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Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
We’re finally in “Uptober”. Historically, October is a bullish month, with BTC having an average gain of 22.9% in 8 out of the last 9 Octobers. A similar increase would take us above 78k, breaking all-time highs. While ETH also tends to perform well in October, its average returns over the past 8 Octobers have been approximately 5%. However, we observed a significant amount of ETH October Calls being purchased this morning. BTC has been trading within the 60k-70k range for 8 months now. Will Uptober be the month we finally see a big breakout? The market is considering this possibility, especially with the US elections around the corner. Spot ETF inflows remain consistently positive, and perp funding is approaching levels reminiscent of Q1’s bull run. Trade Idea Trade the Uptober ATH Breakout with a BTC Call DIGI (75k 25-OCT) Payout: 6.5x Spot Ref: 64,000
Asia ColourBitcoin enters the highly anticipated bullish Q4. Analyst highlights the global liquidity index breakout and its effect on BTC price. He also goes on to highlight the top 10 100x altcoins projects for this bull run. Bitcoin faces healthy correction after a bullish 8% green September close. As analysts shift focus on altcoins to determine what moves to expect next and which altcoins will move the fastest, one analyst highlights a few altcoins with massive potential as Bitcoin enters Q4 with heavily bullish predictions in its wake. Global Liquidity Index Break Out First Time in 3 Years In detail, the analyst marks how the Global Liquidity Index just broke out for the first time in 3 years and how this is a highly bullish signal that could 100x for a certain potential and capable altcoins. While the top prediction for BTC so far is $550,000 by 2026, predictions for altcoins are just as bold. The next Bull Run starts in Uptober 🔥 Global Liquidity Index just broke out for the first time in 3 years. Every $100 invested today will turn into $10,000 in a few months. Here’s a list of 10 coins with 100x potential👇🧵 pic.twitter.com/OVg5kG97QO — 0xNobler (@CryptoNobler) September 30, 2024 As we can see from the detailed post above, the thread starts with the analyst explaining global liquidity and how it offers a comprehensive overview of major central bank balance sheets worldwide. He then moves on to draw parallels with Bitcoin to highlight its bullish movement so far. Analyst Shares To 10 100x Altcoin Gems He says Bitcoin much like traditional markets also undergoes its own cycles of accumulation, markup, distribution, and markdown. Following that, he talks about how this October could be highly bullish, a move that could be triggered by FTX’s $16 billion payout. He then goes on to highlight some of his most bullish altcoins for the ongoing bull cycle. The analyst draws light to ORAI, RIO , TOKEN, DEAI, SUI, RENDER , HNT, FLT, ATH, and RVN as some of the top projects with 100x potential this bull cycle. Most of these coins reflect some of the most bullish crypto narrative like AI, DePIN , and RWA blockchain projects which are expected to take the lead in the coming bull run phase. Read CRYPTONEWSLAND on google news disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Bullish Uptober Expectations Pumps as Global Liquidity Index Breaks Out, Analyst Shares Bullish 100x Altcoin GemsBitcoin faces a healthy correction right after setting bullish September close. BTC sees many bullish signals pointing to highly green Q4. Silver-tongued analyst expects Bitcoin to bounce back very soon. Bitcoin (BTC) takes a healthy dip in price following the bullish September close where BTC price closed 8% above the price of a bullish close for the month of September. This, in the eyes of many crypto analysts, is a mega bullish sign that could lead to a highly parabolic new ATH for Bitcoin. Bitcoin (BTC) Sees Multiple Signs for Bullish Q4 With September closing in a bullish 8% pump, the expectations for a bullish Q4 are higher than ever before. Many analysts highlight that the current year for crypto is a Bitcoin Halving year. So far, every Bitcoin Halving year has seen the price of Bitcoin pump green in the three months of Q4. 80% of Octobers were green. 100% of election years had a green October, November and December. 100% of the years with a green September had a green October, November and December. September is green and this is an election year. Hard not to be bullish. pic.twitter.com/XTN2wBFDY0 — Kaizen (@KAIZ3NS) September 30, 2024 Presently, September has closed the highest it ever has and this paired with the fact that we are in a Bitcoin Halving year has further fueled the expectation for new parabolic highs for Bitcoin’s future. As we can see from the post above, one analyst highlights numerous reasons for traders and investors to be bullish. Firstly, the analyst highlights that 80% of Octobers are green, 100% of US Presidential election years lead to green Q4s and 100% of the years where September closes green leads to green Q4. With all these factors in play, it certainly would be a challenge to not be bullish on Bitcoin . Silver-Tongued Analyst Expects BTC Price to Bounce Soon So far, many seasoned crypto analysts and financial experts have shared their bullish takes on the future price of Bitcoin (BTC). According to one analyst, BTC price can hit $550,000 by 2030 when the pioneer crypto asset’s market cap will likely hit 8 trillion. This prediction was made by a silver-tongued analyst who made many accurate predictions in the crypto market. #BTC : Expecting a bounce from here pic.twitter.com/aj8ada2P8z Read CRYPTONEWSLAND on google news — Doctor Profit 🇨🇭 (@DrProfitCrypto) September 30, 2024 This same silver-tongued analyst now highlights the market’s present crypto market state saying a healthy correction is taking place. He expects BTC to bounce back soon at the $63,488 and expects BTC to shoot towards setting higher highs once again. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Bitcoin Sees Multiple Signals for Bullish Q4, Analysts Expects Bounce Back Soon as Healthy Correction OccursBitcoin ( BTC ) retargeted $64,000 on Oct. 1 after the BTC price monthly close set a new September record. BTC/USD 1-hour chart. Source: TradingView BTC price defies “Rektember” with 7% gains Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding after a brief trip below the $63,000 mark. Coming in at $63,300, the September monthly close sealed BTC price gains of 7.3%, per data from monitoring resource CoinGlass — Bitcoin’s best-ever ninth month of the year. BTC/USD monthly returns (screenshot). Source: CoinGlass While failing to flip $65,000 to support after hitting it last week, bulls nonetheless retained a key mid-term trend line in the form of the 21-week simple moving average (SMA). According to Keith Alan, co-founder of trading resource Material Indicators, doing so was key to avoid “opening the door to a retest” of the range lows. Source: Keith Alan “Losing the 200-Day MA is not a