"Dogecoin’s Journey to $3: Analyst Reveals Key Milestones Ahead"
Amid the recent spectacular performance from Dogecoin, market watchers share their views on how long it will take for DOGE to break into the unit price range.
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.
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.
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.
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.
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.
The CEO of YouTube’s competitor Rumble teased exposure to the pioneering cryptocurrency Bitcoin, attracting a reaction from BTC advocate Michael Saylor. The development originated with CEO Chris Pavlovski’s November 19 tweet enquiring if Rumble should add Bitcoin to its balance sheet. Pavlovski then added a poll in a separate tweet, asking users to vote for or against Rumble creating a strategic reserve for the leading cryptocurrency. However, things got interesting when MicroStrategy’s chairman and Bitcoin advocate, Michael Saylor, commented on the tweet. Saylor responded to Pavlovski’s question, affirming that the video-sharing platform should hold a Bitcoin stash. Notably, Saylor not only recommended the asset but also volunteered to walk Pavlovski and Rumble through the procurement process. The CEO showed interest in the venture, stating he would discuss further details with Saylor privately.
"It’s XRP Time!" Analyst Crowns XRP the New Leader as It Ends Ethereum’s 7-Year Dominance
XRP has finally broken above a seven-year descending trendline against Ethereum, as it officially flips the momentum ETH had over it since 2018.
Read more on: https://thecryptobasic.com/2024/11/20/analyst-says-its-xrp-time-as-xrp-finally-breaks-7-years-of-ethereum-dominance/ #XRP #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
A blockchain analytics platform has uncovered the activity of an early Shiba Inu whale whose investment has grown exponentially but continues to hold. Bubblemaps, a surveillance resource that uses visual representations to analyze blockchain data, recently revealed the details of this whale’s activity, dating back since the launch of Shiba Inu. The investor, initially purchasing SHIB during its launch phase in 2020, has managed to turn $10,000 worth of Ethereum (ETH) into a staggering $2.5 billion. However, in an interesting development, the whale has held onto his holdings despite the astronomical gains.
Galaxy Digital CEO Michael Novogratz says massive capital from other countries is flowing into Bitcoin amid support from pro-crypto President Donald Trump. Bitcoin, one of the “Trump trades,” lived up to its billing following the Republican president’s victory. The pioneering cryptocurrency surged over 40% from sub-$68,000 on November 5 to its current market price of $92,453. Notably, the surge is tied to Trump’s pro-crypto stance during his electoral campaign. Trump branded himself as the “Bitcoin President,” promising to create a friendly environment for the industry to thrive in the United States. Meanwhile, Galaxy Digital CEO Michael Novogratz stated that Trump’s adoption of Bitcoin is drawing the attention of other countries. In a tweet on Tuesday, citing his recent interview with Bloomberg, Novogratz noted Bitcoin is witnessing massive capital inflow following Trump’s win.
Michael Saylor, the outspoken chairman of MicroStrategy and a staunch Bitcoin advocate, has again made his position clear on alternative digital assets like XRP. During a recent appearance on the PBD Podcast, Saylor emphasized his unwavering focus on Bitcoin as the ultimate investment vehicle, expressing no interest in recommending securities or other crypto assets to investors. “I’m 100% Bitcoin-only,” Saylor said, responding to a question about whether he could ever suggest XRP to clients.
Cardano founder Charles Hoskinson spotlights his latest engagement with Ripple co-founder and Stellar creator Jed McCaleb, sparking speculation about a potential partnership. Hoskinson revealed the development yesterday on X, indicating that he had a positive meeting with McCaleb, a prominent crypto stakeholder known for his involvement in the Ripple and Stellar projects. Notably, McCaleb reacted by confirming that the meeting took place.
"XRP's Price Surge to $13: Roadmap to Massive Gains Unveiled"
While the recent XRP surge has captured the attention of crypto traders, seasoned analyst CasiTrades advises caution, highlighting a likely correction before the $13 price.
Options trading on BlackRock’s iShares spot Bitcoin ETF (IBIT) goes live on Nasdaq. The development provides Wall Street investors with leveraged exposure to the world’s largest cryptocurrency by market cap. OCC Confirms BlackRock Options Listing Nasdaq’s listing of IBIT options comes several hours after the Options Clearing Corporation (OCC) provided an update for the new listing. Last month, the U.S. SEC approved the 11 Bitcoin ETFs, including BlackRock’s IBIT, for options trading. Yesterday, the OCC released a memo confirming its readiness for the clearance and settlement of the product, beginning with IBIT. Furthermore, Allison Hennessey, Nasdaq’s head of ETP listings, informed Bloomberg’s ETF analyst Eric Balchunas of the exchange’s plans to list and trade IBIT options today, on November 19. Hours after the announcement, BlackRock’s Bitcoin ETF options launched on Nasdaq, giving investors the right to trade IBIT shares at a specified price.
Over the past few days, Dogecoin has struggled to regain its footing after briefly touching $0.4359 a week ago. The meme coin king has oscillated mostly within a tight range between $0.3500 and $0.3800, showing weak price action after its speculative bull run lost steam. However, Dogecoin showed promising signs of a comeback today, following a 10% green candle that pushed it back into the $0.4000 range. For context, since November 14, when Dogecoin dropped below the $0.40 mark, it had not regained that threshold until today. At press time, DOGE is trading at $0.3950 after a brief pullback.