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Showing posts from December, 2024

Opinion: Market Panic After FOMC Shows Some Overreaction

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Author: Jinze Last night, the market experienced a significant pullback, primarily due to investor concerns over the Federal Reserve possibly shifting towards a more “hawkish” policy stance. This sentiment triggered widespread sell-offs, particularly in growth and tech stocks. Despite the market’s sharp reaction, I believe it’s essential to delve deeper into the current macroeconomic environment and policy dynamics, avoiding being misled by short-term fluctuations. Policy Interpretation: Hawkish Appearance vs. Underlying Logic The Federal Reserve’s signals have mainly focused on two points: “slowing the pace of rate cuts” and becoming “more data-dependent.” Powell clearly stated that the Fed would remain highly sensitive to future economic data, and while the rate cuts expected in 2025 might include three rate reductions, there is also the possibility of a pause or a change in pace. The dot plot shows three rate cuts, which is slightly more conservative than previous market expectation...

Top 5 Upcoming Crypto Presales to Watch Right Now – Best Crypto ICOs in 2024

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The cryptocurrency sector is witnessing remarkable momentum, with a focus on emerging projects and initial coin offerings (ICOs). Despite inherent risks, ICOs often present substantial profit opportunities, especially during bullish markets or meme coin seasons. Recent market trends show a mixture of significant gains and a brief pause, offering an ideal moment to analyze some of the most promising ICOs. While not every ICO guarantees success, early-stage investments often yield substantial returns. Crypto All-Stars (STARS) Crypto All-Stars was a project that completed its presale, offering unique benefits to early investors. Unlike many other presales that required long lock-up periods, this one allowed participants to access rewards and benefits almost immediately. The project raised over $26 million, highlighting strong interest and support from the crypto community. Crypto All-Stars introduces the concept of the “MemeVault,” bringing together top meme coins under one...

Bitcoin and Crypto Markets Dip As North Korean Hacking Threat Triggers $112,000,000 in Outflows From Hyperliquid

Bitcoin led a crypto market correction early Monday, taking BTC to the $92,762 level and putting it down over 12% over the last seven days. At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on Hyperliquid, a decentralized perpetuals exchange with its own chain. Monahan said the North Koreans were likely testing out the network before considering it as a target for their next attack. In its Discord channel, Hyperliquid disagreed with Monahan’s Analysis and said that there was no threat from the DPRK. “We are aware of reports circulating regarding activity by supposed DPRK addresses. There has been no DPRK exploit – or any exploit for that matter – of Hyperliquid. All user funds are accounted for. Hyperliquid Labs takes opsec seriously. No vulnerabilities have been shared by any party.” However, HYPE, Hyperliqui...

Could This New Utility Token Become the Next Big Crypto Wallet?

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After successfully raising $5.4 million in its presale, Best Wallet (BEST) is distinguishing itself as one of the top pick cryptocurrency wallets on the market. The app is now live, allowing users to buy, store, sell, swap, and trade cryptocurrencies seamlessly. This high level of utility is drawing attention and encouraging users to explore the app’s Features before deciding whether to invest in the Best Wallet token. Let’s explore the Features of Best Wallet and the unique benefits its token offers to holders to understand the rapid momentum of the presale. Best Wallet presale surpasses $5 million The Best Wallet (BEST) presale has raised $5.4 million. The token is currently available at a discounted price of $0.023325 during the presale, but this batch will only be available for the next 1 day and 23 hours. Once this round ends, the price will increase. To purchase $BEST, visit the Best Wallet presale website. You can connect your wallet or download the Best Walle...

Ripple XRP a Must Buy for Christmas? Analysts Project 80% Surge

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After two years of struggling, Ripple (XRP) has skyrocketed 258% in 2024. Ahead of Christmas, analysts are predicting a further surge. Could this surge mark XRP as a must-buy cryptocurrency before the holidays? XRP has struggled within the last week due to an overarching market downturn. Prior to this weekend’s start, Ripple’s cryptocurrency was down 7% in the week. Ripple’s recent launch of RLUSD hopes to be a catalyst for the price to climb into the new year, with plenty of analysts still bullish. CoinCodex analysts in particular are still firm believers in XRP, encouraging users to buy in before Christmas. CoinCodex analysts predict an 80% surge for XRP in 2025, mimicking the recent surge of the asset in 2024. By April, the analysts suggest that XRP could hit a maximum of $4 if the asset performs at its best. CoinCodex projects an average price of $ 3.17, with the token remaining at its current price at the bare minimum. This is great news for investors who don’t w...

Bitcoin could see another record high if this ‘brick wall’ is breached

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Bitcoin (BTC) is pushing to regain its six-figure valuation following a period where it risked falling below $90,000 support zone. However, on-chain data suggests a new record high could be on the horizon amid the recent volatility.  Specifically, data indicates that Bitcoin is currently hovering near a critical price range between $97,500 and $99,800, where over 924,000 addresses previously purchased more than 1.19 million BTC. To this end, prominent on-chain cryptocurrency analyst Ali Martinez identified this zone as a ‘brick wall’ due to the magnitude of Bitcoin accumulated at these levels, he said in an X post on December 21. Picks for you 2 cryptocurrencies to reach a $5 billion market cap in 2025 16 hours ago DeFi gets the data l...

