Features Crypto News by Thebittimes.Com

The Department of Government Efficiency price soared 38% in the last 24 hours to trade at $0.2479 as of 09:23 p.m. EST on trading volume that surged 53% to $32.7 million, according to CoinGecko. Department of Government Efficiency Price On A Bullish Trend Reversal The DOGE/USDT chart shows an earlier strong bullish rally (around early November) followed by a consolidation phase, forming a descending triangle. These patterns often indicate potential continuation of the prior bullish trend upon breakout. The Department of Government Efficiency price has recently broken out above the descending triangle’s upper trendline around $0.22, suggesting a bullish continuation. Additionally, the DOGE price is also above the 200-day Simple Moving Average (SMA), which confirms a longer-term bullish trend. The 50-day SMA remains above the 200-day SMA, reinforcing a bullish market structure. The Relative Strength Index (RSI) is slightly below the overbought region (70), indicating there is ...

Cryptocurrencies are gaining momentum as market conditions improve, with an influx of fresh liquidity and rising retail interest. Extreme greed in the market signals bullish trends, but investors should remain cautious as these conditions often lead to increased volatility. While the ideal time to invest may have been during the bear market, there are still opportunities in relatively safer altcoins. Investors are advised to approach these options with a long-term perspective and assess the inflationary dynamics of each token. While safer altcoins may not deliver the dramatic 10x returns of riskier investments, they offer a more stable growth opportunity as the crypto market gains broader traction. This article highlights five such options, ideal for cautious investors or those new to the market. XRP (XRP) XRP has shown strong performance in bullish markets, often regaining its dominance against Bitcoin during altcoin seasons. The token recently surpassed its 2021 market capitaliza...

Hot on the heels of approving crypto mining regulations in Russia, President Vladimir Putin has inked a new law that classifies cryptocurrency as property, allowing its use in certain foreign trade settlements. Signed on Friday, the document also exempts the mining and selling of crypto from value-added-tax (VAT). Digital currency earned through mining is now classified in Russia as “income in kind” and taxed at market rates, while personal income tax is 13% up to 2.4 million rubles ($22,000) and 15% for higher amounts. Corporate income tax will be the standard 25%. Crypto mining infrastructure operators will be required to report their clients to the tax authorities or risk a fine of 40,000 rubles ($370). Under the new law, miners and traders will no longer be able to apply for certain tax cuts , such as single agricultural tax. Russia to ban crypto mining across invaded Ukraine regions Read more: Russian investigator handed 16 years in jail for ...

Why does the Binance Smart Chain Dominate DeFi Activity? Binance Smart Chain (BSC) has emerged as a leading force in the decentralized finance (DeFi) ecosystem. With its low transaction fees, high throughput, and robust ecosystem, BSC has solidified its position as a dominant blockchain for DeFi activity. Here’s a closer look at the key factors driving its success. 1. Low Transaction Fees One of Binance Smart Chain’s most compelling advantages is its affordability. While Ethereum’s high gas fees often deter smaller investors, BSC offers significantly lower fees, making it accessible to a broader audience. This cost-effectiveness is particularly appealing to retail investors and developers looking to launch cost-efficient decentralized applications (DApps). 2. High Transaction Throughput BSC’s architecture, based on a Proof of Staked Authority (PoSA) consensus mechanism, allows for faster block times and higher throughput compared to Ethereum. This enables BSC to handle a large vol...

Uniswap v4 is set to revolutionize decentralized exchanges. As this groundbreaking upgrade nears completion, we’ll examine its potential impact on UNI’s price and the broader DeFi ecosystem. We’ll also delve into the technical Analysis of UNI/USD and UNI/BTC pairs to gauge short-term price predictions. UNI Key Statistics Current Price : $12.92 Market Cap : $7.71 billion Trading Volume (24h) : $1.23 billion Circulating Supply : 600 million UNI Total Supply : 1 billion UNI CoinMarketCap Ranking : #22 UNI has shown impressive growth, climbing 4.08% from its 30-day high and a staggering 93.34% from its 30-day low. The weekly performance is equally strong, with a 4.08% increase from the weekly high and a 50.27% surge from the weekly low. UNI/USD Market Key Levels Resistance: $13.50, $14.50, $15.00 Support: $12.00, $11.00, $9.90 UNIUSD – Daily Chart The daily chart for Uniswap (UNIUSD) shows a strong bullish rally, with the price currently tradi...

Ripple’s XRP experienced a healthy price rally earlier this month. The asset is up 26.5% in the weekly charts, 106.5% in the 14-day charts, 166.7% over the previous month, and 123.9% since late November 2024. The asset breached the $1 mark for the first time since November 2021 earlier this month. Also Read: Shiba Inu: AI Predicts SHIB’s Price for December 1, 2024 Despite the gains, XRP has faced a steep 5.1% correction in the last 24 hours. Source: CoinGecko Why Is XRP’s Price Dipping? XRP’s latest price dip follows Bitcoin (BTC) sliding to below $93,000. The crypto market experienced increased volatility over the last weekend. BTC’s correction led to a market-wide price dip for almost all major crypto assets. Also Read: Amazon Stock (AMZN) Climbs 3%: Why is Amazon Up Today? Source – Decrypt The dip could be due to market participants booking profits after BTC hit an all-time high of $99,645.39 on Nov. 22, 2024. Ripple’s XRP follows the general marke...

