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Ethereum NFT collections surged last week, driving total digital collectible sales to $304 million, with Ethereum accounting for 66% of this volume. The Pudgy Penguins collection led with $54.4 million, while overall December sales reached $678 million, surpassing previous monthly records. Despite this success, the Pudgy Penguins crypto token saw a significant decline, dropping over 50% shortly after its launch.
Santa Trump (XMASTRUMP), a new meme coin inspired by Donald Trump, has surged 10,000% since its launch and aims for a potential listing on Binance. With a low market cap and strong community backing, it could see significant gains during the Christmas rally, possibly reaching $1. Traders are optimistic about its future, especially with Trump's rumored involvement and the upcoming holiday season.
Stablecoins on Ethereum's layer-2 networks have reached a significant milestone of $13.5 billion, driven by their increasing adoption and practical applications. Tether (USDT) leads the market with a capitalization of $140.88 billion, while the Dencun upgrade has enhanced transaction efficiency, resulting in a surge of daily transactions across various layer-2 solutions. Despite some networks experiencing declines, the overall growth of layer-2 ecosystems is reshaping Ethereum's future, highlighting the pivotal role of stablecoins in decentralized finance.
Binance Futures has launched the CGPT/USDT Perpetual Contract, allowing traders to leverage up to 75x with USDT as the settlement asset. This move underscores the rising significance of AI-focused cryptocurrencies, providing flexible trading options without expiration dates and a capped funding rate of ±2.00% with four-hour settlements. ChainGPT's CEO highlighted the listing as a key development for the token's utility in the Web3 space.
Gud Tech, Zircuit’s first multichain AI platform for automated finance, has successfully launched its $GUD token, achieving over $9M in staking value within the first week. The community-centric approach allows users to earn $GUD by staking $ZRC, with 40% of the token supply available on Day 1, promoting equitable distribution without presales or VC involvement. Gud Tech aims to lead in AI-powered decentralized finance, offering features like market intelligence and algorithmic strategies.
XRP has experienced a significant downturn, losing over 23% of its value recently, yet whale activity indicates strong accumulation, with 110 million XRP purchased in the last 24 hours. Despite trading 28% below its multi-year high, XRP remains above a critical support level at $1.90, suggesting potential for recovery if it can break through resistance at $2.60. However, market sentiment remains fragile, and a failure to maintain support could lead to further declines.
XRP is currently consolidating after breaking key resistance levels, but analysts warn of a potential price crash as the RSI approaches oversold territory. Despite this, the broader outlook remains bullish, with predictions of a price target above $3 following a correction. A recent 3-month chart indicates strong buying pressure and a bullish reversal pattern, suggesting significant growth potential in the coming months.
Ethereum has surged past $3,200, driven by positive economic trends, while Polygon enhances cross-chain compatibility to improve asset integration. Meanwhile, Web3Bay aims to revolutionize e-commerce by eliminating intermediaries through a decentralized platform, offering significant cost savings and potential returns for early investors.
Dogecoin is poised for a potential rally, with expert Kevin predicting a surge beginning around Christmas. Key indicators, including a rise in the daily Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), suggest the current consolidation phase may soon end. Analyst Trader Tardigrade also forecasts a recovery, potentially pushing DOGE to $1.35, based on previous price patterns.
DOT has shown a strong bounce from a critical support level, aligning with the Golden Fibonacci Ratio, suggesting a potential long position with a target price of 14.03, representing a 92% increase. The market sentiment is bullish, especially with BTC dominance declining and TOTAL3 reclaiming key levels, indicating a favorable environment for altcoins.
Cryptocurrency Trends
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ethereum nft collections surge to 304 million in weekly sales volume
10:02 21.12.2024
Santa Trump token poised for explosive growth amid holiday crypto rally
10:00 21.12.2024
stablecoins on ethereum layer two reach record 13.5 billion milestone
09:30 21.12.2024
Binance Futures introduces CGPT USDT perpetual contracts with 75x leverage
07:56 21.12.2024
Gud Tech achieves over 9 million dollars in staking value during launch
07:56 21.12.2024
whales accumulate xrp amid market downturn signaling long term confidence
06:00 21.12.2024
xrp price faces potential crash despite bullish long term outlook
04:30 21.12.2024
ethereum and polygon rise as web3bay disrupts e commerce landscape
04:00 21.12.2024
dogecoin poised for major rally as expert predicts surge by christmas
03:30 21.12.2024
Dot signals bullish trend with potential 92 percent price increase
03:14 21.12.2024
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