Blockchain

Celestia (TIA) has hit an all-time high, making waves in the world of cryptocurrency. It’s the first-ever modular blockchain network, which basically means it’s a new kind of technology that’s changing how blockchains are created and used.

At the time of writing, TIA was trading at $5.25, and registering an impressive 126% increase in the last seven days, data from Coingecko shows. However, the token sustained a 12.7% loss in the last 24 hours.

Celestia’s unique method separates different parts of the blockchain process, making it easier to set up individual blockchains. This innovation has pushed Celestia to the forefront of the evolving world of blockchain technology.

With a market cap exceeding $691 million, Celestia has quickly become one of the fastest-growing blockchains. The network, backed by OKX, recently launched its mainnet and issued an airdrop to over 190,000 people, despite having 610k eligible recipients.

The price of Celestia TIA had a significant decline during the past two days, dropping from its top of $6 on Monday to a low of $4.21. However, the price rebounded on Tuesday morning. The current value of the token is nearing the significant halfway point to $5.50.

According to Santiment’s data, the trading volume of TIA has demonstrated positive advancements from November 11th. As of the current moment, the trading volume stands at $751.37 million. This was a level of value that had not been approached since its initial introduction.

A significant level of trading volume serves as an indicator of heightened liquidity allocation towards a token, along with a corresponding level of market interest.

When examining the impact on price, an upward trend in volume, coupled with a concurrent rise in price, has the potential to reinforce the direction of price movement.

On the flip side, Celestia’s online buzz has decreased significantly, dropping by 55.5% in the last day, according to data from Santiment. Despite this decline in social media chatter on platforms like Twitter, Telegram, and Reddit, Celestia remains prominently featured on CoinMarketCap.

This drop in social volume comes after the platform launched its mainnet on October 31, distributing TIA tokens to 580,000 eligible users through an airdrop.

The TIA token has grown remarkably, rising by 154% from its starting price of roughly $2.1, or 135% over the last week, despite a decline in online discussions.

The asset’s listing on Binance has added to its momentum, showcasing promising solutions for scalability that competitors like Ethereum (ETH) and Solana (SOL) have struggled to deliver to their users.

Taking a conservative approach, it is possible that TIA may reach approximately $11 by the end of the year. This scenario postulates that the ongoing upward trend will soon come to an end, leading to a subsequent phase of correction.

In an ideal scenario, a regression towards the $3.40 region might establish the foundation for a more significant upward movement, potentially attaining a value of $10 during the third wave and beyond $11 subsequent to a consolidation in the fourth wave.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from NASA

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On-chain data suggests the next major Bitcoin support level could be at $30,200 if the level pointed out by this analyst is lost.

Bitcoin Currently Has Support Levels At $36,400 And $34,300

In a new post on X, analyst Ali has discussed how the various support levels of BTC are looking like right now from an on-chain perspective. A level may be defined as support based on the amount of Bitcoin that was bought by the investors at said level.

Generally, whenever the price declines to the cost basis of an investor, they might become more likely to show some kind of move. Since the holder had last been in a state of profit, they might tend to believe that the asset would rise again in the future, if the prevailing trend is bullish in the market.

Thus, the investor could decide to buy more near their cost basis, thinking that it would turn out to be a profitable “dip” buy. Naturally, just a few traders showing this behavior won’t have any real effects on the price of the cryptocurrency. But if a large number of investors had bought around the same price level, the asset retesting at this level could produce a notable reaction in the market.

Such buying that would emerge could provide support to the cryptocurrency. Now, to view these support levels, the analyst has cited the “UTXO Realized Price Distribution” (URPD) metric from Glassnode, which tells us about the amount of supply that was last acquired at each of the price levels that the asset has visited in its history.

As displayed in the above graph, the prices around $36,400 hold the cost basis of a notable amount of the supply. The asset has dipped under this mark during the past day, though, implying that the cryptocurrency may be beginning to lose this major support area.

If the asset can’t reclaim this level, the next major support level would be present at $34,300. A decline towards this mark would suggest losses of more than 5% for the asset.

