The esteemed CoinDesk 20 now sits at an impressive 3691.75, up by 5.4%, or in more dramatic terms-about 190.65 points-since everyone’s favorite coffee break at 4 p.m. ET on Friday. Just a casual stroll upwards-like your most optimistic nephew trying to impress the relatives during the holidays.
Cantonese Cat, ever the drama queen, claims the last cycle was an “anomaly” because Dogecoin just… poof-soared through the Superlchi cloud without so much as a “by your leave.” This time, though, it’s been back-testing the cloud like a disgruntled squirrel hoarding acorns. 🐿️
Cuomo pledged to make New York City the ‘world capital’ for crypto and DeFi. Because nothing says “leadership” like putting your faith in a system that’s 90% memes and 10% math. 📈
Coinbase, that big, shiny centralized cryptocurrency exchange (CEX) that thinks it’s too important to be forgotten, fell victim to an AWS data center hiccup. The issue? “Increased error rates and latencies” in the Northern Virginia region. Translation: everything went as smoothly as a shopping cart with a broken wheel.
The Friday 10 October crash was almost certainly not expected by any XRP investors, especially given that the $2.72 horizontal support level had been holding so well up to that point. For those with particularly agile fingers and who held plenty of conviction and resolve, buying near the bottom of the candle wick down to $1.60 would have been a great buy, given the alacrity with which the price then shot back up. 🚀
On X, Silbert quipped, “Oh, how delightfully dramatic that BlackRock, the titan of asset management, would never grace Zcash with an ETF.” One might call it a Shakespearean twist: privacy coins vs. institutional giants, all while regulators sip tea and frown.
Behold, the trading volume swelled like a bureaucrat’s ego, by 500%, as investors, those fickle moths to the flame, flocked to BIO with the fervor of peasants to a miracle spring. 🦋🔥
But don’t get too comfortable, folks. Despite being down a jaw-dropping 32.8% this month, today’s little rally has brought a whiff of optimism back to the meme coin lovers out there. They’re all thinking, “Maybe this one isn’t a lost cause after all.” But hold onto your hats because there are a few key reasons behind this rise. First, the whales-those giant, mysterious creatures of the crypto sea-have been quietly hoarding more than 4.02 trillion PEPE since February. So much for ‘supply and demand’! The more they buy, the less there is to go around, and as history shows, that often leads to price jumps. 😏
Brace yourselves for potential chaos, or, depending on your perspective, some sweet price fluctuations. Here’s your official guide to navigating this storm of unlocked tokens. Spoiler: It’s not for the faint-hearted.
