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Crypto is my passion and trading is my game. Learning, trading, and growing in the crypto world.
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Cardano (ADA)’s Key Demand Walls to Prevent a Drop Below $0.65
#BtcNewHolder
$ADA #BULLISH
Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, remains below the $1 psychological threshold. After slipping beneath this level in mid-December, the asset has continued to face bearish pressure, dropping to an intra-month low of $0.7620.
This ongoing correction marks the third consecutive week of decline for Cardano (ADA), leaving traders closely monitoring critical support levels that could mitigate further losses.
Identifying Key Demand
$ADA #BULLISH
Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, remains below the $1 psychological threshold. After slipping beneath this level in mid-December, the asset has continued to face bearish pressure, dropping to an intra-month low of $0.7620.
This ongoing correction marks the third consecutive week of decline for Cardano (ADA), leaving traders closely monitoring critical support levels that could mitigate further losses.
Identifying Key Demand
CryptoQuant analyst: TRX price could explode soon.
Cryptocurrencies are seeing a minor uptick as the year comes to an end, and CryptoQuant analyst Joao Wedson says one of the altcoins showing bullish potential is TRON.
TRON (TRX) traded at around $0.2565 on Dec. 31, up by about 2.7%. Tron’s gains mirrored the broader top 10 coins, with Bitcoin, Ethereum, and XRP all in the green. TRX has gained significantly over the past few months, with its price currently up by 140% over the past year. Wedson points to a confluence of key metrics suggesting TRON is poised for new momentum.
Wedson shared this outlook in a TRX price analysis piece published on Dec. 31. He also posted the chart below on X.
https://x.com/joao_wedson/status/1874105878150078778/photo/1
According to the analyst, this technical picture is down to the Price Drawdown from ATH and technical support indicators. Price Drawdown measures the coin’s decline relative to its all-time high.
The variation shows TRX has held above an important trendline that dates back to 2019. Along with respecting this trendline, TRON’s price has bounced off it. The key trendline has therefore acted as robust support during accumulation periods and as an upward catalyst in recovery.
“This consistency demonstrates that TRX exhibits a well-structured technical behavior, making it attractive for both traders and long-term investors,” Wedson noted.
A look at TRX price over the past two years shows a descending trendline for the Price Drawdown from ATH indicator. Overall, it suggests bulls have increasingly clipped the level of bearish pain, with drawdowns now generally “less severe.”
With current price levels, TRX hovers near the suggested trendline support. It’s an area that may offer bulls a fresh strategic entry point. The altcoin reached its all-time high of $0.4407 on Dec. 4, signaling a 40% drawdown.$TRX #BtcNewHolder
Cryptocurrencies are seeing a minor uptick as the year comes to an end, and CryptoQuant analyst Joao Wedson says one of the altcoins showing bullish potential is TRON.
TRON (TRX) traded at around $0.2565 on Dec. 31, up by about 2.7%. Tron’s gains mirrored the broader top 10 coins, with Bitcoin, Ethereum, and XRP all in the green. TRX has gained significantly over the past few months, with its price currently up by 140% over the past year. Wedson points to a confluence of key metrics suggesting TRON is poised for new momentum.
Wedson shared this outlook in a TRX price analysis piece published on Dec. 31. He also posted the chart below on X.
https://x.com/joao_wedson/status/1874105878150078778/photo/1
According to the analyst, this technical picture is down to the Price Drawdown from ATH and technical support indicators. Price Drawdown measures the coin’s decline relative to its all-time high.
The variation shows TRX has held above an important trendline that dates back to 2019. Along with respecting this trendline, TRON’s price has bounced off it. The key trendline has therefore acted as robust support during accumulation periods and as an upward catalyst in recovery.
“This consistency demonstrates that TRX exhibits a well-structured technical behavior, making it attractive for both traders and long-term investors,” Wedson noted.
A look at TRX price over the past two years shows a descending trendline for the Price Drawdown from ATH indicator. Overall, it suggests bulls have increasingly clipped the level of bearish pain, with drawdowns now generally “less severe.”
With current price levels, TRX hovers near the suggested trendline support. It’s an area that may offer bulls a fresh strategic entry point. The altcoin reached its all-time high of $0.4407 on Dec. 4, signaling a 40% drawdown.$TRX #BtcNewHolder
Bitcoin News: BTC as Reserve Currency? Bold Call from Germany
Worldwide, Bitcoin (BTC) becoming a reserve asset is gaining momentum, advocates Germany’s top finance leader. Leader of the Free Democratic Party (FDP) Christian Lindner has called upon the central banks to include Bitcoin in their reserves. The development coincides with ongoing talks in the US about including cryptocurrencies in the country’s federal financial systems, thus boosting Bitcoin news.
