Market Dynamics: TON drives SocialFi, overall market slightly adjusts
Market Dynamics: TON drives SocialFi, overall market slightly adjusts 📉 The cryptocurrency market previously showed a promising upward trend, but recently it has slightly adjusted by 4.25%, with the total market capitalization falling to about $3.94 trillion. Bitcoin dipped 0.26%, but remains stable at $117,822; Ethereum has stabilized around $3,800, with a gain of over 50% this month, leading among mainstream assets. Except for the SocialFi sector, most other industry sectors have seen slight declines, while SocialFi grew by 3.7% driven by a 5% increase in TON. Technical failures and legal cases lead to cautious market observation 🧐
Is Ethereum going to break $5400? With DeFi surging + institutional involvement, can it really break the $4000 curse this time?
Fellow crypto enthusiasts, have you felt like the market has taken off like a rocket recently? Ethereum surged 55% in July, nearing $3800, and now some analysts are calling '5400 dollars is not a dream'! But the question is—can it really break through the 'hellish level' of $4000 first?
📈 Where does the confidence for $5400 come from? First, let's look at the technical aspect: Ethereum has now formed an 'inverted shoulder pattern', which is a typical bullish reversal signal! The first phase target of $2750 has been achieved, and the second phase is directly aiming for a 98% increase, which is $5400! However, the key to this market is to first stabilize at $4000—after all, moving from $3821 to $4000 only requires 5.3%, but it has been stuck there for two whole years...
Why didn't the Bitcoin market collapse when a $9 billion whale 'quietly exited'?
14 years ago, 80,000 Bitcoins were mined and chose to exit at a historical high—have you ever wondered why this level of giant whale activity did not stir up a storm in the market? After the transition of old and new capital, how will this multi-chain coexistence in the crypto world affect your asset flow choices? At the end of July, the crypto market witnessed an epic scene: a 'sleeping' BTC whale that had been dormant for 14 years sold 80,000 Bitcoins, worth up to $9 billion. With the support of Galaxy Digital's segmented strategy, this enormous amount of chips was quietly transferred, with the market only experiencing a brief correction before prices quickly rebounded. Moreover, this 'silent whale fall' has truly unveiled a new situation for Bitcoin, moving from personal holding and idealism to institutionalization, professionalization, and deep diversification.
XRP is going to go up against the sky? Will it reach $10 in 3 months? History tells you that this may not be a dream!
🤔Have you ever thought that your XRP could soar to $10 in just 3 months, just like a rocket? Does it sound like a fantasy? But wait, let's take a look at how this amazing prediction came about! 📈Recently, although the price of XRP has experienced some fluctuations, it has always hovered around $2.2. However, under this seemingly calm surface, there are undercurrents. Some analysts, such as Cryptoinsightuk, are closely following the movement of XRP. They even boldly predict that the price of XRP may break through double digits in a short period of time and rush straight to the $10 mark!
Cardano 'Hydra' in Full Swing, Can It Surpass Ethereum?
When Cardano's 'Hydra' emerges, are you also wondering: could this be the killer feature that allows Cardano (ADA) to surpass Ethereum (ETH)? Reportedly, Hydra, as Cardano's latest scalability solution, has already helped ADA's price soar past the $1 mark, making Cardano a center for scalable decentralized applications (dApps), posing a potential threat to Ethereum's dominance. Looking back, although ADA has fallen by 65% from its peak, holders are still confident, with 90% bullish. Compared to Ethereum, ADA's price is more friendly, and its continuous ecosystem development has put unprecedented pressure on Ethereum. The addition of Hydra undoubtedly marks a qualitative leap in Cardano's scalability, providing a more ideal choice for dApp developers.
Former Football Star Becomes 'Crypto Newcomer'? Trump’s Crypto Committee Welcomes Executive Director!
If a former college football star transformed into the head of the presidential crypto committee, would you think it’s a fantasy? However, this scene has played out in reality! Former U.S. House Republican candidate and football star Bo Hines has been appointed by the soon-to-be-sworn-in U.S. President Trump as the executive director of the Presidential Advisory Committee on Digital Assets (also known as the 'Crypto Committee')! Hines will work alongside tech entrepreneur and crypto heavyweight David Sacks to create a new regulatory framework for the digital asset industry. Trump confirmed this news on Truth Social on December 22.
