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Has US Treasury Created an XRP Account? Here are the Facts

Sam Wisdom Raphael
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Has US Treasury Created an XRP Account? Here are the Facts

Several disclosures have suggested that the US Treasury has created an account on the XRP Ledger (XRPL) amid regulatory shifts, but there’s a catch.

DROPoholic, an XRPL community account, was one of the first to make these disclosures, suggesting that the purported US Treasury wallet was already interacting with a Bank of America account.

Details of the XRPL Accounts

For context, data from XRPL explorer Bithomp confirms that the supposed US Treasury wallet was activated yesterday, Jan. 21 at 3:17 UTC. Immediately after activation, the address set its domain to home.treasury.gov, the US Treasury’s official website, and then created trustlines around a fake “Bank of America” token. 

The address received 1 trillion “Bank of America” tokens, 1 trillion “BlackRock” tokens and 1 trillion “JPMorgan” tokens. All these assets were actually fake and issued just recently for what appears to be an elaborate scheme from the individuals behind the bogus US Treasury wallet.

The wallet placed multiple trade orders to sell millions of the Bank of America, BlackRock and JPMorgan tokens for XRP. The largest of these orders involved selling off 299 million JPMorgan tokens for 33.23 million XRP at an exchange rate of 0.11 XRP for 1 JPMorgan.

The recent development comes on the back of the inauguration of President Donald Trump, who assumed office on Jan. 20. This has triggered hopes of favorable regulatory shifts, with Circle CEO Jeremy Allaire recently suggesting the President could sign an executive order to allow banks trade and offer crypto easily.

In addition, Brian Moynihan, the CEO of Bank America, confirmed that traditional banks are willing to adopt cryptocurrencies once regulators give them the greenlight. These developments further introduced a sense of legitimacy to these XRP wallets.

Wind Addresses Xumm Verification Tag

Interestingly, XRPScan data confirms that Xaman (formerly Xumm) had verified the wallets. While most proponents already had doubts, this little detail added a twist, with some suggesting it might point to their legitimacy.

XRP Scan
XRP Scan

Moreover, the individuals behind this scheme also created a fake Evernode token and a World Liberty Financial address. Data also shows that these wallets had also been verified by Xaman, triggering further questions within the XRP community.

Addressing this area, Wietse Wind, founder of Xumm, clarified that XRPScan simply displays data stored on the blockchain, which is publicly accessible. Wind explained that anyone can modify the domain field and issued tokens. 

In addition, he noted that the KYC verification only confirms that an individual’s identity has been verified, not that they represent a particular entity. 

Krippenreiter, a community figure, sought clarification on whether Xumm had actually KYC’d these accounts. Wind investigated and confirmed that all these accounts were KYC-compliant. However, they were created by different individuals, all based in the Philippines. 

He noted that while KYC ensures identity verification, it does not guarantee relevance or legitimacy. When asked about solutions to this issue, Wind explained that KYC functions as intended. However, he advised users to avoid rushing to conclusions and wait for official confirmation from credible entities.

Essentially, any individual can edit the tag of any address to reflect an organization’s name without having affiliations with the organization or entity. This issue came up last year, when an account with the name “Musk” sprang up within the XRP community.

XRP Price Forecast: What Happens After XRP Reaches $4–$5

Sam Wisdom Raphael
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XRP Price Forecast: What Happens After XRP Reaches $4–$5

A notable market analyst presents what he thinks could happen with XRP after it finally claims the next psychological levels of $4–$5.

XRP has been one of the top performers of the ongoing bull cycle after underperforming earlier. As a result, it has recovered several psychological price levels it relinquished over the past few years. 

Particularly, XRP reclaimed the $1 mark on Nov. 16, 2024 and then went further to reach the $2 region on Dec. 1, 2024. However, it was not until this year, on Jan. 15, 2025, that XRP recovered $3.

XRP Eyes Next Psychological Level

Market participants now eye the $4 psychological region as XRP’s next target, with market watcher Ali Martinez persistently championing a push toward it. Amid the bullish sentiments, EGRAG Crypto, a notable analyst, has presented what he thinks could be XRP’s fate after it reaches the $4.4 to $5 mark. 

In his analysis, the market commentator called attention to the XRP’s price action over the 1-week timeframe, leveraging the exclusive Optimizer indicator, which backtests and compares all possible moving averages to identify the most profitable strategy. 

