The RUNE price rally has taken many traders by surprise. The rally followed news that THORChain would enter into a collaboration with Kujira, which improves liquidity and community interaction. As RUNE rallied, the Arbitrum price has continued to plunge, pushing it to new lows and making any hopes of recovery to its all-time high feel even more distant. This decline in Arbitrum’s price has coincided with growing interest in Infinaeon, a new Layer-2 solution that aims to address the limitations of existing platforms like Arbitrum and Optimism. With its deflationary tokenomics and innovative technology, Infinaeon is being touted as a potential 1000X ROI opportunity, especially for those who participate in its presale. The Layer-2 market currently holds billions of dollars in projects like ARB and OP, and Infinaeon’s unique approach could potentially disrupt this space and capture a significant market share. Arbitrum, a popular Layer-2 solution for Ethereum, has faced challenges with high gas fees and network congestion, limiting its scalability and user experience. Infinaeon aims to overcome these limitations by providing a faster, cheaper, and more efficient platform for developers and users. This article will delve into the recent RUNE price rally and explore the factors contributing to its success. It will also examine the Infinaeon presale and discuss why some traders firmly believe it could 100 or even 1000X. RUNE Price Prediction Updates Following Price Rally The RUNE price rally has led to some adjustments of price predictions. But before we dive into those, let’s quickly recap what RUNE is all about. RUNE is the native token of THORChain, a decentralized liquidity protocol that allows users to swap assets across different blockchains. It aims to provide a secure and efficient way to exchange cryptocurrencies without relying on centralized intermediaries. RUNE plays a crucial role in the THORChain ecosystem, facilitating governance, security, and liquidity provision. Now, let’s take a look at the updated price predictions: CoinCodex: They expect a potential 50% RUNE price surge before the end of the year. Changelly: They see RUNE rallying by an additional 10% in December this year. Binance: They don’t expect any major changes to the RUNE price in the near future. Why The Infinaeon Presale is Seen As A Potential 1000X Opportunity? The presale market has been heating up as the Bitcoin price nears a new all-time high. Traders are on the lookout for the next massive 100X or even 1000X opportunity, and utility-based tokens are the most popular in the saturated market. Many crypto traders have set their sights on Infinaeon as the next 1000X play. This Layer-2 scaling solution for Ethereum has been generating significant buzz due to its potential to address the network’s persistent challenges and offer a more efficient and rewarding blockchain experience. One of the key factors driving this excitement is Infinaeon’s unique tokenomics model. The project utilizes a deflationary mechanism, where a portion of the gas fees collected on the network is used to buy back and burn Infinaeon tokens. This process effectively reduces the circulating supply, creating scarcity and potentially driving up the price. Furthermore, Infinaeon’s auto-compounding staking mechanism offers an attractive incentive for long-term holding. By staking their tokens, users can earn rewards that are automatically reinvested, leading to exponential growth over time. This not only benefits token holders but also contributes to the network’s security and stability. The combination of these features, along with the project’s innovative Layer-2 scaling solution and the upcoming launch of its DEX and bridge, creates a compelling investment narrative for Infinaeon. In a market where many projects are struggling to maintain their value, Infinaeon’s deflationary tokenomics and attractive staking rewards offer a refreshing alternative. As the presale continues and the project gains further traction, the potential for significant returns is becoming increasingly apparent. Presale Bonus Adds to ROI Potential of Infinaeon The current presale bonus of 6% further adds to the appeal, providing an additional incentive for early investors. This bonus, combined with the project’s strong fundamentals and growing community support, has fueled speculation that Infinaeon could deliver substantial returns, potentially reaching the coveted 1000X mark. While such predictions are always subject to market volatility and unforeseen circumstances, Infinaeon’s unique value proposition and its potential to disrupt the Layer-2 space make it a project worth watching closely. As the presale progresses and the project moves closer to its launch, the anticipation and excitement among investors continue to build, suggesting a bright future for Infinaeon and its early backers. Join The Infinaeon Presale Now Presale: https://presale.infinaeon.com/ Telegram: https://t.me/Infinaeon/ Discord: https://discord.com/invite/WSy65uAYfd X: https://x.com/Infinaeon Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends 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.

