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12 12, 2024

This $0.125 Altcoin Will Replace SOL in 2025

By |2024-12-12T04:00:01+02:00December 12, 2024|Crypto News, News|0 Comments

The crypto market is experiencing volatility, and new tokens could shake the roots of established coins. Solana (SOL) is one of the renowned tokens in the crypto market, known for its prompt and low fee transactions. But a new player is in town, drawing the attention of crypto lovers and expected to oust SOL by 2025. That new player is Rexas Finance or RXS.

Solana (SOL): Bullish Momentum

In recent weeks, Solana (SOL) has managed to increase in rate by 25%, hitting a staggering $239 value. This brings SOL’s market cap to $114B. SOL has been one of the “strong” coins in recent months, and it is ranked 5th on CoinMarketCap.

Why Rexas Finance (RXS) is the Next Big Thing in Crypto

Rexas Finance has had some great presale stages since the beginning of its pre-sales. Priced at $0.125, it is currently in its presale stage 9, and thus Rexas Finance (RXS) is a promising new altcoin that has made a name for itself due to its blockchain technology, allowing real-world assets (RAW) tokenization. The next presale stage, stage 10, has been confirmed to be $0.150, and this gives RXS a competitive edge in the market and may attract more users and investors upon listing. As we dig deeper into the digital age, the traditional asset management structures must be revised. In this regard, we point out crypto market gaps that Rexas Finance is trying to fill:

MARKET GAPS Rexas Finance (RXS) SOLUTIONS
Lack of Liquidity Enhanced Liquidity with Tokenization
High Entry Barriers Democratizing Access to Investments
Costly Transactions Reducing Costs with Blockchain
Transparency and Fraud Risks Secure and Transparent Transactions
Regulatory Compliance Facilitating Regulatory Compliance
Technological Disparity Innovation Through Emerging Technologies

Rexas Finance’s roadmap and vision for the future are crystal clear, which could further attract more investors and partners to its platform. RXS  has a transparent and well-defined roadmap that will give crypto traders confidence in the right direction and solid growth development plans.  This will help position RXS as one of the top cryptocurrencies by 2025. Rexas Finance (RXS), at their stage 9 presale price, has raised a whopping $24M and is speculated to have raised 2x+ by many crypto analysts before listing. RXS keeps gaining attention and recognition within the crypto community, as $320M worth of tokens have been sold in the crypto market. 

Rexas Finance presents advanced safety, privacy, scalability, and interoperability features. These features make RXS more tempting to active users and investors seeking to invest in higher technological-level cryptos. Secondly, some possible partnerships and collaboration would go a long way in defining the success or propensity of Rexas Finance—RXS replacing SOL come 2025. 

Listings in some of the top exchanges within the crypto market would go ahead and list RXS. These exchanges pride themselves on offering high liquidity and very secure environments, so whether one is a new or seasoned crypto trader, it will be a breeze either way. By listing RXS on such leading platforms, these collaborations could provide access to new markets and resources for RXS to develop and compete with established tokens like SOL.

Rexas Finance’s $1 Million Giveaway

Rexas Finance has introduced a $1 million giveaway to add hype to its presale. All twenty winners will receive $50,000 each. As an added incentive for early investors, they will receive even more perks. To increase your chances, participate by providing your ERC-20 wallet address, completing the tasks, and inviting lots of friends. 

Conclusion

By 2025, Rexas Finance, RXS, will take over the leading position of SOL in the market due to its blockchain, which allows RWA Tokenization, a very straightforward roadmap, features, and listings with strategic partnerships in exchanges.   With these in favor, RXS may defeat SOL and be the leading performer on the cryptocurrency market for some time in the future. RXS is a coin in its growing stage, which might become the next big thing in the world of crypto; investors and users should keep an eye on it.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

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12 12, 2024

Rebound expected as 60,000 new traders buy the dip

By |2024-12-12T01:58:54+02:00December 12, 2024|Crypto News, News|0 Comments

  • Dogecoin price reclaims the $0.40 mark on Wednesday, up 10% from the 20-day low of $0.36 seen on Tuesday.
  • The number of wallets holding DOGE increased by 60,000 between December 2 and December 11, signalling an influx of new entrants buying the dip.
  • The Volume Delta technical indicator shows the DOGE rebound is supported by a significant increase in market liquidity.

