Ethereum price started a fresh increase above the $3,120 resistance. ETH is showing positive signs but struggling to catch up Bitcoin’s momentum. Ethereum started a fresh increase above the $3,000 resistance zone. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,230 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,350 resistance. Ethereum Price Eyes Steady Increase Ethereum price started a fresh increase above the $2,880 resistance like Bitcoin. ETH was able to climb above the $3,000 and $3,120 resistance levels to move further into a positive zone. It even surged above the $3,250 level in the past few sessions. It is up over 5% and there was a move above $3,350. A high is formed at $3,390 before there was a minor pullback. There was a move below the 23.6% Fib retracement level of the upward wave from the $3,080 swing low to the $3,390 high. Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,230 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward wave from the $3,080 swing low to the $3,390 high. On the upside, the price seems to be facing hurdles near the $3,350 level. The first major resistance is near the $3,390 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,680 resistance zone. Are Dips Limited In ETH? If Ethereum fails to clear the $3,350 resistance, it could start a downside correction. Initial support on the downside is near the $3,280 level. The first major support sits near the $3,250 zone and the trend line. A clear move below the $3,250 support might push the price toward $3,150. Any more losses might send the price toward the $3,080 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $3,250 Major Resistance Level – $3,350

Amid Bitcoin’s pursuit to hit the six figures all-time high (ATH), a CryptoQuant analyst known as aytekin, has shared a comprehensive analysis on tools to assess Bitcoin’s market temperature, focusing on distinguishing useful from potentially misleading metrics. According to aytekin, investors’ concerns often center around Bitcoin’s ability to reach new peaks and when it might experience a market top. To navigate these questions, he highlighted two charts he pays less attention to for gauging market sentiment: “open interest” and the “supply in profit” metric. Challenges With BTC Key Metrics The analyst elaborated that establishing a causal link between price and open interest remains challenging, as historical data indicates that price fluctuations tend to drive changes in open interest levels rather than the reverse. Furthermore, the analyst reveals that with the growth of futures markets and Bitcoin’s adoption, higher levels of open interest are anticipated in the coming years. Another metric aytekin views as potentially misleading is the “supply in profit,” which measures overall network profitability. This metric correlates with Bitcoin’s nominal price, often leading to extreme spikes above 95% in profitability during ATH periods. However, aytekin suggests that reaching new highs would be problematic if extreme profitability consistently triggered major sell-offs. Instead, he recommends considering how long these high-profitability levels persist, noting that historically, such conditions have lasted up to a year within broader market cycles. Credible Metric Suggests Overheating Bitcoin? In contrast, the analyst emphasized two metrics he finds valuable for tracking Bitcoin’s market sentiment: the funding rate and the Spent Output Profit Ratio (SOPR). The funding rate, which tracks the cost paid between long and short positions in futures markets, serves as a tool to identify “overzealous” market optimism. Aytekin believes monitoring this metric offers better insights than open interest for assessing market conditions. As of now, he notes that funding rates are not signaling extreme market behavior. The analyst reveals that the SOPR metric clarifies profitability trends, particularly when smoothed using a 30-day moving average. Aytekin highlights that profitability alone is not inherently risky unless it coincides with supply movements within the market. The CryptoQuant analyst reveals that current SOPR levels indicate a market that, while showing signs of profitability, does not exhibit symptoms of overheating. Meanwhile, Bitcoin has been trading for $81,838, up by 2.4% in the past day. This trading price marks a 0.6% decline from the asset’s ATH of $82,379 created earlier today. When writing, the asset’s market capitalization sits above $1.6 billion with a 24-hour trading volume of $90.6 billion. Featured image created with DALL-E, Chart from TradingView

Bitcoin price is up over 10% and trading above $86,000. BTC is showing no signs of stopping and might aim for a move toward $100,000 in the near term. Bitcoin started a fresh surge above the $82,500 zone. The price is trading above $85,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $82,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise above the $88,500 resistance zone. Bitcoin Price Sets Another ATH Bitcoin price started a fresh increase above the $80,500 level. BTC cleared the $85,000 resistance and traded to a new all-time high. It posted a high at $89,600 and is currently consolidating gains. There was a minor decline below the $89,000 level. However, the price is still well above the 23.6% Fib retracement level of the upward move from the $78,555 swing low to the $89,600 high. There is also a connecting bullish trend line forming with support at $82,500 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $86,000 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $88,800 level. The first key resistance is near the $89,500 level. A clear move above the $89,500 resistance might send the price higher. The next key resistance could be $92,500. A close above the $92,500 resistance might initiate more gains. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $100,000 resistance level. Are Dips Limited In BTC? If Bitcoin fails to rise above the $88,800 resistance zone, it could start a downside correction. Immediate support on the downside is near the $88,000 level. The first major support is near the $84,000 level or the 50% Fib retracement level of the upward move from the $78,555 swing low to the $89,600 high. The next support is now near the $82,500 zone and the trend line. Any more losses might send the price toward the $80,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 80 level. Major Support Levels – $88,000, followed by $84,000. Major Resistance Levels – $88,800, and $92,500.

Many analysts are anticipating a bull run for Ripple’s XRP which could lead to an exponential growth, giving Ethereum and Bitcoin a run for their money. Several experts suggest that XRP’s potential price rally could be attributed to Donald Trump winning the US election, a political event that brought so much excitement to the cryptocurrency sector. XRP: 700% Price Hike Analysts said that XRP could be on the brink of a possible price rally based on historical price movement after an election. They predicted that the price could skyrocket by 700% to about $4.89 per coin if history repeats itself. Currently, the crypto is being traded at $0.6113 with a total market capitalization of $34.76 billion and a 24-hour volume of $2.82 billion. Market commentators said that they believed that XRP would greatly benefit from positive sentiment brought by the upcoming administration of pro-crypto Donald Trump. According to analysts, they see a potentially massive price surge for the digital currency because of the long-term pattern in its price movement and a possible repetition of the coin’s post-election trends. However, some market observers decided not to disclose any price target for the anticipated XRP upsurge. Meanwhile, other analysts suggested that the most optimistic forecast for a post-election surge would be a growth between 100% and 500%, saying that the XRP price would be somewhere between $1.22 to $3.67 per coin. Historical Price Rally Analysts studied the price movement of XRP in past US elections, saying that after the 2016 US election, the digital asset’s price went down in the next four months after the election poll. They however noted that after the initial price dip, the altcoin had a massive price rally which propelled the coin to a whopping 60,000% and hit the all-time high of $3.31, an event which is not far-fetched at the moment. If XRP would again surge by 60,000% after the election, it would reach the $367 level. Likewise, in the 2020 election, XRP also experienced a huge price uptick of 177%, coincidentally in the same month as in the 2016 breakout before a correction was done in December. New Record Highs Could Be Around The Corner Crypto analyst Dark Defender suggested that starting November 24, XRP could experience a major bull run using Bitcoin’s historical patterns. Another analyst, 360Trader agrees with Dark Defender on the bullish outlook for XRP, explaining that the coin’s extended price stability could fuel the rally. 360Trаdеr added that an indicator that XRP is building momentum for a bull run is the ongoing price stability. Mikybull Crypto said that XRP is poised for another price upsurge, expressing his confidence in the prospects of the cryptocurrency following the notable price rallies during the previous elections. Featured image from Pexels, chart from TradingView

