🟠 US$ 1,6 bilhão em #Bitcoin shorts serão liquidados em US$ | TopCryptoNews na Binance Square

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🟠 US$ 1,6 bilhão em #Bitcoin  shorts serão liquidados em US$ 70.000 👀
#BTC  

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🚀 Mantra ($OM ) Secures New All Time High with 191% Surge The crypto market is moderately bullish, with the total market cap settled at $3.09 trillion. The largest cryptocurrency, Bitcoin, trades at $91.8K. The asset’s dominance led the altcoins to surge. While Ethereum (ETH) rests at the $3.1K mark. Investors are focusing on the promising altcoins, as the alt-season is looming. Among the altcoins, MANTRA (OM) has hit its all-time high at $4.47 and is listed in the top five gainers. The asset’s positive outlook with a 25.52% gain drove it to trade higher for the day. As of writing, OM is traded at $4.18 with a market cap of $3.73 billion. During this timeframe, CMC data revealed that Mantra’s daily trading volume was $769 million. Meanwhile, the asset has witnessed a 24-hour liquidation of $7.64 million. Over the past seven days, Mantra has gained over 191%. It began trading at $1.39. The mid-week high is marked at $1.84, and the asset steadily soared to the current price levels. On the other side, a whale has deposited 600K OM worth $2.55 million to Binance. The whale had previously withdrawn 1.49 million OM in June 2023. With 889K Mantra valued at $3.76 million still held, its estimated profit stands at $6.26 million. Notably, whale activity has increased as the asset’s price hikes. As per on-chain data, on Nov 16, a whale withdrew 1.2 million OM from Binance. The whale’s estimated profit now stands at $36.94 million. 🔸 Can OM Keep Its Bullish Trend Alive? OM’s Moving Average Convergence Divergence (MACD) line rests above the signal line, inferred by the four-hour technical chart. It suggests the upside pressure and an impending positive sentiment. Besides, the Chaikin Money Flow (CMF) indicator is located at 0.21, indicating a positive money flow with buyers steering the market. Meanwhile, the trading volume of OM has surged by over 33.85%. According to analysts, if the asset’s positive sentiment remains strong, it can effortlessly break the all-time high. #OM #Mantra

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🐸 PEPE Price Could 10x: Why This Meme Coin is Gaining Traction After closing above the prior all-time high (ATH) last week, frog-themed meme coin, Pepe (PEPE), has confirmed a new rising trend. The mid-cap meme coin, with a fully diluted valuation of about $8.8 billion and daily traded volume of around $4.8 billion, rallied over 150 percent in the last two weeks, thus entering its much-awaited price discovery phase. Having consolidated more than seven months, the PEPE price is now well bolstered to rally exponentially in the coming months. Moreover, the meme coin industry is expected to lead in the upcoming altcoin season, which will be triggered by a major drawback of Bitcoin’s weekly dominance. 🔸 Why is #PEPE Price Moving Ahead of Others? As a top-rated meme coin on the Ethereum ecosystem, with deep liquidity on various DeFi protocols, Pepe has attracted more investors in the recent past. Moreover, Dogecoin (DOGE), the largest meme coin, broke out of a multi-week bearish consolidation, thus signaling the onset of another meme season. Last week, the Pepe community received major support via the listing on top-tier cryptocurrency exchanges led by Coinbase Global Inc. (NASDAQ: COIN) and Robinhood Markets Inc. (NASDAQ: HOOD). 🔸 Short Term Target This leg up looks quite like in February. In just 40 days, price of $PEPE went more than 10x, from $0.000009 to $0.0001 in. If this repeats we might see $0.0009 by December 16. That would be quite a Christmas gift! 📈 With the Pepe shorts having converted to longs, which has strengthened the macro short squeeze, the Ether-based meme coin will continue to rally ahead. From a technical analysis standpoint, the PEPE price could be following a similar bullish breakout to the February 2024 rally. If such a scenario plays out, the PEPE price could easily make a 10x from the recent bullish breakout towards $0.0009. In the 1-hours time frame, Pepe price has been forming a potential bullish pennant, which could yield a rally toward a new ATH. #pepecoin

