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XRP has crashed alongside the rest of the cryptocurrency market, but this analyst thinks the asset could be the one to find a quick recovery. XRP Has Been The Top Traded Altcoin On Binance This Month In a new CryptoQuant Quicktake post, community analyst Maartunn has talked about how the altcoins currently compare against each other based on their monthly Binance futures trading volumes. The “trading volume” here refers to an indicator that keeps track of the total amount of a given asset that’s becoming involved in trading on a centralized exchange. In the context of the current topic, the platform is Binance. Below is the chart shared by the analyst that shows the trend in the monthly value of this metric for various top altcoins in the sector. From the graph, it’s apparent that during most months of this year, Solana (SOL) dominated the trading volume on the exchange. A shift has occurred in the market during the past couple of months, however, as SOL has lost its number one spot. Last month, it was Dogecoin (DOGE) that managed to surpass the asset to become the number one altcoin in this metric, while this month, XRP has overtaken both of them. So far, XRP has seen trading volume amounting to $116.6 billion on the exchange. This value is also certain to go even higher, as this month of December still has one-third of the way to go. While Binance doesn’t make up for the entire sector, the exchange is still the largest in terms of volume, so the trend on there can be representative of the wider market. “It’s important to track the top-traded coins on Binance, as they should be your main focus when trading altcoins,” notes Maartunn. During the last couple of days, the entire cryptocurrency sector has witnessed a crash. Based on the monthly Binance volume, though, the analyst says, “XRP seems to be one that could recover quickly.” In some other news, the market plummet in the last 24 hours has meant that the derivatives side of the cryptocurrency sector has registered a massive amount of liquidations, according to data from CoinGlass. Out of the $1.40 billion liquidations that have occurred inside this window, XRP-related contracts seem to have contributed for around $42 million, as the below heatmap shows. Interestingly, Dogecoin and Solana appear to have seen a larger flush than XRP. This may be down to the fact that both of these assets have also witnessed a deeper price drawdown. XRP Price During the latest crash, XRP briefly slipped under the $2.0 level, but it seems the coin has managed to recover back above the mark for now as its price is trading around $2.1. Featured image from Dall-E, CoinGlass.com, CryptoQuant.com, chart from TradingView.com

The market for Dogecoin (DOGE) is contracting: the memecoin shed more than 25% of its value during the last three days. The broader market is still bearing the brunt of Bitcoin’s crash, worrying both investors and speculators. Related Reading: SUI The Rising Star: Analyst Foresees Over $25 Breakthrough Market Overview: A Sudden Change The recent drop in the value of crypto assets has caused around $787 million to be lost through liquidations of different types of digital assets. Dogecoin, which is often considered as a joke, has been among the hardest hit. Approximately $29 million in DOGE liquidations were recorded recently, with bullish positions suffering the most losses, according to CoinGlass data. In a mere 24 hours, the price of Dogecoin plummeted to a low of $0.34 before ultimately stabilizing at approximately $0.365, a 6.05% decline. Macroeconomic issues influencing more general market movements can help to explain this fall. The Federal Reserve’s concern about interest rate cuts has aggravated bearish attitude. For example, Ethereum and Dogecoin followed suit after Bitcoin’s value dropped to the $94k level. A Closer Examination Of Liquidation Issues Approximately $24 million in bullish wagers on Dogecoin were liquidated in the past 24 hours, while $5.93 million in losses were attributed to short positions. The market’s present extreme volatility is underscored by this wave of liquidations. Dogecoin is currently approaching critical support levels, as noted by analysts. Some analysts have speculated that it could fall below $0.20 if adverse momentum persists. Key support levels for DOGE are being closely monitored by market analysts. The Relative Strength Index (RSI) suggests that Dogecoin may be oversold, which could indicate a potential rebound if traders are able to effectively defend the critical price zones. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report The Road Ahead For Dogecoin Despite the present challenges, market watchers’ future expectations of Dogecoin remain high. Some analysts believe that DOGE’s capacity to maintain a weekly closing above $0.26 will help to create a recovery rally toward higher goals. Still, the reality of continuous market pressures and unpredictability helps to temper this hope. As they negotiate this stormy terrain, many traders are left wondering how low Dogecoin might fall before it finds solid ground. Given the expected significant price swings in the next days and weeks, all eyes will be on this famous meme coin as it tries to recuperate in the face of a difficult crypto climate. Featured image from DALL-E, chart from TradingView

Bitcoin (BTC) tumbled from a high of $108,135 on December 17 to $99,500, following US Federal Reserve (Fed) Chair Jerome Powell’s hawkish remarks yesterday. However, some crypto analysts are pinning their hopes on a potential decline in Bitcoin Dominance (BTC.D) that may pave the way for an altseason. What Caused The Crypto Market Crash? Since […]

As 2025 draws near, market experts are talking a lot about how much Ethereum and Solana are competing with each other. Both cryptocurrencies have grown by leaps and bounds in 2024, nevertheless, perspectives vary on which will finally prevail in the altcoin industry in the forthcoming year. Related Reading: XRP Will Create Millionaires, Analyst Declares In Wealth Projection The Swift Ascendancy Of Solana Solana’s outstanding numbers have attracted interest. It outperformed Ethereum in several important benchmarks in December, including application income and decentralized exchange (DEX) volume: Solana brought in about $141 million in application income; Ethereum earned $93.56 million. Moreover, Solana’s decentralized exchange volume attained an impressive $67.43 billion, in contrast to Ethereum’s $52.37 billion. This development has prompted several experts to forecast that Solana may surpass Ethereum as the preeminent cryptocurrency by 2025. Analysts credit Solana’s success to its rapid transaction speeds and minimal costs, rendering it especially attractive for decentralized finance (DeFi) applications and non-fungible tokens (NFTs). The forthcoming Firedancer upgrade is anticipated to improve Solana’s network performance, potentially reinforcing its status as a pioneer in the DeFi sector. Will Ethereum Outpace Solana? Though Solana’s stats are excellent, Bitwise CIO Matt Hougan notes the fast development of Ethereum’s ecosystem and projects that will allow it to surpass Solana by 2025. He emphasizes how Layer-2 solutions such as Base, Optimism, and Arbitrum help Ethereum’s scalability, thereby bridging the gap between institutional trust and daily access. People’s mental model of Ethereum is out of date. The common consensus is Solana is cheap/easy/fun and Ethereum is slow/unwieldy/expensive. But look at what’s happening in the AI agent space. Some of the most exciting “fun” projects, like Clanker and Virtuals, are playing out… — Matt Hougan (@Matt_Hougan) December 18, 2024 Hougan points to Ethereum’s increasing competitiveness with Solana’s user-friendly appeal, therefore negating its antiquated reputation for being slow and costly. He also mentions the success of initiatives like Clanker and Virtuals on the Ethereum Base network, proving their capacity to encourage creativity while preserving a strong infrastructure. The Institutional Attraction Of Ethereum Conversely, Ethereum has remained active. It recently attracted over $850 million in institutional capital inflows to exchange-traded funds (ETFs), demonstrating its sustained attractiveness to investors. The anticipation of Ethereum’s Petra upgrade enhances the enthusiasm, promising substantial enhancements in speed and overall performance. Additionally projected to grow is Ethereum’s price. Depending on the increase of ETF sponsorships and institutional interest, some analysts estimate it might value $6,000 to $7,000 by 2025. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report A Competitive Environment Both cryptocurrencies exhibit special strengths and shortcomings as we get toward 2025. Ethereum, according to Hougan, is more likely to succeed going forward given its explosive rise in transaction volume and user interaction. Still, one cannot overlook Solana’s institutional support and great ecosystem. Featured image from DALL-E, chart from TradingView

