The native coin of Hedera Hashgraph, HBAR, is the talk of the cryptocurrency market following an impressive price ascent. In a matter of four weeks, the coin reversed a bearish trend that had persisted for more than 1,000 days. With increased investor interest, experts are piling on the lofty price predictions, suggesting a rise in faith in this enterprise-grade public ledger. Related Reading: Cardano Rally Heats Up: Experts See 750% Jump Ahead The price of HBAR was $0.3173 at the time of writing. Even though the coin lost 10% in the last 24 hours, it did very well over the course of a week and a month. Notably, HBAR has maintained a huge 801% rally over the last 30 days, which has made buyers very happy. What’s driving this momentum? A combination of innovative upgrades, partnerships, and market optimism. HBAR’s rebound is more than just a price spike—it’s a transformation in how the project is positioned in the blockchain space. Aggressive Targets In The Bull Market Experts have projected a hopeful $5 for HBAR as the bull market for cryptocurrencies keeps up. A more conservative $2.50 shows great growth potential if the market peaks in April 2025. This positive attitude is not founded in conjecture alone. Hedera is getting ready for major announcements including a new privacy layer that will let consumers construct private network instances while still linked to the public ledger. Dr. Leemon Baird, co-founder of Hedera, believes that this privacy layer has the potential to change areas such as finance, healthcare, and supply chain management. Hedera addresses significant gaps in blockchain technology by providing organizations with a safe yet interoperable solution. Ripple Partnership Boosts HBAR Adoption Hedera’s increasing integration with blockchain-based payment systems is another motivator. The technology, via Dropp, plays an important part in the Federal Reserve’s FedNow system, allowing for rapid and safe transactions. Moreover, its interaction with Ripple (XRP) proves it to be a strong rival in USD transaction handling. The likely certification of the RLUSD stablecoin by Ripple in December could help HBAR’s position in the payments ecosystem to be strengthened, therefore promoting acceptance in many sectors. Related Reading: Cardano Rally Heats Up: Experts See 750% Jump Ahead Performance Upgrade Establishes New Benchmarks Hedera isn’t stopping with privacy. A substantial upgrade is on the way, potentially raising transaction throughput to 500,000 transactions per second (TPS). This advancement would make Hedera the world’s fastest blockchain network, a position that might significantly alter market dynamics. $HBAR (Hedera) continuing to display significant strength here and can still be positioned to continue with ≈$0.504 still in play as a target! With this target in play, we could see a near 3X from here in an additional +192% climb to reach it… https://t.co/J1gtwa1Xgl pic.twitter.com/26wq1Tp9ga — JAVON⚡️MARKS (@JavonTM1) November 29, 2024 Although the Relative Strength Index (RSI) points to rising buying activity, nearing overbought levels could indicate profit-taking. Still, experts like Javon Marks are hopeful, projecting a rise to $0.504, almost three times its current worth. Open interest in HBAR trading rose 28% to $187 million. Capital inflows indicate increased confidence, suggesting the HBAR rise may continue. Hedera’s progress should be monitored by investors and enthusiasts. Featured image from Pexels, chart from TradingView
If you’re a crypto holder, a keen market observer, or just reading the headlines lately, you’ll know that a few cryptocurrencies are making waves. In addition to Bitcoin, which is currently teasing the $100k level, Ripple’s XRP is creating a price surge: the altcoin is enjoying a solid 107% gain in the last week, data from Coingecko shows. Related Reading: Cardano To Hit $10? Analyst Thinks It’s Happening This Cycle To fully understand XRP’s surge, we must take a step back to its price during the November 5th elections and its value at the start of the year. Immediately after Donald Trump won, the coin was off to a sluggish start, trading at $1.50 levels. But at the beginning of the year, it was trading at $0.61, reflecting a 350% increase. Thanks to XRP’s bullish movement, Tether has been dethroned from the top cryptos in terms of market caps. But if you think that Ripple’s XRP momentum is about to end, well – think again. According to Crypto Michael, a market psychologist, the altcoin is still trading below its potential peak, and he expects a bigger “FOMO” frenzy soon. The craziest thing about this XRP rally is that it still hasn’t broken its ATH Imagine what will happen when it breaks ATH and enters price discovery They laughed at me when I called for a major breakout back at $0.5 I think it’s time you stopped underestimating this coin — Crypto Michael (@MichaelXBT) December 2, 2024 Ripple’s XRP Is Having A Moment XRP is arguably the hottest crypto right now, and its gains outperform those of Bitcoin and Ethereum. Today, XRP is trading at around $2.73, consolidating its price above $2.50. Last month, its price was hovering near the $0.60 level just before the elections, reflecting a growth of over 400% in just one month. XRP’s thrilling price rally has attracted considerable attention from holders, traders, market analysts, and psychologists. Crypto Michael, who regularly shares his bullish calls on XRP, has contributed his insights on the current market action. In a Twitter/X post, he shared that the token’s wild days aren’t over. Altcoin To Break ATH And Enter ‘Price Discovery’ In the same Twitter/X post that garnered over 72k views, Crypto Michael argued that XRP’s current rally hasn’t broken its all-time high. He added that if XRP breaks out and hits another all-time high, it enters its price discovery, and all bets are off. Related Reading: Shiba Inu All Set For ‘Bull Show’, Eyes 180% Rally – Analyst Is It FOMO Time For Ripple’s XRP? The analyst also challenged everyone to imagine a scenario in which XRP finally hits another all-time high and enters price discovery mode. Michael thinks a FOMO moment will break out if this happens. Crypto Michael’s continuous bullish call on XRP has continued to receive criticism. Still, the market psychologist remains firm in his position. In an August 10th posting, he targeted $2 for XRP. However, with the recent rally, Michael has re-assessed his position and decided to hold. Featured image from Fortune, chart from TradingView
Solana (SOL) has been one of the leading cryptocurrencies throughout this bull run, seeing a 66.8% jump in the last three months to its latest all-time high (ATH) and flipping other rivals. Despite its remarkable rally, SOL has recently lost the spotlight to Altcoins like XRP, risking a major correction in the coming days. Related Reading: Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure Solana To Retest $200? Solana has outperformed most of the market during this cycle, leaping over 231% in the last year. The ecosystem has been the talk of the town, with Solana-based memecoins leading the market’s narrative and SOL’s DeFi activity outpacing Ethereum’s. Less than a month ago, the cryptocurrency’s bullish rally saw the altcoin surpass Binance Coin (BNB) as the fourth-largest token by market capitalization. SOL saw its price rise near the $200 zone, propelling its market capitalization to $88 billion on November 6. Since then, its market cap has surged nearly 20% to $105 billion, but SOL’s momentum has begun to slow down as other cryptocurrencies pick up steam. On Sunday, XRP flipped Solana and Tether (USDT) to become the third-largest crypto by market cap, sending SOL to the fifth position. XRP’s milestone made some investors and market watchers worry about SOL’s future performance since the cryptocurrency has experienced a 14% retrace from its latest ATH of $263 nine, recorded nine days ago. Crypto analyst Income Sharks noted that Solana displays a bearish structure on its lower timeframe chart. According to the post, the altcoin has been forming a Head and Shoulders (H&S) pattern in the past month after a three-week diagonal trendline break, suggesting a trend reversal for Solana. On Sunday night, SOL dropped below the $230 mark, hitting its lowest price since November 15 and breaking below the pattern’s neckline. This could potentially send Solana to retrace around 10% and test its previous support zone between the $200-$210 range. Similarly, crypto analyst CRG noted that a retest of these levels would be possible before bouncing to new highs. SOL Sees Historic November Close Despite the recent retrace, several crypto watchers consider SOL’s rally is far from over, highlighting the token’s strength throughout the cycle and its achievements. Crypto Jelle pointed out that Solana still targets the $400-$600 in its price discovery mode after it broke out of an 8-month bullish pennant in November and “locked in a monthly breakout too.” Likewise, Rekt Capital noted that the cryptocurrency recorded a historic close this November, as it saw its “Highest candle-bodied Monthly Close of all-time.” Other analysts also concurred, hinting that investors should remain optimistic about the $400 target as momentum remains strong. Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 Moreover, Solana displays a multi-year Cup & Handle pattern, which has a potential 100% rally to the $400 target after last month’s breakout from the handle’s trendline. SOL records a 5.3% and 7.2% decline in the daily and weekly timeframes but shows a 36.3% surge in the last month. As of this writing, Solana is trading at $224, with a 97% increase in its daily trading volume. Featured Image from Unsplash.com, Chart from TradingView.com
Shiba Inu (SHIB) is stirring up excitement again. The meme-based cryptocurrency has seen bullish momentum lately, grabbing the attention of investors and analysts alike. But is this rally sustainable, and could SHIB really soar to the heights some experts are predicting? Related Reading: Cardano To Hit $10? Analyst Thinks It’s Happening This Cycle Crypto analyst Javon Marks thinks so. He just recently published insights suggesting SHIB may be targeting $0.000081, a massive 179% jump from where it is today. The market has been very unpredictable, but Marks said that this breakout is a sign of strength. Is this enough to keep SHIB in the spotlight? Bullish Signals Shine Bright Recent success by Shiba Inu in closing above important resistance levels has revived expectations for more gains. Technical successes along these lines are suggestive of good buy order accumulation. When SHIB continues on this trend, then reaching the $0.000081 target is not very far-fetched. $SHIB (Shiba Inu), after recently confirming another bull pattern, looks to be further joining the bull show as prices are now showing signs of MAJOR STRENGTH! With holding breakouts implying that $0.000081 target to still be in play, these prices can be subject to another… https://t.co/CKpxZb7CMh pic.twitter.com/lu2QT5FzEg — JAVON⚡️MARKS (@JavonTM1) December 1, 2024 At the time of writing, SHIB was trading at $0.00003061, which is an increase of 13% in the last 24 hours. That is no small achievement in a volatile market. According to analysts, for SHIB to keep on moving upward, maintaining support levels will be of prime importance. It is not about breaking resistance; it is also about staying above it. Recent Setbacks And Market Volatility However, not all has been smooth sailing. SHIB saw a slight pullback recently, dropping to $0.000029 after losing 6% in a single day. This decline mirrors a broader market slump, with the total crypto market cap shrinking by 6%. Even against Bitcoin, SHIB stumbled, recording a 4% loss. With these fluctuations, one can see the risks that crypto trading poses. Investors should wait for clear breakout confirmations and keep an eye on broader market trends. Short-term price movements are always misleading, so patience is key. The Road Ahead For Shiba Inu Beyond price movements, there are strategic moves made on the part of Shiba Inu to evolve its ecosystem. Developers are working on advanced integration of blockchain technologies to boost utility. Smarter contract platforms can transition it from a mere meme coin to a valuable tool for decentralized applications (dApps). The whole shift might attract long-term investors to look for more than speculative gain. Related Reading: As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says Meanwhile, as the memecoin’s journey to $0.000081 is ambitious, the short-term to medium-term performance of Shiba Inu is quite robust, showing a 109% increase in the last three months. If the bullish trend is sustained and it takes advantage of the technology involved, even the critics will be surprised. For now, it is all about watching the key price levels and navigating through the volatile crypto waters. As always, investing in SHIB – or any crypto for that matter – carries risks, but the potential rewards continue to captivate many. Featured image from DALL-E, chart from TradingView
