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In 2024, Chainlink has made significant advancements through its Build and Scale programs, attracting over 4,000 developers and achieving 300 million Total Verified Messages. The Scale program now includes 16 blockchain networks, while the Build program welcomed 41 new teams, fostering collaboration and innovation.Market activity is buzzing as a notable whale accumulated 210,000 $LINK tokens, recently transferring $4.99 million worth to an exchange, potentially yielding a 65.3% profit. Analysts predict a price rebound for $LINK if the $26.80 support holds, with targets reaching up to $30.20.
The $PENGU token, linked to the Pudgy Penguins NFT community, launched on December 17, 2024, with a total supply of 88.88 billion tokens. Following an initial surge, the price faced a significant decline, and an airdrop distributed 62.8 billion tokens to eligible NFT holders. The token features staking rewards, governance functionality, and a deflationary mechanism to enhance its value and community engagement.
Dog-themed memecoins, led by BONK's 30% surge, rebounded as Bitcoin climbed above $98,000 after a recent dip. The category outperformed the broader market, with DOGE, SHIB, and FLOKI also seeing gains. FLOKI's recognition as a utility token by the CFTC and ongoing token burns by BonkDAO are bolstering investor sentiment and potential value.
In the evolving cryptocurrency landscape, DTX Exchange (DTX) stands out with a successful $10.4 million presale, showcasing its innovative hybrid exchange and high-speed Layer-1 blockchain, VulcanX, capable of 100,000 TPS. Meanwhile, Fantom (FTM) has launched the Sonic Protocol, enhancing its ecosystem with upgraded Sonic tokens, and PEPE is currently trading near crucial support levels after a recent decline. Investors are eyeing these projects for potential gains as the market prepares for the next bull cycle.
Shiba Inu (SHIB) has partnered with Chainlink to enhance Shibarium's operations through the adoption of the CCT standard, aiming to improve efficiency and security in DeFi. Despite this development, SHIB has faced significant selling pressure, resulting in a 35% price drop, with large holder outflows outpacing inflows. While the market shows signs of potential re-accumulation, bearish momentum persists, indicating further downside could be possible.
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.
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.
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.
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.
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