🚀 Here’s why the crypto Altseason could start tomorrow

While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday.

This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high. Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X.

An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” analysis, given its market size and relevance.

In summary, trading experts and crypto investors expect mid-to-low-caps to outperform the leaders, better distributing the capital among all cryptocurrencies.

🔸 The altcoins season (altseason) is starting

On TechDev’s insight, the Bitcoin and crypto analyst pointed out a pattern that dates back to March 2017. According to him, the last two altseasons started after three consecutive weekly closes above the last Bitcoin weekly high.

This pattern is in play right now, with the third consecutive week to close tomorrow, Sunday night, starting on Monday. Therefore, this week could be a key period for what some experts are labeling “utility altcoins,” with high growth potential.

Notably, TechDev crossed over the Bitcoin Dominance Index (BTC.D) with Bitcoin’s weekly chart, illustrating the start of the altseason.

In this context, some altcoins have already started surging, leading the way for other cryptocurrencies. Solana (SOL), Ripple (XRP), Cardano (ADA), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Sui Network (SUI) are some of them, outperforming other projects in the past few days as money starts rotating from Bitcoin and Ethereum to lower caps.

#Altcoin #Altseason #Altcoins

💥 Here is How Much XRP You Need to Make $1M if XRP Hits $150, $258, $305 and $403

Individuals looking to make $1 million from XRP via ambitious price points in the triple-digit range require a modest initial investment.

XRP has recently renewed optimism among community members and steadfast holders that their millionaire dreams are still on course. Last week, XRP recaptured a three-month high of $0.6366, even momentarily emerging as the best performer among prominent crypto assets.

Notably, XRP regained $0.6366 in under two weeks after revisiting a 16-month low of $0.385, marking a growth of over 65%. This impressive growth has convinced XRP bulls that they are not missing the 2024/2025 bull season.

With widespread projections suggesting XRP’s likelihood for more than double-digit values, this article explores the number of tokens an investor must hold to attain a millionaire should XRP attain audacious prices of $150, $258, $305, and $403.

🔸 XRP Needed to Make $1M if XRP Hits $150, $258, $305 and $403

To make $1 million via XRP in the hypothetical scenario where its market value attains $150, one must have 6,667 tokens in his portfolio. With XRP trading at $0.5899 at press time, following a brief retracement, acquiring the portfolio costs $3,932.66.

Put differently, an investor stands to see their investments explode by over 253-fold should XRP attain $150.

Meanwhile, investors targeting to make $1 million from XRP at a price point of $258 require a significantly lower initial investment. Specifically, one needs to hold only 3,875 XRP, which costs $2,286 today, to generate a million at the $258 price.

Similarly, a crypto investor must purchase 3,279 XRP valued at $1,934 today to make $1 million when XRP attains $305. The $403 XRP price point demands the least initial capital commitment.

To make a million dollars at $403, one must purchase and hold only 2,481 XRP, which costs $1,463 today. Meanwhile, this investment would expand by 68,216% should the ambitious $403 price materialize.

$XRP #XRP #Ripple

📊 Shiba Inu Eyes Monthly High as Large Holders Increase Their Accumulation

Leading meme coin Shiba Inu (SHIB) has seen a steady price climb over the past week. This price growth has been fueled by accumulation by its large holders, commonly known as whales.

This consistent buying pressure has positioned SHIB for further potential gains, with the coin now eyeing a monthly high.

🔸 Shiba Inu’s Reduced Selling and Whale Interest Fuel Rally

According to IntoTheBlock, SHIB has noted a 16% rise in its large holders’ netflow over the past week. These are whale addresses that hold more than 0.1% of the meme coin’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period.

When large holders’ netflow increases for an asset, it means that more tokens flow into the wallets of major investors or institutions than flow out. This trend indicates that these holders are accumulating the asset, signaling confidence in its future value.

