🚀 Here’s why the crypto Altseason could start tomorrow

While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday.

This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high. Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X.

An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” analysis, given its market size and relevance.

In summary, trading experts and crypto investors expect mid-to-low-caps to outperform the leaders, better distributing the capital among all cryptocurrencies.

🔸 The altcoins season (altseason) is starting

On TechDev’s insight, the Bitcoin and crypto analyst pointed out a pattern that dates back to March 2017. According to him, the last two altseasons started after three consecutive weekly closes above the last Bitcoin weekly high.

This pattern is in play right now, with the third consecutive week to close tomorrow, Sunday night, starting on Monday. Therefore, this week could be a key period for what some experts are labeling “utility altcoins,” with high growth potential.

Notably, TechDev crossed over the Bitcoin Dominance Index (BTC.D) with Bitcoin’s weekly chart, illustrating the start of the altseason.

In this context, some altcoins have already started surging, leading the way for other cryptocurrencies. Solana (SOL), Ripple (XRP), Cardano (ADA), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Sui Network (SUI) are some of them, outperforming other projects in the past few days as money starts rotating from Bitcoin and Ethereum to lower caps.

#Altcoin #Altseason #Altcoins

💥 Here is How Much XRP You Need to Make $1M if XRP Hits $150, $258, $305 and $403

Individuals looking to make $1 million from XRP via ambitious price points in the triple-digit range require a modest initial investment.

XRP has recently renewed optimism among community members and steadfast holders that their millionaire dreams are still on course. Last week, XRP recaptured a three-month high of $0.6366, even momentarily emerging as the best performer among prominent crypto assets.

Notably, XRP regained $0.6366 in under two weeks after revisiting a 16-month low of $0.385, marking a growth of over 65%. This impressive growth has convinced XRP bulls that they are not missing the 2024/2025 bull season.

With widespread projections suggesting XRP’s likelihood for more than double-digit values, this article explores the number of tokens an investor must hold to attain a millionaire should XRP attain audacious prices of $150, $258, $305, and $403.

🔸 XRP Needed to Make $1M if XRP Hits $150, $258, $305 and $403

To make $1 million via XRP in the hypothetical scenario where its market value attains $150, one must have 6,667 tokens in his portfolio. With XRP trading at $0.5899 at press time, following a brief retracement, acquiring the portfolio costs $3,932.66.

Put differently, an investor stands to see their investments explode by over 253-fold should XRP attain $150.

Meanwhile, investors targeting to make $1 million from XRP at a price point of $258 require a significantly lower initial investment. Specifically, one needs to hold only 3,875 XRP, which costs $2,286 today, to generate a million at the $258 price.

Similarly, a crypto investor must purchase 3,279 XRP valued at $1,934 today to make $1 million when XRP attains $305. The $403 XRP price point demands the least initial capital commitment.

To make a million dollars at $403, one must purchase and hold only 2,481 XRP, which costs $1,463 today. Meanwhile, this investment would expand by 68,216% should the ambitious $403 price materialize.

$XRP #XRP #Ripple

🔺 Tron surges 80% in past day amid political unrest in South Korea

Tron ($TRX ) , the native token of Justin Sun's Tron network, rallied about 80% in the past day, fueled by multiple factors, including political chaos in South Korea, home to one of the largest and and most reactive retail cryptocurrency markets in the world.

TRX rose 78.4% to currently trade at $0.40. It once rose to a high of over $0.43 at around 11 p.m. on Tuesday. Just (JST) , the token for Tron-based DeFi protocols, jumped 50% to trade at $0.06.

Some on the social media platform X attributed Tron’s sudden rally to the chaos in South Korea that occurred overnight.

On Tuesday night, South Korean President Yoon Suk-yeol declared emergency martial law, a first in over 40 years. Martial law in South Korea refers to the imposition of direct military control over civilian government functions, typically in response to a significant threat to public order.

Yoon called off martial law five hours later after lawmakers present at the national parliament voted unanimously against the declaration.

