In criticism of the U.S. Securities and Exchange Commission (SEC), Ripple’s Chief Legal Officer Stuart Alderoty has accused the regulatory body of engaging in actions that have artificially suppressed the cryptocurrency market.

In a recent tweet, Alderoty wrote, “Turns out, the only ‘efforts of others’ that truly moved crypto markets—by causing massive and prolonged artificial suppression—were those of the SEC.”

The U.S. Securities and Exchange Commission sued Ripple in December 2020, alleging that the San Francisco-based business violated the law by selling XRP without first registering it as a security.

The agency, under Chair Gary Gensler, then filed lawsuits against several digital asset companies, including Coinbase Global and Binance Holdings.

Related

While Bitcoin, the largest digital asset, is considered a commodity, the SEC, led by Gensler, contends that the majority of other tokens are unregistered securities that should be subject to its control. Gensler now wants to step down in January, which has contributed to XRP’s recent price increase.

Overall, digital assets flagged as “unregistered securities” in previous SEC litigation, such as ADA and SOL, have benefited from this positive sentiment.

XRP hits record inflow

The comments from Ripple’s chief legal officer come as XRP is seeing a $100 billion rise.

XRP rose to briefly become the third-largest cryptocurrency following a $100 billion rally. On Monday, the token soared by up to 20% to a nearly seven-year high of $2.50, last touched in January 2018. In the process, its market value increased to $139 billion, up from less than $30 billion on Nov. 5.

Related

At the time of writing, XRP was up 19% in the last 24 hours to $2.28, according to CoinMarketCap data, and ranked the fourth largest cryptocurrency with a market value of $130.29 billion.

According to the most recent CoinShares report, XRP had inflows of $95 million, the highest on record, which could be attributed to the buzz around the possibility of a U.S. ETF.

In positive news, WisdomTree has formally filed an S-1 with the SEC for an XRP spot ETF, joining Bitwise, 21Shares and Canary in applying for a fund that tracks the daily price of XRP.

Beyond the potential bull run, could a “Santa Claus rally” further push Solana (SOL) and young altcoin JetBolt (JBOLT) to new heights? Solana crossed its former all-time high (ATH) to set a new landmark high of $263.83. With its trading volume surging past $100 billion and recent relisting on crypto exchange Bitstamp, market watchers wonder whether it could drive SOL to set a new record at $500.

Meanwhile, the new altcoin JetBolt is exploding into the blockchain scene with over 100 million tokens sold since its presale debut, pulling in buyers curious about its zero-gas technology. Is this young altcoin set to soar in the potential bull run and in December 2024 while Solana races to smash $500? Let’s dive into the details.

Solana Price Forecast: Can SOL Shatter the $500 Mark?

Solana is on a tear lately. Welcoming December 2024 with a press time price of $235.14, SOL has witnessed a notable gain of 40.4% on its monthly price chart.

In November 2024, Solana’s price recorded a peak of $263.83, with a back-to-back historic high on its DEX trading volume valued at over $100 billion. Such developments fueled murmurs of Solana’s capacity to reach $500 before the anticipated bull run takes shape.

Parallel to this, Solana was recently relisted by Bitstamp to its crypto trading options. This listing could give new investors access to the Solana market and help drive its price upward.

Chart of Solana’s (SOL) price over the past month shows it is currently hovering below $250, as per CoinMarketCap data

However, after setting a fresh ATH in November 2024, the SOL price has witnessed a correction. Solana has registered a 6.6% loss over the past week, and it has since struggled to sustain above $250.

With the upcoming holidays, investors may wonder whether holiday optimism could potentially contribute to Solana’s rally. However, Solana needs wider adoption, success with its network upgrades, and other favorable market conditions to continue its sky-high ascent or at least get closer to the $500 mark.

