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🟠 Polymarket bettors estimate a 60% chance that the HBO documentary will claim Len Sassaman is Satoshi Nakamoto 🤔
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💵 Large purchases $LINK . Whales have purchased over 1.4 million LINK in the last 96 hours, Ali writes . The token price has increased by 15% since January 1 📈 Do you think #LINK will refresh ATH ($52.88) in this cycle?
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📊 $LINK Whales Buy 1.4 Million Tokens, Chainlink’s 20% Rally Incoming? LINK, the native token of Chainlink, appears to be gaining attention from crypto enthusiasts as its price shows signs of recovery following a significant decline in December 2024. On January 5, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have purchased over 1.40 million LINK tokens in the past four days. 🔸 Whales Buy 1.40 Million LINK Tokens These notable acquisitions by Whales show confidence and interest as the market approaches the presidential inauguration, anticipated to be one of the most significant game-changing events for the crypto industry in 2025. Furthermore, this accumulation suggests that whales are positioning themselves for 2025, ensuring they don’t miss out on any substantial upside momentum. However, it has been observed that this notable acquisition has led to a 22% price rally during the same period and is continuing to drive upward momentum. 🔸 #LINK Technical Analysis and Upcoming Levels According to CoinPedia’s technical analysis, LINK appears to be consolidating within a tight range between $23 and $24 and is poised for a breakout. Since the beginning of 2025, LINK has consolidated twice on the four-hour time frame before experiencing upward momentum. Experts and analysts speculate a similar upside rally to what was observed in the past four days. Based on the recent price action, there is a strong possibility that LINK could soar by 20% to reach the $29 mark in the coming days. On a positive note, the altcoin has just breached the 200 Exponential Moving Average (EMA) on a four-hour time frame and closed a candle above it, indicating a potential shift into an uptrend. 🔸 Current Price Momentum Currently, LINK is trading near $23.40 and has witnessed an upward momentum of 1.20% in the past 24 hours. However, during the same period, its trading volume dropped by 33.40%, indicating reduced participation from traders and investors compared to the previous day. #Chainlink
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🔴 Render: Will THIS help $RENDER break past the $8 resistance zone? Render [RNDR] has been in the spotlight following its recent bullish momentum. The altcoin has surged by over 32% since it retested a key pennant resistance about two weeks ago. This impressive rally now faces a critical hurdle at the $8 resistance zone. Can Render push past this barrier and extend its gains? Let’s dive into the data. 🔸 Render bulls set sights on $8 resistance zone The $8 resistance level has become a critical point for Render’s price action. This zone represents a strong psychological and technical barrier, as the level has repelled the altcoin price several times in the past. Historically, such levels often see increased sell pressure, as traders look to bag in some accumulated profits. However, with 65% of RNDR addresses currently in profit, confidence in the token’s bullish potential remains strong. Adding to this optimism was the improving trading activity of the altcoin. According to IntoTheBlock data, its volume saw a steady recovery, hinting at renewed interest among market participants. This uptick in activity suggested that the bulls may have enough momentum to challenge the $8 level. 🔸 On-chain metrics offer optimism Beyond price action, Render’s on-chain metrics also painted a promising picture. For instance, altcoin’s active address count and transaction volume have steadily climbed higher throughout the rally. This often indicates a high network utility and investor participation-key sentiments for sustained upward price movement. Render’s recent performance also aligned with the broader crypto market trend. The cryptocurrency market has recently turned bullish, fueled by favorable macroeconomic indicators and adoption. The altcoin could benefit further if this positive overall market sentiment sustains. 🔸 Can #Render break through? For RNDR to break the $8 resistance, sustained buying pressure is vital. Coinglass’ liquidation heatmap data painted an optimism picture among the long position takers.
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How High Will Bitcoin Rise in January? Will Trump Inauguration Ignite a Rally? Bitfinex analysts predict that Bitcoin will remain rangebound and could rise to as high as $105,000 in January. According to his predictions, Bitcoin will fluctuate between $95,000 and $110,000 by the end of the month. In a recent market report, Bitfinex analysts commented: “We expect Bitcoin to continue a range-bound market trend as investors look to allocate capital across different asset classes. We predict Bitcoin will fluctuate between $95,000 and $110,000 by the end of January.” The inauguration of US President-elect Donald Trump on January 20 is seen as a potential catalyst for cryptocurrency prices. Expectations from the new administration include more favorable cryptocurrency regulations and improved economic policies in the United States. However, Bitfinex analysts warned that the inauguration may not trigger a sudden price rally for Bitcoin: “We expect the new US administration to provide greater clarity on crypto policy, but we do not see the inauguration itself as a significant price event. On the contrary, it could pave the way for cryptocurrencies to face fewer obstacles in the United States going forward.” #BTC #Trump #Bitcoin
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📣 $SUI hits $5.34, becoming the 12th largest crypto with a $15.98B market cap Sui’s native token, SUI, now has over $15 billion in market capitalization, beating TON and Chainlink, making it the 12th largest cryptocurrency. The token’s trading price has also surged, with analysts pointing to the recent network unlocking event, which saw the addition of 82 million SUI tokens, about 0.82% of the cumulative token supply, 🔸 The #SUI token sees a remarkable start to 2025 The SUI token’s value has increased by over 1312% since its lowest price level in 2023 and by 25% in the last seven days. Additionally, its market cap is now over $15.2 billion, edging out TON and Chainlink, and it is now closely approaching the $16 billion mark. Aside from its market cap, its 24-hour trading volume is also at its peak at $2.6 billion, while the token trades at $5.34, more than an 8% uptick in the last 24 hours. Meanwhile, its open interest has also grown over 37% to $1.22 billion, while its total value locked stands at $2.039 billion. SUI’s network token unlocking, heightened demand, and collaborations have helped push its trading price SUI’s price rally in the last few days coincides with the network’s token unlocking, suggesting the release helped elevate trading prices. On January 1, 2025, the SUI network released roughly 82 million tokens, 0.82% of its total token supply. Moreover, the token’s increased prices could be attributed to its bulked-up demand, even with its surging trading volume close to $ 3 billion. The Sui network has also partnered with multiple firms and technologies, raising investor interest. For starters, the network is currently working with Ant Digital Technologies to expedite the adoption of real-world assets in Web3, marking the debut of tokenized assets on the platform. It is also collaborating with Wall Street companies VanEck, Grayscale, and Franklin Templeton, boosting investor confidence in the L1 blockchain. #Suinetwork
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