Market expert Lark Davis has recently taken to social media to assert that the much-anticipated altcoin season is far from over despite short-term corrections and challenges the broader crypto market faces.  Davis believes that significant opportunities lie ahead for altcoins, particularly as their total market capitalization (excluding Bitcoin and Ethereum) hovers around $1.05 trillion. Key Factors For Impending Altcoin Season The expert points out that the current altcoin market cap is nearing its previous high of $1.13 trillion from November 2021. He recalls a similar scenario from February 2021, when the altcoin market cap tested the highs from January 2018 before breaking through.  This breakout resulted in an impressive surge from $360 billion in February 2021 to $1.13 trillion by November 2021—an increase of over 200%. Davis firmly believes that once the altcoin market cap surpasses the $1.13 trillion threshold again, we could witness one of the largest altcoin seasons in the history of cryptocurrency. Related Reading: Whales Snap Up 30 Million XRP As Ripple Launches Its RLUSD Stablecoin Several key factors contribute to Davis’s optimism regarding the impending altcoin surge: Bitcoin’s Performance: Currently at all-time highs, the Bitcoin price strength often catalyzes interest in altcoins. Political Transition: With Donald Trump set to take office in just 34 days, market sentiment may shift favorably towards cryptocurrencies. Global Rate Cuts: Central banks worldwide are reducing interest rates, which typically increases liquidity in the market. Increased Capital Investment: An influx of cheap capital is making its way into the cryptocurrency space, setting the stage for potential growth. Risk-On Environment: The current market conditions are among the strongest for risk-on assets, creating an ideal backdrop for altcoin investment. Rally Anticipated As Bitcoin Dominance Rises Echoing Davis’s sentiments, crypto analyst Miles Deutscher emphasizes that the real altcoin season has yet to commence. He points to compelling historical evidence suggesting that alt-seasons are not mere coincidences but rather distinct seasonal phenomena backed by statistical patterns. Historically, Ethereum (ETH) has shown impressive returns from January to May, often outperforming Bitcoin during this period. During these months, Ethereum averages about 28% monthly returns, compared to a mere 3% for the rest of the year.  Related Reading: MicroStrategy’s Bankruptcy Risk: CEO Warns Bitcoin Must Drop To $16,500 To Trigger Collapse In addition, the analyst asserts that the current environment is particularly favorable for this rotation, as Ethereum has historically outperformed Bitcoin by approximately 20% per month during alt-seasons.  As Bitcoin’s performance strengthens, so too does the likelihood of capital flowing into Ethereum and other altcoins. This rotation is already observable in the recent surge in Bitcoin dominance, which has mirrored patterns seen in previous alt-seasons around 2017 and 2021. At the time of writing, ETH, the largest altcoin on the market, is trading at $3,686, down 4.4% over the 24-hour period and nearly 6% over the week.  Featured image from DALL-E, chart from TradingView.com

Ripple’s digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT). Analysts and investors alike are growing excited about the possibility for XRP holders to become among the wealthiest investors in the foreseeable future, as indicated by the recent spike. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report Potential Price Forecasts An analyst has expressed an audacious outlook for XRP, indicating that those who retain the asset may experience substantial returns, which could result in life-changing wealth in the near future. He anticipates a significant increase in the price of the altcoin, with the goal of reaching a price point between $30 and $35 by 2025. #XRP HOLDERS WILL BE THE RICHEST PEOPLE YOU KNOW – HERE’S WHY! pic.twitter.com/k0tc6tCAq0 — STEPH IS CRYPTO (@Steph_iscrypto) December 17, 2024 Based on this estimate, the present price of approximately $2.54 is expected to experience a staggering increase of around 1,277%. A $1,000 investment, for example, may potentially increase to $14,000 if these objectives are accomplished. It is also possible that those who have made larger investments will have the opportunity to become millionaires as the value of XRP continues to climb. This optimism is perpetuated by recent fluctuations in prices. In the last 30 days, XRP registered a solid 124% increase, which coincided with a successful retest of its 2021 peak of $1.97. According to analysts, the demand for the crypto will continue to rise as Ripple expands its partnerships throughout Asia and beyond, further driving up its price. Causes Of Wealth Formation The positive outlook for XRP is due to a number of reasons. Investors have a lot more faith in Ripple now that its legal fight with the US Securities and Exchange Commission (SEC) has been settled. Legal certainty is about to arrive, hence many people believe that using XRP in worldwide banking will hasten the adoption. Since big financial institutions see Ripple’s technology’s ability to transform cross-border payments, institutional interest in it is also piquing. Some wealth managers suggests that XRP has the potential to revolutionize international payments in a manner similar to that of early Amazon. They anticipate a future in which XRP processes trillions of transactions daily, which could result in a price increase of an astonishing $132—a preposterous 23,900% from its current level. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says Precaution In The Face Of Optimism Still, experts advise caution even if XRP has an encouraging future. Although forecasts are hopeful, they are not guaranteed since the market for cryptocurrencies is somewhat erratic. Analysts emphasize the need of realizing gains as prices rise instead of waiting for a climax that might never come to pass. Their advice for investors: make wise judgments and closely check price swings. Featured image from DALL-E, chart from TradingView

It’s time to retire the “altcoin” moniker and embrace crypto as an asset class, says Max Freccia.

The cryptocurrency landscape stands at a historic crossroads as the battle between XRP and the Securities and Exchange Commission (SEC) enters its most critical phase. Since December 2020, this legal confrontation has shaped the future of digital asset regulation, with implications reaching far beyond the immediate case. The potential impact of Donald Trump’s election adds another layer of complexity to an already intricate situation. The Evolution of SEC’s Cryptocurrency Stance Under SEC  Chair Gary Gensler’s leadership, the commission has maintained an aggressive enforcement approach toward digital assets. The SEC’s strategy of classifying various cryptocurrencies as securities has led to numerous enforcement actions against industry players. This strict interpretation of securities laws has particularly affected the relationship between Ripple and Coinbase, with many exchanges temporarily delisting XRP following the initial SEC lawsuit. Related Reading: 3 Reasons Ripple (XRP) Could Pump to $10 Before Trump’s Swearing-In on January 20 The commission’s approach has sparked intense debate within the crypto community. Chief Legal Officer Stuart Alderoty has repeatedly challenged the SEC’s interpretation, arguing that XRP functions as a digital currency rather than a security. This position gained significant support when Judge Analisa Torres issued her landmark ruling in July 2023. Institutional Interest and Market Evolution In XRP The institutional landscape for XRP has transformed dramatically since the initial SEC filing. Major financial institutions are no longer sitting on the sidelines, with Fox Business journalist Eleanor Terrett reporting unprecedented levels of interest from traditional finance. Investment firms are particularly drawn to XRP’s potential in cross-border payments, with transaction volumes reaching historic highs in Asian markets. The evolution of institutional involvement extends beyond simple trading activities. Banks are developing comprehensive blockchain strategies, incorporating Ripple’s technology into their existing frameworks. This integration represents a fundamental shift in how traditional finance views digital assets, with XRP at the forefront of this transformation. XRP Market Metrics and Performance The daily trading volume for XRP has consistently exceeded $2 billion since the partial court victory. Institutional inflows have reached unprecedented levels, with major investment firms allocating significant portions of their portfolios to digital assets. The potential approval of an XRP ETF could further accelerate this trend, opening new channels for institutional investment. The XRP price shows significant potential as the market digests recent developments. After reaching its highest level since 2022, analysts suggest the token could soar beyond current levels. Recent price analysis indicates strong support at key levels, particularly as crypto enforcement actions create market volatility. | Source; https://www.tradingview.com/x/wG67AyhZ/  Technical Analysis and Price Projections Market analysts provide detailed projections based on technical indicators and fundamental factors. The convergence of legal developments, political changes, and market dynamics suggests several possible scenarios for XRP’s price action through 2025. Related Reading: XRP Fever Sweeps The Web As Google Queries Soar To 100 Short-term Outlook Technical analysis indicates strong support levels around key price points, with resistance zones identified through historical trading patterns. The impact of SEC’s appeal continues to influence short-term price movements, creating opportunities for both institutional and retail investors. Long-term Projections Looking ahead to 2025, analysts factor in multiple variables: Potential resolution of the SEC case under new leadership Increased institutional adoption driving demand Expansion of cross-border payment networks Integration with traditional financial systems As we approach 2025, the convergence of legal resolution, political change, and market development suggests a transformative period for XRP and the broader crypto industry. The outcome of the SEC case, combined with potential regulatory shifts under new leadership, could fundamentally reshape the digital asset landscape.    

