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Crypto to Buy Before Bitcoin Price Soars to $100,000!
XRP is currently one of the most bullish coins worth paying attention to. The token is gaining new positive sentiment from investors, especially with the pro-crypto regime set to take over cryptocurrency development in the US.
With Gensler stepping down from his role at the US SEC, this development has the potential to push the price of $XRP to new highs, making it an asset worth holding for the long term.
According to CoinCodex data, XRP is currently at $1.69 and is expected to reach $2 in April 2025.
#marketdownturn #BecomeCreator #Altcoinseason2024
XRP is currently one of the most bullish coins worth paying attention to. The token is gaining new positive sentiment from investors, especially with the pro-crypto regime set to take over cryptocurrency development in the US.
With Gensler stepping down from his role at the US SEC, this development has the potential to push the price of $XRP to new highs, making it an asset worth holding for the long term.
According to CoinCodex data, XRP is currently at $1.69 and is expected to reach $2 in April 2025.
#marketdownturn #BecomeCreator #Altcoinseason2024
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Alert ! Pepe Bulliesh !
Pepe Reaches ATH, Major Moves Ahead
The Ethereum-based Pepe token has been one of the best performers in this market cycle. Last week, on November 14, $PEPE reached its all-time high of $0.00002524 after major exchange listings. This marks a significant rise over the past 30 days.
Now the token is trading around $0.00002012 increased 2.18% in last 24H.
What was driving this momentum was Pepe’s listing on both Coinbase and Robinhood on November 14. This has opened up Pepe to a whole new section of traders, naturally driving demand. For that reason, whales are also buying up the token. For instance, one whale bought 309.6 billion Pepe tokens, at a price of $6.45 million.
Even as Pepe reached its ATH, technicals are showing resilience. After briefly reaching overbought territory, with a relative strength index (RSI) at 70, technicals have improved. Despite Pepe’s record market cap, most indicators show buy signals. Moving averages, in particular, indicate a strong buy.
Pepe Reaches ATH, Major Moves Ahead
The Ethereum-based Pepe token has been one of the best performers in this market cycle. Last week, on November 14, $PEPE reached its all-time high of $0.00002524 after major exchange listings. This marks a significant rise over the past 30 days.
Now the token is trading around $0.00002012 increased 2.18% in last 24H.
What was driving this momentum was Pepe’s listing on both Coinbase and Robinhood on November 14. This has opened up Pepe to a whole new section of traders, naturally driving demand. For that reason, whales are also buying up the token. For instance, one whale bought 309.6 billion Pepe tokens, at a price of $6.45 million.
Even as Pepe reached its ATH, technicals are showing resilience. After briefly reaching overbought territory, with a relative strength index (RSI) at 70, technicals have improved. Despite Pepe’s record market cap, most indicators show buy signals. Moving averages, in particular, indicate a strong buy.
Double-Digit XRP Price If the Altcoin Fulfills One Condition
Crypto analysts are thrilled about the possibility of a double-digit XRP price, which could see the token’s price reach up to $20. However, the altcoin must regain its 2017 high against Bitcoin to achieve that feat.
The hopeful prediction of a double-digit XRP price follows the altcoin capitalizing on the current crypto rebound, which saw XRP gain 5% in 24 hours, beating all the major cryptocurrencies. In the meantime, as expected, the arrival of Thanksgiving saw Bitcoin spared from the imminent crypto massacre everyone had feared would take place.
The crypto market is currently riding on a recovery wave that saw XRP bounce from the lows of $1.28 earlier in the week to exchange hands between $1.3 and $1.4 psychological levels during Friday trading. Analysts expect the altcoin to solidify its position and climb to $1.5. In the meantime, Bitcoin showed signs of recovery and rose from Thursday’s price of $93,500 to trade above $96,000 on Friday.
According to crypto analyst CryptoBull, analysis surrounding the price of XRP in the USD/BTC pair shows that this could be an early Bull Run. CryptoBull opines that while the market was still 1,500% behind value relative to early 2017, we could easily see a double-digit XRP price. “If we meet the same Bitcoin value, the $XRP price will be around $20.”
XRP has had a difficult time catching up with the flagship cryptocurrency since January 2018, when it achieved an all-time high of $3.31. Moreover, the altcoin’s price has dipped continuously relative to BTC recently. However, current data indicates a change in the trend, with XRP amazingly surging 111% against BTC, indicating the possibility of a breakout leading to a double-digit XRP price. CryptoBull suggests that for XRP to confirm the breakout, it must close November above the trend line against Bitcoin.
source:thebitjournal.com
#marketdownturn #Altcoinseason2024 #TipsTradingFuture
Crypto analysts are thrilled about the possibility of a double-digit XRP price, which could see the token’s price reach up to $20. However, the altcoin must regain its 2017 high against Bitcoin to achieve that feat.
