As Bitcoin continues to soar, assets giving investors exposure to the digital coin are getting snapped up—and fast. Software company MicroStrategy (NASDAQ: MSTR), the largest Bitcoin corporate treasury reserve holder, is the most active stock being traded so far Wednesday. Data from TradingView shows that the company’s equity is right now more popular than Nvidia or Tesla stock by its metric. The most actively traded stock metric multiplies a company’s volume of traded shares by its price.  Not only that, but MSTR hit a new all-time high price on Wednesday—as did the price of Bitcoin. MSTR rose as high as $499 on Wednesday and is currently priced at about $492 a pop, up 14% over the past day. Zooming out further, the stock has risen 124% over a 30-day period.  Bitcoin’s price today surged to a new all-time high of $94,891, according to CoinGecko. The cryptocurrency has surged off the back of Republican Donald Trump’s November 5 election win. The President-elect has promised to be crypto-friendly and help the Bitcoin and digital assets space. On Wednesday, MicroStrategy announced that it has super-sized its latest convertible notes offering, boosting it from $1.75 billion as announced Monday to $2.6 billion due to “high demand.” MicroStrategy now calls itself a “Bitcoin development company”: It sells data-analyzing software but it mainly now securitizes Bitcoin, the biggest and oldest digital asset. By buying virtual coins using debt, investors can then buy shares in the company and get exposure to the cryptocurrency.  MicroStrategy’s co-founder and ex-CEO Michael Saylor, now its executive chairman, decided to have the company buy Bitcoin back in 2020 after COVID lockdowns began shutting down global economies. His thesis was that Bitcoin was a “dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.” The Tyson, Virginia-based firm now holds 331,200 Bitcoin—today worth nearly $31 billion. It is the largest corporate treasury reserve holder of the asset.  Formerly a quiet software company, MicroStrategy’s stock has roared as the price of Bitcoin has appreciated: Since the first 2020 buy, MSTR is up over 3,900%, making it a favorite for tech investors.  The company’s returns have beat all companies on the S&P 500; MicroStrategy is now the 88th biggest public company in the United States, with a market cap of $109.3 billion. MSTR just entered the top 100 on Wednesday with its latest price surge. In a recent interview with journalist Natalie Brunell, Saylor said that he was despondent until he found Bitcoin—which eventually saved his company.  “When I found Bitcoin, I was in despair,” he said. “I had worked for a decade. I had spent 20,000 man years attempting to do everything under the sun. I could not get ahead.” “And then you realize, no—the system is rigged against you,” he added.  Edited by Andrew Hayward Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email  Read More

A Solana meme coin creator who appears to be a teenager rug-pulled holders late Tuesday after his token hit a $1 million market cap. Giddy from the $30,000 he’d just pocketed, the dev flipped off everyone watching his livestream and yelled, “Thanks for the 20 bandos,” as he jumped around the room. But Crypto Twitter took that personally—and rapidly got revenge. Over the next four hours, the Pump.fun-launched token named GenZ Quant (QUANT) skyrocketed to a peak market cap of $85 million. If the kid had held onto his bag until that point, his $30,000—not $20,000 according to on-chain data, despite his comment—would have been worth more than $4 million. That’s a generational wealth fumble if we’ve ever seen one. This all started when a photo of the kid behind QUANT went viral on Monday. “Just made $2K before school,” the Twitter post read, from an account claimed to be the kid’s. “Lock in.” Crypto Twitter apparently found this hilarious, with the initial post hitting over 3 million views as other accounts reposted the image with their own captions. Degens marveled over the idea a kid that appears to be in his early teenage years could generate so much money in crypto. That’s why when that same kid launched a token via Pump.fun just two days later, it quickly gained the attention of degens. In the 10 minutes that followed the launch, the dev hyped the project on a livestream as viewers and traders joined to watch the spectacle. “I believe anyone who invested in QUANT and watched the livestream, including myself, genuinely thought it could be a promising coin,” pseudonymous trader Nocci, who bought the token, told Decrypt. “After all, it’s not every day you see a 12-year-old who made $2,000 launching their own token. The hype was strong.” But as the token hit a $1 million market cap, the kid promptly sold and dumped his bag, resulting in the token’s price falling 54% in a matter of seconds. This has been defined as a rug pull by on-chain data visualization company, Bubblemaps.  