đĽ Are 600 million GMT about to disappear? GMT could surpass XRP, AVAX, and DOGE đ
The recent burn of 600 million GMT tokens has put the entire crypto market on alert. This move not only reduces the circulating supply but also demonstrates the team's confidence in the future of GMT. But why could this strategy change the game? Let's break it down.
What does this burn mean for GMT? GMT, the central token of the STEPN ecosystem, has repurchased 600 million tokens and allocated them for community voting. If the majority decides to burn them, this will drastically reduce the supply, which could increase demand and, therefore, the price. Additionally, with a reward of 100 million GMT for participants, the community is strengthened.
My vote goes to XAI I see great potential in this coin for the next 24 hours. đ
đ Key reasons:
An increase of 11.80% in the last 24 hours, and an impressive 134% in 30 days.
It is in a bullish rally, with the current price at $0.4097, still far from its ATH of $1.596 (possible 4x if it recovers its peak!).
High volume: $196.10 million in the last 24 hours, indicating strong market interest.
Levels to watch:
Key resistance: $0.4292
Strong support: $0.3551
Do you want to participate too? link de la campaĂąa de binance square official Share your prediction of the coin that will rise the most in the next 24 hours using the hashtag #BinanceNextWave and join the campaign to win part of the 5,000 USDT in prizes! đ¤
Let's see if XAI leads the bullish wave tomorrow! đŽđ
đ Raydium Takes the Lead in DEX Volume: What's Driving Its Success?
Raydium led the way in trading volume among decentralized exchanges (DEX) in November, reaching $124.6 billion, outperforming Uniswap by 30%. This achievement is attributed to Raydium's dominance in the Solana ecosystem, where it accounts for over 60% of daily trading volume, driven primarily by Memecoin trading (65% of its volume).
The launch of Raydium V3 in March 2024 strengthened its infrastructure and attracted more users, consolidating its leadership in Solana and globally.
Is this a sign that Solana is positioning itself as a leader in the DEX market? đ
đĽ Historic Alliance! Binance and Circle join forces to boost USDC đđ. With 240 million Binance users accessing the stablecoin, global cryptocurrency adoption accelerates. đĄ
Are we witnessing the future of digital finance? đ¸ What impact will this collaboration have on the stablecoin industry? đ¤
đ§ Pudgy Penguins on the rise! đ The minimum prices of the popular NFT collection have reached 24 ETH (~$80,000), with a 9.3% increase in just one day. đĽ
Additionally, the Lil Pudgys are also rising strongly, recording a 25.1% increase in their minimum price (2.849 ETH). đđ¨ Is this just the beginning of their ascent? đ¤
đ¨ Trump leads the predictions for Time's 2024 Person of the Year! đ With an 80% chance, the former president is the clear favorite, followed by Elon Musk (9%) and other leaders like Netanyahu and Kamala Harris. đ Will he be the most influential figure of 2024? đ¤
đˇđ´ Crypto and politics in Romania: Bogdan PeČchir, a cryptocurrency entrepreneur, is being investigated for his alleged involvement in financing an electoral fraud that benefits the pro-Russian candidate CÄlin Georgescu. Authorities found $7 million in his residence and link $381,000 sent to TikTok accounts promoting Georgescu, who opposes NATO.
đľď¸ââď¸ Dark context: PeČchir is connected to BitXATM, a Romanian company involved in previous cryptocurrency scandals. His connection to the industry and his history of legal disputes raise suspicions about his involvement in the case.
đ Trump's Economic Policies: Growth Drivers or Risks to the Economy?
An analysis by JPMorgan indicates that the deregulation policies and tax cuts driven by Trump could stimulate economic growth and business confidence. However, a focus on tariffs and immigration could pose significant risks, affecting labor supply and trade.
đ A pastor accused of crypto fraud: The CFTC charges Francier Obando Pinillo, pastor and alleged CEO of the "Solano ecosystem," with a Ponzi scheme involving cryptocurrencies that defrauded $6 million from over 1,500 people, including members of his church. đď¸
đť He offered exorbitant returns through a fake trading bot, but according to the CFTC, the profits and accounts were fabricated. His influence as a religious leader was key to gaining the trust of victims, many of whom were Spanish speakers.
đ Gold on the rise: Goldman Sachs optimistic despite the strength of the dollar
The financial giant projects that gold could reach $3,000 per ounce by the end of 2025. đ Despite a strong dollar, the demand for gold ETFs from investors and strategic purchases by central banks reinforce its role as a hedge asset.
Elon Musk: the first human with $400 billion đđŞ
Elon Musk, the mogul behind Tesla and SpaceX, has become the first person in history to surpass $400 billion in net worth. This impressive milestone was reached thanks to the recent surge in Tesla's stock price, which rose 67% since November 2024, partly driven by Donald Trump's electoral victory, who has promised favorable policies for the tech and energy industries. Tesla's shares hit an all-time high of $415, further solidifying Musk's position as the richest person in the world.
đť Quantum Computing and Bitcoin: Although advancements like Google's Willow quantum computer raise concerns, its current capability (105 physical qubits) is far from representing a real risk to Bitcoin. đĄď¸
đ Bitcoin remains protected by its robust cryptographic design, and quantum-resistant technologies, such as Lamport signatures or soft forks, could be implemented if necessary. Meanwhile, secure practices like avoiding address reuse and migrating to SegWit are key.
đ Cardano in the spotlight: new rally towards $3?
Dan Gambardello, founder of Crypto Capital Venture, predicts that ADA could reach $3 in January 2025, based on technical analysis and historical cycles. đ Although the market remains speculative, the growing open interest in ADA shows renewed optimism.
âď¸ South Korea at a decisive moment: Legislator Kim Jae-seop breaks ranks with the ruling party to support the impeachment of President Yoon Suk-yeol. đđłď¸
With five ruling party legislators in favor, the National Assembly is nearing the threshold needed for the impeachment motion to advance. Could this move redefine the country's political landscape? đ #CoreaDelSur #Impeachment $WBTC $WBETH $WIF
The Consumer Price Index (CPI) data for November could mark a turning point in the Federal Reserve's monetary policy. đ If the figures support a possible rate cut, gold could benefit, as lower rates tend to increase its appeal as a safe-haven asset. đ
âď¸ Contrasting positions in the SEC: Stuart Alderoty, legal director of Ripple, supports the idea that commissioner Caroline Crenshaw could be more problematic for the crypto sector than Gary Gensler himself. đ While Gensler retreats in the face of the court ruling on Bitcoin ETFs, Crenshaw openly challenges the decision. A hurdle or a strong defense of regulations? đ¤ #Criptomonedas #Ripple #SEC $XRP
US inflation rises to 2.7% đ. What does this mean for the economy? đ
Inflation in the United States has risen to 2.7%, a rise that, although moderate, worries both economists and the Federal Reserve. Although this level is far from the peaks of 9% reached in 2022, it is still above the 2% target that the Fed considers ideal.
This rebound could reflect that the Fed's measures to control inflation, such as raising interest rates, are gradually working. However, persistent inflation above target could lead the Fed to maintain restrictive policies, which could cool the economy and reduce consumption.
đŽđł India moves towards the future with the digital rupee
Shaktikanta Das, in his farewell as governor of the Reserve Bank of India, highlights the digital rupee as key to transforming the country's economy. đ With pilot projects underway, the RBI positions itself as a pioneer in CBDCs, paving the way for a revolution in domestic and cross-border payments. đŚ
â ď¸ Haven Protocol under attack: A vulnerability in the âproof of range verificationâ has allowed the malicious minting of XHV, inflating the supply by up to 500 million tokens versus the audited 263 million. đđť