XRP Bull Run 2024: Unveiling Potential Targets and Path to $27


In a recent post on X (previously known as Twitter), Dark Defender shed light on the Relative Strength Index (RSI) for the XRP/BTC pair within the weekly timeframe, drawing intriguing parallels to its positioning prior to the monumental XRP bull runs of both 2017 and 2021. Through this analysis, Dark Defender confidently proclaimed that the 2024 bull run is already in motion.

Accompanying this assertion was a detailed chart shared by Dark Defender, suggesting that the milestone of XRP reaching $2 is merely the inception of what could be a substantial upward trajectory. 

In fact, indications from the chart imply the potential for XRP to surge as high as $12, underscoring the historical tendency of bull runs to catapult cryptocurrencies to unprecedented all-time highs (ATH). Notably, XRP’s existing ATH, attained at $3.84 during the apex of the 2017 bull run, serves as a testament to this pattern.

Reflecting on the past, the token’s inability to surpass its ATH in the previous bull run was largely attributed to regulatory ambiguities that restrained its growth. However, with regulatory frameworks now clearer and more defined, the stage is set for the token to embark on a notable ascent this time around. 

Unlocking XRP’s Potential: Exploring Key Levels and Targets

Delving deeper into Egrag Crypto’s analysis, a bullish pattern has emerged, characterized by multiple daily closures above the Fibonacci Speed Resistance Fan (FSRF) 0.5 level. The Fibonacci Speed Resistance Fan (FSRF) is a potent asset in technical analysis, playing a crucial role in pinpointing support and resistance zones during both upward and downward market trends. It comprises three trendlines radiating from a common point, each set at angles of 38.2, 50, and 61.8 degrees.

In the aftermath of the July surge, the token faced resistance at FSRF 0.618, signaling a notable hurdle on its trajectory. The subsequent resistance level loomed around 0.75 cents. Despite this, a bullish pattern emerged as XRP notched multiple daily closes above FSRF 0.5, indicating resilience in facing challenges.

Looking ahead, traders and investors are eyeing strategic targets along the FSRF and Fibonacci extension levels. These include FSRF 0.618 at approximately 0.75 cents, FSRF 0.75 at around $1, Fib Extension 1.618 at about $1.5, and FSRF 1 at $1.96. Each level represents a milestone, providing insights into potential market movements.

A pivotal moment is anticipated upon breaching the $2 mark, triggering the Fear of Missing Out (FOMO) effect. This psychological phenomenon will drive momentum, propelling XRP towards the ambitious $27 target. This target implies a staggering 1350% increase from current levels, underscoring the potential for a significant market shift. Investors keenly observe these technical indicators as they navigate the dynamic landscape of XRP’s value.

At the time of writing, XRP price today is $ 0.563565 with a 24-hour trading volume of $ 2.72B and a market cap of $ 30.75B. The XRP price increased 0.74% in the last 24 hours.

Ripple (XRP) 24-Hours Chart | Source: CoinMarketcap

Filecoin (FIL) Soars 37%: Breakout Above $8.50 Resistance Could Triple Price, Analysts Say


Filecoin (FIL) is one of the standout performers in the cryptocurrency market, experiencing the buying pressure that has shot up its value by a whopping 37% over the past week alone. In the current update, the price of FIL is at $7.56, sustained by a large 24-hour trading volume of $2.82 billion and a market capitalization of $3.86 billion. Notably, within the last 24 hours, the FIL price has surged by 16.50%, indicating significant bullish momentum.

Insights provided by cryptocurrency analyst Ali Martinez, posted on the X platform, point out the recent trading pattern of FIL. According to him, the current traverse of FIL is within a parallel channel on the 3-day chart that points to a discernible trend in its price action.

The most important thing here is the fact that there is actually an upper channel line resistance found at $8.50, which cannot be underestimated. Martinez highlights how surpassing this barrier presents a significant challenge as far as FIL’s price dynamics are concerned and might hinder further upward movement of any sort.

Martinez is bullish on FIL’s outlook and sees a breakout above the resistance level of $8.50 as a move that could trigger a continuation of the big move. In fact, as Martinez said, such a breakout can catalyze a substantial increase in FIL’s price potentially, up to $25.50, being nearly three times higher than now.

This also highlights monitoring the dynamics of the FIL price, where a sustained move above the $8.50 resistance level will definitely signal a shift in the market sentiment and unlock substantial gains for investors in the upcoming days.

Factors Behind Filecoin Price Surge

Filecoin is commended as an unmatched combination of security, scalability, and resilience that positions it as a great power in the digital storage industry. In 2023, data volumes stored on Filecoin spectacularly grew by 3.8x reaching an impressive 1,800 PiB.

However, the most important thing about this increase is that it was not only caused by web3 enthusiasts, but there were many non-web3 entities who also made substantial filings thereby illustrating Filecoin’s wide range of users and applications across industries.

Moreover, Filecoin’s integration with Solana on February 17 was one of the most outstanding advancements. This partnership is aimed at making Solana’s block history more accessible and useful for various stakeholders by leveraging decentralized storage powered by Filecoin.

Such integration proves a shared commitment to decentralization, enabling other benefits like data redundancy, scalability, and increased security while retaining Solana’s own decentralized nature.

Solana’s Meteoric Surge: Analyst’s Bullish Projections & Eyes at $150


Renowned crypto analyst Altcoin Sherpa recently shared his optimistic outlook on Solana (SOL) in a post on X (formerly Twitter). In his analysis, Altcoin Sherpa assessed the token’s recent behavior and offered predictions for its future performance. The analyst pointed out the gradual upward trend in Solana’s chart, noting the possibility of some selling pressure near the highs due to the extended periods between each peak.

Despite this, he expressed confidence in Solana’s prospects, stating that expecting a significant correction at the moment is unwarranted. He emphasized his bullish stance on SOL for the year 2024, suggesting that investors might benefit more from buying and holding the token rather than waiting for a correction.

Solana (SOL) Faces Ups & Downs

Solana was marked by both achievements and challenges in February. Early in the month, Solana’s decentralized finance (DeFi) ecosystem reached a significant milestone as Solana-based decentralized exchanges (DEXs) surpassed Ethereum’s daily trading volume for the second time.

However, the blockchain experienced its 11th outage in two years, just a week after this achievement, causing the chain to be down for nearly five hours. Despite concerns among crypto investors, SOL’s price swiftly recovered from the drop.

During this period, SOL also made waves in the cryptocurrency market, briefly claiming the position of the fourth-largest cryptocurrency by market capitalization after surpassing Binance Coin (BNB) on February 14. As of the latest data, Solana has returned to the fifth spot, boasting a market capitalization of $49.7 billion, representing a notable 19.34% increase in the past month.

However, SOL’s trading volume witnessed fluctuations during this time. At the peak of last week’s rally on February 15, the trading volume reached $2.7 billion.  Yet, as prices began to decline, SOL holders showed reluctance to trade, resulting in a significant drop in trading volume to $1.6 billion by February 18, a decline of 40% from the peak.

Despite this decline in trading volume, SOL’s price experienced a maximum decrease of only 10% during the same period.This discrepancy between trading volume and price downtrend is interpreted by strategic investors as a sign of strong positive conviction, suggesting that another rebound may soon follow the consolidation phase.

Solana Technical Analysis Hints $150 Target

Currently, Solana is priced at $113.70, with a 24-hour trading volume of $4.45 billion and a market capitalization of $50.11 billion. Over the past day, SOL has seen a 1.21% increase, and over the past week, it has demonstrated a 7% increase.

According to technical analysis, Solana is poised for another rebound phase, with potential targets set around $150. However, the upper Bollinger band indicator suggests initial resistance around $119. A bullish scenario could see the SOL price breaking out above $120, with $150 as the next significant target.

On the other hand, a reversal below the $90 area could negate the bullish forecast. However, major support is expected at around $91 in the short term, as indicated by the lower Bollinger band.

While, Solana faces challenges such as occasional outages and fluctuations in trading volume, its recent performance and analyst predictions suggest a promising outlook for the cryptocurrency in the coming months.

Crypto Weekly Recap: Bitcoin & Ethereum Surges, Altcoins Follow the Trend


Bitcoin (BTC) and Ethereum (ETH) have shown remarkable performance, experiencing significant increases in value. On the other hand, the cryptocurrency market has seen impressive gains across a spectrum of altcoins, both popular and low-cap, within the top 40 rankings.

Therefore, of all of these, VeChain (VET) posted the best show, Stacks (STX) and Filecoin (FIL) claimed the next two positions, on the list, respectively, with some impressive growth.

VeChain (VET) has skyrocketed by an impressive 50% to reach a peak of $0.05119 within the past week. VET is currently trading at $0.04566 after a slight dip, VET is still performing strongly, with a 2.80% increase in price and a fall in trading volume of around 18% over the last 24 hours.

Stacks (STX) also made notable gains, boasting a 49% increase in value during the previous week. Currently, STX is trading at $2.84, representing a price increase of 12.23% and a 35% rise in trading volume over the last 24 hours.

Filecoin (FIL) has been on the radar for recording a weekly surge of more than 23%. Currently, FIL has an estimated value of $6.55 implying that it increased by 5.81% while traded volume dipped by 23.56% over the last 24 hours.

Additionally, popular altcoins such as Polygon (MATIC), Cardano (ADA), and Uniswap (UNI) are also up on their weekly charts, with MATIC rising by 20%, ADA by 18%, and UNI by 16%, according to data from CoinMarketCap.

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

Bitcoin (BTC) has recently surged past the $52,000 mark, suggesting that there is still an appetite for Bitcoin at a higher level. With over 75% of investments flowing into Bitcoin seen originating from spot Bitcoin exchange-traded funds (ETFs), CryptoQuant data research reveals in their report.

Furthermore, Santiment highlighted a notable shift in the distribution of BTC supply across different-sized wallets. Wallets holding between 1,000 and 10,000 BTC saw an increase of $12.95 billion in 2024, whereas wallets holding between 100 and 1,000 BTC experienced a decrease of $7.89 billion. This suggests a net accumulation of approximately $5.06 billion in Bitcoin by wallets holding 100 to 10,000 BTC so far this year.

Meanwhile, in the last five days, the number of transactions with a value above $100,000 was the highest since June 2022, which shows higher interest from the large stakeholders after crossing above $50,000 this week.

Bitcoin is currently changing hands at $52,300, with a 24-hour volume of $35.00 billion and a market cap of $1.03 trillion. Over the last 24 hours, BTC’s price has increased by 1.19%, and for the week, it has increased by 9%.

Furthermore, Ethereum (ETH) has demonstrated a positive correlation with Bitcoin’s price this week. With Bitcoin already breaking $52,000, Ethereum is now reclaiming $2,800 for the first time since May 2022. Most likely, investors are supporting the uptrend by the positive momentum of BTC, combined with some speculation over the new Dencun upgrade and the possibility of a spot Ether ETF.

Michaël van de Poppe, MN Trading CEO & Founder and crypto analyst noted that Ethereum had remained somewhat stable as BTC pumped significantly indicating resilience from Bitcoin’s quick movements. This suggests that if Bitcoin levels off and consolidates its growth, then ETH might take off. Van de Poppe puts forward that the price of ETH could soon hit between $3,500 and $4,000.

