Ideal Crypto to Purchase Now October 16 – Bitcoin SV, Render, Bitcoin Money
Bitcoin costs like a flash spiked on Monday morning after a fraudulent legend circulated on social media that the U.S. Securities and Alternate Price (SEC) had licensed a blueprint bitcoin change-traded fund (ETF).
The unsubstantiated claim was as soon as posted on the Twitter memoir of Cointelegraph ahead of being edited and deleted quickly after 10 a.m. ET. Given the unexpected upward push in cryptocurrency market volatility this day, what’s the accurate crypto to aquire now?
Bitcoin costs surged over $2,000 within half-hour after the fallacious tweet, rising from spherical $27,883 to over $30,000 accurate via purchasing and selling platforms.
The volatility resulted in over $100 million in liquidations accurate via the crypto derivatives market within an hour, at the side of $73 million in short positions and $32 million in prolonged positions.
BlackRock confirmed that the SEC has no longer but licensed such a product. Additionally, sources finish to the SEC verified that the Cointelegraph legend was as soon as fraudulent.
The fraudulent tweet from the Cointelegraph memoir was as soon as later edited and within the slay deleted. The Bitcoin tag therefore retreated from its transient highs, purchasing and selling at $28,500 as of writing.
Despite the cryptocurrency market volatility prompted by improper data on a Bitcoin ETF approval, Bitcoin SV, Bitcoin Minetrix, Render, TG.Casino, and Bitcoin Money proceed to present a compelling case because the accurate crypto to aquire now, attributable to their solid fundamentals and/or promising technical outlooks.
Bitcoin SV (BSV) Battles Instantaneous Resistance: Can It Shatter Thru?
The October trajectory of Bitcoin SV (BSV) has been a anxious tug-of-battle between bulls and bears because the cryptocurrency retraced key EMA stages after meeting resistance at spherical the Fib 0.5 stage of $39.89.
At the present time’s surge in market announce noticed the BSV tag all over again knocking at the door of its instantaneous resistance zone. Nonetheless, the selling stress maintains a ambitious barrier. With the BSV tag peaceable purchasing and selling significantly bigger to this level this day, can the BSV tag triumph over this resistance stage within the upcoming days?
The BSV tag currently sits at $38.97, marking a strong 14.92% uptick to this level this day. The 20-day EMA for the BSV tag currently stands at $34.33, modestly above the 50-day EMA of $33.47 and the 100-day EMA of $33.67.
When the shorter-time period EMA crosses above the longer-time period EMAs, it is most ceaselessly viewed as a bullish signal. Nonetheless, the BSV tag’s proximity to these EMAs implies a volatile market atmosphere, and traders ought to announce caution in interpreting these indicators.
The RSI for BSV is currently at 67.39, up from the day gone by’s 51.54. This soar in direction of overbought territory (an RSI above 70) signifies a potential overheating within the market. Nonetheless, the most up-to-date stage is no longer but at the grievous, suggesting that the BSV tag peaceable has room for extra boost ahead of a cooling period is obligatory.
The MACD histogram stands at 0.08, a huge amplify from the day gone by’s -0.23. This sure payment implies that the bullish momentum is gaining strength, which would perchance well extra propel the BSV tag.
A 15.20% soar in market cap to $748 million and an 802.00% spike within the 24-hour volume to $211.8 million signal increased investor ardour in BSV. This newfound enthusiasm can also unbiased present extra enhance for the BSV tag, however traders need to be attentive to the volatility that such rapid will improve in volume and market cap can bring.
The BSV tag currently faces a horizontal resistance zone between $38.60 and $40.71, which aligns with the Fib 0.5 stage of $39.89. Breaching this resistance would perchance well signify a persevered upward pattern.
Conversely, an instantaneous enhance zone lies between $33.95 and $36.11, which intersects with the 20-day EMA of $34.33 and the Fib 0.618 stage of $35.ninety nine. The BSV tag would seemingly earn some enhance in this blueprint if a pullback occurs.
The BSV tag trajectory remains uncertain, with technical indicators offering mixed signals. Whereas the increased RSI and MACD counsel the probability of extra boost, the proximity to key resistance stages would perchance well end result in a tug-of-battle between bullish and bearish traders.
Merchants ought to take into memoir these technical indicators alongside with overall market developments and their deepest threat tolerance ahead of making a probability. A violation of the $33.95 enhance or a step forward previous the $40.71 resistance would perchance well attach the subsequent pattern for the BSV tag.
Bitcoin Minetrix: Simplifying Bitcoin Cloud Mining for the Moderate Crypto Investor, Ideal Crypto to Purchase Now?
