Stability now above 98000 and returning to $100000 will be an important indicator for the continuation of the rise and this time we may break the resistance at $104000
Now the acquisition is 57% higher than before the correction by 2% and with the decline of Bitcoin
Alternative currencies have been depleted
After stabilizing above $100, God willing, I see that alternative currencies will gradually rise to what they were before the decline
Grayscale Investments files to convert Solana Trust into ETF, SOL price soars… Why? Grayscale Investments has filed to convert its existing Solana Trust into a Spot ETF on the NYSE Arca. The move aims to expand its $134 million investment in Solana into a more accessible form.
This news is very positive for Solana SOL, as it means that Wall Street’s top investment firms are confident in its chances of approval. This could open the door to a large influx of institutional money into the cryptocurrency.
Immediately after the news, Solana SOL price surged more than 8% to $237. This comes after a 12% decline last week, when the price reached $215.
Solana had previously hit an all-time high of over $260 before falling.
But what is it about ETFs that the cryptocurrency markets are always celebrating?
$TRX Tron (TRX) surges 66%, becomes best performer: Can it match XRP? The price of the Tron token TRX has surged 66% in the past 24 hours, earning it the title of best performing altcoin among the top 100 cryptocurrencies by market cap. This impressive surge is in line with a broader rally in altcoins that is driving gains across the market.
The surge has drawn comparisons to Ripple (XRP), which has seen a staggering 300% price increase over the past 30 days. The key question now is: Can TRX sustain this bullish momentum?
Tron’s trading volume surpasses $14 billion Yesterday, BeInCrypto reported that Tron had hit an all-time high of $0.23, but it turns out that this achievement was just the beginning of another surge. Earlier today, TRX surged to $0.44 before retreating to $0.39.
This explosive move was followed by a bold claim from Tron founder Justin Sun, who announced on December 2 via Twitter that TRX would be next after XRP’s price explosion, sparking speculation and investor excitement. Following this development, Santiment data showed TRX trading volume increasing to $14.67 billion.
$TRX Tron (TRX) Hits New All-Time High Tron (TRX) has hit a new all-time high today after the price surged 12% in the past 24 hours to $0.23. This development also ensures that the altcoin’s market cap has surpassed $20 billion, also a new high.
This massive surge can be linked to the broader rise in altcoins and rising institutional and retail interest in the token. But will the TRX price continue to rise?
Rising Demand for TRX Pushes It to a New High Thirty days ago, the price of Tron was $0.16. After a 41.02% rise since then, it has hit a new all-time high. Prior to this achievement, TRX’s highest level was in June 2018, when it rose to $0.22 and remained below that threshold for a long time.
But with the buying pressure increasing over the past few weeks, Tron's price has reached $0.23, and speculation is rife that it could go even higher.
$SOL Solana SOL price is forming a strong reversal pattern.. Is it going to fall further or is it a buying opportunity? The price of Solana (SOL) rose sharply after Donald Trump won the presidential election by more than 68%. Before entering a state of stability and sideways trading tending to the downside, in a natural correction movement. As the hype and excessive optimism in the market subsided, many cryptocurrencies began to decouple their movement from the leading currency, Bitcoin. Many traders in the market began to focus on the factors specific to each project and cryptocurrency.
$IOTA IOTA Becomes Top Performing Altcoin, Up 40% in 24 Hours IOTA, the native cryptocurrency of the open-source distributed ledger technology platform, has emerged as the top performing altcoin in the past 24 hours. During that time, the asset’s value has surged by 40%, and it is now trading at $0.48.
As an altcoin that has been out of the spotlight for a while, many may be wondering why the token’s value has suddenly surged. This on-chain analysis reveals the reasons behind this and what could be next for the cryptocurrency.
IOTA Sees Increased Demand as Older Crypto Advances According to BeInCrypto’s analysis, IOTA is shining as the top performing altcoin. This is largely due to the broader market’s increased interest in older cryptocurrencies from previous cycles. Notable assets such as VeChain (VET), Hedera (HBAR), and Algorand (ALGO) have seen significant bids in the past 24 hours, with many of these coins launched between 2017 and 2020.