Dogecoin price reclaimed the $0.40 territory on Wednesday as bulls staged a 10% rebound within the last 24 hours. DOGE on-chain data trends shows that a large number of new entrants capitalized on the crypto market correction phase to buy the dip. 

Dogecoin price reclaims $0.40 as crypto market enter recovery phase

After a volatile start to the week, Dogecoin price has joined other top ranked crypto assets on a rapid recovery phase on Wednesday. Based on recent market reports, the crypto market rebound appears linked to traders reacting positively to the latest consumer inflation report released by US regulators on Wednesday. 

While Bitcoin price led the rebound, as it reclaimed the $101,000, Dogecoin also made giant strides reversing a considerable portion of the losses recorded during the crypto market crash on Monday. 

Dogecoin price action | DOGEUSD

The chart above shows how the DOGE price has surged 10.2% as it rose as high as $0.41 Wednesday. This impressive rebound effectively reverses nearly half of the 21.8% losses recorded as prices plunged to a 20-day low of $0.36 on Tuesday. 

60,000 new wallets acquired DOGE amid crypto market dip  

Ivestors betting on another imminent Fed rate cut after the latest US CPI data released have evidently propelled Dogecoin and the rest of the crypto market into an early rebound. However, a closer look as the underlying on-chain trends shows  strategic traders capitalizing on the market dip also played a pivotal role in the DOGE’s 10% resurgence. 

Validating this outlook, Santiment’s chart below monitors real time changes in the number of active funded wallets on the Dogecoin blockchain network. This serves as a proxy for measuring new-user acquisition rate around critical market events. 

Dogecoin Price vs. Total Holders 

The blue-shadded portion in the chart above shows that only 6.8 million wallets existed on the Dogecoin network as of December 2. But as crypto markets succumbed to downward volatility over the past week, 60,000 new-user wallets acquired DOGE over the past week, bringing the total holder addresses to 6.86 million at press time on December 11. 

When a large number of new wallets are created during a market dip, it often signals an influx of new strategic traders capitalizing on the falling prices to enter the fray. Fresh capital inflows from these 60,000 new DOGE wallets effectively increases short-term demand. 

Evidently this contributed to setting the stage for the 10.2% DOGE price rebound observed as market sentiment flipped bullish after the US CPI report released on Wednesday. 

Dogecoin Price Forecast: $0.50 breakout in focus? 

Dogecoin (DOGE) has shown resilience with a 10.2% rebound following the recent market dip, bolstered by bullish momentum after the U.S. CPI report. The daily chart illustrates key technical indicators aligning for a potential extended recovery, yet resistance and support levels demand close attention.

Dogecoin price forecast

The primary resistance to monitor is the $0.46 level, marked by the upper Bollinger Band, which represents a critical psychological threshold.

A breakout above this zone could pave the way toward the next target of $0.50, a level last tested during earlier bullish sentiment waves.

Volume Delta data supports a scenario where consistent buying pressure might push DOGE into new short-term highs, but traders should watch for profit-taking near $0.50.

On the downside, immediate support is found at $0.38, aligned with the lower Bollinger Band.

Breaching this level could invalidate the bullish outlook, exposing DOGE to further corrections. A drop below $0.38 would open the floor to retest $0.36, where stronger support lies.

 


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11 12, 2024

Here’s When XRP Price And Other Altcoins Will Pump Again

By |2024-12-11T23:56:54+02:00December 11, 2024|Crypto News, News|0 Comments

XRP has been experiencing interesting price movements lately, with an unexpected surge in retail interest. Google Trends data shows a rise in mentions of XRP and this surge has sparked a lot of retail hype.

According to Brian from Santiment, it’s fascinating how a strong 30-day performance can drive this kind of excitement. Even with a slight pullback, XRP is still up around 329% in the past month. Though it’s down about 11.5% from its recent peak about eight days ago, XRP’s price doubled in just one week, from November 25 to December 2.

On the Thinking Crypto podcast, Brian said that the price surge was accompanied by a spike in transaction volume and active addresses, signaling strong retail interest. However, it’s important to know that XRP, like other altcoins, remains vulnerable to Bitcoin’s movements. Despite this, XRP’s utility has been a key driver behind the FOMO, with many traders jumping in based on price momentum rather than the coin’s fundamentals.

When Will XRP and Other Altcoins Rise Again?

The altcoin market has been seeing some interesting movements lately. Over the past week, the overall market cap of about 3,600 assets has dropped by around 1.5%, but trading volume has actually increased. 