Solana (SOL) recently saw its market cap surge past $100 billion, setting the stage for a potential all-time high (ATH) rally for its native SOL token. Solana Reclaims $100 Billion Market Cap, Is SOL ATH Imminent? Solana, currently the cryptocurrency with the fourth-largest market cap, recently joined the ranks of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) by surpassing the $100 billion mark in market valuation. At the time of writing, Solana’s native token SOL is trading at $216.43, marking impressive weekly gains of 32.6%. In comparison, Bitcoin has gained 19.6% and Ethereum 29.7% over the same period. To recall, SOL’s current ATH of $259.96 was recorded in November 2021, at the peak of the crypto bull market, buoyed by monetary easing as a measure to tackle the coronavirus pandemic. However, this upward momentum changed sharply for SOL at the height of the FTX crisis, with its price plummeting to a low of $8.68 in November 2022. SOL’s current market price thus reflects an almost 40x increase from these lows. Despite this substantial recovery, analysts believe there is still more room for SOL to rally, potentially setting a new ATH in its current price surge. Providing commentary on SOL’s recent price action, Julien Bittel, Head of Macro Research at Global Macro Investor, shared his analysis, saying that the SOL/BTC trading pair has broken out of an 8-month sideways consolidation channel, potentially moving toward the “banana zone” in Q4 2024. For the uninitiated, the “banana zone” in trading terms refers to a phase where the underlying asset may witness an explosive, parabolic price appreciation, leading to extraordinary gains in a short period. This breakout has positioned SOL for either an inverse head-and-shoulders pattern on the daily chart or a cup-and-handle pattern on the weekly chart, both incredibly bullish patterns for the altcoin. Another crypto trader, Bob Loukas, shared his outlook on X, stating that he wouldn’t be surprised to see SOL reaching a new ATH “within 14 days.” Loukas hinted that SOL could “get silly” in 2025, suggesting the potential for abnormal gains shortly. Overall Sentiment Bullish On SOL As BTC continues establishing new ATHs beyond $80,000, the wider crypto market appears to follow the leading asset’s price momentum. Among major altcoins, SOL has piqued the interest of several crypto analysts due to its potential to “flip” Ethereum’s market cap and become the leading smart contract platform. In related news, Solana’s decentralized finance (DeFi) ecosystem’s total-value-locked (TVL) rose to $5.7 billion during Q3 2024, signifying a 26% quarter-over-quarter (QoQ) growth. Some analysts are wary of SOL’s current price action, suggesting that the token might be headed for a sharp correction before further upside movement. BTC trades at $82,251 at press time, up 3.5% in the past 24 hours.

An analyst has pointed out a historical Dogecoin pattern that could suggest DOGE might see a bull run to as high as $23 this time around. Dogecoin Could Be About To Go Parabolic According To This Pattern In a new post on X, analyst Ali Martinez has discussed about where Dogecoin could be going next based on the pattern that has been observed during previous bull markets. Below is the chart shared by the analyst, which shows how DOGE has recently once again been showing a familiar trajectory in its monthly price. From the graph, it’s visible that Dogecoin had been trading inside a Descending Triangle pattern during the last few years, but the coin appears to have found a break above it recently. The Descending Triangle is a pattern in technical analysis (TA) that, as its name suggests, looks like a triangle slopped downwards. Generally, the bottom line of the triangle provides support to the asset’s price, while the top one can be a source of resistance. A break out of either of these lines can signal a continuation of trend in that direction. Thus, escapes out of the upper level, like the one that the memecoin has seen recently, can lead to a bullish outcome. As Martinez has highlighted in the chart, this isn’t the first time that Dogecoin has seen a long-term phase of consolidation inside a Descending Triangle. It would appear that the previous two such patterns also saw the cryptocurrency achieve breaks to the upside. Both of these breaks led to sharp bull runs for the coin, so it’s possible that the latest surge in the price is the start of something similar. As for how high DOGE might be able to go this time, the analyst has referred to Fibonacci levels. These levels are based on different ratios from the popular Fibonacci series. The first bull run topped out around the 1.618 Fibonacci level, which corresponds to the famous golden ratio that’s found in many natural formations. The second one saw the cryptocurrency go through a larger jump, with its top being situated around the 2.272 level as measured from the top of the last bull run (corresponding to 1.000). Based on these tops, Martinez believes that the top of the next Dogecoin bull run might lie somewhere between the two levels. Relative to the last bull run top, the 1.618 lower cutoff of the range translates to around $3.95, while the upper 2.272 one to about $23.26. If Dogecoin can manage to touch even the first of these targets, its price would have seen growth of over 1,310% from where it’s today. DOGE Price At the time of writing, Dogecoin is trading at around $0.285, up 86% over the last seven days.

