Solana ($SOL) slowly regained its momentum, with optimistic projections noting its potential to double its all-time high of $260 by 2025. 

This bullish outlook originates from increasing institutional adoption, major partnerships like Visa’s stablecoin integration, and robust technical indicators such as a bullish flag pattern. 

On the other hand, some promising projects like PlutoChain ($PLUTO) could be worth a look in the coming weeks because of its useful features.

With its first hybrid Layer 2 solution that might expand Bitcoin’s capabilities in areas such as DeFi and more, this project could draw attention once it launches its mainnet.

Could Institutional Adoption Drive Solana Further by Year-End?

Solana ($SOL) seems poised for significant growth as analysts and whales remain optimistic about its future. Current projections from Coin Codex suggest that Solana could reach $256 by the end of 2024.

Among the most optimistic ones are projections that insinuate a doubling of Solana’s ATH!

Factors that contribute to this bullish outlook include rising institutional adoption, robust DeFi activity, and strategic partnerships like Visa’s integration of Solana for stablecoin settlements.

Technically, Solana exhibits a bullish flag pattern which signals strong buying momentum and potential for a breakout above current resistance levels. 

Its ecosystem’s scalability, capable of processing thousands of transactions per second, positions it as a key player in blockchain technology. 

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On the other hand, challenges like network congestion and market volatility persist, but ongoing advancements, including Layer-2 solutions, could address these issues and bolster investor confidence.

While some forecasts point to challenges that may limit dramatic price increases, other analysts argue that favorable market conditions could drive Solana to new all-time highs.

All in all, if Solana wants to double its price, first it must confirm $250 as a strong support level to avoid significant price corrections.

If, by any chance, Solana fails to hold $250, it could signal a reversal of its bullish trend, leading the price in a downward direction. 

PlutoChain Could Unlock Bitcoin’s Potential for Decentralized Innovation

PlutoChain ($PLUTO) could reshape Bitcoin by addressing its long-standing limitations in supporting complex applications. 

Traditionally, Bitcoin’s 10-minute block time has been a barrier to decentralized innovation, especially compared to emerging blockchains like Ethereum, Solana, and Cardano, which offer faster transactions and broader development opportunities. 

PlutoChain could bridge this gap with an innovative Layer-2 blockchain that reduces the average block time to just 2 seconds. 

This improvement may enable smart contracts to operate on Bitcoin’s secure infrastructure and pave the way for a new era of Bitcoin-based innovation.

Thanks to its hybrid Layer-2 blockchain for Bitcoin, PlutoChain could potentially support a wide range of applications, from DeFi and NFTs to AI and metaverse projects. 

Additionally, its Ethereum Virtual Machine (EVM) compatibility allows developers to migrate Ethereum-based dApps seamlessly to Bitcoin. This might combine Ethereum’s flexibility with Bitcoin’s unmatched security. 

Functionality such as this one could position PlutoChain as a unique platform that might deliver Ethereum and Solana-like applications within the Bitcoin ecosystem, possibly reducing reliance on other networks. Furthermore, PlutoChain’s features could include rapid scalability, low transaction costs, and strong security.

The project also shows its dedication to user security by passing multiple audits – SolidProof, QuillAudits, and Assure DeFi. 

Another unique feature is community governance which could empower the users to influence the protocol’s evolution in the direction they choose using a special voting system. 

This pioneering approach could position PlutoChain as a potential game-changer and draw attention from developers and whales around the world.

Solana’s journey to doubling its ATH is far from guaranteed, but the technical setup and market trends offer a promising outlook.

Meanwhile, PlutoChain could address Bitcoin’s limitations with a groundbreaking Layer-2 solution. 

This feature might enable smart contracts and applications like DeFi and NFTs, possibly bringing Ethereum-style functionality to Bitcoin. 

Not only that but its EVM compatibility and community governance might make it a project that could reshape Bitcoin’s role in the future.

Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.

The market keeps growing today, according to CoinMarketCap.

DOGE/USD

The rate of DOGE has risen by 2.63% over the last 24 hours.

On the hourly chart, the price of DOGE is on its way to the local resistance of $0.4073. If the daily bar closes near it or above, the upward move is likely to continue to the $0.41 area by tomorrow.

On the bigger time frame, the picture is less positive. The rate of the meme coin is far from the support and resistance levels. A further rise may be possible only if bulls restore the rate to the $0.4230 mark.

