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 asset (RWA) market. Moreover, these projects have shown strong weekly trading volumes, 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 tightening.
Although the technological advancements and infrastructure in the crypto industry are becoming increasingly sophisticated, speculation remains dominant. Stablecoin payments have become relatively widespread in Western countries, but other applications have yet to land on a large scale. The RWA sector is closest to financial assets, whether in terms of imaginative potential or capital-driven incentives, making it easier to realize.
Wall Street capital has pushed Bitcoin and Ethereum ETFs into the traditional financial sector, and in less than a year, they have already controlled $100 billion in BTC, with large institutions like the publicly traded company MSTR buying over 400,000 BTC worth $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 push the token price to a new high of $0.000081.
"$SHIB (Shiba Inu) seems to be further joining the bullish trend after confirming another bull market pattern, as the price is now showing strong signs! If the breakout is maintained, it indicates that the target of $0.000081 is still in play, meaning these prices could rise another 2.79 times (over 179%) from now. The story of Shib is unfolding..."
According to data from CoinCodex, the trading price of Shiba Inu may be around $0.00002863 around Christmas 2024.
In addition, 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 caused significant fluctuations in the Bitcoin price on South Korea's largest cryptocurrency exchange, Upbit, which temporarily dropped to $71,800, a nearly 30% plunge. The price quickly rebounded, and South Korea also announced the lifting of the emergency. On Wednesday, the Bitcoin price soared to $96,000, while reports indicated that the newly elected U.S. President Trump would announce a candidate for the chairman of the Securities and Exchange Commission (SEC) as early as this week. According to data from Upbit, after the president announced the 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 he announced the emergency to respond to the 'threat of North Korean forces and to eliminate anti-national elements.'
"Breaking news, South Korean President Yoon Yong-kang has just announced a nationwide emergency. People believe this is related to North Korea, causing panic among South Koreans. On South Korea's largest exchange, Upbit, Bitcoin dropped from $95,800 to $71,800 in just a few minutes, a decline of 27%."
