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🤝 Ripple and Cardano: Garlinghouse and Hoskinson Tease Possible Collaboration Cardano’s Charles Hoskinson praised Ripple’s Brad Garlinghouse, sparking speculation about a potential collaboration. Ripple and Cardano leaders emphasize unity, transparency, and collaboration amid ongoing regulatory challenges in the crypto industry. Reports link Hoskinson to a potential advisory role under Trump, heightening interest in his influence and future moves. The crypto world is abuzz following a post from Cardano founder Charles Hoskinson on November 13, 2024. Hoskinson took to X to praise Ripple CEO Brad Garlinghouse, describing him as a “great CEO” and emphasizing his collaborative vision. The comment triggered significant speculation about a possible partnership between Ripple and Cardano, given their shared challenges and goals. 💬 Thanks for the kind words IOHK_Charles — now is the time for the crypto community to come together, push for a level playing field and clear rules of the road.A rising tide lifts all boats. — Brad Garlinghouse Notably, Ripple’s ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC), which began in 2020, has kept market participants on edge. Consequently, the idea of two major blockchain networks uniting has sparked curiosity. This development comes at a crucial time for the crypto space, which faces regulatory scrutiny and calls for clearer guidelines. 🔸 Hoskinson’s Remarks Capture Industry Attention Additionally, Hoskinson’s post highlighted his optimism about potential collaborations, prompting widespread discussions within the crypto community. He expressed a desire for a more united blockchain industry, underscoring the importance of cooperative efforts. On the other hand, Brad Garlinghouse responded positively to Hoskinson’s remarks, reinforcing his commitment to collaboration. He also stressed the need for transparency and fair regulatory practices. Intriguingly, Garlinghouse’s statement resonated with many in the crypto world. #XRP #ADA
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⭐️ Analyst Reveals Why Dogecoin Price Can Rally To $2 And Flip Solana, BNB Crypto analyst Master Kenobi has revealed the factors that could lead to a Dogecoin price rally to $2 and cause the meme coin to flip Solana and BNB in the process. This came as the analyst outlined a scenario where Dogecoin becomes the third-largest crypto by market cap. 🔸 Why Dogecoin Price Can Rally To $2 In an X post, Master Kenobi stated that the Dogecoin price could easily climb to $2 or even higher with the rapid flow of capital and the frenzy in the market. The analyst made this prediction while explaining how Dogecoin could become the third-largest crypto by market cap, flipping Solana and BNB. He noted that it won’t be easy since SOL and BNB would likely keep advancing, but it remains possible since DOGE can rally to $2 or even higher. Master Kenobi also highlighted how the Dogecoin price is currently experiencing significant bullish momentum, placing the top meme coin above these other coins. For context, DOGE is up 100% in the last seven days. Meanwhile, the Solana price and BNB price have recorded meager gains of just over 12% and 4%, respectively. The analyst noted that this parabolic rally for DOGE has been partly thanks to several factors, including ones stemming from the White House. This is in reference to Elon Musk’s Department of Government Efficiency (D.O.G.E), which has become official following Donald Trump’s appointment of the world’s richest man to head the department. Master Kenobi added that this bullish momentum for Dogecoin’s price will further increase when the foremost meme coin reclaims a $100 billion market cap and reaches its current all-time high (ATH) of $0.73. The analyst is confident that it won’t be long before DOGE hits $1 and has a market cap of $148 billion, surpassing Tether and going head-to-head with Solana and BNB. #DOGE
