Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and might decline heavily below the $92,000 level. Bitcoin started a fresh decline below the $95,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $92,000 support zone. Bitcoin Price Revisits Support Bitcoin price failed to start another increase and extended losses below the $98,000 zone. BTC gained bearish momentum below the $96,500 and $95,500 levels. The price even spiked below $92,500. A low was formed at $92,417 and the price is now consolidating losses. There was a minor increase above the $94,000 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low. Bitcoin price is now trading below $95,000 and the 100 hourly Simple moving average . There is also a key bearish trend line forming with resistance at $95,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $95,000 level. The first key resistance is near the $96,000 level or the 50% Fib retracement level of the downward move from the $99,575 swing high to the $92,417 low. A clear move above the $96,000 resistance might send the price higher. The next key resistance could be $96,800. A close above the $96,800 resistance might send the price further higher. In the stated case, the price could rise and test the $97,500 resistance level. Any more gains might send the price toward the $98,000 level. More Downsides In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could continue to move down. Immediate support on the downside is near the $92,400 level. The first major support is near the $92,000 level. The next support is now near the $91,200 zone. Any more losses might send the price toward the $90,000 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $92,500, followed by $91,200. Major Resistance Levels – $95,000 and $96,000.
On December 24th, COINOTAG reported insights from QCP’s latest market analysis. Following last week’s significant downturn, the cryptocurrency market exhibited a period of stability as the holiday season approaches. Currently,
Millions of USDC has been moved from Hyperliquid, a decentralized layer 1 exchange that bridges to Arbitrum, a layer 2 network built on Ethereum. This is coming off the back of a series of posts on X (formerly Twitter) by one of the leading voices in crypto security, Tayvano, also known as Tay, who raised concerns about the activities of hackers linked to the Democratic People’s Republic of Korea (DPRK) on the Hyperliquid bridge. Tayvano’s post referenced some addresses linked to DPRK hackers who lost over $700,000 in trading on Hyperliquid. The alarm seems to have triggered major FUD in the Hyperliquid community, leading to a movement of over $114 million in USDC from the platform. According to Tayvano, the loss of $700,000 from those trading addresses wasn’t a mistake but a test to check for vulnerabilities on the platform. She said, “Yall, DPRK doesn’t trade. DPRK tests.” This isn’t the kind of news Hyperliquid expects after it recently recorded over $13 billion in a 24-hour trading volume thanks to increased trading activities on its platform fueled majorly by its airdrop event, which happened less than a month ago. Ironically, its liquidity could also be why it popped up on the hackers’ radar. It’s worth noting that this isn’t the first time Tayvano has called the attention of the Hyperliquid team to the activities of North Korean hackers on its trading platform. Tay raised an alarm two weeks ago and offered to work with the Hyperliquid team to mitigate the risks DPRK hackers may pose to the platform. A trail of losses due to the Hyperliquid FUD As of this writing, Hyperliquid hasn’t released any comments, and its token, HYPE, is currently down by over 20%. Two major whales are liquidating close to $4 million of their assets. According to Entropy Advisors on X, Hyperliquid has four validators, and if three of these four validators are compromised, it can lead to a loss of $2.2 billion in USDC across the bridge. While this hasn’t happened yet and may never happen, the prospect hasn’t helped quell the ongoing FUD as it calls into question the security of the Hyperliquid platform. It also presents an ongoing issue for bridges in general. Blockchain bridges like Hyperliquid have been touted as the future of on-chain transactions; however, these bridges have been known to be relatively vulnerable to hacks . They account for over 31% of the total value of funds lost to hacks, according to Defillama . Popular bridge hacks such as the Ronin, Binance, and Nomad bridge hacks have resulted in the loss of hundreds of millions. Orbit chain, socket and ALEX bridge are the most recent bridges to suffer hacks and lose millions as a result of cross-chain vulnerabilities that exist on bridges. False alarm or sound advice The alert Tayvano raised has brought other players in the blockchain security space with opposing views into the conversation. Some professionals are advising the Hyperliquid team to look into the concerns Tayvano raised. The other side of the argument has referred to her as a prophet of doom who is deliberately trying to undermine the Hyperliquid team and cause FUD because the team won’t work with her. An X user (@PixOnChain) observing the impact of Tayvano’s post on users mentioned that the fear of a potential hack has led to the loss of over $2 billion off Hyperliquid’s market cap. The X user added that continuous education, collaboration, and strengthened security will help defend