#BitwiseBitcoinETF What is the Ethereum "Purge"? Explaining Buterin's New ETH Update and Why New Altcoin Sells 41 Million Tokens

Ethereum co-founder Vitalik Buterin recently unveiled plans to enhance the network’s efficiency with what he calls, “The Purge”. Buterin’s announcement left market observers wondering whether the ambitious network update could translate into ETH’s massive price recovery.

Meanwhile, a new altcoin is taking the crypto spotlight with its explosive presale. JetBolt (JBOLT), a fresh and exciting project, has sold over 41 million tokens since its presale launched recently in August 2024.

Can Ethereum pull off a successful comeback with its recent network upgrades, and what’s fueling JetBolt’s trending presale? Read on to find out.

Buterin Shares Plans to Reduce Ethereum’s Complexity

Vitalik Buterin recently revealed plans to improve the efficiency of the Ethereum (ETH) network. A key element of Ethereum’s strategy includes “The Purge,” which is part of the “Possible futures of the Ethereum protocol” series of updates. This update aims to make the Ethereum network more efficient by reducing unnecessary data and complexity.

Buterin shared that huge data storage needs are one of Ethereum's biggest challenges today.

The Ethereum innovator explained that the network becomes bloated as transactions accumulate and smart contracts increase.

This makes it more difficult for new nodes to join, hindering the seamless operation of the Ethereum network. It also leaves Ethereum more vulnerable to rising costs for users and operators.

According to Buterin, "The Purge's" intent is to ease the storage burden "by reducing or eliminating the need for every node to permanently store all history. The Ethereum co-founder further added that "The Purge" aims to reduce protocol complexity by cutting off obsolete features.

However, some crypto analysts caution that while this ambitious overhaul could boost Ethereum’s future prospects, it may not lead to massive price pumps right away.

#CryptoETFMania Can Ether cross $3.5k despite $1B in cumulative shorts?

The $3,500 price level continues to act as a significant resistance for the world’s second-largest cryptocurrency.

A potential Ether rally above $3,500 would liquidate over $1 billion worth of cumulative leveraged short positions across all crypto exchanges, CoinGlass data shows.

At the time of writing, Ether’s price is trading 31% lower than its old all-time high of above $4,800, recorded on Nov. 16, 2021.

Based on technical chart patterns, Ether has entered an accumulation wave, which could help ETH price surpass $4,400 during the first quarter of 2025, wrote popular crypto analyst TMV in a Dec. 28 X post:

“Wave 5 accumulation [is] happening. Even if it sweeps one more time I will buy. Heavy target $4,400.”

However, the analyst warned that a correction below $2,914 would invalidate the accumulation wave thesis.

Most crypto analysts remain optimistic about Ether’s price trajectory in the first part of 2025.

Ether’s price may be on track for a rally above $4,000 before Jan. 20, when President-elect Donald Trump will take office, a Bybit spokesperson told Cointelegraph.

#CryptoETFMania Ethereum prepped for 2025 rally as monthly Ether ETFs inflows double

The monthly record in ETF inflows was insufficient to lift Ether's price past the $3,500 resistance, which would trigger over $1 billion worth of leveraged short liquidations.

Ether exchange-traded funds (ETFs) hit a new monthly record in December despite the holiday illiquidity, bolstering analyst expectations of an incoming rally.

The United States spot Ether ETH tickers down $3,400.09
exchange-traded funds (ETFs) reached a new monthly record, surpassing $2.1 billion worth of cumulative net inflows during December.

December’s $2.1 billion worth of inflows is nearly double that of November, when the ETH ETFs received just over $1 billion worth of cumulative net inflows, Farside Investors data shows.

ETH ETFs surpassed $2.5 billion in cumulative net inflows on Dec. 24, five months after they debuted for trading on July 23, 2024, Cointelegraph reported.

Despite the record inflows, Ether is unable to escape its current downtrend. Ether price is down 8.4% on the monthly chart, trading at $3,353 as of 9:54 am in UTC, according to data from Cointelegraph Markets Pro.

