As of the 22nd, Ethereum's Layer 2 network has a total value locked (TVL) of $46.25 billion, reflecting a 12.4% decrease over the past week. While Ethereum deposits rose by 3.02%, the dollar value fell due to price declines. Arbitrum One leads with a TVL of $19.15 billion, followed by Coinbase Base at $12.8 billion, Optimism at $7.14 billion, and Blast at $1.23 billion.
PEPE Coin, a meme cryptocurrency launched on April 14, 2023, has gained significant traction, trading at $0.00001780 as of December 21, 2024. Analysts predict moderate growth, with potential prices reaching $0.000025 to $0.000035 by year-end 2024, and $0.00005 by the end of 2025, driven by community engagement and meme culture. Long-term forecasts for 2030 suggest a price range of $0.0001 to $0.00025, contingent on the coin's relevance in the evolving crypto landscape.
Bitcoin demand is rapidly outpacing supply, with apparent demand growing at a rate of 228,000 BTC monthly, while available inventory has dropped to levels not seen since October 2020. Accumulator addresses are increasing at a record rate, and OTC desk balances have declined significantly, indicating strong institutional interest. Sell-side liquidity has fallen to 3.397 million BTC, the lowest in over four years, further reducing potential selling pressure as the market cap of USD-based stablecoins surpasses $200 billion.
Solana's (SOL) long-term buy zone has been activated, indicating potential growth opportunities following a recent correction. Analyst Alan Santana highlights that despite a 9.3% drop in the last 24 hours, the current market conditions may present strategic investment chances, with institutional interest rising in Europe through new financial products like the Solana Staking ETP.
Ethereum is eyeing a $6,000 milestone, while Shiba Inu (SHIB) has surged 2,600%. However, the spotlight is on the altcoin XYZ, priced at $0.001333, which is gaining traction in the meme coin market with a potential growth target of 20,000%. As the crypto landscape evolves, XYZVerse combines sports and meme culture, attracting significant interest from investors.
The information provided is intended for educational purposes and should not be interpreted as financial advice. NFTCulture and its contributors do not act as financial advisors, and the opinions expressed are those of the authors. Always conduct thorough research and consult a qualified financial advisor before making investment decisions, as investing in NFTs and cryptocurrencies carries inherent risks.
Algorand's price has plummeted over 20% to $0.371, following a peak of $0.613 earlier this month, amid rising sales pressure and declining profitability. Despite this bearish trend, active addresses surged from 104,000 to 190,000 in 24 hours, indicating potential liquidation or speculative trading. Additionally, the Total Value Locked in Algorand's DeFi ecosystem has dropped significantly from $245 million to $165 million, further contributing to the negative market sentiment.
Dogecoin is showing signs of recovery, with a recent price increase of 10% bringing it to $0.34. Analysts highlight key Fibonacci levels to watch, including targets at $0.50, $0.70, and between $1 and $1.1, while also noting critical support zones below $0.297. Historical trends suggest a potential 400% rally could occur if the Relative Strength Index (RSI) dips below 40 again, similar to past performance.
Solaxy ($SOLX) is emerging as a potential 100x token, developing a layer-2 solution for the congested Solana network. By offloading processing and enhancing scalability, it addresses key performance issues while attracting significant interest, surpassing $3 million in presale sales within a week. Experts predict a price surge post-presale, although concerns about a market crash in 2026 linger.
Bitcoin is currently trading at approximately $98,600, following a volatile week. Analyst Adrian Zduńczyk predicts a surge to over $225,000 by June 2025, marking the final phase of the current bull run, which began in October 2023. He warns of a potential bear market in 2026, advising investors to secure gains before the year ends.
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