Could 2025 see a Solana ETF? An expert comments

VanEck's Mathew Sigel thinks Solana ETF approval is likely.

Robert Mitchnick of BlackRock said the corporation only wants Bitcoin and Ethereum.

incoming crypto ETFs will benefit from the incoming SEC administration.

Solana (SOL) made the rounds in crypto circles on Friday when VanEck and BlackRock officials disagreed on a US SOL ETF launch.

VanEck predicts more ETFs by 2025, BlackRock lacks interest.
After spot Bitcoin ETFs started in January and Ethereum ETFs in July, more ETF registrations have reached the SEC. The Solana ETF, registered in June, has yet to get regulator approval.

Mathew Sigel, VanEck's Head of Digital Assets, believes the Solana ETF will be approved by 2025.

"I think the odds are overwhelmingly high that there will be a Solana ETF trading by the end of next year," he said. He said that changing the SEC's crypto policy would "drive innovation."

Under the new SEC, Sigel said more TradFi crypto products will be approved.

"We would expect the SEC to approve more crypto products than they have in the past four years," he said. He said that VanEck's product development team is preparing for new ETFs. Asset manager VanEck filed the first Solana in June.

Unlike VanEck, BlackRock's Head of Digital Assets, Robert Mitchnik, is uninterested in crypto goods other than Bitcoin and Ethereum.

This suggests that the trillion-dollar asset manager may not want additional crypto ETFs.

Most crypto community members blame SEC Chair Gary Gensler, whose administration has cracked down on multiple crypto businesses, for the delayed reaction to extra crypto ETF registrations.

After Donald Trump's election, many anticipate Gensler to quit as SEC Chair.

On Friday, Fox reporter Eleanor Terret wrote on X that Gensler may leave after Thanksgiving and before Trump's inauguration in January.

#SOL #SOLETF #PNUTSurge $SOL

Binance Hits 240 Million Users Mark, Further Establishing Its Dominance in the Crypto Space

Marking a remarkable 240 million signed up users, it is no doubt that Binance established itself as the largest cryptocurrency exchange in the world.

Established in 2017, Binance has scaled up dramatically by providing comprehensive functionalities starting from basic crypto trading to complex DeFi services, lending and staking. Such growth is possible because of its innovative nature, liquidity, and low charges enabling Binance to capture a great number of both retail and institutional clients.

Another reason for the success of Binance is the availability of the platform in different languages and the fact that it complies with global regulations.

This strategy focused on users, combined with various safety features and huge selection of traded assets has built confidence of users from all over the world.

The path traveled by the exchange to reach 240 million users demonstrates the level of resentlessness that Binance has to be a leader in the developing crypto industry.

It is true this number is nothing else but a number, but at the same time it illustrates the spread of crypto currencies around the world with Binance being among the advocates of such changes. With plans to drive further blockchain developments, there is little doubt that this company will continue to dominate the cryptocurrency industry for many customers around the world.

#Binance240MUsers #USUALonLaunchpool&Pre-Market $BNB
$BTC

What Does Bitcoin Exchange Reserves' 5-Year Low Mean?

As centralized exchange reserves drop to their lowest levels since November 2018, the Bitcoin market looks to have taken an exciting turn.

G an an h, a CryptoQuant analyst, saw this change in BTC's investment behavior in the crypto sector and suggested an interesting Bitcoin trend.

Five-Year Low Bitcoin Exchange Reserves
As market players resort to long-term holding strategies, Bitcoin reserves on exchanges have decreased dramatically in 2024, according to the expert.

This shows that investors are moving their assets to private wallets, lowering supply for quick sale and raising purchasing pressure in a supply-constrained market.

G an a h observes that market players are increasingly confident in Bitcoin as a store of wealth amid “economic uncertainty and rising inflation.”

Keeping Bitcoin off exchanges reduces the risk of unexpected sell-offs, stabilizing prices. Reduced exchange supply may increase volatility, especially if demand grows or remains stable.

