Key Market Insights from November 12th, how much did you miss out on?
1. Trending Topics: SUI, DOGE, Pepe 2. On-chain Fund Flow: $23m into Solana, $42m out of Ethereum 3. Largest Price Swings: $DOGE, $AI16Z, $CETUS 4. Top News: Ethereum to Introduce New Layer 2 Consensus Proposal Beam Chain
Featured News
1. Ethereum May Introduce New Consensus Layer Proposal Beam Chain
3.Polymarket Places 36% Probability on Bitcoin Hitting $105,000 This Month;
4.Matrixport: Bitcoin Funding Rate Surges, Bullish Momentum Accelerates Towards $100,000 Target;
5.Bitcoin Surpasses Silver and Vanguard Total Stock Market ETF, Ranks 8th in Global Asset Market Cap;
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
SUI: SUI took the spotlight on Twitter today as a trending topic, with discussions focusing on its recent price surge and its status as one of the top-performing tokens. Many tweets celebrated SUI hitting an all-time high and entering the top 15 cryptocurrency rankings by market cap. The community expressed optimism about SUI's future, with some comparing its potential to Solana's past success. Discussions also revolved around the development of the SUI ecosystem, including applications and tools built on its network. While some criticisms were raised about its practical use cases, the overall sentiment remained positive, with many users excited about the current price surge and future growth potential.
DOGE: Today, discussions around DOGE mainly focused on its significant market activity and growth potential. Key points included DOGE's recent market cap surge, surpassing XRP, and its integral role in the broader meme coin market, which is nearing an all-time high. Influential figures like Elon Musk continued to show support for DOGE, emphasizing its humor and cultural impact. Additionally, there were speculations about DOGE reaching a new price milestone, with some predicting it could reach $1. Discussions also highlighted DOGE's resilience and its ability to attract retail investors back into the crypto market.
PEPE: Today, the discussion around PEPE is focused on its strong market performance and growth potential. Many tweets express bullish sentiment, highlighting PEPE's resilience and its position as a leading meme coin. Some users speculate that it could hit a new all-time high driven by strong community support and market dynamics. At the same time, there is debate about PEPE's dominant position among meme coins, with some suggesting it could surpass other coins like DOGE and SHIB. Furthermore, the discussion also touches on the potential listing of PEPE on major exchanges like Coinbase, which could further increase its visibility and value.
Threads & Tweets
Some details about the Ethereum Beam Chain:, @nake13
Featured Articles
1. "Unichain Rushed to Launch, Which Projects Can Shine Now?"
BlockBeats
Unichain, a DeFi-focused L2 chain, has launched, and UNI has surged in response. However, the infrastructure is not yet fully developed. For example, the gas fee for a cross-chain transfer is about 0.04 ETH, $130, and the on-chain swap gas fee is also relatively high. Developers later explained in the community that Unichain has not officially launched yet, but in fact, everyone can already see some progress in the ecosystem.
2. "Bull Market Begins, How High Can This Round of BTC Rise?"
WOO X Research
Bitcoin broke out of a six-month consolidation range on 11/6, jumping from $73,000 to $73,000, potentially serving as the bottom support price for this round. The current BTC market cap is $1.6 trillion, overtaking silver last month and ranking as the ninth-largest asset globally. Since the approval of a Bitcoin spot ETF in January this year, Bitcoin is no longer seen as a niche asset but has ascended to a mainstream asset. With the push from Trump's election, Bitcoin has become more visible to the public eye, and its growth potential can now be compared to other mainstream assets.
3. "SOL Market Cap Surpasses One Trillion, Discussing Solana's Momentum and Constraints"
Wenser, Odaily Planet Daily
On November 10, according to CoinMarketCap data, SOL's market cap once exceeded 100 billion USD, surpassing at one point the traditional publicly listed company Vanguard Group, ranking 192nd out of 20,666 assets globally. On the 11th, according to data from the 8marketcap website, SOL's market cap fell to 97.78 billion USD, with a 7-day increase still as high as 27.83%, ranking 199th out of 20,666 assets globally and 4th in cryptocurrency market cap. At the same time, practitioners from various institutions such as Bitwise, Standard Chartered Bank, and Coinbase have all highly praised the future development of the Solana ecosystem.
Top Gainers & Losers
Token price fluctuations on November 12, ranked by trading volume
Top Gainer
1. $DOGE
2. $ai16z
3. $Degen
Top Loser
1. $Hoppy
2. $Cetus
3. $Ray
On-Chain Data
On-chain fund flow on November 12
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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