We Asked ChatGPT Which Altcoins Will Boom in November 2024-Here Are the Undervalued Picks to Watchš°š
1.PEPE (PEPE)
PEPE is a deflationary memecoin launched on Ethereum as a tribute to the iconic Pepe the Frog internet meme created by Matt Furie. Gaining popularity in the early 2000s, Pepe the Frog became a symbol across various online communities. Now, PEPE aims to capitalize on the success of other meme coins like Shiba Inu and Dogecoin, striving to establish itself as a leading meme-based cryptocurrency
2.Cardano (ADA)
Cardano offers ADA, a coin that combines sustainability with high performance. Built on a flexible and scalable blockchain designed for smart contracts, it supports decentralized finance apps, tokens, and games.Ā
3.Dogwifhat (WIF)
A new meme coin called Dogwifhat (WIF) is making waves on the Solana blockchain. Inspired by the viral Dogwifhat meme, WIF is gaining popularity among crypto enthusiasts who love the fun and community spirit of meme coins. Dog-themed tokens have a special place in the crypto world, and WIF joins the pack with its lighthearted approach. Unlike traditional cryptocurrencies, WIF focuses on creating a sense of community and spreading joy, capturing the essence of internet culture.
4.XRP: (XRP)
XRP is a digital currency designed to make money move as fast as information. It's supported by the XRP Ledger, a system without a central authority. This means no one can reverse or block transactions, making them secure and final. XRP was created to be fast, low-cost, and open to anyone. You don't need a bank account to use it, and it works across borders without hassle. Three developers, Jed McCaleb, Arthur Britto, and David Schwartz, launched XRP with 100 billion coins. They gifted 80 billion to Ripple, a company using XRP to improve global payments.
Elon Musk Finally Says When Tesla Will Take Dogecoin.š²š
When asked when Dogecoin would be accepted as payment for Tesla, the wealthiest man in the world, Elon Musk, finally said up. Musk spoke on his long-standing support for the meme currency and his fondness for it.
"At Some Point," Tesla Will Accept Dogecoin Payments.Musk said, "at some point," when speaking to workers at the Gigafactory in Berlin, that Tesla would accept Dogecoin as payment. The fact that he could use DOGE to purchase Tesla merchandise was something he deemed "cool."
"Dogecoin to the moon." The wealthiest guy in the world also expressed his optimism about the meme coin.
Once the Tesla Supercharging Station in Hollywood opens for business, Musk has already planned to accept DOGE as payment. This is all part of his support for the joke currency.
The cryptocurrency has also found use in Musk's Space X, since DOGE has been used exclusively to enable transactions with Geometric Energy Corporation (GEC).
The latest comment from Musk, like all of his earlier ones on DOGE, has given the leading meme currency a much-needed boost. Following the remarks of the wealthiest man in the world, the cryptocurrency token, which had been experiencing a precipitous fall, recovered and has since achieved considerable gains.
It's ironic that Musk is reiterating his support for DOGE just as the token needs all the positive press it can get to keep its status as the most valuable meme. Dogecoin has competition from other popular meme currencies such as Shiba Inu (SHIB) and Dogwifhat (WIF).
Shytoshi Kusama, the head developer of the Shiba Inu, made the audacious assertion that SHIB would dominate this market cycle. Recently, plans to project WIF on the Las Vegas Sphere were completed, therefore the WIF community is also taking things into their own hands. As a result, the war of the memes could hinge on Musk's endorsement of Doegcoin. #HotTrends #doge #WIF
#MarketPullback Bitcoin's 10% correction is a buying opportunity, says Bitwise CIOš°š
The longer-term crypto cycle remains intact, according to Bitwise Asset Management CIO Matt Hougan.
AsĀ BitcoinĀ continued its 10% slide from all-time highs down to $96,000 this week, Bitwise Chief Investment Officer Matt Hougan joined the chorus of veteran crypto analysts unfettered by the volatility.