The analyst said that right now, sentiment is mixed, with neither bulls nor bears clearly in control. This has created some volatility, where panic sellers are being met by buyers looking to take advantage of lower prices. The market is stuck with no clear direction. Many are hoping for a rally into Christmas or the new year, while others are anticipating a dip followed by a potential recovery in January.

Historically, December has sometimes been a rough month for crypto markets, especially after strong performance in November. In 2017 and 2021, there were similar slowdowns in December, and this year could follow a similar pattern. Tax season often leads to profit-taking, which can further slow down activity.

In the short term, it might be worth keeping an eye on how things develop. The next few weeks could be quieter as whales and large traders take a step back. 

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11 12, 2024

SOL Headed For Massive 100% Surge As JetBolt Continues To Pump

By |2024-12-11T21:55:00+02:00December 11, 2024|Crypto News, News|0 Comments

Solana (SOL) has been the talk of the crypto town, as it stays afloat at the $220 level after an impressive 221.2% surge this year. With the recent marketwide sell-off, analysts wonder: is SOL headed for a massive 100% surge?

Meanwhile, the spotlight is also shifting to JetBolt (JBOLT), a rising altcoin making waves with its presale success. Over 150 million tokens have already been sold, driven by its innovative zero-gas technology and advanced blockchain features. It’s no surprise that whales are taking notice as JetBolt continues to grow.

Will Solana double in price in early 2025, or is JetBolt poised to steal the show as the next big altcoin? Let’s dive into the latest on Solana price prediction and why whales are accumulating JetBolt.

Solana Price Prediction: SOL to Double or Trouble?

2024 has been a series of ups and downs for Solana (SOL). The coin propelled 221.2% this year to hit an impressive peak of $263 before finding resistance around $223.7136. So, is SOL headed for a massive 100% surge? Market watchers are also eager to find out.

Solana saw a sharp dip in its 7-day price chart from CoinGecko.

Solana saw a sharp dip in its 7-day price chart from CoinGecko.

Solana has seen a slight pullback, with declines of 6.2% and 4.9% over the past week and two weeks, respectively. Technical indicators offer a mixed bag—the 10-day SMA sits at $229.18, signaling a short-term bullish trend just above the 200-day SMA of $165.04. Meanwhile, an RSI of 46.07 points to neutral market conditions, with no strong directional momentum in play.

Solana is feeling the pressure as a marketwide sell-off drives its price downward. Broader bearish sentiment across the crypto space has contributed to increased selling activity, dragging SOL along with other major assets like Bitcoin.

Despite the recent dips, a number of analysts remain bullish on Solana. A popular crypto analyst, Altcoin Sherpa, still believes in Solana’s price trajectory, forecasting that a potential bottom may be forming soon. The analyst highlighted that “bottom formations are often violent events and take some time,” emphasizing the turbulent nature of market lows.

While Solana faces short-term challenges amid a marketwide sell-off, its mixed technical indicators and recent price pullbacks suggest a period of consolidation rather than outright decline.  However, resistance at $223.7136 and challenges like delays in launching Solana ETFs could act as roadblocks on its path to new heights.

JetBolt Continues to Surge with Over 150 Million Tokens Sold

JetBolt made a dashing entry with its red-hot presale—already surpassing 150 million tokens sold.

What makes JetBolt unique is its groundbreaking zero-gas technology. Using the Skale Network, this impressive feature eliminates gas fees entirely. Developers can now supercharge their Web3 dreams with zero-gas technology and JetBolt’s streamlined wallet and payment tool.

Imagine crafting innovative Dapps without the burden of gas fees, from social finance apps that redefine community interaction to immersive gamefi experiences that push the boundaries of digital entertainment. With tokens, NFTs, and other digital assets at their fingertips, developers can build rich, interactive ecosystems that captivate users and drive the future of Web3.

JetBolt also integrates an AI-powered tool that aggregates market trends, keeping users in the loop by making the curation more entertaining. This combination highlights JetBolt’s commitment to pushing boundaries in the tech space. 

When it comes to token staking, JetBolt introduces a fresh approach by rewarding users not only for staking but also for active participation during the staking process. This means the more involved a user is, the greater their rewards.

Early birds get the worm (and extra tokens) with Alpha Box bundles. Buyers can snag up to 25% bonus tokens on bulk purchases.

