Altcoin
BTC Gains To $91K, Major Altcoins Soar
The crypto prices today have taken an attention-nabbing upside momentum, sparking investor curiosity across the digital asset space. Bitcoin (BTC) price gained to surpass the $91K level again, whereas top altcoins have mainly mimicked a bullish trajectory. The global crypto market cap witnessed a 4% increase to $3.03 trillion today, marking monumental growth. However, the total market volume witnessed a 15% drop in value to $195.36 billion.
It’s noteworthy that MANTRA (OM) and Goatseus Maximus (GOAT) emerged as the day’s leading gainers. Also, the meme coin sector showcased remarkable gains in tandem with the broader market sentiment.
Here’s a brief collection of some of the top cryptocurrencies by market cap and their price action on November 16.
Crypto Prices Today: BTC, ETH, SOL, & XRP Witness Gains
As mentioned above, while BTC price traded above $91,000, Ethereum (ETH), Solana (SOL), and XRP prices gained 1%-9%. This upward movement has sparked significant market intrigue as the broader industry reflects immense bullishness in Q4 this year. Further, even the meme coin sector soared in line with the broader trend, as seen by Dogecoin and Shiba Inu intraday price movements. So. let’s dig deeper into the major coins and their price action today.
Bitcoin Price Today
BTC price gained nearly 3% in the past 24 hours and is now trading at $91,107. Its intraday low and high were recorded as $87,124.90 and $91,868.74, respectively. BTC’s market cap soared 3% from yesterday and is now resting at $1.81 trillion. Further, the flagship crypto’s market dominance witnessed a 0.04% increase in value to 59.77%.
This soaring movement comes despite $370.10 million worth of outflows in Bitcoin ETFs as of November 15, per Sosovalue data that excludes BlackRock’s IBIT. Overall, this stat has set off waves of investor speculations on the asset’s future performance across the market.
Meanwhile, today’s rising movement follows a considerable BTC price crash witnessed recently, reigniting market optimism on the asset.
Ethereum Price Today
ETH price gained roughly 2% in the past 24 hours and is now trading at $3,136. Its intraday low and high were $3,016.14 and $3,135.18, respectively. Ethereum’s market cap stood at the $377 billion level today. Simultaneously, the top altcoin’s market dominance was at 12.47%.
Notably, even ETH soars despite $59.87 million worth of outflows in Ethereum ETFs, per Sosovalue data other than BlackRock’s. The rising action has sparked significant market discussions over future movements amid constant institutional interest decline. Ethereum ETFs witnessing outflows continuously, as current data indicate over $60 million in outflows on Friday.
Solana Price Today
Simultaneously, the crypto SOL witnessed gains worth 5% in the past 24 hours and is now trading at $220.12. The coin’s 24-hour low and high were $204.83 and $220.75, respectively. Solana’s market cap reached $103.92 billion today. The coin soars alongside the broader market sentiment.
Notably, Solana meme coin Moo Deng (MOODENG) has further caught the eyes of market participants, embarking on a rally amid backing from major exchanges.
XRP Price Today
XRP price soared roughly 11% in the past 24 hours and is now trading at $0.9121. The coin’s intraday low and high were $0.7762 and $0.9248, respectively. XRP’s market cap is at $51.97 billion today, witnessing considerable gains among altcoins recently. Simultaneously, in light of the remarkable gains, Ripple CEO Brad Garlinghouse took the sage to validate the reasons behind the coin’s price rally. The CEO believes that the price rally is attributable to growing optimism post-U.S. elections as pro-crypto policies transform the sector.
Meme Crypto Prices Today
DOGE price witnessed gains worth 2% over the past day and is now trading at $0.3796. The meme coin rises amid soaring optimism as investors withdraw Dogecoin lawsuit against Elon Musk.
Simultaneously, Shiba Inu (SHIB) price surged 7% in the past 24 hours to $0.00002546. Further, even PEPE, WIF, and BONK prices witnessed an uptick worth 8%-26%.
Top Crypto Gainer Prices Today
MANTRA
OM price upsurged remarkably by 65% over the past day and is now trading at $2.70. The altcoin’s intraday low and peak were $1.57 and $2.72, respectively.
Goatseus Maximus
GOAT price witnessed an uptick of 34% over the past day and is now trading at $1.16. The coin’s 24-hour low and high were $0.824 and $1.26, respectively.
Flare
FLR price was up by 32% over the past day and is currently resting at $0.01948. Its intraday low and high were $0.01437 and $0.02243, respectively.
