In this episode of the Fere AI Crypto Market Report, we explore Bitcoin holding steady with a dominance of 54.76%, as the total crypto market cap climbs to $3.52 trillion. XRP takes center stage, reaching $2.20 and surpassing Solana and Tether to become the third-largest cryptocurrency by market cap.
We also dive into institutional moves, including MicroStrategy’s purchase of 15,400 BTC for $1.5 billion and Michael Saylor’s projection of $5 trillion in shareholder value if Bitcoin adoption continues.
On the regulatory front, South Korea delays crypto taxation until 2025, while potential SEC leadership changes under President-elect Trump could signal a more crypto-friendly environment. Meanwhile, Trump's comments on imposing tariffs on BRICS nations continue to spark discussions on decentralized currency adoption.
In project news, Virtuals Protocol and Xspectra AI lead the AI agent narrative with co-owned AI solutions and real-time trading insights. Meme coins stay hot with $PRONUT on Solana and $DOGE, which is gearing up for a second rally. Additionally, $XION, a walletless Layer 1 blockchain, is set to launch on December 5th, while $VERTAI partners with OGPU for vertical AI applications.
Don’t miss upcoming events like Namada’s mainnet launch, Ripple’s RLUSD stablecoin launch, and the TAIKO token unlock.
Stay tuned as Fere AI keeps you informed on the latest in crypto trading, investing, and Web3 innovation!
