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Top Strategies To Earn Passive Income From Crypto Assets

PR DESK
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Top Strategies To Earn Passive Income From Crypto Assets

The world of cryptocurrency has evolved beyond simple buying and holding. Today, crypto investors have access to a variety of strategies to generate passive income, making their digital assets work for them. Whether you’re a seasoned investor or new to the crypto space, platforms like Cryptonomy offer innovative tools to maximize returns while minimizing risk.

In this article, we’ll explore some of the most effective ways to earn passive income through crypto, including staking, Launchpool, margin trading, and private wealth management programs.

1. Staking: A Unique Profit Driven Approach

Unlike traditional staking, where rewards are earned solely from validating transactions, Cryptonomy’s staking model allows investors to generate profits through a lending-based system. Here’s how it works:

  • Flexible Staking: Provides liquidity by allowing investors to deposit and withdraw funds at any time. While returns are modest, this option is ideal for those who prioritize flexibility.
  • Fixed Staking: Locks assets for a selected period, offering higher returns. Investors can choose to compound their profits for long-term growth.
  • Lending Integration: Staked assets are lent to private and corporate investors, generating interest. Profits from these lending activities are shared transparently with investors, who can earn up to 80% of the total returns by upgrading their accounts.

With Cryptonomy’s staking programs, investors not only earn passive income but also contribute to a secure and efficient peer-to-peer network that supports the lending ecosystem. These programs adhere to securities laws while offering competitive returns compared to exchange-traded products and other options.

2. Launchpool: Early Access to Lucrative Projects

Cryptonomy’s Launchpool feature provides exclusive access to vetted blockchain projects, allowing investors to participate in early-stage token launches. This unique tool ensures professional management of allocations and contracts, maximizing growth potential.

Using Launchpool, investors can:

  • Gain priority access to high-growth blockchain projects.
  • Diversify their portfolios with fungible tokens and other digital assets selected by experts.
  • Use Cryptonomy’s insights to make informed investment decisions, reducing risks associated with speculative tokens.

Launchpool is perfect for those looking to stay ahead in the blockchain ecosystem by investing in new projects with significant growth potential. It also supports decentralized finance solutions, offering opportunities to generate consistent income while maintaining price stability.

For experienced investors, margin trading offers the opportunity to enhance profits by borrowing funds to increase trading positions. Cryptonomy’s margin trading stands out by providing:

  • Competitive Interest Rates: Affordable access to additional capital for trades.
  • Advanced Tools: Real-time monitoring and risk management features to protect investor assets.
  • Institutional-Grade Security: Ensures all transactions are secure, even in volatile markets.

Margin trading can be highly profitable when paired with strategies that utilize historical data and carefully vet investment opportunities. Cryptonomy ensures that all activities comply with securities laws, offering a safe and transparent trading experience.

4. Private Wealth Management: Tailored Strategies for High-Net-Worth Investors

Cryptonomy’s Private Wealth Management (PWM) service caters to high-net-worth individuals seeking personalized solutions for managing their crypto assets. The PWM program includes:

  • Dedicated Relationship Managers: Personalized guidance to optimize portfolios and align with long-term investment plans.
  • Exclusive Opportunities: Access to private token sales and vetted blockchain projects through Cryptonomy Ventures.
  • Risk Management: Professional oversight ensures that assets are allocated strategically, balancing risk and return.

PWM investors benefit from a seamless integration of crypto investments and traditional financial planning, making it the ideal choice for secure, growth-oriented wealth management. This program also supports investments in real-world assets, offering clients a diverse range of opportunities.

5. Reinvesting Rewards for Compound Growth

One of the most effective strategies for building passive income is reinvesting earned rewards to compound returns. Cryptonomy simplifies this process through:

  • Automated reinvestment of staking rewards, enabling exponential growth over time.
  • Allocation of Launchpool profits into stable assets or new opportunities for diversified growth.

