Crypto investors are getting excited about the latest price surge of Bitcoin, which occurred only days after the US election, fueled by favorable market sentiment toward the digital currency industry. Long-term holders of the firstborn cryptocurrency are now becoming interested in Bitcoin, as the digital coin is fast approaching the much-anticipated $90,000 mark. $90K Is Just Around The Corner Data showed that BTC’s price continues to surge, and analysts are confident that it will hit the $90,000 level sooner than expected. Just several days after Donald Trump reclaimed the White House, Bitcoin price has been moving upward as the upcoming administration offers a favorable treatment of the cryptocurrency sector. For the first time, Bitcoin went beyond the $87,000 mark after reaching $87,198, which more than doubled the $37,000 recorded 12 months ago. Then, it slightly slipped a bit on Monday. In early Tuesday, BTC once again hit another all-time high when the coin hit $89,804, which raised its total market value to a whopping $1.77 trillion. The leading crypto asset saw a gentle drop as long-term holders started to make movements. At the time of writing, Bitcoin price is pegged at $88,800. The alpha coin hit a new all-time high on Monday. On Bitstamp, BTC registered $89,899. Analysts also noted that as BTC’s price moves upward so does its daily trading volume increases with a current value of $133 billion. Bitcoin: The Domino Effect Analysts said that the positive sentiment on Bitcoin is also having a domino effect on the entire cryptocurrency sector. Its price surge is also pulling the price of other digital currencies worldwide. CoinGecko noted that in the past 24 hours, the market capitalization of the global cryptocurrency was boosted by 4.7% and now boasted a record high of $3.11 trillion. In addition, in the past week, the crypto market has already experienced a massive $765 billion increase. In another report, crypto analysts said that crypto-related investment products recorded the virtual coin’s highest year-to-date inflows of about $31.3 billion, and the total amount of assets under management hit $116 billion. The ‘Trump Pump’ City Index senior market analyst Matt Simpson called the recent price movement in the cryptocurrency market a “Trump Pump”, explaining that many investors are betting that the Trump administration will pave the way for more cryptocurrency adoption. Meanwhile, other analysts credited the positive sentiment on the crypto market as brought about by the promise of a more deregulated industry. Lazard chief market strategist Ronald Temple said the incoming US president promised to dismiss the current head of the US Securities Exchange Commission (SEC), Gary Gensler, on the first day of his office. The SEC has been pushing for the implementation of more rigorous regulations on cryptocurrencies, a move being criticized by crypto investors and entrepreneurs. Featured image via Grok, chart from TradingView

In his latest essay titled “Black or White?”Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, lays out an analysis predicting that Bitcoin could soar to $1 million. Hayes argues that forthcoming US economic policies under the second term of Donald Trump could set the stage for unprecedented Bitcoin growth. Hayes draws parallels between the economic strategies of the United States and China, coining the term “American Capitalism with Chinese Characteristics.” He suggests that, similar to China’s approach under Deng Xiaoping and continued by Xi Jinping, the US is moving toward a system where the government’s primary goal is to retain power, regardless of whether policies are capitalist, socialist, or fascist. Why The Fiat System Is Broken “Similar to Deng, the elite that rule Pax Americana care not whether the economic system is Capitalist, Socialist, or Fascist, but whether implemented policies help them retain their power,” Hayes writes. He emphasizes that America ceased being purely capitalist in the early 20th century, noting, “Capitalism means that the rich lose money when they make bad decisions. That was outlawed as early as 1913 when the US Federal Reserve was created.” Hayes critiques the historical shift from “trickle-down economics” to direct stimulus measures, particularly those implemented during the COVID-19 pandemic. He distinguishes between “QE for the rich” and “QE for the poor,” highlighting how direct stimulus to the general population spurred economic growth, whereas quantitative easing primarily benefited wealthy asset holders. “From 2Q2020 until 1Q2023, Presidents Trump and Biden bucked the trend. Their Treasury departments issued debt that the Fed purchased using printed dollars (QE), but instead of handing it out to rich [individuals], the Treasury mailed checks out to everyone,” he explains. This led to a decrease in the US debt-to-nominal GDP ratio, as the increased spending power of the average citizen stimulated real economic activity. Looking ahead, Hayes anticipates that Trump’s return to power will usher in policies focused on re-shoring critical industries to the US, financed by expansive government spending and bank credit growth. He references Scott Bassett, whom he believes will be Trump’s pick for Treasury Secretary, noting that Bassett’s speeches outline plans to “run nominal GDP hot by providing government tax credits and subsidies to re-shore critical industries.” “The plan is to run nominal GDP hot by providing government tax credits and subsidies to re-shore critical industries (shipbuilding, semiconductor fabs, auto manufacturing, etc.). Companies that qualify will then receive cheap bank financing,” Hayes states. He warns that such policies would lead to significant inflation and currency debasement, adversely affecting holders of long-term bonds or savings deposits. To hedge against this, Hayes advocates for investing in assets like Bitcoin and gold. “Instead of saving in fiat bonds or bank deposits, purchase gold (the boomer financial repression hedge) or Bitcoin (the millennial financial repression hedge),” he advises. Hayes supports his argument by analyzing the mechanics of monetary policy and bank credit creation. He illustrates how “QE for the poor” can stimulate economic growth through increased consumer spending, as opposed to “QE for the rich,” which inflates asset prices without contributing to real economic activity. “QE for poor people stimulates economic growth. The Treasury handing out stimmies encouraged the plebes to buy trucks. Due to the demand for goods, Ford was able to pay its employees and apply for a loan to increase production,” he elaborates. Furthermore, Hayes discusses potential regulatory changes, such as exempting banks from the Supplemental Leverage Ratio (SLR), which would enable them to purchase an unlimited amount of government debt without additional capital requirements. He argues that this would pave the way for “infinite QE” directed at productive sectors of the economy. “If Treasuries, central bank reserves, and/or approved corporate debt securities were exempted from the SLR, a bank could purchase an infinite amount of debt without having to encumber themselves with any expensive equity,” he explains. “The Fed has the power to grant an exemption. They did just that from April 2020 to March 2021.” How Bitcoin Could Reach $1 Million Hayes believes that the combination of aggressive fiscal policies and regulatory changes will result in an explosion of bank credit, leading to higher inflation and a weakening US dollar: In such an environment, he asserts that Bitcoin stands to benefit the most due to its scarcity and decentralized nature. “This is how Bitcoin goes to $1 million, because prices are set on the margin. As the freely traded supply of Bitcoin dwindles, the most fiat money in history will be chasing a safe haven,” he predicts. Hayes backs this claim by referencing his custom index that tracks US bank credit supply, demonstrating that Bitcoin has outperformed other assets when adjusted for bank credit growth. “What is [..] important is how an asset performs when deflated by the supply of bank credit. Bitcoin (white), the S&P 500 Index (gold), and gold (green) have all been divided by my bank credit index. The values are indexed to 100, and as you can see, Bitcoin is the standout performer, rising over 400% since 2020. If you can only do one thing to counter the fiat debasement, it is Bitcoin. You can’t argue with the math,” he asserts. In concluding his essay, Hayes urges investors to position themselves accordingly in anticipation of these macroeconomic shifts. “Get long, and stay long. If you doubt my analysis of the impact of QE for poor people, just read up on the Chinese economic history of the past thirty years, and you will understand why I call the new economic system of Pax Americana, “American Capitalism with Chinese Characteristics,” he advises. At press time, BTC traded at $87,660.

