G.M.. Welcome back to BitPinas Key Points – cryptocurrency news in concise formats for easy reading. In today’s daily summary: Tron is on the rise and here’s why.
Side note: We published a sort of farewell article for the first crypto community manager Eric CristĆ³bal, who passed away this week. Please see the piece here and the facebook post here.
Plus the latest cryptocurrency news from the last 24 hours.
Market analysis and updates š
Here are the most notable cryptocurrencies of the day:
Cryptocurrency price update
- Bitcoin (BTC): $96,607.21, an increase of 0.5% in the last 24 hours.
- Ethereum (ETH): $3,684.44, an increase of 0.8% in the last 24 hours.
- Solana (SUN): $238.26, 4.7% less than the previous day.
Trending Coins Update
- tron: $0.4109, 76.9% more than the previous day.
- but you: $0.0745, an increase of 74.5% in the last 24 hours.
- Solar tab: $0.0363, 41.6% more than the previous day.
For daily price updates, check out our post on Facebook.
Justin Sun’s Tron is active and this is why
TRX has reached $0.4313, an all-time high.
Key numbers:
- Its market capitalization has exceeded $35.1 billion, an increase of 81% in one day (CoinGecko).
Why is this happening? Money made from Bitcoin appears to be flowing into older, legacy projects. For example, XRP and Cardano prices broke records in the last 7 days.
As for Tron, This is its first major rise in seven years, surpassing some expectations that the crypto project founded by Justin Sun will be relegated as the blockchain where many of the USDT transactions take place.
Bitcoin and Ethereum have remained relatively stable over the same period
Memecoins are also in momentum on Tron, Decrypt has reported:
- FoFar (FOFAR): Earn 240% in 24 hours.
- Simulated (SIMULATED): It maintains the maximum volume of operations, reaching 163 million dollars.
- Tron Bull Coin (TBULL): Market capitalization doubles in one day to $27.9 million.
What’s coming: We all hope these older crypto projects continue to rise. Because? Because most of them are down 90%, which makes them more receptive to new liquidity.
Philippines Crypto News šµš
- YGG released Beginner Mission Series: GAP S8 Missions Episode 4.
- PDAX sleepless a December promotion for its top 100 frequent traders who will share a BTC prize pool worth ā±500,000, as well as weekly CELO airdrops.
- BitPinas article: Eric Cristobal, one of the first creators of Filipino crypto communities, passes away.
Worthy of mention š
Key updates and announcements from around the world of cryptocurrencies and blockchain:
- US Bitcoin and Ethereum Spot ETF saw record inflows of $7.6 billion in November.
- Analysts states that XRP’s rise is driven by regulatory hopes, potential ETF approval, and growing institutional interest.
- Coinbase add Moo Deng (MOODENG), a viral Solana-based memecoin, to its listing roadmap.
Educational Corner š
- After the bull market, several traders made substantial profits aka. But what is Paldo? Learn where to place your crypto profits after a significant profit here.
Regulation monitoring š
Stay informed on the latest regulatory updates and what they mean for you:
- Cambodia blocks access to 16 crypto exchange websites.
- Taiwan accelerated its AML compliance deadline for crypto exchanges, imposing stricter rules with penalties and fines.
- the united kingdom is moving forward Crypto regulations focusing on stablecoins and staking to attract businesses and compete globally.
Meet Eric Cristobal (LinkedIn): He is a key figure in the blockchain and Axie Infinity communities in the Philippines.
- He served as Ecosystem Growth Lead at cLabs (Celo) from 2020 to 2022, focusing on community engagement and promoting financial inclusion in the Philippines.
- CristĆ³bal was also Social Media and Country Manager of OKEx (2018-2020).
- He founded and led EMC, an Axie Infinity guild.
- He also worked with DAO Maker, BitMart, and Iskra in roles that emphasized community building and business development.
More news about Web3 and AI š”
Discover the latest in web3 and AI innovation.
- OpenPad AI increase $2 million to integrate decentralized AI analytics with blockchain.
- solarium has been aggregate as a payment option on the Crypto Life platform, allowing users to make purchases at 90 million merchants worldwide using SOL.
- In 2024hackers heist $1.48 billion from cryptocurrencies, with DeFi projects accounting for all losses.
The future of web3 is games and here you have the latest news.
- Portal launched a cross-chain wallet and game discovery center to improve interoperability and game quality in crypto games.
- Open Season burned 82% of its FU token supply to reduce overallotment, making the token more attractive by decreasing the team’s control over it.
- The REVV Racing 2.0 Tournament offers Rewards for Lamborghini Revuelto NFT holders and exclusive Genesis Capsule airdrop.
Event announcements š
Don’t miss it: Upcoming events, webinars and meetups in the crypto space in the Philippines!
Stay connected:
We’d love to hear from you! Respond with your thoughts or questions.
This article is published on BitPinas: Here’s why Tron (TRX) hits its all-time high | Key points | December 4, 2024