good sign, but holding the 20-Week MA (for now) is. Losing them both would be a sign of weakness,” he summarized previously in a post on X. Popular trader Daan Crypto Trades eyed changing order book liquidity , this stacking at $62,700 and $67,000, marking support and resistance levels, respectively. “Testing the Daily 200 Moving Average after breaking above it yet another tiime,” he continued , agreeing with Alan. “So far this year it has struggled to hold on to that level. Whether $BTC trades above or below is a good mid/high timeframe momentum and strength indicator.” BTC/USD 1-day chart. Source: Daan Crypto Trades/X On lower timeframes, fellow trader Roman was among those confident of upside continuation next. “Some nice bull divs now forming on H4,” he told X followers, referring to a bullish divergence between price and the relative strength index (RSI) indicator. As Cointelegraph reported , such scenarios often precede bullish BTC price performance. “Expecting some upward movement /chop which will hopefully give us upwards consolidation instead of our 1D deviation,” Roman forecast. Bitcoin dip-buying plans in full swing Others suggested “buying the dip” as a suitable short-term strategy, despite progress so far fading beyond $65,000. Related: New all-time high in 'Uptober?' 5 Things to know in Bitcoin this week “Bitcoin officially made a higher high by closing above $65,000 - on the weekly as well,” trader, analyst and podcast host Scott Melker, known as “The Wolf of All Streets,” noted . “Now we look for dips to buy as it potentially establishes another higher low. Altcoins largely look the same, backtesting their own key breakout resistances as support.” BTC/USD 1-day chart. Source: Scott Melker/X Crypto trader, analyst and entrepreneur Michaël van de Poppe meanwhile doubled down on his plan for a new Bitcoin all-time high to come. “Took the liquidity above the recent highs, and is coming back down,” part of an X post read before the monthly candle completed. “I think we're in a new uptrend, which means that dips are for buying. In that sense, if we get a retest at $60.5-61.3K, I'm interested before we test the ATH.” BTC/USDT 6-hour chart with RSI, volume data. Source: Michaël van de Poppe/X This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin all-time high target remains as BTC price bounces back to $64KHamburg, Germany, September 30th, 2024, Chainwire Impossible Cloud Network (ICN), the frontrunner in decentralized cloud infrastructure, announces the forthcoming launch of the Impossible Cloud Network Token (ICNT). The token will fuel ICN’s mission to reshape the global cloud landscape by empowering users to leverage enterprise-grade hardware through a decentralized, accessible ecosystem. Impossible Cloud’s enterprise platform is exponentially growing and recently surpassed 2 billion client operations generated by 800+ active business accounts. These milestones demonstrate the foundation on which Impossible Cloud Network (ICN) is building its decentralized cloud services, driving an ever-growing demand for the ICNT token and setting new standards for the industry. Breaking Barriers in Cloud Services ICN is designed to merge the power of decentralized web3 technology with the demands of web2 enterprises, making it the first true web3-based cloud solution with mass adoption from business customers. ICNT will be the driving force behind the protocol, enabling secure transactions, rewarding participants, and providing governance capabilities. This isn’t just about decentralizing the cloud – it’s about delivering a faster, more scalable, and more secure solution than ever before. Dr. Kai Wawrzinek, CEO and Co-Founder of Impossible Cloud, explains: “With ICNT, we’re not only revolutionizing cloud infrastructure – we’re creating a vibrant ecosystem where every participant has a stake in its success. This is the future of the cloud, and the community will play a vital role in its growth and development.” ICN’s Approach to Building a Decentralized Cloud Protocol ICN decentralized protocol connects hardware providers and cloud service users in a seamless platform. Whether you’re a business needing on-demand infrastructure or a hardware provider, ICNT facilitates all interactions on the network. SLA oracles play a crucial role in monitoring and ensuring network performance, guaranteeing that service-level agreements are met. The Impossible Cloud Network Protocol (ICNP) serves as the backbone, coordinating between hardware nodes, service providers, and SLA oracles to ensure the cloud is always secure, efficient, and cost-effective. A Thriving Ecosystem Backed by Real Demand Building on Impossible Cloud’s exponential growth of over 1 billion client file uploads & downloads in Q3/2024 already (and counting), the launch of Impossible Cloud Network (ICN) marks the next phase in expanding this proven demand into the decentralized cloud space. By using ICNT, participants not only access critical services but actively contribute to expanding the network, earning rewards and potentially influencing key decisions to shape its direction. ICNT: The Currency of a Decentralized Cloud Revolution ICNT is more than just a token – it’s the core of ICN’s decentralized cloud economy. From securing network resources to rewarding contributors and facilitating transactions, ICNT is designed to ensure the network’s continuous growth and security. Holders will also be given a voice through governance features, empowering them to shape the future of ICN. Early adopters and contributors can look forward to exciting incentives, including airdrops and token rewards, further integrating them into the platform – Users cam join ICN’s Discord to learn more . Users can visit icn.global and get a full understanding of the ICNT token distribution. The Future of ICN: Community, Milestones, and Strategic Partnerships ICN’s roadmap is packed with game-changing developments that are set to accelerate its growth and industry impact. Earlier this month, ICN announced a partnership with Aethir , a major player in decentralized GPU compute services. This collaboration enhances ICN’s existing object storage offering, creating a strong synergy that will propel both networks forward, driving innovation and adoption in the space. “This collaboration with ICN marks a pivotal moment in decentralized infrastructure,” says Mark Rydon, Co-Founder and CSO at Aethir. “By integrating our GPU compute services with ICN’s innovative cloud platform, we’re creating a seamless, scalable solution that will unlock new possibilities for enterprises and developers. Together, we’re pushing the boundaries of what decentralized technology can achieve.” With a growing community of over 25,000 followers across social platforms, ICN is building strong momentum as it prepares for upcoming milestones, including the launch of testnets, node drops, and token fairdrops. The launch of ICNT is just the beginning. ICN is committed to expanding its service offerings, building new partnerships, and making decentralized cloud services the go-to solution for enterprises and developers alike. With $18 million raised, ICN is set to become the #1 cloud provider, competing head-to-head with AWS and other centralized giants. For more information about ICNT and the Impossible Cloud Network, users can visit www.icn.global or join our ICNT’s on X and Discord . About Impossible Cloud Network Impossible Cloud Network (ICN) is a decentralized cloud platform that connects enterprise-grade hardware with cloud service providers, leveraging cutting-edge web3 technologies. Founded by successful serial entrepreneurs with a history of major achievements, ICN is already working with real clients and projects, aiming to deliver a new standard in cloud services by ensuring data security, integrity, and availability while reducing costs and enhancing performance for its users. Contact web3 Marketing Executive Sara Teixeira Impossible Cloud Network [email protected]