However, some traders are capitalizing on Ether’s downtrend. A savvy crypto trader was up over $1.1 million on his 50x leveraged Ether position in just 2 days after taking a short position on Ether, which effectively bets on its price decline.

Growing ETF inflows are an optimistic sign for Ether’s price trajectory for the next year, further bolstering the predictions of asset management giant VanEck, which foresees a $6,000 ETH cycle top during 2025. $ETH

#CryptoETFMania What Factors Could Cause Ethereum to Go Up?

Despite the recent downtrend, several factors suggest that Ethereum could experience significant growth in the next bull run:

The successful transition to Proof-of-Stake: The merger significantly improved Ethereum's energy efficiency and environmental sustainability, making it more appealing to investors.

Growing adoption of DeFi and dApps: The DeFi and dApp ecosystem on Ethereum continues to grow rapidly, with new applications and use cases emerging constantly.

This increased demand for ETH could drive up its price.
Institutional adoption: More and more institutional investors are entering the cryptocurrency space, and Ethereum is often seen as a more reliable and mature option than other altcoins.

Upgrades and scaling solutions: The Ethereum team is actively working on upgrades and scaling solutions like sharding to address scalability issues and improve transaction speed. This could make Ethereum more attractive to users and developers.

Impact of Next Crypto Bull Run on Ethereum

While predicting the exact timing of the next bull run is difficult, many experts believe it is on the horizon, and Ethereum is poised to reap substantial benefits.

Here are a few factors that can significantly impact Ethereum.

What Pushed Ethereum Down?$ETH

While the current trend shows optimism, it's essential to understand the forces that caused Ethereum's previous decline.

The cryptocurrency market, along with other financial markets, faced a downturn in 2022 due to several key factors:

Global economic downturn: Rising interest rates and inflation dampened investor sentiment and led to a broader sell-off in the cryptocurrency market.

The collapse of major crypto institutions: The bankruptcy of FTX, a leading crypto exchange, shook investor confidence and caused widespread panic in the market.#BitwiseBitcoinETF

Concerns about Ethereum's scalability: The Ethereum network faced scalability issues, leading to high transaction fees and slow transaction processing times.

Increased regulatory scrutiny: Regulatory uncertainty surrounding cryptocurrencies created a sense of unease among investors.

#ATASurgeAnalysis Will Ethereum Go Up in the Next Bull Run? - Complete Analysis

Delve into a detailed analysis of Ethereum to uncover whether ETH will go back up or not. Explore the factors that can impact its price in the next bull run.

Ethereum, a trailblazer in the blockchain technology space, has established itself as the second-largest cryptocurrency by market capitalization.

However, its journey hasn't been without its fair share of ups and downs. Investors are now looking towards the future, wondering if Ethereum will experience a surge in the next bull run.

This blog post will comprehensively analyze Ethereum's current state, potential driving forces, and what it could mean for its future value.

Ethereum Overview
Launched in 2015 by Vitalik Buterin, Ethereum is a decentralized platform powered by blockchain technology. Its native token, ETH, fuels various activities within the network, such as running decentralized applications (dApps) and executing smart contracts.

Ethereum is significant in the DeFi (decentralized finance) space, enabling various financial instruments like lending, borrowing, and trading without relying on traditional financial institutions.

Current Performance of Ethereum
As of today, the price of Ethereum sits at around $2600, representing an 86% increase year-to-date. This growth comes after a significant dip, with the price falling from its peak of $4800 in November 2021 to around $1200 in October 2022.

The recent price increase can be attributed to several factors, including the successful completion of "The Merge" in September 2022, which transitioned Ethereum from a proof-of-work to a proof-of-stake consensus mechanism.

#BitwiseBitcoinETF

#CryptoETFMania Bitcoin Investors Begin to Ponder What’s Next After ETF Mania Cools

Largest cryptocurrency fell for first time in three quarters

Demand for ETFs have slowed from record inflows after debut

As the second-quarter draws to a close, crypto investors are left wondering what’s next for Bitcoin after it retreated from the all-time highs registered during the height of the mania over exchange-traded funds.

