Despite a surge in cryptocurrency adoption, Robinhood’s refusal to hold Bitcoin raises questions about its strategic positioning in the market. Robinhood has decided not to hold Bitcoin as an investment.
In a very genial nod to Bitcoin, Cramer asked about the new administration’s plans for crypto and, in his question, drew a comparison to the U.S. strategic petroleum reserve. Will the White House push for something like that? “Yeah, I think so,” Trump answered. But the rest of his answer really showed an understanding of the cryptocurrency sector’s importance to the global economy in terms of first principles. That may be the influence of tech engineer and government efficiency advisor Elon Musk, who is famous for saying , “I think it’s important to reason from first principles rather than by analogy.” Trump Tells Jim Cramer’s About Crypto “We’re going to do something great with crypto,” Trump told Kramer. “Because we don’t want China or anybody else— others are embracing it and we want to be the head. We want to be the head of AI. We’re gonna be ahead of AI,” he added. Then Trump said something that proves he’s a crypto fundamentalist, not just a headline reader doing what Elon Musk or his son Barron are telling him: “And we’ve got to produce a tremendous amount of electricity. And you know that,” he explained. “It’s unbelievable when you think that we need more than twice what we already have. But we’ll be able to do it.” The Future History of The 21st Century Solar panel prices have already fallen on a parabolic trajectory since the 1970s, pacing like Moore’s Law dictates of computer microchip prices. But electricity could become even more abundant and cheap. Bitcoin is not only new Internet money. It’s also an industry with immediate incentives to develop cheap, abundant, renewable energy production. Each time the chip race for more efficient Bitcoin miners catches up to the state of the art, the only place left for miners to compete is on electricity costs. They are already poised to race each other for profit against this expense line in their business model. The possibilities of a smart electrical grid metered by blockchain platforms that are more articulately interchangeable with monetary currencies are scintillating . Trump Appointments Bullish for Crypto Before his inauguration on Jan. 20, Trump has already delivered enormous wins for the blockchain cryptocurrency sector. His nominations for Treasury Secretary, SEC Chair, and White House Crypto “Czar” are very bullish signals for prices on crypto exchange markets. Two have strong ties to cryptocurrency, and one (Trump’s pick for SEC Chair) is supportive of the industry, according to Mr. Trump. US Treasury Secretary: Howard Lutnick SEC Chair: Paul Atkins Crypto and AI Advisor: David Sacks The post Trump Gets It: Bitcoin Is aBounty on Abundance Electricity Production appeared first on CryptoPotato .
For crypto, 2024 was the best of times and the dumbest of times. Here are 69 of 420 dumbest moments of the year.
Why is Robinhood reluctant to hold Bitcoin while others dive in?
Solana on-chain activity reached a new all-time high, coinciding with a 30% surge in Pudgy Penguins token Pengu. Pengu ( PENGU ), the native token of blue chip NFT series Pudgy Penguins, bounced to within 50% of its previous peak price, buoyed by a Solana ( SOL ) uptick and a broad market recovery on 2024’s Christmas Eve. Pudgy Penguins released its PENGU crypto last week to 7 million eligible wallet addresses. Users have 88 days to claim 23.5% of 88 billion tokens or 20.6 billion coins. PENGU debuted at a $3.5 billion fully diluted valuation, quickly peaking at %0.06 cents after launch. Price data from crypto.news revealed a market correction following the airdrop, but a 30% PENGU porpoise returned the coin to $0.03. You might also like: News PENGU trader flipped $10k to $3 on Pudgy Penguins tokens The asset’s double-digit surge over 24 hours happened as Solana set a new all-time high for daily transactions on Dec. 24, according to data from Artemis. Solana daily transaction | Source: Artemis Meme coins, a cornerstone of on-chain SOL activity, probably drove transactions on the second-largest decentralized finance ecosystem by user deposits or total value locked per DefiLlama. DEX Screener trading info showed substantial inflows into Solana meme leaders like Bonk ( BONK ), Dogwifhat ( WIF ), Fartcoin ( FARTCOIN ), and a16z. The latter two projects are top tokens in crypto artificial intelligence agents, a sector garnering steam behind its narrative. Fartcoin, another viral AI agent focused on entertainment, also rejoined the billion-dollar market cap club after a 50%. The meme coin traded for $1.12 per FARTCOIN. Read more: FARTCOIN surges as Binance announces futures listing
Solana on-chain activity reached a new all-time high, coinciding with a 30% surge in Pudgy Penguins token Pengu.
