If ADA holds this critical support level, Cardano price will reach $1.45
Cardano’s price has caught the attention of investors today, rising by more than 3% following recent volatile trading. The surge in ADA comes as the broader cryptocurrency market has seen a recovery following recent volatile trading. Amid this, a top market expert recently stated that ADA could be poised to reach $1.45 if the cryptocurrency is able to hold key support. Cardano price surges amid overall market recovery The cryptocurrency market has been experiencing volatile trading over the past few days, which has affected investor sentiment. Top altcoins such as Solana, XRP, ADA, and others have also been hit by the recent market volatility. Moreover, this has also raised concerns about the future of the altcoin season.
The current approximate date is around December 30th. To discuss the impact: First, USDT is currently the most widely used and largest stablecoin. Its delisting may have a certain impact on liquidity in the European market, especially for users who rely on USDT for trading. In the short term, the price of U may experience a slight decline. If there is an opportunity for it to drop to around 7, one might consider buying some U for arbitrage.
Second, as a stablecoin, USDT's value is constant, which may create a slight bearish impact on the overall market, but it won't be significant. After all, it's just being delisted in the EU region and only on Coinbase for now. Unless USDT loses its peg, which could directly lead to a bear market phase, that scenario is unlikely in the short term.
Third, market legality and compliance are being brought back into focus, and some regulatory-related sectors may be stimulated.
Tonight, the US stock market will be open as usual, and various institutions are predicting that after the holiday, the main capital will return, and the price of Bitcoin will quickly rise above 105,000. However, during the day today, the market collectively pulled back, indicating that retail investors in Asia are very cautious. I believe this drop is reasonable because tonight is a key point for determining direction. Don't be fooled by the market's recent performance; Bitcoin has been fluctuating around 100,000, and various altcoins are in a frenzy. But you must understand that the market doesn't reverse for no reason, especially in the first four trading days before Christmas, where Bitcoin ETFs experienced a total outflow of 1.5 billion USD. This means that if no more positive news appears, there may still be capital outflow tonight. ETF outflow indicates off-market capital's cautious sentiment, so tonight's opening is very critical. The altcoins have also followed the main market down. Apart from the platform coin sector where BGB and GT are hitting new highs against each other, causing the entire sector to explode, other sectors are in a state of broad decline. It is said that recent ETF focus is on Bitcoin and ETH, but this doesn't change the fact that this afternoon, the altcoin army also pulled back. Strong coins like SOL, SUI, HBAR, LINK have also lost independent market movements. The keyword for today is broad decline. However, at this point, it is actually a good opportunity for reallocation. Most altcoins have similar declines today, making this a good chance to exchange inferior assets for superior ones. Moreover, many projects with poor liquidity tend to see improved trading volume and liquidity during downturns, making it easier to offload and cut losses. How to distinguish between quality and inferior altcoins? Quality altcoins are easy to find, and you don't even have to look for them yourself; various institutions have already listed them for you. Presidential Select: LINK, AAVE, ENA, ONDO; BlackRock Select: ONDO, CRV, ENA, APT; Grayscale Select: ZEN, ZEC, XLM, LPT, MANA, ETC. These are the highest quality assets needed in the near future or even next year. Next is the ecological sector; the three strongest sectors next year will definitely still be AI, RWA, and DeFi. Finding the leaders in this area to invest in will definitely avoid pitfalls.
IMX: Currently performing moderately, it will still fluctuate with the market in the near term. The entry point for the hourly level pullback range is 1.45, and additional buying around 1.38 during the dip,
BONK: Robinhood launched bonk, the timing is not good, it's not a big deal, but it will probably be very strong after market confidence is restored, I'll copy a little and see how it goes~
Eth: Last night we bought in at 3400, currently the price still seems a bit high, there is still a slight downward demand in the short term, pay attention to these two points below: 3322, 3250. During the day, just focus on the high point of 3464 here. If it breaks above, stabilize at 3700 to start charging forward.
