Ethereum price has recoiled in the past few weeks despite having some positive exchange-traded funds and staking inflows. Ethereum (ETH) was trading at $3,400 on Dec. 29, down by over 17.2% from its highest level this month. This retreat occurred as…
Ethereum price has recoiled in the past few weeks despite having some positive exchange-traded funds and staking inflows. Ethereum ( ETH ) was trading at $3,400 on Dec. 29, down by over 17.2% from its highest level this month. This retreat occurred as Ethereum continued to see strong fundamentals. Data by SoSoValue shows that the daily inflows jumped by $47.7 million on Friday. The funds have had inflows in the last four consecutive days with two days of outflows over the last 25 days. The cumulative net inflows of these ETFs has moved to over $2.68 billion, bringing the total net assets to over $12.1 billion. The BlackRock Ethereum ETF has had the most inflows, which brought its total assets to $3.58 billion. Grayscale, Fidelity, and Bitwise also offer ETH funds. You might also like: Spot Ethereum ETFs break a key record: can ETH price hit $5k? Meanwhile, data by IntoTheBlock shows that more investors are staking Ethereum. The cumulative ETH sent to staking rose to 55.18 million ETH. The staking market cap has risen to $114.95 billion, with the average reward rate being 3.06%. ETH staking volume | Source: IntoTheBlock Staking is a process where Ethereum holders delegate their tokens to secure the network. They are in turn paid using its fees, which have been in a slow uptrend in the past few years. According to TokenTerminal , Ethereum generated over $2.4 billion in 2024, making it the second most profitable network in the industry after Tether. Some analysts are optimistic that Ethereum price could bounce back in the near term. In an X post, TMV , a highly followed pundit, predicted that the coin would rebound after completing the fourth section of the Elliot wave, a unique pattern that identifies five stages that assets go through. The fourth wave is usually bearish, while the fifth tends to be bullish. Ethereum price analysis ETH price chart | Source: crypto.news The daily chart shows that ETH price has retreated after finding substantial resistance at $4,000, the extreme overshoot of the Murrey Math Lines. The coin has moved slightly below the strong pivot reverse point at $3,437. It has also remained above the 100-day moving average, while the accumulation/distribution indicator has risen — a sign that investors are buying. Therefore, technicals, including the Elliot Wave pattern, could bounce back in the coming weeks. If this happens, the next target will be $3,750, the ultimate resistance point of the Murrey Math Lines. Read more: Bitcoin sits at key price ahead of a potential ‘January effect’
Cardano (ADA) has been making headlines recently, facing a significant price correction from its peak, reflecting the volatile nature of cryptocurrency markets. The sharp decline in ADA’s price, plummeting from
Shiba Inu’s (SHIB) impressive surge to $0.000033 earlier this month has been eclipsed by a sharp price correction over the past week. At press time on Friday, SHIB was trading at $0.00002191, reflecting a 2% drop in the last week and nearly 20% over the past seven days. A broader cryptocurrency market downturn and substantial sell-offs by SHIB whales largely drive this decline. On Thursday, the blockchain analytics platform Spot Onchain revealed that a prominent SHIB whale made a massive deposit of 399.99 billion SHIB tokens valued at $9.69 million to Gemini. This whale, who initially purchased 15.2 trillion SHIB for just 10 ETH in 2020, has now reaped an estimated profit of $107.7 million, retaining 2 trillion SHIB tokens worth approximately $48.54 million. Notably, last month, the same whale offloaded 100 billion SHIB tokens valued at $2.81 million after eight months of inactivity. Adding to the selloff pressure, Lookonchain, another analytics firm, reported a separate whale that sold 250 billion SHIB ($6.05 million) this week, bringing its total profits to $109 million. Notably, such significant sell-offs have contributed