🔥🔥➡️➡️BREAKING: SEC approves first spot Bitcoin ETFs in the United States.
The US Securities and Exchange Commission (SEC) has approved more Bitcoin spot exchange-traded funds (ETFs) after months of speculation.
ETFs filed by asset management companies were simultaneously approved ahead of the expected deadline of January 10, 2023. There are a total of 13 Bitcoin ETF applicants: BlackRock, Grayscale Investments, Ark Invest & 21Shares, Bitwise, VanEck, WisdomTree, Invesco, Fidelity , Valkyrie, Global X, Hashdex, Franklin Templeton and Pando Asset Management.
✅Since 2013, multiple companies have unsuccessfully tried to introduce a spot Bitcoin exchange-traded fund. The SEC repeatedly cited potential market manipulation in spot markets as the reason for the rejection. However, the SEC approved Bitcoin futures ETFs in October 2021, helping push Bitcoin to an all-time high of $69,000 in November 2021.
➡️In recent months, there have been numerous meetings between ETF applicants and regulators, with changes made to S1 filings such as the creation of shares with cash. Notably, the filings include a “surveillance sharing agreement,” with many US-based cryptocurrency exchange names Coinbase as partners, to address concerns about spot market manipulation.
🔥👉 Chaos ETF Spot Bitcoin: SEC approval and about-face
Everything happened overnight, from the announcement of the approval of spot Bitcoin ETFs to Gansler's about-face, denouncing the hacker attack on the SEC's social networks
The crypto community now seemed ready to welcome spot Bitcoin ETFs on the evening of January 10, as many analysts had predicted, but during the night the SEC decided to bring forward the plans, announcing the launch of the new financial products via its social channels.
💥AND NO. All of this is just the umpteenth madness that one has to live in this frenetic crypto world, all of a sudden caught up in the FOMO for the announcement of the new ETFs, and a second later under the cold water of the communication from the president Gary Gansler, who announces how the SEC's social channels were hacked.
At this point, we're back to square one. The approval should however arrive in the next few hours, with the difference that the community will probably take a little more time to confirm its official status.
K33 Research, in the previous hours, had tried to predict the behavior of BTC once the new financial product was approved, considering a "sell the news" scenario now unlikely at the time of the announcement of the ETFs.
This vision is affected by the liquidations that have already taken place in recent days following the correction of BTC below 42k, which have compromised the profits made by many traders and therefore improved market conditions.
Furthermore, the commissions relating to the new ETFs would signal the intention to attract the greatest number of investors immediately, with a fight among applicants for the most convenient fees. Therefore, although volatility may increase at launch, the assumptions would still suggest a rise in BTC. Bitwise, among the various institutions, even offers 0% fees for the first six months, and in general all the players seem to play downwards from this point of view.
This blockchain, which belongs to the gaming sector, is also interesting because its name recalls that of Elon Musk's project, focused on AI, namely xAI
In the meantime, however, the prospects for XAI are valid regardless of whether the ticker is used or not, so it is a project worth following. XAI is built on Arbitrum and will be the first layer 3 network in the field of gaming blockchains.
👉Token farming started yesterday, all you need to do is deposit BNB, FDUSD or TUSD on Binance Launchpool. In this period, 75 million XAI tokens will be distributed to participants, or 3% of the total supply of 2.5 billion. Starting today, therefore, 277,118,150 XAIs will be put into circulation
Regarding staking, the maximum hourly limit per user is 62,500 XAI for the BNB pool, 7,812.5 for the FDUSD pool and 7,812.5 for the TUSD pool. Approximately 24 hours after launch, BNB, FDUSD and TUSD staking pools will launch their websites.
💥The token saw its value explode with a +200%, while today it maintains an increase of more than 105% in the 24 hours, traded at $0.000000001486, with trading volume increasing by more than 290%.
The aim of the Xai project, created by Offchain Labs, is to guarantee real economies and also unlimited exchange of game items in the next generation of video games: players can therefore have their items and exchange them without having to use a crypto wallet .
