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12 02, 2025

Why Solana (SOL) Price Is Down Today?

By |2025-02-12T14:49:42+02:00February 12, 2025|Crypto News, News|0 Comments

The cryptocurrency market continues recording a mixed price action since the month started. This has resulted in top tokens breaking down their important support trend levels. Following this, the SOL price has plunged below the $200 mark.

Considering the current market trends, investors are curious with questions like “Is this a good time to invest in Solana tokens?” In this article, we at CoinPedia have uncovered the possible short-term Solana Price Analysis just for you!

SOL Price Drops Below The $200 Mark!

The price of Solana has dropped by 4.59% in 24 hours with a trading volume of $3.340 billion, a change of -14.51%. Further, it has plunged 5.59% over the past week, indicating an increase in the selling pressure. With a market cap of $94.605 billion, it has a market dominance of 3.021%.

Why Solana (SOL) Price Is Down Today?
SOL Price Analysis 12th Feb 2025

The Relative Strength Index (RSI) records a steady decline toward the oversold range in the daily time frame. Moreover, its average trendline displays a similar price trend, hinting at a negative outlook for the altcoin in the coming time.

On the other hand, the SMA indicator witnesses a bullish convergence in the Solana price chart. This suggests mixed price sentiment for the 05th largest cryptocurrency in the market.

Will Solana Price Rise Back Up?

Suppose, the bulls regain momentum, the Solana price could retest its immediate resistance level of $200. Furthermore, if the bulls maintain dominance, this could set the stage for this altcoin to head toward its upper resistance level of $210 this month.

On the contrary, a sustained bearish action could result in the price of Solana token plunging toward its crucial support level of $181.50. Moreover, if the bearish sentiment intensifies, this could pull the value of this altcoin toward its low of $155.

Are you one of many who are curious to explore the long-term prospects of SOL tokens? Read CoinPedia’s Solana Price Prediction to uncover the possible mysteries!

FAQs

How much will 1 Solana be worth in 2025?

If the bullish sentiment sustains, the price of SOL token could reach a maximum trading value of $400.

Is Solana a good buy?

With increased adoption and rising dominance, the SOL coin price could range between $716 and $1,351 during the year 2030.

How much is Solana worth now?

At the time of writing, the value of one SOL token was $195.51.

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12 02, 2025

Can ETH Match BTC’s Strong Performance Next Year? » FX Leaders

By |2025-02-12T12:49:10+02:00February 12, 2025|Crypto News, News|0 Comments

Ethereum (ETH/USD) had an impressive 2024, climbing 45% in value, despite not hitting new highs like Bitcoin.

A significant milestone was the introduction of Ethereum spot ETFs in July, several months after the SEC approved Bitcoin ETFs. While these ETFs didn’t immediately impact ETH prices, their growing popularity drove total net asset values above $12 billion, with daily inflows exceeding $100 million.

This surge in interest provided strong support for Ethereum during the latter half of the year and will continue to grow in 2025 as Ethereum has scheduled the major Pectra network upgrade in Q1, attempting to make the blockchain faster, cheaper, and more profitable for stakers.

As 2025 begins, Ethereum is maintaining its momentum, with the $3,000 level acting as a solid support. Market sentiment is cautiously optimistic, buoyed by expectations of a more pro-crypto stance from the new White House administration and SEC leadership.

Increased integration of Ethereum into traditional financial systems further bolsters its outlook. Analysts foresee a potential retest and breakout above the 2024 high of $4,100 in Q1 2025, with the possibility of reaching $5,000 if favorable conditions persist.

Ethereum Technical Analysis – The 200 SMA Keeps Buyers in Control As Lows Keep Getting Higher

Ethereum started life with a value below $1 in 2015 with the launch of the Ethereum platform by Vitalik Buterin and Joe Lubin, which has become the second-largest crypto network by market capitalization.

ETH continues to remain on an upward trend, indicating further bullish momentum in 2025, while in early 2025 it started the new year close to $4,000, and the first week of 2025 has started quite bullish, suggesting that Ethereum buyers will continue to remain in charge this year.

ETH has moved up in waves, climbing above $10 by 2016, where it stabilized for more than a year, until the first “gold rush” for cryptos started later that year, sending the value of Ethereum more than 100 times higher, with ETH/USD above $1,400 until the next major crypto rally which started late in 2020.

ETH/USD Chart Monthly – The 50 SMA Has Been the Ultimate Support Since 2020

2021 was a great year for digital currencies, keeping the Ether coin on a strong bullish trend, and 2024 was similar for digital currencies. ETH surged above $4,800 back then, getting pretty close to $5,000, which is the watermark level for this major crypto coin.

