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Cardano & This Popular Altcoin is Heading for 20% Pullback—Can Bulls Prevent Excess Price Drain?
The post Cardano & This Popular Altcoin is Heading for 20% Pullback—Can Bulls Prevent Excess Price Drain? appeared first on Coinpedia Fintech News The crypto markets are displaying diverse sentiments. While the trader’s sentiments for some of the tokens remain uncertain, for other’s it’s just bullish. In the meantime, some of the primitive tokens, like Cardano & Solana, are facing tough times and are expected to lose more gains in the coming days. With this, the bulls may get a good entry as the prices of ADA & SOL continue to remain under bullish influence in the long term. Cardano (ADA) Price Analysis Cardano is testing some crucial support levels, losing which the token is believed to undergo a hefty 15% pullback. The ADA price has begun to swell after prolonged consolidation, and hence it can be assumed that the market participants may have extracted profits after a pretty long wait. However, the price is expected to trigger a strong rebound after the selling pressure fades off with lower selling volume. As seen in the above chart, the ADA price is trading within an ascending triangle in the short term and is trying hard to defend the ascending support. With this, the token has entered a decisive phase and a close below $1.10 signals a trend shift, while a drop under $1.03 could confirm a bearish breakdown to $0.88. However, the technicals remain in bullish favor, which suggests the bulls to enter the ring anytime from now and revamp a strong ascending trend towards a new ATH. Solana (SOL) Price Analysis The Solana price was expected to be one of the most dominant altcoins during the ongoing bullish action, with the price targets above $300 in the short term and above $500 in the long term. However, a major shift in market sentiments appears to have occurred, according to which the price is now feared to plunge back to $200 if bulls fail to defend the support at $220. The SOL price is now testing the neckline of the head and shoulder pattern, which is flashing massive bearish signals. Besides, the price is trading between the base & conversion lines of the Ichimoku cloud, and it appears that the levels are heading towards a bearish crossover, flipping the cloud to bearish and triggering a sell signal. The descending RSI also validates a bearish claim along with a major drop in volume. Therefore, the prices of Cardano & Solana are heading towards the lower support by losing nearly 15% of its value. If the bulls fail to hold the levels, more bearish action may occur.

coinpedia 2024-12-02 15:39
Altcoin Listed on Binance Dropped Hugely in Seconds! Here's the Reason for the Drop!
An unexpected event occurred in the price of Stargate Finance (STG), which is listed on Binance. The STG price lost 87% of its value in seconds on Binance, causing investors to panic. STG price dropped to as low as $0.0525 but then quickly recovered to around $0.38. Experts predict that low liquidity in the trading pair and a massive sell-off could be behind this sudden and sharp decline. Experts also noted that this decline in STG once again shows the importance of staying away from too much leverage and that trading without a stop-loss is risky, even in a bull market. What is Stargate Finance (STG)? Stargate Finance (STG) is a multi-chain native asset bridge designed to solve the blockchain trilemma that says no blockchain can be decentralized, secure, and fast at the same time. It does this by simplifying cross-chain DeFi transactions that allow users to transfer and exchange their assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly. Stargate users can also move their assets between different liquidity pools on various decentralized finance (DeFi) protocols and dApps. The protocol supports transfers between eight chains: Ethereum (ETH), Avalanche (AVAX), Polygon, Metis, BNB Chain, Arbitrum (ARB), Optimism (OP), and Fantom (FTM). *This is not investment advice. Continue Reading: Altcoin Listed on Binance Dropped Hugely in Seconds! Here's the Reason for the Drop!

