Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Bitcoin Boom: Election Day Surge and Six-Figure Speculation

In summary, Bitcoin reached a record high of $80,000 after President-elect Trump’s triumph, igniting investor excitement and forecasts of a possible spike to $300,000. The scenario is prepared for Bitcoin’s potential ascent into six figures, with prominent players such as VanEck CEO Jan van Eck estimating the cryptocurrency’s value at half of gold’s total, and Trump’s pro-crypto policies stimulating the market. This study examines the main factors that contributed to Bitcoin’s ascent, such as election-related factors, Trump’s changing views on cryptocurrencies, and optimistic market projections.

Market Navigator: Bitcoin will continue to hit all time highs, says Jan Van Eck

Bitcoin Reaches New High: $300,000 on the Horizon?

Bitcoin reached a record-breaking $80,000 on Sunday, fueled by a post-election rally following President-elect Trump’s victory and a strong stock market. Investors are now speculating if the cryptocurrency will soon hit the $300,000 mark.

YOU MIGHT ALSO LIKE THIS : Trump-Themed Tokens Crash Post-Election

The CEO of VanEck’s Audacious Forecast

According to Jan van Eck, CEO of VanEck, Bitcoin may one day be worth half as much as gold, or an estimated $300,000. He considers this amount to be a “reasonable base assumption” for the possible growth of Bitcoin.

2024 U.S. Election Sparks Crypto Surge

During the 2024 election, cryptocurrency was a key topic, with the crypto-betting site Polymarket providing a more accurate prediction of the election outcome than traditional polls. Vice President Kamala Harris promised to support digital assets, while Trump’s pro-crypto stance helped secure votes from the digital asset community.

Trump’s Shift in Crypto Strategy

Previously skeptical of Bitcoin, Trump changed his approach after his 2020 loss, embracing crypto to fund his re-election. His campaign efforts included selling NFTs, promoting Bitcoin-themed products, and pledging to make the U.S. a crypto hub. Trump even launched a new coin, World Liberty Fi, with his sons.

YOU MIGHT ALSO LIKE: Polygon Jumps 40% in a Week – Is a Push to $0.45 on the Horizon?

The Predictions of Analysts: A Path to Six Figures?

Between $100,000 to $300,000, according to numerous analysts, Bitcoin will continue to rise when Trump assumes office. Trump’s pro-crypto stance may contribute to Bitcoin’s aspirational trajectory.

Trump-Themed Tokens Crash Post-Election

In brief, Trump-themed meme coins, such as TRUMP, MAGA, TREMP, and STRUMP, saw severe sell-offs after the U.S. election, losing more than 21% of their total market value as traders pulled out of the hype.

Election Day Drop for Trump Tokens

After the election, tokens themed around Donald Trump, such as MAGA and STRUMP, suffered major losses. The largest among them, MAGA, plunged by over 50% within 24 hours, taking its market cap from $212 million to $79 million. The sudden decline illustrates a classic “sell the news” response seen often in speculative assets.

Patterns of Meme Coin Hype and Sell-Off

Around well-known events, meme coins frequently experience abrupt sell-offs and quick increases. This is similar to Dogecoin’s 2021 trend, when it surged before Elon Musk’s SNL appearance before plummeting when the excitement subsided. Similar patterns were seen with Trump-themed tokens, where enthusiasm subsided nearly instantly following the election’s outcome.

PolitiFi Tokens in Decline

PolitiFi tokens—meme coins linked to political figures—have shown a trend of rallying pre-event and crashing post-event. Despite Trump’s election victory, these tokens dropped, suggesting waning interest among traders as the initial hype subsided.

Money Moves Into Big Cryptocurrencies

The decline in Trump-related currencies coincides with a market upswing, and money is probably moving toward Bitcoin and other well-known altcoins. In anticipation of future market expansion in popular cryptocurrencies, many traders seem to be shifting their liquidity into more stable assets as Bitcoin continues to reach new highs.

YOU MIGHT ALSO LIKE THIS: Notcoin’s 15% Surge Catches Investor Attention – Is More Growth on the Horizon?

Polygon Jumps 40% in a Week – Is a Push to $0.45 on the Horizon?

Polygon’s token POL has shot up by over 22% this past week and market vibes show it could climb even further and possibly hit that $0.45 mark soon. Analysts are debating on where this token is headed next. Crypto analyst Man of Bitcoin believes on its potential for more gains pointing to an Elliott wave 5 pattern that could mean another push up.

