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AVAX Price Shoots 10% As Avalanche Foundation Announces Token Repurchase from Luna

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2 hours ago

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The AVAX price has surged by a staggering 10% in the last few hours after the recent announcement by the Avalanche Foundation of a repurchase agreement with the Luna Foundation Guard (LFG) – the entity associated with Terra blockchain – to buy back all tokens sold back in 2022. This has pushed AVAX closer to $30 taking its market cap above $11.5 billion.

Avalanche Agreement With Luna Foundation

As per the latest announcement, the Avalanche Foundation has reached an agreement to repurchase all AVAX tokens sold to the Luna Foundation Guard (LFG) in April 2022. However, the deal is currently pending approval from the Bankruptcy court. The announcement has led to huge bullish momentum for the AVAX price as bulls rush to fill their bags beforehand.

Ahead of its bankruptcy back in the summer of 2022, LFG held a total of 1.97 million AVAX tokens worth a staggering $60 million. The Luna Foundation purchased AVAX as part of its reserves to boost the strength of its UST stablecoin.

This strategic decision from the Avalanche Foundation will prevent LFG from breaching the original agreement and restricting AVAX token usage. Besides, this move from Avalanche will protect the assets from the complexities of bankruptcy trustee liquidation. Earlier this year, LFG started moving its token following the Terraform Labs settlement with the US SEC.

Upon completion, the Avalanche Foundation will reclaim 1.97 million AVAX tokens, bolstering its capacity to foster growth and development within the Avalanche ecosystem.

AVAX Price Rally to Continue?

The repurchase of AVAX tokens has provided a major catalyst to the AVAX price bolstering confidence among investors. This massive purchase of 1.97 million tokens by Avalanche Foundation will significantly reduce the AVAX circulating supply thereby putting upward price pressure on the altcoin.

At press time, the Avalanche price is up 9.33% trading at $28.49. On the technical chart, the AVAX price is also forming a flawless breakout from the falling wedge pattern formation over the past few months.

Also, the Relative Strength Index (RSI) for AVAX stands at around 49.8 while the Moving Average Convergence Divergence (MACD) is positive at 0.19, signaling bullish momentum. Crypto analyst ‘Crypto Winkle’ hinted at further AVAX price surge if the bulls manage to break the crucial resistance past $30. Market analysts are already predicting the Avalanche price rally to $50.

Additionally, the Avalanche blockchain is turning out to be a preferred choice for traditional financial players to launch their products in the market. Earlier this week, Colombian neobank Littio shifted its base from the Ethereum to the Avalanche blockchain.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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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Dogecoin Analyst Says this $0.03 Altcoin is the ‘Next DOGE’ as it Prepares to Surge to the $0.75 Mark by Q1 2025

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9 hours ago

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October 11, 2024

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Dogecoin (DOGE) is gradually recovering from the start-of-October crypto market crash, which saw the altcoin sector shed significant value. Despite this bullish sign, investors are migrating to tokens that promise astronomical returns by Q1 2025. 

This explains why RCO Finance (RCOF), an upcoming presale altcoin, generates massive hype. Discover why Dogecoin (DOGE) analysts and investors are buzzing about RCO Finance (RCOF). 

Dogecoin Recovers Partially: Is An All-Out Resurgence Imminent?

The crypto market started October with bears on the front foot after Bitcoin (BTC) revisited the $60,000 range following a downward correction from its September high of $66,480. In quick succession, Dogecoin (DOGE) and the broader altcoin market plummeted sharply. 

Specifically, Dogecoin fell from its October 1 opening price of $0.1144 and traded as low as $0.1015 on October 3. In a positive turn, DOGE started climbing again after Bitcoin staged a partial recovery on October 4. By October 10, Dogecoin (DOGE) had stabilized at around $0.1077. This price means DOGE has plunged 5% so far. 

While experts believe DOGE will gain more adoption due to its position as a top meme coin, they do not expect this altcoin to surpass its ATH of $0.74 before the end of 2024. Experts peg this prediction on investors embracing tokens with real-life utility, unlike Dogecoin, created for fun. 

RCOF Steals The Show From Dogecoin: Huge Presale Gains Loading. 

The poor price action in Dogecoin has seen investors turn to RCOF to increase their profits. RCOF has stolen the limelight from DOGE because of its utility as RCO Finance’s base currency and governance token. Also, RCOF has a comparatively low supply cap of 800 million tokens, which primes it for value appreciation. 

This presale altcoin has also won over Dogecoin investors because it is a safe investment. 

SolidProof, a reputable blockchain security firm, audited RCOF’s smart contract, examining its code logic, security vulnerabilities, and adherence to industry standards. Amazingly, RCOF checked all the boxes. 