Related

Before it happens, sideways trading in the range of $0.3950-$0.4150 is the more likely scenario.

From the midterm point of view, none of the sides is dominating. Such a statement is also confirmed by the falling volume. All in all, traders are unlikely to expect any sharp moves by the end of the week.

DOGE is trading at $0.4061 at press time.

Cardano (ADA) has earned its spot as one of the leading blockchains and is praised for its focus on scalability and eco-friendly design. 

Many Binance analysts are optimistic about ADA breaking $2 by mid-2025, thanks to its growing ecosystem and increasing real-world use cases. 

Factors like its Hydra scaling solution and rising adoption in sectors like finance and education could play a big role in driving its value up. 

Meanwhile, PlutoChain ($PLUTO) could redefine what’s possible for Bitcoin by introducing advanced features like DeFi and NFTs, which may create a bridge to Ethereum’s functionality. 

Let’s dive deeper into what’s fueling Cardano’s price momentum below.

Can Cardano (ADA) Reach $2 by Mid-2025?

Cardano’s journey toward breaking the $2 mark by mid-2025 hinges on several exciting advancements and external factors. 

One of its most promising innovations, Hydra, aims to boost scalability by enabling faster transaction processing with lower costs. 

This could address some of the network’s bottlenecks and attract more users, particularly in decentralized finance (DeFi) and other high-demand sectors. 

Cardano’s enhanced smart contract capabilities, introduced through the Alonzo upgrade, continue to strengthen its appeal for developers looking for a reliable and efficient platform.

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ADA’s Total Value Locked (TVL) is jumping, with staking adoption playing a huge role in driving network activity. Over 70% of ADA’s supply is currently staked, which reflects strong community support and confidence in the protocol’s future. 

Partnerships also play a significant part in ADA’s growth story. 

Collaborations with governments, academic institutions, and private organizations, such as its work with the Ethiopian government to implement blockchain solutions in education, showcase the network’s real-world use cases.

Binance analyst sentiment surrounding Cardano is generally positive. Many see its innovative technology and growing ecosystem as strong indicators of future success. 

While $2 might seem like a modest goal compared to other forecasts, the network’s steady progress and unique strengths make it achievable. 

If Hydra delivers on its promise and adoption continues to rise, Cardano could be well-positioned to cross this milestone by mid-2025.

How PlutoChain Brings Ethereum-Level Innovation to Bitcoin

PlutoChain ($PLUTO) could shake up the blockchain space by potentially bringing Ethereum-level features, like DeFi, NFTs, and AI-driven applications, directly to Bitcoin’s ecosystem. 

Traditionally, Bitcoin has been limited to being a store of value with slow transaction speeds and minimal flexibility. 

PlutoChain could flip that narrative by introducing advanced functionality that allows Bitcoin to support the same kind of decentralized applications that have thrived on Ethereum.

What may be one of PlutoChain’s most important features is its compatibility with the Ethereum Virtual Machine (EVM). 

This means developers can migrate Ethereum-based applications seamlessly onto Bitcoin’s network. By doing so, PlutoChain might bridge Ethereum’s innovative strengths, like smart contracts, with Bitcoin’s unparalleled security and decentralization. 

This hybrid approach could open the door for Bitcoin to play a bigger role in decentralized finance (DeFi) and other emerging areas.

PlutoChain operates its own Layer-2 blockchain with a block time of just 2 seconds. 

This architecture dramatically lowers costs and speeds up transactions compared to Bitcoin’s 10-minute block time. 

Its testnet has already processed 43,000 daily transactions, which also showcases its scalability and readiness for real-world use.

Developers and users could benefit from faster, cheaper interactions without compromising security, thanks to the platform passing rigorous audits from SolidProof, AssureDeFi, and QuillAudits.

Community governance is another cornerstone of PlutoChain. Holders may actively shape the network’s future by voting on major decisions, which ensures a decentralized and user-driven approach to innovation. 

This governance model might help PlutoChain stay adaptable while also promoting trust in its community.

Bottom Line

Meanwhile, PlutoChain could draw attention by potentially bringing advanced functionalities like DeFi, NFTs, and AI-driven applications to Bitcoin. 

Its innovation in reducing block times and integrating Ethereum-based tools might solidify its place as a game-changer. 

Stay updated on PlutoChain’s progress by following them on Twitter, Discord, and Telegram.

———————

Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated.

