#CryptoAMA Technical and fundamental both have their importance. I personally rely on 20%fundamental, and if your technical skills are strong and can identify liq zone you can 👌
XRP Price Sets Mid-Term Target at $2.3: Altcoin Shows Major Bullish Signals for the First Time in 7 Years
The XRP price chart is showing numerous bullish signals that could push it to $31 in this bull cycle. The altcoin is currently trading above a 7-year trendline. This move is considered a bullish sign that has not been seen in 7 years, and a mid-term target of $2.3 has been set.
Bitcoin’s encounter with the next major resistance at $68,000 has also created huge anticipation for altcoins. With bullish expectations for the fourth quarter and the start of the green alt season, many altcoins are showing strong bullish signs for explosive gains in the coming months.
XRP Shows Bullish Signals That Have Not Been Seen in 7 Years
Ripple’s XRP has been showing incredible bullish signals since 2017, indicating that it finally has the potential to make a parabolic comeback. The XRP rally in 2017 was unprecedented; With the successful SEC lawsuit being resolved in XRP’s favor, there is a possibility that we will see a similar increase in this bull cycle.
Various analysts have highlighted numerous bullish signs on the XRP price chart. From forming a significant “golden cross” to mirroring the chart pattern of the 2017 bull run, the peak of XRP’s bull cycle has been fluctuating between $6 and $31.
One analyst has made a positive observation by observing the XRP price chart. He notes that XRP is trading above the 7-year trendline on the RSI. If it closes above this price level this week, XRP will have formed its strongest bullish sign in the last 7 years.
$XRP XRP is giving important bullish signals by breaking above a 7-year trend line. Analysts predict that the price of XRP could rise to $2.3 this cycle. With Bitcoin approaching $68,000, a major rise is also expected in altcoins. It seems possible that XRP will explode like in 2017 after the conclusion of the SEC case. If the $0.64-0.65 level is exceeded, the $0.75 and $1 targets may come to the agenda. It is emphasized that investors should be careful.
Current Status for Those Investing in Shiba Inu 🚨$SHIB
Shiba Inu ($SHIB ) is a meme coin inspired by Dogecoin that was launched in August 2020. Here’s what you need to know:
Events: Shiba Inu launched on the Ethereum ($ETH) network and created a decentralized exchange called ShibaSwap. It’s currently traded on major platforms like Coinbase, Kraken, and Robinhood.
Numbers:
Starting Price (August 2020): $0.00000000051 per token
$100 Investment: You could have bought 196,078,431,373 SHIB.
Today’s Value: At the current price of $0.0002027, your investment is worth $3,974,509.80.
All-Time High: Reached $0.00008845 in October 2021. At that point, your $100 investment was worth $17,343,137.25!
Future: Developer Shytoshi Kusama says they are working on new projects, including a stablecoin called SHI. SHIB’s increasing burn rate has supported recent gains, with the coin up 12% in the past day and 44% in a week.
Key Point: This is a striking example of how small investments in cryptocurrencies can yield big returns. While not every coin performs this way, Shiba Inu shows that early investments can yield huge rewards.
SHIB Price Action:
52-Week Range: $0.000006688 to $0.00004534. With Shiba Inu making a name for itself with its innovative moves, the future looks promising for this meme coin.
Recently, an on-chain report revealed a remarkable return story in the crypto world. A user bought 30.1 million MOODENG tokens for 6 SOL (about $815) 17 days ago, and that investment has increased 11,543 times today, reaching a value of about $9.4 million.
But while such gains are attractive, it is important to approach the numbers with caution. Meme coins often operate like casinos, attracting investors willing to take risks. Most people lose, while only a small fraction make big gains. In traditional investments, about 10% of investors make incremental gains, while in the meme coin market, the rate is much lower; only 1% make gains, and less than 0.01% make such big gains.
The main forces behind meme coins are insider knowledge, speculation, and hype. Investors who make big gains are often connected to the teams of these projects or have inside knowledge. These people make money by buying coins before they are released to the general public or by using strategies that are not available to ordinary investors.