The crypto market reversed lower in late 2021, with Ethereum dipping below $1,000, however, there was no close below that major level and the 50 monthly SMA (yellow) turned into support, holding ETH/USD in numerous cases.

That moving average has been pushing the lows higher, thus keeping the uptrend going. In late 2023 the next bullish wave started for cryptocurrencies, and Ethereum surged higher again, gaining around 400% in value as the price climbed above $4,000 by March 2024.

The price retreated again during summer but the 50 monthly SMA held as support again, and the price remained above $2,000, forming two doji monthly candlesticks, signaling the next bullish move, which came in late 2024. However, Ethereum buyers were unable to push above the previous 2024 high, while Bitcoin printed a new record high above $100K.

Ethereum’s 2024 Performance Suggests Further Gains in 2025: Growth, Milestones, and Market Leadership

Although Ethereum didn’t achieve a new all-time high in 2024, it still delivered an impressive performance, ending the year $1,000 higher. This growth was fueled by improving on-chain metrics and a favorable shift in market sentiment.

Early in the year, the strengthening optimism around cryptocurrencies propelled ETH/USD beyond $4,000 during Q1. Later, significant events such as Donald Trump’s presidential win and the Ripple court victory against the SEC provided another wave of momentum, lifting Ethereum and the broader crypto market as the year closed.

Ethereum Daily Chart – Consolidating After the Bullish Move

Ethereum remains the dominant player in the decentralized finance (DeFi) and NFT sectors, supported by robust network activity and continuous ecosystem upgrades. Institutional interest in Ethereum is evident from $2.1 billion in inflows into ETH exchange-traded funds (ETFs) during December alone, driven by BlackRock’s ETHA, followed by Fidelity’s Ethereum ETF FETH, signaling confidence in its long-term potential. The new upgrades will attract further investment into the ETFs during 2025.

The network’s transition to proof-of-stake continues to pay dividends, with staking revenue surging, reflecting increased participation and further decentralizing the system.

Additionally, the resurgence of the NFT market, with rising demand for digital collectibles, solidifies Ethereum’s standing as the leading blockchain for NFTs. These factors, combined with steady ecosystem development, position Ethereum strongly for future growth in both adoption and market influence.

Ethereum Dencun Upgrade: A Leap Forward for Scalability and Efficiency

The Ethereum Dencun update, launched on March 13, 2024, following extensive testnet testing, brought some key advancements to enhance scalability, reduce costs, and heighten security.

Proto-Danksharding, a central feature of the upgrade, presented”blobs” for efficient data storage, increasing network capacity and boosting transaction speeds.

This particularly benefited Layer-2 rollups, which reported fee reductions of up to 90%, making transactions significantly cheaper for users. The update also optimized on-chain data handling and gas usage, reducing costs and improving resource efficiency.

Additionally, Ethereum’s Proof-of-Stake protocol was reinforced, enhancing security and cross-chain data integrity. Dencun marks a major step forward for Ethereum, addressing core challenges and solidifying its position as a leading blockchain platform.

Upcoming Ecosystem Developments and Ethereum’s 2025 Outlook

Rising ETF inflows suggest a positive outlook for Ethereum’s price trajectory, strengthening predictions of an ETH cycle peak during 2025. Despite the traditionally low liquidity around Christmas, Ether exchange-traded funds (ETFs) set a new monthly record in December, bolstering analysts’ expectations of a significant price surge.

Just five months after their July 2024 debut, cumulative net inflows into U.S. spot Ether ETFs exceeded $2.1 billion in December, marking a new milestone. This strong demand for Ether-based ETFs highlights growing investor interest and supports Ethereum’s potential for continued growth in the coming year.

Ethereum’s growth in 2025 is likely to be shaped by several key factors, including the continued roll-out of Ethereum 2.0 upgrades and advancements in scalability and efficiency.

Institutional adoption within the dApp ecosystem, decentralized finance (DeFi), and the potential approval of ETH-based ETFs by traditional finance players could further strengthen its position.

The growth of decentralized applications (dApps) and evolving global cryptocurrency regulations—particularly following changes in U.S. government leadership and the resignation of the former SEC chairman—are also poised to influence Ethereum’s trajectory.