JetBolt is more than just an altcoin. It’s a platform designed for real-world utility, right from the start. With its innovative features and forward-thinking ecosystem, JetBolt is gaining traction among both crypto enthusiasts and savvy whales who appreciate practical applications.

SOL Price Prediction: SOL Headed For Massive 100% Surge As JetBolt Continues To PumpSOL Price Prediction: SOL Headed For Massive 100% Surge As JetBolt Continues To Pump

Is SOL Headed For Massive 100% Surge As JetBolt Continues To Pump?

Despite hurdles such as the market-wide sell-off, Solana continues to demonstrate resilience. Backed by strong whale interest and a dynamic ecosystem, SOL maintains its potential to overcome challenges. While the journey to a 100% surge remains ambitious, the long-term potential remains strong. As the market stabilizes and Solana addresses its technical challenges, SOL fans are cautiously optimistic.

On the other hand, JetBolt continues to gain momentum with its revolutionary zero-gas technology, AI-powered utilities, and innovative staking features. With over 150 million tokens sold during its presale and a fully functional ecosystem, JetBolt is emerging as a next-generation altcoin to watch.

Interested in JetBolt? Visit these links:

Official Website: https://jetbolt.io/

X/Twitter: https://x.com/jetboltofficial

The crypto market is highly volatile and prone to substantial price fluctuations. This article is for informational purposes only and should not be considered financial advice. Always conduct your own research and fully understand the risks involved before making any cryptocurrency-related decisions.



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11 12, 2024

Analysts Call Last Buy Opportunity After Dip to $0.36

By |2024-12-11T19:53:57+02:00December 11, 2024|Crypto News, News|0 Comments

The price of Dogecoin revisited lows at $0.3668 on Tuesday when a bearish storm rocked the market. 

While Dogecoin is in a recovery phase, it is still within the $0.39 region. Analysts are warning investors to seize the window to purchase the meme coin before it goes parabolic again.

Technical analyst Crypto Scofield expressed this sentiment in a post on X. He warned the community that this may be their last chance to buy Dogecoin before it takes off again. According to him, missing this opportunity could mean missing out on major pumps that have historically followed Dogecoin’s dips.

Notably, before Dogecoin reached its current position, it traded as low as $0.089 in September and $0.1015 in October. However, Dogecoin spent most of November breaking higher levels not seen since 2021 before losing momentum at $0.4835 in December.

Investors who joined Dogecoin before the pump benefited from a streak of green candles. While Dogecoin’s price has since dropped by 24% from its multi-year peak, analysts continue to urge investors to seize the opportunity to buy Dogecoin at a discount before the next wave.

Commentators like Crypto Scofield are targeting a $3 price for Dogecoin in the near-term outlook.

Dogecoin Set-up Shows Attractive Risk-Reward Ratio

Other analysts have similarly voiced bullish sentiments on Dogecoin amid the recent dip. According to analyst Rose, Dogecoin’s current setup offers an attractive risk-reward ratio for long-term holders.

This analyst called for a long position on Dogecoin, urging market participants to take profits once the asset reaches $0.70, around where it peaked in the last cycle, and $0.9977, which would mark an unprecedented price territory for DOGE.

Meanwhile, the analyst cautioned that if the bearish trend continues, holders should consider closing their long positions at $0.32 to minimize risk.

In a separate commentary, analyst Kriss Pax assured market participants that there is nothing wrong with Dogecoin. He stated that while Dogecoin has been in a period of sideways price action for about a month, there is nothing fundamentally wrong with it, and it will soon resume its bull run.

Image
Dogecoin chart by Kriss Pax

Prominent analysts like Ali Martinez have argued for a potential 4,400% run in Dogecoin to $18 post-dip. While speculative, this projection is inspired by historical trends.

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

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11 12, 2024

Cardano (ADA) Price Prediction for November 11

By |2024-12-11T17:52:51+02:00December 11, 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.

The crypto market remains green today, according to CoinStats.

Article image
ADA chart by CoinStats

ADA/USD

Cardano (ADA) is one of the biggest gainers today, rocketing by more than 8%.

Article image
Image by TradingView

On the hourly chart, the price of ADA might have set a local resistance level of $1.0961. As part of the daily ATR has been passed, there are low chances to expect any sharp moves by tomorrow.

Article image
Image by TradingView

On the bigger time frame, the rate of ADA keeps accumulating energy for a further move. As none of the sides has seized the initiative, ongoing sideways trading in the range of $1.00-$1.10 is the more likely scenario until the end of the week.

