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Whale activity is shifting towards altcoins like Kaspa, PlutoChain, XRP, and Solana, with notable price increases and potential for further gains. Solana is currently facing resistance at $217.69, while Kaspa has surged above $0.10, testing resistance at $0.14. PlutoChain aims to enhance Bitcoin's network with smart contracts, and XRP has seen significant accumulation by large holders, indicating a possible surge ahead.
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.
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.
Shiba Inu (SHIB) is currently trading at $0.00002698, while Dogecoin (DOGE) is at $0.4003, with market caps of $15.8 billion and $58.9 billion, respectively. WallitIQ (WLTQ) is in its ICO phase, priced at $0.0243, and is projected to thrive by 2025, leveraging AI and decentralized solutions. As XRP surges, these cryptocurrencies are positioned to capitalize on market opportunities, with WallitIQ aiming for significant monthly revenue and robust security features.
Rexas Finance (RXS) is gaining traction in the crypto market, currently priced at $0.15 during its presale, which has raised over $29 million. With a projected price of $34.5 by 2025, RXS aims to disrupt real-world asset tokenization, while Solana seeks to reach the $1,000 mark. The ongoing $1 million giveaway has attracted significant interest, with the presale nearing completion and a launch planned on major exchanges.
Sanctum, a Solana startup, has introduced creator coins—liquid staking tokens that allow creators to earn yield while fans gain loyalty points for holding them. This initiative targets crypto-native creators, aiming to foster closer connections with their supporters and mitigate risks associated with volatile memecoins.
Rexas Finance (RXS) is gaining attention as a potential rival to Solana, with projections suggesting a price surge to $17, reminiscent of Solana's explosive growth in 2021. The token, currently at $0.15, has raised nearly $28.78 million in presale, focusing on real-world asset tokenization and aiming for listings on major exchanges. With strong investor demand and innovative use cases, RXS is positioned for significant growth in the evolving altcoin market.
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