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XRP and Dogecoin Lead Grayscale Weekly Crypto Snapshot

Lele Jima
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XRP and Dogecoin Lead Grayscale Weekly Crypto Snapshot

XRP (XRP) and Dogecoin (DOGE) rank among the notable gainers in Grayscale’s latest weekly snapshot featuring the top 10 best-performing cryptocurrencies. 

According to the data, Dogecoin and XRP recorded strong weekly returns between December 26, 2024, and January 2, 2025. This significant feat elevated them to Grayscale’s list of top gainers over the past week. 

XRP and Dogecoin Weekly Performances 

Per the data, XRP registered a return of 11.9% in the past week, positioning it as the second-biggest gainer in the snapshot from December 26, 2024, to January 2, 2025. 

As of January 2, XRP boasts a year-to-date (YTD) return of 15.9%, pushing its market cap to $139.9 billion. Notably, XRP ranked behind Cardano (ADA), which took the first position with a weekly return of 12.2%. 

However, Dogecoin witnessed a surge of 8.6% within this timeframe, making it the fourth-biggest gainer for the period ending January 2, 2025. The data showed that Dogecoin has already soared 7.1% within the first two days of the year. When the data was published, Dogecoin had a market cap of $53.5 billion. 

Grayscale Weekly Snapshot 

Overall, Grayscale’s weekly snapshot shows that Cardano led with a 12.2% return, followed closely by XRP’s 11.9% gain in one week. Solana (SOL) took the third position with a 10.5% weekly surge, and Dogecoin claimed the fourth position thanks to its 8.6% price increase. 

Avalanche (AVAX), Tron (TRX), Ethereum (ETH), Binance Coin (BNB), Bitcoin (BTC), and Toncoin (TON) ranked behind Dogecoin. These assets posted modest returns of 5.1%, 4.9%, 3.6%, 2.6%, 1.3%, and -1.4%, respectively, over the past week. 

Potential Factors Behind XRP and DOGE Rallies 

Meanwhile, XRP’s surge is most driven by optimism surrounding the potential resolution of the SEC v. Ripple lawsuit. XRP proponents are confident that the multi-year lawsuit will be resolved under the new SEC administration, led by pro-crypto advocate Paul Atkins. 

This speculation soared recently following the inauguration of the 119th U.S. Congress, which Ripple CEO Brad Garlinghouse nicknamed the most pro-crypto Congress in history. 

On the other hand, Dogecoin has attracted the attention of top market observers, with many projecting that the memecoin may soar to unprecedented levels in 2025. In particular, popular analyst Javon Marks forecasted that Dogecoin could trade above $20 this cycle, which is expected to end in 2025. 

This optimistic forecast boosted Dogecoin’s demand, with whales accumulating 300 million DOGE on January 1. These investors are increasing their DOGE holdings in anticipation of the token’s imminent surge to ambitious targets like $20. 

In the meantime, XRP is trading at $2.46, up 13.85% over the past week. Similarly, Dogecoin has also soared 22.49% in the same timeframe to $0.3876. 

MicroStrategy to Raise $2B Stock Sales to Buy More Bitcoin

Elendu Benedict
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0
MicroStrategy to Raise $2B Stock Sales to Buy More Bitcoin

MicroStrategy, a business intelligence firm that has turned to a Bitcoin proxy company, announces plans to raise more capital to expand its Bitcoin bag.

It is a new year, but the same old MicroStrategy. The largest corporate holder of Bitcoin has wasted no time in pursuing its insatiable ploy of holding more of the pioneering cryptocurrency.

In an announcement on Friday, January 3, the software firm stated it plans to raise $2 billion to buy more Bitcoin. Again, MicroStrategy will leverage a debt instrument to raise the funds, offering preferred stocks to interested investors.

MicroStrategy to Raise $2B to Buy More Bitcoin

MicroStrategy’s latest move aligns with its plan to raise $21 billion through equity sales and $21 billion of fixed-income instruments in the next three years to buy more Bitcoin. The Michael Saylor-co-founded firm introduced the initiative, fondly termed the “21/21 plan,” in October and has raised over $7.5 billion through the means.

The proposed $2 billion preferred stock issuance will take precedence over the company’s class A common stock. It will feature provisions including convertibility into class A shares, the payment of cash dividends, and the option for share redemption.

