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Analyst Says Don’t Wait To Buy XRP, Instead Buy XRP and Wait

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Famous crypto expert Edo Farina encourages investors to buy XRP immediately rather than wait for a retracement that might never happen. 

Farina made the assertion in response to questions from his X followers about whether it is appropriate to purchase XRP now or wait for a price retracement. Notably, he does not recommend waiting, as he thinks XRP might not see any major dip. 

The analyst claimed he had successfully predicted XRP’s downturn in the past, especially when the asset plunged to $0.20 after the SEC filed its lawsuit against Ripple in 2020. 

XRP Prowess for Strong Growth 

At the time of the analysis, XRP was priced at $0.60, which, in Farina’s view, is highly undervalued. He shared a similar sentiment for Stellar (XLM), which was trading at $0.11 at the time of the post. 

According to Farina, both XRP and XLM have strong growth potential, citing their relevance in the financial sector. The expert also provided insights into the historical performances of both cryptocurrencies during a bull run. 

He suggested that both cryptocurrencies are usually the last to surge in a bull run. Nonetheless, he said both assets end up with the biggest gains, as seen in 2018 when XRP’s price soared 36,000% to an ATH of $3.84. 

XRP Set for Major Rally 

The expert forecasted an imminent price surge for XRP, advising investors to acquire XRP immediately rather than wait for a retracement. He indicated that people could miss out on a potential rally if they choose to wait. 

According to Farina, people should acquire at least 10,000 XRP, which costs about $5,820. Afterward, he urged them to diversify their investments into other promising assets like XLM. 

No Regrets 

Furthermore, he suggested a long-term approach for XRP and other assets, which could help investors “beat the institutions.” He indicated that investors will have no regrets over the next five years when reflecting on their initial XRP investment. 

“It doesn’t matter, guys; I promise you will look back five years from now, and it will not matter at all if you bought XRP at $0.55, $0.60, $0.65, or even $1,” Farina remarked. 

XRP has witnessed slight gains amid the broader crypto rally driven by Donald Trump’s victory in the U.S. Presidential election. The price of XRP surged above the $0.60 mark, hitting an intraday high of $0.6160. At press time, XRP is trading at $0.5820, reflecting a daily decline of 0.33%. 

One Smart Trader Nets $3M in One Hour from Binance New Listing: Here’s How

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A team member of the Asian crypto news platform BWE has made a fortune from monitoring new digital asset listings on Binance. 

According to on-chain analytics firm Lookonchain, the trader raked in $3 million in an hour by monitoring Binance’s new listings. This emerged as the ongoing bull run gained momentum, sparking several big-money gains in the market and attracting the attention of retail investors.

Notably, listings on centralized exchanges are highly sought after by crypto traders, who aim to secure favorable entry positions. During a bull market, the prices of newly listed tokens often see rapid gains due to heightened market participation and the frenzy surrounding community interest. 

Binance, the largest exchange by volume globally, and Coinbase, the leading exchange in the U.S., have their listings closed and monitored.

A Transaction That Shocked The Ecosystem 

The trader made swift moves when the ACT token was listed on Binance, with several users praising the speed of the trade. Upon the listing of ACT, the trader spent 1,558 SOL, worth approximately $318,000, to acquire the tokens.

Remarkably, the 10.9 million ACT tokens purchased soon appreciated in value, growing to a worth of $3.4 million—a transaction that has been widely celebrated. This success adds another crypto millionaire to the list of those benefiting from the market’s positive momentum.

Inside Trading?

After Lookonchain shared details about the trader’s $3 million windfall, BWE News confirmed that the trader in question was part of their team. However, the firm clarified that the trade was executed 2.4 seconds after the listing went live, adding that they are not Binance insiders and dismissing any speculation about insider trading.

In a related development on October 25, another trader made $140,000 in less than 20 minutes. Following Binance’s announcement of the MOODENG perpetual contract, this trader bought 2.7 million tokens with 1,300 SOL, netting a huge profit in just minutes.

Bullish Outlook for Crypto Market

Many crypto traders believe the market rally will continue, especially with expectations of positive crypto regulation in the U.S. Additionally, rate cuts in various jurisdictions have driven capital toward riskier assets, benefiting meme coins and newly launched tokens rather than a scenario where funds flow out of the market.

