Over $755 million worth of various altcoins will be offloaded during this week’s token unlock period. Solana broke annual record at $220, but linear unlock could cause havoc. Two high-tech Layer-1s, Aptos and Celestia (TIA), secure approximately 2% of the supply. The surprising cryptocurrency market rally following the US election has developed into a new all-time high for Bitcoin (BTC) and massive rallies in several blue-chip altcoins. For example, Aptos (APT), which incorporates Move technology, recovered double-digit figures for the first time since April 2024.Aptos unlocks at a profit.If Aptos’ bullish momentum continues, the altcoin could retest its yearly high…
Author: Crypto Flexs
Read More
Canary Capital has applied for the Hedera HBAR cash exchange-traded fund with the U.S. Securities and Exchange Commission. This is the first cryptocurrency fund of its type.The cryptocurrency investment company filed its S-1 registration statement with the SEC on Tuesday. According to the fund, it seeks to “provide exposure to the underlying asset value of the Hedera network.” filing. HBAR is the native digital asset of the Hedera network, a decentralized public network that uses the Hashgraph consensus algorithm. Hedera facilitates fast and secure transactions globally and is governed by a council of prominent companies and organizations. This governance model…
A cryptocurrency strategist who follows closely believes that two altcoins that are invisible to most traders are poised for massive upside. Analyst Ali Martinez told his 78,600 followers on social media platform X that he is bullish on the underlying asset of Filecoin (FIL), a peer-to-peer file storage network. According to analysts, FIL appears poised to rise to the top after honoring its long-term support. Martinez also believes that FIL could witness an exponential rise if it overcomes critical resistance levels. “Despite missing the $2.94 entry, I remain bullish on Filecoin FIL at this level. The lower limit is likely…
Rebecca Moen November 12, 2024 05:05 BitMEX announced that it will reduce the default initial margin and default maintenance margin for DOGEUSD and DOGEUSDT contracts starting November 12, 2024. BitMEX, a leading cryptocurrency exchange, announced a significant reduction in the default initial margin and default maintenance margin requirements for DOGEUSD and DOGEUSDT contracts. According to BitMEX, this change took effect on November 12, 2024 at 02:25 UTC. Impact on Traders The revised margin requirements apply to new positions, new orders, as well as changes to leverage or risk limits applicable to existing positions or…
Will we see a return to “enthusiasm” for gaming tokens in this bull market? Bitcoin has hit all-time highs several times since Donald Trump was re-elected as President of the United States, and cryptocurrency analysts predict that the price of Bitcoin will soon reach $100,000. With a massive bull market likely underway, what will happen to gaming tokens this time around? Gaming industry insiders say that despite some disappointing token launches earlier this year, studios are starting to find a better balance between token launches and game development. Quinn Kwon, head of strategy at Delabs Games, told Web3 Gamer that…
Bitcoin recently hit a record $89,983, but the rainbow chart, widely known to show Bitcoin’s long-term price movement and market sentiment on a logarithmic scale, remains surprisingly low compared to previous bullish peaks. The popular Bitcoin rainbow chart predicts a six-digit future. Bitcoin’s price has surged over the past month as follows(…)
contributor Posted on: November 12, 2024 ADA surged 114% but faced strong rejection at the $0.70 resistance level. Cardano’s on-chain indicators suggested a short-term cooling despite optimistic liquidation sentiment. Cardano (ADA) was the best performer of the week, rising over 114% before facing significant resistance. The explosive move caught many traders off guard and pushed the price in the consolidation zone up around $0.42, challenging the crucial $0.70 barrier. However, momentum has since cooled, with ADA setting a 14% retracement in the last 48 hours. This strong decline signals higher levels of selling as traders take profits from the recent…
Timothy Morano November 12, 2024 05:27 Polygon (MATIC) announced integration with Instagram, allowing users to mint, display, and sell NFTs, improving creator engagement and monetization opportunities. Polygon (MATIC), a prominent player in the blockchain ecosystem, announced a significant development through its partnership with Instagram, according to Polygon Blog. The collaboration will allow Instagram users to mint, display and trade digital collectibles or non-fungible tokens (NFTs) on the Polygon blockchain. The move aims to provide creators with innovative ways to connect with their audiences and monetize their digital content. Instagram’s new NFT feature Polygon’s integration…
Cryptocurrency Mimcoin investors holding Gigachad (GIGA) tokens lost $6.09 million in a phishing attack involving fake Zoom meeting links.On November 12, GIGA recorded an unusual price drop due to a massive selling event. Soon after, Still in the Game, a prominent pseudonymous GIGA investor, actively warned about hacker involvement.“I want to be transparent. The big $GIGA sale today is because one of my wallets was drained by a fake Zoom link. It hurts a lot, but I’ll be back. I will always stay in the game.”According to cryptocurrency research firm Scam Sniffer, victims clicked on a fake Zoom call invitation…
Wang Long Chai November 12, 2024 06:03 Animoca Brands has raised an additional $10 million for its Mocaverse project, which aims to accelerate Web3 adoption and interoperability with major investors such as OKX Ventures and CMCC Global. Animoca Brands Secures $10 Million for Mocaverse Animoca Brands announced that it has secured an additional $10 million in funding for its Mocaverse initiative. This funding round saw participation from high-profile investors including OKX Ventures, CMCC Global and Hong Shan, formerly known as Sequoia China. According to Animoca Brands (https://www.animocabrands.com/animoca-brands-raises-additional-usd10m-for), the new investment aims to build a…