Alliance DAO partners recently expressed concerns in a podcast about potential risks to Bitcoin’s price over the next four years, especially if it falls below $58,000. This figure is believed to be close to the liquidation threshold for MicroStrategy, the publicly traded company that owns one of the largest Bitcoin reserves. MicroStrategy, led by Michael Saylor, has accumulated over 150,000 BTC, representing about 3% of the total Bitcoin supply. According to the podcast, Saylor’s average Bitcoin purchase price is estimated to be $58,000. If Bitcoin falls below this level, the company could face significant liquidation risks. Related News: Binance Founder CZ Reveals the Country with a Huge Amount of Bitcoin: “Twice as Much as the US” Podcast participants speculated that such an event could potentially lead to a financial crisis “100 times larger” than the collapses of Terra Luna and FTX, both of which sent shockwaves through the cryptocurrency market. On the bright side, the podcast also outlined a rather optimistic scenario where Bitcoin rises to $500,000. Such a price increase would not only validate MicroStrategy’s bold strategy, but it could also make Michael Saylor the richest person in history. A Bitcoin price of $500,000, combined with MicroStrategy’s Bitcoin holdings, could make Saylor the first trillionaire in human history. Michael Saylor has been a strong advocate of Bitcoin, often describing it as “digital gold” and a long-term hedge against inflation. *This is not investment advice. Continue Reading: Analysts Discussed: “Bitcoin Should Never Go Below This Level, Crash Could Be 100 Times Worse Than FTX and LUNA Crashes”
This week, the crypto industry will likely experience lower volumes amid the holiday season. Still, there are plenty of trends to track. Here are some of the top cryptocurrencies to watch this week. Hyperliquid price rally gains steam Hyperliquid ( HYPE ), which airdropped on Nov. 29, surged to a record high this week. On Sunday, it hit a high of $35.18, up from the airdrop listing price of $11, bringing its cumulative gains to almost 200%. Its market cap has jumped to $9.2 billion, and its fully diluted valuation to $33.7 billion. Hyperliquid’s performance is likely because of its strong market share in the decentralized perpetual trading industry. Data compiled by DeFi Llama shows that Hyperliquid handled perpetual futures volume of $52 billion in the last seven days. Jupiter, the second-biggest player in the industry, had a volume of $8.7 billion, while SynFutures processed $6 billion. Hyperliquid’s total value locked in its DeFi ecosystem also peaked at $3.4 billion, up from $188 million in October. Technically, HYPE price needs to rise above $34.8 to confirm the bullish breakout. This price is both its all-time high and the upper side of the ascending triangle pattern. A move above that level will point to more gains — possibly to $40. HYPE price chart | Source: crypto.news Hyperliquid was launched by Jeff Yan, the founder of Chameleon Trading. Horizen surges to 2022 highs Horizen ( ZEN ) price will be in the spotlight this week as the privacy-focused tokens continues soaring. It has risen in the last four consecutive days and surged to its highest level since May 2022. ZEN token jumped because Grayscale launched a Horizen Trust, which will give investors access to the coin. It was also listed on Gains Network, a decentralized derivatives trading platform built on the Polygon network. Investors cheered its final halving event on Dec. 12. Technicals point to more Horizen price gains since it formed a strong bottom at $6.30. It has risen above the important resistance level at $18, its highest swing on March 11. More gains could see it rise to the 23.6% retracement level at $45, which is 53% above the current level. Horizen price chart | Source: crypto.news Horizen, originally known as ZenCash, was founded by Rob Viglione and Rolf Versluis in 2017. Immutable X price drops ahead of token unlock The third coin on this week’s list of top cryptocurrencies is Immutable X ( IMX ). The token’s price has suffered a harsh reversal and moved to its lowest level since Nov. 21. Immutable, a blockchain company based in Sydney, Australia, will be in the spotlight this week as the network unlocks over 24.5 million IMX tokens valued at over $33 million. These unlocks are part of Immutable’s tokenomics, which sees a similar number of coins released in the market each month. Immutable now has 1.69 billion IMX tokens in circulation against a supply cap of 2 billion. According to CoinMarketCap , the final unlock will happen in November 2025. The IMX token, the Ethereum Layer 2 solution for NFTs and gaming, has retreated below the major S&R pivot point of the Murrey Math Lines at $1.5625. It is now approaching the ultimate support at $1.1720, which coincides with the ascending trendline that connects the lowest swing since August. Therefore, odds are that the coin will continue falling ahead of the unlock event on Dec. 27. IMX chart | Source: crypto.news Immutable X was founded by James Ferguson, Robbie Ferguson, and Alex Connolly in 2018. Other top cryptocurrencies to watch Upcoming token unlocks include Ethena ( ENA ), Cardano ( ADA ), Optimism ( OP ), and Sui ( SUI ). Read more: Chainlink price double bottoms as whales accumulate
As the crypto industry experiences lower volumes, here are our top cryptocurrencies to watch this week: HYPE, Horizen and IMX.
