MicroStrategy Inc (NASDAQ: MSTR ) announced another Bitcoin ( BTC ) purchase on December 23 at an average price of $106,662. This marks an announcement made at a price below the dollar-cost average, signaling a buy at Bitcoin’s local top. Nevertheless, the company is still profitable with its Bitcoin portfolio, and MSTR’s stock steadily sustains a premium against its holdings. According to Michael Saylor ’s announcement , MicroStrategy has acquired 444,262 BTC at an average cost of $62,257. This most recent purchase was of 5,262 BTC for $561 million and MicroStrategy’s lowest disclosed buy since July 2024. On that note, the economist and known Bitcoin critic Peter Schiff has commented on X, highlighting a “firepower” loss. Schiff has been commenting against Saylor’s Bitcoin strategy for a while, as Finbold reported in one occasion. “It seems like you are running out of firepower to keep propping up Bitcoin. Plus, not only is this your smallest buy, but the first time your average purchase price has been above the market price on the Monday you disclosed the buy.” – Peter Schiff MicroStrategy’s lowest Bitcoin buy at the top Interestingly, this recent purchase is approximately three times lower than the previous purchase at $100,000, announced on December 16. Moreover, it is nearly four times lower than the one before that, announced on December 9, as Lookonchain analyzed . The purchases were of 5,262, 15,350, and 21,550 BTC, respectively. In November, MicroStrategy made two buys superior to 50,000 BTC , or nearly ten times higher than last week’s acquisition. MicroStrategy Bitcoin acquisitions. Source: Lookonchain Novacula Occami, former Wall Street analyst, also commented on Michael Saylor’s strategy, explaining it relies on two pillars. First, Saylor buys when “numbers go up,” the analyst said, and then on “exciting the less sophisticated herd,” he concluded. Essentially, Occami believes the purchases are always made when Bitcoin shows strong momentum, usually amid a rally. This is supposedly done to attract retail traders with positive sentiment regarding BTC and MSTR. MSTR stock and Bitcoin (BTC) price analysis Indeed, MSTR stock is trading at $344.27, with a market capitalization that is two times higher than its Bitcoin holdings, making it a 100% premium against usual BTC investments for investors who want Bitcoin exposure through MicroStrategy. Meanwhile, BTC is trading at $93,113, at a 12% discount from Saylor’s most recent average Bitcoin acquisition price. Bitcoin (BTC) price vs. MicroStrategy (NASDAQ: MSTR) stock price. Source: TradingView / Finbold / Vini Barbosa Looking at Bitcoin’s chart, we can see that, after every MicroStrategy purchase, BTC experienced an aggressive drop below the average. This validates the two analysts’ criticisms regarding Michael Saylor’s Bitcoin strategy, which now experiences one of the longest recent drawbacks. However, it is notable that the company’s high time frame results are still massively positive, accumulating an unrealized profit of nearly $15 billion. Featured image from Shutterstock. The post MicroStrategy buys Bitcoin price top at $106k, already down 12% appeared first on Finbold .
Hyperliquid Labs denies DPRK wallet exploit allegations and reassures users of fund safety as HYPE token rebounds after a 25% drop. The post Hyperliquid Labs addresses reports of North Korean-linked activity on its protocol appeared first on Crypto Briefing .