The launch of XAI on Binance Launchpool confirms the exchange's interest in layer 3 blockchain technology and its commitment to innovating the crypto ecosystem. Meanwhile, there is another project that belongs to the GameFi sector and which is arousing the interest of investors: Meme Kombat exceeds $6 million in pre-sale thanks to crypto whales.
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🔥📈🚀SLEEPLESS PRICE FORECAST $AI UP TO $4.92 BY 2025
It appears that the average value of Sleepless AI could potentially increase to $2.49 by the end of this year. Looking at Sleepless AI's prospects over a longer period of five years, the digital currency could grow to $4.92. However, given the unpredictability of the market, it is essential to conduct thorough research before investing funds in a specific project, network or asset.
➡️What will the price of Sleepless AI be next week? According to the experimental prediction on Sleepless AI, the price of Sleepless AI will decrease by -1.37% in the next week and reach $1.23 by January 14, 2024.
➡️What will the price of Sleepless AI be next month? According to the experimental prediction on Sleepless AI, the price of Sleepless AI will increase by 10.21% in the next month and reach $1.37 by February 6, 2024.
➡️How much can the price of Sleepless AI rise this year in 2024? According to the latest predictions for the value of Sleepless AI in 2024, AI is expected to fluctuate in the range of $0.942973 to $2.49. However, it is crucial to keep in mind that the cryptocurrency market is extremely volatile, and this projected price prediction for Sleepless AI does not take into account sudden and extreme price fluctuations.
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💥🚀SOLANA: BOOM IN VOLUMES - CRYPTO HAS NEVER BEEN THIS HIGH SINCE...
These are the data collected by The Block and which we have independently verified and which indeed correspond to the truth. But what is behind this large increase in volumes? Not only the price boom of $SOL , but also the resurgence of BONK and other meme tokens that have chosen SOL, such as WIF.
It's not just a question of price. The data on transaction volumes on Solana speak of an ecosystem that seems to be reborn, not without a lot of help from the meme sector. Yes, Bonk is at the center of what has been happening for some time now. Just as the rest of the meme world is behind it, which seems to have found a sort of second youth on $SOL .
👉Are these positive signs? The markets will certainly decide, but during the year that has just ended they have already rewarded $SOL with the most explosive growth at least three cryptocurrencies with a good market capitalization. a good moment for $SOL which will however have to be confirmed by the stability of these volumes, which in terms of value moved on chain are the highest since 2022, a period which was certainly different, and now ideally more than a few geological eras away.
A lot of data arrives, and it is all more than interesting for Solana. The first is the average calculated over 7 days of the values that have been moved on the Solana chain. These are incredibly high figures at least compared to what was done in this ecosystem until some time ago. They are obviously SOL-USC and then USDT-USDC, followed by SOL-USDT. And then, as expected, the couples that include Bonk and WIF, the real star performers of this particular Solana period. A period that has made the cryptocurrency linked to the network earn more than Bitcoin, which is also in the midst of a very important race and which is driven by the arrival of the Bitcoin Spot ETF, for which we are now on the verge of running out.
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💥🚀👉Is Solana ready to explode and guarantee a 50x profit, like Ethereum in 2018?
Solana could be the best performing asset in 2024 and experience the same price increase as Ethereum in 2018, confirming once again that it is a crypto to invest in.
The recent surge above $110 has once again demonstrated that the Solana ecosystem has all it takes to dethrone its great rival Ethereum.
🔥One of the most important aspects is that Solana is building a consumer-oriented blockchain. It is precisely for this reason that it is compared to Apple. In addition, thanks to the latest updates, including those of Firedancer, it will be possible to create one million NFTs with just 100 dollars.
Solana's competitiveness could lead it to become a blockchain with hundreds of billions of dollars in assets. With tokenization growing strongly, especially thanks to RWAs, the Solana blockchain could attract significant capital during 2024. And the data clearly indicates that developers are working frantically behind the scenes of the crypto scene.
👉And, to conclude, we must not forget that a blockchain depends first and foremost on its community, both of developers and users. And Solana seems to be much better optimized than Ethereum, from this point of view.
👍As a result, Solana could truly become the biggest surprise of 2024.
