Data shows Dogecoin and other meme coins are receiving a significant amount of attention on social media, a sign that may not be ideal for Bitcoin. Top 6 Memecoins Have Seen Their Social Dominance Rocket Up Recently In a new post on X, the analytics firm Santiment has discussed about the trend in the Social Dominance for a few different subsections of the cryptocurrency sector. The “Social Dominance” here refers to an indicator that basically tells us about the mindshare that a particular asset or a group of coins has on the major social media platforms right now. More formally, the metric’s value is calculated as a percentage of the discussions related to the top 100 cryptocurrencies by market cap that the given asset is making up for. To determine this, the indicator collects posts/threads/messages available on five platforms: X, Reddit, Telegram, 4Chan, and BitcoinTalk. It then filters them for the keyword in question. Note that for measuring the “discussion,” the metric simply counts up these posts containing at least one mention of the asset, rather than counting up the mentions themselves. The advantage of this methodology is that outlier posts containing hundreds of mentions don’t skew the data. Now, here is the chart shared by the analytics firm that shows how the Social Dominance related to three subsections of the market has changed over the last few months: The three segments in question are the layer 1 top six, the layer 2 top six, and the memecoin top 6. “Layer 1” networks refer to the primary blockchains that handle their own security, like Bitcoin and Ethereum. Networks like Polygon that are built on top of these chains are known as “layer 2.” Naturally, the meme coins refer to the popular meme-based tokens, like Dogecoin and Shiba Inu. From the graph, it’s apparent that the Social Dominance of the layer 1 top 6 had rocketed up a couple of days back as a result of Bitcoin setting multiple new all-time highs (ATHs). BTC has continued to explore new highs since then, but it appears that the focus of social media users has shifted elsewhere, with the Social Dominance of the layer 1 giants witnessing a cooldown. The indicator has stayed relatively low for the layer 2 coins throughout this, implying the traders haven’t been caring much about them recently. The assets that have hogged all the attention have been the memecoins, who have just seen their discussion hit a new record. The reason behind this high interest in these tokens is the impressive rally that Dogecoin has seen over the past week, leaving the rest of the sector in the dust after amassing profits of more than 104%. If the past is anything to go by, though, this outperformance may not be such a good thing. “Historically high speculative asset social dominance typically indicates greed and emotional trading,” notes Santiment. Assets in the cryptocurrency sector tend to move opposite to the crowd’s beliefs, so greed is something that has generally led to tops for the market. As such, it’s possible that a shift in focus away from Dogecoin may have to happen, if Bitcoin and others have to continue their bull run. Dogecoin Price At the time of writing, Dogecoin is trading around $0.398, up over 2% in the last 24 hours.

The Fed has announced a slower rate cut cycle due to recent economic growth. This has raised speculations on the possible impacts that could be expected in the crypto market. The Asian side of the world woke up to the crypto market’s slight dip in prices. However, on a positive note, prices have steadied their position in the bull run after recent rallies. This clears the path for more progressive growth in the coming days. Meanwhile, turning eyes to major propellants of the bull market, the USA gave a new update a few hours ago. The country’s leading economic regulator, Federal Reserve chair Jerome Powell, discussed the economy and inflation recently. During his speech, Powell stated that the US economy has shown growth along with a solid job market, and thus, interest rate cuts can be slowed down. On Thursday, in Dallas, the Fed Chair stated that the USA’s inflation rate had remained below 2%. These positive improvements suggest that we could proceed more carefully with interest rate cuts given the strong economy, said Jerome Powell. The Fed recently in the beginning of November, made its third interest rate cut. Furthermore, on reverting to the crypto market, the previous rate cuts resulted in upward price movements. Additionally, the November rate cut was one of the contributing factors to the Moonvember bull rally. Thus the recent announcement has raised speculations on how its impact would be in the crypto market. How Will the Crypto Market Receive Fed’s Rate Cut Pause? Assuming from historical data, Fed interest rate cuts have resulted in positive impacts on cryptocurrency prices. However, there have also been cases when it didn’t have any effects on the crypto market. Despite that, a continuous rate-cut cycle could be expected to propel prices further when combined with current bullish trends. Subsequently, a slower Fed rate cut cycle would mean the absence or a delay in a positive contributing factor. Leading cryptocurrencies would require to prolong the bullish trend without one additional propellant. Relatedly, a recent announcement revealed that several US states have filed complaints against the SEC headed by Chair Gary Gensler. On the other hand, the current crypto market, despite the aforementioned price dip, still remains within the limits of the bull run. Altcoins such as Ethereum and DOGE have continued to hold market attention with their price activity.

Eighteen states filed a lawsuit against the SEC for overreaching crypto regulation. The lawsuit argues the SEC’s actions infringe on states’ economic policies and federalism. Eighteen Republican-led states have filed a lawsuit against the Securities and Exchange Commission (SEC), accusing the agency of overstepping its authority in regulating the $3 trillion crypto industry. They argue that, as a result of the SEC’s enforcement tactics, their rights to manage economic policies are being infringed. Furthermore, the states claim these actions violate fundamental principles of federalism. The lawsuit claims the SEC’s aggressive enforcement under Biden’s administration harms the crypto sector and disrupts state economies. By targeting U.S.-based crypto firms without specific rules for digital assets. The lawsuit suggests that the SEC undermines the balance of power intended by Congress. This legal action was filed with support from the DeFi Education Fund, an organization advocating for effective policy in decentralized finance (DeFi). SEC’s Strategy Draws Criticism Under the Biden administration, the SEC has adopted a ruling by enforcement approach to crypto. Instead of creating specific rules, the agency has chosen to apply existing securities laws to crypto firms on a case-by-case basis. Moreover, SEC Chair Gary Gensler has been vocal about his stance, urging crypto platforms to register with the SEC. He likens these platforms to traditional exchanges to help prevent fraud and market manipulation risks. In defense of his approach, Gensler cited ongoing support from the courts during a recent address at the Practicing Law Institute’s conference. He arguedthat courts have consistently validated the SEC’s efforts to enforce securities laws. Meanwhile, President-elect Donald Trump has pledged to remove Gensler from his role on day one of his administration, marking a potential shift in the SEC’s approach to crypto. Republican attorneys general allege that Congress intentionally limited federal authority over digital assets, leaving regulatory decisions to the states. However, they claim the SEC has disregarded this intent, unlawfully extending its reach over the industry.

