24/7 Cryptocurrency News
Will Dogecoin Price Hit $20 On Its Next Leg Up?
Analyst Javon Marks forecasts that Dogecoin (DOGE) price is poised for a major rally, potentially reaching $20 during the ongoing bull cycle. Marks’ analysis is based on historical performance trends, which have shown progressively larger price gains in Dogecoin’s previous cycles. Current market activities, including a rebound in DOGE price and increased whale transactions, suggest a promising outlook for the meme coin.
Will Dogecoin Price Surge to $20? Analyst Predicts Monumental Bull Cycle Ahead
In a recent analysis shared on X (formerly Twitter), Javon Marks expressed confidence in Dogecoin’s potential to achieve unprecedented growth during the ongoing bull cycle. His observations highlighted a pattern of progressively larger price gains in Dogecoin’s previous cycles, with the current trajectory suggesting another monumental run.
According to Javon’s analysis, DOGE price cycles exhibit exponential growth during bull runs, with significant surges noted in 2017 (90x) and 2021 (306x). Based on these historical patterns, projections for 2024 suggest a potential surge exceeding 306 times, targeting prices above $20.
The chart highlights consistent upward trends leading to explosive rallies, driven by market momentum and investor sentiment. If DOGE replicates past performance, the next cycle could see unparalleled highs.
Additionally, Dogecoin price recently rebounded to $0.3226 after touching a weekly low of $0.3097. This movement indicates that the $0.3097 mark could be a potential floor price signaling further upward momentum.
These analyses are in line with recent bullish predictions by Galaxy Research, which projects Dogecoin to reach $1 by 2025. The firm highlights key fundamentals like whale accumulation and Elon Musk’s D.O.G.E. initiatives as catalysts for this growth. While Dogecoin faces competition from other memecoins, its historical growth patterns suggest this target is achievable.
Whale Activity Boosts Dogecoin Ecosystem
The Dogecoin ecosystem has experienced a surge in whale activity, signaling increased interest among large-scale investors. Data from IntoTheBlock revealed that large transactions within the Dogecoin network have risen by 41% in the past 24 hours, with a cumulative transaction value exceeding $23 billion.
This uptick in whale transactions is a positive indicator for the meme coin rally, reflecting heightened market participation and liquidity. The sustained activity in this price range could provide the foundation for a stronger rebound in the midterm.
According to a recent Coingape report, Dogecoin price is signaling a bullish reversal as DOGE whales have accumulated an impressive 90 million DOGE in just two days. This surge in whale activity reflects growing interest among investors and suggests a meme coin rally. Positive on-chain indicators and increased market activity further support this sentiment.
At press time, DOGE price is trading at $0.3224, reflecting a 2.57% increase in the past 24 hours. The meme coin rally market capitalization stands at $47.52 billion, with a 24-hour trading volume of $1.43 billion.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
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.
Source link
The launch of HYPE token staking on HyperLiquid’s mainnet marks a major development for the network and its users. This new feature allows HYPE holders to stake their tokens with validators, earning rewards while contributing to the security and decentralization of the platform.
HYPE Staking Goes Live on HyperLiquid
HYPE token staking is now available on HyperLiquid’s decentralized exchange, the Hyper Foundation announced. The foundation also stressed the importance of staking for the security of the network and attracting more people to the project.
”With staking, the various users in the HYPE staking community can collectively secure the network,” the Hyper Foundation said in a post that was shared on X.
Staking allows users to transfer their tokens to trusted validators so that the users can receive more tokens depending on the performance of the validators. The validators take an active part in proposing new blocks for the network based on the amount of staked HYPE. The foundation also recommended checking validator metrics such as uptime and time online, reputation and reviews, commission rates, and contributions to the community.
More than 320 million HYPE tokens have been staked across many validators as of now. In the HyperLiquid platform, the rewards are only given to the validators who have successfully participated in consensus, which is why it is crucial to select the proper validators.