This support level is thinner than the one the asset is retesting right now, however, meaning it’s possible that the level may not be able to stop the asset from declining even further.

Should this scenario play out, Bitcoin would next have support about 16% down from the current spot price of $30,200. From the chart, it’s visible that all of the price levels below this support area till $25,000 host the cost basis of a significant amount of investors, meaning that these levels should pose a potentially impenetrable wall for the asset.

Thus, a decline to $30,200 is possible in the near term if the $34,300 level becomes lost, but it’s unlikely that Bitcoin would drop further than that.

BTC Price

Bitcoin had been hanging on at $37,000 recently, but it appears that the asset has finally slipped, as it’s now trading under $36,300.

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Popular crypto analyst Don Alt has joined the bandwagon of predictions pertaining to Spot Bitcoin ETFs. Don Alt recently took to social media platform X to convey a strong bullish Bitcoin price sentiment, issuing a forecast that the cryptocurrency is on the verge of going supersonic to $60,000 in the coming months. 

Even a $100,000 price point is not out of the books, according to this analyst. The catalyst for this potential liftoff? The long-awaited approval of a Spot Bitcoin ETF in the US. 

Bitcoin’s Supersonic Rally to $60,000

Don Alt is known for accurately predicting Bitcoin price points in the past and correctly pinpointed the crypto’s lowest price point in 2022. Now, Don Alt is of the notion that Bitcoin is poised for a massive price surge in the coming months that could send it soaring to $60,000.

It’s no news that this recent rally is due to the excitement around the SEC’s approval of spot Bitcoin ETFs and the analyst thinks this rally will continue until a $60,000 price point. The digital currency is already up by 121% since the beginning of the year and has broken multiple yearly highs in the past month. 

The longer the SEC takes to approve the applications, the higher the rally will continue in anticipation. However,  the analyst took a different line of thinking and considered the likelihood of a price decrease after the approval. 

Don Alt mentioned that the approval might turn into a “sell the news moment,” implying that there might be many more bears waiting to take advantage of the price jump to sell off than the market thinks. 

“Now, after the ETF gets approved, things might get a bit tricky. It could be a ‘sell-the-news’ moment, or maybe not. To be honest, I don’t know,” Don Alt said.

This line of reasoning resonates with economist Peter Schiff, who warned that approval of Spot Bitcoin ETFs might lead to a Bitcoin price decline. Schiff also believes that there could be a larger number of people sitting on their assets in anticipation of an opportunity to sell at a higher price. 

On-chain data shows that large investors have been selling off in light of profit-taking. Bitcoin whales and sharks have sold around 60,000 BTC, worth about $2.2 billion in the past week.

Bitcoin Price To $100,000?

Don Alt dismissed bearish sentiments, particularly those waiting for a Bitcoin pullback to $12,000. “BTC is more likely to go to $100,000 here than it is to go back to $12,000,” he said.

The SEC is slated to decide on 12 ETF applications by November 17, although they might not be approved until January 2024.

At the time of writing, Bitcoin’s rally has slowed down, and the asset has consolidated just below and above the $37,000 price point. 

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Surging to a notable six-month peak of $20 in the previous week, Avalanche (AVAX) has attracted substantial investor attention, prompting an exploration of the fundamental drivers behind this impressive upward price movement.

Some analysis have singled out the resurgence of GameFi within the Avalanche ecosystem as a pivotal catalyst potentially fueling additional gains in AVAX.

Specifically, on Monday, AVAX revisited the $20 threshold, marking a significant milestone as this price level hadn’t been seen since April 2023.

The GameFi Surge On Avalanche: Unveiling Growth Potential

The GameFi revival as a major growth catalyst suggests that the intersection of decentralized finance and gaming applications within the Avalanche network holds considerable promise.

As the market absorbs this resurgence, questions naturally arise about the sustainability of the bullish momentum and the underlying factors contributing to the recent breakout in AVAX’s price.

In light of these developments, a deeper analysis is warranted to understand the potential extent to which the bulls can propel this rally and the broader implications of the GameFi revival within the context of the Avalanche ecosystem.

