Coin overview
ATH
Ended--
Last price (USDT)
301.74K
24h total (USDT)
1.14M
Total vol (USDT)
2024-06-05 08:00:00 ~ 2024-06-12 09:30:00
Trading time (UTC+0)
2024-06-13 04:00:00
Delivery time (UTC+0)
Total supply42.00B
Resources
Introduction
Aethir is the only Enterprise-grade AI-focused GPU-as-a-service provider in the market. It’s a decentralized cloud computing infrastructure that allows GPU providers (containers) to meet Enterprise clients who need powerful H100’s chips for professional AI/ML tasks. Aethir also support cloud gaming clients with their virtual computing phones and GPU's with contracts with the world’s largest telecommunication company. Everything within Aethir ecosystem will be decentralized and community-owned.
Cardano (ADA) Poised for 40% Rally: Analyst Reveals Path to New ATH
Crypto analyst Michaël Van de Poppe suggests that Cardano (ADA) is poised for a potential 40% rally, with key support levels signaling a possible breakout and a path to new all-time highs. Despite market uncertainty, Van de Poppe remains optimistic, projecting ADA to surpass its ATH of $3.10 by 2025 or 2026. Crypto analyst Michaël Van de Poppe has recently shed light on the potential for a 40% rally for Cardano following its significant price correction in December 2024. The well-known figure and founder of MN Consulting presented his technical analysis on the X platform . Request 01 – $ADA The scenario remains the same. Pretty heavy run upwards and a 40% correction. I think we're getting towards the end of this correction, through which I'm expecting a new leg up for things like $ADA . pic.twitter.com/cPxRSfCJ6Y — Michaël van de Poppe (@CryptoMichNL) December 30, 2024 ADA has experienced considerable volatility in recent weeks, with its price falling over 35% from its peak in December 2024, which reached $1.3264. As of the time of press, the token is trading at approximately $0.8574, marking a decline nearing 40%. However, Van de Poppe sees this sharp correction as a precursor to a potential breakout, with the asset inching closer to a critical support zone that could catalyze the next phase of price appreciation. Potential Next Steps for Cardano (ADA) According to Van de Poppe’s analysis, the current price level of ADA holds significant historical importance. In 2022, this level acted as a persistent resistance barrier. However, early in 2024, the token successfully broke through this resistance, and it could now serve as a strong support zone. Van de Poppe suggests that this shift could act as a foundation for ADA to regain upward momentum, paving the way for future price surges. The broader context of ADA’s market performance further supports this bullish outlook. From its position in early November 2024, when ADA was valued at $0.3263, the token saw an extraordinary 300% increase, reaching a high of $1.3264 in December. This significant gain marks the beginning of what Van de Poppe believes could be an even more substantial bull market cycle for Cardano. However, the analyst also notes that there is a potential for ADA to experience further downside movement before its rally truly gains traction. If ADA were to dip lower than expected, Van de Poppe suggests that the $0.7460 price point could serve as a crucial level of support, making it an ideal entry point for those considering a long-term investment in ADA. Timeline for Cardano New ATH Looking ahead, Van de Poppe projects that ADA has the potential to surpass its all-time high of $3.10 within the next two years. He believes this could occur as early as 2025 or 2026, driven by the ongoing momentum and broader market recovery. To maintain this upward trajectory, Van de Poppe identifies $1.2430 as a key resistance level that ADA must overcome. However, ADA faces a substantial challenge in the form of a sell wall between $0.947 and $1.09, which could create a delay in its climb back toward the $1 mark. Despite the resistance, Van de Poppe’s long-term outlook remains optimistic. He is confident that, once these hurdles are overcome, ADA could continue its ascent, potentially reaching new ATHs in the coming years. Still, he acknowledges that external factors, such as market uncertainty stemming from internal tensions within Cardano’s parent company and the Federal Reserve’s recent rate cuts, could create some headwinds. These elements of uncertainty may contribute to an extended bearish phase before ADA can initiate its rally.
After Years of Patience, Altcoin Whale Gave Up: Despite Waiting, He Sold at a Huge Loss
According to cryptocurrency onchain data, a crypto whale seems to have given up and sold his altcoins after a long wait. When the data is examined, it is seen that the cryptocurrency whale with the wallet address “0xe6227c1d47d2e55ee0ea3600ae0cdb3bd4b9bb5c” moved 1.08 million UniSwap (UNI) tokens worth $14.11 million to Coinbase. This whale had not shown any activity for two years. The whale wallet accumulated these altcoins between February 23, 2021 and October 2, 2022, and made a total payment of $14.95 million at an average price of $13.83. Despite holding onto its tokens for years, the whale wallet closed this trade with a loss of $839,000. Related News Surprise Stablecoin Temporarily Loses Its $1 Stablecoin Stability as a Single Whale Makes a Massive Sale At the time of writing, UNI is trading at $13.41. However, the UNI price climbed to $18.64 in September, but the whale wallet did not sell at that time. Interestingly, UNI reached an all-time high of $45 in May 2021, when the whale wallet actually bought after a significant drop from ATH. However, the altcoin market has not been able to return to ATH levels since then. *This is not investment advice.
