Dogecoin (DOGE) is expected to rise 91% in January: Price history reveals potential

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Dogecoin (DOGE), one of the most popular meme cryptocurrencies, may see a surprising 91% increase in January. According to data from CryptoRank, analyzing price trends over the past decade, DOGE has an average return of up to 91.5% in January. This trend has many cryptocurrency investors filled with anticipation.

Historical returns reveal potential, but volatility remains
Although DOGE was created in 2013, its most profitable month occurred in 2021 when DOGE's price skyrocketed by 711.5%. However, Dogecoin's performance has fluctuated since then. In 2023, it rose by 37.2% but also experienced two pullbacks. From a broader perspective, in the past 11 Januarys, only 5 closed in the green, while DOGE has a relatively high probability of declining in January. The median return for Dogecoin is -7.95%, indicating market uncertainty.

Ethereum may be the booster for DOGE's rebound
To support DOGE's potential rise in January, many analysts point out that the performance of Ethereum (ETH) and other mainstream altcoins will play a crucial role. Historical data shows that from January to May, the average return and median return for ETH are typically positive, with the lowest median return at 12.1%. This suggests that Ethereum may enter a strong altcoin season.

If Ethereum eventually shows strong momentum and kicks off the long-awaited altcoin season, Dogecoin is likely to follow suit with a similar upward trend. In this case, DOGE's upside potential would not be limited to January but could extend into the following months.

While DOGE's performance in January remains uncertain, historical data shows that it often exhibits strong gains during this month. If other altcoins like Ethereum perform well, DOGE is likely to have an opportunity for a rise. However, it remains unclear whether DOGE can break past historical limitations, and investors should stay alert and closely monitor market changes.

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Shiba Inu (SHIB) Burn Rate Surges 972%, Price Slightly Rises

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Shiba Inu (SHIB) has garnered attention due to its daily burn rate soaring by 972%. This astonishing increase aligns with a 3% rise in the price of SHIB tokens over the past 24 hours. Shiba Inu aims to enhance the scarcity of its tokens by continuously burning them, thereby potentially increasing their long-term value.

Burn Mechanism Aids in Enhancing Shiba Inu Scarcity

According to data from the Shibburn website, a total of 5,441,220 SHIB tokens were burned in the past 24 hours, with a burn rate surging by 972%. This action helps to gradually reduce the supply of SHIB in the market, creating scarcity which may positively impact the price.

As of the time of writing, the price of SHIB is $0.000022, having increased by 2.92% over the past 24 hours, with a weekly gain of 4%. This slight increase reflects the overall recovery of the cryptocurrency market.

SHIB Price Faces Resistance Level Challenge
Despite the rebound, the price of Shiba Inu remains below key resistance levels and requires sustained buying support to break higher price levels. Currently, SHIB is confined within a range between the daily 200 SMA and 50 SMA, at $0.0000187 and $0.0000259, respectively. To maintain the current rebound, Shiba Inu may need to break through $0.0000223, while stronger resistance lies at $0.000024.

Breaking through these two key SMA levels will be crucial for the future price movement of Shiba Inu. If the daily 50 SMA is broken, SHIB could see a revival, pushing the price towards $0.00003 or $0.000033.

Poor Performance in December, Market Focused on Future Trends
Despite a short-term recovery, Shiba Inu's performance in December has been disappointing, with a price drop of 18.59%, marking the first monthly decline since September. As we approach the end of 2024, the market will closely watch the next price movements of Shiba Inu, especially whether it can break through the current technical resistance levels and lay the groundwork for a new upward trend.

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Dogecoin Faces Pressure: Technical Charts Indicate Downward Risk

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Dogecoin's current market performance is under some pressure, especially as it hovers between two key price points, which adds uncertainty to its future trajectory. The latest technical chart patterns show a bearish crossover between the 50 EMA and 26 EMA, which is a common technical signal that typically indicates a strengthening downward trend. This change has raised concerns about whether Dogecoin can maintain its current price range.

