Ether's rollercoaster ride continues! 🎢 On Dec. 9, ETH took a 5% dip, testing the $3,800 waters after failing to break the $4,050 ceiling. Despite this, professional traders are keeping their cool, with futures premiums holding steady at a spicy 17%.
Meanwhile, Ether ETFs are raking in the dough, with a $1.17 billion inflow since Nov. 29. Ethereum's onchain activity is also up 24%, giving Solana a run for its money in DApp volumes.
Options markets show resilience, with no signs of panic. Seems like macroeconomic jitters, not crypto woes, are behind the dip. Keep calm and HODL on!
🚀 Hold onto your digital wallets, folks! Ether (ETH) took a little tumble, retesting $3,800 after failing to break the $4,050 barrier. But don't panic—professional traders aren't sweating it, and neither should you!
- Despite a 5% dip, Ether futures show a 17% premium, hinting at strong demand for ETH leverage.
- A whopping $1.17 billion flowed into Ether ETFs, and Ethereum's on-chain activity surged 24%!
- Ethereum's DApp volume is closing in on Solana, hitting $48.6 billion with layer-2 solutions.
Is this a blip or a buying opportunity? Share your thoughts below! 💬
Ether (ETH) dipped on Dec. 9, revisiting the $3,800 mark after failing to surpass the $4,050 resistance, a level unbroken since late 2021. This 5% drop has sparked trader concerns about the bull run's durability, even as Bitcoin (BTC) nears $100,000. Despite record inflows into Ether ETFs, the resistance remains unbreached. However, futures data shows professional traders aren't expecting further corrections. The annualized premium for Ether futures is steady at 17%, indicating strong demand for ETH leverage. Meanwhile, Ethereum's onchain activity and ETF inflows continue to fuel bullish sentiment in derivatives markets.
ERIC TRUMP CALLS FOR 'SENSIBLE' CRYPTO REGULATION IN THE U.S
Eric Trump's call for "sensible" crypto regulation in the US echoes the sentiments of many in the crypto community. With the recent election of pro-crypto lawmakers, there's growing optimism that the US will establish clearer guidelines for the industry.
Trump's stance on crypto regulation is significant, given HIS father's influence on the country's economic policies. The idea of a "strategic Bitcoin reserve" has also been floated, which could potentially see the US government investing in Bitcoin as a store of value.
However, not everyone is convinced that the crypto industry's push for regulation is genuine. Some critics argue that the industry's opposition to regulation is inconsistent with its claims of wanting clear guidelines.
As the US navigates the complex world of crypto regulation, it's essential to strike a balance between protecting consumers and allowing innovation to flourish. With the right approach, the US can establish itself as a leader in the crypto space.
$100 TURNS INTO $100,000 WITH THESE EMERGING ALTCOINS BY 2024'S CLOSE
Several emerging altcoins have shown potential for significant growth. Here are a few examples:
1. Fantom (FTM): With a focus on scalability and usability, Fantom has gained attention for its high-performance capabilities.
2. Aptos (APT): As a Layer 1 blockchain, Aptos aims to provide a secure, scalable, and user-friendly platform for decentralized applications.
3. Sui (SUI): With its focus on decentralized social media and gaming, Sui has gained interest for its potential to disrupt traditional social media platforms.
4. Arbitrum (ARB): As a Layer 2 scaling solution for Ethereum, Arbitrum aims to provide faster and cheaper transactions.
5. Optimism (OP): Another Layer 2 scaling solution, Optimism focuses on providing a secure and decentralized platform for Ethereum scalability.
While these altcoins show promise, investing in cryptocurrency is highly speculative and comes with significant risks. It's essential to:
- Conduct thorough research
- Set realistic expectations
- Diversify your portfolio
- Stay informed but avoid FOMO
Remember, past performance is not indicative of future results.
Always consider multiple perspectives and consult with financial experts before making investment decisions.
🚀 DeFi's Total Value Locked (TVL) is skyrocketing, nearing 2021 highs! Thanks to liquid restaking tokens (LRTs) and Bitcoin-native layer 2 networks, TVL has surged to $134 billion, a 150% increase this year. EigenLayer, the LRT giant, alone boasts $17 billion in TVL. Meanwhile, Lido's liquid staking tokens lead the pack with $40 billion staked. Even Bitcoin's LSTs are joining the party, with $2.5 billion in TVL. As crypto evolves, the only thing falling is our jaws!
🚀 DeFi's Total Value Locked (TVL) is soaring, nearing 2021's peak, thanks to liquid restaking tokens (LRTs) and Bitcoin-native layer 2 networks! 📈 With a 150% increase this year, TVL now stands at a whopping $134 billion.
- EigenLayer, a major player, launched in 2023, boasting $17 billion in TVL.
- Ether.Fi, Renzo, and Kelp are riding the LRT wave.
- Lido leads the pack with $40 billion staked.
Bitcoin L2s aren't slacking either, with $2.5 billion in TVL. Lombard and Solv are leading the charge.
What do you think about these trends? Share your thoughts below!
Bitcoin is buzzing, and miners are on a shopping spree! 🚀 Riot Platforms is raising $500M to buy more BTC, joining the likes of MARA and MicroStrategy in the crypto gold rush. With Bitcoin prices flirting near all-time highs, these companies are betting big on its future.
Riot already holds 10,400 BTC and sees now as the perfect time to double down. They're not alone; MARA raised $1B and holds 35,000 BTC, while MicroStrategy spent $2.1B on 21,550 BTC. Despite market jitters, these players are confident in Bitcoin's long-term value.
As Riot and friends shape the future, Bitcoin proves it's more than just a trend—it's a movement! 🌟
Riot Platforms, a prominent player in the crypto mining sector, is set to raise $500 million through convertible senior notes to institutional investors, with the primary aim of acquiring more Bitcoin. This strategic move underscores Riot's confidence in Bitcoin's long-term potential, despite its current price volatility. At the close of the last quarter, Riot held over 10,400 BTC, and this new initiative highlights their commitment to expanding their Bitcoin reserves.
Other major entities in the crypto space, such as MARA and MicroStrategy, are also significantly increasing their Bitcoin holdings. MARA recently raised $1 billion and now holds nearly 35,000 BTC, while MicroStrategy acquired 21,550 BTC in a short span, investing $2.1 billion. These actions reflect a broader trend among miners and companies who view Bitcoin as a robust store of value, anticipating its enduring relevance in the financial landscape.
Bitcoin's price, currently around $97,000, has experienced fluctuations, yet this has not deterred major players from investing. The recent acquisitions by Riot, MARA, and MicroStrategy have added buying pressure, maintaining Bitcoin's prominence in financial discussions. However, market sentiment remains mixed, as long-term holders and even some governments have begun selling portions of their Bitcoin holdings.
The strategic focus on Bitcoin by companies like Riot and MARA is driven by a belief in its potential as digital gold. Despite market uncertainties, their actions demonstrate a strong conviction in Bitcoin's ability to surpass traditional financial systems. As these companies continue to invest heavily in Bitcoin, they are shaping the future trajectory of the cryptocurrency market, reinforcing Bitcoin's status as more than just a passing trend.
The DeFi ecosystem is witnessing a surge in total value locked (TVL), nearing levels last seen in 2021. Data from DefiLlama highlights a rise to over $134 billion, a 150% increase this year, driven by liquid restaking tokens (LRTs) and Bitcoin-native layer 2 networks. Despite this growth, it still trails the 2021 peak of $170 billion.
Restaking, a method of using staked tokens to secure multiple protocols, is gaining traction. EigenLayer, a leading restaking protocol, has amassed over $17 billion in TVL. Meanwhile, Bitcoin liquid staking tokens are also on the rise, with Lombard leading at $1.15 billion in TVL.
Elon Musk's Tweet Causes Baby Dogecoin to Soar in Hours
Baby Dogecoin (BABYDOGE), a popular meme coin, experienced an impressive 63.95% surge in value. This dramatic price increase coincided with a tweet from Elon Musk, a prominent figure in the cryptocurrency world. The Tesla CEO shared an image on Twitter, where he was pictured carrying his child on his shoulders, accompanied by the words “Dodgfather” and “Dodgson,” styled in the famous font from the movie The Godfather, directed by Francis Ford Coppola.
The tweet quickly went viral, sparking a wave of interest and speculation surrounding Baby Dogecoin. The price of the token jumped from a low of $0.000000002530 at 4:08 AM, just 48 minutes before Musk’s tweet, to a high of $0.000000004148 just five hours later.
This price spike happened as Bitcoin also hit a historic milestone, surpassing $103,900. Musk’s tweets have a well-documented history of influencing cryptocurrency prices. Back in 2021, a series of tweets from Musk about Dogecoin led to the price of the meme coin surging by over 800% in a matter of weeks.
Baby Dogecoin: More Than Just a Meme
Originally created as a fun offshoot of the Dogecoin community, Baby Dogecoin (BABYDOGE) aimed to raise awareness for animal adoption and support dog-related causes. The strength of Baby Dogecoin lies in its active community, which has grown significantly, with over 2.6 million followers on X (formerly Twitter), 658,000 on Instagram, and around $2.5 billion in tokens held on Binance's platform. The community is highly engaged, contributing ideas for the project and participating in charitable initiatives.
According to the project’s website, Baby Dogecoin’s management has donated around $1.4 million to animal adoption organizations and other charities supporting animal welfare.
With Musk’s tweet reigniting interest in Baby Dogecoin, the meme coin continues to captivate both its community and the broader cryptocurrency market.
#BABYDOGEUSDT #mememcoinseason2024
$BNB
{spot}(BNBUSDT)
The future of Binance Coin (BNB) looks quite promising.
Here is some key points:
1. **Current Performance**: BNB has recently hit a new all-time high of **$775** . This surge is driven by strong bullish momentum and positive market sentiment.
2. **Short-Term Predictions**: Analysts predict that BNB could continue its upward trend, potentially reaching **$1,000** in the near future.
3. **Long-Term Predictions**: Looking further ahead, some projections suggest that BNB could reach **$1,500** or even **$1,630** by 2030
Factors contributing to BNB's growth include its utility within the Binance ecosystem, lower transaction fees, and various decentralized applications (dApps) built on the BNB Chain. However, it's important to keep in mind that the cryptocurrency market is highly volatile, and regulatory changes or broader market corrections could impact BNB's trajectory.
What are your thoughts on BNB's future? Are you considering investing in it?
$DOGE
{spot}(DOGEUSDT)
Predicting the future price of Dogecoin (DOGE) can be quite challenging due to its volatility and the influence of various factors, including market sentiment and endorsements from high-profile figures like Elon Musk However, here are some insights based on current trends and expert predictions :
1. **Short-Term Predictions**: Dogecoin has seen a significant surge recently, with a 130% increase in the past month some analysts believe that DOGE could reach **$0.45** in the near future.
2. **Long-Term Predictions**: Looking ahead to 2025, there are mixed opinions. Some experts predict that DOGE could reach **$1** if it continues to gain momentum and receives strong support from influential figures
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3. **Market Sentiment**: The overall sentiment towards Dogecoin remains positive, but it's important to stay cautious as the cryptocurrency market can be unpredictable.
It's always a good idea to do your own research and consider your risk tolerance before making any investment decisions. Do you have any specific goals or reasons for investing in Dogecoin?
What’s the Full-form of $MOVE ?
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The MOVE token is now listed on Binance, Coinbase, and Upbit, trading at $0.70-$0.75 with a $7.5B FDV. Its Layer 2 tech and multi-exchange debut drive bullish market sentiment, fueled by high TPS and zero-knowledge features. Trading began on Binance on December 9, 2024, at 12:00 UTC. Speculation remains active.
#BinanceHODLerMOVE #MOVEOpening #AltSeasonBoom? #PricePrediction #Movement
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📊 $RENDER Crypto Breaks Trendline: Is it Headed for $31 Target?
Render crypto on the weekly timeframe revealed bullish activity. As the RENDER/USDT pair breaking through a descending trendline that previously capped price advances since its peak in October 2023. This breakout indicated a strong reversal from bearish to bullish sentiment.
From October 2023 to April 2024, RNDR was trapped below a resistance level. Its price was trapped at approximately $6.50, which aligned with the descending trendline.
The breach occurred on volume, confirming the breakout’s legitimacy. After the break, price escalated sharply, moving past several minor resistance levels without retracement, indicating strong buying pressure.
The price stood near $10.90, having just surpassed the $10 resistance level, which was a previous high in July 2024.
The next major target according to the analysis was around $31. This target was optimistic, assuming that the current momentum continued without significant pullback.
If Render maintains the trajectory, breaking past intermediate resistances at $15 and $24 (both key psychological and technical levels) it could indeed reach the $31 mark.
However, traders should watch for any signs of volume decline or bearish divergence on the RSI. It could signal a temporary pullback or consolidation before further upward movements.
🔸 #RENDER Crypto Reduces Drawdown from its ATH
The breakout made RENDER’s substantial recovery reducing its current percentage drawdown from the all-time high (ATH), to just -21.10%.
The price of RENDER crypto saw dips with drawdowns plunging as low as -90%. This depicted severe market downturns for the crypto.
The price trajectory on the chart showed a consistent upward movement. The price line moving closer to the zero drawdown mark, highlighting a reduced gap from its ATH.
This improvement suggested a resurgence in investor confidence and market valuation of RENDER.
💬 RENDER Percentage Drawdown From ATH — Into The Cryptoverse (@ITC_Crypto) December 8, 2024
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