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According to CoinMarketCap, Astar, Stacks, and Helium were reported as today’s top cryptocurrency gainers.

Charts on the current Astar price stand at $0.1072, showing a 34.16% increase. The news comes at the same time Upbit, South Korea’s largest crypto trading platform, introduced the ASTR Korean Won trading pair, causing a significant impact on the crypto community.

Top Crypto Gainers And Losers Today | CoinMarketCap

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Stacks takes the second spot on the charts with a 12.63% increase in the last 24 hours in response to the Stacks blockchain, a Bitcoin layer for smart contracts, experiencing a notable surge in transaction volume in recent hours, reminiscent of heightened activity on the Bitcoin blockchain related to Ordinals inscriptions. Block 132,377 on the Stacks chain recorded an unprecedented 10,371 transactions today, marking the highest transaction count in Stacks’ history. 

Rounding out the top 3, the current Helium price is $7.72. The notable uptick in Helium Mobile’s value is likened to the successful introduction of its nationwide unlimited mobile services, competitively priced at $20 per month. According to recent reports, this strategic initiative has resulted in the mobile virtual network operator (MVNO) accumulating an estimated 8,000 subscribers.

With Bitcoin seeing a temporary decrease of 0.83%, Kaiko’s report that altcoin season may be approaching appears to hold true.

Read more: Helium Mobile, HNT tokens rally as market rebounds

The bulls have retaken control today, much to the surprise of the bears.
The total crypto market cap has risen by more than 3% over the last day, to hit $1.61 trillion once again, while Bitcoin made another attempt at $43,000.
Overall, the crypto market is almost completely green, as shown here:

The crypto market's liquidation heatmap looks like a mix of red and greens, but the bulls, for some reason, have suffered more liquidations than the bears, despite the market's general bullishness today.

Overall, the total amount of liquidated funds sits at around $223 million, but the bulls have taken a $125 million beating out of the total, leaving the bears with about $95 million.
Liquidations may have affected the market in strange ways over the last day, but the market is currently bullish.  

Bitcoin Rebounds Off $40,000
Twice now, Bitcoin has rebounded off the $40,000 support (red line below).

is now rallying again today and is even up by about 4%. The cryptocurrency currently trades at around $42,900 and may be close to retesting or even breaking above $45,000.
However, there may be a possibility of the current rally being a bull trap, where bulls are lured in before a final correction.  

Ethereum: Saved By The Bulls
According to the charts, Ethereum lost its standing below $2,150. However, the bulls quickly stepped in and pushed the cryptocurrency, saving it from an almost inevitable slump.

The cryptocurrency is changing hands at around $2,243 at the time of writing and is up by about 2.8% at the time of writing.
This might be Ethereum’s attempt at hitting the $2,400 zone again and possibly breaking through. However, we will never know, until the cryptocurrency rises above 14 December’s $2,332 to form a new higher high.  

SEI Is Up To Something
SEI is quickly becoming one of the best-performing cryptocurrencies on the market. According to Binance's rankings, SEI is the 3rd largest gainer over the last day, and is up by about 39% at the time of writing, while trading at $0.342.

In the charts, SEI has broken through 6 December's $0.3133 high and is currently forming a new one at the time of writing.
If the bulls can keep up this momentum, it would mean that SEI can still move up by about 41% to hit the $0.48 high it started at during its listing on Binance.  

Can IOTX Continue Upwards?
Binance’s rankings show that IOTX is the 4th largest gainer at the time of writing, with a 24-hour price increase of 24%.

IOTX currently trades at around $0.05268, after breaking out around $0.02347 and rebounding off the descending trendline above.
The current rally on IOTX has brought it face to face with the $0.05268 resistance, and the question now is: will a breakout happen at this point?
If a breakout does happen, we might see IOTX rally by a further 24% to $0.06437 or close. If not, we may see a decline straight down to $0.04467.      

VeChain (VET) Is About To Break Through This Resistance
VeChain has been stuck under the $0.0329 resistance since May 2022. However, at the time of writing, VET is up by about 3% over the last day and is on the verge of breaking above this resistance to the upside.

