World Liberty Financial (WLFI) Makes Strategic Token Investments Following Ethena Partnership

  vor 3 Minuten

World Liberty Financial (WLFI), a DeFi initiative reportedly backed by the Trump family, recently acquired 250,000 USDC worth of ENA tokens, just hours after announcing a partnership with Ethena. Alongside this purchase, WLFI also converted 102.9 cbBTC into WBTC, a move potentially influenced by its partnership with Tron. Tron, which previously invested $30 million into WLFI to secure 2 billion $WLFI tokens, also appointed Sun Ge as a consultant for the project. Since November 30, WLFI’s multi-signature wallet has spent a total of $44.99 million USDC to acquire six different tokens: – ETH: Acquired 8,105 ETH for $30 million USDC at an average price of $3,701. – WBTC: Purchased 103.1 WBTC with $10 million USDC at an average price of $97,182. – LINK: Bought 78,387 LINK tokens for $2 million USDC, averaging $25.5 per token. – AAVE: Secured 6,137 AAVE tokens with $1.99 million USDC at an average price of $324. – ENA: Spent $750,000 USDC to obtain 741,687 ENA tokens, averaging $1.01 per token. – ONDO: Used $250,000 USDC to purchase 134,216 ONDO tokens at an average price of $1.86. 由特朗普家族支持的 DeFi 项目 World Liberty Financial (WLFI) 在 4 小时前继续购买了 25 万 USDC 的 ENA,就在他们与 Ethena 达成合作之后。 另外,他们还将持有的 102.9 枚 cbBTC 兑换为 WBTC。 这个可能是受到合作伙伴 Tron 的影响:此前 Tron 向 WLFI 投资了 3000 万美元获得 20 亿枚… https://t.co/YuhgSB58km pic.twitter.com/zNngFEFsrr — 余烬 (@EmberCN) December 19, 2024 These calculated investments demonstrate WLFI’s active involvement in diversifying its portfolio and strategically positioning itself within the DeFi ecosystem. The partnership with Ethena, alongside its existing ties to Tron, appears to be driving these bold financial moves as WLFI continues to expand its influence in the blockchain space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: peshkov / 123RF // Image Effects by Colorcinch

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FTX/Alameda Nearly Sells Out Of 25 Million WLD Holdings

  vor 5 Minuten

FTX/Alameda is close to offloading its entire allocation of 25 million WLD tokens. Over the past few weeks, the entity’s wallet transferred a total of 21.856 million WLD tokens—valued at $58.77 million—to five BitGo custodial wallets. These transactions are believed to be over-the-counter (OTC) sales to major investors or institutions. FTX/Alameda 手上的 2500 万枚 WLD 卖的差不多了。 FTX/Alameda 地址在今天和 半个月前,一共向 5 个 BitGo 托管钱包转移了 2185.6 万枚 WLD ($58.77M)。这很可能是通过 OTC 的方式出售给了一些大投资者或机构。 再加上他们从 8 月份以来以每周一笔的频率一共向币安转移了 280.9 万枚 WLD。… pic.twitter.com/ohOClqunQR — 余烬 (@EmberCN) December 19, 2024 Additionally, since August, FTX/Alameda has transferred 2.809 million WLD to Binance, completing one transaction per week on average. Now, only 334,000 WLD tokens, worth approximately $800,000, remain from the original investment. Market trends indicate that Smart Dex Traders (SDTs) exited their positions at an average price of $3.8. While some investors have repurchased tokens, the majority have not returned to the market. Whale activity shows a mixed outlook, with some exiting at $3.9, while others with a mid-term perspective are starting to accumulate. However, at today’s price of $2.4, there has been no significant buying activity. Quick Catchup on $WLD Figure 1: Smart Dex Traders (SDTs) sold at $3.8. Some investors have returned to buy, but overall, most have not come back yet. If you’re trading short-term, you might want to keep an eye on the SDTs. Figure 2: Some Whales exited the market at $3.9. A… pic.twitter.com/A4IFWDlIKm — iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) December 19, 2024 Meanwhile, technical analysis suggests potential opportunities in the broader market. According to analyst Ali Martinez, the TD Sequential indicator has flashed buy signals for several assets, including XRP, Solana ($SOL), Maker ($MKR), and Worldcoin ($WLD), on their 4-hour charts. The TD Sequential indicator presents buy signals on the $XRP , #Solana $SOL , #Maker $MKR , and #Worldcoin $WLD 4-hour charts! pic.twitter.com/2MO4Ic1DET — Ali (@ali_charts) December 19, 2024 The dwindling supply of WLD in FTX/Alameda’s holdings, combined with current market activity, reflects a cautious sentiment among investors. While some are positioning for the long term, the overall market appears hesitant to take new risks at the current price levels. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: nexusplexus/ 123RF // Image Effects by Colorcinch

