Altcoin
SAFE Price Skyrockets 88% On Major Listing, More Gains Ahead?
Safe, the largest smart account ecosystem on EVM, nabbed substantial investor attention across the crypto industry on Thursday as its native coin’s SAFE price rocketed nearly 88%. The leading S. Korean crypto exchange Upbit listed the token, prompting market reactions from traders and investors. Meanwhile, crypto market participants speculate whether the coin could sustain a bullish movement ahead in light of its recent listing.
SAFE Secures Major Exchange Backing Sparking Optimism Over Price
As per an official Upbit announcement dated October 24, the S. Korean crypto exchange is listing SAFE in KRW, BTC, and USDT trading pairs today.
“Deposits and withdrawals through networks other than the guided network are not supported,” the exchange added. Buy orders are restricted for roughly five minutes after the trading support commences.
Further, deposits and withdrawals are allowed only via personal wallet addresses where the ‘confirmation of ownership’ has been done. However, Upbit notified users that when depositing large sums of digital assets from unknown sources, a call for the source of funds may be requested.
Coin Price Shoots Up 88%
Nevertheless, the announcement by one of the leading crypto exchanges has promptly fueled a positive impact on SAFE price. The coin currently reflects immensely bullish market sentiments, with on-chain stats also mirroring an uptrend.
At press time, SAFE price surged by a staggering 88% from its 24-hour low and is trading at $1.75. The crypto’s intraday low and high were recorded as $0.9199 and $1.78, respectively. Even traders reacted positively to the Upbit listing, as seen by a whopping 453% surge in the asset’s intraday trading volume.
Further, Coingass data indicated a remarkable 500% surge in SAFE futures OI to $7.62 million. Moreover, the derivatives volume upsurged 33% to $14.10 million. The data underscores an uptrend for the token today, coupled with its phenomenal activity in derivatives market.
Simultaneously, it’s noteworthy that leading crypto exchanges’ listings fuel a bullish momentum for an asset’s price. CoinGape media reported Simon’s Cat (CAT) price to have shot up nearly 40% with its futures listing on Binance recently. Notably, the cat-themed token extended gains to nearly 77% to date after the perpetual listing. This chronicle has further hinted that SAFE price could see further gains ahead.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Token Presale Goes Viral After Dogecoin Millionaire Recommended It for 2000x Gains in 5 Months
The crypto world is abuzz with a presale token promising massive returns. It has caught the attention of a prominent Dogecoin millionaire who is projecting massive gains within five months.
With the presale token already in its third presale stage and boasting impressive price increases, the millionaire’s endorsement has only added fuel to its momentum, making it one of the most talked-about projects in the space.
Dogecoin’s Position and ETF Expectations
Dogecoin (DOGE) has long been a favorite in the crypto space, largely due to its community support and high-profile endorsements, particularly from Elon Musk.
Recent speculations have added a new layer of excitement, with many predicting that the approval of a Dogecoin ETF could send its price soaring by as much as 440%, potentially reaching $0.7371. If the DOGE ETF captures even a fraction of Bitcoin’s ETF trading volume, the price of Dogecoin could rise significantly.
Bitcoin (BTC) saw explosive growth following its ETF approval, and many believe Dogecoin will follow a similar trajectory.
However, Ethereum’s weaker performance post-ETF approval has some investors cautious about overcommitting to the possibility of a DOGE ETF.
That said, DOGE remains the ninth-largest crypto asset by market cap, with a fiercely loyal community and a current price of $0.1402 after a 124% surge over the past twelve months.
For Dogecoin (DOGE) investors, an ETF could offer the catalyst they’ve been waiting for, potentially pushing DOGE above its previous all-time high.
Dogecoin Millionaire Recommends This Presale Token Despite DOGE ETF Hopes
Despite the optimistic outlook for Dogecoin, the buzz surrounding a new presale token dubbed RCO Finance (RCOF) has been impossible to ignore. That is why the Dogecoin millionaire has recommended it as an opportunity for exponential gains.
In its third presale stage, the RCOF token has surged by 337% to a price of $0.055882 from its initial offering, signaling immense growth potential. With the next presale stage set to push the price to $0.0777, it’s clear that the token’s upward trajectory is only beginning.