Nonetheless, MicroStrategy has not determined the price or other details of the offering. Furthermore, the software firm reserves the right to discontinue the offering but will execute it, if at all, in the first quarter of the year.

MicroStrategy Means Business

Since adopting Bitcoin as a primary reserve asset in 2020, MicroStrategy has incessantly acquired the asset. These purchases have ensured that it trounces other corporate firms in the number of bitcoins held.

The business development firm holds 446,400 BTC, valued at $43.81 billion at the current market price. Notably, BlackRock is the only firm holding more BTC than MicroStrategy. However, the leading Bitcoin spot ETF issuer does not particularly own any of them but keeps them on its client’s behalf.

Meanwhile, market users have seen MicroStrategy’s stock as a leveraged means of exposure to Bitcoin due to its growing mirror of the asset’s performance. This was seen in MSTR’s over 417% upsurge in the past year, fueled by Bitcoin’s bullish momentum. 

The stock’s impressive performance ensured it entered the Nasdaq 100 index for non-financial firms. MSTR closed the last trading session at $399.66 after a resounding 13% daily upswing.

Analyst Shows XRP Price Rose 1,000% When Bitcoin Dominance Dropped 30% Last 2 Cycles 

Sam Wisdom Raphael
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Analyst Shows XRP Price Rose 1,000% When Bitcoin Dominance Dropped 30% Last 2 Cycles 

An analysis from market watcher Dom suggests the true XRP price pump could still be in the works, citing current Bitcoin dominance position.

XRP’s recent recovery, which has seen its price climb to $2.45 in January 2025, has triggered optimism. Market analysts such as Dom have pointed to Bitcoin dominance (BTC.D) as a factor that could determine XRP price path in the coming months.  

Bitcoin dominance, a metric representing Bitcoin’s market share relative to the entire crypto market, has recently declined. It dropped to 56.93% from a high of 59.92% on Dec. 20, 2024. 

XRP Price Rally Still Early

Historically, massive drops in BTC.D have triggered altcoin season, a period when capital flows from Bitcoin into altcoins like XRP. Dom, a notable crypto analyst, has repeatedly discussed this relationship in his market assessments.  

In the latest update, Dom observed that in previous market cycles, XRP experienced exponential gains whenever BTC.D witnessed substantial declines. During the last two cycles, Bitcoin dominance fell by around 30%, coinciding with XRP price surges of over 1,000%. 

However, in the current market cycle, BTC.D has only dropped by about 5%, suggesting that the most significant moves for XRP and other altcoins might still be ahead. Despite this, XRP has increased by nearly 500% since early November.

According to Dom, the current XRP price rally might be a precursor to a larger move. He speculated that the present gains could come from new capital entering the market rather than a shift from Bitcoin into altcoins. 

This trend prepares the pathway for an even more substantial rally once Bitcoin dominance undergoes a more pronounced decline.  

Altcoin Season on the Horizon

For context, XRP’s resurgence began in November 2024 after breaking above the $1 mark for the first time in three years. At the time, Dom described the move as unusual because it occurred without a noticeable drop in Bitcoin dominance, which typically accompanies XRP price surges. 

XRP Price vs Bitcoin Dominance Dom
XRP Price vs Bitcoin Dominance | Dom

Interestingly, when XRP rallied to surpass the $1-mark, Bitcoin dominance remained high at around 58%. Dom noted that this strange occurrence could indicate either a temporary price movement or the early stages of a broader market rally.  

Now, as Bitcoin dominance continues its gradual decline, market participants have become optimistic about the arrival of altcoin season. Notably, altcoin seasons typically lead to Bitcoin’s relative underperformance and capital inflows into other crypto assets. 

For instance, Michaël van de Poppe, another prominent market veteran, has persistently emphasized the imminent arrival of the altcoin season. He attributed the recent strength in the altcoin market to the fading of FUD around regulatory issues concerning USDT and MiCA. 

Van de Poppe described the current market phase as the beginning of a new crypto bull cycle. He stressed that this period presents exceptional potential for returns, particularly for altcoins like XRP, which have endured an extended bear market. At press time, XRP trades for $2.47, up 15% in a week.

Ripple CEO Welcomes Most Pro-Crypto Congress in History

Lele Jima
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Ripple CEO Welcomes Most Pro-Crypto Congress in History

Ripple CEO Brad Garlinghouse expresses optimism about the future of the crypto industry following the inauguration of the 119th Congress. 

