Cryptocurrency

The 200-day EMA is a crucial technical level that traders frequently monitor, and it is currently where XRP is finding resistance. As can be seen from the attached chart, XRP is battling this crucial resistance by circling around the $0.55 range. The asset might avoid the death cross if there is a successful break above the 200 EMA and the start of a new uptrend. Another sign of a decision point is the converging EMAs. Should XRP be able to maintain its position above this barrier, new bullish momentum may be generated, which would enable the token to keep rising. Conversely, if XRP is unable to overcome the resistance, it could be forced back downhill, which would raise the possibility that the death cross will occur. XRP’s future is now largely dependent on its ability to overcome this significant resistance level. The asset may be able to avoid the approaching bearish signal and start a long-term uptrend, or the market may experience additional selling pressure in the coming weeks. These developments will be determined by future price movements. For more clarity as to what direction to take, observe the volume and price reactions in the upcoming days.Technically, it is significant to break above $66,000, but in the absence of significant buyer interest, it is meaningless. The low volume raises the possibility that bulls may lack the momentum necessary to maintain a strong uptrend, endangering the possible rally. This buyer reluctance suggests that there may be obstacles in the way of Bitcoin’s push toward $70,000. The amount of $65,900 is the next immediate support level. The bullish argument for Bitcoin could be further undermined if the price drops back into a consolidation phase if it is unable to maintain above this level. But if Bitcoin is able to maintain its price above $66,000 and draw in more buyers, there may still be a push for the price to rise, perhaps reaching $70,000. Bitcoin is still at a crucial point right now. The confirmation that bulls are prepared to take over and push prices higher requires a significant spike in volume. If not, this breakthrough might prove to be a false indication, making Bitcoin susceptible to downward pressure. But now that Dogecoin has surpassed the crucial $0.13 threshold, the pattern is no longer valid. In contrast to reverting to its previous bearish cycle, breaking through this top indicates that Dogecoin may be preparing for a long-term uptrend. This break is important because it allows DOGE to rise even higher, particularly if buying pressure keeps increasing. The next significant obstacle may be well into higher price levels, which would give bulls ample opportunity to drive the price higher now that $0.13 has passed. Since Dogecoin has reversed the script by moving above the double top pattern, which normally indicates weakness, invalidating it is especially crucial. This makes room for a more hopeful scenario in which DOGE keeps growing. Although volatility should always be taken into account, Dogecoin’s recent performance suggests that a long-term bull run may be in the cards. DOGE may target even higher levels if buyers keep buying and drive the price above significant resistance levels. As the breakout continues, however, the move past $0.13 is encouraging for Dogecoin fans for the time being, and there appears to be a good chance for additional gains. In the upcoming days, monitor the market’s response to determine whether this rally has genuine enduring strength.This article was originally published on U.Today More

The Securities and Exchange Commission (SEC) had in January approved the bitcoin ETFs to track bitcoin, in what was a watershed for the world’s largest cryptocurrency and the broader crypto industry.Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF, the Grayscale Bitcoin Trust BTC and the iShares Bitcoin Trust ETF are among funds that received the approval on Friday. The index options – listed derivatives offering a quick and inexpensive way to amplify exposure to bitcoin – on a bitcoin index would give institutional investors and traders an alternative way to hedge their exposure to the world’s largest cryptocurrency. Options are listed derivatives that give the holder the right to buy or sell an asset, such as a stock or exchange-traded product, at a predetermined price by a set date. The regulator last month approved listing and trading of options for asset manager BlackRock (NYSE:BLK)’s, exchange-traded fund on the Nasdaq. More

Ape On, the most secure and efficient token launch platform, is reshaping decentralized finance (DeFi) on the Solana blockchain. With its unique token locking feature powered by Jupiter Lock, Ape On is designed to provide unmatched security and transparency, making it the best and safest way to launch and buy tokens in the crypto space.Token Locking for Enhanced TransparencyApe On offers a revolutionary token locking mechanism that allows project creators to lock their tokens for a designated period, ensuring that investors are protected from early token dumps. This powerful feature builds long-term trust between creators and the community, making Ape On the safest platform for investors to participate in early-stage projects. With token locking, investors can confidently engage in projects knowing their investments are secure.As DeFi continues to evolve, Solana’s low transaction fees and high-speed processing make it an ideal environment for innovative platforms like Ape On. However, despite its technical strengths, Solana’s ecosystem needs secure, transparent investment methods to encourage long-term participation and project stability. Ape On’s token lock and transparent launch process fill this gap by promoting fairness and trust in the growing Solana ecosystem.Ape On is set to go live on mainnet on October 20th, with RPC (NYSE:RES) infrastructure powered by Heliuslabs, locked and ready for the big day. The platform’s debut on mainnet marks the beginning of a new chapter in secure token launches on Solana.About Ape OnApe On is a next-generation platform on the Solana blockchain, offering the best and safest way to launch and buy tokens. With its Jupiter-powered token locking mechanism, Ape On provides security and transparency, setting the gold standard for token launches in DeFi. By focusing on long-term stability and community trust, Ape On fosters growth in the crypto ecosystem.For more information, users can visit Ape On or follow Ape on on TwitterContactCMOJoe GeorgeApe Onhello@apeon.itThis article was originally published on Chainwire More