The original cryptocurrency is down about 13% since March, a sharp contrast from the 67% and 57% surges seen, respectively, in the previous two quarters. Bitcoin, which reached a record $73,798 on March 14, is closing the quarter at around $61,000.

#CryptoETFMania Bitcoin ETF Mania: Are We Heading for a Bull Run?

Table of contents

The Ins and Outs of Bitcoin ETFs
Whale Watching: What Are They Up To?

The Political Landscape and Its Influence
The crypto world is buzzing right now. Bitcoin ETFs are raking in cash like there's no tomorrow, and it’s got everyone talking. I mean, over $2 billion just this week?

That’s some serious cheddar. And when you throw in the fact that whales seem to be on a buying spree, it’s hard not to get a little curious about what’s going on here.

The Ins and Outs of Bitcoin ETFs

Let’s break it down. Spot Bitcoin ETFs saw inflows of $2.13 billion this week alone, which is insane. According to some folks out there, this might be similar to what happened back in 2020 before things went parabolic.

Total net inflows into these Bitcoin products have hit an all-time high of $20.94 billion — something gold ETFs took years to achieve while Bitcoin did it in less than a year.

But here’s the kicker: JPMorgan analysts are already saying they doubt this pace will hold up. They’re pointing out that Bitcoin prices are pretty high compared to production costs right now and that maybe, just maybe, these inflows aren’t new money but just a rotation from other crypto products.

And let’s not forget about the banks! They’re probably sitting back with their popcorn watching all this unfold, knowing full well that having crypto-friendly services is going to pay off big time down the line.

Whale Watching: What Are They Up To?

Now onto the whales — you know those big players who can move markets with a single click? There seems to be an interesting pattern emerging with them too. One analyst pointed out on X (formerly Twitter) that whale ratios on spot exchanges look eerily familiar to July 2020 — right before a massive rally kicked off.

Another CryptoQuant CEO highlighted how newer whale wallets are at an all-time high too. These guys usually know when to buy low and hold until they can sell high; their actions often give us clues about market direction.

#Crypto2025Trends Solana: Ready for Exponential Gains?

Davis notes Solana’s recent 30% pullback as a bullish retest for its year-long triangular pattern. Solana’s price might reach $420, $680, and possibly $950 to $1,100 at the height of the cycle, breaking over its past all-time high of $270.

Davis advises traders to think about taking profits at reasonable levels instead of waiting for extreme targets, though, and warns against greed.

XRP: An Overdue Rally Long

XRP, a cryptocurrency suffering ongoing difficulties because of legal conflicts, is supposed to benefit its community. Davis thinks customer interest in XRP is still high, and during the next cycle its price might rise to $5, $8, or even $10.

Fibonacci extensions provide a theoretical limit of roughly $11.70 for those looking for loftier goals. Davis tempers expectations, though, pointing out XRP’s subdued success in past cycles brought on by outside restraints.

Meme Coins Mania: Dogecoin

King of meme coins, Dogecoin is expected to enjoy another crazy run. Based on present levels, Davis sees possible price objectives ranging from $1.20 to $2.50 and perhaps $3. He does, however, warn that the flow of rival meme coins washing the market may dilute the performance of Dogecoin.

Eyeing $10 Trillion, Total Crypto Market Cap

Davis also looks into the larger crypto market. At the cycle’s high, he notes the overall market cap may reach $4 trillion, $6.7 trillion, and possibly $10 trillion. Reaching these levels would fit his forecasts for Ethereum, Bitcoin, and other major cryptocurrencies.

He does, however, stress the need for timing since these “Pico Peak” rates might only be valid for a few days before a dramatic reversal starts.

The crypto market’s cyclical nature provides potential for big rewards, but it also requires attention. Davis wisely suggests, “Take the money and run” when the market offers advantageous exits.

