Peanut the Squirrel (PNUT), a memecoin on the Solana blockchain, has surged nearly 200% in 24 hours, peaking at $2.40 and stabilizing at $2.23 on November 14. Its market cap reached $1.8 billion, placing PNUT in the top 50 cryptocurrencies. The main reason was Elon Musk's tweet: "America was saved by a squirrel and a meme coin!", combined with the viral effect of the touching origin story of PNUT. Trading volume skyrocketed to $5.75 billion, making PNUT the third largest memecoin on Solana. Analysts are optimistic, predicting that PNUT could rise another 300% if it breaks through its current resistance ($2.30), with the possibility of reaching $6 if the rally continues.
Trump Could Remove Barriers to Circle and Kraken Going Public: ARK Invest
ARK Invest’s Cathie Wood believes that the new Donald Trump administration could facilitate the public listing of crypto companies like Circle and Kraken. In a recent newsletter, ARK Invest noted that the change in leadership, especially with the possibility of a new chairman of the Securities and Exchange Commission (SEC), could spur a wave of IPOs in the crypto industry.
$SOL is showing exceptional stability today, gaining significant momentum after confirming strong support at $113. This upward move suggests that the asset could reach its target of $262 much sooner than expected. However, its continued progress largely depends on Bitcoin’s favorable trajectory in the broader market.
$BLUR has established strong support around $0.16 and the uptrend continues as it heads towards the next major target at $0.46. However, if momentum weakens, $0.10 will act as an important fallback support, with Bitcoin volatility likely to influence the move. The previous rally resulted in a 530% gain.
Bitcoin Shrimp Are Buying Into Historic Rally As Whales Sell Again
Data from Bitcoin’s blockchain shows that small addresses continue to accumulate BTC, while whales adopt a “sell when the price goes up” strategy. BTC, the largest cryptocurrency by market capitalization, nearly touched $90,000 on Tuesday morning, and is currently trading around $87,400, up 27% in just the past week. According to the analysis, the recent buying momentum has been driven largely by the Nasdaq-listed Coinbase exchange, which is typically representative of U.S.-based financial institutions. However, detailed data shows that small addresses – often referred to as “shrimps” – are actively increasing their BTC holdings to benefit from the rally.
If you had invested $1,000 in Solana (SOL) in April 2020—This is what would happen
If you had invested $1,000 in Solana (SOL) in April 2020—This is what would happen Imagine you invested $1,000 in Solana in April 2020. Here is a closer look at how that investment has grown over time and weathered market corrections: ---
### 2020 April: At the beginning of your investment journey, Solana was trading at $0.50. With your $1,000, you could have bought about 2,000 SOL tokens.
Greg Cipolaro, head of global research at New York Digital Investment Group (NYDIG), a financial services company focused on Bitcoin, believes that after the overwhelming victory of Donald Trump and the Republican Party in the 2024 U.S. elections, investors have no reason to avoid owning Bitcoin. According to him, with Bitcoin products easily accessible and tightly regulated like ETFs, Bitcoin is becoming an important asset politically. Cipolaro commented that ignoring Bitcoin today could lead to financial losses in the future. NYDIG, a subsidiary of Stone Ridge Holdings Group, specializes in providing financial services for Bitcoin, such as custody services,... Cipolaro's view aligns with the consensus within the blockchain and crypto industry following the election, seen as a positive signal for this field, as Bitcoin's price has increased by about 17% in the past week. Additionally, analysts at JPMorgan believe that both Bitcoin and gold will benefit from the election results. Bitcoin is further bolstered by MicroStrategy's plan to raise $42 billion to purchase more BTC. BitGet Research suggests that hedge funds will enter the market out of fear of missing the opportunity and will contribute to pushing prices higher. Bernstein analysts predict that Bitcoin's price will reach $90,000 this year and $250,000 by 2025.
$DEXE is showcasing its potential for price increase today after successfully breaking through the $6.00 barrier! The path to the $14.20 target remains open, with Bitcoin and the larger cryptocurrency market providing a bullish outlook for continued growth and potential rewards for traders! We have tracked a 610% increase in the previous rally.
$AUCTION has found strong support at the $11 level, with momentum towards a target of $25 beginning. Trading volume is increasing, driven by Bitcoin's positive momentum, which could bring significant opportunities in this rapidly changing market. Previously, we noted a 430% growth on it.
$API3 has significant growth potential, supported by excellent fundamentals at $1.13. With increasing market volume, the target of $2.62 seems within reach, especially if the trend of $BTC positively adds to its upward momentum. In previous cases, we have witnessed a 240% increase.
$SFP is showing remarkable strength today, maintaining support at $0.58. If it continues the upward trend, the next target will be $1.64. However, if the momentum weakens, the level of $0.53 will provide important support, with the current upward trend of Bitcoin being the key factor to guide in this scenario. The previous rally delivered a profit of 90%.
Donald Trump's victory in 2016 was a significant turning point in American politics. Running as an outsider, he challenged the establishment, attracting a blend of working-class voters, and brought a new populist energy to the race. With campaign promises focused on "America First" policies, he targeted trade, immigration, and a stance against perceived government corruption.
