🚀 Bitcoin Keeps Growing With Trump’s Odds

Let’s Dive Into It! 

Happy Monday dear subscribers! In today’s Newsletter, Bitcoins Keeps Pushing! 

In today’s bulletin, we are covering: 

Surfing the Market, with analysis about Big Caps Index and Mid Caps Index 

Don’t miss the News about Bitcoin ATH attempt and The MemeCoin story of the year 

0G Labs is under the spotlight. 

A short article on Why study Technical Analysis (TA)? 

This will be a key week for the Big Caps Index, approaching the key confluence of horizontal resistance with the main downtrend resistance. A breakout here would trigger a major bullish reversal: 

Meanwhile, the Mid Caps Index continues consolidating nicely after the double-bottom reversal on minor timeframes. The $4 is the key level to beat before the real test at $4,5. Great setup overall: 

Bitcoin Nears $70K Amid U.S. Election Anticipation and Trump’s Rising Odds 

Bitcoin is approaching the $70,000 mark as investors monitor the upcoming U.S. presidential election. 

The cryptocurrency hit a high of $69,450 early Monday before slightly retreating. Analysts highlight the election’s significance, with Donald Trump’s rising odds contributing to the price surge due to his positive stance on crypto. 

Bitcoin approaches $70,000, close to its all-time high of $73,700. 

Investors are closely watching the U.S. election, with Trump’s rising odds supporting Bitcoin’s increase. 

Trump’s pro-crypto stance, especially on NFTs, bitcoin mining, and DeFi, is a positive factor for the crypto market. 

A Republican win could enable crypto reform. 

The Fed’s potential rate cut may drive further Bitcoin momentum. 

Expectations of a 25 basis point interest rate cut from the Federal Reserve also provide optimism for Bitcoin’s further growth. 

Crypto Trader Turns $3K into $9M Amid Memecoin Frenzy 

A cryptocurrency trader made over $9 million by investing in the Solana-based memecoin Numogram (GNON), achieving a 3,000-fold return within three days. 

The token saw a 233% rise in a single day following its listing on the Moonshot platform, which caters to retail traders seeking speculative gains. 

Trader turned $3,000 into $9 million in three days by investing in GNON memecoin. 

GNON rose over 230% following its listing on the Moonshot platform. 

Memecoins are driven by speculation and social media, with little intrinsic utility. 

Memecoins reflect a disillusioned generation similar to the Punk music movement, criticizing the fiat financial system. 

The Solana memecoin craze may boost SOL’s price, with predictions up to $180. 

Despite the lack of fundamental value, memecoins continue to attract investors with their extreme volatility, fueled by social media hype and a broader sentiment of disillusionment among younger generations. 

0G Labs 

The Origins: 

0G Labs is a Modular AI Chain featuring a scalable programmable Data Availability (DA) layer tailored for AI dapps. 

Data availability ensures that all transaction data is accessible to nodes or validators, enabling them to independently verify transactions and update the blockchain without needing to trust each other. 

The Operative: 

The project is aimed at facilitating high-performance applications such as on-chain AI, gaming, and decentralized finance (DeFi) through an advanced data availability and decentralized storage system. 

In order to provide that it has three main characteristics at work: 

Modular Design: 0G Labs is building a data availability system that is modular. This system includes a general-purpose storage layer and a data publishing lane. Each part has a specific role, making the system more efficient. 

Scalability: By separating the storage and publishing of data, 0G Labs can handle more data without slowing down. This separation makes it easier for the system to grow and manage larger amounts of data. 

Focus on AI Applications: As the use of decentralized AI applications increases, the demand for robust data availability solutions grows. 0G Labs aims to meet this demand with its modular AI chain. This chain is designed to support AI decentralized applications (dapps) by providing a scalable and programmable data layer. 

Summary & Competitors 

0G has raised $35M in a funding round with Hack VC as lead investors and participation from Stanford Builders Fund, Delphi Digital and GSR, among several others. 

Modular blockchain developers are growing in popularity and the field of data availability providers has other projects that includes the likes of Celestia, EigenLayer, NEAR and Avail. 

Why study Technical Analysis (TA)? 

When one approaches the market, they find different ways to analyze investments and make decisions. One of these is Technical Analysis (TA), which is as criticized as it is praised in the market. Let’s explore why this happens and why it’s important to know how to use it.