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- 💰 Is The 'Old Coin' Activated, Again?
💰 Is The 'Old Coin' Activated, Again?
Can crypto enable de-dollarization?
Hi there, the keyword on my mind right now is “comeback” — a coin that had a brilliant bull run in 2020-2021. Now, we’re seeing the same pattern emerge in 2024-2025.
Here’s what we got for you today:
🚀 $XRP Surpasses $SOL Into Top 3 Market Capitalization
The crypto community was shocked as the price of XRP (Ripple) surged, reaching $2.43 (according to CoinMarketCap), the highest it's been since 2018 when it hit its all-time high of $3.40.
What many of the "old coins" that saw big gains on November 22 have in common is that most of them kept a market value of over $1 billion, even during the downtrend. Plus, nearly all of their tokens are now fully unlocked.
So what is the reason?
Rumor: Li Ka-shing, Hong Kong's wealthiest billionaire, is believed to be behind the recent rise in XRP prices.
Donald Trump's election as U.S. president in 2024, and news that SEC Chairman Gary Gensler will step down in January. These changes are easing the pressure from regulators that has weighed on the market for years. Also, Brian Brooks (a member of the HBAR Foundation's board of directors) is expected to become Gensler's successor. This also explains why the HBAR token has tripled in less than a month.
The New York Department of Financial Services (NYDFS) is expected to approve Ripple's RLUSD stablecoin. If approved, the coin will launch on December 4 and help support cross-border payments.
The spotlight on the Crypto market belongs to the "old coins" with a series of names increasing strongly such as:
XLM +51%: It's up 5 times since the start of the month, rising from around $0.10 to $0.51 as of now.
ALGO +26%, ADA +22%, AVAX +21%, and more.
🚨 4 Key Signals That Investor Should Track
1. Fear & Greed Index (F&G): When the F&G Index hits ‘Extreme Greed’ (80+), brace yourself. A pullback is likely just around the corner.
2. Funding Rates: If funding rates rise above 0.05%, that’s your signal to stay alert. The risk of a pullback is climbing.
3. RSI Heatmap: If a token is stuck in the ‘overbought’ zone, don’t ignore it. It means buyers are getting tired, and a pullback is on the horizon.
4. Timeline Euphoria: Seeing everyone post portfolio screenshots and bragging about gains? That’s a flashing warning sign. When the market is overconfident, the pullback hits harder.
It's the Biggest day of my Career. Made a staggering Profit of 8 Million $.
I've been in Crypto for more than 10 years. I started my Trading Career with only 1000$ and today I'm taking a Big Fortune of 8 Million dollars.
When I started my journey there was no one supporting me.… x.com/i/web/status/1…— The King of Crypto (@TheKingCrypto01)
11:42 AM • Nov 26, 2024
Key takeaways:
Watch for the warning signs: Fear & Greed, Funding Rates, Overbought RSI, and Timeline Euphoria can stay dangerously high for weeks in a bull run.
Time is ticking: The longer these signals stay hot, the closer we get to that inevitable pullback.
Elevated indicators = red flag: When all the signs point to "overheated," it’s your cue to step back, hold tight, and think before you buy — or worse, sell too late.
Trust the signals: These indicators are your lifeline to surviving the next pullback. Don’t let an overhyped market catch you off guard.
⭐ Top Highlight in Crypto Today
🚀 Ripple's RLUSD stablecoin is set to launch on Dec. 4, pending approval from the New York Department of Financial Services, making Ripple a major U.S. crypto player.
🟡 BRICS discusses using crypto for de-dollarization with Russia pushing Bitcoin sales and m-Bridge for cross-border payments to reduce dollar dominance. Meanwhile, Trump warns BRICS nations against creating a new currency to bypass the US dollar, threatening 100% tariffs and exclusion from US markets.
💲 Saylor presents Microsoft with a Bitcoin adoption plan, claiming it could boost stock to $584 per share and create $5 trillion in value by 2034.
💥 After losing $320M in May, DMM Bitcoin will liquidate and transfer customer assets to SBI VC Trade, with connections to Huione Guarantee.
🛑 Meta's Libra project was shut down due to political pressure, with U.S. banks intimidated to withdraw support, despite full regulatory compliance
→ This makes developers like David Marcus lose faith in the government. For future projects, decentralization and avoiding reliance on centralized institutions is crucial. Bitcoin offers a path less vulnerable to political interference.
We also learned the biggest lesson of all, which is that if you’re trying to build an open money grid for the world—eventually moving trillions of dollars a day, designed to be here 100 years from now—you have to build it on the most neutral, decentralized, unassailable network and asset, which, hands down, is Bitcoin.
🤡 Meme Of The Day
Source: @CryptoTea_
Source: @naiivememe
Source: CoinDoo
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The Crypto Fire Team
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