BitcoinSistemi 2024-12-02 15:23
WisdomTree Files an S-1 Registration with SEC for XRP ETF
WisdomTree has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot XRP exchange-traded fund (ETF). The filing positions the asset manager among a growing list of firms aiming to introduce XRP-based investment products. According to a December 2 filing , the Bank of New York Mellon will act as the administrator for the proposed trust. WisdomTree’s ETF Aims to Track Price of XRP The ETF aims to track the price of XRP, the third-largest cryptocurrency by market capitalization. While details regarding the exchange venue and ticker symbol remain undisclosed, the filing signals WisdomTree’s intent to expand its crypto-focused offerings. WisdomTree joins other asset managers, such as Bitwise and Canary Capital, which have also submitted applications for XRP ETFs earlier this year. The company recently established a trust entity in Delaware to support the fund’s creation. The filing comes as Ripple Labs continues its legal battle with the SEC over XRP’s regulatory status, leaving the approval of such products uncertain. However, industry analysts speculate that SEC Chair Gary Gensler’s expected resignation could pave the way for a more favorable regulatory environment, potentially easing the path for XRP-based ETFs under new leadership. NEW: @WisdomTreeFunds officially files an S-1 with the @SECGov for an $XRP spot ETF. WisdomTree joins @BitwiseInvest , @21Shares and @CanaryFunds in applying for an fund that tracks the daily price of $XRP . pic.twitter.com/fIWiUuFpeR — Eleanor Terrett (@EleanorTerrett) December 2, 2024 Last week, Bitwise Asset Management unveiled the rebranding of its European XRP ETP, now named the Bitwise Physical XRP ETP (GXRP), as part of an expansive update to its European product offerings. The rebranded ETP initially launched in 2022 under the name ETC Group Physical XRP, represents Bitwise’s strategic efforts to strengthen its presence in Europe following its acquisition of the ETC Group earlier this year. Ripple , the blockchain company behind XRP, has also announced plans to invest in this revamped product. In another development, the New York Department of Financial Services (NYDFS) is reportedly poised to approve Ripple Labs’ RLUSD, an overcollateralized stablecoin pegged to the U.S. dollar. Ripple is preparing for a potential launch as early as December 4. Bitcoin ETFs See $6.4 Billion in Inflows in November November was a historic month for Bitcoin exchange-traded funds (ETFs) in the United States, with investors pouring $6.4 billion into spot BTC ETFs. The surge in inflows coincided with a month-long rally that saw Bitcoin’s price soar by 45%, reaching an all-time high of $99,000. Data from Farside Investors revealed that BlackRock’s iShares Bitcoin Trust ETF dominated the inflows, accounting for $5.6 billion—or nearly 87%—of the total. Other major contributors included Fidelity’s Wise Origin Bitcoin Fund, which attracted $962 million, Grayscale’s Bitcoin Mini Trust ETF with $211.5 million, and the VanEck Bitcoin ETF at $71.2 million. The bullish momentum was driven by strong market sentiment, with Bitcoin’s price climbing from $68,000 at the start of November to its record-breaking peak. Analysts believe the consistent inflow of funds from both institutional and retail investors will sustain the ongoing rally as Bitcoin enters a critical price discovery phase. Despite the inflows, some ETFs recorded significant outflows, totaling $411 million. The Grayscale Bitcoin Trust ETF led the losses, with $364 million in outflows, followed by Bitwise Bitcoin ETF at $40.4 million and Valkyrie Bitcoin Fund at $6.8 million. The post WisdomTree Files an S-1 Registration with SEC for XRP ETF appeared first on Cryptonews .

cryptonews 2024-12-02 15:19
Altcoin on Turks' Radar Announces Meetings with Trump Administration!
Popular altcoin Avalanche (AVAX), which is on the radar of Turkish investors, announced that it has met with the Trump administration. Ava Labs founder and CEO Emin Gün Sirer answered questions from community members on his X account and revealed that his layer-1 blockchain Avalanche is in talks with the new US administration under Donald Trump. Sirer stressed that the company preferred to keep its political connections secret and that the results of these talks would not be announced to the public in advance. The famous CEO noted that their approach is in line with Avalanche’s strategic style, stating that they focus on achieving results rather than publicizing political connections. Sirer answered the question “Is AVAX in talks with the new management?” by X user “digitalcleavage”. “You're not going to see us flaunting our political affiliations on social media. You're just going to see the results all of a sudden, in full Avalanche fashion,” Sirer said. https://twitter.com/el33th4xor/status/1863410356695040431 *This is not investment advice. Continue Reading: Altcoin on Turks' Radar Announces Meetings with Trump Administration!

