Bitcoin could break to $70K

Bitcoin could break to $70K

Hot projects + Market overview

I. Mainstream exchange news

  • WOO Innovation Hub has partnered with Almanak, an AI-driven platform, to enhance AI optimization in DeFi.
  • Binance will end pre-market trading for Scroll (SCR) on October 21 and launch spot trading pairs on October 22.
  • Bitget has introduced the DBR/USDT perpetual contracts with up to 20x leverage.
  • Kraken has launched kBTC, a new wrapped Bitcoin product. It's an ERC-20 token that's directly backed 1:1 by Bitcoin, fully managed by Kraken, and allows for cross-network compatibility.
  • HTX has listed the WAP (Wet Ass Pussy) token.
  • Bitget Wallet has partnered with 1inch, a decentralized transaction protocol, to expand wallet connectivity and decentralized exchange (DEX) aggregation functions.
  • Coinbase International has launched the BIGTIME perpetual contract.
  • South Korean cryptocurrency exchange Upbit has listed Injective (INJ) on its KRW and USDT markets.

II. Mainstream projects and trending events

  • Uniswap has integrated World Chain, the newly rebranded and launched Ethereum second-layer blockchain mainnet from Worldcoin, now known as World Network.
  • Jupiter, a decentralized exchange aggregator built on the Solana blockchain, has released Ape Pro, a new launchpad exclusively for Solana memecoin. 
  • Animoca Brands is planning to acquire more WATCoins from the public market.
  • Wintermute, a leading crypto market maker, has become the third-largest GOAT holder, with a 1% stake in the total supply.
  • The Solv Protocol has launched SolvBTC.JUP on the BNB Chain, offering an 8% annual yield denominated in Bitcoin.
  • Polymarket, a decentralized prediction market platform, has shown a 61.7% chance of Donald Trump winning the US presidency.

III. Funding news

  • Drop Protocol, a decentralized platform designed to streamline asset tokenization, has completed a $4 million seed round led by CoinFund.
  • zkPass, a privacy-preserving protocol, has raised $12.5 million in its Series A, participated by dao5, Animoca Brands, and Flow Traders, bringing its valuation to $100 million.
  • Bitcoin’s Surge layer raised $1.8 million in a pre-seed round led by Autonomy.

IV. Regulatory news

  • Qiu Dagen, a Hong Kong Legislative Council member, stated that the Hong Kong government is planning to launch consultations on regulating over-the-counter (OTC) virtual asset trading services.

V. Popular projects 

Market overview

BTC is currently holding above $67,000. As long as it doesn't drop below $66,000, the potential for a breakout remains. Surpassing $69,000 could swiftly push its value over $70,000.

If BTC experiences a pullback, the key support level to watch is around $64,500.

WYAC is up 90% in a day

The price of WYAC, a memecoin known as "Woman Yelling At Cat," has surged 90% in the last 24 hours.

The WYAC token features a meme that originated from a TV capture of a woman yelling at a cat five years ago.

It has reached $1 million in on-chain liquidity and a market cap of $33.61 million.

DIA is up 39% in a day

DIA, a Web3 cross-chain, open-source data, and oracle platform, has seen its token rise by 39% in the last 24 hours.

The platform facilitates the acquisition, verification, and sharing of transparent and verified data feeds for traditional and digital financial applications. The surge in DIA's price followed its perpetual contract listing on Binance on October 2.

DIA has reached a 24-hour trading volume of $255 million and a market cap of $120 million.

MANEKI is up 17% in a day

The price of MANEKI, a Solana memecoin launched on April 22 that once surged over 300x in one day, has surged 17% in the last 24 hours. 

Featuring the iconic Maneki-Neko, or "Lucky Cat," the token has undergone continuous adjustments over four months. 

The MANEKI token's trading volume hit $18.17 million in the past 24 hours, with a market cap of $68.79 million. 

MOODENG is up 14% in a day

MOODENG, inspired by the Thai pygmy hippopotamus "Moo Deng," known for its cute, wide-mouthed expression, has surged 14% in the last 24 hours.

This character quickly gained popularity in global meme communities and was even featured in Time Magazine.

The MOODENG token's on-chain liquidity stands at $2.9 million, with a market cap of $92.16 million.

On-chain daily

1. BOWSER: BOWSER is a memecoin on World Chain, featuring the dog of OpenAI.- Current Price: $0.056882- Historical High: $0.05715- 24-Hour Increase: 90,802%- Market Cap: $2.8M- Official Twitter: https://x.com/Bowser_WC

2. Pumpe: Pumpe is a memecoin on Solana, inspired by the PEPE meme.- Current Price: $0.04260- Historical High: $0.04645- 6-Hour Increase: 88.55%- Market Cap: $42.6M- Official Twitter: https://x.com/PUMPE_OFFICIAL

3. ROKO: ROKO is a Solana-based memecoin, featuring AI-powered token creation and is modeled after GOAT.

- Current Price: $0.001884

- Historical High: $0.094907

- 24-Hour Increase: 3,071%

- Market Cap: $1.8M

- Official Twitter: https://x.com/ROKO__SOL

4. BOG: BOG is an Ethereum-based memecoin, featuring the first frog character created by Matt Furie in 2004.- Current Price: $0.072568- Historical High: $0.073140- 24-Hour Increase: 209%- Market Cap: $10.8M- Official Twitter: https://x.com/bogtokenerc

