Ethereum (ETH) rival Avalanche (AVAX) is positioning itself for another big bounce against a new price target, widely followed cryptocurrency trader Rekt Capital said. Rekt Capital told its 514,000 followers on social media platform “Avalanche has officially doubled down after successfully retesting Macro Downtrend as a support. Holding the light blue level ($38.57) with December support could lead to a rise to ~$60 over time.” Source: Rekt Capital/X As of this writing, AVAX is trading at $42.90 and is up over 70% this month. Traders also have their radar on Dogecoin (DOGE), which has seen a rally of over 200%…
Author: Crypto Flexs
Read More
Tony Kim November 24, 2024 15:48 Explore the latest regulatory updates impacting the world of cryptocurrency, including SEC issues, global developments, and significant legal action for November 2024. As November 2024 draws to a close, the cryptocurrency landscape continues to navigate complex regulatory developments. According to a16z crypto, significant legal and regulatory actions have shaped the industry, impacting various stakeholders globally. SEC Developments and Legal Issues The Securities and Exchange Commission (SEC) has been at the center of several pivotal decisions. Gary Gensler, the 33rd Chairman of the SEC, announced his resignation, effective January…
contributor Posted on: November 24, 2024 Aave has surged 3.79% in the last 24 hours. With a bullish crossover and strong buying pressure, Aave is positioned to reach $200. Aave (AAVE) posted a strong rally after hitting a local low of $153 a day ago, hitting a high of $184. In fact, at the time of writing, Aave was trading at $181. It recorded 3.79% over the past day. Likewise, the altcoin rose on the weekly and monthly charts, up 8.25% and 24.52%, respectively. Despite this price increase, Aave still remains approximately 72.89% below ATH of $666. Current market conditions…
It was another busy week for the cryptocurrency market. MicroStrategy buys an additional $4.6 billion of Bitcoin, BlackRock’s Bitcoin ETF options bring in $2 billion on day one, Donald Trump’s transition team considers first White House cryptocurrency office, Justin Sun Buy bananas for $6.2 million. SEC Chairman Gensler resigned on January 20 and Bitcoin continued its rally, nearing $100,000, with U.S. spot Bitcoin ETFs seeing total net flows of $30 billion. Let’s take a look at this and summarize what’s been happening in the cryptocurrency space this week. MicroStrategy buys an additional $4.6 billion worth of Bitcoin. MicroStrategy has been…
As we sit down to analyze the current financial and cryptocurrency landscape, we can’t help but notice the ramifications of Donald Trump’s return to power. While headlines focus on Bitcoin’s meteoric rise past $90,000, a deeper story is emerging that could redefine the future of the U.S. dollar, digital currencies, and global finance. Trump’s cryptocurrency-friendly policies have sparked conversations not only about Bitcoin, but also about the acceptability of blockchain technology in the United States and what it could mean for the future of money. From digital dollars to blockchain banking: A financial transformation is underway. One of the most…
My name is Godspower Owie and I was born and raised in Edo State, Nigeria. I grew up with three brothers who have always been my idols and mentors, helping me grow and understand my way of life. My parents are literally the backbone of my story. They have always supported me through the good times and the bad, and they have never left my side whenever I have felt lost in this world. Honestly, having such great parents makes me feel safe and secure, and I wouldn’t trade them for anything in the world. I was introduced to the…
Tony Kim November 21, 2024 09:29 Binance Futures announced the introduction of SLERFUSDT and SCRTUSDT perpetual contracts, offering up to 75x leverage, to enhance users’ trading options. Binance Futures announced the launch of two new perpetual contracts, SLERFUSDT and SCRTUSDT, scheduled to launch on November 21, 2024 at 11:30 UTC. According to Binance, these contracts will give traders the opportunity to leverage up to 75x their positions. New contract details The SLERFUSDT and SCRTUSDT contracts are designed to expand the trading options available on Binance Futures and improve user experience by introducing a wider…
Cantor Fitzgerald CEO Howard Lutnick, a candidate for President-elect Trump’s Secretary of Commerce, is looking to launch a $2 billion project to lend dollars to customers against Bitcoin. As part of the setup, Cantor Fitzgerald has secured support from Tether, the company behind the world’s largest stablecoin, to fund the initiative. The proposed program is expected to expand into tens of billions of dollars, according to the Wall Street Journal. Cantor Fitzgerald currently serves as Tether’s custodian for billions of dollars of U.S. Treasury bonds backed by the USDT stablecoin. The report also stated that Cantor acquired about a 5%…
The Sui blockchain ecosystem has experienced significant growth in recent months, and the native Sui (SUI) token has continued to rise along with it. Ramani Ramachandran, co-founder and CEO of Router Protocol, told Cointelegraph that this is thanks to the great developer experience and community in the Sui ecosystem.Ramachandran said Sui combines the easy-to-use Move programming language with a simplified interface for end consumers, making the blockchain ecosystem attractive to developers. The CEO told Cointelegraph:“The interesting thing about Sui is that the founders are invisible, but they are doing something right because the developers are talking about them. A lot…
Yorg Healer November 21, 2024 13:54 NVIDIA Omniverse revolutionizes marketing content creation across industries like retail and automotive by using generative AI and OpenUSD to create personalized, on-brand 3D visuals. In a breakthrough in digital marketing, NVIDIA Omniverse has unveiled a tool that leverages generative AI to create personalized, on-brand 3D visuals. According to the NVIDIA blog, these innovations, based on Universal Scene Description (OpenUSD), will transform how industries such as retail and automotive communicate with their audiences. A marketing revolution through 3D product configurators Powered by NVIDIA’s Omniverse platform, 3D Product Configurator is…