As Bitcoin leads the charge for crypto this cycle, with its price teasing the $100k level, many analysts offer predictions on top altcoins. One token that’s widely seen to surge in this cycle is Cardano (ADA), a popular proof-of-stake blockchain that supports dApps. If one crypto analyst is to be believed, Cardano can hit $10 in this current bull cycle. Related Reading: As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says According to Lark Davis, the token’s 213% monthly surge only scratches the surface of its full potential. Cardano has been one of the top-performing digital assets in the last few weeks. With its over 200% gain in one month, Cardano’s market cap is nearing that of USDC. And for Davis, he expects that this “Ethereum killer” will reach an all-time high of $10 this cycle. Can Cardano Surge To $10? If Davis’ predictions hold, Cardano’s price will grow by 800%. The popular crypto commentator suggests that it’s never too late to invest in the asset. Davis’ assertion is based on observations that Cardano still has room for growth. BREAKING: Lark Davis says “#Cardano‘s getting the attention and the hype, we could see $10.00 $ADA.” pic.twitter.com/oOpCx0DuI6 — Angry Crypto Show (@angrycryptoshow) November 29, 2024 Davis explains that strong macroeconomic indicators back Cardano, and there’s still hype on its use cases and ecosystem. He mentioned that the attention and favorable market conditions would let the token “run real hard and real fast”. Davis expects Cardano to continue its run in the short term, and its price will hit $3.16. From this price point, the token can increase by 332%, at the back of a 1.618 Fibonacci level, with a price of $4.80. He expects more price action for Cardano, and when the Fibonacci level reaches 2.618, the token’s price can hit $7.70. Finally, Davis sees Caradno making another push to $10 behind a Fibonacci level score of 3.618. Cardano’s Market Dominance According to Davis, Cardano had 4% market dominance in the last cycle. He analyzed that the token’s market cap can increase 10x in the current market valuation, pushing its valuation to roughly $370 billion. This 10-fold increase in market valuation will be reflected in its price, pushing Cardano past the $10 level. In short, the prediction of its Fibonacci price level matches the analyst’s expectations of its market cap. Other market analysts also echo Davis’ price assessment for Cardano. For example. Dan Gambardello shared that the token can hit $5 up to $10 after consolidating above the $1 level. Related Reading: Explosive Breakout Ahead? XRP Bulls Rally Toward $2 Mark On-Chain Data Suggests A Cardano Surge According to on-chain data, ADA is ready for another price run. Information from CoinMarketCap tells us that the token has already exceeded Binance in terms of 24-hour volume. A surging market volume suggests increased attention and interest in the asset. Featured image from Zipmex, chart from TradingView
The latest on-chain data shows that the stablecoin market is nearing a new milestone in terms of valuation. Here’s how the increasing liquidity could impact Bitcoin and the general cryptocurrency market. Can The Increasing Stablecoin Cap Push Bitcoin Price To $100,000? Market intelligence platform IntoTheBlock has revealed in its weekly report that the stablecoin market capitalization has experienced notable growth in the past month. According to the crypto firm, the stablecoin market cap surged past $190 billion this week for the first time since late April 2022 when Bitcoin price was hovering around the $40,000 mark. This impressive growth comes on the back of Bitcoin’s unprecedented run to a six-figure valuation and the explosion of the total market capitalization to over $3.4 trillion. IntoTheBlock noted that stablecoins have seen increased adoption in the past few weeks, as investors continue to run toward riskier assets like cryptocurrencies. Related Reading: Ethereum Struggles Below $3,659 Resistance: Is Momentum Fading? Specifically, this expansion has primarily been in favor of Tether’s USDT, which continues to completely dominate the stablecoin market. Data from IntoTheBlock shows that USDT holds about 72% of the market share, with a market capitalization of over $133 billion — reminiscent of the crypto market highs of 2021. Interestingly, the demand for the Tether stablecoin appears to be climbing, with a weekly mint of over $3 billion of new USDT tokens. Most notably, over $13 billion USDT has been minted since the start of November, with the stablecoins largely flowing toward centralized exchanges. This injection of fresh liquidity into centralized exchanges has been reflected in the market, especially with the strong bullish momentum witnessed in the past few weeks. Historically, increasing stablecoin inflows into exchanges is positively correlated with market prices, as they often represent higher “buying power” for the investors. As such, the continuation of this positive trend could be pivotal to the dream of Bitcoin price surpassing $100,000. While the flagship cryptocurrency has seemingly recovered from its recent slump beneath the $93,000 level, it has not exactly shown strength sufficient to surpass the six-figure milestone. As of this writing, the price of Bitcoin continues to hover around the $96,500 mark, reflecting a more than 2% increase in the last 24 hours. According to data from CoinGecko, the premier cryptocurrency is still in the red on the weekly timeframe, with a 3% decline in the past seven days. BTC Market Becoming Stable And Mature: IntoTheBlock IntoTheBlock also disclosed in its weekly report that Bitcoin’s market climate seems to be maturing, as volatility is currently trending downwards. According to the blockchain platform, the market’s high volatility has been a long-standing criticism point for BTC as a store of value. Related Reading: Ethereum Open Interest Sets New Record, Analyst Says Fireworks ‘Guaranteed’ However, IntoTheBlock noted that investors can expect the Bitcoin price performance to be more stable, as retail and institutional adoption increases and volatility diminishes. Hence, the premier cryptocurrency could become an even more reliable store of value. Featured image from iStock, chart from TradingView
Worldcoin (WLD) has seen a nearly 40% surge in the last week, briefly testing the $3 mark. The cryptocurrency hit a 4-month high after nearing the upper zone of a multi-month range. Its recent performance has fueled investors’ optimism about a possible breakout, which could send the token to new highs. Related Reading: Bitcoin Could Drop Below $90,000 If It Doesn’t Break This Level, Rally On Pause? Worldcoin Hits 4-Month High Worldcoin has seen a considerable decline since hitting its all-time high (ATH) of $11.74, retracing around 75% from its March high. During the Q3 retraces, the cryptocurrency lost the $3 support, diving below the $2 mark after August’s “Black Monday.” Since then, WLD has hovered between the $1.3-$3.2 price range, consolidating below the $2.5 for the past couple of months. Following the November Post-election rally, Worldcoin has surged around 75% in three weeks, reclaiming the $2 zone. Earlier this week, the cryptocurrency’s momentum propelled WLD above the $2.5 resistance level for the first time in three months, turning it into support the following days. Moreover, the token surged 23% intraday, hitting its four-month high on November 28 after momentarily trading above the $3 mark. Crypto analyst Yuriy suggested that a “big move” is coming for the cryptocurrency. The analyst noted that WLD’s open interest (OI) has significantly surged this month, rising 135% since election day. According to Coinglass data, Worldcoin’s OI jumped from $184 million to $433 million in three weeks, recording its second-highest day on Wednesday. Additionally, it has seen a 9.65% in the last 24 hours and a 12% jump in the past hour, signaling heightened confidence and participation in the cryptocurrency. To Yuriy, the cryptocurrency could follow the steps of Cardano (ADA), which recently saw its price hit a 2-year high. Following its OI increase, the token recovered from its 75% decline and broke out of its multi-month consolidation range, reclaiming the long-awaited $1 mark. WLD’s Breakout To Target $3.5 The analyst explained that, after the recent WLD price action, the $2.8 mark is a crucial support level to confirm, as it served as a significant resistance level earlier this month. As a result, consolidating above this level could propel the token’s price to the next target. The token is nearing a breakout from the 4-month range, which could target the $3.5 price range in the short term. Analyst AMBcrypto pointed out that the $3.5 mark is the next major resistance for Worldcoin, indicating that a breakout from this level “will push it towards the previous high” of $11. Related Reading: Latest Memecoin Sensation CHILLGUY Hits $0.65 ATH, What’s Behind The 80% Rally? As of this writing, Worldcoin trades above $2.9, having surged 31% in the last month. Additionally, the token has seen a 42% increase in daily activity, registering a trading volume of $1.67 billion in the past 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano (ADA) has achieved a significant milestone by breaking past the $1 barrier, a level that appeared unattainable for the majority of 2023. Related Reading: Critical XRP Warning: Analyst Flags Biggest Reason To Sell The cryptocurrency’s recent price surge has captivated the attention of both analysts and investors, as it has been unable to overcome this psychological level for years. Although the token has recently experienced some price consolidation, analysts anticipate that this is merely the commencement of a much more substantial rally. Cardano: Consolidation Phase ADA’s momentum weakened after it crossed the $1 threshold, and it has been hovering just below this mark. Cardano has entered a phase of consolidation around the $0.99 to $1.00 range, contrary to the expectations of many investors who anticipated that the rally would persist. While this may appear to be a temporary setback, analyst Dan Gambardello has a different perspective. He perceives this consolidation as a positive indicator of redistribution, a prerequisite for the ADA to continue its upward trajectory. For years through the bear market, many didn’t think $ADA would ever hit $1 again. Many holders have been waiting to sell at $1. Now that we’ve reached $1, it’s great to see a consolidation and redistribution. After this phase is over, Cardano can focus on $5 and $10. — Dan Gambardello (@cryptorecruitr) November 27, 2024 Gambardello anticipates that Cardano may pursue significantly higher price points after this segment concludes, potentially achieving a range of $5 to $10. Increase In Whale Activities The increase in whale activity during Cardano’s latest performance is among the most fascinating features. ADA whales have been rapidly rising their numbers over the last few weeks, particularly following the token’s $1 breakthrough. According to reports, over 130 million ADA tokens are owned by millionaires, and that exceeds over 3.2 billion. Such accumulation is taken as a strong vote for the token, which would keep the price going high. Despite profit-taking, the ADA adoption has kept its positive optimism. Whale Appetite Up As Bitcoin approaches $100,000, there is a transition in focus to other cryptocurrencies, such as Cardano. The market capitalization of ADA has increased by more than 30% in the past week, reaching an impressive $35 billion. Related Reading: Hoskinson’s Bold Bitcoin Forecast: $500K Fueled By DeFi And Global Interest Because of the rise in whale activity and the possibility of a good regulatory environment, investors are very optimistic about Cardano’s future. The level of excitement has also been raised by rumors about Cardano’s founder and possible partnerships with incoming US President Donald Trump. Although these factors are still considered speculative, they contribute to the increasing conviction that Cardano may achieve new price milestones in the near future. Cardano’s most recent performance has demonstrated that it is once again competitive. ADA may soon achieve new heights due to the expanding market sentiment and robust whale support. The $5 to $10 price range may appear to be an ambitious goal; however, it is now feasible with the appropriate catalysts. Featured image from Christopher Swann/Minden Pictures, chart from TradingView
Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distributions to creditors, amounting to $127 million. This follows the company’s prior efforts to distribute approximately $3 billion in crypto and fiat currency, initiated after a successful vote on its reorganization plan earlier this year. The latest distribution is aimed at eligible creditors affected by Celsius’ collapse and subsequent Chapter 11 bankruptcy filing, which temporarily halted withdrawals before the reorganization efforts. Celsius Implements Changes To Second Distribution According to court documents, the funds for this distribution were converted from cash received from Litigation Administrators into Bitcoin (BTC) for eligible creditors with approved claims. This conversion was done to streamline the distribution process and minimize administrative burdens. Related Reading: Analyst Maps Out Dogecoin Price Arc To $3 Using A Logarithmic Scale Each eligible creditor will receive a cumulative distribution representing around 60.4% of their claims’ value as of the petition date. The BTC allocated for this distribution is based on a weighted average price of $95,836.23, reflecting the price at which Celsius purchased the cryptocurrency for this purpose. The distribution process is designed to ensure that creditors receive their allocated amounts in either cash or liquid cryptocurrency. If a creditor was scheduled to receive a distribution via US-based crypto exchange Coinbase but did not receive it by the designated date, the firm will continue to hold the liquid crypto for that creditor and convert it to cash when appropriate. Bankruptcy Challenges Notably, the documents reveal that some creditors received initial distributions based on varying recovery rates—57.87% for some and 57.65% for others. To rectify this discrepancy, those who received a higher initial distribution will see a corresponding reduction in their second distribution. Eligible creditors are encouraged to ensure their distribution information is up-to-date, especially if they need to change their distribution agent. If a creditor experiences issues receiving their funds, they can create a Customer Care Ticket to seek assistance. Related Reading: Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns In addition to this distribution, Celsius asserts it will navigate the complexities of its bankruptcy proceedings, which include ongoing litigation that may affect certain creditors’ eligibility for distributions. At the time of writing, the company’s native token, CEL, is trading at $0.23, recording a slight increase of 1% in the 24-hour time frame. Interestingly, CEL is one of the few cryptocurrencies on the market that has not recorded a significant uptrend over the past three weeks. Year-to-date, the token is still down 2%, but when compared to its current trading level and its record high, it is even more concerning, with a 97% gap to its all-time high of $8 reached in June 2021 before the company’s collapse. Featured image from DALL-E, chart from TradingView.com
