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I am here to captivate you with literary prowess in this realm of digital currency. Serving (daily) unique perspective to this crypto industry.
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Three Altcoins that Captured our attention in the first week of November
PancakeSwap, launched in September 2020, is a decentralized exchange and automated market maker with a user-friendly interface and a range of features aimed at providing a fast, low-fee, and transparent trading experience.
In October, PancakeSwap reported impressive growth and development, including the development of a guide to use Fiat on-ramp and exploring ways to expand its ecosystem and integrations with other blockchains.
WEMIX, a blockchain-based platform, aims to empower digital content
In October, PancakeSwap reported impressive growth and development, including the development of a guide to use Fiat on-ramp and exploring ways to expand its ecosystem and integrations with other blockchains.
WEMIX, a blockchain-based platform, aims to empower digital content
Would You Trust/Join FTX if it rebrands to another exchange?
The statement from SEC Chair Gary Gensler that FTX could be rebooted under new leadership suggests that the SEC is open to the possibility of the exchange continuing to operate.
This is significant news for the crypto industry, as it could potentially allow FTX to regain its footing after the collapse under Sam Bankman-Fried's leadership.
There are a few different ways that a rebooted FTX could work, including being acquired by a new owner or being restructured and relaunched under the same name
This is significant news for the crypto industry, as it could potentially allow FTX to regain its footing after the collapse under Sam Bankman-Fried's leadership.
There are a few different ways that a rebooted FTX could work, including being acquired by a new owner or being restructured and relaunched under the same name
'Rich Dad Poor Dad' Author, Robert Kiyosaki, Issues Critical Warning.
Robert Kiyosaki continues to buy Bitcoin despite market fluctuations. He also issued a critical warning to his followers.
Kiyosaki believes the US government is pushing the population towards poverty and advises people to take care of themselves and their loved ones.
The financial expert suggests working hard, spending wisely, and investing in safe haven assets like gold, silver, and Bitcoin.
Kiyosaki has been tweeting about the worsening economic situation in the US throughout 2021, citing bank
Kiyosaki believes the US government is pushing the population towards poverty and advises people to take care of themselves and their loved ones.
The financial expert suggests working hard, spending wisely, and investing in safe haven assets like gold, silver, and Bitcoin.
Kiyosaki has been tweeting about the worsening economic situation in the US throughout 2021, citing bank
Shiba Inu Preparing to Remove Another Zero
After a spike in large transactions, $65.87 million worth of SHIB have been moved in the last 24 hours.
This is a 406% increase from Nov. 8's figure of 1.57 trillion SHIB being moved in large transactions.
Large transactions are defined as transfers of more than $100,000 and indicate the involvement of whales or large holders.
The Large Transactions Volume indicator shows the total amount transferred in large transactions in crypto terms.
This spike in large transaction volume suggests that
This is a 406% increase from Nov. 8's figure of 1.57 trillion SHIB being moved in large transactions.
Large transactions are defined as transfers of more than $100,000 and indicate the involvement of whales or large holders.
The Large Transactions Volume indicator shows the total amount transferred in large transactions in crypto terms.
This spike in large transaction volume suggests that
Polygon is a Massive Winner This Week
Polygon (MATIC) has seen a jump of 54% in just three weeks, reaching $0.80 for the first time since July.
Whale activity and accumulation have been strong factors driving the recent surge in MATIC's market cap.
In the last 24 hours, MATIC has gained 7.39% and 21.32% in the past week.
MATIC recorded the highest number of transactions of $100,000 or more in a single day since July.
Large wallets holding 100,000 to 10 million MATIC have been accumulating in the past two weeks, supporting the token'
Whale activity and accumulation have been strong factors driving the recent surge in MATIC's market cap.
In the last 24 hours, MATIC has gained 7.39% and 21.32% in the past week.
MATIC recorded the highest number of transactions of $100,000 or more in a single day since July.
Large wallets holding 100,000 to 10 million MATIC have been accumulating in the past two weeks, supporting the token'
What Is Shiba Inu (SHIB) Cryptocurrency!
