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Solana bull benefited that altcoin: JUP exceeded 2 billion TVL. Jupiter (JUP), one of the most active decentralized exchanges in the Solana ecosystem, has grown along with the memecoin craze. As the crypto market continues to be active, investor interest has shifted to decentralized exchanges. Traders are using decentralized exchanges to find potential memecoins. This activity has been a lifeline for #Jupiter , one of the most popular decentralized exchanges on the #Solana network. Hosting an average transaction volume of $400 million, Jupiter has reached a total locked asset (TVL) of over $2 billion. AMBCrypto stated that the JUP price has potential to rise. In the prepared analysis, the price levels that need to be broken for an uptrend were evaluated. Jupiter (JUP) analysis Jupiter (JUP), which is in the Solana ecosystem, has increased by nearly 10 percent in recent days with increasing transaction frequency and investor interest. According to AMBCrypto’s analysis, JUP gained upward momentum by breaking the descending triangle formation and exceeding $2 billion TVL. Another factor shaping bullish expectations was social dominance. While Jupiter’s popularity increased, liquidation data pointed to investor interest. JUP price touched $1.3233 the other day, but failed to hold on. The popular altcoin fell to $1.20 during the day. Bollinger Bans (BB) on the JUP chart signaled increased price volatility. JUP may retest the $1.27 resistance with strong buying activity. If this resistance level is broken and maintained, the price is expected to move to the $1.78 resistance. The analysis included the following; “The Relative Strength Index (RSI) reached 70, reflecting intense buying pressure, while also warning that the asset poses excessive risk in the short term.” AMBCrypto, who predicted that JUP would reach the $1.78 resistance, stated that short-term pullbacks would be considered normal. On the other hand, if the $JUP price cannot overcome the $1.27 resistance, it may pull back to $1.
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Bitcoin (BTC) is gaining strength: These 5 altcoins are ready for the bull run. Bitcoin, which has been holding above $ 90,000, has triggered sharp increases in the altcoin market. BTC, which has been around $ 90,000 for a few days, has started to please altcoin investors. With the decline in dominance, money flowing into altcoins has increased. Especially XRP exceeding $ 1 in a short time has attracted attention. 1- Hedera (HBAR) $HBAR , one of the shining stars of the 2021 bull, has increased by 41.02 percent in the last 24 hours. #HBAR , which has reached the top of the list with this increase, reminded itself again. If BTC remains above $ 90,000 or BTC dominance decreases, the rise in the parity may continue. 2- Mantra (OM) $OM , which has stood out with its relentless rise in recent days, has increased by 23.31 percent in a short time. The popular altcoin, which stepped on the gas after exceeding $ 4, is currently trading at $ 4.18. If #OM breaks $ 4.50, the upward momentum may increase even more. 3- Stellar (XLM) $XLM , which exploded after #XRP exceeded $ 1, showed a performance of 14.18 percent in the last 24 hours. XLM, which entered the list from the third place, left a critical threshold behind. XLM investors can currently follow the $ 0.25 band as resistance. 4- Ripple (XRP) Rumors that Gary Gensler will resign sent the XRP price flying. XRP, which increased by 10.08 percent in the last 24 hours, approached $ 1.20. If the SEC pressure decreases, the $ 1.50 band can be targeted for XRP. This target will vary depending on market conditions. 5- Peanut the Squirrel (PNUT) #PNUT , which Elon Musk has been posting about for a few days, has increased by 4.68 percent in the last 24 hours. PNUT, which attracted attention after being listed on major cryptocurrency exchanges, has reached a market value of $1.67 billion. If Musk continues to share about PNUT, the upward movement may intensify even more.