The Bitcoin price has finally broken out of resistance and is on a journey to the $320,000 threshold, according to a crypto analyst. Notably, the Bitcoin price has now returned into a full bullish sentiment, with the crypto fear and greed index now pointing to extreme greed. In a recent technical analysis, crypto analyst Gert van Lagen identified a bullish pattern in Bitcoin’s price chart, specifically pointing to a confirmed breakout of the classic ‘cup-and-handle’ pattern formation that has essentially kicked off a bullish Wave 5 run. Bitcoin Price Sets Sights On $320,000 As Wave 5 Begins Bitcoin’s price action has been nothing short of impressive in the past few days. Notably, the Bitcoin price has created multiple all-time highs in quick succession, as many investors start to pour in. This sustained demand has created successive bullish candles on both the daily and weekly charts, illustrating a continued strong upward momentum. Interestingly, these bullish candle formations have validated what crypto analyst Gert van Lagen called the start of a sub-wave 5 formation. This wave, which is known to be bullish, is expected to be the final sub-wave formation in a larger Elliot wave uptrend that has been in play since January 2023. Supporting the possibility of the wave 5 formation, technical analysis of the Bitcoin price formation shows that the recent price rally has seen Bitcoin breaking out of a cup-and-handle formation. This pattern, which is known to be bullish, has been in formation since 2022. The ‘cup’ portion of this pattern began forming in early 2022 and eventually ended with Bitcoin’s peak above $73,700 in March 2024. The subsequent consolidation phase, which lasted until October, represents the ‘handle’ segment of the pattern. In addition to this, Bitcoin has managed to break free from what van Lagen described as a ‘base 4 step-wise formation,’ effectively shaking off a bear trap. With this breakout now confirmed, van Lagen’s analysis points to a projected target range between $220,000 and $320,000. This range marks what he considers a ‘major sell line,’ which is a zone where profit-taking might intensify as Bitcoin reaches these upper limits. Current State Of BTC At the time of writing, Bitcoin is trading at $89,500 with a market cap of $1.77 trillion and an all-time high of $89,864, having increased by about 10.5% in the past 24 hours. However, given this trend, this all-time high might not last long. The bullish sentiment and inflow surrounding Bitcoin has been so massive that investors don’t know when to take profit at the moment. The RSI is above 70 on every single timeframe from the daily to the yearly. This shows how strong the buying momentum is at the moment. Nevertheless, the momentum is expected to continue, with the next target at $90,000 and another at $100,000. A move to Gert van Lagen’s target of $220,000 to $320,000 will represent a 145% and 255% increase, respectively, from the current price.

The Dogecoin price is showing signs of renewed bullish momentum as the price sets its sights on the key resistance level of $0.4484. Following a steady rise, the bulls appear determined to push through this barrier, potentially setting the stage for a breakout that could spark further gains. As market sentiment shifts in favor of the buyers, all eyes are on DOGE to see if it can sustain its upward strength and reach this ambitious target. This analysis aims to assess Dogecoin’s uptrend as it approaches the critical $0.4484 resistance level, exploring whether the bulls have the strength to achieve a breakout. By examining current price trends, key technical indicators, and potential support and resistance levels, this piece aims to provide insights into DOGE’s near-term prospects. It will also consider the implications for traders if DOGE successfully breaks through or encounters resistance at this key level. DOGE Bulls Eye Key Resistance At $0.4484 The Dogecoin price has held strong above the 100-day SMA on the 4-hour chart, signaling bullish momentum. After breaking the $0.3563 resistance, DOGE established a support base and now targets $0.4484. This movement suggests buyer control and a breakout at this level could lead to more gains, strengthening the current uptrend and attracting more optimistic interest. An analysis of the 4-hour Relative Strength Index (RSI) reveals a sustained upsurge, with the RSI rising to 91% after breaking above the 50% mark, indicating a strengthening buying pressure as the market shifts from a bearish phase to a more neutral or bullish stance. With the bulls firmly in control, this upward momentum suggests the possibility of additional price increases if buying strength continues. Additionally, the daily chart shows that Dogecoin is facing significant upward pressure, as evidenced by the formation of bullish candlestick patterns. The asset’s position above the critical 100-day SMA further supports this positive trend. As DOGE continues on this path, it strengthens the optimistic sentiment in the market, paving the way for additional gains as it targets the $0.4484 mark. Lastly, the RSI on the daily chart is at 92%, signaling strong positive movement after recovering from a dip to 57%, suggesting a shift in market sentiment with increased buying pressure. While the elevated RSI indicates potential for more growth, sustained overbought levels could lead to a correction if buying pressure slows. The Significance Of $0.4484 For The Dogecoin Price The $0.4484 level holds significant importance for the Dogecoin price, as it represents a key resistance point that could trigger a possible breakout. Should Dogecoin successfully surpass this level, it could pave the way for further upward movement, extending the current bullish trend and targeting the next resistance at $0.5920. However, if the level holds as resistance, DOGE may face a period of consolidation or pullback before making another attempt at breaking through.

In light of blockchain industry developments and gaming industry issues, this report discusses Oasys’ capabilities and growth potential. It also emphasizes Oasys’ potential to become an infrastructure that satisfies present industry demands. It is challenging to create blockchains tailored for each game since general-purpose blockchains are not game-optimized. Building a sustainable business strategy is also essential since it is challenging to sell new games and keep users engaged in the mature gaming industry. With over 40 games and a fast expanding ecosystem, Oasys is supported by several Japanese developers and corporations as validators. There are discussions to list on large exchanges like Binance in the future, which would boost the $OAS token’s visibility and liquidity. The Oasys Hub (L1) and Verses (L2s) are two components of the multi-layer, gaming-focused Layer 1 blockchain known as Oasys. It has data standards across its Verses, standardized APIs, and data availability protection for digital assets. Verse deployment is made easier for developers with the development kit (Oasys VDK). More than 40 games have been released throughout the ecosystem’s 12 Verses, and there are already 41 million distinct active wallets and over 186 million transactions. As validators, well-known gaming firms like Square Enix, Sega, and BANDAI NAMCO reinforce Oasys’ position as a major force in blockchain gaming. Oasys intends to improve interoperability across Verses (Layer 2s), define common data standards and APIs, and provide an infrastructure that will allow digital assets to be used smoothly across various games. The ecosystem’s asset management will be made possible by integrations with Arbitrum Orbit and improved DeFi capabilities, which will further promote the efficient usage of digital assets. The secret to monetizing games is to utilize a strategy that encourages interaction and exposes Web2 users to Web3 components organically. In the mature gaming sector, Champions Tactics and De: Lithe Last Memories are two games with novel revenue models that expose gamers to immersive Web3 experiences and tokenize assets using NFTs. In the future, additional blockchain games will be added to Oasys, which offers the ideal infrastructure for play-to-own and play-to-earn models. Because Oasys is a game-specific blockchain, it can improve Verses’ interoperability and provide a smooth user experience at the infrastructure level. This makes it simpler to fulfill the long-term need for game-specific infrastructure, which is predicted to expand, as well as to adjust to the present trend in the blockchain gaming sector, where infrastructure is crucial and user numbers are rising. Major Japanese corporations participate as validators on Oasys, a platform that is very dependable in terms of sustainability and security. As a result, Oasys may promote the expansion of the ecosystem while keeping and using digital assets obtained in games. In contrast to conventional short-term consumer entertainment, this allows for a new value experience and gives people long-term asset value. This value will increase customer loyalty and highlight the intrinsic attractiveness of games, particularly for Web3 gamers. Worldwide, blockchain games are becoming a more significant part of the Web3 ecosystem. Through the creation of success stories like Champions Tactics, Oasys, a blockchain infrastructure tailored to games, has assisted conventional game makers in making their first foray into Web3. In the last month, Oasys and its existing Verses have accumulated over 3 million transactions and 150,000 distinct active wallets, according to DappRadar. Because of SG Verse’s ambitions about token issuance and partnerships with major IPs, Battle of Three Kingdoms, another noteworthy game, may be able to reach even more people. Furthermore, it is anticipated that over 20 gaming titles would eventually be made available on Oasys. In addition to game content, Oasys is enhancing and fortifying DeFi. We introduced Palmy Finance, a lending protocol, in September 2024. With $OAS and other services, one may generate steady interest-based revenue. Through the Arbitrum Orbit integration, there is space for liquidity from the Arbitrum ecosystem in TealSwap, Oasys’ DEX, and DeFi traders and gamers may get even more liquidity in DeFi Verse. In this manner, the ecosystem is fortifying the setting in which consumers may effectively use the earnings produced by their blockchain-based digital assets. As a result, Oasys is probably going to become popular internationally as well as in Japan and carve out a solid niche for itself in the blockchain gaming market. Summary With its comprehensive ecosystem analysis and previously unreleased information regarding planned projects and user metrics, especially related to the SG Verse deployment, the report offers unique value. It’s also innovative to analyze Oasys’ approach to transferring Web2 users to Web3 by exposing them to blockchain components gradually.