The Shiba Inu cryptocurrency, known by its ticker symbol SHIB, has emerged as a prominent player in the crypto market.
Rising from the world of internet memes, SHIB has garnered a loyal following and evolved from just a joke coin to a serious contender in the decentralized finance space.
Launched in August 2020, SHIB was created by an anonymous entity or group known as Ryoshi.
But it wasn't just meant to be a meme coin; it was designed to embody a decentralized movement.
With a fixed supply of o
Rising from the world of internet memes, SHIB has garnered a loyal following and evolved from just a joke coin to a serious contender in the decentralized finance space.
Launched in August 2020, SHIB was created by an anonymous entity or group known as Ryoshi.
But it wasn't just meant to be a meme coin; it was designed to embody a decentralized movement.
With a fixed supply of o
The Crypto Bull Run
The crypto market is on an upward trend today, with major cryptocurrencies such as Bitcoin, Ethereum, Cardano, and Solana seeing gains.
This rally can be attributed to a few key factors, including growing interest from institutional investors.
On November 9, it was confirmed that BlackRock, a major asset management firm, is planning to launch a spot Ethereum exchange-traded fund (ETF).
This news has sparked a positive sentiment among investors and could lead to a significant influx of capital in
This rally can be attributed to a few key factors, including growing interest from institutional investors.
On November 9, it was confirmed that BlackRock, a major asset management firm, is planning to launch a spot Ethereum exchange-traded fund (ETF).
This news has sparked a positive sentiment among investors and could lead to a significant influx of capital in
Bitcoin (BTC) Surpasses Tesla
Bitcoin has surpassed Tesla in market capitalization, with a value of $730.90 billion compared to Tesla's $675.61 billion.
This marks a significant achievement for the pioneering cryptocurrency, which has seen a strong recovery from previous setbacks.
Bitcoin's current price stands at around $37,373, a 7.77% increase over the past five days, while Tesla's stock has dropped by 4.65%.
The cryptocurrency has experienced remarkable growth this year, with a year-to-date increase of over 125%, compare
This marks a significant achievement for the pioneering cryptocurrency, which has seen a strong recovery from previous setbacks.
Bitcoin's current price stands at around $37,373, a 7.77% increase over the past five days, while Tesla's stock has dropped by 4.65%.
The cryptocurrency has experienced remarkable growth this year, with a year-to-date increase of over 125%, compare
The Tokens to Keep an Eye On - AAVE, PEPE, and UNI.
AAVE, PEPE, and UNI are three tokens that have recently gained significant attention from investors.
Data from X (formerly Twitter) shows that these tokens have seen positive net flow, indicating accumulation rather than sell-offs.
This suggests that the market is preparing for an upswing, which could potentially have a positive impact on their prices.
AAVE has seen some inconsistencies in its recent price action, but the majority of the trend has been bullish.
The token's price has risen by ove
Data from X (formerly Twitter) shows that these tokens have seen positive net flow, indicating accumulation rather than sell-offs.
This suggests that the market is preparing for an upswing, which could potentially have a positive impact on their prices.
AAVE has seen some inconsistencies in its recent price action, but the majority of the trend has been bullish.
The token's price has risen by ove
Bitcoin Experiment Generated Higher Returns than Hodling
Academic researchers have found that applying the efficient market hypothesis (EMH) to Bitcoin trading can generate higher profits than simply hodling.
EMH is a controversial theory that suggests an asset's share price reflects fair market value and all applicable information, making it impossible to outperform the market through timing or intuition.
Typically, proponents of EMH recommend investing in low-cost passive portfolios rather than trying to beat the market.
The research team in Gree
EMH is a controversial theory that suggests an asset's share price reflects fair market value and all applicable information, making it impossible to outperform the market through timing or intuition.
Typically, proponents of EMH recommend investing in low-cost passive portfolios rather than trying to beat the market.
The research team in Gree
Bitcoin could reach $150,000 in 2025.
