Maker (MKR) technical outlook MKR's situation is different from BIGTIME and SHIB. The price increased by 6.16% in the last 24 hours. Thus, it became one of the best performers during the said period. At the time of writing, the price of MKR was $1,950. This represents its highest value since January 4. The Awesome Oscillator (AO) on the 4-hour time frame shows that the token has the potential to reach $2,000. AO is at 79.34 as of writing. It also indicates that the current upward trend will continue. Moreover, indicators from Bollinger Bands (BB) point to high volatility. In case MKR fails to reach $2,000, a move towards $1,975 remains an option. #BitcoinDunyamiz
"Before Bitcoin ETF, Saylor gave the Bitcoin message! Vocal Bitcoin evangelist, MicroStrategy founder and former CEO Michael Saylor has shown his support for Bitcoin. Unlike his usual images, which are likely generated by an AI-powered app, Saylor this time used a brief excerpt from the classic Frank Darabont film "Shawshank Redemption," based on Stephen King's novel "Rita Hayworth and Shawshank Redemption."
In Saylor's video, Andy Dufresne turns on a gramophone record. However, instead of opera… one gets to listen to Michael Saylor endorse Bitcoin as the “best crypto asset” and say there is “no second best” to Bitcoin. Dufresne turns the volume up all the way and the entire Shawshank prison begins to hear and enjoy the Bitcoin message taken from one of Saylor's public interviews. The post accompanying the video summary reads, “It's time to be free.”#Kriptocutrader # #hottopicdisscusion#
THORChain (RUNE) Interestingly, THORChain was involved in a controversy a week ago that also affected its price. However, it later makes a strong comeback. THORSwap, one of its user-friendly interfaces, censored some transactions involved in a hacking incident. Thus, the altcoin project had to comply with the rules. RUNE was trading at $2.53 at the time of writing. The token is ranked 49th by market cap and is showing strength in daily price movement. Meanwhile, the transaction volume in the last 24 hours has exceeded $113 million.” #BitcoinDunyamiz
All eyes will turn to economic data with the announcement of the Producer Price Index (PPI) on Wednesday. This data point measures inflation at the wholesale level and can be a leading indicator for consumer price inflation. Cryptocurrency markets often react to inflation data because this data can affect the attractiveness of crypto assets as an inflation hedge. Also on Wednesday at 7:15 p.m., Fed official Bostic will return to the spotlight, offering market participants another opportunity to learn about the Fed's thinking. FED minutes will be announced at 21:00 on the same day. #cryptonews
What other cryptos attracted attention? In fifth place was hydranet. Hydranet's promise of Scalability and high-speed transactions has attracted the attention of traders looking for faster and more efficient Blockchain solutions. Its potential to solve congestion problems in existing networks has attracted attention. Sixth, Wall Street Memes stood out. His humorous approach to finance attracted the attention of investors who love internet memes. On the other hand, Kaspa, which focuses on simplifying Blockchain technology for daily use, has found a receptive audience in Turkey. Its user-friendly approach to cryptocurrency has attracted new entrants to the space. Additionally, Pepe, a crypto asset with a unique and distinctive brand, has again attracted attention in the meme coin space. Pi Network, known for its mobile mining approach, continued to attract attention in Turkey. Its user-friendly mining process and community-building efforts have contributed to its popularity. Finally, Fetch.ai's focus on artificial intelligence and machine learning in blockchain technology has attracted the attention of technology-focused investors. Its potential applications in various industries have been a subject of considerable debate. During the specified time period, these cryptocurrencies experienced significant interest and trading activity in Turkey. It is important to remember that the cryptocurrency market is highly volatile and investors should conduct thorough research and consider their risk tolerance before investing in any crypto asset. #Kryptoanalyze
#cryptonews Exploring the Shibarium ecosystem Additionally, developments in the Shibarium ecosystem It is also important to follow up. more central non-application (dApps) with Shibarium is being integrated. On the other hand, SHIB, BONE and Protocol-related, including LEASH Expectations for increased use of tokens within. This expansion introduces a new challenge for the Shiba Inu. It can ignite a wave of growth potential. These emerging trends serve as guiding mantras as the Shiba Inu embarks on a potentially history-making journey in the crypto world this month. As market dynamics evolve, it is possible for the Shiba Inu to adapt to these trends. Moreover, the ability to exploit them could play an important role in determining its future trajectory. The coming time periods are full of surprises for SHIB investors The three important developments above will be the issues that SHIB investors follow. On the other hand, most people care about the SHIB price at a stage when preparations are being made for the bull season. #ContentStar##contentcreator##BountyCreator##binanceDaily#Crypto#
#shib It's been quite quiet lately for SHIB, the star of 2021. Frankly, investors have run out of patience. However, there have been strong developments recently. We now look at three developments that will increase the price of the Shiba Inu. Shiba Inu SHIB's trading volume increase As the week begins, the broader digital currency ecosystem is witnessing a relatively bullish trend. On the other hand, the total crypto market value increased by 2.71% and reached 1.12 trillion dollars. Within this revival, the Shiba Inu (SHIB) has taken on a modest role. Accordingly, its price is currently at $0.000007548. Reflects growth of over 1.5% in the last 24 hours Shiba Inu's recent price rise has been accompanied by a significant increase in Trading volume. According to CoinMarketCap data, trading volume increased by more than 38%. Accordingly, it reached $103,354,639. This increase in trading activity can set the tone for the entire month. It is also an important indicator of the token's liquidity in secondary markets. Keep an eye on the SHIB burn rate Another important factor to monitor is the Shiba Inu kill rate. Despite over 100 million tokens sent to dormant wallets, Shibburn's latest data shows a decline in this metric due to previous performances. However, any significant increase in the SHIB burn rate leads to a supply squeeze. It could also potentially fuel further growth for the meme coin in the short term. #ContentStar##contentcreator##BountyCreator##binanceDaily#Crypto#