At present, Ethereum is valued at $2,922.82 with a 24-hour trade volume of $13.26 billion and the market cap of $351.22 billion. The price of ETH has gone up by 3.80% in the last 24 hours, while it showed significant gains of over 16% on the weekly chart.

Filecoin (FIL) Garners Investor Interest with 13.34% Surge in Value


Filecoin (FIL) has recently become a focus for investors due to a huge price spike this week. According to data from CoinMarketcap, the altcoin experienced an impressive rise of 13.34% which drew significant interest from the crypto community. FIL’s surge was credited to remarkable progress within the project ecosystem.

Filecoin’s integration with Solana on February 17 was one of the most outstanding advancements. This partnership is aimed at making Solana’s block history more accessible and useful for various stakeholders by leveraging decentralized storage powered by Filecoin.. Such integration proves a shared commitment to decentralization, enabling other benefits like data redundancy, scalability, and increased security while retaining Solana’s own decentralized nature.

Moreover, Filecoin became a versatile platform for open data services from a decentralized storage network in 2023. Despite the use of storage being quite low, as well as the observed decrease in capacity through Q4 2023, FIL had considerably increased its active deals and client onboardings. Even now, with more than 1800 customers including those with huge datasets, Filecoin’s attraction for decentralized storage remains high.

However, the introduction of the Filecoin Virtual Machine (FVM) allows for smart contracts like Ethereum thereby making it possible to utilize defi. Looking forward to 2024, FIL seeks to have more innovation, concentrating on layer 2 computing and new applications so as to position itself as a web3 core storage layer. Its growth strategy is premised on partnerships and improving data retrieval methodologies.

Filecoin Short-term price prediction

At present, Filecoin’s price is trading at $6.14 with a 24-hour trading volume of $1.01B and a market capitalization of $3.14B. Within the last day, the FIL price rose slightly by 0.22%.

Changelly’s latest forecast suggests a potential 4.97% surge in FIL’s value, projecting it to hit $6.55 by February 19, 2024. Considering the indicators of market sentiment, Changelly’s technical indicators show that FIL is likely to trend bullish at an impressive total confidence level of approximately 87%. Moreover, The Fear & Greed Index depicts considerable investor confidence by scoring 76, which indicates extreme greed.

Based on historical price data and expert analysis, crypto specialists expect that FIL will average around $6.37 in February 2024. Again, based on these assumptions, there are fluctuations estimated between the minimum expected price of $5.90 and the maximum expected price of $6.84. With such projections, investors eye a potential ROI of 10.3%.

XRP Bulls Dominate: Targeting $1.88 – Analyst Insights


XRP appears to be hanging on the brink of an imminent uptrend, going by significant observations into its future price. The convergence of support and resistance levels reveals an imminent rise in prices. Despite the current volatility, XRP has demonstrated resilience, consistently achieving and surpassing key targets.

Crypto analyst Dark Defender has recently gone to the social media platform X (formerly Twitter) in order to offer his insights regarding the present trajectory pertaining to XRP’s price movement. Dark Defender’s analysis got deep into the complexities of the Weekly Heikin-Ashi Candles, a technical analysis tool that takes average prices through time giving a hint on probable move ahead in terms of the valuation of the token.

Dark Defender highlighted the significance of the conjunction between support and resistance levels, suggesting that a significant price movement for the token could be imminent within the next couple of weeks. On the one hand, a reminder by the analyst that he targeted the price for XRP at $0.89, although it was only at $0.27 at Wave 1. At the time, many doubted this, but eventually, it was reached.

The token has formed a new target for Wave 3 at $1.88, as per Dark Defender. The analyst once again re-emphasized that the critical support level at $0.6649 has held until now. Moreover, Dark Defender noted that the price structure they identified suggested a further expansion of Wave 3 towards $5.85, therefore adding another detail regarding the way the price of the token would potentially act out.

XRP Short-term Price Prediction

According to the latest data, the price of the token is trading at $0.547097, while it has had a 24-hour trading volume of $1.68 billion. The market capitalization for XRP stands at $29.85 billion. Over the last 24 hours, there has been a decrease of 2.40% in XRP price.

Changelly has published its recent Ripple price prediction that suggests the token’s value will rise by 23.91%. As per Changelly Forecast, by February 18th, the token could reach at least $0.7030. Technical indicators imply Ripple’s neutral bullish market sentiment of sentiment score at 55%. Similarly, the Fear & Greed Index, used to assess market sentiment, is reading 72 (Greed).

Drawing from historical price data, experts in the cryptocurrency field expect that by February 2024, the average token rate will be $0.666, while their lowest and highest anticipated values are $0.565 and $0.768, respectively. These numbers imply a potential ROI (Return on Investment) for XRP investors of approximately 34%.

XRP’s bullish movement as a whole indicates optimism in the market, with more gains expected within the next few weeks, according to experts. This optimistic view also supports an expectation of continued growth and potential returns for XRP holders.

TRON(TRX) Unveils Bitcoin Layer 2 Solution: TRX Price Soars Amid Milestones


TRON (TRX) founder Justin Sun announced a significant development for the platform, unveiling TRON’s Bitcoin Layer 2 solution and accompanying roadmap. This new initiative will add vitality to the number-one cryptocurrency towards its integration on the TRON network as the protocol that backs up the stablecoin market by $55 billion, the largest market globally, and a decentralized finance Total Value Locked (TVL) at $22 billion.

The roadmap consists of three phases that outline what TRON intends to achieve. In Stage α, efforts will focus on expanding cross-chain connections to bridge more Bitcoin network-based assets to TRON. Therefore, this will enable seamless interaction between various cryptocurrencies within Tron such as USDT, BTT, JST, WIN, NFT etc., and those existing in bitcoin network.

In Stage β, however, TRON will work together with numerous Bitcoin Layer 2 protocols in developing strategic partnerships that would further enable the development of enriched infrastructures for the Bitcoin Layer 2 ecosystem. Users will be able to participate in restaking initiatives across major Bitcoin Layer 2 networks, leveraging TRON’s diverse asset portfolio.

Stage γ is the major landmark as Layer 2 solution for connecting TRON, BTTC, and Bitcoin network. This solution also intends to keep the speed and low fee of POS systems and at the same time secure POW & UTXO, paving the way for a new era of blockchain interoperability.

TRON (TRX) Price Surges to $0.13: Highest Level Since May 2021

Following the announcement, the price of TRX surged to levels last seen in May 2021, reporting an 88.33% increase on the yearly chart. Generally, after such an announcement, communities get excited, not really being sure at what pace TRX will appreciate. Anticipation for the upcoming rally is on high, as evidenced by the sentiments expressed across social media platforms.

Source: CoinMarketcap

One enthusiastic Twitter user, reflecting the community’s optimism, remarked:

Let’s see if Tron can hold the 0.13$, but I’m getting my eyes slowly towards 0.15ct soon. Once we occupy that, ATH may be the next serious target to break.”

In addition to the excitement generated by TRON’s Bitcoin Layer 2 Solution, recent data underscores the platform’s growing prominence within the cryptocurrency ecosystem. Figures from IntotheBlock reveal a notable milestone achieved by TRON, with the transaction volume of Tether (USDT) on the TRON network exhibiting a robust upward trajectory. 

Since October 2023, daily on-chain transaction volumes have consistently surpassed $10 billion, making it the leading blockchain for USDT on-chain transactions. This remarkable feat highlights TRON’s ability to handle significant financial transactions effectively and securely thereby increasing users’ and investors’ interest in its use.

Moreover, TRON (TRX) has become one of the leaders in several of these important metrics among cryptocurrencies. For instance, it has surpassed other major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Cardano (ADA) by having the highest number of active addresses.

Ripple Expands Crypto Portfolio with Standard Custody Acquisition


In a recent press release, Ripple, has just announced the acquisition of Standard Custody & Trust Company. The strategic move shows the company’s commitment to legal compliance once more and increases its current product with the ability to tap into new opportunities in the market.

Paradigm shift towards purchase of Standard Custody is being fuelled by increased institutional interest in crypto and blockchain technology, which has been enabled by the availability of mature and high-security products and solutions meeting set regulatory standards.

Standard Custody’s limited-purpose trust charter and money transmitter licenses will become part of Ripple’s portfolio of regulatory licenses, which already includes the New York BitLicense, nearly 40 money transmitter licenses across the United States, a Major Payment Institution License from the Monetary Authority of Singapore, and Virtual Asset Service Provider registration from the Central Bank of Ireland.

Ripple President Monica Long underscored the firm’s commitment to provide access to enterprise in making use of blockchain across a wide array of financial use cases. She stated:

By expanding our licenses portfolio and making smart acquisitions, Ripple is well-positioned to take advantage of current market opportunities and further strengthen our crypto infrastructure solutions.

Ripple’s Global Momentum & Strategic Partnerships

The global momentum of Ripple remained in high gear by enlisting in its fold Standard Custody after last year’s acquisition of Metaco, a custody solution favored by banks worldwide. The firm had also announced custody partnerships with leading banks like HSBC, BBVA, and Zodia Custody, while its Ripple Payments offering was expanding into new territories such as Africa.

Standard Custody CEO Jack McDonald said in a statement about the collaboration that he was excited about it because of the company’s expertise, its relationships with financial institutions, and its strong product in payments and custody. “Together with Ripple, we will continue to innovate and expand our leadership position in providing crypto infrastructure,” McDonald said.

The transaction is subject to regulatory approval and standard closing conditions and is anticipated to close by the second quarter of 2022. TD Cowen is serving as the exclusive financial advisor to PolySign.

As previously reported by Tronweekly, XRP adoption received a significant boost following an announcement by Flare Network, a key partner. Flare Network revealed plans to integrate XRP into its network through LayerCake, marking a significant milestone in facilitating the seamless entry of XRP into various ecosystems.

Despite these positive development, the current price of XRP is $0.521195, with a 24-hour trading volume of $1.94B and a market cap of $28.41B. The price went down by 1.60% in the last 24 hours.

This acquisition further solidifies Ripple’s leadership position in enterprise blockchain and crypto solutions, increasing its focus on regulation while growing the product offering to serve a wider customer base.

Top Crypto Weekly Highlights: Bitcoin & ETH Surges, Altcoins Follow the Trend


Cryptocurrency markets have witnessed a significant surge in both Bitcoin (BTC) and Ethereum (ETH) prices, sparking a broader momentum across various altcoins. Out of a wide digital asset portfolio, the top performers could be seen in several, such as Kaspa (KAS) outperforming within the top 40 cryptocurrencies.

According to data provided by Santiment, the total market capitalization in cryptocurrencies saw some upswing, as last week posted a 5.9% hike. The trading volume, in addition, went up by 65.4% as compared to last week, indicating increased interest in altcoins. A period of high investor greed is often marked by a spike in market activity and a subsequent rise in prices.

