However, some traders have turned their attention to two altcoins that have shown an upward trend despite the negative market sentiment. Story and HYPE have attracted investor interest, showcasing remarkable performance over the past 24 hours, creating new opportunities amidst the overall market decline. Remarkable Rise of Story and HYPE Coins As sharp declines hit the cryptocurrency market, the value of the Story project increased by approximately 40%. This surge indicates that Story is outperforming the broader market significantly.Another asset garnering investor interest is HYPE. This token, associated with Hyperliquid, saw a 15% increase in value. Notably, the open positions in futures markets surged by 52%, reaching $162 million, demonstrating robust buying pressure on this altcoin.
Story Protocol and Hyperliquidâs Growing Trading Volume The Story Protocol allows for the tokenization of art, music, and AI-supported content. Users gain full ownership rights over these assets, enhancing its significance in the market by presenting new revenue models for digital content creators. Aria Protocol, part of the Story ecosystem, recently announced its acquisition of certain rights to the song âThe Truth Untoldâ by a Korean music group. This development hints at the potential for wider adoption of tokenization models in the music industry.
Meanwhile, the Hyperliquid exchange recorded trading volumes of $190 billion in January and $167 billion in February. These high volumes enable the exchange to repurchase tokens from the market using the revenue generated. It reported approximately $40 million in earnings throughout February, with $3.5 million generated in a single day. Such substantial volumes create continuous buying pressure on HYPE.
Despite the significant fluctuations in the cryptocurrency market, certain projects continue to attract investor attention. Story and HYPE have successfully entered investorsâ radars with their impressive performances amid market
The U.S. Securities and Exchange Commission (SEC) is set to hold a closed meeting this Thursday, reigniting discussions around XRP and its associated investment products. This meetingâs agenda includes critical examinations of issues related to XRP, reflecting the ongoing interest and uncertainty Meeting and Regulatory Scrutiny During the closed meeting scheduled for February 27, 2025, the SEC will address matters concerning XRP investment products. A proposal from Cboe to list and allow trading of an XRP fund is also expected to be discussed. Given the new administrationâs stance on cryptocurrencies, there may be a chance for favorable news. However, the SECâs gradual approach might require waiting for Paul Atkinsâ official appointment before making significant moves.
Grayscaleâs XRP Review In January 2025, Grayscale Investments submitted a request to convert its $16 million XRP trust into an investment fund. This process is subject to a 240-day review period by the SEC, with a decision anticipated by October 18, 2025. The timing aligns with key Additionally, the ongoing legal proceedings involving Ripple $2 and prior settlements with entities like Robinhood, Coinbase, and Uniswap have led to varied interpretations among investors. The legal complexities have resulted in differing expert opinions and predictions. Details revealed after the SEC meeting may significantly impact both the fund approval process and ongoing legal matters concerning Ripple. Monitoring the progression of regulatory actions and market reactions will be crucial for investors.
Dogecoin Soars as Whales Make Big Moves in the Market
The market witnessed a significant surge in Dogecoin $0.240172 trading volume. Data closely monitored by market observers highlighted that whales purchased 110 million DOGE tokens in just two days, drawing attention to this massive buying activity. Whale Transactions and Support Levels Market analysts indicate that the heavy buying by whales occurred around the 0.25 dollar mark. This price level is considered a crucial support zone by traders. Such transactions have increased expectations regarding Dogecoinâs potential gains in the future. ETF Expectations and Market Optimism Additionally, positive signals regarding an ETF application from U.S. regulatory bodies have boosted investor confidence. The market shows a tendency for traders to evaluate price dips periodically, supporting the likelihood of future price recoveries.
In the last 24 hours, DOGE rose to 0.2564 dollars, fluctuating between 0.2505 and 0.2576 dollars. This volatility reflects the uncertainty in the market and the influence of technical factors. Traders are now watching for potential recovery signals following this movement. Market predictions based on Dogecoinâs technical formations suggest a bullish outlook. Overall, the increase in trading volume and the optimism surrounding the ETF announcement may prompt traders to reassess their buying strategies.
Current data supports the volatile nature of the cryptocurrency market, providing critical indicators in terms of technical analysis and trading volume. As investors closely monitor developments, they consider existing support levels and technical formations in their strategies.