Data from the chart shows that the Optimizer has been instrumental in identifying market highs. EGRAG identified three peak regions for XRP from 2017 to the current cycle. The first peak was $0.2274 in May 2017 and the second was $3.06 in January 2018. Meanwhile, the third peak was $1.98 in April 2021.

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

XRP’s Possible Direction from $4

Interestingly, EGRAG’s chart asserts that XRP has the potential to reach a fourth peak around $4.40 in the current market cycle. However, the analyst sees this level, which rests between $4 and $5, as a region capable of either pushing prices further up or triggering a massive pullback.

He called attention to a similar price action from the $3.06 peak in January 2018, which resulted in a massive correction. The current movements mirror this push, but EGRAG is confident XRP would witness a more substantial run this time.

Should this materialize, he has already presented three lofty targets for XRP. First, XRP needs to rally 38%-57% from its current price to reach $4.4-$5. From here, if the bulls emerge victorious, EGRAG sets a first target of $13. This price level would demand a 308% surge from XRP.

Further, if XRP conquers the $13 mark, EGRAG expects further upside toward $27, a price target he has consistently championed. XRP would need to rally 107% from $13 to hit $27. Meanwhile, EGRAG eyes an ultimate target of $44 if the bull run persists, marking a further 62% rise from $27. 

Currently, XRP changes hands at $3.18, up 3.18% over the past 24 hours. Despite the consistent market uncertainty, XRP has continued to defend the $3 much like it defended the $2 mark throughout December 2024. The bulls must maintain this $3 region if they wish to reach $4-$5.

Efficiency of Over Collateralized Trading Positions: The Good, The Bad And The Ugly

Albert Brown
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Efficiency of Over Collateralized Trading Positions: The Good, The Bad And The Ugly

Over-collateralization is an essential mechanism underpinning borrowing and lending in DeFi. Borrowers deposit collateral to access loans, which are set up as over-collateralized arrangements. This means the asset value deposited by a borrower must be higher than the loan amount they receive.

The practice protects traders from the often extreme price fluctuations typical of cryptocurrency markets. Over-collateralized positions enable borrowers to build a buffer that safeguards liquidity providers and lenders in case the collateral’s value suddenly plummets.

How to build an over collateralized position on a trading platform

Let’s say someone is worried about inflation hitting the US dollar. They can deposit a cryptocurrency of choice, borrow US dollars, exchange the USD for that crypto, and deposit it back into the lending dApp. This way, they take a bearish position on the dollar while increasing their exposure to the crypto asset.

If their prediction comes true and there is a spike in inflation, the price of the crypto asset should increase by at least the amount of inflation while the amount in US dollars stays constant. The trader can use the profit on the crypto they borrowed to repay the US dollar loan and still have the crypto and the profit from the original crypto deposit left.

Let’s see a practical example. After choosing a platform that allows for over-collateralization, a trader could deposit ether worth $1,500 and borrow USDC for $500, which comes to a collateralization ratio of 300%. If the price of ether drops significantly, there is a buffer of 150% before reaching the liquidation threshold.

Platforms typically accept ether, Bitcoin, or stablecoins. Stablecoins are less volatile than other cryptocurrencies, which is one reason they appeal to institutional lenders. Moreover, their value is easier to predict, making them more suitable for loans as this reduces the risk associated with assessing collateral value.

Platforms like Dolomite offer tools that have become integral to modern lending systems. Some of these tools continually assess the liquidity of collateral assets, allowing lenders to monitor collateral value and market conditions in real time.

In DeFi lending, over-collateralization ratios serve as crucial metrics that determine the value of collateral required with respect to the loan amount. They are always above 100% to protect the trader from market volatility. Each platform determines these ratios based on historical volatility data, market conditions, and the perceived risk of collateral type. If the platform sets a collateralization ratio of 150%, the trader must provide an asset worth at least 150% of the amount borrowed. They can then exceed the minimum ratio to be over-collateralized by providing collateral worth 200% or more of the loan amount.

Fully automated borrowing is soon to become reality

The process of borrowing an asset will become fully automated in the immediate future with Dolomite’s new “Zap” feature. Increasing leverage on an asset by borrowing against it and then buying it is quite tedious. Depositing collateral, borrowing against it, withdrawing from the platform, getting more collateral and depositing it, borrowing again, and so on until the desired leverage is reached will all be reduced to a single step. Zap will also make it possible to use collateral to pay off debt in a position instead of unwinding a borrow position by reversing the looping process. Zap will use a DEX aggregator to perform these trades, and users won’t face liquidity issues.

