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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>CoinGape</title> <atom:link href="https://coingape.com/feed/" rel="self" type="application/rss+xml" /> <link>https://coingape.com/</link> <description>CoinGape - 24*7 Crypto Updates</description> <lastBuildDate>Sat, 23 Nov 2024 21:39:48 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.1</generator> <image> <url>https://coingape.com/wp-content/uploads/2023/11/cropped-CoinGape_logo2-32x32.png</url> <title>CoinGape</title> <link>https://coingape.com/</link> <width>32</width> <height>32</height> </image> <item> <title>Ripple Provided The Blueprint To Defeat Gary Gensler: Stuart Alderoty</title> <link>https://coingape.com/ripple-provided-the-blueprint-to-defeat-gary-gensler-stuart-alderoty/</link> <dc:creator><![CDATA[Godfrey Benjamin]]></dc:creator> <pubDate>Sat, 23 Nov 2024 20:21:14 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Gary Gensler]]></category> <category><![CDATA[Ripple Labs]]></category> <guid isPermaLink="false">https://coingape.com/?p=226551</guid> <description><![CDATA[Stuart Alderoty, the Chief Legal Officer of Ripple Labs Inc has spotlighted the firm’s role in fighting the crypto crackdown initiated by Gary Gensler as Chairman of the US Securities and Exchange Commission (SEC). With a legal battle spanning approximately four years, Alderoty send appreciation to the key stakeholders in the regulatory fight The Unsung <a class="mh-excerpt-more" href="https://coingape.com/ripple-provided-the-blueprint-to-defeat-gary-gensler-stuart-alderoty/" title="Ripple Provided The Blueprint To Defeat Gary Gensler: Stuart Alderoty"></a> The post <a href="https://coingape.com/ripple-provided-the-blueprint-to-defeat-gary-gensler-stuart-alderoty/">Ripple Provided The Blueprint To Defeat Gary Gensler: Stuart Alderoty</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img fetchpriority="high" decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Ripple-Provided-The-Blueprint-To-Defeat-Gary-Gensler.jpg" class="attachment-full size-full wp-post-image" alt="Ripple Provided The Blueprint To Defeat Gary Gensler" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Ripple-Provided-The-Blueprint-To-Defeat-Gary-Gensler.jpg 1200w, https://coingape.com/wp-content/uploads/2024/11/Ripple-Provided-The-Blueprint-To-Defeat-Gary-Gensler-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2024/11/Ripple-Provided-The-Blueprint-To-Defeat-Gary-Gensler-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2024/11/Ripple-Provided-The-Blueprint-To-Defeat-Gary-Gensler-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2024/11/Ripple-Provided-The-Blueprint-To-Defeat-Gary-Gensler-272x182.jpg 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Stuart Alderoty, the Chief Legal Officer of Ripple Labs Inc has spotlighted the firm’s role in fighting the crypto crackdown initiated by Gary Gensler as Chairman of the US Securities and Exchange Commission (SEC). With a legal battle spanning approximately four years, Alderoty send appreciation to the key stakeholders in the regulatory fight <h2>The Unsung Heroes In Ripple Labs’ Legal Battle</h2> In his post on X, Stuart Alderoty noted that though victory has a thousand fathers, some personalities played major roles. He spotlighted the company’s CEO, Brad Garlinghouse, as a leader who provided the courage the team needed to go on. He also hinted at the role many in the firm’s legal department played as key in paving the way for the success achieved thus far. To the Ripple CLO, most of the core contributors in-house are nameless and do not seek “Twitter spotlight.” Ultimately, he believes that Ripple provided the blueprint to “defeat Gary Gensler’s inexplicable war on crypto.” He reiterated that the team kept the door open long enough for the crypto industry to survive the regulatory crackdowns. <blockquote class="twitter-tweet"> Victory has a thousand fathers, but make no mistake. The courage of Brad and Chris, and the resilience and expertise of Ripple Team Legal (most of whom are nameless and never sought the Twitter spotlight) paved the way. Ripple provided the blueprint to defeat Gary Gensler’s… — Stuart Alderoty (@s_alderoty) <a rel='nofollow' href="https://twitter.com/s_alderoty/status/1860382900505448947?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> Ultimately, he mentioned the role played by the XRP Army. Alderoty thanks the community for their faith and support in the project overall. <h2>The Gary Gensler Defeat in Context</h2> There are a number of interpretations to the defeat implied by the Ripple CLO. Beyond the undisputed verdict that XRP is not in itself a security, Gary Gensler’s <a href="https://coingape.com/breaking-gary-gensler-to-step-down-as-us-sec-chair-in-january-2025/" target="_blank" rel="noopener">resignation date</a> is now set at January 20, 2025. This resignation came following the Kamala Harris defeat by Donald Trump in the just-concluded US Presidential election. As many industry leaders noted, the crypto voters played a role in determining the outcome of the election. Many supported Donald Trump drawing on his promises to end the war on crypto. Thus far, the signs of change are visible with his appointments. He picked Tether advocate Howard Lutnick as Commerce Sec, Scott Bessent as Treasury Secretary with Gary Gensler’s replacement yet to be unveiled. While the next steps in the <a href="https://coingape.com/ripple-clo-breaks-down-next-steps-in-us-sec-vs-xrp-appeal/" target="_blank" rel="noopener">XRP lawsuit appeal</a> are well defined, it remains to be seen if the next US SEC Chairman will revoke the appeal in the Ripple Lawsuit. In all, the community has counted a win with Trump in charge. The post <a href="https://coingape.com/ripple-provided-the-blueprint-to-defeat-gary-gensler-stuart-alderoty/">Ripple Provided The Blueprint To Defeat Gary Gensler: Stuart Alderoty</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Ripple-Provided-The-Blueprint-To-Defeat-Gary-Gensler.jpg" width="460" height="230" /> </item> <item> <title>Will Toncoin Price Hit $10 After Recent 20% Rally?</title> <link>https://coingape.com/markets/will-toncoin-price-hit-10-after-recent-20-rally/</link> <dc:creator><![CDATA[Coingape Staff]]></dc:creator> <pubDate>Sat, 23 Nov 2024 19:55:45 +0000</pubDate> <category><![CDATA[Price Analysis]]></category> <category><![CDATA[TON]]></category> <category><![CDATA[Ton price analysis]]></category> <category><![CDATA[toncoin price prediction]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=markets&p=226555</guid> <description><![CDATA[Toncoin price, a Telegram-affiliated altcoin, has experienced significant growth amid widespread market optimism this month. Recent trends reveal TON is making strides toward the $10 mark, driven by increasing bullish momentum and heightened trading activity. The cryptocurrency’s upward trajectory mirrors the broader crypto market rally, showcasing notable gains across multiple digital assets. Can Toncoin Price <a class="mh-excerpt-more" href="https://coingape.com/markets/will-toncoin-price-hit-10-after-recent-20-rally/" title="Will Toncoin Price Hit $10 After Recent 20% Rally?"></a> The post <a href="https://coingape.com/markets/will-toncoin-price-hit-10-after-recent-20-rally/">Will Toncoin Price Hit $10 After Recent 20% Rally?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/07/Toncoin2-1.webp" class="attachment-full size-full wp-post-image" alt="Will Toncoin Price Hit $10 After Recent 20% Rally?" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/07/Toncoin2-1.webp 1200w, https://coingape.com/wp-content/uploads/2024/07/Toncoin2-1-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/07/Toncoin2-1-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/07/Toncoin2-1-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/07/Toncoin2-1-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Toncoin price, a Telegram-affiliated altcoin, has experienced significant growth amid widespread market optimism this month. Recent trends reveal TON is making strides toward the $10 mark, driven by increasing bullish momentum and heightened trading activity. The cryptocurrency’s upward trajectory mirrors the broader crypto market rally, showcasing notable gains across multiple digital assets. <h2>Can Toncoin Price Surpass $10 After Recent Gains?</h2> Toncoin price has gained significant momentum recently, breaking past $6 after months of subdued activity. The cryptocurrency surged 15% over the past week, with an impressive 20% jump just today. This rapid rise is attributed to Toncoin’s listing on the largest stock exchange in South Korea and its strategic expansion into the U.S. market. These moves have increased investor confidence, fueling demand and pushing prices higher. The broader <a href="https://coingape.com/cryptocurrency-prices-today-nov-23-btc-at-98k-hbar-surges-25-and-xlm-rises-55/">crypto market</a> also witnessed bullish trends on Saturday, driving a wave of optimism globally. Bitcoin remains stable at $98,000, while altcoins, including Toncoin, continue to show upward momentum. <h2>TON Price Surges 10% Amid Bullish Momentum</h2> The latest TON price has shown a remarkable surge, climbing 20% within the past day. The cryptocurrency is now valued at $6.40, with its price performance displaying significant momentum. TONcoin reached an intraday high of $6.58, signaling a strong bullish trend. Despite its recent gains, TON remains 20.91% below its all-time high of $8.24, recorded on June 15, 2024. However, the token has achieved a staggering increase of 1567.46% since its all-time low of $0.3906 on September 20, 2021. The<a href="https://coingape.com/top-layer-1-crypto-projects/"> layer 1</a> maintains bullish momentum, with market conditions pushing prices upward despite resistance at the $7 mark. The cryptocurrency recently faced rejection at this price level, highlighting challenges in sustaining its upward trajectory. Toncoin could overcome this hurdle if buyers increase pressure and extend its rally. Potential targets include $9 and $10, representing nearly a 50% surge from current levels. The Relative Strength Index (RSI), currently at 71, indicates that Toncoin is in the overbought region. <figure id="attachment_226556" aria-describedby="caption-attachment-226556" style="width: 1154px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226556" src="https://coingape.com/wp-content/uploads/2024/11/TONUSDT_2024-11-23_22-53-17.png" alt="Will Toncoin Price Hit $10 After Recent 20% Rally?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/11/TONUSDT_2024-11-23_22-53-17.png 1154w, https://coingape.com/wp-content/uploads/2024/11/TONUSDT_2024-11-23_22-53-17-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/11/TONUSDT_2024-11-23_22-53-17-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/11/TONUSDT_2024-11-23_22-53-17-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px" /><figcaption id="caption-attachment-226556" class="wp-caption-text">Toncoin Price Chart: <a rel='nofollow' href="https://www.tradingview.com/x/YL9TTr1t/" rel="nofollow">TradingView</a></figcaption></figure> According to Coinglass, Toncoin’s derivatives market has witnessed a remarkable surge in activity. The trading volume soared, indicating heightened investor interest in the cryptocurrency. Additionally, open interest in Toncoin climbed high. This rise reflects a growing number of active positions in the derivatives market, signaling robust engagement from traders. <figure id="attachment_226557" aria-describedby="caption-attachment-226557" style="width: 1358px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226557" src="https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-10.png" alt="Will Toncoin Price Hit $10 After Recent 20% Rally?" width="1358" height="318" srcset="https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-10.png 1358w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-10-300x70.png 300w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-10-1224x287.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-10-768x180.png 768w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-10-150x35.png 150w" sizes="(max-width: 1358px) 100vw, 1358px" /><figcaption id="caption-attachment-226557" class="wp-caption-text">Source- <a rel='nofollow' href="https://www.coinglass.com/currencies/TON" rel="nofollow">Coinglass</a></figcaption></figure> Toncoin’s recent rally showcases strong market momentum fueled by strategic expansions and bullish trends. While resistance at $7 poses challenges, increased investor interest and trading activity suggest potential for further growth, with $10 remaining an achievable target for TON enthusiasts. The post <a href="https://coingape.com/markets/will-toncoin-price-hit-10-after-recent-20-rally/">Will Toncoin Price Hit $10 After Recent 20% Rally?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/07/Toncoin2-1.webp" width="460" height="230" /> </item> <item> <title>Will Polkadot Price Continue To Rally Following 100% Surge?</title> <link>https://coingape.com/will-polkadot-price-continue-to-rally-following-100-surge/</link> <dc:creator><![CDATA[Ronny Mugendi]]></dc:creator> <pubDate>Sat, 23 Nov 2024 18:53:39 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Crypto Rally]]></category> <category><![CDATA[Polkadot (DOT)]]></category> <guid isPermaLink="false">https://coingape.com/?p=226543</guid> <description><![CDATA[Polkadot price has had an exceptional surge, rising by over 100% within the last month. The cryptocurrency’s price has shifted from a lengthy downtrend channel and is therefore in the process of recovering. After this breakout, DOT returned to the $8 level which was a resistance turned support level in previous cycles. This level is <a class="mh-excerpt-more" href="https://coingape.com/will-polkadot-price-continue-to-rally-following-100-surge/" title="Will Polkadot Price Continue To Rally Following 100% Surge?"></a> The post <a href="https://coingape.com/will-polkadot-price-continue-to-rally-following-100-surge/">Will Polkadot Price Continue To Rally Following 100% Surge?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/07/DOT-Price-Rise.webp" class="attachment-full size-full wp-post-image" alt="Will Polkadot Price Continue To Rally Following 100% Surge?" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/07/DOT-Price-Rise.webp 1200w, https://coingape.com/wp-content/uploads/2024/07/DOT-Price-Rise-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/07/DOT-Price-Rise-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/07/DOT-Price-Rise-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/07/DOT-Price-Rise-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Polkadot price has had an exceptional surge, rising by over 100% within the last month. The cryptocurrency’s price has shifted from a lengthy downtrend channel and is therefore in the process of recovering. After this breakout, DOT returned to the $8 level which was a resistance turned support level in previous cycles. This level is important in maintaining the upward movement. <h2>Polkadot Price Breaks $8 Resistance: What’s Next?</h2> Amid the current crypto rally, Polkadot price surged 111% over the past 30 days, marking an impressive recovery. This includes a 40% daily jump, bringing DOT back above $8. The market has experienced heightened trading activity and stronger bullish pressure, driving the recent upward momentum. At the time of writing, the $8 mark, which was a resistance level, is now a support zone. On the monthly chart, Polkadot price is moving toward a key horizontal resistance level near $10, which also represents a critical psychological barrier. Historically, the $10 zone has acted as both support and resistance during various market cycles. Therefore, a successful breach could pave the way for a rally toward the $12.60 level. <figure id="attachment_226547" aria-describedby="caption-attachment-226547" style="width: 1072px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226547" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-5-rkt-1.png" alt="Polkadot (DOT)" width="1072" height="761" srcset="https://coingape.com/wp-content/uploads/2024/11/Screenshot-5-rkt-1.png 1072w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-5-rkt-1-300x213.png 300w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-5-rkt-1-768x545.png 768w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-5-rkt-1-150x106.png 150w" sizes="(max-width: 1072px) 100vw, 1072px" /><figcaption id="caption-attachment-226547" class="wp-caption-text">Source: X</figcaption></figure> Moreover, <a href="https://coingape.com/best-indicators-for-crypto-trading/" target="_blank" rel="noopener">top technical indicators</a> reveal a bullish outlook. The Relative Strength Index (RSI) has entered the overbought zone on the daily chart, reflecting increased buying pressure. This suggests that the market is favoring continued upward movement. However, traders remain cautious of a potential correction, as overbought conditions often precede short-term retracements. <img decoding="async" class="aligncenter size-full wp-image-226549" src="https://coingape.com/wp-content/uploads/2024/11/CaptureTRADI-1.png" alt="" width="1770" height="731" srcset="https://coingape.com/wp-content/uploads/2024/11/CaptureTRADI-1.png 1770w, https://coingape.com/wp-content/uploads/2024/11/CaptureTRADI-1-300x124.png 300w, https://coingape.com/wp-content/uploads/2024/11/CaptureTRADI-1-1224x506.png 1224w, https://coingape.com/wp-content/uploads/2024/11/CaptureTRADI-1-768x317.png 768w, https://coingape.com/wp-content/uploads/2024/11/CaptureTRADI-1-1536x634.png 1536w, https://coingape.com/wp-content/uploads/2024/11/CaptureTRADI-1-150x62.png 150w" sizes="(max-width: 1770px) 100vw, 1770px" />Source: <a rel='nofollow' href="https://www.tradingview.com/x/padWTaD9/" target="_blank" rel="nofollow noopener">TradingView</a> Additionally, Polkadot (DOT) MACD indicator shows a strong bullish crossover, with the MACD line moving significantly above the signal line, indicating heightened bullish momentum. The rising histogram bars further confirm increasing buying pressure, suggesting that the uptrend could continue. <h2>Will Price Reclaim the $10 Level?