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MONKY Gains Momentum As Binance Adds It To Latest Alpha Projects Batch

  vor 7 Minuten

Excitement around $MONKY has surged after Binance included it in its newly announced batch of 10 Alpha Projects. The announcement, made just an hour ago, highlights promising projects like FROG, AICell, CGPT, MONKY, TERMINUS, GRIFFAIN, RIF, URO, CLANKER, and LUNAI, with $MONKY standing out due to recent market activity. 币安在 1 小时前公布了第三批 Alpha 项目。分别是:FROG、AICell、CGPT、MONKY、TERMINUS、GRIFFAIN、RIF 、URO 、CLANKER、LUNAI。 而其中 $MONKY 是由 DWF Labs 进行做市: 他们在 7 天前从 MONKY 的布署钱包接收到 1000 亿枚 MONKY ($1.68M),然后将其中 230 亿枚 MONKY 转进 Kucoin/Gate/MEXC… https://t.co/5ydpwhp7GN pic.twitter.com/F3RBLdWtfj — 余烬 (@EmberCN) December 19, 2024 DWF Labs (@DWFLabs) has been actively market-making for $MONKY. Eight days ago, the firm received 100 billion MONKY tokens, then valued at $1.75 million, from the project’s deployment wallet. Within the past week, DWF Labs transferred 23 billion MONKY tokens to prominent exchanges such as KuCoin, Gate.io, and MEXC to facilitate liquidity and market-making efforts. Eight days ago, DWF Labs ( @DWFLabs ) received 100B $MONKY tokens, valued at $1.75M. Four hours ago, @BinanceWallet announced a new batch of 10 Binance Alpha Projects, with $MONKY among them, sparking excitement around the token. pic.twitter.com/vjPgDSkPSJ — EyeOnChain (@EyeOnChain) December 19, 2024 The announcement by Binance’s @BinanceWallet of its Alpha Projects sparked fresh interest in $MONKY, which has already been gaining traction in the crypto community. This strategic inclusion by Binance has positioned $MONKY alongside other innovative tokens, signaling strong potential and drawing attention from both retail and institutional investors. While MONKY’s deployment wallet sent an additional 100 billion tokens worth $1.68 million to DWF Labs seven days ago, the consistent activity by DWF Labs underscores their role in enhancing liquidity and maintaining trading volume across key platforms. With Binance’s backing and active support from DWF Labs, $MONKY is quickly cementing its position as a noteworthy contender in the cryptocurrency market. Investors are closely watching its performance, especially in light of its integration into the Binance Alpha Projects program. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: hryshchyshen/ 123RF // Image Effects by Colorcinch

