Dogecoin still boasts one of the most active following of any cryptocurrency and the community’s involvement has been one of the most bullish use cases for it. One community member, who bought the meme coin over five years ago, has come forward to explain why they still hold the coin with expectations for where the DOGE price is headed.
Dogecoin Price Rise To $26
The trader first posted a chart to TradingView in September outlining why they believe that the Dogecoin price would see such a meteoric rise. According to the trader who goes by John Burr, he had been holding the altcoin for a long time after initially getting into it in 2017.
Going forward, the trader had seen the meteoric rise of Dogecoin through 2017 and 2018, and then again through 2021, sitting on a profitable bag since then. However, the trader is convinced that there is more to come as he says, “I am waiting the bullish wave again.”
The chart shared by Burr starts out at the $0.0615 level and then shows a similar bounce to the 2020-2021 rally. This bounce in the chart puts the DOGE price at an initial price target of $0.7, effectively returning it back to its previous all-time high levels. However, it doesn’t end there because another bounce takes place to take DOGE all the way to the $27 mark.
In total, the cumulation of the rally would see Dogecoin rally more than 37,500% to reach this level. This could easily rival the 2021 price jump and mark two mega pumps in the history of the coin.
Explaining The Pattern Behind The Rally
The trader points to an M pattern in the chart that backs up this forecast. This has appeared before when the price starts to rise before falling back down. But then as the trader points out, the altcoin goes on to form a W pattern which cements the bull rally.
One thing that was missing from this analysis, however, is what the trader referred to as “THE DIP”. Apparently, this is a dip in DOGE price that comes once the W pattern forms. At the time, Burr was unsure if this dip had happened, saying, “I can’t tell if we have experienced that Dip recently or if there is a big Dip coming soon. Whichever the case, I see the next bullish wave coming. And I am not going to get shaken out if the Dip does come.”
However, on October 31, Burr updated his analysis to include a confirmation of the dip. “I am now comfortable to say that “THE DIP” has passed. I expect generally sideway action until December 2023,” the trader said. “Then I expect the bull run to last throughout the year until December of 2024.”

The meme coin market is experiencing a pullback, with the price of Pepe (PEPE) and Dogecoin (DOGE) declining in the past 24 hours.
Both coins appear to be taking a breather after a period of bullish momentum, which saw them soar by double-digit percentages.
While DOGE and PEPE may be down, a new meme coin called Meme Kombat (MK) continues gaining traction in its presale – with early backers believing it could be the next token to experience a significant bull run.
Pepe Rallies on ETF Hopes But Pulls Back From Local Peak
Like most meme coins, PEPE has been rallying recently due to increased market optimism around a potential spot BTC ETF being approved.
Although not directly related to PEPE, the launch of one of these ETFs in the US would likely positively affect the overall cryptocurrency market.
More mainstream investment exposure to Bitcoin through an ETF could boost confidence in cryptocurrency as an asset class.
Although ETF approval hasn’t been confirmed yet, investors have been piling into meme coins to gain exposure to their price movements.
Investor interest helped PEPE reach a high of $0.00000135 last Thursday, although the token has since experienced a 15% pullback.
At the time of writing, PEPE is trading around $0.00000114 and appears to be forming a large bull flag pattern on the 4-hour chart.
As such, although PEPE’s momentum has stalled, its current technical setup suggests that it could be preparing for another upward move, provided that market conditions remain favorable.
Dogecoin Surges 30% on Investor Speculation Before Profit-Taking Commences
Dogecoin has also benefited from the hype surrounding a spot BTC ETF approval, with the coin’s value soaring to $0.075 on Thursday.
This marked DOGE’s highest value since mid-August and represented a 30% surge from October’s low.
However, like PEPE, DOGE has pulled back from this peak and now trades around $0.068.
Notably, DOGE’s spot trading volumes have surged by 64% in the past 24 hours, exceeding $400 million.
This is higher than major players like Litecoin (LTC) and Binance Coin (BNB), indicating that there’s still significant interest and activity around DOGE despite the pullback.
Although profit-taking has caused a dip in the coin’s price, there’s widespread belief that the uptrend could resume if Bitcoin continues its rally this week.
Overall, DOGE is now only down 2% year-to-date, meaning there’s finally scope for the world’s largest meme coin to finish 2023 in the green.
Meme Kombat Poised to Be the Next Viral Meme Coin as Limited-Time Presale Raises $950k
While established meme coins like Pepe and Dogecoin see increased volatility around macro events like potential ETF approvals, a new meme-powered gaming project is just getting started.
Meme Kombat (MK) is an innovative Ethereum-based platform that combines viral meme culture with competitive gaming mechanics.
In simple terms, Meme Kombat lets users bet on battles between popular internet meme characters brought to life through advanced AI animation technology.
Players can wager MK tokens on unpredictable fight outcomes and climb the leaderboard for hefty rewards.
The platform also features staking rewards of 112% APY for those who opt to lock up their MK tokens.
With a fixed supply of 10 million MK, Meme Kombat has allocated 50% to presale buyers, 30% to staking/gaming rewards, 10% to DEX liquidity, and 10% to community incentives.
The project’s development roadmap begins with the ongoing presale, which has already raised more than $950,000.
After the presale ends, the Meme Kombat platform will officially launch, with Season 1 featuring 11 meme characters.
Season 2 will follow a few weeks later, bringing new battle types and gameplay improvements.
As a unique platform combining memes and crypto gaming with sizable earning opportunities, Meme Kombat is generating significant hype.
The project’s Twitter following has grown to 7,800 people, while its official Telegram community now boasts 3,000 members.
All in all, Meme Kombat’s groundbreaking design positions it as a serious contender to become the next meme coin to experience a bull run.