Senator Ted Cruz wants Texas to be a global leader in cryptocurrency, seeing Bitcoin as a symbol of freedom. Ted supports crypto-friendly laws, runs mining rigs in West Texas, and opposes strict federal rules. With Texas already growing in crypto, Cruz believes it can lead the digital revolution. Senator Ted Cruz is one of the most passionate senators about Bitcoin and cryptocurrency. He wants Texas to be the center of crypto innovation, as he always expressed his vision wherever possible. Cruz views Bitcoin as more than just a currency or an asset he sees it as a symbol of freedom, decentralization, and independence, which Texas has always embraced. Ted Cruz’s vision for Texas as a crypto leader “We are also going to unleash crypto I’m proud to stand with crypto I’m proud to stand with Bitcoin and I am the only member of the United States Senate who is in fact a Bitcoin minor,” Cruz statements at America Fest 2024 by Turning Point USA in Phoenix, Arizona. Cruz’s stands for cryptocurrency just goes beyond words. He has made it clear through his actions, that he is fully invested in the success of Bitcoin, and awaiting the Bitcoin Reserve setup. He operates three Bitcoin mining facilities in West Texas, demonstrating his strong commitment to Bitcoin and his vision of transforming Texas into a crypto hub. “I am a strong advocate for Bitcoin and cryptocurrency in the U.S. Senate,” Cruz declared, emphasizing his goal to transform Texas into the global leader for Bitcoin. For Cruz, Texas is the perfect place for Bitcoin to flourish. “ Texas has the resources and mindset to be the center of this technology,” Cruz said, that the state is well suited for the digital asset revolution. The Senator also criticized Elizabeth Warren for limiting Bitcoin’s growth, and he is comparing her stance to China’s attempts to ban the cryptocurrency. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The year 2024 has marked an unprecedented turnaround for cryptocurrency, with Bitcoin hitting record highs and the advent of multiple ETFs reshaping the market landscape. As Bitcoin surged, the overall
XRP is among cryptocurrencies with concentrated ownership in a few top addresses, raising concerns about the impact of centralization. A breakdown of ownership indicates that Ripple -controlled addresses account for most of the asset, primarily locked in escrow. Major exchanges also rank among the top holders. The top 10 XRP holders collectively own 35.39% of the total supply, amounting to 27.53 billion tokens. Ripple dominates this list, with its seven accounts holding 24.53 billion XRP, including tokens in escrow, representing 31.57% of the total supply, according to data retrieved by Finbold from XRP Scan on December 23. Additionally, Uphold and Bithumb features are available among the top owners. Uphold holds 1.86 billion XRP (1.86%), and Bithumb accounts for 1.39 billion XRP (1.39%). XRP top ten holders. Source: XRP Scan XRP centralization concerns Although Ripple has implemented a clear XRP management plan, the concentration of assets in a few company-affiliated addresses raises concerns about centralization. Critics argue this goes against the principles of blockchain decentralization and trustlessness. For instance, cryptocurrency researcher Justin Bons challenged Ripple’s decentralization claims earlier in December, highlighting possible flaws in XRP’s design. In an X post on December 3, Bons asserted that XRP relies on a centralized Unique Node List (UNL) and uses Proof of Authority (PoA), allowing the XRP Foundation to control validators and enforce compliance. Bons further criticized XRP’s lack of validator incentives, a 99.8% pre-mine, and reliance on founder-held token sales, which he believes compromise fairness and transparency. He recommended Ripple adopt a Proof of Stake (PoS) model to decentralize validator selection and promote transparency. You are completely focused on a detail that absolutely does not matter in any realistic way. Validators are not compensated. They cannot censor unless node operators configure their code to allow them to. They do resolve the double spend problem, but honest users don't double… — David "JoelKatz" Schwartz (@JoelKatz) December 3, 2024 Financial educator and Bitcoin ( BTC ) advocate Rajat Soni echoed similar concerns, labeling XRP a ‘scam’ capable of enabling price manipulation. Despite these criticisms, it is worth noting that Ripple does not control the XRP Ledger. Changes to the ledger require validator consensus rather than unilateral decisions. Furthermore, the total XRP supply has remained capped at 100 billion since its pre-mining phase. XRP price analysis As of press time, XRP was trading at $2.14, down nearly 4% in the last 24 hours and over 14% on the weekly chart. The bearish sentiment has hindered XRP’s trajectory toward the $3 resistance level. XRP seven-day price chart. Source: Finbold XRP previously broke out of prolonged consolidation below $1, driven by post-election optimism following Donald Trump’s election and the upcoming departure of Securities Exchnage Commission ( SEC ) Chair Gary Gensler, which has boosted investor confidence. Regarding the next price movement, crypto analyst Dark Defender noted in a December 22 post that XRP is consolidating within a descending triangle and testing a key support line around $1.80. XRP price analysis chart. Source: Dark Defender The daily chart highlighted resistance above $2.90. However, the Relative Strength Index ( RSI ) remains below the golden cross threshold, indicating weak bullish momentum. A breakout above resistance could trigger a rally, while a breakdown below support may lead to further declines. Featured image via Shutterstock The post Top 10 XRP holders own 35% of all tokens appeared first on Finbold .
