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$XRP is testing the critical $1.7 level, showing no signs of turning back based on the current chart. The price action indicates strong momentum, with XRP poised to break higher as market confidence builds. #Bitcoin (BTC) has already completed its upward move, paving the way for altcoins like XRP to take center stage. Traders are now closely watching $XRP as it appears ready to "wake up" and make significant strides in the market. $BTC This could mark the beginning of a strong rally, making $1.7 a key support and breakout level to watch. The time for #XRP seems to be now!
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Following FTX's Important Update on Reorganization Plan, FTT Soars 30% FTX's native token, FTT, has seen a 30% spike in the previous 24 hours, reaching a monthly high of $2.93. The exchange has now gone bankrupt. The price increases follow FTX's November 21 announcement of a significant update to its restructuring plan, which is scheduled to commence in January 2025. There is hope that FTT, which has seen a spike that has put it in first place among the top 100 cryptocurrencies in terms of gain, might continue to climb and eventually reach its year-to-date high of $3.43, all because of the current bull market in the cryptocurrency market. Although the token's market value is remarkable at $843 million, it had a little correction at the time of writing, causing its price to decrease to $2.56. The court-approved Chapter 11 plan of reorganization is approaching its final stage, according to a press statement issued by FTX on November 21. Thanks to this update, FTX plans to begin paying off creditors and consumers in the first quarter of 2025. The revised schedule indicates that the now-defunct cryptocurrency exchange FTX plans to close deals with distribution agents in December 2024, after which it may begin refunding customers. Customers are asked to follow certain procedures in order to get their portion of the funds. These procedures include establishing an authorized account with a Distribution Agent, verifying their identity, and filing the necessary tax forms before the distribution record date. If the current uptrend continues, an expert predicts that FTT may reach $3.43 after breaking through $2.69. Nevertheless, the price of FTT might be pushed down if tokens that are moving in significant amounts are sold off. #FTT #FTX $FTT #AltcoinNextMove
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Solana On-Chain Activity Soars as Transfer Volume Breaks Records Solana, one of the top blockchains in the active crypto industry, attracts a large number of users everyday, resulting in an unparalleled transfer volume rise. Solana Sets Adoption Record Glassnode, a major on-chain and financial platform, announced that Solana network on-chain activity is heating up, resulting in a tremendous jump in transfer volume to a new all-time high, indicating rising network use and interest. This record transfer volume shows the blockchain's rapid and low-cost transactions and the rising popularity of decentralized applications and initiatives on the network. More people using Solana strengthens its status as a prominent blockchain in the crypto scene. The on-chain platform reported a record $318 billion transfer volume for Solana and over 22 million active addresses on November 16. The mean and median transaction volumes dropped considerably while transfer volume reached a record high. Glassnode suggested that this network activity pattern, which has propelled blockchain developments, may be bot-driven. As record-breaking activity continues, the network's importance in blockchain will grow, luring retail and institutional participants. The increase in transfer volume matches a large increase in DEX volume. The network's decentralized volume reached new highs a few days ago, showing a rising demand for decentralized operations and user involvement. The network's DEX volume reached a weekly record $41.2 billion, according to IC News. Interestingly, this fast surge represents over 100% growth from its prior highs of $17.5 billion in March and $18 billion the week before. With these successes, SOL's blockchain shows its decentralized financial innovation potential. Titan of Crypto and other experts believe SOL's fresh upward momentum might push the market beyond $400. Titan of Crypto predicted the bold forecast after SOL almost broke out of a Cup and Handle pattern on its monthly chart. #SOLHitsATH #EyesOnBTC #COSSocialFiRevolution $SOL
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$SHIB is currently in a key accumulation zone, presenting a promising opportunity for buyers. The critical resistance level to watch is $0.00003. A decisive break above this level could trigger rapid upward momentum, potentially leading #SHIB to retest its all-time high (ATH). With its strong community support and increasing adoption, SHIB remains a popular choice among meme-coin enthusiasts. As market sentiment improves, the chances of a breakout grow stronger. Investors should closely monitor the $0.00003 level as it could signal the start of a significant rally, positioning SHIB for another historic high. #AltcoinNextMove
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New trademark application by Trump Media explores crypto payment service A new trademark filing with the US Patent and Trademark Office suggests President-elect Donald Trump's media firm may establish a crypto payment service. Trump's Monday application for "TruthFi," a crypto payments, financial custody, and trading platform, shows his increasing interest in the crypto business. Crypto Win: SEC Chair Gary Gensler Departs January 20, 2025 The trademark application does not specify the operation or timeline of the proposed service, but it suggests that Trump Media & Technology Group wants to diversify beyond Truth Social, which relies heavily on Trump's continuous engagement with his core supporters. Given the company's tiny size, with less than 30 people, entering the bitcoin industry may require purchasing Trump Media is also in talks to purchase Bakkt, a crypto trading platform whose shares rose after Bitcoinist published the news earlier this week. Due to its policy of not discussing market speculation, Bakkt has not confirmed these talks. Trump Media filed to reserve the TruthFi moniker in case it launches a cryptocurrency endeavor, according to trademark attorney Josh Gerben. The attorney said that firms submit trademark applications with actual intent to use the name, implying that there may be plans. In the third quarter, Trump Media, worth $6.5 billion, earned little over $1 million from Truth Social advertising. With the network failing to attract new users and advertisers, diversifying income sources is crucial to its survival. Despite not working at Trump Media, he owns roughly 53% of its shares, worth $3.4 billion, making it his most valuable asset. The company's board, mostly loyal to the former president, including his oldest son, Donald Trump Jr. Previously a bitcoin skeptic, Trump started promoting digital assets throughout his presidential campaign. He has suggested that the next US SEC chairman would relax crypto regulation, departing from the Biden administration. #Trump #AltcoinNextMove $BTC
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