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ACT Price Rockets 1100%, PNUT By 250% On Binance Spot Listing
The world’s largest crypto exchange Binance on Monday announced the listing of two new meme coins: ACT I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). The news has led to major price spikes for both tokens, with ACT price up over 1,300% and PNUT price rising by 250%.
ACT and PNUT gaining significant interest similar to other top Solana meme coins in the crypto community after listing on the crypto exchange.
Binance Lists AI Prophecy and Peanut the Squirrel Tokens
According to Binance official announcement, the exchange will open spot trading for ACT and PNUT starting November 11. Users can trade these coins in ACT/USDT and PNUT/USDT pairs. Withdrawals will be open from November 12, adding liquidity options for both tokens. This sparked a massive jump in ACT and PNUT price.
Both ACT and PNUT listed with Binance Seed Tag applied, indicating they come with higher volatility and risk. ACT I: The AI Prophecy coin adds an AI-themed twist to the meme coin space. Peanut the Squirrel joins ACT as another playful addition for speculative traders on the exchange.
However, users in certain regions, including the United States, Canada, and the Netherlands, will be restricted from trading ACT and PNUT. These limitations follow compliance efforts to meet regional regulations and ensure user safety.
Listing Sparks Concerns in Crypto Market
Experts such as Leonidas warned that Binance has turned into a “pump and dump” engine that is knowingly harming retail investors and creating an unhealthy meme coin market. Whales and big investors usually purchase and sell these tokens after a few hours and week trapping small investors, some crypto participants claimed.
ACT price is currently trading at $0.35, up 1,300% in the last 24 hours, with a high of $0.36 and a low of $0.019. The token’s trading volume increased almost 4000% over the last day, indicating strong market interest.
Meanwhile, PNUT price trades at $0.37, marking a 250% gain in the last 24 hours. The 24-hour high and low are $0.42 and $0.091, respectively. The 24-hour volume stands at $306 million, further showcasing the token’s growing popularity.
The increase in ACT price aligns with the ongoing meme coin season. The trend recently saw Dogecoin rise to the sixth position, surpassing XRP and USDC.
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.
Altcoin
XRP Price Rally As Gary Gensler Hints At Resignation
XRP price has grown substantially, reaching a six-month high of $0.83, spurred by favorable regulatory developments and heightened investor sentiment. The recent announcement of a potential resignation by SEC Chair Gary Gensler has fueled optimism within the crypto sector. This is because investors anticipate a more favorable regulatory environment under new leadership.
XRP Price Hits Six-Month High Amid Gary Gensler’s Resignation Speculation
XRP price has surged by 20% in the last 24 hours, reaching $0.8, reflecting a notable shift in market sentiment. This rise is fueled by growing optimism about regulatory changes that could benefit Ripple and XRP. The potential resignation of SEC Chair Gary Gensler has spurred positive expectations within the cryptocurrency sector. Investors speculate on a more crypto-friendly regulatory approach under the new Trump leadership.
Ripple, the organization behind XRP, has faced longstanding regulatory challenges with the SEC, and Gensler’s exit could pave the way for a more favorable stance. The resignation speculation comes amid heightened interest in XRP, with investors showing renewed enthusiasm.
In addition, XRP price rally coincides with a favorable ruling for Ripple in its ongoing XRP lawsuit. In a recent decision, a U.S. court granted Ripple Labs and its CEO, Brad Garlinghouse, a judgment and stay on class claims filed against them. This ruling reflects a legal victory for Ripple and its executives, allowing them to move toward a final resolution while temporarily halting specific claims.
Ripple’s win in this phase of the litigation has lifted market sentiment, signifying the weakening of the SEC’s arguments against XRP as an unregistered security. The court’s decision effectively supports Ripple’s claim that XRP transactions on secondary markets do not qualify as securities offerings, a stance that could further boost XRP price gains.
Whale Movements Signal Potential Accumulation
In a parallel development, substantial XRP whale activity has been observed, adding further intrigue to the XRP price movement. A transfer of 105 million XRP tokens, valued at approximately $76.5 million, was executed from Binance to an unknown wallet. Such large-scale transfers are signs of potential accumulation, indicating that investors are holding XRP for longer-term gains.
The movement of XRP from exchanges to private wallets reduces its immediate availability for trading, which can amplify upward price pressure if demand continues to grow. This reduction in liquid supply, combined with the favorable regulatory development could set XRP price for further upward momentum.
At press time, Ripple stands at $0.83, marking a 21.70% surge over the past 24 hours. This rally has pushed its market cap to $47.45 billion, followed by increased trading volume, now at $8.04 billion. According to the latest XRP prediction, the Ripple token may rally to $1.5 after breaking out from a 40-month symmetrical triangle.
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.
Altcoin
How High Will Dogecoin Price Climb This November?
DOGE has been topping the gainers’ chart for the whole of November, and according to market signals, there might be a possible shift in Dogecoin price soon pushing its price well over $1. Analyst Kaleo highlighted that Dogecoin is currently in an accumulation phase just above a significant resistance level on the higher timeframe, laying the groundwork for a potential bullish move.
He noted that this accumulation trend has previously served as a launchpad for rallies, and he believes it could lead to a similar surge in the near future.
Dogecoin Price to Surpass $1 in November?
