📌 Top 7 popular tokens today. CoinGecko has published the | TopCryptoNews on Binance Square

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📌 Top 7 popular tokens today.
CoinGecko has published the 7 most popular tokens today:

1️⃣ enqAI (ENQAI);
2️⃣ Sui (SUI);
3️⃣ Bittensor (TAO);
4️⃣ dogwifhat (WIF);
5️⃣ Hamster Kombat (HMSTR);
6️⃣ Moo Deng (MOODENG);
7️⃣ Bonk (BONK).

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SUI

3.4196

+4.97%

BONK

0.00003696

+0.95%

HMSTR

0.003884

+1.38%

3.8k

0

Replies 0

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⭐️ XRP’s Robinhood Debut Propels It to $0.75 Year to Date High Ripple’s XRP has witnessed a significant price surge following its Wednesday listing on the popular trading platform Robinhood. This has propelled the XRP token price to a new year-to-date high of $0.75, and it now appears poised to hit new highs before the end of the year. Here is why. 🔸 Ripple Rallies, Thanks To Robinhood Robinhood’s crypto division expanded its offerings on Wednesday, adding support for XRP and several other altcoins. For example, the platform also relisted Solana (SOL) and Cardano (ADA) for US customers, reversing last year’s regulatory-driven delistings. This listing fueled buyer demand for XRP, pushing its price to a new year-to-date high of $0.75 during the intraday trading session. Although it has since corrected by 7%, the bullish bias toward the altcoin remains significant. At press time, XRP trades at $0.70. At its current price, XRP trades above its Ichimoku Cloud. BeInCrypto’s analysis of the XRP/USD one-day chart shows this could be the first sustained rally above the cloud in over a month. The Cloud is an indicator that tracks the momentum of an asset’s trends and identifies potential support/resistance levels. When an asset’s price stays above the cloud, it signals a strong bullish trend, indicating that buyers dominate and market sentiment is positive. Moreover, traders typically confirm the trend by looking at the Conversion Line (blue) and Base Line (red). If both are above the cloud and moving upward, it reinforces the bullish outlook. As of this writing, this is the case with XRP, confirming the market’s uptrend. Further, XRP’s rising Chaikin Money Flow (CMF) indicates the strengthening demand for the altcoin. At press time, this stands at 0.28. This indicator measures money flows into and out of an asset. When its value is above zero, buying pressure outweighs selling activity among market participants. #XRP #Ripple

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🔥 SUI Mirrors Solana’s Bullish Path, Could It Outshine SOL in This Cycle? SUI’s price has soared over 500% in 3 months, with its growth trajectory resembling Solana’s historic breakout pattern. Surpassing 6 billion transactions and $2 billion TVL, SUI’s ecosystem is thriving, fueled by top projects like NAVI, SuiLend, and Deepbook. With bullish momentum, SUI’s breakout from the accumulation phase hints it may follow Solana’s rapid growth path in this cycle. SUI, a cryptocurrency gaining popularity on Binance, is witnessing an upward trajectory. Since the August dip, SUI’s price has surged over 500% in just three months, capturing the attention of investors. Analyst MartyParty and Route 2 FI, suggest that SUI’s current cycle is similar to Solana’s historic growth pattern. This resemblance has fueled speculations about SUI’s future growth, with many expecting it to outperform SOL in this cycle. 🔸 SUI’s Performance and Rising Ecosystem Activity Besides price gains, SUI’s ecosystem metrics continue to strengthen. The network recently surpassed 6 billion transactions and achieved over $2 billion in total value locked (TVL). Notable projects contributing to this growth include NAVI, SuiLend, Aftermath, Scallop, and Cetus, which rank among the top five most active applications within the ecosystem. Moreover, SUI has recorded impressive net flow volumes, even surpassing both Solana and Ethereum in several instances. This activity shows a rising interest in the SUI ecosystem, bolstering investor confidence and market sentiment. Additionally, SUI’s DeFi infrastructure, supported by Deepbook, saw substantial traction following the launch of the $DEEP token. The token surged over 400% shortly after its launch, reflecting robust demand and optimism around SUI’s DeFi potential. This success has attracted more attention to SUI, marking it as one of the best-performing assets of the current cycle. #SUI #SuiNetwork

