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Tuesday, October 15, 2024

Altcoins Get Negative Sentiment from the Crypto Community: Analysis of XRP, ETH, and Solana

Top Altcoin assets are getting negative sentiment from the crypto community. This article will explain the current conditions of XRP, Solana, and Ethereum. Read the explanation until the end whether all three have the potential to increase in price.

Santiment, a crypto analysis company, stated that the crypto community is currently giving negative sentiment toward Altcoins, especially their major assets. However, this provides an opportunity for several major assets to experience price increases. Is that true?

You can see the analysis of several coins, namely XRP, Solana, and Ethereum in this article. The analysis will take the form of reading the price chart at the time this article was written so that you can get additional data to consider before buying these tokens.

Current Crypto Market Conditions

According to data from Santiment, the top 20 Altcoins receiving negative sentiment are:

Currently, the crypto market is experiencing a decline in prices for the majority of its tokens. Large tokens, such as BTC, Solana, Ethereum, XRP, and USDT price are currently in the red zone.

The size of the price drop varies, from -0.03% to Solana's -3.19%. Of course, the reason for this price decline cannot be analyzed using just one indicator because there are many factors, ranging from global economic conditions, and conflicts between countries, to the most recent release of the HBO documentary about the revelation of the figure of Satoshi Nakamoto.

XRP: Potential to Break $12?

XRP Price today it is down by -1.03% so it is trading at $0.5251. Previously, XRP was at its highest price of $0.5345 in the last 24 hours.

XRP's RSI value is below 50 so the selling trend is more dominant than the buying trend. The MACD line is also seen declining. With this data, the decline in XRP prices is natural.

However, the macroeconomic waves that are predicted to occur make XRP look positive for price increases. In fact, XRP holders and the community hope that the price of this token can reach the $12 level.

This high target price could be achieved because currently, XRP is applying for a second XRP-based ETF in the United States. If this ETF is approved, it is likely that XRP will experience a drastic price increase.

Solana: Price Rises if Trump Wins

A giant global banking company, Standard Chartered, predicts that Solana will experience a price increase of up to 5 times by 2025.

This prediction will allow Solana to outperform BTC and ETFs for its total market capitalization. And this prediction could happen if Donald Trump is elected as president of the United States for the next period.

Standard Chartered predicts that by 2025, SOL will rise 5x, ETH will rise 4x, and BTC will rise 3x. This is because the Trump administration with its regulations supports Solana more than all existing crypto assets. 

At the moment, Solana price is experiencing a decline of -3.46% and is trading at $138.05. Even though the percentage decline in SOL is greater than other major assets, the RSI value of SOL is actually at 50.62, which means the buying and selling trends are balanced.

Even though the RSI value is still positive, Solana's MACD line has dropped quite low which predicts a bearish trend could occur in the near future.

Ethereum: ETH Price Rises if Vitalik Buterin Wins Nobel Prize?

Vitalik Buterin is predicted to win the Nobel prize on October 14 as a figure who innovated a new currency. Vitalin Buterin is known as a figure who can revive the blockchain ecosystem and encourage Ethereum as a competitor to Bitcoin.

If the founder of Ethereum really gets the Nobel, Ethereum price can rise because many investors are interested in this cryptocurrency.

Currently, Ethereum is experiencing negative sentiment because its price continues to fall. An increase in the price of ETH did occur, but it did not last long and then immediately decreased again. 

You can see from the price graph above, that ETH experienced a price decline of -2.17%. Currently, the price of Ethereum is $2,382 and was previously at a 24-hour high of $2,472.

Will Ethereum be free from negative sentiment and be able to penetrate the $2,600 level as crypto analysts predict?

Conclusion

That is an explanation of the current conditions of XRP, Solana, and Ethereum. For those of you who are interested in these three coins and want to do more in-depth research, you can check them on the Bitrue website.