Bearish crossover suggests market momentum is leaning towards sellers

The bearish EMA crossover indicates that the current market momentum has shifted towards sellers. If buyers fail to intervene in a timely manner, DOGE may face further selling pressure, and prices could decline further in the short term. However, if market sentiment turns positive, Dogecoin still has the chance to regain upward momentum. Therefore, despite the unclear outlook, DOGE still retains some rebound potential.

Support and resistance levels will determine DOGE's future direction

DOGE's current short-term trend will largely depend on the immediate support level of $0.28 (50 EMA). If the price stabilizes above this support level, DOGE may gradually regain its upward momentum. Conversely, if the support level is breached, DOGE may decline further, testing lower support areas.

Meanwhile, $0.35 is a key resistance level for DOGE. If the price breaks through this level, it would indicate a significant change in market sentiment, potentially igniting investor interest and driving prices higher.

Key in the coming days: Buying pressure and market sentiment
Currently, whether DOGE can stabilize and rally against the trend will depend on whether the market can provide sufficient buying support. Without enough buying pressure, DOGE's position may become more fragile, facing further downward risks. Therefore, traders and investors need to closely monitor the $0.28 support level and the $0.35 resistance level, as these will be key determining factors for Dogecoin's short-term movement.

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XRP Stable Performance: Key Support Levels Determine Future Trends

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XRP's recent performance has been surprising, as it remains above the key 26 EMA support level, demonstrating a degree of market resilience. This support level is crucial in preventing further price declines and acts as a buffer against potential downward pressure. Despite the general uncertainty in the cryptocurrency market, XRP's ability to maintain stability indicates that market participants still hold a positive outlook on the asset's value.

However, despite the encouraging stability, XRP lacks strong upward momentum, and market attention is gradually shifting to whether it can break out of the current stagnation period. If the 50 EMA approaches the current price level in the coming weeks, it will become a critical turning point. The convergence of the rising 50 EMA with the current price may provide strong technical support for a reversal and establish a more solid upward base for XRP.

Yet, the vulnerability of XRP cannot be ignored, especially in the absence of significant trading volume and market momentum. If the price breaks below the 26 EMA support level, XRP may face further downward pressure, potentially returning to lower support zones. As market uncertainty increases, investors and traders need to respond cautiously, closely monitoring the 26 EMA and the upcoming 50 EMA.

XRP's Future Trends: Hope for Recovery Amid Risks
Currently, XRP is still consolidating, showing a degree of resilience, but it also harbors uncertainty. Whether it can lay the foundation for recovery, or whether it might lose its current momentum, will ultimately depend on the market developments ahead. With the dynamic changes of the 26 EMA and 50 EMA, these technical indicators will provide important predictive signals for XRP's next movements.

Despite Bitcoin's recent stable trend, XRP's performance has instilled more confidence and attention in the market. For investors focused on the cryptocurrency market, the key support levels for XRP will be a critical factor in determining its future trajectory.

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Bitcoin (BTC) Trend Doesn’t Matter: XRP and Dogecoin (DOGE) Performances Are More Worth Watching

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Due to Bitcoin's lack of volatility over the past few days, the market is relatively stagnant and traders are confused about the future direction. Cryptocurrency prices have remained largely unchanged, indicating that neither market confidence nor trading volumes have increased significantly. Bitcoin has failed to break through key price levels over the past few weeks, leaving both bullish and bearish traders with little incentive to operate. This lack of activity suggests that Bitcoin is currently in an uncertain state and lacks traction.

Typically, trading activity in cryptocurrencies and other financial markets is lower during the last days of December and early January, resulting in less price volatility during this period. Market participants tend to remain on the sidelines, waiting for macroeconomic changes or changes in market sentiment that may be brought about by the beginning of the year. Especially in the absence of a major breakout or massive retracement, traders are clearly lacking interest in Bitcoin. Therefore, Bitcoin’s price action does not appear to trigger significant changes in the short term.