As optimism permeated the cryptocurrency sector, the prosperity of ecosystems experienced a widespread upswing across diverse networks.

Avalanche (AVAX) seamlessly joined this trend, affirming its participation in the prevailing positive sentiment within the crypto space. This collective ascent underscored the buoyancy of various networks, including AVAX, as they navigated the evolving landscape of the digital asset market.

Meanwhile, TraderJoe, a prominent decentralized exchange (DEX) on the Avalanche network, has witnessed an impressive growth, marked by a significant surge in trading volume and fees collected over a specific period.

Watching @TraderJoe_xyz as a dual play both on Avalanche and Arbitrum.

– Trading volume +112%
– Fees +146%
– Supply-side fees rose to $138,000
– Trading Volume by chain: 74% Avalanche/ 25% Arbitrum

Trader Joe enjoys the volume from both narratives. pic.twitter.com/0BkP3zzU7V

— Emperor Osmo (@Flowslikeosmo) November 13, 2023

The trading volume experienced an increase of more than 100%, indicating a substantial uptick in user activity on the platform. Simultaneously, fees generated from trading activity soared by an impressive 146%, reaching a substantial sum of nearly $140,000.

At the time of writing, AVAX was trading at $17.03, down 6.5% in the last 24 hours, and tallied a solid 32.4% in the last seven days, data from Coingecko shows.

This surge in supply-side fees underscores the increasing utilization of the TraderJoe platform within the Avalanche network. The distribution of trading activity reveals that a substantial majority, accounting for 74%, occurred on the Avalanche chain, emphasizing the platform’s popularity within the Avalanche network. The remaining 25% of trading took place on Arbitrum [ARB].

Avalanche Network Activity Tells A Different Story

As this developed, another interesting aspect has been observed in the network: In the last quarter, activity on the Avalanche network experienced a downturn, witnessing a decline in both transaction volume and active addresses on the prominent “C-Chain” compared to the preceding quarter of 2023.

Source: Nansen

Data sourced from DeFi Llama indicates a nearly 30% slump in Avalanche’s total value locked (TVL) during Q3, plummeting from $706 million to $512 million. Although there has been a subsequent 10% rebound in TVL to $564 million, daily transactions continue to linger at a lower figure, standing at 232,000.

AVAX Price In Peril?

Nansen’s data reveals that daily active users reached a peak of 86,000 in Q3, showcasing a decrease from the previous quarter’s 117,000. The daily active transactions also saw a drop, ranging from 136,000 to 504,000, a significant shift from the previous range of 200,000 to 550,000. Notably, on October 15, this metric hit a low of 110,000.

While these metrics don’t bode well for the immediate past, whether this decline imperils AVAX’s price trajectory remains a complex question. The broader market sentiment and the network’s adaptability to emerging trends, especially in the dynamic realm of decentralized finance, will likely play pivotal roles in determining the future of AVAX’s price.

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

Featured image from iStock

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After a significant dip to $51.27, Solana (SOL) is currently witnessing a notable recovery in its market price, currently trading at $55.31 (up 7%). This upswing follows a period of intense volatility, with SOL reaching a peak of $63.80 last Saturday, marking an impressive 270% rally over 61 days, only to drop almost 20% subsequently.

The FTX Factor In The Solana Price Movement

FTX has probably been a significant influence on SOL’s price volatility. A report from Lookonchain, an on-chain analysis service, indicates that FTX’s liquidity in SOL has drastically diminished, with Solana worth only $185,000 remaining in their public addresses. “FTX deposited 250,000 SOL ($13.6 M) to Kraken 7 hours ago. Currently, FTX’s public addresses on Solana only have 3,408 SOL,” Lookonchain reported.

FTX deposited 250K $SOL($13.6M) to #Kraken 7 hours ago.

Currently, FTX’s public addresses on #Solana only have 3,408 $SOL ($185K) left.https://t.co/A4CyCXgVzS pic.twitter.com/4EVtrwoYyX

— Lookonchain (@lookonchain) November 14, 2023

Crypto influencer MartyParty commented on the situation, criticizing FTX’s strategy of liquidating SOL holdings for creditor payments as “one of the most idiotic moves in crypto history.” According to his observations, FTX’s liquid SOL has been entirely offloaded to the market, marking an end to its influence on SOL’s price dynamics.

