The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion.
XRP price started a fresh increase above the $3.050 level. The price is holding gains and might continue to rise if it clears the $3.20 resistance. XRP price gained over 15% and rallied toward the $3.40 zone. The price is now trading below $3.250 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.880 support. XRP Price Dips To Support XRP price managed to start a fresh increase above the $2.750 and $2.880 resistance levels. The price outperformed both Bitcoin and Ethereum. There was a move above the $3.050 and $3.20 levels. The price tested the $3.40 zone and recently corrected some gains. A low was formed at $2.81 and the price is now recovering. There was a move above the $3.050 level. The price cleared the 50% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low. The price is now trading below $3.20 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $3.20 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $3.130 level or the 76.4% Fib retracement level of the downward move from the $3.23 swing high to the $2.81 low. The first major resistance is near the $3.20 level. The next resistance is $3.230. A clear move above the $3.230 resistance might send the price toward the $3.320 resistance. Any more gains might send the price toward the $3.40 resistance or even $3.420 in the near term. The next major hurdle for the bulls might be $3.50 and a new all-time high. Another Downside Correction? If XRP fails to clear the $3.20 resistance zone, it could start another decline. Initial support on the downside is near the $3.00 level. The next major support is near the $2.88 level. If there is a downside break and a close below the $2.88 level, the price might continue to decline toward the $2.750 support. The next major support sits near the $2.650 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $3.00 and $2.880. Major Resistance Levels – $3.130 and $3.20.
US President-elect Donald Trump’s launch of his own cryptocurrency, $TRUMP, has created a storm in the crypto world, with its market capitalization soaring to several billion dollars in a short period. The meme coin was released just days before Trump’s inauguration as the 47th President of the United States. Critics have raised concerns that the …
The former CTO of Coinbase and general partner at venture capital firm Andreessen Horowitz said in a thread on X that memecoins aren’t wealth creation.
Trump has given a ray of hope to the downmarket with its new crypto policies and market cheered his crypto centric election campaign wholeheartedly. The crypto turned to a Trillion dollar industry with Trump’s win. However, the market got more interested with the debut of Donald Trump’s TRUMP meme coin, which initially jumped to a …
Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited compared to Bitcoin. ETH failed to gain pace for a close above $3,500 and corrected gains. There was a move below the $3,320 and $3,300 support levels. A low was formed at $3,141 and the price is now consolidating losses. There was a minor increase above the $3,200 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. Ethereum price is now trading below $3,280 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,240 level. The first major resistance is near the $3,300 level or the 50% Fib retracement level of the recent decline from the $3,445 swing high to the $3,141 low. The main resistance is now forming near $3,380. There is also a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD. A clear move above the $3,380 resistance might send the price toward the $3,450 resistance. An upside break above the $3,450 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,500 resistance zone or even $3,550 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,300 resistance, it could start another decline. Initial support on the downside is near the $3,150 level. The first major support sits near the $3,120. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,020 support level in the near term. The next key support sits at $3,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,300
More than 400,000 traders were liquidated over the past 24 hours as Bitcoin plunged back below $100,000.
The Trump crypto business World Liberty Financial has bought up millions worth of Ether in the past day as the token has slightly strengthened against Bitcoin.
Bitcoin price started a short-term downside correction from the $106,250 zone. BTC is consolidating above $100,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $106,250 zone. The price is trading below $103,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $104,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Holds $100K Bitcoin price started a decent upward move above the $100,000 zone. BTC was able to climb above the $102,500 and $103,800 levels. A high was formed at $106,246 and the price recently started a downside correction. There was a drop below the $104,000 and $103,500 levels. Besides, there was a break below a key bullish trend line with support at $104,650 on the hourly chart of the BTC/USD pair. A low was formed at $99,538 and the price is now rising. There was a move above the 23.6% Fib retracement level of the recent decline from the $106,246 swing high to the $99,538 low. Bitcoin price is now trading below $103,800 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,000 level. The first key resistance is near the $103,000 level or the 50% Fib retracement level of the recent decline from the $106,246 swing high to the $99,538 low. A clear move above the $103,000 resistance might send the price higher. The next key resistance could be $104,650. A close above the $104,650 resistance might send the price further higher. In the stated case, the price could rise and test the $106,250 resistance level. Any more gains might send the price toward the $108,500 level. More Losses In BTC? If Bitcoin fails to rise above the $103,000 resistance zone, it could start a downside correction. Immediate support on the downside is near the $100,500 level. The first major support is near the $100,000 level. The next support is now near the $98,800 zone. Any more losses might send the price toward the $96,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,500, followed by $100,000. Major Resistance Levels – $103,000 and $104,650.
Bitcoin rallied as positive sentiment continues with Trump set to take office on Monday and having launched his memecoin.
