N3TWORK Studios unveils the Legendary Heroes Unchained (LHU) game on Base together with its Legendary ecosystem, marking a significant milestone for the gaming industry. With the release of LHU’s Epoch 1, N3TWORK Studios presents a cutting-edge digital ecosystem in which users assume the roles of creators and owners, going beyond conventional roles. LHU is raising the bar for what onchain gaming can do by fusing deep, strategic gameplay with true digital ownership. Empowering Players with Real Agency and Customization Through extensive customization, gameplay, and ownership choices, LHU offers gamers a onchain experience that goes much beyond asset acquisition. By customizing heroes and territories with special abilities, traits, and aesthetics, players may create a totally unique experience. Players will be able to expand their assets into external games and personal tales as LHU’s Epochs develop, creating relationships that go beyond any one experience. Novel Gameplay Primitives enable new creativity options The digital primitives of heroes and land—a versatile, open framework that gives users the opportunity to design, develop, and recreate their digital worlds—are at the core of LHU. With the help of this framework, players may create heroes, manage guilds, and establish empires while also keeping the resources they have shaped. Players may realize their own vision outside of the game and experience a combination of creativity and ownership that is not possible in conventional gaming thanks to assets that go beyond LHU itself. Community-Driven Ecosystem of Ownership, Creation and Play In an effort to foster community innovation, N3TWORK Studios is also making some of its software open-source, allowing the community to expand upon its digital framework and add their own works to help LHU develop. In addition to being the first game in the larger Legendary Ecosystem, LHU is intended to provide a distinctive gaming experience. Here, players have actual, verifiable ownership over their heroes and lands, which are assets that will only become more useful and valuable as the game’s roadmap develops. A no download, Web & Mobile premier gaming experience On November 7, Loyalty Pass holders will be able to access Legendary Heroes Unchained’s Epoch 1, which will open to the public 24 hours later. Built using Unity WebGL, LHU is a revolutionary desktop, web, and mobile Hero Collector RPG that is safe, secure, and incredibly user-friendly. It is made possible by Coinbase Smart Wallet, Reown (formerly WalletConnect), and FortePay, an all-in-one Web3 purchasing solution, which guarantees a seamless and secure payment experience while handling conversion, cryptocurrency, and fiat transactions. Julius Hong, Executive Producer with N3TWORK Studios, said: Neil Young, Chairman at N3TWORK Studios, added:

Solana reaches $201.19 before slight pullback to $197.67 Technical indicators show bullish momentum with multiple crossovers Network TVL approaches yearly high at $6.855 billion with $3.67 million in daily fees The fourth-largest cryptocurrency by market capitalization demonstrates sustained bullish momentum as it challenges significant psychological barriers supported by robust network metrics and technical formations. With a market capitalization reaching $94 billion, Solana’s recent price action suggests potential for continued upward movement. Solana technical patterns align Price action reveals an inverted head and shoulders pattern completion, with current movements representing a post-retest phase following support at the 50% Fibonacci level ($159.54). The recovery phase has produced four consecutive positive daily candles, translating to a 26.39% price appreciation from recent lows. Solana Technical indicators present compelling evidence for sustained momentum, featuring both MACD bullish crossover and golden cross formations between key moving averages. However, the 100-day SMA’s position below the 200-day average suggests medium-term sentiment requires further confirmation. Fibonacci extension analysis projects potential targets at $224 and $253, corresponding to 1.272 and 1.618 extension levels, respectively. Support established at $183.65 (78.60% Fibonacci retracement) provides a foundation for possible healthy retests during the upward trajectory. SOL network fundamentals reinforce positive price action as Total Value Locked (TVL) approaches $7.248 billion, currently standing at $6.855 billion. Daily fee collection of $3.67 million, generating $1.83 million in revenue, indicates robust network utilization and growing demand for SOL tokens. The convergence of technical formations, network metrics, and market positioning creates a compelling case for continued strength, though careful monitoring of key support levels remains crucial for maintaining bullish market structure.

The strong performance of Ethereum in recent days has caught the attention of experts. In several posts on X, prominent fund managers and industry leaders have projected a bullish outlook for Ethereum (ETH), positioning it to outperform Bitcoin (BTC) with a target price of $8,000. This optimism is underpinned by anticipated regulatory advancements for the decentralized finance (DeFi) ecosystem. Why Ethereum Could Outperform Bitcoin Raoul Pal, Founder and CEO of Global Macro Investor, articulated his perspective on ETH’s potential resurgence in a post that has garnered significant attention within the crypto community. “I’ve been expecting ETH to start gaining lost ground on BTC. It’s partly driven by the risk-taking cycle but it’s also driven by the election,” Pal stated. Pal highlighted two primary factors contributing to ETH’s anticipated outperformance. The first one is the enhanced utility in DeFi: “Utility tokens in DeFi begin to offer yield or reward of underlying protocol which creates network value. Most of this is on ETH,” Pal explained. The second factor is the adoption by Traditional Finance (TradFi). “TradFi will likely begin to build larger use cases but on the most tested, adopted chain. Think of ETH (and the L2’s) as the Microsoft of web3. No one gets fired for using it,” Pal asserted. These developments, according to Pal, are poised to “dramatically re-rate ETH and offset the current retail adoption on other chains,” with the added advantage that ETH yields will attract more institutional players. He emphasized the potential for constructing sophisticated financial products, such as guaranteed funds, under improved regulatory conditions. “With better regs this activity will explode,” Pal concluded. Supporting Pal’s outlook, Dan Tapiero, founder and CEO of 10T Holdings—a growth equity fund specializing in mid-to-late stage investments within the digital asset ecosystem—commented on Pal’s post: “Yup. More eloquent version of what I posted last night. Very funny.” Tapiero referenced his own earlier assertion that “Ethereum too cheap. Gonna explode from here. Gensler and Co killed Defi in the US in ’22-24. Not killed now. Long Live US Defi. Break of $4k going over $8k in the next year.” However, Pal also noted a hierarchical adoption landscape within the crypto space, suggesting that while ETH may outpace BTC, it might underperform Solana (SOL) and, subsequently, Sui (SUI). “My view is that ETH begins to outpace BTC for the rest of the cycle but underperforms SOL and SOL underperforms SUI as SUI is in the ultimate performance stage of adoption – early > proven. Let’s see,” he remarked. The discourse around Ethereum’s prospects also attracted engagement from the broader crypto community. A user named Himura (@aceddeca1) proposed an alternative investment thesis: “ETH will be fine but if that is your thesis it would be better spent on UNI especially with Unichain … Uniswap going to own chain is the base token you wish Coinbase would launch.” Pal responded succinctly, “Interesting thought.” Additionally, concerns regarding potential biases were raised by user Galavis (@FedericoGalavis): “Be careful with SUI folks as only 0.82% of the supply has been unlocked. Are you a paid SUI promoter Raoul? If you are you better disclose.” Pal countered, “You need to do more research on all your comments,” addressing the speculation over his impartiality. Notably, Pal serves as a Board Member at the Sui Foundation, a fact that may inform perceptions of his commentary on SUI. At press time, ETH traded at $2,916.

