Shiba

Cardano

Shiba Inu

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<a href="https://u.today/almost-900-million-xrp-moved-by-unknown-wallets-as-xrp-price-gears-up-for-new-rise" rel="noopener noreferrer nofollow">XRP</a> has been carving its path toward a significant milestone. Between July 14, 2023, and Nov. 10, 2023, the coin saw a price rally on the <a href="https://www.tradingview.com/symbols/XRPUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow">XRP daily chart</a> that not only brought it close to BNB's market cap but also allowed it to briefly overtake BNB, marking it the fourth-largest cryptocurrency by market capitalization.&nbsp;
This achievement was the result of a substantial 22% increase in XRP's market value, pushing its cap over the edge to $37.2 billion, compared to BNB's $37.1 billion, according to recent data from CoinMarketCap​​. <img alt="XRP/USDT chart by TradinView" data-entity-type="file" data-entity-uuid="408fc9c9-8f00-489a-a175-8566dea65306" src="https://u.today/sites/default/files/inline-images/image_229.png">XRP/USDT chart by <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">TradingView</a>
The rally's momentum did not stop there. XRP's <a href="https://u.today/ethereum-eth-price-surge-halted-for-now-heres-when-it-might-start-again" rel="noopener noreferrer nofollow">market</a> cap surged by an impressive 66% in the past 24 hours, as reported, boosting its valuation to $41.44 billion, while BNB's market value rose by a modest 6.5% to $40.57 billion​​.&nbsp;
Turning our attention to the price analysis, XRP's journey has been marked by bullish sentiment. After breaking above the 100 and 200-day moving averages, its price gained momentum and embarked on a robust uptrend, leading it to approach its previous daily swing high​​. However, the asset experienced a slight downturn from $0.74 on Nov. 6 and broke below the immediate support at $0.67 by Nov. 9, suggesting a phase of profit-booking by the bulls​​.&nbsp;
The current trading price of <a href="https://u.today/ripples-resurgence-xrp-targets-1-as-volume-and-market-cap-soar" rel="noopener noreferrer nofollow">XRP</a> stands at $0.7873, with market analysts eyeing the critical resistance region around $0.8 as the next target, should the upward trend continue​​. This recent price action against both the U.S. Dollar (USDT) and Bitcoin (BTC) indicate renewed investor optimism in the short-term prospects of XRP.
<h2 dir="ltr" id="shiba-inu-eyes-on-rally-increase">Shiba Inu eyes on rally increase</h2>
The meme coin sector of the cryptocurrency market has been abuzz as Shiba Inu (SHIB) eyes a significant rally, following a crucial break above key resistance levels. Technical analysis has indicated that for SHIB to confirm a strong revival, it must break the $0.00001 price point​​.&nbsp;
In the context of the current market situation, <a href="https://u.today/shiba-inu-shib-reclaims-major-resistance-level-new-rally-approaching" rel="noopener noreferrer nofollow">SHIB's</a> recent price action is worth noting. On Nov. 9, the Shiba Inu team unveiled ambitious plans for 2024/2025, which could potentially be fueling investor optimism​​. As of the last check, Shiba Inu was trading at approximately $0.000007986, marking a slight decrease of 0.59% over 24 hours, but a notable gain of over 10% in the past week, and close to 9% over the past month​​.
The SHIB community is also energized by the recent surge in the token's burn rate, which saw an astonishing 14,400% increase within a single day. This spike in token burning has led to the destruction of over 173 million SHIB, as reported by Shibburn​​.&nbsp;
In the wake of these developments, Binance, a leading cryptocurrency exchange, reported a substantial 22% increase in SHIB trading volume. This surge translated to trading volumes exceeding $37 million for Shiba Inu in just 24 hours, with Binance seeing massive SHIB/USD token transactions, including a staggering transfer of 536 billion SHIB​​​​​​.&nbsp;
<h2 dir="ltr" id="cardano-s-bullish-tendencies-persist">Cardano's bullish tendencies persist</h2>
<a href="https://u.today/cardano-ada-paints-ema-golden-cross-heres-what-it-means" rel="noopener noreferrer nofollow">Cardano</a> (ADA) has been showing significant bullish signals in the cryptocurrency market. A recent technical analysis indicated a rounding bottom breakout on the daily chart, a formation that often precedes a continuation of the upward trend. The price of ADA crossed the $0.35 mark, sparking discussions about a potential high-speed breakout rally. Market watchers have their eyes set on the $0.40 level, suggesting that breaching this could signal a move toward the $0.45 mark​.&nbsp;
This week, <a href="https://u.today/cardano-founder-eyes-partnership-with-kraken-for-new-layer-2-blockchain-project" rel="noopener noreferrer nofollow">Cardano</a> saw a steady price increase, breaching the $0.300 resistance zone. The ADA/USD pair has been gaining momentum, with analysts noting that the rally is just getting started, hinting at more robust gains to come​​. Furthermore, ADA recently soared 19%, marking a major technical strengthening as it bounced back above the 200-day moving average (DMA), a key technical indicator, at the $0.30 level​​.
Cardano's price action is also suggesting heavy bullish sentiment as it outperformed Bitcoin, rallying above the $0.350 resistance. The price is currently trading above this level, and the 100 simple moving average (SMA) on the four-hour chart, which is often considered a bullish indicator. In addition, a key bullish trend line is forming with support that could further bolster ADA's bullish outlook and potentially propel the price toward $0.400 or even $0.420​​.

XRP Surges to Fourth Largest Market Cap

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