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According to CryptoPotato, as 2023 comes to a close, it has been a positive year for the cryptocurrency sector, with many digital assets recording triple- and quadruple-digit gains. AI chatbot Perplexity has predicted several altcoins, alongside Bitcoin, to watch in 2024.
Bitcoin outperformed almost all traditional financial assets in 2023, with gains of around 150%. The US Securities and Exchange Commission is anticipated to greenlight a spot Bitcoin ETF, with applications from companies like BlackRock, Fidelity, VanEck, and WisdomTree. The fourth-ever BTC halving will also take place in the spring of 2024, which has historically served as a catalyst for a bull market start.
Perplexity listed Ethereum as the second digital asset to watch in 2024. Despite underperforming this year with an 84% surge compared to BTC's 150% rise, the Ethereum blockchain hosts numerous projects, tokens, and digital asset niches. The protocol's team is constantly working on improving the network, which could benefit ETH holders in 2024.
Solana, which has soared by 670% YTD, was mentioned next. The network and native asset have generated a lot of hype for the upcoming year. Ripple's XRP also made the list, with YTD gains of around 80%. The battle with the US SEC is expected to conclude in 2024, placing XRP and the entire Ripple ecosystem on the list of digital assets to watch next year. Shiba Inu (SHIB) and Terra's LUNC were included in Perplexity's honorable mentions list.

#Crypto #Cryptocurrrency #Bullrun #bullish #BullishTrend
$BTC $ETH $BNB

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Sleepless AI is a decentralised companion game platform that's doing something really cool and different. They claim their main games- HIM and HER, are a big deal as they're changing how we experience games.
As per reports, in these games we're not just playing with characters on the screen; we are interacting with a virtual character. The special part is that the AI in the game makes the characters act like real people. They talk to us in a smart way, their personalities change based on how we play, and we get to have interesting conversations with them.
When people are alone and looking for support, friendship, or love, they often face challenges in real-life relationships. Sleepless AI wants to help with that. They are working on creating a special kind of computer program called an AI virtual companion. This virtual friend is smart and understands the details about the person using it.

Tokenomics:
The project has collected $3.7 million from three private sales of its tokens. In these sales, they sold 7.6% of all the AI tokens that will ever exist. Currently, the project is valued at $200 million.
The current price of 1 unit of AI is $0.0012. In the last 24 hours, the price has changed a lot – it went up or down by 99.38%. This means the value of AI has experienced significant fluctuations recently. Right now, there are 1 billion AI tokens in existence. Out of these, 130 million tokens, which is 13% of the total, are currently available for people to buy and sell. This availability happened when the tokens were first listed for trading. So, not all the tokens are circulating; only a portion of them is actively moving in the market. This means only a small portion of all the tokens is actively available for buying and selling.

Future Prediction:
Right now, we do not have information about the current price of Sleepless AI, so we cannot make predictions about how its price will change. However, as the project grows and becomes more popular, the price of Sleepless AI could go up. This is because more people might be interested in it, and that increased interest can lead to a higher value for Sleepless AI.
Sleepless AI, introduces HIM and HER, games that redefine the gaming experience by allowing players to interact with virtual companions that evolve like real people. Addressing the challenges of real-life relationships, Sleepless AI aims to provide support through AI virtual companions. The project has raised $3.7 million in private token sales, selling 7.6% of AI tokens, and is currently valued at $200 million. With a current token price of $0.0012, the market has seen significant fluctuations. As the project gains traction, the price could potentially increase.

Disclaimer:
The information provided in this article is for educational and informational purposes only. It is not intended to be, and should not be construed as, financial advice. The content is based on analysis and research, and we do not guarantee the timeliness of the information presented. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. The author and the blog shall not be held responsible for any financial losses or decisions made based on the content of this blog.
#sleeplessai #CryptoChristmas #DEFI #Blockchain #Crypto

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Bitcoin [BTC] is expected to correct to as low as $32,000 next month following the potential approval of a spot ETF, according to data provider CryptoQuant.
In what is being described as a potential "sell the news" event, CryptoQuant said in a note to CoinDesk that trader's unrealized profits are currently lingering at a level that historically precedes a correction.
"Sell the news" is a well-known term in capital markets, it describes how asset prices, leverage and sentiment run up in the lead up to a bullish event only for prices to tumble shortly after.
This is because astute traders capitalize on the over-crowded long trade, trapping those with leverage and forcing them to close or get liquidated as price goes against them.
An ETF being approved is perceived as a bullish event as it will open up inflows to bitcoin from institutions, thus creating consistent buy pressure.
"Short term Bitcoin holders are experiencing high unrealized profit margins of 30%, which historically has preceded price corrections (red circles)," CryptoQuant wrote in the note. "Moreover, short term holders are still spending Bitcoin at a profit, while rallies usually come after short-term losses are realized."