Price target of $6 predicted if this historical pattern repeats
The post UAE Holding $40 Billion Worth Bitcoin? Truth or Rumor? appeared first on Coinpedia Fintech News Recent chatter in the crypto world has revolved around a bold claim that the United Arab Emirates (UAE) recently witnessed its Bitcoin holdings reach an impressive $40 billion. Perhaps prominent crypto commentator Bitcoin Archive raises questions over this news citing the lack of evidence supporting this bold news. Did the UAE’s Bitcoin holdings truly surge to $40 billion, or is it just a rumor? let’s find it out. UAE Bitcoin Holdings Reach $40 Billion The UAE’s Bitcoin holdings have reportedly reached $40 billion, showcasing its growing interest in cryptocurrencies. This surge aligns with a global crypto bull market and reflects the UAE’s focus on fostering a crypto-friendly environment. Initiatives like the cryptocurrency center in Dubai have supported blockchain startups, boosting Bitcoin reserves in the country. Experts believe the UAE will continue expanding its Bitcoin holdings, setting an example for other nations and encouraging institutional investments in Bitcoin. However, earlier Binance’s Former CEO CZ hinted that UAE secretly is increasing its bitcoin reserve. No Evidence to Support the Claim Bitcoin Archive recently pointed out the news provided by Bitcoinist about the United Arab Emirates (UAE) bitcoin holding. However, the Bitcoin Archive says they didn’t provide any credible sources, links, or supporting evidence to validate the $40 billion Bitcoin acquisition. The "Bitcoinist" website picked it up and stated it as a fact. No sources cited, no links, nothing. Search results return nothing. This would be HUGE news that is widely reported, especially in light on the USA Strategic Reserve commitment by Trump. The headlines make absurd… pic.twitter.com/RUKBsTinzp — Bitcoin Archive (@BTC_Archive) December 22, 2024 After searching for trustworthy information, the Bitcoin Archive found no confirmation of such a purchase. They explained that a move as big as this would make global headlines, especially since the UAE has a major impact on the crypto market. They also mentioned the ongoing discussion about Bitcoin’s role in financial reserves, such as former President Trump’s idea of a U.S. Strategic Reserve. Questions About the News Bitcoin Archive also criticized the article on “Bitcoinist.” They noted that it had a flashy headline but lacked any credible details. The author of the piece also did not provide any background information, which further raised doubts about the report’s authenticity. UAE’s Growing Bitcoin Boom Between 2023 to June 2024, the UAE saw a massive $34 billion flow into cryptocurrencies, marking a 42% jump from the previous year. Bitcoin has emerged as a key player, holding 19% of the market share, while stablecoins like Tether make up 51%. Tether even plans to launch a dirham-backed token , showing the UAE’s focus on digital assets. By 2025, crypto users in the UAE are expected to reach 3.78 million. A report also shows that 72% of UAE residents had invested in Bitcoin by early 2024, with big funds and institutions driving this growth. The UAE is quickly becoming a key player in the crypto world.
