Category: AI

CryptocurrencyanalyticsfirmMarktQuanthasreleaseditslatestassessment,providinginsightintothecurrentstateofmajorcryptocurrenciessuchasBitcoin(BTC),Ethereum(ETH),andSolana(SOL). AccordingtoMarktQuant,Bitcoin’svaluationhasfallento0.93,indicatingpotentialnear-termweakness.Theanalysissuggeststhataretestofthekeyvolumelevelaround$67,500couldbepossiblebeforeanyrally.ThisalignswithBitcoinapproachinganoversoldpointwithinitsvolatilitybands. Despitetherecentbreakoutattempts,thefirmremainscautious,statingthatthemoveisnotconvincing.BTCneedstodecisivelybreakabovethe$78,600levelforaconfirmedbullishtrend.Untilthen,meanreversionpatternsareexpectedtohold,keepingthecoininitscurrentrange. Incontrast,Ethereumhasshownrelativestrengthwithanear-neutralvaluationat-0.07.TheanalysissuggeststhatifETHcanbreakabove$2,600,itcouldsignalupwardmomentum,supportedbythecurrentsupportlevels. Solana’svaluationhasfallento0.52,indicatingnear-termweaknesswhileremaininginpositiveterritory.SOLiscurrentlytestingthe-1standarddeviation(SD)channel,suggestingitshouldholdabovethislevel.MarktQuantnotesthatifBitcoin’spriceweakensfurther,SOLcouldfindsupportatthehigh-volumelevelaround$148. *Thisisnotinvestmentadvice. en.bitcoinsistemi.com

Accordingtothelatestdata,thestablecoineconomynowholdsavalueof$172.892billion,withOctoberadding$555milliontothefiat-peggedtokenmarket. StablecoinMarketContinuestoClimb Lastmonthsawstablecoinsgrowmodestly,withthemarketinchingup0.32%from$172.337billionto$172.892billion.Leadingthepack,tether(USDT)nowboastsasizablemarketcapof$120.522billion,whichtranslatesto69.71%ofthestablecoinsector’stotalvalue.October’snumbersindicatea0.7%riseinUSDT’ssupply.Insecondplace,usdcoin(USDC)holdsa$34.629billionmarketcap,markinga1.9%dipfromthepreviousmonth. DAIexperienceda2.9%dropinOctober,bringingitsmarketcapto$4.887billion—ashiftprimarilyduetoSky’sUSDS,whichroseto$1.082billion.Notably,DAItokenscanbeexchangedforUSDSonaone-to-onebasis.Ethena’sUSDEranksfourth,withamarketvalueofaround$2.755billion,afterseeingan8.7%increaseinlastmonth.Meanwhile,thefifth-largeststablecoin,FDUSD,declinedby10.78%,settlingat$2.156billion. ThisshiftwithDAIplacesUSDSinthesixthpositionoutofthetoptenU.S.dollar-peggedcoinswithamarketcapof$1.082billion.Stablecoinscontinuetodominatetradingactivity,accountingfor$30.068billionofthecryptoeconomy’s$70.116billionintradesoverthepast24hours.Thatmeansroughly42.88%ofalltradesarecompletedwithstablecoins,leavingotherassetstosettletheremainingtrades. Despitetheupsanddownsofindividualtokensupplies,thestablecoinsector’sgradualgrowthpointstosustainedinterestinfiat-peggedassetswithinthecryptospace.Representingnearlyhalfofallcryptotradingvolume,stablecoinshavesecuredtheirroleintheecosystem,providingasteadyinginfluence.ThechangingmarketcapsoftokenslikeUSDT,USDC,DAI,FDUSD,andthenewlylaunchedUSDS,highlightthediverseforcesshapingthisevolvingecosystem. news.bitcoin.com

