In addition to the current upward trend, according to data from the leading on-chain analytics platform Phoenix Group, four cryptocurrencies (OM, PENDLE, ONDO, and POLYX) currently dominate the Real World Assets (RWA) market. Furthermore, the weekly trading volumes of these projects are robust, reflecting active engagement and significant price volatility. Phoenix Group highlighted the resilience of these tokens in the market, with ONDO particularly benefiting from increased investor interest and supply constraints.
Although the technological advancements and infrastructure in the cryptocurrency industry are becoming increasingly robust, it remains primarily speculative. The use of stablecoins for payments is already widespread in Western countries, but other applications have not yet been deployed on a large scale. The RWA sector is closest to financial assets, with significant potential for both imaginative space and capital-driven initiatives.
Wall Street capital has pushed Bitcoin and Ethereum ETFs into the traditional financial sector, and within a year, they have already controlled $100 billion worth of BTC. Major institutions, such as the listed company MSTR, have purchased over 400,000 BTC, valued at $40 billion. The U.S. has completed its dominance and pricing of crypto assets.
According to the latest analysis by Javon Marks, Shiba Inu is currently in the process of confirming a major bull market pattern, which could drive the token price to reach a new high of $0.000081.
"$SHIB (Shiba Inu) seems poised to join the bull market further after recently confirming another bullish pattern, as the price is now showing strong signs! If it maintains this breakout, it means the target of $0.000081 is still in play, with potential price increases of up to 2.79 times (over 179%) from now. The story of Shib is unfolding..."
According to CoinCodex data, the trading price of Shiba Inu may be around $0.00002863 around Christmas 2024.
Additionally, SHIB may reach $0.00003040 before the end of 2024.
South Korean President Yoon Suk-yeol announced a state of emergency on Tuesday evening (December 3), a move that led to significant volatility in the Bitcoin price on South Korea's largest cryptocurrency exchange, Upbit, with the price briefly dropping to $71,800, a nearly 30% plunge. The price then quickly rebounded, and South Korea also announced the lifting of the state of emergency. On Wednesday, the Bitcoin price surged to $96,000, while news emerged that U.S. President-elect Trump would soon announce a candidate for the Chairman of the U.S. Securities and Exchange Commission (SEC) within the week. According to Upbit exchange data, following the presidential announcement of the state of emergency, the exchange rate of Bitcoin against the Korean Won plummeted from about 130 million won to 93.6 million won, a drop of 28%, before recovering to over 126 million won. Yoon Suk-yeol previously stated that the reason for declaring the state of emergency was to respond to the threat posed by 'North Korean forces and to eliminate anti-state elements.'
"Breaking news, South Korean President Yoon Yong-kang has just announced a nationwide state of emergency. People believe this is related to North Korea, causing panic among South Koreans. On South Korea's largest exchange, Upbit, Bitcoin plummeted from $95,800 to $71,800 within minutes, a drop of 27%."