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Bitcoin (BTC) is grappling with key resistance below the $45,000 mark despite a recent surge linked to speculation about approving a spot exchange-traded fund (ETF) in the United States.   This comes as the prevailing market sentiment suggests that Bitcoin is poised for a potential rally , aiming to reach a new all-time high.  In line with this, an Analysis by crypto trading expert Tradingshot, posted on TradingView on December 29, highlights that Bitcoin’s parabolic rally may be imminent if it successfully b reach es the significant resistance at $48,500. Tradingshot observed that Bitcoin has witnessed substantial mid-cycle growth over the past two months, edging closer to the pivotal $50,000 level. The expert emphasized that surpassing the $48,500 resistance could mark the commencement of the parabolic phase of the bull cycle. Bitcoin price analysis chart. Source: TradingView Cryptocurrency Top 3 cryptocurrencies of 2023 with the bigge...

Cryptocurrencies did well in 2023 as demand remained at an elevated level. Bitcoin and most digital coins more than doubled and the trend could continue. This trend could benefit Memeinator, an upcoming meme coin. Cryptocurrencies had a strong performance in 2023, with Bitcoin soaring by over 150% and the total market cap surging to over $1.7 trillion. The same performance was replicated in the stock market, where key indices like the Dow Jones, Nasdaq 100, and S&P 500 surged to record highs. Most of these gains were driven by the Magnificent 7, which did well during the year. Meanwhile, demand for meme coins continued rising in 2023 as tokens like Bonk, Pepe, and Milady Meme coin (LADYS) surged. Similarly, investors continued pumping cash into token presales, hoping to capture the next big thing in crypto. For example, Memeinator token sale has netted over $2.7 million from investors.  Tailwinds for 2024 Cryptocurrencies face numerous tailwi...

CorgiAI ($CORGIAI) is one of the fastest-growing meme coins in the market. Based on the Cronos blockchain, CorgiAI has been on a spectacular tear throughout the year, even surpassing well-known memecoins Floki and Pepe the Frog. But CorgiAI isn’t the only recent entry into the world of best meme coins to buy.   $GFOX also burst onto the scene as of late, bringing competition to some of the biggest players. Read on to find out about $CORGIAI’s rise and $GFOX’s skyrocketing presale. >>BUY $GFOX TOKENS<< $CORGIAI Flips $PEPE CorgiAI is a groundbreaking cryptocurrency project that harnesses the power of AI to create and interact with the community by using a GPT-style communication system. It’s basically a meme coin with a mind of its own that takes the job of marketing and community-building into its own hands. At the core of Corgi AI’s strategic framework lies a steadfast commitment to community development, couple...

A widely followed crypto analyst says that there’s a chance that Bitcoin’s (BTC) recent rally may be tapped out. Crypto analyst Michaël van de Poppe tells his 679,000 followers on the social media platform X that the buzz surrounding BTC generated by rumors of an exchange-traded fund (ETF) approval has probably reached a limit. “Bitcoin is probably getting topped out around the ETF approval and will move inside a range.  That range, and the recent week, is a signal for strength on the remainder of the markets to catch up. Ethereum is likely to run to $3,000+.” Source: Michaël van de Poppe/X BTC is worth $42,455 at time of writing, down 3% in the last week. As for Ethereum (ETH), the leading smart contract platform is currently worth $2,361. Looking at Polygon (MATIC), Van de Poppe says the ETH layer-2 scaling solution has been falling behind other top altcoins like Solana (SOL) and Avalanche (AVAX). “Lagging behind on SOL and AVA...

Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on a leading Ethereum layer-2 altcoin. Martinez tells his 37,900 followers on the X social media platform that Polygon (MATIC) could surge by nearly 65% from the current level and hit a price of $1.73 if it breaks out of a key resistance level. According to Martinez, Polygon is on the “verge of a breakout from a symmetrical triangle” that started forming in 2022. Symmetrical triangles can either be bullish or bearish – bullish when the price breaks out to the upper trendline and bearish when the price breaks down to the lower trendline. Source: Ali/X Polygon is trading at $1.05 at time of writing. Next up is Bitcoin (BTC). Martinez says that the price of the flagship crypto asset is ranging within a parallel channel and a fall below the $42,400 support level could see Bitcoin fall to $40,700. “On the flip side, a rebound from here might set the stage for an upswing toward...

Dogecoin (DOGE), the renowned cryptocurrency known for its meme origins, is once again in the spotlight as a substantial transfer of 71.2 million DOGE, valued at $6.39 million, has occurred from an undisclosed wallet to the widely-used trading platform, Robinhood. This substantial whale transaction is part of a broader trend of significant movements within the Dogecoin sphere, coinciding with a 3% decline in the coin’s value over the past 24 hours. Analysts are closely monitoring these large-scale transfers, prompting speculation about the factors influencing Dogecoin’s price dynamics. Snapshot of Dogecoin Prices As of the latest update, Dogecoin is currently trading at $0.09066, indicating a noticeable 3% decrease in its value within the last 24 hours. The prevailing bearish trend is leading market participants to carefully examine recent transactions and their potential impact on the overall sentiment surrounding this meme-inspired cryptocurrency . Whale Alert: 71.2 ...

