Fantom shows promising momentum as bullish metrics fuel its potential market breakout.
Investment manager VanEck has projected that the Bitcoin Reserve, as proposed under Senator Cynthia Lummis’s BITCOIN Act, could hold up to 35% of the US national debt by 2050. This will offset about $42 trillion of the country’s liabilities, it claimed. The VanEck analysis assumes that the national debt will compound by 5% between 2025 and 2049, starting at $37 trillion. This is an optimistic estimate given that the rate over the last ten years has been 10%. It further assumes Bitcoin will compound at 25% annually over the same period from the base of $200,000 in 2025. Source: VanEck Based on this assumption, Bitcoin would be worth $42.3 million by 2049. Thus, if the BITCOIN Act, which proposes that the US have a reserve of one million Bitcoins by 2029, is enacted, the value of the reserve in 2049 would be $42 trillion. However, many have considered the assumption that Bitcoin will have a compound annual growth rate (CAGR) of 25% over the next 25 years to be highly unlikely. In his response, VanEck’s Head of Research, Matthew Sigel , argued that Bitcoin has actually been growing at a 50% CAGR over the last 10 years. Thus, 25% is a conservative assumption. VanEck’s Head of Research says the Bitcoin acquisition will benefit the US dollar Sigel has now further affirmed his opinion on the benefits of a Bitcoin Reserve for the US. In a recent post countering an article by crypto investor Nic Carter against a Bitcoin Reserve, Sigel noted that now is the best time for the US to have a Bitcoin reserve. He explained that the US debt burden has been the major factor preventing it from having a reserve, but it can now start with Bitcoin to position itself for the future. The analyst noted that Bitcoin can be a complementary asset that will strengthen the US dollar, and the belief of many that the adoption of Bitcoin by the US will undermine the dollar could not be more wrong. He said: “Bitcoin doesn’t have to undermine the dollar. As in an investor portfolio, a small position is simply a hedge against fiscal unsustainability and geopolitical uncertainty, which can strengthen our asset base and impose some discipline on the Central Bank.” Sigel also believes that Carter overestimates how the market will react to the US government acquiring Bitcoin . In his view, there is gradual mainstream adoption and some political will at present; together, these will be enough to lay the foundation for the reserve and build on it with time. Bitcoin reserve will not cost US $1 trillion; can be a gradual process Meanwhile, Sigel also clarified in his post that the Bitcoin reserve will not impose an additional cost burden on the US. Based on VanEck estimates, it will cost the US around $320 billion to own one million BTC. However, he believes that accumulation could be a gradual process, giving the US a first-mover advantage and expanding with time. In the expert’s opinion, such an advantage has strategic benefits for the US government. BTC’s neutrality makes it ideal as a reserve asset and allows the country to retain its leading position in innovative technology, he said. He added that Bitcoin could also benefit the US energy strategy as it incentivizes energy infrastructure development. Sigel said: “Bitcoin mining incentivizes the development of domestic energy infrastructure, including renewables, nuclear, and grid resiliency projects. This aligns with US strategic goals for energy independence and sustainability.” With the two experts arguing for and against Bitcoin, the crypto community remains divided on whether it would be a good idea. Most of those opposing it are concerned it will not benefit the US dollar and might lead to the government taking control of Bitcoin. Nevertheless, the possibility of the US having an SBR is currently limited as the Federal Reserve chair Jerome Powell said the government cannot buy Bitcoin. It remains to be seen whether the next administration can change this position. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Dogecoin (DOGE) has experienced a significant decline, dropping over 30% from its yearly high of $0.48, raising concerns about its future performance. As a major player in the cryptocurrency market,
Ripple has pledged $5 million in XRP to support the inauguration events of President-elect Donald Trump and Vice President-elect J.D. Vance in January. This donation marks the largest cryptocurrency contribution ever made for a political event. Other major crypto firms, including Coinbase, Kraken, and Ondo Finance, have also committed $1 million each to the Trump-Vance Inaugural Committee. These contributions will fund a series of celebrations, including parades, dinners, and exclusive receptions surrounding the January 20th swearing-in ceremony. The donations come with significant benefits for top contributors. Companies or individuals donating $1 million or raising $2 million will receive six tickets to high-profile events. These include exclusive dinners with Trump and Vance, receptions with incoming Cabinet members, and access to other private gatherings. Such opportunities offer crypto leaders a chance