Category: Price Analysis

Aptos Surges 21%: Is Continued Growth Ahead for APT?

Summary

APT just flipped bullish after hitting a major Fibonacci zone and things look more spicy as we head towards more upside! This on chain data is absolutely on fire, with the network also staying super active. This proves hype around Aptos is real and all the buzz and price pumping are not all big talks. Its clear APT is not stopping anytime soon if these activity keeps up. If you’re looking for a token with serious potential, Aptos is lowkey becoming the one to watch right now.

Aptos (APT) is a blockchain platform that is designed to be fast, scalable and secure. Its well known for its low latency and high throughput which overall aims to improve decentralized applications (dApps) and overall blockchain performance. APT, the ticker symbol for Aptos has recently been eyeing on a bullish trajectory since mid-September.

After its bearish retracement on October, APT has managed to pull back 30% of whatever it had lost. However, the pullback concluded at a noteworthy price range. Many suspected it has hit a Fibonacci retracement which means that after hitting a certain low it was sure to go on a bullish pivot. Same thing happened with Aptos, as it dropped as low as $7.74 earlier this week but right after that it reached a bullish pivot. The cryptocurrency has since rallied by roughly 21% to its $9.38 press time price. Despite the recovery, APT still had a 19% upside to go before reaching its October lows.

As of November 7 2024, the price of Aptos’s APT is $9.74 with a 24 hour trading volume of $452,804,490. It has experienced nearly 5% growth since the last 24 hour and a total 4.23% increase since last 7 days. With its circulating supply of 520 Million APT and a market cap of  $5,058,986,184, APT sees bright future ahead.

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Bitcoin ETFs See $621.9M Inflows as BTC Hits New All-Time High of $76K

Summary

Spot Bitcoin ETFs in the U.S. saw substantial inflows on Nov. 6, with net gains of $621.9 million as Bitcoin hit a new all-time high above $76,000. Fidelity, ARK 21Shares, Grayscale, and Bitwise were among the top funds driving inflows.

Record-Breaking Inflows for Bitcoin ETFs

On Nov. 6, spot Bitcoin ETFs in the U.S. experienced a significant inflow of $621.9 million, rebounding from a three-day period of outflows totaling $712.9 million. Fidelity’s FBTC led with $308.77 million in inflows, followed by ARK 21Shares, Grayscale, and Bitwise, with inflows ranging from $100 million to $127 million.

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High Trading Volumes and Positive Market Response

Several Bitcoin ETFs saw their trading volumes more than double, with BlackRock’s iShares Bitcoin Trust (IBIT) hitting $4.1 billion in trades, its highest volume ever. Despite inflows across most ETFs, BlackRock encountered $69.11 million in outflows, diverging from the overall trend.

Market Hope for Trump’s Pro-Crypto Victory

Analysts are hopeful about future growth in digital assets due to the surge in Bitcoin’s price, which coincided with Donald Trump’s election as president, which was pro-crypto. Asset managers are submitting applications to introduce exchange-traded funds (ETFs) for cryptocurrencies including Solana, XRP, and Litecoin in anticipation of regulatory certainty.

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Trump Victory Creates Over 11K New Bitcoin Millionaires

Synopsis

Because of Donald Trump’s triumph in the 2024 election, Bitcoin values have risen to an all-time high, creating over 11,000 new millionaires.

Bitcoin Wallet Surge

Following Trump’s win, the number of Bitcoin wallets worth $1 million or more surged by 11,487, bringing the total to 132,842. This increase came as Bitcoin prices rose by 7.8% within 24 hours, reaching an all-time high of $75,428. In the past 30 days, Bitcoin saw a 20% increase, with Finbold reporting a significant wealth gain among Bitcoin holders.

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The Impact of Trump on Bitcoin

Trump’s pro-crypto position, which may result in a favorable regulatory environment for digital assets, is credited by analysts with this surge. Investors are looking forward to any policy changes that might further improve Bitcoin’s performance, as Trump’s backing for the cryptocurrency has sparked a newfound interest in the commodity.

Will Bitcoin Increase?

Gert van Lagen and other technical analysts are hopeful. If market conditions continue to be favorable, predictions indicate that Bitcoin might hit $250,000 by the beginning of next year. Bitcoin fans are optimistic that favorable legislation following Trump’s victory could spur additional growth in digital assets.

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Bitcoin Surges as Election Day Voting Boosts Market Hype

Summary

Crypto prices absolutely spiked Tuesday night, with Bitcoin smashing a new all time high. It managed to get as close as staggering $75K as U.S. election votes rolled in. Analysts believe no matter who sits on the White House, BTC is not backing down. Even so, we might see some short term bumps along the way.

Cryptocurrency prices looking good right now as its market cap spiked this late Tuesday, coincidently U.S. president elections also started the very same day. The top crypto platform Bitcoin even managed to hit its all time high of nearly $75,000 and analysts are strongly claiming bitcoin will continue to surge no matter who wins the sits on the White House but we might expect some minor bumps here and there.