BTC has pulled back to $100K as Melania Trump launched her own memecoin, stalling the surge in the TRUMP token.
The following article is an op-ed by Mike Romanenko, CVO & Co-founder of Kyrrex. The crypto industry in Europe is standing at the threshold of a regulatory transformation. The Markets in Crypto-Assets Regulation – MiCA –, the European Union’s landmark framework for crypto governance, is set to become a legal requirement, shaping the industry’s future. […]
The post Is the crypto market ready for 2025 with MiCA? appeared first on CryptoSlate.
The Official Trump (TRUMP) memecoin saw its price rebound to $61 after Robinhood announced the token’s listing on the exchange.
The launch of competing meme tokens highlights the volatility and speculative nature of the crypto market, impacting investor confidence.
The post Trump’s coin plunges 40% after his wife drops MELANIA meme token appeared first on Crypto Briefing.
Large holders of Ethereum, also called Ethereum whales, have been on an accumulation trend for a while now, with on-chain data revealing a fascinating increase in their collective holdings. Particularly, data from blockchain analytics firm IntoTheBlock shows that Ethereum whales now hold about 43% of the total circulating supply of ETH. The imbalance in ETH holdings raises important questions about its implications for Ethereum’s price and market dynamics moving forward. Whale Accumulation Surges By Over 90% Since Early 2023 According to IntoTheBlock, the total concentration of ETH in whale addresses is currently at 61.09 ETH, which represents about 43% of the total supply. This marks a significant shift from early 2023, when whales held just 22% of Ethereum’s circulating supply. IntoTheBlock classifies whale addresses as those holding more than 1% of the total circulating supply of ETH. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days The nearly twofold increase in Ethereum whale holdings within just a year is a noteworthy development. Naturally, such a concentration of a large supply of cryptocurrency into a few wallets would spell doom for the asset, as it would mean a few players would be able to manipulate price dynamics as they wish. However, Ethereum’s case deviates from this narrative due to the unique nature of its ecosystem and recent structural shifts within the network since 2022. The sharp rise in whale concentration can be attributed to two major factors: the Ethereum merge and the growing appeal of ETH staking to earn rewards. The Ethereum merge, which took place in 2022, transitioned the blockchain from a proof-of-work (PoW) system to a proof-of-stake (PoS) mechanism. As such, in-depth data from IntoTheBlock, which shows the 61.09 million ETH concentrated in only three whale addresses, makes much sense. What this means is that these ETH are mostly those locked in the proof-of-stake staking algorithm used by block validators on the Ethereum network. By locking up their Ethereum, ETH miners and large holders have not only reduced the circulating supply but also contribute to price appreciation by reducing the amount of Ethereum available for trading. Ethereum Holder Dynamics – Investors And Retailers The increase in ETH among whale addresses has meant less ETH is available for investors and retail owners. IntoTheBlock classifies investors as addresses holding between 0.1% and 1% of the total circulating supply, while retail are those with less than 0.1% of the total circulating supply. At the time of writing, there are 42 investor addresses and they collectively own 15.2 million ETH, which translates to 10.77% of the total circulating supply. Keeping in mind that the three whale addresses do not do much with price dynamics, investor addresses holding significant but more liquid portions of ETH have a greater capacity to affect market movements. Any substantial selloff from these investor addresses could trigger a sharp decline in Ethereum’s price. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 On the other hand, retailers, which constitute over 99% of ETH addresses, are left with 46% of the total circulating supply. At the time of writing, Ethereum is trading at $3,225 and is down by 2% in the past 24 hours. Featured image from Pexels, chart from TradingView
Trump-backed World Liberty Financial said it has sold 20% of its token supply and decided to open up an additional 5% of supply for sales.
Dubbed Melania, the Solana-based token has surged more than 12,000% in the last 24 hours as Donald Trump's token fell.
The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. The 14th Amendment and the Debt Limit The debt limit is the amount of money the United States government can borrow to pay its existing legal obligations. These include Social Security and Medicare benefits, military salaries, interest on the national debt, tax […]
The post A US debt default would be unconstitutional—Bitcoin is the only way out appeared first on CryptoSlate.