Singapore, Singapore, November 15th, 2024, Chainwire On November 15, MEET48 officially announced the launch of the “MEET48 Best7” voting event, which will run from November 15, 12:00, until January 14, 12:00 (UTC+8). During this period, fans will vote in stages, mint NFTs for free, and earn points through staking to select the best songs and groups of MEET48, creating a stellar Web3 stage for everyone who wanna be an idol. Additionally, interactive participants and holders of the WAND Blind Box NFT will secure exclusive future airdrop rights from MEET48. Following the “MEET48 Best7” voting event, MEET48 will release TGE-related information. Event Timeline First Phase Results: December 2 Second Phase Results: December 23 Final Results: January 14 How to Participate in Voting Earn Points Through Tasks: Fans can earn points by completing tasks in the MEET48 app, which can then be used for voting during the event. WAND NFT Blind Box Sale: A limited supply of 10,000 WAND Blind Box NFTs will be available for free, on a first-come, first-served basis, with a limit of one per person. NFT holders will also enjoy boosted point generation privileges. Voting: Voting has three steps. Fans can choose their favorite song, select performers, and choose the stage positions. Alternatively, a “Quick Vote” option is available, allowing fans to submit tickets for unknown songs and idols, adding an element of surprise to the event. Note: Only voting tickets issued during this event are valid; tickets from previous events cannot be used. Candidates and Rewards Candidates: Includes top-ranked SNH48 GROUP B50 members, newcomers & underground idols selected by MEET48. Top 7 Rewards: Top 1 to Top 7: Will receive exclusive MEET48 resources, promotional opportunities, stage performances, song behind-the-scenes videos, and global publicity rights. Top 1: Will also receive a special stage exposure opportunity and dedicated display time on overseas posters and screens. Independent Ranking for Newcomers and Underground Idols: Top 1 Group: Will receive an overseas performance opportunity, exclusive MEET48 behind-the-scenes video, and creator incentive airdrops. Top 2 Group: Will also receive corresponding rewards. On November 13, MEET48 hosted a live performance and fan meet-up with nine idols at the Bangkok International Trade & Exhibition Centre, Thailand. Voting Rewards To thank the active fanbase, this event includes a “Top Solo Supporter” reward system. Based on interaction frequency, users ranked Top 1 to Top 7 as “Top Solo Supporter” will receive bonus MEET48 points, with rewards up to 100,000 MEET POINTS. The “MEET48 Best7” voting event is a grand celebration of fan support and idol dreams, where each vote and show of support will help idols and newcomers with stage dreams shine in the Web3 world. Users can join the official MEET48 community (https://t.me/MEET_48), download the MEET48 app, and unlock more tasks and NFT benefits to start supporting their favorite idols. Additionally, MEET48.ai will be released this December, offering users low-barrier access to creative tools via Paro’s multi-modal AI music and dance data model and the AIShowBox platform. This allows for the creation of virtual idol content such as short videos, MVs, and live performances. Users can share this content on MEET48.ai to build their own virtual idol communities and earn additional rewards and MEET48 airdrop benefits. About MEET48 MEET48 is considered one of the largest Web3 application project teams globally, with a 500-member technology and development team and regional networks in Singapore, Hong Kong, Taipei, Tokyo, Seoul, and Dubai. Focused on AIGC (Animation, IDOL, GAME, and Comics) entertainment for Gen Z, MEET48 aims to drive large-scale social adoption of Web3 technology through an AI UGC content ecosystem and a graphic, intelligent metaverse social base. MEET48 Website: https://www.meet48.xyz Twitter (X): https://x.com/meet_48 Telegram: https://t.me/MEET_48 Discord: https://discord.gg/meet48 Contact Marketing Director Siyu Yang MEET48 [email protected]

Bitcoin (BTC) has recently experienced a massive surge, rising over 39% since November 5th to reach a new record high of $93,250 on Wednesday. However, the largest cryptocurrency by market capitalization has since experienced a pullback and is currently trading around $88,800. Market analyst Quinten Francois has suggested that this retracement could extend further, potentially dropping below the $80,000 mark due to a significant CME gap located beneath this level. 12% Retracement Ahead? CME gaps refer to price discrepancies on the Chicago Mercantile Exchange Bitcoin futures chart, where the closing price of one trading day differs from the opening price of the next. These gaps often arise following substantial price movements and are typically filled as the market stabilizes. Francois has identified a CME gap at the $78,000 level, which would represent a retracement of just over 12% from current prices if filled in the coming days. Such a correction could be healthy for BTC, as it often liquidates long positions, setting the stage for future upward movements. Historical patterns suggest that these pullbacks can provide the necessary liquidity for the cryptocurrency to advance further. However, if Bitcoin sees increased selling pressure at this level, additional support levels are identified at $72,000 and $69,000. The potential for a drop below these levels would take BTC back to the prices seen before Donald Trump’s election victory on November 5th, which many believe was a catalyst for the recent price spike. Could Trump’s Bitcoin Strategy Influence Future Price Movements During his presidential campaign, Trump continuously expressed his intention to support the growth of digital assets, positioning Bitcoin as a central element of his next administration’s economic policy. One of Trump’s promises includes establishing Bitcoin as a strategic reserve asset for the United States. Pro-crypto Senator Cynthia Lummis has taken this initiative to the Senate by introducing the Bitcoin Act, which aims to increase US Bitcoin reserves to 1 million coins, potentially reducing market supply and positively impacting the BTC price. Francois has also forecasted a bear market for the broader cryptocurrency sector, predicting it could emerge between 2026 and 2027. This suggests that the next two years will likely witness an extended bull run for Bitcoin and the overall digital asset ecosystem. However, the expert cautioned that if the $78,000 CME gap is not filled before a significant price rally, it may need to be addressed in the subsequent bear market phase, suggesting further price fluctuations ahead. Featured image from DALL-E, chart from TradingView.com