BitcoinSistemi 2024-12-02 15:04
Top Trader Unveils ‘Real’ Price Target for Dogecoin, Says DOGE Now in ‘Monster Uptrend’
A trader known for making timely altcoin calls is revealing his true bull market price target for memecoin Dogecoin ( DOGE ). Pseudonymous analyst Bluntz tells his 300,100 followers on the social media platform X that he believes DOGE will go much higher than most people expect. The analyst looks at Dogecoin versus Bitcoin (DOGE/ BTC ) to forecast the memecoin’s potential bull market top. “DOGE/BTC from a cycle perspective is now in a monster uptrend, it did a cycle ABC lasting from 2021-2024 which drew down 90%. I would expect DOGE/BTC to hit an all-time high this cycle and a simple 1.618 extension measured from the prior cycle is typically a good and simple measurement. That takes us to 0.00002 BTC which is 373% higher.” The analyst practices Elliott Wave theory, which states that an asset tends to continue its uptrend after completing a three-part “ABC” correction. While Bluntz thinks that DOGE/BTC will soar to 0.00002 BTC, he highlights that DOGE’s US dollar value will likely explode higher, given that he’s also bullish on Bitcoin. He notes that Bitcoin will likely see prices well above $100,000 this cycle, suggesting that 0.00002 BTC will have a much higher dollar value. “I also think BTC is going to about $140,000-ish maybe higher by the time this cycle ends. So let’s whack another 45% on top of that 373%, which gives us around about 420% (for the culture) from current levels, math is probably flawed but don’t really care you get the picture. $1 is simple and cool to say but the real target is $2.20.” Source: Bluntz/X At time of writing, Dogecoin is trading for $0.445. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Top Trader Unveils ‘Real’ Price Target for Dogecoin, Says DOGE Now in ‘Monster Uptrend’ appeared first on The Daily Hodl .

The Daily Hodl 2024-12-02 14:45
Different this time: 'Altcoin season' no longer driven by Bitcoin rotation — Analyst
CryptoQuant CEO Ki Young Ju says altseason is no longer determined by a capital rotation from Bitcoin but by a surge in altcoin trading volume for stablecoin pairs.

CoinTelegraph 2024-12-02 14:38
Shiba Inu Rally: Analysts Predict 179% Price Surge
Shiba Inu (SHIB), the world’s second-largest meme coin, saw a weekend rally, briefly reaching $0.00003300 before retracing to $0.00002907 on Monday. Despite the 2.98% dip in the last 24 hours, $SHIB remains up 10.90% for the week and a remarkable 64.30% over the past month. Trading volume also surged by 31.25% to $6.03 billion, reflecting … Continue reading "Shiba Inu Rally: Analysts Predict 179% Price Surge" The post Shiba Inu Rally: Analysts Predict 179% Price Surge appeared first on Cryptoknowmics-Crypto News and Media Platform .