Key takeaways: The Graph price prediction anticipates a high of $0.2446 by the end of 2024. In 2027, it will range between $0.710 and $0.884, with an average price of $0.736. In 2030, it will range between $2.14 and $2.70, with an average price of $2.22. The Graph offers access to competitive and cost-efficient decentralized data sets. The network boasts a 99.99% uptime and 24/7 availability. Central to The Graph’s operations are subgraphs, APIs that organize and serve blockchain data to data consumers and developers. The Graph has over 100 indexer nodes, 1.23 trillion served queries, and over 70,000 hosted projects. The GRT token acts as an incentive mechanism for the Graph Network. It incentivizes network participants to provide data to end users and organize it effectively. So, how high will GRT go? Is it a good investment? What will be its price in 2025? The following sections explore these questions and more. Overview Cryptocurrency The Graph Ticker GRT Current price $0.2119 Market cap $1.96B Trading volume $89.8M Circulating supply 9.54B GRT All-time high $2.88 on Feb 12, 2021 24-hour high $0.2138 24-hour low $0.2005 The Graph price prediction: Technical analysis Metric Value Volatility (30-day variation) 22.14% 50-day SMA $ 0.188 200-day SMA $ 0.205 Fear and greed index 76 (Extreme Greed) Green days 20/30 (67%) Sentiment Bullish The Graph price analysis: BNB upgrades to $0.2119 amidst upside Key takeaways: Binance Coin price analysis confirmed an uptrend at $0.2119. Cryptocurrency has lost up to 0.33% of its value during the day. BNB coin prices are targeting the next resistance around $0.3587. On December 22, 2024, Binance Coin price analysis revealed an increasing trend for the cryptocurrency. BNB/USD value has stepped up to a $0.2119 high in the last 24 hours. From an overall perspective, the cryptocurrency lost up to 0.33% of its value during the day. Despite the strong bearish tide in the earlier weeks, today the market trends remained bullish. The Graph 1-day chart analysis The one-day price chart of Binance Coin confirmed an upward market trend for the cryptocurrency. Cryptocurrency value has improved up to $0.2119 high in the past 24 hours. As the volatility is expanding, there is a low chance of reversal in the market events. The distance between the Bollinger bands determines the market volatility. The Bollinger bands are widening, leading to an increasing volatility. Moving on, the upper limit of the Bollinger Bands indicator has shifted to $0.358, indicating resistance. Whereas, its lower limit has moved to $0.1924, indicating the available support. GRT/USD price chart. Image source: TradingView The Relative Strength Index (RSI) indicator is present below the neutral area. Its value has stepped up to index 37.60 in the past 24-hours. The increasing curve on the indicator’s graph refers to a bullish supremacy. The buying activities remained considerably high as compared to the selling activities. Today’s upturn signifies a relatively stable market for the cryptocurrency investors. The Graph 4-hour chart analysis The four-hour price analysis of The Graph confirmed an increasing trend for the cryptocurrency. GRT/USD value has recovered up to $0.2119 high over the past few hours. Green candlesticks on the four-hour price chart signify an upward momentum. The Bollinger bands are converging, referring to a declining volatility. This decline in the volatility signals a lower market unpredictability in the approaching hours. Moving on, the upper Bollinger band has shifted to $0.2339 high, indicating the resistance point. Whereas, the lower Bollinger band has moved to $0.1920, signifying the support. GRT/USD price chart. Image source: TradingView The RSI indicator is present within the neutral area. Its value has increased up to index 42.61 in the last four hours. The buying activities intensified during the day, resulting in a considerable recovery. If the bullish momentum continues to accelerate, the market can enter a period of stability. Today, however, the bulls remained on the ruling end since the early hours of the day. The Graph technical analysis: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.246 BUY SMA 5 0.261 BUY SMA 10 0.252 BUY SMA 21 0.231 BUY SMA 50 0.188 BUY SMA 100 0.173 BUY SMA 200 0.205 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.223 BUY EMA 5 0.205 BUY EMA 10 0.187 BUY EMA 21 0.176 BUY EMA 50 0.168 BUY EMA 100 0.175 BUY EMA 200 0.192 BUY Is The Graph a good investment? The Graph rivals some Web2 data oracles for its efficiency and low costs. GRT, its native token, however, remains a victim of general market dynamics and high volatility. The