Shiba Inu's Layer 2 scaling solution, Shibarium, is rapidly gaining traction, and it's now on the verge of hitting a significant transaction milestone. Over the past few weeks, Shibarium has seen remarkable growth, with daily transaction counts averaging 4 million.

Cardano (ADA) has emerged as one of the biggest winners in the cryptocurrency market today, with its price soaring by a remarkable 16%. As of November 8, 2024, ADA has reached a 14-week high, briefly surpassing the $0.44 mark before stabilizing at around $0.43.

BNB's market cap rose by more than $5 billion in 24 hours to touch $91 billion.

In a recent interview, Anatoly Yakovenko, Solana's founder, spoke to the unique position this ecosystem holds in the blockchain landscape, using its implementation against L2 scaling solutions and other Layer 1 blockchain systems. Previously he raised questions about the vitality of the Ethereum ecosystem without the contributions from Base, a Layer 2 solution.

The world's second-largest cryptocurrency by market cap, ethereum (ETH), has broken back over the $3,000 level this week for the first time since late July. Ethereum's Meteoric Rise to $3,000 Ethereum's momentum kicked in after bitcoin (BTC) surged to a fresh all-time high, reaching the $3,000 mark on Nov. 8.

According to data from Shibburn, on November 9, the burn rate of Shiba Inu showed a 1323.66% increase, resulting from the destruction of 34.91 million tokens. As a result of this significant rise in the burn rate, the total supply of the meme token has decreased to 589.26 trillion SHIB. 110.

Peter Brandt, a veteran trader with decades of experience in the financial markets, is bullish on Bitcoin's future. In a recent post to his 746,100 followers on the social media platform X (formerly Twitter), Brandt expressed his optimism, suggesting that Bitcoin (BTC) is now in the “sweet spot” of its bull market halving cycle.

Technical analysis revealed that a surge beyond $0.457 is only a matter of time for ADA.

The price of Cardano (ADA) is taking a breather at the moment, a correction that becomes imminent after a period of epic rally. While the coin remains in the spotligh as one of the best performers in the past week, it's future growth outlook has sparked a new bout of analysis.

Cardano (ADA) is seeing a strong upward trend in the cryptocurrency market, making it one of the top-performing digital assets recently. The price of ADA has climbed more than 30% since November 5, marking an impressive recovery after weeks of relatively flat performance.

Parfin's Ethereum Layer-2 chain, Rayls, was recently featured in JP Morgan's blockchain-focused business unit's Project EPIC, highlighting the network's secure and compliant identity solutions to address privacy needs in regulated financial markets.

Amid the ongoing bull run, recent data revealed that whales are now stepping into Avalanche (AVAX), indicating a potentially bullish signal. Currently, most cryptocurrencies are experiencing bullish breakouts, and with recent whale participation, it appears that AVAX may follow suit.

Ethereum has seen a significant uptick in buying pressure near the $2.4K support level, driving an impulsive price surge and reclaiming several key resistance regions. This action is signaling a potential shift towards a bullish market sentiment, with higher price levels expected in the mid-term.

FET is at a pivotal juncture, where a shift in derivative market sentiment could catalyze a breakout.

Crypto analyst Babenski predicted the Cardano price would enjoy a parabolic rally above $5 and revealed when this could happen. This comes amid ADA's recent rally, which could mark the beginning of its bull run, having underperformed for most of the year.

Dog-themed cryptocurrency Shiba Inu (SHIB) has recently seen an increase in large transaction volumes, with a total of 6.47 trillion SHIB tokens or $123.18 million being transacted in the last 24 hours.

The SEC has delayed its decision on allowing options tied to spot Ethereum ETFs to be listed on the NYSE American exchange. The post Spot Ethereum ETF Options Decision Delayed by SEC Ahead of Nov. 11 Deadline appeared first on Cryptonews.

This week in crypto, BeInCrypto unpacks everything from Donald Trump's historic election, its impacts on Bitcoin and SEC Chair Gary Gensler, to new XRP ETF applications amidst institutional support, and a major new upgrade for Cardano.

Following Donald Trump's victory in the US presidential election on November 5, Ethereum (ETH), alongside the general cryptocurrency market, has experienced notable price gains. In particular, the second-largest cryptocurrency has witnessed its value increase by 24.31% in the past four days as it approaches a crucial $3,000 resistance zone.

As of Friday's latest data, spot bitcoin and ether ETFs once again recorded positive inflows, capping off a groundbreaking week in the market. $293M in Bitcoin, $85M in Ether Inflows on Friday In the U.S., spot bitcoin ETFs pulled in $293.47 million in inflows on Friday alone.

Ethereum (ETH), the second-largest cryptocurrency by market value, has just surpassed $3,000. According to CoinMarketCap, Ethereum reached a high of $3,050.

