Major Altcoin Season Coming Soon for THESE Alts!
Summary
TLDRIn this crypto news update, Bitcoin's price surges past $65,000, hinting at a possible rally towards $70,000. Factors like Fed rate cuts and liquidity injections are discussed as potential catalysts. Meanwhile, Stacks Layer Two sees significant growth with an all-time high in smart contract deployments and an upcoming Nakamoto upgrade. The AI cryptocurrency FET shows strong market sentiment with most holders in profit, hinting at bullish momentum. However, the Hamster Combat token launch faces backlash and a 50% value drop due to user dissatisfaction and technical issues.
Takeaways
- 🚀 Bitcoin has surpassed $65,000, sparking optimism for a potential rally towards $70,000.
- 📈 Factors influencing Bitcoin's rise include potential interest rate cuts by the Federal Reserve, which could drive risk-on sentiment.
- 📉 Long-term Bitcoin holders are selling at peak prices, which could impact market stability and lead to price correction.
- 📊 Bitcoin's price often performs well in the fourth quarter, historically benefiting from increased liquidity.
- 📈 The liveliness indicator shows long-term holder activity, with an uptick suggesting increased selling pressure.
- 💹 STX token value is rising as the community anticipates the Nakamoto upgrade, set to activate on October 9th.
- 🌐 Stacks has seen a record number of smart contract deployments and a 70% increase in TVL.
- 💡 Fet (FET) is leading the AI cryptocurrency sector with the largest market cap and strong holder confidence.
- 🎉 Rootstock is running a world tour campaign with $33,000 in prizes and NFTs, ending on September 30th.
- 📉 The Hamster Combat token launch faced backlash and a 50% drop in value within 24 hours due to user dissatisfaction and technical issues.
Q & A
What is the special offer for an altcoin Buzz Alpha subscription in October?
-Get a 12-month altcoin Buzz Alpha subscription for only $100, which is a massive 40% discount by paying with crypto. No wallet connection or KYC is required.
What does an altcoin Buzz Alpha subscription include?
-An altcoin Buzz Alpha subscription includes over 70 calls per month, including gems, buy/sell calls, alpha and alerts, portfolio updates, strategies, IDOs, airdrops, and Q&As.
What is the potential impact of the Federal Reserve's interest rate cuts on Bitcoin's price?
-The Federal Reserve's potential interest rate cuts could drive a risk-on sentiment across financial markets, leading investors to move capital from lower-yielding assets to riskier assets like cryptocurrencies, potentially pushing Bitcoin's price higher.
What is the liveliness indicator and how does it relate to Bitcoin's price?
-The liveliness indicator tracks long-term holder activity in Bitcoin. It shows an uptick when long-term holders start to sell, which can lead to price correction and increased volatility.
What is the bullish symmetrical triangle pattern and what does it suggest for Bitcoin's price?
-The bullish symmetrical triangle pattern is a technical analysis chart pattern suggesting that Bitcoin could rise by as much as 35% with a potential target of $81,550. However, a more realistic outlook places the next target at $70,000.
What is the significance of the upcoming Nakamoto release for the STX token?
-The Nakamoto release is expected to improve decentralized finance on Bitcoin by speeding up transactions and introducing a new Bitcoin Peg token, sBTC. This update is anticipated to increase user interest in Stacks.
How has the Stacks Foundation's announcement impacted the number of smart contracts deployed on Stacks?
-Following the announcement of the Nakamoto upgrade, the number of smart contracts deployed on Stacks reached an all-time high of 1,400 in August, representing a 30% month-over-month increase.
What is the current market cap of FET compared to other AI-related cryptocurrencies?
-FET holds the largest market cap among AI-related coins at $4.22 billion, with BITTENS closely following behind at $4.19 billion.
What is the potential bullish case for FET based on the current market sentiment?
-Around 75% of all FET addresses are in profit, suggesting strong market sentiment and potential for further upward momentum. Historically, similar proportions have led to explosive price surges for FET.
What is the Rootstock World Tour campaign and what are the rewards?
-The Rootstock World Tour campaign involves visiting 12 Rootstock partners for a chance to win $33,000 in prizes and NFTs. Participants can earn Rootstock NFTs and air miles or points, with more points increasing the chances of winning.
What issues did the Hamster Combat token launch face, and what was the community's reaction?