Impossible Cloud Network Launches ICNT: The Token Set to Disrupt the Future of the CloudBrett (BASED) Meme Coin has continued to grow in popularity since it officially launched on the Base Network. Despite being a relatively new crypto outfit, Brett already boasts of one of the largest market capital, and currently holds the 8th position among the top meme coins valued above $1B. Considering how far Brett token has come in just a few months, crypto experts are now looking towards another new market entrant– Cutoshi (CUTO), with similar disruptive potential. While it recently launched in the presale market, analysts are anticipating that it will become the next 100X token due to its unique DeFi attribute. Could this claim hold water? Let’s find out. Cutoshi Attracts Crypto Investors with Revolutionary DeFi Hub; Can it Mirror Brett Success? New presale star, Cutoshi (CUTO) has taken the spotlight in both the meme coin and DeFi market. As a MemeFi token inspired by Chinese Lucky Cat, Cutoshi adopted Satoshi Nakamoto’s teachings by prioritizing decentralization, privacy, and monetary freedom. Specifically, the Cutoshi ecosystem integrates DeFi elements, including a multi-chain exchange dubbed Cutoshi DEX, a farming mechanism, and a custom NFT marketplace, among other things, in order to ensure a continuous value generation. With its vast DeFi hub which also consists of an academy which aims to narrow the knowledge gap in crypto, Cutoshi is set to take over the meme coin market and attract significant traction even from the DeFi market. This ability to appeal to a diverse market sets it apart from other top meme coins like Brett. Meanwhile, the most interesting part of this project is the native $CUTO token which serves multiple functions. Besides serving as the governing token, the Ethereum-based cryptocurrency will also facilitate all transactions within the ecosystem, further suggesting that its tokenomic will support long-term value growth. At a current price of $0.015 in the initial token presale phase, Cutoshi is poised for significant growth, especially considering its adoption of a deflationary mechanism and limited token supply. Given its unique potential to scale up in the DeFi market, experts are already predicting Cutoshi to complete a 100X run post-listing, potentially surpassing the likes of Bretts, and other Ethereum-based tokens like Shiba Inu and Pepe. Brett Price Approaches its Year-to-Date ATH with Over 50% Rebound Despite taking a major hit after reaching its yearly peak at $0.19 sometime in June, Brett (BASED) token has continued to thrive, boasting a year-to-date price increase of over 170%. While the Base Network based cryptocurrency dipped below $0.06 due to a severe market downturn, it has since regained momentum in the past month. Currently trading within a weekly price range of $0.08 and $0.10, Brett price reflects nearly 24% increase in the past week and roughly 29% in the past month. This recent price surge has fast-tracked Brett’s recovery back to its yearly ATH as it is now 50% increase away from claiming the ground above $0.20 price mark. Can Cutoshi Replicate Brett Token Success Post-Listing? Brett token is arguably one of the most successful meme coins, which is evident in its fast-paced market capitalization to $1B. However, like most meme coins with no solid utility purpose, Brett could face a major roadblock in terms of sustainability. In contrast, Cutoshi’s ability to operate in diverse markets gives it a better edge at becoming the next 100X meme coin, with the possibility of outrunning Brett and other established altcoins. For more information on the Cutoshi (CUTO) presale: https://cutoshi.com/ Join and Become a Community Member: https://x.com/CutoshiToken https://t.me/cutoshi
Brett (BASED) Expected To Continue Growth As Crypto Experts Add Pick Cutoshi (CUTO) To Their WatchlistsBitcoin (BTC) has been unable to escape the downtrend it has been in for a long time since reaching its new ATH level in March. BTC fell below $50,000 in the early August crash, but has been holding firm above $60,000 since the Fed made its first rate cut in September. At this point, Bitcoin is expected to record a gain of at least 9% this September. Having only recorded positive growth in Septembers twice since 2013, this month’s gains would defy the negative trend and leave behind the negative trend that has seen Bitcoin close with declines eight times since 2013. As September is about to end and there is very little time left until October, generally known as the “Uptober” month for BTC, let’s take a look at the answers to the questions “Does Bitcoin like October? How did it perform in previous Octobers?” How Did Bitcoin Perform in Previous October Months? When we look at Bitcoin's performance over the years and months, we notice that declines are concentrated in certain months and increases are concentrated in certain months. When we look at the Bitcoin monthly return table above, we see that March, August and September are generally the months of decline, while February, July, October and November are the months of rise. At this point, when historical data is examined, unlike September, Bitcoin closed October with a loss in only two of the months since 2013, while it closed October with an increase in nine of the years, achieving gains of up to 60%. This situation also increased investors' Bitcoin expectations for October. Although Bitcoin started the new week with a decline, the upward trend experienced in October is expected to continue. Speaking to Coindesk, SOFA’s Augustine Fan said they expect the rise to continue and that the macroeconomic environment will continue to be supportive for crypto, saying: “We think the friendly macro backdrop will continue to be a strong tailwind for crypto prices in Q4, with cryptocurrencies’ correlations to macro assets remaining high, especially against the SPX. “We also remain optimistic about near-term price appreciation as Kamala Harris and her campaign talk about cryptocurrencies and investors shift to buy-low mode.” *This is not investment advice.