Cryptocurrency exchange Binance announced that its venture capital arm Binance Labs has invested in Usual, a decentralized stablecoin issuer that aims to reshape the stablecoin market with innovative and community-driven solutions. Backed by real-world assets (RWA), Usual takes a unique approach to stablecoins by redistributing value and ownership through its governance token, USUAL. Unlike traditional stablecoin issuers that operate like centralized banks, Usual emphasizes shared ownership and community empowerment. According to its own statement, the project distributes 90% of USUAL tokens to its users, fostering a decentralized and egalitarian ecosystem. “Stablecoins have long served as a gateway to onboarding new users into the crypto ecosystem, and Usual’s community-first approach sets a new benchmark for inclusivity and empowerment,” said Alex Odagiu, Chief Investment Officer at Binance Labs. “At Binance Labs, we look for projects that drive meaningful innovation and expand the ecosystem, and we’re excited to support Usual’s mission to push the boundaries of what stablecoins can achieve.” Related News: Binance Founder CZ Reveals the Country with a Huge Amount of Bitcoin: “Twice as Much as the US” Pierre Person, CEO of Usual Labs, expressed his excitement about the partnership with Binance Labs, saying: “We are proud to have Binance Labs as a co-lead in our Series A funding round. Their track record of supporting transformative projects that prioritize technological innovation and real-world benefit aligns perfectly with Usual’s mission.” *This is not investment advice. Continue Reading: Binance Announces New Altcoin Project It Invested In – Also Listed on its Platform
Crypto analyst Master Kenobi has presented a master plan, suggesting that Floki (FLOKI) , a dog-themed meme coin, is on the brink of a massive breakout. While Dogecoin (DOGE) and Shiba Inu (SHIB) have experienced notable price surges in the past, Floki is projected to skyrocket by at least 1,100% in Q1 2025. Floki Set For 1,100% Pump In Q1 2025 In a recent X (formerly Twitter) post , Master Kenobi expressed optimism about Floki’s future price prospects . He based his forecasts on historical price cycles, which appear to follow a predictable pattern every 365 days. The analyst shared a chart showing that Floki has exhibited recurrent bull patterns approximately one year apart. During each year, a significant price pump began after a period of consolidation, marked by the red arrows and purple rectangles on the chart. Kenobi highlighted that during the 2021 price pump, Floki surged 92X after undergoing a consolidation period of about 112 days. Following this pump, the meme coin experienced a massive decline of about 98.5% before stabilizing slightly and starting another round of consolidation. Over the past few years, the price of Floki has surged significantly, experiencing a bullish trend similar to that of its 2021 pump. The chart’s data shows that the meme coin rose 11X in 2022 and 22X in late 2024. Based on this recurring bullish trend, Kenobi suggests Floki is approaching a breakout zone where its price could skyrocket to new highs this cycle. The analyst projects a minimum 10X to 11X pump for Floki by Q1 2025. The yellow rectangles on the chart indicate a critical time frame before a major breakout, with a significant price jump often occurring after 112 or 140 days of consolidation. If past trends hold, Kenobi predicts Floki could see a breakout after two weeks if it consolidates for 112 days or in early February if it stabilizes for 140 days. Looking at the chart’s analysis, each cycle Floki recorded a massive price pump, with an upward movement lasting about 35 days. Following the recurrent historical trends, a similar timeframe is anticipated for Kenobi’s projected 1,100% price breakout for Floki . According to CoinMarketCap, the price of Floki is currently trading at $0.000169, reflecting a 25.4% crash over the past week. Despite this downtrend, if Floki can surge by 1,100%, it would propel its price to $0.00185, marking a new all-time high . Macro Indicators And RSI In addition to historical data, Kenobi has revealed that macro indicators like Floki’s Relative Strength Index (RSI) add credibility to his 1,100% price forecast for Floki. Historically, when the RSI reached similar levels after each consolidation phase, Floki followed up with an explosive price action . This consistency between past trends, technical indicators, and Floki’s price behavior further strengthens the analyst’s confidence in his bullish prediction of an 11X surge by Q1 2025.
