In the coming weeks, traders and investors can expect a pullback- it is too late to FOMO and buy the token at these prices.
AMB Crypto 2024-12-03 13:00
Cryptocurrency trading volumes in South Korea surged to $18 billion on December 2, exceeding stock market volumes by 22%, according to 10x Research. South Korea’s crypto trading activity surpassed its stock market, which recorded 539.6 billion won ($385 million) in foreign inflows on December 2, according to Bloomberg reports . This surge is indebted to the retail enthusiasm in veteran tokens such as Hedera ( HBAR ), Dogecoin ( DOGE ), Stellar ( XLM ) and Ripple ( XRP ), reported 10x Research . You might also like: Sandwich attacks manipulated 35.5% of BNB Smart Chain blocks in November Kospi Index records its highest foreign daily inflows since August, with net foreign purchases exceeding 539.6 billion won ($385 million) on December 2, driven by improved U.S. economic indicators. Source: Bloomberg Contrastingly, South Korea’s stock market also remained active, with its largest inflow of foreign funds in three months. Global funds bought $385 million of Kospi Index shares on Dec. 2, which resulted in a 1.9% gain for the benchmark index after two days of declines. Seo Sang-young, a strategist at Mirae Asset Securities Co., reported that the inflows were driven by improved U.S. economic indicators, which included the ISM manufacturing new orders gauge, which entered the expansion territory for the first time in eight months, bringing investor’s confidence back in the South Korean export-driven economy. You might also like: IOTA surges over 45% as voting on Rebased upgrade goes live Altcoins in action XRP dominated the trading activity by recording a $6.3 billion inflow, closely followed by DOGE, which recorded a $1.6 billion inflow and XLM with $1.3 billion. Ethereum Name Service ( ENS ) and HBAR also saw prominent trading activity, indicating that altcoins have been a major contributor to the influx in trading activity. XRP reached its yearly high at $2.80 and has now become the third largest cryptocurrency, surpassing Tether ( USDT ), after reaching $42.65 billion in global trading volume in the last 24 hours. https://twitter.com/10x_Research/status/1863748088235692399 Tezos and Enjin Coin have surged by 96% and 91%, respectively, as identified by 10x Research’s trading signals. The chart highlights breakout momentum for key altcoins, signaling potential opportunities for traders. Markus Thielen , the founder and CEO of 10x Research, observed that altcoin trade volumes are continuing to dominate the market. In contrast, Bitcoin funding rates are steady at 15%, quoting, “The action is clearly in the altcoin market”. This is further supported by CoinMarketCap’s Altcoin season index, which indicates the dominance of altcoins over Bitcoin, which stands at 83%. Read more: South Korea to postpone Crypto Tax bill to 2027
crypto.news 2024-12-03 12:45
A widely followed crypto strategist believes it’s only a matter of time before top memecoin Dogecoin ( DOGE ) erupts. Pseudonymous analyst Bluntz tells his 301,200 followers on the social media platform X that DOGE only needs to take out its diagonal resistance at around $0.50 to ignite rallies to a fresh all-time high. “When DOGE finally breaks this three-week range, the upside move will be violent, just like the last one, in my opinion. Tick tock.” Source: Bluntz/X Looking at the trader’s chart, he seems to predict that DOGE can surge to a new record high above $0.90. At time of writing, DOGE is worth $0.422. Bluntz also thinks that December will be an incredibly bullish month for crypto with the top memecoins leading the charge. “Let the Santa rally begin… DOGE, PEPE and SHIB all doing more volume than Solana [Monday] despite being, in some cases, 1/10th of the market cap. If you think the meme meta is dead, I’m sorry but you’re not going to make it.” Source: Bluntz/X Bluntz also says that retail traders are now pouncing on crypto and are more interested in coins that emerged during the 2017 market cycle, known as “dino” coins. “After observing retail finally coming back and deciding to start bidding…. ‘drum roll’ the same cr*p they bid last cycle. Makes me think when the memecoin bid inevitably comes back on they’re going to bid on dino memes as well. Obviously DOGE, but ALSO SHIB, FLOKI, etc.” 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 ‘Let the Santa Rally Begin’: Top Trader Predicts Massive Rally to New All-Time for Dogecoin – Here’s His Target appeared first on The Daily Hodl .
