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Watch out for these altcoins: Investors are showing great interest! Magic Eden (ME) The multi-NFT platform Magic Eden (ME), which is on the Solana blockchain, entered the markets the other day. Listed on crypto exchanges such as Binance, OKX and Gateio, ME attracted great attention in a short time. The inter-blockchain NFT platform Magic Eden was included in CoinGecko's trend list. According to CoinGecko data, ME fell by 69.2 percent in the last 24 hours, falling to a market value of $679 million. Solana (SOL) Solana, a layer-1 blockchain shown as a strong competitor to the Ethereum blockchain, was among the trending altcoins of the day. $SOL , which quickly recovered from the decline it experienced the other day, managed to attract the attention of investors. SOL reached a market value of $106.565 billion with a 3.3 percent increase in the last 24 hours. You may be interested: Huge news for XRP: “It will be a game changer” Sui (SUI) One of the most popular altcoins of 2024, the layer-1 blockchain Sui ($SUI ), has taken its place on the trend coins list. SUI, which has attracted great attention in the last few months, is talked about in many areas, especially on social media platforms. SUI fell by 0.6 percent in the last 24 hours, dropping to a market value of $ 10.992 billion. Pepe (PEPE) Pepe (PEPE), the memecoin inspired by the Pepe the Frog figure, became one of the most searched and popular cryptocurrencies of the day. $PEPE , which entered CoinGecko's trend category, is among the favorite candidates of a possible memecoin bull. PEPE fell by 6.7 percent in the last 24 hours, dropping to a market value of $ 9.918 billion. Bittensor (TAO) Bittensor (TAO), which focuses on machine learning and artificial intelligence, is among the most popular altcoins of 2024. TAO, one of the new players in the crypto sector, stands out with its support for decentralized initiatives. TAO fell by 2.5 percent in the last 24 hours, dropping to a market value of $4.269 billion. #RLUSDApprovalBoostXRP #BURNGMT

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Huge news for XRP: “It will be a game changer” The approval of Ripple’s stablecoin RLUSD from the US has caused the XRP price to rise. One of the most popular altcoins in the crypto ecosystem, XRP, has risen with the sensational development of Ripple Labs. Ripple Labs announced that RLUSD, which it is preparing to launch, has received a valid rating from regulators and has been approved. RLUSD, which aims to include corporate companies, has become a driving force for the Ripple company. The XRP price quickly recovered from the decline it experienced the other day. XRP, which rose with the news, has gained over 20 percent since yesterday evening. Former basketball star Scottie Pippen, who won six NBA championships with the Chicago Bulls, argued that XRP will be a game changer. Ripple Labs’ stablecoin RLUSD will include corporate companies in the blockchain after regulatory approval. The stablecoin in question is expected to record an inflow of over $ 1 billion. The positive impact of RLUSD has pushed the price of the popular altcoin from $ 1.93 to $ 2.35. Analysts have predicted an increase for XRP. Former basketball star Scottie Pippen also expects a rally for XRP. Pippen turned the needle to Ripple in the comparison of Ethereum and Ripple. Pippen, who predicts that the ecosystem will continue to grow day by day, predicts that XRP will take over the reins in 2025. Ripple CEO Brad Garlinghouse emphasized that RLUSD, which received approval from the New York State Department of Financial Services, will be put into service soon. The approval of RLUSD has excited the crypto community. A user named XRPcryptowolf argued that the stablecoin will make XRP the number one altcoin. Crypto analyst Ali Martinez predicted that $XRP will target $ 8.4.

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🧙‍♂️ According to the disclosed data, only 0.55% of Microsoft shareholders voted 'yes' in the Bitcoin vote. #RLUSDApprovalBoostXRP #BURNGMT #MarketCorrection

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Critical development in Solana (SOL): How does it affect the price? In the last 48 hours, Solana's funding rate fell by 81 percent, causing fear in investors. Positive funding rates usually indicate that long (bullish) positions dominate the market and traders have a positive approach to the pair. However, the decrease in this rate shows that investors expect a pullback and short (bearish) transactions are preferred more. Although the funding rate remains positive, this rapid decline is quite striking. Traders are hedging (balancing transactions) against the risk of a possible downward pricing. For traders, this shows that the short-term outlook of the market is bearish. Indeed, this development increases uncertainties about Solana's future direction. Solana's active address count fell to its lowest level in December, indicating that user interest is decreasing. Lower activity levels are usually associated with decreased liquidity. The decline in active addresses, which could increase price volatility and hinder network adoption, is a worrying signal for traders and investors. As of writing, Solana’s price is trading at $219 and is trying to turn the $221 band into a support level. If SOL cannot maintain $221, it is expected to pull back to the $200 band. Persistence above $221 could push the $SOL SOL price to $245. On the other hand, Solana has officially launched its first global online AI hackathon, which will be held from December 10-23, 2024. The event, supported by venture capital fund ai16z and the Solana Foundation, covers a variety of areas such as AI infrastructure, token tools, autonomous chatbots, and social/influencer agents. #RLUSDApprovalBoostXRP #BURNGMT

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Will Solana's favorite altcoin JUP rise? Jupiter ($JUP ), a decentralized exchange in the Solana ecosystem, is showing signs of a potential recovery after its recent decline. JUP, which lost blood on December 9 when the crypto market experienced a sharp decline, has been giving positive signals in recent days. JUP, one of Solana's favorite altcoins, reached the bottom levels of an ascending channel. AMBCrypto stated that the bottom area supported by Bollinger Bands indicates a trend reversal. According to AMBCrypto's analysis, technical indicators are bullish for Jupiter (JUP). Accumulation/Distribution and increased buying activities signal a possible upward movement. The analysis included the following statements; "Increased accumulation and improved sentiment could cause JUP to rise. This rise could pave the way for the losses of the past days to be erased." JUP, which is trading within an ascending channel, fell to the potential support level of $ 1.01. The analysis suggested that JUP gave a positive reaction at the $ 1.01 support and that the rise would intensify if the trend continued. According to the prepared chart, if the positive momentum is maintained, the JUP price could rise to $ 1.46. If the resistance level of the ascending channel is broken, the resistance at $ 1.6 could be tested. According to AMBCrypto, a possible rise could provide a gain of over 40 percent in JUP. The analysis noted the following; “JUP’s approach to the potential support point indicates that the asset is experiencing excessive selling. It is predicted that the selling pressure may weaken and a potential recovery may begin.” According to the analysis, if the buying appetite increases, the limited supply on the exchanges may create higher demand and this situation may cause $JUP to rise. #RLUSDApprovalBoostXRP #BURNGMT #MarketCorrection

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