Home Blog Page 1065

Bitwise CIO Matt Hougan Says Bitcoin Will Hit $500,000 if US Reserve Bill Passes

Elendu Benedict
-
0
Bitwise CIO Matt Hougan Says Bitcoin Will Hit $500,000 if US Reserve Bill Passes

Bitwise CIO Matt Hougan speculates that Bitcoin will surge as high as $500,000 if the US government establishes a strategic reserve for the asset.

The Bitcoin strategic reserve motion is gaining momentum following Trump’s win. The president-elect’s choice of cabinet members also suggests that he intends to keep his end of the bargain and allow cryptocurrencies to thrive in the US.

Amidst the US Bitcoin reserve speculations, Bitwise’s chief investment officer, Matt Hougan, has discussed its impact on the premier asset. In an interview, he noted that if the bill passes, Bitcoin will be worth half a million dollars.

Reserve Implementation to Boost Bitcoin’s Price

Meanwhile, Hougan argued that creating a US Bitcoin stockpile is a big deal for the asset. He emphasized that the ploy would attract more countries globally to the pioneering cryptocurrency, spurring greater demand.

The CIO insisted that the bullish scenario would steer a Bitcoin outburst, pushing the asset past its $200,000 target. Following the reserve creation, Hougan envisions a rip to between $300,000 and $500,000 per Bitcoin.

Notably, the Trump-Bitcoin romance is already sparking FOMO in several countries. At the moment, Russia, Brazil, and the European Union are teasing a Bitcoin strategic reserve idea, while Canada’s Vancouver recently approved a bill allowing them to hold the premier asset.

Bitcoin to Trounce 2024 Performance Next Year

Meanwhile, Hougan has asserted that Bitcoin’s impressive run this year will extensively spill into 2025. The Bitwise CIO reiterated the asset manager’s $200,000 price call, citing three factors that can drive the upswing.

In the interview, he noted that inflows from the US Bitcoin spot exchange-traded funds (ETFs) are a significant source of demand. The investment vehicles have brought in a cumulative inflow of $36.73 billion this year and now holds a staggering 5.76% of Bitcoin’s circulating supply.

Hougan also pointed out that public companies are beginning to accumulate Bitcoin. In addition to regular names like MicroStrategy and Marathon Digital, new entrants like Rumble and Metaplanet have adopted the crypto firstborn as a strategic reserve asset.

Lastly, he mentioned the growing demand among nations towards the asset. The CIO believes this massive inflow catalyst will drain into Bitcoin’s limited supply, sparking a demand shock.

As a result, the scarce asset will appreciate extensively next year and almost double in price to trade at $200,000 without a US reserve asset implementation. In the meantime, Bitcoin trades at $104,128, down 2.4% in the past 24 hours.

Here is How High XRP Can Reach By January 1, 2025

Lele Jima
-
0
Here is How High XRP Can Reach By January 1, 2025

Popular crypto analyst Jason Williams issues a less ambitious forecast for XRP, projecting that the coin will surpass the $3 mark in January. 

The widely-followed market observer issued the prediction in a recent X post, where he set different price targets for top altcoins, like XRP, by January 1, 2025. 

XRP to $3.1 

According to the expert, XRP will trade at $3.10 on the first day of next year. Hitting this target requires a 24% surge from the current price of $2.5 over the next 13 days. While the growth rate is minimal, the expert did not highlight potential factors that could drive XRP to the $3.1 target. 

At this target, XRP’s market cap will soar to $177.28 billion from the current valuation of $142.97 billion. This will also cement XRP’s position as the third-biggest cryptocurrency globally. 

Besides XRP, Williams also forecasted that altcoins, such as Ethereum, Solana, Pepe, and Polkadot will trade at $5,325, $310, $1, and $20, respectively.

Potential Factors That Could Propel XRP Surge 

Even though Williams did not mention what could push XRP to the $3.1 target, several factors might play significant roles in helping the coin achieve this feat. 

They include positive developments relating to the ongoing SEC v. Ripple lawsuit, growing institutional interest in XRP, and the massive adoption of the RLUSD stablecoin. 

