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Announcement of the announcement from Trump: “Tomorrow I will be with the Bitcoin people”✊
That is, today...
#BTC
returned to $68k, also awaiting Trump's speech 💸
#Trump
#Bitcoin2024
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💥 Render: Can whales push $RENDER to $8.13 after a 40% dip? Render [RNDR] has been among the Solana ecosystem’s top gainers. The altcoin has surged by over 10%, trading at $7.43, at press time. According to CoinMarketCap data, Render’s trading volume and market cap have also seen significant increases. Notably, the coin’s trading volume skyrocketed by 43%, reaching $1.26 billion in just one day. 🔸 A volatile week leads to a strong comeback Despite its recent rally, Render had a tough week. Its price plunged by nearly 40%—the deepest drop since its breakout from a symmetrical triangle consolidation. This decline shook market confidence, but the altcoin has managed a remarkable recovery. In the last 48 hours, it has erased its losses and surged by 29%. This fast rebound solidifies RNDR’s position as one of the top performers in the Solana ecosystem. 🔸 #Render whale capitalizes on the dip On-chain metrics also point toward a bullish outlook for the coin. According to data from IntoTheBlock, large transactions are up 10%, indicating a surging whale activity on the altcoin. In most cases, surges in whale activity correlate with strong price action, further supporting the potential for Render to continue higher. Liquidation heatmap leans to the bulls Additionally, the liquidity heatmap data shows a bullish bias. According to the heatmap, there is a massive pool of liquidity, with about 310k worth of Render to be liquidated at the $8.13 price level. This pool could act like a magnet for price action and serve as an effective target for the bulls. 🔸 What next for Render? A combination of technical and on-chain metrics sends an encouraging picture for Render. While last week’s dip tested its resilience, the altcoin has strongly bounced back, reclaiming investor confidence in a short span.
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🔥 $SUI Shows Strong Bullish Comeback: Breakout Above $4.98 In Sight SUI has shown a remarkable bullish comeback, overcoming earlier setbacks with impressive strength. The cryptocurrency has steadily gained ground, attracting attention. As the price approaches the critical $4.98 resistance, the potential for a breakout looms. A successful move above this level could trigger a new phase of bullish momentum. Specifically, the $4.98 has been a key barrier in recent trading, and breaking through it would be a significant achievement for SUI. With strong market sentiment building, a breakthrough may inspire more buying pressure, pushing the price even higher. As the asset moves close to this crucial level, the possibility of new record highs becomes increasingly likely, making SUI one of the critical cryptocurrencies to watch in the coming days. 🔸 #SUI Bulls Take Charge Toward $4.98 Threshold SUI is currently demonstrating impressive bullish momentum as its price steadily climbs toward the critical $4.98 resistance level. This price action signals a strong comeback for the token, with bulls steadily regaining control after previous bearish pressure. The $4.98 threshold has emerged as a key point of interest since it represents a potential breakout zone that could drive the price higher toward new highs. A successful breach above the $4.98 level would confirm the continuation of the positive trend and attract additional buying interest. This could lead to a shift in market sentiment, with buyers asserting dominance and possibly pushing the price toward the next resistance levels. 🔸 A Break Above $4.98 Could Signal More Upside SUI’s price has successfully risen above the 100-day Simple Moving Average (SMA), a significant technical milestone that signals a shift in market sentiment. Significantly, this rise above the 100-day SMA indicates that the token may be entering a new bullish phase, as the price action is now trading above a key moving average that has historically acted as support or resistance.