Meanwhile, crypto analyst Bluntz pointed out that despite FTX’s consistent selling of SOL, ranging from 250,000 to 700,000 daily for the past three weeks, the price of SOL managed to stay resilient. He suggests that with the depletion of FTX’s unlocked tokens, a significant price surge for SOL could be imminent, “Once this seller is gone, I can only imagine how hard it’s gonna pump. Dont middle curve this.”

The Remaining SOL Holdings Of FTX

While FTX has sold 6.996 million SOL in the last few weeks, they are still sitting on a huge pile of Solana. Crypto Edgar provided an overview of FTX’s SOL holdings, highlighting that while the bulk of SOL transfers from FTX’s cold wallets have been completed, a substantial amount remains staked in various liquid stake solutions, potentially available for future sale.

“The FTX cold wallets contain almost no more SOL but they still hold some amount of liquid SOL which is staked in liquid stake solutions Lido Finance, Marinade Finance and JPool. In total 1.25 million SOL is still locked but could easily be withdrawn and sold as well,” the analyst remarked.

Moreover, it is important to note that FTX still holds 42.2 million SOL, worth $2.19 billion under lock-up. According to the SOL unlock schedule, each month sees the release of 618,400 SOL. This regular monthly unlocking accounts for about 1.1% of the entire SOL holdings of FTX. Notably, a significant event is scheduled for March 1, 2025, where 7.5 million SOL will be unlocked.

In conclusion, although some influencers are celebrating the end of the FTX sell-off, this is not the full reality. While a large chunk of selling pressure may have been very well absorbed by the market in recent weeks, it is not close to an end. The FTX factor for the Solana price is still out there.

Despite that the SOL price has shown tremendous strength in recent weeks, considering the massive selling pressure from FTX. At press time, SOL was trading at $55.31, making the 1,618 Fibonacci extension level at $57.85 once again the key resistance for the bulls.

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BlackRock and NASDAQ have outlined why the SEC needs to approve the investment company’s new spot Ethereum exchange-traded fund (ETF) filing. According to the filing with the SEC, approval of a Spot ETH ETP would represent a major win for the protection of U.S. investors in the crypto asset space. 

If approved, the iShares Ethereum Trust would allow regular investors to trade Ether, the world’s second-largest cryptocurrency by market cap, as easily as stocks can be traded. 

BlackRock And NASDAQ Lobbies SEC To Allow Spot ETH ETFs

BlackRock, the world’s largest asset manager, recently applied to the SEC to launch an Ethereum exchange-traded fund (ETF) linked to the spot price of Ethereum. BlackRock wasn’t the first investment company to make this type of application, as hedge fund Ark Invest already filed for a Spot Ethereum ETF in September. However, the news of BlackRock’s filing sent Ethereum surging more than 11% in less than 24 hours. As a result, ETH broke over the strong $2,000 resistance level for the first time in seven months.

BlackRock’s Spot ETF is called the “iShares Ethereum Trust” and is sponsored by Ishares Delaware Trust Sponsor LLC, a subsidiary of Blackrock Inc. Coinbase, the largest crypto exchange in the US, acts as the custodian for the Trust’s ether holdings, which are to be traded on the NASDAQ exchange.

In its SEC filing, NASDAQ asked for a proposed rule change in order for it to list and trade shares of the ETF. According to the filing, US investors, for the most part, have lacked a US-regulated way to gain exposure to Ethereum investments. It also argues that most of the current methods are risky and subject to high trading fees and volatile discounts. 

For example, an investor who purchased the largest OTC ETH Fund in January 2021 and held the position at the end of 2022 would have had a 30% loss due to the change in the premium/discount, even if the price of ETH did not change. However, a spot ETH ETP like the proposed iShares Ethereum Trust ETF would better protect investors against the risk of losses through fraud and high premiums.