As of the last 24 hours, the crypto market has reached a $2.7 trillion market cap, with Bitcoin trading above $82,000.

Cardano Breakout Sprint Surpasses $0.60, Now Targeting $1

Cardano is making strong, bullish moves. Its recent triangle breakout rally aims to push the price past the $1 psychological mark.

The cryptocurrency is benefiting from positive market sentiment, especially with Bitcoin surpassing the $82,000 level, setting a new all-time high. Cardano has surged by 77% in just one week, climbing from an opening price of $0.334 to a closing price of $0.59.

As Cardano breaks through a key resistance trendline, market watchers are anticipating that the bullish momentum could propel the price to $1. Let’s examine the likelihood of Cardano breaking the $1 barrier during this bullish cycle.

Cardano’s 87% Rise Targets New 52-Week High

On the daily chart, Cardano is showing a high-momentum reversal with seven consecutive bullish candles. This rally has resulted in an 87% price increase, from a low of $0.32 to the current price of $0.595.

Cardano Price Chart
Cardano Price Chart

The bull run has surpassed the 67.80% level at $0.548 and has faced a higher price rejection from the 78.60% level at $0.69. As the falling channel breakout rally after a small consolidation period gains momentum, the bull run is teasing a new 52-week high formation for Cardano. 

With the surge in bullish pressure, the 50-day and 100-day exponential moving averages (EMAs) have given a positive crossover, signaling further upward movement. Additionally, the 20-day EMA has crossed above the 200-day EMA, adding to the bullish outlook.

Cardano Weekly Price Targets

On the weekly chart, Cardano’s price action formed a symmetrical triangle pattern during the recent pullback phase. Last week, a powerful bullish engulfing candle confirmed the breakout, signaling the continuation of the uptrend.

Cardano Price Chart
Cardano Price Chart

Although Cardano is currently struggling to break above the $0.60 mark, the daily MACD indicator has flipped to a positive crossover, suggesting that the bullish momentum is still intact.

Using Fibonacci retracement levels, the next significant resistance level lies at the 23.60% level, around $0.729. A breakout above this level would signal a change in character for Cardano, boosting the chances of the price rallying to the 38.20% level at $1.45.

On the downside, key support levels include the $0.50 psychological mark and the broken resistance trendline. A retest and bounce off these support levels would further reinforce the bullish thesis and could trigger a high-momentum rally for Cardano.

Top Analyst Warns of 25% Bitcoin Dip Before “Generational FOMO” Drives BTC Past $100K

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As Bitcoin surpasses $80,000 after the U.S. elections, analysts predict short-term corrections but foresee long-term targets as high as $300K amid growing demand.

Bitcoin reached a historic milestone this week, rising above $80,000 for the first time. The crypto’s surge came after Donald Trump’s victory in the U.S. presidential election and as Republicans edge closer to securing control of Congress.

This political outcome is influencing market dynamics, with analysts speculating on Bitcoin’s next price trajectory. Some predict significant price corrections, while others see potential long-term growth fueled by increasing demand and the possibility of U.S. policy shifts favoring digital assets.

Short-Term Bitcoin Corrections Before High Targets

As Bitcoin crosses new thresholds, industry observers forecast further growth and market corrections. For instance, investor Alistair Milne expects Bitcoin to target $100,000 next.

However, Milne warns of a potential 20-25% correction before reaching this level, suggesting that sellers at $95,000 and above may capitalize on the expected dip, leading to short-term price fluctuations. 

Analysts observe that despite corrections, continued interest from institutional and individual investors could ultimately push Bitcoin’s price past $100,000, potentially sparking what some call “generational FOMO,” or fear of missing out. 

At press time, Bitcoin was trading above $80,000. A 25% correction would drive its value back to the $60K range.

Long-Term Price Target

In addition to short-term speculation, some financial leaders are presenting even more ambitious long-term projections for Bitcoin.

VanEck CEO Jan van Eck recently voiced his belief that Bitcoin could ultimately achieve $300,000. His forecast is based on Bitcoin’s growing role as “digital gold” and its potential to capture half the market share of gold.

