Cryptonews
45.7M views
17,321 Posts
Hot
Latest
đ¨ Hawkish Fed Leaves Bitcoin Market Most Fearful in 3 Months đ¨
Bitcoin traders are feeling the heat as the Federal Reserve's hawkish stance disrupts bullish sentiment across risk assets. With rising demand for put options and a shift in market sentiment, hereâs whatâs driving the fear
đĽ Key Developments
1ď¸âŁ Fedâs Rate Cut Comes with Caution
On Wednesday, the Fed cut its benchmark rate by 25 basis points to the 4.25% - 4.5% range, a 100 bps reduction from the September level.
However, Chairman Jerome Powell expressed caution about future rate cuts, signaling a slower pace of easing than the market had anticipated.
The Fed's "dot plot" showed expectations for only 2 rate cuts in 2025, compared to the 4 cuts projected in September.
2ď¸âŁ BTC Price Reaction
After the announcement, BTC dropped from $105,000 to under $99,000, highlighting the marketâs sensitivity to hawkish Fed moves.
As of this writing, Bitcoin has rebounded to $101,200, but bearish sentiment remains strong.
3ď¸âŁ Options Market Shows Increased Fear
The call-put skew for 7-day BTC options on Deribit shows the most significant shift toward puts (downside protection) since September 2023.
Put options are now trading at a premium to calls, suggesting traders are scrambling to hedge against further downside risk.
Longer-term options (2 to 6 months) also show a reduction in call premiums, signaling that traders are expecting weaker bullish momentum.
4ď¸âŁ US Dollar (DXY) Stays Strong
The US Dollar Index (DXY) remains firm around 108, its highest level since October 2022.
A strong dollar often weakens risk assets like Bitcoin, as investors seek safe-haven exposure.
đ Market Sentiment Breakdown
Short-Term Fear: Traders are bracing for further Bitcoin price declines, as indicated by the increased cost of put options.
Weaker Call Bias: The premium on calls has dropped, reflecting reduced optimism for BTC price increases in the next 2 to 6 months.
Hawkish Fed = Risk Aversion: Powellâs caution about the speed of future rate cuts has led to a sell-off in risk assets like BTC and Dow Jones (down 2.5%).
đ What Does This Mean for BTC?
1ď¸âŁ Short-Term Pressure: Increased demand for put options indicates traders are hedging against a continuation of the current downtrend.
2ď¸âŁ Rate Uncertainty: The Fed's hesitation to cut rates aggressively could weigh on BTC, especially with the dollar strengthening.
3ď¸âŁ Potential Recovery: If BTC can reclaim and hold above $105,000, sentiment could shift, but for now, $99,000 serves as key support.
đ˘ Final Takeaway
The Fedâs hawkish tone has rattled the market, causing Bitcoin to fall below $99,000 before stabilizing near $101,200. With the US dollar at a yearly high and options data signaling increased fear, short-term pressure on BTC is likely to persist. Investors should remain cautious as the Fed's slower-than-expected rate cuts continue to weigh on risk assets.
Stay alert, watch for volatility, and avoid impulsive moves in the current market climate.
#MarketCorrectionBuyOrHODL #Cryptonews #FullMarketBullRun #MarketPullback #BinanceAlphaAlert $BTC
$BNB
đĽ Key Developments
1ď¸âŁ Fedâs Rate Cut Comes with Caution
On Wednesday, the Fed cut its benchmark rate by 25 basis points to the 4.25% - 4.5% range, a 100 bps reduction from the September level.
However, Chairman Jerome Powell expressed caution about future rate cuts, signaling a slower pace of easing than the market had anticipated.
The Fed's "dot plot" showed expectations for only 2 rate cuts in 2025, compared to the 4 cuts projected in September.
2ď¸âŁ BTC Price Reaction
After the announcement, BTC dropped from $105,000 to under $99,000, highlighting the marketâs sensitivity to hawkish Fed moves.
As of this writing, Bitcoin has rebounded to $101,200, but bearish sentiment remains strong.
3ď¸âŁ Options Market Shows Increased Fear
The call-put skew for 7-day BTC options on Deribit shows the most significant shift toward puts (downside protection) since September 2023.
Put options are now trading at a premium to calls, suggesting traders are scrambling to hedge against further downside risk.
Longer-term options (2 to 6 months) also show a reduction in call premiums, signaling that traders are expecting weaker bullish momentum.
4ď¸âŁ US Dollar (DXY) Stays Strong
The US Dollar Index (DXY) remains firm around 108, its highest level since October 2022.
A strong dollar often weakens risk assets like Bitcoin, as investors seek safe-haven exposure.
đ Market Sentiment Breakdown
Short-Term Fear: Traders are bracing for further Bitcoin price declines, as indicated by the increased cost of put options.
Weaker Call Bias: The premium on calls has dropped, reflecting reduced optimism for BTC price increases in the next 2 to 6 months.
Hawkish Fed = Risk Aversion: Powellâs caution about the speed of future rate cuts has led to a sell-off in risk assets like BTC and Dow Jones (down 2.5%).
đ What Does This Mean for BTC?
1ď¸âŁ Short-Term Pressure: Increased demand for put options indicates traders are hedging against a continuation of the current downtrend.
2ď¸âŁ Rate Uncertainty: The Fed's hesitation to cut rates aggressively could weigh on BTC, especially with the dollar strengthening.
3ď¸âŁ Potential Recovery: If BTC can reclaim and hold above $105,000, sentiment could shift, but for now, $99,000 serves as key support.
đ˘ Final Takeaway
The Fedâs hawkish tone has rattled the market, causing Bitcoin to fall below $99,000 before stabilizing near $101,200. With the US dollar at a yearly high and options data signaling increased fear, short-term pressure on BTC is likely to persist. Investors should remain cautious as the Fed's slower-than-expected rate cuts continue to weigh on risk assets.
Stay alert, watch for volatility, and avoid impulsive moves in the current market climate.
#MarketCorrectionBuyOrHODL #Cryptonews #FullMarketBullRun #MarketPullback #BinanceAlphaAlert $BTC
$BNB
A #Bitcoin user has mistakenly paid an outrageous 8.18 Bitcoin ($808,564) for a single transaction, paying over 98% of the intended transfer amount on fees.
In todayâs Bitcoin news, an unlucky user has paid one of the highest Bitcoin transaction fees in history. Per data, he accidentally spent 8.18 BTC ($808,564) on a single transaction.
Transaction Details
Whale Alert drew the crypto communityâs attention to the outrageous fee. The on-chain tracker tweeted that a user had just spent 8.18 bitcoin on a single transaction.
Further analysis from Mempool shows that the wallet âbc1qdfâ made the blunder on Thursday by 20:27 (UTC). The address moved 0.142 BTC ($14,042) to two addresses for a staggering 8.18 BTC ($808,564) transaction fee.
Mempool shows that the wallet overpaid the transaction cost by 98,720 times the average gas fee on the Bitcoin network. Furthermore, the fee is the second most expensive in the network, lagging only to a userâs 83.65 BTC ($3.1 million at the time) transfer cost.
Meanwhile, data shows that Foundry Services USA is the miner behind the transaction, which was approved at block height 875475.