Further, SHIB’s price rally has also been driven by the general market’s reduced selling activity out of fear of incurring losses. Per Santiment’s data, the coin’s negative Network Realized Profit/Loss metric indicates that many traders who sold their coins over the past week did so at a loss.

Hence, the desire to make gains on their investments has deterred many SHIB holders from selling, contributing to its price hike.

🔸 #SHIB Price Prediction: Profit-Taking Could Cause Decline

At press time, the meme coin trades at $0.000022. If selling pressure remains minimal and its whales intensify their accumulation, the Shiba Inu coin price will breach resistance at $0.000026 and revisit the $0.000033 monthly high.

On the other hand, if traders start to turn a profit and selling pressure strengthens, the meme coin could shed its recent gains and drop below $0.000021.

#Shibainu

📈 Why Is the Crypto Market Up Today?

The total crypto market cap (TOTAL) and Bitcoin (BTC) have noted decent gains over the past day, with the former rising by nearly $100 billion. DeXe (DEXE) made its mark among the altcoins today, nearly closing above $20 over the last 24 hours.

🔸 The Crypto Market Is In Green

The total crypto market cap surged by nearly $100 billion in the past 24 hours, reaching $3.34 trillion. Currently, TOTAL is holding above the critical $3.28 trillion support level, reflecting strong momentum and renewed investor confidence.

This recent uptick positions TOTAL closer to testing the $3.49 trillion resistance. To achieve this milestone, the market cap must first solidify $3.28 trillion as support and bounce off it. Securing this level would provide a strong foundation for continued growth in the near term.

However, failure to maintain $3.28 trillion as support could lead to a decline toward $3.10 trillion. Such a drop would erase the gains recorded over the past few days, emphasizing the importance of sustaining key levels to preserve market optimism.

🔸 #Bitcoin Celebrates A Major Milestone

Bitcoin is trading at $97,077, having successfully turned $95,668 into a strong support floor. The cryptocurrency is now nearing the critical $100,000 level, signaling renewed investor optimism and strong market momentum.

As Bitcoin celebrates 16 years since the Genesis block, this milestone has infused bullish sentiment into the market. The enthusiasm surrounding this historic event is contributing to BTC’s recent rise, highlighting its importance in driving confidence among investors.

On the other hand, if the current optimism fades, Bitcoin’s price could drop below $95,668, jeopardizing the bullish outlook. A decline to $93,625 could follow, highlighting the need for sustained momentum to maintain upward progress.

#Crypto #BTC

🔥 Dogecoin price stalls as #DOGE ETF approval odds fall

Dogecoin price remained in a tight range this week as Polymarket odds for a potential DOGE ETF declined.

Dogecoin (DOGE), the largest meme coin, rose by about 6% on Dec. 2, bringing its seven-day gains to 7.5%. However, the momentum may reverse as a Polymarket poll shows that the odds of the Securities and Exchange Commission approving a spot DOGE ETF this year dropped to 26%, down from a high of 50% last week.

In contrast, Polymarket users expect that the SEC will approve a Solana (SOL) ETF later this year, with odds being at 76%. The odds of a Ripple (XRP) ETF are at 70%.

The weaker odds for a DOGE ETF likely stem from the absence of an application by any financial services company. In contrast, WisdomTree, a $100 billion asset manager, has filed for a Ripple ETF. Additionally, the SEC has a Jan. 31 deadline to approve or reject Solana ETFs proposed by companies like Grayscale, 21Shares, and VanEck.

Still, there is a possibility that one or more companies will file for a Dogecoin ETF if the SEC, under Paul Atkins, shows flexibility on crypto funds. Such an ETF could see approval more easily, as Dogecoin is a proof-of-work cryptocurrency similar to Bitcoin.

DOGE also holds a significant position in the crypto industry, with a market cap of $50 billion—approximately $16 billion lower than MicroStrategy’s. MicroStrategy has multiple leveraged and covered call ETFs.