Turning a small stake into millions isn’t just a dream; it’s possible with the right cryptocurrencies. As the market evolves, five promising coins priced under a dollar are catching attention for their potential to deliver extraordinary returns by 2026. Savvy investors are eyeing these affordable tokens, eager to capitalize on their growth before prices soar. One standout is XYZVerse (XYZ), a memecoin blending sports passion with crypto, aiming for remarkable growth through community-driven success. 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!<< JasmyCoin (JASMY) In a world where our devices are constantly connected, JasmyCoin (JASMY) is taking a stand for personal data ownership. Developed by Tokyo-based Jasmy Corporation, this cryptocurrency project combines the Internet of Things (IoT) with blockchain technology. The goal? To give users full control over their personal information. By creating a secure platform, Jasmy allows individuals to safely store, share, and even monetize their data. Service providers and data users can connect directly, fostering a trustworthy environment where personal assets are respected. As concerns about data privacy grow, JasmyCoin’s approach is gaining attention. By decentralizing data storage using edge computing and the InterPlanetary File System (IPFS), it ensures that individuals, not corporations, own their data. This sets it apart from many other cryptocurrencies that focus solely on financial transactions. In the current market, where the value of data is skyrocketing, JASMY offers a unique proposition. It taps into the rising demand for privacy and control, positioning itself well among emerging digital assets. With the IoT market expanding and more devices coming online, JasmyCoin’s vision aligns with global trends, making it a noteworthy player in the crypto space. XRP (XRP) Imagine sending money across the world as easily as sending an email. That’s the promise of XRP, a cryptocurrency on the XRP Ledger. Created by Jed McCaleb, Arthur Britto, and David Schwartz, XRP is fast, low-cost, and open to everyone. With no central authority, transactions are quick, secure, and irreversible. You don’t need a bank account to use it, making it accessible everywhere. XRP’s goal is seamless money movement, no matter your location or currency. XRP could change how we think about payments. Its technology allows near-instant transfers with minimal fees, a big advantage over traditional systems and other cryptocurrencies. While some coins are stores of value, XRP aims to bridge currencies globally. In the current market, XRP stands out due to its real-world use cases and support from Ripple. Though crypto markets are volatile, XRP’s focus on practical utility could make it attractive for those eyeing the future of digital payments. Pepe (PEPE) PEPE is a new memecoin launched on Ethereum as a tribute to the famous Pepe the Frog internet meme created by Matt Furie. Embracing its roots, PEPE keeps things simple and fun, appealing to the crypto community with a no-tax policy and by being upfront about its lack of utility. In late April to May 2023, PEPE experienced an explosive surge, with its market cap reaching a peak of $1.6 billion. Early holders saw astonishing gains, and the coin attracted a strong community of like-minded enthusiasts. The rise of PEPE has sparked what some call a “memecoin season,” with other meme-based cryptocurrencies experiencing wild price swings. PEPE’s roadmap includes listings on major exchanges and a planned “meme takeover.” With the upcoming Bitcoin halving and hopes for a new bull run, many are keeping a close eye on PEPE. While it’s uncertain how the coin will perform in the long term, its rapid ascent and dedicated following suggest it could continue to make waves in the current market cycle, much like Dogecoin and Shiba Inu did before it. Shiba Inu (SHIB) Shiba Inu (SHIB) is a cryptocurrency that started as a joke but is now turning heads. Inspired by Dogecoin, it sets itself apart by running on the Ethereum blockchain. This means it can work with many other apps and tools in the Ethereum world. Launched in August 2020 by someone named Ryoshi, SHIB began with a whopping one quadrillion tokens. Half of these tokens were given to Vitalik Buterin, one of the creators of Ethereum. He donated a big chunk to help with COVID relief in India and destroyed (or “burned”) 40% of the total tokens, making the remaining SHIB more valuable. Unlike Dogecoin, SHIB’s connection to Ethereum allows it to do more than just be a meme. It has its own decentralized exchange called ShibaSwap, where people can trade tokens without a middleman. SHIB also plans to introduce its own platform for digital art (NFTs) and a system where holders can vote on decisions (a DAO). These developments show that SHIB wants to be more useful. In the current market, where people are looking for coins with real-world uses, SHIB’s plans could make it more attractive to investors compared to other meme coins. Conclusion Amid the 2024 bull run, JASMY, XRP, PEPE, and SHIB hold promise, but XYZVerse (XYZ) could outshine them with its unique sports memecoin targeting 20,000% growth. 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 is signaling a potential surge, sparking renewed excitement in the cryptocurrency market. As the leading digital coin hints at a bullish movement, eyes are turning toward alternative cryptocurrencies that might be poised for significant gains. The anticipation of an altcoin upswing is fueling interest among those seeking the next standout performers in the crypto realm. Among these promising contenders is XYZVerse (XYZ), a unique memecoin that unites sports fans across various disciplines, blending meme culture with athletic enthusiasm in a community-driven ecosystem. 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!<< Ethereum (ETH) Ethereum has revolutionized the blockchain world since its launch in 2015 by Vitalik Buterin. As the first to introduce smart contracts, it opened the door to a vast ecosystem of decentralized applications (dApps). These applications power everything from finance to gaming without the need for intermediaries. With Layer 2 solutions like Arbitrum and Polygon, Ethereum has enhanced transaction speeds and reduced costs, making the network more efficient. The shift to Proof-of-Stake with the Merge in 2022 marked a significant evolution, improving energy efficiency and scalability. Upcoming features like sharding aim to further boost performance, solidifying Ethereum’s role at the forefront of blockchain innovation. Ether (ETH), the native currency of Ethereum, is central to this ecosystem. It facilitates transactions, rewards those who secure the network through staking, and acts as a valuable asset and collateral. Based on past price movements and patterns like the Bitcoin halving cycles, some predictions suggest that ETH could reach highs of $6,580.53 next year and have a yearly low of $2,700.31 by 2025. In the current market cycle, Ethereum’s continuous development and strong community support make it stand out among cryptocurrencies. Compared to others, its commitment to decentralization and efficiency positions it as a promising option in the evolving digital landscape. XRP (XRP) Imagine sending money across the world as easily as sending an email. That’s the promise of XRP, a cryptocurrency on the XRP Ledger. Created by Jed McCaleb, Arthur Britto, and David Schwartz, XRP is fast, low-cost, and open to everyone. With no central authority, transactions are quick, secure, and irreversible. You don’t need a bank account to use it, making it accessible everywhere. XRP’s goal is seamless money movement, no matter your location or currency. XRP could change how we think about payments. Its technology allows near-instant transfers with minimal fees, a big advantage over traditional systems and other cryptocurrencies. While some coins are stores of value, XRP aims to bridge currencies globally. In the current market, XRP stands out due to its real-world use cases and support from Ripple. Though crypto markets are volatile, XRP’s focus on practical utility could make it attractive for those eyeing the future of digital payments. Solana (SOL) Solana is shaking up the blockchain world with its focus on speed and scalability. Like Ethereum and Cardano, it supports decentralized applications, known as dapps. What makes Solana stand out is its ability to process transactions quickly. This is great news for developers looking to build apps that need fast and reliable networks. At the heart of Solana is SOL, its native cryptocurrency. People use SOL to make transactions, run programs, and support the network. Those who help keep the network running earn rewards in SOL. The potential of Solana lies in its unique approach to handling more transactions without getting bogged down. Unlike some other platforms, it doesn’t rely on sharding or adding extra layers to scale up. This means it’s simpler and potentially more efficient. In the current market, SOL is catching the eye of investors and developers alike. With high-capacity and speed, Solana could host products and services that need a lot of activity. Compared to older platforms that struggle with speed and high fees, Solana offers a promising alternative. For those watching market trends, SOL looks like an attractive option in today’s crypto landscape. Cardano (ADA) Cardano is making waves in the cryptocurrency world with its native token, ADA. Unlike many traditional blockchains, Cardano is built with sustainability and scalability at its core. It uses the Ouroboros proof-of-stake mechanism, which is far more energy-efficient than the energy-hungry proof-of-work models like Bitcoin’s. This means Cardano can process transactions without the hefty environmental cost. Its innovative two-layer system separates transaction processing and smart contract computations. The Cardano Settlement Layer handles the transactions, while the Cardano Computing Layer manages smart contracts. This design allows Cardano to potentially process up to a million transactions per second, making it one of the fastest in the industry. In the current market, ADA stands out as a promising option. With growing concerns about the environmental impact of cryptocurrencies, Cardano’s green approach is attracting attention. While Ethereum’s ETH has been a leader in smart contracts, Cardano offers a compelling alternative with lower fees and higher efficiency. The introduction of Cardano native tokens in March 2021 has expanded its capabilities, allowing for secure and cost-effective interactions with smart contracts. As decentralized finance apps, crypto tokens, and blockchain games continue to grow, Cardano’s sustainable platform positions ADA as a strong contender in the evolving crypto landscape. Conclusion ETH, XRP, SOL, and ADA are promising, but XYZVerse, the first all-sport memecoin, targets 20,000% growth by blending meme culture and sports in a community-driven ecosystem. 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.