The hopeful prediction of a double-digit XRP price follows the altcoin capitalizing on the current crypto rebound, which saw XRP gain 5% in 24 hours, beating all the major cryptocurrencies. In the meantime, as expected, the arrival of Thanksgiving saw Bitcoin spared from the imminent crypto massacre everyone had feared would take place.
The crypto market is currently riding on a recovery wave that saw XRP bounce from the lows of $1.28 earlier in the week to exchange hands between $1.3 and $1.4 psychological levels during Friday trading. Analysts expect the altcoin to solidify its position and climb to $1.5. In the meantime, Bitcoin showed signs of recovery and rose from Thursday’s price of $93,500 to trade above $96,000 on Friday.
According to crypto analyst CryptoBull, analysis surrounding the price of XRP in the USD/BTC pair shows that this could be an early Bull Run. CryptoBull opines that while the market was still 1,500% behind value relative to early 2017, we could easily see a double-digit XRP price. “If we meet the same Bitcoin value, the $XRP price will be around $20.”
XRP has had a difficult time catching up with the flagship cryptocurrency since January 2018, when it achieved an all-time high of $3.31. Moreover, the altcoin’s price has dipped continuously relative to BTC recently. However, current data indicates a change in the trend, with XRP amazingly surging 111% against BTC, indicating the possibility of a breakout leading to a double-digit XRP price. CryptoBull suggests that for XRP to confirm the breakout, it must close November above the trend line against Bitcoin.
source:thebitjournal.com
#marketdownturn #Altcoinseason2024 #TipsTradingFuture
DOGE Gain ETF?
Dogecoin, which was initially only considered a meme coin, is now increasingly showing its potential as a serious financial instrument.
In a Coin Bureau Youtube broadcast, Arthur Hayes, co-founder of BitMEX, predicted that Dogecoin would gain an exchange-traded fund (ETF) in this market cycle.
“This is the oldest memecoin, it's on Robinhood. "If you think about Tradfi getting into crypto and they'll put an ETF in whatever they can, it's a high market cap," Hayes said.
Another factor why a $DOGE ETF might happen is support from Elon Musk. Rumors about the possible integration of Dogecoin as a payment method on the X platform (formerly known as Twitter) owned by Musk have increased market anticipation.
If Arthur Hayes' predictions prove correct, the launch of the Dogecoin ETF could be a major step in bringing this cryptocurrency into the financial mainstream, cementing its position not just as a meme coin, but as a serious and sustainable investment instrument.
#marketdownturn #Memecoin2024 #BecomeCreator
Dogecoin, which was initially only considered a meme coin, is now increasingly showing its potential as a serious financial instrument.
In a Coin Bureau Youtube broadcast, Arthur Hayes, co-founder of BitMEX, predicted that Dogecoin would gain an exchange-traded fund (ETF) in this market cycle.
“This is the oldest memecoin, it's on Robinhood. "If you think about Tradfi getting into crypto and they'll put an ETF in whatever they can, it's a high market cap," Hayes said.
Another factor why a $DOGE ETF might happen is support from Elon Musk. Rumors about the possible integration of Dogecoin as a payment method on the X platform (formerly known as Twitter) owned by Musk have increased market anticipation.
If Arthur Hayes' predictions prove correct, the launch of the Dogecoin ETF could be a major step in bringing this cryptocurrency into the financial mainstream, cementing its position not just as a meme coin, but as a serious and sustainable investment instrument.
#marketdownturn #Memecoin2024 #BecomeCreator
What Happened with Bitcoin?
According to Juan Pellicer, a Senior Researcher at IntoTheBlock, December will be a bullish month for Bitcoin. This bullish bias will be driven by “unprecedented institutional demand via Bitcoin ETF inflows,” which will push the coin price above US$100,000.
Nevertheless, another analyst, Brian Quinlivan, Principal Analyst at Santiment, predicts a bullish December for Bitcoin. According to Quinlivan, Bitcoin crypto whales will drive this growth if they continue to accumulate this king coin.
While also admitting that Bitcoin prices may rally above US$100,000 in December, Julio Moreno, Head of Research at CryptoQuant, noted that the coin may face short-term resistance at US$105,000.
According to Moreno, an assessment of BTC's on-chain realized price band revealed that the price band near US$105,000 (the maximum band) was a significant resistance level in March when Bitcoin briefly reached US$74,000. This historical resistance may now influence the future price action of this coin.
This means that when the $BTC price approaches this maximum band around US$105,000, it may experience a correction.
For the US$100,000 prediction to come true, the coin must reclaim its all-time high of US$99,588, which has been a resistance level, and turn it into a support floor. If this happens, the coin may rally above US$100,000 in December.