Additionally, investors are lining up to purchase RCOF because its presale has grown quickly. By October 10, RCOF was advancing with Stage 2 of its presale at $0.0344. This price is set to continue rising until this altcoin launches at $0.4-$0.6, generating massive ROIs for early investors. 

Astonishingly, experts foresee RCOF surpassing Dogecoin’s 12,800% surge in 2021 and climbing to $0.75 by Q1 2025. This growth potential makes RCOF a top investment choice ahead of the next bull run. 

RCO Finance Sents Shockwaves Across DeFi With Its RWA Tokenization Capabilities

As Dogecoin investors continue diversifying their portfolios, RCO Finance has emerged as their go-to investment platform. 

This is because RCO Finance boasts a robust offering of over 120,000 assets. These include crypto, decentralized derivatives, and tokenized real-world assets (RWAs) like art, real estate, and commodities. 

Altcoin investors are also flocking to RCO Finance to take advantage of the benefits of its leading feature, an AI-powered robo advisor. 

This revolutionary tool offers investors custom investment advice, enabling them to make the highest possible profits from market opportunities that match their financial objectives and risk tolerance. 

The robo advisor can also invest automatically on behalf of investors. This capability saves investors the trouble of constantly monitoring multiple markets searching for high-potential investments. Also, it enables investors to take emotions and guesswork and emotions out of the investment process. 

In addition, the robo advisor helps investors increase net returns by eliminating intermediaries who charge steeply for their services. 

The robo advisor’s low charges also set it apart from traditional financial investors, who charge exorbitantly for advice based on cognitive biases.

Embrace A New Era Of Investing With RCO Finance

RCO Finance has also wowed Dogecoin investors because it offers multiple earning opportunities. For instance, investors can earn passively by staking RCOF or lending their holdings. Also, RCO Finance offers RCOF HODLers tier-based dividends, increasing their net returns over time. 

Furthermore, RCO Finance issues non-KYC debit cards, simplifying the process of purchasing or buying crypto in the DeFi and real economies. 

Coupled with the non-KYC onboarding process, these debit cards help boost financial inclusion while democratizing access to RCO Finance’s professional investment management tools,

These innovative features explain why you should embrace this one-of-a-kind Ethereum altcoin presale and smoothen your investment journey. 

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

 



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X Empire (XEMP) Daily Combo Codes, Riddle & Rebus For Today October 11

Published

10 hours ago

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October 11, 2024

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The long-awaited launch of the Telegram-based Tap-to-Earn (T2E) game X Empire (XEMP) is almost here. Ahead of the token airdrop, here are the Daily combo codes, Riddle and Rebus, for October 11 to help users get a larger allocation for the XEMP airdrop.

Daily Combo Codes For X Empire (XEMP)

The daily combo for today’s Episode (63) is 83163. Investors can use this X Empire YouTube code to earn more rewards. Community members usually have to watch daily video episodes that are shared on YouTube to get these codes. Getting this code increases a user’s chance of boosting their in-game currency, especially with there being increasing expectations for the X Empire price.

To use these X Empire YouTube codes, players simply need to click on the “Quests” section on the game. Then, proceed to select the “Watch YouTube Video” option and input the code. Once done, players click the “Check” button to claim their rewards. Below is a list of codes from the previous episodes:

Episode 1: 45666
Episode 2: 65755
Episode 3: 97025
Episode 4: 77375
Episode 5: 36487
Episode 6: 57624
Episode 7: 37519
Episode 8: 35489
Episode 9: 28139
Episode 10: 28210
Episode 11: 29711
Episode 12: 30712
Episode 13: 32813
Episode 14: 37814
Episode 15: 39915
Episode 16: 33016
Episode 17: 34117
Episode 18: 35218
Episode 19: 36319
Episode 20: 36319
Episode 21: 37121
Episode 22: 37422
Episode 23: 38923
Episode 24: 39024
Episode 25: 34425
Episode 26: 39326
Episode 27: 35527
Episode 28: 75928
Episode 29: 34329
Episode 30: 64930
Episode 31: 61931
Episode 32: 12932
Episode 33: 86133
Episode 34: 48134
Episode 35: 15235
Episode 36: 93136
Episode 37: 72837
Episode 38: 22938
Episode 39: 44139
Episode 40: 65340
Episode 41: 10941
Episode 42: 83242
Episode 43: 87843
Episode 44: 62944
Episode 45: 23745
Episode 46: 83946
Episode 47: 24147
Episode 48: 26148
Episode 49: 52649
Episode 50: 89350
Episode 51: 37251
Episode 52: 61152
Episode 53: 19953
Episode 54: 10954
Episode 55: 71755
Episode 56: 81156
Episode 57: 49057
Episode 58: 88658
Episode 59: 01959
Episode 60: 88960
Episode 61: 52161
Episode 62: 98162
Bill Gates Episode: 2021
Satoshi Nakamoto Episode: 2021
Create AI avatar: 10
Steve Jobs Episode: 1989
Elon Musk Episode: 1
Vitalik Buterin Episode: 6
Pavel Durov Episode: 35
Donald Trump Episode: 2007
Jeff Bezos Episode: 0
Warren Buffet Episode: 1958
Sam Altman Episode: 2023
Mark Zuckerberg Episode: 2011
No number Episode: 3