The Daily Hodl 2024-12-03 12:15
The post Altcoin Season Is Here, But Most Coins Are Doomed : Warns CryptoQuant Analyst appeared first on Coinpedia Fintech News “This altcoin season will not be what you expected,” says Ki Young Ju, a renowned crypto analyst. It sounds pessimistic, doesn’t it? Considering the optimistic nature of the current cryptocurrency market scenario, there seems to be no reason for the analyst to express a pessimistic view. Yet, the analyst sticks to his ‘not-so-welcoming’ view. Should altcoin enthusiasts be worried? A New Kind of Altcoin Season One thing that everyone agrees on right now is that the crypto market is going to witness an altcoin season soon. The thing that triggers disagreement is: will all the altcoins benefit from this season? Many, like Ki Young Ju, hold the depressing opinion that only a select few altcoins will benefit from this alt season. Bitcoin’s Separation From Altcoins Until recently, the correlation between bitcoin and altcoin was strong. To prove that the Bitcoin market no longer shares this tight connection with the rest of the crypto market, the prime argument that Young Ju puts forth is the one highlighting the creation of its own paper-based Layer 2 ecosystem by Bitcoin using ETFs, funds and similar tools. Breaking the Altcoin-Bitcoin Correlation The general belief is that altcoins move together with bitcoin. In the scenario of a weaker correlation, the belief is simply irrelevant. Anyway, the best thing about this new trend of altcoins breaking this correlation is that a few altcoins are showing the capacity to exhibit independent trends. The crypto expert also acknowledges this new trend in the altcoin market. In the last 30 days, XRP has surged by 423%, Dogecoin by 174.6%, Cardano by 272.9%, Avalanche by 115.2%, Stellar by 485.6%, Chainlink by 128.9%, Polkadot by 158.7%, Hedera by 689.4%, Pepe by 143.9%, and Cronos by 182.45. Survival Strategies for Altcoins There is a way out of this trap for the altcoin market. Young Ju presents two options: Either develop paper-wrapped products, like Bitcoin ETFs, or build a real internet money system using stablecoins or Bitcoin. The funniest part is that both these options look equally tough. Anyway, there is no option. The altcoin market has to make a choice.
coinpedia 2024-12-03 12:05
Shiba Inu (SHIB) has displayed significant performance over the past few weeks. Trading at $0.00001712 early in November, the meme token soared 93% to $0.000033159 on late 1 December. The robust uptrend saw the frog-themed cryptocurrencies exploring price levels not seen over the past eight months. Subsequently, Shiba Inu’s ecosystem has witnessed robust growth, with address activity signaling improved engagements within the SHIB blockchain. Shiba Inu attracts new players On-chain analytics firm Santiment highlighted SHIB as among the altcoins seeing impressive network growths. Santiment @santimentfeed · Follow 📈 Network growth is high amongst several altcoins right now. Notably, keep an eye on XRP Ledger, Shiba Inu, and Band. On Sunday alone, we saw…📌 XRP: 22,357 New Wallets📌SHIB: 7,548 New Wallets📌BAND: 35 New WalletsAll of these network growth spikes, relatively much… 10:09 PM · Dec 2, 2024 142 Reply Copy link Read 11 replies The meme project recorded 7,548 new wallet creations after prices hit the $0.000033159 high. The upsurge matches surged engagements as the altcoin season narrative gains steam. Ripple’s XRP and Band Protocol witnessed similar trends, with 22,357 and 35 new address creations. Santiment added that the unprecedented network growth spikes highlight enhanced crowd engagement and euphoria. While increased retail activity could trigger volatile price actions in the near term, the trends suggest increased asset utility. IntoTheBlock data testifies