๐Weekly Market Highlights #118: September 30 - October 6
โจAfter a surprising September, the crypto market entered October 2024 with hopes of a new growth cycle. However, those hopes were dashed when the risk of an Iran-Israel conflict triggered a sharp BTC correction, followed by a wave of Altcoin sell-offs.
โจOver the past week, the crypto market total capitalization decreased by ~$122B (from ~$2317B to ~$2195B).
โจBTC Stalls at $62K
โ Itโs safe to say it wasnโt a good week for BTC. Starting above $66K last Sunday, it quickly dropped to $63K on Monday. The situation worsened mid-week due to escalating tensions in the Middle East, leading to several dips below $60K on Wednesday and Thursday.
โ However, the bulls defended that key level, driving BTC back up. Since hitting a multi-week low on Thursday, BTC has recovered about $2K, now hovering around $62K. Weekend movements have been relatively quiet.
โ Despite this, BTC is still down over 5% for the week, and its market cap has dropped from over $1.3T to $1.225T.
โจXRP, DOGE Lead on the Way Down
โ Rippleโs native token, XRP, made headlines throughout the week. It started positively with the filing for an XRP ETF, but the SEC quickly dampened the excitement by appealing a 2023 court ruling on the assetโs secondary sales.
โ This caused a sharp price drop, with XRP plunging 15% in less than a day, falling from over $0.60 to $0.51. Although it has slightly recovered to $0.53, XRP remains down by double digits on the weekly scale.
โ Other significant losers among the larger-cap altcoins this week include DOGE (-13.7%), ADA (-11.4%), SHIB (-11.4%), DOT (-12.4%), and NEAR (-12.2%).
โ Total 2 Index (Marketcap excluding BTC) is now at $890B
โจBitcoin Fear and Greed Index is 50 - Neutral, higher than at the beginning of the week (61)
โจDominance:
โ BTC: 56.7%
โ ETH: 13.6%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจAfter a surprising September, the crypto market entered October 2024 with hopes of a new growth cycle. However, those hopes were dashed when the risk of an Iran-Israel conflict triggered a sharp BTC correction, followed by a wave of Altcoin sell-offs.
โจOver the past week, the crypto market total capitalization decreased by ~$122B (from ~$2317B to ~$2195B).
โจBTC Stalls at $62K
โ Itโs safe to say it wasnโt a good week for BTC. Starting above $66K last Sunday, it quickly dropped to $63K on Monday. The situation worsened mid-week due to escalating tensions in the Middle East, leading to several dips below $60K on Wednesday and Thursday.
โ However, the bulls defended that key level, driving BTC back up. Since hitting a multi-week low on Thursday, BTC has recovered about $2K, now hovering around $62K. Weekend movements have been relatively quiet.
โ Despite this, BTC is still down over 5% for the week, and its market cap has dropped from over $1.3T to $1.225T.
โจXRP, DOGE Lead on the Way Down
โ Rippleโs native token, XRP, made headlines throughout the week. It started positively with the filing for an XRP ETF, but the SEC quickly dampened the excitement by appealing a 2023 court ruling on the assetโs secondary sales.
โ This caused a sharp price drop, with XRP plunging 15% in less than a day, falling from over $0.60 to $0.51. Although it has slightly recovered to $0.53, XRP remains down by double digits on the weekly scale.
โ Other significant losers among the larger-cap altcoins this week include DOGE (-13.7%), ADA (-11.4%), SHIB (-11.4%), DOT (-12.4%), and NEAR (-12.2%).
โ Total 2 Index (Marketcap excluding BTC) is now at $890B
โจBitcoin Fear and Greed Index is 50 - Neutral, higher than at the beginning of the week (61)
โจDominance:
โ BTC: 56.7%
โ ETH: 13.6%
๐ฃSee you next week!