With Cryptonomy’s reinvestment tools, users can grow their portfolios effortlessly while minimizing manual intervention. These strategies provide better alternatives to speculative initial coin offerings or unvetted projects.

Why Choose Cryptonomy for Passive Income?

Earning passive income from crypto assets requires a platform that combines innovation, security, and reliability. Here’s why Cryptonomy stands out:

  • Institutional-Level Security: A £6.1 billion insurance fund and collateral-backed loans safeguard all investments.
  • Diverse Offerings: From staking and margin trading to Launchpool and PWM, Cryptonomy provides options for every investor.
  • Transparency and Support: With a dedicated support team and clear profit-sharing models, users have full control over their earnings.
  • Expert Insights: Access to professional guidance and research ensures informed decision-making.

Building Wealth Securely in the Crypto Space

The crypto space offers endless opportunities for investors willing to explore innovative ways to generate passive income. From staking rewards to exclusive token launches, Cryptonomy provides the tools and expertise needed to grow your wealth securely. By integrating advanced features like PWM and Launchpool, Cryptonomy bridges the gap between speculative investing and sustainable growth.

Start earning passive income with Cryptonomy today. Visit Cryptonomy to learn more and open your account.

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

XRP Price Finally Crosses $3 for the First Time Since 2018

Sam Wisdom Raphael
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XRP Price Finally Crosses $3 for the First Time Since 2018

After years of anticipation, XRP price has finally crossed the $3 mark amid a massive upsurge that began last week.

XRP has been nothing short of extraordinary over the past three months. Its uptrend began on the back of the Donald Trump election victory last November, allowing it to soar 480% from a low of $0.50 to a seven-year peak of $2.9 on Dec. 3, 2024.

XRP Price Finally Reclaims $3 

Despite the bullish push, XRP faced resistance at the psychologically relevant $3 price mark after conquering $1 and $2 in one fell sweep. This roadblock led to a pullback and subsequent consolidation. However, after six weeks of range-bound price action, XRP has now finally captured $3.

This marked the first time the crypto asset breached the $3 mark since it relinquished it during a correction in early 2018. For context, XRP price witnessed an impressive rally from March 2017 to January 2018, reaching an all-time high of $3.31 before facing a massive correction to drop below $3.

Since then, the asset had failed to reclaim the $3 territory despite occasional pumps in 2021. The recent feat has triggered excitement within the XRP community, with prominent FOX Business reporter Eleanor Terrett calling attention to it in an X post minutes ago. 

Eleanor Terrett on X
Eleanor Terrett on X

What Next from Here?

Data from a daily chart indicates that this achievement comes on the back of an impressive 11.4% increase recorded by XRP today. The altcoin is currently building on a bullish momentum that began over the weekend, which saw an initial 10% price surge on Saturday, Jan. 11.

Despite a 2.81% pullback on Sunday, XRP price began the new week with renewed strength, and is now looking to seal a third consecutive day of intraday gains. Today, the asset soared to a new seven-year top of $3.02 on Bitstamp following the U.S. CPI data release, before witnessing resistance that has triggered a mild pullback.

XRP currently changes hands at $2.97, up 15.54% over the past 24 hours. This makes it the highest 24-hour gainer among the top 10 assets and the fifth-highest gainer among the top 100. The bulls are now looking to engineer another push to conquer the $3 mark, but Commodity Channel Index readings at 236 suggest the market might be overextended.

XRP 1D Chart
XRP 1D Chart

At this point, XRP price might face a more substantial pullback toward the $2.5 support if demand does not surge beyond current levels. Below this, the next support lies at the $2.48 price level, which aligns with the Fib. 78.6% extension. Above, XRP could aim for $3.7 (Fibonacci 1.272) if the bulls conquer $3 and establish it as support in the next few days.

Malaysia Explores Policy to Recognize Crypto After Talks with Binance CZ

Albert Brown
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Malaysia Explores Policy to Recognize Crypto After Talks with Binance CZ

Malaysia is set to explore a regulatory framework for crypto and blockchain technology. 

