Tron is a digital currency that is used just like any other currency.  Such as Bitcoin, Etherium, Lightcoin etc.  However, a special feature of this coin is that it has its own platform.  Which is much better than other platforms.  Recently new smart contracts are being made through this platform.  As a result, I believe that the price of this coin will increase a lot in the future.

With the rapid price increase of Bitcoin, exchange inflows reach a plateau after achieving 100,000 Bitcoin outflows from exchanges, according to Glassnode.

The exchange inflows and outflows are the first indications of the presence or absence of selling pressure on the market. With continuous outflows from the exchange, Bitcoin has been actively growing due to the absence of selling volumes coming from exchanges.

Glassnode Data
With prices reaching the previous ATH, more traders are becoming concerned and are willing to take profits. The highest inflow rates were previously present in May, prior to the massive Bitcoin sell-off that led to the 40% correction on the market.

Exchange inflows can also be used to track the overall sentiment on the market. With low inflow rates, traders determine whether market participants are holding funds in their wallets or are looking to spend them. While funds remain on exchanges, investors are more likely to sell once the price reaches their target.

As mentioned previously, the increased inflow rates are local, and the overall trend remains negative, with the funds held by exchanges moving either down or in a range. Total exchange balances remain at 2.45 BTC, which are currently at August 2018 levels. At the previous ATH, the number of funds stayed at 3.11 million BTC. With the current outflow rate, the exchanges lost 21% of the ATH balance.

Glassnode Chart
At press time, Bitcoin is trading at $57,610, previously testing the $59,000 zone. But due to the presence of a large number of sell orders, the price swiftly retraced back under $58,000.source

Ethereum managed to break past the critical level of $3,600, potentially paving the way towards the coveted $4K mark.

Key Support level: $3,600

Key Resistance level: $4,000

Ethereum (ETH) has broken above the key resistance at $3,600 and successfully turned it into support on the 4-hour timeframe. With this breakout, the cryptocurrency has a clear path to retest the all-time high at $4,380.

The ATH will act as resistance until broken, and, therefore, profit-taking can be expected as soon as we reach a price above $4,000. This may cause a correction until ETH successfully breaks above the key resistance and enters price discovery once again.

img1_eth
Chart by TradingView
Indicators
Volume: The breakout volume on the 4-hour timeframe was strong. However, we need continuation and more volume to sustain the upward trajectory.

RSI: The RSI on daily and 4h timeframes is moving higher as expected. Once the RSI makes a higher high on the daily timeframe, the confidence in this uptrend will increase.

MACD: The recent bullish cross of the MACD moving averages on the 4h timeframe is a great indicator that price is posed to increase further. On the daily timeframe, things remain bullish and in anticipation of a new rally.

img2_eth
Chart by TradingView
Bias
The overall bias is bullish, especially if the price remains above $3,600. With more volume and buyers coming in, ETH can continue to push higher and approach the ATH. This bias will change only if the price falls under $3,400. At that point, the current breakout would be confirmed as fake.

Short-Term Price Prediction for ETH:
With the ATH in range, ETH appears ready to retest the key resistance at $4,000. Once there, the price might consolidate in a tight range as significant pushbacks aren’t expected. Eventually, ETH can break free from the current resistance and enter price discovery. Once that happens, further increases become very likely in the near future so long the overall market stays bullish.source

Tesla CEO Elon Musk has taken to Twitter to support Dogecoin co-founder Billy Markus in his quest to make members of the community run their own nodes.

In his tweet, which has received the thumbs-up emoji from the centibillionaire, Markus explains that nodes are important because they are responsible for validating transactions and keeping the blockchain updated.

I wanted to write something slightly more nuanced about Dogecoin Nodes, so bear with me.

Nodes are important. They keep the network moving, validate transactions, and keep the blockchain up to date. It’s good to update to 1.14.4 which will allow for lower transaction fees.

— Shibetoshi Nakamoto (@BillyM2k) October 13, 2021
He’s urging the community to download the 1.14.4 Dogecoin upgrade in order to lower transaction fees.

Musk then responded with the “hundred points symbol” emoji to Markus’s joke about those who don’t run their own nodes.

As reported by no link shorteningday, the controversial entrepreneur recently said that it was “super important” for Dogecoin fees to drop so that the meme coin would become a viable payments method. 

https://no link shorteningday/dogecoin-killer-shiba-inu-listed-on-indias-oldest-cryptocurrency-exchange

After months of interacting with the Twitter account of the Dogecoin co-founder, Musk finally followed him on the leading social media platform.

Markus quipped that he would stop making bad tweets now that the Tesla boss is following him.

Musk also reacted with the popular laughing crying emoji to a meme about the Dogecoin community that is inspired by much-hyped South Korean survival drama “Squid Games,” which has already become Netflix’s biggest ever debut hit.

Earlier this month, the richest man on the planet posted a photo of his puppy called Floki, which some believe triggered a massive rally in Dogecoin rival Shiba Inu.source

Polkadot, a sharded blockchain protocol co-founded by British computer scientist Gavin Wood, has announced that its much-awaited parachain auctions will commence in November.