current sentiment is bearish, with predictions pointing to higher price growth. What can we expect from GRT price analysis next? The Graph price analysis gives out a bullish prediction regarding the current market trends. Coin value has climbed up to $0.2119 over the period of the past 24-hours. However, if we talk about the overall market sentiment, then it remains on the negative side. The cryptocurrency has lost 0.33 percent of its value inline with the earlier downside. Technical indicators are giving out a bearish verdict with regards to the market scenario. However, the price charts continue to give out a bullish signal as an upturn was observed today. Why is GRT up? The Graph has returned to the highest trading levels of this year, the crypto market capitalization is also at its highest. The increase in the Graph’s value could be attributed to the general bullish market sentiment. However, the past few weeks proved to support the bears, as the selling pressure remained substantially high. Will GRT recover? The Graph is recovering this month, and the current resistance could be crucial to sending GRT to previous highs. Will GRT reach $1? Yes, GRT should rise above $1 in 2027. In that year the price will range between $0.8744 and $1.03. WIll GRT reach $10? According to the Cryptopolitan price prediction, it remains unlikely that GRT will get to $10 before 2030. WIll GRT reach $100? Per the Cryptopolitan price prediction, it remains highly unlikely that GRT will get to $100 before 2030. Does GRT have a good long-term future? Per the Cryptopolitan price predictions, GRT is set to trade higher in years to come. However factors like market crashes or difficult regulations could invalidate the bullish theory. Recent news/ opinions The Graph is introducing a new data standard for web3, GRC-20. This proposed common language for web3 data aims to standardize information across different blockchain platforms, similar to how ERC-20 standardized tokens on the Ethereum network. Information is data that has been decoded and interpreted into a useful structure. Standardized structures for information helps devs know what fields to expect when sharing data, enabling them to achieve more value from the info available to them. — The Graph (@graphprotocol) December 3, 2024 The Graph Network announced that they have made another major upgrade to the protocol with the release of TAP (Timeline Aggregation Protocol.) TAP transforms payments for Indexers, driving greater scalability & decentralization. TAP also reduces reliance on trust between gateways and Indexers, improving decentralization according to the network claims. The network said that Indexers can now manage payment receipts directly, streamlining the process. Read more about it here . The Graph price prediction December 2024 A break above resistance is critical to ending The Graph’s bear run this month. The price will range between $0.170 and $0.344 and average at $0.243 as per current The Graph sentiment. Month Potential low ($) Potential average ($) Potential high ($) December 0.170 0.243 0.344 GRT price prediction 2024 As the third quarter of 2024 unfolds, GRT will likely recover to previous highs. The coin will trade between $0.215 and $0.244. The average price will be $0.237. Year Potential low ($) Potential average ($) Potential high ($) 2024 0.215 0.237 0.244 GRT price prediction 2025-2030 Year Potential low ($) Potential average ($) Potential high ($) 2025 0.346 0.355 0.399 2026 0.499 0.516 0.597 2027 0.710 0.736 0.884 2028 1.03 1.07 1.22 2029 1.53 1.59 1.82 2030 2.14 2.22 2.70 The Graph price prediction 2025 The Graph price forecast for 2025 sets the high at $0.399. However, in the case of a market correction, the GRT price will rest at a minimum of $0.346 and an average of $0.355. The Graph price prediction 2026 The year 2026 will experience more bullish momentum. As per the Graph GRT price prediction, it will range between $0.499 and $0.597, with an average trading price of $0.516. The Graph price prediction 2027 The Graph prediction climbs even higher into 2027. According to the prediction, it will range between $0.710 and $0.884, with an average price of $0.736. The Graph GRT price prediction 2028 The analysis suggests a further acceleration in GRT’s growth by 2028. As per the GRT price prediction, the price of The Graph will range between $1.03 and $1.22, with an average of $1.07. The Graph price prediction 2029 According to the GRT price prediction for 2029, GRT’s price will reach a maximum and minimum of $1.82 and $1.53, respectively, with a year-round average Graph’s price of $1.59. GRT price prediction 2030 