The cryptocurrency market is buzzing with anticipation as 2024 draws to a close, marked by a resurgence in activity across major digital assets. Bitcoin, the stalwart of the sector, hovers close to its all-time high, sparking renewed optimism among investors. Meanwhile, Solana continues to showcase its prowess as a high-performance blockchain, maintaining robust development interest despite a recent dip in trading prices. Litecoin has captured attention with the filing of its first ETF by Canary Capital, signaling potential institutional adoption and underscoring its relevance in the evolving financial landscape. Yet, amidst these established names, BlockDAG has emerged as a surprising leader in the presale market, raising over $120.5 million and turning heads with its innovative DAG-PoW technology. With a lucrative 100% bonus offer and a mainnet nearing completion, BlockDAG positions itself as a unique contender poised for substantial growth in a competitive market. Is BlockDAG the Dark Horse of 2024? Here’s Why It Just Might Be In November 2024, BlockDAG emerged as a significant player in the cryptocurrency landscape, achieving remarkable milestones that underscore its growing influence. The project has successfully raised over $120.5 million during its presale, with each BDAG coin priced at $0.022 in its 25th batch, reflecting a substantial 2100% return on investment since its inception. A key factor contributing to this success is BlockDAG’s innovative hybrid blockchain technology, which combines the benefits of Directed Acyclic Graph (DAG) structures with traditional blockchain mechanisms. This approach enhances scalability and transaction throughput, addressing common limitations in existing blockchain systems. To further incentivize early adopters, BlockDAG has introduced a limited-time 100% bonus offer. By using the code BULLRUN100 at checkout, investors can double their BDAG coin purchases, significantly boosting their potential returns. Looking ahead, BlockDAG is on track to complete its mainnet development by November 14th, 2024. This milestone is expected to enhance the platform’s functionality and attract a broader user base, solidifying its position in the competitive crypto market. These developments highlight BlockDAG’s commitment to innovation and its potential for substantial growth, making it a noteworthy contender in the booming cryptocurrency sector. Litecoin’s ETF Move: The Game-Changer Investors Have Been Waiting For Litecoin has recently attracted attention following the announcement by Canary Capital of an S-1 filing with the U.S. Securities and Exchange Commission (SEC) for the first-ever Litecoin ETF. This move positions Litecoin as a serious player in the investment sector, potentially paving the way for greater institutional involvement. The introduction of an ETF could bolster Litecoin’s liquidity and appeal, providing investors with a regulated vehicle for direct exposure. Currently trading around $72, Litecoin is navigating a challenging market phase after breaking below an ascending trendline, hinting at the potential for further downside. Despite recent price pressures, the push towards an ETF underscores Litecoin’s ongoing relevance and its reputation as a reliable, enterprise-ready digital asset. Solana Rides Bullish Momentum Amid US Election Results—Price Target at $210? Following the recent US election, Solana (SOL) has seen a boost in investor confidence, fueling its price momentum. Known for its speed and low fees, Solana is gaining from the positive market conditions, with two other emerging cryptos also turning green and catching investor interest. Technical indicators present a largely optimistic outlook. The Relative Strength Index (RSI) sits at 65.87, reflecting a neutral stance, while momentum indicators like the Awesome Oscillator and momentum levels show buy signals. Moving Averages across short and long terms also lean toward buy, signaling an ongoing upward trend. Key resistance levels for SOL are set around $190 and $211, while support sits at $161. If SOL continues this rally and breaks past $190, it could potentially reach $210–$220 in the near term, providing an encouraging forecast for investors. Conclusion As November 2024 unfolds, the crypto market is bustling with notable developments. Litecoin is making headlines with Canary Capital’s groundbreaking ETF filing, suggesting potential for increased institutional adoption, though recent price trends present challenges. Solana remains a major player, showcasing its growth since 2020 and maintaining its reputation for scalability and efficiency, despite recent price dips. Meanwhile, BlockDAG has emerged as a formidable contender with its record-breaking $120.5 million presale and unique DAG-PoW hybrid technology that promises enhanced scalability. The project’s limited-time 100% bonus offer and a mainnet nearing completion position it for potential significant gains. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

