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BONK Targets 1 Trillion Burn by Christmas—Could Prices Explode 300,000%? Bonk has increased 0.5% in 24 hours to $0.00003175 while the cryptocurrency market dips 1% today. The meme currency has fallen 12% in a week, 31% in a month, and 45% from its November 20 all-time high of $0.00005825. With its DAO planning to burn at least 1 trillion BONK by December 25 for its ‘BURNmas’ celebration, Bonk may be making a return. The BURNmas tracker currently predicts 1.6 trillion BONK will burn, and its inventor claims $0.11 is its long-term price objective. In addition to burning, Bonk's DAO and team are urging community members to promote the token during BURNmas, which was revealed in a November 15 blog post. Bonk DAO burns 100,000 BONK for every #LetsBONK tweet during BURNmas. With 1.6 trillion BONK expected burn, the community seems to be surpassing expectations. This represents 1.7% of BONK supply and 2.2% of circulation. This may explain why the BONK price hasn't responded to BURNmas given these tiny amounts. It's fallen with the market's post-election rally hangover. Today, BONK's chart shows that its RSI (purple) is rising again after dropping close to 30 a few days ago, suggesting an intermediate bottom. The coin's 30-period average (orange) may have completed decreasing relative to the 200-period average (blue), and it may rise above the longer-term indicator in the next days and weeks. BONK's $300 million trading volume is low compared to November's peaks, which is concerning. The inauguration of Donald Trump next month might boost the market, and crypto-friendly legislation may follow. BONK may rebound to $0.000050 by Q1 2025 and $0.00010 by Q2. #BONK #MarketRebound #MicroStrategyInNasdaq100 $BONK $PEPE $1MBABYDOGE
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Bitcoin holdings owned by MicroStrategy generate a yield of $299 million MicroStrategy's executive chairman, Michael Saylor, recently updated the team on a significant accomplishment that the firm has accomplished. The fact that the yield on Bitcoin (BTC) reached 0.72% during the course of the previous week was brought to light by Saylor in a post that he made on a social media site. The post generated around 3,177 BTC. This return further converts into a net gain of $299 million, which Saylor sees as a gift to MicroStrategy's shareholders. The article states that the value now stands at $94,000 per Bitcoin to be exact. A Victory for Bitcoin Holdings In Terms of Strategy Since the beginning, Michael Saylor has maintained a pro-crypto attitude, and his faith in cryptocurrency is beginning to pay off at the present moment. According to him, Bitcoin serves as a hedge against inflation and a store of value since it is decentralized. Increasing institutional interest in Bitcoin and the possibility that it may earn a considerable amount of profit for the firm's owners are both indicated by the high yield that the company has generated. Enhancing the Confidence of Shareholders Through MicroStrategy Strategy Additionally, the disclosure made by Saylor demonstrates that the firm is dedicated to maximizing the value of its Bitcoin assets. Arkham Intelligence reports that MicroStrategy manages 79.296 thousand Bitcoins at the moment, which are worth at $7.60 billion. Through the use of these Bitcoins, the firm has been able to generate considerable profits that are directly beneficial to the owners. With Bitcoin's recent jump to the six figure level, MicroStrategy's aggressive accumulation strategy continues to position the company as a leader in the adoption of Bitcoin by corporations. #MicroStrategyInNasdaq100 #MarketRebound #BTCNextMove $BTC $ETH $XRP
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If $PENGU can maintain stability around the 0.037 level, it could enter a new upward trend, potentially leading to an all-time high (ATH). Investors are closely monitoring this key support level, as holding it could signal a bullish breakout. Momentum and market conditions will play a critical role in determining whether PENGU can achieve new highs in the coming days.
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Altcoins Like Ethereum, XRP, and Others Set to Soar as Bitcoin Consolidates With Bitcoin's consolidation, altcoins like Ethereum (ETH), Ripple (XRP), and others are seeing more interest, which has the crypto market hopeful. According to renowned crypto expert Michaël van de Poppe, Ethereum has the potential to surpass Bitcoin in the next weeks. It is possible, according to van de Poppe's statement on X, that ETH/BTC might surpass 0.04 in January. An Upcoming Ethereum and Altcoin Rally? "Inflow of Ethereum, outflow of Bitcoin," they tacked on. Investing in Bitcoin -> #Altcoins powered by the Ethereum network. With the statement, "The bear market has ended for altcoins," Van de Poppe brought attention to the changing market dynamics even further. Put yourself in their shoes and savor the experience. He drew a parallel between the present market scenario and last December, when the upward momentum of Bitcoin gave way to a parabolic spike in altcoins. For the time being, Bitcoin's upward trend is over, so other cryptocurrencies may enjoy some parabolic maneuvering. It will remain in effect until Bitcoin is operational, he said. Crypto analytics site Santiment saw a notable surge in altcoins after Bitcoin's temporary dip. The business posted on X that "Altcoins have seen a huge breakout Tuesday," despite Bitcoin plunging to $92.4K before a minor rebound. Adding to Bitcoin's prominent position in the current bull run, Santiment said, "BTC has mainly led the way throughout this bull cycle." Market players are keeping a careful eye on Ethereum to see whether it will surpass Bitcoin in terms of performance. XRP and other altcoins have also shown strong performance. As Bitcoin finds its footing, the changing market attitude indicates that investors will turn their attention to altcoins. #MarketRebound #BTCNextMove #XRP #ETH $BTC $ETH $XRP
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Amid Market Difficulties, XRP Attracts More Interest In December, XRP swept the cryptocurrency market and surpassed all other altcoins traded on Binance in terms of volume. Data from Binance Futures shows that the currency is becoming more popular among traders, as seen by its incredible trading volume of over $116 million. In spite of the challenging market conditions, XRP has managed to achieve remarkable success, particularly considering the steep price drops seen by other cryptocurrencies like Bitcoin. Increasing Demand Despite Market Difficulties There has been general unpredictability in the digital currency market lately. The value of Bitcoin and several altcoins has been declining, but XRP seems to be holding its own. In spite of an 11% decline in value over the previous week, the cryptocurrency is still trading at about $2.25 and has a respectable 250% yearly rise in value. For investors seeking solid options in a volatile market, this resilience is a major selling point. The rate of XRP's recovery from losses has been shown to be correlated with its recent drops, according to analysts. The digital asset's derivatives trading activity is quite active and strong, according to analysts. An spike of 34% in XRP derivatives trading indicates that traders are more interested in the potential price swings of the cryptocurrency. Although, XRP contract open interest fell, suggesting that some traders may be selling their holdings because of market volatility. The increase of wallet holders is the second encouraging indication for XRP. There has been a 28% increase, or 5.75 million non-empty XRP wallets, according to Santiment statistics, over the previous two years. Larger patterns in the rising acceptability of cryptocurrencies, such as Bitcoin and Ethereum, are reflected in an increase like this. #xrp #MarketRebound #MicroStrategyInNasdaq100 #BTCNextMove $XRP $ETH $BTC
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