The post FTX Founder Sam Bankman Fried To Receive a Presidential Pardon? Truth OR Rumor? appeared first on Coinpedia Fintech News Sam Bankman-Fried (SBF), the former CEO of the defunct crypto exchange FTX, has become the subject of growing rumors surrounding the possibility of him receiving a presidential pardon. With SBF facing a lengthy sentence for his crimes, the speculation grew after Billionaire founder Elon Musk, said he would be “shocked if this doesn’t happen.” SBF To Get Presidential Pardon Failed crypto exchange FTX, whose empire collapsed in November 2022, was convicted on all seven charges after a five-week trial that concluded in November 2023. As a result, SBF was sentenced to 25 years in prison, though the U.S. government had requested a sentence between 40 and 50 years . His legal team had argued for a much shorter sentence of just six years. In response to speculation on X that SBF, the founder of FTX, might receive an early pardon from President Biden, Elon Musk responded: “I will be shocked if this doesn’t happen.” But on the Polymarket, the probability of Biden pardoning SBF is only about 5%.… — Wu Blockchain (@WuBlockchain) December 23, 2024 Despite his conviction, the idea of a pardon has gained attention, mainly because of SBF’s close ties to the Democratic Party. He was one of the biggest donors to the party, which has led some to believe that his political connections might help him get a lesser sentence or even a pardon. The upcoming bankruptcy proceedings for FTX , starting in January 2025, have led some to argue that pardoning SBF could help the country move on from the scandal. Elon Musk Weighs In on the Possibility The speculation surrounding a potential pardon gained further traction after Tesla CEO Elon Musk’s comments on X. Musk tweeted that he would be “shocked if this doesn’t happen,” adding fuel to the rumors. I will be shocked if this doesn’t happen — Elon Musk (@elonmusk) December 23, 2024 The possibility of a pardon may have some credibility, considering President Joe Biden granted pardons to his son, Hunter Biden, on two separate charges despite earlier promises to avoid such actions. Some even pointed to the fact that six charges against SBF were dropped, sparing him a second trial. Polymarket Predict 16% Chances Despite Musk’s confident prediction, the chances of President Biden granting a pardon to SBF seem low. According to Polymarket, a prediction market platform, the probability of a pardon is just 16% . This number indicates that, according to market participants, the chances of such an event occurring are minimal.
Two projects in the realm of cryptocurrencies that have already made innumerable early investors millionaires are Solana (SOL) and Dogecoin (DOGE). While DOGE famously shot from fractions of a cent to over $0.70, generating a tsunami of life-changing money, SOL shot from just a few bucks to its all-time high of $260. For those who missed these tremendous surges, however, the search for the next significant altcoin is ongoing, and this time, the opportunity is here with this RWA crypto coin-Rexas Finance (RXS). Could This $0.15 Crypto Coin Follow Solana and Dogecoin Steps and Create Millionaires? A presale price of merely $0.15 gives Rexas Finance all the indicators of a potential crypto powerhouse. It combines modern blockchain technologies, a special emphasis on real-world asset (RWA) tokenizing, and a strong early investor response that has already seen the project raise millions. Rexas Finance might be the token that fills in where Solana and Dogecoin left off for those ready to guarantee their position before the next bull run. Solana and Dogecoin: Crypto Coins’ Success Stories Solana and Dogecoin success demonstrated how often great cryptocurrency riches result from seeing projects before they take off. Solana swiftly positioned itself as an “Ethereum killer” by providing lightning-fast transactions with low fees, therefore delivering game-changing scalability to the blockchain area. Solana price at the start of the seed sale was $0.04. Early investors who sensed its potential experienced transforming gains when SOL shot through valuation, and now hold nearly 22,138% in profits, with the current price of $184.82 . Conversely, Dogecoin began as a meme but soon became a cultural phenomenon. With viral backing and celebrity sponsorships, DOGE price shot to historic highs, transforming a little investment into millions for those who stayed on long