Speaking on “The Big Money Show,” Pompliano emphasized that traditional finance players are overthinking the simplicity of the cryptocurrency, which in his opinion will ultimately lead to a massive shift of capital into Bitcoin.As the price of the major cryptocurrency hovers around the crucial $68,000 mark, with potential for growth toward $70,200, Pompliano highlighted the core principles that make Bitcoin a standout investment. Its fixed supply of 21 million coins and resistance to government monetary policies are among the key factors driving long-term value. As Pompliano underscores, the success of the major cryptocurrency lies in its simplicity, contrasting sharply with Wall Street’s need for complex financial products, such as options, leverage and paper Bitcoin like ETFs and futures.As Bitcoin continues to test the $68,000 level, the market is closely watching for signs of a breakout toward $70,000 per BTC.The epic prediction by Pompliano adds further weight to the growing belief that Bitcoin is poised for another surge, particularly as institutional investors begin to realize its long-term potential.This article was originally published on U.Today More

Today marks the official launch of KERORO, a new meme coin built on the Solana blockchain, which has debuted with a market cap of $4.5 million. Positioned within the meme coin market, KERORO draws on Solana’s high-speed, low-cost transaction capabilities to establish itself as a community-driven project.KERORO’s Vision and MissionKERORO, inspired by the iconic character known for its charm and cultural impact, brings a fresh, vibrant energy to the cryptocurrency world. With its roots firmly planted in the Solana blockchain, known for its high performance and efficiency, KURORO is not just a coin; it’s a cultural phenomenon that promises to redefine the meme coin narrative.Key Features of KEROROSince its launch, KERORO has seen an enthusiastic response, with its market cap quickly soaring to $4.5 million. The KERORO team expects that KERORO’s market cap could increase in the coming weeks due to its growing popularity and the unique dynamics of meme coin markets.Trading InformationKEROROis available for trading on major Solana-based exchanges such as Jupiter, Bullx, and Raydium. Users interested in the project can trade KERORO and join the community through its social media channels and online platformsKERORO’s Telegram: https://t.me/kerorocultKERORO’s X: https://x.com/kerorocultContract Address: 2Z6TocWzKtddxVe9kxCB3j3A339Z6CDiut5k3a9ApumpAbout KEROROKERORO is more than just a meme coin; it’s a celebration of community, creativity, and the spirit of the internet. Built on Solana, KERORO aims to bring joy and opportunity to all its holders, proving that finance can be both serious business and serious fun.Contact:https://visionary-marketing.co.ukContactMrChristopher Coussonshttps://visionary-marketing.co.ukchris@visionary-marketing.co.ukThis article was originally published on Chainwire More

“Never in the history of Bitcoin have whales been buying BTC this aggressive,” Francois wrote.This highlights that the current accumulation of Bitcoin by whales has surpassed records previously set on the market. Experts say this kind of purchase by these large holders signals renewed confidence in Bitcoin’s future price appreciation.Notably, whales go on a “shopping spree” for an asset when there are indications of positive price movement or an advantage to gain. This could result from an expected positive event, such as the likelihood of the price hitting a new level.Notably, many traditional investors are beginning to embrace digital assets through exchange-traded funds (ETFs), which have helped boost the number of whales on the market.Since BTC whales usually have market insights beyond retail investors, some experts consider their accumulation strategic. Like chess players, it appears that Bitcoin whales are strategically accumulating the asset and might turbocharge the Uptober run in the push for a new Bitcoin ATH.This article was originally published on U.Today More

Saylor’s tweet resonated as many in the Bitcoin and broader crypto community shared this sentiment. His message was seemingly a warning to crypto holders: those who hesitated to buy or accumulate more may soon find themselves wishing they had acted sooner. This sentiment is consistent with Saylor’s long-held belief in Bitcoin’s potential as a store of value and a hedge against inflation. His latest statement also underscores his unwavering confidence in Bitcoin’s long-term prospects. At the time of writing, BTC was up 1.22% in the last 24 hours to $67,803, and up 10.50% weekly. The largest cryptocurrency is currently down 8.07% from its all-time high of almost $74,000 attained in March.Saylor is estimated to own about $1 billion in Bitcoin; about four years ago, the executive chairman of the largest public corporate holder of Bitcoin revealed in a tweet that he possessed 17,732 Bitcoin and had not sold any of the digital tokens.MicroStrategy shares have risen nearly 1,000% after the company began purchasing Bitcoin. Microstrategy (NASDAQ:MSTR) Shares have continued to rise, with the premium on the value of Bitcoin holdings recently reaching a three-year high. Bitcoin has surged more than 500% since MicroStrategy began its acquisition.This article was originally published on U.Today More

However, in the last month, they sold 500 BTC for about $32.13 million. After these transactions, the investor currently holds 301 BTC, equivalent to roughly $20.42 million, resulting in a total profit of $44.28 million.Meanwhile, the price of the major cryptocurrency continues to circle around the crucial $68,000 level. With no sellers in sight, the consensus opinion at this stage is that if the price holds there and the growth continues toward $70,200, it could mark the beginning of a new wave of growth.This logic is based on the fact that BTC has reached the target of $68,550, which is the final target from a technical point of view, with $52,500 as the starting point and key support currently at $65,800. On the one hand, consolidation below this level in the longer term would open the door to levels as low as $63,000 and $55,800 per BTC. On the other hand, as long as we are closer to $70,200, the tug-of-war rope is on the bulls’ side.From this point of view, if the price of Bitcoin remains in a sort of equilibrium, the actions of the so-called “diamond hand” whale are fully understandable and rational, as they are just adjusting the risk to the current not-so-clear picture, still saving most of the holdings as the bullish bias remains the main one.This article was originally published on U.Today More