Bitcoin Defies History: BTC Prepares to Enter a Bullish Month! Will History Repeat Itself?Expectations for a new ATH in Bitcoin, which started to rise after the FED's interest rate cut in September and challenged the historical data for September, continue to increase. As investors’ expectations of $100,000 are revived, CleanSpark CEO Zach Bradford stated that he expects Bitcoin to reach a peak just below $200,000 this cycle. What is the New ATH Target for Bitcoin? Speaking to Bernstein, CleanSpark CEO Zach Bradford said he expects Bitcoin to reach a peak of around $200,000 within the next 18 months, The Block reported. “Based on my current analysis, I believe we could see a peak in Bitcoin just below $200,000 in the next 18 months. That would likely be a top. I think we will see a quick bounce to a new ATH and hopefully a long bullish period for Bitcoin before we re-enter the bear cycle that follows. This bullish move and the positive sign for the ATH target has been Bitcoin's prolonged consolidation period. Prolonged consolidation also indicates that the rally could continue for a longer period of time.” Stating that this rise depends on macro events and other factors, the famous CEO added that the Bitcoin price has historically tended to be positively affected by the halving and US election cycles and said, “I think we will start to see a meaningful increase in Bitcoin prices by January after the election.” The CleanSpark CEO also said that the US presidential election in November affected the BTC price, but it was not about who won, but about the election ending. Bradford finally stated that he thinks the FED is a little late in lowering interest rates and said that he expects the FED to be more aggressive and make more interest rate cuts in the next 15 to 16 months, and that these reductions are a good sign for Bitcoin. *This is not investment advice.
Famous CEO Announces Date for New ATH in Bitcoin, Announces Peak Level That BTC Can Reach!BNB token is about to face the fourth phase of the Wyckoff pattern, claims an analyst. BNB will show retracement and fall to lower support levels, MaryParty predicted. The altcoin has been moving in the $465 and $610 zone since June. Binance Coin (BNB), the fourth-largest cryptocurrency, has completed the first three phases of the Wyckoff pattern, according to crypto analyst MartyParty. This suggests BNB may avoid a significant correction until a new accumulation phase begins. MartyParty shared his successful BNB trades based on the Wyckoff pattern in an X post. This technical indicator consists of four phases: accumulation, momentum, distribution, and discount. BNB has progressed through the first three, signaling a potential “retracement” in price. Read also: CZ’s Next Move: Investing in Tech After Prison Release BNB appears to have finished the first three phases, and prices will now likely “retrace,” according to MartyParty. The cryptocurrency hasn’t broken out of its consolidation phase and has traded between $465 and $610 since June. A breakout above $610 toward the all-time high of $720.67 would signal a trend reversal. However, BNB is currently around 20% below its ATH, suggesting new highs are possible if buying volume increases. BNB Price Analysis The BNB token price analysis suggests a bullish picture for the altcoin with the cryptocurrency skyrocketing 11.81% in the past 30 days. However, BNB is down 0.26% in the past 24 hours and 3.71% in the past week. The TradingView chart below shows the Relative Strength Index (RSI) for BNB at 54.56, indicating that bulls control price action, while the line’s gradient suggests a slight price increase soon. The accumulation of the BNB skyrocketed in March and since then, has been on the same level and in order to break above the consolidation zone, BNB needs additional buying volume. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
BNB Completes Wyckoff Pattern: Analyst Predicts RetracementBitcoin price dips below $64,000 yet sentiment for a bullish future remains strong. One analyst states Bitcoin will hit a total market cap of 8 trillion by 2030. Known for many accurate predictions, the analyst says BTC price will hit $550,000 in 2030. Silver-tongued analyst known for his many accurate predictions makes a bold statement for a bullish Bitcoin (BTC) price by 2030. According to this analyst, the price of BTC is set to hit $550,000 by 2023 with a total market cap of 8 trillion. Despite Bitcoin’s current dip below the $64,000, this analyst and many others see a highly bullish future for Bitcoin and crypto. BTC Price Eyes $550,000 by 2030 In detail, the reputed and renowned crypto and Bitcoin analyst, Doctor Profit believes that Bitcoin is set to welcome an 8 trillion market cap by 2030 leading to a Bitcoin ATH of $550,000 when this event occurs. This prediction has led to intense discussion within the crypto community. Bitcoin Market Cap to 8 Trillion by 2030? In response, one user asks the analyst where the liquidity will arrive from to pump Bitcoin’s market cap to 8 trillion. To this, Doctor Profit responds saying that the possibility is not far-fetched as gold is up to 13-16 trillion in market cap and Bitcoin being digital gold can certainly amass 8 trillion by 2030. Bitcoin with a market cap of 8 Trillion will bring BTC to a price of $550,000. Why shouldn’t it be possible to see BTC at 8 Trillion, compare it to gold with a 13-16 Trillion market cap. I expect this target till 2030 — Doctor Profit 🇨🇭 (@DrProfitCrypto) September 29, 2024 The analyst then goes on to highlight the many aspects that could boost the price of Bitcoin (BTC) in the coming weeks and months which will reflect in the long-term bullish price action for the pioneer crypto asset. To start off, he mentions the strength of the Chinese stock market. He highlights how a strong Chinese market has always pumped the price of BTC. Recently, the People’s Bank of China announced its $140 billion liquidity injection into financial markets. This bullish wave along with China’s strong market will likely pump BTC to much greater heights. Many reputed leaders in the crypto space have mentioned that the new cycle bull run will come from the East, and the latest market movement supports this expectation. Read CRYPTONEWSLAND on google news Watch the strong Chinese stock market, a strong Chinese market ALWAYS made BTC pump strong. The new wave of Chinese liquidity will bring BTC to a new ATH Few know, few understand.. — Doctor Profit 🇨🇭 (@DrProfitCrypto) September 30, 2024 The analyst also mentions the $16 billion handover from FTX to its investors and retail, another bullish sign for the crypto market. He ends his message with transparent mentions of his long trade since $53,000 BTC price and $2,200 ETH price, once again hinting at the start of a bullish crypto season ahead. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
