From the perception that Bitcoin can hit the $250,000 level to Ethereum will lead the rest of the bull market. Here are some highlights from the crypto market.

Bitcoin News

Morgan Creek's Mark Yusko talked about the reasoning behind his prediction that Bitcoin could hit $250,000 during a recent appearance on CNBC's "Power Lunch."

He told veteran host Melissa Lee that the leading cryptocurrency will be able to reach sky-high prices if its market capitalization is on par with that of gold.

Yusko claims that the total market capitalization of gold is around $10 trillion. While jewelry and other industrial use cases account for about half of the market, the other half is the metal's monetary value.

The American hedge fund manager believes that Bitcoin will “easily” reach the equivalent of gold within four years, which equates to a BTC price hitting the $250,000 region.

The number of non-zero Bitcoin addresses hit the ATH level.

The number of non-zero Bitcoin addresses just hit ATH nearing the 390.4 million region. Along with other indicators, this points towards a potentially further bullish outlook for Bitcoin in the near future.

The data shows that the number of non-zero Bitcoin addresses has just hit the ATH threshold. This bodes well for the market, as these addresses tend to rise along with the Bitcoin price.

Number of unique addresses containing Bitcoin | Source: OKLink

Likewise, the total number of unique Bitcoin addresses is also steadily increasing, at over 905 million by mid-November 2021. This is trending upwards despite the current price action. However, it is close to reaching the 1 billion unique address threshold, an “extraordinary” milestone for the BTC network.

Ethereum News

The CEO of Real Vision, Raoul Pal, said that the crypto market is showing signs that a new big move is approaching.

In an interview with Ash Bennington on Real Vision Finance, Pal said that the ETH/BTC trading pair suggests the crypto market may be entering a “crazy” phase.

“The chart that I think is the most important right now is the chart of ETH/BTC. It is currently at 0.074 BTC. At 0.08, it broke out of this pennant and the larger underlying pattern that has been around for many years. It looks like its performance will be twice that of Bitcoin.”

The former Goldman Sachs executive thinks the current bull cycle will last longer than most traders anticipate. According to Pal, Ethereum will lead the rest of the crypto bull market.

Dogecoin News

Robinhood sent Dogecoin to an external wallet for the first time to test the much-anticipated feature.

Christine Brown, managing director at Robinhood Crypto, briefly announced the app's crypto wallet feature.

It shows a 420.71 DOGE ($91.82) transaction being processed with a fee of 0.02 DOGE ($0.0044). Fees on the Dogecoin network have become significantly cheaper after the release of Dogecoin Core 1.14.5.

Royal News

Online music platform Royal has announced a Series A funding round led by venture capital giant Andreessen Horowitz.

Royal allows fans to purchase music rights through NFT. Its co-founders, entrepreneur JD Ross and DJ Justin Blau, stage name 3LAU, announced on November 23 that they have closed a $55 million Series A funding round, following a seed round $16 million in August.

Renowned venture capital firm Andreessen Horowitz, or a16z, led the round. Kathryn Huan, General Partner at a16z tweeted about the company's investment, referring to Royal's ability to transform the music industry.

News Shimmer

IOTA announced the launch of limited edition Shimmer Jersey and 11,111 Genesis NFT which comes with exclusive perks and roadmap to accelerate the development of the entire ecosystem.

Shimmer Genesis NFT is for early adopters in the ecosystem, NFTs will be decentralized into Gold, Silver and Bronze, priced at different rates and in limited quantities.

Each NFT provides a reward staking, for both NFT holders and the Shimmer vault. However, it is important that the staking rewards will only be unlocked and distributed after going through the governance voting process of the Shimmer community.

News SAND

After NIKE, it was Adidas' turn to announce the idea of ​​​​combining with The Sandbox (SAND) project to implement the metaverse.

On November 23, the crypto community stirred again with the news that sportswear brand Adidas will become the latest name to join the metaverse field, collaborating with The Sandbox (SAND) project.

Accordingly, the official Adidas Original Twitter page retweeted The Sandbox's post, in which the Adidas logo was placed on a plot of land in the virtual world of the project.

News OlympusDAO

OlympusDAO has integrated Chainlink VRF on the Ethereum mainnet, opening access to a verifiable random number generator that is used to select winners in a lossless lottery on the OlympusDAO protocol.

This helps ensure that the lottery process is fair and transparent, building a more fun and enjoyable staking experience for ohmies participating in the recurring raffle (3,3).

News Shiba Inu

While the correction in the crypto market is continuing and some whales are leaving their positions by getting into stablecoins, SHIB whales have purchased 850 billion tokens worth $36 million through trading. OTC or private trading, regardless of the 50% correction of the market.

However, the SHIB price is still down 5.10% in the last 24 hours. Prior to that, Shiba Inu whales lost more than 4% of their total holdings and decided to move their funds to Tether.

News Zilliqa

Zilliqa has joined the NFT music platform, TokenTraxx, as part of a $1.1 million partnership agreement, with the goal of modernizing the music industry by making the marketplace fair and equitable. more useful.

The foundation aiming to become carbon neutral by 2022 is looking forward to exploring the music industry with the help of a powerful blockchain network, while NFT technology will be used as a bridge between the world. real world and blockchain technology.

News JRR Token

A cryptocurrency called “JRR Token” has been filed a complaint by the legendary British writer, John Ronald Reuel Tolkien.

The dubious cryptocurrency surfaced in August after actor Billy Boyd, who played Pippin in The Lord of the Rings, advertised it on Twitter. This tweet has now been deleted. This token is issued on Binance Smart Chain, has a supply of up to 19 trillion.

Over-exploitation of the "Lord of the Rings" brand has led many of the franchise's fans to accuse the project of being a brazen money-collector.

Tolkien's lawyers promptly filed a copyright infringement complaint with the World Intellectual Property Organization (WIPO).

WIPO has decided that the JRRToken.com domain should be claimed. On top of that, the Florida-based token developer will have to cease all activities under its current name and remove all Tolkien related content.

Other news

Bit2Me partners with Prosegur Crypto custody solution.

Bit2Me will use Prosegur Crypto to store a portion of its funds in the company's custody solution, providing increased security compared to a traditional storage solution.

Bit2Me is one of the most prominent companies in terms of security on the Spanish market. The company provides the best and highest possible security for both physical and digital assets. By partnering with Prosegur Crypto, Bit2me confirms its position as one of the most sophisticated and secure companies in the market.