👊Legendary investor Bill Miller says bitcoin's resilience 'gets better every day' as demand rapidly exceeds supply

The digital token has surged roughly 43% this month, and is up over 112% year-to date. Miller, who founded Miller Value Partners, said the cryptocurrency has been the "single best performing asset class" in the last year, five-year, and 10-year periods.

"The bitcoin story is very easy, it's supply and demand," Miller added."Bitcoin's supply is growing at around 2.5% a year, and the demand is growing faster than that and there's going to be a fixed number of them."

Bitcoin has had anything but a smooth rise upward, however. It hit a high of $19,000 at the end of 2017, only to plummet to below $4,000 just a year later. It's now up over 300% from a 2018 low.

https://markets.businessinsider.com/currencies/news/bitcoin-price-legendary-investor-bill-miller-resilience-better-every-day-2020-11-1029776469

📈Analysts think ethereum will push toward $500 after bounce at $420

Analysts think that Ethereum could move toward $500 once it manages to take $420 as support in the coming days. This comes after ETH has dropped strongly since the $460 local highs.

“Pretty clear picture of $ETH Supply and Demand flips. Makes for a decent case that 420 down to low 400s are area of interest for dip buys before further upside.”

A pseudonymous trader said that he thinks an important support-resistance flip will take place at the $418-420 level, which should trigger a move toward new highs.

Other trends show that ETH is being accumulated for the ETH2 upgrade. Over $15 million worth of the leading cryptocurrency has been deposited in the ETH2 deposit contract over the past few days as investors look to earn yields on their coins.

https://bitcoinist.com/analysts-think-ethereum-will-push-toward-500-after-bounce-at-420/

Top 5 Performing Cryptocurrencies of the Week

#5 Solana (SOL) +31.4%
#4 Synthetix Network Token (SNX) +33.9%
#3 Vitae (VITAE) +36.4%
#2 Yearn finance + 37%
#1 Aave +58.4%

#Altcoins #Market

https://cryptoticker.io/en/top-5-performing-cryptocurrencies-week-15/

🚘Cryptocurrency boom drives luxury car sales

A London-based automotive sales platform is set to double in size and recruit for at least another 10 positions before the end of this year.

The increase in demand comes despite new figures from the Society of Motor Manufacturing and Traders (SMMT) which reveal new car registrations have fallen by 4.4 per cent across the UK.

Around 2.6 million people in the UK own cryptocurrencies, according to The FCA. With most businesses failing to accept digital currencies as a means of payment, Auto Coin Cars has experienced a spike in demand for consumers looking to buy cars such as BMWs, Audis, Aston Martins and Ferraris.

An increasing number of consumers are looking for ways to spend their digital assets and we expect a further boom in virtual currency spending post brexit

https://www.smeweb.com/2020/11/08/cryptocurrency-boom-drives-luxury-car-sales/?cli_action=1604943037.933

Andje Cronje and Molly Wintermute started a DeFi fund for hardcore developers:

https://twitter.com/0mllwntrmt3/status/1325830809559986177

💰❗️5 best practices retail investors should follow while investing in cryptocurrencies

✏️ Choose From the Winners

Thoroughly understanding the top market performers is in one's best interest.

✏️ Diversify but Don't Over Commit

One should never invest more than what one can afford to lose in any asset. Over-committing oneself to one cryptocurrency or in the asset class, in general, is something to be avoided to cut through the downside risks associated.

✏️ Research is the Key

Doing thorough research about the cryptocurrency one intends to purchase just as one does for companies before buying stocks/bonds is a good practice to follow in the process.

✏️ Keep Your Cryptocurrencies Safe

Cryptocurrencies are intangible digital assets that must be stored in secure wallets

✏️ Have An Entry and Exit Plan

Benjamin Franklin says, “If you fail to plan, you are planning to fail!”.
The same rule applies to crypto investing too. This plan can be detrimental to their financial planning.

Coinlist has announced its seed round investments.

https://blog.coinlist.co/introducing-the-coinlist-seed-fall-2020-batch/

It seems like Infura is having an outage which is causing some pretty big delay in price feeds and some exchanges are also delaying withdrawals of ETH and ERC-20's. Metamask also having issues. There could also be an effect on some DeFi stuff.

https://twitter.com/lawmaster/status/1326445711114768388

📉Percentage of Ethereum Held on Crypto Exchanges Drops to a 2 Yr Low

The amount of Ethereum (ETH) held on crypto exchanges is currently at 13.35% of the total circulation supply. This is according to on-chain data by the team at Santiment who also pointed out that this is the lowest it has been since November 23rd, 2018. Such a low percentage of Ethereum on crypto exchanges could signify investor confidence by ETH holders on the long term value of the digital asset.