Initially, he acted surprised that the token had dropped so sharply before spinning on a dime and basking in his newfound fortunes—by jumping up in the air, flipping off his viewers, and freaking out over the gains. This is an extension of the livestream meta that has birthed some of the most viral meme coins of 2024. It all started when a purported mother joined her son on camera to shake her boobs, promising sexually suggestive acts if the token pumped—but they rugged before anything crazy could happen. This was then topped by a Florida man who set himself on fire to pump his meme coin, resulting in him being hospitalized with third-degree burns. Both these tokens died out shortly after the events took place—but QUANT was different. This time around, the situation was so funny and viral that degens started to buy it up. “I wasn’t initially [invested] but after he ended the steam I bought some,” pseudonymous meme coin trader Beezy told Decrypt, “just because of how funny the whole thing was and I saw how much traction my tweet [about it] was getting.” As investors started to pour in, posts about the situation went more and more viral, leading to popular Twitch streamer xQc reacting to it with a total of 181,000 viewers. This led to the recently dumped meme coin touching a $85 million market cap. “It was almost like a revenge pump where people got together, fueled by the desire to make something out of the situation,” Nocci explained. “They started buying in, creating a buzz, and spreading the word to show that the community could turn things around after being scammed by the kid.” While the dev may be upset to have fumbled potentially $1.5 million, those invested in the project believe the token wouldn’t have mooned without the kid’s antics. “Him dumping was crucial, it made the narrative,” Beezy said. “Crypto for sure got its revenge.” The kid missing out on generational wealth was enough revenge for most people, but others went much further. Disgruntled traders found the kid’s real identity, leaking his address and school, and spamming his apparent mother’s Instagram with hateful comments. Decrypt reached out to his purported mom and two Twitter accounts apparently linked to the de,v but did not immediately receive a response. After the rug, the kid created another token called I’m Sorry (SORRY), which hit a $4.5 million market cap after he sold at the $400,000 level for just over $13,000. Then another token based on his dog (LUCY) hit a $3.8 million market cap, after he split his supply, selling around $20,300 worth when the token was around a $700,000 market cap. “The kid did nothing wrong. He never promised a long-term roadmap or the future of finance. It’s a meme coin. This is all insanely speculative,” pseudonymous trader SaaS Wiz—who bought the token at a $20,000 market cap—told Decrypt. “This is great for crypto. It’s going to onboard so many new people for the bull run.” Edited by Andrew Hayward Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email  Read More