Source: X

Kaspa (KAS) had clocked about 40% in value over the previous seven days, at its highest point of $0.147 before correcting a bit lower. At the time of this writing, KAS exchanges hands around $0.1396. Although, with the fact that over the last 24 hours, Kaspa trading performance has registered a 3.80% price drop and 8% decrease in trading volume, the momentum is still bullish.

Following closely behind, Immutable (IMX) has also witnessed substantial gains, securing the second position respectively. Immutable (IMX) recorded a remarkable 39% increase in value over the past week. IMX is currently trading at $2.98, with a 9% gain in the last 24 hours.

Similarly, Stacks (STX) garnered significant attention, securing the third position with a weekly surge of over 27%. Currently, STX is trading at $1.87 with a 1.81% price decrease and a 4.56% increase in trading volume within the last 24 hours.

Several other altcoins have also reported notable gains. Thorchain (RUNE), Sui (SUI), and Optimism (OP) saw increases in their weekly charts, with RUNE up by 20%, SUI by 16%, and OP showing a 15% increase, according to data from CoinMarketCap.

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

A recent analysis by Santiment noted that Bitcoin’s price observed an upsurge over the past week, with the cryptocurrency adding around 13% in value. Importantly, such upticks in price have seen traders speculate on the new support and resistance levels that may have been in place. Specifically, the expectation was that Bitcoin may soon break the barrier of $50,000. The price dynamics, however, over the weekend have started to shift as Bitcoin has broken those thresholds that were expected.

Source: X

Altcoins, which had previously played secondary roles, started to capture the attention of investors as Bitcoin’s dominance momentarily waned. This trend reflects a pattern observed throughout the ongoing bull cycle, which commenced in October.

During the bull cycle, the typical sequence of events unfolds in three distinct phases. First of all, there is a topping of the dominance in the market that is experienced by an unprecedented pump in the price of Bitcoin. Following this, investor confidence in the future value of Bitcoin is usually increased.

Subsequently, as profits from the Bitcoin surge slowly diversify into other cryptocurrencies, commonly referred to as altcoins, this kind of diversification usually results in some degree of greed that fuels more speculation in the market.

Although, altcoin season usually ends after the first thrust, with Bitcoin retracing mildly. What it does reflect, though, is the cyclicality within the cryptocurrency market, and more precisely, what it underpins is the necessity for awareness of investor sentiment and market mechanics.

Reaction from market participants to the second half of this weekend cycle will be important to observe. For one, if more speculative interest IN the altcoins is seen, that in itself might be a sign of moving to the third phase. The speculative activity may in itself have the potential to be explosive and could be yet another sign that this could be the final phase of the cycle, the one in which volatility and market dynamics soar.

Turning to Bitcoin’s current status, the price reads at $48,115, and trading volume stood at $35.70 billion over 24 hours, with a market capitalization of $944.27 billion. With a slight dip of -0.12% in the last 24 hours, Bitcoin has rallied by almost 13% over the previous week.

Further, Santiment indicated that the recent spike in Bitcoin’s trading volume has surged to a four-week high. This surge in trading volume coincided with the recent price frenzy, further underscoring the heightened activity and interest surrounding Bitcoin in the market.

Source: X

In contrast, the enormous surge of trading volume in Bitcoin has left most other cryptocurrencies largely dormant. Cryptocurrency analysts have also indicated that such a demand shift is likely to be one of the general points driving Ethereum’s price at this point and its market outlook.

For instance, one analyst, Dann Crypto, revealed an observation that the performance of Ethereum could be influenced by the performance of Bitcoin after the launch of the ETF. Moreover, market sentiments towards Bitcoin are expected to reverberate through to the performance of Grayscale’s ETHE holdings. Hence a successful performance by Bitcoin is expected to positively reverberate across the market dynamics of Ethereum.

Source: X

According to the analysis by Bitunix, a crypto derivatives exchange, Ethereum, recently skyrocketed to reach a crucial high price, breaking the huge resistance barrier set at $2,456. This may open the way for a re-test on this level in return, confirmation opportunities before the digital asset goes to the upside towards the target range indicated.

Source: X

Moreover, the prevailing market pattern has undergone a notable transformation, transitioning to a fully bullish stance. This shift is further substantiated by the impending culmination of an Elliott Wave cycle, suggesting a favorable environment for Ethereum’s continued upward momentum.

Currently, the price of Ethereum stands at $2,500.58, with a 24-hour trading volume of $11.04 billion and a market capitalization of $300.49 billion. While Ethereum experienced a decrease of -1.44% in the last 24 hours, it is up by 9% on the weekly chart.

Related Reading |  Ethereum Poised For Scalability Boost With Dencun Upgrade & Edolus Release

Kaspa (KAS) Surges 18% in 24 Hours, Eyes Set on $3 Target


Kaspa (KAS) has experienced notable price fluctuations of late, following a period of relative stability. Over the past day, KAS has demonstrated a strong upward trend, emerging as the leading performer in the volatile crypto market.

Notably, the bullish momentum for KAS may still have room for greater growth, and with potential catalysts in the offing, this is likely to propel the token towards new all-time highs above its previous peak of $0.1527.

Just a recent X post by renowned cryptocurrency analyst Daan de Rover outlined an optimistic prognosis for Kaspa’s future trajectory with several compelling rationales behind the coin’s prospective growth.

A standout feature of Kaspa lies in its fair launch mechanism, setting it apart from many other tokens in circulation. On the other hand, Kaspa does not have tokens reserved for listing purposes by means of exchanges, which can add to its potential growth to the upside upon being listed on key exchanges like Binance, Coinbase, and OKX.

De Rover has argued that such listings will mean that these exchanges will be required to purchase KAS tokens from the open market, and demand and liquidity for the token would be heightened.

Moreover, with the rising popularity of Kaspa and all the hype surrounding its development, De Rover has price targets that are realistic between $2 and $3 for the upcoming bullish phase, which would be a surge of up to 2650% from current levels.

While such high increases may se­em unlikely, advocates point to the­ project’s strong community and innovative technology as factors that could drive­ values significantly higher if mainstream adoption acce­lerates as predicte­d.

Kaspa (KAS) Short-term Price Prediction

At present, Kaspa is trading at $0.125720, boasting a robust 24-hour trading volume of $367.91 million and a market capitalization of $2.84 billion. Notably, the token has witnessed an impressive 17.87% surge in value over the past day, with weekly gains approaching 29%.

Looking forward, Changelly published its latest price prediction based on technical data, where it shows that Kaspa can rise around 7.03% to a mean average of $0.126300 by the 9th of February. Technical indicators in the market by Changelly are also on the bullish side, where 84% of the market sentiment is bullish, and the Fear & Greed Index records a score of 62, signaling that greed is presently winning amongst investors.

More so, cryptocurrency experts, using the insight from the dynamics of the price into the start of 2024, expect an average rate of Kaspa to amount to $0.121 in February, setting the minimum at $0.112 and the maximum at $0.131.

However, as the cryptocurrency market is unfolding, and Kaspa tends to follow, investors are positioned for further unfolding and paying close attention to the realization of their growth potential in the upcoming months.

Related Reading |  Analysts Bullish On Ethereum & Altcoin Market Potential 

TRON (TRX) Faces Price Correction Alert Despite USDT Surge & Tech Wins


TRON blockchain has garnered attention for its recent positive performance in industry reports. However, despite the optimistic outlook, market indicators are signaling a potential price correction looming on the horizon.

According to crypto analyst Ali Martinez analysis, the TD Sequential indicator on the TRX 3-day chart has issued a sell signal, suggesting an impending bearish trend that could persist for three to twelve days. This sentiment is further reinforced by a notable divergence between the TRX price and RSI, indicating a weakening momentum aligning with an anticipated bearish trajectory.

Source: X

While TRON’s market performance faces the prospect of a correction, recent data from Messari highlights the increasing prominence of USDT within the TRON network. In the fourth quarter, USDT volume on TRON surged by 11%, cementing the blockchain’s position as a major hub for stablecoins, with nearly half of all issued USDT circulating within its ecosystem.

Moreover, reports from DefiLlama underscore TRON’s dominance in the stablecoin arena, with USDT accounting for 95.59% of the total stablecoin market cap on the network and commanding approximately 71% of global stablecoin circulation.

The resilience and progress of TRON stem from its continuous focus on infrastructure and technological enhancements, bolstering its standing in the blockchain landscape. Key features such as the Delegated-Proof-of-Stake (DPoS) mechanism and TRON Virtual Machine (TVM) contribute to its scalability and adaptability, while a substantial Token Value Locked (TVL) reinforces its position as a frontrunner in blockchain innovation.

Meanwhile, insights from Reflexivity Research highlight TRON’s leadership in active account metrics, including wallet and contract accounts, underscoring its widespread adoption and engagement. With an average of 1.9 million daily active accounts, TRON leads among layer-1 blockchains, affirming its significance in the crypto sphere.

TRX Price: Potential Correction Amid Bullish Sentiment

Despite these positive developments, TRON’s native token, TRX, faces the prospect of a price correction, as indicated by the TD Sequential indicator and RSI divergence. Coincodex’s current TRON price prediction anticipates a decrease of -10.31% with TRX expected to reach $0.108775 by February 10, 2024. Nonetheless, current sentiment remains bullish, with a Fear & Greed Index reading of 64 (Greed).

Recent market activity reflects a tug-of-war between bulls and bears in the TRXUSD market. Following a bounce back from the intra-day low of $0.1179, bullish momentum propelled TRX to a 24-hour high of $0.1246, resulting in a 2.28% increase from the support level.

Despite short-term fluctuations, TRON has demonstrated resilience and growth over time. Over the last 30 days, TRX has surged by 17.65%, while the medium-term trend witnessed a 25.05% increase in the last 3 months. Looking further ahead, TRON’s long-term trajectory remains positive, with a remarkable 91.49% price change over the past year, showcasing its enduring appeal to investors and enthusiasts alike.

Related Reading |  Bitcoin Challenges Gold: Dueling Perspectives n The Future Of Value Storage 

Weekly Highlights: Bitcoin & Ethereum Hold Strong, Altcoins Surges


Bitcoin (BTC) and Ethereum (ETH) have managed to maintain their support levels, although altcoins are emerging as the stars of the show. Notable performers this week include Flare (FLR), Ronin (RON), and Chainlink (LINK), with impressive gains that have caught the attention of investors and analysts alike.

According to data from Samtiment, the overall cryptocurrency market cap has experienced a modest uptick of +0.5% over the past week, despite a notable -20.3% drop in trading volumes compared to the previous week. This trend signals a shifting focus from Bitcoin to altcoins, as evidenced by the standout performances of several assets.

Source: X

Flare (FLR) stole the spotlight with an outstanding 45% surge over the past week, reaching a peak of $0.3389. Currently trading at $0.03137, FLR demonstrates robust performance, boasting an 11.80% price increase and an impressive 160% surge in trading volume within the last 24 hours.

Ronin (RON) also made waves, securing the second position with a 35% gain over the past week. As of the latest data, RON is trading at $3.47, experiencing a 15.02% increase in price and a remarkable 140% surge in trading volume in the last 24 hours.

Chainlink (LINK) closely followed, claiming the third spot with a weekly increase of over 27%. LINK is currently trading at $18.58, LINK shows a 4.81% price increase and a 48.56% rise in trading volume within the last 24 hours.

