Bitcoin fell on Thursday after the Wednesday rally by 4.8%. It came close to $38,000 range.
When #Bitcoin got to $38,000, sell orders took over, sending the price lower. This triggered liquidations of leveraged long positions, sending the price downward.
Throughout the week, BTC has been flopping. Going from red to green and back again.
BTC is now down a little over 2% over the week but still up close to 25% in the past 30 days.
Noelle Acheson, author of the ‘Crypto is Macro Now’ newsletter, says Bitcoin is starting to seem like a rebellious teenager, which is actually fitting when you consider its relative age and its disruptive mission. But in retrospect, its rebellion is manifested by not reacting as traditional lore says it should.
Easing treasury yields—the ten-year yield is down about 3% this week—coupled with optimism that the Federal Reserve will pause rate hikes should be enough to push bitcoin to its next key level.
Yet, that is not what appears to be happening. Putting too many eggs in the macroeconomic basket tends to not bode well for crypto investors. Bitcoin can be moved by macro considerations, or it can be moved by ETF speculation. Or it can be moved by any of a number of other factors.
"We can talk about ‘correlations’ all you want, but they tend to be backward-looking and changeable." - Acheson
Avalanche native token (AVAX) extends double-digit rally with another 7% gain.
Other cryptocurrencies that dropped after Bitcoin during the day are (ETH) Ether dropping 4% to $1,960. Solana (SOL) to 6% and Chainlink's native token (LINK) to 9%.
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If you see a token with the protocol having a TVL of $625 million and the market cap is lower than SUSHI, PYR and CAKE, will you buy it? Especially after the charts have bottomed out and is about to break out?

This is the case with $XVS . In the last bull run, $XVS had a TVL of over $7 billion, and the token price rose to $147. I remember buying in the $3 range and selling at $15. Yeah, I sold early at the time, but I was cool with the profits.
The bear market happened, and Venus Protocol suffered an attack, among many other issues. Their stable coin $VAI depegged seriously, and XVS price plummeted to below $3.
Fast forward a year later, and VAI is now back to peg. And even with all the issues Venus Protocol had, it still has more TVL than Solana as a blockchain. Funny, but true. For some reason, Venus remains trusted by some big players.
On October 31, 2023, a proposal to deploy and adopt Venus Protocol on Layer Zero was passed. This caused the price of XVS to jump up to $9 before retracing.
In my opinion, this is just the beginning for XVS. The TVL sits at $625 million, and the token market cap is just $109 million? Show me a better r:r than that.
I think XVS will smash $16 in the coming days, then we look at $20 and $30.
I am bullish on XVS. Are you buying or are you selling?

I have seen this before, over and over again. It happened with LUNA, NEAR, and then APT earlier this year. I have been bullish on $SUI for a while, even though the price has been in a downward spiral. But now, the coast is clear, and SUI is ready to fly! Here's why I am convinced.
Money Is Flowing Into SUI
For any chain to thrive, there must be significant activities on the network. Yes, SUI has that in abundance, with over 6 million wallets registered on the network since its mainnet launch. But this isn't what I am talking about.
What matters most is the money coming in. By October 23, 2023, there was just $13 million TVL on SUI. Fast forward just 3 weeks later, and that amount has skyrocketed to over $84 million, as seen in the image below.

This is no small feat! In contrast, Aptos has $75 million in TVL but a market cap of $1.77 billion. NEAR has a TVL of $45 million, and the market cap is $1.53 billion. But tokens have a market cap that is more than 2x higher than that of SUI, even though SUI has more TVL and much more network activities.
A quick look at the activities on the SUI network shows that over $75 million of the TVL on the network are stable coins. Clearly showing the inflow of money. Transactions have also been steadily increasing on the chain.
What Does This Mean For $SUI Price?
$APT TVL only moved from $12 million to $45 million when the price rose from $3.8 to $19.9 in under one month! When it rains, it pours.
SUI has been down only since launch due to several factors this article won't be referring to. But those days are far behind now, and real activities are happening on the chain.
With a market cap of $400 million and a token price of $0.46, its not hard to see a 5x move here to under $2 billion in market cap. APT was over $3 billion at it's peak.
Granted, nothing is ever the same, and just because it happened with APT doesn't mean it will happen with SUI. But the signs are there, and this is ready to rip!
Disclaimer: This is solely my opinion based on my years of experience analyzing projects and crypto assets. This is not financial advice, and neither is it sponsored content.
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The $SUI Foundation has just announced a $51 million ecosystem funds to boost activities on the blockchain. No, these are not new tokens.
A total of 117 million SUI tokens have been recovered from market makers and directed for ecosystem growth.
And somehow, this news is coming around the time when SUI TVL grew by more than 100% in the last week alone. How will all of these affect the price of SUI? Let's find out.
How Does The SUI Ecosystem Fund Affect $SUI Price?