CryptoQuant added that bitcoin price may decline to as low as $32,000, which is the the short-term holder realized price.
Capriole Investments said that "conservative portfolio management" makes sense in the lead up to the potential approval of a spot ETF.
"With Bitcoin up over 60% since ETF mania began a few months ago, and with every man and his dog on X.com expecting an approval on or around 10 January, we must start to anticipate much larger volatility events (up/down) in this region. Risk today is substantially higher for long Bitcoin positions than it was just a few weeks ago," Capriole wrote in a blog post.
In bitcoin's history, "sell the news" events are common, in 2017 BTC topped out at $20,000 after the CME listed BTC futures, and in 2021 the world's largest cryptocurrency peaked again, hitting $65,000 after Coinbase completed its IPO before losing ground in the following months.
Bitcoin is currently trading at $42,450 having began the year at $16,000. Daily trading volume remains steady at $80 billion, according to CoinMarketCap.
#Bitcoin #BitcoinETFs! #BTC #Crypto #Bullrun $BTC $ETH

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The Bitcoin landscape is witnessing a curious trend: miners, traditionally the stalwarts of the BTC ecosystem, are increasingly offloading their holdings. As Bitcoin hovers around the $43,000 mark, data points to a significant trend of miners reducing their Bitcoin balances. This move, unfolding since mid-October, could be shaping the cryptocurrency’s market dynamics in unexpected ways.
The Great Bitcoin Offload by Miners
On-chain analytics, a window into the soul of cryptocurrency movements, reveals that Bitcoin miners are not just dipping their toes but diving headfirst into selling their BTC holdings. Glassnode, an on-chain analytics firm, spotlights this trend with figures showing a 700 BTC decrease in miner wallets in just 24 hours as of December 28. This is not a mere blip on the radar; since October 22, there’s been a substantial reduction of 12,700 BTC in miners’ balances.
This sell-off coincides with Bitcoin’s price journey from $30,000 to nearly $45,000, followed by a period of consolidation. What’s driving this miner exodus? Some analysts, like Ali, a popular trader and social media commentator, view this as a potential drag on Bitcoin’s bullish momentum. Delving deeper, data from CryptoQuant supports this view, highlighting these balance reductions as substantial and possibly impactful.
Miners have been riding a wave of profitability, especially in Q4. The spike in Ordinals inscriptions and the highest BTC price levels since April 2022 have padded their revenues significantly. Charles Edwards, the founder of Capriole Investments, underscores this profitability. He points out that miners are making 50% extra on top of the Bitcoin price, a fact evident in the production costs versus profit margins per Bitcoin.
The Looming Halving and Its Implications
Every Bitcoin enthusiast’s calendar is marked for the upcoming block subsidy halving – a pivotal event in Bitcoin’s timeline. This halving, set to reduce the block reward from 6.25 BTC to 3.125 BTC, is drawing considerable attention. Analysts and market participants are theorizing that miners might start hoarding Bitcoin in anticipation of this event.
Edwards calls the April 2024 halving the “most important” and a “transition point” for Bitcoin. Post-halving, Bitcoin’s inflation rate will drop to half that of gold, making it the hardest asset in the world. This shift could redefine Bitcoin’s role as a store of value, potentially overtaking gold.
The dynamics of miner behavior pre and post-halving are critical to understanding Bitcoin’s market movements. With the halving on the horizon, miners seem to be aligning their strategies for an altered mining landscape. This offloading could be a strategy to maximize current profits before the reduced block rewards kick in, affecting their revenue streams.
In essence, the current trend of Bitcoin miners offloading their holdings is a multifaceted phenomenon. It reflects not only the current market conditions but also anticipatory moves in the face of the upcoming halving. As Bitcoin continues to evolve and mature, the actions of miners remain a key indicator of its health and future trajectory. This ongoing saga of Bitcoin’s ecosystem, with miners playing a crucial role, continues to captivate and intrigue the crypto community and beyond.
#bitcoin #BTC #BitcoinPriceDrop #Crypto #Bullrun $BTC $ETH

TL;DR
Solana’s SOL token has shown impressive performance this year, with significant growth in price and market capitalization, making it one of the top digital currencies in the market.Future growth potential for SOL hinges on factors like technology adoption, overcoming past network issues, regulatory developments, and potential strategic partnerships, which could enhance its market value and utility.Despite its progress, SOL’s market cap is still behind major players like Ethereum, but it has surpassed them in certain metrics like trading volume and NFT sales volume in recent times.