Ethereum’s Next Major Upgrade: Pectra

Ethereum continues to face challenges with transaction fees, scalability, and user experience. The upcoming “Pectra” upgrade—short for Prague and Electra—aims to resolve these issues in two phases scheduled for 2025 and 2026. Building on previous updates like “The Merge” (2022) and “Cancun” (2024), Pectra focuses on improving usability, efficiency, and network capacity.

Key Innovations and Impact

Pectra introduces account abstraction, allowing users to pay gas fees with tokens like USDC instead of ETH, eliminating the need for small ETH balances. Third-party gas sponsorships may also lower costs for users.

The Ethereum Virtual Machine (EVM) will be enhanced for faster, cheaper smart contract execution. Staking improvements include raising the validator limit from 32 ETH to 2048 ETH and enabling flexible withdrawals (EIP-7002), streamlining operations for large validators and improving network efficiency.

Technical advancements include Verkle trees, which reduce storage needs and accelerate transaction processing, and Peer Data Availability Sampling (PeerDAS), which enhances Layer-2 scalability and data handling. Collectively, these changes will lower costs, improve scalability, and strengthen Ethereum’s position as a leading blockchain platform.

Ethereum Metrics 3 January 2025

  • Circulating Market Cap:
    • Valued at $436 billion.
    • Total Ethereum Ecosystem Market Cap:
    • Reached $1.03 trillion.
    • Circulating Market Cap Dominance:
    • Stands at 13.29%.
    • ETH Spot Exchange-Traded Funds (ETFs):
    • Recorded net inflows of $2.1 billion in December 2024.
    • Decentralized Exchange (DEX) Transaction Volume for 2024:
    • Ethereum led with $674 billion, representing a 46.3% year-on-year growth.
    • Daily Ethereum Transactions:
    • Averaging approximately 1.2 million transactions.
    • Weekly transactions averaging around 9 million, well below the 11 million transactions in May 2021
    • Monthly Trading Volume for December 2024:
    • Totaled $22.82 billion.
    • Annual On-Chain Spot Trading Volume for 2024:
    • Reached $451.5 billion.
    • Ethereum NFT Market:
    • NFT transaction volume surged by 351%, totaling $885 million.
    • ETH Stakers’ Income:
    • Rose by 30% in 2024, reaching $342 million, reflecting increased staking rewards and network activity.

Conclusion: Ethereum Could Reach $5,000 in Q2 and $7,000 by End of 2025

Despite Ethereum’s strong performance in 2024, investors should remain mindful of broader cryptocurrency market sentiment and trend cycles. Regulatory developments could significantly impact Ethereum’s adoption and applications, potentially altering its competitive edge in regard to similar blockchains. For instance, emerging blockchains like Solana may present increasing competition in terms of speed and efficiency, challenging Ethereum’s dominance in the space.

Currently, Ethereum’s price remains within the $3,500-$4,000 range, which is significantly above the average staking deposit price of $2,380. This price level provides validators with solid returns on their investments, particularly if ETH’s value continues to rise.

These favorable conditions for validators and network participants could further bolster confidence in Ethereum as it navigates the evolving crypto landscape in 2025.



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12 02, 2025

BNB Price Prediction: BNB Could Lag Behind Cardano and Remittix Moving Into Q2

By |2025-02-12T10:47:46+02:00February 12, 2025|Crypto News, News|0 Comments

Crypto investors watch price trends closely. Recent BNB price predictions show that it may fall behind other tokens this quarter. Some experts say that Cardano and Remittix may lead gains in Q2. Investors now ask which coin will bring the best returns. Many consider Remittix one of the best cryptos to buy. Its current DeFi coin price is low, which makes it attractive for those who want growth. Let’s look at what lies ahead for BNB, Cardano, and Remittix.

BNB: Price Challenges Ahead  

BNB, the native token of Binance, has seen steady growth in the past. However, some recent BNB price prediction suggest that it may struggle to keep up in Q2. Market trends indicate a slowdown in trading volume and investor interest. Reports note that regulatory pressures and market uncertainties may affect BNB’s future. Current forecasts for BNB price prediction point to modest gains at best. Investors worry that BNB might not reach its past heights if global conditions remain tough. Even with its strong position, BNB could lag behind other tokens that show clear real-world use.

Some experts warn that if investor sentiment stays low, BNB’s price may drop further. Technical charts show support levels that could hold the price, but the upside appears limited. For those seeking tokens with a clear path to high returns, BNB might offer less potential compared to emerging projects.