As the year draws to a close, the cryptocurrency market is buzzing with promising tokens that could deliver significant gains. Leading analysts are spotlighting digital assets poised for remarkable growth. One standout is XYZVerse (XYZ), the first memecoin uniting sports fans from football to esports, aiming for substantial growth and blending meme culture with athletic passion. Score Big with XYZ: The New Meme Coin Heavyweight The fans are losing it! The XYZ token is in the crypto ring, landing blows on the competition – bullshit coins, worthless farming schemes, and scam projects. Like a true champ, this first-ever all-sports meme token has fought its way through the bear market with fearless momentum and shows no signs of slowing down. With eyes set on a roaring thousand-fold growth, XYZ is destined to leave the 2024 meme coin triumphants like BOME and WIF trailing in its wake. Own the field, earn while the crowd plays XYZ is more than just a benchwarmer in the meme coin game; it’s creating the ultimate playing field with XYZVerse, where the thrill of sports meets the energy of meme culture. With a roadmap equipped with entertainment dApps, prediction markets, and sports betting options, XYZ is poised to draw in millions of gamblers ready to join the action. Remember Polymarket’s massive $1 billion trading volume during the US election betting fever? XYZ is gearing up for an even bigger win in the GameFi arena, letting its stakeholders cash in on the perfect combo of meme coin vibes, sports hype, and crypto mass adoption. Missed meme coin supercycle? By capitalizing on the ever-expanding gambling niche, XYZ is set to become the G.O.A.T of meme coins. BOME’s 5,000% takeoff and WIF’s 1,000% year-to-date rally are now relics of the past because XYZ is set to explode by over 9,900% after the TGE and outshine its sensational predecessors. Get in the game early to secure your spot – currently undervalued, XYZ is going the distance to break new records! Rallying the community, securing the win XYZVerse will be the MVP in this bull run, giving the community the control to call the plays and steer the ecosystem’s direction. Active contributors will receive airdropped XYZ tokens as a reward for their dedication. With rock-solid tokenomics and plans for both CEX/DEX listings, XYZ is positioned for a championship run, ensuring a steady revenue flow and consistent token burns to keep the scoreboard in favor of a strong price and a thriving community. >>The XYZ presale is live – don’t miss out on this knockout 99,900% opportunity!<< Solana (SOL) Solana is a blockchain platform built for speed and scalability. Unlike some of its competitors like Ethereum and Cardano, Solana focuses on handling many transactions quickly. This makes it a strong foundation for decentralized applications, or dapps. Its unique architecture allows for fast transactions and lets developers use different programming languages. At the heart of Solana is SOL, its native cryptocurrency. SOL is used to make transactions, run programs, and reward those who support the network. The SOL coin holds real value in the Solana ecosystem. It rewards network participants and gives users access to many projects on Solana. Unlike some others, Solana doesn’t use sharding or second-layer solutions to scale up. This makes it attractive to developers and investors who want a high-capacity network. In the current market, SOL looks promising. Its ability to handle high activity could make it a top choice for hosting products and services. Compared to other coins, SOL offers speed and flexibility, which could set it apart in the growing crypto market. Pepe (PEPE) PEPE is a deflationary memecoin launched on Ethereum, paying homage to the iconic Pepe the Frog meme created by Matt Furie in the early 2000s. Aiming to ride the wave of popular meme coins like Shiba Inu and Dogecoin, PEPE seeks to establish itself as a leading meme-based cryptocurrency. It attracts the crypto community with a no-tax policy and embraces its lack of utility, keeping things pure, simple, and fun. In late April to May 2023, PEPE experienced an explosive surge, pushing its market cap to a peak of $1.6 billion. Early holders saw significant gains, and a strong community of like-minded followers emerged. This phenomena sparked what some call a “memecoin season,” with other meme tokens experiencing dramatic rises and falls within hours. As the crypto market anticipates the next Bitcoin halving cycle, many enthusiasts wonder if PEPE will reach new highs. While its future is uncertain, PEPE’s strong community support and meme-driven appeal keep it in the spotlight, making it an intriguing player in the current market landscape. Shiba Inu (SHIB) Shiba Inu (SHIB) is a cryptocurrency that started as a meme, inspired by Dogecoin (DOGE). But unlike Dogecoin, SHIB runs on the Ethereum blockchain. This means it can interact with Ethereum’s network of decentralized apps. Launched in August 2020 by an anonymous developer named Ryoshi, SHIB began with a supply of one quadrillion tokens. Half of these tokens were sent to Vitalik Buterin, co-founder of Ethereum. Buterin donated a large portion to the India Covid Crypto Relief Fund and burned 40% of the supply, boosting SHIB’s profile. SHIB’s integration with Ethereum allows for more than just memes. It powers ShibaSwap, a decentralized exchange where users can trade tokens without a middleman. There are also plans for an NFT platform and a governance system where holders can vote on changes. This gives SHIB real utility and sets it apart from other meme coins. In the current market, with growing interest in decentralized finance (DeFi) and NFTs, SHIB might attract investors looking for coins with potential beyond hype. While the crypto market is volatile, SHIB’s connection to Ethereum and its ambitious plans could make it a coin to watch. Sui (SUI) Sui is a new blockchain platform built to meet the needs of a global audience. It focuses on being secure, powerful, and able to grow with demand. Sui uses a unique way of handling data that centers on objects, making it different from other blockchains. It also uses the Move programming language, known for its safety. This combination helps Sui overcome common issues found in other blockchain systems. Importantly, Sui puts user experience first. With features like zkLogin, sponsored transactions, and programmable transaction blocks, it removes many of the hurdles people often face when using blockchain technology. Looking at its potential, Sui could make a significant impact in the blockchain world. Its emphasis on making applications accessible and easy to use sets it apart from many other platforms. In a market where user experience and scalability are increasingly important, Sui stands out. Compared to other coins, its focus on removing barriers could attract more users and developers. With current trends favoring technologies that are both powerful and user-friendly, Sui appears to be a promising option for those interested in the future of Web3. Conclusion While SOL, PEPE, SHIB, and SUI are promising, XYZVerse (XYZ) uniquely combines sports and memes, targeting massive growth and community benefits in the ongoing bull run. You can find more information about XYZVersus (XYZ) here: Site, Telegram, X Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Bitcoin and Cardano have long held the spotlight in the cryptocurrency sector, each for different reasons. Bitcoin recently soared to $89,000, spurred by regulatory optimism tied to the U.S. administration, while Cardano, once a top-three contender, has seen its market cap fall back to 2018 levels amidst a stagnant price outlook. Meanwhile, BlockDAG Network, with its unique Directed Acyclic Graph structure, stands out for addressing scalability and transaction speed issues that hinder many traditional blockchains. This architectural advantage and a successful presale position BlockDAG as a potential solution for investors seeking both performance and efficiency. Bitcoin Hits $89,000 Bitcoin recently saw a significant jump of 10%, reaching a new high of $89,000 following Donald Trump’s election win. Indeed, this surge is largely driven by market optimism that the new administration will adopt a more favorable stance toward the cryptocurrency sector. Specifically, Trump’s support for digital assets has sparked hopes of relaxed regulations, which could create a more welcoming environment for crypto investments. As a result, investors are betting on a potential boom in the crypto space as they anticipate that Trump’s policies might encourage the growth of decentralized assets. This sentiment has contributed to Bitcoin’s rapid rise, as traders are eager to capitalize on what they see as a potential easing of restrictions. Furthermore, with regulatory uncertainty being a key factor impacting the crypto market, the prospect of reduced government oversight under Trump’s administration has led to renewed confidence among Bitcoin enthusiasts. Consequently, the market is witnessing increased activity, driving Bitcoin’s value to new heights. Cardano’s Focus on Perfection Cost Cardano (ADA) once held a top position alongside Bitcoin and Ethereum, with a market cap nearing $100 billion. However, today, its market cap has dropped to around $12 billion, bringing ADA’s price back to 2018 levels. According to Coincodex, the price forecast remains bleak, predicting minimal change through 2050. In fact, analysts expect ADA to continue fluctuating in line with Bitcoin’s halving cycles, without significant long-term growth. On the other hand, critics within the Cardano community point to founder Charles Hoskinson, blaming his focus on technical rigor over adaptability as the reason ADA lags behind other layer-1 projects. Thus, without a shift in strategy, experts believe the token’s outlook will remain stagnant. Could BDAG Reach $1 by the End of 2025? BlockDAG is gaining attention in the current crypto landscape due to its Directed Acyclic Graph (DAG) architecture, designed to address scalability and transaction speed challenges faced by traditional blockchains. Notably, its ability to handle multiple blocks concurrently leads to higher throughput, making it ideal for applications in decentralized finance (DeFi) and NFTs. As a result, this technological edge has driven strong interest in its ongoing presale. To elaborate, the presale is structured into 45 batches with gradually increasing prices, starting from $0.0001 per coin. Currently, in the 25th batch, the price has risen to approximately $0.022. So far, BlockDAG has raised over $120.5 million, signaling robust investor confidence. The structured presale model has attracted a diverse range of participants, contributing to its fundraising success. Looking ahead, market analysts have high expectations for BDAG’s price trajectory. Predictions suggest the token could reach $1 by the end of 2025, with the potential to hit $10 in 2025. In the long term, forecasts are even more optimistic, estimating BDAG could reach up to $30 by 2030, driven by its scalability advantages and efficient transaction handling. Overall, BlockDAG’s strong presale performance and positive price outlook reflect its potential to become a key player in the evolving blockchain space. With this focus on overcoming current blockchain limitations, BlockDAG is well-positioned to capture a significant market share as the demand for scalable, efficient networks continues to grow. Final Take In summary, while Bitcoin continues to capture attention with its impressive price surges driven by changing political landscapes, and Cardano faces challenges due to its strict focus on technical precision, BlockDAG presents a compelling alternative. Its Directed Acyclic Graph architecture directly addresses critical scalability and transaction speed issues that hinder other blockchains, making it a strong candidate for future growth. The positive presale numbers and optimistic forecasts suggest that BlockDAG could attract those looking for efficiency and scalability in their holdings. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Whispers are circulating in the crypto community about undervalued altcoins primed for extraordinary growth. Seasoned investors hint at affordable tokens that could multiply in value, offering rare opportunities for significant returns. The market seems poised for those who can spot the next big breakout. One such contender is XYZVerse (XYZ), the pioneering memecoin uniting sports fans across football, basketball, MMA, and more, aiming to surpass previous record-breaking tokens with its unique community-driven approach. Dominate the Field with XYZ: The Next Meme Coin Champion! The game is on, and XYZ is leading the charge in the meme coin arena! This sensational all-sports meme token has hit the market with unstoppable momentum, knocking out weak competitors and scammy cryptos. As it charges ahead, XYZ is set to deliver jaw-dropping gains, leaving the likes of BOME and WIF far behind. With eyes on a staggering 99,900% growth, XYZ is ready to claim the meme coin crown in the next crypto bull marathon! Rule the game, cash in as the bets roll in XYZ is the star player in XYZVerse – the ultimate fusion of sports thrill and meme culture. This community-centered ecosystem is the perfect playground for crypto degens and sports fans alike, offering everything from entertainment apps to prediction markets. Think back to Polymarket’s $1 billion trading volume during the US elections betting frenzy, and now, picture that on steroids with XYZVerse. With millions of sport bettors getting ready to jump in the action, opportunities for early investors in XYZ are really huge! XYZ is currently undervalued, and with major listings on the way, presale participants stand to secure life-changing gains. >>>Don’t miss your shot at being part of the XYZ winning team!<<< Ethereum (ETH) Ethereum is a leading blockchain platform that introduced smart contracts to the world. Created by Vitalik Buterin and launched in 2015, it has become the foundation for many decentralized apps, known as dApps. These apps range from finance to games, all running on Ethereum’s network. In 2022, Ethereum shifted to a Proof-of-Stake system, making it more efficient and eco-friendly. Soon, it plans to introduce sharding, a technology that will make transactions faster and cheaper. Price predictions suggest that Ethereum could reach as high as $6,580.53 next year, with estimates of continued growth up to 2030. This optimism is based on its past performance and patterns in the crypto market. Compared to other coins, Ethereum stands out because of its large ecosystem and ongoing improvements. With plans to enhance speed and reduce costs, Ethereum shows strong potential. In the current market cycle, ETH appears to be an attractive option for those interested in cryptocurrency’s future. Solana (SOL) Solana is a blockchain platform built for speed and scalability. Unlike some of its competitors like Ethereum and Cardano, Solana focuses on handling many transactions quickly. This makes it a strong foundation for decentralized applications, or dapps. Its unique architecture allows for fast transactions and lets developers use different programming languages. At the heart of Solana is SOL, its native cryptocurrency. SOL is used to make transactions, run programs, and reward those who support the network. The SOL coin holds real value in the Solana ecosystem. It rewards network participants and gives users access to many projects on Solana. Unlike some others, Solana doesn’t use sharding or second-layer solutions to scale up. This makes it attractive to developers and investors who want a high-capacity network. In the current market, SOL looks promising. Its ability to handle high activity could make it a top choice for hosting products and services. Compared to other coins, SOL offers speed and flexibility, which could set it apart in the growing crypto market. XRP (XRP) XRP is a cryptocurrency designed to make sending money across borders faster and cheaper. It doesn’t rely on banks or central authorities. This means transactions are direct, secure, and can’t be reversed. Created by Jed McCaleb, Arthur Britto, and David Schwartz, XRP started with 100 billion coins. The founders gave 80 billion to a company called Ripple. Ripple uses XRP to improve how money moves around the world. They even set aside 55 billion XRP to release slowly, keeping the supply in check. Many see XRP as a game-changer in the world of digital money. Its technology allows easy swapping between different currencies. This makes it useful for international payments. In the current market, XRP looks promising. While some cryptocurrencies are slow or have high fees, XRP offers quick and low-cost transactions. As global trade grows, the need for efficient cross-border payments increases. XRP could be a strong contender in meeting that demand compared to other coins. Dogecoin (DOGE) Dogecoin started as a joke in 2013. It used a Shiba Inu meme for its logo. Unlike Bitcoin, there’s no limit to how many Dogecoins can exist. Every minute, 10,000 new coins are made. In 2021, its value shot up. Social media buzz and tweets from Elon Musk helped it become one of the top cryptocurrencies. Its total value went over $50 billion. This showed how a strong community and online support can boost a coin’s success. Today, Dogecoin is more than a meme. Its technology allows quick and easy transactions. Compared to other coins, it’s abundant and affordable. Some people like it because it’s friendly and fun. In the current market, many are watching Dogecoin closely. While its unlimited supply raises questions, its popularity keeps it in the spotlight. As the crypto world changes, Dogecoin might continue to surprise everyone. Conclusion While ETH, SOL, XRP, and DOGE have potential, XYZVerse (XYZ) aims for 20,000% growth by uniting sports fans in a unique, community-driven memecoin movement. You can find more information about XYZVersus (XYZ) here: Site, Telegram, X Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