As 2024 wraps up, the crypto market teems with opportunities for the savvy investor. Each coin on this list offers something unique, from technological innovation to disruptive ecosystems. Whether you’re chasing the future of blockchain infrastructure or eyeing presale gems like Qubetics ($TICS), this guide unveils your best bets for December. With features like QubeQode IDE simplifying blockchain development, Qubetics is not just a token—it’s an ecosystem of possibilities. Meanwhile, Aptos, Solana, and Cardano hold strong positions with their distinctive use cases and growing adoption. If you’re looking for the best coins to join in December 2024, these cryptocurrencies showcase why they’ve become favourites in their respective niches. Let’s dive into what makes each one special. 1. Qubetics: A Revolution in Blockchain Development At the heart of Qubetics ($TICS) lies a groundbreaking feature, the QubeQode IDE. Designed to make blockchain development accessible, QubeQode offers a visual interface that eliminates traditional coding barriers. Its drag-and-drop components allow users to integrate essential blockchain features like user authentication and token management seamlessly. The form-based configuration lets developers define smart contract parameters with intuitive forms, removing the need for intricate code edits. Moreover, the code snippet library simplifies the addition of advanced functionalities, making Qubetics a standout choice for both beginners and seasoned developers. Currently, in Presale Phase 14, Qubetics is setting the crypto community abuzz. Priced at $0.037 per token, this presale has already raised over $7.5 million, with 372 million tokens sold to more than 11,500 holders. Weekly phases bring a thrilling 10% price hike, culminating in a 20% surge in the final stage. With a post-presale target of $0.25 per token, early investors are eyeing a staggering ROI potential of 563.81%. Time is running out to grab $TICS at this price before the next phase ignites a new wave of demand for this best coin to join in December 2024. 2. Aptos: The Scalable Blockchain Solution Known for its blazing speed and high security, Aptos has cemented itself as a blockchain platform of the future. With a focus on parallel execution, it can process thousands of transactions per second, making it an ideal solution for decentralised apps demanding high throughput. Its robust architecture appeals to developers, and its focus on scalability ensures it remains relevant in an ever-evolving market. Aptos made this list for its unmatched scalability and developer-first approach. 3. Solana: The King of Speed and Efficiency Solana continues to dominate headlines with its lightning-fast transaction speeds and low fees. Built to scale without compromising decentralisation, it’s a go-to choice for decentralised finance (DeFi) and NFTs. Its unique proof-of-history mechanism enhances security while maintaining efficiency, allowing the blockchain to support millions of users worldwide. Solana’s vibrant ecosystem of projects and growing partnerships makes it a worthy contender in any crypto portfolio. Solana made this list for its relentless pursuit of efficiency and ecosystem growth. 4. Cardano: The Proof-of-Stake Pioneer Cardano stands as a beacon of sustainability in the blockchain world. Its proof-of-stake consensus mechanism reduces energy consumption and ensures scalability and security. Built on a rigorous, peer-reviewed foundation, Cardano has been a trusted choice for projects requiring a secure and eco-friendly platform. Its roadmap for interoperability and smart contract enhancements ensures it remains a force to reckon with. Cardano made this list for its pioneering approach to sustainability and innovation. Conclusion: Invest in the Best Coins to Join in December 2024 Based on the latest research, the best coins to join in December 2024 are Qubetics, Aptos, Solana, and Cardano. Among these, Qubetics stands out for its cutting-edge QubeQode IDE and incredible presale opportunity. With $TICS priced at just $0.037 and a post-presale target of $0.25, the window to maximise your returns is closing fast. The presale phases are designed to reward early adopters, and each week brings an exciting new level of growth. Don’t wait for tomorrow when the price is higher—secure your stake in Qubetics now. Aptos, Solana, and Cardano are excellent additions to any portfolio, but for the most compelling growth in 2024, Qubetics should be your first choice. For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubetics 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 .
