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Ethereum Price To Hit $10K As BTC Eyes $200K Rally: Standard Chartered

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In a recent bold forecast, Standard Chartered said that Ethereum price is poised to hit $10,000 in the near term, sparking optimism amid the ongoing rally. Besides, the report also notes that besides ETH, Bitcoin is also gearing up for a strong run towards the north, potentially reaching the brief $200K mark. This forecast comes as the broader digital assets space is witnessing a positive momentum with Donald Trump’s election win and the 25bps Fed rate cut this week.

Standard Chartered Predicts Ethereum Price To Hit $10,000

According to a recent report, Standard Chartered predicts a 4X surge in the overall crypto market cap by the US mid-term elections in late 2026. As the current market cap hovers near the $2.5 trillion mark, the prediction, if comes true, indicates that it could potentially hit $10 trillion by that time.

In addition, the leading financial firm reiterated its previous target for Ethereum at $10,000. The firm said that the second-largest crypto by market cap could breach the level as soon as 2025 ends, bolstering market optimism amid an already strong rally.

Meanwhile, Standard Chartered Head of Research Geoffrey Kendrick cited several factors for his bullish prediction like the recent Republican victory, anticipated clear regulatory path, and others. He said that Donald Trump’s presidency is likely to drive the adoption of crypto-friendly policies, that could drive the adoption of digital assets higher in the near term.

Besides, the firm also anticipates the US SEC will take a soft stance towards the cryptocurrency market under the Republican administration. This also sparked discussions, as recent reports indicate that SEC Chair Gary Gensler may exit the office as soon as this year.

Notably, echoing a similar sentiment, prominent crypto market expert Ali Martinez said that Ethereum hitting $3,000 is “just the beginning” of its bull run. Previously, he said that ETH could mirror a similar trend as S&P 500, and could hit $10K in the coming days.

Ethereum price Chart S&P 500 Ali MartinezEthereum price Chart S&P 500 Ali Martinez
Source: Ali Martinez, X

What’s Next For ETH and BTC?

The bank also reiterated its prediction that the Bitcoin price would hit $200K at the same time that the Ethereum price would hit $10K. The report said that Bitcoin and top altcoins like Solana, and ETH, among others, are poised to benefit the most under the new administration.

Besides, Standard Chartered also considers the possibility of the US implementing Bitcoin as a strategic reserve for the nation, which might support the strong run for the crypto. However, it also noted the probability of such development is quite low. But Donald Trump has previously said that he would make BTC the strategic reserve for the US, while Senator Cynthia Lummis also assured the same recently.

Meanwhile, BTC price today was up 0.3% to $76,532, after touching a 24-hour high of $77,252.75. Besides, the strong inflow into US Spot Bitcoin ETF reflects the growing institutional support towards the crypto. \

Notably recent report indicates that many fresh wallets have also started accumulating BTC as the crypto’s appeal keeps soaring among traders. Further boosting the sentiment, Ali Martinez highlighted that more than 57,800 BTC has been accumulated over the last few days, valued at around $4.16 billion.

Bitcoin BTC accumulationBitcoin BTC accumulation
Source: Ali Martinez, X

On the other hand, ETH price rose 4% and crossed the $3,000 mark today, with its trading volume at $32.76 billion. Additionally, Ether Futures Open Interest also saw a surge of 4%, suggesting strong market confidence towards the leading altcoin.

Amid this, US Spot Ethereum ETF also started witnessing strong demand again, suggesting further rally ahead. Besides, a recent Ethereum price analysis indicates that crypto is targeting the $4,000 mark next, further supporting its potential rally to $10K by next year.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Hashrate Surges To New All-Time High Amid Rise In Positive Momentum

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The Dogecoin hash rate has spiked sharply, reaching new all-time highs. This bullish development reflects increasing network activity and miner participation. The surge also aligns with the recent positive shift in Dogecoin’s momentum, which favorable market conditions and sentiment have bolstered. 

Dogecoin Hashrate Reaches New ATH

Dogecoin mining activity is experiencing a major upsurge, as its hash rate recently hit a new ATH. This impressive milestone indicates strong network security and growing miner confidence in Dogecoin. 

Crypto analyst Master Kenobi announced this bullish development in an X (formerly Twitter) post on November 20. The analyst revealed that over time, DOGE mining activity could become more profitable, more stable and less taxing for miners than Bitcoin mining.  

Master Kenobi’s analysis is especially notable due to Bitcoin’s cyclic halving events, which occur every four years and cut the rewards of miners in half. The Bitcoin halving also decreases the rate at which new coins are available, thus reducing its supply while also resulting in lesser profits for Bitcoin miners

Without halving events like Bitcoin, Master Kenobi reveals that Dogecoin offers more predictable rewards and facilitates long-term stability for miners. Moreover, this stability can potentially boost the meme coin’s value and strengthen its network security, thereby improving trust in its ecosystem. 