After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders speculating on what might come next. As the token retraces from recent highs, attention now turns to pivotal support levels that could dictate its recovery potential. Will these key levels hold the line and fuel a bounce-back, or is PEPE in for a longer dip? This article will provide an in-depth look at PEPE’s current price movement within its correctional phase. By highlighting significant support and resistance levels, this piece seeks to equip investors and traders with valuable insights into possible rebound zones and the factors that could influence its recovery or further declines. Understanding PEPE’s Correction: What Triggered The Pullback? PEPE has recently taken a bearish shift on the 4-hour chart, encountering strong resistance at $0.00001152. This struggle to sustain the uptrend has triggered a decline, pushing the asset toward the 100-day Simple Moving Average (SMA). A drop below this SMA could amplify selling pressure, while a rebound might signal a potential price reversal. An analysis of the 4-hour Relative Strength Index (RSI) suggests that bullish strength may be waning. Currently, the RSI has fallen to around 68% from the overbought zone, indicating that the buying pressure is diminishing. If the RSI continues to drop, it may indicate that the market is becoming more oversold, possibly paving the way for a deeper correction. On the daily chart, PEPE is exhibiting significant negative movement, as reflected by a bearish candlestick. This ongoing downward trend highlights a prevailing selling pressure within the market. Although the meme coin is currently trading above the 100-day SMA, which is typically seen as a bullish indicator, the strength of the bearish candlestick suggests that upward momentum may be limited. Finally, on the 1-day chart, the RSI signal line is approaching the critical 50% level after rising above it. The 50% mark represents a neutral zone, suggesting a balance between buying and selling pressure. A dip below 50% could signal a shift towards bearish sentiment, while holding above or climbing back above 50% may imply continued bullish strength, possibly leading to more price gains. Where PEPE Could Find Stability Key support levels are crucial price points where PEPE could find stability and reverse its current downtrend. One of the primary support levels to watch is the $0.000000766, which has historically acted as a crucial level of support. If PEPE’s price approaches this level, it could trigger renewed buying interest, potentially leading to a rebound. However, should the meme coin break this level, it could lead to a prolonged decline, possibly pushing the price toward $0.00000589 and beyond.

As the crypto market rides the bullish wave spurred on by Donald Trump’s win in the United States Presidential elections, the Dogecoin price has emerged as a top performer, gaining over 25% earlier this week. With momentum building toward a potential all-time high, a crypto analyst highlights that Dogecoin’s downside risk has significantly decreased. This positive shift is attributed to the recent bullish trend across the 1-month, 2-month, 3-month, and 6-month candles, which are now turning bullish. Dogecoin Price Outlook Brightens With Long-Term Candles In a recent technical analysis, a crypto analyst on X (formerly Twitter) identified as ‘The Coach’ declared that the Dogecoin long-term candles, specifically the 1M, 2M, 3M, and 6M indicators, are all turning bullish. These monthly candles reflect a cryptocurrency’s price performance over an extended period and are often used to gauge larger market trends. In the case of Dogecoin, these long-term candles highlight that the meme coin has recorded consistent price increases, experiencing strong monthly, quarterly, and biannual market performance. Based on the long-term bull candles, The Coach surmised that the downside potential for Dogecoin has grossly reduced. This means that the likelihood of the Dogecoin price experiencing substantial declines is now much lower, suggesting a more stable and possibly bullish outlook in the near term. So far, analysts have suggested that if Dogecoin can bounce from its current price level of around $0.19, it could easily break the $0.22 threshold and prepare for its next bullish price target. While The Coach is confident of Dogecoin’s bullish outlook, he acknowledged that a few obstacles could hinder this projected price increase. Factors like market volatility could create sudden short-term fluctuations, making sustained price growth challenging for Dogecoin. Additionally, profit-taking from short-term holders could also stall Dogecoin’s momentum. DOGE Unlikely To Hit $1 This Month In another more recent X post, The Coach expressed optimism about Dogecoin’s price movement, highlighting the overall positive market trend for DOGE. However, he disclosed that it was uncertain if the meme coin could reach $1 this month. While a $1 price target may seem overly ambitious, The Coach has emphasized that Dogecoin will inevitably reach higher highs. He also noted that if Dogecoin were to hit the $1 mark, it would happen rapidly and without warning, leaving many struggling to comprehend how it occurred. Moreover, the analyst has revealed that with the support of SpaceX and Tesla Chief Executive Officer (CEO), Elon Musk and the newly elected US President, Donald Trump, Dogecoin could see even more bullish price increases, possibly reaching the new price highs around the $0.3 level. As of writing, the price of the meme coin is trading at $0.197, reflecting a 3.66% rise in the last 24 hours and a 24.15% increase over the past week, according to CoinMarketCap.

XRP surges 3.5% in 24 hours, breaking above $0.52 support level Chaikin Money Flow reaches 0.20 while Balance of Power sits at 0.36 Can XRP create new highs? Ripple’s native token XRP demonstrates renewed market strength as price action pushes above critical support levels, accompanied by robust technical indicators suggesting sustained buyer interest. The cryptocurrency’s movement reflects broader market optimism while testing significant resistance at $0.56. XRP technical metrics signal bullish momentum The Chaikin Money Flow indicator reveals increasing buying pressure with a reading of 0.20, confirming genuine market demand rather than speculative movement. This technical measure provides insights into money flow patterns, suggesting sustained accumulation rather than distribution phases dominating recent trading sessions. Supporting this bullish narrative, the Balance of Power indicator registers 0.36, highlighting buyers’ current market control. This metric’s positive territory reading reinforces the observed price action, indicating potential for continued upward momentum as bulls maintain their aggressive stance. Source: TradingView Derivatives markets echo spot trading optimism through positive funding rates, currently sitting at 0.011%. This premium in perpetual futures contracts suggests traders maintain bullish positioning, anticipating further price appreciation beyond current levels. Market participants now focus on the crucial $0.56 resistance level, which represents a significant hurdle before potential movement toward the psychologically important $0.60 mark. Breaking this resistance could reignite momentum last seen during early October’s trading sessions. The convergence of positive technical indicators, strong derivatives market sentiment, and sustained buying pressure creates a favorable environment for XRP’s short-term price trajectory. However, a successful breach of current resistance levels remains crucial for maintaining bullish market structure.