This scenario suggests a more turbulent but more robust Bitcoin market with less selling pressure and more long-term holders, which might lead to new price peaks.

Bitcoin's Rise Slows

After hitting an all-time high (ATH) of $93,477 on Wednesday, November 13, BTC has fallen 4%. The asset has struggled to rise and is now selling off.

Bitcoin is trading below $90,000 at $89,779, down 1.4% today. This price drop reduced its market worth by $49 billion on Wednesday.

Today, BTC's market cap is $1.775 trillion, down roughly 5% from $1.835 trillion two days ago. Bitcoin traded below $85 billion everyday this week, down from $100 billion.

BTC's drop has affected a few traders beyond its market size and trading volume. Coinglass reports that 170,215 trades had been liquidated in the previous 24 hours, totaling $510.13 million.

#NextMarketMoves #BTC PennsylvaniaBitcoinReserve $BTC

Dogecoin Price Flashes Bull Flag Hourly, Can It Reach $1?

After an hourly bullish trend, Dogecoin may surge again. It may shortly surge to the psychological $1 price level.

Hourly Dogecoin Chart Shows Bull Flag

Skidad, a crypto expert, reported that Dogecoin's hourly chart showed a bull flag on TradingView. The expert also said the Fibonacci fan is reaching support. Based on this, Skidad predicted an upside DOGE breakout.

This bull flag bodes well for Dogecoin, which is stabilizing following a 100% gain in seven days. The bullish pattern suggests the uptrend will resume soon after the leading meme currency consolidates for the next leg up.

According to the analyst's chart, Dogecoin might reach its ATH at $0.73 on its next leg up. That might lead to another rise to $1. Master Kenobi, who accurately forecasted the Dogecoin bull run, projected this price level for DOGE by December 2nd.

Crypto expert Dj Anas also projected that Dogecoin will hit $1 by year-end. Fibonacci levels support DOGE's upward trend, the expert predicted.

Dogecoin might reach $2 by December, Kevin claimed in a recent X post. The expert advised DOGE to temper the indications and prepare for the next move for two weeks. He said this is supported by history.

As Dogecoin rose to its current ATH in 2021, the analyst said it had repeated one- to three-week good consolidation periods. Dogecoin would benefit most from a consolidation period, he argues.

Dogecoin's initial retracement objective is the golden pocket level of $0.26 to $0.30, according to the expert. Kevin said a 30% to 40% pullback from the local peak is excellent in a bull market.

#MemecoinWars #DOGE #NextMarketMoves $DOGE

XRP Whales Buy More: Wallets With 1M+ Tokens Reach Record Level

Following the market's recent optimism, whales, or wealthy investors, are buying up XRP in significant amounts, signaling high faith in the altcoin's prospects.

Large Investor Holdings Reach Record High

Big investors' mindset and acceptance of crypto assets have changed as the number of wallets containing at least 1 million tokens has climbed to record levels in over 4 years, making XRP whales news. Santiment, a leading market intelligence and on-chain data platform, posted on X about the accumulation bump.

The site reports that these wallets own 45.61 billion XRP, the most since June 2018. Whales and sharks have also gained 3.44 billion tokens in the previous two years, an 8.16% rise.

The rise in adoption demonstrates strong confidence in its long-term prospects amid better market and regulatory circumstances. It also shows a strategy by these investors before the anticipated market climb to greater highs.

While huge investors have been buying the cryptocurrency, Santiment said that XRP traders had earned over 40% in the last week, confirming its potential as a digital asset.

This encouraging development comes after the token's fresh ascent to numerous major resistance levels, which market analysts feel might be the start of a wider rise to a new all-time high.

Crypto expert is certain the commodity will reach a new price top. His prediction relies on strong technical indications and cycle tendencies to predict price momentum.

The market analyst predicts that XRP will climb by more than 300% from its current price level to $3.30, comparing to prior performances. Javon Marks believes the move may represent the start of the asset's rise, given the overall outlook.