VIRTUAL Token Plunges 30% Hours After Record Peak
Virtuals Protocol ( VIRTUAL ) has been on an impressive upward trajectory, reaching multiple all-time highs throughout December, with the latest high of $4.14 occurring within the past 24 hours. However, this stellar performance might be at risk if historical patterns that suggest potential price declines after major rallies come into play. Investor behavior has shown a marked increase in realized profits for VIRTUAL holders, a typical trend where investors secure gains following a price surge. While such actions confirm market confidence, they also introduce the risk of a price pullback, as increased selling pressure could dampen VIRTUAL's upward momentum. Profit-taking among VIRTUAL holders, seen in previous rallies, suggests a possible price retreat in the coming days. The extent of any potential drawdown will largely depend on overarching market conditions and the prevailing investor sentiment. Remarkably, VIRTUAL's active addresses have hit an all-time high, illustrating a surge in network participation. The recent ATH has grabbed investor attention, driving higher network activity and underscoring VIRTUAL's increased interest and growth potential. Strong investor participation might offset some selling pressure, supporting price stability. Ongoing engagement signifies growing protocol adoption and could help lessen the risk of a sharp price correction. Maintaining momentum will require balancing new demand with profit-taking tendencies. Currently, VIRTUAL is trading at $3.94, a notch below its recent ATH of $4.14, reached after a notable 17% surge in the last 24 hours. While VIRTUAL remains a top performer in the market, mixed signals call for near-term caution. The dynamic between selling pressure and heightened participation could lead to a short consolidation period. VIRTUAL's price may stabilize above $3.26 while encountering resistance at $4.14, setting a potential baseline for future movement subject to market trends. If bullish momentum gains strength, VIRTUAL might surpass its ATH, continuing its ascent. Conversely, should profit-taking prevail, prices could dip below $3.26, potentially sliding to $2.00 or lower. This shift would reverse the bullish outlook and encourage a more cautious market stance.
Bitcoin Could Breach $150,000 in 2025, Says Satoshi Action Fund CEO
Satoshi Action Fund CEO predicts Bitcoin price to breach the $150,000 mark in 2025. Bitcoin year end price dip was due to large selloffs for tax purposes. Bitcoin started the new year with a slow recovery as its price witnessed around 2% rise in the last 24 hours. After plunging to around $91K price range by the end of 2024, it has now entered the $95K zone, reaffirming predictions behind the larger 2025 bull run. The after effect of the Bitcoin Halving event in 2024, combined with favorable market conditions such as US elections, Bitcoin price witnessed an unprecedented growth, particularly in December 2024. It eventually recorded the much-awaited $100,000 milestone and eventually reached an ATH of over $108,268 on Dec 17, 2024. Meanwhile, analysts and industry leaders are making predictions on Bitcoin reaching new all-time highs in the new year. The pro-crypto stance of US President Donald Trump and increasing global crypto adoption, along with rise of AI and crypto integration, RWAs, DePIN technologies are all leading to a positive market sentiment in 2025. Satoshi Action Fund CEO Predicts Bitcoin Price Could go Beyond $150,000 in 2025 A lot of bitcoin was being sold before the end of the year for tax purposes. The year has ended. It is now 2025. I predict between now and August we go on a run to $150,000 or higher. — Dennis Porter (@Dennis_Porter_) January 1, 2025 Satoshi Action Fund CEO Dennis Porter recently posted on X, stating his prediction of Bitcoin price to reach $150,000 and beyond. While most of the long-term BTC holders sold the crypto for gains in December 2024, the year end tax benefits might also be another reason for a large sell-off. Keeping this section of investors in mind, the accumulation of BTC might increase in the new year. Dennis Porter predicts Bitcoin could go on a run to $150,000 or higher from January to August 2025. Meanwhile, several other industry leaders are also making some price predictions for Bitcoin to reach $200,000 in 2025. Bitcoin price could reach new all-time highs with large investments pouring in, increase in institutional adoption, and global countries exploring strategic Bitcoin reserves. Highlighted Crypto News Today: What are the Chances of Bitcoin Hitting $200K in 2025?
Kekius Maximus Memecoin Crashes After Elon Musk’s Profile Update
Elon Musk’s profile change from Kekius Maximus led to a major drop in the memecoin’s market cap. The KEKIUS token’s price dropped over 70% in one hour, with the current price at $0.1157. A whale sold a large amount of KEKIUS tokens and earned a $2.3 million profit. Elon Musk, the ever-controversial tech billionaire, has done it again—setting social media and cryptocurrency markets on edge with another profile update. After creating waves by adopting the moniker “Kekius Maximus” and featuring a Roman-style Pepe the Frog as his X (formerly Twitter) profile picture on Dec 31, Musk has now reverted to his usual enigmatic self, leaving the memecoin in disarray. Kekius Maximus , a memecoin inspired by Pepe the Frog and Roman hero Maximus Decimus Meridius, saw a dramatic market shift following Musk’s update. Initially, the token had seen a meteoric rise, climbing nearly 500% to hit ATH $0.40 on Jan 1, as per CoinGecko data. Kekius Maximus (KEKIUS) Price Chart (Source: CoinGecko ) However, the fallout from Musk’s earlier antics has been dramatic. Kekius Maximus saw its market cap nosedive from $400 million to $120 million in an hour after Musk’s profile change. The token’s price dropped over 70% in a single day, with its current price hovering at $0.100 and daily trading volume at $348 million as