Analysts Recommend Buying BlockDAG Now as a Price Jump is Expected Soon! Chainlink & XLM Forecasts Look Promising The cryptocurrency market is buzzing with opportunities that could disappear in a moment! Chainlink (LINK) technical analysis indicates strong upward momentum, with LINK now trading around $29, aiming for $32 and $34 soon. Similarly, Stellar’s (XLM) price prediction is very optimistic, forecasting a potential 360% rise, especially after a robust 342% increase in the last three months. At the heart of this buzz is BlockDAG (BDAG), which is reshaping what we think about blockchain’s scalability and innovation. With over $171.5 million raised and 17.4 billion coins sold, the end of BlockDAG’s presale batch 26 is imminent. With a price of $0.0234, BDAG presents a fleeting chance to buy before prices climb in the next batch. Plus, a remarkable 2,240% rise since its first batch positions BDAG as the top crypto pick for 2025. Chainlink Technical Analysis Shows Strong Upward Trend Recent Chainlink technical analysis points to continued strong upward momentum, with the token near $29 and a 104% rise this month alone. Analysts point to a critical resistance at $29.954, which coincides with the 0.786 Fibonacci retracement level. Breaking above this could push prices to between $32 and $34. Institutional interest in LINK is high, with increased whale activity and more engagement from institutions like Grayscale’s Chainlink Trust. This upbeat Chainlink technical analysis is in line with recent enhancements, including Chainlink’s Verifiable Random Function (VRF) integration, which improves security in decentralized gaming. Overall, this Chainlink analysis suggests growing ecosystem development and a positive outlook for future price movements. Stellar Price Forecast: Can XLM Jump 360%? The latest Stellar (XLM) price prediction shows great promise, with a potential leap to $2.27 forecasted. Stellar Lumens has already soared 342% in just the past 90 days, driven by strong technical patterns. Analyst EGRAG CRYPTO notes similarities between XLM’s current market actions and its 2020 performance, which sparked a 3,100% rally. Short-term goals for Stellar include breaking the $1 barrier, with key resistance at $0.6355 being critical. The technical analysis reveals a bullish pennant pattern, suggesting a possible rise to $0.7960 and potentially higher. The Stellar price prediction highlights a chance for significant growth, though traders should remain cautious of potential pullbacks as XLM approaches key resistance levels. BlockDAG’s Final Moments in Batch 26 Predict Rise in Value BlockDAG’s presale is drawing to a close for Batch 26, having raised over $171.5 million and sold 17.4 billion BDAG coins, fueling continued excitement around its prospects. With a current price of $0.0234, BDAG offers traders a rare chance before an expected price rise in Batch 27. Early supporters have experienced a 2,240% ROI, bolstering the view of BlockDAG’s potential as a top contender for the best crypto of 2025. BlockDAG leverages cutting-edge Layer 1 technology, blending WebAssembly (WASM) and Ethereum Virtual Machine (EVM) compatibility, which attracts both developers and large-scale interests. The recent release of Whitepaper V3 outlines ambitious plans to transform decentralized applications, backed by a clear supply limit of 150 billion coins. In tandem with Whitepaper V3, a new Litepaper was issued, enhancing community involvement by detailing the innovative Proof of Work (PoW) and Directed Acyclic Graph (DAG) technologies that underpin BlockDAG’s expandable network. As the presale moves into Batch 27, the price of BDAG is expected to jump from the present $0.0248 per coin, presenting traders with a fleeting opportunity to buy at a lower price before the increase. This transition is also sparking significant interest from large entities, positioning BlockDAG as a pioneering force in the cryptocurrency market. Catch the Prime Crypto Pick for 2025! As Chainlink’s technical analysis shows a promising climb to $34 and Stellar’s price predictions suggest a potential 360% increase to $2.27, the crypto scene is aligning with high-value opportunities. Nevertheless, BlockDAG stands out as the prime pick, with over $171.5 million raised, 17.4 billion coins sold, and a remarkable 2,240% ROI already benefiting early backers. With Batch 26 soon closing and a price increase on the horizon, traders have a limited window to purchase BDAG at the current rate of $0.0234 per coin. As the momentum of BlockDAG’s crypto presale picks up and interest from large-scale entities grows, BDAG is increasingly recognized as the best crypto for 2025! Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu 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 .