In addition to these top performers, altcoins such as Immutable (IMX), Render (RNDR), and Sui (SUI) also reported gains in their weekly charts. IMX saw a 10% increase, RNDR gained 8%, and SUI showed a 7% uptick, according to data from CoinMarketCap.

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

Bitcoin’s recent price movements have encountered a persistent hurdle as it struggled to surpass the formidable $43,800 resistance level. Currently, the digital currency is at a critical juncture, facing the possibility of a substantial decline should it breach the $41,800 support level.

Despite making several attempts to gain momentum above the $43,000 and $43,200 resistance thresholds, Bitcoin has encountered resistance, indicating a challenging path for further upward movement.

A noteworthy insight from Santiment unveils a shift in sentiment dynamics within the crypto community. Traditionally, a surge in discussions about Bitcoin was viewed as a sign of fear. However, an interesting transformation has occurred since mid-2023, where the prevailing euphoria and optimism surrounding ETFs have turned high Bitcoin discussions into a greed indicator.

This shift in sentiment is attributed to arguably unrealistic expectations for the cryptocurrency markets. Three weeks after the Securities and Exchange Commission (SEC) approved Bitcoin ETFs, there are indications that this sentiment indicator is gradually normalizing.

However, there is a cautionary note – an overemphasis on discussions about alternative cryptocurrencies (altcoins) could turn the sentiment towards Bitcoin bearish, particularly if altcoins outperform the leading cryptocurrency in the initial week of February.

In contrast to previous instances where spikes in Bitcoin’s social dominance signaled predictable market tops, a negative spike now suggests that the digital asset is being overlooked once again. Investors seem to be eagerly diverting their attention and over-leveraging portfolios towards altcoins, a phenomenon that might signify a shift in market dynamics.

According to the analysis provided by renowned crypto analyst Michaël van de Poppe, Bitcoin finds itself in a range-bound scenario, with markets currently in a state of equilibrium.

Source: X

Looking ahead, Van de Poppe anticipates a final push towards $48,000 before the impending halving, followed by a consolidation phase. The breakout towards an all-time high is projected to occur in the third or fourth quarter of 2024.

As of the latest update, the current Bitcoin price is $43,041, reflecting a 0.57% increase in the last 24 hours and a 3% rise in the past week. The market cap stands at an impressive $844.41 billion, accompanied by a 24-hour trading volume of $28.80 billion.

Shifting focus to Ethereum, the second-largest cryptocurrency by market capitalization, it has demonstrated stability by holding above the $2,300 mark. Analysts are drawing attention to Ethereum’s potential for a significant price surge.

Analyst Ali Martinez points out a substantial outflow of nearly 510,000 ETH, equivalent to approximately $1.22 billion, from known exchange wallets over the past three weeks. This massive outflow is interpreted as a positive signal, indicating strong holder sentiment and potentially reducing selling pressure in the market.

Source: X

Presently, Ethereum is valued at $2,327.69, reflecting a 1.03% increase in the last 24 hours. The market cap stands at $279.75 billion, with a 24-hour trading volume of $10.43 billion.

Michaël van de Poppe, in an additional perspective shared via a X post, underscores Ethereum’s resilience at the crucial support level of $2,150. As long as this support holds and the incremental upward momentum persists, he maintains an optimistic outlook, suggesting a potential surge to $3,000 or more in the second quarter of the year.

Related Reading | Polygon Dominates NFTs: 16M Minted In 6-Month 

Dogecoin Surging Addresses & Bullish Momentum Spark February Excitement


Dogecoin (DOGE) is gaining attention once again. As the market experiences a renewed sense of recovery, meme coins are gearing up for a comeback in the upcoming month of February. Among the emerging trends, the DOGE price trend has shown signs of a swift reversal.

Crypto analyst Ali Martinez, in a recent post on X, shared insights indicating a remarkable surge in growth within the Dogecoin network. Over the past week, the number of new addresses has skyrocketed by an astonishing 1,100%.

Notably, on January 29 alone, an unprecedented 247,240 new DOGE addresses were created, setting an all-time high. If this sustained uptrend in network expansion continues, it could potentially have a positive impact on the price of DOGE.

Dogecoin Price Analysis & Prediction

As of the latest available data, Dogecoin is currently trading at $0.081063, with a 24-hour trading volume of $1.03 billion and a market cap of $11.58 billion. Despite experiencing a slight 1.65% decrease in the last 24 hours, DOGE has managed to secure a 6% increase in the past week.

Changelly, a prominent cryptocurrency exchange, has released its most recent Dogecoin price forecast, suggesting a marginal 0.05% increase that could propel the value to $0.082025 by January 31, 2024. According to Changelly’s analysis of technical indicators, the prevailing market sentiment is bearish, with a Bearish Bearish score of 55% and a Fear & Greed Index registering at 55 (Greed).

Taking into account the price fluctuations witnessed at the beginning of 2023, industry experts anticipate an average DOGE rate of $0.0827 in January 2024. The projected minimum and maximum prices are expected to hover around $0.0816 and $0.0838, respectively.

Investors and enthusiasts alike are now closely monitoring Dogecoin’s movements, eagerly awaiting to see if the meme coin will indeed “pop” and break through in the coming weeks. The surge in new addresses and the positive outlook from analysts indicate that Dogecoin may continue to be a focal point of interest in the cryptocurrency market.

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Weekly Highlights: Bitcoin & Ethereum Surges, Altcoins Follow


The past week saw Bitcoin (BTC) rebounding and reclaiming a pivotal $42,000 level, while Ethereum (ETH) experienced a modest uptick in its price. However, the real stars of the week were several altcoins, with Manta Network (MANTA) leading the pack, followed by Sui (SUI) and Conflux (CFX), showcasing impressive gains in the top 90 cryptocurrencies.

Manta Network (MANTA) stole the spotlight with an astounding 50% surge over the week, reaching a peak of $3.83. Presently, MANTA is trading at $3.66, exhibiting robust performance with a 0.80% increase in the last 24 hours.

Sui (SUI) also made waves, achieving a 35% gain during the week. Despite a 1.02% decrease in price, SUI is currently trading at $1.40, demonstrating resilience in the market.

Conflux (CFX) garnered significant attention, boasting a weekly increase of over 33%. Trading at $0.242, CFX experienced a 10.81% price increase and an impressive 31.56% surge in trading volume within the last 24 hours.

Additionally, notable altcoins like Internet Computer (ICP), Solana (SOL), and Avalanche (AVAX) reported gains in their weekly charts, with ICP up by 11%, SOL by 10%, and AVAX showing a 9% increase, according to data from CoinMarketCap.

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

In the past week, Bitcoin experienced a decline, retracing to $38.5K before a slight recovery to $42,007 today, according to Santiment. However, this upward movement in Bitcoin contrasts with the lackluster performance of altcoins.

Source: X

The SP500 recently achieved a new All-Time High, leading to speculation that Bitcoin and other major cryptocurrencies might “regress to the mean” and catch up with the bullish trend in equity markets. The cryptocurrency sector has notably lagged behind stock markets since diverging on January 17th.

Crypto analyst CryptoCon emphasized a historical pattern, stating that no Bitcoin cycle mid-top has occurred without revisiting the Monthly Least Square Moving Average. The current value of this moving average is $30,358, and despite its steady increase, Bitcoin’s price has not come close to testing this crucial support.

Source: X

However, long-term data observations, including the 2019 example, suggest caution regarding claims that the market has hit its low. CryptoCon’s estimate anticipates a move to the low $30K region by February or March.

As of now, Bitcoin is priced at $42,007, with a 24-hour trading volume of $20.35 billion and a market cap of $823.85 billion. In the last 24 hours, Bitcoin experienced a 1.19% decrease, while the weekly chart shows a 3% increase.

Meanwhile, Ethereum (ETH) has shown signs of recovery, particularly around the $2200 level. Notable long-tail rejection candles on its daily chart suggest a decrease in bearish momentum. This positive shift coincides with Bitcoin stabilizing above $40,000 and a broader uptick in the altcoin markets, sparking a new relief rally.

Over the recent fortnight, Ethereum experienced a significant correction, dropping from $2714 to a low of $2168, marking a 20% decrease. During this pullback, the coin price broke below the channel pattern’s support trendline, which had supported a recovery rally for nearly three months.

As of now, Ethereum is priced at $2,284.43, with a 24-hour trading volume of $7.00 billion and a market cap of $274.55 billion. In the last 24 hours, Ethereum experienced a 0.98% decrease.

However, Ethereum demonstrated resilience around the $2200 mark, reclaiming the breached support trendline and triggering additional buying orders in the market. The reversal marked the prior downfall as a ‘Bear Trap,’ with evidence of considerable short liquidation.

Source: Tradingview.com

Looking ahead, Ethereum’s ability to maintain its position above the reclaimed support at $2200 is crucial. If successful, it could initiate a 6.85% relief rally, aiming for the $2430 level.

However, a significant obstacle lies at this immediate resistance level, corresponding to the 50% Fibonacci retracement of the recent correction. To continue its upward trajectory and potentially retest the $2700 mark, Ethereum must break above this critical barrier, gaining further momentum in the process.

Related Reading |  RippleX Engineer Proposes Bold Overhaul for XRPL Foundation Governance

Weekly Watch: Bears Takeover Bitcoin & ETH, Altcoins Suffer Significant Losses


Bitcoin and Ethereum remained within a narrow trading range below crucial resistance levels. The cryptocurrency market experienced a decline in positive sentiment last week, presenting a challenge for bullish investors grappling with the prevailing bearish momentum.

As a consequence, the overall market outlook was adversely affected. In the weekly chart, several altcoins registered significant declines, while certain low-cap altcoins managed to secure gains amid market fluctuations.

Ronin (RON) is at the top of the list of low-cap altcoins experiencing significant gains this week, followed by Siacoin (SC) and Astar (ASTR) in second and third place, respectively.

Ronin (RON) has emerged as a frontrunner among the top 100 tokens by market capitalization, experiencing a notable surge of 33% over the past week. Presently, RON is valued at $2.37, showcasing a 2.30% uptick in its price within the last 24 hours and a substantial 29.32% rise in trading volume.

Simultaneously, Siacoin (SC) has garnered significant community attention due to its noteworthy weekly performance, securing the second position in terms of gains. Over the past week, SC has seen an impressive increase of approximately 28.53%. The current trading value for the token is $0.01275, reflecting a modest 1.40% rise in the last 24 hours.

Furthermore, Astar (ASTR) has captured significant interest, exhibiting a noteworthy 27.43% increase in the weekly chart. ASTR is currently trading at $0.1901 showcasing a slight decrease of 0.90% in its price and 4% decrease in its trading volume in the last 24 hours.

Moreover, popular coins are experiencing a decline in weekly charts, including AVAX at 12%, DOT at 11%, and MATIC at 10%, with a decrease of 10%, according to the data from CoinMarketcap. 

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

Cryptocurrency markets, including Ethereum and Bitcoin, have experienced a recent downturn as investors reacted to the news about the spot Bitcoin ETF. This phenomenon is typical, where an asset sees a rally leading up to a major event, only to pull back afterward because the event’s impact was already anticipated by the market.