Bitcoin has reached a major milestone by surpassing the $90,000 price mark, marking a significant moment in its ongoing bullish rally. The price surge has drawn the attention of existing investors and attracted a new wave of market participants. This influx is evidenced by the increase in UTXO (Unspent Transaction Output) Age Bands. This metric tracks the distribution of Bitcoin holdings by age, according to an analysis shared by CryptoQuant analyst Shiven Moodley. This development reflects heightened interest and engagement in the Bitcoin market. Moodley’s analysis revealed that a high percentage of market participants are currently profitable, as indicated by the UTXO profit percentage metric. However, despite this strong market performance, long-term holders appear to maintain their positions even as the derivatives market becomes increasingly leveraged. Profitability Metrics Signal Market Momentum One of the key insights highlighted by Moodley is the positive Spent Output Profit Ratio (SOPR). This indicator suggests that many Bitcoin transactions are occurring at a profit, reflecting an optimistic market sentiment and providing a foundation for potential further price increases. However, Moodley pointed to a developing “mania phase” in the market, evidenced by the growing number of options market call contracts set to expire over the next two months. This surge in call contracts indicates that many traders are betting on continued upward momentum, potentially driving further speculative activity. The CryptoQuant analyst also discussed the implications of probability models that track Bitcoin’s price movements over time. According to these models, with a lag of 500 days, Bitcoin has breached two standard deviations at the $90,000 level. The next significant price marker, represented by the third standard deviation, according to Moodley is currently projected to be around $101,000. This suggests that, while Bitcoin’s current upward trajectory is notable, the potential for further price gains remains. Bitcoin Market Performance Bitcoin appears to be now seeing a cool off in its recent bullish momentum. Particularly, following a consistent week of new highs reaching a peak of $93,477 yesterday, BTC has since faced a major pullback in price, bringing its price to trade as low as below $89,000, as of today. At the time of writing, the asset currently trades for $88,878, down by 2.9% in the past day. Regardless, BTC seems to still be in an uptrend with a past week performance of nearly 20%. Notably, while the market environment still reflects strong bullish sentiment, there are risks to be aware of. As highlighted by Moodley, the increased leverage in the derivatives market, combined with rising call options activity, could lead to heightened volatility in the BTC market. Overleveraged markets are historically prone to corrections, especially when market sentiment shifts rapidly. Therefore, while many market participants may currently be in profit, maintaining caution is worth considering. Featured image created with DALL-E, Chart from TradingView

The massive Bitcoin (BTC) rally following Donald Trump’s victory in the US presidential election is beginning to show signs of slowing down, particularly in the derivatives market, as evidenced by the leading digital asset’s retreat below the $90,000 mark on Thursday. Bitcoin Experiences Significant Liquidation Activity According to Bloomberg data, the premium for CME-listed Bitcoin futures contracts—commonly used by institutional investors to speculate on price movements—has decreased, indicating a potential shift in market sentiment. K33 Research notes that the basis, or the difference between the futures price and the spot price, has dropped to around 10% after previously hovering between 13% and 16% since the election. Vetle Lunde, head of research at K33, remarked, “Markets seem to be cooling down… that might have been a subtle hint of moderating risk profiles.” This shift suggests that investors may be reassessing their strategies in light of the recent price volatility. Currently, Bitcoin is trading at $87,970, down from its all-time high of $93,462 reached just a day ago. Since Trump’s election victory, the cryptocurrency has seen an increase of over 30%. However, this rally has been accompanied by significant liquidation of leveraged bullish positions. In the past 24 hours, liquidations of long positions—those betting on price increases—totaled $447 million, compared to $207 million for bearish bets. Renewed Trader Interest Profit-taking is also contributing to the recent downturn, particularly as Bitcoin approached the $90,000 mark, which has historically been a significant level for open interest in call options. James Davies, CEO of Crypto Valley Exchange, noted, “Crazy speculative days in the market, big profit taking in the last few hours… $90k is a massive level in the call options open interest.” The rally has primarily been fueled by fresh demand in the spot market, evidenced by substantial inflows into exchange-traded funds (ETFs) backed by Bitcoin and relatively moderate leverage among traders. Interestingly, the funding rate for Bitcoin perpetual futures on offshore exchanges rose after falling earlier in the week, indicating renewed interest among traders after the so-called “Trump trade” catalyst. Options traders are increasingly optimistic, with growing interest in calls with strike prices at $110,000 and $120,000, according to data from Deribit. As Davies commented, “It’s all pure speculative trading right now, expect lots of volatility and a lack of clear signals for a while whilst we wait for policy announcements in the U.S.” As the market approaches the expiry of November options, all eyes will be on whether the $90,000 price point will serve as a resistance level or if Bitcoin can surpass it once again. Featured image from DALL-E, chart from TradingView.com