🔥📈🚀These are the 4 cryptocurrencies ready to explode: they will revolutionize the market in 2024
➡️The predictions for 2024 focus on yPredict. And it couldn't be otherwise given that the new year will primarily see the explosion of AI in every market sector. Cryptocurrencies included. Powered by Polygon, yPredict offers a platform where data scientists can monetize their custom models, offering retail investors institutional-grade insights, but most importantly, a dedicated AI section that provides free price predictions for major cryptocurrencies.
➡️You can't help but keep an eye on Bitcoin Minetrix, which already achieved significant popularity in 2023, which it intends to increase with its debut in 2024, based on its approach to the democratization of Bitcoin mining. There is also a lot of curiosity about the return of SpongeV2, the second generation of the meme coin dedicated to SpongeBob SquarePants. It will have a completely new project, with the introduction of a play-to-earn game, which allows its investors to earn crypto for free, through challenges and greater community involvement.
➡️Dulcis in fundo Meme Kombat, a new innovative gaming platform designed for video game enthusiasts. From active betting to passive staking, there are rewards for all users. You will be able to earn APY during the presale or stake your tokens. Betting on battles for a chance to win additional prizes. Not only. Alongside the traditional battles, meme Kombat has anticipated bigger and more spectacular fights to participate in, obviously with even bigger prizes.
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🔥🏆➡️The best cryptocurrencies of 2023: many confirmations and some surprises in the year-end top
2023 has been a year of decisive changes in the cryptocurrency market. For those who wish to invest in cryptocurrencies in 2024, it is essential to know the financial performance and the best currencies of the year, in order to have clear ideas about their investment interests.
✅➡️The Solana (SOL) crypto has recorded an impressive surge of 703.02% from October to today.
According to the latest data from CoinMarketCap, Solana is trading at $94.70, marking an increase of 8.42%, with a substantial market cap of over $40 billion.
✅➡️Helium (HNT) follows with a gain of 273.59% over the year, trading at a price of $7.28.
✅➡️The crypto Avalanche (AVAX) also recorded a notable increase of 285.01% from one year to the next, as did ✅➡️Stacks, STX, which witnessed a surge of 491.95% in 2023 with a series of advances that should not be underestimated
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🔥➡️✅Avalanche: 2023 of growth | Forecasts and objectives for the first part of 2024
🚀🔥Avalanche +370% in less than 3 months
The ongoing rise has allowed Avalanche to rise into the Top Ten of the Coin Market Cap (CMC). At its current price, with a market capitalization of $15.260 billion, it stands in ninth place. The growth also had positive effects for the holders of the token, in fact the addresses in profit or at the money stood at 63.22%. While those out of the money, i.e. at a loss, are at 25.31% with a wide range of 11.47% in the break even zone.
✅Avalanche's growth is justified by the strong increase in its TVL (Total Value Locked) in the DeFi field. The TVL of its blockchain has been steadily growing for several months. This is a good thing, as the higher the TVL of a blockchain, the more secure and valuable it is perceived to be. In the attached graph from DefiLlama we report the trend of Avalanche's TVL over the last three months, where we can see that it has more than doubled, reaching $918 million.
📈➡️On the daily chart, we can examine the situation of Avalanche's supports, where we have a view of the leg up that started in October. In the current scenario, considering the vector that goes from $8.61 to the recent high at $49.95, the first support level moves to $34.
Going down, we find the main support at $29, the breakdown of which could undermine the current bullish trend. At present, to fall to this level, the price of AVAX needs to lose around 30%.
Taking a look at the short term, at the RSI indicator level we have some signs of weakness, which could suggest a possible correction.
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Moonriver is currently worth $26.07 MOVR has moved 148.21% in the last 24 hours with a trading volume of $413,101,515. Moonriver is currently ranked 196 among all cryptocurrencies with a market capitalization of $209,408,522
Using the Relative Strength Index (RSI), Moving Weighted Average (MWA), Williams Fractal (Fractal), and Moving Average Convergence Divergence (MACD), we can determine the price patterns for Moonriver (MOVR) for decide whether you are going to have a bullish or bearish year.
✨Moonriver (MOVR) Price Prediction 2024
In 2024, Moonriver MOVR Price Prediction has a lot of room for expansion. Following potential announcements of numerous new partnerships and initiatives, we expect MOVR's price to soon surpass $66.24.
