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Raydium Price Soars 10% and Ponke Jumps 20% On Major Listing

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Raydium and Ponke experienced significant price jumps as they were added to Bithumb, one of the largest South Korean crypto exchanges. Raydium, a Solana-based automated market maker (AMM) protocol and liquidity provider, saw its price rise by 10% following the listing. Ponke a meme coin on the Solana network, surged 20% in value.

The addition of these tokens to the South Korean trading platform reflects the crypto exchange’s focus on expanding trading options for its users. The listing sparked immediate excitement, with both assets gaining heightened interest from traders.

Bithumb Adds Raydium and Ponke in KRW Pairs

Bithumb has officially added Raydium (RAY) and Ponke (PONKE) to its KRW pairs, according to a November 19 announcement. Following the Bithumb listing, The tokens experienced witnessed massive interest from traders, highlighting immediate market excitement.

The trading support for RAY and PONKE on the Solana network allows users to deposit and withdraw within three hours of the announcement. Full trading for both tokens will begin at 5:00 PM KST on Tuesday, giving users access to the new pairs as trading officially starts.

To ensure secure trading, Bithumb has set specific transaction restrictions. For the first five minutes, buying orders are paused, and selling orders are limited within -10% to +100% of the base price. Automatic orders will activate following the initial transaction, establishing a controlled entry for these tokens in the KRW market.

Price Surge and Market Context for RAY and PONKE

Raydium price is currently trading at $5.90, marking a 10% increase following its listing on Bithumb. In the past 24 hours, RAY’s price ranged from a low of $5.519 to a high of $6.144. Trading volume reached $173 million, with a market cap of $1.73 billion, showing increased interest in this Solana-based AMM protocol.

Ponke also listed on Bithumb, saw a 20% price jump and is now trading at $0.80. The token’s 24-hour range was between $0.68 and $0.84, while its trading volume hit $115 million. With a market cap of $456 million, demand for this Solana-based meme coin is rising.

Listings on major exchanges often boost crypto prices by increasing access and exposure. BAN price surged 80% after its listing on Binance Futures. Such listings highlight the significant impact of exchange support on crypto assets.

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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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Shiba Inu Coin Lead Slams Litecoin As It Changes Identity To Meme Coin

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10 minutes ago

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November 19, 2024

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Shiba Inu coin lead developer Shytoshi Kusama sparked discussions in the crypto landscape on Tuesday, slamming Litecoin (LTC) over its recent identification change to meme coin. In a series of posts on the social media platform X, the SHIB lead constantly mirrored a sense of dismay at the recent change in the crypto’s identification. Notably, LTC rebranded itself as a meme-themed coin, primarily a stick figure with the letter ‘L’ as its head.

Shiba Inu Coin’s Shytoshi Kusama Takes A Dig At Litecoin

According to an X post by Shytoshi Kusama on November 19, the lead developer expressed that he was not looking to get into “beef” with Litecoin this year. However, the Shiba Inu coin lead states, “They’re forming the memevengers and I am starting to feel like Thanos.” Notably, pointing to LTC’s new stick figure, Kusama stated, “take that L and stand down.” These statements, underscoring a sense of dismay in the identification change saga, promptly gained significant traction across the industry.

CoinGape Media reported that LTC claimed it identified as a meme coin earlier this month. Kusama’s slamming statements come in the aftermath of this chronicle.

Meanwhile, in a reply to the lead developer’s digging remarks, the LTC community stated, “What is this? 8th grade?” Nevertheless, the SHIB lead dev sarcastically replied, “Says the intern posting stick figures. Lol.” Altogether, these statements clearly point out that the dog-themed meme coin’s community remains gloomy on the abovementioned crypto identification change.

Shiba Inu coin lead's X postShiba Inu coin lead's X post
Shiba Inu coin lead’s X post

How Is The Meme Coin Performing?

SHIB price today showcased sideways trading in recent days, down nearly 2% intraday to $0.00002508. The token’s intraday low and high were registered as $0.00002415 and $0.00002578, respectively. However, the monthly chart for the crypto indicated gains worth 33%. This broader rising movement underscores the dog-themed meme coin’s potential amid a bullish market despite the recent consolidation.

A recent Shiba Inu coin price analysis by CoinGape Media indicated that the coin may mirror XRP’s surge in 2024, attributable to ecosystem growth, token burns, and bullish market trends driving investor optimism. Shibburn data on November 19 further indicated the token’s burn rate surged 938%, solidifying optimism on the coin’s long-term prospects.

