11/25/2020 – Settle in for your Crypto Current Daily Roundup!
Surging prices, anticipation, and steady coin interest round out today’s headlines.
Ethereum prices blast $600 after Eth2 Beacon Chain mainnet conditions are met, it may just be the beginning.…
On Nov 24, the Ethereum price rallied above $600 buoyed by solid fundamentals around the launch of Eth2 Phase 0. Doubters thought the deadline was too tight.
However, following a community initiative hinting at whale determination to see timely activation, over 524,288 ETH coins were deposited to the official Eth2 contract.
Ethereum has seen crucial upgrades delayed for technical reasons in the past.
The narrative quickly changed in the Eth2 case, paving the way for the activation of the first phase of a project that was being continuously fine-tuned in the last six years.
Ripple tore several support zones, nearly doubling to a two-year high…is XRP price breaking away from sub-zero for the last time?
Accompanying the upswing of Ethereum price was a similar explosion of XRP prices. For a long time now, the Ripple community had been complaining of low prices and possible manipulation from Ripple.
A shift in fortunes, the past two weeks have been blissful for holders. In consolidation for a better part of 2019 and 2020, the coin is now on a tear and could shoot above $1 for the last time according to analysts.
Observers are pinning this rally to a possible regulatory thawing and the launch of DeFi on the XRPL via the Flare Network. The Spark token snapshot will be on Dec 12, 2020. It is highly likely that the coin will add on their gains ahead of the event.
Bitcoin Price rally above $19,000 for the first time since late 2017, becomes the world’s largest bank
With a market cap of $357 billion, Bitcoin is fulfilling Satoshi’s dream. According to a snapshot by Tyler Winklevoss, the network is now worth more than JP Morgan ($350 billion) and miles ahead of leading Chinese and American financial institutions.
The gap could widen if the coin’s price soars above $20,000, posting a new 2020 and an all-time high.
At this pace, more interesting products like Bitcoin ETFs may be approved by the US SEC. Already, some ramps like the MXC Exchange have begun rolling out leveraged ETF products to capitalize on the current BTC and Altcoin Bull Run.
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