panic set in. (Source: GMGN ) Further, the crash was triggered by a whale account (0x8201…) that took advantage of the situation, quickly offloading a massive amount of KEKIUS tokens. The sell-off triggered the steep price drop, but the whale managed to walk away with a $2.3 million profit, leaving smaller investors scrambling. Elon Musk and Crypto Market Reaction Musk’s latest profile change—abandoning the Kekius Maximus persona—has raised even more questions. While his earlier updates fueled speculation about potential ties to the token, no direct connection was ever confirmed. Instead, Musk teased followers with cryptic comments about “level 80 in hardcore PoE,” a nod to the video game Path of Exile. Whether Musk’s antics are playful or intentional, they continue to demonstrate his uncanny ability to stir up excitement—and volatility—in the crypto market with a single update. Highlighted Crypto News Today Bitcoin Could Breach $150,000 in 2025, Says Satoshi Action Fund CEO
VIRTUAL Sees Massive Sell-Off After Hitting All-Time High
Virtuals Protocol (VIRTUAL) has been on an impressive uptrend, setting multiple all-time highs (ATH) throughout December. The altcoin reached yet another ATH in the last 24 hours, climbing to $4.14. However, this strong performance could face challenges, as historical patterns suggest potential price drawdowns following significant rallies. Virtuals Protocol Faces Selling Realized profits for VIRTUAL holders have spiked, indicating that investors are actively securing their gains. This behavior often follows a price surge as holders capitalize on profits. While this signals market confidence, it also raises the risk of a drawdown, as selling pressure tends to weaken the asset’s momentum. The current uptrend has encouraged many VIRTUAL holders to take profits, a pattern seen during previous price rallies. If this trend persists, the likelihood of a price pullback increases in the coming days. However, the magnitude of the drawdown will depend on broader market conditions and investor sentiment. VIRTUAL Realized Profits. Source: Santiment VIRTUAL’s active addresses have reached an all-time high, reflecting unprecedented participation in the network. The altcoin’s recent ATH has drawn significant attention, leading to increased activity among investors. This heightened engagement highlights the growing interest in VIRTUAL and its potential for further growth. Increased participation could counteract some of the selling pressure, as strong investor interest supports price stability. The sustained activity in the protocol highlights its growing adoption, which may help mitigate the risk of a sharp drawdown. However, continued momentum will depend on balancing new demand with profit-taking behavior. VIRTUAL Active Addresses. Source: Santiment VIRTUAL Price Prediction: Another ATH Inbound VIRTUAL is currently trading at $3.94, just below its ATH of $4.14, achieved after a 17% rise in the last 24 hours. This ascent has positioned VIRTUAL as one of the standout performers in the market, but mixed signals suggest caution in the short term. The interplay of selling pressure and increased participation could result in a brief period of consolidation. VIRTUAL’s price may stabilize above $3.26 while struggling to surpass $4.14. This range could serve as a baseline for its next move, depending on market conditions. VIRTUAL Price Analysis. Source: TradingView Should bullish momentum strengthen, VIRTUAL could break past its ATH and continue its upward trajectory. However, if profit-taking dominates, the price might fall below $3.26, potentially declining to $2.00 or lower. This scenario would invalidate the bullish outlook and shift sentiment towards caution.
What Are the Chances of Bitcoin Hitting $200K in 2025?
Several community members have predicted bullish prices for Bitcoin in 2025. The cryptocurrency fell to the $93K zone in the last 24 hours as per CMC data. In 2024, the crypto market showed leaps and bounds of progress, particularly in Q3. Several key instances shaped up to be the realization of dreams for community members. Spearheading such an instance is Bitcoin’s price historically reaching $100K , propelled by specific external factors. While multitudes of advancements occurred BTC’s $100K stood out among the crowd. Naturally, this has led to higher expectations for Bitcoin’s 2025 journey. With the New Year just days away, here is a detailed analysis of what we can expect for Bitcoin in 2025. The Million Dollar Question – Will BTC Cross $200K? Bitcoin price predictions always flood the market at crucial times of the year. With its recent all-time high of $108,268, which the digital asset hit 15 days ago, projections have been bouncing off from the $100K mark. Leading analysts Ali (@ali_charts), having read charts and historical data, predict a bouncing of price to $168,500, as shown by the Mayor Multiple Indicator. (Source: ali_charts ) On the other hand, Ali posted a bearish forecast in the past week. He inferred that, based on other analysts, Bitcoin, if it gives in to current bears, could lead to a market crash that would cause it to fall to the $60K zone. Analysts including Peter Brandt, ToneVays, and Thomas Lee expect a correction level of $73,000 and $70,000. ' @ToneVays believes that #Bitcoin $BTC trading below $95,000 is "very, very bad" because it increases the probability of a correction to $73,000! pic.twitter.com/sPLWYI6rit — Ali (@ali_charts) December 26, 2024 At the time of writing, Bitcoin had lost its crucial support at $97,300 and was trading at the $93K level as per CMC data . But for BTC to hit $168K, it is required to maintain prices above the aforementioned support and possibly above $100K. Although, with prices still safely closer to the $100K such an occurrence still holds potential. If Bitcoin rebounds to $168,500, then it would bring the $200K yardstick a lot closer for 2025. What Do Prominent Figures Forecast For Bitcoin’s Growth? In the past two