Bitcoin [BTC] continues to attract market demand despite recent pullbacks.

As 2024 nears its conclusion, Ethereum price fluctuations are being closely monitored. The trajectory of the cryptocurrency is critically influenced by key resistance and support levels, as indicated by recent analysis from crypto experts, which suggests a cautiously optimistic outlook. Related Reading: Ethereum Adoption Grows As BlackRock ETF Secures 1 Million ETH Important Price Levels To Monitor Analyzing cryptocurrencies, Justin Bennett emphasized the importance of Ethereum recovering the $3,540 level over the weekly period on December 22. This pricing range is regarded as necessary to show a potential change in the market toward optimism. Should Ethereum be unable to clear this barrier, it runs the danger of sliding below the significant support zone of $3,000, leading to a drop toward $2,600. For investors as well as speculators, a drop of this degree would be costly. As bullish as I’m turning with the overall setup going into 2025, buyers still have work to do. For example, $ETH needs to recover $3,540 on the weekly time frame to look bullish next week. Buyers have 33 hours to get it done.#Ethereum pic.twitter.com/cAChCbJxjd — Justin Bennett (@JustinBennettFX) December 21, 2024 Market Sentiment And Analyst Predictions The analysis by Titan of Crypto who utilized the Ichimoku cloud approach to predict probable recovery further strengthens the optimism surrounding Ethereum. The analyst noted that Ethereum has retested some critical levels, which gives the impression that the present correction cycle is about nearing its end. The strength of Kumo Cloud’s support line indicates that Ethereum may well form a base for higher moves if it can manage to hold on to the existing levels. Whales Ramp Up Accumulation Meanwhile, Ethereum whales have increased their holdings and amassed about 340,000 ETH, which is worth more than $1 billion, in just a few days. This rise in accumulation shows that big investors are becoming more confident of the prospects of the altcoin. Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours – Details https://t.co/fZe8jWmQ3S — Jose JM (@CryptoJoseJM) December 22, 2024 In addition, spot Ethereum ETFs have garnered inflows of over $2 billion since their introduction in the US market, which is indicative of the growing interest in these instruments. If regulatory authorities permit staking yields within these funds, analysts anticipate that this trend could surpass Bitcoin ETFs by 2025. Ethereum Price Forecast At the time of writing, Ether was trading at $3,330, down 0.7% and 15.7% in the daily and weekly timeframes, data from Coingecko shows. Based on how the Ethereum market is doing right now, there will likely be a positive upward trend within the next week, despite Ether’s numbers flashing red in the charts. Analysts are hopeful about its chances of recovering, even though it is selling at a 21% discount to what they think it will be worth in a month. Source: CoinCheckup A potential breakout that could test critical resistance levels is being indicated by technical indicators such as the Relative Strength Index (RSI) and Moving Averages. Ethereum is anticipated to experience a robust development trajectory in the medium to long term, with a 35% price increase within the next three months and a remarkable 100% growth within a year, according to projections. Featured image from DALL-E, chart from TradingView

NFT projects encountered numerous setbacks in 2024, but many remain hopeful that the asset class will stage a comeback.

Bitcoin Suffers First Weekly Decline Since Trump's Election Victory | Japanese Firm Metaplanet Makes its Largest-Ever Bitcoin Purchase | Trump Taps Bo Hines to Lead Crypto Council

XRP might jump to $2.50 as price recovery underway

The post Can Hamster Kombat S2 Ignite a Comeback for HMSTR Token? appeared first on Coinpedia Fintech News We all have seen the last rally and adding 240 million players to HMTR created a historic example. With this in mind will it repeat the magic? The HMSTR token, currently trading at $0.002693, faces a significant challenge in reaching $0.01 before 2025. To achieve this, the price needs to rise by over 73%, a feat it has managed in the past, but given the current market conditions and the token’s performance, it seems increasingly unlikely. While the entire market saw a bloodbath and BTC may take two more dips it will be interesting to see if HMSTR hits the bull’s eye. Hey Hamsters! We know you’ve been waiting for this one… We would like to finally give you a taste of what’s coming in Season 2! Our ideas and ambitions pushed us to spend all the past weeks building this. Season 2 will be more than just a game, it turned out much bigger… pic.twitter.com/KIwZfQRahs — Hamster Kombat (@hamster_kombat) December 22, 2024 Let’s see what’s building the bullish momentum. The Rise and Fall of HMSTR The Hamster Kombat S2 beta announcement temporarily lifted the token’s price, sparking a surge. The team introduced a $3k prize pool, attracting some attention and briefly boosting the token’s value. However, despite the excitement around the S2 launch, the price quickly faced massive selling activity, and interest in the game started to shake. Once boasting an active user base of 300 million, Hamster Kombat now struggles with only 27 million players. The major decline in users, combined with Binance’s decision to delist the token due to insufficient trading activity, highlights the broader struggles HMSTR has faced. The Struggle is REAL The significant drop in player interest is one of the biggest challenges for the token. Initially, Hamster Kombat, a Telegram-based mini-game, gained massive popularity with its tap-to-earn mechanics, but now its user base has dropped dramatically. Despite this, the game’s developers are hopeful that Hamster Kombat S2 could revive interest. With just days left before 2025, HMSTR’s path to $0.01 seems slim. The token’s consolidation and the lack of bullish market conditions, especially with the possibility of Bitcoin facing further downturns, only add to the difficulty. The last major rally for HMSTR occurred during a general market upswing, which is not currently on the horizon. Can Season 2 Bring a Turnaround? The upcoming full launch of Hamster Kombat S2 could be the turning point for the HMSTR token. While the beta version has sparked some buzz, it’s the full-season launch that may drive a lasting rally. Season 2 will introduce new games and lay the foundation for HamsterVerse, which could reignite interest in the game and attract new players. The Telegram mini-gaming company needs more players to attain a new ATH and that is only possible how useful will be this Beta version for players and its functionality? While the company claims it will be bigger than expected the market signals are unlikely.

Pepe coin price has experienced a sharp crash, undoing most of the gains made earlier this month when it surged to a record high. While the price has stabilized in the past few days, a rare chart pattern on the daily chart points to a potential 35% crash. Pepe’s open interest in the futures market also points to more downside in the near term. Pepe Coin Price Bearish Flag Points To More Downside The Pepe Coin price is grappling with substantial bearishness, and it has crashed below the 50-day Exponential Moving Average (EMA) on the daily chart. This crash happened after the coin formed a doji candlestick chart pattern on December 9 when it hit a record high. A doji is a reversal candle made up of a small body and long upper and lower shadow, Pepe price is now slowly forming a bearish flag chart pattern, a common continuation sign. This pattern has a long vertical line that resembles a flag pole. A small rectangle-like consolidation follows it, often resulting in a strong bearish breakout. If this happens, the coin will likely drop to $0.00001437, its lowest level last week. The Pepe Coin price will then drop to the following key support level: $0.00001190, its highest on September 29, about 35% below the current level. The risk of further downside is that the coin formed a double-top chart pattern at $0.00002563 and a few false breakouts, which pushed it to a record high. Conversely, a move above the resistance at $0.000020, its highest level on December 21 and slightly higher than the 50-day moving average, will cancel the bearish flag pattern and lead to more gains, potentially to the double-top pattern at $0.00002563. Pepe Coin Price Pepe Futures Open Interest Has Crashed One factor that could emphasize the bearish Pepe coin price forecast is that futures open interest has crashed hard in the past few days. This interest peaked at $359 million earlier this month when the coin peaked at an all-time high. Pepe’s interest has now dropped to over $123 million, its lowest level since November 4. Futures interest is a crucial data that looks at unfilled orders. In some instances, a sharp crash in these orders can be a sign of waning demand. However, in other cases, a low interest can lead to more gains, as we saw on November 5 when it dropped to $108 million. Pepe Open Interest Pepe price sell-off will likely accelerate if Bitcoin price continues its recent sell-off. Historically, most altcoins have followed the price of Bitcoin, as we experienced last week when most of them plunged as BTC retreated below $100,000 . The post Rare Pepe Coin Price Pattern Hints 35% Crash appeared first on CoinGape .

Musk the Manipulator could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Musk the Manipulator (MUSKMANI), a Solana memecoin launched today, is set to explode over 14,000% in price in the coming days. This is because MUSKMANI is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Musk the Manipulator can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Musk the Manipulator could become the next viral memecoin. Musk the Manipulator launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Musk the Manipulator on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Musk the Manipulator by entering its contract address – DZpfk5LaLrnP6vSFJnLSMAopUuTJGiFk7543rQxh4ids – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKMANI. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

Binance has announced the launch of the Bio Protocol (BIO) coin. Farming for BIO will start on December 24, 2024, for ten days. Continue Reading: Binance Launches Bio Protocol Coin and Announces Farming Details The post Binance Launches Bio Protocol Coin and Announces Farming Details appeared first on COINTURK NEWS .

Trading since Wednesday , December 18, proved an uncomfortable reminder of the persistent volatility – perhaps even fragility – of even the strongest cryptocurrency bull runs. Despite the significant downturn that is, by press time on December 23, proving difficult to shake off, few investors and analysts believe that digital assets have topped this cycle and, indeed, most now look to the coming weeks and months for a renewed rally. Technical analysis ( TA ), as applied to Stellar ( XLM ) by the popular on-chain expert Ali Martinez, appears to back the mid and long-term optimism, and the token might, in fact, be poised for an imminent upswing. XLM chart showing the TD Sequential buy signal. Source: Ali Martinez Why XLM is poised for a rally Specifically, in a December 22 X post, Martinez explained that a technical analysis tool called TD Sequential is sending a buy signal for XLM, offering a chance for a rebound toward – and possibly beyond – the recent highs near $0.55. TD Sequential is used to gauge whether the current trend will persist or experience a reversal based on the historical performance of the asset. Martinez, however, added that there is a prerequisite for such a rally – a sustained holding above the critical support zone at $0.33. Fortunately for Stellar bulls, the token is trading somewhat comfortably above the level with XLM price today of $0.35977. XLM 7-day price chart. Source: Finbold Why an imminent XLM rally is not guaranteed Still, it is worth pointing out that the sum of the many technical analysis tools and indicators is not yet decisively bullish on Stellar. For example, the relative strength index ( RSI ), despite being on the optimistic side, remains relatively neutral at 43.78. Some tools – such as the volume-weighted moving average (VWMA) and the Hull moving average – remain fixed on the ‘sell’ side. Ultimately, despite TD Sequential’s ‘buy’ flash, XLM’s true test is yet to come as the token approaches its nearest resistance level near $0.38 – an uncertain prospect at press time as the last 24 hours of trading led to a 2.07% price decline. Featured image via Shutterstock The post Stellar (XLM) set for an imminent rally appeared first on Finbold .