</h2> According to experts, high volatility may lead to <a href="https://coingape.com/markets/can-polkadot-price-hit-10-as-bulls-struggle-with-traders/" target="_blank" rel="noopener">Polkadot reaching</a> $10 if the upwards trends continue to prevail. The next important level of resistance is close to $9.91, breaking through which may open the way to further climb above $10. A rising Simple Moving Average (SMA) on the daily timeframe also backs DOT and the wider market sentiment. Despite this rally, a bearish reversal could lead to a retest of the $6.57 support level, with stronger downward pressure driving the Polkadot price back to its critical floor of $5. More so, analyst Rekt Capital emphasized the importance of closing the month above $8.61 to sustain the crypto rally. As of this writing, <a href="https://coingape.com/price/polkadot/" target="_blank" rel="noopener">Polkadot price</a> is at $8.53, having surged 35.65% in the last one day. Market capitalization is $13.14 billion, while the trading volume within 24 hours is $3.03 billion which is a 271% increase. The post <a href="https://coingape.com/will-polkadot-price-continue-to-rally-following-100-surge/">Will Polkadot Price Continue To Rally Following 100% Surge?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/07/DOT-Price-Rise.webp" width="460" height="230" /> </item> <item> <title>Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts</title> <link>https://coingape.com/cardano-hydra-unveils-gamified-test-campaign-ada-price-reacts/</link> <dc:creator><![CDATA[Godfrey Benjamin]]></dc:creator> <pubDate>Sat, 23 Nov 2024 18:38:40 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Cardano]]></category> <category><![CDATA[Cardano (ADA) price]]></category> <guid isPermaLink="false">https://coingape.com/?p=226538</guid> <description><![CDATA[Input Output Hong Kong (IOHK), the parent company of Cardano (ADA) has announced its upcoming Hydra testing campaign. Packaged as a gaming tournament on Doom, a title built on Hydra protocol, the startup said it plans to push the limit of the scaling solution. Cardano Hydra Expectations As IOHK revealed, the Hydra Doom deathmatch will <a class="mh-excerpt-more" href="https://coingape.com/cardano-hydra-unveils-gamified-test-campaign-ada-price-reacts/" title="Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts"></a> The post <a href="https://coingape.com/cardano-hydra-unveils-gamified-test-campaign-ada-price-reacts/">Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Cardano-Hydra-Unveils-Gamified-Test-Campaign-ADA-Price-Reacts.jpg" class="attachment-full size-full wp-post-image" alt="Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Cardano-Hydra-Unveils-Gamified-Test-Campaign-ADA-Price-Reacts.jpg 1200w, https://coingape.com/wp-content/uploads/2024/11/Cardano-Hydra-Unveils-Gamified-Test-Campaign-ADA-Price-Reacts-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2024/11/Cardano-Hydra-Unveils-Gamified-Test-Campaign-ADA-Price-Reacts-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2024/11/Cardano-Hydra-Unveils-Gamified-Test-Campaign-ADA-Price-Reacts-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2024/11/Cardano-Hydra-Unveils-Gamified-Test-Campaign-ADA-Price-Reacts-272x182.jpg 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Input Output Hong Kong (IOHK), the parent company of Cardano (ADA) has announced its upcoming Hydra testing campaign. Packaged as a gaming tournament on Doom, a title built on Hydra protocol, the startup said it plans to push the limit of the scaling solution. <h2>Cardano Hydra Expectations</h2> As IOHK revealed, the Hydra Doom deathmatch will kick off next month. The gamified testing is in stages and will feature both bots and humans. While the first round will feature players versus bots, the second round will see real players take on themselves. <blockquote class="twitter-tweet"> Help us push Hydra to the limits on Cardano! A tournament like no other, the Hydra Doom deathmatch kicks off this December, and 100,000 USDM in various prizes can be won. Featuring a brand new customized game look, multiple thrilling rounds of non-stop fragging, and an in-person… <a rel='nofollow' href="https://t.co/iRLVFYrsld">pic.twitter.com/iRLVFYrsld</a> — Input Output (@InputOutputHK) <a rel='nofollow' href="https://twitter.com/InputOutputHK/status/1860343068110585997?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> Cardano plans to incentivize participation in the Hydra Doom tournament with a 100,000 USDM prize pool. Cardano developed the protocol as its solution to scaling the mainnet. Doom is one of the dominant DApps that even Charles Hoskinson promotes as a showcase of the Hydra innovation. This is not the first time the protocol will carry out related testing on Hydra. It relies on the performance and statistics from this testing to firther develop the protocol. As reported earlier by Coingape, in previous testing, Hydra Doom recorded a total transaction of 3 million in approximately 1 hour. Beyond this, it achieved a 1663 Global TPS. In addition, it recorded more than a constant 1000 transactions with no failed transactions. Lastly, Cardano Hydra Doom attained a 14% 1 hour chain load. <h2>Community and ADA Market Reaction</h2> Cardano remains one of the best performing assets in the market at the month. Despite <a href="https://coingape.com/cardano-price-hits-1-but-analyst-says-this-is-just-the-start/" target="_blank" rel="noopener">ADA price</a> crossing the $1 mark, top market analysts believes it is just getting started. Initial reaction that trailed the Hydra Doom testing has further sparked community intrigue. Many members of the Cardano ecosystem confirmed sign ups to the testing event, boosting ADA price sentiment. At the time of writing, the coin was changing hands for $1.06, up 8.62% in 24 hours. Within this time span, the coin jumped from a low of $0.9508 to a high of $1.16. Riding on the broader <a href="https://coingape.com/bitcoin-btc-price-today-23-november-2024/" target="_blank" rel="noopener">Bitcoin price</a> momentum, Cardano appears poised to reclaim new highs and current ecosystem upgrades might help achieve this goal.   The post <a href="https://coingape.com/cardano-hydra-unveils-gamified-test-campaign-ada-price-reacts/">Cardano Hydra Unveils Gamified Test Campaign, ADA Price Reacts</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Cardano-Hydra-Unveils-Gamified-Test-Campaign-ADA-Price-Reacts.jpg" width="460" height="230" /> </item> <item> <title>Stellar Price Skyrockets Over 80%, XLM Rally to $1 Imminent?</title> <link>https://coingape.com/stellar-price-skyrockets-over-80-xlm-rally-to-1-imminent/</link> <dc:creator><![CDATA[Kelvin Munene Murithi]]></dc:creator> <pubDate>Sat, 23 Nov 2024 18:00:48 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Stellar (XLM)]]></category> <category><![CDATA[XLM Price Analysis]]></category> <guid isPermaLink="false">https://coingape.com/?p=226537</guid> <description><![CDATA[Stellar price has seen a remarkable surge, climbing over 80% in the last 24 hours, rising to number one in the top gainers. The bullish momentum has pushed XLM from $0.302 to a peak of $0.55, as traders and analysts anticipate the possibility of the asset nearing the $1 mark. Stellar Price Reaches $0.55 Amid <a class="mh-excerpt-more" href="https://coingape.com/stellar-price-skyrockets-over-80-xlm-rally-to-1-imminent/" title="Stellar Price Skyrockets Over 80%, XLM Rally to $1 Imminent?"></a> The post <a href="https://coingape.com/stellar-price-skyrockets-over-80-xlm-rally-to-1-imminent/">Stellar Price Skyrockets Over 80%, XLM Rally to $1 Imminent?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/04/Stellar-XLM-Price-Prediction.jpg" class="attachment-full size-full wp-post-image" alt="Stellar Price Skyrockets Over 80%, XLM Rally to $1 Imminent?" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/04/Stellar-XLM-Price-Prediction.jpg 1200w, https://coingape.com/wp-content/uploads/2024/04/Stellar-XLM-Price-Prediction-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2024/04/Stellar-XLM-Price-Prediction-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2024/04/Stellar-XLM-Price-Prediction-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2024/04/Stellar-XLM-Price-Prediction-272x182.jpg 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Stellar price has seen a remarkable surge, climbing over 80% in the last 24 hours, rising to number one in the top gainers. The bullish momentum has pushed XLM from $0.302 to a peak of $0.55, as traders and analysts anticipate the possibility of the asset nearing the $1 mark. <h2>Stellar Price Reaches $0.55 Amid Bullish Momentum</h2> Stellar’s price rise reflects strong buying interest as it touched $0.55, marking a significant upward trend. After a period of consolidation around $0.40, the cryptocurrency broke through resistance levels, delivering impressive returns for investors. Market participants have noted this <a href="https://coingape.com/markets/stellar-price-prediction-as-pro-sees-xlm-soaring-30/">upward movement</a> as a sign of renewed confidence in the asset’s potential. However, the price also briefly retraced from its peak as it faced resistance at the $0.55 level, suggesting that $1 remains a potential milestone rather than an immediate outcome. Jed McCaleb, Stellar’s founder, has also added to the growing optimism surrounding the network. In a recent statement, McCaleb <a rel='nofollow' href="https://x.com/JedMcCaleb/status/1860351188329464135" rel="nofollow">commented</a> on Stellar’s current momentum and its role in global financial systems. “Stellar is the most underrated and least understood crypto project,” McCaleb remarked, emphasizing its ability to facilitate real-world transactions and its high efficiency. He noted, <blockquote>“The best and most impactful use of crypto is as digital money, and this is what Stellar is built for.”</blockquote> <h2>Grayscale Stellar Lumens Trust Records 10% Asset Growth</h2> Grayscale Investments LLC’s <a rel='nofollow' href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1761325/000095017024130176/gxlm-20240930.htm" rel="nofollow">recent</a> 10-K filing highlighted a 10% increase in the net assets of its Stellar Lumens Trust during the fiscal year ending September 2024. Despite the challenges posed by XLM price fluctuations and management fees, the trust managed to grow its assets due to the addition of 34,875,230 XLM tokens valued at $3,923. Trading activity around Stellar has surged, with derivatives markets experiencing substantial growth in both volume and open interest. The trading volume for XLM derivatives rose by 284.26%, reaching $8.98 billion, while open interest increased by 125.88% to $393.05 million. <figure id="attachment_226539" aria-describedby="caption-attachment-226539" style="width: 647px" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-226539" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-82.png" alt="XLM/USD chart (source: Coinglass)" width="647" height="189" srcset="https://coingape.com/wp-content/uploads/2024/11/Screenshot-82.png 1129w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-82-300x88.png 300w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-82-768x224.png 768w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-82-150x44.png 150w" sizes="(max-width: 647px) 100vw, 647px" /><figcaption id="caption-attachment-226539" class="wp-caption-text">XLM/USD chart (source: Coinglass)</figcaption></figure> The filing also outlined that the trust faced losses stemming from token depreciation earlier in the year, but these were offset by a robust recovery and asset inflows. The document underscores the growing institutional interest in Stellar as an investment vehicle, aligning with its recent market performance. <h2>Analyst Predicts Multi-Year Price Pattern May Propel XLM to $3-$5</h2> Cryptocurrency analysts have highlighted a multi-year price structure for Stellar, suggesting that it may be poised for further growth. A prominent market speculator, known as “Charting Guy,” recently shared a prediction that Stellar could achieve price targets between $3 and $5. <img decoding="async" class="aligncenter" src="https://pbs.twimg.com/media/Gc6kkagXkAAexc8?format=jpg&name=small" alt="Image" width="651" height="319" /> According to the analyst, <a href="https://coingape.com/price/stellar/">XLM price</a> has been forming a bullish “Adam and Eve” pattern on the monthly chart since 2017. This chart pattern is often associated with long-term upward momentum. Charting Guy emphasized patience, indicating that the current rally could lead to substantial gains for long-term holders. A potential breakout from this pattern could result in a 930% to 1,617% increase from current levels, further reinforcing optimism in Stellar’s market trajectory. The post <a href="https://coingape.com/stellar-price-skyrockets-over-80-xlm-rally-to-1-imminent/">Stellar Price Skyrockets Over 80%, XLM Rally to $1 Imminent?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/04/Stellar-XLM-Price-Prediction.jpg" width="460" height="230" /> </item> <item> <title>Gemini’s Cameron Winklevoss Demands Fresh Probe Into SBF, Here’s Why</title> <link>https://coingape.com/geminis-tyler-winklevoss-demands-fresh-probe-into-sbf-heres-why/</link> <dc:creator><![CDATA[Godfrey Benjamin]]></dc:creator> <pubDate>Sat, 23 Nov 2024 17:02:50 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Sam Bankman-Fried]]></category> <category><![CDATA[Tyler Winklevoss]]></category> <guid isPermaLink="false">https://coingape.com/?p=226529</guid> <description><![CDATA[Gemini co-founder and CEO Cameron Winklevoss is calling for a probe into the drop of a controversial charge involving FTX co-founder Sam Bankman-Fried (SBF). It has been 8 months since Judge Lewis Kaplan sentenced SBF to 25 years in jail. However, to Tyler, this has not resolved some major aspects of his fraudulent reign as <a class="mh-excerpt-more" href="https://coingape.com/geminis-tyler-winklevoss-demands-fresh-probe-into-sbf-heres-why/" title="Gemini’s Cameron Winklevoss Demands Fresh Probe Into SBF, Here’s Why"></a> The post <a href="https://coingape.com/geminis-tyler-winklevoss-demands-fresh-probe-into-sbf-heres-why/">Gemini’s Cameron Winklevoss Demands Fresh Probe Into SBF, Here’s Why</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="2000" height="1334" src="https://coingape.com/wp-content/uploads/2022/09/winklevoss.webp" class="attachment-full size-full wp-post-image" alt="Gemini's Tyler Winklevoss Demands Fresh Probe Into SBF, Here's Why" style="float:right; margin:0 0 10px 10px;" />Gemini co-founder and CEO Cameron Winklevoss is calling for a probe into the drop of a controversial charge involving FTX co-founder Sam Bankman-Fried (SBF). It has been 8 months since Judge Lewis Kaplan sentenced SBF to 25 years in jail. However, to Tyler, this has not resolved some major aspects of his fraudulent reign as FTX CEO. <h2>Cameron Winklevoss to Trump’s Attorney General</h2> Directing his X post to the community, the Gemini CEO asked the incoming Attorney General to investigate SBF’s $100 million campaign finance breaches. Notably, the Department of Justice (DoJ) dropped these charges mid-last year, moving the SBF saga away from politics. To Cameron Winklevoss, the public deserves to know why the charges were dropped. In addition, he said it is in the public interest to know why the funds went to fund Democrat elections. The post from the Gemini co-founder has generated a lot of reaction among crypto stakeholders. One X user Nguyễn Minh Quân (@theUxBlockChain), highlighted how dropping charges on high profile cases can erode trust in public offices. <blockquote class="twitter-tweet"> Public trust in the legal system takes a hit when high-profile cases involving political donations end with charges being dropped. People expect the justice system to fully investigate financial crimes, especially those that could have impacted political decisions or outcomes. — Nguyễn Minh Quân (@theUxBlockChain) <a rel='nofollow' href="https://twitter.com/theUxBlockChain/status/1860329590373384424?ref_src=twsrc%5Etfw" rel="nofollow">November 23, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> In