Earlier this week, the market saw how the launch of RLUSD positively impacted XRP’s price, with the coin rising by nearly 9% to $2.56. This comes after XRP soared by over 20% following the New York Department of Financial Services (NYDFS) approval of the stablecoin. 

Therefore, news about a major entity adopting the stablecoin or its listing on a major exchange like Binance could further boost XRP’s price. 

XRP Preparing for a Major Breakout to $3 

Meanwhile, popular crypto expert Zach Rector speculated that XRP will soon make another attempt toward hitting the $3 mark. 

The forecast comes as XRP struggles to hit the $3 mark. The last time XRP traded above $3 was during the 2017/2018 bull run. It eventually soared to an all-time high (ATH) of $3.84 on January 3, 2018. It has failed to achieve this milestone ever since, with recent attempts ending in futility. 

Earlier this month, XRP attempted to clinch the $3 target, as it soared to around $2.86 on December 3. 

However, the coin encountered major resistance, pushing its price down to $1.90 a week later. Interestingly, XRP rebounded above the $2 mark, reaching $2.72 yesterday. Following the broader market correction, XRP retraced from this level to its current price of $2.5. 

In the meantime, XRP’s trading volume has exploded by 54.25% over the past 24 hours to $19.23 billion. It is currently ranked as the third biggest crypto after usurping Tether (USDT) from the position this week. 

Here’s When and How Bitcoin Gets to $13M, According to Michael Saylor

Okoya David
-
0
Here’s When and How Bitcoin Gets to $13M, According to Michael Saylor

MicroStrategy Chairman and Bitcoin bull Michael Saylor explains how and when Bitcoin could reach his ambitious price target.

Over the years, there have been several long-term bullish calls for Bitcoin‘s price, but not many have been as ambitious as Michael Saylor’s prediction. 

In July 2024, at the Bitcoin 2024 conference in Nashville, the MicroStrategy executive chairman stunned many by predicting that Bitcoin would eventually be worth $13 million. Recently, he has shed light on when this might happen and how.

Bitcoin’s Road to $13M

According to Saylor, Bitcoin will hit the $13 million mark in the next 21 years or by 2045. The renowned Bitcoin evangelist made this known during a Tuesday, December 17 Impact Theory podcast episode when asked about his July 2024 Bitcoin prediction.

Speaking to show host Tom Bilyeu, Saylor explained that his $13 million Bitcoin price target was based on the “Bitcoin24” model. The Bitcoin24 model is an open-source tool that allows individuals, corporations, institutions, and even countries to simulate the 21-year outcome of various Bitcoin strategies using their own assumptions.

The key assumption for Saylor is that Bitcoin will grow by 20% a year, down from the current 60%, with an average rate of return (ARR) of 29% over the next 21 years.

Around the time Saylor made this prediction, the asset was trading for $65,000, leading to a future price of about $13.6 million. At current prices around $104,000, the MicroStrategy chief’s prediction will yield a result of nearly $22 million. It is worth noting that in July 2024, he described the $13 million target as his base case.

During the recent podcast, Saylor contended that the two main drivers of this prediction will be education and adoption by high-net-worth individuals. He highlighted that presently, about 95% of the world remains in the dark about Bitcoin’s potential, but the veil may already be lifting.

Capital Inflows to Bitcoin Rapidly Rising

Notably, the wheels may already be turning in Bitcoin’s favor as capital allocation to the asset rises. The recent launch of spot Bitcoin ETFs in the U.S. is playing a key role in this growth.

In just over 11 months, these products have seen $37 billion in net inflows and hold nearly $122 billion in assets. BlackRock’s product IBIT alone possesses almost $59 billion and has become the most successful ETF launch over the past decade.

As Saylor highlighted in the Impact Theory podcast episode, in light of this success, asset managers like BlackRock are now leading the orange-piling effort. Recently, the firm released a report recommending that investors allocate up to 2% of their portfolio to Bitcoin. 

Beyond ETFs, Saylor noted that companies are also jumping on the bandwagon by allocating a portion of their treasuries to Bitcoin. 

While MicroStrategy has led the charge with holdings exceeding 439,000 BTC, about 2% of the total supply, Saylor highlighted that firms like Marathon Digital, Riot Platforms, Semler Scientific, and Metaplanet have recently entered the fray as institutional investors show demand, which has reflected in their stock prices. 

