Polkadot (DOT) has been quietly building a strong foundation, with its price stabilizing after a period of volatility. This consolidation phase often serves as a launching pad for a potential upward move as buyers step in. Traders are now eyeing key resistance levels, which, if broken, could trigger a short-term rally. As the crypto market shows signs of recovery, DOT’s technical setup and fundamentals suggest that a bullish breakout might be on the horizon. Could this be the start of a fresh rally for Polkadot? Market Sentiment Improves As Polkadot Holds Steady DOT is exhibiting resilience as it continues to hold firm above the $3.5 support zone, signaling a potential shift in market sentiment. This stability is a positive sign, suggesting that selling pressure is subsiding, allowing bullish momentum to build gradually. The market’s confidence in Polkadot appears to be improving, as reflected by steady buying interest and a noticeable slowdown in bearish activity. Related Reading: Polkadot Price Crisis: Further Losses Incoming After DOT Falls Under $4.8 Moreover, DOT’s resilience amid broader market shifts highlights its ability to attract demand at current levels. If market sentiment continues to improve, an upward push could be imminent. However, a decisive move above key resistance levels is needed to confirm a sustained recovery and prevent prolonged consolidation or a possible retracement. A key bullish signal emerges from the MACD indicator, which is gradually rising toward the average, hinting at a potential shift in momentum. This upward movement suggests that bearish pressure is fading, allowing buyers to regain control and build confidence in a possible trend reversal. As the MACD line approaches the average, buying interest has risen, which could translate into a stronger push toward higher price levels. If this trend continues, it may serve as an early indication of a breakout attempt. Short-Term Rally Or Fakeout? Key Levels To Monitor Polkadot’s price stability has sparked hopes for a short-term rally, but traders remain cautious about the possibility of a fakeout. Key resistance and support levels will be crucial in determining the next move. Related Reading: Polkadot Rebounds Slowly As Oversold Conditions Ignite Bullish Hopes A breakout above the $4.8 resistance level could serve as a strong confirmation of upside momentum, signaling increased buyer interest. Should this level be successfully breached, DOT may gain the necessary traction to push higher, targeting the resistance zones at $6.2 and $7.7. However, failure to sustain upward movement may indicate a lack of strong buying pressure, leading to a retracement toward $3.5. Monitoring price action around critical levels, volume, and technical indicators will be essential in assessing whether Polkadot is gearing up for a true breakout or merely experiencing a temporary uptick. Featured image from Unsplash, chart from Tradingview.com
On March 15th, COINOTAG reported significant activity within the Chainlink network. Insights from on-chain analyst Yu Jin reveal a substantial quarterly unlock of Chainlink (LINK) tokens, where approximately 19 million
Tim Draper envisions a future where bitcoin dominates, fiat crumbles, and people scramble to convert dollars before they become worthless, calling BTC the ultimate global currency. Tim Draper Says Fiat Is Doomed—Bitcoin to Replace the Dollar for Everything Tim Draper, a prominent venture capitalist and longtime bitcoin advocate, reiterated his strong belief in BTC’s future
In a remarkable showcase of on-chain governance, a proposal aimed at cutting Solana’s inflation rate by 80%—identified as SIMD-228—has officially failed to meet the vote threshold required for passage. The motion, which generated extraordinary turnout across the Solana ecosystem, was rejected in the final stages of polling when numerous smaller validators voted “No,” tipping the balance below the necessary 66.67% approval target. Solana Inflation Remains High The vote on SIMD-228 was held alongside SIMD-123, both of which concluded with unprecedented levels of participation. According to Laine, a prominent Solana validator, SIMD-228 attracted 74.3% of all eligible stake, while SIMD-123 drew 57.1%. Though SIMD-228 secured a solid 61.39% “Yes” rate, it fell short of the required supermajority. In contrast, SIMD-123 met its threshold and passed with a 74.91% approval rate. “This has been a massive milestone in Solana governance with absolutely earth-shattering participation and contentious debate,” Laine commented via X. “It is incredible to see this level of investment by so many stakeholders, no matter the outcome one can only be hopeful for our future as an ecosystem!” The official Solana account