a separate post, the Winklevoss twin hailed the nomination of Scott Bessent as Treasury Secretary. Bessent aligns with crypto values and according to the Gemini CEO, he explains the Democrat war on the industry better. In Scott Bessent referenced video, he claimed the Democrats are fighting the industry to cover up the bad act from one party – SBF. <h2>Contained Complications from SBF Role At FTX</h2> Cameron Winklevoss’ is one of the major firms impacted, indirectly, by the FTX implosion. Over, the exchange’s bankruptcy became imminent with over $8 billion of customer’s funds lost. In fairness attribution to the justice system, Caroline Ellison and Ryan Salame also got 2 and 7.5 years for helping to wreck the exchange. However, <a href="https://coingape.com/gary-wang-spared-prison-time-in-ftx-fraud-case/" target="_blank" rel="noopener">Gary Wang escaped prison</a>, enjoying rare leniency like Nishad Singh. With the exchange’s executives now sentenced, the firm has announced January as the timeline to begin the <a href="https://coingape.com/ftx-reorganization-plan-to-resume-in-january-2025/" target="_blank" rel="noopener">FTX reognization plan</a>. While the entire bankruptcy plan is almost over, the last phase, the reognization plan still require one more court order. The post <a href="https://coingape.com/geminis-tyler-winklevoss-demands-fresh-probe-into-sbf-heres-why/">Gemini’s Cameron Winklevoss Demands Fresh Probe Into SBF, Here’s Why</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2022/09/winklevoss.webp" width="460" height="230" /> </item> <item> <title>Here’s Why XRP Price Will Hit $20</title> <link>https://coingape.com/markets/heres-why-xrp-price-will-hit-20/</link> <dc:creator><![CDATA[Coingape Staff]]></dc:creator> <pubDate>Sat, 23 Nov 2024 16:55:06 +0000</pubDate> <category><![CDATA[Price Analysis]]></category> <category><![CDATA[Ripple (XRP)]]></category> <category><![CDATA[XRP]]></category> <category><![CDATA[XRP price]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=markets&p=226535</guid> <description><![CDATA[XRP price has remained within an upward trading range in recent weeks, reflecting strong bullish sentiment for the cryptocurrency. The recent price surge aligns with a broader market rally, signaling growing momentum in XRP’s favor. Analysts maintain a positive outlook, with some forecasting a potential breakout that could drive XRP to $20 levels. Why XRP <a class="mh-excerpt-more" href="https://coingape.com/markets/heres-why-xrp-price-will-hit-20/" title="Here’s Why XRP Price Will Hit $20"></a> The post <a href="https://coingape.com/markets/heres-why-xrp-price-will-hit-20/">Here’s Why XRP Price Will Hit $20</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Analysts-Elliot-Wave-Theory-Shows-XRP-Price-Can-Hit-18-Heres-When.webp" class="attachment-full size-full wp-post-image" alt="Here's Why XRP Price Will Hit $20" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Analysts-Elliot-Wave-Theory-Shows-XRP-Price-Can-Hit-18-Heres-When.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Analysts-Elliot-Wave-Theory-Shows-XRP-Price-Can-Hit-18-Heres-When-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Analysts-Elliot-Wave-Theory-Shows-XRP-Price-Can-Hit-18-Heres-When-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Analysts-Elliot-Wave-Theory-Shows-XRP-Price-Can-Hit-18-Heres-When-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Analysts-Elliot-Wave-Theory-Shows-XRP-Price-Can-Hit-18-Heres-When-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />XRP price has remained within an upward trading range in recent weeks, reflecting strong bullish sentiment for the cryptocurrency. The recent price surge aligns with a broader market rally, signaling growing momentum in XRP’s favor. Analysts maintain a positive outlook, with some forecasting a potential breakout that could drive XRP to $20 levels. <h2>Why XRP Price Will Trigger Exponential Rally to $20</h2> XRP price has successfully ended a downtrend that persisted since 2018, signaling potential explosive price movements ahead. Analysts highlight this breakthrough as a significant moment, with Fibonacci extension levels indicating ambitious price targets. Based on the analysis, the first target lies at the 161.8% Fibonacci extension level, marking $1.88. Following this, higher projections include the 261.8% level at $5.85 and the 361.8% extension at $18.22. This suggests a potential surge in XRP’s valuation as it enters uncharted territory. <figure id="attachment_226536" aria-describedby="caption-attachment-226536" style="width: 2560px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226536" src="https://coingape.com/wp-content/uploads/2024/11/Source-X-11-scaled.jpeg" alt="Here's Why XRP Price Will Hit $20" width="2560" height="1526" srcset="https://coingape.com/wp-content/uploads/2024/11/Source-X-11-scaled.jpeg 2560w, https://coingape.com/wp-content/uploads/2024/11/Source-X-11-300x179.jpeg 300w, https://coingape.com/wp-content/uploads/2024/11/Source-X-11-1224x729.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/11/Source-X-11-768x458.jpeg 768w, https://coingape.com/wp-content/uploads/2024/11/Source-X-11-1536x915.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/11/Source-X-11-2048x1220.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/11/Source-X-11-150x89.jpeg 150w" sizes="(max-width: 2560px) 100vw, 2560px" /><figcaption id="caption-attachment-226536" class="wp-caption-text">Source- <a rel='nofollow' href="https://x.com/DefendDark/status/1860065308867985919" rel="nofollow">X</a></figcaption></figure> <h2>3 Reasons Why Ripple Will Hit $20</h2> Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has announced plans to resign effective January 20, 2025, the day after President-elect Donald Trump’s inauguration. Gensler, who has served since April 2021, will leave the SEC entirely. Aggressive enforcement has defined his leadership, particularly in the cryptocurrency sector, drawing significant attention from industry stakeholders. Ripple’s potential to reach $20 has fueled excitement, especially with speculation about the next SEC Chair. Discussions on social media highlight Brian Brooks, former Binance CEO, and a Hedera Foundation board member, as a leading candidate to replace Gary Gensler. Notably, Brooks is a strong advocate for blockchain innovation, including XRP. His appointment could signal regulatory shifts favoring cryptocurrencies. This possibility has driven optimism in the Ripple community, linking regulatory clarity with XRP’s market performance. Ripple’s XRP has experienced a remarkable rally, surging 40% in the past week and 180% over the month. The cryptocurrency’s price climbed from $0.60 to over $1, signaling strong bullish momentum. This upward trend aligns with Bitcoin’s rise above $98,000, which has fueled optimism across the<a href="https://coingape.com/cryptocurrency-prices-today-nov-23-btc-at-98k-hbar-surges-25-and-xlm-rises-55/"> crypto market</a>. If the bullish pressure mounts, more pressure could propel <a href="https://coingape.com/best-altcoins/">top altcoin</a> to new heights, potentially reaching $20 in this cycle. Market sentiment remains optimistic as Ripple’s consistent growth positions it as a key player in the ongoing crypto surge. At the time of writing, the <a href="https://coingape.com/price/xrp/">price of XRP </a>is trading at $1.48, with a strong surge of 2% in the past 24-hours. XRP’s bullish momentum, regulatory optimism, and market alignment signal a potential surge to $20. With key resistance levels broken and favorable developments ahead, XRP is well-positioned for exponential growth, cementing its role in the evolving crypto landscape. The post <a href="https://coingape.com/markets/heres-why-xrp-price-will-hit-20/">Here’s Why XRP Price Will Hit $20</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Analysts-Elliot-Wave-Theory-Shows-XRP-Price-Can-Hit-18-Heres-When.webp" width="460" height="230" /> </item> <item> <title>Analyst Who Accurately Predicted Solana Price Rally Shares Next Target</title> <link>https://coingape.com/markets/analyst-who-accurately-predicted-solana-price-rally-shares-next-target/</link> <dc:creator><![CDATA[crispus]]></dc:creator> <pubDate>Sat, 23 Nov 2024 15:57:49 +0000</pubDate> <category><![CDATA[Price Analysis]]></category> <category><![CDATA[SOL price]]></category> <category><![CDATA[Solana Price]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=markets&p=226513</guid> <description><![CDATA[A popular cryptocurrency analyst who accurately predicted the ongoing Solana price surge has made another bold prediction as the coin rally gains steam. Solana Price Forecast As Pro Makes Bold Prediction In an X post, Crypto Bullet, an analyst with over 141,000 followers, predicted that the SOL price would jump to as high as $600 <a class="mh-excerpt-more" href="https://coingape.com/markets/analyst-who-accurately-predicted-solana-price-rally-shares-next-target/" title="Analyst Who Accurately Predicted Solana Price Rally Shares Next Target"></a> The post <a href="https://coingape.com/markets/analyst-who-accurately-predicted-solana-price-rally-shares-next-target/">Analyst Who Accurately Predicted Solana Price Rally Shares Next Target</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/5-Solana-Projects-to-Watch-in-2025.webp" class="attachment-full size-full wp-post-image" alt="Solana Price" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/5-Solana-Projects-to-Watch-in-2025.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/5-Solana-Projects-to-Watch-in-2025-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/5-Solana-Projects-to-Watch-in-2025-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/5-Solana-Projects-to-Watch-in-2025-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/5-Solana-Projects-to-Watch-in-2025-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />A popular cryptocurrency analyst who accurately predicted the ongoing Solana price surge has made another bold prediction as the coin rally gains steam. <h2>Solana Price Forecast As Pro Makes Bold Prediction</h2> In an X post, <a rel='nofollow' href="https://x.com/CryptoBullet1/status/1858098256741282194" target="_blank" rel="nofollow noopener">Crypto Bullet</a>, an analyst with over 141,000 followers, predicted that the SOL price would jump to as high as $600 in the near term. If accurate, such a move would imply a 135% increase from the current level. His forecast was notable since he accurately predicted the price action in April when the coin was consolidating. His main point is that the SOL coin has just completed a six-month consolidation, which could usher in a strong comeback in the coming months. <figure id="attachment_226514" aria-describedby="caption-attachment-226514" style="width: 2560px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226514" src="https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-scaled.jpeg" alt="Crypto Bullet Solana Forecast" width="2560" height="1532" srcset="https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-scaled.jpeg 2560w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-300x179.jpeg 300w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-1224x732.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-768x459.jpeg 768w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-1536x919.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-2048x1225.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Bullet-Solana-Forecast-150x90.jpeg 150w" sizes="(max-width: 2560px) 100vw, 2560px" /><figcaption id="caption-attachment-226514" class="wp-caption-text">Crypto Bullet Solana Forecast</figcaption></figure> While his <a href="https://coingape.com/price-predictions/solana-sol-price-prediction/">SOL price forecast</a> is bold, some analysts believe that the coin has more room to rally in the long term. As we wrote earlier this week, one analyst believes that the <a href="https://coingape.com/markets/will-solana-price-hit-5000-analyst-explains/" target="_blank" rel="noopener">SOL coin will soar to $5000</a>. Fundamentally, Solana is firing on all cylinders, helped by the ongoing boom in meme coins. All meme coins in the ecosystem have hit a market cap of over $20 billion, while DEX protocols have <a rel='nofollow' href="https://defillama.com/dexs/chains" target="_blank" rel="nofollow noopener">handled over $102 billion</a> in volume. That is higher than what Ethereum and Base have handled, combined. There are also odds that there will be a spot Solana ETF in 2025 when Gary Gensler’s tenure at the Securities and Exchange (SEC) ends and he is replaced by a crypto-friendly head. <h2>Weekly Chart Suggests More SOL Upside</h2> The weekly chart suggests that the Solana price has more upside to go. On the chart below, we see that the coin formed and completed the formation of a cup and handle pattern. This pattern is made up of a horizontal line connecting two swings and a rounded bottom. The swings in this case were at $205, its highest level in March this year and December 2021. Solana price then formed the handle section between March and November and made a strong breakout that pushed it to $260, which was its highest point in 2021. <figure id="attachment_226515" aria-describedby="caption-attachment-226515" style="width: 3574px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226515" src="https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1.png" alt="Solana Price Chart" width="3574" height="1982" srcset="https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1.png 3574w, https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1-300x166.png 300w, https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1-1224x679.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1-768x426.png 768w, https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1-1536x852.png 1536w, https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1-2048x1136.png 2048w, https://coingape.com/wp-content/uploads/2024/11/Solana-Price-1-150x83.png 150w" sizes="(max-width: 3574px) 100vw, 3574px" /><figcaption id="caption-attachment-226515" class="wp-caption-text">Solana Price Chart</figcaption></figure> By measuring the distance between the upper and lower side of the cup, we can estimate that the long-term Solana price forecast is $6,355. The caveat is that the C&H pattern can take many months or years to complete. Conversely, a drop below the support at $205 will invalidate the short-term bullish view for the coin. The post <a href="https://coingape.com/markets/analyst-who-accurately-predicted-solana-price-rally-shares-next-target/">Analyst Who Accurately Predicted Solana Price Rally Shares Next Target</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/5-Solana-Projects-to-Watch-in-2025.webp" width="460" height="230" /> </item> <item> <title>Crypto Trader Records $2.5M Profit With This Token, Here’s All</title> <link>https://coingape.com/crypto-trader-records-2-5m-profit-with-this-token-heres-all/</link> <dc:creator><![CDATA[Coingape Staff]]></dc:creator> <pubDate>Sat, 23 Nov 2024 14:27:00 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Altcoin News]]></category> <category><![CDATA[crypto trader]]></category> <category><![CDATA[Meme Coin]]></category> <category><![CDATA[Solana (SOL)]]></category> <category><![CDATA[Solana meme coin]]></category> <guid isPermaLink="false">https://coingape.com/?p=226518</guid> <description><![CDATA[A crypto trader made a $2.5M profit today by turning 13 SOL into 9,718 SOL through trading 76.46M FATHA tokens. The trader bought the tokens on Pump.fun, capitalizing on a rapid increase in FATHA’s market cap, which surged to over $60M. The trader sold the tokens at the peak, realizing a 750x return. Trader Makes <a class="mh-excerpt-more" href="https://coingape.com/crypto-trader-records-2-5m-profit-with-this-token-heres-all/" title="Crypto Trader Records $2.5M Profit With This Token, Here’s All"></a> The post <a href="https://coingape.com/crypto-trader-records-2-5m-profit-with-this-token-heres-all/">Crypto Trader Records $2.5M Profit With This Token, Here’s All</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Crypto-Trader-Records-2.5M-Profit-With-This-Token-Heres-All-1.webp" class="attachment-full size-full wp-post-image" alt="Crypto Trader Records $2.5M Profit With This Token, Here's All" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Crypto-Trader-Records-2.5M-Profit-With-This-Token-Heres-All-1.