-The Hamster Combat token launch faced significant challenges including a 50% drop in value within 24 hours, user backlash due to dissatisfaction with rewards and token value, and technical issues with accessing tokens. The community accused the project of unfair distribution and called for a boycott.
Outlines
📈 Bitcoin Layer Two Stacks and Crypto Market Trends
The video opens with updates on Bitcoin's Layer Two Stacks, suggesting that a major event could fuel a significant rally. A new token, 'Hamster Combat,' faces backlash despite its launch. Cody, the host, introduces himself and encourages viewers to follow Altcoin Buzz on social media, highlighting that none of the content is financial advice. He promotes a limited-time offer on a 12-month Altcoin Buzz Alpha subscription for $100, which includes a range of services like buy/sell calls, portfolio updates, IDOs, and more. Cody emphasizes the unique benefits of paying with crypto during this promotional period, urging users to act quickly.
🚀 Bitcoin Breaks $65K, Eyes $70K – Key Factors at Play
Bitcoin recently surpassed the $65,000 mark, sparking optimism about reaching $70,000, a level unseen for three months. However, this surge isn't just driven by sentiment—factors like Federal Reserve interest rate cuts could further impact Bitcoin’s rally. Lower interest rates often shift investments from fixed income to riskier assets like cryptocurrencies. Bitcoin’s price has a strong correlation with global liquidity levels. However, long-term holders are beginning to sell as Bitcoin reaches this new high, as tracked by the Liveliness Indicator, which shows signs of a potential price correction. Despite this, Bitcoin broke out of a bullish symmetrical triangle, suggesting potential further gains up to $81,550.
🎮 Crypto Gaming Highlights and Stacks' Nakamoto Update
The recent Token 249 event in Singapore brought exciting developments in crypto gaming, including updates from major projects like Axie Infinity and Star Atlas. On the technology front, Stacks (STX), the Layer Two smart contract platform on Bitcoin, has seen a 30% rise in price, riding Bitcoin's recovery. Stacks is preparing for the Nakamoto update, scheduled for October 9th, which promises improvements in decentralized finance (DeFi) by introducing faster transactions and a new Bitcoin-pegged token (sBTC). This update is driving strong interest in Stacks, with record highs in smart contract deployments and a 70% increase in Stacks' total value locked (TVL) since mid-September.
🤖 Fetch.ai Leads the AI Crypto Sector Amidst Market Growth
Fetch.ai (FET) has solidified its dominance in the AI cryptocurrency space, holding the largest market cap among AI-related coins at $4.22 billion. With a large portion of FET holders in profit (75%), market sentiment remains positive. Historical trends show that when a high percentage of holders are in profit during an uptrend, it often signals a potential for explosive growth. FET is now eyeing resistance levels at $1.86 and $2.28, with potential further upward momentum if demand continues to grow. A breakthrough could drive FET to new all-time highs, signaling a strong bullish move in the market.
🌍 Rootstock World Tour and Hamster Combat Token Fallout
Rootstock, the largest Bitcoin Layer Two network, is promoting its World Tour campaign with 12 partners, offering $33,000 in prizes and NFTs. The campaign ends on September 30th, with various rewards for participants. Meanwhile, the Hamster Combat token launch faced significant backlash, with the token losing 50% of its value within 24 hours. Despite an initial user base of over 300 million, many players felt their rewards were too small, leading to frustration. The hashtag 'hamster scam' trended on social media, as users accused the project of unfair token distribution, damaging its reputation and threatening its future. The team plans to continue development, but trust within the community has been shaken.
Mindmap
Keywords
💡Bitcoin Layer Two Stacks
💡Hamster Combat
💡Altcoin Buzz Alpha
💡Cryptocurrency
💡Fed's Interest Rate Cuts
💡Long-Term Holders
💡STX Slayer 2
💡DeFi
💡FET
💡Rootstock
💡Hamster Tokens
Highlights
Bitcoin Layer Two Stacks jumps ahead of a key event potentially setting up for a massive run.
Hamster combat token launches to a sea of angry people, facing backlash that could end the game as it starts.
Altcoin Buzz offers a 12-month subscription for $100, a 40% discount when paid with crypto.
Bitcoin breached the $65,000 barrier, signaling investor confidence for an imminent rally.
Factors affecting Bitcoin's rise to $70,000 include Federal Reserve's potential interest rate cuts.
Long-term holders selling at peak prices could impact the market and lead to price correction.
Bitcoin's bullish symmetrical triangle pattern suggests a potential 35% rise.