Bitcoin (BTC) is currently experiencing a notable surge in its value, effectively propelling the entire cryptocurrency market upwards. The recent upswing has drawn the attention of various experts in the field, one of whom is the pseudonymous crypto strategist known as TechDev. 
In a recent post on the popular social media platform X, TechDev emphasized that Bitcoin, often referred to as the king of cryptocurrencies, is poised to enter an “explosive” phase, citing the reversal of the king crypto’s long-term metrics as evidence. 
According to TechDev, a specific signal occurs approximately every 3 to 3.5 years, indicating an impending period of several months during which the market capitalization of Bitcoin is expected to grow significantly.
Cathie Wood’s Vote Of Confidence
In addition to the optimistic sentiments surrounding Bitcoin, prominent financial figure Cathie Wood, the head of Ark Investment, has expressed unwavering confidence in Bitcoin as a hedge against the potential risks of deflation. 
In a recent interview on Bloomberg’s Marin Talks Money podcast, Wood responded to a question regarding her preferred asset class to hold for a decade. Without hesitation, she unequivocally favored Bitcoin over gold or cash, highlighting its unique characteristics that make it an effective safeguard against both inflation and deflation.
Wood emphasized Bitcoin’s inherent resilience against counterparty risk, along with its decentralized nature, which tends to discourage excessive institutional interference. Describing Bitcoin as the “digital gold” of the contemporary financial realm, Wood’s endorsement adds further credibility to Bitcoin’s position as a resilient and promising investment option.
The current price of Bitcoin according to CoinGecko stands at $34,557, with a slight 24-hour dip of 1.8% countered by a modest seven-day gain of 1.3%. These fluctuations further underscore the dynamic nature of the cryptocurrency market and the ongoing developments that continue to shape the trajectory of Bitcoin’s value. 
Amidst these fluctuations, the overarching sentiment remains bullish, emphasizing the growing recognition of Bitcoin’s significance in the global financial landscape. 

Ethereum price started a decent increase after Bitcoin rallied 15% against the US dollar. ETH is rising, but it might struggle to clear the $1,850 resistance.
Ethereum started a steady increase above the $1,750 resistance.The price is trading above $1,780 and the 100-hourly Simple Moving Average.There is a key bullish trend line forming with support near $1,750 on the hourly chart of ETH/USD (data feed via Kraken).The pair could struggle to clear the $1,850 and $1,880 resistance levels.
Ethereum Price Jumps 10%
Ethereum remained in a positive zone above the $1,650 support zone. The recent pump in Bitcoin above the $34,000 resistance sparked more upsides in ETH. There was a steady increase above the $1,720 and $1,750 resistance levels.
The price even cleared the key $1,800 resistance zone. A high is formed near $1,849 and the price is now consolidating gains. It is trading well above the 23.6% Fib retracement level of the upward move from the $1,660 swing low to the $1,849 high.
Ethereum is now trading above $1,780 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $1,750 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the upward move from the $1,660 swing low to the $1,849 high.
On the upside, the price is facing resistance near the $1,850 level. The first major resistance is near the $1,880 zone. A close above the $1,880 resistance could send the price further higher. The next key resistance is $1,920, above which the price could accelerate higher.
In the stated case, Ether could start a strong increase toward the $2,000 resistance. Any more gains might open the doors for a move toward $2,200.
Downside Correction in ETH?
If Ethereum fails to clear the $1,850 resistance, it could start a downside correction. Initial support on the downside is near the $1,800 level.
The next key support is $1,750 and the trend line zone. A downside break below the $1,750 support might send the price further lower. In the stated case, the price could drop toward the $1,700 level. Any more losses may perhaps send Ether toward the $1,650 level and the 100-hourly Simple Moving Average.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 level.
Major Support Level – $1,750
Major Resistance Level – $1,850

Crypto analyst Egrag recently delved into the XRP price charts and spotlighted signs that suggest a possible rally of more than 1,500% is on the horizon. The focus of this analysis is the ASO (Average Sentiment Oscillator), a metric that traders employ to determine market sentiment.
XRP Price Rally Of 1,500%+ Ahead?
Egrag’s monthly XRP/USD chart showcases the convergence of the blue line, symbolizing bulls, and the red line, representing bears. A month ago, Egrag had marked a yellow box on his chart, predicting the bullish crossover to take place between the end of 2023 or the onset of the latter half of 2024.
Today, Egrag noted, “XRP ASO Update: The journey is only heading UP! I’ve been eagerly awaiting the bullish crossover of the ASO since February 2023. And guess what? It’s finally here!” Should XRP mimic its historical patterns, and if Egrag’s predictions hold true, the XRP price might witness some considerable price movements in the coming months.
Historically, the cryptocurrency experienced this bullish crossover twice before. The 2017 event led to a staggering 55,000% increase in XRP’s price, while the one from late 2020 to April 2021 resulted in a 1,500% appreciation. Given the “largest jaw” ever observed on the chart, Egrag has sparked discussions suggesting that the forthcoming rally could even outpace its predecessors.
By connecting the dots from the historical data and the recent crossover, Egrag further elaborated, “Looking at historical data, we can see that it typically takes around 275 days to reach the peak after this event.” If XRP follows its historical trends, as Egrag suggests, the XRP price might be gearing up for some substantial price action within the next 7-10 months.
Ending his tweet on a rallying note for the vast community of supporters, commonly referred to as the ‘XRP Army’, Egrag encouraged, STAY STEADY and keep on wearing your space suit.”
To provide more context, the ASO acts as a momentum oscillator, giving averaged percentages of bull/bear sentiment. It’s particularly potent in discerning sentiment during specific candle periods, assisting in trend identification or pinpointing entry/exit moments. The tool was conceived by Benjamin Joshua Nash and modified from its MT4 version. The oscillator’s design, showcasing Bulls % with a blue line and Bears % with a red line, illuminates the prevailing sentiment in the market.
At press time, XRP traded at $0.5990. Upon examining the 1-day chart, it’s evident that the XRP price faced a second rejection at the 0.382 Fibonacci retracement level, which stands at $0.625.
Although the RSI has settled somewhat, it remains elevated in the overbought zone at 71. This suggests that the price might gear up for another shot at overcoming this resistance. However, if it doesn’t succeed, a pullback to the 0.236 Fibonacci retracement level, priced at $0.553, may be on the horizon. On the upside, the 0.5 Fibonacci retracement level, pegged at $0.683, represents the next potential price target.