Following Donald Trump’s victory in the US presidential election against Vice President Kamala Harris, optimism is surging in the cryptocurrency market. Analysts are now projecting that Bitcoin could reach new heights of $100,000 before the presidential inauguration, which is just over two months away. Trump’s Election Signals Shift Toward Pro-Crypto Policies With Trump’s administration firmly established, CNBC reports that Bitcoin has already reached an all-time high of $75,500, signaling a potential shift towards a more crypto-friendly regulatory environment starting in 2025. The combination of Republican control of both the Senate and the White House is expected to bolster support for Trump’s pro-crypto initiatives, leading to further price discovery for the market’s biggest digital asset. Trump has made several key promises that could significantly impact the cryptocurrency landscape. One of the most notable is the establishment of a national Bitcoin stockpile, positioning the US as the “crypto capital of the world.” He has also committed to ensuring that all future Bitcoin mined in the country contributes to this national reserve. Moreover, Trump has vowed to fire Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC), who has faced criticism for his aggressive regulatory approach under the Biden administration. Gensler’s tenure has seen numerous lawsuits targeting major players in the crypto space, including Binance, Coinbase, and Ripple Labs, resulting in nearly half a billion dollars in legal fees for those companies. Trump’s proposed crypto policy is designed to stimulate growth and adoption within the United States, with Bitcoin positioned as a central element in his strategy to tackle the national debt, which currently stands at $36 trillion. His administration’s plans have been echoed by pro-crypto Senator Cynthia Lummis, who introduced legislation to designate Bitcoin as a national reserve asset. This initiative was discussed during her remarks at the 2024 National Bitcoin Conference in Nashville, where Trump also made a notable appearance, further solidifying his commitment to the sector. Bitcoin On Track For $100,000 Given these developments, CNBC notes that “multiple analysts” are forecasting Bitcoin could reach the $100,000 mark before Trump’s inauguration, especially if he follows through with his promise to create a national Bitcoin stockpile. The US government already possesses over $15 billion in Bitcoin from asset seizures over the years, providing a solid foundation for this initiative. In addition to Bitcoin’s rally, stocks of US-based firms such as Coinbase and Robinhood have seen significant gains in recent days. Coinbase (COIN) shares surged by 25.73%, while Robinhood (HOOD) jumped nearly 18%, reflecting the industry’s renewed confidence in a more favorable regulatory environment under Trump. Research from Cooper Research aligns with these optimistic projections, particularly regarding the Bitcoin exchange-traded fund (ETF) market. The firm previously estimated that ETFs could manage nearly 1 million Bitcoins by the time of the election, and currently hold approximately 986,000 BTC. Their analysis suggests that if trends continue, Bitcoin could indeed reach $100,000 by January 20, when Trump is set to be inaugurated, especially if ETFs increase their holdings to around 1.1 million BTC. At the time of writing, BTC is trading at $74,750, having retreated from its current record high of $75,500 set during Wednesday’s trading session. Featured image from DALL-E, chart from TradingView.com

Bitcoin soars post-election; crypto markets rally in Moonvember’s bullish momentum. Altcoins like Ethereum, Solana surge, breaking consolidation. While “Uptober” fell short of expectations, November—humorously dubbed “Moonvember”—is keeping the bullish momentum alive. The recent U.S. election, where pro-crypto Donald Trump was re-elected, has spurred a significant impact across sectors, including cryptocurrency. Bitcoin, the largest cryptocurrency, hit a new all-time high, surging above $76,000 just hours ago. It’s currently trading at $74,882, up a modest 0.45% over the past 24 hours and 4% over the past week. This bullish wave has also reignited interest in altcoins. Ethereum, often considered the leader among altcoins, saw a strong rise, climbing 10% in the past 24 hours. Trading volume increased by 38%, pushing ETH to a three-month high of $2,878.75. Solana (SOL) Solana recorded a 3% increase in the past day, now trading at $188.90, with trading volume up by 10%. SOL reached a two-month high of $192, fluctuating between $180 and $191.79. Over the week, SOL is up 9%. The 9-day Exponential Moving Average (EMA) is at $174, and its daily Relative Strength Index (RSI) sits at a neutral 58. Analysts predict that if bullish momentum continues, SOL could reach $204, though bearish pressure might push it down to $157. SOL Price Chart, Source: Sanbase XRP (XRP) XRP rose by 5% over the past 24 hours to $0.5574, with trading volume increasing by 36%. It reached a one-month high of $0.5739, fluctuating between $0.5274 and $0.55. Weekly gains stand at 7%. The 9-day EMA is at $0.5301, and the RSI is in an overbought position at 70. If momentum holds, XRP could climb to $0.6309, but sustained bearish trends might pull it back to $0.4858. XRP Price Chart, Source: Sanbase Chainlink (LINK) Chainlink saw a 5% increase in the past day, trading at $12.39, with a 22% rise in trading volume. LINK reached a two-month high of $13, moving between $11.5 and $12.6. The 9-day EMA is at $12.4, with the RSI at a neutral 49. If bullish trends persist, LINK may reach $13.3, though bearish movement could see it dip to $10.2. LINK Price Chart, Source: Sanbase As the market reacts to political shifts, the crypto sector remains cautiously optimistic about further gains in Moonvember. Highlighted News Of The Day US Strategic Bitcoin Reserve Gains Momentum Following Trump Victory

Polymarket faces scrutiny from the gambling authority of France. A French bettor cashed in big by wagering on Trump’s election win. The blockchain-based prediction market platform Polymarket, known for its role in the U.S. presidential elections, is facing mounting scrutiny from French gambling authorities. The national gambling authority of France, Autorite Nationale des Jeux (ANJ), reportedly plans to ban Polymarket. It cites the platform’s operations as unlicensed gambling, which is prohibited under French law. Notably, Polymarket facilitated trades worth $294 million in a single day during the election. The ANJ has labeled the platform’s activities as betting. Moreover, stated that such undertakings can only be provided by authorized operators. The platform’s rapid growth around high-stakes events like the U.S. elections caught the regulator’s attention, leading to potential scrutiny regarding compliance with local laws. If the ban is enforced, Polymarket in France will be blocked from accessing the site. However, users could bypass the restriction through VPNs. This coincides with the broader concerns about prediction markets, as U.S. regulators like the Commodity Futures Trading Commission (CFTC) have also scrutinized such platforms for their capability to promote harmful incentives. Meanwhile, the platform has caught the eye of U.S. regulators, with the CFTC proposing new rules in May aimed at prediction markets. Although the CFTC wrapped up its public comment period in August. The industry waits for a decision from the Securities and Exchange Commission (SEC) on whether it will introduce its own regulatory framework. This hints at the broader regulatory interest in this emerging financial sector. A French Trader Bagged $21M in Profit The French polymarket trader, identified as “Theo,” gained enormously after placing a $26 million wager on Donald Trump’s victory. His bet yielded a $49 million payout. Donald Trump secured the presidency, while Theo’s gain might be marked as one of the richest paydays in political betting. His success underscored Polymarket’s prominence among French users and led the French authorities to pay attention to the platform, which led to concerns about the compliance of the platform in France. Highlighted Crypto News Ethereum (ETH) Price Surges 10% to Three-Month High

