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Will TRUMP Price Hit a Yearly Low Ahead of the Elections?

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TRUMP price has witnessed a notable decline in the past few weeks. The Trump-inspired meme coin is now trading at $3.31, reflecting a 27% decline over the past week.

With the election just one week and six days away, TRUMP is poised to revisit its yearly low of $1.70. This analysis explores the factors making that scenario increasingly likely.

MAGA Sees Spike in Selloffs

TRUMP’s price has declined by 22% in the past 24 hours. During the same period, its trading volume has totaled $12 million, rising by 122%. 

When an asset’s price drops while its trading volume skyrockets, it indicates strong selling pressure in the market. The combined interpretation of this trend suggests that many TRUMP traders are selling off their positions. This shows that holders are losing confidence in the asset as the election date approaches, prompting a rush to sell.

Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

TRUMP Price/Volume
TRUMP Price/Volume. Source: Santiment

TRUMP’s negative Chaikin Money Flow (CMF) supports this bearish outlook. As of this writing, this indicator is in a downtrend, below the zero line at -0.04.

The CMF indicator measures money flow into and out of an asset. When its value is above zero,  it indicates that an asset is being accumulated, suggesting bullish sentiment, as buying pressure exceeds selling pressure.

Conversely, a CMF reading below zero suggests a bearish sentiment. It signals that selling pressure dominates the market, and downward momentum will likely continue.

TRUMP CMF
TRUMP CMF. Source: TradingView

Furthermore, TRUMP’s double-digit decline has pushed its price below the 20-day exponential moving average (EMA), which tracks its average price over the past 20 trading days. 

This is a bearish signal because it suggests that Trump’s short-term trend is weakening. It indicates that the meme coin sellers are gaining control and have pushed its price below the moving average of the past 20 days.

TRUMP 20-Day EMA
TRUMP 20-Day EMA. Source: TradingView

TRUMP Price Prediction: Meme Coin May Revisit Yearly Low

If the current trend continues, TRUMP’s price is at risk of revisiting its yearly low of $1.70, marking a 48% decline from its current value. However, if market sentiment shifts from bearish to bullish and new demand for the meme coin surges, TRUMP’s price could rebound and begin an uptrend.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

TRUMP Price Analysis
TRUMP Price Analysis. Source: TradingView

In this scenario, it would aim to break through resistance at $5.49. If successful, TRUMP could potentially rally further, targeting $11.64.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Will Aptos Price Reclaim its Yearly High?

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In the past few weeks, Layer 1 (L1) blockchain Aptos (APT) has witnessed a significant surge in network activity. User activity on the Proof-of-Stake (PoS) network has climbed to multi-month highs, driving the value of its native token, APT, to new heights.

Readings from its technical setup suggest that APT is poised to extend its current gains. If demand is sustained, the altcoin may rally toward $19.37. This analysis delves into why that is likely in the mid-term. 

Crypto Users Flock to Aptos 

On-chain data has revealed a notable uptick in user activity on Aptos over the past month. Per Artemis, the daily count of unique addresses that completed at least one transaction of the blockchain in the past 30 days has skyrocketed by 115%. During the period in review, Aptos’ daily active addresses have totaled 743,466.

The recent surge in user activity on the Aptos network has led to a significant increase in its daily transactions. Over the past month, the network has processed more than 5 million transactions, marking an impressive 373% growth in transaction volume. 

Read more: 5 Best Aptos (APT) Wallets in 2024

Aptos Network Activity
Aptos Network Activity. Source: Artemis

This growth is evident in Aptos’s thriving decentralized finance (DeFi) sector. Its DeFi total value locked (TVL) has spiked 67% over the past 30 days, reaching an all-time high of $909 million. 

Aptos TVL.
Aptos TVL. Source: DefiLlama

According to DefiLlama, Aptos currently ranks as the 11th largest blockchain by TVL, trailing just behind Sui, which has a TVL of $1.01 billion.

APT Price Prediction: Coin Targets Yearly High

The surge in network activity has translated into impressive price gains for APT. As of this writing, the altcoin trades at $10.88, just above the support of $10.07. It has noted an 11% price surge over the past 24 hours and currently ranks as the market’s top gainer.