In aĀ candid interview with Coinage, Hougan contextualized the pullback within the broader bull market, emphasizing that the underlying drivers for crypto remain intact.
āThis is a sharp pullback... but if you step back, $96,000 is still a pretty good place to be,ā Hougan noted. He contrasted todayās market environment with previous cycles, highlighting how institutional interest from Wall Street and firms like BlackRock has fortified Bitcoin's standing. āA few years ago, if we had a big market pullback like this, you'd start to see the news stories about, 'Is this the end? Is crypto going to zero? Is it all over?' I think those have been well and fully put to bed."
Ethereum, which saw its price slip by over 12% this week, remains a key focus. Hougan described the decline as "more of a buying opportunity" than a cause for concern. āUnderneath the surface, weāve still turned the page on ETF flows into ETH... weāre still seeing ETH take market share on the stablecoin side.ā He reiterated Bitwiseās year-end price target of $7,000 for Ethereum in 2025, supported by growing#BURNGMT adoption across DeFi, tokenization, and AI-powered applications. $BTC
Historically, the fourth quarter is the bitcoin's best; this year it's underperforming.
What to know:
1.Historically, the fourth quarter has been the most bullish for bitcoin, with prices up by an average of 85% since 2013.
2.The last week of the year tends to see at least a 3% gain on average, but the past five out of six years have seen a decline.
3.The current short-term holder's realized price (STH RP) is $84,000, suggesting the bull market is still intact as long as bitcoin stays above this key level.
As 2024 draws to a close, bitcoin (BTC) is underperforming, counter to its historical performance in a year-end "Santa rally."
The largest cryptocurrency generally adds about 2.8% in the 51st week, this week it's on course to slide 11%. And, while it's tended to gain 3% in week 52, in five of the past six years the BTC price has dropped. So there's not much hope this time around either.
The exact timing for what's considered a Santa rally varies, but it's clearly as December nears January and perhaps a few days either side.The trend extends to the whole quarter too. The fourth quarter tends to be one of bitcoin's strongest, but this year it's underperforming. Since 2013, the BTC price has risen an average of 85% in the last three months of the year.
This current drawdown is reminiscent of the start of 2021, admittedly a bit later than Santa would be popping down the chimney.
On Jan. 8, 2021, bitcoin was around $40,000. By Jan. 27, the price had dropped to $30,000, a 25% slide and somewhat larger than this current 15% drawdown.
However, that drawdown was in the middle of a bull run that started from around $10,000 in December 2020 and ended in November 2021 at $70,000. The similarities are that the realized price, the average on-chain cost for all tokens in circulation, continues to drive higher, meaning investors, on average, are buying coins at higher prices. $BTC $ETH $BNB #bitcoin #BinanceSeason #WeAreAllSatoshi #Write2Earn!
Bitcoinās Next Big Move: Fed Rate Cuts and ETF Growth Drive Market
December 19, 2024Ā byĀ Arslan Tabish
Bitcoin faces consolidation after recent rise, with over $333M in long trader liquidations signaling a tight range ahead.
Volatility in BTC expected to increase with central banks set to announce major interest rate decisions.
Institutional interest surges as BlackRockās Bitcoin ETF nearly doubles its Gold ETFās AUM in under a year, boosting Bitcoinās appeal.
The value of Bitcoin has been rising again in the recent past, though, the pace is gradually decelerating. WhileĀ altcoinsĀ seem to be on the verge of breaking out, Bitcoin seems to be ranging. The past day was particularly unkind to long traders, who faced massive liquidations exceeding $333 million. This means that BTC may be trading in a tight range in the near future until the market sees the next big move upward.
Bitcoin Faces Increased Volatility
In the next few days, Bitcoin will remain quite volatile. Interest rate decisions from the central banks of three of the worldās largest economies will be announced. Today, the Federal Reserve is likely to come up with the final FOMC data for the year 2024. The market is expecting a 25 basis points reduction to 4.50% due to the continued moderation of inflation.
