#STRK The interchain bridge StarkGate 2.0 has been launched on the main StarkNet network, improving the user interface, expanding token support, and adding new features. StarkNet is also participating in the India Blockchain Conference starting in 7 hours, where new partnerships will be formed.
Leading analyst says Dogecoin's upward price channel could lift Doge to $18
Leading analyst Ali Martinez predicts that Dogecoin could rise by 4443% to $18, referencing the upward price channel amid the ongoing hype around DOGE. Dogecoin (DOGE) continues to attract significant attention as the bullish trend in the cryptocurrency market persists with no signs of slowing down.
December 6th marks Dogecoin's birthday. We are waiting for Elon Musk to congratulate us on Twitter💥💥💥 The genesis block was released on December 6th, 2013, and on December 8th, Dogecoin was officially announced. A few hours after the coin's appearance, a mining pool was created and the first block was formed. #Doge
💥💥💥💥💥✴️#AVAX🚀🚀🚀🚀🚀 #crypto The CEO of AVA Labs reported that Avalanche and the future administration of Donald Trump in the USA have begun negotiations for cooperation
The potential approval of a Solana ETF, traded on a cryptocurrency-based exchange fund, has become one of the hottest topics in recent days. The trigger for the discussion was the news of the resignation of the current head of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, due to which the crypto project was in disgrace.
Analysts predict Dogecoin's rise to $11 amid Gaussian channel and symmetrical triangles
Dogecoin reached its historical high of $0.7390 in May 2021. Now, in 2024, DOGE is testing this important zone in the Gaussian channel again, currently trading at $0.375. If history repeats itself, Tardigrade predicts an 'incredible pump,' potentially pushing the price to new highs. Its chart suggests a possible rally to the $11 mark. Notably, this would mean a rally of 2,852% from current prices, still significantly lower than the spike of 2020/2021.
Dogecoin consolidates below resistance at $0.43 amid a bullish market
#Dogecoin (DOGE) is consolidating below a key resistance level at $0.43, which traders and analysts consider critical for a potential parabolic rally. A breakout above this price point could lead to new historical highs. Crypto analyst Ali Martinez highlighted the bullish potential of Dogecoin in a recent analysis on X, noting growing interest and adoption in the market. He emphasizes the importance of the $0.43 resistance level, suggesting that overcoming it could trigger significant upward movement.
The 'cup with handle' pattern indicated the potential for Ethereum to rise to $7200
#Ethereum (ETH)#Market Analysis#Technical Analysis The analyst under the nickname VentureFounder discovered a 'cup with handle' pattern on the two-week Ethereum chart, signaling a possible growth of the asset over the next four months. «For three years, the ETH chart has formed a cup and handle, it will soon complete if [the asset] confirms support at the $3800 level,» he wrote.
Cardano Founder: 'Bitcoin DeFi Will Dominate Crypto Within 3 Years'
Cardano founder Charles Hoskinson said that decentralized finance in the Bitcoin ecosystem will eclipse all other cryptocurrency DeFi within two to three years. He touted the potential of Bitcoin DeFi, making a bold price prediction and highlighting a new model for moving Bitcoin (BTC) between blockchains without using centralized exchanges.
Analytical Review
The probability of raising the key rate to 23% is increasing
Inflation for the last week from November 19 to 25 remained at high levels of the previous week and amounted to 0.36% year-on-year. Annual inflation, according to the Ministry of Economic Development, accelerated to 8.8% year-on-year. Food remains the leader in growth, followed by services. The situation with prices for non-food goods is the most stable, but the current weakening of the ruble will add pressure on prices for these goods, as the share of imports in this category is higher.
MetaMask Co-founder: Memecoins Expose the Flaws of Web3 Consent and AI
Dan Finley, co-founder of the MetaMask cryptocurrency wallet platform, recently conducted a hands-on experiment with memecoins to explore issues of consent and trust in the Web3 ecosystem. By releasing two tokens—'Consent' on Ethereum and 'I Don’t Consent' on Solana—Finley personally experienced what he described as 'extremely unpleasant in predictable relationships.'
Experts have predicted Ethereum will rise above $4000 before Trump's inauguration.
The growing interest of investors and hopes for regulatory easing create the prerequisites for a rally of Ethereum above $4000 before Donald Trump's inauguration. This conclusion was reached by Block Scholes and Bybit Analytics.