Investors are already eyeing the token’s expected listing price of between $0.4 and $0.6, representing a 672.20% increase through the remaining presale stages.
The presale gains have already been realized, and many believe this project could offer life-changing returns. Early investors stand to benefit immensely as the RCOF token enters its public listing, particularly as the RCO Finance platform goes live.
Given the current market environment and the expected listing price, RCOF could be one of the year’s best crypto investments, outpacing established assets like Dogecoin.
Why RCO Finance (RCOF) Could Surge 2,000x in Five Months
RCO Finance (RCOF) is not just another crypto token. It is the backbone of a highly-anticipated cutting-edge AI-powered decentralized trading platform called RCO Finance, which is expected to reshape how users interact with the financial markets.
The RCO Finance platform integrates AI-driven solutions to provide a no-code, fully automated trading experience that democratizes access to advanced financial tools. Users no longer rely on brokers or financial intermediaries to make informed investment decisions.
One of the standout features of the RCO Finance platform is its AI-powered Robo Advisor, which provides personalized investment strategies tailored to each user’s financial goals and risk tolerance.
In addition, the RCO Finance platform shall offer access to over 120,000 assets across various classes, including stocks, bonds, and cryptocurrencies, enabling users to build diversified portfolios easily. The platform will also feature innovative tokenization of real-world assets (RWAs), allowing users to invest in markets like real estate and commodities through fractional ownership.
With a smart contract audited by the renowned auditing for SolidProof, ensuring investor confidence, and advanced features like AI-driven market predictions and real-time portfolio adjustments, the RCO Finance platform is well-positioned for rapid growth.
As the platform scales, so will the demand for RCOF, pushing its price upward, potentially delivering massive returns of up to 2,000x in five months.
DOGE or RCOF: Which is the Best Investment Right Now?
While Dogecoin’s potential ETF approval holds promise for a price explosion, many analysts believe that RCO Finance (RCOF) presents an even more compelling opportunity for investors. The RCOF token offers various use cases within its ecosystem, from access to premium AI-driven tools to staking for passive income.
The RCO Finance platform’s innovative features, including tokenized real-world assets and advanced trading capabilities, give RCOF utility far beyond the hype of a meme coin like Dogecoin.
Additionally, the current interest surrounding AI-based projects suggests that RCO Finance could grow tremendously as AI revolutionizes industries.
The RCOF tokenomics further strengthens the case for long-term value, with 50% of tokens allocated for public sale and 12% locked in liquidity for three years. This design ensures stability and prevents market manipulation, giving investors confidence in the token’s future.
When comparing Dogecoin and RCOF as investment opportunities, RCOF stands out for its robust ecosystem and diverse use cases. While DOGE has enjoyed mainstream attention and could benefit from an ETF, RCOF’s innovative platform and solid tokenomics make it a far more attractive option for investors seeking substantial gains.
For those looking to capitalize on the next big thing in crypto, RCO Finance (RCOF) is the best bet.
For more information about the RCO Finance Presale:
Join The RCO Finance Community
Altcoin
Ethereum Whale Dumping Continues, ETH/BTC Pair Hits Three Year Low
While most of the altcoins have been trying a push upside, the Ethereum (ETH) price has continued to move sideways flirting around $2,550 levels. The ETH/BTC pair has also been heading lower hitting the lowest levels since 2021. On the other hand, the Ethereum whale dumping continues to persist with veteran participants of the ecosystem offloading their stake.
Ethereum Whale Dumping Has Continued Further
After nearly four months of inactivity, an Ethereum ICO participant deposited a staggering 3,000 ETH, worth $7.63 million, to crypto exchange Kraken, as per the data shared by Spot on Chain.
The participant originally received 254,908 ETH at the Genesis block in July 2015 valued at just $79,000 at that time. The Ethereum whale had acquired the ETH coins at the ICO price of approximately $0.31 per ETH. Currently, this whale holds a total of 37,070 ETH, worth around $94.3 million.
An #Ethereum ICO participant just returned after 4 months of silence and deposited 3,000 $ETH ($7.63M) to #Kraken 23 minutes ago.
