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Key Altcoin Breakouts of the Week

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1 month ago

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This week signified a significant achievement in the history of cryptocurrency. Bitcoin price reached a new all-time high $93,434.36 on November 13, boosting the global crypto market value to $3.11 trillion, exceeding the GDP of Italy, Canada, and Brazil. The excitement spread to other cryptocurrencies besides Bitcoin, as U.S. Bitcoin ETFs experienced record-breaking $5 billion in trading volume, with BlackRock’s ETF accounting for $3 billion of that total. During this period of strong positive momentum, some altcoins showcased impressive results, indicating they could significantly impact the market. This article focuses on Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and a newcomer, Minotaurus (MTAUR). They are attracting the market’s interest as best cryptos to buy in this bull run.

Altcoins Surging in the Bull Run

1. Dogecoin (DOGE): Meme King Roars at the Bull Run

Dogecoin reclaimed its spotlight with an explosive 90% surge this week. The rally propelled DOGE price to $0.44 before correcting slightly to $0.3747 , with resistance currently set at $0.4. If buyers maintain their momentum, the next targets are $0.5 and potentially the all-time high of $0.74.

DOGE’s resurgence underscores the enduring appeal of meme coins, particularly as market participants shift their focus toward this category during the bull run.

Dogecoin price chartDogecoin price chart

2. Cardano (ADA): Steady Climb Towards $1

Cardano continued its November rally, closing the week with a robust 74.26% increase. ADA has been trading just shy of the $0.6 resistance, but seems to have challenged this level. The breakout has paved way for $0.7677, a value last seen in eight months ago.

Though trading volume has slightly tapered off, ADA’s bullish sentiment remains intact. The cryptocurrency’s long-term potential is underlined by its all-time high of $3.10, positioning it as one of the potential altcoins to buy in this bull run.

3. Minotaurus (MTAUR): The Rising Star of Blockchain Gaming

Moving on, Minotaurus (MTAUR) is turning heads with its innovative approach to blockchain gaming. Having surpassed the 100,000 USDT presale milestone, MTAUR is priced at 0.00005982 USDT—offering a 70% markdown from its expected listing price of 0.00020 USDT. Early participants have already seen significant growth, and with its in-game utility, the token stands out among other gaming tokens

MTAUR powers key game features, including avatar customization, special zones, and power-ups. Designed for sustainability, the project incorporates a robust tokenomics structure featuring a cliff and vesting system. Its appeal lies in its simplicity and strategic gameplay, capturing attention in the $15 billion casual gaming market.

Minotaurus (MTAUR) TokenomicsMinotaurus (MTAUR) Tokenomics

The token’s smart contract audits by SolidProof and Coinsult provide additional confidence, while community-centric incentives like referral programs bolster engagement. With its presale momentum and a growing fanbase, Minotaurus is one to keep on your radar this bull run.

4. Sui (SUI): Breaking Records

Sui entered uncharted territory this week, surging 69.03% to hit an all-time high of $3.91. This breakout propelled SUI into price discovery mode, a rare and bullish event.

Buyers are eyeing targets of $4.1 and $5.2 for SUI rice. Support remains robust around $3, ensuring a strong base for future rallies. As one of the few altcoins to set new records this cycle, SUI has cemented itself as a standout performer.

5. Ripple (XRP): Testing the $1 Waters

Ripple is not left out of the bull run, as it has had an extremely impressive trajectory this week. XRP price is having crossed the $1 mark, with a 89.4% surge. After surpassing important resistance points, the currency is currently stabilizing around $1.05.

XRP price chartXRP price chart

The Ripple token has overcome the $1 milestone challenge  it last reached in 2021. This successful breach may lead to reaching even higher levels, potentially returning to the $2 range. Amid increasing positivity and acceleration, XRP remains a symbol of resilience in the current bullish market.

6. Shiba Inu (SHIB): Momentum Builds for the Dogecoin Rival

Shiba Inu imitated DOGE’s positive trend and achieved a 29% increase in value over the course of one week. SHIB is currently stabilizing around $0.000025 following a quick increase, with a floor at about $0.000025.. If the resistance is breached, the subsequent goals are $0.000030 and $0.000045, levels similar to those seen eight months ago.

An impressive rise in trading activity reinforces SHIB’s positive outlook, positioning it as one of the most popular meme coins to buy.