months, particularly after the digital asset’s significant rally, numerous prominent figures have commented on the asset. Michael Saylor, the founder of MicroStrategy has been extremely bullish on Bitcoin. His firm has been accumulating the token over the past year. In numerous instances, Saylor has predicted Bitcoin’s exponential growth in the coming days. With pro-crypto regulations ensuing he also expects BTC to show significant growth in 2025. Additionally, Saylor also pitched to Microsoft to initiate a Bitcoin Strategic reserve that resulted in the latest ATH. Another prominent personality, Eric Trump, President-elect Donald Trump’s son in a recent Conference predicted that Bitcoin could hit the $1 million target. This would mean an advancement to the $200K in 2025 a possible start for this journey. Similarly, Block’s founder Jack Dorsey had predicted during H1 2024 that Bitcoin might hit $1M by 2030. Other prominent figures who expect Bitcoin to grow significantly in the coming year would include, spearheaded by Donald Trump, Elon Musk, and Jim Cramer. Finally, El Salvador’s president Nayib Buklee has also remained extremely optimistic towards Bitcoin. The government’s pro-crypto stance has been observed previously, even before the recent rally. How is the Crypto Landscape Shaping Up for 2025 Bitcoin’s $200K Rally? When weighing the reasons for the cryptocurrency’s recent rally, a shift in the organization namely the US elections peaks its tower above others. A pro-crypto US government and the resultant regulatory landscape have caused such a rally. This leads to speculations that with pro-crypto regulations already underway further price breakouts can be expected. Donald Trump had made several promises during his campaign, the chief of which was replacing SEC chair Gary Gensler. The election of a new regulatory leader – Paul Atkins has propelled positive notions within the market. (Source: TruthSocial ) Additionally, this transformation in the West has resulted in a huge influx of new investors globally. Singapore recently reported a hike in crypto investors that surpassed 15 million for the first time. Such instances, paving the way for mainstream crypto adoption do reflect on the prices of cryptocurrencies. This means that with such actions set to kickstart the year, Bitcoin price breakouts may not be very far-fetched despite current bearish trends. Furthermore, Bitcoin’s growth could also lead to growth in the altcoin sector as well. Several key altcoins including Solana , XRP, and HBAR have hit new all-time highs confirming the AltSeason. Conclusion The recent paradigm shifts in the crypto market caused Bitcoin to rally significantly which in turn set off the next batch of pro-crypto actions. The year ending on such notes leads to optimistic expectations and speculation for 2025 and the growth in Bitcoin that would accompany it. Contending from the aforementioned reasons, Bitcoin’s rally to $200K doesn’t seem impossible with market potentials depicting green signals. Although bearish periods might be accompanied, BTC could still show significant growth in 2025. Highlighted Crypto News Today: Ethereum Approaches Triangle Pattern Climax as Institutional Flows Turn Negative
Bitcoin Eyes $120,000: Market Sentiment Shifts to Bullish as 2025 Approaches
Bitcoin has faced challenges reclaiming the $100,000 support level over the past few days, reflecting short-term market hesitation. However, the broader macro perspective indicates that BTC remains poised for significant gains heading into 2025, with bullish sentiment gradually taking hold. Bitcoin’s New High May Not Be A Long Shot The aggregate cost basis for short-term holders (STHs) currently resides at $86,800, a value not far from Bitcoin’s current price of $94,170. Historically, STHs are quick to sell during price fluctuations. However, with these investors sitting on unrealized gains of 7.9%, they are more likely to hold as market expectations lean bullish. This cautious optimism stems from growing confidence in Bitcoin’s macro outlook. STHs, bolstered by market sentiment, appear ready to maintain their positions. With Bitcoin nearing critical resistance levels, the possibility of higher price targets incentivizes holders to avoid premature exits, reinforcing the bullish case for 2025. Bitcoin STH Realized Price. Source: Glassnode Analyst Crypto Rover recently tweeted that Bitcoin’s bounce from the $94,000 level could “create new millionaires.” The resilience displayed at this price point, tested repeatedly over the past six weeks, highlights its importance as a key support level. This sustained bounce is driving predictions of a rise to $112,000 in the near term. Bitcoin’s ability to hold above $94,000 amidst growing buying pressure reflects strong macro momentum. Should this trend continue, BTC will shatter previous resistance levels and target higher benchmarks on its upward trajectory. Bitcoin Weekly Chart. Source: Crypto Rover BTC Price Prediction: Noting A Rise Bitcoin is currently trading at $94,060, with its next major target set at $120,000. On a macro timeframe, BTC appears to be forming a parabolic curve, suggesting sustained bullish momentum. This technical formation aligns with the broader expectations for significant growth as 2025 approaches. The weekly chart supports this outlook, showing BTC established its third base between Q2 and Q3 2024. This foundation is critical for propelling Bitcoin higher, potentially enabling it to breach its all-time high (ATH) of $108,384. A continuation of this bounce could drive Bitcoin past $120,000 in the coming months. Bitcoin Price Analysis. Source: TradingView However, risks remain. If STHs choose to sell their holdings, Bitcoin could retrace to find support at $89,586. Losing this level might result in a further decline to $72,569, effectively invalidating the current bullish outlook. Market conditions in the short term will play a crucial role in determining Bitcoin’s trajectory.