If a break above this zone occurs, VeChain has the potential to rally by another 30% to $0.045  

#BTC #ETH #SEI #IOTX #VET
$VET $IOTX $SEI

In a significant move for crypto enthusiasts, Binance is gearing up to list Bonk (BONK), marking a strategic step in the ever-evolving landscape of digital assets. Scheduled to commence spot trading on December 15, 2023, at 08:00 (UTC), the introduction of BONK on Binance brings forth exciting opportunities for traders worldwide.Spot Trading Pairs and DepositsBinance users can anticipate the availability of spot trading pairs, including BONK/USDT, BONK/FDUSD, and BONK/TRY. The deposit option for BONK is already open, allowing users to prepare for trading activities.Withdrawals and Listing FeeCome December 16, 2023, at 08:00 (UTC), the withdrawal option for BONK will be activated, providing users with the flexibility to manage their assets. Notably, the listing fee for BONK stands at 0 BNB, offering a user-friendly approach to engaging with this new addition to the Binance platform.BONK as a Borrowable Asset on Isolated MarginIn an additional development, Binance is set to integrate BONK as a borrowable asset on Isolated Margin, introducing a new margin pair, BONK/USDT. This strategic move reflects Binance's commitment to expanding its offerings and catering to diverse trading preferences.Seed Tag ApplicationIt's essential to highlight that BONK will be distinguished with a Seed Tag. This designation underscores its classification as an innovative project, potentially exhibiting higher volatility and risks compared to other listed tokens on Binance.Understanding Bonk (BONK)BONK is recognized as the largest meme coin on Solana, created by an anonymous team. Its listing on Binance opens up new avenues for traders to engage with this unique digital asset.Risk Considerations and Seed Tag QuizzesAs a reminder, traders are urged to exercise caution when dealing with BONK, acknowledging its status as a relatively new token carrying higher-than-normal risk. It is advised to conduct thorough research on BONK's fundamentals and fully comprehend the project before participating in trading activities.The Seed Tag, an emblem of innovative projects with potential volatility and risks, will be applied to BONK. Traders seeking access to tokens with Seed Tags are required to pass corresponding quizzes every 90 days on Binance Spot and/or Binance Margin platforms. This ensures users are aware of associated risks before engaging in transactions with tokens carrying Seed Tags. The Seed Tags, along with a risk warning banner, will be prominently displayed on relevant Binance pages.ConclusionBinance's decision to list Bonk (BONK) reflects the platform's commitment to providing a diverse range of digital assets while prioritizing user awareness and risk management. The introduction of BONK with its unique Seed Tag marks a notable chapter in Binance's ongoing efforts to evolve and meet the dynamic demands of the crypto community. Traders are encouraged to stay informed, exercise due diligence, and embrace the opportunities presented by this latest addition to the Binance ecosystem. The crypto journey continues with BONK on board.#BinanceListing #BONK #cryptosolutions

Coinbase recently listed a new token, BONK.

Post-listing, BONK experienced a 60% surge, reaching an all-time high.

Binance accordingly announced plans to list BONK, with spot trading pairs set to go live on December 15, 2023, at 08:00 (UTC).

Coinbase, one of the leading cryptocurrency exchanges, recently announced the listing of a new token, BONK. Following the listing, the price of BONK witnessed a 60% surge, hitting an all-time high. Additionally, Binance, another major player in the crypto space, swiftly followed suit, revealing its plans to list BONK, accompanied by a Seed Tag.

Binance will list spot trading pairs BONK/USDT, BONK/FDUSD, and BONK/TRY are set to go live on December 15, 2023, at 08:00 (UTC). This move comes as Binance acknowledges the growing popularity and demand for BONK in the crypto market.

#Binance will list @bonk_inu $BONK with Seed Tag applied. 👉 https://t.co/BVs6KjrRvK pic.twitter.com/AKB6mlwnkL

— Binance (@binance) December 15, 2023

The mere announcement of Binance’s listing propelled BONK’s price to surge by an impressive 115%. Zooming out to a 30-day analysis, BONK has recorded an 1100% increase, underscoring the fervor surrounding this relatively new Solana-based meme coin.