Polygon, also known as POL or MATIC is a very popular cryptocurrency and blockchain network designed specially to make Ethereum based projects more fast and cheap. Polygon assists on solving these problems through its “sidechains”, which are basically a chain of mini-networks running alongside Ethereum to handle transactions more efficiently. Additionally polygon tech also helps in development in DeFi apps, NFTs, and other projects without worrying about high fees. It is widely used by developers as it makes things much easier and it has a strong community supporting it.

POL token is on a uphill ride recently, with reaching over 40% gain in a single week. A Crypto analyst Man of Bitcoin says Polygon still has room left to rise, highlighting what’s called an “Elliot wave 5 pattern”. This pattern basically means a signal in technical analysis that hints the asset might be heading for another rally. In simple terms, it breaks through price movements into 5 different waves with the final “wave 5” often marking a strong push upward before any cooldown. So, if this works out POL can experience another boost pretty soon.

You might also like: Cronos (CRO) Surges After Google Cloud Partnership and New Roadmap Release

Polygon Price Outlook

As the time of writing, Polygon’s token MATIC is priced at $0.4146  with a 24 hour trading volume of $23,890,287. This indicates an impressive 9.31% rise in the past 24 hour and an amazing 40.33% rise in the last seven days. It currently holds a circulating supply of staggering 2.6 billion MATIC tokens and covers a market capitalization of about $1.07 billion. Backed by its recent positive rise, its placed comfortably at the 92th position in worlds top crypto list.

Cronos (CRO) Surges After Google Cloud Partnership and New Roadmap Release

In brief

Following the release of a strategic roadmap and the announcement of a collaboration with Google Cloud as its primary validator, Cronos (CRO) saw a bullish spike, experiencing a 30% increase. The altcoin had been declining since March, but this rekindled investor interest and signaled a trend reversal.

After months of a bearish trend, Cronos (CRO) is back in the spotlight. On Nov. 6 and Nov. 7, two major announcements brought a wave of positivity and drove up CRO’s price. The Cronos community is optimistic, with many projecting continued gains.

YOU MIGHT ALSO LIKE: Ethereum Foundation’s Strategic Vision for Long-Term Growth in 2024

Key Features of the New Roadmap

A new roadmap was released by Cronos that included several significant enhancements: AI-Enabled Tools: It is expected that these tools would increase the efficiency of developing dApps. Token Burn Modifications and Protocol Updates: The token burn algorithm has been modified to make CRO more sustainable. Extension of CRO Use Cases: CRO will be used in dApp development and cloud computing payments.

Google Cloud Partnership

Google Cloud was introduced as the primary validator for Cronos. This partnership aims to improve network security and decentralization. Google Cloud’s support could increase Cronos’s appeal and usage, driving future growth.

Investor Sentiment and Market Performance

CRO’s price reached a five-month high of over $3 billion in market cap. Investor sentiment remains strong, with 86% of the CoinMarketCap community expecting further gains. Open interest in CRO futures increased by 28% over the past day.

YOU MIGHT ALSO LIKE THIS: Notcoin’s 15% Surge Catches Investor Attention – Is More Growth on the Horizon?

Technical Evaluation and Prospects

Technical signs point to caution even though CRO’s rise is picking up steam. CRO is overbought, indicating a possible market correction, according to the Relative Strength Index (RSI).Immediate support lies at $0.0772, near the middle Bollinger Band.

As a result of its new strategy and partnership with Google Cloud, CRO has revitalized its market position. Although current technical indicators suggest a possible decline, good fundamentals and bullish market sentiment provide a favorable outlook for CRO’s future course.

Notcoin’s 15% Surge Catches Investor Attention – Is More Growth on the Horizon?

Notcoin (NOT) just popped off with its double digit gain by showing a bullish falling wedge pattern on the charts. Tech indicators even suggest that it might be able to hit a consolidating phase soon. This spike doesn’t only point towards strong market vibes but also gives this token NOT, a chance to bounce back from its recent losses.

Notcoin is an altcoin, an emerging cryptocurrency that works on blockchain technology and basically represents a high-risk, high-reward opportunity typical of new or smaller cryptocurrencies. Its token is called NOT and its getting major traction lately.

According to CoinMarketCap’s data, Notcoin is looking over serious gains over the last week. Profits have risen up by almost 10% in seven days and that’s not all as the token’s price surged nearly 15% in the last 24 hours alone. However, despite this price hike only 479k NOT addresses are in profit which is mere 17% of the total number of addresses. But hope is not all gone as analysts believe this trend can most probably change soon.