The BRICS alliance is looking to create a new currency to challenge the US dollar in global trade. BRICS aims to uproot the US dollar’s supremacy by replacing it with their soon-to-be-released currency. The next BRICS summit will be held in October 2024 in the Kazan region of Russia. While five member countries attend the summit every year, 10 nations will be a part of the bloc next year. The alliance inducted five other countries Saudi Arabia, the UAE, Egypt, Iran, and Ethiopia. Also Read: BRICS : Russian Oil Exports to India Rise 2,200%, Saves Them $7 Billion BRICS Currency To Take Centerstage in The 2024 Summit? Source: thecradle.co The 16th BRICS summit in 2024 could revolve around the creation of a new currency to take on the US dollar. The bloc is advancing in the formation of a new currency that will alter the financial markets as we know it. The paradigm shift will make the US and the West fight to maintain their global supremacy as BRICS convinces other developing ...

The Solana ecosystem has witnessed significant growth in the last month. The values of some meme coins on Solana have more than doubled during the same period. Of all the tokens observed, ANALOS appears to be the only one that can sustain its current rally. Solana (SOL) is poised to close the year as the best-performing altcoin. Trading at a price level last observed in April 2022, the coin’s value has risen by 95% in the last month. The price surge in the last month led to a corresponding uptick in market capitalization. This propelled the coin to surpass Binance Coin (BNB) and Ripple’s XRP, securing its position as the fourth-largest cryptocurrency by market capitalization. An Assessment Of Some Solana-based Meme Coins The increase in SOL’s price and the overall Solana ecosystem has led to a rally in the values of some of the meme-based assets on the network.  One such asset is the dog-themed BONK, whose value surged by over 300% in the las...

A widely followed crypto analyst says that one little-known altcoin has massive upside potential while updating his outlook on smart contract platform Solana (SOL). Pseudonymous crypto strategist Altcoin Sherpa tells his 202,300 followers on the social media platform X that open-source gaming blockchain Beam (BEAM) has “big upside” potential for 2024, though he doesn’t specify a price target. “BEAM: good buy (in my opinion)… I’m going to keep holding this one for 2024. Big upside and my play for gaming this cycle (though have some other smaller bets too).” Source: Altcoin Sherpa/X BEAM is trading for $0.021 at time of writing, an 8.34% increase during the last 24 hours. Altcoin Sherpa goes on to say that he’s purchasing red-hot altcoin Solana despite his belief that it may not be the right time to do so. According to the strategist, the Ethereum (ETH) rival should continue its climb in 2024. “SOL: Probably ...

Key takeaways The Memeinator presale is now in its tenth stage as more investors buy into the project. The team has raised more than $ 2.4 million so far and has a target of $2.8 million in this current stage .  The cryptocurrency market is ending the year strongly as Bitcoin and other major cryptocurrencies recorded excellent gains this year. Investors are also taking strategic positions in new projects, with Memeinator gaining massive interest in recent weeks. What is Memeinator? Memeinator is a Web3 project that will launch as a meme token and provide utility to those that use memes. The goal is to become one of the leading meme coins in the world. It has a unique project perspective and is offering value to investors and content creators. The development team revealed that the project is launching as a meme coin to leverage the recent growth of the meme coin industry.  The project seeks to destroy worthless memes on the internet, allow...

Using cryptocurrencies constitutes a relevant part of their demand and price formation. This use can be measured through different metrics, the network activity or daily addresses activity (DAA) being two. Notably, Finbold explored the crypto dashboard from the Santiment on December 23, spotting five crypto currencies with the highest network activity . In particular, Bitcoin (BTC) leads this rank with 911,120 Daily Active Addresses in a month, honoring its market cap leadership. BTC is the most valuable cryptocurrency, with a $857.17 billion capitalization. Interestingly, the second place by a 30-day DAA is Litecoin (LTC), ranked 18th by market cap. Litecoin has 70% of Bitcoin’s network activity (638,820) while having only 0.62% of its capitalization ($5.34 billion). Crypto dashboard ordered by Daily Active Addresses (DAA, 30d). Source: Santiment Cryptocurrency Alert: Bitcoin on-chain data hints 'whales are taking profits’ Cryptocurrency ...