Crypto analyst KALEO recently gave a very encouraging outlook for Dogecoin price based on his study of the DOGE to BTC pair. Even though he thinks there’s still a lot of room to run up if history once again rhymes with itself, the price of $1.00 and even more should happen in the next few weeks. Speaking about the DOGE to BTC trading pair, he said that since the first half of 2021, it has been subjected to a downtrend characterized by lower highs and lower lows.
Just a reminder: The last time the $DOGE / $BTC pair had this type of a breakout, it had a swift 175% pump to its previous all time highs.
With the way the market has moved recently, and how much strength Dogecoin has shown after Trump was elected and Elon starting to push… pic.twitter.com/FD18Ys0fc8
— K A L E O (@CryptoKaleo) November 13, 2024
The recent breakout above the upper trendline has given cause for cheer. KALEO said that the last time such a breakout had occurred was early in 2021. That was only 24 hours before DOGE had a massive 175% rally that had taken the price to an all-time high of $0.7316. In his view, this is similar to the price action now, meaning that the top meme coin might be up for another rapid rise to more than just $1 in not more than a few weeks.
He said:
“With the way the market has moved recently, and how much strength Dogecoin has shown after Trump was elected and Elon starting to push again, I wouldn’t be surprised to see something similar here.”
Moreover, KALEO saw an interesting accumulation phase in the DOGE/BTC pair since the breakout of the past 48 hours. He added that consolidation above a critical resistance level sets a strong foundation for the next bullish move. Past trends have shown that a significant rally follows such accumulation phases, and KALEO expects Dogecoin to be no different.
The broad crypto market outlook also favors the bullish side of KALEO’s outlook. While DOGE is positioned to outperform Bitcoin’s upside, this expected rally will be even more exaggerated in this conducive market environment.
Dogecoin’s November Rally: Can DOGE Repeat its Historic Gains?
Just when it seemed like Elon Musk’s influence on Dogecoin’s price was over, a surprise move by President-elect Trump saw its prices soar to the moon. In the most recent rally, he appointed Musk to head the Department of Governmental Efficiency or D.O.G.E. The subsequent Republican win propelled the coin upwards, with DOGE up 106% in the last week, displacing XRP to become the fifth-largest cryptocurrency.
DOGE has shown tremendous momentum of late, closing October with its second-highest monthly gains since 2014. In November, investors feel that this upward path will continue. If not for the BTC strength, then at least to continue due to the renewed excitement within the cryptocurrency community. So far, DOGE’s performance in November has been mixed. Yet again, the stage is set for a possible rally.
Analysts have taken to a likely triangular pattern in the DOGE chart. This signals that a positive breakout could be around the corner.
Historically, DOGE’s November performance has been erratic. According to data from CryptoRank, while DOGE entered November 2014 with four positive and six negative months, the coin saw its best return in November 2017 with a gain of 81.9%. Its lowest performance was seen in 2018, with a decline of 42.2%. Last November, Dogecoin saw a rise of 22.5%, reflecting its community-driven momentum and high-profile supporters like Elon Musk.
Despite such a checkered history, Dogecoin remains popular among retail investors, and analysts still predict further growth this November. DOGE is also likely to experience a temporary pullback to consolidate and regain strength after the recent bullish exhaustion.
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.
Altcoin
Donald Trump’s World Liberty Financial Taps Chainlink To Boost DeFi Offering
Donald Trump’s World Liberty Financial (WLFI) has partnered with Chainlink to help secure its DeFi ecosystem. The DeFi protocol will adopt Chainlink’s standard for on-chain data and cross-chain interoperability to help ensure a successful launch.
World Liberty Financial Adopts Chainlink’s Standard
The DeFi protocol announced in a press release that it was adopting the Chainlink standard for on-chain data and cross-chain connectivity to help power its platform. WLFI reached this decision after determining that Chainlink was the most secure solution to solve the critical security, interoperability, and on-chain data problems related to successfully launching a leading DeFi platform.
World Liberty Financial believes that this would go a long way as it seeks to kick off the next wave of DeFi mass adoption, as the Chainlink standard will provide their community with the security and reliability needed to succeed in this goal.
Meanwhile, the press release revealed that the adoption of the Chainlink standard will start with the WLFI Protocol integrating Chainlink Price Feeds on the Ethereum mainnet, supporting the planned launch of the World Liberty Financial Aave v3 instance, although subject to the WLFI Governance platform approval process. The WLFI platform is built on the Aave DeFi protocol.
Thanks to the collaboration, WLFI will have access to Chainlink’s infrastructure, which has enabled over $16 trillion in transaction value. The Chainlink Price Feeds will provide the WLFI protocol with a secure and reliable source of financial market data, which is crucial to the protocol’s integration of assets such as USDC, USDT, ETH, and WBTC, among others.
Over time, WLFI will implement additional capabilities from the Chainlink standard, such as cross-chain interoperability and proof of reserves for RWAs.
Aligning With The Donald Trump Vision
In the press release, World Liberty Financial reaffirmed that its vision is to pioneer further the DeFi space, which is inspired by US President-Elect Donald Trump’s vision to democratize financial opportunities while safeguarding the global standing of the US Dollar.
Additionally, the WLFI Protocol aims to provide users with information and access to third-party DeFi applications, supporting the adoption of US dollar-based stablecoins that ensure the Dollar remains the world’s reserve currency.
Commenting on World Liberty Financial’s partnership with Chainlink, Eric Trump said,
“World Liberty Financial’s partnership with Chainlink marks a huge step forward. Never before have we been more bullish on crypto or the overall future of DeFi technology.”
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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