#XRP #XRPBulls #Altcoins $XRP

Trump Crypto Venture Joins Chainlink for Off-Chain Data

A Trump-affiliated decentralized financial network would partner with a well-known oracle supplier.

Many believe a strategic cooperation might alter decentralized finance technologies.

World Liberty Financial announced a data feed integration deal with Chainlink, a well-known oracle provider, for its decentralized financial initiative.

Trump-backed decentralized financial platform stated Chainlink integration will deliver real-time, tamper-proof data from Oracle pricing feeds.

World Liberty Financial claimed Chainlink will offer the platform the “security and reliability” it needs to start the next wave of decentralized finance broad adoption in a press statement.

World Liberty Financial Web3 Ambassador Eric Trump said the Chainlink alliance is a huge step for the platform. “Never before have we been more bullish on crypto or the overall future of DeFi technology,” Trump said.

Integrating Chainlink Price Feeds on Ethereum's mainnet with the World Liberty Financial Protocol would start Chainlink adoption. It's a step toward the platform's World Liberty Financial Aave v3 instance launch, which is pending permission.

World Liberty Financial stated in a press statement that the Protocol's goal is to provide users with information and access to third-party decentralized finance applications, which could boost the adoption of US dollar-based stablecoins and keep the greenbacks as the world's reserve currency.

Trump's decentralized finance platform might lead the DeFi field by pulling inspiration from his promise of greater open access financial possibilities to maintain the US dollar's global stature.

Chainlink Co-Founder Sergey Nazarov was excited to partner with World Liberty Financial and assist with “data, cross-chain and all other oracle network needs.”

"The Chainlink standard is already widely used across DeFi and will help WLFI attract users who value the security and reliability that has grown DeFi as an industry," Nazarov said.

#WorldLibertyXChainlink $LINK

Cardano price prediction: ADA rises 18%, seeks $1 due to purchasing pressure and rumors

ADA may have rallied because to speculations about the federal government using Cardano to construct a blockchain-based electoral voting system.

ADA's exchange traffic and open interest indicate positive investor demand.

Since Donald Trump's election, Cardano's ADA has been a crypto market star. The previous nine days have seen ADA gain almost 100%. Friday's market cooldown didn't stop the cryptocurrency from surging beyond $0.6837.

Rumors that the newly founded Department of Government Efficiency (DOGE) may use Cardano to develop a federal blockchain election voting and identity verification system may explain the previous 24 hours' bullish movement. Neither the DOGE nor Cardano community leaders verified the rumors.

According to Coinglass, bulls raised ADA's exchange net flows once its price reached $0.57. ADA saw $50.89 million in net currency outflows on Tuesday and Wednesday, its biggest since 2024. Increased exchange net outflows suggest investor buying pressure.

Price movement reflects buying pressure in the ADA market despite exchange flows switching to inflows in the previous two days.

The futures market has also favored ADA, pushing its open interest above $550 million for the first time since March.

Derivatives market open interest is the number of contracts outstanding. Prices rising with open interest imply optimistic momentum.

ADA expected to hit $0.8 after rebounding off 14-day EMA
Since bouncing off the 14-day Exponential Moving Average (EMA) on Thursday, Cardano has surged roughly 18% in 24 hours.

The currency is testing $0.6837 resistance. If ADA closes above this resistance, it might challenge its yearly high of $0.8104.

ADA's lengthy gain after breaking out of a seven-month negative trend on November 6 boosts positive momentum.

The RSI is overbought, suggesting ADA may correct.

A daily candlestick closing below $0.4570 disproves bullishness.

#Cardano #Ada #NextMarketMoves $ADA

Has the $1 Target Been Replaced by Dogecoin's 100% Explosion Following This Historic Rally?