A widely followed crypto analyst is diving deep into the altcoin markets, predicting what may lie ahead. Pseudonymous crypto trader Rekt Capital tells their 377,900 followers on the social media platform X that the market for all cryptocurrencies excluding the top 10 cryptos by market cap has seen obstacles in the past month. “Altcoin Market Cap has enjoyed two historic retests over the past month.” Source: Rekt Capital/X Based on his Analysis , the crypto trader thinks the altcoin market cap can reach new heights soon. “Altcoin Market Cap will probably make new All-Time Highs in this cycle.” Looking at one top altcoin specifically, Polkadot (DOT), the interoperability blockchain, Rekt Capital says DOT has recently enjoyed an over 60% rally. “Looks like the Polkadot retest has been successful Polakdot has rallied +66% since breaking out from its macro market structure.” Source: Rekt Capital/X DOT is worth $8.07 at time of...

Hong Kong’s securities regulator is exploring the possibility of approving crypto spot ETFs, signaling a potential shift in the regulatory landscape in the region. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have published a joint circular, noting a growing number of inquiries interested in launching spot crypto exchange-traded funds (ETFs). While the SFC has granted permission for licensed crypto providers to offer crypto currency futures ETFs in Hong Kong, the regulator hasn’t made the same move for spot ones. However, this time, the SFC has stated that it is “prepared to accept applications for the authorization of other funds with exposure to crypto currencies,” including spot crypto ETFs. You might also like: Hong Kong mulls green bond sale using blockchain “The SFC and the HKMA have reviewed their existing policy for intermediaries which wish to engage in virtual asset-related activities. Th...

According to a Dec. 21 post, Grayscale and Harris Poll have teamed up to get the read on the role of crypto in the 2024 election . As stated in the report, for the first time in history, Bitcoin (BTC), Ethereum (ETH), and other crypto currencies were all mentioned in the American Presidential primary debate, resulting in the release of 2024 Election: The Role of Crypto a survey administered by Grayscale on behalf of The Harris Poll, an American market research and analytics company. From this study, key findings included 46% of likely voters being said to hold off on cryptocurrency investments, waiting for additional policies and regulations before diving into the digital asset space.  NEW: @Grayscale partnered with @HarrisPoll to get a read on the role of #crypto in the 2024 election. Some key findings were: 46% of likely voters say that they are waiting for additional policies and/or regulation before investing in crypto. 40% expect their future… — Eleanor Terrett (@E...

Bitcoin (BTC) is concluding the year positively, overcoming the earlier suppression of the maiden cryptocurrency’s valuation due to wider economic conditions, such as rising interest rates. The notable uptick in the flagship digital asset’s performance becomes evident when comparing Bitcoin against traditional investments, notably the tech giant Apple (NASDAQ: AAPL), particularly in daily trading volume. In this line, according to data acquired by Finbold, from November 20, 2023, to December 20, 2023, Bitcoin recorded an average daily trading volume of $22.52 billion, while Apple stood at least two times lower at $10.14 billion, marking a percentage difference of 75.71%. The variance between the two asset classes is more evident when comparing their market capitalization. As of December 20, Apple commanded a market cap of $3.03 trillion, at least three times higher than that of Bitcoin, standing at $850 million. How Bitcoin dwarfed Apple in trading volume It’s worth...

Coinbase CEO Brian Armstrong aimed this week at Senators Elizabeth Warren and Roger Marshall over their efforts to increase regulation of the crypto industry. In a recent tweet, Armstrong referenced a video of Senator Marshall admitting that the American Bankers Association helped craft the Digital Asset Anti-Money Laundering Act, a bill viewed by many in crypto as an attempt to stifle innovation in the space. Senators Warren and Marshall now lobbying for big banks &#128579; Being anti-crypto is a really bad political strategy going into 2024 * 52m Americans have used crypto * 38% of young people say crypto can increase economic opportunities * just 9% of Americans satisfied with the… https://t.co/diawa3LOX5 — Brian Armstrong &#128737;️ (@brian_armstrong) December 19, 2023 Being anti-crypto is a bad political strategy “Being anti-crypto is a really bad political strategy going into 2024,” the Coinbase CEO wrote, before highlighting statist...

The Ramp Network (RAMP), a fintech company focused on connecting the crypto ecosystem with traditional finance, partnered with The Open Network (TON) as part of the effort to turn Telegram, a popular messaging app, into a “Web3 super app”, per the latest information shared with Finbold. The partners hip is aimed at building an on-ramp that would enable Telegram users to explore the world of Web3 directly through the app and easily purchase Toncoin (TON) and other cryptocurrencies using any payment method they prefer.  Indeed, Ramp Network’s on-ramp solutions support numerous popular payment methods, including credit and debit cards, bank transfers, Apple Pay, Google Pay, and also PIX, a system widely used in Brazil. The partners hip will also allow developers to benefit by integrating the on-ramp into their application, thus gaining better access to Telegram’s 800 million daily active users. TON and Ramp express optimism about the partnership Cryptocurrency Chi...