enough. Having been launched at price $0.00026 in 2013, Dogecoin’s value has grown to $0.3157, translating to nearly 56,384.47% in gains Solana and Dogecoin have made their mark on the market, the focus now moves to developing initiatives like Rexas Finance. RXS provides a unique mix of innovation, usefulness, and upside potential for new investors trying to match those returns. Rexas Finance (RXS)The Next Millionaire Maker Rexas Finance is different from your regular crypto coin. Positioned as a crypto game-changer, this forward-looking blockchain project has a clear vision and practical application. Fundamentally, the platform is about real-world asset tokenization—a developing industry projected to rule decentralized finance (DeFi). Rexas Finance closes the distance between conventional finance and blockchain by letting consumers tokenize valuable assets such as intellectual property, luxury products, and real estate. This allows regular investors to acquire traditionally reserved assets for institutions and the ultra-wealthy, opening illiquid markets to a larger audience. Rexas Finance develops an entire ecosystem around this idea, taking it further. Rexas Finance (RXS) Tokenomics While the Token Builder streamlines blockchain acceptance, the Rexas Launchpad gives companies and developers tools to tokenize their assets and initiatives. These characteristics guarantee Rexas is a token and a complete-scale platform with long-term sustainability value. Presale Success Signs Explosive Crypto Coin Potential The presale performance of Rexas Finance clearly shows the buzz around it. At $0.15 right now, RXS has raised an impressive $29.2 million from over 354.4 million sold tokens. This great demand emphasizes the increasing investor trust in Rexas as a project with exponential profits. Given Rexas’s low starting price, there is a significant upside possibility. Like Solana, which started under $1, and Dogecoin, which began as a meme token, Rexas Finance is now in its early years and presents the ideal chance for investors to enter before the price spikes. Once RXS reaches significant exchanges, analysts believe its listing price could cause a significant surge, reflecting the breakout actions of SOL and DOGE. Crypto Pablo , a crypto analyst, highlighted to his approximately 158,000 Youtube followers that Rexas Finance price could soar to $7, after its launch. Additionally, the crypto coin has witnessed whales buying the early-stage cryptocurrency, demonstrating increasing interest from large investors. Crypto Whales Purchased RXS Token Established on Trust and Safety Security is one of the most important aspects of any crypto investment. Hence, Rexas Finance has already satisfied this need. After a comprehensive CertiK audit-a gold standard for blockchain security-the project is guaranteed that its smart contracts are safe and free of flaws. The crypto coin now has listings on two of the most significant sites for monitoring crypto performance, CoinMarketCap and CoinGecko. These development not only improves visibility but also give credibility, therefore indicating that the RWA token is a legitimate enterprise with long-term goals. Final Thoughts: Why Rexas Finance Stands Out? Unlike other speculative tokens, Rexas Finance provides actual value, which helps position it for general acceptance. Solana delivers speed and scalability, while Dogecoin depends on community-driven momentum. Rexas offers something completely different: blockchain tokenization and trading tangible items. Rexas Finance has a unique advantage in the market because of its emphasis on real-world value, which guarantees its staying power beyond the next buzz cycle. Rexas has all the components needed to become the next cryptocurrency to rule the crypto market, combined with its exceptional presale performance, creative environment, and rock-solid security. Although Solana and Dogecoin have already earned their billionaires, the crypto market still needs to finish offering chances for change in life. At around $0.15, Rexas Finance (RXS) is fast rising as the next token with great potential for gains. Early investors of the RWA crypto coin can grab the wealth-building rewards Solana and Dogecoin once produced as we approach the next bull run. The chance exists for individuals still looking to make their next significant investment. The post Could This $0.15 Crypto Coin Be the Next Millionaire-Maker After Solana and Dogecoin? appeared first on CoinGape .