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🐸 Whale Alert: Market Observer Highlights Ongoing PEPE Accumulation A crypto market observer on X has spotted multiple whale acquisitions of PEPE, the frog-themed meme coin. In a recent post, the observer highlighted transactions involving four whales who recently invested in the meme coin, suggesting the return of significant bullish momentum for the cryptocurrency. The observer’s highlights include a whale who became famous after making a $6.24 million profit from a previous PEPE transaction. According to the observer, the same whale recently bought 250 billion PEPE meme coins at an average price of $0.00001697. Meanwhile, another PEPE whale added 230.1 billion of the meme coin tokens to his portfolio at an average price of $0.00002455. Apart from the previous two whales, the crypto market observer spotted a whale with an 85% winning rate who recently opened a 788.2 billion PEPE position at an average price of $0.00002394. He also identified a fourth whale who recently purchased 1.129 trillion PEPE, equivalent to $3.68 million. The fourth whale bought the meme coin for an average price of $0.00001647. The observer’s spotted acquisitions highlight investors’ bullish sentiment toward PEPE despite the meme coin’s recent pullback. PEPE retraced by over 49% after reaching a $0.00002836 all-time high in the first week of December. The frog-themed meme coin traded for $0.00001763 at the time of writing, reflecting a 22.5% rally from recent support. Notably, PEPE’s recent support coincides with its previous high, reflecting a consistent pattern of higher highs and lows, with the preceding highs forming the base for subsequent rallies. It is worth noting that PEPE is one of the best-performing meme coins in the current bull cycle and has maintained a bullish momentum since its creation in 2023. #PEPE #pepecoin
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🤔 Signals not good for the crypto of Hedera (HBAR) HBAR, the crypto of the Hedera project, in 2024 seemed like it could be the year of the comeback, but recently it has been showing not good signs. The first bull run of the crypto Hedera (#HBAR ) Having entered the crypto markets in 2019, Hedera’s native cryptocurrency went through the great bull run of 2021. That has been, so far, the period of greatest splendor for this crypto on the markets. Its price, to be honest, immediately after debuting on the exchanges, fell, but stopped above $0.01 during the bull of spring 2020. As a reference point for analyzing the trend of its price, it is useful to consider the $0.03 at the end of 2020, when the last great bull run of Bitcoin had already started, but not yet that of HBAR. At the beginning of 2021, in just two and a half months, it multiplied its value by more than ten times, reaching $0.36. It was a true boom during the first part of the first altseason of that year. Although in July its price had more than halved, as it had returned to $0.15, it started to rise again during the second altseason, reaching an all-time high in mid-September above $0.57. The bear-market Until November 2021, it remained above $0.40, but when between December 2021 and January 2022 the bear-market began, its price started to plummet. Already at the end of 2021, it had returned to $0.21, while in March 2022, it also fell below $0.2. The biggest problem occurred with the implosion of the Terra/Luna crypto ecosystem in May 2022, when there was a collapse of practically all the altcoins. The price of #Hedera ’s crypto at that point crashed below $0.10 within a month, then dropped further to below $0.04 in January 2023. Note that, at that point, it had lost almost all the gains from the bull run. In other words, the burst of the speculative bubble of 2021 almost brought the value of HBAR back to the pre-bubble level, which moreover was already lower than the initial debut price on the crypto markets. This situation then persisted until October 2023.
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📊 Memecoin and Altcoin steal the scene from the dominance of Bitcoin An eventful year is coming to an end for the world of cryptocurrencies, which in 2022 experienced a rather negative period, only to begin a gradual recovery in 2023, driven by expectations for the Bitcoin Halving of 2024. In this article, the best performances achieved by some of the main cryptos during this 2024 will be analyzed, through some interesting statistical data. An eventful year is coming to an end for the world of cryptocurrencies, which in 2022 experienced a rather negative period, only to begin a gradual recovery in 2023, driven by expectations for the Bitcoin Halving of 2024. In this article, the best performances achieved by some of the main cryptos during this 2024 will be analyzed, through some interesting statistical data. 🔸 Cryptocurrencies in 2024: Bitcoin Dominance continues with the 100,000$ threshold surpassed From the table shown in Figure 1, where the last date considered for the calculations is 12/11/2024, it is noted how after a disastrous 2022 for all cryptocurrencies, none excluded, 2023 was instead a year of rebound and general recovery for the entire sector. As already mentioned, this movement was largely driven by the bull expectation in view of the Bitcoin Halving, but also by the anticipation for the launch of the first Spot ETFs on Bitcoin and Ethereum at the beginning of 2024, which opened the world of cryptocurrencies to a much wider pool of liquidity, making it accessible not only to institutional investors but also to a broader audience of investors. 🔸 Figure 1. Summary table of the best cryptocurrencies ordered by “Yearly” performance created in 2024. As for 2024, considering that there are only a few days left until the end of December, it can now be stated that the bull expectations have not been disappointed, with Bitcoin (BTC) leading the market by consolidating its ‘Dominance’ (see this article), moving sideways for a few months after the April Halving. #Memecoin #Altcoin
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