Price Analysis: Solana bounces off $131 support – Can SOL hit $200 in October?
Solana’s recent recovery stems from a strong support zone at $133, which aligns with an ascending trendline seen on the 4-hour chart. This upward momentum led SOL to test immediate resistance at $144, aligning with the 38.2% Fibonacci retracement level.
If the If it can break this crucial resistance, it could open the way for gains towards the next resistance at $147.45 and ultimately the 61.8% Fibonacci level around $150.86.
Solana’s POPCAT Surpasses FLOKI in Sudden Rise in Memecoin Market
An unexpected turn of events has caught the eye this weekend, with Solana memecoin POPCAT recording an impressive jump in value. The POPCAT memecoin, which has surged by 8% on the day, has boosted its market value, signaling a growing interest in more speculative investments. At the time of publication, the price of POPCAT was quoted at $1.40, up 1% in the last 24 hours. The competition among pet-themed cryptocurrencies has been intensifying, with POPCAT emerging as the big winner. The memecoin recently hit a new all-time high of $1.46, reflecting a cumulative increase of around 50% over the course of the week.
Beefund not paying, customers say withdrawals are not being processed
Beefund, an alleged cryptocurrency pyramid scheme. Customers claim that withdrawal requests are not being processed. Beefund focuses on the Brazilian market and promises returns of up to 12.75% per day, a percentage sufficient for an investment of R$6,500 to become R$1 trillion in just 1 year. In other words, unrealistic returns that corroborate the suspicion that the company is a financial pyramid, using customer deposits to honor withdrawals from others.
SUI: how the cryptocurrency that shot up more than 145% in one month works
This Monday, the 6th, the cryptocurrency
, with a market value of US$5.8 billion, has become a highlight among investors. The currency has been performing surprisingly well in recent months, accumulating a 172% increase since the beginning of the year.
SUI is currently trading at $2.12, up 19.5% in the last 24 hours, according to data from CoinMarketCap. This performance is much better than that of other more established cryptocurrencies on the market, such as bitcoin, which rose less than 2% in the same period.
CryptoKitties are back — now as a crypto game on Telegram
Ethereum’s classic NFT project CryptoKitties is back — but this time as a game on Telegram. This is the first official release of a product under the intellectual property (IP) since the original NFT collection launched in 2017 and serves as a “preview” of the collection’s relaunch on the Flow network. The creators of CryptoKitties are capitalizing on this trend with the launch of the All The Zen miniapp, which adopts the same simple tapping mechanics characteristic of the popular “tap-to-earn” games that have dominated Telegram.
Cryptocurrencies that rose the most in the last week
FTX Token $FTT FTX’s native token, FTT, has surprised the market by outperforming all major altcoins in the top 100 cryptocurrencies. FTT has surged 95% over the week and is currently trading at $2.72. This dramatic surge has caught the attention of traders and investors alike. The rally was mainly driven by rumors about the start of payments to creditors.
Popcat POPCAT
POPCAT hit a new all-time high this week, surging 31% in 24 hours. The Solana-based memecoin broke through the $1 resistance, setting a new ATH at $1.29 after struggling to break above that level throughout the week. The catalyst for this sudden surge remains unclear, but if holders avoid selling, the coin could continue its upward trajectory.
TON Launches “Memelandia,” a New Hub to Power Memecoins
According to TON, Memelandia is a decentralized space where memecoin communities can thrive, compete, and innovate. It offers a unique environment for the growth of meme tokens, fueled by the enthusiasm of crypto degens.
Additionally, Memelandia features several key platforms that encourage collaboration and competition among memecoin enthusiasts. One of these is the Launchpad Lair, where token implementers can launch new meme coins. Other areas, such as Meme Mountain and Cabal Arena, host meme battles between communities, creators, and traders.
What is a golden cross pattern and how does it work?
A golden cross is one of the most popular bullish signals for cryptocurrency traders, but it doesn't necessarily mean you should enter the market immediately. Before discussing the golden cross, let us understand its main component known as moving averages (MAs). A moving average records the average change in an asset’s price over a specific period. Mathematically, they are measured by adding together a set of prices (recorded over a fixed period, such as hourly, four-hourly, daily, weekly, monthly, etc.) and dividing the sum by the number of prices in the set.
LEGO removes cryptocurrency scam from homepage after being hacked
The "LEGO Coin" token appeared on the toymaker's homepage for about 75 minutes before it was taken down.
Toymaker LEGO Group has reportedly removed a "LEGO Coin" token scam that briefly appeared on its homepage after it was hacked on Oct. 5. Those who clicked the “Buy Now” button below the message were allegedly taken to the phishing site.
LEGO reportedly told consumer technology platform Engadget that the cryptocurrency scam only appeared “briefly” on its homepage and that no user accounts were compromised.
