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Gate Square New & Returning Creator Rewards are ongoing!
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#SOL or ETH, which one do you prefer?
As of November 12, 2024, the cryptocurrency market is experiencing unprecedented growth, with Bitcoin (BTC) reaching a new high of $89,000, driven by the recent political landscape following Trump's presidential victory. This surge has also impacted Ethereum (ETH), which has broken the $3,300 barrier, indicating a strong upward trend.
Investors are advised to maintain long positions, as technical analyses suggest continued bullish momentum, with targets set between $92,000 and $95,000 for BTC. Ethereum’s resistance levels are anticipated to be between $3,520 and $3,550, with potential for further gains towards $3,750.
In addition to BTC and ETH, altcoins are gaining traction, particularly venture capital-backed coins and those within the AI and DeFi sectors. The market indicates a healthy capital influx, suggesting that strategic investments in these areas could yield significant returns. Staying informed about market trends and engaging in discussions will be vital for successful trading strategies.