Plans to Strengthen Decentralization
During the presentation, the Hyper Foundation unveiled the Delegation Program that will be used to incentivize the most efficient validators. While the specifics of the programme have not been made public yet, the foundation said that it would be rewarding validators active in the ecosystem and its protection.
The staking system also includes the possibility to use locked HYPE tokens. However, rewards from these tokens are currently non-withdrawable until the lockup period is over. This mechanism promotes long term loyalty to the network while at the same time balancing the reward sharing system.
Consequently, the success of HyperLiquid is in line with the general trend of the DeFi industry. Grayscale Research recently added HYPE into the Top 20 diversified crypto assets list where the company highlighted network growth, adoption, and sustainability as major factors for such inclusion. Other tokens on the list are Ethena’s ENA, Virtual Protocol’s VIRTUAL, Jupiter’s JUP, Jito’s JTO, and Grass.
On the derivatives market, HYPE has observed an increase in its open interest which is now at $585.90 million from a previous 0.98%. In addition, the trading volume increased by 21.75% to $318.03 million which shows that more people are participating in the market as staking is gradually becoming popular.
Will HYPE Price Breakout To $36?
Since the token generation event that took place on the 29th of November, HYPE has shown exceptional price appreciation, with the coin rising by over 640%. The token reached its peak at $34 on December 22, and has since remained fairly constant at around $28. At the moment, HYPE has a total supply of 333.9 million tokens, which is trading at a $9.3 billion market cap and has a fully diluted valuation of $27.9 billion.
Concurrently, HYPE’s price chart indicates a bullish breakout from a falling wedge formation, a common reversal signal. However, the price has moved sideways after the breakout, signaling a consolidation phase. Analysts project a potential price target of $36, based on the wedge’s height, provided bullish momentum resumes.
Technical indicators show mixed signals. The Relative Strength Index (RSI) hovers near 47, slightly below the neutral 50 level, suggesting weak momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) displays bearish tendencies but shows signs of flattening, potentially signaling waning selling pressure.
Key support lies around $26.50, with resistance between $28 and $29. A breakout above this range could propel the price toward $36. Conversely, failure to hold support at $26.50 might invalidate the bullish outlook.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
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.
Source link
The long-running XRP lawsuit has been on the investors’ radar this year, with a flurry of developments sparking market discussions. Besides, with pro-crypto Paul Atkins gearing up to replace the current US SEC Chair, Gary Gensler, the optimism further soars indicating a potential surge in Ripple price ahead. Besides, it also fueled speculations over a potential drop of the Ripple Vs SEC case, with the January 15 deadline approaching for the SEC to file an opening brief in the 2nd Circuit Court of Appeals.
What Happens if US SEC Drops The XRP Lawsuit?
The XRP lawsuit is one of the long-running cases in the crypto space and has gained notable traction from investors lately. However, with Donald Trump’s election win in November, the market sentiment remained high over a potential pro-crypto regulatory environment in the US.
In addition, it also fueled speculations about whether the incoming US SEC chair Paul Atkins would dismiss the Ripple vs SEC case ahead. Notably, the current US SEC Chair, Gary Gensler, whom many deem an anti-crypto regulatory, will leave his position in January. In addition, Trump’s inauguration on January 20 has further bolstered market sentiment.
Now, as the crypto-friendly Paul Atkins is set to replace Gensler, the market sentiment remained positive over a potential drop in the Ripple case. Notably, pro-XRP lawyers like Bill Morgan, Jeremy Hogan, Fred Rispoli, and others, have also indicated a potential dismissal of the legal case under the incoming US SEC chair.
On the other hand, the January 15 deadline for the US SEC to file its opening brief in the 2nd Circuit Court of Appeals is also approaching. Simultaneously, Ripple CTO Stuart Alderoty also called for an end to the ongoing XRP lawsuit, which has further fueled speculations in the market. This has also sparked discussions over its potential impact on Ripple price, with many anticipating a robust rally ahead.
Will Ripple’s Native Crypto Price Rally?