Meanwhile, Van Eck clarified that this projection is conservative, noting that some Bitcoin proponents anticipate an even higher valuation. He argues that Bitcoin’s trajectory might surpass his estimate, particularly as demand for Bitcoin-backed products grows.

Interest in Bitcoin continues to surge, as indicated by a single-day inflow of $1.37 billion into Bitcoin funds last Thursday.

Bitcoin Finally Decoupling from Global Stock Markets Amid Record Weekly Gain and $81K Surge

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Bitcoin has reached a new all-time high of $81,858 while decoupling from global stock markets, signaling a new phase of growth.

At press time, Bitcoin is trading at $80,944.72, marking a 2.42% increase in the last 24 hours and a significant 17.43% gain over the past week. This price movement has been accompanied by a trading volume of $78.6 billion, further highlighting the strength of the rally.

Bitcoin Decoupling from Stocks? Analyst Insights Point to a New Trend

Amid this milestone, crypto analyst Tuur Demeester has noted Bitcoin’s shift away from its traditional correlation with the stock market. Demeester’s analysis compares Bitcoin’s performance to the Dow Jones Global Index (DJW) from 2020 to November 2024.

The chart captures Bitcoin closing at 123.97 in the DJW index, a 13.32% weekly gain that positions Bitcoin near a long-standing resistance level at 124. Historically, this level has proven challenging to surpass, but Demeester’s insights suggest Bitcoin could be set for a breakout, distancing itself from traditional stock market trends.

This trend signifies a potential “decoupling” of Bitcoin from the stock market, as noted by Demeester, aligning with the technical breakout seen on the chart.

 

Bitcoin Attempt at Largest Weekly Candle Amid $81K Surge.

Yesterday, as Bitcoin rallied to an all-time high of $81,000, market watcher BTC_Archive highlighted a historic development: Bitcoin was on track to close its largest weekly candle ever, following consecutive days of setting new peaks.

Notably, Bitcoin traded as low as $66,000 last week before surging above $81,000. The weekly data shows Bitcoin opened at $68,742 and closed at $80,474.19, reflecting an $11,732 gain.

While this is significant, it falls just short of the record set in 2021, when Bitcoin added more than $12,000 in a single week.

Bitcoin historical data
Bitcoin historical data

Historically, large candles with high trading volumes, as seen during the 2017 and 2021 bull cycles, signal heightened interest and sustained upward momentum. This week’s trading volume surge points to renewed buying enthusiasm and bullish sentiment, with volumes reaching levels reminiscent of prior market peaks.

$1.29 Billion in Shorts at Risk as Price Nears $85,000

Notably, the increased volatility in Bitcoin’s price has placed significant pressure on short positions. Data from Coinglass shows that $84.39 million worth of Bitcoin shorts were liquidated in the past 24 hours.

In addition, analyst Ash Crypto highlighted the liquidation risk for short positions, with a potential short squeeze looming. If Bitcoin reaches the $85,000 mark, another $1.29 billion in short positions could be liquidated. This would likely trigger a major short squeeze, adding fuel to Bitcoin’s upward momentum.

With New 52-Week High, Dogecoin Eyes 300% Parabolic Rise to $1

As the price of Dogecoin (DOGE) hits a new 52-week high of $0.3032, the market’s anticipation for a rise to $1 grows.

With the meme coin’s market cap surpassing the $90 billion mark, Dogecoin is shining bright in the crypto market. With a market cap of $41.56 billion, Dogecoin has surpassed USDC to become the sixth biggest crypto in the world. 

Dogecoin is currently trading at $0.2832, up 24.76% in the last 24 hours. Over the past week, it has surged nearly 90%, and in the past 30 days, it has gained an impressive 155%. With such remarkable gains, the question remains: Will this bullish trend propel Dogecoin to a new all-time high?

Dogecoin Hits 52-week High

On the daily chart, Dogecoin’s price action shows a breakout from a falling channel, with the rally gaining momentum. The breakout has formed a higher low pattern, surpassing the previous 52-week high of $0.2850. Dogecoin is currently trading at $0.28443.

Dogecoin price chart
Dogecoin price chart

With an intraday gain of 1.94%, the price is holding above the 1.272 Fibonacci level at $0.2783. The growing bullish sentiment suggests that the next immediate target on the daily chart is $0.3756, at the 1.618 Fibonacci level.