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Tron Achieves Top Spot For Blockchain Transaction Volume, Partners With Bitget

  vor 9 Minuten

Tron continues to dominate the blockchain landscape, achieving the highest monthly transaction volumes. Tron’s been crushing it with transaction volumes: 182M in October, 167M in November, and 135M in December. USDT flows are keeping it at the center of crypto trading and payments. $Tron’s not slowing down. pic.twitter.com/TKgA8XoAK1 — Kyledoops (@kyledoops) December 18, 2024 Over recent months, Tron has processed an impressive 182 million, 167 million, and 135 million transactions, consistently outpacing other blockchains. This sustained activity is largely driven by USDT flows, which have positioned Tron as a pivotal player in crypto trading and payment ecosystems. Tron Records the Highest Number of Transactions Among Blockchains “Tron has consistently outperformed others in terms of monthly transaction volume, recording 182 million, 167 million, and 135 million transactions.” – By @Crazzyblockk Link https://t.co/6Xb8c4LgQD pic.twitter.com/NUJW7MkS4P — CryptoQuant.com (@cryptoquant_com) December 18, 2024 In terms of daily active users, Tron ranks among the top blockchains. While Solana leads the pack with a 19% monthly increase and a staggering 5,242% surge in yearly active users, Tron closely follows with a 6.7% growth in daily users, alongside BNB Chain, which saw a 35% rise. These metrics highlight Tron’s steady adoption and utility in the blockchain space. Top #Blockchains by Daily Active Users #Solana tops the chart with a 19% increase in daily users and a 5242% surge in yearly users. #TRON and #BNBChain follow with respective increases of 6.70% and 35%. #CoinPedia #CryptoNews #CryptoCommunity pic.twitter.com/h68C1zviXI — Coinpedia (@CoinpediaNews) December 18, 2024 Further boosting its ecosystem, Justin Sun, Tron’s founder, recently announced a strategic partnership with Bitget, a prominent cryptocurrency exchange platform. This collaboration aims to foster ecosystem growth by empowering developers and enhancing accessibility for users worldwide. Bitget’s support is expected to strengthen Tron’s infrastructure, enabling a more seamless user experience. Tron’s consistent transaction volumes, coupled with its growing user base and strategic alliances, underscore its position as a leading blockchain platform. With Bitget’s backing, Tron is set to expand its reach and solidify its role in the global blockchain ecosystem. As these developments unfold, the blockchain community is eagerly watching how this partnership will shape Tron’s future. I am excited about our strategic collaboration with Bitget @bitgetglobal to support ecosystem growth. I look forward to seeing TRON collaborate with Bitget to empower developers and make TRON more accessible for everyone. @GracyBitget https://t.co/dafHcocwHl — H.E. Justin Sun (@justinsuntron) December 19, 2024 Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: winst2014/ 123RF // Image Effects by Colorcinch

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Canada’s retaliation to Trump’s tariffs and takeover threats could be lethal

  vor 10 Minuten

The tension between Canada and the United States has hit a boiling point. President Donald Trump is back on his favorite stage (Twitter) throwing out threats of a 25% tariff on Canadian goods and even ridiculously suggesting that Canada should become the “51st state.” In response, Canada is preparing to strike back hard. Its retaliation could be devastating for the US economy, leaving the world’s largest trading partnership in ruins. Trudeau takes the first swing Canadian Prime Minister Justin Trudeau flew down to Mar-a-Lago in late November to confront Trump face-to-face. In a tense three-hour meeting, he reportedly tried to steer the conversation toward diplomacy and mutual benefit. But let’s be real—convincing Trump to back down on a tariff he thinks will “fix” immigration and drug trafficking is like trying to stop a freight train with a bicycle. After the meeting, Trump almost immediately doubled down on his tariff threats and threw gasoline on the fire by casually floating the idea that Canada could become part of the US. His exact words? “Maybe Canada should think about becoming the 51st state. They’d love it.” Canadians, predictably, did not love it. Conservative Party leader Pierre Poilievre fired back almost immediately. “Canada will never be the 51st state,” he said in a press conference. “We are a sovereign nation, and we will not be bullied.” Ontario Premier Doug Ford said, “Our country’s independence is non-negotiable.” The backlash wasn’t limited to political circles. Across Canada, citizens took to social media to mock Trump’s suggestion. One viral tweet read, “We’d rather join Mars than the US #51stStateNever.” Even provinces that often disagree on policy seemed to find common ground in rejecting the notion of statehood. If Trump thought his statehood comment would pressure Canada into submission, he miscalculated—big time. The idea of becoming a US state is about as popular in Canada as pineapple on poutine. For many Canadians, the suggestion is an insult to their national identity. Canada’s universal healthcare, progressive social policies, and cultural distinctiveness are sources of pride. Losing those in exchange for being lumped into a system they see as chaotic and unequal? Hard pass. A 2023 survey found that 44% of Canadians already feel uneasy about high immigration levels, fearing it could dilute Canadian identity. Throwing in statehood, with all the political baggage that comes with it, is a non-starter for most. That said, not everyone is slamming the door on closer ties with the US. Some Canadians see benefits in increased cooperation, particularly in areas like defense and border security. A handful of people even argue that aligning more closely with the US could offer economic stability in the long term. But let’s be clear: “closer ties” is not the same as becoming the 51st state. A $500 billion punch in the gut Economically, Trump’s tariff proposal is a sledgehammer aimed at Canada’s biggest industries. With $3.6 billion CAD worth of goods crossing the border daily, a 25% tariff could cripple sectors like manufacturing, agriculture, and energy. Canada is the largest foreign supplier of oil and natural gas to the US, making energy exports one of its most powerful bargaining chips. Officials are reportedly preparing a menu of retaliatory measures that could make Trump regret he ever hit “Tweet.” First on the list: targeted tariffs on US goods. The plan? Go straight for the economic jugular by focusing on states that rely heavily on Canadian trade. If these tariffs hit hard enough, they could push American lawmakers to pressure Trump into backing off. Energy export taxes are also on the table. If Canada slaps a tax on its oil and natural gas heading to the US, energy prices could skyrocket south of the border. From Zero to Web3 Pro: Your 90-Day Career Launch Plan