FTX co-founder Gary Wang avoided prison time Wednesday, sentenced to time served and three years of supervised release for his role in the crypto exchange’s collapse. “You did the right thing,” U.S. District Judge Lewis Kaplan told Wang, according to a post on Twitter (aka X) from Inner City Press. “I don’t think I need to say much about the extent of your cooperation. You are entitled to a world of credit.” Wang, who met FTX co-founder and former CEO Sam Bankman-Fried at a math camp in high school, served as a key witness in Bankman-Fried’s criminal case. Just over a year ago, Wang testified about how billions of dollars in customer funds were siphoned from the exchange by FTX’s sister trading firm, Alameda Research, using a virtually unlimited line of credit. At the same time, Wang revealed changes to FTX’s codebase that gave Alameda special privileges, such as an “allow_negative” balance feature. That enabled Alameda to make unlimited withdrawals from FTX, including assets borrowed from the exchange. Alongside Alameda’s ex-CEO Caroline Ellison, Wang flipped on Bankman-Fried following the exchange’s unraveling two years ago. Both agreed to cooperate with prosecutors’ investigation into the exchange’s collapse, pleading guilty early on in hopes of a lighter sentence. At the time, Wang pleaded guilty to four felony counts of fraud and conspiracy.  On Tuesday, Assistant United States Attorney Nicolas Roos described Wang’s cooperation as pivotal. Calling Wang one of the easiest cooperators that he’s ever worked with, Roos said that Wang also created an impressive tool for detecting fraud at FTX, per Inner City Press. Bankman-Fried was sentenced to 25 years in prison in March after being found guilty of seven counts of fraud, money laundering, and conspiracy. Since then, the former crypto mogul has filed an appeal, arguing that he was “presumed guilty” heading into his high-stakes trial. Wang is the final member of Bankman-Fried’s inner circle to face Judge Kaplan for sentencing. In September, Ellison received a two-year prison sentence while agreeing to forfeit $11 billion, while FTX engineering chief Nishad Singh avoided prison time in October.  Throughout the sentencing of Bankman-Fried’s inner circle, cooperation with prosecutors was weighed by Judge Kaplan as a significant factor. Meanwhile, Ryan Salame, co-CEO of FTX Digital Markets, who never testified, was sentenced in May to seven-and-a-half years. According to Inner City Press, Wang has left the crypto industry behind and is expecting his first child. At the same time, the FTX co-founder expressed a sense of remorse for his involvement in the exchange, apologizing during Wednesday’s hearing. “I am deeply sorry to all the customers and investors in FTX who trusted us,” he said. “There are so many things I could have done.” Edited by Andrew Hayward Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email  Read More

Highlights Positive developments in Ripple’s SEC case fuel investor confidence and XRP’s cross-border payment dominance. Rising public interest and technical patterns signal potential for DOGE to surpass its all-time high. Rexas Finance revolutionizes real-world asset tokenization, offering strong presale performance and user-friendly tools. With Bitcoin price breaking records at over $94,000, the cryptocurrency market is preparing for an exciting altcoin season. Investors are now turning their attention to other digital currencies that could bring substantial profits. XRP, Dogecoin (DOGE), and Rexas Finance (RXS) are highlighted as the altcoins to watch to amid the many choices available. Here’s the reason they should be noticed as the market becomes more competitive. 1. XRP:  Altcoin Leading the Charge in Cross-Border Payments XRP remains strong as Ripple’s legal dispute with the U.S. SEC sees positive development. The ongoing case, lasting for years, is approaching its end, with many predicting a positive result. The possibility of Ripple overcoming legal battles have boosted market confidence, and the growing adoption of XRP in international payments has positioned it as one of top altcoins to watch. advertisement Currently at $1.13, XRP price has experienced an increase of 2.04% over the past day, and rising 66.15% in the past week. With a market capitalization of $64.29 billion and a yearly performance of 81.2%, the token is well positioned as a leading competitor for the approaching altcoin season due to its resilience and innovation. Analysts forecast the value of XRP could hit $1.7 soon due to increased interest from institutions and growing transaction volumes. 