Cryptoknowmics 2024-12-02 14:38
Chainlink Price Analysis: LINK Price Hits $20, Eyes 40% Rally?
The post Chainlink Price Analysis: LINK Price Hits $20, Eyes 40% Rally? appeared first on Coinpedia Fintech News Story Highlights Chainlink price soars ~11% in 24 hours and is currently valued at $20.53. Technical indicator EMA 50/200-day record a Golden Cross in the daily time frame. Sustained bullish sentiment could push the price of this altcoin toward $26 this month. Despite the Bitcoin price losing momentum, the altcoin market has displayed an impressive price rally over the last seven days. Moreover, by successfully reclaiming the $20 mark, the LINK price continues to be under the limelight of investors. With the LINK price hovering close to its 52-week high, will the Chainlink price maintain its bullish price action and surpass the $23 mark this week? In this article, we have covered the possible short-term price prospect of the Chainlink (LINK) crypto token. Chainlink Price Experiences Increased Bullish Price Action! With an intraday surge of 10.83% and a trading volume of $1.672 billion, the LINK coin price has maintained its bullish price rally. Notably, this altcoin is trading within an ascending channel pattern and has surged ~77% over the last 3 weeks. TradingView: LINK/USDT The EMA 50/200-day has displayed a Golden Cross in the daily time frame. This highlights a significant increase in the buying pressure for the Chainlink token in the crypto market. Further, the Relative Strength Index (RSI) has breached the overbought range in the LINK price chart. With its average trendline experiencing a steady rise, this altcoin is projected to continue adding value to its portfolio this week. Will LINK Price Record A New 52-week High This Week? Maintaining the price above its support level will set the stage for the Chainlink token to retest its resistance level of $23. Furthermore, if the bullish sentiment intensifies, this could push the price toward its upper price target of $26. On the flip side, a bearish reversal could pull the price toward its support level of $20. Moreover, if the bears dominate the cryptocurrency space, this could result in this altcoin plunging toward its lower support trendline of $17 this month. Curious to explore the long-term price prospects of the LINK crypto? Read CoinPedia’s Chainlink Price Prediction and subscribe to us to stay updated on the latest cryptocurrency news! FAQs Can Chainlink hit $50? For LINK price to achieve this price target, it will require a surge of 143.54% in its current valuation. Is Link a good buy? The Chainlink crypto token surged 76.89% in November, resulting in it being closely monitored by top crypto investors and whales. What will Chainlink be worth in 2025? If the bullish sentiment sustains, it may surpass the $100 mark with a potential high of around $103.

coinpedia 2024-12-02 14:31
Ripple News : WisdomTree Submits XRP ETF S-1 Application With the US SEC
The post Ripple News : WisdomTree Submits XRP ETF S-1 Application With the US SEC appeared first on Coinpedia Fintech News Last week, WisdomTree Digital Commodity Services, LLC, a subsidiary of a prominent New York-based asset management firm with over $113 billion in AUM, filed for an XRP exchange-traded fund (ETF) with Delaware authorities. Earlier today, the investment firm submitted to the Securities and Exchange Commission (SEC) the S-1 filing for the WisdomTree XRP Fund. According to the SEC filings , the WisdomTree XRP Fund will tap into the Bank of New York Mellon (BNYM) as the trustee, fund accountant, and transfer agent. However, the prospectus for the WisdomTree XRP Fund did not reveal the ticker that will be listed on the Cboe BZX Exchange, thus indicating several updates of the filings will take place in the near term. Growing Interest in XRP Among Institutional Investors As Coinpedia previously reported, the demand for XRP among institutional investors has significantly grown following the anticipated crypto policy implementation in the United States. In addition to WisdomTree, several other fund managers have filed to offer a spot XRP ETF to prospective investors to help diversify their crypto portfolios. For instance, asset management firm 21Shares recently fueled for a spot XRP ETF. Additionally, Bitwise, Grayscale Investments, and Canary Capital have all filed for a similar product. As a result, it is evident that the demand for XRP among institutional investors is exponentially growing amid regulatory clarity in the United States. Market Impact The direct impact of the high demand for XRP among institutional investors is visible on the rising market value. The large-cap altcoin, with a fully diluted valuation of about $240 billion, overtook Solana (SOL) and Binance (BNB) to become the third largest crypto asset, excluding stablecoins. After more than six years of consolidation, XRP price is well positioned to enter its discovery phase of the macro bull cycle in the coming months.

