Bitcoin (BTC) price is trading 7% lower than the local high of $66,508 reached on September 27, but some analysts believe this correction could be a reset for key indicators as BTC prepares for a massive rally in the fourth quarter of 2024. I’m optimistic that it can happen.“Bitcoin is near all-time highs, but valuation metrics are all down from extreme overbought in March to around 17-75% on a 4-year Z-score,” said Jamie Coutts, senior cryptocurrency analyst at Real Vision. X’s post from October 1stCoutts mentioned an on-chain metric called the market-to-realized value (MVRV) Z-score, which shows the relative position…
Author: Crypto Flexs
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In the dynamic world of online trading, finding the right platform is important. Finzilo.com It is a platform that is attracting attention because it offers a variety of services and a variety of markets. This article provides a detailed review of all the features Finzilo offers, from account types to customer service.What is Finzilo.com? Finzilo.com is an online trading platform that provides a gateway for traders to access various financial markets. It offers a user-friendly interface, tools and resources for both beginners and experienced traders. The platform is designed for versatility, allowing users to access multiple markets and choose account…
Cryptocurrency index fund manager Bitwise has filed for a spot exchange-traded fund that will provide investors with exposure to tokens. XRP -2.98% .“We can confirm that this is our registration,” Matthew Hougan, Bitwise’s chief investment officer, told The Block Tuesday. “Registering a trust corporation in Delaware. I can share more details and comments tomorrow.”Documents for an entity called Bitwise XRP ETF, with CSC Delaware Trust Company as its registered agent, were filed Monday with the Delaware Department of State’s Department of Corporations. A spot XRP ETF has never previously been approved by the U.S. Securities and Exchange Commission, and would…
A cryptocurrency strategist who has strengthened his following since Bitcoin (BTC) bottomed in 2018 believes one memecoin is poised to spark more upside. Pseudonymous analyst Bluntz told his 277,200 followers on social media platform The trader shares a chart that suggests PEPE will bounce close to $0.000014 before ending its five-wave surge. “A little PEPE dip was nice on this sunny Sunday evening. I think we’re going to hit bottom around here soon. “I think we still have a long way to go, and this is an absolutely monster trend.” Source: Bluntz/X Bluntz practices Elliott Wave Theory, which states that…
james ding September 30, 2024 19:34 Learn how to participate in Filecoin (FIL)’s grant initiative, FIL-RetroPGF-2, as well as the key steps and deadlines. The Filecoin (FIL) community has launched FIL-RetroPGF-2, a grant initiative to recognize and reward influential contributions to the Filecoin ecosystem, Filecoin said.From April 2024 to September 2024, projects with significant impact will have the opportunity to gain visibility, receive feedback, and receive funding. This round progresses through several key stages designed to help projects demonstrate value and gain community support.Key Stages of FIL-RetroPGF Round 2Step 1: Project ShowcaseDates: September 30,…
Solana’s native token, SOL (SOL), peaked at $161.80 on September 29 and then fell 9% over the next two days to its highest in seven weeks. This adjustment reflected the broader altcoin market capitalization (excluding stablecoins), which reached around $800 billion in late September before falling to $739 billion on October 1.SOL prices are trending upward with strong TVL and low feesDespite this downturn, Solana network usage surged last week, leading traders to question whether SOL has the potential to outperform its rivals.Solana/USD (blue, left) versus altcoin market cap (green). Source: TradingViewNotably, despite the recent correction, SOL’s price is up…
Iris Coleman October 1, 2024 05:36 Binance announced the October Mission, giving users the chance to share 2,000,000 Binance Points by completing various tasks during the activity period. Binance has launched its October Mission, giving users a chance to share in a 2,000,000 Binance Points reward pool. According to binance.com, this mission is part of Binance’s monthly missions, which are updated twice a month and offer a variety of tasks that users can complete to earn points. Activity period The current mission’s active period is from 00:00 on October 1, 2024 (UTC) to 23:59…
DIA has a bullish structure and high buying pressure. Rejection of weekly resistance and a 16% drop meant the market may be overextended. Decentralized Information Asset (DIA) has surged on the price chart. Since September 29th, the token has increased by 68% and trading volume on Monday was 16 times the volume on September 28th. The token has reached a resistance area on the weekly chart after this massive rise. Bitcoin (BTC) movement helped DIA sentiment. Should long-term holders cash out or wait for bigger gains? Examples of continuous movement Source: DIA/USDT on TradingView The strong and rapid surge has…
Tushar Jain, managing partner at Multicoin Capital, said in a conversation with Fortune’s Leo Schwartz at the Messari Mainnet Conference that the cryptocurrency venture capital sector has yet to catch up with the realities of the last market downturn. “I would say there is still a hangover in the market that needs to be resolved,” Jain, who worked at Multicoin 2017, said on stage. “This is true across all ventures, not just cryptocurrencies. There’s a lot of money pouring into the venture asset class in 2021 and 2022, and a lot of people don’t want to take the pill yet.”…
Solana’s native token, SOL (SOL), peaked at $161.80 on September 29 and then fell 9% over the next two days to its highest in seven weeks. This adjustment reflected the broader altcoin market capitalization (excluding stablecoins), which reached around $800 billion in late September before falling to $739 billion on October 1.SOL prices are trending upward with strong TVL and low feesDespite this downturn, Solana network usage surged last week, leading traders to question whether SOL has the potential to outperform its rivals.Solana/USD (blue, left) versus altcoin market cap (green). Source: TradingViewNotably, despite the recent correction, SOL’s price is up…