On the other hand, if selling pressure increases, BTC price may fall towards US$88,986, invalidating analysts' bullish projections.
source: id. beincrypto. com
#marketdownturn #BullMarket2025 ##TipsTradingFuture
According to Juan Pellicer, a Senior Researcher at IntoTheBlock, December will be a bullish month for Bitcoin. This bullish bias will be driven by “unprecedented institutional demand via Bitcoin ETF inflows,” which will push the coin price above US$100,000.
Nevertheless, another analyst, Brian Quinlivan, Principal Analyst at Santiment, predicts a bullish December for Bitcoin. According to Quinlivan, Bitcoin crypto whales will drive this growth if they continue to accumulate this king coin.
While also admitting that Bitcoin prices may rally above US$100,000 in December, Julio Moreno, Head of Research at CryptoQuant, noted that the coin may face short-term resistance at US$105,000.
According to Moreno, an assessment of BTC's on-chain realized price band revealed that the price band near US$105,000 (the maximum band) was a significant resistance level in March when Bitcoin briefly reached US$74,000. This historical resistance may now influence the future price action of this coin.
This means that when the $BTC price approaches this maximum band around US$105,000, it may experience a correction.
For the US$100,000 prediction to come true, the coin must reclaim its all-time high of US$99,588, which has been a resistance level, and turn it into a support floor. If this happens, the coin may rally above US$100,000 in December.
On the other hand, if selling pressure increases, BTC price may fall towards US$88,986, invalidating analysts' bullish projections.
source: id. beincrypto. com
#marketdownturn #BullMarket2025 ##TipsTradingFuture
Solana Long Liquidations Surpass US$64 Million Amid Price Drop
Solana (SOL) experienced a decline over the past week. Since hitting a new record high of US$264.63 on November 22, SOL has faced increasing selling pressure. This caused its price to fall almost 10% in the last seven days.
This decline led to increased long liquidations in the SOL futures market. With bearish sentiment getting stronger, traders long Solana may face more losses. Here's why.
Over the past week, SOL's price decline of 8% has wiped out US$64 million from long positions in its derivatives market.
It should be noted, the decline in SOL prices has led to a significant decline in activity in its derivatives markets. This is reflected in the coin's open interest, which is currently at a weekly low of US$3.34 billion.
If the selling activity gains more momentum, SOL price will break below the crucial support level formed at US$231.54. A drop below this price point would send the SOL price down to US$205.56
On the other hand, if the buying pressure gains momentum, the SOL price will rise towards a record high of US$264.63.
Now the price is around $244.42 increased 3.86% in last 24 H.
#marketdownturn #Altcoinseason2024 #TipsTradingFuture
source: id. beincrypto, com
Solana (SOL) experienced a decline over the past week. Since hitting a new record high of US$264.63 on November 22, SOL has faced increasing selling pressure. This caused its price to fall almost 10% in the last seven days.
This decline led to increased long liquidations in the SOL futures market. With bearish sentiment getting stronger, traders long Solana may face more losses. Here's why.
Over the past week, SOL's price decline of 8% has wiped out US$64 million from long positions in its derivatives market.
It should be noted, the decline in SOL prices has led to a significant decline in activity in its derivatives markets. This is reflected in the coin's open interest, which is currently at a weekly low of US$3.34 billion.
If the selling activity gains more momentum, SOL price will break below the crucial support level formed at US$231.54. A drop below this price point would send the SOL price down to US$205.56
On the other hand, if the buying pressure gains momentum, the SOL price will rise towards a record high of US$264.63.
Now the price is around $244.42 increased 3.86% in last 24 H.
#marketdownturn #Altcoinseason2024 #TipsTradingFuture
source: id. beincrypto, com
Pantera CEO: Bitcoin Well On Track To Hit $740,000 By April 2028
Dan Morehead, founder and CEO of Pantera Capital — the first crypto fund in the United States — is forecasting that the price of Bitcoin could smash $700,000 in 2028, roughly a week after the flagship crypto rocketed toward a six-digit price.
Bitcoin’s Path To $740,000
Dan Morehead noted in a Nov. 26 blog post that 5% of financial wealth is now exposed to Bitcoin. Yet, that figure is set to increase with more regulatory clarity in the U.S. as pro-blockchain president-elect Donald Trump heads back to the White House.
This would result in faster institutionalization of Bitcoin. BlackRock and Fidelity with spot Bitcoin exchange-traded funds have started a “massive transformation,” posited Morehead.
“It’s [$BTC ] already done three orders of magnitude,” Morehead wrote. He revealed that his investment company’s crypto-focused Pantera Bitcoin Fund, which was launched in 2013, has notched an over 131,000% lifetime return on its first Bitcoin purchase at $7. “Another one seems plausible.”