Final Thoughts: A Bull Run for the Ages

The cryptocurrency market is driven by Bitcoin’s impressive growth and a surge of altcoin successes. Ripple, Cardano, Dogecoin, Shiba Inu, Sui, and Minotaurus showcase the variety and potential available in the current market phase. With the global market cap reaching record levels and increased institutional interest, altcoins are in the spotlight. These tokens are leading the way towards a potentially bull run year in cryptocurrency. You may want to see top crypto performers of the week.

Frequently Asked Questions (FAQs)

The recent surge in Bitcoin’s price, reaching an all-time high, has fueled optimism in the broader crypto market, leading to impressive breakouts in altcoins like Ripple, Cardano, and Dogecoin.

Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and SUI have all experienced significant price movements, with Ripple nearing $1 and Dogecoin up by 90% in the past week.

Minotaurus is a new blockchain game token with strong fundamentals and exciting in-game utility. Its presale has seen a 70% reduction from its listing price, attracting growing interest from the crypto community.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Below $97K, SOL Drops 7%, WIF Falls 13%

Published

2 days ago

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December 22, 2024

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Crypto prices today are showing bearish momentum as Bitcoin (BTC) dropped below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility. Major altcoins followed the downtrend, with Ethereum (ETH) down 4% and Solana (SOL) dropping 7% in the last 24 hours. dogwifhad (WIF) became the worst performer, losing 13% in the same period.

The global crypto market capitalization fell by approximately 2%, now at $3.34 trillion. Trading volume also dropped significantly and down by 44% to $170 billion. The Fear and Greed Index currently reads 59, indicating a neutral market sentiment despite the recent declines.

Crypto Prices Today: BTC Slumps, ETH, SOL, and XRP See Significant Declines

BTC price saw a sharp decline this week, falling below $97K. XRP dropped by 3%, while Solana (SOL) emerged as the worst performer in the top 10 coins. Meme coins also followed Bitcoin’s bearish path, with losses ranging from 3% to 5%.

Bitcoin Price Today

BTC price was trading at $96,760, showing a decrease of approximately 1% in the last 24 hours. Its 24-hour low and high were $96,457 and $99,538, respectively. The market capitalization stands at $1.91 trillion, with $50 billion in trading volume, and Bitcoin’s market dominance is at 57.60%. Despite the recent drop, Bitcoin ETFs saw an inflow of $449 million this week, according to SoSo Value.

In a significant development, Senator Cynthia Lummis confirmed that the U.S. will hold a strategic Bitcoin reserve for at least 20 years as part of efforts to reduce the national debt. This move is expected to have long-term implications for both the market and Bitcoin’s role in global finance.

Ethereum Price Today

ETH price was trading at $3,321, marking a 4% drop in the last 24 hours. Its 24-hour low and high were $3,294 and $3,554, respectively. The market capitalization stands at $400 billion, with $30 billion in trading volume. Ethereum ETFs saw an inflow of $62 million over the past week. Crypto analyst Justin Bennett has also shared insights on how low Ethereum’s price could go by the end of December.

XRP Price Today

XRP price was trading at $2.20, down 3% in the last 24 hours. Its 24-hour low and high were $2.10 and $2.38, respectively. The market capitalization stands at $126 billion, with $14 billion in trading volume. In other news, Ripple transferred 90 million XRP coins to an unknown wallet, raising speculation within the crypto community.

Solana Price Today

SOL price was trading at $182, reflecting a 7% drop in the last 24 hours. Its 24-hour low and high were $178 and $201, respectively. The market capitalization stands at $86 billion, with $5 billion in trading volume. Solana’s significant decline makes it one of the worst performers among the top 10 cryptocurrencies. In other news, a Solana whale has accumulated 1.7 million SOL after the recent dip in the crypto market.

Meme Crypto Prices Today

Meme coins also showed bearish momentum in crypto prices today, with the top meme coin DOGE down by approximately 3%, trading at $0.3179. Shiba Inu (SHIB) price dropped by 4% in the same period, trading at $0.00002166. Crypto analyst “Dollars Maker” shared insights into a potential 235% surge, projecting SHIB to reach $0.00005816. Other notable meme coins, including PEPE, BONK, and WIF, also saw declines ranging from 3% to 12% in the last 24 hours, following the broader crypto market trends.

Top Crypto Gainer Prices Today

Hyperliquid

Hyperliquid (HYPE) price became the top performer today, rising 8% in the last 24 hours. It was trading at $34.67, with its 24-hour low and high being $30 and $35, respectively. Hyperliquid token achieved another major milestone, as within three weeks of its launch, the HYPE price surged to $34.71, pushing its market cap to $10 billion.

