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A widely-used technical analysis indicator suggests that Bitcoin could double its price within three months.
Quick Take The supply of ether that has been moved in the past one year, three years, and five years is currently at its lowest recorded level, according to The Block’s data. However, Ethereum saw an uptick of new addresses in March, the best month for new addresses since November 2021.
Plus, a van Eck releases a stablecoin and Paradigm looks to raise another megafund
Arkham revealed that Cathie Wood’s ARK Invest “accidentally” owns a Bitcoin Puppet worth $15,000.
Somewhat expectedly, BTC’s gains after each halving have been slowing down, but there’s more to the story.
- 12:20Analyst: The US holiday season before the end of the year may push BTC to rise to a range of 110,000 to 120,000 dollars21Shares' crypto research strategist Matt Mena pointed out that the next key support level below $90,000 is $87,000. Standard Chartered Bank predicts that Bitcoin may rebound after falling to this level. Matt Mena expects Bitcoin to bounce back by the end of the year because the US holiday season could push Bitcoin up to a range of $110,000 to $120,000. "During holiday gatherings, investors often share their enthusiasm for Bitcoin and cryptocurrencies with family and friends, discuss their returns and show profit and loss situations... This can stimulate curiosity and interest, attracting new investors into this field. We have seen this happen many times in recent years." (businessinsider)
- 11:01Line plans to launch 30 mini Dapp based on blockchainJapanese social media giant Line plans to launch 30 mini Dapps (decentralized applications) based on blockchain in early next year, covering games, social networking, DeFi and AI chat functions. It also plans to expand the total number to 150 by the end of the first quarter. This move aims to provide its 196 million active users with more blockchain services, drawing on Telegram's successful experience in Web3 games. Line has previously ventured into NFTs but failed to popularize due to user experience and interface design issues. This time it will make a new effort through blockchain games and practical features.
- 10:58Dogecoin's market value surpasses PorscheNews from November 27th, supported by Musk and the potential launch of exchange-traded products (ETP), Dogecoin's market value has surpassed that of car manufacturer Porsche. According to data from Cointelegraph, as of 8:34 am on November 27th (UTC time), DOGE's market value has risen more than 175% in the past month, reaching over $57.8 billion, surpassing Porsche's market value of $56.1 billion.