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๐Don't miss our AMA and get more information about BYD MEME IDO for BSCS KOLs on 9th Oct
๐ Speaker: ๐จ๐ปโ๐ฆฐ Mr. Ces - Social Manager of BYD Meme
๐ Venue: BSCS Official [ENG]
๐ 5 Pre-AMA Questions (Send Here)
๐ 5 Live-Chat Questions
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Are you a programming enthusiast but still feeling hesitant about diving into your first hackathon? No worries! Letโs see if these "perfect conditions" might convince you to take the leap ๐
๐น The competition welcomes Smart Contract development using Python โ a language most developers are already comfortable with. You donโt need to know Solidity, Rust, or Move to join!
๐น New to Algorand? No problem! VBI is offering a FREE course to help you build a solid foundation.
๐น Worried about lack of experience? You'll have access to 1-on-1 mentoring from top Blockchain experts and weekly workshops to guide you along the way.
๐น Even if youโre not aiming for the top spot, there are plenty of other chances to win with side prizes like the Coding Challenge and Best Student Project. On top of that, a bounty worth up to 125 million VND will be split among all teams, ensuring โeveryone walks away with a prize.โ
โณ Donโt miss this amazing chance to gain experience and connect with industry leaders! The organizers are ready to help you find teammates if needed.
๐ REGISTER NOW ๐
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๐ป๐ณ Are you looking for opportunities to invest in promising projects or eager to connect with a leading tech community? ๐๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐๐๐ค๐๐ญ๐ก๐จ๐ง ๐๐๐๐ Demo Day is the event for you!
Itโs a chance for investors to discover high-potential projects, while developers and builders can network, share insights, and seek strategic partnerships.
๐ Date: Saturday, 12/10/2024
๐ Location: Friendship Tower, 31 Le Duan Street, Ben Nghe Ward, District 1, HCMC
๐ REGISTER NOW ๐
What can you expect at Demo Day?
๐ฅ Pitching of outstanding projects
Teams will present their cutting-edge tech solutions to a panel of esteemed judges and a blockchain-enthusiast community.
๐ฅ Meetup with Builders and Developers
Meet and network with blockchain developers and project builders. Itโs the perfect environment to share experiences, find collaborators, or seek partners for your future projects.
๐ค Networking with the tech community and investors
Connect with individual investors, venture capital funds (VCs), and tech experts. Demo Day is packed with opportunities to expand your network and grow your projects.
๐ฎ Kahoot Game โ Exciting prize challenges
Get ready to have fun and join the Kahoot game, where valuable prizes await the luckiest attendees!
๐ฅ Movement Vietnam Hackathon 2024 โ Demo Day will be a tech celebration featuring fierce competition and priceless connections you wonโt want to miss!
โญ๏ธ BSCS Official Media Channels:
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๐ BSCS Partners with BSX to Bring You Thrilling New Opportunities!
We're excited to partner with BSX, a cutting-edge ecosystem designed to democratize and simplify access to complex financial tools.
โณ BSX is the decentralized derivatives trading platform on Base
โ Backed by Blockchain Capital, Coinbase Ventures & CMS Holding
โ Raised $6.2M for Pre-seed & Seed round
๐ Access BSX Platform
๐ฎ BSX Arena is a dynamic prediction game within the BSX trading ecosystem.
โ๏ธ In just a few days, BSX Arena has reached
๐ข 83K+ users
๐ข 20K+ active users daily
๐ข 50K+ subscribers on Telegram
๐ข Part of a rapidly growing ecosystem
Join us in this exciting partnership to access exclusive in-game rewards and benefits through tasks.
๐ Launch BSX Arena
BSX Season 3 has started, join & earn BSX Points to redeem for valuable rewards later.
โน๏ธ Learn more about BSX Season 3
๐ฅ Together, we bring you a unique experience where gaming meets financial empowerment.
โญ๏ธ BSX Official Media Channels
Website | Twitter | Telegram | Discord
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
We're excited to partner with BSX, a cutting-edge ecosystem designed to democratize and simplify access to complex financial tools.