Analysts noted the increase in Open Interest for perpetual contracts on the second largest cryptocurrency on Bybit ($8.9 billion) surpassing the corresponding figure for Bitcoin ($6.7 billion).
In their opinion, this is the result of "thoughtful repositioning," rather than mass liquidations.
The shift in sentiment occurred after the statement by the current SEC chair Gary Gensler about his departure before January 20, specialists pointed out.
The price of Bitcoin could reach $250,000-500,000 within 12-24 months due to an influx of investments and growing interest in the asset. This opinion was expressed by Cardano founder Charles Hoskinson. "This will lead to an ecosystem whose value will begin to approach the capitalization of gold, an asset that people have used as a means of saving for over 5000 years. Bitcoin plays this role on the internet and will maintain it in the foreseeable future," said the entrepreneur.
What is Nubit and how to participate in the Nubit alpha testing
Key takeaways
Nubit is a protocol on Bitcoin Season 2, designed to ensure data availability for the Bitcoin ecosystem and secure applications and infrastructure at the Bitcoin level.
Founded by Professor of Computer Science at the University of California Yu Fan, Nubit has raised $11 million over two funding rounds from investors such as OKX Ventures, Polychain Capital, and Animoca.
Now users can participate in the Hubit Alpha Testnet incentivization campaign to interact with the Hubit test network and earn points.
Messenger Telegram has significantly accelerated cryptocurrency adoption worldwide by offering crypto-integrated mini-apps and supporting various types of crypto wallets, allowing users to access digital assets directly on the platform.
While some industry observers have claimed that Telegram could be key to reaching the first billion crypto users, the messenger is not seen as a competitor or threat to traditional crypto entry points like web browsers.
While browsers like Apple Safari have been wary of introducing cryptocurrency features, the crypto ecosystem is thriving thanks to crypto-friendly browsers like Brave and Opera.
“Google, the operator of the most popular browser Chrome, also does not limit the capabilities of crypto extensions and other related tools in its browser,” said Jorgen Arnesen, executive vice president of mobile at Opera.
Notcoin to soon play leading role in Telegram payment system and other browsers
The Russian government has approved a new taxation system for cryptocurrencies
The Russian government is rushing to introduce new taxes on cryptocurrency as Bitcoin has reached a historic high against the ruble.
The Federation Council of the Russian Federation, the upper house of the country's parliament, has approved a federal bill introducing new taxes on cryptocurrency transactions.
The bill, approved on November 27, recognizes digital currencies as property and imposes a personal income tax of 13%–15% on the sale of cryptocurrency. It also exempts Russian cryptocurrency miners from value-added tax (VAT) on mined coins.
The bill passed three readings in the State Duma before being approved by the Federation Council. It is now awaiting the signature of President Vladimir Putin to become law. After signing, it will take effect from the moment of official publication.
Russian cryptocurrency miners must report their activities to the government
Failure to comply with the requirements will result in a fine of 40,000 rubles (approximately 360 US dollars).
Crypto hackers stole $71 million in November, bringing the total amount stolen this year to $1.48 billion
Cryptocurrency hackers continue to damage the industry's reputation as the annual value stolen through cyberattacks approaches $1.5 billion.
Cryptocurrency hackers stole digital assets worth over $71 million in November, according to a report by Immunefi.
Thus, the total value of stolen cryptocurrencies year-to-date (YTD) in 2024 has surpassed $1.48 billion, according to the report, which states:
"In total, we have seen a loss of $1,489,921,677 due to hacks and fraud in 2024 across 209 specific incidents. This is a 15% decrease compared to the same period in 2023 when losses amounted to $1,757,680,745."
Demand for Ethereum ETH with leverage has increased by 160% after Trump's victory
Investor demand for leveraged trading products based on Ethereum is rapidly growing, demonstrating momentum that could propel the second-largest cryptocurrency in the world to the psychological mark of $4000.
Investors are increasingly looking to open leveraged Ethereum (ETH) positions, which allow them to temporarily borrow funds to increase the size of the trader's position.
Demand for the VolatilityShares 2x Leveraged Ethereum exchange-traded fund (ETF) has surged over 160% since November 5, according to Vetle Lunde, head of research at K33 Research, who stated in a post on X on November 28:
"Since November 5, the equivalent ETH exposure in the VolatilityShares 2x leveraged ETF for the long position in ETH has increased by 278,150 ETH (+160%!). VolatilityShares now holds more than half of the open interest in ETH on CME (50.1%!!)."