Dogecoin is climbing higher above the $0.065 resistance against the US Dollar. DOGE could rally over 20% if it clears the $0.070 resistance zone.
DOGE started a decent increase above the $0.0625 resistance against the US dollar.The price is trading below the $0.0650 level and the 100 simple moving average (4 hours).There is a key bullish trend line forming with support near $0.0650 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).The price could start a strong rally like Bitcoin if it clears the $0.070 resistance.
Dogecoin Price Starts Increase
After forming a base above the $0.0575 level, Dogecoin price started a fresh increase. DOGE broke the $0.060 resistance zone to move into a positive zone.
The recent pump in Bitcoin and Ethereum also pushed DOGE further higher. There was a steady increase above the $0.0650 resistance zone. A high is formed near $0.0693 and the price is now consolidating gains. It is also above the 23.6% Fib retracement level of the recent increase from the $0.0574 swing low to the $0.0693 high.
DOGE is now trading above the $0.065 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0685 level. There is also a key bullish trend line forming with support near $0.0650 on the 4-hour chart of the DOGE/USD pair.
The first major resistance is near the $0.0685 level. The main resistance is near $0.070. A close above the $0.070 resistance might send the price toward the $0.0735 resistance. The next major resistance is near $0.0750. Any more gains might send the price toward the $0.080 level.
Are Dips Supported in DOGE?
If DOGE’s price fails to gain pace above the $0.070 level, it could start a downside correction. Initial support on the downside is near the $0.0665 level.
The next major support is near the $0.0650 level. If there is a downside break below the $0.0650 support, the price could decline further. In the stated case, the price might decline toward the $0.0632 level or the 50% Fib retracement level of the recent increase from the $0.0574 swing low to the $0.0693 high.
Technical Indicators
4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.
4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.
Major Support Levels – $0.0665, $0.0650, and $0.0632.
Major Resistance Levels – $0.0685, $0.0700, and $0.0750.

Forj, an NFT creators platform owned by Animoca Brands, announced on Tuesday the launch of the Ape Accelerator, a community-led accelerator and launchpad funded by the ApeCoin DAO. 
According to an announcement shared exclusively in advance with Decrypt, following the successful approval of an ApeCoin community proposal (AIP-209), Forj was bestowed with the task of building the accelerator.
“We chose to launch on ApeCoin because it has the most collaborative and socially engaged community across Web3,” said Harry Liu, CEO of Forj. He told Decrypt that the idea is to drive more adoption for the Bored Ape Yacht Club-themed token, tapping into the hundreds of projects that are currently alive within its community.
Liu explained that the focus won’t be on early-stage projects but rather those already running. “We want to take projects from 1-2,” he said, adding that they need to have reached a threshold for them to be eligible.
Geared for NFTs in the music, entertainment, gaming, and the collectibles industry, Forj was a solid candidate because, Liu clarified, it has overseen dozens of projects with “proven track records”—along with its wide reach thanks to the Animoca Brands umbrella. Animoca is a prominent metaverse investor and video game publisher.
Liu noted that Forj has been heavily involved in the BAYC community over the past two years, “understanding what is most needed” during the grueling bear market. 
Liu acknowledged that times are tough, especially amid a plummeting APE price tag, which has registered a 76.2% drop on the year, trading at $1.07 as per CoinGecko.
Taking a pragmatic approach, he told Decrypt that even though bankroll is important, and the metaverse is down over the past couple of years, those still in the space are “high-quality products that are here to build.” 
People aren’t here for the paycheck, he added, “but rather the culture.”
Liu says this type of platform is the first of its kind, wherein everything lies in the hands of the DAO, or a decentralized community made up of ApeCoin token holders who vote on various initiatives.
Whereas the ApeCoin DAO is a purely grant-based collective, the accelerator will provide a more comprehensive platform, supporting emerging projects through its services. 
The Ape Accelerator will be two-pronged, according to the Forj team: the accelerator and launchpad. The former follows traditional startup acceleration models, including tokenomics planning and go-to-market strategy, among other ways to assist founders. The launchpad offers ApeCoin holders the possibility of supporting projects that are spawned from the aforementioned accelerator. 
It will also offer projects the chance to raise funding through sales of digital assets to approved KYC’ed ApeCoin holders via the newly created launchpad. Depending on each project’s circumstances, target capital allocation will vary between $250,000-$1 million. 
Although a Web3 accelerator is nothing new in the space, with a plethora of similar platforms launching recently, the idea of a DAO-controlled accelerator specifically focused on growing an ecosystem “at scale, is a new frontier,” said Liu. 
And for him, launching this type of platform has two main aims at the end of the day: “It leads to mass adoption, and addresses the main struggles of the bear market.”

Renowned crypto analyst Josh Olszewicz recently spotlighted an extremely bullish technical pattern for Solana (SOL) price, suggesting a potential significant uptrend for the cryptocurrency against the US dollar (SOL/USD). Olszewicz shared his analysis on X (formerly Twitter), commenting, “SOL iHS alert. Chart is the chart, love it or hate. Looks a helluva lot better than spot ETH that’s for sure.”
Solana Poised For A 50%+ Rally?
After reaching a peak of $260 in November 2021, the Solana price experienced a steep decline in value, plummeting to a low of $8 by the end of 2022. This decline mirrored the general downturn in the crypto market, which was further aggravated by the collapse of the crypto exchange FTX, with SOL being particularly affected.
However, 2023 began with a positive twist for Solana. The price of SOL rebounded from its $8 low to almost $26 within the first half of January, setting the stage for the formation of an inverse head and shoulders (H&S) pattern.
This inverse H&S pattern, recognized as a typical bullish reversal signal, began taking shape in mid-January and extended through October 2023. By mid-March, the left shoulder was evident, with the head forming in early June, and the right shoulder becoming prominent in October.
A significant feature of this pattern is the neckline resistance, identified at around the $25.81 mark. Solana’s price has already challenged this resistance multiple times, and a decisive breach above this threshold would serve as a strong indicator of a bullish trend reversal. Olszewicz, in his analysis, marked the stop loss (SL) for this trade idea just below the right shoulder, specifically around $19.30.Using Fibonacci extensions, Olszewicz charted potential price trajectories for SOL, should it successfully surpass the $25.81 neckline. The targets are marked at the 1.618 ($33.85) and 2.0 ($38.82) Fibonacci levels. If these predictions hold, traders might be looking at potential profits ranging between 35% and 55% from the current price.
VPVR Supports This Thesis For SOL
Additional insights from the Volume Profile Visible Range (VPVR) reveal that the most substantial trading activity for SOL is clustered around the $14 to $15 bracket. Another volume cluster is situated between the $20.83 and $19.30 marks, aligning with Olszewicz’s stop loss placement.
Another important takeaway is that should SOL break above the inverse H&S pattern’s neckline, there is a large volume gap up to the first price target at $33.85 where the 1.618 Fibonacci level is situated, suggesting this area is of significant interest and potential resistance.
In conclusion, while the inverse H&S pattern’s emergence paints a super bullish picture for Solana’s price trajectory, it is essential to await a confirmed breakout above the $25.81 neckline, ideally supported by a substantial trading volume, before confirming the bullish projections laid out by Olszewicz.