As Ethereum attempts to rally alongside Bitcoin, the asset appears to have been spotlighted as analysts assess its fundamentals to grasp what is ongoing behind the scenes. A key factor influencing ETH’s price so far, according to the latest analysis, is the relationship between net flows on spot exchanges and investor behaviour. Net flows measure the balance between Ethereum entering and exiting exchanges, providing a critical indicator of potential price trends. Related Reading: Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts Net Outflows And Conditions For Ethereum Price Growth Notably, net outflows typically signal bullish sentiment as investors transfer their ETH to cold wallets, reducing selling pressure on the market. In contrast, an increase in net inflows often reflects readiness to sell, which can create downward pressure. According to CryptoQuant analyst cryptoavails, these patterns in Ethereum’s net flow data have played a notable role in past price cycles. For example, in early 2022, when Ethereum’s price dropped from $4,000 to $1,000, net inflows were dominant, indicating heightened selling activity. However, the trend reversed in July 2022, with net outflows supporting Ethereum’s gradual price recovery. For Ethereum to maintain an upward trend, the analyst highlights that sustained net outflows are essential. When ETH is withdrawn from exchanges, the circulation tightens, reducing selling pressure. This supply-demand imbalance can favor higher prices as investor confidence grows. Particularly, a steady pattern of net outflows signals that investors are holding Ethereum long-term, suggesting an environment for price appreciation. However, cryptoavails mentioned that Ethereum’s growth momentum remains sensitive to sudden market shifts. A significant influx of ETH back onto exchanges could increase selling pressure, leading to short-term corrections. The analyst wrote: This dynamic supports upward pressure on the price. However, sustainability is crucial—sudden net inflows can lead to short-term selling pressure, weakening the trend. What This Means For The Altcoin Market Ethereum’s performance holds broader implications for the altcoin market. As a leading altcoin in cryptocurrency, its movements often set the tone for altcoin trends. According to the CryptoQuant analyst, a strong Ethereum rally supported by consistent net outflows can ignite an “altcoin season,” where altcoins experience significant price gains following Ethereum’s upward trajectory. Related Reading: Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next During such periods, investor sentiment shifts positively across the broader crypto market, driving demand for smaller-cap assets. cryptoavails concluded: Ethereum’s strong performance is essential for the anticipated altcoin season. ETH’s movements will significantly influence the future performance of altcoins. Thus, Ethereum’s net flow data on spot exchanges is a critical indicator that investors should closely monitor. Featured image created with DALL-E, Chart from TradingView

Ethereum spot exchange-traded funds (ETFs) have logged 16 consecutive days of positive daily inflows, renewing optimism for ETH’s potential new all-time high (ATH) in the coming weeks. However, for ETH to reach this milestone, it must surpass the critical resistance level of $4,000. Ethereum Spot ETFs Attracting Consistent Inflows According to data from SoSoValue, Ethereum spot ETF inflows have remained consistently positive since November 22. The cumulative net inflows total $2.32 billion, with a significant $1.5 billion added between November 22 and December 16 alone. Related Reading: Ethereum Finally Set For A New All-Time High? Here’s What Analysts Say Breaking it down by weekly inflows, the week ending December 13 saw net inflows of $854.85 million, closely followed by $836.69 million during the week ending December 6. Moreover, the total net assets held by Ethereum ETFs have climbed to $14.28 billion, which represents approximately 2.93% of ETH’s total circulating supply. Grayscale’s Ethereum Trust (ETHE) ranks as the largest holder with $5.87 billion in net assets, followed by Blackrock’s iShares Ethereum Trust (ETHA) with $4.02 billion. These strong inflows into Ethereum ETFs have bolstered bullish sentiment, with Ethereum bulls anticipating a possible rally to a new ATH for the second-largest cryptocurrency by market cap. Crypto analyst Momin Saqib took X to share his thoughts on ETH price action. The analyst noted that ETH looks poised to break through the local highs of the $4,000 range and is eyeing the $4,500 price level. He added: Ethereum inflows have been coming in non-stop for the last few weeks! After seeing $BTC at $107K…. I think institutions don’t have much options left to bet on higher upside of crypto industry! Higher! Looking at Ethereum’s weekly chart, the digital asset has made four significant attempts to break through the $4,000 resistance level. While it briefly surpassed this level during its second attempt, creating its current ATH of $4,878, it ultimately proved to be a false breakout, followed by a prolonged bear market over the next two years. Analyst Rekt Capital noted that ETH’s post-breakout retest of the $3,100 price level was successful, propelling the cryptocurrency back into the $4,000 zone. They highlighted that ETH has held above the $4,000 zone as support for the second consecutive week, a key development that could pave the way for further upward momentum. Despite The Potential Upside, ETH Traders Remain Cautious While strengthening fundamentals, bullish technical indicators, and persistent ETF inflows paint a positive picture for Ethereum, some analysts remain cautiously optimistic about ETH’s short-term price action. Related Reading: Ethereum Crosses $3,800: Is The ‘God Candle’ Nearing? Analysts Weigh In For instance, analyst CryptoBullet emphasized that ETH may see a quick wick to $3,700 before rebounding. The analyst added that ETH’s ability to hold above key resistance levels indicates its strong bullish momentum. Another factor potentially dampening short-term optimism is Justin Sun, founder of Tron (TRX), who recently unstaked $208 million worth of ETH from Lido Finance. This move has raised concerns about potential selling pressure. ETH trades at $3,947 at press time, down 0.2% in the past 24 hours. Featured image from Unsplash, Charts from SoSoValue, X and TradingView.com

A new altcoin, Hyperliquid (HYPE), is rapidly making waves in the cryptocurrency market, now ranking as the 28th largest cryptocurrency by market capitalization. This ascent has seen HYPE surpass established coins like Near Protocol (NEAR), with its value soaring by 204% in just two weeks, bringing its market capitalization to around $8.93 billion. Exploring The Hyperliquid Protocol  Examining the altcoin’s offerings is essential to better understanding the increased attention it has garnered over the past week.  HYPE is the native token of Hyperliquid, a Layer-1 (L1) blockchain that utilizes HyperBFT technology. This tool reportedly allows Hyperliquid to facilitate “fast, secure, and transparent transactions,” bridging the gap between centralized exchanges (CEXs) and decentralized exchanges (DEXs).  Specifically, with the protocol’s ability to handle over 100,000 transactions per second and a latency of less than one second, Hyperliquid addresses the performance limitations commonly associated with other blockchains such as Solana (SOL) and Ethereum (ETH). Related Reading: Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K? HYPE’s tokenomics include a burn mechanism to control supply and support price stability, a common practice seen in tokens such as Shiba Inu (SHIB). A strict vesting schedule is also in place to balance liquidity and mitigate selling pressure.  The token offers various utility options for investors, including trading fee discounts, staking opportunities, and governance participation. HYPE holders benefit from reduced trading fees, which can significantly boost profitability, while staking their tokens allows them to earn rewards or provide liquidity in trading pools.  New Listings And HyperEVM Launch To Boost HYPE?  Recent insights from crypto analyst Ericonomic have also highlighted several compelling reasons to remain bullish on HYPE despite any short term correction for the Layer-1 altcoin.  The analyst notes that Hyperliquid has seen all-time high in Circle’s stablecoin USDC deposits, indicating strong demand, while auction prices have also reached unprecedented levels, with significant purchases made by notable entities like MON Protocol.  The total amount of USDC held on Hyperliquid has surged, showcasing robust liquidity. Moreover, many savvy traders have invested millions in HYPE and are publicly supporting the token, suggesting confidence in its future potential. Retail investors have yet to enter the market significantly, as HYPE is not yet available on Tier 1 centralized exchanges, this could be a notable catalyst for its price in case of gathering significant attention by these traders for the HYPE price.  Related Reading: XRP Price Targets $3.34 After Corrective Downtrend Within Descending Channel Ericonomic has further drawn comparisons between HYPE and Binance Coin (BNB), noting that HYPE holders enjoy a more equitable distribution of fees, as all fees generated are directed back to the Hyperliquid protocol.  Additionally, the community anticipates several upcoming catalysts, including new listings in major crypto exchanges and the introduction of HyperEVM, which could significantly enhance the platform’s capabilities. At the time of writing, HYPE has consolidated at the $26.91 level following a retracement from its record peak of $42, which was reached on December 12.  Despite this correction, the token still reflects substantial gains of over 105% on a weekly basis, accompanied by trading volumes of $342 million. Looking ahead, it remains to be seen whether there will be sufficient catalysts to support the token after its recent correction.  Featured image from DALL-E, chart from TradingView.com 