Article image
Image by TradingView

On the weekly chart, the price is far from the main levels. In this regard, one should pay attention to the nearest vital zone of $1.00.

Related

XRP Price Prediction for December 10

If the candle closes above it, one may witness consolidation in the range of $1.00-$1.30 until the end of the month.

ADA is trading at $1.0749 at press time.

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11 12, 2024

What’s Next for XRP? Three Key Events That Could Influence Price

By |2024-12-11T15:51:21+02:00December 11, 2024|Crypto News, News|0 Comments

  • Major asset managers, including BlackRock and JPMorgan, are eyeing XRP ETF filings, which, if approved, could lead to a major rally for the altcoin.
  • Ripple’s U.S. dollar-pegged stablecoin, RLUSD, launched yesterday following the approval from NYDFS. Also, a favorable resolution to Ripple’s SEC lawsuit could eliminate regulatory uncertainties.

The XRP price, currently rebounding after a wider market correction, has been under strong observation, given its weekly trend showing a decrease of 11%. However, owing to the 302% surge in the last 30 days, Ripple’s XRP still stands strong. Quoted at $2.34 at press time, XRP enthusiasts are holding their breath for several developments that are to take place in the coming days and push the token’s value upward.

Rising Interest In Spot XRP ETFs

The prospect of a spot XRP ETFs has been highly anticipated. Heavyweight asset managers, such as BlackRock and JPMorgan, are said to be looking at filings for XRP ETFs. Companies like WisdomTree, 21Shares, and Bitwise have already filed applications with the U.S. Securities and Exchange Commission.

Investment firm Canary Capital also filed an application to start an XRP ETF in October, which attracted others’ interest. Approval for an XRP ETF will give individuals regulated exposure to the asset, which is likely to increase mainstream adoption.

The analysts think that the entry of capital that Bitcoin saw after the approval of BTC spot ETFs will be what XRP will undergo if an ETF gets approved. Since BTC recently hit a new all-time high of $103,000, the XRP price could also see an unprecedented surge. Thus, analysts like Armando Pantoja expect the Ripple token to surge to $30, suggesting a whopping 1,182% increase from current levels, reported CNF. 

Ripple’s RLUSD Stablecoin Launch

Ripple has announced the launch of RLUSD, a U.S. dollar-pegged stablecoin, after securing the much-awaited clearance from the New York Department of Financial Services (NYDFS) yesterday, on Tuesday, December 10. Soon after, the XRP price surged over 20% after Ripple announced approval from NYDFS for its RLUSD stablecoin.

Ripple CEO Brad Garlinghouse confirmed the milestone on X, stating, “We have final approval from NYDFS for $RLUSD! Exchange and partner listings will be live soon.” RLUSD is expected to enhance Ripple’s ecosystem, and the company promised further updates upon the stablecoin’s launch.

Market analysts expect the release of RLUSD to spark greater institutional interest. RLUSD’s role in cross-border transactions could highlight XRP’s use case as a bridge asset in Ripple’s payment network.

Will Ripple SEC Lawsuit Be Over Soon?

Ripple’s legal case with the SEC would be a significant factor in influencing XRP’s market performance. Market observers believe that an effective resolution is more likely after the political shift, as President-elect Donald Trump will take over in January.

A settlement or favorable court ruling could eliminate ongoing regulatory uncertainties surrounding XRP and further cement its position as a non-security. Analysts suggest this could act as a significant catalyst for market participants and institutional investors who have been hesitant due to the legal ambiguity. This could potentially drive the XRP price higher, reaching $3 in the short term.


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11 12, 2024

Solana Price Prediction; SOL Set To Skyrocket To New Highs, But Smart Investors Are All In On A Rising Crypto

By |2024-12-11T13:49:42+02:00December 11, 2024|Crypto News, News|0 Comments

SPONSORED POST*

The Solana price had a magnificent ‘moonvember,’ up 10% on the month and flipping Binance in the process. But the last week has been relatively quiet. Shell shocked by XRP’s explosive growth, the Solana price is down 5% on the week. But what does the Solana price prediction look like? In a word: bullish. Solana is a rising crypto and is expected to at least double from the current level. However, an even more bullish and rising crypto is Rollblock, and it is set to surpass Solana’s growth predictions by quite a margin.