Did the Chinese richest person reveal that the UAE splurged on 40 billion in Bitcoin? What is the truth?
If there is a country quietly hoarding 40 billion USD worth of Bitcoin, would you be shocked? Recently, a tweet from Zhao Changpeng (CZ), the former richest Chinese person and founder of Binance, caused a huge stir! Zhao Changpeng retweeted a message on Twitter claiming that the UAE holds 40 billion USD worth of Bitcoin as national reserves. As soon as this news broke, it caused a sensation in the cryptocurrency community. After all, this is not a small amount; it is enough for any country to have a seat at the global cryptocurrency table.
Is Bitcoin Facing a Life-and-Death Crisis? Quantum Computers Are Coming, Is the 76-Day Complete Shutdown Real or Not?
If the Bitcoin you have painstakingly accumulated suddenly becomes precarious due to a technological revolution, and may even face a complete shutdown for up to 76 days! This is not a science fiction movie, but a real challenge that Bitcoin is facing! Pierre-Luc Dallaire-Demers, a physicist from the University of Calgary in Canada, has warned that the market is only about 5 years away from quantum computers being able to crack Bitcoin wallets. This is not an alarmist statement; a study from the University of Kent directly pointed out that if Bitcoin wants to effectively guard against the threats posed by quantum computing, it must update its protocols, the cost of which would be a complete shutdown for 76 days!
Are you still regretting missing out on the leading AI Agent project? The secrets to finding the AI Agent leader have been prepared for you by Mlion.ai!
In the past month, AI Agents have stirred up huge waves in the crypto circle, with market capitalization soaring by 10 billion USD, seemingly illuminating the dawn of the next crypto boom. Are you also wondering how to capture the most dazzling 'leader' in this AI Agent feast? Don't worry, let Mlion.ai take you on an exploration! Imagine how you can quickly find the outstanding projects when a new crypto narrative is in full swing? Mlion.ai is here to help you! 1. On-chain Revenue Method Anomalies in on-chain revenue and transaction data often indicate the development trends of a project. For example, Clanker, as a star project in the Base ecosystem, saw its on-chain revenue decline, which quickly reflected in its token price. Paying attention to these data changes may help you seize key opportunities.
A Century-Long Partnership Between DeFi and Traditional Finance? How Shocking is the Collaboration Between Frax and BlackRock!
Have you ever thought about the global largest asset management company BlackRock partnering with the leading DeFi project Frax Finance? This could be a historic transformation in the stablecoin market! With BlackRock's BUIDL token proposed as a reserve asset for Frax USD, the boundaries between DeFi and traditional finance are gradually dissolving. What opportunities and trends worth our attention are hidden behind this? BlackRock and Frax: A Strong Alliance of Traditional Finance and DeFi BlackRock's BUIDL token is its first tokenized fund, and the purpose of this proposal is not only to enhance the stability of Frax USD but also to provide it with strong credit backing. Imagine a financial giant managing $11.5 trillion in assets, directing resources toward the DeFi field! This not only enhances the market credibility of Frax USD but also brings a new development paradigm to the stablecoin market.
Meme Coin Millionaire Experience Sharing: How to Dig for High Cost-Performance Thousand-Fold Coins
Are you also dreaming of getting rich overnight by investing in meme coins? But do you know how to find those high-potential thousand-fold coins in this risky market? It's not about luck; it requires certain strategies and vision. Today, we will share the experience of a successful crypto millionaire, revealing the key steps to investing in meme coins, helping you accurately capture high-cost-performance potential coins in the next bull market. 1. Choose the right market track: Only big tracks can have thousand-fold coins You might ask: Why are meme coins so popular, and why have they become the target of so many people's pursuits? Because these coins have strong community dynamics and vast market potential behind them. In the crypto market, fields like L1, L2 blockchain, DeFi, and payment systems are the major tracks capable of producing thousand-fold coins. Only potential projects in these tracks have the opportunity to achieve significant market value appreciation. In contrast, smaller markets, even with strong technology, find it difficult to support the emergence of thousand-fold coins.
