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Bitcoin Analysis: BTC Sees a Good Start to October.
Bitcoin prices during the previous month defied all odds as it registered small increases. It kicked off trading at $25,927 but broke the $25k support. This sparked a lot of concern among traders as many predicted a drop to $23k. However, this never happened as it rebounded at $24,920.
It went as high as $27k as it broke the barrier to register a high of $27,486. It soon dropped to a close of $26,966 which signified an almost 4% increase. Many doubted the effect of fundamentals during this period. Nonetheless, the apex coin reacted positively to them.
With the new month in focus, bitcoin is off to a good start as the coin registered small changes in price already. Currently trading at $28k, it is up by almost 4% since the start of the month.
One of the biggest moves happened on the 1st as the asset opened trading at $26,965 and gradually advanced toward the $28k resistance and briefly broke it. However, it closed the day below the mark but gained more than 3%.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion# 📌Why has SOL gone up in recent days?
The price of the Solana token (SOL) has had a continuous rise since September 28, after having reached the minimum value of $18.72 until reaching the current $23.59, where the token has benefited from several factors.
We will start with the context of the "lowest price" that SOL has had in September, after perhaps one of the most "bearish" news these months due to a "bankrupt exchange" deciding to sell its holdings of SOL. This made many investors take a dim view of this decision, because they knew that a fall was coming.
After seeing the situation, the bankruptcy court at that time decided that the best way to sell these assets was through weekly sales through an investment advisor, so that it would not have much impact on the price, a fact that if was reflected in the price, given that it did not have a sharp drop as expected.
Another reason that explains the rise was greater activity on the network, which could be observed in different areas such as NFTs, DeFi, games and socialFi. Precisely the latter had a good performance because in each network a trend of buy shares of influencers from the "X" network.
Finally, all this also coincided with an update of the Solana network, offering greater efficiency, privacy and security, marking a strong advantage in its development.
What is the next step for the Solana network? Only time will tell, as more developers get involved in the blockchain network and it becomes one of the most used chains. The payment giant Visa has already given approval to the network, so I do not rule out that more companies decide to target Solana for its speed and low cost, as long as it does not suffer interruptions like before.
#ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #GateLive# #contentstar# #MyFancyCreator# #HotTopicDiscussion# #contentcreator##BountyCreator##Gate.ioDaily##ETH#Ethereum Price Analysis:
According to our current Ethereum price prediction, the value of Ethereum will increased by 211.40%, reaching $5,971.88 by end of 2025. All technical indicators indicate that the current sentiment is Bearish, while the Fear & Greed Index is reading 19.08, which means extreme fear. Our Ethereum forecast, it's risky to Sell Ethereum right now.
On October 6, 2023, almost all technical analysis indicators signalled bullish signals, while other indicators signalled bearish signals, indicating a general Bearish sentiment among Ethereum price predictions.
See the exact Ethereum price prediction below; you will know how much Ethereum is worth in the coming months and years.
Over the last 30 days, Ethereum has increased by 1.44%. Due to this, we can get except a slight recovery in the coming month.
By the end of October, the value of Ethereum increased by 110.45% and reached near around $3,478.27. Currently, all indicators are indicating Bearish zone, and the fear & greed index shows 19.08 extreme fears. According to our forecast, this is not the right time to Sell Ethereum.
Currently, Ethereum is trading below the 200 simple moving average. for the last 326 days, since December 31, 2023, SMA has shown a Ethereum Selling signal.
The price of Ethereum is currently running below the 50-day simple moving average (SMA) and it shows a Sell signal.
According to all technical indicators, the 200-day SMA will drop soon, and the price will hit $1,804.42 by the end of December. By December 2023, 2024, Ethereum's short-term 50-Day SMA shows a $1,643.29.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). RSI is currently at RSIValue. This indicates that the ETH market is in a NEUTRAL position.
#ContentStar##contentcreator##BountyCreator##Gate.ioDaily##ETH##HotTopicDiscussion# $OGN rises 15% as Tangem extends support to OriginProtocol
Gate.io News: $OGN, an Ethereum token used for staking, governance, advertising on the Origin platform, & powering the decentralized & P2P marketplaces, is up by 15% in the past 24hours, & now trades at $0.1346, with inflow of $6.40k, as per Gate.io chart.
This follows the big News that Tangem recently partnered with Origin, to enable its
hardware wallet supports all Origin Protocol tokens, while boosting users yield generation journey with $OUSD & $OETH stablecoins. 