A known market analyst sees the $6 per coin prediction for XRP crypto being claimed by some experts as too conservative. Crypto Bitlord suggested that the real target for XRP is $589 per coin, adding that those skeptical about this target are “not delusional enough.” Related Reading: New ATH: Bitcoin Tops $106K—Is FOMO And Strategic Reserve The Game-Changer? Three-Figure XRP Price Data showed that XRP is the top-performing crypto in the Trump-driven digital asset bull run. Hence, once again, a market expert is floating the idea of $589 per coin. Crypto Bitlord claimed that the real price target for XRP is not $6 as some commentators said but $589, adding that those who dismissed this three-figure target are not ambitious enough. You’re not delusional enough with your price targets $XRP $589 — Crypto Bitlord (@crypto_bitlord7) December 16, 2024 The crypto analyst argued that the prices being forecast by several market observers are conservative estimates, believing that $589 per unit is very feasible. Previously, Crypto Bitlord had already stated that XRP would reach the three-figure price. However, he received derogatory remarks from investors for what they claimed as an ambitious dream. Now, with the crypto asset performing very well in the bull market, Crypto Bitlord was able to fire back at them, calling them not “delusional” enough. Smoking Crack? Several traders in the XRP community do not share the same vision as Crypto Bitlord, seeing the target of $589 as not feasible. Earlier this month, another crypto analyst, Tony Edwards, downplayed the $589 target, saying that the target is a “fantasy.” Edward argued that astronomical price predictions for the coin are delusional, saying, “People calling for $589, $1,000, or $10,000 are “smoking crack.” My $XRP price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. pic.twitter.com/joXwhGcxMq — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024 Other analysts said that a three-figure price would only happen if the crypto’s market capitalization hit $33 trillion, an amount that would be greater than the consolidated market cap of the top 20 American companies. Edward estimated the price rally would put XRP between $5 and $8. Altcoin Performing Well Data revealed that XRP benefits greatly from the ongoing crypto bull market driven by Donald Trump reclaiming the White House. Last month, the crypto’s price surged by 283% while halfway through December, it has already soared by 23%, nearly reaching $3. Related Reading: 3-Year Peak: Chainlink Rally Fueled By Historic Open Interest Levels A CNBC report dubbed XRP as the “biggest winner” in the Trump-driven cryptocurrency rally. According to CNBC, since Trump won the US election, XRP price has skyrocketed by 370%, outperforming the broader digital asset market. In comparison, Bitcoin has only increased by 45% in the same period, while the entire cryptocurrency market went up by 91%. As of press time, XRP is traded at $2.36 with a total market capitalization of $136 billion. Featured image from, chart from TradingView

The market activity of TRON (TRX) has experienced a remarkable surge, resulting in the company making headlines. In November 2024, TRON achieved an extraordinary $587 billion in USDT transfers, a 30% increase from the previous months. Related Reading: Travala (AVA) Rally: Binance Early Bet And CZ’s Nod Drive 300% Growth This remarkable expansion underscores TRON’s status as a preeminent blockchain platform for stablecoin transactions, which are distinguished by their rapid transaction speed and low fees. TRON’s deflationary model and the growing popularity of stablecoins may pave the way for even more substantial price increases as the cryptocurrency market continues to develop. USDT Transfer Volume on TRON Reaches All-Time High of $587.2B (Monthly) “Stablecoins have seen remarkable growth, driven by strong interest in cryptocurrencies over recent months. TRON has emerged as the leading blockchain for stablecoin transfers. This chart highlights the… pic.twitter.com/150KEggTlK — CryptoQuant.com (@cryptoquant_com) December 14, 2024 Further Growth & Technical Analysis TRON, which is currently trading at $0.279, has demonstrated robust upward momentum following a reversal from a support level of approximately $0.2400, as indicated by recent technical analysis. Analysts anticipate that it will surpass the subsequent resistance level of $0.3200, which previously impeded its price at the beginning of December. The present positive attitude in the crypto markets supports this point of view since it suggests that TRON might keep on its upward path. Given that TRON’s market capitalization currently exceeds $35 billion, its rapid expansion reflects a more general trend of capital moving into established cryptocurrencies as investors search for stability in face of market volatility. Expert Foresees A Promising Future Andrew Griffiths, an expert in cryptocurrencies, thinks that TRON could soon hit $3 to $5. He says that the network’s popularity as a stablecoin and payment tool is the reason for this growth. The rising demand for USDT can help TRON become a bigger player in the crypto world. #TRX TRON is heading towards its apex, once it squeezes at that level, it will blow out, this will happen sooner than later, possibly in the next few months, target is 3-5 USD with an insanely deflationary model and the fastest blockchain for payment processing, nothing is… pic.twitter.com/b0xhgqhABT — Andrew Griffiths (@AndrewGriUK) December 13, 2024 TRON’s recent performance has not gone unnoticed; it has become a darling among investors seeking consistent returns. It is an appealing choice for developers who are designing decentralized applications (dApps) due to its robust infrastructure, which enables thousands of transactions per second. Additionally, TRON is expected to sustain its upward trajectory amid ongoing advancements in the crypto sector, such as technological upgrades and partnerships. Related Reading: Massive Dogecoin Rally Incoming: Bigger And Better Than 2021 — Analyst The Road Ahead TRX lately peaked at $0.45, doubling its valuation over night and raising its market value to $39 billion. With founder Justin Sun’s strategic $30 million investment in World Liberty Financial, the company’s trajectory has improved and TRON is now a major player in the blockchain scene. Featured image from Fast Company, chart from TradingView

Ondo Finance (ONDO) has emerged as a standout project in the crypto market, gaining significant attention for its focus on real-world asset (RWA) tokenization. Specializing in bringing US Treasury Bonds onto the blockchain, ONDO is positioning itself as a leader in bridging traditional finance and decentralized finance. This innovative approach has fueled tremendous growth for ONDO, the project’s native token, which has surged over 235% since November 5. Related Reading: Dogecoin Will See New ATH Soon – Top Trader Sets $2 Target The momentum hasn’t slowed as ONDO continues breaking all-time highs, with a remarkable rally since early December captivating investors and analysts alike. Despite this bullish trend, the market is eyeing potential volatility ahead. Recent data from Santiment highlights an increase in ONDO exchange inflows, often an early indicator of significant price movements. As Ondo Finance captures market interest, its focus on tokenizing US Treasury Bonds aligns with the growing narrative of connecting traditional finance with blockchain technology. This convergence of utility and innovation makes Ondo a compelling project in this market cycle. While the price action remains strong, the rising exchange inflows suggest that ONDO could be gearing up for a pivotal phase. Investors are now closely monitoring the token for signs of its next big move. ONDO Testing Price Discovery Ondo Finance’s native token, ONDO, has been in a strong upward trend, testing price discovery since early December after breaking its previous all-time high (ATH) at $1.48. This rally has propelled ONDO to new heights, with the token recently peaking at $2 just a few hours ago. The consistent upward momentum highlights growing investor interest, but the current price levels signal that volatility could soon make a return. Top crypto analyst Ali Martinez recently shared revealing data on X; Martinez pointed out that ONDO’s exchange inflows have been steadily increasing. Historically, spikes in exchange inflows for ONDO have been correlated with sharp price movements, both upward and downward. These metrics serve as a critical warning to traders and investors about the potential for significant volatility ahead. Martinez emphasized the importance of monitoring these inflows closely. According to his analysis, a spike in inflows typically reflects heightened activity, with holders potentially preparing to sell or new buyers entering the market in anticipation of further gains. “Watch out for the next move,” Martinez cautioned, indicating that ONDO’s price could either correct sharply or extend its rally further into uncharted territory. Related Reading: Solana To New ATH Before Christmas – Analyst Expects $300 Soon As ONDO continues to test price discovery, the next few days will likely be pivotal. If the token sustains its momentum above key support levels, it could push higher, solidifying its position as a top-performing asset in this market cycle. However, traders must remain vigilant, as increased exchange inflows suggest that dramatic price swings are imminent. Technical Analysis: Levels To Watch ONDO is currently trading at $1.90 after a failed attempt to break above the $2 mark earlier today. The price briefly touched this key psychological level before retracing, signaling a potential resistance zone. Despite this setback, ONDO remains one of the market’s standout performers, showcasing impressive strength as it continues to outperform most other assets. This recent pullback could be a setup for a larger move upward, as the price has consistently demonstrated bullish momentum over the past weeks. If the token manages to hold above the critical $1.83 support level, it could pave the way for another rally, potentially breaking past the $2 mark and entering a new phase of price discovery. However, traders should be cautious as volatility appears to be on the rise, with increased exchange inflows indicating heightened market activity. Related Reading: Dogecoin Whales Bought 210 million DOGE During Recent Correction – Bullish Signal? As the price hovers near its recent highs, the coming days will likely determine its short-term trajectory. Holding the $1.83 level will be crucial for bulls aiming to sustain the uptrend. Conversely, losing this support could lead to further corrections. With the token’s strong performance and market interest, Ondo Finance remains a key asset to watch in this evolving market cycle. Featured image from DALL-E, chart from TradingView