celebrated the vote’s magnitude by noting: “Solana SIMD 228 voter turnout was higher than every US presidential election in the last 100 years.” Such a comparison underscores how deeply this proposal resonated with the network’s broad constituency. Community members, validators, investors, and developers alike engaged in rigorous discussion around its potential impacts on inflation, staking rewards, and the overall health of the chain. The schism in SIMD-228 voting results has been widely attributed to differing validator incentives and profitability concerns. Ben Sparang, formerly with the Solana Foundation, offered insight: “SIMD-228 votes by stake level tell a decisive story. Large validators are overwhelmingly in favor as they don’t have to worry about their margin of profitability. Small validators are overwhelmingly against as they might not be in business under the new regime.” Among smaller operators, fears centered on reduced staking rewards if the inflation rate fell sharply. Many predicted that diminished yields could compound their infrastructure costs and force them off the network. Larger validators, who derive much of their income from transaction fees and leader slots, largely supported the proposal under the rationale that a lower inflation rate would help bolster SOL’s long-term value . Cyphereus Prime (founder of X1, @mrJackLevin) highlighted the potential impact on Solana’s tokenomics, pointing to the significant decrease in future token issuance. “The proposal is to reduce SOL inflation, which is a good idea as it reduces at least $4B in SOL issuance per, stops dilution the supply and reduces sell pressure,” he observed. “The problem is a lot of smaller validators will be forced to leave the network as their staking rewards likely going to be cut, making it too expensive to run their nodes.” Tushar Jain, co-founder and Managing Partner at Multicoin Capital, lauded the record-breaking turnout and framed it as a milestone for decentralized governance: “SIMD-228 was the biggest crypto governance vote ever—by both number of participants and participating market cap of any ecosystem , chain, or network… If this vote tells us one thing, it’s that the state of the Solana network is strong. This was a meaningful scaling stress test—a social, rather than technical, stress test—and the network passed despite a wide stratification of diverging opinions and interests.” Jain further underscored how the turnout—over 74% of stake among 910 individual validators—demonstrated Solana’s vibrancy and institutional adoption. While acknowledging that “Yes” votes on SIMD-228 ultimately fell short, he emphasized the importance of the thorough deliberation process and promised to incorporate community feedback for possible future proposals. At press time, SOL traded at $126.
On March 15th, COINOTAG News reported insights from on-chain data expert Yu Jin, indicating notable trading activity by the “Hyperliquid 50x Whale.” This trader recently liquidated long positions in LINK,
Ripple (XRP) price has declined to $2.3 on Friday, March 15, down 30% from the recent peak of $3.1 reached when the US SEC confirmed XRP ETF filings by Grayscale in February. Key technical indicators on the XRP/USD weekly charts show critical levels XRP price must cross to hit $20 if the ETF filings are approved. Ripple (XRP) surges 5% as SEC Settlement Talks Begin Rippple (XRP) price jumped 5% to reclaim the $2.3 support level following reports that the U.S. Securities and Exchange Commission (SEC) could classify XRP as a commodity in its ongoing legal battle with Ripple Labs. This development comes as part of a potential settlement framework that could remove regulatory barriers surrounding XRP ETF approval. XRP price action | XRPUSDT On March 14, sources close to the negotiations revealed that SEC officials are discussing whether to treat XRP similarly to Bitcoin and Ethereum, which are already considered commodities under U.S. law. If XRP secures commodity status, it could facilitate the approval of an XRP exchange-traded fund (ETF), a move that has driven speculation among investors. Crypto market analysts note that an official SEC statement confirming XRP’s commodity classification could act as a catalyst for a major price rally. The last time similar speculation surfaced, XRP price surged from $0.90 to $3.1 in under two months. If the SEC provides regulatory clarity soon, XRP could test resistance levels at $3.50 and $5 before eyeing a more ambitious target at $20. When Could the US SEC Approve XRP ETF? The timeline for an XRP ETF approval hinges on several key regulatory developments. The SEC is currently reviewing multiple crypto ETF applications, including those for Ethereum and XRP, amid increasing pressure