Cardano: Strong Fundamentals and Steady Growth  

Cardano has built a solid reputation with careful development and strong fundamentals. Many fans follow the latest Cardano news to keep track of new upgrades. The recent Cardano price prediction reports are positive and suggest that ADA will grow steadily. Current forecasts hint at a rise of around 15-20% in the coming months if network updates keep coming. 

Cardano is known for its proof-of-stake system and a wide ecosystem of apps. Its careful approach to adding new features and its robust community give ADA a stable base. Many investors see Cardano as one of the best cryptos to buy for long-term value. Its price may not shoot up dramatically, but its steady progress makes it a safe bet for those who prefer reliability over wild swings.

The platform supports many decentralized applications that add to its value. Regular updates and active community support contribute to ADA’s potential. Investors who check Cardano price prediction reports find that ADA continues to be a strong asset in a changing market.

Remittix: A Revolutionary Altcoin with Clear Utility  

Remittix has emerged as a new DeFi project with real-world use. It focuses on fixing a common problem: slow and costly international payments. Remittix offers a system called PayFi that connects crypto to traditional banks in a new way. This system reduces delays and cuts costs, which helps people send money across borders faster. It also supports crypto-to-fiat transactions. This means that users can convert their crypto into cash more easily.

The project sold 455 million tokens so far in its ongoing ICO, a sign of strong early support. Remittix’s current DeFi coin price sits at about $0.0567. Investors see this low price as an entry point with great potential. Some experts predict that Remittix could see returns as high as 10x or even 50x if market conditions remain good. Such bold forecasts have made Remittix one of the best cryptos to buy for those who seek explosive growth.

Remittix does not rest on short-term trends. It works to fix a real problem in global payments. Traditional international transfers take days and often cost a lot. Remittix cuts out many extra steps and speeds up the process. It can help both small businesses and individuals send money quickly and fairly. This clear use case is why many smart investors look at Remittix as a token that can change the way payments work.

The team behind Remittix takes security and transparency seriously. They have done many smart contract tests to keep the system safe. They also locked liquidity pools and team tokens for three years. These steps give investors confidence that Remittix is built for the long run. As more people need fast, cost-effective payments, Remittix is set to play a key role in global finance.

Discover the future of PayFi with Remittix by checking out their presale here:

Website: https://remittix.io/                        

Socials: https://linktr.ee/remittix


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12 02, 2025

XRP Price Prediction For February 12

By |2025-02-12T08:46:55+02:00February 12, 2025|Crypto News, News|0 Comments

Ripple’s XRP is currently down by more than three percent and is trading at $2.40 levels. The altcoin has shown sideways action after an impressive recovery on February 3.  At present, XRP is in a sideways range, and there’s speculation it could form into a triangle or possibly a continuation pattern. The market is currently in a waiting phase, and the next few days will determine whether XRP can break above resistance or fall further. 

This week, two important events are happening that could impact XRP holders: the release of the Consumer Price Index (CPI) on Wednesday, February 12th, and the Producer Price Index (PPI) on Thursday. While XRP is currently consolidating, these reports might temporarily affect its price, especially with ongoing market uncertainties and fears. 

Key Support and Resistance Levels

  • Critical Support Levels: XRP is currently testing key support near $1.95 (mid term). A break below $1.95 could mean further weakness in the price action.
  • Resistance Levels: To confirm a bullish move, XRP needs to break above $2.72, which is the resistance point for the current price structure. A break above $2.72 could lead to a move towards higher levels, potentially testing the all-time high near $3.40 (long term).

Key Considerations for Bullish Movement

  • Important Trend Reversal Levels: A move above $2.72 could signal the start of the next leg up. However, for this to be sustained, the price must also break above the $2.79–$2.80 range.
  • Potential Risk Zones: Until a confirmed breakout above resistance or support occurs, there’s a possibility that XRP may continue in the current range. Patience is essential, as a sudden downward move could lead to further risk, while a breakout to the upside could present trading opportunities.

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12 02, 2025

Here’s XRP Price If Nine Global Banks Buy XRP with Just 0.5% of Their Assets

By |2025-02-12T06:45:47+02:00February 12, 2025|Crypto News, News|0 Comments

XRP could witness a massive price spike due to supply shock if nine of the largest global banks invest only 0.5% of their total assets.

Notably, discussions around the potential adoption of XRP by the banking system has gained momentum amid positive regulatory changes. For one, the U.S. SEC’s recent change in leadership has triggered speculations of an imminent settlement in the Ripple vs. SEC case.

This could completely lift any regulatory cloud over XRP, leading to greater institutional adoption. Amid these discussions, market analyst Steph recently suggested that if some of the world’s largest banks adopted XRP, the impact on its price could be massive. 