BNB price struggled to clear the $665 resistance zone. The price is consolidating and might aim for a fresh increase above the $635 level. BNB price started a downside correction from the $665 resistance zone. The price is now trading below $640 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $620 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $600 level to start another increase in the near term. BNB Price Holds Support After a close above the $620 level, BNB price extended its increase. However, upsides were limited above $660 and the price remained capped, unlike Ethereum and Bitcoin. There was a move below the $632 and $620 levels. However, the price is now holding gains above the $600 level. A low was formed at $616 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $661 swing high to the $616 low. The price is now trading below $620 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $620 on the hourly chart of the BNB/USD pair. If there is a fresh increase, the price could face resistance near the $626 level. The next resistance sits near the $638 level or the 50% Fib retracement level of the downward move from the $661 swing high to the $616 low. A clear move above the $638 zone could send the price higher. In the stated case, BNB price could test $650. A close above the $650 resistance might set the pace for a larger move toward the $665 resistance. Any more gains might call for a test of the $680 level in the near term. More Losses? If BNB fails to clear the $638 resistance, it could start another decline. Initial support on the downside is near the $620 level and the trend line. The next major support is near the $615 level. The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $620 and $615. Major Resistance Levels – $638 and $650.

Peanut the Squirrel has rapidly gained prominence in the cryptocurrency sector, establishing itself as a leading memecoin on the Solana blockchain. Within a 24-hours span, PNUT surged almost 200% to attain an all-time high price of $2.4 on November 14, before stabilizing at approximately $2.23. This rapid ascent has rendered it the highest daily gainer and elevated its market capitalization to about $1.8 billion, securing its position within the top 50 cryptocurrencies. The Excitement Surrounding The Increase: The Elon Musk Influence The increase in PNUT’s price can be mostly ascribed to a tweet from Elon Musk, in which he remarked, “America was saved by a squirrel and a meme coin!” This tweet rapidly gained popularity, akin to the other endorsements made by Elon Musk that have propelled other memecoins, such as Dogecoin, to new heights. The origin of PNUT enhances its appeal; it was established in reaction to popular indignation about the euthanasia of a pet squirrel named Peanut by New York City’s Department of Environmental Conservation. This occurrence elicited extensive sympathy and discourse on social media channels, highlighting the token. Apart from the influence of Elon Musk, PNUT has profited from the broader increase in the bitcoin market, partly resulting from recent political developments following the triumph of the Republicans in the US elections. While these factors are associated with a period of increased market activity and speculation, many investors are now turning their attention to PNUT in anticipation of possible gains. PNUT: Trading Activities And Market Positioning The escalation of the trading volume of the meme coin courtesy of an Elon Musk social media post, however, increased by nearly 280% during the same 24-hour period making it approximately $5.75 billion. This upsurge in trading activity is indicative of the strong fervor and expectation level possessed by investors towards the token’s future performance. Subsequent to its recent debut on Binance, PNUT has garnered attention and is currently ranked as the third-largest memecoin on Solana, following established entities such as dogwifhat (WIF) and Bonk (BONK). Market analysts exhibit optimism regarding PNUT’s future prospects. Technical indications indicate a bullish trend, with forecasts suggesting a potential 300% gain in value in the forthcoming days. Should PNUT surpass its existing resistance level of $2.3, it could facilitate the attainment of elevated ambitions. The Road Ahead Many investors want to find out if PNUT can keep its momentum and reach fresh highs. There is clear excitement about this memecoin; some estimate it may hit $6 immediately if it continues its increasing trend. All cryptocurrencies still naturally have volatility, though. Peanut the Squirrel’s rise reflects bitcoin’s rapid wealth swings. PNUT’s unique tale and solid sponsorships have drawn cryptocurrency newcomers and veterans. As the story progresses, PNUT’s ability to dominate the ever-changing digital asset market will be highlighted. Featured image from Pexels, chart from TradingView

XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone. XRP price started a strong increase above the $0.720 resistance. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.7400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.7240 support zone. XRP Price Gains Strength XRP price remained supported above the $0.620 level. It formed a base and started a strong increase above $0.7000. It outperformed Bitcoin and Ethereum in the past two sessions, with a move above the $0.740 resistance. The price even climbed above the $0.850 level before the bears appeared. A high was formed at $0.8989 before there was a pullback. The price dipped below $0.820 and tested $0.720. It tested the 61.8% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. The price is now trading above $0.750 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.740 on the hourly chart of the XRP/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $0.6700 swing low to the $0.8989 high. On the upside, the price might face resistance near the $0.8450 level. The first major resistance is near the $0.8880 level. The next key resistance could be $0.900. A clear move above the $0.900 resistance might send the price toward the $0.9250 resistance. Any more gains might send the price toward the $0.9550 resistance or even $0.9620 in the near term. The next major hurdle might be $0.9850. Are Dips Limited? If XRP fails to clear the $0.8450 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.80 level. The next major support is near the $0.7550 level. If there is a downside break and a close below the $0.7550 level, the price might continue to decline toward the $0.740 support in the near term. The next major support sits near the $0.7240 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.8000 and $0.7550. Major Resistance Levels – $0.8450 and $0.8880.

