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Buy know. It’s last ring before December bullrun, next one is around march/april/may. #render
The decline in digital currencies today (December 9, 2024) is due to a set of factors affecting the market in general:
1. The rise of the US dollar: The US dollar witnessed a noticeable recovery, as its index (DXY) rose after reaching its lowest levels in recent months. This rise leads to pressure on alternative assets such as digital currencies, as they become less attractive compared to the dollar .
2. Market correction: After a recent wave of rise, the market witnessed a natural correction as a result of broad selling operations, especially by investors who hold currencies for long periods (long-term holders). These selling operations usually indicate potential future volatility  .
3. The state of the global economy: With inflation continuing and interest rates rising by central banks, investors are moving towards more stable assets, which weakens risk appetite in the digital currency market  .
4. Regulatory tensions: Digital currencies are witnessing regulatory pressures, such as investigations into major trading platforms, which raises investor concerns and prompts them to withdraw or wait .
5. Environmental factors and general concerns: Concerns about energy consumption and the impact of mining on the environment continue to influence the decisions of some investors, further depressing the market.
If you are an investor, it is important to follow the news and economic reports and avoid making hasty decisions.
1. The rise of the US dollar: The US dollar witnessed a noticeable recovery, as its index (DXY) rose after reaching its lowest levels in recent months. This rise leads to pressure on alternative assets such as digital currencies, as they become less attractive compared to the dollar .
2. Market correction: After a recent wave of rise, the market witnessed a natural correction as a result of broad selling operations, especially by investors who hold currencies for long periods (long-term holders). These selling operations usually indicate potential future volatility  .
3. The state of the global economy: With inflation continuing and interest rates rising by central banks, investors are moving towards more stable assets, which weakens risk appetite in the digital currency market  .
4. Regulatory tensions: Digital currencies are witnessing regulatory pressures, such as investigations into major trading platforms, which raises investor concerns and prompts them to withdraw or wait .
5. Environmental factors and general concerns: Concerns about energy consumption and the impact of mining on the environment continue to influence the decisions of some investors, further depressing the market.
If you are an investor, it is important to follow the news and economic reports and avoid making hasty decisions.
And price is still nice. So we got real coin with nice predictions, nice economy, with important applications. Let’s go for 100$ this bullrun. Look at holders. $render on top
$RENDER saw that a major account in the top ten sold more than half, nearly two million pieces
$RENDER Fomo in early altseason is good. You can buy right know cheaper Render Coin! Soon 14$
Hive five! (high five)
$HIVE token, like most cryptocurrencies, has experienced significant price fluctuations due to market cycles. Predicting its price for the next bull run involves considering several factors:
Key Factors Influencing HIVE Price in the Next Bull Run:
1. Historical Performance:
• In the 2021–2022 bull run, HIVE peaked around $3. Its performance was driven by general market enthusiasm, increasing interest in decentralized platforms, and Hive’s ecosystem growth.
2. Ecosystem Development:
• Hive
Key Factors Influencing HIVE Price in the Next Bull Run:
1. Historical Performance:
• In the 2021–2022 bull run, HIVE peaked around $3. Its performance was driven by general market enthusiasm, increasing interest in decentralized platforms, and Hive’s ecosystem growth.
2. Ecosystem Development:
• Hive
What about RENDER TOKEN?
$RENDER The Render (RNDR) token is part of the Render Network, a blockchain-based platform designed to optimize rendering processes for digital creators. It provides decentralized access to rendering power, enabling users like graphic designers, animators, and virtual reality developers to leverage unused GPU capacity across the globe. This approach significantly reduces costs and time compared to traditional rendering methods.
Current Chart Analysis:
• Price Spike: The token experienced a sh
Current Chart Analysis:
• Price Spike: The token experienced a sh
Time for RENDER. It’s excaly the same position like in last bull run. Let’s go to the 47$
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Coinpedia
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XRP Poised for 20% Price Decline, Chart Signals Imminent Sell-Off
The post XRP Poised for 20% Price Decline, Chart Signals Imminent Sell-Off appeared first on Coinpedia Fintech News
After a notable upside rally in the past, XRP, the native token of Ripple Labs is poised for price correction as its chart is flashing a sell-off signal. However, this bearish or negative outlook is further getting support from large holders.
