Render vs. Theta: Why Millennials Are Betting Big on Digital Art Over Decentralized Video Platforms

On a recent survey done by Bitpanda shows that millenials and gen z are diving on the adoption of cryptocurrencies all over the world. Therefore, any crypto appealing to them have a high chance of booming in the crypto space. Considering that, what do you think of Render and Theta? Which of these is favorite among the millenials?

Render Network is for crypto enthusiasts who are involved in digital art and 3D content creation. It relies on GPU network, connecting anyone looking to monetize their idle GPU cycles with those who need it.  Since GPU tech is a rapidly expanding market , Render has a lot going for it. Render hit its all time high price of $12 in last March. However Render is only at $5.72 now, with limited potential since GPU space is starting to intensify.

About Theta, it is a Layer1 blockchain  and decentralized infrastructure for Video, AI & Entertainment use cases was launched more than half a decade ago. It recently expanded its reach by collaborating with huge institutions. But since a price boom three years ago, Theta has mostly struggled. It is just $1.29 today falling harshly from its all time high of $13. Even the successful year for ERC20 tokens couldn’t save theta, it barely got anywhere close to its ATH. People suspect it might be because it was ahead of its time, as decentralized industry is yet to be developed.

Regarding this, we can conclude that in recent times Render seems more appealing to the Millenials than Theta. Gaming and video editing is more mainstream than ever in modern days and people constantly want to invest on things on trend thereby securing a stable market for Render. Meanwhile Theta is certain to bounce back as decentralized infrastructure evolves.

SUI’S Market Rollercoaster and Resilience Amid Growth

SUI’s Price Drop After Hitting a High

On October 4, Sui suffered a massive dip. It dropped over 15% after experiencing a high of $1.97 for six months. The token took a massive loss and fell down to $1.62 before recovering slightly to $1.78, which leaves it 4% down. Its market value also dropped from $5.46 billion to $4.45 billion during this sad turn of events for SUI and SUI enthusiasts.

Token Unlocks, Market Moves, and Profit Rotations

Unlocking of 64.2 SUI tokens coincided with the steep price drop, which might cause volatility. However, the value decrease of SUI wasn’t as bad as anyone would expect. The value degrade wasn’t a complete downfall because SUI was experiencing high value for over 6 months which has kept investors optimistic about the project’s long-term potential.

Some market investors as well as watchers believe that traders shifted into Aptos (APT), a competing layer-1 blockchain hoping to gain short-term profit. Despite its low tide, SUI had 6 months of high tide which has rapidly grown SUI’s ecosystem, with its total value locked (TVL) hitting $1 billion, up from $383 million in August. Several factors have helped SUI gain such strong momentum, for example partnerships with companies like Circle and Atoma. Partnerships are also helping SUI broaden its utility across decentralized finance and blockchain-based AI.

Signs of Recovery and Future Growth

Despite the volatile nature of the layer-1 blockchain, technical indicators suggest that SUI might be heading for a recovery. The token is holding above the middle Bollinger Band ($1.55), and the Average Directional Index (54) points to a strong trend. With such a steady growth in its ecosystem and key partnerships with innovative companies, SUI remains well-positioned for future expansion and does show a sign of potential bullish momentum.

Will BTC Hit $200K Next Year ?

The name Dave The Wave is famous in the digital world for his near-perfect accuracy on market predictions. He has again predicted a dramatic change in one of the leading cryptocurrencies by the end of 2025. Given his track record of successfully calling out and predicting market trends in the past, several Blockchain enthusiasts have their notebooks out for a delightful reward.

Dave the wave makes a subtle prediction on the future of Bitcoin.

Through a combination of technical analysis and the use of his Logarithmic Growth Channels(LGC), he has forecasted a dramatic price increase for the leading cryptocurrency Bitcoin. He predicts an increase of 214% from its current value making the price value of BTC $200,000 which is an absurd amount. He further supports and shows a positive outlook for Bitcoin in the coming years.

