At 9:00 AM, the exchanges saw an unusual move with $300 million worth of stablecoin liquidity flowing in, sparking a sudden rally in the market.

By midday, Bitcoin futures on the CME had made an unprecedented jump, briefly crossing the $100,000 mark, sparking interest from institutional investors and sparking a price rally.

As US traders returned from the Thanksgiving holiday, Bitcoin mining stocks surged significantly, with Bitdeer leading the rally by 15%, boosting momentum in the cryptocurrency market as a whole.

At 4:00 PM, Bitcoin reached $103,000, amid a broad rally in altcoins like XRP and ADA, which saw double-digit gains, creating a wave of confidence that swept the markets.

By evening, with institutional demand increasing and premiums returning strongly on platforms like Coinbase, this jump was cemented as one of the strongest Bitcoin price moves of the month. It will explode.

$BTC #BTC☀️
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Luna Classic (LUNC), a Terra project coin, was originally used to support stablecoins pegged to the US dollar via special algorithms. However, in May 2022, the project faced a major collapse due to a failure in the stability of the UST stablecoin, which caused both coins (LUNA and UST) to lose a significant portion of their value, with LUNA depreciating by more than 99% and becoming a small token【8】【10】.

Reasons for the decline:

1. Algorithmic design failure: The UST stablecoin collapsed due to market pressures and unsustainable design.

2. Mismanagement: The project was heavily criticized for the manipulations of the executive team, led by Do Kwon, which led to a loss of investor confidence【8】.

3. General market pressure: The collapse coincided with declines in the cryptocurrency markets in general, which exacerbated the problem.

Rescue attempts:

Burning mechanism: About 100 billion LUNC coins were burned to reduce the supply and increase its value, supported by community efforts and platforms such as Binance【9】.

Terra 2.0 Launch: A new network has been created with LUNA 2.0 to restore market confidence, leaving the Terra Classic network independent of its community【8】.

Future of the coin:

Challenges: Despite efforts, LUNC is still struggling to regain investor confidence, with the effects of previous flaws still being felt.

Pros: If the burns continue and the network can develop new projects #LUNA✅ ,$LUNC

Dogecoin (DOGE) is very popular thanks to the support of influential figures like Elon Musk and its increasing use in micropayments. It is currently priced at $0.12, with a promising outlook based on the media hype and continued adoption. Despite the volatility, the coin could benefit from a new bull run as the end of 2024 approaches. I see the price exceeding $0.70 if the positive momentum continues and new investors enter the market. However, investing in it remains risky due to its reliance on social trends and speculation.

$DOGE #DOGE:

Is Shiba Inu a surprise at the end of 2024?

Shiba Inu, the cryptocurrency that has long been associated with memes and media hype, is making a strong comeback with controversial statements from its lead developer, Chitoshi Kusama.

Kusama recently said:

> “We are at a critical moment. Don’t be fooled by shadowy cat tricks, and rely only on official channels. We have huge plans that include government partnerships and major technical upgrades.”

One of the most notable announcements was the launch of the “Treat” governance token, which will give users real power in determining Shiba’s future. Additionally, Kusama pointed to ambitious projects such as developing games across Web3 platforms and global partnerships that could completely change the face of the cryptocurrency.

Currently, Shiba Inu is priced at $0.000042, and by the end of 2024, some analysts are predicting a significant rise that could wipe out all its zeros. Will this be a turning point for Shiba?

Questions for followers:

1. What do you think of Kusama's recent statements? Do you think Shiba can deliver on these promises?

2. Do you think Shiba will actually be able to erase zeros? What price do you expect by the end of 2024?

3. If you own Shiba now, will you keep it or sell it soon? And why?

Share your thoughts with us, and let's get ready together to follow the developments of this exciting currency! 🚀

And don't forget to support us $SHIB #SHIB،