According to data from the London Stock Exchange Group, Bitcoin experienced a decline amidst light holiday trading, struggling to maintain its recent rally above the significant $100,000 mark. This pullback
This year, the most well-known silly currencies (Memecoins) in the crypto industry have performed surprisingly well. Ironically, in some cases, they have even outperformed the market giants, such as Bitcoin, during the infamous November rally following Trump’s victory. For investors who desire to pursue high-profit opportunities in the crypto industry, memecoins remain a significant point of interest. This is due to their potential for both volatility and potential returns. Although memecoins are worth fractions of pennies individually, their total value sometimes runs to billions. Memes are the main direction of 2024 🧐 Alas, while the fundamental is resting, memes are accelerating only on the way. Since the beginning of 2024, the total capitalization of memcoins has increased by $93.73 billion. pic.twitter.com/t6VjY2Rhpp — To The Moon | Altcoin Gems & BTC (@ToTheMoonMemeX) December 3, 2024 Still, according to Binance, memecoins listed in 2024 experienced a large market cap rise of 80%. This has highlighted the high reward potential of memecoins despite their inherent risks. Ben Kurland from DYOR Labs said, “Meme coins are the sugar rush of the crypto world fun, flashy, and easy to digest, but they’re not exactly the healthiest long-term play.” 2024 has proven this statement as people have shown excitement for these coins, leading to a downside of great losses as well. Memecoins outperform other crypto entities Following Trump’s victory, memecoins outperformed the broader crypto market. The aggregate market value of memecoins in crypto increased. Simultaneously, the trading volume in the sector also increased by more than 200%. Memecoins market cap growth trend. Source: Coinmarketcap The recent increase in activity has taken the total market cap of the category to $120 billion. Price and market cap data about DOGE, SHIB, PEPE, BONK, and FLOKI. Source: Zebpay Dogecoin, the original memecoin, tops the list. It has gained popularity and has experienced nearly a 233% increase in value over the past year 25%. However, the memecoin’s price has decreased since last week, with a current price of $0.31. On Friday, Dogecoin experienced its most precipitous decline in over a month, reaching a low of $0.267. Notably, memecoin NEIRO has seen amazing growth, with its market capitalization increasing by 7,594%. In addition, the Bonk (BONK) memecoin also made headlines by breaking its all-time price record, reaching a new high of $0.000057. This allowed it to reclaim its position as the leading memecoin in the Solana ecosystem. Bonk’s price increased by more than 72% in a week. Bonk’s competitor in the Solana ecosystem, Dogwifhat, also surged by 13.7%. The token is a notable participant in the memecoin sector with a market cap that peaked at approximately $2.99B as of its most recent performance. It reached an all-time high of $4.83 earlier this year and is currently trading at approximately $1.9. Sentiment in the crypto market regarding the potential for a crypto-friendly business environment in the wake of Trump’s victory in the US presidential election was reflected in the rally in memecoins. A vast majority of memecoins were created this year, and this figure is expected to continue to rise. 2025 memecoins predictions There is speculation that Dogecoin may experience exceptional growth during a Donald Trump presidency, following the announcement of Elon Musk’s appointment to the “Department of Government Efficiency” (D.O.G.E.), which is famed for its abbreviation. Dogecoin price projections are within a high-risk range of $0.39 to $0.25. In the meantime, certain crypto analysts predict that Dogecoin may reach $0.1131 by mid-2025 and $0.1228 by the year’s closure. Also, Changelly predicted that by 2025, SHIB’s price will fluctuate between $0.0000149 and $0.0000247, with an average trade price of roughly $0.0000345. Based on the current pricing, this represents a possible return on investment of approximately 23.5%. In addition, Dogwifhat’s average price is anticipated to fall within the $5.39 to $14.72 range by 2025. Some optimistic predictions indicate that it may continue to increase. It is anticipated that January will be the most significant month for WIF, with prices potentially increasing by 392.39% in comparison to their current value. Still, Bonk (BONK) is expected to fluctuate between $0.00008783 and $0.000239. The average price for the year is anticipated to be approximately $0.000138. January has the potential to be the best month for BONK, as its value could increase by 409.53% compared to its current price. Memecoins reigned supreme in 2024. How many were actually success stories? An ever-increasing majority of memecoins fail, regardless of whether they are promoted by social media influencers, created on Pump. fun, or even if they gained popularity through the mere magic of memes. More than 75% of memecoins were created in 2024, and over 97% are dead. According to a study conducted by CoinWire, only 1% of influencers have been able to increase the value of a memecoin by tenfold. Additionally, only 3% of memecoins that are promoted by influencers will ever attain a 10x increase. The research, which analyzed 1,500 tokens promoted by 377 American Twitter influencer accounts, discovered that 76% of these influencers promoted defunct meme token projects, and 86% of those projects experienced a 90% decline within three months. The saturation of the market is of no concern to memecoin creators and investors. It pertains to the use of the present moment, with minimal regard for the future. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Kiyosaki warns of a looming global economic downturn. He highlights the importance of gold, silver, and Bitcoin for investors. Continue Reading: Robert Kiyosaki Warns of Impending Global Economic Downturn The post Robert Kiyosaki Warns of Impending Global Economic Downturn appeared first on COINTURK NEWS .