“It seems that during martial law, all of crypto is moving out to foreign exchanges as south korean exchanges blew up,” X user @toy7594 wrote. “TRON is rallying.”

The two largest centralized exchanges in the country, Upbit and Bithumb, reported service suspensions lasting one to two hours due to a sharp uptick in activity.

“The recent rally in Tron (TRX) appears to be partly driven by political instability in South Korea,” said Rachael Lucas, crypto analyst at BTC Markets. “TRX’s role as a widely used transfer token between exchanges, especially in South Korea, makes it a tool for traders looking to move funds across platforms quickly.”

Lucas said trading restrictions on Upbit, which at times owns over 80% of the country’s spot trade volume, could drive traders to look for alternative solutions for transferring assets, thereby increasing TRX's trading volume.

#TRX #Tron

⭐️ Cardano’s #ADA Surges 12% Amid ETF Buzz and $3 Price Optimism

Cardano’s price surged 12.12% to $1.20, with trading volume increasing by 343.08% and market capitalization reaching $42.05 billion.

Key support levels at $1.05 and $1.07 bolstered Cardano’s upward momentum, while $1.22 emerged as a significant resistance point.

Technical indicators show bullish momentum for Cardano, with RSI at 61.39 and MACD above the signal line, signaling strong buyer interest.

#Cardano (ADA) has experienced notable growth, capturing the attention of traders and analysts alike. Its price reached $1.20, marking a 12.12% increase within 24 hours. This uptick comes alongside a surge in trading volume, which rose by an impressive 343.08%. These developments point to heightened market activity and growing investor interest in the cryptocurrency.

💬 SO. FAST. — Derp Birds (@TheDerpBirds) December 2, 2024

🔸 Strong Support Levels Anchor Cardano’s Momentum

Notably, the cryptocurrency has solidified critical support levels, further strengthening its upward trajectory. The $1.05 level has consistently acted as a rebound point, preventing significant declines.

Additionally, $1.07 served as an intermediate support level during minor dips. This stability has provided ADA with a strong foundation to maintain its bullish momentum.

On the resistance front, $1.22 emerged as a key barrier after the cryptocurrency retraced slightly from this level. The $1.18 level also acted as a minor resistance point, temporarily pausing the upward momentum. However, ADA’s ability to challenge these resistance levels underscores its growing strength in the market.

🔸 Momentum Indicators Signal Positive Trends

Moreover, technical indicators further reinforce Cardano’s bullish outlook. The 1-hour Relative Strength Index (RSI) stands at 61.39, suggesting ADA is nearing overbought territory. This indicates strong buyer interest in the short term. Moreover, the Moving Average Convergence Divergence (MACD) remains above the signal line, highlighting positive momentum.

🔥 Fantom ($FTM ) Price Surges as Whale Accumulation Intensifies

Fantom (FTM) is drawing significant attention as one of the day’s top gainers, with its value surging 133.04% over the past 30 days. This impressive growth is supported by a strengthening trend, as indicated by the ADX climbing sharply to 35.6, signaling strong momentum behind the uptrend.

The increasing accumulation by whales, with large holders rising from 69 to 79 since November 25, further shows the growing confidence in FTM’s potential.

🔸 Fantom Current Trend Is Strong

The ADX for Fantom has risen to 35.6, up from 28 the previous day, indicating a strengthening trend in the market. The increase suggests that the momentum behind FTM’s price action is growing, and the trend is becoming more established.

This upward movement in ADX reflects heightened market participation and conviction, reinforcing the idea that FTM is in a decisive phase of trending activity, likely upward based on recent price behavior.

The ADX measures the strength of a trend, with readings above 25 signaling a strong trend. At 35.6, FTM’s ADX confirms a strong trend, providing strong evidence that the current uptrend has significant momentum.

This level of ADX suggests the trend is well-established and also likely to continue, making it an important signal for traders looking to capitalize on sustained price movement.

🔸 Whales Are Steadily Accumulating FTM

The number of FTM whales has increased from 69 on November 25 to 79, reflecting a notable rise in large holders. This growth suggests increased interest and accumulation by entities with significant purchasing power.

