Base is an example of successful L2 scaling, though still lagging behind Solana's traffic capabilities. Despite this, Base is among the leaders in L2 scaling. source: https://www.cryptopolitan.com/base-reached-new-transaction-record-with-minimal-rent-to-ethereum/

According to U.Today, renowned trader Peter Brandt has shared his insights on the price dynamics of two prominent altcoins, Ethereum (ETH) and Solana (SOL). Brandt, who has been a significant figure in the financial markets since the 1970s, recently commented on the complexities and costs associated with Ethereum. He described ETH as a "completely broken utility coin" due to its intricate ecosystem and high transaction fees. This perspective aligns with his earlier criticisms of Ethereum, where he pointed out the limitations of the cryptocurrency as a functional ecosystem. Despite his critical stance on Ethereum, Brandt's analysis indicates that both Ethereum and Solana are positioned for substantial movements alongside Bitcoin, which has recently achieved a new all-time high exceeding $75,000. Brandt highlighted that while Solana is reaching new price highs, Ethereum is still contending with significant overhead resistance, which could hinder its performance. He expressed a preference for Solana, noting its potential to break into new highs, whereas Ethereum is still "chewing into overhead resistance." The discussion around Ethereum's price has been a major topic throughout the year, primarily due to its underperformance compared to Bitcoin and Solana in 2024. As of now, Ethereum's price has only increased by 23.21% since the start of the year. Meanwhile, Solana is gaining traction as a viable competitor to Ethereum, attracting users and investors seeking more efficient alternatives. This situation presents a dual narrative: on one hand, Ethereum is anticipated to grow, even according to its critics, but on the other hand, its transaction costs and operational complexity pose challenges to its long-term sustainability.

According to U.Today, the price of the cryptocurrency XRP experienced a notable increase today, with its value rising from $0.5527 to $0.578 within just over an hour, marking a 4.71% gain. This surge brought XRP to its highest level since early October. The reason behind this sudden price movement remains unclear, as there were no significant news events related to XRP during this period. Interestingly, this price spike occurred just before the formation of a technical pattern known as a 'death cross' on XRP's daily price chart. This pattern, characterized by the 50-day moving average crossing below the 200-day moving average, is often seen as a bearish indicator, suggesting potential price declines. Historically, when XRP last experienced a death cross, its price dropped by more than 20% over the following 70 days, reaching a low of $0.4. The current situation presents a complex scenario for XRP. While the death cross typically signals a bearish trend, today's rally could indicate heightened interest and trading volume. This juxtaposition of a bullish price movement against a looming bearish technical pattern suggests a potential shift in market sentiment. As a result, XRP has captured the attention of investors and enthusiasts, setting the stage for potential volatility in the near future.

Former Binance CEO Changpeng Zhao, also known as CZ, recently addressed the second anniversary of the FTX collapse. In a social media post, Zhao commented on the sudden collapse of FTX, saying that the events seemed to have happened two decades ago. The FTX exchange, which was at one time the world’s second-largest crypto exchange, […] source: https://www.cryptopolitan.com/changpeng-zhao-reflects-on-ftx-anniversary/

The bank estimates that a reset on crypto in the U.S. will quadruple the market’s value in short order, with Bitcoin spiking to $200,000. source: https://decrypt.co/290918/bitcoin-boom-trump-crypto-10-trillion

UBS has successfully piloted its blockchain-based payment system to improve the effectiveness of international transactions.  In an effort to increase the effectiveness of cross-border transactions, multinational financial firm UBS has finished a trial of its blockchain-based payment system, known as “UBS Digital Cash.” The Zurich-based bank said in a news release on Nov. 7 that […] The post... source: https://coinscreed.com/ubs-pilots-blockchain-based-payment-system.html

This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN. source: https://cointelegraph.com/news/crypto-biz-us-elections-crown-polymarket?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The maker of Rumble Racing Star is going all-in on Telegram and The Open Network, starting with a new entry in the Ragnarok franchise. source: https://decrypt.co/290920/ragnarok-boxing-star-telegram-delabs-games

The stablecoin firm previously came under fire from Wyoming Senator Cynthia Lummis for allegedly facilitating illicit finance activities. source: https://cointelegraph.com/news/canadian-police-praise-tether-swift-recovery-stolen-funds?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

As the Decentralized Finance (DeFi) dominance debate continues in the broader cryptocurrency space, every investor will continue to have their preferences. As an anchor, an investor might choose utility, gas fee, transaction speed, or throughput. The debate this time focuses on Ethereum (ETH), the leading altcoin, and Solana (SOL), its biggest competitor. Brandt’s Analysis: SOL’s […] The post... source: https://www.thecoinrepublic.com/2024/11/08/peter-brandt-picks-solana-over-ethereum-amid-defi-dominance-war/

Alex Svanevik, CEO of Nansen, launched a Solana memecoin named IQ, which soared to a $6 million market cap before falling to around $1 million. The ease of creating memecoins through platforms like MakeNowMeme and Pump.Fun has led to many scams, emphasising the need for cautious investment.

Neiro is a memecoin inspired by a rescue dog and launched on both Solana and Ethereum. The Solana-based Neiro faced suspicions of a rug pull after its developer made $2.85 million, while the Ethereum version has seen rapid growth but also raised concerns about insider control.