It recently became known that the stablecoin Ripple USD (RLUSD) from the eponymous San Francisco crypto company has been officially launched. The stablecoin will work on two networks simultaneously — at least that is the plan now. Those two networks are Ethereum and, of course, Ripple’s “native” ledger, XRP Ledger (XRPL). All users can already officially interact with RLUSD.

On various decentralized exchanges, the price of the stablecoin initially fluctuated within a range of 20%, as Ripple USD is initially pegged to the U.S. dollar 1 to 1. However, according to XPMarket, the price of RLUSD has now settled at $1. 

Ripple CTO David Schwartz recently warned of something like this, saying that there could initially be a shortage of stablecoin supply, which could lead to an increase in the price of the coin, which should literally be stable in price. 

Interestingly, with the launch of the stablecoin, the price of XRP at one point experienced a sharp drop of more than 2.2%, dropping to $2.635 per token at one point. It is likely that this was due to users exchanging the cryptocurrency for RLUSD for testing purposes or just hype. Nevertheless, at the time of writing, the XRP rate is already recovering and turning green.

In the near future, we should expect Ripple USD to be listed on major exchanges such as Bitstamp or Mercado Bitcoin. However, services such as MoonPay are already offering stablecoin purchases via Apple Pay. A number of other off- and on-ramp services also work with RLUSD.

Related

The history of the crypto market has seen many examples of both successes and failures in the stablecoin segment. It is now predicted that this niche will exceed $2.3 trillion in the coming years. Where and how Ripple USD will fit in is an interesting question.

After last year’s market downturn, many expected Solana (SOL) to have a slower recovery, but it exceeded expectations.

It started the year at around $96 and climbed steadily to its current price of $229.77, and this is in part thanks to Solana’s network upgrades and increasing adoption in DeFi and NFTs.

But can Solana sustain this momentum and possibly reach $750 by 2025?

At the same time, there’s a new project called PlutoChain ($PLUTO) that could merge Bitcoin’s security with Ethereum’s flexibility and redefine how Bitcoin is used.

Let’s take a closer look at what’s going on. 

Can Solana Hit $750 by 2025? Breakdown of Technical Charts Reveals

The Relative Strength Index (RSI) for Solana is around 49.52, which indicates a neutral market stance. 

In terms of resistance levels, Solana faces immediate resistance near $192, with the next hurdle around $195. These levels have previously acted as barriers, and surpassing them could result in more gains. 

Significant psychological resistance is at the $200 mark, which could attract increased trading activity if breached. 

As for support levels, the first notable support is at $188, followed by a more substantial zone around $180. These levels have historically been a foundation during price corrections.

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The MACD indicator shows positive momentum, with the line above the signal line, which supports the current upward trend. Additionally, the RSI remains above the 50 level, indicating healthy buying pressure in the market.

As of December 13, 2024, Solana (SOL) is trading at approximately $226.28 per coin. Over the past 24 hours, SOL’s price has ranged between $223.70 and $234.11. 

Solana’s rapid growth is due to several factors. Its high-performance blockchain can process over 65,000 transactions per second.

Analysts have mixed but generally optimistic predictions. CoinSpeaker has suggested that Solana could see a 700% increase by 2025, and they cite its transaction speed and robust ecosystem. 

Cryptopolitan predicts that SOL might reach $444 by early 2025 due to its dominance in DeFi and NFTs.

Is PlutoChain Set to Revolutionize Bitcoin? Building dApps on the Bitcoin Network

PlutoChain ($PLUTO) is an advanced Layer-2 solution designed to potentially maximize Bitcoin’s potential by bringing smart contracts and decentralized applications (dApps) to its blockchain. 

Bitcoin’s 10-minute block time has long been a barrier to supporting complex applications. 

Other blockchains like Ethereum, Solana, and Cardano have stepped in to address these limitations by offering faster transaction speeds and more flexible development options.

PlutoChain could change this dynamic with the plan to reduce the block time to just 2 seconds via its layer-2 technology. 

Despite Bitcoin’s dominance in the market, it lacks the versatility needed for applications like DeFi and dApps. PlutoChain has the potential to change this as well, by enabling smart contract functionality on Bitcoin’s blockchain. 

PlutoChain combines advanced features with practical enhancements to potentially improve scalability, security, and developer access on Bitcoin. 

Its testnet has already processed 43,000 transactions in a single day, which demonstrates its ability to handle large-scale operations.

