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BeInCrypto Trading Community

snapshot for November 2024
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27 November 2024
28 November 2024
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📊 New European ETPs 21Shares launches four new crypto ETPs focused on AI and decentralized computing: Pyth Network, Ondo, Render, and NEAR Protocol. NEAR ETP includes staking rewards reinvestment features. Products to trade in Amsterdam and Paris. 💡 Quick Take: Previous ETP launches saw 15-20% price impact on underlying assets within first week. Watch NEAR's staking dynamics for yield potential. Consider exposure to AI-focused products as institutional interest grows. Monitor trading volumes in the first 48 hours for adoption signals. Read all details here 👈 @beincryptocommunity
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🇨🇳 Chinese Company SOS Buys $50 Million Bitcoin, Stock Jumps 100% Chart: SOS Limited Stock Price on Wednesday, November 27. Source: TradingView Chinese data mining firm SOS Limited invests $50M in Bitcoin, stock surges 100%. Follows MicroStrategy's $5.4B purchase and Marathon Digital's $1B raise. BTC recovered to $96,000 after a brief dip below $91,000. 💡 Quick Take: Similar corporate purchases historically preceded 10-15% BTC rallies. Watch for copycat moves from other Asian companies. Consider exposure to mining stocks showing correlation with BTC. Monitor $91,000 as crucial support level. Read all details here 👈 @beincryptocommunity
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🪙 Cryptocurrency price check — November 28 📈BTC: $95,582,82 (2.6% — 1d) 📈ETH: $3,596,65 (4.7% — 1d) 📈SOL: $238.66 (3.1% — 1d) 📈BNB: $656.84 (5.9% — 1d) 📈DOGE: $0.4058 (3.2% — 1d) @beincryptocommunity
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📈 Long-Term Bitcoin Holders Start Cashing Out as BTC Rally Cools Off to $93,000 Chart: Bitcoin Active Addresses. Source: Santiment Long-term holder profit output ratio hits 2.86, highest since August. Active addresses drop from 1M to 768K as BTC trades at $93,000. Parabolic SAR indicates potential resistance. 💡 Quick Take: Previous similar profit-taking waves lasted 5-7 days. Watch $84,640 as the key support level if selling continues. Consider hedging positions until active addresses recover. Monitor for bounce at $90,000 psychological level. Check all charts here 👈 @beincryptocommunity
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🆙 Ethereum Name Service (ENS) Soars to New Yearly High of $37.29, Leads Top 100 Gainers Chart: ENS Price Analysis. Source: TradingView ENS surges 37%, hitting a new YTD high of $37.29, driven by a 296% spike in trading volume to $2.35 billion. The token’s open interest rises to $132 million, the highest since July, signaling growing trader conviction in the rally. RSI at 78.06 warns of potential buyer exhaustion, with a possible correction bringing ENS down to $31.57. Check all charts here 👈 @beincryptocommunity
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⚡️ Ethereum (ETH) Price Regains Footing After $3,000 Scare — What Lies Ahead Chart: Ethereum 30-Day MVRV Ratio. Source: Santiment ETH trades at $3,480 after defending $3,000 support. MVRV ratio at 11.89% suggests room for growth before local top. Inverse head-and-shoulders pattern forms on daily charts. 💡 Quick Take: Historical MVRV tops at 18-22% suggest potential upside to $4,000. Watch Mean Dollar Invested Age for accumulation signals. Consider entry positions with stop-loss at $3,206. Monitor $4,000 psychological level for resistance. Check all charts here 👈 @beincryptocommunity
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🤖 Bittensor (TAO) Price Surges 10%, Strengthening Its Lead as the Top AI Coin Chart: TAO Price Analysis. Source: TradingView Bittensor surges 10% to strengthen $4.2B market cap leadership in the AI sector. RSI rises to 65 from 49, showing momentum. Ichimoku Cloud confirms strong uptrend. 💡 Quick Take: Watch $625 resistance level for breakout confirmation. Previous runs peaked with RSI at 72-75. Consider profit-taking if approaching these levels. Monitor $510 and $487 as critical support zones. Check all charts here 👈 @beincryptocommunity
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ANALYSIS: 5 DePIN Altcoins to Watch in December 2024 ✔️ Filecoin (FIL) ✔️ Arweave (AR) ✔️ Grass (GRASS) ✔️ io net (IO) ✔️ NetMind Token (NMT) Check all charts here 👈 ✍️ DePIN (Decentralized Physical Infrastructure Network) is a type of altcoin that supports networks where people can share physical resources, like internet bandwidth or storage, and get rewarded with tokens. @beincryptocommunity
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29 November 2024
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🪙 Cryptocurrency price check — November 29 📈BTC: $96,239,94 (0.7% — 1d) 📉ETH: $3,564,22 (-0.8% — 1d) 📈SOL: $240.67 (0.9% — 1d) 📉BNB: $653.74 (-0.3% — 1d) 📉DOGE: $0.4043 (-0.3% — 1d) @beincryptocommunity
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📊 ANALYSIS: Why Is the Crypto Market Up Today? Chart: Total Crypto Market Cap Analysis. Source: TradingView The cryptocurrency market has risen by 1% in the past 24 hours, with Bitcoin (BTC) also seeing a 1% increase. Algorand (ALGO) has surged by 18%, reaching a two-year high of $0.35. Upcoming India Summit may fuel further interest. Binance faces a whistleblower lawsuit, and Vancouver's Mayor proposes creating a Bitcoin reserve. Get all details here 👈 @beincryptocommunity
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🆙 Why These Altcoins Are Trending Today — November 29 For weeks, altcoins have hinted at a potential breakout, with signs they may soon outperform Bitcoin (BTC), which has dominated the market for most of the year. However, not all the most talked-about altcoins trending today have seen price gains in the last 24 hours. 1️⃣ Hyperliquid (HYPE) 2️⃣ Virtuals Protocol (VIRTUAL) 3️⃣ Vector Smart Gas (VSG) Read altcoins analysis here 👈 @beincryptocommunity
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30 November 2024
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