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BRICS member China is aggressively pushing the Chinese yuan for trade with its partner countries and not the US dollar. The Xi Jinping administration is convincing developing nations to switch to local currency payments for cross-border transactions. The move is helping them level up in the supply and demand mechanism in the global currency markets. Also Read: BRICS: US Could Toughen Sanctions on Russia’s Oil Exports Read here to know how many sectors in the US will be affected if BRICS ditches the dollar and embraces the Chinese yuan for trade. The US dollar is under pressure after pressing sanctions against Russia in 2022 for invading Ukraine. Developing nations fear sanctions could hamper their economy and are indulging in de-dollarization to safeguard their national interests. Also Read: BRICS: India Makes Huge Announcement on New Currency BRICS: Will the Chinese Yuan Beat the US Dollar? Source: kitco.com / Shutterstock The US dollar makes up 58% of all global reserves in 2022 whil...

Shiba Inu (SHIB) was quick to climb the crypto charts. SHIB is the 17th largest crypto project by market cap, with a valuation of about $12.15 billion. SHIB’s price skyrocketed during the 2021 bull run, rallying by many million percent. Early investors made massive gains while SHIB climbed the ranks. Also Read: How Much is the Value of 14k Gold? What’s Shiba Inu’s Price If Its Market Cap Hits $500 Billion? Source: Watcher Guru While SHIB has continued to display its strength as a top crypto contender, fans and investors wonder what the asset’s price will be if its market cap reaches far more significant figures. There are about 589 trillion SHIB tokens in circulation right now. Let’s assume the project’s supply remains unchanged while the market cap increases to $500 billion. In this scenario, the price of each SHIB token will rise to around $0.0008488 ($500 billion/589 trillion). Reaching $0.0008488 from current price levels will translate to a rally...

The AI Companions price has soared 57% in the last 24 hours to trade at $0.1428 as of 8 a.m. EST on a 36% pump in trading volume to $9.9 million. The AIC price surge made it the top gainer among the top 100 cryptocurrencies on CoinGecko. AI Companions Price Spikes Above The Bearish Channel The price action of AI COMPANIONS/USDT in a 4-hour timeframe shows a dramatic shift in market dynamics. Between December 16 and December 27, the price followed a consistent bearish trajectory, confined within a downward sloping channel marked by lower highs and lower lows. During this period, the AIC price reached a low of $0.097314, coinciding with the 200-period moving average, which acted as a robust support level. However, on December 27, a decisive bullish breakout occurred, with the price surging sharply and breaking above the upper boundary of the bearish channel. AICUSDT Analysis Source: Tradingview This breakout signaled a reversal of the downtrend and marked a turning point in marke...

The Sentio Protocol price has soared 34% in the last 24 hours to trade at $0.4216 as of 3:20 a.m. EST on a 98% pump in trading volume to $8.8 million. The recent price surge comes after an announcement that SEN was listed on the MEXC crypto exchange. Trading for SEN began on December 29 at 10:00 UTC, and withdrawals will start on December 30 at 10:00 UTC. $SEN @sentioxyz position is up 31% on the day. Trade it with MEXC: https://t.co/9LokL8fVzL — Troy Spencer (@TroySpencerNSDQ) December 29, 2024 Sentio Protocol is a decentralized on-chain AI platform designed to transform how individuals and organizations interact with blockchain technology. By integrating no-code development tools with AI agent deployment, it enables users to automate complex tasks like DeFi yield farming and NFT management without requiring advanced technical skills. Key use cases include setting up AI agents through an intuitive interface, automating yield farming across liquidity pools, cross-chain a...

The Virtuals Protocol price has soared 23% in the last 24 hours to trade at $3.47 as of 7:50 p.m. EST on a 48% pump in trading volume to $571 million. This surge in price has positioned VIRTUAL as the top gainer among the top 100 cryptocurrencies by market capitalization, according to data from CoinGecko. Virtuals Protocol Price Continues The Uptrend Within The Channel The 4-hour chart for Virtuals Protocol reflects a strong bullish trend as the price continues to move within an ascending channel. Currently trading at $3.48, the price is nearing the upper boundary of the channel, indicating that bullish momentum is intact. The ascending channel serves as a key structure guiding the trend, with higher highs and higher lows reinforcing the uptrend. The $2.86 level, marked by the 50-period moving average (MA50), acts as dynamic support and is a crucial level for maintaining the bullish structure. Below this, the broader support zone between $2.03 and $2.10, which aligns with a prior c...

New Pepe derivative Wall Street Pepe ($WEPE) continues its impressive presale momentum, surpassing the $36.8 million milestone on Friday. Even amid a broader market slowdown and the absence of a traditional Santa Claus rally, this Pepe-themed token is charging into 2025 packed with explosive momentum, positioning itself for even bigger wins. Though it’s not yet celebrating its one-month presale anniversary, Wall Street Pepe is already drawing heavy early investor interest. This growing demand hints at a potential post-listing breakout, with $WEPE possibly vying for a coveted spot in the top 10 meme coins, challenging its predecessor, Pepe ($PEPE), for supremacy. But what truly sets Wall Street Pepe apart isn’t just its impressive presale funding – it’s the massive army of $WEPE holders rallying behind it. These investors aren’t just here to ride the hype – they’re united by a common mission: to outsmart the whales that ...