Miles Deutscher, a prominent crypto analyst with over 575,000 followers on X (formerly Twitter), has unveiled his top ten artificial intelligence (AI) altcoins poised for significant growth by 2025. Emphasizing the burgeoning potential of the AI sector within the cryptocurrency landscape, Deutscher suggests that this could be “the biggest opportunity of the bull run.” Why AI Offers A Lot Of Potential Deutscher highlights the rapid expansion of the global AI market, noting that it grew by approximately $50 billion between 2023 and 2024. Projections estimate a compound annual growth rate (CAGR) of 28.46%, potentially surpassing $826 billion by 2030. Despite AI’s significant presence in public discourse—accounting for nearly one-third of attention in the crypto space—it currently ranks as the 34th largest crypto sector by market capitalization, trailing behind sectors like liquid staking, memecoins, and decentralized finance (DeFi). “Yet, AI is still only the 34th ranked crypto sector by market cap, behind liquid staking, dog memes, DeFi, and more. I could easily see AI as a top 5-10 sector in a year’s time,” Deutscher stated. He argues that this disparity presents a massive opportunity for investors. “Many mid-low cap AI tokens are still sitting at ridiculously low valuations. All it takes is a strong rotation into AI for many of these to quickly reprice 5-10x higher,” he explained. Deutscher outlines his fundamental thesis for why AI crypto is set for substantial growth. Firstly, he notes that everyone is becoming aware of how impactful AI will be on society. “Either people are scared, excited, or intrigued by the latest developments. This already cements AI in general in the minds of the masses,” he said. Related Reading: Crypto Expert Unveils 15 Surprising Truths About This Bull Run You Need To Know Secondly, he points out that AI is constantly innovating, with new products regularly entering the market. “Every time a new AI product is released, this puts even more focus on the sector. And crypto is an attention economy. More eyeballs equals more speculation,” Deutscher observed. Thirdly, he believes that crypto offers a lower barrier to gain exposure to the growth of AI. “Crypto is easier to access, able to be fractionalized, and generally ‘cheaper’ than investing in, let’s say, AI equities. For retail, this is a massive benefit,” he asserted. Finally, he highlights the recent rise of AI agents, which has made people aware of the power of AI integrated with crypto. “We’re moving into a future where AI agents will trade autonomously on-chain for you, manage your portfolio and risk, DeFi, and more. It’s going to completely change the landscape of crypto,” Deutscher predicted. He also notes that this trend is occurring in traditional tech sectors, with corporations like Adobe and Expedia integrating AI agents into their operations. Focusing on the AI and crypto landscape, Deutscher mentions that he is investing across various verticals, with a particular emphasis on AI agents and AI infrastructure. He is concentrating on “pick-and-shovel infrastructure protocols” rather than individual AI agents or broader DePIN plays. He discloses that he holds positions in all the projects he mentions, some as a strategic advisor and investor. Top 10 AI Altcoins Deutscher’s top ten AI altcoins, ordered from the largest to the smallest market capitalization, are as follows. First on the list is Bittensor (TAO), which he describes as the AI market leader. Bittensor focuses on decentralizing AI research and has already seen significant adoption in scientific communities. “With the recent rollout of EVM compatibility, the network has taken a huge step forward, opening the door for developers to build DeFi ecosystems and unlock new use cases,” Deutscher noted. Second is NEAR Protocol (NEAR), which he identifies as the leading Layer 1 (L1) blockchain intersecting with AI. “For those bullish on both verticals, NEAR serves as a solid proxy. Fun fact: Since its mainnet launch in October 2020, it has maintained 100% uptime,” he remarked. Third is Grass (GRASS), a standout launch this cycle due to its data pipeline that seamlessly connects the real world with AI and crypto. “Recent developments in AI make data one of the most valuable commodities in the world. Grass uses crypto incentives to create a data pipeline that most AI companies otherwise cannot tap into,” he explained. He added that the demand for the Grass network is undeniable and that the protocol’s future looks incredibly promising. Related Reading: 9 Crypto Predictions For 2025: Nansen CEO Forecasts Biggest Bull Run Ever Fourth is Spectral (SPEC), one of the leading AI agent infrastructure plays, allowing anyone to deploy and engage with AI agents. “With Syntax V2, you’ll be able to interact with sentient agents with personalities, which trade on Hyperliquid in accordance with the community’s input. It’s an interesting mix of fun, collaboration, and speculation,” Deutscher commented. Fifth is Mode Network (MODE), which, although known as a Layer 2 (L2) solution, has been building AI technology for over a year. “They are leading the future of DeFi by facilitating the deployment of AI-driven agents, which will autonomously farm yield and optimize your portfolio on your behalf,” he said. Sixth on the list is NeuralAI (NEURAL), connecting AI and gaming—two of crypto’s biggest adoption drivers. “They just announced SentiOS, which supplies autonomous AI to create, populate, and bring virtual worlds and economies to life,” Deutscher mentioned. Seventh is PinLinkAi, where Deutscher is a strategic advisor and investor. PinLink is the first real-world asset-tokenized DePIN platform, empowering the fractional ownership of yield-bearing assets, physical or digital. “They have also recently partnered with Akash, Pendle, FetchAI, OpenSea, Alephium, ParallelAI, and more. Their business development is on another level,” he praised. Eighth is Zero1 Labs (DEAI), another project where he serves as a strategic advisor and investor. Zero1 Labs enables innovators to build decentralized AI applications with fully homomorphic encryption, ensuring secure data governance and complete privacy. “Think of it as a pick-and-shovel AI infrastructure play. With a market cap of around $76 million, this is one of my ‘higher upside’ AI bets,” Deutscher revealed. He noted the debut of Seraphnet, the first of many projects planned through their incubator. Ninth is Empyreal, also a project where he is an advisor and investor. As a believer in AI agents, Deutscher highlights that Empyreal provides AI infrastructure to turn social media messages into on-chain actions like trades and swaps through their Simulacrum platform. “It’s super cool,” he added. Tenth is enqAI (ENQAI), another project where Deutscher is involved as an advisor and investor. EnqAI is a decentralized large language model network solving the bias and censorship issues common to centralized AI. “Despite its $20 million market cap, enqAI already has 20,000 monthly active users across 50-plus countries and has already handled over one million API requests with minimal downtime or lags,” he highlighted. As a bonus, Deutscher mentions Guru Network (GURU), where he is also an advisor and investor. With its Layer 3 mainnet now live, Guru powers AI processors and chatbots with a decentralized exchange, stablecoin support, bridges, and base chain integration. “I’ve been working with Guru to launch a Telegram and Discord mini-app, delivering a full turnkey solution for DeFi on Telegram. It’s going to be very cool!” he exclaimed. Deutscher emphasizes the importance of risk management. He reveals that his personal portfolio balance is approximately 70% large caps and 30% small to mid caps. “I recommend that you do your own research, and if you do decide to take a position in any of these protocols, make sure to manage position sizing and risk in line with your goals and overall strategy,” he advised. At press time, TAO traded at $630.80. Featured image created with DALL.E, chart from TradingView.com
Ethereum (ETH) is once again in the news, but this time it’s good news for buyers. Recent data shows that over 90% of Ethereum users are now making money because the price of the cryptocurrency has risen to impressive levels. According to IntoTheBlock, this upward trend is the best time in five months for people who own ETH to make profits. Related Reading: Elon Musk’s D.O.G.E. Targets The IRS: Taxman In The Crosshairs Of Budget Cuts Inspired by Bitcoin’s comeback above $96,000, the token jumped to $3,680, its biggest level since June. While Bitcoin cleared the path, Ethereum’s momentum is clearly seen since it broke barriers with ease. Though trading 25% below its all-time high (ATH) of $4,890, Ethereum’s fundamentals and market vibe point to a bright future ahead. 90.8% of $ETH holders are now in profit, the highest since June. Interestingly, the 9.2% of holders still at a loss hold just 2.8% of the total supply. This suggests that potential sell pressure from this group may have a limited impact as $ETH continues to trend upward. pic.twitter.com/qG4Xgi0Cq3 — IntoTheBlock (@intotheblock) November 28, 2024 Whale Confidence And Long-Term Holding More positive news comes from closer examination of the investment patterns of Ethereum. Only 9.2% of ETH holders are currently losing money, and they hold only 2.8% of the entire token count. This means that the market is unlikely to be much affected by any selling pressure these investors create. On top of that, Ethereum’s long-term holder base is also strong. The number of ETH holders holding more than one year has risen to approximately 74%, which signifies confidence in the token’s long-term value. Considering that only 23% of ETH were purchased last year and only 3% last month, most of the investors seem to be holding out for the long run. Decreasing Supply, Bullish Momentum Another reason giving a bullish outlook to Ethereum is the declining supply on centralized exchanges. According to analysts, it has continued to decline since last year, reducing ETH on centralized reserves. The more demand there is that outpaces the supply during a bull run, the higher the prices go. Ethereum’s recent surge has also been aided by huge inflows into spot ETFs, which have over $90 million. These institutional investments demonstrate rising trust in Ethereum’s future. Related Reading: Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns Ethereum: Path To ATH Appears Clear ETH is already outperforming the larger crypto market, with a weekly gain of 12%. Its ETH/BTC ratio has risen by 18%, indicating strength relative to Bitcoin. Analysts feel that if Ethereum can retest and surpass the $4,000 resistance, the path to its all-time high would become more convincing. With 5.92% increased values over the previous day, its price has decreased slightly to $3,610, as of writing. From the indications and market’s sentiment, Ethereum has a tendency to rewrite the previous high to further break ground. Featured image from DALL-E, chart from TradingView
