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8 11, 2024

Why could ADA rally more than 40%?

By |2024-11-08T15:39:59+02:00November 8, 2024|Crypto News, News|0 Comments

  • Cardano extends gains on Friday, following a close above a descending trendline the previous day.
  • Technical indicators and on-chain data show bullish momentum, suggesting a rally ahead.
  • A daily candlestick close below $0.361 would invalidate the bullish thesis.

Cardano (ADA) extends its gains on Friday, trading 5% higher at the time of writing after rallying 12% and closing above its descending trendline on Thursday. The technical outlook and on-chain metrics support ADA’s rise, which shows that bullish momentum is gaining traction and suggests a continuation of the rally.

Cardano bulls eye for April high

Cardano price broke and closed above a descending trendline (drawn by connecting multiple highs since the end of April) on Thursday. At the time of writing on Friday, it continues to edge higher around $0.431.

If ADA maintains its upward momentum and closes above its daily resistance at $0.445, it could extend the rally by 45% from its current level to retest its April 9 high of $0.624, which roughly coincides with the 61.8% Fibonacci retracement level (drawn from March high of $0.810 to an August low of $0.277) at $0.606.

The Moving Average Convergence Divergence (MACD) indicator further supports Cardano’s rise, signaling a bullish crossover on Thursday’s daily chart. The MACD line (blue line) moved above the signal line (yellow line), giving a buy signal. However, the Relative Strength Index (RSI) stands at 70, entering overbought conditions. Traders should be cautious of adding new long positions because the chances of a price pullback increase.

ADA/USDT daily chart

Cardano’s on-chain data further supports the bullish thesis. Coinglass’s data shows that the futures’ Open Interest (OI) in Cardano at exchanges is increasing. Increasing OI represents new or additional money entering the market and new buying, which suggests a bullish trend. 

The graph below shows that ADA’s OI increased from $217.71 million on Wednesday to $329.01 million on Friday, the highest level since mid-April.

ADA Open Interest chart. Source: Coinglass

ADA Open Interest chart. Source: Coinglass

Santiment’s Age Consumed index aligns with the bullish outlook noted from the technical perspective. Spikes in this index suggest dormant tokens (tokens stored in wallets for a long time) are in motion and can be used to spot short-term local tops or bottoms.

For ADA, history shows that the spikes at the Age Consumed index were followed by a rally in Cardano’s price. The most recent uptick on Wednesday also forecasted that ADA was ready for an uptrend.

ADA Age Consumed index chart. Source: Santiment

ADA Age Consumed index chart. Source: Santiment

Despite the bullish thesis signaled by both on-chain data and technical analysis, the outlook will shift to bearish if Cardano’s daily candlestick closes below Thursday’s low of $0.361. This scenario could lead to a 12.40% crash to retest its daily support at $0.316.


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8 11, 2024

$XRP Price Prediction: Can it Soar Higher, or Will This Meme Coin Steal the Spotlight?

By |2024-11-08T13:39:14+02:00November 8, 2024|Crypto News, News|0 Comments

Amid the generally enthusiastic atmosphere in the wider cryptocurrency market upon the victory of the pro-crypto presidential candidate Donald Trump, $XRP is among the digital assets experiencing a particular boost.

With its longstanding reputation as a bank-friendly crypto asset and the favorable judgment in the court case between the United States Securities and Exchange Commission (SEC) and Ripple in 2023, $XRP has garnered attention for its steady resilience.

Taking into account the current bullish momentum and these positive influences, this might just be the beginning of a significant rally for $XRP in the weeks to come.

However, while $XRP might be looking at stronger price action, a different type of crypto has entered the spotlight: Shiba Galaxy ($SHIB). This newcomer is already captivating the meme coin community by blending the lighthearted appeal of meme culture with tangible, tech-driven features.

Its fresh approach is turning heads and raising questions about whether $SHIBG is a more exciting choice in today’s meme-hungry market.

Is $XRP headed for a bullish run?