2. Dogecoin (DOGE): Beyond the Meme Status Dogecoin goes beyond being just a meme—it represents a community-led phenomenon with genuine possibilities. Ali Martinez, the analyst, cites increasing Google search trends as a sign of growing public interest in DOGE, which has not reached its highest point yet. This indicates that the altcoin has potential for further growth, establishing it as one of the meme coins to buy this season. DOGE’s technical charts reveal a bullish flag pattern, hinting at a possible price breakout. If the hourly close surpasses $0.40, experts predict DOGE could soar to $0.85, surpassing its previous all-time high of $0.74. Although Dogecoin price shows a decline of 2.14%, over the past day, it has demonstrated an increase of 173% over the past one month, backed by a robust market cap of $57.18 billion. Its growing adoption, increasing popularity and strong community, make it  one of the best altcoins to watch before altseason begins. 3. Rexas Finance (RXS): A Trailblazer in Real-World Asset Tokenization For investors looking for innovation, Rexas Finance (RXS) presents a revolutionary method for tokenizing real-world assets (RWAs). Having recently finished its Stage 5 presale, RXS raised $7.9 million out of the intended $8.6 million with a price of $0.08. The RWA token is expected to see a price increase upon entering Stage 6, with a projected growth forecast of 267% by the end of 2024. The project’s focus on increasing accessibility to valuable assets such as real estate and commodities makes it one of the most interesting altcoins to watch. RXS’s user-friendly tools, including the Rexas Token Builder and QuickMint Bot, simplify asset tokenization, making it accessible even to non-technical users. Its strong foundation, with listings on CoinMarketCap and CoinGecko and a Certik security audit, has earned it credibility among early adopters. Investors interested in early-stage cryptocurrencies can expect returns of up to 2.5x when the token launches, further enhancing its appeal. Why These Altcoins Matter As Bitcoin leads the way with its historic surge, XRP, DOGE, and RXS are carving their niches in the crypto market. Whether through revolutionary technology, community-driven momentum, or innovative use cases, these altcoins represent the altcoins to watch as the market anticipates an altcoin season. Top Crypto Presale Projects For 2024 To Invest; Updated List Best Crypto AI Trading Bots For 2024 Top Meme Coins to Buy Now in 2024 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape

Highlights Hoth Therapeutics announce plans to buy $1M worth of BTC. The firm’s Board of Directors approve its plan to make Bitcoin as a strategic reserve. The chronicle underscores falls in line with rising institutional demand in the asset following the U.S. elections. In an unprecedented move, biopharmaceutical company Hoth Therapeutics announced on Wednesday that it plans to buy $1M worth of BTC, sparking market discussions globally. The company’s Board of Directors approved the abovementioned purchase, primarily in an effort to strengthen the firm’s treasury reserve. This announcement has further gained significant traction as the flagship crypto continues to witness soaring institutional interest post-U.S. elections. Hoth Therapeutics Announce Bitcoin As Treasury Reserve Asset. According to an official press release dated November 20,  Hoth Therapeutics’ Board of Directors approved the purchase of $1M worth of the crypto as the firm’s treasury reserve asset. Notably, Hoth Therapeutics CEO, Robb Kine, stated, “As Bitcoin continues to grow, gaining investor attention and acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset.” Kine takes the stage to further add that “With recent approval of Bitcoin ETFs and increasing activity from institutional investors, it is a strong addition to our treasury strategy. We believe its inflation-resistant characteristics may make it a reliable asset as a functional store of value.” advertisement Overall, this announcement echoed notable optimism surrounding the leading crypto by market cap, underscoring rising market demand. Soaring Institutional Interest Propels Further Market Optimism The flagship crypto leverages further market optimism as institutions rush to accumulate more BTC post-U.S. elections. Notably, BTC ETFs continue to record robust inflows, as seen by Bitwise hitting $10 billion in assets under management. Primarily, this rising demand comes against the backdrop of Donald Trump’s win in the U.S. elections. Trump’s reelection also ignited positive sentiments around