Per the Pantera CEO, Bitcoin has been on a trendline that will push its value to roughly $740,000 by April 2028 (a nearly 670% growth from the current price point) if it continues its growth pattern. The world’s oldest cryptocurrency was trading for about 2.3% higher at around $95,294 at publication time.
$15 Trillion Market Cap For Bitcoin
$740,000 is “not an inconceivable number, relative to $500 trillion in financial assets,” he explained. At this price, Bitcoin would boast a market capitalization of a whopping $15 trillion.
Furthermore, Morehead told CNBC’s Squawk Box on Nov. 27 that he doesn’t think Bitcoin could ever crash to zero now as it has reached “escape velocity” with 300 million investors around the world owning it.
Source: cryptorank. com
#MarketBuyOrHold #TipsTradingFuture #marketdownturn
Dan Morehead, founder and CEO of Pantera Capital — the first crypto fund in the United States — is forecasting that the price of Bitcoin could smash $700,000 in 2028, roughly a week after the flagship crypto rocketed toward a six-digit price.
Bitcoin’s Path To $740,000
Dan Morehead noted in a Nov. 26 blog post that 5% of financial wealth is now exposed to Bitcoin. Yet, that figure is set to increase with more regulatory clarity in the U.S. as pro-blockchain president-elect Donald Trump heads back to the White House.
This would result in faster institutionalization of Bitcoin. BlackRock and Fidelity with spot Bitcoin exchange-traded funds have started a “massive transformation,” posited Morehead.
“It’s [$BTC ] already done three orders of magnitude,” Morehead wrote. He revealed that his investment company’s crypto-focused Pantera Bitcoin Fund, which was launched in 2013, has notched an over 131,000% lifetime return on its first Bitcoin purchase at $7. “Another one seems plausible.”
Per the Pantera CEO, Bitcoin has been on a trendline that will push its value to roughly $740,000 by April 2028 (a nearly 670% growth from the current price point) if it continues its growth pattern. The world’s oldest cryptocurrency was trading for about 2.3% higher at around $95,294 at publication time.
$15 Trillion Market Cap For Bitcoin
$740,000 is “not an inconceivable number, relative to $500 trillion in financial assets,” he explained. At this price, Bitcoin would boast a market capitalization of a whopping $15 trillion.
Furthermore, Morehead told CNBC’s Squawk Box on Nov. 27 that he doesn’t think Bitcoin could ever crash to zero now as it has reached “escape velocity” with 300 million investors around the world owning it.
Source: cryptorank. com
#MarketBuyOrHold #TipsTradingFuture #marketdownturn
Could Dogecoin Reach US$0.50 Soon?
DOGE price recently reached its highest level since 2021, peaking at US$0.48 on November 23. It now has a market capitalization of US$58 billion, surpassing iconic automaker Porsche's US$56 billion value.
If $DOGE price can regain its bullish momentum, it could retest the US$0.48 resistance level and potentially rise to US$0.50 or even US$0.60, approaching its all-time high.
Now Doge is trading around $0.40509
#MarketBuyOrHold #marketdownturn #CryptoExplorerFiesta
DOGE price recently reached its highest level since 2021, peaking at US$0.48 on November 23. It now has a market capitalization of US$58 billion, surpassing iconic automaker Porsche's US$56 billion value.
If $DOGE price can regain its bullish momentum, it could retest the US$0.48 resistance level and potentially rise to US$0.50 or even US$0.60, approaching its all-time high.
Now Doge is trading around $0.40509
#MarketBuyOrHold #marketdownturn #CryptoExplorerFiesta
#AltcoinMomentum #CryptoExplorerFiesta #marketdownturn
Bitcoin $BTC managed to break a new all-time high (ATH) record. The price even traded at US$99,500 during the intraday session on Friday (22/11) before then correcting slightly. Currently, the crypto king is around US$98,675
With trading activity picking up as the market awaits its breakthrough past the psychological US$100,000 level, digital asset research firm 10X Research predicts Bitcoin could rise as high as US$115,000 by Christmas.
The latest report from 10X Research reveals that the BTC market has enjoyed a surge in liquidity in recent weeks. This is a key factor that can spur Bitcoin towards the US$115,000 mark.
Plus, stablecoin issuer Tether has minted US$10 billion in the past month. On the other hand, Circle added US$3 billion in the same period, adding to market momentum. This resulted in a surge in the flow of stablecoins to crypto exchanges. In X's post on November 21, Leon Waidmann, Head of Research at The Onchain Foundation, confirmed this trend.
Bitcoin $BTC managed to break a new all-time high (ATH) record. The price even traded at US$99,500 during the intraday session on Friday (22/11) before then correcting slightly. Currently, the crypto king is around US$98,675
With trading activity picking up as the market awaits its breakthrough past the psychological US$100,000 level, digital asset research firm 10X Research predicts Bitcoin could rise as high as US$115,000 by Christmas.