As it happens, $XRP has had a steady October in terms of its price movement, demonstrating resistance to market volatility and continuous investor interest. However, it didn’t make a stronger upward move until early November, pushed by the optimistic sentiment surrounding Trump’s win.

According to prominent crypto expert Alan Santana, $XRP has recently been trading below 0.618 Fibonacci retracement on its weekly chart relative to the bullish streak from the June 2022 low to the July 2023 high. Below this line, its bearish potential is strong and a crash could occur at any time.

On the other hand, should $XRP break above this level, Santana expects it to continue upwards. The new wave of optimism in the crypto industry, which has already sent this token above the critical $0.53 threshold, might indeed help make the projected scenario materialize.

All of this goes to show that, while $XRP’s steady performance has gained it a loyal following, the overall sentiment can be unpredictable. Even such a widely adopted digital asset isn’t immune to sudden market shifts, and investors should keep an eye on broader factors that may influence its price trajectory.

But here’s the twist: as $XRP consolidates, meme coins are getting their time to shine.

Rise of Shiba Galaxy ($SHIBG)

Here’s where Shiba Galaxy enters the stage, the newest star in the meme coin universe that’s quickly gaining a large following. However, $SHIBG is more than a “mere” meme token.

It’s a Layer 2 blockchain designed with scalability and high speed in mind, making it a promising project for those looking for fun and functionality.

Notably, meme coins have demonstrated that they can thrive and gather a devoted community even when the broader market faces turbulence. Shiba Galaxy has already distinguished itself among them by adding real-world utility to the mix.

With its efficient and scalable platform, fast bridging to the Ethereum ($ETH) network, and ultra-low transaction fees, Shiba Galaxy has captured interest from those craving more than just upside potential and want a meme coin that truly stands out from the pack.

Currently going for $0.109 apiece in presale and with a modest market capitalization of $32 million, $SHIBG offers investors a ground-floor opportunity to join a rapidly growing community, carving out a name for itself in the already established meme coin sphere.

Memes meet utility meet opportunity

Ultimately, for those looking to diversify their portfolio beyond traditional tokens like $XRP, $SHIBG represents a unique chance to get in on a project that combines meme coin culture with practical utility. So, don’t get left behind on the Shiba Galaxy launchpad; the next big wave in crypto could start right here.


This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article

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8 11, 2024

SOL Expected To Hit $500 In 2025 But Investors Turn To This New Altcoin For 20x Gains

By |2024-11-08T11:38:50+02:00November 8, 2024|Crypto News, News|0 Comments

SPONSORED POST*

Everything has been going Solana’s (SOL) way lately, and now it is on track to break above $500 in 2025. However, investors are eyeing a new top altcoin with the potential for even bigger gains in 2025. Crypto casino Rollblock (RBLK) is using blockchain technology and crypto culture to change the face of online gambling. The latest projections have it on course for more than 20x gains when its crypto presale ends in early 2025. 

Solana Sets Sights on Largest Layer 1 Ecosystem Slot 

The Solana price is racing higher as the market for Layer 1 blockchains undergoes dramatic changes. Solana is up a further 0.45% today, which brings its total monthly gain to over 30,9%.

Crypto experts foresaw that scaling would be the dominant issue for Layer 1 blockchains as their ecosystems grew. Now the issue of scaling is transforming the market, and Solana’s unique blockchain architecture is allowing it to capture the moment.

Solana’s advantage is that it does not rely on Layer 2 blockchains to provide scaling support. This allows Solana to provide some of the fastest and cheapest transactions, despite being one of the largest Layer 1 blockchain ecosystems. This also means that Solana does not have its revenue siphoned off by these supporting Layer 2 blockchains.

Solana has recently topped Ethereum for daily revenue. Now Solana is on track to take Ethereum’s spot as the largest Layer 1 blockchain ecosystem.

This transition is expected to send the Solana price above $500 well before the end of 2025.