Ethereum has finally surged after breaking through a critical resistance level that had kept the price subdued since early August. This move has shifted market sentiment, as many investors and analysts previously doubted ETH’s potential in the current cycle, expecting it to lag behind. However, Ethereum’s recent strength is starting to reshape these perspectives. Prominent analyst and investor Ali Martinez recently shared insights indicating that while Ethereum’s momentum is building, the much-anticipated “Altseason” hasn’t arrived just yet. According to Martinez, this stage of the cycle typically sees Bitcoin outperforming Ethereum and other altcoins—a common pattern as BTC often leads market rallies. This dynamic could provide a strategic opportunity for investors looking to enter ETH and other altcoins before the broader market euphoria begins. As Ethereum gains traction, market participants are keeping an eye on further confirmations of its breakout, with many speculating that once Bitcoin’s lead cools, capital may flow more aggressively into altcoins. Ethereum Waking Up Ethereum is making a remarkable comeback, surging over 22% in just two days of strong upward momentum. While this performance is impressive, key data highlights that Bitcoin is still leading the market, slightly overshadowing Ethereum’s gains. For savvy investors, this could present a prime opportunity to start accumulating Ethereum and select altcoins before they potentially rally in the next phase of the cycle. Ali Martinez, a prominent analyst, recently shared a Glassnode chart revealing insights on the “Bitcoin Altseason Indicator.” This tool compares net capital flows between Bitcoin and Ethereum, showing that while Ethereum is on the rise, Bitcoin’s net capital change is currently outpacing it. This trend confirms that Altseason—where altcoins outperform Bitcoin—hasn’t begun yet. Martinez points out that such dynamics are typical for this stage, with Bitcoin usually leading the initial rally and Ethereum following shortly after. Historically, Altseason often arrives once Bitcoin’s price momentum stabilizes, as capital flows from Bitcoin into high-potential altcoins. Many seasoned investors recognize this part of the cycle as an ideal time to accumulate ETH and strong altcoins at attractive prices before the broader market shifts its focus. In the coming weeks, the relationship between BTC and ETH performance will be closely watched, potentially setting up a shift in market sentiment and capital distribution. ETH Technical View Ethereum recently surged past a critical resistance at $2,820, breaking above the 200-day exponential moving average (EMA) and touching the 200-day moving average (MA) at $2,955. This marks a significant bullish move, as ETH had been trading below these levels since early August, and reclaiming these indicators is seen as a positive signal for further gains. For the bullish momentum to continue, ETH must break above and sustain itself above the daily MA at $2,955, solidifying this breakout as a foundation for the next phase of the uptrend. However, some analysts suggest that a period of consolidation just below the 200 MA could be beneficial, allowing ETH to gather strength for a more sustained rally. This pause could temper the rising euphoria and avoid overextension in the short term. As the market sentiment turns increasingly optimistic, many investors are eyeing this level closely. Holding above these critical indicators would give bulls more control, potentially setting Ethereum up for a more robust recovery as it targets new highs. Featured image from Dall-E, chart from TradingView

Ethereum experiences a 7% daily surge following Bitcoin’s new all-time high MVRV ratio reaches 10.21%, historically indicating potential correction zone Whale addresses show modest increase from 5,524 to 5,534 since October 30 The second-largest cryptocurrency by market capitalization is demonstrating notable price momentum, driven by Bitcoin’s recent record-breaking performance. This market movement has propelled Ethereum to significant daily gains, sparking discussions about sustainability and future price trajectories. Ethereum market metrics and whale behavior Source: Santiment The Market Value to Realized Value (MVRV) ratio for Ethereum currently stands at 10.21%, surpassing the traditional 8% threshold that typically signals correction territory. Historical data suggests varying correction points, with May’s peak reaching 16% before a significant pullback occurred, indicating potential room for continued upward movement despite current levels. Whale activity presents an intriguing development as addresses holding minimum 1,000 ETH increased modestly over a week-long period. While the absolute increase appears minimal, this accumulation pattern suggests renewed confidence among significant market participants, though current whale address counts remain below previous periods’ highs. Technical indicators reveal a favorable setup with exponential moving averages forming a golden cross pattern, traditionally interpreted as a bullish signal. This technical formation, combined with broader market momentum, suggests potential for further price appreciation toward the $3,400 resistance level, representing a possible 32% increase from current valuations. Supporting factors include Bitcoin’s continued strength and overall market sentiment, though traders remain cautious given historical correction patterns at similar MVRV levels. Should bearish pressure emerge, key support levels at $2,574 and $2,378 could become critical testing points for maintaining market structure. The interplay between technical indicators, whale behavior, and broader market dynamics creates a complex landscape for Ethereum’s short-term price action. While bullish momentum remains strong, historical metrics suggest careful monitoring of key levels and potential correction scenarios.