For context, MicroStrategy’s shares have surged by 490% year-to-date (YTD), outperforming even Bitcoin, which has grown only about 150%, as institutional investors see the stock as a proxy for Bitcoin exposure.

In the past six weeks alone, Saylor noted that the firm has been able to raise a staggering $15 billion to buy Bitcoin after unveiling its $42 billion Bitcoin treasury plan. It took four years from 2020 for the firm to raise $10 billion to buy Bitcoin.

At the same time, Saylor noted that countries were also beginning to take note, with the U.S. set to join El Salvador in establishing a Bitcoin reserve under the incoming Donald Trump administration.

“What’s going on right now is the emergence of Bitcoin as the digital capital network for the world,” Saylor told Impact Theory’s Tom Bilyeu.

“And the thing driving it from $100,000 to $13 million over the next 21 years is the adoption of it as a capital asset by people that have the wealth,” he added.

Cardano Whales Taking Profit At $1.15 to $1.33 While Buying the Dip: Here is How Much ADA They Bought Recently

Elendu Benedict
-
0
Cardano Whales Taking Profit At $1.15 to $1.33 While Buying the Dip: Here is How Much ADA They Bought Recently

Cardano whales are back in the game, leveraging the latest dip to acquire the ninth-largest cryptocurrency by market cap at an appealing price.

After sustainably trading above $1 for fourteen consecutive days, Cardano recently retested prices below the psychological level. For context, ADA fell to $0.9100 on December 9 following Bitcoin’s drop below $94,000.

Meanwhile, Cardano quickly rebounded, closing the day at $1.0034. Although the asset tested lower prices again the next day, it closed bullish, spurring an uptrend to $1.1819.

Cardano Whales Buy the Dip

Amid the bearish spell, Cardano whales are buying the dip. Data shows that the balance of large ADA holders has increased substantially since the asset tested lower prices.

Market analyst Ali Martinez shared a tweet on Wednesday showing an accumulation trend among Cardano whales following the dip. The expert noted that the whales who had been taking profit when Cardano grew to $1.33 are back to buying.

Per the commentary, whales holding between 10 million and 100 million ADA have bought 160 million ADA since the correction. Notably, their balance bounced from the December 12 lows of under 12 billion ADA to 12.16 billion ADA in less than a week.

Cardano Whales

Meanwhile, the massive accumulation followed a spike in large transactions in the Cardano network. Martinez disclosed in an earlier commentary that two days ago, whales carried out about 687 transactions exceeding $1 million, which turned out to be large holders buying the dip.

Similar Accumulation Trends

It bears mentioning that accumulation in this manner has prevailed among Cardano whales in the past. For context, large ADA holders copped $110 million worth of Cardano earlier in the year in anticipation of an imminent price explosion.

This trend also followed a substantial accrual in November. Late in the month, whales seized a correction opportunity to stack 130 million ADA, boosting positive sentiments around the Cardano ecosystem.

What’s Next for Cardano

In the meantime, sentiments around the Cardano ecosystem remain bearish. The investor disposition flipped negative on December 18, dropping to a weighted sentiment of -0.786.

Furthermore, analysis confirms the prevailing downward momentum. The MACD indicator shows a mildly bearish trend, with the MACD line and signal line trending at -0.0111 and -0.0067, respectively.

Meanwhile, the relative strength index (RSI) currently sits at 40.15, a zone that is neither overbought nor oversold. Analysis shows that the continuation of this trend could push Cardano below $1 again.

Nonetheless, Cardano remains bullish long-term, with analysts speculating a surge to $10 by next year. At press time, ADA trades at $1.019, down 3.14% in the past 24 hours.

Analyst Says XRP Holders Will Be the Richest People You Know: Here’s Why

Sam Wisdom Raphael
-
0
Analyst Says XRP Holders Will Be the Richest People You Know: Here’s Why

A prominent market watcher expects XRP to breach its all-time high soon, and insists XRP holders could become some of the richest investors.