Riddle And Rebus For Today

Meanwhile, players will need the answers to the daily riddles and rebus on the Telegram game to enjoy more rewards. X Empire players usually have to guess one riddle every day to earn more coins. Today’s riddle is:

The service of securely storing digital assets on behalf of individuals or institutions, often provided by specialized firms. What is it?

The answer to this riddle is ‘CUSTODY.’

On the other hand, the answer to the X Empire rebus of the day is ‘YIELD.’ With this, players have the required armour to earn more coins ahead of the airdrop. The Telegram-based has already announced that the airdrop will take place on October 24.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

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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Top Expert Predict Timeline for Solana to Surge 2x to 5x

Published

13 hours ago

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October 11, 2024

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Solana is primed for a breakout by having a narrow consolidation range, said market analyst Edward. Powered by such factors, the token price might witness a 2x to 5x growth by the end of 2025

Industry experts claimed that due to organic growth and one of the top positions in the DeFi ecosystem, the value of SOL can significantly grow. 

Solana Poised for Breakout, Expert Predicts 5x Price Surge.

Seasoned crypto traders forecast that the Solana price could surge from double the price to as much as five-fold. SOL holders keep their fingers crossed for a continuous bull run that might send the altcoin up to previously unreachable levels and push its price way over $150. Around 2025, the platform should play a bigger role and be more adopted inside the blockchain environment.

In an analysis on TradingView, Edward said that even though SOL was showing some uncertainty, a breakout from this range could be seen anytime soon, setting up the stage for its next major trend. At the time of writing, the SOL price has moved between $143.33 and $144.88, with a rise of 5.34%. Technical indicators and general market developments broadly enable this price behavior.

Solana growthSolana growth
Credit: TradingView

According to the analyst, SOL sideways movement has established a clear trading range, with the price repeatedly testing both support and resistance levels. Traders are now eyeing a potential breakout, either upward or downward. Edward highlights that SOL trades below the 34-period and 89-period exponential moving averages (EMAs), signaling a slightly bearish short-term momentum. However, if SOL breaks above these critical EMAs, a shift in market sentiment could occur.

Edward outlines two possible scenarios: A bullish breakout above $144.70 could propel SOL toward the next resistance at $150.54, while a bearish move below $143.33 may trigger a pullback to $137.25, forming a critical support zone to monitor. Traders closely watch these levels to determine the cryptocurrency’s next significant move.

Solana’s Future Hinges on US Election, Analyst Claims

Although technical factors paint a combination of possibilities for SOL, broader market action might determine how the SOL price moves. As such, Geoff Kendrick, a market analyst from Standard Chartered, thinks that the token could see significant gains, especially with upcoming political events in sight.

Kendrick believes that SOL could surge as high as 500% if Donald Trump wins the 2024 United States presidential election. In his estimation, crypto regulation will be less formidable under such an administration. Kendrick also mentions that an approval of a Solana spot ETF would add to the demand and force prices even higher within the SOL ecosystem.

According to crypto analyst MartyParty, potential growth is drawing comparisons to Ethereum’s previous performance. The analyst highlighted a fractal similarity between SOL projected trajectory for 2024 and Ethereum’s in 2020.

ETH/SOLETH/SOL
Credit: TradingView

MartyParty predicts that this pattern could substantially increase Solana’s value, estimating a 3.2x increase that could push the price to $600 during the next major market cycle.

Negative Sentiment to Fuel Solana’s Price Recovery, Says Sentiment

The truth is that the token price struggles in a consolidation phase as market sentiment turns cautious. Rising trading volume and Open Interest signal a potential shift in SOL trajectory.

The prevailing bearish bias on the broader market also contributes to the uncertainty surrounding Solana’s price. According to a market intelligence platform, Santiment, the price of SOL has been suffering, much like many leading cryptocurrencies, because of negative crowd sentiment.

Historically, assets that have experienced a downturn in sentiment usually recover afterward. According to Sentiments data, the token might not be an exception, as it had a weighted sentiment score of -0.400815, suggesting that a probable price recovery might be ahead.

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Teuta

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.

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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