The recent cryptocurrency bull market has reignited excitement across markets. In particular, the peak of Bitcoin dominance has paved the way for altcoins to shine. Over the past month, several sectors have seen impressive gains, demonstrating the diversity and dynamism of the cryptocurrency ecosystem. Cryptocurrency markets experienced a resurgence in November as Bitcoin dominance reached its peak, allowing altcoins to take center stage. The rally saw outstanding growth across a variety of cryptocurrency sectors, with key trends emerging in Metaverse tokens, meme coins, and layer 1 protocols.Metaverse and gaming tokens took the lead, surging 89.78% last month. According to leading…
Author: Crypto Flexs
Read More
As digital assets advance, businesses are increasingly choosing cryptocurrency as a payment solution. However, deciding which crypto asset is ideal for payments can be difficult. This is especially true when balancing stability, accessibility, and potential growth. Among the popular options are altcoins and stablecoins, each of which presents unique benefits and challenges in the world of digital payments. This article explores these two categories to help businesses determine which best meets their operational and strategic needs in cryptocurrency e-commerce.The Rise of Altcoins: Opportunities and RisksAltcoins, cryptocurrencies other than Bitcoin, are transforming the digital financial landscape, offering new possibilities and targeting…
TLDR Bitcoin surged 37-39% in November 2024, reaching nearly $100,000. Historical data suggests December gains in election years range from 30-46%. Foreign exchange reserves are declining rapidly while ETF inflows exceed $31 billion. Analysts predict a potential price target of between $115,000 and $141,000 by the end of the year. Long-term holders remain steady, contributing to supply constraints The price of Bitcoin surged as high as $96,922 in early December trading, following a strong performance in November where it rose 37.3%. According to recent market data, the total market capitalization of cryptocurrencies currently stands at $1.918 trillion. The upward momentum…
Crypto analyst Tony Severino said Litecoin is expected to issue XRP soon, suggesting the coin could soon enjoy a parabolic rally. The analyst cited bullish indicators on the LTC chart, which showed that the cryptocurrency could witness such a parabolic rally. Litecoin is planning to launch XRP. Here’s why: In the X post, Tony Severino pointed out that Litecoin will soon mint This means that LTC has undergone the necessary price correction and is now well-poised for a bullish reversal. The analyst’s accompanying chart showed that a bullish sentiment is already forming for the cryptocurrency on the monthly chart. Severino…
Caroline Bishop December 2, 2024 03:13 Binance presents a Word of the Day game focused on ‘Bitcoin Euphoria’, giving users the opportunity to earn Binance Points and engage with cryptocurrency-related content. Binance has unveiled the ‘Word of the Day’ (WOTD) game, a fascinating new initiative themed around ‘Bitcoin Euphoria’. This educational game aims to improve participants’ cryptocurrency vocabulary while giving them the opportunity to earn Binance Points that can be exchanged for various rewards. Game mechanics and rewards During the activity period from December 2 to December 8, 2024, users can participate in up…
A cryptocurrency strategist known as the ‘Master Trader’ at digital asset exchange Bybit believes three altcoins are poised for further upside. Household analyst Bluntz told his 299,900 followers on social media platform “Didn’t DOGE get bored and leave to chase the latest shiny thing? I think things will get interesting again.” Source: Bluntz/X As of this writing, DOGE is trading at $0.432, up 3.45% in the last 24 hours. Referring to fellow memecoin Pepe (PEPE), Bluntz believes the altcoin is back in bullish mode after breaking through diagonal resistance. “The PEPE bearish meme line has officially been broken.” Source: Bluntz/X…
With a president and Congress that support cryptocurrencies, Coinbase’s policy director expects cryptocurrency legislation to be enacted “fairly quickly” under President Trump’s leadership. Coinbase’s chief policy officer expects U.S. cryptocurrency regulation to progress quickly once Donald Trump takes office in January 2025. In an interview with CNBC on December 2, Coinbase Chief Policy Officer Faryar Shirzad said cryptocurrency legislation would likely move through Congress “fairly quickly” after President Trump takes office, given the Republican president-elect’s strong support. He pointed out his stance in support of cryptocurrency and the party’s recent policies. Controls both the House and Senate. “We have the…
just alvin December 2, 2024 03:25 Binance has announced a promotional offer for Latin American users, offering up to $100 cashback in Bitcoin to eligible participants from December 1 to 25, 2024. Leading cryptocurrency exchange Binance has unveiled a festive promotion exclusively for Latin American users. According to Binance, the offer, which runs from December 1 to December 25, 2024, allows eligible participants to earn up to 100 in Bitcoin (BTC) by depositing fiat or purchasing cryptocurrency through Binance P2P. You can get dollar cashback. Promotion Details Participants must register for the offer and…
The token’s Fear and Greed Index sent a sell signal. A price correction could push HBAR money back up to $0.14. Hedera (HBAR) It caught investors off guard with its best performance last week. However, these huge price increases often lead to corrections. Will HBAR meet a similar fate this time around? Hedera’s rapid rise HBAR investors should celebrate CoinMarketCap’s past week. data The token price surged 38% during the period. The bullish trend continued in the last 24 hours as the token witnessed a further rise of nearly 24%. This brought the token’s price to $0.205 and its market…
Terrill Dickey December 2, 2024 04:02 BitMEX has announced a reduction in default initial and maintenance margins for XRPUSD and XRPUSDT contracts, effective December 2, 2024, affecting new and existing positions. BitMEX Announces Margin ReductionLeading cryptocurrency exchange BitMEX announced that it is reducing the default initial margin and default maintenance margin requirements for XRPUSD and XRPUSDT contracts. According to BitMEX, this change went into effect on December 2, 2024 at 02:15 UTC.Impact on Trading PositionsAdjusted margin requirements now apply to new positions, new orders, and modifications to leverage or risk limits on existing positions…