from institutional investors seeking diversified exposure to digital assets. Industry experts predict that an XRP ETF could gain approval in late Q3 or early Q4 of 2025, depending on how Ripple’s legal battle unfolds. If Ripple successfully secures commodity status for XRP and resolves the SEC lawsuit through a settlement, the regulatory pathway for an XRP ETF could become significantly clearer. XRP ETF Fillings in Progress as of March 12, 2025 | Source: Cointelegraph Historically, the approval of spot Bitcoin ETFs in January 2024 triggered a wave of institutional inflows that pushed BTC price to new all-time highs. A similar scenario could unfold for XRP if the SEC greenlights a dedicated ETF product. Analysts project that an XRP ETF could attract over $5 billion in inflows within the first few months, potentially pushing XRP price towards $10 in the short term and $20 in a prolonged bullish cycle. With growing institutional interest and positive regulatory momentum, XRP remains one of the top contenders for the next big ETF approval. The next major catalysts to watch include upcoming court rulings in the Ripple vs. SEC case and further statements from SEC Chair Gary Gensler on the regulatory framework for crypto-based ETFs. XRP Price Forecast 2025: Is $20 a viable target? XRP price is consolidating around $2.38 after retracing from its recent high of $3.10, with technical indicators signaling a potential move toward the $20 target by 2025. The Bollinger Bands on the monthly chart show an expansion phase, suggesting increased volatility, while the price remains above the midline support, indicating sustained bullish momentum. The MACD histogram continues to trend positively, confirming strong upward momentum, though the signal line crossing above 0.23 warrants caution. XRP Price Forecast 2025 A bullish scenario unfolds if XRP reclaims the $2.57 resistance and maintains a monthly close above this level. This would confirm support at the upper Bollinger Band, allowing for a continuation toward the next psychological resistance at $5, where historical sell pressure previously emerged. If buying pressure sustains through 2024, a breakout above $5 could pave the way for a parabolic rise, with Fibonacci extensions pointing to $10 and beyond, fueled by ETF speculation and increased institutional adoption. Conversely, a bearish divergence in MACD or a failure to hold $2.00 as support could signal a deeper correction. A breakdown below $1.90 would expose XRP to downside risks, potentially testing the $1.00 psychological floor before a renewed uptrend. However, given the current technical setup, the path of least resistance remains upward. The post Can Ripple (XRP) Price Reach $20 if the US SEC approves Altcoin ETFs this year? appeared first on CoinGape .
Ripple Labs resumes RLUSD production after a brief halt, addressing market demand. RLUSD's issuance may enhance market liquidity and boost trading volumes. Continue Reading: Ripple Labs Resumes RLUSD Production, Signaling Market Confidence The post Ripple Labs Resumes RLUSD Production, Signaling Market Confidence appeared first on COINTURK NEWS .
David Sacks and his venture capital firm sold over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed. “You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million is directly attributable to you,” said the memorandum dated March 5. Crypto sell-off in an effort to prevent conflict of interest The memorandum said the “significant steps” were taken to reduce potential conflicts of interest before Sacks began his tenure as the White House AI and crypto czar — in which a major part of his role is to help create a legal framework for the crypto industry. Sacks offloaded all the “liquid cryptocurrency” in his portfolio, as well as Craft Ventures' portfolio — the investment firm he co-founded in 2017 — including holdings in Bitcoin ( BTC ), Ether ( ETH ), and Solana ( SOL ) before US President Donald Trump’s inauguration on Jan. 20. The memorandum outlined which cryptocurrencies and crypto-related stocks David Sacks sold prior to Trump’s inauguration. Source: The White House Since Trump’s inauguration, the crypto market has seen a major decline amid a broader market downturn, with many blaming Trump’s proposed tariffs and uncertainty over US interest rates. While Bitcoin tapped a new all-time high of $109,000 just hours before Trump was sworn in as the 47th US president, it recently dipped below $80,000 on Feb. 27 , erasing all post-election gains. At the time of publication, Bitcoin is trading at $84,155, as per CoinMarketCap data. Sacks also divested from publicly traded crypto-related firms, including Coinbase (COIN), Robinhood (HOOD), and stakes in private digital asset companies. Additionally, he