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BTC Hits $93K, WIF Rally, PNUT Up 133%

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Cryptocurrency prices today continue to spark significant discussions among market traders and investors globally. While Bitcoin (BTC) price hit a new ATH over the past day, top altcoins mainly illustrated gaining trajectories. Besides, the newly listed meme coin Peanut the Squirrel (PNUT) emerged as the day’s top gainer, alongside dogwifhat (WIF) rally.

As a result, the global crypto market cap jumped 3% to $2.98 trillion over the last day. However, the total market volume fell, slipping nearly 3.5% to $308.42 billion. Here’s a closer look into some of the most renowned cryptocurrencies and their price movements on November 14.

Cryptocurrency Prices Today: BTC Hits New ATH, Altcoins Jump

BTC price hit a new ATH of $93.4K, sparing market optimism globally. Meanwhile, Ethereum (ETH) appears to have tackled some turbulence. Nevertheless, SOL and XRP prices maintained a hold in the green zone amid high sentiment. Simultaneously, the meme coin sector showcased remarkable gains, adding to market optimism on prices today. Here’s a brief report on the top coins by market cap and their price action today.

Bitcoin Price Today

BTC price gained nearly 4% in the past 24 hours and is now trading near $90,000. The coin’s intraday low and high were $86,256.93 and $93,434.36, respectively. Notably, this 24-hour high also marks a new ATH for the flagship crypto. Further, Bitcoin’s market cap rested at $1.78 trillion today. Intriguingly, BTC’s market dominance saw a 0.3% increase in value to 59.78% today.

Further, Sosovalue data shows that spot BTC ETFs recorded $510.11 million in inflow. The ETFs saw sixth consecutive inflows, aligning with the coin’s rising price movement.

Meanwhile, veteran trader Peter Brandt predicted amid a bullish market that BTC price remains poised for further gains, sparking optimism on future movements.

Ethereum Price Today

ETH price chart conversely indicated a 2% leap in value and is currently trading at $3,239. The coin’s 24-hour low and high were $3,121.67 and $3,337.88, respectively. Ethereum’s market cap was evaluated as $385.58 billion today.

However, the coin faces slight turbulence despite spot ETH ETFs recording strong inflows of $146.9 million on Wednesday. Meanwhile, it’s noteworthy that Bitwise Asset Management, a crypto exchange-traded fund (ETF) issuer, recently acquired Ethereum staking service Attestant, sparking market discussions.

Solana Price Today

The crypto SOL price witnessed a remarkable 8% uptick in value and is now trading at $219. The coin’s 24-hour low and high were $201.47 and $220.34, respectively. Solana’s market cap stood at $103.35 billion today. In light of the token’s relisting on Robinhood, an optimistic market wave appears to have engulfed the crypto recently.

XRP Price Today

Simultaneously, XRP price witnessed gains worth 4% intraday and is now resting at $0.6961. The coin’s 24-hour low and high were $0.6426 and $0.7435, respectively. XRP’s market cap reached $39.59 billion today. Further, a recent XRP price analysis by CoinGape suggests that a potential rally to $1.5 looms amid a bullish crypto market.

Meme Coins Performance Today

Dogecoin (DOGE) price witnessed gains worth 8% intraday and is now trading at $0.3863. Further, even Shiba Inu (SHIB) soared 3% to $0.00002534. Meanwhile, PEPE, WIF, and BONK surged 14%-77% over the past day, solidifying investor optimism over the coins’ prices today.

Top Cryptocurrency Gainer Prices Today

Peanut The Squirrel

PNUT price soared 170% in the past 24 hours, reaching $2.20. The coin’s intraday low and high were $0.7716 and $2.47, respectively. Notably, the meme token soars phenomenally following Elon Musk’s support for Peanut the Squirrel to the crypto on X.

Pepe Coin

Simultaneously, PEPE price rocketed 77% over the past 24 hours and is now trading at $0.00002339. The coin’s 24-hour low and high were $0.00001253 and $0.00002524, respectively. The meme coin soared in tandem with its listing on Coinbase recently.

dogwifhat

WIF price upsurged 38% over the past day to reach $4.07. The coin’s 24-hour low and high were $2.89 and $4.68, respectively. Coinbase announced to list WIF token amid huge demand, sparking a rally in the token.

Top Cryptocurrency Loser Prices Today

Cronos

CRO price tanked 15% in the past 24 hours and is now sitting at $0.1526. The coin’s 24-hour low and high were $0.1519 and $0.1837, respectively.

Kaspa

KAS price cracked 6% intraday to rest at $0.1273. The coin’s 24-hour low and high were $0.1244 and $0.136, respectively.

Stellar

XLM price waned 5% over the past day to reach $0.1234. Its intraday low and high were $0.1211 and $0.133, respectively.

Besides, the hourly time frame charts indicated that BTC slipped 0.10% while ETH jumped 0.88%, sparking contrasting speculations over cryptocurrency prices today. Nevertheless, market watchers remain bullish as Q4 sees a highly optimistic market post-Trump’s win in the U.S. elections.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple Provided The Blueprint To Defeat Gary Gensler

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2 hours ago

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November 23, 2024

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Stuart Alderoty, the Chief Legal Officer of Ripple Labs Inc has spotlighted the firm’s role in fighting the crypto crackdown initiated by Gary Gensler as Chairman of the US Securities and Exchange Commission (SEC). With a legal battle spanning approximately four years, Alderoty send appreciation to the key stakeholders in the regulatory fight

In his post on X, Stuart Alderoty noted that though victory has a thousand fathers, some personalities played major roles. He spotlighted the company’s CEO, Brad Garlinghouse, as a leader who provided the courage the team needed to go on.

