🚀 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.
💥 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.
📊 $SUI Hits New All-Time High Outperforming Other Major Cryptos
As 2024 came to a close with some disappointment for Ethereum enthusiasts, who hoped for its price to reach new highs alongside Bitcoin’s rally, other Layer 1 blockchains are beginning to take the spotlight. Among them, Solana (SOL) and SUI (SUI) are gaining significant attention for their impressive performance in the crypto market.
While Bitcoin touched $98K at the start of 2025, SUI’s native token has surged, breaking its previous all-time high of $4.98, set just weeks ago on December 16, 2024. The current all-time high stands at $5.20, marking a 20% increase in just 24 hours.
Additionally, the daily trading volume skyrocketed by 150%, reaching $2.08 billion. Along with this surge, SUI’s daily trading volume has skyrocketed by 150%, reaching $2.08 billion. These gains have allowed SUI to climb into the 12th spot in the crypto rankings, surpassing Toncoin (TON) and Chainlink (LINK), with a market cap of $15.22 billion.
This rally in SUI price follows a significant spike in open interest, which climbed 40% to hit a record $1.05 billion, according to data from Coinglass. Further, the total value locked in SUI has soared to an all-time high of $1.96 billion, as per DefiLlama data.
This surge in open interest and TVL has acted as a trigger point, fueling further bullish momentum and drawing increased investor attention. Speculation in the market is rising, with many wondering if SUI’s price will hit the $10 mark in the coming days.
🔸 Can #SUI Maintain Its Bullish Momentum? Key Levels to Watch
Technical indicators also show strong bullish momentum for SUI. Its price is trading well above the Ichimoku Cloud on the 4-hour SUI/USDT chart, signaling potential for further upward movement. Further, the MACD above the signal line confirms this momentum
Looking ahead, an RSI of 75 on the 4-hour time frame indicates that SUI is currently in an overbought zone—signaling strong bullish momentum with buyers dominating the market.
⭐️ Trump hated crypto before he loved it. So what? That’s half the community
The Daily Telegraph thinks it’s funny. Donald Trump hated crypto, called Bitcoin a scam, and slammed it as competition for the dollar. Now he’s calling himself the “crypto president.”
The paper paints his conversion as some kind of warning sign, a red flag waving over the world. But let’s get real — half of the crypto community used to not care for Bitcoin too. Trump isn’t the first skeptic turned believer, and he won’t be the last. That’s literally the whole point of the industry.
Jeremy Warner, assistant editor at The Telegraph, recalled Trump’s 2021 Fox News interview, where he said, “Bitcoin, it just seems like a scam” to claim Trump’s love for crypto is “positively Damascene,” before going on to label his pro-crypto plans as reckless.
🔸 Trump’s crypto team: A lineup designed to disrupt
Trump’s administration is staffing up with some of the biggest names in the game. Paul Atkins, the crypto-friendly former SEC commissioner, is set to take charge of the agency. This guy was investing in Bitcoin back in 2011. Yeah, that’s a true believer.
Then there’s David Sacks, a tech veteran and proud blockchain lover. He’s stepping into a newly created role as the White House’s “AI and crypto czar,” though as we reported, he had to delegate some of his responsibilities to the Crypto Council, led by Bo Hines.
Stephen Miran, the nominee for Chair of the Council of Economic Advisers, adds to this powerhouse roster. He’s been a vocal critic of heavy-handed crypto regulation and promises to push for a lighter touch on policies affecting blockchain innovation.
But the biggest headline grabber might be Howard Lutnick, Trump’s pick for Commerce Secretary. Lutnick has a 5% stake in Tether, one of the world’s largest stablecoin issuers. Plus, he’s well-liked in the crypto community. The nerds go crazy for him on X (formerly Twitter).
📣 Can Solana Price Hit $3,000? This Pattern Says It’s Possible
Uncover if Solana price can break out from a cup-and-handle pattern and kickstart a rally to $3,000? Will SOL fundamentals support this?