“To this point, approval of a Spot ETH ETP would represent a major win for the protection of U.S. investors in the cryptoasset space,” the filing said.

Potential Impact On Ethereum Price If The ETF Is Approved

Despite spot crypto ETFs being available in other countries, including Germany, France, and Canada, the SEC has been hesitant to greenlight a crypto ETF in the US, and 12 Bitcoin spot ETFs are currently waiting for approval. 

A US Spot Ethereum ETF would significantly boost interest and confidence in Ethereum and ultimately drive the asset to new highs. The hype leading up to the approval may also push the asset to a new yearly high.

ETH is up by more than 60% this year and has outperformed BTC in the past few days. It is currently trading at $2,060 and analysts believe a bullish cross over $2,150 would signal the end of the bear market for ETH.

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Elan Future is a project that is working towards achieving universal access to energy. Recently, we caught up with its CEO, Jerome-Olivier Malo and asked a few questions to gain some insights about him and the project.

Elan – Unveiling the Vision

Q: Let’s start with the present day. Could you share with our readers what Elan is and what inspired the creation of this innovative company?

Elan Future is an uprising against the darkness that blankets millions of lives. Our battle is against the injustice of energy poverty and the passivity in facing the world’s dire energy crunch. We are here to flip the script on how energy is shared, saved, and savored.

Enter Apollo — not your everyday generator, but a maverick of magnetic marvel that’s redefining efficiency. It’s our secret sauce in the quest for an electrified planet, a piece of tomorrow’s technology here to disrupt today’s energy norms.

The spark for Elan? It was the world’s energy outcry that no one could ignore. As the globe grapples with an energy plight that hits both wallets and resources hard, we saw a beacon of hope in the form of Apollo, ready to lead the charge in this new energy revolution.

Our ranks are filled with the best and bravest — physicists defying the status quo, Hydro-Québec engineers with electricity in their veins, financial wizards who see beyond the bottom line, and angel investors with their gaze fixed on a horizon lit by innovation.

What inspired Elan’s inception was a cocktail of frustration and foresight — frustration at a world where energy is a privilege and foresight that sees it as a fundamental right. By welding our state-of-the-art tech with the bedrock of blockchain, we’re sparking a transparent energy uprising. Elan Future is here to ensure energy is not just consumed but embraced as a universal currency of progress. It’s not just about keeping the lights on; it’s about igniting a flame of change in every soul we touch.

Inception and Community Impact

Q: What was the spark that ignited the idea for Elan Future? How do you envision it making a positive impact on the community and beyond?

The spark for Elan Future came from a profound place of need—a need that you can see in the eyes of the millions who live off the grid, and in the strained grids of our cities that barely keep up with our current demands. It struck me during a blackout; as I sat there in the dark, I realized that this was a daily reality for so many people. That moment of frustration lit the fire of creation for Elan.

I envision Elan Future as a catalyst for change. With Apollo, we’re proposing a new way of life. It’s about creating a world where energy is not a luxury but a given. A world where communities can thrive, not just survive, because they have the power—literally—to do so.

But the impact doesn’t stop at the light switch. We’re talking about empowering communities with the means to grow and sustain themselves. Energy drives education, healthcare, and economic opportunities. Imagine schools that can light up young minds, hospitals that can save lives around the clock, and small businesses that can flourish. That’s the future Elan is dedicated to building.

And on a larger scale, by bringing energy to areas that were previously in the dark, we’re sparking innovation on a global level. We’re contributing to the creation of a more balanced, more connected world, where the flow of energy is as natural and equitable as the flow of information is today

The Journey Behind Elan

Q: Jerome, you have an extensive background in various endeavors before Elan Future. Could you take our readers on a journey through your experiences and how they’ve led you to this point?

Absolutely, it’s been quite the adventure, and every step has played a part in leading me to where I am today with Elan Future.

My journey started in the tech industry, where I was fascinated by the power of technology to connect people and ideas. I spent years working with dynamic startups, where I learned that at the heart of any successful innovation lies a keen understanding of the human experience.

From there, I ventured into the world of finance. I saw how economic systems could either enable growth or create barriers. This experience was eye-opening—it was about understanding risk, recognizing potential, and investing in ideas that could shape the future.