With a 112% increase in value over the previous week, Dogecoin (DOGE) has risen to prominence as a leading cryptocurrency. By taking the lead in yet another meme currency fad, DOGE demonstrates that it is still capable of dominating the cryptocurrency market.

Factoring in speculation and the meteoric rise of social interaction on X, Reddit, Telegram, and other platforms, meme-based cryptocurrencies are outperforming most assets, according to Santiment research.

DOGE's bull market gains reached 30,700% in 2021, a new high. But steep corrections are commonplace with parabolic rises; for example, it fell 80% following its 2017 advance. Traders need to be wary with Dogecoin since it is about to encounter significant resistance levels that may impact its short-term trajectory.

According to statistics supplied by CoinCheckup, recent estimates suggest that the price of DOGE is expected to appreciate by 107% during the three-month period, considering the current speed of market trends and rising demand.

Predictions for the longer term reveal a more moderate uptick; a 43% increase in six months and a 31% increase in a year are in the works. This gradual steadiness suggests that DOGE has the potential to maintain its upward momentum even if the initial enthusiasm wanes.

What is Driving Dogecoin's Recent Gains?

According to Santiment's research, meme-related disputes are common in cryptocurrency forums, which correlates with the DOGE rally and a rise in social dominance. The present market's speculative nature is borne out by the increased community participation, which also signals a resuscitated retail presence. The argument for sustained momentum in the short term is bolstered by an uptick in trade activity.

#MemecoinWars #DOGE #ElonMusk $DOGE

Ethereum Price Prediction: 60% recovery despite recent fall

Ethereum's recent price drop may be due to increased exchange reserves and diminishing on-chain activity.

Ethereum ETFs lost $3.2 million, ending their inflow run.

If Ethereum bounces off $2,817 to confirm the inverted head and shoulders pattern, it might rise 60%.

A increasing exchange reserve and falling network costs may explain Ethereum (ETH)'s latest price drop, which is approaching $3,000 on Friday. ETH might soar 60% if it breaks $2,817 support.

Ethereum has fallen since Tuesday's three-month peak of $3,372. A number of on-chain actions may explain its decline:

CryptoQuant reports that Ethereum exchange reserves rose 141,000 ETH worth $430 million in 24 hours. Increased exchange reserves signal stronger selling pressure. The rise in ETH's exchange reserves may explain its 7% drop in two days.

A modest dip in on-chain activity may also explain the price drop. Ethereum's total transaction fees dropped from 5.65K ETH on Wednesday to 3.88K ETH on Thursday. After rising since November 9, ETH's total fees fell on Thursday, indicating a reduction in user activity.

Ethereum ETFs lost $3.2 million on Thursday, breaking their inflow run, according to Coinglass. This is their first net outflow since November 4. ETH ETFs' trading volume reached $1.63 billion, their highest since debut, notwithstanding outflows.

Ethereum price forecast: ETH could rise 60% from $2,817 support.

Ethereum fell 1.7% after $54.48 million in 24-hour liquidations. Long and short liquidations were $37.81 million and $16.66 million.

Top cryptocurrency is challenging its 14-day EMA at $3,000 psychological barrier. ETH may rebound from $2,817, its critical support level from April to July, if it continues to fall.

A bounce from $2,817 will confirm an inverted head-and-shoulders pattern that might push ETH to $4,522 by 60%. It must clear important resistance levels including $3,400, $3,562, $3,732, and its annual high of $4,093.

#ETH🔥🔥🔥🔥 #BTCBreaks93k #MemecoinWars $ETH

Bonk Rises 85% as Big Traders Buy in—Could It Reach $1?

Investors and traders are interested in Bonk, the Solana blockchain meme currency, which has risen 85%.

The coin's future is questionable as it challenges important support levels around $0.00002635.

Bonk wants to stabilize these levels. However, market dynamics and trading behavior will determine whether it maintains positive momentum or deteriorates mood.

Bonk's near-term prognosis depends on if it can hold $0.00002635. A new cryptocurrency caught their eye and garnered momentum among Bonk traders during this delay.