to the increased address activity within the Shiba Inu blockchain. The project saw a 63% increase in new addresses within the past week, whereas active addresses surged by 58%. Further, zero-balance wallets increased by 62.01% in that timeframe, suggesting magnified liquidity and profit-booking after recent gains. Such trends are often visible during bull runs, confirming increased transaction volumes and speculative exits. Notably, price surges have historically followed these observations. SHIB’s price outlook The second-largest meme token by market value trades at $0.00002945, up over 70% on its 30-day chart. Source – Coinmarketcap SHIB appears to consolidate after hitting multi-month highs while still 22% up over the past seven days. Meanwhile, analysts remain bullish about SHIB’s performance. For instance, TSLA Tracker highlighted that Shiba Inu’s prevailing trajectory supports upside continuation to $0.00006937. $TSLA Tracker @SBZung · Follow I like $SHIB a lot from here: 5:54 PM · Dec 2, 2024 20 Reply Copy link Read 3 replies Such an uptrend would translate to a 136% gain from SHIB’s current prices. The indicators displayed mixed signals for Shiba Inu. The daily Relative Strength Index at 67 suggests that the asset is about to become overbought. That suggests potential retracements in the upcoming sessions. Meanwhile, the Moving Average Convergence Divergence supports bullish actions, with the MACD line above the signal line. Furthermore, SHIB’s 24-hour trading volume has plummeted by 56% to $2.70 billion, signaling waning interest from traders. Shiba Inu will likely correct after its massive upswings to 8-month highs. Nevertheless, broad market sentiments remain vital in the token’s trajectory. Cryptocurrencies exhibit significant bullishness as analysts predict an imminent altcoin season. That suggests that any declines could be short-lived, positioning SHIB for rapid rebounds upon price dips. Also, the increasing user base would be crucial in offsetting bearish tendencies and supporting stable long-term price actions. The post Shiba Inu outlook: Over 7,500 new wallets boost SHIB ecosystem as prices hit 8-month high appeared first on Invezz
Invezz 2024-12-03 12:02
SUI's next price move could be dependent on a few key things.
AMB Crypto 2024-12-03 12:00
While Bitcoin (BTC) has been generally volatile in recent days, altcoins are also affected by this. While some investors prefer to wait on the sidelines in the face of these volatile movements, large investors called whales continue to make altcoin transactions. At this point, cryptocurrency analysis company Santiment announced the 10 altcoins that experienced the highest increase in whale activity in its post. Santiment stated that altcoins continue to fly and announced the 10 altcoins that whales are turning to: “Altcoins continue to soar. Here are the top 10 notable altcoins that saw the biggest increase in whale transactions this week: 1-Fast Token – (FTN) 2-Ens – ENS 3-Trust Wallet –TWT 4-Layer Zero – ZRO (On Arbitrum) 5-Memecoin – MEME 6-Amp coin – AMP 7-Axelar – AXL 8-Layer Zero – ZRO (On Ethereum) 9-Curve Finance – CRV 10-Maker DAO – DAI” Finally, Santiment stated that high whale activity is generally a sign of price volatility for the relevant altcoins, and warned investors to be careful. https://twitter.com/santimentfeed/status/1863751613644517614 *This is not investment advice. Continue Reading: Santiment Announced 10 Altcoins That Whales Have Flocked to in Recent Days, Warned!
BitcoinSistemi 2024-12-03 11:50
Aave surpasses $31.4 billion in total deposits, surpassing many U.S. banks. Continue Reading: Aave Achieves Historic Deposit Milestone in Decentralized Finance The post Aave Achieves Historic Deposit Milestone in Decentralized Finance appeared first on COINTURK NEWS .
