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Cryptocurrency News Articles
Cryptocurrency Markets Are Closing Friday Strong, With Bitcoin’s Performance Paving the Way for Altcoin Gains
Nov 30, 2024 at 07:16 am
Notable Statistics: Notable Developments: Top Gainers: Trader Notes: Daniel Cheung, co-founder of Syncracy Capital, speculates that altcoins will “rip 50% in a day” once Bitcoin breaks $100,000.
Bitcoin’s rally above $80,000 has set the stage for a strong performance from altcoins, which are posting impressive gains on Friday.
Related Reading | TA: Bitcoin Price Surges Past $80,000, Why A Correction Is Imminent
Cryptocurrency markets are closing the week on a high note, with Bitcoin’s strong performance paving the way for altcoin gains.
Among the top performers are Dogecoin, which is surging over 20%, and Shiba Inu, which is adding another 15% to its gains. Litecoin, Stellar Lumens, and Chainlink are also up over 10%.
The total cryptocurrency market cap now stands at $4.3 trillion, and Bitcoin’s dominance rate is at 41.2%.
Top Gainers
The biggest gainer among the top 100 cryptocurrencies is Dogecoin (DOGE), which is surging over 20% on the day. The meme coin is now trading at $0.42, and it has seen a strong recovery from its recent lows.
Another meme coin, Shiba Inu (SHIB), is also posting strong gains, adding another 15% to its price. SHIB is now trading at $0.000052, and it is up over 100% for the week.
Other top performers include Litecoin (LTC), Stellar Lumens (XLM), and Chainlink (LINK), which are all up over 10%.
Trader Notes
One trader, Daniel Cheung, co-founder of Syncracy Capital, is speculating that altcoins will “rip 50% in a day” once Bitcoin breaks $100,000.
Another trader, Bluntz, is highlighting a bullish chart pattern for Dogecoin, saying, “things are about to get fun again.”
Finally, popular crypto analyst Michaёl van de Poppe sees this as the “institutional and governmental cycle,” flagging discussions around Bitcoin as a strategic reserve in the U.S. and Brazil, while Russia recognizes Bitcoin as property.
“It’s actually an insane period,” the analyst concludes.
It's actually an insane period.
– Trump looking to add $BTC as strategic reserve.
– A bill proposing the same in Brazil.
– Russia recognising #Bitcoin & #Crypto as property.It's the institutional & governmental cycle.
This goes way higher than we all wish for.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Nov 30, 2024 at 10:25 am
- The cryptocurrency world thrives on innovation, and the latest buzz centers around Lightchain Protocol AI, a groundbreaking platform seamlessly merging blockchain and artificial intelligence (AI).
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- DTX Exchange Prioritized by Solana Whales as They See It as the Next SOL in the Making
- Nov 30, 2024 at 10:25 am
- DTX Exchange has already proven its dominance in the crypto market, raising $8.85 million within six weeks. Currently, DTX Exchange is in the fifth stage of the presale, with tokens priced at $0.1.
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- Sei (SEI) and Fantom (FTM) May Be Gearing Up for More Upside Bursts, Says Crypto Analyst
- Nov 30, 2024 at 10:25 am
- Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart.
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