You can use Bitrue features for free to check the price of crypto coins and keep up-to-date on the various projects in the crypto ecosystem.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
 
This Press Release has also been published on VRITIMES

 

Instituto Cervantes’ Film Fest PELÍCULA Ends with More than 6,000 Viewers


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The 23rd edition of the PELÍCULA>Pelikula Spanish Film Festival, organized by Instituto Cervantes de Manila, concluded successfully after a dynamic week of Spanish and Latin American cinema at the Red Carpet Cinemas, Shangri-La Plaza. With over 6,500 attendees, the festival ran from October 5 to 13, 2024, offering a rich selection of different kinds of films and events that captivated Filipino viewers.

The closing weekend saw strong audience engagement, with back-to-back full-house screenings. The Festival wrapped up on 13 October with the awarding of the Premio del Público (Audience Choice Award), which went to Dani de la Orden's Casa en llamas (2024). The film, a dark comedy about a woman’s determined yet chaotic attempt to reunite her family, captured viewers' hearts. The movie has made waves in the cinematic world, bagging several national awards and becoming the highest-grossing Catalan film of all time. The recognition that this film has received underscores the importance of supporting and promoting such works, as they reflect the cultural mosaic of Spain and highlight the unique narratives that each region brings to the cinematic landscape.






Several other films garnered significant audience support and were recognized as runner-ups, including El maestro que prometió el mar, Loli Tormenta, La llegada, Cerrar los ojos, Robot Dreams, Te estoy amando locamente, Puan, Pacarrete, and La estrella azul. Each film added depth to the festival’s lineup, reflecting the diverse stories and perspectives from Spain and Latin America.

On the last day of PELÍCULA, the Festival organisers also celebrated the success of its En Corto series, a space for cultural interaction, where local filmmaker Kyla Romero presented her short film Transients alongside her cast and crew. This series offered a platform for short films that picture different facets of the human experience. Included in the line up were: Aunque es de noche by Guillermo García López (Spain), Primetime Mother by Sonny Calvento (Philippines), and La sixtina by Juan Camilo Fonnegra (Colombia).

As the festival concludes with the publication of the official Closing video (https://www.youtube.com/watch?v=enLb-3pGITM), audiences can look forward to the 24th edition of PELÍCULA>PELIKULA, scheduled for the first week of October 2025, continuing its tradition of showcasing the best in Spanish and Latin American cinema.

The 23rd edition of PELÍCULA>PELIKULA has been presented by Instituto Cervantes de Manila, Embajada de España en Filipinas, Shangri-La Plaza, and Red Carpet Cinemas. The festival has been held in collaboration with MTRCB, the Film Development Council of the Philippines, Teatro Real, Embajada Argentina en Filipinas, Embassy of Brazil in Manila, Embajada de Colombia en Filipinas, University of the Philippines Film Institute, De La Salle - College of Saint Benilde, CMB Film Services Inc., University of the Philippines Department of European Languages, Far Eastern University - Institute of Arts and Science, Ateneo de Manila University - Modern Languages, Meridian International College, CIIT College of Arts and Technology, Mapua University School of Media Studies, i-Academy Makati, Asia Pacific Film Institute, Kinoise PH, and SINEGANG PH. The Festival is proudly sponsored by Philippine Transmarine Carriers, Inc., Arthaland, Ayala Corporation, BOYSEN, Fundador, Terminal Six, and Barcino.

For further information on Instituto Cervantes’ activities, please visit the Instituto Cervantes de Manila website at https://manila.cervantes.es or follow Instituto Cervantes on Facebook at www.facebook.com/InstitutoCervantesManila

Miss Earth 2024: Showcasing Heritage and Sustainability in the Philippines


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The Philippines, renowned for its lush landscapes and pristine eco-tourism destinations, will once again take center stage as it plays host to the prestigious Miss Earth 2024 pageant. This year's event is set to shine brighter than ever, blending beauty and environmental advocacy under the compelling theme of "Heritage." From across the globe, Miss Earth delegates will gather to raise awareness about environmental sustainability while celebrating the rich cultural and natural heritage of their countries.

