Shibarium DeFi TVL Hits All-Time High: Details

Shibarium, the layer-2 protocol associated with Shiba Inu (SHIB), has witnessed a spike in activities resulting in remarkable development. According to Lucie, the marketing lead at Shiba Inu, the total value locked (TVL) has hit an all-time high (ATH) of $8.57 million.

Shibarium’s current TVLThis signals the growing adoption of Shibarium and increased user engagement. It also highlights the growing confidence among users as they staked more funds in the ecosystem.

Lucie appreciated the Shibarium family for the massive support they have given to the network. “Thank you, SHIBARIUM FAM,” she wrote.

The community has played a significant role in driving success as they staked their funds in different projects. Data from DeFiLlama show a change in the figure after hitting the ATH.
The TVL for Shibarium stands at $4.58 million, reflecting the ongoing market flash crash.

An analysis of the figures reveals that the TVL is currently dominated by Shiba activities, which total $3.06 million. WoofSwap and ChewySwap followed a distant second and third, with $875,270 and $497,016, respectively.

Other contributors to the TVL include MARSWAP, DogSwap, Mint Club V2 and PunkSwap.

Wallet growth and market challenges

Shibarium saw a surge in active wallet addresses as more users flocked to the network. The wallet addresses were on the verge of crossing the 1.9 million milestone, indicating the growing engagement within the Shiba Inu community.

Some of these new wallets might have contributed to staking part of their funds, leading to the earlier Shibarium ATH registration.
Market experts have attributed the sharp drop from $8.57 million to $4.58 million to a decline in the price of SHIB. Earlier this month, Shibarium soared to new levels when the price of SHIB rebounded on the crypto market.

As of this writing, SHIB has dropped by 8.03% to trade at $0.00002392.

#SHIB #Shibainu #Memecoin #Altcoin #CryptoNews

Helium: 25% rise imminent for HNT? 2 factors suggest

HNT could potentially surge by 25% to reach the $8.15 level if it closes a daily candle above the $6.50 level.Since the 20th of November, whales and investors have consistently been accumulating.

Helium [HNT] has remained stable during the ongoing bull run, even as major assets experienced notable upside momentum.
However, HNT’s daily chart signaled a potential upside rally at press time, attracting both investors and traders.

All eyes on Helium

After the formation of a bullish price action pattern, traders’ interest and confidence in the token appeared to have skyrocketed.
According to the on-chain analytics firm Coinglass, HNT’s Open Interest has surged by 8.5% in the past 24 hours and 4.7% in the past four hours.

This growing Open Interest suggests that traders have increased their positions as sentiment around HNT has shifted.
In addition to traders’ interest in the altcoin, investors and whales also appeared to be accumulating the tokens, as indicated by HNT Spot Inflow/Outflow data.

According to Coinglass, since the 20th of November, whales and investors have been consistently accumulating tokens, with HNT experiencing negative net flow.

Besides these bullish on-chain metrics, HNT’s chart also showed a bullish trend, indicating where the asset’s price may head in the coming days.

Upcoming levels

According to AMBCrypto’s technical analysis, HNT was on the verge of breaking out of a falling channel. At press time, its price was consolidating within a tight range near the upper boundary of the parallel pattern.

Based on recent price action, if HNT breaks out and closes a daily candle above the $6.50 level, it could potentially surge by 25% to reach the $8.15 level in the coming days.

Currently, market sentiment appeared bullish, with the altcoin trading above the 200 Exponential Moving Average (EMA) on the daily time frame.

Additionally, its Relative Strength Index (RSI) signaled a potential upside rally in the coming days.

#Helium #HNT #AltcoinSeason #cryptomarket #CryptoNews

Analyst Reveals The ‘Truth’ Behind This Dogecoin Price Rally

The Dogecoin price is up almost 150% since the start of this month, as the foremost meme coin continues to enjoy a massive bull run. Crypto analyst Alan Santana has provided insights into what is driving this rally and whether it is sustainable.

What Is Driving The Dogecoin Price RallyIn a TradingView post, Alan Santana alluded to DOGE’s monthly chart to show what is truly driving the Dogecoin price rally. He noted that this month is a bullish breakout month and the first strong green month since the 2021 bull run.

The analysts specifically cited January 2021, when a similar action occurred, with a “very strong bullish phase” following.
In line with this, Santana stated that just because the Dogecoin price is seeing this strong growth doesn’t mean this is the end. Instead, the analyst stated that this very strong growth signals the beginning of the bullish cycle, so investors can expect more parabolic rallies for Dogecoin ahead.

