🚀 Here’s why the crypto Altseason could start tomorrow

While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday.

This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high. Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X.

An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” analysis, given its market size and relevance.

In summary, trading experts and crypto investors expect mid-to-low-caps to outperform the leaders, better distributing the capital among all cryptocurrencies.

🔸 The altcoins season (altseason) is starting

On TechDev’s insight, the Bitcoin and crypto analyst pointed out a pattern that dates back to March 2017. According to him, the last two altseasons started after three consecutive weekly closes above the last Bitcoin weekly high.

This pattern is in play right now, with the third consecutive week to close tomorrow, Sunday night, starting on Monday. Therefore, this week could be a key period for what some experts are labeling “utility altcoins,” with high growth potential.

Notably, TechDev crossed over the Bitcoin Dominance Index (BTC.D) with Bitcoin’s weekly chart, illustrating the start of the altseason.

In this context, some altcoins have already started surging, leading the way for other cryptocurrencies. Solana (SOL), Ripple (XRP), Cardano (ADA), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Sui Network (SUI) are some of them, outperforming other projects in the past few days as money starts rotating from Bitcoin and Ethereum to lower caps.

#Altcoin #Altseason #Altcoins

💥 Here is How Much XRP You Need to Make $1M if XRP Hits $150, $258, $305 and $403

Individuals looking to make $1 million from XRP via ambitious price points in the triple-digit range require a modest initial investment.

XRP has recently renewed optimism among community members and steadfast holders that their millionaire dreams are still on course. Last week, XRP recaptured a three-month high of $0.6366, even momentarily emerging as the best performer among prominent crypto assets.

Notably, XRP regained $0.6366 in under two weeks after revisiting a 16-month low of $0.385, marking a growth of over 65%. This impressive growth has convinced XRP bulls that they are not missing the 2024/2025 bull season.

With widespread projections suggesting XRP’s likelihood for more than double-digit values, this article explores the number of tokens an investor must hold to attain a millionaire should XRP attain audacious prices of $150, $258, $305, and $403.

🔸 XRP Needed to Make $1M if XRP Hits $150, $258, $305 and $403

To make $1 million via XRP in the hypothetical scenario where its market value attains $150, one must have 6,667 tokens in his portfolio. With XRP trading at $0.5899 at press time, following a brief retracement, acquiring the portfolio costs $3,932.66.

Put differently, an investor stands to see their investments explode by over 253-fold should XRP attain $150.

Meanwhile, investors targeting to make $1 million from XRP at a price point of $258 require a significantly lower initial investment. Specifically, one needs to hold only 3,875 XRP, which costs $2,286 today, to generate a million at the $258 price.

Similarly, a crypto investor must purchase 3,279 XRP valued at $1,934 today to make $1 million when XRP attains $305. The $403 XRP price point demands the least initial capital commitment.

To make a million dollars at $403, one must purchase and hold only 2,481 XRP, which costs $1,463 today. Meanwhile, this investment would expand by 68,216% should the ambitious $403 price materialize.

$XRP #XRP #Ripple

💥 DWF Labs Fuels $GALA Price Surge with Strategic $1.04M Binance Deposit

DWF Labs, a crypto liquidity provider, recently deposited 20 million GALA tokens, valued at $1.04 million, to Binance. The contribution follows a 25% surge in the token’s price. This transaction, which occurred approximately 19 hours ago, is part of a broader strategy.

💬 DWF Labs (@DWFLabs) deposited 20M GALA ($1.04M) to Binance ~19 hours ago after the price jumped 25% yesterday.Notably, DWF Labs partnered with Gala Games in Sep 2023, receiving 60M GALA (then $1.45M). The market maker later withdrew 28.31M GALA from #Binance at $0.04247… — Spot On Chain (@spotonchain) December 4, 2024

The procedure includes both market-making efforts and partnerships with prominent blockchain projects. Spot On Chain, the real-time crypto trading platform, has witnessed the deposit through its official X account.