#Dogecoin price analysis

The daily chart shows that DOGE bottomed at $0.2635 in December and has since recovered to $0.3382. It has moved toward the 50-day moving average, while the Relative Strength Index is attempting to break above the descending trendline.

The Percentage Price Oscillator has formed a bullish crossover. Additionally, the accumulation and distribution indicator remains elevated, suggesting that investors are gradually accumulating DOGE.

#DOGE

⭐️ Why is Bitcoin Price Going Up Today?

The market has been showing signs of strength, especially with the recent break rally. This suggests that the bearish trend might be losing momentum, increasing the probability of an upward breakout. Altcoins are also looking promising, with several coins potentially completing their corrections and gearing up for the next upward movement in Q1.

Bitcoin is at a crucial juncture. The price is testing important resistance levels, and breaking above them could open the door for further upside potential. On the weekly Bitcoin chart, Bitcoin remains in a larger bull market. Although there has been a slight slowdown recently, it mirrors the pattern observed in 2023. In October of that year, a bullish crossover on the MACD preceded a significant upward move, which could potentially repeat itself.

MicroStrategy’s recent Bitcoin purchase is one of the main reasons behind Bitcoin’s recent surge. Led by Michael Saylor, the company continues to bet on Bitcoin’s long-term value. This rally is also part of a larger trend in the cryptocurrency market, fueled by factors like:

🔺 Institutional Interest: Big companies and investors are getting more involved in Bitcoin.

🔺 Clearer Regulations: More countries are providing clearer rules, making investors more confident.

🔺 Positive Economic Signals: Global financial concerns are driving people to Bitcoin as a safe asset.

🔺 Bitcoin as a Reserve: More companies are seeing Bitcoin as a valuable asset to hold for the long term.

🔸 What’s Next For #Bitcoin ?

Looking at the daily chart, Bitcoin has reacted to the 23.6% Fibonacci retracement level. This is an important support level, often seen in corrective phases. While it’s possible that Bitcoin’s current pullback might be complete, more evidence is needed before confirming this.

Bitcoin has not yet confirmed a local top. The recent rally started early yesterday, and it’s important to watch key resistance levels. The first key level to look out for is the previous swing high at $97,450.

#BTC

📊 Celsius Network appeals $2B disparagement claim rejection against FTX

Celsius Network filed a notice of appeal on Dec. 31, contesting Judge John Dorsey’s decision to disallow the bankrupt crypto lender’s $2 billion disparagement claim against defunct crypto exchange FTX.

The appeal, now slated for review in the District Court, marks the latest development in the ongoing legal confrontation between the two embattled crypto firms.

🔸 Allegations of disparagement

The appeal stems from Celsius’ assertions that defamatory statements made by FTX executives, employees, and affiliates negatively impacted the company’s reputation and financial health, allegedly accelerating its bankruptcy in July 2022.

Celsius contended that FTX’s public comments reduced confidence in its services, driving customers to withdraw funds and ultimately pushing the platform toward insolvency.

According to court filings, Celsius initially filed a $2 billion claim citing “unsubstantiated and disparaging statements” circulated by FTX insiders. However, FTX resisted the claim, arguing that Celsius’ assertions lacked sufficient evidence and fell outside the scope of bankruptcy claims.

🔸 Amended claim

In December, more than a year after the initial claim, Celsius amended its filing, reducing the requested amount to $444 million. This revised claim shifted focus to preferential transfers, alleging that certain payments made to FTX prior to its bankruptcy should be clawed back.

However, Judge Dorsey disallowed both the original and amended claims, citing procedural deficiencies.

The ruling highlighted that Celsius failed to seek court approval for the late amendment, ultimately sustaining FTX’s objection. Dorsey’s conclusion emphasized that the amended claim could not bypass procedural requirements, regardless of the substantive nature of the allegations.

The case highlights the fierce legal battles erupting across the crypto sector as firms embroiled in bankruptcy proceedings attempt to recover assets and mitigate losses.