Notably, XRP has gained attention following its remarkable surge in November. The asset climbed from $0.51 in early November to a peak of $2.90 on Dec. 3, marking a 464% increase in just one month. 

However, following this peak, XRP faced a pullback as it pushed for $3. Despite consolidating between $2 and $2.60 for two weeks, analysts like Steph believe an even more explosive rally is in sight. He believes such a rally could make XRP holders “the richest people you know.”

XRP Bollinger Bands Suggest Breakout  

In his analysis, Steph called attention to important indicators, including the Bollinger Bands on the 4-hour chart. The Bollinger Bands, which track volatility, are now expanding—a pattern that often leads to major price movements.  

XRP 4h Bollinger Bands Steph
XRP 4h Bollinger Bands | Steph is Crypto

Notably, the market watcher confirmed that in November, when the Bollinger Bands expanded similarly, XRP experienced a 132% surge from its swing low to its swing high. 

Other notable movements included a 53% and a 120% rally during similar patterns. According to Steph, the current expansion suggests XRP could be on the verge of another major breakout. 

XRP Stages Bull Flag Breakout

Meanwhile, Steph confirmed that XRP has already broken out from a bullish flag pattern on the daily chart. This development often indicates that the upward movement could continue after a period of consolidation.  

The breakout was confirmed by multiple daily closes above a long-term resistance line. Interestingly, XRP is now holding above $2.33, a crucial support level. However, a failure to maintain this level could invalidate the bullish trend, but as long as the price stays above it, the outlook remains optimistic.  

XRP Daily Bull Flag and EMA Ribbons
XRP Daily Bull Flag and EMA Ribbons

Steph then called attention to $2.60 as a key resistance. He noted that a daily close above this level would confirm the breakout further. The analyst’s target for the ensuing uptrend rests between $4.90 and $5 in the short-to-mid term.  

The Exponential Moving Average (EMA) ribbons on the daily chart support this bullish outlook. XRP retested these ribbons on Dec. 10, bouncing back strongly. This suggests the trend remains intact, providing additional support for the $5 price target.  

Bitcoin Dominance Favorable for Altcoins  

In addition, Steph also highlighted Bitcoin dominance, which measures Bitcoin’s market share relative to other cryptocurrencies. He suggested that the prevalent trend from this metric is actually bullish for altcoins like XRP.

On the weekly chart, Bitcoin dominance has been declining since breaking below a rising wedge pattern. Currently, dominance is testing the breakdown level near 59%. As long as it remains below this threshold, conditions appear favorable for XRP and other altcoins.  

Bitcoin Dominance Steph
Bitcoin Dominance | Steph is Crypto

Steph notes that Bitcoin dominance could fall to the 47–50% range, a strong support zone historically tested in July 2021 and October 2021. A decline to this area would likely trigger the altcoin season, potentially pushing XRP toward its $5 target.  

Steph advised caution as Bitcoin dominance approaches the 47–50% support zone. This area could mark a turning point, making it a level for investors to consider locking in profits. However, for now, the analyst believes XRP and other altcoins remain in a strong position. XRP currently trades for $2.5, down 0.12% in the past 24 hours.

Bloomberg ETF Analysts Say SEC Will Approve a Joint XRP and Solana ETF Next Year

Lele Jima
-
0
Bloomberg ETF Analysts Say SEC Will Approve a Joint XRP and Solana ETF Next Year

Bloomberg ETF analysts predict the potential approval of several crypto-based exchange-traded funds (ETFs) next year, including a dual XRP and Solana ETF. 

Balchunas made the projection yesterday, referencing insights from his colleague James Seyffart. According to them, the crypto industry will experience a wave of ETFs for several cryptocurrencies, including those previously approved for the investment vehicle. 

They speculated that while the SEC may not approve these ETFs at once, they may likely be introduced in phases. 

SEC to First Approve Bitcoin and Ethereum Combo 

Bloomberg experts expect the SEC first to approve an ETF combining Bitcoin and Ethereum, the two largest cryptocurrencies by market cap. 

Asset managers, such as Bitwise, Hashdex, and Franklin Templeton, have already filed to issue the Bitcoin and Ethereum combo ETFs. 