The Graph for 2030 suggests a minimum price of $2.14 and highest of $2.70 and an average price of $2.22. This long-term prediction hinges on GRT’s rising global adoption and recognition. Demand surges as more users and systems incorporate the GRT token, increasing its value. The Graph Market price prediction: Aalysts GRT price forecast Platform 2024 2025 2026 Digitalcoinprice $0.38 $0.45 $0.67 Changelly $0.41 $0.39 $0.57 Gate.io $0.26 $0.28 $0.29 Cryptopolitan’s GRT price prediction Our predictions show that GRT will achieve a high of $0.2446 in the second half of 2024. In 2025, it will range between $0.3462 and $0.3995, with an average of $0.3557. In 2030, it will range between $2.14 and $2.70, with an average price of $2.22. Note the predictions are not investment advice. Seek independent professional consultation or do your own research. The Graph historic price sentiment Yaniv Tal, Brandon Ramirez, and Jennus Pohlman launched The Gaph on the Ethereum blockchain in 2018. In June 2020, The GRaph held its private token sale, raising $5 million. Some participants included Multicoin Capital, Digital Currency Group, and DTC Capital. The public sale, which took place in October 2020, raised $12 million. Each token sold for $0.03. The mainnet launched in December 2020. In January 2021, another sale led by Tiger Global Management raised $50 million. Looking back, GRT had its best performance in 2021, when it registered its all-time high at $2.88 on February 12, 2021. In Feb 2022, venture capital firms DCG, Milticoin Capital, NGC ventures, Gumi Cryptos Capital, and Hashkey announced the launch of a $205 million ecosystem fund, The Graph Protocol. In preceding years, GRT consistently traded below $0.7. In 203, it fell below $0.2 as per historical data. GRT started recovering in 2024, breaking above $0.4 at its highest, reaching $0.45 in March. It later corrected, and in July, it fell below $0.20. At the start of August 2024, GRT/USD dipped to $0.1280 but it spiked up to $0.1767 by August 24, before dipping once again to $0.1300 level in September. In October 2024, GRT continued a slow downfall by closing the month at $0.1470, but it’s value improved over the entire month of November reaching $0.281. In December GRT/USD pair is trading near $0.296 level.
Layer-1’s are arguably the best risk-to-reward plays in the entire cryptocurrency space. Binance Coin, emerging as a major winner in the 2021 bull run, is still a top five layer-1 despite increasing competition. Here’s why Binance Coin will likely remain a top ten asset by the end of the 2025 bull run. Investors In Binance Coin Can Expect Bullish Long-Term And Short-Term Price Action Binance Coin is positioning itself for a major breakout as the crypto market surges, with BNB trading at $712 following a steady climb past the $700 psychological mark. The recent recovery in Bitcoin, which hit a new all-time high weekly close around $107,000, has sparked increased buying pressure across the market, providing favorable conditions for Binance Coin to test key resistance levels as altcoin season looms on the horizon. Binance Coin’s steady growth remains a testament to the strength of its ecosystem, thriving despite its lack of hype on social media and the legal woes of CZ this year. Unlike many of its rivals, Binance Smart Chain benefits from deep liquidity, an expansive DeFi network, and its ties to Binance, the world’s largest cryptocurrency exchange. This competitive advantage has allowed Binance Coin to sustain strong demand even as alternative layer-1 blockchains see fluctuating performances such as Toncoin. Recent rallies also highlight its resilience amid market volatility. The coin has maintained its upward momentum despite previous bearish signals, holding steady at the support level around $720. If Binance Coin can successfully break past its previous all-time high of $794, it would signal renewed investor confidence and further solidify Binance Coin's role as a leading layer-1 token in its second sequential bull cycle after dominating in the notorious 2021 run. However, traders remain cautious of potential short-term pullbacks, which are currently rife within the market as Bitcoin dominance continues to suppress the price action of altcoins like Binance Coin. Despite this risk, Binance Coin’s long-term outlook remains positive, bolstered by its dominant position in the layer-1 space, ongoing development of the Binance Smart Chain, and continued investor confidence. As the bull market intensifies upon an ever-encroaching alt-coin season, Binance Coin appears well-positioned to reclaim its spot among top-performing layer-1 tokens and set