to SHIB’s price downturn, though analysts suggest whales may be preparing for re-entry at a lower price point, anticipating key support levels. A prominent SHIB community analyst, Oscar Ramos, addressed the recent sell-offs in a YouTube video, describing the market conditions as a “bloodbath.” However, Ramos encouraged long-term holders to remain steadfast. “Whales love to cash out on SHIB profits, but this is when dollar-cost averaging comes into play,” Ramos said . “Selling at a loss due to fear does more harm than good. Historically, these corrections are often followed by significant rebounds.” While Ramos acknowledged the short-term volatility, he emphasized the need for patience. “SHIB is building its ecosystem with strategic partnerships. This is not the time to panic but to look at the bigger picture,” he added. And true to Ramo’ assurances, the SHIB community has something to celebrate Amidst the sell-offs. On Thursday, Shytoshi Kusama , the lead developer for Shiba Inu, announced a groundbreaking partnership with Chainlink. The collaboration introduces cross-chain interoperability to the Shiba Inu ecosystem through Chainlink’s Cross-Chain Token (CCT) standard, making SHIB assets available on 12 blockchains. “This is HUGE news for the SHIBARMY and SHIB, BONE, AND LEASH. Expect much more from this partnershib” Kusama tweeted . The partnership also introduces the integration of Chainlink Data Streams, aimed at improving market data accuracy and enabling advanced decentralized finance (DeFi) applications. This feature has the potential to significantly enhance SHIB’s appeal to both institutional and retail investors. Meanwhile, as SHIB consolidates around its current price, whale activity indicates a potential strategic re-entry at critical levels, particularly the $0.000020 multiyear support zone.
The Rise of Crypto Scams in France The cryptocurrency market is a high-reward, high-risk investment avenue-a fact well exploited by fraudsters. Crypto scams have surged in France, leaving thousands financially and emotionally devastated. Fraudsters are finding new ways around even the most intense regulatory measures, including advanced technologies like AI to make their schemes more convincing. The allure of cryptocurrencies often blinds investors to the dangers; caution is called for. Crypto Scams: A Growing Threat Recent figures demonstrate the incredible rise in crypto fraud within France: 3.2% of the population reported having been scammed in 2024, from just 1.2% in 2021. Victims of fictitious loans report average losses of €19,000, while fraudulent savings accounts cost individuals up to €69,000. The notorious “OmegaPro” case saw investigators recover €268 million in criminal assets. Fraudsters often pretend to be celebrities, public figures, or financial experts to make victims do their bidding. Fraudsters use AI to make the story sound plausible, hence turning a mere scam into an authentic one. The consequence is enormous losses in potential revenue and a lack of faith in the crypto markets. How Regulators Are Pushing Back The regulators have started to clamp down harder on crypto fraudsters in France: Blacklisted 5,000 unauthorized entities since 2022 Spotted and blocked 350 fraud websites. Some campaigns have been run to make investors aware of the risks, but the scammers are constantly finding ways to adapt. Among fraudsters’ current favorites, so-called “square” fraud involves re-contacting past victims with promises of help in recovering lost money before further exploiting them. How to Protect Yourself: Investors Beware The French Financial Markets Authority has given some lucid advice on how individuals can look after themselves. Among this advice is checking any investment entity or platform against official registers. Be wary of promises of quick or exorbitant returns. Never give out sensitive information to sources that are unverified. Report immediately to the authorities any suspicious activities. As the AMF warns, “If it sounds too good to be true, it probably is.” Vigilance and education are the strongest tools against these ever-evolving scams.