As cryptocurrency markets gear up for a transformative 2025, a pro-crypto US Congress and global regulatory shifts are set to catalyze remarkable growth. With a burgeoning interest in Bitcoin, Ethereum,

Tron founder Justin Sun has made significant Ethereum sales amid a sharp downturn in the cryptocurrency’s price. Over the past seven days, Sun has sold 50% of his Ethereum holdings, valued at approximately $143 million, following Ethereum’s rejection at the $4,000 level. Blockchain analytics platform Spot On Chain reported that Sun recently redeemed 39,999 ETH from liquid staking platforms like Lido Finance and EtherFi. These funds were subsequently deposited into HTX, fueling speculation about his strategy. Justin Sun’s recent market activity has added to Ethereum’s (ETH) woes this week. The coin has shed 17% in the last seven days and is trading at $3,304. Analysts are predicting further declines below the $3,000 mark in the coming days. Sun’s Ethereum liquidation strategy: Profits or losses? According to Spot On Chain, since November 10, Sun has offloaded a total of 108,919 ETH, worth $400 million, at an average price of $3,674 per ETH. Many of his transactions have occurred near local market highs, which shows that the Tron founder is executing a calculated profit-taking approach. 🚨 Over the past 7 days, Justin Sun ( @justinsuntron ) redeemed 39,999 $ETH ($143M) from Lido Finance and Etherfi and deposited it all to #HTX . 🔄💰 pic.twitter.com/pUSDQgZtRC — SmartWhalesAI (@SmartwhalesAI) December 23, 2024 Moreover, reports indicate Sun is unstaking an additional 42,904 ETH, valued at $139 million, from Lido Finance. This could lead to further selling pressure in the days ahead. Between February and August 2024, Sun spent an estimated $1.19 billion to accumulate 392,474 ETH, distributed across three separate wallets. Despite the recent sell-offs, his holdings have yielded a 29% return on investment, translating to a profit of approximately $349 million. Market sentiment and price movement Ethereum’s price action has reflected bearish sentiment across the broader cryptocurrency market. Over the past 24 hours, ETH has declined an additional 2.19%, with trading volume dropping by 8.57%. Prominent crypto analyst IncomeSharks attributed the sluggish activity to a “low volume weekend” and heightened stock market volatility. Despite this, the On-Balance Volume (OBV) indicator suggests that recent buyers are still in profit and providing some price support. Source: TradingView However, the overall market outlook remains pessimistic, particularly with large holders like Sun continuing to sell. Analysts note that this could exacerbate downward pressure on Ethereum’s price, especially if key support levels are breached. Technical analysis highlights bearish and bullish scenarios Ethereum is navigating a critical phase as 2024 draws to a close. The cryptocurrency reached an annual high of $4,101 earlier this year but has since fallen below pivotal thresholds. ETH is currently trading below the $3,500 mark and the 100-hourly simple moving average (SMA), with technical insights pointing to a short-term bearish trend . Per recent analysis from TradingView, resistance levels at $3,420 and $3,500 are pivotal for a potential recovery, while key support levels include $3,200, $3,120, and the psychologically significant $3,000 mark. A break below $3,000 could accelerate the bearish momentum, while a successful climb above $3,420 might set the stage for further gains toward $3,650. Source: TradingView Amid the bearish signals, some analysts see a glimmer of optimism. ‘I am Crypto Wolf,’ a notable crypto analyst, highlighted the potential formation of an inverse head-and-shoulders (iHS) pattern on Ethereum’s price chart. According to this outlook, the cryptocurrency could experience a bullish continuation if the pattern is completed successfully. Source: TradingView Additionally, Ethereum continues to attract institutional interest, particularly through exchange-traded fund (ETF) products, which could mean the market is optimistic about a price rally in the near future. Recent data shows that in the last trading week, running from December 16 to 20, total net ETH ETF inflows hit $62.73 million, adding to a positive momentum for four consecutive weeks. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Justin Sun has redeemed 39,999 ETH from Lido Finance and Etherfi. The $143 million worth of ETH was transferred to HTX crypto exchange. Since November 10th, Sun has offloaded 108,919 ETH. Justin Sun, the founder of the Tron blockchain, has moved his Ether (ETH) holdings from various platforms to crypto exchange HTX (formerly Huobi). Sun serves as an advisor to the exchange. In the last seven days, Sun withdrew 39,999 ETH (worth around $143 million) from staking protocols Lido Finance and Etherfi and moved all of it to HTX. As Sun shared in a post on X (formerly Twitter), since November 10, when the price of ETH rose substantially, Sun has sold a massive 108,919 ETH (worth approximately $400 million) to HTX at an average price of $3,674 per coin. These transfers took place near local peaks, suggesting that Sun profited on his investments. Ever since Ethereum began its upward trend, Sun has sold a portion of his ETH holdings. Currently, the crypto entrepreneur has a sizeable 42,904 ETH (valued at $139 million) being removed from Lido Finance, which might be sent to HTX in the near future. According to CoinMarketCap data , Ethereum has fallen below the $3,… The post Justin Sun’s ETH Transfer to HTX Sparks Market Speculation appeared first on Coin Edition .

Hyperliquid’s native token, HYPE, which had been on an upward trend over the past few days, experienced a 20% price dip today, trading at $26.54, while its market cap dropped below $9 billion. Hyperliquid (HYPE) surged to a record high…

Hyperliquid’s native token, HYPE, which had been on an upward trend over the past few days, experienced a 20% price dip today, trading at $26.54, while its market cap dropped below $9 billion. Hyperliquid ( HYPE ) surged to a record high of $34.96 on Dec. 22, rising from its airdrop listing price of $11 and achieving nearly 200% cumulative gains. Its market cap surpassed $11.5 billion at the time, securing a spot among the top 20 coins by market cap, according to CoinGecko. Launched in June 2023, Hyperliquid DEX has gained traction due to its innovative approach to eliminating gas fees for transactions. The platform offers low fees on perpetual contracts and trade openings, with the revenue reinvested into the ecosystem through token buybacks or by supporting ecosystem vaults. HYPE’s price rallied after one of the most highly anticipated token airdrops of the year. Hyperliquid distributed 310 million tokens to its users, marking the largest airdrop in crypto history. However, the altcoin’s price has faced a setback due to growing concerns within its community, making HYPE the top trending coin on CoinGecko. HYPE dropped by 26% from its all-time high reached yesterday, hitting an intraday low of $25.77 on De. 23. The slump brought its market cap down to $8.87 billion, making it the 23rd largest crypto asset at press time. You might also like: Happy Cat, Hyperliquid, Virtuals lead as Bitcoin steadies above $100k Why did HYPE tank? HYPE’s price dropped after community members noticed that a major whale, identified as X user laurentzeimes, began selling over 1 million HYPE tokens. The sales were executed using Hyperliquid DEX’s TWAP (Time-Weighted Average Price) mechanism, which splits large orders into smaller transactions over a set period to minimize slippage. So far, within the ongoing TWAP execution, the whale has sold 175,000 tokens. The whale sell-off coincided with concerns over North Korean hackers actively trading on the platform, with cybersecurity expert Tayvano speculating in an X post that this activity might be an attempt to test a vulnerability in Hyperliquid’s security. The expert noted that the issue is especially alarming given that Hyperliquid operates with only four validators, raising further concerns. Following the discovery, Hyperliquid has experienced over $42 million in USDC outflows — its largest since launch — likely exacerbating HYPE’s price plunge per data from Dune Analytics. However, analysts remain optimistic despite the recent hiccups, predicting that HYPE could resume its climb and potentially reach a new all-time high. In a Dec. 23 post , analyst CJ, with 92.8k followers, expressed a bullish outlook for HYPE, suggesting it could climb towards a $40 target if it breaks above the key $30–$32 resistance level. He noted that while the short-term trend may appear bearish, a drop to $18–$22 could offer traders a strong buying opportunity. However, CJ added that if HYPE’s price rebounds to around $32.3 in the coming days, it would invalidate his prediction. Previously, crypto.news analysts predicted a similar price target, stating that HYPE needs to rise above its all-time high of $34.8 to confirm a bullish breakout, potentially reaching $40. This outlook is supported by Hyperliquid’s strong performance in the DeFi sector, where it leads the decentralized perpetual trading market with a weekly trading volume that peaked at $98.6 billion last week and a TVL that recently surpassed $3.4 billion for the first time this month, up from $188 million in October. Read more: Bitcoin price is still undervalued, MVRV indicator shows

Cardano (ADA) experienced extremely low volatility on Sunday as the market stabilized after a rough week. ADA saw a significant 15% drop in value over the past seven days. However, recent price movements suggest a potential bullish reversal despite this decline. ADA has rebounded after testing a major support level around $0.80 , reigniting optimism among analysts. Popular crypto analyst Ali Martinez shared his views on ADA’s future trajectory following this week’s pullback, noting the current market scenario reflects the 2020 bull cycle. “ADA is following an eerily similar pattern to its previous cycle. Back in 2020, the first major correction after the bull rally began happened at the very same time as the correction we are experiencing today.” He tweeted Sunday, predicting the price could surge to “$6 next”. Notably, in January, the pundit pointed out the same pattern, noting that if history repeats itself, ADA could surge to $7. Elsewhere analyst “Liqprodigy” highlighted the recent appearance of a potential double bottom pattern on ADA’s weekly chart, which often signals a shift from a downtrend to an uptrend. “ ADA 1week chart has broken out from double bottom pattern & is now retesting the green horizontal line. Once we get a bounce back from the horizontal line, we can see huge pumps,” he tweeted, pointing to a target of $3 if it successfully rebounds from this key level. Notably, Michaël van de Poppe, an analyst with over 750,000 followers on X, also sees ADA’s price potentially stabilizing around $0.75, calling it the “ most optimal entry level for ADA if the markets are experiencing a broader correction.” In a recent post, van de Poppe shared his expectation for ADA to reach a new all-time high next year. Key technical indicators, including the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) crossing above the 50 level, also show bullish signals, further fueling optimism. Additionally, whale activity plays a key role in ADA’s market movements. Over the past month, ADA whales have accumulated hundreds of millions of tokens, as highlighted by analyst Ali Martinez in several posts on X. Similarly, analyst “Givesfux” observed a surge in whale transactions this week, noting on Tuesday, “Despite the pullback, whales are on the move—687 transactions over $1M in the last 24 hours. Historically, whale activity = bullish sentiment.” This suggests that large investors remain confident in Cardano’s long-term potential, which could support future price growth. ADA traded at $0.91 at press time, reflecting a 4.27% increase in the past 24 hours.

