Veteran trader Peter Brandt has identified a bullish “massive coil” pattern for XRP, signaling a potential breakout, while legal uncertainties and regulatory shifts fuel market speculation. Peter Brandt’s Chart Insight Sparks Debate on XRP’s Next Market Move Peter Brandt, a renowned trader and chartist, highlighted a bullish outlook for XRP in a post on social
Bitcoin.com 2024-11-20 05:30
AAVE’s institutional backing and key metrics hint at a potential bullish recovery.
AMB Crypto 2024-11-20 05:00
Polygon whales have accumulated 140 million tokens in four days, worth $56 million.
AMB Crypto 2024-11-20 04:30
Following a price surge, Solana (SOL) reached a market valuation of nearly $117 billion for a new milestone. As the blockchain ecosystem gains traction, both analysts and investors are beginning to pay attention. This surge reflects the growing appeal of its blockchain, which offers fast, low-cost transactions, making it an attractive option for decentralized applications (DApps) and developers searching for a more efficient platform. Related Reading: Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says Solana’s value boost isn’t temporary. It signals a bigger trend in cryptocurrency investing toward alternative financial systems. As blockchain usage grows, Solana leads due to its technical skills and growing recognition of its possibilities. DeFi Hotspot: Solana’s Growing Influence It’s hard to overlook Solana’s rapid proliferation in decentralized finances (DeFi). On November 17, the network’s infrastructures were credited with among crypto’s highest processed fees to date. Five of the ten most significant fee-charging platforms were built on the Solana blockchain. Raydium, a famous automated market maker, led the list with over $11 million in fees, followed closely by Jito, a liquid staking protocol, with close to $10 million. The surge in activity is being fueled in part by the resurgence of memecoin craze, as investors return to the market with renewed enthusiasm. As the DeFi ecosystem on Solana grows, its capacity to execute massive transaction volumes without breaking the bank positions it as a leading contender in the fast developing blockchain race. Price Predictions: Will Solana Reach $400? With the given upward momentum, analysts are becoming more positive about the Solana prospects. Titan of Crypto has also commented that SOL can possibly reach $400 as it seems to be creating a break out pattern. This pattern is known as Cup & Handle and is seen as a positive signal for further gains, especially when Solana hits its all-time high. #Altcoins #SOL $400 is next! 🚀#Solana is breaking out from the Cup & Handle pattern on the monthly timeframe. Once it clears its previous ATH, it could soar straight to $400! pic.twitter.com/CILozp95uN — Titan of Crypto (@Washigorira) November 17, 2024 Another famous figure in the crypto field, Peter Brandt, has expressed similar comments, saying that Solana’s swing upward will drive its price further higher. Solana’s recent performance supports these predictions—only this week, SOL achieved a high of $248, representing an 11% increase in just seven days. SOL, at the time of writing, was trading at $246. Often times price moves in swings whereby the swings are relatively equal in price. I am sure Elliott traders get quite precise (as they tend to do ) but I just use swing targets as a guide pic.twitter.com/QBGzOAZTHi — Peter Brandt (@PeterLBrandt) November 18, 2024 Solana’s surge has also enabled it to surpass Binance Coin (BNB) in market capitalization, cementing its position as the fourth-largest cryptocurrency. This confirms its position as one of the most powerful players in the industry, putting it on course to compete with other important assets, such as the stablecoin USDT. Related Reading: XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High The Road Ahead For Solana However, Solana seems to be poised to continue upward momentum in the future. Solana is very well positioned for future growth thanks to great performance in the DeFi sector, favorable price expectations, and ever-increasing market capitalization. If it is able to maintain the level of performance at present and attract even more developers and users to its ecosystem, then it play an even more important role in the blockchain world in months and years to come. Featured image from Forbes, chart from TradingView
NewsBTC 2024-11-20 04:00
Crypto analyst predicts 60% rally for Optimism (OP) after breaking key resistance at $1.83.
AMB Crypto 2024-11-20 04:00
ADA gears for the altseason as altcoins' weekly trading volume surges.
AMB Crypto 2024-11-20 03:30
BNB holds steady at $615 as bullish signals spark rally hopes.
A closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) may be gearing up for an explosive surge. Analyst Ali Martinez tells his 80,000 followers on the social media platform X that DOGE has more upside potential based on the level of public interest relative to its current price level. He uses Google search The post Analyst Says Dogecoin Has Way More Room To Grow, Sees Potential Rally to New All-Time High for DOGE appeared first on The Daily Hodl .
The Daily Hodl 2024-11-20 03:00
Despite numerous coins reaching record highs this bull run, ETH is still 36% below its all-time peak.
AMB Crypto 2024-11-20 03:00
There were a cluster of long liquidations around the $0.205 region that Algorand's prices visited recently.
AMB Crypto 2024-11-20 02:00
DAG crypto's building buyer exhaustion could reinforce the $0.05 resistance level.
AMB Crypto 2024-11-20 01:00
Bitcoin (BTC) continues its historic price trajectory, trading in the low $90,000 range at the time of writing. However, a trading firm suggests that Bitcoin dominance (BTC.D) falling below a crucial level could signal the start of the long-anticipated altcoin season. Interest Rate Cuts, Trump Administration To Propel Crypto In a recent Telegram broadcast, Singapore-based trading firm QCP Capital shared its crypto market analysis. The firm highlighted Solana’s (SOL) recent performance, noting that it outpaced Bitcoin and Ethereum (ETH) over the weekend, surging more than 17% from Friday’s lows. Related Reading: Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why Despite this, QCP Capital acknowledged that many investors remain hesitant to embrace the prospect of an imminent alt season, given Bitcoin’s steady climb toward the psychologically significant $100,000 mark. Rekt Capital’s analysis supports this sentiment, suggesting BTC is just beginning its parabolic phase. QCP Capital, however, predicted that a combination of Donald Trump’s victory in the US presidential election and interest rate cuts by the Federal Reserve (Fed) could set the stage for a full-blown altcoin season in the coming months. Trading Firm Identifies Key Bitcoin Dominance Threshold For Altseason According to QCP Capital, altcoins historically outperform major cryptocurrencies once the latter consolidate after significant rallies. The firm explained: Historically, we’ve seen altcoins outperform whenever the majors consolidate after a significant rally as profits rotate into smaller-cap coins. BTC’s dominance is around 60% now and it will probably need to be around <58% to signal the start of altcoin season. Currently, BTC.D stands at 60.10%. A look at the weekly chart shows that Bitcoin dominance has been on a steady uptrend since November 2022, when it hovered at 39.92%. Over this two-year period, most altcoins have underperformed Bitcoin significantly. However, altcoins have recently shown signs of recovery, coinciding with the growing likelihood of a pro-crypto Trump administration. Digital assets like SOL, Cardano (ADA), and XRP have significantly outperformed BTC in the past few weeks. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH – Time To Buy Altcoins? QCP Capital’s analysis aligns with that of crypto analyst @MikybullCrypto, who predicts BTC.D will decline starting in December. According to the analyst, altseason could begin toward the end of November and last until March 2025. Some analysts believe Bitcoin may continue its rally before showing signs of weakness. For instance, Fundstrat’s head of research, Tom Lee, recently stated that BTC is on track to reach $100,000 before the end of the year. That said, the altcoin market cap recently surged past a key resistance level, indicating that altcoin season might be closer than expected. At press time, BTC trades at $91,760, trading flat in the past 24 hours. Featured image from Unsplash, Charts from X.com and Tradingview.com
NewsBTC 2024-11-20 01:00
