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- 🚨 Exploring the Future of Work: Musk & Ramaswamy’s Vision for D.O.G.E in the US 🇺🇸
🚨 Exploring the Future of Work: Musk & Ramaswamy’s Vision for D.O.G.E in the US 🇺🇸
CoinGape Media
November 21, 2024
News
Elon Musk and Vivek Ramaswamy recently presented a comprehensive strategy aimed at reducing the federal workforce under the guidance of President-elect Donald Trump. Their proposal emphasizes a large-scale reduction of federal employees, which they argue will become feasible through the elimination of numerous regulations.
In a riveting turn of events, MicroStrategy founder Michael Saylor lost voting control over the company recently, sparking market discussions amid the giant’s soaring BTC adoption saga. While the company continues to acquire Bitcoin almost regularly, a pivotal shift in its governance system has caught significant attention among market participants. Notably, with Saylor losing voting control over the firm, the entity also forfeits its status as a “controlled company” on Nasdaq.
Decentralized Layer-1 blockchain Sui Network faced a major downtime with no blocks produced in the last few hours. The data from Suivision showed that the network faced a “major outage” as some validators faced problems with approving transactions. SUI price tumbled 10% but recovered as the network started processing transactions again.
Markets
Bitcoin touched a new all-time high of $97K, while major altcoins saw slight increase from the last day. Meme coins showed mixed trends; however, FLOKI emerged as the top gainer with a 16% jump in the last 24 hours.
The global cryptocurrency market cap reached $3.16 trillion as prices surged today. Trading volume remained steady at $184 billion in the past 24 hours. Here’s an overview of the top crypto by market cap and their performance on November 21.
Bitcoin price today is up 2.87% today and currently auctions around $96,817.0. Since the breakout from the seven-month consolidation and the $75k hurdle, the crypto market outlook has turned bullish. While a few altcoins shoot higher, the alt season is yet to begin.
Solana has been in the spotlight since the bull run began in 2023. The meme coin frenzy coupled with it being an Ethereum competitor, SOL is perfectly positioned this bull run. Although Solana price is close to $200, this analyst believes it could hit $5,000 this cycle. Is this target exaggeration or is it possible? Let’s explore.