Coinedition
Charles Hoskinson to integrate Bitcoin with DeFi through Cardano by hybrid application ecosystem. Cardano’s Babel fees could enable seamless DeFi transactions using Bitcoin. Hoskinson praises Bitcoin’s Taproot upgrade for fostering innovation and scalability.
Solana’s dip may offer a buying opportunity for long-term investors. Ethereum’s slight decline signals potential consolidation, ideal for patient holders. Cardano and Hedera’s drops may attract long-term investors eyeing discounted buys.
The number of UK crypto users surged significantly in the past two years. Seven million adults became first-time crypto owners in the UK within the last two years. The FCA aims to achieve a cryptocurrency regime by 2026.
Low MC/TVL ratios suggest untapped growth in undervalued DeFi projects. $ZERO leads with a 0.02 ratio, showcasing robust fundamentals despite a small market cap. $EIGEN boasts $14.33B in TVL, reinforcing investor trust and ecosystem utility.
Shiba Inu’s Shytoshi Kusama praises TRON’s Justin Sun for his blockchain and stablecoin market leadership. TRON now processes 92% of all USDT transactions, hosting $60 billion in the stablecoin. Kusama credits Sun as an early inspiration for Shiba Inu’s growth and future product-market fit.
SHIB’s 6,220 percent burn rate surge sparks questions about the possibility of reaching one dollar. Kusama explains token burns alone cannot sustain SHIB and highlights DeFi projects for growth. SHIB faces price declines and bearish trends while volatility creates risks for traders and investors.
CHILLGUY’s market cap surged to $445M, driven by viral TikTok and social media promotion. The meme coin has skyrocketed 542,684% in the last 10 days but faces concerns over liquidity and volatility. CHILLGUY’s growth potential remains promising, especially if listed on major centralized exchanges.
The resolution of Ripple’s lawsuit with the SEC could provide regulatory clarity and unlock XRP’s potential. XRP’s fast and low-cost transaction capabilities make it a strong contender for financial applications. Institutional growth through IPOs, ETFs, and possible partnerships could significantly boost XRP’s adoption.
Charles Hoskinson expresses disappointment over Cardano’s Wyoming stablecoin exclusion. Hoskinson accused the Commission of being biased. The Cardano founder believes the Commission made sentimental decisions.
Shiba Inu faces a bearish trend as it struggles to maintain critical support levels. High trading volume signals interest, but sell-offs dominate Shiba Inu’s price action. November forecast predicts SHIB trading between $0.0000263 and $0.0000553 amidst volatility.
