😢😢😢😢😢😢😢 Is it possible for DOGE to reach $0.5 by the New Year after a strong fall?🚀🚀🚀
A tough night of collapse for Bitcoin and other altcoins resulted in mass liquidations of longs.
Dogecoin, on the verge of breaking through the strong support of $0.3 (touching $0.300001), collected a huge number of stop-longs and liquidations.
By the morning of December 20, the price returns to the level of $0.33.
According to my forecast, if there is no large buyer(s) from the current levels to pull the price higher, then a panic sell-off and fixing of losses of the crowd is ahead.
🐶Currently, about 589.5 trillion tokens are in circulation.
🐶However, the Shiba Inu community is trying to solve this problem by burning tokens, which permanently removes them from circulation. Theoretically, the price per Shiba Inu token should organically increase in proportion to the number of tokens burned.🚀🚀🚀
🐶How long will it take to burn 1 trillion tokens?
🐶In November, about 1.7 billion tokens were burned, which corresponds to an annual rate of 20.4 billion.
1 trillion / 20.4 billion ≈ 49 years
🐶Hooray! We burned 1 trillion, but we still have 588 trillion left. In 49 years, only 0.17% of the total supply has been burned.
🐶But even if investors somehow live to see that day, they won't make any money. Burning tokens does not create value — it only reduces supply, making the reduced number of tokens more valuable.
👍👍👍👍👍👍 🎉🎉🎉 "For the first time, we have a president who truly understands the potential of breakthrough technologies and supports the crypto sector".🎉🎉🎉
Ripple has transferred $5 million in XRP for the inauguration of elected President Donald Trump. According to representatives of the Inaugural Committee, this is the largest cryptocurrency donation to date.
Cryptocurrency exchanges Coinbase and Kraken each allocated $1 million in digital assets for the event. MoonPay also contributed, although it did not specify the amount.
"We are excited to continue our collaboration with elected President Trump and his administration to achieve the long-needed clarity in regulation and to launch the next wave of innovation," said Kraken co-CEO Arjun Sethi.
The fund has raised over $200 million for the inauguration in honor of Donald Trump’s victory and Vice President JD Vance. It is known that the celebrations will last for three days.
🚀🚀🚀🚀🚀🚀🚀🚀 Shiba Inu lead developer Shitoshi Kusama recently spoke with The Shib, a decentralized community platform, about growing the Shiba Inu ecosystem with TREAT. The conversation focused on using TREAT to power FHE, a collaboration between Ogai, a technology project that empowers human health.
FHE is a revolutionary cryptographic tool that allows computation to be performed on encrypted data without decrypting it.
•Shiba Inu is expanding its ecosystem by implementing technologies such as Fully Homomorphic Encryption (FHE).
•Shiba Inu is evolving from a meme coin into a general-purpose blockchain ecosystem focused on innovation and utility.
Will exchanges in Europe delist USDT?🫣🫣🫣 🔴New European Union rules on crypto assets (MiCA) imply that cryptocurrency exchanges in the EU must delist stablecoins that have not received regulatory approval by December 30, 2024. USDT may be among these cryptocurrencies as the company has not received local approval.
🔴The Tether token significantly leads among all cryptocurrencies in trading volume. Over the past 24 hours, out of a total market trading volume of $385 billion, USDT accounted for $218 billion. In comparison: BTC had $110 billion, and USDC had $15 billion.
🔴Delisting Tether will restrict Europeans themselves because USDT is currently the most liquid stablecoin. The majority of crypto assets are traded in pairs with USDT, so investors who have to exit the USDT pair to buy the same asset for trading in a pair with another stablecoin will incur losses.
On December 20, the price of Bitcoin, Ethereum, XRP, DOGE and many other leading digital assets by capitalization fell sharply. As a result of the bearish trend, open positions worth over $1 billion were liquidated.
On December 19, US Bitcoin exchange-traded funds (ETFs) recorded a record outflow of funds in one day — $680 million, according to SoSoValue. This put an end to a 15-day streak of capital inflows into US ETFs.
However, many investors see no reason to panic. For example, popular crypto blogger Crypto Rover believes that BTC will soon bounce off the local minimum and continue to storm new peaks.
A similar Bitcoin drawdown occurred at the end of last year. If history repeats itself, the cryptocurrency will continue to storm new peaks in the first quarter of 2025.
🔴Bitcoin began to fall amid the publication of negative comments by Fed Chairman Jerome Powell about the formation of a BTC reserve in the United States. According to him, under current conditions, the regulator cannot organize the storage of cryptocurrency and does not strive to do so, since the implementation of the project will require a change in current legislation. 🔴On the evening of December 18, Bitcoin began to decline. BTC failed to maintain the $100,000 level. At one point, Bitcoin fell to $98,800. After that, the coin began to recover. 🔴The initiative to form a Bitcoin reserve in the United States was proposed by Donald Trump, who won the 2024 presidential election. Hints from the Fed that the initiative is unlikely to be implemented are, on the contrary, a bearish signal. 🔴The Fed cut the rate for the third time in a row. This time, it was lowered by 25 basis points - to 4.25-4.5% per annum. 🔴For the crypto market, the reduction of the Fed's key interest rate is positive news, as the changes increase the attractiveness of high-risk assets. At the same time, Powell's hints that the regulator's movement towards lowering the rate will not be so sharp negatively affected the mood of investors.