BeInCrypto’s assessment of the coin’s key momentum indicators suggests the possibility of an extended rally. For example, APT’s Chaikin Money Flow (CMF) has also trended upward with its price, and it currently rests above the zero line at 0.20. 

The CMF measures how money flows into and out of an asset. When it rises alongside price, as in APT’s case, it suggests the upward price movement is backed by strong buying volume, making the trend more likely to continue. If the uptrend is sustained, Aptos’ price may attempt to reclaim its yearly high of $19.37 and can possibly surge towards the psychological resistance at $20. 

Read more: Aptos Crypto (APT): A Guide to What it Is and How it Works

Aptos Price Analysis
Aptos Price Analysis. Source: TradingView

However, a surge in profit-taking activity will invalidate this bullish projection. If this happens, APT’s price may drop to its August 5 low of $4.32. 

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Is Cardano dead? Trader says Rexas Finance (RXS) could beat ADA in 2025, RXS now listed on CoinMarketCap

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Cardano (ADA) was at the center of interest a few years ago, but many investors now wonder if it has lost its ‘wow’ factor. The coin, which is relatively steady and has built a good system of development, reached its maximum in 2021 and has since been experiencing slower growth. However, some traders believe that Cardano isn’t over, but should not be a primary focus for traders looking at explosive long-term growth. On the other hand, projects like Rexas Finance (RXS) are emerging and a growing number of traders believe that RXS may offer more upside than ADA during the 2025 rally.

Is Cardano dead?

So, is Cardano dead in the real sense of the word? The answer is no. Despite facing declining interest over the years, Cardano has still striven to remain on course as a secure and relatively stable network. The design philosophy that underpins Cardano is very conservative, and therefore, it has been pretty slow in deploying updates and new features. Such a strategy appeals to the subset of investors who are more conservative and abhor speculation. Cardano also stands out because of its dedication to enhancing the ecosystem. Its smart contract platform allows for decentralized applications (dApps) and this still has room for growth in the years to come.However, for investors in the parabolic gains segment who are at present considering Cardanol, its relatively stagnant growth may not be the most compelling option. As of today, Cardano has lost significant ground at $0.3605, which is a 65.75% price drop since the March 2024 peak. The downtrend may be slow but that’s a far cry from the previous, and many are seeking alternative bets that are more enticing.

Why Rexas Finance (RXS) could beat ADA

 

The other such opportunity is Rexas Finance (RXS), a new RWA token that traders think will beat its predecessor within the next few years. Rexas Finance addresses the real-world assets market and a crypto trader says RXS ‘will have an easy time ‘ surpassing ADA this 2025 rally.Many investors already find the presale price of this token appealing as it is pegged at $0.060, which is more than 100% appreciation compared to the first presale price of $0.030. Rexas Finance has been outlined to be listed at $0.2 but could then skyrocket to $16 according to some forecasts, which would represent an astonishing 26,500% appreciation by the year 2025.

However, one may ask, what will enable Rexas Finance to outdo Cardano? A simple explanation is that this allows actual functioning in the asset class market. Rexas Finance provides a platform that enables users to purchase asset fractions of tokenized assets such as real estate, art, and other physical commodities. This means that investors will be able to access the global market for assets without barriers of geography or capital.

For instance, one person in one part of the world can, with just a few clicks, own a section of a well-appointed property located in another part of the world. This freedom provides new avenues for clients and property managers alike on how to tokenize and exchange pockets of interest in investment assets. Thanks to the efficient token builder tool that it offers, Rexas Finance can let even non-tech people securitize their physical assets without coding. It is compatible with various token standards which include ERC-20, ERC-721, and ERC-1155 making it very useful and expandable. Investors can also look for funding for their tokenized assets from the Rexas Launchpad creating a lively environment for the functional development of the ecosystem.

Tracking Rexas Finance (RXS) on CoinMarketCap

Once Rexas Finance gained some traction, it has now been included in the listings at CoinMarketCap. This listing allows investors to keep a keen eye on the price changes, their news, and the developments of RXS. Having RXS on a reputable site such as CoinMarketCap helps Rexas Finance reach a wider audience, offering investors the proper tools to manage their investments and helping them to choose proper actions.