Analysts predict a bullish run for Bitcoin in 2025, with prices potentially reaching as high as $150,000.
This increase is expected to be driven by the upcoming halving event and the anticipated approval of Bitcoin exchange traded funds.
Despite experiencing a 45% decline from its peak in 2021, Bitcoin has already risen over 120% this year.
According to experts, Bitcoin follows a four-year cycle, with each cycle consisting of four phases: break-out, hype, correction, and accumulation.
The pr
This increase is expected to be driven by the upcoming halving event and the anticipated approval of Bitcoin exchange traded funds.
Despite experiencing a 45% decline from its peak in 2021, Bitcoin has already risen over 120% this year.
According to experts, Bitcoin follows a four-year cycle, with each cycle consisting of four phases: break-out, hype, correction, and accumulation.
The pr
Traders approach the current crypto landscape in various ways, with some believing that the early stages of a bull market began in January 2022 and others remaining wary after the recent bear market.
One trader uses breakouts as a signal to enter trades, increasing trading activity during what they see as the current "Crypto Spring."
Another strategy involves taking profits on a project that has risen in value and using the remaining funds to generate passive income.
Correlated arbitrage involves taking advantage of similar price movements between two assets to make a profit.
Some traders diversify their portfolio by trading in different markets, such as stocks, forex, and crypto.
Leverage is used with caution by traders, with many avoiding high levels to prevent potential losses.
Scalping, a common trading approach, involves buying and selling within short time frames and identifying trends and patterns in price movements.
One trader uses breakouts as a signal to enter trades, increasing trading activity during what they see as the current "Crypto Spring."
Another strategy involves taking profits on a project that has risen in value and using the remaining funds to generate passive income.
Correlated arbitrage involves taking advantage of similar price movements between two assets to make a profit.
Some traders diversify their portfolio by trading in different markets, such as stocks, forex, and crypto.
Leverage is used with caution by traders, with many avoiding high levels to prevent potential losses.
Scalping, a common trading approach, involves buying and selling within short time frames and identifying trends and patterns in price movements.
The cryptocurrency realm has created a new class of billionaires who have leveraged digital currencies and blockchain technology to amass significant wealth.
According to MilkRoad Daily's list, the world's richest crypto and blockchain billionaires include Binance's CEO with a net worth of $10.2 billion.
The second spot is occupied by the CEO of Coinbase, a leading cryptocurrency exchange in the United States, with a net worth of $4.1 billion.
Ripple's co-founder ranks third on the list with a net worth of $2.6 billion, followed closely by his fellow co-founder and creator of Stellar with a net worth of $2.4 billion.
The co-founders of Alchemy, a popular blockchain development platform, each have a net worth of $1.8 billion.
The Winklevoss twins, early investors in Bitcoin and co-founders of Gemini exchange, round off the list with a net worth of $1.5 billion each.
Their success stories serve as a testament to the potential of cryptocurrencies and blockchain technology, but it's important for potential investors to conduct thorough research and exercise caution due to the high volatility of the crypto market.
According to MilkRoad Daily's list, the world's richest crypto and blockchain billionaires include Binance's CEO with a net worth of $10.2 billion.
The second spot is occupied by the CEO of Coinbase, a leading cryptocurrency exchange in the United States, with a net worth of $4.1 billion.
Ripple's co-founder ranks third on the list with a net worth of $2.6 billion, followed closely by his fellow co-founder and creator of Stellar with a net worth of $2.4 billion.
The co-founders of Alchemy, a popular blockchain development platform, each have a net worth of $1.8 billion.
The Winklevoss twins, early investors in Bitcoin and co-founders of Gemini exchange, round off the list with a net worth of $1.5 billion each.
Their success stories serve as a testament to the potential of cryptocurrencies and blockchain technology, but it's important for potential investors to conduct thorough research and exercise caution due to the high volatility of the crypto market.
Analyst Daan Crypto Trades believes that Chainlink (LINK) is currently following the Wyckoff pattern and going through an accumulation phase, which has been surprisingly long in duration.