#CEL #Celsius

📈 $XRP Is Up 11%, But Its Rival Is Dwarfing Its Gains

The price of #XRP , one of the biggest cryptocurrencies by market capitalization, has soared by more than 11% over the past 24 hours, according to data provided by cryptocurrency ranking site CoinGecko.

In fact, it is one of the best-performing cryptocurrencies, dwarfing the gains of such major altcoins as Ethereum (#ETH ).

This is a stunning start for the cryptocurrency that has been dominating throughout the fourth quarter. It recently secured its yearly close to date in December.

More than $7 million worth of #XRP shorts have been liquidated in 24 hours, according to data provided by CoinGlass. OKX, Binance, and CoinEx are the leading exchanges by the amount of liquidated crypto. Short positions account for nearly 80% of the wipeout.

🔸 XLM's eye-popping gains

Still, XRP's gains pale in comparison to those recorded by Stellar (XLM).

XLM has emerged as the best-performing token over the past 24 hours in the top 100, soaring by more than 100%.

The two tokens tend to move in tandem since investors tend to put them in the same mental basket.

Stellar was, of course, created by Ripple co-founder Jed McCaleb.

McCaleb recently explained that XLM was drastically different from XRP. The tokens have different features and consensus mechanisms.

🔸 Other top performers

Apart from XRP and XLM, several other altcoins have also secured impressive gains.

Algorand (#ALGO ) is up by more than 13% while Hedera (HBAR) is up by more than 9%.

Cardano (#ADA ) is also among the best-performing tokens over the past 24 hours.

⭐️ VeChain News: Tokenization and Carbon Markets—A Game-Changer for 2025

VeChain makes a strong prediction for the year 2025, stating that 2024 has already established a strong base for blockchain-driven transformation. It notes that real-world assets (RWA) tokenization has emerged as the key pillar of a new digital economy.

Tokenization, the process of converting assets into digital tokens, promises a future defined by efficiency, transparency, and rapid trading capabilities. According to VeChain, blockchain and tokenization offer a vital solution by integrating fragmented data streams, increasing transparency, and unlocking carbon markets’ potential as instruments for meaningful change.

“We see vast potential for blockchain and tokenization across all aspects of the modern economy,” the company noted, pointing to 2025 as a pivotal year for the crypto sector’s evolution. As reported by Crypto News Flash, tokenization is among the three key trends likely to take the crypto market to new heights.

Additionally, the VeChain-powered VeBetterDAO platform has been eyeing a major opportunity in the $16 trillion tokenization market, likely to grow over the next decade. VeBetterDAO is reshaping the future of sustainable assets by creating a platform where individuals, businesses, and non-profits can connect and align their sustainability initiatives.

Operating as a decentralized autonomous organization (DAO), the community also holds full control over decision-making, ensuring transparency and collective governance in advancing sustainable missions, reported CNF.

💬 2024 has truly opened the door to the blockchain revolution.Tokenization – the act of representing assets in all their forms as digital tokens – marks the start of a new kind of economy based on efficiency, transparency, and high speed trading.With almost every market.. — VeChain (@vechainofficial) December 30, 2024

#VET #VeChain

🐸 PEPE’s Rally Hits a Roadblock as Musk Effect Diminishes

Popular meme coin Pepe (PEPE) experienced a 12% price surge on Tuesday following Elon Musk’s move on X. He changed his display name to “Kekius Maximus” and adopted the Pepe the Frog avatar, referencing the online game Path of Exile.

However, this initial excitement has turned out to be short-lived. As the hype surrounding Musk’s actions begins to subside, PEPE has already started to shed some of its recent gains.

🔸 #PEPE ’s Short-Lived Rally: No Thanks to Elon Musk

On Tuesday, tech billionaire Elon Musk gave his X profile a new makeover, adopting the moniker “Kekius Maximus.” Musk replaced his profile picture with the ‘Pepe the Frog’ meme along with the new name, reimagining the character as a warrior clad in armor and wielding a video game joystick.