Margin traders must open a leveraged position. The amount they can borrow depends on the platform’s loan-to-value ratio. A ratio of 45% means they can borrow up to 45% of the collateral deposited. If the value of the borrowed asset increases or the value of the collateral drops, the position could be liquidated. To avoid this, traders must regularly monitor the ratio. The trader repays the loan plus any fees or interest to close the position. They withdraw their collateral once the loan is repaid.

The bad and the ugly

Let’s say a trader deposits ether worth $20,000 as collateral to borrow USDT worth $1,000. This is a classic example of inefficient over-collateralization, with the ratio of 2000% being significantly higher than the typical requirement of 150–200%. The trader locks up a large amount of capital without leveraging it effectively.

Using a borrowed asset as collateral is even riskier and less efficient. It seems counterintuitive, but a trader might borrow an altcoin worth $5,000 against ether worth $10,000. They redeposit the altcoin as collateral to borrow more ether. Using a borrowed asset to secure further borrowing compounds risk. If the borrowed asset’s value falls, it triggers liquidation across multiple layers.

Borrowing, redepositing, and reborrowing accrue high fees and interest rates, eating into any potential gains. The user ends up exposed to both the collateral’s volatility and the borrowed asset’s performance, doubling the risk. A collateral or borrowed asset price decline could wipe out all initial capital in a downright ugly scenario.

Opportunities beyond lending and borrowing

Dolomite only allows margin and spot trading of ETH-USDC, but once it integrates the aggregator, users will be able to swap practically any asset with external liquidity, doing away with the risk of slippage and limited markets. It will offer margin trading on assets not available anywhere else.

Users will be able to deposit ether and USDC and earn lending interest, then add those assets to a liquidity pool and earn trading fees. They can make money from lending out the USDC-ETH liquidity pool token. In addition, with Dolomite’s integration into Berachain through the Royco Pre-Deposit Campaign, users will have further opportunities to maximize capital efficiency. Berachain’s Proof of Liquidity mechanism and Dolomite’s lending technology create an added synergy to enhance borrowing, lending, and trading within the ecosystem.

Finally, collateral can be used to vote, stake, or earn rewards even as one borrows against it. The platform passes the rewards on to its users.

Solana Price Prediction: $400 SOL Imminent? ETF Rumors Spark Rally While PlutoChain Attracts Whales

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Solana Price Prediction: $400 SOL Imminent? ETF Rumors Spark Rally While PlutoChain Attracts Whales

Solana (SOL) hit a record-breaking all-time high yesterday, fueled by the excitement surrounding Donald Trump’s upcoming inauguration.

This surge has sparked optimism across the crypto market, pushing the global market cap to an unprecedented $3.82 trillion – and the momentum doesn’t seem to be slowing down. With the so-called “Trump Pump” in full swing, investors are feeling bullish about the future of cryptocurrencies.

However, whales are shifting their focus toward a new project called PlutoChain ($PLUTO). Thanks to its hybrid Layer-2 blockchain it has the potential to revolutionize Bitcoin’s capabilities and tap into sectors such as DeFi, gaming applications, AI integration, and NFTs.

Let’s check out the details.

Solana’s Momentum Redefines Expectations. Is $400 Closer Than We Think by 2025?

Solana (SOL) has been experiencing significant momentum, prompting discussions about its potential to reach $400 by 2025. As of January 20, 2025, SOL is trading at approximately $247, with an intraday high of $276.79 and a low of $231.70.

Current technical indicators suggest a bullish trend for Solana. TradingView’s analysis rates SOL as a “strong buy,” based on popular technical indicators such as moving averages and oscillators.

The Relative Strength Index (RSI) is approaching overbought territory, indicating strong buying pressure. However, investors should be cautious of potential corrections if the RSI exceeds typical thresholds. What brings the most excitement is that Solana has managed to reach a new all-time high of $293 yesterday which is fueling bullish forecasts by industry experts.

Longforecast.com projects SOL to reach $413 by May 2025, with potential highs of $507 in June 2025. Similarly, experts at Coincodex see it going to $429 by June this year with it possibly reaching $557 by August.

Solana’s recent price surge is partly attributed to the broader cryptocurrency market’s bullish sentiment, influenced by pro-crypto policies from the new U.S. administration. The introduction of the Official Trump ($TRUMP) meme coin has also contributed to increased market activity.

