After bottoming out earlier in the week, PENGU continued its recovery on Jan. 23 with a sharp rally, fueled by community anticipation of the Abstract mainnet launch and related speculation. The Pudgy Penguins ( PENGU ) token rose 8.7% to an intraday high of $0.0264 on Jan. 23, making it one of the top performers among the largest 100 cryptocurrencies by market cap per CoinGecko. With a market cap that surpassed $1.6 billion, the meme coin witnessed a 20% jump in daily trading volume, hovering over $411 million. PENGU’s recent rally came despite the broader NFT token market falling 3.8% over the past day, with popular projects such as Floki ( FLOKI ) and Apecoin ( APR ) witnessing steep losses of 16.2% and 10.9% over the past week. The key driver that helped PENGU buck the broader trend was growing anticipation holders regarding the launch of Abstract, an Ethereum layer-2 network developed by Igloo Inc., the parent company behind both PENGU and the Pugy Penguins NFT collection. Pudgy Penguins is expected to launch on Abstract alongside other projects, and there are rumours that PENGU holders will be eligible for an airdrop of the layer 2 network’s native token during its token generation event. You might also like: NFT sales enjoy modest bump to $164.3m, Azuki dethrones Pudgy Penguins with 268% surge While these rumors have not been officially confirmed, Abstract has announced a January mainnet launch without specifying a date, leaving only a few days for the launch to materialize as the month approaches its end. The surge in PENGU’s price implies that investors are positioning themselves early, anticipating potential benefits from the upcoming network launch. Another factor potentially adding fuel to the rally could be the jump in its non-fungible token sales . According to CryptoSlam data , Pudgy Penguin sales rose by almost 80% on Jan. 23, making it the sixth best-performing NFT collection. Its daily transactions jumped by 100% to 16. PENGU technical analysis Although the current momentum is pushing PENGU higher, technical indicators suggest that a potential price correction may be on the horizon. PENGU price, Bollinger Bands and Chaikin Money Flow chart — Jan. 23 | Source: crypto.news On the 1-day PENGU/USDT price chart, the meme coin’s price was close to the lower Bollinger Band, which means that bears were in control and could lead to further losses if selling pressure builds up. Combined with the Relative Strength Index at 41, which also signals a bearish momentum but not yet an oversold condition, the market may experience additional downward pressure unless buying interest picks up to counteract the trend. PENGU Supertrend and RSI chart — Jan. 23 | Source: crypto.news The Supertrend line stood above the asset’s price, while the Chaikin Money Flow, with a negative reading, indicated buying pressure was waning. Based on these indicators, PENGU could soon face a pullback, potentially retracing to its local support at $0.022. A drop below this level could push it further toward its psychological support at $0.020. However, one potential catalyst that could invalidate this scenario is ongoing speculation that President Donald Trump could soon end capital gains tax on crypto profits for U.S.-based cryptocurrencies. Projects developed by U.S. companies like Igloo Inc. could see significant upside if such rules are enforced. Read more: Pengu price rockets as Pudgy Penguins NFTs sales hit $545m
The post Top US Altcoins to Watch During Market Volatility: XRP, Solana, Cardano Shine Ahead of Trump’s Comeback appeared first on Coinpedia Fintech News Amid turbulent times in the cryptocurrency market, several major alternative coins are capturing attention. Digital assets like XRP, Solana, and Cardano are standing out as they experience significant movements. With potential political shifts on the horizon, these tokens may hold key positions. What is driving their rise, and how might upcoming events impact their future? XYZVerse: The Best New Meme Project You Can’t Afford to Bench! XYZ is your exclusive VIP pass to a sports-driven, meme-fueled revolution. Think of it as the MVP of the XYZVerse ecosystem, where degens can score big off the growing demand for meme coins Picture this: Polymarket hitting $1 billion in trading volume during the US presidential election – now throw in the hype of meme coins and the thrill of sports betting. With millions of sports fans ready to hit the field and cash in the XYZVerse ecosystem is set to keep expanding – and your rewards will slam dunk through the roof! And here’s a highlight reel moment : XYZVerse has been officially recognized as the Best NEW Meme Project – a title that underscores its explosive potential in the meme coin arena. >>>XYZ presale is your first-quarter chance to get in before the mind-blowing explosion! Meme coins are the undisputed champions of the crypto world, and XYZ is set to crush the competition. With potential thousand-fold returns that will blow past the finish line, the presale plan draws a hefty 7,900% growth by the TGE. Forget about BOME’s 5,000% rise or WIF’s 1,000% rally – XYZ is here to outscore them all! With upcoming listings on major CEX and DEX platforms, rock-solid defense in the form of audited smart contracts, and a fully vetted team, XYZ is already ahead of the game. The first-mover advantage is key here – get in before the crowd storms the field, and you’ll be sitting on way bigger returns! >>Don’t be left on the bench – grab your XYZ tokens now and be part of the next massive crypto championship! XRP Eyes Next Resistance Level Amid Market Growth XRP is currently trading between $2.39 and $3.46, showing significant activity in the market. Over the past month, it has seen a price increase of over 40%, and an impressive gain of more than 400% over the last six months. The Simple Moving Averages for 10 and 100 days are closely aligned at around $3.17, indicating a stable trend. The