There has always been a lot of uncertainty in the global markets during US election and its no different this time. People have started to become concerned about whether these volatility are short term or not. A renowned financial firm, Bernstein predicts Bitcoin could hit $200,000 in 2025 and that too regardless of the outcome of Tuesday’s election.

Justin Kruger and LMAX expect a stellar performance from Bitcoin during Q4, setting the stage for a record high by reaching as high as $100K by late December. This will result in a solid start of next year for this top crypto token.

There is history of Bitcoin popping up during the time of election. At 2012, Bitcoin’s price skyrocketed about 12000% between Nov. 5, 2012 and November 2013. Following next election in 2016, it got about 3,600% surge by December 2017. At 2020, even midst of covid, Bitcoin railed 478% in 12 months following the election. Considering these trends experts predict this time it could reach almost $103K by the end of Q4.

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Bittensor’s TAO Soars with Major Gains and Trading Volume Spike: What’s Next?

Summary

Bittensor has been popping off lately, getting heights by jumping up to 7.12% in a matter of just 24 hours and leaving every other AI altcoins in the dust. TAO’s trading volume has also been overflowing as it has almost shot up by a whopping 104.58%. This has brought major hype regarding this coin.

Bittensor has taken crypto market scene by a storm after its token, known has TAO rose its trading volume by a staggering 104%. With the already increasing crypto market with Bitcoin (BTC) reaching heights like $71,500 as of writing, TAO is also making huge progress. This overall upswing of the market have also benefitted other AI altcoins but Bittensor just stands out with what it has managed to achieve.

Just in the last 24 hour, TAO managed to rise by over 7.1%. At the time of writing, TAO’s is priced at $544 after its 7% increase. Its overall trading volume surged by 104.58%. It makes the average volume $211 million in a day, this milestone has not been reached by most other AI altcoins. This proves Bittensor is on a constant upward rise lately. In comparison, other altcoins like Injective (INJ) rose by 6.53% and even Near Protocol (NEAR) rose by just 5.84%. Other altcoins like Artificial Superintelligence Alliance  and Internet computer also show similar results. Hence we can conclude that this upswing has benefitted Bittensor the most, and it has also further increased investor favorability for AI-themed coins.

Therefore, with such positive rise and being backed by heavy investors, the alt-coin is sure to get more gains. If this condition continues, it will retake the $584 resistance level.

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IntelMarkets (INTL) 2025 Price Forecast: Can Quantum AI Propel It Beyond XRP?

Summary

Cross-border payments are becoming faster and cheaper all thanks to XRP, but with quantum computing and AI tech advancing, people question if Ripple and old-school blockchain can keep up with the pace. In the midst of this there comes IntelMarkets, a new Quantum AI platform that combines machine learning and quantum level trading speed. This setup results in faster trades and easier to read data, making IntelMarkets a major contender for crypto investors aiming big in fututre.

Ripple offers a digital payment platform designed for fast, low-cost international transactions. Its token is called XRP, no one can match XRP when it comes to cross-border payments. A transaction made through Ripple takes almost no time, breaking through all of the complications associated with banking systems. This Ripple system benefits banks too as it makes whole economic operations simple.

But a new crypto platform, IntelMarkets is looking to take the stage with Quantum AI. It called out many platform for their security issues and is ready to break down their threats, including Ripple which hasn’t addressed these issues. Quantum computing sector is being backed by many big companies, with IBM even betting on developing “cryptographically relevant quantum computer” by 2030. This, therefore seriously threatens existing blockchains.

IntelMarkets enters, changing the rules of the game through its Route X21 mission. Route X21 is a ledger that is build with impenetrable armor for quantum hacking. It is being backed by millions of dollar from major companies. Moreover, by concentrating on the application of modern security methods, IntelMarket is constructing a system capable of resisting the advances of computer power, which Quantum technology will bring.

This far sight of IntelMarkets has led to $1.6 million in presales attracting over 2,200 investors. As of October 29 2024, INTL price is $0.0365 and it has a huge potential to rise much higher.

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From Meme to Mainstream: LUNA’s Unstoppable Ascent in the Crypto World

Summary

LUNA has broken roofs as it went from $0.05 to $0.22 in a matter of just 24 hour. That is a whopping 340% surge in a single day. This performance even outshines Goatseus Maximus in terms of trading volumes on decentralized exchanges (DEXs). Most of this trading volume comes from Raydium platform as it holds 73% of total trading volume.

LUNA is the native cryptocurrency of the Terra blockchain. It was originally developed by Terraform and it has now become the most talked about memecoin. As a result, Terra has also gained significant popularity, particularly its UST stablecoin which was pegged to US dollars.

LUNA’s over the top rise began after October 21, that’s when it started trading on decentralized exchanges. As of now it has attracted many investors of the crypto community towards it with its performance. Drawing comparisons to one of the most successful early AI meme coins, Goatseus Maximus (GOAT). The buzz on LUNA started particularly after it surged a staggering 340% in just a day. This milestone sparked talks about LUNA being the next big thing in the meme coin community, particularly within the realm of artificial intelligence based tokens and Solana blockchain.