Rollblock’s 2025 Growth Outshines Even Superstar Solana

Despite Solana’s clear path to growth in 2025, many investors are eyeing an alternative top altcoin for an even better growth potential. Rollblock is bringing blockchain technology and crypto culture to the $525 billion global gambling industry and generating staggering growth estimates as a result.

Bringing online gambling onto the blockchain has allowed Rollblock to provide quick, easy and seamless access to over 7,000 provably fair games. More than 20,000 players from all over the globe are already enjoying Rollblock’s next-generation crypto casino, with over 20 major crypto tokens to choose from.

Rollblock takes this revolution in online gambling further by integrating a vibrant social media ecosystem and a broad range of reward programs. Rollblock has even transformed the concept of the gambling token itself by incorporating a built-in system for revenue sharing.

This system diverts up to 30% of weekly revenue from the casino into buybacks. Rollblock then burns 60% of these tokens each week to create deflationary pressure on RBLK in the market. The remaining 40% is awarded for staking on the platform to create an income stream for holders with market-beating APYs.

Rollblock is expected to soar over 20x higher in 2025 as it takes a huge share of the market in a gambling industry that is increasingly transitioning online.

Rollblock has less than 20% of its stage seven tokens left in its crypto presale. The current token price is $0.033, and there is a limited 50% token bonus event active for the next three days.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

*This article was paid for. Cryptonomist did not write the article or test the platform.

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8 11, 2024

Cardano (ADA) Whales Are Waking Up As Price Shoots 10%

By |2024-11-08T07:34:41+02:00November 8, 2024|Crypto News, News|0 Comments

Cardano (ADA) is currently in the limelight after reclaiming the top 10 position in overall ranking. The Cardano ecosystem has litted up with multiple metrics including price and whale activity are on the rampage at the moment. As of writing, ADA was changing hands at $0.3925, up by 10.59% in 24 hours. This has helped it displace Toncoin (TON) from the tenth position in the market.

Cardano and the Whale Transaction Boost

Per data from crypto analytics platform IntoTheBlock, Cardano whale transactions skyrocketed by 31.82% in a 24-hour period. As the data highlighted, the cummulative volume of the large transactions topped $7.4 billion, a figure that shows renewed interest in the protocol.

By definition, whale transactions are those worth at least $100,000 carried out within a specific time span. The data shows that a total of 4,730 related transactions were shuffled within a 24-hour period. In ADA terms, this $7.4 billion figure is equivalent to 21.42 billion coins.

Among the most profiled Layer-1 tokens, protocols, Cardano has a high affinity to attract whales. This is a good omen for investors betting on the future of the coin. While recent ADA price analysis points to imminent uptrend, this whale boost can catalyze the growth.

It is worth noting that Cardano has traded at a very close range over the past month. Consequently, market data pegs this range at a low of $0.3204 and a high of $0.3934. With the current price blowout, ADA might finally break the $0.4 resistance level for the first time since July this year.

The Charles Hoskinson-led protocol has a robust ecosystem updates including Chang hard fork prospects that might complement the potential rally forecast.

The BTC Correlation and DeFi Boost

If there is one aspect that Cardano has not caught up with its peers, it is in Decentralized Finance (DeFi). However, that is ending soon with the protocol’s cross-bridge link with Bitcoin.

In a linkup that scored high praise from the community, Cardano can tap into the deep liquidity Bitcoin has to offer. According to ADA bull, Dan Gambardello, this liquidity transfer may serve as a game changer for Cardano.

With DeFiLlama currently pegging ADA’s DeFi TVL at $291 million, a figure that might easily run into billion in the coming months.

 

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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8 11, 2024

$1.3B staking deposits could spark $210 rally

By |2024-11-08T03:32:08+02:00November 8, 2024|Crypto News, News|0 Comments

Solana price breached the $195 level on November 7, extending its weekly time frame gains to 25%, as on-chain data trends suggest key SOL stakeholders are holding out for more gains ahead  

Solana price breaches $190, first time in 220 days 

Buoyed by Donald Trump’s victory at the polls, the global crypto market entered its third consecutive day on an uptrend on November 7, 2024. Amid the ongoing rally, Solana emerged one of the biggest gainers on Thursday, as demand for native memecoins further propelled market demand for SOL. 


