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Today, October 1, 2024, Bitcoin prices witnessed significant fluctuations in the markets. The price of Bitcoin reached about $63,685, recording a decrease of 1.34% compared to the previous days. This decline was accompanied by a decrease in the market value of the currency to $1.26 trillion, with an increase in trading volume to about $35.66 billion during the last 24 hours.
On the other hand, expectations indicate that price fluctuations will continue due to global monetary policies and developments in the digital assets market, such as the US interest rate cut, which investors are watching with caution. #BinanceTurns7 #TopCoinsJune2024 #AirdropGuide #MarketDownturn #FavoriteToken
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Cryptocurrency market forecast for 2024 and beyond is influenced by several factors that intersect with technology, economics, and global politics. Here are some key points that could impact the market: 1. Adoption by large institutions and companies Major financial institutions such as banks and technology companies have begun to embrace and invest in cryptocurrencies, which could increase demand for them and enhance the relative stability of some assets such as Bitcoin and Ethereum. This trend could continue as more companies enter the market.
Hamster Coin is one of the small cryptocurrencies that started as a "Meme Coin", similar to coins like Dogecoin and Shiba Inu. These coins rely mainly on community interest and online hype rather than the strong economic or technical factors that support major cryptocurrencies like Bitcoin or Ethereum.
Regarding the future of Hamster Coin:
1. Community dependence: The future of meme coins like Hamster Coin is largely tied to the community that supports them, so if communities continue to promote them and increase trading, their price may rise.
2. High volatility: Meme coins are generally known for their high volatility, which makes investing in them risky, as they may experience rapid increases as well as sharp decreases.
3. Platform support: If Hamster Coin is adopted by more popular trading platforms, this may lead to increased liquidity and interest in the coin.
4. External factors: Any sudden events such as influencer statements or global events related to cryptocurrencies may significantly affect the price of Hamster Coin.
In general, it is difficult to accurately predict the future of small currencies such as Hamster Coin, as they depend on volatile factors and do not have a fixed economic or technical value that makes them more stable.