Larry

Bitcoin

Rise

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/podcast-discusses-bitcoins-rise-and-renewed-interest-in-memecoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Podcast Discusses Bitcoin’s Rise and Renewed Interest in Memecoins</a><br></p>
<p style="text-align: justify">The <a href="https://en.coin-turk.com/exploring-the-impact-of-local-exchanges-on-cryptocurrency-trading-in-turkey/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/the-future-of-artificial-intelligence-in-the-crypto-ecosystem/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> market has experienced a calm phase in recent months, but recent developments have reignited interest. The latest episode of the “Tapping into Crypto” podcast covered Bitcoin ’s upward trend, developments in GameFi titles, and the support from financial institutions.</p>
<h2 id="bitcoin-approaches-historical-highs">Bitcoin Approaches Historical Highs</h2>
<p style="text-align: justify">Podcast hosts Ted Coaldrake and Pav Hundal noted that Bitcoin gained 11% in value over the last week. This surge has brought Bitcoin closer to its highest level since July 2024. While analyzing the charts, they pointed out improvements in ETF flows and a strong investment history in previous fourth quarters.</p>
<blockquote>
 <p>“It is reasonable to expect price increases in this market cycle. Looking at historical seasonality trends, this movement may start to take shape over the next 2-3 months.”</p>
</blockquote>
<blockquote>
 <p>“Historically, if this continues, we can expect a significant increase in the fourth quarter.”</p>
</blockquote>
<h2 id="memecoins-gain-attention-again">Memecoins Gain Attention Again</h2>
<p style="text-align: justify">In addition to Bitcoin, memecoins have also recorded significant gains over the past week. The hosts observed that the frequent launch of new memecoins indicates a revival of retail investors’ interest in cryptocurrency. Notably, the Brett (BASED) <a href="https://en.coin-turk.com/pepe-coin-faces-local-resistance-after-recent-recovery/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> increased by 24% in the last seven days.</p>
<h2 id="new-developments-in-gamefi">New Developments in GameFi</h2>
<p style="text-align: justify">The podcast also discussed the highly anticipated game “Off the Grid” in the Web3 gaming world. This game combines mechanics from popular battle royale games like PUBG and Fortnite and catches attention due to its blockchain-based nature. The game’s accessibility on not just desktop but also consoles like PS5 and Xbox makes it more appealing to a broader audience.</p>
<h2 id="corporate-support-is-growing">Corporate Support is Growing</h2>
<p style="text-align: justify">Listeners were informed about BlackRock CEO Larry Fink’s remarks comparing cryptocurrency adoption to the widespread use of smartphones. The interest and support from major financial institutions indicate that the sector has matured and made significant progress over the past two years.</p>
<p style="text-align: justify">The backing from leading asset managers like BlackRock and their efforts to develop spot crypto ETFs provide hopeful signals regarding the future of the cryptocurrency market. Increasing corporate investments could solidify the position of cryptocurrencies in the markets.</p>
<p>The post <a href="https://en.coin-turk.com/podcast-discusses-bitcoins-rise-and-renewed-interest-in-memecoins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Podcast Discusses Bitcoin’s Rise and Renewed Interest in Memecoins</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Podcast Discusses Bitcoin’s Rise and Renewed Interest in Memecoins

Table of Contents

COINTURK NEWS

Other articles published on Oct 17, 2024

Dogecoin Price Prediction: DOGE Pumps 7% After Elon Musk Tweet As This Vote-To-Earn Meme Coin Cha...

SCB Launches Innovative Cross-Border Payment System Using Stablecoins

What's With XRP? $0.55 Denied

Truist Financial Corporation (TFC) Reports Better than Expected Third Quarter with $0.97 EPS

Euroclear makes first Asia investment with Marketnode stake

XRP Price Prediction: Can A Spike In Price Send XRP Toward New ATHs? Buy This Altcoin For Gains I...

Join our free newsletter for daily crypto updates!