But it was my time spent volunteering with non-profits that truly set the stage for Elan Future. I saw firsthand the challenges faced without reliable energy. Schools struggled to stay open after dark, medical clinics couldn’t preserve life-saving vaccines, and simple tasks were monumental without power.

This patchwork of experiences brought clarity. The tech industry taught me about the power of innovation, finance showed me how to turn ideas into reality, and my time in the field revealed the critical need for sustainable energy solutions. The throughline was clear—energy was the key to unlocking potential on an individual and global scale.

With Elan Future, I’ve taken this tapestry of experiences and weaved them into our mission. Every lesson learned, every success and setback, has been a stepping stone to this moment, where we have the opportunity to illuminate lives and empower communities on a scale that truly matters.

Meet the Elan Team

Q: The team behind a project is often critical to its success. Can you introduce us to the remarkable individuals who make up the Elan Future team and share their unique contributions?

Success at Elan Future is truly a team sport, and we have an all-star lineup that’s hard to beat. Each individual’s expertise is not just a cog in the machine but a vital organ in the body of our mission—electrifying the future.

Dr. Benoit Guay is our scientific maestro, a PhD in Applied Physics with a mind that’s as brilliant as it is unconventional. His groundbreaking work on the edges of physics—including mass reversals and magnetic susceptibility—puts us leagues ahead in the field of energy innovation. Benoit is the brain behind the science that powers Elan Future’s technology.

Sylvain Roy, Esq, is the guardian of our intellectual arsenal. With a keen eye for technology monetization and a sharp mind for IP valuation, he navigates the complex waters of international law with the finesse of a seasoned captain. His lectures at the IP Business Academy and CEIPI at Université de Strasbourg are just a sliver of the prowess he brings to our legal strategy.

Doryne Bourque is the heartbeat of our corporate social responsibility. Her positions on various boards demonstrate her leadership and commitment to sustainable development and responsible finance. Her passion for equitable resource distribution aligns perfectly with our mission, guiding Elan Future’s strategic decisions with a conscience.

Last but not least, Denis Chartrand, eng, is the architect of our infrastructure. His experience at Hydro-Québec, where he was instrumental in developing strategies post-the 1998 ice storm, has given him unparalleled expertise in resilient and smart grid technology. Denis’s vision shapes the robust and innovative framework that allows our technology to thrive.

Together, this dream team’s diverse skills and passions fuel Elan Future’s drive to bring sustainable, reliable energy to every corner of the globe. We’re more than just a company; we’re a collective force on a mission to electrify the future, and our team’s expertise is our powerhouse.

Elan’s Milestones

Q: Could you highlight some of the noteworthy breakthroughs and milestones that Elan Future has achieved so far?

Our journey with the Apollo Generator is a testament to our commitment to innovation and transformative change. Filing several patents for Apollo was just the beginning. These patents are more than documents; they’re the blueprints for a future where access to energy is universal—a future we’re actively constructing.

Launching our blockchain and introducing our own token was a bold move towards a vision where energy isn’t just consumed but is part of a transparent, equitable exchange. It’s about giving power back to the people—literally. We’ve given away millions in free tokens, not as a promotional stunt, but as a statement of our belief in a community-driven energy revolution. This token isn’t just a currency; it’s a new way of connecting people to their power, their community, their environment.

The creation of Apollo and our other groundbreaking innovation, the Pathfinder, represent the pinnacle of our achievements.

Every step we’ve taken at Elan Future is a step towards demystifying and democratizing energy. We are a movement powered by the courage to reimagine what’s possible, making the future accessible, one innovation at a time.

A Glimpse of the Future

Q: What’s on the horizon for Elan Future? Can you give us a sneak peek into any exciting announcements or developments that our readers should keep an eye out for in the near future?

The future of Elan Future is filled with promise and innovation, including our exciting Cassiopée project. Cassiopée represents a harmonious blend of technology, design, and sustainability, where homes are sanctuaries that provide clean, renewable energy. We’re creating a community where energy is not just a resource but a way to improve living standards and alleviate poverty. We invite our readers to stay tuned for developments in both our energy innovations and the Cassiopée project, which are set to reshape the way we think about energy and sustainable living.