Sonic Coinâs Impressive Surge Sonic has experienced a remarkable increase, rising from $0.359 to $0.8615, marking an approximate 140% gain. The analyst highlighted the coinâs previous high levels, indicating that positive market activities are likely to continue supporting Sonicâs growth. Acknowledging Sonicâs current status among robust mid-tier cryptocurrencies, Sherpa reminded followers that it had nearly reached $4 during the last cycle. Bitcoin and Other Altcoin Developments The analyst noted that Bitcoin $95,938 is still trading within a specific price range, yet changes may be on the horizon. Additionally, long-term optimism was expressed for other altcoins, such as AI-focused ARC and the DeFi platform OM. While ARC saw approximately a 30% increase, OM maintained a steadier pace with about a 5% gain. However, later in the day, a sharp decline in Bitcoin prices significantly affected the value of altcoins. Market volatility was triggered by a hacking incident at the ByBit exchange, compounded by disappointing economic data impacting US stock markets. Despite these negative developments, which are not expected to have lasting effects, optimism surrounding the SECâs potential dismissal of the Coinbase lawsuit has been dampened. It is advisable for market participants to closely monitor developments in the altcoin and Bitcoin markets, assessing the progress of technological innovations and projects as important indicators for effectively managing risks.
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Supported by Argentine President Javier Milei, the LIBRA token quickly gained attention in the market. Initially, demand surged, pushing the price to record highs; however, it experienced a sudden drop of 90%. While the project aims to support small businesses, speculative trading has led to significant losses for participants. The Tokenâs Rise and Sudden Decline Introduced as part of the Viva La Libertad Project, the token saw rapid growth following Mileiâs endorsement. Although the price reached $4.5 in a short time, the withdrawal of large amounts of liquidity by developers and insider trading caused a sharp decline in its value. Analysts highlight the speculative nature of the market. Insider Trading and Political Developments Data indicates that investors controlling a large portion of the tokenâs supply created fear in the market due to liquidity withdrawal. Comments suggested that the underlying structure of the token and insider trading were responsible for investorsâ losses. Mileiâs recent statements brought attention to the political aspects of the situation. Initially, Milei claimed the token would benefit the Argentine economy, but later he expressed unfamiliarity with the project details. Consequently, he retracted his previous support statement Warnings indicate similar speculative movements in other projects. Investors are advised to exercise caution in trading, leading to increased concern among participants.
The situation has prompted investors to reassess risks and has initiated a review by market regulators. This incident demonstrates that statements from influential figures can significantly impact the market.
Cryptocurrency Market Recovery According to the analyses, this monthâs downturn is notable, reflecting the lowest 365-day performance recorded since mid-2024. The recent recovery in asset performances may signal a positive turnaround in the near future. Bitcoin as a Safe Haven Additionally, it has been observed that Bitcoinâs inverse correlation with the US dollar index has weakened. While some consider Bitcoin $0.000051 a gold-like safe haven, its short-term performance does not align with goldâs. The TOTAL2 chart measures the market value of assets excluding Bitcoin and stablecoins, currently hovering around $1.24 trillion. This indicator offers reversal signals in the daily time frame. An increase in the use of blockchain technology has been noted, alongside a significant rise in the daily active addresses of smart contract platforms, suggesting a long-term upward trend despite short-term fluctuations.
Solana $201, a competitor to Ethereum $2,670, experienced a remarkable increase in total value locked (TVL) by the end of Q4 2024. According to Messariâs report titled âState of Solana Q4 2024,â the TVL surged to $8.6 billion, reflecting a 64% rise compared to the previous quarter and an astounding 486% increase year-on-year. This milestone positions Solana significantly among blockchain platforms. TVL Growth and Comparisons The report highlights key indicators related to the growth of Solanaâs TVL. TVL represents the total value of cryptocurrencies locked within smart contracts on the network. This growth is particularly noteworthy as Solana has surpassed other platforms, such as Tron, securing the second position. Following the FTX collapse, TVL had plummeted to several hundred million dollars. Raydium, a prominent player in the Solana ecosystem, has emerged as the largest decentralized exchange, witnessing an 86% quarter-over-quarter growth in its TVL. The platformâs market share has reached 24%, indicating an increase in trading volume and user interest.
Sectorial Impacts and Liquid Staking The report states that the growth in Solana extends beyond just TVL, generating positive impacts across various sectors. In DeFi, lending and decentralized exchange transactions have surged, with a 33% rise in liquid staking observed during the quarter. This suggests a strengthening of the SOL The Q4 2024 data for Solana signals diversified developments within its ecosystem. The insights provided in the report can assist those interested in blockchain technology to evaluate growth opportunities across various sectors. The developments appear noteworthy for individuals aiming to adapt to changes in the technology and finance sectors. Mini House ...
