🚀 Here’s why the crypto Altseason could start tomorrow

While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday.

This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high. Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X.

An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” analysis, given its market size and relevance.

In summary, trading experts and crypto investors expect mid-to-low-caps to outperform the leaders, better distributing the capital among all cryptocurrencies.

🔸 The altcoins season (altseason) is starting

On TechDev’s insight, the Bitcoin and crypto analyst pointed out a pattern that dates back to March 2017. According to him, the last two altseasons started after three consecutive weekly closes above the last Bitcoin weekly high.

This pattern is in play right now, with the third consecutive week to close tomorrow, Sunday night, starting on Monday. Therefore, this week could be a key period for what some experts are labeling “utility altcoins,” with high growth potential.

Notably, TechDev crossed over the Bitcoin Dominance Index (BTC.D) with Bitcoin’s weekly chart, illustrating the start of the altseason.

In this context, some altcoins have already started surging, leading the way for other cryptocurrencies. Solana (SOL), Ripple (XRP), Cardano (ADA), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Sui Network (SUI) are some of them, outperforming other projects in the past few days as money starts rotating from Bitcoin and Ethereum to lower caps.

#Altcoin #Altseason #Altcoins

💥 Here is How Much XRP You Need to Make $1M if XRP Hits $150, $258, $305 and $403

Individuals looking to make $1 million from XRP via ambitious price points in the triple-digit range require a modest initial investment.

XRP has recently renewed optimism among community members and steadfast holders that their millionaire dreams are still on course. Last week, XRP recaptured a three-month high of $0.6366, even momentarily emerging as the best performer among prominent crypto assets.

Notably, XRP regained $0.6366 in under two weeks after revisiting a 16-month low of $0.385, marking a growth of over 65%. This impressive growth has convinced XRP bulls that they are not missing the 2024/2025 bull season.

With widespread projections suggesting XRP’s likelihood for more than double-digit values, this article explores the number of tokens an investor must hold to attain a millionaire should XRP attain audacious prices of $150, $258, $305, and $403.

🔸 XRP Needed to Make $1M if XRP Hits $150, $258, $305 and $403

To make $1 million via XRP in the hypothetical scenario where its market value attains $150, one must have 6,667 tokens in his portfolio. With XRP trading at $0.5899 at press time, following a brief retracement, acquiring the portfolio costs $3,932.66.

Put differently, an investor stands to see their investments explode by over 253-fold should XRP attain $150.

Meanwhile, investors targeting to make $1 million from XRP at a price point of $258 require a significantly lower initial investment. Specifically, one needs to hold only 3,875 XRP, which costs $2,286 today, to generate a million at the $258 price.

Similarly, a crypto investor must purchase 3,279 XRP valued at $1,934 today to make $1 million when XRP attains $305. The $403 XRP price point demands the least initial capital commitment.

To make a million dollars at $403, one must purchase and hold only 2,481 XRP, which costs $1,463 today. Meanwhile, this investment would expand by 68,216% should the ambitious $403 price materialize.

$XRP #XRP #Ripple

📊 Grayscale $XRP Trust Set to End 2024 With Over 300% Gains

The Grayscale XRP Trust is set to end this year 2024 with a whopping 300% gain due to XRP’s impressive gains in November and December.

As 2024 draws to a close and the Christmas festivities enter full swing, crypto investors have many reasons to be cheerful. This is particularly true for institutional investors in XRP.

🔸 Grayscale XRP Trust Investors See Massive Gains

Early investors in Grayscale’s XRP Trust will likely be smiling to the bank this holiday. The product, which re-launched in September 2024, looks set to end the year with a share price gain of over 300% since inception, surging from $10.85 to $45.46 at the time of writing.

Interestingly, most of XRP’s gains that reflected in the XRP trust share price have come within the past month primarily due to Donald Trump’s election victory, which has sparked a wave of pro-crypto sentiment amid promises made to the industry on the campaign trail.

🔸 Chart showing Grayscale XRP Trust share price performance since inception Source Grayscale

At the same time, many believe that the regulatory cloud that has long shrouded the asset may be dissipating. For context, XRP has been at the center of an SEC lawsuit from 2020 alleging that Ripple, one of the project’s primary developers, broke securities laws through its sale of the asset.

Following a partial court victory in July 2023 and the imminent change of the SEC guard, many are optimistic that the asset will continue to gain more clarity, so much so that it could soon get spot exchange-traded funds (ETFs) to broaden access for institutions, potentially leading to billions in capital inflow.