Prime Minister Datuk Seri Anwar Ibrahim recently held discussions with officials from Abu Dhabi and Changpeng Zhao (CZ), co-founder of Binance, to discuss crypto policies and the digital transformation of Malaysia’s financial sector.

These meetings, part of Anwar’s official visit to Abu Dhabi, highlight Malaysia’s interest in aligning with global trends in financial technology. Zhao took to social media to acknowledge Malaysia’s evolving stance on blockchain technology.

In his post, he clarified that the discussions were not explicitly focused on Binance but on broader issues impacting Malaysia’s crypto industry. They include regulations, policies, potential risks, and opportunities for cross-border collaboration

Emphasis on Regulation and Safeguards

In his statement, Datuk Seri Anwar Ibrahim highlighted the need for comprehensive regulatory measures to oversee digital finance. He emphasized the importance of protecting public interests while preventing financial leakages. 

Anwar proposed that agencies such as the Treasury, Bank Negara Malaysia, and the Securities Commission undertake detailed studies to formulate a robust policy. He noted that embracing innovation, like artificial intelligence, could help modernize Malaysia’s financial systems and foster broader economic transformation.

Furthermore, the Prime Minister emphasized learning from established players, including the United Arab Emirates (UAE) and Binance. He noted that partnerships with experienced nations could accelerate Malaysia’s adoption of digital finance technologies.

Anwar’s remarks align with his broader call to expedite Malaysia’s transition toward a digital economy that departs from traditional business models.

Building on Existing Frameworks

Malaysia’s exploration of digital finance builds on existing efforts to regulate the crypto industry. In June 2024, the Inland Revenue Board (IRB) launched “Ops Token,” an initiative to address tax revenue leakage from crypto trading. 

The operation revealed undeclared trading activities, underscoring the need for stronger compliance measures. The IRB identified significant tax revenue losses and urged traders to declare their earnings promptly.

Hong Kong Court Tests Blockchain for Legal Notices on Suspicious Tron Wallets

Abdulkarim Abdulwahab
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Hong Kong Court Tests Blockchain for Legal Notices on Suspicious Tron Wallets

Hong Kong courts have started using blockchain tech to serve legal notices on illicit wallet addresses. 

A court recently demonstrated this approach in a case involving two suspicious Tron addresses. The tokenized notice allows courts to freeze assets and deliver injunctions in a way that prevents defendants from claiming ignorance.

Industry observers see this move as crucial in combating illicit activities in the crypto scene, presenting a more efficient means of reaching anonymous wallet holders.

In a statement, Joshua Chu, a cybersecurity advisor from Macro Systems, explained that this method serves as a legally recognized form of communication. Moreover, he noted that it creates a deterrent for centralized exchanges, making them hesitate to engage with suspicious wallets.

“This new approach is significant because it removes the defense of ignorance,” Chu said. Accordingly, he noted that failing to comply with the court order could result in criminal violations.

On chain legal notice to anonymous wallet
On-chain legal notice to anonymous wallet

Challenges and Opportunities for Legal Enforcement in Crypto

Before the introduction of blockchain-based notices, serving legal documents to wallet holders was often a challenge. Traditional methods, such as in-person service, registered mail, or online publications, proved inadequate for reaching anonymous parties in crypto transactions.

Moses Park, an attorney for the plaintiff in the Hong Kong suit, confirmed this challenge in a statement. In his words, “serving court orders to wallet holders has been problematic, if not impossible, under existing procedural standards.” 

However, this new method, which places a digital “police tape” around illicitly acquired funds, aims to bridge that gap.

Despite its promise, the technology faces challenges. For instance, by the time the tokenized court orders were placed on the Tron wallets in the Hong Kong case, some of the assets had already been transferred to exchanges.

Overall, while this use of blockchain tech in legal processes is still in its early stages, it holds prospects for broader application. Macro Systems is already testing the technology across other blockchain networks, including Polygon and Ethereum. It plans to expand further in 2025.