A crypto analyst has shared a TD Sequential chart indicating that the Bitcoin price is flashing a major buy signal in the 4-hour time frame. This signal suggests that Bitcoin’s bearish momentum could be waning, making this a potentially critical moment to consider entering the market. Bitcoin Price TD Sequential Flashes Buy Signal A TD Sequential is a unique technical indicator that identifies trend exhaustion and price reversals and indicates buy or sell signals. According to an X (formerly Twitter) post by crypto analyst Ali Martinez, Bitcoin’s 4-hour chart showcases a green “9” candle, signaling a potential buying opportunity. Related Reading: Dogecoin Price Above $10: Historical Data Shows How High DOGE Will Go This Bull Cycle Typically, in a downtrend, the green 9 candle is interpreted as a buy signal, indicating that bearish momentum might be reaching exhaustion and prices could be getting ready for a rebound. Martinez also shows an ”A13” marker on the TD Sequential chart, which represents a countdown phase that tracks 13 additional candles and identifies a stronger trend exhaustion. During a downtrend, the appearance of a TD Sequential A13 often signals a potential decline in a cryptocurrency’s sell-off phase, reinforcing the possibility of a price reversal. Bitcoin’s current buy signal emerged as its price exceeded $94,000. This buy signal suggests an optimal time to enter the market, with the $94,915 price point highlighted as a potential entry for traders aiming to capitalize on a possible Bitcoin price rebound. Although the TD Sequential is an indicator used to identify buy and sell signals, market participants can exercise caution by considering additional factors like volatility, broader market sentiment, and more. If the current buy signal holds, Martinez has predicted that a price rebound can be expected. However, a failure to maintain its current price could lead to further downsides, potentially pushing Bitcoin to its next critical support level. BTC Market Top Set At $168,500 In another more recent X post, Martinez presented a chart of Bitcoin’s price movements, predicting a market top above $168,500 based on the Mayer Multiple. The chart shows Bitcoin price performance based on the Mayer Multiple, which compares BTC to the 200-day Moving Average (MA). Related Reading: Bitcoin Price Above $100,000 Again? Why $99,800 Is An Important Resistance To Break The red line, as seen on the chart, indicates the Mayer MultipLe (MM) at 2.4, while the green line showcases MM at 0.8. Additionally, the blue line is the Oscillator, which tracks the Mayer Multiple over time. Historically, the Bitcoin price tops have coincided with the Mayer Multiple reaching the 2.4 level or higher. Currently, Bitcoin’s Multiple Mayer sits at 1.3845 in the chart. However, if its price continues to rise and the MM reaches 2.4 again, Martinez predicts a market top above $168,500 for Bitcoin. As of writing, Bitcoin’s price is $94,692, meaning a surge to $168,500 would require a significant 78% increase from its present market value. Featured image created with Dall.E, chart from Tradingview.com