🔸 Spot #XRP ETFs Coming Soon?

Recently, controversial crypto influencer Ben “Bitboy” Armstrong suggested that the gains recorded by Grayscale’s XRP Trust could play a role in pushing XRP ETFs over the finish line soon. The view comes as the gains may bolster investor confidence in the asset, adding to the many factors driving the ETF push.

#Ripple

Key $BTC Holders

31% of #BTC is in the hands of ETFs, governments, and #MicroStrategy , up 14% from last year.

This dynamic will continue, especially in the government, if we see a BTC reserve

🟡 If Big Companies Buy Altcoins Like XRP and HBAR, Will Their Price Increase? Analyst thinks Otherwise

Cryptocurrency analyst Jake Claver made statements about the cautious yet significant entry of institutional investors into the cryptocurrency market.

While retail investors often speculate that institutional participation in assets like XRP and HBAR will trigger major price swings, Claver argues that institutions are already deeply entrenched in the market and are operating with sophisticated strategies to maintain vigilance and stability.

Unlike individual investors who depend on public exchanges, institutional investors use Over-the-Counter (OTC) desks to execute large trades without triggering significant price movements. These brokers allow institutions to build significant crypto positions while keeping their activities out of the public eye.

Claver highlighted two key strategies that institutions use to optimize operations:

Time Weighted Average Price (TWAP):

This strategy averages out the price by spreading trades over a period of time, preventing sudden market spikes.

It is ideal for buying or selling millions in crypto without causing noticeable market disruptions.

Volume Weighted Average Price (VWAP):

An algorithm-based approach that times trades according to trading volume, targeting optimal market moments to secure better-than-average prices.

It helps institutions trade within certain price bands, buy on declines, and minimize slippage.

“For example, an institution investing $50 million does not make a single purchase,” Claver explains. “Instead, they spread the purchases out over days or weeks to avoid market volatility.”

One of the main reasons institutions prefer OTC desks is liquidity. Executing large trades on public exchanges can lead to large slippage, where the last purchase in a series costs significantly more than the first due to price increases.

🐸 1.14 Trillion $PEPE in 24 Hours, What's Happening?

PEPE, the frog-themed meme coin, is witnessing massive activity on the cryptocurrency market that could signal bullish sentiment. In the past 24 hours, over 1.14 trillion PEPE have been traded in a move that signals renewed interest in the asset.

🔸 PEPE’s price performance

According to data from CoinMarketCap, the market volume of PEPE has soared by a significant 19.74% to $2.13 billion. This spike in trading volume occurred as investors and traders alike move to take positions in anticipation of a possible market rally.

Notably, the increased interest has triggered a price surge for PEPE. As of this writing, PEPE is exchanging hands at $0.00001868. This represents a 2.15% increase as the meme coin fights to maintain price stability.

In earlier trading, the PEPE price soared to $0.00001941 before experiencing mild fluctuations due to market dynamics. However, the token has found $0.0000185 to be a crucial support level as it has traded above that mark so far despite fluctuations.

Market observers consider this significant progress for PEPE, given that within the last seven days, the coin plunged to a low of $0.00001455. In a show of resilience, PEPE has commenced a retracement journey that shows promise if it can sustain the momentum.

🔸 Can #Pepe witness price rally?

Analysts maintain that for PEPE to rediscover price levels close to the $0.00002760 mark it hit in the second week of December, the community must be robust. Notably, positive sentiment from the meme coin community could fuel the asset’s rebound.

For instance, Elon Musk, billionaire innovator renowned for his love of memes, created a buzz for Pepe recently. In a post on X, he shared a meme on how certain users on the social media platform treat information and news featuring PEPE.

Additionally, the activity of whales in the community could help determine price direction as PEPE begins to climb back to previous levels.

#pepecoin

📣 $TRX Analysis: Will Tron Break Out for a Massive 2025 Rally?

Will Tron (TRX) break past the short-term resistance trendline for an explosive end to 2024?

With a bullish recovery in the crypto market, Tron’s price action showcases a potential breakout rally ahead. It has seen a price jump of 22% over the past 30 days and the short-term correction hints at a massive reversal rally.

Will the potential momentum surge from the falling channel pattern breakout drive Tron to a new all-time high? Let’s find out.