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Santa Rides Shiba (SANTSHIB) Solana Memecoin Will Skyrocket 19,000% Before First Exchange Listing, As PEPE and WIF Drop

  vor 12 Minuten

Santa Rides Shiba could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Santa Rides Shiba (SANTSHIB), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because SANTSHIB 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 drive its price up. Currently, Santa Rides Shiba 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 Santa Rides Shiba could become the next viral memecoin. Santa Rides Shiba launched with over $9,000 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 Santa Rides Shiba 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 Santa Rides Shiba by entering its contract address – CxpeR8vdgeVWZFwBytS7PRrXHBwVgPJWZBJUcpK3k7vT – 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. In fact, 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 SANTSHIB. 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.

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Qubetics’ 43,660% ROI Potential, Cosmos’ Blockchain Growth, and Polygon’s Ethereum Scaling: The Best Cryptos to Buy Now

  vor 14 Minuten

The cryptocurrency world is constantly evolving, and while many altcoins are vying for attention, some are simply outpacing the competition. Among these, Qubetics has recently caught the eye of many investors with its growing ecosystem and innovative services. But what’s even more intriguing is its potential for growth after the mainnet launch—analysts are predicting significant gains, possibly hitting $10-$15. Is Qubetics really the best altcoin to join now? Along with other promising altcoins like Cosmos and Polygon, there’s a lot happening in the crypto space in 2024, and this article will break it all down for you. While many projects are pushing for advancements in scalability, security, and decentralisation, Qubetics takes a more user-centric approach. One of its standout features is its non-custodial wallet, a tool that aims to address critical issues that have plagued the crypto space for years. These issues include security risks, privacy concerns, and the overwhelming reliance on third parties for managing digital assets. But what makes Qubetics’ solution different? We’ll dive deeper into how this wallet could be a game-changer for the industry and why it’s one of the best altcoins to join now , particularly as it heads towards its mainnet launch. Why Qubetics’ Non-Custodial Wallet Is Changing the Game If you’re in the crypto space, you’ve likely encountered issues with traditional custodial wallets. These wallets, often controlled by third parties, introduce a variety of risks. From security breaches to regulatory concerns, the problems are plenty. The lack of true control over your assets is a big deal, especially when your financial future is on the line. Many investors are looking for an alternative that offers security, privacy, and full control—Qubetics’ non-custodial wallet does just that. Qubetics’ non-custodial wallet allows users to manage their digital assets without depending on a third party. This means your private keys are yours and yours alone, giving you the ability to access your funds at any time. It reduces the risk of security breaches—something that’s unfortunately all too common in the crypto world. The wallet is designed to give users total control, removing the usual roadblocks that other wallets may impose. This is a huge plus for anyone serious about their crypto assets. Moreover, regulatory issues have been a constant headache for the crypto community. With governments around the world tightening regulations, having a non-custodial wallet gives users the peace of mind that their funds are not subject to sudden legal shifts. There’s no dependency on centralised institutions, which means your financial freedom is protected from unforeseen regulatory changes. As we move into 2024, these benefits are making Qubetics one of the best altcoins to join now. Additionally, privacy is a concern for many in the crypto world. Centralised exchanges and custodial wallets require