$BLUR is showing strength today after establishing solid support at $0.16. As it continues to rise, the next key milestone is set at $0.46. However, if the upward momentum decreases, the level of $0.10 will serve as backup support, particularly affected by Bitcoin's movements. The previous bullish rally yielded a profit of 530%.
$OMNI is showing strong growth momentum, having established a solid support level around $6. This positions the asset favorably for a promising price target of $15.50, attracting increasing interest from investors as positive momentum builds. Keep an eye on this asset for potential growth opportunities! Our tracking shows a 120% increase in the recent price surge.
$PORK is quickly attracting attention, with the strength of Bitcoin providing the potential to reduce some of its price. As $PEPE and $BONK lead the way, the increased trading volume could push this memecoin higher, offering profit potential for investors. In previous instances, we recorded an increase of 730%.
Trump's chances of winning the 2024 presidential election: A shift in the landscape
🔶 As the 2024 presidential election approaches, recent polling data has shown a significant decline in Donald Trump's chances of winning, currently at 61.9%. This shift is important in a landscape that has been dynamic and often unpredictable. Analyzing the factors contributing to this change may provide insights into the potential trajectory of the upcoming election.
With a price of $7.30, $OMNI has established a strong support level and is showing strong bullish momentum. As the bullish momentum increases, this positions the asset favorably for a price target of $15.50, attracting increasing attention from investors. Our tracking indicates a 120% increase in the recent rally.
Vitalik Buterin: The Ethereum community does not need to 'justify the shortcomings of the present'
When building the future, Vitalik Buterin responded to criticisms regarding the user experience on Ethereum's layer 2s, often seen as fragmented and complex. He emphasized that 'Ethereum users should not feel the need to justify the current shortcomings' while building for the future. On Monday, Camila Russo, founder of the DeFi media platform The Defiant, shared on social media X that although she loves Ethereum and the network's community, there needs to be a stop to downplaying the terrible experiences on layer 2. 'If you are a long-time cryptocurrency user, this is really bad. It's not just difficult but also painful. And if you are new, it's hard to accept. It's simply unusable,' Russo said. Transactions on Ethereum now often require users to move through multiple different layer 2s, such as minting NFTs on one chain, participating in airdrop farming on another chain, and receiving stablecoins from different chains. Russo argued that merely using one chain or multiple chains within the same ecosystem is not enough, as seamless interoperability between all layer 2s and the mainnet is crucial for ensuring usability. Despite technical solutions like abstract accounts, they have not been widely implemented by wallets and protocols, leading to limitations in improving the user experience. 'Improving the Ethereum user experience requires collaboration across the entire ecosystem. This is already difficult, but it will become impossible if people continually convince themselves that: 'It's not that bad.' But the reality is that it really is bad,' Russo emphasized. On Tuesday morning, Buterin responded that feeling the need to justify current shortcomings is a natural reaction when people feel 'helpless' in building the future. 'We are building the future,' he emphasized, also referencing his earlier post on a potential roadmap for interoperability between layer 2s. Improvements aimed at enhancing interoperability between layer 2s seek to make the Ethereum ecosystem more cohesive by reducing dependence on centralized factors and simplifying transactions between chains. Proposed solutions include standardizing addresses, payment requests, and storage wallets, facilitating asset movement between layer 2s more easily and reducing gas costs. To achieve simpler interoperability between layer 2s, cooperation between technical teams and the community is needed to establish consistent standards, thus creating a seamless experience for both layer 1 and layer 2 of Ethereum. 'If we are truly serious about layer 2 being part of Ethereum, we need to make the layer 2 ecosystem feel like using a unified Ethereum ecosystem,' Buterin emphasized.
$1INCH has successfully broken through the important resistance level of $0.21, supported by strong trading volume indicating increasing investor interest. If Bitcoin and the cryptocurrency market in general maintain their upward trajectory, the next target is likely to be around $0.48. So far, we have recorded a 230% increase.
Bitcoin is preparing for a "big move" as Bollinger Bands reach new tightness
Bitcoin is poised for a significant price volatility opportunity, as the Bollinger Bands are at their tightest levels in history. This phenomenon, commonly referred to as a "Bollinger Squeeze," indicates a period of low volatility that could lead to notable breakouts. Bollinger Bands are used to assess price volatility and identify trends. Technical analyst Tony Severino highlighted in a recent post that Bitcoin's Bollinger Bands are currently at "one of the three tightest cases in history" on the two-week timeframe. "History shows that tight periods like the current one often lead to significant price volatility for Bitcoin."
He pointed out that a similar pattern occurred in April 2016, when Bollinger Bands tightened significantly for the first time. Following this period, Bitcoin's price began to surge in the subsequent months, marking the start of a bullish trend. Another important example is in July 2023, when Bollinger Bands also tightened significantly. Just like in April 2016, this pattern occurred before a major price increase. While tight Bollinger Bands indicate the potential for significant volatility, the direction of that volatility cannot be predicted. The outcome could be a strong upward trend or a severe price drop. For instance, Bitcoin's price fell sharply after a similar pattern in 2018. Historical data shows that Bitcoin has increased in price after seven out of nine instances of Bollinger Bands tightening.