The post Solana Traders Make Exit Before $185 Support Breaks: Bearish Wave Sparks $500K Rotation Into DTX Exchange appeared first on Coinpedia Fintech News Solana (SOL), one of the top Layer -1 blockchains, is under tremendous selling pressure as the cryptocurrency market tumbles. The price is dangerously close to the $185 support level, and as a result, traders are getting out of their positions since this is the line to a downward spiral. In this uncertainty, the DTX Exchange (DTX), a new kind of hybrid trading platform, has been taking the headlines and brought in $500K in freshly raised capital from a bunch of investors wanting a place that is safer and shows more promise. Solana A Critical Moment in SOL Price As a high-speed blockchain with a friendly ecosystem for developers, Solana has been a perennial presence in the top cryptos. However, $185 support has become the next big battleground for bulls and bears alike, as the SOL price momentum has petered out substantially over the past few weeks. At the time of writing, the SOL price is down notably from its monthly highs. If the $185 level doesn’t hold, analysts say, the next stops could be $170—or lower. As the bearish outlook continues, sentiment among investors to buy has taken a knock, prompting many to cut Solana positions and switch to other assets. However, Solana remains a blockchain space leader supporting a plethora of decentralized (dApps) while having a substantial total value locked (TVL) of $8.214 billion. However, with a decline in the SOL price and market sentiment being bearish, capital is flowing into more promising new projects, like DTX Exchange, which shows that people are becoming more and more inclined to diversify. DTX Exchange: The $10 Million Presale With Huge Inflows While the SOL price struggles, new capital has rotated to a brand new crypto exchange. DTX Exchange acts as a next-generation hybrid trading platform melding the best features of centralized (CEX) and decentralized (DEX) exchanges to allow users to trade diverse asset classes ranging from cryptocurrencies to stocks and commodities through its revolutionary interface. With a recent $500k rotation to DTX, this trailblazing presale has raised more than $10,000,000 in presale funding. Key features of DTX Exchange that prompted this inflow: VulcanX Hybrid Blockchain: VulcanX is at the heart of DTX, a proprietary Layer 1 blockchain that aims to bridge between traditional finance (TradFi) and decentralized finance (DeFi). By implementing this unique system, users can effortlessly trade over 120,000 asset classes on one single platform. Unmatched Growth Potential: DTX boasts a very affordably priced token, set at $0.12 during its presale phase. With its disruptive tech and strong adoption trajectory, analysts are predicting an impressive 15x rally post-launch. Advanced Trading Tools: DTX provides institutional-grade features, such as non-custodial storage, real-time analytics, social trading, and automated bots, to everyday traders. These tools allow users to get higher returns without losing control over their assets. Massive Market Opportunity: DTX has set its sights on a $170 billion global trading market and is well positioned to seize the growing shift towards hybrid trading solutions to become a game changer. Conclusion: A Shift in Market Dynamics Due to the current market turbulence that arose around the SOL price, the crypto scene is opened to new projects like DTX Exchange to move the investor’s attention. DTX has quickly become a top choice for both a stable and growth-oriented type of speculation in this climate. With a robust community backing and its powerful tools, DTX is a one-of-a-kind opportunity to stay agile as the market evolves. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community
The current cryptocurrency landscape is experiencing pivotal moments, particularly with XRP as traders assess its potential for a significant price rebound. Despite recent volatility, XRP’s capacity to recover suggests resilience
Toncoin (TON) price trades in the woods like most crypto assets following the recent pullback. Generally, the network’s skyrocketing growth this year has led to bulls circling in, acquiring assets as on-chain factors flip green. Market commentators have projected price bottoms and peaks alongside this week’s bear trading. On-chain analysts have hinted at a possible 280% TON price growth within current levels, being a local bottom. The yearly simple moving average (SMA) heatmap shows a price of $5.14, representing a cool zone for a further rebound. The asset has made several gains this year and remains a major driver of another bull swing. Historically, the TON price has only dropped below this average during the best market, and present levels signify a bottom due to the bull season. In recent months, TON has seen institutional flows as bulls look towards higher gains. This year, the asset is up 146% with expanding volumes and market-moving partnerships. Last week, Hong Kong’s broker OSL Digital Securities announced support for Toncoin to its OTC offerings. The move opens a channel for professional brokers to trade the asset against USD, USDT, and HKD. According to the statement, this follows the firm’s vision to expand its crypto offerings in the region to create market opportunities. A Price Jump to $19.53? The targeted bull scenario might see the TON price soar to $19.53 as institutional investors propel gains. At press time, the asset exchanges hands at $5.41, showing slight signs of recovery after low trading this week. Drawing references from the SMA365 heatmap, TON might see three price levels at different cycle stages. Per the report, the price will tap $8.74 before surging to $15.93 and a further $19.53. “ Analyzing these levels, TON has an initial potential to surge by up to 280% in an altcoin bull market. Additionally, it’s important to note that the price heatmap metric is based on a moving average. This means that during a bull cycle, as prices rise, these target levels are likely to increase correspondingly,” CryptoQuant added. Most whales are motivated by the wider market positions ahead of next year’s bull peaks. Ethereum and Solana have seen similar projections to new levels based on on-chain and institutional factors. XRP is also expected to move in the same direction alongside meme coins.
