Last Week in Crypto: Highlights in the World of Cryptocurrencies
As we kick off another exciting week on Monday, November 11th, 2024, at 9:00:05 AM EST (3:00:05 PM CET), we delve into the latest price action of the top ten cryptocurrencies, as per Coin Market Cap. Join us as we analyze these figures and anticipate how the market will unfold throughout the week. Subsequently, we will compare these prices with the closing figures of Friday, November 15th, 2024, at 6:00:02 PM EST (12:00:02 PM CET), to gain insights into the week’s market trends and fluctuations
| CRYPTO | INITIAL | % CHANGE | FINAL |
|---|---|---|---|
| BTC | $82,045.99 | 10.96% | $91,040.52 |
| ETH | $3,177.24 | -3.40% | $3,069.17 |
| BNB | $619.77 | -0.56% | $616.28 |
| SOL | $216.11 | -0.73% | $214.54 |
| XRP | $0.58 | 52.86% | $0.89 |
| TON | $5.27 | 2.08% | $5.38 |
| DOGE | $0.29 | 28.83% | $0.37 |
| ADA | $0.61 | 10.65% | $0.67 |
| AVAX | $32.12 | 2.24% | $32.84 |
Binance Boosts Memecoin Frenzy in 2024
Binance’s 2024 listings drove major gains for memecoins, with Neiro (NEIRO) leading the pack, skyrocketing by nearly 7,600% after going live. Out of 15 memecoins listed, 12 surged in value, including Moo Deng (MOODENG) and Popcat (POPCAT), each jumping over 200%.
Bitcoin Breaks $93K Amid Inflation Data
Bitcoin hit a record $93,469 on Wednesday before stabilizing around $91,200. The surge came as traders analyzed October’s inflation report, showing a 0.2% rise and a 12-month rate of 2.6%, meeting expectations.
Crypto Market Surpasses $3 Trillion as Bitcoin Hits $87,000
The crypto market reached $3 trillion for the first time since 2021, with Bitcoin trading at $87,500 (+3%). Bitcoin’s market cap now exceeds silver’s ($1.73 trillion) and could reach $97,000 if 1% of gold’s capital flows in, according to QCP Capital. Tether (USDT) also rose by $4 billion this week, reaching $124.3 billion, fueled by institutional interest and favorable regulation.
Solana Takes the Lead in New Token Launches
Solana now hosts 89% of new tokens, with 181,000 launched last week alone, fueled by memecoins and platforms like pump.fun. Despite high volumes, Solana keeps fees low, positioning itself as the top network for new token projects.
MooDeng Hits New High: Solana’s Meme Coin on the Rise
MooDeng (MOODENG/USD), the meme coin inspired by a viral baby hippo, reached a new all-time high of $0.67 on Friday. Gaining traction in the Solana meme coin space, it now ranks 10th in Binance perpetuals trading volume, just behind Peanut The Squirrel (PNUT/USD). As interest in organic meme coins with real communities grows, MooDeng could be positioned for further upside—while VC-backed coins may struggle with postlisting declines. Keep an eye on this one!
Sources
https://cointelegraph.com/news/binance-memecoins-2024-listings
https://www.cnbc.com/2024/11/13/crypto-market-toda.html
https://thedefiant.io/news/markets/bitcoin-consolidates-after-approaching-usd90-000