Solana price breached key resistance levels recently after receiving a boost due to Bitcoin’s recovery. This outlook opens the path for a bullish outlook. As a result, analysts are suggesting that SOL’s bullish pattern could send it as high as $3,000 if it breaks out successfully. Could this technical formation mark the beginning of a historic rally for Solana?
🔸 #Solana Price Eyes $3,000 According to This Pattern
Crypto analyst Ali forecasts that Solana price may be gearing up for a significant rally. According to him he highlights a potential cup-and-handle formation on its chart. This technical pattern is often associated with bullish breakouts, hinting that SOL could target the $4,000 level in the near future.
The cup-and-handle pattern observed in SOL’s price suggests an accumulation phase followed by a breakout. Currently hovering near $216, Solana’s trajectory shows signs of consolidation near critical Fibonacci retracement levels. The analyst emphasizes that the $208-$240 range could act as a support zone, setting the stage for the next leg up.
If the pattern holds true, the Fibonacci extensions project potential resistance at $477, $1,367, and $2,279 before reaching the ambitious target just shy of $4,400. A move to this level would mark an extraordinary 1,861% increase from its current price, showcasing the potential power of this technical setup.
Solana’s recent momentum has also been fueled by a resurgence in on-chain activity and the broader crypto market’s bullish sentiment.
The SOL price is trading at $217.08 on January 4, 2025,making a surge of 5% in the past 24-hours and 17% in the past week. This aligns with other surge in the crypto market, with BTC edging close to $100k.
⭐️ Expert Says Dogecoin to $1 is Reasonable as $DOGE Enters Distribution Phase
Trader Tardigrade, a notable market analyst, believes the Dogecoin to $1 target is reasonable as DOGE enters the distribution phase of his PO3 pattern.
The market commentator disclosed this in his latest update on Dogecoin’s price movements today. For context, despite closing last year, 2024, with an impressive 252% increase, DOGE witnessed bearish turbulence in December 2024, ending the month with a 25% drop.
During the bearish December period, Tardigrade called attention to what he called the Power of Three (PO3) pattern on the daily chart, as reported by The Crypto Basic. Notably, the chart structure features three different phases: Accumulation, Manipulation and Distribution.
According to Tardigrade, Dogecoin entered the Accumulation phase when it witnessed an impressive price upswing on the back of President-elect Donald Trump’s win in the November 2024 election.
This Accumulation phase endured until Dec. 17, 2024, when #DOGE witnessed a pullback. The pullback led to the bearish December period, leading to the Manipulation phase. Tardigrade’s chart indicates that the Manipulation phase, which featured price declines and consolidation, lasted until the end of the year, 2024.
Interestingly, Dogecoin witnessed an impressive price recovery on the back of a market-wide upswing as the new year, 2025, took form. The meme coin is already up 23.15% with just four days into the new year. Tardigrade confirmed that this rebound has catapulted Dogecoin into the bullish Distribution phase.
🔸 Dogecoin to $1
In his latest analysis, the market watcher contended that the Dogecoin to $1 price goal is reasonable, as the meme coin navigates the Distribution phase. According to him, this phase would likely push Dogecoin to $1, representing a 157% increase from current prices. This is lower than the 160% spike Dogecoin recorded in November 2024.
⚡️ $ICP price recovers as Internet Computer token burn accelerates
Internet Computer token rose for the third consecutive day as data showed an intensified burn cycle for the token.
Internet Computer (ICP) token climbed to an intraday high of $12, significantly higher than last month’s low of $8.83.
A likely reason for the surge is the latest data showing that the ICP burn cycle continues to rise, signaling the token’s value to developers and users. The cycle burn rate has jumped by over 8,800% on an annual basis.
According to the dashboard, the cycle burn rate now stands at over 849 billion cycles, surpassing the 90-day average of 512 billion. This indicates that the network is performing well and that the number of ICP tokens in circulation is not expanding rapidly. As shown below, the burn rate has been steadily rising over the past few months.
Further data shows that the number of canisters, or smart contracts, in the Internet Computer protocol has reached a record high of 879,670. This is a significant increase from 374,000 during the same period last year.