HBAR Struggles to Rally: Market Sentiment Dims Amid Bearish Trends
Hedera Hashgraph (HBAR) has struggled to maintain significant momentum, with its price action reflecting a bearish-neutral trend over the past month. Despite its potential, HBAR has faced difficulties rallying due to declining market enthusiasm. Even long-time HBAR supporters appear to be pulling back as market conditions weigh on investor sentiment. HBAR Traders Are Disappointed HBAR’s Open Interest has dropped by $95 million in just six days, highlighting a notable decline in trader activity. This significant reduction reflects traders pulling their funds out of the asset, dampening liquidity and trading volume. The prolonged consolidation period is eroding confidence, reinforcing a bearish sentiment across the HBAR market. The persistent lack of price movement has led traders to reduce exposure as expectations for short-term gains dwindle. This shift in sentiment has compounded bearish pressure, making it increasingly challenging for HBAR to build the momentum needed to stage a recovery. The asset remains stuck in a cycle of uncertainty. HBAR Open Interest. Source: Coinglass Technical indicators paint a worrying picture for HBAR’s macro momentum. The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum strengthening after a brief pause, signaling increased selling pressure. This shift indicates that the downtrend may accelerate, further limiting HBAR’s ability to break out of its current range. The bearish divergence is concerning, as it was expected to ease but has instead gained pace. This renewed momentum suggests HBAR’s price could remain under pressure unless significant bullish catalysts emerge. Without a reversal in macro trends, the altcoin may face additional headwinds in the coming months. HBAR MACD. Source: TradingView HBAR Price Prediction: Arranging A Breakout HBAR has been consolidating between $0.39 and $0.25 for over a month, struggling to break out of this tight range. With the current price at $0.27, the all-time high of $0.57 remains 109% away. To reach $0.57 and potentially set a new ATH, HBAR would require sustained bullish momentum akin to its 637% rally in November. While a rally of that magnitude is unlikely in January 2025, even moderate momentum could push HBAR higher. However, failure to breach $0.39 could extend the consolidation or lead to a decline below $0.25. In this scenario, HBAR might drop as low as $0.18. HBAR price Analysis. Source: TradingView Thus, breaking above the consolidation range of $0.25 to $0.39 is crucial for initiating an uptrend and restoring market confidence. HBAR achieving performance similar to November and posting a new ATH would depend on favorable market conditions and renewed investor interest, both of which remain uncertain for now.
Will Chainlink Price Hit ATH In 2025?
Chainlink Price has experienced a notable surge in 2024, gaining over 40%. However, recent weeks have seen a sharp downturn for Chainlink, mirroring losses across the broader cryptocurrency market, including Bitcoin. This downturn has wiped billions from the market’s value. Despite these challenges, as the year draws to a close, Chainlink’s price appears set for potential gains eyeing ATH.
Bitget Token (BGB) Price Dips 17% After Doubling This Week: Here’s Why
From beincrypto by Aaryamann Shrivastava Bitget Token (BGB) has been on an impressive rally, setting new all-time highs (ATHs) almost daily throughout the past month. However, recent indicators suggest that this bullish momentum may be cooling off, potentially leading to increased selling pressure as investors reassess their positions. Bitget Token May Face Selling The Price DAA Divergence indicator is flashing its first sell signal in four months, raising concerns about the sustainability of BGB’s rally . This signal has emerged due to a noticeable decline in investor participation, with many opting to step back and observe how the market behaves around the new year. This pullback in participation could dampen BGB’s ability to sustain its upward momentum. While investor caution is understandable after such significant gains, it also leaves the token more susceptible to short-term corrections, especially if broader market trends turn bearish. BGB Price DAA Divergence. Source: Santiment BGB’s macro momentum is being influenced by its negative correlation with Bitcoin, currently standing at -0.16. This inverse relationship means BGB’s price trajectory is moving opposite to Bitcoin’s, a trend that could be concerning if BTC’s price rises further. Historically, BGB has demonstrated strong recoveries whenever its correlation with Bitcoin improves following a low. While the negative correlation poses a short-term challenge, it also provides an opportunity for BGB to decouple and carve its path based on unique market conditions. BGB Correlation to Bitcoin. Source: TradingView BGB Price Prediction: Going Back to The ATH BGB’s price has dropped by 17% over the last 24 hours, following a 104% rally during the past week. This decline appears to be a natural cooldown after a period of rapid growth and may be accompanied by further corrections in the near term. If the drawdown continues, BGB could slip to test the $4.90 support level, erasing a significant portion of its recent gains. Such a decline might trigger heavy profit-taking among investors, further pressuring the token’s price. BGB Price Analysis. Source: TradingView However, a strong recovery supported by bullish broader market cues could push BGB beyond its current ATH of $8.49. Achieving a new high would invalidate the bearish thesis and signal renewed momentum for the token, solidifying its position as a standout performer in the market.
CryptoQuant analyst: TRX price could explode soon
Cryptocurrencies are seeing a minor uptick as the year comes to an end, and CryptoQuant analyst Joao Wedson says one of the altcoins showing bullish potential is TRON. TRON ( TRX ) traded at around $0.2565 on Dec. 31, up by about 2.7%. Tron’s gains mirrored the broader top 10 coins, with Bitcoin, Ethereum, and XRP all in the green. TRX has gained significantly over the past few months, with its price currently up by 140% over the past year. Wedson points to a confluence of key metrics suggesting TRON is poised for new momentum. Wedson shared this outlook in a TRX price analysis piece published on Dec. 31. He also posted the chart below on X. https://twitter.com/joao_wedson/status/1874105878150078778 According to the analyst, this technical picture is down to the Price Drawdown from ATH and technical support indicators. Price Drawdown measures the coin’s decline relative to its all-time high. The variation shows TRX has held above an important trendline that dates back to 2019. Along with respecting this trendline, TRON’s price has bounced off it. The key trendline has therefore acted as robust support during accumulation periods and as an upward catalyst in recovery. “This consistency demonstrates that TRX exhibits a well-structured technical behavior, making it attractive for both traders and long-term investors,” Wedson noted. A look at TRX price over the past two years shows a descending trendline for the Price Drawdown from ATH indicator. Overall, it suggests bulls have increasingly clipped the level of bearish pain, with drawdowns now generally “less severe.” With current price levels, TRX hovers near the suggested trendline support. It’s an area that may offer bulls a fresh strategic entry point. The altcoin reached its all-time high of $0.4407 on Dec. 4, signaling a 40% drawdown.
