MELEGA

<p>This week, the Bitcoin price fell to almost $90,000 as selling pressures prevented the flagship crypto from hitting the critically important $100k level. It has decreased by 1.56% over the past week and is currently trading at $97,108.</p><p>Bitcoin&#39;s dominance in the market is sending strong signals to altcoin investors. Smaller cryptocurrencies like Solana, Ethereum, and <a href="https://coinmarketcap.com/currencies/melega/" rel="noopener noreferrer nofollow">Melega (MARCO)</a> might see a surge in December as more investments flow in before January 20.</p><p>Bitcoin dominance, which shows Bitcoin&#39;s value compared to the total crypto market, has fallen to 56.1%, dipping below its two-year support level. This indicates that the market is now in altseason.</p><p>Early 2025 might be an exciting time for the altcoin ecosystem. Follow along to read our top 6 latest news and key developments in the cryptocurrency market!</p><p>For transparent and decentralized crypto trading and to list your crypto token for free, <a href="https://melega.finance/" rel="noopener noreferrer nofollow">visit our website</a> and follow Melega Finance (<a href="https://x.com/meleganews" rel="noopener noreferrer nofollow">&#64;meleganews</a>) on X for more on all things cryptocurrency.</p><h2 id="header-0">TOP CRYPTO NEWS RECAP (November 24 - 30, 2024)</h2><p>● Charles Hoskinson Predicts Bitcoin Price Surge</p><p>● Ripple’s RLUSD Stablecoin Set for Approval</p><p>● Bitcoin CME Futures Hit $100K, Spot Price Lags Behind</p><p>● Bitwise Files for 10 Crypto Index Fund ETF with SEC</p><p>● Solana Memecoin Trader Turns $160 into $5.6M</p><p>● Dogecoin Surpasses Porsche Market Cap, Analysts Predict 1,000% Price Surge</p><h3 id="charles-hoskinson-predicts-bitcoin-price-surge">Charles Hoskinson Predicts Bitcoin Price Surge</h3><p>Cardano founder Charles Hoskinson has made a <a href="https://www.youtube.com/watch?v&#61;1qh7PlT2tq4" rel="noopener noreferrer nofollow">bold prediction for Bitcoin</a>, forecasting its price will rise to between $250,000 and $500,000 within the next 12 to 24 months. He attributes this growth to increased investment and the expansion of decentralized finance (DeFi) within the Bitcoin ecosystem. Hoskinson believes Bitcoin’s role as a store of value on the internet will strengthen, especially with the integration of DeFi through new bridges, such as Cardano’s network. This, he argues, will outpace all other DeFi ecosystems in the cryptocurrency space.</p><h3 id="ripple-s-rlusd-stablecoin-set-for-approval">Ripple’s RLUSD Stablecoin Set for Approval</h3><p>The New York Department of Financial Services (NYDFS) is <a href="https://www.foxbusiness.com/markets/ripple-poised-new-york-approval-stablecoin-set-enter-regulated-us-crypto-market" rel="noopener noreferrer nofollow">expected to approve</a> Ripple Labs&#39; RLUSD stablecoin, a dollar-pegged, overcollateralized stablecoin, by December 4. Ripple&#39;s plan to launch RLUSD aims to improve cross-border payments and complement its XRP token. Despite initial concerns about XRP&#39;s future, Ripple has assured that both products will coexist. Ripple executives predict the stablecoin market could reach a $2 trillion market cap by 2028. The stablecoin is currently being tested on the XRP Ledger and Ethereum, with plans for further expansion.</p><h3 id="bitcoin-cme-futures-hit-100k-spot-price-lags-behind">Bitcoin CME Futures Hit $100K, Spot Price Lags Behind</h3><p>On Nov. 29, Bitcoin futures on the Chicago Mercantile Exchange (CME) <a href="https://finance.yahoo.com/news/bitcoin-price-makes-another-run-162700255.html" rel="noopener noreferrer nofollow">surpassed</a> $100,000 for the second time in a week, reaching $100,200. However, Bitcoin&#39;s spot price has yet to match this milestone, peaking at $98,600 before a sell-off. Despite strong trading volumes and a high demand for BTC, consistent selling pressure near the $100,000 level is preventing the spot price from breaking through. Analysts suggest that pushing the price to $99,000 could trigger liquidations, potentially driving Bitcoin above $100,000.</p><h3 id="bitwise-files-for-10-crypto-index-fund-etf-with-sec">Bitwise Files for 10 Crypto Index Fund ETF with SEC</h3><p><a href="https://bitwiseinvestments.com/crypto-funds/bitw" rel="noopener noreferrer nofollow">Bitwise has filed </a>for an exchange-traded fund (ETF) based on its 10 Crypto Index Fund, which includes Bitcoin, Ether, and other major cryptocurrencies. The fund, launched in 2017, is primarily composed of 75.14% Bitcoin and 16.42% Ether. The ETF will offer indirect exposure to these cryptocurrencies, with custody handled by Coinbase and cash assets managed by BNY Mellon. The SEC has acknowledged the application, though no approval deadline has been set. Bitwise also rebranded its European XRP ETF and filed for other crypto-focused ETFs.