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14 12, 2024

XRP Price Prediction: Rally To $27 Possible?

By |2024-12-14T20:36:59+02:00December 14, 2024|Crypto News, News|0 Comments

Ripple’s XRP could achieve $6 by the end of December 2024 and $27 in January 2025 as stated in the EGRAG’s Bifrost Bridge analysis. This prediction is based on Fibonacci retracement levels and historical price behavior similar to that which we witnessed in the year 2017 for XRP.

XRP has risen by 26% in December so far and was on the rise by 283% in November. According to EGRAG’s analysis, the next important area is the “gold region” between $4.3 and $6.4.

The analysis also suggests that XRP could surge by 1,330% in January 2025 to trade between $13.7 and $27.3.

Whale Accumulations Boost Confidence in XRP Rally

Moreover, large XRP investors, or whales, have recently purchased 100 million XRP tokens. This is another positive sign for future price increases.

This accumulation was done at a slight price pull back and as at the time of writing the price of XRP was $2.48

XRP Price Prediction: Rally To  Possible?
Source: XRP

Whale activity is considered as a sign of market sentiment especially when it coincides with the technical analysis.

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These acquisitions imply that there is a rising demand for XRP thus strengthening the bullish price prediction.

Additionally, the launch of the RLUSD stablecoin by Ripple Labs, green-lit by the New York Department of Financial Services (NYDFS), could greatly benefit XRP’s liquidity.

This development therefore prepares the XRP environment for expansion and utilization in cross border transactions.

The RLUSD stablecoin will help in simplifying the transactions, a crucial aspect of XRP’s overall usage.

According to analysts, this increased liquidity may cause price actions towards the predicted milestones.

Market Dynamics Align with Predictions

Ripple’s (XRP) performance in the last market cycle in 2017 seems to support this view.

According to EGRAG, in 2017, XRP rose by 1,330% within months. The same performance is expected to be repeated in the present situation.

The overall market cap of cryptocurrencies has risen from $60 billion in 2017 to $3.7 trillion today. This is favorable from a macroeconomic perspective.

Using past growth multiples on XRP’s present market capitalization indicates further room for gains.

It is estimated that in order to reach $6 and $27, XRP would have to capture 9% to 18% of the total market capitalization depending on the market conditions.

Similarly, crypto analyst Dark Defender believes that XRP price may rise to $5 once it breaks through $2.52 due to the conclusion of an ABC corrective wave pattern.

He expects this to be the catalyst for a move to $5.85 and then $18.22 by mid-2025. Another analyst at CasiTrades predicts that XRP will rise to $3.46 in the next move upwards.

Source: X

In addition, Charles Hoskinson explained that XRP can be useful in boosting the Cardano ecosystem in one way or another.

Interviews with Ripple’s management showed that XRP can be included into the Midnight sidechain as the third token alongside NIGHT and DUST to enhance the transaction possibilities

Hoskinson also explained that XRP could be more efficient than ADA for the Marlowe platform for decentralised smart contracts.

This opens the door for the future partnership between Cardano and Ripple.

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14 12, 2024

XRP Price Prediction for December 14

By |2024-12-14T18:35:55+02:00December 14, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Sellers have become more active today, according to CoinStats.

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XRP chart by CoinStats

XRP/USD

The price of XRP has fallen by 0.1% since yesterday.

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Image by TradingView

On the hourly chart, the rate of XRP is near the local support of $2.3648. If a breakout happens, the correction is likely to continue to the $2.35 area and below.

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Image by TradingView

On the bigger time frame, the price of XRP is in the middle of the wide channel. The volume has declined, which means neither side is ready for a sharp move.

Related

Ethereum (ETH) Price Prediction for December 13

All in all, sideways trading in the zone of $2.30-$2.50 is the more likely scenario.

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Image by TradingView

From the midterm point of view, traders should focus on the weekly bar closure in terms of the $2.1743 level. If it happens far from it, bulls may seize the initiative again.

XRP is trading at $2.4064 at press time.

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14 12, 2024

DOGE Price Prediction for December 14

By |2024-12-14T16:34:58+02:00December 14, 2024|Crypto News, News|0 Comments

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bears have sized the initiative at the beginning of the weekend, according to CoinMarketCap.