against FUDs. In a now-deleted post on X, Jared Grey, the “head chef” at Sushi Labs, while admitting his respect for Tayvano wrote that he believes that having an open forum to address claims of security issues on any protocol should be encouraged. He believes addressing these issues without generating FUD among users is easy and with the right coordination, attacks will be reduced. DPRK government-sponsored hackers are at the forefront of crypto hacks, accounting for the majority of the crypto thefts recorded. They are reported to have raked in over $1.34 billion from doing that this year alone. These hackers are known to carry out large-scale and small-scale operations, leading to intensified efforts by the US and other governments to clamp down on their activities. The campaign to crack down on these bad actors has led to increased sophistication in North Korean hacker operations, who also invent creative ways of gaining unauthorized access into crypto circles, including as staff members. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
Ethereum soared in 2017, Solana in 2021 — analysts now predict Rexas Finance could deliver 10,000% gains by 2025. #partnercontent
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum soared in 2017, Solana in 2021 — analysts now predict Rexas Finance could deliver 10,000% gains by 2025. Table of Contents Ethereum’s 2017 ascent Solana: The 2021 sensation Rexas Finance: The next 10,000% altcoin? Why might Rexas Finance be the next major altcoin? Conclusion With excellent profits in 2017, Ethereum changed the scene of distributed apps (dApps) and smart contracts. Then, in 2021, Solana attracted the market’s interest by blazing blockchain scalability and speed. One issue many investors wonder about as the sector develops is which altcoin will copy these spectacular profits in 2025. One competitor that stands out is Rexas Finance (RXS) , a concept ready to rethink asset tokenization completely. Rexas Finance is a top choice for investors wishing to profit from the next great opportunity since analysts estimate gains of up to 10,000% by 2025. You might also like: Rexas Finance poised to be future of RWA tokenization: Fourth presale stage ends earlier than predicted Ethereum’s 2017 ascent The explosive climb of Ethereum in 2017 was just amazing. Ethereum’s blockchain’s release helped distributed apps (dApps), distributed finance (DeFi), and — above all— smart contracts — which let developers create programmable assets—to emerge. Ethereum surged from roughly $8 in early 2017 to over $1,400 by January 2018 due to this invention, generating a tsunami of demand from institutional investors, developers, and regular users. Ethereum’s success came from its strong ecosystem of projects and developers and its unique capacity to offer a venue for creating distributed apps. Despite significant obstacles, including high transaction fees and scalability problems, Ethereum stayed a prominent participant in the market, and its success encouraged a fresh round of blockchain initiatives. Solana: The 2021 sensation By 2021, Solana became the next major altcoin with significant potential profits. Early investors would find exceptional gains as SOL’s price skyrocketed from about $1 at the start of the year to over $200 by the year’s conclusion. The scalability of Solana and the expanding DeFi and NFT ecosystems created on its platform drove its success. Solana is still a prominent player in the blockchain market despite network failures and technical problems in 2022; many think it has great potential for development in the following years. https://twitter.com/rexasfinance/status/1857692542290059502 Rexas Finance: The next 10,000% altcoin? One altcoin that is attracting significant attention as we approach 2025 is Rexas Finance . Rexas Finance addresses a distinct challenge: tokenizing real-world assets (RWAs), while Ethereum and Solana concentrate mainly on dApps and blockchain scalability. The project seeks to tokenize tangible and financial assets, including real estate, commodities, and intellectual property, generating more liquidity and accessibility for investors. Rexas Finance could upset established asset markets using blockchain technology to permit fractional ownership and enable smooth trade of tokenized assets. This invention will democratize access to valuable assets, appealing to regular consumers and institutional investors. The project’s ecosystem includes a suite of tools for asset tokenization, including the Rexas Token Builder, QuickMint Bot, and the GenAI system, simplifying the process of creating and managing digital assets. The presale performance of Rexas Finance is among its most interesting developments. With tokens valued at $0.15 in Stage 10, Rexas Finance is in the middle of a successful presale as of writing. $29,341,073 has been raised for the presale so far, and early backers of the project are hopeful about its exponential expansion once it launches on tier-1 exchanges in 2025. Being an exciting altcoin for long-term expansion, some analysts estimate RXS might experience a price spike of up to 10,000% by the end of 2025. Why might Rexas Finance be the next major altcoin? Rexas Finance’s unique value proposition and capacity to solve critical issues in the asset management field define its potential for significant returns. By allowing the tokenization of actual assets, Rexas Finance is opening doors for most people, opening previously unreachable investing possibilities. Furthermore, appealing to institutional investors seeking blockchain-based solutions to manage their assets, the project emphasizes security, scalability, and regulatory compliance. Moreover, the success of Rexas Finance’s presale and expanding community will help indicate its significant expansion in 2025. Because of its constant creativity and emphasis on streamlining asset tokenization, Rexas Finance could be a candidate for the best altcoin with a 10,000% ROI in 2025. Conclusion Rexas Finance could be the next major altcoin to provide tremendous gains in 2025. With its emphasis on real-world asset tokenization, successful presale, and roadmap addressing important asset management issues, Rexas Finance is positioned for exponential development. Investors searching for the next Ethereum or Solana should pay close attention to RXS as it prepares to sweep over the cryptocurrency market. To learn more about RXS, visit the official website , Whitepaper , X and Telegram . Read more: Solana nears breakdown with short build-up; Rexas Finance hits presale ATH Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY 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, Donald Saves Crypto 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 Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 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 Donald Saves Crypto 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 Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – 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 DONALCRY. 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.
As we approach the end of 2023, recent announcements have sparked significant interest in the future of the crypto industry. According to Forbes, seven key forecasts for 2025 provide insights
The UAE’s growing economic influence and deeper global ties are driven by its BRICS membership, strengthening connections with China and India and boosting international collaboration. UAE’s Economy Gains Momentum Through BRICS Alliance, Strengthening Ties With China and India The United Arab Emirates (UAE) has strengthened its economy and broadened its global connections through its membership
The analytics firm Santiment has revealed how social media traders have moved their attention to Bitcoin from Dogecoin and other memecoins recently. Dogecoin & Other Top Memecoins Have Seen A Decline In Social Dominance In a new post on X, Santiment has talked about how cryptocurrency market sentiment on social media has changed amid the latest bearish downturn. The indicator of relevance here is the Social Dominance, which keeps track of the percentage of social media discussions related to the top 100 coins by market cap that a particular asset or group of assets is contributing right now. The indicator measures the degree of discussion or talk related to an asset by counting up the number of posts that are making unique mentions of it. The reason it doesn’t count up the mentions themselves is that they can provide a false picture of the trend being followed in the sector. Related Reading: Bitcoin To Top Above $168,500 Based On This Indicator, Analyst Reveals Focusing on just the posts means that a few outlier ones with hundreds of mentions can’t skew the data by themselves and the metric only registers a spike when discussion is spread across the major social media platforms. In the context of the current topic, the Social Dominance of two asset classes is of interest: the Layer 1 Top 6 and the Memecoin Top 6. The former includes the six largest layer 1 networks (that is, blockchains that handle their own security and aren’t built on top of another network, like Bitcoin) and the latter the six largest meme-based tokens (like Dogecoin). Below is the chart shared by the analytics firm that shows the trend in the Social Dominance for these two types of cryptocurrencies over the last few weeks: As displayed in the graph, the Social Dominance of the Memecoin Top 6 was high a couple of weeks ago, implying social media users were highly interested in Dogecoin, Shiba Inu, and other such tokens. Since then, however, the metric has followed an overall downward trajectory for this class of assets. It would appear that investor attention has shifted to Bitcoin and other layer 1 assets, as their combined social dominance has risen during the same period. Historically, whenever Dogecoin and other memecoins have been at the center of attention in the market, it has been a sign that the investors are becoming greedy. Related Reading: XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why Cryptocurrency markets generally tend to move against the expectations of the majority, so it may not be a surprise that this greedy sentiment was followed by a downturn in the sector. The shift in Social Dominance to safer investments like Bitcoin would imply the investors are now becoming fearful. It’s possible that the sector would continue to decline in the coming days, but at least with the sentiment seeing a flip, there is more of a chance that a bottom can be reached. DOGE Price At the time of writing, Dogecoin is floating around $0.31, down more than 24% over the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
Solaxy nears $5M presale goal, offering low entry prices and high staking APY to early investors on Solana's Layer 2. #partnercontent