The incoming heads of the newly established Department of Government Efficiency (D.O.G.E.) have an ambitious plan of slashing federal agencies’ spending by $2 trillion, locking in its crosshairs several agencies for sweeping budget cuts. Related Reading: Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns One of the D.O.G.E. leaders, Tesla CEO Elon Musk, said that he targets to reduce federal spending on the Internal Revenue Service (IRS). Targeting The IRS The dynamic duo of Musk and Vivek Ramaswamy vowed to orchestrate a spending cut on federal agencies, aiming to reduce the federal budget by $2 trillion. The D.O.G.E. leaders said that they will pursue budget cuts on federal agencies which they consider as bloated or outdated. Musk said that one of these government agencies is the IRS, saying, “The IRS is a mess.” The Tesla CEO pointed out that the IRS has been plagued with inefficiency and scandals for years while suggesting a free tax filing app and the conduct of an audit. He also wanted to lay off a huge number of employees, reducing what he believed was “administrative overgrowth.” In a poll on X, Musk asked the netizens what the budget of the IRS should be. The federal agency is requesting an additional $20 billion in funds. The IRS just said it wants $20B more money. Do you think it’s budget should be: — Elon Musk (@elonmusk) November 27, 2024 “The IRS just said it wants $20B more money. Do you think its budget should be: Increased, Same, Decreased, Deleted,” he said. The poll results showed that 60.6% of the respondents wanted to delete the IRS budget while 29.9% voted to decrease the budget. Meanwhile, 5.6% said they are in favor of increasing the budget while 3.9% agreed that it should remain the same. Other Agencies In The Crosshair Musk and Vivek are eyeing to scrutinize the budget of multiple federal agencies to cut government spending. The duo also targets another watchdog agency for financial practices, the Consumer Financial Protection Bureau (CFPB). Musk recommended deleting the CFPB, raising concerns about the future of the agency. For Vivek, he wanted “mass reductions” in the Department of Education. President-elect Donald Trump has been calling for the dismantling of the department for many years now and it seems that it will happen in his return to the White House. Vivek Eyes Budget Cut On Defense Vivek also slammed the enormous budget of the Department of Defense, saying that the Pentagon wastes around $125 billion annually on bureaucracy. However, the $3.6 billion defense contract of the Musk-owned SpaceX seems to be exempted from the budget-slashing program of D.O.G.E. Several critics have argued that D.O.G.E.’s functions overlap with other existing agencies, claiming that the government efficiency department might only be a redundancy. Related Reading: Crypto Bloodbath: Over $500 Million Liquidated As Bitcoin Slides To $92K – Report The Role Of D.O.G.E. D.O.G.E. is meant to make government work easier. The name is a reference to Dogecoin, which shows how important Musk is in Trump’s government. Musk’s role in this department has caused people to wonder how it might affect Dogecoin’s value and reputation in the market. After Trump won the election, Dogecoin’s value went up a lot. This was because Musk is working with the new government and has a history of promoting the cryptocurrency. Reports say that talking about D.O.G.E. at campaign meetings has caused Dogecoin prices to rise. This shows that there is a direct link between political events and how the meme coin market reacts to them. Featured image from Dimitrios Kambouris/Getty Images for The Met Museum, chart from TradingView
The price of Bitcoin is back and trading above $95,000 after surging 2.70% from the previous day’s close. The asset’s recovery is a welcome development for holders and investors, who have witnessed a two-day decline, dipping to $90k on November 27th. Related Reading: Critical XRP Warning: Analyst Flags Biggest Reason To Sell Bitcoin’s price surge happened after the market witnessed Tornado Cash’s major court victory. A US Appeals Court reversed a 2022 decision, saying that the Treasury Department acted beyond its authority when it imposed sanctions on the crypto mixing platform. Coinbase joined in the celebration over the court victory since it’s one of the crypto exchanges that supported Tornado Cash. With the recent Tornado Cash court win and favorable macroeconomics, one analyst boldly offers a price prediction for Bitcoin. In a Twitter/X post on the Angry Crypto Show, Cardano’s Charles Hoskinson believes that the world’s top digital asset can hit $250,000 to $500,000 in 12 to 24 months. BREAKING: #Cardano $ADA Founder Charles Hoskinson says “it is my belief that #Bitcoin will go to $250,000 to $500,000 within 12 to 24 months, because of inflows and interest. $BTC is the store of value for the Internet, and will remain in that role now that it has a DeFi layer.” pic.twitter.com/1txPQV61Nl — Angry Crypto Show (@angrycryptoshow) November 26, 2024 Tornado Cash Court Victory Boosts Bitcoin Price In a post by Paul Grewal at Twitter/X, Tornado Cash’s court victory was a “win for privacy.” Grewal reported that the Treasury Department’s sanctions on the crypto mixing platform were unlawful. He added that the recent court decision was a victory for the crypto sector and those supporting freedom. Privacy wins. Today the Fifth Circuit held that @USTreasury’s sanctions against Tornado Cash smart contracts are unlawful. This is a historic win for crypto and all who cares about defending liberty. @coinbase is proud to have helped lead this important challenge. 1/6 — paulgrewal.eth (@iampaulgrewal) November 26, 2024 Tornado Cash’s victory is the latest in a string of wins for the crypto industry, which has helped push Bitcoin’s price up. The crypto sector is also anticipating the next moves of incoming US President Donald Trump, who is expected to adopt crypto-friendly policies. Hoskinson Remains Bullish On BTC For some analysts and observers, Bitcoin’s recent losses were just a retracement, and the bullish sentiment remains. For Cardano’s Charles Hoskinson, Bitcoin remains on the bullish trend, and he thinks that the asset’s price can increase to $250k and $500k in 12 to 24 months. According to Hoskinson, a few factors help boost Bitcoin’s price stability. He mentioned that there is still a growing interest in Bitcoin as an asset. For example, MicroStrategy has been increasing its Bitcoin holdings. Michael Saylor’s company currently holds $32 billion worth of BTC, and its market cap now exceeds $70 billion. Other countries are also interested in Bitcoin, with El Salvador being the top country outside the US in harnessing the asset. Related Reading: Shiba Inu Eyes Explosive Growth: Over 200% Surge Ahead, Analyst Says Continuous Inflow And Interest Help Bitcoin According to Hoskinson, Bitcoin remains bullish for him because of soaring interest and inflows. The Cardano founder says that Bitcoin remains a viable store of value, and it will continue this service now that DeFi is becoming more popular. Recently, Cardano’s Emurgo shared that it’s developing a bridge in collaboration with BTCOS. According to Hoskinson, this new network will feature DeFi apps secured by Bitcoin. He added that developers can design Hybrid Cardano and Bitcoin apps in Aiken and pay fees in BTC. Featured image from DALL-E, chart from TradingView
Experts are thrilled about the chances that XRP, the cryptocurrency linked to Ripple, will hit new heights. Recent trends show that it could reach $20 if it can regain its 2017 high against Bitcoin. This hopeful prediction is based on the fact that the altcoin has shown strong signs of recovery, having come back from a low point of $1.28 earlier this week. Related Reading: Shiba Inu Eyes Explosive Growth: Over 200% Surge Ahead, Analyst Says XRP’s Most Recent Performance XRP swiftly recovered from that low point, surpassing critical psychological levels at $1.3 and $1.4, and is currently pursuing a stable position above $1.5. The current market rally has led analysts to believe that the crypto asset may outperform Bitcoin due to its upward momentum. Crypto analyst CryptoBull has been particularly vocal about this potential, stating that if XRP can reclaim its 2017 peak against Bitcoin, the price could skyrocket to $20. Analyzing the #XRP price in Dollars vs Bitcoin shows us how early we are in this bullrun. We are still 1,500% behind in Bitcoin value compared to early 2017. If we meet the same Bitcoin value $XRP price will be around $20. pic.twitter.com/ofxd6Izv5g — CryptoBull (@CryptoBull2020) November 26, 2024 XRP has faced great difficulties in its competitiveness with Bitcoin since its all-time top of $3.31 in January 2018. The value of the cryptocurrency in respect to BTC has been dropping over recent months. Still, new data shows XRP has surged by an amazing 111% against Bitcoin this month, implying a possible breakout is about ready. Resistance Levels Broken In order for XRP to maintain its upward trajectory, it must overcome substantial resistance levels. In an effort to conclude the month above the descending trendline that has plagued XRP since July of last year, analysts are closely monitoring the price action. If successful, this could presage additional gains and corroborate a bullish breakout. The current trading value of the altcoin against Bitcoin stands at about 0.00001544 BTC and still remains much lower than it reached at its historical high. CryptoBull still sees hope, though, and believes a similar rally to that of the early 2017 market might send XRP right back into double digits. XRP: Predictions And Market Sentiment The broader cryptocurrency industry is also seeing a comeback while Bitcoin tries to break past the $95,000 level. Analysts believe that if XRP can turn the important $2 resistance level into support, then a fast climb towards $20 might be started. Related Reading: Critical XRP Warning: Analyst Flags Biggest Reason To Sell Apart from these technical factors, regulatory optimism also plays a role in how the market shapes its sentiment. The upcoming resignation of the SEC Chair, Gary Gensler, can lead to better regulatory conditions for cryptocurrencies like XRP, which further boosts the euphoria surrounding Ripple’s prospect. XRP is currently trading at approximately $1.47, which represents a 7% increase in the past 24 hours. Many investors are closely monitoring the altcoin as it navigates this critical phase of its market voyage, as analysts anticipate that bullish momentum will persist. Featured image from DALL-E, chart from TradingView
In a thread on X, crypto researcher Alex Wacy (@wacy_time1) shared 15 eye-opening insights about the current bull cycle with his 183,000 followers. Wacy’s analysis covers a range of topics from Bitcoin dynamics to emerging technologies like AI and DePIN (Decentralized Physical Infrastructure Networks). Here’s a detailed look at his revelations. #1 Bitcoin Season Is Memecoin Season “When Bitcoin rises, people often buy memecoins en masse, which positively affects their prices,” Wacy observed. In contrast to the previous bull run, capital flows directly in the most high-risk sector of crypto. The surge in Bitcoin’s price tends to trigger a ripple effect in the memecoin market, leading to significant price appreciations for these tokens, leaving out more fundamentally strong altcoins. #2 Long-Term Bitcoin Holders Are Selling Aggressively Wacy highlighted a notable sell-off among long-term Bitcoin holders. “They have already sold nearly 730,000 BTC over the month,” he noted. Interestingly, US spot ETFs are absorbing about 90% of this selling pressure, playing a crucial role in stabilizing the market. #3 Solana Above $500 May Be A Reality “Even when the memecoin era comes to an end, AI and DePIN projects’ developers continue to opt for Solana,” Wacy pointed out. With the massive attention on memecoins, AI, and DePIN narratives, Solana is still the leading ecosystem which will eventually push SOL’s price above $500. Related Reading: 9 Crypto Predictions For 2025: Nansen CEO Forecasts Biggest Bull Run Ever #4 Blockchain-Based AI Agents Are Still Undervalued “AI agents are already making their mark in the real world. However, AI built on blockchain offers greater decentralization and privacy,” Wacy stated. He suggests that blockchain-based AI projects have untapped potential and are currently undervalued in the market. #5 Ethereum Is Set to Rise Ethereum’s open interest has surpassed its previous all-time high, exceeding $13 billion—a growth of over 40% in the last four months. This surge indicates increased investor interest and could signal a significant upward movement in Ethereum’s price. “Ethereum is set to rise,” Wacy predicts. #6 Most Ethereum Layer 2s Will Fail Wacy expresses skepticism about the proliferation of Ethereum Layer 2 solutions. “The most promising L2s at the moment are Base and Mantle,” he commented. He warned that unless the Ethereum Foundation develops “a concept of L2 hubs,” 90% of L2 chains might not survive the next bear cycle. #7 Trendy Technologies Will Succeed “AI, DePIN, and RWA are the future. At least that’s how retail sees it, so keep an eye on these trends,” Wacy advised. According to him, investor’s core capital should only be invested in these three most powerful narratives in the ongoing bull run. Related Reading: From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs #8 Non-Key Narratives Are Great For Speculation Wacy highlights the speculative potential in less mainstream sectors like Decentralized Science (DeSci). “While it may be less popular, it has been and will continue to be well-pumped,” he remarked, indicating opportunities for more high-risk averse investors. #9 Quantum Crypto Is Gaining Attention “Quantum stocks have surged over 1000% in just one month,” Wacy noted. He suggests that investors should monitor quantum-related crypto projects, as this sector may experience significant growth in the upcoming months. #10 Exercise Caution With Market Sentiment “Take what people say here with a grain of salt. They’re often too bearish during dumps and too bullish during pumps,” Wacy warned. He recommends critical analysis of market sentiment indicators, which can be misleading during extreme market conditions. #11 Timing Is Crucial For Offloading Altcoins “When you consider offloading your altcoins and everyone labels you an absolute idiot, that’s your cue for the best moment to cash out,” Wacy suggested. Contrarian strategies might offer optimal exit points for altcoin investors. #12 Valuing Insights From Crypto Analyst Cobie “I think Cobie knows something a little more about this market than we do,” Wacy said, referring to well-known crypto analyst Cobie (@cobie). He advises listening to Cobie’s who famously stated earlier in this crypto bull run that investors should focus 70% of their capital in cat themed memecoins, 20% in other animal memecoins and only 10% in all other coins for maximum profit. #13 Traditional Market Rules Still Apply “Even though this cycle differs greatly from previous ones, altcoin growth remains heavily reliant on Bitcoin dominance,” Wacy observed. Despite new market dynamics, Bitcoin continues to be the most important influence over the broader crypto market. #14 Market Cycles Remain Unchanged “The market is a cycle. Today it’s memes, tomorrow it’s technology, and the day after, regulations. Cycles have never been canceled. Remember that,” Wacy emphasized. Understanding the cyclical nature of markets can help investors navigate volatility. #15 Strategic Investment Considerations “Some people might benefit more from seeking dips in alpha plays, rather than attempting to catch another risky beta play. Reflect on it,” Wacy concluded. He encourages investors to focus on high-quality investments with strong fundamentals instead of chasing high-risk opportunities. At press time, Bitcoin traded at $94,875. Featured image created with DALL.E, chart from TradingView.com