Token 249 in Singapore and Mike forar covered crypto gaming, interviewing founders from various projects.
STX, the native token of Bitcoin Focus, rallies as the community prepares for the Nakamoto release.
The Nakamoto upgrade is expected to improve decentralized finance on Bitcoin.
Stacks Foundation announced a record high of smart contract deployments on Stacks.
FET is positioning itself as a front runner in the AI cryptocurrency sector with the largest market cap among AI-related coins.
FET's market cap is $4.22 billion, with a strong market sentiment and potential for further upward momentum.
RUD, the largest and longest-running Bitcoin layer 2, invites users to their world tour campaign with prizes and NFTs.
Hamster combat token debuts on exchanges but tumbles 50% in value within 24 hours due to user backlash.
Hamster combat's airdrop disappointed many players, leading to a sharp drop in token value.
Technical issues and allegations of unfair distribution have led to a community backlash against Hamster combat.
The immediate future of Hamster combat remains uncertain as it deals with the fallout from its token launch.
Transcripts
Bitcoin Layer Two Stacks jumps ahead of
this key event could fat be setting up
for a massive run and the hamster combat
token launches to a sea of angry people
that could end this game just as it's
getting started this is your combz
news hey what's up everyone my name is
Cody and if you're new here make sure to
like subscribe and turn on notifications
so one drop latest content follow us on
Twitter Kio is always not Financial
advice and wish the best of luck in your
crypto
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below Bitcoin breached the $65,000
barrier instilling confidence investors
that a rally may be imminent this move
has sparked optimism that Bitcoin could
soon push Beyond $70,000 a price last
seen nearly 3 months ago bitcoin's price
is known to perform well in the fourth
quarter however bitcoin's rally is still
dependent on more than just sentiment
and investor Behavior Matt Mana crypto
research strategist at 21 Co explained
what other factors could affect
bitcoin's rise to $70,000 he said one
key catalyst is the federal reserve's
potential interest rate cuts which would
likely drive a risk-on sentiment across
the financial markets as investors move
Capital out of lower yielding assets
like fixed income into riskier assets
such as equities and cryptocurrencies in
sege of high returns lower interest
rates also inject liquidity into the
market a factor that Bitcoin has
historically benefited from given its
strong correlation with the global M2
money supply as liquidity Rises we often
see an increase in Valu ation of risk
assets including Bitcoin but before
$70,000 as Bitcoin reaches 65,000 it
also hits a two-month High prompting
long-term holders to consider selling
historically long-term holders tend to
sell when prices Peak and their Su
pressure could significantly impact the
market the liveliness indicator which
tracks long-term holder activity is
showing an uptick this indicates that
long-term holders have started to
liquidate positions which could lead to
price correction the liveliness
indicator Rises as long-term holders
sell and decreases when they huddle
long-term holders are considered to be
the backbone of Bitcoin stability and if
they begin selling in large quantities
it could lead to an increase in
volatility Bitcoin has already broken
out of a bullish symmetrical triangle
pattern suggesting that the
cryptocurrency could Rise by as much as
35% with a potential Target of
81550 however a more realistic Outlook
places the next Target at $70,000 as
Bitcoin continues to gain
momentum this past week was token 249 in
Singapore and Mike forar their Channel
fungible games was there covering all
the latest in crypto gaming he was able
to interview Founders from axi Infinity
The Rona Network a star Atlas and many
more so check out that video link below
and make sure to subscribe to funable
games as we have a lot more great crypto
gaming content coming
soon stdx the native token of the
Bitcoin Focus STX Slayer 2 smart
contract platform is riding on bitcoin's
recovery up about 30% over the last 7
Days the STX price rallies as the
community prepares for the upcoming
update known as a Nakamoto release Which
is less than 15 days away the STA
Foundation officially announced that the
highly anticipated Nakamoto upgrade will
be activated on October 9th the upgrade
is expected Ed to improve decentralized
Finance on bitcoin by speeding up
transactions and introducing a new
Bitcoin Peg token sbtc among other
improvements in preparation for this
salon and abdos announc the integration
of a Bitcoin back to asset sbtc which
enables developers to incorporate sbtc
and decentralized applications on their
platforms these Integrations provide
Bitcoin holders with more opportunities
to use their assets Beyond just holding
or trading such as engaging
decentralized Finance or participating
in nft marketplaces all these
developments have increased user
interest in Stacks with a blockchain
smart contract deployment hitting record
highs in a September 7th Poston X the
stacks Foundation announced that the
number of smart contracts deployed on
Stacks reached an all-time high of1400
in August representing a 30%
month-over-month increase and according