Bitcoin (BTC) could face further downward pressure in the coming weeks, presenting a potential “dip buying” opportunity for long-term investors, according to Andre Dragosch, European Director and Head of Research at Bitwise Asset Management. Bitcoin Faces More Turbulence After Biggest Weekly Drop Since August, Experts Warn Bitcoin, the world’s largest cryptocurrency by market value, fell 8.8% last week to around $95,000, marking its steepest decline since August, amid hawkish signals from the Federal Reserve. The Fed’s statement, which included fewer rate cuts planned for 2025 and a reaffirmation of the ban on BTC holdings, contributed to a broad risk-off sentiment in the markets. Traditional financial assets were also affected, with the S&P 500 losing 2% while the dollar index rose 0.8% to its highest level since October 2022. Treasury yields rose sharply, with the 10-year note gaining 14 basis points, signaling higher borrowing costs and increasing the appeal of fixed-income investments over riskier assets such as cryptocurrencies. Dragosch, who is known for correctly predicting that BTC would rise above $100,000 in the summer, has become cautious, citing tightening financial conditions and a resurgence of inflationary pressures. “While further pain is likely in the short term, given Bitcoin’s supply shortages and ongoing structural tailwinds, this could represent an intriguing buying opportunity.” Despite the short-term negativity, Dragosch remains optimistic about Bitcoin's long-term prospects. BTC’s fixed supply cap and growing adoption as a store of value could position it as a strong hedge against monetary instability. *This is not investment advice. Continue Reading: A New Warning Came From the Expert Who Correctly Predicted Bitcoin Will Exceed $100,000! Here Are the Details

El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin ( BTC ) reserve, El Salvador’s Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country’s everlasting dedication to the original cryptocurrency. https://twitter.com/WatcherGuru/status/1871032479596810282 On Dec. 19, 2024, shortly after obtaining a $1.4 billion loan from the International Monetary Fund , El Salvador made headlines once more when it bought 11 BTC, valued at over $1 million. This action demonstrates the nation’s audacious BTC strategy despite outside criticism. The criticism primarily comes from traditional financial institutions and economists , who have expressed concerns about the risks of BTC’s volatility and its impact on the country’s financial stability. El Salvador became the first nation to accept BTC as legal tender in September 2021, making history in the process. Although contentious, this ruling signaled a shift in the nation’s stance on cryptocurrencies. BTC has been a major part of the nation’s financial scene in recent years. Cryptocurrency has become a part of daily life, from government-backed BTC ATMs to its growing use in enterprises. However, this approach has faced skepticism, particularly from global financial entities like the IMF, which has imposed conditions on the country’s financial strategy. The terms of the recent $1.4 billion IMF loan, which was signed on Dec. 18, 2024, affect the nation’s cryptocurrency policy, one of which is to impose a ban on cryptocurrency transactions. Furthermore, companies are no longer obligated to take cryptocurrencies, and taxes may only be handled in US dollars. In addition, the IMF has ordered El Salvador’s government to stop using the Chivo wallet , a state-backed cryptocurrency wallet that was first made available in 2021. This wallet was a component of El Salvador’s larger initiative to incorporate BTC into the country’s financial system, enabling companies and residents to use cryptocurrencies to access government services and perform transactions. You might also like: El Salvador to discontinue Bitcoin wallet Chivo in $1.4b IMF deal IMF loans frequently have terms that have a direct impact on a country’s financial and economic choices. The purpose of these requirements is to guarantee financial restraint and conformity to global financial norms. Certain independent financial practices, like the usage of cryptocurrencies, may have to be abandoned or restricted by the loan arrangement. Because of the IMF’s pressure on nations to adopt more conventional monetary practices—like depending on central banks and national currencies—instead of decentralized digital currencies, these loan terms usually lead to a loss of financial sovereignty. But it seems like El Salvador is not going to back down. The government is still giving priority to cryptocurrencies despite the IMF’s restrictions. The nation’s National Bitcoin Office, established in 2021 as a key part of the country’s BTC strategy, reaffirmed its commitment to its long-term BTC plan and stated that no BTC from its reserves will be sold. https://twitter.com/bitcoinofficesv/status/1869899405391999015 El Salvador now has 5,995 BTC in its possession, which is worth around $569.5 million at the time of writing. Their overall reserves are now close to 6,000 BTC after the most recent acquisition of 11 BTC. Approximately $97,000 is the average purchasing price per BTC in the nation. The nation’s dedication to BTC as a long-term investment is demonstrated by recent statistics from its portfolio: Total BTC Holdings: Over $572 million, or around 5,995 BTC. Impact of BTC Price: Due to volatility, the portfolio recently had a $6.08 million decline, which is equivalent to a small decline of $1.02K per BTC. Source: Arkham The balance history graph shows a general upward trend in the value of the reserves, demonstrating steady long-term growth despite transient fluctuations. Notably, 2024 saw a notable increase that began in the middle of the year and continued to rise consistently until December to correspond with the new IMF agreement and the nation’s ongoing BTC purchases. Even in the face of worldwide criticism, El Salvador shows a clear and calculated strategy for maintaining its cryptocurrency holdings by utilizing such strong financial tracking systems. El Salvador has demonstrated its support for the cryptocurrency sector by recognizing its potential to promote financial independence and lessen dependency on global financial institutions. El Salvador’s position is unwavering in the face of obstacles, such as pressure from the IMF . The country’s BTC tree for Christmas 2024 portends a day when cryptocurrencies will not only be embraced but also play a significant role in the nation’s financial destiny. You might also like: Bitget secures Bitcoin service provider license in El Salvador

El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC) reserve, El Salvador’s Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country’s everlasting dedication to the original cryptocurrency. On Dec.…

Vilnius, Lithuania, December 23rd, 2024, Chainwire BingX , a global leading cryptocurrency exchange, has expanded its fiat deposit options with the launch of the SEPA and SEPA Instant payment services for euro deposits. By introducing these new fiat payment options, BingX enables real-time euro deposits at no cost, further streamlining the trading experience for its expanding user base. The Single Euro Payments Area (SEPA) allows BingX users to make seamless euro payments, including credit transfers and direct debits, across the European Union and several non-EU countries, all in a fast, secure, and efficient manner. As an extension of the SEPA network, SEPA Instant is the preferred payment method for euro transactions. While SEPA transfers typically take 1-2 business days, SEPA Instant enables deposits to be processed instantly, even on holidays. By integrating SEPA Instant, BingX ensures its users can enjoy unparalleled speed and convenience in funding their accounts, without any transaction fees. The addition of SEPA Instant brings numerous benefits for BingX users. Traders can now instantly react to market opportunities by immediately funding their accounts if need be. The elimination of these deposit fees offers a cost advantage compared to competing platforms. "Our users deserve efficient and cost-effective solutions," said Vivien Lin , Chief Product Officer of BingX. "By introducing SEPA Instant, we're eliminating delays and fees associated with euro deposits, offering a real-time funding experience. This on-ramp upgrade reflects our ongoing dedication to improving the accessibility and convenience of cryptocurrency trading. Looking ahead, we continue to innovate and expand our services to meet the evolving needs of our global user base, ensuring that they can trade with confidence, speed, and ease, no matter where they are in the world." About BingX Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking a debut in the world of sports. For media inquiries: media@bingx.com For more information users can visit: https://bingx.com/ ContactBingXmedia@bingx.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Vilnius, Lithuania, December 23rd, 2024, Chainwire BingX , a global leading cryptocurrency exchange, has expanded its fiat deposit options with the launch of the SEPA and SEPA Instant payment services for euro deposits. By introducing these new fiat payment options, BingX enables real-time euro deposits at no cost, further streamlining the trading experience for its expanding user base. The Single Euro Payments Area (SEPA) allows BingX users to make seamless euro payments, including credit transfers and direct debits, across the European Union and several non-EU countries, all in a fast, secure, and efficient manner. As an extension of the SEPA network, SEPA Instant is the preferred payment method for euro transactions. While SEPA transfers typically take 1-2 business days, SEPA Instant enables deposits to be processed instantly, even on holidays. By integrating SEPA Instant, BingX ensures its users can enjoy unparalleled speed and convenience in funding their accounts, without any transaction fees. The addition of SEPA Instant brings numerous benefits for BingX users. Traders can now instantly react to market opportunities by immediately funding their accounts if need be. The elimination of these deposit fees offers a cost advantage compared to competing platforms. “Our users deserve efficient and cost-effective solutions,” said Vivien Lin , Chief Product Officer of BingX. “By introducing SEPA Instant, we’re eliminating delays and fees associated with euro deposits, offering a real-time funding experience. This on-ramp upgrade reflects our ongoing dedication to improving the accessibility and convenience of cryptocurrency trading. Looking ahead, we continue to innovate and expand our services to meet the evolving needs of our global user base, ensuring that they can trade with confidence, speed, and ease, no matter where they are in the world.” About BingX Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking a debut in the world of sports. For media inquiries: media@bingx.com For more information users can visit: https://bingx.com/ Contact BingX media@bingx.com