Joining the Initiative

Q: For our readers who are eager to get involved, how can they become part of the Elan Future initiative? What opportunities exist for them to contribute or participate?

For readers eager to get involved with Elan Future, there are opportunities for collaboration and participation. We welcome discussions on future-focused initiatives, technological solutions, or strategic partnerships. Elan is about creating a community of like-minded visionaries who embrace innovation, sustainability, and collaboration to shape a better future. Reach out via twitter or discord to explore how you can contribute to our mission.

Parting Thoughts

Q: Is there anything else you’d like to share with our readers, perhaps a message, a call to action, or a vision that encapsulates Elan Future’s mission and ethos?

As we stand at the crossroads of innovation and tradition, Elan Future beckons to a horizon brimming with promise. Our mission has always been clear: to illuminate every corner of the globe with accessible, sustainable energy. But this vision isn’t just ours to build—it’s a tapestry woven from the aspirations of every individual, community, and nation we touch.

To the readers, our call to action is simple yet profound: join us. Engage with us. Be part of the energy revolution that moves beyond the constraints of the grid to a world where energy flows as freely as information does today. Every token we’ve shared, every patent we’ve filed, every innovation we’ve brought to life like Apollo and Pathfinder, is a step toward this boundless future.

We invite you to imagine a planet where energy poverty is history, where clean power fuels not just our homes and devices, but also our dreams and opportunities. This is the future Elan Future is committed to—a future where we aren’t just passive consumers of energy, but active participants in a vibrant energy ecosystem.

So, as we look to the future, let’s not just be spectators. Let’s be the architects of an electrified tomorrow. Invest in sustainable choices, support clean energy initiatives, and embrace the technologies that prioritize the planet as much as they do profit. Together, we can ensure that our collective tomorrow shines brighter than ever—a testament to what we can achieve when we harness energy not just to power our devices, but to empower our lives.

Let’s take this journey together—for the planet, for our communities, and for the generations to come.

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Ethereum price is struggling to gain strength above $2,100. ETH is consolidating above $2,000 and might start a fresh surge if it clears $2,100.

Ethereum is showing positive signs above the $2,000 support zone.
The price is trading above $2,010 and the 100-hourly Simple Moving Average.
There is a connecting bearish trend line forming with resistance near $2,090 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a fresh increase if it clears the $2,100 resistance zone in the near term.

Ethereum Price Remains In Uptrend

After forming a base, Ethereum price made another attempt to clear the $2,100 resistance. However, ETH failed to gain bullish momentum and trimmed all gains, like Bitcoin.

There was a move below the $2,050 level and the price spiked below the 100-hourly Simple Moving Average. However, the bulls were active above the $2,030 level. A low is formed near $2,031 and the price is now moving higher.

Ethereum is now trading above $2,040 and the 100-hourly Simple Moving Average. On the upside, the price is facing resistance near the $2,075 level or the 50% Fib retracement level of the recent decline from the $2,118 swing high to the $2,031 low.

The next major resistance sits at $2,100. There is also a connecting bearish trend line forming with resistance near $2,090 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

A close above the trend line and $2,100 could send the price further higher toward the $2,150 zone. The next key resistance is near $2,220, above which the price could aim for a move toward the $2,300 level. Any more gains could start a wave toward the $2,450 level.

Another Bearish Wave in ETH?

If Ethereum fails to clear the $2,100 resistance, it could start a fresh decline. Initial support on the downside is near the $2,030 level and the 100-hourly Simple Moving Average.

The next key support is $2,000. A downside break below the $2,000 support might start a sharp decline. In the stated case, Ether could drop toward the $1,930 support zone in the near term. Any more losses might call for a drop toward the $1,850 level.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 level.

Major Support Level – $2,000

Major Resistance Level – $2,100

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Bitcoin price is consolidating gains below the $37,000 zone. BTC could gain bullish momentum if there is a close above the $36,800 and $37,000 levels.

