OMNIVERS CRYPTO

, #FetchAI
Fetch.AI (FET) is an interesting choice, especially if you are interested in the convergence of artificial intelligence (AI) and blockchain. This project aims to create a decentralized network where machines, applications and even data can interact autonomously, with various use cases, including in the logistics, transportation and finance sectors.

Key points about Fetch.AI (FET)

Autonomous agent functionality: Fetch.AI allows autonomous software agents to perform transactions and tasks independently. For example, an agent could book rides or manage inventories automatically.

Diverse use cases: The network is designed to optimize operations such as logistics (supply chain management), transportation (route optimization) and finance (automated trading).

Interoperability: The protocol can be used with other blockchains, which increases its usefulness in the crypto ecosystem.

AI/Blockchain Industry Growth: The rise of AI and blockchain, especially in areas like smart cities and automation, could help Fetch.AI grow.

Things to Consider

Volatility: Like all cryptocurrencies, Fetch.AI is subject to high volatility. Prices can go up and down quickly.

Technological Risk: Projects that combine AI and blockchain are still young, so there are risks related to technological advancements and real-world adoption.

Continued Research: It is important to monitor the project’s updates and analyze the advances and partnerships that Fetch.AI establishes, as this can influence its growth potential.

If you decide to invest, it may be worth starting with a small amount and following the news about the project closely.

#BTC (India)
India prepares for total Bitcoin ban😱
In a landmark statement, top Indian regulators and institutions consulted by the government have advocated a ban on private cryptocurrencies like Bitcoin and Ether, favoring the Central Bank Digital Currency (CBDC).
India strengthens its stance against Bitcoin
In July 2024, several Indian government experts spoke out in favor of a possible ban on private cryptocurrencies like Bitcoin and Ether, during preparatory consultations. According to a senior official who wished to remain anonymous, “CBDCs can do everything that cryptos do, with more benefits and less risks.”

India’s position is in line with the recommendations of the G20, of which India is a member. Indeed, the country adopted in September 2023 the IMF and Financial Stability Board (FSB) position paper, which authorizes member countries to impose strict restrictions on crypto, including a possible total ban.

Indian authorities nevertheless emphasize their interest in blockchain technology, which they wish to exploit for socially beneficial uses such as the tokenization of government securities and the targeted allocation of subsidies.
The digital rupee as a credible alternative?
The growing success of the digital rupee (e₹) pilot project strengthens the government’s position. Launched in November 2022 for the wholesale segment and then extended to the retail segment in December, the Indian CBDC now has more than 5 million users and 16 participating banks.

The State Bank of India (SBI) has already demonstrated the practical potential of CBDCs through an innovative pilot project in Odisha and Andhra Pradesh. This program allows tenant farmers to access loans specifically programmed for the purchase of agricultural inputs.

#teraluna The biggest crypto collapse, $300 billion evaporated in 72 hours!
In May 2022, the crypto world experienced one of its biggest debacles with the spectacular collapse of Terra LUNA, wiping out more than $40 billion in value in just 24 hours. This disaster, which shook the entire ecosystem, will remain etched as one of the biggest crashes in the history of digital assets.
A dizzying fall with devastating consequences
On May 7, 2022, the Terra ecosystem, created by Do Kwon and Daniel Shin, still dominated the crypto market from its offices in Singapore. Its algorithmic stablecoin UST, supposed to maintain perfect parity with the US dollar, had a capitalization of $18 billion, while the LUNA token peaked at $119.
The Anchor protocol, the cornerstone of the system, attracted investors with staggering returns of 20% per year on UST deposits.

But within 48 hours, the unthinkable happened. A massive wave of withdrawals exceeding $2 billion sent the UST faltering, breaking its parity with the dollar. This first crack triggered a catastrophic domino effect: the more the UST fell, the more the algorithmic mechanism created new LUNA tokens, precipitating their value towards zero.

The Terra Foundation Guard’s desperate attempt to deploy its Bitcoin reserves to stabilize the system proved futile. In less than 72 hours, LUNA and UST collapsed, wiping out the savings of thousands of investors.
A crypto earthquake with lasting repercussions
The shockwave of this disaster quickly went beyond the borders of the Terra ecosystem. Major players in the sector such as Celsius, Voyager and Three Arrows Capital have successively declared bankruptcy, victims of their exposure to the disaster. The global capitalization of the crypto market has thus plunged by more than $300 billion.

Crypto and trading: AMF and ACPR update their blacklist of fraudulent sites

The Stock Exchange regulator (AMF) and the Banking and Insurance sector regulator (ACPR) warned the public on Tuesday against new websites offering investments in the foreign exchange market and crypto asset derivatives without authorization. "With the aim of protecting savers, the Financial Markets Authority (AMF) and the Prudential Supervision and Resolution Authority (ACPR) regularly update their blacklists of sites identified as offering investments in the unregulated foreign exchange market (Forex) and in derivative products" linked to "cryptoassets (cryptocurrencies: Editor's note), without being authorized to do so", specifies the joint press release from the two regulators.