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🇨🇳 China May Reconsider Crypto Ban Amid Trump’s Pro-Crypto Policies HashKey’s Xiao Feng says Trump’s crypto-friendly policies could push China to re-enter the digital asset market. Trump appoints Elon Musk and Vivek Ramaswamy to lead a new tech-focused government department, signaling a pro-crypto stance. Recently, HashKey Group Chairman Xiao Feng created ripples in the digital asset sector by speculating that Trump administration measures endorsing cryptocurrency would inspire China to reactivate its digital asset market within two years. Feng pointed out that Western sanctions—particularly the isolation of Russia from the SWIFT payment system in 2022—may also force China toward quickening its stance on crypto Feng claims that the latest Trump initiatives show a proactive and forceful sentiment toward advancing the crypto sector in the United States; thus, China could have to rethink its stance and start reentering the digital asset market. NEW: Hashkey Group CEO Xiao Feng suggests that Trump’s pro-crypto 🇺🇸 US administration could push 🇨🇳 China to consider easing restrictions on #Bitcoin and digital assets. #Crypto #China China’s Crypto Stance Faces Global Pressure Amid U.S. Policy Shift The possible change in China’s stance coincides with notable global interest in crypto following the electoral triumph of Trump. Trump’s comeback to power and the acceptance of blockchain and crypto technologies by his government have set people debating China’s reaction. China banned trading and mining crypto strictly in 2021, but Feng thinks these U.S. policies might set off a chain reaction that causes China to change its austere stance. China’s previous prohibition on crypto mostly aimed at decentralized finance and speculative trading, but Trump’s strategic drive could force China to investigate reopening areas of its digital asset market in order to stay competitive in the world financial space. #BTC

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⭐️ Elon Musk Praises Dogecoin Inflation Rate: 'Feature, Not a Bug' Elon Musk isn’t backing down when it comes to Dogecoin. The world’s richest man and soon-to-be U.S. government employee said on Twitter (aka X) that the joke cryptocurrency’s inflationary model is a “feature, not a bug.” He was responding to Dogecoin co-founder Billy Markus’ tweet explaining to developers how to adjust the asset’s tokenomics. I think the flat inflation of Dogecoin, which means decreasing percentage inflation, is a feature, not a bug— Elon Musk (@elonmusk) November 13, 2024 Unlike Bitcoin or Ethereum, Dogecoin—the sixth-biggest cryptocurrency with a market cap of $56 billion—has an infinite supply limit with 10,000 new coins minted every minute. That's about $3,850 worth. Because it's a fixed number of coins, the percentage it represents of the total supply gradually falls over time. Markus was telling the Dogecoin community how to get other developers to vote on changing the coin’s tokenomics. It had clearly a point of contention, as Markus added: "You can change it right there, make a pull request [and] convince the community and miners to use the new version. Now stop fucking bothering me about it." But Tesla CEO Musk replied in support of the feature as it currently exists, writing: “I think the flat inflation of Dogecoin, which means decreasing percentage inflation, is a feature, not a bug.” Markus responded in agreement, saying that he believed Dogecoin’s model made it “ideal for something intended as a currency.” 💬 I agree that it is ideal for something intended as a currencysteady predictable inflation with a percentage that goes downmuch much lower than the dollar — Shibetoshi Nakamoto Dogecoin inflation has been a hot topic in the past: Billionaire entrepreneur and crypto enthusiast Mark Cuban said back in 2021 that the original meme coin was useful as a payment method precisely because of its seemingly strange tokenomics. #ElonMusk #DOGE

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📣 Bitcoin spot buying outpacing futures despite leverage hitting ATH Bitcoin (BTC) perpetual contracts denominated in Tether USD (USDT) show signs of overleveraging, with “open interest to USDT reserve ratio” reaching an all-time high at 0.593 on Nov. 10. The firm’s CEO, Ki Young Ju, said the current levels are 2.7x higher than in February when the ratio crossed the dangerous zone for the first time in 2024. Additionally, he said it is unclear how high Bitcoin will go, but there will be a painful pullback once the leverage unwinds. However, he added that he remains bullish on BTC in the long term. Bitcoin registered a new all-time high of $93,523.65 in the few hours following CryptoQuant’s CEO post. The movement was quickly followed by a 5% correction, with BTC’s price currently trading around $88,701.71. The results of the potential unwinding were not manifested in the correction, as the liquidations volume is still 5% down in the past 24 hours, totaling nearly $872 million, . 🔸 Healthy metrics Other on-chain metrics remain healthy despite the risk of unwinding leverage pressuring BTC’s price down. CryptoQuant analyst Martuun pointed out that retail investor demand reached a 52-month high in the past 30 days. He added: “It’s impossible to ignore that retail trading is fully back, with Dogecoin surging, high funding rates, and a spike in Google searches for Bitcoin.” Furthermore, according to a Glassnode report, the recent Bitcoin price spikes are predominantly driven by spot buyers on Coinbase’s market. The daily Cumulative Volume Delta (CVD) for Bitcoin’s spot market on Coinbase reached $143 million, nearing the $152 million peak seen in March. This movement in the US market reflects a steady rise in buyer-side pressure, reinforcing the robust demand from investors who view Bitcoin as an increasingly valuable asset. Since July, each Bitcoin rally has seen strong buy-side interest on Coinbase, signaling solid spot market demand. #BTC #Bitcoin

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