Dogecoin

Cryptocurrency

Bitcoin

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-analysts-share-insights-on-market-trends/" data-wpel-link="internal">Cryptocurrency Analysts Share Insights on Market Trends</a><br></p>
<p style="text-align: justify">Cryptocurrency investors have not yet experienced the anticipated price increase. For over two quarters, these investors have faced continuous disappointment as their expected rise has yet to materialize, overshadowing several positive developments. The latest attempt to break through has also ended in failure, prompting commentary from a <a href="https://en.coin-turk.com/predictions-surge-for-2024-crypto-market-set-for-major-milestones/" data-wpel-link="internal">cryptocurrency</a> analyst who had predicted this outcome.</p> 
<h2 style="text-align: justify" id="analyst-predicts-decline-with-bitcoin">Analyst Predicts Decline with Bitcoin</h2> 
<p style="text-align: justify">Recently, Roman Trading shared a price prediction while Bitcoin hovered around $73,000. As he anticipated, prices began to decline, falling below $70,000. The realization of a bearish scenario, which lacked conviction when prices peaked, has dampened morale among traders. So, what are his current thoughts?</p> 
<blockquote> 
 <p style="text-align: justify">“In the past few days, I’ve released several scenarios. This is to instill confidence about where prices might head in the coming days. A drop to $66,000 would facilitate a potential price reversal, whereas maintaining the $68,000 level suggests a more bullish outlook.”</p> 
</blockquote> 
<p style="text-align: justify">Currently, Bitcoin is attempting to hold above $68,000, slightly recovering from a low of $67,251 to now sit at $67,850.</p> 
<h2 style="text-align: justify" id="active-addresses-on-solana-increase">Active Addresses on Solana Increase</h2> 
<p style="text-align: justify">Kyle has shifted focus to a different topic today, emphasizing the number of active addresses on the Solana network. He expresses satisfaction with a 42% increase in addresses in October compared to the previous month, bringing active addresses close to 123 million. However, a significant portion of these addresses remains undetermined due to duplicates.</p> 
<blockquote> 
 <p style="text-align: justify">“At the beginning of the year, there were only 12.7 million active addresses. This increase is attributed to rising meme coin transactions driven by applications like Pump fun and the decentralized exchange Raydium, both of which have shown robust activity recently.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-403520 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/solana-aktif-adresleri-ekim.jpg" alt="" width="1080" height="522"></p> 
<h2 style="text-align: justify" id="insights-on-aave-and-doge">Insights on AAVE and DOGE</h2> 
<p style="text-align: justify">In today’s <a href="https://en.coin-turk.com/ankr-simplifies-node-deployment-and-staking-for-users/" data-wpel-link="internal">altcoin</a> analysis, Poppe also discusses AAVE Coin, noting a slowdown in momentum. He shared the following chart, suggesting that the price of AAVE above $110 would provide a necessary foundation for a quick upward movement as investors reduce risk before elections.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-403521 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/poppe-aave-yorumu.png" alt="" width="2242" height="1186"></p> 
<p style="text-align: justify">Turning his attention to Dogecoin , Ali Charts points out the increase in addresses on the Dogecoin network. He notes that over 35,000 new addresses are added daily, which supports his view. In the last 24 hours, Dogecoin has also seen a significant gain, exceeding 5% among major <a href="https://en.coin-turk.com/coinbase-eyes-listing-for-emerging-altcoin-hivemapper-honey/" data-wpel-link="internal">altcoins</a>.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-403522 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/doge-yeni-adresler-ali-charts.jpg" alt="" width="1200" height="800"></p> 
<p>The post <a href="https://en.coin-turk.com/cryptocurrency-analysts-share-insights-on-market-trends/" data-wpel-link="internal">Cryptocurrency Analysts Share Insights on Market Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Cryptocurrency Analysts Share Insights on Market Trends

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