JetBolt (JBOLT) Presale Skyrockets Ahead of the Next Bull Run

As Solana’s breakout at $500 stalls, a new player on the block is piquing the interest of next-gen altcoin enthusiasts and buyers—JetBolt (JBOLT). Young altcoin JetBolt has surged to new heights with its ongoing presale, selling over 100 million tokens as of late.

The enthusiasm surrounding the new altcoin JetBolt has only intensified ahead of the potential bull run. Behind JetBolt’s rapid presale pace are its groundbreaking innovations: game-changing zero-gas technology and an intuitive cryptos-staking platform.

JetBolt’s zero-gas tech feature enables crypto users to make transactions hassle-free, eliminating the long-standing obstacle of expensive gas fees. It also benefits developers, enabling them to build a wide range of blockchain applications without worrying about paying hefty gas costs.

Meanwhile, JetBolt’s crypto-staking platform takes the complexity out of staking tokens. Moreover, it brings a whole new level of fun to staking, as stakers could earn bonus rewards when they connect with friends on the platform.

JetBolt’s presale momentum and features are already driving massive traction to the young altcoin—but that’s not all. Blockchain whales and crypto buyers are eagerly amassing JetBolt tokens early because early acquisition gives them a chance to get up to 25% additional tokens by availing of Alpha Boxes or tokens in batches.

Conclusion — Solana Fresh ATH at $500 While JetBolt Surges Before the Bull Run

Solana could be on a strong upward trajectory, partly driven by its surging trading volume and buyer momentum. However, it could face delays in its $500 price target. While Solana tries to move past its current levels, JetBolt is making remarkable strides in the Web3 space. JetBolt’s explosive presale performance and unique features signal that a new wave of innovation could shake up the market.

Learn more about JetBolt’s innovative features and presale details by visiting:

Official Website: jetbolt.io
Telegram Channel:https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial

This article does not offer any financial advice. Always practice caution and conduct thorough research before acquiring any cryptocurrency. All crypto assets are inherently risky and can be volatile.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.

Despite Dogecoin’s slow performance recently, top experts still think the asset would surge by 2,233% to $10. 

Following its remarkable rally in early November, Dogecoin (DOGE) has been hovering around the $0.4 price mark over the past week. Since the rally, Dogecoin has not registered any significant upward movement, as it keeps fluctuating around 40 cents. 

Despite this, market observers have remained confident about DOGE’s potential, with some predicting an incredible rally exceeding $10. Hitting a target of $10 requires Dogecoin’s price to rise by 2,233% from its current value of $0.4285. 

Fresh Forecasts for DOGE to Hit $10 

Notably, prominent crypto analyst Dima James Potts recently forecasted that Dogecoin would exceed $10 this bull cycle. In a recent tweet, James highlighted a historical pattern observed in Dogecoin’s weekly chart. 

Referencing a red line on the accompanying chart, James noted that this indicator usually aligns with Dogecoin’s peak price in each market cycle. According to the expert, the red line for the ongoing cycle reflects a target of $24 for Dogecoin by 2025, with the price expected to increase over time. 

The expert forecasted that if the pattern repeats itself, Dogecoin’s price might exceed $10 before the end of this cycle. 

$DOGE $10+ DOGECOIN?!🚀🚀

This weekly chart for #DOGECOIN illustrates a consistent pattern where the red line predicts the peak of each cycle. Additionally, the highest point of the candle’s wick reaches the next higher line from the red one, pinpointing the exact cycle’s top.… pic.twitter.com/6OHbyW9b3b

— Ðima James Potts (@DimaPotts36) November 27, 2024

In addition, pseudonymous crypto analyst Gladiator suggested that Dogecoin’s current price movements mirror those witnessed in the previous bull cycle. 

Based on the similarities, the analyst predicted that Dogecoin would embark on a parabolic run starting next year. They noted that this rally could see DOGE trade between $5 and $10 in the first quarter of next year.  

Changelly Forecast 

Besides James and Gladiator, other prominent crypto experts still believe Dogecoin will surge to $10 in its lifetime. 