Despite surging more than 65% on a year-to-date (YTD) basis, Ethereum (ETH) has been overshadowed by Bitcoin (BTC) and other cryptocurrencies like Solana (SOL) and XRP due to their extraordinary price gains throughout 2024. Analysts are increasingly bullish on ETH, projecting five-figure price targets for the second-largest cryptocurrency. Ethereum To Finally Get Its Moment? The […]

There are still two weeks left for the year to end. This means you have two more weeks to grow your money and all that you have to do is select the right crypto to invest in. So if you want to enter 2025 with a bang, we have picked the top 5 best cryptos to invest in at the moment. All of the tokens listed below are currently in their presale so you’ll definitely get a great deal. As per expert predictions, all 5 of them are expected to do great in 2025. Let’s take a closer look at some of the best meme coins to see which one might be the best fit for you. 1. Wall Street Pepe Wall Street Pepe is still in its presale phase and has already managed to raise over $4 million. Its drastic growth has led some experts to believe that it has the potential to offer a x100 return. The platform is also offering staking rewards, encouraging investors to hold onto their tokens for 145% APY. This has driven countless investors to the project, further fuelling its value. Anyone interested in the staking rewards should definitely hurry up because the staking reserve is reaching its limit and the reward will also go down with time. 2. Cat Slap Cat Slap ($SLAP) has been off to a great start. Since its launch, its price has already increased by x20, hinting that it might have the potential to become the next x100 meme coin. This is an Ethereum-based meme coin based on the angry cat-slapping meme. It currently has a market cap of $33 million. Its current value is $0.004757. Experts predict that by the end of the year, it might hit an average price of $0.00746. By next year, its average price might jump to $0.0143 which is a 200% jump from the current price. 3. Flockerz Flockerz is another popular token that’s gone viral. In just 2 months of its presale, it has managed to raise more than $5.6 million. Its growth so far has led some experts to predict that it might be the next $PNUT (a very popular meme coin) and might give an x4000 return like the chill guy meme coin. But those are just speculations. For now, all that we know is its current price is $0.0062995 and it’s expected to double up to $0.0124 in 2025. Interestingly, 25% of the token supply is reserved to be distributed through a vote-to-earn mechanism, where investors can vote on simple questions to earn FLOCK tokens. 4. Crypto All Stars Crypto All Stars has already raised over $10 million in its presale. Currently, the token is only available to strategic investors and its presale is ending very soon. In the second half of December, it’s expected to launch on exchanges. As for its growth, there won’t be any major change in the last two weeks of the year. Its current value is $0.0016582. So by the end of December, the maximum value it’s expected to reach is $0.0067128. However, in 2025, experts are predicting an x24 growth. 5. Sponge V2 SpongeV2 is a second-generation token of the $SPONGE coin (the first one was called V1). It’s important to note that you cannot have both the tokens together. If you want V2 tokens, you need to permanently lock your V1 tokens which will ensure that the V2 tokens replace the V1 ones. Now speaking of growth, right now the average price of each token is $0.0025 but by the end of 2025, it can hit $0.0060, which is a 140% jump. Plus, the V1 tokens gave early investors a whopping x100 return on their investment. Who knows, maybe it can happen again. Invest Before the Year Ends From the predictions, it looks like Wall Street Pepe, Flockers, and Sponge V2 are expected to have the best year ahead. Out of these three, Wall Street Pepe followed by Sponge V2 has the most promising growth trajectory. But at the end of the day, it’s important to do your own research when investing because the crypto market is very volatile and things might have changed by the time you are reading this post. This article is not investment advice and we recommend you consult your financial advisor before making any decision.

Leading cryptocurrency asset Solana (SOL) is demonstrating notable renewed price momentum as it aims to challenge several key resistance points. These crucial levels have proven vital for its next major rally to higher levels, possibly to a new all-time high in the upcoming weeks. Price Breakout To Propel Solana’s Value Amid rising market optimism, Negentropic, […]

Bitcoin could reach $180,000 by the end of 2025, the asset manager said.

Crypto analyst Master Kenobi has provided extensive analysis, which discusses the Bitcoin price dominance and altcoin season. In his analysis, Master Kenobi also revealed what this sudden volatility means for the market.  Where The Bitcoin Price Dominance Is Headed  In an X post, Master Kenobi stated that the Bitcoin price dominance was meant to have begun its decline yesterday. However, the drop started 20 days earlier than anticipated. The crypto analyst added that. Having recorded three consecutive red weeks, Bitcoin’s dominance has entered a phase of volatility that could last for some time.  Related Reading: XRP Price Flashes Falling Wedge Pattern, Why $2.8 Is A Possible Target From Here The analyst’s accompanying chart showed that the Bitcoin price dominance experienced this volatility phase for 136 days. If history were to repeat itself, this volatility won’t end until April 6 next year. Master Kenobi opined that the market is currently in the first and likely the most critical stage of capital rotation from Bitcoin profits.  Once the market moves past this period of capital rotation, Master Kenobi predicts that a massive drop in dominance will follow, which, on the other hand, can be interpreted as the start of the altcoin season. Master Kenobi stated that even if the bull market extends beyond April 6, this period will likely be the most prolific for most altcoins.  Master Kenobi noted that the bottom in the Bitcoin price dominance on May 14, 2021, coincided with the first peak of the crypto market during the 2021 bull run. The analyst expects a similar pattern to unfold this time around. Meanwhile, the analyst indicated that the bottom in the dominance could happen at the beginning of March instead of April 6.  From The Bitcoin Halving Perspective  Master Kenobi also used the Bitcoin halving date as a reference point to prove that the Bitcoin price dominance could move along with these timelines. He noted that in the previous cycle, there was a short interval (four days) between the one-year anniversary of the Bitcoin halving on May 11 and the first major bottom in dominance on May 15.  Related Reading: Dogecoin Price On Its Way To $1: Why A Retest Of $0.48 Is More Important Than Anything In line with this, the analyst remarked that the timeline for the bottom in the Bitcoin price dominance (which would also mark the peak for the crypto market) can extend beyond April 20 to April 23, 2025. Master Kenobi cautioned that the exact date for the market peak cannot be pinpointed at this moment.  However, as time passes, he believes that there is a likelihood that he will be able to pinpoint with greater accuracy the date when the first phase of the bull market will end.  At the time of writing, the Bitcoin price is trading at $100,300, down in the last 24 hours, while its dominance is at 55.13%, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

According to a report by crypto asset management firm Sygnum, institutional investor-led ‘demand shocks’ could propel Bitcoin (BTC) prices to new highs in 2025. However, altcoins may underperform due to factors such as reduced capital rotation from BTC to other cryptocurrencies. Bitcoin Likely To Continue Its Momentum Into 2025 In a report titled Crypto Market Outlook 2025, asset manager Sygnum outlined multiple factors that are likely to further push BTC price upwards next year. The report highlights new capital inflows into the market – particularly institutional inflows – as the primary driver for the crypto bull market in 2025. Related Reading: Bitcoin On Track For $275,000? Analyst Cites Cup And Handle Formation The analysis highlights a ‘multiplier effect’ caused by institutional inflows combined with Bitcoin’s limited liquid supply. For instance, every $1 billion of net inflows into spot BTC exchange-traded funds (ETFs) reportedly triggers a 3-6% price increase. Additionally, the report notes that Bitcoin’s price momentum is amplified by the concept of reflexivity – demand for BTC grows as its price rises, creating a feedback loop. Together, institutional inflows, the multiplier effect, and Bitcoin’s reflexivity are expected to make 2025 a pivotal year for the cryptocurrency. The report also emphasizes the importance of a pro-crypto regulatory climate in the US, following the confirmation of Donald Trump’s victory in the November presidential election. The outcome is widely seen as favorable for crypto legislation, with expectations of a comprehensive regulatory framework that could provide much needed clarity for the industry. The election outcome bodes well for crypto legislation, with widespread expectation of the establishment of a comprehensive regulatory framework, which includes clarifying the status of crypto assets and defining the roles of the regulatory bodies. It is expected that the CFTC’s role in crypto oversight will be extended, and the chances of the various crypto bills passing and being written into law have increased substantially. Some of the major crypto bills that will be in focus are The Payment Stablecoin Act, The Bitcoin Act – which compels the US government to build a strategic BTC reserve – The CBDC Anti-Surveillance Act, and several other bills that support crypto self-custody, crypto mining, and decentralized finance. 2025: A Watershed Year For BTC The report predicts that institutional giants such as BlackRock, Fidelity, and Morgan Stanley will continue increasing their exposure to crypto. Notably, some portfolios now allow allocations of up to 25% for crypto investments, though typical allocations remain in the 1-3% range. Related Reading: Anthony Scaramucci Foresees China Bitcoin Strategic Reserve In 2025 Further, BTC may benefit from central banks and local governments considering setting aside some part of their funds for BTC reserves. Notably, countries like El Salvador and Bhutan are already actively mining and accumulating BTC as part of the wider national economic strategy. The report adds that 2025 inflows into crypto ETFs are likely to be ‘substantially higher’ than the net inflows to date. As of December 11, the total net assets in US-based spot BTC ETFs stands at $113.72 billion, according to data from SoSoValue. Despite the optimistic forecasts, the report acknowledges several potential risks that could dampen Bitcoin’s bullish trajectory. These include inflationary pressures, geopolitical uncertainties, and the increasing dominance of Tether in the stablecoin market. At press time, BTC trades at $100,940, up 0.9% in the past 24 hours. Featured image from Unsplash, Chart from TradingView.com

