The Block: Altcoins Show Strong Resilience to Bitcoin Volatility
According to a report from The Block, altcoins have performed remarkably well following the November US election, with price gains outpacing those of Bitcoin.
Key figures: -85% of altcoins, tracked by Bitwise’s “Altseason” index, are currently outperforming Bitcoin. -Andre Dragosch, an executive at Bitwise, highlights their growth potential, supported by strong fundamentals and promising use cases.
Why the hype? 1-Diversification: Investors are turning to Bitcoin alternatives to diversify their portfolios. 2-Mass adoption: Blockchains like Ethereum and Solana continue to attract significant capital, strengthening their market position.
To follow the evolution of the market, stay tuned!
If the price breaks above $97,534.51, it could signal a bullish continuation towards the upper levels of the channel (around $100,000 and above). However, in case of rejection at this level, a pullback towards $94,581.88 or the bottom of the channel (around $91,448.59) is possible.
Supports:
The $94,581.88 level could offer a good opportunity for buyers to maintain the current uptrend. A break below would likely lead to a return to lower levels. Overall Trend:
The trend remains bullish as long as the price is moving within this ascending channel. A break below the major supports could reverse this momentum.
Next steps:
Bullish scenario: Look for a clear break above $97,534.51 with strong volume to confirm a continuation of the upside.
Bearish scenario: Watch for a break below $94,581.88, which could indicate a deeper correction.
An EIP (Ethereum Improvement Proposal) is a proposal for improvements to Ethereum. It is a tool that allows the community to suggest updates or new ideas for the blockchain. In a way, it is a detailed plan that explains what the change is, why it is necessary and how it should be implemented. These proposals allow Ethereum to adapt and evolve while ensuring a common understanding of the changes within the community.
Why are EIPs important?
EIPs allow developers and users to collaborate to improve Ethereum. They ensure that changes are well thought out, planned and validated by the community. Whether it is to solve technical problems or to add new features, EIPs ensure that the blockchain remains modern, secure and efficient.
The different types of EIPs
Here are the main types of EIPs: -Core: These EIPs concern fundamental changes to the Ethereum protocol, such as transaction processing updates or major developments such as hard forks. -Networking: They deal with communication between Ethereum clients to ensure smooth operation of the network. -Interface: These proposals concern how users and applications interact with Ethereum. -ERC (Ethereum Request for Comment): These are standards, particularly for tokens. For example, the ERC-20 defines the rules for creating fungible tokens.
EIPs play a key role in the growth and sustainability of Ethereum.
The TON Teleport BTC whitepaper has been published, introducing the fundamentals, technical architecture, and long-term vision of tgBTC. Currently in testnet, TON Teleport BTC aims to simplify the integration and use of Bitcoin within the TON ecosystem. The mainnet launch is scheduled for Q2 2025. #ton_blockchain $TON
Decentralized application (DApp) activity on Solana saw a notable surge thanks to a memecoin rally, leading to record fees and revenues. -The SOL token hit $242, nearing its all-time high, while Solana’s market cap soared to $112 billion, and transaction fees totaled $11.84 million. -Raydium, the Solana ecosystem’s leading DEX, generated nearly $15 million in daily fees, followed by Jito ($15.5 million) and Photon ($3.07 million). -Memecoins including Peanut (PNUT) and Dogwifhat (WIF) saw dramatic gains, with PNUT surging 2,700% and WIF hitting $4.19 after listing on Coinbase. -Institutional investment in Solana DApps reached $173 million in Q3, reflecting strong interest in the ecosystem despite a slight decline in transaction volume.#SolanaUSTD #SOL🔥🔥 $SOL #DeFi $SOL
On November 19, 1863, in the midst of the Civil War, President Abraham Lincoln delivered a speech of high moral standing at the Gettysburg War Cemetery.
The Gettysburg Address is among the texts that American schoolchildren learn by heart.
The price of PEPE is bullish on a weekly basis. A buy signal was validated with the closing above $0.000013, the passage above the bearish trendline and the moving averages (EMA13/MA30). The price is also benefiting from a bullish momentum with the break of the bearish trendline on the RSI…
Targets:
Fibonacci extensions 2 and 2.618 (between $0.000029 and $0.000047) Fibo extension 3.618 at $0.000103
An excellent buying location would be a return to $0.000013...
Still very late, we should reach the top of the big pattern in yellow soon and when this 8-month consolidation breaks it will be time to go for an ATH and the 1st stop will be at $5,700 ⏳
It's possible by the end of December/January in my opinion.$ETH #ETH🔥🔥🔥🔥
🟢 Medium-term bullish outlook on BOME/USDT cryptocurrency
- Daily scale 📈
-Confirmed crossing of the bearish trendline from previous highs. -Successful retest of this trendline as support. -Formation of liquidity zones validated. -Exponential moving averages 20, 50, 100 and 200 acting as dynamic supports. -Liquidity zones identified at higher levels to reach. -Gradual increase in volumes, reinforcing the potential for bullish continuation.
On November 18, 1928, in New York, the spectators of the Colony Theater discover and applaud Mickey Mouse in a seven-minute short film, Steamboat Willie.
This cartoon created by the young Walt Disney (27 years old) is the talking parody of a success by Buster Keaton, a rival of Charlie Chaplin in the cinema.
The little mouse, who was initially to be called Mortimer, was renamed Mickey at the insistence of Mrs. Disney, the wife of his creator.
The latter lent his voice to Mickey but the result was so distressing that in the film Fantasia, the mouse would become mute!
Divergence, in finance, occurs when an asset moves in the opposite direction of another market indicator, usually represented by a technical analysis indicator. Investors and traders use divergences to try to determine if a market trend is weakening, which can signal a period of consolidation or a reversal.
A simple example of an indicator that can reveal divergences is trading volume. In this case, a divergence occurs when the market price moves in the opposite direction of the trading volume. For example, if the price of an asset increases while the volume decreases, this can be interpreted as a divergence.
While divergences can exist between the market price of an asset and any other data, they are most commonly associated with technical analysis indicators, particularly oscillators such as the Relative Strength Index (RSI) or Stochastic RSI.
Divergences can be positive or negative, although they are not always present. A positive divergence can occur when the price of an asset is decreasing, but a technical indicator is showing an increase in buying strength (or a decrease in selling pressure).
A positive divergence is often seen as a bullish signal and can, in some cases, signal a reversal of the upward trend. Conversely, a negative divergence occurs when the price is increasing, but the indicator is showing a decrease in buying strength (or an increase in selling pressure).
Divergences can help traders define their entry and exit points as well as their stop-loss levels. However, it is important to note that divergences are not always visible and can also generate false trading signals; it is therefore prudent to use them in conjunction with other analyses.
On November 13, 1907, in Coquainvilliers, near Lisieux, Paul Cornu succeeded in climbing for the first time aboard a helicopter.
That day, he reached an altitude of... 1.50 meters in free vertical flight!
Two weeks earlier, in his factory in Douai, the young Louis Breguet had achieved a similar feat except that his device had to be kept balanced by four operators on the ground...
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