He also hinted at the role many in the firm’s legal department played as key in paving the way for the success achieved thus far. To the Ripple CLO, most of the core contributors in-house are nameless and do not seek “Twitter spotlight.”

Ultimately, he believes that Ripple provided the blueprint to “defeat Gary Gensler’s inexplicable war on crypto.” He reiterated that the team kept the door open long enough for the crypto industry to survive the regulatory crackdowns.

Ultimately, he mentioned the role played by the XRP Army. Alderoty thanks the community for their faith and support in the project overall.

The Gary Gensler Defeat in Context

There are a number of interpretations to the defeat implied by the Ripple CLO. Beyond the undisputed verdict that XRP is not in itself a security, Gary Gensler’s resignation date is now set at January 20, 2025.

This resignation came following the Kamala Harris defeat by Donald Trump in the just-concluded US Presidential election.

As many industry leaders noted, the crypto voters played a role in determining the outcome of the election. Many supported Donald Trump drawing on his promises to end the war on crypto.

Thus far, the signs of change are visible with his appointments. He picked Tether advocate Howard Lutnick as Commerce Sec, Scott Bessent as Treasury Secretary with Gary Gensler’s replacement yet to be unveiled.

While the next steps in the XRP lawsuit appeal are well defined, it remains to be seen if the next US SEC Chairman will revoke the appeal in the Ripple Lawsuit. In all, the community has counted a win with Trump in charge.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Will Polkadot Price Continue To Rally Following 100% Surge?

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5 hours ago

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November 23, 2024

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Polkadot Price Breaks $8 Resistance: Is a Rally to $10 Next?

Amid the current crypto rally, Polkadot price surged 111% over the past 30 days, marking an impressive recovery. This includes a 40% daily jump, bringing DOT back above $8. The market has experienced heightened trading activity and stronger bullish pressure, driving the recent upward momentum. At the time of writing, the $8 mark, which was a resistance level, is now a support zone.

On the monthly chart, Polkadot price is moving toward a key horizontal resistance level near $10, which also represents a critical psychological barrier. Historically, the $10 zone has acted as both support and resistance during various market cycles. Therefore,  a successful breach could pave the way for a rally toward the $12.60 level.

Polkadot (DOT)Polkadot (DOT)
Source: X

Moreover, top technical indicators reveal a bullish outlook. The Relative Strength Index (RSI) has entered the overbought zone on the daily chart, reflecting increased buying pressure. This suggests that the market is favoring continued upward movement. However, traders remain cautious of a potential correction, as overbought conditions often precede short-term retracements.

Source: TradingView

Additionally, Polkadot (DOT) MACD indicator shows a strong bullish crossover, with the MACD line moving significantly above the signal line, indicating heightened bullish momentum. The rising histogram bars further confirm increasing buying pressure, suggesting that the uptrend could continue. 

Will Price Reclaim the $10 Level?

Despite this rally, a bearish reversal could lead to a retest of the $6.57 support level, with stronger downward pressure driving the Polkadot price back to its critical floor of $5. More so, analyst Rekt Capital emphasized the importance of closing the month above $8.61 to sustain the crypto rally.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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SHIB Lead Shytoshi Kusama Hints At TREAT Token Launch

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11 hours ago

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November 23, 2024

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Shiba Inu lead Shytoshi Kusama has announced the launch of the TREAT token, a major addition to the SHIB ecosystem. Originally envisioned by SHIB’s creator, Ryoshi, Treat is designed to replace BONE as ShibSwap’s reward token and provide liquidity for SHIB, the ecosystem’s stablecoin.

Beyond these functions, TREAT aims to enhance governance and trust within the Shiba Inu ecosystem. This development reflects the community’s commitment to advancing decentralized finance (DeFi) capabilities and strengthening SHIB’s position in the crypto space.

TREAT Token to Strengthen Ecosystem with Kusama’s Vision

Shytoshi Kusama, the developer driving the Shiba Inu ecosystem, hinted at the anticipated launch of the TREAT token, exciting the SHIB community. The announcement marked Treat as a transformative addition to the ecosystem, with Kusama emphasizing its role in advancing Shiba Inu’s mission to improve trust, governance, and utility in decentralized finance (DeFi), on November 23.

In response to a recent reported incident where live streamer Jack Doherty scammed his followers with a fraudulent meme coin, Kusama highlighted the importance of accountability. He revealed that Shiba Inu’s ecosystem would incorporate “Karma and Reputation” systems, with TREAT powering these mechanisms. These systems aim to foster a trustworthy environment by rewarding positive contributions and discouraging scams, potentially solving trust issues in the crypto space.

While the token has yet to launch, the community eagerly awaits its arrival. Once live, Treat is expected to replace BONE as ShibSwap’s reward token. It will also provide liquidity for SHI and support governance within the Shiba Inu ecosystem.

Shiba Inu Rallies Amid Soaring Market Optimism

Analysts predict that Shiba Inu (SHIB) could double in price, following a growth pattern like Dogecoin. With increasing interest in meme coins, SHIB is gaining traction and could mirror Dogecoin’s success. Besides, it also comes as SHIB burn rate noted a major spike today, sparking market optimism.

Currently, SHIB price trades at $0.0000273, up by 10% in the last 24 hours. The coin has surged 55% over the past week, showing strong market momentum. Its 24-hour low and high are $0.00002437 and $0.00002794, respectively. SHIB maintains a market cap of $16 billion, with a 24-hour trading volume of $3.36 billion, demonstrating robust investor confidence.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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