At the time of writing, the sending walletâs confirmed balance is 0.042 BTC ($4,067), indicating that the miner has yet to return the overpaid fees. All indications suggest the user mistakenly paid the outrageous fee, but this remains unconfirmed at press time.
#Cryptonews
In todayâs Bitcoin news, an unlucky user has paid one of the highest Bitcoin transaction fees in history. Per data, he accidentally spent 8.18 BTC ($808,564) on a single transaction.
Transaction Details
Whale Alert drew the crypto communityâs attention to the outrageous fee. The on-chain tracker tweeted that a user had just spent 8.18 bitcoin on a single transaction.
Further analysis from Mempool shows that the wallet âbc1qdfâ made the blunder on Thursday by 20:27 (UTC). The address moved 0.142 BTC ($14,042) to two addresses for a staggering 8.18 BTC ($808,564) transaction fee.
Mempool shows that the wallet overpaid the transaction cost by 98,720 times the average gas fee on the Bitcoin network. Furthermore, the fee is the second most expensive in the network, lagging only to a userâs 83.65 BTC ($3.1 million at the time) transfer cost.
Meanwhile, data shows that Foundry Services USA is the miner behind the transaction, which was approved at block height 875475.
At the time of writing, the sending walletâs confirmed balance is 0.042 BTC ($4,067), indicating that the miner has yet to return the overpaid fees. All indications suggest the user mistakenly paid the outrageous fee, but this remains unconfirmed at press time.
#Cryptonews
Glysolid:
đđđ it wouldn't have happened to me. I don't have all that money! đ¤Łđ¤Łđ¤Łđ¤Ł
"XRP Breaks 5.5-Year ConsolidationâTargets $251 After Key Phase Transition"
A notable market commentator sees #XRP rallying to a three-figure price level after its breakout from a multi-year consolidation phase.
Read more on: https://thecryptobasic.com/2024/12/20/analyst-projects-xrp-rally-to-251-following-5-5-year-consolidation-phase-breakout/
#Cryptonews
Read more on: https://thecryptobasic.com/2024/12/20/analyst-projects-xrp-rally-to-251-following-5-5-year-consolidation-phase-breakout/
#Cryptonews
The #Ripple -USD (RLUSD) stablecoin reached a value of $1,200 per coin before launch, with CTO David Schwartz explaining the reason behind the pricing.
Rippleâs RLUSD launched on December 17, birthing a native stablecoin on the XRPL network. The launch sparked positive sentiments around the XRP ecosystem and contributed to a short-lived bullish push above $2.70.
Before then, RLUSD saw an unusual pricing on some wallets, with its valuation reaching as high as $1,200. Notably, this was abnormal, considering it is a stablecoin that should maintain a $1 valuation.
Community Discloses Abnormal RLUSD Pricing
Some XRP enthusiasts disclosed the abnormal pricing on X (formerly Twitter). For instance, a user shared a screenshot of the RLUSDâs pricing against XRP on the Xaman wallet, with 1 RLUSD valued at 511.20 XRP ($1,200 at the time).
Furthermore, a community figure confirmed the pricing, inquiring if it would stay that way until the launch, potentially pushing XRP to the lofty price. Notably, his comments align with a faction of the XRP community speculating that the RLUSD stablecoin will push XRPâs price higher.
Ripple CTO Provides Clarification
However, Rippleâs Chief Technology Officer David Schwartz explained the factor driving the RLUSD price spike using simple economics. He tweeted that the XRPL-based stablecoin will see price spikes in its early days due to limited supply and growing demand.
#Cryptonews
Rippleâs RLUSD launched on December 17, birthing a native stablecoin on the XRPL network. The launch sparked positive sentiments around the XRP ecosystem and contributed to a short-lived bullish push above $2.70.
Before then, RLUSD saw an unusual pricing on some wallets, with its valuation reaching as high as $1,200. Notably, this was abnormal, considering it is a stablecoin that should maintain a $1 valuation.
Community Discloses Abnormal RLUSD Pricing
Some XRP enthusiasts disclosed the abnormal pricing on X (formerly Twitter). For instance, a user shared a screenshot of the RLUSDâs pricing against XRP on the Xaman wallet, with 1 RLUSD valued at 511.20 XRP ($1,200 at the time).
Furthermore, a community figure confirmed the pricing, inquiring if it would stay that way until the launch, potentially pushing XRP to the lofty price. Notably, his comments align with a faction of the XRP community speculating that the RLUSD stablecoin will push XRPâs price higher.
Ripple CTO Provides Clarification
However, Rippleâs Chief Technology Officer David Schwartz explained the factor driving the RLUSD price spike using simple economics. He tweeted that the XRPL-based stablecoin will see price spikes in its early days due to limited supply and growing demand.
#Cryptonews
đ¨ Massive Shiba Inu (SHIB) Transfer Sparks Concern! đ¨
In a dramatic turn of events, 400 billion Shiba Inu (SHIB) tokens have been moved to the Gemini exchange, sending ripples through the crypto community. đ This massive transfer comes amid a 10% price drop for SHIB, coinciding with a recent Bitcoin-related announcement from the Federal Reserve.
đ The Whale's Move: A Shiba Inu whale, who made an incredible profit of $108 million from an early SHIB investment, has transferred 399.99 billion SHIB to Gemini! This shift follows a 21% price drop in just 10 days, pushing SHIB from $0.00002618 to $0.00002345. đ§
đ The Downtrend: The overall market sentiment for SHIB looks bearish, with whales liquidating their memecoins and a broad downturn affecting many tokens. Will SHIB continue its slide, or is this a market correction? đ˝
đĽ Whatâs Next for SHIB?: With Bitcoin dominance on the rise and memecoins losing steam, the future of Shiba Inu hangs in the balance. Could this be a sign of further declines or a potential rebound? Only time will tell. âł
Stay tuned for more updates as the SHIB saga unfolds! đđ #ShibaIn u#Cryptonews #BinanceAlphaAlert
đ The Whale's Move: A Shiba Inu whale, who made an incredible profit of $108 million from an early SHIB investment, has transferred 399.99 billion SHIB to Gemini! This shift follows a 21% price drop in just 10 days, pushing SHIB from $0.00002618 to $0.00002345. đ§
đ The Downtrend: The overall market sentiment for SHIB looks bearish, with whales liquidating their memecoins and a broad downturn affecting many tokens. Will SHIB continue its slide, or is this a market correction? đ˝
đĽ Whatâs Next for SHIB?: With Bitcoin dominance on the rise and memecoins losing steam, the future of Shiba Inu hangs in the balance. Could this be a sign of further declines or a potential rebound? Only time will tell. âł
Stay tuned for more updates as the SHIB saga unfolds! đđ #ShibaIn u#Cryptonews #BinanceAlphaAlert
"Peter Brandt Explains Why Bitcoin Could Drop to Around $70K Amid Market Volatility"
A recent commentary from market veteran Peter Brandt suggests a further #Bitcoin downtrend could be possible.