CoinTurk News 2024-12-03 11:44
The post Altcoins Surge 600%: Is This the Calm Before the Next Explosion? appeared first on Coinpedia Fintech News The crypto market’s been on fire lately, right? Since November 5, when Bitcoin kicked off its rally during the US elections, it’s been a wild ride. But what’s really interesting isn’t just Bitcoin—Ripple’s XRP, Cardano (ADA), and Stellar (XLM) have been climbing fast, too. The total market cap hit a whopping $3.48 trillion, leaving investors thinking, “Wait, could this rally keep going?” Let’s dive in and take a closer look at what’s happening with these altcoins. XRP’s Back—But Can It Keep Climbing? XRP is on a roll. It’s up a huge 467% since November 5, jumping all the way to $2.87, a price we haven’t seen since January 2018. While it’s still 31% below its all-time high, this is a major comeback. The token has been making waves, with a 17.64% price increase in the last 24 hours and trading volume surging by 36.12%. It’s even back to being the #3 cryptocurrency on CoinMarketCap. But here’s the thing—XRP might still have some room to grow. Could it eventually break its all-time high? Time will tell, but altcoins’ rally is definitely one to watch. ADA and XLM: Not Far Behind Cardano (ADA) has also been turning heads, rising 307% to $1.32 since early November. The latest stats show 79% of ADA holders are making a profit, though it’s still 59% below its ATH of $3.10. But, hey, Cardano’s fundamentals are strong, and that’s why investors are still excited about this crypto. Then there’s Stellar (XLM), which has really stolen the show with a 607% surge since November 5. The price is still 42% below its ATH, but a 27% increase in trading volume in just 24 hours shows that people are paying attention. What’s Next? So, after all these huge gains, the crypto market’s taking a bit of a breather. A lot of investors are locking in profits, which has led to a bit of stagnation. It’s easy to think the rally might be over, but historically, this is just the market cooling off before it can take off again. Santiment , through a post on X, shared that trader fatigue is starting to set in, and retail activity is slowing down. This isn’t necessarily a bad thing, though. It could be a sign that FOMO (fear of missing out) is out of the picture, which means more room for growth. Markets tend to surprise us, and sometimes, the quiet phases are the setup for the next big move. So, what’s going to happen next? It’s hard to say for sure, but the crypto world is unpredictable. Get ready, because this might just be the calm before another storm of gains for altcoins.
coinpedia 2024-12-03 11:25
CZ's cryptic "Alt" key post hints at Altcoin Season, with ASI at 81 showing altcoin dominance. Top performers include PNUT (2,309%), HBAR (601%), and XLM (490%). Read original article on coincu.com
Coincu 2024-12-03 11:19
Liquidity concentrated at $1.0 could attract the price before ADA attempts another upside rally.
AMB Crypto 2024-12-03 11:00
Former BitMEX CEO Arthur Hayes, known for his bold statements about Bitcoin and the cryptocurrency market, warned investors. Hayes urged investors to learn from EOS and avoid investing in overvalued projects. BitMEX co-founder Arthur Hayes has warned individual investors to avoid overvalued projects and make investment decisions with caution in a new article. In his new article, Arthur Hayes outlined the altcoin projects that investors should stay away from: “Retail crypto investors need to say no to: – VC-backed high FDV, low volatility projects – Primary listings of overvalued tokens on CEXs -Projects with low liquidity” Hayes emphasized that investors should be more careful and do good research when investing in the future, and gave the example of EOS Network, which he thinks had the most value-destroying and unsuccessful ICO. Hayes emphasized the importance of learning from failures like the EOS ICO. At this point, Hayes criticized EOS for being the most destructive ICO project of 2017, stating that EOS raised $4.1 billion in the ICO but then disappeared. “There were indeed a lot of obvious ‘junk projects’ in the 2017 ICOs. One of the most disruptive ICOs was EOS. Block.one raised $4.1 billion in crypto to build EOS, but EOS almost disappeared after it launched.” *This is not investment advice. Continue Reading: Arthur Hayes Revealed Cryptocurrency Projects That Investors Should Stay Away From, Gave an Altcoin as an Example!
BitcoinSistemi 2024-12-03 10:59