Ethereum surges 10%, trading above $2,850 with a strong market cap. DeFi rises 13.59%, while ETH/BTC gains 8.5%. The global crypto market cap has climbed to $2.51 trillion, reflecting a 1.44% increase in the past day. Ethereum (ETH) has been a standout performer, surging over 10% in the last 24 hours and breaking above $2,850, marking a new three-month high. The overall trading volume in the crypto market has surged by 34.32% to reach $192.71 billion, with DeFi contributing $9.91 billion, or 5.14%, of this total. Ethereum’s price is currently $2,849.39, with its market cap rising by 13.37% to reach $343.12 billion. The ETH/BTC pair has also increased, exceeding the 0.038 mark with an 8.5% gain in 24 hours. Ethereum’s trading volume surged to $39.89 billion, reflecting a 40.43% increase and highlighting buying interest. Ethereum’s market cap ratio is currently at 11.73%, underscoring strong trading activity relative to its market cap. Ethereum’s rally is also supported by increased interest in decentralized finance (DeFi), which has seen a 13.59% rise. Specific sectors, like Liquid Staking Derivatives Finance (LSDFi) and Layered Token Finance (LRTFi), surged by 22.71% and 15.26%, respectively, adding to the overall market momentum. Ethereum spot ETFs have significantly driven this rally, with a total net inflow of $52.29 million. These ETFs allow institutional investors to gain exposure to Ethereum without directly holding the asset, boosting liquidity and supporting further price growth as interest in crypto ETFs expands. Will Whales Drive an ETH Rally? Whale activity has spiked as well, with two major ETH holders offloading a combined 33,701 ETH worth $89.72 million. An ICO whale, identified as “0xB8c,” transferred 25,000 ETH ($65.67 million) to Kraken at around $2,627, leaving a balance of 64,450 ETH. Another whale, “0x0c1,” reappeared after 8.75 years, selling 8,701 ETH for $24.05 million USDC at $2,764, securing a profit of $30.48 million, a 689x return on investment. Additionally, a long-dormant wallet containing 12,001 ETH was activated, likely aiming to capitalize on substantial gains from an initial purchase price of $8.58 per ETH. Technical indicators suggest a strong uptrend. The Relative Strength Index (RSI) is at 83.06, indicating overbought conditions. The moving averages signal bullish momentum, with a recent crossover as the 9-day MA rose above the 21-day MA. Key support lies around $2,663, while resistance is near $2,900. A break above this level could push ETH to the $3,000 mark, backed by sustained buying pressure and institutional inflows.

Bitcoin’s price has factored in an additional 1.17% increase over the last 24 hours. The cryptocurrency’s daily trading volume increased by 6.60% as per CMC data. Upon Trump’s victory in the US elections, the crypto market welcomed a second day of bullish movements in the last 24 hours. On election day, the crypto market rallied following Bitcoin’s 10% increase. Several altcoins also surged, reflecting the largest cryptocurrency. However, the market also showed increased volatility on Tuesday. In the last 24 hours, Bitcoin has been trading at the $73,000 and $74,000 levels. The cryptocurrency hit its new ATH at $76,400 on November 6 having been pumped by the US elections. While the cryptocurrency’s volatility showed a mild rise, it has now calmed down as suggested by the RVI standing at 36.27. Moreover, the asset’s daily price chart shows that it has factored in an additional 1.17%. Its current price cycle has fluctuated between $74.6K and $74.8K. According to CMC data, at the time of writing, BTC was trading at $74,755. Amid the Bitcoin pump the cryptocurrency’s market sentiment has remained neutral after a brief stepping into the overbought situation. Presently, BTC’s RSI stands at 67.15 as per TradingView data. Will Bitcoin Price Hit $1M by Year End? The largest cryptocurrency has performed in relevance to market analysts’ predictions. In the past few weeks, several members had predicted that BTC would surpass its previous ATH and hit the $76K level during the US Elections. Following the token’s unraveling according to expectations, experts have proceeded to analyze its future movements after the new levels. BTC/USDT Daily Price Chart (Source: TradingView) Moreover, the cryptocurrency’s short-term 50-day MA has surpassed its long-term 200-day MA showing a golden crossover. This indicates that Bitcoin’s price can be expected to witness more price breakouts in the coming days. Additionally, analyst Ali has predicted that Bitcoin might reach market tops within a period of 8 to 12 months following its new ATH. Furthermore, the community also expects the cryptocurrency to hit $1 million by the end of 2024, as predicted by leading members in H1 2024. If Bitcoin’s price continues its upward momentum undeterred by obstacles, then it might hit $1 million by the end of 2024. Other altcoins such as Ethereum and Solana have also reflected Bitcoin’s price movements in the past day. Highlighted Crypto News Today: US Strategic Bitcoin Reserve Gains Momentum Following Trump Victory