to establish direct relationships with the new administration and influence future regulatory policies. The involvement of crypto firms in political funding reflects the sector's growing influence. Earlier this year, Ripple CEO Brad Garlinghouse personally donated $25 million to Fairshake, a pro-crypto super PAC. Collectively, crypto-affiliated PACs have raised over $133 million for political campaigns this cycle. This financial support highlights the industry’s commitment to shaping a favorable regulatory environment in the United States. Meetings between top crypto executives and Trump have already yielded results. SEC Chair Gary Gensler has resigned, and pro-crypto advocate Paul Atkins has taken his place. Furthermore, Trump has appointed David Sacks as the first-ever AI and Crypto Czar , signaling a strategic focus on these technologies in his administration. These changes suggest a policy shift that could benefit the cryptocurrency industry over the next four years. Crypto.com CEO Kris Marszalek and Coinbase CEO Brian Armstrong have also held private discussions with Trump in recent months. Topics included regulatory reforms and key personnel appointments aimed at promoting innovation while ensuring market stability. With the cryptocurrency industry’s increasing political presence, these dialogues are expected to play a vital role in shaping the sector's future. The recent surge in crypto political funding follows a broader trend of integration between digital assets and traditional power structures. Ondo Finance’s donation comes after a significant market boost, with its token reaching an all-time high of $2.14 following a major investment from World Liberty Financial, a Trump-backed project. This financial momentum has reinforced the sector’s credibility in political and economic discussions. Crypto leaders recognize the importance of being part of policymaking processes, especially as regulatory clarity remains a key concern. By supporting Trump’s inauguration and engaging directly with political leaders, companies like Ripple, Coinbase, and Kraken are positioning themselves as influential stakeholders in the U.S. financial landscape. As the cryptocurrency industry gains ground in Washington, Trump’s administration appears ready to embrace digital assets and blockchain technologies. The appointment of key pro-crypto figures, along with significant financial contributions from the industry, signals a potential turning point. The coming years could see the U.S. adopting a more crypto-friendly stance, driven by collaboration between political leaders and industry pioneers.
Ethereum Classic (ETC) is poised for a potential surge, with analysts predicting a 20% increase if it surpasses the $28.50 mark. The recent analysis by on-chain metrics indicates a significant
Electric Elon Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Electric Elon Musk (ELECMUSK), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because ELECMUSK is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Electric Elon Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Electric Elon Musk could become the next viral memecoin. Electric Elon Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Electric Elon Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Electric Elon Musk by entering its contract address – GLb1x7V9aav8iRjsxgG5UXdxLdk7YkrkcnKYByr542UD – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELECMUSK. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
An emerging Solana-based cryptocurrency is stirring excitement among traders. Speculation is mounting that it could achieve a billion-dollar valuation faster than Shiba Inu did. This digital asset is capturing attention with its rapid growth and unique features. What sets this coin apart, and can it truly outpace SHIB’s meteoric rise? DOGEN: The First Memetoken for Alpha Males Who Demand the Best Unleash your inner alpha with DOGEN, the meme token built for those who want to live a beautiful life. DOGEN is the alpha dog that never misses a chance to win big. This is the token for winners who won’t settle for anything less. Think luxury cars, stacks of cash, and beautiful women — that’s the Alpha DOGEN lifestyle! HODL Like a Boss, Conquer the Market Ready to live like an Alpha DOGEN and enjoy the finer things in life? It’s on the runway, gearing up for a 700% takeoff by the end of the presale — and that’s just the start. With DOGEN, you’re looking at potential thousand-fold returns as memetokens lead the hottest trend of this altcoin season. The earlier you jump in, the more you win! It’s a deal that others will envy, and you’ll be at the top of the pack. Missed WIF, Popcat or Ponke rise? DOGEN is the new doggie on the Solana memetokens ground alongside BONK, WIF, and Popcat known for their astonishing 1000% growth. Currently undervalued, DOGEN is poised to take this crypto narrative to the next level, potentially breaking records in this bull run. Community-Driven with Real Value DOGEN isn’t just a short-lived hype; it’s a growing movement. The team behind DOGEN is laser-focused on building a thriving community of alpha leaders who refuse to settle for less and are