Presale opportunity and $1,000,000 giveaway

To encourage early investors, Rexas Finance gives them an interesting opportunity to engage in its presale. As such, the project is conducting a $1,000,000 giveaway, in which 20 random participants are to receive $50,000 each.By coming on board early in the presale, there are strong possibilities to benefit from the giveaway while it lasts, and also your investment could grow with the anticipated increase in the value of the RXS token. 

Conclusion

While Cardano remains a stable and secure platform, its slow growth might not appeal to investors looking for fast gains. Rexas Finance, on the other hand, offers a compelling alternative, with its innovative real-world asset tokenization and impressive growth potential. As the 2025 rally approaches, some traders are increasingly optimistic about Rexas Finance’s ability to outperform ADA, with some of the most optimistic forecasts predicting a 26,500% surge by the end of next year. Getting listed on CoinMarketCap and launching a $1,000,000 giveaway in its presale stage, Rexas Finance is positioning itself as an opportunity for anyone who’s been waiting to invest in the next big crypto. 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance



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Analyst Prediction for Bitcoin (BTC) Hints at $200,000: How?

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Sminston With, a crypto analyst, has predicted that Bitcoin’s (BTC) price could surpass $200,000. This forecast came on the same day that the Bitcoin price failed to hit the widely expected $70,000 mark. 

However, With suggests that the prediction might not come to pass this year or next. In this analysis, the platform reveals how the analyst arrived at this conclusion and whether Bitcoin has a chance of hitting this target.

Bitcoin Decay Model Suggests Higher Highs, Analyst Reveals

On Monday, October 21, With posted on X (formerly Twitter), saying that BTC could hit between $199,106 and $207,623. The analyst came to this conclusion after evaluating the Decay Channel model.

The decay model was designed to challenge previous prediction models, particularly the widely recognized Rainbow Chart and Stock-to-Flow (S2F) model. Both of these earlier models have been influential in forecasting Bitcoin’s price movements. 

Still, the decay model presents an alternative perspective by incorporating factors that may account for diminishing returns and slowing growth as the asset matures, as shown below. Interestingly, this forecast is another analyst’s prediction for Bitcoin, which predicts that the coin could reach $200,000 in 2025.

Read more: Top 7 Platforms To Earn Bitcoin Sign-Up Bonuses in 2024

Bitcoin Cycle Top Targets
Bitcoin Cycle Top Targets. Source: X/Twittter

“Depending on the regression method used, linear or nonlinear, the upper bound of decay on January 1st, 2026, looks to be either $199,106 or $207,623. Even with this much decay, this is bullish!” With said.

However, on-chain data obtained by looking at Bitcoin’s Cycle Top Indicator shows that the coin might not go that high. Instead, the 350-day Simple Moving Average (SMA), which spots the highest possible price of a cycle, reveals that BTC’s top could be around $114,256.

Bitcoin cycle top prediction
Bitcoin Pi Cycle Top. Source: Glassnode

In a related development, Jurrien Timmer suggested that Bitcoin’s price might continue to trade sideways for an extended period. 

In his post, Timmer pointed out that Bitcoin’s adoption curve currently lags behind that of gold, making it difficult for BTC to experience rapid acceleration in the near term. This slower adoption could be a limiting factor in Bitcoin’s price growth despite its potential as a store of value.

BTC Price Prediction: Drop Below $63,000 First

According to the daily chart, Bitcoin’s price attempted to hit $70,000, and the wick of the last green candle reached $69,126.

However, as seen below, the coin could not break out of the rising parallel channel, which could have sent it higher. Due to this, BTC is currently trading below $67,000. A look at the Relative Strength Index (RSI) shows that the reading has dropped.

The RSI measures momentum using the size and speed of price changes. When it increases, momentum is bullish. On the other hand, a decrease implies a rising bearish momentum, which seems to be the case with BTC currently.

Read more: Bitcoin (BTC) Price Prediction 2024/2025/2030

Bitcoin price analysis
Bitcoin Daily Price Analysis. Source: TradingView

If sustained, Bitcoin’s price might drop to $62,995. On the flip side, if momentum becomes bullish again and buying pressure increases, BTC might climb to $69,400 and possibly surpass $73,000 in the short term, aligning with the analyst prediction for Bitcoin.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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