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New US minister: “I invested most of my wealth in Bitcoin” Trump, who was elected as the 47th President of the United States, continues to prepare for the position he will take on on January 20. Trump has started to determine the ministers of the new government. Trump, who is known to be a Bitcoin supporter, has pro-crypto names in his government. Robert Kennedy Jr., who participated in the presidential elections as an independent candidate and withdrew from the race to support Trump, has become the new US Minister of Health. Bitcoin comment from a name in the new US government Robert Kennedy Jr., one of the names that will take part in the new cabinet, has been a Bitcoin advocate for a long time. Kennedy Jr. argues that Bitcoin is a tool that will reduce inflation in fiat currencies. Kennedy Jr., who entered Trump’s cabinet, made headlines with the statements he made on November 16. The famous politician signaled that he will continue to buy Bitcoin. Kennedy Jr., who drew attention with his pro-crypto statements, made the following statements; “I am a big supporter of Bitcoin. I was at another Bitcoin conference here a year ago. I came home and invested most of my wealth in Bitcoin, so I am completely in it.” Amid the discussions in the US about whether Bitcoin will be a strategic reserve, the fact that a pro-Bitcoin name is sitting in the Health Minister’s seat has created expectations. The crypto community predicts that the US government will approach Bitcoin, accompanied by Kennedy Jr. According to Kennedy Jr.’s policies, Bitcoin can protect the US dollar from devaluation because it has a limited supply. Kennedy Jr., who stated that he bought Bitcoin for his children, used the following statements; “Immediately after the Bitcoin conference, I received a big check and bought two Bitcoins for each of my seven children.” Kennedy Jr. thinks that #Bitcoin is inevitable for governments. $BTC $ETH $BNB #CryptoDeNostradame #ParrotBambooCrypto
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Signal from Binance: These 5 altcoins may explode soon! Binance, which published an article on Decentralized Science (DeSci) on November 17, has winked at a new trend in the altcoin market. DeSci, a scientific research model that promotes transparency, collaboration and open access in scientific research using blockchain technology, has become popular recently. An article published by Binance on November 17 about DeSci increased the interest in this category. 1- Origin Trail (TRAC) TRAC, which has the highest market value ($330 million) in the DeSci field, has exhibited a stable price movement in the last week. However, with the start of the DeSci trend, sharp increases can be observed in TRAC. The resistance level to be considered for the popular altcoin will be the $ 1 band. 2- VitaDAO (VITA) Another popular cryptocurrency on the DeSci side is VITA. VITA, which has increased by 62 percent in the last 24 hours and 260 percent in the last week, seems to be making its mark on the bull season. With the DeSci trend gaining strength, expectations from VITA will increase. As of the writing of the news, VITA has a market value of $ 160 million and is changing hands at $ 6.26. 3- ResearchCoin (RSC) RSC, which has increased by 22.5 percent in the last 24 hours, is among the ambitious names of the DeSci trend. RSC, which has increased by 160 percent in the last week, has reached a market value of $ 100 million. With this threshold being exceeded, both the RSC price and the DeSci trend will gain positive movement. 4- AxonDAO Governance Token (AXGT) AXGT, which has shown a performance of 120 percent in just one week, continues to give positive signals. AXGT, which is not yet listed on major cryptocurrency exchanges, has a market value of $ 83 million. The resistance zone to watch out for the pair will be the $0.50 band. 5- HairDAO (HAIR) Another potential DeSci coin is HAIR. HAIR, which has a market value of $60 million as of the writing of the news, has increased by 40 percent in the last week. With the DeSci category becoming a new trend, the rise in HAIR seems to continue
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Ripple (XRP) will struggle greatly. Ripple (XRP), which managed to rise above $ 1 after three years, may have to consolidate its place in the coming days. $XRP , one of the most popular altcoins in the crypto industry, rose above $ 1 for the first time since 2021. The rise that took place on November 16 created excitement among crypto investors. Many investors speculated that XRP would reach $ 10. AMBCrypto suggested in its XRP analysis that the bullish cycle may be coming to an end. The analysis titled “The real test is coming now” touched on the circulating supply and the memecoin craze. According to the XRP analysis prepared by AMBCrypto, the bulls will need to maintain the $ 1 level as a support point. If this level is lost, the price may decline sharply. The following statements were included in the analysis; “Although the outlook for $XRP is promising, the price needs to consolidate its place. Patience and caution should be exercised.” The analysis emphasized that one of the biggest obstacles to XRP’s rise is memecoins. In every uptrend cycle, memecoins that attract new investors surpass major altcoins. Memecoins are consistently among the highest-rising altcoins of the day. Stating that XRP will struggle greatly, the analysis noted the following; “Considering market sentiment, XRP may need to wait a little longer to reach $2.” It was suggested that short-term traders in XRP may start taking profits and that a decline may be seen if the momentum cannot be maintained. Stating that XRP slowed down after exceeding $1, AMBCrypto said the following; “Data shows that investors who are afraid of Bitcoin entering a risky area are strategically moving away from riskier assets.” According to the analysis, if the #XRP price holds on to $1, a rise towards $1.15 may be seen. The rise in question may occur when profit sales are melted in the $1 region. In fact, if XRP can reclaim the $1.15 level, it could touch its all-time high of $1.2698. #CryptoDeNostradame #ParrotBambooCrypto
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