The Ripple CEO took to X yesterday to welcome the 119th United States Congress, which he hailed as ‘the most pro-crypto Congress in history.’ 

His statement signals a potential shift toward a more favorable regulatory environment for the crypto industry. This speculation comes amid growing demand for a clearer regulatory framework to guarantee investors’ protection and foster innovation within the industry. 

The Beginning of More Positive Developments for Crypto 

Garlinghouse emphasized that the inauguration of the most pro-crypto Congress marks the beginning of more positive developments for crypto. 

Notably, he recognized the energy and excitement building across the industry following the inauguration of the 119th Congress, which has more than 200 pro-crypto advocates. 

Pro-Crypto Advocates Fill 298 Congressional Seats 

It is common knowledge that the crypto industry was fully involved in the just-concluded 2024 U.S. election. The sector made significant financial donations to different congressional candidates directly and through political action committees (PACs). 

This effort paid off immensely, as most pro-crypto congressional candidates emerged victorious. Prominent cryptocurrency advocacy hub Stand With Crypto claimed that 298 pro-crypto advocates were inaugurated into the 119th Congress. 

Congress to Deliberate on Crypto Policy Soon 

Although Congress began its session yesterday, it is expected to weigh into crucial matters, including crypto, in the coming months. 

In the meantime, Rep. French Hill, the House Financial Service Committee leader, has already appointed Allison Behuniak as policy director of the committee. 

For context, Hill is a pro-crypto advocate who is poised to prioritize crypto regulation, particularly the FIT21 Act and stablecoin regulation, this year. 

While the FIT21 Act revolves around determining which regulatory agency between the CFTC and SEC will regulate the crypto industry, the stablecoin regulation focuses exclusively on stablecoins. 

Following the inauguration of the 119th Congress, stakeholders like Garlinghouse are optimistic that the pro-crypto lawmakers will establish favorable policies that will drive the growth of the broader industry. 

Here is How High XRP May Reach in Worst Case Scenario

Albert Brown
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Here is How High XRP May Reach in Worst Case Scenario

XRP experienced a significant bullish surge in early 2025, with analysts predicting a potential rise to anywhere between $7 in the worst-case scenario and $20 by the end of the year.

Currently priced at $2.41, XRP has shown a steady increase of 9.71% over the past week and a slight 0.69% rise in the past 24 hours. This upward momentum follows a rally that began during the New Year celebrations.

XRP Worst Case Scenario for 2025

Amid the bullish momentum, one prominent voice in the XRP community, “The Modern Investor,” shared a promising forecast for XRP 2025. He cited an analysis that argued the worst-case scenario for XRP in 2025 is $7 per coin. Meanwhile, the expected “normal” scenario could push the coin to between $16 and $20. 

In addition to these projections, “The Modern Investor” also noted that XRP could reach $10 in the near term. He notes that this price point could trigger heightened excitement and further investments, especially among retail traders.

XRP’s extensive network of financial institutions and central banks is often cited as one of the primary reasons for such bullish forecasts. Ripple’s ongoing work with Central Bank Digital Currencies (CBDCs) further strengthens this view.

XRP Projected Dynamics Post Ripple Lawsuit

In a related update, XRP pundit Digital Asset Investor also expressed an optimistic forecast for the token’s future. Drawing insights from an AI-powered chatbot, he highlighted the potential for XRP to achieve new all-time highs following the conclusion of its ongoing legal battle.

This optimistic perspective suggests that a favorable resolution in the case could trigger significant price growth fueled by renewed investor confidence.

Over the years, the legal battle between Ripple and the SEC affected XRP’s price trajectory. For context, the lawsuit, which began in December 2020, caused a sharp decline in XRP’s value, with the coin dropping to as low as $0.17.

However, some analysts now speculate that a favorable ruling for Ripple could reverse these losses and push XRP to new price levels. XRP has already reclaimed most of the losses for the SEC case and is now attempting to break a new peak after seven years of trading below. At press time, XRP is trading at $2.41.

Rising Interest in XRP in South Korea

In a related report, recent data highlights XRP’s growing prominence, particularly in South Korea’s crypto market. Specifically, XRP surpassed Bitcoin in trading volume on local exchanges such as Upbit. 