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Top coins by CoinMarketCap

DOGE/USD

The rate of DOGE has declined by 1.34% over the last 24 hours.

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Image by TradingView

The price of DOGE might have set a local support level of $0.3934. As most of the ATR has been passed, any sharp moves are unlikely to happen by the end of the day.

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Image by TradingView

On the bigger time frame, the rate of the meme coin is far from the support and resistance levels.

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Bitcoin (BTC) Price Prediction for December 13

However, if the candle closes near its low, the decline may continue to the $0.38 zone soon.

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Image by TradingView

From the midterm point of view, one should pay attention to the weekly candle closure in terms of the $0.3650 level. If it happens near it, the accumulated energy might be enough for a breakout, followed by a test of the $0.35 zone.

DOGE is trading at $0.3983 at press time.

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14 12, 2024

XRP Price on Verge of Major Milestone, Is $3 Imminent?

By |2024-12-14T14:34:04+02:00December 14, 2024|Crypto News, News|0 Comments

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The digital currency ecosystem is in recovery mode, with the XRP price in the spotlight. Over the past 24 hours, the Ripple Labs-associated coin has jumped by 5.99% to $2.46. With this uptick, the coin remains one of the top 10 assets with immense prospects to reclaim key resistance levels.

XRP to reclaim $3 price level?

The price of XRP has both impressed and suffered a blow over the past month. From a low of $0.7726, the coin jumped as high as $2.86, short of the historic $3 resistance. With the coin entering a consolidation phase over the past few weeks, the coin is pushing for a major breakout.

Related

99,999,980 XRP at Go: What's Going On?

Recently, the XRP price has retested and survived new price lows, establishing a solid support wall around the $2 price mark. Amid the uncertainty in the broader market, XRP has recorded some intense sell-off attempts as the market battled intense liquidations on at least two occasions over the past three weeks.

However, XRP has stayed resilient, with core on-chain metrics staying bullish. As of writing, the XRP trading volume is up 9.33%, with over $10 billion coins traded in 24 hours. With the coin’s rebound potential, chances of finally retesting the $3 horizon remain visible.

Bullish fundamentals to watch

Amid the expectations of a change in regulations in the United States, many asset managers have filed applications for a spot XRP ETF. If approved, the XRP ETF product will open XRP to more investors under regulated conditions.

Related

XRP Goes Live on Yet Another Exchange

Just as this product triggered an intense capital influx into Bitcoin and Ethereum, it may do the same for XRP. It could boost the coin’s price in the long term.

Meanwhile, Ripple Labs Inc. has also secured approval to launch the RLUSD stablecoin from the New York Department of Financial Services (NYDFS). This stablecoin is poised to boost the liquidity of XRP, a development that can also boost the coin’s price.

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14 12, 2024

Latest Solana Price Prediction Points to $1,100 in This Bull Run

By |2024-12-14T12:33:02+02:00December 14, 2024|Crypto News, News|0 Comments

Solana just surged past $220 – but is Bitcoin’s rally the only factor behind this momentum?

Behind this momentum is also Solana’s advanced technology, which combines fast transactions with low costs and is a huge competitor to Ethereum right now.

Meanwhile, there’s a new Layer-2 solution, PlutoChain ($PLUTO), which could introduce features like seamless interoperability between Bitcoin and Ethereum and potentially change how these blockchains work together.

Let’s take a closer look at all the details.

Can Solana Break $1,100 in This Bull Run? Here’s What Media Outlets Are Discussing

One big reason for Solana’s recent success is its technology. The network is known for its lightning-fast transaction speeds and super-low fees, which set it apart from many other blockchain platforms.

It can handle up to 65,000 transactions per second for a fraction of a cent, and this efficiency is what has made it a favorite for decentralized apps, DeFi projects, and NFT platforms.

The ecosystem has also grown at an impressive rate. The network launches new projects almost daily and the total value locked in Solana-based DeFi platforms continues to steadily climb.

Another factor is institutional investment. Companies like Bitwise Asset Management are already exploring Solana-focused ETFs, which could bring even more capital into the market.

As of December 14, 2024, Solana (SOL) is trading at approximately $224.

WalletInvestor forecasts SOL’s price to range between $221.10 and $255.42 by the end of 2024, with an average trading price of around $238.80. They cite potential technical challenges and competition as reasons for their conservative outlook.