On the other hand, Litecoin price traded at $89.60 at press time, down 3% intraday. Its 24-hour low and peak were $86.68 and $92.19, respectively.

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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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Is It Early Altcoin Season? Here’s Why ETH Price Surge Is Crucial

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1 hour ago

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November 19, 2024

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Cryptocurrencies like Solana (SOL), XRP, Cardano (ADA), Tron (TRX) are taking charge with 15-90% gains over the past weekend. As Bitcoin and Ethereum moved sideways amid the altcoins pump, it has raised speculation about whether it is altcoin season. However, this rally remains incomplete without the ETH price surge as the world’s largest altcoin takes some rest at $3,000.

When Will the Altcoin Season Start?

The real rally hasn’t yet started! Historically, altcoins have outperformed during consolidation phases following major rallies in BTC and ETH, as profits rotate into smaller-cap coins. QCP Capital noted that BTC dominance currently sits around 60% but would need to drop below 58% to confirm the start of an altcoin season.

In its report, QCP Capital shows that the Solana price has witnessed a quick uptick over the last weekend gaining 17%, and is holding up to the crucial resistance of $240. Analysts at QCP noted that the pro-crypto stand of the Donald Trump administration has triggered a euphoria for an impending altcoin season.

They also added that the BTC price eyes $100K amid favorable conditions. However, as the Trump administration resumes office in January, the investor appetite for altcoins could increase with the hope of favorable crypto policies.

Despite Bitcoin ETF outflows last Thursday and Friday, BTC maintains robust support, driven by institutional interest. Furthermore, top corporations like MicroStrategy and Metaplanet have continued with massive Bitcoin purchases even at $90,000 levels.

ETH Price Rally Remains Crucial

While the altcoin market has given staggering returns, the ETH price gains didn’t witness expected gains. After hitting a high of $3,444 in early November, Ethereum has retraced nearly 10% since then. Price of ETH today has bounced back 1.13% at press time after finding strong support at $3,000 levels.

Popular crypto analyst Ali Martinez noted that there’s a strong demand zone at $3,000 as 2.82 million addresses accumulated over 6.14 million ETH. It will act as a strong support for an Ethereum rebound in order to contribute to the altcoin season.

Courtesy: Ali Charts

Additionally, the Ethereum Logarithmic regression model suggests that the price can rally to $9,200 at the top of the band by May 2025. If the rally extends further as per the historical trends, it can also rally all the way up to $17,600. It indicates that analysts anticipate altcoin season next year.

Furthermore, the spot Ethereum ETF has seen renewed interest following the Donald Trump victory, thereby turning the net flows positive.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

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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BTC Climbs to $91K, HBAR & XTZ Gain 40%

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4 hours ago

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November 19, 2024

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Cryptocurrency prices today sees Bitcoin (BTC) rise to the $91K mark, a $1,000 increase from yesterday’s level. Major altcoins like Ethereum (ETH), Solana (SOL), and Ripple (XRP) have shown steady growth of 1-2% over the past 24 hours. The global cryptocurrency market cap has touched $3.08 trillion, marking a 1% increase since yesterday. Meanwhile, the overall market volume surged to $198 billion, reflecting a 28% jump in trading activity.

Hedera (HBAR), Tezos (XTZ), and Akash Network (AKT) emerged as the top gainers, with their prices soaring by 28-40%. The remarkable rise in Akash Network’s price is attributed to its recent listing on Binance Futures, which boosted investor interest and trading volumes.

Here’s a brief collection of some of the top cryptocurrencies by market cap and their price action on November 19.

Cryptocurrency Prices Today: BTC, ETH, SOL, & XRP Witness Gains

The cryptocurrency market today has shown a positive trend, with most of the top 10 coins trading in the green. Bitcoin (BTC) is now at $91K, reflecting the ongoing bullish momentum. This rise comes alongside key discussions, such as Cardano founder Charles Hoskinson and Ripple CTO David Schwartz talked about Midnight’s advanced privacy technology and XRP’s expanding role in blockchain innovation.

Here’s a brief report on the prices of some major coins today.

Bitcoin Price Today

Bitcoin (BTC) has seen a 1.13% increase in price from yesterday, currently trading at $91,416. Over the past 24 hours, its price ranged between a low of $89,393 and a high of $92,596. For the past week, Bitcoin has been trading within a range of $87,000 to $93,000. The market cap for Bitcoin has reached $1.81 trillion, with a 24-hour trading volume of $75 billion.