In the wake of the recent US presidential election results, decentralized finance (DeFi) tokens, are experiencing a significant surge. Traders expect the Donald Trump administration to strengthen the investment appeal of holding utility tokens. Leading the charge, altcoins such as Uniswap (UNI) have seen a remarkable 24% monthly increase, while FXGuys ($FXG) braces for a new all-time high (ATH). Following a sharp daily uptick, Uniswap recorded a local price high of $9.58 this week. The FX Guys offers exceptional customer support, trading guides, voting rights, and other exciting features. FXGuys is quickly becoming a top blockchain and trading token for new and experienced crypto investors. This article explores the performance trajectory of these two select altcoins after the US election results. >>>BUY $FXG TOKENS HERE<<<< Uniswap (UNI) Surges Amid Regulatory Optimism Following US Election Donald Trump secured the US presidency on Nov. 6, defeating Vice President Kamala Harris. UNI then saw a daily increase of over 35% to an all-time high of $9.58 in three months. Charlie Sherry, head of finance and cryptocurrency analyst at BTC Markets, commented that DeFi tokens were previously seen as “useless governance tokens” due to fears of enforcement action from the SEC, exemplified by the probe into Uniswap Labs. Trump’s victory could lead to the resignation of SEC Chair Gary Gensler, sparking “regulatory optimism” in the market. Sherry said this is how much markets anticipate a friendlier environment for DeFi projects. Interestingly, Sherry noted how Uniswap’s new layer 2 Unichain transforms this altcoin from a UNI governance token into a utility asset, thereby expanding its investment appeal. FX Guys ($FXG) Presale Soars with 132 Million Token Sales and Promising Features FXGuys’ cryptocurrency ICO has sold nearly 132 million tokens in three phases, including the seed and private rounds. The $FXG token initially sold for 0.01 USD but has shot up to 0.03 USD in the current first public presale round. This quick rise indicates the likelihood of a massive rally once its native token goes live at 0.1 USD. >>>BUY $FXG TOKENS HERE<<<< The rewards from the FXGuys Trade2Earn model can be converted into trading perks like increased drawdown limits. Users can earn passively by staking their tokens and also gain up to 20% of the platform’s annual trading profit. The protocol’s no-KYC requirement ensures setting up your account to enjoy presale profits is seamless and private. Another key feature of this cryptocurrency ICO is its focus on helping traders grow through funding opportunities. Qualified traders can access funded accounts up to $500,000, which means one can trade with the platform’s capital while sharing profits. Also, SolidProof thoroughly reviewed its smart contract; every transaction and information on FXGuys is secure. Conclusion The ongoing altcoin surge in the crypto market highlights optimism for a more favorable regulatory environment under the Donald Trump administration. Following the market uptick, UNI recorded a three-month price peak. With its potential for profitability and innovative trading approach, the FX Guys is set for a new all-time high of 0.04 USD in its presale stage two. To participate in this appealing blockchain and trading project, visit the presale home page and follow the instructions. Once the blockchain confirms your purchase, your tokens will reflect on your dashboard. To find out more about FXGuys follow the links below: Website | Whitepaper | Socials | Audit Exclusive FXGuys Promo Code: USE PROP10 FOR 10% BONUS Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

As the cryptocurrency market heats up, the hunt is on for the next digital asset that could deliver astonishing returns. Investors who missed out on earlier successes are eyeing a new altcoin priced at a fraction of a cent. This emerging token has the potential to mirror the impressive gains of previous market leaders, and it’s capturing the attention of those looking for significant growth opportunities. XYZVerse (XYZ) emerges as a pioneering memecoin that unites sports fans across football, basketball, MMA, and more, aiming to outperform past crypto successes with its unique blend of meme culture and sports enthusiasm. The All-Sports Meme Token You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for prediction markets Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof! >>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion!<<< In 2024, meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. With potential thousand-fold returns that will blow past the finish line, the presale plan draws a hefty 99,900% growth by the TGE. Forget about BOME’s 5,000% rise or WIF’s 1,000% rally – XYZ is here to outscore them all! With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here – get in before the crowd storms the field, and you’ll be sitting on way bigger returns! >>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship!<< Solana (SOL) Solana is a blockchain platform built for speed and scalability. Unlike some of its competitors like Ethereum and Cardano, Solana focuses on handling many transactions quickly. This makes it a strong foundation for decentralized applications, or dapps. Its unique architecture allows for fast transactions and lets developers use different programming languages. At the heart of Solana is SOL, its native cryptocurrency. SOL is used to make transactions, run programs, and reward those who support the network. The SOL coin holds real value in the Solana ecosystem. It rewards network participants and gives users access to many projects on Solana. Unlike some others, Solana doesn’t use sharding or second-layer solutions to scale up. This makes it attractive to developers and investors who want a high-capacity network. In the current market, SOL looks promising. Its ability to handle high activity could make it a top choice for hosting products and services. Compared to other coins, SOL offers speed and flexibility, which could set it apart in the growing crypto market. Conclusion Coins like SOL are promising, but XYZVerse (XYZ) combines sports and memes, aiming for massive growth and offering early investors significant potential in this bull run. You can find more information about XYZVersus (XYZ) here: Site, Telegram, X Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Bitcoin experienced an explosive surge yesterday, with bulls driving the price to a new all-time high (gain) at $89,980. This relentless uptrend highlights growing optimism among investors as Bitcoin continues to break new ground. Renowned trader and analyst Cheds recently shared a compelling technical insight, noting that Bitcoin’s weekly Relative Strength Index (RSI) is nearing the “overbought” zone—historically a very bullish signal for BTC. Entering this zone could indicate heightened demand and momentum, suggesting further upside potential for Bitcoin in the near term. The coming days will be critical as investors anticipate a possible pullback to enter fresh positions at lower levels. However, the current price action remains bullish, showing few signs of weakness. If the price holds, it could fuel even greater buying interest, extending Bitcoin’s upward momentum. Cheds’ analysis underscores the strong technical setup for BTC, with RSI nearing a point that could attract more bullish attention. Investors will be watching closely, as any sustained movement in this high momentum phase may set the stage for Bitcoin’s next big leg up. Bitcoin Showing Strength Bitcoin has surged by over 32% in less than a week, with rapid, aggressive moves to new highs reflecting strong market sentiment. Such euphoria often precedes a correction, yet recent data indicates Bitcoin could sustain this upward momentum. Top trader and analyst Cheds recently shared a technical analysis on X, highlighting that Bitcoin’s weekly Relative Strength Index (RSI) is nearing the “power zone,” known as the overbought territory. Historically, this zone has signaled powerful bullish phases for BTC. The last time Bitcoin’s RSI reached similar levels, the price rallied from around $40,000 to $70,000, suggesting another substantial surge might be on the horizon. As Bitcoin enters this new bullish phase, a continuation of the uptrend seems likely, but it may not be a straightforward climb. Even in strong bull markets, BTC typically requires periodic pullbacks to consolidate and gather strength for further gains. A healthy retrace would provide necessary support levels and allow BTC to “refuel” before another upward push. This retracement is particularly important in avoiding overstretched conditions that could lead to a more severe correction. While the current bullish momentum points toward higher levels, traders should anticipate some fluctuations, which are part of a sustainable uptrend. Bitcoin’s ability to hold key support levels during any potential pullback will be crucial for maintaining the overall bullish structure. Bullish Price Action: Key Levels To Watch Bitcoin is trading at $88,000 following two days of unexpected price appreciation, defying analysts’ expectations of a pause around $77,000 and a possible pullback to the previous all-time high of $73,800. Instead, Bitcoin’s price has continued its upward momentum, bringing it closer to the significant psychological level of $90,000. Many investors consider this level a key supply zone where profit-taking could emerge. Despite the rapid climb, market sentiment remains highly bullish, and the price structure suggests that Bitcoin is still targeting the much-anticipated $100,000 milestone. The current price action reflects a strong bullish trend, but a retracement toward the $77,000 level could be a healthy move, allowing BTC to establish a robust demand base. Such a pullback would offer a consolidation phase, which is typical before another major leg-up in a sustained rally. In the meantime, Bitcoin’s steady price action above recent highs is boosting investor confidence and keeping the overall outlook bullish, as BTC appears well-positioned for further gains. Featured image from Dall-E, chart from TradingView

