Connect with us

Crypto

Bitcoin price drops more than 20% to $42,000. What’s going on?

Published

on

With the new Covid Omicron variant, the bitcoin price drops more than 20%. Bitcoin, Ethereum, and several other cryptocurrencies face a storm of bearish catalysts. Cryptocurrency prohibitions might also be the cause.

Bitcoin price dropped drastically in the early hours of this Saturday, November 4th, falling more than 20%, coming to trade at US$ 42,000. 

The price of Ethereum plummeted, dropping more than 25%, to around $3,400, and other known cryptocurrencies have also seen their market prices going down. The total market capitalization dropped 16% to $2.2 trillion. 

Top 10 Cryptocurrency Market // Source: CoinMarketCap

On a side note, in early November, the total market capitalization of cryptocurrencies reached $3 trillion for the first time in history.

Cryptocurrencies have been in chaos since the appearance of the Omicron form of the coronavirus. 

The Bitcoin price drops more than 20% What could be the cause?

On November 26th, bitcoin dropped to a seven-week low to trade at $54,000, entering the falling territory, when in October, it passed the $68000 barrier. At the time of the writing of this article, the price recovered, and it’s trading at $47205,98.

image 13 - Crypto DeFinance
Bitcoin price // Source: CoinMarketPrice

Tech stocks also had a bad week, with the Nasdaq index closing the week down about 2.5%. Cryptocurrency and stock prices are typically not closely correlated, however, large stock sales may be causing investors to become more aware of the overall risk and exit cryptocurrency positions.

The World Health Organization (WHO) said on past Friday, November 3rd, that the variant was detected in 38 countries, compared to 23 two days ago, with initial data suggesting that the strain is more contagious than others.

In addition to fears over the omicron variant, rising yields on US Treasuries may be prompting investors to abandon riskier investments in search of safer returns.

The index fell to its lowest level in over seven weeks. The return of the “red tide” to the markets harmed the most cyclical industries, such as retail and tourism. The energy industry was also among those that suffered the most losses as a result of the reduction in the price of an oil barrel.

Fed Chairman Jerome Powell stated on Tuesday that “it is time to remove the temporary end of inflation,” bolstering the notion that interest rates may increase sooner than expected, which penalized equities on both sides of the Atlantic.

Jerome Powell further warned that this new coronavirus variant offers possible economic hazards at a time when US inflation is at its highest level since 1990.

And this could be leading the investors to liquidate their Cryptocurrency positions.

Cryptocurrency prohibitions and regulatory restrictions across the world

image 14 - Crypto DeFinance
Source: Cointelegraph Analytics

Other causes could be the potential for further regulatory restrictions to be weighing on cryptocurrency valuations. 

China has effectively banned cryptocurrency and mining transactions. The conflict between Chinese officials and miners lasted for more than six months. 

China prohibited mining activities in May of this year, forcing these business people to shift their equipment to other countries such as the United States, Kazakhstan, and Russia.

On November 16th, China resumed its war on miners, declaring that Chinese officials would work more to penalize unlawful miners.

“Virtual currency mining is high energy consumption and carbon emissions, and does not play a positive role in industrial development and technological progress.”

Said the Chinese Government.

Despite portraying itself as an ecologically correct and environmentally conscious country, China’s primary energy source is coal combustion, as seen in the quotation below.

Following the departure of miners to other nations such as the United States, bitcoin mining is already proving to be more environmentally friendly.

“The risks arising from the production and trading of virtual currency are becoming increasingly prominent. Its blind and disorderly development has a severe adverse impact on promoting high quality economic and social development, energy conservation and emission reduction.”

said Meng Wei, a spokesperson for National Development and Reform Commission in China.

India is about to introduce legislation, not to ban, but to regulate all cryptocurrencies.  According to the government announcement, the new law will allow for “limited exclusions to promote the underlying cryptocurrency technology and its purposes.”

The Indian Central Bank further stated that they raised “severe concerns regarding macroeconomic and financial stability.”

The regulation is meant to safeguard Indian consumers when a rising number of individuals, many of whom lack financial expertise or information, are making these sorts of transactions and risk losing their entire investment, treating cryptocurrencies as assets.

The United States has recently signed the US spending bill included new taxes for cryptocurrency brokers.

Among these various factors, Bitcoin, Ethereum, and several other cryptocurrencies faced a storm of bearish catalysts.


Do you the Biswap DEX? If not, you should. Check here and benefit from high APY and low to non-existent fees.


