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Widely followed crypto trader Rekt Capital says that Ethereum (ETH) rival Avalanche (AVAX) is positioning itself for another big rally to new price targets. Rekt Capital tells his 514,000 followers on the social media platform X that AVAX has turned the $38.57 level from resistance to new support that could send it rallying to a price area last witnessed in March of this year. “ Avalanche has officially doubled since successfully retesting the Macro Downtrend as support. Holding the light blue level ($38.57) as support going into December could enable a move into ~$60 over time.” Source: Rekt Capital/X At time of writing, AVAX is trading at $42.90 and is up over 70% in this month. The trader also has his radar on Dogecoin (DOGE), which has printed over 200% rallies in the last few weeks. According to Rekt Capital, DOGE is destined for more upward continuation, and any potential drops below $0.40 would be opportunities for bulls to form positions. ...

BRICS is challenging the dominance of the US dollar by spreading the de-dollarization agenda across the globe. The bloc is pushing local currencies for trade and convincing other developing countries to sideline the US dollar. Using local currencies will strengthen their native economies and give them a boost in the forex markets. Amid the BRICS de-dollarization initiative, leading investment bank Morgan Stanley has predicted the future of the US dollar. Also Read: BRICS: Demand For the US Dollar Rises in Foreign Banks Read here to know the sectors in the US that will be affected if BRICS ditches the dollar for trade. The move will make the US dollar lose out on the global supply and demand dynamics and push it into the path of decline. If the US fails to import the dollar, inflation could hit the homeland leading to higher prices for basic necessities. Also Read: BRICS Countries Gain Influence Over G20 BRICS: Morgan Stanley Reveals How the US Dollar Will Survive the Challenges Source:...

Cboe is set to launch the first cash-settled index options product for spot Bitcoin ETFs. The options are based on the new Cboe Bitcoin U.S. ETF Index, designed to reflect the performance of spot Bitcoin ETFs listed on U.S. exchanges. The options will launch on December 2, 2024, exclusively listed and traded on the Cboe Options Exchange. JUST IN: CBOE to launch first cash-settled index options product for spot #Bitcoin ETFs. — Watcher.Guru (@WatcherGuru) November 22, 2024 According to Cboe’s press release , this modified market cap-weighted index is designed to track the performance of a basket of spot Bitcoin ETFs listed in the U.S. Moreover, it is designed to correlate to the price of spot Bitcoin, making it a representative measure of the asset. These index options will be cash-settled. This means positions are closed in cash at expiration, removing the complexities of physically delivering Bitcoin ETFs. “Our new suite of options on the Cboe Bitcoin U.S. ETF Index o...

The Solana price surged 8% in the past 24 hours to trade at $240.47 as of 11:40 a.m. EST on trading volume that surged 53% to $10.9 billion. This comes as SOL hit a new ATH of $264.31 on Coinbase. The momentum behind the asset has been driven by filings this week from Bitwise, VanEck, 21Shares and Canary Capital to issue spot Solana ETFs (exchange-traded funds). Solana’s popularity has also been driven by a new outbreak of meme coin mania that promises revenue growth for its Pump.fun meme coin launching platform Solana Price Aims For A Sustained Rally The Solana price has been in an uptrend since October, after the bulls took control of the asset around the $160 support zone, according to data from GeckoTerminal . The momentum picked up in November, with the price soaring even higher, registering higher highs and higher lows, forming a rising channel pattern. XRP has remained above both the 50-day and 200-day Simple Moving Averages (SMAs) as a result of the uptrend. The Rel...

The price of XRP is soaring as it is poised to climb for the third week in a row. This was surprising as most assets in the market were dipping. But Ripple’s XRP has risen beyond the critical resistance level at $1. This further increases the likelihood that it will reach its highest point of the year, $1.98. But the real question is if the altcoin will continue this hot streak and reach a high of $2 or even $3 anytime soon. Also Read: De-Dollarization Rises: 10 ASEAN Nations That May Dump The US Dollar XRP Stays Still At $1.11 Ripple’s cryptocurrency seemed to having a tough time maintaining itself beyond the $1.11 mark. Over the past seven days, XRP surged by a staggering 56% followed by a monthly gain of 108%. Earlier today, the asset surged all the way to a high of $1.15. AT press time, XRP was priced at $1.12. Source XRP hit an all-time high of $3.84 about seven years ago. Currently, the altcoin is 71% below this peak. Since the altcoin has managed to retain itself over...

Donald Trump’s team is considering a new White House crypto role. The role would be the first dedicated cryptocurrency policy position in the White House. The plan aims to improve cryptocurrency regulation and create a strong blockchain policy. Under Trump’s crypto stance, this could make the U.S. the world leader in digital assets. Source: Reuters Also Read: 3 Commodities To Invest in 2025 For Top Returns How Trump’s Crypto Role Could Shape Blockchain Policy & Regulation in the U.S. Source: CryptoBriefing Streamlining Federal Oversight Source: Watcher Guru The White House’s crypto role would be to manage cryptocurrency policies between federal agencies like the SEC and CFTC. A team would work in this position. They would help Congress, regulators, and the White House work together. This approach to blockchain policy would make regulations clearer for everyone. Industry Leaders Rally Behind Initiative Crypto leaders have met with Trump at Mar-a-Lago to discuss th...

