The altcoin sector continues to record huge gains, with Ripple (XRP), Stellar (XLM), Shiba Inu (SHIB), and Brett (BRETT) making significant moves. As Bitcoin’s dominance declines, the market is preparing for altcoin season to begin. Bitcoin’s dominance has been declining since it recently peaked, indicating investors are turning their focus to smaller alternative projects in search of the next big upside. Let’s take a look at some altcoin projects that are currently making waves with impressive profits and future growth potential. Ripple (XRP) revival continues Ripple (XRP) witnessed one of its most profitable months in a long time after news…
Author: Crypto Flexs
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Key Takeaways Cardano, Jito, and Aptos are expected to launch approximately $700 million worth of tokens in December. Jito’s launch is the largest yet, with 135.71 million JTO tokens scheduled for December 7th. Share this article Several cryptocurrency projects are planning to launch tokens in December, with Cardano (ADA), Jito (JTO), and Aptos (APT) set to unlock approximately $700 million in tokens, according to data from Tokenomist.18.53 million ADA tokensCardano plans to release 18.53 million ADA tokens, worth about $20 million, on December 4. Tokens representing less than 0.1% of the circulating supply are used for staking and treasury reserves.ADA…
A cryptocurrency analyst who follows closely believes that Dogecoin (DOGE) is firmly positioned to trigger a new uptrend. Household analyst Rekt Capital told his 517,400 followers on social media platform X that DOGE looks bullish as it trades within an ascending triangle pattern. A technical structure is often considered a bullish continuation pattern, which indicates that an asset is consolidating ahead of a new uptrend. Rekt says: “If this indeed turns out to be a rising triangle for Dogecoin, Memecoin could enjoy another funding stream. We need a daily close above the top of the pattern ($0.43) to confirm a…
Recently, smaller ETH holders have been selling more ETH and whales have been absorbing these sales. ETH continued its upward trend. Ethereum (ETH) recently witnessed extraordinary movement as whale investors purchased over 280,000 ETH, worth approximately $1 billion, in 5 days. This accumulation has led to considerable speculation about Ethereum’s future trajectory, especially with the asset trading close to $3,700. aspirateWith changes in exchange flows and increased on-chain activity, all eyes are on whether Ethereum can maintain its strength or face a correction. Ethereum whale activity sparks optimism The sudden surge in whale accumulation seen in on-chain data highlights growing…
Grayscale’s cryptocurrency holdings increased significantly in November, with altcoins like Stellar and XRP posting triple-digit gains, reinforcing analyst predictions for the upcoming altcoin season.Grayscale Trust Investment’s cryptocurrency holdings have grown by more than 85% in market capitalization over the past month, according to Cryptorank data.Public watchlist: Grayscale Trust Investments. Source: CryptoRankThe asset management giant’s portfolio gains were primarily driven by the Stellar (XRP, XLM, MANA, 1 month charts. Source: CointelegraphThe Decentraland (MANA) metaverse token was Grayscale’s third biggest gainer, up more than 105% over the past month, according to Cointelegraph data.A growing number of analysts are predicting that altcoin season…
Shiba Inu (SHIB), the second-largest dog coin by market capitalization, is seeing slight gains on Saturday, with the Ethereum-based token jumping to its highest price in eight months, while top dog Dogecoin (DOGE) is seeing some gains.Shiba Inu surged to a price of $0.00002969 on Saturday evening before cooling slightly to a current price of $0.00002897. Despite the price drop, SHIB was up more than 12% on the day. The last time it hit a high on a Saturday was eight months ago, on April 1st.Among the top 50 cryptocurrencies by market capitalization, it had the biggest gain, followed by…
Blockchain tracker Lookonchain says one proficient cryptocurrency trader is enjoying a 38,399x return on a new memecoin. According to Lookonchain, an anonymous trader is making huge profits from Just a Chill Guy (CHILLGUY), a meme coin built by Solana (SOL) based on a viral comic. “We turned $160 into $614M. That’s 38,399 times your profit! 12 days ago, this trader spent only 0.75 SOL ($160) to buy 12.5M CHILLGUY on http://Pump.fun and then sold 2.8M CHILLGUY for 149 $SOL ($35.4K). chill guy The trader still holds 9.62M CHILLGUY ($6.1M), for a total profit of $614M!” Source: Lookonchain/X Source: Lookonchain/X CHILLGUY…
Current location: house » African Cryptocurrency Weekly Review: Telegram Driving Growth, Coinbase Eyes Kenya As Morocco Lifts Crypto Ban, But Will South Africa Win? author Last updated date: November 30, 2024 Fact Checker’s full profile Author’s full profile In African cryptocurrency news this week, the Kenyan cryptocurrency scene is in the crosshairs of Coinbase for its new M-PESA transaction aimed at supercharging cryptocurrency Africa. Morocco’s cryptocurrency policy reversal could lead to the launch of a new CBDC on the continent. Africa is not left behind in the cryptocurrency boom. With cryptocurrency prices rising, the continent has now become a hotspot…
ARB recorded the highest chain netflow in the last 24 hours, surpassing Ethereum and Solana. However, it faced a major obstacle at a key resistance level where there was significant selling pressure. Over the past month, Arbitrum (ARB) has shown a consistent bullish trend with a notable gain of 78.80%. This momentum extends to shorter time frames, with weekly and daily increases of 15.20% and 8.08%, respectively. As AMBCrypto previously reported, this upward trend could continue as market participant action continues to support the bullish momentum. Netflow fuel accumulation interest increases At press time, data showed that the altcoin recorded…
Top news of the week Dogecoin flips Porsche market cap as DOGE ETP, Musk drives rally. Dogecoin has surpassed the market capitalization of luxury car manufacturer Porsche, thanks to Elon Musk’s approval and the potential launch of an exchange-traded product on memecoin. According to Cointelegraph data, as of 8:34 a.m. UTC on November 27, Dogecoin had a market capitalization of $57.8 billion, up 175% over the past month, surpassing Porsche’s market capitalization of $56.1 billion. Dogecoin 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…