Despite starting the week at $11.29, LINK initially saw a dip to its weekly low of $10.66, before the bulls gained momentum and pushed the price upwards.
Today, LINK reached its highest value of $14.9, representing a 29% increase in just seven days.
From May 2022 until late October 2023, LINK was in an accumulation phase, with its value fluctuating between $5.7 and $9.7.
However, the recent surge in price has been supported by volume, as indicated by the rising Accumulation/Distribution Line (ADL) with a value of $907 million.
Despite this, LINK has touched its upper Bollinger band, leading to predictions of a potential retracement towards the $11.4 support level.
Overall, the current trajectory suggests that LINK has the potential to reach $18 in the near future, but may experience dips along the way.
Despite starting the week at $11.29, LINK initially saw a dip to its weekly low of $10.66, before the bulls gained momentum and pushed the price upwards.
Today, LINK reached its highest value of $14.9, representing a 29% increase in just seven days.
From May 2022 until late October 2023, LINK was in an accumulation phase, with its value fluctuating between $5.7 and $9.7.
However, the recent surge in price has been supported by volume, as indicated by the rising Accumulation/Distribution Line (ADL) with a value of $907 million.
Despite this, LINK has touched its upper Bollinger band, leading to predictions of a potential retracement towards the $11.4 support level.
Overall, the current trajectory suggests that LINK has the potential to reach $18 in the near future, but may experience dips along the way.
Grayscale's Chainlink Trust, a digital asset investment product, has seen record highs as its GLINK premium rate increases by 223.86%.
Other Grayscale trusts for cryptocurrencies Solana, Filecoin, and Stellar have also reached record highs with premium rate increases of 630.82%, 1016.63%, and 122.76%, respectively.
GLINK's premium rate surge coincides with a record trading volume of 20,102 GLINK on November 9.
Grayscale's GSOL, GXLM, FILG have also experienced large positive premiums, but they are under $10 million in assets under management.
GLINK's price, known as the secondary price, is trading at $44.1 while LINK's primary price is $13.62 on November 8.
Grayscale's Chainlink Trust holds 300.07K LINK and allows investors to gain exposure to LINK's price without directly buying, storing, and trading the cryptocurrency.
Grayscale has a total of 14 trusts for different cryptocurrencies, including Bitcoin and Ethereum, and is currently awaiting a verdict on its application for a Bitcoin spot ETF with the U.S. SEC.
Other Grayscale trusts for cryptocurrencies Solana, Filecoin, and Stellar have also reached record highs with premium rate increases of 630.82%, 1016.63%, and 122.76%, respectively.
GLINK's premium rate surge coincides with a record trading volume of 20,102 GLINK on November 9.
Grayscale's GSOL, GXLM, FILG have also experienced large positive premiums, but they are under $10 million in assets under management.
GLINK's price, known as the secondary price, is trading at $44.1 while LINK's primary price is $13.62 on November 8.
Grayscale's Chainlink Trust holds 300.07K LINK and allows investors to gain exposure to LINK's price without directly buying, storing, and trading the cryptocurrency.
Grayscale has a total of 14 trusts for different cryptocurrencies, including Bitcoin and Ethereum, and is currently awaiting a verdict on its application for a Bitcoin spot ETF with the U.S. SEC.
Staking is a popular way to earn passive income by holding cryptocurrency, using the Proof of Stake algorithm to secure the blockchain network and receive rewards.
To start staking, you choose a platform with Staking functionality based on factors such as minimum threshold, profit, and cryptocurrency options.
The minimum threshold is the amount of cryptocurrency needed to start staking, and profit is determined by the annual percentage yield (APY) and annual percentage rate (APR).
BetFury is an example of a crypto platform with up to 50% APY, daily payouts, and the ability to withdraw rewards in multiple cryptocurrencies.
Staking systems can offer flexible or lock-up periods, with BetFury having a 24-hour lock-up period.