In an accompanying chart, he called attention to such possible adoption by nine of these banks. However, his disclosure lacked specific figures. Notably, a more streamlined analysis provides a clearer picture of how this could unfold.  

Steph is Crypto on X
Steph is Crypto on X

Massive Institutional Capital Flowing Into XRP

Data from CompaniesMarketCap.com shows the sheer scale of assets held by these financial giants. Particularly, the China Construction Bank controls $5.837 trillion, while the Bank of China holds $4.859 trillion. 

Meanwhile, JP Morgan follows with $4.210 trillion, and Bank of America has $3.324 trillion. HSBC’s total assets amount to $3.098 trillion, Wells Fargo’s to $1.922 trillion, Citigroup’s to $2.430 trillion, Banco Santander’s to $2.013 trillion, and Barclays’ to $2.049 trillion. Combined, these banks control a staggering $29.74 trillion in assets.  

If each of them allocated just 0.5% of their total assets to purchasing XRP, the capital injection would surpass $148.7 billion. At XRP’s current price of $2.3, this would result in substantial acquisitions. 

Specifically, China Construction Bank alone could purchase 12.69 billion XRP, while Bank of China would obtain 10.56 billion XRP. JP Morgan’s allocation would translate to 9.15 billion XRP, and Bank of America’s to 7.23 billion XRP. 

Further, HSBC would secure 6.73 billion XRP, while Wells Fargo, Citigroup, Banco Santander, and Barclays would acquire 4.18 billion, 5.28 billion, 4.38 billion, and 4.45 billion XRP, respectively. In total, these banks would accumulate 64.66 billion XRP, representing nearly 65% of the liquid supply.  

The Ripple Effect on XRP Price

With XRP’s total supply at 100 billion, removing 64.66 billion XRP from the market would create an extreme supply shock. Notably, a purchase of this scale would likely drive prices higher. However, the extent of this price surge remains uncertain, so we sought insights from ChatGPT.

The AI chatbot first used a market cap formula to estimate the impact of this potential capital influx. Given that the purchase would inject $148.7 billion into XRP, its market cap would more than double. 

If the price followed this increase proportionally, ChatGPT estimates XRP could rise to at least $4.6. However, this estimate assumes the market reacts in a linear fashion.

XRP Price Prediction ChatGPTXRP Price Prediction ChatGPT
XRP Price Prediction | ChatGPT

In reality, several factors could drive the price even higher. The chatbot noted that a supply squeeze, combined with surging demand, could send XRP’s value soaring well beyond $10. It also projected that XRP could climb to $20 or even $50, depending on how aggressive the market response is.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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12 02, 2025

Solana Price Prediction: 10X Rally Possible? $6 Billion Network Expansion Since 2025 for SOL – Can This Spark the Rally?

By |2025-02-12T04:44:47+02:00February 12, 2025|Crypto News, News|0 Comments

Solana’s network is expanding fast, with Circle minting another 250 million USDC, bringing the total to $6 billion this year. Stablecoin supply on Solana jumped 112% in January, hitting a record $11.1 billion – and with liquidity soaring, SOL’s price could see 10x in 2025.

Meanwhile, PlutoChain ($PLUTO) is emerging as a potential solution for Bitcoin’s biggest problems. This Layer-2 solution might enable fast transactions, cut fees, and potentially boost Ethereum compatibility.

Let’s check out the details!

Solana Price Prediction – Can the $6 Billion Expansion Push SOL 10x?

Solana’s network is expanding quickly, with stablecoin issuer Circle minting another 250 million USDC on the blockchain, according to Spot On Chain data. This brings the total USDC minted on Solana in 2025 to $6 billion, including 1.25 billion in the past week alone. The surge signals strong capital inflows, reinforcing Solana’s growing dominance in the entire field.

Stablecoin supply on Solana jumped 112% in January, reaching a record $11.1 billion. USDC remains the top stablecoin on the network, holding a 77% market share. Since bottoming out in November 2022, Solana has outperformed Bitcoin and Ethereum in both price gains and capital inflows, benefiting from sustained liquidity growth.

With rising adoption and increasing liquidity, SOL could be set for a huge rally. If momentum continues, a 10x move isn’t out of the question, especially if demand for Solana-based assets keeps climbing. However, market conditions and resistance levels will ultimately determine how high SOL can go.

PlutoChain ($PLUTO) Might Be Bitcoin’s First Hybrid Layer-2 – But How Could This Change BTC’s Future?