XRP accounted for nearly three times the trading volume of Bitcoin on Upbit, with $606 million compared to Bitcoin’s $246 million. This trend was also evident on other major South Korean platforms, including Bithumb and Coinone.

Ethena Price Forecast: Can ENA Yield 300% Returns As JetBolt Steals The Spotlight

PR DESK
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Ethena Price Forecast: Can ENA Yield 300% Returns As JetBolt Steals The Spotlight

As 2025 unfolds, the crypto market watches Ethena (ENA) and JetBolt (JBOLT) chart distinct paths toward innovation and growth. Ethena ended 2024 with significant DeFi advancements, launching stablecoins like sUSDe and USDtb to boost liquidity and scalability. Despite a 63% surge, analysts note that yields nearing 300% remain unlikely for now.

JetBolt, on the other hand, has kicked off 2025 with strong momentum, selling 230 million tokens to date. Powered by the Skale blockchain, it offers zero gas fees and features like Alpha Boxes and AI-driven insights, making it a rising force in the altcoin space. Could these two projects reshape the crypto narrative this year? Let’s find out.

Ethena Advances DeFi With Strategic Moves and New Stablecoins

Ethena (ENA) concluded 2024 with strategic milestones aimed at solidifying its presence in DeFi. On December 19, its sUSDe stablecoin was integrated into World Liberty Financial’s Aave-based protocol to bolster liquidity and rewards for users.

Earlier in the month, Ethena partnered with Derive, a decentralized trading platform, setting the stage for the January 2025 launch of Derive’s DRV token.

Ethena further expanded its ecosystem with the December 17 debut of USDtb, a stablecoin backed by BlackRock BUIDL, targeting enhanced scalability and liquidity across Ethereum and Solana.

ENA’s market cap topped $3 billion after a 63% surge in December, though fluctuations tempered overall gains. While analysts note ENA’s sustained trading volumes and resistance breakthroughs as encouraging, yields reaching 300% remain out of reach for now.

Currently trading at $1.04, with a 12.29% gain in seven days, Ethena’s momentum reflects measured optimism within the crypto landscape.

JetBolt Kicks Off 2025 With Soaring Figures

JetBolt (JBOLT) has entered 2025 on a high note, building on its achievements from the previous year and signaling growing adoption for fast, gas-saving altcoins. Powered by the Skale blockchain, JetBolt has sold 230 million tokens to date, showcasing strong community interest and adoption. Its unique features, like AI-driven insights and categorized Web3 news, continue to attract attention for its innovative approach to simplifying crypto analysis.

This commitment to delivering an excellent crypto experience is further bolstered by the JetBolt newsletter, which delivers daily updates on trending coins and market sentiment. This focus on user convenience has positioned JetBolt as a go-to solution for navigating emerging altcoins, particularly for crypto whales seeking younger innovative blockchain technologies.

JetBolt also eliminates gas fees for transactions on the platform, a feature made possible through its Skale blockchain integration. This ensures users can execute trades and explore staking opportunities without incurring additional gas costs.

Additionally, JetBolt’s exclusive presale perk via Alpha Boxes—offering up to a 25% token bonus during its presale—has proven to be a strong draw for early adopters, further fueling engagement. With these strengths, many crypto analysts have pointed out that JetBolt could potentially be the best crypto coin to buy in 2025.

Final Take: Can Ethena and JetBolt Lead The Charge in 2025?

Ethena’s ecosystem expansion and JetBolt’s rapid adoption signal a dynamic start to the year for both platforms. Ethena’s innovative approach to stablecoins and liquidity solutions reflects its commitment to advancing DeFi utility. However, JetBolt (JBOLT) continues to steal the spotlight with its strong 230 million token sales and innovative gas-saving features. These developments highlight the growing competition and evolution within the crypto space, where adaptability and innovation remain key.

Visit JetBolt’s official website to learn more about this new altcoin’s groundbreaking technologies and exciting presale perks.

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.

Altcoin Gems Revealed: Analysts Share Top 5 Picks To Supercharge Your Portfolio

PR DESK
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Altcoin Gems Revealed: Analysts Share Top 5 Picks To Supercharge Your Portfolio

The world of cryptocurrency is brimming with opportunities beyond the well-known tokens. Analysts have identified promising altcoins that could significantly boost investment portfolios. This article uncovers five standout digital assets that may offer substantial growth potential. Delving into these lesser-known coins could be the key to unlocking new avenues in crypto investments.

