XRP raises warnings after a 300% increase in two months
XRP's price has risen over 300% in the past two months and was trading at $2.10 on December 28. However, warning signs suggest that the XRP/USD price may erase at least 25% of this gain in the short term.
XRP is about to break down from the descending triangle pattern The recent decline of XRP occurs as its price trades within a descending triangle pattern, a bearish structure that often indicates further declines.
BONK price drops 5% despite 51 million dollars worth of tokens removed from circulation.
Despite conducting a large token burn event, removing 1.69 trillion BONK tokens worth over 51 million dollars from circulation, the memecoin Bonk (BONK) still could not escape the overall downturn of the crypto market. At the end of November, the development team behind Bonk, the memecoin built on the Solana platform, announced plans to burn 1 trillion BONK tokens through a program called "BURNmas." This program burns 1,000 BONK tokens for each post with the hashtag #LetsBONK and 10,000 BONK tokens for each new follower on Instagram and TikTok. BURNmas was initially scheduled for December 25.
Montenegro Court Rejects Do Kwon's Extradition Appeal
The Constitutional Court of Montenegro is said to have rejected Do Kwon's extradition appeal, the South Korean cryptocurrency mogul, officially ending another legal avenue in the legal battle of the co-founder of Terraform Labs. The court's ruling was made with a high consensus, highlighting the legal contradictions in Kwon's appeal, thereby maintaining the previous ruling in favor of his extradition to the United States and South Korea.
What will the price of BIO Protocol (BIO) be when listed on Binance?
In early November, Binance Labs invested in the decentralized science (DeSci) field with the choice of the BIO Protocol (BIO) project. After nearly two months, BIO Protocol officially became the 63rd Binance Launchpool project. This confirms Binance's commitment to interest in this field. The performance of BIO's price is not only significant for BIO investors specifically, but it can also impact the sentiment of many other investors towards the DeSci sector in general.
BitTorrent (BTT) recovers, but the upward trend may not be sustainable
BTT, the native token operating the decentralized peer-to-peer (P2P) file-sharing platform BitTorrent, has become the highest-gaining asset in the market over the past 24 hours, increasing by 4%. However, while this increase may reflect renewed interest in the token as well as a potential shift in market sentiment, the price chart of BTT indicates a likelihood of short-term correction. BitTorrent lacks strong upward momentum to sustain the price increase.
The opportunity for altcoin season diminishes, but 3 indicators suggest revival potential
On December 4th, the altcoin season index reached 88, suggesting that cryptocurrencies outside of Bitcoin may perform better than the leading cryptocurrency. However, the chances for an altcoin season have taken a significant hit. Nevertheless, it seems that the long-awaited altcoin season still has the potential to return. Here are three signs that many cryptocurrencies in the top 50 may soon witness significant growth.
BONK loses $2.13 billion in market capitalization amid the meme coin storm
The market capitalization of Bonk (BONK), a meme coin on the Solana platform, has decreased by $2.13 billion over the past 30 days. This decline comes from the token price dropping by 40%. For some investors, this drop presents an attractive buying opportunity that the market hasn't seen in a long time. However, according to on-chain data analysis, accumulating BONK at the current price level could be a risky decision.
Ether (ETH) Could Surge to $15,000 This Cycle, Here's Why?
Ether (ETH) hit a new yearly high of $4,108 on December 16, bringing it close to its all-time high. ETH has gained 5% over the past week, posting a 25% gain in 30 days and a 75% gain over the past year. According to data from TradingView, ETH is currently trading at $3,839, down about 26% from its all-time high of $4,891 on November 26, 2021.
Now, with the continuous flow of capital into ETH investment products and the supporting fundamentals and on-chain data, the question is how high can ETH price go?
The price of AVA from Travala increased by 300% after CZ revealed Binance's investment The AVA token from Travala skyrocketed by 300% within an hour after former Binance CEO, Changpeng Zhao (CZ), disclosed that Binance had invested in this cryptocurrency travel platform before the pandemic occurred.