Additionally, Solana’s network developments, such as enhanced scalability and reduced transaction costs, have attracted more users and developers, bolstering its market position.

PlutoChain ($PLUTO) Could Be The Missing Link For Bitcoins Broader Adoption and More Case Uses

PlutoChain ($PLUTO) is introducing an innovative hybrid Layer-2 blockchain that tackles some of Bitcoin’s long-standing challenges while building on its core strengths.

By leveraging Bitcoin’s unmatched security and decentralization, this project adds much-needed functionality like smart contracts, decentralized apps (DApps), and Ethereum Virtual Machine (EVM) compatibility. The scalability improvements PlutoChain offers are a big deal. It offers block time of just 2 seconds on its own chain, compared to Bitcoins standard 10-minute block time.

This means transactions happen faster and with lower fees, potentially making Bitcoin more practical for everyday uses – whether it’s small payments or large-scale enterprise applications. With this enhanced efficiency, Bitcoin is better positioned to handle increasing transaction volumes without any bottlenecks.

Smart contract functionality is another transformative feature PlutoChain brings to the table. Developers could now build decentralized finance (DeFi) platforms, NFT marketplaces, gaming projects, and even AI-driven tools directly on Bitcoin’s infrastructure. This functionality broadens Bitcoin’s potential beyond being just a store of value. The platform’s EVM compatibility may allow Ethereum-based applications to migrate to Bitcoin with ease, blending Ethereum’s flexibility with Bitcoin’s rock-solid security.

The PlutoChain testnet has already shown promising results, processing more than 43,200 transactions in a single day. This performance demonstrates that the platform can support real-world applications without breaking a sweat. The seamless integration of smart contracts and cross-chain capabilities further builds trust among developers who want a reliable and scalable platform to bring their ideas to life.

Security is a major focus for PlutoChain, and the platform doesn’t cut corners here. It has undergone extensive audits by leading firms like SolidProof, QuillAudits, and Assure DeFi.

These reviews have confirmed that PlutoChain’s code is secure, robust, and free from vulnerabilities, ensuring the safety of user transactions and assets. What sets PlutoChain apart is its decentralized governance model. The project empowers its community to make decisions about key updates, security measures, and others.

These votes are conducted transparently through the project’s official Discord channel, ensuring community members have a real say in shaping the platform’s direction.

The Bottom Line

Solana’s incredible momentum and the broader “Trump Pump” have reignited optimism in the crypto market, with SOL reaching new all-time highs and analysts projecting it could hit $400 or more by 2025.

On the other hand, the new PlutoChain ($PLUTO) could emerge as a groundbreaking project, addressing Bitcoin’s limitations with its hybrid Layer-2 blockchain. By introducing smart contracts, faster transactions, and EVM compatibility, this project could expand Bitcoin’s use cases into DeFi, NFTs, and beyond.

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.

Why JetBolt Is An Exceptional New Altcoin: Over 280 Million Tokens Sold In Presale

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Why JetBolt Is An Exceptional New Altcoin: Over 280 Million Tokens Sold In Presale

The crypto landscape is filled with a wide array of cryptocurrencies—some flourishing with strong ecosystems while others, like meme coins, thrive on trends and humor for their growth. Amidst this volatility, the young altcoin JetBolt (JBOLT) has made a remarkable impression by selling over 280 million tokens in its presale—and growing. This achievement has left many market observers with an intriguing question: what makes JetBolt stand out in the crowded altcoin market?

JetBolt has positioned itself at the heart of crypto chatters, capturing significant attention with its innovative zero-gas token and other trailblazing Web3 features like AI aggregator tool and SocialFi system, ensuring a more seamless blockchain experience.

Read on as we unravel the compelling reasons that make JetBolt an exceptional new altcoin.

Impressive Presale Performance: Over 280 million tokens sold and counting

As of press time, JetBolt’s presale has incredibly soared to over 280 million tokens sold. Beyond expectations, altcoin buyers and crypto enthusiasts are flocking to this young altcoin, stirred by the echoing talks about its groundbreaking features, such as zero-gas technology, an interactive staking system, and more.

Behind this impressively expanding presale is JetBolt’s distinct priority of rewarding early participants. The presale highlights include enticing perks such as daily token price increases and the special Alpha Boxes that offer up to 25% bonus tokens for bulk purchases or bundle deals.

