt on the prospects for the much-anticipated “altseason,” typically characterized by parabolic price increases in altcoins and a decline in BTC.D. Notably, BTC.D peaked at 70% during the post-COVID bull market in 2020-21 before dropping to 40% by mid-2021. In late 2022, BTC.D bottomed out at around 39% amid the collapse of FTX, which halted operations due to fraud charges against its leadership. Since then, BTC.D has been on a gradual rise, as shown in the chart below. ETH/BTC Ratio Must Rebound For A Potential Altseason As BTC.D continues to rise, it is important to consider the ETH/BTC trading pair. For the uninitiated, the ETH/BTC trading pair – colloquially known as the ETH/BTC ratio – tracks Ethereum’s (ETH) performance against BTC. At press time, ETH/BTC trading pair stands at 0.0385, a level last seen in April 2021. The chart below shows that Ethereum has failed to establish a higher high against Bitcoin since at least November 2022, reflecting weak ETH price action over the past two years. A strong ETH performance against BTC often precedes an altseason, but there are no clear signs of a meaningful trend reversal. Further, the total value locked (TVL) in decentralized finance (DeFi) protocols across all blockchains has slid from almost $110 billion in June 2024 to $88 billion, indicating weak demand for altcoins among crypto investors. However, some crypto analysts and technical indicators still suggest a potential altseason may be on the horizon. For example, earlier this month, the altcoin market cap surpassed its 200-day exponential moving average (EMA), a key resistance level that signals strong altcoin performance in recent days. Similarly, Steno Research recently remarked that ETH is set for a comeback following the US Federal Reserve (Fed) interest rate cuts. BTC trades at $67,769 at press time, up 2.5% in the past 24 hours.

As the week progressed, the Bitcoin (BTC) price steadily climbed toward its all-time high of $73,700 in March of this year. This upward momentum is in line with the predictions of various market experts, expecting significant gains for the leading cryptocurrency by the end of the year. One such expert, crypto analyst Gert van Lagen, recently shared his insights on Bitcoin’s price trajectory via social media platform X (formerly Twitter). He analyzed BTC’s parabolic curve and identified a distinctive step-like formation pattern, which he believes signals a colossal wave 5 rally in the coming months. Potential ‘Shake-Out Of The Century’ In his analysis, van Lagen presented a Bitcoin chart demonstrating that the cryptocurrency has successfully navigated several hurdles since April 2023. He categorized the price movement into three distinct phases, marking the base of the uptrend pattern that has ignited the current bullish trend. Currently, van Lagen notes that Bitcoin’s price action is centered around base 4 of this pattern, indicating a consolidation phase between the $53,700 and $68,000 levels, with the former identified as bull market support for this cycle. Van Lagen asserts that the validation of Wave 4 is imminent as Bitcoin approaches its record peak. He predicts that once Bitcoin breaks through base 4 and achieves a new all-time high, it could trigger a substantial rally in wave 5, potentially targeting prices around $250,000. However, the analyst also warns of a significant downturn that may follow this surge. He suggests that once Bitcoin reaches the anticipated peak, a “recession” could ensue, with price targets plummeting to as low as $10,000, and in a more extreme scenario, down to $1,000. He describes this potential decline as the “shake-out of the century,” should these projections materialize. In the medium term, the increased volatility that has characterized Bitcoin’s price over the past month has prompted the analyst to explain that if Bitcoin fails to break through the $70,000 resistance level – a barrier it has struggled with in four previous attempts – then the $57,500 level will serve as a crucial support level for the cryptocurrency. Historical Patterns Suggest Bitcoin Price Increases Ahead In another sign of confidence in the biggest cryptocurrency’s prospects for further gains, Blockforce Capital’s Brett Munster noted that conditions are ripe for a “perfect storm” favoring Bitcoin and other cryptocurrencies after six months of price consolidation. Munster highlighted the role of global liquidity in this potential surge, pointing to increased capital injections from central banks worldwide. Notably, China has implemented stimulus measures to revitalize its economy. Historical data suggests that when global liquidity surpasses its moving average, it often coincides with substantial price increases for Bitcoin. In addition, optimism in the crypto market is further bolstered by a commitment from US Vice President Kamala Harris to support a regulatory framework for cryptocurrencies in response to long-standing concerns from the crypto community regarding the regulatory environment. At the time of writing, BTC has been trading at $68,300, up 3.6% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com