establishing a strategic U.S. Bitcoin reserve. Furthermore, in light of the BTC ETF Options launch today, a bolstered market sentiment is much awaited by market participants. Simultaneously, the flagship crypto also hit a new ATH at the $94,600 level intraday, adding to investor optimism surrounding the asset. Coupled with Hoth Therapeutics’ BTC buying plan, recent market events paint a highly optimistic scenario for the crypto. Moreover, BTC miner MARA’s plans to raise $700 million for further purchasing the coin have added to market bullishness on future movements. Top Crypto Presale Projects For 2024 To Invest; Updated List Best Crypto AI Trading Bots For 2024 Top Meme Coins to Buy Now in 2024 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape

Ethereum (ETH) price today trades at $3,112.8 as of 3 PM. Ether prices hit a daily high of $3,150.2 today after rising 0.19% on November 20. Ethereum Price is Up Today: Why? The Ethereum price trades at $3,112.8 after recovering nearly 4% from the daily low of $3071.49. This uptick is in line with Bitcoin’s 0.90% gain today. If this trend keeps up the New York trading session could propel the value of ETH higher. advertisement *Ethereum price updated as of 3 PM. Ethereum’s innovative smart contract technology has made it a standout altcoin since its inception in 2015. Continuous major network upgrades ensure Ethereum stays ahead in smart contract innovation. The latest upgrade, Cancun, launched on March 13, 2024. Ethereum Price History The year-to-date (YTD) performance of ETH is 8.17%, after dropping form double digits at the start of the week. As of November 20, 2024, if you invested $10,000 in ETH on January 1, 2024, your portfolio, after 299 days, would be worth nearly $10,817. Regardless of Ethereum’s lackluster performance its market capitalization stands at $374.9 billion. Ethereum Market Cap: The Second-Largest Cryptocurrency Ethereum ranks second in market capitalization, valued at $374.9 billion, after Bitcoin’s $1.85 trillion. Together, they comprise 83% of the crypto market. Since its all-time high of $571 billion in November 2021, Ethereum’s value has decreased by half. However, Ethereum maintains a strong lead over other popular cryptocurrencies: Solana (SOL): $112 billion Ripple (XRP): $63 billion Despite this recent downtick and recovery, the 24-hour trading volume of Ethereum is $30.0 billion. Ethereum Trading Volume The 24-hour trading volume of Ethereum is $30.0 billion. Binance is the largest contributer to this trading volume – about 11% is contributed by spot trading and nearly 40% from futures trading. Exchanges like OKX, Bitget, ByBit follow Binance. Ethereum Blockchain Upgrade to PoS The London hard fork is a significant Ethereum blockchain upgrade. It changed the network from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum co-founder Vitalik Buterin recently shared his thoughts on X (formerly Twitter). He explained how Proof-of-Stake (PoS) is more decentralized than Proof-of-Work (PoW). Ethereum Blockchain Upgrades in The Last 5 Years Here are some of the critical upgrades in the past 5 years that have shaped and kept Ethereum as the second-largest crypto by market capitalization. 2024 Cancun-Deneb (“Dencun”) 2023 Shanghai-Capella (“Shapella”) 2022 Paris (The Merge) Bellatrix Gray Glacier 2021 Arrow Glacier Altair London Berlin 2020 Beacon Chain genesis Staking deposit contract deployed Muir Glacier Influence of ETH Gas on Ethereum Price Ethereum’s upgrade aims to solve the blockchain trilemma: balancing decentralization, security, and scalability. The switch to Proof-of-Stake (PoS) enhanced these aspects. Post-upgrade, Ethereum’s transaction fees (gas fees) plummeted, drawing more investors. Gas fees are like taxes, measured in Gwei, required for secure transactions. As of November 20, the gas fee for a transaction on the ETH network as of 3 PM is 9.825 Gwei. When Ethereum’s on-chain value grows, presenting opportunities, investors flock, driving gas fees up. This typically occurs during market upswings, peaking at all-time highs. Ethereum Price Prediction & Trends Despite crypto’s bullish outlook Ethereum price performance remains lackluster especially when comparing to top altcoins. Perhaps, if Bitcoin price overcomes the $100K hurdle, ETH