This stagnation is further exacerbated by a lack of trading volume, which is often a key factor in driving price changes in the market. In the absence of strong volume support, Bitcoin is less likely to break through key resistance levels or test new support zones. Therefore, the market is likely to remain on the sidelines in the short term until external factors such as macroeconomic events or changes in market sentiment bring new momentum.

In comparison, XRP and Dogecoin (DOGE) appear to be performing more prominently in the current market environment. XRP’s recent moves have been surprising, and market expectations for its future are relatively optimistic. At the same time, Dogecoin is also at a key market juncture and may usher in a new round of gains in the coming months. Overall, Bitcoin’s trend is currently relatively flat, while XRP and Dogecoin are attracting more market attention.

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Dogecoin is about to surge significantly: Will $1.40 be the next stop?

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Over the past year, Dogecoin has experienced highly volatile market conditions, first soaring nearly 250%, followed by a significant pullback. Despite this, the token has shown strong recovery momentum during the rebound, bouncing back 30% from a low of about $0.26. This indicates that Dogecoin still maintains a strong market position in the ever-changing cryptocurrency market. Key factors for its recovery include increased adoption and enhanced community support.

According to technical analysis, Dogecoin has broken through the Fibonacci retracement level of 0.618 and is expected to continue rising. The current price range has broken through and continues to hold strong support, particularly around $0.26, where many traders view it as an ideal buying point. Analysts believe that Dogecoin is still gathering upward momentum and anticipate that it will soon reach new highs. If the bullish trend continues, the price of Dogecoin could break through $1.40, which would have a profound impact on the token and its community, marking a whole new milestone.

Rexas Finance approaches $33 million presale target: Early investors poised for huge returns

Rexas Finance (RXS) is currently in the 10th phase of its presale, with each token priced at $0.150, and the next phase will rise to $0.175. For early investors, this is a highly potential investment opportunity. The project has raised over $31 million in a short time, with a target amount of $33 million, and nearly 372 million tokens have been sold (total issuance is 380 million tokens). Additionally, Rexas Finance has been listed on platforms such as CoinMarketCap and CoinGecko and has passed a comprehensive audit by Certik, ensuring transparency and security for investors.

Rexas Finance focuses on the application of real-world assets (RWA), and the strong performance of its presale has made the project a hot choice in the cryptocurrency market. The project's success further enhances investor confidence, especially in the context of the increasing integration of blockchain technology with traditional finance, with Rexas Finance seen as a promising investment opportunity.

Rexas Finance: Will this be your chance to achieve an 18,540% return on investment?

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Dogecoin is expected to break the new high of $1.40, with competing tokens targeting a growth of 18,540%

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According to current analysis, Dogecoin (DOGE) is expected to break its all-time high of $1.40, with the current trading price at $0.32322 and a 4% increase in the past 24 hours. As its competing token Rexas Finance (RXS) gains more attention, there is potential for Dogecoin's price to soar by 18,540%. Rexas Finance focuses on Real World Assets (RWA) and is currently in the 10th phase of its presale. The project has raised over $31 million in just a few weeks, progressing rapidly and becoming the headline of the crypto market. In comparison, other projects typically take years to reach similar funding levels.

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BTC Price Overview:

As of the time of writing, the trading price of Bitcoin is $95,173, up 0.93% in the last 24 hours. However, the trading volume has decreased by 53.76%, with the current volume at $24.76 billion.

2024 is relatively pessimistic for Bitcoin, but market sentiment remains optimistic. Analysts generally believe that a price adjustment of 20-30% is part of a bull market, and this is expected to lay the groundwork for a stronger price rebound. As 2025 approaches, breaking through the key resistance level of $100,000 is still seen as a core factor in triggering another round of increase, with target prices potentially reaching as high as $350,000 in the new year.