In addition to the growing demand for legacy cryptocurrencies, IOTA’s strategic shift to become a Real Assets Project (RWA) has boosted its position.
Furthermore, the rollout of a reconfigured governance vote, which aims to reduce transaction costs, increase throughput, and introduce Move-based smart contracts on a parallel DAG-based layer-1 ledger, further bolsters IOTA’s positive outlook.
<t-32/>#2024WithBinance Binance Announces Removal of Some Margin Trading Pairs on Cryptocurrencies Against Bitcoin In a move to improve its offerings and meet market needs, Binance has announced the removal of a number of Bitcoin trading pairs from margin trading. These assets include Band Protocol, Gitcoin, Highstreet, Perpetual Protocol, STP, and AVA, reducing the trading options available to users.
$LTC Litecoin Adds $1 Billion to Its Market Cap, Long-Term Holders Start Liquidating Litecoin (LTC) saw its market cap grow by 15% in the past week, adding $1 billion as its price reached a two-year high of $119.64.
This surge has led long-term holders (LTH) to sell their coins to secure profits. However, the LTC price rally is showing signs of continuing momentum.
Litecoin Long-Term Holders Gain BeInCrypto’s on-chain assessment of LTC’s vitality metric has revealed a spike in the number of coins recently transferred or spent. According to Glassnode, it is currently at a year-to-date high of 0.71. For context, as of November 1, LTC’s vitality has fallen to a year-to-date low of 0.69.
The asset's vitality provides insights into the spending behavior of its long-term holders. It measures the percentage of coins that have been recently moved or spent. When it rises, it indicates that many long-term holders are liquidating their positions.
#ETHOnTheRise $XRP Ripple XRP Price Hits $2.37, Overtakes USDT, Solana in Market Cap The cryptocurrency market is in a state of activity after witnessing a seismic shift. The XRP token, which powers the Ripple ecosystem, has surged past the $2.37 mark, cementing its position as the third-largest cryptocurrency by market cap.
Currently, XRP’s market cap has crossed the $135.37 billion mark. This has overtaken stablecoins USDT ($134.17 billion) and Solana ($108.01 billion). This achievement has sparked fresh discussions about whether XRP could challenge Ethereum’s market dominance.
Ripple Overtakes USDT, Solana XRP is trading at $2.37 at the time of writing, marking a staggering 25.57% gain since the opening of trading on Monday.
$ETH Finally.. Ethereum ETH outperforms Bitcoin BTC and the price breaks through an important resistance level Ethereum ETH has outperformed Bitcoin BTC over the past week, at a time when the digital market continues to show broad optimism. The latest joint report between Bybit, the global digital currency exchange platform that is the second in the world in terms of trading volume, and Block Scholes, a London-based advanced research and data analytics company, indicated Ethereum’s clear superiority over Bitcoin over this week.
The report indicated a significant increase in the open interest of Ethereum perpetual contracts, while Bitcoin’s open interest slowed after the main digital currency retreated from levels close to $100,000 that it recorded last week.
Ethereum prices rose by more than 8%, compared to Bitcoin’s decline of 1.6% during the same period. This comes after news that US Securities and Exchange Commission Chairman Gary Gensler will step down from his position on January 20, 2025, which has boosted optimism among investors.
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$XRP XRP Drops to Weekly Low, Likely to Rebound Ripple’s XRP is trading at its lowest point in the past week. As of writing, the altcoin is trading at $0.53, with an additional 3% drop in the past 24 hours.
BeInCrypto’s XRP technical setup, however, suggests that this drop is only temporary, and the altcoin could see a rebound soon. Here’s why.
Ripple Selling Pressure Starts to Weaken Despite its price decline, XRP’s CMF (Currency Money Flow) has been on an upward trend over the past few days. This indicator measures the buying and selling pressure of the asset over a given period. As of writing, it is at -0.10, attempting to break above the zero line.
As in the case of XRP, when XRP’s money flow (CMF) is negative but trending upward while the price is declining, it indicates that the asset is still under net distribution, i.e. there is general selling pressure. However, the decreasing intensity of this selling suggests that the bears are weakening, and bullish interest is starting to form.