Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bullish
Uptober Outlook: Why Bitcoin Could Reach $98,000 Following Bullish September
Bitcoin (BTC), the largest cryptocurrency by market capitalization, recently celebrated a remarkable September, achieving a two-month high of $66,560 last Friday. Although it fell short of its all-time peak of $73,700 in March, the strong performance in September has raised expectations for significant gains as the year draws close. Historical trends suggest that when Bitcoin ends September positively, the following three months often yield even larger returns. Best September Ever Could Lead To Major Year-End Rally Crypto expert Ali Martinez…
8 months ago
XRP Price Ready For 4x Jump To $2.6 As Major Bullish Pattern Breaks Occurs
The XRP recent price movements have caused a major stir in the crypto market, with the cryptocurrency experiencing a significant price surge and breaking out of crucial resistance levels. Driven by its recent bullish momentum, XRP has succeeded in breaking a key bullish pattern, as a result, a crypto analyst has predicted that it could potentially jump 4X to new highs of $2.6. XRP Price Set Sights On Midterm Target At $2.3 After experiencing slow growth and bearish momentum in…
8 months ago
Record September Gives Bitcoin 82% Odds For An Ultra Bullish Q4: Analyst
Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September. The crypto analyst opens his analysis with an emphasis on the unexpected positive performance of Bitcoin in September. “September is about to close and to the general public’s surprise, it’s looking like it’s going to be green…
8 months ago
SUI Ready To Test $2 Resistance – Bullish Pattern Suggests New ATH Soon
SUI is currently testing crucial supply levels after an impressive 75% surge from local demand around $1 since mid-September. This aggressive price movement has placed the layer-1 blockchain at the forefront of market discussions, making it one of the most trending assets right now. Traders and investors are showing increased interest in SUI, with many speculating that this rally could be the beginning of even bigger gains in the coming months. The buzz around SUI has been amplified by its…
8 months ago
Shiba Inu (SHIB) Trading Soars 43.6% as Bullish Investor Confidence Drives GoodEgg (GEGG) Presale to 79% with 3.8B Tokens Sold
Shiba Inu (SHIB) has once again captured the spotlight, with trading volume soaring by 43.6% over the past week. Bullish investor confidence is driving the token higher as SHIB inches closer to key price levels. At the same time, the presale of AI-powered dating token GoodEgg (GEGG) is quickly approaching its target, with 3.8 billion tokens already sold. GoodEgg (GEGG) Gains Momentum While Shiba Inu (SHIB) enjoys its resurgence, another token is quietly gaining momentum. GoodEgg (GEGG), a Play-to-Date AI-powered…
8 months ago
Dogecoin To The Moon? Trading Guru Sees A Bullish Breakout on the Horizon—Here’s Why
Veteran commodity trader Peter Brandt recently drew attention to Dogecoin (DOGE), the largest meme-based cryptocurrency by market capitalization, suggesting a potential bullish breakout. Brandt shared a DOGE/USDT chart in a post on X, pointing to a breakout DOGE has recently achieved from a descending channel that the asset has been stuck in for over half a year. Identified Bullish Momentum in Dogecoin The chart shared by Brandt further reveals that DOGE, which had previously been trading within a horizontal channel…
8 months ago
Grayscale’s Bullish Forecast: The Top 20 Crypto To Watch In Q4
Crypto asset manager Grayscale has published an in-depth report outlining sectors poised for bullish growth in the final quarter of the year amid a notable recovery in the cryptocurrency market, particularly for major players such as Bitcoin (BTC) and various altcoins, which have reached price levels not seen in over two months. Grayscale Highlights Key Trends In Crypto In its Thursday report, Grayscale updated its Crypto Sectors Indexes, showcasing emerging themes within the digital asset industry. Key trends include the…
8 months ago
Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?
After a long stretch of muted price action, Dogecoin has finally entered a position where it could be gearing up for a surge. With major developments such as an increase in participation from both small and large investors, as well as indicators turning bullish, the DOGE price looks primed for a major recovery. However, there could be a small roadblock for the meme coin when it comes to achieving this uptrend as one analyst has pointed out the possibility of…
9 months ago
Blockdag’s Sentiment Skyrockets After Testnet Launch Investors Are On Bullish On BDAG and Gambling Coin Mpeppe
The recent testnet launch of Blockdag (BDAG) has sent investor sentiment soaring, with significant bullishness observed not only in Blockdag (BDAG) but also in the AI gambling coin, Mpeppe (MPEPE). This article explores the factors contributing to this positive sentiment and what it means for the future of both cryptocurrencies. Blockdag (BDAG) Testnet Launch Sparks Optimism Blockdag (BDAG) successfully launched its testnet, a move that has significantly boosted investor confidence. The testnet provides a sandbox environment for testing new features…
9 months ago