#Crypto2025Trends 2025 Crypto Predictions: Bitcoin, Ethereum, Solana, and XRP Trends

Lark Davis predicts major crypto market moves in 2025, emphasizing Bitcoin, Ethereum, Solana, XRP, and Dogecoin trends.

Fibonacci tools suggest potential cycle peaks for Bitcoin, Ethereum, and the total cryptocurrency market in 2025.

Prominent crypto analyst Lark Davis has revealed his audacious forecasts for big cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and Dogecoin, just around the horizon. His analyses are broken out here together with the data supporting these projections.

2025 Crypto Predictions
Bitcoin: Targeting $200,000 to $250,000?
Lark is Davis starts by stressing the several ways Bitcoin’s price path could turn out. He projects a possible market top around March, April, or later in 2025 using tools including the Pi Cycle and Fibonacci extensions.

Based on past performance, Davis projects Bitcoin could reach $200K to $250K with an upper potential of $280K should momentum keep.

Future market moves could be guided by important levels such as the 2.68 line and the 1.618 Fibonacci line, recently tested during recent rallies. Should Bitcoin follow historical patterns, its price may spike sharply, surpassing significant psychological benchmarks before consolidation.

Ethereum: Setting Out for a Potential $15K
Recent price activity on Ethereum has been volatile, with a sharp drop from $4,101 to $3,100. Still, Davis is upbeat, pointing to Ethereum’s triangle of consolidation as a forerunner of a breakout.

At the cycle’s high, the breakout might drive Ethereum toward notable goals like $7,500, $11,000, and an aspirational $15,000. Fibonacci extensions bolster these estimates; past market cycles’ historical accuracy helps to build trust in these pricing targets.

#MarketRebound El Salvador will expand BTC purchases in defiance of the IMF deal. El Salvador’s National Bitcoin Office said the country will continue to buy the first cryptocurrency and possibly at an ‘accelerated pace’.

US mining company MARA has launched a second project in Finland to use the heat generated by cryptocurrency mining for home heating. With this latest initiative, 80,000 residents of the country will be provided with heat generated by mining equipment.

#MarketRebound Bitcoin Fell Back to Local Support

Bitcoin is trading around $95.5K, receiving support near the 50-day moving average on Friday and Monday.

Bitcoin’s Holiday Liquidity Crunch May Amplify Price Swings, but Buyers May Step In

The crypto market retreated last week and is in no hurry to recover, remaining at $3.31 trillion, roughly where it was 30 days ago. The sharp dip below $3.2 trillion was also quickly bought back, but a full-blown rebound is yet to be seen. Markets continue to digest the Fed’s tougher tone, reinforced by the accumulated urge to lock in profits after a strong year.

The Crypto Market Sentiment Index is in neutral territory, compared to the shuttling between fear and extreme fear in US stocks.

Bitcoin is trading around $95.5K, receiving support near the 50-day moving average on Friday and Monday. While we expected to see the market decline here, it’s too early to say this is the end of the correction. Further declines in the stock market, of which there are many in Bitcoin and Ethereum, could trigger institutional investors, launching a deeper pullback.

Reduced holiday liquidity has the potential to amplify this amplitude. In a potential shock scenario, they see a dip into the $70K area. However, there are more chances that a pullback to $90K in the next couple of weeks will be attractive enough for buyers to stop the sell-off.

Crypto News
Matrixport expects that the first cryptocurrency could see a strong start in early 2025. Messari predicts that Bitcoin and real-world tokenised assets (RWAs) will be the focus of investor attention in 2025.

The average duration between Bitcoin’s first and last all-time high (ATH) in a cycle is 318 days, K33 Research noted. If the pattern repeats, the next global peak will be reached on 17 January, before the inauguration of US President-elect Donald Trump. Analysts noted an increase in coins available on the market to the highest since 2021 (22% of supply), driven by Mt. Gox proceeds and government sales.

The US SEC approved the first spot ETFs combining Bitcoin and Ethereum.

