I am personally bullish on the market direction this week. Judging from the overall weekly trend, the market will be around 60,000-66,000 this week, while Ethereum will be in the range of 2,300-2,600 this week, and Sol will be in the range of 130-165 this week.
In addition, this week we will focus on the release of the US CPI data, which will have a great impact on the market trend. As for other breaking news, we can only pay more attention to the news!
The altcoin season is coming, ambush these 4 100x coins, the bull market will help you turn things around!
T
Threshold Network provides advanced cryptographic tools designed for decentralized applications (dApps). These tools focus on privacy, security, and interoperability. Key features include proxy re-encryption (PRE), threshold signatures (TSS), random beacons (RB), and distributed key generation (DKG). These features help ensure secure cross-chain interactions, secure data sharing, and controlled access to user data.
In recent market action, Threshold has gained 2.69% in the past 24 hours. Its relative strength index (RSI) is 53.61 and it is trading above its 200-day simple moving average (SMA), indicating good momentum. With 19 up days in the past month, Threshold shows potential as a profitable investment.
A major application of Threshold is tBTC, a tokenized version of Bitcoin that operates without custody. tBTC allows holders to use DeFi privately, reducing the risk of censorship. T tokens are also used for staking and running nodes, which is critical to the security and efficiency of the network.
Threshold's security is built on a cryptographic signature scheme and supports cross-chain projects such as Sepolia to ensure smooth interaction between blockchains. In addition to tBTC, Threshold also supports applications such as RandomBeacon and Threshold Autonomous Credentials (TACo), further expanding its ecosystem.
GAS
Gas (GAS) plays a vital role in the NEO blockchain ecosystem. It is used to pay transaction fees and execute smart contracts on the platform. Gas tokens are rewarded to NEO token holders and council members who participate in platform governance to incentivize participation and cover network costs.
Recently, significant developments have increased the importance and value of Gas. One key change is an 80% reduction in Gas fees, making transactions and smart contract execution on the NEO blockchain more affordable. Lower fees make the network more accessible, which could increase the adoption and utility of Gas and NEO.
Additionally, the transition from the Neo Legacy MainNet to the N3 MainNet marks a significant milestone, ending gas generation on the old network and highlighting NEO’s growth.
As of today, the GAS price is $3.995, reflecting a 2.89% increase in the past 24 hours. Gas has seen 19 up days (63%) in the past month, indicating high liquidity and bullish market sentiment. The Fear & Greed Index is 52 (Neutral), indicating increased trading volume and growing optimism about its potential uptrend.
ON
Aragon (ANT) saw a small price increase today, up 1.14% to $6.52. While the increase was modest, daily trading volume increased significantly by 425.53%, indicating growing interest. Aragon is a comprehensive platform for creating and managing decentralized autonomous organizations (DAOs), providing key governance tools.
Aragon's ecosystem consists of three main components. First, the nonprofit Aragon Association manages the network's funds. Second, the Aragon client provides developers with the tools they need to build DAOs. Finally, the Aragon network ensures smooth communication and interaction within the platform.
Aragon provides important features such as financial management, voting, and token issuance. It also includes Aragon Court, which handles dispute resolution, adding a layer of security and governance. In addition, holders of ANT tokens can vote on network proposals, thereby shaping its future. Through Aragon Agent and Ethereum smart contracts, users can experience seamless interactions across the ecosystem.
The ANT token’s 14-day relative strength index (RSI) is at a neutral level of 44.76, indicating the possibility of sideways trading. Aragon’s 30-day volatility is low at 7%, and its price action is stable. Although it is currently trading 0.80% below its 200-day simple moving average (SMA), Aragon has seen 16 trading days (53%) rise in the past month. This performance reflects the growing confidence in Aragon’s role in the decentralized world.
EVEN
Celo (CELO) stands out for its focus on mobile access and financial inclusion, making cryptocurrencies more accessible to users in emerging markets. The platform allows people to send and receive funds using only a phone number, which lowers the barrier to entry for crypto newbies. Celo also supports stablecoins, providing protection from market volatility. As mobile technology grows around the world, Celo's focus on accessibility presents an excellent opportunity to expand the use of cryptocurrencies. Its commitment to inclusion is noteworthy.
Celo is currently in the process of transitioning to a second layer (L2) solution on Ethereum (ETH), which has led to a significant increase in stablecoin activity. A report from analytics platform Artemis shows that Celo has surpassed Tron (TRX) in terms of daily active addresses associated with stablecoin usage. Not only that, Celo’s activity has also surpassed other networks such as Solana (SOL), The Open Network (TON), and BNB Chain.
In recent trading, Celo has been on a strong run, starting from a low of $0.7058 and reaching a 24-hour high of $0.7768. At the time of writing, Celo is trading at $0.7483, up 9.55%. This shows an increase in buying activity and indicates a shift in market sentiment.
Celo is trading 46.57% above its 200-day simple moving average (SMA) of $0.524995. It has been trending up 19 of the past 30 days, accounting for 63% of the period, and technical indicators show a positive outlook as of October 6, 2024. If Celo continues to maintain its current position, more upside is possible. However, traders need to manage risks carefully when making decisions.