 Solana Price Analysis | SOLUSD | November, 7 2024

Solana is trading above $196 on Binance at the time of writing on November 7. Zooming out, the chart also above shows that SOL’s weekly time frame gains have now exceeded 25%, as prices moved from $157 on November 3 to reach the $196 level at the time of publication. 

 

Investors have staked another $1.3B SOL in November 

While Solana’s traders are holding onto double-digit unrealized profits, on-chain data trends suggest that the majority of key stakeholders are not looking to cash out early.

In affirmation of this narrative, Solana investors have been spotted staking an unusually high amount of SOL coins since the start of November. 

The chart below, culled from StakingRewards.com, tracks the total value of SOL staked, in real-time, across all yield bearing smart-contracts. 

Solana Total Staked Value | November 1 to November 7, 2024 | Sources: SimplyStaking.com

As seen above, Solana total staked value stood at 393 million SOL as of November 1. That figure has now ballooned to 397.93 million at the time of publication on November 7. 

This reflects that Solana investors deposited 4 .93 million SOL, valued at $1.3 billion, into smart contracts within the last  seven days. 

Increased staking during a market-wide rally is often considered a bullish momentum signal for two major reasons. First, by locking over $1.3 billion worth of SOL in smart contracts, it temporarily reduces the supply available to be traded on exchanges. 

More importantly, for any Proof-of-Stake network, increased staking deposits enhances the security architecture of the blockchain. 

Notably, Solana has a well-documented history of outages during peak market activity. Hence, the additional 4 .93 million SOL staked in the last seven days provides firepower to shore-up network stability. 

Lastly, it also signals that Solana’s key stakeholders and node validators are looking to hold out for future gains, rather than cash out at the current price levels. 

Solana Price Forecast: $200 breakout in focus

Solana (SOL) is trading near $196 with 5.45% daily time frame gains. Having broken above its Bollinger Band midline, Solana is now trading above its Volume Weighted Average Price (VWAP) on Binance, signaling that buyers are willing to pay higher prices. 

Solana Price Forecast | SOLUSD

In the near term, the $210 zone could pose a major psychological barrier for Solana traders given that previous rallies encountered intense selling pressure around that price level. A successful break above $210 would likely set up SOL for a higher leg up, possibly targeting the $225 range. 

Conversely, if SOL faces resistance and reverses, support lies at current VWAP at $189. If that supports the cave, Solana price could find additional cushioning around the $171 area, reinforced by the Bollinger Band’s central moving average. 

SOL’s price trajectory is currently bullish with eyes on the $210 breakout. The increasing staked value coupled with a bullish technical setup aligns Solana’s price outlook for potential higher gains if market momentum persists without network outages. 

This temporary decline in short-term supply has been pivotal to Solana’s rapid 25% rally, amid the global market demand surge that ensued in the aftermath of Trump’s win at the polls. 

On-chain staking trends show that Solana investors have deposited another $500 million worth of SOL coins since the start of November. 

With Solana price trend above its Volume Weighted Average Price (VWAP) at $188, buyers remain in control. A close above that level could trigger a rapid breakout towards the $200 level. 
 


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8 11, 2024

How Far Can Cardano Price Rise in November?

By |2024-11-08T01:30:56+02:00November 8, 2024|Crypto News, News|0 Comments

Cardano (ADA) price has significantly increased in the last 24 hours, following a broader market surge. The altcoin’s positive trend comes amid increased investor interest as the cryptocurrency market rallies after the recent U.S. elections. Notably, Cardano’s surge aligns with other altcoins that have also rebounded, strongly eyeing more gain in November and further attracting attention from analysts. 

Will Cardano Price Hit New Peaks in November Amid Major Upgrades?

Cardano’s price has shown strong momentum recently, climbing over 10% in the past month, supported by a positive shift in the broader cryptocurrency market. This surge comes as Cardano launches Node 10.1, a significant upgrade that introduces new governance capabilities and prepares the network for the upcoming Chang 2 hard fork. 