Additionally, the Long Forecast projects that SOL could reach $213 by December 2024, with a potential increase to $992 by April 2026.

But nothing is guaranteed. The market is unpredictable and a sudden downturn could stall Solana’s momentum.

On top of that, Solana faces stiff competition from other blockchains like Ethereum and Cardano. Ethereum’s ongoing upgrades, like ETH 2.0, might make it a more interesting option for developers.

PlutoChain ($PLUTO) Is a Hybrid Layer-2 Solution That Could Bridge Bitcoin and Ethereum with Smart Contracts

PlutoChain ($PLUTO) is a hybrid Layer-2 solution that could improve blockchain networks by potentially linking Bitcoin and Ethereum.

This connection could expand blockchain capabilities and make them faster, cheaper, and more efficient for users.

PlutoChain uses L2 systems like sidechains and blockchain rollups to process transactions away from the main blockchain.

This approach could reduce the load on Bitcoin’s network, speed up transactions, and lower costs.

With reduced fees, PlutoChain could attract developers and early adopters, especially during times when networks like Ethereum face high demand and fee spikes.

Latest Solana Price Prediction Points to ,100 in This Bull Run

PlutoChain has the potential to address key blockchain challenges – it may be able to handle more transactions at once, reduce delays, and lower costs by moving activity to secondary layers.

For early adopters, this could mean quicker transactions at a lower price. The platform also supports interoperability and could let developers create apps that work across multiple blockchains without compatibility issues.

One of PlutoChain’s features is its potential support for Ethereum-based applications. Developers may be able to create apps for Ethereum while potentially benefiting from Bitcoin’s security features.

This could give Bitcoin a stronger presence in decentralized finance (DeFi), an area where it hasn’t been that present.

Another key thing about PlutoChain is its focus on security. The platform has passed audits from firms like SolidProof and Assure DeFi.

PlutoChain

Final Thoughts

There’s a possibility for Solana (SOL) to continue to climb, but reaching $1,100 during this bull run is still uncertain.

At the same time, projects like PlutoChain ($PLUTO) could get attention for their potential to address critical challenges in blockchain, such as high transaction costs and limited interoperability.

This project could become a key tool for developers and users who look for more efficient and connected solutions.

Visit the links below to learn more about PlutoChain and its unique features:

Official Website: https://plutochain.io
X/Twitter Page: https://x.com/plutochain/ 
Telegram Channel: https://t.me/PlutoChainAnnouncements/ 

This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.


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.

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14 12, 2024

Solana Price Prediction Hints at 800% Growth — What Are Whales Buying?

By |2024-12-14T10:31:58+02:00December 14, 2024|Crypto News, News|0 Comments

Solana’s recent rally has sparked excitement for this well-established token, which continues to gain attention due to its growing utility and presence.

In September, the annual Solana Breakpoint event showcased the network’s yearly progress in innovation, new features, and scalability – reminding everyone of SOL’s strong foothold in the blockchain industry.

With these advancements, it’s no surprise that Solana reached a new all-time high during November’s bull run, sparking discussions among enthusiasts about its future potential.

However, Solana isn’t the only project that’s making headlines for its utility. 

The new PlutoChain ($PLUTO) might potentially address Bitcoin’s long-standing issues and expand its use cases through its hybrid Layer-2 blockchain – an innovation that could be worth a look.

Let’s dive in.

Solana’s Widespread Utility and Adoption Is a Key Factor For Its Long-Term Growth – Bullish Predictions For The Upcoming Year

As of December 9th, Solana is trading around the $232 price point, reflecting an 11% decrease from its recent record value.

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Earlier this year, Solana partnered with PayPal, making it the official stablecoin for the company.

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This collaboration hints at a broader acceptance and integration of blockchain technology into everyday financial transactions – potentially accelerating the mainstream adoption of Solana’s ecosystem.

Looking ahead, the 2025 release of Firedancer, Solana’s new validator client, is expected to have a significant positive impact on its price.

A live demo of Firedancer showcased its ability to process an incredible 1 million transactions per second across 100 nodes – positioning Solana’s network as a competitor to traditional financial systems in terms of speed.

With these advancements, analysts at Coincheckup predict that SOL could reach an impressive $722 by Q2 2025.

