New traders and beginners have been in quite a frenzy after the entire crypto market traded in red for the past few days. However, crypto enthusiasts and intermediate traders know that it is one of those times that will help them grab a better investment opportunity.
Bitcoin after touching an ATH of $68k retreated back to the $57k mark. Traders believe that it is a good entry point for Hodlers. Experts have their own reasons to call this pullback short-lived. Read more on this Bitcoin price trend below.
Solana has been creating some records of his own. Its market capitalization has grown tremendously and is now giving direct competition to Ethereum, Cardano, and Polkadot. It has also become the most staked crypto beating Cardano. Read more on this below.
Started its journey as a meme, Shiba Inu has become the favorite ERC-20 token among the Ethereum whales. Quite a big achievement for a meme coin. It has beaten $BEST and $OKB representing 17.4% of the total holding of the Ethereum whales. Read more on this below.
Before we dive into the hottest topics of the crypto world, let’s take a glance at the top gainers and losers for the day.
Crypto Market Trend November 19, 2021
Top 3 Crypto Gainers
|Cryptocurrency||Price (latest by November 19, 2021)||Change in %|
|Basic Attention Token(BAT)||₹93.15||11.36%|
|Enjin Coin (ENJ)||₹266.08||11.02%|
Top 3 Crypto Losers
|Cryptocurrency||Price (Latest by November 19, 2021)||Change in %|
|Phoenix Global (PHB)||₹57.83||3.8%|
Crypto Updates November 19
November 18th was the day when the entire crypto market traded in the red. Bitcoin too fell to the $57k mark. However, traders aren’t unhappy about it at all. rather they believe that it’s a good entry for those who wish to HODL. Experts believe that the pullback will be short-lived and therefore potentially become an attractive entry point for the Hodlers.
Although there has been a significant amount of deleveraging across the entire market, it could not prevent the overall increase in the aggregated liquidations across the big exchanges coinciding with each sizable price dip.
Read more about the price predictions and what experts believe about Bitcoin’s pullback, here.
Cardano, once an Ethereum Killer, is now facing competition from Solana as well. There has been a neck-to-neck competition between Solana (SOL), Ethereum (ETH), and Cardano (ADA) along with Polkadot (DOT). Although Ethereum covers most of the share in the decentralized (DeFi) section, Solana has emerged victorious when it comes to staking. According to crypto insights Solana is the most staked and the current value at the time of writing stands at $78.49 billion.
Wondering how Cardano (ADA) and Polkadot (DOT) are giving competition to Solana, read here.
When Shiba Inu came into existence, it was criticized by a lot of crypto traders ad enthusiasts as it primarily is a meme coin. However, Shiba Inu has become the biggest ERC-20 token being held among the top 1000 Ethereum wallets with a total value of $2.37 billion, after flipping the OKEx’s $OKB and Bitpand Ecosystem Token. Shiba Inu represents over 17.4% of the total holdings of the largest Ethereum whales according to data shared by Whale Stats.
Shiba Inu currently has become the 11th largest cryptocurrency by market capitalization with the current market cap standing at $24.4 billion. Read more on this here.