The memecoin category over the weekend. New tokens launched on various chains have caught attention, particularly supported by updates from BNB Chain and Binance. Additionally, the Central African Republic announced a memecoin named CAR as part of its national development goals. New Token Activity on BNB Chain and Binance The launch of the BNB Chain-based TST token has generated considerable excitement within the crypto community. The rapid rise of TST began with a tutorial video created by the community, leading to a substantial increase in its value. The token gained even more popularity through comments from Binance founder Changpeng Zhao. Zhao shared his thoughts on memecoin culture via social media. Following his statements, TST token was listed on the Binance platform, significantly expanding its liquidity and accessibility. This development presents new opportunities and risks for traders.
David Portnoy and CAR Memecoin Developments David Portnoy, founder of Barstool Sports, entered the memecoin market with a token named âMontoya por favor.â This initial token quickly reached a market value of 14 million dollars, but its swift ascent was followed by a sharp decline within hours. Portnoy cautioned investors about the associated risks while hinting at a new token project Meanwhile, the CAR memecoin launched by the Central African Republic aims to support national development. The market value of the CAR token reached about a quarter of the countryâs Gross Domestic Product (GDP). However, there are speculations regarding the tokenâs official ties and authenticity, as users remain skeptical about whether it is government-backed despite Solana $206-based Jupiter verifying its distribution.
The sudden drops following tokensâ short-term surges are prompting investors to be more cautious with risk management. For those tracking these rapid changes, adopting a prudent approach is crucial.
The beloved memecoin, Dogecoin $0.269709 (DOGE), is back in focus due to technical indicators and ETF rumors. After months of consolidation, experts suggest that Dogecoin is poised for a significant price increase. Meanwhile, Floki Coin is grappling with severe declines, prompting investors to adopt a cautious outlook for the future. The excitement surrounding Grayscaleâs Dogecoin ETF application adds to the anticipation, with historical examples of ETF approvals positively impacting prices, fueling speculation that DOGE could set new records. On the other hand, FLOKI has fallen to its lowest levels since August, raising concerns among investors. Dogecoin Comments and Analysis Technical analyst Daniel Ramsay announced that DOGE has broken through a âCup and Handleâ formation on its monthly chart, signaling potential long-term upward trends. Additionally, the formation of the âThree White Soldiersâ candlestick pattern indicates that buyers have taken control. Ramsay emphasizes that while support levels may be tested in the short term, the overall outlook remains positive.
Grayscale Takes Bold Step with XRP ETF Application on NYSE
Grayscale, an asset management company, has officially applied to launch a Spot XRP ETF on the New York Stock Exchange (NYSE). This initiative is seen as part of Grayscaleâs strategy to expand its diversified ETF portfolio within XRP ETF Application Details Grayscale plans to file Form 19b-4 through the NYSE for its XRP ETF proposal. The company aims to convert its existing XRP Trust into an ETF, which, if approved, will be listed and traded on the NYSE. This application follows closely behind Grayscaleâs recent submission for a Litecoin ETF to the U.S. Securities and Exchange Commission (SEC). The company has also recently proposed ETFs for Solana $240 and Bitcoin $104,785 Adapters.
Market Developments The increasing popularity of ETFs in the cryptocurrency market presents various investment opportunities for participants. Grayscaleâs new actions are viewed as a positive sign for the marketâs growth potential. These applications may accelerate the integration of crypto assets into traditional financial markets, providing investors with more options and flexibility. the XRP ETF is approved, there may be an increase in the number of investors trading on Grayscaleâs platform, potentially strengthening the companyâs market position.
Observers note that Grayscaleâs steps could enhance confidence in the cryptocurrency market. Additionally, advancements in regulatory approval processes may positively influence the industry.
Grayscaleâs ETF applications could contribute to the growth of the cryptocurrency market. Providing increased diversity and accessibility for investors may assist in the marketâs maturation.
Elon Muskâs social media platform X plans to introduce a new digital payment feature this year in collaboration with Visa. This partnership aligns with Xâs goal of becoming an âeverything app,â while also increasing speculation regarding the integration of cryptocurrencies like Dogecoin $0.323913. Muskâs previous support for Dogecoin and recent developments around X Money have heightened optimism about the meme coinâs potential role in the payment ecosystem. X Money: Digital Payment System Linda Yaccarino, CEO of the X platform, stated that X Money will be a digital payment system powered by Visa Direct. X Money will allow instant funding of digital wallets and enable one-on-one transactions using bank cards. Yaccarino characterized X Money as an âeverything appâ aimed at simplifying financial transactions.