new price milestones despite rampant competition from the likes of Tron, Sui, Cardano, and Kaspa. For investors seeking massive returns, however, the new presale gem Remmitix may be a lucrative gem to look out for, effectively utilizing advanced crypto technology to solve a major issue pertaining to cross-border payments. Discover Why Remittix Could Surge By 800% During Its Presale Imagine sending money across borders as easily and affordably as sending a text. Remittix brings this vision to life by merging blockchain technology with traditional finance to simplify global payments. Traditional systems such as “Swift” are plagued by delays, hidden fees, and complex processes. Remittix, on the other hand, provides a seamless alternative that combines the speed of crypto with the everyday convenience of fiat payments, minimizing burdens and fees while maximizing convenience. What sets Remittix apart even further is its ability to integrate both fiat and cryptocurrency seamlessly. Unlike platforms such as Stripe or Coinbase, which specialize in one or the other, Remittix bridges the gap, allowing users to send funds in crypto which can instantly be converted into fiat. Beyond its financial incentives, Remittix provides real-world solutions for businesses and individuals alike. Businesses can leverage the Remittix Pay API to accept crypto payments and settle transactions in fiat, offering flexibility and simplicity in managing global finances. Meanwhile, individuals benefit from instant and affordable cross-border transactions. The RTX token is currently in presale at a price of $0.015, offering early investors a chance to secure significant returns. Audited by top blockchain firms like Solidproof and BlockSAFU, bullish projections suggest an 800% increase during the presale and up to 5,000% upon the official launch. For those seeking to get in early to an innovative project, Remittix presents a promising opportunity with massive growth potential. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
On Sunday, Dec. 22, 2024, bitcoin’s price dropped under the $96,000 mark, hitting a low of $95,135 per unit. This dip comes after bitcoin soared past the $100,000 milestone earlier this month, marking an impressive run for the cryptocurrency. Traders Cash In, Bitcoin Tanks to $95K in Sunday Sell-Off Analysts chalk up the recent price
Veteran investor Tom Lee says investors are better off remaining bullish on markets despite the recent correction in equities and other risk assets. In a new interview on CNBC, Fundstrat’s head of research says that the correction in equities – which saw the S&P 500 dip from above 6,000 to 5,832 – is likely an opportunity for investors to go long rather than stay cautious. “This is another buying opportunity in our view. 2024 has proven to be a year where the market’s been strong and it has eluded many opportunities for sustained weakness. I know [December 18th’s] pullback was really painful, but to us, I think the fundamental supporting stocks are intact and I think it’s a good opportunity for investors here.” Lee notes that the volatility index (VIX) – which measures the stock market’s expectation of volatility based on S&P 500 index options – rose sharply on December 18th. He says that historically, such a rapid rise has correlated with market bottoms. “The market has been bleeding lower. If you look at internals for the last ten days, [December 18th] looks capitulatory because not only did we have a 90% down day, but the VIX exploded by 75%. There are only four times in history where it’s risen 60% in a day, so [December 18th] was the fifth time in its 35-year history. Of those four times, the market recovered all of its losses within a week three out of the four times. The fourth time it took a month. So I think what you had was people panicking to get out of a momentum trade that’s ending because we’re so close to year-end. But here’s the interesting thing. The forward VIX-futures curve barely moved. So it was almost as if people were seeking protection through the VIX on [December 18th].” As of Friday’s close, the S&P 500 traded at 5,930 points. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Fundstrat’s Tom Lee Says Recent Market Dip an Opportunity for Investors – Here’s Why appeared first on The Daily Hodl .
U.S. Senator Cynthia Lummis recently reinforced the intention of extending faculties to the Federal Reserve to purchase and own bitcoin as part of its reserve assets. Lummis stated that the U.S. debt can be repaid through a bitcoin strategic bitcoin reserve, as proposed in her BITCOIN Act. US Senator Cynthia Lummis Proposes Allowing the Federal