Catzilla: Roaring Into the Meme Coin Arena With Unmatched Profit Potential

In the ever-evolving world of meme coins, new contenders constantly emerge, and Catzilla is positioning itself as an ambitious player. Drawing inspiration from successful tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE, Catzilla aims to blend viral meme culture with significant financial growth. What sets Catzilla apart is its unique storytelling—a giant, Godzilla-like cat wreaking havoc, which taps into the chaotic energy of Japanese kaiju culture. This game-based narrative not only engages gamers but attracts crypto investors looking for the next big thing.

With a fiery combination of anime-inspired chaos and a rebellious mission, Catzilla is rallying crypto enthusiasts and cat lovers, and anime fans to join its movement for a more equitable, decentralized crypto space.

Catzilla is Ready to Disrupt the Market!

Unlike many meme coins that burn bright and fade away, Catzilla is here for the long haul, offering investors real potential with a massive 700% ROI. Catzilla’s presale offers a 14-stage process, giving investors multiple opportunities to buy in early. With each stage, the token price gradually rises.

Unlock Triple Value for Maximum Gains

Catzilla operates on a threefold value proposition: epic gameplay, a unifying mission, and a vibrant community. Players can enjoy a thrilling game experience while earning rewards, all while being part of a growing movement that merges the fun of meme culture with the potential for financial freedom.

Join the Catzilla Revolution

Catzilla positions itself as a symbol of resistance against the greed and manipulation often seen in the crypto world. By embracing its bold and monstrous persona, Catzilla seeks to restore the playful, decentralized nature of meme coins while ensuring a fair and transparent ecosystem for its users.

Join the Feline Frenzy! $CATZILLA Is on the Rise. Claim Your Share Today!

dYdX: A Decentralized Exchange with Layer-1 and Layer-2 Innovations

dYdX is a decentralized exchange offering permissionless trading of perpetual futures. It operates through dYdX Chain, a Layer-1 network built with Cosmos SDK and secured by CometBFT, and dYdX V3, a Layer-2 solution using StarkWare’s zero-knowledge rollup technology on Ethereum. The platform allows users to trade using USDC with lower costs and faster transactions, without a central party collecting fees. Founded by Antonio Juliano in 2017, dYdX has introduced innovations like flash loans. The migration to a native DYDX token on the dYdX Chain in 2023 enhances its ecosystem. Given its technological advancements and growth in decentralized finance, the DYDX coin appears to have potential in the current market cycle.

Fetch.AI: Decentralized AI Network with Growth Potential by 2030

Fetch.AI (FET), founded in 2017 and launched on Binance in March 2019, is an artificial intelligence lab creating an open, decentralized machine learning network. It enables anyone to access AI technology through a permissionless network that connects secure datasets using autonomous AI to perform tasks globally. Fetch.AI focuses on applications like optimizing DeFi trading, transportation networks, smart energy grids, and travel systems. Based on historical price trends and Bitcoin halving cycles, Fetch.AI’s price could reach between $0.601469 and $1.190916 by 2030, potentially gaining 39.51% from today’s price. With its innovative technology and broad use cases, Fetch.AI appears to be an attractive option in the current market cycle.

Kaia: Uniting Klaytn and Finschia for Asia’s Web3 Revolution

Kaia is a high-performance public blockchain formed by merging Klaytn and Finschia, initially developed by Kakao and LINE respectively. As Asia’s largest Web3 ecosystem, Kaia integrates with the KakaoTalk and LINE messengers, which together have over 250 million users. This integration allows users to experience Web3 functionalities with the ease and speed of Web2 within their favorite messenger apps. By bringing blockchain technology to a massive user base, Kaia has significant potential to accelerate the adoption of decentralized applications in Asia. Given its strong backing and extensive network, Kaia presents interesting prospects in the evolving blockchain market.

Shiro Neko ($SHIRO): A New Memecoin on the Ethereum Blockchain

Shiro Neko ($SHIRO) is a memecoin launched on the Ethereum blockchain. Named after the Japanese words for “White Cat,” it draws inspiration from popular tokens like Shiba Inu. $SHIRO aims to build a fun and engaging community where every holder feels part of the journey. With its liquidity pool burned and contract renounced, the project focuses on transparency and decentralization. Shiro Neko invites both experienced crypto enthusiasts and newcomers to join its ecosystem. In the current market cycle, memecoins like $SHIRO may appeal to investors looking for accessible opportunities in the crypto space. The coin’s potential lies in its community-driven approach and the growing interest in meme-based cryptocurrencies.