They cite its strong ecosystem growth, increasing adoption in DeFi, gaming, and NFTs, and the upcoming Firedancer launch as critical drivers for this substantial price increase.

On the other hand, experts at CoinPedia provide a more cautious forecast, estimating Solana’s price could reach $579 by the end of 2024.

Their prediction highlights Solana’s steady adoption and the growing interest from institutional partners, which they believe will fuel moderate but consistent growth.

Either way, with these innovations in place, Solana’s current rise may only be the beginning of what’s to come.

PlutoChain ($PLUTO) Could Drive Bitcoin’s Evolution with Enhanced Utility and Faster Network Adoption

PlutoChain ($PLUTO) offers what could be a groundbreaking innovation for Bitcoin, addressing its limited presence in the DeFi sector.

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Despite its immense popularity, Bitcoin has struggled to expand beyond its role as a transactional asset, holding only 2.74% of the DeFi market.

In comparison, Ethereum dominates the space with nearly 60%, driven by a steady stream of emerging projects that continually solidify its numbers.

PlutoChain has the potential to change this dynamic. Its hybrid Layer-2 network could enable developers to create and deploy their own projects on Bitcoin’s network through smart contract integration.

This feature might lead to a surge in applications like DeFi, NFTs, AI, and more – all thriving on Bitcoin’s previously underutilized infrastructure.

As a layered blockchain built on top of Bitcoin’s mainnet, this project could bring significant advantages, including faster transaction speeds and drastically lower costs – which might improve the chances for wider mainstream adoption.

Additionally, this project also features Ethereum Virtual Machine (EVM) compatibility, meaning that all Ethereum-based projects could be easily transferred to Bitcoin’s network.

These enhancements may be pivotal for Bitcoin’s evolution, potentially creating new opportunities, and expanding its utility beyond its traditional role.

PlutoChain Decentralized Governance Model

This project takes an innovative approach by giving its community complete control over its development and direction.

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Unlike traditional projects that rely on centralized decision-making, this model enables users to actively shape its future – from proposing new ideas to voting on critical decisions, the community is at the heart of every step.

What further sets this project apart is its commitment to security. Rigorous audits conducted by SolidProof and Assure DeFi have validated its systems, ensuring a safe platform free from vulnerabilities.

This combination of decentralized governance and enhanced security creates a trusted environment where users can confidently participate. 

By combining community involvement and protection, it could set new standards for other upcoming projects.

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Conclusion

The evolution of blockchain technology has become a defining factor in the success or failure of modern projects. As the industry continues to grow, the ability to adapt, innovate, and address real-world challenges is what sets standout platforms apart.

The integration of utility-driven features, such as smart contracts, scalability enhancements, and cross-chain compatibility, has proven to be crucial in shaping the future of decentralized systems.

Projects like PlutoChain ($PLUTO) could potentially offer solutions that address Bitcoin’s longstanding limitations while expanding its possibilities.

By implementing a hybrid Layer-2 blockchain, this project could be the missing piece to Bitcoin’s wider adoption beyond its current transactional role.

———————

Visit the links below to learn more about PlutoChain and its unique features:

Official Website: https://plutochain.io

X/Twitter Page: https://x.com/plutochain/ 

Telegram Channel: https://t.me/PlutoChainAnnouncements/ 

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.



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14 12, 2024

Cardano Price Prediction Suggests 150% Growth

By |2024-12-14T08:30:54+02:00December 14, 2024|Crypto News, News|0 Comments

Over the past year, ADA’s price movements weren’t exactly stable. The asset has seen sharp spikes and drops.

Despite the instability, crypto analyst Ali Martinez believes that ADA could reach $4 by 2025. 

Cardano has a few things going for it – ongoing tech upgrades, key partnerships, collaborations with governments, and institutional adoption. 

At the same time, there’s a new project called PlutoChain ($PLUTO) that could bring big changes to how Bitcoin operates in the DeFi sector.

But first, let’s take a closer look at ADA’s journey. 

Cardano (ADA) Technical Analysis: Is a 150% Growth Possible?

ADA’s trajectory has been promising and volatile. In November 2024, the coin experienced a 216% surge, after which its price quickly tumbled to $0.91. This became its most significant daily loss since September 2021. 