Santana asked those in doubt to zoom out on the monthly chart. He revealed that this monthly session has the highest volume since 2021.

Furthermore, the analyst mentioned that this month broke a long-term resistance and descending trend. Lastly, he said that this month ended a three-year consolidation period for the Dogecoin price.

The analyst noted that this three-year consolidation can lead to a very strong bull market, which is exactly what is playing out. As such, Santana reaffirmed that no matter how high the Dogecoin price goes this month, it is only the start.

In the short term, the analyst warned that there can be swings and shakeouts, and even a strong correction can develop along the way.

However, Santana claimed that such corrections are good as they will be used as an opportunity to take profits when at resistance and rebuy and reload when at support. He added that the Dogecoin price has much more to give and that there is no limit as to how high prices can go.

#DOGECAST #Dogecoin #memecoin #cryptocurrency #CryptoNews

Trump wants the CFTC to be in charge of crypto regulation, not SEC

Donald Trump’s incoming administration has plans to hand over most of the crypto industry’s regulatory power to the Commodity Futures Trading Commission (CFTC).

This is a direct move to strip the Securities and Exchange Commission (SEC) of its grip on the $3 trillion crypto market—a market that’s been stuck in a regulatory disaster for years.

Trump’s idea? Get rid of the heavy-handed tactics the SEC used under Gary Gensler during Biden’s term. Instead, Trump wants a system that encourages innovation, especially in blockchain technology, while setting some boundaries for the growing crypto space.

CFTC’s new frontier

The CFTC might be a smaller regulator than the SEC, but Trump sees it as better suited for crypto. It already oversees the $20 trillion U.S. derivatives market, including futures, options, and commodities like gold, oil, and wheat.

Unlike the SEC, which regulates securities and targets small investors, the CFTC focuses on sophisticated institutional players who are seen as better at managing financial risks. This makes the agency a favorite among crypto insiders.

Under Trump’s plan, the CFTC’s job would grow to include overseeing Bitcoin, Ethereum, and other digital assets classified as commodities. This includes regulating spot markets—places where these assets are bought and sold—and the exchanges that handle those trades.

Right now, there’s no single regulator managing these markets, creating massive uncertainty for companies and traders. Chris Giancarlo, a former CFTC chair nicknamed “Crypto Dad,” backs this plan.

“With adequate funding and leadership, the CFTC could regulate digital commodities from day one of Trump’s presidency,” he said.

Giancarlo, who served under Trump during his first term, pushed for the CFTC to approve Bitcoin futures trading in 2017 and has been advocating for more crypto oversight ever since.

#CryptoRegulation #Trump #CFTC #SEC #CryptoNews

What’s Happening with Crypto Today?

The cryptocurrency market is navigating turbulent waters today, with the global market cap dipping by 5.97% to $3.17 trillion.

Despite the decline, trading volume surged 24.17% to $252.59 billion, signaling heightened market activity. The Fear & Greed Index remains at 80, suggesting extreme greed amidst this pullback.

Market Trends and Liquidations

The Altcoin Season Index stands at 41, signaling that a full-fledged altseason is still distant. Meanwhile, over $489 million in liquidations affected more than 186,000 traders, with memecoins bearing the brunt, followed by Bitcoin and altcoins.

Despite the recent downturn, strong institutional support and growing adoption metrics suggest a resilient outlook for the crypto market.

Bitcoin Holds Strong Amid Market VolatilityBitcoin continues to dominate with a market share of 57.9%, even as its price fell by 5.96% to $92,298.35 over the last 24 hours. Trading activity around BTC soared, with volumes spiking 63.39% to $94.38 billion.

The largest cryptocurrency also saw positive institutional backing on November 25, as Bitcoin ETFs recorded a net inflow of $489.16 million. BlackRock’s iShares Bitcoin Trust alone contributed $492.28 million, boosting its holdings to 492,623 BTC, valued at $46.96 billion.

On-chain metrics highlight a significant milestone for Bitcoin, with daily active users nearing 1 million for the first time since 2019. This growth reflects increasing adoption among retail participants and large investors alike.

Altcoin Update: Mixed Performances Across the BoardEthereum’s price dipped 4.96% to $3,318.18, while Solana and XRP experienced steeper losses, dropping 9.35% and 9%, respectively.