coinpedia 2024-12-02 14:26
AVAX Set To Rally? CEO Confirms Ava Labs Is In Talks With Trump Administration
The post AVAX Set To Rally? CEO Confirms Ava Labs Is In Talks With Trump Administration appeared first on Coinpedia Fintech News Amidst growing whale accumulation and institutional interest, looks like altcoins are all poised for explosive growth ahead. With Bitcoin dominance falling and altcoins registering massive gains, the altcoin season might just be around the corner. In a latest development, the Ava Labs CEO, Emin Gün Sirer has revealed that Ava Labs is in talks with the US administration. The Avalanche community is riding waves of optimism in anticipation that this development could have a massive impact on the AVAX token, with a potential $50 target looming. The CEO and founder of took to X and stated the following. “You will not see us parade our political connections in social media. You’ll just suddenly see results, in total Avalanche fashion.” Yes, of course we are. You will not see us parade our political connections in social media. You'll just suddenly see results, in total Avalanche fashion. Plan accordingly. https://t.co/98tp1SR2QY — egs9000 (@el33th4xor) December 2, 2024 On the other side, XRP has also led a massive rally after Ripple’s CEO revealed that the firm is in talks with the Trump administration. XRP price rallies against the backdrop of legal victories in Ripple’s favor and speculations that CEO Brad Garlinghouse will be the top pick for the rumored “Crypto Czar” position under Trump. Notably, XRP has recently also flipped Solana to get to the top three cryptocurrencies. AVAX is currently trading at $46.34, up over 4% in the last 24 hours. AVAX Price Rallies Aligning with the optimistic event mentioned above, AVAX price soared roughly 5% over the past day and is sitting at $47.17. Its 24-hour trading volume soared over 200% to $2.07 billion. Market enthusiasts are extensively eyeing the coin for further gains, given Trump is set to resume his role the next year. Notably, the Ichimoku Cloud signals a bullish outlook for Avalanche (AVAX), with key support levels at $44.27 and $42.25 providing a strong foundation for upward momentum. The transaction volumes have surged for AVAX, reaching $566 million in November before stabilizing at $250 million. Additionally, a 5.52% decrease in zero-balance addresses over seven days indicates that funds are re-entering circulation, further supporting market confidence. Outlook remains positive Despite the bullish indicators, AVAX faces challenges. The overbought conditions suggest a potential pause or retracement in its current rally. However, the token’s strong support levels, increasing utility, and growing network activity gives an optimistic outlook going further. If AVAX overcomes the $48 resistance, it could solidify its upward trajectory, targeting new milestones like $100 in the near future.

coinpedia 2024-12-02 14:17
XRP flips Solana, USDT after 25% weekend pump: Will the uptrend hold?
Will XRP rally extend as whales position themselves for profit-taking?

AMB Crypto 2024-12-02 14:00
HYPE Token Climbs the Ranks, Surpassing Aave in Market Capitalization
Hyperliquid’s HYPE token surpasses Aave (AAVE) in market capitalization HYPE currently trades at $9.51, up 7.5% in 24 hours Hyperliquid offers fast, decentralized perpetual futures and spot trading Hyperliquid’s HYPE token has surpassed Aave (AAVE) in market capitalization, becoming the 55th largest cryptocurrency. HYPE trades at $9.51, up 7.5% today, with a total market value of nearly $3.17 billion. Aave, another leading DeFi project, trades at $210.60, up 0.4% over the same period, with a market cap of around $3.16 billion. Hyperliquid市值超越Aave，跃升加密货币市值排行榜第55位 Hyperliquid（HYPE）市值超越Aave（AAVE），跃升加密货币市值排行榜第55位。HYPE现报9.51美元，24小时上涨7.5%，市值约为31.76亿美元；AAVE现报210.6美元，24小时上涨0.4%，市值约为31.65亿美元。 $HYPE pic.twitter.com/DkGPfIbG7I — PANews (@PANewsCN) December 2, 2024 HYPE’s dramatic rise highlights the growing popularity and adoption of the Hyperliquid platform, a decentralized perpetual exchange running on its own high-speed Layer 1 blockchain. Hyperliquid handles over $6 billion in daily trading volume and supports … The post HYPE Token Climbs the Ranks, Surpassing Aave in Market Capitalization appeared first on Coin Edition .

Coin Edition 2024-12-02 13:36

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