Cardano surges 35% to seven-month high at $0.63 before retracing. RSI reaches 78.79, highest since December 2023, indicating overbought conditions Political catalyst emerges as Hoskinson announces potential Trump administration involvement Cardano demonstrates significant price volatility following founder Charles Hoskinson’s announcement regarding potential involvement in future US crypto policy development. The market reaction triggers technical warnings as price discovery continues at elevated levels. Cardano shows overextended market conditions Multiple technical indicators suggest overextended market conditions as ADA trades beyond traditional boundaries. The Relative Strength Index registers 78.79, significantly above the standard overbought threshold of 70, while price action extends beyond the upper Bollinger Band, traditionally signaling potential reversal zones. Source: TradingView Recent price movement shows ADA testing critical resistance at $0.60, representing a level unseen since April’s trading sessions. This dramatic appreciation follows Hoskinson’s November 9 announcement regarding potential collaboration with Washington lawmakers on cryptocurrency policy initiatives. Cardano investors now focus on key support levels at $0.54 and $0.40, representing potential stabilization points should current overbought conditions trigger profit-taking activity. However, sustained momentum above $0.60 could drive prices toward the year’s high of $0.81. The convergence of political catalysts and technical warnings creates an intriguing market dynamic for ADA’s short-term prospects. These factors suggest careful monitoring of Cardano volume patterns and price action remains crucial for confirming sustained strength or potential reversals. Trading activity around these critical levels will likely determine ADA’s ability to maintain recent gains, as market participants balance fundamental developments against technical indicators suggesting overextended conditions.

Brevis has announced that it has raised $7.5 million in seed funding, with Polychain Capital and Binance Labs leading the effort. IOSG, Nomad Capital, Bankless Ventures, Hashkey, and other prominent angel investors have also contributed. Brevis is a smart verifiable computing platform that gives current blockchains infinite scalability without state fragmentation or liquidity. Blockchain applications may now transfer costly and sophisticated computations that were previously unable to complete on-chain to a minimal-cost off-chain network where a ZK Proof of the computation result is produced thanks to Brevis. The applications may then use the computing result with the same degree of security as direct on-chain computation, all totally trust-free, and at a fraction of the cost, thanks to the verification of this ZK Proof in on-chain smart contracts! As our initial product, Brevis introduced a ZK Coprocessor that enables smart contracts to access and perform arbitrary computation on historical on-chain data, including states, transactions, and events, in a trustless manner. Without having to comprehend the underlying mathematical and cryptographic complexities, developers can quickly create robust data-driven and computation-intensive dApps using Brevis’s programmable SDK. Brevis opens up new use cases and features like autonomous DeFi parameter tuning, trust-free active liquidity management, user engagement and retention programs, decentralized blockspace marketplaces, intent automation, continuous protocol incentive distribution, trust-free active liquidity management, and much more. Brevis also reveals its launch partners, who are leveraging the Brevis SDK to create and introduce innovative new features and solutions. Some of these partners, including Kwenta, JoJo Exchange, and Trusta, have already introduced Brevis-powered features on the mainnet. Brevis-powered next-generation product features are being built by several other popular protocols and dApps, including PancakeSwap, Usual Money, Gamma, Quickswap, Tokemak, Algebra, Thena, 0G, and Hemera. Additionally, Brevis introduced one of the first EigenLayer AVSes to support a unique propose-challenge coprocessing model, which significantly lowers ZK computation costs at the expense of a little longer delay. “Brevis is pioneering a transformative approach to verifiable off-chain computation, creating unprecedented scalability and functionality for blockchain applications. At Polychain, we’re committed to supporting projects that push the limits of blockchain infrastructure, and Brevis stands out with its innovative use of ZK Proofs to bring complex, data-driven computation to smart contracts in a trust-free way,” said Olaf Carlson-Wee from Polychain, “We believe Brevis’s vision will redefine what’s possible for blockchain developers and unlock a new wave of advanced decentralized applications.” “The current landscape of smart contracts offers very simple computation capabilities and limited data access. Brevis’ move to create a new asynchronous architecture expands the capability of blockchains without introducing any additional trust,” said Andy Chang, Investment Director, Binance Labs. “Binance Labs champions early-stage projects that are building innovative solutions to onboard the next wave of users into Web3, and we are excited to support Brevis’ efforts in revolutionizing verifiable computing and unlocking a wide array of possibilities.” “We believe that Web3 will evolve to a “glue-and-coprocessor” architecture similar to how modern Web2 services are able to handle billions of users.” said Michael Tung, cofounder of Brevis, “In the future, blockchains will act as the “glue” and offload the bulk of computation to Brevis, a platform of off-chain “coprocessors”. Though the computation happens off-chain, Brevis’s advanced ZK computing stack ensures that all results can be trustlessly verified and utilized back on-chain. Without causing liquidity or state fragmentation, Brevis will enable so many new dApps and a new level of user experiences that were never possible before.” Brevis intends to use this additional capital to grow its R&D team in order to create and integrate other critical off-chain verifiable computing components, improve its decentralized prover network, and hasten the adoption of the current production-ready ZK Data Coprocessor.