could trigger a massive rally. Ethereum Price Outlook For Next Week Date Price Change November 20, 2024 $3,135.28 1.64% November 21, 2024 $3,159.36 2.42% November 22, 2024 $3,182.38 3.17% November 23, 2024 $3,219.53 4.37% November 24, 2024 $3,239.38 5.01% Based on CoinGagpe’s Ethereum price predictions, investors can expect ETH to trade around $,216, a slight uptick in the next week. Ethereum Price Forecast Between 2025 & 2029 2025 2026 2027 2028 2029 January $2,562.81 $3,550.21 $3,056.51 26.8% February $2,568.22 $3,732.20 $3,150.21 30.7% March $2,573.63 $3,914.19 $3,243.91 34.5% April $2,579.04 $4,096.18 $3,337.61 38.4% May $2,584.45 $4,278.17 $3,431.31 42.3% June $2,589.86 $4,460.16 $3,525.01 46.2% July $2,595.26 $4,642.15 $3,618.71 50.1% August $2,600.67 $4,824.14 $3,712.41 54% September $2,606.08 $5,006.13 $3,806.11 57.9% October $2,611.49 $5,188.12 $3,899.81 61.8% November $2,616.90 $5,370.11 $3,993.51 65.6% December $2,622.31 $5,552.10 $4,087.21 69.5% All Time $2,592.56 $4,551.16 $3,571.86 48.1% January $2,839.28 $5,537.34 $4,269.53 77.1% February $3,056.26 $5,522.58 $4,451.84 84.6% March $3,273.23 $5,507.83 $4,634.16 92.2% April $3,490.21 $5,493.07 $4,816.47 99.8% May $3,707.18 $5,478.31 $4,998.79 107.3% June $3,924.16 $5,463.55 $5,181.11 114.9% July $4,141.13 $5,448.79 $5,363.42 122.5% August $4,358.10 $5,434.03 $5,545.74 130% September $4,575.08 $5,419.28 $5,728.05 137.6% October $4,792.05 $5,404.52 $5,910.37 145.1% November $5,009.03 $5,389.76 $6,092.68 152.7% December $5,226 $5,375 $6,275 160.3% All Time $4,032.64 $5,456.17 $5,272.26 118.7% January $5,417.25 $5,571.75 $6,513.75 170.2% February $5,608.50 $5,768.50 $6,752.50 180.1% March $5,799.75 $5,965.25 $6,991.25 190% April $5,991 $6,162 $7,230 199.9% May $6,182.25 $6,358.75 $7,468.75 209.8% June $6,373.50 $6,555.50 $7,707.50 219.7% July $6,564.75 $6,752.25 $7,946.25 229.6% August $6,756 $6,949 $8,185 239.5% September $6,947.25 $7,145.75 $8,423.75 249.4% October $7,138.50 $7,342.50 $8,662.50 259.3% November $7,329.75 $7,539.25 $8,901.25 269.2% December $7,521 $7,736 $9,140 279.1% All Time $6,469.13 $6,653.88 $7,826.88 224.6% January $7,771.92 $8,001.25 $9,467.83 292.7% February $8,022.83 $8,266.50 $9,795.67 306.3% March $8,273.75 $8,531.75 $10,123.50 319.9% April $8,524.67 $8,797 $10,451.33 333.5% May $8,775.58 $9,062.25 $10,779.17 347.1% June $9,026.50 $9,327.50 $11,107 360.7% July $9,277.42 $9,592.75 $11,434.83 374.3% August $9,528.33 $9,858 $11,762.67 387.9% September $9,779.25 $10,123.25 $12,090.50 401.5% October $10,030.17 $10,388.50 $12,418.33 415.1% November $10,281.08 $10,653.75 $12,746.17 428.7% December $10,532 $10,919 $13,074 442.3% All Time $9,151.96 $9,460.13 $11,270.92 367.5% January $10,940 $11,331.17 $13,534.75 461.4% February $11,348 $11,743.33 $13,995.50 480.5% March $11,756 $12,155.50 $14,456.25 499.6% April $12,164 $12,567.67 $14,917 518.7% May $12,572 $12,979.83 $15,377.75 537.8% June $12,980 $13,392 $15,838.50 556.9% July $13,388 $13,804.17 $16,299.25 576% August $13,796 $14,216.33 $16,760 595.1% September $14,204 $14,628.50 $17,220.75 614.3% October $14,612 $15,040.67 $17,681.50 633.4% November $15,020 $15,452.83 $18,142.25 652.5% December $15,428 $15,865 $18,603 671.6% All Time $13,184 $13,598.08 $16,068.88 566.5% In a long-term outlook between 2025 and 2029, Ethereum price will end its ongoing slump and kickstart a bull rally. Based on Coingape’s forecasts, Ether prices could hover between $2,500 to $4,672. Ethereum Prices Forecast Between 2030 & 2050 2030 2031 2032 2033 2040 2050 January $16,092.58 $16,559.25 $19,264.08 699% February $16,757.17 $17,253.50 $19,925.17 726.4% March $17,421.75 $17,947.75 $20,586.25 753.8% April $18,086.33 $18,642 $21,247.33 781.3% May