The network prioritizes community involvement. Early adopters vote on upgrades and proposals and form an integral part of the project’s future development.

Security is another standout feature. PlutoChain has passed independent audits from SolidProof, QuillAudits, and Assure DeFi, to make sure its platform is safe and reliable for users and developers. 

Its Ethereum Virtual Machine (EVM) compatibility could allow Ethereum-based apps to move to Bitcoin’s network. This feature could merge Ethereum’s flexibility with Bitcoin’s security, and potentially create new opportunities for DeFi, NFTs, and AI-based projects.

Solana stands out for its speed, scalability, and strong position in DeFi and NFTs. The potential to reach $750 by 2025 is there.

On the other hand, PlutoChain stands out for its approach of bridging Bitcoin’s security with Ethereum’s flexibility. 

It has the potential to change the way Bitcoin functions and potentially add some major upgrades to its network. 

This article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.

SPONSORED POST*

Dogecoin remains the largest and most popular of all crypto meme coins. While experts are divided on whether it can attain the $10 level next year, analysts are forecasting astonishing 50x returns for the up-and-coming GambleFi powerhouse Rollblock ($RBLK), which is currently racing through its early presale stages at top speed.

Dogecoin ($DOGE) Coming Soon to a Tesla Near You?

Dogecoin has taken the crypto markets by surprise recently with its rapid repricing to $0.39. Only six months ago, Dogecoin was trading far lower at around $0.12, meaning that loyal Dogecoin holders have been on the receiving end of an astonishing 224% rally in that same time frame.

Much of this pump has been attributed to top Dogecoin cheerleader Elon Musk and his persistent viral posts made on his X social media platform. Musk recently hinted that he would include Dogecoin in a forthcoming X monetization deal that could see X payments use cryptocurrencies, including Dogecoin, to pay its creators.

Musk has also dropped hints that Dogecoin might play a part in the Tesla ecosystem, with Dogecoin possibly being lined up as an accepted currency for the world’s most popular electric car manufacturer.

Many Dogecoin analysts are confident that Dogecoin will reach the fabled $1 level without too much trouble in 2025, with a bullish cohort of technical analysts predicting a further 10x from there to reach the $10 level. However high Dogecoin flies this bull run, it is certain that Dogecoin will retain its fiercely loyal holder base, who stick with this dog-themed meme token through thick and thin.

Rollblock ($RBLK) Making Strides Toward GambleFi Dominance with Blockchain Transparency

Rollblock ($RBLK) is on a mission to bring trust and transparency back to the enormous online gambling industry, which is currently valued at more than $450 billion and set to grow by up to 10% a year until 2034. 

As Rollblock is fully crypto-native, all bets can be fully verified on-chain, meaning that gamers now have the upper hand and no longer have to put up with shady manipulation from the house.

$RBLK holders are extremely committed and expected to benefit the most from Rollblock’s forthcoming success. This is thanks to the Rollblock revenue share scheme that will take a significant portion of Rollblock profits each week and use them to buy up $RBLK on the open market. 60% of these buys will be immediately destroyed to reduce the overhanging supply, while the remaining 40% will wind up back in the hands of community members through a generous staking rewards program.

The coming supply squeeze will undoubtedly shake the crypto world and multiply the $RBLK token price exponentially from its current level of $0.0415. Investors can expect to see $RBLK make its way rapidly up the crypto rankings toward top 10 status in the months ahead.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino 

*This article was paid for. Cryptonomist did not write the article or test the platform.

CryptoInsightUK, a crypto market educator, presents his XRP price prediction by Christmas, suggesting a bullish uptick.

The market analyst revealed this in a recent disclosure after seeking community opinions on XRP price outlook. CryptoInsightUK set up a poll on X, asking community members to vote on what they believe XRP price could be this Christmas, Dec. 25.

For context, XRP currently changes hands at $2.51, having increased 0.64% this morning. The altcoin is currently building on a gradual bullish momentum that began on Dec. 15, up 4.21% since then as it battles to transcend the $2.4 psychological mark.

Community Opinions 

Amid this battle, CryptoInsightUK asked community members to choose if XRP price will collapse below $2 by Christmas day, trade between $2 and $3.30, or change hands at a range of $3.30 and $5. The market analyst also highlighted an option of a price above $5 by Dec. 25. 

