Why are Crypto Whales Buying this #13 Altcoin Right Now?

Summary

In this crypto market update, Bitcoin's price surges 8.5% to $64,000, with predictions of a 171% rally in Q4. Analysts compare current trends with previous bull runs. Sui, a layer one blockchain, sees a 10% jump, with its network activity and total value locked increasing significantly. The Defi sector shows signs of a comeback, and various crypto projects offer incentives like airdrops and giveaways to attract users.

Takeaways

• 📈 Sui has seen a significant price increase of 10%, indicating rising interest in Layer 1 blockchains.
• 🚀 There's a possibility of a 171% rally in Bitcoin's price during Q4, following the Fed's rate cut by 50 basis points.
• 🤑 Crypto analyst Ellie Martinez highlights Bitcoin's past performance surges during Q4 in 2016 and 2020.
• 💹 Bitcoin's on-chain metrics have shown improvements, with big players like MicroStrategy buying the dips.
• 📊 A 10x research report suggests a market structure improvement with increased stable coin minting and futures leverage.
• 💸 Bankrupt crypto exchange FTX is set to distribute $16 billion to creditors, potentially adding liquidity to Bitcoin and crypto markets.
• 🌐 Long-term Bitcoin holders have been aggressively buying, accumulating more Bitcoin than in any other period in the past 3 years.
• 📊 Aave's price surged 3% during a Sunday trading session, indicating a potential rally to $200 against a consolidating trend.
• 📈 Sui's network activity has been strong, with a total value locked of over $900 million, securing the 8th spot among blockchain networks.
• 🌐 Sui's unique horizontal scaling method and object-based storage model offer reduced latency and faster transaction speeds compared to Ethereum and Arbitrum.

Q & A

What is the recent percentage increase in the price of SUI?

The price of SUI has recently jumped by another 10%.

What is the potential rally percentage for Bitcoin in Q4?

Bitcoin could potentially rally by a staggering 171% in Q4.

What does the term 'layer one' refer to in the context of the script?

In the context of the script, 'layer one' refers to the base blockchain protocol, which is the network that directly supports smart contracts and decentralized applications.

What is the significance of the recent Bitcoin rally to $64,000?

The recent rally to $64,000 indicates a strong recovery and suggests that the crypto bulls have begun preparations for a potential surge in Bitcoin's value.

What historical Bitcoin performance is mentioned in the script?

The script mentions that during the fourth quarter of 2016, Bitcoin's price surged by 61%, and in the fourth quarter of 2020, it surged by more than 171%.

What is the current market condition for Bitcoin according to the script?

Bitcoin has been trading in a close reaccumulation range between $50,000 and $70,000.

What is the significance of the FTX bankruptcy distribution?

The bankruptcy distribution of $16 billion by FTX to creditors in stable coins is expected to add liquidity to the market, potentially leading to increased activity in Bitcoin and the broader crypto market.

What is the current status of the SUI network in terms of total value locked?

The SUI network has crossed more than $900 million in total value locked and secured the eighth spot among all other blockchain networks.

What unique approach does the SUI network use for scaling?

The SUI network uses a horizontal scaling method and an object-based storage model, which allows it to scale seamlessly and results in lower latency for decentralized apps and Layer 2 platforms.

What is the potential future price range for Bitcoin if it replicates its past performance?

If Bitcoin replicates its past performance, it could surge anywhere between $100,000 and $172,000 by the end of the year.

What is the significance of the recent increase in stable coin minting and rising Futures leverage?

The increase in stable coin minting and rising Futures leverage indicates an improved market structure and suggests that the likelihood of a Bitcoin price breakout has increased as we head into the fourth quarter.

Outlines

00:00

🚀 Crypto Market Updates and Bitcoin's Q4 Surge Potential

The video script discusses the recent 10% surge of Sui (SUI) and the growing interest in Layer 1 blockchains. It highlights the potential for Bitcoin to rally by 171% in Q4, following a 8.5% recovery to $64,000 after the Fed rate cut. The script mentions past Bitcoin performances in Q4 of 2016 and 2020, suggesting a possible surge to $100,000 to $172,000 by year-end. It also covers the bankruptcy of FTX and its plan to distribute $16 billion to creditors, which could boost Bitcoin and crypto markets. The script notes that long-term Bitcoin holders have been aggressively buying, and there's a significant breakout potential for SUI, which has shown a 123% growth since July 2024. The SUI network's performance, including its unique horizontal scaling method and object-based storage model, is compared to Ethereum and Arbitrum, positioning it as a strong contender in the DeFi resurgence.