Bitcoin News: Germany Advocates BTC as Future Reserve Asset
The Bitcoin news of political support
Bitcoin News: Germany Advocates BTC as Future Reserve Asset
The Bitcoin news of political support
Dogecoin (DOGE) Could Resume Price Rally as Familiar Bullish Trigger Emerges
$DOGE #BULLISH
Technical trader Tardigrade has identified a potentially bullish pattern in Dogecoin’s price action, drawing parallels between current market conditions and those that preceded a significant rally in August 2024.
Recent price action shows Dogecoin maintaining stability above crucial support levels despite apparent market manipulation attempts.
The latest chart analysis reveals a sharp downward spike in December 2024, reminiscent of similar price action witnessed in August. In both instances, the cryptocurrency quickly recovered, suggesting the dips were artificial movements rather than genuine selling pressure.
Historical Pattern Recognition for DOGE Price
The August 2024 event proved to be a precursor to a substantial bull rally. The market’s quick recovery from manipulation demonstrated strong buyer presence at key support levels. The current price action in December 2024 mirrors this pattern, with DOGE showing resilience by bouncing back from attempted price suppression.
Tardigrade’s analysis suggests Dogecoin price is well-positioned for another potential upward move. The cryptocurrency’s ability to defend its support level, combined with the historical precedent set in August, points to strengthening market fundamentals.
While market movements remain unpredictable, the parallel patterns between August and December 2024 provide a compelling case for renewed bullish momentum in DOGE’s near-term price action. #BtcNewHolder #binance
$DOGE #BULLISH
Technical trader Tardigrade has identified a potentially bullish pattern in Dogecoin’s price action, drawing parallels between current market conditions and those that preceded a significant rally in August 2024.
Recent price action shows Dogecoin maintaining stability above crucial support levels despite apparent market manipulation attempts.
The latest chart analysis reveals a sharp downward spike in December 2024, reminiscent of similar price action witnessed in August. In both instances, the cryptocurrency quickly recovered, suggesting the dips were artificial movements rather than genuine selling pressure.
Historical Pattern Recognition for DOGE Price
The August 2024 event proved to be a precursor to a substantial bull rally. The market’s quick recovery from manipulation demonstrated strong buyer presence at key support levels. The current price action in December 2024 mirrors this pattern, with DOGE showing resilience by bouncing back from attempted price suppression.
Tardigrade’s analysis suggests Dogecoin price is well-positioned for another potential upward move. The cryptocurrency’s ability to defend its support level, combined with the historical precedent set in August, points to strengthening market fundamentals.
While market movements remain unpredictable, the parallel patterns between August and December 2024 provide a compelling case for renewed bullish momentum in DOGE’s near-term price action. #BtcNewHolder #binance
Investors Eye SHIB for a Potential 3000% Rally – Could It Finally Hit the $1 Milestone?
Shiba Inu (SHIB), often referred to as the “Dogecoin Killer,” has captured the imagination of the crypto community. With analysts predicting a potential 3000% rally, the question arises: Could SHIB finally reach the elusive $1 milestone? While such a surge would require significant adoption and ecosystem growth, SHIB’s community-driven momentum and strategic developments make it a contender for historic gains. Amid the meme coin frenzy, innovative projects like Beer Bear ($BEAR) are also gaining
Do Kwon is in US custody after extradition battle
Montenegrin authorities handed over Terraform Labs co-founder Do Kwon to United States law enforcement officers after a months-long fight over where or whether he would be extradited.
In a Dec. 31 X post, Montenegro Prime Minister Milojko Spajić said Kwon was in US custody, suggesting that he would soon be traveling to the United States to face criminal charges.
The handover happened four days after Montenegrin Justice Minister Bojan Božović approved the Terraform co-founder’s extradition to the
In a Dec. 31 X post, Montenegro Prime Minister Milojko Spajić said Kwon was in US custody, suggesting that he would soon be traveling to the United States to face criminal charges.
The handover happened four days after Montenegrin Justice Minister Bojan Božović approved the Terraform co-founder’s extradition to the
OKX’s latest proof of reserve reveals an 8,992 BTC drop in user assets
OKX’s 26th proof of reserves report shows distinct changes in user asset holdings as of December 13, 2024.
The exchange reported 130,936 BTC in user assets, an 8,992 BTC reduction from November’s numbers. In contrast, Ethereum holdings grew by 85,265 to reach 1.765 million ETH. However, USDT balances increased by 1.91 billion to 8.56 billion, representing a 28.79% monthly gain.