#ChristmasMarketAnalysis Analysis: Bitcoin's Holiday Performance Contradicts the "Christmas Heist" Hypothesis

ChainCatcher news, according to on-chain analyst Ai Yi's analysis, the performance of Bitcoin during the Christmas & New Year holidays over the past five years shows that from December 20 to January 6, Bitcoin's volatility is significantly larger, but the actual price fluctuation, except for the particularly severe year of 2020, remains within 10% in other years.

Moreover, in 80% of the years, the price performance of cryptocurrencies in the following two months is quite good. If the bottom-fishing time is narrowed down to one week after New Year's Day, the possibility of making a profit is still 60%.

Observing the performance of the Nasdaq index over the past five years, the fluctuations during the Christmas period are quite large; however, the overall price change is not significant. Therefore, it can be inferred that the U.S. stock market will not have a major negative impact on Bitcoin after the holidays.

In summary, although this bull market is significantly influenced by the inflow and outflow of BTC ETFs, the Nasdaq index did not show a noticeable decline during or after the Christmas period, which has little impact on cryptocurrencies. The price performance of Bitcoin itself is contrary to the speculation of the "Christmas massacre."#BinanceAlphaAlert

#ChristmasMarketAnalysis Bitcoin Futures Trading Strategies:

Range Trading: Capitalize on price fluctuations within the $92,000 to $98,000 range. Buy near support and sell near resistance.

Breakout Trading:
Upside Breakout: A convincing break above $98,020 could signal a move towards $102,000 or higher.

Downside Breakout: A break below $92,450 could lead to declines towards $91,720 and $90,170.
Technical Analysis Tips for Bitcoin Futures:

Patience is Key: Don't chase price movements. Wait for Bitcoin to reach key levels and observe market reaction before entering trades.

Volume Confirmation: Look for increased volume to confirm breakouts or reversals.

Risk Management: Always use stop-loss orders to limit potential losses.

The Holiday Season and Bitcoin:

Historically, Bitcoin has shown mixed behavior during the holiday season. While some years have seen a "Santa rally" with increased buying activity, others have experienced declines.

With Christmas Eve tomorrow, it's worth considering the potential impact of holiday trading on Bitcoin's price.

Reduced trading volume and increased volatility are possible, so traders should exercise caution and be prepared for unexpected price swings.

By understanding these key levels, employing sound technical analysis principles, and considering the potential impact of the holiday season, Bitcoin futures traders can gain a significant edge in this volatile market. Remember to manage your risk and trade responsibly.. Always trade bitcoin at your own risk only.

#ChristmasMarketAnalysis Bitcoin Technical Analysis for Christmas #ChristmasMarketAnalysis

Bitcoin's price action during the holiday season can be unpredictable, as past trends show.

Regardless of market direction, we provide you with expertly analyzed key price levels that our algorithm monitors for Bitcoin futures.

Think of this as your ultimate crypto holiday technical roadmap.$BTC

Ho, ho, ho, Bitcoin Technical Analysis: Key BTC Price Levels for Christmas
We Asked Santa to look at Bitcoin Futures

It's worth noting that Bitcoin's price movement during the Christmas season isn't consistently bullish. However, during bullish market cycles, the cryptocurrency often performs well in this period. On the other hand, bear markets have historically brought notable price declines for Bitcoin during the festive season.

According to data from Coinglass, Bitcoin saw a significant rally during Christmas week in previous halving years. For example, in 2020, Bitcoin surged by 25.63% during the 52nd week. Similarly, in 2016, it gained 11.25%, and in 2012, it recorded another impressive double-digit increase.

Bitcoin Futures: Current Trading Range and Key Levels

Bitcoin futures are currently confined within a well-defined range of $92,000 to $98,000. This range is critical because it's framed by key levels that have historically influenced price action. These levels act as potential turning points, where buying or selling pressure can lead to reversals or breakouts.

Critical Resistance Levels (Potential for Price to Stall or Reverse):

$97,350: A significant level where sellers may enter the market, potentially causing a price reversal.

$98,020: Close to $97,350, this strengthens the resistance zone. A decisive break above this confluence zone could signal further upward momentum.