Here’s what the legendary Bitcoin Market Value to Realized Value (MRVRV) Ratio says about whether Bitcoin is currently overheated or not. Bitcoin MVRV Ratio Has Risen Alongside The Latest Rally In a CryptoQuant Quicktake post, an analyst has discussed about the MVRV Ratio of Bitcoin. The “MVRV Ratio” is an on-chain metric that keeps track of the ratio between the Bitcoin market cap and realized cap. The market cap here is just the total valuation of BTC’s circulating supply at the current spot price. The other metric, the realized cap, is also a capitalization model for the asset, but it doesn’t work so simply. Unlike the market cap, this model doesn’t put the same price on every coin in circulation; rather, it assumes that the last price at which a token was transacted represents its ‘true’ value. The previous transaction of any coin is likely to represent the last point it switched hands, so the realized cap essentially takes the sum of the cost basis of all tokens in circulation. One way to look at this model is as a measure of the amount of capital that the investors as a whole have put into the cryptocurrency. The market cap, in contrast, signifies the value that these holders are carrying in the present. When the MVRV Ratio is greater than 1, it means that the market cap is above the realized cap right now. Such a trend suggests the investors as a whole are in a state of net profit. On the other hand, the indicator being below this mark implies the average holder is currently underwater as they are holding their coins at a value below the price they bought them for. As displayed in the above graph, the Bitcoin MVRV Ratio had surged to significant levels back when BTC had broken the November 2021 all-time high (ATH) in the first quarter of the year. An increase in the metric has also followed in the new ATH break, but the metric is clearly not near the same high as earlier in the year yet. Historically, the cryptocurrency has made tops whenever the indicator has risen to high levels. As the quant has marked in the chart, however, how high is a ‘high’ MVRV level has been declining over the last few cycles. If the trendline drawn by the analyst holds, then the current cycle should see a top around when the MVRV Ratio would hit a value of around 3. At present, the metric is at 2, so there may still be a while to go before Bitcoin becomes overheated. As for why the asset tends to get overheated when the MVRV Ratio shoots up, the reason is that investors become increasingly likely to take part in profit-taking the larger their gains get. BTC Price At the time of writing, Bitcoin is trading around $74,100, up almost 8% over the last 24 hours.

Bitcoin has experienced a notable surge in price, reaching an all-time high of $75,358 following the announcement that former US President Donald Trump has been reelected, becoming the 47th President of the United States. So far, the asset’s value has seen a nearly 10% spike in the past day before experiencing a slight correction, trading at $74,037 at the time of writing—a decline of approximately 1.1% from its peak earlier today. The dramatic price increase has prompted widespread discussion within the cryptocurrency community, with prominent analysts offering their insights on the next move of Bitcoin. Is The Top In For Bitcoin? CryptoBullet, a well-known market analyst on X, focused on Bitcoin’s dominance index (BTC.D) about a technical indicator called the TD Sequential. In a recent post on X, the analyst wrote, “Is BTC Dominance finally topping out? BTC.D is printing the second TD-9 Sell on the 2W timeframe this cycle.” The TD Sequential is a technical analysis tool used to identify potential trend reversals. According to CryptoBullet, the current cycle shows similarities to previous years, where a second TD-9 signal often marks a significant reversal. He highlighted past patterns from 2018, 2019, and 2021, suggesting that a similar trend could unfold in 2024, with Bitcoin dominance potentially nearing its peak. More Room For Rally? Adding to the conversation, another analyst, Ali, shared his perspective on X, cautioning market participants. Ali noted that the TD Sequential recently flashed a sell signal on Bitcoin’s four-hour chart, indicating a possible pullback to $72,000. However, he noted that a sustained close above $75,400 could negate this bearish outlook and potentially push Bitcoin’s price to a new high of $78,000. Meanwhile, a CryptoQuant analyst known as MAC.D offered a broader perspective on Bitcoin’s market cycle using the MVRV (Market Value to Realized Value) ratio. This on-chain metric measures whether Bitcoin is undervalued or overvalued relative to its historical price levels. According to MAC.D, the MVRV ratio suggests that Bitcoin has not yet reached an “overheating stage,” indicating further upside potential. However, as the market matures and capitalization grows, Mac noted that the rate of price increase tends to slow down. Adding: “Using this as a trend line, we can expect the market to overheat when the MVRV value is around 3.” Featured image created with DALL-E, Chart from TradingView

Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE), could be on the verge of a massive parabolic rally following the recent victory of Republican U.S. presidential candidate Donald Trump. Could Trump’s Victory Catapult Dogecoin To $23? Earlier today, Trump was elected the 47th US president with a convincing win over Democratic presidential candidate Kamala Harris. Following Trump’s victory, Bitcoin (BTC) surged past its all-time high (ATH) of $73,737, reaching unprecedented levels. While BTC is trading at new highs, the ripple effect of a Trump victory is expected to impact other digital currencies, especially Musk’s preferred Dogecoin. According to crypto technical analyst Ali Martinez’s analysis, DOGE is nearing a breakthrough at the 0.50 Fibonacci retracement level, potentially leading to a rally up to the 1.618 or even the 2.272 Fibonacci extension levels. For the uninitiated, Fibonacci extensions are used in technical analysis to project possible future price targets by identifying key support and resistance levels. Historically, DOGE has frequently aligned with Fibonacci extension levels during bull runs. According to Martinez, if DOGE follows a similar trajectory in the next bull run, it could surge to anywhere between $4 and $23. The chart below illustrates that the next significant Fibonacci extension level for DOGE is 1.00, placing its price just above $0.739, beyond its current ATH of $0.7316, set in May 2021. Currently, DOGE is trading at $0.202, having risen an impressive 18% in the past 24 hours, largely fueled by Trump’s victory. If DOGE reaches the 1.618 Fibonacci extension level, its price could jump to $3.94 – more than five times its current ATH. Under extremely bullish conditions, DOGE could even hit the 2.272 Fibonacci extension level, pushing its price to $23.25 – nearly a 100x increase from its present value. The Potential Impact Of Elon Musk In Trump’s Cabinet While Musk’s potential role in Trump’s cabinet remains unclear, the world’s richest man will likely hold significant influence during Trump’s term as president. Musk has frequently voiced his support for DOGE on social media platform X, often triggering short-term price surges driven by retail investor interest. With Musk’s possible influence in the new administration, it wouldn’t be surprising to see policy decisions that could indirectly benefit cryptocurrencies like Dogecoin. Data shows that DOGE whales may anticipate a significant price surge, as recent transactions indicate the accumulation of more than 2.1 billion tokens over the past week. That said, DOGE investors should exercise caution as the token has already experienced a substantial run-up recently and may be flashing overbought signals. At press time, BTC is trading at $74,249, up 8% in the last 24 hours.