Crypto analyst CryptoCon noted that the mid-cycle top for Bitcoin occurred slightly faster than in previous cycles but slower than in the third cycle. The timing of the mid-top in 2019, although a year earlier than usual, did not alter the overall cycle top, which occurred around November 28th, 2021, plus or minus 21 days.

Despite various theories about accelerated cycles, there is currently no substantial evidence suggesting such acceleration. The possibility of a correction in Bitcoin’s price remains, even with the introduction of ETFs. The analyst emphasizes that this time is not different until proven otherwise.

Looking ahead, the period after November 28th, 2024, is anticipated to bring new all-time highs and explosive growth for the cryptocurrency market. The current year is seen as a foundational phase for these developments.

As of now, the Bitcoin price stands at $41,000, with a 24-hour trading volume of $19.07 billion and a market cap of $803.80 billion. Bitcoin has experienced a percentage decrease in the last 24 hours and a 4% decline in the weekly chart.

Meanwhile, Ethereum’s price has retreated in recent days amid a decrease in sentiment across the crypto industry. After reaching $2,717 on January 12th, Ethereum has entered a correction phase.

Crypto analyst Ali Martinez points out that Ethereum is currently in a crucial demand zone, ranging between $2,388 and $2,460. Maintaining support in this range could pave the way for upward movement, but a failure to do so might lead to a pullback to the next significant support area around $2,000.

As of the latest data, Ethereum is priced at $2,411.98, with a 24-hour trading volume of $7.17 billion and a market cap of $289.87 billion. Ethereum has experienced a 2.76% decrease in the last 24 hours.

Related Reading |  XRP Advocate Slams SEC Over Bitcoin Analogy In Coinbase Lawsuit 

XRP’s $5.85 Horizon and Tactical Insights Unveiled


Crypto analyst Egrag Crypto shared a comprehensive analysis of the XRP market, introducing the concept of the White Flame Range and delving into the intricacies of Structural Formation, Sentiment Status, Macro Range, and Psychological Zone.

According to the October 27th, 2023 X post, a clear perspective on the current state of the XRP market, which has been on a retracement journey for the past 191 days since a notable pump in July. Despite the extended period of market turbulence, the MACRO outlook remains steadfast, presenting both challenges and potential opportunities for investors.

Within the tumultuous sea of market fluctuations, Egrag Crypto introduces the White Flame Range, characterized as an inferno that may either scorch traders or present a rare buying opportunity. The key to success in this volatile environment lies in strategically placing limited buy orders, emphasizing the importance of careful and calculated moves in the current market climate.

Addressing the XRP community, Egrag Crypto encourages holders to stay steady and maintain faith in the face of the ongoing trial of patience. The White Flame may flicker, but the potential payoff is promised to those who endure the storm. The analyst assures that the challenges faced are a testament to future rewards, urging investors to let the journey unfold.

XRP Structural, Sentiment, & Psychology Analysis

The detailed analysis categorizes XRP based on specific price ranges. The range of 0.54c to 0.58c is identified as the make-or-break range for XRP, playing a pivotal role in market dynamics since May 2022. Recent weeks have seen a robust foundation being laid, hinting at the potential for the next bullish run.

Additionally, the zone of 0.63c-0.70c marks a critical juncture where market sentiment begins to shift. Traders and investors are advised to closely monitor this range, as shifts in sentiment can serve as contrarian indicators for seizing price opportunities and managing risk.

Moreover, the $0.93 to $1 range is described as a psychological battlefield, where emotions such as fear, greed, anxiety, and overconfidence come into play. Traders are cautioned to exercise discipline, stick to their plans, and resist the influence of cognitive biases to navigate this challenging terrain successfully.

XRP’s Potential Double Tap & $5.85 Horizon

Another crypto analyst joins the discussion, focusing on the daily time frame. The support at the daily line (green) and RSI figures indicate that XRP is close to the oversold area. The analyst suggests a potential double tap on both RSI and price figures, highlighting a daily support level at $0.52.

Furthermore, the analyst introduces the concept of Elliott Waves, predicting potential targets for the 3rd Wave at $1.88 and $5.85. The completion of the 2nd Elliott Wave is contingent on market conditions, with a warning that the 2nd Wave could extend towards $0.39 if markets continue to suffer.

The analyst reiterates the unchanged targets for the 3rd Wave, with daily resistances at $0.60. The final line emphasizes the importance of the level at $0.6649, serving as a crucial marker in the ongoing XRP market dynamics. Investors are urged to carefully consider these insights as they navigate the intricate landscape of the crypto market.

XRP is currently valued at $0.550443, and over the last 24 hours, it saw a slight uptick of 0.20%. The 24-hour trading volume stands at a substantial $1.98 billion, contributing to its overall market cap of $29.91 billion.

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XRP Chart Analysis: Blue Vs. Red Channels And Price Predictions


The XRP chart has been dissected into a complex web of Blue Channel versus Red Channel dynamics, offering intriguing insights and potential price predictions for the cryptocurrency. According to the recent analysis by market expert EGRAG CRYPTO, firstly, the Blue Channel and Red Channel are in focus, with the possibility of a convergence signaling a precarious scenario for XRP.

The analysis suggests a potential flash crash to 0.28c, followed by a subsequent rise to 0.41c if the Blue Channel aligns with the Red Channel. Notably, XRP has been navigating the blue channel for an extended period, nearly 600 days, since its breakout in May 2022.

In contrast, the time spent in the red channel before a significant surge was 580 days. Despite facing formidable resistance in the mid to high boundary of the blue channel, the lower boundary remains resilient, characterized by consistent higher lows. The looming threat of a BTC drop dragging XRP along is highlighted, especially if market makers exploit the remaining weak hands.

XRP Upper Targets For Bullish Confirmation

Moving on, the analysis delves into upper targets for a confirmative bull run. To validate a bullish trend, close attention should be paid to upper targets such as 0.60c, 0.75c, 0.95c, and $1.3. Achieving a weekly close above any of these levels is seen as a sign of robust support and a sustained upward trajectory. These targets, rooted in channel analysis, provide essential insights into significant price behavior.

In considering potential percentage moves reminiscent of the 2017-2018 era, the analysis suggests a plausible scenario of a 50% drop. Preparing for all possible outcomes is emphasized as a key to success in this dynamic market. A caution against leveraging is stressed to avoid falling victim to being #REKTED. Despite the challenges presented by this scenario, it is also seen as a generational buying opportunity.

The rallying cry to the XRPArmy to stay steady echoes through the analysis, suggesting that market makers may engineer an independent surge, potentially propelling XRP to $5. The 90-day bet endures, and even in the worst-case scenario, the advice is to seize the opportunity to obtain XRP at a more favorable price.

XRP Attorney Raises Concerns Over Long-Term Value Decline Against BTC and ETH


XRP attorney Bill Morgan has expressed deep concerns over the prolonged decline of XRP’s value against Bitcoin (BTC) and Ethereum (ETH). Morgan, known for his insights into the legal landscape surrounding Ripple and its native cryptocurrency, questioned the underlying factors contributing to this concerning trend. Morgan highlights a peculiar pattern in the cryptocurrency’s price dynamics, noting that while it tends to move in tandem with the broader market, it has consistently experienced a gradual decline in value against BTC and ETH over the past five years. The statistics provided by Morgan are alarming, showing an 84.85% decline against BTC and a staggering 91.58% drop against Ethereum during the same period.

Initially, Morgan considered the possibility that the protracted legal battle against Ripple could be the primary driver behind the declining value of the cryptocurrency. However, he now questions this hypothesis, pointing to a series of positive developments for the coin in the latter half of 2023, which failed to produce a sustained reversal of the downward trend.

Morgan observed:

Despite a slew of favorable decisions and legal clarity for XRP post the 2023 judgment, we witnessed only a short-lived reversal in the XRP price decline against BTC and Ethereum. The subsequent six months saw a substantial fall in XRP’s value against these assets.

A Fleeting Impact On XRP

The attorney dismisses the notion that the ongoing lawsuit against Ripple is the main cause of the cryptocurrency’s struggles. He is equally confident that factors such as the escrow or release of coins from escrow do not bear responsibility for the digital asset’s extended decline. This leaves Morgan and the cryptocurrency community pondering the ultimate question: What is the main cause behind XRP’s long-term depreciation against BTC and ETH?

Morgan’s inquiry has sparked a flurry of discussions within the crypto space, with experts and enthusiasts speculating on potential explanations. Some suggest that XRP’s use case and utility may be trailing behind that of Bitcoin and Ethereum, contributing to its diminishing comparative value. Others ponder macroeconomic factors, market sentiment, or technological challenges that may be hindering the cryptocurrency’s performance. The question of XRP’s sustained decline against BTC and ETH remains an enigma, challenging the conventional wisdom of market behavior.

Bitcoin’s Bleeding: 11% Plunge Erases New Year Gains, Dips Toward $40k Zone


The price of the world’s leading cryptocurrency, Bitcoin, has taken a nosedive, plunging 11% in a weekly chart that now hovers dangerously close to the $40,000 zone. This stark reversal erases all the gains made during the promising early weeks of 2024. The slump comes in the wake of the much-anticipated approval of Bitcoin spot ETFs by US securities regulators just a week ago.

Source: Coinmarketcap

Bitcoin Spot ETF Approval Fails to Boost Prices

Since the commencement of spot Bitcoin ETF trading on January 11, the digital currency has experienced a significant setback, plummeting 6.6% from its lofty heights of nearly $49,000 to the current value of $40,993.46 at the time of reporting. This unexpected turn of events is raising questions among crypto enthusiasts, particularly those who had heralded spot ETFs as a watershed moment for the crypto market.

One plausible explanation for this downturn revolves around the Grayscale Bitcoin Trust (GBTC), a publicly listed Bitcoin warehouse that played a pivotal role in advocating for the legalization of US spot ETFs. GBTC, which had been operating as a Bitcoin lobster pot since 2017, converted to an ETF last week, allowing backers their first chance to reclaim the approximately $28 billion worth of BTC it had accumulated.

However, in the four days following spot ETF approval, GBTC has witnessed redemptions exceeding $1.6 billion. Analysts suggest that this might be a result of investors cashing out rather than reallocating their assets to cheaper ETFs. The situation is further complicated by the fact that GBTC investors, who had previously bought the fund at a significant discount to NAV in anticipation of its eventual ETF conversion, are now taking full profits by exiting the BTC space altogether.

Industry experts, including JPMorgan analyst Nikolaos Panigirtzoglou, predict that an overhang from these previously trapped GBTC punters could persist, potentially putting further pressure on BTC prices in the coming weeks. The outflows from GBTC have also prompted discussions about lowering fees to remain competitive with other spot ETFs.

BITO’s Impact: Futures-Based ETFs Add to the Woes

Additionally, BTC’s decline is not limited to the US market. Canadian and European exchange-traded products (ETPs) have witnessed substantial outflows in the past week as investors opt for cheaper US ETFs. The ProShares Bitcoin Strategy ETF (BITO), a futures-based fund with over $2 billion in assets under management, is also making waves. Although it holds no actual Bitcoin, it accounts for a staggering 36% of Bitcoin contract open interest at the CME Group’s exchange. As BITO and other futures-based funds experience outflows, they may be forced to close long positions in the futures market, adding further downward pressure on Bitcoin prices.