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XRP trading volume surges by 87%, will the price rise accordingly?

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After a week of decline that caused XRP's price to drop over 6%, the token seems to be showing initial signs of a rebound. As of the time of writing, according to CoinMarketCap, XRP's 24-hour trading volume has increased by 87%, reaching $4.57 billion. With the increase in liquidity, XRP seems to have the foundation to respond to changes in demand.

Signs of XRP price rebound

After breaking $2.86 on December 3, XRP experienced a period of decline. Although there were some brief rebounds during this period, the overall market sentiment in the past week still leaned bearish. However, the situation is changing, and early signs of support in the market are gradually emerging. In particular, the increase in trading volume could serve as a catalyst, pushing XRP towards a long-awaited rebound.

As of now, XRP's price has dropped 4.86% in the past 24 hours, down to $2.08. Although the price has declined, this level also indicates that the token's loss positions are gradually decreasing, which may suggest that the market bottom is close.

Support and market recovery

Other technical indicators also suggest that XRP is ready to recover its market losses. According to CoinGlass, XRP open interest has increased by 2.66%, with more than 950 million XRP currently in the futures market on exchanges. From the current market outlook, XRP may have formed the necessary support level around the $2 mark, with the next target being to break through the $2.25 resistance zone.

Fundamentals remain strong

In addition to the technical aspects, XRP's fundamentals also support its recovery. With Ripple Labs launching the RLUSD stablecoin, the XRP ecosystem is continuously expanding. Company executives reiterated that XRP and RLUSD will complement each other and jointly drive liquidity supply. This means that XRP not only has potential in payments and cross-border transfers but may also play an increasingly important role in other financial sectors.

Moreover, the ongoing development of the XRP ledger has led to a new wave of decentralized applications (dApps), promoting the adoption of the XRP market. These new projects not only help enhance XRP's ecological value but may also further stimulate the growth of token demand.

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Bitcoin rebound? Here are the key levels to watch

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According to the latest predictions from cryptocurrency analyst Ali Martinez, Bitcoin may be on the verge of a rebound. However, the leading cryptocurrency is currently in an important price range that is crucial to the bullish or bearish outcome of the market. Bitcoin must stay above $93,400 to maintain its bullish momentum.

In an X video released on December 28, Martinez mentioned that certain market indicators show that Bitcoin is expected to usher in a price recovery. He pointed out that Bitcoin has formed a bullish divergence with its relative strength index (RSI), which is usually a classic bullish signal that downward pressure is fading and a price reversal may be imminent.

In addition, $95,300 is a key price level with about $14 million in potential liquidations in the market. Martinez believes that market makers may pay attention to this price range because a large part of leveraged trading positions are concentrated in this range. Market makers typically try to eliminate these leveraged positions, thereby increasing market liquidity and volatility, and they may also use these positions to trade at more favorable prices.

Another signal supporting Bitcoin's rebound is that the proportion of long traders on the Binance exchange increased from 53.12% to 64.04%. This means that more and more Binance traders predict that Bitcoin prices will rise, and Martinez believes that these traders have a good historical performance.

Since Martinez posted the video, Bitcoin has broken through $94,800, which is considered a key resistance level for the rebound. Currently, Bitcoin is expected to continue to rise, with a target price of $95,600 and even $98,373 in the short term.

However, market experts remind that Bitcoin is at a critical moment. A break below the $93,400 support level could lead to a further drop in price, with a target of $84,000 or even a lower $70,000. This means that the price of Bitcoin could fall 25% from current levels.

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Despite concerns in the market, top analysts still predict that the price of XRP will soar - here are the reasons

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Due to the uncertainties facing XRP in the market, renowned analysts predict that the token is about to experience a explosive rebound. Armando Pantoja, a member of the Benzinga Cryptocurrency Advisory Council and an IBM Blockchain Award winner, believes that despite the current slowdown in XRP's growth, its future potential remains significant and hard to ignore. Amidst doubts about XRP's future from many, Pantoja's steadfast prediction has drawn widespread attention.