Top Crypto Loser Prices Today

dogwifhat

The dogwifhat (WIF) token became the worst performer for today in crypto prices today, experiencing a 13% drop in price. It was trading at $1.88, with a 24-hour low and high of $1.80 and $2.24, respectively. The market capitalization stands at $1.88 billion, highlighting the significant decline in its value during this period.

Ethena

Ethena (ENA) price dropped by 11% in crypto prices today, now trading at $1.02. Its 24-hour low and high were $0.99 and $1.21, respectively. The market capitalization stands at $3 billion, with a trading volume of $820 million, reflecting a significant decline in its value. In related news, Arthur Hayes sold his ENA tokens sparking further market speculation.

Additionally, the hourly chart looks bearish, with both Bitcoin (BTC) and major cryptocurrencies like Ethereum (ETH) and XRP down by half a percent in the last hour, continuing the downtrend seen in crypto prices today.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BTC Hits $97K, HYPE and VIRTUAL Gain 25%

Published

3 days ago

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December 21, 2024

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Cryptocurrency prices today are showing bullish momentum, with Bitcoin (BTC) rebounding above $97K after touching a low of $92K. Major altcoins like Ethereum (ETH) and XRP also saw gains, reflecting positive market sentiment.

Hyperliquid (HYPE) and Virtual Protocol (VIRTUAL) emerged as top gainers, each rising by 25% in the last 24 hours. Hyperliquid’s price surge follows Bitget’s announcement of listing its token on their exchange, while Virtual Protocol’s increase is attributed to the launch of their GAME SDK.

The global crypto market has also risen, reaching $3.38 trillion, up by approximately 0.5% in the last 24 hours. Trading volume surged by 10%, hitting $301 billion, showcasing increased activity in the market.

Cryptocurrency Prices Today: BTC Above $97K, ETH, XRP, SOL Gain

Cryptocurrency prices today reflect a positive shift, with Bitcoin (BTC) trading above $97K and major altcoins like Ethereum (ETH), XRP, and Solana (SOL) posting gains. Meme coins, including Dogecoin and Shiba Inu, also showed signs of recovery after recent declines.

Bitcoin Price Today

Bitcoin (BTC) price was trading at $97,412, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $92,210 and $98,136, respectively. The market cap stood at $1.93 trillion, with a trading volume of $100 billion, while BTC’s market dominance was recorded at 56.83%.

According to SoSo Value, BTC ETFs experienced outflows of $204 million, marking the second consecutive day of outflows after a long period. Additionally, Ark & 21Shares reported outflows of $87 million, while Fidelity recorded $71 million in withdrawals. Data from BlackRock regarding BTC ETF activity is still awaited.

In other news, Michael Saylor unveiled a mechanism demonstrating how the U.S. could generate $81 trillion by establishing a Strategic Bitcoin Reserve. This proposal has sparked discussions on leveraging Bitcoin for national financial strategies.

Ethereum Price Today

Ethereum (ETH) price was trading at $3,466, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,099 and $3,497, respectively. Cryptocurrency prices today highlight ETH’s market cap at $417 billion, with a trading volume of $62 billion and a market dominance of 12.32%.

ETH ETFs saw an inflow of $28 million, with Fidelity purchasing $13 million worth of ETFs. Grayscale followed closely, buying $15 million in ETFs, while data from BlackRock is still awaited, which could influence cryptocurrency prices today.

In other news, Donald Trump’s World Liberty Financial has reportedly accumulated more ETH during the recent price dip. This development underscores growing institutional interest in Ethereum despite market volatility.

XRP Price Today

XRP price was trading at $2.31, reflecting a 0.5% increase in the last 24 hours. Its 24-hour low and high were $1.97 and $2.338, respectively. Cryptocurrency prices today show XRP’s market cap at $130 billion, with a trading volume of $26 billion. It remains the fourth-largest cryptocurrency by market cap, with a market dominance of 3.86%.

In other news, Ripple, the company behind XRP, has pledged $5 million in its native XRP token to support President-elect Donald Trump’s inauguration. This move highlights Ripple’s strategic initiatives and its commitment to fostering global partnerships.

Solana Price Today

Solana (SOL) price was trading at $193, with a 24-hour low of $175 and a high of $197. Cryptocurrency prices today show SOL’s market cap at $92 billion and a trading volume of $9 billion in the last 24 hours. Meanwhile, crypto analytics platform Glassnode reported significant capital movement across Solana assets, indicating heightened investor activity and interest in the Solana ecosystem.