Ripple’s $0.55 Struggle: Analysts Split, Eyes on 500% Surge Post-Correction


Ripple’s XRP is currently navigating turbulent waters as it strives to maintain stability at the crucial $0.55 support level. Analysts are divided on the coin’s immediate future, with contrasting outlooks painting a complex picture for investors.

Ripple (XRP) Struggles at $0.55 Support

Crypto analyst Ali Martinez has pointed out that $XRP is currently struggling to sustain its position at the critical support level of $0.55. If this support proves inadequate, brace yourself for a potential scenario of selling pressure, potentially causing XRP to drop towards $0.34.

As of the latest data, XRP is valued at $0.562479, displaying a 24-hour trading volume of $1.42 billion and a market cap of $30.57 billion. Over the past 24 hours, the price has dipped by 1.36%, contributing to a 9% decrease in the last week.

Changelly has released its latest Ripple price prediction. According to their analysis, XRP’s value is anticipated to surge by 23.41%, reaching $0.702728 by January 19. However, this optimistic projection contrasts with the current market sentiment, as indicated by Changelly’s technical indicators, which signal a 28% Bearish sentiment on Ripple.

The Fear & Greed Index, a barometer of market sentiment, reports a score of 60 (Greed), reflecting the uncertainty and mixed emotions surrounding XRP’s future trajectory.

XRP Anticipates 500% Surge Post-Correction

Crypto analyst EGRAG maintains a bullish outlook for XRP, predicting an impressive 500% surge for the digital asset once the ongoing correction phase concludes. This optimistic forecast comes as an update to EGRAG’s previous analysis, published in December, which hinted at an imminent price explosion for XRP.

EGRAG’s December report cleverly referred to the expected rally as an “XRP crash,” utilizing an inverted chart for emphasis. Despite the ironic nomenclature, the analyst accurately foresaw a correction before the projected price surge. At the time of the initial analysis, XRP was valued at $0.6353, steadily moving upward.

The analysis emphasized a trendline representing XRP’s support levels over different periods, sloping upward due to consistent support at higher lows. However, the cryptocurrency faced challenges as it retested this trendline following price dips over the past three years.

Historical data reveals that XRP encountered similar scenarios from June 2014 to December 2017, experiencing four slumps that led to retests of the supporting trendline. After the fourth retest, XRP skyrocketed to an all-time high of $3.31 in January 2018.

EGRAG believes history is poised to repeat itself, with the ongoing correction mirroring past patterns. The analyst anticipates a substantial 500% rally once the correction concludes, propelling XRP to the $2.8 price territory.

According to EGRAG, this surge marks the beginning of a more significant rally for XRP. Investors now watch closely as the digital asset teeters on the edge of a critical support level, awaiting the outcome of this intriguing chapter in XRP’s price history.

Related Reading |  BNB Update: Rebounds to $319.02 Amidst Volatility, Targets $338.23 

Cardano (ADA) Price Surge Lessons Vs. K33 Research’s Bearish Outlook


Cardano (ADA) finds itself at a crossroads, with conflicting analyses from prominent voices in the crypto community. While the renowned K33 Research urges investors to abandon ship, citing a lack of meaningful activity within the Cardano network, a YouTube channel named “Crypto ZX” paints a contrasting picture, predicting a potential surge in the coming months.

K33 Research’s Grim Outlook For Cardano:

K33 Research, a prominent voice in the crypto analysis sphere, claims that the Cardano network’s native token, Ada, lacks any substantial value due to the absence of meaningful use. According to their report, the blockchain’s daily transactions, touted by supporters, primarily involve exchange transfers, with a dearth of evidence indicating real-world application.

One glaring example of this alleged inactivity is the absence of major stablecoins like USDT or USDC on the network, a standard in vibrant decentralized finance (DeFi) ecosystems. The report argues that without traction and with years of history, Cardano’s future looks bleak, drawing parallels to failed projects like IOTA, NEO, EOS, and Concordium.

Despite Ada’s current market capitalization of $19 billion, K33 Research suggests that this valuation is unsustainable in the long run. The coin’s failure to rally alongside other stronger smart contract tokens during market improvements raises concerns about its viability.

Crypto ZX’s Optimistic Perspective:

In stark contrast, the “Crypto ZX” YouTube channel provides a more optimistic outlook for Cardano investors. The analyst points to historical trends, drawing parallels between ADA’s current state and its bottom points in 2018. Drawing attention to Cardano’s historic surge from a low of $0.0282 to a peak of $3.12, the analyst emphasizes a staggering 10,963% surge.

The key takeaway from Crypto ZX’s analysis is the importance of learning from past trends. Comparing the current consolidation phase of ADA with the 2018 cycle, the video suggests that Cardano may experience significant market movements in the coming months, potentially in May or June.

Acknowledging the frustrations of current investors amid a 30-day decline of 10%, the analyst advises a strategy of dollar-cost averaging, urging viewers to conduct thorough due diligence and research before making investment decisions.

Source: Coinmarketcap

Whether ADA will succumb to the bearish predictions of K33 Research or experience a resurgence as anticipated by Crypto ZX remains uncertain, underscoring the unpredictable nature of the volatile crypto market.

Bitcoin ETF Bonanza: A Closer Look At Launch Success


K33 Research released the latest report revealing that the launch of new U.S. Bitcoin ETFs has garnered significant attention, with an impressive 47,654 BTC in inflows and seeding within the first two days of trading. Despite this success, the overall market response has been lackluster due to substantial outflows from the Grayscale Bitcoin Trust (GBTC) and the new ETFs.

Structural and Psychological Factors Behind Bitcoin (BTC) Tumble

The net positive flow from the U.S. ETF launches stands at 15,540 BTC, reflecting the impact of both structural and basic market psychology factors. GBTC, a star performer in 2023, experienced a remarkable transformation, narrowing its discount to NAV from -45% to 0% in the past seven months, outpacing BTC’s performance. The launch of GBTC at higher fees compared to its peers incentivized investors to rotate funds to other alternatives, contributing to outflows.

Tactical traders, capitalizing on the narrowing discount, seized the conversion as an opportune moment to realize profits. Additionally, heightened expectations surrounding the ETF launch led to selling pressure from traders, exaggerating the directional impact on BTC and contributing to its tumble.

Other U.S. products, including the BITO ETF, faced post-launch outflows, causing selling pressure on CME and affecting market dynamics. BITO saw net outflows of 6,975 BTC, coinciding with profit realization on CME and market makers hedging pent-up flow exposure, driving CME’s futures premiums lower.

BlackRock’s iShares and Fidelity’s Wise Origin BTC ETFs emerged as frontrunners, accumulating inflows of $710 million (16,382 BTC) and $524 million (12,132 BTC), respectively, in their first three trading days. In contrast, Grayscale witnessed outflows of $1.173 billion, indicating a significant rotation away from the established fund.

Global Implications, BTC Flows Beyond U.S. Borders

Global implications of the BTC flows were evident as BTC held in exchange-traded products worldwide amounted to 864,719 BTC. Following the U.S. spot ETF approval, Canadian and European BTC ETPs experienced substantial outflows alongside U.S. futures-based ETFs. Despite U.S. spot ETFs netting 20,667 BTC in inflows from January 10 to 16, global outflows from other products resulted in a net five-day inflow of 7,141 BTC.

With U.S. BTC ETFs now representing 80% of the global BTC ETP market, the report anticipates ETF flows to remain a crucial price driver for Bitcoin, especially within the U.S. market. Currently, 4.4% of the circulating Bitcoin supply is held in BTC ETPs globally, a figure expected to rise in 2024 as the market continues to evolve.

Weekly Watch: Bitcoin’s Retreat, Ethereum’s Resilience, and ENS’s 98% Surge


In a week marked by notable fluctuations in the cryptocurrency market, Bitcoin faced a retracement to $41.9K, triggering varied performances across the altcoin landscape. While Bitcoin experienced a modest decline, Ethereum showcased resilience, and certain lower-cap altcoins emerged as stars with remarkable gains.

Topping the list of standout performers among lower-cap altcoins was the Ethereum Name Service (ENS), which experienced an extraordinary 98% surge over the past week. ENS reached a peak of $27.42 and, as of the latest data, is trading at $24.04, demonstrating sustained strength with a 3.80% increase in the last 24 hours.

Following closely, Sui (SUI) made waves with a 50% gain during the same period. However, despite its robust weekly performance, SUI is currently trading at $1.27, reflecting a 5.46% decrease in price and a notable 47.40% drop in trading volume over the last 24 hours.

Ethereum Classic (ETC) also attracted significant attention, recording a weekly increase of over 36%. Presently, ETC is trading at $27.05, accompanied by a 5.81% price decrease and a 45.56% decrease in trading volume within the last 24 hours.

Other lower-cap altcoins, including Helium (HNT), Celistia (TIA), and Tezos (XTZ), reported positive performances in their weekly charts. HNT boasts gains with 31%, TIA 26%, and XTZ 25%, respectively, according to data from CoinMarketCap.

Bitcoin & Ethereum Weekly Review

Bitcoin underwent a downturn this week, retracing to $41.9K. On January 11th, Santiment noted that the recent approval of Bitcoin ETFs might lead to a modest decrease in active wallets on Bitcoin’s blockchain. While this is not expected to impact the price significantly, some traders might shift from their existing $BTC wallets to embrace ETF exposure.

Crypto analyst Ali observed that over the past two weeks, every buy or sell signal on the Bitcoin 4-hour chart from TD Sequential has proven accurate. Notably, after the recent decline, this indicator generated a buy signal. If $BTC can maintain a position above $42,200, a potential rebound to $44,300 or $45,500 could be in store.

As of today, Bitcoin is priced at $42,574, boasting a 24-hour trading volume of $25.74B and a market cap of $ 827.39 B. Over the last 24 hours, the BTC price has dipped by 1.67%, contributing to a 4% decrease over the past week.

Additionally, Santiment shared via X post that sentiment toward top-cap assets remains notably optimistic during the weekend, especially following the ETF approvals. Traders exhibit a particularly bullish stance towards Ethereum, especially after its market value surpassed $2,700 for the first time.

Moreover, Ali emphasized that despite the recent market shakeout, Ethereum broke out from an ascending triangle on the weekly chart. Amidst short-term volatility, $ETH maintains its target of reaching $3,400.

Currently, the Ethereum price is $2,530.60, accompanied by a 24-hour trading volume of $13.21B and a market cap of $ 301.85 B. Despite a 2.20% dip in the last 24 hours, Ethereum remains resilient in the weekly chart, showcasing an almost 12% gain.

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GMX on the Rise: $90 Target – Will It Break the $59 Barrier Soon?


GMX has emerged as a subject of keen interest for investors and analysts alike. Over the past week, GMX’s price has experienced notable fluctuations, leaving traders eagerly anticipating potential developments.