Node 10.1.1 is the first mainnet node to support the Chang 2 inter-era hard fork, marking a crucial step for Cardano’s governance evolution. The release also brings enhanced delegation options, allowing stake pool operators (SPOs) to delegate to pre-defined voting choices.

These advancements have spurred optimism that Cardano’s price could push higher in the coming weeks, as the network solidifies its infrastructure and prepares for new functionalities.

Analyst Predicts 70% ADA Price Rally Surge

Crypto analyst ZAYK Charts has highlighted a potential bullish wave for Cardano, indicating a breakout from a falling wedge pattern on the 1-day chart. This technical formation is often seen as a reversal indicator that ADA could experience significant upward momentum.

According to ZAYK Charts’ projections, the breakout could lead to a 60-70% price increase. This optimistic outlook comes as ADA investors anticipate the next move, with bullish sentiment building around the cryptocurrency.

At the time of writing, the ADA price saw an impressive 5.% increase within the past day, trading at approximately $0.3751. Opening at a low of $0.3525, the ADA gradually gained traction, climbing to a high of $0.3771, marking a significant upward trend in the 24 hours. 

The top altcoin price is eyeing a critical resistance level at $0.38, with bullish momentum suggesting a potential breakthrough. If ADA manages to overcome this barrier, analysts expect the cryptocurrency could challenge a more significant resistance point at $0.75.

The Moving Average Convergence Divergence (MACD) indicator on the daily chart shows a positive crossover. The MACD line (blue) stands above the signal line (orange), indicating growing buying momentum. The histogram has also shifted to green, suggesting bullish momentum may be building up.

How Far Can Cardano Price Rise in November?
Cardano Price Chart: TradingView

As Cardano continues to build momentum and adopt new upgrades, it could be on track for notable price growth in November. With promising technical indicators and bullish sentiment, ADA may push toward new highs in the weeks ahead.

 

Frequently Asked Questions (FAQs)

Cardano’s Node 10.1 upgrade, increased investor interest, and a positive market rally are key drivers.

Analysts predict a potential 60-70% rally if ADA breaks through key resistance levels.

It introduces new governance and delegation features, preparing the network for the Chang 2 hard fork.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



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7 11, 2024

XRP Price Prediction: Ripple Golden Cross Appears For First Time To Trigger Move To $29 And WallitIQ (WLTQ) To $70 From $0.0171

By |2024-11-07T23:30:10+02:00November 7, 2024|Crypto News, News|0 Comments

The XRP price has been range bound for a significant period of time however new reports of a Riple Golden Cross is signaling a potential change. XRP, with its recent Ripple Golden Cross formation is projected to surge to $29. On the other hand, WallitIQ (WLTQ) token, a rapidly growing crypto asset projected to witness remarkable returns as it heats up for a move to $70 from $0.0171.

WallitIQ (WLTQ): Revolutionizing Asset Protection and Tokenization

WallitIQ (WLTQ) offers an advanced cryptocurrency wallet designed to deliver more than basic storage. Equipped with biometric and facial authentication, WallitIQ (WLTQ) raises the standard of security, shielding assets from unauthorized access and establishing itself as a trustworthy platform for both new and experienced investors. These cutting-edge security measures place WallitIQ (WLTQ) a step above many traditional wallets and foster user confidence in the platform. 

Beyond being a highly secure wallet, WallitIQ (WLTQ) brings an innovative blend of Physical to Digital (P2D) asset integration. Through its P2D feature, users can digitize physical assets, from collectibles to real estate, and seamlessly integrate them with digital tokens. This unique capability unlocks fresh avenues in DeFi and asset tokenization, allowing users to diversify portfolios with both physical and digital assets. 

WallitIQ’s (WLTQ) integration of Push Protocol further enhances the user experience by delivering instant, real-time notifications on all on-chain activities, ensuring users are up-to-date on asset movements and security updates. To help users make informed investment decisions, WallitIQ (WLTQ) offers AI-powered recommendations, portfolio performance tracking, and risk management tools. 

