DOGE Analysis: 25% Drop or Potential Upside Momentum
Dogecoin (DOGE) is facing a challenge between two crucial levels, with a break of the support at $0.35 signaling a potential big drop, while a break of the resistance at $0.41 could trigger fresh upside momentum.
The Covizzella Investigation: Mr. Best and the Cryptocurrency Manipulation Allegations
• Mr. Best is accused of promoting shady coins like Super and Earnity Chain to make huge profits. • Despite his denial of collusion, the case raises ethical questions about using his influence to promote cryptocurrencies. • The investigation highlights the need for increased oversight in this area.
Solidion Technology allocates 60% of its surplus cash to buy Bitcoin. Pennsylvania plans to invest 10% of its reserves once a new law is passed. Despite the current correction, institutional support could push prices higher soon.
Jason Pezzino: ADA lacks the strength to breakout, may not reach all-time highs. Ali Martinez: ADA forecast to hit $6 by 2025 supported by bullish technical signals.
• Launchpool: Starts November 15th at 3am and runs for 4 days. • Participation: via $BNB and $FDUSD. • Listing: In Pre-Market on November 19 at 1 PM Mecca Time. Note: Take advantage of the opportunity to participate early to benefit from rewards and inclusion.
Can Cardano (ADA) Hit $5? Predictions and Warnings
Cardano has surged 44.8% over the past week amid optimism that it could hit $5 during the bull run. But analysts like Ben Armstrong warn of stiff competition from Ethereum and Solana, considering $2.50-3.50 a more realistic target.
Proposal to sell US gold reserves to buy 1 million bitcoins
Senator Cynthia Lummis is proposing to sell a portion of the US gold reserves to fund the purchase of 1 million bitcoins, with the aim of creating a strategic reserve of bitcoins without increasing the government deficit. The project faces significant challenges due to lack of support and concerns about the stability of bitcoin, while some believe that its implementation could push the price of the digital currency to record levels.
Attorney John Deaton Calls for $125 Million to Be Allocated to XRP Holders Instead of SEC After Trump Win
With Trump’s victory, hopes have risen for a change in the SEC’s approach to cryptocurrencies. Attorney John Deaton has called for $125 million held in escrow to be allocated to XRP holders affected by the lawsuit, criticizing the SEC for its regulatory overreach. Attorney James Murphy has predicted that SEC Chairman Gary Gensler will resign in the near future, potentially allowing President Trump to appoint a new chairman and opening the door to a radical change in the Ripple case.
Positive Development in Ripple vs SEC Lawsuit Boosts XRP Sentiment
Ripple has secured a significant legal victory in its XRP lawsuit after the court ruled in its favor, narrowing the scope of class action claims and setting a trial date for January 2025. This achievement strengthens Ripple’s position in the ongoing case with the Securities and Exchange Commission (SEC) where it is accused of selling unregistered securities.
This positive ruling is helping to boost XRP sentiment amid expectations of possible future settlement talks. These developments come amid anticipation of new regulatory moves that could benefit cryptocurrencies, increasing the likelihood of a market recovery.
XRP Bullish Outlook After $0.6649 Break: $1.03 Soon?
XRP saw a 24.2% surge in the past week, pushing it into the overbought zone and breaking a key resistance level at $0.6649. This breakout suggests that it could target new levels like $0.74 and even $1.03. With strong bullish momentum on the weekly and monthly charts, the bullish outlook for the coin is growing. Analyst Dark Defender expects that continued trading above $0.6649 could push XRP to make additional gains, making this level an important support point for the coin’s upcoming moves.
3AC seeks $1.5 billion from FTX over ‘illegal liquidation’
Three Arrows Capital (3AC) has filed a lawsuit against FTX, seeking $1.5 billion in damages, up from the $120 million it had previously claimed. 3AC alleges that FTX illegally liquidated $1.33 billion worth of its assets before its collapse, causing huge losses to creditors. FTX, for its part, claims that someone inside 3AC authorized the liquidation. The court is expected to hear the case on November 20.
PEPE Whale Makes Huge Profit Moving 500 Billion Tokens to Coinbase
PEPE whale moved 500 billion tokens worth $11.38 million to Coinbase to make a profit, after the coin’s price doubled and surged by 95%. The whale still holds 1.5 trillion tokens, making over $45 million in gains, with PEPE expected to reach $0.00009 by the end of 2024.
The Solan-based coin (BONK) is turning bullish after a period of stability, with expectations of a rise supported by a bullish movement pattern, trader interest, and Solana’s positive momentum. Technical analysis suggests that BONK could reach $0.00016, supported by bullish sentiment and growing investor interest.