Sky is a seasoned cryptocurrency expert with a passion for blockchain technology and digital finance. With years of experience in the crypto industry, he has authored insightful articles on market trends, emerging technologies, and investment strategies. His work has been featured in leading crypto publications, helping both beginners and seasoned investors navigate the complex world of digital assets. Sky is dedicated to providing readers with accurate, up-to-date information to make informed decisions in the rapidly evolving crypto space.

Crypto

SHHEIKH Token Explodes in Just 2 Weeks — $3M+ Raised and Climbing

Published

on

The Next Ripple or Solana? Investors Say Yes.Predicted to Outgain Ripple (XRP) and Solana (SOL), SHHEIKH Coin (SHHEIKH) Plots for $0.2 Mark from Below $0.0027

Ripple (XRP) and Solana (SOL) have both made significant moves in the recent bull market. Still, crypto analysts and early presale buyers are beginning to rally around a very different name: SHHEIKH Coin (SHHEIKH).  Priced under $0.0027 during its presale phase 1, this AI-driven RWA project is not only making headlines but is now plotting a realistic path toward the $0.2 mark. This move would eclipse the percentage gains of many blue-chip cryptos combined.

SHHEIKH is no longer just a presale — it’s a movement.

In just 14 days, SHHEIKH Token has stormed the crypto charts with a +75% price surge, raising over $3 million and over 1.2 Billion tokens sold in Phase 1 alone. With the token still priced at a floor-level $0.0027, early investors are already sitting on serious gains — and the next phase is about to send it higher.

This is what the early days of Bitcoin felt like. Or Solana before its breakout.
SHHEIKH is being hailed by top crypto VCs, whales, and DeFi pioneers as the next big wave in Web3 wealth.

The Presale Is Booming — But Time’s Running Out

  • 75% Growth in over 2 Weeks
  • $3M+ Raised
  • 1,040,000,000 Tokens Sold
  • 5,600+ Investors Onboarded
  • Minimum Entry: Just $1 in USDT, ETH, or BNB
  • 15% projected APY on fractional luxury assets
  • Projected ROI: Up to 7.6x for early adopters
  • Passive income in stablecoins or ETH
  • Bonus: Up to 5% rewards for early investors
  • Backed by real-world assets + AI-powered analytics
  • Next Price Hike in Phase 2 Is Imminent

Early SHHEIKH backers have already locked in up to 7.6x projected ROI — and that’s before the first CEX listing, before the asset marketplace opens, and before the ecosystem goes fully live.

What Makes SHHEIKH Different?

SHHEIKH isn’t a memecoin. It’s a real-world wealth engine — tokenizing luxury villas in Dubai, farmland in Texas, vacation homes in Lisbon, beach properties in Bali, Rolls-Royce collections, and even fine art.

For a little, investors can co-own premium assets and earn passive income from rent and appreciation — all backed by real assets and governed by AI.

With very low entry barriers, investors can co-own:

  • Villas in Dubai, vacation homes in Lisbon
  • Farmland in Texas, condos in Prague
  • Beach homes in Bali and even Rolls-Royce collections
  • And more

“SHHEIKH is breaking the gates of exclusive wealth. The 1% don’t like it. The rest of the world loves it.”

AI Meets Real Estate. Welcome to the New Wealth Standard.

SHHEIKH’s Ethereum-based token ecosystem uses proprietary AI to:

  • Predict asset yield and market appreciation
  • Score risk in real time
  • Auto-optimize crypto + real-world portfolios
  • Distribute income in ETH or stablecoins — fully automated via smart contracts

This is borderless, 24/7, institutional-grade investing — reimagined for the everyday investor.

Ecosystem Overview

  • SHHEIKH Estate: Co-own tokenized real estate and earn rental yields
  • Returns Maximizer: AI-enhanced passive income tool for crypto holdings
  • No-Code Builder: Tokenize any luxury asset — no dev needed
  • DeFi Bridge: Seamlessly swap across chains

Audited, Compliant & Non-Custodial

  • Smart Contracts Audited (Q2 2025)
  • KYC/AML in 15+ jurisdictions
  • Compatible with MetaMask, Trust Wallet
  • Fully Non-Custodial. User Holds the Keys.
  • NFT-Backed Legal Deeds & DAO Syndication

The Bigger Picture

In 2025, Real World Asset (RWA) tokenization exploded +260%, reaching $23.9B, according to Forbes. BCG forecasts $16 trillion in RWAs by 2030.

SHHEIKH isn’t riding this wave — it’s creating it.

Final Word: Don’t Miss Your Moment

SHHEIKH isn’t promising the moon. It’s offering the keys to the mansion, beach villa, and art gallery.