Founder of IcomTech Cryptocurrency Ponzi Scheme Sentenced to 10 Years in Prison
David Carmona, the founder of the IcomTech cryptocurrency “Ponzi” scheme, has been sentenced to 10 years in prison for conspiracy to commit wire fraud.
The founder told investors that the funds would be invested in cryptocurrency mining and trading activities and that profits would double every six months.
In addition to the 121-month prison sentence, Carmona was sentenced to three years of supervised release. The IcomTech Ponzi scheme collected an estimated $8.4 million from victims between mid-2018 and late 2019.
Cryptocurrency melts and leaves TOP100 after hacker attack on whale
Apparently, the whale $EIGEN had his email targeted by a hacker attack, and the criminal responsible asked for the withdrawal of the tokens via message, pretending to be the real investor. In the process, the criminal even changed the withdrawal address, asking for the amounts to be sent to the address in his possession. The EigenLayer team, in a serious security breach, then authorized the withdrawal of 1,673,645 EIGEN, valued at more than US$6 million at the time. Once he gained access to the tokens, the hacker quickly began to liquidate EIGEN on the market, in USDC cryptocurrency, using decentralized exchanges. Although part of the funds are already blocked and in possession of the protocol, the serious flaw committed against a whale caused the price of the project to melt.
Binance loses ground in the crypto world and reaches its lowest market share in 4 years
Binance reached its lowest market share since 2020 in September this year.
According to the data, Binance saw a 2.02% drop in market share in September, while Coinbase lost 0.68%. The biggest growth was seen by Crypto.com, with a 4.3% market share expansion in the month, while Upbit grew by 0.53%.
Despite the drop and the lowest level in four years, Binance still has a market share of 36.59%. It is followed by OKEx, with 14.1%, Bybit, with 13.57%, and Bitget, with 11%. The data takes into account both the spot and futures trading markets of cryptocurrencies.
Up about 2% on the day, the $BTC reacted well to U.S. nonfarm payrolls numbers, which came in significantly above forecasts for September, registering 254,000 compared to the 147,000 expected. U.S. stocks also responded positively, with the S&P 500 and Nasdaq Composite Index opening higher.
Ripple introduces international payments to bitcoin exchange in Brazil
Ripple, a digital asset infrastructure provider, announced last Thursday (3) the launch of its Ripple Payments solution in Brazil, in partnership with a bitcoin broker in the country. The exchange will be the first customer in Brazil to use Ripple's end-to-end managed payments solution, which allows companies to easily use blockchain to leverage faster, cheaper, more efficient and secure international payments.
This week, HBO announced a documentary called Money Electric that promises to reveal the identity of Satoshi Nakamoto, the creator of Bitcoin. Hours later, Polymarket created a poll to find out who will be featured in the series. At the time of writing, Len Sassaman appears at the top of the betting pool, with a 50% chance. In addition to him, there are 15 other options, including the possibility that multiple people are behind the pseudonym.
Market bets that Len Sassaman will be identified as the creator of Bitcoin in a new HBO series. Source: Polymarket.
PEPE Price Shows Upside Potential Despite Current Challenges
The
is currently priced between $0.000008699 and $0.000009905. Its RSI is at 36.76, indicating that it is undervalued. In the last week, the price has fallen by 4.47%. In six months, it has risen by almost 27%. And in 12 months, it has risen by an absurd 1,147%. What can we expect in the coming weeks?
) is currently trading between $0.00001700 and $0.00001722. The price recently dropped by over 9% in the past week, but it has risen by almost 32% in the past month. However, the six-month change shows a drop of almost 40%. The Relative Strength Index suggests room for a rally, but trading signals remain mixed. While the trend looks promising in the short term, SHIB needs some more time to ensure sustained growth.
Dogecoin () is trading between ten and eleven cents. The price has recently fallen 8.16% in a week, but is up over 13% in a month. Despite these changes, the longer-term outlook shows a tough six months with a decline of over 45%. If momentum changes, we could see a rally, but it is unclear if that will happen soon.
In the past 30 days, 381,401 new memecoins have been created on the Solana network. Many of these tokens end up losing 99% or more of their value within days of being released for trading on exchanges.
<br />Memecoins created on Solana in the last 30 days. Source: Step Finance. <br />
But be careful, be very careful with these pump and dump schemes, as most of them come from celebrity memecoins, which have attracted widespread criticism from traders and industry professionals.And you, have you ever fallen for this?
Bitcoin is a 'safe haven in times of fear', says BlackRock
Bitcoin has outperformed gold and the S&P500 and has outperformed the most disruptive macroeconomic and geopolitical events of the past five years, according to BlackRock.
Comparison of Bitcoin, Gold and S&P500 performance during disruptive events. Source: BlackRock