$102,000: If Bitcoin breaks above $98,000, this level is likely to be the next major obstacle.

$105,070: In an extended uptrend, this level could attract profit-taking and potentially trigger a reversal.
Crucial Support Levels (Potential for Price to Hold or Bounce):

#ChristmasMarketAnalysis FED Makes Hawkish Statements: Institutional Investors First Sold, Then Turned to Bitcoin and Surprise Altcoins!

CoinShares reported $308 million in inflows into cryptocurrency products last week.

While the leading cryptocurrency Bitcoin (BTC) closed the week with its first loss since Donald Trump's victory, CoinShares published its weekly cryptocurrency report and said that there was an inflow of $ 308 million last week.

“Inflows into cryptocurrency investment products continued last week, totaling $308 million.”

Inflows Continued in Bitcoin and Some Altcoins!
When looking at crypto funds individually, it was seen that the fund inflows were in Bitcoin.

While BTC saw an inflow of $375 million, Ethereum (ETH) saw an inflow of $51.3 million.

There was also an inflow of $0.4 million in the Bitcoin Short fund, which was indexed to the fall of BTC.

When we look at other altcoins, XRP experienced an inflow of $8.8 million, Polkadot (DOT) $1.9 million, Litecoin (LTC) $0.6 million, Chainlink (LINK) $1.7 million, and Solana (SOL) experienced an outflow of $8.7 million.

“Bitcoin saw net weekly inflows of $375 million, despite outflows during the week.

The most dramatic flows came from multi-asset investment products, which saw outflows of $121 million last week.

While many altcoins like XRP ($8.8M), Horizen ($4.8M), and Polkadot ($1.9M) continue to see inflows, it suggests that investors are choosing to take a more selective approach.

While there was an inflow of $51 million into Ethereum, there was an outflow of $8.7 million in Solana.

When looking at regional fund inflows and outflows, it was seen that the USA ranked first with an inflow of 567 million dollars.

Brazil came in second after the United States with $16 million.

Against these inflows, Switzerland experienced an outflow of $95.1 million and Germany an outflow of $74.7 million.

#MicroStrategyInNasdaq100 Charles Hoskinson Talked About Bitcoin (BTC), Cardano (ADA) and XRP!

Cardano founder Charles Hoskinson spoke about Cardano, XRP, and Bitcoin.

Having made a major breakthrough in the recent rally, Cardano (ADA) continues to attract the market's attention.

At this point, while it is wondered whether ADA will continue its rally, popular analyst Ali Martinez said that there is $6 for Cardano.

At this point, the analyst noted that ADA is similar to the cycle in 2020, saying that he believes ADA could surpass its $3.09 ATH in 2021 and reach a new high of $6.

2025 Will Be the Year of Cardano (ADA)!
In addition, Cardano founder Charles Hoskinson claimed that Cardano has similarities with XRP and Bitcoin.

Speaking during a live broadcast, Hoskinson stated that Bitcoin, Cardano and XRP have a bright future, saying that the networks are strong and have overcome many obstacles and difficulties.

“XRP, Cardano and Bitcoin have a bright future.”
Stating that Bitcoin, Cardano and XRP have overcome obstacles and difficulties, Hoskinson emphasized that untested projects often collapse when faced with obstacles, and said that the best examples of this are Terra (LUNA) and FTX.

Charles Hoskinson also noted that Cardano could have more partnership opportunities than ever in 2025.

Hoskinson particularly highlighted the network’s recent partnership with Bitcoin smart contract and interoperability solution provider BitcoinOS.

Finally, Hoskinson emphasized that the network is determined to reveal itself in 2025 and added that Cardano will participate in leading crypto conferences such as Bitcoin 2025, Token 2049, Paris Blockchain Week and Consensus 2025.

“Cardano will move forward loud and proud in 2025.”

*This is not investment advice.

#MicroStrategyInNasdaq100 MicroStrategy Announces Weekly Bitcoin (BTC) Purchase, Price Drops!

