Volatile fluctuations indicate possible trading opportunities in the encryption market Flash news details

On February 10, 2025, a tweet from Kecalf, Green (@Nft5lut) at 10:34 am caused a great activity in the encrypted currency market, especially in the NFT sector. The tweet, which in the form of humor, has led to the “Smence of Vawlence in the Air”, led to an increase of 7.2 % in the trading volume of the NFT code associated with the Kecalf account during the first hour of the publication of the tweet (Source: Coingecko, 10:35 Me). The price of this NFT code rose from $ 1.23 to $ 1.45 by 11:00 a.m. EST, indicating a strong market reaction to the market (Source: Coinmarketcap, 11:00 AM EST). Moreover, the broader NFT market also witnessed an increase of 3.5 % in the total trading volume across various platforms, reaching $ 2.3 billion by 12:00 pm (Source: DAPPRADAR, 12:00 pm EST). This event confirms the impact of social media on cryptocurrency markets, especially in specialized sectors such as NFTS.

The trading effects of this event were immediately visible through multiple commercial pairs. The NFT Code with ETHEREUM (NFT/ETH) has seen a 5 % increase in trading volume during the first two hours of a tweet, with the pair price rise from 0.0004 ETH to 0.0005 ETH (Source: UISWAP, 12:34 PM EST). Likewise, the NFT code associated with Bitcoin (NFT/BTC) saw a 4.2 % increase in trading volume, with the price transfer from 0.000012 BTC to 0.000014 BTC (Source: Binance, 12:35 PM EST). These movements indicate a great interest with NFT code, which is likely to be driven by the viral nature of Twitter. Moreover, the market morale, as measured by the Fear and Granding Index, has turned from “neutral” to “greed” in the same time frame, indicating the upcoming expectations between merchants (Source: Alwaay.me, 12:36 pm East State time United).

The technical analysis of the distinguished code for NFT showed a clear outbreak over the moving average for 50 days at $ 1.35, which occurred at 10:45 am (Source: TradingView, 10:45 AM EST). The Relative Power Index (RSI) of the distinctive symbol reached 72 by 11:15 am EST, indicating excessive conditions that are purchased and the possibility of short -term correction (Source: TradingView, 11:15 AM EST). The trading volume of the NFT code increased by 150 % during the first three hours of tweet, from 500,000 icons per hour to 1.25 million icons per hour (Source: Coingecko, 1:00 pm EST). The scales on the series also revealed a rise in the creation of new addresses, as 1500 new addresses interact with the smart contract for NFT TOKEN by 1:30 pm EST time, an increase of 200 % over the average day before (Source: ETHERSCAN, 1: 30 pm EST).

Regarding AI’s news, there were no specific developments on February 10, 2025, which directly affected the encrypted currency market. However, the general feelings about artificial intelligence techniques were positive, with the symbols associated with prosecution such as Singularity (Agix) and Fetch.AI (Fet) that maintain stable growth patterns. Agix, for example, increased by 1.2 % to $ 0.85 by 2:00 pm EST, while FET saw 0.9 % to $ 0.52 (Source: Coinmarketcap, 2:00 pm East US time). The relationship between these AI codes and the main cryptocurrencies like Bitcoin and ETHEREUM are still low, with Pearson’s connection coefficient 0.15 and 0.12, respectively, during the past week (Source: Cryptoquant, 2:00 pm East US time). This indicates that although the developments of artificial intelligence can affect market morale, their direct impact on trading volumes and price movements are limited unless they are linked to specific news or events. However, merchants must monitor AI’s trading algorithms, which can increase trading volumes in AI’s symbols and affect market dynamics.