There are various technical indicators with insights into Cardano’s current market position. 

The Relative Strength Index (RSI) stands at 38.426 — below the neutral 50 mark, which typically means momentum is bearish. 

The Moving Average Convergence Divergence (MACD) is at -0.027, a negative value that often points to downward trends. 

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Meanwhile, the Stochastic Oscillator, with a %K value of 77.474, suggests that ADA is getting closer to overbought conditions, which potentially indicates an upcoming price correction.

As for resistance levels, immediate support is observed at $1.120 and $1.080, which could act as cushions against further declines. 

On the other hand, ADA faces resistance at $1.20 and $1.24, with a bearish trend line forming around the $1.20 mark on the hourly chart. To sustain upward movement, ADA will have to overcome these barriers.

A big factor is how the broader crypto market moves, and Bitcoin, as the dominant cryptocurrency, often sets the tone. When Bitcoin dipped below $100,000 recently, the effects of it were felt across the market, including ADA. 

As of December 11, 2024, Cardano (ADA) is trading at approximately $1.02, which reflects a slight decrease from the previous close. 

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Now, let’s talk about predictions. Analyst Ali Martinez has drawn comparisons between ADA’s recent performance and its patterns from 2020. He suggests that if history repeats itself, we could see ADA climb to anywhere between $4 and $6. 

For Martinez, even a dip to $0.76 wouldn’t be a concern since he’s already looking to accumulate more. 

On the flip side, CoinCodex predicted ADA could rise to $1.19 by early 2025. 

Looking at the bigger picture, predictions from sites like Analytics Insight and BeInCrypto estimate ADA could land between $2.24 and $2.42 by 2025. 

Could PlutoChain Unlock Bitcoin’s Next Evolution? A New Era for dApps on Bitcoin

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PlutoChain ($PLUTO) is a new Layer-2 solution that aims to transform Bitcoin’s capabilities by introducing smart contracts and decentralized applications (dApps).

For years, Bitcoin’s 10-minute block time has made it unsuitable for handling complex applications. 

This limitation allowed platforms like Ethereum, Solana, and Cardano to step in with faster transaction speeds and broader development options. 

However, this may change with PlutoChain’s block time of just 2 seconds. This potential change may finally allow developers to create more complex dApps, and not lose any of Bitcoin’s respected security.

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PlutoChain combines advanced technology with practical solutions to possibly enhance scalability, security, and flexibility on Bitcoin. 

Its testnet has already processed more than 43,000 transactions daily, which shows the network is ready for real-world use.

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The platform is big on community governance. It gives token holders the opportunity to vote on the project’s future direction.

Another important feature of the project is Ethereum Virtual Machine (EVM) compatibility. This could enable developers to move Ethereum-based applications onto Bitcoin.

It opens the door to new opportunities for decentralized finance (DeFi), non-fungible tokens (NFTs), and even AI-powered tools.

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All of these functionalities would be useless if developers couldn’t trust PlutoChain’s infrastructure. To avoid any suspicion, the project passed three separate audits from SolidProof, QuillAudits, and Assure DeFi.

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Wrapping Up – Can PlutoChain Bring BTC to DeFi?

Even though BTC isn’t primarily looked at as a suitable network for building advanced DeFi applications, that may well soon change.

With a 2-second block time, robust security, and 43,000 daily transactions in their testnet, PlutoChain might be the solution to Bitcoin’s headaches.

Thanks to these advancements, this project could create a significant buzz after its mainnet launch.

———————

Visit the links below to learn more about PlutoChain and its unique features:

Official Website: https://plutochain.io

X/Twitter Page: https://x.com/plutochain/ 

Telegram Channel: https://t.me/PlutoChainAnnouncements/ 

The information in this article does not represent financial or investment advice. Always research carefully before participating in the crypto market. Risks are inherent in forward-looking statements, which may not be revised.



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14 12, 2024

Bullish reversal expected if $230 resistance caves

By |2024-12-14T06:29:50+02:00December 14, 2024|Crypto News, News|0 Comments

  • Solana price fell 4% in 48 hours to hit $225 on Friday, decoupling from the broader altcoin market resurgence.  
  • The $3 billion SOL market cap decline coincided with Trump-backed WLFI’s latest crypto acquisitions, drawing investor attention toward the Ethereum ecosystem. 
  • Average balance in buying addresses increased from 383 SOL to 1,096 SOL, signalling a 186% rise in Solana whale demand over the last three days.