Whale Dump 40 million XRP Tokens
Today, December 4, 2024, the blockchain-based transaction tracker Whale Alert made a post on X (previously Twitter) that a crypto whale had dumped a significant 39.99 million of XRP tokens worth $103.18 million. This massive dump was witnessed on Coinbase, the largest cryptocurrency exchange in the United States.
39,999,989 #XRP (103,181,519 USD) transferred from unknown wallet to #Coinbasehttps://t.co/RxWiHTHdOf
— Whale Alert (@whale_alert) December 4, 2024
The whale’s significant dump currently aligns with a bearish price action pattern. According to expert technical analysis, XRP has formed a bearish head-and-shoulders pattern on an hourly timeframe.
In trading and investing, this pattern often signals a sell-off and whenever an asset breaches the neckline, a notable price decline is typically observed on the chart.
XRP Technical Analysis and Upcoming Analysis
Experts and analysts currently anticipate similar price momentum in the coming days. If XRP breaches the neckline of this bearish pattern and closes a daily candle below the $2.40 level, there is a strong possibility of a 20% decline, potentially bringing the price down to $2 in the near future.
However, XRP’s Relative Strength Index (RSI) currently stands at 34, which is close to the oversold zone, indicating potential upside momentum. Additionally, XRP is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, suggesting an uptrend.
Traders Bearish Outlook
This bearish outlook is further supported by on-chain analytics firm Coinglass. Currently, the XRP Long/Short ratio stands at 0.88, indicating strong bearish market sentiment among traders.
Currently, 53.20% of top traders hold short positions, while 46.80% hold long positions.
Combining all these factors, the recent whale activity, bearish price action patterns, and bearish on-chain metrics, it appears that bears are currently dominating the asset in the short term. This suggests a strong possibility that XRP could face a price correction or decline in the coming days.
Current Price Momentum
At press time, XRP is trading near $2.40 and has registered a price decline of 6.5% in the past 24 hours. During the same period, its trading volume dropped by 55%, indicating lower participation from traders and investors amid bearish market sentiment.
After a notable upside rally in the past, XRP, the native token of Ripple Labs is poised for price correction as its chart is flashing a sell-off signal. However, this bearish or negative outlook is further getting support from large holders.
Whale Dump 40 million XRP Tokens
Today, December 4, 2024, the blockchain-based transaction tracker Whale Alert made a post on X (previously Twitter) that a crypto whale had dumped a significant 39.99 million of XRP tokens worth $103.18 million. This massive dump was witnessed on Coinbase, the largest cryptocurrency exchange in the United States.
39,999,989 #XRP (103,181,519 USD) transferred from unknown wallet to #Coinbasehttps://t.co/RxWiHTHdOf
— Whale Alert (@whale_alert) December 4, 2024
The whale’s significant dump currently aligns with a bearish price action pattern. According to expert technical analysis, XRP has formed a bearish head-and-shoulders pattern on an hourly timeframe.
In trading and investing, this pattern often signals a sell-off and whenever an asset breaches the neckline, a notable price decline is typically observed on the chart.
XRP Technical Analysis and Upcoming Analysis
Experts and analysts currently anticipate similar price momentum in the coming days. If XRP breaches the neckline of this bearish pattern and closes a daily candle below the $2.40 level, there is a strong possibility of a 20% decline, potentially bringing the price down to $2 in the near future.
However, XRP’s Relative Strength Index (RSI) currently stands at 34, which is close to the oversold zone, indicating potential upside momentum. Additionally, XRP is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, suggesting an uptrend.
Traders Bearish Outlook
This bearish outlook is further supported by on-chain analytics firm Coinglass. Currently, the XRP Long/Short ratio stands at 0.88, indicating strong bearish market sentiment among traders.
Currently, 53.20% of top traders hold short positions, while 46.80% hold long positions.
Combining all these factors, the recent whale activity, bearish price action patterns, and bearish on-chain metrics, it appears that bears are currently dominating the asset in the short term. This suggests a strong possibility that XRP could face a price correction or decline in the coming days.
Current Price Momentum
At press time, XRP is trading near $2.40 and has registered a price decline of 6.5% in the past 24 hours. During the same period, its trading volume dropped by 55%, indicating lower participation from traders and investors amid bearish market sentiment.
Because you are new in crypto. You need more time. Render was perfect in this time I bought #render around 3-4$ and make 2x. On spot trade I made around 10x. We still got 5m
$RENDER is a really crappy coin. I changed my position and wasted the entire bull market.
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