4 major increases in 5 Christmases! Can Bitcoin ignite the market again this year?
This Christmas, the market may surprise you! According to historical data, Bitcoin's performance at the end of the year seems to always bring a glimmer of hope for investors. Over the past 5 years, Bitcoin has experienced a bullish rebound after Christmas in 4 out of those years, with the only exception being 2021, which was at the peak of the previous bull market.
For quick news AI analysis, please visit: mlion.ai Mlion News: Data from December 23 shows that Bitcoin experienced 6 declines and 5 increases in December. Although the number of declines is slightly higher, the increases often far exceed the declines. Particularly in December 2020, Bitcoin shocked the market with an astonishing increase of 46.92%, making it the most remarkable rising month in history. In comparison, the maximum decline of 34.81% in December 2013 is clearly incomparable.
【Mlion AI Daily】Cryptocurrency Market Overview - 2024/12/22
📊 As of midnight, mlion.ai data shows that the total market capitalization of cryptocurrencies has fallen to $3.42 trillion, shrinking by 2.91% in the last 24 hours! Trading volume also faced a setback, with only $170.81 billion, a decrease of 20.6% compared to the previous period.
💸 Bitcoin (BTC) is approaching the $95,000 mark, hitting the brakes urgently! The price has dropped to $95,189, down by 2.16%. However, its market cap remains dominant at $1.88 trillion, accounting for 55.1%. In terms of trading volume, BTC contributed 25.8% of the market share, totaling $44.11 billion.
🌐 Ethereum (ETH) is similarly pessimistic, with the price sliding to $3,281.9, down by 1.71%. Its market cap is $395.32 billion, accounting for 11.6%. Trading volume accounts for 15.1%, totaling $25.76 billion. Together, the two account for 66.7% of the market's total market cap, with a trading volume share of 40.9%.
🚀 Stars of Growth: Today's top five dark horse tokens revealed! TIME: Market cap skyrocketed, with a 24-hour increase of 256%! Strips Finance: Following closely, with an increase of 63.7%! NexGami: Not to be outdone, with a rise of 62.9%! LUCE: Emerging strongly, with an increase of 47.1%! Alchemist AI: Steady rise, with an increase of 40.6%!
📉 Industry Performance: Among 16 major sectors, only 3 are up, while 13 are down!
💡 Key Focus: CeFi, NFT, and AI sectors all declined! Fiber networks, NFTs, and AI dropped by 2.46%, 2.48%, and 2.63% respectively. Leading decliners include QASH (-15%), SN (-44.9%), and CGPT (-20%) among others.
🔥 News Flash: 💸 BTC falls below $95,000 USDT! 💡 Zhao Changpeng reveals: UAE holds $40 billion in BTC (not officially confirmed)! 💰 Coinglass data: 24-hour liquidation amount reached $278 million! 📈 Frax Finance considers incorporating BUIDL tokens as reserve assets! 💼 Hut 8 explains Bitcoin reserve strategy! 💼 Trump appoints Stephen Milan as chairman of the Economic Advisory Council! 💸 ETH falls below $3,400 USDT! 💻 Trump appoints Bo Hines as executive director of the Presidential Digital Asset Advisory Council! 🌍 Asian Crypto News: Japan tax reform, South Korean legislator's crypto asset case, Bitcoin mining machine prices surge! 📉 SOL falls below $180 USDT, with a slight 24-hour drop of 0.19%!
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El Salvador's "currency" reaches a new height! IMF loans are voluntarily accepting Bitcoin? What's going on?
Imagine you go to a store and the shopkeeper tells you, "Hey, man, we now accept Bitcoin on a voluntary basis!" You would be shocked and think, isn't this the same country as El Salvador that did this? That's right, this time they have taken Bitcoin to a new level in their loan agreement with the International Monetary Fund (IMF)! 💥 Hot news! El Salvador has reached a $1.4 billion loan agreement with the International Monetary Fund, but the condition is that merchants must voluntarily accept Bitcoin! Moreover, the government will have to reduce its participation in Bitcoin-related projects, and even the previously popular Chivo wallet will have to "cool down" for a while. Do you think the IMF is giving El Salvador a problem?
Surprise! The account was stolen and fake news was posted, but the USUAL price soared by 30%? What happened?