According to Sosovalue data, spot Bitcoin ETFs saw an inflow of $165 million last day, with data from BlackRock still pending. This surge in demand comes as MicroStrategy plans to upsize its Bitcoin bet, issuing $1.75 billion in convertible senior notes, further solidifying Bitcoin’s role in institutional investment.

Ethereum Price Today

Ethereum (ETH) is up by 1.88%, currently trading at $3,157. The 24-hour low and high for ETH are $3,052 and $3,225, respectively. Its market cap stands at $380 billion, with a trading volume of $36 billion over the past 24 hours.

However, despite the recent price rise, there was a notable outflow of $15 million from spot Ethereum ETFs on the last day, BlackRock flow data looms. On a positive note, Ethereum founder Vitalik Buterin has praised Starknet’s efforts to improve Ethereum’s scalability, further contributing to its long-term growth potential.

Solana Price Today

Solana (SOL) is currently trading at $242, reflecting a 1.26% increase over the last 24 hours. The 24-hour low and high for Solana are $234 and $248, respectively. With a market cap of $115 billion and a 24-hour trading volume of $8.47 billion, Solana remains one of the top 4 cryptocurrencies by market cap globally.

In recent news, it was reported that Pump Fun sold 105,000 SOL tokens at its all-time high price, adding some volatility to the market. Despite this, Solana continues to maintain its strong position among the leading cryptocurrencies, with its robust network and growing ecosystem driving ongoing interest.

XRP Price Today

XRP has also increased by 1% in the last 24 hours, currently trading at $1.13. The 24-hour low and high for XRP are $1.07 and $1.18, respectively. XRP ranks as the 6th largest cryptocurrency by market cap, with a total market value of $64.59 billion and a 24-hour trading volume of $9.14 billion.

As the XRP lawsuit nears its conclusion, market anticipation is growing around the potential launch of an XRP ETF. XRP pro lawyer Jeremy Hogan has shared his timeline for the XRP ETF, fueling further optimism in the market as investors await key developments in the legal case.

Meme Cryptocurrency Prices Today

DOGE price has surged by 1.15% over the last 24 hours, currently trading at $0.3767. The 24-hour low and high for DOGE are $0.3592 and $0.3799, respectively. With a market cap of $55 billion, Dogecoin ranks as the 7th largest cryptocurrency by market cap. The 24-hour trading volume stands at $8 billion.

On the other hand, there has been no significant change in the price of SHIB in the last 24 hours. It is currently trading at $0.00002486, with a 24-hour low and high of $0.00002415 and $0.00002578. SHIB has a market cap of $14.65 billion, and its 24-hour trading volume is $1.22 billion.

Top Cryptocurrency Gainers Prices Today

Hedera

Hedera (HBAR) has seen an impressive 40% increase, currently trading at $0.1496. The 24-hour low and high for HBAR are $0.1053 and $0.1566, respectively. The market cap stands at $5.67 billion, reflecting strong momentum in its recent price surge. Former Binance CEO and board member of the Hedera Foundation Brian Brooks named among the potential SEC Chair list boosted the prices.

Tezos

Tezos is up by 38%, trading at $1.17. The 24-hour low and high for XTZ are $0.8236 and $1.342, respectively. With a market cap of $1.13 billion, Tezos has gained significant attention in the past 24 hours.

Akash Network

Akash Network has experienced a 28% rise, currently trading at $4.33. The 24-hour low and high for AKT are $3.339 and $4.713. The market cap of Akash Network is $1.08 billion, with strong trading activity boosting its recent price jump.

Top Cryptocurrency Losers Prices Today

Goatseus Maximus

Goatseus Maximus (GOAT) is currently trading at $1.07, reflecting an 11.51% decrease over the past 24 hours. Its 24-hour low and high are $1.0040 and $1.233, respectively, showing some volatility in its recent price action.

MANTRA

MANTRA (OM) is currently trading at $3.876, experiencing a 9% decrease in the last 24 hours. The 24-hour low and high for OM are $3.677 and $4.469, indicating a decline in price from its recent peak.

Peanut the Squirrel

Peanut the Squirrel (PNUT) is down by 8.67%, currently trading at $1.59. The 24-hour low and high for PNUT are $1.53 and $1.78, reflecting a slight decline in its price over the past day.

Moreover, Bitcoin (BTC) is showing strong and positive momentum in the hourly time frame, indicating sustained bullish activity. On the other hand, Ethereum (ETH) moving flat slightly further in the hourly time frame, with altcoins witnessing volatility despite its overall positive trend in the market.

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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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