Tron’s Founder Eats Most Expensive Banana

Posted on November 30, 2024November 30, 2024 by Olumide Adesina

Cryptocurrency entrepreneur Justin Sun, who founded the Tron blockchain, has shocked the world by keeping his pledge to eat a banana from Maurizio Cattelan Comedian, the notorious $6.02 million piece of art he purchased at auction.

A certificate of authenticity and instructions on handling the banana based artwork were given to him. Sun compared crypto assets to conceptual art before he ate the banana. Two Solana meme coins based on the $6.2 million artwork had already been created at that time.

According to the BBC, the artwork, a banana duct taped to a wall, has garnered international attention since it was first up in 2019. At a press conference in Hong Kong, Sun joked, “It’s much better than other bananas,” making fun of the ridiculousness of shelling out millions of dollars for an artwork that is ultimately a work of art. Sun, who outbid six other bidders to obtain the installation, clarified that eating the banana was more than a stunt. He said, “Eating it at a press conference can also become a part of the artwork’s history,” and after being eaten, the banana has gained additional significance.

Justin Sun also stated that Comedian was more than just a provocative piece because it draws a comparison between cryptocurrencies and conceptual art. He clarified in his speech that “these works often exist as ideas or intellectual properties, rather than as physical objects.“. This relationship between technology and artistic production is a reflection of the core values of his blockchain-focused company, Tron.

Attendees took home a roll of grey tape and a banana as mementos as a tribute to the original installation.

Sun announced on Monday that it would invest $30 million in the World Liberty Financial (WLFI) project, supported by the Trump family, by purchasing the WLFI governance token. The project is anticipated to begin as an Ethereum-based cryptocurrency lending and borrowing service.

Bitstamp Lists Solana and PEPE

Posted on November 30, 2024 by Olumide Adesina

Solana and PEPE are now supported for US users on Bitstamp, one of the oldest exchanges in the cryptocurrency space. Bitstamp is registered with the New York State Department of Financial Service as a money transmitter and a virtual currency business activity.

The crypto exchange will provide trading pairs against the euro and the US dollar. The exchange reports that traders can now access spot trading pairs for SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR.

Solana is a well-known layer-1 blockchain that supports smart contracts and is currently ranked among the top 10 cryptocurrencies by market capitalization. The blockchain network is home to a vast ecosystem of projects spanning non-fungible token markets, gaming, decentralized finance, and even coins.

The native token SOL hit a new all-time high above $263 with a value increase of over 300 percent over the previous year. Pepe is an Ethereum meme coin whose value has increased dramatically over the last few months due to a general market upswing.

Many cryptocurrency exchanges now feel free to list any cryptocurrency they want after Donald Trump won the US presidential election in 2024 with a landslide victory and the possibility of a change in leadership at the US regulator SEC.

The 47th President of the United States has pledged to end the “war against cryptocurrencies” spearheaded by Joe Biden’s administration, which has sued numerous cryptocurrency startups in recent years.

XRP On Blue Flame, Runs Past BNB, March To $2

Posted on November 30, 2024November 30, 2024 by Olumide Adesina

XRP overtakes BNB as the fifth-largest cryptocurrency, with a market valuation of over $105 billion with a 250 percent increase in November. The market activity of the altcoin has been greatly impacted by Ripple’s protracted legal dispute with the SEC. Ripple’s XRP is the top-performing major cryptocurrency, up nearly 23% within a day and about 25% in the past week

Price Action

The RSI indicator, which has been in overbought territory for the past month suggests that the bias may weaken. The $1.60 and $1.40 thresholds will be the first possible supports if a correction takes place, followed by a zone at $1.20 that is graphically far more significant.

A decline below this level would be a bearish indication that might place the $1 zone right in line with higher prices.

The $1.88 level and the high from last week, at $1.63, combine to create an immediate resistance zone on the upside. The psychological $2 level should soon catch traders’ attention as they move higher. Finally, considering the next big rally, it might be more tactically prudent to hold off on buying XRP until it moderates so buyers can position themselves at a better price.

The asset is already outperforming the 2021 bull market, and the increase may last for a few more months. BNB has been overtaken by Ripple’s XRP, which now ranks fifth in market capitalization. On Saturday, XRP’s market capitalization hit $107 billion, the highest level in three years.

Fundamentals healthy

XRP is at the top of the list to gain from Trump’s promised more flexible regulation of cryptocurrencies, investors are indeed hoping that other ETFs will be able to launch after those of BTC and ETH earlier this year. It is also important to remember that the US SEC and Ripple are still involved in a lawsuit and that there is hope for a friendly settlement or even the US regulator dropping the case given Gary Gensler’s recent pledge to step down the day Trump takes office.

