Nov. 11th, 2024 cover art

Nov. 11th, 2024

Nov. 11th, 2024

Listen for free

View show details

About this listen

Today's show is buzzing with major movements in the crypto markets. Leading the headlines, Solana has joined the prestigious 100 billion club, with its price peaking at $212, a near three-year high. This significant market cap milestone places Solana alongside giants like Bitcoin, Ethereum, and Tether. Analysts are optimistic, predicting potential highs reaching up to $1,400 for Solana in the near future.

In Bitcoin news, the pioneer cryptocurrency is flirting with the $80,000 mark. This surge follows Donald Trump's election victory and a fresh wave of optimism sweeping through the markets. Analysts remain bullish on Bitcoin, suggesting it could soon breach between $82,000-$85,000, with some even forecasting a long-term target of $300,000.

On the innovation front, Espresso Systems has launched its confirmation layer aimed at enhancing security and efficiency in cross-chain transactions. This move is expected to significantly improve the interoperability between different blockchain networks, proving vital for the scalability of blockchain technology.

But it's not all upward trends and breakthroughs; Bitcoin's rally might face headwinds with potential resistance between $90-100,000 due to significant market maker activity on Deribit's cryptocurrency exchange. Meanwhile, MicroStrategy continues to double down on its Bitcoin strategy, purchasing an additional 27,200 BTC, pushing its holdings value to nearly 23 billion dollars as BTC prices soar.

In regulatory news, Standard Chartered has made a bold prediction that under a Trump administration, the total crypto market cap could reach a staggering ten trillion dollars by 2026. This is backed by anticipated friendly regulatory changes and a proactive stance from the SEC.

Moreover, the altcoin market is heating up with the Solana-based meme coin ACT soaring by 1,720% following its listing on Binance and Crypto dot com. This rally in meme coins and other altcoins is contributing to a vibrant and diverse crypto ecosystem.

And wrapping up with some exciting corporate moves, U.S. crypto stocks are seeing a pre-market explosion, with MicroStrategy's shares topping $300. The broader market sentiment remains intensely bullish, buoyed by strong institutional and retail interest.

That’s a wrap for today’s edition of Chain Reaction by Capital Copilot. We hope you’re feeling more informed and ready to navigate the cryptoverse. Until next time, keep your digital wallets ready!

No reviews yet