Read more on: https://thecryptobasic.com/2024/12/20/why-a-bitcoin-drop-to-around-70k-is-possible-according-to-peter-brandt/
#Cryptonews
Read more on: https://thecryptobasic.com/2024/12/20/why-a-bitcoin-drop-to-around-70k-is-possible-according-to-peter-brandt/
#Cryptonews
"Breaking: Franklin Templeton and Hashdex Dual Bitcoin-Ethereum ETFs Now Approved by SEC"
#SEC expands institutional access to Bitcoin and Ethereum by approving two crypto index ETFs holding both assets.Â
Read more on: https://thecryptobasic.com/2024/12/20/sec-approves-franklin-templeton-and-hashdex-dual-bitcoin-ethereum-index-etfs/
#Cryptonews
Read more on: https://thecryptobasic.com/2024/12/20/sec-approves-franklin-templeton-and-hashdex-dual-bitcoin-ethereum-index-etfs/
#Cryptonews
The bloodbath in the crypto market is reaching new heights as the price of #Bitcoin continues to show significant volatility, impacting the broader altcoin market.
In the last 24 hours, as many as 361,972 crypto traders have been liquidated, incurring losses exceeding $1.17 billion. This development emerged as the price of Bitcoin tanked by 7% over the past day, revisiting lows of $95,500.
Notably, Bitcoin traded at an all-time high of $108,268 just three days ago. With the recent lows, the premier asset has lost approximately 12% of its value in the past few days.
Traders in the derivative market have borne the brunt of the Bitcoin price slump, most of whom had bet on further increases in Bitcoin. However, the market tilted to the side of the bears.
One Trader Sees Massive $15M Liquidation
Of the $1.17 billion liquidated in the market over the past day, a staggering $1.02 billion came from those who were long on the market. Shorts only suffered a loss of $143.3 million.
Bitcoin traders alone saw losses of $238.76 million, while Ethereum traders followed closely with $220 million liquidated. Notably, the biggest single liquidation order came from an Ethereum investor on Binance, who saw a trade of $15.8 million wiped out. This liquidation order was triggered when the price of Ethereum crashed to $3,432.
Meanwhile, the price of Ethereum didnât stop there. It went on to touch lows of $3,330, with more traders incurring losses.
Aside from Bitcoin and Ethereum, traders of other crypto assets also saw significant value depreciation over the past day. Traders of Dogecoin, in particular, came next in line with liquidations exceeding $56.53 million.
Other notable liquidations include those from traders of XRP, with $47 million wiped out, and Solana, which also saw $38.53 million in losses.
#Cryptonews
In the last 24 hours, as many as 361,972 crypto traders have been liquidated, incurring losses exceeding $1.17 billion. This development emerged as the price of Bitcoin tanked by 7% over the past day, revisiting lows of $95,500.
Notably, Bitcoin traded at an all-time high of $108,268 just three days ago. With the recent lows, the premier asset has lost approximately 12% of its value in the past few days.
Traders in the derivative market have borne the brunt of the Bitcoin price slump, most of whom had bet on further increases in Bitcoin. However, the market tilted to the side of the bears.
One Trader Sees Massive $15M Liquidation
Of the $1.17 billion liquidated in the market over the past day, a staggering $1.02 billion came from those who were long on the market. Shorts only suffered a loss of $143.3 million.
Bitcoin traders alone saw losses of $238.76 million, while Ethereum traders followed closely with $220 million liquidated. Notably, the biggest single liquidation order came from an Ethereum investor on Binance, who saw a trade of $15.8 million wiped out. This liquidation order was triggered when the price of Ethereum crashed to $3,432.
Meanwhile, the price of Ethereum didnât stop there. It went on to touch lows of $3,330, with more traders incurring losses.
Aside from Bitcoin and Ethereum, traders of other crypto assets also saw significant value depreciation over the past day. Traders of Dogecoin, in particular, came next in line with liquidations exceeding $56.53 million.
Other notable liquidations include those from traders of XRP, with $47 million wiped out, and Solana, which also saw $38.53 million in losses.
#Cryptonews
đ Announcing @CoinRank_io 's strategic partnership with @FBBank_cc đĽł
đ FBPay is the next-gen modular trustless payment application, supporting 80+ crypto & fiat currencies and trusted by over 50 leading #wallets and #Web3 projects worldwide.
Follow along for upcoming developments! đ
#Crypto  #Cryptonews
đ FBPay is the next-gen modular trustless payment application, supporting 80+ crypto & fiat currencies and trusted by over 50 leading #wallets and #Web3 projects worldwide.
Follow along for upcoming developments! đ
#Crypto  #Cryptonews
El Salvador has significantly expanded its Strategic #Bitcoin Reserve by purchasing $1 million worth of BTC following a recent policy review and financing deal.
According to an update from the National Bitcoin Office, the country added 11 Bitcoin tokens to its holdings in a single transaction. This acquisition, reflected on the official website, brings El Salvadorâs total Bitcoin reserve to 5,980.77 BTC, valued at approximately $586.5 million.Â
The move represents a notable shift from its previous strategy of daily Bitcoin purchases, which began on November 18, 2022, as announced by President Nayib Bukele.
Bitcoin Office Outlines Accelerated Plans
The purchase comes a day after National Bitcoin Office Director Stacy Herbert announced plans to potentially accelerate Bitcoin purchases. In a December 19 update, the director emphasized the officeâs commitment to ongoing Bitcoin acquisitions, strengthening Bitcoin capital markets, and fostering education initiatives.
Among these initiatives are new educational programs, including Grades 2 and 3 Little HODLer workbooks on Bitcoin and money, set for release in January 2025.
Other efforts include the continued development of Bitcoin policy, attracting investors, and building education programs for developers and public servants.
For instance, the CUBO+ program will graduate more than 20 Bitcoin and Lightning developers by January 2025, while the Mi Primer Bitcoin and Node Nation initiatives remain active in high schools across El Salvador.Â
Additionally, 80,000 civil servants are undergoing Bitcoin certification through the ESIAP program. The Chivo Wallet, previously introduced by the government, will be wound down, with private-sector Bitcoin wallets continuing to serve the population.
#Cryptonews
According to an update from the National Bitcoin Office, the country added 11 Bitcoin tokens to its holdings in a single transaction. This acquisition, reflected on the official website, brings El Salvadorâs total Bitcoin reserve to 5,980.77 BTC, valued at approximately $586.5 million.Â
The move represents a notable shift from its previous strategy of daily Bitcoin purchases, which began on November 18, 2022, as announced by President Nayib Bukele.
Bitcoin Office Outlines Accelerated Plans
The purchase comes a day after National Bitcoin Office Director Stacy Herbert announced plans to potentially accelerate Bitcoin purchases. In a December 19 update, the director emphasized the officeâs commitment to ongoing Bitcoin acquisitions, strengthening Bitcoin capital markets, and fostering education initiatives.
Among these initiatives are new educational programs, including Grades 2 and 3 Little HODLer workbooks on Bitcoin and money, set for release in January 2025.
Other efforts include the continued development of Bitcoin policy, attracting investors, and building education programs for developers and public servants.
For instance, the CUBO+ program will graduate more than 20 Bitcoin and Lightning developers by January 2025, while the Mi Primer Bitcoin and Node Nation initiatives remain active in high schools across El Salvador.Â
Additionally, 80,000 civil servants are undergoing Bitcoin certification through the ESIAP program. The Chivo Wallet, previously introduced by the government, will be wound down, with private-sector Bitcoin wallets continuing to serve the population.