Ethereum's resilience was underlined by its price action, sentiment surge, and treasury tokenization.

Shiba Inu (SHIB) might be gearing up for a notable leg-up thanks to the formation of a bullish pennant consolidation.

As Solana continues to make significant strides in the crypto scene, SOL is elbowing notable rivals in various spheres.

In massive transactions, a whopping 1.6 trillion Shiba Inu (SHIB) tokens have recently been transferred to the major U.S. crypto exchange Coinbase. According to blockchain data tracker Whale Alert, three major transactions were responsible for this massive move.

Spot Ethereum exchange-traded funds recorded their highest-ever weekly inflows as the flagship altcoin shot past the $3,000 mark for the first time since August. According to SoSovalue data, $154.

Ethereum (ETH) recorded its largest three-day gain of 2024, as it surged 21% after Trump won the U.S. presidential elections. Despite institutions actively accumulating Bitcoin through spot Bitcoin ETFs, sentiment towards Ethereum has been mixed.

Ethereum's Vitalik Buterin proposes “info finance” as a pioneering framework to harness blockchain and AI for factual insights.

By recording 5 consecutive days of positive price action, the Avalanche price is on the verge of achieving the $30 mark. Notably, the 12th largest cryptocurrency by market cap has added ~20% this week, making this the first such bullish week since August.

The Ethereum Foundation (EF) has recently revealed the status of its vast crypto holdings, disclosing a total of $970.2 million in assets. Of this, a staggering $788.7 million – or 99.45% – is held in Ethereum's native cryptocurrency, Ether (ETH).

Dog-themed Shiba Inu (SHIB) has recorded a spike in burn rate as the meZXcoin battles to breach key price resistance levels. In the last 24 hours, the burn rate has skyrocketed by a staggering 1,323%.

Analyst Benjamin Cowen recently shared his thoughts on the potential future of ETH and BTC, suggesting that while he doesn't expect a drastic price drop, there's still a chance for more downturns before things turn around.

The price of Cardano (ADA) has started an uptrend by breaking through the overhead resistance at $0.40.

Commission-free trading app Robinhood Crypto EU on Saturday expands support for meme coin Shiba Inu coin on crypto transfers. The trading app also announced a 1% bonus for users who deposit their tokens from other crypto exchanges.

Ethereum, the second largest cryptocurrency by market capitalization, surpassed the $3,000 mark in today's trading session, capping three days of gains.

Macro guru and Real Vision CEO Raoul Pal is saying that Solana (SOL) is likely to outperform Ethereum (ETH) this cycle but that one altcoin could potentially do even better.

The cryptocurrency market is set for increased volatility today as nearly $4.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options contracts expire. This significant event follows closely behind major developments in the United States, including the outcome of the US elections and the Federal Open Market Committee (FOMC) meeting.

BNB, the native cryptocurrency of the Binance exchange, is continuing to maintain a solid footing above the $590 mark, ignite interest from traders who are closely monitoring key support and resistance levels. Although BNB has shown resilience in recent weeks, technical indicators are offering a mix of bullish and bearish signals, leaving traders wondering which way the market will move next.

The United States Securities and Exchange Commission (SEC) has delayed several issuers' decisions to list Options on spot Ethereum ETF products. As spotlighted by ETF Store President Nate Geraci, the markets regulator pronounced the delay on Options targeted at Bitwise, Grayscale Ethereum Trust, Grayscale Ethereum Mini Trust and other trusts that want a related allowance.

An ETH initial coin offering whale has begun liquidating their ETH assets held for 8 years. According to on-chain data flagged by Onchain Lens.

Cardano founder Charles Hoskinson recently returned to social media with a compelling message that outlines his vision for Cardano and its potential.

Spot Ethereum ETFs in the U.S. just recorded their largest inflows in six weeks fueled by Donald Trump's election win and a recent Fed rate cut. On November 8, these nine spot ETFs received a net inflow of $85.9 million. This marks a renewed interest in Ether ETFs, reversing weeks of outflows.

This week, the cryptocurrency market saw a notable surge following a strong Republican victory in the U.S. elections, with Donald Trump securing a second term. Bitcoin (BTC) reached a fresh all-time high, climbing above $77,000 on Friday as renewed optimism flooded the market.

Fetch.ai (FET), the AI-driven blockchain platform, is attracting significant attention as it gears up for a potential rally. The token has displayed strong bullish signals, suggesting it could rise by 25% to reach the $1.80 mark.

Will Ethereum finally break $3k or is Bitcoin too dominant?

This week, we examine Ethereum, Ripple, Cardano, Solana, and Dogecoin in greater detail. Ethereum (ETH) Ethereum concludes a strong week with an impressive 21% price increase which brings it above $3,000.

Ethereum may be underperforming this year, but it has several strong catalysts that position it for long-term gains.

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