🔸 #TRX Price Analysis

The TRX price trend in the 4-hour chart showcases a falling channel pattern. With two parallel trend lines dictating Tron prices, the ongoing recovery marks a positive cycle within the channel.

As TRX recovers, buyers are on the verge of challenging the resistance trend line to give a breakout rally. The recovery run has broken above the 200 EMA line and the $0.25 mark. Currently, Tron is trading at $0.2568, with an intraday gain of 1.94%.

Furthermore, the recovery run has limited the chances of a death cross between the 50 and 200 EMA lines. Meanwhile, the 4-hour RSI line has exceeded the halfway level, signaling improved bullish momentum.

🔸 Tron Stablecoin Supply Hits $62B

Adding to the ecosystem’s bullish narrative, TRON’s stablecoin supply, led by USDT, stabilized at $62 billion. This reflects a balanced market and ecosystem maturity.

While USDT maintained a consistent supply with minimal fluctuations, other stablecoins like USDC, USDD, TUSD, and USDJ showed steady growth, highlighting the network’s stability and diversity. This suggests a mature market with fewer disruptions and stronger investor confidence.

🔸 #Tron Price Targets

In case of a bullish breakout of the falling channel pattern, the TRX price trend will likely re-challenge its recently-formed 52-week high at $0.45. This reveals an upside potential of 75%. Meanwhile, for 2025 targets, the trend-based Fibonacci levels paint $0.54 as an optimistic target in January 2025.

⚡️ Shiba Inu Position in Danger As $SUI Hits $13.4B Market Cap in Push to Overtake Shib

Sui, a new market entrant, is doubling down on its attempt to surpass Shiba Inu in the crypto ranking, as its market cap recently hit a new milestone.

Notably, this comes as Shiba Inu has regained bullish momentum after a notable correction last week. The second-largest meme coin by market cap has surged almost 4% in the past 24 hours, mirroring a broader market rebound.

Despite the recovery phase, SHIB has dropped three places in the market cap ranking in the past month. Bullish traction on Avalanche, Chainlink, and Toncoin has ensured the high-caliber meme coin moved to 14th place.

Meanwhile, the doggy-themed meme coin could move lower as a strong rival draws increasingly closer. SUI may be the next asset to flip Shiba Inu in market cap rankings amidst sustained bullish momentum.

🔸 #Sui Nears All-Time High

The Sui network’s native token has continued consolidating around its all-time high of $4.96, achieved early in the month. The sustained momentum has seen it reclaim the $13 billion market cap, hitting $13.9 billion yesterday.

Moreover, SUI’s continued upward push has placed it in contention to flip Shiba Inu in market cap. At press time, the network’s valuation stands at $13.42 billion, less than $400 million from Shiba Inu’s $13.84 billion.

This means that SUI needs to surge less than 2% to $4.67 to surpass Shiba Inu’s market cap and rank 14th. However, this will materialize if the meme coin remains at the current valuation and does not rise alongside the market.

🔸 Will TVL Surge Push Sui Past Shiba Inu?

Meanwhile, bullish momentum continues to swell in the SUI ecosystem. The SUI token has surged a jaw-dropping 522% in the past year, with 32% of the uptick from its solid move from sub $3.5 to the current market price.

Furthermore, the total value locked (TVL) on the Sui network increased with the asset’s price. Data from DeFiLlama shows an over 10% TVL uptick to $1.788 billion in the ecosystem over the past 30 days.

#Shiba

🔥 Solana Eyes $200 Breakout: Is a Parabolic Run to $263 Imminent?

Is Solana ($SOL ) ready for a bull run to its all-time high with an emerging breakout event for 2025?

With Bitcoin rebounding significantly in the last 24 hours, the altcoin segment is gaining momentum. Amid improving conditions for altcoins, Solana’s market price has increased by 2.17% over the past 24 hours.

Despite negative returns over the past 7 and 13 days, Solana maintains a market cap of $94 billion. As it slips under BNB coin to occupy the sixth-largest cryptocurrency spot, Solana is approaching the psychological $200 mark, signaling the potential for a new breakout rally.

🔸 #SOL Price Analysis

In the 4-hour chart, Solana’s price trend showcases a bearish influence. However, the underlying support indicates several technical signals pointing to a potential reversal rally.

For instance, it shows a descending broadening wedge pattern, typically considered bullish, increasing the likelihood of a breakout.