Nobody talks about Cardano (ADA), but price bottom of major cryptocurrency might be in
As Bitcoin (BTC) approaches the end of 2023, traders are closely monitoring price movements that could signal significant volatility ahead. Despite recent ups and downs, BTC’s performance shows a potential
Cryptocurrencies remained on edge last week as the volume dried up because of the Christmas holidays. The Santa Claus rally pushed Bitcoin (BTC) close to the $100,000 level and then the momentum faded, pushing it below $95,000. Sui (SUI) will…
Cryptocurrencies remained on edge last week as the volume dried up because of the Christmas holidays. The Santa Claus rally pushed Bitcoin ( BTC ) close to the $100,000 level and then the momentum faded, pushing it below $95,000. Sui ( SUI ) will be a top crypto to watch this week as the Sui Foundation unlocks more tokens. EigenLayer ( EIGEN ) and StepN ( GMT ) are worth monitoring as well. Sui According to DeFi Llama , Sui tokens worth over $138 million will be unlocked on Tuesday, These tokens are part of the monthly unlocks that will happen until September 2069, when the total supply will reach 10 billion. The four-hour chart shows that the SUI price peaked at $4.9536 this month and then dropped to the current $4.2. While it has moved below the 50-day moving average, it has also formed an inverse head and shoulders pattern, pointing to a potential rebound in the coming days. A potential catalyst for the rebound is the January Effect, a situation where most assets rise during the month. SUI price chart | Source: crypto.news You might also like: BONK reclaims top Solana meme coin spot, dethrones PENGU EigenLayer EigenLayer is another top crypto watch this week because of an upcoming big unlock scheduled on Tuesday. The network, which runs the biggest restaking platforms, will unlock tokens worth $80 million or 1% of the total supply. That unlock will bring the total unlocked tokens to about 28%. The EIGEN token peaked at $5.6 in December and then moved into a bear market, falling by 40% to the current $3.42. The coin has moved below the 61.8% Fibonacci Retracement and the 25-moving average. It has formed a descending triangle pattern whose lower side is at $3.31. EIGEN will likely have a bearish breakout and get to the psychological point at $3. Conversely, a bullish breakout above the descending trendline will point to more gains. EIGEN price chart | Source: crypto.news GMT GMT will also be on the spotlight this week as it unlocks tokens worth $16.4 million, representing 1.5% of the float. The token unlock will happen on Saturday, Jan. 4. The GMT price went parabolic on Friday, reaching a high of $0.2500 and then suffered a big reversal to the current $0.177. It has moved to the strong, pivot, reverse point of the Murrey Math Lines, while the Relative Strength Index has moved from the extreme overbought point of 90 to the current 50. While the path of the least resistance for GMT is downwards, the token may bounce back as traders buy the dip. If this happens, the next potential reference level to watch will be at $0.2075, top of the trading range. GMT price chart | Source: crypto.news Some of the other cryptocurrencies to watch this week will be Cetus Protocol, Cheelee, and Maverick Protocol. Read more: Shiba Inu coin price at risk as burn rate, Shibarium fees fall
The post TRX and ADA Investors Pivot to Catzilla – Early Data Suggests Explosive x1000 Potential Ahead! appeared first on Coinpedia Fintech News Investors in leading cryptocurrencies are shifting their focus to a newcomer known as Catzilla. Early signs suggest that this project could experience significant growth ahead. The emerging interest hints at possibilities that might exceed expectations. This development is stirring curiosity in the crypto community about what could unfold next. Trump’s Victory Fuels Meme Coin Frenzy—Catzilla Ready to Soar Donald Trump’s electrifying return has reignited the crypto market, and meme coins are leading the charge. While major coins crawl with modest gains, Catzilla ($CATZILLA) is preparing for a seismic leap into the spotlight. With Trump’s pro-crypto vision to make the U.S. a global crypto powerhouse, the stage is set for a bull run like no other. His victory signals a golden era for meme coins , and Catzilla is positioned as the apex predator in this landscape. Catzilla isn’t here to play cute games—it’s here to rewrite the rules of DeFi . A hero in the battle for financial freedom, Catzilla combines the power of chaos with the heart of a warrior, uniting crypto enthusiasts and meme lovers