đ Bitcoin has rocketed past 109k, smashing ATHs! Where's it going next? Drop your prediction for this week's $BTC closing price in the comments of this post đ đThe top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2025-01-20 07:30 to 2025-01-26 20:00 (UTC) âŒïžEnsure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry. Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-26 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-26 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of same predictions by multiple users, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 14 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelinesor Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
Ripple CEO Hints at XRPâs Role in Americaâs Crypto Reserve
As Donald Trump continues to discuss the creation of a Bitcoin $105,077 reserve, Ripple $3 CEO Brad Garlinghouse has indicated the potential for the XRP token to be accumulated in the United States. This statement may enhance the adoption of the Ripple token and positively impact the price of XRP. The Possibility of Including XRP in Americaâs Crypto Reserve Garlinghouse emphasized the importance of clarity regarding regulations and mentioned that the Ripple team has been lobbying through meetings with Trump. These efforts are believed to contribute to Trumpâs potential shift from Bitcoin to accumulating digital assets. Potential for XRP Price to Reach $100 Some experts suggest that with increased adoption, XRP could reach a price target of $100. However, they note that achieving this goal under current market conditions is challenging. The significant role of technical support levels and the possibility of price increases due to market capitalization growth have been highlighted.
Garlinghouseâs comments indicate that Ripple shares the same mission as the broader crypto community, increasing the likelihood of a strategic crypto reserve formation. These efforts align with policies that support American technology and businesses.
Some experts raise concerns regarding Rippleâs donations to political parties, suggesting it could hinder XRPâs role in any Bitcoin reserve. However, Garlinghouse rejected these claims, emphasizing Rippleâs goal to collaborate with the entire crypto community.
Despite the demand for XRP, it is currently trading within a consolidation range at $3.14. Ongoing discussions about XRP reserves and rising demand could potentially elevate the tokenâs price.
Investors should consider that regulatory uncertainties and other factors may influence XRPâs future outlook. If Rippleâs lobbying efforts are successful,
The largest meme coin by market capitalization remains Dogecoin $0.368855 (DOGE), but it has recently been challenged. As of the time this article was prepared, the price of BTC had dipped below $104,000, yet TRUMP Coin Takes the Spotlight Launched by newly elected U.S. President Donald Trump, the meme coin OFFICIAL TRUMP (TRUMP) has become the 17th largest cryptocurrency by market value. With a market capitalization of $12.88 billion, it has surpassed Shiba Coin, which is the second largest meme coin. For TRUMP Coin to exceed Dogecoin, it requires a further increase of 430%. As this article was being written, Shiba Coin experienced an 8% drop, while DOGE fell by 8.6%. Aside from SOL Coin and TRUMP Coin, few cryptocurrencies are currently making their investors happy. Should this liquidity return to altcoins, a rapid uptick could begin; however, for now, many investors are selling their holdings, including BTC, to buy TRUMP Coin. Almost 10% of daily trading volume has concentrated on TRUMP Coin alone.
Market Insights: Weekend Price Predictions for CHZ, CEEK, LUNA, and FLOKI Coins
This week witnessed new lows for altcoins as the weekend approached alongside Donald Trumpâs official inauguration. As January 20 nears, the identities of key figures in crypto institutions have become clear, with Trump fulfilling his promise to appoint crypto-friendly individuals. The next step involves Senate approvals. What are the current predictions for CHZ, CEEK, LUNA, and FLOKI Coins? Chiliz (CHZ) and CEEK Coin Analysis Socios, the largest initiative in the fan token space, has launched its own network, Chiliz. Significant strides have been made in development despite ongoing bear markets. However, technological advances and growth do not always correlate with price increases. CHZ Coin is expected to perform well in the first quarter, thanks to league activities, but is still struggling below parallel channel resistance. BTC price continues to rise and CHZ Coin recovers to $0.0856, it may reach peaks of $0.098 and beyond this weekend. Conversely, there remains a possibility of a drop to the support level at $0.072.CEEK Coinâs price is currently just above the support level of $0.03244. In potential speculative rallies, we could see upper wicks extending to $0.04020. However, the long-term risks of CEEK Coin have already been extensively discussed. Following a downturn, a loss series extending to $0.02701 is possibleFuture Predictions for LUNA and FLOKI Coins The sentencing of Do Kwon is expected in the first half of 2026. The founder of Terra (LUNA) caused losses exceeding $40 billion due to dubious practices and flawed algorithmic stablecoin designs. The U.S. court estimates over one million victims, and with many key figures under scrutiny, LUNA Coinâs future has been in jeopardy for some time.
Volatility for LUNA Coin may persist, and the upcoming penal decision in 2026 suggests it could remain in exchanges as long as market volumes support it. FLOKI Coin, trading around $0.00016304, is striving to maintain a critical support level.