#Cryptonews
World Liberty Financial (WLFI), a cryptocurrency initiative linked to the Trump family, has significantly increased its on-chain activity over the past week.
According to blockchain data, the project has invested millions of dollars into expanding its crypto holdings, including #Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Ethena (ENA), and Ondo (ONDO).Â
Strategic Ethereum Investment
World Liberty Financialâs latest acquisition involves 722.213 ETH for $2.5 million USDC through Cow Protocol on December 20. Notably, Ethereum remains the largest asset in WLFIâs portfolio. This latest acquisition, coming amid the market-wide dip, elevated the projectâs total ETH holdings to 15,598 ETH, now worth $52.98 million.
Meanwhile, a $254.28 drop in Ethereumâs price since the earlier purchase has led to a $3.97 million decline in the value of these holdings.
Other Major Holdings
In addition to Ethereum, WLFI has actively increased its stakes in other major cryptocurrencies. Last week, it utilized $1 million in USDC to acquire 3,357 AAVE tokens at an average price of $297.8 per token. This brings the total AAVE holdings to 6,137 tokens, valued at $1.93 million as of December 20.Â
The current price of AAVE has dropped to $314.25, resulting in a $135,760 decrease in the holdingâs value. Similarly, the project expanded its Chainlink holdings by purchasing 41,335 LINK tokens for $1 million at an average price of $24.2 per token. WLFI now holds 78,387 LINK, valued at $1.81 million, following a notable price decline.
#Cryptonews
According to blockchain data, the project has invested millions of dollars into expanding its crypto holdings, including #Ethereum (ETH), Aave (AAVE), Chainlink (LINK), Ethena (ENA), and Ondo (ONDO).Â
Strategic Ethereum Investment
World Liberty Financialâs latest acquisition involves 722.213 ETH for $2.5 million USDC through Cow Protocol on December 20. Notably, Ethereum remains the largest asset in WLFIâs portfolio. This latest acquisition, coming amid the market-wide dip, elevated the projectâs total ETH holdings to 15,598 ETH, now worth $52.98 million.
Meanwhile, a $254.28 drop in Ethereumâs price since the earlier purchase has led to a $3.97 million decline in the value of these holdings.
Other Major Holdings
In addition to Ethereum, WLFI has actively increased its stakes in other major cryptocurrencies. Last week, it utilized $1 million in USDC to acquire 3,357 AAVE tokens at an average price of $297.8 per token. This brings the total AAVE holdings to 6,137 tokens, valued at $1.93 million as of December 20.Â
The current price of AAVE has dropped to $314.25, resulting in a $135,760 decrease in the holdingâs value. Similarly, the project expanded its Chainlink holdings by purchasing 41,335 LINK tokens for $1 million at an average price of $24.2 per token. WLFI now holds 78,387 LINK, valued at $1.81 million, following a notable price decline.
#Cryptonews
Vana (VANA) is rapidly gaining!
Vana (VANA) is rapidly gaining attention in the cryptocurrency market, especially following its recent listing on Binance Launchpool. This article explores Vana's unique features, market dynamics, and various predictions regarding its price trajectory over the coming years.
Overview of Vana
Launched in December 2024, Vana is an EVM-compatible Layer 1 blockchain that focuses on transforming personal data into financial assets. Its innovative approach allows users to monetize their data through mechanisms like Data Liquidity Pools (DLPs) and Data Decentralized Autonomous Organizations (Data DAOs). This positions Vana as a significant player in the evolving blockchain landscape, appealing to users who prioritize data ownership and privacy.
Current Market Performance
As of December 2024, Vana has demonstrated a modest growth rate of 1.62% since its Initial Coin Offering (ICO). Despite its relatively short history, Vana's performance is notable when compared to established cryptocurrencies such as Bitcoin and Ethereum, which saw increases of 151.13% and 76.30% respectively over the past year. The current market cap for Vana stands at approximately âş21.54 billion, with a trading volume of âş102.43 billion in the last 24 hours.
Price Predictions
Analysts have varying forecasts for Vana's price, reflecting both optimism and caution given the volatile nature of cryptocurrencies:
Short-term Forecasts (2024): Predictions suggest that Vana could reach a minimum price of $18.31 and a maximum of $44.42 by the end of 2024. A more conservative estimate places the average price around $27.86 for December 2024.Mid-term Predictions (2025): By mid-2025, some analysts anticipate Vana could achieve a price of approximately âŹ50.77, with further increases expected throughout the year. Other projections suggest it might reach up to $1000 if it follows a growth pattern similar to Bitcoin and Ethereum during their early surges.Long-term Outlook (2030 and beyond): Looking further ahead, forecasts indicate that Vana's price could soar to around $279.92 by 2032, with some estimates suggesting it may peak at $395.97 by 2033. By 2035, projections indicate a possible high of $116.05, depending on market conditions and technological advancements within the ecosystem.
Risks and Considerations
Investing in Vana presents both opportunities and challenges:
Market Volatility: Like all cryptocurrencies, Vana is subject to significant price fluctuations driven by market sentiment and external factors.Technological Adoption: The success of Vana will depend heavily on user adoption of its platform and the effectiveness of its unique offerings in a competitive landscape.Regulatory Environment: As governments worldwide continue to develop regulations surrounding cryptocurrencies, changes could impact Vana's market performance.
Conclusion
Vana is positioned as a promising cryptocurrency with innovative technology aimed at empowering users through data monetization. While current predictions suggest substantial growth potential, investors should remain cautious due to inherent market risks. As always, conducting thorough research and staying informed about market trends will be crucial for those considering an investment in Vana.
$VANA
#VANA #Cryptonews #FullMarketBullRun #Binance #Cryptomarket
Overview of Vana
Launched in December 2024, Vana is an EVM-compatible Layer 1 blockchain that focuses on transforming personal data into financial assets. Its innovative approach allows users to monetize their data through mechanisms like Data Liquidity Pools (DLPs) and Data Decentralized Autonomous Organizations (Data DAOs). This positions Vana as a significant player in the evolving blockchain landscape, appealing to users who prioritize data ownership and privacy.
Current Market Performance
As of December 2024, Vana has demonstrated a modest growth rate of 1.62% since its Initial Coin Offering (ICO). Despite its relatively short history, Vana's performance is notable when compared to established cryptocurrencies such as Bitcoin and Ethereum, which saw increases of 151.13% and 76.30% respectively over the past year. The current market cap for Vana stands at approximately âş21.54 billion, with a trading volume of âş102.43 billion in the last 24 hours.
Price Predictions
Analysts have varying forecasts for Vana's price, reflecting both optimism and caution given the volatile nature of cryptocurrencies:
Short-term Forecasts (2024): Predictions suggest that Vana could reach a minimum price of $18.31 and a maximum of $44.42 by the end of 2024. A more conservative estimate places the average price around $27.86 for December 2024.Mid-term Predictions (2025): By mid-2025, some analysts anticipate Vana could achieve a price of approximately âŹ50.77, with further increases expected throughout the year. Other projections suggest it might reach up to $1000 if it follows a growth pattern similar to Bitcoin and Ethereum during their early surges.Long-term Outlook (2030 and beyond): Looking further ahead, forecasts indicate that Vana's price could soar to around $279.92 by 2032, with some estimates suggesting it may peak at $395.97 by 2033. By 2035, projections indicate a possible high of $116.05, depending on market conditions and technological advancements within the ecosystem.