Such a trend in whale activity is typically a bullish signal, as large holders can influence the market.

Tracking whales is important because these large holders often have the resources and insights to shape market trends. An increase in whales generally indicates accumulation, which can reduce selling pressure and create a foundation for price growth.

#FTM #Fantom

📈 $IOTA Price Is Surging: Can It Copy XRP And Hit $1?

Explore why the IOTA price went parabolic as the Rebase voting started and whether it can mirror XRP to hit $1

On December 3, Tuesday, IOTA price surged 60% on the back of a crucial network update. This massive rally is in line with the veterans like Ripple (XRP) and Stellar Lumens (XLM). With a huge spike in momentum, will IOTA copy XRP and hit $1 in the near future? 

🔸 Why is IOTA Price Rallyin Today?

The IOTA token jumped to $0.5427, its highest level since May 2022. It is in its fifth consecutive week of gains, its longest winning trend since 2020. 

This surge happened after the developers initiated a crucial vote for the upcoming Rebased upgrade. If this vote goes through, as most analysts expect, it will be a new beginning for IOTA, a network that has struggled to gain traction in the past few years. 

Rebased introduces move smart contracts to IOTA, making it a better-distributed ledger network for developers to build applications. It also aims to have lightning fast speeds with up to 50,000 in transactions per second. If this is correct, IOTA will now become faster than popular blockchains like Ethereum and Solana.

Most importantly, for crypto investors, IOTA stakers will now earn between 10% and 15% APY for helping to secure the network. 

By launching Rebased, the IOTA Foundation hopes that the network will attract more developers in areas like Decentralized Finance (DeFi), gaming, and NFTs.

🔸 #IOTA Technical Analysis: Could It Jump To $1?

The IOTA price has formed strong technicals, pointing to more gains ahead. On the weekly chart, the coin has been in a consolidation mode for over two years. In this period, it struggled to move below the key support at $0.1341, where it formed a triple-bottom pattern whose neckline was at $0.4143.

A triple-bottom happens when an asset fails to drop below a certain price three times, signaling that bears are afraid of shorting it below it. In most periods, such a bottom is a highly popular reversal pattern. 

📊 33.7 Trillion Shiba Inu ($SHIB ) Incoming in Next 24 Hours

Due to on-chain data showing a possible influx of 33.7 trillion SHIB in the next 24 hours, Shiba Inu is getting ready for volatility. The price performance of the token and the general dynamics of the market may be significantly impacted by this enormous activity.

Technically speaking, the price chart indicates that SHIB has run into resistance at the $0.000031 level. The token has dropped 1.7% in the last day, indicating that selling pressure is increasing following its most recent surge. The levels of $0.000027 and $0.000025 are important supports, where SHIB might see buying interest to steady its position. More volatility might be triggered by the prospective inflow of 33.07 trillion SHIB.

Whale movements, or significant exchange transactions, may be connected to this activity, which could indicate either substantial accumulation or possible sell-offs. Since the RSI indicator is hovering around neutral levels, both upward and downward movement are possible.

However, the volume of transactions and community involvement for Shiba Inu continue to be strong. The majority of SHIB holders, according to data from profitability metrics, might be reluctant to increase the size of their holdings, until the token shows more obvious indications of upward momentum.

Market psychology explains the relationship between the incoming supply of SHIB and its price performance. Large supply inflows usually cause dilution worries, which could result in temporary price drops. It might be a bullish indications, though, if whales take advantage of this influx to build up.

#SHIB #Shibainu

⭐️ $EOS Market Cap Exceeds $1.70 Billion for the First Time in Two Years

EOS, the native token of the open-source blockchain EOS Network, has seen its market cap soar to $1.74 billion, marking its highest level since November 2022. This milestone follows an impressive 165% price surge over the past 30 days, catching many market observers off guard.

With EOS still 95% below its all-time high, investors are questioning whether this rally has more room to run. This on-chain analysis explores the potential for further gains.

🔸 #EOS Sees Growth in Key Areas

On November 4, the price of EOS was $0.42. However, as of this writing, it has risen to $1.12, indicating that the altcoin experienced an increase in demand over the past few weeks. While the project did not have any major development driving the rally, it appears that the rising interest in relatively old coins played a role in the hike.

Following the development, EOS’ market cap soared to $1.74 billion. Market cap is the product of price and circulating supply. Therefore, the rise in the metric is linked to the 165% price increase, especially as the project did not recently unlock any token to its 1.53 billion circulating supply.

When the OI increases, it means that more liquidity has entered the derivatives market, indicating an increase in buying pressure for the cryptocurrency. On the other hand, if the OI decreases, it means that traders are increasingly closing their positions.

🔸 EOS Price Prediction: Higher Levels On the Table

On the daily EOS/USD chart, the Awesome Oscillator (AO) reading has increased. The AO is a momentum indicator that measures the strength of recent market movements relative to historical trends, helping traders identify potential shifts in market momentum.

When the reading is positive, it means that momentum is bullish. On the other hand, if the reading is negative, the momentum is bearish. In EOS case, the positive reading, which also shows a green histogram bar, indicates that momentum is bullish.

📣 $XRP Price Prediction For December 3

Ripple’s XRP has been showing strong bullish movement, breaking above the $2 mark and continuing to climb. The cryptocurrency is now heading toward its next major price targets. However, in the short term, XRP is experiencing resistance.

🔸 #XRP Breaks Above $2 and Faces Resistance

Over the past day, XRP has experienced a significant price increase, surpassing $2. According to analyst Josh of Crypto World, once XRP breaks above this level, it tends to make a swift move upwards. The next key level of resistance is $2.50, which XRP has already approached. If XRP can successfully push past $2.50, the next target will likely be $2.75, based on previous price action from January 2018, when XRP experienced key weekly closes in that range. However, at the time of writing, XRP is up by more than 11 percent and is trading at $2.73 levels.

🔸 $3 Target: Psychological and Fibonacci Resistance

Looking further ahead, the next significant price target for XRP is $3. This level represents both a psychological resistance and a key Fibonacci extension point, specifically the 1.618 level. The $3 mark is often viewed as a milestone for many traders, and it is highly likely that XRP will face resistance at this level.

However, before reaching $3, XRP needs to break through the resistance zones at $2.50 and $2.75. These are critical levels that could determine whether the cryptocurrency will continue its upward trend or face a potential pullback.

🔸 Support Levels in Case of Pullback

In the event of a pullback, there are two major support levels that traders will be watching closely. The first is at $2, which has already shown some strength as a support level. If XRP were to experience a deeper correction, the next support level would be around $1.60, a level where previous resistance is likely to turn into support.

#Ripple #XRPReclaimsTop3 #XRPTrends

📊 $XRP Price Nears the $3 Mark – What’s Fueling the Mega Rally? Why is XRP Rising?

XRP rose to $2.84, its highest price in six years, making it the third most valuable cryptocurrency in the world.

While it is still below its all-time high of $3.30 set in 2018, experts believe that XRP could surpass that record. Arthur Azizov, CEO of crypto exchange B2BinPay, listed several factors that led to XRP’s dramatic rise.

Donald Trump’s victory in the US presidential election on November 5 has reignited bullish sentiment in the crypto market. Investors are betting that Trump will deliver on his pro-crypto promises, sending the market’s value up 42% to $3.5 trillion. Ripple CEO Brad Garlinghouse said Trump will “make crypto great again.”

Since Trump's win, #XRP has surged fivefold, outpacing gains by Bitcoin, Ethereum, and Solana.

XRP’s recent price surge coincides with a surge in trading following Robinhood’s decision to relist the coin last month. The platform delisted XRP in 2020 amid regulatory scrutiny from the SEC, which accused Ripple of selling unregistered securities.

Analysts say whale activity on Coinbase is also driving XRP’s rally. CryptoQuant CEO Ki Young Ju noted that XRP trading on Coinbase represents a price premium compared to retail-focused platforms like Upbit. Meanwhile, South Korean retail investors are largely contributing to the rally, with XRP trading volumes on exchanges like Upbit and Bithumb surpassing Bitcoin.

SEC Chairman Gary Gensler’s resignation, scheduled for Jan. 20, is seen as a positive sign for Ripple. Gensler’s tenure has been marked by a hostile stance toward cryptocurrencies, including Ripple’s long-running legal battle with the SEC.

Azizov suggested that Gensler’s departure could pave the way for Ripple to resolve its regulatory issues and unlock further growth for XRP.

#Ripple #XRPTrends #XRPReclaimsTop3

💧 $SUI Exchange Outflows Spike, Keeping $3 Level Steady

Sui (SUI) exchange outflows over the last three days have increased, suggesting that the altcoin’s recent decline may not last. As of this writing, SUI’s price is $3.23.

This price is 17% down from its all-time high, which it hit on November 17. Will SUI recover and rally above $4?

🔸 Sui Shows Bullish Signs on Several Fronts

According to Coinglass, Sui Spot Inflow/Outflow since November 30 is cumulatively about $25 million. This inflow/outflow measures the value of tokens sent into exchanges or removed.

When the value is positive, more cryptos have flowed into exchanges. From a price perspective, this indicates potential selling pressure. On the other hand, if the value is negative, it means there are more outflows, suggesting that holders are not willing to sell.

For SUI, it is the latter. Therefore, if this trend continues, SUI’s price might erase its recent 5% drop and probably rally back to its all-time high.

Following the development, data from Santiment shows that SUI’s funding rate is positive. The funding rate shows if long-positioned traders are paying shorts to keep their position open or otherwise.

When the metric is positive, it means longs are paying, and the average trader sentiment is bullish. On the other hand, if the metric is negative, it means shorts are paying longs, and the broader expectation is bearish.

Therefore, the notable rise in the metric suggests that traders expect a rebound. If the Sui exchange outflow continues to rise, the price might bounce, and these traders could become profitable by holding these positions.

🔸 #SUI Price Prediction: Rebound Coming

On the 4-hour chart, SUI bulls appear to be defending the price at $3.21. This support appears to be strong and could prevent the cryptocurrency from a massive decline below $3.

A further look at the chart also shows that trading is also leaning toward rising buying pressure. If sustained, then Sui could validate the bullish thesis.

#SuiNetwork

🚀 #Chainlink Hits $20: Is This the Start of a Major Bull Run?

Chainlink (#LINK ) has risen notably beyond what can be described as a critical level of $19.25 in the market. The cryptocurrency showed a high level of buying pressure as it crossed $20-levels successively with the attention of the traders and analysts. Everything is now focused on the cycle high of $22.90 which can act as the key level for LINK in the following weeks.

🔸 Breaking Through Resistance

This price level has been a significant level of resistance for LINK for several moments before November 4 to attempts to break it failed. This recent breakout, however, shows that there is strong buying pressure that has entered the market and may be as a result of positive market sentiment and other favorable fundamental factors. Breaking past $20 adds another layer of validation to this rally suggesting that LINK might be eyeing even bigger levels.

💬 BOOM!!! $LINK breaking $19.25 resistance with major force, shooting past $20 in the past hour!All eyes now on the cycle high of $22.90. If we break that, to be honest there's not much resistance anymore until all-time high.It can go very fast for Chainlink nowTrade… — Quinten | 048.eth

The next major target is around $22.90, which used to be the high from LINK’s cycle before it started a decline. If the cryptocurrency does manage to find its way through this point, analysts anticipate little hindrance from this point up to the record high.

Stock News – ‘‘Record Highs for Bitcoin and Ethereum Ahead!’’: Analysts Builds Predictive Case for New Crypto Highs In previous instances, it reached either peak or depressive prices in a short time frame, so the $22.90 range is crucial to decide LINK’s near-term trajectory.

🔸 Market Implications and Strategic Considerations for Traders

Chainlink’s decisive bullish price action may bode well for the entire altcoin market. Such breakouts usually mean that the coin has regained the attention of investors and can in some ways inspire other cryptocurrencies.

📈 $XRP Hits $2.77, Becomes Third-Largest Crypto Amid Market Frenzy

Over the past day, XRP, the digital currency, has climbed more than 41% against the U.S. dollar, marking a 431% increase overall.

Trading Mania: XRP’s Explosive Rally Draws Global Attention

Currently riding a wave of momentum, XRP is trading at $2.77 per coin as of 11:20 a.m. ET on Dec. 2. This price point positions XRP as the third-largest cryptocurrency by market value, boasting a market capitalization of approximately $154 billion. On Monday, XRP hit an intraday low of $1.89 per coin before soaring by over 41%.

In trading activity, XRP ranks third in volume, trailing only tether (USDT) and bitcoin (BTC), with a staggering $44 billion in global transactions over the last 24 hours. While tether remains its primary trading pair, the Korean won (KRW) contributes to more than 26% of XRP swaps. At its current price of $2.77, XRP is just 19% shy of its record high of $3.40, achieved on Jan. 7, 2018, nearly seven years ago.

XRP has also taken center stage in derivatives markets, accounting for over $84 million of the day’s $588.66 million in liquidations. Notably, short positions on XRP suffered $55 million in losses, while around $29 million in long positions were also liquidated. The recent price jump and heightened trading activity hint at rekindled investor interest, potentially linked to the currency nearing its historic peak.

Adding to this dynamic is the possibility of regulatory leniency from the U.S. Securities and Exchange Commission (SEC). XRP’s performance suggests a mix of optimism and caution as investors balance its potential for growth with the risks tied to its volatile nature. The exceptional trading volume and significant liquidations highlight the intense action surrounding XRP, showcasing a blend of speculative enthusiasm and calculated strategies in the world of cryptocurrency.

#XRP #Ripple

🤔 Why Has The #Bitcoin Price Never Surpassed $100,000? Here’s an Analyst’s View

Bitcoin started the week on a downward note, dropping nearly 2% to around $95,000 before recovering.

BTC has been hovering between $90,000 and $98,000 for the past two weeks, struggling with persistent resistance at the psychological $100,000 level.

Valentin Fournier, an analyst at BRN, noted the significant hurdles preventing Bitcoin from surpassing this milestone. “Despite strong market catalysts and rising investor confidence, Bitcoin continues to struggle with the psychological barrier of $100,000,” Fournier wrote in an email.

💬 “Profit taking is evident and a significant sell wall of over 4,000 Bitcoins worth approximately $384 million needs to be cleared for further highs to be reached.”

Broader macroeconomic conditions, particularly Fed rate expectations, are also weighing on Bitcoin. Recent data suggests a shift in investor sentiment around the Fed’s next moves. The CME FedWatch tool shows the probability of a 25 basis point rate cut at the Federal Open Market Committee (FOMC) meeting on Dec. 18 has dropped to 61% from 67% last Friday.

This week, investors are keeping a close eye on critical economic reports and Fed officials’ speeches that could impact Bitcoin’s price trajectory. Key events include:

🔺 November Nonfarm Payrolls Report, US Unemployment Rate
🔺 Speech by FED Chairman Jerome Powell
🔺 Two speeches by SEC Chairman Gary Gensler

You can find the date, time and other details of the developments that will take place this week in the Bitcoinsistemi.com special weekly calendar below.

#BTC

📊 #Polkadot Blockchain Academy Opens Applications for Cohort 6 in Swiss Campus

The Polkadot Blockchain Academy (PBA) has revealed that it will be hosting a new developer course in Switzerland as part of its European comeback. Starting in March 2025, Lucerne University of Applied Sciences and Arts (HSLU) will host PBA Campus’s cohort 6.

For the first time in over two years, Polkadot Blockchain Academy is being held in Europe for Cohort 6. As part of the Zug Blockchain initiative and the establishment of the new institution for blockchain research, classes will be given at HSLU’s campus in collaboration with their Blockchain Lab. Developers will learn practical skills for working with Polkadot and using blockchain technology to create innovative web3 applications over the almost three-week session.

Dr. Gavin Wood and many other prominent Polkadot figures will be teaching essential topics at Cohort 6. These will provide students with a comprehensive blockchain education and equip them with the information they need to become the next wave of innovators and thought leaders in blockchain engineering.

Although Polkadot’s tech stack is the main focus of the course material, PBA is intended for blockchain developers from a variety of backgrounds and ecosystems. It is intended for developers who are either web2 developers thinking about moving to web3 or developers who are currently working with blockchain.

The European cohort of PBA is projected to be in great demand, thus they must pass a rigorous screening procedure. Candidates must successfully complete a multiple-choice test proving they understand the basics of blockchain. Polkadot Blockchain Academy has created an online school called PBA-X, which may provide less experienced developers the information they need to pass the test. To get admitted, a programming assignment and interview must be completed satisfactorily.

#DOT

📊 Litecoin Adds $1 Billion to Its Market Cap, LTHs Begin to Liquidate

Litecoin (LTC) has seen its market capitalization grow by 15% in the past week, adding $1 billion as its price reached a two-year high of $119.64.

This surge has led long-term holders (LTH) to sell their coins to secure profits. However, the LTC price rally shows signs of continuing momentum.

🔸 #Litecoin Long-Term Holders Book Gains

BeInCrypto’s on-chain assessment of LTC’s Liveliness metric has revealed a surge in the number of recently moved or spent coins. Per Glassnode, this currently sits at a year-to-date high of 0.71. For context, as of November 1, LTC’s Liveliness had plummeted to a year-to-date low of 0.69.

An asset’s Liveliness provides insights into the spending behavior of its LTHs. It measures the proportion of coins that have been recently moved or spent. When it spikes, it indicates that many long-term holders are liquidating their positions.

Notably, the negative readings from LTC’s Hodler Net Position Change confirm this distribution trend among its LTHs. This metric, which also tracks the behavior of LTHs, has returned only negative values since November 2. In fact, on December 1, it closed at a year-to-date low of -993,199.

When the Hodler Net Position Change is negative, long-term holders (HODLers) are selling more of their holdings than they are accumulating, indicating profit-taking.

🔸 #LTC Price Prediction: The Bulls Remain in Control

Despite the selling activity by the coin’s LTHs, the bullish bias toward the LTC remains significant. At press time, LTC trades above its Ichimoku Cloud, confirming the positive momentum in the market.

This indicator tracks the momentum of an asset’s market trends and identifies potential support/resistance levels. When an asset’s price rests above the Ichimoku Cloud, it indicates a bullish trend, indicating that the asset is in an upward momentum with the potential for further gains.

🚀 Expert Says Realistic $XRP Targets Are $5 to $8, Claims $589 and $1,000 are Fantasy

ony Edward, the host and founder of the Thinking Crypto Podcast, has recently commented on the ongoing discussion about the outlook for XRP in this cycle amid its recent turnaround.

In the past four weeks, XRP has experienced a 4X price surge, reaching $2.50 again after seven years of trading below this level. The speed with which it attained this feat has reignited optimism of ambitious analysts about XRP’s prospects. Some call for far higher double-digit prices, while others even target triple-digit values.

Edward joined the conversation by disclosing his price prediction for XRP, estimating it will reach between $5 and $8. While he remains open to the possibility that XRP could slightly exceed this range, he views this as a realistic and safe projection for the current market cycle.

🔸 XRP Predictions of $589 to $10,000 Targets Are Fantasy

Meanwhile, Edward expressed strong skepticism about the more extreme price forecasts that have circulated in recent weeks. According to him, analysts predicting astronomical figures, like $10,000 for XRP, are delusional. “People calling for $589, $1,000, or $10,000 are out of their minds,” he said.

At press time, XRP is experiencing a pullback, trading at $2.30. To reach $5 from the current level, XRP would need to grow by 118%. Meanwhile, the upper target of $8 requires a growth of 248%.

Given that XRP has seen more substantial growth than these levels since November, some market commentators disagree with a peak of $5 to $8.

