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The Algorand price has soared 43% in the last 24 hours to trade at $0.4243 as of 9:35 a.m. EST on a 308% pump in trading volume to $2.1 billion. This price surge has positioned ALGO as the top-performing cryptocurrency among the top 100 by market capitalization, according to CoinGecko data. Algorand Price Rebounds On The Parabolic Curve The ALGO/USD trading pair displays a strong bullish trend, with the current price trading at $0.4238, reflecting a minor pullback of -1.13% following an explosive rally. This rally has been supported by strong technical indicators, including the price trading well above the 50-period moving average (SMA) at $0.2981 and the 200-period MA at $0.1849. These levels indicate both short-term and long-term bullish sentiment, which is further reinforced by a Golden Cross that occurred earlier in the trend. The Golden Cross, a bullish signal that occurs when the 50-MA crosses above the 200-MA, marked the beginning of significant upward momentum in ALGO. ...

As Bitcoin (BTC) hovers near the $100,000 mark, on-chain data indicates increased demand for the pioneer cryptocurrency, a move likely to act as a catalyst for achieving the six-figure valuation. Particularly, open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached record-breaking levels, exceeding 40,000 contracts for the first time in history, according to data by Bloomberg shared by financial commentary platform The Kobeissi Letter in an X post on November 29. CME Bitcoin futures open interest. Source: Bloomberg Since the start of 2024, the total number of outstanding contracts for Bitcoin futures has doubled.  Picks for you What is happening to BRL as the Brazilian Real collapses against the US Dollar 25 mins ago ...

Russia has been doubling down on its interest in cryptocurrencies like Bitcoin (BTC). According to recent reports, digital currencies are now formally recognized as a type of property in international trade settlements. This falls under a new law that has now been approved by Russian President Vladimir Putin. The President has jumped into the scene by embracing cryptocurrency for trade. This is being carried out under an experimental legal regime (ELR). JUST IN: Russian President Putin signs law recognizing #Bitcoin and crypto as property. — Watcher.Guru (@WatcherGuru) November 29, 2024 Also Read: Indonesia’s Crypto Transactions Surge 350% in Just One Year Russia’s Brand New Law Focuses On Mining The laws exclude cryptocurrency sales and mining from value-added tax (VAT). Without the tax burden that usually comes with traditional financial transactions, this exemption could push people and businesses to interact with cryptocurrencies more freely. Cryptocurrency miners...

The Rise of Web3: Cryptocurrency’s Role in a Decentralized Internet!  The internet as we know it has undergone significant transformations since its inception, from the static pages of Web1 to the interactive and centralized platforms of Web2. Now, the emergence of Web3 promises a decentralized, user-centric Internet where control and ownership are distributed rather than consolidated. At the heart of this revolution lies cryptocurrency, playing a pivotal role in enabling the Web3 ecosystem. What is Web3? Web3 refers to the next generation of the internet built on blockchain technology. Unlike Web2, where large corporations control data and platforms, Web3 decentralizes power, giving users ownership of their digital identities, assets, and interactions. This decentralized approach is made possible through blockchain networks, smart contracts, and cryptocurrency. Cryptocurrency: The Backbone of Web3 Cryptocurrencies are integral to Web3, serving multiple functions that empower decentral...

The cryptocurrency market has reached an outstanding value of $3.38 trillion in 2024, marking a record-breaking year for digital assets. Bitcoin continues to set new price milestones, maintaining its position as a leader in the market. At the same time, altcoins are also gaining attention, adding fresh interest to the crypto market. This growth suggests that future investment opportunities may come from a mix of established cryptocurrencies and newer projects with high potential. As such, this article analyzes the best cryptocurrencies to invest in right now , which could provide opportunities for long-term gains across different market cycles. Best Cryptocurrencies to Invest in Right Now Helium is valued at $6.42, reflecting a 9.8% increase in the past 24 hours and an impressive 157% gain over the year. Meanwhile, Jupiter has announced plans to host two more events as part of its “Jupuary” campaign. In the same period, the XDC token is priced at $0.05625, showing a 33.8...

Dogecoin (DOGE) is one of the most successful cryptocurrency projects in the market. The original memecoin has come a long way in its over a decade-long history. Early investors of DOGE have made millions of dollars in profit over the last few years. Also Read: Buy Jio Financial Shares: Target 342 With a Profit of 5%, Say Analysts DOGE has also garnered the affection of the world’s richest person, Elon Musk. Musk has never shied away from supporting the memecoin. The tech billionaire has stated that he loves the non-serious nature of the coin. Musk has also enabled DOGE payments for many of his ventures, such as Tesla merchandise. $1500 In Dogecoin Becomes $1.57 Million Today If you invested $1500 in DOGE in 2013, the investment would have grown to $1.57 million today. The rise in value translates to a growth of about 104,892.07%. Source: Changelly Also Read: Shiba Inu: AI Predicts SHIB’s Price for December 1, 2024 Dogecoin (DOGE) hit an all-time high of $0.7316 on May 8, 2021. If...