With Phase 1 almost sold out and Phase 2 price jump approaching, this is your final early window to invest before the market fully wakes up.

Be early. Be bold. Be a SHHEIKH.

Join the Movement

Website: https://www.shheikh.io
Whitepaper: https://www.shheikh.io/shheikh-whitepaper.pdf
Telegram: https://t.me/shheikhtoken
Twitter (X): @ShheikhToken

Continue Reading

Crypto

BlockDAG vs. Cardano: Which Project Has the Community’s Backing and Real-World Momentum?

Published

on

Crypto never stands still. While Cardano steadily pushes forward with a focus on long-term research, another platform, BlockDAG (BDAG), is making headlines with rapid developments and builder momentum. With over $351 million raised and more than 24.3 billion BDAG coins sold during its presale, BlockDAG is gaining traction across the board.

As users and developers shift toward platforms that are faster, more usable, and builder-friendly, this comparison explores how Cardano and BlockDAG differ in their approach to growth, development, and accessibility. Let’s examine what Cardano brings to the table, what sets BlockDAG apart, and why thousands of builders have already committed to the latter even before its official launch.

Cardano: Focused on Research and Long-Term Goals 

Cardano has established itself as a reliable name in the crypto sector. Developed by Charles Hoskinson, who also co-founded Ethereum, Cardano has consistently chosen a research-first path. Its development is slow and careful, with every feature undergoing academic review and expert validation.

It uses Ouroboros, a Proof-of-Stake protocol that helps maintain energy efficiency while supporting decentralised consensus. This model ensures that no single entity dominates control, keeping things fair across the network.

Cardano employs Plutus and Haskell for smart contract creation. While these languages are strong in theory, they’re not the most beginner-friendly. Developers coming from Ethereum often find it more difficult to adapt, which has slowed the growth of applications on Cardano.

Although the project has seen technical improvements, its real-world usage is still catching up. By 2023 and into 2024, Cardano remained a top crypto by market cap, with a few functioning dApps like Djed and SundaeSwap. It remains secure and stable, but the pace of dApp adoption has been sluggish, and many projects remain in early testing.

BlockDAG: Built for Speed, Builders, and Immediate Use 

BlockDAG, in contrast, takes a faster, more practical approach to development. Its underlying system is built on a Directed Acyclic Graph (DAG), allowing multiple transactions to be processed at the same time instead of sequentially. This structure boosts performance, giving it an edge in handling higher user activity.

Compatibility with Ethereum-based tools makes BlockDAG especially accessible for developers. It reduces the learning curve, allowing existing Web3 builders to get started with ease. The platform also offers a low-code smart contract builder, making it possible for non-coders and small teams to build functional dApps without needing advanced programming skills.

A standout feature of BlockDAG is the scale of real-world engagement before the full launch. Over 4,500 builders are already contributing to more than 300 functional projects using its testnet. These include developments in payments, AI, finance, and other essential sectors, many of which are already in live testing stages and improving daily.

The project’s strong presale growth highlights the community’s interest. So far, BlockDAG has raised over $351 million, selling more than 24.3 billion BDAG coins. The current crypto presale is in batch 29, with the coin priced at $0.0016 during its GLOBAL LAUNCH phase, available until August 11. Early contributors have already seen a 2,660% increase in their holdings since batch 1. With the coin set to launch at $0.05, the projected return sits at 3,025%, drawing significant attention and participation.

Cardano vs BlockDAG: Two Styles, One Clear Momentum 

Though both platforms aim to improve blockchain technology, their strategies couldn’t be more different. Cardano is steady, focused on correctness and academic validation before action. BlockDAG, however, moves fast, learns by doing, and brings people on board through real usage rather than just ideas.

Cardano’s strength lies in its technical foundation and secure infrastructure, but its complicated development tools and slower adoption cycle limit how quickly builders can create and deploy. Its vision is long-term, but that comes with delays and limited short-term user activity.

On the other hand, BlockDAG is built around simplicity, speed, and accessibility. Its Ethereum compatibility and smart contract builder remove common entry barriers. This makes it easy for creators to build, test, and launch dApps without delay.

More than anything, it’s the builder energy that sets BlockDAG apart. With over 4,500 developers already creating 300+ real-use projects, the platform is buzzing with activity before even going live. Its presale success, with $351 million raised and billions of coins sold, reflects not just hype but actual progress that’s visible and growing fast.

Final Say!

Cardano earns credit for its cautious, research-backed progress. It’s a strong platform for those who value security and long-term structure. But in today’s environment, where speed and usability matter, BlockDAG is proving more appealing.