For context, the SEC approved separate ETFs tied to Bitcoin and Ethereum earlier this year. While the Bitcoin ETFs launched in January, trading for the Ethereum-based ETFs went live six months later, in July. 

Litecoin and Hedera Hashgraph to Follow 

After the Bitcoin and Ethereum combo ETF approval, Bloomberg experts project that Litecoin (LTC) will be the next crypto to be approved for a spot ETF. They noted that since Litecoin is a fork of Bitcoin, the SEC might consider it a commodity.  

Afterward, an ETF linked to Hedera Hashgraph (HBAR) could be the next in line for the SEC’s approval. The SEC has not labeled HBAR a security, so it may not face stringent regulatory hurdles. 

Currently, Canary Capital is the only investment management company requesting the SEC’s approval for HBAR and LTC ETFs. 

Dual XRP and Solana ETFs May Delay 

Furthermore, the ETF experts forecasted that an ETF based on XRP (XRP) and Solana (SOL) could come later. However, the SEC will not approve the dual ETF under the current administration since these assets are embroiled in intense legal tussles where they were labeled securities. 

FOX Business journalist Eleanor Terrett reported that the current SEC leadership had rejected two of the five applications for SOL ETFs this month. However, the regulator has yet to issue a decision regarding the multiple filings for XRP ETFs. Nonetheless, Balchunas and Seyffart believe a new SEC administration will approve a joint XRP and SOL ETF. 

Optimism Around Next Administration

In the meantime, crypto enthusiasts have remained optimistic about crypto potential under the upcoming administration.

The U.S. President-Elect Donald Trump, an ardent Bitcoin supporter, has already nominated several pro-crypto advocates to top government agencies that impact the crypto industry. They include Paul Atkins as SEC Chair and Scott Bessent as U.S. Treasury Secretary. He also appointed a new Crypto Czar in the person of David Sacks. 

It remains to be seen whether these pro-crypto advocates will continue to support the industry and facilitate the approval of these crypto ETFs once they assume office. 

Analyst Sets Conditions for XRP to Hit $8, Notes XRP Levels to Watch on Monthly, Weekly and Daily Timeframes

Albert Brown
-
0
Analyst Sets Conditions for XRP to Hit $8, Notes XRP Levels to Watch on Monthly, Weekly and Daily Timeframes

A prominent market commentator identifies pivotal XRP levels to watch on the daily, weekly, and monthly timeframes and sets conditions for the upward push.

In today’s XRP price news, a comprehensive analysis, which spans across multiple timeframes, comes as XRP enters a crucial consolidation phase. Following its surge to $2.9 on Dec. 3 and the subsequent drop, XRP has remained locked between $2 and $2.6 as the market awaits the next move.

XRP Monthly and Weekly Timeframes

In the analysis, EGRAG first highlighted the monthly timeframe. He stressed the importance of a bullish monthly close for XRP, noting that December’s performance will determine January’s direction. 

XRP 1M Chart EGRAG Crypto
XRP 1M Chart | EGRAG Crypto

For XRP to maintain bullish momentum, the monthly candle must avoid bearish patterns like the Hanging Man or Shooting Star. 

EGRAG identified the critical support level on this timeframe as $2.2, where a candle body close below this figure could signal bearish developments. However, wicks and retests below $2.2 are short-term noise. If XRP holds above this level into January, a bullish push may begin.

Meanwhile, on the weekly chart, EGRAG identified $2.44 as the decisive level to watch. While last week’s candle showed bullish strength, this week’s open below the previous close raises caution. 

XRP 1W Chart EGRAG Crypto
XRP 1W Chart | EGRAG Crypto

The market analyst revealed that If XRP can close the week above $2.44, it could trigger a rally leading into January and February 2025.

However, holding above $2 on the weekly timeframe remains important. This level preserves the bullish structure, preventing further downside and consolidating XRP’s position for the next upward move.

XRP 3-Day and Daily Timeframes

Further, EGRAG noted that the 3-day chart reveals a battle between bulls and bears. Notably, after bears pushed XRP down from $2.9 on December 2, bulls defended the $2 level, keeping the price above key support. 