While Just a chill guy token ($CHILLGUY) is up 10.3% today, the low-cap Catslap ($SLAP) meme coin, released just six days ago, offers better risk-reward potential and has soared 51%. CHILLGUY has a lot going for it as the most recent breakout meme coin, but its lightning success, which has taken it to a $621 million market capitalization, and the legal disputes with the creator of the original graphic image could prove to be roadblocks on its hoped-for road to a $1 billion valuation. On the other hand, Catslap, built around the viral narrative of the slapping cat with its very own Slapometer, is on a market cap of only $29 million, with plenty more upside to come. At the time of writing $SLAP is trending in the DexTools hot pairs ticker. $SLAP might remind keen meme coin watchers of Popcat, the most valuable cat-themed coin, where you click to pop as opposed to click to slap with Catslap. But Catslaps takes things an important step further – its Slapometer ...

The cryptocurrency market is facing a correction at the moment. The dip follows Bitcoin’s (BTC) decline to just below $93,000. The global crypto market cap has dipped 2.9% in the last 24 hours to $3.35 trillion. Shiba Inu (SHIB) follows the market trend, facing a 2.3% correction in the daily charts and a 0.9% correction in the 14-day charts. Also Read: Amazon Stock (AMZN) Climbs 3%: Why is Amazon Up Today? Despite the dip, SHIB continues to maintain some gains in the other time frames. The asset is up 1.7% in the weekly charts, 44.49% in the monthly charts, and 198.4% since late November 2023. Source: CoinGecko Why Is The Crypto Market Down? The current market dip could be due to increased volatility as Bitcoin (BTC) hit a new all-time high of $99,645.39 on Nov. 22, 2024. Market participants may have booked profits as the original crypto inched closer to the $100,000 mark. Also Read: Ethereum Price Breakout Imminent – Here’s What it Means for Altcoin Season According to Columbia B...

The Indian rupee has finally broken out of its dry spell and has regained strength against the US dollar. The rupee has noted a slight price uptick as compared to the US dollar, helping the Indian currency note a higher price pedestal in the last 5 months. Also Read: Crypto Chaos: PNUT Token Owner Sparks Lawsuit Against the Community US Dollar vs. Indian Rupee: What Is Happening? Source: iStock The Indian rupee has finally broken its consistent slump against the US dollar. The INR rose by 17 paise, opening at 84.37 and closing at 84.46 in earlier trading sessions. At the same time, the bond yields also opened at 6.8268% from 6.8710% in earlier sessions as well. The surge noted in INR was primarily sparked by the massive election win that brought the Bharatiya Janata Party-led alliance, the mainstream Indian political regime, and its collaborators to win the majority of seats in the Indian state of Maharashtra in ongoing elections. The BJP-led alliance, touted as the “Mahayuti alliance,...

The much beleaguered cryptocurrency token World Liberty Financial (WLFI), which regularly lies about its token and also was endorsed by financial fraudster Donald Trump, has found a new supporter in Justin Sun. Sun announced that he has now purchased more of the token than anyone else and more than was supposed to be available. Sun took to X (formerly Twitter) to announce that he had decided to “invest $30 million in World Liberty Financial.” The 2 billion WLFI tokens he purchased were sent to 0x5AB26169051d0D96217949ADb91E86e51a5FDA74, an address that was funded earlier today from Sun-advised HTX. Strangely, the World Liberty Financial team had previously indicated in SEC filings that it intended to only sell a total of $30 million worth of this token, noting in a SEC filing that “the company currently only plans to sell tokens up to $30M in the offering before terminating sales.” It is not clear why it has decided to change this plan. We are thril...

Base Chain is a rising star in the blockchain ecosystem and has become a hotbed for innovation, attracting projects that deliver both utility and market excitement. Among the most talked about cryptocurrencies on Base Chain are Crash Token, This Is My Iguana, and Basenji. These tokens are not just riding the crypto wave, they’re leading it, each with unique Features and growing investor interest. Most Trending Cryptocurrency on Base Chain Now Base Chain provides a scalable, secure, and efficient platform, boosting the potential of these projects. Crash Token is redefining the gaming industry, focusing on play-to-earn mechanics and seamless in-game transactions. This Is My Iguana is a token that unites blockchain innovation with environmental impact and is designed to support wildlife conservation and sustainable initiatives. Meanwhile, Basenji is making waves as a utility-driven token focused on speed, transparency, and real-world payments. Stay ahead of the curve and explore t...