🔸 DWF Labs Maintains Strong GALA Holdings

The DWF Labs’ deposit follows a notable partnership between DWF Labs and Gala Games in September 2023. There, the market maker received 60 million GALA tokens, initially worth $1.45 million. As part of its market-making activities, DWF Labs has shown its continued involvement in the GALA ecosystem. In May 2024, it withdrew 28.31 million GALA, valued at approximately $1.2 million, from Binance. Despite these withdrawals, DWF Labs maintains a robust holding of 68.31 million $GALA, valued at $3.55 million.

🔸 Strategic Moves Strengthen DWF Labs’ Position in the Market

DWF Labs is actively involved in the #GALA market, especially during significant price movements. This role highlights its role as a key market maker. The crypto market maker strategically moves large amounts of tokens between exchanges and keeps a substantial stake. DWF Labs continues to play a central role in the liquidity of the GALA Market.

📊 Today’s Top Crypto Performers: Not XRP or ADA, These Three Coins Are Quietly Surging

The cryptocurrency market has been booming since Trump’s victory in the US elections. Bitcoin has reached $99k and is now approaching $100k. While many of the top 100 coins have seen some gains, only a few have been rallying strongly. While coins like XRP and ADA are up, Gala has been showing impressive performance.

The Sandbox (#SAND ) is up by more than 15 percent in the last 24 hours and is trading close to the $1 levels. Up by more than 45 percent in the last seven days, SAND hit a range high of $1.06 before hitting a reverse and is now retesting the $0.88 levels. SAND’s ATH sits at $8.44, which was achieved three years ago.

Gala (#GALA ) has also been quietly surging and is trading close to the $0.60 levels at the time of writing. Up by more than 11 percent in the last 24 hours, Gala has surged by 55 percent this week alone. The altcoin hit a high of $0.66 in the last 24 hours and is also nearing it’s ATH which sits just above the $0.83 level.

The Curve DAO (#Curve ) token is also rising and has shifted to the green zone. Curve Finance has seen a huge surge in both market cap and trading volume, now sitting at $1.3 billion with $1.66 billion in trading volume. The rally is driven by news of BlackRock partnering with Curve and Elixir to bring traditional financial assets into DeFi.

The price of Curve hit a major resistance level at $1.25, which is a key point to watch. If it breaks above this level, the next target could be $1.50. However, there might be some pullback before that happens. Overall, Curve is showing strong bullish momentum, and investors should keep an eye on these key price levels.

🚀 $HBAR Rockets Over 800% – Details

The native coin of #Hedera Hashgraph, HBAR, is the talk of the cryptocurrency market following an impressive price ascent. In a matter of four weeks, the coin reversed a bearish trend that had persisted for more than 1,000 days. With increased investor interest, experts are piling on the lofty price predictions, suggesting a rise in faith in this enterprise-grade public ledger.

The price of HBAR was $0.3173 at the time of writing. Even though the coin lost 10% in the last 24 hours, it did very well over the course of a week and a month. Notably, #HBAR has maintained a huge 801% rally over the last 30 days, which has made buyers very happy.

🔸 Aggressive Targets In The Bull Market

Experts have projected a hopeful $5 for HBAR as the bull market for cryptocurrencies keeps up. A more conservative $2.50 shows great growth potential if the market peaks in April 2025. This positive attitude is not founded in conjecture alone. Hedera is getting ready for major announcements including a new privacy layer that will let consumers construct private network instances while still linked to the public ledger.

Dr. Leemon Baird, co-founder of Hedera, believes that this privacy layer has the potential to change areas such as finance, healthcare, and supply chain management. Hedera addresses significant gaps in blockchain technology by providing organizations with a safe yet interoperable solution.

🔸 Ripple Partnership Boosts HBAR Adoption

Hedera’s increasing integration with blockchain-based payment systems is another motivator. The technology, via Dropp, plays an important part in the Federal Reserve’s FedNow system, allowing for rapid and safe transactions.

Moreover, its interaction with Ripple (XRP) proves it to be a strong rival in USD transaction handling. The likely certification of the RLUSD stablecoin by Ripple in December could help HBAR’s position in the payments ecosystem to be strengthened, therefore promoting acceptance in many sectors.