Rollblock (RBLK): New rising crypto casino rolls out the red carpet to investors

Rollblock has quickly established itself as a rising crypto to watch, raising an impressive $7 million in liquidity during its presale. Positioned as a GambleFi token, Rollblock offers a unique blend of blockchain innovation and real-world utility in the online gambling sector. What sets Rollblock apart is its revenue-sharing model, which distributes a portion of the platform’s daily earnings directly to token holders, ensuring steady passive income alongside growth potential.

Unlike many speculative projects, Rollblock is designed with sustainability in mind. Its deflationary tokenomics reduce supply over time, driving scarcity and value. This rising crypto’s success stems from its solid fundamentals and the massive $500 billion online gambling market it taps into. With strong presale momentum and growing investor confidence, Rollblock is poised to deliver significant returns once it hits open markets.

For those seeking more than just speculative gains, Rollblock’s combination of innovative GambleFi features and robust DeFi principles makes it a standout opportunity. As the crypto rally continues, Rollblock’s potential to outperform even established tokens like Solana makes it an exciting addition to any portfolio. This rising crypto is not just a token—it’s a revolution in how blockchain meets online gaming.

Solana (SOL): Solana’s price prediction for 2025 and beyond looks bullish

At around $225, the Solana price is down 14% from its November high. This is a result of profit-taking and over-investment in XRP right now. But even at $216, the Solana price is still up 73% from mid-September. Solana had a great bull run, and according to Coincodex, the bulls are not quite done with Solana just yet.

We can expect a relatively stagnant Solana price for December, but it will more than double to $560 by mid-2025 before crashing to present levels until the next halving cycle. By 2029, Solana is expected to breach the $1k mark. This is a 5x increase in just 4 years, which is not bad going at all. But even that bullish number fades compared to the rising crypto opportunity that is Rollblock.

Solana may not be the fastest grower in the crypto market, but for long-term sustainability, it cannot be beaten.

Conclusion

The Solana price will still double- – or even more – in the next six months, but then there’s a lull ahead before Solana shoots the moon in 2029. But not everyone has four years to wait. This is where the rising crypto star Rollblock comes in.

Rollblock is expected to return several orders of magnitude after its presale ends and the token lists on the open markets. Rollblock is an amazing investment opportunity and is available at $0.041 directly from their website. 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.

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11 12, 2024

Bitcoin price prediction based on our AI

By |2024-12-11T11:48:58+02:00December 11, 2024|Crypto News, News|0 Comments

Bitcoin Futures Analysis: AI-Powered Insights for Investors and Traders

Bitcoin futures continue to attract significant attention as traders navigate key levels and market shifts. In this report, we bring you our AI-driven analysis, propietary to ForexLive.com, based on advanced order flow mechanics and volumetric data, offering actionable insights into current and historic price dynamics.

Key Market Levels and Their Dates

As of now, Bitcoin futures are trading near $97,548, aligning closely with today’s VWAP. To provide clarity, we outline the key levels below, distinguishing between today’s metrics and historic levels:

  • $96,200 (POC from December 10): This is a naked POC, meaning it hasn’t been tested by price today, making it a potential magnet for price action.
  • $94,950 (VAL from December 10): Another naked level that is just above $95,400, a long-term historic naked level that has held importance in prior sessions.
  • $98,645 (VWAP from December 9): This level represents the average trading price weighted by volume from December 9 and acts as potential resistance in the current market.
  • $100,565 (VAH from December 9): A naked VAH that serves as a critical resistance level, marking the upper boundary of value from that day.
  • Today’s VWAP: Currently at $97,548, providing a baseline for today’s trading activity.
  • Yesterday’s VWAP (December 10): Closed at $96,980, forming a key reference point below the current price.

AI-Powered Prediction Methodology

Our predictive model combines volumetric data, delta analysis (buy vs. sell strength), and market context to evaluate momentum and identify key price levels. This unique approach dives deep into the mechanics of the market, leveraging bid-ask dynamics and auction theory for superior market insights.

Rather than relying solely on traditional indicators like moving averages, our methodology focuses on the interaction between buyers and sellers at critical levels, such as VWAP, POC, and VAH/VAL.

AI is changing the world, thanks to Nvidia, Open.AI, etc.

