Altcoin Season Begins! 3 Cryptos That Will Surpass ETH in 2024
SOL: The Rising Star of Altcoin Season with Promising Growth Potential
Solana is a powerful blockchain platform designed for high-speed transactions and scalability. With its native cryptocurrency, SOL, the network offers a solid foundation for decentralized apps. Solana’s unique architecture allows for faster and more flexible development compared to competitors like Ethereum and Cardano. This makes SOL an attractive choice for developers and investors. As the market trends bullish and altcoin season heats up, SOL’s role in supporting the Solana ecosystem makes it a strong contender with significant growth potential.
SUI: A Game-Changer for Blockchain with Immense Growth Potential
SUI is a revolutionary blockchain platform designed for the global market. It boasts powerful, secure, and scalable technology foundations. Utilizing a unique object-centric model and the safe Move programming language, SUI solves common blockchain issues. User experience is top-notch, thanks to features like zkLogin and sponsored transactions. These make interacting with the blockchain easier and more appealing. With its focus on accessibility and innovation, SUI looks very attractive in the current market cycle. This coin could see bullish growth and thrive in an altcoin season.
Kaspa’s Unique PoW Approach could Spark the Next Altcoin Season Boom
Kaspa, a proof-of-work cryptocurrency, uses the GHOSTDAG protocol to allow multiple blocks to coexist instead of discarding them. This makes the Kaspa blockchain, or blockDAG, faster and more efficient. Currently, it processes one block per second, with ambitions to reach 10 or even 100 blocks per second. Features like Reachability, Block data pruning, and SPV proofs show strong tech backing. With future support for layer 2 solutions, Kaspa could be a game-changer. Its innovative approach and ambitious goals make it an attractive option in the current market cycle.
Recent reports indicate that Ripple whales have purchased 390 million XRP tokens.This accumulation has raised hopes that an XRP price recovery could be on the horizon. While this Ripple whales activity is interesting, a new altcoin is positioned to deliver even more gains, especially from its ongoing presale. WallitIQ (WLTQ), currently trading at just $0.0171, has shown incredible potential. #WeAreAllSatoshi #Trump2024
PEPE is all set to get its long-awaited listing on Coinbase as Paul Grewal confirmed it through an X post. Interestingly, PEPE’s listing on Coinbase was announced within an hour of the news that it was getting a listing on Robinhood as well. Notably, PEPE enthusiasts have been asking Coinbase to list the “frog” for more than a year and a half. Pepe Coin price has skyrocketed and is currently trading at $0.00001854, up over 48% in the past 24 hours and the 24-hour trading volume for PEPE soared to $10.66 billion. The meme coin’s market cap jumped to $7.87 billion. #btc70k #trump
Starting with SUI, regarded as a potential Solana Killer, which is slowly inching closer to its main competitor, Ethereum. SUI is trading at $3.05 and has increased by 300% since the year to date. In the daily chart, it has surpassed the 1.618 Fibonacci level and gives a retest with an evening star pattern.
GRASS
GRASS is a new decentralized application. This decentralized app allows users to share their unused bandwidth for incentives. The network allows bandwidth sharing after allowing verified institutions and rewards the users directly for their online services.
Peanut the Squirrel (PNUT)
The new meme coins are finding a favorable environment to scale higher in the growing meme coin market. As a newly launched meme coin, PNUT has increased significantly since its release. Starting at $0.1047, it has increased by nearly 1000% and is currently trading at $1.2570. With its recent listing on Binance, the meme coin has hit the jackpot of community hype.