With thousands already building on it, a low-code builder that encourages experimentation, and strong presale traction, BlockDAG stands out as a platform that’s ready to deliver. For those seeking immediate functionality and strong builder support, BlockDAG offers a compelling route forward.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Continue Reading

Crypto

Top Altcoin to Buy? BlockDAG’s $350M Presale, Ecosystem, ROI, & Global Expansion Explained

Published

on

The crypto market has changed. A few years ago, standout projects were easier to spot. Today, with new coins launching constantly, picking winners requires more than luck. Smart investors dig deeper, checking technology, practical use cases, and future growth potential. Skipping that? It’s a recipe for loss.

This article takes a closer look at one project that’s gained serious ground this cycle: BlockDAG. With a record-breaking $350 million raised so far in its presale, this project is gaining momentum fast.

So what’s fueling this rise? What’s behind the excitement, and could BlockDAG be the Top Altcoin to Buy before the next market surge? Here’s what you need to know.

BlockDAG Tackles Blockchain Limitations with Speed & Utility

BlockDAG is a Layer 1 blockchain focused on solving problems that traditional networks still face, mainly speed, scale, and real-world function. Instead of a block-by-block model, it uses a Directed Acyclic Graph (DAG) design. This allows it to handle up to 15,000 transactions per second and avoid issues like orphan blocks that slow down older chains.

It doesn’t stop at performance. BlockDAG supports both payments and smart contracts on the same native layer. That eliminates the need for extra chains or bolt-on solutions, making the network easier and faster for developers and users alike.

Security is also in focus. BlockDAG has passed audits by CertiK and Halborn, giving it credibility before launch. Altogether, its fast processing, native flexibility, and trusted security position it well to support real-world demand from the start.

Mining Tools & Testnet Are Already Live

Many presale projects talk about what they plan to build. BlockDAG, on the other hand, has already launched functional products. Its X1 Miner app is live, with over 2 million users on iOS and Android earning up to 20 BDAG daily. Mining requires no hardware or experience, just open the app and tap to mine.

Developers also have tools in hand. BlockDAG’s Beta Testnet is active, complete with an upgraded Explorer that now includes smart contract support, built-in verification, and improved speed.

Beyond that, developers gain access to the Primordial IDE, a DApp setup assistant, and tools for real-time testing and deployment. From casual users to advanced developers, BlockDAG is providing value today, not just promising it later.

Strategic Partnerships & Exchange Listings Expand Reach

Tech is one thing, but global exposure matters too. BlockDAG has secured official partnerships with two high-profile U.S. sports teams: the Seattle Orcas (Major League Cricket) and Seattle Seawolves (Major League Rugby).

These aren’t just logo deals. They help bring blockchain into the mainstream, reaching audiences beyond typical crypto circles.

BlockDAG is also preparing for listings on 20 major exchanges, including MEXC, LBANK, CoinStore, XT.com, and BitMart. Broader availability means more liquidity and easier access, both of which drive adoption and long-term growth. These efforts show BlockDAG isn’t just focused on tech, it’s building global visibility and accessibility, even before launch.

A Record-Breaking Presale with Massive ROI Potential

BlockDAG’s presale results speak volumes. Over $350 million raised and 24.3 billion BDAG sold point to serious investor interest. Right now, the price sits at $0.0016 in Batch 29, a major discount from the $0.0276 that preceded it.

That price stays locked until August 11, just ahead of the GLOBAL LAUNCH release. With a confirmed launch price of $0.05, early buyers are looking at a potential 3,025% return.

But the outlook goes even further. Analysts expect BDAG to hit $1 after listing, and long-term projections suggest it could climb to $20 by 2027. This blend of near-term profit and long-range potential is exactly why BlockDAG is being watched as a strong candidate for the Top Altcoin to Buy this year.

Why BlockDAG May Be the Top Altcoin to Buy in 2025

BlockDAG isn’t all hype, it’s delivering on multiple fronts. A powerful 3,025% potential ROI, working mining tools, a live testnet, and mobile apps already in use make this more than just another presale project.

Add in its active global marketing, major exchange listings, and partnerships with real-world sports brands, and the project clearly has momentum heading into launch. For traders looking at 2025 and beyond, BlockDAG’s combination of tech, traction, and upside gives it real appeal.

Anyone searching for the Top Altcoin to Buy should take a hard look now. The $0.0016 entry won’t last forever, and when the market turns, those already holding BDAG could be in a strong position while others scramble to catch up.

Presale: https://purchase.blockdag.network

Website: https://blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

Continue Reading

Trending