Relative Strength Index is just below 50, suggesting a neutral market sentiment, while the Stochastic indicator is near the oversold territory at approximately 22. These signals imply that the bears may be losing momentum, potentially paving the way for the bulls to take over. Looking ahead, XRP is approaching its nearest resistance level at $3.97. If it manages to break through this point, the next target would be the second resistance level at $5.03. Surpassing this level could represent a substantial percentage increase from current prices. Given the recent positive price changes and the technical indicators, XRP has the potential to continue its upward trajectory. However, if the price falls, the nearest support level is at $1.83, providing a safety net before the second support at $0.757. Overall, XRP’s price movement suggests that it might be poised for further growth in the coming period. Solana’s Price Rises with Bullish Momentum Ahead of Altcoin Season Solana (SOL) has seen its price rise recently, moving within a range of $182.53 to $308.44. Over the past week, the price increased by 35.68%, and over the past month, it’s up by 41.10%. These gains suggest that bulls are gaining strength in the market. Technical indicators support this bullish momentum. The Relative Strength Index (RSI) is at 56.03, indicating positive market sentiment. The Moving Average Convergence Divergence (MACD) level is 2.935, pointing to upward momentum. If this trend continues, Solana could test the nearest resistance level at $364.82. Reaching this level would represent a potential increase of about 43% from the current price. If momentum carries the price to the second resistance level at $490, that would be an increase of approximately 92%. These levels could be reached if bulls maintain control. Cardano (ADA) Sees Stable Trading with Potential for Price Growth Cardano (ADA) is trading between $0.86 and $1.15. Over the past month, the price increased by 11.45%, though it declined by 1.50% in the last week. Indicators suggest the coin is close to oversold conditions, which might lead to a price rebound. If the price rises above the resistance level at $1.30, it could reach the next resistance at $1.59, which is about a 59% increase from the current price. Support levels are at $0.72 and $0.43. The average prices over the past 10 and 100 days are close to the current price, indicating stability. Breaking above resistance levels may lead to higher prices. Chainlink (LINK) Price Analysis and Potential Growth Levels Chainlink (LINK) is trading between $19.23 and $28.02. In the past week, it gained 25.67%, and over the past month, it rose 15.99%. Over six months, the price increased by 97.88%. The current price is near the resistance level at $31.74, with support at $14.16. The 10-day Simple Moving Average (SMA) is $26.28, and the 100-day SMA is $24.90. Technical indicators show a Relative Strength Index (RSI) of 45.24, indicating a neutral market. The MACD level is 0.1368, suggesting slight upward momentum. If LINK surpasses the resistance at $31.74, it may reach the next resistance at $40.52, which is about 62% above the current price. Traders are monitoring these levels amid expectations of an upcoming altcoin season and a global crypto bull run. Conclusion Though XRP, SOL, ADA, and LINK are promising, XYZVerse (XYZ) uniquely blends sports and memes, aiming for massive growth and active community participation during this bull market. You can find more information about XYZVerse (XYZ) here: Site , Telegram , X
Goldman Sachs CEO David Solomon has said that Bitcoin (BTC) is not a threat to the U.S. dollar — as it is a speculative asset. However, Goldman Sachs cannot embrace Bitcoin at the moment due to regulatory constraints, Solomon quipped. BTC Doesn’t Threaten US Dollar Speaking during a Wednesday interview with CNBC’s Squawk Box , Goldman’s boss, David Solomon, said Bitcoin is not in competition with the United States dolla r. “I don’t see Bitcoin as a threat to the US dollar,” Solomon opined. “At the end of the day, I’m a big believer in the U.S. dollar… [and] Bitcoin is a speculative asset, an interesting speculative asset, I don’t think there’s a lot more to ask about this, though.” Solomon’s statements come at a time when the crypto community is keen to see whether President Donald Trump will fulfill his promise to create a national Bitcoin reserve, a key pledge during his re-election campaign. When asked whether Goldman Sachs’ approach towards cryptocurrency will change under the new Trump regime, Solomon noted that the banking institution has already been leveraging Bitcoin’s underlying technology, blockchain, to reduce friction within financial systems. “Well, first, you know, we’ve had this conversation a number of times. The underlying technology is something we’ve spent a lot of time on. It’s something that we’re utilizing and testing to create less friction in the financial system. Super important,” the banker posited. However, Goldman Sachs still can’t get involved with Bitcoin from a regulatory perspective. “At the moment, from the regulatory perspective, we can’t own, we can’t principle, we can’t be involved with Bitcoin,” Solomon said, suggesting possible changes if the regulatory structure evolves. Solomon echoed a similar sentiment last month, indicating that Goldman Sachs’ ability to participate in spot Bitcoin and Ethereum trading is currently limited due to regulatory restrictions. However, the bank is open to assessing the opportunity to engage in market-making for these digital assets if the regulatory environment shifts. Meanwhile, Goldman Sachs was the second-biggest holder of BlackRock’s iShares Bitcoin Trust , according to the bank’s latest SEC filing for the quarter ending September 30. Goldman also had $79.5 million in the Fidelity Bitcoin ETF, $35.1 million in the Grayscale Bitcoin Trust, and $56.1 million in the Invesco Galaxy Bitcoin ETF.