On top of these astonishing presale incentives, buyers can right away take ownership and manage their purchased tokens within JetBolt’s fully operational ecosystem, thanks to its instant finality feature.

With such irresistible presale rewards and JetBolt’s ready-to-use ecosystem for holders to explore right from the start, it’s no wonder why altcoin buyers and crypto enthusiasts are eagerly gravitating toward this standout token, not wanting to miss out a hot slice of this next-gen altcoin.

Innovative Web3 Features: Delivering user-centric blockchain benefits

A significant driver of its spiraling presale momentum is JetBolt’s revolutionary features. This fast-rising altcoin star has got the crypto community awed with its tech-powered Web3 features that deliver tangible blockchain benefits.

Foremost among them is the trailblazing zero-gas technology. By leveraging the Skale Network, JetBolt offers lightning-fast payments and zero-gas transactions. With zero-gas tech, JetBolt enables users to make even multiple blockchain transactions without having to pay expensive gas costs. An upside for blockchain innovation, this means developers can possibly create cost-effective projects across dApps, blockchain gaming, and Web3.

With the flourishing of AI technology, JetBolt has tapped into AI power by adding modern functionality to its platform. Likely to appeal to savvy, next-gen crypto enthusiasts, JetBolt boasts an AI-driven aggregator tool that brings fresh crypto news and insights, categorized  according to bullish or bearish market sentiment.

Going a notch higher, JetBolt comes with an intuitive Web3 wallet that enables both novice and well-versed crypto users to seamlessly conduct transactions, thanks to the advanced integrations of WebAuthN and facial recognition features. This easy-to-use Web3 wallet is also self-custodial, eliminating the need for third-party custodial services.

By showcasing these innovative features and real-world utilities, JetBolt stands out in the competitive altcoin market, presenting itself as amongst the new captivating tokens that could shine brighter in 2025.

Ecosystem Infrastructure: Fostering community engagement

As JetBolt is truly committed to creating a meaningful blockchain experience for every user, it has introduced a fresh approach to staking. Adding an interactive twist thanks to its SocialFi model, JetBolt offers bonus tokens to stakers for connecting with others on the platform, fostering user engagement by rewarding active participation.

With this socially enhanced staking program, the staking activity is turned into a potentially more fun and collaborative experience. This fresh combination of innovation and community engagement distinguishes JetBolt’s staking model from other rising altcoins in the market, marking one of JetBolt’s exceptional attributes.

Final Take on Why JetBolt is an Exceptional New Altcoin with Over 280 Million Tokens Sold in Presale

In the evolving crypto market and blockchain landscape, JetBolt is carving out its special niche by offering an array of blockchain innovations that harness the power of modern technology without sacrificing users’ benefit and comfort. Designed to tackle key blockchain challenges, JetBolt provides a suite of innovative Web3 features, like its zero-gas transactions and AI tech, that enhance user experience. Having sold over 280 million tokens in presale, JetBolt’s cutting-edge features, coupled with practical utilities, could further drive its upward momentum and raise the bar for new altcoins entering the crypto arena.

Explore JetBolt’s distinct features and presale details by visiting the official website today.

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.

Analyst Picks Top 5 Promising Altcoins That Could Deliver Solid Returns Before Year End

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Analyst Picks Top 5 Promising Altcoins That Could Deliver Solid Returns Before Year End

A leading analyst shines a spotlight on five altcoins with strong potential to yield impressive gains by year-end. As the market rides a bullish wave, investors eagerly seek opportunities to maximize returns. This expert’s picks promise to capture attention with their remarkable promise, sparking curiosity among crypto enthusiasts looking to capitalize on the current market surge.

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!

Worldcoin (WLD) Gearing Up for a Potential Comeback

Worldcoin is trying to bounce back. Its current price moves between $1.71 and $2.24. This range is just below the 10-day simple moving average of $2.01. The nearest resistance is at $2.58. If Worldcoin can break this resistance, it could aim for $3.12. That would mean a rise of over 30% from its current high. The RSI is under 50, suggesting Worldcoin isn’t overbought. The weekly change is down over 7%, and monthly, it’s over 16% down. Bulls believe Worldcoin can reverse this trend. With the crypto market looking bullish, Worldcoin might see brighter days soon.