So, what makes Pantoja so confident in XRP's future? We can find the answer by analyzing XRP's recent performance. In November of this year, XRP experienced a strong increase of 284%, but this increase has gradually slowed down with the consolidation of the entire cryptocurrency market. The market's range-bound period has created uncertainty for some investors, leading to partial profit-taking. Nevertheless, Pantoja continues to firmly signal to investors - keep believing in XRP's potential.

According to the latest data, the XRP reserves on Binance have increased from 2.79 billion on December 16 to 2.93 billion. This increase indicates that a large number of traders are still active, preparing for the upcoming sell-off. Despite this, Pantoja encourages investors to maintain their confidence.

Looking back at XRP's performance, we can see that although the performance during the 2021 bull market and the early stages of the current market cycle has made many uneasy, Pantoja believes XRP still possesses strong potential. For example, renowned analyst Raoul Pal had warned XRP investors that they might miss the current market rebound and advised them to seek other investment opportunities. Even though Trump's brief impact on market sentiment toward XRP after the 2024 election sparked optimism, that sentiment quickly faded.

While some analysts predict that XRP could reach highs of $27 or $33, many remain skeptical. Nevertheless, Pantoja remains optimistic about XRP's prospects, pointing out that during the 2017/2018 cycle, XRP experienced a significant surge. At that time, XRP's price in January 2017 was only $0.003, while other crypto assets saw significant increases.

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Based on fractal analysis and Fibonacci extension levels, Dogecoin (DOGE) may indeed be heading for a parabolic rally similar to the past few. The current corrective phase may be setting the stage for the next rally, which could be significant.

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Interpretation of Fractal Patterns and Prediction of Bounces
Fractal Pattern Review:
Past rally cycles have shown that Dogecoin’s price typically follows a very strong parabolic rally following a correction. This rebound pattern usually means that prices rise rapidly from lows, forming a sharp upward trend.
The current corrective phase – down from price $0.48 to $0.326 – is similar to the corrective phases of previous cycles, setting the stage for a possible rebound.

Fibonacci Extensions and Target Prices:

The key to the fractal pattern is that if Dogecoin breaks out of the current correction pattern, its price is expected to test the range between the 1.618 Fib extension at $4 and the 2.272 Fib extension at $23. Based on historical trends, both price points are considered potential target areas:

$4 (1,126% rise): If the Dogecoin price rises to $4, it would represent a rise of approximately 1,126% from current price levels. This price point is located near the first Fibonacci extension level and is consistent with historical rebound patterns.
$23 (6,955% upside): If Dogecoin can continue to break out and reach higher targets, the price could rise to $23, implying a rise of 6,955%. This point is close to the 2.272 Fibonacci extension level, which typically occurs during extremely strong market moves.

Support for market sentiment and price rebound:

Dogecoin’s price is highly volatile, especially in the “meme coin” market, where price changes are driven by social media buzz and investor sentiment. If the social media push and market enthusiasm picks up again like it did in 2021, Dogecoin has the potential to achieve such explosive growth.
The price targets indicated by Fibonacci extensions suggest that Dogecoin has significant upside potential and could even surpass its all-time highs if market sentiment and inflows remain positive.

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Dogecoin Fractal Suggests Explosive Rise: Price Target Between $4 and $23

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Dogecoin (DOGE) has indeed experienced several significant price increases and corrections, particularly due to its status as a meme coin, making it very volatile in the market. Based on technical analysis and historical fractal patterns, Dogecoin may continue to exhibit unexpected capabilities, potentially reaching new price highs.