🎉🎉🎉In 1.5 hours, the listing of USUAL will conclude, and spot trading will begin.🎉🎉🎉
🚀🚀🚀USUAL is a relatively new token, and trading it is riskier than usual. Its price is likely to be subject to high volatility. Before starting to trade, ensure that you manage risks effectively, study the project on your own, and fully understand its essence.🚀🚀🚀
🫣Upcoming events:
1️⃣Binance will open spot trading on 18.12.2024 at 14:00 (MSK).
2️⃣Withdrawals will open on 19.12.2024 at 14:00 (MSK).
🎉🎉🎉 A listing on the spot market is scheduled for December 18, with the circulating supply of Usual being ~ 12.37% (494,600,000 units).🎉🎉🎉
Unlike many cryptocurrencies, Usual is backed by real assets, ensuring a stable value, which is crucial for users seeking reliability in volatile markets.
Although Usual may not be as widely known as some major cryptocurrencies, its focus on stability and community governance makes it a notable player in the stablecoin sector.
Backing by real assets provides a level of security that attracts both individual and institutional investors looking for a reliable digital currency option.
Usual aims to revolutionize financial systems by redistributing control and value to promote the common good. It is focused on creating financial freedom and equity, transforming traditional financial systems into a universally inclusive economic model. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 #USUALonLaunchpool&Pre-Market #UsualToken
🎉🎉🎉 The Floki meme coin team supported the launch of the “most anticipated” project for the development of AI agents based on BNB Chain — BAD.🎉🎉🎉
🚀🚀🚀AI agents are the fastest growing sector in the crypto industry with a market cap of $11.2 billion, according to the Floki blog.🚀🚀🚀
🚀🚀🚀 Unlike Ethereum, Base and Solana, BNB Chain does not have a platform in this sector, the meme coin representatives emphasized. The team decided to support BAD in order to develop the artificial intelligence direction on the network.🚀🚀🚀
🚀🚀🚀 1.35% of the total volume of BAD tokens will be transferred to the Floki ecosystem. 10% will be sold on the Launchpad platform.🚀🚀🚀
#DOGE 🚀🚀🚀 If this trend continues, Dogecoin may follow BTC and reach a new peak. 🎉🎉🎉 Bitcoin reached a new all-time high of $107,780.58 on December 17, with the bitcoin price surge contributing to a nearly 15% monthly gain and about a 150% annual increase.📈📈📈 Many attributed the weekly drop in DOGE's price to rising inflation in the U.S., which caused panic among investors. These investors are likely hesitant to invest in risky assets such as Dogecoin. Onchain market analyst Ali Martinez noted whale activity as a positive momentum indicator for DOGE. The analyst predicts that DOGE may return to its all-time high of $0.7376. Additionally, crypto analyst Trader Tardigrade recently pointed to a bullish breakout from a 'Symmetrical Triangle' pattern. This technical formation, often associated with rising price trends, predicts that Dogecoin is in for another bullish surge. Tardigrade predicts a price target for DOGE between $8 and $10, which represents significant growth potential for loyal holders.
Bitcoin has strengthened by 1.79% over the week, settling above the $100,000 mark. 🚀🚀🚀🚀🚀🚀🚀🚀 However, many altcoins ended up in the red. Memcoins such as Dogecoin and Shiba Inu showed the most significant decline, losing about 10% of their value. 😭😭😭😭😭😭😭😭
🤔🤔🤔Vana – is a decentralized blockchain platform that helps people maintain control over their data and make it available for use in various applications.🚀🚀🚀
The goal is to create a user-driven artificial intelligence ecosystem, with a focus on privacy and security. The architecture includes two main layers:
1️⃣ Data Liquidity Layer (DLL). Converts data into blockchain as assets that can be transferred. Users can create data liquidity pools where data is collected, verified, and recorded. The system uses a Proof-of-Contribution (PoC) mechanism that guarantees the reliability of the information. Users are encouraged to share their data for AI training while maintaining privacy.
2️⃣ Data Portability Layer (DPL). Allows user-managed applications to operate based on verified information. Users decide whom to grant access to, using cryptographic permissions.