Can Solana (SOL) Progress Even More Next Year?
Solana’s native token – SOL – has been a top performer this year, with its price reaching almost $125 earlier this week. The token has skyrocketed by over 1,000% since January 1, while its market capitalization briefly surpassed the $50 billion mark and is currently standing at around $48 billion (per CoinGecko’s data).
This uptrend has made SOL the fourth-largest digital currency in the entire market, outpacing Binance Coin (BNB) and Ripple (XRP).
In the following lines we will take a deeper dive and check whether the asset’s progress could continue next year with SOL becoming the biggest alternative coin in the realm. 
According to ChatGPT, such a scenario is not out of the cards but hinges on on multiple elements. One major factor is the possible adoption of the asset’s technology and network. Solana is known for its low costs and fast transaction speed, which makes it a preferred ecosystem for decentralized applications. 
The AI-powered chatbot also estimated that SOL’s future success depends on coping with some issues that have caused reputational damage to the blockchain protocol in the past. Recall that Solana has experienced numerous network outages in the last few years.
Regulatory development was also outlined as a vital factor. According to ChatGPT, the implementation of favorable rules in the crypto industry could have a positive impact on SOL.
Last but not least, the chatbot pointed out possible partnerships that the blockchain entity might strike up with prominent organizations. Such strategic collaborations could enhance SOL’s utility and adoption, potentially boosting its market value.
Despite its rapid recent progress, SOL’s market capitalization is still far from Ethereum’s (almost $270 billion) and the one of USDT ($91 billion), meaning it has a long way to go before being throned as the largest altcoin.
Solana has Already Surpassed Ethereum in These Metrics
It is worth noting that Solana has performed better than its rival for the top – Ethereum – in some aspects. According to DefiLlama, trading volume on Solana has surged above $1.3 billion in the past few days. For the most part of the month, Ethereum was lagging behind.

Solana has also performed quite well in the non-fungible token space, registering an NFT sales volume of over $88 million in the last week. Ethereum has fallen behind with approximately $74 million for the same period.
What is more, Solana flipped Ethereum in terms of search volumes on Google, which is a testament to the growing interest in the cryptocurrency.
The post We Asked ChatGPT if Solana (SOL) Can Become the Biggest Altcoin in 2024 appeared first on CryptoPotato.
#Solana #Bullrun #bullish #Crypto #SolanaSurge $SOL

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This article briefly:
•Ethereum’s price is expected to reach $5,300, driven by liquidity indicators and the blockchain’s impending strengthening.
• Raoul Pal predicts that the price of ETH may hit an all-time high in the first half of 2024, boosted by the prospect of an Ethereum ETF.
•Vitalik Buterin’s updated roadmap includes significant progress and measures to combat economic centralization.

Analysts are optimistic about Ethereum’s future, predicting a potential price target of $5,300. This prediction is consistent with the latest update from Ethereum co-founder Vitalik Buterin.
Buterin shared an updated roadmap for 2024, promising significant progress for the Ethereum ecosystem.
Ethereum will soon catch up
As the second largest cryptocurrency by market capitalization, Ethereum has always been the focus of the crypto market. It has transformed from a digital currency to an ecosystem of decentralized applications. This dual nature is an important factor in its enduring appeal.
Raoul Pal, co-founder and CEO of Real Vision, said that Ethereum’s price trajectory will rise significantly. This forecast is more than just a blind guess, as it is based on liquidity indicators, a tool used by analysts to gauge future price movements of an asset.
Although Pal cautioned that these predictions are not set in stone, they indicate strong bullish sentiment towards Ethereum.
“Ethereum is likely to do very well in the first half of 2024. Using liquidity indicators, the target is around $5,300… We should reach all-time highs for Ethereum in the first half of 2024. Let’s see how that plays out, but This makes me very bullish on crypto assets," Pal said.​