However, the growth of Internet Computer’s ecosystem has stalled recently. According to DeFi Llama, the network has only 11 decentralized financeapps, with a total value locked of just over $52 million. This makes it much smaller than other popular chains like Base and Sui.
The daily chart shows that the Internet Computer token has bounced back after hitting a low of $8.83 in December. It has broken above the crucial resistance level at $10.97, the highest swing point from July last year.
ICP has also moved above the 50-day and 200-day Exponential Moving Averages, suggesting that bulls are gaining momentum. The token is now hovering around the 50% Fibonacci Retracement level and slightly above the lower boundary of the Murrey Math Lines trading range.
Most notably, ICP has broken through the key resistance level at $11.60, which was the neckline of a double-bottom pattern at $9.40.
🔥 $EOS , $IOTA , #Hedera prices lead as Bitcoin stalls at $97k
Popular layer-2 cryptocurrencies like EOS, IOTA, and Hedera Hashgraph were among the top gainers on Friday as Bitcoin found resistance at $97,000.
EOS (EOS) surged to $0.9570, rising over 36% from its December low and pushing its valuation to more than $1.2 billion. The token’s jump was driven by Binance’s announcement of an APR boost airdrop through the BNSOL Super Stake program. The boost will begin on January 6 and run through January 20, with users set to receive 320,656 EOS tokens valued at nearly $300,000.
EOS, launched by Block.one, had a strong performance in 2024 as its turnaround strategy progressed. Its total value locked in the DeFiindustry space rose to over $254 million, fueled by projects such as EOS Rex, Defibox, and Paycash.
Hedera Hashgraph (HBAR) rose by more than 10%, reaching a high of $0.3200. The token is up over 630% from its 2024 lows. Its latest rally is linked to speculation about a potential HBAR ETF, with expectations growing ahead of Donald Trump’s swearing-in later this month.
Eric Balchunas, head of ETF strategy at Bloomberg, predicted that the SEC will approve a spot HBAR ETF. He noted that the agency has not previously categorized Hedera as a security, which increases the likelihood of approval.
Hedera’s ecosystem has also seen growth, with its TVL climbing to $186 million, supported by platforms like Stader, Bonzo Finance, and HLiquity.
IOTA (#IOTA ) price increased for three consecutive days, forming a bullish chart pattern known as the “three white crows,” characterized by three consecutive bullish candlesticks.
IOTA’s rebound, which we predicted, is because, as shown below, the token formed a falling wedge and a double-bottom pattern at $0.2785. It has also bounced back ahead of the Rebased upgrade, which will introduce more features like staking, full decentralization, and parallelized MoveVM.
💰 16 years since the launch of the #Bitcoin network!
On January 3, 2009, Satoshi Nakamoto launched the Bitcoin mainnet by mining the very first block (the genesis block) by sending 50 BTC.
The hash of this block contains a message left by Satoshi - the headline of a Times article, "Chancellor on brink of second bailout for banks."
The article discussed how UK Chancellor of the Exchequer Alistair Darling is being forced to consider new measures to rescue banks amid the economic crisis.
📊 Shiba Inu Eyes Monthly High as Large Holders Increase Their Accumulation
Leading meme coin Shiba Inu (SHIB) has seen a steady price climb over the past week. This price growth has been fueled by accumulation by its large holders, commonly known as whales.
This consistent buying pressure has positioned SHIB for further potential gains, with the coin now eyeing a monthly high.
🔸 Shiba Inu’s Reduced Selling and Whale Interest Fuel Rally
According to IntoTheBlock, SHIB has noted a 16% rise in its large holders’ netflow over the past week. These are whale addresses that hold more than 0.1% of the meme coin’s circulating supply. Their netflow tracks the difference between the coins they buy and the amount they sell over a specific period.
When large holders’ netflow increases for an asset, it means that more tokens flow into the wallets of major investors or institutions than flow out. This trend indicates that these holders are accumulating the asset, signaling confidence in its future value.
