Category: CryptoX News

Polkadot price may wake up in 2025 as a rare chart pattern forms

Polkadot price was the top laggard large-cap cryptocurrency in 2024, but a rare chart pattern points to a strong rebound in 2025. Polkdaot (DOT) retreated by over 15% this year, while other top coins like Bitcoin (BTC), Solana (SOL), and Binance Coin (BNB) soared to their all-time highs.  The coin’s underperformance occurred even as its network saw successful ecosystem launches. For instance, Hydration, a leading decentralized exchange within the Polkadot ecosystem, handled a record-high volume of over $124 million in December. Polkadot’s NFL Rivals, a digital collectible card game, has…

African crypto revolution continues as Ethiopia ranks among global BTC mining leaders

2024 was a pivotal year for Ethiopia as it generated around $1 billion in BTC mining profits due to its access to cheap, reliable, and renewable energy sources. Africa is a region producing fintech unicorns that provide the highly unbanked (and equally highly “smartphonized”) population and merchants with payment solutions. Companies like TymeBank, Moniepoint, and Opay have made hundreds of millions of dollars by creating and maintaining payment mobile apps and ground touchpoints. In conditions where banks are absent—80% of Africans don’t have bank cards—digital money solutions are filling the…

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…

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 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…

Ether (ETH) Is Expected to Outperform Bitcoin (BTC) in 2025, Steno Research Says

Ether (ETH), the second-biggest cryptocurrency by market cap, is likely to outperform larger rival bitcoin (BTC) in 2025, Steno Research said in a report Sunday, citing historical trends and Donald Trump’s U.S. election victory. Bitcoin is predicted to reach a minimum of $150,000 next year, up from about $94,000, while ether will more than double to at least $8,000 from $,3400, the report said. Steno said it expects the ether/bitcoin ratio to rise to 0.06 in the next 12 months from the current 0.0357, echoing the price action seen in…

Slinky Launches Airdrop to 27.7 Million Wallets on Solana

Slinky, a blockchain project that uses ZK compression, has launched an airdrop to distribute 10% of its total supply to 27.7 million wallets on Solana. The project utilizes ZK-compressed token accounts, a storage mechanism that allows launching a massive airdrop and keeps costs low. Slinky explained that by employing traditional methods, such an operation would […] Source CryptoX Portal

Bitcoin ETFs log continued outflows as BTC remains under $93k

Spot Bitcoin exchange-traded funds in the United States continued to experience outflows on Dec. 30, with Bitcoin remaining below $93,000. According to data by SoSoValue, the 12 spot Bitcoin ETFs recorded $426.13 million in outflows on Dec. 30 extending their outflow streak to two consecutive days that saw $723.8 million leave the funds. Fidelity’s FBTC saw the highest outflows of the day with $154.64 million withdrawn from the fund while Grayscale’s GBTC followed with an outflow of $134.5 million. Additional outflows were seen from BlackRock’s IBIT, Grayscale Bitcoin Mini Trust,…