As the XRP price and its future trajectory continue to be a hot topic for debate, crypto research firm Sistine Research has weighed in on this debate using technical analysis. XRP holders are set to love this one, as their prediction is bullish. 
Where Is XRP Price Headed?
In a post shared on the X (formerly Twitter) platform, Sistine Research stated that, despite the current market outlook, XRP is one of the tokens with a bullish chart in the crypto market as of now. 
Their bullish sentiment was projected in their post, which contained a weekly chart that suggested an accumulated pattern since May 2022, with the XRP price having the potential to rally to as high as $1.5, an over 200% increase from its current price of $0.49.
The research firm also used the XRP/Bitcoin chart to further drive home their bullish sentiment. The chart showed XRP’s potential to outperform the flagship cryptocurrency with its projected rally to $1.5. However, it seems that the XRP price could decline to the $0.40 support level before any massive rally.
Clarification On The Charts
Sensing that there was some form of skepticism from many in the crypto community, Sistine Research released a subsequent post where it further elaborated on its technical analysis. It explained that from the charts, it was evident that there is a long-term accumulation that is trending upwards. 
According to them, during this period, buyers are willing to dive into the market and provide support to the token at higher and higher prices, likely suggesting that a potential retracement or dump by the bears doesn’t faze the bulls. 
Sistine alluded to the fact that the most recent pump on the chart was larger than the previous pump. This supposedly shows that buyers are active as they are still accumulating at higher prices rather than waiting for a decline before going in. While all this is happening, sellers are still holding their tokens as they anticipate higher prices before selling. 
They compared this XRP chart to the BTC chart in 2018, when buyers got weaker, and sellers had control of the market, selling every pump at lower prices. 
The research firm also suggested that DOGE’s chart is currently experiencing something similar (to the 2018 BTC chart) as they stated that the XRP price chart is “objectively bullish” in comparison to the meme coin, which is “exhibiting major signs of buyer exhaustion.”
As of the time of writing, the XRP price is trading at $0.49, around 0.30% in the last 24 hours, according to data from CoinMarketCap. 

Shiba Inu (SHIB) has recently embarked on a surprising journey, defying the odds and setting the stage for a potential game-changing reversal. 
A recent report unveils fascinating insights into SHIB’s price action, highlighting both optimism and caution in equal measure.
SHIB, currently priced at $0.00000705 according to CoinGecko, has exhibited remarkable resilience in the face of adversity. Over the past 24 hours, it faced a modest 0.9% decline, while the seven-day dip amounted to 1.6%. However, the most intriguing aspect of SHIB’s journey lies in its confrontation with a critical resistance level.
Recent market analysis reveals that SHIB is engaged in a fierce struggle with the 21-day Exponential Moving Average (EMA), a pivotal indicator for deciphering bullish or bearish trends in the world of cryptocurrencies. This battle has not gone unnoticed by traders, who are eagerly awaiting the outcome.
Bulls Vs. Bears: The SHIB Tug Of War
SHIB’s recent price action indicates a tug of war between bears and bulls, with the cryptocurrency precariously perched at a crucial resistance level. Should SHIB manage to conclusively close above this level, traders and investors could witness the resurgence of bullish momentum. 
SHIB market cap currently at $4.16 billion on the daily chart: TradingView.com
While SHIB enthusiasts are buoyed by the positive signs on the chart, there is one conspicuous element causing concern—the declining trading volume. A reliable rule of thumb in crypto markets is that a cryptocurrency battling significant resistance, like the 21-day EMA, should ideally be accompanied by surging trading volumes.
Increasing volumes signify robust buying interest and provide substantial validity to price movements. In the case of SHIB, the diminishing volume paints a contradictory picture. The declining interest from traders and investors raises questions about the sustainability of any potential bullish surge.
What Lies Ahead For SHIB?
The Shiba Inu community eagerly watches as their beloved cryptocurrency navigates these challenging waters. The battle with resistance and the conundrum of decreasing trading volumes offer mixed signals, making it imperative for investors to exercise caution.
SHIB’s journey remains one of unpredictability and volatility. Only time will reveal whether the recent breakthrough will pave the way for a lasting bullish trend or if caution will be the name of the game. In the ever-changing world of cryptocurrencies, one thing is certain: Shiba Inu continues to be a captivating, enigmatic player in the digital asset landscape. 
As the market closely monitors these developments, the importance of tracking both technical indicators and market sentiment becomes increasingly apparent for traders and investors alike.
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