This suite of intelligent features aids in improving trading positions and sharpening strategies, while also providing premium access to advanced tools, governance participation, and community rewards. The platform’s staking feature is particularly attractive, offering investors an Annual Percentage Yield (APY) of up to 180%, making it a robust choice for those aiming to maximize passive income.

Since it was listed on CoinMarketCap, WallitIQ (WLTQ) has gained substantial visibility and credibility. Audited by SolidProof, the platform’s smart contract has been verified as dependable and secure, adding another layer of investor confidence. Now available at a presale price of just $0.0171, the token is expected to soar to $70, driven by its innovative offerings and robust security model, appealing to a growing audience of crypto enthusiasts.

XRP Price: Ripple Golden Cross Signals Potential Surge to $29

The XRP price is generating excitement among investors as it recently formed a Ripple Golden Cross, a bullish technical signal that suggests an uptrend may be underway. In technical analysis, a Ripple Golden cross like the one appearing on the chart occurs when a short-term moving average (usually the 50-day) crosses above a long-term moving average (typically the 200-day). 

This Ripple Golden Cross seen is often regarded as a strong indicator of an impending rally, drawing attention to the potential of the XRP price to break through resistance levels and reach new highs.

The Ripple Golden Cross has boosted investor confidence, and many believe that the XRP price may rally significantly from its current levels. As more traders take note of this bullish indicator, it’s expected that increased buying pressure could propel the XRP price  to a target of $29. Historically, Golden Cross formations in the market have preceded notable price surges, adding to the optimism surrounding the XRP price. 

The Ripple Golden Cross isn’t just a technical indicator; it also comes at a time when the cryptocurrency is gaining institutional support and adoption.

Conclusion

The Ripple Golden Cross has set the stage for a potential XRP price rally toward $29, highlighting its bullish outlook and securing its place as a high-interest asset. WallitIQ (WLTQ), with its advanced security, P2D wallet, and high APY staking options, is similarly poised for impressive growth, presenting a potential rise from $0.0171 to $70. Participate in the WallitIQ (WLTQ) presale today to take advantage of this bullish trend and boost future investment returns. 

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

 

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7 11, 2024

Dogecoin Price Prediction: How The Presidential Election Affected This Meme Coin

By |2024-11-07T21:29:07+02:00November 7, 2024|Crypto News, News|0 Comments

In a repeat of the 2016 election cycle, Donald Trump made the White House his permanent address for the next four years. As everyone already anticipated, this victory boosted the price of crypto assets – including Dogecoin (DOGE), putting it on a bullish trajectory that may very well continue for the foreseeable future.

Let’s see if Dogecoin will reign supreme in 2025 and if other coins are showing similar potential.

Will Dogecoin reach a yearly high?

Dogecoin started rapidly ascending in mid-October and soared even higher on election day when it became clear the red party may very well snag the election. Most investors predicted that Donald Trump getting crowned the new-old president would cause DOGE to take off. Judging by the trading volume that exceeded two billion on November 6, they predicted good.

At the moment, Dogecoin is hovering between $0.1800 and $0.2000, up from around $0.1600 in just a single day. If this momentum continues, it could set a new yearly high ($0.2200).

Considering Dogecoin is the favorite of Elon Musk, and is an accepted form of payment in his companies, there are already jokes about Donald Trump putting Dogecoin in the national treasury. All of this is fueling the bullish sentiment, which may very well continue throughout November.

Ali Martinez anticipates DOGE will continue to skyrocket on the power of Musk’s influence alone. The sentiment is shared by Peter Brandt, who predicts Dogecoin will soon hit a new all-time high.

While it’s impossible to confirm if wild predictions such as $10 some are throwing out will come true, judging by all metrics, DOGE is poised to at least reach the yearly high. And if the bullish sentiment continues, a new all-time high is certainly possible.