The MACD and signal lines, along with the key exponential moving averages, maintain a positive alignment, further reinforcing the bullish outlook.

Dogecoin Price Targets

On the weekly chart, the bull run has exceeded the 23.60% trend-based Fibonacci level, signaling a shift in market sentiment with a breakout from a rounding bottom pattern. This also overcame the crucial resistance at $0.2314, pointing to a high likelihood of continued bullish momentum.

Dogecoin price chart
Dogecoin price chart

As the trend reversal gains steam, it marks the end of a prolonged pullback phase. Additionally, the weekly MACD indicator shows a positive crossover, adding to the optimism.

Based on Fibonacci projections, the uptrend is likely to reach the 38.20% level at $0.5408, with the next major target being the psychological $1 mark. A move to $1 represents a potential upside of 285%, positioning Dogecoin for a possible parabolic rise.

VanEck CEO Cites Bullish Bitcoin Quotes Assuring Further Price Upticks Amid Surge

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VanEck CEO Jan Van Eck quoted three commentaries from a Friday episode of The Compound and Friends podcast exhorting Bitcoin’s bullishness.

Bullish sentiments have swelled among crypto proponents as Bitcoin continues to break into new price discoveries. The premier asset surged to an unprecedented high of $81,800 on Sunday, sparking a wider market explosion.

Amidst these uptrends, VanEck CEO Jan Van Eck has attempted to spread further bullish sentiments in the market. In a November 10 post, he quoted three commentaries from a podcast explaining that the pioneering asset has more upsides from current highs.

 

Bullish Bitcoin Quotes

Van Eck shared The Compound and Friends podcast hosted by Ritholtz Wealth’s CEO, Josh Brown. In the show, Brown—whom Van Eck described as a huge voice in the RIAs—emphasizes Bitcoin’s bullishness, noting in the Friday show that the pioneering crypto asset is one every market investor should watch.

The Ritholtz CEO stated that Bitcoin cannot be ignored again, asserting it was heading above $100,000 per coin. Brown noted that Bitcoin FOMO would set in at the six-figure price; hence, the asset would surge further to $110,000.

Furthermore, Brown noted that the US Treasury speculations were massive for Bitcoin. He argued that if the US stores the largest cryptocurrency by market cap as a strategic reserve, it would attract the central banks of other countries, spearheading mainstream adoption.

Meanwhile, Van Eck, who predicted Bitcoin would surge to $300,000, cited another quote from Katie Stockton, the founder and managing partner of Fairlead Strategies. Notably, she was a guest on the Compound and Friends podcast edition sponsored by asset manager VanEck.

The Fairlead founder and ETF expert noted that Bitcoin was an investment vehicle everyone should have a bite of. She also said she would add more Bitcoin as the premier asset consolidates above its current price.

Furthermore, Stockton implied that Bitcoin would explode as institutional adoption grows. “Imagine if all of the pensions out there or the state funds picked up a little Bitcoin,” she stated.

Bitcoin About to Break From Cup and Handle

In the podcast, co-host Michael Batnick shares that Bitcoin is about to break out from a massive cup and handle price patterns in the 1-week timeframe. He confirmed that a break from this structure would spur an explosive uptick to unprecedented highs.

Bitcoin Cup and Handle Pattern
Bitcoin Cup and Handle Pattern

However, Stockton noted that confirmations are necessary before entry. Meanwhile, she stated that bullish fundamentals and technicals profound in the crypto market could drive Bitcoin to new highs, as seen in gold’s early days.

Meanwhile, Bitcoin trades at $81,488, up over 2% in the past 24 hours. The asset’s market cap has surged to $1.6 trillion, accounting for 58% of the entire crypto market valuation.

Bitcoin Hits New ATH at $81,888: Market Eyes $94K with Open Interest Near $50B

With a new all-time high formation at $81,888, the Bitcoin (BTC) price trend aims to cross $90,000 in this bull market. 

With the crypto market reaching the $2.7 trillion mark, Bitcoin created a new all-time high near $82,000, resulting in a new altcoin season. 

