Notably, #shiba⚡ Inu has been in a bearish trend in recent days. The token even lagged behind the broader crypto market during the recent bull frenzy of the past two weeks. At the time, rival meme coins like PEPE and BONK set all-time highs with gains of over 200%, while others, like Dogecoin, surpassed their 2021 peak.
While Shiba Inu moved from $0.00001626 to $0.00003031 during the same time, it quickly lost momentum. Now, SHIB is struggling at around $0.000024, down 7% in its weekly performance.
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Despite a notable price increase in the broader market, Polygon’s (POL) price action has lagged behind its major-cap altcoin peers. The cryptocurrency experienced a 2.73% rise over the last 24 hours and a 17.41% weekly gain, showcasing modest upward momentum.
In contrast, other altcoins like Dogecoin (DOGE) and XRP have delivered stronger returns of over 120% during the current rally. This discrepancy has raised questions about #Polygon’s ability to compete.

On the daily chart, FLOKI shows a powerful reversal rally, having surged 128% in just 17 days after bouncing from the $0.000146 support level.
Currently, #FLOKI is trading at $0.00026, surpassing the key 78.60% Fibonacci level at $0.00025. This marks an important psychological milestone, and the recent bullish engulfing candle reinforces the uptrend.
Supporting this bullish outlook, the overnight surge has caused an uptick in the VI lines of the DMI indicator. This delayed the negative crossover and contributed to an increase in the ADX line, signaling stronger trend momentum.
Additionally, the exponential moving averages (EMAs) for the 50-day, 100-day, and 200-day periods remain positively aligned, further supporting the bullish trend.

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Bloomberg’s senior ETF analyst Eric Balchunas has recently predicted a date for a #Dogecoin ETF filing as the concept gains momentum.
Dogecoin has been at the center stage of this cycle’s bull run. Aside from its recent outstanding price performance, the token’s ties with Elon Musk have facilitated growing traction toward the meme coin.
Interestingly, Elon Musk has stated that he has no serious involvement with Dogecoin. However, his role in creating the Department of Government Efficiency (D.O.G.E.) parastatal, named after the leading meme coin, represents one of the moves from him exciting Dogecoin proponents. While Dogecoin remains a joke coin, its growing popularity has sparked speculation about an exchange-traded fund that tracks the asset’s performance. With the clamoring piling up, Bloomberg’s senior analyst Eric Balchunas recently teased the idea.
Best Date to Submit a Dogecoin ETF
In response to an X post, Balchunas noted that December 31 is the best time to apply for a Dogecoin ETF. 
In the context of his comment, the ETF expert seems to be echoing the input from ETF Store’s president, Nate Geraci. For context, Geraci squarely told a user asking when an issuer would file for a Dogecoin ETF that it was a “no brainer.”
The ETF Store president argued that any issuer applying for a DOGE ETF could be doing so for brand publicity rather than financial gains, implying that the filing would be a marketing stunt to endear itself to the Dogecoin community. Notably, a similitude of this move is the XRP ETF application from newly debuted asset manager Canary Capitals.
Meanwhile, Balchunas stated earlier that a Dogecoin ETF is not as odd as it looks. While noting that he is surprised no issuer has filed for the product, he hinted that an application could be imminent.

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XRP has been trading in the $1 price range for six consecutive days without dropping below that level. Currently changing hands at $1.11 as of press time, XRP is up by 103% over the last two weeks. This represents a significant feat for an asset that has underperformed in the market for years.
While XRP’s price action in recent weeks has been commendable, the asset remains significantly below its peak valuation. Specifically, at its current price, XRP is still trading at a 71% discount from its all-time high of $3.84.

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With the crypto market reaching a valuation of $3.15 trillion, Bitcoin has created a new all-time high (ATH), surpassing the $97,000 mark.
After three consecutive bullish weeks, Bitcoin’s price has risen by more than 40%, forming a triple white soldier pattern. This surge in bullish sentiment increases the chances of a potential parabolic bull run ahead.

An anonymous investor has drawn attention within the crypto community after acquiring a vast amount of PEPE tokens in one transaction. 
According to Lookonchain, the unknown investor spent $2 million worth of USDC to purchase 105,328,301,633 (approximately 105.33 billion) PEPE in a single transaction. 
The transaction, which marks the user’s first-ever PEPE purchase, occurred on November 20 at 06:36 p.m. (UTC). Before the transaction, the user deposited $1 million worth of USDC and an additional $999,999 to the address before scooping the 105.33 billion PEPE tokens. 
At press time, the address has a balance of 105.33 billion PEPE tokens, representing the portfolio’s largest asset by dollar value. 

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The recent launch of Bitcoin ETF options has spurred whale activity, pushing BTC to a new all-time high.
Bitcoin surged past $94,000 on Tuesday, achieving an all-time high as BlackRock launched new Bitcoin exchange-traded fund (ETF) options. The development has reignited interest in crypto markets, with analysts pointing to the ETF’s success as a catalyst for further price increases.
Additionally, Grayscale Investments has also revealed plans to introduce options trading on its spot Bitcoin ETFs, set to launch on Wednesday.

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Leading exchange-traded product issuer 21Shares AG has rebranded its Ethereum product to include staking services for investors.
21Shares AG announced today that it has upgraded its European-traded Ethereum Core ETP.  The asset manager called its new version the Ethereum Core Staking ETP, providing fund holders with staking functions.
With the update, holders of the Ethereum ETP—with ticker ETHC—can now stake their stash for rewards. This allows users to profit on two fronts: holding the ETP that tracks Ethereum’s performance while also reaping staking rewards.

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Bitcoin, the world’s largest crypto, recently hit a new all-time high, trading over $94,000 before slightly easing to $92,000. The bullish momentum persisted, pushing prices up another 1.5% in the latest session to surpass $93,000.

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President-elect Donald Trump is considering pro-crypto lawyers to replace SEC chair Gary Gensler following promises to create a friendly environment for crypto.
A recent report shows a new candidate for the SEC chair role has emerged. The exposition, citing people familiar with the issue, noted that crypto lawyer Teresa Goody Guillen is now a top contender for the job.

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The ongoing spectacular price action from Cardano (ADA) has been marked by several positive on-chain metrics.
With ADA trading at $0.8127, the altcoin has experienced an explosive rise of over 115% in the last two weeks, breaking an eight-month high. While profit-taking by retail investors briefly pushed ADA below the $0.80-mark, large investors (whales) are determined to send the asset higher with massive accumulation.

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