Dogecoin is rising above the $0.120 resistance zone against the US Dollar. DOGE is now showing positive signs and might clear the $0.1280 resistance. DOGE price started a fresh increase above the $0.1200 resistance level. The price is trading above the $0.1220 level and the 100-hourly simple moving average. There was a break above a major declining channel with resistance at $0.1170 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1250 and $0.1280 resistance levels. Dogecoin Price Regains Traction Dogecoin price started a fresh increase above the $0.1100 resistance zone. DOGE gained traction for a move above the $0.1200 resistance zone, beating Bitcoin and Ethereum. There was also a move above the $0.1250 and $0.1265 resistance levels. During the increase, there was a break above a major declining channel with resistance at $0.1170 on the hourly chart of the DOGE/USD pair. The pair traded as high as $0.1297 and recently saw a minor downside correction. The price dipped below the $0.1265 level. It traded below the 23.6% Fib retracement level of the upward move from the $0.1101 swing low to the $0.1297 high. Dogecoin price is now trading above the $0.1200 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1280 level. The next major resistance is near the $0.1300 level. A close above the $0.1300 resistance might send the price toward the $0.1320 resistance. Any more gains might send the price toward the $0.1350 level. The next major stop for the bulls might be $0.1400. Are Dips Supported In DOGE? If DOGE’s price fails to climb above the $0.1280 level, it could start another decline. Initial support on the downside is near the $0.1235 level. The next major support is near the $0.1200 level and the 50% Fib retracement level of the upward move from the $0.1101 swing low to the $0.1297 high. The main support sits at $0.1175. If there is a downside break below the $0.1175 support, the price could decline further. In the stated case, the price might decline toward the $0.1150 level or even $0.1120 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.1235 and $0.1200. Major Resistance Levels – $0.1280 and $0.1300.

DogWifHat (WIF) is emerging as one of the top meme coins in the market, currently testing a critical liquidity level that could propel the price to new highs. As the broader crypto market navigates a period of volatility and uncertainty, traders eagerly search for confirmation of a potential rally. WIF, which has gained significant traction in recent months, is now at a crucial point where the next move could define its short-term future. Prominent analyst and investor Ali Martinez has shared insightful data suggesting a bullish outlook for DogWifHat. Metrics point toward a rise in price action, which could lead to a breakout, with WIF potentially surging to the $4 mark if momentum continues to build. However, the coming days will be key in determining whether a bull trend can be confirmed as market participants await signs of sustained upward movement. All eyes are on WIF to see if it can capitalize on this moment and rally to new heights. DogWifHat Turning Point DogWifHat (WIF) is at a critical turning point, with its price hovering just above the $2.5 mark, a crucial psychological level for confirming an ongoing uptrend. Investors and traders are closely watching this level, as its ability to hold will determine whether WIF pushes to new highs or retraces to lower demand zones. Top analyst Ali Martinez recently shared a technical analysis on X, revealing that a buy signal has appeared for WIF on a key indicator, the TD Sequential. The TD Sequential, known for accurately predicting trend reversals in the crypto market, has previously been spot-on for DogWifHat. According to Martinez, this new buy signal could be the catalyst that sends WIF into a bullish phase, fueling optimism among investors. The overall sentiment in the market is also leaning toward a potential surge as volatility continues to rise and other major cryptocurrencies show signs of life. Martinez’s analysis supports the growing belief that WIF could be on the verge of a breakout, especially if it holds the $2.5 level. However, if the price fails to maintain this support, investors expect a drop to lower demand levels. In the coming weeks, WIF’s price movement will be pivotal in determining whether the meme coin continues its upward trajectory or faces further corrections. WIF Technical Analysis WIF is currently trading at $2.62 after experiencing a few days of volatile price action within a sustained uptrend. On Monday, the price set a new high at $2.97 but has since retraced slightly and is now testing crucial demand at a previous resistance level of around $2.5. This level is key for bulls, as holding above $2.5 would maintain the upward momentum and set WIF up to target the $3 mark, in line with the broader market’s continued push upward. However, should WIF fail to hold the $2.5 level and close below it, this could indicate a shift in the price structure and signal the start of a correction. Traders are keeping a close eye on these levels, as a drop below $2.5 would suggest weakening bullish momentum and the potential for a pullback to lower support areas. The next few days will determine whether WIF continues its uptrend or faces a short-term retracement. Featured image from Dall-E, chart from TradingView