However, we should wait to see if the MOVR relative strength index breaks out of the oversold zone before placing bullish bets. Considering the market volatility, MOVR 👉 will trade with a minimum trading price of $52.99 and an average trading price of $58.29.
✨Moonriver (MOVR) Price Prediction 2025
If the uptrend continues to 2025, it could reach $91.79 and MOVR can profit from it. If the market declines, the target may not be achieved. MOVR is expected to trade at an average price of $83.93 and a low of $78.68 in 2025.
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🚀🔥➡️ETH's revenge: Does the 9% rise herald something sensational coming?
After being drastically outperformed by Solana L in the last three months, the price of Ethernet it suddenly surged 8.9% in the last 24 hours, re-emerging some bullish sentiment on Ethereum.
✅👌"ETH's revenge is about to begin," says Jordi Alexander, chief investment officer of Selini Capital, in a December 27 post on X (formerly Twitter), adding: "Everything is aligned, now it will last for weeks. The others have started; Saylor has fired his clip; the ETH ETF is next. Ether's risk/reward ratio is so compelling that I see a liquidity black hole forming in January. Imagine being bearish on ETH."
➡️🔥In recent weeks, the conflict between members of the Solana and Ethereum ecosystem communities has reached its peak. Although Ether has gained 102% year-to-date, its price performance has been dwarfed by that of Solana, which has posted a whopping 951% year-to-date gain
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➡️🔥🚀Polygon Matic: the crypto makes +20% | What happened in the markets!?
The first data is numerical. Polygon recorded a 20% price increase, in the face of a market that moved in a very particular way yesterday, while the European markets were still closed and timidly we returned to trading in the United States. $MATIC , the ecosystem's reference token, has returned to above $1. And in addition to the price, there are other interesting market numbers that we believe we need to analyze to understand what happened on the markets.
➡️✅The volumes on Polygon Matic have been very interesting over the last 24 hours. The token was the most traded after Bitcoin, Ethereum, and Solana - and without prejudice to stablecoins which for obvious reasons tend to attract more trade.
Polygon Matic was also traded more than $BNB, which recorded an interesting performance and with double-digit gains.
➡️🔥It is also interesting to see the amount of liquidations that have occurred on the crypto market. Over the last 24 hours, as many as $7 million of positions on $MATIC have been liquidated, the bulk of which were clearly short. In a market characterized at this stage by less than excellent volumes, these levels of liquidations could only help the upward movement, with shorts closed by margin calls that they had to repurchase to cover their positions. These are certainly not huge numbers compared to the rest of the market, but large enough to push $MATIC towards this new goal.
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➡️🔥🚀Why is the price of Moonriver (MOVR) cryptocurrencies rising sharply today?
The surge in MOVR price can be attributed to the upward movement of L1 blockchains such as Polkadot and Kusama, as evidenced by DOT and KSM price gains. Moonriver, a major Ethereum para-compatible chain on the Kusama network, is naturally benefiting from Kusama's overall momentum.
📈➡️The surge in MOVR indicates potential bullish activity in the broader Polkadot ecosystem. A substantial inflow of funds towards DOT, KSM and related projects may also have contributed to the increase in the price of MOVR.
➡️✅Price of Moonriver cryptocurrency
MOVR price added a whopping 42.33% to its value, having traded at $34.31 at the time of writing on Monday, December 25. The hyped digital asset has skyrocketed around 420% in the past seven days, giving newfound hope for bulls. Additionally, the cryptocurrency hit a new 52-week high of $43.73 on Monday.
The market capitalization of MOVR cryptocurrencies increased by 41.61% and was $294 million. If the gains continue, it could soon reach a market capitalization of $300 million. Additionally, around-the-clock trading volume increased by 70.49% to $888.58 million, underscoring steady demand.
‼️However, despite the rapid increase in prices, concerns arise about the possibility of an "oversold" movement. Furthermore, the absence of direct project announcements could further fuel these concerns.
