SUI stood out in the cryptocurrency market in November with a 90% surge. Increasing activity and word of mouth can drive explosive growth. November was a winning month for Sui (SUI) as it established itself as one of the most explosive performers in the cryptocurrency market. Riding a wave of rising investor confidence, ecosystem development, and favorable market conditions, SUI’s price has surged more than 90% so far in November. But what is driving this upward momentum other than price movements? What factors are driving the surge in SUI? Source: X SUI’s massive price rise this month has captivated both…
Author: Crypto Flexs
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Terrill Dickey November 18, 2024 21:43 Foxconn accelerates production with NVIDIA Omniverse and opens new facilities in the U.S., Mexico, and Taiwan to increase efficiency through digital twin and AI integration. Foxconn, the world’s largest electronics manufacturer, is expanding its production capacity by opening new factories in the United States, Mexico, and Taiwan, according to the NVIDIA blog. The company is streamlining the process of bringing these facilities online by leveraging NVIDIA Omniverse, a platform for developing industrial AI simulation applications. Improving production with digital twins Foxconn uses NVIDIA Omniverse to virtually consolidate facility…
Dogecoin (DOGE), which rose 159% from November 6 to November 12, saw a period of higher consolidation. On November 18, the largest memecoin completed a bullish daily candle, welcoming market speculation about its next rally close to its all-time high of $0.73. Dogecoin 1-day chart. Source: TradingViewAs the market turns its attention back to DOGE, one particular indicator has highlighted the historic possibility of another parabolic rally in the coming weeks.Dogecoin’s “Gaussian Channel” Hints at a BreakoutMarket pattern analyst Trader Tardigrade noted in his X post that Dogecoin is currently repeating its historical price trajectory based on the Gaussian channel.…
Russian authorities plan to ban cryptocurrency mining in occupied territory of Ukraine and have taken new regulatory measures as the conflict exceeds 1,000 days. Russia’s Deputy Prime Minister Alexander Novak has convened a meeting with senior officials to address the country’s power supply shortages during the fall and winter peak seasons. We specifically focused on the energy challenges posed by cryptocurrency mining in areas with limited power capacity. Russia’s cryptocurrency mining restrictions could last until 2031 According to a report in the Moscow Times, the proposed ban would apply to Russian-controlled territories, including Donetsk, Lugansk, Zaporizhia and Kherson. The government…
Key Takeaways Teresa Goody Guillén is being considered for SEC chairman in a potential Trump administration. Goody Guillén has the support of the cryptocurrency industry due to his cryptocurrency advocacy stance and SEC experience. Share this article According to a report from CoinDesk, President-elect Donald Trump is reportedly considering blockchain lawyer and former SEC attorney Teresa Goody Guillén to head the SEC. The consideration comes amid speculation that current SEC Chairman Gary Gensler may resign by Thanksgiving after hinting last week that he was preparing to leave his position.As the year comes to a close, the cryptocurrency industry is eagerly…
Dogecoin (DOGE), which rose 159% from November 6 to November 12, saw a period of higher consolidation. On November 18, the largest memecoin completed a bullish daily candle, welcoming market speculation about its next rally close to its all-time high of $0.73. Dogecoin 1-day chart. Source: TradingViewAs the market turns its attention back to DOGE, one particular indicator has highlighted the historic possibility of another parabolic rally in the coming weeks.Dogecoin’s “Gaussian Channel” Hints at a BreakoutMarket pattern analyst Trader Tardigrade noted in his X post that Dogecoin is currently repeating its historical price trajectory based on the Gaussian channel.…
Cryptocurrency traders embrace HBAR with over $3 billion in daily trading volume on spot. Elon Musk’s next space mission in January 2025 will be one that runs on Hedera’s chain. HBAR price has broken its historical bearish trend, Aroon indicator suggests. News of a major partnership between SpaceX and Hedera Hashgraph surprised the market, with the chain’s native altcoin hitting a new yearly high. After a half-year bear market for HBAR, the altcoin broke above $0.1552 for the first time since April 24, 2024, when BlackRock’s money market fund (MMF) was deployed to Hedera’s distributed ledger.HBAR is headed for a…
just alvin November 18, 2024 22:17 NVIDIA unveils the open source BioNeMo framework, which aims to transform the biopharmaceutical industry by accelerating drug discovery and molecular design through advanced AI and supercomputing. NVIDIA announced the launch of the open source BioNeMo framework, a groundbreaking initiative that will transform the global biopharmaceutical and scientific industries. According to the NVIDIA Newsroom, this development will accelerate drug discovery and molecular design through the integration of advanced AI and supercomputing technologies. Industry adoption and contribution The BioNeMo framework is already gaining traction among leading pharmaceutical and technical bio…
Ethereum (ETH) price struggled to maintain levels above $3,200 from September 13th to September 19th. However, it has improved on-chain metrics, especially when compared to some of Ethereum’s direct competitors. Now, traders are questioning how long it will take for Ethereum to resume its bull run, given its dominance in terms of fees and network deposits.Blockchains ranked by 30-day DApp trading volume (USD). Source: DappRadarNo blockchain has come close to Ethereum’s $149.9 billion in on-chain transaction volume over the past 30 days. The second largest competitor, BNB Chain (BNB), was 82% smaller at just $26.6 billion despite offering much lower…
Two altcoins based on Solana (SOL) are rallying amid sudden support from domestic cryptocurrency exchange Bithumb. Bithumb announced that spot trading support for meme coin PONKE (PONKE) and automated market maker (AMM) protocol Radium (RAY) will begin on Tuesday. Amid this news, monkey-themed PONKE has surged more than 7% in the last 24 hours, trading at $0.77 at the time of writing. Memecoin is up over 90% in the last 30 days. With a market capitalization of $424.4 million, PONKE is the 198th largest cryptocurrency project. PONKE recently received spot trading support from Binance, sparking a rally of over 2,000%.…