you to trust third parties with sensitive information. In contrast, Qubetics’ wallet ensures that all transactions are private, and personal data remains under the user’s control. This privacy-first approach is not only timely but also crucial for anyone wanting to maintain anonymity in an increasingly transparent world. To learn more about Qubetics, you can check this out: Watch the Video . Why Cosmos is Worth Watching in 2024 When you think about blockchain ecosystems, Cosmos should be at the top of your list. Cosmos has long been touted as one of the best altcoins to join now due to its groundbreaking approach to interoperability. The project’s primary goal is to allow different blockchains to communicate and work together seamlessly, something that traditional blockchain systems struggle with. As the demand for multi-chain applications continues to grow, Cosmos is becoming more and more essential in the crypto ecosystem. The network allows developers to build custom blockchains that can interact with each other, making it a hub for decentralised finance (DeFi) and beyond. Cosmos is on the cutting edge of creating a more connected blockchain ecosystem, making it an exciting project to follow, especially with its recent updates and integrations. In 2024, the roadmap for Cosmos looks promising, with new developments around the Inter-Blockchain Communication (IBC) protocol that allows different blockchains to transfer assets and data securely and efficiently. As blockchain ecosystems continue to grow, Cosmos’ role in enabling interoperability will only become more important, making it one of the top altcoins to invest in for the future. With its unique approach and solid foundations, Cosmos is a smart long-term investment for anyone looking to expand their crypto portfolio. The Rise of Polygon and Its Impact on Ethereum’s Future Polygon is another powerhouse that has gained traction as one of the best altcoins to join now. While Ethereum remains the dominant smart contract platform, the rise of scalability challenges has sparked the need for more efficient solutions. Polygon, with its Layer-2 scaling solutions, offers a fast and cost-effective way to process transactions on the Ethereum network. In 2024, Polygon is poised to continue growing as Ethereum’s go-to scaling solution. The network allows developers to build decentralised applications (dApps) that operate faster and with lower fees, making it an attractive choice for developers and users alike. As the DeFi and NFT sectors continue to boom, Polygon’s role in providing scalability will only become more critical. Furthermore, Polygon’s recent integrations and partnerships highlight its increasing relevance in the crypto world. As blockchain adoption continues to expand, the scalability that Polygon offers will help meet the demands of high-traffic applications and transactions, ensuring that the Ethereum ecosystem remains competitive. With Polygon continuing to lead the charge in Ethereum scalability, it’s no wonder that many investors see it as one of the best altcoins to invest in for short-term gains. The Key Takeaway When it comes to the best altcoins to join now , Qubetics, Cosmos, and Polygon are all strong contenders. However, what sets Qubetics apart is its focus on user control and privacy, specifically through its non-custodial wallet. As the crypto world faces growing concerns around security, regulation, and privacy, Qubetics’ solution could be a game-changer. With analysts predicting significant growth for $TICS, Qubetics is an exciting opportunity for anyone looking to get in early. While Cosmos and Polygon offer unique strengths, such as interoperability and Ethereum scalability, Qubetics is tapping into a growing demand for privacy-first, user-controlled financial solutions. As we move forward into 2024, keep an eye on Qubetics—this could be one of the best altcoins to invest in for short-term and long-term gains. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics The post Qubetics’ 43,660% ROI Potential, Cosmos’ Blockchain Growth, and Polygon’s Ethereum Scaling: The Best Cryptos to Buy Now appeared first on TheCoinrise.com .