💥👉Solana above $110 | And it surpasses Ethereum and Bitcoin for this metric
Another incredible run for Solana, which after overcoming what was both a technical and symbolic resistance, settled well above $110 per single token. And now, ahead of it, it only has Bitcoin, Ethereum and Tether in terms of market capitalization, having surpassed even BNB in terms of cap after an incredible run within what was an equally incredible year for the entire sector.
🚀🔥It has been an incredible run for Solana, a project that evidently too many had given up for dead prematurely, particularly after the failure of FTX seriously called into question the project's ability to carry on, in the absence of what had been one of the main financiers and also one of the most important agitators of what was happening on chain.
In the last 24 hours Solana recorded the main volumes on Binance, the most relevant of the futures markets. Important numbers that have placed trades on Solana ahead of those on Bitcoin and Ethereum.
Taking Tether out of the considerations, which being a stablecoin has a very different functioning, Solana is now close to Ethereum at least in the market capitalization ranking.
✨👉The distance still remains sidereal. To surpass Ethereum in terms of marketcap, Solana's price would have to triple while $ETH remains stagnant. An eventuality that for now seems to be beyond the reach of even such a happy moment for $SOL . And although the prices are very interesting, be careful to enter now: corrections (as partially happened this morning) are always around the corner.
It is all ready. Ethereum developers have confirmed that the launch of Dencun, the network's next major update, will take place next January, to pursue major improvements to the mainnet's scalability.
In total, as agreed by the devs, there will be three testnets that will implement the update: Goerli, on January 17th, Sepolia, on the 30th of the same month, and Holesky on February 7th. All of this is functional to the introduction of proto-danksharding and the so-called data "blobs", which we have already technically explored elsewhere. In short, an improvement in the scalability of the network through "sharding" (a division of the blockchain into several parts, so-called "shards"), and data management separately from that of regular transactions
💥👉The objective, much desired by the community, is to take a significant step towards reducing gas fees, which have been plaguing users for years and undermining the network's development and adoption capacity.
A test has already been conducted (and successfully) on Goerli to evaluate the performance of the Ethereum network in a post-Dencun scenario, and for this reason the devs decided to announce the implementation.
Dencun is the most important step in the development of Ethereum since the Shapella hard fork last April, which opened up the withdrawal of staked ETH. And it could represent a response to the performance of Ethereum's Layer-1 competitors. First of all, Solana, which thanks to its very low transaction fees is catching up on ETH in every area of the crypto sector, starting from the NFT one, where it is most evident.
✨💥The trend in the price of the token, from this point of view, is just one of the symptoms, but still significant. If Ethereum has recorded substantial lateralization in the last few weeks (contradicted only in the last few hours), for Solana the data is of a completely different kind, with a +52% in the last 30 days and a +774% since January 2023.
📈🔥➡️The growth of Bonk continues (+24% in 7 days, +246% in 1 month)
Recently the performance of the Solana-based meme coin, Bonk, has caused a lot of discussion in the crypto investor community. In fact, until November 2023 the crypto showed fairly anonymous performances, until a sudden explosion that even exceeded 300%.
✅Currently, a physiological price correction has reduced the long-term earned margin, which currently stands at 246% and the crypto recorded -1.8% in 24 hours on December 21st, after reaching a peak at $0, 00002 in the morning.
➡️‼️As previously anticipated, December 21st shows a physiological price correction for one of the trending cryptocurrencies of the moment. In fact, this meme coin has recorded a crazy increase in its value, and the future prospects at least in the medium term could be equally positive.
Currently, the market value of BONK stands at $0.000018. The meme coin returned to this threshold after reaching $0.00002 in the morning, recording a temporary +8% compared to the previous day.
➡️➡️So, it's easy to assume that this resistance could be the next barrier for this crypto asset to cross. However, many experts are quite optimistic about it, and therefore the crypto could be one of the most profitable at the moment.
➡️🔥Arthur Hayes: “The greatest bull run ever in 2024”
Arthur Hayes, co-founder and former CEO of BitMEX, returned to speak in the context of Token2049, an annual event that takes place in Singapore and focuses on Web3 developments.
✅Hayes' analyzes are often a cause for reflection throughout the crypto community, and even in this case he did not disappoint, ranging from macroeconomic trends to individual bullish forecasts of individual assets, passing through the complex dynamics of artificial intelligence.