Bitcoin is holding gains above the $36,000 support zone.
The price is trading below $37,000 and the 100 hourly Simple moving average.
There is a key bearish trend line forming with resistance near $36,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could make another attempt to gain strength above $37,000.

Bitcoin Price Holds Key Support

Bitcoin price made another attempt to clear the $37,500 resistance. However, BTC failed to continue higher toward the $38,000 resistance. A high was formed near $37,423 and the price started a downside correction.

There was a move below the $37,000 pivot level. The price declined below the $36,500 level but stayed above $36,000. A low is formed near $36,183 and the price is now rising. There was a move above the $36,450 level. The price is trading above the 23.6% Fib retracement level of the recent decline from the $37,423 swing high to the $36,183 low.

Bitcoin is now trading below $37,000 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance near $36,600 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $36,600 level. The next key resistance could be near $36,800 or the 50% Fib retracement level of the recent decline from the $37,423 swing high to the $36,183 low. The first major resistance is near $37,000, above which the price might accelerate further higher.

Source: BTCUSD on TradingView.com

In the stated case, it could test the $37,500 level. Any more gains might send BTC toward the $38,000 level, above which the price could gain bullish momentum and rally toward $40,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $36,800 resistance zone, it could continue to move down. Immediate support on the downside is near the $36,180 level.

The next major support is near $36,000. If there is a move below $36,000, there is a risk of more downsides. In the stated case, the price could drop toward the key support at $35,500 in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $36,180, followed by $36,000.

Major Resistance Levels – $36,600, $36,800, and $37,000.

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On late November 13, the XRP price experienced a significant surge, momentarily jumping by 16% following a purported exchange-traded fund (ETF) filing by BlackRock, which quickly turned out to be fake.

The incident began when X (formerly Twitter) users shared a filing in Delaware suggesting that BlackRock, the global asset management giant, had registered the “iShares XRP Trust”. This action is typically a precursor to launching an ETF. Consequently, the XRP price soared to $0.75, a 16% increase, within just 25 minutes of the news breaking.

However, the excitement was short-lived. Bloomberg ETF analyst Eric Balchunas confirmed the filing as fake after direct communication with BlackRock representatives. Balchunas indicated that the XRP trust had been falsely listed on the Delaware website using the name of Daniel Schwieger, a managing director at BlackRock.

In a X post, Balchunas stated, “This is false! Confirmed by BlackRock by me. Some whacko must have added using BlackRock executive name etc. Cmon man. […] Some ppl questioning whether BlackRock actually confirmed to me this is false. They did. A spokesperson confirmed. If that’s not enough and you are still raging, then please seek medical help.”

Adding to this, Bloomberg’s James Seyffart remarked on the rapid price fluctuation: “Round trip to below where it was before the fake pump. […] That was a quick […] Whoever did this better have covered their tracks because the feds will be looking into them I suspect.” Seyffart also clarified that while the XRP trust filing was fake, the Ethereum ETF filing is legitimate and confirmed.

Why The Odds Of A XRP ETF By BlackRock Were Slim

Scott Johnson, finance lawyer at Davis Polk elucidated why the XRP ETF by BlackRock had little chance to be true: “Would represent an aggressive posture from Blackrock given there’s currently no clear path for XRP to get 19b-4 approval here without a CME futures market / SSA. Not to say it can’t be done, but would require forging a new path.”

Jeremy Hogan, a renowned lawyer from the community, explained the simplicity of spoofing the formation of an ETF, highlighting its fraudulent nature and the ease of execution. Hogan elaborated that “it’s actually very easy and just costs $500. You only need to file two documents (attached), pay the money, and you get a ‘placeholder’ on the state website. ”

He also speculated that the perpetrator could have potentially capitalized on the price surge. “Criminal saw what happened with the ETH trust filing, files the XRP trust ‘filing,’ buys $100k XRP on leverage, sells at 74 cents, and pockets 2-3 million dollars,” Hogan speculated.

At press time, XRP traded at $0.6636 after briefly touching the 0.618 Fibonacci retracement level.

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