Conclusion

While DYDX, FET, KAIA, and SHIRO may offer less immediate gains, Catzilla stands out as the ultimate meme coin hero with a 700% ROI potential during its presale. With governance features, rewards, and staking options, Catzilla aims to unite crypto enthusiasts in the fight for true financial freedom.

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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.

Here are Bitcoin and Ethereum 2025 Price Predictions by Galaxy Research

Sam Wisdom Raphael
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0

Galaxy Research, the research arm of Galaxy Digital, makes Bitcoin and Ethereum 2025 price predictions as 2024 comes to a close.

Entering 2025, Galaxy Research has revealed its forecasts for the crypto sector. The past year, 2024, saw major progress, including regulatory milestones and heightened institutional engagement.

The year also witnessed the introduction of U.S. spot Bitcoin exchange-traded funds (ETFs). Meanwhile, looking ahead, the Galaxy Research team predicts notable growth prospects for Bitcoin and Ethereum.

Bitcoin Predictions for 2025

Alex Thorn, who leads Firmwide Research at Galaxy Research, sees Bitcoin exceeding $150,000 in the early part of 2025 and possibly climbing to $185,000 by year-end. For context, Bitcoin currently trades for $97,089.

This growth could come from wider adoption by governments, corporations, and institutional investors. As Bitcoin gains further recognition as a reliable asset class, Thorn expects it to outperform traditional investments such as the S&P 500 and gold.

Meanwhile, Galaxy Research predicts that U.S. Bitcoin ETFs will manage over $250 billion in assets by the close of 2025. This anticipated growth would follow an impressive debut year, during which these products attracted over $36 billion in net inflows.

Further, Jianing Wu, a research associate at Galaxy, says five countries and five companies in the Nasdaq 100 will incorporate Bitcoin into their reserves in 2025. 

This move may be driven by strategies for trade settlement, portfolio diversification, or long-term positioning. Wu also foresees heightened competition among nations to mine or purchase Bitcoin, particularly from those with sovereign wealth funds or geopolitical tensions with the United States.

In addition, Gabe Parker, a research analyst at Galaxy, predicts that Bitcoin developers will reach agreement on new protocol upgrades during 2025. Although updates like OP_CTV and OP_CAT may not be deployed this year, their approval could set the stage for greater programmability within the Bitcoin network. 

Additionally, Parker expects the Bitcoin DeFi ecosystem to nearly double in value. He believes this could come from growing utilization of Bitcoin in decentralized finance platforms and staking services.

Ethereum Predictions for 2025

For Ethereum, Alex Thorn predicts that the price of ETH will exceed $5,500 in 2025 due to easing regulatory challenges and deeper collaboration between DeFi and TradFi. Notably, ETH changes hands at $3,526 as of press time. 

He expects an increase in corporate adoption of Ethereum’s layer-2 (L2) technologies and a potential revival in NFT trading volumes. The ETH/BTC ratio could range between 0.03 and 0.045, as regulatory clarity reignites interest in Ethereum’s ecosystem.

Interestingly, Christine Kim, Vice President at Galaxy Research, projects Ethereum staking rate will surpass 50% by late 2025. Improved regulatory clarity under the Trump administration could allow ETFs to incorporate staking features, boosting demand further. 

Finally, Charles Yu, another Vice President at Galaxy, predicts L2 solutions on Ethereum will outpace alternative L1 blockchains in economic activity. He estimates that fees generated by Layer 2s will grow to 25% of all Alt L1 fees.

Over $2.6B in Bitcoin and Ethereum Options Expire Amid Strong Start to 2025

Abdulkarim Abdulwahab
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0
Over $2.6B in Bitcoin and Ethereum Options Expire Amid Strong Start to 2025

The crypto derivatives market opened 2025 with significant activity, registering a substantial $2.6 billion in expired options contracts for Bitcoin and Ethereum.

Emphatically, today’s expiration figure marks the year’s first weekly options delivery. It also indicates increasing market engagement as global participants return from the holiday season.