Compared to Mining, Staking is more energy-efficient and does not require expensive equipment, making it a preferred option for many crypto investors.
Staking has its advantages and disadvantages, such as potential for high passive income and lower risks, but also periods of cryptocurrency lock-up and sharing of profits and fees.
To start staking, you choose a platform with Staking functionality based on factors such as minimum threshold, profit, and cryptocurrency options.
The minimum threshold is the amount of cryptocurrency needed to start staking, and profit is determined by the annual percentage yield (APY) and annual percentage rate (APR).
BetFury is an example of a crypto platform with up to 50% APY, daily payouts, and the ability to withdraw rewards in multiple cryptocurrencies.
Staking systems can offer flexible or lock-up periods, with BetFury having a 24-hour lock-up period.
Compared to Mining, Staking is more energy-efficient and does not require expensive equipment, making it a preferred option for many crypto investors.
Staking has its advantages and disadvantages, such as potential for high passive income and lower risks, but also periods of cryptocurrency lock-up and sharing of profits and fees.
The highly anticipated announcement of GTA VI is expected to occur this week and will have significant implications for the gaming industry.
There is speculation that the new GTA game will incorporate cryptocurrencies, potentially becoming one of the most significant crypto adaptations in existence.
GTA VI has been eagerly awaited by players around the world, with a trailer projected to be released next month in honor of Rockstar Games' 25th anniversary.
GTA V, the previous installment, had 11 million active monthly users in 2022, demonstrating the immense popularity of the franchise.
The rumor of cryptocurrencies being integrated into GTA VI has generated excitement among both players and crypto enthusiasts, as major companies are increasingly entering the Play-to-Earn and metaverse spaces.
China's recent 3-year development plan focused on Web3 and Metaverse may lead to further adoption of cryptocurrencies, allowing the country to potentially pave the way for the next wave of crypto adoption.
Layergg, a cryptocurrency analysis company, has identified several altcoins that may be affected by the release of GTA VI and other developments in the gaming and metaverse sectors.
There is speculation that the new GTA game will incorporate cryptocurrencies, potentially becoming one of the most significant crypto adaptations in existence.
GTA VI has been eagerly awaited by players around the world, with a trailer projected to be released next month in honor of Rockstar Games' 25th anniversary.
GTA V, the previous installment, had 11 million active monthly users in 2022, demonstrating the immense popularity of the franchise.
The rumor of cryptocurrencies being integrated into GTA VI has generated excitement among both players and crypto enthusiasts, as major companies are increasingly entering the Play-to-Earn and metaverse spaces.
China's recent 3-year development plan focused on Web3 and Metaverse may lead to further adoption of cryptocurrencies, allowing the country to potentially pave the way for the next wave of crypto adoption.
Layergg, a cryptocurrency analysis company, has identified several altcoins that may be affected by the release of GTA VI and other developments in the gaming and metaverse sectors.
Bitcoin hits $37,000 for first time since May 2022 amid optimism over approval of spot BTC exchange-traded funds in the US.
This recent price surge has been attributed to the pending approval of 12 separate spot Bitcoin ETFs within the next week.
Analysts predict that there may be a lag time of a month or more before these highly-anticipated offerings actually launch, even if they are approved by the Securities and Exchange Commission (SEC).
Grayscale, the largest cryptocurrency asset manager in the US, is also reportedly engaging directly with the SEC to convert its Grayscale Bitcoin Trust to a spot Bitcoin ETF.
The US has yet to see a spot Bitcoin ETF approved, which would allow investors to gain indirect exposure to a financial product backed by BTC.
BTC briefly hit the $37,000 mark before retracting, with data from various market platforms showing the surge taking place at 8.09 am EST on Nov. 9.
The wider markets reflect optimism over the pending approval of ETFs, as it would open up more opportunities for institutional and retail investors to enter the market.
This recent price surge has been attributed to the pending approval of 12 separate spot Bitcoin ETFs within the next week.
Analysts predict that there may be a lag time of a month or more before these highly-anticipated offerings actually launch, even if they are approved by the Securities and Exchange Commission (SEC).