As of last week, the coin has marked a 6.32% change in the past seven days. The coin’s current price stands at $54.69, accompanied by a 24-hour trading volume of $79.21 million and a market capitalization of $511.21 million. However, the cryptocurrency has witnessed a 5.70% decline in the last 24 hours, adding an element of uncertainty to its recent performance.

In a recent X post, Crypto analyst Ali Martinez highlighted that GMX is currently displaying notable signs of a potential breakout from a head-and-shoulders pattern in its price chart. The emergence of a consistent 3-day candlestick close above the $59 mark appears to be a critical juncture. This development could serve as a trigger for an upward momentum, setting the stage for a bullish rally.

If this pattern continues, there is growing anticipation that the coin could experience a substantial surge, aiming for an ambitious target of $90. Investors and market participants are closely monitoring these technical indicators, and a successful breach above $59 could mark the beginning of a significant positive trend for the stock.

GMX Price Prediction

Changelly, a prominent name in the crypto forecasting arena, has offered a short-term forecast, anticipating a 10.18% increase in GMX’s value. According to Changelly’s prediction, GMX could reach $61.67 by January 14.

Technical indicators from Changelly also contribute to the positive sentiment surrounding the coin, with a Bullish 93% market sentiment. Meanwhile, the Fear & Greed Index stands at 71, indicating a prevailing sense of greed among investors.

Experts look back at GMX’s price fluctuations at the beginning of 2023. Based on these historical patterns, crypto analysts predict an average GMX rate of $59.56 in January 2024. The projected range suggests a minimum price of $54.66 and a maximum of $64.45.

As the coin continues to capture the attention of the crypto community, investors remain vigilant, eager to see whether the anticipated bullish momentum will materialize or if further market volatility lies ahead. 

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PEPE Breakout: Analysts Predict Surge to $0.0000019, Reflecting 31% Gain


In a recent post on X, crypto analyst Ali Martinez shared insights on the potential breakout of $PEPE from a descending parallel channel, hinting at a bullish momentum for the meme coin. According to Martinez, if the breakout is confirmed, the memecoin could advance towards $0.0000016 or even $0.0000019.

The surge in PEPE’s price coincides with the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission (SEC). While Bitcoin itself has experienced a modest 5% increase following this bullish news, altcoins in the sector have exhibited notable surges.

Pepe Token’s Journey to $0.0000019

The breakout from the descending parallel channel suggests a positive trend for the memecoin, aligning with historical patterns associated with such breakouts. However, it is crucial to note that the breakout has just been initiated, and confirmation is needed for the bullish momentum to continue.

Ali Martinez has outlined $0.0000016 and $0.0000019 as the potential price levels for the memecoin, marking distances equal to half-length and full-length of the channel, respectively. A successful touch at the former would indicate a 12% rally from the current price while reaching the latter would imply an impressive 31% increase.

As of the latest update, the current price stands at $ 0.0000001367, with a 24-hour trading volume of $ 240.76M and a market cap of $ 575.08M. Over the last 24 hours, PEPE has seen a significant 12.27% price increase, and its positive trend over the past week has resulted in an 8.34% gain.

Moreover, technical indicators from Changelly signal a 41% Bullish market sentiment on Pepe Token, while the Fear & Greed Index displays a 73 (Greed) score.

Looking ahead, crypto experts predict an average PEPE rate of $0.00000121 in January 2024 based on the price fluctuations observed at the beginning of 2023. The expected minimum and maximum prices for the memecoin are forecasted at $0.00000109 and $0.00000133, respectively.

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Cardano’s Rebound Rally: ADA Gears Up for a Strong Comeback After 11% Dip


Cardano (ADA) has witnessed a significant downturn in the last seven days, losing 11% of its valuation. Sellers drove the price down to a critical support level of 46 cents. While the price managed to bounce once at this support, market observers are now closely monitoring whether buyers can regroup and stage a comeback.

Analyzing Cardano (ADA)’s Path to Recovery

Renowned crypto analyst Ali Martinez has emerged as a beacon of hope for Cardano enthusiasts. Martinez, sharing insights via a post on X, pointed out a promising buy signal on the Cardano daily chart.

The signal is closely tied to a recent touch of the 0.618 Fibonacci retracement level, indicating a potential turning point. If this signal holds true, ADA could break past the formidable $0.55 resistance, paving the way for higher targets at $0.69 and, optimistically, even reaching $0.93.

As of now, the current value of Cardano sits at $0.503402, with a 24-hour trading volume of $1.14 billion and a market capitalization of $16.96 billion. Over the past 24 hours, ADA experienced a decline of 0.89%.

Moreover, Coincodex’s ADA price prediction foresees a 3.35% increase in ADA’s value and reaches $ 0.531608 by January 14. Analyzing the technical indicators, the current market sentiment for ADA appears to be Neutral Bearish, with a Fear & Greed Index score of 76, indicating Extreme Greed.

Considering the price fluctuations of ADA at the beginning of 2023, crypto experts anticipate an average ADA rate of $0.510 in January 2024. The expected range includes a minimum price of $0.470 and a maximum price of $0.551.

Cardano 2024: Staking, TVL, NFTs Soar

As of the onset of 2024, ADA has documented 3,064 staking pools, contributing to a staked quantity totaling 22.76 billion ADA, encompassing 64.94% of the overall supply.

This surge in activity extends to various Cardano-based projects. Recent data indicates substantial growth, particularly in the lending protocol Indigo and the on-chain exchange Minswap, with the most significant developments occurring in the past week.

Simultaneously, the Total Value Locked (TVL) in ADA presently amounts to $354.73 million, and the 24-hour trading volume stands at $6.43 million, as per DeFiLlama’s compiled data. Furthermore, ADA’s non-fungible token (NFT) sales volume has risen to nearly $9 million, marking a noteworthy 60% increase.

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Crypto Weekly Recap: Bitcoin & ETH Recover While Some Altcoins Surge


Bitcoin (BTC) and Ethereum (ETH) faced a sudden and steep decline on January 3, wiping out their gains from the previous week. However, both cryptocurrencies recovered and retested their resistance levels in the following days. The overall market trend remained bearish, but some lower-cap altcoins showcased impressive gains, maintaining their weekly uptrend.

On January 3, Bitcoin’s price plummeted by over 10% to $40,800 before bouncing back. This decline coincided with the release of Matrixport’s report for its clients, suggesting that spot Bitcoin ETF proposals, expected for regulatory approval, might face rejection by the United States Securities and Exchange Commission (SEC) this month. Matrixport researchers expressed concerns about the current SEC leadership’s stance on crypto, indicating a potential hurdle for Bitcoin Spot ETF approvals.

Despite the challenges, Bitcoin managed to recover its losses. Altcoins in the top 50 cryptocurrencies list also exhibited notable performances, with Celestia (TIA) leading the pack. Celestia (TIA) saw a remarkable 24% surge over the past week, reaching a peak of $17.24. As of the latest data, TIA is trading at $14.97, reflecting a robust 5.80% increase in the last 24 hours.

Sei (SEI) secured second position among the standout performers. SEI recorded a 20% gain over the past week, currently trading at $0.7076 with an 8.46% price increase in the last 24 hours.

Moreover, Lido DAO (LDO) secured third position among the standout performers. LDO, with a weekly increase of over 18%, is trading at $3.14, showing a 0.81% price increase but a 38.56% decrease in trading volume within the last 24 hours.

Other notable altcoins, including Arbiturm (ARB), Stacks (STX), and Maker (MKR), also reported gains in their weekly charts, with ARB up by 17%, STX by 14%, and MKR showing a 5% increase, according to CoinMarketCap.

Bitcoin (BTC) & Ethereum (ETH) Weekly Review

Bitcoin faced a downward trend this week, dropping to $40.8K, while Ethereum also fell to 21,13. Santiment reported that Bitcoin is slightly falling as the weekend begins and warned of possible volatility due to whale transactions reaching their highest level since June 12, 2022. When whales move large amounts of coins, prices often indicate a change in the market cycle.

Crypto analyst Ali noted that About 1.11 million $BTC were purchased between $42,560 and $43,245 and have not been moved yet, creating a strong support wall.

This level could be crucial for Bitcoin’s future direction. If Bitcoin can stay above it, there is little resistance to stop it from climbing higher. But if $42,560-$43,245 breaks down, a sharp drop to the next key zone between $26,770 and $30,220 could follow.

Bitcoin price is currently trading at  44,036 with a 24-hour trading volume of 101.00B, a market cap of $ 862.77B, and a market dominance of 52.13%. The BTC price increased 0.43% in the last 24 hours and 4% in the last week.

Meanwhile, Santiment shared via X post, Ethereum has been steadily recovering toward its local top resistance level of $2,444 as crypto prices bounce back today. Interestingly, the largest $ETH non-exchange whales are buying more coins, while exchange whales remain low.

Additionally, on January 5, Ali stated that After the recent sell-off, there’s been a significant rebound, with over $2.5 billion coming back into the crypto market. This inflow could indicate a revival of investor sentiment and a positive shift in the market.

Ethereum price is currently trading at  2,225.29 with a 24-hour trading volume of 35.95B, a market cap of $ 267.45B, and a market dominance of 16.16%. The ETH price decreased by 0.64% in the last 24 hours and a 2% decrease in the last week.

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BlackRock’s Bitcoin ETF: Navigating Regulatory Waves for Historic SEC Approval


In a recent update from Fox Business, BlackRock, the world’s largest asset manager, is gearing up for a historic moment as it anticipates approval from the Securities and Exchange Commission (SEC) for its new Bitcoin “spot” ETF.

BlackRock’s Bitcoin ETF: Approval Ahead

However, this move would mark the first time a crypto investment product, specifically tracking the daily price of Bitcoin, receives approval from securities regulators to trade on a public stock market. The expected approval date is set for Wednesday.

The race for the spot Bitcoin ETF has intensified in recent weeks, with BlackRock poised to make a significant impact. The asset manager reportedly has billions of dollars ready to be invested in the first week, potentially making history in the ETF market.

BlackRock is one of several firms, including Grayscale Investments, Valkyrie, ARK 21Shares, and Invesco that submitted updated 19b-4 filings for proposed spot Bitcoin ETFs.

The Cboe BZX exchange has also filed forms for VanEck, WisdomTree, Pando Asset AG, and Franklin Templeton, contributing to the growing anticipation surrounding the approval of spot Bitcoin ETFs. Crypto enthusiasts are optimistic that these funds could attract substantial fresh funding into the cryptocurrency sector, especially considering the recent price surge.

Analysts are eagerly awaiting the SEC’s decision on the ETFs, which is expected to be announced by January 10. The approval could have a profound impact on both traditional financial markets (TradFi) and the crypto market, as it opens new avenues for investors to engage with digital assets.

However, a last-minute obstacle has emerged in the form of Better Markets, a nonprofit organization reportedly supported by Senator Elizabeth Warren. In a letter to the Secretary of the SEC, Better Markets urged the regulatory body to reject the ETF requests.

The nonprofit also emphasized that the SEC should not allow the recent Grayscale lawsuit ruling to interfere with its earlier stance of rejecting such applications. Bloomberg ETF analyst James Seyffart weighed in on the situation through an X post, expressing skepticism about accepting Better Markets’ request at the eleventh hour.

The crypto and TradFi communities are now closely monitoring developments leading up to the anticipated decision on the spot Bitcoin ETFs, with stakeholders eagerly awaiting the potential implications for the broader financial landscape.

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Fantom’s Potential 70% Surge: Breaking $0.568 Resistance for $1.60 Rally


Fantom price is showing signs of a potential breakout after months of consolidation since May 2022. Trading at $0.54 at the time of writing, Fantom has experienced an impressive rally of nearly 200% in the fourth quarter, positioning itself just below the crucial resistance level of $0.568.

The $0.568 barrier has proven resilient since Fantom’s significant 84% crash in May 2022. However, should the cryptocurrency successfully breach this resistance and transform it into a support level, it would signal a bullish breakout and pave the way for a potential 21-month high.

Fantom’s Potential 70% Surge to $1.60: Analyst Insights

Renowned crypto analyst Ali Martinez shared insights on the potential bullish trajectory in a recent X post. Martinez pointed out the formation of a “W” pattern on Fantom’s weekly chart, a pattern historically associated with bullish trends. According to Martinez, if FTM maintains a weekly close above $0.57, it will confirm the bullish formation and set the stage for a march toward $1.60.

Analyzing the pattern further, the target price is derived by measuring the height of the double bottom pattern. The projected growth is then determined by a similar increase above the breakout level, often referred to as the neckline. In the case of FTM, the neckline is identified at $0.568, and the height of the pattern places the target at an optimistic $0.965.

Should Fantom meet this target, investors could witness a substantial 70% increase in price from the current trading level. This potential rally could propel the altcoin even further, aiming for a target price of $1.60, effectively erasing the memory of the 84% crash experienced in May 2022.

As the cryptocurrency market continues to exhibit volatility, investors are closely monitoring Fantom’s price movements, eagerly anticipating a decisive breakout that could mark a significant turning point for this digital asset.

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Top 5 Cryptos to Buy in 2024: (A Guide for Savvy Investors)


As we stand at the cusp of a new year, the landscape of crypto assets and blockchain technology continues to evolve at an unprecedented pace. Both seasoned and novice investors are seeking insights into the most promising opportunities the cryptocurrency market has to offer in 2024. 

Our comprehensive guide aims to navigate this dynamic landscape, spotlighting key trends, innovations, and strategic considerations shaping the investment landscape in the coming year. Join us as we explore the factors driving the crypto space, delve into emerging technologies, and unveil potential game-changers that could define the realm of investments in the year ahead.

Top 5 Cryptos to Buy in 2024

Below is our list of the top 5 cryptos to invest in 2024:

1. Bitcoin (BTC): The first and most popular cryptocurrency, based on a decentralized ledger of transactions secured by cryptography and verified by a network of nodes.

2. Ethereum (ETH): A platform for creating and running smart contracts, decentralized applications, and other protocols using its native currency, ether.

3. Filecoin (FIL): A decentralized storage network that allows users to rent out their unused disk space and earn tokens in exchange for providing data storage and retrieval services.

4. Solana (SOL): A high-performance blockchain that aims to achieve scalability, security, and low-cost transactions using a novel consensus mechanism called proof of history.

5. Pepe Coin (PEPE): A meme-based cryptocurrency inspired by the popular Pepe the Frog internet meme. Pepe Coin has limited utility beyond its association with the meme, and its value is largely driven by community sentiment and speculation.

Top 5 Cryptos to Buy in 2024: Review

1. Bitcoin (BTC): 

Despite facing challenges from newer cryptocurrencies, Bitcoin continues to be a dominant force in the crypto landscape as 2024 approaches. Its first-mover advantage, institutional adoption by major corporations, and appeal as a store of value contributes to its sustained prominence.

Recent developments, including the Taproot upgrade for scalability and privacy and the growth of the Lightning Network for faster transactions, showcase Bitcoin’s adaptability. Institutional adoption by financial giants like BlackRock and Fidelity further solidifies its place in mainstream finance.

However, challenges like regulatory scrutiny, environmental concerns due to energy consumption, and price volatility persist. Looking ahead to 2024, the potential approval of a Bitcoin ETF, global economic uncertainty favoring Bitcoin as a safe-haven asset, and ongoing technological advancements suggest a positive outlook for the OG crypto titan.

2. Ethereum (ETH): 

Ethereum emerges as a compelling choice for investors for several key reasons. Firstly, Ethereum’s transition from Proof-of-Work to Proof-of-Stake in September 2022 significantly reduces its environmental impact, aligning with the growing emphasis on sustainability in the crypto space. 

Additionally, implementing EIP-1559 enhances the predictability and sustainability of transaction fees, addressing a longstanding concern among users. Furthermore, Ethereum’s robust ecosystem, spanning decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs), positions it as a versatile and innovative platform. 

The continuous development of Layer 2 scaling solutions, such as Polygon and Optimism, contributes to improved scalability and transaction speed, making Ethereum an attractive choice for developers and users. As institutional interest in DeFi and NFTs grows, Ethereum can benefit, potentially experiencing increased value and adoption within traditional finance in 2024.

3. Filecoin (FIL): 

Filecoin (FIL) emerges as a standout investment for 2024 due to its distinctive approach to building a decentralized storage network rather than chasing transaction speed or market cap dominance. Its decentralized storage model, leveraging blockchain technology, ensures enhanced security and durability by distributing data across multiple nodes. 

Filecoin’s commitment to lower costs through peer-to-peer connections, recent milestones such as a successful mainnet launch and substantial growth in storage capacity, and a burgeoning ecosystem of applications contribute to its appeal. 

As the demand for secure, decentralized storage solutions continues to rise, Filecoin’s strategic partnerships, ongoing technological advancements, and unique value proposition position it as a compelling choice for investors eyeing the cryptocurrency landscape in 2024.

4. Solana (SOL): 

Solana has positioned itself as a key player in the cryptocurrency landscape for 2024. Notable achievements include achieving 100% uptime in the first half of 2023, addressing past network outages, and boosting user confidence. Solana’s NFT marketplace also surpassed Ethereum in July 2023, signaling its increasing popularity in digital collectibles.

Investing in Solana is attractive due to its exceptional speed and scalability. Processing thousands of transactions per second, Solana outpaces Ethereum and offers lower fees, making it a preferred platform for developers and users seeking efficiency.

The strength of Solana’s ecosystem is evident through its diverse range of DeFi protocols, NFT marketplaces, play-to-earn games, and Web3 projects. This dynamic environment attracts talent and fosters innovation, contributing to Solana’s overall appeal as a promising investment option for 2024.

5. Pepe Coin (PEPE): 

Pepe Coin emerges as a compelling investment choice, defying its initial dismissal as a mere meme-inspired cryptocurrency. The project’s greatest strength lies in its robust and engaged community, bound together by a shared love for the iconic Pepe meme. This passionate user base fosters trust, fuels adoption, and positions Pepe Coin as a formidable player in the crypto space.

Beyond its meme origins, Pepe coin demonstrates real-world utility through strategic partnerships with NFT marketplaces and gaming platforms. This diversification expands its use cases, adding tangible value beyond speculative trading. Implementing a deflationary mechanism, achieved through a burning process, sets Pepe Coin apart by reducing the total supply over time.

This feature not only mitigates inflation but also attracts investors seeking long-term growth. Coupled with its community-driven governance and a focus on fun and engagement, Pepe Coin stands as a disruptive force with the potential to outshine established players in 2024.

Top 5 Cryptos to Buy in 2024 – Conclusion

The cryptocurrency landscape in 2024 presents a range of compelling investment opportunities. Bitcoin maintains its dominance through institutional adoption and technological advancements, suggesting a positive outlook. Ethereum’s transition to Proof-of-Stake, ongoing innovations, and its role in decentralized finance (DeFi) and non-fungible tokens (NFTs) make it a versatile choice. 

Filecoin stands out with its focus on decentralized storage, backed by strategic partnerships and successful mainnet launches. Solana, known for its speed and scalability, positions itself as a preferred platform. Surprisingly, initially underestimated, Pepe Coin gains traction with a vibrant community, strategic partnerships, real-world utility, and a deflationary mechanism, making it a disruptive force in the crypto space.

Careful consideration of technology, utility, and community engagement is crucial for navigating this diverse market, with Bitcoin, Ethereum, Filecoin, Solana, and Pepe Coin offering distinct opportunities for investors. Staying informed and adaptable is key to maximizing gains in the ever-evolving crypto landscape in 2024.

Top 5 Cryptos to Buy in 2024 – FAQ

Q1: Why should I consider investing in cryptocurrencies in 2024?

A1: Cryptocurrencies have significantly recovered in 2023 and promise exciting opportunities in 2024. The top 5 cryptos highlighted in our guide have strong fundamentals, promising prospects, and unique features that make them potential game-changers in the crypto landscape.

Q2: What makes Bitcoin (BTC) a top choice in 2024?

A2: Bitcoin maintains its dominance due to its first-mover advantage, institutional adoption, and adaptability, as seen with recent developments like the Taproot upgrade and Lightning Network growth. Challenges like regulatory scrutiny and environmental concerns persist, but potential approval of a Bitcoin ETF and ongoing technological advancements suggest a positive outlook.

Q3: Why is Ethereum (ETH) considered a compelling choice for investors?

A3: Ethereum’s transition to Proof-of-Stake, reduced environmental impact, and innovations like EIP-1559 make it attractive. Its robust ecosystem, which covers decentralized applications (dApps), decentralized finance (DeFi), and non-fungible tokens (NFTs), positions Ethereum as a versatile and innovative platform with the potential for increased value and adoption.

Q4: What sets Filecoin (FIL) apart as an investment for 2024?

A4: Filecoin focuses on decentralized storage, ensuring enhanced security and cost-effectiveness. Its commitment to lower costs, successful mainnet launch, strategic partnerships, and a growing ecosystem make it a compelling choice for investors amid rising demand for secure data storage solutions.

Q5: Why is Solana (SOL) considered a key player in 2024?

A5: Solana’s exceptional speed, scalability, and achievements like 100% uptime contribute to its appeal. Its diverse ecosystem, including DeFi protocols, NFT marketplaces, and play-to-earn games, positions Solana as a preferred platform for developers and users seeking efficiency and innovation.

Q6: What makes Pepe Coin (PEPE) a disruptive force in 2024?

A6: Despite its meme origins, Pepe Coin stands out with a robust and engaged community, strategic partnerships, real-world utility, and a deflationary mechanism. These factors, along with community-driven governance and a focus on fun and engagement, position Pepe Coin as a compelling investment option with disruptive potential.

Q7: How should investors navigate the diverse cryptocurrency market in 2024?

A7: When evaluating cryptocurrencies, investors should consider technology, utility, and community engagement. The top five cryptos, Bitcoin, Ethereum, Filecoin, Solana, and Pepe Coin, offer distinct opportunities catering to different investment strategies and risk appetites. Staying informed and adaptable in the ever-evolving crypto landscape is crucial for maximizing potential gains in 2024.