DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens.
With the broader market recovery, the altcoin segment has been set ablaze. In this heating demand, the Metaverse tokens are making a comeback. With Decentraland and Sandbox tokens surging nearly 200% in the past three weeks, the bull run is aiming for an extended rally.
The non-fungible tokens (NFTs) sector has seen prolonged underperformance as trends such as meme coins, RWA, and AI dominate the cryptocurrency marketplace. However, the emerging bull run, where Bitcoin stares at the $100,000 milestone, has invigorated each sector. CryptoSlam data shows NFTs performed well over the past few sessions.
For quite a long time, NFT space remained under shadows as the newly created space has dominated the crypto markets. Moreover, the rising interest of the market participants in memecoins had prevented the other segments of the crypto space to thrive.
As Bitcoin (BTC) closed the third consecutive week in the price discovery phase, the altcoin space gained significant bullish sentiment. During the past week, the altcoin market – led by Stellar Lumens (XLM), Decentraland (MANA), and The Sandbox (SAND), among others – registered palpable gains.
Here is how some of your favorite assets concluded the week.
SAND, the token powering the metaverse platform The Sandbox, has seen a meteoric rise, surging 55% in the past 24 hours. This performance far outpaces leading assets like Bitcoin and Ethereum, which each gained just 1% during the same period.
Lido is one of the most important liquid staking protocols within the Ethereum ecosystem. Its model allows users to earn rewards from staking Ethereum (ETH) without losing liquidity, through the use of liquid tokens such as stETH and wstETH.
Should you diversify into MKR now that MakerDAO is demonstrating healthy activity and growth? Here's what our findings reveal.
Altcoins posted significant gains this week buoyed by Bitcoin's rally.
Cryptocurrency Prices Today, November 23: The broader market movement on Saturday sparked bullish momentum globally. Bitcoin remains steady at $98K, while major altcoins like ADA, XRP, and AVAX surged between 14% and 25%.
The cryptocurrency market is buzzing as spot ETF applications for Solana (SOL), XRP, and Hedera (HBAR) progress, signaling a potential "altcoin season" where investors may expand their focus beyond Bitcoin and Ethereum. The post SOL, XRP, and HBAR To Pump Further As Road to ETFs Opens Up appeared first on Cryptonews.
TL;DR Hedera (HBAR) gained significant attention during the bullish crypto market of 2021, highlighting its potential as a major player in the blockchain space. Price predictions for HBAR from 2025 to 2035 vary, with some forecasts suggesting substantial growth and high returns, while others indicate periods of stabilization and correction.
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.
Hedera (HBAR) has become the top loser among the top 100 cryptocurrencies, experiencing a dramatic 20% drop in price over the last 24 hours. This decline follows a rally where HBAR surged by 180%, raising questions about what caused such a sharp reversal.
Hyve, a data availability protocol secured by the permissionless shared security platform Symbiotic, has announced a collaboration with Lido to introduce wrapped stETH as its first collateral.
A federal court in California has ruled that members of Lido DAO, the decentralized autonomous organization (DAO) behind the popular Lido staking protocol, are legally liable under the state's partnership laws. This ruling marks a significant step in the ongoing efforts to clarify the legal status of decentralized organizations within the United States and could have broad implications for the crypto space.
Nate Geraci, President of The ETF Store, revealed that applications for spot ETFs for Solana (SOL), XRP, and Hedera (HBAR) are currently in progress, alongside the launch of Grayscale and Bitwise crypto index funds.
For Maker to confirm a bullish breakout, it needs to flip the resistance at $1,550.
HBAR, OM, and APE are grabbing the spotlight as Binance unveils expanded trading pairs and Spot Algo services. Launching November 22, the announcement has market watchers eyeing a rally despite recent turbulence in token prices.
Bitcoin (BTC/USDT) reigns supreme – hitting a new ATH of $94,832, cementing its undisputed dominance. Ethereum, lagging 37% below its ATH of $4,868, struggles to shine in Bitcoin's shadow.