Up to this point, 2024 has been rather kind in terms of returns — not to mention the start of the cryptocurrency bull run and the S&P 500 at all-time highs (ATHs), but it is simply the nature of the markets to wax and wane. No uptrend or downtrend lasts forever — and being able to correctly identify that shift is a skill that can net immense profit — or prevent huge losses. It comes as little surprise that investors tend to turn to the experts when it comes to this topic. Although most market analysts are optimistic, one of the most notable dissenting voices is Robert Kiyosaki — author of the bestselling personal finance book ‘Rich Dad Poor Dad’. A noted cryptocurrency and precious metal bull , Kiyosaki has had a slight tone of change recently — now, he expects to see a market-wide crash on a global scale. Robert Kiyosaki turns bearish — but still optimistic on gold and BTC Reflecting on recent events, Kiyosaki claimed that the crash had already started — citing Europe, China, and the United States as regions facing downturns in a December 23 post made on social media platform X. Global crash has started. Europe, China. USA going down . Depression ahead? Please be smarter with your money. Hang on to your job and your money. Biggest problem are our leaders and educators. As I have often asked “What did school teach you about money?” Regardless of… — Robert Kiyosaki (@theRealKiyosaki) December 23, 2024 He urged investors to be smart with their money and keep their jobs — adding that crashes are the best time to get richer for many people. While the author and investor did not reflect on the causes of the crash, in a more far-reaching manner, he pinned the blame on educators — asking ‘What did school teach you about money?’ However, this was Kiyosaki’s most bold and notable prediction: ‘Regardless of which way the economy goes, gold, silver, and Bitcoin hold their value’. While gold and silver are proven hedges, BTC has shown an increasing correlation with the performance of traditional assets as the years go by — and there are more than enough crashes in recent memory to dispute Kiyosaki’s thesis that Bitcoin holds its value no matter what. BTC price historical chart. Source: Finbold What’s more, a crash could easily lead to large-scale BTC liquidation — with investors locking in profits and subsequently redirecting them to now-cheap equities. Is Kiyosaki right about an upcoming crash? Finally, it should be noted that the old analogy of a broken clock being right twice a day very much applies in this instance. Kiyosaki has often been accused of leveraging scaremongering tactics — he has a long history of ‘calling’ market crashes that simply fail to materialize. The S&P 500 price chart with Rober Kiyosaki’s crash predictions up to 2021. Source: @fintwit_news. Predicting market tops and subsequent reversals is such a tall order that no one has been able to do it reliably and on a consistent basis. Even the investors who have the best track record in terms of predictions tend to overshoot — or as a common joke goes, they’ve predicted 20 out of the last 4 crashes. That’s not to say that there isn’t value in Kiyosaki’s line of reasoning — allocating a certain portion of holdings to defensive stocks, hedges like gold and silver, and even diversifying into digital assets like Bitcoin can serve to reduce risk — provided that it is done sensibly. Disclaimer: The featured image in this article is for illustrative purposes only and may not accurately reflect the true likeness of the individuals depicted. The post Robert Kiyosaki warns ‘Global crash has started’ appeared first on Finbold .

Vilnius, Lithuania, December 23rd, 2024, Chainwire BingX , a global leading cryptocurrency exchange, has expanded its fiat deposit options with the launch of the SEPA and SEPA Instant payment services for euro deposits. By introducing these new fiat payment options, BingX enables real-time euro deposits at no cost, further streamlining the trading experience for its expanding user base. The Single Euro Payments Area (SEPA) allows BingX users to make seamless euro payments, including credit transfers and direct debits, across the European Union and several non-EU countries, all in a fast, secure, and efficient manner. As an extension of the SEPA network, SEPA Instant is the preferred payment method for euro transactions. While SEPA transfers typically take 1-2 business days, SEPA Instant enables deposits to be processed instantly, even on holidays. By integrating SEPA Instant, BingX ensures its users can enjoy unparalleled speed and convenience in funding their accounts, without any transaction fees. The addition of SEPA Instant brings numerous benefits for BingX users. Traders can now instantly react to market opportunities by immediately funding their accounts if need be. The elimination of these deposit fees offers a cost advantage compared to competing platforms. “Our users deserve efficient and cost-effective solutions,” said Vivien Lin , Chief Product Officer of BingX. “By introducing SEPA Instant, we’re eliminating delays and fees associated with euro deposits, offering a real-time funding experience. This on-ramp upgrade reflects our ongoing dedication to improving the accessibility and convenience of cryptocurrency trading. Looking ahead, we continue to innovate and expand our services to meet the evolving needs of our global user base, ensuring that they can trade with confidence, speed, and ease, no matter where they are in the world.” About BingX Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking a debut in the world of sports. For media inquiries: media@bingx.com For more information users can visit: https://bingx.com/ Contact BingX media@bingx.com

On December 23rd, Binance Launchpool is set to unveil its **63rd project**, **Bio Protocol (BIO)**, marking a significant milestone in the **decentralized science (DeSci)** sector. This innovative project aims to

The concerns over meme coin season have increased, as witnessed by the volatile trading with many top coins like DOGE, SHIB, WIF, and others, continuing their declines today. Meanwhile, the decline comes amid a gloomy sentiment noted in the broader crypto market, indicating a shifting market focus. Besides, a recent Santiment report showed that the market interest appears to be shifting from the meme space, sparking concerns that the meme season is over. DOGE, SHIB, WIF, & Other Meme Coins Slip Top meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), dogwifhat (WIF), and others have continued their declines over the past week. Amid this, Santiment highlighted a new trend which indicates that the market enthusiasts are shifting their focus from the sector to other altcoins. For context, in a recent X post, Santiment revealed a significant shift in crypto market sentiment. The report noted that investors have rapidly turned bearish over the past two weeks, which is also evidenced by the recent volatile trading scenario recorded in the broader crypto market. Meanwhile, as market corrections intensify, particularly among the top altcoins , interest in meme coins season has waned, Santiment noted. At the same time, the declining interest in the altcoins sector has resulted in increased focus on Bitcoin. Source: Santiment, X Santiment views this trend as a healthy market cycle, presenting opportunities for patient traders to capitalize on the current ‘blood in the streets’ scenario. In other words, the crypto market FUD and this recent pullback could provide a buying opportunity to investors in the coming days. How’s The Meme Coins Performing & What’s Next? The broader meme segment has recorded a decline today. So, here we explore some of the top coins and see how the crypto might perform in the coming days. Can DOGE Rally To $18? Dogecoin price today was down about 2% and exchanged hands at $0.3164, while its trading volume plunged 24% to $4.16 billion. Notably, the crypto has touched a high of $0.324 and a low of $0.3033 in the last 24 hours. Furthermore, DOGE Futures Open Interest declined 6% to $1.95 billion, CoinGlass data showed. Despite that, top crypto market analyst Ali Martinez recently shared a bullish forecast for DOGE. In a recent X post, Martinez cited Dogecoin’s historical run and said that the crypto could rally to $18 ahead, “If history repeats.” Source: Ali Martinez, X Shiba Inu (SHIB), WIF, & Other Meme Coins Shiba Inu price today was down over 1% to $0.00002183, and its one-day trading volume plummeted 23% to $678.92 million. However, the recent Shibburn data showed a spike of 404% in the Shiba Inu burn rate over the last 24 hours, indicating a bullish momentum ahead. For context, the token burns help in reducing the supply of the tokens, which in turn could boost the asset’s price. Source: Shibburn In addition, popular market expert Dollars Maker in a TradingView analysis said that SHIB could rally 235% ahead to $0.00005816. Besides, a recent Shiba Inu price analysis showed that the coin could target the $0.000025 resistance ahead if bullish momentum builds. On the other hand, WIF price declined over 2% to $1.93, after soaring past the $4 mark in early December. However, despite the decline a recent analysis from Rose Premium Signals indicates that the top Solana meme coin could hit the $6.4 mark ahead, sparking market optimism. Meanwhile, some of the coins in the sector have maintained their position in the green despite the recent downturn. For context, PEPE and PENGU were up about 1% and 2%, respectively, indicating that the meme coin season is not yet over. The post DOGE, SHIB, WIF, & Others Slip, Is Meme Coin Season Over? appeared first on CoinGape .

As Dogecoin ( DOGE ) struggles with short-term bearish sentiments, historical price movements and technical indicators suggest the top meme coin might be poised for another parabolic rally. This outlook comes from renowned cryptocurrency trading expert Ali Martinez, who drew parallels between Dogecoin’s 2017 and 2021 movements, hinting at explosive growth after significant retracements, as shared in an X post on December 23. Back in 2017, Dogecoin surged 212%, followed by a 40% retracement, before embarking on a 5,000% rally. Similarly, in 2021, DOGE climbed 476%, retraced by 56%, and soared by 12,000% to reach its all-time high. Dogecoin price analysis chart. Source: TradigView/Ali_charts The same pattern appears to be replicating in 2024, with the meme coin surging 440% before undergoing a 46% retracement, closely mirroring its previous cycles. According to Martinez’s analysis, this setup could signal the beginning of another parabolic move for Dogecoin. “Now, in 2024, DOGE is up 440% and has retraced by 46%. If history repeats, another parabolic rally is on the way,” Martinez said. Indeed, Dogecoin’s price has been confined within an ascending channel, a pattern often preceding major rallies. A breakout above the channel could signal a bullish reversal and trigger a parabolic rally. DOGE’s $0.70 price target In another X post on December 21, cryptocurrency trading analyst Javon Marks also highlighted that historical patterns could hint at another DOGE rally. The analyst noted the recent pullback mirrors price movements from 2020, when DOGE broke through descending resistance patterns, consolidated briefly, and surged over 122%, achieving more than double gains. Dogecoin price analysis chart. Source: TradigView The anticipated target for this rally is $0.73905, suggesting Dogecoin could revisit and surpass its all-time high. Besides the technical setup, Dogecoin’s potential to rally is also guided by fundamental factors, with Tesla (NASDAQ: TSLA ) CEO Elon Musk’s influence remaining a key element. Musk’s commentary on Dogecoin has been influential, and the possibility of a rally could coincide with his official appointment as the head of the Department of Government Efficiency (DOGE) in January 2025. Additionally, DOGE has recently seen an increase in whale accumulation , reinforcing confidence in the asset. Historically, such transactions have preceded major price rallies. DOGE price analysis At press time, DOGE was valued at $0.31, showing weakness on the daily and weekly timeframes, dropping 0.40% and 21%, respectively. DOGE seven-day price chart. Source: Finbold Amid the current correction, Dogecoin’s technical setup suggests a possible downside in the short term. The coin is trading below its 50-day simple moving average ( SMA ) of $0.360157, reinforcing bearish momentum. DOGE remains above its 200-day SMA, which is at $0.178915, indicating that the long-term trend may still hold bullish undertones. Interestingly, the Fear & Greed Index reflects a reading of 73, firmly in the “Greed” zone, hinting at strong market interest despite prevailing negative sentiment. In summary, as DOGE faces short-term weakness, historical patterns suggest Dogecoin could be on the verge of another explosive rally, eyeing a breakout toward the $1 mark. Featured image via Shutterstock The post Another Dogecoin (DOGE) ‘parabolic rally is on the way,’ says expert appeared first on Finbold .