$550,000 BTC ATH by 2030 Prediction Fuels Bitcoin Adoption as Analyst Shares 8 Trillion Market Cap TheoryChainlink (LINK) was the golden child of the crypto era, achieving record highs of $52 in 2021. But as matters currently stand today, the LINK price today is at a low of $11.45 – which is far from way back to that time. Like many investors, they still believe that Chainlink could get back to its former peak again, but surpassing its ATH of $52 by the year 2025 might not be as easy as it appears. In the cryptosphere, there is always an upstart waiting to grab the glory. Rexas Finance (RXS) makes its grand entrance. It is a new-age token in its presale phase which not only seeks to beat Chainlink by 2025 but cause a shakeup in the top 15 cryptocurrencies in 2025.In this article, we will explain how Chainlink might not be able to get back to its ATH and in what way Rexas Finance is aiming to redefine the market. The Link Between the Future of Chainlink and the Resistance Zone at $21 Chainlink has earned its popularity thanks to its long-established credentials as a decentralized oracle provider on all blockchains, allowing blocks and or partial tools used with real-world data. Thanks to its technology, many meditated DeFi protocols have been built as a necessity. Its need in the crypto world is evident. But with the evolution of the market, there are hurdles that LINK may face which means the elusive $52 ATH will not be achieved by the year 2025.As things stand now, Chainlink’s principal resistance level is at $21. For LINK to resume its bullish flow of price and get back to its bullish short-term trend of aiming to recover its ATH, this price point must be surpassed first. Such a breakthrough seems to be of utmost importance, because only then it may be possible, for enough buying pressure to build up toward propelling LINK to fresh peaks. Even in good conditions in the market, Chainlink’s historical ATH might still be a restriction.Though LINK has still some possibilities for long-range value appreciation, a new player in the market called Rexas Finance (RXS) is preparing itself to take over the center stage in the next wave of crypto growth. Rexas Finance (RXS) — The Underdog with Explosive Potential Rexas Finance is on the rise in the crypto world and it is understandable why. RXS cryptocurrency is changing how people invest in properties such as real estate, commodities, and even pieces of art owing to the real-world asset (RWA) tokenization strategy. There is no requirement of having deep pockets to wade into the investment. You are free to acquire as much (or little) real estate as your finances allow. The Rexas Finance presale stage three costs just $0.050. Here is where things get interesting. RXS has been up 66.3% since the presale started from a price of $0.030 in stage 1, followed by $0.040 in stage 2, and now in stage 3. The team plans to list RXS at $0.2, which means 300% growth from the current level. It is not surprising for analysts to anticipate that the moment Rexas Finance goes live in 2025, it will be the toast of users and dominate a market cap of $10 billion. With this growth path, some analysts believe that RXS has the power to displace Chainlink from the top 15 cryptos’ charts. Could RXS Be Ready For A Big Surge? There is no doubt about the rise of Rexas Finance. RXS has maintained a pattern of positive increase during each presale stage and there are no signs of it tapering off. When RXS enters the open market and starts trading at some price of about $0.2, many analysts are predicting that there could be superfast growth and RXS could eventually number among the TOP 15 cryptocurrencies by market capitalization beating Chainlink. This potential makes Rexas Finance one of the most promising projects to be followed in the coming as it has that boom possibility. RXS will appreciate further as more people understand the advantages that come with RWA tokenization and therefore the value of RWAs will rise. Conclusion: Will Chainlink Survive the Rexas Finance Revolution? In conclusion, while Chainlink has a potential share in the crypto world, it is apparent that Rexas Finance is a token worthy of attention. RXS could make a splash in the market with its novel tokenization of real-world assets and oversubscribed presale, making Chainlink proud of its stature and a run for its money. So, while LINK investors still cannot imagine a world where their loved tokens never reach the market price of $52, some clever investors are already looking at Rexas Finance as the next big opportunity. 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
Can Chainlink reclaim its $52 ATH by 2025? This rival token could oust LINK from top 15 cryptosBitcoin and crypto markets opened lower on Monday morning in Asia as they await a speech by Fed Chair Jerome Powell and unemployment data. While BTC and altcoins gave back some of the rise they experienced last week, the BTC price dropped to the level of $64,000. Despite the decline, Bitcoin is in its first three-week uptrend since February. The rally is being supported by investors buying call options, which offers the potential for a rally above $75,000, according to Amberdata. Speaking to Coindesk, Amberdata Derivatives Director Greg Magadini said that BTC has been on a three-week uptrend, rising by over 3% in the past week through September 29, continuing the 7% gains seen in the previous two weeks. Stating that this rise was supported by option investors, Magadini said that option investors purchased a significant amount of call options at the $75,000 expiration price and higher levels on Deribit. Magadini noted that a potential breakout above $75,000 in Bitcoin could quickly push the price to $100,000. “This flow pattern from the options market indicates an upward trend for spot prices (due to put sales) while also predicting an acceleration in price action. A call buyer is indirectly bullish on the market, while a put buyer is bearish on the market to protect against price fluctuations. “A breakout above $75,000 could lead to a rapid rally from the $73,000 ATH in March to $100,000. $100,000 is where the final tranche of call buyers are concentrated at the December 27, 2024 expiration date.” Finally, the analyst added that a potential breakout in Bitcoin would mean a resumption of the broader uptrend from the sub-$30,000 lows in October 2023. *This is not investment advice.