Dave the Wave who has accurately predicted previous market moves shared another forecast on the potential future of Bitcoin. He predicted bitcoin hitting a remarkable value of $200000 on X (Formerly Twitter), He based his prediction on his own Logarithmic Growth Channels(LGC). LGC is used to determine short-term volatility as well as long-term market trends. He also mentions Bitcoin forming a cup-and-handle pattern on weekly charts. He also notes that BTC appears to follow a strange pattern of higher highs and higher lows which suggests a strong bullish momentum.

A Famous Name, Dave the wave forecasted Bitcoin hitting a wildly absurd milestone of $200,000 market value. He also expressed good outlooks for Bitcoin in the future.

FTX Repayments: Could $16 Billion Spark the Next Crypto Bull Run?

The Potential for a Bull Run

The idea of FTX starting a bull run comes from risk-hungry investors. This belief might turn out to be a risk worth taking or it might also nosedive into the abyss. With Bitcoin steadily breaking all bounds and reaching new heights daily, FTX repayment might join in and align itself with a broader crypto market. This could also cause further growth in the crypto space.

Will the Market React Positively?

Not all creditors are thrilled about receiving cash instead of crypto. This is to be expected everything is bound to have 2 sides and in this case, most investors and creditors seem to be on board with a potential bull run while a certain amount has a skeptical view.

Ready For Bitcoin’s Big Dump If No Rate Cut?

Almost everyone will be keeping an eye on tomorrow’s Fed Meeting. US interest rate has never seen a rate cut for 4 years since COVID-19. Now, everyone is expecting a rate-cut decision tomorrow. The debate is – will it be 25 bps or 50 bps?

What if there occurs no rate cut?

  • If no rate cut, both crypto and stock markets will go into panic mode.
  • Risky and volatile assets like Bitcoin and crypto are highly affected.

Chances: Almost 0%

fed rate cut Bitmala

What if there occurs a rate cut?

  • Cheaper money comes into the market
  • Money printer starts again
  • People will invest more in risky and volatile assets like $BTC

Is this news already priced in?

  • Simple answer: Yes.
  • Longer answer: Yes, 25 bps rate cut has been priced in; but If it is a 50 bps rate cut, we might witness a bigger pump in $BTC price.

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Crypto Market Feels The Pain of September

In this article [Gen-Z summary]:

Bitcoin’s been on a rollercoaster ride. After the halving, prices took a nosedive. We’re in a crypto slump, and September’s not helping. But hey, when everyone’s freaking out, it might be a good time to buy.

Usually the crypto market uptrends after the halving events of Bitcoin. In 2016 and 2020, Bitcoin continued to rise above the price of halving day.

But this time is a different scenario. Bitcoin was at $63.5k on the halving day of April 2024 and now $BTC is trading at $57,000. This bitcoin trend is dragging the whole crypto market down. Will this pain continue throughout September? Let’s find out.

Screenshot 2024 09 05 at 1.06.31 AM Bitmala

September is probably the worst month for not only crypto but also for stocks. However, we should be alert that the bottom is nearby as September passes.

Screenshot 2024 09 05 at 1.15.02 AM Bitmala

Fear & Greed Index is at 29. Last month was extreme fear at 17.

In these times, we need to remember one thing: “buy when everyone is fearful, and sell when everyone is greedy”. Is it the right time to buy or sell? Decide.

Everyone must remember what happens after September ends in halving the year of Bitcoin. If you don’t know this, check out the chart of Bitcoin on a monthly timeframe.

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“Fed Rate Pivot” Can Bring Turbulence on SP500, Bitcoin & Gold

Fed pivot is arriving this September. Probabilities favor a rate cut when the Fed meets on Sep 18, 2024.

Screenshot 2024 09 02 at 8.48.48 PM Bitmala

What happens to SP500, Bitcoin & Gold if the Fed rate cut arrives?