Solana started a fresh increase above the $172 support zone. SOL price is rising and might soon aim for a move toward the $200 level. SOL price started a fresh increase after it settled above the $165 level against the US Dollar. The price is now trading above $172 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could continue to rise if it clears the $192 resistance zone. Solana Price Starts Fresh Rally Solana price formed a support base and started a fresh increase above the $162 level like Bitcoin and Ethereum. There was a strong move above the $165 and $172 resistance levels. There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair. The price even cleared the $185 level. A high is formed at $192 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $155 swing low to the $192 high. Solana is now trading above $172 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $192 level. The next major resistance is near the $195 level. The main resistance could be $200. A successful close above the $200 resistance level could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. Another Dip in SOL? If SOL fails to rise above the $192 resistance, it could start a downside correction. Initial support on the downside is near the $188 level. The first major support is near the $180 level. A break below the $180 level might send the price toward the $172 zone or the 50% Fib retracement level of the upward move from the $155 swing low to the $192 high. If there is a close below the $172 support, the price could decline toward the $165 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $188 and $185. Major Resistance Levels – $192 and $200.

After weeks of struggle, Ethereum finally broke above the $2,500 resistance as it traded for $2,631 post US election 2024. This surge in price has raised hopes that Ethereum may be gearing up for a fresh bull run. However, this optimism is tempered by cautionary notes from market analysts who closely observe the stance of Ethereum’s futures market. Rising Futures Metrics: A Double-Edged Sword According to CryptoQuant analyst ShayanBTC, key metrics such as the Ethereum futures market’s open interest and funding rates indicate heightened participation and a generally positive market sentiment. The open interest reflects the total number of outstanding futures contracts, while funding rates provide insight into the cost of holding a long or short position. Shayan pointed out that these indicators have steadily risen in recent weeks, suggesting a renewed interest in Ethereum trading. This increase in participation aligns with the broader price movements and highlights a growing enthusiasm among futures traders betting on Ethereum’s continued upward momentum. However, while increased participation and positive funding rates often indicate a strong market, they also come with inherent risks. Shayan emphasized that although neither metric has reached levels that would be considered dangerously high, there remains a potential for heightened volatility. Overly high optimism in the futures market could lead to an imbalance, making Ethereum vulnerable to sudden and severe price swings. The CryptoQuant analyst explained that a sudden spike in open interest and funding rates might trigger what is known as a “long liquidation cascade.” This occurs when leveraged traders are forced to sell their positions due to adverse price movements, which can lead to a sharp decline in market value. Such liquidations can quickly erode investor confidence and drive prices lower. Regardless, the analyst suggested that the current open interest levels and funding rates suggest there is still room for growth. Navigating Potential Ethereum Volatility Given the current market conditions, Shayan offered prudent advice to Ethereum market participants. He recommended that investors closely monitor open interest and funding rates as key market sentiment indicators. According to the analyst, by keeping a watchful eye on these metrics, investors can better manage their risk exposure and be prepared for any sudden changes in the market. Meanwhile, other analysts and experts have remained bullish on ETH. Leon Waidmann, head of research at Onchain Foundation, for instance, recently disclosed that Ethereum could see a supply squeeze soon, which could lead to a rally in its price. Featured image created with DALL-E, Chart from TradingView