A popular cryptocurrency exchange platform foresees an outsized market rally for altcoins in the upcoming weeks after Donald Trump assumes the US presidency on January 20. A Coinbase analysis urged crypto traders to start positioning themselves in the altcoin space as a potential huge rally concerning altcoins is on the horizon. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 Coinbase Reports Rise Of Altcoins Coinbase crypto exchange suggested that the upcoming massive market rally for altcoins could be on the way and might happen in the succeeding weeks after Trump returns to the White House. The crypto exchange released its latest weekly market commentary which provided its insights on Trump’s upcoming inauguration and its impact on the cryptocurrency landscape, saying that although the incoming American president is pro-crypto, it might take a while before “all planned crypto-related policies on the agenda” will be fully implemented. However, Coinbase analysts noted that after Trump’s inauguration on January 20, they are expecting a surge in altcoins since, they believe, the digital asset space is preparing for a massive altcoin rally. The crypto exchange’s report stated that crypto traders might be strategically positioning themselves to fuel another growth spurt for altcoins under the Trump administration. According to Coinbase, the latest surge in altcoins is driven by a slight drop in the dominance of Bitcoin. “The drop in BTC dominance from 58.5% to its support level of 57.3% during the inflation print relief rally on January 15 suggests to us that traders may be positioning for an outsized altcoin market rally on the back of positive catalysts for risk assets and crypto,” Coinbase explained in the report. BTC’s Fading Dominance A crypto analyst observed that the dominance of the world’s most popular cryptocurrency, Bitcoin, could be slightly dipping, a circumstance that allowed the latest altcoin pump. “Importantly for the long tail, $BTC dominance has been slowly fading since late November ’24 – fireworks if that continues,” VC firm Placeholder partner and former ARK Invest crypto lead Chris Burniske said. Importantly for the long tail, $BTC dominance has been slowly fading since late November ’24 – fireworks if that continues. pic.twitter.com/PyBWTwT8os — Chris Burniske (@cburniske) January 17, 2025 In its insight report, Coinbase provided a possible price scenario for Bitcoin through the Deribit options contracts. “The max paint point for Deribit BTC options expiring on January 31 and February 28, 2025 is $94K and $98K respectively. However, this drops to $80K for the March 28 expiry. While not a pure prediction of future price action, the max paint point suggests possible biases in market positioning by market makers and options sellers who may be hedging their liabilities,” the crypto exchange analysts said in the weekly commentary. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days Stablecoin Inflows A Cue Crypto analysts observed that stablecoins posted strong inflows, which Coinbase analysts David Duong and David Han suggested as an indicator that a bullish market could happen to altcoin. The analysts added that a big chunk of stablecoins’ strong capital inflows went to altcoins while Bitcoin and Ethereum recorded outflows. “Stablecoin supply – perhaps the most clear proxy for capital flows to these long tail assets in our view – increased by $1.3B last week, a continuation of trends we’ve observed over the past two months,” the Coinbase report said. Coinbase also noted that BTC had a net outflow of $457 million while ETH’s net outflow was at $206 million. Featured image from Pexels, chart from TradingView
Melania Trump's memecoin launched after Donald Trump's official TRUMP token reached a $15 billion market cap before falling nearly 40%.
'I thought I was about to walk away with $50 million in one day,' Fournier said at one point, repeatedly insisting he was scammed.
Many crypto influencers and financial analysts have characterized the TRUMP memecoin launch as a new era for capital formation.
Dogecoin seems to have finally moved past its extended consolidation phase with the return of greed sentiment into the crypto market. Intrestingly, technical analysis of the Dogecoin price chart shows that this greed sentiment is about to push the meme coin into a parabolic rally that would send it to new all-time highs. Related Reading: Dogecoin Bulls Eye $3 As Whales Scoop 200 Million DOGE In The Last 2 Days This rally is from a projection of the “Power of 3” concept, with recent price action pushing Dogecoin into the distribution phase. Power Of 3 Patterns Point To Bullish Momentum For Dogecoin The Power of 3 pattern is a technical analysis concept that divides the price cycle into three distinct phases of accumulation, manipulation, and distribution. These phases are each distinct in their price performance. The accumulation phase, which is the first phase of the pattern, is characterized by a consolidation around a recent high after a strong upwards price action. Next is the manipulation phase, where price action breaks below the support of the accumulation phase and starts to trade within a range just below this support. The distribution phase is the last phase, which is characterized by a strong price breakout in the upward direction as momentum builds and a large number of participants enter the market. According to technical analysis of the Dogecoin price action by crypto analyst Trader Tardigrade, two consecutive Power of 3 patterns have appeared on the DOGE daily chart. The first pattern has been fully completed and played out during the months of March to November 2024, with the ensuing distribution phase pushing Dogecoin to multi-year highs. The second pattern began shortly after the first one concluded and is now nearing its final stage. The accumulation phase for this pattern lasted from early November to mid-December, during which Dogecoin rejected at $0.48 and began consolidating around $0.48 to $0.4. This was followed by the manipulation phase, which persisted from mid-December through the first weeks of January after Dogecoin broke below $0.4 Recent positive price movements show that Dogecoin has now exited the manipulation phase and is now in the distribution phase. If history were to repeat itself, Dogecoin could experience another parabolic rally from here, driven by increased market participation and growing bullish sentiment. Breaking Out Of Consolidation: The 2017 Parallel Trader Tardigrade projected that the distribution phase will send the Dogecoin price above its current all-time high of $0.7316 and finally above the $1 mark. The final price target is around $1.3, which represents a 225% increase from the current price. Tardigrade also drew parallels between Dogecoin’s current movement and its price action from 2017. He noted that Dogecoin has broken out from a consolidation trendline in a manner similar to a breakout before its rally in 2017. If history repeats itself, Dogecoin could reach a local peak above $3 in 2025. Related Reading: Bitcoin Reserve In The US: 65% Chance It Happens In 2025 At the time of writing, Dogecoin is trading at $0.3975. Featured image from Pexels, chart from TradingView
The launch of Donald Trump’s official memecoin on Solana has not only boosted the cryptocurrency’s price and trading volume, but also perceived odds of a SOL ETF.