Julia Ramirez, a 22-year-old finance major at New York University, has recently hit the jackpot in an unexpected way. An early investor in BONK, the Solana meme coin that skyrocketed in popularity earlier this year, Julia watched her modest initial investment explode in value as BONK’s price surged. Now, with BONK price volatility settling, she’s shifting her focus to BlockDAG, a new player in the cryptocurrency scene. Believing that BlockDAG has similar growth potential, Julia is all in, inspired by BlockDAG’s technological promise and its recent BULLRUN100 bonus offer, which gives a 100% bonus on all coin purchases and early access to an airdrop. Let’s dive into Julia’s journey, her decision to pivot to BlockDAG, and what makes BlockDAG an attractive choice for crypto enthusiasts. From BONK to BlockDAG: Julia’s Crypto Journey Julia first heard about BONK from friends in her college finance club, who were abuzz with stories of “meme coin” success. Inspired by Dogecoin’s rise, BONK captured the internet’s attention as a Solana meme coin with a distinctive appeal. Taking a leap of faith, Julia invested $500, hoping to see modest returns. However, as BONK price soared, Julia found herself sitting on $45,000, a life-changing sum for a college student. But BONK’s journey was volatile. With BONK price dipping as quickly as it surged, Julia knew it was time to look for a more stable yet promising opportunity. That’s when she discovered BlockDAG, a Layer 1 blockchain merging blockchain and Directed Acyclic Graph (DAG) technology for high-speed, decentralized transactions. She believes BlockDAG could replicate the success of BONK but with more sustainable growth, especially given BlockDAG’s innovative technology and recent advancements. Why BlockDAG? Key Features and Benefits BlockDAG has quickly gained attention in the crypto community, distinguishing itself with a combination of blockchain and DAG technology, setting it apart from traditional blockchains. This unique setup allows BlockDAG to process transactions faster, positioning it as a competitor to networks like Solana, but with greater scalability. In addition to its technological appeal, BlockDAG has attracted a wave of users through its community-focused initiatives. For example, its TG Tap Miner game has drawn over 70,000 players, promoting social engagement and rewards through gaming. The company’s X1 Miner app also reached a milestone with over 200,000 downloads, showing a strong user base eager for decentralized applications. Julia sees BlockDAG’s community-centric approach as a sign of long-term potential, which makes her confident in moving her investments there. Adding to this momentum is BlockDAG’s latest BULLRUN100 bonus offer, which provides buyers a 100% bonus on their coin purchases, plus early access to its anticipated airdrop. Julia plans to take advantage of the BULLRUN100 bonus, believing this incentive could fuel BlockDAG’s growth by attracting more users and expanding its community, much like BONK attracted meme coin enthusiasts. The Roadmap and Community Engagement BlockDAG’s roadmap is another factor that caught Julia’s attention. Following the completion of its presale, which raised over $105.5 million and yielded a remarkable 2100% return for early participants, BlockDAG is preparing for its mainnet test phase launch on November 14, 2024. The mainnet will undergo testing before going live, an important step in ensuring reliability and scalability. The BULLRUN100 bonus, a limited-time offer, has drawn a lot of interest from crypto enthusiasts, particularly those looking for the next big thing after the BONK price rally. Julia is excited about the opportunity to get early access to BlockDAG’s airdrop, seeing it as a chance to increase her holdings while being part of a promising project from the start. As a student familiar with the potential for explosive growth in the crypto world, she’s confident that BlockDAG’s roadmap and strategic incentives position it well to replicate, if not surpass, BONK’s success. Looking Ahead: Can BlockDAG Match BONK’s Success? For Julia and others eyeing the crypto market, BlockDAG offers a compelling alternative to traditional meme coins. While BONK’s Solana meme coin rise was driven largely by internet hype and market speculation, BlockDAG is grounded in practical technology and has shown a clear commitment to building a lasting ecosystem. The combination of scalability, high-speed transactions, and community-driven applications makes BlockDAG stand out. Plus, the BULLRUN100 bonus offers an attractive entry point for buyers looking to maximize their initial investments, a sentiment that has resonated strongly with early adopters. Julia sees BlockDAG as a coin that not only has the potential to match the initial gains she saw with BONK but also sustain those gains over time. Key Insights Julia Ramirez’s journey from a modest BONK investment to a serious commitment to BlockDAG is a reflection of the evolving interests in the crypto space. While BONK price fluctuations highlighted the risks of meme coins, BlockDAG’s innovative approach and community-oriented incentives, such as the BULLRUN100 bonus, offer a fresh avenue for growth. With BlockDAG’s mainnet launch just around the corner and its presale success showcasing strong demand, Julia is optimistic about what’s to come. For those inspired by Julia’s story, BlockDAG represents a potential “next big thing” in the crypto world. Whether it reaches the heights of BONK or blazes its own trail, one thing is clear: BlockDAG is positioning itself as a serious player in a market that’s always looking for the next breakthrough. And as Julia gears up for another exciting journey in crypto, she’s hopeful that BlockDAG could be the investment that, once again, makes her future a little brighter Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu

Cryptocurrency has given rise to incredible stories of financial transformation, none more inspiring than that of John Mitchell, a New York City taxi driver who turned a humble $1,000 investment in Ethereum into a fortune. When he first heard about Ethereum back in 2015, John took a leap of faith, seizing an opportunity that most people dismissed as just another tech fad. His journey from cab driver to millionaire captures the life-changing potential that early investments in the right blockchain projects can hold Today, a new project named BlockDAG (BDAG) is drawing similar attention, offering early adopters an exclusive advantage through its BULLRUN100 phase. But could BlockDAG deliver returns similar to Ethereum? This article explores John’s success story and delves into the exciting potential of BlockDAG for investors seeking the next big thing in crypto. A New York City Cab Driver’s Journey with Ethereum John Mitchell never imagined that his life as a New York City taxi driver would lead to financial freedom. Spending countless hours behind the wheel, ferrying passengers through the city’s vibrant streets, John overheard his fair share of conversations. But one late-night ride in 2015 changed everything. Tech enthusiasts in his backseat were deep in discussion about a new cryptocurrency called Ethereum, describing its potential to revolutionize finance and technology. Intrigued, John did something unexpected—he decided to take a gamble. He invested $1,000 in Ethereum, buying it at roughly $0.90 per Ether. Back then, most people didn’t understand what Ethereum was—or what it could become. Launched in 2015, Ethereum introduced a groundbreaking way for developers to create smart contracts and decentralized applications (dApps) on its blockchain. Its native cryptocurrency, Ether (ETH), was more than just a digital coin; it represented the fuel for a new wave of technology. Still, it was a risky bet, and few predicted that this small investment would one day transform John from a hardworking cab driver into a millionaire. Fast forward to November 2021. Ethereum had reached an all-time high of $4,878 per ETH, and John’s initial $1,000 investment had turned into millions. The taxi driver who had taken a chance on something new and unfamiliar had become part of crypto folklore, living proof of the life-changing potential of early investments in innovative blockchain projects. BlockDAG’s BULLRUN100 and Airdrop Perks Offer Unique Opportunities John’s story resonates with so many people because it’s a powerful reminder that opportunity often lies in unexpected places. Today, there’s another project that’s creating a similar buzz in the crypto community—BlockDAG. Just as Ethereum did in its early days, BlockDAG is attracting attention for its groundbreaking technology and potential to deliver massive returns for early backers. BlockDAG is a next-generation blockchain platform, designed as a Layer 1 solution that combines the traditional blockchain with a Directed Acyclic Graph (DAG) structure. This hybrid approach enhances the network’s scalability, efficiency, and security—solving some of the key issues that Ethereum and other early blockchain projects faced. It’s not just the tech that’s impressive; BlockDAG’s presale has been a massive success, already raising over $115.5 million. For those looking to buy early, BlockDAG offers a unique opportunity through its BULLRUN100 phase. Anyone who buys during this phase receives a 100% bonus, effectively doubling their initial investment. In addition to the bonus, participants in the BULLRUN100 phase also become eligible for an early airdrop of BlockDAG’s coins at launch, a “golden ticket” that provides exclusive access to the project’s features and perks. More details will be shared as the launch date approaches, but the BULLRUN100 offer is already attracting buyers eager to gain an edge in what could be the next big thing in crypto. The presale is structured across 45 batches, allowing investors to contribute at various stages. Early participants will benefit not just from the bonus coins but also from the early airdrop, maximizing their returns in the process. For those who recall Ethereum’s early days, BlockDAG’s presale structure and rapid growth feel familiar. The potential for high returns on early investment and the unique BULLRUN100 advantage make BlockDAG an enticing opportunity Drawing comparisons to Ethereum’s early days is no small feat, but BlockDAG has the momentum to back it up. While Ethereum’s smart contract capabilities set the stage for dApps and DeFi, BlockDAG aims to push the envelope even further, delivering faster transaction speeds, lower costs, and enhanced security—all critical factors as the blockchain ecosystem matures. The Last Part As the BlockDAG presale gains traction, it’s sparking discussions among seasoned investors and newcomers alike. Could this be the next Ethereum? Only time will tell, but its successful presale, strong backing, and innovative approach have already set it apart from the crowd. In an industry built on innovation and vision, BlockDAG is quickly becoming a name to watch. Just as John heard whispers of a new opportunity during a routine night shift, today’s investors are listening closely to the rumblings around BlockDAG. Will this new project deliver the same kind of life-altering wealth that Ethereum did? The answer remains uncertain, but for those willing to take a chance, BlockDAG—and the BULLRUN100 opportunity—could be the key to unlocking a new chapter of financial freedom. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu

Ethereum has had a rough year, but recent insights from industry insiders indicate a possible comeback. Matthew Sigel, VanEck’s Head of Digital Assets Research, recently indicated that Ethereum is oversold. He thinks that raising speculative interest in the altcoin will enable its comeback. This comes as Ether tries to catch up with rivals such as Bitcoin and Solana, which far exceeded it in 2024. A Shift In Market Sentiment Sigel spoke on The Tie’s latest episode in which he hopes Ethereum will go in the right direction. He also noted that, although Ethereum faces problems, particularly regarding EIP-4844 in which it changes its economic model, opportunities can still emerge for a “bottom.” The market is now a little conservative, but Sigel sees the commodity drifting back into speculation, bringing price back up and advocates to the trade again. That also places it in line with larger Ethereum expectations. Analysts are even expecting ETH to trade between $2,199 and $3,019 in 2024, with some expecting a spike to above $5,000 by 2025. Excitement generated earlier this year by acceptance of spot Ethereum ETFs has brought a regulated gateway to investors for entering the market, both retail and institutional investors. This development may cause massive inflows into Ethereum with enormous financial inflows, further buttressing its price. Technical Analysis And Price Predictions According to the latest technical analysis, Ethereum must break above $3,000 to sustain its bullish sentiment, and many analysts believe this may well open roads for a new record high. According to the Ethereum Rainbow Chart, we can see all sorts of possible prices for the following years, with estimates reaching as high as $12,000 by 2030. However, some are concerned about Ethereum’s long-term economic strategy. Sigel said that Layer-2 networks have started to claim more of Ethereum’s blockspace, resulting in lower transaction fees and income. This development has led some investors to lose faith in Ethereum as a deflationary asset. If this trend continues without changes to link Layer-2 networks more closely with Ethereum’s ecosystem, VanEck’s long-term price targets may be jeopardized. The Road Ahead For Ethereum Despite these problems, commentators express a genuine feeling of optimism about Ethereum’s future. The prospect of fresh speculative activity, along with the regulatory certainty given by ETF approvals, could be exactly the spark for a significant comeback. As the market evolves and reacts to these developments, investors are looking for signals that a positive trend will return to Ethereum. While Ethereum confronts challenges, experts believe that a combination of increasing interest and good market conditions might pave the way for a resurgence in 2024 and beyond. Featured image from DALL-E, chart from TradingView

Based on chart indicators, the Cardano price has just broken through a key resistance, sparking the promise of a potential uptrend. While the cryptocurrency is gearing up for a possible bullish rally, a crypto analyst has also shared the downside risks Cardano could experience if it fails to hold crucial support levels. Cardano Price Breaks Falling Wedge Resistance, Signals Uptrend The Cardano price appears to be on a significantly bullish trajectory, as a crypto analyst on TradingView identified as ‘MyCryptoParadise’ has shared an in-depth analysis of its recent price movements. According to the crypto expert, Cardano had just broken through the descending resistance in its Falling Wedge pattern. This move is typically seen as a bullish signal, as the Falling Wedge chart pattern is often associated with positive trend reversals. The Falling Wedge pattern is a unique technical indicator that occurs in an upward trend. It is characterized by two descending trend lines, with one representing highs and the other lows. The crypto analyst has stated that Cardano’s price is approaching a distinctive level, which he calls a “demand zone.” If it can experience a strong rebound from this point, Cardano could start its anticipated upward trend at this crucial level. The demand zone at $0.0313 acts as a vital support level where there’s likely to be buying interest. If Cardano can experience a bounce from this point, the cryptocurrency could rally and break out above the $0.417 resistance level, strengthening the analyst’s bullish scenario while hinting at higher resistance targets. The market expert discloses that when Cardano breaks the $0.417 resistance, there could be a notable shift in its present market structure. Notably, Cardano has experienced slow growth and muted market performance over the past few years. Due to the cryptocurrency’s low price and sluggish momentum, many investors have voiced out frustration previously, with some tagging ADA a dead coin and others alleging that Cardano is a ghost chain. However, recently, Cardano has been on a bullish trajectory, as its price has been experiencing significant gains over the past few weeks. According to data from CoinmarketCap, the Cardano price is trading at $0.434, marking a 17.29% increase in the past 24 hours and a 27.84% rise over the past week. The cryptocurrency’s daily trading volume is also up by more than 65%, underscoring investors renewed interest and confidence in the altcoin. Potential Risks If ADA Fails To Hold Key Support Levels TheCryptoParadise has revealed on TradingView the downside risks that could occur if Cardano fails to hold the aforementioned critical support levels at around $0.313. The analyst emphasized that if the Cardano price fails to hold above the $0.313 level, it might experience a steep decline toward the critical support zone between $0.274 and $0.290. The analyst has disclosed that this support zone is an important price floor where buyers could step in to prevent further price decreases. He also highlighted that ADA will need to reclaim the $0.313 support to maintain a bullish outlook. However, if it closes a day below $0.274, it would most likely invalidate this bullish scenario, increasing the risk of further price declines and possibly even setting a new low.

