Today’s cryptocurrency news is really fun, with South Park taking another swipe at the crypto degenerates. The story of the new episode of South Park focuses on children who launch a fake crypto token to carry out a pump and dump scheme.
It’s comedy gold for viewers, but for those who trade cryptocurrencies, especially meme coins, it’s uncomfortably close to reality. While the jokes are circulating, the price of Bitcoin is quietly holding above $110,000, surpassing October lows and hinting that a recovery may already be underway in the fourth quarter.
Satire aside, the market itself seems to be writing a different kind of punchline: when everyone is doomed to post the current price, Bitcoin starts winning again.
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South Park Crypto hits a nerve: the ugly truth
The South Park crypto parody doesn’t exaggerate much. It reflects what we have really seen this year. Quick memecoin releases, internal exits, and short-lived hype. Cryptocurrency conversations show half the community laughing, calling them “too accurate,” but reality hits. Is this what the cryptocurrency market has become today?
Unsurprisingly, a handful of Solana meme coins appeared within hours of the episode airing, including one called SPSN, which attracted curious buyers before most realized the setup screamed “pull the rug.”
NEW: South Park Kids Launch Crypto Memecoin Scam and It’s Really Accurate
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(@AutismoCapital) What’s interesting is how Bitcoin’s price action feels like the opposite of that chaos. BTC bounced around 1.4% this week, staying above its 50-day moving average near $105,000, a strong level.
Historically, October declines do not always extend into November. According to the data, November is the best month for Bitcoin, and its price saw a 451.2% increase in one month. While October is usually a good month for Bitcoin, the usual “uptober” pump level is never percentage-wise better than November.
(fountain – curve)
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Bitcoin price may have bottomed and Q4 rally may have begun
Technical charts suggest that Bitcoin price may have already bottomed around $106,000. The RSI briefly fell to 45 before rebounding, a textbook oversold reversal. On top of that, the MACD just crossed bullish, echoing setups that initiated major rallies in 2020 and 2023. Analysts following current crypto news trends see potential for a push towards $120,000 once volume bidding takes place.
(fountain – TradingView)
And, oddly enough, the South Park crypto episode could indicate that sentiment is taking a turn. Whenever mainstream television starts poking fun at scams, it usually means the worst excess is behind us.
The Bitcoin network hash rate remains at an all-time high, suggesting deep underlying strength. After a difficult October, history suggests that November often flips the script.
This time, the data points to a big rebound, not another crash.
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Solana Price Prediction: Does Solana’s Strong On-Chain Activity Indicate a Bitcoin-Style Breakout in the Future?
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Bitwise Chief Investment Officer Matt Hougan says Solana’s price could follow a similar path to Bitcoin over time. He argues that both assets can benefit from the same broad forces shaping the digital stock market.
Hougan outlined two key factors behind Bitcoin’s valuation. First, the stock market continues to grow as investors look for alternatives to traditional assets.
Second, Bitcoin could capture a larger share of that market as it matures. Hougan said that if the market simply doubled and Bitcoin maintained its current share, its price would likely rise in line with that expansion.
If Bitcoin’s share rose to 50% similar to gold’s position, he believes the price could reach around $6.5 million per coin.
He said the same logic could work for Solana. In his view, the chain now serves as a base layer for real-world stablecoins and tokenized assets, areas he believes could grow many times over from here. Hougan has also argued that new US exchange-traded products could help Solana reach new highs.
Bitwise launched its SOL spot ETF on October 28 under the symbol BSOL. Grayscale released its own version the next day, billed as GSOL.
The two funds raised around $154 million in their first sessions. Together, they now manage approximately $439 million in SOL exposure, or about 0.4% of the token’s circulating supply.
Read the full story here.
ZEC Crypto: Can Zcash Halving Push ZEC Price Over $1000 in Next Altcoin Season?
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The momentum behind the Zcash cryptocurrency is unmistakable, as the ZEC token has risen at a rate of more than 10x in recent weeks and has surpassed the $400 mark. With privacy protocols back in favor and speculation surrounding a major halving event, ZEC’s price rally has become a focal point for FOMO-driven traders and savvy investors looking for the next wave in altcoin season.
Is Zcash just catching on, or is this the setup all ZODLers have been waiting for for over 4 years?
Read the full story here.
The Crypto News Post Today, November 1: South Park Crypto Memecoin Scam Trends as Bitcoin Price Reverses | Q4 Rally Starts Now? first appeared on 99Bitcoins.