BitPay, the pioneering crypto payment service provider based in Atlanta, Georgia, has taken another significant step in its collaboration with global video game commerce company, Xsolla, by integrating the XRP token. Today, October 17, BitPay announced via X (formerly Twitter): “Xsolla now accepts XRP with BitPay as a payment method for their games, such as SMITE and Roblox. You can use your favorite cryptocurrency to buy, play, and enjoy gaming like never before.”
Why This Announcement Is Important
This announcement not only cements XRP’s growing relevance in the gaming world but also marks a significant moment in the longstanding partnership between Xsolla and BitPay. This relationship first began in 2014 when Xsolla decided to process Bitcoin (BTC) payments for gamers globally via BitPay. They’ve since expanded their crypto payment offerings, with the recent addition of PayPal USD (PYUSD) last month.
Established in 2005 by Aleksandr Agapitov, Xsolla has positioned itself as an instrumental force in the gaming industry, providing essential tools that help game developers launch, monetize, and distribute their creations on a global scale. With Xsolla’s key focus on aiding its partners to break geographical barriers and bolster revenue streams, the company continually seeks innovative solutions to global game distribution challenges.
Roblox, the popular online gaming platform boasting over 65.5 million daily active users and over 202 million monthly active users, stands out as a significant beneficiary of the XRP integration. Managed by Xsolla for in-game payments, Roblox now allows its vast user base to utilize XRP for transactions, with BitPay ensuring a smooth connection with crypto wallets. Given that Roblox users spent an astonishing $780.7 million on in-game purchases in just the second quarter of 2023, the potential volume of XRP transactions on the platform could be monumental.
Remarkably, BitPay’s association with XRP can be traced back to 2019 when they collaborated with Ripple’s investment wing, Xpring. However, the relationship hit a snag when BitPay, in alignment with many US-based crypto enterprises, ceased XRP-related transactions following the SEC’s lawsuit against Ripple Labs. The tide turned in favor of XRP when Judge Torres identified it as a non-security, prompting BitPay to reintroduce the cryptocurrency on its platform in August.
XRP Price Faces Stiff Resistance
The recent announcement undoubtedly solidifies XRP’s position in the broader market, showcasing its versatility. However, despite the promising long-term prospects stemming from XRP’s new use case, its price is currently contending with multiple key resistance levels.
Following a brief surge yesterday, attributed to the fake news surrounding a potential spot Bitcoin ETF, XRP’s price experienced a pullback, dipping below the $0.50 mark.
On the 4-hour chart, the price slid beneath the 0.618 Fibonacci retracement level, pegged at $0.4908. Yet, it demonstrated resilience, rebounding and securing a close above the 20-EMA. In the more immediate time frame, the 0.5 Fibonacci retracement level, set at $0.5048, now emerges as the pivotal resistance. A sustained close above this threshold on the 4-hour chart might be the catalyst for renewed bullish vigor.
Should this momentum be achieved, the next focal point for the XRP price would be the September high of $0.55. Notably, this price benchmark isn’t just crucial for short-term analysis but also holds significance on larger scales, like the 1-day chart, as reported previously.

A multitude of positive crypto headlines did little to rally the prices of leading cryptocurrencies this week. On Tuesday, JP Morgan’s crypto lead Tyrone Lobban remarked at a panel in London that Bitcoin is “maybe more like a stablecoin nowadays”—a statement that regular readers of this This Week in Coins likely concur with.
This bodes well for crypto. After all, one of the most common criticisms of leading unbacked cryptocurrencies is that they’re pretty volatile. Despite the reputational damage caused by last year’s wave of industry bankruptcies, U.S. companies have redoubled their efforts to get crypto-related investment products on the market. One such product is the elusive spot ETF. 
This week, Grayscale CEO Michael Sonnenshein made an important announcement. The crypto asset manager is now doing to its Ethereum fund what it’s been trying at length to do with its Bitcoin fund. Grayscale’s redoubled assault on the SEC stemmed from a courtroom victory back in late August when it won an appeal against the regulator after the latter rejected its application to convert its Bitcoin trust into a spot ETF. 
Bloomberg ETF analyst Eric Balchunas tracked the U.S. launch of nine Ethereum Futures ETFs on Monday.
Scimitar Capital analyst Alex noted the lack of enthusiasm for VanEck’s offering.
If VanEck does profit from its new Ethereum Futures ETF, it will channel the money into Protocol Guild, a collective of 152 Ethereum protocol developers who have pooled together to coordinate and share funding. 
The IMF knows the potentially destabilizing risks crypto poses to traditional finance, tweeted Lido Finance’s Sacha on Wednesday. 
The industry’s favorite ongoing courtroom saga was heavily commented on this week after the release of a book by Michael Lewis that whitewashes allegations that disgraced former FTX CEO Sam Bankman-Fried was misusing customer money and misdirecting people. Needless to say, several crypto fans called out Lewis’s depiction of events. 
Wall Street cynic “Diogenes” (@WallStCynic) was not impressed by Lewis’s promotional interview and noted some historical parallels with the Enron bankruptcy. It’s worth noting that the appointed CEO in both cases is lawyer John J. Ray III.
Who wants a lifetime supply of money for 60 hours of work? We all do, but only some of us can get it in this life. 
Convicted felon and pharma bro Martin Shkreli—who raised the price of a lifesaving antiparasitic drug called Daraprim by 5,455% and was incarcerated for unrelated charges of fraud—had a lot to vent about FTX’s relationship to Twitter. 
Could a new fundraise for a company that FTX has a stake in be big enough to make the former exchange’s creditors whole? Tanay Jaipuria thinks so. 
Finally, one tweeter caught the sudden unstaking of millions of dollars of SOL held by FTX’s equally bankrupt sister company, Alameda. 

The Securities and Exchange Commission is arguing that cryptocurrencies lack any "innate or inherent value" as part of their case against Coinbase in federal court—prompting eye rolls from Coinbase and crypto watchers.
In response to a motion to throw out the agency’s lawsuit filed over the summer, the SEC petitioned a judge to reject Coinbase’s stance that cryptocurrency trading does not count as an investment contract between parties. It justified its position by repeating its position that federal securities laws are designed to be interpreted flexibly through the legal doctrine known as the “Howey Test.”
Under Howey, the SEC has argued for decades that investments ranging from whiskey caskets to chinchilla farms can be regulated as investment contracts. However, it says that many cryptocurrencies differ only because they "have no innate or inherent value" on their own—whereas the tokens it cited in its lawsuit meet the criteria under Howey. 
“If crypto assets embody some underlying value…that value is accessed through the digital token," the SEC wrote in its filing. "But the token... has no innate or inherent value of its own—it is tied to its underlying value, which for the crypto assets at issue in this case, is the investment contract.”
But the SEC’s arguments were brushed off by Coinbase’s chief legal officer Paul Grewal, who dismissed their motion "more of the same old same old" position.
"The SEC’s arguments today would mean that everything from Pokemon cards to stamps to Swiftie bracelets are also securities," Grewal wrote. "As [New York congressman Rep. Ritchie Torres] made so clear last week, that is simply not the law, nor should it be."
He was referring to Rep. Torres’ questioning of Gary Gensler at a House Financial Services Committee hearing last month.
Stuart Alderoty, the chief legal officer for Ripple Labs—which won a partial victory against the SEC in July after being sued—also took to Twitter to ridicule the SEC's argument.
“There is so much wrong with the SEC’s brief in the Coinbase case I don’t know where to begin," wrote Alderoty on Thursday. "Let’s start with the SEC claiming, without citation or support, that digital assets have no innate or inherent value while collectible baseball cards do.”
As part of its June 6 lawsuit against Coinbase, the SEC listed several altcoins it labeled unlicensed securities, including Solana, MATIC, and Cardano. The developers for these tokens have balked at this designation, and Coinbase has rebuked the charges against it. 
The question of cryptocurrencies’ value has been asked since the earliest days of the technology. Unlike fiat currency like the U.S. dollar, tokens do not have the legal backing of a government entity, and ones like Bitcoin were designed to exist apart from a central authority. Instead, tokens’ value is mostly determined by the market forces of supply and demand.