For instance, analysts at crypto trading platform Changelly echoed this sentiment in their recent analysis of Dogecoin. However, they projected that DOGE would trade close to $10 by 2040, approximately 16 years from now. 

In 2040, Changelly experts expect Dogecoin to trade at a minimum price of $9.35, an average price of $9.84, and a maximum price of $11.19. 

ChatGPT Prediction 

Furthermore, we consulted the popular AI chatbot ChatGPT services to ascertain whether Dogecoin could hit the $10 mark in its lifetime. 

Interestingly, ChatGPT thinks Dogecoin can achieve this feat, forecasting a potential timeline of 5-10 years. This puts the projected timeframe for Dogecoin to hit the $10 target at 2029 – 2034. 

The chatbot highlighted certain factors that could propel DOGE to $10, such as Dogecoin’s continuous use as a payment method and a strong bull market led by Bitcoin and Ethereum. 

Other Predictions Regarding DOGE Surge to $10 

In October, famous crypto expert Ali Martinez asserted that $10 is a realistic target for Dogecoin. Although he did not specify a timeline for Dogecoin’s surge to the $10 mark, he highlighted a chart showing DOGE’s uptick from the base of its weekly rising wedge. 

According to the analysis, if Dogecoin moves to the tip of the wedge in the chart, it will hit the $10 target. 

Major Threat to Dogecoin Rise to $10 

Meanwhile, Dogecoin’s inflation model poses a major challenge for the asset. Every new year, Dogecoin adds 5 billion tokens to its supply, suggesting that the asset would need a higher valuation to reach the $10 target if it takes longer to achieve the milestone.  

To put this into perspective, with Dogecoin’s circulating supply at 147 billion tokens, DOGE would need a market cap of $1.47 trillion to clinch the $10 target. However, if another 5 billion tokens are added to the circulating supply, bringing it to 152 billion next year, DOGE would require a market cap of $1.52 trillion.  

Nonetheless, Dogecoin can still clinch the $10 target amid growing demand from retail and institutional investors, as well as Elon Musk’s continuous endorsement of the token. This article should not be taken as financial advice; hence, caution is necessary. 

At press time, DOGE trades at $0.4285, down 6.88% over the past seven days. Conversely, the token’s value has skyrocketed by 148.85% in the past 30 days and 6.41% in the past day. 

Cardano (ADA) has breached the psychologically key $1.05 threshold, indicating that the cryptocurrency industry may see substantial growth.

With its current price of $1.14 and a remarkable 8% gain over the last day, Cardano ADA/USD has drawn interest from both experts and investors.

Cardano’s Market Performance: A Review

With a weekly rise of more than 9% and a startling 196% increase over the last 30 days, the token has seen an incredible rally. Strong market interest and the possibility of additional appreciation are indicated by the more than 40% increase in trading volumes.

Renowned cryptocurrency expert Lark Davis has boldly predicted that Cardano may rise to $10 during the current market cycle. Supported by technical analysis and the present positive market attitude, Davis predicts an 800% leap.

What’s Driving the Cardano Rally?

The recent US presidential election and the anticipation of pro-crypto policies have coincided with a notable bull run in the larger cryptocurrency market. As Bitcoin gets closer to hitting the $100,000 mark, other cryptocurrencies benefit as well.

Morgan Creek Capital’s Chief Investment Officer, Mark Yusko, has named Cardano as one of his top altcoin recommendations for the upcoming year. Yusko said that in order to stay ahead of the digital revolution, conventional banking institutions may embrace cryptocurrencies like ADA.

ADA Token Unlock in December

Cardano plans to release 18.53 million ADA tokens, or roughly $20 million, on December 4. Staking and treasury funding reserves will receive this release, which amounts to less than 0.1% of the circulating supply.