JedMcCalebenvisionsStellarasatopsolutionforaffordablecross-borderpayments. Stellar’smissionistobringeasy,reliableglobalpaymentstounderservedregions. InspiredbyVenmo,Stellaraimstobuildfinancialaccessformillionsworldwide. JedMcCaleb,co-founderofStellar,recentlyrevealedhisvisionforStellar’ssystemasaglobalfundingservice.HeaimstomakeforeigndepositsaffordablethroughStellar’scurrency,$XLM.McCalebbelieveshisplatformcouldtransformhowpeoplesendmoneyinternationally,bringingfinancialaccesstomillions.Thisvisionisdrawinginterestasdemandforcheap,accessiblebillingoptionscontinuestogrow. Stellar’sGoalofAffordableInternationalPayments Stellar,establishedin2014,aimstomakeexchangeseasyandaffordableacrossborders.WhileVenmofocusesonpaymentswithintheU.S.,itstargetisglobaleconomies.Itisdesignedtoreachcommunitieswithlimitedfinancialservices,aimingtoprovidepeoplewithreasonablepaymentoptions.Itsplatformalsosupportscreating,trading,andsendingdigitalassets,makingitflexibleandusefulfordifferentneeds. NEW:🇺🇸JedMcCaleb,Stellar$XLMCo-Founder,BelievesHisCompanyIsBuildingTheFirst“GlobalVenmo”! Whenasked—“Afterregulatoryclarity,wheredoyouseeStellarin10years?” “AGlobalVenmo,beingabletosendsmallamountsofmoneyaroundtheworldwouldbevery…pic.twitter.com/dlPlKUKsWz —GoodMorningCrypto(@AbsGMCrypto)November1,2024 Stellaroffers“interoperability,”whichallowsittoworkwithtraditionalbanksanddigitalcurrencies.ThisabilitymakesStellarabridgebetweendifferentfinancialsystems.Hence,itcouldbecomeacrucialsolutionforthosewhoneedfastandaffordableelectronictransactions. Venmo’sGrowthasaU.S.CashTransferLeader TheorganisationhasdevelopedintooneofthemostpopularmonetaryapplicationsintheU.S.Itssimpledesignandeasy-to-userepaymentmodelhavemadeitpopular,especiallyamongyoungerpeople.CreatedbyIqramMagdon-IsmailandAndrewKortina,VenmogainedtractionafteritwasacquiredbyfintechcompanyBraintreein2012andlaterbyPayPalin2013. Itspopularitysurgedin2015withapowerfulpromotionalpushbyPayPalthatencourageduserstospendwiththeappinsteadofcash.Sincethen,Venmohasbecomeastapleforpeer-to-peertransfers.Thissuccessshowsthedemandforeasydigitalmonetaryoptionsandraisesquestionsaboutwhetherasimilarworldwidemodelcouldwork. Stellar’sGlobalAdvantageinDigitalPayments Thecompany’suniquedesignfocusesonreachinginternationalmarketsandthoseunderservedbytraditionalfinance.Theplatform’sinteroperabilityallowsittohandledifferenttypesofassets,fromfiatcurrenciestodigitalcoins.Besidesprovidinginexpensivesettlements,Stellar’sstructurealsosupportsbusinessesandstartups,makingitabroadfinancialsolution. cryptonewsland.com

FLOKIisnavigatingacriticalmomentastechnicalindicatorsflashbearishsignals,raisingconcernsoveritsabilitytomaintainsupportat$0.000110.Withdownwardmomentumbuildingandsellersgainingstrength,thissupportlevelhasbecomeafocalpointfortraderswatchingforsignsofstabilityorfurtherdecline.Asthemarketturnscautious,thestrengthofFLOKI’ssupportwillbecrucialindeterminingitsnextmoveandwhetheritcanwithstandthecurrentdowntrend. ThisanalysisaimstoassessthecurrenttechnicalindicatorssignalingbearishpressureforFLOKIandevaluatethepotentialresilienceofthe$0.000110supportlevel.Byexaminingkeyindicatorsandmarketdynamics,thispieceaimstoprovideinsightintowhetherthememecoincanholdsteadyatthiscriticalthresholdoriffurtherdownsiderisksloom. IsFLOKI’s$0.000110SupportInDanger? Onthe4-hourchart,FLOKIisexhibitingnegativemomentum,tradingbelowthe100-daySimpleMovingAverage(SMA)asittrendsdownwardtowardthe$0.000110supportlevel.Acontinueddescenttowardthissupportsuggeststhatsellingpressureisintensifying,andifthesupportfailstohold,FLOKIcouldexperiencemoredeclines. Also,the4-hourCompositeTrendOscillatorforFLOKIindicatesbearishmovement,withthesignallinecrossingbelowtheSMAlineanddroppingbelowthezeroline.Thisshiftsuggestsincreasingsellingpressure,favoringsellersandraisingconcernsaboutpotentialfurtherdeclinesinprice. Onthedailychart,thememecoindisplayssignificantdownwardmomentum,highlightedbyaseriesofbearishcandlestickpatternsthathaveemergedfollowingafailedrecoveryattempt.Theinabilitytosustainupwardmovementaftertherecoveryattemptsuggestsalackofbuyerconfidenceandaprevailingbearishsentimentinthemarket.AsFLOKItrendstowardthissupportlevel,thepressurefromsellerscouldintensify,raisingconcernsaboutthepossibilityofabreakdown. Athoroughexaminationofthe1-dayCompositeTrendOscillatorrevealsthattheassetispositionedforpossibleextendedlosses.ThesignallinehascrossedbelowtheSMAlineandistrendingdownwardbeneaththezeroline,signalinganotableshiftinmomentumtowardthenegative.Ifthisdownwardtrendcontinues,FLOKImayfacesubstantialchallengesinregainingupwardtraction,leadingtoanextendedperiodofdiminishedpricemovementandincreasedbearishsentimentinthemarket. TestingTimesAheadForFLOKI FLOKIisnearingapivotalpointasitapproachesthe$0.000110supportlevel.Iftheassetbreaksthiscriticalthreshold,itcouldtriggeranadditionaldecline,potentiallyleadingthepricedowntothe$0.00005381levelandothersubsequentsupportareas. Conversely,shouldthememecoinmanagetoholdthe$0.000110supportlevel,itcouldestablishabaseforapossiblerebound,pavingthewayforapriceincreasetowardthe$0.0002105markandotherresistancelevels. FeaturedimagefromAdobeStock,chartfromTradingview.com newsbtc.com

XRPandXLMmayseemlikecompetitors,buttheyactuallysupporteachother. XRPfocusesonbanks,whileXLMhelpsindividualswithoutbankingservices. ThissentenceisstraightforwardandhighlightsthedistinctrolesofXRPandXLM. XRPandXLMarerisingasimportantplayersinthecryptocurrencymarket.Thesedigitalcurrenciesoftenseemlikerivalsbutmayactuallysupporteachother.Theirpartnershipcouldchangecross-borderpaymentsandfinancialtransactions.Recently,VeresanfromBlackSwanCapitalistsharedthoughtsonthisteamwork.HepointedoutJedMcCaleb’svisionforasinglecurrencysystem,whichhighlightsthepotentialforXRPandXLMtoworktogether. DifferentPathstoCross-BorderPayments XRP,createdbyRipple,mainlyhelpsbanksandfinancialinstitutions.Itsgoalistomaketransactionseasierforglobalbanking.Itaimsforsecuretransactionsthathavelowfees.Ontheotherhand,Stellar’sXLMfocusesonindividualsandthosewithoutbankingservices.Itseekstoofferfinancialhelptothosewhocannotaccesstraditionalbanks. Architectof#XRPand#XLM,JedMcCaleb’spastwordssayitall: \"Havingallthesedifferent#currenciesdoesn’tmakesense,wejustneedoneinteroperablelanguage,andwewillgetthere\" Theblueprintisclear.#XRPand#XLMarecomplementaryforceshttps://t.co/yFZRTq01o8pic.twitter.com/thc0a4A1Jf —Versan|BlackSwanCapitalist(@VersanAljarrah)November1,2024 Bothcryptocurrencieshavelowtransactioncostsandquickprocessingtimes.Thisspeedmakesthemattractivetomanyusers.However,XRPhasadeflationarymodel,whileXLMhasaninflationarymodel.Thiskeydifferenceaffectshoweachcurrencyholdsvalueovertime. ImpactofRegulationsonMarketDemand