XRP 3D Chart EGRAG Crypto
XRP 3D Chart | EGRAG Crypto

The analyst noted that the range between $2.17 and $2.53 represents the current battlefield. A decisive full-body candle close above this zone will confirm the bulls’ control, leading to the next uptrend.

Also, EGRAG remains bullish on the daily timeframe, which has maintained a range for two weeks. He projected that if the current bullish pattern holds, XRP could target $7.5 to $8.1. 

XRP 1D Chart EGRAG Crypto
XRP 1D Chart | EGRAG Crypto

However, he believes a Bitcoin move to $120K-$130K will be the catalyst needed for this breakout. At press time, BTC trades for $103,871. According to him, while XRP might consolidate for now, patience is important, as the bigger the base, the larger the breakout.

XRP 8-Hour and 2-Hour Timeframes

Meanwhile, EGRAG confirmed that on the 8-hour chart, the ADX indicator shows a bullish setup. With the correction phase complete, XRP appears to be in the early stages of Wave 1. This marks the beginning of the next wave count. He implied that Waves 3 and 5 could deliver strong upward moves.

XRP 8h Chart EGRAG Crypto
XRP 8h Chart EGRAG Crypto

Also, the 2-hour chart supports this outlook. XRP’s price is sitting on the lower Bollinger Band, with a squeeze formation signaling an imminent breakout. This setup indicates that XRP could be on the verge of its next leg upward.

XRP 2h Chart EGRAG Crypto
XRP 2h Chart EGRAG Crypto

A Clean and Bullish Structure 

Another market analyst, CrediBULL, discussed the bullish outlook for XRP in a separate report on X. He urged non-traders to focus on the bigger picture instead of short-term price movements. 

Data from the accompanying chart shows that XRP recently completed Wave 2, which preceded the latest consolidation phase. CrediBULL expects Wave 3 to lead to a sharp upward push, potentially taking XRP to the $8 level.

The analyst believes after this, the fourth wave could lead to a correction, resulting in a triangle formation. However, a triangle breakout from Wave 5 could potentially skyrocket the asset to a lofty target above $22.

The chart shows a key support level at $2.17, with major resistance at $2.52 and $2.9. However, holding above $2 ensures the bullish structure remains intact while breaking above $2.9 will signal a continuation of the impulsive move. XRP currently trades for $2.38, up 0.3% in the last 24 hours.

Analyst Predicts XRP W Pattern to Push XRP to $35

Sam Wisdom Raphael
-
0
Analyst Predicts XRP W Pattern to Push XRP to $35

A prominent market commentator believes XRP could claim a two-digit figure in the future, citing a W pattern on the monthly chart.

This sentiment came from Steph, a notable analyst who has maintained bullishness for XRP since its days at the $0.50 level. He stressed in his latest analysis that, after surpassing the $0.50 region to recover $2, XRP now has the potential to hit a new ambitious peak of $35.

Formation of the W Pattern

In the analysis, Steph presented a monthly chart confirming XRP’s latest resurgence. For context, XRP initially struggled at the start of this year, 2024, before eventually skyrocketing following the Donald Trump election victory in early November. XRP closed November with a 283% rise, and is now up 26% in December.

Amid the remarkable performance, Steph confirmed that the latest November bullish candle completed the formation of a “W” pattern. Interestingly, the formation of this pattern began in the 2017/2018 bull run, when XRP rallied to the ATH of $3.31 and then corrected.

Notably, XRP soared from $0.2 in June 2017 to the $3.31 peak in January 2018. After this, the asset collapsed to a low of $0.11 in March 2020 and then recovered to $1.96 by April 2021. This recovery led to a subsequent collapse in 2022, especially after the Terra implosion, with XRP reaching a low of $0.28 in June 2022.

XRP W Pattern Steph
XRP W Pattern | Steph

The altcoin had been trying to recover from this low, but eventually achieved this feat in November. This November push completed the formation of the W structure.

The structure indicates that the XRP market is now shifting from a downward trend to an uptrend, a switch that could lead to further price gains. Currently, XRP is retesting the horizontal trendline at the top of the pattern. A decisive break above this line would set the stage for a major upsurge.

XRP Targets $35?