As well as cleaning up in the Electoral College, Donald Trump also seems to be doing rather bullishly with his cryptocurrency account. And now, observers are wondering if Wall Street Pepe ($WEPE) is next on his radar. Despite his past talent for bankrupting businesses, Trump’s crypto account seems to be bucking trends by performing rather well so far. According to Arkham, he currently holds almost $10M in crypto assets, with $TROG being the biggest one by far (almost $3.9M). This is notable as his preferred cryptocurrency has always seemed to be Ethereum ($ETH). But could his next target be Wall Street Pepe ($WEPE)? Given his political inclination to buck trends, break rules, and upset the apple cart, what $WEPE is trying to accomplish in the crypto markets may resonate with his team. After all, $WEPE is based on turning the tables on Wall Street whales, and letting the small investors make their potential fortune. This rule-bucking and trend-breaking could be what appeals to the President-elect, as he prepares to take office in just over a month from now. $WEPE is doing remarkably well at the moment with a market cap of almost $40M and a price steadily going up by the day. Presales have hit $3.5M with 5.2B tokens already bought and locked up. Future annual yields are currently estimated to be just over 150%. Social media buzz is also helping to propel $WEPE and boost presales, as it prepares to officially launch in just four days from now. All of this meme coin buying enthusiasm comes as Trump’s crypto platform, World Liberty Financial, embarks on a big crypto spending spree. Ethereum ($ETH) prices surged as WLF bought $10M of the tokens, as well as $1M in both aave ($AAVE) and Chainlink’s $LINK tokens. This is on top of another $30M spent in Ethereum ($ETH) in the past 12 days, and his close buddy Elon Musk using his X platform to push cryptocurrencies. Buying $LINK tokens is also worth noting, as Trump’s World Liberty Financial uses Chainlink’s infrastructure. So it’s reasonable to assume that his big investment in the company is based on the best interests of his own fledgling crypto company.

A leaked proposal to Russian finance minister, Anton Siluanov on the creation of a bitcoin strategic reserve in Russia, is adding to speculation about an imminent Bitcoin Space Race between the two global superpowers.  This, after President-elect Donald Trump pledged to establish his own Strategic Bitcoin Reserve in the US, even suggesting part of the US debt “could be “paid off” with Bitcoin. The leaked proposal hints Russia has its own reasons for getting into crypto:  “In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade.” The Central Bank of Russia is already preparing to launch an experiment in cross-border settlements in cryptocurrency. Putin himself recently described bitcoin as an “unstoppable technology” and praised its potential as an alternative to foreign currency reserves. Indeed, financial sanctions may have driven Russia to adopt bitcoin and crypto at a faster rate than in other countries.  Meanwhile, the price of Bitcoin has soared in 2024, reaching the monumental $100,000 mark earlier this month. And as major global superpowers race to board the crypto train, the prognosis for 2025 looks bright.  As we have seen, when BTC goes up, altcoins and meme coins surge as well. And, while Bitcoin is a safe bet for nation states, altcoins may hold the greatest life-changing odds for individuals willing to bet on the crypto craze continuing well into 2025. If that’s you, we’ve rounded up four of the best altcoins to get into right now. $XRP – Stable Option Geared for Cross-Border Payments XRP, the native cryptocurrency of the Ripple network, has seen huge growth in the past two months, gaining approximately 319.77%. Recently, it reached a six-year high of $2.46. XRP stands out for how it facilitates fast and low-cost international money transfers, with an average settlement time of just 4 seconds, and very low fees (0.00001 XRP per transaction). Recent regulatory gains, such as the New York Department of Financial Services (NYDFS) approval for Ripple’s stablecoin, have also added to investor confidence. As have its recent partnerships with over 300 financial companies, including American Express, Bank of America, and Banco Santander. It’s easy to purchase XRP, you simply need a reputable wallet like the Best Wallet App. You can safely buy a range of cryptocurrency with Best Wallet, from popular meme coins like Dogecoin (DOGE) and Pepe (PEPE), to new meme coins like Pepe Unchained. Crypto All-Stars – Multi-Token, Multi-Chain Meme Coin Vault You probably don’t want to miss out on Crypto All-Stars, the next big presale slated to break all the records. $STARS is also the first and only token that’s also a meme vault. That means it brings together many of the top meme coins, from Dogecoin to Pepe, under one roof, greatly simplifying the entire process for first time buyers who’d like to diversify across a number of meme coins. Also, buying and holding the native token, $STARS boosts your meme coin rewards even more. Crypto All-Stars is still in presale, and at today’s numbers, 1 $STARS = to $0.0016782, staking rewards are at a decent 191% and over $13M has already been raised. With just a week left to go before listing, this could very well be the presale to watch. Dogecoin – The First Doge in Space What began as little more than a joke back in 2013 has become one of the top meme coins in the world, thanks in no small part to endorsements by heavyweights like Elon Musk and Snoop Dogg.  In recent news, Dogecoin shot up 60%, from approximately $0.1807 to $0.2897 – as fast as overnight on November 6, election morning – in anticipation of a crypto-friendly Trump administration. At the time of writing, (12 December 2024), DOGE shows no sign of slowing down, with analysts predicting it could reach $3 any time now.  ETH – Second Only to Bitcoin Beaten only by bitcoin in terms of market capitalization, ETH is the native cryptocurrency of the Ethereum decentralized, open-source blockchain platform. Founded in 2015, today ETH accounts for as much as 20% of the $1.1 trillion global crypto market. Far more than just another crypto token, the Ethereum blockchain is really a global, decentralized platform running thousands of games, financial apps, and even many other crypto coins on its network. The best part is, just like bitcoin, ETH can often be used like fiat to buy and sell goods and services, fulfilling the original dream of crypto for financial freedom, not just quick riches. It’s Go Time for Crypto! Trump and Putin have both pushed the button on crypto and for the rest of us, well, it’s a good time to be alive. Who knew it was this easy to take away power from the banks? Who knew a meme could potentially change your life?! The race is on at every level, and as the world moves away from traditional payment methods to newer, crazier, decentralized alternatives, the winners will be those who seize the opportunity and can navigate the noise with patience and poise.   Disclaimer: This is not financial advice. Remember to always DYOR (do you own research) before buying any crypto and to never use funds you can’t afford to lose.  