Solana price fell 4% in 48 hours to hit $225 on Friday, decoupling from the broader altcoin market resurgence. While Trump-backed WLFI’s latest crypto acquisitions drew retail mass market attention toward the Ethereum ecosystem, on-chain data shows Solana whales increasingly buying the dip. 

Solana price tumbles 4% as traders shift focus to ETH, LINK, AAVE amid Trump’s latest buys 

Following a lagging start to the week, steeper inflation on the US CPI report triggered a crypto market rebound on Wednesday.

However, while the likes of Bitcoin, Ethereum and XRP rebound above key psychological support, Solana, the fourth largest crypto asset, has struggled for traction. 

Recent market reports suggest recent purchases made by World Liberty Financial (WLFI), a crypto firm backed by US President-elect Donald Trump, momentarily drew investor attention toward the Ethereum ecosystem, while Solana lost nearly $3 billion in market capitalization.  

Solana price action vs TOTAL3 (Total Altcoin Market Capitalization)

On December 11, WLFI acquired millions worth of ETH, Chainlink and AAVE, which saw all three Ethereum-hosted assets enter double-digit gains within the last 48 hours.

Meanwhile, the chart above shows that while the global altcoin market rose 10%, Solana price tumbled 4.6% on Wednesday to hit the $224 level at press time on Friday. 

This validates the stance that Trump’s indirect endorsement of the Ethereum ecosystem may have influenced the retail mass market to shift capital away from Solana, arguably its biggest rival Layer-1 chain.  

Whale demand spikes 186% amid SOL price dip

The 4.6% SOL price dip over the last 48 hours has seen it decouple from the broader altcoin market rebound.

However, vital on-chain metrics show Solana whales capitalizing on the falling prices to buy the dip, a move that could potentially trigger a bullish reversal in the days ahead. 

The Hellomoon chart below tracks the balances held in wallets that acquired SOL over the past week. This serves as a proxy for measuring real-time changes in whale trading activity. 

Average balance in Solana (SOL) buying addresses | Source: Hellomoon 

The chart above shows how the average balance in buying addresses increased from 383 SOL on Tuesday  to hit 1,096 SOL on Thursday.

This signals a 186% increase in demand from large investors over the last three days, reflecting growing anticipation of a bullish reversal.

When large holders buy during a market dip, the resulting surge in market liquidity enables panic sellers to exit with minimal downward pressure on prices.

This could help SOL hold relatively high support levels, while bulls regroup for the next rebound phase.

Solana price forecast: Close above $230 could spark rebound phase

Solana’s (SOL) price has shown signs of stabilizing, with technical indicators pointing to a potential rebound if key resistance levels are breached.

The RSI remains neutral at 48.36, indicating that bears are not in full control of the market. 

This suggests a possible recovery if momentum shifts in favor of bulls. The midline of the Donchian Channel (DC) at $231 acts as immediate resistance.

A decisive close above this level could signal a resurgence of buying activity, setting the stage for a broader recovery phase.

Solana Price Forecast

If SOL successfully breaks above $231, the next target lies at the upper band of the DC at $259.

This move could attract strategic traders looking for entry opportunities at current levels.

However, failure to sustain above $230 could invalidate this bullish outlook. 

On the downside, strong support is observed at $203, and a drop below this level might prompt further corrections.

Volume trends suggest caution as significant buying pressure is yet to emerge to counteract bearish momentum.

Strategic traders should monitor these levels closely for confirmation of a trend reversal.


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14 12, 2024

Binance Coin (BNB) Price Prediction for November 11

By |2024-12-14T04:28:50+02:00December 14, 2024|Crypto News, News|0 Comments

U.Today – Bulls are trying to hold the initiative, and most of the coins remain in the green zone, according to CoinMarketCap.

The rate of (BNB) has increased by 0.87% over the last 24 hours.

On the hourly chart, the price of BNB has made a false breakout of the local resistance of $691.54. However, if the daily bar closes near that mark or even above it, growth may continue to the $700 zone tomorrow.

