XRP (XRP) has surged 134% since the US election on November 6, pushing its annual returns into positive territory exceeding 80%. The price of XRP has surpassed $1 for the first time since December 2021.XRP/USD weekly price chart. Source: TradingViewAccording to the current technical situation, XRP is marked as an overbought asset, which usually corresponds to a period of consolidation or a complete correction.Be that as it may, the long-term chart of the cryptocurrency suggests further gains in 2025.XRP price falls after 3-year highOn November 16, XRP’s daily Relative Strength Index (RSI) surged above 93, an overbought level not seen…
Author: Crypto Flexs
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Jessie A. Ellis November 18, 2024 10:24 Bitcoin and Ethereum have seen significant activity following the recent US election, sparking $2.2 billion inflows into digital assets, according to CoinShares. CoinShares reports that the aftermath of the recent US election saw $2.2 billion flow into digital assets. These inflows brought annual inflows to an unprecedented $33.5 billion and pushed total assets under management (AuM) to a new high of $138 billion. significant inflows and outflows During the first half of this week, digital asset inflows reached $3 billion. However, in the second half, the price…
XRP (XRP) has surged 134% since the US election on November 6, pushing its annual returns into positive territory exceeding 80%. The price of XRP has surpassed $1 for the first time since December 2021.XRP/USD weekly price chart. Source: TradingViewAccording to the current technical situation, XRP is marked as an overbought asset, which usually corresponds to a period of consolidation or a complete correction.Be that as it may, the long-term chart of the cryptocurrency suggests further gains in 2025.XRP price falls after 3-year highOn November 16, XRP’s daily Relative Strength Index (RSI) surged above 93, an overbought level not seen…
Ethereum After finding solid ground at the key support level of $3,051, it is back on an upward trajectory, raising hopes for continued bullish momentum. The recent bounce highlights that buyer interest is strong as ETH resists bearish attempts to push its price lower. As the upward trend resumed merchant We are closely watching important resistance areas that could shape Ethereum’s next move. Will this recovery lead to a sustained upward trend, or will the market face new selling pressure? The purpose of this analysis is to examine the recovery as Ethereum resumes its upward trend after defending a critical…
November 15th What is ColliderScript? Post time: 18:03h education by admin ColliderScript introduces a way to implement protocols for Bitcoin that can improve Bitcoin’s functionality. The protocol aims to allow for more complex transaction terms governing how and when Bitcoin can be spent. It does this using 160-bit hash collisions, allowing transactions to enforce conditions for future spending without the need for a soft fork. Unlike other proposals, ColliderScript leverages existing opcodes to avoid the need for consensus-based protocol changes, making it flexible but computationally expensive. This technology provides a proof of concept for Bitcoin contracts, but its current high…
Venture capitalist Chris Burniske believes meme tokens have the purpose of ultimately leading to the development of fundamentally sound cryptocurrency projects. Burniske told his 303,400 followers on social media platform According to a cryptocurrency veteran, Memecoin’s “enforcement feature” is ultimately a huge positive for the digital asset industry. “Meanwhile, for those who are worried about ‘infrastructure and AppCoin’, it’s all pendulums… Memecoins will benefit from a more favorable regulatory environment that will force ‘infrastructure and app coins’ to show returns to their holders and stake holders. Governance tokens will be converted to cash flow tokens.” Burniske predicts that Infrastructure and…
jack anderson November 18, 2024 08:45 Binance is launching an exclusive MENASA promotion distributing 15,000 USDT token vouchers to users in select regions during the New Year period. Binance, a global cryptocurrency exchange, is holding a special promotion for the MENASA (Middle East, North Africa, and South Asia) region to celebrate the new year. According to Binance, the initiative aims to welcome new users and provide token voucher rewards totaling 15,000 USDT to existing users.Promotion DetailsThis promotion, which runs from November 18, 2024 to January 8, 2025, is open to verified users in the…
Bitcoin (BTC) started the new week inches away from a new all-time high after posting its best weekly close ever.Bitcoin traders believe price discovery will resume next week and are eyeing the $80,000 level as a “buy the dip” opportunity.The weekly close set another record, but November 2024 is anything but ordinary for BTC price action.Markets are divided over how the Federal Reserve will handle the growing “stagflation” crisis.Whales are still buying BTC, and ETF flows are increasing despite the merciless reaction to last week’s all-time high of $93,500.Cryptocurrency sentiment gauges are increasingly heating up as “extreme greed” levels reach…
DOT has shown classic signs of a healthy, growth-oriented retracement. But patience may be tested before a breakthrough materializes. Polkadot (DOT) reflected a recovery in the broader market, emerging from a four-month slump that saw it soar near $6 amid post-election hype. However, after three days of declines, it fell to $4.75, close to a daily low of 7%. As is often the case in cryptocurrencies, every ‘drop’ presents an opportunity for investors to see resistance as new support, pushing the price higher. As of press time, it is trading at $5.64, and if DOT follows this strategy, it will…
jack anderson November 18, 2024 06:00 Binance is introducing a ‘Word of the Day’ game focused on stablecoins, giving participants the opportunity to earn Binance Points that can be exchanged for various rewards. Binance announced the launch of the ‘Word of the Day’ (WOTD) game, a new educational initiative aimed at improving users’ cryptocurrency literacy. The latest topic revolves around stablecoins, which, as stated by Binance, are an important part of the cryptocurrency ecosystem. Game mechanics and rewards WOTD games are designed to allow participants to engage in word guessing and test their knowledge…