The latest report from 10X Research reveals that the BTC market has enjoyed a surge in liquidity in recent weeks. This is a key factor that can spur Bitcoin towards the US$115,000 mark.
Plus, stablecoin issuer Tether has minted US$10 billion in the past month. On the other hand, Circle added US$3 billion in the same period, adding to market momentum. This resulted in a surge in the flow of stablecoins to crypto exchanges. In X's post on November 21, Leon Waidmann, Head of Research at The Onchain Foundation, confirmed this trend.
Bitcoin Dominance Falls, Altcoins Ready to Skyrocket!
Bitcoin Dominance (BTCDOM), which shows the percentage of Bitcoin capitalization compared to the entire crypto market, shows an optimistic movement. Based on analysis from a crypto expert on social media This could allegedly have a big impact on the crypto market. Rekt Capital sees several main points in its analysis, namely:
Similar Pattern to 2018
In 2018, Bitcoin dominance took 304 days to undergo a re-accumulation phase (orange box). After that, Bitcoin managed to penetrate the resistance level at 57.68 percent and turned it into support. Also Read: Bitcoin Projected to Reach US$ 142,000 in 2025 By This Analyst
Five years later, the same pattern is seen again. Bitcoin dominance has been in a re-accumulation phase for 304 days, struggling around the same level. In the coming days, analysts expect this level to turn into support.
Higher Trading Volume
Unlike 2018, this time the trading volume was much larger. At the breakout five years ago, volume was recorded at 13.17 trillion. However, in the current cycle, volume has reached 59.37 trillion.
The altcoins that are quite prominent are Ethereum $ETH , Solana $SOL , SUI $SUI , Aptos
#Altcoinmomentum #marketdownturn #CryptoExplorerFiesta
Bitcoin Dominance (BTCDOM), which shows the percentage of Bitcoin capitalization compared to the entire crypto market, shows an optimistic movement. Based on analysis from a crypto expert on social media This could allegedly have a big impact on the crypto market. Rekt Capital sees several main points in its analysis, namely:
Similar Pattern to 2018
In 2018, Bitcoin dominance took 304 days to undergo a re-accumulation phase (orange box). After that, Bitcoin managed to penetrate the resistance level at 57.68 percent and turned it into support. Also Read: Bitcoin Projected to Reach US$ 142,000 in 2025 By This Analyst
Five years later, the same pattern is seen again. Bitcoin dominance has been in a re-accumulation phase for 304 days, struggling around the same level. In the coming days, analysts expect this level to turn into support.
Higher Trading Volume
Unlike 2018, this time the trading volume was much larger. At the breakout five years ago, volume was recorded at 13.17 trillion. However, in the current cycle, volume has reached 59.37 trillion.
The altcoins that are quite prominent are Ethereum $ETH , Solana $SOL , SUI $SUI , Aptos
#Altcoinmomentum #marketdownturn #CryptoExplorerFiesta
Dogwifhat Memecoin Could Surge Significantly
Utilizing Elliott Wave Theory, Zeberg forecasts a notable upward movement for WIF. This theory posits that assets typically follow a five-wave pattern, where the third wave is the most substantial. He noted that WIF has completed its second wave and is now poised for a significant price increase.
Currently trading at $2.97, WIF has seen an 11.1% decline over the past 24 hours, with a market cap of $2.9 billion, positioning it as the 52nd largest cryptocurrency. Zeberg warns that the ongoing cryptocurrency bull market may be nearing its end, cautioning against reliance on prolonged bullish forecasts
#MarketBuyOrHold
Utilizing Elliott Wave Theory, Zeberg forecasts a notable upward movement for WIF. This theory posits that assets typically follow a five-wave pattern, where the third wave is the most substantial. He noted that WIF has completed its second wave and is now poised for a significant price increase.
Currently trading at $2.97, WIF has seen an 11.1% decline over the past 24 hours, with a market cap of $2.9 billion, positioning it as the 52nd largest cryptocurrency. Zeberg warns that the ongoing cryptocurrency bull market may be nearing its end, cautioning against reliance on prolonged bullish forecasts
#MarketBuyOrHold
THENA Price Jumped 500% Following Binance Listing Announcement
THENA has been making waves, with its price going absolutely crazy in the last 24 hours. It shot up 500% after Binance announced its listing, and over two days, it’s up an unbelievable 1,758.74%.
The token $THE went from just $0.20 to a peak of $3.126
Now the big question is—can it keep this up, or are we looking at a short-lived rally?
source: coinmarketcap. com
#TipsTradingFuture #marketdownturn #CryptoExplorerFiesta
THENA has been making waves, with its price going absolutely crazy in the last 24 hours. It shot up 500% after Binance announced its listing, and over two days, it’s up an unbelievable 1,758.74%.