On the bigger time frame, the picture is less bullish. The rate of the native exchange coin is in the middle of the channel, between the support of $627.99 and the resistance of $750.01.

As none of the sides is dominating, ongoing sideways trading is the more likely scenario until the end of the week.

From the midterm point of view, neither buyers nor sellers are dominating. If the weekly bar closes near current prices, traders may expect consolidation around $700 in the next few days.

BNB is trading at $690.70 at press time.

This content was originally published on U.Today



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14 12, 2024

Legendary Analyst Says You Won’t Believe How Far XRP Will Go With This Altcoin Rival Rallying 36,000% » The Merkle News

By |2024-12-14T02:29:01+02:00December 14, 2024|Crypto News, News|0 Comments

A legendary analyst has recently made predictions that have captured the attention of investors. According to the legendary analyst, the XRP price is set to reach new highs as its altcoin rival, ETFSwap (ETFS), surges by an astonishing 36,000%.

This impressive rally has captured the attention of investors eager to capitalize on potential gains in the coming months, especially following ETFSwap’s recent listing on Uniswap.

Can The XRP Price Breakout Of The Current Price Trend?

The XRP price has recently undergone a significant retracement. Despite this, the legendary analyst remains optimistic, projecting that the XRP price will reach new highs in the coming months as buying pressure continues to build. The legendary analyst, Harry, shared his insights on X, pointing out that XRP has yet to retest the critical $1.96 breakout level.

Currently, the XRP price is hovering between $1.96 and the 2017 all-time high of $2.77. According to the legendary analyst’s technical analysis, this positioning indicates growing bullish momentum. He further suggests that if XRP’s current flag formation breaks to the upside, the XRP price could be poised for a powerful rally toward new highs.

ETFSwap (ETFS): Altcoin Rival To Outperform XRP With 36,000% Surge

ETFSwap (ETFS) is capturing attention, not only for its high-profile listing on Uniswap but also for its groundbreaking approach to ETF trading. Since its recent debut on Uniswap, the platform has delivered remarkable returns, doubling the investments of investors who bought the ETFS token in its just-concluded presale. This strong momentum has prompted a legendary analyst to predict a 36,000% surge for the altcoin rival.

As the first of its kind, ETFSwap (ETFS) allows investors to seamlessly trade tokenized ETFs on the blockchain, providing investors with tools like advanced ETF price tracking, user-friendly trading interfaces, and 24/7 access to global markets. These features have been instrumental in driving traction and fostering wider adoption of the platform among investors and legendary analysts, who recognize its unparalleled potential for long-term growth as an altcoin rival.

With its recent Uniswap listing, investors can now purchase the ETFS token at an affordable price and gain easy access to the platform’s advanced features and incentives. This creates multiple opportunities for profit beyond the anticipated 36,000% surge in the token’s value as predicted by the legendary analyst. For instance, investors who acquire the ETFS token on Uniswap can not only trade tokenized ETFs, but participate in liquidity pools, and earn up to 87% APY through staking.

Unlike many altcoins that lose credibility after listing on major exchanges, this altcoin rival, ETFSwap (ETFS), is securely built on the Ethereum blockchain, ensuring its resilience and ability to thrive in the competitive ETF crypto landscape. Moreover, to add another layer of credibility and boost the confidence of traders, the platform’s network has undergone a thorough audit from Cyberscope. 

With its Uniswap listing already generating significant profit for early investors and its utilities making ETF trading more accessible, ETFSwap (ETFS) is becoming the ultimate choice for investors seeking high returns. Now is the time to act before this altcoin rival gains momentum and skyrockets by 36,000%, leaving the XRP price in its wake.

Conclusion

While the XRP price faces a period of consolidation, ETFSwap (ETFS) is rapidly gaining traction with its innovative approach to ETF trading, and its recent Uniswap listing has provided significant momentum. A legendary analyst is particularly bullish on ETFSwap (ETFS), predicting that this altcoin rival will surge by 36,000%.

Additionally, ETFSwap (ETFS) plans to launch its own ETF in 2025. The ETF status could potentially draw in more institutional and retail investors, further propelling the ETFS price upward. So, for investors looking to capitalize on the potential 36,000% ROI this altcoin rival can give, now is the time to buy the ETFS token at an affordable price on Uniswap.

For more information about the ETFS Launch:

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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