Technically Speaking – November 6, 2023

As we approach the end of the first week of November, several cryptocurrencies have already posted impressive double-digit gains. 

Cardano

ADAUSD Monthly Chart – Click to enlarge.

Cardano’s monthly chart shows something occurring that has happened since October 2021: a close above the monthly Tenkan-Sen. 

Despite today being only the sixth day of November, $ADA is still up +25% this month – so there’s plenty of room and time for prices to make or break this bullish momentum. 🤯

The Graph

GRTUSD Monthly Chart – Click to enlarge.

While not a big name on people’s radar outside of crypto, $GRT is a well known name within the crypto space – specifically with A.I..

The Graph is up an impressive +38.32% in November so far, just shy of the highest monthly close of 2023. 📈

NEO

NEOUSD Monthly Chart – Click to enlarge.

NEO used to be one of the big darlings of crypto during 2017’s rally – fast forward six years, and NEO has definitely lost some of its luster. 

That hasn’t stopped it from having some impressive gains over the past couple of months, specifically, the nearly +40% gain it’s had so far this month. 🚀

Uniswap

UNIUSD Monthly Chart – Click to enlarge.

The biggest name in the DEX space, Uniswap, is up +22% so far this month, making play for the highest monthly close in three months – it’s already made a new three-month high. 

After cracking below the critical $5 mark in August, it looks like bulls are making an attempt to reclaim what was lost. 💣

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You Lucky SOBs

This is such a typical memecoin story (and they pop up quite a bit during bull runs), and this one involved Dogwifhat ($WIF). 🐶

Some dood turned $1,750 into $11.2 million. He bought 5.1 million WIF in November and then spent who knows how many sleepless nights this month figuring out how to cash out on his lottery ticket. 

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NFTs R Back?

Not much needs to be said here for this newsworthy event. 🤦‍♂️

Straight from the Gurg himself:

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Frogs, And Dogs, And BONKs Oh My

Memecoin madness is back, and it’s like deja vu. All over again, like deja vu. 🐶

According to the fine folks at Santiment, the spotlight’s on $PEPE, $FLOKI, $BONK, and a few others, all of which have decided to moon together. Price surges of over 500% and trading volumes that skyrocketed nearly 3,000%? Just another crypto memecoin insane bull run

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Crypto News In Three Sentences – March 1, 2024

👀 Bitcoin ETFs Fly High Without Vanguard: The SEC’s nod to Bitcoin ETFs brings a seismic shift, yet giants like Vanguard ($VOO) stay on the bench, watching millions flow into these new funds. Despite Vanguard CEO Tim Buckley bowing out amid whispers of regret of not joining everyone else at the BTC ETF party, considering most of Vanguard AUM grew under Buckley, the no BTC ETF probably isn’t why. Probably. Maybe. From DailyCoin

🏦 Wells Fargo and BoA Embrace Crypto Craze: Speaking of Bitcoin ETF acceptance, Wells Fargo ($WFC) and Bank of America ($BAC) take the crypto plunge, offering Bitcoin ETFs to their daring clients. They join a financial frenzy alongside Schwab and Robinhood, contrasting Vanguard’s skeptical stance. Hey, maybe Wells Fargo will open crypto accounts for people who never asked them to? More from Cryptopolitan

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