Further, SHIB’s price rally has also been driven by the general market’s reduced selling activity out of fear of incurring losses. Per Santiment’s data, the coin’s negative Network Realized Profit/Loss metric indicates that many traders who sold their coins over the past week did so at a loss.
Hence, the desire to make gains on their investments has deterred many SHIB holders from selling, contributing to its price hike.
🔸 #SHIB Price Prediction: Profit-Taking Could Cause Decline
At press time, the meme coin trades at $0.000022. If selling pressure remains minimal and its whales intensify their accumulation, the Shiba Inu coin price will breach resistance at $0.000026 and revisit the $0.000033 monthly high.
On the other hand, if traders start to turn a profit and selling pressure strengthens, the meme coin could shed its recent gains and drop below $0.000021.
Yesterday, MicroStrategy CEO Michael Saylor met with Donald Trump's son Eric Trump at Mar-a-Lago. The details of their meeting have not been publicly disclosed, but they likely discussed cryptocurrency-related issues, which has led to rumors that the creation of a BTC strategic reserve in the United States could be done in 2025, after Trump's inauguration.
The total crypto market cap (TOTAL) and Bitcoin (BTC) have noted decent gains over the past day, with the former rising by nearly $100 billion. DeXe (DEXE) made its mark among the altcoins today, nearly closing above $20 over the last 24 hours.
🔸 The Crypto Market Is In Green
The total crypto market cap surged by nearly $100 billion in the past 24 hours, reaching $3.34 trillion. Currently, TOTAL is holding above the critical $3.28 trillion support level, reflecting strong momentum and renewed investor confidence.
This recent uptick positions TOTAL closer to testing the $3.49 trillion resistance. To achieve this milestone, the market cap must first solidify $3.28 trillion as support and bounce off it. Securing this level would provide a strong foundation for continued growth in the near term.
However, failure to maintain $3.28 trillion as support could lead to a decline toward $3.10 trillion. Such a drop would erase the gains recorded over the past few days, emphasizing the importance of sustaining key levels to preserve market optimism.
Bitcoin is trading at $97,077, having successfully turned $95,668 into a strong support floor. The cryptocurrency is now nearing the critical $100,000 level, signaling renewed investor optimism and strong market momentum.
As Bitcoin celebrates 16 years since the Genesis block, this milestone has infused bullish sentiment into the market. The enthusiasm surrounding this historic event is contributing to BTC’s recent rise, highlighting its importance in driving confidence among investors.
On the other hand, if the current optimism fades, Bitcoin’s price could drop below $95,668, jeopardizing the bullish outlook. A decline to $93,625 could follow, highlighting the need for sustained momentum to maintain upward progress.
🔥 Dogecoin price stalls as #DOGE ETF approval odds fall
Dogecoin price remained in a tight range this week as Polymarket odds for a potential DOGE ETF declined.
Dogecoin (DOGE), the largest meme coin, rose by about 6% on Dec. 2, bringing its seven-day gains to 7.5%. However, the momentum may reverse as a Polymarket poll shows that the odds of the Securities and Exchange Commission approving a spot DOGE ETF this year dropped to 26%, down from a high of 50% last week.
In contrast, Polymarket users expect that the SEC will approve a Solana (SOL) ETF later this year, with odds being at 76%. The odds of a Ripple (XRP) ETF are at 70%.
The weaker odds for a DOGE ETF likely stem from the absence of an application by any financial services company. In contrast, WisdomTree, a $100 billion asset manager, has filed for a Ripple ETF. Additionally, the SEC has a Jan. 31 deadline to approve or reject Solana ETFs proposed by companies like Grayscale, 21Shares, and VanEck.
Still, there is a possibility that one or more companies will file for a Dogecoin ETF if the SEC, under Paul Atkins, shows flexibility on crypto funds. Such an ETF could see approval more easily, as Dogecoin is a proof-of-work cryptocurrency similar to Bitcoin.
DOGE also holds a significant position in the crypto industry, with a market cap of $50 billion—approximately $16 billion lower than MicroStrategy’s. MicroStrategy has multiple leveraged and covered call ETFs.
