The long-awaited development for the world's largest cryptocurrency, Bitcoin, may finally come to fruition. Here are the details. Continue Reading: A New Milestone for Bitcoin is Approaching: Official Authority Made the Announcement
According to L2BEAT data, Ethereum Layer2 TVL has soared to $43.9 billion, marking a 3.76% increase on the 7th. Read original article on coincu.com
This year, TON soared uphill due to the launch of games and the onboarding of new users. On-chain factors have shown a possible pathway to drive growth.
XRP Coin has surpassed one dollar, marking a significant price milestone. Investor confidence remains high despite fluctuations in Bitcoin prices. Continue Reading: XRP Coin Surpasses One Dollar as Market Confidence Grows The post XRP Coin Surpasses One Dollar as Market Confidence Grows appeared first on COINTURK NEWS .
XRP has been causing waves in the crypto space with a significant price pop and equal amounts of market attention from investors. Whale and shark wallets holding a minimum of 1 million XRP recently reached a five-year high of 45.61 billion tokens. Related Reading: Bitcoin To $800K? Galaxy Digital CEO Unveils Bold 5-10 Year Forecast The increase in accumulation suggests renewed confidence from high net-worth investors who believe there is more upside for the coin. As per Santiment, these whales collected 3.44 billion tokens over the last two years which is an uptick of 8%. The last week brought jubilant news for the XRP enthusiasts as the price rallied by over 90%. The excitement around the currency however is on the all-time high due to the prevailing communal positive energy and enthusiasm. 🐳 Wallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June, 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days. pic.twitter.com/nzYNU3CJyW — Santiment (@santimentfeed) November 14, 2024 Rising Prices, Growing Conversations The strong rally of XRP has ignited conversations online once more. Nearly 5% of crypto discussion recently has focused on XRP’s impact which indicates its increasing relevance. The token is currently priced at approximately $0.71 and has strong resistance ahead of it. Analysts believe that, given factors such as funding rates and the fear of missing out (FOMO), maintaining that momentum will be essential in the next upward price movement. However, considerable concern persists. If overextended longs arise on big exchanges such as Binance, the rising trend may slow. It’s a fine line between optimism and the requirement for market health to sustain prolonged rallies. Technical Breakout Leads To Higher Targets Technically, XRP’s recent price fluctuations indicate a positive trend. Crypto researcher Jonathan Carter said that the token has broken out of a triangle pattern that has been in place since 2021. Such breakthroughs frequently herald big price movements, and for XRP, this could point to mid-term resistance around $1.68. Historical patterns, on the other hand, add to optimism. Analysts have drawn comparisons to XRP’s performance in 2017, indicating the possibility of exponential development. While estimates range as high as $4.80 by late 2024, they are dependent on sustained growth and broader market circumstances. Related Reading: Solana Rising: Key Metrics Hint At Serious Ethereum Competitor Market Activity Supports Momentum There has also been increased activity of XRP in the market as well. The trading volume within the last 24 hours has registered an increase of 120% to hit the $17.50 billion mark. This rise coupled with a 12 percent rise in open interest in respect of XRP derivatives points out to more traders betting on the potential of the token for further upside. Despite the positive developments, caution is urged. Based on CryptoQuant data, while miner sell-offs are currently contained, they are likely to be more pronounced if the rally goes beyond the allowable limits. As of now, investors in XRP are hopeful of the future, thanks to whale accumulation, technical breakouts, and a proactive community. But whether this trend can actually continue or not will depend on the balance of market forces and investors’ expectations. Featured image from Earth.com, chart from TradingView
SEI signals strong momentum for further gains. On the flip side, a breakdown will cause cascading longs.
Ethereum shows resilience in the face of market fluctuations, as current trading at $3,130 reflects a stall after peaking at $3,434. With diminishing exchange inflows and a bullish sentiment among
Dogecoin creator Billy Markus has suggested that the OG meme coin should follow Bitcoin’s lead and become a strategic national reserve asset.
Ripple CEO Brad Garlinghouse said this wave of optimism has contributed $800 billion to the U.S. crypto market.
Solana’s recent surge has captured the crypto market’s attention. SOL has been up 34% in the past week, surpassing $200 for the first time since April.