geared up to dominate the market. This token offers real value, from exciting campaigns to exclusive perks for early adopters. DOGEN is an opportunity to be part of something that lasts. DOGEN’s multi-level referral program is as fierce as it gets: You’ll score 7% from every token your direct bros (1st level) buy using your referral code. Plus, there are more rewards down the line — you can grow your profits as your referrals bring in even more users. Hold DOGEN and let others envy you! Join the Dogen Army today and conquer the crypto world! Solana’s SOL: A High-Speed Blockchain for Scalable Decentralized Applications Solana is a blockchain platform that prioritizes scalability, offering a foundation for decentralized applications with faster transactions and support for multiple programming languages. Its native cryptocurrency, SOL, is central to the ecosystem, enabling transactions, running custom programs, and rewarding network participants. Unlike some platforms that rely on sharding or second-layer solutions, Solana focuses on a high-capacity network to attract developers and investors. The potential of SOL lies in its ability to support a wide range of high-activity projects and services. In the current market cycle, Solana’s emphasis on speed and scalability positions it as an attractive option for those interested in decentralized applications and blockchain technology. Shiba Inu (SHIB): An Ethereum-Based Memecoin with Growing Utility Shiba Inu (SHIB) is a cryptocurrency launched in August 2020 by an anonymous developer named Ryoshi. Inspired by Dogecoin, SHIB operates on the Ethereum blockchain, enhancing its compatibility within Ethereum’s ecosystem. The coin started with a total supply of 1 quadrillion tokens, half of which were sent to Ethereum co-founder Vitalik Buterin. Buterin donated a significant portion to the India Covid Crypto Relief Fund and “burned” 40% of the total supply, reducing circulation. Unlike Dogecoin, SHIB aims for broader utility by developing platforms like ShibaSwap, a decentralized exchange, and plans for a future NFT platform and governance system. Its integration with Ethereum allows for potential growth in decentralized applications. Conclusion While SOL and SHIB show less short-term potential, DOGEN stands out for those pursuing excellence. Designed for alpha males seeking luxury and success, it offers real benefits and community. With expected 700% growth in presale and potential thousand-fold returns this altcoin season, DOGEN could achieve record-breaking success. Site: https://dogen.meme/ Twitter: https://x.com/dogenmeme Telegram: https://t.me/Dogen_Portal Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
Ethereum Classic (ETC) could soar by 20% to reach the $34.25 level if it closes a daily candle above the $28.50 level.
The United States election was one of the most defining events in the crypto space in 2024. Specifically, the reelection of Donald Trump revived Bitcoin and the entire crypto market after an uninspiring second and third quarter. One of the promises made by President-elect Trump in the run-up to the polls was the institution of a strategic Bitcoin reserve. Unsurprisingly, most of the recent crypto conversations has been around the BTC reserve and its potential impact on the US economy and the crypto landscape. Why Should The US Establish Strategic Bitcoin Reserves? CryptoQuant CEO and founder Ki Young Ju is the latest to weigh in on the issue of strategic Bitcoin reserves in the United States. In a post on the X platform, the crypto expert said that using the world’s largest cryptocurrency to offset the United States debt is a feasible approach. The CryptoQuant CEO mentioned: Over the past 15 years, $790 billion in realized capital inflows have propelled Bitcoin’s market cap to $2 trillion. This year alone, $352 billion in inflows have added $1 trillion to its market cap. Young Ju then disclosed that the United States could trim their domestic debt (70% of the total) by 36% if the government acquires 1 million BTC by 2050 and designates the premier cryptocurrency as a strategic asset. “While the remaining 30% of debt held by foreign entities may resist this approach, the plan does not rely on settling all debt with Bitcoin, making the strategy practical,” the CryptoQuant founder added. Young Ju believes that using a “pumpable asset” like BTC to compensate for dollar-denominated debt could face the challenge of creditors’ acceptance. However, the US instituting a strategic Bitcoin reserve could serve as a “symbolic first step” toward bringing global, nationwide legitimacy to the flagship cryptocurrency — as seen with assets like gold. In the post on X, the CryptoQuant CEO identified old whales dumping their BTC to spite the US government as a risk that could come with establishing a strategic Bitcoin reserve. “However, if governments continue accumulating Bitcoin until 2050 and its price keeps rising, I doubt they would actually dump it,” Young Ju concluded. BTC Price At A Glance As of this writing, the price of BTC is hovering around the $97,000 mark, reflecting a 0.4% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by 3.6% in the last seven days.