DOGE reaches new 52-week peak at $0.308, gaining 25% in 24 hours Weekly chart shows breakout from rounding bottom pattern Fibonacci projections suggest potential targets at $0.5408 and $1.00 Dogecoin demonstrates remarkable momentum as price action breaks crucial resistance levels amid strengthening technical indicators. Recent movements suggest potential for continued appreciation as market sentiment shifts decidedly bullish. Dogecoin breaks free from falling channel formation Trading activity reveals significant pattern completion as DOGE breaks free from a falling channel formation, establishing higher lows while surpassing the previous yearly peak of $0.2850. Current Dogecoin price action maintains position above the critical 1.272 Fibonacci extension at $0.2783, suggesting sustained buying pressure. Multiple technical indicators align to support bullish continuation, including positive MACD crossovers and favorable exponential moving average configurations. The weekly timeframe reveals completion of a rounding bottom pattern, traditionally signaling potential trend reversal following extended consolidation periods. Fibonacci analysis projects immediate targets at the 1.618 extension level of $0.3756, while longer-term objectives align with the 38.20% retracement at $0.5408. Dogecoin market participants speculate about potential movement toward the psychological $1.00 threshold, representing a 285% appreciation from current levels. The convergence of technical breakouts, pattern completions, and momentum indicators creates compelling evidence for continued strength in DOGE’s market position. Dogecoin trading activity around newly established support levels will likely determine DOGE’s ability to maintain recent gains as market participants balance technical confirmations against the potential for profit-taking at significant psychological levels. Price action in coming sessions could provide crucial insights into whether this momentum can drive DOGE toward projected targets as traders navigate between technical signals and broader market dynamics.

Shiba Inu, once a sensation in the cryptocurrency arena, has seen a significant drop from its peak value, causing many to question its ongoing allure. As its momentum wanes, investors are on the lookout for fresh opportunities that could offer substantial returns. Emerging tokens are catching attention, showing promise to potentially outshine established players in the market. One such token is XYZVerse (XYZ), the first all-sport memecoin uniting fans across football, basketball, MMA, and eSports, aiming to become a cultural icon in both sports and crypto. Dominate the Field with XYZ: The Next Meme CoinChampion! 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!<<< Dogwifhat (WIF) Dogwifhat (WIF) is the latest dog-themed meme coin catching attention on the Solana blockchain. Inspired by the viral Dogwifhat meme, this coin embraces the fun and quirky side of internet culture. Meme coins like WIF are known for building strong communities around shared jokes and viral trends. They stand out by turning internet memes into digital assets, creating a sense of camaraderie among holders who enjoy being part of something humorous and light-hearted. What makes WIF interesting is its potential to grow within the vibrant Solana ecosystem. Solana’s fast and low-cost transactions could give WIF an edge over meme coins on other platforms. In a market where meme coins like Dogecoin and Shiba Inu have shown that community and hype can drive significant attention, WIF might attract those looking for the next big thing. While the crypto market is always unpredictable, and meme coins are especially volatile, the unique charm of Dogwifhat could make it an appealing choice for enthusiasts who appreciate both memes and the potential for high-risk, high-reward investments. Pepe (PEPE) PEPE is a new memecoin launched on Ethereum as a tribute to the famous Pepe the Frog internet meme created by Matt Furie. Embracing its roots, PEPE keeps things simple and fun, appealing to the crypto community with a no-tax policy and by being upfront about its lack of utility. In late April to May 2023, PEPE experienced an explosive surge, with its market cap reaching a peak of $1.6 billion. Early holders saw astonishing gains, and the coin attracted a strong community of like-minded enthusiasts. The rise of PEPE has sparked what some call a “memecoin season,” with other meme-based cryptocurrencies experiencing wild price swings. PEPE’s roadmap includes listings on major exchanges and a planned “meme takeover.” With the upcoming Bitcoin halving and hopes for a new bull run, many are keeping a close eye on PEPE. While it’s uncertain how the coin will perform in the long term, its rapid ascent and dedicated following suggest it could continue to make waves in the current market cycle, much like Dogecoin and Shiba Inu did before it. Conclusion With SHIB’s decline, alternatives like WIF and PEPE offer new prospects. Yet, XYZVerse (XYZ) stands out by merging memes and sports in a community-driven platform aiming for significant growth. 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.