The Official Trump memecoin aims for prices in the triple-digit range, while SOL, BTC, XRP, ALGO and XDC prepare for a breakout to new all-time highs.
Solana (SOL) is trading at all-time highs after a dramatic 4-hour price sweep designed to shake out weak hands. Despite the scare, SOL has proven its resilience, surging over 62% since Monday in a rally that has captivated investors. The price action reflects Solana’s strength as it continues to outperform, with bullish momentum showing no signs of slowing down. Related Reading: Raydium Breaks Key Level Showing Relative Strength – New Highs Next? Top analyst Jelle provided key insights into Solana’s current market dynamics, highlighting the psychological impact of the recent sweep. According to Jelle, the sharp dip instilled fear among traders, much like the pattern observed in last month’s volatile candle. However, the technical outlook remains firmly bullish, with Jelle reiterating that Solana’s target remains highly optimistic. This price action has solidified Solana’s position as one of the most exciting assets in the crypto market. With its ability to recover quickly from sharp corrections and continue pushing higher, investors are increasingly confident in its long-term potential. As Solana trades at new highs, market participants are closely monitoring its next moves, eager to see whether the asset can sustain its momentum and reach even loftier price targets in the days ahead. Solana Prepares For A Massive Rally Solana is entering what many analysts believe will be a transformative bullish phase, with the potential to deliver massive gains for investors. As the central hub for some of the hottest meme coins, including the explosive TRUMP meme coin, Solana is rapidly positioning itself as a giant market leader in the cryptocurrency space. Its robust ecosystem, fast transaction speeds, and low costs have made it the go-to platform for innovative projects, cementing its reputation as a powerhouse in the industry. Jelle recently shared a compelling technical analysis on X, shedding light on Solana’s current price dynamics. Jelle noted the recent sharp price dip, calling it a “scary sweep” designed to instill fear among traders. Comparing it to the pattern seen in the last monthly candle, he confidently stated, “They ain’t fooling me,” reaffirming his bullish outlook. According to Jelle, Solana’s momentum is building toward a price target of $600, a level that would solidify its dominance and mark a monumental achievement. The coming week will be pivotal for Solana’s trajectory, coinciding with President-elect Donald Trump’s inauguration. With expectations of a pro-crypto administration, market sentiment around Solana and the broader crypto market is overwhelmingly positive. Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? As Solana continues to attract attention as the backbone for thriving meme coin projects and innovative decentralized applications, its role as a market leader becomes more evident. If SOL maintains its bullish momentum, the combination of strong fundamentals, technical support, and a favorable macroeconomic environment could propel it to unprecedented highs, fulfilling the expectations of analysts and investors alike. Price Action: SOL Enters Uncharted Territory Solana is currently trading at $274, just shy of its newly set all-time high (ATH) of $275. The price action remains extremely bullish, with strong momentum suggesting further upside as SOL enters price discovery. This phase, where the asset explores uncharted territory with no historical resistance, often leads to accelerated gains as demand grows and market participants chase the trend. Bulls are firmly in control of the market, driving Solana’s impressive rally. The key level to watch now is $255, which has become a critical support zone. Holding this level would reinforce bullish sentiment and provide a solid foundation for the next leg up. Analysts agree that if bulls maintain support at $255, the rally will likely continue, with the potential to set even higher ATHs in the near future. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH With Solana’s fundamentals and technical outlook aligning, the market sentiment is overwhelmingly optimistic. As the ecosystem expands and investor confidence grows, SOL appears poised for a sustained upward trajectory. Traders are now closely monitoring its ability to consolidate above key levels. A successful hold could pave the way for even more significant gains in the coming days and weeks. Featured image from Dall-E, chart from TradingView
"Immense gratitude to everyone who voted for President Trump on my behalf," the Silk Road founder wrote in a November 2024 X post.
President-elect Donald Trump's comments came just hours after his wife Melania Trump launched her own memecoin, tanking his.
TRUMP memecoin price could be headed toward $100 by the inauguration of President-elect Donald Trump on Jan. 20, BitMEX cofounder suggests.
The crypto community have criticised the launch of a second Trump memecoin in such a short period of time.