The daily chart shows that DOGE bottomed at $0.2635 in December and has since recovered to $0.3382. It has moved toward the 50-day moving average, while the Relative Strength Index is attempting to break above the descending trendline.
The Percentage Price Oscillator has formed a bullish crossover. Additionally, the accumulation and distribution indicator remains elevated, suggesting that investors are gradually accumulating DOGE.
The market has been showing signs of strength, especially with the recent break rally. This suggests that the bearish trend might be losing momentum, increasing the probability of an upward breakout. Altcoins are also looking promising, with several coins potentially completing their corrections and gearing up for the next upward movement in Q1.
Bitcoin is at a crucial juncture. The price is testing important resistance levels, and breaking above them could open the door for further upside potential. On the weekly Bitcoin chart, Bitcoin remains in a larger bull market. Although there has been a slight slowdown recently, it mirrors the pattern observed in 2023. In October of that year, a bullish crossover on the MACD preceded a significant upward move, which could potentially repeat itself.
MicroStrategy’s recent Bitcoin purchase is one of the main reasons behind Bitcoin’s recent surge. Led by Michael Saylor, the company continues to bet on Bitcoin’s long-term value. This rally is also part of a larger trend in the cryptocurrency market, fueled by factors like:
🔺 Institutional Interest: Big companies and investors are getting more involved in Bitcoin.
🔺 Clearer Regulations: More countries are providing clearer rules, making investors more confident.
🔺 Positive Economic Signals: Global financial concerns are driving people to Bitcoin as a safe asset.
🔺 Bitcoin as a Reserve: More companies are seeing Bitcoin as a valuable asset to hold for the long term.
Looking at the daily chart, Bitcoin has reacted to the 23.6% Fibonacci retracement level. This is an important support level, often seen in corrective phases. While it’s possible that Bitcoin’s current pullback might be complete, more evidence is needed before confirming this.
Bitcoin has not yet confirmed a local top. The recent rally started early yesterday, and it’s important to watch key resistance levels. The first key level to look out for is the previous swing high at $97,450.
📊 Celsius Network appeals $2B disparagement claim rejection against FTX
Celsius Network filed a notice of appeal on Dec. 31, contesting Judge John Dorsey’s decision to disallow the bankrupt crypto lender’s $2 billion disparagement claim against defunct crypto exchange FTX.
The appeal, now slated for review in the District Court, marks the latest development in the ongoing legal confrontation between the two embattled crypto firms.
🔸 Allegations of disparagement
The appeal stems from Celsius’ assertions that defamatory statements made by FTX executives, employees, and affiliates negatively impacted the company’s reputation and financial health, allegedly accelerating its bankruptcy in July 2022.
Celsius contended that FTX’s public comments reduced confidence in its services, driving customers to withdraw funds and ultimately pushing the platform toward insolvency.
According to court filings, Celsius initially filed a $2 billion claim citing “unsubstantiated and disparaging statements” circulated by FTX insiders. However, FTX resisted the claim, arguing that Celsius’ assertions lacked sufficient evidence and fell outside the scope of bankruptcy claims.
🔸 Amended claim
In December, more than a year after the initial claim, Celsius amended its filing, reducing the requested amount to $444 million. This revised claim shifted focus to preferential transfers, alleging that certain payments made to FTX prior to its bankruptcy should be clawed back.
However, Judge Dorsey disallowed both the original and amended claims, citing procedural deficiencies.
The ruling highlighted that Celsius failed to seek court approval for the late amendment, ultimately sustaining FTX’s objection. Dorsey’s conclusion emphasized that the amended claim could not bypass procedural requirements, regardless of the substantive nature of the allegations.
The case highlights the fierce legal battles erupting across the crypto sector as firms embroiled in bankruptcy proceedings attempt to recover assets and mitigate losses.
📈 $XRP Is Up 11%, But Its Rival Is Dwarfing Its Gains
The price of #XRP , one of the biggest cryptocurrencies by market capitalization, has soared by more than 11% over the past 24 hours, according to data provided by cryptocurrency ranking site CoinGecko.