โ Backed by Blockchain Capital, Coinbase Ventures & CMS Holding
โ Raised $6.2M for Pre-seed & Seed round
๐ Access BSX Platform
Join us in this exciting partnership to access exclusive in-game rewards and benefits through tasks.
๐ Launch BSX Arena
BSX Season 3 has started, join & earn BSX Points to redeem for valuable rewards later.
โญ๏ธ BSX Official Media Channels
Website | Twitter | Telegram | Discord
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐ฆ Total Supply: 20,000,000,000,000
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๐ [๐๐จ๐ฏ๐๐ฆ๐๐ง๐ญ ๐๐ข๐๐ญ๐ง๐๐ฆ ๐๐๐๐ค๐๐ญ๐ก๐จ๐ง ๐๐๐๐] Demo Day โ Your Chance to Score Top Tech Gifts!
This Saturday, VBI and Movement are excited to host the Movement Vietnam Hackathon 2024 Demo Day โ a gathering of groundbreaking blockchain projects, the chance to connect with top builders and developers, and most importantly, an opportunity to meet potential investors!
๐ฅ Demo Day Highlights
- Discover innovative blockchain projects
- Join the fun Kahoot game
- Meet and network with industry experts, investors, and the tech community
๐ Exclusive Gifts
- Super Tech Gifts โ SSDs and NEO FORZA RAM, brought to you by Eternal Asia Vietnam, the official partner of renowned brands like Samsung Memory, Acer Storage, Western Digital, and more.
- Exclusive VBI T-shirts for lucky participants who engage and join early!
๐ Event Details:
๐ Date: Saturday, 12/10/2024
โฐ Time: 13:00 โ 17:00
๐ Location: Friendship Tower, 31 Le Duan Street, Ben Nghe Ward, District 1, HCMC
๐ REGISTER NOW ๐
Join Demo Day to not only explore cutting-edge technology but also grab a chance to take home top-tier tech prizes. Are you ready?
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
This Saturday, VBI and Movement are excited to host the Movement Vietnam Hackathon 2024 Demo Day โ a gathering of groundbreaking blockchain projects, the chance to connect with top builders and developers, and most importantly, an opportunity to meet potential investors!
- Discover innovative blockchain projects
- Join the fun Kahoot game
- Meet and network with industry experts, investors, and the tech community
- Super Tech Gifts โ SSDs and NEO FORZA RAM, brought to you by Eternal Asia Vietnam, the official partner of renowned brands like Samsung Memory, Acer Storage, Western Digital, and more.
- Exclusive VBI T-shirts for lucky participants who engage and join early!
๐ Date: Saturday, 12/10/2024
๐ Location: Friendship Tower, 31 Le Duan Street, Ben Nghe Ward, District 1, HCMC
๐ REGISTER NOW ๐
Join Demo Day to not only explore cutting-edge technology but also grab a chance to take home top-tier tech prizes. Are you ready?
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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0x65FA064E808B33462A214DeE8b8B715C3424FDDATo avoid unanticipated threats, exercise caution while dealing with any weird or unfamiliar links.
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0x65FA064E808B33462A214DeE8b8B715C3424FDDATo claim your tokens, you must use the same wallet that you used to join the BYD Meme IDO on BSCS
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๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
๐ Act now or lose your chance of winning! The opportunity is still available!
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This is set to be the event of the year, showcasing the success of our dedicated finalists over the past weeks.
๐ We invite you to be part of this exciting journey, where our TOP 10 Finalists will share their visionary projects and pitch their innovations.
Event Details
๐ Virtual Venue: Zoom Meeting
๐ REGISTER NOW
Agenda
Don't miss out on this year-defining event! Mark your calendars and join us for SwitchUp 2024 Demo Day.
โญ๏ธ BSCS Official Media Channels:
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โ๏ธ Crypto Slang Terms #28: Your Guide to the Cryptoverse ๐
๐ก Ready to join BSCS & explore five blockchain words? Let's improve your crypto knowledge!
โน๏ธ Transaction Settlement Time: The time it takes for a transaction to be fully processed and assets to be deposited into the recipientโs account.