⭐️ Solana ETF Faces SEC Scrutiny as Approval Timeline is Announced

The U.S. Securities and Exchange Commission (SEC) is preparing to review several Solana-based ETF applications early next year. Sources have indicated that the regulatory body has accepted filings from four firms, with decisions expected by late January 2025.

🔸 Multiple Institutions File Solana ETF Proposals

Notably, VanEck, 21Shares, Canary, and Bitwise submitted their ETF applications on November 21, 2024. The SEC accepted the proposals on the same day, initiating a timeline under which it must provide initial decisions within 45 days.

Consequently, this timeline places the initial deadline for these filings on January 25, 2025. Additionally, Grayscale has applied to convert its Solana Trust Fund into an ETF, with its review deadline set for January 23, 2025.

Intriguingly, these applications fall under the SEC’s 19b-4 proposal framework, allowing issuers to list and trade securities on national exchanges while awaiting approval. The regulatory body has three options: approve, deny, or extend the review period. Historically, the SEC has leaned toward extending reviews, particularly with cryptocurrency-related proposals.

🔸 Signs of Growing Institutional Interest

Moreover, Solana’s prominence in ETF applications reflects increasing institutional interest in the blockchain. Besides the four firms proposing Solana-specific ETFs, entities such as Bitwise, Canary, and Wisdomtree are pursuing ETFs centered on XRP. Industry analysts view this as a sign of evolving institutional confidence in cryptocurrencies.

Additionally, Bloomberg ETF analyst James Seyffart noted optimism surrounding the SEC’s potential approval of Solana ETFs. He indicated that the likelihood of approval has increased, though it remains uncertain whether decisions will come promptly. These comments align with broader trends pointing to heightened regulatory clarity in crypto-related investments.

💬 Here's the current list of spot crypto ETF filings: — James Seyffart (@JSeyff)

#SOL #Solana

🚀 #Bitcoin Finally Shatters $100K Barrier After Decade-Long Journey: What’s Next?

Bitcoin, the world’s leading crypto asset, has finally crossed the $100,000 milestone after over a decade in the making. The rally that propelled Bitcoin to this landmark began on November 4, when it traded at $66,803. The following day, Americans elected pro-Bitcoin candidate Donald Trump as president, fueling the market’s momentum.

With Trump emerging victorious, the Bitcoin market quickly responded, reaching an intraday peak of $76,522 on November 6 and maintained its upward trajectory, ultimately breaching the $100K mark. This growth represents a massive 49.25% increase from its monthly low.

Considering that Bitcoin traded as low as $0.04865 on July 14, 2010, the leading crypto asset has appreciated by 205,549,745% in 14 years, making it one of the most profitable investments in recent decades.

Now valued at over $100K, it commands an unprecedented market cap of $2 trillion. This solidifies Bitcoin’s position as the seventh most valuable asset in the world, behind Google, Amazon, and Microsoft. At this valuation, Bitcoin is more valuable than Saudi Aramco, silver, and Facebook.

🔸 Crypto Community Celebrates Bitcoin’s Milestone

The news of Bitcoin’s $100K milestone was well received in the crypto community, with excitement taking to the streets as crypto enthusiasts celebrated. In fact, on November 13, Michael Saylor, chairman of MicroStrategy, a company that has invested $16.58 billion in Bitcoin, had even announced plans to organize a Bitcoin $100K Party to commemorate the achievement.

💬 Planning the #Bitcoin 100K Party— Michael Saylor⚡️ (@saylor) November 13, 2024

The significance of Bitcoin attaining $100K, after much anticipation, is widely felt across the broader crypto market, with many assets following similar paths of price discovery.

Bitcoin’s Path Beyond $100K 🚀

#BTC

🤔 Can $SOL Price Rally To $420 By Christmas?

Solana price surges with bullish momentum, fueled by institutional interest and technical indicators, targeting $420 by Christmas

Solana (SOL) price has experienced a remarkable surge, gaining 40% since early November. This growth reflects the broader market’s bullishness, highlighting SOL’s potential for further momentum. Analysts anticipate a breakout, with the cryptocurrency targeting $420 by Christmas amid consolidation trends. 