Global Adoption of Blockchain for Legal Notices

While Hong Kong is leading the charge in tokenized legal notices, other jurisdictions, such as the U.K. and the U.S., have also explored the use of blockchain in legal cases. 

The High Court has previously granted injunctions in NFT-related theft cases in the U.K. It recognized NFTs as property and allowed legal documents to be served through airdropped NFTs.

In the U.S., the New York Supreme Court also allowed legal papers to be served to anonymous defendants through NFTs.

Despite the progress, experts caution that jurisdictional complexities and the lack of standardized protocols still limit the widespread adoption of blockchain for legal notifications. 

Laurenth Alba, a legal consultant at Rome Protocol, pointed out that enforcing legal actions on pseudonymous parties remains a significant challenge.

Bitcoin Now Less Volatile Than Nvidia, PayPal, and AMD in Sign of Growing Maturity

Albert Brown
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Bitcoin Now Less Volatile Than Nvidia, PayPal, and AMD in Sign of Growing Maturity

IntoTheBlock data shows that Bitcoin is now less volatile than most major technology stocks, a likely sign of improving market maturity.

When people describe Bitcoin, one concept likely to be mentioned is high volatility, especially relative to traditional financial assets. However, this narrative may soon change, at least according to recent data from crypto analytics firm IntoTheBlock.

Bitcoin Less Volatile Than Tech Stocks?

IntoTheBlock data has shown that Bitcoin is now less volatile than most major technology stocks, a likely sign of improving market maturity. 

Volatility in finance describes the price fluctuations of an asset within a defined period. Assets with high volatility can see significant price changes quickly. However, analysts believe highly volatile assets are not mature, as their volatility is often a sign low volume and liquidity, allowing market participants to move the market easily.

In an X post on Wednesday, January 15, IntoTheBlock shared data showing that Bitcoin’s price has been less volatile over the past three months than the stock prices of tech giants like PayPal, Nvidia, and AMD. Specifically, Bitcoin had 34.03% volatility within the period, while PayPal, Nvidia, and AMD had a volatility of 37.15%, 43.30%, and 39.92%, respectively.

Chart comparing Bitcoin volatility to Nvidia PayPal and AMD
Chart comparing Bitcoin volatility to Nvidia PayPal and AMD. Source: IntoTheBlock

To be sure, BVOL, BitMEX’s Bitcoin Historical Volatility Index, suggests that Bitcoin volatility has jumped off a cliff since 2022, dropping from highs of about 82 to move in a tight range between 28 and 13 over the past two years.

BVOL 2025 01 15 15 58 33
BVOL weekly candle chart. Source: TradingView

The metric reflects Bitcoin’s growing maturity in liquidity, volume, and market capitalization. It is likely the result of increased institutional adoption through products like ETFs. At the same time, it is also likely to bolster Bitcoin demand among these institutional investors who prefer more price stability and hold for the long term.

Meanwhile, in a December 2024 report, Catherine Wood’s Ark Invest suggested that Bitcoin’s relatively low volatility pointed to the potential for further room to the upside in 2025.

BlackRock Says Bitcoin Adoption Still Early Despite ETFs’ Year One Success

Elendu Benedict
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BlackRock Says Bitcoin Adoption Still Early Despite ETFs’ Year One Success

BlackRock’s head of digital assets, Robert Mitchnick, says Bitcoin adoption is about to take off as institutional players have yet to fully join the party.

Speaking in a Bloomberg interview, Mitchnick insisted it is still early days for Bitcoin adoption. The BlackRock executive stated that more institutions and wealth advisors would begin gaining exposure to Bitcoin through the iShares Bitcoin Trust (IBIT), broadening the reach of the pioneering cryptocurrency.

Early Days Despite Stellar Year One Performance

BlackRock led what was one of the most successful exchange-traded funds (ETFs) launches in history. The asset manager and ten others launched the Bitcoin spot ETFs a little over a year ago, with the funds gaining instant traction.

On the heels of the impressive inflows, BlackRock’s IBIT became the most successful launch in ETF history, crossing an inflow of $50 billion in record time. The issuer also became the largest Bitcoin holder, overtaking long-standing record holder Satoshi Nakamoto.

Despite these burgeoning feats, Mitchnick insists Bitcoin adoption is still early. He argued that many institutions and wealth advisors have not started buying Bitcoin and hope to attract them this year.

BlackRock Turns Attention to Large-Scale Adoption

The BlackRock executive stated that the asset manager will stick to its year-one strategy, which centers around enlightening its clients about the prospect of holding Bitcoin through IBIT.

While admitting that direct end demand for BlackRock’s Bitcoin ETF was “gangbusters out of the gate,” Mitchnick noted that the issuer is slowly turning its attention to large investors.

He told Bloomberg that Bitcoin adoption by institutions and wealth managers requires time, owing to the rigorous due diligence and approval processes. However, BlackRock remains focused on engaging with them and providing the needed resources and education.

Meanwhile, Mitchnick noted that these large-scale investors are beginning to come around, especially in the last quarter of 2024. Notably, the 13F SEC filing for the previous quarter shows that 682 unique filers hold BlackRock’s IBIT.

Furthermore, BlackRock recently launched an iShares Bitcoin ETF in Canada, expanding its reach. The asset manager intends to foster Bitcoin adoption in the region amid growing demand to gain exposure to Bitcoin.

More Adoption on The Horizon

The Bitcoin ETF is one significant source of inflows into Bitcoin. However, inflows through other means are beginning to gain notable traction.

Since Donald Trump’s November flirt with the crypto industry, corporate firms and nations globally have started showing interest in Bitcoin. Aside from MicroStrategy’s incessant Bitcoin purchases, other firms like Rumble, Matador, and Kurl Technologies have committed to massively stacking the premier asset as a reserve asset.

Meanwhile, market experts have insisted that Bitcoin will see greater adoption if Trump implements his promises to the crypto industry. The pro-Bitcoin president teased regulatory reform favoring digital assets and creating a US strategic Bitcoin reserve.

Bitcoin Renews Push to $100K, Reclaims $99K, as US Inflation Rises to 2.9%

Albert Brown
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Bitcoin Renews Push to $100K, Reclaims $99K, as US Inflation Rises to 2.9%

Bitcoin price rebounds sharply, reclaiming critical price levels, as the latest CPI release suggests the US inflation rate rose to 2.9%.

US Inflation Rises to 2.9%, Bitcoin Responds

Bitcoin has renewed its push toward $100,000, reclaiming the $99,000 mark following the latest U.S. Consumer Price Index (CPI) data release. The December 2024 report indicates a 2.9% annual increase in inflation, up from November’s 2.7%, primarily driven by rising energy costs. 

This inflation uptick has influenced both traditional and crypto markets. Bitcoin’s ascent past $99,000 shows investor optimism. Traditional markets have also responded favorably, with the Nasdaq Composite experiencing a 1.7% gain in the past 24 hours.

Analysts are now monitoring the Federal Reserve’s potential response to these inflation figures. The core CPI, which excludes volatile food and energy prices, rose by 3.2% over the last 12 months, slightly below expectations. This suggests that while inflation is present, underlying pressures may be stabilizing. 

Consequently, the Federal Reserve may opt to maintain current interest rates in their upcoming meeting, with the possibility of rate cuts later if core inflation trends toward their 2% target. 

A Weakening DXY

Market experts have discussed these developments. In the hours leading to the CPI release, Michaël van de Poppe emphasized that it is important to monitor the U.S. Dollar Index (DXY), noting that it has reached a major resistance level near 110. A rotation here could signal the beginning of a new rally for Bitcoin and altcoins.

Further, minutes after the CPI data release, van de Poppe called attention to weakness in yields and the DXY. However, he noted that the crypto market continued to show strength, indicating a favorable environment for Bitcoin’s upward movement.

In contrast, analyst Ali Martinez highlighted potential risks before the CPI release. Citing the TD Sequential indicator, Martinez identified sell signals on the 4-hour charts for Bitcoin, Ethereum, XRP, and Solana, suggesting a possible market correction. 

However, Bitcoin’s resilience and subsequent rise have challenged this outlook, but the market remains indecisive and largely volatile.

Bitcoin Reclaims $99K, Eyes $100K

On Bitcoin’s 4-hour chart post-CPI release, the asset is trading at $99,301, rebounding from a support level of $89,164 earlier in the week. This recovery has formed an ascending channel, indicating a bullish trend. 

Bitcoin is approaching a critical resistance at $100,757, which aligns with the upper boundary of the ascending channel. Surpassing this level could lead to further gains.

Bitcoin 4H Chart
Bitcoin 4H Chart

Meanwhile, Fibonacci retracement levels show that the 0.618 mark at $95,405 served as strong support earlier. However, the 0.786 level at $97,099 was an intermediate barrier before Bitcoin surpassed $99,000 while the 1.272 extension at $101,998 and 1.618 extension at $105,485 are potential upside targets.

The Directional Movement Index (DMI) supports the bullish sentiment, with the +DI rising to 30.18, indicating increased buying pressure, and the -DI declining to 17.4. The Average Directional Index (ADX) at 20.14 suggests a moderately strong trend with potential for further gains. 

Dubai Building 17-Storey Crypto Tower with 150,000 Sq Ft for Blockchain Firms

Lele Jima
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Dubai Building 17-Storey Crypto Tower with 150,000 Sq Ft for Blockchain Firms

The Dubai government is developing a 17-story Crypto Tower to support businesses relating to blockchain, Web3, and DeFi. 

The government is building the tower following a partnership between Dubai’s Multi Commodities Center (DMCC) and REIT Development. According to a report from Emirates 24/7, the Crypto Tower is currently under construction in Jumeirah Lakes Tower (JLT), Dubai. 

Features of the Crypto Tower 

Notably, the proposed crypto tower will feature nine office floors. Blockchain incubators, VCs, and other investment companies will occupy three floors, with an extra floor dedicated to AI innovation. 

Other amenities include a gold bullion shop and a vault storage area for storing valuables like gold and cold wallets.  

The top three floors will be a crypto club for networking and leisure. Furthermore, it will provide 150,000 square feet of leasable space for companies hoping to operate within the hub. 

Notably, the tower is expected to complement DMCC’s existing crypto center, providing an advanced space for fostering innovation. 

Developers will equip the tower with state-of-the-art facilities and cutting-edge technology, integrating them with advanced AI solutions. In addition to the core amenities, the hub will feature notable facilities, including an exotic car shop and an NFT gallery. 

Dubai Crypto Tower to be Completed in Q1 2027 

The building is set to be completed by the first quarter of 2027, two years from now. Upon completion, it will use blockchain for tenant interactions and transactions via smart contracts and on-chain voting. 

Through this initiative, the tower will not only enhance transparency but also mitigate administrative burdens. 

DMCC and REIT Execs React 

Commenting on the development, DMCC Chairman Ahmed Bin Sulayem emphasized that the soon-to-be-completed Crypto Tower will sit at the interface of real estate, blockchain, and Web3. 

He opined that it showcases the future of Web3 and leverages blockchain to guarantee transparency and ownership. 

Brenda Stratton, REIT’s Communication Director, also issued a statement about the Crypto Tower’s ongoing development. 

“By combining blockchain tech with real-world construction in Dubai’s DMCC, we’re constructing a physical tower that serves as a foremost hub for the crypto community,” Stratton said. 

It is worth noting that Dubai has continued to lead the charge in blockchain adoption in the United Arab Emirates. Unlike most cities, Dubai has friendly regulations for its crypto sector, attracting businesses like Ripple, which is currently embroiled in a multi-year lawsuit in the United States. 

