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Showing posts from November, 2024

Sui Ecosystem Altcoin Explodes 109% As Binance Announces Trading Support

An altcoin in the Sui (SUI) ecosystem is skyrocketing after suddenly gaining support from Binance. In a new announcement, the world’s largest crypto exchange platform by volume says that it will be adding trading support for Cetus (CETUS), a decentralized exchange (DEX) and concentrated liquidity protocol on the Sui blockchain. According to Binance, CETUS opens up for spot trading as well as futures contracts in the USDT trading pair on Wednesday, while withdrawals are permitted starting Thursday. News of the listing sent CETUS, the project’s native asset, flying. CETUS shot up to a high of $0.341 Tuesday, up from Monday’s low of $0.163, a 109% gain. At time of writing, CETUS is trading for $0.31 with a current market cap of $101.8 million and ranked as the 439th largest crypto asset. Binance is applying a seed tag to CETUS, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. Binance require

Donald Trump’s triumph creates over 11,000 new Bitcoin millionaires

While Bitcoin (BTC) attempted a breakout already as Americans were casting their ballots, the true rally came once President-Elect Donald Trump’s lead in the electoral college started becoming overwhelming. As the world’s premier cryptocurrency reached a new all-time high (ATH) at $75,358.70 and is, following a 7.83% rise in the last 24 hours to BTC price today of $74,133, possibly aiming for new peaks, the number of Bitcoin millionaires has also rocketed. Specifically, on October 7 – just under a month ago – 121,061 addresses were holding more than $1 million worth of the coin, and at press time on November 6, there were 132,842 – meaning there are 11,487 new BTC millionaires as per Finbold Research. Of these, 121,126 addresses hold between $1 million and $9.99 million, and 11,716 are richer than $10 million. On October 7, data retrieved from BitInfoCharts using the Wayback Machine web archive tool shows there were 10,434 addresses with more than $1

Bitcoin’s parabolic rally: Why $170,000 could be the next target

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With Bitcoin (BTC) holding above the $70,000 mark, market attention remains focused on whether the maiden cryptocurrency can experience a potential breakout in the near future. Notably, crypto analyst TradingShot shared insights in a TradingView post on November 4, analyzing Bitcoin’s technical setup and its potential to reach the $170,000 level. Bitcoin price analysis chart. Source: TradingShot/TradingView Historical patterns: Rebounding from key support levels Historically, Bitcoin has shown a strong tendency to rally after rebounding from significant support levels, the 50-week Moving Average (1W MA-50).  Picks for you DOGE or SHIB? We asked ChatGPT-4o which is a better buy for 2025 2 hours ago Key gold price levels to watch a

Bitcoin Policy Institute pitches US strategic bitcoin reserve

On the eve of the US presidential election, the Bitcoin Policy Institute published a report endorsing a strategic reserve of bitcoin akin to US strategic reserves of gold, medical equipment, minerals, or petroleum. Asking whoever becomes president to ask the US Treasury Secretary to buy bitcoin, the 53-page research paper attempts to cover the pros and cons of investing in the crypto as a sovereign. The authors distinguish between bitcoin as a central bank asset held by the Federal Reserve and bitcoin as a discretionary investment of the US Treasury. The paper specifically advocates for the latter. Authors tossed around proposals like a multi-year, dollar cost-averaging purchase program — or buying enough bitcoin to equal the amount of the Treasury’s gold reserves . After these far-from-conservative examples, the authors recommended forming governance boards to plan a realistic fiscal policy. Readers might also be curious as to why the paper is asking for a strategic b

Is It Too Late To Buy FWOG? Fwog Price Leaps 27% And This Might Be The Next Crypto To Explode

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The Fwog price has soared 27% in the last 24 hours to trade at $0.3433 as of 8:30 a.m. EST on a 34% surge in trading volume to $34 million. Fwog Price May Continue The Bullish Trend Within The Ascending Channel The FWOG/USD chart on a 15-minute timeframe shows an upward trend within an ascending channel, signalling a bullish movement. The price is currently around 0.3380, slightly down by 2.03%, and has been moving between the upper and lower bounds of the channel, which serve as dynamic resistance and support levels. FWOGUSD Analysis , Source: Dextools.io A notable “Golden Cross”  has occurred, with the 50-period moving average (0.3157) crossing above the 200-period moving average (0.2877). This crossover typically signals further bullish momentum as the price remains well above both SMAs. Additionally, a support level around the 0.30 price area provides a strong base for the price if it faces a pullback. The indicators support the bullish outlook. The MACD shows a sligh

Shiba Inu: How To Be A Millionaire When SHIB Hits $0.000075?

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Shiba Inu (SHIB) is one of the most successful cryptocurrency projects in the last four years. The asset has witnessed a significant rise in value since its launch in August 2020. During the 2021 bull run, SHIB’s price rallied by many million percent. Early investors made massive returns with very little capital. While some believe the SHIB boat has sailed, others think there is still time to make it big with the dog-themed crypto. Also Read: Dogecoin (DOGE) Predicted To Rally 33% To $0.20: Here’s When How Can You Become A Millionaire If Shiba Inu Hits $0.000075? Source – Token Metrics At $0.000075 per coin, you will need about 13,333,333,333.3 (13.33 billion) SHIB tokens. The price of 13.33 billion SHIB right now is about $213,333.33. If the trade is successful, your portfolio’s value will grow by 268.75%. While the growth would be commendable, it is not something SHIB has not done before. As stated earlier, SHIB’s price rallied by many million percent during the 2021 bull run. Althou

Simon’s Cat Price Prediction: CAT Leaps 8% As Pepe Unchained Rockets Past $24 Million In Presale

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The Simon’s Cat price surged 8% in the last 24 hours to trade at $0.00003076 as of 07:23 a.m. EST on trading volume that dropped 6% to $100 million, according to CoinGecko .  Simon’s Cat Price Gearing Up Towards A Bullish Trend Reversal The Simon’s Cat price went through a markup phase from October 20, as the bulls capitalized on the $0.00002318 support level to propel the token. However, CAT experienced some resistance around $0.00004464, which allowed the price of Simon’s Cat to plunge, forming a rounding top pattern. The Simon Cat price now seems to have invalidated the rounding top pattern, with CAT rebounding from the $0.00002688 support level. CAT still trades below both the 50-day and 200-day Simple Moving Averages (SMAs), as the trend coincides with the recent price retrace. The 200-day SMA now acts as the next immediate resistance at $0.000033019. Furthermore, the Relative Strength Index (RSI) seems to be rebounding from the current neutral zone at 44, a confirmation of t