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Trader-Records-2.5M-Profit-With-This-Token-Heres-All-1-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Trader-Records-2.5M-Profit-With-This-Token-Heres-All-1-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Trader-Records-2.5M-Profit-With-This-Token-Heres-All-1-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Crypto-Trader-Records-2.5M-Profit-With-This-Token-Heres-All-1-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />A crypto trader made a $2.5M profit today by turning 13 SOL into 9,718 SOL through trading 76.46M FATHA tokens. The trader bought the tokens on Pump.fun, capitalizing on a rapid increase in FATHA’s market cap, which surged to over $60M. The trader sold the tokens at the peak, realizing a 750x return. <h2>Trader Makes $2.5M Profit Trading FATHA Token</h2> The crypto trader turned 13 SOL (around $3.3K) into 9,718.5 SOL, making a $2.5M profit by trading 76.46M Slopfather (FATHA) tokens. On November 23, the trader purchased the tokens on Pump.fun, and within 40 minutes, FATHA’s market cap surged to over $60M. After holding the tokens, the trader sold them at the highest point, securing a 750x return. The trader capitalized on the rapid market shift and seized the opportunity to make a significant profit. <a rel='nofollow' href="https://solscan.io/account/EjMyz8LevXkve98vS9R4GUzYa95bcMGZzyv2w7UUZ9Ye?token_address=EWWDzCwq4UYW3ERTXbdgd6X6sdkKHFMJqRz1ZiFcpump#transfers" target="_blank" rel="nofollow noopener">As per solscan</a>, 9,500 SOL was swapped for USDC and bridged to Ethereum, demonstrating how quickly substantial profits can be made in the volatile meme coin market. The trade reflects the growing influence of meme coins on the Solana blockchain. On-chain data indicates that the wallet involved in this trade may belong to BT (@cooksassistant), who has traded 60 tokens over the past three days. With a win rate of 42.37%, BT has generated $2.7M in total profit. <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> What a lucky trader!!! 6 hours ago, this trader sniped 76.46M <a href="https://twitter.com/search?q=%24FATHA&src=ctag&ref_src=twsrc%5Etfw">$FATHA</a> for just 2.93 <a href="https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw">$SOL</a> ($765). Currently, these <a href="https://twitter.com/search?q=%24FATHA&src=ctag&ref_src=twsrc%5Etfw">$FATHA</a> are worth $2.7M. The sniper has made x3483.<a href="https://t.co/MVgcAnWR1R">https://t.co/MVgcAnWR1R</a> <a href="https://t.co/seXfdgAq6r">pic.twitter.com/seXfdgAq6r</a> — Onchain Lens (@OnchainLens) <a href="https://twitter.com/OnchainLens/status/1860283693224591817?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> <h2>FATHA Token Surge and Solana’s Meme Coin Boom</h2> <a rel='nofollow' href="https://dexscreener.com/solana/ewmygpe8dwjsmwa2mwtf924t4nwp68wcg3tkcppjwnie" target="_blank" rel="nofollow noopener">Slopfather (FATHA) token</a> has surged to $0.03841, with a market cap of $38 million, allowing the crypto trader to book a massive profit. Its 24-hour trading volume is $156 million, reflecting a 4000% increase in the last 24 hours. This dramatic rise shows the growing demand for meme coins in the crypto market. Solana’s blockchain is becoming a top platform for meme coin launches. Projects like PNUT, WIF, GOAT, and BONK are leading the way. Additionally, <a href="https://coingape.com/arthur-hayes-shills-another-solana-meme-coin-price-rallies/" target="_blank" rel="noopener">Arthur Hayes’ endorsement of the Solana-based</a> FLOWER coin boosted interest, driving the growth of meme coins on Solana. The post <a href="https://coingape.com/crypto-trader-records-2-5m-profit-with-this-token-heres-all/">Crypto Trader Records $2.5M Profit With This Token, Here’s All</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Crypto-Trader-Records-2.5M-Profit-With-This-Token-Heres-All-1.webp" width="460" height="230" /> </item> <item> <title>Ethereum Price Today: ETH Needs to do This For $5,000</title> <link>https://coingape.com/ethereum-eth-price-today-23-november-2024/</link> <dc:creator><![CDATA[Akash Girimath]]></dc:creator> <pubDate>Sat, 23 Nov 2024 13:55:33 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[ETH price today]]></category> <category><![CDATA[Ethereum Price Analysis]]></category> <category><![CDATA[Ethereum price today]]></category> <guid isPermaLink="false">https://coingape.com/?p=226506</guid> <description><![CDATA[Ethereum (ETH) price trades today at as of . Ether prices hit a daily high of today after rising % on . Why is Ethereum Price Rising Today? After crashing 11% in the past three days, Ethereum price today is up % and trades at $3,042. As of November 16, there are promising signs that <a class="mh-excerpt-more" href="https://coingape.com/ethereum-eth-price-today-23-november-2024/" title="Ethereum Price Today: ETH Needs to do This For $5,000"></a> The post <a href="https://coingape.com/ethereum-eth-price-today-23-november-2024/">Ethereum Price Today: ETH Needs to do This For $5,000</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Ethereum-Gains-Momentum-With-Bullish-Breakout-ETH-Price-To-4000_-edited.webp" class="attachment-full size-full wp-post-image" alt="Ethereum Price Today: ETH Needs to do This For $5,000" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Ethereum-Gains-Momentum-With-Bullish-Breakout-ETH-Price-To-4000_-edited.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Ethereum-Gains-Momentum-With-Bullish-Breakout-ETH-Price-To-4000_-edited-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Ethereum-Gains-Momentum-With-Bullish-Breakout-ETH-Price-To-4000_-edited-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Ethereum-Gains-Momentum-With-Bullish-Breakout-ETH-Price-To-4000_-edited-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Ethereum-Gains-Momentum-With-Bullish-Breakout-ETH-Price-To-4000_-edited-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Ethereum (ETH) price trades today at No data found for ethereum on 12 hours ago as of No data found for ethereum on 12 hours ago. Ether prices hit a daily high of No data found for ethereum on 12 hours ago today after rising No data found for ethereum on 12 hours ago% on November 24. <h2>Why is Ethereum Price Rising Today?</h2> After crashing 11% in the past three days, Ethereum price today is up No data found for ethereum on 12 hours ago% and trades at $3,042. As of November 16, there are promising signs that the <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener">value of ETH</a> could continue heading higher and tag key resistance levels. <img decoding="async" class="size-full wp-image-226324" src="https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41.png" alt="Ethereum Price Today" width="2406" height="1244" srcset="https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41.png 2406w, https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41-300x155.png 300w, https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41-1224x633.png 1224w, https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41-768x397.png 768w, https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41-1536x794.png 1536w, https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41-2048x1059.png 2048w, https://coingape.com/wp-content/uploads/2024/11/ETHUSDT_2024-11-22_13-31-41-150x78.png 150w" sizes="(max-width: 2406px) 100vw, 2406px" /> Ethereum Price Today <h2>Ethereum Price Chart Today</h2> <div class="pricer mb-4"> <div></div> <div id="chart-container"></div> <img decoding="async" class="amp-img" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-15-at-5.48.00 PM.png" /> </div> *Ethereum price updated as of No data found for ethereum on 12 hours ago. Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024. <h2>Ethereum Price & Historical Data</h2> ETH’s year-to-date (YTD) performance continues to increase and currently sits at 33%. This recent slump in Bitcoin price has affected the YTD gains, which have dropped from 50% since November 11. As of November 24, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 317 days, would be up roughly $3,317. Ethereum’s market capitalization stands at No data found for ethereum on 12 hours ago. <h3>Ethereum: The Second-Largest Crypto By Market Cap</h3> <div class="markchart mb-3"> <div id="chart-container3"></div> <img decoding="async" class="amp-img" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-15-at-5.48.07 PM.png" /> </div> Ethereum ranks second in market capitalization, valued at No data found for ethereum on 12 hours ago, after Bitcoin’s $1.73 trillion. Together, BTC & ETH’s market capitalization constitutes 83% of the total crypto market cap. <div class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1"> <div class="x1yztbdb"><span class="x1lliihq x1plvlek xryxfnj x1n2onr6 x1ji0vk5 x18bv5gf x193iq5w xeuugli x1fj9vlw x13faqbe x1vvkbs x1s928wv xhkezso x1gmr53x x1cpjm7i x1fgarty x1943h6x xlh3980 xvmahel xt4736n x1havqas x1f0sm9e xrg5i2u xzsf02u x1yc453h xudqn12 x3x7a5m">Since its all-time high of $571 billion in November 2021, Ethereum’s value decreased by half in October, but has spiked recently due to Bitcoin’s new ATH. Still, Ethereum maintains a strong lead over other popular cryptocurrencies:</div> </div> <div class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1"> <ul> <li class="x1yztbdb">Solana (SOL): $98.8 billion</li> <li class="x1yztbdb">Ripple (XRP): $89.8 billion</li> <li>BNB (BNB): $91.0 billion</li> </ul> </div> Despite this recent downtick and recovery, the 24-hour trading volume of Ethereum is No data found for ethereum on 12 hours ago. <h3>Ethereum’s Crypto Trading Volume Remains High</h3> The 24-hour trading volume of Ethereum is No data found for ethereum on 12 hours ago. Binance is the largest contributor to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, and ByBit follow Binance. <h2>Ethereum Shifts From PoW to PoS</h2> The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his <a rel='nofollow' href="https://twitter.com/VitalikButerin/status/1834065929350840393" rel="nofollow">thoughts on X</a> (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW). <h3>Key Ethereum Upgrades in The Past Five Years</h3> Here are some key upgrades in the past five years that shaped Ethereum as the second-largest crypto by market capitalization. <div class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1"> 2024: </div> <ul> <li> <div class="x1e56ztr">Cancun-Deneb (“Dencun”): This upgrade aimed to improve Ethereum’s scalability, security, and usability, setting the stage for further enhancements.</div> </li> </ul> <div class="x1e56ztr">2023:</div> <ul> <li> <div class="x1e56ztr">Shanghai-Capella (“Shapella”): Enabled the withdrawal of staked Ether (ETH), marking a significant milestone in Ethereum’s transition to a Proof-of-Stake (PoS) consensus algorithm.</div> </li> </ul> <div class="x1e56ztr">2022:</div> <ul> <li> <div class="x1e56ztr">Paris (The Merge): Successfully transitioned Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus algorithm, reducing energy consumption and increasing security.</div> </li> </ul> <ul> <li> <div class="x1e56ztr">Bellatrix: Prepared the Ethereum network for The Merge by introducing the necessary PoS consensus logic.</div> </li> </ul> <ul> <li> <div class="x1e56ztr">Gray Glacier: Delayed the “difficulty bomb” that would have slowed down the network, ensuring a smooth transition to PoS.</div> </li> </ul> <div class="x1e56ztr">2021:</div> <ul> <li> <div class="x1e56ztr">Arrow Glacier: Delayed the “difficulty bomb” again, providing more time for the transition to PoS.</div> </li> </ul> <ul> <li> <div class="x1e56ztr">Altair: Introduced several improvements to the Beacon Chain, including better validator incentives and enhanced security.</div> </li> </ul> <ul> <li> <div class="x1e56ztr">London: Implemented the highly anticipated EIP-1559, which reformed the transaction fee market, making it more efficient and user-friendly.</div> </li> </ul> <ul> <li> <div class="x1e56ztr">Berlin: Introduced several protocol upgrades, including improved gas efficiency and enhanced security features.</div> </li> </ul> <div class="x1e56ztr">2020:</div> <ul> <li> <div class="x1e56ztr">Beacon Chain genesis: Launched the Beacon Chain, marking the beginning of Ethereum’s transition to PoS.</div> </li> </ul> <ul> <li> <div class="x1e56ztr">Staking deposit contract deployed: Enabled users to deposit ETH and participate in the PoS consensus algorithm.</div> </li> </ul> <div class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1"> <ul> <li> Muir Glacier: Delayed the “difficulty bomb” to ensure a smooth transition to PoS. </li> </ul> </div> <h3>ETH Gas & Its Effect on Ethereum Price</h3> The blockchain upgrades Ethereum receives aim to solve the trilemma of blockchain, i.e., balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Ethereum’s transaction fees (gas fees) plummeted post-upgrade, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions. As of November 24, the gas fee for a transaction on the ETH network as of No data found for ethereum on 12 hours ago is 15.84 Gwei. When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs. The post <a href="https://coingape.com/ethereum-eth-price-today-23-november-2024/">Ethereum Price Today: ETH Needs to do This For $5,000</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Ethereum-Gains-Momentum-With-Bullish-Breakout-ETH-Price-To-4000_-edited.webp" width="460" height="230" /> </item> <item> <title>How Will Gary Gensler’s Resignation Affect the Crypto Market?</title> <link>https://coingape.com/trending/how-will-gary-genslers-resignation-affect-the-crypto-market/</link> <dc:creator><![CDATA[Pooja Khardia]]></dc:creator> <pubDate>Sat, 23 Nov 2024 13:41:46 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[crypto market rally]]></category> <category><![CDATA[Gary Gensler resignation]]></category> <category><![CDATA[US SEC Chair]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=trending&p=226516</guid> <description><![CDATA[With Donald Trump elected as the 47th US president, Gary Gensler’s resignation was the much-awaited moment for thousands of crypto investors. At the time of reporting, Bitcoin is getting closer to $100k, pushing the crypto market into the bull run, but the highlight of the day is still Gary’s resignation. The current SEC Chair is <a class="mh-excerpt-more" href="https://coingape.com/trending/how-will-gary-genslers-resignation-affect-the-crypto-market/" title="How Will Gary Gensler’s Resignation Affect the Crypto Market?"></a> The post <a href="https://coingape.com/trending/how-will-gary-genslers-resignation-affect-the-crypto-market/">How Will Gary Gensler’s Resignation Affect the Crypto Market?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/How-Will-Gary-Genslers-Resignation-Affect-the-Crypto-Market_.webp" class="attachment-full size-full wp-post-image" alt="How Will Gary Gensler’s Resignation Affect the Crypto Market?" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/How-Will-Gary-Genslers-Resignation-Affect-the-Crypto-Market_.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/How-Will-Gary-Genslers-Resignation-Affect-the-Crypto-Market_-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/How-Will-Gary-Genslers-Resignation-Affect-the-Crypto-Market_-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/How-Will-Gary-Genslers-Resignation-Affect-the-Crypto-Market_-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/How-Will-Gary-Genslers-Resignation-Affect-the-Crypto-Market_-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />With Donald Trump elected as the 47th US president, Gary Gensler’s resignation was the much-awaited moment for thousands of crypto investors. At the time of reporting, Bitcoin is getting closer to $100k, pushing the crypto market into the bull run, but the highlight of the day is still Gary’s resignation. The current SEC Chair is the most hated personality among investors due to his constant severe actions against the crypto industry and putting legal objections on various crypto service providers, which has kept most in fear and panic. It includes the lawsuit against Binance US, Kraken, Coinbase, and many others under the pretext of being unregistered securities and clearinghouses. Many feared for the future of the crypto industry, but with this resignation, a new excitement is visible in the crypto market. More importantly, he is also stepping down from the commissioner post. As a result, he cannot defend his regulatory policies anymore. <h2>Crypto Enthusiasts Reacts to Gary Gensler’s Resignation</h2> It has been three days since <a href="https://coingape.com/breaking-gary-gensler-to-step-down-as-us-sec-chair-in-january-2025/" target="_blank" rel="noopener">Gary’s resignation</a> news came out. In these three days, the market has gained a new bullish trajectory. With the excitement of witnessing a better crypto-friendly SEC chair, investors are flocking to the crypto market, pushing many cryptos to approach ATH. The users witnessed the global market cap hitting a new ATH of $3.35 trillion. Additionally, the user’s sentiments entered an extreme greed zone. Many investors and crypto industry leaders flocked to X to post memes and personal notes, representing their happiness with this Gary news. <blockquote> A Tribute To Gary Gensler: Fuck You & Everything You Stand For <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f595.png" alt="🖕" class="wp-smiley" style="height: 1em; max-height: 1em;" /> Sincerely, The Entire XRP Army <a rel='nofollow' href="https://t.co/Yvmf5ITJg1" rel="nofollow">pic.twitter.com/Yvmf5ITJg1</a> — The Bearable Bull (@thebearablebull) <a rel='nofollow' href="https://twitter.com/thebearablebull/status/1859777456930160645?ref_src=twsrc%5Etfw" rel="nofollow">November 22, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> Out of all this, Gary Gensler’s resignation has most positively affected the XRP holders. It is because of the SEC Vs. XRP lawsuit that has been running for years and seriously affected the Ripple token’s performance. Now, with this Gary Gensler resignation news, the XRP price pumped as high as $1.16 earlier in the day after a 49% rally over the week. Even the Ripple CEO, Brad Garlinghouse, tweets, “This Thanksgiving I’m thankful for” to show the excitement for the upcoming future. <blockquote> This Thanksgiving, I’m thankful for… <a rel='nofollow' href="https://t.co/FHDPaRnRkU" rel="nofollow">https://t.co/FHDPaRnRkU</a> — Brad Garlinghouse (@bgarlinghouse) <a rel='nofollow' href="https://twitter.com/bgarlinghouse/status/1859659691883983275?ref_src=twsrc%5Etfw" rel="nofollow">November 21, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> Its impact is also visible on many tokens like Dogecoin and Cardano, as they have witnessed two-digit gains and are welcoming more. <h3>How Will Gary Gensler’s Resignation Affect the Crypto Market?