Ali Martinez posted and shared his thoughts on X about BTC prices. He said that the price movements of Bitcoin in 2017 and 2020 might be a good reference for the future. BTC could undergo some retracement once it reaches certain price levels. He believes there will be a minor consolidation at $110,000, a stronger one at $125,000 and a major correction at $150,000. According to Ali, if the bull market were to end, it might do so at $220,000 in 2025. #BTCNEXTMOVE $BTC $ETH
One of the biggest drivers of volatility in the cryptocurrency market is global macroeconomic uncertainty. Recent news, such as rising interest rates, inflation concerns, or monetary tightening by central banks like the U.S. Federal Reserve, may have spooked investors. Riskier assets, like cryptocurrencies, are usually the first to be liquidated in such situations.
2. Panic Selling and Liquidations
Large price drops are often exacerbated by panic selling, where retail investors dump their holdings fearing further losses. This snowball effect triggers liquidations on leveraged positions, especially on exchanges that offer futures trading. For example:
WRX (WazirX Token) dropped by -50.65%.
BLZ followed closely with a decline of -47.80%.
These drastic drops may indicate cascading stop-loss orders and liquidations due to market panic.
3. Regulatory Uncertainty
Governments and regulators around the world are tightening rules surrounding cryptocurrencies. Negative developments, such as bans on crypto trading in certain regions, stricter tax regulations, or lawsuits against major crypto platforms, can trigger sell-offs.
4. Decline in Trading Volume
A low trading volume combined with significant sell orders from whales (large holders) can# heavily impact market prices. When liquidity is thin, even small sell-offs cause disproportionate price declines.
5. Technical Corrections
The crypto market has seen strong bullish momentum over the past months, leading to overbought conditions. Todayās sell-off could be a technical correction, where investors take profits and reset prices to healthier levels.
6. Exchange or Project-Specific Issues
Occasionally, price declines occur due to problems with specific exchanges or projects. For instance:
WRX and AKRO, which saw declines above 40%, could be reacting to negative news specific to these projects, such as funding issues, hacks, or delistings. #MarketCorrectionBuyOrHODL?
Earn 6$ Daily on Binance Without InvestmentšØ Just Follow Stepš ā Step-by-Step Guideš°š
Earn 6$ Daily on Binance Without Spending a Penny ā Step-by-Step Guide šµ
If you're new to Binance, here's exciting news: You can now earn up to $6 every day without spending any money. This is a perfect opportunity to start your crypto journey and generate consistent income risk-free. Binance, as the worldās leading cryptocurrency exchange, offers several features to help beginners succeed effortlessly.
Ways to Earn on Binance
1.Content Creation Share valuable insights and knowledge about cryptocurrencies. By engaging the community with high-quality content, you can earn rewards.
2.Creator Academy Learn about cryptocurrencies through Binanceās educational programs. Completing tasks in the Creator Academy often comes with crypto incentives.
3.Data Center Contribute to data-related projects within the Binance ecosystem and earn small rewards for your efforts.
4.Tips Binance allows users to tip others for valuable content or services. This mutual system of recognition creates earning opportunities for everyone.
5.Write to Earn Writing insightful articles, blogs, or reviews about Binance and cryptocurrency can help you secure additional earnings.
6.Check-in Bonuses Simply logging into the Binance app daily and checking in can earn you rewards over time.
7.Giveaways Participate in Binanceās regular giveaways to win exciting rewards. Stay updated on announcements to maximize your chances.
8.Bookmark and Like Engage with the community by bookmarking and liking content. These small actions sometimes lead to earning tokens.