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🔥 VanEck introduces SUI ETN to European investors as token hits all-time high VanEck, a global asset management firm and US spot Bitcoin ETF issuer has launched a new exchange-traded note (ETN) tied to the SUI token from the Sui blockchain network, according to a Nov. 13 statement. The ETN, now available on Euronext Amsterdam and Euronext Paris, allows European investors in over 15 countries to gain exposure to SUI without directly holding the asset. The product tracks the MarketVector Sui Network VWAP Close Index and is fully backed by SUI tokens held with Liechtenstein’s Bank Frick. It has a total expense ratio of 1.5%. VanEck’s SUI ETN comes as the digital asset has experienced increasing massive adoption that has pushed its value to a new all-time high of $3.31. 🔸 Why SUI? VanEck explained that it selected Sui for its ETN due to the blockchain’s high performance and user-friendly design. Sui, a decentralized smart contract platform, aims to process transactions quickly and efficiently. Unlike older blockchains like Bitcoin and Ethereum, which process transactions sequentially and often incur delays and high costs, Sui can handle multiple transactions simultaneously. This capability makes Sui ideal for applications requiring real-time transactions, such as financial services and gaming. In an earlier November report, VanEck stated that Sui provides a familiar user experience to most internet users because it is “fast, user-friendly, and affordable as platforms like Facebook, Twitter, and Robinhood.” Menno Martens, Crypto Product Manager at VanEck Europe, emphasized Sui’s scalability and cost-effectiveness. He added: “In our view, this network has strong growth potential, because its consistently low transaction costs make it a real alternative to older blockchains. The VanEck Sui ETN gives investors the opportunity to participate in the development of this promising blockchain network in an exchange-traded and comparatively simple way.” #SUI #VanEck
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⚡️ Shiba Inu Price Tumbles 18% Amidst Crypto Market Downturn Leading meme coin Shiba Inu (SHIB) has seen an 18% price drop in the past 24 hours. This mirrors the broader cryptocurrency market’s downturn, with global market capitalization falling by 5% over the same period. An assessment of the meme coin’s on-chain and technical setup has revealed a weakening bullish momentum and a growing dominance of bearish sentiment. This indicates that SHIB may extend this downtrend. Here is how. 🔸 Shiba Inu Loses Its Bulls Shiba Inu’s declining open interest (OI) confirms the decrease in market activity and a waning of bullish enthusiasm among the meme coin holders. As of this writing, this stands at $82.49 million, noting a 32% fall over the past 24 hours. OI refers to the total number of active contracts in the futures or options market that have not yet been settled, expired, or closed out. When it falls, it is a bearish signal. It suggests that traders are closing out their positions, likely because they believe the asset’s value will continue to drop or because they want to limit losses. This drop in OI amid falling prices, as in SHIB’s case, is a sign that bearish sentiment is strong among market participants. Additionally, the meme coin’s Mean Dollar Invested Age (MDIA) has declined steadily since November 9, confirming the uptick in selling pressure in the market. As of this writing, SHIB’s MDIA is 877, having decreased by 1.5% over the past four days. The MDIA tracks the average age of coins based on their dollar value. It measures how long, on average, a dollar invested in a cryptocurrency has remained idle in its current wallet address. A higher MDIA suggests that investors have kept their holdings over extended periods, while a lower MDIA means recent capital inflows or outflows. When an asset’s MDIA falls, it suggests that older coins are being moved, indicating increased trading activity. When this happens during a period of price decline, it indicates profit-taking or loss-cutting. #SHIB #Shibainu
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📈 Bitcoin Breaks $91,800 – Bullish Surge Seems Unstopable Bitcoin reached yet another major milestone after it's remarkable performance since the end of the presidential elections in the US. Bitcoin is up 5.63% in the past 24 hours and 22.05% on the weekly chary with a market cap of around $1.793 trillion. This past day BTC’s trading volume is down 35% to $102 billion. This upswnig led to 554.7 million being liquidated from the cryptocurrency market – $350.87 million in long positions and $203.84 million in shorts. TradingView’s 1-day technical analysis shows a very bullish santiment with the summary and moving averages pointing to “strong buy” at 16 and 13, respectively, while oscillators show “buy” at 3. The total crypto market cat is currently $2.98 trillion after rising 3.29% today. Today’s biggest gainer is the trending memecoin Peanut the Squirel (PNUT), which recently got a surprise listing by Binance. The altcoin has surged more than 250% in the past 24 hours, 1,300% since last week and has a market cap of around $1.7 billion. #BTC #Bitcoin
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