</h3> The SEC brought hundreds of enforcement actions against crypto service providers during the four years of Gary’s tenure. In this, they have brought 104 actions in 2023 alone, where the defensive litigation fees alone hit $429M. Tired of this, <a href="https://coingape.com/breaking-18-states-sue-us-sec-for-constitutional-overreach-in-crypto-regulation/" target="_blank" rel="noopener">18 States sued the US SEC for constitutional overreach</a> in crypto regulation. Now, experts believe that the industry will see a decrease in this count with the introduction of proper crypto rules and regulations. Ever since Trump won the US elections, the bulls have taken over the crypto market. With that, the next milestone was to witness Donald firing Gary and introduce a much more crypto-friendly SEC Chair, and that is finally going to happen. As a result, the market boomed, <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener">Bitcoin price</a> hit an ATH, XRP surged to a three-year high, and the industry is likely to witness one of the biggest booms per crypto experts. Owen Lau, Oppenheimer Executive Director, and Senior Analyst, has called Gary Gensler’s resignation as the dramatic regime shift from violations of security laws to crypto capital in the world. He believes that many positive things will happen, especially with Donald Trump appointing a more crypto-embracing SEC chair. Many crypto analysts also believe that the crypto market will witness a big boost with this. In this, Ali Martinez forecasts that the <a href="https://coingape.com/xrp-price-rally-to-2-as-paul-atkins-leads-to-replace-us-sec-chair-gary-gensler/" target="_blank" rel="noopener">XRP price will hit $2</a>. Even the ChatGPT prediction calls for $1.96 in the short term and much higher in the long term. <h2>Bottom Line</h2> Donald Trump’s win and Gary’s resignation have helped the crypto market establish the bull’s dominace. With that, almost every crypto has attained new peaks, marking the beginning of the biggest rallies of this year. However, a few analysts have called it the end of Gary Gensler-driven rallies. It is because, in the last three days, the market has boomed significantly. Now, the rally will depend on the next SEC Chair and how that person will implement rules and regulations for this industry. The post <a href="https://coingape.com/trending/how-will-gary-genslers-resignation-affect-the-crypto-market/">How Will Gary Gensler’s Resignation Affect the Crypto Market?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/How-Will-Gary-Genslers-Resignation-Affect-the-Crypto-Market_.webp" width="460" height="230" /> </item> <item> <title>SHIB Lead Shytoshi Kusama Hints At TREAT Token Launch</title> <link>https://coingape.com/shib-lead-shytoshi-kusama-hints-at-treat-token-launch/</link> <dc:creator><![CDATA[Coingape Staff]]></dc:creator> <pubDate>Sat, 23 Nov 2024 13:11:05 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Altcoin News]]></category> <category><![CDATA[shiba inu]]></category> <category><![CDATA[Shiba Inu(SHIB)]]></category> <category><![CDATA[Shytoshi Kusama]]></category> <guid isPermaLink="false">https://coingape.com/?p=226496</guid> <description><![CDATA[Shiba Inu lead Shytoshi Kusama has announced the launch of the TREAT token, a major addition to the SHIB ecosystem. Originally envisioned by SHIB’s creator, Ryoshi, Treat is designed to replace BONE as ShibSwap’s reward token and provide liquidity for SHIB, the ecosystem’s stablecoin. Beyond these functions, TREAT aims to enhance governance and trust within <a class="mh-excerpt-more" href="https://coingape.com/shib-lead-shytoshi-kusama-hints-at-treat-token-launch/" title="SHIB Lead Shytoshi Kusama Hints At TREAT Token Launch"></a> The post <a href="https://coingape.com/shib-lead-shytoshi-kusama-hints-at-treat-token-launch/">SHIB Lead Shytoshi Kusama Hints At TREAT Token Launch</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/SHIB-Lead-Shytoshi-Kusama-Hints-At-TREAT-Token-Launch-edited-1.webp" class="attachment-full size-full wp-post-image" alt="SHIB Lead Shytoshi Kusama Hints At TREAT Token Launch" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/SHIB-Lead-Shytoshi-Kusama-Hints-At-TREAT-Token-Launch-edited-1.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Lead-Shytoshi-Kusama-Hints-At-TREAT-Token-Launch-edited-1-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Lead-Shytoshi-Kusama-Hints-At-TREAT-Token-Launch-edited-1-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Lead-Shytoshi-Kusama-Hints-At-TREAT-Token-Launch-edited-1-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Lead-Shytoshi-Kusama-Hints-At-TREAT-Token-Launch-edited-1-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Shiba Inu lead Shytoshi Kusama has announced the launch of the TREAT token, a major addition to the SHIB ecosystem. Originally envisioned by SHIB’s creator, Ryoshi, Treat is designed to replace BONE as ShibSwap’s reward token and provide liquidity for SHIB, the ecosystem’s stablecoin. Beyond these functions, TREAT aims to enhance governance and trust within the Shiba Inu ecosystem. This development reflects the community’s commitment to advancing decentralized finance (DeFi) capabilities and strengthening SHIB’s position in the crypto space. <h2>TREAT Token to Strengthen Ecosystem with Kusama’s Vision</h2> Shytoshi Kusama, the developer driving the Shiba Inu ecosystem, hinted at the anticipated launch of the TREAT token, exciting the SHIB community. The announcement marked Treat as a transformative addition to the ecosystem, with Kusama emphasizing its role in advancing Shiba Inu’s mission to improve trust, governance, and utility in decentralized finance (DeFi), on November 23. In response to a recent reported incident where live streamer Jack Doherty scammed his followers with a fraudulent meme coin, Kusama highlighted the importance of accountability. He revealed that Shiba Inu’s ecosystem would incorporate “Karma and Reputation” systems, with TREAT powering these mechanisms. These systems aim to foster a trustworthy environment by rewarding positive contributions and discouraging scams, potentially solving trust issues in the crypto space. <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> Karma and Reputation built into the foundational elements of Shib's ecosystem and advanced features powered by Treat will solve this once and for all. <a href="https://t.co/j0xhHGMSxB">https://t.co/j0xhHGMSxB</a> — Shytoshi Kusama<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@ShytoshiKusama) <a href="https://twitter.com/ShytoshiKusama/status/1860252717597483358?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> While the token has yet to launch, the community eagerly awaits its arrival. Once live, Treat is expected to replace BONE as ShibSwap’s reward token. It will also provide liquidity for SHI and support governance within the Shiba Inu ecosystem. <h2>Shiba Inu Rallies Amid Soaring Market Optimism</h2> Analysts predict that <a href="https://coingape.com/markets/shiba-inu-price-likely-to-double-as-shib-bulls-follow-dogecoins-path/" target="_blank" rel="noopener">Shiba Inu (SHIB) could double in price</a>, following a growth pattern like Dogecoin. With increasing interest in meme coins, SHIB is gaining traction and could mirror Dogecoin’s success. Besides, it also comes as <a href="https://coingape.com/shib-burn-rate-rockets-4100-analysts-target-0-0005-on-bullish-patterns-formation/" target="_blank" rel="noopener">SHIB burn rate</a> noted a major spike today, sparking market optimism. Currently, <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener">SHIB price</a> trades at $0.0000273, up by 10% in the last 24 hours. The coin has surged 55% over the past week, showing strong market momentum. Its 24-hour low and high are $0.00002437 and $0.00002794, respectively. SHIB maintains a market cap of $16 billion, with a 24-hour trading volume of $3.36 billion, demonstrating robust investor confidence. The post <a href="https://coingape.com/shib-lead-shytoshi-kusama-hints-at-treat-token-launch/">SHIB Lead Shytoshi Kusama Hints At TREAT Token Launch</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/SHIB-Lead-Shytoshi-Kusama-Hints-At-TREAT-Token-Launch-edited-1.webp" width="460" height="230" /> </item> <item> <title>Top Crypto Performers of the Week</title> <link>https://coingape.com/trending/top-crypto-performers-of-the-week/</link> <dc:creator><![CDATA[Jane Lubale]]></dc:creator> <pubDate>Sat, 23 Nov 2024 13:07:55 +0000</pubDate> <category><![CDATA[Trending]]></category> <category><![CDATA[Hedera (HBAR)]]></category> <category><![CDATA[MANTRA (OM) price]]></category> <category><![CDATA[Rexas Finance]]></category> <category><![CDATA[Stellar Lumens (XLM)]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=trending&p=226497</guid> <description><![CDATA[This week saw a surge in positive momentum in the cryptocurrency market, as Bitcoin price reached a record-breaking $99,655.50 and altcoins such as Stellar (XLM), Mantra (OM), Hedera (HBAR), and Rexas Finance (RXS) showed outstanding performance. These top crypto performers demonstrated noteworthy profits, highlighting their growing attraction to investors. Let’s delve deeper into their outstanding <a class="mh-excerpt-more" href="https://coingape.com/trending/top-crypto-performers-of-the-week/" title="Top Crypto Performers of the Week"></a> The post <a href="https://coingape.com/trending/top-crypto-performers-of-the-week/">Top Crypto Performers of the Week</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="801" src="https://coingape.com/wp-content/uploads/2024/11/Top-Perfomers-Of-the-Week-1.webp" class="attachment-full size-full wp-post-image" alt="Top Crypto Performers of the Week" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Top-Perfomers-Of-the-Week-1.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Top-Perfomers-Of-the-Week-1-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Top-Perfomers-Of-the-Week-1-768x513.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Top-Perfomers-Of-the-Week-1-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Top-Perfomers-Of-the-Week-1-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />This week saw a surge in positive momentum in the cryptocurrency market, as <a href="https://coingape.com/price/bitcoin/">Bitcoin price</a> reached a record-breaking $99,655.50 and altcoins such as Stellar (XLM), Mantra (OM), Hedera (HBAR), and Rexas Finance (RXS) showed outstanding performance. These top crypto performers demonstrated noteworthy profits, highlighting their growing attraction to investors. Let’s delve deeper into their outstanding performances. <h2>Top Crypto Performers of the Week</h2> <h3>1. Stellar (XLM): Crypto Performer in International Payments</h3> Weekly Gain: 171.21% Stellar Lumens, one of the top <a href="https://coingape.com/best-crypto-to-buy/">cryptos to buy</a>, with its main emphasis on enabling international transactions, has shown significant growth this week. The price rose to $0.4382, showing an impressive 171.21% growth in the last week. This rapid increase demonstrates the increasing interest in blockchain-powered payment options, with Stellar forming more partnerships with financial institutions and worldwide organizations. Stellar’s market capitalization hitting $13.15 billion is proof of its broad acceptance and solid investor trust. XLM experienced increased market activity soaring 362% in its 24-hour trading volume to reach $6.83 billion. <img decoding="async" class="aligncenter size-full wp-image-226509" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153315.png" alt="Stellar (XLM) price performance chart" width="1891" height="992" srcset="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153315.png 1891w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153315-300x157.png 300w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153315-1224x642.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153315-768x403.png 768w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153315-1536x806.png 1536w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153315-150x79.png 150w" sizes="(max-width: 1891px) 100vw, 1891px" /> <h3>2. Mantra (OM): A Rising Star in Decentralized Finance</h3> Weekly Gain: 69.05% Mantra has firmly established itself in the decentralized finance (DeFi) sector with strong performance this week. The price increased to $3.81, showing a 69.05% rise over the last week. The increase is happening while Mantra’s staking, lending, and governance functions keep drawing in a dedicated group of users. Having a market value of $3.44 billion, Mantra has become a significant player in DeFi by concentrating on community-led projects and creative resources that give its users more control. With a trading volume of $193.48 million in a 24-hour period, there is clear market interest in it, and its consistent growth is evident with a 30-day gain of 176.75%. Mantra’s roadmap focusing on growing its network and improving its governance system, establishes it as a strong player in the ongoing competitive DeFi market. <h3>3. Rexas Finance (RXS): Revolutionizing Real-World Asset Tokenization</h3> Price: $0.08 (Presale) Though still in its presale phase, <a rel='nofollow' href="https://rexas.com/?utm_source=coingape&utm_medium=coingapeorganic&utm_campaign=coingape2810" target="_blank" rel="nofollow noopener">Rexas Finance</a> (RXS) has made a bold entrance into the crypto market, as one of the top <a href="https://coingape.com/top-early-stage-cryptocurrencies/">early-stage cryptocurrencies</a>. With a presale price of $0.08, the project has already raised over $9.8 million, signaling strong early investor confidence. Rexas Finance’s innovative approach to tokenizing real-world assets (RWAs) like real estate and commodities sets it apart in the crowded cryptocurrency space. Its ecosystem offers tools such as the Rexas Token Builder for creating asset-backed tokens, a Launchpad for fundraising, and a Rexas Estate platform for co-owning tokenized assets. <img decoding="async" class="aligncenter size-full wp-image-223116" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-01-112306.png" alt="Rexas Finance Tokenomics" width="1780" height="1544" srcset="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-01-112306.png 1780w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-01-112306-300x260.png 300w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-01-112306-1224x1062.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-01-112306-768x666.png 768w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-01-112306-1536x1332.png 1536w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-01-112306-150x130.png 150w" sizes="(max-width: 1780px) 100vw, 1780px" /> Analysts predict that RXS could surge to $24 within five months, as the project prepares for Tier 1 exchange listings. This forward-thinking integration of blockchain technology with tangible assets positions Rexas Finance as a trailblazer in the RWA sector. Backed by a Certik audit and a growing community, the <a href="https://coingape.com/rwa-tokens/">RWA token</a> is poised for long-term success, offering investors an innovative way to diversify their portfolios. <h3>4. Hedera (HBAR): Scaling New Heights with Enterprise Blockchain Solutions</h3> Weekly Gain: 66.65% Hedera Hashgraph appears on our list of top crypto performers of the week, with its enterprise-level blockchain offerings. This has pushed its price to rise to $0.1476—an impressive 66.65% increase in just one week. The rise in usage by businesses using Hedera’s quick, safe, and scalable platform for dApps is driving this performance. Hedera’s market value has increased to $5.64 billion, indicating strong interest from investors. The $2.06 billion trading volume for HBAR reflects continuous demand for the cryptocurrency. In the last three months, Hedera has increased by 158.70%, demonstrating its capacity for sustained growth. As Hedera is adopted by more businesses, its value proposition remains appealing to both developers and enterprises. <img decoding="async" class="aligncenter size-full wp-image-226510" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153616.png" alt="Hedera (HBAR) price performance chart" width="1945" height="1029" srcset="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153616.png 1945w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153616-300x159.png 300w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153616-1224x648.