In a significant development for the crypto market, Binance has announced the upcoming listing of BIO on January 3, 2025, at 18:00 UTC. This event is poised to bolster the

Over the last five days the Bitcoin ($BTC) price has generally trended downward. Currently holding just above $95,000, will this decline continue, or could we see a big recovery going into the end of this year? A perfectly normal $BTC trajectory The king of cryptocurrencies has been very much in sideways and downward mode over the last few days. In fact, the drop in price that took place over last Thursday and Friday took $BTC down to a price of $92,700, which was first seen more than a month ago. Since that time, $BTC has followed an upward tilting channel, dropping out of it during the aforementioned price dip. Given that ascending channels generally do break to the downside, Bitcoin’s trajectory over these last few weeks has been perfectly normal. Now that a bearish weekend is behind us, and the short term momentum indicators have reset, it could be that some green candles start to reverse this last downward trend. Will MicroStrategy announce another purchase on Monday? One factor that could accelerate Monday’s positive start is the possibility that MicroStrategy could announce its next BTC purchase. According to Michael Saylor’s MicroStrategy Portfolio Tracker , the green dots that record all purchases have appeared every Monday since 11 November. It would therefore be no surprise to hear of a new purchase later today. Can $BTC reenter the ascending channel? Source: TradingView The 4-hour chart shows the $BTC trajectory over recent weeks. Given that Monday has dawned brightly for $BTC, with the price up 0.80% so far, it may be that the measured move out of the channel does not take place - at least not yet. It can also be seen that the ascending trendline, that goes all the way back to the 2021 bull market double top, is being respected. It has acted as strong support so far, and this may well continue. If this last correctional phase is indeed over, the next targets for $BTC are $98,000, $100,000, and $102,000, which besides being good support/resistance levels, are also Fibonacci levels. This would take $BTC back inside the ascending channel. If the top of this channel can be attained once again, a new all-time high would be the prize. $BTC cup and handle pattern predicts $120,000 Source: TradingView Much information can be gleaned from the above 2-week chart. First of all, the ascending trendline that bisects the double top of the 2021 bull market can be clearly seen. The support that this line is giving to the current price can also be noted. Looking at the entirety of the descent into the bear market from that last top in 2021, and the consequent ascent into the current bull market, shows that a cup and handle chart pattern developed, with the handle being formed by the long 8-month bull flag. The price sprang upwards from that $69,000 base and is still potentially on the way to its measured move of $120,000. RSI could signal the next bear market The bottom of the chart contains the Relative Strength Indicator (RSI), which signals oversold or overbought conditions. This indicator has rolled over due to the recent corrective impulse, and this is currently signalling a lower low compared to the previous two tops that can be seen on the chart. However, there is a good chance that the 70.00 level could act as support. If the indicator line is showing below this level at the weekly close, then this dip is likely to continue. Looking much further out, if this indicator line does not get above the previous high of 87.00, very serious bearish divergence would come into play - probably putting an end to this bull market, and signalling the start of the next bear market. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Litecoin (LTC) merge mining is turning into a tool for both security and exposure for new tokens. A small new family of assets is emerging, aiming to repeat the success of Dogecoin (DOGE). Litecoin (LTC) merge mining is turning into both a security and a marketing tool for new tokens. A small batch of new assets are trying to ride on the fame of LTC and DOGE, while also gaining exposure from major mining pools. Binance Pool has announced the addition of three new assets to its merged mining program – LKY, PEP, and LKC. Merge mining is the process of producing other coins and tokens in each block of a minable coin. The new production does not make mining more expensive, but creates a secure new asset at virtually no extra cost. Every Litecoin block has produced DOGE for years, while ensuring cheap transactions on the Litecoin chain. In 2024, the network added BELLS, Luckycoin (LKY), Pepecoin (PEP), and Junkcoin (JKC). Additional merged mining arrives at a time when the Litecoin hashrate marked new all-time highs. LTC mining was close to 1.8 PH/s, remaining a staple for some of the large pools. The Litecoin network retained its popularity, adding some stability to the LTC market price . After the latest market drawdown, LTC traded at $103.22, recovering some of its lost ground. DOGE traded at $0.31 during the latest market drawdown. BELLS retained a level of $0.61. JKC traded around $0.22, while PEP retained the $0.0012 level. All the merged mining coins backtracked during the latest market correction. However, those assets also benefitted from the meme token frenzy. Litecoin remains the fourth largest mined coin, which has retained its influence in the crypto space. Mining has expanded in 2024, as most corporate pools reinvested in the newest ASIC, increasing the capacity for competition and growing each network’s security. Litecoin mining followed the trend of Bitcoin with constant expansion to new all-time highs as new machines come online. Binance Pool expands access to merged mining The availability of merged mining coins depends on the decision of every respective pool. Binance Pool has added payouts, though sometimes requiring the end user to provide a suitable wallet. The Binance Pool has warned that JKC, PEP, BELLS, and LKY remain unlisted, and the addition of mining opportunities does not translate into future listings. Additionally, the reward schedule for all assets are independent of the LTC earned in a block. Binance Pool solves around 10% of all Litecoin blocks. The Binance Pool started adding new merge mining assets since September, with BELLS becoming the first expansion. The trend of adding new rewards has spread to most major Litecoin mining pools. ViaBTC and F2Pool offer LKY and PEP, but have not yet added JKC. Other pools still limit their merged mining to DOGE and BELLS. Currently, Binance has announced the widest selection of merged mining assets. Scrypt mining also retains popularity, with a total of 21 minable assets. Those coins are not available for merged mining, and require different settings. The current profitability of Litecoin mining with 1 GH/s mining power is around $30 per day, based on LTC and DOGE rewards alone. Modern mining ASIC offer more than 9 GH/s, though some rely on competitive pricing. Merged mining offers a boost to lowered block rewards Merged mining may prove a valuable bonus depending on the hashrate. As large pools and miners continue to pay attention to the Litecoin network, some of those entities may have large reserves of all merged mining coins. Merged mining has also existed for Bitcoin, producing Elastos (ELA) tokens, as well as NMC, Syscoin (SYS), and FB, with different rules and proportions. Merged mining can offset some of the lowered block rewards. Litecoin’s network also remains attractive for its $0.0048 fees for regular transactions. The chain has a highly active turnover, reaching more than 78% of the LTC supply, as the asset is used to move funds between wallets. The other advantage of Litecoin is its wide reach with legacy services, dating back to the first wave of crypto expansion. LTC now awaits an eventual ETF launch, while still being used for trading, payments, and general transfers. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Summary The idea of a US Bitcoin National Reserve gained traction after Trump's July 2024 proposal and November 2024 election victory, but its implementation remains unlikely. Trump's pro-Bitcoin stance appears more like electioneering than a well-thought-out policy, conflicting with his pledge to maintain the USD reserve currency status. Establishing a Bitcoin reserve would face significant funding challenges and skepticism from mainstream financial institutions and Congress. Despite occasional bullishness, I remain cautious about Bitcoin's hype and wary of being bullish due to the speculative nature of the reserve idea. The idea of the US establishing a strategic national reserve of Bitcoin has recently attracted a lot of media attention. In this article, I will discuss my views on how this might impact Bitcoin's price. Before I begin the discussion, for readers that have not read my commentary on crypto before, I would like to showcase my crypto "credentials" with the tactical buy recommendation of Coinbase ( COIN ) in Oct 2022 during the previous crypto winter, which has since gone up by 315%. Author track record on crypto (Seeking Alpha) Now back to the discussion on the Bitcoin National Reserve. Timeline and overview Bitcoin price (StockCharts) The idea of establishing a Bitcoin National Reserve in the US is a relatively recent one. If you google for "Bitcoin reserve" before July 1, 2024, you won't find many mainstream mentions of the idea. President-elect Donald Trump first mentioned creating a "national bitcoin stockpile" on July 27, 2024 at a bitcoin conference, reportedly saying "If I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future…If we don't embrace crypto and bitcoin technology, China will, other countries will. They'll dominate, and we cannot let China dominate. They are making too much progress as it is." As shown in the above chart, this mention coincided with the trough in bitcoin (BTC-USD) prices in July 2024, which have soared since Donald Trump won the US Presidential election in November 2024. The Bitcoin Act of 2024 was also introduced on July 31, 2024 by Senator Cynthia Lummis, which proposed to establish a Strategic Bitcoin Reserve through the Treasury purchasing 1 million Bitcoins over a 5-year period and held for 20 years (unless used to retire the outstanding federal debt). Since Donald Trump won the election, momentum (or at least discussion) for establishing a Bitcoin National Reserve has snowballed: Trump has nominated David Sacks as AI and crypto czar, who is viewed as friendly towards the crypto industry. Trump has made multiple comments on crypto that were viewed positively ( example ) My Assessment of likelihood My current assessment is, despite the hype, it is unlikely the Bitcoin National Reserve will be established in any meaningful way: There may be some symbolic gesture where the Bitcoin owned by the US federal government ( currently about 200k ) is placed in a reserve; however, the federal government purchasing massive amounts of Bitcoin is probably unlikely. Based on a summary of pros and cons from the broader financial community, I personally don't find the arguments in favor of establishing a Bitcoin reserve as persuasive: Reasons supporting Bitcoin reserve My view 1. Inflation hedges against economic uncertainty and monetary instability While buying Bitcoin as an inflation hedge may make sense from an individual investor's point of view, it does not make sense from a legislative point of view. Inflation over the long run is largely due to money printing and government overspending, without addressing these root causes, proposing that the government buys bitcoin just because the government cannot balance its books doesn't sound like a strong argument to me. It's like, if a car broke down, proposing to rent a car instead of fixing it. 2. strengthen the dollar as the world's reserve currency It's not clear to me why promoting an alternative currency strengthens the dollar as the world's reserve currency. It could just as well encourage other countries to use Bitcoin and forgo the dollar. 3.exert control over bitcoin supply I'm not sure what would be achieved by the government owning 5% or 10% or 15% of all Bitcoin supply. Does having 19 million Bitcoin in circulation rather than 21 million Bitcoin in circulation somehow improve Bitcoin? By the same logic, the Federal Reserve might buy stocks just to exert control of the supply of stocks, but the stock market is doing just fine doing its own thing without such additional governmental support. Reasons against Bitcoin reserve 1. not crucial to running the economy (unlike oil reserves) This I would tend to agree with. While having mineral and resource stockpiles could be useful in times of economic crisis, stockpiling a bunch of digital tokens doesn't really do anything. If the concern were inflation, then the root cause should be addressed rather than funding a bitcoin reserve and avoiding root problems. 2.commit the state and taxpayers to backing bitcoin and create economic risks This I find some merits as well. While I can appreciate the uses of Bitcoin, does that mean the government should commit to backing it when there are so many other items on the agenda? And if the wider public has that question in mind, it may be difficult to pass actual legislation funding any Bitcoin reserve. Donald Trump's pronouncements on Bitcoin appear, in my opinion, to be telling crypto proponents what they want to hear rather than a well-thought-out policy: His initial pledge to establish a Bitcoin Strategic Stockpile in July 2024 was made at a Bitcoin conference, so it may just be electioneering and fundraising and telling the crypto crowd what they want to hear. Trump has previously made many negative comments on Bitcoin before embracing it in July 2024, e.g. in 2021 he called Bitcoin "a scam against the US Dollar". There is very little indication of what caused this change of heart. While Donald Trump has been very public and consistent about some of his policy ideas since the 1980s (e.g. getting US allies to contribute more defense spending or tariffs) and attempted to apply them during his first term as president, his change in stance on Bitcoin is relatively new and untested. This could mean even if he views Bitcoin more positively (for whatever reason), he might not push too hard for it and just make a moderate effort to placate his supporters, which might not be enough to get the Bitcoin reserve established. It contradicts with his pledge to maintain the US Dollar reserve currency status. Trump has mentioned potential massive tariffs against countries that go against the US Dollar reserve currency status. It would make no sense to expend that much effort to maintain the USD reserve currency status just to undermine it by elevating Bitcoin. Some of his points don't correspond to what is happening in reality: Trump often mentions that the US should counter China's influence in crypto while China has actually banned crypto activities in its mainland territories (allowing crypto to be conducted only in Hong Kong etc), so this type of "straw man" argument does not hold up under close scrutiny. Massive funding for something so unorthodox (purchasing 1 million Bitcoin at $100,000/each would cost $100 billion) would be relatively hard to pass in Congress. Witness in the below chart how during the Great Financial Crisis of 2008 how it took a stock market collapsing for a year before Congress would pass legislation establishing TARP. Given how we've seen in the past week the difficulty of getting run-of-the-mill stopgap spending bills through Congress, spending a hundred billion dollars purchasing Bitcoin sounds farfetched. DJIA 2008 (Online charts)