"Heritage" – A Celebration of Culture, Nature, and Conservation

The theme "Heritage" speaks volumes, inviting not only the people of the Philippines but also the entire global community to protect and preserve our collective legacy. It calls for a deeper appreciation of cultural traditions and natural wonders that have been passed down through generations. At the core of Miss Earth is the belief that preserving the environment and honoring our past are interconnected, ensuring that future generations can cherish and enjoy the beauty of both the Earth and their cultural heritage.

Exploring the Philippines’ Eco-Tourism Gems

Miss Earth 2024 promises to be an unforgettable journey as delegates from around the world embark on eco-tours across the Philippines. These visits will highlight the country’s breathtaking eco-tourism destinations, such as the stunning rice terraces of Banaue, the UNESCO World Heritage Site of the Puerto Princesa Subterranean River, and the picturesque islands of Palawan and Siargao. Through these trips, the pageant emphasizes not only the beauty of these natural wonders but also the importance of sustainable tourism practices in preserving such treasures.

Each stop along the tour will also promote the local heritage of the regions, immersing delegates and viewers in the Philippines' rich cultural history, from traditional crafts and dances to unique regional cuisines. By spotlighting both nature and culture, Miss Earth 2024 aims to inspire participants and audiences to recognize that heritage is not limited to man-made monuments, but also extends to the landscapes and ecosystems that sustain life.

Showcasing Global Heritage

Miss Earth’s global perspective means that the celebration of heritage doesn’t stop at the Philippines' shores. As one of the most inclusive and diverse beauty pageants, the event will also highlight the rich cultural heritages of the participating countries. Delegates from over 90 nations will bring their own unique traditions, languages, and cultural expressions to the stage. From the African savannas to the European countryside, the world’s most iconic and cherished legacies will be celebrated, reminding us that we all share a common responsibility to protect our planet.

A Month-Long Celebration of Beauty, Purpose, and Action

The pageant will kick off in October 2024, with a series of preliminary events streamed live across Miss Earth’s social media channels, drawing in viewers from around the world. The activities will include environmental awareness campaigns, cultural presentations, and various talent showcases. As the delegates travel across the Philippines, they will actively participate in environmental conservation efforts, such as tree planting, beach cleanups, and community outreach programs designed to promote sustainable practices.

Miss Earth stands out from other beauty pageants for its firm commitment to environmental advocacy. Throughout the competition, contestants will share their personal environmental platforms, showcasing innovative solutions and initiatives aimed at combating climate change, plastic pollution, and deforestation. These platforms will align with this year’s overarching theme of preserving both cultural and ecological heritage.

The Grand Finale: November 9, 2024

The much-anticipated coronation night will be held on November 9, 2024, and promises to be a spectacular event, blending glamour with purpose. The finals will air live on A2Z and The Filipino Channel, as well as online channels in participating countries, ensuring that millions worldwide can witness this celebration of beauty and environmental advocacy.

The finalists will showcase their grace and intelligence as they compete for the crown, with the winning Miss Earth 2024 taking on the responsibility of being an ambassador for environmental protection and sustainable development. As the world faces increasing environmental challenges, the role of Miss Earth has never been more crucial in amplifying the need for collective global action.

A Call to Protect Heritage for Future Generations

As Miss Earth 2024 reminds us, heritage is not just about the past – it’s also about the future. In honoring our cultural traditions and preserving the natural world, we ensure that future generations have the opportunity to enjoy the same beauty, richness, and diversity that we do today. From the ancient temples of Asia to the lush rainforests of South America, the legacies we protect today will shape the world of tomorrow.

Through its message of conservation, sustainability, and cultural appreciation, Miss Earth 2024 calls on all of us to do our part in protecting the Earth’s treasures. This year’s pageant will not only crown a new environmental ambassador but also inspire a global audience to take action in preserving both their local heritage and the planet.

Join the Movement

Miss Earth 2024 invites everyone to follow the pageant’s events, either in person or online, and become part of a worldwide movement to protect our environment and honor our heritage. Through the power of beauty and advocacy, this year’s Miss Earth promises to be a milestone in the fight for a more sustainable future.

As the pageant’s theme so eloquently states: Let us protect and preserve our past and present, for our future generations to cherish and enjoy.

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