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153616-768x406.png 768w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153616-1536x813.png 1536w, https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-153616-150x79.png 150w" sizes="(max-width: 1945px) 100vw, 1945px" /> The best crypto performers this week showcase the various opportunities available in the cryptocurrency market. Stellar’s leadership in payments, Mantra’s strong presence in DeFi, Hedera’s attractiveness to enterprises, and Rexas Finance’s emphasis on RWAs highlight the sector’s rapid expansion. With Bitcoin approaching the $100,000 milestone, these alternative coins demonstrate the opportunity for significant gains during this bullish market.   The post <a href="https://coingape.com/trending/top-crypto-performers-of-the-week/">Top Crypto Performers of the Week</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Top-Perfomers-Of-the-Week-1.webp" width="460" height="230" /> </item> <item> <title>Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?</title> <link>https://coingape.com/markets/will-chainlink-price-reach-ath-if-it-mirrors-its-2021-rally/</link> <dc:creator><![CDATA[Coingape Staff]]></dc:creator> <pubDate>Sat, 23 Nov 2024 12:31:52 +0000</pubDate> <category><![CDATA[Price Analysis]]></category> <category><![CDATA[Chainlink (LINK)]]></category> <category><![CDATA[Chainlink price analysis]]></category> <category><![CDATA[LINK]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=markets&p=226504</guid> <description><![CDATA[Chainlink price is experiencing a surge in bullish momentum, supported by the formation of an ascending triangle pattern. This technical structure signals potential price gains as LINK breaks through key resistance levels. Market analysts remain optimistic, with projections suggesting further upward movement for the token in the coming weeks. This renewed confidence in LINK’s trajectory <a class="mh-excerpt-more" href="https://coingape.com/markets/will-chainlink-price-reach-ath-if-it-mirrors-its-2021-rally/" title="Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?"></a> The post <a href="https://coingape.com/markets/will-chainlink-price-reach-ath-if-it-mirrors-its-2021-rally/">Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Chainlink-Price-Analysis_-Can-LINK-Soar-to-40-As-Historic-Pattern-Repeats_.webp" class="attachment-full size-full wp-post-image" alt="Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Chainlink-Price-Analysis_-Can-LINK-Soar-to-40-As-Historic-Pattern-Repeats_.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Chainlink-Price-Analysis_-Can-LINK-Soar-to-40-As-Historic-Pattern-Repeats_-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Chainlink-Price-Analysis_-Can-LINK-Soar-to-40-As-Historic-Pattern-Repeats_-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Chainlink-Price-Analysis_-Can-LINK-Soar-to-40-As-Historic-Pattern-Repeats_-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Chainlink-Price-Analysis_-Can-LINK-Soar-to-40-As-Historic-Pattern-Repeats_-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Chainlink price is experiencing a surge in bullish momentum, supported by the formation of an ascending triangle pattern. This technical structure signals potential price gains as LINK breaks through key resistance levels. Market analysts remain optimistic, with projections suggesting further upward movement for the token in the coming weeks. This renewed confidence in LINK’s trajectory raises questions about whether it could replicate its 2021 rally and approach a new all-time high. <h2>Can Chainlink Price Repeat 2021 Rally to Hit New All-Time High?</h2> November has seen significant gains across the <a href="https://coingape.com/cryptocurrency-prices-today-nov-23-btc-at-98k-hbar-surges-25-and-xlm-rises-55/">crypto market</a>, with Chainlink price surging over 50% in line with broader bullish trends. Bitcoin (BTC) maintains momentum above $98,000, reinforcing optimism among investors. As of today, the <a href="https://coingape.com/price/chainlink/">LINK price</a> is at $16.94, reflecting an 11% increase in the last 24 hours. The current price positions LINK well below its all-time high of $52.88, recorded on May 10, 2021, representing a 67.97% decline from that peak. <a href="https://coingape.com/price-predictions/chainlink-link-price-prediction/">Chainlink price prediction</a> is encountering stiff resistance at $17.12, a critical level for signaling further upward movement. If LINK breaks through this barrier, the next target could be $30. Sustained bullish momentum may propel the price toward its all-time high of $52, driven by a strong market rally. <figure id="attachment_226508" aria-describedby="caption-attachment-226508" style="width: 1154px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226508" src="https://coingape.com/wp-content/uploads/2024/11/LINKUSDT_2024-11-23_15-15-25.png" alt="Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/11/LINKUSDT_2024-11-23_15-15-25.png 1154w, https://coingape.com/wp-content/uploads/2024/11/LINKUSDT_2024-11-23_15-15-25-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/11/LINKUSDT_2024-11-23_15-15-25-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/11/LINKUSDT_2024-11-23_15-15-25-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px" /><figcaption id="caption-attachment-226508" class="wp-caption-text">Chainlink Price Source: <a rel='nofollow' href="https://www.tradingview.com/x/eGLanM3Y/" rel="nofollow">TradingView</a></figcaption></figure> <h2>Chainlink Eyes Breakout from Multi-Year Resistance</h2> Crypto analyst shared an X post emphasizing that Chainlink is showing signs of breaking through its long-standing multi-year resistance. According to the weekly chart shared, the cryptocurrency may be entering a bullish expansion phase, marked by a confirmed breakout in the Relative Strength Index (RSI). A recent momentum suggests that LINK is attempting to breach this significant barrier, signaling a potential trend reversal. <figure id="attachment_226505" aria-describedby="caption-attachment-226505" style="width: 2374px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226505" src="https://coingape.com/wp-content/uploads/2024/11/Source-Xx.jpeg" alt="Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?" width="2374" height="1614" srcset="https://coingape.com/wp-content/uploads/2024/11/Source-Xx.jpeg 2374w, https://coingape.com/wp-content/uploads/2024/11/Source-Xx-300x204.jpeg 300w, https://coingape.com/wp-content/uploads/2024/11/Source-Xx-1224x832.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/11/Source-Xx-768x522.jpeg 768w, https://coingape.com/wp-content/uploads/2024/11/Source-Xx-1536x1044.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/11/Source-Xx-2048x1392.jpeg 2048w, https://coingape.com/wp-content/uploads/2024/11/Source-Xx-150x102.jpeg 150w" sizes="(max-width: 2374px) 100vw, 2374px" /><figcaption id="caption-attachment-226505" class="wp-caption-text">Source: <a rel='nofollow' href="https://x.com/KevinSvenson_/status/1860095002405405100" rel="nofollow">X</a></figcaption></figure> According to Coinglass, the LINK price has seen a notable surge, coinciding with increased activity in derivatives trading. Trading volume for Chainlink derivatives climbed significantly, reflecting heightened investor interest and market activity. Open interest also recorded an increase, signaling growing confidence among traders. <figure id="attachment_226507" aria-describedby="caption-attachment-226507" style="width: 1359px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226507" src="https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-9.png" alt="Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?" width="1359" height="315" srcset="https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-9.png 1359w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-9-300x70.png 300w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-9-1224x284.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-9-768x178.png 768w, https://coingape.com/wp-content/uploads/2024/11/Source-Coinglass-9-150x35.png 150w" sizes="(max-width: 1359px) 100vw, 1359px" /><figcaption id="caption-attachment-226507" class="wp-caption-text">Source- <a rel='nofollow' href="https://www.coinglass.com/currencies/LINK" rel="nofollow">Coinglass</a></figcaption></figure> Chainlink’s bullish momentum and technical signals suggest the potential for significant price gains. If LINK breaks key resistance levels, it could mirror its 2021 rally. However, sustained market confidence and favorable conditions are essential for reaching a new all-time high.   The post <a href="https://coingape.com/markets/will-chainlink-price-reach-ath-if-it-mirrors-its-2021-rally/">Will Chainlink Price Reach ATH If It Mirrors Its 2021 Rally?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Chainlink-Price-Analysis_-Can-LINK-Soar-to-40-As-Historic-Pattern-Repeats_.webp" width="460" height="230" /> </item> <item> <title>PEPE Price: Is Elon Musk Secretly Shilling Pepe Coin After Dogecoin?</title> <link>https://coingape.com/markets/pepe-price-is-elon-musk-secretly-pepe-coin-after-dogecoin/</link> <dc:creator><![CDATA[crispus]]></dc:creator> <pubDate>Sat, 23 Nov 2024 12:19:10 +0000</pubDate> <category><![CDATA[Price Analysis]]></category> <category><![CDATA[Pepe Coin]]></category> <category><![CDATA[Pepe Coin Price]]></category> <category><![CDATA[Pepe Price]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=markets&p=226491</guid> <description><![CDATA[Pepe price rallied and moved above a key resistance level as some analysts predicted that Elon Musk was secretly shilling on the coin. Will PEPE Price Rally After Elon Musk’s Alleged Shill? Some crypto analysts have predicted that Elon Musk, the world’s richest person, was secretly shilling on the coin. In an X post, Chandler <a class="mh-excerpt-more" href="https://coingape.com/markets/pepe-price-is-elon-musk-secretly-pepe-coin-after-dogecoin/" title="PEPE Price: Is Elon Musk Secretly Shilling Pepe Coin After Dogecoin?"></a> The post <a href="https://coingape.com/markets/pepe-price-is-elon-musk-secretly-pepe-coin-after-dogecoin/">PEPE Price: Is Elon Musk Secretly Shilling Pepe Coin After Dogecoin?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Will-Pepe-Coin-Price-Surge-3X-This-Week-As-Volume-Breaks-8-Month-High.webp" class="attachment-full size-full wp-post-image" alt="Pepe Coin" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Will-Pepe-Coin-Price-Surge-3X-This-Week-As-Volume-Breaks-8-Month-High.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Will-Pepe-Coin-Price-Surge-3X-This-Week-As-Volume-Breaks-8-Month-High-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Will-Pepe-Coin-Price-Surge-3X-This-Week-As-Volume-Breaks-8-Month-High-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Will-Pepe-Coin-Price-Surge-3X-This-Week-As-Volume-Breaks-8-Month-High-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Will-Pepe-Coin-Price-Surge-3X-This-Week-As-Volume-Breaks-8-Month-High-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Pepe price rallied and moved above a key resistance level as some analysts predicted that Elon Musk was secretly shilling on the coin. <h2>Will PEPE Price Rally After Elon Musk’s Alleged Shill?</h2> Some crypto analysts have predicted that Elon Musk, the world’s richest person, was secretly shilling on the coin. In an X post, <a rel='nofollow' href="https://x.com/chandlerbingpl/status/1859603996287041986" target="_blank" rel="nofollow noopener">Chandler Bing</a>, noted that Musk’s social media activity was supportive of the coin. In another post, he said that Musk’s behavior mirrored what he did for Dogecoin in 2020 when he<a rel='nofollow' href="https://x.com/chandlerbingpl/status/1859993372485902659" target="_blank" rel="nofollow noopener"> started liking</a> and retweeting memes. He then went public on his support for DOGE in 2021, sending it to a record high. This year, the coin has soared after he was appointed to <a href="https://coingape.com/will-elon-musk-doge-probe-us-sec-spending-on-ripple-clo-request/" target="_blank" rel="noopener">lead the Department of Government Efficiency</a> (DOGE). Still, Musk, who has a net worth of almost $350 billion, has not declared publicly that he supports the coin, making Bing’s X posts largely hypotheticals. Musk has publicly declared that he owns just Bitcoin and Dogecoin. However, the <a href="https://coingape.com/price/pepe-coin/" target="_blank" rel="noopener">value of Pepe</a> would likely go parabolic if he came out in support of it because of his influence and the fact that millions of people look up to him. Just recently, most Musk-themed coins like Dogelon Mars and the Department of Government Efficiency have all jumped. <h2>PEPE Technical Analysis: New ATH Next </h2> As our previous <a href="https://coingape.com/markets/3-reasons-why-pepe-price-will-rally-25-this-weekend/" target="_blank" rel="noopener">Pepe Coin price forecast</a> has shown, there are rising odds that the coin will stage a strong comeback and reach a record high. Most analysts agree that this view will happen in the coming days. In an X post, an analyst known as Jameson noted that Pepe had just moved above a key resistance level on the two-hour chart. He sees it soaring to an all-time high in the near term. <figure id="attachment_226492" aria-describedby="caption-attachment-226492" style="width: 1483px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226492" src="https://coingape.com/wp-content/uploads/2024/11/Pepe-Coin-Forecast.png" alt="Pepe Coin Forecast" width="1483" height="789" srcset="https://coingape.com/wp-content/uploads/2024/11/Pepe-Coin-Forecast.png 1483w, https://coingape.com/wp-content/uploads/2024/11/Pepe-Coin-Forecast-300x160.png 300w, https://coingape.com/wp-content/uploads/2024/11/Pepe-Coin-Forecast-1224x651.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Pepe-Coin-Forecast-768x409.png 768w, https://coingape.com/wp-content/uploads/2024/11/Pepe-Coin-Forecast-150x80.png 150w" sizes="(max-width: 1483px) 100vw, 1483px" /><figcaption id="caption-attachment-226492" class="wp-caption-text">Pepe Coin Forecast</figcaption></figure> Pepe has one of the best daily charts in crypto. As shown below, the coin recently jumped above the key resistance at $0.00001717, the upper side of the cup and handle pattern, a popular continuation sign. It has also remained much higher than the 50-day and 100-day moving averages. Most importantly, Pepe coin has formed a bullish pennant pattern shown in blue. This pattern happens when an asset forms a parabolic move followed by a symmetrical triangle pattern formation. <figure id="attachment_226494" aria-describedby="caption-attachment-226494" style="width: 3574px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226494" src="https://coingape.com/wp-content/uploads/2024/11/Pepe-price.png" alt="Pepe Price Chart" width="3574" height="1982" srcset="https://coingape.com/wp-content/uploads/2024/11/Pepe-price.png 3574w, https://coingape.com/wp-content/uploads/2024/11/Pepe-price-300x166.png 300w, https://coingape.com/wp-content/uploads/2024/11/Pepe-price-1224x679.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Pepe-price-768x426.png 768w, https://coingape.com/wp-content/uploads/2024/11/Pepe-price-1536x852.png 1536w, https://coingape.com/wp-content/uploads/2024/11/Pepe-price-2048x1136.png 2048w, https://coingape.com/wp-content/uploads/2024/11/Pepe-price-150x83.png 150w" sizes="(max-width: 3574px) 100vw, 3574px" /><figcaption id="caption-attachment-226494" class="wp-caption-text">Pepe Price Chart</figcaption></figure> That triangle is now nearing its confluence level, meaning that the coin has more upside to go. If this happens, the first target will be the all-time high of $0.000025, which is 20% above the current level. The ultimate target for Pepe will be $0.000049, which we estimated by measuring the upper and lower side of the C&H pattern. On the flip side, a drop below the psychological point at $0.000015 will invalidate the bullish case. The post <a href="https://coingape.com/markets/pepe-price-is-elon-musk-secretly-pepe-coin-after-dogecoin/">PEPE Price: Is Elon Musk Secretly Shilling Pepe Coin After Dogecoin?