ThechangingregulatorylandscapeplaysabigroleinhowXRPandXLMperform.Recently,therehasbeentalkaboutafriendlierregulatoryenvironment.ApotentialwinforDonaldTrumpintheupcomingelectionsmightleadtomoresupportforcryptocurrencies.Investorsarepayingattentiontothispossibilitysinceitcouldinfluencedemandforbothcurrencies. Ripple’srecentlegalwinsagainsttheSEChavealsostrengthenedXRP’smarketposition.Theseoutcomesofferaglimpseofclearerrulesforcryptocurrencies.ThispositivenewshelpsboostinterestinXLMandotheraltcoins.Investorsfeelmoreconfidentaboutthefutureofthesedigitalassets. FinancialInstitutionsDriveAdoption Banksareincreasinglylookingforwaystoimprovetheirpaymentsystems.Manyfinancialinstitutionsarenowadoptingblockchaintechnologytoenhancetheiroperations.XRPandXLMhaveformedpartnershipswithmanyleadingbanksandfinancialorganizations.Theseconnectionsshowtheirabilitytochangethefinanciallandscape. UnderstandingthedifferencesbetweenXRPandXLMiskeyforinvestors.XRPtargetsinstitutionalclients,whileXLMfocusesonindividualusers.Bothcurrenciesaimtospeeduptransactionsandreducecosts.Theircomplementarynaturesuggeststheycanworktogetherinthefutureofcross-borderfinance.Astheydevelop,theirabilitytoadaptwillbecrucialinthedigitalcurrencyworld. cryptonewsland.com

TheideaoftheDogecoincommunitytopromoteDOGEandexpandtherangeofitsutilitycasescontinuestothrive.ThemaintriggerforitwasElonMuskintegratinghisfavoritememecryptocurrencyasapaymentoptionwithTeslaandSpaceX. Dogecoincreatorsays\"yes\"topayingforXmerchwithDOGE Now,theDogecoincommunityhassupportedanideaofusingDOGEaspaymentforXmerchifsuchmerchiseversoldbythesocialmediagiantthatbelongstoElonMusk.TheideawassuggestedbyaDOGEenthusiastonX@dogeofficialceo. BillyMarkus,knownonsocialmediaasShibetoshiNakamoto,whocreatedDOGEincollaborationwithJacksonPalmerin2013,hasalsocasthisvoteinsupportofthisplayfulidea. ya —ShibetoshiNakamoto(@BillyM2k)November1,2024 Dogecoincouldsee27%rally,analystpredicts CryptocurrencytraderandanalystAliMartinezhastakentohisXaccounttoshareaDogecoinpricepredictionthatcanturnrealinthenearfuture. If#Dogecoin$DOGEbreaksabovethe$0.169resistance,wecouldseea27%rallyupto$0.209!pic.twitter.com/seVi6gdoH5 —Ali(@ali_charts)November2,2024 CommentingonaDOGE/USDTchart,onwhichDOGEisabouttobreakoutfromthedecliningpattern,MartineztweetedthatDogecoinnowneedstobreakabovethe$0.169resistancelevel.Ifthathappens,hesaid,thenthelargestmemecryptocurrencycouldstartona27%rallyandreachthe$0.209level. ElonMusktriggerscryptoarmywithDOGEpost OnOct.28,techbillionaireElonMuskpublishedaphotoofhimselftakenduringoneofhisrecentpublicspeechesinhisU.S.tour,whereheraiseshishands,tougheninghisbicepsinavictoriousgesture. ThisphotowascombinedwithaDOGEmemewherethedogwithahumanweight-lifter’sbodyraiseshandsinthesamegesture.Muskisawell-knownDogecoinsupporterandloverofmemes,whousedtofrequentlypostDOGEmemesinthepastonhisTwitteraccountlongbeforeheboughtthisplatformandrebrandeditasX. TheDOGEcommunityreactedwithahighdegreeofenthusiasm,seeingthatMuskstilllovesandsupportsDogecoin.MuskevenpreferstocalltherecentprojectwhereMuskwasofferedaleadingposition—D.O.G.E.—thatisshortfortheDepartmentofGovernmentEfficiency.However,thelaunchofthisorganizationisnotcertainyet.ThingsaretobeclarifiedafterNov.5. u.today

TheQ4sentimentinthecryptomarketissteadilyrecoveringasBitcoinpriceinchesclosetothenewalltimehigh.Amidthebullishmomentum,thememecryptocurrencysectorshowspotentialtodriveahighmomentumrallyduetotheirvolatileanalyst.ThecryptoanalysthighlightsthatPepecoinpricecouldleadthechargeasitreplicateschartformationfromDOGE’s2021rally.