SNEK ($SNEK) and Hosky ($HOSKY) have recently been two of the biggest meme coin winners

Binance Launches Bio Protocol BIO on Launchpool ————— 💰Coin: BNB ( $BNB ) $676.80 ————— NFA.

On December 23, COINOTAG reported that Binance Alpha has unveiled its fifth batch of projects, which encompasses MGP, ZEREBRO, COOKIE, WHALES, and ORDER. Notably, the MGP token was previously highlighted

The world of cryptocurrency never sleeps. With innovation, hype, and seismic shifts in technology, the crypto space has emerged as a tantalising alternative to traditional investments. Whether you’re a die-hard Bitcoin enthusiast, a Polkadot aficionado, or someone who’s just heard whispers about the rising star Qubetics presale , one thing is clear: these projects are no longer niche. They’re the talk of the town—and for good reason. While Bitcoin and Polkadot have held the limelight for years, Qubetics ($TICS) is turning heads with its impressive milestones and bold vision. Analysts are already buzzing about its potential to disrupt markets in 2025 and beyond. So, which crypto is worth your hard-earned cash? Let’s dive into why these are the Best Coins to Join for 2025 and how they’re reshaping the investment landscape. Qubetics: Real World Asset Tokenisation and a Bold Vision for 2025 Here’s the lowdown on Qubetics: It’s not just another crypto. Qubetics is making waves with its presale success and its unique focus on Real World Asset Tokenisation (RWAT). With over 367 million $TICS tokens already sold to 11,300 holders, raising more than $7.5 million, this project is commanding attention from crypto investors hungry for the next big thing. Imagine owning a fraction of a luxury yacht, a prime piece of real estate in Manhattan, or even a rare piece of art—all without needing deep pockets or a trust fund. That’s the power of Real World Asset Tokenisation, and Qubetics is leading the charge. By turning physical assets into blockchain-based tokens, Qubetics democratises access to previously exclusive investments. Take this: a real estate developer wants to raise funds for a high-rise project. Instead of waiting for one or two big investors, they tokenize the building’s value. Individuals can then buy $TICS tokens to own a slice of that project. It’s like crowdfunding meets Wall Street but with way fewer middlemen. For businesses, this means quicker capital access. For professionals and individuals, it opens up a world of opportunities. No more being locked out of high-end investments because you’re not a millionaire. And thanks to blockchain , everything’s transparent, secure, and free of the usual headaches like excessive paperwork or delays. At $0.0342 per $TICS token during the 13th stage, the Qubetics presale is an enticing entry point. And here’s where things get wild: analysts are predicting the price to soar to $10-$15 after the mainnet launch. Let’s do some quick math. A $5,000 investment in $TICS at today’s price gets you about 146,198 tokens. At $1, you’re sitting on $146,198. At $15? You’re looking at over $2.1 million. Crazy, right? Even before the mainnet, $TICS is forecasted to hit $0.25, a 630% ROI. And that’s just the start. With analysts projecting a potential 43,711% ROI at $15 post-launch, Qubetics has investors—and sceptics—buzzing. The best part? You can still get in before the next price hike this weekend. Qubetics isn’t just a tech-savvy buzzword. It’s a community-driven project, and its current presale numbers prove that people believe in its vision. The blend of cutting-edge tokenisation tech with real-world use cases is making $TICS a hot pick among crypto enthusiasts. Add its solid presale tally, rising token price, and community support, and you’ve got one of the Best Coins to Join for 2025 . Bitcoin: The OG King of Crypto Ah, Bitcoin. Love it or hate it, there’s no denying its dominance. Launched in 2009, Bitcoin started the whole cryptocurrency revolution. For over a decade, it’s been the go-to asset for investors who want an alternative to fiat currency and gold. With a capped supply of 21 million coins, Bitcoin thrives on scarcity. Its decentralised nature and robust security make it the ultimate digital store of value. If gold is the “boomer” investment, Bitcoin is the cool millennial cousin who’s already a millionaire. Bitcoin’s appeal is simple: it’s decentralised, untouchable by governments, and has massive mainstream adoption. From Tesla accepting Bitcoin (at least for a while) to El Salvador making it legal tender, this crypto OG continues to stay relevant. If you’re looking for a safe bet in the wild world of crypto, Bitcoin is a no-brainer. But with its high price tag, newcomers might find it less appealing than rising stars like Qubetics. Polkadot: Connecting the Dots of Blockchain Polkadot isn’t just a cute name. It’s a powerhouse blockchain that solves a huge problem: interoperability. In simple terms, Polkadot allows different blockchains to talk to each other. Launched in 2020, it’s already a fan favourite for developers and investors alike. Think of blockchains like islands. Bitcoin, Ethereum, Solana—they’re all doing their thing, but they don’t exactly communicate. Polkadot builds bridges between these islands, enabling seamless data and asset transfers across chains. This opens up endless possibilities for decentralised apps (dApps) and cross-chain projects. Its native token, DOT, plays a crucial role in governance, staking, and bonding. In plain English, owning DOT lets you influence Polkadot’s future while earning rewards through staking. Polkadot’s ecosystem is thriving, with parachains (custom blockchains) being added at a rapid pace. Developers love its flexibility, and investors are drawn to its innovative approach. If Bitcoin is digital gold and Qubetics is the tokenisation pioneer, Polkadot is the blockchain whisperer, uniting fragmented networks. Conclusion: Why Qubetics, Bitcoin, and Polkadot Are the Best Coins to Join for 2025 So, what’s the takeaway here? If you’re scouting for the Best Coins to Join for 2025 , all three projects—Qubetics, Bitcoin, and Polkadot—deserve your attention. Bitcoin offers stability and legacy status. Polkadot is the tech-savvy connector solving real blockchain problems. But Qubetics? It’s the dark horse poised for explosive growth, thanks to its Real World Asset Tokenisation and record-breaking presale. Want to make 2025 your breakout year? Don’t wait on the sidelines. With $TICS tokens priced at $0.0342 and a price hike looming, now’s your chance to jump in. The Qubetics presale is your golden ticket to a potential financial windfall. Let’s be real: opportunities like this don’t come around every day. Ready to join the revolution? Head over to the Qubetics presale and grab your $TICS tokens today! For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics The post Qubetics Changing the Game: Best Coins to Join for 2025 Include Bitcoin and Polkadot appeared first on TheCoinrise.com .

US-based crypto exchange Coinbase says there will be five main trends to watch in the digital asset markets next year. In a new “Crypto Market Outlook” report, Coinbase starts its list with stablecoins, saying that they’re “just getting started” after the sector’s explosive growth in 2024. Coinbase says stablecoins are crypto’s “killer app” and their use case will soon expand beyond simple trading. “As stablecoins continue their surge, we are rapidly approaching the day when their first and primary use cases will be global capital flows and commerce, rather than trading.” Next on the list is the tokenization of real-world assets (RWAs), which Coinbase says will emerge as a cornerstone of the current crypto market cycle in 2025. “Firms are experimenting with using tokenized assets as collateral for other financial transactions, like those involving derivatives, which could streamline operations and mitigate risk. Moreover, the RWA trend is expanding beyond assets like US Treasuries and money market funds – finding traction with private credit, commodities, corporate bonds, real estate, and insurance as well.” The third area to watch, according to Coinbase, is the exchange-traded fund (ETF) space. Coinbase says it expects institutional interest to remain concentrated within a select few crypto ETFs. The crypto exchange is also interested in potential rule changes that regulators could make, like allowing ETF products to incorporate staking or in-kind redemptions. Next up is decentralized finance (DeFi). Coinbase says DeFi will witness a “resurgence” that will propel it into a new era and extend its reach. “Decentralized finance (DeFi) took some hits in the previous cycle, but a more sustainable and resilient ecosystem has emerged. Lending protocols are hitting all-time highs in total value locked (TVL), while decentralized exchanges (DEXs) are pushing their share of trading volumes – relative to centralized exchanges (CEXs) – to unprecedented levels.” The fifth area in crypto markets Coinbase says to watch is the regulatory climate, which the exchange says is due for a major shift that boosts the industry. Coinbase says that a pro-crypto majority in both the House and Senate will be a tailwind for crypto in 2025. “Specifically, we expect to see the establishment of a comprehensive regulatory framework in the US, the introduction of sound stablecoin legislation, and an end to the era of regulation by enforcement. And the US isn’t the only jurisdiction poised to make regulatory progress. Many G20 countries and major financial hubs are writing rules to accommodate digital assets, which should help create more conducive environments for innovation and growth. Taken together, these moves can open the door for more people and institutions to confidently participate in the crypto economy.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Coinbase Says There Are Five Key Areas of the Crypto Market To Watch in 2025 appeared first on The Daily Hodl .

Bitcoin surged to nearly $110,000 after Trump's re-election as President. The Fed's policies and volatility are influencing investor behavior in the crypto market. Continue Reading: Bitcoin Experiences Unprecedented Rise Following Trump’s Re-election The post Bitcoin Experiences Unprecedented Rise Following Trump’s Re-election appeared first on COINTURK NEWS .

Ripple Vs SEC Lawsuit: On the fourth anniversary of US Securities and Exchange Commission v. Ripple Labs Inc (SEC v. Ripple), Chief Legal Officer (CLO) Stuart Alderoty has publicly called for its end. He called for the incoming Donald Trump administration to address damages done by former SEC official William “Bill” Hinman , including regulatory statements that confused the crypto industry. Ripple CLO Stuart Alderoty Calls for End of SEC “Lawless Lawsuit” Stuart Alderoty took to X on the fourth anniversary of Ripple vs SEC lawsuit. He called for the end of the “lawless lawsuit” by the US SEC against Ripple, CEO Brad Garlinghouse and co-founder Chris Larsen . On behalf of Ripple and its executives, Alderoty urged the incoming Donald Trump administration to “cleanse the lingering stain of Hinman from the agency.” It’s important to note that William “Bill” Hinman’s regulatory statements left a significant impact on the crypto industry. Hinman emails and speech have both clarified and confused the status of crypto. This has caused conflicts of interest, especially Ripple vs SEC lawsuit. “On this 4th anniversary of the SEC’s lawless lawsuit against Ripple, Brad, & Chris, we urge the incoming administration to cleanse the lingering stain of Hinman from the agency.” In addition, Ripple CLO Stuart Alderoty said the Trump administration has much to do to repair the damage. However, the SEC under incoming crypto-friendly Chair Paul Atkins needs to start with restoring trust. US judges said the SEC acted ‘arbitrarily and capriciously’ as it lost faithful allegiance to the law. The agency faced criticism due to its overregulation and enforcement approach. What’s Next in XRP-related Lawsuits In the Ripple vs SEC lawsuit, the agency must file its opening brief by January 15 deadline. This comes just five days before Chair Gary Gensler to step down as SEC Chair. The agency has appealed XRP distribution and sales by Ripple and executives Garlinghouse and Larsen in the 2nd Circuit Court. Meanwhile, the crypto community is confident that crypto lawsuits will be dismissed or withdrawn under the Trump administration. Besides, the class action lawsuit against Ripple , XRP II and CEO Garlinghouse is almost over as the district court ruled in favor of the defendants. Also, lead plaintiffs agreed to expedite final judgment in the lawsuit, along with a proposed order agreeing that there is no reason to delay judgment. As CoinGape reported, the 9th Circuit Court announced further dates for the XRP lawsuit. The opening brief will be filed on March 6 next year, whereas and Ripple Labs, XRP II and CEO Brad Garlinghouse will file their reply to the appellant’s principal brief by April 7, 2025. The post Ripple Vs SEC: Ripple CLO Stuart Alderoty Pleas To End And “Restore Trust” appeared first on CoinGape .

HyperLiquid, a layer-1 blockchain and decentralized exchange for perpetual futures (perps), has experienced a notable outflow of the USDC stablecoin amid speculation North Korean hackers are interacting with the platform, according to a post on X by pseudonymous observer Tay, known for tracking threats posed by to crypto protocols by the country. A record $60 million of USDC fled the exchange by 10:00 UTC Monday, according to Hashed Official's Dune-based tracker . USDC, the world's second-largest dollar-pegged stablecoin, is used as collateral on HyperLiquid. The deposit bridge still holds $2.2 billion in USDC. Addresses associated with hackers from the Democratic People's Republic of Korea (DPRK) have accrued losses exceeding $700,000 while trading on HyperLiquid, Tay said. The transactions indicate the hackers are potentially familiarizing themselves with the platform's inner workings to launch a malicious attack. "DPRK doesn't trade. DPRK tests," Tay said . CoinDesk contacted HyperLiquid on X for comments on the USDC outflows and potential threat from North Korea. Tay said they reached out to the platform two weeks ago, offering help in countering a potential threat. "I really want to emphasize that these are the most sophisticated and rapidly evolving of all of the DPRK threat groups. They are very creative and persistent. They also get their hands on 0days (such as the one Chrome patched today," Tay's message to the platform said. HyperLiquid is the leading on-chain perpetuals exchange, commanding over 50% of the total on-chain perpetuals trading volume, which tallied $8.6 billion in the past 24 hours. The platform debuted its token HYPE on Nov. 29. Since then, it hassurged over 600% to $28.6, briefly topping $10 billion in market capitalization. As of writing, HYPE was the 22nd largest digital asset in the world, according to Coingecko .

In a recent development, Gate.io has officially introduced HIVE perpetual contract trading with USDT settlements, effective December 23, 2024 (UTC+8). This innovative addition allows traders to utilize a robust leverage

Robert Kiyosaki, author of best-seller 'Rich Dad Poor Dad,' sounds Bitcoin alarm amid global crash

Bitcoin will hit $420K and then $1 million five, claims Qiao Wang from Alliance DAO. Imran Khan and Wang also believe that this is the last Bitcoin cycle. If BTC hits $500K, Michael Saylor will become the world’s first trillionaire. Michael Saylor, the former CEO and current executive chairman of MicroStrategy—the largest corporate holder of Bitcoin (BTC)—is on track to become the world’s first trillionaire within four years if a new BTC cycle begins. Meanwhile, the leading digital asset struggles to maintain its path above $100,000. Qiao Wang and Imran Khan, partners at Alliance DAO, a leading Web3 accelerator and founder community, discussed Bitcoin and MicroStrategy on the Good Game Podcast . The entrepreneurs hope the cryptocurrency does not fall below $58,000 in the next four years because that figure marks MicroStrategy’s liquidation point. Alliance DAO partners said on the podcast that they hope that Bitcoin will not fall below 58,000 in the next four years. Because that is the liquidation price of MicroStrategy. If it does happen, it may trigger a crisis 100x bigger than Luna and FTX. The best case scenario is… — Wu Blockchain (@WuBlockc… The post MicroStrategy Risks Mount if BTC Slips: Michael Saylor Eyes Trillionaire Tag appeared first on Coin Edition .

The year 2024, which began with the banging launch of the US Bitcoin spot exchange rraded funds (ETFs), is ending with the hopes that more crypto-linked investment products will soon enter the market. Bloomberg’s Eric Balchunas even agreed with the ETF Store’s president on the surprising absence of filings for a Dogecoin ETF. The crypto industry has registered rapid gains since the historic launch of BTC ETFs in January 2024. Bitcoin recorded a surge of over 125% on a year-to-date (YTD) basis and has knocked off the much anticipated $100K barrier. However, it is expected that the introduction of popular altcoins linked ETFs will push the cumulative crypto market cap to thrash the $4 trillion mark. Experts seek DOGE ETF soon Nate Geraci, President of the ETF Store, in a post stated that it is a shock that no ETF issuer has filed for a Dogecoin ETF yet. He asked what could be the downside and mentioned that the worst case would be its marketing expense. Meanwhile, he wonders which issuer is sitting on the ‘DOGE’ ticker. Senior ETF Analyst Balchunas agreed with Geraci and suggested that he was initially expecting them before Christmas. He now believes they might come after Paul Atkins becomes SEC chair under the Trump administration. He even speculates on potential ETF issuers: “If I’m Vegas, my favorite on the reserve of $DOGE ticker is Venuto. That said, Tuttle is my favorite to file.” Despite being the biggest meme coin in the crypto space and massive support from Elon Musk, no such investment fund manager has filed for a spot DOGE ETF with the commission. Balchunas now predicts filings after the new administration takes office. Agree. Thought by Xmas we’d see someone file. Maybe waiting til Atkins/Trump officially in charge. If I’m Vegas my favorite on reserver of $DOGE ticker is Venuto. That said Tuttle is my fav to file for the ETF. — Eric Balchunas (@EricBalchunas) December 23, 2024 With spot altcoin ETFs for Solana (SOL), Ripple’s XRP, and Litecoin (LTC) already in the works, it feels like DOGE’s turn is just a matter of time. The pro-crypto stance of incoming leadership is also a signal for a better environment around crypto ETFs. Dogecoin price action saw a minor downturn recently. DOGE is down by 21% in the last 7 days but it is still up by a huge 253% on YTD. The biggest meme crypto is trading at an average price of $0.316, at press time. It is trading down by 56% from its all time high of $0.737, recorded on May 08, 2021. Elon Musk’s D.O.G.E reforms The industry knows that Dogecoin is the favorite meme crypto of the richest person on Earth “Elon Musk.” He is now leading the charge for government reform as part of President-elect Trump’s new Department of Government Efficiency (D.O.G.E.). This move has boosted DOGE’s price eventually. Musk is aiming for a $2 trillion budget cut and sweeping agency reforms. He is proposing a return-to-office mandate for federal workers, banking on mass resignations. He even advocated for cuts to entire agencies and targeted agency leaders like FTC Chair Lina Khan for dismissal. These moves echo his X (formerly Twitter) acquisition playbook. Musk has openly criticized federal employees and agencies. He singled out Alexis Pelosi, a senior climate adviser, suggesting her dismissal and even took aim at the SEC, labeling the government as “more broken than you could possibly imagine.” From Zero to Web3 Pro: Your 90-Day Career Launch Plan