Currently, Bitcoin is trading at $80,878 with a market cap of $1.6 trillion. With a weekly increase of nearly 20%, BTC’s price trend teases a massive surge ahead. 

Bitcoin Price Analysis

Looking at the daily chart, Bitcoin’s price action reveals a breakout from a falling channel, which acted as a flag pattern within the broader bull run of early 2024. Following the breakout, Bitcoin saw a post-retest reversal from the 78.60% Fibonacci retracement level at $67,690.

Since then, Bitcoin has surged by nearly 20%, with seven consecutive bullish candles. The price is now heading toward the 1.272 Fibonacci level at $82,663, which could act as the next key resistance.

Bitcoin price chart
Bitcoin price chart

Analyst Warns of ~$1B in Liquidations as Open Interest Nears $50B

Amid the bull run, the Bitcoin open interest has risen by 2.59% in the past 24 hours, reaching $49.06 billion. With the volumes crossing above $104 billion with a 53% surge, the broader market sentiments for Bitcoin are extremely bullish. 

Bitcoin Derivatives Data
Bitcoin Derivatives Data

Over the last 24 hours, $121 million worth of positions in Bitcoin derivatives were liquidated. Short-sellers incurred $84.34 million in losses, while long positions were hit with $37.47 million in liquidations.

On Binance, the top traders maintain a long-to-short ratio of 1.50 based on positions, which supports the bullish trend. However, the long-to-short ratio based on accounts is 0.73, suggesting a potential minor pullback.

Crypto analyst Ali Martinez recently tweeted that nearly $1 billion in liquidations could occur if Bitcoin’s price falls to $77,250. This would trigger a cumulative long liquidation of approximately $999.67 million.

Will Bitcoin Cross $90,000?

As the bull market continues, technical indicators point toward further upside. The 100-day and 200-day simple moving averages (SMAs) are signaling a potential positive crossover, while the MACD and signal lines remain in a bullish trend, confirming a “BUY” signal.

Institutional support is likely to increase, especially with potential U.S. Bitcoin Spot ETFs, which could fuel further bullish sentiment. The strong performance of crypto-related stocks, such as MicroStrategy, also adds to the optimistic outlook. MicroStrategy’s Bitcoin holdings are now valued at $20 billion, with MSTR stock climbing 17.42% last week, yielding 100% returns.

With a breakout above the 1.272 Fibonacci level at $82,663, Bitcoin could continue its rally toward $90,000. By the end of the year, Bitcoin’s bull run could reach $94,119, the 1.618 Fibonacci extension. However, a minor retest of the $80,000 mark is also a possibility.

Dogecoin Soars 150%, Overtakes XRP and USDC to Become Sixth-Biggest Crypto with $42B Cap

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Dogecoin (DOGE) has surged 23% in the past 24 hours, overtaking leading crypto assets like USDC and XRP on the ranking.

This rise follows a broader market rally, with many assets, including Bitcoin, Ethereum, and various meme coins, hitting highs not seen in months. The influx of new funds from institutional and retail investors has been a key driver behind this surge.

Once considered a $40 billion “joke” project, Dogecoin has seen substantial inflows over the past day, placing it among the biggest gainers. The reasons for this surge range from macroeconomic factors to U.S. political developments and the continued influence of Elon Musk, a prominent Dogecoin advocate. 

While some analysts question whether the rally is sustainable, others predict a potential market correction once the election-related excitement dies down.

Dogecoin Overtakes XRP and USDC

Dogecoin’s meteoric rise has propelled its market capitalization to $41.8 billion, surpassing both XRP and USDC. Daily trading volumes have spiked and weekly metrics show a positive trend. 

Over the past seven days, DOGE has gained 86%, outpacing many top cryptocurrencies by market cap. Its monthly gains have exceeded 150%, signaling a sharp reversal in the past month.

The token’s success has generated widespread attention on social media, with Dogecoin enthusiasts rallying around the asset. Its 24-hour trading volume has surged 192%, reflecting growing market interest.

As a result of this rally, Dogecoin is now the sixth-largest cryptocurrency by market capitalization, surpassing USDC and XRP, which had ranked higher just a week ago. USDC currently has a market cap of $37 billion, while XRP’s stands at $33 billion.