In an interview given to a prominent media house, Antony Pompliano, the founder and CEO of Professional Capital Management, expressed hope that Donald Trump, the new president-elect of the United States, would redefine how the country approaches the cryptocurrency market. He also made certain striking revelations. Let’s dive in to learn more. Read on! Trump’s Bold Bitcoin Move During the election campaign itself, Republican leader Donald Trump promised that he would establish a pro-crypto environment if elected. He made some aggressive statements against the Democratic party for the handling of the key issues faced by the crypto sector, especially criticising US SEC chairman Gary Gensler. Highlighting Donald Trump’s love for Bitcoin, Pompliano portrayed him as a pro-Bitcoin president. He emphasised the promises made by Trump related to the protection of the rights of crypto investors, particularly Bitcoin investors. Crypto markets are experiencing a dip today, driven by a mix of regulatory fears and market corrections. Read more here to find out why crypto is down today. Creating a Bitcoin Reserve There are rumours that Donald Trump has a plan to create a national Bitcoin reserve soon. Earlier, some close to Trump hinted at the possibility for the BTC reserve. Speaking about the rumoured plan for the reserve, Pompliano asserted that Trump would create the national Bitcoin reserve within 100 days. BTC Growth Outpaces US National Debt In August, the US government debt was 35.3M USD Million. By October, it reached a peak of 36M USD Million, marking a 1.98% growth compared to August. During the same period, the Bitcoin market climbed at least 7.58%. In the last 30-days alone, the market has seen a rise of over 35.4%. Since November 5, the day of the US presidential election, the market has displayed a surge of 27.51%. #donaldtrump #Bullish2025
The post Dogecoin Price Analysis: Bull Run Targets $0.50 This November?
With a new 52-week higher formation at $0.4389, last seen in May 2021, the Dogecoin price rally is gaining momentum. Dogecoin’s market cap exceeds $53B, accounting for nearly half of the meme coin’s market cap, $110B.
However, a pullback in Bitcoin results in a minor step back in the DOGE price. Will this pullback result in a bearish reversal in the biggest meme coin?
Ripple’s native token, XRP is making waves in the cryptocurrency realm after Donald Trump won the U.S. presidential election. With this notable rally and bullish outlook, XRP has now reached a level where there is a high possibility it could skyrocket in the coming days. #Trump2024 #btc70k
The Bitcoin bull market continues to build momentum, with analysts identifying a rare breakout opportunity that mirrors the price action of gold. This could offer a glimpse into Bitcoin’s next price movement, especially as a major short squeeze unfolds. At the time of writing, Bitcoin is trading above the $85k price level. $BTC #btc70k
The post Breakout Alert! Dogecoin $DOGE Could Soar by 50%.
Following an impressive 46% rally in recent days, Dogecoin (DOGE) has been making waves in the crypto landscape. It now appears that the meme coin is poised for another massive rally in the coming days, as it has formed a strong bullish price action pattern on its daily time frame.
Bitcoin smashed its previous record to briefly surge past a new peak of $75,000 as Donald Trump is all set to become the 47th President of the United States. #Trump2024 #btc70k
Fidelity International has just listed its Physical Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange. This means the ETP will track Bitcoin’s price movements and is fully backed by actual Bitcoin. 🪙
This is a big deal because it gives professional investors in the UK a regulated and secure way to invest in Bitcoin. 📈 The Financial Conduct Authority (FCA) recently allowed exchanges to create a market segment for crypto asset-backed Exchange Traded Notes (cETNs), which are available only to professional investors.
What do you think? Will this move encourage more institutional investment in Bitcoin? 🚀
Dogecoin (DOGE) Hits $1.09 Billion in Trading Volume: Is a Bull Run on the Horizon?
The post Dogecoin (DOGE) Hits $1.09 Billion in Trading Volume: Is a Bull Run on the Horizon? appeared first on Coinpedia Fintech News Dogecoin (DOGE), the meme-inspired cryptocurrency that originally gained fame for its Shiba Inu logo, has experienced an impressive 146% increase in trading volume. In just 24 hours, the token’s trading volume surged to a remarkable $1.09 billion.
This sharp rise reflects a growing interest from investors, as Dogecoin continues to attract attention with its playful charm and strong community support.
