On November 27th, COINOTAG News reported that the Brazilian Congress is considering a groundbreaking bill that could revolutionize its approach to digital assets. Introduced by Congressman Eros Biondini on November
Trump’s Pet Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump’s Pet Pepe (TRUMPEPE), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because TRUMPEPE is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump’s Pet Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early
Altcoins like Dogecoin (DOGE) and Cardano (ADA) have continued to carve out a significant presence in the crypto industry. Dogecoin and Cardano especially started as undervalued altcoins, but with time, they grew to achieve phenomenal success, attracting millions of dollars for Dogecoin and Cardano holders across the globe. As 2024
HNT's Open Interest and net flow signals strong confidence from traders and whales.
The post XRP Price Prediction for November 27 appeared first on Coinpedia Fintech News XRP, the native token of Ripple, appears to be moving sideways after experiencing a notable rally in the past weeks. As of today, November 27, 2024, XRP, along with the overall cryptocurrency market, has been experiencing a price decline. Some refer to this as a price correction, while others believe the decline is driven by …
On November 27, COINOTAG reported that Flashbots researcher Shea Ketsdever introduced BuilderNet, a groundbreaking decentralized Ethereum block building network. Operating on a Trusted Execution Environment (TEE), BuilderNet aims to redistribute
According to recent updates from COINOTAG, former SEC commissioner Paul Atkins has emerged as the leading candidate to take the helm of the U.S. Securities and Exchange Commission. This information
A federal appeals court has reportedly ruled that the U.S. Treasury Department overstepped its authority when sanctioning immutable…
Bitcoin price momentum has grabbed significant attention as it gradually sheds some of its gains acquired in the past weeks. So far, Bitcoin has plunged 7.6% from its all-time high (ATH) of $99,645 seen last week. Particularly, at the time of writing, the asset trades for $92,476. Marking roughly 4.6% drop in the past day alone. Related Reading: Bitcoin Rally Pauses Before $100K—Here’s What Could Happen Next What To Expect From This Current Bitcoin Decline Amid the ongoing correction in Bitcoin’s price, a recent analysis from CryptoQuant’s BaroVirtual has highlighted the steady decline in Bitcoin reserves across major crypto exchanges. According to the analyst, this pattern indicates a market amid a “bull run.” The analyst drew parallels with the March to November 2020 period, noting that exchange reserves saw a similar decline back then, followed by substantial inflows in December 2020 that fuelled upward buying pressure. The conclusion? The current dip in exchange reserves suggests that participants who missed earlier accumulation opportunities may now be entering the market before the next price surge. BaroVirtual noted: Some market participants who have not properly accumulated Bitcoin earlier are likely doing so now, realizing that this is likely the last downward correction before another upward price surge. Retail Traders Yet to Join The Market Meanwhile, although institutional investors and high-net-worth individuals seem to dominate the current market, retail traders appear to be lagging. Another CryptoQuant analyst known as Woominkyu has shed light on this trend, noting that the Korea Premium Index—a key metric for retail involvement—remains below -0.5. This figure highlights limited activity from retail participants in the ongoing rally. According to Woominkyu, the Korea Premium Index has historically shown spikes to extreme levels preceding Bitcoin’s price peaks. He emphasized that monitoring this index could provide vital insights into identifying potential market tops. It is worth noting that the absence of retail traders in the recent crypto rally is quite noteworthy, as their eventual participation could lead to heightened buying pressure and potentially drive Bitcoin’s price higher. At the time of writing, the crypto market is facing a bloodbath, with the global crypto market cap valuation sipping by nearly 6% in the past day to a current valuation of $3.34 trillion. Related Reading: Bitcoin Price Crash Not Over? Why A Decline To $89,000 Is Possible According to data from CoinGlass, in the past 24 hours, 206,491 traders have been liquidated, with the total liquidation of the crypto market is roughly $624.99 million. Featured image created with DALL-E, Chart from TradingView
Pantera Bitcoin Fund’s jaw-dropping 1,000x return spotlights bitcoin’s explosive potential, with founder Dan Morehead forecasting a transformative financial revolution yet to unfold. $740K BTC in Sight as Pantera Capital’s Bitcoin Fund Hits 1,000x Milestone The Pantera Bitcoin Fund, an investment fund managed by Pantera Capital, a leading cryptocurrency-focused investment firm, has achieved a staggering milestone,