</p><h3 id="solana-memecoin-trader-turns-160-into-5-6m">Solana Memecoin Trader Turns $160 into $5.6M</h3><p>A trader on the Solana blockchain <a href="https://cointelegraph.com/news/trader-gains-5-million-solana-memecoin-chill-guy" rel="noopener noreferrer nofollow">turned a $160 investment </a>into $5.6 million by buying the viral &#34;Just a chill guy&#34; (CHILLGUY) memecoin. On November 15, the trader purchased 9.6 million CHILLGUY tokens with 0.50 SOL ($107), followed by a second purchase of 2.8 million tokens for 0.246 SOL ($51). Despite selling some tokens early for $35,000, the trader still holds 9.62 million tokens, now worth about $5.6 million. The memecoin surged after its launch, reaching a market cap of $643 million by November 27.</p><h3 id="dogecoin-surpasses-porsche-market-cap-analysts-predict-1-000-price-surge">Dogecoin Surpasses Porsche Market Cap, Analysts Predict 1,000% Price Surge</h3><p>Dogecoin has <a href="https://cointelegraph.com/news/dogecoin-flips-porsche-market-cap-doge-etp-musk-posts" rel="noopener noreferrer nofollow">surpassed</a> Porsche’s market capitalization, reaching $57.8 billion, thanks to Elon Musk&#39;s endorsements and growing interest, including the potential launch of a Dogecoin exchange-traded product (ETP). Over the past month, DOGE has surged 175%, fueled by Musk’s influence, such as his involvement with the Department of Government Efficiency (DOGE). Some analysts now foresee a potential 1,000% price increase for Dogecoin based on emerging technical chart patterns, specifically the Gaussian channel, which suggests a repeat of its past price trajectory.</p><h2 id="header-1">NEWS FROM MELEGASWAP</h2><h3 id="a-href-https-eosifinance-org-rel-noopener-noreferrer-nofollow-melega-secures-a-new-marketing-partnership-with-eosi-finance-a"><a href="https://eosifinance.org/" rel="noopener noreferrer nofollow">Melega Secures a New Marketing Partnership with EOSI Finance</a></h3><p>We are thrilled to announce a NEW MARKETING PARTNERSHIP with EOSI FINANCE, an innovative platform that allows users to automate their crypto trading and investing with the best AI-powered technologies.</p><h3 id="">•••</h3><p><em><strong>Risk warning: </strong>Cryptocurrency investment or trading is subject to high market risk. Hence, you might lose your money in the process. Please do adequate research and plan your investments cautiously. We at MelegaSwap will always make the best efforts to list high-quality and potential coins, but we will not be responsible for your losses.</em></p><h3 id="trade-with-the-best-decentralized-amm-cryptocurrency-exchange">Trade with the best decentralized AMM cryptocurrency exchange</h3><p>Do you want to buy, sell, and invest in cryptocurrencies while still having 100% control of your crypto assets? If so, then Melega Finance is for you. MelegaSwap is a leading automated market maker (AMM) decentralized exchange that offers users various options to trade and earn free tokens at high interest rates and low charges.</p><p>At Melega, nobody manages your funds for you because you manage them directly from your wallet, while smart contracts transparently take care of everything else.</p><p>Learn More About the Melega Ecosystem</p><p>DAPP: <a href="https://melega.finance/" rel="noopener noreferrer nofollow">https://melega.finance/</a></p><p>Website:<a href="https://melegaswap.finance/" rel="noopener noreferrer nofollow">https://melegaswap.finance</a></p><p>Crypto Services Hub: <a href="https://melega.space/" rel="noopener noreferrer nofollow">https://melega.space/</a></p><p>Telegram: <a href="https://t.me/melegacommunity" rel="noopener noreferrer nofollow">https://t.me/melegacommunity</a></p><p>X: <a href="https://twitter.com/meleganews" rel="noopener noreferrer nofollow">https://twitter.com/meleg</a><a href="https://twitter.com/meleganews" rel="noopener noreferrer nofollow">anews</a></p><p>Binance Square Page: <a href="https://www.binance.com/en/feed/profile/212703589" rel="noopener noreferrer nofollow">https://www.binance.com/en/feed/profile/212703589</a></p><p>Instagram: <a href="https://www.instagram.com/melega.finance/" rel="noopener noreferrer nofollow">https://www.instagram.com/melega.finance/</a></p><p>YouTube:<a href="https://www.youtube.com/channel/UC_kjHoXOkPSSB4HeHNZMq-Q" rel="noopener noreferrer nofollow"> Melega Finance Official</a></p>

Crypto Weekly Recap: Ripple's RLUSD Approval Near; CME Futures Hit $100K; Solana Trader Turns $160 into $5.6M; & More (Nov. 24-30, 2024)

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