1. SP500

Screenshot 2024 09 02 at 8.52.15 PM Bitmala

SP500 crashed when a rate cut happened in 2000, 2007, and 2019.

2. Bitcoin

Screenshot 2024 09 02 at 8.59.27 PM Bitmala

Bitcoin crashed when a rate cut happened in 2019.

3. Gold

Screenshot 2024 09 02 at 9.02.48 PM Bitmala

Gold crashed when a rate cut happened in 1989, 1995,
Gold rallied when a rate cut happened in 2000, 2007, and 2019.

Now what happens in September?

Based on these charts, SP500 is highly likely to crash when the Fed cuts the rate. But since Bitcoin & Gold are considered “hedging assets”, we can compare $BTC more closely to Gold. And both are likely to rally by the end of September with a Fed rate cut.

What do you think? Will $BTC crash like in 2019 or align with Gold by rallying up?

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Major Memecoins Bottoming Out. Will This Be The Greatest Entry?

Heard of someone turning $100 into 100k or maybe $1k into a million? Well, there are lots of such stories in crypto. But how?

Memecoins are the lottery tickets to these stories. People got an ROI of 100x-10000x from $DOGE, $SHIBA, $FLOKI, $BONK, $TURBO, etc. They are usually driven by the community without any utility. Now, the real question is “when is the right time to buy memecoin”.

Looking at the price chart of top memecoins, Bitmala team has discovered a potential pattern.

Screenshot 2024 09 01 at 8.11.43 PM Bitmala

DogWifHat ($WIF) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.12.13 PM Bitmala

Shiba Inu ($SHIB) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.12.43 PM Bitmala

Dog Runes ($DOG) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.13.06 PM Bitmala

Turbo ($TURBO) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.13.32 PM Bitmala

FLOKI ($FLOKI) looks extremely oversold at the current price with a stochastic RSI of 20.

Screenshot 2024 09 01 at 8.14.36 PM Bitmala

BONK ($BONK) looks extremely oversold at the current price with a stochastic RSI of 10.

Screenshot 2024 09 01 at 8.15.11 PM Bitmala

Dogecoin ($DOGE) looks extremely oversold at the current price with a stochastic RSI of 20.

Do you see a bottom here? Are you buying any memecoins in this market?

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Bitcoin Rally Nearby As 18th Week After Halving Coincides With Fed Rate Cut

Bitcoin’s price has the potential to cross $100,000 mark in this 4th cycle. But the market always does the opposite of what the crowd thinks of.

Screenshot 2024 08 30 at 9.30.03 PM 1 Bitmala

What happened during previous halvings?

  • 2016: For 18 weeks, $BTC was volatile ranging from $670 to $470 (-31%)
  • 2020: For 18 weeks, $BTC was less volatile ranging from $9,500 to $8,500 (-11%)
  • 2024: For 18 weeks, $BTC is volatile ranging from $71,500 to $49,500 (-31%)

$BTC price actions are painful after 4th Halving Event (April, 2024) resembling with 2nd Halving Event (July, 2016). It was painful during Q3 of 2016 just like it is happening now. But the buyers of 2020 period will not understand this as they did not suffer like this.

Price of $BTC at halving is usually marked as lowest price of Bitcoin before mega rally. Will this be true this time?

We’re at 18th week after the 4th halving event. Fed meeting is happening just 3 weeks from today. And there is a high probability of the Fed cutting the rates. Rate cuts make money available in the market more easily. Even though the history of rate cuts shows bearish price action at the beginning, it eventually triggers the mega bull trends.

Bitcoin’s weekly stochastic RSI is sitting at 20 and has enough room for move towards 80. This movement can break 6-digit price for the first time for Bitcoin.

  • Momentum is signaling for $100k
  • Fed rate cut is signaling for $100k
  • History of PA is signaling for $100k

Do you think $BTC will be above $100,000 before 2025?

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