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Will-Pepe-Coin-Price-Surge-3X-This-Week-As-Volume-Breaks-8-Month-High.webp" width="460" height="230" /> </item> <item> <title>SHIB Burn Rate Rockets 4100%, Analysts Target $0.0005 On Bullish Patterns Formation</title> <link>https://coingape.com/shib-burn-rate-rockets-4100-analysts-target-0-0005-on-bullish-patterns-formation/</link> <dc:creator><![CDATA[Rupam Roy]]></dc:creator> <pubDate>Sat, 23 Nov 2024 12:06:09 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[shib burn]]></category> <category><![CDATA[Shiba Inu (SHIB) PRICE]]></category> <category><![CDATA[shiba inu burn]]></category> <category><![CDATA[Shiba Inu(SHIB)]]></category> <guid isPermaLink="false">https://coingape.com/?p=226485</guid> <description><![CDATA[The recent surge in the SHIB burn rate has sparked optimism, as evidenced by the recent Shiba Inu price rally. Notably, the burn rate has rocketed more than 4,100% today, bolstering market sentiment amid the already bullish momentum noted in the broader crypto market. Besides, top analysts have also predicted a potential breakout ahead for <a class="mh-excerpt-more" href="https://coingape.com/shib-burn-rate-rockets-4100-analysts-target-0-0005-on-bullish-patterns-formation/" title="SHIB Burn Rate Rockets 4100%, Analysts Target $0.0005 On Bullish Patterns Formation"></a> The post <a href="https://coingape.com/shib-burn-rate-rockets-4100-analysts-target-0-0005-on-bullish-patterns-formation/">SHIB Burn Rate Rockets 4100%, Analysts Target $0.0005 On Bullish Patterns Formation</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-Rockets-4100-Amid-Meme-Coins-Rally-More-Gains-Ahead_.webp" class="attachment-full size-full wp-post-image" alt="SHIB burn rate Shiba Inu price SHIB rally" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-Rockets-4100-Amid-Meme-Coins-Rally-More-Gains-Ahead_.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-Rockets-4100-Amid-Meme-Coins-Rally-More-Gains-Ahead_-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-Rockets-4100-Amid-Meme-Coins-Rally-More-Gains-Ahead_-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-Rockets-4100-Amid-Meme-Coins-Rally-More-Gains-Ahead_-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-Rockets-4100-Amid-Meme-Coins-Rally-More-Gains-Ahead_-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />The recent surge in the SHIB burn rate has sparked optimism, as evidenced by the recent Shiba Inu price rally. Notably, the burn rate has rocketed more than 4,100% today, bolstering market sentiment amid the already bullish momentum noted in the broader crypto market. Besides, top analysts have also predicted a potential breakout ahead for SHIB price, hinting towards a rally to $0.0005. <h2>SHIB Burn Rate Rockets 4100% Sparking Market Optimism</h2> According to the latest data by <a rel='nofollow' href="https://www.shibburn.com/" target="_blank" rel="nofollow noopener">Shibburn</a>, the SHIB burn rate rocketed 4106.82% today, gaining significant attention from investors. The Shiba Inu burning tracker showed that more than 171.28 million SHIB tokens were burnt in the last 24 hours, indicating a strong rally ahead. <figure id="attachment_226493" aria-describedby="caption-attachment-226493" style="width: 750px" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-226493" src="https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-23-11-24.png" alt="SHIB Burn Rate Shiba Inu" width="750" height="659" srcset="https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-23-11-24.png 435w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-23-11-24-300x263.png 300w, https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-23-11-24-150x132.png 150w" sizes="(max-width: 750px) 100vw, 750px" /><figcaption id="caption-attachment-226493" class="wp-caption-text">Source: Shibburn</figcaption></figure> Notably, the highest burn was conducted by the wallet address “0xa65…55347”, alone burning 169.28 million tokens in the latest transaction. However, despite the surge in the 24-hour time frame, the weekly burn rate for Shiba Inu was over 68%, with around 195.05 million tokens destroyed. Meanwhile, with the latest <a href="https://coingape.com/shib-burn-rate-surges-2200-shiba-inu-eyes-parabolic-rally-ahead/" target="_blank" rel="noopener">Shiba Inu burn frenzy</a>, a total of 410.73 trillion tokens were burnt from the initial supply, and the current circulating supply stood at 589.21 trillion. Notably, the burning of the tokens indicates a potential rally ahead for the assets. For context, the token burns usually reduce the overall supply from the market, which in turn boosts the assets’ prices. Amid this, a flurry of experts has shared bullish forecasts for Shiba Inu, further fueling market sentiments. Besides, it also comes amid a robust rally in the crypto’s price, amid a rally in the <a href="https://coingape.com/meme-coin/" target="_blank" rel="noopener">top meme coins</a>, as well as in the broader crypto market. <h2>Shiba Inu Rally To $0.0005?</h2> <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener">SHIB price today</a> was up nearly 10% and exchanged hands at $0.00002733. The token’s one-day trading volume rocketed 127% to $3.34 billion, and the crypto touched a 24-hour high of $0.00002794. Besides, Shiba Inu Futures Open Interest rose 14% to $114.35 million, indicating growing market confidence towards the asset. Now, with the soaring SHIB burn rate, a recent <a href="https://coingape.com/markets/rare-shiba-inu-price-patterns-hint-shib-could-double-soon/" target="_blank" rel="noopener">Shiba Inu price analysis</a> highlights a pattern that indicates that the crypto could “double soon.” This indicates the soaring optimism of investors towards the digital assets space, especially the meme coins sector. In addition, recent on-chain data also indicates that top <a href="https://coingape.com/will-dogecoin-shiba-inu-continue-their-parabolic-run-ahead/" target="_blank" rel="noopener">meme coins like DOGE</a>, SHIB, PEPE, and others could continue to rally in the coming days. The analysis noted that the investors have not fully entered the crypto market, which indicates a further rally ahead. Meanwhile, adding to the positive sentiment, prominent crypto market analyst Ali Martinez has also shared a bullish forecast. In a recent X post, Martinez noted that SHIB mirrors a similar pattern as DOGE, which indicates that the crypto could soon hit $0.00049 in the coming days. <figure style="width: 752px" class="wp-caption aligncenter"><img decoding="async" src="https://pbs.twimg.com/media/Gc6WNTKW8AAa96P?format=jpg&name=large" alt="Shiba Inu price SHIB burn" width="752" height="514" /><figcaption class="wp-caption-text">Source: Ali Martinez, X</figcaption></figure> The post <a href="https://coingape.com/shib-burn-rate-rockets-4100-analysts-target-0-0005-on-bullish-patterns-formation/">SHIB Burn Rate Rockets 4100%, Analysts Target $0.0005 On Bullish Patterns Formation</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/SHIB-Burn-Rate-Rockets-4100-Amid-Meme-Coins-Rally-More-Gains-Ahead_.webp" width="460" height="230" /> </item> <item> <title>Bitcoin Price Today: Will BTC’s Parabolic Run Begin After $100K?</title> <link>https://coingape.com/bitcoin-btc-price-today-23-november-2024/</link> <dc:creator><![CDATA[Akash Girimath]]></dc:creator> <pubDate>Sat, 23 Nov 2024 11:31:59 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[bitcoin price]]></category> <category><![CDATA[Bitcoin Price Analysis]]></category> <category><![CDATA[bitcoin price today]]></category> <category><![CDATA[BTC price]]></category> <category><![CDATA[btc price today]]></category> <guid isPermaLink="false">https://coingape.com/?p=226452</guid> <description><![CDATA[Bitcoin (BTC) price today trades at as of . BTC price hit a daily high of today after rallying % on . Why Is Bitcoin Price Up Today? Bitcoin price today is up % and currently auctions around . With BTC sustaining above $90,000, investors have been eager to see it tag $100,000, a historic <a class="mh-excerpt-more" href="https://coingape.com/bitcoin-btc-price-today-23-november-2024/" title="Bitcoin Price Today: Will BTC’s Parabolic Run Begin After $100K?"></a> The post <a href="https://coingape.com/bitcoin-btc-price-today-23-november-2024/">Bitcoin Price Today: Will BTC’s Parabolic Run Begin After $100K?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Bitcoin-price-Bull2-1.webp" class="attachment-full size-full wp-post-image" alt="Bitcoin Price Today: Will BTC's Parabolic Run Begin After $100K?" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Bitcoin-price-Bull2-1.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Bitcoin-price-Bull2-1-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Bitcoin-price-Bull2-1-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Bitcoin-price-Bull2-1-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Bitcoin-price-Bull2-1-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Bitcoin (BTC) price today trades at No data found for bitcoin on 14 hours ago as of No data found for bitcoin on 14 hours ago. BTC price hit a daily high of No data found for bitcoin on 14 hours ago today after rallying No data found for bitcoin on 14 hours ago% on November 24. <h2>Why Is Bitcoin Price Up Today?</h2> Bitcoin price today is up No data found for bitcoin on 14 hours ago% and currently auctions around No data found for bitcoin on 14 hours ago. With BTC sustaining above $90,000, investors have been eager to see it tag $100,000, a historic six-digit level. While some altcoins are shooting up, most are waiting for BTC to cool off. <div id="chart-container"></div> <img decoding="async" class="amp-img" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-at-12.49.36 PM.png" /> *bitcoin price updated as of No data found for bitcoin on 14 hours ago. <a href="https://coingape.com/price/bitcoin/">Value of BTC</a> trades at No data found for bitcoin on 14 hours ago, bringing the year-to-date gain from 56% on October 20 to 108% as of November 18. Although many altcoins have shot up over triple digits, Bitcoin is catching up. Ethereum price’s YTD performance is lackluster, stands at 39%, and is well below BTC. Although Bitcoin is the largest cryptocurrency by market capitalization, Bitcoin’s popularity is due to its first-mover advantage and its being a secure, decentralized network. In addition, many narratives, like digital gold, inflation hedges, and uncorrelated assets, have kept BTC at the forefront of the crypto market since its inception in 2009. <h2>Bitcoin Price Eyes Bullish End to 2024</h2> Industry veterans’ speculation of a bull run post-US elections was right, and Bitcoin is likely to end November 2024 on a positive note. Many even expect a six-digit target for BTC by the end of November, and this is due to the <a rel='nofollow' href="https://www.coinglass.com/today" rel="nofollow">historical returns</a>. History shows that Bitcoin has always performed massively in the fourth quarter. <figure id="attachment_222064" aria-describedby="caption-attachment-222064" style="width: 1114px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-222064" src="https://coingape.com/wp-content/uploads/2024/10/Screenshot-2024-10-24-at-2.53.31 PM.png" alt="Historical Bitcoin Price Performance" width="1114" height="1232" srcset="https://coingape.com/wp-content/uploads/2024/10/Screenshot-2024-10-24-at-2.53.31 PM.png 1114w, https://coingape.com/wp-content/uploads/2024/10/Screenshot-2024-10-24-at-2.53.31 PM-271x300.png 271w, https://coingape.com/wp-content/uploads/2024/10/Screenshot-2024-10-24-at-2.53.31 PM-1107x1224.png 1107w, https://coingape.com/wp-content/uploads/2024/10/Screenshot-2024-10-24-at-2.53.31 PM-768x849.png 768w, https://coingape.com/wp-content/uploads/2024/10/Screenshot-2024-10-24-at-2.53.31 PM-150x166.png 150w" sizes="(max-width: 1114px) 100vw, 1114px" /><figcaption id="caption-attachment-222064" class="wp-caption-text">Historical Bitcoin Price Performance</figcaption></figure> With that said, if Bitcoin price hits a new ATH in November or December, Bitcoin’s market capitalization, which stands at No data found for bitcoin on 14 hours ago could push toward the $2 trillion mark. <h3>Bitcoin: The Largest Cryptocurrency</h3> <div class="markchart mb-3"> <div id="chart-container3"></div> <img decoding="async" class="amp-img" src="https://coingape.com/wp-content/uploads/2024/11/Screenshot-2024-11-23-at-12.49.44 PM.png" /> </div> While Bitcoin’s market cap hovers around No data found for bitcoin on 14 hours ago, with Ethereum, the duo controls nearly 65% of the total cryptocurrency market capitalization, which is $2.40 trillion. Despite the seven-month consolidation, Bitcoin’s $1.3 trillion market cap remains strong, anticipating it reaching $2 trillion in 2025. <h3>BTC’s 24-hour Trading Volume</h3> Being the top crypto has its benefits; more people tend to flock toward the asset. Likewise, BTC’s 24-hour trading volume stands at No data found for bitcoin on 14 hours ago. Binance, one of the largest cryptocurrency exchanges, contributes a major portion of this volume. Binance’s share of BTC’s 24-hour trading volume comprises spot and perpetuals trading. While spot volume hovers around 11%, perpetual volume is 41%. Exchanges like OKX, Bitget, etc, follow Binance. <h2>Bitcoin Blockchain Upgrades</h2> With a market cap of $1.3 trillion, it is necessary for the network to remain secure, decentralized, and scalable. This is possible by upgrading the Bitcoin network regularly. Here are some notable upgrades the Bitcoin network has received or planned to receive since its inception in 2009. <h3>Bitcoin Network Upgrades Since 2009</h3> Here are some key milestone upgrades to the Bitcoin network over the past decade. <div class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1"> <div class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1"></div> 2020-2024: <ul> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Taproot Upgrade (2021): Improved Bitcoin’s smart contract functionality, allowing for more complex transactions and enhanced privacy.Muir Glacier Upgrade (2020): Delayed the “ice age” that would have slowed down the network, ensuring the continued smooth operation of Bitcoin.</li> </ul> 2017-2019: <ul> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Segregated Witness (SegWit) Upgrade (2017): Increased the block size limit, allowing for more transactions to be processed on the network, and improved the overall scalability of Bitcoin.</li> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Schnorr/Tapscript Upgrade (proposed): Aims to further improve the efficiency and scalability of Bitcoin transactions, but has not yet been activated.</li> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">SegWit2x (canceled): A proposed upgrade that aimed to increase the block size limit, but was ultimately canceled due to lack of consensus.</li> </ul> 2015-2016: <ul> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Bitcoin Core 0.12.0 Upgrade (2016): Introduced several improvements, including better wallet management and enhanced security features.</li> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">BIP66 Upgrade (2015): Standardized the way Bitcoin transactions are verified, improving the overall security and reliability of the network.</li> </ul> 2013-2014: <ul> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Bitcoin Core 0.9.0 Upgrade (2014): Introduced a new wallet format and improved the overall performance of the Bitcoin client.</li> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">BIP0016 Upgrade (2013): Enabled the use of payment protocol, allowing for more efficient and secure transactions.</li> </ul> 2010-2012: <ul> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Pay-to-Script-Hash (P2SH) Upgrade (2012): Introduced a new type of transaction that allows for more complex payment scenarios, improving the overall flexibility of the Bitcoin network.</li> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Bitcoin Core 0.6.0 Upgrade (2011): Introduced several improvements, including better wallet management and enhanced security features.</li> </ul> 2009-2010: <ul> <li class="html-div xdj266r x11i5rnm xat24cr x1mh8g0r xexx8yu x4uap5 x18d9i69 xkhd6sd" tabindex="-1">Bitcoin Core 0.3.0 Upgrade (2009): One of the earliest upgrades to the Bitcoin network, introducing several key features and improvements.</li> </ul> </div> The post <a href="https://coingape.com/bitcoin-btc-price-today-23-november-2024/">Bitcoin Price Today: Will BTC’s Parabolic Run Begin After $100K?</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Bitcoin-price-Bull2-1.webp" width="460" height="230" /> </item> <item> <title>Shiba Inu Price Likely to Double As SHIB Bulls Follow Dogecoin’s Path</title> <link>https://coingape.com/markets/shiba-inu-price-likely-to-double-as-shib-bulls-follow-dogecoins-path/</link> <dc:creator><![CDATA[crispus]]></dc:creator> <pubDate>Sat, 23 Nov 2024 11:16:28 +0000</pubDate> <category><![CDATA[Price Analysis]]></category> <category><![CDATA[SHIB Price]]></category> <category><![CDATA[shiba inu]]></category> <guid isPermaLink="false">https://coingape.com/?post_type=markets&p=226486</guid> <description><![CDATA[Shiba Inu price continued rising on Saturday, as analysts anticipated big moves ahead, with some expecting it to double, mirroring that of Dogecoin. Analyst Expects Shiba Inu Price To Break Out SHIB price was trading at $0.00002735 on November 23, up by 152% from its lowest point in August this year. This rally has brought <a class="mh-excerpt-more" href="https://coingape.com/markets/shiba-inu-price-likely-to-double-as-shib-bulls-follow-dogecoins-path/" title="Shiba Inu Price Likely to Double As SHIB Bulls Follow Dogecoin’s Path"></a> The post <a href="https://coingape.com/markets/shiba-inu-price-likely-to-double-as-shib-bulls-follow-dogecoins-path/">Shiba Inu Price Likely to Double As SHIB Bulls Follow Dogecoin’s Path</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Will-Dogecoin-Shiba-Inu-Continue-Their-Parabolic-Run-Ahead_.webp" class="attachment-full size-full wp-post-image" alt="Shiba Inu" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Will-Dogecoin-Shiba-Inu-Continue-Their-Parabolic-Run-Ahead_.