➡️🔥Specifically, Hayes analyzed the relationship, which he said was "symbiotic", between debt, AI and the intrinsic value of Bitcoin, observing how crypto bull markets are always driven by growing liquidity of fiat currencies or by important technological advances.
“Over the past decade, one of those two factors has always been why we've had a bull market in the industry,” Hayes emphasized. “However, we have never seen a bull market where both were present at the same time.”
✅📈All this, however, could change in 2024, when both scenarios could occur. And this is precisely Hayes' gamble, who believes that a new bull-run could arise next year, not only for cryptocurrencies. The looming challenges concern primarily American debt, with its "alarming" acceleration in the wake of the pandemic. A problem whose solution has always been (historically) to "print new money". In parallel, the development of AI, with the rapid adoption of its services (such as ChatGPT) and the growing investments in companies functional to the sector such as NVIDIA.
➡️For this reason, Hayes also underlined the importance of decentralized storage in the crypto ecosystem, which in his view will take over centralized solutions.
Long-term analysis suggests that Optimism price could potentially rise to $2,095.92 by 2050, with a potential range between $2,006.96 and $2,312.07.
The expected average price for Optimism in 2025 is expected to be $5.76, with a potential variance between $5.57 and $6.72. The price of 1 OP would reach $44.68 USD by 2030. There is a possibility that the price of Optimism will experience a significant increase, reaching the $1,687.82 level by the end of 2040.
🚀🔥PancakeSwap: the plan to reduce the supply makes CAKE fly
The PancakeSwap dex presented to the community its plan to reduce the total supply of the native CAKE token. The operation will see the total supply reduced to 450 million tokens compared to the current 750 million, and CAKE seems to have already started pricing the initiative, given that the price recorded a +23% (then reduced) shortly after platform announcement.
👉The plan follows a purpose that has already been clear for several months to the PancakeSwap team, which has long pursued what the dex calls "coherent deflation", i.e. the gradual reduction of supply through burn mechanisms. At this moment, however, the contribution of the community as a whole will be essential to continue with a decisive step.
Currently, the total supply still stands at 750 million tokens but, of these, there are approximately 388 million CAKEs in circulation, constantly decreasing, and with a value that aims to reach 3 dollars.
👉🔥The final objective, according to the PancakeSwap devs, is what has been renamed "Ultrasound Cake", a truly deflationary project towards which CAKE must be oriented. And this, for several reasons. First of all, a smaller supply would guarantee more precise estimates for its growth objectives, but above all it would distance CAKE from a "hyperinflationary" scenario, dangerous for the very future of the platform in circumstances in which the market were to present difficulties.
The watchword, essentially, seems to be "sustainable growth", made possible only by the flexibility of the protocol and a greater market share on other chains. The community, in the meantime, seems to have welcomed the platform's initiative, which after some time sees CAKE returning to a bullish position. The performance of the token, moreover, had not followed the bullish trend of the altcoin sector very much, but the recent rise seems to have put a dent in the losses of recent months.
🔥➡️Solana surpasses Ripple in market cap: what's behind the price surge?
The cryptocurrency landscape is experiencing a turning point thanks to Solana (SOL) which has overtaken XRP to fifth place in the market capitalization ranking according to CoinMarketCap data.
✅➡️The price of SOL recorded a notable increase, reaching its 2023 high with a value above $87. In this article, we will explore the reasons behind this rally, while also analyzing the interesting dynamic linked to Solana's Saga phone, which immediately sold out.
📈✅The impetuous rise of SOL
On December 20, Solana's native token, SOL, surged 13.8%, surpassing the $82 mark for the first time since May 2022. This rapid growth of 33.5% over the past two weeks allowed SOL to surpass XRP in terms of market capitalization, positioning itself as the fifth largest cryptocurrency by market cap.
➡️There are many reasons behind this price surge. First, the increased activity of the Solana network has helped boost investor confidence. The clock on decentralized application (DApp) activity on the Solana network has ticked up significantly, highlighted by the total value locked (TVL) rising from $654 million to $1.28 billion in just three weeks, the which represents a 96% increase, according to data from DefiLlama.