Decentralized ledger platform Hedera has posted a solid set of third quarter (Q3) results, in line with broader market trends as the digital asset landscape enters a potentially transformative fourth quarter, providing insights into the future of its native token, HBAR. Hedera Achieves Record Revenue In Q3 Despite Price Corrections Delving into the data, Hedera’s circulating market capitalization fell 21% quarter-over-quarter (QoQ) to $2.2 billion in Q3. This decline followed notable performances earlier in the year, dropping HBAR’s market rank from 30th to 46th among all cryptocurrencies. The circulating supply of HBAR also saw a slight increase of 5%, totaling 37.6 billion HBAR. The HBAR price dipped by 20%, decreasing from $0.08 to $0.06, reflecting market volatility and challenges the broader crypto sector faced during the period. Despite the price corrections, Hedera achieved substantial revenue milestones. Revenue generated from network transaction fees reached an all-time high of 27.0 million HBAR in Q3, marking an 85% increase from the previous quarter and surpassing the prior record set in Q4 2023. The dollar-denominated revenue also rose by 10% QoQ to $1.6 million, making the third quarter of 2024 the second-highest quarter for revenue in USD, just shy of its all-time high. Hedera’s Consensus Service was a significant contributor, with revenue increasing by 94% QoQ, accounting for 89% of the network’s total revenue. Total Value Locked In HBAR Rises 9% Staking activity also remained robust, with 22.3 billion HBAR staked, representing 59% of the circulating supply. This high staking percentage is attributed to entities like Hashgraph that actively participate in network consensus while forgoing staking rewards. However, both daily average new accounts and active accounts saw declines of 22% and 23%, respectively, indicating a potential slowdown in user acquisition. On the operational front, daily average contracts increased by 24%, driven by spikes throughout September. In the decentralized finance (DeFi) space, while total value locked (TVL) in USD dropped 18% QoQ, the TVL in HBAR rose 9%, suggesting that the decline in USD value was primarily due to HBAR’s price depreciation rather than capital outflows. As the network prepares for Q4, Messari forecasts an increase in circulating supply by approximately 287 million HBAR, primarily aimed at fostering ecosystem development and supporting open-source projects. HBAR Price Outlook HBAR, currently trading at $0.069, has shown relatively flat price action as it enters the fourth quarter, especially when compared to major digital assets like Bitcoin (BTC) and Ethereum (ETH). Over the past week, Bitcoin has gained 24%, while Ethereum has surged by 31%. In contrast, HBAR has seen a more modest increase of 17%. Despite this recent uptick, HBAR remains 90% below its all-time high of $0.5692 reached in September 2021. This stark contrast becomes more pronounced as Bitcoin achieves new all-time highs for four consecutive days and Ethereum approaches its peak. Looking forward, HBAR faces three critical resistance levels that could hinder its upward momentum as the broader market appears ready to push higher. Having recently broken out of a consolidation phase between $0.047 and $0.062, HBAR’s first major resistance is at $0.078, a level that has acted as a barrier for the past four months. Should the Hedera token overcome this initial hurdle, it will then encounter additional resistance at $0.092 and $0.118, corresponding to the six-month and eight-month resistance levels, respectively. If HBAR can maintain its upward trajectory and break through these key resistance points, it may inch closer to its previous all-time highs, especially if the gains seen in key metrics in Q3 continue and translate into further price action. Featured image from DALL-E, chart from TradingView.com

Dogecoin (DOGE) is making news again, as analysts forecast a price increase. Following Trump’s recent election victory, the cryptocurrency has enjoyed a phenomenal 157% weekly increase, fuelled by increased speculation about the roles of Elon Musk and Trump in the incoming administration. Dogecoin On A Tear A number of cryptocurrencies, including Dogecoin, have experienced significant price gains as a result of Bitcoin’s recent rise to more than $88,000,000. This recently discovered interest in the cryptocurrency that was inspired by memes has given rise to conjecture regarding its future as well as price projections for the months or years to come regarding its value. Price Forecast For 2024 There is a wide range of forecasts regarding the value of Dogecoin for this year by various analysts. The conservative estimate ranges between $0.078 and $0.106, while the optimistic one goes to $0.45. Based on analysis, its value is anticipated to be $0.1194 and $0.1443 for the year. Again, the fluctuations are induced by market sentiments and other external causes. It’s interesting to note that the link between Dogecoin and Bitcoin is still strong, with a score of 0.92. What this means is that DOGE tends to go up or down with Bitcoin. According to analysts, this connection could be a double-edged sword. If Bitcoin goes down, Dogecoin might not be safe. Market Sentiment And Investor Interest The current market sentiment for Dogecoin is bullish, with a Fear & Greed Index score of 69, reflecting investor greed. DOGE has spent 19 of the last 30 days in the green, demonstrating its current rising trend. Dogecoin is also gaining popularity among retail investors, who are driven to the cryptocurrency field by its meme culture and community support. Meanwhile, according to an analyst, traders should expect massive upward swings followed by large pullbacks, continuing into 2025. A significant increase in volume should also drive the price higher. Despite this upbeat forecast, some analysts warn against having unrealistic expectations. While Dogecoin is expected to make significant gains, it may also see corrections along the road. One projection predicts a 12% reduction by December 2024. The Broader Crypto Landscape The broader cryptocurrency market is recovering, which began in 2023, owing primarily to Bitcoin’s revival. As Bitcoin continues to reach new highs, altcoins like Dogecoin frequently profit from the enthusiasm. However, experts advise that investors trying to diversify their portfolios should not rely solely on Bitcoin’s performance. Although Dogecoin is likely to appreciate in value significantly in 2024 and afterward — especially since the coin has recently gone up by 150% — investors should be careful because the market for cryptocurrencies is volatile. It is believed that the relationship between Bitcoin and Dogecoin will remain a factor on DOGE’s movement over the next few months. As usual, potential investors should do their own homework and examine market conditions before investing any funds. Featured image from Techpoint Africa, chart from TradingView

The Shiba Inu burn rate faces new challenges, as it has recorded a massive 82% decrease. This decline comes amid a period of recovery and positive momentum for the SHIB price, raising questions about whether the meme coin can still achieve its 2021 All-Time High of $0.00008. Shiba Inu Burn Rate Plummets In the last 24 hours, Shiba Inu’s burn rate has crashed by 82.32%. The Shibburn wallet tracker has reported this significant drop, revealing that only 81,937,558 SHIB tokens have been sent to dead blockchain wallets. This severe decrease in burn activity contrasts significantly with previous periods when millions of Shiba Inu tokens were burned daily. Shiba Inu achieved a historic feat not too long ago, burning $100,000 worth of SHIB tokens in one transaction. The SHIB burn mechanism is a procedure that involves sending a portion of tokens to an inaccessible or “dead” wallet to reduce supply, increase scarcity, and potentially trigger a bullish surge in the price of the coin. These burns, recorded by Shibburn, a dedicated burn tracker for the Shiba Inu ecosystem, are primarily driven by the SHIB community. While the drop in Shiba Inu burn rate may be a challenge, this development comes at a surprising time. The SHIB price has been showing signs of recovery this week, bouncing back from previous lows. The Shiba Inu price has surged 16.28% in just one day and appears to be on a continued bullish momentum. Additionally, whale volume has seen a spike, suggesting that investors are accumulating SHIB tokens. Despite the recent price recovery and whale activity, Shiba Inu’s rise to $0.00008 could be compromised by its recent decline in burn rates. This decline appears to be severe, as SHIB has not recorded any notable burns over the past week. Shibburn reports that in the last 77 days, burn rates have been down 88%. For Shiba Inu to surge to its $0.00008 ATH, the cryptocurrency will need to be driven by several bullish factors and positive market sentiment. A combination of heightened market demand, increased burn rates, and strong momentum could catalyze Shiba Inu to its ATH milestone. However, with the burn rate currently down, SHIB’s ongoing growth trajectory to a new ATH is now in question. SHIB Price Jumps 63% In One Week Amidst the low burn rate and broader market conditions, the SHIB price has been on a major upward momentum, recording price gains as it traces the bullish trend experienced by the Dogecoin price. CoinMarketCap data reveals that Shiba Inu increased by 63% in the past week and 62.35% in the last month. The meme coin is also trading at $0.000028 as of writing, after recording another surge in its value today. Although Shiba Inu is witnessing new gains, its daily trading volume appears to be mute, decreasing by about 11.23%.