Fractal Analysis and Dogecoin Price Trend
Historical Rebounds and Price Breakthroughs:
Dogecoin's historical trend shows a distinct "fractal pattern," where similar price movements repeat over different time periods. This fractal behavior is often considered a strong signal in technical analysis, indicating that similar price movements may occur in the future. In key periods in 2013 and 2017, Dogecoin experienced an initial breakthrough followed by a price correction, and then set a historical high in a strong market rebound. Particularly in 2021, Dogecoin's price broke through historical highs again, reaching a peak of $0.7316.

Current Fractal Pattern:
Currently, Dogecoin's price is in a similar "fractal correction" phase. Recently, Dogecoin's price dropped from $0.48 and broke through the long-term support level of $0.35. This correction is approximately 45.8%, similar to the correction performances of previous cycles.
Based on fractal analysis, although it is currently in a correction phase, historically similar corrections often accompany strong rebounds, leading to higher price peaks.

Future Price Prediction:
If Dogecoin's historical fractal patterns continue to hold, analysts predict its price could reach a range between $4 and $23 in the coming months or years. This prediction is based on the price increases of Dogecoin during previous bull markets and the projections of Fibonacci extension levels.
Notably, the price breakthroughs in the first two breakout cycles corresponded with the 1.618 Fibonacci extension level and the 2.72 Fibonacci extension level, indicating that Dogecoin's long-term price potential may continue to exceed expectations.

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Solana Co-Founder Sued by Ex-Wife Over Millions of Dollars in Staked SOL

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Solana co-founder Stephen Akridge is facing a lawsuit from his ex-wife Elisa Rossi, accusing him of secretly stealing millions of dollars in staking rewards from the Solana (SOL) tokens stored by Rossi after their divorce. The case involves Akridge using his expertise in the cryptocurrency field to continue controlling and staking Rossi's SOL tokens, thereby obtaining undeserved rewards.

Key Details:
Dispute Over Divorce Agreement:
The divorce agreement reached by Akridge and Rossi in March stipulated the division of their ownership of SOL.
Rossi alleges that Akridge continued to profit from her tokens through "staking rewards" after the divorce agreement, which should have belonged to her.

Secret Staking:
Rossi claims that Akridge only granted her Solana wallet access to three accounts containing SOL, allowing Akridge to continue staking her tokens and earning rewards without her knowledge.
This behavior was not discovered by Rossi until May 2024.

Amount and Case Details:
The lawsuit documents do not specify the amount of stolen SOL but mention that "the amount in question exceeds $25,000."
These staking rewards occurred between May and December, during which Rossi repeatedly inquired about the staking rewards but received no response, to which Akridge disdainfully replied, "Good luck getting those staking rewards from me."

Market Performance of Solana:
Solana's recent market performance has been very strong, especially in 2024, with the price of SOL rising over 80% and reaching an all-time high of $263 last month. The cryptocurrency has become the source of many popular crypto trends this year, particularly trends related to memecoins.

Background:
Staking Mechanism of Solana: Solana allows users to verify blockchain transactions and earn rewards by staking their SOL, which is one of the key factors driving the growth of the Solana network.
Background of Akridge: Akridge is one of the co-founders of Solana Labs and currently serves as the CEO of cybersecurity company Cyber Grant. He previously served as the chief engineer at Solana Labs and made significant contributions to the company.

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December 30 XRP Price Prediction

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The price trend of XRP is currently in an uncertain state, lacking clear trend or reversal signals. Currently, XRP is fluctuating within a possible triangular pattern, but whether it will break upwards or downwards remains uncertain. At this stage, the trading price of XRP is approximately $2.10.

Impact of Bitcoin on XRP:

The recent decline in Bitcoin may exert downward pressure on altcoins including XRP. Nevertheless, XRP is currently within the support range of $2.04 to $2.21, which provides some support for the price but is not sufficient to confirm a reversal or significant price change.

Price Targets and Key Levels:

If XRP continues to consolidate, it may rise within the $2.21 range, approaching $2.50. However, there are currently no clear signals indicating that the price will break out of this range.
If the price falls below the $2.04 support level, it may lead to a deeper decline, with the next support potentially at $1.80.