Michael Saylor’s MicroStrategy (MSTR) is the most traded stock in the United States today, surpassing $18.6B in trading activity today. It is currently besting Elon Musk’s Tesla (TSLA) and chip developer Nvidia (NVDA) in activity today. No stock has bested either NVDA or TSLA in daily trading for some time. However, MicroStrategy’s recent moves on Bitcoin are igniting a fire under investors Wednesday. JUST IN: Michael Saylor's MicroStrategy $MSTR is the most traded stock in the US today. — Watcher.Guru (@WatcherGuru) November 20, 2024 In a press release issued today, MicroStrategy announced an offering of convertible senior notes. Indeed, the move continues the same process the company has used to grow its Bitcoin holdings. To this point, it has paid dividends, with the company’s stock surging amid its ongoing accumulation of the leading crypto. MicroStrategy has had a huge November, as has the company’s stock. Michael Saylor’s company set a new pers...

As Bitcoin reaches an impressive $93,207, fueled by a 2.01% increase in just 24 hours, its bullish momentum sets the stage for an exciting day in the crypto market. While investors closely monitor Bitcoin’s rise, other projects are also making significant strides. Today, XYO Network, Convex Finance, Centrifuge, and OriginTrail are leading the charge as top crypto gainers . Each is fueled by innovative solutions and intense market activity, driving impressive growth that investors should keep an eye on.   Biggest Crypto Gainers Today – Top List Each of today’s unique picks is shaking things up in different sectors of the crypto market. XYO Network is transforming decentralized data solutions. Meanwhile, Convex Finance is making an impact in DeFi, boosting liquidity and staking rewards. At the same time, Centrifuge connects real-world assets with DeFi, offering businesses new liquidity options. Also, OriginTrail is building a trusted AI infrastructure to tackle mi...

The venture capitalist Arthur Cheong is calling attention to one decentralized exchange (DEX) altcoin he thinks is primed for a bullish trajectory. The DeFiance Capital CEO, citing data from the analytics firm Nansen, points out to his 180,800 followers on the social media platform X that Coinbase Ventures has been heavily investing in Aerodrome Finance (AERO). “Coinbase Ventures historically do six-figure venture deals and seldom went beyond $1 million investments until recently. And now we have the largest-ever investment made on a liquid token (>$20 million) bought from the open market like every other market participant. Think about why they are so bullish and still buying more.” Source: Arthur Cheong/X Aerodrome Finance is a trading and liquidity marketplace on Base, Coinbase’s Ethereum (ETH) layer-2 scaling solution. The project is a fork of Velodrome, a trading and liquidity marketplace originally launched on Optimism (OP), another Ethereum ...

PlugMate is designed to transform the future of electric vehicle ( EV ) charging by addressing its present-day key challenge—the lack of accessible infrastructure. EV adoption is increasing globally, and the world is facing a funding gap of $2.7 trillion for setting up new charging stations by 2030. PlugMate steps in with an innovative, blockchain-powered crowdfunding platform, creating a transparent and efficient way to fund these crucial projects.  Powered by its EVP token economy, PlugMate offers rewards, community governance, and meaningful opportunities to contribute to sustainable infrastructure. “ We’re creating a future where EV charging is accessible for everyone, ” says CEO Madan Morris. “ PlugMate empowers communities to invest in solutions that deliver real environmental and financial benefits.”  At the heart of PlugMate is Wevolt, a proven EV Charge Point Management System (CPMS) with three years of success across Austra...

One Solana (SOL)-based memecoin is going parabolic after earning sudden support from Binance, the world’s largest crypto exchange. Binance announced futures contracts in the USDT trading pair support for Comedian (BAN), which soared to a new all-time high of $0.378 on Monday. BAN has since retraced and is trading for $0.292 at time of writing, up more than 1,600% from its low in early November of $0.017. With a market cap of $287.4 million, BAN is the 275th largest crypto project. According to the project’s website, the memecoin was inspired by the 2019 artwork titled “Comedian” by Italian artist Maurizio Cattelan. The artwork, which featured a banana taped to a wall, sold at Sotheby’s for $120,000. “This satirical cryptocurrency doesn’t just ask buyers to invest in a coin; it invites them to consider their own participation in a new meta driven by humor, hype, and, occasionally, the absurd. Comedian becomes not only a cu...

The overall feeling in the market is surprisingly negative, and cryptocurrency prices have been fluctuating for a while, including Bitcoin (BTC). BTC has returned to $90K+ but still hasn’t surpassed its all-time high of 93,215. Meanwhile, Ethereum (ETH) is currently striving to stabilize above $3,000. However, identifying the next cryptocurrencies to explode might take some work as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Pepe Unchained, a new Pepe-themed meme coin launched on its Ethereum Layer 2 blockchain. Within minutes, it attracted over $150,...