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Bitstamp forecasts that XRP could achieve a historic milestone by 2025, with price projections ranging from $5 to $20, potentially surpassing its 2018 all-time high of $3.84. This optimism coincides with the conclusion of Ripple's legal battles and growing adoption, as evidenced by over 720,000 new addresses created in 2024. Despite some analysts cautioning against unrealistic expectations, XRP's market cap has surpassed $132.6 billion, solidifying its position in the crypto landscape.
Technical analysis of $USUAL shows a bearish trend across multiple time frames. The 15-minute chart indicates a minor recovery after a low of 1.1160, while the 1-hour chart suggests oversold conditions with potential for a bounce, though caution is advised. The 4-hour chart confirms the broader downtrend, emphasizing the need for a confirmed reversal or breakout above 1.20 before considering any long positions.
The United Arab Emirates has seen its Bitcoin holdings surge to $40 billion, driven by substantial investments from institutions and the government amid a global bull market. This growth reflects the UAE's strategic initiatives to foster a favorable environment for blockchain innovation and cryptocurrency adoption, positioning the nation as a leading crypto-friendly hub. Analysts predict continued growth in Bitcoin investments, bolstered by supportive regulations and economic diversification efforts.
Ethereum has struggled to break the critical $4K resistance level, resulting in a 15% weekly decline. Currently, it has found support around $3K, leading to a consolidation phase within the $3.5K–$4K range, with potential for a bullish attempt to retest the resistance if this support holds. The recent market dynamics, including significant liquidations and a cooling of funding rates, suggest a possible setup for a sustainable rally in the coming weeks.
Bitcoin's price has recently struggled to maintain the $100K level, dropping to around $92,000, raising concerns of a potential deeper correction towards $90K and possibly $80K. Despite a recent uptrend in active addresses, which indicates network activity, it has not yet reached all-time highs, suggesting a possible lengthy correction if this trend does not continue. The market's momentum has shifted to bearish, with the RSI below 50%, indicating further volatility ahead.
Since the activation of EIP-1559 on August 5, 2021, over 4.5 million ETH have been burned on the Ethereum network, valued at more than $15.3 billion. The burning mechanism, which removes a portion of transaction fees from circulation, has seen significant contributions from platforms like Opensea and Uniswap. Despite this, Ethereum's inflation rate remains at 0.820%, with over 3.2 million ETH added to circulation since the London fork.
In 2024, the S&P 500 market index achieved a total return of 25%, a strong performance but overshadowed by the crypto market's explosive growth. The total market value of cryptocurrencies surged from $1.65 trillion at the end of 2023 to $3.30 trillion by December 19, marking a remarkable doubling in less than a year. Bitcoin led the charge with a 138% gain, while Solana followed closely with a 101% increase, both outpacing the overall crypto sector.
Bitcoin and Solana have shown impressive gains, with Bitcoin up 138% and Solana up 101% in 2023. However, Solana's remarkable 2,000% increase since December 2022 is partly due to its recovery from a significant drop linked to the FTX collapse. While Solana excels in smart contracts and real-world applications, Bitcoin's established growth catalysts, including halving events and the rise of Bitcoin ETFs, suggest it remains a more stable long-term investment.
Toncoin has experienced a 14.71% decline over the past week, dropping from a consolidation range of $6.2-$6.5. Despite this downturn, analyst Burak Kesmeci predicts a potential price surge of up to 280% during the upcoming altseason, with targets set at $8.74, $15.93, and $19.53, contingent on breaking key resistance levels. Currently, Toncoin is recovering from a local bottom of $4.71 and trading around $5.40, with a daily trading volume of $619.19 million.
As cryptocurrency adoption rises, alternatives to the now-bankrupt Celsius Network are gaining traction. Top contenders include Nexo, YouHodler, MyCointainer, and Crypto.com, offering competitive interest rates on crypto holdings, with APYs reaching up to 12% on stablecoins. These platforms provide various features, such as no lock-in periods and mobile apps, catering to diverse investor needs.
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