Wilmington, Delaware, November 12th, 2024, Chainwire Expanding the Warped Universe with Mysten Labs and Sui Warped Games, an indie game studio consisting of web3 and veteran game developers who have a legacy in creating player-focused games like LEGO Universe, Jumpgate, and Dragons and Titans, is on a mission to onboard millions of players to expand the Warped Universe, an immersive blockchain-powered game where players’ actions and decisions shape the environment and influence each season’s direction. After extensive exploration, Warped Games selected Sui as the blockchain to support this ambitious vision, thanks to its player-friendly approach and innovations in the Move language. The announcement of Warped Games becoming an official partner with Mysten Labs arrives at a pivotal moment for blockchain gaming. With games like “Off The Grid” making strides toward mainstream adoption, this new collaboration marks another significant step in expanding blockchain gaming’s reach to a wider audience. Warped Universe: Empowering Players Player empowerment is at the core of Warped Universe’s design. Here, players will be able to engage in PvE action in single-player or co-op mode, with an innovative multi-genre design giving players the flexibility to choose between turn-based or real-time genres across both ground and space gameplay. Players will also get to choose missions that influence the broader “meta-game,” affecting the balance of light and gravity for all, leading to wild and chaotic scenarios as each season aims to build a unique solar system in the Universe. This level of control redefines what it means to participate in a player-driven virtual world. Breaking Barriers to Blockchain Accessibility One of the largest obstacles facing blockchain adoption today is its intimidating complexity for newcomers. Traditional blockchain experiences involve managing seed phrases, navigating wallets, high fees, slow speed, and unfriendly, often intimidating transactions—barriers that can alienate potential users. Sui’s design eliminates these hurdles by offering a seamless, user-friendly blockchain experience required by games like Warped Universe, aiming to appeal to a mainstream gaming audience. With Sui’s zkLogin feature, players can access the blockchain and create wallets using familiar credentials, like passkeys or existing logins, removing the need for seed phrases and technical know-how. For those who prefer greater control, Warped Universe will also allow players to connect their own self-custodied wallets, giving them the option to manage their assets independently. This accessibility empowers users to focus on what matters most—the game experience itself. Enhanced NFT Utility with Move Sui’s Move language and object model empower Warped Universe to create NFTs that go beyond static assets, offering dynamic, context-rich tokens that evolve with each player’s journey. Sui treats each asset as an individual, on-chain object with unique IDs and customizable fields, allowing NFTs to reflect player progression and deepen in-game immersion. Innovations extend to the use of closed-loop tokens for in-game purchases and season pass NFTs, which act as “time capsules”, allowing players to revisit exclusive content from past seasons. With each season in Warped Universe serving as a self-contained story arc, these season passes aren’t just NFTs—they’re gateways to the game’s evolving history, creating lasting value and enhancing player ownership. Kiosk: Marketplace Re-Imagined Kiosk is a decentralized system designed for commerce applications on the Sui network, similar to traditional markets where vendors sell goods or services from small, standalone booths. Just like in those markets, where individual sellers operate their own kiosks, owning the products on display and managing their own sales, with Kiosk, shared objects are owned by individual parties who store assets and may list them for sale as well as utilizing custom trading functionality, such as royalties and the ability to rent assets. Walrus: Re-Defining Digital Ownership In Warped Universe As Warped Universe expands, decentralized storage will play a crucial role in ensuring the authenticity and accessibility of in-game assets. Mysten Labs’ Walrus protocol is set to support this need, providing a secure and efficient way to store raw data and media files—such as images, audio, video, and other game assets—at low cost without compromising performance. Unlike traditional NFTs, which often store metadata off-chain on platforms like IPFS or AWS, Walrus enables both the NFT and its metadata to be stored in a decentralized manner. This integration introduces new ways for players in Warped Universe to experience genuine ownership of their digital assets, giving them the ability to store in-game captures or statistics, and creating a more immersive and reliable player-driven experience. High Performance, Scalability, and Environmental Responsibility In Warped Universe, players aren’t just playing a game; they’re building and defending entire solar systems each season, with their achievements and digital assets minted and transacted on-chain in the background. This model requires a blockchain capable of handling high transaction volumes both efficiently and affordably. Sui’s high throughput and low transaction costs make this possible, providing fast, cost-effective, and seamless on-chain transactions that support a robust gaming economy. Sui also prioritizes environmental sustainability by using a delegated proof-of-stake (DPoS) consensus model rather than energy-intensive proof-of-work. With its efficient Directed Acyclic Graph (DAG) architecture, Sui can process large transaction volumes with minimal environmental impact—aligning perfectly with Warped Games’ vision of a sustainable, responsible gaming ecosystem. Looking Ahead with Warped Universe and Sui Currently, the blockchain element in Warped Universe is the $WARPED token, an ERC-20 token designed to give holders a voice in game design, seasonal voting, discounts, potential rewards, and exclusives. While specific plans for the token’s future are yet to be announced, the Warped Universe team is committed to keeping current holders top of mind as they explore expanding to the Sui blockchain. Plans for the WARPED token, on-chain assets, skins, seasonal passes, and other elements will be shared in due time—stay tuned for updates. As Warped Universe continues to develop, the teams at Warped Games and Mysten Labs are dedicated to working closely together to explore practical blockchain integration in games, enhancing player ownership, scalability, and immersive gameplay. Together, through Warped Universe and the Sui blockchain, they’re building a unique, player-driven experience that showcases the future of blockchain gaming. Epic Wishlist—https://store.epicgames.com/en-US/p/warped-universe-f1cedb Website — https://warped.games Discord — https://discord.gg/warpedgames Telegram — https://t.me/WarpedGames X — https://x.com/warped_games About Warped Games Warped Games is an indie game studio dedicated to creating immersive, player-driven gaming experiences with a focus on blockchain integration. Known for pushing the boundaries of web3 technology, the team behind Warped Games combines industry veterans from both gaming and tech to bring innovative worlds like Warped Universe to life. About Mysten Labs Mysten Labs is a technology company focused on advancing blockchain infrastructure to support next-generation applications. Founded by experts in distributed systems, Mysten Labs developed the Sui blockchain, a high-performance, user-friendly platform designed to make blockchain technology accessible and scalable for mainstream audiences. Contact Business Development Reece Hubbard Warped Games Inc [email protected]

An announcement has been made about a strategic relationship between io.net, the DePIN that provides access to high-performance GPU clusters, and NovaNet, which is the decentralized network for zero knowledge proofs (ZKP). Through the partnership, the security and dependability of decentralized computing will be improved, and cryptographic guarantees will be implemented. NovaNet is a decentralized incentive network that uses zero knowledge proofs to provide locally verifiable computations while protecting users’ privacy. The folding scheme-based zkVM that it offers is at the vanguard of ZKP technology. It enables proofs that are safe, transparent, and memory-efficient, therefore protecting user data while still offering strong cryptographic assurances of legitimate computation. An advanced solution that will give cryptographic guarantees that GPU resources on io.net are authentic and perform as claimed will be the primary emphasis of the cooperation. This solution will be known as zero knowledge GPU Identification (zkGPU-ID). Through the use of NovaNet’s powerful ZKPs, it will be possible to guarantee that the computing resources offered by io.net providers are completely verified, safe, and satisfy the performance standards that have been declared. Through the use of zkGPU-ID, io.net and NovaNet will build a system that will verify that the specs of the GPU match or surpass the performance that has been reported. This will allow for increased dependability and transparency within the decentralized computing landscape. Tausif Ahmed, io.net VP of Business Development, said: Wyatt Benno, Technical Co-Founder of NovaNet, added: The operation of the zkGPU-ID process is accomplished by executing a customized protocol for GPUs across a secure software channel that is supported by zkVM. A ZKP is produced as a result of this, which indicates that the specifications of a GPU meet or surpass the lowest boundaries of its proposed performance. To properly test and identify graphics processing units (GPUs) throughout the io.net platform, this protocol makes use of NovaNet’s zkVM, also known as the zkEngine. Protection against manipulation is provided by the fact that any effort to reroute the process or interfere with it would result in an invalid or degraded evidence.