Despite the excitement, Binance issued a cautionary statement regarding BONK, stating that BONK is a new and innovative token, implying a higher-than-normal risk level. Traders are advised to exercise sufficient risk management, conduct thorough research on BONK’s fundamentals, and gain a comprehensive understanding of the project before engaging in trading activities.

The introduction of a Seed Tag by Binance signifies that BONK is considered an innovative project, potentially exhibiting more volatility and risks compared to other tokens on the exchange. 

With BONK set to make its debut on Binance, traders can expect heightened volatility. BONK is trading at $0.00002952 at press time, surging from a 24-hour low of $0.00001392, according to data from CoinGecko. The meme coin has reportedly breached the $0.00003 price level.

The post Coinbase Hype Still Fresh: Can BONK Hold Onto Its Gains with Binance Debut? appeared first on Coin Edition.

This week in the crypto world has been quite a ride, especially for Bitcoin which has bounced back big time, now trading close to $43,000, after a bit of a stumble early on. It's also pretty impressive how BTC has managed to climb 20% this month alone and a whopping 143% since the start of the year. The entire market is reacting to some big economic cues, like the Fed hinting at cutting interest rates and the US consumer price index staying put. Along with some serious money coming in from big-time investors, this good news has given Bitcoin and Ethereum a nice boost. ETH, in particular, is doing well, almost making up for its earlier losses, now flirting with the $2,300 mark.

Altcoins are having their moment too, with Cardano (ADA) shooting up by more than 30% this past week, thanks to the whales snapping it up while the smaller players are cashing out. This has got everyone talking about the long-awaited altseason. And then there is Ripple (XRP) whose investors are hoping it will boost its already impressive 60% annual growth when its legal tussle with the SEC wraps up in 2024. Amid all this action, there is ScapesMania (MANIA), a new kid on the block in its presale phase. It is a neatly put-together gaming ecosystem with a transparent, award-winning team behind it. MANIA is all about giving power to the players and making sure everyone benefits. And with some tempting presale discounts and bonuses, the project already has a lot of people excited about what is to come.

ScapesMania: Your Gateway to Exceptional Tokenomics

While some are facing an uncertain future, the trajectory of a presale project is far easier to predict. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry. A wide range of features paired with the best technology, a professional team, and a long-term, highly ambitious vision can make ScapesMania the next big thing in crypto. Presale discounts and stage bonuses only add to the project's appeal.

Presale is Live Now - Join Now for a Chance to Benefit with MANIA

Backed by an award-winning developer crew, ScapesMania stands for transparency: every member’s social media profile is public. The project can achieve this not just by bringing big innovation to the game, but by putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is what makes ScapesMania the project with a bright future ahead.

Presale is Live, Learn More About Major Benefits

Binance Drops Ripple (XRP) and Cardano (ADA) Amid Legal Woes

In the midst of the altcoin surge, Binance has decided to trim down their menu, ditching a bunch of products linked to both Ripple (XRP) and Cardano (ADA). Kicking in on December 22, this big move means delisting of some familiar liquidity pools like ADA/ETH, ADA/USDT, XRP/BNB, XRP/BTC, and XRP/ETH. It is all part of their plan to make trading smoother and more efficient, but let's be real, it is not just about streamlining. Binance is under some serious heat from the big guns in the USA, with both the DOJ and the SEC keeping a close eye on them.

This year has been a rollercoaster for the world’s largest crypto exchange, with a whopping $4.3 billion fine from the DOJ and their CEO stepping down and facing trial. They are under strict orders now to keep things transparent and monitor their operations closely. Some legal experts, like former SEC agent John Reed Stark, are even whispering that Binance might not make it through this storm.

Even despite settling things with the DOJ, Binance still has the SEC to contend with: it seems like the watchdog's lawsuit is marching on, independent of what has already happened. It is a big deal, not just for Binance, but for everyone in the crypto game, especially for those who are into altcoins like Ripple (XRP) and Cardano (ADA). 