📈📈📈 MicroStrategy Inc., a leading player in the cryptocurrency market, announced the acquisition of an additional 15,350 bitcoins, increasing its holdings to approximately 439,000 bitcoins as of December 15, 2024.🚀🚀🚀
📈📈📈This latest purchase, made with investments of approximately $1.5 billion, reflects an average cost of about $100,386 per bitcoin, including fees and expenses. The total investment of the company in bitcoin now amounts to around $27.1 billion at an average purchase price of $61,725 per bitcoin.🚀🚀🚀
📈📈📈The company's shares have also benefited from the sharp rise in the spot price of bitcoin, which reached a new peak of $106,490.🚀🚀🚀
📈📈📈MicroStrategy's aggressive strategy for acquiring bitcoins has made it a notable player in the cryptocurrency market, with its holdings representing a significant part of its investment strategy. As the company continues to deploy its capital to expand its bitcoin portfolio, it remains a closely watched barometer of corporate confidence in cryptocurrencies.🚀🚀🚀
🚀🚀🚀 After the recent surge in cryptocurrency activity due to Trump's influence, Dogecoin is showing signs of preparing for another significant rally.🚀🚀🚀
🎉🎉🎉Technical analysis shows that the RSI index, having reached 93 during the last rally and then dropped to the neutral level of 50, creates favorable conditions for a new upward move. A similar situation was observed in March 2024, which preceded a strong growth of the cryptocurrency.🎉🎉🎉
🌕🌕🌕 Analyst Trader Tardigrade predicts the possibility of Dogecoin value growth to $0.5, which means a potential increase of 19% from current indicators. This optimistic forecast is based on technical analysis and historical parallels with previous periods of cryptocurrency growth.🌕🌕🌕
🚀🚀🚀The main catalyst may be the activity of Elon Musk, known for his influence on the rate of this cryptocurrency. Also, an important indicator remains the behavior of Bitcoin, which recently exceeded the $105,000 mark, which creates a favorable background for the growth of altcoins, including Dogecoin.🚀🚀🚀
Dogs (DOGS) — is a meme coin that was launched on Telegram in July 2024. It is inspired by the mascot Spotty, created by Pavel Durov, the founder of the largest social platform in Russia, VK. The DOGS coin aims to expand Spotty's presence in the cryptocurrency world.
Dogs represents a native meme coin of Telegram, created in unison with the culture and preferences of the Telegram community. Within 24 hours of its appearance, the Telegram channel Dogs had already gained over 1.9 million subscribers, indicating significant initial interest from users.
The motto of the coin is Who let the DOGS OUT?.
Dogs operates on the Telegram Open Network (TON) blockchain, utilizing the platform's infrastructure for secure and efficient operations.
Dogs is a community-driven project that places a strong emphasis on user engagement and participation. Unlike traditional cryptocurrency projects, DOGS does not have its own website, whitepaper, or roadmap. This simplicity attracts the Telegram community, as it allows users to easily join and participate, avoiding the complexities that often accompany other crypto projects.
#2024WithBinance #BONK 🐶🐶🐶🚀🚀🚀 The BONK token, themed around dogs, was launched onto the market using an innovative distribution strategy: a mass airdrop aimed at Solana users. This approach not only rewarded the existing community but also attracted a new audience to the platform, increasing liquidity and engagement.
— Initial distribution: Airdrop among Solana users
— Impact on Solana: increase in the number of users and network activity
The founders of BONK chose to remain anonymous. Despite this anonymity, they managed to create a strong community. BONK occupies a unique position compared to other well-known meme coins like Dogecoin and Shiba Inu. Despite some similarities with these tokens, BONK stands out with its technical features and connection to the Solana ecosystem, giving it its own identity and special added value. BONK is not only a digital asset for investors and traders; it also finds use in various sectors, including decentralized exchanges (DEX) and crypto casinos. $SOL $BONK
📉📉📉After the drop, Bitcoin is returning to its previous value, approaching $100,000 📈📈📈
The collapse of the crypto market on December 9 was linked by analysts to high selling pressure from long-term Bitcoin holders taking profits.😢😢😢
Against the backdrop of rising market tensions in anticipation of the Fed's decision on interest rates. The Consumer Price Index will be released on December 11. Based on its results, the regulator may make another decision regarding rates.
The Fed meeting is scheduled for December 18. Over 85% of market participants expect another rate cut. Changes could enhance the investment attractiveness of high-risk assets like crypto.🚀🚀🚀
At the same time, the long-term forecast for price prospects on crypto assets remains positive.👍👍👍
Magic Eden — a decentralized NFT marketplace built on the Solana blockchain, which is rapidly gaining popularity due to its high transaction processing speed and low fees, capturing over 90% of the NFT trading volume on Solana. Over time, the platform has expanded its presence, supporting NFTs on Ethereum, Polygon, and Bitcoin. Binance listed Magic Eden (ME) and opened trading on 10.12.2024, but trading it is riskier than usual. Its price is likely to be subject to high volatility. As a result of the distribution, 12.5% of the total supply has been allocated. Over time, the community will receive 50.2% of the total number of tokens.
The purpose of the ME token is:
1️⃣ Supporting decentralized applications (DApps): encouraging innovation for Web3 users.
2️⃣ Enabling cross-chain trading: enhancing the Magic Eden trading platform.
3️⃣ Increasing trading efficiency.
4️⃣ Promoting NFT innovation: stimulating growth in the NFT and digital ownership space.