Interestingly, of the 2,033 respondents, most of them, about 36%, revealed that they believe XRP is likely to trade within a range of $2 and $3.30 by Christmas day. Further, 30% of the participants expect XRP to trade between $3.30 and $5. Meanwhile, 26% see the altcoin changing hands above $5.

It bears mentioning that these options are all bullish, suggesting XRP could either hold above the $2 price mark by Christmas day or trade above it. Essentially, 92% of the respondents are bullish on XRP. However, only 8% believe the altcoin could slip below $2 by Christmas day.

Analyst Predicts XRP Price by Christmas

Following the poll, CryptoInsightUK disclosed his own target for XRP, predicting that the asset could rally to a new ATH of $5 between now and the new year. However, he expects XRP to transcend this level as the new year progresses, projecting an upward surge to a double-digit price from January to March 2025.

$XRP

People asking my thoughts on this.

I think $5 ish between now and new year.

Then Jan – March double digits 👍🏼

Could be wrong but they’re my thoughts. https://t.co/xvJYtlCQhc

— Cryptoinsightuk (@Cryptoinsightuk) December 16, 2024

CryptoInsightUK then sought the opinion of fellow market analyst BobbyA, who is also bullish on XRP’s price outlook. BobbyA noted that he believes XRP price could trade between $4.5 and $5.25 by Christmas day. 

However, he suggested that XRP could face a major selloff after this top but failed to provide insights on the possible support level. Nonetheless, BobbyA sees a rebound to a range of $8 to $13, and then a run toward the $20s after another exhaustive wick.

It bears mentioning that, in a previous analysis, CryptoInsightUK predicted a possible XRP price surge to $8 by Christmas day. As a result, the recent $5 target has triggered questions from investors. The analyst confirmed that the $8 target remains valid but noted that the $5 price is his base case outlook for XRP.

Other market observers have also projected an XRP price rally to $5. For instance, Vincent Van Code expects XRP to reach this level, but believes this target would only materialize in February 2025, not this year. 

Currently, XRP trades for $2.51, up 4.75% over the last 24 hours. The asset would need to soar 99% to claim the $5 price. It bears mentioning that last Christmas, on Dec. 25, 2023, XRP changed hands at the $0.60 level.

The Months of November and December have been a good one for crypto assets.

November witnessed one of the biggest surges in the crypto market in a while following Donald Trump’s election win.

Bitcoin surpassed its all-time high hitting 103,679 USDT.

Altcoins like Solana, XRP, and Tron also reacted to the Bull run.

XRP flipped Tether to become the third-largest crypto asset by market capitalization. Tron surpassed a 7-year all-time high and Solana surged from 205 USDT on Nov 13 to a new all-time high of 263 USDT on Nov 23.

The November Bull run has cooled off a bit on the side of most of the Altcoins especially Solana which is down 6.8% in the last 7 days and down 4.5% on a two-week scale.

Solana’s surge could be attributed to the versatility of its blockchain. The Solana blockchain is known to be one of the busiest blockchain in the industry. Memecoins generation, Telegram-powered Web 3 games, and other projects saturate the blockchain making it an important pillar of the industry.

Solana Price prediction: Can the token hit 1700 USDT?

At the time of this report, Solana is exchanging hands for $220 16.1% down from its all-time high.

• Despite this retracement, bullish predictions for Solana have remained strong with various experts speculating on its future price trajectory.
• CoinCodex Analysts predict Solana could hit as high as $505 by August next year. This target is not far-fetched given that SOL has nearly tripled in over a year.
• Going by this surge range, the 5th largest crypto asset could go as high as $1405 in the coming years.

Analysts at Benzinga predict this target could take as far as 2031 to materialize.

Price Analysis 

Solana is currently exchanging hands for $220 surging by 0.6% in the past 24 hours. The crypto asset is 16.1% down from its all-time high of $263.

Solana has been one of the busiest blockchains this year hosting a series of Tap to Earn crypto projects powered by Telegram.

SOL has also become the default crypto asset for memecoin trading in addition to its existing utility. These factors drive up the demand for Sol adding to its real-world use.

What to Know  

• Solana is the fifth-largest crypto asset in the industry by market capitalization and has been predicted in the past to one-day flip the Ethereum market cap.
• It is also one of the fastest blockchains with the capacity to process thousands of transactions in seconds.

