Crypto News October 31: Bitcoin will hit $ 168,000 by year-end with Cardano, Dogecoin, Squid Game, Shiba Inu, and Blockchain Monster Hunt

Assuming that Bitcoin could reach $ 168,000 by the end of 2021, many investors in the Squid Game have been unable to withdraw their funds. Here are some highlights from the crypto market.


Bitcoin news

Fundstrat co-founder Tom Lee has announced that BTC will peak at $ 168,000 by the end of the year, according to the company’s analysis.

In his recently published report, he noted that after the launch of several Bitcoin ETFs in the US, bitcoin will continue to rise.

This Wall Street strategist has long been bullish about Bitcoin. He previously predicted that BTC would hit at least $ 100,000 by the end of 2021, and now he’s increasing his expectations for Bitcoin.

According to the report, the Bitcoin futures ETFs currently trading in the US will be the main upside driver.

Fundstrat expects the ProShares Bitcoin Strategy ETF and a host of other funds to see record inflows in their first year of trading.


News Cardano

This month, the IOHK team, led by Charles Hoskinson, traveled to Africa to meet with business people and politicians to accelerate Cardano’s growth.

Hoskinson and the team visited the Ethiopian Ministry of Education to oversee the student certification system, first mentioned in August.

The enrollment system is designed to transfer the academic records of 5 million students, such as information, attendance and grades, to the blockchain to collect data and provide a digital identity system.

Hoskinson told Bloomberg that this was the beginning of the program. The aim was then to use this design as a springboard for the introduction of the national ID system in the country. That number will grow to 110 million users.

Cardanos Project Catalyst provides dcSpark with funds to improve the ecosystem.

On October 29th, an ecosystem builder announced that not one but all of their proposals had been funded thanks to Catalyst.

dcSpark, the developer of the crypto ecosystem, announced that Project Catalyst members have voted to allocate a total of $ 165,000 for proposals, including a recovery handler and multi-signature system for bridges [EVM] and standards for cross-chain movement of assets.

Dogecoin news

According to the on-chain data tracking data service Blockchair, the daily circulation of Dogecoin significantly reduced after hitting a three-month high on October 29th. The main cause could be the price movement of the Memecoin.

The increased network activity resulted in a large volume of transactions in the market, including a 43% price increase. Immediately after hitting a three-month high, Doge fell nearly 12%.

With the high volatility of the market, more and more investors and traders are starting to move their digital assets from exchange wallets to personal wallets and vice versa. With stable prices and continuously decreasing volatility, market participants tend to “leave” their funds on exchanges or wallets without transferring them, which leads to a decrease in daily circulation.

Squid Game News

Many people who invested in Squid Game Token were unable to withdraw their money, then were shocked to realize that it was an internet scam.

The SQUID token appeared in various media around the world this week. However, it delivers what people don’t expect.

After gaining more than 110,000% in less than a week, investors were unable to sell their tokens.

Token is number 2905 in the market, but Coinmarketcap has also launched warning about the high risk of investing in this token.

News Shiba Inu

Whistleblower Edward Snowden has issued a warning against the Shiba Inu.

In a recent tweet, the former National Security Agency adviser warned his followers not to invest their money in a “dog clone.” He considers the proportion of participants with outstanding returns to be quite low.

Blockchain messages monster hunt

Blockchain Monster Hunt (BCMC) became introduce Ambros uses the EVM chain to optimize its internal gas charges.

Ambros is an EVM chain for the gaming industry, designed to optimize the gas tariff problem of other blockchain networks and linked by a bridge to the project’s existing multi-chain ecosystem.

Ambros Testnet will be released with the Open Beta on November 8th, Mainnet will be released in the 2nd quarter of 2022.

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