A widely respected cryptocurrency strategist believes one little-known Ethereum (ETH) challenger will hit his massive price target this cycle. Pseudonym trader Rager tells his 199,100 followers on social media platform X that he is bullish on layer 1 protocol Fantom (FTM). Rager shares a chart that suggests FTM will hit its target price of $3.31 around April. “Are you late to the market? People who say that aren’t looking at FTM charts. And yes, I think that’s a real goal for the next six months.” Source: Rager/X As of this writing, FTM is trading at $0.71, which represents a potential…
Author: Crypto Flexs
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Cardano price started a new decline below the $0.3565 area. ADA is consolidating above $0.3420 and may attempt a recovery. ADA price began a decline below the $0.3520 support level. The price is trading below $0.3500 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair (data source from Kraken), a breakout occurred above the main bearish trendline with resistance at $0.3460. A recovery could be attempted once it breaks out of the $0.3520 resistance area. Cardano price consolidates losses After testing $0.3700 resistance, Cardano struggled to hold higher levels. ADA, unlike Bitcoin and Ethereum, formed…
Bitcoin has been rising steadily since crossing $60,000 and is currently approaching the $70,000 level, a price it has not reached for several months. As market sentiment heats up, investors are wondering whether Bitcoin has the power to hit new all-time highs or whether it will struggle to break through key resistance levels.healthy emotionsThe Fear Greed Index is a useful tool for understanding market sentiment and how traders view Bitcoin’s trajectory. Currently, the index is at a “greed” level of around 70. While this has historically been seen as a positive sign, it is still quite far from the extreme…
Felix Pinkston October 16, 2024 11:42 Explore the latest trends in the cryptocurrency market, including Bitcoin ETFs, Ethereum staking, and stablecoins, highlighted in Q4 reports from Glassnode and Coinbase. The latest Q4 ‘Crypto Market Guide’ from Glassnode and Coinbase Institutional reveals important trends shaping the cryptocurrency landscape. The report highlights the growing institutional participation in Bitcoin ETFs, the significant increase in Ethereum staking, and the pivotal role of stablecoins in driving market activity. Institutional interest in Bitcoin ETF The report highlights a notable surge in institutional interest in Bitcoin, particularly through spot ETFs. During…
The fear and greed index was 73, indicating increased market optimism. Despite rising greed, the overall cryptocurrency market cap remains strong at $2.23 trillion. The fear and greed index was 73 at the time of reporting, indicating that the market was in a state of greed. This optimism suggested that many investors were confident about further price increases. Concerns are also raised about potential market overheating. Market potential overheating AMBCrypto’s analysis of Glassnode’s Crypto Fear and Greed Index highlights a reading of 73, indicating that the market is moving deeper into greed territory. This heightened greed can often be a…
Wang Long Chai October 16, 2024 12:02 According to Tether.io, Tether’s USDT adoption will reach over 330 million on-chain wallets by the third quarter of 2024, demonstrating its global reach as a digital asset. Tether’s USDT stablecoin has seen significant growth, marking an important milestone in cryptocurrency adoption. According to Tether.io, by the end of the third quarter of 2024, over 330 million on-chain wallets and accounts had received USDT. These numbers reflect the U.S. population. User Adoption Milestones USDT’s user base has expanded rapidly, with each quarter surpassing the previous in terms of…
The Pump.fun team, a popular memecoin distribution platform on the Solana (SOL) network, recently announced its upcoming token launch and a newly upgraded trading terminal called “Pump Advance” at the X Spaces event on October 19th.The Pump team did not provide a specific timeline for future token launches. However, additional information has been provided about the recently unveiled Pump Advanced platform.According to the announcement, Pump Advance features mini-charts, data on top holders, and social indicators to help traders sift through the millions of memecoins currently competing for attention. The team also announced a 0% first month fee and improved login…
Cryptocurrency markets have fluctuated this week amid continued volatility. Altcoins showed a rapid rise, recording double-digit growth. Some tokens fell slightly, making investors cautious amid mixed sentiments. This week has been a turbulent one for the cryptocurrency market, with major players like DOGE, ETH, and SOL seeing big gains, while others like TRON and Avalanche are seeing modest declines. Although DOGE is making headlines with its impressive performance, overall market sentiment remains cautiously optimistic. Altcoins have enjoyed a strong rally alongside Bitcoin, and are continuing a steady, albeit slower, rise than DOGE. However, not all tokens are getting their day…
Caroline Bishop October 16, 2024 12:28 BNB Chain announces its final sunset plans for the BNB Beacon Chain and urges asset holders and exchanges to migrate their assets to the BNB Smart Chain before mid-November to avoid losses. The BNB Chain community has announced plans for the final sunset of the BNB Beacon Chain, scheduled for mid-November. According to the BNB Chain blog, validators will cease operations and stop all new transactions on the BNB Beacon Chain. This decision is part of the strategic BNB Chain convergence, which aims to increase network efficiency and…
Bitcoin (BTC) is up about 9% this week, indicating strong buying momentum. The upward move faces resistance near $69,000, but bulls are in no hurry to exit their positions. This means buyers are expecting the rally to expand further.Trading firm QCP Capital told subscribers of its Telegram channel that rising U.S. stock markets and a weakening trend in the Japanese yen are likely to increase sentiment about risk leading into the U.S. election. This will “push risk assets higher and support the Uptober narrative,” the company added.Daily view of cryptocurrency market data. source: Coin360Another positive impact for Bitcoin is that…