Bitcoin Minetrix seeks to disrupt cloud mining with its tokenized, trim contract-based machine. The platform gets rid of conventional requirements of dear mining instruments and technical abilities.
Users can stake tokens to acquire computerized cloud mining rewards, making crypto passive profits accessible to a broader cryptocurrency target market.
The presale for this one-of-a-kind Bitcoin cloud mining platform gives the probability for traders to invent the platform’s native token, BTCMTX, at a discount ahead of its legit launch. The presale has efficiently raised bigger than $1.59 million to this level.
Bitcoin Minetrix makes use of a stake-to-mine machine where customers stake BTCMTX tokens to acquire cloud mining credit ranking without desiring dear mining instruments. Orderly contracts retain an eye on the mining operations and rewards.
In step with crypto analyst Jacob Crypto Bury, Bitcoin Minetrix possesses fundamental boost potential at launch. He told his 22,800+ subscribers, “NEW 10X Skill Presale Bitcoin Minetrix MINES $BTC For YOU – Ideal Crypto to Purchase Now?“
Other crypto specialists are also optimistic about Bitcoin Minetrix. Michael Wrubel told his 310,000 subscribers he is “bullish on BTCMTX,” and Austin Hilton known because it a “hidden crypto gem.”
Conor Kenny, with 165,000 subscribers, says Bitcoin Minetrix’s simplicity makes it appealing. “NEW Altcoin Presale Bitcoin Minetrix MINES $BTC For YOU!!!” he titled a recent video.
The presale comes as Bitcoin makes an strive to earn its footing to invent upside momentum. Nonetheless, specialists predict the upcoming Bitcoin halving in April 2023 will launch a bull plod, benefitting platforms like Bitcoin Minetrix.
To aquire BTCMTX, traders need ETH, USDT, BNB, or a bank card. Those utilizing ETH can stake straight to acquire rewards of as a lot as 370% APY.
With its strong security, professional endorsement, and stake-to-mine mannequin, Bitcoin Minetrix intends to manufacture cloud mining a success and stable for the frequent investor, tapping into the surging ask for simplified crypto passive profits.
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RNDR Sign Prediction: Momentum Constructing Towards $2 Level
After two weeks of consolidation, Render (RNDR) has viewed a bounce from its Point of Address watch over (POC) at $1.729, a divulge that has given the RNDR tag an different to strive breaching the instantaneous resistance of the Fib 0.5 stage at $1.921.
RNDR’s most up-to-date intraday high has reached $1.984, and the most up-to-date purchasing and selling tag is $1.837, a 6.25% amplify to this level this day. This momentum has prompted speculation about whether RNDR will obtain the well-known $2 stage within the upcoming days.
The 20-day EMA for the RNDR tag at this time stands at $1.718, above the 50-day EMA of $1.652, which is a most ceaselessly bullish signal.
Nonetheless, the RNDR tag has to relieve momentum to verify this sure outlook. The 100-day EMA at $1.573 also serves as a huge enhance stage, strengthening the coin’s medium-time period uptrend.
The RSI has jumped from the day gone by’s 55.93 to a recent 65.09. Right here is an indication of rising making an strive to earn stress and means that the RNDR tag would perchance well proceed its upward trajectory within the finish to time period.
The MACD histogram is currently at -0.001, an enchancment from the day gone by’s -0.006. This narrowing unfavorable payment aspects to a potential bullish crossover, which all over again is most ceaselessly a definite signal for the RNDR tag.
The appealing 6.91% amplify in market cap to $684.3 million, alongside with the 360.01% surge in 24-hour purchasing and selling volume to $75.4 million, depicts a surge in investor ardour in RNDR. If this pattern persists, shall we gape extra upside within the RNDR tag.
RNDR is currently strong a horizontal resistance zone between $1.834 and $1.921, coinciding with the Fib 0.5 stage of $1.921. A a success breakout from this zone, alongside with surpassing the psychological $2 barrier, can also trigger a transfer in direction of the subsequent resistance zone between $2.128 and $2.245, corresponding with the Fib 0.382 stage of $2.164.
Conversely, the instantaneous enhance for RNDR lies at the fluctuate POC of $1.729, adopted by the 20-day EMA of $1.718. These stages need to be keenly watched as a destroy below them can also unbiased denote a shift in market sentiment.
With the RNDR tag showing indicators of strength, technical indicators counsel a that you may well take into consideration bullish pattern ahead. The rising RSI and bettering MACD payment enhance a definite outlook. Nonetheless, traders ought to retain a finish explore on the $1.921 resistance stage and the $2 psychological barrier.
A destroy above these stages would perchance well verify the subsequent bullish wave. In the meantime, the enhance at the POC and 20-day EMA ought to relieve to relieve the most up-to-date uptrend. Merchants are knowledgeable to acquire smartly-defined threat parameters while looking ahead to key technical confirmations.