sold his limited partner interest in Solana-focused Multichain Capital and crypto-focused venture capital firm Blockchain Capital. At the same time, Craft Ventures offloaded its holdings in Multichain Capital and Bitwise Asset Management. Sen. Warren urged Sacks to prove he no longer holds crypto The memorandum is dated one day before Massachusetts Senator Elizabeth Warren urged Sacks in a March 6 letter to prove he no longer holds any digital assets, following Sacks’ claim in an X post that he sold off all his crypto. “Despite your public statements via X, it remains unclear exactly when you personally divested from BTC, ETH, and SOL, when Craft Ventures divested from Bitwise, and whether people close to you ‘may have held positions and sold into the recent price surge,” Warren said. Since Sacks started the White House crypto role, he has been a vocal advocate on various issues in the crypto industry, from the importance of a Strategic Bitcoin Reserve to not over-taxing the crypto industry. Related: Bitcoin panic selling costs new investors $100M in 6 weeks — Research Sacks recently shut down the idea of crypto transaction taxes on an episode of the All In Podcast after host Jason Calacanis proposed charging a 0.01% tax on every cryptocurrency transaction. “That’s always how taxes start. They are described as being very modest,” Sacks said. “You know, when the income tax started, it only applied to like a thousand Americans, and the legislators swore up and down that it would never be applied to middle-class people,” Sacks added. Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why
VanEck has filed to launch an Avalanche (AVAX) ETF, following its Trust filing just three days prior. This marks the firm’s first attempt at an AVAX-focused ETF, adding to its recent efforts in niche investment products. The registration statement filed on Friday noted: “The Trust’s investment objective is to reflect the performance of the price of ‘AVAX,’ the native token of the Avalanche network, less the expenses of the Trust’s operations.” VanEck registered for the ETF in Delaware this past week for what’s believed to be the first AVAX ETF. “Notably — the trust registration was shared widely on this earlier this week,” said Bloomberg Intelligence analyst James Seyffart on Friday in a post on X. “But this is the first actual filing with the SEC.” VanEck joins the crypto ETF race with first-ever avalanche (AVAX) filing Following Bitcoin’s remarkable rally, investment firms are increasingly rolling out new products aimed at investors who are looking for the next breakout token. Applications for exchange-traded funds have shot up since Gary Gensler stepped down as SEC Chair. A number of companies have applied to the SEC for approval for different crypto ETFs, such as SOL, XRP, DOGE, and LTC. The previous administration saw the SEC approve the listing of spot Bitcoin ETFs in January 2024 and spot Ethereum ETFs in July. However, AVAX and the expanded ETF market are presently weighted down by bearish sentiment. The SEC’s approval, however, may not result in inflows until market conditions improve. Today brought the first-ever Avalanche ETF, as VanEck filed for the product. In recent months, VanEck has played around with various experimental ETF constructions. In January, the firm submitted an ETF based on crypto exchanges, mining firms, and payment gateways. If approved, this particular fund would invest in a collection of various crypto companies. VanEck might explore a couple of ETF types, but its Avalanche product could still be a long shot. T he filing sparked a more than 4% uptick in AVAX’s price, suggesting potential bullish momentum. Crypto ETFs face headwinds as market struggles The current market cycle for the crypto ETF industry has been brutal. Bitcoin ETFs have now been subject to five straight weeks of net outflows, and Ethereum funds have similarly been subjected to institutional skepticism. At the same time, the SEC has delayed decisions on several submissions, including Solana and XRP ETFs. With no clear relief in sight, concerns around a potential U.S. recession continue to fuel bearish sentiment across the crypto space. Even if VanEck’s AVAX ETF secures SEC approval, its immediate market appeal may be limited, though it could prove valuable in the long run. The regulatory watchdog has signalled a more friendly approach to the industry. In a matter of just a few weeks, the agency has rescinded controversial crypto accounting guidance, dropped enforcement actions against major crypto industry players, created a crypto task force and issued a meme coin statement. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Could low sentiment set the stage for ETH/BTC's sharp recovery?