PlutoChain ($PLUTO) might represent a significant step forward for Bitcoin. While Bitcoin remains the gold standard for security and decentralization, it’s fallen behind Ethereum and Solana in terms of speed and real-world applications.

PlutoChain’s hybrid Layer-2 blockchain could bridge this gap by potentially expanding Bitcoin’s capabilities. The platform achieves 2-second block times, compared to Bitcoin’s 10 minutes, which may make BTC more practical for everyday transactions while potentially lowering fees.

One of the biggest innovations could be the introduction of smart contracts to Bitcoin. This feature might enable developers to build decentralized applications (dApps) on Bitcoin, possibly opening doors to DeFi, NFTs, and AI integration.

The platform’s Ethereum Virtual Machine (EVM) compatibility could allow for easier migration of Ethereum projects to Bitcoin, potentially combining Ethereum’s flexibility with Bitcoin’s established security features. Community governance appears to be central to PlutoChain, as users may participate in voting on platform decisions, which could help shape its development.

Initial testnet results suggest the platform is capable of processing approximately 43,200 daily transactions. Regarding security, PlutoChain has reportedly undergone audits from firms like SolidProof, QuillAudits, and Assure DeFi, which may provide some assurance about its safety measures.

The Verdict

Solana’s expanding stablecoin reserves and rising liquidity signal strong momentum, with billions in fresh capital fueling speculation about SOL’s next big move. If this trend continues, sustained demand could push further its price in the coming months.

However, there’s a new project that could gain buzz in the following weeks – PlutoChain ($PLUTO). Built as a hybrid Layer-2 for Bitcoin, it could expand the network’s ecosystem while solving long-standing issues such as scalability and utility.

With innovations such as 2-second block times, smart contracts, and EVM compatibility, PlutoChain might help position Bitcoin to compete more effectively with networks like Ethereum and Solana.

———

Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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12 02, 2025

Dogecoin Price Prediction: Historical Patterns Suggest DOGE Could Rally More Than 500% to $1.98 – Doge Coin News Today

By |2025-02-12T02:43:45+02:00February 12, 2025|Crypto News, News|0 Comments

Dogecoin ($DOGE) has recently garnered attention due to predictions of a potential 500% surge, possibly reaching $1,98 or maybe even more. There are predictions even more optimistic than this one, but the question is – which one will be the right one?

PlutoChain ($PLUTO), however, could introduce the first hybrid Layer-2 solution to Bitcoin, potentially enabling smart contracts and decentralized applications. With an average block time of just 2 seconds, PlutoChain could enhance Bitcoin’s scalability and transaction speed.

Will Dogecoin Repeat History? Price Models Point to a $1.98 Target

Dogecoin ($DOGE) has recently exhibited patterns reminiscent of its 2020-2021 bull run, suggesting a potential rally exceeding 500%. In that period, DOGE broke above a symmetrical triangle, leading to a staggering 31,375% surge.

As of January 2025, similar breakout signals have emerged, indicating a possible significant price increase. Analysts have observed that DOGE’s current correction mirrors previous cycles, with percentage declines closely aligning with past patterns.

Analyst Javon Marks highlights Dogecoin’s historical price trends, pointing to its recurring market cycles.

Marks’ analysis outlined three distinct phases, each involving accumulation, a breakout, a surge in price, and a subsequent correction. Based on these patterns, Marks suggested that Dogecoin remains on track for another bullish move.

While the 500% and over rally wouldn’t be instantaneous, Dogecoin’s momentum and current market conditions set a positive stage for DOGE to shine over the next few years.

PlutoChain’s New Hybrid Layer-2 Blockchain Could Redefine Bitcoin’s Expansion With Smart Contract Integration

Bitcoin’s biggest limitation has always been its inability to support smart contracts and decentralized applications (dApps) natively. While networks like Ethereum and Solana have built thriving ecosystems with DeFi, NFTs, and AI projects, Bitcoin has remained primarily a store of value.

PlutoChain ($PLUTO) could change that by introducing a hybrid Layer-2 solution that enables smart contracts and scalable applications directly on Bitcoin – without relying on external blockchains.

PlutoChain’s infrastructure could allow developers to build on Bitcoin while benefiting from low fees, high-speed transactions, and Ethereum Virtual Machine (EVM) compatibility.

With its own 2-second block time, PlutoChain removes Bitcoin’s slow confirmation bottleneck of 10 minutes, potentially making decentralized finance on Bitcoin a reality.