XRP Price has recorded significant transaction activity on Binance despite ongoing market corrections. The broader crypto market faces a downturn, with most tokens trading in the red, including Ripple. Bitcoin hovers below $96K, reflecting current bearish trends. crypto expert, however, anticipate a potential XRP price surge to the $4, If bullish sentiment return despite prevailing challenges. Will XRP Price Hit $4 As Per Crypto Analyst? A Crypto analyst highlights a potential bullish outlook for XRP price, predicting a continuation after its recent corrective phase. The current Ripple price stands at $2.18, with an identified rebuy zone set at $1.9280, signaling an optimal entry point. Expert anticipate the next resistance level and target at $4, suggesting potential upside. The crypto analyst chart illustrates a potential bounce at the $1.92 level that is a crucial area for buyers. This support level may act as the key level in the price trend with upward pressure expected to push the token to the next level. The current market shifts may well become the basis for a further advance. Source: X The cryptocurrency market remains under pressure, with Bitcoin (BTC) slipping below $95,000 as christmas approaches. The Major best altcoins followed the downward trend, with Ripple declining and Ethereum (ETH) struggling to hold above the $3,400 support level. The continued downward momentum signals uncertainty in the market as investors brace for potential year-end volatility in the crypto space. Surge in XRP Deposits on Binance Sparks Price Rally A recent spike in XRP exchange deposits on Binance has been observed, correlating with a significant price increase. According to CryptoQuant The Ripple soared to $2.20 in DEC 2024. The influx of deposits marked one of the highest transaction counts in 2 years, exceeding 2 million transactions during the spike. This movement suggests heightened trading activity and potential profit-taking by holders. Analysts believe the surge may indicate growing investor confidence in XRP. The event reflects crypto market trends where increased exchange inflows often precede significant price movements. Source: CryptoQuant If bullish presure sees a comeback, the XRP price forecast could soar above the $2.2 resistance level in the coming days, potentially reaching $4. Despite ongoing market uncertainty, Ripple remains resilient, supported by record transactions on Binance. Investors await a potential rebound at key support levels, fueling optimism. XRP’s strong activity signals potential for a significant rally amid challenging conditions in the crypto market. The post XRP Price Eyes $4 With Record Transactions on Binance appeared first on CoinGape .

Binance Alpha has currently removed the duplicated MGP token from the fifth batch of projects. Previously announced by Binance Alpha, the fifth batch of projects included MGP, ZEREBRO, COOKIE, WHALES,

The post Ethereum’s Dominance Struggles: Will 2025 Bring a Turnaround? appeared first on Coinpedia Fintech News At the start of this year, the dominance of Ethereum was around 16.96%. In late February, it touched an yearly peak of 19.28%. In mid-May, it plummeted to a low of 15.42%. Just before the launch of Ethereum spot ETFs, it rebounded to a peak of 18.8% in mid-June. However, since the launch, the ETH dominance has steadily dropped by around 5.42%. The big question now is: Can the year 2025 bring a turnaround? Bitcoin Dominance Overshadows Ethereum and Altcoins Since the start of this year, the Bitcoin market has climbed by over 115.76%. At the beginning of this year, the dominance of Bitcoin was around 51.58%. Right now, it stands at 58.71%, though between November 20 and December 7, the BTC dominance declined from a yearly peak of 61.19% to a low of 55.11%. Although between November 21 and December 6, the Ethereum dominance jumped sharply from 12.11% to 13.5%, since December 7, it has steeply slipped by at least 1.09%. Notably, the YTD growth of the Altcoin market currently stands at 65.18%, particularly Ethereum at 40.96%. This indicates that BTC has outperformed both Altcoins and Ethereum this year. Decline in Ethereum’s Dominance Despite ETF Inflows Reports indicate that Ethereum’s dominance continues to drop since the launch of Ethereum ETFs in mid-2024. Reports add that though billions of dollars flowed into the ETFs, it made very little impact on the price of Ethereum. No Current Catalyst to Support Ethereum Reports suggest that traders have largely lost confidence in the potential of Ethereum to make great upward moves. Reports add that right now there are no strong factors promising a rebound in the ETH price. 2025: A Year of Hope for Ethereum Bulls? Experts advice Ethereum bulls to remain patient until a strong narrative in favour of the crypto emerges in the coming year. They predict that market sentiment could turn in favour of ETH in 2025. In conclusion, while Etheruem faces challenges, 2025 offers hope for a strong revival.

Cryptocurrency exchange's mining platform Binance Pool has announced the launch of merged mining support for Junkcoin (JKC) and Pepecoin (PEP). Binance Pool Introduces Merged Mining for Junkcoin and Pepecoin This new feature allows miners to mine Litecoin (LTC) while also earning rewards in multiple cryptocurrencies, including LTC, Dogecoin (DOGE), Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), and Pepecoin (PEP). Merged mining, also known as auxiliary proof of work (AuxPoW), allows miners to process transactions for multiple blockchains with a single computational effort. This increases efficiency and provides the opportunity to maximize earnings by mining additional coins alongside primary coins like Litecoin. By adding Junkcoin and Pepecoin to its merged mining program, Binance Pool continues to diversify its offerings by appealing to miners looking for alternative coins and higher potential rewards. The addition of JKC and PEP reflects Binance Pool’s efforts to support emerging cryptocurrencies and encourage participation in the mining ecosystem. This move is expected to support the growth of smaller blockchain networks while attracting miners looking to leverage their resources for greater profitability. Miners can join Binance Pool to take advantage of this new feature by configuring their mining setup to enable merged mining. Additional details and configuration instructions are available on the Binance Pool platform. As merged mining continues to gain traction, Binance Pool’s inclusion of Junkcoin and Pepecoin positions it as a versatile platform for both established and emerging cryptocurrencies. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Launches Combined Mining Support for Two Altcoins! Here Are Those Altcoins

Billy Markus, known as Shibetoshi Nakamoto, recently sparked a lively discussion in the crypto community with an ironic tweet about wealth. His playful remarks shed light on the broader sentiments

Speculations started swirling around when a well-known crypto voice on X, @WallStreetMav posted on X, stating that FTX…

Jito Network is a protocol built on the Solana Blockchain. The protocol stands out by offering the JitoSOL liquid staking pool and a collection of Maximum Extractable Value (MEV) products. Continue Reading: How to Buy Jito Coin? The post How to Buy Jito Coin? appeared first on COINTURK NEWS .

Cardano (ADA) is facing increasing bearish momentum, with its price nearing a critical support level at $0.8119. This potential retest signals a pivotal moment for the cryptocurrency as market conditions turn unfavorable. Recent price action with negative signals from key technical indicators has intensified concerns about further downside risks. The Relative Strength Index (RSI) and other metrics suggest growing selling pressure, making ADA’s ability to hold above this key level a matter of significance. A breach below $0.8119 could pave the way for more losses, potentially pulling ADA into uncharted bearish territory. However, defending this support level might provide the foundation for a stabilization or recovery. As the market sentiment shifts, can Cardano regain its footing or succumb to deeper declines? This critical juncture highlights the importance of monitoring technical and market-driven factors in the token’s ongoing journey. Technical Indicators Signal Further Downside For ADA Historically, the $0.8119 level has served as a crucial threshold for price action, acting as both a support and resistance point in previous market cycles. Its proximity now highlights the mounting challenges Cardano faces as bearish momentum continues to dominate the market. Related Reading: Cardano Price Eyes Recovery Toward $2 As Million-Dollar Whale Transactions Explode On The Network The negative sentiment around the token is largely fueled by weakening technical indicators and a waning market mood. ADA remains below key moving averages, such as the 100-day Simple Moving Average (SMA), which underscores a prolonged downtrend. This alignment of the price below pivotal technical levels signals a lack of upward strength and an increased likelihood of more downside pressure. Adding to the bearish narrative is the Relative Strength Index (RSI), which has been trending lower, signaling intensified selling pressure. Currently hovering near oversold levels, the RSI reflects waning buyer interest and heightened dominance by sellers. Should the trend continue, it could pave the way for the altcoin to break below the $0.8119 mark, possibly triggering a new wave of selling. Potential Scenarios: Break Below $0.8119 Or Rebound? If ADA fails to hold above $0.8119, it may signal a continuation of downbeat momentum, potentially triggering a deeper decline. In this case, sellers might push the price toward lower support zones such as $0.6822 or even $0.5229 areas that have previously acted as stabilizing levels during market downturns. A break below $0.8119 would likely confirm seller dominance, further eroding market confidence and leading to heightened volatility. Related Reading: Cardano Could Be Heading For A 20% Correction – Technical Data Signals Bearish Price Structure On the other hand, a successful defense of the $0.8119 level could lay the groundwork for a rebound. Buyers may seize the opportunity to regain control, leveraging the support level as a springboard for recovery. This could result in ADA attempting to revisit resistance levels near $1.2630 or higher, reversing the bearish trend and reigniting optimism in the market. Featured image from Unsplash, chart from Tradingview.com