As the bears devour everything in their path, even the most optimistic prophets of the crypto world are forced to eat their words. Among them, Merlijn The Trader-oh, that name reeks of expertise and self-assurance-has become a voice of despair, a beacon of resignation. It seems he has thrown in the towel, waving it like a flag of surrender, muttering what we all secretly knew but dared not speak:
In a plot twist that’s more Larry David than Breaking Bad, Keonne Rodriguez, co-founder of the privacy-obsessed Samourai Wallet, is trading his laptop for a prison jumpsuit. Why? Because apparently, helping people keep their Bitcoin transactions private is a no-no when it involves drug lords and scammers. Who knew? 🤔
In a move that makes about as much sense as a plumber recommending you fix your pipes with duct tape, US Federal Reserve Governor Stephen Miran is pushing for a rate cut come December. If that happens, don’t be shocked when investors start eyeing crypto like they’re suddenly allergic to fiat money.
This circus act has flipped Bittensor from the top AI blockchain throne. ICP now struts at $8.56 with a $4.57 billion market cap, climbing into crypto’s top 30 like it’s dodging a swarm of bees. Meanwhile, TAO, the dethroned king, sips tea and mutters about “0.2% volatility.” How quaint. 🤷♂️
Despite these technical advances, the ecosystem is facing challenges. Mainnet activity remains low, and developer confidence is declining. Furthermore, Pi Coin’s price is also under pressure, having dropped nearly 10% over the past week. It’s like a birthday cake that forgot to be happy. 🎉📉
On November 7, right before everyone’s favorite quarterly doom-and-gloom briefing, they sent a cool 4,364 ETH – that’s, what, about $14.47 million – flying off to OKX. Just casual, right? Maybe a little treasury tidying, or perhaps they’re auditioning for the crypto version of hide-and-seek. Either way, investors are now sitting on the edge of their seats, popcorn ready. 🍿
So here we are. ZRO price did the cryptocurrency equivalent of a surprise plot twist. It crawled back from the depths of $1.28 (no one was really betting on that) to an intraday peak of $1.81. Now, it’s testing the key resistance zone of $1.77-$1.82, a place that was once a reliable safety net before the October 10 crash. But, of course, a hero’s journey isn’t complete without a few bumps in the road. 🍿
After a brief flirtation with the critical threshold of $0.0000090, SHIB has recovered somewhat, now trading near $0.0000093. This price range, though modest, has historically drawn the attention of buyers, suggesting a potential pivot in market sentiment. The last time SHIB graced this range, it embarked on a remarkable multimonth rally in February 2024, nearly quadrupling its value. 📈
So, here we are. Zcash-remember it? The privacy-focused token that’s had a lot of potential, but mostly just kind of lingered around doing nothing? Well, it’s back in the top 20 cryptos, trading over $600 for the first time since, get this-2018! Which, by the way, was a looooong time ago. Seven years, to be exact. Crazy, right?
One might be led to believe, by whispers in the crypto corners, that Ethena’s charm has washed away by 100% from a lofty September peak. Alas, on Friday afternoon during the Asian musings, it found itself adrift at $0.31, shedding its market distinction from a splendid $3.7 billion to a meek $2.3 billion. 😢