ADA/USD Technical Analysis and Price Outlook

ADA/USD

Analysts are closely watching several key price levels:

• Immediate resistance at $1.20
• Potential interim targets of $1.50
• Fibonacci extension levels suggesting possible reaches to $4.80 and $7.70

In ADA’s price chart, a noteworthy “bull flag” pattern has appeared, which traditionally signals the possibility of a 50% price increase. Potential short-term targets that analysts have highlighted include $1.08, $1.24, $1.36, and $1.49.

Cardano Price Prediction

With estimates of a 50% return in the near future, some analysts believe Cardano may challenge its all-time high above $3 in 2025. High trading volumes at the time of writing indicate that ADA is still seeing great market interest and excellent momentum.

Bitcoin’s dominance over the crypto market has hit a critical juncture, falling to 56%, a two-year low. That shift signals the arrival of “altseason,” where smaller cryptocurrencies often rally as investors pivot from Bitcoin to altcoins. Here are the Top 4 ‘alts’ for December – with XRP leading the field.

Analyst Mikybull Crypto pointed out in a Nov. 30 X post that this change in Bitcoin dominance could lead to a significant upswing for altcoins in December.

Source: Mikybull Crypto

The period, known as altseason, typically happens when Bitcoin’s dominance over the crypto market wanes. A declining Bitcoin dominance indicates that investors are moving their funds from Bitcoin into alternative digital assets, potentially driving up their prices.

Source: Rekt Capital

The trend is already visible. Ether, the second-largest cryptocurrency, has seen demand for leveraged exchange-traded funds (ETFs) skyrocket by over 160% since Donald Trump won the U.S. presidential election on Nov. 5. Analysts believe this could propel Ether past $4,000 in the near term.

Ripple (XRP) Surges 284% in November – Still Eyeing $2.57 Mark

The XRP news has been all good recently. On Dec. 1, Ripple unlocked 1 billion XRP tokens, valued at $1.92 billion. This routine release aims to ensure a predictable supply of XRP, aligning with its long-term escrow plan to release 55 billion tokens—about 55% of the total supply.

Source: whale_alert

Despite these releases diluting supply, the XRP price continues to rise. November marked its best month since December 2017, with a stunning 284% surge. XRP currently trades at $2.44 at the time of writing, marking a 30% gain in the last 24 hours.

XRP Price Prediction

“XRP could reach $2.57 in [December 2024] […], which has historically shown significant growth […] in 228 days after Bitcoin halving,” said Ryan Lee, chief analyst at Bitget Research.

Adding to the bullish sentiment, data from XRPScan revealed a 10x increase in XRP wallet activations over the last three months, reflecting growing investor interest. The XRP rally is potentially driven by the ETF buzz and expectations of a favorable regulatory environment, especially after SEC Chair Gary Gensler announced his departure.

Source: XRPScan

The market cap of XRP (XRP) crossed US$100 billion over the weekend as it continued an aggressive rally that does not look like stopping anytime soon.

XRP was built by Ripple, a payment company, that aims to compete with the cross-border banking payment protocol SWIFT through products like the XRP ledger. XRP supports the permissionless payment network XRP ledger as its native token.

XRP gained fresh momentum last week, following reports that the New York Department of Financial Services had indicated to Ripple that it would be approving the company’s legally regulated stablecoin RLUSD. It is believed that Ripple

Will Dogecoin (DOGE) See a 337.5% December Rally?

Dogecoin, often dubbed the king of meme coins, could benefit from a seasonal phenomenon known as the “Santa Claus rally.” Traditionally observed in stock markets, this rally often pushes asset prices higher in the final days of December and the first days of January.

DOGE has shown impressive December performances in the past. CryptoRank data highlights a staggering 337.5% rise in December 2017 and moderate gains of 32.4% in 2020. Although last December saw a 34.7% drop, some traders anticipate a potential rebound this year, citing DOGE’s unique market dynamics and popularity.

Can Injective (INJ) Price Surge 80% More?

Injective (INJ), a decentralized exchange protocol, has been making strides with recent upgrades to its mainnet. These improvements enhance scalability and user experience, likely drawing more traders and boosting the demand for INJ tokens.