Developers would be able to migrate Ethereum-based applications seamlessly, possibly creating a bridge between the two most dominant blockchains. Security is another key factor. PlutoChain has successfully passed audits from SolidProof, QuillAudits, and Assure DeFi, reinforcing trust in its network.

Its testnet also validates its potential, processing an impressive 43,200 daily transactions and showcasing readiness for widespread adoption.

Additionally, its governance model gives platform users direct influence over protocol upgrades, ensuring decentralized decision-making. With Bitcoin DeFi still in its infancy, PlutoChain could unlock an untapped market, positioning itself as a leading force in blockchain innovation.

It may redefine Bitcoin’s role beyond a store of value and maybe bring a new wave of applications to the world’s largest digital asset.

Final Words

Dogecoin’s historical trends suggest a potential rally beyond 500%, with analysts identifying patterns similar to past breakouts. If these signals hold, DOGE could surge to $1.98 or higher, making it a key token to watch.

Meanwhile, PlutoChain could transform Bitcoin by introducing smart contracts and decentralized applications through its hybrid Layer-2 solution.

With an average 2-second block time, EVM compatibility, and strong security audits, PlutoChain may finally bring Ethereum-level functionality to Bitcoin.

———

Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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12 02, 2025

Cardano (ADA) Rally Cooling Off, Market Sentiment or What?

By |2025-02-12T00:42:59+02:00February 12, 2025|Crypto News, News|0 Comments

ADA, the native token of the Cardano blockchain, is gaining significant attention from crypto enthusiasts following an asset manager’s move to file for a Cardano Exchange-Traded Fund (ETF) in the United States. This development has sparked notable interest among traders and investors, resulting in impressive upside momentum.

Cardano (ADA) Losing its Gain

As the market surge pushes ADA near a crucial resistance level, the asset has begun experiencing massive sell-offs, causing its price to fall—another disappointment for traders and investors today.

Despite the recent fall in the ADA token price, the asset has reclaimed its uptrend as it moves above the 200 Exponential Moving Average (EMA) on the daily time frame. Additionally, today’s notable selling pressure has not had any significant impact on investor sentiment, as long-term holders appear to be accumulating the token.

Current Price Momentum 

ADA is currently trading near $0.77 and has experienced a price surge of over 11% in the past 24 hours. However, the asset reached an intraday high of $0.815 with a 16% gain, but the market lost a significant portion of those gains, likely due to ongoing profit booking and the current market sentiment.

Nonetheless, participation from traders and investors has surged to the next level, increasing by more than 120% during the same period.

ADA Price Action 

According to expert technical analysis, ADA is at a crucial resistance level of $0.85, where it faced resistance today.

Cardano (ADA) Rally Cooling Off, Market Sentiment or What?
Source: Trading View

Based on the recent price action, if ADA continues to rally and breaches the $0.85 level, closing a daily candle above it, there is a strong possibility it could soar by 32% to reach the $1.13 level in the future.

ADA’s Major Liquidation Areas

Currently, traders are taking a mixed approach. At present, the major liquidation areas are near $0.734, where traders holding long positions are over-leveraged, with $18.80 million worth of long positions. Conversely, $0.826 is another liquidation level, where traders holding short positions are over-leveraged, with $18.20 million worth of short positions.

Source: Coinglass

When combining these on-chain metrics with technical analysis, it appears that long-term holders are accumulating tokens, while intraday traders are taking advantage of the current market sentiment.

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11 02, 2025

Crypto Phoenix Rising? Unleashing New Predictions with AI Insight!

By |2025-02-11T22:41:43+02:00February 11, 2025|Crypto News, News|0 Comments

  • AI-driven analytics are transforming XRP price predictions by processing vast historical data and market trends.
  • AI models improve prediction precision through pattern identification and machine learning techniques.
  • Collaboration between AI and DeFi is creating more reliable predictive models, minimizing biases and historical inaccuracies.
  • AI tools analyze social media sentiment, news, and economic indicators for a comprehensive view of XRP price dynamics.
  • Integrating AI in cryptocurrency forecasting could revolutionize investment strategies for XRP and other digital currencies.

In the ever-evolving world of cryptocurrencies, Ripple’s XRP remains a focal point for both investors and technology enthusiasts. As innovations in artificial intelligence (AI) continue to permeate various sectors, their influence is now extending into the realm of cryptocurrency predictions. The question on everyone’s mind is: How can AI fundamentally change XRP price predictions?