Currently, this whale holds 37,070 $ETH ($94.3M). The whale used to receive 254,908 $ETH (then $79K, now $648M) at the Genesis block in July 2015, at… pic.twitter.com/uU5u8Ro8w3
— Spot On Chain (@spotonchain) October 24, 2024
The recent whale dumping comes despite Ethereum co-founder Vitalik Buterin sharing key updates taking place within the Ethereum ecosystem to boost the transaction speed and reduce gas fees. A day before, he also shared how ‘The Verge’ upgrade will reduce the hardware requirements while making node operations accessible to every device. But despite this, the Ethereum price has failed to react positively. In its latest report, 10x Research noted:
“A series of overly academic articles from Ethereum founder Vitalik Buterin, combined with declining revenues, has contributed to Ether’s price correction amid resurfacing macroeconomic challenges”.
ETH/BTC Pair Takes A Dive
Technical charts show that Ethereum continues to lose ground against its rival Bitcoin showing the lack of demand for the world’s largest altcoin. Crypto analyst Benjamin Cowen has pointed out that the ETH/BTC pair has recently breached its previous low. He noted that if the support level at 0.038 does not hold, the next target could be around 0.036.
Cowen believes that the low for this cycle will happen by the end of the year, or at the most by the second week of January. As of press time, the Ethereum price is trading 1.96% down at $2,527.11, with a market cap of $304 billion amid the Ethereum whale activity.
Looking back to 2016, ETH experienced notable declines in April, August, and December. In a similar vein, ETH has faced significant drops in April and August of 2024, leading Cowen to believe that there’s a reasonable chance of another drop occurring before the end of the year, with the low potentially materializing in December.
Also, the demand for spot Ethereum ETFs continues to remain subdued as of now unlike strong inflows in Bitcoin ETF.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Altcoin
Solana Overtakes Ethereum In Daily Fees, Thanks to AI Meme Coin Craze
Ethereum Layer-1 competitor Solana (SOL) is making waves with a rapid surge of daily revenue on the platform. As a result, the SOL price has shot up 5.62% as of press time moving all the way to $174 and a market cap of $82 billion. Furthermore, the SOL blockchain is also emerging as the preferred destination for the launch of AI meme coins.
Solana Topples Ethereum in Daily Fees
As per the latest data from IntoTheBlock, the daily fees on the Solana network have crossed $4.1 million while surpassing the Ethereum daily fees as of now.
The major reason behind this massive surge in network fees has been the frenzy surrounding AI meme coins on the Solana blockchain. One of the biggest contributors currently is the Goatseus Maximus (GOAT) token which has surged over 40% hitting its all-time high levels of $0.7009 and its market cap surging past $700 million.
The GOAT meme coin has achieved this massive milestone within just two weeks of launch after being promoted by the AI bot ‘Truth Terminals’. An anonymous developer created the GOAT token on October 10 on the Pump.Fun platform. In a report on Wednesday, DeFi analyst at K33 Research, David Zimmerman wrote:
“A whole narrative was born from the intersection of AI, memecoins, and crypto. AI memecoins have gained massive attention over the last two weeks, with many tokens reaching over $100 million market cap.”
SOL Price Rally to All-Time High
The Solana price has caught good momentum recently outperforming some of the top cryptocurrencies like BTC, ETH, and others. On the monthly chart, the SOL price has gained a staggering 18% with bulls eyeing a further push to its all-time high levels. Some market analysts believe that the SOL price could be on a path to a parabolic rally to $2,000.
$SOL – I don’t know where you draw the trend lines but overly it looks bullish. If you can ignore some candles it definitely has a breakout structure. OBV still lagging a bit. pic.twitter.com/E32xoNiIS7
— IncomeSharks (@IncomeSharks) October 23, 2024
As per the Coinglass data, the open interest in Solana has shot by 13.7% moving past $3.4 billion. Also, the derivatives trading volume is up by 25% in the last 24 hours to $9.54 billion.
Open interest refers to the unsettled futures bet for the digital asset. It helps to gauge whether new money is entering into the market. Thus, with on-chain metrics showing positive developments, the SOL price rally can continue further ahead.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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