XRP price is still struggling to clear the $0.5550 zone. The price must settle above the $0.5550 resistance to start a steady increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5435 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Holds Support XRP price made another attempt to clear the $0.5550 resistance zone. However, the bears remained active below $0.5550 and there was no upside break. The price corrected some gains like Bitcoin and Ethereum. There was a move below the $0.5500 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high. However, the bulls are active and protecting more losses below $0.540. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5435 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5377 swing low to the $0.5537 high. On the upside, the price might face resistance near the $0.5500 level. The first major resistance is near the $0.5520 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5650 resistance. Any more gains might send the price toward the $0.5840 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.5550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level and the trend line. The next major support is near the $0.5350 level. If there is a downside break and a close below the $0.5350 level, the price might continue to decline toward the $0.5265 support in the near term. The next major support sits near the $0.5180 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5400 and $0.5350. Major Resistance Levels – $0.5500 and $0.5550.

Bitcoin has been experiencing a notable increase in network activity, as indicated by a surge in active addresses. Data shows that the cryptocurrency has seen a resurgence in user engagement following a sluggish performance during July and August since the start of September. With this uptick in activity, it is worth assessing Bitcoin to see what this development could spell for the asset’s price trajectory. The Increase In Active Addresses A CryptoQuant analyst, who goes by the pseudonym Crazzyblockk, recently highlighted this trend on the CryptoQuant QuickTake platform, emphasizing that the spike in active addresses is a promising sign for Bitcoin. According to the analyst, the “Bitcoin Active Address Momentum” metric, which compares monthly and yearly moving averages of active addresses, has shown a significant rise, indicating a positive shift in network activity. For context, the Bitcoin Active Address Momentum metric is used to track changes in the level of user activity on the network. By comparing monthly and yearly moving averages, the metric helps detect increased or decreased engagement patterns. In this case, Bitcoin’s active addresses have surged above both the monthly and yearly moving averages, marking a potential turning point for the network. What This Surge In Active Addresses Means For Bitcoin Crazzyblockk explained that while it is challenging to correlate the rise in active addresses with price performance directly, this growth represents a broader trend of renewed interest in Bitcoin. Historically, spikes in active addresses have been associated with increased demand, often preceding or occurring during bullish market cycles. This surge in user participation may signal a growing demand for Bitcoin, potentially fueling a more sustained upward movement in price. Meanwhile, although Bitcoin’s price performance throughout the summer months was lackluster, increasing active addresses may catalyze a renewed bullish phase. The analyst further noted that increased network activity is often critical to long-term price growth. Therefore, this spike in active addresses is a positive development that should be monitored. Network activity is often viewed as a key indicator of market sentiment and investor interest. The market may be gearing up for another expansion phase, with user engagement increasing. This could also impact other cryptocurrencies, as Bitcoin’s price trends often influence the entire crypto market. So far, Bitcoin seems to be gradually reflecting the implication of this increase in network activity. Over the past week, the top crypto has risen by nearly 10% as it trades above the $67,000 price. Featured image created with DALL-E, Chart from TradingView