TG.Casino’s $TGC Is the Ideal Crypto to Purchase Now for Crypto Gaming
Telegram’s 700 million customers can now access blockchain playing via a brand original platform known as TG.Casino.
Built-in straight into the popular messaging app, the crypto on line casino launched with the scheme of bringing Web3 gaming to the loads.
In step with records from Dune Analytics, crypto playing sites hosted nearly about 50,000 queer customers in mid-September, a 10x amplify since January.
Nonetheless, advanced wallet and change boundaries generally deter potential gamers. TG.Casino solves this by enabling Telegram customers to seamlessly access crypto video games without prior blockchain records.
The project has gained fundamental traction, elevating over $1.1 million in no longer as a lot as a month. Now, TG.Casino has applied its Ethereum-based $TGC token, offering 25% cashback on losses when twiddling with $TGC.
Early $TGC traders would perchance also obtain pleasure from staking rewards of as a lot as 456.78% APY. TG.Casino allocates platform profits to stakers and implements a buyback-and-burn mannequin, proven to be a success for crypto gaming tokens like Rollbit’s $RLB.
Crypto playing represents handiest a portion of the $263 billion world playing market, indicating mountainous room for platforms like TG.Casino to develop. With 80% of gameplay going down on mobile, TG.Casino’s Telegram integration and mobile optimization give it an edge.
Influencers like YouTube analyst Cilinix predict a handy e-book a rough-witted future for $TGC. Merchants appear to agree – TG.Casino’s presale has like a flash raised 20% of its $5 million scheme as of writing.
With projections indicating rapid boost ahead, crypto gaming would perchance well quickly changed into a multi-billion greenback market.
Can obtain to peaceable upstart TG.Casino reach the lofty $700 million market cap held by sector leader Rollbit, specialists announce $TGC would perchance well bring fundamental returns for early backers. For these seeking crypto projects with room to plod, $TGC can also unbiased relieve potential.
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Bitcoin Money (BCH) Surges 8.41%: A Promising Uptick in Trading Task
Fueled by an uptick in purchasing and selling announce, Bitcoin Money (BCH) has surged to retest its instantaneous resistance stage. This bullish momentum has transpired after a period of consolidation above the 100-day EMA and the Fib 0.5 stage of enhance at $209.5 for the previous week.
The most up-to-date BCH tag circulation, which has viewed an amplify of 8.41%, is indicative of heightened investor ardour and potentially a shift in market sentiment.
Inspecting the BCH tag via the lens of key technical indicators gives nuanced insights. The 20-day EMA currently stands at $221.5, a shrimp above the 50-day EMA at $217.7, and smartly above the 100-day EMA at $209.8. This alignment of the EMAs, namely with the 100-day EMA serving as enhance closing week, signals a bullish blueprint for the BCH tag.
The RSI for BCH has increased to 59.69 from the day gone by’s Forty five.75. This potential rising making an strive to earn stress and, although no longer within the overbought territory (an RSI above 70), this upward pattern within the RSI suggests a continuation of bullish sentiment.
The MACD histogram finds a tag of -1.3, bettering from the day gone by’s -2.6. This narrowing unfavorable payment signifies a potential shift in direction of bullish sentiment, although traders ought to stay cautious until a definitive bullish crossover occurs.
The BCH tag currently faces instantaneous resistance within the horizontal zone between $230 and $237.8, aligning with the Fib 0.382 stage at $237.7. At the present time’s purchasing and selling announce has viewed BCH tag making an strive to conquer this resistance.
If BCH can efficiently mount this stage, the subsequent fundamental resistance to accelerate making an strive is between $270.6 to $278, in confluence with the Fib 0.236 stage at $272.6.
On the flip side, instantaneous enhance is present within the horizontal zone between $205 and $215.8, which also aligns with the Fib 0.5 stage at $209.5.
This enhance stage served as a solid foundation for BCH’s tag at some level of the previous week’s consolidation, and it is anticipated to present abundant enhance ought to BCH’s tag face a downward correction.
The most up-to-date BCH tag circulation and the alignment of technical indicators counsel a bullish momentum. Nonetheless, traders ought to relieve a vigilant stance namely with the BCH tag currently making an strive out a huge resistance stage.
A a success breach of this resistance would perchance well stimulate extra bullish announce, while failure would perchance well gape the BCH tag retracing to its instantaneous enhance stage. Merchants are knowledgeable to connect acceptable stop losses and threat management recommendations in such volatile market stipulations.
Disclaimer: Crypto is a high-threat asset class. This text is supplied for informational applications and would no longer represent funding advice. You may perchance well lose your total capital.