Steph believes this upsurge will likely push XRP to a price of $35. With XRP currently trading for $2.47, attaining the $35 price mark could present a formidable challenge. Notably, XRP would need to skyrocket by 1,317% from its current level to reach this price mark.

Interestingly, besides Steph, other market commentators believe this $35 target is feasible for XRP. Community pundit Ralston Maximus predicted in July 2024 that XRP has the potential to reach a price range of $30 to $35, arguing that a target of $7 would only be the start of its explosive run.

However, multiple investors challenged this notion, contending that a $35 price is highly speculative and improbable. This was possibly due to the fact that XRP’s market cap would rise to $1.9 trillion should this materialize. Despite the doubts, Ralston insisted that the target is not ridiculous.

New Altcoin Takes The Spotlight. Solana Holders Brace For A Game Changer!

Albert Brown
-
0
New Altcoin Takes The Spotlight. Solana Holders Brace For A Game Changer!

With Bitcoin testing the $103,000, a new all-time high seems inevitable as this super bull cycle continues. Several altcoins are following suit with new price levels and ATHs. Only recently, Solana took the lead in the gain game, but couldn’t maintain the status quo.

With the current volatility in the market, 1Fuel (OFT) is an emerging project offering stability and high potential returns in 2025. Priced at just $0.012/token, analysts tag 1Fuel the best cryptocurrency to buy now for potential 100x returns.

Investors question Solana’s future with market volatility

Solana is one of the stars of this bull market, hitting a new all-time high of $263.83. This achievement initially fueled optimism among investors, but they were soon faced with a sharp dip of $224. This recent activity has reduced their enthusiasm; holders are now becoming skeptical, forcing them to take profits amid uncertainties regarding Solana’s ability to maintain momentum.

While SOL increased in price, data from top price tracking sites like CoinMarketCap show a decline in its volume from  $6.23 billion in November to its current $3 billion. This drop suggests reduced interests and stirs speculation about the price sustainability when this bull run closes. A 43% decline is significant and has left Solana holders in doubt, wondering whether SOL remains the best cryptocurrency to buy or hold.

The decline in its trading volume raises just one question: can Solana regain its earlier momentum, or will it continue to experience further dips in price? Whales are beginning to shift their attention towards 1Fuel (OFT) as the second phase of its presale takes off.

1Fuel: The new altcoin taking the Spotlight

While holders are grappling with the decision of holding SOL or not, a new altcoin has been creating a buzz, taking the spotlight, 1Fuel. This token is making waves in the cryptocurrency markets with its all-in-one approach to the decentralized finance system. Its combination of ease of use, privacy, security, and cost efficiency has outperformed its competitors.

Think of a cross-chain platform that allows you to interact across multiple networks without breaking a sweat. You no longer need to use many wallets or pay very high network fees because you want to make that transfer.

The standout feature of this revolutionary token is its security and privacy, achieved through an inbuilt mixer that anonymizes transactions by blending them with others. Also, as part of the benefits for holders, 1Fuel will introduce a staking program that allows returns of 30% APR.

Looking for huge returns? Choose 1Fuel

Analysts predict that 1Fuel could rise by as much as 100x during its initial launch, making it one of the best altcoins with high potential in the crypto market. The first stage of its presale raised over $500k in record time, revealing the heightened interests of investors. With the completion of the first stage, the second stage has begun, with 1Fuel tokens currently priced at $0.012. The presale offers a 20% bonus on every purchase, making it a good investment and the best cryptocurrency for holders seeking substantial returns

It’s a great opportunity you shouldn’t overthink. 1Fuel stands out as the best cryptocurrency choice for investors, offering numerous benefits through its groundbreaking innovation.

Conclusion

While Solana has succeeded in breaking records, its high volatility rate still keeps investors at bay, seeking more stable tokens in the crypto market. The volatility of Solana’s price movements, in addition to its recent decline in volume, has left holders thinking of its long-term potential.

However, 1Fuel, a utility token, has more potential to offer stability and provides an array of use cases that ensure it has a long-term potential to stay relevant in the dynamic crypto space.

Looking for a stable token with huge returns in 2025? Consider 1Fuel as one of the best cryptocurrency investments and an opportunity for stability. Get in early, while it’s still priced at $0.012!

