Should you diversify into MKR now that MakerDAO is demonstrating healthy activity and growth? Here's what our findings reveal.

Optimism (OP) price has surged 43.40% in the last seven days, showcasing strong bullish momentum in the market. The uptrend is supported by rising trend strength, with the ADX confirming growing momentum and EMA lines showing a bullish setup.

Ethereum layer 2 scaling solution Optimism ($OP) is riding the bull run after rallying 39% in just seven days. The bulk of those gains came in the last 24 hours, after the token surged 23% to trade at $2.18.

This week, we examine Ripple, Cardano, Optimism, Solana, and Dogecoin in greater detail. Ripple (XRP) XRP just had one of the best months in years, and its price increased by 74% this week alone, bringing it close to $1.5.

The Maker (MKR) token has seen a notable surge in whale activity, with large transactions jumping by a staggering 1,400%. Despite this increase in large-scale transactions, technical indicators and on-chain metrics are sending mixed signals about the future direction of MKR's price.

Optimism (OP) is experiencing an interesting market rally amid the ongoing cryptocurrency bull run. According to CoinMarketCap data, the protocol's native token OP is changing hands at $2.19, representing a 21.57% rise in the last 24 hours.

For Maker to confirm a bullish breakout, it needs to flip the resistance at $1,550.

Optimism (OP) has been gaining attention in the crypto market, with some analysts predicting a 60% rally if the token can break through a critical resistance level. Michaël van de Poppe, a well-known crypto analyst, has identified that once OP clears its $1.83 resistance, it could see a rapid price surge, potentially pushing the token toward higher price targets.

Crypto analyst predicts 60% rally for Optimism (OP) after breaking key resistance at $1.83.

Sky co-founder Rune Christensen told Decrypt that Solana support "marks the beginning of a new multi-chain era for USDS."

A widely followed crypto analyst says that one Ethereum (ETH) layer-2 scaling solution appears to be a cusp of a rally that would see it print gains of over 200%.

BlackRock announced on Wednesday that it is expanding its tokenized liquidity fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), to operate on multiple blockchain platforms.

Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company's on-chain money market fund, across five new blockchains.

The tokenized money market fund will launch on nearly half a dozen new blockchain networks.

Maker's exchange reserve and exchange supply ratio hits a yearly high signaling potential correction.

An important pattern is pointing to a potential 340% increase to $7.20 in OP's price.

Optimism forms an ascending triangle, signaling a potential rally to $7.20.

Bitcoin (BTC) catapulted to another all-time high, reaching $89,604 before declining marginally, as bulls set their eyes on $90,000 and $100,000. The euphoria over Trump's win shows no signs of waning, and BTC could hit $100,000 before the end of the year if the bull run continues at its current pace.

During the U.S. trading session on Monday, the crypto market winessed an accelerated momentum as Bitcoin price spiked to a new high of $85,000. Most major altcoins are following the same pace and preparing to challenge their respective highs.

Consumer-facing blockchain applications with intuitive user experiences could bring more mainstream cryptocurrency users.

Maker (MKR), the governance token of the MakerDAO ecosystem, has been showing impressive upward momentum, recently breaking out of a long-standing bearish pattern. Despite its 11.20% surge in the past 24 hours, reaching $1,416.32, the cryptocurrency faces some resistance and market dynamics that could limit its progress in the short term.

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The DeFi project Sky has retained its new brand identity rather than revert to MakerDAO following a community vote. Polling data revealed that 79.3% of votes supported maintaining the Sky brand as the core protocol name.

Trader bids are fueling the uptrend, with a 13.67% rise in Open Interest to $120.30 million.

Sky's USDS is now the third-largest stablecoin, replacing the original DAI which held that position for years on the charts.

The Maker price has jumped ~10% over the past day, resulting in this altcoin successfully recording a bullish reversal. Moreover, with the technical sentiments and on-chain data favoring the project, the MKR coin hints at a promising bullish month.

Bitcoin (BTC) surged to a new all-time high following Donald Trump's resounding victory in the US presidential elections. BTC surged to $76,460 hours following Trump's victory, as the crypto market surged to new highs.

Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low.

Conflux Network, a public Layer-1 blockchain, is designed to facilitate decentralized applications (dApps) and support Web3 infrastructure. This project aims to create a sustainable, scalable, decentralized, and secure environment for developers and users.

The cryptocurrency exchange Gemini, owned by the Winklevoss brothers, has just announced the listing of OP and the memecoins POPCAT and BONK.

Optimism (OP) is making waves in the cryptocurrency space, particularly as a prominent layer 2 solution for Ethereum. This technology is designed to enhance transaction speeds and lower costs, addressing some of the main challenges that Ethereum has faced, such as high fees and congestion during peak times.

Bitcoin's rally slows down near the weekend, top altcoins record double digit gains.

Historically, the fourth quarter often brings notable gains for cryptocurrencies, and with November underway, crypto whales are strategically positioning themselves for potential profits.

This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.

Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol's governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11.

MKR may finally be ready for a recovery after dancing with the bears since April.

Ever since the launch of the Bitcoin ETF, the institutions have been accumulating the token heavily. As the price is ascending towards the ATH, these activities have been intensifying, and as a result, the total ETFs held by them have now surpassed the Bitcoins held by Satoshi Nakamoto.

Conflux (CFX) has rolled out its v2.4.1 testnet upgrade, introducing significant RPC, storage, and code improvements, alongside crucial bug fixes. Node operators are urged to update promptly.

Bitcoin (BTC) is teasing a record high after it peaked at $73,464 on October 30, bringing it within touching distance of its all-time high of $73,750. However, the cryptocurrency has registered a marginal decline during the ongoing session and is trading just above $73,200.

OP's charts have been building momentum recently.

Maker (MKR) has staged a significant comeback, revitalizing interest and ignite predictions that it could potentially climb as high as $3,000. Given its central role within the decentralized finance (DeFi) ecosystem, Maker (MKR) has captured investor interest, primarily because of the demand for decentralized stablecoins like DAI and the protocol's recent technological strides.

MKR, the governance token of MakerDAO, has witnessed a 10% price uptick over the past 24 hours. It's currently trading at a weekly high of $1,224.

Swell abandons its initial plans to use Polygon's CDK, selecting Optimism's OP Stack for its Layer 2 migration strategy.

TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.

With a resurgence in buying pressure, the CFX price is back in action and ranks among the top 24H performers. Conflux has risen nearly 4% in the last 24 hours and approaches the $700M market cap. With a new recovery run in the daily chart, will the CFX price reach the $0.

DeFi protocol Synthetix is setting its sights on acquiring Kwenta, a derivatives exchange that emerged from Synthetix itself in 2020. The post Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives appeared first on Cryptonews.

Cryptocurrency exchange Kraken received 25 million OP tokens (worth $42.5M) from the Optimism Foundation to build its new layer-2 network Ink on the Superchain ecosystem, with the grant split between engineering funding and transaction-based milestones.

Swell is transitioning to Optimism's Superchain ecosystem and developing an optimistic rollup on the OP Stack.