🔸 Analysts Predict #Solana Price To Hit $420 By Christmas

Crypto Analyst shared an X Post posting prediction for Solana. According to the expert, the analyst forecasts a significant rally for SOL, projecting a price target of $420 by Christmas.

The Solana price has sharply risen, hovering above the support level. This surge follows Grayscale Investments’ SEC filing to convert its Grayscale Solana Trust into a spot ETF. Other major asset managers, including VanEck, 21Shares, Canary Capital, and Bitwise Asset Management, have joined the spot Solana ETFs race, signaling increased institutional interest.

The SOL price is trading at $234, surging by over 3% in the past 24 hours. The cryptocurrency hit an intraday low of $216 before peaking at $240, reflecting heightened investor confidence and robust market demand.

The broader crypto market is also experiencing historic momentum. Bitcoin has surged to $96,000, nearing the $100,000 milestone, while Ethereum has climbed past $3,600. 

🔸 Will #SOL Price Hit $300 By Next Week?

The Solana price prediction action indicates a bullish trend. A breakout above $300 could fuel a significant upward trajectory toward $420, with $500 remaining a long-term target.

The technical indicators for Solana price reveal a potential rally in the near term. The Moving Average Convergence Divergence (MACD) indicator reflects a possible trend reversal. The MACD line recently crossed above the signal line, suggesting buying momentum is building. If sustained, this crossover could support a rally.

📊 $VET Hits 2-Year High of $0.07901, as Experts Set Timeline for Potential Surge to $0.1

VeChain (#VET ) continues to rank among the major beneficiaries of the ongoing bull rally, as its price hits a two-year high of $0.07901.

VET’s price has surged by over 250% in the past 30 days, reaching a two-year high of $0.07901 in the early hours of today.

The last time VET hit this target was over two years ago when its price soared to over $0.08 in April 2022. However, VET’s price plunged shortly after, leaving the token to trade below the $0.07 level for more than two years.

Interestingly, VeChain finally broke the resistance today, as it surged to $0.07901. Although VET has dropped below the $0.072 mark since it achieved the milestone, the token is still up 253% over the past 30 days, 69.48% in the last week, and 6.3% in 24 hours.

🔸 Reason Behind VeChain Surge

It bears mentioning that VeChain’s latest price surge coincides with the recent rally witnessed among large-cap altcoins. Assets like XRP, Cardano, Tron, and Dogecoin have recorded huge gains since November.

For instance, while XRP surged to $2.85 on December 1 for the first time since January 2018, Tron hit an all-time high (ATH) of $0.4407 yesterday.

Although VeChain did not set a new all-time high record like Tron, its price has surged more than threefold, from $0.01937 to a monthly high of $0.07901.

🔸 #VeChain Loses 27th Position in Global Crypto Ranking

The asset briefly flipped Cronos and POL to become the 27th-biggest cryptocurrency by market cap earlier today after it surged to $0.07901.

However, following its slight correction, it has dropped back to the 29th position in the global crypto ranking. At press time, VET boasts a market cap of $5.75 billion. Furthermore, VeChain’s volume has collapsed by 14.63% over the past 24 hours to $966.85 million.

⭐️ $IOTA News: Fair Launch, Real-World Adoption, and a $100M+ EVM Ecosystem

Once known as a network built only for the Internet of Things industry, IOTA has certainly evolved massively over the years. Today, it hosts dApps across most major sectors and is working with several local and international authorities to integrate blockchain into their operations. Founder Dominik Schiener has always insisted that this was the ultimate plan, and he now says he will release an update on the network’s progress.

While IoT was the first low-hanging fruit for IOTA, Dom envisioned a general-purpose blockchain network that would host applications targeting logistics, supply, health, governance, identity, and more.

In a June interview with CNF, he noted that tokenization is one of the biggest areas of focus for him and the entire IOTA Foundation.

“We believe it’s the silver bullet of cryptocurrencies. The ability to tokenize assets and make use of them in an immutable, self-determined fashion that does not require any middlemen is what’s missing in our current, highly digitized life. It also is the biggest untapped market,” he told CNF.