Grayscale, the largest cryptocurrency asset manager in the US, is also reportedly engaging directly with the SEC to convert its Grayscale Bitcoin Trust to a spot Bitcoin ETF.
The US has yet to see a spot Bitcoin ETF approved, which would allow investors to gain indirect exposure to a financial product backed by BTC.
BTC briefly hit the $37,000 mark before retracting, with data from various market platforms showing the surge taking place at 8.09 am EST on Nov. 9.
The wider markets reflect optimism over the pending approval of ETFs, as it would open up more opportunities for institutional and retail investors to enter the market.
Despite Bitcoin reaching $37,000 and showing strong gains, traders are skeptical of the recent price surge.
Material Indicators noted that there is no strong support for BTC at its current level and that volume is declining.
The lack of volume during this uptrend is concerning to some, as it could lead to a potential correction.
Skew pointed out that there is a large selling force at the $40,000 level, which could affect market sentiment.
Meanwhile, open interest in BTC futures has reached a 7-month high, indicating growing interest and potential for further price increases.
However, market commentator Tedtalksmacro cautioned that the market tends to fade these open interest impulses during bear markets.
Ultimately, the market's reaction to increasing open interest could be a key indicator of future price movement.
Material Indicators noted that there is no strong support for BTC at its current level and that volume is declining.
The lack of volume during this uptrend is concerning to some, as it could lead to a potential correction.
Skew pointed out that there is a large selling force at the $40,000 level, which could affect market sentiment.
Meanwhile, open interest in BTC futures has reached a 7-month high, indicating growing interest and potential for further price increases.
However, market commentator Tedtalksmacro cautioned that the market tends to fade these open interest impulses during bear markets.
Ultimately, the market's reaction to increasing open interest could be a key indicator of future price movement.
Recent data shows an interesting trend for Bitcoin, with over 700,000 new BTC addresses created in one day. This suggests strong demand for the cryptocurrency and could be seen as a bullish signal.
This expansion of the network has historically preceded upward movements in Bitcoin's price as scarcity takes hold and buyers are motivated to increase bids.
Despite altcoins leading the market's rally, Bitcoin's price has remained stable around $35,000. However, a 16% increase in trading volume indicates underlying buying interest, which could lead to further stability and a price increase.
Key levels to watch out for are $34,314k, $34,714, and $35,119, which represent important support and resistance thresholds. These could determine whether Bitcoin maintains its momentum and reaches the significant $40,000 level.
Capital inflows into cryptocurrency funds have also been observed, reaching the highest levels since the last bull market peak. This is a sign of growing investor confidence and reinforces the market demand for Bitcoin.
The convergence of increased trading activity, substantial inflows, and the buzz around a potential Bitcoin ETF could propel the cryptocurrency's price even higher.
If these trends continue, a meaningful recovery in Bitcoin's price could be on the horizon. This reinforces the belief of market analysts that there is strong demand for Bitcoin and bodes well for its future performance.
This expansion of the network has historically preceded upward movements in Bitcoin's price as scarcity takes hold and buyers are motivated to increase bids.
Despite altcoins leading the market's rally, Bitcoin's price has remained stable around $35,000. However, a 16% increase in trading volume indicates underlying buying interest, which could lead to further stability and a price increase.
Key levels to watch out for are $34,314k, $34,714, and $35,119, which represent important support and resistance thresholds. These could determine whether Bitcoin maintains its momentum and reaches the significant $40,000 level.
Capital inflows into cryptocurrency funds have also been observed, reaching the highest levels since the last bull market peak. This is a sign of growing investor confidence and reinforces the market demand for Bitcoin.
The convergence of increased trading activity, substantial inflows, and the buzz around a potential Bitcoin ETF could propel the cryptocurrency's price even higher.
If these trends continue, a meaningful recovery in Bitcoin's price could be on the horizon. This reinforces the belief of market analysts that there is strong demand for Bitcoin and bodes well for its future performance.