The Dogecoin price could be gearing up to reach the coveted $1 All-Time High (ATH) as the meme coin has just displayed a rare technical indicator known as the Textbook Weekly Golden Cross. Kevin, the crypto analyst on X (formerly Twitter) who identified this Golden Cross on the Dogecoin chart, predicted that the pattern could set off a price rally toward the $1 mark. Golden Cross Sparks $1 Target For Dogecoin Price The world’s largest meme coin, Dogecoin, has just completed the “Textbook Weekly Golden Cross“ for the first time in four years, signaling that higher prices are likely ahead. The Dogecoin price has been on a major bullish momentum this month, and recent price movements suggest that the cryptocurrency is poised for an even greater price rally. According to Kevin, a Golden Cross typically occurs when the 50-day Simple Moving Average (SMA) crosses above the 200-day SMA on a chart. This 50 MA represents the average price of a cryptocurrency over a shorter term, while a 200 SMA indicates a price average over a longer term. More often than not, during a Golden Cross formation, the shorter-term average moves above the longer-term average, which is usually considered a bullish signal that indicates a possible price uptrend. For the Dogecoin Textbook Weekly Golden Cross, the analyst has suggested that the meme coin could see greater upward momentum to new highs around the $1 price target. Kevin shared a price chart Depicting Dogecoin’s steady rise to new ATHs. With the Dogecoin price currently trading around $0.28, the analyst has highlighted several bullish targets for the meme coin, with some even surpassing the $1 target. Currently, at the 0.618 Fibonacci level, the Dogecoin price is projected to surge to the 0.73838 Fibonacci level at $0.8. Additionally, the meme coin is expected to rise steadily towards the 1.0866 Fib between $0.95 and $1.1. Notably, the crypto analyst disclosed that the last time the Dogecoin price experienced a Textbook Weekly Golden Cross was in 2020, during the previous crypto bull run. Kevin revealed that Dogecoin experienced a dip for weeks during that time, followed by a substantial rally to new ATHs. As a result, the analyst has urged investors to stay cautious, especially in the short term, as Dogecoin could display some volatility or experience a dip before moving upwards. Analyst Says Golden Cross To Drive DOGE Even Higher In another X post, crypto analyst Milkybull Crypto also announced that a Golden Cross has occurred on the Dogecoin weekly chart. However, instead of a $1 price target, the analyst has set a bullish target between $2 and $4 for Dogecoin. The analyst is confident that this bullish price prediction is possible this cycle, as Dogecoin has historically undergone what he describes as ”life-changing rallies“ when this Golden Cross occurs. Currently, the price of Dogecoin is trading at $0.28, marking a 23.24% increase in just one day and an 84.66% surge over the past seven days, according to CoinMarketCap.

Bitcoin has proven unstoppable, breaking all-time highs five times in six days and surging past the $82,000 mark. This latest milestone cements Bitcoin’s momentum as it pushes into uncharted territory, capturing the bulls’ attention and sparking new levels of optimism in the market. According to recent data from CryptoQuant, the number of bullish investors is growing rapidly, yet there’s reason to believe Bitcoin’s rally is far from over. CryptoQuant’s insights indicate that BTC remains significantly below its March 2024 peak in several key metrics, which suggests that Bitcoin may still have room to climb within this cycle. This gap highlights that, despite the impressive gains, Bitcoin could still be building toward a true cycle peak, with potential gains yet to be realized. As investor sentiment strengthens and Bitcoin shows resilience at each new level, the market watches closely for signs of continued upward momentum. The next few days will be crucial in determining just how far Bitcoin can go as it solidifies its place in the next phase of this bull run. Bitcoin Bulls Enter The Room Bitcoin bulls have returned after eight months of sideways consolidation and significant selling pressure. With Bitcoin now trading 11% above its previous all-time high from March, market sentiment has turned decisively bullish, marking the start of a new trend. According to data from CryptoQuant analyst Axel Adler, the number of bullish investors in the market is steadily rising, signaling growing confidence. However, despite this uptick, the current rally lacks the frenzied demand seen during the March 2024 rally, when both retail and institutional interest reached euphoric levels. Adler’s data indicates that while bulls have a strong foothold in the market, the pace of accumulation by new retail and institutional participants is still relatively modest. This gap between the current market dynamics and those seen in March suggests that Bitcoin’s latest surge may be just the beginning rather than the end of its upward trajectory in this cycle. The slower but steady rise in buying interest could indicate that Bitcoin is still in the early stages of this bullish phase, with room for further growth before reaching a cycle peak. For investors, this could present a promising opportunity. The subdued retail and institutional excitement level suggests that Bitcoin has yet to capture mainstream attention as it did during previous peaks. If demand rises gradually, Bitcoin may experience sustained growth over the coming months, potentially reaching new highs as momentum builds. BTC Setting New High Bitcoin recently set a new all-time high above $82,000, which many investors previously viewed as a likely local top. However, BTC’s price action remains robust, and it may be too soon to call for a definitive peak. Despite this upward momentum, a potential pullback to $77,000 could be on the horizon, as there is an unfilled gap in the CME futures market between $77,000 and $81,000—a technical level that often attracts price action as traders look to close the gap. This week will likely bring significant volatility as bulls control the market. With Bitcoin in uncharted territory, some investors may seize the opportunity to lock in profits, which could introduce selling pressure. Nonetheless, the dominant trend is bullish, and a brief correction to $77,000 could provide a foundation for further upside. Bitcoin’s strength remains intact for now, but all eyes will be on how it responds to the volatility and whether it can maintain this high range or dip slightly before resuming its climb. Featured image from Dall-E, chart from TradingView