The latest data confirms full backing across all assets, with the exchange maintaining a 105% Bitcoin reserve ratio. This means for every 100 BTC in user deposits, OKX holds 105 BTC in its wallets. The report provides a complete breakdown of assets held directly by the exchange and those in third-party custody.
Bitcoin holdings drop while other assets grow
The reduction in Bitcoin holdings mirrors broader market trends in December. This change brought OKX’s total Bitcoin user assets to 130,936 BTC. This is split between 124,699 BTC held directly by the exchange and 12,312 BTC in third-party custody. The exchange’s 105% reserve ratio means OKX maintains 137,011 BTC in total wallet assets, keeping an extra buffer above user deposits.
While Bitcoin holdings decreased, other major assets on OKX saw notable growth. Ethereum assets increased by 85,265 ETH to reach 1.765 million ETH, with the exchange maintaining a 102% reserve ratio. This means OKX holds 1.807 million ETH in wallet assets, divided between 1.630 million ETH on the exchange and 176,527 ETH in third-party custody.
USDT holdings showed the largest percentage increase, growing by 1.91 billion to reach 8.56 billion USDT, a 28.79% monthly gain. The stablecoin maintains a 102% reserve ratio, with OKX holding 8.76 billion USDT in total wallet assets.
$BCH #BtcNewHolder
OKX’s 26th proof of reserves report shows distinct changes in user asset holdings as of December 13, 2024.
The exchange reported 130,936 BTC in user assets, an 8,992 BTC reduction from November’s numbers. In contrast, Ethereum holdings grew by 85,265 to reach 1.765 million ETH. However, USDT balances increased by 1.91 billion to 8.56 billion, representing a 28.79% monthly gain.
The latest data confirms full backing across all assets, with the exchange maintaining a 105% Bitcoin reserve ratio. This means for every 100 BTC in user deposits, OKX holds 105 BTC in its wallets. The report provides a complete breakdown of assets held directly by the exchange and those in third-party custody.
Bitcoin holdings drop while other assets grow
The reduction in Bitcoin holdings mirrors broader market trends in December. This change brought OKX’s total Bitcoin user assets to 130,936 BTC. This is split between 124,699 BTC held directly by the exchange and 12,312 BTC in third-party custody. The exchange’s 105% reserve ratio means OKX maintains 137,011 BTC in total wallet assets, keeping an extra buffer above user deposits.
While Bitcoin holdings decreased, other major assets on OKX saw notable growth. Ethereum assets increased by 85,265 ETH to reach 1.765 million ETH, with the exchange maintaining a 102% reserve ratio. This means OKX holds 1.807 million ETH in wallet assets, divided between 1.630 million ETH on the exchange and 176,527 ETH in third-party custody.
USDT holdings showed the largest percentage increase, growing by 1.91 billion to reach 8.56 billion USDT, a 28.79% monthly gain. The stablecoin maintains a 102% reserve ratio, with OKX holding 8.76 billion USDT in total wallet assets.
$BCH #BtcNewHolder
Market Indicators and Future Outlook On XRP
Large-scale investors displayed confidence in XRP through substantial purchases. “Whales have been buying XRP in record numbers, including $526 million worth in one week,” Maddie revealed. The Fear and Greed Index suggests room for price appreciation, based on current market metrics.
Ripple continues to expand its presence in decentralized finance and asset tokenization. “If Ripple becomes the player in CBDC issuance, RLUSD has a great chance to capture market share,” Maddie observed. The platform’s development in Central Bank Digital Currency (CBDC) issuance positions RLUSD for increased market adoption.
The pending SEC case resolution, combined with evolving regulatory dynamics, shapes XRP’s market trajectory. Maddie suggests that 2025 could bring favorable conditions for Ripple and the XRP community, with strategic investment approaches, including dollar-cost averaging, remaining key considerations for market participants. $XRP #BtcNewHolder
Large-scale investors displayed confidence in XRP through substantial purchases. “Whales have been buying XRP in record numbers, including $526 million worth in one week,” Maddie revealed. The Fear and Greed Index suggests room for price appreciation, based on current market metrics.
Ripple continues to expand its presence in decentralized finance and asset tokenization. “If Ripple becomes the player in CBDC issuance, RLUSD has a great chance to capture market share,” Maddie observed. The platform’s development in Central Bank Digital Currency (CBDC) issuance positions RLUSD for increased market adoption.
The pending SEC case resolution, combined with evolving regulatory dynamics, shapes XRP’s market trajectory. Maddie suggests that 2025 could bring favorable conditions for Ripple and the XRP community, with strategic investment approaches, including dollar-cost averaging, remaining key considerations for market participants. $XRP #BtcNewHolder
Market Trends Signal Potential XRP Price Surge: Is Now a Good Time to Buy?