Bonk's price increase faced resistance around $0.00004002, which may determine its next market cycle phase.

Bonk retreated to test vital support at $0.00002812.

This level matches the 100-day Simple Moving Average (SMA), which indicates a token's bullish or bearish market structure.

If Bonk bounces off this support, the currency may continue to rise.

However, a breach below this level might imply a longer correction.

The 4-hour graphic shows Bonk's pivotal moment. RSI decreased from 80% to 75%, suggesting decreasing buying pressure.

This change suggests the coin is overbought and vulnerable to a reversal.

With Bonk trading above the 100-day SMA, bulls appear to be in charge.

If the price falls below this moving average, a bearish crossover might further depress the price.

If the currency breaches its current levels without a rebound, it might challenge $0.00002320, the next significant support.

Market attitude about Solana's performance also affects Bonk's price movement.

Since Bonk is built on Solana, big SOL price movements might damage it.

Bonk's debut on Binance.US increased enthusiasm, raising the chart before consolidating.

#BONK #NextMarketMoves #MemecoinWars #BTCBreaks93k $BONK

Shiba Inu Battles at $0.000035—What Next?

SHIB's price movement shows a fight at $0.000030, indicating a key moment. Despite breaking out of long-term downtrends, SHIB's rising momentum appears to be stalling. SHIB tokens require a strong push to stay above the 0.618 Fibonacci retracement level at $0.0000255, currently approaching $0.000025. Weekly and daily charts show this resistance level and repeated unsuccessful efforts at higher highs, highlighting the battle ahead.

The nearest support is the 0.5 Fibonacci level at $0.0000214, which might exacerbate negative pressure and challenge the lower trendline. However, recent price consolidation suggests another move higher, especially if the SHIB token gains momentum. Could a breakout push SHIB to new highs, or will it retrace?

Technically, the cryptocurrency's RSI value at 60.93 implies slight bullish enthusiasm. Despite falling short of the overbought 70 barrier, it may continue to rise. Since momentum has changed, the minor downward shift in RSI suggests cautious optimism.

This mixed signal suggests buyers are there but losing confidence. The Directional Movement Index (DMI) confirms the bullish view, with the +DI (blue) line at 33.9052 above the -DI (red) line at 12.0740, indicating buyer control. However, the Average Directional Index (ADX) reading of 23.1376 suggests that bulls are leading, but the trend may not be strong enough to support a breakthrough.

The SHIB token's daily chart shows an 8.44% drop in value in 24 hours, bringing its market cap to $13.89 billion. This negative price action lowered its trading volume by 46.92%, reflecting investor skepticism after earlier volatility.

The cryptocurrency has considerable liquidity with a volume-to-market cap ratio of 13.28%, but the sudden volume decline suggests short-term momentum is fading. If this negative trend continues, the SHIB cryptocurrency might retrace to prior lower highs near $0.000019 and plummet to $0.000017, the 0.382 Fibonacci retracement level.

#SHIB #NextMarketMoves #MemecoinWars $SHIB

Michael Saylor expects Bitcoin will reach $100K by year-end

The US election prompted MicroStrategy Executive Chairman Michael Saylor to predict Bitcoin will reach $100,000 by year-end.

Bitcoin hit a record high above $93,200 on Wednesday after the US CPI report.

MicroStrategy added $2.03 billion in Bitcoin on Monday, bringing its total to 279,420 BTC.

Michael Saylor, MicroStrategy's executive chairman, expects Bitcoin will reach $100,000 by 2024, calling the US election the most crucial event for Bitcoin in four years.

Saylor told CNBC on Friday that he will organize a New Year's Eve party at his house, anticipating Bitcoin to hit a record high. He downplayed fears that Bitcoin may fall below $30,000, saying it might not dip below $60,000.

“It should rise from here. My $100,000 celebration will likely occur on New Year's Eve at my residence. “I would be surprised if we don’t go through $100,000 in November or December,” Saylor said.