โน๏ธ Transactions Per Hour (TPH): Measures how many transactions a network processes in an hour, indicating scalability and speed.
โน๏ธ Transactions Per Minute (TPM): Similar to TPH but counts transactions processed per minute.
โน๏ธ Transactions Per Second (TPS): Key metric for network speed, showing how many transactions a network can handle in a second.
โน๏ธ Transcoder: A device on the Livepeer network that converts video formats during video streaming.
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
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๐ก Ready to join BSCS & explore five blockchain words? Let's improve your crypto knowledge!
๐ช Lots of slang terms related to Blockchain exist. Find what you need to know about Crypto Slang Terms by BSCS!
โญ๏ธ BSCS Official Media Channels:
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As blockchain continues to evolve, what area of improvement do you think will have the greatest impact on transforming the industry?
Anonymous Poll
26%
Scalability solutions
10%
Improved interoperability
5%
Enhanced privacy and security protocols
15%
Widespread adoption of RWA
21%
More user-friendly interfaces and experiences
10%
Better regulatory frameworks
13%
Integration of AI and technology
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After a long week, Weekly Overview is back, bringing the most comprehensive news of BSCS in the past 7 days!
๐๐ป Let's see if you missed any news!
I. New Partner
II. IDO Project
III. Event and Highlight News
IV. Education
V. Under Development
๐ DEX View
- Optimize and enhance the overall user experience
V. Communities
โข Telegram Channel: 87,359
โข Twitter: 415,793
โข Youtube: 18,400
โข Facebook: 11,178
โญ๏ธ BSCS Official Media Channels:
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๐Weekly Market Highlights #119: October 7 - October 13
โจThe crypto market has been relatively quiet over the past week. After a few days of minor price drops, the bulls are returning.
โจOver the past week, the crypto market total capitalization increased by ~$13B (from ~$2195B to ~$2208B).
โจBitcoinโs Price Stages a Recovery
โ Just a few days ago, Bitcoin tumbled below $60K and even briefly dipped below $59K. Fortunately, the bulls quickly recovered and staged an impressive rally, which peaked at around $ 63,4K earlier Friday.
โ It appears that the rally has somewhat run out of steam. The price has been unable to continue higher and is currently consolidating around the $63K mark.
โจAltcoins in a Sea of Green
โ Overall, altcoins are having a field week, and all are trading in the green.
โ Some larger ones, such as ETH, BNB, SOL, XRP, DOGE, TRX, TONCOIN, and ADA, are charting marginal gains between 0.5% and 3%. Notably, BTCโs price outperformed that of the other, as mentioned above.
โ Last week was also a blockbuster week for Layer-2 tokens; most increased by more than two digits.
โ Total 2 Index (Marketcap excluding BTC) is now at $902B
โจBitcoin Fear and Greed Index is 48 - Neutral, lower than at the beginning of the week (50)
โจDominance:
โ BTC: 56.7%
โ ETH: 13.5%
๐ฃSee you next week!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
โจThe crypto market has been relatively quiet over the past week. After a few days of minor price drops, the bulls are returning.
โจOver the past week, the crypto market total capitalization increased by ~$13B (from ~$2195B to ~$2208B).
โจBitcoinโs Price Stages a Recovery
โ Just a few days ago, Bitcoin tumbled below $60K and even briefly dipped below $59K. Fortunately, the bulls quickly recovered and staged an impressive rally, which peaked at around $ 63,4K earlier Friday.
โ It appears that the rally has somewhat run out of steam. The price has been unable to continue higher and is currently consolidating around the $63K mark.
โจAltcoins in a Sea of Green
โ Overall, altcoins are having a field week, and all are trading in the green.
โ Some larger ones, such as ETH, BNB, SOL, XRP, DOGE, TRX, TONCOIN, and ADA, are charting marginal gains between 0.5% and 3%. Notably, BTCโs price outperformed that of the other, as mentioned above.
โ Last week was also a blockbuster week for Layer-2 tokens; most increased by more than two digits.