Most of the main cryptocurrencies have stalled and are having difficulty reviving as strongly as they once did. All of them, except XRP, are outperforming Bitcoin, Ethereum, and Solana and is made a big comeback last month

Although there are numerous explanations for XRP’s recent surge, it is undeniable that the asset is experiencing strong bullish momentum. XRP has recovered its reputation as a reliable asset and bullish token amid high buying power

The token’s price has undoubtedly increased due to Gary Gensler’s departure from the SEC, which will take effect on January 20. With an even more optimistic outlook, XRP may soon have its own ETF in the US. The SEC will no longer be an enemy of Ripple Dot. The number of requests for an XRP ETF has increased in recent weeks. Under Joe Biden, these appeared unattainable, but Donald Trump’s electoral victory brought everything back to life.

Cardano Projects Bitcoin Hitting $500,0000

Posted on November 29, 2024November 29, 2024 by Olumide Adesina

Cardano’s founder believes that Bitcoin, the largest cryptocurrency in the world by market valuation, will surpass the next target price of $100,000, which has risen 35 percent in just one month. Cardano’s founder Charles Hoskinson stated that Bitcoin will hit the $250,000 price target in two years.

According to him, the target price is the lowest goal to reach, while the highest goal is $500,000. in line with Hoskinson’s live YouTube video from November. 27.

He pointed out several factors that would raise Bitcoin’s price in the future, such as the large influx of investors into the cryptocurrency market and the institutional interest in the cryptocurrency in recent days.

“Given the inflow of investments and the high level of interest that has been attained, I believe that Bitcoin will reach a quarter-million dollar value within the next 12 to 24 months,” Hoskinson stated.

He stated that Bitcoin, as an online value store, will continue to be helpful for decentralized finance (DeFi) in the future. , the DeFi mode, referred to as the new DeFi capabilities may introduce Bitcoin through the Cardano network for Bitcoin holders to engage with the DeFi ecosystem

Cardano, has risen 200 percent in the last month and, reached $1 for the first time since 2021.. The market is also considering the potential for a Cardano spot ETF, given that several cryptocurrencies, such as Ethereum and Bitcoin, already have crypto product versions. ADA predicted that if the asset management submitted the ETF version to the Securities and Exchange Commission (SEC), the market would be bullish.

American Court Expedites XRP Final Judgement

Posted on November 29, 2024 by Olumide Adesina

Ripple reached a major turning point in its protracted legal battle in the world’s largest economy. An American court granted its request to expedite the XRP lawsuit’s final judgment. This ruling is a significant step in resolving a case that has plagued Ripple and its native token, XRP, for many years.

The most recent court decision has paved the way for a speedier resolution by revising an earlier ruling. Court documents show that since most of the class claims had already been settled, Ripple and the plaintiffs agreed there was no need for additional delays.

Additionally, the court granted Ripple’s request for an amended judgment to resolve any remaining doubts regarding the case’s finality. One relief claim against Ripple is still pending until the appeals process is finished.

Both parties intend to submit a motion to lift the stay Within 30 days of the appeals being decided. Ripple has demonstrated the substantial work that went into its defense by providing thorough records of its litigation expenses in the interim.

The financial watchdog took a tough enforcement stance against digital assets under Gary Gensler. Many enforcement actions have been taken against industry participants because of the SEC’s template designating different digital assets as securities.

Ripple is still hopeful, viewing these victories as a solid foundation for expansion. The XRP lawsuit’s quicker verdict demonstrates Ripple’s development and may have an impact on other cases involving the crypto industry

The future of the market is significantly influenced by the possible effects of Donald Trump’s election victory. Trump’s SEC would probably approach cryptocurrency regulation very differently, according to industry experts. The new administration may likely change the regulatory environment, resulting in less enforcement activity and more crypto-friendly laws.

Whales Move 44 million XRP, Jumps To $1.54

Posted on November 29, 2024November 29, 2024 by Olumide Adesina

XRP tokens were transferred from well-known exchanges to unidentified wallets amid high buying pressure in the Ripple-based token.

Two significant XRP transactions totaling roughly 44 million XRP as seen on WhaleAlert. 18.7 million units of XRP, were transferred from Binance to an unidentified wallet in the most recent transaction.

In addition, a transfer of 25 million XRP, was made from Upbit to an unidentified wallet. These transfers adhere to an increasing pattern of XRP whale activity, which may signal an impending XRP price peak. Institutional investors are gathering tokens for long-term holdings via exchanges to unidentified wallets.

Santiment’s on-chain data demonstrates that holders of XRP booked profits this week to profit from the recent highs of the token. If investors are taking profits and selling their tokens, these cryptocurrency profits demonstrate it. They experienced notable increases this week, culminating in a cumulative peak of $1.09 billion, the highest since the beginning of 2021.

