A closely watched cryptocurrency strategist believes that top memecoin Dogecoin (DOGE) could be preparing for an explosive surge. Analyst Ali Martinez tells his 80,000 followers on social media platform He uses Google Search Trends to gauge the level of interest in the top memecoins by market capitalization. “I’ve read people saying Dogecoin won’t go up any further because of ‘market cap’, ‘news selling’ or ‘better memes’. Well, looking at the interest in DOGE over time, it seems that its popularity has not yet reached its peak. Simply put, DOGE has a lot more room to grow.” Source: Ali Martinez/X He…
Author: Crypto Flexs
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Darius Varu November 20, 2024 05:50 Binance presents Earn Wednesday, offering limited-time cryptocurrency investment opportunities including ETH and SOL staking, dual investing, and more. These offers are available on a first-come, first-serve basis. Binance, a leading cryptocurrency exchange, announced Earn Wednesday, its latest initiative designed to provide users with new and exciting investment opportunities every week. According to Binance, these offerings include various products such as Simple Earn, ETH Stake, SOL Stake, and Dual Investment. Popular limited-time products Binance’s Earn Wednesday offers a variety of flexible and fixed products. The Company reserves the right…
The prospect of Bitcoin (BTC) rising to the $100,000 price level has captivated investors for years. Retail participants often celebrate these psychological milestones, but the main impact comes from the institutional adoption and development of the Bitcoin derivatives market. Bitcoin futures count BTC, which is open interest. Source: CoinglassCurrent Bitcoin futures open interest totals 626,520 BTC ($58 billion), a 15% increase in two months, indicating growing interest in derivatives. If Bitcoin reaches $100,000, this open interest will reach $62.5 billion, or 3.1% of the $2 trillion market capitalization. This contrasts with the S&P 500, which has $817 billion in futures…
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…
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.…
Bitfinex Securities has teamed up with NexBridge to bring tokenized U.S. Treasury bills to El Salvador. USTBL leverages Bitcoin’s Liquid Network and Blockstream AMP technologies. Proceeds from the initial offering of $30 million will be allocated to the iShares Treasury Bond 0-1yr UCITS ETF, according to the announcement. Bitfinex Securities and NexBridge, a digital asset issuer focused on tokenizing financial assets, have teamed up to launch the first tokenized U.S. Treasury bond in El Salvador. USTBL, a tokenized T-bill, leverages Bitcoin technology. In particular, the issuer is leveraging Liquid Network for its flagship digital asset and Blockstream AMP, an asset…