Bonk
Bonk price also saw a 34% jump in the last 24 hours, with the price currently changing hands at $0.00004489. It extends the weekly rally to more than 110%.
Top Crypto Loser Prices Today
Monero
XMR price tanked 2% over the past day and is now trading at $144.18. The token’s 24-hour low and high were $140.72 and $148.76, respectively.
BNB
BNB price witnessed a highly volatile movement over the past day and is now sitting at $622.65. Its intraday low and high were $604.23 and $626.05, respectively. The price is down 1% in a week.
Besides, no other altcoins losers emerged for today, per CoinMarketCap data at the time of reporting. Meanwhile, the hourly time frame chart for BTC showed a 0.33% drop while ETH gained 0.76%, sparking further intrigue over the crypto prices today. Market watchers are continuing to eye the coins’ prices for further gains amid a Q4 bull market this year.
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.
Against the backdrop of a broader crypto market recovery on Wednesday, AI Coins like FET, RENDER, and TAO have stolen the spotlight by witnessing a considerable pump. Notably, these tokens are surging amid broader AI-related developments such as Donald Trump’s ‘Stargate’ formation and tech giants injecting massive investments in the industry.
As a result, the abovementioned AI coins witnessed remarkable intraday price gains worth 6%-12%. Here’s a collective overview of the potential factors driving a frenzy across the AI crypto industry.
AI Coins FET, RENDER, & Others Bullish As Donald Trump Announces ‘Stargate’ Formation
Notably, the 47th president of the U.S., Donald Trump, has unveiled plans to offer massive support to the broader artificial intelligence sector soon after his inauguration. Addressing the nation’s masses, Trump recently announced the formation of ‘Stargate,’ the largest AI infrastructure project in American history.
Intriguingly, this AI project is set to invest a staggering $500 billion into the U.S. economy and curate over 100,000 American jobs. Trump revealed that OpenAI, Softbank, and Oracle came together to announce the formation of this monumental feat. Overall, with the developmental saga weighing in, top AI Coins like FET and others also appear to be bullish as the broader sector’s outlook glimmers with hope for further growth.
Google Chimes In With Massive Investment In AI
Meanwhile, the tech behemoth Google has also revealed plans to invest heavily in the sector. According to a recent FT report, the tech giant is investing more than $1 billion in Anthropic, a prominent OpenAI rival.
Meanwhile, people familiar with the matter have also revealed that Google is set to invest about $2 billion in Anthropic. Further, Lightspeed Venture Partners emerged as another key backer for the OpenAI rival as it is expected to inject $2 billion into the entity. Overall, these massive investments in the AI sector have further glimmered hope for tokens FET, RENDER, and TAO, among many others.
AI Coins Rise In Sync With Broader Market Recovery
At the time of reporting, FET price witnessed gains worth 11% intraday and is currently trading at $1.30. The coin’s 24-hour low and high were $1.16 and $1.34, respectively. Further, RENDER price witnessed a 7% uptick in value and is currently resting at $7.09. The coin’s 24-hour low and high were $6.60 and $7.36, respectively.
Even TAO price pumped 6% intraday to reach $418.21. The coin’s 24-hour low and high were $391.79 and $433.29, respectively. As mentioned above, the AI tokens appear to be leveraging a positive market sentiment across the AI sector, primarily attributable to the massive investments. Further, it’s also worth mentioning that the broader crypto market recovered today, aligning with the upswing in the price of AI coins.
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.
VTHO price has skyrocketed 300% after Binance announced its support for VeThor Token. Simultaneously, the token’s trading volume also surged by an astonishing 86,000%, reaching $3 billion. This massive rally reflects the strong influence of the top crypto exchanges in the market and how the listing or any other positive developments impact the sentiments.
Notably, VTHO token is used as gas within the VeChainThor ecosystem, further driving the market’s enthusiasm.
VTHO Price Surge After Binance Announces Listing of Perpetual Contract
On January 22, Binance listing announcement showed that the exchange plans to list VTHOUSDT perpetual contract on its futures platform, offering a maximum leverage of 75x. This new trading option has caught the attention of traders, contributing to a massive spike in VTHO’s trading volume.
Meanwhile, VTHO is the secondary token in the VeChainThor ecosystem, primarily used as the gas for transactions within the network. This listing expands Binance’s support for the VeChainThor blockchain, enabling users to trade VTHO with increased leverage. The contract’s capped funding rate is set at +2.00% / -2.00%, with funding fees settled every four hours, giving traders more flexibility.