In the fast-paced world of cryptocurrency, investors are constantly on the lookout for the next big opportunity, and it seems they’ve found it in Sensei Inu. With astonishing growth and a unique value proposition, Sensei Inu has captured the attention of Cardano and Polkadot enthusiasts who are ready to embrace this promising project.
Riding the Cryptocurrency Wave
Cryptocurrency markets have seen significant shifts in recent years, with the likes of Bitcoin and Ethereum paving the way for numerous altcoins to emerge. However, seasoned investors understand the importance of diversification and the pursuit of projects with true potential.
The Rise of Sensei Inu
Sensei Inu, a relatively new entrant into the crypto scene, is rapidly gaining traction among investors. Within the first hour of its presale, Sensei Inu raised an impressive $50,000, showcasing its incredible appeal to early adopters. But what makes this project so attractive to Cardano and Polkadot investors?
A Glimpse Into the Sensei Inu Ecosystem
Sensei Inu offers a dynamic ecosystem that blends the world of cryptocurrencies with educational and entertainment elements. At its core is the Crypto Trivia game, where users can challenge their knowledge and skills about blockchain technology while competing with like-minded enthusiasts. This unique approach not only rewards participants but also cultivates a deeper understanding of the crypto world.
Investors as Learners
Investing in Sensei Inu is more than just a financial move; it’s an opportunity to expand one’s expertise in the crypto realm. The project employs a Proof-Of-Value mechanism that values knowledge and skills, providing each individual with the chance to shine. Unlike traditional Proof-of-Stake systems that favor the wealthy few, Sensei Inu empowers everyone to benefit from their expertise.
Tokenomics that Make Sense
The $SINU token lies at the heart of Sensei Inu’s ecosystem. With a total supply of 5,000,000,000 tokens, the project boasts a unique distribution model. There is no buy tax, making it more accessible to investors, while the 3% sell tax contributes to the treasury for the project’s sustainability. 50% allocation for the presale, 20% for the liquidity and 20% for burning and gaming collectively form a robust foundation, with 10% allocated to CEX (Centralized Exchange).
How to Buy $SINU
Investing in Sensei Inu is straightforward. Buyers can use Ethereum (ETH) or Binance Coin (BNB) through popular web3 wallets like MetaMask. Alternatively, they can utilize USDT and even their credit or debit cards to acquire $SINU tokens. The project’s user-friendly approach ensures that investors of all levels can participate easily.
Sensei Inu’s Generous Airdrop
To sweeten the deal, Sensei Inu is offering a 50 Million $SINU token airdrop. Investors who join the Sensei Inu’s presale and share their referral codes stand to reap substantial rewards. The more you refer, the more tokens find their way into your wallets.
Why Cardano and Polkadot Enthusiasts Are Flocking to Sensei Inu?
The allure of Sensei Inu is clear:
Incredible Growth: With over $50,000 raised in just the first hour of its presale, Sensei Inu has investors buzzing.Unique Approach: Sensei Inu combines learning and earning, making it an appealing project for those looking to deepen their crypto knowledge.Proof-Of-Value: The innovative Proof-Of-Value mechanism rewards skills and knowledge, democratizing opportunities.User-Friendly: Sensei Inu’s ecosystem and especially the buying process in presale is simple and accessible to crypto newcomers.Generous Airdrop: The 50 Million $SINU token airdrop is an enticing incentive for early adopters. 
Conclusion:
Sensei Inu has caught the eye of Cardano and Polkadot investors for good reason. Its impressive growth, commitment to education, unique Proof-Of-Value system, user-friendly interface, and generous airdrop make it an irresistible opportunity in the cryptocurrency space. As the project continues to gain momentum, it might just be the next big thing that investors have been waiting for.

Whales are some of the most relevant entities in the Bitcoin market because of their potential influence on the Bitcoin price through large-volume transactions. Investors and traders often look out for whale transactions, which can trigger a domino effect on the market.
In one of such developments, recent on-chain data revealed that a particular whale has woken up from a three-year slumber, moving their BTC for the first time since 2020.
Whale Becomes Active For The First Time In Three Years
According to data from blockchain analytics platform Arkham Intelligence, a particular Bitcoin whale became active after years of dormancy and transferred out 5,000 BTC (worth around $137 million) on Saturday, October 7. 
The whale address initially received the 5,000 BTC from “Poolin mining pool” on June 23, 2020. At the time, the Bitcoin price was around $9,700, putting the total value of the transaction at approximately $48.5 million.
The Bitcoin price has experienced significant growth since 2020, with one BTC trading for $27,903 as of this writing. Consequently, the whale address’ holdings had swelled to approximately $137 million when all 5,000 BTC was moved on Saturday.
On-chain data shows that this whale split and transferred the 5,000 to two separate addresses. Some 4,000 BTC were transferred to one address, and 1,000 BTC were sent to the other address, both of which are new and unmarked.
A Threat To Bitcoin Price?
This latest whale action seems to be provoking a sense of caution in the Bitcoin market. This is no surprise, considering that the movement of a large BTC amount (especially a sell-off) often sparks interest or fear in other investors, leading to momentary price fluctuations. 
Nevertheless, it is worth noting that the reason behind this whale transfer is currently not known. It remains to be seen whether the owner wants to sell or just move their assets into another wallet.
If the whale intends to sell off all their BTC holdings, then this latest action could potentially threaten the Bitcoin price. Large-scale selling could negatively impact Bitcoin’s value, as it often puts downward pressure on the cryptocurrency and could trigger a temporary price dip.
It may be worth mentioning that the Bitcoin price has not experienced any significant or abrupt changes in the past 24 hours. According to CoinGecko data, the value of BTC has dipped by 0.1% in the past day.
Bitcoin has made a relatively healthy start to October, with the premier cryptocurrency recording a 3.3% price gain since the start of the month. The BTC price has been moving mostly sideways in the past few days as it looks to break through the $28,000 mark.