Rollblock (RBLK) has recently seen massive inflows from Ethereum, Solana, and Shiba Inu investors who have recognized Rollblock’s vast potential to disrupt the online gambling market this year. By bringing blockchain bets to the mainstream, Rollblock promises to outperform major projects like Ethereum, Solana, and Shiba Inu and rally up to 50x over the coming months. Rollblock (RBLK) Staking Rewards Will Create An Army Of Hodlers Rollblock ( RBLK ) just passed $1 million in inflows as it races through stage nine of its promising presale token launch. Rollblock is a brand-new player in the $500 billion online gaming market and is set to shake things up with its mission to bring transparency back to this industry that is sorely in need of innovation. By inscribing all transactions securely onto the Ethereum blockchain, Rollblock can guarantee that its gamers won’t be manipulated – a common complaint among users of traditional gaming platforms. Rollblock has seen incredible growth, recording a 600% surge in new signups and more than 45,000 investors registered for its presale. More than 7,000 games are currently available on the site, plus a brand-new sports betting league that has added yet another valuable revenue stream. All these immersive gaming experiences are powered by RBLK – the native token of Rollblock. RBLK can be staked for huge APY, meaning that holders will be incentivized to stay away from the sell button. Each week, the platform will take up to 30% of its operating profits to buy up RBLK, burning 60% of these to create a deflationary spiral that will make RBLK scarcer. The remaining 40% is returned as staking rewards allowing investors to build a passive income. Ethereum (ETH) Up 4% As Foundation Announces DeFi Initiative Ethereum has finally started to move, rallying by 4.3% this week to reach $3.33K. This follows a period of relative stability for Ethereum, which has actually seen it underperform the wider crypto recovery. Recently, the Ethereum Foundation launched a new initiative, moving 50,000 Ethereum tokens to various DeFi platforms. This will provide a consistent yield for the Ethereum ecosystem and has come about after much criticism over the Ethereum Foundation’s regular sales of Ethereum in recent years. Without this selling pressure, Ethereum could break $4K in the coming weeks. Solana (SOL) Soars Amid Trump Token Mania Solana has had an incredible week of price action, adding 35% to its token price to trade at $252 at the time of writing. Solana recently broke a new all-time high as it shot up to $295 during the Trump token launch. Solana recently topped Coinbase’s list of the most purchased cryptocurrencies, with an alleged 161,000 buyers stepping up to buy Solana in just 24 hours. The Solana chain was recently responsible for over 75% of all transactions across all blockchains – a remarkable feat. If Solana can continue its dominance, then a four-figure price tag is inevitable. Shiba Inu (SHIB) Holders Pinning Their Hopes On TREAT Shiba Inu has put in a red candle this week, declining by 1.7% to reach $0.000021. The price of Shiba Inu has been relatively flat throughout January and Shiba Inu holders are likely watching the rest of the market pump and wondering if this meme token has any more juice in the tank. The SHIB team recently announced a generous airdrop to the Shiba Inu community to launch the TREAT token. This went live across major exchanges this week and rewards users of the Shiba Inu chain for interacting and trading. Holders of Shiba Inu will hope that this will invigorate the ecosystem and propel it back into the crypto top 10 before long. Rollblock Will Outrun These Large Caps In 2025 Rollblock (RBLK) is seeing unprecedented demand for its presale tokens at just $0.046. Holders of Ethereum, Solana, and Shiba Inu have already begun the rotation into Rollblock, and this will only accelerate as the market wakes up to Rollblock’s huge potential for growth in 2025. With momentum snowballing, experts anticipate a massive 800% presale rally followed by a huge surge once Rollblock hits major exchanges. Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today! Website: https://presale.rollblock.io/ Socials: https://linktr.ee/rollblockcasino