Will Ethereum (ETH) Experience a Major Rally in 2025? Analysts Are Split! Here's Why…
While 2024 was a year of tremendous increases for Bitcoin (BTC), the same was not true for Ethereum. While ETH showed a duller performance compared to Bitcoin, analysts predict that Ethereum will explode in 2025. However, there is still no consensus among analysts. At this point, CK Zheng, Chief Investment Officer of crypto hedge fund ZX Squared Capital, stated that if history repeats itself, Ethereum could experience a major rally in the first quarter of 2025. According to the analyst, the first quarters of the new year, which came after the US elections and the Bitcoin halving cycle, were the quarters in which Ethereum performed best. The analyst cited 2027 and 2021 as examples, noting that Ethereum increased by 518% and 161% in the first quarters of 2017 and 2021, respectively. “We expect the new Trump administration to issue more crypto-friendly rules and regulations to further stimulate the digital asset class overall, and ETF inflows to increase significantly in 2025. At this point, we predict Ethereum will experience a big rally.” A Rally May Not Come for Ethereum (ETH)! However, 10x Research founder Markus Thielen offers a more cautious outlook on Ethereum, predicting that ETH will underperform amid a hawkish macroeconomic environment and declining liquidity. Drawing a bearish scenario for ETH, Thielen said he expects it to continue to underperform and fail to break a new ATH in 2025 amid a hawkish macro environment. “We foresee a more conservative outlook for 2025. At the start of Ethereum 2025, the hawkish policy may be tested by decreasing liquidity, unlike in previous years. “Following the December Fed meeting, the federal funds rate could stand near 3.9% in 2025, rather than the expected 3.4%, which could lead to a less favorable macro environment for risk assets like Bitcoin and Ether.” *This is not investment advice.
Why Is the Crypto Market Down Today?
From beincrypto by Aaryamann Shrivastava The total crypto market cap (TOTAL) and Bitcoin (BTC) are facing slight bearishness on the daily chart. However, the situation is worse for altcoins as broader market cues are weighing down on the likes of Bitget Token (BGB). The Crypto Market Is Moving Sideways The total crypto market cap has dropped by $50 billion in the past 24 hours, reflecting ongoing market uncertainty. Mixed signals from macroeconomic factors continue to weigh heavily on TOTAL’s price trajectory, adding to the hesitation among investors. Currently stuck under the $3.28 trillion resistance, TOTAL remains vulnerable. Prolonged uncertainty could push the market cap toward the critical support level of $3.10 trillion, deepening the losses from recent market corrections. If TOTAL manages to flip $3.28 trillion into support, it could reclaim upward momentum. This move could drive the market cap toward $3.49 trillion, recovering much of the losses seen in the current downtrend. Bitcoin Is Holding Key Support Level Bitcoin is trading at $93,753, holding above the critical support of $93,625. The cryptocurrency aims to breach the resistance of $95,668 and flip it into support, which would be crucial for initiating a short-term recovery. However, if broader market conditions remain bearish, Bitcoin risks falling through the $93,625 support. Such a decline could push BTC toward $89,800, erasing recent gains and extending the downward pressure on the crypto king. Bitcoin Price Analysis. Source: TradingView Conversely, reclaiming $95,668 as support could pave the way for Bitcoin to target $100,000. Achieving this milestone would invalidate the bearish outlook and restore bullish momentum. Bitget Token Is Falling Quickly BGB price has dropped by 12% over the past 24 hours, currently trading at $6.51. This slide takes the altcoin further away from its all-time high (ATH) of $8.49, raising concerns about its immediate recovery prospects. The recent decline positioned BGB as the worst-performing asset of the day. With its price nearing the $4.90 support level, a further drop could erase a significant portion of the 104% rally it achieved recently. Maintaining this support is critical to avoiding further losses. BGB Price Analysis. Source: TradingView If broader market cues shift bullish, BGB could reverse its decline, potentially breaching its ATH of $8.49. Achieving this milestone would invalidate the bearish outlook and pave the way for new highs, restoring investor confidence in the altcoin’s upward trajectory.
Trump’s Pro-Crypto Regime To Push Ethereum To New ATH In 2025?
Crypto influencer believes Donald Trump’s victory can push Ethereum to new all-time highs in Q ‘1 2025. The upcoming pro-crypto administration prompted ETH to top $4k earlier this month. Layer 2 developments and potential ETF coins are also expected to help ETH rally next year. Donald Trump’s victory in the 2024 U.S. Presidential election brought optimism to the crypto community, with stakeholders anticipating a pro-crypto administration in the coming years. Trump, who has actively participated in several crypto initiatives, has publicly expressed his support for the industry on numerous occasions. Crypto Influencer’s Take on ETH in 2025 Eugene Ng Ah Sio, a crypto influencer with a considerable following on X, recently took to the social media platform to outline his Ethereum predictions for next year. According to Eugene, Trump’s crypto-friendly stance and the growth of Ethereum’s Layer 2 networks could push ETH to a new all-time high in early 2025. ” We now enter 2025 with prices materially higher than where they were not too long ago, but with a hope for a new pro-crypto world as the US leads the charge to develop crypto-friendly policy and regulation.” It is interesting to note that following Trump’s victory in early December, several major cryptocurrencies set off on a bull run, with BTC reaching a new all-time high and ETH crossing the $4k mark after over two years. ETH Gains Expected in Q1 2025 As per Eugene, among the major cryptocurrencies in the market, ETH will be the one to benefit the most in Q1 2025. This bullish prediction hinges on three things: technicals, L2 growth, and the Trump effect . Looking at price fractals the crypto influencer explained that while BTC bested its previous ATH by 40%, ETH had not managed to top its previous ATH of $4,891. Source:CoinMarketCap This underperformance presents an opportunity for ETH, especially as Ethereum ETFs are expected to support its price growth. As far as the Donald Trump effect is concerned, Ethereum has emerged as the top choice, beating rivals like Solana. Trump’s World Financial Liberty (WLFI) crypto project has also been investing in ETH. Layer 2 Base’ Role in ETH’s Rise Base, the Ethereum layer 2 chain affiliated with crypto giant Coinbase, has been arguably the most promising and exciting chain over the past year. Eugene added that Coinbase’s native distribution channels and AI agents developed by the Virtuals Protocol have put Base in the same league as Solana. Base’s potential growth is expected to increase activities in its ecosystem, which will not only provide positive flows for Ethereum but also create natural demand for ETH, which serves as its base asset. Adding to the prediction, Eugene noted that such developments can push ETH to a new all-time high in the first three months of 2025. 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.