05:01

🌐 Sui's Technological Advances and Upcoming Crypto Events

The script highlights Sui's technological improvements over existing Layer 1 solutions, including Solana, with promises of instant transaction finality and high transaction speeds. It suggests a potential price movement similar to Solana's in 2021. The video also promotes a world tour campaign by rudo, a Layer 2 Bitcoin network, offering prizes and NFTs. Fusionist, a game universe with collectible planet NFTs, is introduced, with details on its game modes and an upcoming whitelist event for 6,000 planets. Lastly, the script discusses Hamster Combat's season 1 airdrop, distributing 60 billion tokens to qualified users, and the team's decision to reject venture capital offers, emphasizing community-driven value.

Keywords

💡Sui

Sui is a Layer 1 blockchain platform designed for high-performance decentralized applications. It is highlighted in the video script for its potential to become a dominant player in the blockchain space, similar to how Solana emerged in 2021. The script mentions that Sui has achieved significant technological improvements over existing Layer 1 solutions, promising instant transaction finality, reduced latency, and high transaction speeds. This is exemplified by the script's mention of Sui's ability to scale seamlessly and its unique approach to transaction processing, which positions it to outperform competitors like Ethereum and Arbitrum.

💡Bitcoin

Bitcoin is a decentralized digital currency, often referred to as the first and most well-known cryptocurrency. In the context of the video script, Bitcoin's recent price rally and potential future performance are discussed. The script mentions a possible 171% surge in Bitcoin's value during Q4, following the Federal Reserve's interest rate decisions. This is tied to the broader theme of cryptocurrency market recovery and the anticipation of a bullish trend.

💡Defi

DeFi, short for decentralized finance, refers to financial services that are built on blockchain technology and operate without traditional intermediaries like banks. The script discusses a resurgence in DeFi, suggesting a comeback for the sector. It mentions that the price of Ape (a cryptocurrency) has rallied significantly, indicating a potential breakout from a consolidation phase, which is a bullish signal for the broader DeFi market.

💡FTX

FTX is a cryptocurrency exchange that faced bankruptcy issues, as mentioned in the script. The distribution of $16 billion to creditors in stablecoins is discussed, and it is suggested that this liquidity could boost the Bitcoin and crypto market, leading to increased activity. This highlights the impact that major events in the crypto space can have on market sentiment and liquidity.

💡Layer One

A Layer One blockchain refers to a blockchain network that serves as the base protocol layer for a decentralized application platform. In the script, Sui is described as a Layer One blockchain with significant technological advancements, positioning it as a potential leader in the blockchain space. The term is used to emphasize the foundational role that such networks play in the ecosystem and the competitive landscape of blockchain technology.

💡Crypto Analyst

A crypto analyst is an individual who specializes in analyzing and forecasting the performance of cryptocurrencies and blockchain projects. In the script, crypto analyst Ellie Martinez is quoted to provide historical context and make predictions about Bitcoin's performance during the fourth quarter. This illustrates the role of analysts in shaping market expectations and providing insights into market trends.

💡Onchain Matrix

Onchain Matrix refers to the analysis of on-chain data, which includes transaction volumes, wallet addresses, and other blockchain network activities. The script mentions improvements in Bitcoin's onchain Matrix, indicating increased buying activity by big players like MicroStrategy. This is used to support the bullish narrative for Bitcoin, suggesting that institutional interest could drive the market upwards.

💡Stablecoin Minting

Stablecoin minting refers to the process of creating new stablecoins, which are cryptocurrencies pegged to a stable asset like the US dollar. The script notes a surge in stablecoin minting, which is seen as a positive sign for the market. This is because increased minting can indicate growing demand for stablecoins, which can then be used for trading or as collateral in the crypto market.

💡Futures Leverage

Futures leverage is a term used in financial trading to describe the use of borrowed funds to increase the potential return on an investment. The script mentions rising futures leverage as a sign of market improvement, suggesting that traders are becoming more confident and are willing to take on more risk, which can lead to increased market activity and potentially higher prices.

💡Total Value Locked (TVL)

Total Value Locked (TVL) refers to the total amount of value locked in DeFi protocols. The script reports that the Sui network has crossed over $900 million in TVL, securing a top spot among blockchain networks. TVL is an important metric for DeFi platforms as it indicates the scale of assets being utilized within the ecosystem, reflecting the platform's attractiveness to users and its potential for growth.