Binance Coin (BNB) and Pepe (PEPE) investors are rushing to FXGuys ($FXG), drawn by its strong presale performance and innovative features. As BNB nears a critical $600 resistance and PEPE shows bearish patterns, traders see $FXG as one of the top DeFi projects with promising opportunities. FXGuys offers unique rewards and sustainable growth through its Trade2Earn program and funding options. Let’s discuss this emerging Web3 trading platform in more detail! >>>BUY $FXG TOKENS HERE<<<< BNB Approaches Key Resistance BNB, one of the top DeFi projects, is approaching a key resistance level. This level has been a formidable barrier for months, and BNB had repeated rejections since June 2024. Yet, crypto market analysts say the BNB chart has formed an ascending triangle pattern, which suggests a bullish breakout. Technical indicators support the possibility of a breakout. The 50-day and 200-day AMAs remain positively aligned. The MACD has also formed a bullish crossover accompanied by a surge in positive histogram values. If BNB can breach this resistance, Fibonacci retracement levels indicate short-term price targets. However, recent intraday pullbacks and price rejections signal that $600 remains a significant hurdle. >>>BUY $FXG TOKENS HERE<<<< PEPE Surges Over 40% in October but Faces Bearish Signals PEPE has amazed everyone with its growth of over 40% in the past month. It was trading around $0.000010 in the third week of October with a market cap of $4.8 billion. Experts say Pepe has gained traction as a deflationary memecoin. However, the technical analysis shows PEPE forming a descending channel pattern, which suggests bearish movements. If the current trend continues, PEPE could reach resistance levels of $0.000011. A trend reversal might see it drop to support levels around $0.0000066. The RSI remains neutral, showing a consolidation phase for PEPE. Thus, PEPE inventors are rushing towards $FXG for its incredible ROI promises. >>>BUY $FXG TOKENS HERE<<<< Investors Flock to FXGuys for Trade2Earn Rewards BNB and PEPE investors are flocking towards $FXG as it has shown strong performance in the presale. $FXG is the utility token of FXGuys and offers traders real and sustainable opportunities. Through innovative programs like Trade2Earn and the Trader Funding Program, FXGuys gives you control over your financial future. It has become one of the top DeFi projects by addressing common issues in traditional prop firms like late payouts. The Trade2Earn model rewards traders with $FXG tokens for every trade they execute. FXGuys incentivizes every trading activity, whether you are on profit or loss. The Trader Funding Program offers traders up to $500,000 in capital without relying on external investors. The profits made by traders using that capital are split in favor of the traders. By locking $FXG tokens, participants can earn up to 20% annually from the platform’s trading volume. Experts say this promotes long-term token stability and provides passive income opportunities. FXGuys also has a staking rewards program, which means you can earn passive income by staking your holdings. This is particularly appealing to traders who do not want to engage in trading but seek returns in the crypto market. You can also access multiple markets, including cryptocurrencies, forex, indices, and commodities. The zero buy-or-sell tax policy further allows you to keep more of your profits. This is a rare feature in the DeFi space, and no other top DeFi project matches the profit split model of FXGuys. >>>BUY $FXG TOKENS HERE<<<< $FXG Presale Sells Fast: Grab Tokens at $0.03 Before the Price Jump FXGuys presale is in Stage 1. At this stage, $FXG is available at $0.03 per token. It has already raised over $1 million in private sales and sold over 100 million $FXG tokens in presale. In Stage 2, $FXG will be priced at $0.04, a 33% increase. By the end of the presale, $FXG is expected to return at least 233%. Traders and investors are quickly buying up the presale to secure their stake. It has also undergone an audit security check with SolidProof, and no vulnerabilities were found. Hurry up! Become part of one of the top DeFi projects and secure maximum returns in the coming bull market! To find out more about FXGuys follow the links below: Website | Whitepaper | Socials | Audit Exclusive FXGuys Promo Code: USE PROP10 FOR 10% BONUS Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

XRP price is gaining pace above the $0.5350 support zone. The price is rising and might even aim for a move above the $0.5650 resistance. XRP price is gaining pace above the $0.5350 zone. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5550 resistance zone. XRP Price Gains Strength XRP price remained supported above the $0.5050 level. It formed a base and started a fresh increase above $0.5150 like Bitcoin and Ethereum. There was a move above the $0.5320 and $0.5350 resistance levels. The bulls even pushed the price above the $0.5500 barrier. A high is formed at $0.5580 and the price is now eyeing more gains. It is stable above the 23.6% Fib retracement level of the upward move from the $0.5267 swing low to the $0.5580 high. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5580 level. The first major resistance is near the $0.5650 level. The next key resistance could be $0.5720. A clear move above the $0.5720 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.5920 in the near term. The next major hurdle might be $0.6000. Are Dips Supported? If XRP fails to clear the $0.5580 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5500 level. The next major support is near the $0.5450 level and the trend line. If there is a downside break and a close below the $0.5450 level, the price might continue to decline toward the $0.5350 support in the near term. The next major support sits near the $0.5220 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5450 and $0.5350. Major Resistance Levels – $0.5580 and $0.5650.

The crypto market is rallying 6.8% following the US presidential elections, which made Bitcoin soar to a new all-time high (ATH). As a result, most of the market saw a green daily close, with Solana (SOL) recording a 15.8% surge in the last 24 hours and regaining a key support level. Solana Dethrones BNB As 4th Largest Crypto The result of the US elections gave the crypto market the long-awaited boost many investors and market watchers expected. In the early hours of Wednesday, the largest cryptocurrency by market capitalization surged about 8.6% toward its new ATH of $75,358. This surge, fueled by the victory of pro-crypto Republican candidate Donald Trump and a mostly crypto-friendly Congress over US Vice President Kamala Harris, ignited a bullish rally across the market. Solana followed BTC’s lead and jumped over 15% to turn the $180 level into support. Moreover, the cryptocurrency reached its highest price since July, nearing the $190 resistance level. SOL’s daily activity skyrocketed in the last 24 hours, rising 210% to a $10.7 billion daily trading volume. Meanwhile, the cryptocurrency saw a 14.66% increase in market capitalization, surging to an $88.1 billion market cap. As a result, Solana flipped Binance Coin (BNB)’s $85 billion market cap, dethroning BNB as the fourth largest cryptocurrency by this metric. This performance fueled investors’ bullish sentiment on the cryptocurrency, with some market watchers predicting a bullish wave towards Q1’s highs. Is SOL Getting Ready For $400? Solana was deemed one of the strongest cryptocurrencies during Q3’s market retraces, holding above its breakout levels while most altcoins struggled. Following last night’s performance, crypto Trader Koz called SOL’s chart “one of the absolute best-looking charts out there.” The cryptocurrency’s surge above the $180 mark represents a breakout from an 8-month consolidation range that started after Solana hit its yearly high of $202. Similarly, World of Charts considers SOL as ‘looking more bullish than before.” The analyst noted that the cryptocurrency finally broke above the upper line of a bullish flag pattern after nearly breaking above it in late October. World of Charts suggested that after the successful breakout, a massive bullish wave is around the corner. To the analyst, this wave could ultimately send Solana’s price toward a new ATH of $400. Moreover, crypto analyst Jelle highlighted the breakout, stating that SOL is ready to retest the yearly highs. A reclaim of the $200 mark, not seen since March, could propel the cryptocurrency above its ATH of $260 in the coming weeks. However, it is key that Solana holds the $180 mark to continue its bullish ascend, as a rejection from this zone could see SOL’s price pullback to the $160 support. SOL trades at $186.9, a 4.12% and 27.56% increase in the weekly and monthly timeframes.