Bitcoin Bulls Ignore the Drop! Analyst: "If This Level Is Broken, BTC Will Go to $100K Quickly!"Bitcoin may not post a new all-time high any time soon as crypto market sentiment is at its highest level for months, according to Santment. On Sept. 30, onchain analytics platform Santiment stated that those expecting a new Bitcoin all-time high may need to first wait until the crowd “slows down their own expectations.” It looked into social sentiment data, adding that there are currently 1.8 bullish posts about Bitcoin for every 1 bearish post. “Markets historically always move in the opposite direction of the crowd’s expectations.” Sentiment has turned extremely bullish over the past fortnight or so with BTC prices steadily climbing around 14% from below $58,000 on Sept. 17 to top out above $66,000 on Sept. 28. Moreover, BTC is on track to record its best-ever September since inception in terms of gains which have been around 12% so far. Source: Santiment Casa chief security officer Jameson Lopp observed that mainstream media was also shifting to positive territory. “Bitcoin sentiment is shifting positively in mainstream media as FUD fails to withstand the test of time,” he said in a post on X on Sept. 29. Additionally, the Bitcoin Fear and Greed Index , which also measures market sentiment, has returned to greed levels with a rating of 61 on Monday, Sept. 30. It was in the depths of ‘extreme fear’ only weeks ago when the index fell to 22 on Sept. 6, one of its lowest levels for the past year. Bitcoin Fear and Greed Index is 61 ~ Greed Current price: $65,653 pic.twitter.com/9lOs3K4iWr — Bitcoin Fear and Greed Index (@BitcoinFear) September 30, 2024 Related: 3 signs that Bitcoin price is not ready to make a new all-time high On Sept. 29, Cointelegraph reported that demand for stablecoins in China is bearish which could also delay a Bitcoin ATH. When dollar-pegged stablecoins trade at a discount rather than a premium in China, it indicates bearish sentiment. Bitcoin is currently trading at $64,406, around 12.6% down from its March all-time high of $73,734, according to CoinGecko. Additionally, the asset was retreating sharply during early trading on Sept. 30, falling almost 2% over the past six hours to the time of writing. Magazine: CZ walks free, Caroline Ellison receives prison sentence, and more: Hodler’s Digest, Sept. 22 – 28
Bitcoin bull run unlikely as long as social sentiment runs too hot — SantimentCryptocurrency analytics firm Santiment has issued a warning in its latest analysis, despite the crypto community expecting a new all-time high price record (ATH) for Bitcoin. According to the analytics firm, the crypto community may have to lower its expectations for a while longer before this record is broken. According to Santiment, there are currently 1.8 bullish comments for every one bearish comment on Bitcoin on social media platforms. Historically, markets have often moved in the opposite direction of what communities expect, analysts explained. However, another comment about the market was made by il Capo of Crypto, one of the well-known names in the industry. Related News Watch Out: The New Week Has Plenty of Economic Developments and Altcoin Events - Here's a Day-by-Day, Hour-by-Hour List A closer look at the BTC chart shows that the price is at a strong resistance level. The analyst said that a drop in the Bitcoin price to the $64,000 to $65,000 region would be a healthy move for the continuation of the bull market. At the time of writing, the BTC price is trading at $65,827. *This is not investment advice.
Will Bitcoin Surge From Current Levels to a New All-Time High? Analysis Firm WarnsCoinspeaker Vitalik Buterin Continues Ethereum Selloff Streak, Moves 649 ETH to Paxos Ethereum co-founder Vitalik Buterin is still selling parts of his ETH holding. According to data from SpotonChain, the developer has transferred over 1,300 ETH to Paxos in the last 12 days. The analytical platform also identified a deposit of 649 ETH ETH $2 637 24h volatility: -0.4% Market cap: $317.44 B Vol. 24h: $12.81 B to Paxos from a wallet belonging to Buterin, identified as “0x556.” Based on the market price of ETH at the time, the transfer was worth $1.72 million. Numerous ETH Transfers in a Short Time On September 19, the 0x556 wallet received 1,300 ETH, valued at $3.21 million, from another wallet 0xd04. The latter was initially funded by Vitalik Buterin with 70,000 ETH back in 2022. However, it took the wallet 0x556 about 11 days to transfer all 1,300 ETH to Paxos. It appears to have capitalized on the altcoin’s price recovery. With an average sale price of $2,581 per ETH, the transfer reached $3.35 million. Wallet “0x556,” associated with @VitalikButerin, deposited the last 649 $ETH ($1.72M) to #Paxos ~20 hours ago. Notably, on Sep 19, wallet “0x556” received 1,300 $ETH ($3.21M) from wallet “0xd04,” which got funded with 70K $ETH by Vitalik Buterin in 2022. Over the past 11 days,… pic.twitter.com/tuRYZKGmiV — Spot On Chain (@spotonchain) September 30, 2024 This is noteworthy because it is part of a larger series of transfers by the Ethereum co-founder. On August 30, Lookonchain reported the transfer of 800 ETH, worth approximately $2.1 million, to a multi-signature wallet. Of these, 800 ETH were transferred to the multi-sig wallet, and 190 ETH were swapped for 477,000 USDC. The transfer raised eyebrows, particularly as the market was characterized by intense volatility at the time. While the cryptocurrency community was still speculating whether a Vitalik Buterin selloff was on the horizon, he transferred another 190 ETH, valued at approximately $441,971 at a later date. The altcoin seems to have responded to the offloads, as it is currently facing a price decline. At the time of this writing, Ethereum traded at $2,631.13 after experiencing a price dip of 0.74% in the last 24 hours. A few analysts have voiced their concerns that Ethereum has lacked significant upside momentum. This concern comes amid a broader crypto market rebound fueled by the upcoming October bullish narrative. Generally, the altcoin has seen some rebound, too, to the point of consistently closing above the 50-day Moving Average (MA). Still, Ethereum has not yet performed as expected. It could retrace to the support level of around $2,250 in the near term before rebounding towards its all-time high (ATH). From a technical standpoint, if the price of the coin fails to rise above July’s peak of about $3,566 in the coming weeks, the macro falling trend that began in March is likely to push the altcoin below $2,000. Vitalik Buterin Plans to Scale Ethereum Network On the other hand, Vitalik Buterin is concerned about the limitations of the Ethereum network. This led him to suggest an increase in “blob count”, which he says will boost the scalability of the Ethereum blockchain. This blob count concept, which came with the major Dencun upgrade, will be implemented using the Ethereum Improvement Proposal (EIP)-7623. “We cannot afford to let the momentum slip on moving more layer 2s over to using blobs,” the Ethereum co-founder said, adding that “EIP-7623 is crucial for this because it ensures that the worst-case size of a block massively decreases. next Vitalik Buterin Continues Ethereum Selloff Streak, Moves 649 ETH to Paxos