This move led to a surge in optimism around the PEPE meme coin, which drove its value by 12% during the trading period. However, this initial excitement appears short-lived, as the meme coin has initiated a decline. Over the past 24 hours, its value has decreased by 4%.

During that period, PEPE’s trading volume has rocketed by 31%. When an asset’s price declines while its trading volume surges, it may indicate increased selling pressure as more participants look to exit their positions. It signals that the price growth is driven by mere market speculation and not by actual demand for the asset and, therefore, not sustainable.

Moreover, the surge in PEPE’s spot outflows further reinforces this bearish outlook. According to Coinglass, over the past 24 hours, $6.34 million has been withdrawn from the spot market. This stands in stark contrast to the $45 million in PEPE inflows recorded on Tuesday.

When an asset experiences spot outflows, it means more of the asset is being sold or withdrawn from the market than bought. This signals a decrease in demand as investors or traders are moving their holdings away from the asset.

#PEPE #Pepecoin

⭐️ Here Are $XRP Price Predictions for 2025 as XRP Records Highest Ever Yearly Close

XRP has achieved a key milestone with its 2024 close, as analysts anticipate new heights in 2025.

For many in the crypto market, XRP is perhaps the comeback story of 2024. After years of underperforming the broader crypto market, the asset surged in 2024, nearing its all-time high and recording a significant milestone.

In 2024, XRP rose by over 370% from an opening price of $0.61511, briefly trading as high as $2.90550. While the asset could not beat its all-time high price of $3.84 from 2018, it demonstrated considerable strength.

Specifically, XRP closed the year at $2.07924, the first time it has closed above $2 in its history.

The strong momentum comes as many now anticipate that the asset will get greater regulatory clarity soon with the incoming Donald Trump administration, which has committed to establishing a pro-crypto policy.

Already, the president-elect appears to be following through with his campaign promises with several pro-crypto nominations to key offices, including Paul Atkins for the top job of the SEC.

With the turn of the new year, the question becomes whether XRP can build on its 2024 momentum. One analyst has attempted to answer this question using a key statistical indicator.

🔸 #XRP to $27 in 2025?

Prominent crypto analyst EGRAG recently offered key price targets for XRP in 2025 using the Linear Regression Channel indicator. This tool helps identify market trends and overbought/oversold conditions by establishing a mean value from historical time and price data, with channel bounds created at one standard deviation.

Combining this with Fibonacci extensions, EGRAG predicts XRP could reach the upper channel line in Q1 2025, targeting $6.4, aligning with the 1.618 Fibonacci level.

At the same time, he noted that a break above the upper bounds of the channel could send XRP’s price to the $8.5 price point, aligning with the 1.272 level of a second Fibonacci expansion.

🟣 Polkadot’s Mid-Term Correction Ends as Technical Patterns Align for a Breakout Toward $18-$20 in 2025

Polkadot’s (DOT) price shows signs of a bullish reversal with multiple technical indicators aligning. The 1D chart shows a Falling Wedge, a pattern that often signals strong price movements. This mid-term correction appears to be ending, setting the stage for a breakout.

💬 $DOT 1D chartThis mid term correction is coming to an endI like this Falling Wedge and I think DOT will break out of it. Standard Falling Wedge target is $9-9.5 but as you know I’m expecting BTC.D to collapse in Q1 So I think we should zoom out and aim higher🎯 My… — CryptoBullet December 31, 2024

🔸 #DOT Falling Wedge and Fibonacci Levels

The Falling Wedge pattern highlights weakening bearish pressure. Converging trend lines and reduced volume suggest a buildup in bullish momentum. The price is consolidating near the 0.618 Fibonacci retracement level, a critical support zone. This level often serves as a springboard for upward moves.

The 100-day moving average (MA100) sits below the price structure, offering additional support. A breakout above the upper wedge line could trigger a rally toward higher resistance levels.