Risks and Considerations
Investing in Vana presents both opportunities and challenges:
Market Volatility: Like all cryptocurrencies, Vana is subject to significant price fluctuations driven by market sentiment and external factors.Technological Adoption: The success of Vana will depend heavily on user adoption of its platform and the effectiveness of its unique offerings in a competitive landscape.Regulatory Environment: As governments worldwide continue to develop regulations surrounding cryptocurrencies, changes could impact Vana's market performance.
Conclusion
Vana is positioned as a promising cryptocurrency with innovative technology aimed at empowering users through data monetization. While current predictions suggest substantial growth potential, investors should remain cautious due to inherent market risks. As always, conducting thorough research and staying informed about market trends will be crucial for those considering an investment in Vana.
$VANA
#VANA #Cryptonews #FullMarketBullRun #Binance #Cryptomarket
ĺ˝äşşçACTĺż
ĺŽč
°ćŠĺ˝éś:
ç´ĺżĺŚćł
The #Shiba Inu ecosystem faces yet another scam attempt as Susbarium, the trusted ecosystem watchdog, issues a new scam alert on Thursday.
The latest alert flagged a fraudulent post claiming to offer SHIFU token rewards to users who register within a 24-hour window. The fake announcement shared via X directed users to a suspicious website and urged them to âact quicklyâ to claim rewards.
Warning for the Shiba Inu Army
According to Susbariumâs warning, the disclosure is a phishing attempt to deceive users and steal their assets. The post included an image featuring the SHIFU branding, a token of Shiba Inuâs gaming project, Play With Shib. However, the watchdog clarified that the post was not from an official or credible source.Â
#Cryptonews
The latest alert flagged a fraudulent post claiming to offer SHIFU token rewards to users who register within a 24-hour window. The fake announcement shared via X directed users to a suspicious website and urged them to âact quicklyâ to claim rewards.
Warning for the Shiba Inu Army
According to Susbariumâs warning, the disclosure is a phishing attempt to deceive users and steal their assets. The post included an image featuring the SHIFU branding, a token of Shiba Inuâs gaming project, Play With Shib. However, the watchdog clarified that the post was not from an official or credible source.Â
#Cryptonews
VanEck CEO Says Bitcoin Could Reach $170K in 2025 After 124% Surge in 2024, Outshining Gold and US Stocks
Jan van Eck, CEO of VanEck, has outlined a bold and forward-looking perspective on the Bitcoin and precious metals markets heading into 2025.
In a recent statement, the CEO highlighted that Bitcoin emerged as the undisputed leader in the 2024 financial market by delivering a staggering 124.4% year-to-date (YTD) return.
This figure far outpaces traditional assets like gold and U.S. stocks, which both posted gains of 28.1%.
Meanwhile, Jan van Eck predicts even brighter days ahead for Bitcoin in 2025. He projected the cryptocurrency could climb to $150,000â$170,000.
Bitcoin and Gold Lead the Pack
A performance chart places Bitcoin at the forefront of the market in 2024. Gold followed at a distant 28.1%, buoyed by global central bank purchases and increasing de-dollarization trends.
U.S. stocks kept pace with gold, while gold mining stocks trailed at 21%, and REITs posted 13.2%. Traditional assets like commodities, bonds, and international equities struggled, with most returns below 10%.
Persistent Inflation and Fiscal ReckoningIn his statement, Van Eck stressed that the U.S. economy is at a critical juncture, marked by persistent inflation and unsustainable fiscal spending.
The Federal Reserveâs âhigher for longerâ interest rate policy reflects the ongoing economic challenges, with inflation, particularly in services and wages, proving more stubborn than initially anticipated.
While van Eck expects some short-term rate cuts, he warns that any sharp easing is unlikely unless the economy faces a severe contraction.
Van Eckâs base case scenario includes a reduction of $500 billion in U.S. government spending by the incoming administration. However, he cautions that these cuts may not be enough to eliminate the deficit.
Inflation risks could increase without further action, leading to higher long-term interest rates and potential market volatility.
#VanEckCEO #Bitcoin #Predictionexpert #cryptomarket #Cryptonews
Jan van Eck, CEO of VanEck, has outlined a bold and forward-looking perspective on the Bitcoin and precious metals markets heading into 2025.
In a recent statement, the CEO highlighted that Bitcoin emerged as the undisputed leader in the 2024 financial market by delivering a staggering 124.4% year-to-date (YTD) return.
This figure far outpaces traditional assets like gold and U.S. stocks, which both posted gains of 28.1%.
Meanwhile, Jan van Eck predicts even brighter days ahead for Bitcoin in 2025. He projected the cryptocurrency could climb to $150,000â$170,000.
Bitcoin and Gold Lead the Pack
A performance chart places Bitcoin at the forefront of the market in 2024. Gold followed at a distant 28.1%, buoyed by global central bank purchases and increasing de-dollarization trends.
U.S. stocks kept pace with gold, while gold mining stocks trailed at 21%, and REITs posted 13.2%. Traditional assets like commodities, bonds, and international equities struggled, with most returns below 10%.
Persistent Inflation and Fiscal ReckoningIn his statement, Van Eck stressed that the U.S. economy is at a critical juncture, marked by persistent inflation and unsustainable fiscal spending.
The Federal Reserveâs âhigher for longerâ interest rate policy reflects the ongoing economic challenges, with inflation, particularly in services and wages, proving more stubborn than initially anticipated.
While van Eck expects some short-term rate cuts, he warns that any sharp easing is unlikely unless the economy faces a severe contraction.
Van Eckâs base case scenario includes a reduction of $500 billion in U.S. government spending by the incoming administration. However, he cautions that these cuts may not be enough to eliminate the deficit.
Inflation risks could increase without further action, leading to higher long-term interest rates and potential market volatility.
#VanEckCEO #Bitcoin #Predictionexpert #cryptomarket #Cryptonews
VanEck CEO Says Bitcoin Could Reach $170K in 2025 After 124% Surge in 2024, Outshining Gold and US S
VanEck CEO Says Bitcoin Could Reach $170K in 2025 After 124% Surge in 2024, Outshining Gold and US Stocks
Jan van Eck, CEO of VanEck, has outlined a bold and forward-looking perspective on the Bitcoin and precious metals markets heading into 2025.
In a recent statement, the CEO highlighted that Bitcoin emerged as the undisputed leader in the 2024 financial market by delivering a staggering 124.4% year-to-date (YTD) return.
This figure far outpaces traditional assets like gold and U.S. stocks, which both posted gains of 28.1%.
Meanwhile, Jan van Eck predicts even brighter days ahead for Bitcoin in 2025. He projected the cryptocurrency could climb to $150,000â$170,000.
Bitcoin and Gold Lead the Pack
A performance chart places Bitcoin at the forefront of the market in 2024. Gold followed at a distant 28.1%, buoyed by global central bank purchases and increasing de-dollarization trends.