George Town, Grand Cayman, November 8th, 2024, Chainwire Zircuit, the chain where innovation meets security, is thrilled to announce the success of its EIGEN Fairdrop initiative. With a first-of-its-kind distribution of 2% of ZRC tokens to eligible EIGEN holders, Zircuit has introduced a model of fairness and inclusivity in the Ethereum staking ecosystem, underscoring a commitment to decentralization and community empowerment. The EIGEN Fairdrop, an industry first, provided equal shares to over 190,000 eligible EIGEN holders and moved away from traditional distribution models that often favor larger stakeholders. Within just the first week, over 51,000 users claimed their ZRC and this fair and community-first approach has garnered widespread appreciation across the crypto space. The Fairdrop includes a wide range of contributors to the EigenLayer ecosystem, extending beyond EIGEN stakers to support Uniswap liquidity providers, EtherFi eEIGEN holders, and Renzo ezEIGEN holders. The Fairdrop, an industry milestone, supports Zircuit’s vision of an inclusive Ethereum ecosystem and strengthens the EigenLayer network by recognizing all contributors. The initiative’s snapshot, taken on October 8, 2024, at Ethereum Block #20919999, included wallets with a minimum of 3 EIGEN tokens while excluding core EigenLayer team members and investors, keeping the focus on the community. Zircuit protects users from hacks through its built-in, automated AI techniques that guard against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to potentially earn industry-leading yields natively. With $1.8 billion in Total Value Locked (TVL), Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users can receive stronger security guarantees and trust. During Mainnet, users can bridge their assets and start staking to potentially earn rewards and airdrops from the Zircuit ecosystem at the Liquidity Hub. To learn more about Zircuit, users can visit zircuit.com or read the developer docs at docs.zircuit.com About Zircuit Zircuit provides developers with advanced features and users with peace of mind. Built by a team of web3 security experts and PhDs, Zircuit merges high performance with unparalleled security, making it the safest choice for DeFi and staking. Users can visit zircuit.com or follow us on Twitter/X @ZircuitL2. Contact Jennifer Zircuit [email protected]

Alchemy Pay may provide its crypto services to people and companies in these regions. With these additional licenses, Alchemy Pay now has a total of eight licenses in the US. Alchemy Pay, a cryptocurrency payment gateway, has increased its US compliance with four additional licenses. On November 8th, Alchemy Pay confirmed that it has obtained money transmitter licenses (MTLs) in the states of Wyoming, Oregon, Oklahoma, and Minnesota. Nationwide Multi-State Licensing System and Registry data shows that with these additional licenses, Alchemy Pay now has a total of eight licenses in the US states. These licenses are the most recent ones; others were approved in September 2023 in Arkansas, November 2023 in Iowa, and both New Hampshire and New Mexico. Now that it has four more licenses, Alchemy Pay may provide its cryptocurrency services to people and companies in those areas. Capitalizing on Tremendous Potential Moreover, these eight states have authorized Alchemy Pay to provide its on-ramp and off-ramp services. Thus, allowing consumers to convert US dollars to cryptocurrencies like Bitcoin with ease. To ensure compliance with state standards, Alchemy Pay has been progressively launching services with each new license, beginning with crypto and off-ramps. With Alchemy Pay, one can buy virtual and physical cards for quick crypto spending anywhere in the world. They also have a ramp solution. Merchants may now accept cryptocurrency payments with Alchemy Pay’s crypto payment solution. Furthermore, aiming to capitalize on the “tremendous potential” in the US crypto industry, Alchemy Pay’s chief revenue officer Romeo Luo said that obtaining MTL licenses is the goal. The firm’s executive said that the time it takes to get a license in the United States varies from state to state and might even take up to a year. According to Luo, it typically takes anything from a few months to a year, given the review procedure. Highlighted Crypto News Today: Bitcoin Whales Amass in Bulk Amid Ongoing Bullish Momentum

New Bitcoin wallets have reportedly amassed $145 million, increasing market optimism. There is optimism about a more transparent regulatory climate for crypto in the US. Recent Bitcoin news has focused the attention of crypto market players on the increasing interest from BTC whales. New Bitcoin wallets have reportedly amassed $145 million, increasing market optimism about the cryptocurrency’s continued surge and its potential for further gains. Even more encouraging for the flagship cryptocurrency’s future success among investors is on-chain data. In light of the increasing optimism, a new analysis from Lookonchain, a prominent on-chain analytics platform, emphasizes the growing interest among crypto market fans in the leading cryptocurrency. As of yesterday, “10 fresh wallets” have amassed 1,910 BTC, or around $145 million, from Binance, a leading cryptocurrency exchange, according to the report. This purchasing tendency also shows that investors are becoming more interested in the cryptocurrency, which might lead to additional price gains. On top of that, there has been a rush of bullish market patterns recently, which are consistent with the news. Transparent Regulatory Climate Anticipated Ever since Bitcoin’s recent ATH after Donald Trump’s presidential triumph, crypto market aficionados have been closely following the news about the cryptocurrency. Following the Republican victory in the US presidential campaign, there is optimism about a more transparent regulatory climate for cryptocurrencies in the US. This might have positive implications for the digital assets industry as a whole. To put that in perspective, according to statistics from Farside Investors, the US Spot Bitcoin ETF saw its largest inflow of almost $1 billion since its introduction in January on November 7. The inflow is most pronounced at $1.11 billion, going to the BlackRock BTC ETF. Institutional interest in the cryptocurrency is skyrocketing, which bodes well for its future and the digital asset market as a whole. Highlighted Crypto News Today: Binance Awarded Asia’s Top FinTech Innovator of 2024 by Fortune