In fact, it is one of the best-performing cryptocurrencies, dwarfing the gains of such major altcoins as Ethereum (#ETH ).
This is a stunning start for the cryptocurrency that has been dominating throughout the fourth quarter. It recently secured its yearly close to date in December.
More than $7 million worth of #XRP shorts have been liquidated in 24 hours, according to data provided by CoinGlass. OKX, Binance, and CoinEx are the leading exchanges by the amount of liquidated crypto. Short positions account for nearly 80% of the wipeout.
🔸 XLM's eye-popping gains
Still, XRP's gains pale in comparison to those recorded by Stellar (XLM).
XLM has emerged as the best-performing token over the past 24 hours in the top 100, soaring by more than 100%.
The two tokens tend to move in tandem since investors tend to put them in the same mental basket.
Stellar was, of course, created by Ripple co-founder Jed McCaleb.
McCaleb recently explained that XLM was drastically different from XRP. The tokens have different features and consensus mechanisms.
🔸 Other top performers
Apart from XRP and XLM, several other altcoins have also secured impressive gains.
Algorand (#ALGO ) is up by more than 13% while Hedera (HBAR) is up by more than 9%.
Cardano (#ADA ) is also among the best-performing tokens over the past 24 hours.
⭐️ VeChain News: Tokenization and Carbon Markets—A Game-Changer for 2025
VeChain makes a strong prediction for the year 2025, stating that 2024 has already established a strong base for blockchain-driven transformation. It notes that real-world assets (RWA) tokenization has emerged as the key pillar of a new digital economy.
Tokenization, the process of converting assets into digital tokens, promises a future defined by efficiency, transparency, and rapid trading capabilities. According to VeChain, blockchain and tokenization offer a vital solution by integrating fragmented data streams, increasing transparency, and unlocking carbon markets’ potential as instruments for meaningful change.
“We see vast potential for blockchain and tokenization across all aspects of the modern economy,” the company noted, pointing to 2025 as a pivotal year for the crypto sector’s evolution. As reported by Crypto News Flash, tokenization is among the three key trends likely to take the crypto market to new heights.
Additionally, the VeChain-powered VeBetterDAO platform has been eyeing a major opportunity in the $16 trillion tokenization market, likely to grow over the next decade. VeBetterDAO is reshaping the future of sustainable assets by creating a platform where individuals, businesses, and non-profits can connect and align their sustainability initiatives.
Operating as a decentralized autonomous organization (DAO), the community also holds full control over decision-making, ensuring transparency and collective governance in advancing sustainable missions, reported CNF.
💬 2024 has truly opened the door to the blockchain revolution.Tokenization – the act of representing assets in all their forms as digital tokens – marks the start of a new kind of economy based on efficiency, transparency, and high speed trading.With almost every market.. — VeChain (@vechainofficial) December 30, 2024
🐸 PEPE’s Rally Hits a Roadblock as Musk Effect Diminishes
Popular meme coin Pepe (PEPE) experienced a 12% price surge on Tuesday following Elon Musk’s move on X. He changed his display name to “Kekius Maximus” and adopted the Pepe the Frog avatar, referencing the online game Path of Exile.
However, this initial excitement has turned out to be short-lived. As the hype surrounding Musk’s actions begins to subside, PEPE has already started to shed some of its recent gains.
🔸 #PEPE ’s Short-Lived Rally: No Thanks to Elon Musk
On Tuesday, tech billionaire Elon Musk gave his X profile a new makeover, adopting the moniker “Kekius Maximus.” Musk replaced his profile picture with the ‘Pepe the Frog’ meme along with the new name, reimagining the character as a warrior clad in armor and wielding a video game joystick.
This move led to a surge in optimism around the PEPE meme coin, which drove its value by 12% during the trading period. However, this initial excitement appears short-lived, as the meme coin has initiated a decline. Over the past 24 hours, its value has decreased by 4%.
During that period, PEPE’s trading volume has rocketed by 31%. When an asset’s price declines while its trading volume surges, it may indicate increased selling pressure as more participants look to exit their positions. It signals that the price growth is driven by mere market speculation and not by actual demand for the asset and, therefore, not sustainable.
