write2win

EXCLUSIVE FOR VIETNAM CREATOR
Now, the Write to Make Money program has been upgraded with additional bonuses, only for Vietnamese creators!
Create content according to specified topics each week and the top 3 creators with the best quality content will receive a $50 reward in token vouchers (exchangeable into tokens)!
Every week we will create a discussion topic and will give away 50 FDUSD in token vouchers (can be exchanged for money) to the 3 creators whose posts have the highest interaction each week!

Bitcoin (BTC) hit $69,000 on the day of the US election on November 5 as a key onchain metric reversed bullish bias, suggesting BTC's uptrend towards $120,000 "remains intact."

BTC/USD daily chart. Source: TradingView
Rising MVRV Ratio Sets BTC Price Target at $120K
Bitcoin is trying to reclaim its 2022 all-time high of $69,000 as election worries grip the market on November 5.

The famous quantitative analyst PlanB stated that Bitcoin (BTC) is currently preparing for a series of major bull runs based on past precedents.
In a recent update, the anonymous analyst informed his 182,000 YouTube subscribers that his stock-to-flow (S2F) model indicates Bitcoin could exceed $250,000 in the coming years.
His stock-to-flow (S2F) model, initially used for traditional commodities before he adapted it for Bitcoin, predicts the performance of an asset based on the idea that prices rise as the asset becomes scarcer.

As widely expected by market participants, the US Federal Reserve cut its benchmark Fed funds rate by 25 basis points to 4.5%-4.75% on Thursday, following in the footsteps of other central banks to ease monetary policy.
“Labor market conditions have generally eased since the beginning of the year, and the unemployment rate has edged up but remains low,” the press release said. “Inflation has made progress toward the Committee’s 2 percent objective but remains somewhat elevated.”

During a town hall in Pittsburgh, Tesla and SpaceX CEO Elon Musk mentioned XRP and cryptocurrencies, expressing his recognition of the potential of cryptocurrencies amid regulatory scrutiny. Musk emphasized the important role of cryptocurrencies in promoting individual freedom and fighting centralized control.
His comments were well received by the XRP community, demonstrating the growing importance of cryptocurrencies in shaping future financial systems and innovative policies.

Macro investor and fund manager Dan Tapiero believes that Ethereum (ETH) is undervalued in the current market.
The CEO of investment company 10T Holdings told his 120,000 followers on social media platform X that ETH could skyrocket 171% from its current value as decentralized finance (DeFi) projects built on the company's blockchain could thrive under President Donald Trump.

XRP bounced from the uptrend line on October 20, but the bulls could not push the price above the 50-day SMA ($0.56).

XRP/USDT daily chart | Source: TradingView
The bears will try to gain the upper hand by pulling the price below the rising trend line. If this happens, the XRP/USDT pair could drop to $0.50. The buyers have defended the $0.50 level twice before and are likely to do so again.

On November 5, as U.S. voters began to cast their ballots, a wave of large bets in the final stages of the 2024 presidential race pushed the total open interest (OI)* on Polymarket to a record $463 million, marking a significant milestone on Election Day.
Data from Dune, reflecting the total value of positions on the blockchain prediction platform, shows a 40% increase in the past week, from $329 million to $463 million. Notably, most of the activity on Polymarket revolves around the election between former President Donald Trump and Vice President Kamala Harris.

The mysterious developer of the Shiba Inu team, known to the community by the pseudonym Shytoshi Kusama, replied to the tweet stating that SHIB has outperformed Bitcoin in terms of value growth.
This time, Kusama responded to the founder of the investment firm 1confirmation, when this person claimed that Shiba Inu could just be a 'small memecoin'.
The founder of the investment firm 1confirmation, Nick Tomaino, tweeted a list of seven cryptocurrency projects that he believes have had the biggest impact so far. However, this list does not include SHIB.

XRP price has increased by 0.5% over the past 24 hours, moving to $0.5068 after Ripple announced a new oracle integration for XRP Ledger.
The integration with Band Protocol and DIA provides XRP Ledger – currently with over 130 validators across multiple countries – with more reliable real-time data for use with DeFi applications.
In the long run, this could make the XRP Ledger more attractive to institutions and other partners, potentially driving XRP prices massively in the further future.

Dogecoin (DOGE) recently surpassed XRP in market capitalization. The price of DOGE has surged over 25% in just the past 24 hours, pushing the market cap of DOGE to 30.45 billion USD, briefly overtaking XRP before returning to the 8th position on the chart.

Source: Coinmarketcap
The leading memecoin has now surpassed the $0.2 mark for the first time since April.
However, this cryptocurrency is still down by 72% compared to the all-time high reached in 2021. The latest price surge coincides with some notable moves by whales. According to data from Whale Alert, 75 million Dogecoin (DOGE) tokens were recently transferred from Robinhood to an unidentified wallet.

The Cardano (ADA) development team has recently implemented a series of important upgrades to the platform's protocol to enhance performance and ensure stable operation for users. These updates, made this week, focus on optimizing the core elements of the network, including underlying technology, scalability, and other improvements.
Important update from Cardano

In an interview with CNBC, Garlinghouse stated that he has recently been denied banking services. Specifically, he received a call from a major bank, where he had maintained an account for 25 years, informing him that he only had 5 days to move his funds.

When asked about the reason, Garlinghouse said the bank was very straightforward:
'They said, 'You are a prominent figure in the cryptocurrency industry, and providing services to you would lead to stricter scrutiny from federal regulators. Therefore, we cannot continue to serve you.'

According to data from DeFiLlama, USDC is currently the dominant stablecoin in the SUI ecosystem, with a market share of 72.23%. The total market capitalization of stablecoins in this network reached 388.03 million dollars at the time of writing. In comparison, in January 2024, the market capitalization of SUI was just below 6 million dollars.

Source: DeFiLlama
The market capitalization of SUI's stablecoins has grown strongly, with an increase of 88 million dollars after ending October at 300.24 million dollars. Previously, the network had reached an all-time high (ATH) of 438.64 million dollars in October.

On October 24, Microsoft filed a document with the US Securities and Exchange Commission (SEC), revealing a surprise in its annual shareholder meeting agenda on December 10.
In addition to routine items like board member elections, approval of independent auditors, and reporting on artificial intelligence (AI) misinformation issues, one proposal stood out: “Bitcoin Investment Review.” Notably, Microsoft’s board of directors recommended that shareholders vote against the proposal.