Your social media account was hacked, and you posted a non-existent cooperation message, which resulted in a 30% surge in the price of a currency! This is not a movie plot, this is a real story in the cryptocurrency world! Vivek Ramaswamy, co-leader of the US government's efficiency department DOGE, encountered such an "adventure" on his X platform account. 😱 Breaking news! Last night, Vivek Ramaswamy's account was hacked and he posted a false statement claiming that the DOGE department had reached a cooperation with USUAL. This statement instantly ignited the enthusiasm of the market, and the price of USUAL rose accordingly. But just when everyone was cheering, James Fishback, CEO of Azoria Partners, poured cold water on it, refuting the rumor that Vivek's account was hacked and the cooperation statement was fake!
Shocking news! BlackRock’s Bitcoin popularization video contains a hidden secret, and the bigwigs in the cryptocurrency circle are collectively furious?
Have you ever thought that BlackRock, one of the world's largest asset management companies, would actually plant a "mine" that would cause an uproar in the entire cryptocurrency world in a short three-minute Bitcoin science video? Imagine you are watching a video with great interest, learning about the fixed supply of 21 million Bitcoins, one of the core features of Bitcoin, as if it is engraved in its DNA. But suddenly, a line of small words at the bottom of the screen flashes by like a ghost, making your heart tighten: "There is no guarantee that the 21 million supply limit of Bitcoin will not be changed."
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Will ETFs rise when they go online? What do you think? Welcome to leave a message in the comment area
According to analysis by Mlion.ai, the impact of the launch of ETFs on the cryptocurrency market is multifaceted, and the rise and fall depends on a variety of factors:
1. Short-term fluctuations: After an ETF is launched, the market usually experiences short-term fluctuations. Some investors may engage in arbitrage operations before and after the ETF goes online, causing prices to rise briefly, but may then see a correction. This had precedent when the Bitcoin ETF was first launched.
2. Market sentiment: The launch of ETFs is usually seen as a sign of market recognition of cryptocurrencies, which may stimulate market enthusiasm and attract more institutional and retail investors to enter the market, thereby driving up prices.
3. Increased liquidity: The launch of ETFs increases market liquidity, allowing investors to buy and sell cryptocurrencies more conveniently, which helps improve market stability and attractiveness, thereby driving price increases.
4. Long-term impact: Although the short-term impact of ETFs is relatively significant, long-term trends still need to consider the overall market environment, macroeconomic factors, and the development of cryptocurrency itself. The long-term impact of ETFs is more reflected in market maturity and changes in investor structure.
Generally speaking, the cryptocurrency market usually experiences short-term fluctuations after the ETF is launched, but the specific rise and fall needs to be comprehensively judged based on market sentiment, liquidity, and the macroeconomic environment. Investors should remain cautious, pay close attention to market dynamics, and adjust investment strategies in a timely manner.
Have more questions? Welcome to leave a message in the comment area
According to Mlion.ai analysis, US President Biden's announcement of withdrawal from the 2024 presidential election will have a profound impact on the future currency market, as follows:
1. Increased market volatility: Biden's withdrawal has increased political uncertainty, leading to fluctuations in market sentiment. Investors may turn to safe-haven assets, including some cryptocurrencies, leading to increased volatility in the currency market in the short term.
2. Changes in policy expectations: If Republican candidate Trump is elected, his negative attitude towards cryptocurrencies may lead to stricter regulatory policies. This will put pressure on the cryptocurrency market and may limit market development and investment enthusiasm.
3. Fluctuations in the value of the US dollar: Biden's withdrawal may lead to a more conservative monetary policy by the Federal Reserve, thereby affecting the value of the US dollar. A stronger US dollar may be unfavorable to the cryptocurrency market, as cryptocurrencies are often seen as assets that hedge against a depreciation of the US dollar.
4. Impact on market confidence: Biden's withdrawal may cause investors to be uncertain about future economic policies and regulatory environment. The cryptocurrency market may be affected, and investors need to pay close attention to policy changes and market dynamics.
In general, Biden's withdrawal will have a complex impact on the future currency market. Investors need to pay close attention to the political situation and market reactions and adjust their investment strategies in a timely manner.
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