#2024WithBinance crypto currency’s will boost in 2025 | Syed Omer Hussain on Binance Square

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#BTCNewATH $SUI Babylon Labs and Lombard Protocol are preparing to bring liquid Bitcoin staking to Sui, the burgeoning layer-1 blockchain network, Sui and Babylon disclosed on Nov. 25. Starting in December, Bitcoin holders on Sui will be able to stake BTC to Babylon, a Bitcoin layer 2 (L2) network, and mint LBTC, Lombard’s liquid staking token (LST), according to the announcement. The initiative “aims to onboard Bitcoin liquidity to the Sui ecosystem, growing the decentralized finance ecosystem with LBTC as a collateral asset, and inviting Bitcoin holders to do more with their Bitcoin via LBTC,” Sui and Babylon said. They said LBTC “will become a core asset in Sui’s DeFi ecosystem, enabling lending, borrowing and trading to unlock Bitcoin’s $1.8 trillion USD worth of liquidity on Sui.” Cubist, a blockchain developer, will build infrastructure for depositing, minting, staking, and bridging BTC to Sui. “Bitcoin’s $1.8 trillion market capitalization represents immense untapped potential,” Jacob Phillips, Lombard’s co-founder, said in a statement. Cubist seeks to facilitate “a future where Bitcoin holders can fully participate in the next generation of onchain finance without compromising security or liquidity,” he added. Launched in 2023, Sui has attracted approximately $1.4 billion in total value locked (TVL), according to data provided by DefiLlama. Dubbed a Solana killer, Sui specializes in high-performance decentralized applications (DApps). Bitcoin LSTs command some $4.5 billion in TVL, according to stakingrewards.com. At around $1.5 billion in TV, Solv BTC (SolvBTC) is the most popular among Bitcoin LSTs. It is followed by Lombard, with a TVL of approximately $1 billion. Bitcoin LSTs are tokenized claims on Bitcoin staked to L2s, including CoreChain and Babylon. Similar to proof-of-stake (PoS) networks such as Ethereum, Bitcoin L2 stakers lock up BTC as collateral to secure the networks in exchange for rewards. Lombard’s LBTC is the largest LST on Babylon, which has yet to start distributing staking rewards.

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Will Cardano (ADA) Reach $2 Before Dogecoin? This Viral Altcoin Eyes a 4,000% Surge Cardano (ADA) recently broke past the $1 mark after a prolonged struggle, sparking fresh speculation about its potential to hit $2 before Dogecoin (DOGE), which has also seen notable price swings. While these established coins battle for dominance, Lunex Network is capturing attention with its extraordinary growth potential. Promising a staggering 2,000% surge, Lunex Network is emerging as a standout player. $LNEX’s ongoing ICO has already raised over $4 million, signaling strong investor confidence. Cardano (ADA) Eyes a 66% Surge in December: Can It Hit $2 Soon? Cardano (ADA) is primed for a potential 66% surge in December, mirroring its historical bullish trend during the month. According to Cryptorank data, Cardano has consistently delivered an average December growth rate of 66.8%, positioning it for a strong end to the year. Currently trading at $1.14, Cardano recently gained 6.60% within 24 hours, while its trading volume skyrocketed by 214.52% to $4.29 billion, signaling renewed investor enthusiasm. This positive momentum aligns with bullish patterns from prior December. In 2021, for instance, peaked at $1.72 in December, just months after nearing its $3 all-time high. Analysts are optimistic that Cardano could repeat such a rally, particularly if its current upward trend holds. Fibonacci projections even suggest ambitious price targets, with $2.453 and $8.30 emerging as key levels. Cardano’s fundamentals further bolster its prospects. Innovations like Quantum Hosky and the Chang hard fork update have fueled hype, enhancing its potential to outperform peers like Dogecoin (DOGE). #MarketCorrectionBuyOrHODL?

