Toncoin has failed to exhibit a positive surge in price despite Telegram’s recent announcement of new features. Telegram has announced a gift feature alongside a few other new features on their app. However, Toncoin (TON) has failed to showcase a…
Toncoin has failed to exhibit a positive surge in price despite Telegram’s recent announcement of new features. Telegram has announced a gift feature alongside a few other new features on their app. However, Toncoin (TON) has failed to showcase a…
Discover why experts predict Qubetics, one of the new crypto presale projects, could yield a 2000% ROI for early investors amid developments from Zephyr and Pyth.
The cryptocurrency analytics firm has detected a correlation between interest in the identity of Satoshi Nakamoto and the price of Bitcoin. Continue Reading: Does the Growing Interest in Satoshi Nakamoto’s Identity Herald a Mega Rally in Bitcoin?
The UAE, particularly through its Dubai and Abu Dhabi financial hubs, continues to introduce initiatives and regulatory frameworks to attract crypto companies and investors. Consider the latest update: The UAE announced value-added tax (VAT) exemptions for crypto transfers and conversions.…
The UAE, particularly through its Dubai and Abu Dhabi financial hubs, continues to introduce initiatives and regulatory frameworks to attract crypto companies and investors. Consider the latest update: The UAE announced value-added tax (VAT) exemptions for crypto transfers and conversions.…
The latest week in the crypto world brought notable movements. Bitcoin steadied around the $61,000 mark, while Polkadot faced a notable drop. Meanwhile, CYBRO reached an impressive milestone in its presale. This article dives deeper into these shifts and examines which cryptocurrencies might be on the verge of significant growth. CYBRO Presale Soars Past $3 Continue Reading: Weekly Recap: BTC Consolidates at $61K, DOT Dips Percent 15, CYBRO Reaches $3M Presale Milestone
BlockDAG Presale Accelerates, Nets $4M in 24 Hours While AAVE and Ethereum Draw Speculation Recent market movements show AAVE grappling with a significant downturn, as the asset witnessed an 11.27% drop yesterday. This decline calls for a cautious approach from the trading community as signs point towards possible further decreases.
Bitcoin declined sharply over the past week, by 5.41%. An analyst eyes a bullish outlook based on 21-week EMA.
Bittensor (TAO) has been garnering attention for its exceptional performance, surpassing Bitcoin and the broader cryptocurrency market. TAO has experienced a 15% increase in the past 24 hours, and it has appreciated by over 130% in the past 30 days. This extraordinary expansion has established TAO as one of the most successful altcoins, attracting the attention of both institutional and retail investors. Related Reading: Shiba Inu Burn Rate Shoots Up 1,000% – Are New ATH Levels Just Around The Corner? The altcoin’s future potential is a significant factor in the development of this momentum. Recent price predictions show that Bittensor could experience a substantial 220% increase, with a potential price of $1,800 by November 2024. Many are interpreting the current bullish sentiment as an opportunity to purchase TAO before it experiences its next significant surge. Open Interest Reaches New Highs According to Coinglass, TAO’s Open Interest, which recently reached an all-time high of $189 million, is one of the most telling indicators of its strength. That’s sharply up from $50 million recorded at the start of September. An increasing Open Interest-the total number of active positions held by traders is often a very positive sign, as it indicates more money is being invested in the asset. This surge in Open Interest alongside rising TAO price signifies that the traders are not just holding on to their existing long positions but are also actively buying new ones. Therefore, upward momentum means that the recent runs of Bittensor may be sustained for some time longer. This has heightened speculations that the token may even ascend much higher. Technical Analysis Supports The Bullish Hunch Bittensor is now trading at $554, representing a critical resistance. TAO plots a V-shaped recovery on the four-hour chart, which usually represents sustained positive momentum. The CMF indicator has also stayed positive at 0.21, showing significant buying force in the market. Besides this positive forecast, a green volume histogram bar shows that TAO may be able to break up from this resistance line to the next point at $618. Considering the strength of purchasing volume by the market, a short-term upward movement can be said to hold a good case. Related Reading: Market Signals Hint At Bitcoin’s Potential Fall To $52,000—Analyst What Lies Ahead For Bittensor Analysts are generally positive about Bittensor’s future. Even though the cryptocurrency market as a whole is still pretty sketchy, TAO has had 20 “green days” out of the last 30 days, which means that 67% of the time, prices have gone up. The coin is growing, even though it has a 30% fluctuation, and predictions for November 2024 show that it will grow a lot. Featured image from Bittensor, chart from TradingView