Why Choose Binance for Earning? Binance provides a secure platform and actively rewards user participation through innovative earning opportunities. Whether you're seeking passive income or exploring crypto, Binance is the ideal platform for growth without financial risk. $BTC
Kaia Platform Revolutionizes Web3 Integration Across LINE.š°š
The rise of Web3 has ushered in a new era where blockchain technology seamlessly integrates into daily digital interactions. Kaia, an innovative blockchain platform powered by Klaytn and Finschia, marks a significant step in this evolution. Backed by the combined user base of over 250 million across LINE and Kakaotalk, Kaia transforms the vision of Web3 integration into a practical reality.
Revolutionizing the LINE Ecosystem
Kaia introduces transformative solutions to enhance the LINE user experience through decentralized applications (Mini Dapps). These tools allow users to engage with Web3 features in familiar environments while unlocking new possibilities for earning, trading, and accessing digital assets.
Tokenized Shopping:Ā LINE users can earn tokens directly within the app and redeem them for real-world goods and services, bridging digital and physical economies.
NFT Avatars & Stickers:Ā Users can create, trade, and customize unique digital collectibles such as avatars and stickers within the LINE ecosystem, adding personalization to their digital interactions.
Tokenized Event Ticketing:Ā Kaia enhances transparency and security by offering on-chain ticketing for events, ensuring authenticity and seamless traceability for concerts, sports events, and exclusive gatherings.
Empowering Developers and Creators
Kaia provides a robust environment for developers and creators to participate in the Web3 economy through a range of tools and opportunities. An NFT launchpad allows creators to develop and release digital assets easily within the LINE platform, fostering a creative and innovative digital economy.
Seamless Integration of Web3 Features
Kaiaās integration redefines LINE as more than just a messaging app by transforming it into a decentralized ecosystem. Users can effortlessly earn, own, and trade digital assets through activities they already engage in daily. $KAIA
#MarketNewHype Bitcoin rises to new record above $106,000 as investors await this week's Fed decisionšøš
BitcoinĀ rallied to a new all-time high Sunday evening as investors awaited an expected interest rate cut by the Federal Reserve later this week.
The price of the flagship cryptocurrency was last higher by more than 4% at $105,207.00. Earlier, it hit a new record of $106,509.Ā EtherĀ also rose 4%, climbing to just below the key $4,000 level. The broader crypto market gained 4%. $BTC
Top 5 AI Crypto coins for 50x-100x growth.š°š
1.Near Protocol (NEAR)
Near Protocol focuses on incentivising a network of computers to operate a platform for developers to create and launch decentralised applications. It uses the process of sharding to split the networkās infrastructure into segments for nodes to only have to handle a fraction of the networkās transactions. Sharding is expected to be more efficient and requires less computing power.Ā
2.Internet Computer (ICP)
Internet Computer (ICP)protocol gives us the power of limitless smart contracts to host data, computing, user experience and content, on-chain. It allows us to build tamperproof Web 3 social media, enterprise infrastructure, gaming and virtual reality. Internet Computer (ICP) gives full-stack decentralisation and multi-chain options.
3.RenderĀ
Render is an Ethereum blockchain-based distributed GPU network that functions as an essential platform for animation, VFX rendering, and motion graphics. Its native token, Render (RNDR), serves as a utility token specifically designed for utilization within the Render network.
4.Graph GRT
The Graph is a decentralized, open-source protocol that utilizes distributed ledger technology to gather data independently, eliminating the need for intermediaries. This protocol functions as a worldwide APU (Application Programming Interface) designed to index and organize data efficiently. It leverages the GraphQL language to enable easy accessibility and processing.
5.Bittensor
Bittensor is an innovative open-source protocol that powers a decentralized machine-learning network built on blockchain technology. It facilitates a collaborative training environment where machine learning models work together, earning rewards in the form of TAO tokens based on the valuable information they contribute to the collective intelligence. $ICP
#BURNGMT Join the #BURNGMT Campaign and Win Up to $10,000 in $GMT !š°š
GMT is preparing for a MASSIVE surge, and whispers in the market are already sending shockwaves. Imagine turning a $50 investment into a staggering $150,000 in just a few weeks. With whales eyeing this project and the momentum accelerating, GMTās price is on the brink of explosion. Donāt let this once-in-a-lifetime opportunity slip through your fingers. The @GMT DAO Burn Initiative is making waves, and this could be the ticket to a life-changing profit!