Probability of Whales Dumping their ETH is Low at Least for the Short Term

It indicates that large whale selloff probabilities will remain limited…if $ETH‘s % of supply on exchanges creeps over 15%, which historically indicates downside movement

https://en.ethereumworldnews.com/percentage-of-ethereum-held-on-crypto-exchanges-drops-to-a-2-yr-low/

✅ zLot is the first project to receive Molly and Andre development grant ($ 100,000).
https://twitter.com/0mllwntrmt3/status/1327628483531599876

This has caused strong zLot token price reaction, it surged from $ 73 to $ 430.

Remareblt, the price started increasing even before the award was made public.

Apparently, someone was tracking the Hegic Deployer wallet (https://etherscan.io/address/0xf15968a096fc8f47650001585d23bee819b5affb) from which the funds were sent.
https://etherscan.io/tx/0xec19fbc193e3e5fa279f7e9cefea7a36739b87bb7c3ab7a21d802d4e7a0a60f7

✅Legendary trader calls defi bullish, claims ethereum could soon rally

If Bitcoin begins seeing an independent rally that comes at the expense of altcoins or plunges lower and creates headwinds for the aggregated market, it could slow the growth seen by the “blue-chip” tokens residing within the DeFi sector.

These tokens have seen massive momentum recently, with many posting gains of 100% or more over the past two weeks.

“DeFi looks pretty neutral to bullish and I think ETH looks primed for a 471 resistance tap. Added to longs. Will add more on 471 break and hold as well.”

Where Ethereum trends next may depend somewhat on Bitcoin, but there’s a chance that the mounting strength seen by DeFi tokens will help send ETH rocketing higher.

https://bitcoinist.com/legendary-trader-calls-defi-bullish-claims-ethereum-could-soon-rally/

PoloniDEX is the top Decentralized Exchange! Surpassing Uni volume by billions 😂

https://twitter.com/FrankResearcher/status/1328432239835820033

M&A Pump Machine broken?

https://twitter.com/mollyandalpha/status/1328749364995567616

Today the Tether treasury has issued $320 mln USDT.

https://news.1rj.ru/str/whale_alert_io/16885

https://news.1rj.ru/str/whale_alert_io/16888

Global search volume for Bitcoin appears higher than in 2017

According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in December 2017 bull run was lower than in November 2020.

Citing data from SEO data provider SEMrush, Michelson said that Bitcoin-related global monthly search volumes in November 2020 accounted for 8.9 million. This is 356% more than BTC search volumes recorded back in December 2017, which amounted to 2.5 million, according to Michelson’s data.

Michelson pointed out a huge discrepancy between SEMrush’s data and Google Trends, a popular tool for analyzing the popularity of top search queries in Google:

“An interesting thing that Google Trends data hasn’t shown is that the monthly global volume for Bitcoin in Dec. 2017 was actually lower than what we’re seeing in Nov 2020.”

https://cointelegraph.com/news/global-search-volume-for-bitcoin-appears-higher-than-in-2017

Deutsche bank: investors increasingly choose bitcoin over gold to hedge dollar risk, inflation

Deutsche Bank’s strategist Jim Reid reportedly wrote that investors are increasingly demanding to use bitcoin instead of gold to hedge dollar risk and inflation. His research concurs with one recently published by JPMorgan’s analysts that shows institutional investors moving from gold to bitcoin.

"There also seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation and other things."

https://news.bitcoin.com/deutsche-bank-bitcoin-over-gold-hedge-dollar-risk-inflation/

Another farm hacked. Pickle finance has been exploited by means of a flash-loan for at least 19 mln $.

https://twitter.com/sawinyh/status/1330231595886899203?s=19

🎲 Kira Network has announced its public sale. It will start place on 25th of November at 3 pm UTC and will conclude in 24 hours or once the hard cap is reached.
Open price - $3.00
Min. price - $0.075
Amount of tokens for sale – 4 000 000 KEX.

Keep in mind that the private sale participants got their tokens @ $0.05 and will receive 10% after the conclusion of the auction.

This means that if the auction price settles at $0.5, private will already be at 10x and the dump will be imminent.
https://medium.com/kira-core/liquidity-auction-7c532d67a97

BTC, ETH, LTC and... BCH 🤔 already available on PayPal.

https://twitter.com/i/status/1318930120523087873

A really great tweetstorm on Miners Extractable Value (MEV):

https://twitter.com/FrankResearcher/status/1311350156219101185?s=19