As it always happens whenever a project launches a significant ecosystem fund, something similar will happen with SUI.
Developers will have access to funds to buildTalented developers will want to build on SUIThere will be more money flow in the SUI ecosystemAnd if the price of SUI goes up, then the community will become stronger.
The SUI Growing TVL. A Good Sign

From July 30 to September 5 2023, the TVL of SUI has increased by 300%, from $12.6 to $38.6 million. Remember that TVL stands for Total Value Locked. Why is this significant?
Growing TVL shows interest in the projectIt also means #DeFi is working fine on the chain
Yes, $38 million in TVL is small when compared to some other chains like Ethereum, BNB Chain and Arbitrum
What Is The SUI Price Prediction?
Based on the above, I think we can see SUI above $2 soon. And maybe even $2 and go on to break the current all-time high.

Take a look at the chart. It's been down only since SUI was listed on Binance. Since August 17, the price of SUI has been in a small range. Is it time to break out of that range?
It looks like a good time to buy SUI. However, keep in mind that SUI has one of the worst tokenomics around. There are going to be some massive unlocks in 2024. There's no need to catch a falling knife.
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This year, Pushing Poop, or Digging For Doge, as some may know him, has suffered from a number of painful scam attacks, leading to several losses for him. But somehow, he acts like everything is cool on Twitter
Loosing Doodles, BAYC Other NFTs Worth Over $700k
During the first week of July 2023, the Twitter account of Gutter Cat Gang, an NFT collection, got compromised. A phishing link was posted promising an airdrop, and many lost money after clicking on the link and trying to claim the airdrop.
One of the several people who lost money was Pushing Poop. Here's how the scam worked: Similar to others anyway.
The scammers gain access to the Twitter account of notable people in CT who use only phone verificationThey tweeted a link inviting people to claim some rewards or an airdropWhen users click, connect wallet and then sign a message, they gain access to the walletThen they proceed to empty whatever they can from that wallet
That's exactly what they did to Pushing Poop. He ended up losing over $700k worth of NFTs, which includes some BAYCs, MAYCs, Doodles, and others.
How 60 ETH Was Lost On Friend Tech
If you think scammers are not already on Friend Tech, you are wrong. Yes, it's a new platform, but these scammers can't just stop, eh? And guess who fell victim to another scam on this new platform—Pushing Poop!
A scammer bought his keys on Friend Tech and sent him a message saying "a charge has been requested for this account," and all he had to do was reply YES or NO.

He replied no, and he was told that a code had been sent to his phone number to confirm his choice. Truly, a code was sent. He copied the code and sent it to them. Here's how that made him lose 60 ETH worth of keys.

Your Twitter account is needed to create a Friend Tech profile. Pushing Poop uses only SMS verification for his Twitter account. I think you're getting the connection now.
To gain access to his Friend Tech, the scammers needed access to his Twitter accountThey tried to login into his account through SMS verificationThey told him a code will be sent for a different purposeHe copied the code and sent to themThey gained access to his Twitter account
They proceeded to sell all his keys and the keys of others he was holding, leading to a loss for those who held his keys and the keys of those he held.
What's The Lesson?
This cannot be overemphasized enough: Set two-factor verification for your Twitter account and every other account you have. It's much more difficult to gain access to your account that way
Also, use common sense when you see a link promising rewards. Even if it's coming from an influencer you know, you need to test the practicality of what you just saw.
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