You can consider buying the three musketeers of ordi, sats, and rats. Others are panicking, but I am greedy. This little wind and wave can't scare us away. #加密市场回调
Binance announces significant updates for ME, CAKE, and these 5 cryptocurrencies, what’s next?
Binance announces significant updates to leverage and margin tiers for major cryptocurrencies, including Magic Eden (ME), PancakeSwap (CAKE), and five other cryptocurrencies. Notably, other cryptocurrencies include Mines of Dalarnia (DAR), IOTA (IOTA), Livepeer (LPT), Harmony (ONE), and Horizen (ZEN). It's worth noting that these updates from a leading cryptocurrency exchange have caught the attention of investors, as such updates typically affect market sentiment. Binance updates the leverage levels for major perpetual contracts. Binance Futures has launched new leverage and margin tiers for certain USDT perpetual contracts, aligning its products with market dynamics. This update introduces adjustment tiers for DARUSDT, MEUSDT, CAKEUSDT, IOTAUSDT, LPTUSDT, ONEUSDT, and ZENUSDT.
After Trump takes office, there is a high probability that cryptocurrencies and securities will be completely separated. Many people may not know this. For example, the UNI project team once thought about distributing dividends to UNI holders, but US law stipulates that once you distribute dividends, you are a security, which will bring a series of legal problems. Therefore, many project teams dare not empower tokens even if they want to, so as not to cause trouble. In the end, tokens can only be reduced to voting points. If the Trump administration can solve this problem, the era of cryptocurrency will truly begin. I am excited just thinking about it. #市场调整後的机会?
If ACT is ai+meme, then this is meme+NFT. Its official website is npc.com, and generally, those with such websites are not lacking in funds. Recently, they have been following trends to work on ai+agent.
NPC has currently been listed on Bitget and Gate.io. Currently, there is a certain risk involved in entering during this 4-hour consolidation phase. Having funds does not necessarily mean that the project has strong backing. It is advisable to track positive news and choose trading expectations.
Bitcoin and altcoin prices have performed well this year, and this trend is expected to continue in the first quarter of 2025. The Fed's rate cuts, the upcoming Trump administration, and the continued momentum will affect this performance. Therefore, here are some of the top altcoins to avoid selling before January 2025. Why You Should Avoid Selling Altcoins Before January January is typically a weak month for Bitcoin and other altcoins. Since 2013, Bitcoin’s average return in January has been 3.35%, while the median is 0.25%, according to CoinGlass. Since then, Bitcoin has had six Januarys with negative returns.
Binance Fixes Pudgy Penguins (PENGU) Token Issue and Surprises with Airdrop
Binance has resolved the data issue affecting the listing of Pudgy Penguins PENGU token, which led to inconsistencies in market data. The issue stemmed from CoinMarketCap's delayed update of token information, affecting the token's market capitalization and fully diluted valuation. However, the platform quickly addressed the issue and announced an airdrop of 135 million PENGU tokens to eligible users. This move aims to compensate users who faced challenges due to the issue. Binance resolves PENGU token data issue through airdrop On December 18, Binance announced that it had resolved the data issue concerning the listing of Pudgy Penguins (PENGU) token on the exchange. The problem originated from a delay in updating critical data points provided by CoinMarketCap, such as market capitalization and fully diluted valuation. This led to discrepancies in the displayed information for Pudgy Penguins. The exchange quickly identified the problem and notified CoinMarketCap, which subsequently updated the data.
PHB: At a price of 1.83, you won't suffer losses or be deceived. After wld and fet, the AI series has become a hot topic. The weekly correction is in place, so if you don't enter the market now, when will you?
2025 Cryptocurrency Bull Market: What’s Next for Bitcoin and Altcoins?
The cryptocurrency market is gearing up for an exciting 2025, with Bitcoin (BTC) leading the way and altcoins closely following. After recently hitting new highs above $106,000, Bitcoin continues to show strength, signaling possible further growth in the new year. Outlook for 2025 As we enter 2025, the cryptocurrency market shows strong signs of a sustained bull market. The fourth quarter is typically a good time for Bitcoin, and there is usually a rebound at year-end. However, some experts believe that the 'Santa Claus Rally' may not be as significant for those focused on global trends and liquidity.
