Optimism (OP) Price Pattern Points to a Breakout, 340% Gains on the Horizon?
OP – the native token of one of the major layer-2 networks Optimism – has witnessed a more than 22% surge in the past week alone owing to the crypto market rally. At the time of writing, the asset is trading near $1.70 as it forms an ascending triangle pattern.
Experts suggest that this pattern could push its price higher.
OP’s Bullish Breakout Potential
According to popular crypto analyst Ali Martinez’s latest tweet, OP has historically demonstrated a tendency to form market bottoms through
Here’s When Ripple’s Stablecoin Is Expected to Launch: President Monica Long
TL;DR
Ripple’s RLUSD stablecoin is in beta testing, with a launch pending regulatory approval.
The team has picked Bitstamp, Bitso, Uphold, and others as exchange partners for the upcoming introduction.
RLUSD’s Progress so Far
Ripple made the headlines in April this year, announcing plans to introduce a stablecoin pegged 1:1 to the US dollar. In the following months, the team revealed that the product’s name will be RLUSD and will be available on the XRP Ledger (XRPL) and Ethereum.
Watch Out: Shiba Inu (SHIB) Team Warns the Community About a Dangerous Scam
TL;DR
Users are warned to avoid interaction with individuals who shill “random tokens.”
Scammers often mimic official SHIB channels and accounts on social media. The community should rely on trusted sources and be wary of new information from unknown accounts.
‘Always Stay Vigilant’
Shibarium Trustwatch – an X account providing security tips to Shiba Inu (SHIB) users – issued another important piece of advice during this bullish run.
Earlier this week, the team alerted the community to be e
Ethereum Price Analysis: ETH Correction to $3K Incoming After Peaking At $3.4K?
The cryptocurrency market has seen a strong uptrend following President Trump’s election, with Ethereum experiencing a significant surge as buyers take control.
However, the market now appears ready for a correction phase to allow consolidation before further gains.
Technical Analysis
By Shayan
The Daily Chart
The influx of new participants and investors on the daily chart has led to an impulsive uptrend, driving Ethereum’s price above the 100-day and 200-day moving averages. This momentum
Bitcoin Records New ATHs Daily, but Profit-Taking Is Low: What Does This Mean? (Bitfinex)
About a week ago, bitcoin (BTC) shattered its March all-time high (ATH) of $73,737 as the crypto market got excited about Donald Trump’s win in the United States presidential elections. Since then, the crypto asset has recorded a new ATH almost every day; it was worth $87,100 at the time of writing after it was rejected at $90,000.
Despite this dramatic rally, investors are not so keen on taking profits. Bitfinex analysts reported that the volume of profit-taking among BTC investors is signific
ADA took the market by storm after rallying 88% in a week.
Key Support levels: $0.60
Key Resistance levels: $0.70, $0.80
1. Buyers Return with a Vengeance
Nothing appears to stop ADA’s rally. It broke one resistance after another and is now found at 62 cents, almost double the price compared to early November! This performance is impressive and comes after ADA’s founder disclosed his plans to work with the US government on crypto-related policy.
Ever since Bitcoin moved above $74К, the altcoin market has started to rally in double digits. XRP is no different and registered a 14% increase in the past seven days. This pushed the price right under the key resistance at 68 cents which may fall at any moment.
Chart by TradingView 2. Buyers are Back, but Volume Lags
What a week has been for the cryptocurrency market, with bitcoin at the helm of gains. The past 24 hours alone saw the asset skyrocketed to $90,000 for the first time ever before it was stopped there.
The altcoins have posted impressive gains within the same timeframe as well, led by Dogecoin’s mindblowing rally.
BTC Stopped at $90K
The most bullish week in BTC’s recent history continued today. Recall that the asset struggled at $68,000 during the US election date last Tuesday but started to
DOGE Price Soars 150% Weekly but This Exploding Metric Hints At Further Gains
Dogecoin (DOGE) has emerged as one of the best-performing assets this month amidst a broader market rally. Over the past day alone, the OG meme coin has surpassed $0.4, reclaiming levels not seen since 2021 after surging nearly 50%.
With weekly gains now exceeding 150%, Dogecoin has climbed to the sixth position in the crypto rankings, signaling a renewed wave of interest from retail investors.
Retail Interest Drives Dogecoin
According to IntoTheBlock’s latest analysis, Dogecoin processed mor
4 Reasons Why the Cardano (ADA) Price Is Up Almost 100% in a Week
TL;DR
ADA has witnessed a notable rally as of late, driven by a broader crypto resurgence and other essential factors.
Over 60% of ADA holders now sit on paper profits, a significant improvement from August’s lows, when almost 90% were underwater.
ADA Keeps Rallying
Cardano’s ADA has been among crypto’s best performers in the past week, with its price exploding by approximately 93%. In fact, Dogecoin (DOGE) is the only one from the top 20 list registering more significant gains for the afore
Meme Coin Madness: Their Total Market Cap Hits an ATH of Over $120 Billion
TL;DR
Meme coins like DOGE, SHIB, PEPE, FLOKI, BRETT, and many more have charted double-digit price increases in the last 24 hours.