Dogecoin uptrend
Dogecoin surges 150%, overtaking XRP and USDC | CoinMarketCap

Notably, Dogecoin’s ability to overtake major projects like XRP highlights the growing influence of meme coins in the current market, which benefit from heightened speculative sentiment.

Dogecoin Rally Linked to Elon Musk and U.S. Elections

After trading sideways for several weeks, the “Uptober” rally helped drive crypto asset prices higher in anticipation of a surge in November. This rally was partly fueled by the growing prominence of crypto in U.S. politics ahead of the presidential election. 

Both Kamala Harris and Donald Trump had voiced support for potential crypto regulations, which many believe could foster innovation in the sector. However, a Donald Trump win resonated better with most market investors.

Moreover, Elon Musk campaigned for Trump and planned to work with the administration in charge of the proposed Department of Government Efficiency (D.O.G.E). The polls’ outcome sparked a rally in Dogecoin, setting the stage for future rallies. Bitcoin also soared past $81K over the weekend. 

Here is Why Shiba Inu Surging with ‘Big Bois’ Like BTC and ETH: SHIB Lead Explains

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Shiba Inu’s enigmatic leader, Shytoshi Kusama, reveals why SHIB’s price has surged alongside other prominent cryptocurrencies, like Bitcoin and Ethereum. 

Shiba Inu (SHIB) has witnessed an impressive run over the past few days, taking its price above $0.000027. This surge coincides with strong gains registered by crypto assets such as Bitcoin and Ethereum over the past week.  

Shiba Inu, Bitcoin, and Ethereum Embark on Massive Rally 

In particular, the world’s largest cryptocurrency surged tremendously, hitting new all-time highs (ATH) daily. The premier asset’s current ATH stands at $81,858, recorded in the early hours of today. Priced at $81,170, Bitcoin is up 29.53% in the past month, 17.82% in the past seven days, and 2.88% in the past 24 hours. 

Similarly, Ethereum surged above the $3,200 price level, as predicted by Bitfinex experts, following a seven-day increase of 27.25%. Interestingly, Shiba Inu also recorded significant gains, following in Bitcoin and Ethereum’s footsteps. 

Yesterday, Shiba Inu hit a five-month high of $0.00002785. Although the token has witnessed a slight correction that took its price to $0.00002511, Shiba Inu is still up 13.8% in 24 hours, 49.02% in one week, and 40.11% in the past month. 

SHIBUSDT 2024 11 11 07 46 44
SHIBUSDT 2024 11 11 07 46 44

Why SHIB Surged Alongside Bitcoin and Ethereum 

Following SHIB’s remarkable rally, Shiba Inu lead Shytoshi Kusama addressed market observers who are surprised that a memecoin like SHIB could rally alongside big ‘bois’ (boys), like Bitcoin and Ethereum. 

The Shiba Inu leader suggested that Shiba Inu’s success is not driven by its meme status or mere hype but by notable factors such as technology and innovative thinking. 

Kusama to Discuss Shiba Inu’s Potential in an Upcoming Podcast 

He hinted at an upcoming campaign to educate the broader crypto community about Shiba Inu’s potential and showcase how it helped SHIB survive the bear market. 

Part of this campaign will involve him being a guest on a podcast, where he will discuss Shiba Inu’s potential, including its technology, resilience through the bear market, and power, in detail. 

His commentary suggests plans to educate crypto enthusiasts about how Shiba Inu’s technology and innovative thinking fueled SHIB’s success rather than the token’s meme origins. 

He has not provided details about the date and time of the podcast. In the meantime, he urged Shiba Inu community members to watch out for more updates. 

Although Shiba Inu originally launched as a memecoin in August 2020, its ecosystem team has rolled out major projects to transform SHIB into a utility token. These include Shibarium, Shiba Eternity, Agent Shiboshi, SHIB: The Metaverse, ShibaSwap, and an upcoming privacy blockchain. 

Despite SHIB’s recent gains, the asset is still down 44.2% from its peak price of $0.000045, registered in March. Nonetheless, as the market continues to react positively to Donald Trump’s re-election, which promised to support fairer and clearer regulations, SHIB could surpass the $0.000045 mark, taking it close to its previous ATH record of $0.00008616.