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.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Bitcoin Soars to $77K Just Days After U.S. Elections

Synopsis

Bitcoin experienced significant increases, reaching a new all-time high of $77,020 just 48 hours after Donald Trump won the election. At $1.5 trillion in market capitalization, Bitcoin has overtaken Meta to rank among the world’s most valuable assets. According to experts, the incoming administration’s pro-crypto policies will continue to fuel the expansion of the digital asset market.

Bitcoin Reaches Record Highs After the Election

Bitcoin jumped to $77,020 on November 8, surpassing its previous peak. This record, which was attained shortly after Trump’s victory, shows that there is increasing hope for the impact of lawmakers who support cryptocurrency in Congress. The current surge has propelled Bitcoin into the top 10 assets globally, with its year-to-date rise presently standing at 118%.

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Proposals for Crypto-Friendly Laws

Get Moving It looks likely that new regulations will boost digital assets now that more pro-crypto lawmakers are in office. One of the initiatives put forth by Senator Cynthia Lummis of Wyoming is the creation of a national Bitcoin reserve. Up to one million Bitcoin might be purchased over the course of five years as part of this scheme, which could strengthen Bitcoin’s position in the American economy.

The Increasing Significance of Crypto in American Politics

The potential of digital assets was proved by the increase in political fundraising during this election that was driven by cryptocurrencies. According to commentators, the incoming administration may offer a more favorable regulatory environment for cryptocurrencies, which might lead to further rise for Bitcoin and other digital assets.

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Solana Breaks Through $200 Barrier with Impressive 9% Surge in Value

Solana just hit $200 for the first time in seven months, jumping 8.69% as the crypto market rallies post-US election. Its currently at $203.88 which represents a 22.25% rise since last week and whopping 370% over the last year. Despite being 23% below its all-time high of $260, it’s riding the bullish wave fueled by Trump’s win and pro-crypto candidates in Congress. Hence overall market peaked, with Bitcoin and Ethereum also hitting record highs.

Following recent US presidential election, whole crypto market saw huge growth, which benefitted big names such as Bitcoin, which is currently trading at its all time high $75K. And so, Solana also hopped in on the party by finally breaking through its $200 mark after struggling for seven months. While this is still below its all-time high, this performance ignites optimism for future gains.

On the day of election, crypto market witnessed massive burst after Trump was announced victorious. Reportedly, the market capitalization rose by 5% that day and reached a staggering $2.56 trillion. One of the reasons for this might be the shear amount of pro-crypto candidates inside the House of Representatives.

Solana Price Outlook

As of November 9, Solana’s token SOL is priced at $197.93, although this is lower than $200 its just a minor volatility and the overall report suggests positive improvements. Its 24 hour trading volume is of about $4,886,202,079, it indicates 1.63% decline in the last 24 hours but overall it has increased by 21.29%, considering past seven days. With a total circulating supply of 470 million and a huge market cap of almost $93 billion, SOL is comfortably placed at fourth position amongst world’s top cryptocurrencies.

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Binance Labs Backs DeSci Platform BIO Protocol

In its first investment in the decentralized science (DeSci) space, Binance Labs, the company’s venture capital division, has contributed to BIO Protocol, a platform that uses decentralized finance to advance scientific research. With this investment, Binance demonstrates its deliberate foray into the biotech and decentralized finance (DeFi) sectors.

Pioneering Decentralized Science

BIO Protocol, also referred to as the “Y Combinator of on-chain science,” offers a special decentralized funding platform for early-stage scientific enterprises. The platform focuses on topics including women’s health, mental health, and cryopreservation and leverages a network of seven BioDAOs to facilitate collaboration between investors and scientists on ground-breaking research initiatives.

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Growing Funding and BioDAOs

By incorporating more BioDAOs, BIO Protocol intends to expand its ecosystem and support new scientific entities with the funding from Binance Labs. The platform aims to distribute seed finance and enhance community and tokenomics support to further decentralized research efforts.

Binance Labs’ Growing VC Footprint

As part of its continuous attempts to expand its startup capital portfolio, Binance Labs has recently backed innovative projects like Solayer, a Solana staking protocol, and Lombard, a Bitcoin staking platform. Putting money into BIO Protocol aligns with Binance’s objective to back projects that provide important, long-lasting technology solutions for a variety of industries.

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