Aptos founder leaves for ‘mental health break’ after six-figure vesting

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Aptos Labs co-founder Mo Shaikh has announced his resignation as CEO, stating that he will take “much-needed time to reflect on where the world is headed and to think deeply.” He has seemingly timed his exit perfectly, leaving just after his mid-six-figure compensation package vested. Shaikh co-founded the APT coin-supporting company three years ago with Avery Ching who will succeed him as CEO. Since its launch, Aptos has raised $400 million in venture capital funding . During his “much-needed time to reflect,” Shaikh plans to dial in as a strategic advisor for Aptos, “continuing to support the company’s mission and growth.” 24 hours into the bear market and the Aptos co-founder capitulates his company to take a mental health break. Unbelievable — Cold (@Cold_xyz) December 19, 2024 In his announcement, Shaikh comforted his former coworkers while conveniently failing to mention his compensation package. “I will always remain a champion of Aptos,” he swore. ...

Shiba Inu & Chainlink Team Up To Strengthen Shibarium

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Several networks have come together in the past to boost their utility, performance, and ecosystem in general. More recently, the Shiba Inu (SHIB) network announced its collaboration with Chainlink (LINK). The latest partnership, Shibarium, Shiba Inu’s Layer-2 blockchain, would primarily use Chainlink’s blockchain interoperability standard as its cross-chain architecture. Would this impact the price of both these networks? Also Read: Cardano Price Prediction For The End Of 2024: Can ADA Breach $1.5? Looking Into The Latest Partnership Source: Watcher Guru Along with the latest integration, assets like BONE and LEASH will be accessible on 12 blockchains thanks to the adoption of the Cross-Chain Token (CCT). Token transfers between Ethereum and other chains are made possible by the lock-and-mint process, but the burn-and-mint technique makes cross-chain transfers between all other networks possible. Shytoshi Kusama, the lead developer of Shiba Inu, called the development ...

Fartcoin’s 1-month surge outpaces Nvidia stock’s yearly gain

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Back on November 20, semiconductor leader Nvidia (NASDAQ: NVDA) released its Q3 FY 2025 earnings report. It showed that, like in most recent quarters, the Jensen Huang-led venture saw meteoric growth and expansion. However, the markets were not satisfied. Nvidia stock has been on a pretty lengthy and strong rally for two years now — and after such impressive capital appreciation, it becomes increasingly hard to impress investors, who cannot be blamed for locking in their profits. On a year-to-date (YTD) basis, NVDA stock has seen prices increase by 163.07% to $130.28 at press time. Picks for you $7 billion wiped from XRP in a day 1 hour ago WhiteBIT Sets a New Benchmark: Crypto Exchange Achieves $2.7 Trillion in Annual Trading Volume and $...

Pudgy Penguins Price Prediction: PENGU Soars 14% To Buck Altcoin Crash Today, But Traders Pivot To This $31M PEPE Derivative ICO

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The Pudgy Penguins price soared 14% in the last 24 hours to trade at $0.03117 as of 02:08 a.m. EST on trading volume that dropped 2% to $2.3 billion. This comes even as the overall crypto market cap plunged 4% to $3.6 trillion after the Federal Reserve turned more cautious on cutting interest rates. Pudgy Penguins Price Headed Towards A Continued Surge The PENGU/USD chart displays high volatility, with a significant spike in Pudgy Penguins price followed by a sharp correction. The PENGU price experienced a massive vertical pump to a peak near $0.08, which was quickly followed by an equally sharp retracement, according to data from GeckoTerminal .  Following the initial correction, the price has entered a bullish flag pattern, as marked by two parallel upward-sloping trendlines. The Relative Strength Index (RSI) is currently at 46.15, which is in the neutral zone. RSI below 50 indicates a slight bearish bias, but the overall positioning remains neutral. The RSI’s decline ...

Fartcoin Price Prediction: FARTCOIN Is Top Solana Meme Coin Gainer With 9% Pump As This New SOL Rival Raises $2.2M In Just 4 Days

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The Fartcoin price has soared 9% to become the top Solana meme coin gainer in the last 24 hours to trade at $0.8515 as of 02:34 a.m. EST on a 44% jump in trading volume to $105 million. Fartcoin Price On A Sustained Bullish Trend According to the FARTCOIN/USD chart Analysis on the 4-hour timeframe, the price of Fartcoin  is experiencing a strong uptrend, showing significant bullish momentum. The price of Fartcoin has shown a near-parabolic increase starting from the beginning of December, with a sharp rise in both volume and price action from the $0.16 support, according to data from GeckoTerminal . FARTCOIN now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is an indication that the asset is still under intense bullish rally. The Relative Strength Index (RSI) is currently at 58.18, which is neutral to mildly bullish, suggesting that the price still has room to move higher before entering overbought territory (above 70). A previous spike in ...

Pepe Unchained Price Prediction: PEPU Surges 45% After Binance Listing Boost, While This PEPE Derivative ICO Nears $30M In 2 Weeks

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The Pepe Unchained price surged 45% in the last 24 hours to trade at $0.02260 as of 02:25 a.m. EST on trading volume that soared 108% to $41.15 million. This follows the appearance of Pepe Unchained ($PEPU) on Binance’s new “Binance Alpha” feature, which highlights promising tokens that could be listed in the future, alongside names like CHILLGUY, AI16z, and POPCAT. $PEPU’s presence in the “Markets” tab under Binance Alpha was taken as a bullish sign for the token’s prospects. Pepe Unchained Price Is Bullish After an initial surge to the $0.067 resistance, the price of Pepe Unchained  has been on a downtrend, trading within the falling wedge pattern. PEPU recently touched the upper boundary of the wedge around the $0.0244 resistance, which shows that the price of Pepe Unchained could be gearing up towards a breakout, according to data from GeckoTerminal . The Pepe Unchained price is currently trading above the 50-day Simple Moving Ave...