For the average investor, investing wisely is not like winning the lottery; everyone hopes for a 10,000x return on the next meme coin. It is critical to proceed with caution in this area. Such news may create great excitement, but most participants in the meme coin market lose their investments.$SOL
In 2014, Zhao Changpeng sold his Shanghai home and spent the 1.1 million yuan he earned on Bitcoin. After that, housing prices in Shanghai doubled, while Bitcoin prices dropped by a third. However, this made Zhao known in the cryptocurrency world.
At an event in March 2014, Zhao met OKCoin founder Xu Mingxing and joined OKCoin as a technical director in June, also handling international business. However, Zhao left shortly after disagreeing with OKCoin.
He founded Binance in July 2017 and launched the platform just 11 days after raising $15 million in public funding. The platform immediately attracted a lot of attention from users.
The upcoming US presidential election has sparked intense discussions in the crypto industry about how the price of Bitcoin (BTC) will be affected. One analyst has made optimistic predictions that Bitcoin will reach $100,000 regardless of the election results.
ETFSwap (ETFS) is a platform that offers tokenized ETF trading on the blockchain. Users can trade quickly without filling out KYC forms and use up to 500% leverage. ETFS offers investment opportunities and staking rewards as the platform’s native token.
For Bitcoin, analyst Steve Lubka has stated that BTC could hit $100,000 after the election, while Tyrone Ross believes that the election results will not have a major impact on Bitcoin’s performance. BTC is currently trading around $63,000, having typically fluctuated between $55,000 and $70,000 in 2024.
As a result, both Bitcoin and ETFSwap are expected to make significant gains. The ETFSwap token is currently selling for $0.03846, suggesting that investors could make huge gains.
Following FTX’s collapse, bankruptcy documents show that creditors are expected to recover only 10-25%. FTX creditor Sunil Kavuri noted that the refunds were based on the cryptocurrency’s price at the time of the bankruptcy, which has caused great dissatisfaction among creditors. For example, Bitcoin was worth around $16,000 at the time of the bankruptcy filing, but is currently worth around $65,640.
Kavuri argued that FTX founder Sam Bankman-Fried violated his property rights by using customer funds to pay off other debts. He also noted that in September 2024, FTX reached an agreement to seize $600 million worth of Robinhood shares to repay creditors.
In addition, there has been widespread opposition to FTX’s restructuring plan. A US trustee has objected, claiming that the plan overprotects executives. The SEC has also said it may oppose the plan if it includes refunds in stablecoins. This has raised questions about investor protection mechanisms in the crypto sector.
Bitcoin (BTC) price is focusing on making 11% gains on a monthly basis, holding the $65,000 support as of September 29. A popular trader has stated that BTC could have one of its most successful months in September.
In recent days, BTC has consolidated as the month ends, reaching a two-month peak of $66,500. If the monthly close is like this, it could be the strongest green candle in 2024.
The US Dollar Index (DXY) has fallen to its lowest levels in recent years, creating a positive environment for risk assets like BTC. Analysts predict that the decline in DXY could lead to Bitcoin rising. Titan of Crypto has set an intermediate target of $85,000 for BTC.
This article does not contain investment advice; every investment decision carries risk.
Celestia has announced a $100 million funding round led by Bain Capital Crypto, taking a significant step forward in blockchain scalability. Its total funding has reached $155 million. Co-founder Mustafa Al-Bassam said that Celestia has developed a technical roadmap to move its blockchain from dial-up to broadband and now to the fiber optic era. $TIA
In other news, Andreessen Horowitz (a16z) has invested $5 million in decentralized science project AminoChain. AminoChain aims to provide patients who donate biological samples with transparency over how their donations are used.
There have also been other significant funding rounds, including Polymarket looking to raise more than $50 million in new capital, Initia raising a $14 million Series A round, and Mawari Network raising more than $10 million in strategic funding. Daylight has closed a $6 million funding round.