Bitcoin price hovering around $28,000 on the daily timeframe

Ethereum fans widely hyped last year’s merge as a decisive event that would permanently establish ETH as “ultrasound money.” Ethereum’s historic transition from proof of work to proof of stake last September reduced ETH issuance by 90%; many so-called Ethereum maximalists were convinced the change would clinch ETH’s status as a deflationary currency that would only, thereafter, appreciate in value. 
A year later, things aren’t looking so certain.
In the last 30 days alone, global ETH supply has surged by nearly 30,000 ETH, equivalent to roughly $47.9 million at writing, according to data aggregator ultrasound.money. That sharp uptick in the amount of ETH in circulation is mostly thanks to an equally stark decline in transaction flow on the Ethereum network: far fewer NFT trades, and much less DeFi activity. 
Since 2021, the Ethereum network has operated on a fee-burning mechanism: the more traffic on the network, the more gas prices—which are required to complete on-chain transactions—rise. The higher gas prices are, the more ETH is “burned” by the network, or permanently removed from circulation. 
As of late, Ethereum gas fees have dropped remarkably low—an average network transaction currently costs 7 gwei, or just $0.24. An average transaction on NFT marketplace OpenSea costs about $0.94. Contrast that with just over a year ago: during the sale of Yuga Labs’ Otherside collection last May, for example, network users burned over $157 million worth of Ethereum to mint just 55,000 virtual land deed NFTs: an average of $2,854 in fees alone per transaction.
While low gas fees might be good for the average Ethereum user, they also lead to the burning of less ETH—and thus, surges in global ETH supply. 
Ethereum’s recent inflationary trend has caused some concern among crypto users and investors who fear current trends may spell trouble for the network’s long-term financial health. 
But the team behind Ethereum appears largely unconcerned about the development. 
“I suspect that none of the core devs care,” Micah Zoltu, an Ethereum core developer, told Decrypt of his colleagues’ attitudes on the subject. “If you look at the grand scheme of things, it is insignificant.”
Danno Ferrin, another Ethereum core developer, said he had not been concerned by Ethereum’s recent inflationary kick. 
“It is still below the all-time high [ETH supply],” Ferrin told Decrypt. “And [Ethereum’s] short-term inflation is well below other chains and the economy as a whole.”
Inflation has been consistently on the rise globally since last year; in the United States, prices rose last June at the sharpest year-over-year rate recorded since 1981. In response to this economic climate, the U.S. Federal Reserve has repeatedly raised interest rates, a move that has persistently lowered the values of cryptocurrencies like Bitcoin and Ethereum.

Ethereum (ETH), a forerunner in the decentralized finance (DeFi) ecosystem, has seen a notable surge in its staking activities. This staking boom has raised eyebrows among experts from JPMorgan concerned over ETH’s increase in centralization and the consequences that may arise.
Ethereum, aiming to transition to a proof-of-stake consensus mechanism, opened the floodgates for staking. This meant holders could ‘stake’ or lock their tokens to support network operations like block validation. However, while this promises rewards for the stakers, JPMorgan analysts have reported that there could be ripple effects.
Ethereum Centralization Concerns Rise To The Surface
JPMorgan analysts, led by Nikolaos Panigirtzoglou, highlight the inadvertent increase in Ethereum’s network centralization, particularly post the Merge and Shanghai upgrades. The Ethereum network became “more centralized as the overall staking yield declined,” they noted. 
The analysts further disclosed while platforms such as Lido tote their decentralized nature, the underlying reality appears different. The analysts said these platforms “involve a high degree of centralization.”
According to the analysts, the ramifications of such centralization can’t be understated. They mentioned that “a concentrated number of liquidity providers or node operators” might compromise the network’s integrity, leading to potential points of failure, attacks, or even conspiracy, resulting in an “oligopoly.”
They further highlighted that such centralized entities could censor or exploit user transactions, undermining the community’s interests.
The Rehypothecation Risk And Declining Rewards
Another dimension to the staking story is the looming threat of ‘rehypothecation.’ In simple terms, it’s the act of leveraging staked assets as collateral across various DeFi platforms. According to the JPMorgan’s analysts:
Rehypothecation could then result in a cascade of liquidations if a staked asset drops sharply in value or is hacked or slashed due to a malicious attack or a protocol error.
Furthermore, as Ethereum continues its journey on the staking path, the staking rewards seem to diminish. The report indicated a drop in total staking yield from 7.3% before the Shanghai upgrade to roughly 5.5% recently.

Regardless, Ethereum has shown a slight upward trajectory of 1.5% in the past 24 hours, with a market price currently sitting at $1,643 and a market cap of approximately $9 billion, at the time of writing.

Solana (SOL), a layer 1 proof-of-stake blockchain, has introduced version 1.16, which enhances user privacy through “Confidential Transfers.” This update includes encrypted Solana Program Library (SPL) token transactions, ensuring confidentiality rather than anonymity. 
The adoption of version 1.16 by Solana’s network of validators has reached a majority after ten months of development and an audit by Halborn, a blockchain security firm.
Solana Labs Rolls Out Privacy-Enhancing Update
According to the announcement made by Solana’s infrastructure provider Helius, The update has undergone rigorous testing, with v1.16 running on testnet since June 7, 2023. 
Volunteer and canary nodes have reportedly played a crucial role in identifying and resolving issues during the testing phase. Solana Labs has also deployed canary nodes on mainnet-beta to monitor the stability of v1.16 under real-world conditions.
Solana employs a feature gate system to prevent consensus-breaking changes, ensuring that validators running older versions do not fork off the canonical chain. 
What’s more, Consensus-breaking changes now require a Solana Improvement Document (SIMD) and greater transparency through documentation.