🔸 Cup and Handle Pattern Adds Bullish Potential

Beyond the Falling Wedge, Polkadot is forming a Cup and Handle pattern on higher time frames. This rare formation suggests a long-term bullish outlook. The cup represents a rounded bottom, indicating accumulation, while the handle indicates a consolidation phase. If confirmed, this pattern could propel DOT to new highs in 2025.

The potential upside from the Cup and Handle aligns with the $18-$20 target zone. Historical data shows this pattern often leads to sustained rallies, especially in strong market conditions.

🔸 Initial and Extended Targets

The immediate target for the Falling Wedge breakout is $9-$9.50. This range coincides with horizontal resistance from previous price action. However, if Bitcoin dominance weakens in Q1 2025, altcoins like DOT could see accelerated gains.

🔥 BlackRock’s Bitcoin ETF tops rivals in 2024 net inflows

The iShares Bitcoin Trust brought in more than $37 billion in net inflows since launching in January, according to Farside Investors.

BlackRock’s spot Bitcoin BTC exchange-traded fund (ETF) clocked more than $37 billion in net inflows during 2024, outpacing its competitors, according to data from Farside Investors.

BlackRock’s iShares Bitcoin Trust (IBIT) netted more than three times the inflows of runner-up Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted nearly $12 billion in net inflows this year, Farside said in a Dec. 31 post on the X platform.

As the world’s largest asset manager, BlackRock also led the pack among Ether ETH ETFs. The iShares Ethereum Trust (ETHA) pulled $3.5 billion in net inflows during 2024, according to Farside. 

Fidelity Ethereum Fund (FETH) again notched second place, with $1.5 billion in net inflows.

“Fidelity is a closer second here, 44% of Blackrock’s total, compared to 31% in Bitcoin,” Farside said.

Overall, United States Bitcoin ETFs saw more than $35 billion in aggregate net inflows for the year. That equates to roughly $144 million in net inflows each trading day, according to Farside.

This figure factors in more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC), which the asset manager launched in 2013, initially as a non-listed trust.

Grayscale’s GBTC charges management fees of 2.5%. In July, the asset manager listed Grayscale Bitcoin Mini Trust (BTC) as a cheaper alternative. Its management fees are 0.15% annually.

🔸 Bitcoin #ETF dominance

Bitcoin ETFs were listed in the US in January after a lengthy tussle with regulators. 

The crypto market surged following Donald Trump’s victory in the US presidential election, as many believe his win will benefit the industry.

On Nov. 21, US Bitcoin ETFs broke $100 billion in net assets for the first time, according to data from Bloomberg Intelligence.

#BTC #BlackRock⁩

Bitcoin ($BTC ) Loses Support: 2025 to Begin With Crash? Shiba Inu ($SHIB ) Hits Critical Level, $XRP Struggles to Hold Above $2

Bitcoin's price performance as 2024 comes to an end worries investors. At the 50 EMA, a level essential to sustaining bullish momentum, Bitcoin has lost its main support. This break signals a substantial change in market sentiment and raises the prospect of additional declines as 2025 gets underway.

A bearish signal, the 50 EMA's loss could lead to more selling pressure, particularly if traders expect the downtrend to continue. The 200 EMA, which is around $76,160, and the psychological level, which is at $85,457, are the next important support levels. Even more severe drops may occur in the first quarter of 2025 if Bitcoin is unable to stabilize at these levels.

Recent trading session volume profiles point to waning market activity, which makes Bitcoin even more vulnerable. A recovery to retest the 50 EMA appears unlikely in the near future in the absence of strong buying pressure. Nonetheless, it might indicate a brief recovery and reestablish some market confidence if bulls are able to push Bitcoin back above the 50 EMA in the upcoming days.

Bearish momentum may not yet be exhausted, as indicated by the Relative Strength Index (RSI), which is trending lower while remaining in the neutral zone. Given the current lack of robust institutional or retail demand, the outlook is still cautious. The climate for Bitcoin is going to be difficult in 2025.