Analyst Explains Why XRP Surging So Easily Despite Large Market Cap

Albert Brown
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Analyst Explains Why XRP Surging So Easily Despite Large Market Cap

XRP has been experiencing a remarkable surge in price recently, drawing attention as it continues to move higher despite its large market capitalization. 

For context, XRP has risen by 194% in the last eight weeks. In comparison, Bitcoin took the entire year of 2024 to post a gain of 124%. In other words, XRP is achieving in weeks what takes Bitcoin several months to accomplish in terms of price movement.

According to crypto analyst Dom, the rapid price movements of XRP are due to a combination of low supply and thin order books. In his view, these factors make XRP more susceptible to volatility.

XRP Price Moving Are Easier Than Bitcoin

In a recent tweet, Dom explained that the market cap of an asset is not particularly necessary when determining the rate of its price movements. Instead, the liquidity in the order book determines how easily a price can move. 

Using Binance perpetual markets as an example, Dom outlined how much capital is needed to move the prices of BTC and XRP by 25%.

Specifically, he cited that it takes about 985 million USDT to clear 9,040 BTC and push the price up by 25%. In contrast, it only requires 59.73 million USDT to clear 19.88 million XRP price and effect a price gain of 25%.

According to his calculation, it is approximately 16.5 times easier to trigger a 25% jump in XRP price compared to Bitcoin, purely due to the thinness of XRP’s order book.

The Role of Liquidity and Supply in XRP Sharp Movements

Furthermore, Dom argued that XRP’s sharp price increases are largely due to its fragile order book, where the limited sell-side liquidity creates a “vacuum effect.” When significant buy pressure hits, the price jumps vertically until it finds resistance from more enormous sell walls. 

This phenomenon is more pronounced in cheaper assets like XRP, which have a smaller liquidity pool than expensive assets like Bitcoin.

Furthermore, Dom highlighted that XRP holders tend to have long-term perspectives. Many are holding the asset after enduring years of volatility. Hence, they are unlikely to sell after 5X gains, especially since XRP remains below its peak.

As a result, supply remains constrained, contributing to less selling pressure even during substantial price increases.

Ultimately, Dom concluded that XRP’s price movement is a result of basic supply and demand mechanics. The asset will likely see significant resistance once larger supply enters the market. At that time, it will become evident in the order books as sell orders accumulate.

Two Bullish Pattern Hint Dogecoin Set for Over 30% Rally

Albert Brown
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Two Bullish Pattern Hint Dogecoin Set for Over 30% Rally

Market analyst “CobraVanguard” asserts that Dogecoin may be on the brink of a major rally.

Amid macroeconomic headwinds in recent weeks, doggy-themed crypto Dogecoin (DOGE) has dropped significantly from recent highs of $0.48. But if one analyst is to be believed, the asset may be on the verge of recouping the bulk of these losses.

Bullish 4-Hour Chart Patterns

Market analyst “CobraVanguard” has asserted that Dogecoin may be on the brink of a major rally.

In a TradingView idea published on Tuesday, January 14, the analyst contended that DOGE could be set to rally 34% from the current price of about $0.35 to $0.47. 

CobraVanguard disclosed this, citing “two bullish patterns” on the meme coin’s four-hour candle chart.

DOGEUSDT 4 hour candle chart
DOGEUSDT 4 hour candle chart. Source: CobraVanguard

The first pattern was an ascending triangle chart pattern DOGE entered in early December 2024 with resistance around the $0.40 price point. The pattern is often believed to be bullish as the asset’s price continues to record higher lows.

Meanwhile, CobraVanguard highlights that DOGE also appears to be forming a cup and handle pattern within this ascending triangle chart pattern. The analyst asserts that a breakout of either of these patterns was likely to spark a run to the $47 price point.

The recent analysis follows last week’s data suggesting that the average returns of DOGE traders had turned negative amid market struggles. At the time, however, Santiment Feed had noted that the decline could offer opportunities for savvy traders, especially as it anticipated a market recovery in the short to medium term.

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