The cryptocurrency hit a record high of almost $93,200 on Wednesday after the US CPI report. The stock is at $89,800 on Friday, up 3% in 24 hours.

Saylor's optimism reflects Bitcoin's recent gains, boosting his confidence in its year-end ascent.

Bitcoin hits $75,000 after Trump wins.

The executive chairman of MicroStrategy connected Bitcoin's current bull run to Donald Trump's election and the GOP's House and Congress control.

After Trump was elected president, Bitcoin reached a record $75,000, suggesting a favorable market trend. Ethereum (ETH), Solana (SOL), and meme currencies follow Bitcoin as a crypto benchmark.

According to the Stand With Crypto campaign, 272 pro-crypto House candidates, mostly Republicans, have won seats, suggesting strong legislative support for the business.

On Monday, MicroStrategy invested $2 billion in Bitcoin, bringing its total to 279,420 BTC. As the largest corporate Bitcoin holder, MicroStrategy gains with this acquisition.

#BTCBreaks93k #BTC100K $BTC

XRP Could Reach $1 Today as Influencer Hints to Epic Pump

XRP, Ripple's cryptocurrency, has risen significantly. The price is around $0.80 currently. This increase follows SEC Chair Gary Gensler's possible resignation, which many feel might improve cryptocurrency regulation.

Legal Challenge to SEC

The SEC was sued by 18 states, including Texas and Florida, on November 14 for unlawful bitcoin regulation. The DeFi Education Fund's complaint claims that the SEC's aggressive prosecution of crypto companies without clear standards has stifled innovation and violated states' rights to control own economies.

Kentucky Attorney General Russell Coleman said this court action seeks to reduce excessive federal regulation that hurts digital market consumers.

Possible Gensler Resignation Implication
Gensler said he was honored to serve at the SEC in a Practicing Law Institute lecture, hinting to his retirement. His resignation might signal the conclusion of Ripple's legal struggle for XRP's security status.

In addition to these legislative reforms, Ripple will create a USD-backed stablecoin on its ledger, improving its ecosystem and utility for consumers and developers. This should boost XRP Ledger adoption and liquidity.

Analysts expect XRP to climb to $1 or more as market confidence improves for the reasons above.

After Trump became president in 2024, cryptocurrency saw significant investment. XRP is currently $0.8543, up 18.9% in 24 hours. Weekly and monthly gains for XRP exceed 50%.

#NextMarketMoves #XRP #Ripple $XRP

Binance Rules As Bitcoin Futures Volume Peaks During Historic Price Rally

Bitcoin reached a fresh all-time high on November 13, sparking crypto market activity.

The futures market has been particularly affected, with BTC/USDT trading volume rising. This growth indicates a period of significant market involvement, with Binance leading the way.

The analyst said on CryptoQuant QuickTake that spot and futures trading activity has increased on major controlled exchanges.

BTC/USDT trading volume on all major platforms has hit $129 billion, with Binance contributing $50.2 billion.

The rise in futures trading has sparked concerns about market stability and volatility. As Crazzyblockk highlighted, fast expansion in Bitcoin's derivatives sector, especially futures, typically causes market swings.

The CryptoQuant analyst added:

This may temporarily raise demand, but it generally causes significant volatility and pullbacks.

Investors and traders should be cautious due to the “overheated” market, the researcher said. Using his words:

Given the current situation, investors and traders should be cautious, avoid hurried speculation, and wait for price stability before acting.

Bitcoin Outlook
Bitcoin has fallen 6.1% to $87,977 in the previous day. After reaching a record high above $93,000 yesterday, the price is falling.

BTC is 5.9% down from its high after trading below $88,000. Despite this ongoing slump, famous crypto researcher Ali recently revealed an intriguing BTC pattern.

#Binance240MUsers #BTCBreaks93k #USUALonLaunchpool&Pre-Market $BNB