A significant legal development occurred for Lido DAO as the U.S. District Court for the Northern District of California ruled against the decentralized autonomous organization (DAO) in a high-stakes lawsuit. Lido DAO had argued that it was not a legal entity and, therefore, could not be held accountable in court.
A recent ruling by the U.S. District Court for the Northern District of California has determined that Lido DAO, a cryptocurrency staking platform, qualifies as a general partnership under state law.
SAND may be building momentum as key technical and on-chain signals pointed to a breakout.
Lido DAO's efforts to shrug off a securities case have fallen through.
A recent ruling from a California court has implications for decentralized autonomous organizations (DAOs), especially those involved in Ethereum (ETH) liquid staking.
Sky co-founder Rune Christensen told Decrypt that Solana support "marks the beginning of a new multi-chain era for USDS."
An unlikely outcome has resulted in a case reported by an investor against Lido DAO. The court has ruled that since Lido DAO is an association of more than two persons, it falls under partnership laws.
Judge Vince Chhabria, in his ruling, raised concerns about whether individuals in the cryptocurrency industry can avoid legal accountability by using unconventional legal structures to profit from innovative financial instruments.
Hedera Hashgraph was one of the best-performing cryptocurrencies on Friday, November 15, as a popular crypto analyst made his bullish case. Hedera Hashgraph (HBAR) price rose to $0.
Sandbox (SAND) gains momentum, with $0.50 in sight if it clears $0.35.
The build-up of liquidity at $0.07 was a sign of a potential price dip toward $0.06 before the upward move resumes.
With the altcoin market facing a minor pullback, HBAR price trend continues to sustain the bullish breakout rally. Surpassing a long-coming resistance line, the altcoin is heading towards the $0.10 psychological mark.
HBAR is struggling to exit its consolidation range as a bearish pullback triggered a surge in long liquidations.
The crypto prices today have illustrated a set of mixed actions, sparking investor speculations globally. Bitcoin (BTC) price reversed previous gains to rest at $88K, whereas Ethereum (ETH) and Solana (SOL) prices followed.
Hedera's HBAR token has recently surged, breaking through a critical year-long resistance trendline that had capped its growth. This breakout marks a potential turning point, suggesting that the altcoin could be poised for a significant recovery.
Crypto ETF landscape flourishes with new colors as Canary Capital mails an HBAR ETF application to the SEC.
Aptos and NEAR Protocol were the only gainers, each rising 1.7%.
Privacy-focused cryptocurrencies like Monero and Zcash might be poised for significant growth this November. Transaction volumes for these coins have increased on ChangeNOW, a platform that allows cryptocurrency exchanges without registration.
The Hedera network has grown to a vibrant multi-chain Web3 ecosystem with over $53 million locked in the dozens of DeFi projects.
The news of the filing had a positive impact on HBAR's price.
With the altcoin rally gaining momentum in the crypto market, the recovery run in HBAR price teases a trend reversal. Crossing the $0.050 psychological mark, the uptrend in Hedera reveals a massive upside.
Canary Capital, an asset management firm based in Nashville, has filed an S-1 form for an exchange-traded fund (ETF) focused on HBAR, the native cryptocurrency of the Hedera blockchain.
Maker's exchange reserve and exchange supply ratio hits a yearly high signaling potential correction.
Canary Capital Group filed an S-1 registration statement on November 12 with the U.S. Securities and Exchange Commission for an HBAR ETF. The HBAR exchange-traded fund will track the native assets of the Hedera network.
Canary Capital has made history by filing the first-ever spot ETF application for Hedera's HBAR token with the SEC, aiming to provide investors direct exposure to HBAR without using derivatives or futures. The post Canary Capital Files First-Ever Spot HBAR ETF Application with SEC appeared first on Cryptonews.
Amid bullish market sentiment, SAND is poised for a 30% rally as it forms a bullish pattern on the daily chart.
The asset manager has filed with the SEC to list and trade shares of spot Hedera, Solana, and XRP exchange-traded products.