In a recent exchange on X, he doubled down on IOTA’s evolution beyond IoT, stating:

💬 Brother, IOTA is much bigger than just IoT in 2024. Should get an update on all the progress and new use cases being built on IOTA, with both EVM and (soon) Move. Just reached $100m in TVL and growing.

💬 Brother, IOTA is much bigger than just IoT in 2024. Should get an update on all the progress and new use cases being built on IOTA, with both EVM and (soon) Move.Just reached $100m in TVL and growing.— Dominik Schiener (@DomSchiener) December 4, 2024

🔸 Non-Stop Building: IOTA’s Eight-Year Journey

In another interaction, Dom marveled at IOTA’s journey since its launch in 2015. He was responding to a community member who had observed that six of the top ten cryptos by market value in the 2017-18 cycle were among the best performers in the past few weeks. They include XRP, Cardano’s ADA, TRON, and Stellar’s XLM.

#IOTA

⚡️ $PEPE eyes bounce amid whale accumulation

PEPE is seeing increased whale accumulation as price bounces near key level.
The meme coin could explode amid further buy-side pressure.

Pepe (PEPE) has recorded a notable increase in price amid bullish momentum. However, bulls could see another huge move as the surge in whale activity points to long term positioning.

Per market data, the meme coin’s holder composition had a net inflow of 580 billion PEPE and an outflow of 534 billion PEPE on Dec.3. As the market trends indicate Pepe whale accumulation, this outlook suggests a potential impact on price as buying pressure mounts.

🔸 #PEPE whale activity

According to Lookonchain, PEPE whales continue to accumulate the meme coin. This comes even as some long term holders take profits.

While a whale deposited 356.2 billion tokens worth $7.3 million to Kraken, recording a return profit of 31x, others have quickly gobbled up the meme coins from the market.

Over the last 20 days, one whale went on an accumulation spree. Per Lookonchain data shared on X, the whale withdrew about 337 billion Pepe tokens worth nearly $7 million at the time from Binance. This happened as PEPE price jumped alongside the broader meme market. The sector is one of the few that rode the “Trump trade” narrative to record notable upticks.

Whales continue to accumulate $PEPE !A whale has withdrawn 337.09B $PEPE ($6.92M) from #Binance in the past 20 days. — Lookonchain (@lookonchain) December 4, 2024

According to IntoTheBlock data, Pepe has seen a decline in the number of large transactions by 3% in the past week. However, the number of addresses in profit has increased to 83%, with those out of the money at only 1%. Holders at the money currently count at over 54.8k addresses, or 15.6% of total holders.

🔸 Pepe price eyes bullish flip

In terms of price, PEPE has maintained a consolidation range of $0.00001919 – $0.00002109 in the past 24 hours. The token’s value has jumped 14% in the past week, 152% in the past month and over 1,500% in the past year.

🔥 $HBAR Integrates with World’s First Crypto Automotive Marketplace CryptoAutos

CryptoAutos, the world’s first crypto-powered luxury car marketplace, integrated with Hedera Hashgraph (HBAR), marking a landmark development in the automotive marketplace.

With this integration, CryptoAutos is redefining the way users purchase high-end vehicles using cryptocurrencies.

🔸 Hedera’s Integration with CryptoAutos

The integration into CryptoAutos marks a significant upgrade to the platform’s capabilities. Hedera’s advanced blockchain technology offers near-zero transaction fees, secure settlements, and unmatched reliability, making it a perfect match for CryptoAutos. This integration enhances the platform’s user experience while providing a gateway to Hedera’s strong community, expanding CryptoAutos’ reach globally.

Hedera’s near-zero transaction fees and instant finality enable CryptoAutos to offer a seamless and secure payment experience for its users. The network’s reliability ensures smooth transaction execution, fostering trust and confidence among buyers and dealers.

“CryptoAutos, the world’s first crypto automotive marketplace, has officially integrated with Hedera. This unlocks new possibilities for secure, fast, and efficient transactions in the automotive world,” Hedera shared.

