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Memecoin market collapses: Will the decline continue? Data from the cryptocurrency market show a new trend in the memecoin category. The memecoin craze shows signs of weakening with the decrease in trading volume and the decline of the market. Crypto data platform CoinMarketCap states that leading memecoins have performed sideways this month. However, high volatility continues in the relevant cryptocurrencies. Therefore, it is possible that they will decline more than other altcoins. According to CoinMarketCap data, the memecoin market value was around $ 135 billion on December 7. As of the writing of the news, the market value has fallen to $ 120 billion. The sharp decline in a short time may be signaling that different trends are coming to the fore. #Bitcoin , which reached an all-time high (ATH) of $ 108,000 on December 17, greened the altcoin market. However, the subsequent decline created selling pressure on altcoins. With Ethereum remaining relatively strong, altcoins in the ecosystem lost less value. However, memecoins posed a threat by recording much larger declines. As of the writing of the news, Bitcoin is trading at $104,240. With daily closings above $105,000, the way may be paved for new ATHs. However, a possible sharp increase in #BTC dominance may bring a new wave of sales in altcoins. On the other hand, the decrease in Bitcoin weight in the market and the possible increase in BTC price will make altcoin investors happy.
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Binance apologizes: A big PENGU airdrop for compensation! Binance, which apologized for a problem with the listing of Puddy Penguins (PENGU), announced that it will airdrop its users who traded during certain hours. The world-famous NFT collection Puddy Penguins was listed on many exchanges after the airdrop distribution. The popular crypto project started trading on #Binance at 14:30 the other day. Binance's listing of PENGU victimized investors due to a problem with the exchange's database. Binance made a statement about the victimization in question. The exchange used the following statements; "Binance apologizes for the inconvenience it has caused to its users. In addition to conducting a review with our data provider, Binance will implement measures to prevent similar issues, including investigating alternative and multiple data sources." The exchange announced that it will make a big airdrop to its victimized users. Binance made statements regarding the data problem experienced in the first half hour of PENGU's listing. Binance showed PENGU’s market value 10 times lower than its current value for half an hour the other day. PENGU, which was traded at $3.5 billion, was reflected as $350 million on Binance. This situation misled investors. Binance, which shed light on the issue, made the following statement; “Due to the delay in updating the token information for Pudgy Penguins (PENGU) by our data provider CoinMarketCap, the market value and fully diluted valuation (FDV) data shown for the project after it was listed on Binance Spot were not updated in a timely manner. Binance informed the CMC team upon discovery of the issue and quickly updated the CMC data.” The exchange announced that it would make an airdrop to those who bought PENGU from the spot market between 17:00 on December 17 and 17:37 on December 17 as compensation. Binance will airdrop 135 million $PENGU to those who traded during the time period when #CMC showed incorrect market cap data.
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“Bitcoin will not be stopped in 2025” Bitfinex analysts predict that the price of Bitcoin (BTC) could exceed $200,000 by mid-2025. The leading crypto Bitcoin has increased by 152 percent since the beginning of 2024. Spot #Bitcoin ETFs traded in the US and Donald Trump winning the presidential election were behind the rise. Analysts have begun to make 2025 predictions for BTC, which has made the most striking rally in recent years. In a market report dated December 17, Bitfinex analysts stated that BTC could reach a minimum of $145,000 and a maximum of $200,000 in 2025. Analysts think that the Bitcoin bull will continue in 2025 Bitfinex analysts stated that Bitcoin will continue to be adopted by institutions and that this adoption will create strong demand. Analysts predict that the rally will continue strongly in 2025. According to analysts, the BTC price will double by June 2025. The market report included the following statements; “Our view is that any correction in 2025 will be mild thanks to institutional inflows.” Volatility is expected for the first quarter among 2025 estimates. Bitfinex analysts predict that the BTC price will be suppressed by profit taking in the first weeks of the year. Bitfinex analysts also stated that BTC could reach $290,000 by early 2026. According to Farside Investors data, $36 billion has inflowed into US spot ETFs since they were launched in January. Castle Island Ventures’ Nic Carter told Bloomberg on Dec. 17 that Bitcoin will approach the market value of gold in the long term, with the $BTC price set to reach $900,000.
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🚨Today, over 1.50 trillion dollars were wiped from the US stock market.
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Despite the decline in Bitcoin, these 5 altcoins are on the rise! 1- Bitget Token (BGB) #BGB , the native token of crypto exchange Bitget, has increased by 16 percent in the last 24 hours. With this increase, BGB, which took the first place on the list, gave a positive signal for the exchanges' native tokens. 2- Hedera (HBAR) #HBAR , which stepped on the gas with the spot ETF rumors, increased by 5 percent in response to the decline in $BTC . With this rise, HBAR, which took the second place on the list, may become even stronger if it holds above $ 0.30. 3- Litecoin (LTC) Another altcoin that attracted attention with the spot ETF rumors, LTC, increased by 4 percent in the last 24 hours. $LTC , which made a difference not only compared to major coins but also to the altcoin market in general, may target $ 150 if it exceeds $ 125. 4- Movement (MOVE) #MOVE , which was listed on popular crypto exchanges a few days ago, has entered an uptrend again. MOVE, which has shown a 3 percent performance in the last 24 hours, can be followed as a resistance level of $ 0.70. 5- Uniswap (UNI) $UNI , the native token of decentralized crypto exchange Uniswap, has increased by 2.50 percent in the last 24 hours. UNI, which has gained momentum with the increasing importance of the concept of decentralization, may target $ 20 in the short term.
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