Strategic partnerships with other DeFi projects have bolstered Injective’s ecosystem, offering users more trading options. Its price action supports the bullish narrative. Since Nov. 4, when it broke above descending resistance, INJ’s price soared 80%, reaching $31. Analysts suggest this is just the beginning of a larger five-wave rally expected to unfold through December.

Source: TradingView

Can Render (RNDR) Hit $13.60 Again?

Render (RNDR) is carving its niche in the crypto market with its decentralized GPU rendering network. This platform connects digital creators with GPU power providers, streamlining rendering processes for artists and studios.

The Render Network’s growth has been phenomenal, driven by infrastructure improvements that enhance rendering speed and reduce costs. These advancements have made the platform increasingly popular among digital creators. Similar to INJ, RNDR’s price has risen sharply, climbing 116% since Nov. 4. It is currently trading around $9, with analysts eyeing a potential revisit to its yearly high of $13.60.

Source: TradingView

Analysts and technical indicators point to a potential Dogecoin Santa rally this December, as the holiday season approaches and the bullish mood in the crypto market gains steam.

As of this writing, Dogecoin DOGE/USD is trading at about $0.44, having recently gained 10.5% every two weeks and an astounding 139.0% per month. There is still a lot of possibility for growth as the token is still 40% below its peak of $0.73.

Dogecoin’s Historical Performance and Santa Rally Potential

The December performance of Dogecoin shows an intriguing pattern of volatility and promise. CryptoRank’s historical data reveals impressive December performances, such as a phenomenal 337.5% gain in 2017 and more subdued rallies of 32.4% in 2020 and 7.87% in 2018. Although December has not always been a good month—2022 saw a steep 34.7% drop—the prospect of a “Santa Claus rally” is always alluring to investors.

With a 76% historical recurrence probability, the Santa Claus rally phenomenon—typically seen in financial markets—seems especially intriguing for Dogecoin this year. With a remarkable 161.5% growth in November and a current price of $0.42, the meme coin has already shown a lot of momentum.

DOGE Whale Activity and Market Dynamics

Significant whale investor interest and robust network activity are bolstering the positive sentiment. In just two weeks, whale investors have amassed approximately 550 million DOGE, or $214.5 million, while daily active network addresses have surpassed 1.33 million.

Dogecoin Price Prediction and Technical Analysis

DOGE/USD

A number of analysts are expressing optimism over Dogecoin. Bitcoin According to Scofield, the token is gaining traction for a possible bull run that might propel DOGE to $3, a daring prediction that would necessitate a 624% increase in price from its current level.

Additionally encouraging are technical signs. The MACD averages showed a Golden Cross pattern, which Krisspax described as a bullish indication of an upward movement to $1. More ambitious goals were also predicted by another expert, Ali Martinez, with some estimates going as high as $11 or even $18 per coin.

Correlation between Bitcoin and Possible Outperformance

It’s interesting to note that some analysts, such as Ali Martinez, believe Dogecoin might surpass Bitcoin by an astounding 2,400%. The bullish flag formation on DOGE’s monthly price chart, which indicates the possibility of significant gains versus the top cryptocurrency, is the basis for this prediction.

Today’s crypto prices showcase a strong bullish trend, with Bitcoin (BTC) maintaining a trading range of $95K-$99K over the past week. XRP recorded an impressive 28% surge in the last 24 hours, while Hedera (HBAR) led the market with a 44% price jump, making it the top gainer. Kaia (KAIA) price followed closely, registering a 40% increase in its price, highlighting a wave of positive momentum across altcoins.

The global crypto market value rose over 3%, reaching $3.49 trillion, while trading volume saw a 10% boost, hitting $170 billion. The Fear and Greed Index now stands at 82, reflecting extreme greed as investors continue to show strong interest. Here’s a quick look at the top cryptocurrencies by market cap and their price movements today, December 2.