Reportedly, NOT has just hit a key level after a major price jump. Crypto analyst World Of Charts even pointed out a bullish falling wedge pattern that has been cooking since June, with NOT now consolidating tightly. Clearly NOT is nearing a resistance test and if it manages to break out, it will quickly recover its past losses.

You might also like : Ethereum Foundation’s Strategic Vision for Long-Term Growth in 2024

NOT Price

As of the time of writing NOT token is trading at  $0.00783 with a 24 hour trading volume of $703,986,862. This indicates a 5.91% increase over the past 24 hour and an amazing 40.10% increase over the past week. This sort of increase is rarely seen in any altcoins, also with experts hyping this up, this really might be on verge of its next big surge in the market. It currently has a circulating supply of 100 billion NOT tokens and market cap of about $800 million.

Ethereum Foundation’s Strategic Vision for Long-Term Growth in 2024

In brief, the Ethereum Foundation has shown its commitment to the Ethereum network by maintaining the vast majority of its assets in Ethereum. In its 2024 Treasury Report, the foundation outlined a conservative financial strategy that prioritized stability and long-term growth through a careful allocation of both fiat and cryptocurrency assets.

Overview and Strategy of the Treasury

The Ethereum Foundation has $970.2 million in total assets, with 99% of those assets being in ETH. This calculated decision demonstrates the foundation’s faith in Ethereum’s long-term prospects.

YOU MIGHT ALSO LIKE THIS: Cardano Soars as Bitcoin Nears $80K

Conservative Management Approach

To secure future funding, the foundation periodically sells ETH during bull markets to build fiat reserves, ensuring continuity of funding even during market downturns.

Ecosystem Growth Funding

The foundation devotes a sizeable portion of its funding—$32.1%—to layer-1 research and Ethereum-supporting institutions.ETH has shown notable performance in recent weeks, rising over 16% and outpacing Bitcoin. This growth aligns with the foundation’s optimistic outlook.

YOU MIGHT ALSO LIKE THIS: Injective (INJ) Eyes Bold $100 Rally Following Bullish Flag Breakout

The Ethereum Foundation’s report reflects a balanced strategy that prioritizes long-term ecosystem growth and financial stability. Through strategic treasury management, the foundation aims to support Ethereum’s development well into the future.

Injective (INJ) Eyes Bold $100 Rally Following Bullish Flag Breakout

Injective (INJ) just blasted out a bullish flag pattern. Its reportedly setting sights on a midterm target of $66 and very soon looks towards going on a solid uptrend. It has already broken above its 200 day moving average. Right now its at a critical $22.5 resistance level and looks to break through it pretty soon which would result in even more gains.

Injective is attracting major attention towards itself with analysts supporting it by highlighting its potential bullish run coming soon. Currently trading at $ 22.7 this cryptocurrency is poised to break above to more high targets, with a midterm price forecast of $66.

One of the crypto analysts , Captain Faibik specially highlighted a bullish flag pattern breakout for injective. Injective had been suffering a constant decline as of recent and usually there is a reversal from a downtrend to an uptrend and recent momentum of it hints on a major breakout. Analysts believe if this continues on we could expect a very nice rally.

Analysts are absolutely hyped up about INJ hitting $66 midterm after breaking out of a bullish flag pattern which is usually a sign of strong accumulation before a big price move. Its getting full support from buyers as well as they are all stepping in which further pushes INJ closer to this target. Analyst Aqua notes that INJ just broke above the 200-day moving average , this is first time since April, which often hints at a trend reversal. Aqua also makes another positive remarks by stating he believes INJ could surge past $100 in the coming months.

You might also like :Cardano Soars as Bitcoin Nears $80K

Cardano Soars as Bitcoin Nears $80K

An overview

Cardano (ADA) is now a top gainer, exhibiting strong upward momentum in the cryptocurrency market as Bitcoin reaches new highs following the election.

Cardano’s 33% Surge

For the first time in seven months, Cardano (ADA) surged by 33% in a 24-hour period, making it the best performer among the top 100 cryptocurrencies. Reaching a peak of $0.594 earlier today, ADA’s value has significantly increased, with its current trading price at $0.57. Cardano’s market cap now stands at $20 billion, making it the ninth-largest digital currency, with daily trading volume surpassing $2 billion.