š„ Key Highlights of the GMT Burn Initiative š„
1ļøā£ Lock & Vote: Token holders can lock their GMT and vote on key proposals that will determine the future of the ecosystem. This includes a monumental decision to burn up to 600 million GMT tokens worth an incredible $100 million! Participants donāt just vote, though ā they also receive a unique soulbound NFT, the āMake GMT Great Again Red Hat,ā which tracks their voting activity and eligibility for rewards.
2ļøā£ Rewards Galore: Over the next 60 days, 100 million GMT rewards will be distributed to active participants. The more engaged you are, the more rewards you can earn. This is not just about holding GMT; itās about participating and driving the future of the ecosystem while earning BIG in the process.
3ļøā£ On-Chain Transparency: One of the most exciting aspects of this initiative is its transparency. Every vote is recorded on the blockchain, ensuring that results are verifiable, transparent, and secure. In a space often filled with uncertainty, this is a breath of fresh air for investors.
4ļøā£ Continuous Engagement: The GMT DAO has built a system that ensures the community remains involved long-term. With quarterly voting cycles, the initiative keeps the momentum going, helping GMT evolve and grow in value. This isnāt just a one-off burn ā itās a long-term strategy designed to keep the tokenās value climbing.
$BTC Bitcoin Price is back at $100,000 with a bangš°š In a remarkable comeback, Bitcoin, the worldās largest cryptocurrency, has soared past the $100,000 mark, trading at $101,074 as of now. The crypto leader recorded a robust 5.4% gain in the last 24 hours, marking a significant moment for the crypto market and reaffirming its status as a premier store of value.
Bitcoinās price ranged from a low ofĀ $94,386.72Ā to a high ofĀ $101,764Ā during the day, with a strong upward trajectory leading to the milestone. The crypto assetās bullish momentum highlights increasing institutional and retail interest.
Bitcoin Market Overview
The surge comes with impressive metrics to back it up:
Market Cap: Nearly $2 trillion, currently atĀ $1.998 trillion
Fully Diluted Valuation: A staggeringĀ $2.12 trillion
24-Hour Trading Volume: $129.39 billion, signaling high investor activity
Circulating Supply: 19,794,440 BTC out of a maximum supply of 21 million
Whatās Next for Bitcoin?
Crossing the $100K mark is more than a psychological victoryāit underscores Bitcoinās resilience amid global economic uncertainty. Analysts are now speculating whether the cryptocurrency can sustain its rally or if a correction is imminent.
As Bitcoin approaches a $2 trillion market cap, investors and enthusiasts are eagerly watching for further price developments
#MajorAirdropWatch Keep an eye on projects likeĀ StarkNet, LayerZero, and zkSync, as they are rumored to be planning substantial airdrops. To maximize your chances, interact with their platforms, bridge assets, or participate in testnets. Always ensure you're dealing with official sources to avoid scams.
Top 5 Altcoins Primed for Big Moves This December(50x-100x gain)šøš
1.Cardano (ADA): A Sustainable Blockchain for Smart Contracts and DeFi
CardanoĀ is a blockchain platform designed for smart contracts, enabling the development of decentralized finance applications, tokens, and games. Its native cryptocurrency, ADA, allows users to store value, make payments, and stake on the network, similar to Ethereumās ETH.
2.XRP: A Cryptocurrency Aiming for Fast and Low-Cost Transactions
XRPĀ is a digital currency supported by the XRP Ledger. It was designed to be fast, low-cost, open, and borderless. It operates on a decentralized system without a central authority. Transactions are irreversible and secure, and users do not need a bank account to settle them.
