XRP has seen a significant rally, rising 51.33% in seven days and an impressive 109.09% month-to-date. This strong momentum has put Ripple’s cryptocurrency in a bullish phase, with key indicators such as the EMAs supporting its rise.
However, signs of weakening in the current trend, such as a declining RSI and negative CMF, suggest that caution may be warranted. Whether XRP continues to rise or enters a sharp correction will depend on how the market reacts to these changing dynamics.

A boy got excited about the US$30,000 he made after dumping his memecoin and causing the price to plummet; but investors didn't let it go cheap.
A child created a Solana-based memecoin to scam investors on Tuesday (19) after its token hit a market value of $1 million.
Excited about the $30,000 he had just pocketed, the boy took one look at everyone watching his live stream and shouted, “Thanks for the money,” as he jumped around the room.

The kid who created a memecoin and made $30,000 did so on the Ethereum platform, using smart contracts to launch the token. He used a common approach in the cryptocurrency space, creating a low-cost token, promoting it on social media and generating hype to attract investors. This type of project is often based on memes and popular trends, taking advantage of investor enthusiasm to increase the value of the token in a short period of time. The most famous example of this type of action was that of DogeCoin, but many other tokens have followed a similar pattern, with rapid creations and temporary success.

User reported the case on social media and offered a reward to anyone who can recover the lost assets

An investor revealed in a post on X, formerly Twitter, that he lost US$25 million (R$144 million, at the current exchange rate) in cryptocurrencies. However, the assets were not stolen. In fact, the user himself was responsible for the loss after making a million-dollar mistake.
The user, who did not reveal his name, revealed that the error occurred when he was going to transfer ezETH token units, which correspond to the same amount of ether units that are blocked by the user in the Renzo project.

As meme season enters into full swing, Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have all seen massive gains. Judging by current market sentiment, they are just getting started.
However, Rollblock, a newcomer to the Web3 gaming space, can surpass them all, thanks to its innovative GameFi platform. Rollblock combines aspects of centralized and decentralized gaming to provide the best player experience, and more than 20,000 investors have already joined the viral presale of the native token RBLK. Let's see how this underrated gem compares to Dogecoin, Shiba Inu and Pepe.

Lord Vinheteiro hospitalized after losing wallet with bitcoins
While many thought that the situation of Lord Vinheteiro losing his bitcoin wallet was a “bait”, or a joke, the situation turns out to be even more serious.
During his participation in TubaCast, the expert in recovering bitcoin wallet passwords named Marcelo doubted the story. However, after listening to the audio with the pianist's weak voice on Luan Onofre's cell phone, Marcelo began to believe more in the loss.
“He’s in the hospital, hospitalized because of the loss of 2 million, right, four bitcoins, two million. Okay, let’s assume it’s true, okay, I’m going to assume that this story is true the way he wrote it on Twitter, which is where he published this story,” said Marcelo.

In 2024, Bitcoin's significant appreciation has created around 38,000 new millionaires worldwide. This phenomenon is attributed to BTC's significant rise, driven by macroeconomic factors and growing institutional adoption. The increase in global interest in cryptocurrencies has brought more investors into the market, taking advantage of the upward movement to multiply their assets. With BTC surpassing new historical records, the market continues to attract both veterans and newcomers looking to maximize their gains.

Dogecoin, the meme currency that started as a joke, is now worth more than Itaú, one of the biggest banks in Latin America!
With a market capitalization that surpasses traditional giants, Dogecoin's impact shows the power of the community and the growing interest in "unconventional" digital assets.

The market value of Brazil’s public debt currently exceeds R$7 trillion (approximately US$1.4 trillion), representing approximately 90% of the country’s GDP. This reflects a high level of debt, mainly domestic (approximately 85%) and a smaller portion of external debt. High tax burdens and social spending are important factors contributing to the growth of the debt, and the government faces challenges in balancing its public finances, controlling the fiscal deficit, and ensuring economic sustainability.

Brazil is often cited as one of the countries with the highest tax burden, but it is important to understand the context behind this statement. While Brazil is not, in fact, the highest taxing country in the world in absolute terms, its effective tax burden and complexity can seem heavy when compared to other countries. Let’s explore some factors that explain this perception.

1. High Tax Burden

The tax burden in Brazil, which is the sum of all taxes levied on consumption, income, property and production, is high in relation to the GDP (Gross Domestic Product). According to the IBGE (Brazilian Institute of Geography and Statistics), the Brazilian tax burden is around 33% of the GDP, which places Brazil among the countries with the highest tax burden in the world, although there are countries such as France, Denmark, and Belgium, which have even higher tax burdens.

The Draft of the “Decripto” (Declaration of Cryptoassets) that will replace IN 1888 of the Federal Revenue Service is related to the way in which taxpayers must declare possession and transactions of cryptoassets in Brazil, especially with the introduction of Normative Instruction RFB No. 2,077/2023, which updated the regulations on the declaration of cryptoassets in Income Tax.