onfidential Transfers, introduced by Token2022, utilize zero-knowledge proofs to encrypt balances and transaction amounts of  SPL tokens, prioritizing user privacy. 
Looking ahead, Solana Labs plans to adopt a more agile release cycle, targeting smaller releases approximately every three months. 
Room For Growth
According to a Nansen report, Solana has witnessed a significant surge in its Total Value Locked (TVL) throughout this year, nearly doubling since the beginning of 2023, and currently boasting a TVL of 30.95 million SOL. 
Monthly transactions on the Solana network have remained relatively stable, with an increase in vote transactions, encompassing both vote and non-vote transactions.
Furthermore, Nansen highlights that Solana has implemented innovative solutions such as state compression and isolated fee markets to address prominent issues within its tech stack.
One notable solution, state compression, has substantially reduced the cost of non-fungible token (NFT) minting on Solana more than 2,000 times. 
 State Compression Unleashes Affordable NFT Minting
For instance, the cost of minting 1 million NFTs before the introduction of state compression would have amounted to approximately $253,000. In contrast, with state compression enabled, the cost is significantly reduced to just $113. 
In comparison, minting a similar collection size on Ethereum would cost approximately $33.6 million, and on Polygon, it would amount to around $32,800.
Furthermore, the liquid staking landscape on Solana is experiencing rapid growth, with leading platforms like Marinade Finance, Lido Finance, and Jito taking the forefront. 
However, despite this growth, the current amount of staked SOL in Solana’s liquid staking protocols accounts for less than 3% of the total staked SOL, indicating substantial room for expansion.
It is worth noting that the report by Nansen raises concerns about the uncertainty surrounding FTX/Alameda’s SOL holdings, as FTX holds over 71.8 million SOL, representing approximately 17% of the circulating supply and 13% of the total supply. 
While this situation may present temporary risks to Solana’s growth trajectory, it is essential to monitor its impact closely.
On the other hand, the native token of the protocol, SOL, continues to exhibit substantial gains across all timeframes. The token is trading at $23.68, reflecting an increase of over 4% in the past 24 hours.

Following the announcement that the AMM functionality would be proposed as an amendment under the latest rippled version, many in the XRP community have continued to wonder how soon it could be implemented if passed. As a result, Ripple’s Chief Technology Officer (CTO) David Schwartz has provided some answers to the community to quench speculations.
How Soon The AMM Implementation Could Happen  
In response to a tweet asking how soon the AMM will go live on the ledger after voting, Schwartz stated that it should be enabled on the XRP Ledger (XRPL) “in about two weeks” if most validators vote yes to the proposal.  
The voting process kickstarted on September 7 following the announcement by Ripple’s developers. However, it seems that validators haven’t looked through the proposal yet or taken action. To the best of his knowledge, Schwartz mentioned that no validator has voted yes to the proposal yet, and 80% of validators need to vote yes for the amendment to be passed. 
He further gave his opinion on how the process should go, as he believes “validators shouldn’t vote yes individually.” Rather, the decision should lie with the community, with the validators voting in favor of the amendment if they “believe” the community supports it. 
Contrary to what many may think, the amendment process isn’t “supposed to be a governance mechanism,” according to Schwartz. Instead, the aim of the voting process is to “coordinate activation and prevent activation if a problem is discovered.” He emphasized that validators should be guided by the community’s decision, not what “they think is best.”
Schwartz’s Role In Ensuring Amendment Is Passed
In a subsequent tweet, the Ripple CTO mentioned that he was going to review the performance testing results in the next few days and run a “few code checks” using feedback that he had gotten from several people. If everything works out fine and no “new objections surface,” Schwartz mentioned that he will “start asking people to consider voting yes.”
Meanwhile, Ripple’s developers confirmed in a tweet that they have completed the extensive performance testing of the AMM feature. If adopted, this AMM functionality will bring “automated swap, trading, and liquidity provisioning capabilities to the ledger.” Community members also have a chance to earn passive income by acting as liquidity providers (LPs) to the ecosystem. 
Many in the XRP community seem to have welcomed the idea of a novel AMM feature on the XRPL, as it could help improve liquidity on the network and enhance faster and seamless trading. 
However, the same cannot be said about the ‘Clawback feature,’ another proposed amendment under the latest rippled version. Despite Schwartz defending the feature, many in the community argue that it undermines the essence of blockchain technology and decentralization.

The adage that time in the market beats timing the market is more relevant than ever.
According to an analysis by crypto research company Ecoinometrics, the difference in monthly returns between bulls and bears is negligent–meaning you’re better off placing your bets on Bitcoin and Ethereum whenever it works best for you.
Bitcoin and Ethereum have been quite similar in their price performances over the years. Both assets disregard whether they are in upbeat or downturned markets, with the exception of Ethereum’s first bull market back after its launch in 2015.
https://twitter.com/ecoinometrics/status/1709982491602522196/photo/1
For Nick, the founder of Ecoinometrics, timing the market is a fool’s errand. He told Decrypt, “there is way too much uncertainty in financial markets to do that.” pointing out adjusting your investing strategy due to market conditions “does make sense.”
At Ecoinometrics they call their investing “tactical,” and point to two approaches when thinking of buying: long term macro cycles and market liquidity conditions.
The toil in timing the market ultimately boils down to time frames, said William Cai, co-partner of financial services company Wilshire Phoenix.
“Market timing historically has shown to be difficult to earn consistent outperformance, especially in the long term,” Cai told Decrypt. Given the fact that crypto assets are still new, he considers “a long term view and investment horizon is appropriate.”
In other words, simply be patient. Cai’s perspectives latch on to many other successful investors who have lambasted those who tried to pick the exact moment to buy or sell an asset. Instead, they point to a consistent and recurring investment approach known as dollar cost averaging (DCA) is the winner.
Oliver Veliz, a professional trader with more than 37 years in the trade, told Decrypt that he has been dollar cost averaging in traditional markets since 1981 and has “never stopped.” For BItcoin, this has been his go-to strategy since 2020.
By removing price concerns, “establishing order in one’s approach to accumulation and most importantly eliminating volatility,” the strategy becomes “magic,” he concluded.