The Dogecoin hash rate is calculated based on the number of calculations performed per second to solve a hash on the blockchain. At the time of the ATH, DOGE’s hash rate was at 1.5 PH/s. However now its hash rate has increased slightly to 1.52 PH/s. 

Dogecoin hashrate
Source: X

Interestingly, the spike in Dogecoin’s hash rate to new ATHs comes as the meme coin records a surge in momentum. Over the past few weeks, Dogecoin has experienced triple-digit gains, recording a price increase of more than 169% just this month. CoinMarkeCap’s data also shows that the price of the meme coin is currently trading at $0.385.

This price surge has caught the attention of the crypto market, and with the increase in hash rate, Dogecoin is steadily solidifying its position as the number one meme coin in the crypto market. 

DOGE Mining Vs. Bitcoin Mining 

In his X post, Master Kenobi reveals that Dogecoin and Bitcoin operate on fundamentally different networks. Each cryptocurrency uses distinct hashing algorithms, making mining compatibility between both ecosystems virtually impossible.

While DOGE operates on the Scrypt algorithm, which is optimized for a different class of Application-Specific Integrated Circuits (ASICs), Bitcoin, on the other hand, relies on the SHA-256 algorithm, which requires ASICs specifically designed for its type of hashing. 

This notable distinction prevents miners from switching between networks, bolstering the independence of each blockchain network. Additionally, the difference in hashing algorithms ensures no overlap in hardware utility and prevents the risk of a network being compromised by others’ mining resources. This ultimately improves security for both the Dogecoin and Bitcoin ecosystems. 

Dogecoin price chart from Tradingview.com
DOGE shows strength despite sell-offs | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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BTC Surges to $99K, ETH Shoots, XRP Jumps 25%

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The crypto prices today have primarily continued on an upward trajectory, showcasing strong market momentum. Bitcoin (BTC) has reached a significant milestone, touching $99,000 for the first time. Ethereum (ETH) and Solana (SOL) have also surged by 9% and 12%, while XRP has climbed by an impressive 25%. The global crypto market cap has jumped by 6%, to $3.26 trillion, with total trading volume skyrocketing 41% in the past 24 hours to $251 billion.

Let’s dive deeper into the top cryptocurrencies by market cap and their price movements on November 22.

Crypto Prices Today: Bullish BTC, ETH, SOL & XRP Sentiment

The overall crypto market appears bullish as Bitcoin (BTC) touched $99K for the first time. Ethereum (ETH) prices shot up by 9%, while most major cryptocurrencies have gained in the past 24 hours. XRP surged 25%, fueled by news of Gary Gensler stepping down as US SEC Chair in January 2025.

Bitcoin Price Today

Bitcoin has gained approximately 5% in the past 24 hours and is currently trading at $98,683. The coin’s intraday low and high were $94,457 and $98,834, respectively. With a market cap of $1.95 trillion and a 24-hour trading volume of $106 billion, BTC holds a market dominance of 59.53%, reflecting its continued strength in the crypto market.

According to Sosovalue, ten Bitcoin ETFs recorded an inflow of $397 million on Thursday, signaling growing institutional interest. However, BlackRock’s IBIT data, which is highly anticipated, is still awaited and could further influence market sentiment.

Ethereum Price Today

Ethereum surged 9% today and is trading at $3,331. Its 24-hour low and high were $3,083 and $3,388, respectively. With a market cap of $400 billion and a trading volume of $52 billion in the past 24 hours, ETH remains the second-largest cryptocurrency by market cap, holding a market dominance of 12.20%.

While ETH ETFs saw an outflow of $9 million, BlackRock’s data is still awaited for further insights. Additionally, ETH co-founder Vitalik Buterin purchased Super Anon (ANON) tokens on Base, highlighting its potential as a revolutionary token in the privacy space.

Solana Price Today

Solana (SOL) is currently trading at $261, marking a 12% increase in the last 24 hours. The crypto prices hits all-time high of $263.70 today. Its intraday low and high were $236 and $263.70, respectively. With a market cap of $122 billion, SOL stands as the fourth-largest cryptocurrency by market cap, showcasing its robust performance.

The 24-hour trading volume for Solana is $11 billion, and it holds a market dominance of 3.74%. As Bitwise submits Solana spot ETF filing, its growing significance in the crypto space reflects increasing investor interest.

XRP Price Today

XRP recorded the biggest jump in the past 24 hours, currently trading at $1.36, marking a 25% surge. Its 24-hour low and high were $1.086 and $1.43, respectively. With a market cap of $78 billion, XRP ranks as the sixth-largest cryptocurrency by market capitalization.

The 24-hour trading volume for XRP stands at $15 billion, with a market dominance of 2.38%. This significant rally highlights growing investor interest, further boosting its position in the crypto market.