This week is the last super central bank week of the year, with a focus on the interest rate decisions from the United States and Japan. The US will announce at 3 AM on Thursday. After last week's CPI inflation data met expectations, this rate cut of 25 basis points seems to have no suspense; the probability given by CME has reached 97%. This level indicates that the current US stock market and cryptocurrency market have fully priced in this rate cut, so it won't be considered a positive surprise at that time. The main highlight on Thursday will be Powell's speech and the outlook for the January FOMC. Currently, CME indicates an 80% probability of keeping the interest rate unchanged in January, which is key for market speculation for the rest of this month. Over the weekend, Bitcoin reached a new high, but altcoins are generally in a correction phase, especially those on CEX, where nine out of ten are down. Although the total market cap has exceeded 3.9 trillion, setting a new high, this is mainly due to Bitcoin's contribution, and Bitcoin's market share has also surpassed 57.38%. The funding rates on major CEXs do not support altcoins continuing to rise, generally being below 0.01%. Typically, a funding rate above 0.01% indicates a bullish market, while below indicates a bearish market. Ethereum has performed better than most altcoins, but the ETH/BTC exchange rate is still declining, currently falling below 0.038. However, last week, the inflow of funds into Ethereum ETFs reached 850 million USD, creating a historical weekly high. This indicates that off-exchange sentiment towards ETH is improving, and several institutions are predicting that Ethereum will reach an ATH by the end of the year. I also think this is quite likely, as long as the Ethereum Foundation does not stir up trouble; the ATH is just a thin layer of paper. Solana has not performed well this week, and the SOL/BTC exchange rate is also declining. It must be said that Bitcoin's long-term trend is really strong. To be honest, Solana has performed quite brilliantly this year, with various memes, financing models, and even AI and DePin narratives happening on the Solana chain. Yet, the SOL/BTC exchange rate continues to decline this year. Bitcoin really has the right to tell any altcoin: your grandpa will always be your grandpa.
In the early stage of a bull market, BTC will gradually rise, standing out alone and driving ETH up. At this time, some good mainstream coins will follow suit, while other coins will rise slowly; a few altcoins will surge wildly, but most altcoins will remain quiet. In the mid-stage of the bull market, BTC and ETH will fluctuate upwards, mainstream coins will gain momentum, and altcoins will begin to activate. In the late stage of the bull market, BTC will fluctuate downwards, ETH may continue to surge, mainstream coins will follow suit, and the highlight altcoins of the second round of the bull market will soar several times, even dozens or hundreds of times. At the end of the bull market, BTC may drop several thousand points, or even over ten thousand, then recover slightly. The first sharp drop recovers quickly, giving the illusion that it is just an adjustment. After two or three such drops, the bull market is declared over. At this time, if you are trapped, please do not hold onto fantasies and cut losses in time. Otherwise, the principal will be dragged into an abyss. BTC and ETH will always be the kings of the cryptocurrency world, and buying during a bear market is definitely not a mistake. Although it may not increase exponentially, buying in a bear market and holding until selling in a bull market will guarantee a rise of over 50%. This is the first choice for large funds. Platform coins: such as BNB, Relatively strong foundational chains: such as SOL, AVAX, Good infrastructure coins: such as MATIC, Strong consensus coins: such as DOGE, SHIB, RATS, PEPE,
=The weekend saw Bitcoin primarily fluctuating upwards, and this morning it finally reached a historical ATH. I've been saying all along that Bitcoin's daily level has just started to rise, so there's really no need to worry about a significant pullback.
The previously strong altcoins need to be re-evaluated. In the absence of any new strong stimuli, the market tends to rotate through different assets. After AI, there might be renewed interest in strong altcoins, such as HBAR, ADA, etc., as well as meme coins like Pepe, Pnut, Doge, etc. The strong continue to thrive. #BTC重回关键位置后走势