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• Bitcoin price reaches a new all-time high of $106,648 on Monday but retreats afterward.
• The US Federal Reserve is widely expected to cut interest rates on Wednesday, but the outlook for 2025 is uncertain.
• US Bitcoin Spot ETFs recorded a total inflow of $2.17 billion last week, in a sign of continued strong demand.
• Technical indicators show signs of early bearish divergence in RSI and AO, suggesting weakness in bullish momentum.

Bitcoin (BTC) price retreats on Monday after reaching a new all-time high (ATH) of $106,648 in the early Asian session. The main factor impacting BTC price this week is likely to be the decision of the US Federal Reserve (Fed) on interest rates on Wednesday. The US central bank is expected to slash rates (a positive for risk assets such as BTC) but also signal fewer-than-previously-anticipated cuts for 2025.

The recent rally to a new ATH has been supported by continued strong inflows to the US Bitcoin Spot Exchange Traded Funds (EFTs) of $2.17 billion last week. Still, traders should remain cautious as technical indicators such as the Relative Strength Index (RSI) and Awesome Oscillator (AO) show early bearish divergence, suggesting that bullish momentum is weakening.

Bitcoin reaches all-time high of $106,600 ahead of Fed decision

Bitcoin price reached a new all-time high of $106,648 at the start of this week on Monday after rallying 3.2% the previous week. A further rise in Bitcoin price could be fueled by the upcoming decision of the Fed on interest rates on Wednesday. 

According to the CME’s Fed watch tool, which tracks the probabilities of changes to the Fed rate as implied by Fed Funds future prices, there is a 97.1% likelihood of a 25 basis point cut, while the remaining 2.9% points for the rate to remain stable. 

Target Rate Probabilities chart. Source: CME Fed watch tool

An interest-rate cut tends to favor risky assets like Bitcoin because lower rates tend to stimulate the economy. However, markets’ reaction to Wednesday’s Fed decision isn’t likely to be driven by the rate decision itself (unless there was a huge surprise) but rather the Fed projections about how interest rates will head in 2025.

If these projections reflect slower or fewer rate cuts next year, Treasury yields and the US Dollar will likely be stronger, making it harder for risk assets, including BTC, to be more attractive to investors.

ETFs provide continued support

Looking into Bitcoin’s institutional flows, these remained strong last week. According to Coinglass, Bitcoin Spot ETF data recorded a total net inflow of $2.17 billion last week. Bitcoin could rally further in the coming days if this inflow trend persists or accelerates.

Total Bitcoin Spot ETF Net Inflow chart. Source: Coinglass

According to Santiment’s data, since the start of the bull rally on October 10, the wallets holding at least 100 BTC have increased almost 10% from 16,062 to 17,644 in 9 weeks. This rise in BTC wallets shows investors’ confidence and contributed heavily to its current rise.

Wallets holding at least 100 BTC chart. Source: Santiment

In an exclusive interview, Darius Sit, Founder & Chief Investment Officer of QCP Singapore’s digital assets firm, told FXStreet that he has never been more bullish on Bitcoin. Darius explained that his bullish outlook was mainly because of the liquidity rush into Bitcoin.

“This year, crypto or bitcoin is being brought into traditional markets, infrastructure, and traditional market liquidity,” Darius said to FxStreet. 

“I think now it’s starting to impact debt financing; equity financing is starting to impact how everything from individuals to corporates to countries think about their future and how they think about, you know, raising money, how they think about their treasuries,” Darius explain 

Darius said the signs the traders should watch for are “One possibly volatile possible downside from deleveraging but at the same time increasing influence and increasing impact that it’s having with real institutions, quasi-sovereigns and sovereigns having it on their balance sheet.”

Despite Bitcoin reaching new highs, traders should be cautious as CryptoQuant data shows that the Estimated Leverage Ratio (ELR) reached annual highs, indicating a chance of a correction is likely due to leverage overheating.

Bitcoin Estimated Leverage Ratio chart. Source: Santiment

Bitcoin Price Forecast: Rise towards $119K or pullback to $90K?

Bitcoin price reaches a new all-time high (ATH) of $106,648 in the early Asian trading session but retraces to around $103,600 during the Europen session on Monday.

Despite reaching new highs, traders should remain cautious as the chances of a pullback are likely high, as shown by the momentum indicators. The Relative Strength Index (RSI) and the Awesome Oscillator (AO) indicators on the daily chart show signs of an early bearish divergence, where the higher high in the prices are not reflected in higher highs in RSI and AO, indicating signs of weakness in bullish momentum. 