Commentators argue that Edward may not fully grasp XRP’s potential. Others insisted that calling for an $8 peak is too early since the bull market could endure for another 12 months.

#XRP #Ripple

🐋 Whales Accumulate $290M in $XRP : A Buying Opportunity?

XRP surged 270% since 2017, outperforming Bitcoin, Ethereum, and Solana, ranking fifth on CoinMarketCap.

Whales moved $290.6M worth of XRP within 24 hours, reflecting growing confidence and bullish market sentiment.

XRP’s price gained 18%, nearing its ATH, but overbought RSI suggests a potential correction ahead.

Ripple’s native token, XRP, is making significant strides in the cryptocurrency market. Recently, the token has outperformed leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). XRP’s price has surged over 270% since Donald Trump assumed the U.S. presidency, securing its position as one of the top-performing cryptocurrencies among the top 10 by market capitalization.

💬 20,000,000 #XRP (37,865,010 USD) transferred from #Upbit to unknown wallet — Whale Alert (@whale_alert) December 1, 2024

🔸 #XRP Surpasses Competitors Amid Rally

Amid the ongoing rally, XRP surpassed Binance Coin (BNB) and Dogecoin (DOGE), highlighting its robust performance. Currently, it ranks fifth on CoinMarketCap, closely trailing Solana (SOL) in the fourth spot. This surge in activity is fueled by growing interest from whales and traders, who exhibit strong confidence in XRP’s potential.

Recently, a post by Whale Alert revealed that whales moved 154.46 million XRP tokens worth $290.6 million within 24 hours. These substantial withdrawals occurred across major cryptocurrency exchanges such as Binance, Bybit, and Bithumb. Analysts interpret this large-scale movement as a sign of growing market confidence in XRP.

🔸 Significant Price Increase Reflects Bullish Sentiment

Consequently, XRP experienced an 18% intraday price increase during this rally, reaching a high of $1.9403. Although it later adjusted to $1.88, the token maintained an impressive 11.15% gain within the past 24 hours. Additionally, XRP’s trading volume rose by 25% during the same period, reflecting increased participation from investors driven by bullish sentiment.

#Ripple $XRP

🔥 Shiba Inu Burns Spike 7,418% In 1 Week – Can SHIB Price Continue Pushing To New Highs?

Shiba Inu, the popular meme coin, has witnessed an extraordinary surge in its burn rate, with a staggering 7,418% increase and over 2 billion SHIB tokens burned over the past week. This significant reduction in circulating supply has ignited optimism among investors, especially with the Shiba Inu price currently trading at yearly highs.

🔸 Shiba Inu Weekly Burn Reaches New Highs

Shibburn, the official platform tracking SHIB token burns, revealed on social media platform X a 7,418% spike in SHIB’s weekly burn rate during the week leading up to November 30. This sharp rise resulted in the removal of approximately 1.937 billion SHIB tokens from circulation, a significant milestone in the ongoing effort to reduce the token’s massive supply.

Following this X post by Shibburn, the momentum of SHIB burns has only increased alongside the Shiba Inu price. At the time of writing, the total number of SHIB tokens burned over the past seven days has exceeded 2 billion, reaching an impressive 2.15 billion SHIB tokens. From this, 386.5 million of these tokens were burned within the last 24 hours alone.

🔸 How Burn Mechanics Impact SHIB Price

Token burns are a mechanism by which cryptocurrency supply is deliberately reduced, aiming to increase scarcity and, in turn, create upward pressure on the asset’s price. For Shiba Inu, which started with an enormous circulating supply, consistent and sizable burns are critical to its long-term valuation prospects. Shiba Inu was created with a total supply of 1 quadrillion tokens, but SHIB burn endeavors have reduced the circulation by almost half.

The latest Shiba Inu burn figures underscore the community’s dedication to this strategy, with over 2 billion tokens removed from circulation within a single week. At the time of writing, the total circulating supply of the meme coin is 589.26 trillion SHIB tokens.

#SHIBA #SHIBAINU