Pal also hinted at the impact of ETFs (exchange-traded funds) on Ethereum’s performance. He believes that the launch of Bitcoin spot ETF can pave the way for Ethereum ETF, thereby activating the Ethereum ecosystem.
“Ethereum is just doing what it’s supposed to do, but it’s not giving us big surprises. I think when the ETF launches for Bitcoin, people will look at the Ethereum ETF, which will give us surprises. It will Will bring vitality to the ETH ecosystem," Pal added.
New roadmap, new vision
Pal’s prediction is in line with Vitalik Buterin’s 2024 vision. The Ethereum co-founder shared an updated roadmap, demonstrating a commitment to continuous improvement and innovation.
One of the key updates includes the implementation of Single Slot Finality (SSF) in post-merger Proof of Stake (PoS) improvements. SSF promises to address many of Ethereum’s current flaws in PoS design, allowing for faster and more secure transactions.
“It is becoming increasingly clear that SSF is the easiest way to address many of the current weaknesses in Ethereum’s PoS design,” Buterin emphasized.
Developers are also making significant progress in other areas such as Surge, including advances in EIP-4844 and rollups. These improvements enhance Ethereum’s scalability and efficiency, which are critical to its long-term success.

Buterin’s roadmap also addresses the challenges of economic centralization in PoS through initiatives like Scourge. The redesign is focused on addressing Maximum Extractable Value (MEV) and general stake pool issues, which are critical to maintaining the integrity and decentralization of the network.
However, not all developments are smooth sailing. Developers face the challenge of Verifiable Delay Functions (VDF) due to cryptographic weaknesses in existing structures. Despite these setbacks, the team remains committed to researching and improving these features, underscoring their dedication to the long-term viability of the project. #VitalikButerin #ETH2024 #Ethereum #Crypto #Bullrun $ETH $BTC

Hello everyone, this is my first article on binance. Please follow to support my content!On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system of the XRP Ledger. On January 1 (Monday), the company will unlock $620 million worth of tokens in three transactions of 100 million, 400 million, and 500 million XRP.Interestingly, January 2024’s unlock accrues for 1.84% of the current 53.56 billion circulating supply and 2.17% of the remaining 45.87 billion XRP tokens under Ripple’s control. The latter are still locked in escrows to be released monthly until May 2027.Three escrows will reach finality in the last minutes of 2023, held by two known crypto wallet addresses owned by Ripple. In particular, ‘Ripple (22)’ will unlock 500 million XRP, previously locked in November 2019.Further, ‘Ripple (23)’ will unlock 100 million and 400 million tokens, locked in December and November 2019, respectively. These two addresses still hold 2 billion XRP tokens for monthly escrows that will be unlocked within the next two months until March 1, 2024.1 billion XRP tokens were unlocked, as expected, on December 1. Ripple immediately relocked 800 million (80%) of the total to escrows set to finalize by April and May 2027.Notably, despite keeping only 200 million XRP, the company spent 310 million tokens ($192 million) from its main address, ‘Ripple 1,’ in December. The sell-offs occurred weekly in four transactions, all sent to the same address, ‘rP4X2…Kxv3’:As developed, Ripple sent the 200 million XRP to its reserves on December 1. Further, the payment protocol made two transactions of 60 million tokens each on December 6 and 12 and a 120 million XRP payment on December 20. Finally, a 70 million transaction on December 27.How does the escrow system work for Ripple unlocks?Ripple created XRP in 2012, with a capped total supply of 100 billion XRP. The company then distributed 20 billion XRP to the creators and the core team.Ripple’s treasury controlled the remaining 80 billion XRP and promised to release these coins gradually rather than all at once. In 2017, Ripple implemented a new system to make the release of XRP more predictable and controlled.This system uses escrows — a smart contract that locks up XRP, making it impossible to use them unless it meets certain conditions. Ripple’s condition was to release one billion XRP on the first day of each month for 55 months, for a total of 55 billion XRP.However, despite a monthly release of one billion XRP, Ripple $XRP $SOL only spent or sold some of them. Instead, Ripple is reportedly locking up the remaining monthly tokens in new escrows for future releases. The recurrent relocks extended the 55-month deadline for all XRP to start circulating.These sales constitute XRP’s supply inflation, as the unlocked tokens start circulating each month. Essentially, Ripple can directly affect the economic dynamics of its token and its future price and value, as previously reported by Finbold. #Crypto #Ripple #XRP #Blockchain #News