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Will-Dogecoin-Shiba-Inu-Continue-Their-Parabolic-Run-Ahead_-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Will-Dogecoin-Shiba-Inu-Continue-Their-Parabolic-Run-Ahead_-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Will-Dogecoin-Shiba-Inu-Continue-Their-Parabolic-Run-Ahead_-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Will-Dogecoin-Shiba-Inu-Continue-Their-Parabolic-Run-Ahead_-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Shiba Inu price continued rising on Saturday, as analysts anticipated big moves ahead, with some expecting it to double, mirroring that of Dogecoin. <h2>Analyst Expects Shiba Inu Price To Break Out</h2> SHIB price was trading at $0.00002735 on November 23, up by 152% from its lowest point in August this year. This rally has brought its market cap to over $16 billion, making it the second-biggest meme coin after Dogecoin. <a rel='nofollow' href="https://x.com/ali_charts/status/1859727741572026796" target="_blank" rel="nofollow noopener">One crypto analyst</a> believes that Shiba Inu price could stage a strong rally in the coming days since it is mirroring the performance of Dogecoin. <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener">Dogecoin price</a> has outperformed Shiba Inu as it has jumped by almost 500% from its lowest level in August. If SHIB replicates Dogecoin’s performance, he expects that it will rise to $0.000049, which is about 85% above the current level. <figure id="attachment_226488" aria-describedby="caption-attachment-226488" style="width: 1852px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226488" src="https://coingape.com/wp-content/uploads/2024/11/Dogecoin-Shiba-Inu.jpeg" alt="Dogecoin and Shiba Inu similarity" width="1852" height="1266" srcset="https://coingape.com/wp-content/uploads/2024/11/Dogecoin-Shiba-Inu.jpeg 1852w, https://coingape.com/wp-content/uploads/2024/11/Dogecoin-Shiba-Inu-300x205.jpeg 300w, https://coingape.com/wp-content/uploads/2024/11/Dogecoin-Shiba-Inu-1224x837.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/11/Dogecoin-Shiba-Inu-768x525.jpeg 768w, https://coingape.com/wp-content/uploads/2024/11/Dogecoin-Shiba-Inu-1536x1050.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/11/Dogecoin-Shiba-Inu-150x103.jpeg 150w" sizes="(max-width: 1852px) 100vw, 1852px" /><figcaption id="caption-attachment-226488" class="wp-caption-text">Dogecoin and Shiba Inu similarity</figcaption></figure> Other analysts are optimistic that Shiba Inu will bounce back in the coming days. In an X post, Fortune, an analyst with over 35,000 followers, identified the falling wedge pattern that the coin has formed on the daily chart and hinted that it will soon have a bullish breakout. Meanwhile, <a rel='nofollow' href="https://x.com/PerpTrading/status/1860151730572525773" target="_blank" rel="nofollow noopener">Perpetual Trading</a> noted that Shiba Inu price was “reloading and ready to go”, pointing to more gains in the near term. <h2>SHIB Price Has Supportive Technicals</h2> The daily chart points to more gains as the coin has formed a golden cross pattern with the 50-day and 200-day moving averages crossing each other in late October. It has remained constantly above the two moving averages. Shiba Inu has also formed a cup and handle chart pattern, a popular bullish continuation sign. This pattern is characterized by a rounded bottom and an upper part at $0.000030. The recent pullback between November 12 and 16 was part of the handle section. <figure id="attachment_226487" aria-describedby="caption-attachment-226487" style="width: 3574px" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-226487" src="https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2.png" alt="Shiba Inu price chart" width="3574" height="1982" srcset="https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2.png 3574w, https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2-300x166.png 300w, https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2-1224x679.png 1224w, https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2-768x426.png 768w, https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2-1536x852.png 1536w, https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2-2048x1136.png 2048w, https://coingape.com/wp-content/uploads/2024/11/Shiba-Inu-price-2-150x83.png 150w" sizes="(max-width: 3574px) 100vw, 3574px" /><figcaption id="caption-attachment-226487" class="wp-caption-text">Shiba Inu price chart</figcaption></figure> Therefore, by measuring the distance between the lower and upper sides of the C&H pattern, which is 168%, we can estimate that SHIB will peak at around $0.00007236. A conservative target would be a 100% jump from the current level. Further supporting the bullish breakout is the fact that the coin has jumped above the 50% Fibonacci Retracement level at $0.000026. Also, the Market Value to Relative Value (MVRV) indicator has pointed upwards. The bullish <a href="https://coingape.com/markets/rare-shiba-inu-price-patterns-hint-shib-could-double-soon/">SHIB price forecast</a> will become invalid if the coin drops below the lower side of the C&H pattern’s handle at $0.2280. The post <a href="https://coingape.com/markets/shiba-inu-price-likely-to-double-as-shib-bulls-follow-dogecoins-path/">Shiba Inu Price Likely to Double As SHIB Bulls Follow Dogecoin’s Path</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Will-Dogecoin-Shiba-Inu-Continue-Their-Parabolic-Run-Ahead_.webp" width="460" height="230" /> </item> <item> <title>Terra Luna Classic Community Discord On Proposal Amid LUNC Price Rally</title> <link>https://coingape.com/terra-luna-classic-community-discord-on-proposal-amid-lunc-price-rally/</link> <dc:creator><![CDATA[Varinder Singh]]></dc:creator> <pubDate>Sat, 23 Nov 2024 10:09:20 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Altcoin News]]></category> <category><![CDATA[Terra (LUNA)]]></category> <category><![CDATA[Terra Classic]]></category> <guid isPermaLink="false">https://coingape.com/?p=226463</guid> <description><![CDATA[Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments. LUNC price saw more than 5% upsurge amid recent developments. <a class="mh-excerpt-more" href="https://coingape.com/terra-luna-classic-community-discord-on-proposal-amid-lunc-price-rally/" title="Terra Luna Classic Community Discord On Proposal Amid LUNC Price Rally"></a> The post <a href="https://coingape.com/terra-luna-classic-community-discord-on-proposal-amid-lunc-price-rally/">Terra Luna Classic Community Discord On Proposal Amid LUNC Price Rally</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/06/Terra-Luna-Classic-Community-Votes-on-Major-Proposal.webp" class="attachment-full size-full wp-post-image" alt="Terra Luna Classic Community Discord On Proposal Amid LUNC Price Rally" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/06/Terra-Luna-Classic-Community-Votes-on-Major-Proposal.webp 1200w, https://coingape.com/wp-content/uploads/2024/06/Terra-Luna-Classic-Community-Votes-on-Major-Proposal-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/06/Terra-Luna-Classic-Community-Votes-on-Major-Proposal-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/06/Terra-Luna-Classic-Community-Votes-on-Major-Proposal-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/06/Terra-Luna-Classic-Community-Votes-on-Major-Proposal-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />Terra Luna Classic community dismissed a community pool spent proposal by Cosmos developer team BLV Labs for recent work on the blockchain. Some developers and community members highlighted that the developer group failed to follow governance rules as there were no testnet and mainnet deployments. LUNC price saw more than 5% upsurge amid recent developments. <h2>Terra Luna Classic Proposed Rejected By Community</h2> Community pool spend proposal 12146 by BLV Labs faced a roadblock as the developer group failed to execute the developments on the Terra Luna Classic mainnet. The proposal saw nearly 90% “No” votes, including Allnodes, Interstellar Lounge, Interstake One, and other validators. The developer seeks $5000 in LUNC. Validators responded that there was discussion, with no testnet deployment or mainnet deployment. The community requested the team to finish the work for payout. <img decoding="async" class="aligncenter wp-image-226481" src="https://coingape.com/wp-content/uploads/2024/11/screenshot-validator_info-2024_11_23-15_33_28.png" alt="Terra Classic validator" width="764" height="427" srcset="https://coingape.com/wp-content/uploads/2024/11/screenshot-validator_info-2024_11_23-15_33_28.png 942w, https://coingape.com/wp-content/uploads/2024/11/screenshot-validator_info-2024_11_23-15_33_28-300x168.png 300w, https://coingape.com/wp-content/uploads/2024/11/screenshot-validator_info-2024_11_23-15_33_28-768x429.png 768w, https://coingape.com/wp-content/uploads/2024/11/screenshot-validator_info-2024_11_23-15_33_28-150x84.png 150w" sizes="(max-width: 764px) 100vw, 764px" /> The developer worked on the use of Oracle module to update and calculate the minimum deposit required to create a proposal in the governance module. BLV suggested that the system will automatically increase the minimum margin to ensure the value of the proposal is maintained in the event of a sharp drop or spike in LUNC price. The team claimed the code pushed to GitHub and a pull request created on the Classic Terra repository. After that, we continued to work on all the bugs related to testing and integration. The team plans to EVM, SDK50 upgrade, or IBC improvement. Meanwhile, the Terra Classic community has approved a proposal to <a href="https://coingape.com/lunc-news-terra-classic-community-passes-crucial-coinmarketcap-proposal/" target="_blank" rel="noopener">transfer CoinMarketCap dashboard account</a> access to top validator Allnodes directly. <h2>LUNC and USTC Price Jumps</h2> <a href="https://coingape.com/price/terra-luna-classic/" target="_blank" rel="noopener">LUNC price</a> soared 5% in the last 24 hours and 15% in a week. The price currently trades at $0.000118, with a 24-hour low and high of $0.0001102 and $0.0001199, respectively. The $0.00012 is a key resistance level for LUNC, surpassing this level clears a rally to $0.0002. Moreover, Terra Luna Classic open interest jumped 8% in the last 24 hours, with buying on Binance and OKX. However, Bybit recorded a sell-off in 1000LUNC futures. Meanwhile, <a href="https://coingape.com/price/terraclassicusd/" target="_blank" rel="noopener">USTC price</a> climbed more than 5%, with the price now trading at $0.0245. However, the trading volume saw a 31% decline in the last 24 hours. The price overall moves in the range for his month. The post <a href="https://coingape.com/terra-luna-classic-community-discord-on-proposal-amid-lunc-price-rally/">Terra Luna Classic Community Discord On Proposal Amid LUNC Price Rally</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/06/Terra-Luna-Classic-Community-Votes-on-Major-Proposal.webp" width="460" height="230" /> </item> <item> <title>Arthur Hayes Shills Another Solana Meme Coin, Price Rallies</title> <link>https://coingape.com/arthur-hayes-shills-another-solana-meme-coin-price-rallies/</link> <dc:creator><![CDATA[Boluwatife Adeyemi]]></dc:creator> <pubDate>Sat, 23 Nov 2024 09:29:58 +0000</pubDate> <category><![CDATA[24/7 Cryptocurrency News]]></category> <category><![CDATA[Altcoin News]]></category> <category><![CDATA[Meme Coins]]></category> <category><![CDATA[Arthur Hayes]]></category> <category><![CDATA[Meme Coin]]></category> <category><![CDATA[solana]]></category> <guid isPermaLink="false">https://coingape.com/?p=226469</guid> <description><![CDATA[BitMEX co-founder and crypto millionaire Arthur Hayes has shilled another Solana meme coin to his followers. As expected, the coin’s price rallied following Hayes’ mention of the coin in an X post. Arthur Hayes Shills FLOWER Meme Coin In an X post, Arthur Hayes shared the Dextool profile of the FlowerAI (FLOWER) meme coin with <a class="mh-excerpt-more" href="https://coingape.com/arthur-hayes-shills-another-solana-meme-coin-price-rallies/" title="Arthur Hayes Shills Another Solana Meme Coin, Price Rallies"></a> The post <a href="https://coingape.com/arthur-hayes-shills-another-solana-meme-coin-price-rallies/">Arthur Hayes Shills Another Solana Meme Coin, Price Rallies</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></description> <content:encoded><![CDATA[<img decoding="async" width="1200" height="800" src="https://coingape.com/wp-content/uploads/2024/11/Arthur-Hayes-Shills-Another-Solana-Meme-Coin-Price-Rallies.webp" class="attachment-full size-full wp-post-image" alt="Arthur Hayes Shills Another Solana Meme Coin, Price Rallies" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/11/Arthur-Hayes-Shills-Another-Solana-Meme-Coin-Price-Rallies.webp 1200w, https://coingape.com/wp-content/uploads/2024/11/Arthur-Hayes-Shills-Another-Solana-Meme-Coin-Price-Rallies-300x200.webp 300w, https://coingape.com/wp-content/uploads/2024/11/Arthur-Hayes-Shills-Another-Solana-Meme-Coin-Price-Rallies-768x512.webp 768w, https://coingape.com/wp-content/uploads/2024/11/Arthur-Hayes-Shills-Another-Solana-Meme-Coin-Price-Rallies-150x100.webp 150w, https://coingape.com/wp-content/uploads/2024/11/Arthur-Hayes-Shills-Another-Solana-Meme-Coin-Price-Rallies-272x182.webp 272w" sizes="(max-width: 1200px) 100vw, 1200px" />BitMEX co-founder and crypto millionaire Arthur Hayes has shilled another Solana meme coin to his followers. As expected, the coin’s price rallied following Hayes’ mention of the coin in an X post. <h2>Arthur Hayes Shills FLOWER Meme Coin</h2> In an X post, Arthur Hayes shared the <a rel='nofollow' href="https://www.dextools.io/app/en/solana/pair-explorer/DgwxYGU4ucQCiw8o2HjxwDH3PE5nSQWafHCYwaPtRVyN?t=1732351438875" target="_blank" rel="nofollow noopener">Dextool profile</a> of the FlowerAI (FLOWER) meme coin with the caption “kek.” Given Hayes’ status in the crypto community, this post was enough to send the meme coin’s price soaring. When he made the post, FLOWER’s price was $0.02232, but the coin’s price has since spiked and is now above $0.03. The coin’s market cap was $22 million at the time but is now at $30 million following the price rally. Arthur Hayes’ post has drawn criticism. Some of his followers questioned why someone of his repute was shilling a low-cap coin. Meanwhile, some accused him of intentionally trying to pump and dump the coin on his followers. Besides shilling top <a href="https://coingape.com/top-solana-memecoins/" target="_blank" rel="noopener">SOL meme coins</a> like Dogwifhat (WIF) in the past, Hayes has also dabbled into low and mid-cap coins. There was a point where he mentioned that he bought the MOTHER and MOG tokens. He also bet Solana AI meme coin Goatseus Maximus (GOAT). Meanwhile, more recently, the Solana meme coin <a href="https://coingape.com/deep-worm-price-rockets-180-with-arthur-hayes-predicting-further-rally/" target="_blank" rel="noopener">Deep Worm Price</a> skyrocketed 180% after Hayes shilled it and asserted that the coin would reach a billion market cap. When he shilled the coin, WORM had a market cap of $55 million. However, following the pump, WORM’s market cap has since dropped to $41 million. <h2>Solana Meme Coin Ecosystem Presents A Huge Boost</h2> While Arthur Hayes continues to shill Solana meme coins, there is no doubt about the positive impact these coins have had on Solana and the SOL price. The <a href="https://coingape.com/price/solana/" target="_blank" rel="noopener">SOL price</a> recently hit a new all-time high (ATH) of $263, and this development is thanks to the increased demand for the coin among traders looking to invest in meme coins on the network. The Solana network has also continued to record massive trading volume thanks to its meme coin ecosystem. For context, Solana is currently leading all other chains, including Ethereum, in terms of decentralized exchange (DEX) volume. <a rel='nofollow' href="https://defillama.com/dexs/chains" target="_blank" rel="nofollow noopener">DeFiLlama data</a> shows that the network has recorded a DEX volume of $44 billion and $5 billion in the last seven days and 24 hours, respectively. Ethereum comes in a distant second with $17 billion and $2.9 billion recorded during these periods. With stakeholders in the crypto industry like Arthur Hayes shilling these Solana meme coins, the Solana network will unlikely continue to enjoy more trading volume as more investors also look to trade these coins. The post <a href="https://coingape.com/arthur-hayes-shills-another-solana-meme-coin-price-rallies/">Arthur Hayes Shills Another Solana Meme Coin, Price Rallies</a> appeared first on <a href="https://coingape.com">CoinGape</a>. ]]></content:encoded> <media:content medium="image" xmlns:media="http://search.yahoo.com/mrss/" url="https://coingape.com/wp-content/uploads/2024/11/Arthur-Hayes-Shills-Another-Solana-Meme-Coin-Price-Rallies.webp" width="460" height="230" /> </item> </channel> </rss>