Meme Coins Prices Today

Dogecoin (DOGE) witnessed a 6% increase in the past 24 hours, currently trading at $0.3966. Its 24-hour low and high were $0.3767 and $0.3996, respectively. With a market cap of $58 billion and a trading volume of $8.72 billion in the last 24 hours, DOGE continues to show strong market performance.

Similarly, Shiba Inu (SHIB) gained nearly 7%, currently trading at $0.00002502. Other notable meme coins like PEPE, BONK, and WIF also saw impressive gains, ranging from 6% to 13% in the past 24 hours, reflecting strong investor interest in the meme coin sector.

Top Crypto Gainers Prices Today

FTX Token

FTT token jumped by 34% in the past 24 hours, currently trading at $2.68. Its 24-hour low and high were $1.973 and $2.962, respectively, reflecting a strong surge in its price.

XRP

XRP is currently trading at $1.36, reflecting a 25% increase in the past 24 hours. Its 24-hour low and high were $1.086 and $1.43, respectively, showing significant price movement during this period.

Optimism

Optimism (OP) is up by 24% in the last 24 hours, currently trading at $2.03. Its 24-hour low and high were $1.647 and $2.202, respectively, reflecting strong price action during this period.

Top Crypto Losers Prices Today

FLOKI

FLOKI is down by 5% in the last 24 hours, currently trading at $0.0002627. Its 24-hour low and high were $0.0002487 and $0.0002778, respectively, showing a slight decline in price during this period.

Peanut the Squirrel

PNUT price is trading at $1.29, down by 3% in the last 24 hours. Its 24-hour low and high were $0.1185 and $0.153, respectively, with trading volume climbing 31%.

Besides this, the hourly chart of BTC and ETH looks positive, with both showing a 1% increase. This upward movement reflects a strong short-term trend for both cryptocurrencies. The crypto prices is expected to show volatility today amid weekly options expiry.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Code Appears In CyberTruck And Model 3 Website, Will Tesla Accept DOGE Payments For Cars Soon?

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Dogecoin enthusiasts recently reignited discussions on the meme coin’s future after an observation shared on the social media platform X. KrissPax, a Dogecoin enthusiast, highlighted a curious detail that showed that DOGE is the only cryptocurrency currently embedded in the payment code for Tesla’s Cybertruck and Model 3 vehicles. Interestingly, this plays into the current bullish sentiment surrounding DOGE and rumors about Tesla’s plans to officially accept DOGE as a payment method.

Dogecoin Code In Tesla’s Payment: A Long-Standing Detail Revisited

The inclusion of Dogecoin in Tesla’s payment infrastructure has been known for some time, but the timing of its renewed focus has drawn attention. Notably, it comes during a notable price correction for the meme cryptocurrency. 

Back in October 2023, reports surfaced about mentions of DOGE in the source code of Tesla’s Cybertruck checkout page. Particularly, crypto influencer MartyParty identified over 50 references to Dogecoin within the code.

However, the renewed interest stems from a recent post by Dogecoin enthusiast KrissPax on the social media platform X. He highlighted the presence of a DOGE code in Tesla’s payment systems, stating:

“Just remember, there is Dogecoin in the Cybertruck and Model 3 Tesla payment codes. Not any other crypto – just Dogecoin. Just waiting for Tesla to turn this option on!”

Although Tesla’s Cybertruck has since been launched, this year, the DOGE payment feature has not yet been activated. Nonetheless, its presence in the code suggests that Tesla is keeping the door open to allow DOGE transactions in the future.

What Does This Mean For DOGE?

Tesla CEO Elon Musk has long been a vocal supporter of Dogecoin, often relaying its use for everyday transactions. His enthusiasm for DOGE has been evident through numerous public endorsements, including Tesla’s decision in January 2022 to start accepting DOGE as payment for select merchandise. This endeavor created some sort of utility for DOGE, which is known for its meme status.

However, a final integration of DOGE as a payment method for Tesla cars would be the final straw in the electric vehicle maker’s creation of utility for the meme coin. A move of such magnitude would not only improve Dogecoin’s adoption but also open it up to another path of inflows, which would in turn benefit its price growth. Furthermore, other companies could follow in the footsteps of Tesla and make DOGE a payment method.

Interestingly, such a move would not be the first time Tesla accepted crypto payments for its vehicles. Back in 2021, Tesla started allowing customers to use Bitcoin as a form of payment. However, the initiative was short-lived, as Tesla discontinued Bitcoin payments just months later due to environmental concerns over the growing energy consumption of Bitcoin mining and transactions. 

At the time of writing, the Dogecoin price is trading at $0.3842, down by 0.92 and 1.69% in the past 24 hours and seven days, respectively.

Dogecoin price chart from Tradingview.com
DOGE price holds at $0.38 | Source: DOGEUSDT on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



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