How to get the most out of this bull run

Meme coins are roaring right now and we could potentially be witnessing a bull run super cycle. Dogecoin is not the only meme coin performing well at the moment. Shiba Inu and PEPE are also rising in value. For example, Shiba Inu’s 24-hour trading volume increased 149.12%, with PEPE also making good numbers with a trading volume increase of 106.03%.

While it’s always smart to have classics like these two in your crypto portfolio, there are plenty of up-and-coming meme coins that may have massive potential in this bull run. Generally, the value of regular meme coins is severely limited by their huge circulating supply and massive market caps. SHIB has a market cap of $10.87B, which sadly doesn’t offer much in terms of upswing potential.

However, there are new projects with much more favorable metrics.

One such is Shiba Galaxy (SHIBG), which has a market cap of just $30 million. With a pre-sale price of $0.105, it’s brimming with meme coin goodness. Still, Shiba Galaxy is more than just a meme coin. In fact, the team behind SHIBG is serious about bringing a new level of utility into the meme coin sector.

For starters, it’s an L2 blockchain meme coin with instant bridging between Shiba Galaxy Chain and Ethereum. This means investors will enjoy a smooth experience with fast processing speeds and lightning-fast transaction speeds.

Shiba Galaxy is also a full-fledged ecosystem that comes with a block explorer and builder, making it a perfect match for developers who want to create new meme coins. An addition of staking is also a welcome sight, allowing Shiba Galaxy to effortlessly bridge the gap between meme value and true crypto utility.

Maximize your bag

Exciting times are ahead for all things crypto. As we slowly approach a potential meme coin bull cycle, diversifying and taking note of new projects with major potential could be wise. While there’s nothing wrong with coins that are pure meme, there’s merit in looking at new ones that are experimenting with utility in the meme coin sector.

It’s also smart to be cautious. There’s always a possibility that the market may overextend and suffer a corrective pullback as a result.

Either way, happy bull run and trade safely!


This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

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7 11, 2024

Cardano (ADA) Price Prediction for November 7

By |2024-11-07T19:28:15+02:00November 7, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Most of the coins might need some time to accumulate energy for a further move, according to CoinMarketCap.

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Top coins by CoinMarketCap

ADA/USD

The rate of Cardano (ADA) keeps rising, going up by 3.40% since yesterday.

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Image by TradingView

Despite today’s growth, the price of ADA remains bullish on the hourly chart. If the upward move continues to the resistance, one can expect a breakout, followed by a move to the $0.38 zone.

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Image by TradingView

On the bigger time frame, the picture is also bullish. If buyers can hold the gained initiative, traders may witness a test of the resistance level of $0.3860 by the end of the week.

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Image by TradingView

From the midterm point of view, the rate of ADA is far from key levels. 

Related

Bitcoin (BTC) Price Prediction for November 6

However, if the weekly candle closes around the current prices, the accumulated energy might be enough for a test of the $0.4158 level soon.

ADA is trading at $0.3739 at press time.

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7 11, 2024

Will XRP Outperform Solana Amidst Election News and JetBolt Explosion

By |2024-11-07T17:26:32+02:00November 7, 2024|Crypto News, News|0 Comments

As Donald Trump prepares to take a seat for the second time as US president, analysts are musing whether Ripple’s XRP can outperform Solana amidst the election news. XRP experienced a 3.9% increase in price over the last 24 hours, backed by the optimism that a pro-crypto administration and potential ETF could drive further growth. Meanwhile, Solana continues to lead in the high-speed blockchain space, registering strong gains following the election.

At the same time, the new innovative altcoin JetBolt (JBOLT) is taking the crypto world by storm with its groundbreaking technology and exciting presale. With its pre-sale selling over $490,000 worth of tokens since its recent launch, it is no wonder crypto whales are eyeing this next gen altcoin.

Let’s discuss XRP’s potential to outperform Solana, and why JetBolt’s presale is soaring?