The token $THE went from just $0.20 to a peak of $3.126
Now the big question is—can it keep this up, or are we looking at a short-lived rally?
source: coinmarketcap. com
#TipsTradingFuture #marketdownturn #CryptoExplorerFiesta
#MarketBuyOrHold? #marketdownturn #CryptoExplorerFiesta
Crypto Market Downturn: Dogecoin and Solana Hit at the Heart!
Dogecoin and Solana See Record Losses
Market Wide Impact and Liquidations
Economic Indicators and Market Outlook
What is the future of crypto investors?
The crypto marketplace has entered a phase of correction, wiping out several billion in total market capitalisation. In association with all other major cryptos, Dogecoin (DOGE) and Solana (SOL) led this decline. High leverage, increased selling and broader macro uncertainty, they say, exacerbate the loss.
WhatsApp Image 2024 11 04 at 08.16.30
Dogecoin and Solana See Record Losses
Dogecoin $DOGE currently trades at $0.3756 and has witnessed around 12% price drop, one of the largest in this crypto market correction. Price recovery couldn’t take place in spite of 60.9 billion DOGE transacted in 24 hours due to enormous selling pressure. Large transactions increased 41.2% but didn’t help DOGE investors.
Solana $SOL followed with a 10% drop to $227. Overbought conditions and general market correction is crushing the token. Token market cap on Solana has lost over $100 billion in a day. Although, Solana’s trading volume increased 43.2% but that’s just a sign of more selling and not good market sentiment.
Market Wide Impact and Liquidations
Other major cryptos like BTC and ETH are also down. BTC lost 6.1% and ETH 4.5%. The altcoins which got affected the most include Cardano’s ADA and XRP, which were both down 14.7% and 10.7% respectively. During the last 24 hour, the total cryptocurrency market cap went down by a hefty 5% as it comes down to about $3.2 trillion.
source: coinmarketcap. com
Crypto Market Downturn: Dogecoin and Solana Hit at the Heart!
Dogecoin and Solana See Record Losses
Market Wide Impact and Liquidations
Economic Indicators and Market Outlook
What is the future of crypto investors?
The crypto marketplace has entered a phase of correction, wiping out several billion in total market capitalisation. In association with all other major cryptos, Dogecoin (DOGE) and Solana (SOL) led this decline. High leverage, increased selling and broader macro uncertainty, they say, exacerbate the loss.
WhatsApp Image 2024 11 04 at 08.16.30
Dogecoin and Solana See Record Losses
Dogecoin $DOGE currently trades at $0.3756 and has witnessed around 12% price drop, one of the largest in this crypto market correction. Price recovery couldn’t take place in spite of 60.9 billion DOGE transacted in 24 hours due to enormous selling pressure. Large transactions increased 41.2% but didn’t help DOGE investors.
Solana $SOL followed with a 10% drop to $227. Overbought conditions and general market correction is crushing the token. Token market cap on Solana has lost over $100 billion in a day. Although, Solana’s trading volume increased 43.2% but that’s just a sign of more selling and not good market sentiment.
Market Wide Impact and Liquidations
Other major cryptos like BTC and ETH are also down. BTC lost 6.1% and ETH 4.5%. The altcoins which got affected the most include Cardano’s ADA and XRP, which were both down 14.7% and 10.7% respectively. During the last 24 hour, the total cryptocurrency market cap went down by a hefty 5% as it comes down to about $3.2 trillion.
source: coinmarketcap. com
$BNB Surges
With the broader market witnessing a pullback as Bitcoin drops under $95k, the BNB price trend falls under $650.
Now $BNB is trading around $632.67 increased 2.29% in last 24H.
Amid the changing landscape, the Binance Coin (BNB) price prediction remains solid, with the new all-time high target at $1041.
However, the underlying uncertainties with the global tensions raise questions like, “Is Binance safe or not?” or “Will Binance go higher in end of 2024?”
Tell me in comment section
#marketdownturn #MarketBuyOrHold #CryptoExplorerFiesta
With the broader market witnessing a pullback as Bitcoin drops under $95k, the BNB price trend falls under $650.
Now $BNB is trading around $632.67 increased 2.29% in last 24H.
Amid the changing landscape, the Binance Coin (BNB) price prediction remains solid, with the new all-time high target at $1041.
However, the underlying uncertainties with the global tensions raise questions like, “Is Binance safe or not?” or “Will Binance go higher in end of 2024?”
Tell me in comment section
#marketdownturn #MarketBuyOrHold #CryptoExplorerFiesta
Popcat: Bearish trend emits the potential for further decline.
POPCAT broke the ATH price record at US$2.08 about a week ago but since then the price has fallen sharply. Now, POPCAT is recorded to have fallen 21.00% in the last seven days.