Polkadot Poised for Potential Growth Amid Mixed Signals

Polkadot’s current price hovers between $5.64 and $7.23. The price faces resistance at $8.21 and support around $5.03, with a stronger ceiling at $9.8. It’s recently seen a 1-month drop of over 10%, but a rebound of around 10% over six months shows potential gains. Support at $5.03 is crucial to prevent further decline. The relative strength index is neutral, indicating room for upward movement. A push towards $8.21 represents potential growth of over 14%. If it breaks this, it could aim for $9.8, which means a possible increase of more than 30% from current levels. Recently, mixed price signals reveal Polkadot’s potential amidst a cautious market.

Is Mantle (MNT) Ready for a Breakout in the Crypto Market?

Mantle (MNT) is currently trading between $0.87 and $1.10. It just recently faced a dip of over 16% in the last week but shows potential for a rebound. The RSI is low at 38.78, suggesting it might be undervalued. If MNT can push through the $1.25 resistance, it could aim for $1.48, offering around a 35% increase from the current level. However, it hovers below its 100-day average of $1.07, indicating some cautious sentiment. If the next altcoin season hits as expected, MNT could ride the wave higher, making these resistance levels crucial for its next moves. Keep an eye on the coming days to see if the bull run takes charge!

Raydium (RAY) Poised for Big Moves Amidst Crypto Surge

Raydium is buzzing as its price dances between $4.50 and $8.00. It has shown a stunning rise, with a 227% leap over six months! The current price hovers near its 10-day moving average of $6.89, above the 100-day average of $6.40, suggesting bullish momentum. If RAY breaks the resistance at $9.57, the next hurdle is at $13.07. With an RSI of 63.13 and a high stochastic of 91.60, the trend might keep climbing. The week’s 56% growth backs this momentum. All eyes are on RAY to potentially soar past its current bubble, as the market suggests exciting opportunities ahead!

Conclusion

Although WLD, DOT, MNT, and RAY may offer less short-term gains, Catzilla presents a remarkable opportunity. As the ultimate meme coin hero, it aims to bring financial freedom to everyone. With a 700% ROI potential during its presale and triple utility in governance, rewards, and staking, Catzilla invites enthusiasts to join the fight by acquiring $CATZILLA tokens.

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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.

Dogecoin Price Prediction: Analyst Highlights How Dogecoin Could Rally 55X to $20+

Mark Brennan
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Dogecoin Price Prediction: Analyst Highlights How Dogecoin Could Rally 55X to $20+

Dogecoin (DOGE) could be on the verge of a significant price rally, according to crypto analyst Dima James Potts, who cites historical post-presidential inauguration patterns.

Dogecoin and the broader crypto market have faced significant bearish pressure as Donald Trump officially begins his second term. Contrary to popular expectations, the crypto market has taken a substantial hit, and Dogecoin has not escaped the bearish onslaught.

Today, Dogecoin has lost over 10% of its value, trading at $0.3400 at the time of reporting. Trump’s official meme coin has fared even worse, tanking by over 30% today alone.

Meanwhile, market commentators like Ðima James Potts believe the bearish sentiment is only temporary.

Using historical patterns, Potts linked Dogecoin’s extraordinary price surges to U.S. presidential inaugurations. In particular, he points to previous trends as a potential indicator that DOGE could surpass $20 during this cycle.

Dogecoin Historical Trends Pointing to Explosive Growth

Analyzing Dogecoin’s weekly chart, Potts highlighted its price performance following the last two inaugurations.

He noted that during the 2017 cycle, DOGE saw an impressive 30x price increase after the inauguration. Similarly, in 2021, the meme coin outdid itself with an 80x rally following the event.

These patterns have set high expectations for the current 2025 cycle. With DOGE trading at $0.38 on the eve of the inauguration, Potts projects that a 55x growth—calculated as the average of the previous cycles—would bring its price to an astonishing $20.

Image
Dogecoin chart by Dima James Potts

Factors Supporting Optimism

Potts is confident that Dogecoin could outperform its historical trends this season. He pointed to technological advancements and the growing global institutional adoption of cryptocurrencies.

Recall that institutional market maker Wintermute recently projected that Dogecoin could get an ETF this year. Potts believes this institutional interest in Dogecoin could create the perfect conditions for another historic rally.

The Path to $10 and Beyond

With Dogecoin trading at $0.3400, rallying to $10 would represent a 3,116% upside for current holders. A run to $20 would yield a 5,778% upside. Interestingly, some analysts are even calling for more explosive price surges for Dogecoin in this cycle, with targets of $30 and $40.