🔥 Don’t Neglect $HAMSTR! Meme coins, like $HAMSTR, haven’t been pushed out of the game, even if they haven’t had a roaring start. Remember $PEPE, which exploded on major exchanges like#Binanceafter months of being ignored? 🚀
Sure, $HAMSTR has a high supply—120 billion tokens—but that’s part of the strategy. “Tier 2” reserves are designed to reward holders and build long-term value. Selling now could mean missing out on future gains. It’s early days, and those who are patient will likely reap the rewards.
📈 Bottom line: Don’t panic sell because you’ve had a bumpy ride. Be patient, and you could be part of the next big boom.#HAMSTR#MemeCoins#Binance#PatiencePatisReward
A Ripple expert warned XRP investors that the price could fall "drastically". In this uncertainty, he suggested investors turn to a new cryptocurrency called RCO Finance (RCOF). RCOF is said to offer a 5000x profit potential. $XRP
While the price of XRP remained at $ 0.58 on September 23, this shows that expert Jackis' analysis was not immediately effective. However, it is predicted that XRP could rise to $ 0.67 by the end of 2024 and experience a 15.52% increase.
RCO Finance attracts attention by offering investors an AI-powered robo-advisor. This tool helps them make smarter investment decisions by analyzing market trends. RCOF's presale price is $ 0.0343 and it is estimated that this figure could rise to $ 0.0558 in the next stage. RCOF, which early investors bought at $0.01275, is thought to be listed in the $0.4-0.6 range.
Considering XRP’s weak support levels and possible declines, the growth potential offered by RCOF seems more attractive to investors.
This article introduces the best cryptocurrencies for long-term investment and highlights the potential to make big profits with small investments of $10 to $50. The five cryptocurrencies on the list are:
1. 5thScape (5SCAPE): An ecosystem that combines virtual reality (VR) and blockchain. It offers high staking returns during the presale period and provides in-game earnings.
2. LuckHunter (LHUNT): Offering a gamified ecosystem, this project allows users to hunt for rewards and treasures. It can be staked to earn passive income.
3. Ethereum (ETH): The basis of DeFi and DApps. It has the potential to grow in the long term with continuous development and adoption.
4. Solana (SOL): A blockchain that offers high transaction speed and low costs. An important alternative with the speed and efficiency that attracts developers.
5. Binance Coin (BNB): The utility token of the Binance exchange. It attracts attention with its multiple use cases and potential for continuous value growth.
The article states that the LuckHunter and 5thScape projects present the most innovative and exciting opportunities. These projects offer the potential for long-term growth and profit.
The main point of yesterday's article is that a rapid decline is necessary, because only a rapid rate cut can lower the "marginal interest rate" of credit.
A 50 basis point cut in November is not a big deal and creates some soft expectations. I'm not too worried about a soft landing. Other than that, the above situation seems like the best-case scenario for BTC.
The risk of the economy weakening a bit means that US financial policies could change quickly. Also, if the US makes large rate cuts, China will strengthen its fiscal policies.
They used to keep interest rates low because they didn't want the exchange rate to fall too much; but now that the US has changed that, China won't need to do that either.
Japan's consumption problem is mainly related to the exchange rate. Before 2012, Japan's working population per capita was in line with the US. However, there have been losses due to the aging population, which is a natural phenomenon.
After 2012, Japan's exchange rate began to depreciate, and as a result, Japan's GDP per capita began to lag behind the US; it is now only half that of the US. This situation led to the working population receiving low wages and the decline in consumption as this population became the main consumer, creating a vicious circle.
In order to reverse this problem, Shi Pomao needs to make some changes to the exchange rate. A strong currency = strong domestic consumption. This situation is clearly seen in China, Japan and the US.
Of course, it is difficult to keep the exchange rate stable due to Japan's high debt. Therefore, it is necessary to reduce government spending, reduce debt and restrict the money supply. In short, this is the opposite of Abenomics policies.