💡Horizontal Scaling

Horizontal scaling, also known as sharding, is a method of distributing data across multiple machines to increase capacity and performance. The script discusses Sui's use of horizontal scaling to allow seamless scaling of its network. This is significant as it addresses one of the major challenges in blockchain technology – scalability – and positions Sui as a platform capable of handling high transaction volumes with low latency.

Highlights

Sui jumps another 10% as interest in layer one blockchains continues to rise.

DeFi making a comeback with a surge in stable coin minting and rising Futures leverage.

Bitcoin rallies 171% in Q4, following the Fed rate cut by 50 basis points.

Crypto analyst Ellie Martinez points out Bitcoin's performance during previous halving events.

Bitcoin on-chain metrics show improvements with big players like MicroStrategy buying the dips.

10x Research report notes market structure improvement with rising Futures leverage.

Bankrupt crypto exchange FTX preparing to distribute $16 billion to creditors in stable coins.

Long-term Bitcoin holders aggressively buying over the past 2 months.

Avalanche price surges 3% during Sunday trading session, signaling a potential rally to $200.

Sui network registers a strong resurgence in network activity amid rising DeFi activity.

Sui network's unique approach with horizontal scaling and object-based storage model.

Sui network outperforming top players like Ethereum and Arbitrum.

Sui being compared to Solana, suggesting it as the next big layer one blockchain.

Rootstock's World Tour campaign with $33,000 in prizes and NFTs up for grabs.

Fusionist game universe with collectible planet NFTs and three game modes announced.

Hamster Combat season 1 airdrop of 60 billion tokens to qualified users.

Hamster Combat team turns down offers from Venture Capital firms, ensuring market value determination.

Transcripts

suie jumps another 10% as interest in

the layer one continues to rise is defi

making a comeback with a and can Bitcoin

rally 171% in Q4 this isz

news hey what's up everyone my name is

Cody and if you're new here make sure to

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below the price of Bitcoin has rallied