CryptoAutos provides a platform where users can explore and purchase luxury vehicles ranging from Ferraris and Porsches to Ford GTs. With over 20,000 cars available across 600 dealerships worldwide, the marketplace caters to a global audience.

Prospective buyers can easily find dealers near them or search for specific niche models, ensuring inclusivity and accessibility for customers in any location.

The platform allows users to purchase cars using Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and other cryptocurrencies. This streamlines the transaction process and bypasses traditional banking barriers.

#HBAR #Hedera

🪙 $XRP Price to Soar More? Legal Expert Breaks Down Why RLUSD Launch Will Fuel XRP Growth

Ripple is preparing to launch a new stablecoin, RLUSD, which is expected to be backed by the U.S. dollar. This new token is anticipated to receive regulatory approval from the New York Department of Financial Services (NYDFS) soon. The introduction of RLUSD could give Ripple a new way to offer liquidity to its On-Demand Liquidity (ODL) partners, boosting its working capital.

The stablecoin, RLUSD, is expected to play a key role in Ripple’s global payment solutions, helping improve liquidity and efficiency for partners using Ripple’s ODL service. The launch is being closely watched by the XRP Army, who are hopeful that this move will further drive the adoption of Ripple’s technology.

🔸 How Will RLUSD Affect #XRP ’s Value?

There is speculation around how the launch of RLUSD will affect the value of XRP. Pro-XRP lawyer Fred Rispoli shared his thoughts, explaining that any increase in the usage of a blockchain network can lead to an increase in the value of its native token.

He pointed to the example of Bitcoin, where the network’s value is driven by its usage, scarcity, and resistance to censorship. Rispoli said that the value of a blockchain is tied to its adoption and use, not just the supply cap, noting that increased network activity generally results in higher token value.

When asked for further clarification on why using the XRPL (Ripple’s ledger) would increase XRP’s value, Rispoli explained that the value of Bitcoin rises due to its use as a scarce and secure form of money. He also said that while the total supply of both Bitcoin and XRP could theoretically be changed in the future, the focus should remain on how the networks are used and the value that usage brings to the ecosystem.

#Ripple

🔺 Tron surges 80% in past day amid political unrest in South Korea

Tron ($TRX ) , the native token of Justin Sun's Tron network, rallied about 80% in the past day, fueled by multiple factors, including political chaos in South Korea, home to one of the largest and and most reactive retail cryptocurrency markets in the world.

TRX rose 78.4% to currently trade at $0.40. It once rose to a high of over $0.43 at around 11 p.m. on Tuesday. Just (JST) , the token for Tron-based DeFi protocols, jumped 50% to trade at $0.06.

Some on the social media platform X attributed Tron’s sudden rally to the chaos in South Korea that occurred overnight.

On Tuesday night, South Korean President Yoon Suk-yeol declared emergency martial law, a first in over 40 years. Martial law in South Korea refers to the imposition of direct military control over civilian government functions, typically in response to a significant threat to public order.

Yoon called off martial law five hours later after lawmakers present at the national parliament voted unanimously against the declaration.

“It seems that during martial law, all of crypto is moving out to foreign exchanges as south korean exchanges blew up,” X user @toy7594 wrote. “TRON is rallying.”

The two largest centralized exchanges in the country, Upbit and Bithumb, reported service suspensions lasting one to two hours due to a sharp uptick in activity.

“The recent rally in Tron (TRX) appears to be partly driven by political instability in South Korea,” said Rachael Lucas, crypto analyst at BTC Markets. “TRX’s role as a widely used transfer token between exchanges, especially in South Korea, makes it a tool for traders looking to move funds across platforms quickly.”

Lucas said trading restrictions on Upbit, which at times owns over 80% of the country’s spot trade volume, could drive traders to look for alternative solutions for transferring assets, thereby increasing TRX's trading volume.

#TRX #Tron

⭐️ Cardano’s #ADA Surges 12% Amid ETF Buzz and $3 Price Optimism

Cardano’s price surged 12.12% to $1.20, with trading volume increasing by 343.08% and market capitalization reaching $42.05 billion.