Michael Saylor announced in his statement that the company purchased 5,262 BTC worth $561 billion.

MicroStrategy has made its weekly Bitcoin (BTC) purchase, purchasing 5,262 Bitcoins for $561 million in cash.

$BTC
MicroStrategy founder Michael Saylor announced in a statement that the company purchased 5,262 BTC worth $561 billion.

“MicroStrategy purchased 5,262 BTC for $561 million at a cost of approximately $106,662 and achieved a BTC return of 47.4% and 73.7% YTD.

As of 12/22/2024, we hold 444,262 BTC purchased at an average price of $62,257 for approximately 27.7 billion.

MicroStrategy has been announcing its new purchases every Monday in recent weeks. While the Bitcoin price reacted to these purchases, the BTC price fell after the purchase news and fell below $95,000.

#BinanceAlphaAlert $BTC
Market Sentiment Swings: Traders Shift Focus from Meme Coins to Bitcoin

Bitcoin’s social dominance rises as meme coin interest fades amid market volatility.

Liquidations spike during Bitcoin rallies, indicating over-leveraged market positions.
BTC’s RSI signals weak momentum, but MACD suggests potential stabilization.

Over the past two weeks, cryptocurrency market sentiment has changed sharply, with traders moving from bullish to bearish. This mood change has brought a significant correction in market caps, particularly among altcoins.

As interest in meme coins like Dogecoin wanes, Bitcoin is experiencing a resurgence in social dominance, suggesting a broader shift in focus back to the top cryptocurrency.

This period of heightened fear, uncertainty, and doubt (FUD) is a natural part of the market cycle. Savvy traders can use this “blood in the streets” environment to position themselves for potential future gains.

Bitcoin’s Social Dominance on the Rise: What it Means for the Market

Santiment data shows a clear trend in the social dominance of Bitcoin.

As Bitcoin’s price continues to capture trader attention, social conversations about the cryptocurrency have increased.

Bitcoin’s social dominance reflects …

The post Market Sentiment Swings: Traders Shift Focus from Meme Coins to Bitcoin appeared first on Coin Edition.

$BNB #MicroStrategyInNasdaq100 Is Litecoin (LTC) merge mining the new trend for tokens?

Litecoin (LTC) merge mining is turning into a tool for both security and exposure for new tokens. A small new family of assets is emerging, aiming to repeat the success of Dogecoin (DOGE).

Litecoin (LTC) merge mining is turning into both a security and a marketing tool for new tokens. A small batch of new assets are trying to ride on the fame of LTC and DOGE, while also gaining exposure from major mining pools. Binance Pool has announced the addition of three new assets to its merged mining program – LKY, PEP, and LKC.

Merge mining is the process of producing other coins and tokens in each block of a minable coin. The new production does not make mining more expensive, but creates a secure new asset at virtually no extra cost.

Every Litecoin block has produced DOGE for years, while ensuring cheap transactions on the Litecoin chain. In 2024, the network added BELLS, Luckycoin (LKY), Pepecoin (PEP), and Junkcoin (JKC).

Additional merged mining arrives at a time when the Litecoin hashrate marked new all-time highs. LTC mining was close to 1.8 PH/s, remaining a staple for some of the large pools. The Litecoin network retained its popularity, adding some stability to the LTC market price. After the latest market drawdown, LTC traded at $103.22, recovering some of its lost ground.

DOGE traded at $0.31 during the latest market drawdown. BELLS retained a level of $0.61. JKC traded around $0.22, while PEP retained the $0.0012 level. All the merged mining coins backtracked during the latest market correction. However, those assets also benefitted from the meme token frenzy.

Litecoin remains the fourth largest mined coin, which has retained its influence in the crypto space. Mining has expanded in 2024, as most corporate pools reinvested in the newest ASIC, increasing the capacity for competition and growing each network’s security. Litecoin mining followed the trend of Bitcoin with constant expansion to new all-time highs as new machines come online.
#BinanceLaunchpoolBIO