Crypto Prices Today: BTC, ETH, SOL, and XRP

Today’s crypto prices highlight XRP as the top gainer among the top 10 cryptocurrencies by market cap, with a 28% surge in the past 24 hours. Bitcoin (BTC) continues to trade within the $95K-$99K range, attempting to break the $100K resistance. Meanwhile, Ethereum (ETH) and Solana (SOL) show modest gains, reflecting a stable yet optimistic market trend.

Bitcoin Price Today

Bitcoin (BTC) price is trading at $97,500, marking a 2% jump in the last 24 hours. The 24-hour low and high are $96,253 and $98,152, respectively. BTC’s market cap is $1.93 trillion, with a trading volume of $37 billion. However, Bitcoin’s market dominance has dipped to 55.40%, reflecting a slight shift in market dynamics.

Ethereum Price Today

Ethereum (ETH) price is trading at $3,751, recording a 2% jump in the last 24 hours. Its 24-hour low and high are $3,679 and $3,761, respectively. With a market cap of $452 billion and a trading volume of $27 billion, Ethereum remains the second most-valued cryptocurrency by market cap. ETH’s market dominance currently stands at 13%.

XRP Price Today

XRP has ascended to become the third-largest cryptocurrency by market cap, surpassing Tether and Solana. It is currently trading at $2.40, reflecting a 28% jump in the last 24 hours. The 24-hour low and high are $1.85 and $2.49, respectively. At press time, XRP’s market cap stands at $137 billion, supported by significant 24-hour trading volume. XRP’s market dominance has increased to 4%, highlighting its growing influence in the crypto market.

Solana Price Today

The crypto prices today show Solana (SOL) trading at $234, down 1% in the last 24 hours. Its 24-hour low and high are $233 and $239, respectively. Solana has been fluctuating between $230 and $260 for the past 15 days. With a market cap of $111 billion, it has slipped to the 5th position among the top 10 cryptocurrencies by market cap. Its 24-hour trading volume is $3.91 billion, and its market dominance stands at 3.19%.

Meme Crypto Prices Today

The crypto prices today show strong bullish momentum in the meme coin market. Dogecoin (DOGE) price is trading at $0.45, marking an 8% increase, with a 24-hour low and high of $0.42 and $0.46, respectively. Similarly, Shiba Inu (SHIB) price is trading at $0.00003108, also reflecting positive price movement.

Other notable meme coins like PEPE, BONK, and WIF have shown gains ranging from 3% to 8% in the past 24 hours. This upward trend indicates a renewed interest in meme coins, as investors continue to explore these cryptocurrencies for potential gains.

Top Crypto Gainer Prices Today

Hedera

Hedera (HBAR) became the top gainer in the last 24 hours, with an impressive 44% increase. HBAR is currently trading at $0.24, with a 24-hour low and high of $0.16 and $0.24, respectively.

CoinGape analysts have projected a potential 192% rally for Hedera, indicating strong bullish expectations for the cryptocurrency. This projected growth reflects growing confidence in Hedera’s future performance in the market.

Kaia

Kaia (KAIA) price became the second top gainer in the past 24 hours, with a significant 40% increase. It is currently trading at $0.28, with a 24-hour low and high of $0.20 and $0.29, respectively. This strong performance highlights growing interest and potential for Kaia in the crypto market.

Top Crypto Loser Prices Today

Core

CORE price is trading at $1.57, reflecting a 12% drop in price in the last 24 hours. Its 24-hour low and high are $1.55 and $1.79, respectively, indicating some fluctuation during the period.

Ethena

Ethena (ENA) price is trading at $0.82, showing a 6% drop over the last 24 hours. Its 24-hour low and high are $0.80 and $0.87, respectively, indicating some volatility during this period.

The crypto prices today show a bearish trend in the hourly chart of Bitcoin (BTC), with a 0.52% drop in price. Major altcoins, except XRP, are also reflecting similar behavior, following BTC’s decline. This overall market trend highlights a short-term correction, even as some coins like XRP continue their upward momentum.

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.