Key support levels at $1.05 and $1.07 bolstered Cardano’s upward momentum, while $1.22 emerged as a significant resistance point.

Technical indicators show bullish momentum for Cardano, with RSI at 61.39 and MACD above the signal line, signaling strong buyer interest.

#Cardano (ADA) has experienced notable growth, capturing the attention of traders and analysts alike. Its price reached $1.20, marking a 12.12% increase within 24 hours. This uptick comes alongside a surge in trading volume, which rose by an impressive 343.08%. These developments point to heightened market activity and growing investor interest in the cryptocurrency.

💬 SO. FAST. — Derp Birds (@TheDerpBirds) December 2, 2024

🔸 Strong Support Levels Anchor Cardano’s Momentum

Notably, the cryptocurrency has solidified critical support levels, further strengthening its upward trajectory. The $1.05 level has consistently acted as a rebound point, preventing significant declines.

Additionally, $1.07 served as an intermediate support level during minor dips. This stability has provided ADA with a strong foundation to maintain its bullish momentum.

On the resistance front, $1.22 emerged as a key barrier after the cryptocurrency retraced slightly from this level. The $1.18 level also acted as a minor resistance point, temporarily pausing the upward momentum. However, ADA’s ability to challenge these resistance levels underscores its growing strength in the market.

🔸 Momentum Indicators Signal Positive Trends

Moreover, technical indicators further reinforce Cardano’s bullish outlook. The 1-hour Relative Strength Index (RSI) stands at 61.39, suggesting ADA is nearing overbought territory. This indicates strong buyer interest in the short term. Moreover, the Moving Average Convergence Divergence (MACD) remains above the signal line, highlighting positive momentum.

🔥 Fantom ($FTM ) Price Surges as Whale Accumulation Intensifies

Fantom (FTM) is drawing significant attention as one of the day’s top gainers, with its value surging 133.04% over the past 30 days. This impressive growth is supported by a strengthening trend, as indicated by the ADX climbing sharply to 35.6, signaling strong momentum behind the uptrend.

The increasing accumulation by whales, with large holders rising from 69 to 79 since November 25, further shows the growing confidence in FTM’s potential.

🔸 Fantom Current Trend Is Strong

The ADX for Fantom has risen to 35.6, up from 28 the previous day, indicating a strengthening trend in the market. The increase suggests that the momentum behind FTM’s price action is growing, and the trend is becoming more established.

This upward movement in ADX reflects heightened market participation and conviction, reinforcing the idea that FTM is in a decisive phase of trending activity, likely upward based on recent price behavior.

The ADX measures the strength of a trend, with readings above 25 signaling a strong trend. At 35.6, FTM’s ADX confirms a strong trend, providing strong evidence that the current uptrend has significant momentum.

This level of ADX suggests the trend is well-established and also likely to continue, making it an important signal for traders looking to capitalize on sustained price movement.

🔸 Whales Are Steadily Accumulating FTM

The number of FTM whales has increased from 69 on November 25 to 79, reflecting a notable rise in large holders. This growth suggests increased interest and accumulation by entities with significant purchasing power.

Such a trend in whale activity is typically a bullish signal, as large holders can influence the market.

Tracking whales is important because these large holders often have the resources and insights to shape market trends. An increase in whales generally indicates accumulation, which can reduce selling pressure and create a foundation for price growth.

#FTM #Fantom

📈 $IOTA Price Is Surging: Can It Copy XRP And Hit $1?

Explore why the IOTA price went parabolic as the Rebase voting started and whether it can mirror XRP to hit $1

On December 3, Tuesday, IOTA price surged 60% on the back of a crucial network update. This massive rally is in line with the veterans like Ripple (XRP) and Stellar Lumens (XLM). With a huge spike in momentum, will IOTA copy XRP and hit $1 in the near future? 

🔸 Why is IOTA Price Rallyin Today?

The IOTA token jumped to $0.5427, its highest level since May 2022. It is in its fifth consecutive week of gains, its longest winning trend since 2020. 

This surge happened after the developers initiated a crucial vote for the upcoming Rebased upgrade. If this vote goes through, as most analysts expect, it will be a new beginning for IOTA, a network that has struggled to gain traction in the past few years. 