Senator Lummis reaffirmed the US’s commitment to create a strategic Bitcoin reserve. A goal of the idea is for the US Fed to own as much as 5% of the entire Bitcoin supply. US Senator Cynthia Lummis revealed a major legislative plan aimed at the Federal Reserve and made a major revelation while remarking on Trump’s victory. The United States intends to establish a strategic Bitcoin reserve, which she again emphasized. American voters have been diligently following the progress of campaign pledges ever since Trump’s election and subsequent formal swearing-in. This year, US Senator Cynthia Lummis spearheaded a historic effort for a Bitcoin Bill. Lummis reaffirmed the US’s commitment to create a strategic Bitcoin reserve while remarking on Trump’s election. Far Greater Odds of Passing Congress In order to resolve the national debt and boost the US currency, Lummis also stressed the significance of the Fed amassing BTC. “Bitcoin Bill” is the formal name of the proposal, which is the “Innovative Investment for National Competitiveness Enhancement Act.” The Republican Party now controls both houses of Congress. Consequently, Senator Lummis’ Bitcoin Bill has far greater odds of passing Congress. That was not the case during the Biden administration, when congressional gridlock severely limited attempts at bipartisan legislation. Quicker approvals may be guaranteed by an incoming Trump. Regardless, Trump has promised the cryptocurrency sector that he would build up a large enough Bitcoin reserve. A goal of the idea is for the US Federal Reserve to own as much as 5% of the entire Bitcoin supply. It plans to acquire 1 million BTC per year. A major change in US economic strategy is indicated by this ambitious initiative. In light of the upcoming change in administration, the market is expected to take into account the possible advantages. Natalia Karayaneva, CEO of Propy Escrow, has said that Senator Lummis will address this matter in further detail at tomorrow’s meeting. Highlighted Crypto News Today: Galaxy CEO Novogratz Backs Hester Peirce as Potential SEC Chair

Galaxy CEO Mike Novogratz thinks she would be a great pick to lead the US SEC. For her outspoken support of cryptocurrency, she is known as “Crypto Mom”. Commissioner Hester Peirce has been outspoken in her criticism of SEC Chairman Gary Gensler’s strategy of regulating the cryptocurrency business via litigation rather than regulation. Galaxy CEO Mike Novogratz thinks she would be a great pick to lead the US SEC. Having long pushed for a more deliberate and transparent regulatory structure for the cryptocurrency industry, Novogratz’s support of Peirce is no surprise. Peirce’s possible run for head of the SEC is further cemented by her role as the most vocal Republican on the commission. Especially, under Gensler’s tenure. Outspoken Support of Crypto Many in the cryptocurrency sector are looking to Hester Peirce, a renowned SEC commissioner, for guidance. As they await the impending change in legislation. Peirce will likely have significant opinions about the trajectory of crypto in the United States. On his CNBC call, Galaxy CEO Mike Novogratz publicly praised Peirce, thus it seems like she would be a great pick to chair the US Securities and Exchange Commission. Moreover, for her outspoken support of cryptocurrency, she has been affectionately known as “Crypto Mom” by the crypto community. Also, new, more welcoming rules for digital assets are largely the result of her lobbying efforts. The name Peirce stands out, given the tenure of Gary Gensler as chair of the US SEC is coming to an end in a few months. In terms of the SEC’s stance on cryptocurrency regulation, the promotion might be seen as a shift. Additionally, she has long advocated for crypto to be regulated with more transparency. Her viewpoint differs greatly from Gensler’s in that it is more open and balanced. His vigorous enforcement actions showed that he was not afraid to be harsh on the industry’s operators. There was a great deal of tension between him and the crypto community. Because of his desire for stringent regulation by enforcement. Highlighted Crypto News Today: WazirX Plans Launching Recovery Token to Compensate Creditors

WazirX has declared the launch of a “Recovery Token” to pay off its platform creditors. The amount that each creditor has in their account will determine how it is airdropped to them. After suffering a $230 million breach, cryptocurrency exchange WazirX intends to launch a Recovery Token to pay off creditors. According to the official announcement, creditors will have a concrete way to get their money back since the token would be airdropped to them based on their platform balance. The India-based crypto exchange has declared the launch of a “Recovery Token” to pay off its platform creditors for unpaid debt. The amount that each creditor has in their account will determine how it is airdropped to them. It gives creditors a methodical technique to collect their money back via a variety of new avenues. Innovative Approach One of the most important aspects of the Recovery Token is the range of expected revenues, which show how profitable the platform may be in the future. Included in the strategy are strategic business activities as well as the sale or liquidation of assets controlled by third parties. There will also be initiatives to reclaim stolen property and perhaps “White Knight” ideas to infuse fresh funding. The Recovery Token’s buyback mechanism is an important tool for creditors. In most cases, its goal is to facilitate platform recovery and take advantage of market upswings. Since the tokens may be traded on the open market, this feature also adds liquidity for the creditors. This gives the creditor some leeway. Furthermore, it offers the possibility to obtain funds ahead of schedule, depending upon market sentiment. More information on the Recovery Token’s mechanisms and features will be announced by WazirX. The Recovery Token is an innovative solution for paying off debt and demonstrating responsibility to creditors. Highlighted Crypto News Today: MATIC Surges as US Election Sentiment Fuels Further Gains

