BAT price hits new high after 30% daily rally as Basic Attention Token bucks crypto downtrend

Basic Attention Token (BAT) rallied to a new record high on Nov. 26 even as global markets plunged in tandem on fears about a highly mutated variant of Covid19 detected in South Africa. BAT’s price surged over 30% on Friday to reach $1.88 for the first time in history, with its market capitalization rising to $2.74 billion. Its climb appeared in contrast to the cryptocurrency market that lost up to nearly $283 billion in the same period. BAT market capitalization. Source: CoinMarketCap BAT snubs crypto crash Bitcoin (BTC), the world’s largest…

Bitcoin hits 6-week lows in hours as 24-hour crypto liquidations near $650M

Bitcoin (BTC) shed almost $5,000 in a single day on Nov. 26 as bulls faced fresh disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingv Bitcoin targets $54,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed towards $54,000 at the time of writing amid intense volatility. Holders saw major selling pressure after coming within inches of $60,000 late Thursday, the latest attempt to beat resistance nonetheless ending in retreat. Hours later, Bitcoin was back at its lowest since mid-October, and firmly vindicating those who assumed that the current…

Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low

Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart. This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore, remaining of a more convincing trend reversal. “Bitcoin has certainly solidified its support here, producing a long downside wick into the bottom of…

FTX Token hits new record up 50% so far in September — What’s driving FTT price higher?

FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum. On Monday, the FTT/USD exchange rate surged 16.37% to $73.99 in a market-wide rally that saw other top coins post similar but dwarfed price rallies. Additionally, the pair’s intraday climb coincided with gains among top exchange tokens, with Binance Coin (BNB) rising 2.3% and Uniswap’s UNI recording 3.5% profits on a 24-hour adjusted timeframe.  24-hour performance of the…

Doge meme hits $220M valuation, as Sotheby’s Bored Apes auction is tipped to fetch $18M

The original Doge meme NFT has soared to a valuation of around $220 million following its successful fractionalized token sale this week. Ludicrously high prices for in demand NFTs are the flavor of the week, with Sotheby’s new Bored Ape Yacht Club NFT auction predicted to fetch up to $18 million. Earlier this week Doge meme owners PleasrDAO fractionalized the NFT into 17 billion ERC-20 tokens named $DOG, and auctioned off 20% of them on SushiSwap-owned Miso on Sept. 1. The $DOG tokens snapped up in the auction can now…

ADA price hits $3 for the first time as Cardano, Ethereum lead crypto ‘super bull cycle’

Cardano’s ADA token surged to new all-time highs on Sep. 2 as an altcoin comeback gripped cryptocurrency markets. ADA/USD 1-day candle chart (Binance). Source: TradingView Cardano joins Ethereum in serious gains Data from Cointelegraph Markets Pro and TradingView showed ADA/USD clipping $3.06 during trading Thursday. Having shown strength for multiple weeks, Cardano benefited from a broader altcoin resurgence after attempting to hit the $3 mark throughout the second half of August. The move coincided with the launch of the Cardano Alonzo testnet, ahead of a mainnet debut later this month.…

Ethereum price breaks $3,500 and hits 3-month highs against Bitcoin

Ethereum’s native asset, Ether (ETH), has extended its rally on Wednesday to log multi-month highs against Bitcoin (BTC) and the United States dollar. The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. Meanwhile, bids for ETH/USD climbed 3.4% to $3,546, the highest since May 18, showcasing a renewed upside sentiment in the second-largest cryptocurrency market after it consolidated sideways for more than three weeks. ETH/USD and ETH/BTC daily price chart. Source: TradingView Ether’s price jump appeared despite a wobbling price behavior across the…

Illuvium hits new highs as interest in NFT-based blockchain gaming skyrockets

The world of nonfungible tokens and blockchain gaming has seen immense growth and progress towards mainstream adoption in 2021. Recently, the movement picked up steam as an array of celebrities and internet influencers jumped on the hype train by purchasing premium digital collectibles.  One project that has quickly risen in value over the past two months as details about its ongoing development trickle to the public is Illuvium (ILV), an open-world fantasy battle game built on the Ethereum (ETH) blockchain. ILV/USD 1-day chart. Source: CoinGecko Data from CoinGecko shows that after…

SOL burn? Solana price hits $100 for the first time after mysterious ‘Ignition’ event revealed

Solana (SOL) prices rose on Monday as traders speculated on what appeared to be a key but mysterious feature launch scheduled for later this week. The SOL/USD exchange rate climbed to a new record high of $103.06 following a 9.35% intraday rally. The upside move surfaced days after Solana introduced “Ignition” on its official media handles. However, the team provided little details about the tool but prompted the community to guess that it would be about burning SOL tokens. The speculation surfaced majorly because of Solana’s Ignition teaser video, which…

XinFin (XDC) hits a new ATH after fresh partnerships and exchange listings

Enterprise adoption of blockchain technology is an important long-term goal of the cryptocurrency community because the integration of digital currencies with daily business activities will bring new users into the ecosystem and provide a boost to on-chain activity. One protocol that has been gaining traction on the enterprise adoption front is XinFin Network (XDC), an enterprise-ready hybrid blockchain solution specifically designed to optimize international trade and finance. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $0.0673 on July 20, the price of XDC rallied…