The market sentiment towards Ripple’s native crypto remained high, as evidenced by its robust rally recently. However, the rally has recently faded with the investors taking a pause amid the holiday mood. XRP price today was down nearly 6% and exchanged hands at $2.06, with its trading volume soaring 78% to $4.43 billion. However, CoinGlass data showed that XRP Futures Open Interest rose about 2%, indicating a bullish sentiment ahead for the crypto.
Despite the recent dip, a flurry of experts expect a potential rebound ahead for Ripple price, especially with optimism soaring over a potential dismissal of the XRP lawsuit. For context, popular market expert EGRAG CRYPTO recently predicted the crypto to hit $6 by March 2025. On the other hand, he further said that the crypto is likely to hit between $13 and $27 in this bull cycle, reflecting his growing confidence in the crypto.
However, the investors are keeping close track of the Ripple price, with the recent market volatility in focus. A recent XRP price analysis also hinted that the crypto could crash to $1 ahead before continuing its another run towards the north. Besides, if the US SEC, under Chair Gary Gensler, files its opening brief before the January 15 deadline, it could further weigh on the traders’ sentiment, which in turn could impact its price.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
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.
Source link
Today, crypto prices remained under pressure as Bitcoin (BTC) fell near its monthly low. Altcoins also continued to face declines, reflecting a bearish trend across the crypto market.
Tether (USDT), the largest stablecoin by market capitalization, may face removal from European exchanges due to non-compliance with new Markets in Crypto-Assets (MiCA) regulations. The compliance deadline of December 30, 2024, has raised uncertainty among market participants.
FTX Token (FTT) emerged as a top gainer today, with a 7% surge in its price. This development follows FTX’s announcement that claims processing will begin on January 3 next year, with $16 billion in cash expected to be repaid.
The global crypto market has declined by approximately 1.5% over the last 24 hours, standing at $3.29 trillion. However, trading volume saw a 12% rise, reaching $90 billion.
Here’s a brief overview of some leading cryptocurrencies by market cap and their crypto prices today, December 30.
Crypto Prices Today: BTC Falls Below $94K, XRP, and SOL Drop Amid Market Pressure
Crypto prices today saw Bitcoin (BTC) falling below $94,000, marking a sharp decline. Michael Saylor hinted at buying more Bitcoin through his recent post on X, sparking investor interest. Ethereum (ETH) was the only coin in green, registering a 1% price surge amid the market downturn.
Bitcoin Price Today
Bitcoin price was trading at $93,400, with a 1.3% drop in the last 24 hours. Its 24-hour low and high were $93,079 and $95,341, respectively. However, trading volume surged by 40%, reaching $32 billion.
According to SoSo Value, BTC ETF recorded a weekly inflow of $387 million last week, indicating renewed institutional interest. In other news, Bitcoin’s clean energy usage has exceeded 50%, highlighting its progress in sustainability. Elon Musk had previously stated he might accept BTC for payments, leaving the community eager for updates.
Ethereum Price Today
Ethereum (ETH) price was trading at $3,421, reflecting a 1% surge in the last 24 hours. Its 24-hour low and high were $3,327 and $3,434, respectively. ETH ETFs saw a weekly inflow of $349 million, second only to BTC ETFs.
However, concerns loom as Coingape analysts warn of a potential $2,600 crash. This follows a massive inflow of 110K ETH into exchanges, signaling possible sell pressure.
XRP Price Today
XRP price was trading at $2.12, marking an approximate 3% drop in the last 24 hours. Its 24-hour low and high were $2.076 and $2.197, respectively.
Solana Price Today
Solana (SOL) price was trading at $192, reflecting a 1% drop in the last 24 hours. The crypto prices today for SOL revealed a 24-hour low of $188.73 and a high of $197.59, showcasing slight volatility.
Top Crypto Gainer Prices Today
FTX Token
FTX Token (FTT) price was trading at $3.75, showing a 10% rise in the last 24 hours. The crypto prices today for FTT recorded a 24-hour low of $3.416 and a high of $3.826, reflecting strong upward momentum.