Two California men have been charged for committing a cryptocurrency scam worth $22 million. According to authorities, the suspects, 23-year-old Gabriel Hay of Beverly Hills and Gavin Mayo of Thousands Pam’s were accused of scamming unsuspecting investors in a crypto scheme. In a statement by prosecutors, the two men were charged with taking funds for investment in non-fungible tokens (NFTs) and disappearing. The prosecutors also mentioned that the duo floated several crypto schemes that met the same end as their NFT scheme. According to a statement from the United States Attorney’s office, the two men, with help from another person, carried out this scam from May 2021 to May 2024. The statement revealed that they carried out an act known as rug pull, where developers or people in charge of a project take out investor funds and abandon the project. Two California men charged for multiple crypto scam schemes In the indictment, the prosecutors noted that the suspects, Hay and Mayo, lied to investors about the state of one of their projects, Vault of Games. The duo claimed that the NFT project will be the first to be pegged to a hard asset. They also lied to investors that the Vault of Games project would work with jewelers worldwide, a claim that was found to be false. In addition, the men also claimed they had started making their exchange, where jewelers would come and register to provide service. Things started to go south when the Vault of Games’ handle on X posted in November 2021, asking what was happening. After a while, the followers gathered around the project’s comment section, accusing them of deleting the investor’s page on their Discord channel. Most users were frustrated, lashing out at the project, with one thing evident; they had been scammed by its founders. The comments later accused the developers of stealing the community funds, with most of them disappointed that they failed to deliver on their promise. Prosecutors list out the allegations against the men According to the prosecutors, the California men acted brazenly and without remorse, transferring the stolen funds into their wallets. They also mentioned that the Vault of Games was not the duo’s first rodeo, tying them to the rug pulls of projects like Faceless, Sinful Souls, Dirty Dogs, Uncovered, Roost Coin, Clout Coin, MoonPortal, among others. In her statement, the Department of Justice (DOJ) Principal Deputy Assistant Attorney General Nicole Argentieri condemned the act, citing the dangers of emerging technologies. “Fraudsters take advantage of new technologies and financial products to steal investors’ hard-earned money,” Argentieri said. Argentieri also assured the public that the department will continue a clampdown on individuals and entities carrying out these acts. “The department is committed to protecting investors and will continue to work with our law enforcement partners to root out fraud involving cryptocurrency and other digital assets and bring offenders to justice,” she added. In addition to their charges, prosecutors claimed that Hay and Mayo stalked one of their project managers, harassing him for outing one of their projects as a scam. The prosecutors said when the project manager, who was first blamed for the rug pull, pointed to the Californian men as the creators of the project, they sent several threatening messages to him in hopes of getting him to recant his story. They also posed as fake lawyers to make him back down from talking to the cops. In one of the emails, Hay and Mayo threatened to falsely accuse the project manager’s parents of carrying out improper sexual acts. The indictment mentioned that the last threat came in September 2023, with the duo reminding the project manager that they were still watching him while planning ‘to destroy’ him. The California men are charged with a count of conspiracy to commit wire fraud, one count of stalking, and two counts of wire fraud. If the prosecutors get a favorable ruling, they could spend up to 25 years in jail. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.