U.S. stocks kept pace with gold, while gold mining stocks trailed at 21%, and REITs posted 13.2%. Traditional assets like commodities, bonds, and international equities struggled, with most returns below 10%.
Persistent Inflation and Fiscal ReckoningIn his statement, Van Eck stressed that the U.S. economy is at a critical juncture, marked by persistent inflation and unsustainable fiscal spending.
The Federal Reserveâs âhigher for longerâ interest rate policy reflects the ongoing economic challenges, with inflation, particularly in services and wages, proving more stubborn than initially anticipated.
While van Eck expects some short-term rate cuts, he warns that any sharp easing is unlikely unless the economy faces a severe contraction.
Van Eckâs base case scenario includes a reduction of $500 billion in U.S. government spending by the incoming administration. However, he cautions that these cuts may not be enough to eliminate the deficit.
Inflation risks could increase without further action, leading to higher long-term interest rates and potential market volatility. As a result, Van Eck advises caution in U.S. equities, particularly large-cap stocks, which remain highly valued.
Bitcoin and Gold: Inflation Hedges for the FutureAs inflation continues to impact markets, Van Eck highlighted the growing significance of Bitcoin and gold as robust hedges against fiscal uncertainty.
Gold has benefitted from rising global demand, especially due to foreign central bank purchases.
On the other hand, Bitcoin is benefiting from its halving event and its role as a decentralized store of value, with its appeal growing as investors seek alternatives to traditional financial systems.
For 2025, Van Eckâs investment strategy recommends reducing exposure to U.S. stocks and diversifying into inflation-hedging assets like Bitcoin and gold.
He also advises considering alternatives such as short-duration fixed income and international equities to achieve a more balanced portfolio.
#VanEckCEO #Bitcoin #Predictionexpert #cryptomarket #Cryptonews
Jan van Eck, CEO of VanEck, has outlined a bold and forward-looking perspective on the Bitcoin and precious metals markets heading into 2025.
In a recent statement, the CEO highlighted that Bitcoin emerged as the undisputed leader in the 2024 financial market by delivering a staggering 124.4% year-to-date (YTD) return.
This figure far outpaces traditional assets like gold and U.S. stocks, which both posted gains of 28.1%.
Meanwhile, Jan van Eck predicts even brighter days ahead for Bitcoin in 2025. He projected the cryptocurrency could climb to $150,000â$170,000.
Bitcoin and Gold Lead the Pack
A performance chart places Bitcoin at the forefront of the market in 2024. Gold followed at a distant 28.1%, buoyed by global central bank purchases and increasing de-dollarization trends.
U.S. stocks kept pace with gold, while gold mining stocks trailed at 21%, and REITs posted 13.2%. Traditional assets like commodities, bonds, and international equities struggled, with most returns below 10%.
Persistent Inflation and Fiscal ReckoningIn his statement, Van Eck stressed that the U.S. economy is at a critical juncture, marked by persistent inflation and unsustainable fiscal spending.
The Federal Reserveâs âhigher for longerâ interest rate policy reflects the ongoing economic challenges, with inflation, particularly in services and wages, proving more stubborn than initially anticipated.
While van Eck expects some short-term rate cuts, he warns that any sharp easing is unlikely unless the economy faces a severe contraction.
Van Eckâs base case scenario includes a reduction of $500 billion in U.S. government spending by the incoming administration. However, he cautions that these cuts may not be enough to eliminate the deficit.
Inflation risks could increase without further action, leading to higher long-term interest rates and potential market volatility. As a result, Van Eck advises caution in U.S. equities, particularly large-cap stocks, which remain highly valued.
Bitcoin and Gold: Inflation Hedges for the FutureAs inflation continues to impact markets, Van Eck highlighted the growing significance of Bitcoin and gold as robust hedges against fiscal uncertainty.
Gold has benefitted from rising global demand, especially due to foreign central bank purchases.
On the other hand, Bitcoin is benefiting from its halving event and its role as a decentralized store of value, with its appeal growing as investors seek alternatives to traditional financial systems.
For 2025, Van Eckâs investment strategy recommends reducing exposure to U.S. stocks and diversifying into inflation-hedging assets like Bitcoin and gold.
He also advises considering alternatives such as short-duration fixed income and international equities to achieve a more balanced portfolio.
#VanEckCEO #Bitcoin #Predictionexpert #cryptomarket #Cryptonews
Ethereum (ETH) Retracing After Testing Its All-Time Highs. Whatâs Next?
Ethereum (ETH) Retracing After Testing Its All-Time Highs. Whatâs Next?
Price of ETH came very close to an ATH test. For now, the 2021 highs are providing resistance.
Ethereumâs chart setup is bullish, suggesting that it will eventually clear ATH. However, a breakout to set new ATH may not be imminent. It seems unavoidable though.
Similar to XRP, which tested ATH in recent weeks, after 6 full years, there tends to be a trend which is that lagging eventually become leaders provided they have long term bullish reversal patterns.
Ethereum testing all-time highs
In order to understand the nature of the Ethereum chart, we need its weekly timeframe with our annotations (see below):
The weekly chart structure since 2022 is a bullish reversal, clear and clean.
The very long term rising trendline had confidently provided support, in each and every year since the big decline in 2022.
The Fibonacci levels, especially the 50% Fib level (fine purple line), has worked very precisely. This adds confidence to the bullish nature of this pattern.
The last touch of the 50% Fib level occurred on Aug 5th, 2024; ETH did not look back since then!
Thatâs a lot of âhigh confidenceâ characteristics, and the bullish outcome seems unavoidable.
Ethereum â when will ATH be hit?
Thatâs a great question, obviously the million dollar question top of mind of every crypto enthusiast.
Letâs work with ranges here because identifying a fixed date for an altcoin to hit ATH seems too ambitious as a goal:
Worst case â ETH needs to drop back to the long term rising trendline. In this case, it might hit $2,800 in Q1/2025.
Base case â ETH needs to drop back to a key support level, the most obvious one being the 25% Fib level at $3,150, somewhere in the coming month(s).Best case â ETH is ready to move higher.
The $4,000 to $4,400 area will provide huge resistance. It wonât be easy to overcome this.
While everything is possible, it looks like some more bullish momentum is needed for ETH to clear this strong resistance level. The crypto market needs bullish momentum for ETH to convincingly clear ATH.
Ethereum (ETH) Testing All-Time Highs
So, what if we are too conservative?
Here is one viewpoint that is the exact opposite â ETH goes solo similar to 2021 or even 2018:
We believe itâs not fair to compare 2021 or 2018 with 2024/2025.
Market conditions are hugely different. Itâs not the same market.
Itâs like comparing apples with⌠euh⌠cucumber. While both may be green, the form and taste are vastly different, impossible to compare.
Here is the point â every market cycle is different. Market dynamics 101.
Back in 2021, there was wide participation of each and every altcoin, a phenomenon not seen since then.
Early 2018, there was a steep drop in all alts, but ETH was growing fast, adoption pushed it quickly up again.
Will 2025 be similar or different?
Our best guess is different, but we are open to be proven âwrongâ â if ETH can enter the $4,000 to $4,400 area on some bullish momentum in crypto markets it might be ready to move to ATH â for now, there is not enough strength in alts nor on the ETH chart. This is subject to change though.