more than 8 and half% over the past week

into a strong recovery to

$64,000 it's clear that the Crypt bulls

have begun preparation that could see

Bitcoin surging by a staggering 171%

during the fourth quarter following the

Fed rate Cup by 50 basis points this

month all eyes are on how Bitcoin will

perform going ahead in Q4 after the

having event Bitcoin has been trading in

a close reaccumulation range between

$50,000 and $70,000 crypto analyst Ellie

Martinez points out bitcoin's

performance during the previous having

event of 2016 and 2020 during the fourth

quarter of 2016 the Bitcoin price surged

by 61% and more than 171% during the

fourth quarter of 2020 thus it bit coin

replicates this performance again it can

surge anywhere between 100,000 and

$172,000 by the end of the year Bitcoin

onchain Matrix have already shown

improvements in recent weeks with big

players like micro strategy continue to

buy the dips and the latest 10x research

report noted that the market structure

has been showing improvement with the

surge in stable coin minting as well as

rising Futures leverage citing previous

having Cycles the report stated that the

likelihood of Bitcoin price breakout has

increased as we head into the fourth

quarter however for that to happen

Bitcoin must cross above $65,000 to the

upside and on the other hand bankrupt

crypto exchange FTX is preparing to

distribute $16 billion to creditors the

distributions are in stable coins and

many Market analysts believe that this

liquidity would come back to bitcoin and

crypto leading to some fireworks in the

crypto space and Nick crypto shadon X

long-term Bitcoin holders are

aggressively buying over the past 2

months long-term holders have

accumulated more Bitcoin than any other

period in the past 3 years someone knows

something the a price surged 3% during

the Sunday trading session defining the

low volatility moment momentum in the

broader crypto Market this High momentum

rally pushed the asset to a peak of $162

a level not seen since May 2022 this

movement indicates a significant

breakout from the 2-year accumulation

phase signaling the potential to Rally

to $200 defying the ongoing

consolidation Trend in crypto markets

the Ali price showcased a sustained

recovery since July 2024 with its new

higher high and higher low formations in

the daily chart the bullish upswing

lifted the assets price from $71 all the

way to 158 registering a growth of 123%

and according to the founder of defiance

Capital Arthur this breakout could

signal a potential all-time high reclaim

marking a significant moment in the

ongoing defi resurgents if the daily

candle closes above $153 the buyers

could drive a 25% upswing to challenge

the $200 resistance this would then be

followed by an extended rally to $260

and according to santiment data the

percentage of a held by top addresses

has steadily climbed to 55% while a high

value May signal centralization risks it

also indicates an accumulation Trend

among large holders their confidence in

future Trends moreover the relatively

low supply of Av on exchanges suggests

reduce selling pressure which is often a

bullish

signal over the past month SOI has

gained a massive 60% moving all the way

to A1 60 levels in the latest surge

earlier this year in March the SOI price

touched a new high of $28 along with the

Bitcoin price hitting a new all-time

high however within the 3 months

following it it collapsed all the way

under 50 cents amid the broader Market

sell-off showing resilience sui has

staged a strong recovery since the June

lows and is on the path to hit fresh

all-time highs again the sui token price

is up 9. half% today trading at $160

levels with its market cap hitting $4.2

billion over the last month and more the

sui network has registered a strong

Resurgence in network activity amid the

rising defi activity on the platform

according to their latest announcement

the lir one blockchain has attained a

major Milestone Crossing more than $900

million in total value locked while

securing the eighth spot among all other

blockchain networks with this sui has

collected impressive growth of

3,285 over the past year with parallel

transaction processing the SEI Network

undertakes a unique approach its

architecture uses a horizontal scaling

method that allows it to scale

seamlessly sui utilizes an object based

storage model enabling more efficient

and streamline State Management this

approach reduces transaction

finalization times resulting in a lower

latency for decentralized apps and D5

platforms as a result the sui network

has out performed top players like

ethereum and arbitrum recently and our

crypto talk on act sh a post

highlighting the similarities between

Sue and salana saying soul in 2021

versus Sue in 2024 there's a narrative

around sui being the salon of the cycle

suggesting it being heavily promoted as

the next big layer one blockchain the

sui nwork both significant technological

improvements over existing L one

Solutions including salana it promises

instant transaction finality reduced

latency and transaction speeds that

could theoretically reach up to 297,000

transactions per second this Performance

Edge is frequently highlighted as a

reason for su's potential dominance do

you think that sui can pull a 2021 Soul

like price movement in this bull

run rud stock the larg and longest

running Bitcoin layer 2 invites you to

their world tour explore their Network

by joining their Galaxy rootstock world

tour campaign this involves visiting 11

rooto Partners there are $33,000 in

prizes and nfts up for grabs and the

campaign lasts until September 30th each

of their world tour destinations has a

quest by completing quests along the way

you'll be rewarded with rooto nft and

air miles or points and with each point

you can win $1,000 in rbtc now come

September 30th there will be a raffle

and more points mean more entries each

partner will will also do a $3,000

giveaway for 10 lucky winners at the

campaign's end so check out rud Stock's

World Tour campaign with a link down

below fusionist is a game Universe with

collectible planet nfts and is set in

the 2800s at this time the Earth is

uninhabitable fusionists begin to

explore the universe and find new

habitable planets they have three game

modes including colonize which is a

building simulation conquer a turn-based

tactical game and unite where you

explore expand exploit and exterminate

fusionist just announced on X for the

fusionist planet Launchpad par part one

the Launchpad will offer 6,000 Planet wh

lists with each Whit list granting a

randomly assigned T1 to T5 planet planet

holders will gain access to play the

fusionist game in October the 6,000

Planet wh list are divided into three

pools Ace wbas and usdc each pool has a

different number of Whit list available

players can earn Whit list by locking

Ace wbas or usdc the Whit list

distribution is as follows the Whit list

will be distributed based on staking

value ranking and each player can earn

only one Whit list per pool the page

opens on September 22nd and the rewards

will be distributed before September

30th after the Launchpad event concludes

the planet minting page will be

available on the official website users

holding a whiteless Ken Min planets and

higher tier planets can offer more

resources the team behind the popular

telegram clicker hamster combat has

revealed the details of It season 1

airdrop saying that 60 billion tokens

will be aird dropped to qualified users

in an announcement posted on X the

hamster combat team said that 75 billion

of its 100 billion hamster combat tokens

for the project are allocated to its

community members the team revealed that

60% of the total token Supply will be

air dropped after season 1 and the

remaining 15% will be distributed during

the upcoming season 2 of the initial 60

billion tokens to be distributed

eligible users can get 88.7 5% of their

allocation immediately while the

remaining 11.25% will be vested and made

available 10 months after the token is

listed on exchanges on July 30th the

hamster Foundation described its

upcoming air drop as the largest air

drop in the history of crypto the team

said most of the volume would go to

players while the rest would be for

liquidity ecosystem Partnerships grants

rewarding squads and other items and on

August 12th the team said that it had

turned down offers from Venture Capital

firms this means there will be no early

investments in the token and only the

market will determine its value in an

announcement the team said that there's

no extra selling pressure adding that

the value pamps are tokens be determined

by its demand Supply and Community

interest