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#Dogecoindowntrend Why Dogecoin Price Down Today Dogecoin is down 6% today, hitting an intraday low of $0.3404 on Dec. 19. This decline outpaces the broader crypto market, which fell around 3.5% over the same period. The dip in DOGE follows Bitcoin’s 2% drop in the past 24 hours. Dogecoin price drops on “sell the news” rate cut The bullish sentiment was not only exclusive to Dogecoin as most other memecoins recorded significant losses across the board, triggered by Bitcoin’s drop to $100,000 following US Federal Reserve Chair Jerome Powell’s post-cut presser on Dec. 18. Shiba Inu , the second largest memecoin by market capitalization, followed DOGE’s steps, dropping 5.8% over the last 24 hours to trade at $0.00002433. Ethereum-based Pepe has dropped by approximately 11% over the same period. DOGE market sentiment sours The ongoing drawdown on DOGE price was also preceded by reducing market sentiment over the dog-themed memecoin which turned negative on Dec. 3, as per data from Santiment. This suggests that traders have become impatient as DOGE prices have been consolidating for the past month. DOGE’s bearish divergence DOGE’s drop today precedes a period of growing bearish divergence between its price and the relative strength index (RSI). The daily chart below shows that the DOGE/USD pair rose between Nov. 12 and Dec. 8, forming higher lows. But, in the same period, its daily RSI descended from 92 to 51, forming lower lows.

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‘Dying A Slow Death’: Has Ethereum Lost Wall Street’s Favor To Bitcoin? Ethereum has broken an eight-year support trend against Bitcoin, raising questions about the second-largest cryptocurrency’s future. “Dying a slow death”—that’s how Tuur Demeester, founder of Bitcoin hedge fund Adamant Capital, described Ethereum, pointing to the broken trendline to a canary in the coal mine. Crypto analysts blame Ethereum’s setback on slow institutional adoption, where Bitcoin continues to dominate. This could have deeper implications for Ethereum’s positioning as an asset class. Ethereum’s struggles come during a mixed week for the broader crypto market. Bitcoin’s price is flat Monday, hovering around the $90,000 mark, while Ethereum has dropped 0.3% to $3,080. Altcoins are a mixed bag: Solana is up 4.6%, Dogecoin is flat, XRP has gained 7.2%, BNB is down 2.3%, and Cardano is up 2.9%. The institutional divide According to Kaiko, a crypto data firm, Bitcoin’s dominance over Ethereum is due to its superior adoption among institutional investors, particularly through exchange-traded funds (ETFs). The disparity became more evident with the launch of crypto ETFs—with Bitcoin ETFs drawing significantly higher trading volumes than Ethereum ETFs. In fact, Bitcoin ETFs garnered more than $47 billion in assets within their first 30 days, while Ethereum ETFs brought in just over $6.7 billion, according to Amberdata, a crypto analytics firm. “The divergence in performance and on-chain activity can also be attributed to the distinct value propositions of Bitcoin and Ethereum,” Amberdata noted in a recent report. “Bitcoin, often referred to as ‘digital gold,’ has a simple and well-defined narrative as a store of value and inflation hedge, thanks in part to its fixed supply of 21 million BTC.” Bitcoin benefits from its fixed supply and simpler use case. Ethereum—though more versatile—suffers from scalability challenges and regulatory scrutiny, particularly regarding its transition to a proof-of-stake model.

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Binance Triggers 50% NEIRO Crash With Controversial Listing, But Is This An Opportunity? #downfall #NEIRO⏰🤫 The Neiro Ethereum (NEIRO) meme coin has been caught in a whirlwind of controversy after a Binance spot listing led to the crypto exchange having two different coins by the same name on the platform. As a result, the initial Neiro Ethereum (NEIRO) meme coin listed by the crypto exchange suffered an over 50% crash. This has led to panic selling by investors, but not everyone is looking at this as a reason to exist. Crypto analyst Weslad has proposed that this could, in fact, be an opportunity to get a great entry on the cryptocurrency. NEIRO Setup For Further Price Gains Crypto analyst Weslad has pointed to the NEIRO price decline as a possible opportunity to enter into the meme coin. The analysis which was posted on the TradingView website shows the path of the decline since its began. In addition, it also shows a possible bottom before the next leg-up begins from here. Related Reading: Crypto Pundit Shuts Down Predictions Of XRP Price Hitting $1,000 If the analyst is correct, then the NEIRO price may not be done with its crash. So far, the meme coin’s price has gone from as high as a $190 million market cap to below $80 million market cap. Weslad’s analysis predicts a further dump to $0.055. If this happens, it would mean another 28.5% crash from the current level. However, this level, which the analyst predicts would be the bottom, would be a prime area for accumulation. As the analyst explains, the NEIRO price has been able to breakout from its downtrend that began with the Binance controversy and is already looking toward a recovery. This is why the crypto analyst believes that it might be time to start accumulating the meme coin in preparation for the next NEIRO price pump. “Our plan is to accumulate in the immediate buy-back zone and hold the position until reaching the final setup area, which is anticipated to be a strong sell-off zone,” Weslad stated.

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