Key Highlights from the Expiry in Bitcoin Contracts

The Bitcoin options market saw 20K BTC options expire, with a Put/Call Ratio 0.69. These expired contracts held a value of $1.93 billion.

In the Ethereum market, 206K ETH options evaporated, with a bear-to-bull ratio of 0.81 and a notional value of $710 million. Collectively, $2.64 billion worth of Bitcoin and Ethereum options expired today.

Notably, Bitcoin’s Put/Call ratio of 0.69 indicates a more bullish sentiment, with more call options than puts. In contrast, Ethereum’s options show a slightly more bearish outlook, with a ratio of 0.81.

These figures highlight strong institutional and retail interest in crypto derivatives as the year begins, as the spot market gradually becomes bullish.

Bitcoin has stabilized around $96,500, showing a barely noticeable 0.2% increase over the past 24 hours. This follows yesterday’s surge to nearly $98K after briefly dipping below $90K just four days ago.

Meanwhile, Ethereum has largely mirrored Bitcoin’s movements, trading at $3,482 with a 0.47% gain over the past day. Earlier today, ETH teased the psychological $3,500 level before briefly retracing.

Mixed Sentiment and Potential Catalysts 

Despite the impressive numbers, the week’s theme is one of correction, with no sustained trends or hotspots emerging yet, according to a commentary from Greeks.live.

The volatility in the U.S. stock market and the Federal Reserve’s anticipated decision to maintain interest rates are tempering short-term optimism. This cautious sentiment aligns with the ongoing sentiment observed in the crypto market.

However, optimism persists in the market. Donald Trump’s upcoming inauguration as U.S. President continues to spark expectations of favorable policy shifts that could positively impact cryptocurrencies.

Moreover, market participants are looking forward to deeper integration between traditional finance and the crypto industry, with major corporations and governments holding Bitcoin reserves, potentially acting as catalysts for further growth.

Galaxy Digital Predicts What Price Dogecoin Will Reach in 2025

Elendu Benedict
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0
Galaxy Digital Predicts What Price Dogecoin Will Reach in 2025

Notable cryptocurrency firm Galaxy Digital shares its opinion on Dogecoin price and market cap expectations for the year 2025.

The cryptocurrency market recorded significant milestones last year. Some of them include a new high for Bitcoin, the maiden launch of the US Bitcoin spot exchange-traded funds (ETFs), and the election of the first openly pro-crypto US president in history.

Meanwhile, a new year is upon us, and with it comes fresh price outlooks. Galaxy Digital, one of the biggest crypto firms, has predicted what price the Shiba Inu-themed meme coin Dogecoin will attain before the end of 2025.

Galaxy Research Provides Dogecoin Outlook

Alex Thorn, the head of research at Galaxy Digital, has asserted that Dogecoin, the largest meme coin by market cap, will finally reach a $100 billion market cap. Notably, this valuation is unprecedented for the meme coin, whose market cap peaked at $98.47 billion in 2021.

For context, the $100 billion valuation will bring Dogecoin’s price to $0.678, 8% below its current all-time high of $0.739. Also, Dogecoin would surge an impressive 87% from the present market price to hit $0.678. 

Meanwhile, Galaxy Research does not expect Dogecoin to peak there. Per its analysis, the meme coin will surpass its current ATH this year and finally attain a one-dollar valuation.

A surge to $1 will ensure Dogecoin’s market cap trades at $147.47 billion, an impressive 176% from the current valuation. Its price would also see a similar uptick to reach $1.

Notably, Galaxy Research also provided price expectations for other cryptocurrencies. The firm asserted that Bitcoin will hit $185,000 and Ethereum $5,550 by the end of the year.

Conservative or Ambitious?

Galaxy Digital’s Dogecoin prediction followed speculations from other analysts. Notably, the firm’s call seems conservative compared to existing predictions of the meme coin leader’s upsurge potential this year.

For context, Ali Martinez has insisted that Dogecoin will target ranges between $4 and $23, citing multiple price catalysts. Some of them include an upsurge to the tip of its ascending channel and a possible repeat of its 2021 bull cycle feat.

Furthermore, an analysis from Tradigrade has shown that Dogecoin will hit $11. The market speculator based his assertion on a possible breakout from the Gaussian channel.

In the meantime, Dogecoin trades at $0.361, up over 6% in the past 24 hours.

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