The tentative date for the first auction is Nov. 11 after the Polkadot Council voted in favor of Motion 118, inching closer to a May 15 all-time high of $49.35.   

The proposal for parachain auctions has now gone to a public referendum that is going to last for six more days. 

The price of Polkadot (DOT) has spiked by more than 12 percent on the announcement.   

According to co-founder Robert Habermeier, Polkadot’s code has been fully audited, which was the final step before kicking off the rollout of parachains.   

The term “parachain,” which is a portmanteau of “parallelizable” and “blockchain,” denotes sovereign layer-1 networks that are connected to the relay chain. Parachains will potentially allow ensuring interoperability between hundreds of separate blockchains with different purposes.

In order to secure coveted parachain slots, a slew of projects has to compete through the auction process. Each auction on Polkadot lasts seven days. Winners will be assigned a parachain slot for eight 12-week lease periods.

Kusama, Polkadot’s sister network that performs the role of a test environment, successfully held its very first batch of parachain auctions in June and July, with decentralized finance project Karura becoming the very first winner.     

In late August, the “canary network” announced five additional auctions. source

If something good that’s happening to Litecoin (LTC) as of now is that there’s a sudden surge in the Litecoin address activity as of now. On-chain data provider Santiment reported that Litecoin has flipped the world’s second-largest blockchain platform Ethereum (ETH) in terms of address activity. The data provider reports:

Litecoin has just flipped #Ethereum in terms of address activity for just the third time this year. We’ve also discovered that #Litecoin‘s payment count, which quantifies the number of addresses receiving $LTC, has hit an #ATH.


Courtesy: Santiment
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As per on-chain data provider Santiment, the daily active addresses have touched 600K which is phenomenal for a UTXO cryptocurrency. Furthermore, unlike Ethereum, Litecoin doesn’t enjoy the strong backing of DeFi or NFT contributing to active addresses.

Litecoin Payment Count Hits All-Time High
Another important metrics highlighted by the on-chain data provider “payment count” has broken the 2017 bull run high. The data [provider noted:source

The media in El Salvador has reported that some citizens are resorting to “identity theft” in a bid to obtain USD 30 worth of bitcoin (BTC) through the government’s Chivo wallet and app.

The government has attempted to incentivize downloads by offering citizens the funds as a golden hello, after launching Chivo last month. But some unscrupulous individuals have allegedly been stealing others’ identities to register the app in other people’s names, using stolen ID documents to complete the process – allowing them to accrue larger quantities of BTC.

The newspaper El Diario de Hoy’s website reported that “massive” amounts of those who have downloaded the app for the first time in recent days were stunned to discover that their identity documents have already been used to register Chivo accounts.

The media outlet, which is vehemently opposed to the rule of the El Salvador President Nayib Bukele and his Nuevas Ideas Party, claimed that the government’s response to the concerns was “silence.”

The newspaper conceded that “thus far” the exact number of people whose identity has been stolen “through Chivo is not known.” Nor is it known, the media outlet wrote pointedly, “how much the thefts” have cost the government, which has “paid for them using [fiat] USD public funds.”

Another staunch critic of the government and its BTC adoption policies, the El Salvador-based economist Tatiana Marroquín took to Twitter to state that “due to the large number of [identity theft] complaints” leveled at Chivo, she decided to look into whether her own personal data had been registered “without my authorization.”

“I have not downloaded the application on my cell phone, nor have I registered my [ID documents] in any way; but [my account] already source

Bitcoin extended its rally above the $57,000 against the US Dollar. BTC could continue to rise if it is above the $56,000 support zone.

Bitcoin is trading in a positive zone above the $56,000 support zone.
The price is now trading above $56,000 and the 100 hourly simple moving average.
There was a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair is correcting gains, but the bulls could remain active near $56,000.
Bitcoin Price Eyes More Upsides
Bitcoin price remained well supported above the $55,000 pivot level. BTC gained pace and it was above to clear many hurdles near the $55,500 level.

There was also a break above a key declining channel with resistance near $55,400 on the hourly chart of the BTC/USD pair. The pair climbed above the $56,000 resistance level and settled above the 100 hourly simple moving average.

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There was also a break above the $57,000 level and the price traded as high as $57,837. It is now correcting lower and trading below $57,500.

There was a break below the 23.6% Fib retracement level of the upward move from the $54,396 swing low to $57,837 high. On the downside, an initial support is near the $56,200 level. On the upside, the bulls are facing resistance is near the $57,000 level.

Bitcoin Price

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Source: BTCUSD on TradingView.com
The first key resistance is near the $57,500 level. A clear break above the $57,500 resistance could open the doors for a decent increase. The next major resistance sits near the $58,500 level. Any more gains could set the pace for a move towards the $59,200 level.

Dips Supported In BTC?
If bitcoin fails to clear the $57,500 resistance zone, it could correct lower. An immediate support on the downside is near the $56,200 level.

The first major support is snow forming near the $56,000 level. It is near the 50% Fib retracement level of the upward move from the $54,396 swing low to $57,837 high. A downside break below the $56,000 support zone could open the doors for a larger decline.source