Ethereum price started a fresh surge above the $2,650 resistance. ETH is up over 10% and might aim for a move above the $2,850 resistance. Ethereum started a fresh surge above the $2,650 resistance zone. The price is trading above $2,700 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $2,730 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above $2,850 and $2,880. Ethereum Price Extends Surge Ethereum price started a fresh increase above the $2,550 resistance like Bitcoin. ETH was able to climb above the $2,550 and $2,650 resistance levels to move into a positive zone. It even surged above the $2,720 level in the past few sessions, beating BTC. It is up over 10% and there was a move above $2,800. A high is formed at $2,848 and the price is showing signs of more upsides. It is holding gains above the 23.6% Fib retracement level of the upward move from the $2,357 swing low to the $2,848 high. Ethereum price is now trading above $2,700 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $2,730 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,850 level. The first major resistance is near the $2,880 level. The main resistance is now forming near $2,950. A clear move above the $2,950 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone. Are Dips Supported In ETH? If Ethereum fails to clear the $2,850 resistance, it could start a downside correction. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,720 zone and the trend line. A clear move below the $2,720 support might push the price toward $2,650. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500. 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 – $2,850 Major Resistance Level – $2,720

Bitcoin price is gaining pace above $74,000. BTC is trading in a bullish zone and might rise further above the $76,500 resistance zone. Bitcoin started a fresh surge above the $73,500 zone. The price is trading above $73,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $75,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise above the $76,000 resistance zone. Bitcoin Price Extends Rally Bitcoin price started a fresh surge above the $73,500 level. BTC even cleared the $75,000 resistance and traded to a new all-time high. It posted a high at $76,457 and is currently consolidating gains. There was a minor decline below the $76,000 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $72,747 swing low to the $76,457 high. However, the price is still in a positive zone above the $73,500 level. Bitcoin price is now trading above $74,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $75,250 on the hourly chart of the BTC/USD pair. On the upside, the price could face resistance near the $75,800 level. The first key resistance is near the $76,000 level. A clear move above the $76,000 resistance might send the price higher. The next key resistance could be $76,500. A close above the $76,500 resistance might initiate more gains. In the stated case, the price could rise and test the $78,000 resistance level. Any more gains might send the price toward the $78,800 resistance level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $76,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $75,250 level and the trend line. The first major support is near the $74,150 level or the 61.8% Fib retracement level of the upward move from the $72,747 swing low to the $76,457 high. The next support is now near the $73,500 zone. Any more losses might send the price toward the $72,000 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 50 level. Major Support Levels – $75,250, followed by $74,150. Major Resistance Levels – $76,000, and $76,500.

Ethereum has surged over 8% following Donald Trump’s election victory, igniting fresh optimism among investors. Despite this rally, ETH still trades below a crucial resistance level, keeping the price in check since early August. This resistance, a critical barrier, must be cleared for Ethereum to regain its bullish momentum fully. Analysts are watching closely, with top crypto expert Inmortal sharing a recent technical analysis that suggests Ethereum could be gearing up for a significant breakout. According to Inmortal’s analysis, ETH appears to be building strength, and a push above this resistance could unlock the potential for a sustained rally. The market’s response to Trump’s win, particularly as he is seen as a pro-crypto candidate, has boosted sentiment, and many now anticipate increased volatility and upside for Ethereum. Investors are now eyeing ETH’s next moves, with any break above the current resistance likely to signal the beginning of a stronger upward trend. As Ethereum inches closer to this key level, market participants are preparing for what could be a defining moment in ETH’s performance this cycle. Ethereum Pushing Key Supply Ethereum is pushing to break a critical resistance at $2,750, a level that has kept ETH under pressure since early August. This resistance has been a strong barrier; breaking above it is essential for confirming a sustained rally. Top crypto analyst and investor Immortal recently shared a detailed technical analysis on X, where he outlined a $3,400 price target for ETH if it successfully clears this key resistance. In his analysis, Inmortal emphasized that Ethereum, often dubbed the “most hated coin” in the current market, is worth paying close attention to despite its recent underperformance. Many investors have expressed frustration with ETH’s lagging momentum compared to other assets, making a breakout above $2,750 a potential game-changer for sentiment and price action. The coming days will be pivotal as the market digests the impact of Donald Trump’s election victory and prepares for the Federal Reserve’s upcoming interest rate decision on Thursday. Trump’s win has already created bullish momentum across the crypto market, and Ethereum’s breakout could capitalize on this shift in sentiment. However, volatility may remain high, and any unexpected news from the Fed could impact ETH’s trajectory. If ETH can hold above $2,750 and continue pushing higher, the $3,400 target outlined by Inmortal could come within reach, marking a strong recovery phase for Ethereum. For now, the crypto community will be watching closely, as this breakout level can potentially define Ethereum’s performance in the months ahead. ETH Technical Analysis Ethereum is trading at $2,620 after a solid 12% surge from recent lows at $2,355. This price movement has given bulls hope that a rally may be on the horizon. However, ETH must break above the key $2,750 resistance level for the bullish momentum to continue and reclaim price action. This level coincides with the 200-day exponential moving average (EMA), a crucial indicator of long-term strength. A breakout above this level and a successful retest would signal a market sentiment shift, confirming that ETH is on track to regain bullish control. The 200-day EMA is often viewed as a significant support level once the price holds above it. If Ethereum manages to close above this level and maintain the price, it could spark further upside movement. On the other hand, if Ethereum fails to break above $2,750 and struggles to hold, it would signal a failed breakout. In such a case, ETH could face further consolidation or retrace to lower demand levels, possibly around $2,500 or even lower. Bulls must remain vigilant as the coming days will be critical for confirming Ethereum’s next move. Featured image from Dall-E, chart from TradingView