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Solana's price has dropped 20% from its peak this year, entering a local bear market amid a broader crypto sell-off, with its market cap now at $102 billion. Despite this decline, analysts like McKenna and Jelle predict potential rebounds to $500 and $600, respectively, citing bullish chart patterns. Solana remains a strong player in the crypto space, boasting over $660 million in fees and leading decentralized exchanges with significant trading volume.
On December 18, fashion label 9dcc will launch the Black Box, a limited release of 2,750 NFTs on the Ethereum layer-2 network Base, blending fashion and blockchain. Each box may contain items from Collection-01, which includes various apparel, and offers a chance to win the rare CryptoPunk #7429 NFT, valued at nearly $139,000. The initiative reflects the ongoing evolution of the NFT market, as gmoney, the brand's founder, emphasizes that NFTs have never truly left the scene.
Milady CULT Coin launched after a six-month wait, with founder Charlotte Fang emphasizing the importance of timing for a successful debut. Despite initial frustrations, the token peaked at a market cap of nearly $500 million before retracing 50% within 48 hours. The community remains engaged with memes and inside jokes, reflecting a unique culture that blends humor with a cult-like following.
Eric Trump predicts Bitcoin will reach $1M by 2024, while Ethereum is on a bullish path towards $5,000. However, 1Fuel, currently in presale at $0.01, is gaining attention for its low transaction fees, one-click transactions, and staking rewards, positioning itself as a strong contender in the DeFi space. Investors are increasingly drawn to 1Fuel for its innovative features that address Ethereum's challenges, suggesting it could deliver significant returns.
Ethereum ($ETH), Solana ($SOL), and Binance Coin ($BNB) are poised for significant recoveries following a recent market downturn. $ETH is retesting a major triangle breakout, aiming for an all-time high of $4,878, while $SOL has confirmed a bottom in its descending channel, targeting around $270. $BNB has broken out of a large ascending triangle, with Fibonacci targets set at $1,000, $1,500, $2,000, and $2,500.
The Ethereum community is currently engaged in a debate over the potential increase of gas limits for blocks. While raising these limits could improve the protocol's performance, it also introduces significant security risks that must be carefully monitored.
Ethereum is experiencing a surge in momentum, with active addresses increasing by 36% in a month, signaling strong organic demand. Recent ETF inflows of $1.41 billion and favorable political developments have bolstered investor confidence, positioning ETH for a potential breakout past its all-time high of $4,878. Analysts predict that sustained interest and market conditions could lead to significant price appreciation in the near future.
Qubetics, Ethereum, and Cardano are leading the charge in blockchain innovation, each offering unique solutions for privacy, smart contracts, and sustainability. Qubetics’ decentralised VPN enhances online privacy, while Ethereum’s smart contracts revolutionise various industries. Cardano stands out with its eco-friendly approach and scalable architecture, making these altcoins prime choices for investors in December 2024.
Ethereum surpassed the $4,000 mark on December 7, driven by a surge in retail investor accumulation, reaching a local high of $4,100. Despite a slight 0.8% correction, the asset's market cap stands at $475 billion, with a daily trading volume increase of 21% to $24.5 billion. Key factors include significant net inflows into spot ETH exchange-traded funds and growth in the decentralized finance sector, with total value locked hitting $77 billion for the first time since April 2022.
AAVE crypto has reached record lending volumes in 2024, with net deposits hitting $33.9 billion and active loans at $13.6 billion, solidifying its leadership in the DeFi space. The surge in user adoption on the Base blockchain, now with over 75,000 monthly active users, reflects a growing demand for scalable and cost-effective DeFi solutions. Additionally, optimistic OI-weighted funding rates indicate a bullish sentiment among traders, contributing to AAVE's price rally from approximately $150 to over $300.
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