As of October 29, 2024, the price of LUNA is at $0.3473 with a 24 hour trading volume of  $24,590,883. This indicates its price going up by 2.55% since last 24 hour. It also has a circulating supply token of 690 million LUNA. With all that Terra is valued at a total market cap of $238,525,259.

Amid the formation of a bullish pattern, the CAT token gains 37%.

In conclusion, Simon’s Cat (CAT) meme coin recently saw a 37% increase after a bull flag pattern appeared on its daily chart. The increase in investor activity and the addition of new exchange listings could result in further gains for the token.

Bull Flag Pattern Indicates Potential Rally

According to trader Zak, CAT’s price has formed a classic bull flag pattern, often a sign of further upside. The token rose from $0.000024 to $0.000038 by Oct. 21, forming a flagpole before pulling back slightly. Consolidation between $0.000038 and $0.000044 was noted by another trader, Mr. Albert, indicating an impending breakout.

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Investor Activity and Market Performance

Due to a rise in daily trading volume to more than $60 million, CAT’s market capitalization increased from $166 million to $233 million over the past week.The meme coin’s listing on OKX and strong investor interest—including a whale purchase of $26,000 worth of CAT—has driven buying activity. The number of CAT holders also grew, reaching 235,666 by Oct. 28.

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Source: crypto.news

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Mixed Signals Are Shown by Technical Indicators

Technical indicators suggest a possible pause even though CAT’s upward momentum is still present. The MACD is showing a weakening trend, indicating potential short-term consolidation, and the Relative Strength Index (RSI) fell from overbought levels to a neutral 54.

TON Blockchain Sees Sharp Drop in Daily Active Users

Summary

The Open Network (TON) has seen a steep drop in daily active users, according to data provided on IntoTheBlock. The blockchain which showed a promising future in september has suddenly declined into abyss in october. This decline shows a broader market trend and specific challenges faced by a network.

TON’s Active Users Plummet

It is surprising that TON has seen its daily active users nosedive, TON at its peak had over 5 million active users. According to a chart shared on X (formerly Twitter), analysts believe this sharp decline on daily active users started in recent weeks. This raises suspicion on crypto space, can new blockchain projects ever reach the heights of Bitcoin and Ethereum ?

TON’s Daily Active Users Chart, Posted on X by IntoTheBlock

September Surge Quickly Fades

Toncoin powered network, TON had its moment in the spotlight earlier this year, especially in september when crypto gaming on telegram-based decentralized applications like Catizen and Yescoin saw hugs boost in users. On September 27, TON hit its peak active user count of 5.18 million and that number fell down to just 1.58 million by ghe 21st October, showcasing turbulence in Blockchain space.

New Addresses Also Decline

Alongside this, new addresses and zero-balance addresses on TON also took a hit, dropping from 2.58 million and 346,000 to under 650,000 and 68,000, respectively. It seems the market slowdown wasn’t the only factor at play. Events like the arrest of Telegram’s founder Pavel Durov and other network challenges have seemingly influenced the dip in user engagement.

Hope on the Horizon?

Historically, spikes on crypto projects have led to major events. While the numbers might look grim there’s still hope, seeing how Near Protocol is managing 3 million active users during current crypto turbulence. TON also has integration plans with Alchemy Pay, which fuel a rebound in users activity and provide us with a generational comeback.

Truth Terminal has become the first AI crypto Millionaire

Summary

Truth Terminal, an AI bot that was initially funded with a $50K, has become a millionaire. This is the first time an AI reached millionaire status. It’s all thanks to the strategic investments it made in meme tokens.

An autonomous AI bot called Truth Terminal has managed to become the first ever AI bot to be a millionaire. Marc Andreessen, the one who funded this AI bot now holds a million dollar portfolio. Truth Terminal operates automatically on twitter and interacts with blockchain systems. It is completely capable of making its own financial decisions, primarily including crypto trades and token management.

Meme tokens like Fartcoin and Goatseus Maximus (GOAT) are behind the success of Truth Terminal. Just few days ago, this bot was sent 20 million Fartcoin at a value of $40K, which within hours became $127K. This gain became a huge leap for Truth Terminal’s portfolio, so much so that it reached a million. However, this appears nothing compared to the profits made from investments in GOAT. GOAT tokens surged 180% in the past week pushing forward Truth Terminal’s holdings from initial $20K to $500K. GOAT’s overall market value has crossed $400M, further boosting bot’s overall portfolio.

Andreessen stated that even thought he acknowledges his early funding to the bot, he has no involvement in GOAT business, but GOAT is a notable part of truth terminal’s portfolio. Its value surged by 260% over the last month. As of October 18, the price of the GOAT token had reached $0.40, a 20% surge in the last day with increased demand from retail and institutional investors. This really shows how precise Truth Terminal’s investment decisions were. Hence, the overall report reveals a remarkable potential of artificial intelligence in the realm of finance, especially meme tokens.

To read articles on meme coins click here.

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