This downward action was also accompanied by a bearish signal. The short-term EMA line crosses the long-term EMA line, thus forming a death cross pattern. This technical pattern reflects increasing selling pressure as well as the potential for a further drop.
Now the token is traded near $1.224, decreased 1.72% in last 24H.
If the correction continues, POPCAT could test support at US$1.17, and is at risk of dropping to the US$0.9 level if the lower support collapses.
However, if momentum reverses, POPCAT has the potential to rise to test the US$1.82 area. And if this resistance falls, the price could return to the US$2 level and have the potential to set a new ATH price record.
source: id. beincrypto. com
#marketdownturn #CryptoExplorerFiesta #BecomeCreator
POPCAT broke the ATH price record at US$2.08 about a week ago but since then the price has fallen sharply. Now, POPCAT is recorded to have fallen 21.00% in the last seven days.
This downward action was also accompanied by a bearish signal. The short-term EMA line crosses the long-term EMA line, thus forming a death cross pattern. This technical pattern reflects increasing selling pressure as well as the potential for a further drop.
Now the token is traded near $1.224, decreased 1.72% in last 24H.
If the correction continues, POPCAT could test support at US$1.17, and is at risk of dropping to the US$0.9 level if the lower support collapses.
However, if momentum reverses, POPCAT has the potential to rise to test the US$1.82 area. And if this resistance falls, the price could return to the US$2 level and have the potential to set a new ATH price record.
source: id. beincrypto. com
#marketdownturn #CryptoExplorerFiesta #BecomeCreator
PNUT Decline Risks Hitting All-Time Low
The price of the Solana-based meme coin, Peanut the Squirrel (PNUT), has fallen by double digits as the market's appetite for meme coins subsides. At the moment, PNUT is trading at US$1.069, down 36% in the last seven days, -6.29 in last 24H.
With increasingly strong bearish pressure, $PNUT prices may return to their all-time low (ATL) at US$0.031.
Additionally, a decline in PNUT's Relative Strength Index (RSI) confirms increased selling activity. At the moment, the meme coin's RSI is below the neutral 50 line at 45.81.
This indicator measures overbought and oversold asset market conditions. The range is between 0 and 100, with values above 70 indicating that the asset is overbought and may undergo a correction. Conversely, a value below 30 indicates that the asset is oversold and may experience a rebound.
At 45.81, the PNUT RSI shows a gradual decline in buying activity, indicating the potential for a continued price decline.
source: id.beincrypto
#marketdownturn #CryptoExplorerFiesta #BecomeCreator
The price of the Solana-based meme coin, Peanut the Squirrel (PNUT), has fallen by double digits as the market's appetite for meme coins subsides. At the moment, PNUT is trading at US$1.069, down 36% in the last seven days, -6.29 in last 24H.
With increasingly strong bearish pressure, $PNUT prices may return to their all-time low (ATL) at US$0.031.
Additionally, a decline in PNUT's Relative Strength Index (RSI) confirms increased selling activity. At the moment, the meme coin's RSI is below the neutral 50 line at 45.81.
This indicator measures overbought and oversold asset market conditions. The range is between 0 and 100, with values above 70 indicating that the asset is overbought and may undergo a correction. Conversely, a value below 30 indicates that the asset is oversold and may experience a rebound.
At 45.81, the PNUT RSI shows a gradual decline in buying activity, indicating the potential for a continued price decline.
source: id.beincrypto
#marketdownturn #CryptoExplorerFiesta #BecomeCreator
Dropped 5.11%, Watch PEPE Crypto Price Movement
Reporting from Coinmarketcap, this project aims to capitalize on the popularity of meme coins, such as Shiba Inu and Dogecoin, and seeks to establish itself as one of the top meme-based cryptocurrencies.
Based on data from Coinmarketcap, PEPE Coin fell 5.11 percent in the last 24 hours. The PEPE Coin price is currently at $0.00001838 with a trading volume in the last 24 hours of $8.32 T.
#marketdownturn #BecomeCreator #CryptoExplorerFiesta
Reporting from Coinmarketcap, this project aims to capitalize on the popularity of meme coins, such as Shiba Inu and Dogecoin, and seeks to establish itself as one of the top meme-based cryptocurrencies.
Based on data from Coinmarketcap, PEPE Coin fell 5.11 percent in the last 24 hours. The PEPE Coin price is currently at $0.00001838 with a trading volume in the last 24 hours of $8.32 T.
#marketdownturn #BecomeCreator #CryptoExplorerFiesta
Aave: The DeFi Giant With $10 Billion in Active Loans
Aave has solidified its position as a leader in decentralised finance (DeFi), with over $10 billion in active loans—a 30% increase from earlier this year. The protocol’s growth metrics are staggering:Total value locked (TVL): Up 26.7% to $15.96 billion.