Gaia, a decentralized, open-source AI infrastructure platform, has announced a strategic partnership with InfStones, a global leader in blockchain node infrastructure management. This collaboration enhances Gaia’s mission to advance permissionless, censorship-resistant AI operations by integrating InfStones’ powerful infrastructure solutions to support scalable node deployment and management. Building a Collaborative Foundation for Decentralized AI The partnership with InfStones is a major advancement in Gaia’s vision to democratize AI, providing a stable and reliable infrastructure for Gaia’s decentralized network of AI agents. By combining Gaia’s AI agent framework with InfStones’ robust node solutions, users gain greater access to reliable, high-performance computing to empower developers, protocols, and individuals with tools that facilitate AI development. Optimized Node Infrastructure Gaia will leverage InfStones’ extensive node management solutions to enhance computing power across its network, bringing stability and responsiveness to Gaia’s AI agents. This ensures a smoother, more efficient experience for users while maintaining the integrity and reliability that are essential for a decentralized AI ecosystem. Streamlined One-Click Node Deployment InfStones will enable seamless, one-click deployment and hosting for Gaia’s inference nodes. This feature lowers the barrier to entry for node operators, allowing a broader base of users to participate in the Gaia network, regardless of technical experience. By simplifying access, the partnership encourages a more diverse community to contribute to and benefit from Gaia’s decentralized infrastructure. Traffic Management and Resource Optimization for Domain Nodes Gaia and InfStones are committed to optimizing performance across the network. Through single-click domain node deployment, users can efficiently manage traffic and resource distribution, ensuring secure, transparent, and scalable operations. This support fosters a trusted environment for developers and end-users alike, enhancing the network’s overall strength and resilience. Driving Value in the Decentralized AI Ecosystem Gaia’s partnership with InfStones establishes a new benchmark in decentralized AI infrastructure by advancing network scalability, enabling consistent performance across the decentralized AI ecosystem. Additionally, the partnership strengthens Gaia’s mission to deliver permissionless, censorship-resistant access to AI, promoting freedom and transparency within AI operations. By reducing barriers to entry for deploying network nodes, Gaia and InfStones are working towards a future where it’s easier than ever to contribute towards a collaborative AI knowledge network. About Gaia Gaia is a pioneering decentralized AI platform committed to transforming knowledge into a secure, collaborative ecosystem. Addressing issues in centralized AI—such as censorship, bias, and IP concerns—Gaia provides a knowledge-sharing framework that rewards knowledge creators while ensuring a dynamic, evolving foundation for new AI applications. With privacy and transparency at its core, Gaia is redefining AI to make knowledge accessible and protected for all. Website: www.Gaianet.ai GitHub: https://github.com/Gaia-AI Twitter: @Gaianet_AI About InfStones Founded in 2018, InfStones is the world’s leading blockchain infrastructure provider, backed by leading investors such as Softbank, GGV, Dragonfly Capital, HashKey Capital, Qiming Venture, and SNZ. Known for reliability, security, and speed, InfStones provides comprehensive Web3 infrastructure solutions for DeFi, NFT, GameFi, and decentralized applications. Trusted by top blockchain entities, including Binance, OKX, and Chainlink, InfStones powers a growing ecosystem with a commitment to empowering developers and enterprises worldwide. Website: https://infstones.com/ Twitter: @InfStones Media Contact Melrose PR Email: [email protected] Phone: +1 310-260-7901 Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The Ethereum Foundation sold 100 ETH for DAI, marking its first ETH sale since releasing its annual report. The sale is part of the foundation’s strategy to fund public projects and maintain its financial reserves. Today, the Ethereum Foundation made another significant move in its ongoing strategy to fund public projects and maintain reserves. For the first time since releasing its annual report, the foundation sold 100 ETH, swapping the cryptocurrency for the stablecoin DAI. This transaction followed a similar move in late October, where the Ethereum Foundation offloaded another 100 ETH in exchange for 270,800 DAI. According to the Spot On Chain, the sale of 100 ETH on November 12 brought in 334,315.7 DAI, adding to the foundation’s reserves. In 2024 alone, the foundation sold a total of 4,266 ETH for approximately $11.83 million, averaging a price of $2,773 per ETH. This strategic approach allows the Ethereum Foundation to maintain its financial stability while continuing to fund key public initiatives that support the Ethereum ecosystem. Ethereum Foundation’s Reserves Support Its Future As of October 31, 2024, the Foundation reported holding $970.2 million in assets, with $788.7 million stored in cryptocurrency. A staggering 99.45% of these holdings are in ETH, further emphasizing the foundation’s commitment to Ethereum’s future. Vitalik Buterin, the co-founder of ETH, has previously explained that these regular ETH sales are necessary to ensure the foundation has the necessary funds for development and to keep the ecosystem sustainable. With over 272.30K ETH ($883.296M) still in its reserves, the Ethereum Foundation remains a crucial player in the ongoing growth and success of Ethereum. Highlighted Crypto News Bitget Re-enters UK Market with 150 Tokens Following FCA Approval

Forget Shiba Inu (SHIB)—the real wealth-building potential this cycle lies in Rexas Finance (RXS). With its unique approach to tokenizing real-world assets, RXS has positioned itself as the next big thing in crypto, targeting a staggering 21,889% price surge. As RXS climbs the ranks on CoinMarketCap, it’s gaining traction among investors seeking exponential gains from a low-cost coin with serious growth potential. Positioned as a top project in the crypto space, RXS isn’t just a promising token—it’s the millionaire-maker you can’t afford to miss. Rexas Finance (RXS) Rexas Finance is growing as a leading project for long-term growth potential in 2024. RXS is an ERC-20 based token which reshape the way RWA are tokenized and traded providing investors a most prominent crypto project. Whether the crypto user is seeking fractional ownership in a property or to invest in tokenized gold, Rexas Finance makes the process easy with just a few clicks. This makes the platform ideal for both seasoned crypto investors and newcomers to the space. Key Features That Set Rexas Finance Apart Real-World Asset Tokenization: Rexas Finance provides a strategic and innovative solution for tokenizing tangible assets, enabling crypto users to buy or invest in tokenized real-world assets from anywhere in the world. Moreover, the platform’s revolutionary model enables both full and fractional ownership options, providing the way to a wide range of investment choices. Rexas Token Builder: With the Rexas Token Builder, crypto users can tokenize their assets—whether it’s real estate, fine art, or precious metals. More so, the tool empowers users to create liquidity and offer their assets to a global marketplace. Rexas Launchpad: The Rexas Launchpad provides a decentralized fundraising platform. This also eliminates the need for traditional financial intermediaries, asset owners can raise capital by providing their tokens to investors worldwide. Rexas Estate: Rexas Estate enables investors to co-own tokenized real-world properties, in the form of stablecoins and earn passive income. This feature makes everyday investors take part in the real estate markets that were once booked for the wealthy. Other Utilities: The Rexas ecosystem offers additional utilities like Rexas GenAI, a powerful tool for enabling unique digital artworks for the NFT space, and Rexas DeFi, which enables users to swap crypto across many networks. Rexas Treasury, a multi-chain yield optimizer, enables users earn compound interest on their crypto deposits, further enhancing the platform’s appeal. RXS Token: A Powerhouse in the Making RXS is an ERC-20 baked project. The project has a total supply of 1 billion tokens, RXS enables holders to take part in the key decisions regarding the platform’s future. As a result, early crypto users have the chance to influence the direction of the ecosystem, making the token a speculative asset and also a key component in the governance of a revolutionary platform. Furthermore, the total supply of RXS tokens is 1 billion. Rexas project has raised over $5.85M until now, with 75% of fifth stage of presale over. This presale program is important for the platform as it allows early investors to engage in what might turn into a revolutionary solution for RWA tokenization. Moreover, Rexas Finance has been listed on CoinMarketCap and CoinGecko, moreover, it will be listed on top 3 tier 1 exchanges. About Rexas (RXS) Rexas Finance is the user’s gateway to the future of asset management. Rexas allows users to own or tokenize virtually any real-world asset, from real estate and art to commodities and intellectual property worldwide. With Rexas, users gain access to a world where asset liquidity and investment choices are boundless. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.