Aurelia Butler

On the XRP vs. BTC chart, the 50-day SMA has turned up and looks set to move above the 200-day SMA in the coming days. Both moving averages are already converging, suggesting that a golden cross is imminent. For XRP, this could herald further price gains against Bitcoin, especially if the broader cryptocurrency market remains favorable.The potential for a golden cross comes at a time when XRP and other altcoins are experiencing rallies.According to Santiment, “While eyes have been on Bitcoin making history, altcoins like XRP are growing their respective market caps rapidly. As long as BTC maintains a $95,000 support, expect November profits to continue redistributing to altcoins.”XRP has been rising against Bitcoin since Nov. 12, reaching a high of $0.00001522 in today’s trading session, a level not seen since early December 2023.Select altcoins soared in the last 24 hours after SEC Chair Gary Gensler announced that he plans to step down.XRP increased by as much as 30% on Friday following Gensler’s statement the day before. Ripple has been involved in a lengthy legal battle with the SEC over the status of digital assets.At the time of writing, XRP was up 25.76% in the last 24 hours to $1.42. Bitcoin traded at $97,563 after reaching all-time highs of $99,543.This article was originally published on U.Today More

The ADA price rose 44% this week, bringing the month-to-date increase to 150%. The token’s market valuation has risen to $30.8 billion, making it the world’s ninth-largest digital asset, according to CoinMarketCap data.If today closes in green, ADA will have gained for five days in a row. With $1 firmly in sight, the focus is on where the ADA price might go next. According to Santiment, Cardano’s potential growth is closely tied to a crucial Bitcoin support level. Santiment noted that as long as BTC maintains a support level of around $95,000, November could see continued gains for ADA as profits continue redistributing to altcoins.This article was originally published on U.Today More

For clarity, the index measures crypto market sentiment to gain insights into investors’ dispositions toward different assets. It is graded on a zero scale, implying “extreme fear,” to 100, indicating “extreme greed.” Thus, a score of 94 shows that market participants have become highly optimistic and confident about Bitcoin’s price movement. This ecstatic feeling usually triggers increased speculation of future prices and strong buying activity in anticipation.As of this writing, Bitcoin was changing hands for $98,600.30, representing a 0.49% increase in the last 24 hours. With approximately $1,400 from hitting $100,000, many investors speculate and “wish” the leading digital currency would cross the historic milestone.Market analysts say these speculations might have caused the huge spike in the fear and greed index. They emphasized that Bitcoin’s high price has made many investors accumulate the coin and other bullish assets. These investors fear they could miss out on further gains if further price appreciation occurs.Interestingly, with Bitcoin’s price near the significant psychological level of $100,000, some believe that the score of 94 represents a bullish signal that might fuel further upticks.While crypto trading lacks predictability, expert opinions agree that investors should exercise caution as they trade. Investors have been urged to keep a keen eye on market trends, especially a sharp reversal in BTC’s price.This article was originally published on U.Today More

Sui drives blockchain innovation with support from global leader in asset managementThe Sui Foundation, the independent organization dedicated to the advancement and adoption of Sui, the innovative Layer 1 and smart contract platform, today announced a strategic partnership with Franklin Templeton Digital Assets. Franklin Templeton Digital Assets has been investing in the Sui ecosystem, and believes this strategic partnership will provide further benefit toward that effort by seeking value creation opportunities to allow builders of Sui blockchain-based solutions to deploy novel technologies leveraging the Sui blockchain protocol. As a secure and scalable platform for building the future of intelligent assets, Sui has already become a premier destination for application builders in gaming, DeFi, memecoins, as well as real-world applications such as 3D printing and tokenized securities. Most recently, native USDC launched on Sui, enabling users to have direct access to one of the most widely used stablecoins globally while removing the added complexities and risks caused by bridged assets.ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More