A new Solana-based memecoin has stolen the crypto market’s spotlight after surging over 80% in seven days to a market capitalization above the $600 million mark. After its remarkable performance, the latest internet sensation continues to grow in popularity, recently scoring two major exchange listings. Related Reading: Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge Just A Chill Rise To $0.65 This cycle’s memecoin mania has seen the rise and fall of many tokens in the last few months, including the Celebrity token frenzy and the recent Pump.fun Livestream saga, sparking a discussion on whether they benefit the market. Despite the criticism, new tokens continue to rise, with some leaping into massive highs in a matter of days. The latest memecoin sensation, just a chill guy (CHILLGUY), has ignited a craze that sent the token to a massive 80% weekly rally. The cryptocurrency is based on a viral TikTok meme of a smirking dog in a laid-back pose dressed in casual clothing. The original drawing was created by Philip Banks in 2023 and has been slowly gaining popularity on social media platforms. The meme also became viral on X and Instagram, with several reimaginations of the ‘Chill Guy’ flooding people’s timelines. Amid the meme’s popularity boost, crypto investors created a token inspired by the internet sensation. On November 20, the meme’s momentum fueled the token’s 400% rally to $0.44 in 24 hours. However, its price momentarily dropped over 30% after Banks announced he would take legal action against the token for copyright infringement. Since then, the memecoin has surged around 50% to its all-time high (ATH), recording two new highs during the last day. The token hit the $0.56 mark on Tuesday afternoon before surging another 20% to its latest ATH of $0.65 on Wednesday morning. The cryptocurrency hit a market capitalization of $657 million before retracing below $600 million, sitting as the eighth-largest Solana-based memecoin. Memecoin Sensation Scores Major Listings The token’s frenzy has been fueled by the meme’s current popularity and its endorsement by public figures. A week ago, El Salvador’s pro-Bitcoin President, Nayib Bukele, shared the just a chill guy meme as BTC traded above $94,000 for the first time in history. Moreover, Popular YouTuber Mr. Beast called the internet sensation the “biggest meme of our lifetime” after streamer Ninja shared his version of the meme on Tuesday. Adding to the momentum, major crypto exchanges have announced their listing of the latest memecoin sensation. On November 26, Bybit listed CHILLGUY on their Spot trading platform, while Binance announced it would add perpetual contracts with up to 75x leverage to Binance Futures on November 27. Amid the CHILLGUY frenzy, an investor made over $6 million from the token. As on-chain data analytics firm Lookonchain reported, a crypto trader spent 0.75 SOL, worth $160, to buy 12.5 million CHILLGUY tokens. Related Reading: Altcoins ‘Starting To Run’ After Reclaiming This Key Level, Altseason Around The Corner? Twelve days later, the trader now holds 9.2 million tokens, making a total profit of $6.1 million at the time of Lookonchain’s report. Some community members noted that if the cryptocurrency continues its rapid growth, it could flip other memecoin sensations like dogwifhat (WIF) and Popcat (POPCAT) within a week. However, it remains to be seen whether the token can sustain its current momentum or become a one-hit crypto wonder. As of this writing, CHILLGUY trades at $0.59, a 23.3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Amid a significant uptrend in crypto prices, altcoins are beginning to outperform Bitcoin (BTC), marking a notable shift since the historic highs of 2021. This surge coincides with Bitcoin nearing an all-time high of $100,000, fueled by the presidential election victory of Donald Trump, who positions himself as a pro-crypto leader. However, Bloomberg reports that the uncertainty stemming from the 2021 crypto collapse remains palpable among investors, as many altcoins experienced dramatic price fluctuations during past market cycles. Expert Voices Skepticism On Altcoins Rally Altcoins have shown impressive gains, with tokens like Solana (SOL) reaching new all-time highs, while many others have more than doubled in price since the beginning of the year. Historically, altcoins tend to outperform Bitcoin during market rallies but can also experience sharper declines during downturns due to their higher volatility and lower trading volumes. Related Reading: $15 Trillion Market Cap For Bitcoin? Crypto Firm CEO Predicts Explosive Growth The crypto market has been cautious since major players like FTX and crypto lender Celsius collapsed, which contributed to a significant bear market. Despite this, recent activity indicates a resurgence, with increased trading volumes and price rises among altcoins throughout November. Interestingly, James Butterfill, head of research at CoinShares, expressed skepticism about a massive altcoin rally, particularly in light of potential regulatory changes, including a proposed national Bitcoin reserve. Republican Senator Cynthia Lummis has introduced the Bitcoin Act, which seeks to allocate funds from the Federal Reserve’s gold reserves to acquire a strategic stockpile of 1 million Bitcoin. Butterfill told Bloomberg that the political implications of such legislation could significantly affect market dynamics, potentially increasing Bitcoin’s dominance over its peers. ETF Approval Hopes Could Boost Crypto Interest Under Trump While Solana stands out as the only major altcoin to surpass its previous highs this year, experts like Nikolay Karpenko from crypto trading firm B2C2 believe this rally could differ from the 2021 experience. The expert highlighted the industry’s maturity over the past few years, which has seen improvements in risk management and the entry of “more strategic” and institutional investors into the crypto space. As altcoins continue to gain traction, data shows that trading volume has become increasingly concentrated among the five most traded altcoins, rising from less than 50% earlier this year to over 60% this month. This shift can be attributed to unique factors affecting individual cryptocurrencies, such as Solana’s rise fueled by excitement over potential exchange-traded fund (ETF) approvals and Dogecoin’s gains related to its payment capabilities and support from figures like Elon Musk and his new position at the Department of Government Efficiency (DOGE). Related Reading: XRP Consolidates Below Crucial Resistance – Analyst Sets $1.60 Target The expert noted that the possibility of more altcoins receiving approval for ETFs under Trump’s administration could further enhance institutional interest. However, Butterfill cautioned that the market may begin to differentiate between assets, focusing more on fundamentals rather than riding the wave of speculative trading. Despite the bullish sentiment surrounding altcoins, they still trade at significantly lower prices than Bitcoin, with Ethereum (ETH), the second-largest cryptocurrency, priced at only about 4% of Bitcoin’s value. After hitting a new record high of $263 during last week’s rally, Solana has since fallen back to the $240 level, echoing the current correction Bitcoin is experiencing after hitting its new all-time high of $99,500. At the time of writing, SOL is up nearly 6% in the 24-hour time frame, while BTC is up 4% in the same period. Cover image from Dall-E, chart from Tradingview
In a thread on X, Alex Svanevik, CEO of leading on-chain analytics platform Nansen, unveiled nine bold predictions for the crypto industry in 2025. Svanevik forecasts that the upcoming year will herald “the mother of all bull markets,” propelled by technological advancements, regulatory shifts, and widespread adoption across various sectors. #1 Crypto Memecoins Will Set New On-Chain Records Svanevik predicts that memecoins—cryptocurrencies inspired by internet memes—will continue to attract retail investors to the crypto space. He anticipates these tokens will significantly boost on-chain metrics, leading to unprecedented records in decentralized exchange (DEX) volumes across multiple blockchain networks. Related Reading: From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs “Memecoins continue to onboard retail to crypto—and smash onchain metrics. We’ll see new records in DEX volume for lots of chains,” Svanevik stated. “Better infrastructure, easier user experience, lower transaction fees—all these make the journey on-chain better for newcomers.” #2 A DeFi Renaissance Svanevik foresees a resurgence in decentralized finance (DeFi), driven by clearer regulations and the activation of revenue models within DeFi protocols. With the upcoming departure of the US Securities and Exchange Commission (SEC) Chairman Gary Gensler on January 20, Svanevik predicts that regulatory hurdles will be reduced and institutional capital will flow more freely into DeFi platforms. “DeFi renaissance. Gary’s gone. Revenue switch = on,” he notes. “We actually have useful DeFi protocols now that tons of capital can flow into. Perhaps valueless governance tokens will accrue value.” #3 Spot Solana ETF Launch Svanevik anticipates the introduction of a spot Solana (SOL) exchange-traded fund (ETF), asserting that it will outperform the launch metrics of the Ethereum ETF. “SOL ETF. And it does better than the ETH ETF did at launch.” As NewsBTC reported, discussions between SEC staff and issuers for a spot Solana ETF are “progressing,” with S-1 registration statements currently under review. Exchanges may soon file Form 19b-4 applications, initiating the official regulatory approval process. Asset management firms such as VanEck, 21Shares, Canary, and Bitwise are actively competing to launch the first SOL ETF in the United States, aiming for a debut in 2025. #4 Resurgence Of Permissioned Blockchains Svanevik predicts a comeback for permissioned blockchains, expecting them to gain significant traction this time. “Permissioned chains make a comeback, and this time gain much more traction. Watch Haven1 here. Tokenization will be a big theme for permissioned chains.” #5 Flourishing Bitcoin Ecosystem Svanevik expects the Bitcoin ecosystem to thrive both in traditional finance (TradFi) and through on-chain developments. “Bitcoin ecosystem continues to flourish—both in TradFi and on-chain (via projects like Bitlayer).” Related Reading: Inside Trump’s Crypto Holdings: $6.9M Portfolio, With One Altcoin Ready For A Major Rally #6 DeSci Will Become A New Strong Narrative Decentralized Science (DeSci) initiatives are predicted to fund groundbreaking scientific endeavors, particularly in longevity research and other frontier fields. “DeSci funds (crazy) science. Lots of crypto leaders are interested in longevity specifically and science more generally. This means more access to capital for frontier science—and probably more headlines,” Svanevik writes. #7 Crypto Accelerates AI Development Svanevik envisions cryptocurrencies playing a dual role in accelerating artificial intelligence (AI) projects and offering solutions to mitigate associated risks. “Crypto accelerates AI, but also protects us from AI. Wacky experiments with agents continue. Cryptodollars pour into AI projects.” He also highlights the emergence of cryptographic proof-of-human projects to combat bots and fake content: “More cryptographic proof-of-human projects come to market to combat bots and fake content.” #8 Enactment Of FIT21 Law Svanevik anticipates significant legislative developments with the enactment of the FIT21 law, potentially catalyzing a new era of innovation and growth in the United States. “FIT21 becomes law. The era of the American Renaissance begins.” #9 Exponential Growth For RWAs Svanevik predicts substantial growth in the market capitalization of tokenized real-world assets, estimating at least a threefold increase. “We’ll see a 3X in market cap of RWAs—on the low end. Probably a lot more. People will finally realize the full potential of crypto: Every asset will be tokenized.” At press time, Bitcoin traded at $94,239. Featured image created with DALL.E, chart from TradingView.com