#EthereumATH #ETH #cryptocurrencies #cryptomarket #Cryptonews
Price of ETH came very close to an ATH test. For now, the 2021 highs are providing resistance.
Ethereumâs chart setup is bullish, suggesting that it will eventually clear ATH. However, a breakout to set new ATH may not be imminent. It seems unavoidable though.
Similar to XRP, which tested ATH in recent weeks, after 6 full years, there tends to be a trend which is that lagging eventually become leaders provided they have long term bullish reversal patterns.
Ethereum testing all-time highs
In order to understand the nature of the Ethereum chart, we need its weekly timeframe with our annotations (see below):
The weekly chart structure since 2022 is a bullish reversal, clear and clean.
The very long term rising trendline had confidently provided support, in each and every year since the big decline in 2022.
The Fibonacci levels, especially the 50% Fib level (fine purple line), has worked very precisely. This adds confidence to the bullish nature of this pattern.
The last touch of the 50% Fib level occurred on Aug 5th, 2024; ETH did not look back since then!
Thatâs a lot of âhigh confidenceâ characteristics, and the bullish outcome seems unavoidable.
Ethereum â when will ATH be hit?
Thatâs a great question, obviously the million dollar question top of mind of every crypto enthusiast.
Letâs work with ranges here because identifying a fixed date for an altcoin to hit ATH seems too ambitious as a goal:
Worst case â ETH needs to drop back to the long term rising trendline. In this case, it might hit $2,800 in Q1/2025.
Base case â ETH needs to drop back to a key support level, the most obvious one being the 25% Fib level at $3,150, somewhere in the coming month(s).Best case â ETH is ready to move higher.
The $4,000 to $4,400 area will provide huge resistance. It wonât be easy to overcome this.
While everything is possible, it looks like some more bullish momentum is needed for ETH to clear this strong resistance level. The crypto market needs bullish momentum for ETH to convincingly clear ATH.
Ethereum (ETH) Testing All-Time Highs
So, what if we are too conservative?
Here is one viewpoint that is the exact opposite â ETH goes solo similar to 2021 or even 2018:
We believe itâs not fair to compare 2021 or 2018 with 2024/2025.
Market conditions are hugely different. Itâs not the same market.
Itâs like comparing apples with⌠euh⌠cucumber. While both may be green, the form and taste are vastly different, impossible to compare.
Here is the point â every market cycle is different. Market dynamics 101.
Back in 2021, there was wide participation of each and every altcoin, a phenomenon not seen since then.
Early 2018, there was a steep drop in all alts, but ETH was growing fast, adoption pushed it quickly up again.
Will 2025 be similar or different?
Our best guess is different, but we are open to be proven âwrongâ â if ETH can enter the $4,000 to $4,400 area on some bullish momentum in crypto markets it might be ready to move to ATH â for now, there is not enough strength in alts nor on the ETH chart. This is subject to change though.
#EthereumATH #ETH #cryptocurrencies #cryptomarket #Cryptonews
Ethereum (ETH) Retracing After Testing Its All-Time Highs. Whatâs Next?
Price of ETH came very close to an ATH test. For now, the 2021 highs are providing resistance.
Ethereumâs chart setup is bullish, suggesting that it will eventually clear ATH. However, a breakout to set new ATH may not be imminent. It seems unavoidable though.
Similar to XRP, which tested ATH in recent weeks, after 6 full years, there tends to be a trend which is that lagging eventually become leaders provided they have long term bullish reversal patterns.
Ethereum testing all-time highs
In order to understand the nature of the Ethereum chart, we need its weekly timeframe with our annotations (see below):
The weekly chart structure since 2022 is a bullish reversal, clear and clean.
The very long term rising trendline had confidently provided support, in each and every year since the big decline in 2022.
The Fibonacci levels, especially the 50% Fib level (fine purple line), has worked very precisely. This adds confidence to the bullish nature of this pattern.
The last touch of the 50% Fib level occurred on Aug 5th, 2024; ETH did not look back since then!
Thatâs a lot of âhigh confidenceâ characteristics, and the bullish outcome seems unavoidable.
Ethereum â when will ATH be hit?
Thatâs a great question, obviously the million dollar question top of mind of every crypto enthusiast.
Letâs work with ranges here because identifying a fixed date for an altcoin to hit ATH seems too ambitious as a goal:
Worst case â ETH needs to drop back to the long term rising trendline. In this case, it might hit $2,800 in Q1/2025.
Base case â ETH needs to drop back to a key support level, the most obvious one being the 25% Fib level at $3,150, somewhere in the coming month(s).Best case â ETH is ready to move higher.
The $4,000 to $4,400 area will provide huge resistance. It wonât be easy to overcome this.
#EthereumATH #ETH #cryptocurrencies #cryptomarket #Cryptonews
Price of ETH came very close to an ATH test. For now, the 2021 highs are providing resistance.
Ethereumâs chart setup is bullish, suggesting that it will eventually clear ATH. However, a breakout to set new ATH may not be imminent. It seems unavoidable though.
Similar to XRP, which tested ATH in recent weeks, after 6 full years, there tends to be a trend which is that lagging eventually become leaders provided they have long term bullish reversal patterns.
Ethereum testing all-time highs
In order to understand the nature of the Ethereum chart, we need its weekly timeframe with our annotations (see below):
The weekly chart structure since 2022 is a bullish reversal, clear and clean.
The very long term rising trendline had confidently provided support, in each and every year since the big decline in 2022.
The Fibonacci levels, especially the 50% Fib level (fine purple line), has worked very precisely. This adds confidence to the bullish nature of this pattern.
The last touch of the 50% Fib level occurred on Aug 5th, 2024; ETH did not look back since then!
Thatâs a lot of âhigh confidenceâ characteristics, and the bullish outcome seems unavoidable.
Ethereum â when will ATH be hit?
Thatâs a great question, obviously the million dollar question top of mind of every crypto enthusiast.
Letâs work with ranges here because identifying a fixed date for an altcoin to hit ATH seems too ambitious as a goal:
Worst case â ETH needs to drop back to the long term rising trendline. In this case, it might hit $2,800 in Q1/2025.
Base case â ETH needs to drop back to a key support level, the most obvious one being the 25% Fib level at $3,150, somewhere in the coming month(s).Best case â ETH is ready to move higher.
The $4,000 to $4,400 area will provide huge resistance. It wonât be easy to overcome this.
#EthereumATH #ETH #cryptocurrencies #cryptomarket #Cryptonews
MARA Next In Line For NASDAQ Listing? Michael Saylor Hints
Recently, Michael Saylorâs software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategyâs decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoinâs performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the companyâs prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylorâs statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.Â
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARAâs Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
Recently, Michael Saylorâs software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategyâs decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoinâs performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the companyâs prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylorâs statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.Â
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARAâs Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
MARA Next In Line For NASDAQ Listing? Michael Saylor Hints
MARA Next In Line For NASDAQ Listing? Michael Saylor Hints
Recently, Michael Saylorâs software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategyâs decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoinâs performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the companyâs prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylorâs statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARAâs Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
Shift in Investorâs View
Despite numerous firms now embracing a Bitcoin-first strategy, Michael Saylor likely sees MARAâs chances of meeting the goals as high considering its current stock performance.