Blue Scenario:

If it falls below $2.04, the possibility of a price pullback increases, with support levels at $1.80, $1.63, and $1.53. If it declines further, it may approach the $1.36-$1.39 range, where a strong buying response may occur.

Short-Term Analysis (Coinpedia):

The price of XRP is near the key resistance levels of $2.2857 and $2.2821, indicating significant pressure above. Further resistance levels are at $2.2442 and $2.2131, while the retracement level is near $2.1807, close to the 38.2% level of the 4-week low. The pivot point is $2.1648, with the latest price at $2.1037, indicating a slightly bearish market sentiment.

Currently, the outlook for XRP remains cautiously neutral. If the price maintains above $2.0958, it may attempt to break higher resistance levels; however, if it falls below $2.0707, it may face further declines, with the next key support level near $2.0475.

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SUI for next year

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Based on current market sentiment and technical indicators, the price of SUI may experience some correction. Despite the increase in the past 24 hours, the ratio of long to short positions indicates that short positions outnumber long positions, suggesting an increase in bearish sentiment in the market, which may lead to a price correction. In terms of technical analysis, the downward trend of the Money Flow Index (MFI) and Chaikin Money Flow also indicates increased selling pressure. If a correction occurs, SUI may drop to the support level of $3.37. However, if the bulls can maintain momentum, SUI may continue to rise, with a target close to $4.7.

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SUI: $4.23 or $3.37, where will the token price go?

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The SUI (Sui) token has recently seen a certain rebound, with the price rising over 5% in the past 24 hours, currently trading at $4.23, with a market cap exceeding $12.38 billion. However, this upward trend may face challenges, especially in the context of declining trading volume and reduced social activity, which are often signs of weakening market sentiment.

Famous analyst Ali Martinez points out that on the dYdX platform, 77% of traders are betting on SUI's price increase, providing a bullish signal for the market. But at the same time, declining trading volume may suggest bearish pressure on the rebound, especially as market sentiment cools.

If SUI can maintain its current price level or continue to break through resistance levels, it may attract more investors to push for further increases. However, if the price fails to stay above $4.23 and shows a downward trend, it may fall back to around $3.37.

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Today's Biggest Cryptocurrency Decliners

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Bitget Token (BGB):
BGB has become the biggest decliner today, dropping about 20% in the last 24 hours. Its price reached a low of $6.01 and a high of $7.85 in the past 24 hours, with trading volume surging by 47% to $1.34 billion.

Chubby Penguin (PENGU):
PENGU's price has decreased by 10%, currently trading at $0.032, with a low of $0.031 and a high of $0.036 in the last 24 hours. Despite the recent drop, PENGU has soared by 500% in the past month, indicating strong short-term growth.

Other Significant Decliners:
Movement (MOVE): Down about 5% in the last 24 hours, showing a slight price correction.
OKB: Also down about 5%, exhibiting a similar price trend.
Beam (BEAM): Also down about 5%, reflecting a certain price decline like other altcoins.

Other Market Dynamics
Bitcoin Price: On the hourly chart, Bitcoin's price has decreased by 0.23%, indicating a short-term downward momentum.
Other Altcoins: Most major altcoins have also shown a downward trend in the past hour, with a decline of about 1%.

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Today's cryptocurrency market shows some downward pressure, especially with significant declines in tokens like Bitget and PENGU. Nonetheless, certain tokens still exhibit strong short-term performance, particularly in terms of gains over the past month.

December 30 Cryptocurrency Market Overview: Bitcoin Hits Monthly Low, Altcoins Continue to Decline

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Today's cryptocurrency prices show that Bitcoin (BTC) is near a monthly low, while major altcoins continue to face pressure, reflecting a bearish sentiment across the market. As Bitcoin declines and Tether (USDT) faces regulatory pressure, market sentiment has become more uncertain. Despite this, FTX Token (FTT) rose today, becoming the biggest gainer in the cryptocurrency market.

