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GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking
GOAT Price Shows Weakening Momentum After Reaching Top 10 Meme Coins Ranking

GOAT surged 214% this month, breaking $1B in market cap. However, weakening indicators suggest its bullish rally may face challenges.

BeInCrypto·2024/11/21 08:30
ETH-to-BTC price ratio drops to lowest since March 2021 as bitcoin surpasses $97,700
ETH-to-BTC price ratio drops to lowest since March 2021 as bitcoin surpasses $97,700

The ether-to-bitcoin price ratio dropped to 0.032, a level last seen in March 2021.Bitcoin has been rewriting record-high prices, currently trading at around $97,770.Ether has been underperforming amid the rise of Bitcoin and Solana this year.

The Block·2024/11/21 06:44
Flash
  • 08:25
    Meme project Cheems announced the destruction of all official LP tokens, with a total value of over US$3.6 million
    On October 16, according to an official announcement, the BSC ecosystem meme project Cheems decided to destroy all official LP tokens with a total value of over US$3.6 million and give up ownership of the liquidity pool.
  • 07:39
    Trader Eugene: Ethena's recent development has exceeded expectations, and the target price of ENA has been raised
    Trader Eugene said on X platform that USDe is currently in circulation at 3.7 billion after adding 1.2 billion in circulation in the past 6 weeks. sUSDe's yield has ranged from 10% to 25% in the past 6 weeks, and Deribit accepts USDe as stablecoin collateral. Ethena's fee conversion proposal was also approved, and these fee conversions guarantee that sENA holders are the main beneficiaries of the success of the protocol. These developments exceed expectations for ENA 2 months ago and have adjusted ENA's target price higher.
  • 07:12
    VanEck: Reiterates Bitcoin's $180,000 target price remains unchanged
    Asset management giant VanEck's latest report reiterated that it will continue to maintain the price target of Bitcoin at $180,000 in this cycle, and said that from the perspective of key indicators, this round of rebound seems to have just begun. It is reported that VanEck analyzed three key indicators: funding rate, relative unrealized profit (RUP) and retail interest trend. It pointed out: 1. The perpetual futures funding rate has been above 10% since November 12, indicating that the bullish momentum has increased; 2. In addition, the current 30-day moving average relative unrealized profit level is about 0.54, which usually indicates that the market will reach a peak in a longer period of time; 3. The search term heat is only 34% of the high point in May 2021, indicating that the speculative frenzy has not yet spread, and the re-engagement of retail investors will give Bitcoin room for further increases.
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