Salt Lake City, Utah, November 8th, 2024, Chainwire CoinZoom, a leading global fintech and payments company, announced the launch of its Crypto Debit Card, empowering 617 million crypto owners worldwide to spend their digital assets instantly at over 130 million merchants in 150 countries. As Bitcoin reaches new highs, CoinZoom’s innovative approach further accelerates the mainstream adoption of cryptocurrency, marking a significant step forward for the global crypto landscape. The free CoinZoom Crypto Debit Card, available as a virtual card with a physical card coming soon, connects directly to a CoinZoom account, holding both local currencies and cryptocurrencies. Functioning like any standard debit card, it allows users to earn up to 5% back in crypto on eligible purchases through its “crypto-back” rewards program. The card is now available to users in 150 countries. Previously, merchants had to choose individually to accept cryptocurrencies like Bitcoin, with major brands such as Starbucks, Gucci, Tesla, and Xbox leading the way. However, until now, there hasn’t been a seamless way to spend top cryptocurrencies universally. CoinZoom’s launch can signify a breakthrough moment for the crypto industry, which has gained increased support within the U.S. About CoinZoom CoinZoom is a U.S.-based financial platform enabling users worldwide to send, spend, save, and invest seamlessly. As a U.S.-registered Money Services Business and Money Transmitter, CoinZoom is available in 45 states and operates with a SOC2 Type II Certification, recognized for stringent security standards. With diverse funding options like Apple Pay, Google Pay, debit and credit cards, wire transfers, ACH, and instant cash deposits at multiple U.S. retail locations, CoinZoom bridges traditional and digital finance. Its global peer-to-peer payment system, ZoomMe®, allows users in 169 countries to send cash or crypto instantly and fee-free, offering significant savings on remittance fees. The CoinZoom Crypto Debit Card provides unparalleled spending flexibility, allowing users to transact in USD or crypto at over 130 million merchants globally while earning up to 5% in crypto rewards. CoinZoom also has subsidiaries in Australia and Ireland and is pending registration as a Virtual Asset Service Provider (VASP) in Lithuania. Twitter, LinkedIn Contact Director of Marketing Adrianne Blackett CoinZoom [email protected] 1 385-355-6540

Fortune Asia’s first 2024 Asia FinTech Innovators list honors Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider. Binance’s number 1 ranking in the Blockchain and Crypto category highlights its position as a leader in the quickly evolving world of digital assets. Fortune’s 2024 Asia FinTech Innovators list honors 60 of the most innovative and dynamic financial services organizations in Asia. Innovations and the utilization of cutting-edge technology, financial success, market impact, scalability, regulatory compliance, security measures, and distinctive features used to enhance the customer experience were among the many criteria used to choose the organizations. With over 238 million users worldwide, Binance is the biggest blockchain ecosystem in the world by both registered users and trading volume in digital assets. Asia is by far the area with the highest increase in Binance users. Inspired by a vision of a future where everyone have the ability to access, spend, own, save, and make money, Binance is committed to promoting financial freedom on a global scale. Vishal Sacheendran, Head of Regional Markets at Binance stated: Securing regulatory permissions in India, Indonesia, Kazakhstan, Japan, and Thailand is one of Binance’s recent accomplishments in Asia. More than any other digital asset exchange, Binance has 20 regulatory permissions, licenses, and registrations worldwide. Asia is the perfect market for blockchain and cryptocurrency adoption since it is a dynamic, tech-savvy region with a high mobile penetration rate. All Asian markets, whether they are rapidly developing or well established, have a great need for fintech solutions that may make people’s lives better. Binance is dedicated to promoting widespread cryptocurrency usage both inside the region and beyond. The whole list is accessible here: Fortune’s 2024 Fintech Innovators Asia.