Dogecoin Trading Volume Surge Dogecoin (DOGE) is making headlines with an impressive $1.09 billion in large transactions over the past 24 hours. This spike in activity, amounting to around 8.61 billion DOGE, signals growing interest from big investors and institutions.
This surge comes at a time when the broader crypto market is facing a downturn, with Bitcoin’s recent drop and speculation about potential sales of U.S. government-held cryptocurrencies adding to the uncertainty.
While Dogecoin enjoys increased transaction volume, it’s also feeling the effects of the current market decline. Bitcoin’s recent fall to about $65,000 has influenced the entire crypto space, including Dogecoin, which has been on a losing streak. Over the past four days, Dogecoin’s price has dropped, though it recently showed some signs of bouncing back.
Is Bull Run Near?
Meanwhile, crypto trader Kevin believes the bullish rally might be nearing, based on the latest Dogecoin/Bitcoin chart. He pointed out a recent bullish signal from the 3-day Moving Average Convergence/Divergence (MACD) indicator, which previously led to a 100% surge for DOGE against BTC within 60 days.
The SEC’s recent decision to withdraw its request to classify Solana (SOL) as a security in its lawsuit against Binance has sparked confusion. Despite this move, industry insiders, including Jake Chervinsky from Variant Fund, argue there’s no reason to believe the SEC has shifted its position on Solana.
With SEC updates and possible ETF on the horizon, will SOL regain its bullish rhythm? Dive in!
SEC’s Crypto Politics
Jake Chervinsky, chief legal officer at Variant Fund, stated on X, that there is no indication the SEC now considers Solana a non-security. He noted that the SEC’s recent court filing, which no longer seeks a verdict on the security status of certain tokens, has led some to believe the regulator is softening its stance. However, Chervinsky and other crypto insiders argue that this interpretation is likely incorrect.
Misinterpreting the Filing?
Miles Jennings from a16z Crypto and Justin Slaughter from Paradigm concur that many are overinterpreting the SEC’s filing. Slaughter emphasized that the filing does not imply the SEC has decided Solana and other tokens are not securities. Jennings highlighted that the SEC faces significant challenges in proving these tokens are securities under the Howey test, especially in the Binance case.
Meanwhile, Judge Katherine Polk Failla in the Coinbase lawsuit appears more supportive of the SEC’s position.
SOL’s Performance
Post the news, Solana’s price dropped by 5% to about $182 on a day when the entire crypto market fell by nearly 3%. However, SOL has gained 5% over the past week and 25% over the past month. Despite a surge that briefly pushed Solana to 4th rank by market cap last week, its rank has slipped back to 5th. However, overall it’s up an impressive 670% over the last year. What’s Next for Crypto? $SOL $BTC $ETH
Kraken Faces Criticism Over Rejecting $BTC Payouts to Creditors
Kraken, a prominent crypto exchange, is facing criticism due to the rejection of Bitcoin (BTC) payouts to creditors involved in the Mt. Gox bankruptcy proceedings.
According to several posts on the Mt Gox insolvency subreddit from users affected by this issue, Kraken has repeatedly informed them that their account verification levels are insufficient to process the Bitcoin transfers. Adding to the confusion, the link provided by Kraken for verification details leads to a message indicating delays due to high volumes of verification requests from creditors. This has further aggravated the situation for those expecting a timely resolution.
BITCOIN moving between the 2 zone as mentioned, price rejecting or faking out either side but still inside it. Well, recent price action shows weakness in price which might push the down to the support zone. Well, its the matter to time to see the Weekly closing, as it will decide the next move for the next week. As mentioned next week will be volatile, so be careful with your positions and new entries.
Doubts over the ETFs' approval contributed not just to Bitcoin's fall but to that of crypto-related stocks. Coinbase Global fell 4.25% in early trading to 150USD, while shares of Bitcoin mining companies Marathon Digital Holdings and Riot Platforms fell 2.5% and 5.2% respectively.