The potential inclusion of MARA in the Nasdaq 100 would mark a significant milestone for the company and the broader cryptocurrency industry, reflecting its integration into mainstream financial indices.
As the cryptocurrency market continues to grow, the inclusion of companies like MARA in major indices could signal a shift in how traditional investors view and engage with digital currencies and their infrastructure.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
Recently, Michael Saylorâs software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index.
This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company.
Analysts have noted that MicroStrategyâs decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoinâs performance.
Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion.
Further, the brokerage also sees the companyâs prospects continuing to improve next year, and it also expects more visibility and recognition beyond fresh ETF inflows as a result of the Nasdaq-100 inclusion.
Is MARA Next In Line?
Interestingly, Michael Saylor shared his insights on the X platform, forecasting that the Bitcoin mining company MARA could be the next addition to the Nasdaq 100 index.
Saylorâs statement highlights the growing influence and recognition of cryptocurrency-related companies in traditional financial markets.
Notably, Fred Thiel, the Chairman and CEO at MARA Holdings congratulated MSTR on the listing. He highlighted MicroStrategy as the first bitcoin treasury company to join the NASDAQ 100.
In response, Saylor noted that he expects MARA Holdings to join the prestigious Nasdaq-100 list soon.
Are MARAâs Chances Higher?
Both companies are strengthening their treasury reserves with large Bitcoin purchases. Despite having different business models, their strong focus on BTC connects them.
This month, MARA Holdings has raised over $700 million through a private note offering. Although MARA Holdings is relatively far from bagging such a listing, CEO Thiel noted that the firm is working hard to achieve a similar landmark.
Shift in Investorâs View
Despite numerous firms now embracing a Bitcoin-first strategy, Michael Saylor likely sees MARAâs chances of meeting the goals as high considering its current stock performance.
The potential inclusion of MARA in the Nasdaq 100 would mark a significant milestone for the company and the broader cryptocurrency industry, reflecting its integration into mainstream financial indices.
As the cryptocurrency market continues to grow, the inclusion of companies like MARA in major indices could signal a shift in how traditional investors view and engage with digital currencies and their infrastructure.
#Bitcoin #michaelsaylor #cryptomarket #cryptocurrency #Cryptonews
Solana overthrows Ethereumâs 8-year reign as top ecosystem for new devs
Solana overthrows Ethereumâs 8-year reign as top ecosystem for new devs
Ethereum still has the crown for total developer activity, topping the charts across every continent around the world.
New developers flocked to the Solana ecosystem this year, overthrowing Ethereumâs eight-year reign as the top ecosystem for new developers.
However, Ethereum is still number one globally in total developer activity.
According to a Dec. 12 report from Electric Capital, the Solana ecosystem onboarded more new devs in July than the Ethereum ecosystem for the first time since 2016.
That momentum continued throughout the rest of the year, with current totals showing 7,625 new developers have joined Solana, led by developer growth in Asia, compared to Ethereumâs 6,456.
The report also noted that the Solana ecosystem had experienced an 83% jump in activity since last year.
Solana managed to briefly flip Ethereum on several fronts this year. On March. 18, Solana network activity surpassed Ethereum amid a scramble for Solana-based memecoins, while Oct. 28 saw it surpass Ethereum in daily network fee generation over 24 hours.
In total, the report found that 39,148 new developers began exploring crypto this year, down 7% from last year and roughly half the all-time high of over 77,000 in 2022.
Ethereum number one ecosystem for total developer activity
Despite the number of monthly Ethereum developers shrinking by 17% over the last year to 6,244, itâs still the biggest ecosystem for total developer activity.
According to Electric Capitalâs data, Ethereum has the most active developers across Asia, Europe, North America, Africa and South America.
Ethereumâs layer-2 networks have also seen growth of 64% since 2021, while 26% of all monthly crypto developers are working on L2s and the mainnet.
Eigenlayer, the primary restaking protocol on Ethereum, was the fastest-growing developer ecosystem in 2024, with a 167% increase in monthly overall developers.
Crypto spreading around the world
Electric Capitalâs report found that crypto has grown globally as well, with developer numbers increasing in Africa, South America and Asia.
In particular, Asia, Europe, and North America are flagged as the most prominent crypto hubs in 2024.
Asia leads the pack with 1 in 3 developers worldwide living on the continent, thanks partly to India onboarding the most new crypto developers in 2024.
According to Electric Capital, crypto activity now spans all time zones as well, with different parts of the globe gravitating toward different use cases.
Stablecoin transactions are consistently active, rising 3% during Asian, European, and African daylight hours.
Meanwhile, non-fungible token (NFT) trading peaks are during Americaâs work day, and minting peaks are during Asiaâs work hours.
#SolanaGiveaway #Solana #cryptomarket #Cryptocurency #Cryptonews
Ethereum still has the crown for total developer activity, topping the charts across every continent around the world.
New developers flocked to the Solana ecosystem this year, overthrowing Ethereumâs eight-year reign as the top ecosystem for new developers.
However, Ethereum is still number one globally in total developer activity.
According to a Dec. 12 report from Electric Capital, the Solana ecosystem onboarded more new devs in July than the Ethereum ecosystem for the first time since 2016.
That momentum continued throughout the rest of the year, with current totals showing 7,625 new developers have joined Solana, led by developer growth in Asia, compared to Ethereumâs 6,456.
The report also noted that the Solana ecosystem had experienced an 83% jump in activity since last year.
Solana managed to briefly flip Ethereum on several fronts this year. On March. 18, Solana network activity surpassed Ethereum amid a scramble for Solana-based memecoins, while Oct. 28 saw it surpass Ethereum in daily network fee generation over 24 hours.
In total, the report found that 39,148 new developers began exploring crypto this year, down 7% from last year and roughly half the all-time high of over 77,000 in 2022.
Ethereum number one ecosystem for total developer activity
Despite the number of monthly Ethereum developers shrinking by 17% over the last year to 6,244, itâs still the biggest ecosystem for total developer activity.
According to Electric Capitalâs data, Ethereum has the most active developers across Asia, Europe, North America, Africa and South America.
Ethereumâs layer-2 networks have also seen growth of 64% since 2021, while 26% of all monthly crypto developers are working on L2s and the mainnet.
Eigenlayer, the primary restaking protocol on Ethereum, was the fastest-growing developer ecosystem in 2024, with a 167% increase in monthly overall developers.
Crypto spreading around the world
Electric Capitalâs report found that crypto has grown globally as well, with developer numbers increasing in Africa, South America and Asia.
In particular, Asia, Europe, and North America are flagged as the most prominent crypto hubs in 2024.
Asia leads the pack with 1 in 3 developers worldwide living on the continent, thanks partly to India onboarding the most new crypto developers in 2024.
According to Electric Capital, crypto activity now spans all time zones as well, with different parts of the globe gravitating toward different use cases.
Stablecoin transactions are consistently active, rising 3% during Asian, European, and African daylight hours.
Meanwhile, non-fungible token (NFT) trading peaks are during Americaâs work day, and minting peaks are during Asiaâs work hours.
#SolanaGiveaway #Solana #cryptomarket #Cryptocurency #Cryptonews