These analysts largely hope that the meme coin will replicate its 2017 and 2021 price performance. However, these lofty price aspirations would mean several trillions of dollars in market cap for Dogecoin—a point critics often use to dismiss the optimism.

Glassnode and CryptoQuant Suggest Bitcoin Has More Room to Grow, with Targets of $145K to $1.7M

Albert Brown
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Glassnode and CryptoQuant Suggest Bitcoin Has More Room to Grow, with Targets of $145K to $1.7M

Reports from market analytics platforms Glassnode and CryptoQuant suggest that Bitcoin still has room for more substantial growth.

The report comes as Bitcoin (BTC) claims a new all-time high of $109,000 on the back of President Donald Trump’s inauguration. In its report, Glassnode stated that Bitcoin’s current trend resembles historical patterns, especially the 2015-2018 cycle. 

Bitcoin Trailing 2015-2018 Cycle

The market resource examined data across all Bitcoin cycles to confirm this assertion. Particularly, at the current stage of the market, the Genesis to 2011 cycle had seen an 80.51x price increase from cycle low, while the 2011 to 2015 cycle had achieved a 55.30x growth. 

Meanwhile, the 2015 to 2018 and 2018 to 2022 cycles had delivered smaller but still impressive gains of 2.80x and 3.31x from their respective cycle lows. Interestingly, the 2022+ cycle is currently up 2.92x from its low at this stage, resembling the trajectory of the 2015 to 2018 cycle.  

Data from Glassnode’s chart confirms that at this stage in the 2015 to 2018 cycle, Bitcoin had risen 562%, while the ongoing cycle has achieved a 630% increase. 

Bitcoin Performance from Cycle Low Glassnode
Bitcoin Performance from Cycle Low | Glassnode

However, the chart also revealed that after rising 562% from its cycle low in 2015-2018, Bitcoin witnessed further rally, with its growth ultimately rising to 11,374%. This represented the peak of $19,666 in December 2017. 

This indicates that, with Bitcoin now up 630% in the current cycle, it could still witness a more substantial growth if it continues to trail the 2015-2018 cycle. However, the extent of its further growth remains uncertain.

To put things into perspective, if the current cycle were to replicate the exact 2015-2018 trajectory, an 11,374% rise from this cycle’s 2022 low of around $15,000 could theoretically push Bitcoin to a peak of $1.7 million, given its 2022 low of $15,000. However, this growth is likely unfeasible.

Bitcoin Realized Cap Multiplier 

Meanwhile, CryptoQuant’s analysis presented a more realistic target of $145,000 to $249,000 in 2025, as they agreed that Bitcoin still has more room for growth. Their analysis relies on the realized cap multiplier, which measures how Bitcoin’s market value responds to capital inflows. 

According to the report, during bull markets, Bitcoin’s multiplier typically ranges between 2 and 6, meaning every $1 of new investment could increase market value by $2 to $6. Based on projected capital inflows of $520 billion by 2025, they calculated these price targets as realistic.  

Bitcoin Realized Cap Multiplier CryptoQuant
Bitcoin Realized Cap Multiplier | CryptoQuant

Moreover, market analyst Joohyun Ryu recently noted that crypto demand is surging among South Korean investors, a factor that could help propel further growth for Bitcoin. The “Kimchi Premium,” which shows higher local crypto prices, indicates increased domestic interest. 

At the same time, Ryu noted that rising unemployment rates in the United States present a potential risk to global economic stability. Notably, such trends have preceded recessions, suggesting the need for caution despite optimistic market conditions. Currently, Bitcoin trades for $104,637, down 2.82% over the past 24 hours.

MicroStrategy Makes Largest Bitcoin Acquisition of 2025 with $1.1B Purchase

Abdulkarim Abdulwahab
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MicroStrategy Makes Largest Bitcoin Acquisition of 2025 with $1.1B Purchase

MicroStrategy has announced its largest Bitcoin acquisition of 2025 so far, injecting $1.1 billion in fresh capital into the market today.

Chairman Michael Saylor disclosed the new acquisition on X a few hours ago. According to the disclosure, MicroStrategy has added 11,000 BTC to its massive Bitcoin holdings. The firm purchased the tokens at a unit cost of $101,191, bringing the total capital to approximately $1.1 billion.