VIRTUAL Plunges 7% After Reaching a New ATH of $3.71
VIRTUAL is currently trading at $3.45, with a market cap of $3.46 billion. The 24-hour trading volume stands at $320.64 million, reflecting a slight decline. Virtuals Protocol (VIRTUAL) reached a new all-time high of $3.71 before retreating 6.25%. The token is currently trading at $3.45 with a market cap of $3.46 billion, marking a 6.35% drop over the past 24 hours. The 24-hour trading volume is $320.64 million, reflecting a slight decline of 1.48%. With a fully diluted valuation (FDV) matching its market cap, VIRTUAL has a circulating supply of 1 billion tokens, equating to its total and maximum supply. The market cap ratio stands at 9.3%, indicating strong liquidity. Key Levels and Market Indicators On the daily chart, VIRTUAL faces resistance at $3.72 and finds support near $3.18. If the price surpasses $3.72, it could test $4.00. Conversely, a breakdown below $3.18 may push the token towards $2.74. The Relative Strength Index (RSI) is at 66.24, signaling a bullish momentum. However, the RSI average at 65.87 suggests the trend could consolidate soon. Moving averages (MA) indicate a positive trajectory, with the 9-day MA at $3.18 and the 21-day MA at $2.74. The crossover of the 9-day MA above the 21-day MA reinforces the bullish sentiment. The moving average crossover signals potential upside if bullish momentum sustains. Breaking above resistance at $3.72 could lead to price discovery above $4.00. A failure to maintain support at $3.18, however, may shift sentiment toward bearish territory. The technical indicators show strong market activity, supported by consistent trading volumes. RSI near the overbought zone suggests buyers dominate, but profit-taking could induce short-term corrections. Highlighted Crypto News Today Bitcoin (BTC) Slides to $93K Amid Strong Selling Pressure
VERUM hits new all-time high amid 70% spike
VERUM price jumped more than 70% to hit a new all-time high above $3,163. The cryptocurrency’s value has increased amid key wallet integrations. Verum Coin (VERUM) outperformed the top 500 cryptocurrencies by market cap in the past 24 hours as its price jumped 70% to hit a new all-time high. The altcoin ’s price rose as the broader market experienced a slow Christmas week, with Bitcoin remaining ranged below $95k and Ethereum, XRP and Solana all retesting key levels. Gains push VERUM price to new high On Dec. 29, VERUM price hit a new all-time high above $3,163 – a new ATH that meant the token’s value traded at levels over 2,200% higher than its all-time low of $131 reached in June 2024. Verum Coin had initially plummeted from highs above $2,200 early this month and stagnated around $1,150 over the past week as BTC retraced further after paring gains from the parabolic surge to above $108k. With the latest moves, VERUM has surged more than 179% in the past week. The current price is $1,723% up over the coin’s value at the same time in the past year. Why is Verum Coin price up? Verum Coin has gained amid two major wallet support integrations – likely fueling the upside momentum. The cryptocurrency revealed Binance Wallet had added support for the token in late November. The Halo Wallet also added Verum Coin (VERUM) this month, with users getting another option to securely store and manage their coins as they explore the crypto space. Within the Verum Coin ecosystem, the native token serves various purposes. This includes payments for premium features, tips, private transactions, and in-game purchases. Users also benefit from rewards, with players of the Verum Runner game able to earn V coins and convert them to VERUM and fiat currency. The coin has a market cap of over $292 million and has recorded a daily trading volume of over $224k in the past 24 hours.
Giant Cryptocurrency Whale Gave Up: He Sold Massive Amount of This Altcoin He Bought Before The Crash
According to Onchain data, a crypto whale appears to have sold the altcoin he recently purchased at a loss in his latest transactions. According to the data, the crypto whale in question recently transferred $5.37 million worth of Chainlink (LINK) to Binance and OKX. This whale withdrew 595,000 LINK worth $17.31 million via cryptocurrency exchange Binance between Dec. 14 and Dec. 18. The average purchase price was $29.1, the data shows. With the recent declines, the giant crypto whale has lost $4.5 million from the LINK token at the time of writing. The current price of the LINK token is at $21.52. Related News Anticipated Development in Bitcoin Happened: Now Looking Ahead to Elon Musk's Potential Announcement However, LINK reached its all-time high in 2021, when it reached a high of $52.88. It is currently trading 59% lower than its ATH price level. Due to the token unlocks that have occurred since the ATH price level, the total market value of LINK in the current bull market has approached the record value of $20.60 billion with $18.19 billion. *This is not investment advice.