If BTC faces a pullback and closes below $100,000, it could extend the decline to retest its $90,000 support level.

BTC/USDT daily chart

However, if  BTC continues its upward momentum, it could extend the rally to test a new ATH of $119,510. This level aligns with the 141.4% Fibonacci extension line drawn from the November 4 low of $66,835 to the December 5 high of $104,088.

A recent Dogecoin price forecast by a Bank of America Manager highlights moderate gains for DOGE in the near term, signaling steady progress in its chart. However, the real excitement centers on WallitIQ (WLTQ), where the Bank of America Manager projects an over 45,000% surge within 2 weeks. With such bold predictions and an incredibly affordable presale price, WallitIQ (WLTQ) is undoubtedly the must-watch token poised for an imminent spike.

Bank Of America Manager Predicts WallitIQ Presale To Soar 45,000% In 2 Weeks

The Dogecoin price forecast may be drawing attention, but according to a Bank of America Manager, its gains will be modest in comparison to WallitIQ (WLTQ). While the Dogecoin price sees incremental growth, the Bank of America Managers believe WallitIQ (WLTQ) is on the verge of a staggering 45,000% surge, and this is investors’ chance to get in early.

At a discounted $0.0243 per token, this is a once-in-a-lifetime opportunity. With millions of WLTQ tokens already sold and the presale raising over $2.41 million, momentum is accelerating, and time is running out. Asthe WLTQ presale nears its current stage end, prices are about to rise, so act fast to not miss out on the massive ROI slated for 2 weeks. The Bank of America Manager’s forecast is crystal clear: If investors want to possibly gain 45,000% in 2 weeks, they need to act now.

The Bank of America Manager also highlights WallitIQ’s (WLTQ) wallet commitment to top-tier security. While many competitors overlook security, WallitIQ (WLTQ) is ahead of the curve, offering biometric authentication, fraud detection, and a wallet that puts investors’ privacy first. It’s no wonder WallitIQ (WLTQ) wallet has passed an audit by SolidProof, further solidifying its reputation for trust and security.

Early WallitIQ (WLTQ) adopters will profit from massive gains and enjoy features like Scan & QR, real-time tracking, and automated transactions. As the WallitIQ (WLTQ) presale token gains listing on CoinMarketCap, the excitement around WLTQ continues to expand. Don’t let this moment pass by; buy into WallitIQ’s (WLTQ) presale before prices rise, and join the wave of savvy investors capitalizing on the 45,000% gain predictions.

Dogecoin Faces Roadblocks As Bank Of America Manager Anticipates Limited Price Growth

The Dogecoin price has faced bearish pressure as it struggles to break through resistance levels. Currently trading at around $0.417, it has dropped 6% over the past week despite a 17% increase in the last 30 days. A Bank of America Manager predicts only moderate gains for the Dogecoin price in the near term, adding to the skepticism surrounding its ability to break past key levels. 

While there’s hope for a push beyond $0.4 and toward $0.5, recent data shows a 3% decline in the Dogecoin price within the last 24 hours. With the Dogecoin price struggling to gain momentum, questions about its ability to break resistance and maintain its bullish trend are growing. Investors are watching closely, and with the Bank of America Manager predicting only modest gains, the outlook for the Dogecoin price remains uncertain.

Conclusion

A bold prediction from a Bank of America Manager suggests modest gains for Dogecoin, while WallitIQ (WLTQ) is projected to skyrocket by 45,000% within two weeks. Crypto investors are drawn to WallitIQ’s (WLTQ) ability to deliver security and simplicity, an essential combination in today’s volatile crypto market. Investors should act quickly, as the WLTQ price will jump significantly after this presale phase, setting the stage for the next pricing tier. 

Crypto Bulls and enthusiasts are buying into WallitIQ’s (WLTQ) vision of a user-friendly wallet. It also offers 24/7 customer support to guarantee a smooth user experience. Added benefits like 180% APY, staking rewards, and discounts improve its appeal, making it a top solution for those seeking functionality and profitability.

With over $2.4 million raised and tokens selling out rapidly, WallitIQ (WLTQ) is emerging as the must-buy crypto presale of the year. By locking in tokens at its low price of $0.0243, investors are positioned for 45,000% gains in 2 weeks and another 400% surge upon launch before exchange listings. 

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community