A raft of recent cryptocurrency news has sparked significant variations in the performance of different coins. Bitcoin, for instance, is testing the $62K level, and traders do not foresee the virtual currency achieving new highs until the 200-MA turns into a support. Additionally, Baby Doge Coin surged to its March highs, whereas Shiba Inu is speculated to skyrocket in price due to a possible SHIB ETF. The hashrate of Litecoin (LTC) also hit a fresh high, suggesting a potential boost in price. Meanwhile, MicroStrategy experienced a six-month surge as Bitcoin grapples with a crucial moving average.
On the other hand, some metaverse tokens, like a new Solana-based meme coin named PopCat, saw an incredible increase, achieving a new all-time high and raising questions about a potential $2 horizon. Developers are ranking the best new meme coins for purchase in October 2024, with Moo Deng (MOODENG) expected to maintain its price rally despite a 2,000% increase. In other news, AI coins are soaring as Nvidia's stock hits a six-week high, and it is projected that this upward trend in price will proceed.
Bitcoin rebounded to $66,000, a two-month high, but there are three signs suggesting that the Bitcoin price is not ready to hit a new all-time high. Binance Coin (BNB) and SHIB have been hitting new all-time highs regularly. Solana is also outperforming Bitcoin in the crypto rebound and hit an all-time high against Ether.
HIGH Coin News Analytics from Tue, 05 Mar 2024 08:00:00 GMT to Wed, 09 Oct 2024 19:31:31 GMT - Rating 0 - Innovation 0 - Information 0 - Rumor 0