Ethereum ETFs, however, saw a net inflow of $82.02 million on November 25, with BlackRock’s iShares Ethereum Trust contributing $104.45 million, underscoring strong institutional interest.

Among altcoins, Fantom emerged as a standout performer, gaining 4.97% to trade at $0.9892.

#Bitcoin #AltcoinSeason #cryptomarket #memecoins #CryptoNews

Bitcoin Leverage Remains High – Data Reveals Selling Pressure Above $93K

After a historic rally, Bitcoin has faced its first major setback, pulling back 7% from its all-time high of $99,800. This comes after an impressive surge from $67,500 on November 5, marking a nearly 50% climb in just a few weeks.

The price action has largely been “only up,” attracting significant attention from traders and investors alike.

However, the current pullback highlights growing caution in the market. Market caution said leverage levels remain elevated despite recent deleveraging efforts.

Adler’s analysis reveals that increasing short positions and consolidation below the psychological $100,000 mark have contributed to the retracement.

While Bitcoin’s performance remains strong in the broader context, this dip signals a potential shift in market sentiment. The question is whether BTC can gather enough momentum to break past the $100,000 barrier or if further consolidation is on the horizon.

Many investors consider this pullback a healthy pause in a bullish cycle, but the high leverage levels suggest continued volatility. All eyes are on Bitcoin as it navigates this critical phase, with the next few days likely to determine its short-term direction.

Bitcoin Bears Showing Up

After three weeks of minimal resistance from bears, signs of their resurgence emerge as Bitcoin struggles to break past the $100,000 level. This critical price point, which many believed would act as a springboard for further gains, has instead highlighted growing bearish sentiment.

According to CryptoQuant analyst Axel Adler, the recent price action marks a potential shift in momentum.

Adler’s analysis on X reveals that despite a wave of recent deleveraging, leverage levels in the market remain elevated. Many key long positions were established around the $93,000 mark, providing bears with an opportunity to profit as BTC failed to push higher.

#BTC #BitcoinCrash #cryptomarket #Altcoins #Cryptonews

Could Dogecoin Reach $1 by 2025? Here’s What Might Propel It

The Dogecoin (DOGE) market witnessed several roadblocks after its latest rally. The asset surged to a high of $0.4775 earlier this month, which further led to the community betting on DOGE reaching $0.50 or more.

But now, Dogecoin was taking a backseat. The foundation behind the meme coin could be trying to boost the price of the asset.

Dogecoin Foundation Seeks Donors, Here’s Why

To expand the community through further network development, the Dogecoin Foundation has requested an undisclosed sum.

According to the Dogecoin Foundation’s X post during the weekend, developers are looking for a few significant sponsors in 2025.

This is to aid finance initiatives to promote widespread adoption. The funds will reportedly be used to develop Dogebox. This is a decentralized payment system designed to empower small and medium-sized enterprises.

The Dogecoin Foundation said,

“Going into 2025 the Dogecoin Foundation is seeking to continue the open-source work we’ve been doing, especially through the new Dogebox Decentralized Infrastructure System which is the culmination of development across many projects, and the vehicle we envisage for on-boarding the first million grass-roots retailers to accept Dogecoin as a direct payment layer.“

#DOGE #dogecoinnews #memecoins #cryptomarket #CryptoNews

Arbitrum’s 91% Rally Targets $1: Next Stop at $1.86?

The ARB price trend maintains a bullish approach with the Bitcoin price dropping below the $95,000 mark. With a 26% surge over the last 7 days, the ARB has a market cap of $3.864 billion.

With the ongoing rally unaffected by the broader market pullback, the upside potential for ARB is growing. Will this growing rally result in a massive 2x rally in December? Let’s find out.

Arbitrum (ARB) Price PerformanceIn the daily chart, the ARB price action shows the Rounding Bottom reversal rally gaining momentum. The decline of the Rounding Bottom pattern coincides with the 38.20% Fibonacci level at $1.12.

Over the past 5 days, the ARB price action has made consecutive bullish candles, accounting for a price jump of 34%. The bull run has exceeded the 200-day EMA and the 23.60% Fibonacci level at $0.86.

Currently, the ARB price is trading at $0.899, with an intraday move of minus 0.70%. This teases a potential retest of the 23.60% level for a bullish recovery. The Rounding Bottom reversal started with a bullish engulfing candle on November 5th and has resulted in a 91% surge until now.