XRP Price Prediction: Will XRP Pump Amid Election Optimism

XRP, Ripple’s native cryptocurrency, has seen a price uptick following Donald Trump’s projected election win, as investors speculate that a more favorable regulatory stance might benefit Ripple’s legal situation with the U.S. Securities and Exchange Commission (SEC).

XRP fans are celebrating as the token’s price has witnessed a 6.2% surge over the past week and a 3.1% rise over the past 24 hours. At the time of writing, XRP is trading at $0.5514 with a $31.3 billion market cap.

Ripple (XRP) CEO Brad Garlinghouse took his congratulatory message for Trump on X (formerly Twitter) to reiterate Trump’s promise of firing Gary Gensler, the Chairperson of the US Securities and Exchange Commission (SEC).

During his campaign, Trump pledged to dismiss Gensler on his first day back in position, January 20, 2025. However, this date arrives just days after the SEC’s deadline to submit its appeal against Ripple.

Will XRP Outperform Solana Amidst Election News and JetBolt Explosion

Statement made by Ripple’s CEO Brad Garlinghouse amidst Trump victory on X (formerly known as Twitter).

Can XRP Outperform Solana?

A growing number of market observers wonder whether XRP can outperform Solana amidst election news? Let’s look at some technical indicators. Data shows that XRP has a high momentum score of 2,019,870,936 and a MACD level of -207,604,418 — both indicators suggest a favorable buy territory.

On the other hand, Solana is also on a roll as it continues to move past the $190 key resistance level this week. Rising from the $157.11 drop last November 5, analysts are now eyeing a potential rise to the $195 mark in the near future.

While XRP has strong indicators pointing toward further upside, Solana’s continued resilience makes it a close game. Which coin will perform better remains to be seen.

Meanwhile, JetBolt is shaking up the crypto market with its soaring presale and amazing platform.

Is JetBolt’s Explosion on the Horizon? Whales Keep a Close Eye

While XRP and Solana capture mainstream attention, JetBolt (JBOLT) is emerging as a strong contender in the altcoin space. In the span of just three months, JetBolt’s explosive pre-sale has captured the attention of whales selling over $490,000 worth of tokens. Let’s explore why JetBolt is rising so fast.

JetBolt’s appeal lies behind its advanced technology including its Zero-Gas protocol. JetBolt completely eliminates gas fees and offers a refreshing alternative to traditional, gas-heavy platforms. This is particularly appealing for crypto enthusiasts, whales, and developers.

JetBolt also offers an AI-powered insights tool that curates blockchain news and insights, enabling holders to stay updated on crypto developments. JetBolt also has a staking system that allows users to earn daily rewards simply by logging in and interacting with friends on the platform.

JetBolt’s presale is making waves, featuring exclusive perks like daily price increases and unique discounts through its Alpha Boxes, which offer up to 25% additional JetBolt tokens on batch purchases. Early adopters are embracing the strategic setup, keen to maximize their gains ahead of the next price rise. 

With a fully operational ecosystem that’s already attracting whale attention, JetBolt is a next-generation altcoin to watch out for.

XRP Price Prediction: Will XRP Outperform SOL Amidst Election News and JetBolt Explosion
XRP Price Prediction: Will XRP Outperform SOL Amidst Election News and JetBolt Explosion

Crypto Showdown — Will XRP Outperform Solana While JetBolt Gains Traction?

With the dust settling post-election, the question around which coin will see the greatest gains remains. XRP has the potential to soar if Ripple secures regulatory clarity, which could restore investor confidence. Solana’s position as a high-speed blockchain for DeFi and NFTs makes it a formidable competitor with strong growth potential, especially if ETF approval boosts institutional access. 

Meanwhile, JetBolt’s disruptive technology and impressive presale are positioning it as a rising star that could capture market share.

Learn more about JetBolt’s innovative features here:

Official JetBolt Website: jetbolt.io 

Telegram Channel: https://jetbolt.io/telegram   

X/Twitter Page: https://x.com/JetBoltOfficial   

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risks; please consult a financial advisor and conduct thorough research before making any investment decisions.



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