The price trend within the pattern suggests a bullish reversal from the support trend line. Additionally, the reversal forms an Adam and Eve pattern with a neckline near the $198 level.

Slightly below the $200 psychological mark, a breakout above the neckline could trigger an explosive parabolic rally. Furthermore, the recovery has surpassed the 50-EMA line and the 23.6% Fibonacci level at $196.36.

During the recovery, the 4-hour RSI has remained above the 50% level, indicating increased buying pressure. Moreover, sustained support above the 50-EMA line on the 4-hour chart enhances the chances of an uptrend continuation.

As a result, the technical indicators are gradually signaling a buying opportunity for Solana in the short term.

🔸 #Solana Price Targets

The technical patterns and the recovery rally suggest that Solana could rise to test the overhead resistance near $215. Optimistically, a bullish breakout from the broadening wedge pattern could propel the uptrend to $263 by January 2025.

#SOL

💥 $AAVE and Lido surpass $70 billion in net deposits

Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal.

As of press time, the two largest DeFi protocols hold a total $67.42 billion.

Aave leads with $34.3 billion in deposits, just $1.1 billion higher than Lido’s. The net deposits directed at these two DeFi heavyweights represent 45.5% of the $148 billion allocated to the 20 largest decentralized applications.

However, regarding total value locked (TVL), Lido leads the DeFi ecosystem with $33.8 billion, with Aave coming in second with $20.6 billion. Net deposits represent the total deposited in a DeFi protocol, excluding fees and synthetic tokens, while TVL is the total allocated across all assets.

Moreover, Lido and Aave are among the top DeFi applications in revenue generation. Over the past 30 days, Aave’s revenue grew 27.5% to $12.5 million, making it the 10th largest protocol.

Meanwhile, Lido registered $9.6 million in monthly revenue, fueled by a 24% growth rate, securing the spot of the 12th largest DeFi application by revenue.

🔸 DeFi resurgence

The DeFi ecosystem has been registering a strong performance in 2024. The sector’s total TVL soared 107%, reaching $185 billion as of press time and peaking at $212 billion on Dec. 16. This is the first time the TVL has surpassed the $200 billion threshold.

Other metrics The trading volume of decentralized exchanges reached new records on daily, weekly, and monthly timeframes. According to DefiLlama data, these protocols had a volume of nearly $380 billion in November.

Furthermore, according to data from The Block, the ratio between decentralized and centralized exchanges reached 13.9% in October, the second-highest level in history.

The lending market also grew, with active loans peaking at nearly $21 billion this month, the highest monthly number. This trend suggests that more users are comfortable using on-chain financial resources.

#AAVE

⭐️ Elon Musk’s D.O.G.E could crash the US economy

Elon Musk, the billionaire CEO of Tesla, is co-leading the newly formed Department of Government Efficiency (D.O.G.E) with Vivek Ramaswamy under the incoming administration of ‘crypto president’ Donald Trump.

The goal is to slash $2 trillion from federal spending. That’s nearly the size of the US government’s projected 2024 deficit. But here’s the thing, this project might not just fail — it could crash the entire US economy.

🔸 The pipe dream

D.O.G.E isn’t even a real government department. It’s an advisory group. It can’t implement anything without Congress or Trump signing off. But Elon’s name carries weight. His involvement alone has turned this into more than a theoretical exercise.

The plans are aggressive: massive layoffs, dissolving agencies, and gutting regulations. While Trump and his allies are cheering it on, skeptics are sounding alarms about the possible fallout.

Elon and Vivek are eyeing a government workforce reduction of up to 75%. Three-quarters of federal employees could be shown the door if D.O.G.E’s vision is realized.

But how realistic is this? Not very, say experts. Here’s why: about 75% of the federal budget is mandatory spending. Programs like Social Security and Medicare are untouchable without causing massive political backlash.

That leaves only discretionary spending—about $1.7 trillion—for cuts. Half of that goes to defense, which Trump and his allies are unlikely to touch. What’s left are pennies compared to the grand $2 trillion ambition.

Even the proposed savings from cutting inefficiencies (somewhere between $150 billion and $200 billion) are a drop in the ocean compared to the deficit. The math doesn’t add up.

🔸 Government shutdown standoff

Elon’s already flexing his political muscle, and it’s actually making Trump a bit nervous. Just weeks ago, the eccentric billionaire torpedoed a bipartisan deal to avoid a government shutdown. His fiery social media posts rallied Republican lawmakers to block the agreement.

#DOGE

📊 Here’s a Potential Downside Price Target for Cardano If $ADA Sees New Correction, According to Benjamin Cowen

A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction.

In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip.

“There’s also a chance [#ADA ] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time…

There’s always a chance that it comes back down to [the $0.357 price level], because [Fed Chair Jerome] Powell just says ‘no QE, continue on playing in the sandbox and the cryptoverse and we’ll give you QE sometime later.’ There’s a chance that happens.”

Quantitative easing is when a government’s central bank purchases financial assets to increase the money supply and stimulate economic activity.

Cowen goes on to say that ADA’s technical indicators, such as its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA), are lining up with the theory that the crypto asset could see another sizeable dip.

“The other thing to look at is the bull market support band. The bull market support band for ADA to Bitcoin – you can see that first of all, it wicked below it [in mid 2023] but it had a weekly close right around the 20-week SMA. [Earlier this year] it was just above the 21-week EMA, so I would also keep an eye on that.

The 20-week SMA for ADA is around $0.56 [and] the 21-week EMA is around $0.67, so that would also correspond to [a price tag of around $0.53].”

ADA is trading for $0.89 at time of writing, a 3% increase during the last day. On December 2nd, it was valued at $1.21.

#Cardano

🔥 Top Altcoins to Watch: $XRP , $SOL , $HBAR , And More During ETF Buzz

XRP, SOL, and HBAR are among the top altcoins to watch now, with anticipation soaring toward a wave of crypto ETF approvals in the US under Donald Trump's presidency.

Donald Trump’s election win has fueled optimism around top altcoins issued by US-based firms. Besides, several experts have further fueled optimism with anticipation over a surge in crypto ETFs this year. So, here we explore some of the top altcoins to watch like XRP, SOL, HBAR, and others, amid the ETF buzz.

🔸 Top Altcoins To Watch Amid Crypto ETF Buzz

XRP, SOL, HBAR, and others, are among the top altcoins to watch now, with soaring ETF anticipation after Donald Trump’s election win. For context, these leading altcoins have gained immense traction with recent insights from Bloomberg analysts Eric Balchunas and James Seyffart. The analysts predicted that Litecoin and Hedera ETFs are likely to debut first, given their regulatory clarity compared to Solana and XRP.

The first wave of crypto ETFs is expected to include Bitcoin and Ethereum dual offerings, which have already gained traction among institutional investors. Firms like Bitwise, Franklin Templeton, and Hashdex have filed for these ETFs, signaling their confidence in regulatory approvals. These products could set the stage for top altcoins ETF, especially for assets like Litecoin, which is recognized as a commodity.

Hedera stands out due to its classification outside the “security” label by the SEC, making it a prime candidate for early ETF adoption. On the other hand, XRP and Solana face regulatory hurdles that may delay their ETF launches, though their market popularity keeps them in the spotlight. This evolving landscape could redefine crypto investments, introducing new opportunities for both retail and institutional players.

#Altcoin #Altcoins

🚀 $HBAR Rides the Bull: An 11% Surge Points to More Gains Ahead

HBAR, the native token powering the Hedera Hashgraph distributed ledger, has seen an 11% price surge in the past 24 hours. This price rally comes amidst a noticeable rise in demand for the token in the past few days.

Technical analysis suggests that HBAR may be poised for further gains. This analysis highlights price levels that token holders need to pay attention to.

🔸 #Hedera Token Holders Intensify Accumulation

Readings from HBAR’s daily chart show that despite its recent pullback, its price has remained above the Super Trend indicator, which continues to offer dynamic support at $0.23.

The Super Trend indicator tracks the direction and strength of an asset’s price trend. It is displayed as a line on the price chart, changing color to signify the trend: green for an uptrend and red for a downtrend.

If an asset’s price is above the Super Trend line, it signals bullish momentum in the market. In this scenario, this line offers dynamic support, and as long as the price remains above it, the bullish trend is likely to continue.

Furthermore, HBAR’s rising Chaikin Money Flow (CMF) hints at the likelihood of a sustained rally. At press time, this is at 0.05.

This indicator measures money flows into and out of an asset’s market. As with HBAR, when its value is positive during a price rally, it indicates strong buying pressure as more volume is flowing into the asset than out. This suggests that the price rally is supported by actual accumulation, increasing the likelihood of a sustained uptrend.

🔸 #HBAR Price Prediction: Bulls Eye $0.39 While Bears Target $0.24

According to its Fibonacci Retracement tool, HBAR’s price will revisit its three-year high of $0.39 and rally past it if accumulation persists. That price level must be flipped into a support floor for this to happen.

On the other hand, if selloffs resurge, HBAR’s price will shed some of its recent gains and trend toward $0.24.

💥 Here Are Key Shiba Inu Levels to Watch After Drop to $0.00001853

Amid the ongoing Shiba Inu market turbulence, crypto analytical account Rose Premium Signals identifies several key levels to watch.

After a strong showing in November 2024 and early December 2024, leading doggy-themed memecoin Shiba Inu (SHIB) has significantly slowed its roll amid a market-wide correction sparked by statements from the Federal Reserve.

As the market uncertainty prevails, one analyst has offered insight on key levels the community should watch.

🔸 Key Shiba Inu evels

At the time of writing, Shiba Inu is trading at $0.00002238, up 20% from lows of $0.00001853 on Friday. Still, the asset remains down 17% in the past seven days and about 50% from its local highs of $0.00003343.

In an X post on Monday, December 23, Rose Premium Signals highlighted that the meme coin’s price has been forming a possible ascending channel on its daily candle chart since late September 2024.

According to the analysis, key support is currently within the $0.00001939 and $0.00002139 price range, which aligns with the 0.618 and 0.786 Fibonacci retracement levels.

The Rose Premium signal suggested that a good bounce could see Shiba Inu surge to targets of $0.00002715, $0.00003083, and eventually $0.00003511, representing a 21%, 38%, and 57% surge, respectively, from current prices. Still, the analysis warns of resistance at the $0.00003083 and $0.00003511 targets.

🔸 Analysts Remain Optimistic

The recent Rose Premium signal is one in a sea of positive outlooks for SHIB, suggesting that analysts remain optimistic despite the recent market correction. For instance, “Dollars Maker” recently contended that SHIB was poised for a potential 235% surge to the $0.00005816 price point.

These optimistic price views align with exciting developments in the SHIB community. Most recently, the Shiba Inu ecosystem has inked a partnership with Chainlink, making the token accessible across 12 blockchains and introducing a new burn mechanism to further reduce the supply.

#Shiba #shib

⚡️ Bitcoin is Declining: But Is There a Need for FUD? Analytics Company Reveals the Real Truth

On a Monday when the decline in the cryptocurrency market continued, cryptocurrency analysis company Santiment published an analysis.

According to analysts, panic has set in within the individual crypto community as the week has started with the decline continuing. There has been a huge wave of FUD in Bitcoin and Ethereum, especially due to new traders joining the market in the last 2-3 months.

On the other hand, according to the analytics company, these new traders are panicking in the face of foreign market conditions because they have not seen medium-sized market corrections before. Santiment said that historically, individual investors have sold in such situations in panic and emotionally, and thus whale and smaller-scale shark investors have accumulated coins at lower resistance levels and created price jumps.

Analysts said they could not know when these jumps were about to happen or when they would happen in the future, but the necessary conditions for this event were beginning to emerge.

#BTC #Bitcoin

⭐️ Crypto Adoption Boom Worldwide Following Donald Trump’s Re-election

After Donald Trump’s victory in the 2024 US presidential election, the crypto market experienced a significant surge in adoption and investment, marking the most substantial growth seen in recent years.

Trump’s crypto-friendly policies, combined with his promises of a clearer regulatory framework, have fueled global interest and investment in the sector.

🔸 A New Wave of Global Crypto Investors

A recent survey by Binance involving over 27,000 participants across Asia, Australia, Europe, Africa, and Latin America revealed that 45% of respondents had entered the cryptocurrency market in 2024.

Interestingly, 44% of participants allocated less than 10% of their total assets to crypto. This highlights a growing awareness and confidence in crypto as a stable, long-term investment asset.

Growth Dynamics of New Users Aged 18-25 (October-November 2024). Source: Bitget

This growth is not just global; it is particularly evident among younger generations. According to Bitget, the number of Gen Z users on its platform skyrocketed by 683% after Trump’s re-election, making Gen Z account for 53.8% of new users. This surge is attributed to Trump’s pro-Bitcoin stance and an overall optimistic financial market outlook.

“Donald Trump’s pro-crypto stance during the US presidential election resonated with young users, highlighting the role of political narratives in shaping financial behavior.” – Bitget reported.

🔸 European Markets Witness Parallel Growth

The trend is equally strong in Europe. Financial News London reports a sharp rise in crypto-related ETP assets in 2024, marking a milestone for digital assets. Data from ETFGI reveals that European crypto ETPs attracted £108 million ( ~ $135 million) in new investments in November, making it the third-best month for the products this year.

#Trump #DonaldTrum

🐋 Ethena Whale Stakes 9 Million $ENA Tokens, Triggers DeFi Frenzy

The Ethena (ENA) market is steaming up with activity after a whale attracted attention by withdrawing millions of ENA tokens from an exchange. The market activity, spotted by Onchain Lens, has sent a positive sentiment in the crypto community.

According to the blockchain analytics platform, a whale has today withdrawn 9 million ENA tokens worth $9.77 million from Binance and staked them into Ethena. In total, the trader has staked 15.65 million ENA tokens, currently worth $16.94 million on Ethena.

A whale has withdrawn 9M #ENA worth $9.77M from #Binance and staked it into #Ethena.In total, the whale has staked 15.69M $ENA , currently worth $16.94M, on #Ethena.Wallet:z— Onchain Lens (@OnchainLens) December 23, 2024
The trader moves to Ethena staking

The trader’s move was not just a withdrawal activity, but a movement to supercharge his Ethane holdings into the DeFI sector. After withdrawing a staggering 9 million ENA tokens on Binance, the trader converted all of them into USDe, a special synthetic dollar coin representing staked Ethena that earns interest.

Ethena staked USDe has turned into a key to unlocking advanced opportunities. Users get yields worth 27% APY by staking their USDe. By depositing his USDe on the Ethena staking platform, the trader earns staking rewards based on his holdings.

Through this way, Ethane is more than just price movements, highlighting the rising significance of DeFi in the crypto space. Platforms like Ethena are optimizing investors’ experience with advanced investment tools, removing the boundaries between the decentralized landscape and traditional finance.

This together with the strategic moves by smart players like whales, #Ethena positions itself as a potential money-generating station in the advancing financial ecosystem. It is not just a mere speculative asset.

Ethena price performance amid market decline

The whale’s market activity encouraged investors and traders to let their ENA tokens do the work for them.

$DOGE can will be at $20 😎

If we look at history : in 2017, DOGE grew by 212%, rolled back by 40% and then pumped by 5,000%. In 2021, the same thing: growth by 476%, fall by 56% and pump by 12,000%.

Now the situation is repeating itself: we have already received growth of 440% and a rollback of 46%. The pump target is $20.

#DOGE #Dogecoin

🔥 Will Solana Price Kickstart Rally to $400 or Crash Lower?

Solana price faces a critical juncture as analysts predict a bullish breakout to $400 or risk deeper corrections amid market uncertainty.

Solana price a layer one crypto has witnessed a decrease recently, mirroring bearish trends across the crypto market. After November’s bullish rally broke critical resistance levels, the token entered a corrective phase. Crypto experts remain optimistic, predicting a potential rally toward $400. However, BTC price trading below $96k has heightened market concerns of extending the ongoing crash. The critical question arises: will Solana’s price drop further, or is a bullish breakout on the horizon? 

🔸 Is #Solana Price Primed for a $400 Surge or a Deeper Correction?

Solana price has struggled recently, failing to enter price discovery after its record high of $263 in November. Over the past 30 days, the cryptocurrency has displayed a clear downtrend, marked by lower highs and lower lows. While this 15% dip is significant, crypto analysts still believe that SOL still has a lot more potential for long term gains.

Currently hovering around the critical $175 support level, Solana’s technical indicators suggest a possible rebound in the near future. Some experts view this pullback as a buying opportunity, especially with weak sentiment dominating the broader cryptocurrency market. Investors are now questioning whether Solana’s stabilization at this level signals a chance to go long, despite the recent challenges and market-wide uncertainty.

Crypto analyst Captain Faibik has identified a promising breakout pattern in Solana price on its weekly chart. According to his analysis, SOL has emerged from a bullish pennant formation and is retesting critical support levels.

The analyst with this technical move proposes that investors buy the dip and hold SOL for $400. The recommendation also reaffirms strong belief that Solana will continue rising in the cryptocurrency market.

#SOL