Turning a small investment into a life-changing sum is the dream of many crypto enthusiasts. Meme coins have shown the potential to deliver extraordinary returns in a short time. Some emerging tokens are capturing attention with the possibility of explosive growth, offering chances to multiply an initial stake many times over. XYZVerse (XYZ), a pioneering memecoin merging sports fandom and internet culture, aims for huge growth by creating a community-driven platform where enthusiasts can engage and benefit. 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!<< Shiba Inu (SHIB) Shiba Inu (SHIB) is a cryptocurrency that started as a joke but is now turning heads. Inspired by Dogecoin, it sets itself apart by running on the Ethereum blockchain. This means it can work with many other apps and tools in the Ethereum world. Launched in August 2020 by someone named Ryoshi, SHIB began with a whopping one quadrillion tokens. Half of these tokens were given to Vitalik Buterin, one of the creators of Ethereum. He donated a big chunk to help with COVID relief in India and destroyed (or “burned”) 40% of the total tokens, making the remaining SHIB more valuable. Unlike Dogecoin, SHIB’s connection to Ethereum allows it to do more than just be a meme. It has its own decentralized exchange called ShibaSwap, where people can trade tokens without a middleman. SHIB also plans to introduce its own platform for digital art (NFTs) and a system where holders can vote on decisions (a DAO). These developments show that SHIB wants to be more useful. In the current market, where people are looking for coins with real-world uses, SHIB’s plans could make it more attractive to investors compared to other meme coins. Dogwifhat (WIF) Dogwifhat (WIF) is the latest dog-themed meme coin catching attention on the Solana blockchain. Inspired by the viral Dogwifhat meme, this coin embraces the fun and quirky side of internet culture. Meme coins like WIF are known for building strong communities around shared jokes and viral trends. They stand out by turning internet memes into digital assets, creating a sense of camaraderie among holders who enjoy being part of something humorous and light-hearted. What makes WIF interesting is its potential to grow within the vibrant Solana ecosystem. Solana’s fast and low-cost transactions could give WIF an edge over meme coins on other platforms. In a market where meme coins like Dogecoin and Shiba Inu have shown that community and hype can drive significant attention, WIF might attract those looking for the next big thing. While the crypto market is always unpredictable, and meme coins are especially volatile, the unique charm of Dogwifhat could make it an appealing choice for enthusiasts who appreciate both memes and the potential for high-risk, high-reward investments. Dogecoin (DOGE) Back in 2013, Dogecoin started as a joke. Billy Marcus and Jackson Palmer created it as a fun alternative to serious cryptocurrencies like Bitcoin. With a Shiba Inu dog as its logo, it quickly caught the internet’s attention. Unlike Bitcoin, which is scarce, Dogecoin was made to be abundant. New coins are mined every minute, and there’s no cap on how many can exist. In 2021, something surprising happened. Dogecoin’s value soared, reaching over $50 billion in market cap. Social media buzz, especially from Elon Musk, turned this meme coin into a top ten cryptocurrency. Now, people are asking if Dogecoin has real potential. Its technology isn’t as advanced as some newer coins, but its strong community keeps it going. The limitless supply might seem like a problem, but it also means Dogecoin can stay affordable. In the current market, where many look for the next big thing, Dogecoin stands out for its simplicity and charm. While it may not have the cutting-edge features of other cryptocurrencies, its popularity and the backing of influential figures make it interesting to watch. Whether it’s a good investment now depends on where you think the market is headed, but Dogecoin’s journey shows that even a joke can turn into something serious. Pepe (PEPE) PEPE is a new memecoin launched on Ethereum as a tribute to the famous Pepe the Frog internet meme created by Matt Furie. Embracing its roots, PEPE keeps things simple and fun, appealing to the crypto community with a no-tax policy and by being upfront about its lack of utility. In late April to May 2023, PEPE experienced an explosive surge, with its market cap reaching a peak of $1.6 billion. Early holders saw astonishing gains, and the coin attracted a strong community of like-minded enthusiasts. The rise of PEPE has sparked what some call a “memecoin season,” with other meme-based cryptocurrencies experiencing wild price swings. PEPE’s roadmap includes listings on major exchanges and a planned “meme takeover.” With the upcoming Bitcoin halving and hopes for a new bull run, many are keeping a close eye on PEPE. While it’s uncertain how the coin will perform in the long term, its rapid ascent and dedicated following suggest it could continue to make waves in the current market cycle, much like Dogecoin and Shiba Inu did before it. Conclusion SHIB, WIF, DOGE, and PEPE have strong potential, but XYZVerse combines sports and meme culture, aiming for massive growth and community-driven success. 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.

TON climbs 11% weekly to reach $5.5, highest since October 21 Historical In/Out of Money shows 21.91 million addresses now profitable TON could rally to $6.15 with support at $4.92 Toncoin demonstrates renewed market strength as profitability metrics improve amid broader market recovery. Recent price action suggests potential for continued appreciation as technical indicators align with improving holder statistics. Toncoin on-chain metrics Toncoin wallet analysis reveals significant shifts in profitability distribution, with 22.81% of addresses currently showing unrealized gains while 18.31% reach breakeven status. The remaining 58.88% of holders await price recovery to reach their entry points, potentially providing future buying pressure. Source: IntoTheBlock Money Flow Index readings indicate strengthening buy-side momentum on daily timeframes, supporting the recent price appreciation. This technical confirmation aligns with improving market sentiment as total cryptocurrency market capitalization approaches $2.75 trillion. Toncoin price activity encounters immediate resistance at $5.28 while maintaining crucial support levels at $4.92 and $4.78, according to Fibonacci retracement analysis. These technical levels provide the foundation for potential continuation toward the $6.15 target, assuming the current market structure holds. The convergence of improving holder profitability and technical formations creates compelling evidence for sustained recovery in TON’s market position. These factors suggest careful monitoring of volume patterns remains essential for confirming momentum continuation. Trading dynamics around established support levels will likely determine TON’s ability to maintain recent gains as market participants balance improving fundamentals against potential profit-taking at resistance zones. Market participants now focus on defense of key support levels at $4.92 and $4.78, recognizing potential invalidation of bullish scenarios could trigger retracement toward $4.46.

As SHIB hints at a potential upswing fueled by expanding investor interest, the crypto market is abuzz with speculation about which tokens might be next to soar. Traders and enthusiasts are watching closely for digital currencies that combine popular themes with vibrant communities, anticipating significant growth opportunities in emerging assets. Enter XYZVerse (XYZ), an innovative memecoin uniting fans across football, basketball, MMA, and esports. By blending meme culture with sports passion, XYZ aims to surpass recent success stories with its unique community-driven ecosystem. 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!<< Shiba Inu (SHIB) Shiba Inu (SHIB) is a cryptocurrency that started as a joke but is now turning heads. Inspired by Dogecoin, it sets itself apart by running on the Ethereum blockchain. This means it can work with many other apps and tools in the Ethereum world. Launched in August 2020 by someone named Ryoshi, SHIB began with a whopping one quadrillion tokens. Half of these tokens were given to Vitalik Buterin, one of the creators of Ethereum. He donated a big chunk to help with COVID relief in India and destroyed (or “burned”) 40% of the total tokens, making the remaining SHIB more valuable. Unlike Dogecoin, SHIB’s connection to Ethereum allows it to do more than just be a meme. It has its own decentralized exchange called ShibaSwap, where people can trade tokens without a middleman. SHIB also plans to introduce its own platform for digital art (NFTs) and a system where holders can vote on decisions (a DAO). These developments show that SHIB wants to be more useful. In the current market, where people are looking for coins with real-world uses, SHIB’s plans could make it more attractive to investors compared to other meme coins. Conclusion SHIB and others are strong, but XYZVerse (XYZ) combines meme culture and sports, aiming for 20,000% growth and offering early adopters a unique, community-driven ecosystem. 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.

