Category: Analysis

History Says It’s The Most Bullish Month In History

The XRP price performance in the month of November has historically been more bullish than not, confirming higher returns than any other month in the year. Given this trend, it is possible that the XRP price could be headed for a rapid increase this new month. However, there is also the fact that the price had closed in the red back in October, and this performance could have an impact on how the cryptocurrency turns out in November. Looking At XRP Price Performances In November According to data from CryptoRank,…

Solana (SOL) Nosedives — Sellers Tighten Grip, Recovery Attempts Fail

Solana started a fresh decline from the $188 zone. SOL price is now consolidating losses below $180 and might decline further below $175. SOL price started a fresh decline below $185 and $180 against the US Dollar. The price is now trading below $182 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start another increase if the bulls defend $175 or $172. Solana Price Dips…

Ethereum Founder Vitalik Buterin Triggered 120% ZkSync Price Rally With This Post

Key Notes ZKsync price surged 120% after Vitalik Buterin praised the project’s contributions to Ethereum scalability. The rally followed ZKsync’s “Atlas” upgrade announcement introducing faster, more interoperable institutional-grade payments. ZKsync confirmed over 30 major institutions joined as observers for its new privacy-focused “Prividium” layer. ZKsync price rallied 120% to hit $0.74 on Sunday after Ethereum co-founder Vitalik Buterin’s endorsement triggered intense market optimism. The move began on Friday when ZKsync founder Alex Gluchowski, announced the launch of the Atlas upgrade, citing institutional-grade scalability, interoperability, and transaction speeds as key features.…

Dash Price Crosses $90 First Time in 3 Years as Bitcoin and ZCash (ZEC) Retreat: Here’s Why

Key Notes Dash price jumped 25.84% in 24 hours, crossing $90 for the first time since 2022. Bitcoin and ZCash prices faltered as investors rotated into Dash. DashPay team’s new report spotlighted five major product upgrades fueling investor optimism. Dash price rose 25.84% over the last 24 hours, outpacing rival privacy coins ZCash (ZEC) and Bitcoin. As of Sunday, November 2, Dash trades at $90, marking its first time above the $1 billion market cap since 2022. Over the past month, privacy coins have witnessed a remarkable resurgence, with ZEC…

Hedera Price Prediction: Falling Wedge Pattern Hints 150% Upside Amid $44M HBAR ETF Inflows

Key Notes HBAR gains 3% in 24 hours, hitting $0.20 after ETF inflows surge. Canary’s HBAR ETF records $44 million in net inflows, leading altcoin peers. Falling wedge breakout pattern projects up to $0.50 if bullish momentum holds. After closing October with a 13% loss, Hedera (HBAR) price dipped by another 3% in the last 24 hours, hitting $0.19 on November 2. As macro headwinds taper off, Hedera appears to be benefiting from $44 million ETF inflows, as institutional investors take on a bullish outlook on HBAR’s enterprise solution prospects.…

UAE Telecom Giant du Enters Crypto Mining

Key Notes Telecom company du has launched a cloud miner in the UAE. The contracts reportedly begin at 250 TH/s. The first auction for these contracts runs from November 3 – 9. The UAE-based telecom giant du has launched its “Cloud Miner,” a mining-as-a-service platform, which will take care of hardware, electricity, and maintenance for its customers. According to a report by The National, du’s Cloud Miner allows UAE residents to subscribe to crypto-mining capacity instead of buying hardware. This lowers the barrier for everyday users to participate in crypto…

Michael Saylor Announces 10.5% STRC Monthly Dividends as Bitcoin Treasuries Take $20B Haircut in October

Key Notes Strategy raises STRC monthly dividend to 10.5%, up from 10.25% last week. Bitcoin treasury firms shed $20 billion in market cap as BTC fell 8%. Despite losses, total Bitcoin holdings by treasury firms increased by 3,970 BTC in October. Michael Saylor-led Bitcoin-focused firm Strategy has announced a 10.5% monthly dividend on its STRC stock, signaling confidence in its Bitcoin-backed financial structure. The move follows a positive Q3 report, where the company declared $3.9 billion in profits, a massive improvement from $432.6 million in losses recorded in Q3 2024.…

Litecoin Price Nears $100 as Canary’s LTCC ETF Pulls $1.65M in First Week Trading

Key Notes Canary’s LTCC ETF recorded $1.64 million in net assets by October 31. Litecoin trails Solana and Hedera ETFs in investor inflows. Stake.com now accounts for roughly 16% of Litecoin’s daily on-chain transactions. Litecoin price closed October at $99, gaining 3% as the U.S. welcomed its first Litecoin ETF. Canary’s LTCC fund began trading on October 28, joining Solana and Hedera ETFs as the latest cryptocurrency derivatives assets listed for regulated trading in the US. According to data from SoSoValue, LTCC’s cumulative total net inflow reached $719,970, with $802,260…

MEXC at Risk of Bankrun Amid Insolvency Rumors

Key Notes About $5.5 billion had been withdrawn from MEXC within a short time. Users are now facing delays in withdrawals and suspect that the firm is in the middle of undisclosed insolvency. MEXC has denied the claims and promised to update its Merkle tree data later, allowing users to verify the reserves directly. There are suspicions that cryptocurrency exchange MEXC is facing insolvency, especially after massive withdrawals were noticed on the platform. Users reportedly experienced delays when attempting to withdraw their funds. This was after about $5.5 billion had…

Charles Hoskinson Reacts to Scott Bessent’s Bitcoin Post

Key Notes US Treasury Secretary Scott Bessent posted on X about Bitcoin’s reliability over the last 17 years. Charles Hoskinson is somewhat surprised that he made the post as an elected official. Bitcoin has seen more mainstream and institutional adoption this year. Cardano founder Charles Hoskinson finds it amusing that the United States Treasury Secretary is advocating for Bitcoin (BTC). He suggested this stance in an X post from November 1 after Scott Bessent made a post acknowledging the publication of the Bitcoin Whitepaper 17 years ago. US Pro-crypto Administration…