Solana(SOL)recordedanimpressivedouble-digitgaininOctober,markingitsfirststrongperformanceinseveralmonths.Thisrallyhasfueledbullishsentimentamonganalysts,manyofwhompredictthatSolana’spriceinNovembercouldbringfurtherupwardmomentumforthealtcoin. ButwhatshouldinvestorsexpectfromSolanathismonth?Inthisanalysis,BeInCryptorevealssomeanalysts’targetsandsignsfromcrucialindicators. AnalystExpectationsDifferforSolana Atpresstime,Solana’spricestandsat$166,markinga22%surgeoverthepast30days.PseudonymoustraderCryptoGeneralnotesthatSOL’soutperformanceofBitcoin(BTC)hintsatfurthergainsforthealtcointhismonth. “SOLisshowinggreatstrengthfromthepastfewweeks,defyingtheBTCdumpsbutpumpingalongwithBTCpumping.NodoubtitisoneofmyfavouritecoinforthisseasonandIamtargetingaminimumof$290inthecomingweeks,”CryptoGeneralpostedonX(formerlyTwitter). Additionally,theSharperatiohassurgedintopositiveterritoryafterremainingintheredfromJulytoSeptember.TheSharperatiomeasuresreturnsbyadjustingforrisk,makingitapopulartoolforcomparingassetperformance. AnegativeSharperatioindicatesthatthepotentialreturnmaynotjustifytherisk.However,nowthatit’spositive,Solana’spriceshowspotentialforfurthergainsinNovember,supportingabullishoutlook. Readmore:7BestPlatformsToBuySolana(SOL)in2024 SolanaSharpeRatio.Source:Messari ContrarytoCryptoGeneral’sprediction,analystBenjaminCowensaysSOLmightnotreplicateitsperformanceinOctober.Infact,theanalystsaysthattheSOL/BTCpair,whichwasinfavorofthealtcoin,mightdropthismonth. “Ithinksol/btcwilldropinNov/decandbounceearly2025,”Cowenopined. Meanwhile,Santimentshowsapositivefundingrate,indicatingthattherearemorelongs(buyers)thanshorts.Incontrast,anegativefundingratesuggeststhatshortsdominatethemarket.Thus,thecurrentreadingreflectstraders’expectationsforanincreaseinSOL’spricethisNovember. SolanaFundingRate.Source:Santiment SOLPricePrediction:$209TargetIsPossible SinceWednesday,SOL’spricehasfallenby8.88%,nowtradingaround$163.72.Despitethisdip,thedailychartindicatesthatthetokenremainsabovekeysupportat$159.67.Giventhissetup,Solana’spricemayfindareboundofftheselows,potentiallyrallyingtoward$209.30bymonth’send. Readmore:Solana(SOL)PricePrediction2024/2025/2030 SolanaDailyAnalysis.Source:TradingView However,ifbullsfailtoholdthissupport,thisoutlookforNovembermaybeinvalidated,andSOLcouldthenslidefurthertoaround$136.71. beincrypto.com

Neary65millionAmericanshavealreadycasttheirvotesaheadofnextweek’selection—andtheracebetweenthetwocandidatesistighteningup. Cryptocurrencyhasbeenasignificantissueinthepresidentialrace,withformerpresidentandRepublicannomineeDonaldTrumppivotingfromaskeptictoaself-proclaimedcryptocandidate,whilecurrentVicePresidentKamalaHarris—whotookoverforPresidentJoeBidenastheDemocrats\'pickinJuly—hassignaledanintenttobreakfromtheanti-cryptopoliciesofthecurrentadministrationinwhichsheserves. AtDecrypt,we\'vebeencoveringtheinsandoutsoftheroleofcryptocurrencyinAmericanpoliticsthroughouttheentireelectioncycle.ButwithjustthreedaysleftuntilElectionDay,here\'saprimeronwhereTrumpandHarrisstandoncrypto,andwhatyoumightexpectifeithersecuresthewinnextweek. DonaldTrump