Monthly revenue: Soaring by 82% to $9.36 million.Annualised profits: Projected at $113.84 million, reflecting a massive 1,628% increase in just 30 days.Aave’s ability to consistently attract liquidity and drive innovation in DeFi positions it as a must-have for any portfolio.
Its focus on lending, borrowing, and liquidity pools ensures it remains a cornerstone of the decentralised financial ecosystem, making it one of the best coins to hold.
Now the price is trading around $193.73 increased +7.19% in last 24H.
source: coinmarketcap. com
#Altcoinseason2024 #CryptoExplorerFiesta #marketdownturn
Aave has solidified its position as a leader in decentralised finance (DeFi), with over $10 billion in active loans—a 30% increase from earlier this year. The protocol’s growth metrics are staggering:Total value locked (TVL): Up 26.7% to $15.96 billion.
Monthly revenue: Soaring by 82% to $9.36 million.Annualised profits: Projected at $113.84 million, reflecting a massive 1,628% increase in just 30 days.Aave’s ability to consistently attract liquidity and drive innovation in DeFi positions it as a must-have for any portfolio.
Its focus on lending, borrowing, and liquidity pools ensures it remains a cornerstone of the decentralised financial ecosystem, making it one of the best coins to hold.
Now the price is trading around $193.73 increased +7.19% in last 24H.
source: coinmarketcap. com
#Altcoinseason2024 #CryptoExplorerFiesta #marketdownturn
Are Memecoins Really Driving Crypto Adoption?
Coinmarketcap. com
Memecoins like Dogecoin and Shiba Inu thrive on their ability to capture widespread attention through humour and pop culture. By tapping into internet memes and trends, these coins have become highly shareable on platforms such as Twitter, Reddit, and TikTok, where viral content often leads to increased visibility.
High-profile endorsements, particularly from figures like Elon Musk, have amplified this reach. Musk’s tweets, for instance, have spurred significant price spikes for Dogecoin, making headlines and drawing millions of curious observers into the crypto space.
Memecoins often serve as the first step into the cryptocurrency world for many newcomers. Their low cost compared to established coins like Bitcoin or Ethereum makes them an affordable and less intimidating entry point. For example, while a single Bitcoin may be priced in the tens of thousands, memecoins like Shiba Inu or Dogecoin allow investors to buy hundreds or even thousands of tokens for just a few dollars. As of November 7, 2024, Dogecoin had over 7 million individual wallet addresses, and Shiba Inu has attracted over 1.4 million holders.
The memecoin space is also plagued by scams and “rug pulls,” where project creators abandon their tokens after raising funds, leaving investors with worthless assets. This problem is exacerbated by the low barrier to entry for launching memecoins. Scammers often manipulate trending lists on platforms like CoinGecko, creating an illusion of popularity before disappearing with investors’ money. (See an X user recounting an experience of these nefarious acts below).
Memecoins undoubtedly introduce millions to the world of cryptocurrency. They simplify the onboarding process, provide an engaging entry point, and highlight the power of blockchain technology to create global movements. However, their contribution to long-term adoption is less certain.
#MemeWatch2024 #marketdownturn #CryptoExplorerFiesta #MarketBuyOrHold
Coinmarketcap. com
Memecoins like Dogecoin and Shiba Inu thrive on their ability to capture widespread attention through humour and pop culture. By tapping into internet memes and trends, these coins have become highly shareable on platforms such as Twitter, Reddit, and TikTok, where viral content often leads to increased visibility.
High-profile endorsements, particularly from figures like Elon Musk, have amplified this reach. Musk’s tweets, for instance, have spurred significant price spikes for Dogecoin, making headlines and drawing millions of curious observers into the crypto space.
Memecoins often serve as the first step into the cryptocurrency world for many newcomers. Their low cost compared to established coins like Bitcoin or Ethereum makes them an affordable and less intimidating entry point. For example, while a single Bitcoin may be priced in the tens of thousands, memecoins like Shiba Inu or Dogecoin allow investors to buy hundreds or even thousands of tokens for just a few dollars. As of November 7, 2024, Dogecoin had over 7 million individual wallet addresses, and Shiba Inu has attracted over 1.4 million holders.
The memecoin space is also plagued by scams and “rug pulls,” where project creators abandon their tokens after raising funds, leaving investors with worthless assets. This problem is exacerbated by the low barrier to entry for launching memecoins. Scammers often manipulate trending lists on platforms like CoinGecko, creating an illusion of popularity before disappearing with investors’ money. (See an X user recounting an experience of these nefarious acts below).
Memecoins undoubtedly introduce millions to the world of cryptocurrency. They simplify the onboarding process, provide an engaging entry point, and highlight the power of blockchain technology to create global movements. However, their contribution to long-term adoption is less certain.
#MemeWatch2024 #marketdownturn #CryptoExplorerFiesta #MarketBuyOrHold
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