CZ's tweet emphasized Binance's ongoing support for Travala, sparking new interest in the project
Whale XRP deposits to Binance reach a six-month high
The amount of XRP deposits from whales to Binance has surged to a six-month high, with over 2.66 billion XRP tokens transferred to this exchange in the past 30 days. According to the latest analysis from CryptoQuant, this figure marks the largest XRP capital flow from large holders since April 2024, indicating a significant increase in whale activity. This large influx of capital shows that major XRP holders are actively transferring tokens across the network and collaborating with Binance as the primary exchange.
Solana surges to $230, poised to conquer historic highs
Solana (SOL) has rallied 13% from its local low of $203.30 on December 10, reclaiming $230. This price action has opened the door for further upside, supported by both derivatives and on-chain data. Investors are now asking whether the correction is over and what factors could drive the price to $260 and beyond. SOL was one of the few tokens to hit a new all-time high in 2024, reaching $264.50 on November 22. However, this momentum was not sustained, as the price of SOL fell 12% amid an 18% increase in the market capitalization of the altcoin group as a whole since November 22.
Investors expect RLUSD to help XRP soon reach the milestone of 20 USD
The approval of Ripple's stablecoin RLUSD by the New York State Department of Financial Services (NYDFS) has made the already positive sentiment of XRP investors even more optimistic. The future of XRP is predicted to be very bright as the legal obstacles have been removed. HOW WILL STABLECOIN RLUSD HELP XRP REACH 20 USD SOON? According to CoinGecko, the market cap of stablecoins surpassed 200 billion USD in December. Among them, Tether's USDT accounted for up to 70% market share, and Circle's USDC was 20%. This market share has hardly changed significantly over the years.
According to a report from Cloudflare, Binance peaked at 3rd place on November 12-13, right after the U.S. presidential election. However, the platform stabilized at 6th place, rising two spots from last year's 8th position. Meanwhile, PayPal dropped to 4th place, down from 2nd place last year. In contrast, TradingView rose to 2nd place, while Alipay – China's online and mobile payment platform – took 3rd place.
Will XRP reach $5 next? 3 charts show that the historic price surge is not over yet.
There are three key data points supporting XRP's upward momentum despite the pullback, including whale accumulation, increased network activity, and a strong market setup. WHALE ACCUMULATION SUPPORTS XRP PRICE INCREASE To cope with the market correction over the past week, XRP whale investors took advantage of the drop to $2.16 and bought more tokens as the price fell. Data from Santiment shows that the number of tokens held by whale addresses from 1 million to 10 million XRP has increased significantly from December 3 to December 8.
Total cryptocurrency liquidations rise to $1.5 billion after Bitcoin falls below $95,000
Cryptocurrency liquidation activity has exceeded $1.5 billion in the past 24 hours as the price of Bitcoin dropped to $95,000. According to data from the cryptocurrency data tracking tool Coinglass at the time of writing, nearly 514,400 traders have been liquidated, including $1.38 billion in long positions and $136.7 million in liquidated short positions. The total liquidation amount for Bitcoin and Ethereum reached $163.4 million and $204.7 million respectively in the past day.
Technically, the 4-hour chart shows that the DOGE/USD pair has fallen below the 20-period EMA line. EMA is used to detect trends in cryptocurrency by analyzing price volatility. When the price rises and is above the EMA line, the trend is considered bullish. Conversely, if the price drops below the EMA line, the trend will turn bearish and the downward momentum may accelerate. According to the chart, the price of Dogecoin is currently at $0.45, below the 20-period EMA line (the blue line). Given this condition, the price of this memecoin could drop further, with the Fibonacci retracement indicator suggesting that the decline could reach $0.42.
Bitcoin has entered an 'exuberance phase' based on the Net Unrealized Profit/Loss (NUPL) of long-term holders. This could extend Bitcoin's bullish phase until the end of 2025, according to Quinten François, co-founder of WeRate, who wrote on social media X on December 7: "Bitcoin is entering a phase of exuberance. You have up to 12 months before the cycle peaks."
Net Unrealized Profit/Loss (NUPL) index of long-term Bitcoin holders | Source: QuintenFrancois