Cryptocurrency Adoption Rising in Turkey
According to research, crypto adaptation continues to rise in Turkey. It was stated that the adoption of crypto assets has increased from 40% to 52% in the past year and a half. According to the statement, our findings clearly show increased adoption and interest in Turkey, mainly due to the depreciation of the Turkish Lira and inflation.
MakerDao Introduces Endgame
MakerDAO has reached the final stage of its multi-step “Endgame” plan designed to create a series of independent subDAOs living within the larger ecosystem. MakerDAO co-founder Rune Christensen shared that the final phase of the Endgame project will be a re-implementation of the entire Maker protocol built on a new independent blockchain called NewChain. Christensen said the move would make the ecosystem more secure and efficient. Christensen also stated that the Solana codebase should be considered as the foundation for NewChain, and that the Solana codebase holds the most promise in this space.
500 MKR Sale from Vitalik
The Ethereum founder recently sold 500 MKR, demonstrating market distrust. With this move, Buterin influenced the Maker investment and price movement. Vitalik sold 500 MKR for 350 ETH and this was his first MKR move in 2 years.
Shiba INU Developer Announces Major Enhancements
Kaal Dhairya, one of the developers of Shiba-Inu, shared a blog post with the community about important improvements. The blog post congratulated ShibArmy on reaching 1 million wallets and 1 million transactions, and then shared information about improvements. Dhairya was primarily the launch of Blockscout explorer. Dhairya, who shared the approved WBONE contract addresses in the continuation of the statement, announced that they are working with third-party bridges for Shibarium and that they will bridge many tokens to Shibarium.
Record NFT Production at Solana
Ultra-low-priced compressed NFTs on Solana reached a record mintage. The total number of NFTs produced in August was 15.6 million, a record high. Compressed NFTs, totaling 78 million, also outpaced uncompressed NFTs, reaching 55.62% of the total and contributing 21.5% of Solana NFTs’ monthly sales volume. Only 82 SOLs were paid for this large production in August.
BITCOIN(BTC)
Bitcoin is priced at $ 25,936 with a 0.14% gain in value as of today morning hours. The slow decline in Bitcoin, which started after the data on Friday, accelerated considerably afterwards, bringing the price down to 25,400. The fact that there is such a negative pricing and such a low volume in crypto assets despite the Ripple and Grayscale lawsuits being won is also unsettling in terms of price action. We can say that the macroeconomic calendar is not busy this week and sudden domestic news may have a great impact on price movements.
ETHEREUM(ETH)
ETH, which lost 0.02% as of morning hours, is priced at $ 1636. In Ethereum, we see that the 1645 region is working as a selling zone while the weekend was passed in very low volume and movement after the drop to 1625. We can say that 1580 in the downward breakdown and 1660 in the upward breakdown will be important, and the main critical region in the upward movement will be 1700 dollars.
RIPPLE(XRP)
XRP is priced at $0.50934 with a 0.93% gain as of morning hours. After returning to 0.4860 support with the fall in XRP over the weekend, we face selling pressure in the 0.51 region, which was previously the support of the horizontal movement. If this point is broken, we can say that the new price target will be 0.53 and then 0.55.
AVALANCHE(AVAX)
AVAX is priced at $ 9.89 with a 0.10% gain as of morning hours. After falling below $10, AVAX broke the 9.90-10 range and tested the 9.75 region three times. Although it remained above this zone afterwards, we would like to say that the picture was not good in AVAX. While it can be considered as a buying opportunity for long-term investors, we can say that AVAX will not be a very good choice in the short term.
SOLANA(SOL)
SOL is priced at 19.70 with a gain of 0.61% as of morning hours. We see that Solana is trying to remain strong in the re-test after the upward breakout of the ascending triangle seen hourly in Solana. However, the movement in the coming hours in Solana, which is below the 19.70 level for now, will be very important in terms of technical outlook. If the breakout is confirmed by the re-test, 20.20 could be targeted on Solana.
CHAINLINK(LINK)
LINK, which gained 0.91% as of morning hours, is priced at 6.08. After we see positive divergence with positive news flow in LINK, we see that the 6.00-6.05 range, which works as a support zone in the long term, has been broken and although it cannot continue its rise, it gives a strong image. At the same time, we can say that LINK, which managed to stay positive here by rising above the $ 6 support, which broke down on the long-term chart, is one of the projects with the most positive image against the bad image of the market.
MAKER(MKR)
MKR is pricing at $1093, down 3.36% as of morning hours. Vitalik’s selling at a time of positive divergence in MKR reversed the picture. MKR returned to the 1090-1100 zone, losing 8% from the top on the 4-hour bar while testing the 1180 resistance. MKR breaking this zone and staying below 1070 may signal a continuation of the negative price action. We can say that the most important situation here will be to stay above the 1090-1100 range.