A strong catalyst is required by the market to prevent further losses, which could include technical recovery above critical levels such as $96,472, macroeconomic changes or renewed institutional interest.

🔸 Shiba Inu touches crucial level

Shiba Inu has touched the 200 EMA, which is regarded as a significant support threshold, marking a turning point in its market performance. Although support levels are usually seen as chances for a rebound, it is alarming when the 200 EMA is reached in this situation.

#BTC #XRP #SHIB

⚡️ Charles Hoskinson Delivers Bullish Cardano Price Forecast For 2025

Explore the latest Cardano price forecast for 2025 by Charles Hoskinson and why he expects it to be a pivotal year for the token

Cardano price had a fairly good performance in 2024 as it rose by 60%, pushing its market cap to over $30 billion. Charles Hoskinson expects that ADA will have an even better year in 2025, helped by numerous catalysts.

#Cardano Price Has Bullish year ahead in 2025 says Charles Hoskinson

ADA price jumped by 60% in 2024, helped by the broader rally in the cryptocurrency industry. However, its performance lagged behind that of its top peers like Solana, Chainlink, and Binance Coin, which more than doubled.

Hoskinson, Cardano’s founder, has predicted that the network will soar to heights never seen before. One potential catalyst for this is the incorporation of Bitcoin DeFi through the BitcoinOS network. Incorporating Bitcoin into Cardano’s network could unlock billions of dollars for the Cardano ecosystem.

Hoskinson also expects that Cardano’s midnight, partnerships, and dApp upgrades will help to supercharge the network. Just recently, Hoskinson hinted that Cardano would partner with SpaceX, the space company started by Elon Musk.

🔸 #ADA Technical Analysis

The daily chart shows that the Cardano price soared to $1.326 in December, up by 375% from its lowest level this year. It has slipped below the 38.2% Fibonacci Retracement level and the 50-day moving average. That is a sign that the coin has nearly completed its mean reversion, a situation where an asset returns to the average price.

On the positive side, the Market Value to Relative Value (MVRV) Z score indicator has retreated to 2.3. That is a sign that the coin is cheap since a crypto asset is normally said to be expensive when it moves above 3.8. This indicator is created by looking at the market value, the relative value, and the standard deviation.

Cardano has also formed a falling wedge pattern. The higher side of this pattern connects the highest swings since December 2.

Happy New #2025 Year, Wish you all THE BEST !!!! 🥂

#HappyNewYear

🐸 $PEPE Skyrockets 16% in Hours; Here Are Two Reasons

Frog-themed cryptocurrency PEPE has surged by 16% in the last 24 hours. PEPE surged from lows of $0.00001767 to highs of $0.0000214 in today's session, posting a significant green candlestick.

PEPE's price surge coincides with tech billionaire Elon Musk's recent activity on social media. Musk, known for his significant influence on the cryptocurrency market, changed his Twitter name to "Kekius Maximus," triggering attention from the online crypto community.

The Tesla CEO replaced his profile picture with the popular "Pepe the Frog" meme. In the new image, the Pepe character is seen holding a joystick. The character of Kekius Maximus is based on a little-known meme that combines the popular Pepe the Frog figure with the movie character Maximus from Gladiator.

The official X account of the PEPE coin responded by tagging the Tesla CEO: "Game on Elon Musk."

Although Musk did not directly reference PEPE, the timing of his name change on X coincides with PEPE's rally.

🔸 Two reasons for PEPE's rise

Musk's actions often have a profound impact on the market, and this instance was no different. The association with Pepe the Frog, a well-known internet meme, led to a surge in buying activity for PEPE, which drove the price up by over 16%.

Another reason that might have contributed to PEPE's price increase is its high level of social media engagement. According to LunarCrush, a platform that tracks social media activity for cryptocurrencies, PEPE is among the few cryptocurrencies experiencing a substantial increase in social mentions.