A prominent figure in the cryptocurrency space made a bold prediction that Bitcoin could hit a total market capitalization of $15 trillion in the next four years. Pantera Capital CEO Dan Morehead said that global blockchain adoption still lags compared to other global financial assets, saying that blockchain’s untapped potential could drive Bitcoin to an exponential growth in its market capitalization. Related Reading: Shiba Inu Eyes Explosive Growth: Over 200% Surge Ahead, Analyst Says Bitcoin And The $740,000 Target The Pantera executive believes that Bitcoin price could soar to $740,000 per coin, something the CEO said would happen in the next four years. Morehead said that the price surge will be fueled by the growing technology adoption in the financial sector, adding that “blockchain remains largely untapped.” If Bitcoin reaches the $740,000 mark, Morehead predicted that the firstborn cryptocurrency’s total market capitalization could reach a whopping $15 trillion. Pantera Capital CEO predicts Bitcoin at $740K Dan Morehead, CEO of Pantera Capital, highlighted in a letter to investors that the firm’s Bitcoin fund, launched in 2013, has delivered a 132,118% lifetime return, Bloomberg reported. Morehead predicts Bitcoin could eventually reach… — CoinNess Global (@CoinnessGL) November 26, 2024 Some might think that $15 trillion is an exaggerated figure but it is not, according to the crypto executive. Morehead explained that a $15-trillion market capitalization for BTC is still modest, pointing out that global financial assets have a market capitalization of $500 trillion. Financial Wealth Needs Tech Morehead did not pluck his forecast out of thin air, saying that is based on the fact that financial wealth needs technology. The crypto executive pointed out that around 95% of financial wealth is not yet engaging in technology. Many analysts see blockchain technology revolutionizing the financial sector. Morehead said that the financial wealth industry is at the early stages of a “massive transformation.” “95% of financial wealth has not addressed blockchain. They are just beginning this massive transformation now. When they do, Bitcoin might be at something like $740,000/BTC,” he noted. Morehead said Bitcoin could reach a $15 trillion market cap as early as April 2028. However, he cautioned that hitting this market cap level might take a few years more than April 2028, citing the price trend’s unpredictability as the main driver of Bitcoin’s valuation trajectory. As of writing, Bitcoin is being traded at $93,785 per coin with a total market capitalization of $1.8 trillion. Bitcoin: Historical Growth Morehead said that historically, there are three orders of magnitude in BTC’s price surge, pointing out that another price growth is possible. He noted that Bitcoin and other cryptocurrencies are compelling investments because digital assets have high potential returns relative to their risk profile. “The expected value of the trade is the most compelling I have seen in almost 40 years of doing this,” he added. Related Reading: Crypto Bloodbath: Over $500 Million Liquidated As BTC Slides To $92K – Report Current Market Condition In the past few days, analysts noted that Bitcoin price decreased by 1.23% to $91,000 while its trading volume increased by 12% to $91 billion. On the other hand, BTC’s total market capitalization slightly went down to $1.8 trillion. Further, the market liquidations of Bitcoin and small market cap coins were pegged at $112 million and $81 million, respectively. Featured image from DALL-E, chart from TradingView
Shiba Inu (SHIB) is garnering attention for its robust performance and potential for future expansion as 2024 draws to a close. SHIB has managed to captivate the interest of both investors and crypto enthusiasts, as it is currently dealing at $0.00002566. The technical signals of the memecoin show notable preparation for a big rally, which has generated expectation for notable increases in the next weeks. Related Reading: Crypto Bloodbath: Over $500 Million Liquidated As Bitcoin Slides To $92K – Report Positive indicators Surface For Shiba Inu With reference to Shiba Inu on X, crypto expert Javon Marks expressed hope, noting that the value of SHIB might skyrocket. From what he saw, SHIB has already grown by 162% in the past few months, and this growth is likely to continue. One of the main things that supports this statement is the Hidden Bullish Divergence, a technical pattern that shows that price movement is about to happen. $SHIB (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence! This divergence can suggest an over 75% move above the 2024 Highs but that… https://t.co/pKDT2dWaUn pic.twitter.com/0L7gwCcSAf — JAVON⚡️MARKS (@JavonTM1) November 26, 2024 The trend basically shows that while the price of SHIB has been producing lower lows, the Relative Strength Index (RSI) has been making higher lows even during a consolidation phase. This points to a mounting optimistic pressure. Price Fluctuations And Short-Term Growth In the near term, SHIB has experienced significant price swings. In the last week, its price has gone up by 3.35%, and in the last month, it rose to around 54%. These increases show that the “joke coin” is picking up a lot of steam. However, the trip is not completely uneventful. Despite the favorable short-term development, the price of SHIB has dropped by 4.08% over the last six months, suggesting considerable volatility. Analysts warn that short-term profit-taking after recent advances could obstruct the memecoin’s price movement as it evolves. However, SHIB has a great possibility to grow further with the strong support of its growing ecosystem projects and community. Related Reading: Ethereum Momentum Builds: 10% Surge Sparks ATH Hopes Important Price Levels To Monitor Key price levels have a big effect on future movements for people who are keeping SHIB or thinking about getting in. Expert research says that the level of $0.000081 is the first important resistance point. If this level is broken, the price could go up by 215%. Also, SHIB is trading 3.20% below what it is expected to be worth in a month, which suggests that prices could go up in the short run. The next goal could be $0.00000900 if SHIB breaks through support at $0.00000850. The coin is expected to experience a 102% increase in the next six months for long-term investors, followed by a 92% increase in the following year, data from CoinCheckup shows. Technical clues indicate a possible breakout and robust long-term forecasts, thus Shiba Inu might be ready for a new phase of development. Investors should keep a close eye on current levels since the memecoin offers significant prospects in not too distant future. Featured image from Pixabay, chart from TradingView
As Bitcoin continues to move above the $90,000 mark, Altcoins began to reach new highs. The sector has recently reclaimed a key two-year level that could set the stage for a retest of 2021’s highs. Some analysts consider that Altcoins’ recent performance could kickstart the long-awaited Altseason. Related Reading: How High Can XRP Price Realistically Go After Gensler’s Resignation? Altcoins Market Cap Reclaims 2022 Levels The total crypto market has seen a remarkable performance for the past 21 days, jumping to a market capitalization of $3.36 trillion. This surge, fueled by the US elections on November 5, has led Bitcoin’s price to a 40% increase to its latest all-time high (ATH) of $99,645. Similarly, Altcoins have started to record their best performance in years, with tokens like Cardano (ADA) and XRP (XRP) surpassing the long-awaited $1 mark. Meanwhile, cryptocurrencies like Solana (SOL) and SUI (SUI) hit new ATHs recently, igniting investors’ bullishness for the cycle’s second leg up. The community has also expressed optimism for the ‘King of Altcoins’ recent performance after Ethereum (ETH) recovered the key $3,300 support zone last week. The crypto market’s performance has led the Altcoins’ market capitalization to hit a two-year high and reclaim key levels. Notably, the total cryptocurrency market cap, excluding Bitcoin and Ethereum, surpassed the Q1 2024 high of $788 billion as BTC soared past the $90,000 resistance. The momentum led the Altcoins market cap to break above the $840 billion mark last week, a level not seen since April 2022. Since then, Alts have held above this range despite the market retraces, turning this horizontal level into support. Additionally, it neared May 2021’s high of $984 billion, a crucial resistance level ahead of the Altcoins market cap ATH of $1.13 trillion. Altseason To Start Soon? According to Bitfinex’s Alpha report, this marks Altcoins’ “largest through-to-peak move” since April 2021. The 23.2% increase hints at an increasing investor appetite, leaving behind the previous “start of the bear market” levels. This movement “indicates a rotation of speculative capital and interest from Bitcoin into Altcoins as retail market participation increases,” the Bitfinex analysts explained, which tends to mark “the onset of the final stage of the bull market where altcoins begin to outperform Bitcoin on an aggregate basis.” Crypto analyst MikyBull pointed out that Alts dominance “just climbed above the trend ribbon” on Tuesday. The analyst’s chart, which excludes the top 10 cryptocurrencies by market cap, displayed Altcoin’s dominance at 10.37%, breaking above the multi-month downtrend line. Per the post, this has indicated before that “Alts are about to outperform in the next coming weeks.” Similarly, he highlighted a breakout from a multi-year cup and handle pattern in the Altcoins’ chart. To him, the Alts have started running after breaking out from the pattern’s neckline, and investors will see the “full potential of the Altseason” from December to March 2025. Related Reading: Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge Meanwhile, Bitfinex forecasted that “lower timeframe upside seems to be limited for altcoins” due to its resistance at May 2021 levels. Nonetheless, the report noted that breaking above the $984 billion resistance would signal a continuation of altcoins ascend. Ultimately, Bitfinex’s analysts consider that a larger Bitcoin correction could have a “magnified” effect on altcoins, and they expect, “at minimum, a period of ranging after a week full of consistently high liquidation numbers for both longs as well as shorts for altcoins.” Featured Image from Unsplash.com, Chart from TradingView.com
If you’re trying to navigate the ever-changing world of cryptocurrency, you’ll need a PR agency. In the best of times, you need a media partner to get your business’s name out there and keep it in the minds of customers. In the worst of times, you’ll need an agency that knows the market and can help you come out unscathed. The crypto agency space is perhaps as oversaturated as the crypto space itself and this presents a unique challenge; how do you tell the best PR agencies? Not to worry because, in this list, we’ve outlined the top 5 crypto OR agencies to consider. 1. Proleo.io As one of the most respected crypto PR agencies in the business, Proleo.io has racked up almost as many awards as it has clients. Some of its accolades are from Influencer Marketing Hub, Designrush, Clutch, and others. A quick look at its website shows why it is so well-regarded. The agency has completed over 241 projects and has been operating for years. Among the services it offers are PR strategy, content creation, and targeted engagement. Some of the clients in its impressive roster include OKX and Telus, though the agency prides itself on servicing all areas of the blockchain space. For achieving a balance between professionalism and a personal touch, it is one to watch. 2. Blockman.pro Blockman.pro immediately stands out from the crowd thanks to its network of media partners, which clocks in at over 200. On top of this, the agency handles PR distribution in several different ways. Those who want traditional distribution can easily tap into this network and have their needs met. Those on a tight schedule can take advantage of flash news distribution that gets them seen quickly and effectively. There is also more organic reach that carefully crafts a public image for the brand. And believe us, many brands have turned to the agency for help, including Hedera and Bitget. 3. Crypto Virally True to its name, Crypto Virally specializes in helping businesses hack into digital relevance and they do this through a combination of mainstream and crypto-specific publications. A quick look at its packages will see platforms like Yahoo! And Reuters alongside top crypto sites like MarketWatch and Benginza. With packages as affordable as $500 and as high as $20,000, all ambition levels are being catered to. Crypto Virally also boasts publication partners like UToday and NewsBTC. While all businesses have their unique approaches to garnering attention, Crypto Virally has made a name for itself in hard-hitting and aggressive market penetration, which will come in handy for newer enterprises. 4. Reblonde Reblonde is one of the most respected PR services in the industry and cuts across crypto, web3, NFTs, and much more. With over a decade under its belt, the agency offers guidance on every level of the crypto PR distribution process. They help to develop the strategy to be used by the business, crafting a voice that is unique and speaks to their audience. Then, the agency helps with the creation of the press release itself and makes sure that the message isn’t lost in translation. Finally, the agency leverages its extensive network of publications to make sure it is well-placed. Blonde might be pricier than others on the list but they work only with the best of the best. 5. FinPR For a lot of businesses, crypto PRs aren’t being released just for themselves but in a bid to court mainstream attention. It is good for them that FinPR offers both PR distribution as well as editorial services. The latter works to get the attention of crypto and mainstream news sites and this baked into the former. FinPR boasts of being able to get customers featured on sites like Cointelegraph, Bitcoinist, NewsBTC, CoinDesk, Decrypt. This, along with the copywriting services they offer, means that businesses looking to develop long-term brand awareness will benefit from FinPR’s strategy. And whatever industry they operate in, from crypto to NFTs to SaaS, they have something for you. Conclusion These agencies are some of the best that the crypto space has to offer. From traditional PR distribution to influencer marketing and everything in between, any business wanting to be seen should definitely consider them. Their services will benefit businesses in the NFT space, the crypto industry, and all things blockchain. With years of experience and award-winning campaigns under their belt, they stand out from the crowd.
