According to U.Today, renowned trader Peter Brandt has shared his insights on the price dynamics of two prominent altcoins, Ethereum (ETH) and Solana (SOL). Brandt, who has been a significant figure in the financial markets since the 1970s, recently commented on the complexities and costs associated with Ethereum. He described ETH as a "completely broken utility coin" due to its intricate ecosystem and high transaction fees. This perspective aligns with his earlier criticisms of Ethereum, where he pointed out the limitations of the cryptocurrency as a functional ecosystem. Despite his critical stance on Ethereum, Brandt's analysis indicates that both Ethereum and Solana are positioned for substantial movements alongside Bitcoin, which has recently achieved a new all-time high exceeding $75,000. Brandt highlighted that while Solana is reaching new price highs, Ethereum is still contending with significant overhead resistance, which could hinder its performance. He expressed a preference for Solana, noting its potential to break into new highs, whereas Ethereum is still "chewing into overhead resistance." The discussion around Ethereum's price has been a major topic throughout the year, primarily due to its underperformance compared to Bitcoin and Solana in 2024. As of now, Ethereum's price has only increased by 23.21% since the start of the year. Meanwhile, Solana is gaining traction as a viable competitor to Ethereum, attracting users and investors seeking more efficient alternatives. This situation presents a dual narrative: on one hand, Ethereum is anticipated to grow, even according to its critics, but on the other hand, its transaction costs and operational complexity pose challenges to its long-term sustainability.

According to U.Today, the price of the cryptocurrency XRP experienced a notable increase today, with its value rising from $0.5527 to $0.578 within just over an hour, marking a 4.71% gain. This surge brought XRP to its highest level since early October. The reason behind this sudden price movement remains unclear, as there were no significant news events related to XRP during this period. Interestingly, this price spike occurred just before the formation of a technical pattern known as a 'death cross' on XRP's daily price chart. This pattern, characterized by the 50-day moving average crossing below the 200-day moving average, is often seen as a bearish indicator, suggesting potential price declines. Historically, when XRP last experienced a death cross, its price dropped by more than 20% over the following 70 days, reaching a low of $0.4. The current situation presents a complex scenario for XRP. While the death cross typically signals a bearish trend, today's rally could indicate heightened interest and trading volume. This juxtaposition of a bullish price movement against a looming bearish technical pattern suggests a potential shift in market sentiment. As a result, XRP has captured the attention of investors and enthusiasts, setting the stage for potential volatility in the near future.

Former Binance CEO Changpeng Zhao, also known as CZ, recently addressed the second anniversary of the FTX collapse. In a social media post, Zhao commented on the sudden collapse of FTX, saying that the events seemed to have happened two decades ago. The FTX exchange, which was at one time the world’s second-largest crypto exchange, […] source: https://www.cryptopolitan.com/changpeng-zhao-reflects-on-ftx-anniversary/

The bank estimates that a reset on crypto in the U.S. will quadruple the market’s value in short order, with Bitcoin spiking to $200,000. source: https://decrypt.co/290918/bitcoin-boom-trump-crypto-10-trillion

UBS has successfully piloted its blockchain-based payment system to improve the effectiveness of international transactions.  In an effort to increase the effectiveness of cross-border transactions, multinational financial firm UBS has finished a trial of its blockchain-based payment system, known as “UBS Digital Cash.” The Zurich-based bank said in a news release on Nov. 7 that […] The post... source: https://coinscreed.com/ubs-pilots-blockchain-based-payment-system.html

This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN. source: https://cointelegraph.com/news/crypto-biz-us-elections-crown-polymarket?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The maker of Rumble Racing Star is going all-in on Telegram and The Open Network, starting with a new entry in the Ragnarok franchise. source: https://decrypt.co/290920/ragnarok-boxing-star-telegram-delabs-games

The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities. source: https://cointelegraph.com/news/canadian-police-praise-tether-swift-recovery-stolen-funds?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

As the Decentralized Finance (DeFi) dominance debate continues in the broader cryptocurrency space, every investor will continue to have their preferences. As an anchor, an investor might choose utility, gas fee, transaction speed, or throughput. The debate this time focuses on Ethereum (ETH), the leading altcoin, and Solana (SOL), its biggest competitor. Brandt’s Analysis: SOL’s […] The post... source: https://www.thecoinrepublic.com/2024/11/08/peter-brandt-picks-solana-over-ethereum-amid-defi-dominance-war/

Alameda Research has filed complaints against crypto exchange KuCoin and Crypto.com to recover millions in locked funds as FTX prepares to repay users. source: https://cointelegraph.com/news/ftx-debtors-reclaim-funds-crypto-com-alameda-research-account?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Meme hay DeFi? Sự phân chia tiền điện tử sau khi Trump lên nắm quyền.

Việc ông Trump 78 tuổi giành chiến thắng trong cuộc tái tranh cử sẽ là lịch sử và sự lựa chọn của nước Mỹ có thể bắt nguồn từ một số quyết định quan trọng.

Chuỗi BNB đã triển khai nhiều chương trình khuyến khích trong quý 3, bao gồm các chương trình khuyến khích Lễ hội không cần gas và TVL, thúc đẩy sự phát triển của các hoạt động DeFi và NFT.

Biểu đồ vàng, Biểu đồ vàng | Triển vọng thị trường BTC Golden Finance, đại diện tổ chức nghĩ gì về việc Bitcoin liên tục phá vỡ các mức cao mới?

Meme, Web3 không thể tồn tại nếu không có MeMe coin, cũng không thể chỉ có Golden Finance, MeMeCoin lớn nhất trong vòng tròn tiền tệ là Bitcoin.

Khuyến nghị đọc tối nay: 1. Kỷ nguyên của Trump 2.0 đang đến: Triển vọng thị trường mang lại lợi ích gì 2. Tại sao chúng ta lạc quan về Aerodrome, công ty dẫn đầu chuỗi Base DEX 3. Giải mã công nghệ in tiền không giới hạn của MicroStrategy;

Bất kỳ địa điểm nào thực hiện giao dịch bên ngoài các sàn giao dịch truyền thống đều có thể được coi là thị trường OTC. Là một trung tâm tài chính quốc tế, thái độ và chính sách cởi mở của Hồng Kông đối với tiền điện tử đã cung cấp các kênh mới cho các nhà đầu tư Trung Quốc đại lục.

Bất kỳ ai không có nền tảng kỹ thuật và không có khả năng viết mã đều có thể tạo robot trên chuỗi AI của riêng mình chỉ trong 3 phút mà không cần mã hóa.

Lazada Malaysia đang ra mắt AI Lazzie, một trợ lý mua sắm hỗ trợ AI cung cấp các đề xuất được cá nhân hóa và các tính năng thú vị cho đợt giảm giá 11.11. Nền tảng này cũng giới thiệu dịch vụ thử đồ ảo và hướng đến mục tiêu cải thiện trải nghiệm mua sắm AI dựa trên nhu cầu ngày càng tăng của người tiêu dùng ở Đông Nam Á.

Nữ ca sĩ từng đoạt giải Grammy Dua Lipa đã được nhìn thấy diễu hành khắp Singapore để tìm kiếm những món ngon địa phương trên khắp các hòn đảo vài ngày trước buổi hòa nhạc của cô vào ngày 5 tháng 11.