On December 23rd, COINOTAG News reported that Binance has acknowledged user feedback concerning the **circulating supply** data showcased on both its app and official website. In a proactive step, Binance
The post Highest Upside Altcoin Already Up 36,000% in 2024: Could Mirror Solana’s Surge From Last Bull Run After Listing appeared first on Coinpedia Fintech News 2024 has kept the cryptocurrency market on fire with explosive price movement and roaring interest from investors. A standout of the performers has to be the DTX Exchange (DTX) token, which has already raised so much traction early on before listing. Market analysts and crypto enthusiasts are now speculating whether DTX could replicate the meteoric rise of Solana (SOL) from the historic 2021 bull run. Let’s explore DTX’s growth, propelled by different market factors like the general market bullish sentiment among investors looking for the next big opportunity, and how it might deliver massive upside potential, much like Solana’s legendary surge. Solana’s (SOL) Meteoric Rise: A Case Study in Crypto Explosions Such have been the standards set by Solana’s bull run, that all the fresh altcoins look to emulate it. The blockchain platform, which is fast gaining prominence for unmatchable transaction speeds and low fees, shot up from under $1 in January 2021 to an all-time high of $264 by November of the same year. That comes to a whopping 26,000% growth in under a year. Among the architects of the SOL price increase were its revolutionary blockchain architecture, rapid developer adoption, and strategic listings on the major exchanges. As Solana’s attraction was built on its understanding of scalability in blockchain, it was viewed as the new darling of DeFi and NFT platforms alike. Years on from that historic period, Solana’s price is currently not at that level, experiencing a severe drop in the past few days and standing at $183. So investors are now eyeing DTX Exchange, which has shown similar growth potential. Could it be the next to go on that type of 2021 Solana run? DTX Exchange’s (DTX) Gains Potential is Through the Roof In a very short time, DTX Exchange is becoming a top trading platform, merging traditional financial assets with cryptocurrencies. This was the first platform with the capability for seamless trading across multiple asset classes – providing over 100,000 trading instruments and privileges up to 1,000 times in leverage. Such a pioneering approach has earned a place for DTX with more than 200,000 members in late 2024. The platform’s innovative features, such as the Phoenix Wallet for multi-asset holdings and plans to tokenize real-world assets (RWAs), set it apart in the crowded crypto landscape. DTX’s presale has been a massive hit, raising around $10 million, generating up to 36,000% as an ICO in 2024. And its potential to generate profit for investors is just as massive. Early investors also benefit from incentives such as profit-sharing and voting rights, further driving demand. The current price of its presale token is 0.12 at its sixth stage, meaning early investors from the first stage have already recorded 500% in profit. And there are speculations putting the token’s price at $0.2 by the time it lists, meaning people who invest from this point could stand to gain by 66%. DTX’s potential after listing is very promising as well, with the token having tons of utility on the trading platform that is fast becoming popular among investors. The platform has passed a detailed SolidProof audit and is listed on CoinMarketCap. That focus on security and transparency boosts investor confidence and positions DTX well to attract institutional investors, much like Solana did. As DTX continues to gain traction, it could very well replicate Solana’s legendary rise, delivering life-changing returns for early investors. For those who missed out on that, DTX offers a second chance to get in early on a project with massive potential. DTX Exchange is not just another altcoin project; it is a transformative platform that bridges the gap between traditional and digital finance. For information about DTX Exchange (DTX), visit these links: Visit Website Buy Presale Join Community