IN 1888, previously in force, established rules for the declaration of crypto assets, including the obligation to report transactions carried out with crypto assets exceeding R$30,000.00. The new regulation reflects changes in controls and declarations, seeking to bring more transparency and rigor to transactions with cryptocurrencies and other digital assets.

Investing in cryptocurrencies can be a way to achieve significant returns, but it also involves substantial risks. While Dogecoin and Shiba Inu have caught the attention of many investors due to their popularity and rapid returns, many investors are now looking at other cryptos with high growth potential that could generate explosive gains. Here are 5 cryptocurrencies that have attracted attention due to their appreciation potential and that could turn $500 into $50,000 if they succeed as expected:

Artificial Intelligence (AI) cryptocurrencies continue to be a hot topic in the market, with several projects focused on integrating AI with blockchain to improve efficiency, security, and user experience. New projects are gaining prominence every week. Below are this week’s top 3 AI cryptocurrencies that are attracting attention due to their potential for innovation and growth:
1. SingularityNET (AGIX)
• What it is: SingularityNET is one of the most well-known projects in the AI ​​and blockchain space. It offers a decentralized platform where developers can create, share, and monetize AI services. The idea is to create a global AI network, allowing AI systems to interact with each other and work collaboratively.

The report on cryptocurrency investor profiles reveals some interesting trends, suggesting that the majority of individuals involved in the crypto market belong to groups with certain demographic, economic, and cultural characteristics. Among the highlights are:

1. Most investors are wealthy

• Higher income: The study found that cryptocurrency investors tend to have a higher income level, with a significant percentage coming from higher income classes. This can be attributed to the high risk involved in crypto and the fact that people with higher purchasing power may be more willing to explore new risky investment options in search of higher returns.

The case of an investor who turned $26 into $61 million with PEPE is an example of how the cryptocurrency market, especially meme tokens like PEPE, can be extremely volatile and sometimes generate unexpected profits.

PEPE is a token inspired by the Pepe the Frog meme, which has gained great popularity on social media. Initially launched as a coin without great pretensions, PEPE has experienced an explosive appreciation in the cryptocurrency markets, leading some investors to obtain astronomical returns. The example of someone who invested just US$26 and obtained US$61 million illustrates the speculative and risky nature of these investments, but also the possibility of exceptional gains in very volatile markets.

Glauber “ProTheDoge” Contessoto once had $15 million in Dogecoin, but lost his gains when the market crashed. Now he has a second chance
Decrypt
15 nov, 2024 17:30

Photo: Disclosure/X/@ProTheDoge
The “Dogecoin millionaire” has been on a wild ride in recent years, with his net worth peaking at $3 million and then plummeting to the hundreds of thousands. But with the leading memecoin surging to a price not seen since 2021, he has reclaimed the title.
Brazilian Glauber Contessoto spent his life savings and maxed out his credit cards to buy $180,000 worth of Dogecoin in late 2020 and early 2021. The following year, his stash increased in value to $3 million, but he didn’t sell it.

The episode that became known as the savings confiscation occurred in Brazil in 1990, during the government of President Fernando Collor de Mello. On March 16, 1990, Collor announced a package of economic measures with the aim of combating the hyperinflation that the country was facing at the time. This package included the freezing of bank accounts, known as the savings confiscation.

According to the measure, the checking and savings accounts of all Brazilians were temporarily blocked. The government withdrew funds from accounts that had more than 50,000 new cruzados (the currency at the time), and this money was “frozen” for a period, with the promise of returning it in monthly installments after a few months. The measure directly affected the population’s confidence in the banking system and caused great revolt, as many people lost part of their savings.

The last time the Crypto Fear and Greed Index recorded a score of 80 was on April 9, shortly before Bitcoin suffered an 18% correction over the following three weeks.

Cryptocurrency markets may be overheating during the current parabolic rally, with some industry leaders warning of a possible deleveraging ahead of the next leg of the rally.
Crypto investor sentiment hit 80, or “extreme greed,” on Nov. 12, a day after Bitcoin price BTC

Buying small amounts of various cryptocurrencies can be a strategy adopted by some people for a variety of reasons, including:

1. Risk diversification: As with other investments, diversification can help reduce risk. By purchasing small amounts of multiple cryptocurrencies, an investor tries to protect themselves against drops in the value of any particular asset.

2. Growth potential of new cryptocurrencies: The cryptocurrency market is highly dynamic, with new coins constantly emerging. Some investors buy small amounts of these new cryptocurrencies in the hope that they will appreciate substantially in value in the future, as has happened with Bitcoin, Ethereum, and other popular coins.

If you had invested $100 in Dogecoin at the time Elon Musk first tweeted about the coin in 2014, you would have seen an extraordinary increase in the value of that investment.
Context of Elon Musk's First Tweet:

Elon Musk began interacting with the Dogecoin community on Twitter more prominently in 2018, but his first notable tweet about the currency was in 2014. At that time, Dogecoin was still a “memecoin,” a currency based on an internet meme , without a clear proposal for use or valorization.