An analysis by Altcoin Buzz analyst Maddie spotlights XRP’s 230% value surge over the past year. The token now ranks fourth among cryptocurrencies by market cap. The assessment links XRP’s growth to rising institutional adoption and regulatory changes, backed by steady support from the XRP Army community.
Market Performance and Community Support
The XRP token demonstrated strong performance in Q4, with its price rising from $0.58 to over $2. This growth pushed XRP past BNB to secure the fourth position among cryptocurrencies.
“XRP surpassed BNB to claim the number four spot with a market cap of $118 billion,” Maddie stated. The token now stands behind only Bitcoin, Ethereum, and Tether in market value.
The XRP community maintained their support through market downturns. “The people that believed were deeply involved on Twitter. They’ve been here the whole time,” Maddie explained, noting how this dedication helped sustain market momentum and reward long-term token holders.
Regulatory Environment and Institutional Trust
The crypto landscape anticipates shifts with potential U.S. leadership changes. An SEC leadership transition from Gary Gensler to Paul Atkins could reshape crypto policies by 2025. Market analysts view Atkins as a regulatory figure who better understands the digital asset space.
Moreover, Ripple achieved a regulatory milestone as its stablecoin RLUSD secured approval from the New York Department of Financial Services. This approval marks a turning point for Ripple’s institutional strategy, opening doors for government and institutional partnerships.
The NYDFS approval carries weight in the financial sector, as the department maintains strict regulatory standards for digital assets.
$XRP #BtcNewHolder
An analysis by Altcoin Buzz analyst Maddie spotlights XRP’s 230% value surge over the past year. The token now ranks fourth among cryptocurrencies by market cap. The assessment links XRP’s growth to rising institutional adoption and regulatory changes, backed by steady support from the XRP Army community.
Market Performance and Community Support
The XRP token demonstrated strong performance in Q4, with its price rising from $0.58 to over $2. This growth pushed XRP past BNB to secure the fourth position among cryptocurrencies.
“XRP surpassed BNB to claim the number four spot with a market cap of $118 billion,” Maddie stated. The token now stands behind only Bitcoin, Ethereum, and Tether in market value.
The XRP community maintained their support through market downturns. “The people that believed were deeply involved on Twitter. They’ve been here the whole time,” Maddie explained, noting how this dedication helped sustain market momentum and reward long-term token holders.
Regulatory Environment and Institutional Trust
The crypto landscape anticipates shifts with potential U.S. leadership changes. An SEC leadership transition from Gary Gensler to Paul Atkins could reshape crypto policies by 2025. Market analysts view Atkins as a regulatory figure who better understands the digital asset space.
Moreover, Ripple achieved a regulatory milestone as its stablecoin RLUSD secured approval from the New York Department of Financial Services. This approval marks a turning point for Ripple’s institutional strategy, opening doors for government and institutional partnerships.
The NYDFS approval carries weight in the financial sector, as the department maintains strict regulatory standards for digital assets.
$XRP #BtcNewHolder
Ethereum ($ETH )and Solana ( SOL) to Start Altcoin Party in 2025, But This $0.175 Token Will be The Biggest Gainer
Ethereum (ETH) and Solana (SOL) are poised for remarkable growth as analysts predict a bullish 2025 for altcoins. Ethereum’s institutional demand and Solana’s breakout patterns set the stage for gains, yet Rexas Finance’s (RXS) innovative approach to real-world asset tokenization positions it as the standout contender. Currently priced at $0.175 during its eleventh presale stage, RXS offers transformative potential, blending blockchain technology with tangible assets in ways ETH and SOL cannot match.
Ethereum Signals Long-Term Strength
Ethereum continues to draw investor interest, fueled by spot ETH ETFs recording significant inflows, totaling $2.51 billion by late December. Declining exchange supply reflects heightened accumulation, signaling optimism for future price rallies. Notably, analysts project ETH could reach unprecedented levels between $15,000 and $25,000 by 2025, supported by institutional adoption and robust market conditions. However, current price trends show ETH trading at $3,472, reflecting slight declines amid broader crypto market volatility. Despite these fluctuations, Ethereum remains a pillar of the market, with projections of over a trillion market cap inspiring confidence in its long-term performance.