Conversely, MOG, SPX, and GIGA are among the few that have not followed the green wave.
Memes are on Fire
Meme coins have been performing really well since Donald Trump’s win in the US presidential elections. Earlier today (November 12), their total market capitalization exploded to an all-time high of more than $120 billion, representing a whopping 27% increase
What the FUD? Ethereum Adds Solana’s Entire Market Cap in 1 Week, ETFs See Record Inflow
Ethereum prices have surged a whopping 38% over the past seven days, outpacing Bitcoin’s gains, which were around 30% over the same period.
Moreover, Ethereum’s market capitalization has increased by more than $100 billion in less than a week. To put this into perspective, this is more than Solana’s entire market capitalization. This has pushed the ETH market cap over $400 billion for the first time since July.
The move wasn’t lost on crypto social media, with observers exclaiming, “And there
Bitcoin Adds $20K in a Week, but Dogecoin Performs Even Better
It has been nothing short of a spectacular week for the cryptocurrency market, led by the largest of the bunch, which continued to chart new peaks, with the latest coming hours ago.
The total crypto market cap saw a high of its own at over $3.1 trillion. However, the most mind-boggling price surge is coming from another asset – the largest meme coin by market cap.
CryptoPotato repeatedly reported Dogecoin’s price rallies over the past week, but it has been so impressive that it needs to be rea
Total Crypto Market Capitalization Hits New Peak At $3.1 Trillion
Total crypto market capitalization hit an all-time high of $3.12 trillion during early trading in Asia on Tuesday, Nov. 12. This has now topped the $3.08 trillion market cap peak hit in November 2021, almost three years ago to the day.
“Crypto market hits a $3 trillion market cap, returning to levels last seen in Nov. 2021,” commented Binance.
Digital asset markets have now gained 80% so far this year, rising from $1.72 trillion on Jan. 1 to over $3 trillion today.
Post-Election Landscape: Ark Invest’s Cathie Wood Says There’s More Clarity for Investments
Last week, the pro-crypto Republican presidential candidate Donald Trump won the United States election, paving the way for him to fulfill his many promises that could drive crypto adoption in the country.
Following Trump’s election victory, Ark Invest CEO and founder Cathie Wood stated in a recent video that there is more clarity in the investment landscape. In the 18-minute video, Wood discussed several events involving the country’s financial system that could play out in the new administrat
Alameda Research Files Lawsuit Against Waves Founder Ivanov to Recover $90M
Alameda Research, the trading arm of the bankrupt crypto exchange FTX, has filed a lawsuit against Aleksandr Ivanov, the founder of the Waves blockchain and its related entities.
The court filing on November 10th revealed that Alameda aims to recover at least $90 million, which it states belongs to the firm and the debtors involved in the FTX bankruptcy. Alameda reported that it had previously deposited these assets with Vires.Finance, a liquidity platform on the Waves network.
The Big Bitcoin Miracle: MicroStrategy (MSTR) Price Soars to an All-Time High
Shares in MicroStrategy (MSTR) – the world’s largest corporate Bitcoin owner – have surged to a new all-time high for the first time in 24 years amid Bitcoin’s scorching post-election rally on Monday.
MicroStrategy’s Triumphant Return
On Monday, MSTR opened at $296 per share –roughly 10% above Friday’s close. Soon after, the stock climbed throughout the day to $340 by the day’s end – a new record for the decades-old company software company.
The company’s last high was achieved in March of 20
Bitcoin Price 12% Away From $100K, Bullish Odds on Polymarket Soar
Bitcoin’s price is all the rage right now, charting one all-time high after another and raging on during its price discovery phase.
At the time of this writing, the cryptocurrency exploded above $88,000, increasing by a massive 10.6% in the past 24 hours alone.
Source: TradingView
Last week, when Donald Trump won the 2024 US Presidential Elections, CNBC analysts predicted that Bitcoin’s price will reach $100K by the end of the year.
Interestingly enough, there’s a market for that on Polymar
Majority Win: 54 Out of 58 US Candidates Supported By Crypto Super PACs Prevail
The cryptocurrency sector has notched a notable milestone in the just-concluded U.S. election, with more than 90% of industry-backed candidates sweeping through Congressional races.
The performance comes after crypto Political Action Committees (PACs) raised more than $238 million for the candidates through corporate contributions and personal donations from major players in the space.
Impressive Wins, Few Losses
According to Fox Business journalist Eleanor Terrett, with most vote counting do
A16z Foresees ‘Legitimate and Lawful’ Future for Crypto Tokens Under Trump
With former Donald Trump’s re-election to the U.S. presidency, Andreessen Horowitz, also known as a16z, is projecting a regulatory climate more favorable for the cryptocurrency industry.
The venture capital firm believes this could transform most crypto tokens into “legitimate and lawful” financial tools.
Innovation Within Regulatory Boundaries
In a November 10 post, a16z acknowledged questions from crypto founders seeking clarity on what this new administration may mean for their projects.