Shiba Inu (SHIB), the second-largest memecoin by market cap following Dogecoin (DOGE), is now experiencing a notable surge in its price after breaking through key levels in the past week. Currently trading at $0.00002877, SHIB has risen 14% over the past day, signaling renewed investor interest. However, the memecoin remains down by 4.3% over the past week and is still 66.6% below its all-time high of $0.00008616, recorded in 2021. Despite these mixed performances, analysts suggest a potential bullish trajectory for SHIB. Related Reading: Shiba Inu Braces For Rally – Analyst Sees 35% Price Surge – Details Shiba Inu’s Next Big Move Renowned crypto analyst Javon Marks has provided a positive outlook on SHIB’s price action in a recent post on X. Marks highlighted a recurring bullish pattern, indicating the possibility of a significant upward move. “Shiba Inu has confirmed yet another bullish pattern,” he wrote, emphasizing that similar patterns in the past have led to upward continuations. According to Marks, SHIB’s recent breakout could drive the price towards $0.000081, representing a potential 180% increase from its current value. Marks elaborated that this target is achievable and may already be in progress, given the asset’s recent movements. Such a rally, he noted, could position SHIB as a standout performer in the altcoin market, drawing attention from retail and institutional investors alike. $SHIB (Shiba Inu) has confirmed recently, yet another Bullish Pattern and all of its recent has led into continuations, so we can be in for yet another major upside move, but with breakouts holding and one implying $0.000081 to be in play, it can be greater than many think! With… https://t.co/yiK6w67Cly pic.twitter.com/9wdsLpZdSi — JAVON⚡️MARKS (@JavonTM1) December 11, 2024 Broader Altcoin Market Outlook While Marks penned his piece on SHIB, another prominent analyst known as Captain Faibik offered insights into the current state of altcoins. In a post that featured the chart image of BTC dominance forming an ascending trendline that seems poised for a 48% correction, Faibik suggested a positive outlook for the overall altcoin market. Particularly, he urged investors to remain patient, viewing the recent dip as a buying opportunity rather than a reason for panic selling. Faibik stated, “Altseason hasn’t arrived yet; this is just the trailer. Patience always pays off.” Furthermore, Marks extended his bullish outlook beyond SHIB to include Dogecoin (DOGE), another widely-followed memecoin. In a separate analysis, Marks noted that DOGE is exhibiting strength and could potentially rally to $0.6533, possibly reaching as high as $1.2511 if it breaks key resistance levels. Related Reading: Dogecoin Defies Crypto Market Crash: Analyst Says It Looks ‘Incredible’ This would represent a 56% to 90% increase from its current levels, highlighting the potential for further gains in the memecoin market. Featured image created with DALL-E, Chart from TradingView

Sentiment from the head of a Wall Street giant signals good news for the cryptocurrency economy. Goldman Sachs CEO David Solomon has said that the investment banking major would evaluate trading cryptocurrencies should US regulations permit the bank to do so. “At the moment, as a regulated banking institution, we’re not allowed to own a cryptocurrency like Bitcoin as a principal,” he said at a Reuters Next conference, held on Tuesday, 10 December. “We give our clients advice around a variety of these technologies and these issues, and will continue to do that. But for the moment our ability to act in these markets is extremely limited from a regulatory perspective.” Interestingly, Goldman Sachs disclosed in its recent US Securities and Exchange Commission (SEC) 13F filing that the company holds more than $700M in eight Bitcoin ETFs, as of September 20, 2024. So, it would appear that at long last, corporate attitudes to crypto are finally changing. Even US President-elect Donald Trump has positioned himself as a champion of cryptocurrency. The launch of a strategic national crypto stockpile was among the promises made by Trump in the run-up to the 2024 election. Removing Gary Gensler – the nemesis of crypto companies due to his aggressive approach to crypto regulation – from his position as SEC Chairman was another. A Green Light for Ripple’s Stablecoin Means Meme Coins Pump The big news for the cryptocurrency economy keeps on rolling, as Ripple CEO Brad Garlinghouse recently announced that its $RLUSD stablecoin has been approved by the New York Department of Financial Services to go live. Pegged to the US dollar at a 1:1 ratio, $RLUSD will be supported by a combination of US dollar reserves, short-term US Treasury securities, and other liquid assets, mirroring Tether’s approach to backing. $RLUSD is set to be launched on the XRP ledger in Ethereum. In all, the latest developments are great news for the economy, cryptocurrency holders, and the likes of Best Wallet. Powered by Best Wallet’s $BEST token – currently in presale with an impressive $3.34M already raised – Best Wallet plans to capture 40% of the crypto wallet market share by end-2026. Best Wallet is mobile-first, fully non-custodial app supports thousands of cryptocurrencies, including the best meme coins, across 50 major blockchains. But it’s that non-custodial aspect that sets Best Wallet apart. Most crypto wallets are controlled by centralized companies or exchanges, whereas Best Wallet gives users full control over their wallet. And that’s in addition to reduced transaction fees, early access to presales, and airdrops. It’s also the first crypto wallet to use Fireblocks’ MPC-CMP wallet technology, which adds high security, zero counterparty risk, and multi-blockchain support. All things considered, we believe $BEST is worthwhile looking into. Investors have just under two days to secure $BEST at its current price of $0.23075 before the next price increase. Bear in mind, though, this article does not constitute financial advice, and it’s always important to DYOR.

As meme coins continue to win over the public’s hearts and wallets, analysts wrestle with their irreverent, often degenerate appeal. Take $Luigi, a meme token inspired by Luigi Mangione, the lead suspect in the December 4 shooting of UnitedHealthcare CEO, Brian Thompson. The coin soared to a $77 million market cap just two days after launching earlier this week, in what can only be read as a protest against Mangione’s arrest on 9 December.  Mangione has been cast as something of a hero for writing a manifesto against corporate greed and taking action in this ruthless hit-and-run shooting, which was recorded live and viewed by millions online.  In a depraved response, the Luigi coin was then launched by anonymous crypto traders, and immediately started trending on Raydium, the automated market maker built on Solana. Hype-Coins Signal Public Sentiment Meme coins often pop up in response to viral content, news or popular culture events, and their value can fluctuate wildly, reflecting public sentiment towards these topics.  While many are based on fairly innocuous memes, like dogs, cats and frogs, others are fueled by darker tropes, such as murder, suicide, cancer, or even swastikas. The Luigi coin, for example, seems to draw its strength from the latent anger common people hold for corporate greed. “As always, Solana meme coins are the best source of the news, as seen with the Luigi Mangione coin made minutes later,” said meme coin guru Burning Kitty on X. The $Luigi meme coin continues to feed off the hype around the story, but like most news-based meme coins, it’s highly volatile and has dropped to $29 million at the time of writing.  Dark Energy Powers Meme Coins Similarly, coins like Catslap engage the public’s secret desire to perhaps b*tchslap some powerful people, as featured in the $SLAP website.  These meme coins demonstrate that public anger can be funneled to send a token to the moon, but also, that acting on heated emotions may not be the best bet.  That’s because, the more charged the issue, the more volatile the value, as we have seen with $LUIGI falling as fast as it rose. Meme tokens like $LUIGI lack the fundamental value and stability of traditional assets, making them highly volatile and risky investments, argues Alex Beene, Financial Literacy Instructor at University of Tennessee, in an interview with NewsWeek. “Typically rises in the value of a meme coin pertaining to a viral story or trend aren’t this gruesome, not to mention centering on criminal activity. Even if the flurry of buying activity is being done more out of novelty for the moment than as a sign of support, it definitely doesn’t speak highly to some in the crypto community” Beene adds. Analysts believe a wiser move, if you’re into irreverent meme coins, may be to look at something like Catslap ($SLAP). The token has seen a price surge of some 220% since listing on MEXC on December 6. This, following a 7,500% price gain since its launch on decentralized exchanges just two weeks ago.    Catslap is audited by SolidProof, has a 99% project reliability score on DEXtools, and 53% of its $6.8 million liquidity is locked on-chain for one month. So rug pulls are unlikely. The token is also now one of the top swaps on crypto’s most-popular Ethereum wallet, Metamask. Liquidity looks deep at $6.5 million, and it’s locked for an extra six months to signal the team’s commitment to the project’s longevity. You can buy $SLAP on MEXC, Best Wallet, directly via the exchange widget on the Catslap website and on Uniswap DEX. $SLAP is gunning for a $100 million market capitalization, so act fast if you want to slap with the top cats. Read here for some of the other best meme coins to be looking at right now. Disclaimer: As always, this is not financial advice, and it’s best to always DYOR (do you own research) before buying crypto.  