Renowned economist Henrik Zeberg has released a technical analysis of Dogwifhat (WIF) on X, forecasting a massive 2,500% price surge for the memecoin. According to Zeberg’s analysis, WIF is poised for a significant rally, potentially reaching $78, driven by a larger ABC pattern and a series of smaller subwaves. How Dogwifhat (WIF) Price Could Hit $78 Zeberg’s weekly WIF/USDT chart illustrates a large ABC corrective pattern, a fundamental structure in technical analysis that indicates a retracement phase within a broader bullish trend. This ABC pattern, according to Zeberg’s analysis, could eventually culminate at point C around $78. This target is based on the completion of the larger ABC structure, with the price reaching new highs once the correction phase concludes which he describes with the words “economy catches up with bull market.” Within this larger ABC structure, Zeberg also maps out a series of five smaller waves, which are part of the overall upward momentum in the market. These five waves align with the principles of Elliott Wave theory, a method used to predict price movements based on market psychology. In Zeberg’s chart, the five waves (labeled 1 through 5) represent the early stages of the price rally, with the first wave being the initial breakout, and the subsequent waves following through with increasingly higher price points. The first wave drove the WIF price to a high of $3.04, followed by a correction in the second wave that brought it down to $2.00. With the correction now complete, Zeberg predicts that WIF could catapult to $6.59. For wave 4, Zeberg anticipates a dip to $4.59 before the memecoin takes off towards $15.24. The chart also highlights important Fibonacci retracement and extension levels, which Zeberg uses to project potential support and resistance zones as WIF progresses. The 2.618 Fibonacci extension level, positioned around $6.59, aligns with Zeberg’s immediate short-term target. Following this, higher extension levels at 3.618 and 4.618 ($11.96 and $21.69, respectively) suggest further upward momentum, which could take the price to the anticipated $78 target if the market continues to follow this trajectory. Zeberg’s prediction for the near term includes a price movement towards $6.3 by the end of this week, followed by a brief pullback. From there, he expects WIF to climb towards $13-$15 by late November or early December. These intermediate price targets are key milestones in the larger cycle that will eventually lead to the projected price of $78, marked by the completion of the ABC pattern. Zeberg writes via X: “Could we see ~6.3 USD by end of week. Then pullback before move to ~13-15 USD by end of November – early December? If WIF manages these steps – well then ~78 USD is a probable target. I’m extremely BULLISH!!!!” At press time, dogwifhat traded at $3.079.

The Bitcoin price trajectory has been nothing short of impressive since the beginning of November. Notably, Bitcoin has been up by about 20.8% from its November low of $67,690, which has allowed it to break into new all-time highs successively. Interestingly, technical analysis of the Bitcoin price suggests this uptrend isn’t stopping soon, and Bitcoin holders can continue to expect gains as the year draws to a close. According to crypto analyst Tony “The Bull” Severino, CMT, the SuperTrend indicator is now pointing to a bullish continuation for the Bitcoin price. What’s more intriguing is the fact that this marks the first time the indicator is rising after 34 weeks of sideways movement. SuperTrend Indicator Points To Bullish Continuation Crypto analyst Tony “The Bull” Severino has added further weight to this positive outlook surrounding the Bitcoin price. According to his analysis, the recent bullish price action has seen the SuperTrend indicator, an indicator often used to gauge market direction, trending upwards for Bitcoin on the weekly timeframe. Interestingly, technical analysis of the Bitcoin price chart on the weekly candlestick timeframe shows that the SuperTrend indicator had been moving horizontally since March 2024 up until recently. Throughout this period, the indicator held steady despite volatility, even during Bitcoin’s downward spike in August, when Bitcoin dipped to $49,600. Even then, Bitcoin managed to recover, finding support on the weekly SuperTrend line. Next Target For The Bitcoin Price Recent market dynamics have seen the Bitcoin price reeling in bullish sentiment. To put this in context, the Bitcoin price has been trading within a range of $78,649 to $81,800 in the past 24 hours, with a trading volume of $83.7 billion, according to CoinGecko. As such, Bitcoin now has an all-time high of $81,800 at the time of writing, although it has corrected a bit and is currently trading at $80,965. Now, with the SuperTrend indicator turning upward, there is a renewed sense of optimism for Bitcoin’s price trajectory. As noted by Tony Severino in another post on social media platform X, the recent uptrend has seen Bitcoin kicking off a new upside move within an uptrend channel that has been in formation since October 2023. Interestingly, the first guaranteed target in light of this upside move is in the middle of the uptrend channel, which Severino highlighted to be $100,000. With Bitcoin currently trading at around $81,000, this target represents a further increase of about 23.5%. However, if the Bitcoin were to reach the upper trendline of this uptrend channel, it would see it reaching the $170,000 price threshold, which would represent a 110% increase from the current price.

The leading cryptocurrency on the market, Bitcoin (BTC), hit a new all-time high of $84,000 on Monday amid increased inflows into the digital asset market and expectations for further gains in the final months of the year. This surge comes in the wake of Donald Trump’s recent victory over Democrat candidate Kamala Harris in the US presidential election, with Bitcoin experiencing a 23% increase over the past week and a 5.5% rise in the last 24 hours. Optimism Grows For $100,000 Bitcoin Bloomberg reports that as Bitcoin hits a new record high, options traders are now targeting the $100,000 mark, speculating that it could be reached before the end of the year. Traders on options exchange Deribit are particularly active, with large bets being placed on Bitcoin reaching this milestone. A notable $100,000 call option set to expire on December 27 has garnered significant attention, with reports indicating that it has already increased in value by 30%. Nick Forster, founder of Derive, a decentralized finance protocol for options trading, commented, “We’re witnessing some significant movements in the wake of the US election.” As of Monday morning in London, there was approximately 9,635 Bitcoin—valued at around $780 million—in open interest tied to bets on Bitcoin hitting $100,000 by the December expiration. According to Bloomberg, this represents the highest amount of capital riding on any single trade for that expiry date, with Deribit estimating an 18.6% probability of this trade paying off. Uptrend Linked To Anticipated Regulatory Changes Under Trump Le Shi, managing director at market-making firm Auros in Hong Kong, noted that the current uptrend in the broader market is due to a number of promises made by Trump during the election campaign. These include making Bitcoin a strategic reserve asset for the US, firing the chairman of the US Securities and Exchange Commission (SEC) on his first day in office and introducing a clearer regulatory framework to support the market’s growth. Shi believes that the combination of favorable market conditions, growing institutional interest, and a supportive regulatory environment under Trump’s administration could create a conducive backdrop for further price appreciation. At the time of writing, BTC is trading at $84,122. Featured image from DALL-E, chart from TradingView.com