Moreover, the surge in PEPE’s spot outflows further reinforces this bearish outlook. According to Coinglass, over the past 24 hours, $6.34 million has been withdrawn from the spot market. This stands in stark contrast to the $45 million in PEPE inflows recorded on Tuesday.
When an asset experiences spot outflows, it means more of the asset is being sold or withdrawn from the market than bought. This signals a decrease in demand as investors or traders are moving their holdings away from the asset.
⭐️ Here Are $XRP Price Predictions for 2025 as XRP Records Highest Ever Yearly Close
XRP has achieved a key milestone with its 2024 close, as analysts anticipate new heights in 2025.
For many in the crypto market, XRP is perhaps the comeback story of 2024. After years of underperforming the broader crypto market, the asset surged in 2024, nearing its all-time high and recording a significant milestone.
In 2024, XRP rose by over 370% from an opening price of $0.61511, briefly trading as high as $2.90550. While the asset could not beat its all-time high price of $3.84 from 2018, it demonstrated considerable strength.
Specifically, XRP closed the year at $2.07924, the first time it has closed above $2 in its history.
The strong momentum comes as many now anticipate that the asset will get greater regulatory clarity soon with the incoming Donald Trump administration, which has committed to establishing a pro-crypto policy.
Already, the president-elect appears to be following through with his campaign promises with several pro-crypto nominations to key offices, including Paul Atkins for the top job of the SEC.
With the turn of the new year, the question becomes whether XRP can build on its 2024 momentum. One analyst has attempted to answer this question using a key statistical indicator.
Prominent crypto analyst EGRAG recently offered key price targets for XRP in 2025 using the Linear Regression Channel indicator. This tool helps identify market trends and overbought/oversold conditions by establishing a mean value from historical time and price data, with channel bounds created at one standard deviation.
Combining this with Fibonacci extensions, EGRAG predicts XRP could reach the upper channel line in Q1 2025, targeting $6.4, aligning with the 1.618 Fibonacci level.
At the same time, he noted that a break above the upper bounds of the channel could send XRP’s price to the $8.5 price point, aligning with the 1.272 level of a second Fibonacci expansion.
🟣 Polkadot’s Mid-Term Correction Ends as Technical Patterns Align for a Breakout Toward $18-$20 in 2025
Polkadot’s (DOT) price shows signs of a bullish reversal with multiple technical indicators aligning. The 1D chart shows a Falling Wedge, a pattern that often signals strong price movements. This mid-term correction appears to be ending, setting the stage for a breakout.
💬 $DOT 1D chartThis mid term correction is coming to an endI like this Falling Wedge and I think DOT will break out of it. Standard Falling Wedge target is $9-9.5 but as you know I’m expecting BTC.D to collapse in Q1 So I think we should zoom out and aim higher🎯 My… — CryptoBullet December 31, 2024
The Falling Wedge pattern highlights weakening bearish pressure. Converging trend lines and reduced volume suggest a buildup in bullish momentum. The price is consolidating near the 0.618 Fibonacci retracement level, a critical support zone. This level often serves as a springboard for upward moves.
The 100-day moving average (MA100) sits below the price structure, offering additional support. A breakout above the upper wedge line could trigger a rally toward higher resistance levels.
🔸 Cup and Handle Pattern Adds Bullish Potential
Beyond the Falling Wedge, Polkadot is forming a Cup and Handle pattern on higher time frames. This rare formation suggests a long-term bullish outlook. The cup represents a rounded bottom, indicating accumulation, while the handle indicates a consolidation phase. If confirmed, this pattern could propel DOT to new highs in 2025.
The potential upside from the Cup and Handle aligns with the $18-$20 target zone. Historical data shows this pattern often leads to sustained rallies, especially in strong market conditions.
🔸 Initial and Extended Targets
The immediate target for the Falling Wedge breakout is $9-$9.50. This range coincides with horizontal resistance from previous price action. However, if Bitcoin dominance weakens in Q1 2025, altcoins like DOT could see accelerated gains.