Vitalik Buterin Continues Ethereum Selloff Streak, Moves 649 ETH to PaxosThe cryptocurrency market is buzzing, and all eyes are once again on Bitcoin (BTC). As the most popular digital asset, its price movements often guide the entire market. Recent changes, especially the rise of exchange-traded funds (ETFs) and major BTC holders, are bringing both excitement and caution. Could the Bitcoin USD value break new records? Or is there a correction coming soon? In this article, we’ll explore these questions and explain what’s next for Bitcoin and the broader crypto market. Contents Market Predictions: What Lies Ahead for BTC Key Trends Shaping the Future of the Crypto Landscape Minotaurus ($MTAUR): Future-Proof Your BTC Holdings Conclusion Market Predictions: What Lies Ahead for BTC Bitcoin is worth between $63,627.59 and $65,743.29, with a 2.8% change in the past 24 hours. The big story behind this rise is the growth of ETFs. This could have a huge impact on BTC’s future price. Notably, Satoshi Nakamoto’s position as the largest BTC holder may be taken over by ETF-related assets. As more ETFs come in, Bitcoin could become even more valuable. This increase in big buyers usually adds more liquidity to the market, affecting the BTC price USD directly. Right now, the BTC USD value is close to a key resistance level of $66,498. If it passes this, we could see BTC heading towards its All-Time High (ATH) of $73,737.94. But the market is unpredictable. The Relative Strength Index (RSI), a measure of market strength, is at 66 . This means Bitcoin is not overbought yet. If the price breaks through resistance, Bitcoin could reach $74,028. However, if it doesn’t, it could fall back to its support level of $50,507. This would cause the bitcoin price to change again, especially as ETFs keep shaping the market’s mood. Key Trends Shaping the Future of the Crypto Landscape Bitcoin’s price depends on key factors: supply and demand, market mood, and big events like regulations. Bitcoin has a limit of 21 million coins, which makes it scarce. This is a big reason why its value rises. When more people want to buy BTC, the price goes up because there are fewer coins left. Events like ETF approvals or big market news can boost demand or lower it. Understanding these basics is important for tracking the BTC to USD exchange rate and following the Bitcoin price today. It also helps when comparing bitcoin price USD with other currencies like the bitcoin euro. Large transactions by these funds can make the market more unstable. If their volume grows, the courses Bitcoin dollar and Bitcoin Euro could go up or down quickly. This would not only affect Bitcoin but also other crypto assets. Experts are split on Bitcoin’s future. Some are hopeful, predicting BTC could pass its resistance and hit new highs. Others warn that relying too much on big buyers might lead to sharp drops. If large players start selling off their BTC, this could cause the Bitcoin stock value to fall quickly. Minotaurus ($MTAUR): Future-Proof Your BTC Holdings As BTC’s potential continues to capture attention, the market’s unpredictability remains a key consideration. While BTC’s prospects look promising, savvy holders know that diversification is crucial to manage volatility. Alternatives like the Minotaurus ($MTAUR) presale could provide fresh avenues to strengthen and future-proof your portfolio. $MTAUR has become a hot topic in the crypto circles and one of the picks favored by BTC holders. Minotaurus ($MTAUR) tokens are now available for $0.00005957, offering a 70% price cut during the presale. With the listing price set at $0.0002, today’s buyers could see a 236% increase post listing. Those who chipped in at $0.000040 have already seen a 49% boost so far. $MTAUR powers the Minotaurus game. You can use it for in-game purchases, unlocking new zones, and giving your characters a boost. Holders also get access to referral bonuses and vesting incentives, making $MTAUR even more attractive. The project has been audited by SolidProof and Coinsult, ensuring strong security for participants. With the casual gaming market expanding by 9% each year, now might be the perfect time to join. Conclusion Bitcoin’s future offers both big chances and big risks. With more ETFs, funds are flowing into BTC, which could push the price above its current resistance levels. But keep an eye on the market. Sudden sell-offs could lead to quick drops. Diversifying into presales like Minotaurus ($MTAUR) could help mitigate volatility risks. With the $MTAUR price gradually increasing throughout the token sale stages, the growth path seems to be clear. Follow The Crypto Times on Google News to Stay Updated!
The Future of Crypto: BTC Trends, MTAUR Market ExplosionMeme-themed cryptocurrencies have been capturing the interest of investors, with Dogecoin and Shiba Inu setting the stage. Recently, a trader transformed $1,300 into $12.45 million within 15 days by investing in a novel meme token. A crypto analyst anticipates that the Dog (Runes) token will soon surpass a $750 million market cap. Discover the latest trends in meme-token investments and why Dog (Runes) is gaining significant traction in the crypto market. The Meteoric Rise of Dog (Runes) Launched just a few months ago, Dog (Runes) has quickly become a favorite among cryptocurrency investors. Its integration with the Bitcoin blockchain and resemblance to popular meme coins have significantly boosted its popularity. Following market trends, some crypto analysts believe that the current bullish momentum could drive this token to unprecedented highs. Market Sentiment and Predictions MadPunk, a credible crypto analyst, recently highlighted on social media platform X that Dog (Runes) has immense growth potential. He suggests that its market cap may soon double, potentially reaching $750 million from the current $398 million. His optimism is supported by the trend of Bitcoin-based tokens gaining attention as Bitcoin’s price remains strong above $60,000. Current Performance and Future Projections In the last week alone, Dog (Runes) has seen its price increase by 56%, and over the past two weeks, it’s up by 91%. Currently trading at $0.003961 with a market cap of approximately $398 million, the token has, however, faced a 7% decline today. Technical indicators point to overbuying, suggesting a period of consolidation may be imminent. Despite this, other indicators reaffirm the high demand for the token. Should it successfully navigate the first resistance level of $0.003848, an upward trend could follow, potentially pushing it to the second resistance at $0.005002 and eventually to a market cap of $750 million. Past Performance as a Predictor of Future Success The historical performance of Dog (Runes) adds credibility to these optimistic forecasts. Four months ago, the token achieved an all-time high (ATH) of $0.009774 per token, with a market capitalization of $962.17 million. Although the token is experiencing a dip now, past trends suggest that achieving a $750 million market cap is within the realm of possibility, albeit not immediately. Conclusion While Dog (Runes) has shown some volatility, its impressive rally over the past two weeks has kept investors interested. Despite the recent dip, experts like MadPunk remain bullish on the token’s future, predicting a market cap surge to $750 million. As the bull market continues and with strong support from the broader crypto community, Dog (Runes) is a token to watch in the coming months. In Case You Missed It: Ethereum Co-Founder Vitalik Buterin Sells 1,300 ETH as Smart Traders Scoop Up Dips