Ethereum’s dominance in fee earnings remained unchallenged in 2024, with a total of almost $2.5 billion, more than double that of TRON. As blockchain activity exploded last year, fees went through the roof, hitting $6.89 billion, according to a CoinGecko report . Ethereum ( ETH ) stayed way ahead of the pack, pulling in a massive $2.48 billion in gas fees. TRON ( TRX ) wasn’t far behind, pulling in $2.15 billion in fees, a huge leap from 2023. CoinGecko analysts point to TRON’s strong grip on the stablecoin market as the main driver, with monthly earnings steadily climbing throughout the year. On average, Ethereum made $6.79 million daily, while TRON followed with $5.89 million. CoinGecko says the study examined blockchain fees from Jan. 1, 2023 to Dec. 31, 2024, based on TokenTerminal and Artemis data, excluding blockchains with insufficient publicly available fee data. Blockchain networks ranked by fee earnings | Source: CoinGecko You might also like: What is layer-2 in crypto? What is a layer-2 blockchain? Solana ( SOL ), popular for meme coins, also saw a massive surge in fee earnings. The network’s earnings jumped by a jaw-dropping 2,838% to reach $750.65 million. Meanwhile, Bitcoin ( BTC ), with its 15.9% growth in fees, earned $922.89 million in total. CoinGecko says the surge was driven by “increased activity from Ordinal NFTs, BRC-20 and Rune tokens, as well as rapidly growing interest to build on Bitcoin.” In the layer-2 space, Coinbase’s network Base led the charge, earning $84.78 million in fees in 2024, marking a 548.2% increase from the previous year. While Ethereum still dominates fee earnings, other layer-2s like Arbitrum, Linea, and Optimism are making their mark with $44.10 million, $39.20 million, and $37.97 million, respectively. CoinGecko says that fluctuations in layer-2 fee earnings “for now seem to mainly reflect on-chain activity driven by token airdrop and incentive marketing programs,” adding that “it remains to be seen how much fees layer-2 chains can earn in the long term.” Read more: How layer 1 blockchains are leading the 2024 bull run – and who’s winning
UPBIT LISTING: ANIME Trading Support Announced (KRW, BTC, USDT Markets) ————— 💰Coin: BTC ( $BTC ) $101,952.90 ————— NFA.
Leaders at Davos expressed optimism about Bitcoin's potential for growth. Positive remarks came from prominent figures in the cryptocurrency industry. Continue Reading: Leaders Ignite Optimism for Bitcoin’s Potential at Davos Meeting The post Leaders Ignite Optimism for Bitcoin’s Potential at Davos Meeting appeared first on COINTURK NEWS .
The post Justin Sun’s TRON to Introduce Zero-Fee Stablecoin Transactions appeared first on Coinpedia Fintech News Justin Sun, the founder of TRON, has shared exciting news for TRON users. The development teams are working on a new feature that will allow stablecoin transactions without any fees. This plan aims to make stablecoin transfers faster and more affordable, offering a better experience for users. By removing transaction fees, TRON hopes to attract more people to its network and strengthen its position in the competitive blockchain space. This development reflects TRON’s goal of making blockchain technology more practical for everyday use. Further updates are expected as the team continues working on this innovative feature.
Better Markets, a non-profit organization that advocates for investor protection by making the financial markets fair, secure and…
AI Mafia, an artificial intelligence ( AI ) activist platform, has announced the launch of a new AI activist agent on the 0G blockchain , as reported to Finbold on January 23. With the launch, AI Mafia seeks to promote networking and raise awareness in regard to some critical blockchain issues. The #PolitiFAI movement Looking forward, one of AI Mafia’s chief goals is to lead the #PolitiFAI movement, an initiative that blends politics, AI, and decentralized finance ( DeFi ) to promote more mainstream uses of AI. As part of the initiative and its broader mission to promote AI as a public good, AI Mafia now focuses on educating and reshaping the socio-political landscape, bringing it more in line with the philosophies propagated by Peter Thiel, Elon Musk , and Andrew Yang. Ultimately, the platform seeks to challenge the growing power of centralized AI monopolies like OpenAI , which are often characterized by a lack of transparency, as noted in the AI Mafia manifesto : “Join us or get left behind in the dustbin of history. The future belongs to those who dare to seize it — and we’re here to make sure it’s ours for the taking.” As an alternative, AI Mafia proposes a trustless system built on 0G’s Layer-1 ( L1 ) blockchain, which prioritizes open systems, collaboration, and accountability. AI activism With the launch of 0G’s blockchain, AI Mafia opens a window of opportunities for political, autonomous, and scalable AI agents that can help educate their audience and reshape the industry more efficiently. Naturally, the launch also underscores the growing need for more verifiable systems to ensure accountability and prevent misuse. As AI continues to shape society at all levels, from policymaking to defense, AI Mafia thus emphasizes its commitment to an open-source revolution powered by AI networks, The post AI Mafia launches world’s first blockchain-based AI activist agent appeared first on Finbold .