MicroStrategy’s Biggest Bitcoin Acquisition of 2025

Following this latest purchase, MicroStrategy now holds 461,000 Bitcoin. With this portfolio, the company controls around 2.3% of Bitcoin’s circulating supply.

The company has leveraged a substantial $29.3 billion in capital to accumulate this portfolio over the last four years. This latest acquisition represents its largest Bitcoin purchase of the year.

The last two rounds of Bitcoin purchases, announced on January 6 and 13, saw the company adding 1,070 BTC and 2,530 BTC, respectively, for a total of $344 million.

However, in this latest round, MicroStrategy has significantly raised the stakes with a billion-dollar purchase in one transaction. Overall, so far in 2025, the company has acquired 14,600 BTC, with a cumulative total of $1.44 billion.

Meanwhile, MicroStrategy continues its trend of weekly announcements of new Bitcoin acquisitions. The company began this weekly buying in November 2024, particularly after Donald Trump won the presidential election, signaling a promising environment for Bitcoin to thrive in the next four years.

Hopes Remain High for Trump’s First Crypto Move

Trump took office on Monday, and the crypto community is eagerly awaiting his first pro-crypto announcement as president. The community initially faced disappointment as Trump made no mention of any crypto-related orders in his inaugural address, despite hopes for such a move.

This outcome caused crypto asset prices to drop over the 24 hours following Trump’s inauguration.

However, industry commentators like Binance founder Changpeng Zhao have urged caution, reminding everyone that Trump cannot fulfill all promises in one day. “Good things take time,” he added.

At the same time, World Liberty Financial, a DeFi project inspired by Donald Trump, attempted to lift the crypto community’s spirits by announcing fresh acquisitions of Bitcoin, Ethereum, and other crypto assets. Specifically, it injected over $100 million into the market on inauguration day.

While the industry awaits Trump’s first pro-crypto move as president, MicroStrategy continues to buy Bitcoin, positioning itself ahead of plans to establish a national Bitcoin reserve in the U.S.

Utah Proposes Bill to Allow State Treasury to Invest Up to 10% in Bitcoin

Albert Brown
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Utah Proposes Bill to Allow State Treasury to Invest Up to 10% in Bitcoin

A new legislative measure in Utah aims to allow the state treasury to invest a portion of its assets in digital currencies like Bitcoin.

The proposed bill, “Blockchain and Digital Innovation Amendments (H.B. 230),” seeks to incorporate blockchain-based assets into the state’s financial planning. Introduced by Representative Jordan Teuscher, the bill suggests that up to 10% of public funds be invested in select digital assets and stablecoins. 

The bill outlines essential provisions, defines digital assets, outlines custodial requirements, and specifies regulations for stablecoin investments. Additionally, the legislation authorizes the state treasurer to stake and lend digital assets under predetermined conditions. 

Utah Bitcoin bill
Utah Bitcoin bill

Investment Eligibility and Asset Criteria

The bill mandates specific conditions for digital asset investments. To qualify, a cryptocurrency must sustain a market capitalization above $500 billion over a 12-month average. At the moment, only Bitcoin meets this requirement. 

On the other hand, stablecoins must be fully backed by U.S. dollars or other highly liquid assets and must adhere to strict regulatory oversight. These guidelines effectively narrow the range of eligible investments to Bitcoin and select stablecoins that meet the stringent requirements.

Utah’s legislative efforts align with increasing U.S. states exploring blockchain integration into treasury management. Should this proposal pass, Utah will join other states that have begun diversifying their investment portfolios to include digital assets.

For instance, Wyoming has also introduced legislation aimed at including Bitcoin in state-managed investments. Likewise, a similar proposal for Bitcoin has also surfaced in Oklahoma.

Wyoming’s Push for Bitcoin Integration

Representative Jacob Wasserburger’s January 18 House Bill 201 proposes allocating up to 3% of state funds to Bitcoin investments. The measure would apply to funds within Wyoming’s general fund, permanent mineral trust fund, and permanent land fund.

According to Wyoming’s latest investment report, the state oversaw approximately $30.8 billion in assets as of November 30, 2024. Of this, the Permanent Wyoming Mineral Trust Fund accounted for around $11.5 billion, potentially enabling over $300 million in Bitcoin investments under the new policy. 

Senator Cynthia Lummis has acknowledged the bill’s significance, emphasizing Wyoming’s role in pioneering financial innovation. The state has previously enacted digital asset-friendly policies, and this latest measure builds upon its existing approach to cryptocurrency adoption.

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