Market Dynamics and Major Events
Bitcoin (BTC) price fell below $94,000, hitting a monthly low. Nevertheless, Michael Saylor's post on X suggests he will continue to accumulate Bitcoin, sparking interest among some investors. In the past 24 hours, Bitcoin's price decreased by 1.3%, closing at $93,400, with trading volume surging by 40% to $32 billion.

Ethereum (ETH) price increased by 1%, currently trading at $3,421. Despite the market slump, ETH's price remains relatively strong. Ethereum's ETF saw a weekly inflow of $349 million, ranking second after Bitcoin's ETF.
FTX Token (FTT) rose by 10% in the past 24 hours, trading at $3.75. This increase is related to FTX's announcement that it will begin processing claims starting January 3, 2024, with expectations to repay $16 billion in cash.

Major Cryptocurrency Prices
Bitcoin (BTC): Price at $93,400, down 1.3% in the past 24 hours. The 24-hour low was $93,079, and the high was $95,341. BTC's ETF recorded an inflow of $387 million last week, indicating a resurgence of institutional interest in Bitcoin.

Ethereum (ETH): Price at $3,421, up 1% in the past 24 hours. The 24-hour low was $3,327, and the high was $3,434. Despite analysts warning that Ethereum may drop to $2,600, ETH's ETF remains strong.

XRP: Price at $2.12, down about 3% in the past 24 hours. Its 24-hour low was $2.076, and the high was $2.197.

Solana (SOL): Price at $192, down 1% in the past 24 hours. The 24-hour low was $188.73, and the high was $197.59, showing slight volatility.

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RWA Tokenization Explosion: TVL Increased 58 Times in Three Years, Usual and Hashnote Lead Growth

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The Real World Assets (RWA) sector has experienced rapid growth over the past three years, with Total Value Locked (TVL) skyrocketing to 58 times its previous value, currently totaling $8.217 billion, setting a new historical high. According to the latest data from DeFiLlama, TVL has increased by $1 billion in just the past seven days, showing strong growth momentum.

Major Drivers

Stablecoin issuer Usual and decentralized finance (DeFi) investment management platform Hashnote are the main drivers of this growth. Data shows that Usual and Hashnote achieved growth rates of 65.65% and 65.58% respectively over the past week, raising their TVLs to $1.445 billion and $1.497 billion.

Over the past 30 days, Usual's TVL surged by 230%, while Hashnote increased by 217%. Together, they contributed over 35% of the locked assets in the RWA sector. Usual's strong performance is also attributed to a recent $10 million raised in Series A funding from Binance Labs and Kraken Ventures. Additionally, Usual's governance token reached a historical high, partly due to rumors about a hacker breaching the account of Vivek Ramaswamy, the head of the Department of Government Efficiency (DOGE), and spreading false cooperation news.

Performance of Other Platforms

In addition to Usual and Hashnote, platforms such as Nest Staking, MatrixDock, Franklin Templeton, and Ethena also performed well. Nest Staking's TVL grew by 58% within a week, reaching $66.24 million. MatrixDock operates on two chains, with a growth rate of 48.18%, while Ethena rose by 12.38%.

Ongoing Challenges

Despite the positive performance of most platforms, not all protocols experienced the same growth. Data shows that platforms such as Solv Protocol, DigiFT, Danogo, KlimaDAO, and Fortunafi faced varying degrees of decline.

In the past week, Danogo suffered the largest loss in TVL, dropping by over 15% to $4 million. Among larger market projects, Solv Protocol saw the most significant decrease in locked value, falling over 10% to finish at $712.81 million. In the 30-day timeframe, Maker RWA experienced the largest decline, with a negative change rate of 65%, bringing the value of its managed assets down to $290.7 million.

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