{"id":19451,"date":"2024-11-11T09:28:02","date_gmt":"2024-11-11T09:28:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19451"},"modified":"2024-11-11T09:28:02","modified_gmt":"2024-11-11T09:28:02","slug":"cardanos-ada-price-rally-bitcoins-btc-fresh-ath-and-more-bits-recap-nov-11","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19451","title":{"rendered":"Cardano\u2019s (ADA) Price Rally, Bitcoin\u2019s (BTC) Fresh ATH, and More: Bits Recap Nov 11"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Bitcoin (BTC) hit nearly $82,000, now being the 9th-largest global asset in terms of market cap.
\nCardano\u2019s (ADA) price rose 76%, driven by founder Charles Hoskinson\u2019s latest announcements.
\nEthereum (ETH) gained 28% in the last week, with analysts eyeing a breakout past $3,200.<\/p>\n

<\/a><\/span><\/h2>\n

BTC Keeps Pumping<\/h2>\n

The past several days (ever since Donald Trump\u2019s US presidential win<\/a>) have been highly successful for the cryptocurrency market. The 47th President of America made numerous BTC-related promises during his campaign, and somewhat <\/span>expected<\/span>, Bitcoin has been at the forefront of gains lately.<\/span><\/p>\n

Earlier today (November 11), its price <\/span>hit<\/span><\/a> a new peak of almost $82,000, while its market capitalization exceeded the staggering $1.6 trillion. <\/span>This<\/span> makes<\/span><\/a> BTC the ninth-biggest asset in the world, surpassing well-known names like Meta (formerly known as Facebook), Tesla, and others.
\n<\/span><\/p>\n

<\/a>BTC Price, Source: CoinGecko<\/p>\n

Crypto X is full of analysts envisioning further gains for the asset. The one using the moniker Checkmate <\/span>suggested<\/span><\/a> that BTC has entered the so-called \u201cEuphoria zone, convincingly breaking through the previous cycles\u2019 ATH.\u201d\u00a0<\/span><\/p>\n

He also noted that the price record coincided with \u201ca relatively cooled down MVRV ratio.\u201d According to CryptoQuant\u2019s data, the Market Value to Realized Value has been hovering around an index of 2.<\/span><\/p>\n

Readings below that level indicate <\/span>that the<\/span> asset is in a neutral or undervalued zone, suggesting more room for price growth. On the other hand, anything above 2 signals a possible pullback in the short term due to potential profit-taking from investors.<\/span><\/p>\n

ADA in the Spotlight<\/span><\/h2>\n

Cardano (ADA) has charted an even more substantial price increase than BTC in the past week. It <\/span>currently<\/span> trades at just south of $0.60, representing a whopping 76% surge for the <\/span>aforementioned period<\/span>.<\/span><\/p>\n

<\/a>ADA Price, Source: CoinGecko<\/p>\n

It is worth mentioning that its<\/span> real bull run started<\/a> on November 10, shortly after Cardano\u2019s founder Charles Hoskinson published a 40-minute <\/span>long<\/span> video <\/span>on X.<\/span> He touched upon numerous topics, including the incoming administration of the newly-elected President Trump.<\/span><\/p>\n

Hoskinson announced plans to dedicate significant time next year to collaborating with US policymakers to help create a more thorough and potentially supportive regulatory framework for the cryptocurrency industry.<\/span><\/p>\n

\u201cThe crypto policy should be written by the American people, by the American crypto industry, and by well-meaning lawmakers <\/span>who are<\/span> willing to take the time to listen.\u201d<\/span><\/p>\n

What About ETH?<\/span><\/h2>\n

The second-largest cryptocurrency in <\/span>terms of<\/span> market cap was reluctant to join the bull run shortly after Trump\u2019s victory. <\/span><\/p>\n

However<\/span>, in the past several days<\/span>, it recorded a substantial increase, with its price briefly exceeding $3,200.<\/span> As of the moment<\/span>, it trades at around $3,100 (per CoinGecko\u2019s data), which is a 28% spike on a weekly scale but still far away from the all-time high of over $4,800 witnessed in November 2021.\u00a0<\/span><\/p>\n

<\/a>ETH Price, Source: CoinGecko<\/p>\n

Multiple analysts noted ETH\u2019s revival, predicting a much more impressive rally <\/span>in the near future<\/span>. X user Michael van de Poppe <\/span>expects<\/span><\/a> the valuation to \u201chave some resistance\u201d at around $3,200, envisioning a pump once it surpasses it. He also believes the Ethereum ecosystem will \u201cheavily outperform in the coming period.\u201d<\/span><\/p>\n

The post Cardano\u2019s (ADA) Price Rally, Bitcoin\u2019s (BTC) Fresh ATH, and More: Bits Recap Nov 11<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Bitcoin (BTC) hit nearly $82,000, now being the 9th-largest global asset in terms of market cap. Cardano\u2019s (ADA) price rose 76%, driven by founder Charles Hoskinson\u2019s latest announcements. Ethereum (ETH) gained 28% in the last week, with analysts eyeing a breakout past $3,200. BTC Keeps Pumping The past several days (ever since Donald Trump\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":19452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19451","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19451"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19451"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19452"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}