5. SIGMA: SIGMA is a Solana-based memecoin, featuring subtle facial expressions and based on the Sigma male meme, representing highly disciplined and self-reliant individuals.- Current Price: $0.07562- Historical High: $0.3803- 24-Hour Increase: 23%- Market Cap: $312.6M- Official Twitter: https://x.com/sigmaonsol69

6. BITCOIN: BITCOIN is an Ethereum-based memecoin, featuring the concept of satirizing multifaceted meme projects.- Current Price: $0.3123- Historical High: $0.3802- 24-Hour Increase: 23.7%- Market Cap: $312.2M- Official Twitter: https://x.com/RealHPOS10I

Bitcoin Ecosystem Overview

BTC Mainnet Gas Fee Update:

  • Current BTC transaction fee: 2 satoshis/byte. 
  • Gas fees saw a general decline in his morning.

Fractal Bitcoin Gas Fee Update:

  • Transaction fee: 79 satoshis/byte. 
  • Fee performance has shown a rebound compared to the previous day, though gas fees have remained low recently.

Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

ORDI:Price: $35.6824-hour change: -3.70%Market Cap: $749.15M

DOG:Price: $0.005524-hour change: +0.18%Market Cap: $556M

FB:Price: $6.4624-hour change: +5.29%Market Cap: $25.32M

Today's Popular Projects:

BankBTC:Type: Fractal Bitcoin InscriptionMarket Cap: $197.36K24-hour Volume: $120.88K24-hour Change: +57.43%Number of Addresses: 57

sats:Type: InscriptionMarket Cap: $634.85M24-hour Volume: $5.53K24-hour Change: +9.61%Number of Addresses: 54,139

UNISAT•PIZZA:Type: RuneMarket Cap: $445.82K24-hour Volume: $401.23K24-hour Change: +998.5%Number of Addresses: 3,743

Performances of today's top three tracks

MEME: Overall daily sector change +3.5%

  1. FIGHT: FIGHT is a Solana-based memecoin inspired by former President Trump's statement to "Fight Fight Fight" after surviving an assassination attempt during his last speech.
  • Daily Increase: 25%
  • Current Price: $0.0134
  • Current Market Cap: $13M
  • 24-Hour Trading Volume: $9.8M
  • Recent News: Null

  1. BITCOIN: BITCOIN is an Ethereum-based memecoin, formally named HarryPotterObamaSonic10Inu, and is a classic cult memecoin.
  • Daily Increase: 22%
  • Current Price: $0.315
  • Current Market Cap: $315M
  • 24-Hour Trading Volume: $14M
  • Recent News: Null
  1. MOODENG: MOODENG is a Solana-based memecoin featuring the concept of a cute Thai hippo.
  • Daily Increase: 20%
  • Current Price: $0.0973
  • Current Market Cap: $97M
  • 24-Hour Trading Volume: $98M
  • Recent News: Null

Payment: Overall daily sector change +0.5%

  1. MATH: MATH is a universal crypto wallet supporting multi-chain tokens and dApps.
  • Daily Increase: 8.7%
  • Current Price: $0.408
  • Current Market Cap: $81M
  • 24-Hour Trading Volume: $4.4M
  • Recent News: DeepBook Protocol is now available on MathWallet

  1. KASTA: KASTA is a cryptocurrency payment application that enables users to quickly and easily send, receive, and trade cryptocurrencies.
  • Daily Increase: 7.3%
  • Current Price: $0.0148
  • Current Market Cap: $9.88M
  • 24-Hour Trading Volume: $210K
  • Recent News: Null

  1. LTC: LTC is an older Bitcoin derivative and a P2P cryptocurrency used for online payments.
  • Daily Increase: 4%
  • Current Price: $73.2
  • Current Market Cap: $5.5M
  • 24-Hour Trading Volume: $538M
  • Recent News: Null

Layer 2: Overall daily sector change +0.4%

  1. DYM: Dymension is a modular blockchain network known as RollApps, designed to be easy to deploy and extremely fast. It follows a "modular" blockchain paradigm, dividing tasks into multiple layers.
  • Daily Increase: 10%
  • Current Price: $1.8
  • Current Market Cap: $385M
  • 24-Hour Trading Volume: $31M
  • Recent News: Launch of 3D Playground testnet.

  1. TIA: Celestia (TIA) is an innovative open-source blockchain platform established in 2020, led by Zara Rutherford. It follows a modular approach, separating consensus and data availability from execution.
  • Daily Increase: 5.6%
  • Current Price: $6.19
  • Current Market Cap: $1.35B
  • 24-Hour Trading Volume: $245M
  • Recent News: Celestia Core Devs Call held on October 16.

  1. STX: STX is a Bitcoin Layer 2 solution, bringing smart contract functionality to Bitcoin without modifying the original Bitcoin blockchain.
  • Daily Increase: 4.5%
  • Current Price: $1.91
  • Current Market Cap: $2.86B
  • 24-Hour Trading Volume: $172M
  • Recent News: Launch of an NFT giveaway event.

Disclaimer

The development and market cap of stablecoins mentioned in the above content is speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.

Please note that this article includes references to third-party websites and dataduring provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.

Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.

We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

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