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, seems to be drawing attention as analysts observe market metrics that indicates the possible next move for ETH. Recent data from CryptoQuant has highlighted patterns in accumulation and exchange-traded fund (ETF) inflows, providing a detailed look at Ethereum’s potential trajectory as it underperforms relative to Bitcoin in the current cycle. Related Reading: Ethereum Price Faces Pressure: Bulls Tested After Setback Analyzing Trends in Accumulation and ETF Inflows In a series of posts shared on social media platform X, CryptoQuant analysts dissected Ethereum’s key metrics. One of the standout observations was Ethereum’s balance in accumulation addresses. These addresses now hold approximately 19.5 million ETH, valued at around $78 billion. For comparison, Bitcoin accumulation addresses hold about 2.8 million BTC, worth $280 billion. While the dollar value of Bitcoin held is four times larger than Ethereum, this aligns with their relative market capitalizations, offering insights into investor behaviour. Another critical metric spotlighted was the steady inflow into Ethereum-focused ETFs over the past months. Notable spikes were recorded on several key dates, including $1.1 billion on November 11 and $839 million on December 4, 2024. According to the CryptoQuant analysts, these consistent inflows are a strong indicator of institutional buying interest, reinforcing Ethereum’s growing appeal among large-scale investors. The Ethereum ETF has seen steady inflows in recent months. Key spikes on: Nov 11, 2024: $1,100M Nov 21, 2024: $754M Nov 25, 2024: $629M Nov 27, 2024: $883M Dec 4, 2024: $839M These inflows reflect strong buying pressure. pic.twitter.com/OIwWNmRPYB — CryptoQuant.com (@cryptoquant_com) December 10, 2024 Despite the strong ETF demand, Ethereum’s price movements have been less dramatic compared to Bitcoin’s performance in this cycle. Historically, Ethereum’s price peaks have trailed Bitcoin’s, as seen during the 2021 bull run. At that time, Bitcoin hit an all-time high (ATH) in March with a 480% gain, while Ethereum peaked few months after with roughly 1,114% increase. However, in the current cycle, Ethereum appears to be underperforming, signaling a shift in market dynamics. Taker Volume and Potential Growth Furthermore, a significant area of concern the analysts mentioned is the Ethereum’s taker volume, which reflects market sentiment by comparing aggressive buying and selling activity. CryptoQuant reported that Ethereum’s taker-seller volume has hit a record low of -400 million. This aggressive selling activity is reminiscent of patterns observed before its ATH in 2021. While the current selling pressure may seem bearish, it could also signal a market nearing a critical pivot point. Ethereum Taker Volume is at its lowest level on record. Ethereum’s price weakness is due to high taker-seller volume, now at a record low of -400 million, indicating aggressive selling. A similar pattern occurred before Ethereum’s peak in May 2021. Despite this, there may still… pic.twitter.com/OmRYvAzjxI — CryptoQuant.com (@cryptoquant_com) December 10, 2024 The analysts emphasized that Ethereum’s underperformance in this cycle does not preclude the possibility of significant growth. Related Reading: Ethereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000 The interplay between accumulation patterns, ETF inflows, and taker volume suggests that Ethereum could still have room for upward momentum. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH) continues to hover around the critical $4,000 resistance level, a price point many believe could determine the cryptocurrency’s next major move. However, a strong weekly close has sparked optimism among analysts, suggesting that ETH could be on track to reach a new all-time high (ATH) soon. Ethereum Heading To New ATH? Experts Weigh In While cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP have experienced explosive growth this year, ETH’s price momentum has been relatively subdued. According to CoinGecko, Ethereum has recorded gains of 62% over the past year, falling short compared to other trending digital assets. Related Reading: Analyst Confirms Ethereum Golden Cross As ETH Surges Past $4,000 – Is Altseason In Sight? However, ETH’s performance relative to other cryptocurrencies has not deterred ETH bulls from aiming for new ATHs for the cryptocurrency. For instance, seasoned crypto analyst Pentoshi recently took to X to explain the significance of ETH’s “structural changes” and the consistently large inflows attracted by spot ETH exchange-traded funds (ETFs).  Pentoshi noted that Ethereum has not only recorded a higher high on the weekly chart, but also had its highest weekly close of the year. The analyst added that, given its current price of slightly below $4,000, there is not much resistance to ATH, which “should act as a magnet” for further gains. Another crypto analyst, @CryptoPoseidonn highlighted that ETH is set to break out of its “4-year, 1,460-day range to the upside.” In a chart, the analyst marked out the different Fibonacci extension levels to identify potential price targets for ETH. According to the chart, ETH can rise to $6,000 at the 1.272 extension level, $7,400 at the 1.618 extension level, and $11,400 at the 2.618 extension level. ETH can rise “much higher, far beyond your worst nightmares,” the analyst added. In a shorter time frame, Satoshi Flipper, another well-known analyst, emphasized that ETH attempts to break through an ascending channel in the 4-hour chart. He suggested that the current price, sitting on diagonal channel support, might present a “nice entry” point, predicting that the next impulsive move could take ETH to $4,400. ETH Bulls Cautiously Optimistic Although there is high anticipation for a new ETH ATH, some experts opine that there may still be a few hurdles before the digital asset records a new ATH price. For instance, ETH crossing the $4,000 level may lead to increased risks of profit-taking, potentially resulting in a short-term correction. Related Reading: Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains However, Ethereum’s fundamentals remain robust, adding to its bullish outlook. For instance, ETH active addresses and large value transactions have shown an uptick, reflecting increased on-chain activity during the recent rally. Additionally, some analysts believe ETH could follow a trajectory similar to Bitcoin’s 2021 bull run, with the potential to reach $10,000. ETH trades at $3,847 at press time, down 3.9% in the past 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

Ethereum, the second-largest crypto by market capitalization, has recently demonstrated strong bullish momentum, breaching above $4,000. It is worth noting that its price rally has been accompanied by a significant spike in its funding rates, a critical metric reflecting sentiment in the futures market. The metric, analyzed by CryptoQuant analyst ShayanBTC, has reached levels not seen since January 2024. This surge in funding rates suggests a growing optimism among traders, with many anticipating the possibility of Ethereum reaching new all-time highs. Related Reading: Large Ethereum Transactions Grow As ETH Breaks Yearly Highs But Is A Correction On The Horizon? Despite this enthusiasm, the market’s current state raises questions about sustainability. Historically, such spikes in funding rates have often preceded short-term corrections, stabilizing the market. According to Shayan, the current situation mirrors January 2024, when Ethereum saw an 88% rally following similar market conditions. The analyst suggests that while the current rally may pave the way for further gains, a pullback could be essential for healthier long-term growth. Funding rates serve as a barometer for market sentiment, particularly in the futures market. A positive funding rate indicates a preference for long positions, with traders expecting higher prices. Ethereum Funding Rates Hit Multi-Month High “Funding rates are at levels last seen in January 2024, when Ethereum rallied by 88%. This reflects increased long-position interest as optimism grows. Similar to January, this sharp increase suggests the likelihood of a pullback.” –… pic.twitter.com/euKGhIqNKO — CryptoQuant.com (@cryptoquant_com) December 9, 2024 As Ethereum’s funding rates hit multi-month highs, this trend signals a surge in bullish sentiment. However, history shows such sharp increases can create short-term market imbalances, leading to corrections. Shayan noted: While Ethereum’s rally is underpinned by bullish sentiment, the spike in funding rates signals the need for a short-term correction, paving the way for healthier and more sustainable price growth. Ethereum Market Performance Ethereum remains below the $4,000 mark after falling below this level last week. Currently, ETH is trading at $3,819, reflecting a 4.9% decline in the past 24 hours. Despite the recent drop, the asset has gained nearly 30% over the past month. However, ETH’s latest dip further distances it from its all-time high of $4,878 in 2021, leaving it 20.5% below that peak. Related Reading: Ethereum Active Addresses Surge By 36% In Support Of Bullish Price Action – Details Nevertheless, market analysts maintain a bullish outlook on Ethereum, with many projecting potential new highs for the asset shortly. $ETH Hello everyone, I felt the need to share a detailed #ETHUSDT analysis with you. I hope you find it helpful. First and foremost, despite the recent rise in $BTC, Ethereum and altcoins have not yet responded as expected. Therefore, I encourage those who are worried to remain… pic.twitter.com/XsB2HroNnG — Talha Batuhan Ayna (@TBatuhanAyna) December 9, 2024 Featured image created with DALL-E, Chart from TradingView

According to the latest report by CoinShares, crypto asset investment products have achieved a historic milestone, with weekly inflows totaling $3.85 billion, surpassing previous records set earlier this year. CoinShares highlighted a surge in investor interest, propelling total year-to-date (YTD) inflows to $41 billion and assets under management (AuM) to $165 billion—a contrast to prior […]

Ethereum is portraying its position as a leader in the crypto market after its recent upward spike to the $4,000 mark, a level not seen for about three years. As ETH challenges resistance points, this notable rally toward the pivotal level has sparked strong confidence about its future performance. Can Ethereum Reach Its Current Peak? […]