Technical Indicators:

EMA: The rising ARB price has spiked the 50-day and 100-day EMA lines, resulting in a bullish crossover. Further, the 50D and 200D EMA golden crossover chances have significantly increased.

MACD: The bullish trend has prolonged the MACD and Signal Line rally with gradually increasing bullish histograms.
Will Arbitrum Price Hit $250?

The ongoing rally aims to challenge the neckline with the $1 psychological marker resistance on the horizon. In case of a bullish breakout, the uptrend is likely to reach the 78.60% Fibonacci level at $1.8679.

Conversely, the crucial support below the 23.60% Fibonacci level is present at the 200-day EMA at $0.75 and the 50-day EMA at $0.6476.

Curious about Arbitrum’s future? Read our Arbitrum (ARB) Price Prediction for an overview of long-term targets!

#ARB #Arbitrum #AltcoinSeason #CryptoMemes #CryptoNews

Only 470 Billion Shiba Inu (SHIB) Left: Here’s What’s Next

Within a crucial support cluster of 470 billion tokens (at the time of the writing), Shiba Inu is retaining its position and offering a temporary area of stability.

Nevertheless, in contrast to prominent players like Bitcoin, Ethereum and XRP, its performance is noticeably stagnant. The lack of momentum SHIB is experiencing in the current market rally is called into question by this.

With the asset trading in a narrow range around $0.000026, the current SHIB/USDT chart shows a lack of aggressive upward movement. SHIB has failed to replicate the spectacular rallies observed in other cryptocurrencies despite a bullish breakout attempt.
Strong key support levels have been maintained at $0.000022 and $0.000023, but resistance close to $0.000028 still limits upward movement.

Approximately 62% of SHIB holders are making money at the current price, whereas 37% are either losing money or breaking even.

This distribution indicates that a sizable portion of investors believe SHIB’s price is trading close to the breakeven point, which may be reducing speculative activity.

In the past 24 hours, there have been six trillion SHIB in large transactions, which is significantly less than the seven-day peak of almost 15 trillion.

This implies a slowdown in whale activity, which is frequently a sign of less volatility. The lack of fresh catalysts and SHIB’s strong reliance on retail participation may be the reasons for its relative stability.

SHIB’s price action is still influenced by community-driven momentum, in contrast to XRP or Bitcoin, whose price movements have been driven by institutional interest or larger narratives.

SHIB’s potential may be limited in the near future due to its inability to leverage the sentiment of the market even though the 470 billion support level offers a temporary floor.

In the absence of fresh whale activity or a compelling story, the asset could experience protracted stagnation

#SHIB #ShibaInuETF #memecoins #MemeCoinSeason2024 #Cryptonews

Justin Sun Becomes Largest Stakeholder in Trump-Backed Crypto Project with $30 Million Investment

Justin Sun’s $30M investment makes him the largest stakeholder in Trump-backed WLFI, boosting DeFi growth.

WLFI’s token sale struggles are overcome with Sun’s investment, pushing it closer to its $300M target.Trump’s family strengthens crypto presence with WLFI, while Sun aims to expand blockchain adoption globally.

The CEO of the TRON blockchain platform, Justin Sun, has invested in the WLFI cryptocurrency project. Sun invested $30 million. This has made him the largest shareholder in the new firm.
This move comes as WLFI, a decentralized finance (DeFi) platform, struggled with slow token sales since its launch.

TRON Becomes the Largest Stakeholder in WLFIThe investment was made through a wallet linked to Sun’s HTX exchange, formerly known as Huobi. Prior to the investment, WLFI had aimed to sell $300 million worth of tokens but had only managed to sell $21 million.

Sun’s $30 million purchase now brings the total sales to $52 million, though still far from the $300 million target. With this acquisition, Sun is now the biggest backer of WLFI, marking a key turning point for the platform.

A Crucial Investment for WLFI’s FutureWLFI, introduced in September 2024, has faced several hurdles, including slow adoption rates. The project offers decentralized lending and borrowing services, supported by its governance token, WLFI.

The investment from Sun is seen as a boost, helping the project surpass the $30 million threshold required for DT Marks DEFI LLC, an entity affiliated with Donald Trump, to start receiving revenue from the token sales.

According to WLFI’s gold paper, Trump’s affiliated company will receive 75% of the project’s net revenues after the $30 million mark is reached.

Additionally, 337.5 million WLFI tokens are allocated to Trump’s company, further solidifying his involvement in the project.

#TRON #TrumpCryptoProject #JUSTIN #cryptomarket #CryptoNews