The resignation of Gary Gensler as the Chair of the US Securities and Exchange Commission (SEC), effective January 20th -the same day President-elect Donald Trump is set to be inaugurated – is set to be a monumental day for the XRP community. In his latest video, crypto analyst Rodney (@cryptojourneyrs) shared an analysis of the price potential in the post-Gensler era. At the time of his analysis, XRP was trading at $1.43, reflecting a remarkable 172% increase over the past month. The market capitalization had soared to $81 billion, accompanied by $22 billion in daily trading volume. “XRP is starting to return to its normal spot in crypto, being one of the dominant altcoins,” Rodney remarked. Why XRP Is Poised To Surge Higher In his video, Rodney suggests that Trump’s promise to fire Gensler on his first day in office may have influenced Gensler’s decision to resign preemptively. “Gary Gensler is going to be stepping down from his role as the chair of the SEC January 20th, the same day Trump is going to be inaugurated,” Rodney stated. “Trump promised to fire Gary Gensler on day one, so I think Gary Gensler wanted to go out on his shield and resign on his own.” Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs? Reflecting on the SEC’s lawsuit against Ripple, Rodney noted the significant impact it had on the price and market perception. “When the SEC sued Ripple, [XRP] price dipped 50%. This was one of many lawsuits that the SEC and Gary Gensler filed against many different crypto projects. It seemed like they were trying to regulate the space out of existence,” Rodney stated. He pointed out that despite the legal challenges, XRP remained a top cryptocurrency. “Even through all the BS, XRP has still been a top crypto and it really hasn’t fallen out of the top 10 in many years,” he said. Rodney also discussed Ripple’s partial victory against the SEC in July 2023, which set a significant precedent in the crypto industry. However, he expressed surprise that the price did not react more positively at the time. “When we heard about that news of them partially beating the SEC, XRP started to pump to around $0.67 but then promptly dipped down to about $0.50 and didn’t really do anything,” he observed. “It wasn’t moving with the cryptocurrency market at all… It was a running joke that it was kind of our favorite stablecoin.” Turning to the political landscape, Rodney explained: “Donald Trump actually ended up destroying Kamala Harris and is going to be the next president of the United States,” he stated. He emphasized Trump’s pro-crypto stance, noting that he was “much more open about supporting crypto” and was “the first president to purchase anything with cryptocurrency.” Rodney highlighted the involvement of various crypto projects in political campaigns, mentioning that “many cryptocurrency products were funding both candidates’ campaigns behind the scenes.” Related Reading: XRP To Hit $40 In 3 Months But On This Condition – Analyst With the political shift, Rodney expressed optimism about the future integration of cryptocurrency into government systems. “Now more than ever, it seems like cryptocurrency is going to be involved with our government, and in my opinion, XRP is going to be up there with the top projects,” he asserted. He elaborated on XRP’s core objectives, stating, “What is XRP trying to do? They want to be used for international money transfers […] They want to enable fast and low-cost international money transfers and currency exchanges.” He suggested that with supportive figures in government, XRP could realize this potential. How High Can XRP Price Go? Rodney also delved into his price predictions for XRP, considering various market capitalization scenarios. If XRP were to achieve Ethereum’s market cap of approximately $400 billion, it would result in a 4.9x increase from its current price, bringing XRP to around $6.98. “Say, for example, XRP becomes a part of our government and we actually use it for its real utility. Everyone uses it, and it magically got the same market cap size of Ethereum,” he speculated. Imagining XRP reaching Bitcoin’s market cap of about $2 trillion, he calculated a 24x increase, which would place XRP at approximately $33. “Let’s fantasize a little crazier […] Say we gave it Bitcoin’s market cap size that’s currently sitting around $2 trillion,” he mused. He considered a $10 XRP, corresponding to a $600 billion market cap, as a reasonable possibility. “I think that a $10 XRP or an XRP with a $600 billion market cap size is reasonable,” he concluded. However, Rodney acknowledged the challenges inherent in these predictions, noting that “it would be tough for any cryptocurrency project to hit those market cap sizes because Bitcoin’s dominating the entire market right now.” At press time, XRP traded at $1.40. Featured image created with DALL.E, chart from TradingView.com
In the last few days, there have been big changes in crypto land. In just 24 hours, more than $550 million was liquidated. When Bitcoin fell to its weekly low, it caused a flood of sell-offs that caused about 170,000 traders to lose money on their accounts. Related Reading: Solana (SOL) ATH Sparks $309 Price Prediction Frenzy – Details Coinglass reports such tremendous losses to be placed at $118 million in BTC longs, $54 million in ETH longs, and even $25 million in Dogecoin long positions. This surge in liquidations, in conjunction with a decrease in market capitalization and trading volume, emphasizes the volatility that traders have come to anticipate. This is perceived by analysts as a component of a more extensive pattern of corrections that have occurred in the wake of Bitcoin’s recent rally to near-record levels. Bitcoin Dominance & Liquidation Trends Bitcoin’s dominance remains robust, with a current market capitalization of $3.23 trillion, which accounts for over 56% of the total crypto market. The highest liquidation of the day was a $4.67 million BTC/USDT exchange on Binance, which is indicative of the high stakes involved in leveraged trading. Additionally, altcoins were not spared. Significant declines were observed in tokens with a smaller market capitalization, with the broader market losing approximately $100 million. Some analysts think this is just another usual correction, following the hefty close to 44% rise in Bitcoin price since early November. At present, the crypto Fear and Greed Index stands at 82, suggesting that the prevailing dominance in the market is still “Extreme Greed.” Ethereum And Altcoins Maintain Their Poise Ethereum remains resilient, despite the fact that it was not spared from the day’s losses. The uncertain sentiment surrounding the second-largest cryptocurrency was underscored by a combination of long and short liquidations in ETH positions. In the interim, altcoins such as Dogecoin, which were frequently bolstered by meme-driven enthusiasm, experienced the repercussions of market corrections, a warning to traders who were seeking rapid profits. An industry analyst named Miles Deutscher noticed that more traders are reactivating their wallets after not using them for months. They are doing this because they are interested in the possibility of altcoins and Bitcoin’s strong performance. As the market continues to follow its usual trends, this increase in activity could lead to both growth and volatility. Related Reading: XRP Below $1? Not Happening, Claims Millionaire Analyst The Road Ahead For Bitcoin At $92,801, Bitcoin still lags somewhat behind its all-time high of $99,750, attained earlier this month. The next action divides analysts; some believe the market is ready for consolidation prior to another surge beyond $100,000. Others caution that overlevers may cause short-term greater volatility. Investors are keenly monitoring market mood and macroeconomic factors. Although current conditions may promote bullish momentum, the crypto market’s severe price volatility and huge leverage risks remind us of its unpredictable nature. Featured image from DALL-E, chart from TradingView
Polygon (POL) hit its four-month high today following its 11% daily surge. The cryptocurrency surpassed the $0.60 mark before retracing, sparking a bullish sentiment among investors and market watchers. As a result, a renowned crypto analyst predicted a massive 2,500% rally for POL in the coming months. Related Reading: Toncoin (TON) Rebounds Above $6: Is A Sustainable Rally In Sight? Polygon On-Chain Metrics Turn Bullish Polygon has seen a remarkable performance over the past three weeks, rising around 107% since the November 5 market pump. POL, previously MATIC, has seen its price move from below the $0.30 mark to a four-month high of $0.61. This performance has been fueled by several factors, which have propelled the token’s price by nearly 40% in the last seven days and could stage “one of the most hated rallies,” as Ali Martinez shared on X. The analyst explained that Polygon has been experiencing an “important spike in on-chain metrics” over the last week, which could drive POL’s price to a “wild” price action in the future. Martinez noted that a lot of investors hold Polygon from the previous cycle, where the project’s token hit its all-time high (ATH) of $2.92. However, most of them record losses since only 15.11% of Polygon holders are in the green. Per the post, this is a positive sign for POL’s price action, as most of its investors won’t sell for profit at the current price ranges. The analyst added that on-chain data suggests a new wave of investors are positioning themselves for the rally’s second leg. This was signaled by the recent increase in daily active addresses, transaction volume, and whale activity. POL’s daily trading volume has recorded a 190% increase in the last week, jumping from the $250 million mark to $736 million. Additionally, whales bought over 140 million POL, now worth around nearly $80 million, in the last week and a half, with large-scale purchases significantly increasing since November 5. POL To Hit $15 This Cycle? Martinez suggested that with the whales’ buying spree and the reduced selling pressure, the POL “technicals look very good.” To him, the cryptocurrency is nearing a breakout from a multi-year descending triangle. The analyst explained that Polygon has been consolidating in a descending triangle formation since hitting its ATH almost three years ago. Nearly a week ago, the token “bounced off the triangle’s x-axis,” and had its Moving average convergence/divergence (MACD) “on the verge of a bullish crossover.” This suggested that while sentiment remains overall bearish, “bullish signals are piling up,” indicating a potential rally toward a new ATH. Related Reading: Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance Based on this, Martinez predicted that POL’s breakout could potentially lead to a 2,500% rally in the coming months. A weekly close above $0.7973 could spark a rally to $15.27, he detailed, adding that it could also ignite a 6,200% jump to $36.17. The analyst added that the most important support wall for POL was between the $0.375 and $0.386 price range, broken over a week ago, with little resistance in the higher levels. As of this writing, POL is trading at $0.58, a 75% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Recent data from market intelligence firm Arkham Intel reveals that President-elect Donald Trump’s crypto portfolio has seen significant gains, coinciding with a robust uptrend in crypto prices following his election victory on November 5. Despite Bitcoin (BTC) being at the center of Trump’s presidential campaign, one notable asset among his holdings is Ethereum (ETH), of which he owns nearly 496 coins. This altcoin has been the standout performer among his investments, rising 38% over the past thirty days. Trump’s Crypto Holdings Shine Crypto analyst Michael van de Poppe pointed out a bullish divergence on Ethereum’s daily chart, suggesting that the current market dynamics are ripe for further growth. The analyst identified a key driver behind ETH’s recent performance: a significant drop in government bond yields. As these yields decline, van de Poppe suggests that investor interest in riskier assets like Ethereum tends to increase, propelling prices higher. Related Reading: Historic Bitcoin Buy: MicroStrategy Adds 55,500 More BTC To Its Portfolio For $5.4 Billion Van de Poppe elaborated that the ongoing fluctuations in the yield markets could significantly impact Ethereum’s trajectory. With Labor Market Week approaching, he speculated that if economic indicators are weak, the Federal Reserve might implement more rate cuts. Such actions would likely lead to lower yields, further boosting Ethereum’s price. Another analyst, Jesse Olson, echoed this optimistic outlook, noting that Ethereum’s dominance over Bitcoin is showing signs of a bullish divergence. His analysis indicates that positive momentum could soon lead to significant buying opportunities for ETH. As a result of these developments, Trump’s crypto holdings have surged by nearly $1.6 million within the past 24 hours, reflecting the positive market sentiment surrounding Ethereum and other tokens in his portfolio. Major Investment From TRON Founder In a related development, crypto entrepreneur Justin Sun has emerged as a major investor in Trump’s World Liberty Financial, committing $30 million to the decentralized finance (DeFi) project. Sun, the founder of the TRON cryptocurrency, declared his support for Trump’s vision of turning the US into a blockchain hub. He noted, “TRON is committed to making America great again and leading innovation,” highlighting the project’s ambition to democratize financial services by eliminating intermediaries. Related Reading: Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance World Liberty Financial, which was launched shortly after Trump survived a second assassination attempt, aims to raise $300 million at a valuation of $1.5 billion. However, the project has recently revealed that its WLF token offerings are primarily being marketed offshore, with only $30 million set aside for US investors. Once this threshold is met, the US offering will close, despite having a substantial amount of tokens still available for sale. Trump is also reportedly in discussions for the acquisition of the digital asset marketplace Bakkt Holdings Inc. through Trump Media & Technology Group Corp., which he controls. At the time of writing, ETH was trading at $3,435, up 2.4% for the 24-hour period. Featured image from CFR, chart from TradingView.com