Ethena
Ethena (ENA) price was trading at $1, showing an approximate 6% price surge in the last 24 hours. Its 24-hour low and high were $0.91 and $1.01, respectively. Trading volume surged by 45%, reaching $352 million, indicating increased market activity.
Moreover, KuCoin Token (KCS) and Virtuals Protocols (VIRTUAL) have seen gains of 1% to 3% in the last 24 hours. This indicates a positive trend amid the ongoing market fluctuations.
Top Crypto Loser Prices Today
Bitget Token
BGB token became the top loser for today, with an approximate 20% loss in the last 24 hours. Its 24-hour low and high were $6.01 and $7.85, respectively, while trading volume surged by 47%, reaching $1.34 billion.
Pudgy Penguins
PENGU price dropped by 10% and is currently trading at $0.032. Its 24-hour low and high were $0.031 and $0.036, respectively. Despite the recent drop, crypto prices today show that PENGU has surged by 500% in the last month.
Movement (MOVE), OKB, and Beam (BEAM) have seen a drop of approximately 5% in the last 24 hours, reflecting a slight downturn in their prices.
Besides this, the hourly chart is also showing downward momentum, with Bitcoin price down by 0.23%. Other major altcoins are showing a similar pattern, each down by approximately 1% in the last hour.
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.
Source link
Why I Capitulated And Started Buying MSTR
Bitcoin (BTC) Price Slumps to $92,000 as Long-Term Holders Keep Taking Profit
3 AI-powered altcoins to consider buying before January, one predicted to outperform DOGE and XRP
Can Cardano Price Revisit ATH in 2025?
Earn Bitcoin For Providing Liquidity Via Boltz Pro
Top Crypto Assets For Q1 2025: Grayscale Reveals Best Altcoins
Tether adds $700m Bitcoin to reserve address
Will HYPE Price Skyrocket As Staking Launches on HyperLiquid Mainnet?
2024’s loyalty overhaul: Blockchain’s promise for brands
Genesis-Era Ethereum Whale Sends $171,780,000 Worth of ETH to Kraken in 2024: Report
4 Crypto To Buy in 2025 Ahead of FTX’s $16B Claims Payout
SEND Arcade launches NFT entry pass for Squad Game Season 2, inspired by Squid Game
If XRP Lawsuit Ends, How High Could Ripple Price Go?
Crypto Crystal Ball 2025: How Hard Will Trump Fight for Bitcoin and Crypto?
Over $5 m in token unlocks are set for this New Year’s week
Telegram users can send gifts to friends, TON fails to pump
Bitcoin Could Rally to $80,000 on the Eve of US Elections
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Crypto’s Big Trump Gamble Is Risky
A Kamala Presidency Could Be Just as Bullish for Bitcoin
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x
SEC filing underway, Bitcoin rewards app Fold adopts FLD ticker
Cardano and the XRP price action lock in bulls vs bears battle as RCO Finance prepares for 3,000% surge
Tether CEO Paolo Ardoino Denies Rumors That Stablecoin Issuer Is Under Federal Investigation
Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem
A16z-backed Espresso announces mainnet launch of core product
Crypto Exchange OKX Moves To Support USDC Ecosystem by Adding Six New Trading Pairs
What is World Chain? Human-First New Blockchain Goes Live
Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight
Trump’s Coin Is About As Revolutionary As OneCoin
News3 months agoTelegram users can send gifts to friends, TON fails to pump
Bitcoin2 months agoBitcoin Could Rally to $80,000 on the Eve of US Elections
Bitcoin2 months agoInstitutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Opinion2 months agoCrypto’s Big Trump Gamble Is Risky
Opinion2 months agoA Kamala Presidency Could Be Just as Bullish for Bitcoin
Price analysis2 months agoRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
Bitcoin3 months agoSEC filing underway, Bitcoin rewards app Fold adopts FLD ticker
Sponsored3 months agoCardano and the XRP price action lock in bulls vs bears battle as RCO Finance prepares for 3,000% surge
✓ Share: