Analyst Sees XRP Climbing to Above $0.7 as Bullish Trend Emerges

https://coinedition.com/analyst-sees-xrp-climbing-to-above-0-7-as-bullish-trend-emerges/

  • EGRAG CRYPTO revealed that XRP is in a positive trend on its weekly chart.
  • A snapshot of XRP’s weekly chart shows that XRP may rise above $0.7.
  • A descending triangle on XRP’s daily chart could foreshadow a correction.

The cryptocurrency trader and analyst EGRAG CRYPTO revealed in an X (formerly Twitter) post earlier today that Ripple (XRP) is in a bullish trend on its weekly chart. Included in the post was a snapshot of the altcoin’s weekly chart, which showed that the remittance token was resting on the key support level at around $0.6119.

Despite the altcoin currently retesting support, EGRAG CRYPTO’s post showed that the cryptocurrency could climb to above $0.70 should the positive trend continue. Looking at the last 24 hours, XRP was able to post a 1.73% gain during this period. 

As a result, the altcoin was changing hands at $0.6128 at press time, according to CoinMarketCap. However, the increase in price throughout the past day of trading was not enough to flip the altcoin’s weekly performance, which remained in the red zone at -1.88%.

Daily chart for XRP/USDT (Source: TradingView)

From a short-term technical perspective, a bearish descending triangle has formed on XRP’s daily chart. Should this pattern be validated, the altcoin may fall below the base of the pattern at $0.5915 in the next few days. Thereafter, a daily candle close below this mark could expose XRP to the risk of dropping to $0.55 in the short term.

This bearish thesis may be invalidated if XRP can break out of the triangle chart pattern in the next 48 hours. In this more bullish scenario, the remittance token could attempt to flip the $0.6385 resistance level into support.

Technical indicators on XRP’s daily chart support a bearish short-term outlook. Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators suggested an increase in bearish pressure.

The MACD line was breaking away below the MACD Signal line, which is indicative of the bearish trend growing stronger. Meanwhile, the RSI line was positioned below the RSI Simple Moving Average (SMA) line at press time. This is generally seen as a sign that bears have more strength against bulls.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitcoin’s 2024 Evolution: A Look at Key Milestones and Dates

https://coinedition.com/bitcoins-2024-evolution-a-look-at-key-milestones-and-dates/

  • The lead analyst from CryptoSlate shared a potential 2024 timeline for BTC.
  • The analyst predicted that ETFs will receive approval in January and expects liquidity to flow between May and November.
  • Michael Saylor revealed that the FASB has officially adopted fair value accounting for BTC.

The lead analyst at CryptoSlate, James Van Straten, shared a potential 2024 timeline for Bitcoin (BTC) in an X (formerly Twitter) post. The very first milestone that the analyst listed in his expected timeline is the approval of Spot Bitcoin exchange-traded funds (ETFs) in January next year.

Next on Van Straten’s timeline is ETF trading. Thereafter, he expects the first interest rate cut to take place in the U.S. This will then be followed by the highly-anticipated Bitcoin halving event, estimated to take place in April 2024. 

The analyst believes that interest rate cuts will continue between May and November next year. This may then result in liquidity flowing into the cryptocurrency market as investors begin to buy into riskier asset classes, including cryptocurrencies. Lastly, Van Straten believes the FASB is expected to adopt fair value accounting for BTC in December 2024.

Earlier, the founder of MicroStrategy, Michael Saylor, posted an update regarding the FASB potentially adopting fair value accounting for BTC. According to an X (formerly Twitter) post published on December 13, the FASB has officially adopted fair value accounting for BTC for the fiscal years beginning after December 15, 2024.

Saylor added in his post that this upgrade in accounting standards “will facilitate the adoption” of BTC as a treasury reserve asset by corporations worldwide. In terms of price, the leading cryptocurrency was able to print a 4.28% gain over the past 24 hours. As a result, BTC was changing hands at $42,927.34 at press time, according to CoinMarketCap.

This was after the cryptocurrency dropped to a low of $40,530.26 throughout the past day of trading. Since reaching this low point, BTC has been able to recover and trade at its current level. Furthermore, it was positioned closer to its daily high of $43,354.30 than its 24-hour low. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

AVAX’s Price at Risk of Dropping Despite Surge in Network Activity 

https://coinedition.com/avaxs-price-at-risk-of-dropping-despite-surge-in-network-activity/

  • 72.3% of the gas consumed by the network was attributed to inscription activity.
  • AVAX was testing a key support level and technicals suggested it may continue to drop.
  • Wu Blockchain revealed that gas consumption for Avalanche’s C-Chain reached more than $20 million.

Wu Blockchain revealed in an X post earlier today that gas consumption for Avalanche’s C-Chain soared above $20 million in the past week. According to the post, 72.3% of the consumption was due to inscription activity. This inscription activity also accounted for 86.5% of the transactions on the network during the same period. 

At press time, the price of AVAX was down 7.91% according to CoinMarketCap. As a result, the cryptocurrency was changing hands at $39.01. Despite the 24-hour loss, AVAX’s price was still up more than 10% on the weekly timeframe. Furthermore, the altcoin was still ranked as the ninth biggest cryptocurrency in terms of market cap, with a valuation of $14.26 billion.

Daily chart for AVAX/USDT (Source: TradingView)

AVAX was able to break above the $37.15 resistance level over the past few days. Since breaking above this threshold, the altcoin’s price has been in a consolidation phase. However, traders now seem to be offloading their AVAX holdings, as the altcoin was approaching support.

Should AVAX close a daily candle below $37.15 in the next 48 hours, then it may fall as low as $27 in the following week. On the other hand, AVAX remaining above $37.15 could see the altcoin rise toward the $52.60 resistance level in the short term.

Technical indicators on AVAX’s daily chart suggested that AVAX’s price may drop in the next few days. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bearish at press time.

The MACD line was closing in on the MACD signal line, which could lead to a bearish trend reversal for AVAX if the two lines intersect. In addition to this, the RSI line broke below the RSI Simple Moving Average (SMA) line in the past few days. This is indicative of sellers gaining the upper hand against bulls.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Breaking: ETH Drops to a Key Support; Triggers 11.2K Transfer to Binance

https://coinedition.com/eth-drops-to-a-key-support-triggers-11-2k-transfer-to-binance/

  • Lookonchain revealed that $24.3 million worth of ETH was sent to Binance in the past few hours.
  • According to the post, Galaxy Digital was behind the 11.2K ETH transfer.
  • ETH was testing a key support and the lower barrier of a positive price channel at press time.

The on-chain tracking platform Lookonchain revealed in an X post this morning that $24.3 million worth of Ether (ETH) was sent to Binance earlier today. According to the post, Galaxy Digital was the entity that made the substantial deposit of 11,200 ETH to the leading cryptocurrency exchange in the past few hours.

The deposit comes shortly after the largest altcoin in terms of market cap dropped by 1.82%. ETH’s 24-hour loss coincided with the 2.27% drop the broader cryptocurrency market suffered in the same period. Subsequently, the altcoin was changing hands at $2,172.69 at press time, according to CoinMarketCap. The latest drop in price also pushed ETH’s weekly performance to -2.97%.

ETH was, however, able to register an uptick in its 24-hour trading volume. CoinMarketCap data indicated that ETH’s volume was up more than 22% and stood at over $8 billion as a result. Given the drop in the altcoin’s price, it is reasonable to speculate that this volume was mainly sell pressure.

From a technical perspective, ETH was rejected by the $2,300 resistance level in the past few days. This rejection led to ETH falling to the lower barrier of a medium-term positive price channel that formed on its charts over the past couple of weeks. In addition to trading at the lower level of this price channel, the cryptocurrency was also resting on the $2,145 support.

If ETH breaks below this significant mark, then it may be at risk of dropping to the subsequent support level at $1,985.53 in the next 48 hours. This bearish thesis may be invalidated if ETH closes today’s trading session above the $2,145 mark. In this more bullish scenario, ETH may attempt a challenge at the $2,300 threshold through the course of the coming week.

Continued buy pressure could then boost ETH’s value to above this resistance level. This will give ETH the foundation needed to potentially rise to as high as $2,615 in the short term.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

These 4 Altcoins Could Explode if Binance Settles With the SEC

https://coinedition.com/these-4-altcoins-could-explode-if-binance-settles-with-the-sec/

  • An analyst from Discover Crypto predicted that MANA, COTI, ALGO and ATOM could surge soon.
  • Before these altcoins can break out, the analyst said Binance will need to settle with the SEC.
  • The SEC named 10 altcoins in its argument that Binance acted as a broker in the sale of unregistered securities.

An analyst from Discover Crypto predicted that Algorand (ALGO), Cosmos (ATOM), Decentraland (MANA) and Coti (COTI) could explode if Binance settles with the U.S. Securities and Exchange Commission (SEC). These altcoins were included in a list of ten cryptocurrencies that the SEC named as securities when accusing Binance of trading unregistered securities.

Looking at ALGO, the analyst revealed that there is room for the altcoin to make a move towards the upside. He did, however, warn that it may be best for investors to wait for a pull back before buying into the cryptocurrency. From a fundamental perspective, the analyst mentioned that the project has formed multiple partnerships with companies in India.

ATOM’s strong airdrop ecosystem attracted the analyst’s attention. He believes that ATOM will attract a lot of new investors as the bull market starts and new investors become aware of what airdrops are. Given the number of airdrops planned for stakers in the coming months, the analyst predicted that ATOM could generate an 8X return for investors.

Meanwhile, MANA is showing the potential to return 10X for investors, said the analyst in his latest YouTube video. There has been a buzz around the gaming token as rumors that Decentraland has formed a partnership with Apple have been making the rounds. Regardless of whether these rumors are true or not, speculation for the altcoin could lead to a surge soon.

The analyst did highlight that there has been a notable increase in development activity for MANA during the same time that these rumors started circulating in the market. Gaming tokens have also printed gains in the last few weeks. As a result, the analyst warned that there may be strong pullback in the gaming token sector.

The last altcoin mentioned in the video was COTI. The main reason the analyst has a bullish outlook on this cryptocurrency is because it is backed by prominent figures in the Cardano (ADA) ecosystem.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Altcoin Market Could Break Out Soon as Stablecoin Supply Rises

https://coinedition.com/altcoin-market-could-break-out-soon-as-stablecoin-supply-rises/

  • Analyst Rekt Capital revealed in an X post that the altcoin market is retesting historic levels.
  • According to the post, these levels have preceded fantastic growth in the altcoin market.
  • X user Will shared that the amount of stablecoins in circulation has risen 3.5% in the past 90 days.

The analyst and trader Rekt Capital revealed in an X post yesterday that the altcoin market is continuously retesting historic levels. According to the post, the levels that the altcoin market has retested over the last few weeks have historically “preceded fantastic growth” in the altcoin market.

A potential altcoin market breakout may be on cards as the amount of stablecoins in circulation has risen 3.5% over the last 90 days. In an X post published yesterday, the X account, Will, highlighted the uptick in stablecoin circulation. This was after the 90-day stablecoin supply flipped positive for the first time in 1.5 years on 11 November this year.

From a technical perspective, a symmetrical triangle has formed on the daily chart for the altcoin market cap (TOTAL2). This particular pattern suggests that there may be a breakout soon. Should the altcoin market cap enter into a bullish move, it may attempt to flip the resistance level at $747.988 billion into support.

Thereafter, the altcoin market may continue rising. This could lead to the market’s valuation soaring to as high as $874.278 billion in the following week.

On the other hand, a negative breakout will lead to a retest of the $684.566 billion support in the following 72 hours. Continued sell pressure once TOTAL2 reaches this support level could then drag the market down to as low as $621.085 billion.

Technical indicators on TOTAL2’s daily chart suggested the market cap may undergo a temporary correction in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators showed that buying power had dropped over the last few days.

The MACD line was positioned below the MACD Signal line, indicating that TOTAL2 has entered into a bearish trend. Meanwhile the RSI line was breaking away below the RSI Simple Moving Average (SMA) line. This specific technical flag signals that bears have gained the upper hand against bulls and seller’s strength is increasing.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

DOGE, SHIB and BONK Likely to Undergo a Correction Soon

https://coinedition.com/doge-shib-and-bonk-likely-to-undergo-a-correction-soon/

  • The collective market cap for meme coins dropped more than 4% over the past 24 hours.
  • SHIB managed to record an 8+% gain in the past 24 hours, while BONK and DOGE suffered losses.
  • Technical indicators for BONK, SHIB and DOGE suggest that their prices will correct soon.

The collective market cap for meme coins increased more than 4% over the past 24 hours, according to CoinMarketCap. This boosted the total valuation for the meme coin market to above $24.128 billion at press time.

Throughout the past day of trading, Shiba Inu (SHIB) saw its price rise 8.82%. Meanwhile, Dogecoin (DOGE) and Bonk (BONK) saw their prices drop 0.02% and 12.82% respectively.

SHIB managed to break above the major resistance level at $0.00001055 over the past 24 hours. Since closing yesterday’s trading session off at $0.00001160, the meme coin has recorded a 6.72% drop in price. 

If SHIB is able to remain above the recently-breached $0.000001055 mark, then it may have the foundation needed to continue rising in the next few days. This could lead to the cryptocurrency attempting a challenge at the subsequent barrier at $0.00001250 in the short term.

On the other hand, a break below the $0.00001055 support may put SHIB at risk of retesting the $0.00000925 level. In an extremely bearish scenario, SHIB could fall to as low as $0.00000847.

Technical indicators on SHIB’s daily chart were contradicting each other. The Moving Average Convergence (MACD) suggested that the cryptocurrency’s price would continue rising in the next few days. Meanwhile, the Relative Strength Index (RSI) line broke below the RSI Simple Moving Average (SMA) line in the last 48 hours, signaling that buyers had exited SHIB’s charts.

DOGE has been in a consolidation phase between $0.08965 and $0.10735 for the last week. Traders and investors will want to note that the meme coin’s price was resting on the lower level of this range. As a result, DOGE may be at risk of falling below this channel if buyers do not step in soon.

Should DOGE break below $0.08965 in the next few days, it could drop to as low as $0.07755. This bearish thesis may be invalidated if DOGE maintains a position above $0.08965. In this more bullish scenario, the cryptocurrency could look to challenge the $0.10735 barrier.

Technical indicators on DOGE’s daily chart suggested that a bearish scenario is more likely to play out in the coming week. Both the MACD and the RSI were flagging bearish. 

The MACD line was breaking away below the MACD Signal line, while the RSI line was breaking away below the RSI SMA line. These technical flags may indicate that sellers have the upper hand against buyers and may attempt to drive the meme coin’s price down further in the next 48 hours.

BONK was rejected by the upper level of an ascending price channel that had formed on its chart over the past few weeks. This rejection led to the meme coin entering into a multi-day negative sequence. Should this bearish momentum continue, BONK may fall to $0.0000149068 in the coming few days.

This will be a critical level to watch as it is also confluent with the lower barrier of the positive price channel. Subsequently, a break below this mark could see BONK’s positive streak come to an end, and the meme coin may test the $0.0000089940. Continued sell pressure could lead to BONK falling to as low as $0.0000046040.

Traders and investors will want to be aware of the fact that the RSI line crossed below the RSI SMA line over the past 48 hours. This was after the meme coin stayed in overbought territory for several days.As a result, this technical flag may be an early sign of a BONK selloff.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

XRP Loses Key Support Level as Holders Grow Frustrated

https://coinedition.com/xrp-loses-key-support-level-as-holders-grow-frustrated/

  • EGRAG CRYPTO shared the results for a poll he ran on 13 December.
  • He revealed that 56.3% of the 3,000 voters are frustrated with XRP’s performance.
  • XRP lost a key support level after dropping 1.72% in the last 24 hours.

The cryptocurrency analyst EGRAG CRYPTO revealed the results of a poll created on 13 December. In the poll, he asked his followers if they identify XRP’s current price levels as a blessing or if they are frustrated with the cryptocurrency’s price performance. In today’s post, he shared that 56.3% of the 3,000 voters are frustrated with XRP’s latest price movements.

Meanwhile, 43.7% of the voters either feel “discontent with their current holdings” or are confident in their investment decisions, added the analyst. According to EGRAG CRYPTO, 70% of the voters are preparing to sell their holdings as the coin nears an historical peak, while only 5% are considering holding XRP beyond the $10 mark.

XRP investors seemed to have offloaded some of their holdings over the past 24 hours. Data from the cryptocurrency market tracking website CoinMarketCap indicated that the remittance token was down 1.72%. As a result, the altcoin was changing hands at $0.6196 at press time.

Looking at the longer-term timeframes, XRP’s latest drop in price was a continuation of its negative weekly trend. CoinMarketCap shows that the cryptocurrency was down 9.91% over the past seven days.

XRP may be at risk of dropping down to $0.5845 in the next few days, as it lost the support of the $0.6235 mark over the past 48 hours. This bearish thesis may be invalidated if XRP closes a daily candle above $0.6235 in the next 48 hours. In this more bullish scenario, the altcoin could climb to $0.68.

Technical indicators for XRP suggest that bears currently have the upper hand against bulls. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators signaled that sellers have the upper hand.

The MACD line was positioned below the MACD Signal line, while the RSI line was positioned below the RSI Simple Moving Average (SMA) line. These technical flags both hint at diminishing buyer strength and could signal that XRP’s negative trend will continue in the next 24-48 hours.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

ADA May Be Gearing Up for a Bullish Move, Analyst Targets $0.70

https://coinedition.com/ada-may-be-gearing-up-for-a-bullish-move-analyst-targets-0-70/

  • Ali Martinez revealed that a descending triangle has formed on ADA’s 30 minute chart.
  • The analyst predicted that ADA could soon surge to $0.70.
  • Martinez added that ADA’s bullish momentum will be dampened if it shows weakness around $0.613.

Ali Martinez, a renowned cryptocurrency trader and analyst, revealed in an X post yesterday that a descending triangle has formed on the thirty minute chart for Cardano (ADA). Although this is a bearish pattern, the analyst predicted that it could lead to ADA soaring to $0.700 if it manages to sustain a position above $0.638.

Martinez did, however, urge traders to keep a close eye on the $0.613 support level. ADA showing any signs of weakness at this level may “dampen” ADA’s bullish momentum, added the analyst.

Over the past 24 hours, ADA was trading slightly below the key support level highlighted in the analyst’s tweet. According to CoinMarketCap, the altcoin was down 3.71%. This brought its price down to $0.6123. Despite this 24-hour loss, ADA was still up more than 3% on the weekly timeframe.

Looking at the daily chart, ADA has dropped below the base of the descending triangle. This exposes it to the risk of a continued drop towards $0.5380 in the next 48 hours. Thereafter, continued sell pressure could force the altcoin’s value down to as low as $0.45 in the short term.

This bearish thesis may be invalidated if ADA closes a daily candle above the $0.613 mark in the next 48 hours. In this more bullish scenario, the cryptocurrency may rise towards the $0.7 threshold in the following few days.

Technical indicators on ADA’s daily chart were flagging bearish. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators suggested that sellers have grown stronger than buyers in the last 48 hours.

The RSI line also broke below the RSI Simple Moving Average (SMA) line during the last few days. This is a significant bearish technical flag that signals that bears have gained the upper hand against buyers. Meanwhile, the slope of the MACD Histogram was negative, which may be a sign of ADA’s bearish trend continuing in the next few days.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

MANA Could Breakout Towards the Downside as Sell Signal Emerges

https://coinedition.com/mana-could-breakout-towards-the-downside-as-sell-signal-emerges/

  • Ali Martinez revealed that the TD Sequential on MANA’s weekly chart is presenting a sell signal.
  • The analyst shared that the indicator has been a reliable tool for identifying price bottoms.
  • MANA was trading hands at $0.4912 at press time after it dropped 2.46%.

The cryptocurrency trader and analyst Ali Martinez revealed in an X post yesterday that the weekly chart for Decentraland (MANA) is presenting a sell signal. In the post, the analyst shared that the TD Sequential on the altcoin’s weekly chart suggests that MANA may be “gearing up for a price correction”.

According to Martinez, the TD Sequential has been a reliable tool for “pinpointing local bottoms” on MANA’s weekly chart since June this year. Over the last 24 hours, the bearishness expressed by the signal seems to have played out. Data from the cryptocurrency market tracking website CoinMarketCap indicated that MANA was down 2.46%. 

The altcoin was changing hands at $0.4912 at press time. This was after MANA managed to reach a high of $0.5026 throughout the past day of trading. Since establishing this peak, the cryptocurrency has corrected to trade at its current level. Nevertheless, it was still trading slightly closer to this 24-hour high than its low for the same period, which stood at $0.4798.

A symmetrical triangle has emerged on MANA’s daily chart, which could be a sign that MANA will break out soon. Should the altcoin’s price enter into a bullish move in the coming few days, it may flip the $0.5215 resistance level into support. A daily candle close above this barrier could then lead to MANA rising to $0.6265.

On the other hand, a bearish breakout may lead to MANA falling to $0.4125 in the following couple of days. Continued sell pressure once MANA drops to this support level could drag it all the way down to $0.3665.

Traders and investors will want to note that a major bearish technical flag was triggered over the past 48 hours. During this period, the Moving Average Convergence Divergence (MACD) line crossed below the MACD Signal line. This may be a sign that MANA’s trend has undergone a bearish reversal.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Can Cardano’s Bulls Push for $1 After a 34% Surge in the Past Week?

https://coinedition.com/can-cardanos-bulls-push-for-1-after-a-34-surge-in-the-past-week/

  • Cardano (ADA) managed to climb more than 34% in the past week.
  • ADA was able to break above the key $0.5940 resistance level and was trading at $0.6403.
  • A significant long-term bullish technical flag was triggered on ADA’s daily chart, suggesting that momentum has shifted in favor of bulls.

Cardano (ADA) delivered a strong performance this past week. Data from the cryptocurrency market tracking website CoinMarketCap showed that the altcoin saw its price rise more than 34% in the last seven days. As a result, ADA was changing hands at $0.6403 at press time. 

With ADA breaking above the $0.60 mark, the altcoin may continue to attract traders who have a fear of missing out. This potential wave may have the strength needed to elevate ADA to $1 in the coming few weeks.

Daily chart for ADA/USDT (Source: TradingView)

ADA was able to break above the key resistance level at $0.5940 over the last four days and continued to trade above this significant price point as of press time as well. If ADA is able to sustain a position above $0.5940 for the next week, it may have the foundation needed to continue climbing in the following two weeks.

In this bullish scenario, ADA could attempt a challenge at the $0.7425 resistance level and potentially flip the level into support. A daily candle close above this barrier could then clear a path for ADA to rise to the $1 mark in the short term.

Traders and investors will want to note that long-term momentum seems to have shifted in favor of bulls in the last two weeks. On December 1, the 100-day Exponential Moving Average (EMA) line crossed bullishly above the 200-day EMA line. 

The cross between these two EMA lines signals that ADA’s momentum in the last 100 days was more bullish than its momentum over the last 200 days. In addition to this, the shorter EMA line was breaking away above the 200 EMA at press time. This suggests that ADA’s momentum shows no signs of slowing down.

A positive long-term trend line has also emerged on ADA’s daily chart. This line formed after the cryptocurrency printed a series of higher highs and higher lows since October of this year.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

6 Altcoins to Watch for Gains as the Year Comes to an End

https://coinedition.com/6-altcoins-to-watch-for-gains-as-the-year-comes-to-an-end/

  • COT, MATIC, WOO, VET, and UNI could explode in 2024.
  • All of the altcoins managed to break above key resistance levels on their charts.
  • A long-term positive price channel has formed on WOO’s weekly chart.

As the year comes to an end, investors and traders are in search of cryptocurrencies that show promising potential. With the next bull cycle expected to start any time between 2024 and 2025, Woo Network (WOO), COTI, Uniswap (UNI), Polygon (MATIC), Band Protocol (BAND), and Vechain (VET) seem to be positioning themselves to maximize their returns in 2024.

All of these altcoins managed to break above key resistance levels on their respective charts over the past three weeks. Furthermore, the price levels on their weekly charts suggest that they have either cleared or are in the process of clearing, a path for their prices to continue to rise in the first quarter of 2024. 

WOO Network (WOO)

WOO token’s adoption has been boosted by large investments, including a $12 million backing from Binance Labs. Partnerships with OpenTrade and BITHUMB have also succeeded in expanding the token’s utility, attracting more users. The burn of over 705 million WOO tokens throughout 2023 and collaborations with liquidity providers like Wintermute have strengthened WOO’s value and liquidity as well.

The past week has seen WOO overcome two major resistance levels. In the last 7 days, the cryptocurrency broke above $0.30 and $0.37. However, it has pulled back slightly to retest the $0.37 mark at press time. Should the cryptocurrency close this week’s candle above $0.37, it may continue to rise to $0.46 in the first quarter of 2024.

Conversely, a weekly candle close below $0.37 may lead to a temporary correction. In this more bearish scenario, WOO could fall to $0.30 and possibly reach $0.2390 if the selling pressure persists. 

Nevertheless, a long-term positive price channel has emerged on the cryptocurrency chart. Therefore, a correction in the coming weeks may just be a liquidity-building move before another leg up.

COTI (COTI)

COTI announced its plans for a V2 upgrade with the intention of establishing itself as a privacy-focused Ethereum layer-2 solution. So far, COTI plans for their devnet release to take place in Q2 of 2024. It seems like the main priority of the upgrade will be to enhance privacy in the Web3 ecosystem, while still being transparent.

COTI was attempting to flip the resistance level at $0.07305 into support. Should the cryptocurrency close this week’s candle above this price point, it may have the foundation needed to continue rising in the following few weeks. This could lead to the altcoin soaring to as high as $0.08825.

However, a rejection from the $0.07305 resistance level this week may open up the risk of COTI’s price undergoing a correction to the immediate support level. This may result in the altcoin falling to $0.06045 in the next few weeks. Continued sell pressure may then force the cryptocurrency’s value down to as low as $0.05105 towards the first quarter of 2024.

Uniswap (UNI)

The month of November was a good month in general for the cryptocurrency market. However, a few tokens stood out above the rest in terms of gains, and one of these tokens was UNI. UNI was ranked as the third-highest gainer in November after its price surged by over 43%.

Uniswap also generated at least $1 million from its new fee structure in November. The average income from commission per day was about $44,000.

UNI has been in a consolidation phase between $6.060 and $6.715 over the past 3 weeks. It attempted to break out of this range last week, but bears were quick to bring the altcoin’s price back down to within the channel.

There is a significant amount of buy pressure for UNI, as evident by the wick underneath this week’s candle. This suggests that traders may soon attempt to force the altcoin’s price above the $6.715 barrier. A weekly candle close above this threshold may open up an opportunity for UNI to rise to $8.035 in the following few weeks.

This bullish thesis may not validate if UNI closes a weekly candle below $6.060. In this scenario, UNI may fall to $5.445 in the medium term.

Polygon (MATIC)

Chainlink has made its data feeds available to developers using Polygon’s Layer-2 zero-knowledge rollup. This functionality is set to unlock the deployment of several significant DeFi protocols on Polygon zkEVM early in 2024.

Similar to UNI, a wick underneath this week’s candle signaled the presence of strong buy pressure for MATIC. If this bullish pressure continues, MATIC may be able to break above $0.9540 in the next three weeks. This may then give the altcoin the support needed to continue rising toward $1.0685 in the medium term.

Traders and investors will want to note, however, that MATIC broke below the $0.8335 support earlier this week. As a result, there is the possibility that MATIC will close this week’s candle below this mark. This could then invalidate the bullish thesis and may lead to MATIC undergoing a strong correction to $0.7190 in the following couple of weeks.

Band Protocol (BAND)

At the start of December, Band Protocol announced its intention to establish an integration with the XRP Ledger (XRPL). This strategic decision positions Band Protocol as the primary oracle provider for both XRPL’s mainnet and its Ethereum Virtual Machine (EVM) sidechain.

BAND was resting on the key support level at $1.690 after it was rejected from the $1.928 resistance earlier this week. If the cryptocurrency can close this week’s candle above $1.690, traders may identify this as a swing long trade entry. The potential buy volume could subsequently elevate BAND to $2.170 in the following few weeks.

This bullish thesis will likely be invalidated if BAND closes this week’s candle below $1.690. In this bearish scenario, the cryptocurrency’s value could be at risk of dropping to $1.490.

VeChain (VET)

VET was able to surpass 900K holders earlier in December, which was a more than 50% gain since October. In fact, 57,000 holders were added in a single week, suggesting that VET has caught the attention of traders as they are actively accumulating the altcoin.

VET has been in a positive sequence over the past 3 weeks. This bullish move resulted in the altcoin flipping the resistance levels at $0.02245 and $0.02540 into support. At press time, it seemed as if the cryptocurrency was on track to flip the barrier at $0.02395 into support as well.

A weekly candle close above this threshold this week may clear a path for VET to continue ascending into the new year. This may lead to it rising to as high as $0.03495 in the coming few weeks.

On the other hand, closing this week’s candle below $0.02935 may trigger a wave of profit-taking by traders. The potential sell volume may pull VET down to the $0.02540 level in the medium term. In an extremely bearish scenario, VET could even revisit the aforementioned $0.02245 mark.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

AI Cryptos Surge, Are These Cryptos the Next Big Boom or Bust?

https://coinedition.com/ai-cryptos-surge-are-these-cryptos-the-next-big-boom-or-bust/

  • The total market cap for AI tokens rose 14.85% in the past 24 hours to $18,594,821,423.
  • INJ, ICP, RNDR, THETA, and GRT all saw their prices surge throughout the past day of trading.
  • INJ was the top-performing AI token on the daily and weekly timeframes.

AI and big data tokens performed phenomenally well over the past 24 hours, as the collective capitalization for this category of cryptocurrencies rose by 14.85% during this period. Subsequently, AI tokens had a combined valuation of $18,594,821,423 at press time, according to data from CoinMarketCap.

Total market cap and trading volume for AI tokens (Source: CoinMarketCap)

The five largest AI tokens in terms of market cap led the charge, as their prices surged throughout the past day of trading. Internet Computer (ICP), Injective (INJ), Render (RNDR), The Graph (GRT), and Theta Network (THETA) all recorded impressive 24-hour gains.

ICP and INJ delivered the most impressive performances throughout the past 24 hours of trading. CoinMarketCap data indicated that ICP was changing hands at $6.49 after its price rose more than 14%. Meanwhile, INJ’s price stood at $31.73 after it registered a 30.44% increase in price.

The latest increase in these altcoins’ prices also pushed their respective weekly performances deeper into the green zone. Subsequently, ICP was up +30.49% over the past 7 days. However, INJ’s dominance was also evident in the longer time frames, as its weekly gain was greater than 80%.

The next biggest gainer in the top 5 AI tokens list was RNDR. During the past day of trading, the altcoin managed to rise 13.64%. Similar to INJ and ICP, its 24-hour gain boosted the cryptocurrency’s weekly performance as well. As a result, RNDR was up 21.27% on the weekly timeframe.

GRT and THETA posted 10.08% and 6.11% daily gains, respectively.  Both altcoins had been in the red zone on their weekly time frames, but their latest positive 24-hour performances were enough to elevate them out of the red zone on the longer time frame. Subsequently, GRT was up 5.05% over the past 7 days, while THETA’s performance during the same period stood at +1.77%.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bitcoin, Solana, and Cardano Soar Amidst Turbulent Crypto Year

https://coinedition.com/bitcoin-solana-and-cardano-soar-amidst-turbulent-crypto-year/

  • The global cryptocurrency market cap rose more than 4% to above $1.6 trillion over the past 24 hours.
  • BTC, SOL, and ADA all saw their prices jump throughout the last day of trading.
  • ADA was the best daily and weekly performer in the top 10 list and could continue climbing in the short term.

The entire cryptocurrency sector surged over the past 24 hours. Data from the market tracking website CoinMarketCap indicated that the market’s collective valuation stood above $1.6 trillion. This was after it registered a 4.10% uptick throughout the past day of trading. During this period, the prices of Bitcoin (BTC), Solana (SOL), and Cardano (ADA) jumped.

The market leader was up more than 4% at press time. This 24-hour gain resulted in BTC changing hands at $42,812.95. Despite the positive daily performance, the cryptocurrency king was still down 2.74% over the past 7 days.

SOL, on the other hand, was able to outperform BTC with its 7.98% increase in price. This pushed the altcoin’s weekly performance further into the green zone to +12.21%. Overall, SOL’s price stood at $71.24 at press time. 

SOL was also able to make it into CoinMarketCap’s trending list. At press time, it occupied the number 3 position. This ranked it behind Bonk (BONK) and Nerd Bot (NERD).

It was ADA that stood out from the pack with its impressive 24-hour performance. CoinMarketCap data indicated that ADA was the top performer in the top 10 list by a convincing margin after it recorded a 16.29% gain. The altcoin was the best performer in the top 10 list on the weekly time frame as well. Subsequently, ADA was changing hands at $0.6533.

At press time, ADA was up 44.64% over the past 7 days. This was slightly better than the weekly performance of Avalanche (AVAX), whose weekly performance stood at +43.18%.

ADA was also able to break through the key $0.5940 resistance level with its latest surge. Overcoming this significant price point has cleared a path for the altcoin to potentially climb to the next major resistance level at $0.7425 in the coming few days.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

LUNC Hitting $1 Is “Highly Improbable”, According to Analyst

https://coinedition.com/lunc-hitting-1-is-highly-improbable-according-to-analyst/

  • ClayBro revealed in his latest YouTube video that ChatGPT predicted LUNC will hit $1 on 15 March 2024.
  • The analyst shared that the instance of ChatGPT that made the prediction was a “jail-broken” version.
  • At press time, LUNC was down 8.95% and was trading hands at $0.0001661.

A cryptocurrency analyst who goes by the name “ClayBro” on YouTube revealed in his latest video that ChatGPT set a date for when Terra Classic (LUNC) will hit the $1 mark. In the video, he shared that the AI chatbot believes the altcoin will reach $1 on 15 March 2024.

The analyst did add, however, that the instance of ChatGPT that gave this prediction had been a “jail-broken” version. This could mean that the AI chatbot was tampered with to give the price prediction. ClayBro mentioned that when the un-tampered version of ChatGPT was asked the same question, it refused to give a price forecast as it was against its policy.

Subsequently, the analyst does not agree with the prediction and stated that LUNC hitting $1 is “highly improbable” given its current circulating supply. Should the cryptocurrency recover to the $1 milestone, the project’s total market cap would be between $6 trillion – $7 trillion. This would make it more valuable than any other company currently in existence.

At its peak, LUNC’s market cap topped $1 billion, added the analyst. For the altcoin to reach $1 per coin, a “variety of factors will need to come into play,” according to ClayBro.

He also mentioned that there is currently a lot of sell pressure being exerted on LUNC’s price. This bearish pressure continued over the past 24 hours as well. At press time, data from the cryptocurrency market tracking website CoinMarketCap indicated that LUNC was down 8.95%. 

Subsequently, the cryptocurrency was changing hands at $0.0001661. This left it trading much closer to its 24-hour low of $0.0001644 than its high for the same period, which was recorded at $0.0001849.

The latest drop in price pushed LUNC’s weekly performance deeper into the red zone to -16.21%. Despite this, the altcoin was still up more than 90% on the monthly time frame.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

ADA Technicals Suggest a Drop, While Analyst Sets $11 Target

https://coinedition.com/ada-technicals-suggest-a-drop-while-analyst-sets-11-target/

  • Dan Gambardello shared in an X post yesterday that ADA could realistically reach $11.
  • At press time, ADA’s price was down 1.24% and stood at $0.5599.
  • Short-term technical indicators for ADA suggest it may correct to $0.45 in the coming couple of days.

The popular cryptocurrency trader and analyst Dan Gambardello shared in an X (formerly Twitter) post yesterday that Cardano (ADA) could reach $11. In the post, he added that this price target is “a very realistic figure.”

Although the analyst has a positive outlook towards ADA, the cryptocurrency’s price has dropped over the past 24 hours. Data from the cryptocurrency market tracking website CoinMarketCap indicated that ADA was down 1.24% and was changing hands at $0.5599 at press time. Looking at the longer timeframes, ADA was still up more than 32% over the past 7 days.

ADA was challenging the strong barrier at $0.5940 at press time. Should it close a daily candle above this resistance level within the next 48 hours, it may have a clear path to rise to $0.7425 in the coming week. Conversely, ADA failing to close a daily candle above $0.5940 within the next two days could put the altcoin at risk of a strong correction.

In this bearish scenario, ADA could fall to the $0.45 support level. Continued sell pressure may then drag ADA below this point to $0.3205 through the course of the following two weeks.

Technical indicators on ADA’s daily chart suggested that the cryptocurrency’s price may pull back in the next few days. Both the Moving Average Convergence Divergence (MAD) and the Relative Strength Index (RSI) indicators showed diminishing buying pressure for ADA.

In the last 24 hours, the RSI line broke below the RSI Simple Moving Average (SMA) line. This is a significant bearish technical flag and indicates that sellers have gained an upper hand against buyers on ADA’s chart. The slope of the MACD histogram was also negative, which could be an early indication of a bearish trend reversal for ADA.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Binance Announces the Listing of a BRC-20 Token, Will BTC Surge?

https://coinedition.com/binance-announces-the-listing-of-a-brc-20-token-will-btc-surge/

  • Binance announced on its blog today that it will be listing SATS at 12:00 UTC today.
  • SATS is a BRC-20 token that pays tribute to Bitcoin’s founder Satoshi Nakamoto.
  • An ascending triangle has emerged on BTC’s 4-hour chart, which suggests that its price may enter into a bullish move soon.

The leading cryptocurrency exchange platform Binance announced on its blog today that it will be listing BRC-20 SATS (1000SATS) at 12:00 UTC today. According to the post, the platform will open trading for three new spot trading pairs; 1000SATS/USDT, 1000SATS/FDUSD and 1000SATS/TRY.

In addition to these spot trading pairs, the blog post revealed that 1000SATS will also be added as a borrowable asset. This new margin pair will be opened for trading within 48 hours after the spot trading pairs go live, according to the post.

SATS is a BRC-20 token that pays homage to Satoshi Nakamoto, the creator of Bitcoin (BTC). The token’s name, SAT, is an abbreviation for satoshi, which is the smallest unit of BTC. Although the project’s name is linked to Bitcoin and its creator, Binance highlighted that the token is a meme coin and is inscribed by an anonymous team. 

Given the fact that SATS is a BRC-20 token, its listing on one of the biggest exchange platforms could have a positive impact on the price of BTC. At press time, the market leader’s price was slightly down, according to data from CoinMarketCap. The cryptocurrency was trading hands at $42,002.64 after it slipped 0.30% over the past 24 hours. 

From a technical perspective, an ascending triangle has emerged on BTC’s 4-hour chart after the cryptocurrency recorded three higher lows over the past 12 hours. Should this pattern be validated, the leading cryptocurrency’s price could surge to above the base of the triangle pattern at $42,560 in the next 24 hours. 

A 4-hour candle close above $42,560 could then be identified as a long entry by day traders. This potential injection of capital could elevate BTC’s value towards the $44,500 resistance level within the following 72 hours. 

This bullish thesis may not materialize if BTC fails to close a 4-hour candle above $42,560 within the next 48 hours. In this more bearish scenario, BTC could pull back towards the key support level at $40,900.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

SOL Tests Key Support Level, Could the FOMO Be Coming to an End?

https://coinedition.com/sol-tests-key-support-level-could-the-fomo-be-coming-to-an-end/

  • Santiment revealed that SOL was quick to recover to above $71 following the latest market crash.
  • In an X post, the analytics platform shared that there is a high level of FOMO surrounding recent and upcoming airdrops on Solana.
  • Technical indicators on SOL’s chart suggested that its price may drop to $60 in the next 24-48 hours.

The blockchain analytics platform Santiment revealed in an X post earlier today that the altcoin market recovered quickly after the latest market-wide selloff. Solana (SOL) stood out from the pack and was able to rise back above the $71 mark. According to the post, SOL is gaining quickly compared to the majority of altcoins.

Despite SOL’s current strength, Santiment suggested that the positive sentiment surrounding the project needs to cool down a bit before the altcoin can experience “a serious run”. In another post, the platform speculated that there may be a degree of FOMO surrounding recently hyped airdrops on Solana.

At press time, SOL was one of the handful of cryptocurrencies that managed to record a gain in the past 24 hours. Data from the cryptocurrency market tracking website CoinMarketCap indicated that SOL was up 1.16%. Subsequently, the altcoin was trading hands at $70.34. 

This latest increase in price added to SOL’s positive weekly streak as well. As a result, the altcoin’s weekly performance stood at +16.77%.

SOL was testing the key support level at $70 at press time. A drop below this level could lead to the altcoin’s value falling to around $60. This is the same price point as the lower level of a medium-term positive price channel that has formed on the altcoin’s daily chart. Should SOL break below this channel, it could be at risk of testing the next key support at $49.65.

This bearish thesis may be invalidated if SOL is able to close the next two daily candles above $70. In this more bullish scenario, the cryptocurrency could enter into a bullish move, potentially leading to SOL rising to $100.

Technical indicators suggested that SOL’s price drop is not over yet. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggested that SOL could drop in the next 48 hours.

The RSI line crossed below the RSI Simple Moving Average (SMA) line over the past 48 hours. This is a significant bearish technical flag which indicates that sellers have gained the upper hand against buyers. In addition to this, the MACD line was breaking down towards the MACD Signal line. These two lines crossing could signal a continuation of the bearish trend.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

These Two Altcoins May Soon Benefit From BTC’s Gains: Analyst

https://coinedition.com/these-two-altcoins-may-soon-benefit-from-btcs-gains-analyst/

  • Michael van de Poppe revealed that now may be the perfect time to stock up on altcoins.
  • The analyst also predicted that altcoins may soon enter into their respective bull cycles.
  • As hype surrounding BTC Spot ETFs starts to simmer, van de Poppe predicts ETH could rise to above $3K.

The renowned cryptocurrency trader and analyst Michael van de Poppe stated in his latest analysis that now may be the perfect time to stock up on altcoins. In the video, he also predicted that the altcoin market may be entering a bull cycle.

At the core of van de Poppe’s prediction, the altcoins may rally soon, as the dominance of Bitcoin (BTC) may be leveling off. He also shared that the hype surrounding Spot Bitcoin ETFs (exchange-traded funds) may be cooling down as well. Subsequently, he anticipates that capital will soon flow from BTC into altcoins.

Given the fact that Ethereum (ETH) is the largest altcoin in terms of market cap, he expects it to benefit the most from this potential shift in capital allocation. Adding to his bullish outlook for ETH, the analyst believes that the hype surrounding Spot Ethereum ETFs could drive its price in the coming weeks as well.

Should this bullish thesis be validated, the altcoin market leader’s price could rise to above $3K, predicted van de Poppe. ETH is not the only altcoin that the analyst has his eyes on. He also revealed that Chainlink (LINK) has attracted his attention given its strong performance in the past few weeks. 

The analyst noted that there has been a bullish shift in trend for the LINK/BTC pairing over the past few days, which may lead to LINK rallying soon. Before this, however, he warned that there may be a brief correction before the cryptocurrency enters another leg up.

At press time, BTC, ETH, and LINK were all down. The market leaders BTC and ETH saw their prices drop 4.13% and 4.84%, respectively, over the past 24 hours, according to CoinMarketCap. Meanwhile, LINK was the biggest loser, as it recorded a 24-hour loss of 7.96%.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

ADA Could Experience a Strong Correction Soon, Predicts Analyst

https://coinedition.com/ada-could-experience-a-strong-correction-soon-predicts-analyst/

  • Dan Gambardello warned in his latest analysis that ADA could suffer a 20-27% drop in price soon.
  • ADA recorded a new higher low on its weekly chart, which may trigger a wave of profit-taking from traders.
  • At press time, ADA was changing hands at $0.5551 after it dropped more than 5% over the past 24 hours.

The cryptocurrency analyst and trader Dan Gambardello warned in his latest analysis that Cardano (ADA) may be at risk of correcting 20-27% soon. His prediction comes after the altcoin was able to record a higher low on its weekly chart which is higher than the previous “swing high.”

Despite the potential for a strong pullback in ADA’s value, the analyst did not outweigh the possibility of ADA’s price continuing its climb. In this bullish scenario, his upside target is at $0.65. One thing to take note of, according to the analyst, is that ADA has entered overbought territory.

Although an altcoin entering overbought territory is not a definitive sign that a correction will take place, he shared that the chances of a price drop have increased. Should this technical flag be validated, ADA could look to target immediate support at $0.54. This could then be followed by a strong move down.

Although ADA’s charts suggest a short-term correction is likely, there is still the multi-month upside target at $0.85 that is still in play. Gambardello shared that it may take a while for ADA to rise to this price point, given the fact that it is still forming the structure for this potential move.

ADA saw its price drop more than 5% over the past 24 hours, according to CoinMarketCap. This brought its price down to $0.5551 at press time. Despite the 24-hour loss, the cryptocurrency’s weekly performance remained well in the green at +35.40%.

Along with the latest drop in price, the altcoin also experienced a decrease in its 24-hour trading volume. CoinMarketCap data indicated that the total volume for ADA stood at $1,298,135,749, which was 40.39% down from what it was in the previous 24-hour cycle.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

DOT Overtakes LINK and MATIC, but Technicals Warn of a Correction

https://coinedition.com/dot-overtakes-link-and-matic-but-technicals-warn-of-a-correction/

  • DOT was able to overtake both MATIC and LINK to become the twelfth-largest cryptocurrency by market cap.
  • DOT was changing hands at $6.86 after its price underwent a correction in the past 24 hours.
  • Technicals suggest that DOT’s bullish momentum may have reached a peak.

Polkadot (DOT) was able to climb above Chainlink (LINK) and Polygon (MATIC) in terms of market cap. This is after DOT’s price surged more than 21.50% over the past week. 

At press time, DOT was trading hands at $6.86 according to CoinMarketCap data. Despite the altcoin’s price undergoing a slight correction in the past 24 hours, DOT was still ranked above LINK and MATIC in terms of market cap.

DOT outperformed LINK throughout the past day of trading as well, as LINK saw its price drop more than 8%. MATIC was the best performer of the three cryptocurrencies, as it only recorded a 24-hour loss of 4.96% during the same period. Subsequently, LINK changed hands at $15.04, while MATIC’s price stood at $0.8661.

In terms of market cap, DOT had a total valuation of $8.605 billion. On its heels was LINK with its cap of $8.377 billion. Both of these cryptocurrencies stated above had a slight advantage over MATIC, which had a total market cap of just over $8 billion.

From a technical standpoint, DOT was rejected by the $7.425 resistance level over the past 24 hours. This rejection caused it to correct to below the $6.595 support level earlier in today’s trading session. Since then, bulls have been able to boost the altcoin’s price to back above $6.595.

Should DOT close today’s trading session above this significant price point, then it may attempt another challenge at the $7.425 resistance level in the next 24 – 48 hours. A break above this barrier will then clear a path for the cryptocurrency’s value to climb to as high as $10 in the following couple of days.

On the other hand, a daily close below $7.425 today may invalidate the bullish thesis. In this more bearish scenario, DOT may retest the aforementioned $6.595 support level. Thereafter, DOT falling below this mark could expose it to the risk of dropping to $5.975 in the short term.

Technical indicators on the cryptocurrency’s daily chart suggested that it may continue to drop in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators suggested that buyers were exiting DOT’s charts.

The RSI line was looking to cross below the RSI Simple Moving Average (SMA) at press time. Should these two technical indicators cross, it could signal a bearish shift in momentum. Meanwhile, the slope of the MACD line was leveling off, which may indicate DOT’s bullish momentum has reached a peak.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Layer-2 Tokens OP, ARB, IMX Surge as ETH Shows Bullish Signs

https://coinedition.com/layer-2-tokens-op-arb-imx-surge-as-eth-shows-bullish-signs/

  • OP, ARB, and IMX surged over the last 24 hours, with OP registering the highest gain of 23.5+%.
  • ETH’s bullish momentum can be the reason Layer-2 cryptocurrencies are performing.
  • After breaking above a key resistance level, Michael van de Poppe predicted that ETH could break $3K in Q1 of 2024.

The total market cap for Layer-2 projects jumped 5.5% over the past 24 hours, according to CoinMarketCap. As a result, the collective valuation of Layer-2 projects stood at more than $16.217 billion as of press time.

Leading the charge in this category of cryptocurrencies were Optimism (OP), Arbitrum (ARB), and Immutable (IMX). All three of these altcoins saw their prices surge throughout the past day of trading. 

OP recorded the largest 24-hour increase of the three cryptocurrencies, as its price jumped by more than 23.5% in the last day. This boosted the altcoin’s value to $2.18 at press time. The latest increase in price also pushed OP’s weekly performance deeper into the green to +28.70%.

The next biggest gain was posted by ARB, after its price climbed 7.60%. Subsequently, the Layer-2 cryptocurrency’s price stood at $1.17. Although not as impressive as the gains achieved by OP and ARB, IMX still registered an impressive 3.60% gain throughout the past day of trading. This elevated its value to $1.50 at press time.

Ethereum Strength Could Be Fueling Layer-2 Rallies

A potential reason for the surge in prices for Layer-2 cryptocurrencies may be the fact that ETH is showing strong signs of continuing its current bullish move. This is after the altcoin broke above a key resistance level in the last couple of days.

ETH was able to break above the $2,300 resistance level over the past 48 hours and continued to trade above this significant price point at press time. Should it close today’s trading session above $2,300, it may continue rising to as high as $2,615 in the coming few days. Traders and investors will want to note that a bullish price channel has emerged on ETH’s daily chart.

The positive channel formed after the altcoin leader recorded a series of higher lows and higher highs over the past couple of weeks. Technical indicators also supported a bullish outlook. At press time, both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.

In addition to the MACD line being positioned above the MACD Signal line, the RSI line was also positioned above the RSI Simple Moving Average (SMA) line. These technical flags suggest that buyers have the upper hand against sellers. Furthermore, they also hint at a potential continuation of ETH’s positive trend in the short term.

This bullish thesis may be invalidated if ETH closes a daily candle below $2,300 in the next 72 hours. In this more bearish scenario, the altcoin could be at risk of correcting to $2,145. 

Ethereum Could Break $3,000

The renowned cryptocurrency analyst and trader Michael van de Poppe predicted in one of his latest X posts that ETH could soon start to rally against the market leader Bitcoin (BTC). In the post, the analyst revealed that the best time to allocate towards altcoins is 3-8 months before a BTC halving event. 

Given the fact that the next halving event is expected to take place in April 2024, van de Poppe believes now is the best time to accumulate altcoins. Moreover, he predicted that ETH could surge to above $3,000 in the first quarter of next year.

Since publishing the post, ETH has seen its price rise by 4.84%. This was a continuation of its positive weekly streak as the cryptocurrency was also up 13.41% at press time over the past 7 days as well. As a result, the altcoin market leader was trading hands at $2,375.50. 

ETH had pulled back slightly after reaching a 24-hour high of $2,387.51. Despite this, it was still trading closer to this peak than its 24-hour low, which was situated at $2,225.05.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

ADA Escapes Bearish Pattern and Could Climb to $0.85: Analyst

https://coinedition.com/ada-escapes-bearish-pattern-and-could-climb-to-0-85-analyst/

  • Dan Gambardello shared in his latest analysis that his upside target for ADA is $0.85.
  • ADA was able to break out of a descending triangle pattern on its weekly chart over the past 24 hours.
  • At press time, ADA was trading at $0.4774 after it recorded a 6.93% gain.

The popular trader and analyst Dan Gambardello predicted that Cardano (ADA) could soar to as high as $0.85 following a breakout above a bearish medium-term chart pattern. In the video, he highlighted that the altcoin was able to escape a descending triangle that had emerged on its weekly chart.

The latest breakout led to Gambardello speculating whether ADA could be exiting its multi-year bearish cycle and may be pivoting into the bull market on its weekly chart. He also revealed that this move is reminiscent of ADA’s price movement leading up to the previous Bitcoin (BTC) halving. 

Following the build-up to this previous halving event, ADA started rallying. The analyst also noted that ADA is starting to behave similarly to its competitor Solana (SOL), which has seen its price surge over the past few weeks.

A key technical indicator to keep an eye on for ADA is the weekly Relative Strength Index (RSI) indicator. In his analysis, Gambardello revealed that the weekly RSI has recorded a series of higher highs, and could lead to ADA breaking the key level at $0.5940 soon.

Despite his overall bullish outlook for the cryptocurrency, the analyst did warn that a correction may soon ensue. Should ADA’s price pull back, Gambardello believes that it could fall to as low as $0.30-$0.35. Nevertheless, the analyst remains optimistic about ADA’s potential in the next bull market as he believes the altcoin is “undervalued” from a fundamental perspective.

At press time, ADA was changing hands at $0.4774 after it managed a 6.93% increase in price over the past 24 hours of trading, according to CoinMarketCap. This latest uptick in ADA’s value was a continuation of the altcoin’s positive weekly performance, which was up by 25.70%.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Expert Predicts SOL Could Hit $100 as It Breaks Above $70

https://coinedition.com/expert-predicts-sol-could-hit-100-as-it-breaks-above-70/

  • The co-founder of BitMEX, Arthur Hayes, predicted that SOL could rise to $100 soon.
  • Hayes’ prediction comes after the altcoin managed to break above the strong $70 resistance.
  • A bullish chart pattern and technical indicators suggested that SOL’s price could continue rising in the coming week.

The co-founder of BitMEX Arthur Hayes revealed that he is very bullish on Solana (SOL) in an X post published earlier today. In the post, Hayes revealed that he sees the altcoin rising to as high as $100 in the next few days.

This post follows shortly after the cryptocurrency managed to break above a key resistance level over the past 24 hours. During this period, SOL overcame the $70 mark. It also continued to trade above this level at press time.

Should SOL close a daily candle above $70 today, it may have the foundation needed to move toward the $100 mark. Supporting this bullish thesis is an ascending triangle pattern that has formed on the altcoin’s daily chart. This specific pattern emerged after SOL recorded a series of higher lows and suggests that SOL could break out soon.

In addition to the bullish chart pattern, technical indicators on SOL’s daily chart were flagging bullish as well. The first indicator that investors will want to take note of is the Moving Average Convergence Divergence (MACD). In the past 48 hours, the MACD line crossed above the MACD Signal line, which could signal a continuation of SOL’s positive trend.

Buyers also seemed to have the upper hand against sellers on SOL’s daily chart. This was evident by the Relative Strength Index (RSI) indicator. With the RSI line positioned above the RSI Simple Moving Average (SMA) line, it may be easier for bulls to boost SOL than it will be for sellers to drag the price down in the next few days.

This bullish thesis will remain a possibility as long as SOL remains above $70. Should it close a daily candle below this level, it could be at risk of correcting down to the next key support level at $49.65 in the following 2 weeks.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

SHIB’s Latest Resurgence Could See It Close Above $0.00001

https://coinedition.com/shibs-latest-resurgence-could-see-it-close-above-0-00001/

  • Shiba Inu (SHIB) surged over the past 24 hours and rose above $0.00001.
  • The meme coin has pulled back to trade below the $0.00001 resistance level at press time.
  • Technical indicators suggest that SHIB’s slight correction may be followed by another leg up to above $0.00001.

Shiba Inu (SHIB) surged over the past 24 hours and was able to briefly break above the $0.00001 threshold. Since then, it has corrected to trade below this significant price point. Despite this, technical indicators on the meme coin’s chart suggest that it could close a daily candle above $0.00001 soon. This may then give it the foundation to continue climbing.

SHIB was able to break above the $0.00000925 resistance level throughout the past 72 hours. This strong price movement continued, as SHIB temporarily surged through the $0.00001 barrier during yesterday’s trading session. In the past 24 hours, the meme coin was able to reach a peak of $0.1070. It has since undergone a correction to trade below $0.00001. 

Technical indicators on the cryptocurrency’s daily chart suggested that there was still enough fuel in the tank for SHIB to continue climbing in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators supported a short-term bullish outlook.

Most notably, the MACD line was breaking away above the MACD Signal line, which may signal that SHIB’s bullish momentum could grow stronger in the coming couple of days. In tandem with this, the RSI line was positioned above the RSI Simple Moving Average (SMA) line. The current orientation of these two lines is indicative of strong buying power.

Traders and investors will want to note, however, that the slope of the RSI line was leveling off at press time. This may be a sign that some buyers have exited SHIB’s charts. Should bulls shift their focus away from SHIB in the next few days, the meme coin could pull back to the recently-flipped $0.00000925 mark.

Continued sell pressure could then force SHIB down to the subsequent support at $0.00000847. In an extremely bearish scenario, SHIB’s value may plummet to as low as $0.00000775 within the following 2 weeks. Given the bullish technical flags, however, the meme coin’s price may continue rising. In this bullish scenario, SHIB could break above $0.00001055.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BONK Coin Soars Replicating DOGE and SHIB’s Early Rallies

https://coinedition.com/bonk-coin-soars-replicating-doge-and-shibs-early-rallies/

  • BONK surged more than 31% over the past 24 hours to trade at $0.00000814 at press time.
  • The meme coin’s positive daily performance pushed its gain over the past month to +979%.
  • Technicals on BONK’s daily chart suggested that the meme coin may continue to rally.

Bonk (BONK) added to its impressive momentum over the past 24 hours. Data from the cryptocurrency market tracking website CoinMarketCap indicated that the meme coin recorded a daily gain greater than 31%. Subsequently, the cryptocurrency was changing hands at $0.00000814 at press time.

BONK’s latest price increase propelled its monthly performance to +979%. Meanwhile, the altcoin was up more than 7,300% since entering the cryptocurrency space.

Simultaneous to the increase in price throughout the past day of trading, BONK recorded a drop in its 24-hour trading volume. CoinMarketCap data indicated that the total volume for the meme coin was down 34%. Subsequently, the collective total stood at $104.983 million.

BONK was able to reach a peak of $0.000008465 throughout the past day of trading. Since then, it has pulled back to trade at its current level. Nevertheless, BONK’s price was still closer to its 24-hour high than its daily low, which was situated at $0.000006155.

From a technical standpoint, BONK has rampaged through multiple key resistance levels. The most recent barrier that was breached is the $0.0000046040, which BONK broke through on Saturday. Since then, the altcoin has been in a multi-day positive sequence, which elevated it from a low of $0.0000045390 to a high of $0.0000086481.

Technical indicators on BONK’s daily chart suggested that its price may continue rising in the short term. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish at press time.

BONK’s rally is similar to the strong price movements Dogecoin (DOGE) and Pepe (PEPE) underwent in their early days. Subsequently, the meme coin could become the next big name in the meme coin and the broader cryptocurrency space.

At press time, CoinMarketCap showed that DOGE was up more than 18,200% from its listing price. Meanwhile, PEPE was up more than 2,700% after it entered the market priced at $0.00000006036.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

BTC’s Dominance Drops, but Alt Season May Still Be Months Away

https://coinedition.com/btcs-dominance-drops-but-alt-season-may-still-be-months-away/

  • Dan Gambardello noted in an X post today that Bitcoin’s dominance is dropping slightly.
  • Despite BTC losing some of its market presence, the analyst predicted that the altcoin season may still be a few months away.
  • Gambardello also noted that ETH and ADA seem to be setting up for a bullish rally.

The cryptocurrency trader and analyst Dan Gambardello revealed in an X post earlier today that Bitcoin’s (BTC) dominance is dropping. According to the post, this may open up the potential for altcoins to rally before the upcoming halving event estimated to take place in April.

In his analysis, Gambardello mentioned that BTC’s dominance reaching between 60% to 67% was still a possibility. Nevertheless, he speculated that the market leader’s dominance could drop significantly as the halving event approaches.

Should traders exit their positions in BTC and direct the capital towards altcoins, the analyst believes that Cardano (ADA) and Ethereum (ETH) will be the main beneficiaries. With regards to ETH, he highlighted that it has a first-mover advantage in the altcoin market, which could see it be one of the best performers in the next altcoin season.

He also predicted that ETH could break out in the coming weeks as it has managed to rise above the base of a long-term ascending triangle. On the other hand, he also warned that there is still the risk of ETH’s price recording a higher low at $1,800 in the medium term.

Looking at ADA, the analyst highlighted that the altcoin has managed to close the past 7 weekly candles in the green, and could be on track to close this week’s candle in the green as well. ADA closing eight consecutive weekly candles in the green will be a first, noted the analyst. 

He also shared that his upside target for ADA is $0.45. Furthermore, he predicted that a break above this significant price point would be “insanely bullish.” Despite the bullish setups for ADA and ETH, Gambardello did state that it may take a few months for altcoins to truly break out. He estimated that the real altcoin season may only take place in the months following the halving.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

GBTC Discount Narrows as Bulls Continue to Drive Its Price

https://coinedition.com/gbtc-discount-narrows-as-bulls-continue-to-drive-its-price/

  • Kaiko revealed in an X post that the GBTC discount is at its most narrow in years.
  • According to the post, the GBTC discount stands at just 8% ahead of the possible ETF conversion.
  • Technical indicators on GBTC’s daily chart suggested that its price may continue to rise in the next few days.

The blockchain intelligence platform Kaiko revealed in an X (formerly Twitter) post yesterday that the Grayscale Bitcoin Trust (GBTC) discount is at its most narrow in years. According to the post, the discount stands at just 8% ahead of GBTC’s potential exchange-traded fund (ETF) conversion.

Meanwhile, data from TradingView shows that GBTC was up 4.35% and stood at $35.10 at press time. This was after it was able to rise above the major resistance level at $32 over the past 72 hours. Should this bullish momentum continue, GBTC could rise to as high as $40.15 in the next few days. 

This bullish thesis will be invalidated if GBTC closes a daily candle below the $32 mark in the coming week. In this more bearish scenario, GBTC could fall to the subsequent support level at $27.80 in the following couple of days.

Technical indicators on GBTC’s daily chart did, however, suggest that it may continue to rise in the next few days. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish at press time.

The MACD line was positioned above the MACD Signal line and was sloped positively. This may indicate a continuation of GBTC’s positive trend. In addition to this, the RSI line was positioned above the RSI Simple Moving Average (SMA) line. Traders normally identify this technical occurrence as a sign that buyers have more strength than sellers.

Furthermore, the RSI line was sloped positively towards overbought territory, which could signal that buyers retained their strength against bulls at press time. If these technical indicators are validated, GBTC could rise to the aforementioned $40.15 barrier soon. With enough buy pressure, it could even overcome this significant level as well.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

FTT’s Struggle to Break Above $5 Signals Potential Market Top

https://coinedition.com/ftts-struggle-to-break-above-5-signals-potential-market-top/

  • FTX Token (FTT) plummeted more than 16% over the past 24 hours to trade at $4.31.
  • A bullish ascending triangle formed on FTT’s daily chart, which could lead to FTT flipping the $5 resistance level.
  • Technical indicators suggested that FTT has reached a peak and may drop in the next 24-48 hours.

FTX Token (FTT) suffered a major blow over the past day of trading. At press time, the cryptocurrency market tracking website CoinMarketCap indicated that the altcoin plummeted more than 16%. This dragged the altcoin’s price down to $4.31.

The altcoin also recorded a decrease in its 24-hour trading volume. CoinMarketCap data showed that FTT’s volume was down 19.59% – bringing it to $227.843 million. 

FTT was, however, able to reach a high of $5.17 during the last trading session. Since then, it has undergone a strong correction to trade at its current level. Consequently, the cryptocurrency was trading closer to its daily low of $4.25.

An ascending triangle has emerged on the daily chart for FTT/USDT. This is generally seen as a bullish chart pattern and suggests that the altcoin’s price may soon flip the $5 resistance level into support. Traders and investors will want to note, however, that FTT was rejected by this key price point over the past 48 hours.

As a result, the cryptocurrency is at risk of retesting the support level at $2.6815 in the coming week. Continued sell pressure at this significant price point could lead to FTT falling to as low as $1.7740 in the short term.

Technical indicators on FTT’s daily chart suggested that the cryptocurrency’s price has reached a peak. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bearish at press time.

Buyers weakened against sellers throughout the past couple of days, which was evident by the RSI line that had crossed below the RSI Simple Moving Average (SMA) line. The MACD line was also attempting to cross below the MACD Signal line. This is generally seen as an indication of a continuation of the cryptocurrency’s negative trend.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Ben Armstrong Shares His Top Altcoin Picks for December

https://coinedition.com/ben-armstrong-shares-his-top-altcoin-picks-for-december/

  • Ben Armstrong gave an update regarding his November altcoin picks and shared that they performed very well.
  • In the video, he named SEI, SUI, RIO, FLR, and PRIME as his top altcoin picks for December.
  • All of the altcoins named in Armstrong’s video managed to print gains over the past 24 hours.

The popular crypto influencer Ben Armstrong revealed his five altcoin picks for December in his latest YouTube video. These picks come after he declared that his November picks performed phenomenally well.

The first altcoin named by Armstrong is Sui (SUI). Initially, the project was met with a lot of controversies during its early days but has since been able to sort out the majority of its issues, noted the influencer. 

Next is Sei (SEI), which was able to climb more than 150% over the past month, according to CoinMarketCap data. Armstrong expects this bullish momentum to continue in December. Realio Network (RIO) was also mentioned in the influencer’s video, as he sees it as a promising real-world asset (RWA) project.

The last two picks are Flare (FLR) and Echelon Prime (PRIME). FLR attracted Armstrong’s attention due to the fact that it was showing “signs of life.” Furthermore, the project aims to bring data to the blockchain in an innovative way. Meanwhile, Armstrong mentioned PRIME, which is currently a hyped altcoin on Token Metrics and would bring Pokémon and other trading card games to the blockchain.

All of the cryptocurrencies mentioned in the video were able to print gains over the past 24 hours at the time of writing. SUI was up more than 1% and was changing hands at $0.6344 at press time.

Similarly, SEI’s price stood at $0.2974 following its slight gain of 0.67%. RIO was the best performer in Armstrong’s December altcoin picks. CoinMarketCap data showed that the altcoin surged 11.84% throughout the past day of trading. Subsequently, the cryptocurrency was trading at $0.6155.

FLR saw its price climb 0.84% in the last 24 hours. This elevated the altcoin’s value to $0.01429 at press time. Moreover, PRIME gained 0.31%, resulting in it being valued at $7.41.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.