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SEC Greenlights First Hybrid Bitcoin And Ethereum ETFs From Franklin Templeton, Hashdex

  vor 14 Minuten

Amid yesterday’s crypto market slump, the US Securities and Exchange Commission (SEC) approved the first-ever dual Bitcoin (BTC) and Ethereum (ETH) index exchange-traded funds (ETFs) from Franklin Templeton and Hashdex. The ETFs are scheduled for launch in January 2025. SEC Approves First Dual Bitcoin-Ethereum Index ETFs For the first time, the US financial regulator has approved hybrid Bitcoin-Ethereum index ETFs. Hashdex’s Crypto Index ETF will trade on Nasdaq, while Franklin Templeton’s Crypto Index ETF will be listed on the Cboe BZX Exchange. Both ETFs will hold spot BTC and ETH in proportions reflecting their respective market capitalizations, currently resulting in an 80:20 ratio favoring Bitcoin. However, the ETFs may expand to include other cryptocurrencies in the future, pending regulatory approval. The SEC highlighted that Franklin Templeton’s December 18 filing received expedited approval. Commenting on the development, Nate Geraci, President of The ETF Store, said : Will be interesting to see if BlackRock or others attempt to piggyback on this and launch similar ETFs. Regardless, I expect there will be meaningful demand for these products. Advisors love diversification. Especially in an emerging asset class such as crypto. Geraci emphasized the potential rationale behind the SEC’s decision to approve the crypto index ETFs, pointing to their similarities with the previously approved spot Bitcoin and spot Ethereum ETFs in terms of the trusts’ structure and the operation terms. The SEC added that proposals for both the ETFs aligned with the criteria set forth by the Exchange Act. For the uninitiated, the Exchange Act requires issuers to implement safeguards against fraud, manipulation, and risks to investors. Details About The Crypto Index ETFs Asset manager Hashdex first amended its S-1 filing with the SEC in October, and submitted a second amended application on November 25. Franklin Templeton filed its S-1 for the crypto index ETF in August. In Hashdex’s November filing, the company stated that other digital assets, such as Avalanche (AVAX), Chainlink (LINK), and Litecoin (LTC), may meet its eligibility criteria and could be added to the ETF in the future with regulatory approval. Franklin Templeton’s ETF also leaves room to add other cryptocurrencies, but did not specify any by name. Notably, Hashdex’s ETF will rely on custodial services from Coinbase, BitGo, Fidelity, and Gemini. Similarly, Franklin Templeton’s ETF will use BitGo and Coinbase as its primary custodians. The crypto ETF space is becoming increasingly competitive, thanks to their resounding success since their launch earlier this year. Experts opine that US-based crypto spot ETFs may soon overtake spot gold ETFs in terms of net assets held. Following the US, other countries in the world are also steadily warming up to the idea of regulated crypto ETFs. At press time, BTC trades at $95,824, down 4.8% in the past 24 hours.

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Bitcoin Price Could Rally To $178,000 If History Repeats — Here’s Why