to data from defi llama staxus tvl has
increased by 70% from 91 million on
September 18th to 112 million at the
time of
writing fet is positioning itself as a
front runner in the artificial
intelligence cryptocurrency sector with
several factors solidifying its
dominance at present fat holds the
largest market cap among AI related
coins sitting at $4.22 billion while bit
tenser follows closely behind with a
market cap of 4.19 billion fet's lead
becomes even more pronounced when
compared to the rest of the field
combined render World coin and aash
network don't even match fet's market
cap at present around 75% of all fat
addresses are in profit while about 21
half% of addresses are experiencing
losses in a small fraction at 3 and
half% are Break Even this distribution
suggests that the majority of f holders
are confident in the assets future
having already seen positive Returns on
their positions when a large portion of
holders are in profit it typically
signals strong Market sentiment and
potential for further upward momentum as
more investors are encouraged enter the
market historically a similar proportion
of addresses in profit during an uptrend
for fet led to an explosive price surge
where it skyrocketed by over 500% in
just one month this past performance
suggests that when so many holders
already in profit it creates conditions
right for Rapid price appreciation
particularly if demand continues to grow
if this uptrend holds fat could test key
resistance levels at $186 and $228 a
break above these levels would
strengthen the bullish case potentially
leading to further resistance points at
$2.70 and
$348 surpassing these could push vet
towards a new all-time high signaling a
strong bullish
move rud stock the largest and longest
running Bitcoin layer 2 invites you to
their world tour explore their Network
by joining their Galaxy rudock world
tour campaign this involves visiting 12
root stock Partners in their $33,000 in
prizes and nfts up for grabs the
campaign lasts until September 30th each
of their world tour destinations has a
quest and by completing quests along the
way they'll be rewarded with with a
rooto nft and air miles or points with
each point you can win $33,000 in rbtc
so come September 30th there will be a
raffle and more points means more
entries each partner will also do a
$3,000 giveaway for 10 lucky winners at
the campaign's end so check out
rootstock and the world tour campaign
with a link down
below the freshly minted hamster combat
token has made its debut on several top
tier exchanges only to Tumble 50% in
value within the last 24 hours the
highly anticipated token launch for
hamster combat a popular tap to earn
game on telegram has encountered
significant challenges and user backlash
on September 26 the project conducted
its long awaited airdrop of hamster
tokens but the event quickly turned sour
as many players expressed disappointment
with the rewards and the tokens value
plummeting on exchanges hamster combat
which had amassed over 300 million users
since its launch in March distributed
tokens to 131 million qualifying players
however numerous users took to social
media to voice their frustrations
describing their hamster Awards as dust
a term often used to denote trivial
amounts of cryptocurrency many complaint
that their allocations were worth less
than $10 despite months of active
gameplay and promotion of the project
the dissatisfaction was further
compounded by the tokens performance of
cryptocurrency exchanges upon listing
the price of hamster fell sharply losing
as much as 50% of its value within hours
of trading tactical issues also plagued
the launch with some users reporting
difficulties accessing their tokens due
the network overload the project warned
of overwhelming demand impacting users
ability to trade the coin which only
added to the growing frustration within
the community and as news of the
troubled launch spread the hashtag
hamsters scam began trending on social
media platforms users accused the
project of unfairly disqualifying a
large portion of participants from
receiving tokens while allegedly
favoring influencers and Youtubers with
larger allocations these claims of
inequitable distribution further roted
trust in the project the backlash has
prompted calls within the community to
boycot hamster comment social media
accounts and block its bot this negative
sentiment threatens to overshadow the
game's previous success and raises
question about its future viability
these issues highlight the broader
technical challenges facing blockchain
projects as they attempt to scale and
manage sudden influxes of user Activity
The Hamster combat team has stated that
15 billion hamster tokens have been
reserved for the game second season
indicating plans to continue development
and potentially address user concerns
however the immediate future of the
project remains uncertain as it grapples
with the Fallout from its troubled token
launch and shash the founder altcoin
buzz wrot on x hamster combat with
distraction and actual number of users
had the potential to have a face melting
launch but no one will care for a
project that's not fair to its own
community and gives them to their greed
in that of centralized exchanges what
could have been the axi of 2024 is now a
dud
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