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The cryptocurrency market is pumping green on election night as Bitcoin hit an all-time high of $75,358 minutes ago. The pump is making waves as investors take entry positions to make a quick buck in the markets. Leading cryptocurrencies such as Dogecoin, Cardano, Solana, and Shiba Inu have all skyrocketed double-digits on election results day. Also Read: Ripple: XRP Projected to Rise 35% After US Election Results BREAKING: Donald Trump officially elected President of the United States of America. pic.twitter.com/6VO1jC4FHp — Watcher.Guru (@WatcherGuru) November 6, 2024 President-elect Donald Trump brought in a fresh sense of enthusiasm in the markets as he is against taxes and pro-trade. Trump had promised to lower taxes and even went a step ahead saying that he would consider abolishing income tax. As the news projected a Trump victory, Bitcoin, Dogecoin, and Solana, among other leading cryptocurrencies rallied in the charts. The cryptocurrency market and even the Asian stock m...

Investing in cryptocurrencies is thrilling, especially with top gainers offering substantial returns. Today, the spotlight shines on Fantom, Optimism, Ethereum Name Service, and THORChain as they surge to the forefront of the market. Each is reshaping the crypto scene with impressive price surges.  For instance, Fantom boasts rapid transactions and low fees. Meanwhile, Optimism enhances scalability through optimistic rollups. Additionally, Ethereum Name Service integrates brands for secure on-chain identities. Lastly, THORChain enables seamless asset swaps. These tokens are gaining momentum and paving the way for profitable opportunities in the crypto market!   Biggest Crypto Gainers Today – Top List Today, Bitcoin approached $70,000, trading at $69,005 amid strong inflows into Bitcoin exchange-traded funds (ETFs). This surge of nearly $2.4 billion in net inflows in six days shows optimism for favorable US crypto regulations after the November 5 election. Meanwhile,...

Solana’s landscape continues to evolve. DEXs and NFT markets initially had the baton. However now, it seems like “emerging consumer applications” are on center stage. Affirming the same, a recent Messari research highlighted, “The rise of gateway interactions from gaming applications and the introduction of new consumer platforms indicate a changing user preference.” As shown below, consumer apps have been able to gain over 1/10th of the user share over the past six months. Currently, they command a 28% share in the ecosystem. Other sectors have also noted improvements. However, their intensity hasn’t been as high as consumer platforms. Source: Messari Well, Solana has been able to successfully attract new users. However, there remains a challenge. The network has not been able to retain users over the long term. As chalked out below, Solana’s retention curve has been sloping downwards. In fact, when compared to its peers, its rate is the lowest. On the other hand, netwo...