Rebased introduces move smart contracts to IOTA, making it a better-distributed ledger network for developers to build applications. It also aims to have lightning fast speeds with up to 50,000 in transactions per second. If this is correct, IOTA will now become faster than popular blockchains like Ethereum and Solana.

Most importantly, for crypto investors, IOTA stakers will now earn between 10% and 15% APY for helping to secure the network. 

By launching Rebased, the IOTA Foundation hopes that the network will attract more developers in areas like Decentralized Finance (DeFi), gaming, and NFTs.

🔸 #IOTA Technical Analysis: Could It Jump To $1?

The IOTA price has formed strong technicals, pointing to more gains ahead. On the weekly chart, the coin has been in a consolidation mode for over two years. In this period, it struggled to move below the key support at $0.1341, where it formed a triple-bottom pattern whose neckline was at $0.4143.

A triple-bottom happens when an asset fails to drop below a certain price three times, signaling that bears are afraid of shorting it below it. In most periods, such a bottom is a highly popular reversal pattern. 

📊 33.7 Trillion Shiba Inu ($SHIB ) Incoming in Next 24 Hours

Due to on-chain data showing a possible influx of 33.7 trillion SHIB in the next 24 hours, Shiba Inu is getting ready for volatility. The price performance of the token and the general dynamics of the market may be significantly impacted by this enormous activity.

Technically speaking, the price chart indicates that SHIB has run into resistance at the $0.000031 level. The token has dropped 1.7% in the last day, indicating that selling pressure is increasing following its most recent surge. The levels of $0.000027 and $0.000025 are important supports, where SHIB might see buying interest to steady its position. More volatility might be triggered by the prospective inflow of 33.07 trillion SHIB.

Whale movements, or significant exchange transactions, may be connected to this activity, which could indicate either substantial accumulation or possible sell-offs. Since the RSI indicator is hovering around neutral levels, both upward and downward movement are possible.

However, the volume of transactions and community involvement for Shiba Inu continue to be strong. The majority of SHIB holders, according to data from profitability metrics, might be reluctant to increase the size of their holdings, until the token shows more obvious indications of upward momentum.

Market psychology explains the relationship between the incoming supply of SHIB and its price performance. Large supply inflows usually cause dilution worries, which could result in temporary price drops. It might be a bullish indications, though, if whales take advantage of this influx to build up.

#SHIB #Shibainu

⭐️ $EOS Market Cap Exceeds $1.70 Billion for the First Time in Two Years

EOS, the native token of the open-source blockchain EOS Network, has seen its market cap soar to $1.74 billion, marking its highest level since November 2022. This milestone follows an impressive 165% price surge over the past 30 days, catching many market observers off guard.

With EOS still 95% below its all-time high, investors are questioning whether this rally has more room to run. This on-chain analysis explores the potential for further gains.

🔸 #EOS Sees Growth in Key Areas

On November 4, the price of EOS was $0.42. However, as of this writing, it has risen to $1.12, indicating that the altcoin experienced an increase in demand over the past few weeks. While the project did not have any major development driving the rally, it appears that the rising interest in relatively old coins played a role in the hike.

Following the development, EOS’ market cap soared to $1.74 billion. Market cap is the product of price and circulating supply. Therefore, the rise in the metric is linked to the 165% price increase, especially as the project did not recently unlock any token to its 1.53 billion circulating supply.

When the OI increases, it means that more liquidity has entered the derivatives market, indicating an increase in buying pressure for the cryptocurrency. On the other hand, if the OI decreases, it means that traders are increasingly closing their positions.

🔸 EOS Price Prediction: Higher Levels On the Table

On the daily EOS/USD chart, the Awesome Oscillator (AO) reading has increased. The AO is a momentum indicator that measures the strength of recent market movements relative to historical trends, helping traders identify potential shifts in market momentum.

When the reading is positive, it means that momentum is bullish. On the other hand, if the reading is negative, the momentum is bearish. In EOS case, the positive reading, which also shows a green histogram bar, indicates that momentum is bullish.