The crypto market’s seasoned investors are moving beyond tokens like Dogecoin, with a strategic eye on Rexas Finance (RXS), which currently trades below $0.09. With a projected 21,292% rally post-launch, RXS could soar to $41.4, offering unprecedented opportunities. Unlike Dogecoin, Rexas Finance stands on a foundation of real-world asset tokenization, transforming ownership in markets such as real estate, commodities, and beyond. Tokenizing Real-World Assets with Rexas Finance Rexas Finance aims to revolutionize access to major asset classes by making it possible to buy fractions of real-world assets from anywhere. By leveraging blockchain, the platform enables investors to acquire and manage parts of the global real estate, gold, and commodities markets through simple transactions. A person in Asia, for instance, can now invest in fractional ownership of an office building in Europe, potentially earning passive income as the property generates returns. A key feature on the Rexas platform is the Rexas Token Builder, an accessible tool that allows individuals to create tokens representing parts of physical assets. Further, through Rexas QuickMint Bot, users can create these tokens with just a few commands on platforms like Telegram and Discord. Additionally, Rexas’ Launchpad enables asset holders to raise funds for their tokens, making the platform a robust ecosystem for asset tokenization. Rexas Finance Presale Success and Market Positioning The RXS presale underscores strong investor enthusiasm, having sold out quickly in stages 1-4 and raising over $5.5 million to date. As the fifth presale stage opens, priced at $0.07, investors are expected to see 2.8x returns upon the token’s public launch. The team chose a public presale route, steering away from traditional venture capital (VC) funding, to ensure wider public participation and shared growth. Rexas Finance is built on the ERC20 standard, with a capped supply of 1 billion tokens. This structure facilitates investor confidence, reinforced by a strategic distribution model: 42.5% in presale, 15% for liquidity, and dedicated portions for team, treasury, partners, and a staking pool. Marketing and giveaways, including the Rexas $1M Giveaway, offer further incentives. With 20 winners set to receive $50,000 USDT each, the campaign aims to engage and reward the community as Rexas gains visibility. Credibility remains essential in the crypto market, and Rexas Finance’s listings on CoinMarketCap and CoinGecko have broadened its reach, drawing a global audience of investors, traders, and enthusiasts. These platforms drive legitimacy, attract liquidity, and increase community engagement, fueling Rexas Finance’s market presence. With plans to debut on three tier-1 exchanges, RXS’s trajectory signals strong potential, especially given its market focus on tokenized real assets. For the long-term, Rexas Finance intends to cement its role in the asset tokenization space by further connecting traditional finance with crypto markets. The ecosystem continuously evolves, supported by tools like Rexas GenAI and Rexas AI Shield, both dedicated to enhancing security, accessibility, and asset control. With the RXS platform’s real-world applications, new forms of asset ownership and management are reshaping the market, enabling more investors to benefit from blockchain. Final Thoughts As Dogecoin traders expand their horizons, Rexas Finance (RXS) emerges as a frontrunner, providing dynamic investment options within the asset-backed crypto space. By blending blockchain innovation with real-world assets, RXS opens a path for investors to participate in diverse markets with ease. With its listings on CoinMarketCap and CoinGecko and ambitions for top-tier exchanges, RXS is positioned to make its mark. For early adopters, this presale represents a gateway to a potentially lucrative future—one where real estate, commodities, and more are just a token away 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 Halloween Giveaway: https://x.com/rexasfinance/status/1851983620765852009 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 shifting political climate is stirring excitement in the cryptocurrency market. Memecoins are drawing attention as investors speculate on assets that could experience remarkable growth. With recent developments, certain digital tokens are poised to capture significant interest from traders looking for potential high-return opportunities. Among these promising contenders is XYZVerse (XYZ), a memecoin uniting sports fans across various disciplines in a unique ecosystem that blends meme culture with athletic passion. 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!<< Popcat (POPCAT) Remember the adorable cat that took the internet by storm in October 2020? POPCAT is back, but this time, it’s making waves in the cryptocurrency scene. Inspired by the viral meme of Oatmeal, the cat with the hilarious open and closed mouth images, POPCAT has become a meme coin capturing the hearts of crypto enthusiasts. This token doesn’t carry any financial promises or inherent value. It’s all about fun and bringing a touch of joy to the often serious world of digital currencies. In a market filled with complex projects and high-stakes investments, POPCAT stands out by embracing simplicity and entertainment. While it doesn’t boast groundbreaking technology or utility, its charm lies in its community and the smiles it brings. Similar to other meme coins like Dogecoin and Shiba Inu, POPCAT thrives on internet culture and community engagement. With the current market embracing meme tokens and the power of social media, POPCAT could be a delightful addition to the crypto conversation. It’s not about financial gain but about being part of a lighthearted movement that’s spreading positivity in the crypto space. Bonk Coin (BONK) BONK is a new memecoin on the Solana blockchain that’s catching everyone’s attention. With a cute Shiba Inu as its mascot, BONK aims to shake up the crypto world by giving power back to the community. Unlike other coins controlled by big investors, BONK is all about its users. It surged over 100% after getting listed on Coinbase, one of the largest crypto exchanges. In a bold move, the team behind BONK airdropped half of its total supply to participants in Solana’s NFT and DeFi projects. By mid-December 2023, BONK had become the third-largest memecoin by market cap, soaring more than 10,000% since the start of the year. Despite the challenges that memecoins often face, like wild price swings and massive supplies, BONK shows promise. It’s becoming a key part of the growing Solana ecosystem, with plans that include launching a decentralized exchange called BonkSwap. This integration sets it apart from other memecoins that lack real utility. In the current market cycle, where investors look for coins with strong communities and real-world use, BONK stands out. Compared to other memecoins, BONK’s focus on empowering its users and building useful applications makes it an attractive option. As the crypto market evolves, BONK could be a coin to watch. Conclusion POPCAT and BONK are poised for significant gains, but XYZVerse (XYZ) uniquely unites sports fans in a community-driven memecoin aiming for massive growth and cultural impact. 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 has achieved new highs, surpassing $76,000 for the first time in history. This spike follows Donald Trump’s victory in the US presidential election, which many investors believe will create a more favorable atmosphere for cryptocurrencies. Bitcoin’s price reached $76,152 on TradingView, translating to a 2% increase in the last 24 hours, and a 10% increase in the weekly timeframe. Election Euphoria Fuels Bitcoin’s Surge The cryptocurrency market is brimming with hope. Investors have long predicted that a Trump presidency would be good for digital assets. Trump’s past pessimism toward cryptocurrencies has altered considerably, and he now sees himself as a pro-crypto candidate. His campaign has even accepted cryptocurrency payments and suggested establishing America as the “crypto capital of the world.” What was the result? A rise in Bitcoin’s value has boosted shares of associated companies such as Coinbase and MicroStrategy. This rally goes beyond speculation. Bitcoin has grown due to institutional investment. More than $50 billion has gone into Bitcoin ETFs, indicating that traditional financial institutions are accepting cryptocurrencies. Analysts expect Bitcoin to hit $150,000 by 2025 if present trends continue. Record Open Interest Signals Confidence The Open Interest (OI) of Bitcoin, which is the aggregate number of outstanding futures and options contracts, has increased in tandem with its price. In the span of two days, OI experienced a significant increase of 13.29%, resulting in a remarkable $45.41 billion. The current surge suggests that traders are not merely passive observers; rather, they are actively taking measures to prepare for potential price increases. Although there are always hazards, the increase in OI is generally considered a sign of confidence in the market’s upward trend. Due to this, it is imperative to evaluate the market’s dynamics by taking into account a variety of factors. Market participants are increasingly optimistic about the future of Bitcoin, with many predicting that institutional interest will only rise as regulatory clarity improves under Trump’s administration. A potent combination of market forces and political circumstances has the potential to further elevate Bitcoin. What Are The Future Prospects For Bitcoin? Volatility in the crypto markets is expected to persist as the results of the US election unfold. Early signs show that Trump’s actions may result in increased acceptance and support for cryptocurrencies. As investors consider these developments, many are wondering how high Bitcoin may go. The present market attitude mirrors a bigger trend: Bitcoin has demonstrated resiliency in previous election cycles, frequently reaching new highs following the election. As institutional investors stay optimistic and retail interest soars, the question isn’t whether Bitcoin will rise—but how quickly it will grow in this new political scenario. Featured image from DALL-E, chart from TradingView