Meme Cryptocurrency Prices Today

Meme coins have also followed the trend of major altcoins, with Dogecoin (DOGE) up by 1%, trading at $0.32. Similarly, Shiba Inu (SHIB) was also up by approximately 1%, trading at $0.00002259. Other top meme coins like PEPE, BONK, and WIF saw increases ranging from 2% to 9% in the last 24 hours, as cryptocurrency prices today show positive momentum in the meme coin market.

Top Cryptocurrency Gainer Prices Today

Hyperliquid

Hyperliquid (HYPE) price surged by 25% in the last 24 hours, trading at $31.97. Its 24-hour low and high were $22.96 and $32.23, respectively. Cryptocurrency prices today highlight HYPE’s market cap at $8.69 billion, with a trading volume of $583 million.

Virtual Protocol

Virtual Protocol price also saw a 25% gain, trading at $2.734. Its 24-hour low and high were $2.03 and $2.842, respectively. The market cap stands at $2.73 billion.

Ethena

Ethena (ENA) price rose by 16%, trading at $1.16. Its 24-hour low and high were $0.85 and $1.224, respectively. In other news, Ethena Labs has partnered with Trump-backed WLFI to boost stablecoin liquidity and rewards by adding sUSDe as core collateral on Aave.

Top Cryptocurrency Loser Prices Today

Aptos (APT)

Aptos (APT) price became the top loser for today, falling by 13% in the last 24 hours. It was trading at $10.23, with a 24-hour low and high of $9.90 and $11.77, respectively. The price drop is attributed to the resignation of Mo Shaikh, the co-founder and CEO of Aptos Labs, which has caused concerns within the community.

Hedera

Hedera (HBAR) became the second worst performer for today, with a 4% price drop, trading at $0.2688. Its 24-hour low and high were $0.23 and $0.28, respectively, with a market cap of $10 billion. In other news, the Hedera Foundation has announced Charles Adkins as its new CEO, effective January 1, 2025.

Besides this, the hourly chart is showing a rebound in the crypto market after yesterday’s flash crash. Bitcoin (BTC) and major altcoins are showing positive momentum, indicating a recovery in cryptocurrency prices today.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Price At Risk of Further Drop As Whale Moves $59M

Published

3 days ago

on

December 20, 2024

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The Dogecoin price is at risk of more decline following a recent whale movement, which indicates a potential sell-off. The foremost meme coin is already down over 18% in the last 24 hours amid this recent crypto market crash.

Dogecoin Price Could Drop Lower As Whale Moves $59 Million

The Dogecoin price is at risk of further drop as a whale recently moved $59 million. Whale Alert data shows this investor moved 200 million DOGE to the Binance exchange.

Such Whale movement always sparks a bearish outlook for a crypto’s price, as it suggests the investor in question is looking to offload their coins. Such sale could put significant selling pressure of the top meme coin, leading to more price declines.

As CoinGape reported, the DOGE price has plummeted and is at risk of dropping to as low as $0.20, which marks a crucial support level for the meme coin.

In an X post, crypto analyst Kevin Capital suggested that a Dogecoin price drop to this level would be worrisome. He stated that he would start to worry of DOGE loses $0.26 on a weekly close. However, for now, he believes that this price decline is a normal market pullback.

The analyst also noted that the correction had been brewing in the charts for weeks. However, he suggested that this price decline is worse than expected thanks to the Fed’s hawkish stance and an imminent US government shutdown.

What Next For DOGE?

The Dogecoin price is still expected to witness a bullish reversal at some point, as analysts predict that the bull run is far from over. Crypto analyst Master Kenobi suggested that this bullish reversal could happen in January 2025.

This came as the analyst alluded to the 2021 bull run when a similar crypto market crash occurred in December 2020. The analyst noted that the Bitcoin price suffered a 30% loss while DOGE also followed suit, dropping by 55%.

BTC vs DOGEBTC vs DOGE

However, amid the panic, these coins witnessed a bullish reversal in January 2021 as they surged to new highs. This eventually paved the way for the Dogecoin price its current ATH of $0.73 in May 2021.

As such, if history repeats itself, Dogecoin could recover to new highs by January. Kevin had before now also predicted that the top meme coin could pull back to between $0.26 and $0.28 and then reload and come back to break its current ATH.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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