Dog (Runes) Set to Skyrocket: Crypto Analysts Predict Market Cap Surpassing $750 MillionBitcoin price trades at $64.4K after losing 1.96% in the last 24 hours. BTC continued to stay in the greed zone in the market. Bitcoin (BTC) has been through several hurdles over the past month. BTC recently surpassed the $65,000 resistance mark, drawing attention within the crypto market. However, the upward momentum was short-lived as the price dipped to previous lows. The asset opened September by trading at $59K; as days progressed, BTC has fallen to $52,827. Current price movement indicates that Bitcoin may be on the verge of a price correction. Over the last 24 hours, the BTC price recorded a 1.96% loss. The lowest and highest price it hit was noted at $64,219 and $66,069, respectively. At press time, BTC traded at $64,453, with its daily trading volume increasing over 35.10% to $19.92 billion, as per CMC data . Consequently, BTC continues to stay in the greed zone as the Fear and Greed Index stays at 61. On the other hand, Santiment data recently revealed that there are 1.8 bullish posts for every 1 bearish post about BTC, indicating high optimism. However, market tend to move against the crowd’s expectations, which could delay a new all-time high for Bitcoin. What’s Ahead For Bitcoin? BTC has shown brief recovery momentum over the past week, with a spike of 0.21%. The asset traded within the $63K-66K range and gradually slipped down. The downside pressure of BTC continues, and the asset is struggling to climb up. While the BTC price is expected to bounce back, the asset might attempt to reach $65,825, if it could encounter the bears. If the price drops further below $64K, it will likely test the nearby support at the $63,401 zone. BTC price chart (Source: TradingView ) Looking ahead at the technical indicators, Bitcoin’s price momentum stays in the neutral market sentiment, as the daily relative strength index (RSI) stands at 41.74. Notably, the short-term 50-day and long-term 200-day MA are found at $64,472 and $60,057, respectively. Highlighted Crypto News Sui Price Rallies 111% in Bullish September Inching Closer to ATH
Will Uptober Turn the Tide for Bitcoin (BTC) Momentum?On September 27, bitcoin (BTC) reclaimed a trading price of $66,500 for the first time since late July. This surge was accompanied by bullish sentiments from many investors. Instead of going higher, the leading crypto asset has tanked below $64,000 at press time. Blockchain market intelligence platform Santiment shares insight into a possible reason behind bitcoin’s failure to unlock higher prices. What Could Drive Bitcoin’s New ATH? The chart below shows the rapid surge in positive commentary towards BTC after the asset unlocked a local high of $66,500. Santiment’s research showed that there were 1.8 bullish BTC posts for every 1 bearish. Most of these bullish comments leaned on the possibility of bitcoin reaching the $70,000 price mark. According to Santiment, however, bitcoin could unlock the $70,000 mark if “the crowd slows down their own expectations.” The market intelligence firm added that market charts often move in the opposite direction from the crowd’s expectations. This implies that the market performance could turn green if most crypto participants leaned more toward a bearish outlook on BTC price movement. BTC Drops Below $64K After a weekend of a bullish green chart, the leading cryptocurrency has taken a downturn and is currently trading at $63,500. Earlier today, it sunk to $63,250, the lowest in the past four days. Although no singular factor can be pinpointed as the driver behind bitcoin’s sudden price correction, an earlier CryptoPotato report hints that the upcoming speech from the Federal Reserve’s chair, Jerome Powell, may have contributed to the asset’s price movement. Earlier this month, the Fed downsized its interest rate to a range between 4.75% and 5%. Later today, Powell is expected to discuss the interest rate cut in more detail.
Bitcoin Will Hit New ATH Only After This Changes: SantimentThe altcoin SUI has shown significant price increases over the last 30 days. Sui blockchain hit a milestone of $1 billion TVL in the last 24 hours as per reports. As another week begins, the crypto community resumes its wait for the full-fledged price rally. Contrary to the weekend’s expectations, Bitcoin has receded to the concurrent $64K causing the community to tighten its hopeful reins on the Uptober landmark. Meanwhile, the altcoin Sui has continued its price rally undeterred by the negative circumstances. Sui blockchain’s native token SUI has recorded a significant price increase over the past month. Notably, in the last 24 hours, SUI added an additional 4.29% price increase to its bullish rally. The token is currently trading at the $1.7 level inching closer to the $2 milestone. Specifically, at the time of writing, SUI was trading at $1.74 as per CMC data . Additionally, the altcoin’s daily trading volume surged by a significant 103%. Moreover, Sui witnessed a brief price dip to the $1.6 level in the early hours of September 29 after which it altered its pace on the bull run. Secondly, on examining the token’s weekly price actions, SUI in light of its upward movements has factored in a 10.20% hike. Furthermore, the recent bull runs have propelled the token’s year-to-date increase to 125.28%. On the other hand, Sui has shown increased volatility in its price movements as indicated by the RVI standing at 60.74 as per TradingView data . SUI Price Monthly Overview In September 2024, the Sui, despite market struggles, managed to establish a price rally that accounted for a 111.79% increase in value. At the beginning of the month, SUI traded at a low of $0.7854. Moreover, in August Sui witnessed a bearish market situation as prices dropped further following key market crashes after Bullish May. SUI/USDT Daily Price Chart (Source: TradingView ) Additionally, SUI’s short-term 50-day MA is moving closer toward a golden crossover to stand above the long-term 200-day MA. If the token manages to refrain from price dips, then the occurrence of a golden cross can be expected. Moreover, SUI’s bull run is further highlighted by its bull power indicator standing at 1.27 while its bear power indicator stands at 0.73. Additionally, the Sui Blockchain reported hitting a TVL of $1 billion in the last 24 hours. Meanwhile, other cryptocurrencies such as Ethereum and Solana are struggling to factor in major price increases in the last 24 hours. Highlighted Crypto News Today: CryptoQuant CEO Advocates for Smart Regulation to Ensure Web3 Growth
Sui Price Rallies 111% in Bullish September Inching Closer to ATHDelivery scenarios