in its unstoppable fight against outdated systems. As Trump ignites a new wave of crypto excitement, one question roars louder than ever: Will Catzilla claim its crown as the king of the meme coin jungle ? The Big Cat is ready to fight! Get in early and claim your $CATZILLA before it skyrockets! The days of fleeting hype like $PNUT or $GOAT are over. Their time has passed. Catzilla , with its bold narrative and ambitious roadmap, is ready to dominate the meme coin market and deliver jaw-dropping gains to those who dare to follow. Catzilla roars into action with 700% ROI potential ! Starting at just $0.0002 in presale, the price climbs to $0.0016 over 14 explosive stages. Move fast, and you could grab $CATZILLA with an 88% discount —a deal no serious investor can afford to miss. Catzilla: Claw Your Way to the Top Now Stage 4/14 is LIVE, and $CATZILLA is currently priced at just $0.0006 . Don’t wait—this is your chance to lock in your tokens before the price increases 16.67% to $0.0007 in the next stage. Missed the first three stages? Don’t worry—we’re still at the beginning of the presale, with 10 more stages to go! But remember, with each stage, the price rises, so the earlier you join, the greater your potential gains. Catzilla’s presale is live—join the roar and let your wallet grow bigger than ever! Earn While You Share: The Catzilla Multi-Level Referral Program Catzilla isn’t just about investing—it’s about empowering the community. With its multi-level USDT referral program, you can earn rewards just by sharing your referral link. Here’s how it works: 8% of every token purchase made by your direct referrals (Level ). 2% of every token purchase made by your referrals’ referrals (Level ). 1% of every token purchase made by referrals’ referrals’ referrals (Level ). Simply share your link and start earning passive USDT income while helping others join the Catzilla movement. Share Your Link and Start Earning Passive USDT Now! Why Catzilla? Catzilla is here to roar louder than ever, blending the best of crypto enthusiasts, meme addicts, anime fanatics, and DeFi warriors into one unstoppable force. This electrifying fusion unites communities under a single, power-packed banner . With its bold storytelling, irresistible rewards, and jaw-dropping profit potential, Catzilla isn’t just a token—it’s a movement ready to dominate the market and steal the spotlight. Get ready to be captivated—Catzilla is taking over! Catzilla’s presale is live—join the roar and let your wallet grow bigger than ever! TRON (TRX): A Decentralized Platform for Content Creators TRON (TRX) is a blockchain-based platform launched in 2017 by the Tron Foundation. It aims to give full ownership rights to digital content creators. Originally, TRX tokens were ERC-20 tokens on Ethereum but moved to their own network in 2018. The platform connects content creators directly with consumers, removing intermediaries like YouTube or Facebook. TRON supports smart contracts and decentralized applications (dApps), using a transaction model similar to Bitcoin’s UTXO. Developers can create dApps on TRON as an alternative to Ethereum. The platform’s low transaction fees and focus on decentralization make it attractive. In the current market cycle, TRON’s potential to empower creators may appeal to users and investors. Cardano (ADA): A Scalable and Sustainable Blockchain Platform Cardano is a flexible blockchain platform designed for smart contracts, enabling the development of decentralized finance apps, tokens, and games. Its native cryptocurrency, ADA, allows users to store value, make payments, and stake on the network. Cardano uses the Ouroboros proof-of-stake mechanism, which is more energy-efficient than proof-of-work models. The blockchain is divided into two layers: the Settlement Layer for transactions and the Computing Layer for smart contracts. This design enhances transaction speeds, potentially up to a million per second. Cardano’s technology offers efficiency and scalability. In the current market cycle, ADA’s features make it an attractive option for users and developers. ConclusKion Although TRX and ADA may offer less short-term potential, Catzilla stands out as a promising meme coin aiming to bring financial freedom to all. With triple utility—governance features, loyalty rewards, and passive staking options—Catzilla unites crypto enthusiasts, meme fans, and anime lovers in a community-driven effort to challenge established systems and reach new heights. Site: Catzilla ($CATZILLA) Twitter: https://x.com/CatzillaToken Telegram: Telegram Chat Telegram News