Crypto product company 21Shares is launching new exchange-traded products (ETPs) centered on four major digital assets. In a new thread on social media platform ). “Big news: Four game-changing ETPs just launched! Introducing our latest products focused on oracles, tokenization, distributed computing, and artificial intelligence.” 21Shares states in its product description that each ETP is 100% “physically” backed by its associated token. According to the ETP news, all four altcoins surged into the green. RENDER and ONDO are trading at $7.73 and $1.05 at the time of this writing, while PYTH and NEAR are worth $0.446 and $6.68, respectively. Earlier…
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Solana’s native token, SOL (SOL), has surged 8% since falling to $222 on November 26. Despite this recovery, some investors remain skeptical, citing a sharp correction from the Nov. 23 all-time high of $263.80 as a possibility. A sign of a shaky uptrend. However, on-chain and derivatives data shows that SOL still possesses significant upside potential.SOL/USD (blue) vs. altcoin market cap (purple). Source: TradingView / CointelegraphInvestor frustration is partly due to a slight 1% rise in SOL between November 20 and November 27, during which time the broader altcoin market cap increased by 12%. Several tokens outperformed significantly, with Stellar…
The altcoin seasonal index saw its first significant surge since April. Despite the surge, Bitcoin remained dominant. The cryptocurrency market is witnessing a dynamic shift with the Altcoin Season Index rising to 59, suggesting a potential shift to an altcoin dominance cycle. Bitcoin (BTC) dominance is still strong at 57.3%, but has declined slightly, suggesting that investor interest in alternative assets is increasing. Rising Altcoin Season Index The Altcoin Season Index, which measures the performance of altcoins compared to Bitcoin, recently rose to 59. Chart analysis shows that the index has recently surged from 33 and is closer to 75,…
Rebecca Moen November 27, 2024 11:37 Binance announced the addition of Thena (THE) to its Simple Earn, Buy Crypto, Convert, Margin, and Futures platforms, enhancing trading options and opportunities for users. In a strategic move to expand its cryptocurrency offerings, Binance announced the integration of Thena (THE) across multiple platforms, including Binance Simple Earn, Buy Crypto, Convert, Margin, and Futures. According to Binance, this expansion is scheduled to launch on November 27, 2024. THENA (THE) Integration Thena (THE) will be available for purchase through Binance’s Simple Earn and Auto-Invest services starting November 28, 2024.…
Vancouver Mayor Ken Sim has proposed Bitcoin as a reserve asset to protect purchasing power. Jeff Booth supports Ken Sim’s proposal, recognizing Bitcoin’s potential as a strategic asset. Former US CFTC Chairman Giancarlo defends Bitcoin holdings, comparing them to gold. Vancouver Mayor Ken Sim has announced a bold proposal to leverage Bitcoin as the city’s reserve asset to diversify its financial resources and protect its purchasing power. The motion, titled “Preserving the City’s Purchasing Power through Diversification of Financial Resources: Becoming a Bitcoin-Friendly City,” will be formally presented to Vancouver City Council on December 11, 2024. This proposal marks a…
XRP (XRP) was trading around $1.41 as of November 27, down more than 17% in four days after reaching a multi-year high of around $1.63. However, on a monthly basis, the cryptocurrency’s “Trump Trade” profits increased nearly 180% in its best month since April 2021.Overbought XRP signals 25% decline by December. XRP’s Relative Strength Index (RSI) levels have remained above 70 on the daily chart throughout November, indicating that the ongoing uptrend is likely to run out.Historical data highlights XRP’s tendency to correct sharply after reaching overbought RSI levels. For example, in June 2023, XRP’s daily RSI topped 85 while…
join us telegram A channel to stay up to date on breaking news coverage The altcoin market looks promising, with many altcoins recording profits. Moreover, the market is bullish, so investors and analysts are optimistic. Investors should pay attention to this consolidation phase as it could be an opportunity to follow the upward trend. The prices of various altcoins are already showing positive movements even before the market fully rises. In today’s article Next Cryptocurrency to Explode Inform investors and traders about each token. Next Cryptocurrency to Explode Smart investors will anticipate a boom in the altcoin market and take…
This article is also available in Spanish. BNB Building on the $605 support level has sparked optimism about a potential recovery. Following recent bearish pressure, the bulls appear to be regrouping with the aim of regaining control and driving prices higher. With key technical indicators signaling renewed buying interest, market participants are closely watching whether this support will set the stage for the next phase of BNB. rally. With BNB showing encouraging signs of revival, this article aims to examine the bounce from the $605 support level and assess its ability to sustain itself. recovery. Through market trends, technical indicators,…
CryptoQuant founder and CEO Joo Ki-Young Ju recently argued that a fresh infusion of capital from retail traders will be needed for the start of altcoin season, which is usually a period of rapid rise in altcoin prices following a Bitcoin (BTC) bull market.Quantitative analysts say institutional money is already tied up in exchange-traded funds, and institutional investors who indirectly own cryptocurrencies through investment vehicles are unlikely to shift profits from blue-chip assets like BTC or Ethereum (ETH) to altcoins. I wrote it. The Lord wrote:“For an altcoin to reach an all-time high market cap, there would need to be…
Key Takeaways The risk of Bitcoin falling to zero has disappeared, attracting value-focused buyers during the downturn. The market is maturing, and the intensity of price corrections is decreasing, indicating a growing investor base. Share this article Bitwise CIO Matt Hougan referenced a recent post by CoinDesk analyst James Van Straten, commenting on a major change in Bitcoin market behavior. This post captures a very important change. “Value” buyers now exist in Bitcoin. One reason Bitcoin declines have been so violent in the past is because whenever BTC started falling, people started worrying that Bitcoin would hit $0. That is…