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😨 Extreme Fear? This Is NOT How a Market Top Looks The latest Bitcoin price action has flipped the majority bearish—but let’s take a step back: 🔹 Sentiment is worse than Luna & FTX crashes 🔹 Fear & Greed Index at crypto winter levels 🔹 Everyone convinced it’s “over” But real tops don’t feel like this. At the peak, the crowd will scream: 🚀 “Super cycle” 🚀 “Bitcoin to $1M” 🚀 “We’ll never see a bear market again” Sound familiar? Go study history. Right now, the chart looks eerily similar to early August’s shakeout—and we all know what happened next. 📉 A tap of the 21W SMA doesn’t break the bull trend 📈 Strong corrections are normal before parabolic moves Macro, adoption, and TA don’t support full-on bearishness. Don’t let short-term price action mess with your head. Now, eyes on the weekly/monthly closes—they’ll give us the real signal.

Celebrities have now become the new engine driving the Crypto train. From the Hollywood industry to sports legends, everyone wants to take a piece of the pie and hence delve into the glamour of Cryptos. The rise of celebrity endorsement of meme coins has captivated the Crypto community sparking both excitement and controversies. What began as a bull bucket in 2009 has now become hype-driven tokens tied by the popularity of celebrities supporting it. As these meme coins get traction, they often overshadow some of the big Crypto names in the industry. Today we will explore how these meme coins, which started as jokes at one point, have now become major players in the industry. Are Celebrity Influencing The Crypto Market? We all know how dynamic the crypto landscape is. The constant evolution is shaped by the ever-shifting trends and investors’ behavior. While this volatility was not enough, a new layer has been added with the concept of celebrity-backed meme coins. Influencers and public figure use their popularity and channels to promote these tokens, driving the prices to go wild. The massive wave of swings creates gaps in the market which investors flock in to fill. As these meme coins get traction, they often pull all the attention of the inventors overshadowing the main coins. And this is how it looks like – Celebrities launching their token, and fans flocking in to invest. Social media servers are used as the main media to promote these coins. With the hype price often skyrocket or crash. Thus creating or adding an additional layer of Volatility in the market. How It’s Shaping Investor Behavior Emotion has always played an important role in directing traders and investors to make decisions. With celebrities and popular public figures involved in meme coins, the meme coin craze has drastically shaped investors’ behavior. Celebrity-endorsed tokens showcase easy investment opportunities, luring in new investors who prioritize hype over the fundamentals. This shift in the investor’s behavior has changed the whole investing landscape from calculative investing to speculative trading. This shift in behavior has fueled investors to go for short-term gain over long-term profits. Social media play an influential role in amplifying these trends and making the prices swing from Earth to the Moon overnight. The key trends that drive these shifts are as follows – Social media sentiments often outweigh what is fundamentally right. FOMO that leads to impulsive decisions. Eyeing for short-term profit makes the market more volatile. Focus on the celebrity often covers the shortcomings of the meme coins. How Established Cryptos Losing the Spotlight? As meme coins take center stage, popular coins are sidelined. The early Crypto bull that was mainly driven by investment and new technological innovation ideas is now replaced by hype-driven tokens. This shift has slowed down the entire process for which Cryptocurrency was introduced in the market i.e., to establish a centralized financial network. The crypto market once full of hope of new technological innovations is now plagued by concerns. A few popular concerns are as follows – Established and stable Cryptocurrencies are now losing the limelight to volatile meme coins. Innovative projects are now losing funds to speculative assets. The pursuit of short-term profit has made the new breed of investors sighted. Key technological advancements are at risk of being overlooked. Crypto’s Future in a Meme-Driven Market Looking into the future, the Cryptocurrency market must adapt to the growing influence of the celebrity-backed meme coin. Striking a balance between trends and technological innovation is the key. Investor will need to invest more time in doing their research to understand the coins and navigate through the complex culture of the meme coin industry. Meanwhile, regulatory bodies will look to tighten scrutiny on the celeb endorsement. The post Celebrity Meme Coins Like TRUMP & LIBRA Killing the Crypto Bull Run appeared first on Coinfomania.

It is no secret that BTC has been struggling as of late. At this juncture, the token might test the $90K support. While some believe that the repeatedly tested support might hold, some suggest that the token might cascade lower, as it is already happening. Therefore, things can get messy at this point. On the other hand, sources suggest little resistance above the $95K mark. Therefore, this can be beneficial for the token if it decides to turn bullish. If the token changes its trajectory, it could rise at a meteoric pace. Right now, BTC is operating between $85k and $95k range. Therefore, some suggest that there is plenty of room for action. The Other Side Of The Court On the other side of the court is XRP, the third largest cryptocurrency in the world, which is showing interesting developments. In the last few hours, XRP has managed to drop by 14%. Some might even suggest that XRP’s situation is similar to the dollar’s. Source: Trading View However, comparing XRP with BTC, XRP is still doing better. Alternative cryptocurrency has found strong support against its leading counterpart, taking the 200-day moving average in a 12-hour time frame chart. The most important part of the deal is that XRP’s current price point is conducive to a bullish reversal. At press time, XRP’s RSI also looks better than BTC’s RSI. As a result, it is suggested that XRP is performing better overall than its competition. While some suggest that it is a natural price movement, others claim there is more to it than meets the eye. Hence, investors are watching XRP with the hope that round 2 for XRP’s bullish run is coming. The post XRP vs BTC: XRP Seems To Be Taking The Cake & Priming For A Bull Run appeared first on Coinfomania.

Bitcoin is still looking strong, inching up week by week, but bulls are finding it tough to push prices higher. The current market has been choppy, and many calling it a “no trade zone” until a clear breakout happens. According to an analyst, to trigger the next big move, bulls need to break out of the top of the current range, around $104K. If this plays out, it could fire up bullish momentum and start off a major price increase. 🔸 Resistance at $97-100K: Bears Could Take Over However, Bitcoin has run into repeated rejections near the $97-100K range. A promising push was stopped cold when the unfortunate Bybit hack undercut any weekend price corrections. But Bitcoin may get back on track with its upward trend and target the $102-103K range. If Bitcoin can’t break higher soon, the tables could turn in favor of bears, with the price potentially dipping to the $83K range. 🔸 Bitcoin Cycle: Still on Track Despite Volatility Despite some deviations, the current Bitcoin cycle is still following a pattern similar to past bull runs, like those in 2017 and 2021. While there might be some volatility, the general direction points to the cycle being far from over. If Bitcoin manages to hold onto important support levels, the trend will likely continue. For now, everything seems to be going as expected based on previous market cycles. Looking forward, Bitcoin could catch up, especially if gold starts to pull back. Bitcoin dominance remains a key factor in how the market is shaping up, as its rise is weighing down altcoins. 🔸 Altcoin Market Cap: Analyst Sees “Promising” Upside On a brighter note, according to analyst Michael van de Poppe, the altcoin market capitalization looks promising for upward continuation. If it stays above $750 billion, the market could move toward the next big impulse. Right now, altcoins are in a “depression stage,” with the bull run yet to begin. #Altcoin #Altcoins