Memelandia, a decentralized hub aimed to grow its meme coin environment, introduced by the Open Network (TON). This initiative makes use of TON’s Telegram integration to boost meme activity on the platform. Additionally, TON Memelandia announced the start of its Memecoin Battles, in which memecoin communities, token developers, and traders would vie for a piece of the potential $1,250,000 prize pool. Two high-stakes contests, Cabal Arena and Memecoin Mountain, will be part of the first season. Their purpose is to evaluate players’ abilities and level of involvement in the rapidly expanding memecoin market. The four-week Memecoin Battles are scheduled to begin the week of October 28, 2024. Applications will be accepted until one week before to the competition’s conclusion. TON claims that Memelandia is a decentralized space that fosters innovation, competition, and success for meme coin communities. Because of the fervor of cryptocurrency degens, it provides a special setting for the growth of meme tokens. Memelandia offers a number of important platforms that promote cooperation and rivalry among fans of meme coins. Launchpad Lair is one such platform that allows token deployers to introduce new meme coins. Meme battles between communities, creators, and merchants take place in other locations, such Meme Mountain and Cabal Arena. The Lagoon of Digital Resistance, Memecoin Armory, and Community Forest are more platforms. Communities vie to grow their meme coin on Memelandia, which boosts decentralized exchange (DEX) listings, volume, market capitalization, and engagement. Airdrops and other incentives are given to communities who do well. Additionally, the platform will showcase tools for creators and traders, such as launchpads and trading bots. It will also encourage community involvement and provide marketing assistance to spread awareness of meme tokens beyond TON. The Cabal Arena Teams, known as “Cabals,” will compete in the Cabal Arena by trading and deploying memes in an effort to achieve the largest trading volume and profit and loss (PnL). Up to $750,000 in rewards will be distributed to the top 10 Cabals, and some of the largest market makers in Web3 will be taking part as “secret agents” to test the Cabals’ trading prowess and provide mentoring in order to guarantee intense competition. Memecoin Mountain Memecoins will compete with each other in this competition according to key performance indicators such market capitalization, holder growth, trading volume, and social engagement. Notable and well-known tokens including $DOGS, $REDO, $FISH, and $durev are expected to participate, along with additional possible candidates launching on TON. The most active members of the community will get a portion of the $500,000 milestone-based reward pool when the fight is over. This pool will be unlocked if the community reaches the greatest trading volume milestone in both battles. Remarkable Feat One of the best-performing projects in the Cabal Arena has reached an impressive $100 million market cap in only 11 days, which is a record for meme coins established on TON’s memepad. This is a fantastic milestone for TON Memelandia. Notably, last week NikolAI TONcoin was already identified as a top performer. Backed by DWF Labs, this meme coin was one of the first to be introduced on TONPump, and its quick rise demonstrates the intense competition and interaction that propel TON’s meme coin ecosystem. This significant achievement demonstrates the possibility for large profits as well as the vibrant community that TON Memelandia cultivates via its own, decentralized competitions. With the promise of substantial rewards, exciting live competition, and huge airdrops, the Memecoin Battles offer fans a one-of-a-kind opportunity to showcase their skills.

TA, IL, November 14th, 2024, Chainwire Following a notable rise in the visibility of $PEPE within the digital asset market after its listings on Coinbase and Robinhood, attention is now turning to Pepe Unchained and its native token, $PEPU. Positioned as an innovative extension of the meme-inspired asset landscape, Pepe Unchained is launching new initiatives aimed at building a sustainable ecosystem for $PEPU, emphasizing utility, community engagement, and long-term growth potential. https://x.com/pepe_unchained/status/1839304995465998825 The Pepe Unchained team has recently introduced strategic updates and partnerships designed to elevate the value and utility of $PEPU within its ecosystem. These developments include enhancements to $PEPU’s interoperability, accessibility, and functionality, making it a versatile digital asset within the evolving decentralized landscape. Through advanced developer tools, optimized transaction capabilities, and a robust community rewards system, Pepe Unchained aims to establish $PEPU as a prominent player, leveraging the community interest generated by $PEPE’s popularity. The focus is on creating a platform that brings real utility to $PEPU while offering value-driven engagement for our community, the whitepaper explains. The updates are designed to build a strong, resilient ecosystem around $PEPU that provides meaningful benefits to both existing and new participants. Pepe Unchained is also exploring partnerships with decentralized applications and other blockchain-based solutions to enhance $PEPU’s utility and integrate it more effectively within the broader ecosystem. Through these initiatives, the platform aims to foster sustained engagement and participation, with a clear emphasis on value and functionality. For additional details on Pepe Unchained and the latest developments surrounding $PEPU, visit pepeunchained.com. https://x.com/pepe_unchained/status/1856661613618823349 About Pepe Unchained Pepe Unchained is a decentralized platform inspired by meme culture, focused on community engagement and sustainable growth within the digital asset space. Featuring $PEPU as its native token, Pepe Unchained offers an ecosystem designed to maximize utility and participation, catering to digital asset enthusiasts seeking both community and functionality. Contact reut Chainwire [email protected]