Solana Maintains Momentum Despite Regulatory Hurdles
Solana has captured attention with its bullish pennant breakout and recent price activity. Trading at $194, it gained 7% in 24 hours while enduring a 13% weekly drop. Regulatory challenges persist, particularly following the rejection of spot Solana ETFs by outgoing SEC Chair Gary Gensler. Yet, optimism around a possible approval under a new administration keeps investor sentiment alive. Analysts project a potential target of $400 for Solana as momentum builds. The blockchain’s efficiency and scalability remain key strengths, solidifying its position as a critical player in the altcoin surge expected in 2025.
$BTC $SOL
Ethereum (ETH) and Solana (SOL) are poised for remarkable growth as analysts predict a bullish 2025 for altcoins. Ethereum’s institutional demand and Solana’s breakout patterns set the stage for gains, yet Rexas Finance’s (RXS) innovative approach to real-world asset tokenization positions it as the standout contender. Currently priced at $0.175 during its eleventh presale stage, RXS offers transformative potential, blending blockchain technology with tangible assets in ways ETH and SOL cannot match.
Ethereum Signals Long-Term Strength
Ethereum continues to draw investor interest, fueled by spot ETH ETFs recording significant inflows, totaling $2.51 billion by late December. Declining exchange supply reflects heightened accumulation, signaling optimism for future price rallies. Notably, analysts project ETH could reach unprecedented levels between $15,000 and $25,000 by 2025, supported by institutional adoption and robust market conditions. However, current price trends show ETH trading at $3,472, reflecting slight declines amid broader crypto market volatility. Despite these fluctuations, Ethereum remains a pillar of the market, with projections of over a trillion market cap inspiring confidence in its long-term performance.
Solana Maintains Momentum Despite Regulatory Hurdles
Solana has captured attention with its bullish pennant breakout and recent price activity. Trading at $194, it gained 7% in 24 hours while enduring a 13% weekly drop. Regulatory challenges persist, particularly following the rejection of spot Solana ETFs by outgoing SEC Chair Gary Gensler. Yet, optimism around a possible approval under a new administration keeps investor sentiment alive. Analysts project a potential target of $400 for Solana as momentum builds. The blockchain’s efficiency and scalability remain key strengths, solidifying its position as a critical player in the altcoin surge expected in 2025.
$BTC $SOL
Prominent cryptocurrency expert Justin Bennett has raised concerns about a possible steep decline in Bitcoin‘s (BTC) price. In a recent update shared on social media platform X, he indicated that Tether‘s (USDT) dominance nearing 4.7% to 5% could signal a significant downturn for Bitcoin. $BTC
How Does USDT Dominance Affect Bitcoin(?$BTC
Bennett suggests that if Tether’s dominance climbs to this critical range, Bitcoin’s value could plummet to approximately $85,000. A breach of this level could trigger a major correction across the broader cryptocurrency market.
What Are Bennett’s Insights on Market Trends?
Currently, Bitcoin is trading at $92,046, reflecting a 1.9% decrease over the past day. Bennett asserts that the rise in Tether’s dominance is pivotal for predicting Bitcoin’s pricing trajectory and warns that this could lead to a serious drop to the predicted $85,000 mark.
Key takeaways from Bennett’s analysis include:
Tether’s dominance is a crucial factor in Bitcoin’s potential decline.
Bitcoin could see a significant price drop if Tether’s dominance reaches 4.7% to 5%.
Current market trends indicate weakening momentum for Bitcoin.
Whales in the market may have limited time to address the shifting dynamics.
The implications of Bennett’s warnings highlight the intricate relationship between Tether’s market position and Bitcoin’s performance, prompting the cryptocurrency community to stay vigilant regarding upcoming shifts in market sentiment.
How Does USDT Dominance Affect Bitcoin(?$BTC
Bennett suggests that if Tether’s dominance climbs to this critical range, Bitcoin’s value could plummet to approximately $85,000. A breach of this level could trigger a major correction across the broader cryptocurrency market.
What Are Bennett’s Insights on Market Trends?
Currently, Bitcoin is trading at $92,046, reflecting a 1.9% decrease over the past day. Bennett asserts that the rise in Tether’s dominance is pivotal for predicting Bitcoin’s pricing trajectory and warns that this could lead to a serious drop to the predicted $85,000 mark.
Key takeaways from Bennett’s analysis include:
Tether’s dominance is a crucial factor in Bitcoin’s potential decline.
Bitcoin could see a significant price drop if Tether’s dominance reaches 4.7% to 5%.
Current market trends indicate weakening momentum for Bitcoin.
Whales in the market may have limited time to address the shifting dynamics.
The implications of Bennett’s warnings highlight the intricate relationship between Tether’s market position and Bitcoin’s performance, prompting the cryptocurrency community to stay vigilant regarding upcoming shifts in market sentiment.