The Pudgy Penguins price plunged 13% in the last 24 hours to trade at $0.03684 as of 11:14 p.m. EST, with trading volume dropping 13% to $932 million. Pudgy Penguins Price Set To Soar The Pudgy Penguins price chart Analysis on the 1-hour timeframe displays a clear upward price channel, suggesting a short-term bullish trend. The PENGU price has been respecting both the upper and lower boundaries of the channel, creating higher highs and higher lows. However, recent candles show the price testing the channel’s lower boundary, hinting at weakening bullish momentum, according to data from GeckoTerminal . The current Pudgy Penguins price of $0.03684 sits just below the 50-day Simple Moving Average (SMA), which may act as a dynamic resistance in the short term. Moreover, the Relative Strength Index (RSI) is at 44.79, which is below the neutral level of 50, indicating slight bearish momentum in the short term. The RSI has been declining steadily from overbought levels, suggesting...

The Sui Network (SUI) will unlock nearly $300 million worth of its native token on January 1, 2025. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI’s circulating supply and dilutes investors’ holdings. Finbold has been monitoring and reporting Sui cliff unlocks according to data from Tokenomist . For example, December 1 saw Sui’s largest unlock in U.S. dollar value to date due to SUI’s ongoing price increase, unlocking $224 million worth of 64.19 million tokens. The phenomenon is set to repeat on 2025’s first day if SUI continues trading close to its current level. Indeed, the usual 64.19 million SUI unlock currently holds a nominal value of $274.11 million. This will artificially increase Sui’s circulating supply and market capitalization by 2.19% after the token unlock. Picks for you This historical pattern p...

With only 27 days and 19 hours left until the Flockerz (FLOCK) presale concludes, demand for the token continues to surge, with daily inflows averaging around $100,000. This number is expected to grow as the presale nears its end, driven by a combination of market dynamics and investor interest. Given Flockerz’s strong presale demand and the recent success of other innovative meme coins after their exchange launch, those who miss the presale may have to pay much higher prices later. Key reasons behind the rising inflows in the Flockerz presale The Flockerz presale’s momentum stems from multiple factors, including broader market trends and the unique appeal of the project. The current state of the cryptocurrency market plays a pivotal role. Bitcoin, Ethereum, Solana, and major meme coins like Shiba Inu and Pepe have all been showing upward price movement. As confidence grows in these established assets, investors often shift to new ventures, such as smaller meme coins l...

Cryptocurrency hackers stole $2.3 billion from the Web3 ecosystem in 2024, marking a 40% increase from the previous year. Crypto hacks were driven by a rise in access control breaches, mostly in centralized exchanges (CEXs) and crypto custodians, according to on-chain security company Cyvers. Cryptocurrency hackers exceeded the previous year’s milestones, stealing loot from decentralized systems across 165 incidents. The rise in crypto hacks coincided with the increase in the value of Bitcoin and other cryptocurrencies. On December 6, Bitcoin surpassed $100,000 for the first time. Deddy Lavid, co-founder and CEO of Cyvers, explained that the surge in hacker attacks was possible due to growing access control vulnerabilities at centralized exchanges and cryptocurrency custodians: “These incidents were often facilitated by compromised private keys and weak key management systems, exemplified by high-profile hacks such as multi-signature wallets,” Lavid said for...

The Reploy price soared 1,639% in the past 24 hours to trade at $1.2129 as of 01:34 a.m. EST on trading volume that surged to $8.51 million. RAI is based on Reploy AI, a crypto project that promises to transform how people build, deploy, and manage smart contracts in Web3 and comes as the first AI project on the Ethereum ecosystem. Reploy Price Could Still Soar The Reploy price chart Analysis on the 5-minute timeframe shows a significant upward price movement, followed by a period of consolidation. The price of Reploy surged from sub-$0.50 levels to over $1.60 in a strong parabolic rally, driven by increased trading volume. This sharp rally indicates heightened buying pressure. Currently, the RAI price is consolidating within an ascending triangle pattern, a bullish continuation pattern. The horizontal resistance level is around $1.60, with higher lows forming along the ascending trendline. This pattern suggests that buyers are steadily gaining control, and a breakout above the $...

The Dogecoin price fell 20% this week to $0.31. Markets dropped as Trump picked Katie Miller to run the Department of Government Efficiency (DOGE). This new role could change crypto rules and affect how prices move. Source: FX Leaders Also Read: Saylor Proposes $81 Trillion Bitcoin Reserve to Reinvent US Financial System How Market Volatility and Trump’s Appointment Could Impact Dogecoin’s Future Source: Coinpedia Latest Price Movements The Dogecoin price touched $0.267 Friday, which is the lowest in a month. Trader Tardigrade watched the Gaussian Channel, which helps spot price trends. “The fast rebound from the $0.267 low to $0.34 shows great buying interest at lower levels,” Tardigrade explains. Trump Picks New DOGE Leader Thank you @realDonaldTrump for your trust. Deeply honored to work for you at DOGE to make our government efficient and accountable. Let’s Make America Great Again! https://t.co/JYuvCEu6mp — Katie Miller (@katierosemiller) December 23, 2024 ...