PEPE was up 18% in the last 24 hours to $0.00002077, and it was up 10% weekly as of this writing. PEPE began increasing from lows of $0.0000174 on Dec. 30 to intraday highs of $0.0000214 during today's trading session.

According to CoinGecko data, PEPE is up 1,467% yearly, reaching an all-time high of $0.00002825 on Dec. 9. The frog-themed cryptocurrency is currently down 26.41% from this high.

#PEPE #Pepecoin

🚀 $HBAR Struggles to Rally: Market Sentiment Dims Amid Bearish Trends

Hedera Hashgraph (HBAR) has struggled to maintain significant momentum, with its price action reflecting a bearish-neutral trend over the past month. Despite its potential, HBAR has faced difficulties rallying due to declining market enthusiasm.

Even long-time HBAR supporters appear to be pulling back as market conditions weigh on investor sentiment.

🔸 HBAR Traders Are Disappointed

HBAR’s Open Interest has dropped by $95 million in just six days, highlighting a notable decline in trader activity. This significant reduction reflects traders pulling their funds out of the asset, dampening liquidity and trading volume. The prolonged consolidation period is eroding confidence, reinforcing a bearish sentiment across the HBAR market.

The persistent lack of price movement has led traders to reduce exposure as expectations for short-term gains dwindle. This shift in sentiment has compounded bearish pressure, making it increasingly challenging for HBAR to build the momentum needed to stage a recovery. The asset remains stuck in a cycle of uncertainty.

Technical indicators paint a worrying picture for HBAR’s macro momentum. The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum strengthening after a brief pause, signaling increased selling pressure. This shift indicates that the downtrend may accelerate, further limiting HBAR’s ability to break out of its current range.

The bearish divergence is concerning, as it was expected to ease but has instead gained pace. This renewed momentum suggests HBAR’s price could remain under pressure unless significant bullish catalysts emerge. Without a reversal in macro trends, the altcoin may face additional headwinds in the coming months.

🔸 #HBAR Price Prediction: Arranging A Breakout

HBAR has been consolidating between $0.39 and $0.25 for over a month, struggling to break out of this tight range. With the current price at $0.27, the all-time high of $0.57 remains 109% away.

#Hedera

⭐️ Chainlink Price Rare Pattern Points To A 35% Crash

Explore why the Chainlink price could fall by as much as 35% after forming a death cross and a head and shoulders pattern on the 4H chart

Chainlink price has nosedived this month, and a rare chart pattern points to more downside as we enter into 2025. Despite its strong fundamentals, LINK has crashed by 35% from its December highs, mirroring the performance of Bitcoin and other altcoins.

🔸 #Chainlink Price Analysis: H&S Points To More Downside

The 4H chart shows that the LINK price rallied and peaked at $31 in December as Bitcoin and other altcoins rallied. It has formed a head-and-shoulders chart pattern and is now hovering at its neckline.

An H&S pattern is a popular reversal sign that comprises a head, two shoulders, and a neckline. In this case, the head was at $31, while the two shoulders were around the 23.6% Fibonacci Retracement level at $26.10. This pattern’s neckline is at the 50% retracement point and the weak, stop & reverse of the Murrey Math Lines.

Chainlink price also formed a death cross on December 22 as the 200-period and 50-period Weighted Moving Averages (WMA) flipped each other. Also, the Percentage Price Oscillator (PPO), which is a modified type of the MACD indicator, has moved below the zero line and is pointing downwards.

Therefore, these patterns point to a big drop in the next few days. The distance between the head and the neck is about 35%, while a similar distance from the neckline points to a #LINK price crash to $13.25.

Conversely, a move above the major S&R pivot point at $25, which is along the right shoulder, will invalidate the LINK price forecast. Such a move will validate the slow formation of a falling wedge pattern between December 24. A wedge is a popular bullish reversal pattern.

Chainlink price retreat has coincided with the ongoing retreat of other DeFi tokens like AAVE, Uniswap, and Compound.