Tonkeeper, the non-custodial wallet in the Telegram Open Network (TON) ecosystem, has announced a number of Black Friday promotions, as reported to Finbold on Wednesday, November 27.  The promotional period will last from November 29 to December 1 and incorporate deals from prominent TON partners, including GetGems, Tokenstore, Mercuryo, EVAA, TonStakers, TonVPN, and TonMobile. Tonkeeper Black Friday promotions As part of the promotion, those who purchase non-fungible tokens (NFT) on GetGems will automatically enter a giveaway with a variety of prizes meant to promote interest in NFT trading.    Picks for you AI predicts Bitcoin Cash price for year-end 30 mins ago Here’s why Gold’s next move could propel prices to n...

An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain’s market cap. “TRX has achieved strong product-market fit in stablecoin use cases. TRON blockchain processes 92% of USDT transactions and hosts $60 billion in USDT, yet TRX market cap is only $17 billion. TRX-based USDT is widely used in global trade by offering low-cost, fast stablecoin remittances.” Source: Ki Young Ju/X Justin Sun founded the Tron network in September 2017, and the project’s mainnet launched in May 2018. Ki Young Ju says Sun has built “the biggest global stablecoin trade remittance system.” “I’m not being paid to say this, nor do I own TRX, but I think that he has made a significant impact in the field ...

The non-fungible token marketplace landscape has seen another significant market shift, with Blur overtaking the leading NFT marketplaces Magic Eden and OpenSea for the first time since the beginning of this year. Blur has re-emerged as a dominant player in the NFT marketplace due to its continued unique Features , user-friendly interface, and emphasis on security and reliability. Blur Leads In Daily, Weekly And Monthly Trading Volume Data compiled by nftpulse.org, a cross-chain non-fungible token market explorer, indicates that Blur is the leading NFT marketplace in November. In the past 24 hours, the NFT marketplace has amassed a trading sales volume of $2.97 million, representing 29% of the total NFT market share. Blur has overturned OpenSea and Magic Eden NFT marketplace, which have led the market since the start of the year. Source:nftpulse.org, NFT marketplace sales volume in the past year Moreover, Blur is the current non-fungible token marketplace market leader in near...

Cryptocurrency markets are experiencing unprecedented volatility, with Dogecoin reaching new highs before facing a sharp correction. Major cryptocurrencies, including Bitcoin, have shown remarkable strength by achieving record-breaking price levels this month. The recent market movements have created both opportunities and risks for investors in digital assets. This dynamic market environment has sparked a wave of new cryptocurrency releases entering the blockchain space. Many new tokens are capitalizing on the momentum by offering innovative Features and technological advancements. The market fluctuations demonstrate both the potential and risks associated with investing in emerging cryptocurrencies. New Cryptocurrency Releases, Listings, & Presales Today Jumbo Blockchain transforms patents into digital assets with lightning-fast block generation and a sustainable approach. Blockchain Web Services simplifies blockchain technology through developer-friendly APIs and innovative...

Author | mingdao Original link: https://x.com/mindaoyang/status/1859637646072611254?t=bD5W0n5R-xD4GmFNJ3TOjQ&s=19 Let’s talk about MicroStrategy’s grand strategy today. MicroStrategy has truly hatched the biggest golden egg in this crypto cycle, with paper profits exceeding $15 billion in less than two years. It’s not just a triple arbitrage between stocks, bonds, and Bitcoin. The key lies in transforming MSTR stock into what is essentially traditional finance’s version of Bitcoin (recently, MSTR’s trading volume surpassed that of all Bitcoin ETFs combined). This is a masterpiece of “turning illusion into reality.” Michael Saylor is neither a Wall Street blue blood nor an OG in the crypto world — he’s more like the underdog who knocked out seasoned pros with sheer ingenuity. Here, I’ll briefly discuss the critical elements of his trade structure design: The Stock/Bitcoin Relationship There are two key flywheels at work here: 1. Stock Issuance to Buy Bitcoin: Issuing stock at a prem...

For investors and enthusiasts, staying updated on trending tokens can unlock opportunities for growth, community engagement, and long-term investments as blockchain technology continues to reshape industries; coins like Uniswap, Fjord Foundry, and Shrub The Hedgehog stand at the forefront of innovation and adoption. Top Trending Crypto Coins on DEXTools These coins present the diversity and dynamism of the cryptocurrency market. Uniswap leads as a DeFi trailblazer, pushing boundaries in decentralized trading. Fjord Foundry highlights the importance of scalable, sustainable infrastructure for blockchain growth. Shrub The Hedgehog introduces a refreshing focus on eco-consciousness while maintaining real-world utility. They continue to capture market attention as the top trending crypto coins on DexTools . 1. Uniswap (UNI) Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain that enables peer-to-peer trading of cryptocurrencies without the need of intermediaries....