CoinDCX News, Crypto News Global

Daily Crypto News Nov 30, 2021: ETH and DOGE leads Crypto Breakout

Crypto News

If you are that one crypto investor or trader waiting for the December Bullish streak of your invested coins, the wait seems to be finally coming to an end. According to Justin Bennett, a famous crypto analyst, the crypto bull run for December is closer and might be led by Ethereum and Dogecoin as they head for strong breakouts. He based his analysis on the weakening DXY and other factors such as divergence between the downward crypto trend and RSI and TOTAL nearing a large bullish descending curve. Read more on this below. 

All the DOGE holders might be disappointed as it can no longer become the first cryptocurrency in space. Ultimogg (ULTGG), an E-sports and game streaming platform has already launched its native token ledger and first NFT into space. The gaming platform wishes to compete with major video streaming platforms such as Youtube and Twitch and is already gearing up for the same. Read what Ultimogg has in store for you below. 

After VanEck suffered rejection for Ether ETFs from SEC, another firm names Kelly Strategic Management has filed for the same. Although analysts and experts believe that the chances of getting this deal approved from SEC are as thin as 20% because SEC might not be ready for any other ETF other than a BTC ETF as of now. Read more on this in detail below. 

Before diving into the latest crypto news let’s check out the top crypto gainers and losers for the day. 

Crypto Market Trend  November 30, 2021 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by November 30, 2021)  Change in % 
Shiba Inu (SHIB) ₹0.0038 31.3%
Doge (DOGE) ₹ 17.18 12.33%
Tezos (XTZ) ₹411.17 17.71% 

*Prices are latest by 10:30 AM November 30, 2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by November 30,  2021)  Change in % 
The Sandbox (SAND) ₹527.99 8.6%
Decentraland (MANA) ₹359.74 6.91%
Basic Attention Token (BAT) ₹115.28 5.58%

*Prices are latest by 10:30 AM November 30, 2021.*

Daily Crypto News  Nov 30, 2021

Ethereum and Dogecoin primed for Breakout as crypto market gears up for Bullish December 

According to crypto analyst Justin Bennett, December will see a price rally for the cryptocurrency market with Etherum (ETH) and Dogecoin (DOGE) leading the way. The analyst tweeted about his analysis saying that the dollar index (DXY) that is used to compare USD to a basket of other fiat currencies shows a bullish signal for the crypto market. The weaker the DXY the higher the price signals for other assets. There are several factors that he has noted which are indicating a strong crypto uptrend such as the TOTAL (the total market cap of crypto) nearing an end of a large bullish descending wedge indicating a strong uptrend. The divergence between RSI and the downward movement is also a hint of a bullish reversal. 

Bennett believes that these are a few indicators to keep an eye on. Read more about the entire analysis on Ethereum and Dogecoin primed breakouts in detail. 

Source: DailyHodl

DOGE will not be the first token in space 

After yesterday the DOGE holders as well as Elon Musk (ardent DOGE Holder) must be disappointed as it no longer can be the first cryptocurrency to space. An E-sports token and a game streaming platform Ultimogg (ULTGG) has already launched a ledger with its ULTGG token along with the first NFT into space. The game streaming platform, Ultimogg is already in the process to create a game streaming service that shall reward its content creators with its native token ULTGG. 

How is ULTGG different from Youtube and Twitch? The 0% commission fee makes the difference. The games shall not be ripped off unlike they are done on other streaming platforms. At times commissions on these platforms are as high as 50%. Read more about Ultimogg (ULTGG) and its space venture in detail. 

Source: Pro Coin News

Kelly Strategic Management files for Ethereum futures ETF 

Kelly Strategic Management filed for Ether Futures Exchange-traded fund (ETF). The move comes three months later VanEck and ProShares sudden withdrawal from the ETH futures ETF application. 

According to the filing made on November 29, 2021, with U.S Securities and Exchange Commission (SEC), the organization plans to invest in cash-settled Ether futures contracts traded on Chicago Mercantile Exchange (CEM). Senior analysts such as Eric Balchunas believe that this Ether ETF has as low as a 20% chance of getting approved because SEC might not be ready for this move. Read about Kelly Strategic’s Ether ETF filing in detail. 

Source: Cointelegraph

Quick Crypto Roundup! 

Adidas has finally entered the metaverse on the ethereum blockchain using the sandbox. The multi-billion dollar company has recently announced its partnership with Sandbox which is a metaverse built on the ethereum blockchain. Read more about Adidas’s metaverse venture here.

Micro strategy has recently added around $400million worth of Bitcoin to their portfolio. Micro strategy is a software firm that is one of the leading holders of bitcoin with over $3.1 billion of BTC with them.

Floki Inu has partnered up with Indian Football Team Kerala blasters. Floki Inu a meme coin that has been in the news lately recently partnered up with Kerala Blasters which is one of the best football clubs in India. They’ve also partnered up with Spain’s top clubs like SSC Napoli which recently won a game against binance backed Lazio football team.

 

View this post on Instagram

 

A post shared by CoinDCX (@coindcxofficial)

Share this Story

Check Also

Top Crypto Prices Today: Bitcoin Price Trading Below $23,000, Ethereum Under $1700 Again

The crypto market over the past 24 hours, ...

GET ALL LATEST UPDATES ON YOUR EMAIL




    Categories