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Algorand (ALGO) has captured the spotlight in the cryptocurrency market, trading at $0.44 after a dramatic one-day gain of 17% and an impressive 47% rise over the past week. The token has surged above its yearly high of $0.32, established in March, reaching levels unseen since November 2022. With on-chain metrics signaling bullish momentum, ALGO has captured the attention of traders and investors who are speculating on its year-end price trajectory. ALGO seven-day price chart. Source: Finbold ALGO breaks key resistance levels  ALGO’s current rally has propelled it beyond a long-term horizontal resistance area, cementing a new yearly high. This bullish move aligns with a broader market recovery and has been fueled by strong fundamentals within the Algorand ecosystem. Picks for you Here’s why the space race will create more billi...

The Cardano price has soared 9% in the last 24 hours to trade at $1.06 as of 7:05 a.m. EST on a 10% drop in trading volume to $2.1 billion. Cardano Price Continues The Uptrend Within The Bullish Channel The ADA/USD pair is in a strong uptrend, trading at $1.06363. The price has moved within a well-defined ascending channel, highlighting consistent bullish momentum. A previous high of $1.33226 serves as a key resistance level, while immediate support is provided by the 50-period Moving Average (SMA) at $0.9819. The 200-period SMA, positioned at $0.6193, is a long-term support, confirming the overall bullish sentiment. Earlier in the chart, the price was consolidated around $0.75, establishing a base for the subsequent uptrend. This was followed by a parabolic curve, indicating a surge in buying pressure. Recently, the price rebounded from the lower boundary of the bullish channel, maintaining its upward trajectory. ADAUSD Analysis Source: Dextools.io The 50-period Simple Mov...

A top analyst who accurately called the end of the 2022 crypto bull market thinks Ethereum (ETH) is poised to rally in both its Bitcoin (ETH/BTC) and US dollar pairs. Pseudonymous analyst Pentoshi tells his 826,200 followers on the social media platform X that ETH/BTC looks good after respecting its support at 0.30 BTC. According to the crypto strategist, ETH/BTC may bounce to as high as 0.4597 BTC. “Very promising start. Let’s see if we can get to the target.”  Source: Pentoshi/X At time of writing, ETH/BTC is trading for 0.0373 BTC worth $3,563. As for Ethereum against the dollar, Pentoshi thinks it is within the realm of possibility for ETH to surge above $4,000. “No reason this doesn’t challenge this year’s highs, or higher in my opinion. Which likely has confluence with the ETH/BTC target posted.” Source: Pentoshi/X He also thinks that the rally will be driven by investors allocating hundreds of millions of do...

The Potential of Crypto to Replace Fiat Money! Cryptocurrencies once considered a niche technology, have rapidly evolved to challenge the dominance of fiat money in global finance. With Bitcoin leading the charge, digital currencies are no longer just a speculative asset—they are a potential replacement for traditional forms of money. But what makes cryptocurrencies a viable alternative, and how close are we to seeing this transition? Advantages of Cryptocurrency Over Fiat Decentralization Unlike fiat currencies controlled by central banks, cryptocurrencies operate on decentralized blockchain networks. This reduces the risk of inflation caused by excessive money printing and removes reliance on centralized authorities. Transparency and Security Blockchain technology ensures transparent and immutable records, making fraudulent activities significantly harder. This level of security is not possible with traditional fiat systems. Global Accessibility Cryptocurrencies are borderless by...

Binance, the largest cryptocurrency platform, has announced Binance PayDay, a promotional event meant to encourage crypto usage during the holiday shopping season, as reported to Finbold on Thursday, November 28.  PayDay runs from November 28 to December 12, 2024, and Features $200,000 in PEPE cashback rewards. Binance PayDay promotions The initiative Features two promotions designed to encourage crypto purchases.  Picks for you Ethereum price approaching ‘trouble area’, crash below $3,000 imminent? 2 hours ago Is this time different? Expert explains why altcoins are underperforming 19 hours ago SUI prepares for its largest...

VeChain (VET) has faced a 0.5% correction in the last 24 hours. The dip follows Bitcoin’s (BTC) recent dip to sub-$93,000 levels. Despite the correction, VET has maintained some gains in the other time frames. The asset is up by 24.1% in the weekly charts, 62.9% in the 14-day charts, and 89.3% over the previous month. VET’s price has also risen by 85.8% since late November 2023. Also Read: Ripple: Will XRP Hit $2 In December 2024? Source: CoinGecko Why Is The Market Dipping? The latest market correction is likely due to increased volatility over the last weekend. BTC hit an all-time high of $99,645.39 on Nov. 22, 2024. Investors and market participants may have decided to book profits as the original crypto inched closer to the $100,000 mark. Also Read: Walmart Stock a Buy at ATH: Can WMT Build on 72% Surge? VeChain (VET) and other assets follow BTC’s trajectory, leading to a market-wide dip. BTC has recovered the $93,000 mark earlier today. If the asset begins an ascent, we may witnes...