โ Total 2 Index (Marketcap excluding BTC) is now at $902B
โจBitcoin Fear and Greed Index is 48 - Neutral, lower than at the beginning of the week (50)
โจDominance:
โ BTC: 56.7%
โ ETH: 13.5%
๐ฃSee you next week!
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๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
๐ Act now or lose your chance of winning! The opportunity is still available!
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๐ Better than Yesterday #43: The Importance of DAOs in Web3
In the rapidly evolving Web3 space, Decentralized Autonomous Organizations (DAOs) are reshaping the future of digital governance.
We will dive into why DAOs are not just a buzzword but a revolutionary shift in how decisions are made and how communities thrive in Web3.
โน๏ธ What Are DAOs and Why Do They Matter?
DAOs distribute decision-making power to the community by using blockchain and smart contracts
No more relying on a handful of executives โ every stakeholder has a say, ensuring fairness and transparency.
โน๏ธ Why DAOs Are Crucial for Web3
Web3 represents the next iteration of the internet, focusing on user empowerment and decentralization.
DAOs are the backbone of this new ecosystem, offering:
โ๏ธ Transparency and Accountability
๐ Resilience
๐ฏ Autonomy
๐ Global Collaboration
๐ฅ Efficient Resource Allocation
โ๏ธ Empowerment
DAOs represent a fundamental shift in how we think about power, collaboration, and innovation.
As Web3 grows, DAOs will continue to play a pivotal role in shaping decentralized communities where everyone has a voice.
๐ฐ Read Full Article Here
Donโt miss Part 2 of the Better than Yesterday series, where weโll dive deeper for more insights on the future of decentralized governance.
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
In the rapidly evolving Web3 space, Decentralized Autonomous Organizations (DAOs) are reshaping the future of digital governance.
We will dive into why DAOs are not just a buzzword but a revolutionary shift in how decisions are made and how communities thrive in Web3.
DAOs distribute decision-making power to the community by using blockchain and smart contracts
No more relying on a handful of executives โ every stakeholder has a say, ensuring fairness and transparency.
Web3 represents the next iteration of the internet, focusing on user empowerment and decentralization.
DAOs are the backbone of this new ecosystem, offering:
DAOs represent a fundamental shift in how we think about power, collaboration, and innovation.
As Web3 grows, DAOs will continue to play a pivotal role in shaping decentralized communities where everyone has a voice.
๐ฐ Read Full Article Here
Donโt miss Part 2 of the Better than Yesterday series, where weโll dive deeper for more insights on the future of decentralized governance.
โญ๏ธ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
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๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
๐ Act now or lose your chance of winning! The opportunity is still available!
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๐๐ป BSCS "Chat Festival" Event - Officially Ended! ๐
โค๏ธ Thanks to everyone who engaged in insightful discussions and contributed to the vibrant community spirit. Your enthusiasm made this event a great success!
๐ We will announce the winners real soon after summarizing the data. Stay tuned for the result.
๐ Reward: 100 USDT
๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
โผ Note
โ
User must public Telegram username
โ
Our decision is final in all case
๐ We appreciate all the active participation and are eager for more exciting events in the future!
๐ถ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter | Discussion
๐ We will announce the winners real soon after summarizing the data. Stay tuned for the result.
๐ฅ Top 1: 25 USDT
๐ฅ Top 2: 20 USDT
๐ฅ Top 3 : 15 USDT
๐ Top 4-5: 10 USDT/ each
๐ Top 6-9: 5 USDT/ each
๐ We appreciate all the active participation and are eager for more exciting events in the future!
Website | Telegram | Substack | Twitter | Discussion
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As we gear up for new projects and launches, weโd love to hear from YOU! What's the biggest game-changer for you in blockchain tech? Cast your vote and shape the future!
Anonymous Poll
41%
Higher APY & Passive Income
38%
Real-World Asset Access
38%
Exclusive Airdrops & NFTs
13%
Enhanced & Better Security
16%
Cross-Chain Solution
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