1000006986 Bitmala

YOU MIGHT ALSO LIKE THIS: NFT Sales Surge 16.1% to $96.1M as Bitcoin Network Overtakes Solana

The Record Highs of Bitcoin

Following Donald Trump’s triumph, Bitcoin continued to rise, hitting an all-time high of $79,780 at 05:43 UTC today. Bitcoin is currently selling at $79,000 with a market value of $1.58 trillion and a supply of 19.78 million, as some investors start to take profits.

1000006987 Bitmala

Market Overview

The total crypto market cap now stands at $2.85 trillion, rising by $420 billion in the past week. Trading volume across the market has reached $172 billion over the past 24 hours, reflecting heightened investor interest.

YOU MIGHT ALSO LIKE THIS : Bitcoin Soars to $77K Just Days After U.S. Elections

JUP and Uniswap Primed for Growth as This AI Crypto Soars 400% – Local Bottom Signals Potential Surge

After recent market dips, JUP and Uniswap are showing rebound potential. Returning with JUP oversold and UNI nearing resistance, meanwhile, CYBRO’s token presale has also already shot past $4 million, with whales eyeing it as a unique NeoBank investment offering potential 1200% ROI. CYBRO’s points system also contains exciting perks like airdrops and high staking rewards system. With only 21% of tokens left in presale, this CYBRO’s AI-powered platform on Blast blockchain certainly does stand out as a game-changer in DeFi.

After overall market falling out recently some cryptocurrency are showing strong signs of comeback. Jupiter (JUP) and Uniswap are in line to prove themselves and together with them comes the impressive $4 million surge of CYBRO and this momentum doesn’t seem to slow down any time sooner. This article delves more deeply on how CYBRO can be the next big thing.

Jupiter (JUP) Poised for a Comeback Following Recent Market Dip

Jupiter (JUP) has been trading between $0.79 and $1.03 for quite some time now. It is sitting below 10-day and 100-day averages, hinting at a short-term downtrend. But stochastic say something else, by sitting at 22.92 it is possibly oversold and could see a rebound very soon. RSI is neutral at 50.25 and if JUP breaks resistance at $1.18, it will be just enough to push up to $1.42 which is about 38% gain. However, if it drops under $0.70, it could test support at $0.46.

Uniswap (UNI) Approaches Key Resistance Level

Uniswap is on a constant rise up, crossing over 10% in the past week and nearly 24% in a month. Currently its trading between $6.49 and $7.97 and is looking to close on a key resistance at $8.89. It keeps it on with a chance to push higher up to $10.38 if it breaks through. It is just under its 10-day average of $9.05 but is close to its 100-day average which shows possible resistance.With a low stochastic at 12.09, UNI also seems oversold and so, investors are waiting to see if it can break out or drop back to $5.91 support.




NFT Sales Surge 16.1% to $96.1M as Bitcoin Network Overtakes Solana

In brief

The amount of NFT sales rose 16.1% to $96.1 million as a result of the recent surge in the cryptocurrency market. This rise caused Bitcoin’s blockchain NFTs to surpass Solana’s in terms of overall sales volume. The NFT market is still robust and does well in several chains, even if there has been a noticeable drop in active buyers.

The expansion of the NFT market during the cryptocurrency boom

NFT revenues have increased significantly in sync with the rise of the cryptocurrency market, rising 16.1% to $96.1 million.Important contributing causes include the worldwide cryptocurrency market cap increasing 3.29% to $2.6 trillion and Bitcoin hitting a new high of $77,252.75 following Donald Trump’s victory in the U.S. election.

YOU MIGHT ALSO LIKE THIS: Bitcoin Soars to $77K Just Days After U.S. Elections

Bitcoin NFTs Surpass Solana

Ethereum remains the top NFT blockchain with $31.2 million in sales, but Bitcoin has now claimed the second position, overtaking Solana with $26.3 million in NFT sales—up 93% in a week. Solana dropped to third, while Mythos Chain and Polygon earned fourth and fifth places, respectively.

Highlights of the Collection and Best-Selling NFTs

During a week with significant sales, some of the best-selling NFTs were:

1) $198,680 for SuperRare #7533

2) $154,044 for CryptoPunks #7596

(#142,742) Protoshrooms Additionally, CryptoPunks maintained its high demand, earning several spots among the top-grossing NFTs for the week.

YOU MIGHT ALSO LIKE THIS :Binance Labs Backs DeSci Platform BIO Protocol

Exit mobile version