Highlights On-chain data indicates that meme coins like Dogecoin, Shiba Inu, and others, are likely to continue their rally. A recent DOGE price analysis hints at a potential 5100% rally ahead for the meme coin. Shiba Inu exchange outflow noted a massive spike, indicating strong market confidence towards the crypto. Recent on-chain data indicates that the leading meme coins like Dogecoin, Shiba Inu, and others are poised to rally in the coming days, sparking market optimism. IntoTheBlock has recently highlighted a trend, saying that the investors haven’t fully entered the crypto space yet, especially in the meme coins segment, which suggests that these crypto could witness further rallies ahead. Besides, a flurry of other market trends also hints at a potential rally for DOGE and SHIB ahead. Dogecoin & Shiba Inu Likely To Continue Rally The latest rally in the top meme coins indicates that the investors are shifting their focus towards the sector. Notably, Dogecoin has noted monthly gains of nearly 175%, while Shiba Inu records around 33% gains in the same time frame, indicating the positive sentiment hovering in the market. Amid this, leading on-chain analytics platform IntoTheBlock highlights that meme coin activity is still lower than previous peaks, despite rising market caps. In a recent post on X, the platform has witnessed this disparity. Notably, the data indicates that retail investors are yet to fully re-engage with the meme coin market. advertisement Source: IntoTheBlock, X Meanwhile, this divergence, coupled with the recent price surge, suggests that top meme coins like DOGE, SHIB, PEPE, and others, could rally further. As market sentiment continues to improve, retail enthusiasm is expected to drive trading volumes higher. This aligns with IntoTheBlock’s analysis, which views meme coin trends as strong indicators of retail investor activity. Moreover, the growing confidence in the broader cryptocurrency market after Donald Trump’s election win adds fuel to the bullish outlook for these tokens. If retail investors increase their participation, DOGE and SHIB prices may climb to new heights alongside Bitcoin, marking another parabolic run. What’s Next For DOGE & SHIB Prices? Dogecoin’s role as a pioneer in the meme coin space, coupled with Shiba Inu’s ecosystem developments, positions both tokens as favorites for another rally. Analysts believe that the combination of untapped retail interest and growing market confidence could sustain the upward momentum for these top dog-themed meme coins. DOGE Price In a recent X post, Ali Martinez said that Dogecoin whales are on a buying spree, predicting the crypto to hit $2.40 in the coming days. Further fueling sentiments, he indicates that the crypto could hit $18 in the coming days. Source: Ali Martinez, X However, amid the optimism, it appears that the investors are taking a pause. DOGE price today was down nearly 1.5% and traded at $0.3903, while its trading volume soared 6% to $10.91 billion. Despite that, a recent Dogecoin price analysis hints at a potential 5100% rally for the meme coin, sparking market optimism. SHIB Price SHIB price today also followed the same path as DOGE, noting a decline of nearly 3% to $0.00002446, while its trading volume soared 20% to $1.51 billion. However, a recent Shiba Inu price analysis hints at a potential rally for the meme coin to $1 in the coming days. In addition, Martinez in a recent X post said that 1.67 trillion SHIB has been withdrawn from exchanges in the last 24 hours. It indicates a strong market confidence in the crypto. Besides, Martinez cited historical trends, saying that a similar spike in transactions has previously sparked a 62% rally in SHIB price, boosting market optimism. Source: Ali Martinez, X Besides, the Shiba Inu burn rate has also noted a massive spike recently, further bolstering market confidence. Notably, the burning of tokens indicates reduced supply in the market, which in turn could push the assets’ prices higher. Top Crypto Presale Projects For 2024 To Invest; Updated List Best Crypto AI Trading Bots For 2024 Top Meme Coins to Buy Now in 2024 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape

Highlights Cardano whales wallets with $10 million or more in ADA surged 145% over the past month. ADA’s rally coincides with a surge in Cardano’s Total Value Locked (TVL) reaching $479.8 million. The ADA/BTC pair has touched nearly 8-month highs signaling further gains ahead. The Cardano (ADA) price has been outperforming the rest of the crypto market today with more than 12% gains while extending the rally to $0.83. This comes amid a staggering 145% surge in the Cardano whale accumulation over the past month. Over the last week, ADA has gained nearly 54% being among the top-performing altcoins, with investors soon eyeing a rally to the crucial milestone of $1.0. Cardano (ADA) Whale Accumulation Triggers Price Rally? Crypto analyst Ali Martinez pointed out a significant surge in the Cardano whale activity and accumulation. This shows growing confidence in Cardano’s native token ADA. According to Martinez, wallets holding over $10 million worth of ADA have increased their positions by an impressive 145.72% over the past month. Courtesy: Ali Charts advertisement Furthermore, the Cardano blockchain has also witnessed a healthy uptick in decentralized finance (DeFi) activity on the network. Cardano’s Total Value Locked (TVL) has surged to $479.8 million, approaching its all-time high as the blockchain continues to gain traction, as per the data from DeFiLlama. This growth comes amid ADA’s rising price and increased activity across decentralized exchanges (DEXes), lending platforms, and other protocols within the Cardano ecosystem. The momentum underscores the expanding utility and adoption of Cardano’s DeFi infrastructure. This surge in the DeFi activity along with bullish Cardano on-chain metrics shows that the ADA price rally can continue further from here. Is ADA Preparing for a Mega Rally to $6? Blockchain analytics platform Santiment reported that ADA is already decoupling from the altcoin pack with the price approaching an 8-month high. The ADA-to-Bitcoin price ratio is also nearing an 8-month peak, reflecting growing strength against the leading cryptocurrency. Santiment noted that current ADA transaction and whale activity levels were last observed in June, just before a 26% surge in the ADA/BTC pair. As of press time, the ADA price is trading at $0.786 with a market cap of $27.54 billion and daily trading volume surging by 25% to $2.27 billion. Courtesy: Santiment On the other hand, crypto analyst Ali Martinez noted that the Cardano price is showing very similar patterns to the 2020 bull run. Sharing a chart earlier in November, he showed that ADA could be heading for a 2000% rally all the way to $6 while hitting a new ADA all-time high. Martinez wrote: “I believe Cardano is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025”. Courtesy: Ali charts On the other hand, Cardano founder Charles Hoskinson is putting some focus on their partnership with XRP. Hoskinson recently engaged in a technical exchange with Ripple CTO David Schwartz, capturing the blockchain community’s attention. The conversation delved into Midnight, Cardano’s privacy-focused blockchain initiative, and XRP, Ripple’s digital asset, sparking excitement about potential collaborations ahead. Top Crypto Presale Projects For 2024 To Invest; Updated List Best Crypto AI Trading Bots For 2024 Top Meme Coins to Buy Now in 2024 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape

Gary Wang, a former top executive at the now defunct FTX Derivatives Exchange will not face jail term in the trading platforms fraud case. In a rare form of leniency, Judge Lewis Kaplan of the US District Court ruled in Federal Court in Manhattan. Prior to this sentencing hearing, Wang pleaded guilty to his role in the FTX bankruptcy. Despite writing the code that created the backdoor that permitted Sam Bankman-Fried (SBF) steal about $8 billion in customer funds, Judge Kaplan lean on Prosecutors who insisted that Wang did not spend a dime of customers’ money. Also, Ilan Graff, Gary Wang’s lawyer appealed to Judge Kaplan to spare him jail term for his cooperation with prosecutors. This ruling aligns with that of Nishad Singh, another top FTX insider who escaped jail-term in the fraud case. advertisement Top Crypto Presale Projects For 2024 To Invest; Updated List Best Crypto AI Trading Bots For 2024 Top Meme Coins to Buy Now in 2024 [UPDATED] Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.     ​CoinGape

‘ + priceget + ‘Trade Now ‘); } else { jQuery(‘.Atcs p img’).after(”); } document.querySelectorAll(“.faq-item-header”).forEach((accordion) => { accordion.onclick = function() { this.classList.toggle(“faq-active”); jQuery(this).parent(“.accordion-item”).toggleClass(“activebg”); jQuery(this).find(“.faq-item-icon”).toggleClass(“rotateArrowButton”); let content = this.nextElementSibling; if (content.style.maxHeight) { content.style.maxHeight = null; } else { content.style.maxHeight = content.scrollHeight + “px”; } }; });    ​CoinGape