The crypto market witnessed a significant milestone last week as investment products recorded roughly $3.13 billion in net inflows globally, primarily driven by US spot Bitcoin exchange-traded funds (ETFs), according to data from CoinShares. This surge highlights growing institutional interest and confidence in the crypto market, with Bitcoin leading the charge. CoinShares reveals that the year-to-date net inflows into crypto funds have reached $37 billion, while total assets under management (AUM) soared to a new high of $153 billion. Related Reading: Bitcoin’s MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know Bitcoin Takes The Lead, Altcoins Show Growth The recent inflows mark the seventh consecutive week of positive movements for global crypto investment products managed by leading firms such as BlackRock, Fidelity, Grayscale, and ProShares. A substantial portion of last week’s inflows, approximately $2.05 billion, originated from BlackRock’s IBIT product, underlining the dominance of US-based funds in the global space. These inflows outpaced the first-year debut of US gold ETFs, which attracted only $309 million. Bitcoin-based funds were at the forefront of the inflows, contributing $3 billion of the weekly total. This inflow coincided with Bitcoin’s continued price rally, drawing additional interest from institutional and retail investors. However, the higher prices also spurred a notable $10 million inflow into short-Bitcoin products, bringing the monthly figure for these products to $58 million — the highest since August 2022. While Bitcoin dominated, altcoins also attracted significant investment. Solana emerged as the second-most popular asset among institutional investors, with net weekly inflows of $16 million, surpassing Ethereum’s $2.8 million. Other altcoin-based funds also saw notable inflows, with XRP, Litecoin, and Chainlink attracting $15 million, $4.1 million, and $1.3 million, respectively. These inflows suggest growing confidence in the broader altcoin market, driven by price rallies and increasing adoption. Global Crypto Inflows And Regional Trends US-based funds’ dominance was evident in regional fund flows, accounting for $3.2 billion in net weekly inflows. However, this was slightly “offset” by outflows from European markets, including $84 million, $40 million, and $17 million from crypto investment products in Sweden, Germany, and Switzerland, respectively. Despite these regional outflows, the overall trend remains bullish, driven largely by institutional participation in the US market. Notably, CoinShares’s continuous inflows reflect a combination of factors, including the market’s positive sentiment regarding the bull run and the increasing acceptance of crypto as a legitimate asset class. Related Reading: Ethereum Price Poised for Gains: $3,600 Within Reach? The launch of spot Bitcoin ETFs has been a pivotal development. It provides institutional investors with a regulated avenue to gain exposure to digital assets. As a result, the cryptocurrency market is witnessing a shift toward mainstream adoption, further supported by strong price performance and consistent inflows across various investment products. Featured image created with DALL-E, Chart from TradingView
Solana (SOL) has been making waves in the cryptocurrency industry, reaching an all-time high of $265 on November 23, 2024. The surge of Bitcoin toward the $100,000 mark and the enthusiasm for meme currencies were the catalysts for this remarkable rally. Related Reading: XRP Below $1? Not Happening, Claims Millionaire Analyst Solana-based tokens have experienced substantial gains in the past month, with some exceeding a twofold increase in value. In the crypto space, Solana’s presence is becoming increasingly evident, as shown by its $121 billion total market capitalization. Solana’s Outstanding DEX Activity Daily trading volume over $6 billion has made Solana’s decentralized exchanges (DEXs) highly in demand. This reflects a 45% market share. The low transaction fees of Solana helped the platform to stand out as a significant alternative to Ethereum, Binance Coin (BNB), and Polygon. Investor optimism has been further bolstered by this level of activity, as analysts have identified the potential for ongoing expansion. Solana’s position in the DeFi sector has been further solidified by the network’s Total Value Locked (TVL) increasing to $9.35 billion, surpassing BNB Chain’s $6.21 billion. Additionally, Solana reached a historic $318 billion in transfer volume, setting a new record for the blockchain. Despite some signs of bot-driven activity inflating these figures, this high throughput demonstrates Solana’s capacity to handle massive transactions. On November 16th, Solana’s transfer volume hit an all-time high of $318 billion, whilst the number of active addresses spiked to over 22 million. However, mean and median transaction volumes dipped during the same period. This pattern of network activity inflation may be… pic.twitter.com/RJcE6Kjnkn — glassnode (@glassnode) November 19, 2024 Market Risks And Resistance Levels Solana’s recent performance has been noteworthy; however, analysts caution that the coin is approaching critical resistance lines. SOL is currently trading at $261, representing a 2.60% increase in the past 24 hours. A breakout point has been identified by certain experts above $226, with key resistance levels at $271 and $309. Solana has the potential to advance into new territory if it can sustain momentum and overcome these resistance levels. However, some are worried about the overbought conditions and have even speculated that consolidation could occur before SOL accomplishes its goal. The Relative Strength Index (RSI) is getting close to its upper limit, which may indicate a brief market correction is imminent. Related Reading: Stellar Shines: XLM Rockets Over 180% In Just One Week – Details A Positive Prognosis With Some Reservations Many analysts anticipate that Solana’s price will continue to increase, with a forecasted 8.70% increase to $275 by December 25, 2024. The price is currently exhibiting a strong favorable momentum. The Fear & Greed Index currently stands at 80, which indicates strong investor confidence and heightened avarice. Though the overall mood is upbeat, investors need to keep in mind the risks and volatility of the market. It can be said that the growth tale of Solana is yet to be written fully, as seen by the recent trading volume and price action fluctuations. It will, however, need careful maneuvering as it continues its ascent. Featured image from MoneyCheck, chart from TradingView
Recent analysis suggests that the Ethereum price may be operating on an 8-year cycle, diverging from Bitcoin’s established 4-year cycle. This would explain the sheer underperformance of the Ethereum price in relation to the Bitcoin price since the beginning of the year. Keeping this in mind, technical analysis suggests that the Ethereum price still has a long way to go in this cycle, especially if the Bitcoin price starts to undergo a major correction. Understanding ETH/BTC’s 8-Year Cycle Technical analysis of the ETH/BTC chart has pointed out an interesting cycle between both crypto heavyweights. Notably, the chart shows that the Ethereum price has been largely underperforming against the Bitcoin price for the past few years, a trend that has been further exacerbated since July of this year. Related Reading: XRP Price Reaches 3-Year High At $1.6 – 2 Ways It Can Go From Here Unlike the Bitcoin price, which follows a well-documented 4-year cycle aligned with its halving events, the Ethereum price seems to chart a different path. Over the years, data suggests that Ethereum is aligned with an 8-year cycle. This distinction explains why Ethereum and its ecosystem often appear to lag behind Bitcoin during bull runs and bear markets. Interestingly, this distinction has been very obvious in the current bull cycle, which has seen the Bitcoin price breaking into multiple new all-time highs while Ethereum continues to struggle under $4,000. Ethereum’s 8-year cycle indicates that as the Bitcoin price starts to reach a peak within its own cycle, Ethereum could be counterbalancing these movements. This plays into the notion of an altcoin season where investors start to take profit on the Bitcoin price and start investing in the altcoin market. According to an analysis on the TradingView platform, the 4-year cycle of the Bitcoin price suggests that the leading cryptocurrency might plunge to the depth of its sinusodial path by 2026, according to its Power Law corridor by 2026. On the other hand, this predicted Bitcoin price decline will be counteracted by a simultaneous Ethereum price surge that would push it to its highest point in the 8-year cycle by 2026. Projected Peak For Ethereum Price In Mid-2026 Based on the 8-year cycle theory, Ethereum’s price is anticipated to peak by mid-2026. This peak is expected to align with the trough of Bitcoin’s 4-year cycle, creating a counterbalance between the two leading cryptocurrencies. During this period, Ethereum’s price is projected to climb to its highest levels as Bitcoin enters a price correction phase. Additionally, BNB is expected to act as a stabilizing asset alongside Ethereum as the Bitcoin price declines. Related Reading: Dogecoin ATH Incoming? Analyst Issues 2-Day Price Forecast Price forecast suggests that the Ethereum price could reach $17,600 by June 2025, with BNB simultaneously rising to $3,520. By July or August 2026, Ethereum is projected to reach $150,000, while BNB may climb to $30,000. At the time of writing, Ethereum and BNB are trading at $3,385 and $660, respectively. Bitcoin is trading at $98,150. Featured image created with Dall.E, chart from Tradingview.com
In a new analysis, prominent crypto analyst Miles Deutscher unveiled his thesis on a crypto he believes could rival Dogecoin in this market cycle. With a following of over 550,000 on X and 208,000 YouTube subscribers, Deutscher’s insights carry significant weight in the crypto community. Titled “I Just Found The Next DOGE! [10X Potential… Or More?],” Deutscher’s video explores the untapped potential of Luckycoin (LKY)—a meme coin that not only predates Dogecoin but was instrumental in its creation. “Dogecoin was originally a fork of a cryptocurrency called Luckycoin, itself a fork of Litecoin,” Deutscher highlighted, referencing Dogecoin’s official website. This connection places Luckycoin at the very foundation of Dogecoin’s existence. Is Luckycoin The ‘Next Dogecoin’? To substantiate his claim, Deutscher cited a podcast featuring Jackson Palmer, co-creator of Dogecoin. Palmer stated: “You know, you were asking me before the show, like, why was there a decision to fork Luckycoin, which was itself a fork of Litecoin, which itself is a fork of Bitcoin… And that’s because Luckycoin had this whole notion of random block rewards built in.” Related Reading: Dogecoin Extends Rally – Can This Lead To A Breakout Above $0.82? Deutscher further pointed out that Dogecoin’s source code contains lines nearly identical to Luckycoin’s, with the primary difference being the replacement of “Luckycoin” with “Dogecoin.” Luckycoin, launched in May 2013, saw its network halt in November 2013. The last original block, numbered 81,743, was mined on November 26, 2013. The reasons for its dormancy included the disappearance of its founder and the unsustainable nature of its random block rewards, which deterred miners. However, on August 25, 2024, the network was revived starting from block 81,744. This community-led takeover has reignited interest in Luckycoin, making it one of the oldest actively mined chains in existence. “This makes it the longest-running meme coin blockchain ever. What’s the next oldest running meme coin blockchain? Well, it’s Doge, and Luckycoin is actually older than Doge,” Deutscher emphasized. The revival has led to a dramatic increase in Luckycoin’s hash rate. At one point, it surpassed Litecoin and Dogecoin. “When you see a spike like this in the interest for mining a coin, there’s two reasons for it: One, when price increases, this creates a flywheel of more people mining because they see that there’s profitability there. Two, exchanges who actually want to list a coin that may not have the necessary supply […] The only way for them to acquire enough Lucky to list is actually to mine the coin themselves,” Deutscher explained. Notably, industry insider Crypto Dog hinted at major exchanges mining Luckycoin: “Not naming names, but I know one tier-one exchange is currently accumulating Lucky through LTC merge mining.” Deutscher addressed the discrepancies in Luckycoin’s market capitalization reported on platforms like CoinMarketCap and CoinGecko, which list it around $100 million. He argued that these figures are misleading due to lost or dormant coins from the early mining days. Related Reading: Analyst Predicts Rapid Dogecoin Surge To $1: The Timing May Surprise You By accounting for approximately 8 million Luckycoins that are likely lost or inaccessible, Deutscher calculated the true active supply to be around 6.2 million Luckycoins. At the current price of $9, this places Luckycoin’s market cap at approximately $56 million. Comparing this to Dogecoin’s $64 billion market cap, Deutscher highlighted the potential for growth: “Luckycoin is a 1,141x away from Doge, which is a massive discrepancy and, I think, a really powerful shelling point for retail because this is the OG Doge.” Deutscher presented a series of scenarios illustrating Luckycoin’s potential: 5x Increase: Market cap reaches $282 million, representing 0.44% of Dogecoin’s market cap. 10x Increase: Achieves 1% of Dogecoin’s market cap at $600 million. 20x Increase: Reaches 1.75% of Dogecoin’s market cap at $1.1 billion. Emphasizing the importance of storytelling in crypto, Deutscher stated: “Crypto is driven by narratives; crypto is driven by stories. I personally haven’t found a story this compelling in crypto in a long time.” He believes that Luckycoin’s rich history and direct connection to Dogecoin provide a compelling narrative that could resonate with both retail investors and the broader crypto community. Looking ahead, Deutscher identified the upcoming Chinese New Year on January 29th as a potential catalyst. In Chinese culture, luck and prosperity are highly valued, and Luckycoin’s branding aligns seamlessly with these themes. “Chinese culture is all about luck, prosperity, wealth, and health. Luckycoin is literally the epitome of this […] If China picks up this narrative, the stars are basically aligning for this coin to perform really, really well,” he suggested. Currently, Luckycoin is not widely available on major exchanges, which Deutscher views as both a challenge and an opportunity. “It’s not on a Bybit, an OKX, a Binance, a Coinbase… It’s only just been listed on MEXC. Because it’s not on big exchanges, liquidity is thin […] Once it becomes accessible […] that could potentially lead to the floodgates opening on retail coming in and actually buying this coin,” he noted. Beyond his own advocacy, Deutscher highlighted that other influential figures are beginning to discuss Luckycoin. Notably, Ansem, known for his influence on Solana-based projects, has acknowledged Luckycoin as the “OG Doge.” “The important thing here is the fact that he knows about it and he’s talking about it […] I think this will only continue to gain traction, not only because it’s got the OG Doge narrative in a cycle where Doge is performing so well but also because it has that Chinese New Year narrative as well,” Deutscher predicted. Deutscher disclosed his own investment in Luckycoin, having accumulated it between $2.20 and $3.20. He emphasized transparency, stating: “I’m not paid to do this video. I’m not paid because there is no team. I wasn’t given a discounted OTC. I put my own money in; I backed this myself. I’ve picked up this narrative myself because I believe in it.” While bullish on Luckycoin’s prospects, Deutscher cautioned about the inherent risks: “This is a risky meme. It’s a 50 million market cap meme. It could potentially crash. I don’t know what’s going to happen […] Memecoins are risky, right? There’s no sure bets.” At press time, LKR traded at $15.64. Featured image created with DALL.E, chart from TradingView.com