Tag: Market Insights

XRP Targets $2 Support as Market Correction Intensifies

XRP popped over $2.50, hyped by Ripple’s SEC progress and clearer crypto rules, but slammed into resistance at $2.40 and started dipping. Now at $2.18, it’s down 9% as whales cash out and $53M in longs got wrecked. If $2 support cracks, $1.75 could be next. Momentum’s fading fast.

XRP had a wild ride recently, blasting past $2.50 with over 400% gains from its $1 breakout. The pump came thanks to Ripple’s legal wins against the SEC and the crypto world pushing for clear rules. But then, bam — XRP hit resistance at $2.40 and started sliding.

Liquidations have been brutal. Over $53M in long positions got wrecked in just one day, while $12M in longs and $4.2M in shorts were wiped out more recently. Smaller investors are dipping out, and even whales seem to be cashing in as XRP struggles to stay afloat.

Now, all eyes are locked on the $2 mark — a do-or-die support level. If XRP falls below $2, it could freefall to $1.88 or even $1.75. Indicators aren’t looking too hot either: RSI is down to 60.65, showing fading hype, OBV signals less buying action, and the MACD says selling pressure is up.

Still, if XRP bounces back hard from $2, there’s hope to reclaim $2.50 and keep the bullish vibes alive. As of writing, XRP is down by 9% to $2.18, with market cap dropping to $124B. Can it hold the line, or is more pain coming? Stay tuned

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US Spot Ethereum ETFs Soar to $10.8B in Assets Under Management

Spot Ethereum ETFs just hit $10.8B in assets, snagging 2.47% of ETH’s market cap. Big inflows coming in shows investors are hyped, especially with ETH rallying 15% this week to $3,631. Analysts think $4K is next. TL;DR: ETH’s on fire, and ETFs are riding the wave!

Okay, so here’s what’s been buzzing around the crypto world: Spot Ethereum (ETH) ETFs just hit a wild milestone. As of now it is ranked in a total of $10.8 billion in assets. That’s like 2.47% of Ethereum’s entire market cap. Yeah, it’s a big deal.

The last few days have been crazy. According to Sosovalue (shoutout to them for the stats), these ETFs got a solid $133 million in new money flowing in over just three days. On November 27 alone, a whopping $90.1 million came in, which screams one thing: investors are vibing hard with ETH right now.

So, why the hype? ETH’s price has been climbing like crazy—up 15% this week alone. It’s now sitting at $3,631, with a sweet 5.2% jump in just 24 hours. And guess what? It’s even outperforming THE Bitcoin itself. ETH said, “Move over, BTC; I’m the star of the show now.”

Analysts are now like, “What if ETH hits $4K?” If that happens, it’s game over (in a good way). With the ETFs popping off, ETH prices rallying, and big institutions finally giving it the nod, Ethereum’s basically proving it’s the main character in this crypto story.

So yeah, buckle up. It’s Ethereum’s world right now, and we’re just living in it.

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NFTs Hit $158M in Weekly Sales, Powered by Ethereum and Bitcoin

NFT sales just hit $158M this week, led primarily by Ethereum ($49M) and Bitcoin ($43M), despite a 12.7% drop from last week. Solana saw a huge spike in buyers aswell, with 185K+ active users. The NFT market’s still strong, closing November with solid momentum after a record-breaking October.

NFTs are still holding strong despite a slight dip this week, with $158 million in sales over the last seven days, according to CryptoSlam. While that’s a 12.7% decrease from last week’s $181 million, the numbers are still looking solid, especially when compared to earlier in November when sales were only around $93 million.

Ethereum continues to dominate the NFT scene with $49 million in sales, though that’s down 25.9% from the week before. Bitcoin NFTs are also holding their own, recording $43 million in sales, though that’s a 29% drop.

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But here’s where things get interesting: Solana, which has been flying under the radar, just smashed it in terms of buyers. With over 185K Solana users actively picking up NFTs this week, which is a 58% jump from last week, its giving off positive vibes all over! In comparison, Ethereum, while leading in sales volume, saw a slight dip in buyer activity.

Other networks like Polygon, Mythos Chain, Immutable, and BNB Chain combined for $35.8 million in NFT sales this week. And although the average transaction value dropped a little, from $133 to $126, it’s clear that interest in NFTs is holding steady.

Looking at the bigger picture, the NFT space is showing some serious resilience. October saw a huge spike in sales, ending a seven-month slump, and now November is keeping the momentum going. Despite the fluctuations, the rise in Solana’s buyers and Ethereum’s continued dominance show that the digital collectible market is alive and kicking.

Despite a minor decline this week, NFTs are still doing well; according to CryptoSlam, sales over the past seven days have totaled $158 million. Even while it is a 12.7% drop from previous week’s $181 million, the figures appear to be stable, particularly when contrasted with sales of only about $93 million earlier in November.

With $49 million in sales, Ethereum is still the market leader in NFT, despite a 25.9% decrease from the previous week. Despite a 29% decline, Bitcoin NFTs are still doing well, with $43 million in sales.

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Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

Chill Guy Coin, known as CHILLGUY has exploded by 650% in just 2 days. After that surge it reached $0.222 and now holds a market cap of $227.6M. It was launched on November 18 and it’s up 3627% with nearly 1B tokens in circulation. The coin’s gaining mad hype, but might cool off before climbing further. Keep an eye on $0.50+ potential!

CHILLGUY token, a community driven cryptocurrency designed to embody a relaxed and fun vibe while promoting decentralization and inclusive technology has seen its price skyrocket lately. This token is mostly targeted towards younger and a bit tech-savvy investors. Its basically a memecoin which contains real world use cases, such as rewards in social platforms, gaming, and merch drops. Its perfect match for anyone seeking a casual entry into the crypto space. The inspiration behind this memecoin is a viral meme called “My New Character”.

Chill Guy Token’s initial deployment was recorded on September 12 of this year. It gained significant momentum in its presale run and quickly managed to raise its popularity in crypto space. The price of this token has risen by 3627% since its debut. In just past two days it surged by a staggering 538%. The hourly chart reveals consistently higher highs and higher lows, indicating the bullish trend is intact. But RSI says there might be an overbought situation which will drop down its hype.

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CHILLGUY Price Forecast

As of writing, CHILLGUY is priced at $0.413, with a 24 hour trading volume of about $455 million. This indicates an increase by  781.00% in the past 24 hours. It currently has a circulating volume of total  1 Billion CHILLGUY and holds a market cap of about $438 million.

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