  vor 14 Minuten

The price of Bitcoin fell to around $92,000, Friday afternoon, December 20 after the US Federal Reserve’s rate cut triggered a sharp selloff in the crypto market. However, the premier cryptocurrency seems to be recovering nicely, having returned above the $97,000 level on the same day. While investors would be hoping to see the Bitcoin price reclaim its current all-time high of $108,135 again, a prominent crypto analyst has put forward an audacious target for the market leader. Below is the rationale behind the new bullish target for the Bitcoin price. Can Bitcoin Price Repeat This 86% Rally? In a new post on the X platform, NewsBTC head of research Tony “The Bull” Severino shared an interesting prognosis for the price of Bitcoin. According to the CMT-certified crypto analyst, the flagship cryptocurrency looks primed to reach as high as $178,000. Related Reading: Bitcoin Price Still Mirroring Bullish Move From 2023, What To Expect After Hitting $108,000 ATH This bullish projection is based on the Bitcoin price movement in relation to the Bollinger Bands. The Bollinger Bands is an indicator that features three lines; a simple moving average (the middle band) and an upper and lower band. This technical analysis tool helps to assess the volatility of financial markets. According to Severino, the price of BTC on the daily timeframe has retested the monthly upper Bollinger Band. From a historical perspective, this action has marked the start of significant price rallies in the past. Most recently, a similar retest occurred in late January 2024 and was followed by an 86% price rally to the former all-time high of $73,737. Severino noted that if history repeats itself the Bitcoin price could also see an identical 86% rally from its current price point to reach a new record high of $178,000. As of this writing, the price of Bitcoin stands at around $97,265, reflecting a 0.8% increase in the past 24 hours. Nevertheless, the premier cryptocurrency is still in a 4% decline on the weekly timeframe. Here’s What Needs To Happen First Indeed, the $178,000 target might not be all that outrageous for the Bitcoin price, especially given its performance in recent months. However, the latest on-chain data shows that the market leader needs to overcome a major resistance around $97,500 and $99,800. Related Reading: US Strategic Bitcoin Reserve Could Push Price To $500,000: Expert According to crypto pundit Ali Martinez on X, over 924,000 addresses bought over 1.19 million BTC within the aforementioned price bracket. This becomes a resistance as buyers within the price range might look to sell their assets to break even after being in loss; this puts downward pressure on prices. Martinez, however, noted that if the price of BTC manages to successfully breach this level, investors might see the premier cryptocurrency return to its all-time high price and perhaps forge a new one. Featured image created by DALL-E, chart from TradingView

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Base Emerges As The Top Layer 2 Network Of The Year

  vor 16 Minuten

Base , a layer 2 (L2) network built by Coinbase, has emerged as the biggest L2 success of the year, outpacing competitors like Arbitrum and Optimism in key metrics such as total value locked (TVL), active users, transactions, and transaction volume. Base was the big L2 winner of the year, surpassing competing chains like Arbitrum and Optimism on TVL, active users, transactions and transaction volume https://t.co/7K38CEsn33 pic.twitter.com/tJvcACRkLz — IntoTheBlock (@intotheblock) December 17, 2024 Designed to address Ethereum’s scalability challenges, Base enhances transaction speed and reduces costs, providing developers with a more efficient environment for building decentralized applications (dApps). The network leverages Optimism’s OP Stack, employing optimistic rollup technology. This approach processes transactions off Ethereum’s main chain (L1) and then consolidates them back onto L1 for security and finality. Base launched to the public on August 9, 2023, following an initial developer-only phase. Upon its release, the network attracted significant attention from major brands and developers alike. Notable applications and initiatives on Base include: – NFTs: Prominent brands like Coca-Cola, Atari, and Coinbase launched exclusive NFT campaigns, including Coinbase’s “Stand With Crypto” initiative. – DAOs: Aragon introduced tools to simplify the creation and management of Decentralized Autonomous Organizations (DAOs) on Base. – DEXs: The network supports at least two decentralized exchanges, with a third expected soon. Learn a bit more about the @base Layer 2 network: Base is a layer 2 (L2) network built by Coinbase, running on top of the Ethereum blockchain. Here's the lowdown on Base: – Goal: Base was set up to boost scalability, speed up transactions, and cut costs on the Ethereum network,… pic.twitter.com/sYnZoHH9Vy — MG (@mgoficialx) December 19, 2024 Base has also taken a unique stance on token issuance, explicitly stating that it has no plans to launch a native token. This move aims to protect users from scams involving fake Base tokens. By leveraging Coinbase’s extensive user base and offering a scalable platform for dApp development, Base is positioning itself as a driving force in expanding the crypto ecosystem. Its rapid adoption and ecosystem growth demonstrate its potential to shape the future of blockchain technology. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: Feylite/ Shutterstock.com

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