Ethereum enthusiasts are buzzing about a promising future in 2025, fueled by upgrades, regulatory changes, and a surge in institutional interest. Experts highlight Ethereum’s potential growth, pinpointing critical advancements such
Renowned cryptocurrency analyst Omkar Godbolev said that there is a “bullish regression” pattern on the price chart of Solana (SOL). In a recent analysis, Godbolev noted that the price of SOL has risen by over 7% this week to $193, rebounding from a key trendline support level. According to the analyst, the trendline in question connects the highs of March and July to the lows of April and August, creating a descending channel that encompasses SOL’s long-term swings from March to October. Earlier this month, SOL broke out of this channel, confirming its bullish trend. Solana quickly rose above $260 before pulling back to the breakout, creating what technical analysts call a “bullish regression pattern.” Related News: Trader Who Opened a $60 Million Long Position in This Altcoin Lost Big: Talks About His Mistakes For SOL, the rebound from the breakout level reaffirmed support and signaled renewed bullish momentum. If this trend continues, traders who took early profits could re-enter the market, further fueling the upward momentum, he said. While the bullish regression pattern is promising, analysts warn that the pattern’s success depends on SOL maintaining support at the breakout level. Failure to do so could invalidate the pattern and send prices back into the descending channel. *This is not investment advice. Continue Reading: What to Expect Next in Solana? Analyst Assessed
Daddy Pepe could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Daddy Pepe (DADDPEPE), a new Solana memecoin that was launched today, is set to explode over 11,000% in price in the coming days. This is because DADDPEPE is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Daddy Pepe can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Daddy Pepe could become the next viral memecoin. Daddy Pepe launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Daddy Pepe on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Daddy Pepe by entering its contract address – 9UFnMabUe7wecdEEzAYPoQPZiuTJ1hTFpNz6qtsiB3FA – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DADDPEPE. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
If PEPE and SHIB Are Valued In The 10s of Billions, Then This Low-Cap Crypto Introducing ‘PayFi’ Most Certainly Will Be Pepe (PEPE) and Shiba Inu (SHIB) are two of the largest memecoins in the crypto market with market caps of over $5 billion. Analysts believe Remittix, a new DeFi project could be the best low-cap crypto to surpass the $1 billion mark. Remittix (RTX) aims to revolutionize the cross-border payment sector worth over $190T, allowing users to send cryptocurrencies across borders with ease. The project is currently in the presale stage and could give early investors returns of over 15x by 2025. Pepe (PEPE) Targets 4x Surge ChandlerBing, an analyst, has noted that the relative strength index of the PEPE coin has deviated from Bitcoin in recent growth and has not been at this level since April 2024. He notes that after this rather large deviation in April, Pepe (PEPE) went on to have an incredible run, rising over 4x. ChandlerBing also pointed to this historical precedent, and it appears that there is a high probability of another large increase in the PEPE price. In another tweet, Ali Martinez noted that TD Sequential has presented a buy signal on the daily Pepe price chart. According to him, a rebound could occur in the next few days. Presently, the value of the Pepe crypto has dropped by 21.2% in the weekly timeframe. The meme coin is currently battling with bears and could fall to lower levels unless bulls intervene. Fortunately, technical analysis shows that bulls are gaining momentum. The Average Directional Index (14) and Hull Moving Average (9) show buy signals which is a bullish sign. Shiba Inu (SHIB) Targets $0.000042 The Shiba Inu coin is among the memecoins that are in the red region right now. Data from CoinMarketCap shows the value of Shiba Inu has dropped by 18.7% on the weekly chart and 21.0% on the monthly time frame. A top expert called Shib Spain notes the Shiba Inu coin price could soar to $0.000042 in the coming weeks. However, the memecoin must maintain the support around the $0.000020 level. Another analyst called CW is also bullish about the memecoin. They predict the value of the Shiba Inu crypto might soar to $0.0000355 in the next few weeks. The relative strength index currently supports this bullish forecast. It has fallen below the midline and has enough room to rise in the next few days. Remittix (RTX) Redefines Cross-border Transactions Remittix is a new DeFi project in the digital finance space that is gaining traction among investors. It is a platform that uses blockchain technology to operate alongside the existing financial systems to enable people and companies to transfer and receive digital currencies. Remittix is making a difference and encouraging the use of cryptocurrency by offering a stable service that allows for direct crypto to fiat-transfers to bank accounts in over 30 currencies. This solution is unique in that it offers the fastest, safest, and least expensive way of attaining a better financial experience. Remittix is not just about the transactions; it is about people and companies all over the world. It is playing a role in creating a world where everyone can obtain financial services. With these features, this project seeks to close the gap between TradeFi and DeFi to enable easy crypto payments for its users. On the other hand, Remittix has its utility coin called RTX which is used in cross-border payment and can be staked to earn an interest. The RTX coin is in the presale phase at the moment and is priced at $0.0156. Some analysts have dubbed it as the best crypto to buy for 10x returns. Is Remittix The Next Best Crypto To Reach $1B Market Cap After Pepe (PEPE) And Shiba Inu (SHIB)? According to the article, RTX could be the next best cryptocurrency to reach a market cap of $1 billion. It is tapping into the global payment industry that could be worth over $250 trillion by 2027. In addition to this, RTX is a huge part of the Remittix ecosystem and has unique utilities that could lead to more adoption and subsequently, price growth. Discover the future of PayFi with Remittix by checking out their presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix 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 .