On Forex, 13 recently identified players are added to the AMF and ACPR blacklist: www.asset-ace.org, essentrafinance.com, fintrexcap.com, fusionfx-solution.com, gmiglfx.com, insideinvest.pro, investingideas.world, jetaxtrade.pro, lockedintrading.co, market2trade.com, norvatix.io, onex-trade.com, www.xportal-management.com. For crypto-asset derivatives, the 11 new sites reported are btceprex.net, capitagains.net, cbleurope.com, coineurocapital.co, cryotoxtrade.com, interbrokers.pro, nettradecap.com, oxtrades.com, romforinvest.pro, same-academy.com, tadeero.com.

Here’s a breakdown of the top five meme coins in October 2024:

1. Dogecoin (DOGE): Launched in 2013, this is the most famous meme coin and continues to enjoy massive adoption. Dogecoin remains a mainstay in the humorous cryptocurrency market, backed by a strong community and personalities like Elon Musk. However, it may face increasing competition from newer, innovative cryptocurrencies.

2. Shiba Inu (SHIB): Often called the “Doge Killer,” this meme coin has quickly risen in popularity thanks to an active community and additional features, such as the ShibaSwap ecosystem. However, scalability challenges may hamper its future growth.

3. Pepe (PEPE): Inspired by the famous “Pepe the Frog” meme, PEPE is one of the hottest meme coins. Its vibrant community and cultural aspect have made it a popular choice in 2024, despite price fluctuations.

4. Bonk (BONK): This Solana-based meme coin stands out for its transaction speed and growing ecosystem. Launched in late 2023, BONK has been able to attract Web3 users with its DeFi applications and games.

5. Floki Inu (FLOKI): Inspired by the Shiba Inu dog and the “Vikings” character, FLOKI has introduced unique projects such as prepaid debit cards and play-to-earn games. It stands out for its features in the metaverse and NFTs.

These projects all show promising signs, but they are still high-risk investments, so it is advisable not to invest more than you are willing to lose.

Over the past week, Bitcoin (BTC) has shown signs of a slight recovery after breaking above $66,500, a key resistance level. This critical area has been tested several times and is an important target to confirm the short-term uptrend. However, BTC is still locked in a consolidation between $59,000 and $66,500, an area where selling pressure remains significant. The market is showing buying interest, but the momentum is not yet strong enough to break above this level in a sustained manner.

This week’s technical analysis also reveals that the 50-day moving average has been re-entered, which is a positive sign, but the cryptocurrency remains below its 200-day moving average, questioning the stability of the medium-term trend. Indicators such as momentum and oscillators show a see-saw pattern, with a slight uptick followed by minor corrections.

Short-term outlook:

If BTC manages to close above 63,500 11112781330 and then break above $66,500, it could pave the way to 68,500 11112781330 and beyond. This would be a strong signal of a stronger bull market recovery.

Otherwise, a correction towards 59,000 11112781330 remains a possibility, especially if selling pressure increases at these levels.

Investor advice:

In the short term, investors should closely monitor the critical levels around 66,500 11112781330 and be ready to react quickly depending on the market direction. A rise above this level could herald a new bullish wave.

For longs, now may be a good time to accumulate, especially in corrections below $60,000, with a long-term view. The 2024 halving could fuel a new bull run, potentially pushing the price towards $67,000 by year-end and well beyond in 2025.

Solana (SOL) price has surged 12% in the past week, approaching a crucial resistance level at $171.
Momentum indicators are showing continued buying pressure, but an RSI near 70 suggests possible selling pressure.
Beware of Impulsive and Emotional Decisions
Solana (SOL) has seen a strong rise in value, registering a 12% increase over the past week. The altcoin is currently trading at $170.16, just below its crucial resistance level at $171. If the asset maintains its momentum, Solana price could eventually break through this resistance during its current trading session.

A successful breakout would then pave the way for further upside for the altcoin, with the next major hurdle at $186.32. If SOL can overcome this resistance, it could eventually reach the $200 mark. One question, however, remains: how soon?

Solana is experiencing a surge in activity
Solana’s main momentum indicators, assessed on a daily chart, confirm the recent increase in demand for this altcoin. For example, its Relative Strength Index (RSI), which tracks its overbought and oversold market conditions, is showing an uptrend at 68.50.

The values ​​of this indicator range from 0 to 100; values ​​above 70 suggest that the asset is overbought and could soon see a correction. On the contrary, values ​​below 30 indicate an oversold condition and hint at a possible rebound.