Ex-PresidentDonaldTrumphasbeenfarlouderthanHarrisonthetopicofcrypto. Previouslyanti-Bitcoinandskepticalofthecryptospace,thebusinessandrealestatemogulhastakenasharpU-turnonthetopic,comingoutasanadvocatefortheindustryandpickingupamplesupportanddonationsalongtheway. IamnotafanofBitcoinandotherCryptocurrencies,whicharenotmoney,andwhosevalueishighlyvolatileandbasedonthinair.UnregulatedCryptoAssetscanfacilitateunlawfulbehavior,includingdrugtradeandotherillegalactivity.... —DonaldJ.Trump(@realDonaldTrump)July12,2019 Fast-forwardto2024andTrumphasreleasedmultiplesetsofNFTcollectibles,calledfortheAmericanizationofBitcoin,andevenhasbackedadecentralizedfinance(DeFi)projectcalledWorldLibertyFinancialalongsidehissons.WorldLibertyhasn\'tgottenofftoagreatstartwithprospectiveinvestors,thoughsourcestellDecryptthatitplanstoissueastablecoin. LikesomeotherRepublicans,Trumphasrailedagainstcentralbankdigitalcurrencies(CBDCs),ordigitaldollars—effectivelygovernment-backedcryptocurrenciesthatdon’tyetexistintheU.S.,butfrightenthelibertarianwingoftheGOPandlargepartsofthedigitalassetspaceduetofearsofincreasedgovernmentsurveillance. HispromisetohelpBitcoinmining—abigbusinessformerlydominatedbyChina,butnowwithalotofAmericanplayers—perfectlyfitsTrump’sfieryprotectionistbrand.AsdoeshisdesiretofirecryptobogeymanGaryGensler,thecrypto-targetingU.S.SecuritiesandExchangeCommissionchairman. TopexecutivesinthecryptospacehavesincebackedTrumpforhisapparentpassionfortheindustry,oratleasthiswillingnesstopubliclyengagewithanindustrythatmostpoliticianshaveavoided. Ifelectedtoasecondterm,willTrumpliveuptohispromisestoprotectcryptointheU.S.andadvancetheindustry? KamalaHarris DemocraticnomineeKamalaHarriswasinitiallyquietonthetopic,andunlikeTrump,certainlyhasn\'tbeenseentossingburgerstoBitcoinersataBTC-themedNewYorkCitybar. Butcryptoisapartoftheformerattorneygeneral’sagenda. InOctober,Harrissaidshehadplansforthespacewhenapartofher“KamalaHarrisWillDeliverforBlackMen”platformincludedacommitmentforspecificallyfortheAfricanAmericancommunity. Adocumentforthecampaignsaiditwasfor“supportingaregulatoryframeworkforcryptocurrencyandotherdigitalassetssoBlackmenwhoinvestinandowntheseassetsareprotected.” Theframingprovedcontroversial,particularlysinceitwasarguablyhermostspecificcommentstodateaboutcrypto.ButaspokespersonlaterclarifiedthatsuchplanswereintendedforallAmericans,andwouldn\'tbelimitedbyrace. Thatisn’ttheonlyevidencethatthecryptoindustrywillfitintoherpresidentialplans,however.Harrishassaidthatblockchain,AI,andotheremergingtechnologieswillbeinnovateduponinAmerica,andbeforethattolddonorsatafundraisingeventthatshewouldencouragegrowthforthedigitalassetsspaceinthecountry. BillionairebusinessmanandcryptoenthusiastMarkCubanpreviouslytoldDecryptinJulythattheHarriscampaignreachedouttotheformerDallasMavericksownerwithquestionsaboutdigitalassets.HelatersaidtheHarriscampwas“farmoreopen”tothespacethantheBidenadministration—andhe\'snottheonlycryptoheavyweightwho\'soptimisticaboutKamala. EditedbyAndrewHayward decrypt.co

Solana(SOL),aLayer1blockchain,hasshownvariedpricemovementsthroughthesecondhalfof2024.Afteranearlysurge,thecryptocurrencyencounteredstrongresistancenearthe$200level,leadingtoaperiodofpricefluctuation.Recently,SOL’spriceappearstobeconsolidatingasanalystshintatapotentialbreakout.Withmarketexpertsconsideringtheasset“cheap,”somebelievethatSolana’scurrentmomentumcouldsetthestageforasignificantupwardtrend,suggestingpromisingopportunitiesahead.