A cryptocurrency analyst said one Solana (SOL) rival is showing signs of strength in the market despite Bitcoin (BTC) falling below $90,000. Pseudonymous analyst Pentoshi told his 822,400 followers on social media platform “SEI is another one that not only looks great with high period conversions and clear voids, but has also held up very well like many alternatives to this BTC pullback. Here are the daily and weekly ones. Let’s compare it to a similar setup shared (November 23): As BTC calms down, Alt should continue to rise.” Source: Pentosh/X Source: Pentosh/X As of this writing, SEI is trading…
Author: Crypto Flexs
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Wang Long Chai November 27, 2024 13:47 Tether announced its strategic decision to discontinue support for EUR₮, focusing on launching MiCAR-compatible stablecoins and strengthening community-driven support. Tether, the popular stablecoin USDT issuer, announced a strategic shift to strengthen community-driven product support. According to Tether, this move highlights Tether’s ongoing commitment to fostering a strong blockchain ecosystem as it continues to evaluate its stablecoin products to balance availability and community benefit. EUR₮ discontinued In a significant change, Tether has decided to discontinue support for the euro-based stablecoin EUR₮. This decision was taken after careful assessment…
Optimism suggests the possibility of a $3 rally soon, with bullish momentum breaking key resistance levels. Network adoption surged, with active addresses surging 16.7%, demonstrating strong demand for Optimism. Optimism (OP) It successfully broke the long-standing resistance zone of $1.80-$1.90, a resistance level that has been firmly maintained for more than 150 days. This breakout, driven by strong volume and bullish momentum, indicates growing interest in the asset. While OP is reaching $2.28 As of press time, a slight market correction is expected, with a possible decline providing an opportunity for accumulation. Breaks through $1.80~$1.90 resistance line The $1.80-$1.90 range…
Ripple said it would invest in the newly branded Bitwise Physical XRP ETP. This news sends the price of XRP soaring 7.2% to $1.43 at the time of writing, according to CoinGecko data. Today’s surge puts it 26.8% higher than this time last week.Bitwise Physical XRP ETP, previously called European XRP ETP, is part of the company’s broader family of cryptocurrency asset funds. The company also provides a position. Ethereum and Bitcoin ETFs in the US.Ripple CEO Brad Garlinghouse said the decision to invest in the Bitwise fund, which trades under the ticker GXRP, coincides with a surge in interest…
Wang Long Chai November 27, 2024 12:17 Animoca Brands has made a strategic investment in Igloo, Inc. aimed at strengthening its consumer cryptocurrency initiatives and growing its NFT-based intellectual property, Pudgy Penguins. Animoca Brands, a prominent player in blockchain and digital rights, announced a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins, an NFT-based intellectual property. According to Animoca Brands, the investment will be executed through a Simple Agreement for Future Equity (SAFE). Consumer Cryptocurrency Strategic Movement This investment highlights Animoca Brands’ confidence in the transformative potential of consumer cryptocurrencies and…
Dogecoin has surpassed the market capitalization of luxury car manufacturer Porsche, thanks to Elon Musk’s approval and the possible launch of an exchange-traded product (ETP) for Memecoin.According to Cointelegraph data, Dogecoin (DOGE) has risen 175% over the past month to a market cap of $57.8 billion, surpassing Porsche’s market cap of $56.1 billion (as of 8:34 a.m. UTC on November 27). .DOGE/USD 1 month chart. Source: CointelegraphDogecoin has gained significant momentum in 2024, thanks in part to continued social media endorsements from billionaire Elon Musk.Musk’s recent involvement in creating the Department of Government Efficiency (DOGE), an agency aimed at cutting…
Dubai, UAE, November 27, 2024, Chainwire Trust Walletthe leading self-managed Web3 wallet trusted by over 140 million users, has announced its third project. Trust Wallet Launchpool, Featuring reward tokens $WOD. $WOD is the default token. The World of Defianceis an MMORPG from Epic Games set in a connected virtual world with advanced AI, stunning graphics, and immersive gameplay. The dynamic ecosystem integrates DeFi, NFTs, gaming, and AI into one immersive experience. For this Launchpool campaign, World of Dypians will allocate 1% of the total $WOD supply to Trust Wallet Launchpool participants. How Trust Wallet Launchpool Works Trust Wallet Launchpool provides…
MicroStrategy’s market capitalization recorded its largest four-day decline in history, raising questions about its status as a leveraged Bitcoin investment vehicle.The company’s market value has fallen more than 35% from its November 21 peak, resulting in a loss of more than $30 billion. This is the business intelligence company’s biggest drop in four days, according to Kobeissi Letter, which highlighted the drop in X posts on November 26.“MicroStrategy stock, MSTR, is down 35% from its high on November 21st. “This means that $30 billion in market capitalization was erased in just four trading days.”MSTR/USD, 1-day chart. Source: Cointelegraph/TradingViewMicroStrategy stock price…
Wang Long Chai November 27, 2024 10:34 Bitcoin approaches unprecedented $100,000 on the back of significant ETF inflows and strong institutional demand, despite facing record-high profit-taking pressure. Bitcoin surges toward historic milestone Bitcoin (BTC) is on the verge of hitting the historic $100,000 mark thanks to significant inflows and strong institutional demand in Bitcoin ETFs, according to Bitfinex Alpha. Despite facing profit-taking pressure near its all-time high of $99,334, Bitcoin showed remarkable resilience, stabilizing around $96,000 over the weekend before gaining momentum at the start of the trading week. Market performance and institutional influence…
World Liberty Financial appointed Justin Sun as advisor. The project will benefit from Sun’s cryptocurrency insight and experience, it said. This development comes after Justin Sun-affiliated cryptocurrency company invested millions of dollars in the project. World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by Donald Trump, has appointed TRON founder Justin Sun as an advisor. Trump, along with his two sons and several cryptocurrency entrepreneurs, announced the DeFi initiative during X’s livestream event on September 16. The president-elect did not discuss specifics about World Liberty Financial at launch, but his family promised the project would be a success.…