Notably, the 75x leverage allows traders to maximize their exposure to VTHO price movements, further intensifying the market’s focus on the VeThor Token. The move by the top crypto exchange to offer such high leverage and favorable funding rates is a clear indication of its confidence in VTHO’s potential.
Binance’s Multi-Assets Mode and Trading Rules
Binance’s Multi-Assets Mode allows users to trade the VeThor token perpetual contract across multiple margin assets. This feature enables traders to use other cryptocurrencies, such as BTC, as collateral when trading VTHO contracts.
Multi-Assets Mode supports greater flexibility, giving users the ability to diversify their margin options for more efficient trading strategies. Recently, Binance expanded support for TRUMP and several other tokens, fueling optimism about future price movements.
The rules for Multi-Assets Mode include applicable haircuts on collateral, ensuring the safety of user assets. It is particularly useful for those who hold large amounts of various cryptocurrencies and wish to leverage them for high-leverage trading opportunities.
VeChain and VTHO Price Surge
VeChain (VET), the blockchain powering VTHO, has experienced notable growth, rising by 11% in the past 24 hours. VET price now trades at $0.05, and its market cap has reached $4.06 billion. This rise is attributed to VeChain’s increasing adoption and its partnerships with major corporations, including Walmart China and BMW.
VTHO price today jumped 320% and exchanged hands at $0.0087, indicating a growing interest in the VeChainThor ecosystem. With a market cap of $744 million, VTHO has seen an 86,000% increase in trading volume, reaching $3.11 billion. As the blockchain industry continues to innovate, VeChain’s supply chain solutions and VTHO’s integral role are poised for continued success.
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.
In what comes as a bullish market event, the Shiba Inu burn rate skyrocketed 600% on Wednesday, sparking immense optimism among traders amid a broader sector recovery. Recent burn data indicated that over 3 million tokens were taken out of the meme coin’s circulating supply. As an upshot, crypto enthusiasts expect a massive SHIB breakout ahead, driven by supply reduction and the community’s recent advancements.
Shiba Inu Burn Rate Blows Over 600% Echoing Bullish Market Sentiments
According to the latest data by Shibburn, the Shiba Inu burn rate shot up nearly 613% on January 22, dealing a massive blow to the circulating supply. Per the data, the massive burn rate surge came against the backdrop of 3.24 million tokens sent to a null address, thus permanently removing them from the supply.
For context, the SHIB burn mechanism is designed to reduce the crypto’s market supply, which many believe to be the reason behind the dog-themed meme coin’s broader sluggish performance. Thereby, with the abovementioned burn rate surge weighing in, traders and investors anticipate price gains for the crypto asset in light of the law of supply and demand.
Community Developments Add To Market Optimism
Further, a stockpile of ecosystem developments in recent days appears to have additionally bolstered the market sentiment for Shiba Inu amid its burn rate surge. CoinGape reported that SHIB lead developer Shytoshi Kusama stated a “big week” lies ahead for the meme token. This statement has sparked market-wide speculations of a looming advancement for the coin’s community.
Moreover, with American billionaire and investor Mark Cuban lauding SHIB’s potential recently, market watchers are extensively eyeing the crypto with bullish long-term views. Particularly in light of the community’s long-term goals and support, Cuban finds the meme coin to be one of the few promising projects in the sector. Overall, the Shiba Inu burn rate surge and these developments have solidified investors’ sentiments of a looming breakout, further driven by the recent pro-crypto Donald Trump frenzy.
What’s Next For SHIB?
At the time of reporting, SHIB price witnessed a 4% uptick in value, reaching $0.00002054. The coin’s 24-hour low and high were $0.00001983 and $0.00002127, respectively.
Notably, the coin rises alongside the intraday Shiba Inu burn rate surge and positive market sentiments building against the backdrop of Trump’s win and meme coin sector recovery. After a waning action yesterday, DOGE, PEPE, and TRUMP, among other meme coins, witnessed a remarkable upswing.
In light of this recovery-like trend, crypto enthusiast ‘VipRoseTr’ revealed on X that a $0.00004029 price target is ahead for the asset. Also, a recent Shiba Inu price analysis by CoinGape further cements the chances of a breakout approaching, as the coin showcases the potential to gain 100x this year.
This bullish prediction comes riding the back of strong market technicals and price patterns, flagging that a potential run to $0.00003340, followed by the March 4 high of $0.0000455, is possible. However, the $0.00001565 support remains extensively eyed by market watchers, given the crypto realm’s dynamic nature.
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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