Day: December 1, 2024

Bitcoin dominance ready to break multi-year support

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Bitcoin dominance is in the analyst’s eyes, which indicates another cycle of the cryptocurrency market, after it is dominating for a few months. Bitcoin dominance, which measures the market capitalization of Bitcoin influence in the cryptocurrency market, has dropped to 56% or shrunk from 60% in the past month, according to the data from TradingView. Analysts also projected that Bitcoin seems to dip below its long-standing support trend line, which refers to the key technical levels that record Bitcoin domination falling below a certain threshold. “Bitcoin dominance looks so ready…

Cardano To Hit $10? Analyst Thinks It’s Happening This Cycle

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As Bitcoin leads the charge for crypto this cycle, with its price teasing the $100k level, many analysts offer predictions on top altcoins. One token that’s widely seen to surge in this cycle is Cardano (ADA), a popular proof-of-stake blockchain that supports dApps. If one crypto analyst is to be believed, Cardano can hit $10 in this current bull cycle. According to Lark Davis, the token’s 213% monthly surge only scratches the surface of its full potential. Cardano has been one of the top-performing digital assets in the last few…

XRP Becomes 4th Largest Cryptocurrency as Ripple Fuels Optimism Over Pro-Crypto Policies

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XRP has surged to become the fourth-largest cryptocurrency, overtaking solana (SOL), as legal clarity and regulatory optimism spark renewed confidence among investors. XRP Soars Past Solana, Reclaiming a Top Crypto Spot XRP has displaced solana (SOL) to become the fourth-largest cryptocurrency by market capitalization, following an impressive increase in value during November. As of writing, […] Source

How layer 1 blockchains are leading the 2024 bull run

What makes Layer 1 blockchains the centerpiece of the current bull run, and can they prove their utility beyond speculation? Layer 1s hit $2.8 trillion Layer 1 blockchains have emerged as the focal point of the ongoing crypto bull run. According to data from CoinGecko, these foundational platforms have surged an astonishing 7,000% in value since January 2024.  This milestone comes on the heels of Donald Trump’s election victory, which appears to have reignited enthusiasm within the crypto space. As of Nov. 29, L1 blockchains collectively command a market cap…

Bitcoin’s High Price Tag: Is It Alienating Retail Investors?

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Bitcoin’s astronomical price rise shows the coin is now coasting along at $97,227 per coin on Sunday, Dec. 1, 2024, at 11:57 a.m. With a $100,000 milestone in sight, it’s been sparking questions about its appeal—or lack thereof—among retail investors. The Gold Standard Trap: Bitcoin’s Struggle With Retail Appeal Bitcoin (BTC) has reached unprecedented heights, […] Original

Bitcoin Technical Analysis: BTC’s Price Trends Show Consolidation at Key Levels

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Bitcoin’s price on December 1, 2024, hovers around $97,124, reflecting a consolidation phase as the cryptocurrency market evaluates its next directional move. Bitcoin The 1-hour chart reveals bitcoin (BTC) recently rebounded after touching a low of $95,758. It is now trading within a narrow range of $97,000 to $97,500. Current chart patterns show indecision, and […] Original

XRP Will Hit $2.13 Before A Correction – Analyst Predicts Bullish Rally

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Este artículo también está disponible en español. XRP is trading just below the critical $2 mark, a level that served as the local top during the 2021 bull cycle. The price has been steadily climbing, fueled by bullish momentum, and appears poised to push higher. Investors and analysts closely monitor the charts for a definitive signal to confirm a breakout above this crucial resistance. Related Reading This psychological price level is a focal point for market participants, with a successful breach potentially marking the beginning of a sustained rally. Top…

The Death of Meta’s Libra: A 100% ‘Political Kill’

David Marcus, former head of Libra at Meta, described how the project ended at the hands of personalities in the high echelons of political power. He remarked that this happened even after satisfying the demands of lawmakers and regulators. David Marcus Tells How Libra Died for Purely Political Reasons David Marcus, the former head of […] Source CryptoX Portal

VTIS 2024: Unlocking the Gateway to Emerging Tech Markets

PRESS RELEASE. VTIS 2024, co-hosted by FPT Corporation and SSI Securities Corporation, is Vietnam’s premier tech summit. It is set to illuminate how innovations like Artificial Intelligence (AI), blockchain, big data, and virtual reality are reshaping industries-healthcare, education, retail, finance, and more. A recent Forrester report estimates the global technology market has surpassed $1 trillion, […] Source CryptoX Portal

Dogecoin To $3? Expert Says The Countdown Has Begun

Este artículo también está disponible en español. Crypto experts are confident that positive market sentiment on digital assets would also drive the price of a popular meme coin to an all-time high. Analysts see that the meme-based Dogecoin is gaining momentum for a potential bull run that propels the crypto to $3 per coin. Related Reading Dogecoin: A Potential Bull Run A well-known analyst believes that it was only a matter of time before Dogecoin attained the $3 mark. Crypto Scofield claimed that the meme coin right now is gathering…