The ForexLive.com Prediction Score Explained

Our prediction score ranges from -10 (extremely bearish) to 0 (neutral or indecisive) to +10 (extremely bullish). This score reflects both the momentum direction and its strength:

  • Current Score: +3
    The current market is moderately bullish, with buyers defending key support levels such as the $96,200 POC from December 10, but momentum shows signs of softening. The market could potentially retest $98,645 (VWAP from December 9) if buying activity strengthens, but resistance at $100,565 (VAH from December 9) may cap any upside move.

Why This Analysis Matters

The price has demonstrated resilience near the $96,200 POC (December 10), suggesting buyers are stepping in at critical support. However, declining delta values in recent bars indicate weaker follow-through. The historic significance of levels like $94,950 VAL (December 10) and $95,400 (long-term naked level) adds context, highlighting areas of strong buyer interest that could limit downside risk.

Suggested Approach for Traders and Investors

  1. For Bullish Traders:

    • Maintain long positions with stops below $96,200 to protect against downside risk.
    • Watch for a breakout above $98,645 (VWAP from December 9) for potential upside to $100,565 (VAH from December 9).
  2. For Neutral Traders:

    • Wait for stronger confirmation. A decisive move above $98,645 or below $96,200 will provide clearer direction.
  3. For Bearish Traders:

    • Consider short positions if price fails to hold $96,200, targeting $94,950 VAL (December 10) or $95,400.

The Importance of Key Levels

  • VWAP: A weighted average price offering insight into market sentiment. Prices above VWAP signal buying dominance, while prices below indicate selling pressure.
  • POC: A magnet for price action due to concentrated volume.
  • VAH/VAL: Representing 70% of trading activity, these levels act as natural support and resistance zones.

Conclusion: Rebounding from Recent Low but Proceed with Caution

Bitcoin futures are at a pivotal juncture, with buyers defending critical levels but struggling to generate strong momentum. Our +3 prediction score reflects moderate bullishness but emphasizes the need for confirmation before expecting a significant move higher. WATCH $100,565 (VAH from December 9) for partial or full profit taking.

For traders and investors, understanding the significance of today’s and historic levels is crucial for making informed decisions. Stay tuned for further updates as we continue to track these evolving market dynamics. Remember, AI is amazing but it does not promise you the future. While it can assist you in decision making, with specific prices to consider, bitcoin investing and trading is always at your risk only.

REMEMBER – This is our AI looking at Bitcoin Futures, not just any BTCUSD pair, and you will find that financial instrument listed on the Chicago Mercantile Exchange (CME), represented as BTC1!.

Tip for Traders: You can find this ticker on platforms like TradingView by searching for BTC1! or looking under the CME Futures section. Ensure your broker supports Bitcoin Futures trading if you’re using a different platform.

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11 12, 2024

XRP Price Prediction: Whales invest $500M as Ripple secures RLUSD approval in New York

By |2024-12-11T09:48:32+02:00December 11, 2024|Crypto News, News|0 Comments

Ripple (XRP) Whales Wallet Balances | Source: Santiment

The chart above shows that XRP price have been on a buying spree since mid-November when controversial SEC Chairman Gary Gensler confirmed his imminent exit. After a mild sell-off when XRP price topped out at $2.91 on December 4, crypto whales have capitalized on the ensuing market volatility to buy large amounts of XRP coins.

Since Dec 4, the whale cluster increased their balances from 4.58 billion XRP to hit 4.79 billion XRP at press time on Dec 11. Valued at current prices, this increase of 210 million XRP reflects that crypto whales invest another $494.2 million within the past week, capitalizing on the market volatility, and bullish sentiment surrounding the RLUSD stablecoin approval in New York.

When whale investors make surge large acquisition amid a market dip, the resultant market liquidity boost allows panic sellers to exit without causing major drag on prices. This partly explains why XRP price staged an early rebound above $2.40 on Tuesday while, outpacing other top-ranked assets like BTC, ETH.

XRP Price Forecast: $3 breakout ahead, if $2.60 resistance caves

XRP price appears poised for a bullish reversal towards $3 as technical indicators reflect improving market sentiment after the RLUSD stablecoin approval.

First, the Keltner Channels indicate that XRP faces significant resistance at $2.67. A decisive close above this level could confirm the start of a bullish continuation toward the psychological $3 milestone.

Further supporting the bullish case is the Bull-Bear Power (BBP) indicator, which has flipped green, showing stronger bullish pressure outweighing selling activity. This setup could attract strategic investors and short-term traders eyeing opportunities to capitalize on the upward trend.

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