“Bitcoin is the primary tool for creating wealth! When it comes to Bitcoin, the analyst uses his own version of logarithmic growth curves (LGCs), which attempt to plot the highs and lows of BTC's long-term market cycle while filtering out volatility and noise. Although the leading altcoin outperforms BTC, there is one area where Bitcoin also excels. Based on LGC, the analyst says Bitcoin is on track to outperform traditional assets like stock indices for at least another decade. Meanwhile, at press time, Bitcoin is changing hands at $27,096, up 0.3% on a daily basis. The leading altcoin Ethereum is trading at $1,675, losing 0.15% in the same time frame. However, ETH made a breakout yesterday with news of Ethereum ETF futures. Therefore, the current decline seems to be partly due to correction. As a matter of fact, while ETH saw a 5.5% increase on a weekly basis, BTC increased by 2%. #ContentStar##contentcreator##BountyCreator##binanceDaily#Crypto#
“The leading altcoin will outperform Bitcoin!” The analyst nicknamed Dave the Wave, known for making a series of accurate predictions, shared his latest predictions with his 140,000 followers on the social media platform tw. The popular analyst evaluated the long-term trend of the leading altcoin Ethereum (ETH). The analyst says the leading altcoin is poised to outperform Bitcoin (BTC) as this trend continues. Dave the Wave notes that Ethereum is printing lower highs and lows against Bitcoin (ETH/BTC). However, he notes that when he zooms out a little, a different image appears. Dave the Wave zooms in on a multi-year horizon. Thus, it likely indicates that ETH/BTC is actually nearing the end of a major wedge formation. He also notes that this points to an upward breakout in the altcoin price relative to BTC early next year. #ContentStar##contentcreator##BountyCreator##binanceDaily#Crypto#
Last secret altcoin: Radicle (RAD) RAD has been in an accumulation phase for the last 2 weeks. This consolidation period is likely an accumulation before a strong breakout for the altcoin price. RAD has traded between $1,220 and $1,520 over the past 2 weeks. However, it is possible for RAD to finally break out of this horizontal channel. At press time, the altcoin price was trading above the 9-day EMA line, which is a technical indicator that acts as a resistance level. It is important that RAD maintains a position above the 9-day EMA line for the next 3 days. In this case, it may have the support needed to overcome the upper level of the current consolidation channel. After that, RAD needs to close a daily candle above $1,520. If this happens, traders are likely to view this as a bullish event. Then, it is possible for the RAD price to rise to $1,960 in the next few days. On the other hand, if the altcoin price falls below the 9-day EMA line in the next 48 hours, the bullish thesis will be invalidated. This is likely to cause RAD to seek support at $1,220 in the coming days. #ContentStar##contentcreator##BountyCreator##binanceDaily#Crypto#
In second place is Injective (INJ) Recently, INJ triggered a notable bullish technical flag on its daily chart. This bull flag could lead the altcoin price to break through a key resistance level next week. But it needs approval. At press time, the 20-day EMA line was trying to break above the 50-day EMA line. This comes after INJ's momentum over the past 20 days has been more bullish than the altcoin's volume experienced over the previous 50 days. Then, a crossover of these 2 technical indicators will likely indicate that the medium-term momentum has shifted in favor of buyers. Therefore, the altcoin price is likely to rise in the next 2 weeks. If this happens, it is possible that INJ will gain the necessary bullish pressure to surpass the $8,165 resistance. After that, INJ price is likely to rise to the next key benchmark level at $9,975. On the other hand, a rejection of INJ next week at the $8,165 resistance level would change things. In this case, it is likely to lead to a pullback of the altcoin towards the 50-day EMA line at $7,278. A break below this technical indicator would put the altcoin at risk of its value falling to the immediate support level of $6,845 in the next 48-72 hours. #ContentStar##contentcreator##BountyCreator##binanceDaily#Crypto#
#ContentStar# First ranked altcoin: Solana (SOL) LEFT is on the rise. SOL has rebounded from the long-term positive trend line on its chart over the past 2 weeks. Then, the altcoin price was trying to overcome a major resistance level at press time. On September 12, 2023, the price of SOL bounced back from a positive trend line that had formed on its daily chart since June of this year. Since then, SOL price managed to surpass the $19.35 barrier. Later, it turned this level into support. This gave SOL the basis for a challenge at the $22.20 resistance level. If SOL can close a daily candle above this barrier in the next few days, it could continue to rise to the next resistance level at $25.55 over the following 2 weeks. This bullish thesis will be invalidated if the altcoin fails to close a daily candle above $22.20 in the next 3 days. In this bearish scenario, it is possible that SOL's price may soon decline to $19.35. If it loses support from this level, it is likely to drop to the next important price point at $17.15. However, there is the aforementioned positive trend line that stands in the way of SOL's decline to $17.15. #ContentStar##contentcreator##BountyCreator#Crypto#