Whales Accumulate PEPE: Is Another Price Explosion On The Horizon?

Mark Brennan
-
0
Whales Accumulate PEPE: Is Another Price Explosion On The Horizon?

A dormant PEPE whale recently transferred 2.1 trillion tokens worth $52 million after 600 days of inactivity. This massive move has caused excitement in the market. With the PEPE coin price currently at $0.00002322 and experts forecasting a rise to $0.00005 and beyond, is another rally coming? Here’s what you need to know about the latest Pepe crypto price trends and predictions.

Dormant Whale Transfers $52 Million in PEPE

On December 14th, a whale wallet that had been quiet for 600 days moved its entire balance. This transfer involved 2.1 trillion PEPE tokens. The whale originally spent 0.0135 ETH (about $27) to buy these tokens. Now, the tokens are worth an incredible $52 million. This amounts to a 1,900,000-fold upside.

Large movements like this are often important. They can mean whales are confident in the asset or preparing for price changes. In the past, such actions often happened before big price increases. This is why holders are watching Pepe coin crypto closely.

PEPE Coin Price: Key Levels and Predictions

The PEPE coin price is currently $0.00002322. It is getting close to important price levels. The first resistance is at $0.00002810, just below its all-time high of $0.00002803. If PEPE breaks this level, it could quickly rise to the next target of $0.000036.

Here’s what experts are saying:

  • Short-Term Goal: The price could soon test $0.00002810.
  • Mid-Term Prediction: With strong momentum, the price could hit $0.00005.
  • Long-Term Possibility: If conditions stay positive, the PEPE price might climb to $0.000058 or even $0.0001.
USD PEPE 17DEC24
USD PEPE 17DEC24

Technical indicators back these predictions:

  • The 10-Day Moving Average is at $0.00002442. This shows short-term resistance.
  • The 50-Day Moving Average is at $0.00001831, which acts as a strong support level.
  • The RSI at 54.4 shows neutral momentum. It means there is space for further upward movement.
  • The MACD (Moving Average Convergence Divergence) also signals mild bullish activity. If this trend continues, a rise in the PEPE price is likely.

Market Trends: Whale Moves and ETH Recovery

The whale’s activity is happening alongside improvements in the overall crypto market. Experts point to ETH, which is approaching $4,000. In the past, when ETH climbed, it lifted other coins. This includes meme tokens like the Pepe coin crypto.

MAX PEPE Tweet
MAX PEPE Tweet

Analysts are also comparing the current market to earlier this year. Back then, similar whale moves came before big jumps in the PEPE price. If PEPE follows the same pattern, its price could reach levels of $0.00005 soon.

Minotaurus (MTAUR): The Next Big Thing for PEPE Enthusiasts?

While Pepe Coin continues to capture attention, Minotaurus (MTAUR) is making a bold entry as the presale hits 870,000 USDT in token sales. The community around the project continues to grow—now with over 15,000 members!

Presale Highlights:

  • Current Price: 0.00008107 USDT—an impressive 102.58% upside from the initial price of 0.00004 USDT.
  • Game Utility: MTAUR tokens unlock special in-game features and give players a competitive edge in the Minotaurus maze.
  • Referral Bonuses: Share MTAUR with friends and enjoy bonuses for both you and your network.
  • Vesting Program: Long-term holders can receive additional tokens by extending vesting periods.
  • Exciting Giveaway: 50,000 USDT in MTAUR up for grabs in the 100,000 USDT giveaway!
  • Growing Community: 15K+ members and counting, joining in on the excitement and growth!

Join the Minotaurus presale today—time is running out, and the price won’t stay this low for long!

Conclusion

The recent movement of 2.1 trillion PEPE tokens has put a spotlight on the Pepe coin crypto. At its current PEPE price of $0.00002322, the market is watching for a break above $0.00002810. If this happens, analysts believe the Pepe coin price could rise to $0.00005 or higher.

Why limit yourself to the Pepe coin? Consider exploiting additions to your portfolio like Minotaurus (MTAUR). This explosive presale offers low entry and perks, giving you an edge while others wait.

1...1,0641,0651,066...2,662Page 1,065 of 2,662