Recent developments suggest that AI-driven analytics could revolutionize the way investors and analysts predict XRP price movements. AI algorithms can process vast amounts of historical data and market trends at lightning speed, offering insights that are significantly more accurate and timely than traditional methods. By identifying patterns and applying machine learning techniques, AI models can predict future price movements with improved precision.

What’s more intriguing is the emergence of AI collaboration across multiple platforms. Decentralized finance (DeFi) realms are integrating AI technologies to create more reliable and trustworthy predictive models. This technological symbiosis could herald a new age for XRP predictions, where biases and historical inaccuracies are minimized.

Additionally, the application of AI in analyzing social media sentiment, news topics, and global economic indicators could offer a more holistic view of what drives XRP price shifts. As these AI tools evolve, they might enable investors to not only predict future prices more accurately but also create new strategies for investment in XRP and other digital currencies.

In a world driven by technology, embracing AI for cryptocurrency forecasting might just be the game-changer the market needs, heralding a new era for XRP and beyond.

This AI Twist Could Be the Key to Ripple’s XRP Price Surge!

How is AI Transforming Ripple’s XRP Price Predictions?

The integration of artificial intelligence (AI) into cryptocurrency predictions, particularly for Ripple’s XRP, is reshaping how analysts and investors approach the market. AI algorithms, by processing extensive historical data and real-time market trends, are providing insights that are not only faster but also more accurate than traditional methods. This transformative capability allows for the identification of patterns and the application of machine learning techniques to predict future XRP price movements with enhanced precision.

What Are the Pros and Cons of Using AI for XRP Price Predictions?

Pros:
Increased Accuracy: AI can analyze vast datasets quickly, offering predictions that are often more precise.
Real-time Analysis: The ability to process data in real-time allows for timely insights.
Pattern Recognition: AI models can identify unseen patterns in data, providing a deeper understanding of market dynamics.

Cons:
Dependency on Data Quality: AI predictions are only as good as the data they are fed. Poor quality or biased data can lead to inaccurate predictions.
Complexity and Cost: Developing and maintaining AI systems can be costly and complex.
Lack of Human Intuition: AI lacks the intuitive understanding of human emotions and market sentiment that experienced traders might possess.

How Can AI-Driven XRP Predictions Impact Investment Strategies?

AI’s role in XRP predictions extends beyond just forecasting prices. By analyzing social media sentiment, news feeds, and global economic indicators, AI tools offer a comprehensive view of market dynamics. This allows investors to develop new strategies tailored to take advantage of predicted market shifts. As these tools continue to evolve, investors can anticipate and react to market changes more swiftly, potentially leading to lucrative investment opportunities in XRP and other cryptocurrencies.

For more information on XRP and cryptocurrency investments, domains like CoinMarketCap and CoinDesk are valuable resources.

Overall, as AI technologies advance, their impact on cryptocurrency markets could be significant, potentially ushering in a new era of intelligent investing strategies.

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11 02, 2025

Solana Resumes Its Sideways Trend Above $190

By |2025-02-11T20:41:04+02:00February 11, 2025|Crypto News, News|0 Comments

Feb 11, 2025 at 14:15 // Price

Solana (SOL) has declined since its rejection of the $260 top price.

Long-term Solana price forecast: bearish


The cryptocurrency dropped and reached the 1.618 Fibonacci extension level or $192.76, which was the price prediction. The downtrend resumed its volatility above the current support at $190 after hitting the expected price level twice. 


Solana has been trading below the moving average lines and above the $190 support since February 6. The moving average lines have hindered the upward moves. The uptrend will resume when the price breaks above the moving average lines. 


Similarly, Solana will return to the previous low at $176 if the bears break below $190 support. Meanwhile, Solana price is $201.


SOL price indicator analysis


The price of the cryptocurrency has fallen below the moving average lines. The selling pressure has eased above the support level of $190. The price bars on the 4-hour chart show the sideways movement since February 3 and are above and below the moving average lines.


Technical indicators


Key supply zones: $220, $240, $260


Key demand zones: $140, $120, $100


SOLUSD (Daily Chart) - FEB 11.jpg

What’s next for Solana?


On the 4-hour chart, the price of Solana has resumed its sideways movement after the price drop on February 3. The altcoin is trading in a relatively narrow range between $190 and $210. 


The presence of doji candlesticks causes the price of cryptocurrencies to move slowly. The doji candlesticks limit the price movement as the resistance of $210 stands in the way of bigger rises. The sideways movement will continue if the levels within the trading range are not broken.


SOLUSD_(4 Hour Chart) FEB.11.jpg


Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

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