Ripple (XRP) Technical Analysis

Ripple (XRP) is currently cruising in a tricky spot, trading between its first support level at $0.5373 and the initial resistance at $0.7121. It's an interesting time for XRP, what with the whole altcoin scene buzzing and Binance’s actions affecting its market dynamics. 

Source: TradingView

The fact that Ripple (XRP) is hanging between its 10-day and 100-day Simple Moving Averages (SMA) at $0.6405 and $0.5675, respectively, suggests a delicate balance – it's kind of walking a tightrope between short-term optimism and long-term caution. The Relative Strength Index (RSI) sitting at a middling 51.45 and the Average Directional Index (ADI) barely making a murmur at 15.4 hint that XRP isn't quite ready to pick a clear direction just yet.

Ripple (XRP) Next Price Action – What Indicators Say?

If the bulls take the reins and Ripple (XRP) manages to leap over the $0.7121 fence, we could be looking at a nice run up to the $0.8178 mark, or even dreaming big with a dash towards $0.9926. A bit of good news from the legal side or some tailwinds from the overall altcoin lovefest could give it the boost it needs. The MACD at 0.0047 is just poking its head above water and there's a tiny bit of Momentum building at 0.01032, so there's a whiff of bullish vibes in the air. But XRP will need more than a gentle push to really break free and fly high.

Now, if things take a southward turn and Ripple (XRP) trips below that $0.5373 support, it might find itself on a slippery slope down to $0.4683 or, in a worst-case scenario, plunging to the depths of $0.2935. This kind of drop could be sparked by some not-so-great news from its ongoing legal drama or if the market tide turns against altcoins. And with Binance pulling a few XRP products off the shelf, that's not exactly a confidence booster. The Commodity Channel Index (CCI) at 39.87 isn't screaming 'buy' either, and with the ADI so low, it is like Ripple (XRP) is stuck in a bit of a no-man's-land.

Cardano (ADA) Technical Analysis

Cardano's (ADA) recent moves in the altcoin rally are pretty interesting when you dive into the numbers. Right now, ADA is dancing between the closest support at $0.442 and resistance at $0.697. 

Source: TradingView

The SMAs tell a story of optimism: the 10-day one sits at $0.646, indicating that Cardano (ADA) has been on an uptick, but the 100-day one at $0.486 is like a safety net showing there is solid ground below. The RSI at 60.05 is flirting with 'getting too hot' territory, but it is not there yet. And the Stochastic %K at 67.15 backs this up, saying ADA is not overdoing it.

Cardano (ADA) Next Price Action – What Indicators Say?

Now, if Cardano (ADA) decides to put on its bullish hat and jumps over that $0.697 barrier, it could set its sights on the next big leap to $0.8. The ADI at 26.55 is kind of whispering that the trend is not super strong, but the CCI at 48.88 suggests there is still room to run without tripping over. And with the MACD at 0.022, there is a hint of momentum that could give ADA the push it needs to finally hit the most ambitious target at $1.055. The Momentum is there, albeit just a smidge at -0.006, but it might be enough to keep the party going, especially with everyone buzzing about the altseason and the asset's recent price bump.

On the flip side, if Cardano (ADA) hits a bump and tumbles below $0.442, we might see it take a slide towards the second support at $0.29. The ADI not being too high is like saying the party might not last, and if the RSI dips below 50, it's like a signal that the mood's changing. Plus, with Binance shaking things up by cutting ADA products as well, it adds a bit of drama that could sway the market mood, maybe nudging Cardano (ADA) towards those lower support levels. In this scenario, the 100-day SMA could be the hero, stepping in to stop the fall.

Closing Thoughts

The recent 30% surge of Cardano (ADA), sparked by the actions of major investors, has further fueled conversations about the much-awaited altseason. With much more modest gains, Ripple (XRP) is navigating through its own challenges, but investors are keeping a keen eye on its potential growth post-legal settlements. Amid these developments, Binance's decision to streamline its offerings by delisting certain ADA and XRP products adds an extra layer of complexity to the market dynamics: while the future for altcoins like Cardano (ADA) and Ripple (XRP) seems promising, it is tinged with a sense of caution as the evolving regulatory landscape and market reactions continue to shape their journey.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.