Interestingly, the most recent one was for XRP in May 2021, which also happened to be the peak of XRP’s price. XRP jumped to $1.54 after reaching a three-year high of $1.63 last week.

The Ripple token has increased by 180% this month, surpassing a significant dynamic resistance level that only existed four years ago. Additionally, from a technical analysis standpoint, XRP may likely gain more upsides because of the golden cross forming on the cryptocurrency’s weekly chart.

Ripple recently received a significant boost—a U. S. court granted its request to expedite the XRP lawsuit’s final ruling. The case, which has been dragging on for years, may now be resolved sooner rather than later with SEC Chair Gary Gensler resigning in January.

Dax 40 Led European Stock Markets Higher, BTC Price Falls Below $95K

Posted on November 28, 2024 by Skerdian Meta

Today European stock markets ended the day higher, with DAX 40 leading the way, while the BTC price retreated lower, losing 3% and falling below the $95,000 level.

Continue reading “Dax 40 Led European Stock Markets Higher, BTC Price Falls Below $95K” →

Forex Signals Brief November 28: Thin Liquidity for Thanksgiving

Posted on November 28, 2024November 27, 2024 by Skerdian Meta

Yesterday we saw a 1 cent retreat in the USD, while today it is expected to be quiet due to Thanksgiving, but don’t rule out the occasional spike as liquidity will be thin.

Continue reading “Forex Signals Brief November 28: Thin Liquidity for Thanksgiving” →

Telegram Game ‘MAJOR’ Set For Thanksgiving Day

Posted on November 28, 2024 by Olumide Adesina

Telegram will launch its token and start airdropping MAJOR to players on Thursday while Americans celebrate Thanksgiving.

Players who fulfilled the requirements to be eligible for the MAJOR token before Thursday’s token generation event at noon UTC,, can now connect a TON wallet. In the past,

Major allowed users to choose which centralized exchange, such as Bitget or OKX, to claim, and they could also choose to have the airdrop go straight to the Telegram Wallet app. With today’s option, more self-custody TON wallets can enter the market. A total of 100 million tokens will be available for MAJOR.

The developers claim that the game has attracted over 30 million players.

Users can earn stars by participating in games, networking, and other engagement-style tasks through the Telegram app. Following successful apps like Notcoin, Hamster Kombat, Catizen, and X Empire, this is the most recent Telegram mini app to garner significant traction due to the promise of a token airdrop to gameplay. Even though these games have attracted tens of millions of players, most of the tokens have significantly decreased in value from their peak values.

The developers revealed information on how they intend to maintain the mini app and its community following the token drops. This includes the introduction of a gaming hub and the capability to mint in-game achievements as NFTs that can affect rankings in other games.

The makers of Major also intend to airdrop one million MAJOR, or one percent of the token supply, to Pavel Durov, the CEO and co-founder of Telegram, who they describe as “the person who has built such an amazing ecosystem,” according to a post.

Solana On Jet Fuel After Dropping To $222 Support Line

Posted on November 28, 2024 by Olumide Adesina

SOL, the native token of Solana, has increased by 8% since dropping to $222 on Wednesday. Some investors are dubious despite this recovery, pointing to the steep decline from the stock’s peak of $264 in November. 23 could indicate a faltering bull run. On-chain and derivatives data, however, price action affirms SOL still shows the bullish trend is still on track

SOL holders concentrate on Solana’s solid fundamentals, even though it can be difficult to determine the precise reason behind the change in investor sentiment. The blockchain consolidated its standing as the second-largest programmable blockchain in user engagement and developer activity. Solana’s total value locked (TVL) increased by 48% in the 30 days preceding November, bolstering this expansion. 27.

SOL futures market shows that traders pay the highest annualized premium in seven months—23 percent—to hold long (buy) positions. Although this indicates optimism, overconfidence can cause this metric to rise above 40%, increasing the possibility of cascading liquidations during unanticipated price corrections. Additional price growth seems likely based on Solana’s on-chain activity and derivatives market data. SOL’s bullish run is still in play as the token is a 73 percent discount to Ethereum’s $429 billion market capitalization of $114 billion.

Ethereum is still the preferred network for decentralized finance (DeFi) opportunities, even though Solana controls meme coin launches and trading., Solana owns Raydium, Jito, and Pump, three of the top five highest-grossing DApps. fun—beating out Lido, Uniswap, and Aave, the top three Ethereum-related metrics.

Ethereum and Solana can expand separately without directly vying for the same user base. But Solana’s dependence on meme coins puts her at risk because the frenzied speculation surrounding tokens like BONK, POPCAT, MEW, and SPX6900—some of which saw a 100 percent increase in value in just three months—may not be long-term viable.