Day: December 31, 2024

XRP Price Forms Descending Triangle On The Daily Chart, Why $1.95 Is Important

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Este artículo también está disponible en español. Crypto analyst Dark Defender has revealed a pattern in which the XRP price has formed on the daily chart. In his analysis, he highlighted the $1.95 price level as being crucial as it could determine XRP’s next move.  XRP Price Forms Descending Triangle On The Daily Chart In an X post, Dark Defender mentioned that the XRP price has formed a descending triangle on the daily time frame. He added that a breakout is imminent in this pattern as long as $1.95 is…

Blockchain Fragmentation Is a Major Problem That Must Be Addressed in 2025

Over the past year, the crypto industry has attracted users on an exponential scale, with monthly active addresses tripling from 70 million in 2023 to over 220 million in 2024. With over 300 chains listed, the ecosystem should be able to cater to the needs of all types of users sustainably. However, in this sprawling landscape, a majority of activity and liquidity is locked within multiple Ethereum Layer 2’s. In its current state, Ethereum is reminiscent of early 1500s Europe, which experienced breakthroughs like the printing press and advanced shipbuilding…

Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead?

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Este artículo también está disponible en español. Shiba Inu has faced consistent bearish price action, with its value dropping over 44% since reaching a local high in early December. This prolonged downtrend has left investors and traders questioning whether the popular meme coin can recover or if further losses are on the horizon. Related Reading Top analyst Ali Martinez has shed light on Shiba Inu’s current price structure, sharing a detailed technical analysis that pinpoints the asset’s most significant support zone between $0.0000215 and $0.0000193. According to Martinez, this range…

Here’s why MicroStrategy stock and Bitcoin price have diverged

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MicroStrategy stock and Bitcoin price have historically had a close correlation as the company became the biggest BTC investor.  MicroStrategy shares have dropped by 21% in the last 30 days, while Bitcoin (BTC) is down by less than 2%. This marks a significant divergence, as MSTR stock has typically moved in tandem with Bitcoin. Bitcoin vs MicroStrategy stock price | Source: crypto.news The stock has risen by over 320% this year, while Bitcoin has jumped by 120%. Its outperformance of Bitcoin, combined with the lack of an expense ratio, has…

Solana’s Meme Coin Contender Lightchain AI Breaks 7.5M Sold in Presale in 30 Days

PRESS RELEASE. AI-powered blockchain is no longer just a buzzword—it’s the future. And Lightchain AI, Solana’s newest meme coin contender, is proving just how big that future is. With an astounding 7.5 million tokens sold in just 30 days, the Lightchain AI presale is making waves, drawing blockchain enthusiasts, tech investors, AI developers, and crypto […] Source CryptoX Portal

Crypto Trader Nets 17,000% After Elon Musk’s X Name Change

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Este artículo también está disponible en español. Elon Musk, billionaire entrepreneur and CEO of Tesla and SpaceX, has once again rattled the crypto market with a simple name change on his X account. This time, Musk renamed his official profile to “Kekius Maximus” and replaced his avatar with a PEPE frog dressed in antique armor holding a gaming controller. While the eccentric tech magnate has not offered an explanation, the sudden shift has fueled intense speculation. Elon Musk’s new name and profile pic | Source: X One of the biggest…

Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000

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Este artículo también está disponible en español. Although Ethereum is currently up by about 46% from the starting point at the beginning of 2024, December has been underlined by a notable correction. This correction saw Ethereum declining noticeably from a $4,000 price point in the middle of the month, and it now finds itself consolidating below $3,400.  Crypto analyst Trader Tardigrade recently shared a bullish outlook for Ethereum in light of this consolidation. Particularly, the analyst has projected a surge to $8,000 sometime in 2025. Historical Pattern Says Bullish Trajectory…

Crypto whales: Friends or foes?

The closing weeks of 2024 saw vintage crypto wallets waking and moving tens and hundreds of tokens to exchanges or other addresses. Public curiosity is by far not the only impact of such transactions. Let’s see how the whale transactions influence the market and why not everyone is happy about them. The whales’ transactions Christmas rampage On Dec. 25, 2024, the Bitcoin wallet that was kept untouched for nearly 14 years moved 20.55 BTC to another address. During the years in the wallet, these coins gained over $2 million in value. The…