3.Solanaās Scalable Blockchain: Discovering SOLās Role in Dapps Development
SolanaĀ is a blockchain platform that focuses on scalability. It provides a base for decentralized applications, known as dapps. Competing with platforms like Ethereum and Cardano, Solana aims for faster transactions through its unique architecture. It supports development in multiple programming languages, making it flexible for developers.
4.TRON (TRX): Empowering Content Creators with Decentralized Technology
TRON (TRX)Ā is a decentralized blockchain platform that aims to change how content creators earn rewards. It allows creators to have full ownership of their digital content. Users can directly support creators without intermediaries like YouTube or Facebook.
5.Polygon(POL): Driving Innovation in Blockchain and DeFiĀ
Finally, Polygon (POL) rounds out the top five. Originally called MATIC,Ā PolygonĀ became well-known for its relationships with big companies such as Disney, Meta, and Mercedes-Benz. The new POL token and developments like ZK-EVM technology confirm its place in the blockchain space.
Top 5 Meme coins to buy in this bullrun for 50x-100x growthš° š 1.Pepe coin(PEPE)
Based on the iconic Pepe the Frog meme, this Ethereum-based token is deflationary, incorporating mechanisms like token burning to increase scarcity.
Community and Market Presence: PEPE has no transaction tax, making it attractive for trading. Itās widely available on platforms like Uniswap, Binance, and KuCoin.
2.Dogecoin (DOGE)
After Bitcoin ascended as the first-ever cryptocurrency years ago, Dogecoin was created to become its "lighthearted" alternative in 2013. Today, Dogecoin remains rooted in its meme culture origins but is open to expanding its utilities beyond being used for microtransactions.
3.Bonk (BONK)
Bonk coin is one of the most popular and frequent top gainers among the many meme coins that run on the Solana network.Ā BonkĀ was sent to select Solana wallet addresses via airdrop on December 25, 2022.It has recently commanded a market valuation of $3.3 billion.
4.Dogwifhat (WIF)
Dogwifhat is like a sibling to Bonk coin as both meme cryptocurrencies operate on the same network, Solana. Similar to other meme tokens, dogwifhat was based on pop culture. WIF's token icon is a Shiba Inu dog donning a pink knitted hat, which has magnetized meme crypto aficionados and dog lovers.
5.Shiba Inu (SHIB)
Shiba Inu would undeniably be included on the roster of the most popular meme coins if Dogecoin is. After Dogecoin, the latter is the second-largest meme coin in terms of market valuation.SHIBĀ has an astounding market valuation of $7.08 billion.
Top 5 Penny Crypto Coins for 50x-100x growthšøš 1.Shiba Inu (SHIB) ā The Dogecoin Killer
Shiba Inu (SHIB) has come a long way from its humble 2020 beginnings, continuing to hold significant investment appeal in 2024. Dubbed the āDogecoin Killer,ā SHIB launched with its meme being that itās a playful competitor to its canine DOGE predecessor, later growing into a robust ecosystem with promising developments, resilience, and innovation.
2.Pepe (PEPE)
Launched in April 2023 and running on Ethereum, Pepe has quickly become one of the biggest cryptos under 1 cent in the market. Itās based on the long-running Pepe the Frog meme, which has been a fixture of internet culture since the mid-2000s, and which has seemingly helped propel PEPE to new heights this year.
3.XRP (XRP) ā An Altcoin With Real Utility
XRP is the native currency of Ripple, a blockchain platform tailored for streamlining international payments. Unlike most speculative cryptocurrencies, XRPās real-world application in facilitating fast, low-cost cross-border transactions has earned it the attention of banks and financial institutions globally. Through this, intrigue has grown around the project, as itās essentially seen as the go-to asset forĀ global payments efficiency.
4.Dogecoin (DOGE) ā meme coin OG With Plenty of Fuel in the Tank
DOGE has evolved into a widely recognized cryptocurrency, powered by community enthusiasm and celebrity endorsementsāmost notably from Elon Musk, the āDogefatherā himself. His support played a pivotal role in past price surges, especially during the 2021 bull run, when DOGEās value skyrocketed and rewarded early adopters handsomely.
5.Bonk (BONK)
Bonk listed for the first time in December 2022 and runs on the Solana blockchain, with the meme token reaching a peak December 2023 before attaining its current all-time high in 2024, during a bullish phase for the entire cryptocurrency market.
Top Performing Crypto Coins Massive 100x-300x gains in 2024š° š 1.SuiĀ (SUI)
Market cap:Ā $8.99 billion
Performance YTD-306.4%
Sui was created by former Meta engineers to enable fast transactions while charging stable fees. Itās also built to handle a large number of transactions at once, which makes it scalable.
2.Dogecoin (DOGE)
Market cap:Ā $47.74 billion
Performance YTD-256.7%
DogecoinĀ takes its name from a Shiba Inu meme and was created by software engineers Jackson Palmer and Billy Markus in 2013 to basically poke fun at the quick rise in Bitcoin prices.
3.Shiba Inu (SHIB)
Market cap:Ā $16.11 billion
Performance YTD-164.3%
Shiba InuĀ is anĀ Ethereum-basedĀ cryptocurrency and popular memecoin,Ā created in 2020Ā by a founder called Ryoshi. Shiba Inu sits in the top 15 cryptocurrencies ranked by market cap.
4.Toncoin (TON)
Market cap:Ā $13.68 billion
Performance YTD-133%
ToncoinĀ was developed by Telegram, a company that offers an encrypted messaging platform, in 2018. Telegram eventually abandoned the project and it was taken over by the TON Foundation.
5.Solana (SOL)
Market cap:Ā $102.94 billion
Performance YTD-115%
SolanaĀ is a newer cryptocurrency that was created in 2019 by Anatoly Yakovenko. The platform is known for its ability to power smart contracts, decentralized finance apps, NFTs and more.
6.Bitcoin (BTC)
Market cap:Ā $1.7 trillion
Performance YTD-104.6%
As the granddaddy of them all,Ā BitcoinĀ is often the token people reference when they talk about crypto. Bitcoin has a mysterious creator ā allegedly Satoshi Nakamoto ā who introduced the currency in 2009.Ā
7.BNB (BNB)
Market cap:Ā $91.72 billion
Performance YTD-103.8%
BNB is the cryptocurrency issued byĀ Binance, which is one of the largest crypto exchanges. BNB was originally created as a token to pay for discounted trades, but Binance Coin can now be used for payments.
ā¢Ripple price reclaims the $0.80 mark for the first time since 14th July 2023.
ā¢Gary Genslerās resignation sparks price to soar over 30% within hours.
ā¢Bullish action could push the XRP price toward $1 soon.
The XRP price has outperformed the top cryptocurrencies with a meteoric rise in its valuation. Notably, it has surged ~28% in the last 48 hours, highlighting increased buying sentiment for the altcoin in the crypto market.
ā¢Ripple token experiencing a strong bullish price action over the last few days, will Gary Genslerās resignation push the XRP price to $1? Find out the short-term possibilities of this highly volatile crypto token by the end of this article.
XRP price Records Multi-month High!
With a jump of ~21% in the past 24 hours and a trading volume of $12.623 billion, the Ripple token has maintained its bullish sentiment. Furthermore, this altcoin has soared 58.36% in the last seven days and has a market capitalization of $49.614 billion.
The Relative Strength Index (RSI) continues displaying an upward trend above its overbought range in the 1D time frame. This suggests that the altcoin may continue gaining value during the upcoming time.
Further, the EMA 50/200-day has recorded a Golden Cross in the Ripple price chart. This highlights a strong bullish sentiment for the 07th largest cryptocurrency in the market.
Will XRP Price Hit $1 This Week?
Maintaining the bullish sentiment could result in the Ripple price testing its $0.90 mark within hours. Further, if the bullish sentiment intensifies, this could push the XRP token toward its target price of $1 during the upcoming weekend.
Conversely, if a bearish trend reversal occurs, this could pull the price of this altcoin toward its support level of $0.80. Moreover, if the bulls struggle at that point, the XRP coin price could continue bleeding and retest its lower support level of $0.7450.
Top 5 Coins set for Insane 50x-100x Gains in 2024š°š 1.PEPE Coin: The Deflationary Memecoin Inspired by Pepe the Frog
PEPEĀ is a deflationary memecoin launched on the Ethereum network, paying tribute to the popular Pepe the Frog meme from the early 2000s. Designed to follow in the footsteps of memecoins like Shiba Inu and Dogecoin, PEPE sets itself apart by eliminating transaction taxes and embracing its identity as a pure memecoin without utility.
2.XRP (XRP): The Evolution of Global Remittances
There is no argument that Ripple is one of the biggest players in the crypto despicable world. After all, XRPās core business revolves around cross-border payments for banks and financial institutions.Having almost resolved its litigation issues with the SEC, Rippleās institutional use of XRP is likely to drive the price significantly upward.
3.Polygon (MATIC)
As the Ethereum Cancun-Deneb (Dencun) Upgrade takes center stage, one altcoin poised for potential impact isĀ PolygonĀ (MATIC), on the brink of a rebrand as POL.This move not only signals a commitment to innovation but also sets the stage for Polygon to play a significant role in the evolving Ethereum ecosystem.
4.Shiba Inu (SHIB): A Large Community Meme-Based Cryptocurrency
With the introduction of assets like ShibaSwap and Shibarium, a second-layer scaling solution, SHIB has evolved into a crypto every investor wants.The unique image of the token and true DeFi expansion provides more opportunities and even more depth to the project, transforming it from just another meme coin into a more meaningful aspiration.
5.Dogecoin: From Meme to Major Cryptocurrency
Dogecoin (DOGE)Ā was launched in 2013 as a humorous alternative to traditional cryptocurrencies, featuring the Shiba Inu meme as its logo.Created by Billy Marcus and Jackson Palmer as a joke, it gained popularity, highlighting the power of community and social media in financial markets.
Top 5 Penny Crypto Coins for 50x-100x growth.š°š
1.Pepe Coin
PEPE, a deflationary memecoin built on the Ethereum blockchain pays homage to the iconic Pepe the Frog internet meme created by Matt Furie.
PEPE was launched with simplicity in mind so that it could capitalize on the popularity associated with meme coins such as Shiba Inu and Dogecoin. Unlike several digital currencies, PEPE does not pay any taxes and openly admits that its only use case is for memes purposes.
2.Dogecoin
In 2013, Dogecoin emerged as a crypto, playfully paying homage to the renowned internet meme featuring a Shiba Inu dog.DogecoinĀ gained popularity in early 2021 due to endorsements from celebrities like Elon Musk, its value has exhibited high volatility.Dogecoin can also be exchanged for other cryptos or traditional fiat currency.
3. Shiba Inu
All-encompassing crypto ecosystem with meme beginnings,Started out in 2020 as an experiment in decentralized community building, Shiba Inu (SHIB) has evolved from being one of the numerous meme coins to being one of the most active and robust crypto ecosystems in the industry.
4.Floki Inu
Innovative crypto incentives and features powered by FLOKIĀ Launched by a group of former Shiba Inu community members, Floku Inu (FLOKI) is a meme coin project that combines real utility with charitability, giving power to the ordinary people instead of VCs and hedge funds.
5.Notcoin(NOT)
Notcoin, which started as an internet sensation on Telegram and has become a viral web3 ecosystem with millions of users, leverages an innovative tap-to-earn mining mechanism. It incentivizes users to explore, engage and contribute to decentralized finance by pioneering as a community token.