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๐ข Important: Binance will be the first exchange to list this token, and trading will start on December 16, 2024 at 10:00 AM (UTC). Any offers to sell this token before this date are likely to be misleading advertising. Please do your own research to ensure the safety of your funds!
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Cardano (ADA) 15% Rise Could Be Heading for a Stalemate โ Hereโs Why
The declining holding period for Cardano indicates a decline in investor commitment, which could weaken the recent 15% rally. The 134.26% decline in the Price-DAA index reflects declining user activity on the Cardano network and weak support. If the bearish momentum continues, ADA could drop to $0.98. If there is a bullish reversal, the coin could target $1.33 and possibly $2.
๐ก Quick Look: When the indicator is positive, the momentum is bullish. However, in this case, the MACD reading is negative, indicating that the momentum around the coin is bearish. Given the current situation, it may be difficult for ADA to continue the rally that took it to $1.16. In this scenario, the price of ADA could drop to $0.98. However, if the momentum turns bullish, it could pave the way for a rally to $1.33 and possibly a move towards $2.
๐ฅ $5M Airdrop Carnival Starts Now with Binance! ๐
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Bitwise Predictions: Bitcoin to Hit $200,000, Crypto Stocks to Hit Massive Gains in 2025
Bitwise predicts Bitcoin to hit $200,000, Ethereum and Solana to hit record highs by 2025. Coinbase could join the S&P 500, while MicroStrategy could enter the Nasdaq-100. Stablecoin assets are also expected to double to $400 billion as legislation moves forward in the US.
๐ก Quick Look: There is a lot of optimism in the US about Bitcoin reserves, especially after Trumpโs campaign promise. The report also predicts a sharp rise in stablecoin assets to $400 billion, supported by the expected US legislation. Earlier today, Ripple received approval from New York regulators to launch its RLUSD stablecoin, which could signal a huge growth in the US stablecoin market. Overall, Bitwise's forecasts seem to be in line with current activity in the industry, so it wouldn't be surprising if these estimates are realized by 2025.
Shiba Inu (SHIB) Investors Resist the Decline Despite 11% Price Drop
Shiba Inu holders are showing strong resilience, with longer holding periods indicating confidence and potential for recovery. Increased network activity, coupled with price divergence, suggests a potential SHIB price rebound in the short-term. The key support level at 0.000024$ is crucial; holding it could push the price towards $0.000034, but breaking it could see the price drop to $0.000019.
๐ก Quick Look: On the daily chart, the Accumulation/Distribution (A/D) indicator has risen. This indicator combines volume and price to assess whether the cryptocurrency is in an accumulation or selling phase. When the indicator is falling, it means that selling pressure is higher than accumulation. On the other hand, a rising indicator indicates increased buying pressure, which is currently the case with SHIB. However, bulls may need to defend the support level at 0.000024$ to confirm this hypothesis. If that happens, SHIB price could rise towards $0.000034. If bears break the support, the price could drop to $0.000019.
Dormant Dogecoin (DOGE) Reawakens After 19% Drop From Its Price Peak
Dogecoin (DOGE) has seen increased activity on the network as dormant coins return to trading, indicating potential bullish momentum. DOGEโs average dollar age invested (MDIA) has dropped to 370 days, showing renewed interest from long-term holders.
With a positive funding rate and dynamic support at $0.34, DOGE looks set for a potential bounce back towards its three-year high at $0.48.
๐ก Quick Note: On the daily chart, DOGE is trading above the โSuper Trendโ indicator, which provides dynamic support at $0.34. This indicator measures the overall direction and strength of a price trend, and is displayed as a line on the chart that changes color depending on the prevailing trend: green indicates an uptrend, while red indicates a downtrend. If this uptrend continues, DOGE could see a bounce back towards its three-year high of $0.48. Conversely, the price could drop to the support level indicated by the Super Trend indicator at $0.34. If buyers fail to hold this support, the price could drop further to $0.31.
Goldman Sachs Waiting for Regulatory Changes to Deepen Its Involvement in Bitcoin and Ethereum
Goldman Sachs CEO David Solomon has confirmed that the bank is open to investing in cryptocurrencies, but is waiting for changes in US regulations. Solomon explained that current regulations limit the bankโs ability to directly buy or sell cryptocurrencies like Bitcoin and Ethereum. The CEOโs comments are in line with President-elect Donald Trumpโs pro-crypto stance, with hopes for regulatory changes under his administration.
๐ก Quick note: By selecting crypto advocate Paul Atkins as the new SEC chairman, the president appears to be making good on his promises. The agency is expected to take a more friendly approach to crypto investors. Meanwhile, Axios sources revealed that Donald Trump โwould be very happyโ if Bitcoin continued to rise above $150,000 after he takes office.
Marathon Digital Spends $1.1 Billion on Bitcoin, Keeping Up with Buying Trends
Marathon Digital purchased 11,774 bitcoins for $1.1 billion, using the proceeds from a zero-interest convertible note offering. The company now holds 40,435 bitcoins, valued at $3.9 billion, reflecting a common trend among large corporations. Marathon is supplementing its bitcoin mining activity with direct purchases of the currency, similar to moves by companies like Riot Platforms.
๐ก Quick note: These massive bitcoin purchases have become commonplace recently. For example, MicroStrategy spent $2.1 billion on bitcoin, while Riot Platforms offered $500 million in convertible notes for the same purpose. With this rate of consumption, some large corporations are heading towards accumulating huge bitcoin stockpiles.
Excited to be one of the speakers at the Wrapping Up the Year: Binance Angels Highlights event tomorrow! ๐ก Join us at 12:00 PM UTC to celebrate the yearโs best moments and achievements with the community. ๐คโจ
LIVE
Binance Angels
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Bullish
๐ข Binance Angels will be broadcasting "Wrapping Up the Year: Binance Angels Highlights" live tomorrow at 12:00 PM UTC.
โ๏ธ๐ซ๐ท Pavel Durov, the CEO of Telegram, has been questioned for the first time in a Paris court in a case related to allegations that the messaging app facilitates criminal activity.
Durov said he โtrusts the French judicial system.โ
If convicted, Durov faces up to 10 years in prison and a fine of โฌ500,000.
๐ Blockchain Technology: A Promising Future, But Where Is Algeria ๐ฉ๐ฟ?
Around the world, blockchain technology is emerging as one of the most important technological revolutions that redefines how data is managed, value is exchanged, and decentralized ecosystems are built. With the expansion of Web 3.0 applications, the future looks bright. ๐
But in Algeria, this technology remains underrepresented. Whether in academia or entrepreneurship, initiatives seem few, despite the enormous potential it offers.
๐ Imagine the opportunities:
Facilitating cross-border payments using blockchain technology.
Using decentralized solutions to ensure transparency in various sectors.
Forming a new generation of experts in the field of Web 3.0.
๐ฌ What about you?
Do you know of startups in Algeria working on projects related to blockchain technology?
Are there universities in Algeria that support this technology or include it in their educational programs?
๐ I would love to hear from you and meet those who share my belief in the transformative impact of Web 3.0. Together, we can build something special for Algeria. ๐
โ๏ธ Since 2024, publicly listed#Bitcoinmining companies have invested $3.6 billion in fixed assets such as factories and equipment.
It is worth noting that cryptocurrency mining hardware typically has an average lifespan of 3 to 5 years, and must be updated periodically to maintain profitability.
๐ช๐บ Coinbase has announced that it will stop rewarding USDC holders based in the European Economic Area (EEE) starting December 1. The company explained that the primary reason behind this is the new Markets in Digital Assets (MiCA) regulations, as stated in an email sent to customers yesterday.