Users of the decentralized betting platform Polymarket believe Popcat (POPCAT), Mog Coin (MOG) and Moo Deng (MOODENG) will be the next cryptos to list on Coinbase and Binance, but they may have overlooked two other dark horse candidates that are having roaring early-stage success. Mog Coin currently holds the lead in the Polymarket contract asking which coin will be next to list on Coinbase, with a 25% chance of winning a coveted listing on the biggest US crypto exchange. Popcat comes in second with an 18% chance, and Goatseus Maximus (GOAT) is third at 13%. Meanwhile, Popcat and MOODENG are joint favorites to win the next Binance listing, with odds standing at 10%. GOAT comes in third with odds of 5%, and MOG fourth with odds of 4% to be the next in line to list on the world’s biggest crypto exchange. Other top meme coins to feature in Polymarket betting odds on the next listings on major exchanges include Peanut the Squirrel (PNUT), NEIRO, and FWOG. Might These Two Meme Coi...

Today, three coins are standing out and creating headlines in the Solana ecosystem: Rizzmas, Fwog, and Purple Pepe. Solana’s speed, low transaction fees, and eco-friendly operations provide the perfect platform for these projects to thrive. Their rapid growth highlights the potential of the Solana network to support creative and lucrative projects that resonate with both investors and meme lovers alike. Top Trending Cryptos on Solana Chain Today From staking rewards to NFT integrations, these projects go beyond the meme to offer practical value and unique use cases. Rizzmas excels in bringing a festive theme to crypto, backed by dynamic campaigns that keep the community engaged throughout the year. Fwog’s double staking program and community-focused ecosystem have made it a top contender in the Solana network. Meanwhile, Purple Pepe is redefining the meme space by integrating NFTs and cross-chain compatibility. The combination of meme culture, blockchain utility, and comm...

From 2023 to 2024, the memecoin season marked a period of higher market interest in these primarily speculative assets. This, however, could be ending now that market participants are gradually shifting their focus to utility projects using blockchain. In particular, Binance founder Changpeng Zhao (CZ) posted on X this Tuesday, urging people to “build real applications using blockchain.” According to his post, CZ is “not against memes” but acknowledges that “meme coins are getting ‘a little’ weird now.” The post has received nearly 10,000 comments and over 34,000 likes by writing time, with experts mostly agreeing. Income Shark , for example, claimed, “They went from being fun, then being funny, to being extremely weird and desperate.” Picks for you Here’s why gold may not make a new high, as expected 14 mins a...

Prominent asset manager and exchange-traded fund issuer Wisdom Tree is reportedly filing for an XRP ETF product. According to Eleanor Terret of Fox News, $100 billion asset manager Wisdom Tree has registered for an XRP ETF in the state of Delaware. “NEW: Global ETF provider WisdomTreeFunds has registered in the state of Delaware for an XRP ETF. I have confirmed with the company this is a legitimate filing. Wisdom Tree has over $100 billion in assets under management.” Source: Eleanor Terret/X Earlier this month, asset manager 21Shares also filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC). The proposed product, called “the 21Shares Core XRP Trust,” aims to be a passive investment vehicle that tracks the price of the payments-focused crypto asset. 21Shares and Wisdom Tree aren’t the first firms to try and get XRP products off the ground. Bitwise Asset Management, the largest digital asset index fund mana...

Ripple’s XRP has been on a rollercoaster ride over the past couple of years. With increased scrutiny from regulators and backlash from the cryptocurrency market, the altcoin has seen it all. But XRP seems to be turning over a new chapter. Last week in particular has been abundant for the altcoin market. After breaching the $1 zone, the asset could be prepping to $2. But will it reach this level on time? Also Read: Shiba Inu: AI Predicts SHIB Price for November 30, 2024 Looking Into XRP’s Trajectory Throughout the past week, XRP has surged by over 25%. The asset went from trading at a low of $1.09 to a high of $1.62. This further restored hope in the market. But the asset encountered a massive correction as it dipped 10% on Sunday. At press time, the altcoin was finding its path to recovery as it surged by 1% over the past 24 hours. In addition, it was trading at $1.47. Source It should be noted that over the weekend, Ripple Chief Legal Officer Stuart Alderoty declared a sign...

With Bitcoin (BTC) seemingly struggling to breach the $100,000 resistance, technical indicators point to a possible incoming correction. Indeed, there was general market euphoria after Bitcoin hit a new record high above $99,000. The markets were waiting for the asset to clinch the six-figure valuation, supported by strong fundamentals such as sustained buying pressure and post-election optimism.  Now, Bitcoin is presenting a sell signal based on the TD Sequential indicator on the 12-hour chart, suggesting the asset faces the risk of plunging below the $90,000 mark, according to Analysis shared by Ali Martinez on November 23. Picks for you Gold supply dilution ahead as China uncovers an $87 billion reserve – What’s next? 2 hours ago C...

The Stellar price surged 50% in the last 24 hours to trade at $1.4026 as of 08:50 p.m. EST on trading volume that skyrocketed 189% to $6.3 billion. Stellar Price Indicators Show A Sustained Bullish Rally Since mid-November, the Stellar price has been on a sustained bullish rally, as it has been trading within the rising channel pattern. The $0.23 support within the channel allowed the price of Stellar to soar through a parabolic rise, signaling a sustained bullish trend, according to data from GeckoTerminal .  The sustained surge has driven the price of Stellar to trade well above both the 50-day and 200-day Simple Moving Averages (SMAs), which could also indicate a stronger bullish trend. RSI is in the extreme overbought zone, currently at 88. While this suggests strong buying pressure, it also signals a potential risk of a short-term pullback or consolidation as prices may cool off after such a sharp rally. Overbought conditions often occur in strong trends but are not necess...