Ramat Gan, Israel, November 14th, 2024, Chainwire Layer-3 Blockchain Brings High-Speed, Stable, Zero-Gas Transactions and a Complete Web3 Ecosystem Bridging Web2 and Web3 Playnance, a leader in Web3 technology, announces the launch of PlayBlock, a cutting-edge Layer-3 blockchain that is transforming the landscape for trading, gaming, and decentralized finance (DeFi). With PlayBlock as the foundation, Playnance aims to drive mass Web3 adoption by offering zero-gas transactions, USD-pegged stability via USDP, and seamless Ethereum Virtual Machine (EVM) compatibility to provide users with a smooth, accessible path from Web2 to Web3. The Playnance Ecosystem: Five Core Components to Drive Mass Web3 Adoption Playnance has developed a cohesive ecosystem centered around five integrated components, each designed to simplify and enhance the Web3 experience: 1. PlayBlock Blockchain: A high-speed, EVM-compatible, gas-free blockchain supporting up to 40,000 transactions per second (TPS). PlayBlock, built with Arbitrum Orbit and Gelato’s Rollups-as-a-Service, ensures fast, scalable transactions suited for both gaming and trading. 2. Playnance Studio: A Web3 gaming studio offering a collection of blockchain games built on PlayBlock, delivering secure, transparent, and engaging experiences. 3. Playnance Bridge (CoinsExchange.com): Powered by the Playnance Bridge on CoinsExchange.com, users can effortlessly swap assets with zero in-and-out fees, providing an affordable entry to the Playnance ecosystem. 4. PlayWall Wallet and dApp Store: A decentralized wallet and application hub for PlayBlock dApps, PlayWall simplifies the storage and management of digital assets and will soon launch as a one-stop destination for Web3 applications. 5. Playnance Partners: A partner network offering white-label solutions and development support, enabling businesses to integrate with Playnance’s ecosystem and connect with a growing Web3 audience. PlayBlock Benefits for Traders, Gamers, and Developers For Traders Zero-Gas Fees: PlayBlock’s gas-free transactions make Web3 trading affordable and accessible. USD-Pegged Stability: PlayBlock uses USDP, a stablecoin pegged to USD, to provide reliable, secure transactions. High-Speed Transactions: Supporting high-frequency trades, PlayBlock’s infrastructure is optimized for both professional and retail trading. For Gamers Cost-Free Play: Gas-free interactions allow users to engage in GameFi without extra costs, enabling a more inclusive experience. Transparent and Fair: All gameplay and transactions are secured on-chain, ensuring a fair and trustworthy environment. PlayWall dApp Store: The soon-to-launch PlayWall dApp Store will provide easy access to all PlayBlock-based games and applications. For Developers and Partners Developer-Friendly, EVM-Compatible Platform**: PlayBlock supports Solidity and provides comprehensive SDKs and APIs for efficient integration. Partnership and White-Label Solutions: Playnance Partners offers extensive support for businesses looking to expand their reach into Web3 through white-label solutions. Playnance’s Vision: Driving Web3 Adoption from Web2 to Web3 PlayBlock and the Playnance ecosystem were developed to make Web3 accessible, scalable, and user-friendly,” said Pini, CEO of Playnance. “With offices in Ramat Gan, Israel, and Dubai, UAE, we’re committed to bridging Web2 users into the decentralized world through an ecosystem that combines zero-gas transactions, stablecoin reliability, and innovative blockchain technology. About Playnance Playnance, headquartered in Ramat Gan, Israel, with offices in Dubai, UAE, is a comprehensive Web3 ecosystem focused on transforming the user experience in trading, gaming, and DeFi. By integrating zero-gas transactions, USDP stablecoin, and EVM compatibility within the PlayBlock blockchain, Playnance is dedicated to creating a seamless, accessible transition to Web3 for a global user base. For more information on PlayBlock and the Playnance ecosystem, users can visit PlayBlock’s official website or join PlayBlock’s community. Contact Founder,CEO Pini Peter Playnance [email protected]

Ethereum price started a downside correction below the $3,250 zone. ETH is now consolidating near $3,000 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,250 zone. The price is trading above $3,200 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,000 zone. Ethereum Price Hits Support Ethereum price failed to extend gains above the $3,450 zone and started a downside correction like Bitcoin. ETH declined below the $3,320 and $3,250 support levels. The bears even pushed the price below the $3,120 zone. It tested the $3,000 support zone. A low was formed at $3,031 and the price is now consolidating losses. It might soon test the 23.6% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,120 level. The first major resistance is near the $3,200 level. There is also a connecting bearish trend line forming with resistance at $3,185 on the hourly chart of ETH/USD. The main resistance is now forming near $3,265 or the 76.4% Fib retracement level of the recent decline from the $3,340 swing high to the $3,031 low. A clear move above the $3,265 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,450 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,200 resistance, it could continue to move down. Initial support on the downside is near the $3,040 level. The first major support sits near the $3,000 zone. A clear move below the $3,000 support might push the price toward $2,950. Any more losses might send the price toward the $2,880 support level in the near term. The next key support sits at $2,740. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,040 Major Resistance Level – $3,200

Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge. Low Profit-Taking For Bitcoin In Current Cycle According to a recent report by Glassnode, the current BTC price momentum is primarily driven by strong spot demand and rising institutional interest. Particularly, the victory of Republican US presidential candidate Donald Trump has added optimism to the digital assets industry. The report highlights that over 95% of Bitcoin’s supply is currently in profit. However, despite the high proportion of profitable holders, profit-taking has remained relatively muted during this cycle. Historically, monthly profit realization has typically ranged between $30 and $50 billion during previous Bitcoin ATH cycles. The current price discovery phase has seen about $20.4 billion in realized profit. This relatively low profit-taking level in the current BTC ATH cycle suggests further room for the BTC price to rise, potentially reaching the $100,000 milestone before demand wanes. The chart below shows the cost basis of new BTC investors, along with upper and lower statistical bands. According to the report, during an ATH phase, BTC’s price repeatedly tests the upper bands as new investors enter the market at higher price points. As can be inferred from the above chart, BTC’s current spot price of $91,199 is just below its upper band of $94,900. Keeping track of price movement between these bands can show when the market price might be high enough to force existing holders to sell their holdings. Excess Leverage Must Be Flushed Before $100,000 BTC While BTC is trading less than 10% below the $100,000 level, industry experts opine that excess leverage must be flushed out before the top digital asset attempts to hit the 6-figure target. Data from Coinglass shows that more than $718 million worth of crypto contracts were liquidated in the past 24 hours, impacting 202,074 traders. Notably, contract liquidations were split pretty evenly between longs and shorts – 49.93% vs 50.07%, respectively – indicating that despite the strong bullish sentiment, there is no clear trading advantage. Some industry leaders remain optimistic about BTC’s future price action. In October, the BTC mining firm CleanSpark CEO said that the premier digital asset may peak at $200,000 in the next 18 months. Similarly, BitMEX co-founder Arthur Hayes recently predicted that BTC may hit $1 million under the Trump administration. BTC trades at $91,199 at press time, up 3.9% in the past 24 hours.

Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term. Bitcoin started a downside correction from the $93,450 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $87,000 zone. Bitcoin Price Starts Downside Correction Bitcoin price attempted more gains above the $93,000 level. BTC traded to a new all-time high at $93,435 and recently started a short-term downside correction. There was a minor decline below the $90,000 level. The price even dipped below the $88,000 level. A low was formed at $86,621 and the price is now consolidating. It is slowly moving higher and trading near the 23.6% Fib retracement level of the downward move from the $93,435 swing high to the $86,621 low. Bitcoin price is now trading above $87,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $90,000 level. There is also a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $93,435 swing high to the $86,621 low. The first key resistance is near the $90,850 level. A clear move above the $90,850 resistance might send the price higher. The next key resistance could be $91,500. A close above the $91,500 resistance might initiate more gains. In the stated case, the price could rise and test the $93,450 resistance level. Any more gains might send the price toward the $95,000 resistance level. More Downsides In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $87,150 level. The first major support is near the $86,500 level. The next support is now near the $85,280 zone. Any more losses might send the price toward the $82,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 80 level. Major Support Levels – $87,150, followed by $86,500. Major Resistance Levels – $90,000, and $91,500.

In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after decisively breaking above the multi-year resistance at $0.6649, a move that has been further substantiated by two consecutive daily closes above this key level. XRP Price To Reach $1.03 This Week? A “bull flag” pattern occurs when the price of an asset moves sharply higher, then consolidates in a narrow, downward-sloping range, resembling a flag on a pole. This pattern is typically considered a continuation pattern, suggesting that after the consolidation phase, the price is likely to break out upward in the direction of the initial sharp movement. In the context of XRP, the flagpole was formed by the steep price increase from $0.52 leading up to the break above $0.6649. Furthermore, Dark Defender points out the Relative Strength Index (RSI), which is currently in the overbought territory at 84. An overbought RSI often indicates that the asset might temporarily pause or consolidate due to short-term selling pressure as traders take profits. This aligns with the expectation of the consolidation phase of the bull flag pattern. However, an overbought RSI in the context of a bull flag pattern can also indicate strong underlying momentum, suggesting that once consolidation is complete, a breakout to the upside could follow. Dark Defender highlights the next substantial price target at $1.03, which could be achieved swiftly if XRP manages to ascend beyond the immediate resistance near $0.7496. Specifically, touches or minor closings above $0.7496, with potential surges to $0.76 or higher, are deemed critical for this bullish scenario to unfold. Should these conditions be met, Dark Defender expects that the price of XRP could rally to $1.03 within this week. Notably, the analysis also rests on the understanding of Fibonacci levels, which are used extensively in crypto trading to predict potential support and resistance levels based on prior market movements. The level at $0.6649, now surpassed, could likely serve as a 70.20% retracement from the previous market high to low. If this level is breached to the downside, the bull flag pattern could extend more to the downside. Then, the 61.80% and 50% Fibonacci levels at $0.6044 and $0.5286 could serve as a support zone from which the XRP price could escalate above $1. The analyst states: “XRP closed 2 days in a row above $0.6649. Now we can say this Fibonacci Level is dead, too. There are no more substantial levels than this until $1.03. If we see touches above $0.7496, such as $0.76 or more, we can quickly expect the $1.03 this week.This is not financial advice but my expectation. Remember, XRP broke the multi-year (7) resistance of $0.6649 in NOVEMBER 2024.” At press time, XRP traded at $0.7086.

Driven by bullish market sentiment following Donald Trump’s win in the concluded US Presidential election, the Dogecoin price has been steadily increasing, aiming to break through the $0.4 resistance level. A crypto analyst of Trading View has discussed several factors that could propel the Dogecoin price even higher, potentially hitting the $1 mark in this bull market. Key Drivers To Send The Dogecoin Price To $1 A recent post on TradingView discusses the potential for the Dogecoin price to soon hit the coveted $1 milestone. Presenting compelling factors, the report suggests that Dogecoin could see its price surging to $1 with the influence of SpaceX and Tesla CEO Elon Musk. To put it more clearly, TradingView has revealed that Musk’s steadfast support and devotion to DOGE could allow the meme coin to steadily grow to a $130 billion market capitalization, representing a $1 price surge. In addition, Dogecoin‘s increasing popularity in the financial space is also set to catalyze a potential price surge. Currently, Dogecoin is one of the most talked-about meme coins in the market, as the cryptocurrency has among the top gainers in this bull market. With more users and investors flooding into the DOGE ecosystem, demand and adoption are poised to rise, potentially triggering a major price spike. According to CoinMarketCap, the Dogecoin price has increased by a staggering 250% in just one month. This massive price surge saw the meme coin jump from around the $0.2 price level to new highs around $0.4. TradingView’s report noted that many analysts foresee the Dogecoin price hitting the $1 price tag in the near future. Notably, Jeremy, a prominent crypto analyst, told his 180,300 followers on X (formerly Twitter) that the Dogecoin price is gearing up to reach $1, driven by Musk’s support and the integration of the meme coin in America’s economy. Other X crypto analysts like ‘Bark’ have projected even higher price surges for DOGE, believing it could rise to $10. DOGE Outperforms Bitcoin During its report, TradingView also revealed that the Dogecoin price is currently outperforming Bitcoin by 150%. As mentioned earlier, Dogecoin has been on a parabolic run recently, jumping 110% in just one week while still accumulating gains as of writing. TradingView’s report revealed that following Trump’s Presidential win in the concluded US election, the Dogecoin price rallied 180%. This massive price surge outperformed Bitcoin, which grew only 30% within the same period. While Bitcoin’s price is significantly larger than DOGE and has successfully achieved a new ATH, DOGE, with a lower price of around $0.4, is viewed as a more accessible and profitable option for smaller investors. Despite the clear gains in the Dogecoin price, analysts from TradingView caution against jumping headfirst too quickly. They warn that downturns remain possible and low prices can be deceptive.