Bitget Token (BGB) Price Dips 17% After Doubling This Week: Here’s Why
Bitget Token (BGB) has been on an impressive rally, setting new all-time highs (ATHs) almost daily throughout the past month. However, recent indicators suggest that this bullish momentum may be cooling off, potentially leading to increased selling pressure as investors reassess their positions. Bitget Token May Face Selling The Price DAA Divergence indicator is flashing its first sell signal in four months, raising concerns about the sustainability of BGB’s rally. This signal has emerged due to a noticeable decline in investor participation, with many opting to step back and observe how the market behaves around the new year. This pullback in participation could dampen BGB’s ability to sustain its upward momentum. While investor caution is understandable after such significant gains, it also leaves the token more susceptible to short-term corrections, especially if broader market trends turn bearish. BGB Price DAA Divergence. Source: Santiment BGB’s macro momentum is being influenced by its negative correlation with Bitcoin, currently standing at -0.16. This inverse relationship means BGB’s price trajectory is moving opposite to Bitcoin’s, a trend that could be concerning if BTC’s price rises further. Historically, BGB has demonstrated strong recoveries whenever its correlation with Bitcoin improves following a low. While the negative correlation poses a short-term challenge, it also provides an opportunity for BGB to decouple and carve its path based on unique market conditions. BGB Correlation to Bitcoin. Source: TradingView BGB Price Prediction: Going Back to The ATH BGB’s price has dropped by 17% over the last 24 hours, following a 104% rally during the past week. This decline appears to be a natural cooldown after a period of rapid growth and may be accompanied by further corrections in the near term. If the drawdown continues, BGB could slip to test the $4.90 support level, erasing a significant portion of its recent gains. Such a decline might trigger heavy profit-taking among investors, further pressuring the token’s price. BGB Price Analysis. Source: TradingView However, a strong recovery supported by bullish broader market cues could push BGB beyond its current ATH of $8.49. Achieving a new high would invalidate the bearish thesis and signal renewed momentum for the token, solidifying its position as a standout performer in the market.
Virtuals Protocol (VIRTUAL) Soars in 2024: Can It Sustain Momentum in 2025?
Virtuals Protocol (VIRTUAL), a leading token in the decentralized AI-driven ecosystem, made headlines in 2024 with its meteoric rise, fueled by artificial intelligence hype and growing adoption. As it approaches critical resistance levels, the question on every investor’s mind is: Can VIRTUAL maintain its upward trajectory in 2025 amidst potential risks and opportunities? By TradingView - VIRTUALUSD_2024-12-28 (YTD) Virtuals Protocol in 2024: A Meteoric Rise In 2024, Virtuals Protocol's price skyrocketed over 23,000%, making it the best-performing altcoin of the year. Starting from a year-to-date low of $0.02234 in August, it soared to $3.4 by December 27. This remarkable rally was driven by the increasing interest in AI agents, software tools powered by artificial intelligence that perform tasks for users. By TradingView - All Cryptocurrencies Performance 2024-12-28 Virtuals Protocol has positioned itself as the crypto industry’s largest decentralized AI agent network, enabling users to create AI personas for virtual environments like metaverses and games. Its leading AI agents, such as G.A.M.E. and Prefrontal Cortex Convo Agent, boast multi-million-dollar market caps, further cementing its reputation in the AI space. Virtuals Protocol Current Performance: Resistance Levels and Momentum Indicators As of late December, VIRTUAL is trading at $3.27, nearing a critical resistance zone between $3.21 and $3.32. Historically, a breakout above this level has triggered significant rallies, with December 12 marking a 65% surge to an all-time high (ATH) of $3.32. By TradingView - VIRTUALUSD_2024-12-28 (1M) Technical indicators highlight bullish momentum: MACD (Moving Average Convergence Divergence): The MACD line crossing above the signal line indicates growing buying pressure. RSI (Relative Strength Index): At 61.90, the RSI suggests the token is not yet overbought, leaving room for further upward movement. By TradingView - All Cryptocurrencies Overview If VIRTUAL breaks past $3.32 and sustains a retest, it could target psychological milestones at $4 and $5, representing a 50% upside from current levels. Virtuals Protocol Opportunities in 2025: What’s Driving Growth? VIRTUAL’s growth in 2025 will likely hinge on key factors: Expansion of AI Agents: Increased adoption of decentralized AI agents could attract more investors to the Virtuals Protocol ecosystem. Exchange Listings: Currently traded on platforms like Bybit, Bitget, and Gate, a potential listing on top-tier exchanges like Binance or Coinbase could significantly boost trading volume and visibility. The token’s trajectory mirrors major AI-focused companies like NVIDIA, Palantir, and Broadcom, all of which have thrived by offering cutting-edge AI solutions. Virtuals Protocol Risks Ahead: Is the AI Hype Sustainable? Despite its impressive growth, VIRTUAL faces notable risks in 2025: Overvaluation Concerns: As the AI industry matures, there are fears that assets tied to the sector, including VIRTUAL, may face corrections if hype diminishes. Technical Reversion: The token currently trades 90% above its 50-day moving average, making it vulnerable to mean reversion—a market tendency to return to historical averages. Wyckoff Method Stages: Following its accumulation and mark-up phases, VIRTUAL could enter the distribution phase, leading to a potential markdown that might push the price down to $2. By TradingView - VIRTUALUSD_2024-12-28 (1D) VIRTUAL’s performance in 2024 has set a high bar, but the path forward in 2025 is fraught with challenges. While the token’s utility in AI-driven ecosystems and potential for broader adoption present exciting opportunities, investors must remain cautious of overvaluation risks and technical corrections. Monitoring key resistance levels and market sentiment will be crucial for those looking to capitalize on VIRTUAL’s momentum.
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