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📊 Hedera News: Trump’s Pick for SEC Chairman Might Be HBAR’s Own Brian Brooks SEC Chair Gensler, an obstacle to the US becoming a crypto hub, is expected to resign soon just as past SEC chiefs have after elections and to be replaced by Brian Brooks. While Trump committed to fire Gensler on the first day of his second term, he legally cannot do so without justification until Gensler’s term ends in 2026. Conversations surrounding the next U.S. Securities and Exchange Commission (SEC) chair have surged on social media, focusing on possible successors to Gary Gensler. Former Binance CEO, and board member of the Hedera Foundation, Brian Brooks has become a top contender on the increasingly short list for the next SEC Chair. As reported by CNF, Brian Brooks has been a prominent figure in the crypto industry, and has a strong background in financial regulations, having served as the Acting Comptroller of the Currency. In 2021, he briefly became the CEO of Binance.US but left after a few months due to strategic differences. He then joined Bitfury, a leading Bitcoin mining startup, as CEO. Throughout his career, Brooks has advocated for sensible cryptocurrency regulations and uses his expertise to help crypto companies with compliance issues. Other potential candidates to succeed Gary Gensler as SEC Chairman include Dan Gallagher, Chief Legal Officer at Robinhood, former SEC Commissioner Paul Atkins, and lawyer Brad Bondi. While former CFTC Chairman Christopher J. Giancarlo has downplayed rumors of his nomination, the other individuals remain strong contenders for the role, each with relevant experience in financial regulation and law. President-elect Donald Trump promised to remove Gensler on his first day in office if he does not resign by himself at the Bitcoin 2024 conference in Nashville this summer. One notable voice in this discussion is, Crypto Lawyer James Murphy, better known as MetaLawMan stated on X that former SEC leaders have typically announced their resignations within weeks of a new president being elected #HBAR #Hedera

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⭐️ Tron’s TRX Could Reach $20, Founder Justin Sun Predicts Justin Sun, the founder of the Tron blockchain, predicts an astonishing $20 price target for TRX. Sun shared this bold outlook on X, reacting to an analyst’s prediction for TRX’s potential in the current bull market. TRX is trading at $0.2048, up 25% over the past week. 💬 It’s 20 $, not 20 cents — H.E. Justin Sun🌞(hiring) (@justinsuntron) November 17, 2024 🔸 TRX Set to Explode After Seven Years of Compression On X, analyst Intuit Trading warned crypto market participants not to be surprised if seven years of price compression during the bear supercycle on TRON ends with explosive upside momentum—possibly driving TRX to over $20 as early as this year. Notably, TRX has been trading below its all-time high of $0.30004 for seven years. The asset failed to reach a new peak in 2021 despite the bull momentum sparked by Bitcoin’s $69K peak. However, the analyst believes TRX could set a new all-time high in this cycle. Currently, TRX is trading just 31% below its seven-year-old all-time high. Remarkably, Tron founder Justin Sun shares the sentiment that TRX could reach $20 once the projected breakout occurs. At its current price of $0.2048, reaching $20 would require a 97-fold increase or a 9,665% gain. With a circulating supply of 86.38 billion TRX, a $20 price tag would elevate the asset’s market capitalization to over $1.7 trillion—turning it into a trillion-dollar asset. 🔸 $20 Just the Beginning In a follow-up comment, Intuit Trading suggested that $20 may only be the beginning for TRX. The analyst believes that with the dollar’s ongoing collapse and rising inflation over the next few decades, TRON’s value could continue to rise much higher. According to the analyst, the real question is not whether TRX will reach $200 or $2,000 but when—and that moment may arrive sooner than most expect. #TRX #Tron

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📊 Why Is #Cardano Price Poised To Hit ATH Soon? Cardano price has noted a robust rally after Donald Trump's election win, with current market trends and experts' forecasts hints at a new ATH soon for ADA. The recent Cardano price rally has caught the eyes of investors, with the ADA surge hinting that the crypto might hit a new ATH soon. Besides, a flurry of developments around Founder Charles Hoskinson has also sparked optimism in the market over further rallies. So, let’s explore the potential reasons that may help ADA price to continue its gain in the coming days. 🔸 Reasons Why Cardano Price Poised To Hit ATH Soon A flurry of recent market developments hints at potential ATH for Cardano price soon. For context, in a recent X post, Cardano founder Charles Hoskinson lauded the ADA community, citing it as the “best community” and said that it has the best entrepreneurs as well. Besides, he also predicted the Voltaire update to make the ecosystem the “finest government ever assembled by humanity.” This post reveals the founder’s confidence in the community, which could extend the ongoing rally in ADA price. Additionally, Charles Hoskinson visiting Elon Musk’s SpaceX office has also sparked speculations, especially given the individual’s growing influence in the US political landscape. Besides, Hoskinson has recently said that he would support the Trump Government in shaping crypto legislation. He aims to help the US administration in crafting clear regulatory frameworks for digital assets, which have faced regulatory pressure over the past few years. 🔸 #ADA Rallies As US Appeal Soars The recent comments from Ripple CEO Brad Garlinghouse have also sparked market optimism. In a recent FOX Interview, Garlinghouse said that XRP, ADA, SOL, and other crypto issued by the US companies have noted strong rallies in recent days, surpassing other crypto. He said that the anticipation over pro-crypto policies under the Republican government has fueled the rally, while many anticipate the Trump rally to continue to the crypto.

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