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The post Bitcoin Rises Above $38,000 Again! Is it a Rise Above Bearish Trap or the Beginning of a Real Flush? appeared first on Coinpedia Fintech News
The Bitcoin price faced a rejection from the yearly highs above $38,400 a few days ago. The price further underwent a parabolic recovery to regain the lost levels above $38,000. Besides, the buying pressure has eased to a large extent, causing the price to slightly drop below the daily high of $38,377. This may indicate …

Coinpedia

Bitcoin Rises Above $38,000 Again! Is it a Rise Above Bearish Trap or the Beginning of a Real Flush?

TIA, UNI, and TON price gains put these cryptos on the map as the best crypto to buy now alongside new presales of Bitcoin ETF Token and Meme Kombat. Image by cryptonews.com. The 7% TIA price surge so far today has positioned Celestia as one of the best crypto to buy now, while Uniswap and […]
The post Best Crypto to Buy Now November 28 – Celestia, Uniswap, Toncoin appeared first on Cryptonews.

Cryptonews

Best Crypto to Buy Now November 28 – Celestia, Uniswap, Toncoin

DOT, the native currency of Polkadot, a smart contract platform, remains under pressure, posting sharp losses after soaring to an all-time high of around $55 in 2021. The coin is trading at about $6, volatile but up roughly 45% from 2022 lows, buoyed by the broader recovery across the crypto scene. Will DOT Break Above Immediate Resistance Levels? Despite DOT’s woes, one crypto trader, @Ashcryptoreal, is bullish on the coin’s prospects, pointing to the eventual implementation of Polkadot 2.0, a critical update for the cross-chain network. Taking to X on November 27, the crypto trader believes that Polkadot 2.0 will fix present issues plaguing the smart contract platform.  Specifically, Polkadot 2.0 represents an overhaul set to introduce several enhancements that could, if executed as stated, propel DOT above current resistance levels. With rising DOT demand, the coin, and by extension, the platform, could soar, rising to its former glory as one of the leading blockchains with dense user activity.  Related Reading: Shiba Inu Burn Rate Skyrockets Close To 500,000% in 24 Hours Looking at price action, DOT is moving within a broad horizontal range with caps at around $3.5 and $7.5. Despite the recent spike, which saw the coin roar by 45%, prices are moving inside the bull bar of early November.  Based on this, there must be a sharp expansion from spot levels above $5.6 with rising trading volumes for buyers to be in charge. Even so, the current formation still favors buyers. What’s The Big Deal About Polkadot 2.0 Polkadot 2.0 overhauls certain features as it is currently in the network. However, most importantly, analysts observe that proposed changes could enhance the network’s capabilities and attract more developers.  After the update, Polkadot will migrate from the dynamic block space allocation system, allowing developers to purchase block space as needed, either in bulk or individually. This flexibility could make the network more appealing to various projects. Additionally, Polkadot 2.0 will introduce elastic cores, enabling the network to adapt to varying computing demands depending on use. This adaptability may make the network more efficient. Moreover, it adapts to the diverse needs of developers. Related Reading: Crypto Analyst Predicts 4400% XRP Price Surge To $27, Here’s When The concept of coretime, which measures computing resource demands, will be a notable addition to Polkadot 2.0. Like in EOS, resources in “core time” will be purchased through auctions or pay-as-you-go basis, allowing developers more control. Analysts expect these changes to increase the demand for DOT since the coin serves as a medium of exchange. All on-chain transactions are settled in DOT.  Feature image from Canva, chart from TradingView

NewsBTC

Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0

Crypto space is again recovering after the Binance debacle and tokens like FTX Token (FTT), Toncoin (TON), and Polygon (MATIC) are some of the best cryptos to buy now in November. While Bitcoin is still leading the race with a huge upsurge within a couple of months, FTT along with TON and MATIC is spiking 
The post Best Crypto To Buy Now On November 28 – FTX Token, Toncoin, MATIC appeared first on CoinGape.

Coingape

Best Crypto To Buy Now On November 28 – FTX Token, Toncoin, MATIC

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