Solana recently broke its yearly high at $210, sparking a surge in trading activity as the altcoin now attempts to consolidate above this key level. This period of volatile price action highlights Solana’s strong position within the market, as investors watch for signs of a further breakout. Top analyst and investor Immortal recently shared an insightful technical analysis comparing Solana’s chart to Bitcoin’s historical price movements, suggesting that Solana’s next breakout may be imminent. As the market reaches new highs, Solana’s ability to hold above $210 could indicate strength, drawing in additional interest from retail and institutional investors. In the coming days, Solana’s price action will likely clarify whether this consolidation phase is merely a pause before a more substantial move. With the broader crypto market reaching unprecedented levels, Solana is positioned at a critical juncture, and traders will closely monitor its performance for signs of a continuation of its upward trajectory. Solana Preparing For A Rally Solana appears poised for a significant rally, having broken out of an 8-month accumulation phase that began in March. This critical development has caught the attention of top analyst and trader Inmortal, who shared an analysis on X, comparing Solana’s recent chart patterns to those of Bitcoin. His technical perspective suggests that Solana mirrors Bitcoin’s past price movement and could be on the cusp of a substantial surge. Following its break above the yearly high of $210, Solana’s next target is likely to be its all-time high of $258. This level is viewed by many as a critical resistance, and a successful test could pave the way for even greater price gains. The breakout from such an extended accumulation phase has bolstered confidence in Solana’s bullish structure, and the market is closely watching for signs of sustained momentum. The timing of this potential move is also strategic. As Bitcoin consolidates just below its all-time high, a period of stability could provide the perfect window for altcoins, particularly Solana, to gain traction. This pause in Bitcoin’s rally allows liquidity to shift toward other strong projects, positioning Solana well for a possible continuation of its upward trend. The next few days will be pivotal for Solana as traders look to see if it can sustain support above $210. If Solana holds this level and momentum remains, a push toward the $258 all-time high could unfold rapidly, further solidifying its role as a leading altcoin in the market’s current bull phase. SOL Testing Last Supply Levels Before ATH Solana is currently trading at $220, having broken its yearly highs, yet it’s now encountering some volatility as traders assess the next move. With SOL just 17% away from its all-time high of $258, many are watching closely to see if it can sustain this momentum without giving traders any lower entry points. The $210 support level is particularly crucial in the coming days. If SOL fails to hold above this mark, a short-term correction could drive prices lower, potentially offering some breathing room for buyers looking to enter before the next rally. However, should SOL remain steady above $210, the likelihood of a rapid push to new highs becomes even stronger, as it signals ongoing bullish strength in a market eager for upward movement. As Solana continues to consolidate at these elevated levels, a decisive break could ignite a swift rally, drawing in both retail and institutional interest. Traders are preparing for either outcome: a brief correction as a buying opportunity, or a breakout that takes Solana into uncharted territory, setting new highs and reaffirming its place among top-performing altcoins this cycle. Featured image from Dall-E, chart from TradingView

Solana (SOL) is gaining momentum once more, with bullish energy pushing it higher as it aims for the next major resistance at $240. Following recent consolidations, SOL has surged onto traders’ radars with renewed buying interest, sparking optimism that the climb will continue. With market sentiment turning increasingly favorable and technical indicators pointing toward further gains, all eyes are on SOL’s potential to break through its next significant threshold. Could this be the start of a rally that propels Solana to new heights? As bullish momentum builds, this article delves into Solana’s recent price action to evaluate whether its current upward trajectory has the strength to drive it toward the $240 mark. We’ll assess SOL’s capacity to sustain its rally and reach this pivotal price target by analyzing key technical indicators, market dynamics, and support and resistance levels. Exploring The Factors Behind SOL’s Uptrend Solana is currently trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart, a clear indication of upside strength. After experiencing a brief pullback to the $200 level, SOL has regained strength, with renewed buying interest pushing it toward the next key resistance at $240. This upward movement suggests that the bulls are in control, and if SOL can maintain its momentum, it could soon challenge and possibly break through the $240 level, opening the door to further gains. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the RSI has risen above the 50% threshold after dipping below it, signaling a shift in market sentiment. If the RSI continues to rise and stays above 50%, it points to the potential for more price growth and continued confidence in the price’s ability to gain. Additionally, the daily chart reveals that Solana is experiencing strong upside movement, reflected in the formation of bullish candlestick patterns. With the asset trading above the key 100-day SMA, its positive trend is further validated. As SOL maintains this trajectory, it bolsters market confidence, setting the stage for more gains as it eyes the $240 target. Lastly, the RSI on the daily chart is at 71%, showing strong optimistic sentiment after recovering from a dip to 69%. This rebound indicates a resurgence in buying pressure, suggesting a shift toward a more positive market outlook. The RSI’s constant increase signals that the asset may maintain its upward trajectory, supporting the ongoing bullish trend and paving the way for additional gains. Can Solana Break Through Resistance On Its Path To $240? Solana is currently demonstrating strong bullish momentum, holding above the crucial 100-day SMA and recovering from recent pullbacks. As SOL advances toward the $240 target, a breakout above this level could trigger an extended buying pressure, propelling the price toward its all-time high of $260. However, failure to break above the $240 resistance could cause a decline, with the price targeting the $209 level and other support ranges further down.